Market Research Blog

Demand for Protease Market is expected to reach US$ 1.8 Bn in 2021, according to the latest Future Market Insights (FMI) study. Driven by the rising demand for healthy food derived from natural sources, the market value is expected to reach US$ 3.94 Bn by 2031, exhibiting growth at healthy CAGR of 7.8% for 2021-31.

As synthetic chemicals used in industrial operations are toxic and can cause environmental hazards. Enzymes generated from plants and microbes, such as sugars and protease, have no detrimental environmental impact because they work under mild settings.

As a result, textile, protein hydrolysis, bread, brewing, dairy, and animal nutrition industries are widely adopting protease which is generated from plants, animals, and microorganisms. To achieve higher yields and cleaner goods, the leather industry has moved to proteases and trypsin instead of lime and sulphides.

As per FMI, amylase and protease are utilized to increase output in bakery and confectionary. Due to growing adoption of protease in bakery, the market is expected to register over 13.9% of sales during the forecast period.

As enzymes can also be utilized to boost the nutritional content of food and feed. Enzymes also reduce water usage, chemical waste, and by-product generation, posing little dangers to individuals and the environment. As a result, they are thought to be cost-effective, safe, and environmentally benign.

Chemically produced products can cause threat to human life and have a negative impact on the environment. The majority of industrial manufacturing enterprises are switching to safer, naturally produced products in place of harmful chemical products.

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Key Takeaways from the Protease Market Study:

• Based on product type, microbial protease emerge dominant, accounting for over 59.0 % total market share in 2021
• Plant based protease segment will register robust growth at a CAGR of 7.2 % between 2021 to 2031.
• In terms of end-use application, bakery and confectionary will account for maximum sales during the forecast period. In bakery and confectionary, breads sub-segment will dominate the segment, accounting for over 44.7% of market share.
• The U.S. is expected to be the most lucrative market on the back of surging consumption of dietary supplements enriched with protein enzyme among millennials
• Italy and Germany are expected to hold the largest market share across Europe, capturing over 18% and 16% market share, respectively.
• India is anticipated to spearhead the growth of South Asia’s protease market, followed by Thailand

“Consumers’ demand for more natural products, free from chemical additives is increasing with time. Protease enzymes can be used as a replacement for bi-sulfite, a chemical compound additive. Rapid advances in technology have made new proteases available for the food and beverage industry. This is expected to help in growth of the protease market in the coming years” said a lead analyst at FMI.

Who is Winning?

Key players operating in the market are focusing on new product launches and innovation in protease to cater surging demand from sports nutrition and bakery & confectionary. Manufacturers are also collaborating with pharmaceutical as well as local vendors to expand their customer base.

Some of the leading companies offering protease are Novozymes A/S, Advanced Enzymes Technologies Limited, BASF SE, Royal DSM N.V., E.l. Du Pont de Nemours & Company, Rossari Biotech Limited, AB Enzymes GmbH, Lallemand Inc., Amano Enzymes Inc., Biocatalysts Limited, Creative Enzymes, Nagase & Co., Ltd., Chr Hansen Holding A/S, Jiangsu Boli Bioproducts Co. Ltd., Kemin Industries, Inc, and Others.

Protease Market by Category

By Form:

• Liquid
• Powder & Granule

By Product Type:

• Animal
  • Trypsin
  • Renin
  • Pepsin
  • Others (chymotrypsin, thrombin, elastase, etc.)
• Plant
  • Papain
  • Keratinases
  • Others (Ficin, Bromelain, etc.)
• Microbial
  • Alkaline
  • Acid stable
  • Neutral
  • Others (Proteinase K, Peptidase, etc)

By End Use Application:

• Dairy Products
• Brewing
• Meat Products and Processing
• Bakery & Confectionery
  • Breads
  • Cookies & Crackers
  • Pastries
  • Waffles
  • Other Bakery & Confectionery
• Baby Food/ Infant Food
• Oil & Fat Processing
• Starch and Grain Processing
• Fruits and Vegetable Processing
• Cheese Making/ Processing
• Egg Products
• Beverages
• Dietary Supplements
• Pharmaceutical Products
• Personal Care Products
• Animal Nutrition

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Key Questions Answered in the Report

• What is the protease market demand outlook?

As per FMI, the protease market is expected to grow at 7.8% CAGR between 2021 and 2031.

• At what rate did the demand for protease increase in the last five years?

The demand for protease increased at 6.1% CAGR between 2016 and 2020.

• Which is the most lucrative market for protease?

North America is leading the protease market, contributing over 27.3% of market share through 2031. In North America, the U.S. is expected to be the most lucrative market of protease, registering growth at 5.2% CAGR.

• Which are some of the leading companies offering protease?

As per Future Market Insights, Rossari Biotech Limited, AB Enzymes GmbH, Novozymes A/S, BASF SE, E.L. Du Pont de Nemours & Company, Advanced Enzymes, and Nagase & Co. Ltd among others are identified as key players.

• Which are the key factors supporting the growth of protease market?

Some of the key factors supporting the protease market growth include increased application of protease in bakery & confectionary, dietary supplements, and infant food, and expansion of product portfolio. Additionally, growing demand for clean label and sustainable organic food products is supporting the growth of protease market.

• What are the key trends shaping the protease market?

Companies operating in the protease market are likely to focus on production of sustainable products with extended shelf life to gain competitive strength.

• What is driving protease sales in the U.K.?

Increased application of protease in bakery and confectionary will create increasing opportunities for protease sales in the U.K.

• What is China’s contribution towards protease sales in East Asia?

Over 38.6% of protease sold in East Asia is expected to concentrate in China.

• What is the outlook for protease sales in South Korea?

South Korea is expected to contribute over 29.6% of protease sales in East Asia.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The animal feed probiotics market value is expected to total US$ 3,113.3 Mn in 2021, according to Future Market Insights (FMI). The overall animal feed probiotics market value is expected to reach US$ 6,997.2 Mn by 2031, growing at a CAGR of 8.4%.

Over the last decade, the rise in the number of homes with pets has played a crucial part in maintaining the pet population size. During this time, the number of homes with more than one dog increased by five million, compared to a 4.8 million increase in the number of families with only one dog. Along with this, there is growing evidence supporting the use ofanimal feed probiotics for companion animals such as cats and dogs. 

Giving good bacteria to a companion animal may also have a positive impact on chronic gastro-intestinal illnesses, mental attitude, obesity, liver disease, dental disease, and behavior difficulties.

A daily feed probiotic supplement may also provide some additional benefits for dogs, including enhanced skin and coat appearance, reduced intestinal gas, and improved breath, among other things.

Thus, the rising pet population along with growing awareness about the animal health is driving the market growth.

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Key Takeaways from the Animal Feed Probiotics Market Study:

• On the basis of animal type, demand in livestock segment is expected to grow at a CAGR 6.7% over the forecast period and to be valued at US$ 3,483.9 Mn by 2031 end.
• Companion animals, equine and aquaculture combined are responsible for approximately 25.7% of the market in 2021. Demand from companion animals is expected to expand at 13.7% CAGR over the forecast period and to be valued at US$ 1,533.8 Mn by 2031 end.
• Equine is estimated to account for 5.0%, revenue share of the global animal feed probiotics market by 2021 end and is expected to gain 65 bps in its market share by 2031 over 2021. Aquaculture is expected to create absolute $ opportunity of US$ 377.6 Mn between 2021 and 2031.

Clear and Exclusive Information about Ingredients Used on Package Attracts More Customers

Consumers have become increasingly conscious about what they feed their pets and domestic animals in recent years. Customers appreciate a box that includes information on the product’s features and benefits. The information on a box should be correct, exclusive, and displayed clearly because buyers spend relatively little time looking at it. This can also help the buyer make more informed decision.

Furthermore, one method of giving nutritional information on animal feed probiotics is to use images to indicate the ingredients as well as the elements that are not contained in them. As a result, packaging design has begun to incorporate narrative illustration in the form of a storey using graphics.

Who is winning?

Technological advances in the field of molecular biology and gene sequencing have enabled researchers and scientists to create new probiotic compositions that are more animal-friendly.

Although probiotic supplements are unquestionably good for animal growth and intestinal health, consumers nonetheless face a number of adverse consequences on animal growth. Over the projection period, the growth of new generation technology is reforming the animal feed probiotics market, creating improved prospects.

Some of the leading companies offering animal feed probiotics are Alltech, Danisco Animal Nutrition (Dupont), Chr. Hansen Holding A/S, Evonik Industries AG, Novus International, Inc., Royal DSM, Lallemand, Pure Cultures LLC, Calpis Co., Ltd., Adisseo, and Others.

Key Points Covered in Animal Feed Probiotics Market Study

• Animal Feed Probiotics Market estimates and forecast 2015-2031
• Key drivers and restraints impacting Animal Feed Probiotics Market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Animal Feed Probiotics Market and How to Navigate
• Recommendation on Key Winning Strategies

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Key Questions Answered in Animal Feed Probiotics Market Report

• Which regions will continue to remain the most profitable regional markets for animal feed probiotics market players?
• Which factors will induce a change in the demand for animal feed probiotics during the assessment period?
• How will the changing trends impact the animal feed probiotics market?
• How can market players capture the low-hanging opportunities in the animal feed probiotics market in developed regions?
• Which companies are leading the animal feed probiotics market?
• What are the winning strategies of stakeholders in the animal feed probiotics market to upscale their position in this landscape?

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Popularity of vegan diets can be attributed to popularity of veganism and rising focus on sustainable living. As per Future Market Insights (FMI), these factors will create conducive environment for the expansion of the plant based milk market. The report also forecasts the sales of plant-based milk to increase at 8.8% CAGR between 2021 and 2031, the overall market value is expected to reach US$ 30.79 Bn by 2031.

Concerns about the humane treatment of animals have also had a significant influence in the gradual shift toward vegan diets. The market for plant-based milk is predicted to expand as a result of these factors.

Consumers have become more appreciative of and inclined toward plant-based products, such as juices and other plant-based beverages, as health and wellness concerns have grown, due to the rise in prevalence of obesity, diabetes, and cardiovascular diseases.

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Plant-based goods contribute to healthy eating habits by providing higher nutritional content, vitamins, minerals, and healthy fats. Veganism is gradually becoming more popular. Some of the countries have been identified to represent the trend from the fore at global forums. For instance:

• In 2016, Singapore earned the spot of second-most vegan friendly Asian city by PETA Asia. Singapore was also titled the top 6th vegan city in the world by Happy Cow.
• Hong Kong was listed in the top 10 vegan friendly countries by Peta Asia in 2020. According to a vegan business platform, Eco Warrior Princess, roughly 25% -70% of Hong Kong residents consume vegan meals.
• Thailand witnessed the launch of several vegan restaurants and food outlets recently such as Veganerie, Vistro, May Veggie Home, and Swees among others.

Key Takeaways from the Plant-based Milk Market Study:

• The U.S. is estimated to account for more than 80% of the North America market in 2021, supported by consumer awareness regarding nutritional foods.
• According to FMI’s analysis, China is estimated to account for more than 60% of the Asia Pacific market in 2021, supported by easy availability of raw materials.
• The U.K. is a high potential market in Europe, accounting for over 9.4% value share, supported by the popularity of clean label trends.
• Sales via online retail are expected to grow at 10.8% CAGR through 2031.

“Consumers across the globe are becoming increasingly health-conscious. Increasing focus on health and wellness have been drawing them towards plant-based milk in comparison to regular diary. This also is encouraging the market players to put greater emphasis on product launches,” said a lead analyst at FMI. 

Sustainability of Plant-based Milk Production to Increase its Appeal

Plant-based milk is popular among customers because of benefits it provides in terms of sustainability, nutrition, and convenience. Consumers now demand food & beverages that are good for both their bodies and environment.

There are various concerns with conventional dairy products, including inhumane livestock rearing & addition of pesticides and chemicals to dairy milk, among others. Because of its vegan origins and branding as a health product, demand for plant based milk such as oat milk is likely to increase.

Who is winning?

Manufacturers of plant-based milk are trying to attract customers by packaging their products in cartons which are creatively and beautifully crafted. It helps plant-based milk producers differentiate their beverage from the rest and draws more customers as buyers choose to purchase a more visually appealing product compared to a typical product.

Some of the leading companies offering plant-based milk are

• Groupe Danone
• Alpina Foods
• Blue Diamond Growers, Inc.
• Döhler GmbH
• Earth’s Own Food Company Inc
• Elden Foods Inc
• Freedom Foods Group Ltd
• Goya Foods
• Groupe Danone
• Hain Celestial Group, Inc
• Kaslink Foods Oy Ltd
• Living Harvest Foods Inc
• Liwayway Holdings Company Limited
• Mc Cormick & Co.
• Natura Foods
• Nutriops SL
• Organic Valley
• Pacific Foods of Oregon, Inc
• Others

Get Valuable Insights into Demand for Microalgae in Food & Beverage Sector 

Future Market Insights, in its new offering, provides an unbiased analysis of plant-based milk presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the plant-based milk based on nature (organic and conventional), by form (liquid and powder), by product type (soy milk, almond milk, coconut milk, cashew milk, hemp seed milk, rice milk, oat milk, peanut milk, pea milk, hazelnut milk, macadamia milk, flax milk, walnut, and other product types), by flavor (unflavored & flavored), and by end-use (infant formula, dairy products, bakery & confectionary, milk & milk-based beverages, and retail sales), sales channel (direct sales and indirect sales) across seven major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).

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Detailed Table of Content:

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

        3.1.1. Transformed Packaging Format

        3.1.2. Increased advertising spend

        3.1.3. Brandishing Functional claims to acquire new customers

        3.1.4. Increased retail shelves visibility

    3.2. Product Innovation / Development Trends

4. Introduction to Flavor Profiles for Plant Based Milk

    4.1. Manufacturers ensuring taste is the key

    4.2. Flavors triggers interest

    4.3. A movement towards more indulgent flavors in plant based dairy category

    4.4. Going nuts about milk

    4.5. Global Plant based Flavored Milk Market Outlook, 2020

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Sales in the global microalgae market are slated to top US$ 11.4 Bn in 2022. Expanding at a healthy 8.0% CAGR, the market size is projected to total US$ 18.1 Bn by 2028. As per Future Market Insights (FMI), the global shipment of microalgae will reach 63,864.60 DW tons by 2021-end. Application of microalgae in food and beverage sector is expected to spur the demand, with sales reaching a value of US$ 99.6 Bn through 2021 and beyond.

Demand for plant-based and organic food and supplements will increase the adoption of microalgae, creating lucrative growth opportunities for market players in the forecast period (2021-2031).

Rising use of microalgae proteins and ingredients in the production of pharmaceutical, nutraceutical, and aquaculture products will be a key growth driver. As aquaculture and animal feed industries are highly dependent on plant-based additives for higher nutritional value, demand for microalgae-based ingredients pet food is increasing.

Microalgae such as spirulina and chlorella are extensively used in the production of dietary supplements. Now, with rising awareness about the advantages of plant-based dietary supplements among consumers, key players are increasing the use of microalgae in the production.

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As microalgae is highly rich in anti-oxidants and has anti-inflammatory properties, extensive use of microalgae-based ingredient in healthcare and wellbeing industry is expected. According to the report, healthcare sector is expected to emerge as the primary end user, followed by the food and beverage sector.

Driven by a myriad of health benefits, demand for spirulina as a healthy additive will increase in the food & beverage industry. According to Future Market Insights, over 41.3% of microalgae sales will come from the spirulina segment.

“Increasing consumer inclination towards plant-based products and demand for organic and sustainable food proteins will create lucrative growth opportunities for leading players within food & beverage and healthcare industry.” says the Future Market Insights analyst.

Key Takeaways from Microalgae Market Survey

• In terms of application, food and beverage sector is leading the segment with market valuation expected to surpass US$ thousand 99,623.3 by 2021-end
• Application of microalgae in cosmetic industry will boost the sales, with the segment witnessing steady growth at 4.2% CAGR through 2021
• Demand for microalgae in pet food sector will lift the sales, representing nearly 7% of year-on-year growth in 2021
• In terms of species, spirulina will lead the market with over 41.7% of market share in 2021
• Japan is expected to offer lucrative growth owing to increasing investments from government and private organization in food & beverage industry
• The U.S. will lead the market growth owing to the rising demand for plant-based food and supplements in the country

Key Drivers

• Rising consumer inclination towards plant-based and sustainable food products will drive the demand
• Increasing adoption of microalgae to develop preventive healthcare and nutraceuticals food supplements will spur the sales
• Growing demand for natural and organic antioxidants is expected to provide growth opportunities for microalgae manufacturers

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Microalgae Market – Participants Insights

With increasing demand for natural and organic food products, microalgae manufacturers are focusing on developing microalgae additives to cater to the surging demand. Extensive research and development activities also are undertaken for the expansion of product portfolio.

As per Future Market Insights, presence of numerous established players in the market is resulting in intense competition. To sustain their position in the industry, key players are emphasizing on product launches and innovations.

For instance:

• In July 2021, Microphyt, a leading company in the production and marketing of microalgae-based bioactive ingredients announced the launch of SCALE, world’s first fully-integrated microalgae biorefinery to accommodate growing demand for nutrition in food & beverage, personal care, and wellness industries.
• In June 2021, Polaris announced the launch of Omegavie DHA 800, algae oil sourced from microalgae, rich in vitamins, proteins, and enzymes. The product launched in France which offers plant-based and sustainable origin for polyunsaturated fatty acids.
• In July 2020, Unilever and biotech start-up Algenuity announced their partnership to delve into the huge potential that microalgae bring in innovating future foods for Unilever’s plant-based portfolio.

Some of the leading players operating in the microalgae market profiled by Future Market Insights are:

• DIC Corporation
• Koninkliijke DSM NV
• Roquette Frères
• Sun chlorella
• Cellana LLC
• Fuji Chemical Industries Co., Ltd.
• Corbion (TerraVia Holdings)
• Yunnan Green-A-Bio-engineering Co Ltd
• Buggypower
• Cyanotech Corporation
• Algatec (Lusoamoreiras)
• BASF SE
• Parry Nutraceuticals
• KDI Ingredients.
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Algatechnologies Ltd.
• Others

More Valuable Insights on Market

FMI, in its new report, offers an unbiased analysis of the global microalgae market, analysing forecast statistics through 2021 and beyond. The survey reveals growth projections on in microalgae market with detailed segmentation:

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End-Use Application:

• Food and Beverages Sector
• Health and Medical Sector
• Animal Feed Sector
• Pet Food Sector
• Cosmetics and Personal Care Sector
• Fertilizers Sector

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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Key Questions Covered in the Microalgae Market Report 

• The report offers detailed insights into microalgae demand outlook for 2021-2031
• The market study also highlights projected sales growth for microalgae market between 2021 and 2031
• Microalgae market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Microalgae market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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Future Market Insights, Dubai: As per Future Market insights (FMI), the global market for cat food is anticipated to surpass a valuation of US$ 65.2 Bn by 2031 in comparison to the valuation of US$ 40.78 Bn registered in 2021, expanding at a CAGR of 4.8% over the forecast period 2021-2031.

The cat adoption rate is phenomenally increasing, especially on account of increasing pet humanization trends coupled with growing millennial population. Due to growth reported in the number of cat owners, the demand for nondiscretionary and discretionary products is on a rise, which in turn, is driving growth of the cat food market.

Some of the leading manufacturers are focusing on introducing a wide variety of premium food products including, vegan, organic, and gluten-free variants to feed cats with healthier meals. Other market players are also joining the bandwagon by launching innovative packaging solutions to gain competitive.

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Among various types, wet cat food segment is gaining traction in the market due to its balanced flavor profile covering vitamins, and minerals. As per the study, it is expected to register a CAGR of around 5% over the forecast period 2021-2031.

With advancements in e-commerce, consumers are now transitioning towards online retailers for purchasing cat food products, which, in turn is spurring sales prospects. As per FMI, it is forecast to expand at a CAGR of 5.9%, reaching a valuation of US$ 8,939.4 Mn by the end of 2031.

Growth prospects are likely to remain positive in China driven by growing urbanization, widespread pet humanization trends and rise in pet ownership trends especially among younger generation. FMI has estimated that, China will account for over 50.8% of East Asia sales in 2021.

“Increasing urbanization along with rising disposable income is contributing to the growth of the cat food market. Growing emphasis on pet humanization trends along with cultural trends are further spurring sales prospects. Besides these, leading market players are focusing on expanding their portfolio. Therefore, a slew of new plant-based products are being launched, which is expected to bode well for the market,” said a FMI analyst.

Key Takeaways from Cat Food Market Survey

• Driven by pet humanization trend, China is estimated to account for 50.8% of East Asia market share in 2021.
• Thailand market for cat food is forecast to grow at a CAGR of 7.5% over the assessment period 2021-2031.
• The U.S. is leading the market for cat food in North America and is estimated to account for over 89.1% of North America market in 2021.
• Based on type, demand for wet cat food is anticipated to rise at a CAGR of 5% over the forecast period.
• Based on distribution channel, online retailers are expected to grow at a CAGR of 5.9% over the assessment period.

Key Drivers

• Pet humanization is a major factor driving demand for cat food market.
• Owing to its high nutritional profile, cat food market is growing at a rapid pace.
• Growing urbanization along with steady growth observed in the number of cat owners is propelling demand for cat food.

Key Restraints

• High impact regulations in the cat food industry is likely to restrict the market growth.

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Competitive Landscape

Cat food manufacturers are focusing on new product launches to enhance their product portfolio.

For instance, in 2020, Purina announced the launch of its new, one of its kind cat food called Pro Plan LiveClear, which reduces allergens on cat hair and dander.

In 2021, Catit, the brand known for its range of cat toys and accessories announced the launch of Nuna, the UK’s first ever range of insect-based cat food. With this new launch Catit aims at setting up a new standard in the premium food category.

Some of the leading players operating in the cat food market profiled by Fact.MR are:

• Evanger’s Dog & Cat Food Company, Inc.
• Mars Incorporated
• Purina
• Hill’s Pet Nutrition
• Affinity Petcare SA
• Nutro Products Inc.
• Dave’s Pet Food
• Boulder Dog Food Company
• Rollover Pet Food Ltd.
• Real Pet Food Company Pty Ltd
• Freshpet
• Burgess Group PLC
• Nature’s variety
• Fromm Family Foods LLC
• JustFoodForDogs ( approx)
• The J.M. Smucker Company
• Steve’s Real Food
• Natures Goodness Pet Food
• Party Animal, Inc.
• Iams

More Valuable Insights on Cat Food Market

FMI, in its new report, offers an unbiased analysis of the global cat food market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in cat food market with detailed segmentation:

By Nature:

• Organic
• Monoprotein
• Conventional

By Source:

• Animal Derived
  • Fish
  • Chicken
  • Duck
  • Beef
  • Pork
  • Venison/Game
  • Lamb
  • Turkey
• Plant-derived
• Insect-derived
  • Crickets
  • Mealworms
  • Black soldier flies

By Product Type:

• Kibble/Dry
  • Extruded
  • Baked
  • Coated
• · Treats and Chews
  • Pastes
  • Cremes / Cream-Snacks
  • Crunchy snacks
  • Chew sticks
  • Tablets
  • Biscuits
  • Cat Milk / Milk snacks
• Dehydrated Food
• Freeze Dried Food
• Freeze-Dried Raw
• Wet Food
• Frozen
• Raw Food
• Powder

By Pet Type:

• Kitten
• Senior

By Packaging Type:

• Pouches
• Bags
• Folding cartons
• Tubs & Cups
• Can
• Bottles & jars

By Distribution Channel:

• Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
• Online Retailers

Key Questions Covered in the Cat Food Market Report 

• The market survey also highlights projected sales growth for cat food market between 2021 and 2031
• The report offers insight into cat food demand outlook for forecast period 2021-2031.
• Cat food market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
• Cat food market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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As per Future Market insights (FMI), the global market for caramel food colors is anticipated to surpass a valuation of US$ 409 Mn by 2031 in comparison to the valuation of US$ 165.2 Mn registered in 2021. The market has been forecast to exhibit a CAGR of 9.5% over the forecast period 2021-2031.

Growing preference for foods that are not only appealing but also nutritious and healthy are accelerating growth of the caramel food colors market. Also, the increasing inclusion of caramel food colors in soy sauce, seasonings, breads, pet meals and cereals is spurring sales prospects.

Besides these, increasing scope for application in bakery and confectionary products is creating lucrative opportunities for growth. Demand will continue increasing owing to surging consumer spending on specialty and decorative food products.

Among various types, caramel (sulphite ammonia) is gaining traction in the food and beverage industry on account of its stabilizing and coloring properties. FMI has forecast that the segment will account for over 50% of the market share in 2021.

Regionally, North America will emerge as a highly lucrative market. Growth prospects for the U.S. market remain positive driven by increasing demand for chocolates in the country. Caramel food colors are often included in chocolates. Considering this, rising chocolate sales will remain a chief growth driver for the market in the U.S.

Manufacturers are focusing on expanding their premium product lines by incorporating novel flavors and colors such as candy-coated lentil, liquor-flavoured caramels, and caramel-centered products.

“Leading market players are focusing on new product launches to address the evolving needs of consumers across the globe. Besides this, the increasing emphasis on acquisitions and partnerships programs is bolstering growth prospects for the market,” said a FMI analyst.

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Key Takeaways from Caramel Food Colors Market Survey

• Driven by rising demand for chocolates, the U.S. is estimated to account for 84.7% of North America market in 2021.
• India market for caramel food colors is projected to reach a valuation of US$ 8.3 Mn in 2021.
• Backed by increasing usage of caramel food colors in energy drinks, China is likely to grow at a CAGR of 7.4%.
• Brazil is anticipated to account for over 48.5% of the Latin America market owing to increasing demand for caramel food color in the local beverage industry.
• Germany is leading the caramel food colors market in Europe and is expected to account for 23.1% of the overall market share in 2021.

Key Drivers

• Rising application in bakery and confectionary sectors is propelling scope for expansion of the market.
• Rapid growth witnessed in the convenience food industry is expected to accelerate the sales of caramel food colors.

Competitive Landscape

Caramel food colors manufacturers are undertaking acquisitions and partnerships to gain a strong foothold in the market.

For instance, in 2018, Roquette announced the completion of acquisition Sethness Products Company, a leading manufacturer of caramel colors for food and beverage applications. This acquisition aligns with Roquette’s growth strategy focused on expanding its portfolio of food, nutrition and health to address the needs of existing as well as new customers.

In 2021, Chr. Hansen Natural Colors, a global leading provider of natural colors announced the acquisition of SECNA Natural Ingredients Group to expand its strong pigment portfolio.

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Some of the leading players operating in the caramel food colors market profiled by FMI are:

• BioconColors
• DDW, The Color House
• Döhler Group.
• Kalsec Inc.
• DSM
• Naturex S.A.
• Others

More Valuable Insights on Market

FMI, in its new report, offers an unbiased analysis of the global caramel food colors market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in caramel food colors market with detailed segmentation:

By Type:

• Caramel (Plain)
• Caramel (Caustic sulphite)
• Caramel (Ammonia)
• Caramel (Sulphite ammonia)

By Application:

• Beverage
  • Milk Drinks & Milk Alternatives
  • Alcoholic Beverages
  • Carbonates (Carbonated Soft Drinks)
  • Sports Drinks
  • Coffee & Cocoa
  • Tea
  • Energy Drink
  • Juice Based Drinks
  • Flavored water
  • Enhanced Water
  • Sparkling Waters
• Bakery, Snacks, & Cereal
  • Breakfast Cereal
  • Bread
  • Cakes & Pastries
  • Cookies
  • Biscuits & Cones
  • Frosting / Icing
  • Crackers & Savoury Snacks
• Candy / Confectionery
  • Panned Candy
  • Chocolate & Compound Coating
  • Gummies
  • Chewing Gum
  • Jellies & Licorice
  • Sprinkles & Sugar
  • Hard Candies / Boiled Sweets
• Dairy
  • Cheese
  • Ice Cream
  • Milk Drinks & Milk Alternatives
  • Pudding / Custard
  • o Dips & Spreads
  • Yogurt
• Fruit Preparations / Fillings
• Meat, Poultry, Fish, & Eggs
  • Casings
  • Egg & Egg Substitute
  • Fish / Seafood
  • Jerky
  • Meat Substitute
  • Processed Meat & Poultry
• Potatoes, Pasta, & Rice
  • Pasta
  • Potato Chips / Crisps
  • Processed Potatoes
  • Rice
• Sauces, Soups, & Dressings
  • Asian Sauces
  • Barbecue & Steak Sauce
  • Condiments
  • Gravy / Dry Sauce Mix
  • Marinade
  • Oils & Dressings
• Seasonings
  • Batter
  • Breading and Coating
  • Bouillon / Soup Base / Stock
  • Liquid Smoke
  • Spice Blends / Dry Seasonings
• Pet Food
  • Extruded / Dry Pet Food
  • o Snacks / Treats
  • Wet Food

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Key Questions Covered in the Caramel Food Colors Market Report 

• The market survey also highlights projected sales growth for caramel food colors market between 2021 and 2031
• The report offers insight into caramel food colors demand outlook for forecast period 2021-2031.
• Caramel food colors market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
• Caramel food colors market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors fuelling the demand for microalgae in animal feed sector.

Rapid urbanization, rising disposable income, and growing awareness regarding benefits of natural antibiotics such as astaxanthin are positively impacting the sales of microalgae products.

Increasing consumption of animal proteins also is creating opportunities for sales of high quality fish and animal feed to derive healthy source of proteins for humans. As a result, microalgae products are gaining traction.

The rise in global population has led to the exploration of alternative sources of energy and food. Microalgae supplements not only benefit animal diets but also add value to the end products. The inclusion of microalgae in animal diets improves overall yield in animals.

Adoption of microalgae as feed ingredients is increasing, especially as a renewable alternative to traditional counterparts such as corn and soybean. It has been found that microalgae have anti-oxidant, anti-microbial and diseases preventing properties that can increase the lifespan of animals and fishes. As a result, they are being increasingly adopted in animal feed.

According to FMI, the surging demand for microalgae products across aquaculture and poultry industries will create scope for the expansion of the market during the forecast period.

Spirulina will lead the market in terms of species type. It is expected to account for a market share of around 39% in 2021. This can be attributed to its highly nutritional properties. North America is one of the leading regions, exhibiting high demand for microalgae. It is expected to account for 36.1% of the global microalgae sales in animal feed sector in 2021.

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“Growing demand for meat and dairy products to cater to the consistently increasingly population will continue to fuel the demand for microalgae in the animal feed sector,” says the FMI analyst.

Key Takeaways from Demand for Microalgae in Animal Feed Market Survey

• The U.S. will account for over 92% of sales in North America through 2031.
• Owing to the increasing sales of meat protein products, the demand for microalgae in Germany animal feed sector is expected to surpass a valuation of US$ 2.5 Mn in 2021.
• Brazil holds more than 52% value share in Latin America, driven by demand from a massive animal husbandry industry.
• Spirulina with its high nutritional properties account for more than 39% of the global market in 2021.
• Freshwater microalgae accounted for 82% of global demand for microalgae in animal feed sector in 2021.

Key Drivers

• Growing demand for meat and dairy products is bolstering the demand for microalgae in the animal feed sector.
• Rising awareness regarding the benefits of microalgae-based animal feed products is aiding the growth of the market.
• High adoption of microalgae products in aquaculture and poultry industry will further escalate the demand.

Key Restraints

• Availability of substitutes is hampering the demand for microalgae in the animal feed sector.
• High cost of microalgae-based animal feed also restraints the demand to some extent.

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Competitive Landscape

Key companies operating in the microalgae industry are aiming at developing new products. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

• In July 2021, AstaReal AB, part of the AstaReal Group introduced its astaxanthin brand NOVASTA in the European Market, to support optimal health and nutrition for a variety of animals. NOVASTA is rich in natural astaxanthin, carotenoids, proteins, carbohydrates and essential fatty acids.
• In July 2019 DSM, a global science-based company in nutrition, health and sustainable living, together with Evonik inaugurated their Veramaris 50-50 joint venture’s commercial-scale US$ 200 million production facility in Blair, Neb. (USA. This new site will begin commercial production of omega-3 fatty acids rich EPA and DHA from natural marine algae for sustainable salmon farming.

Some of the prominent players operating in the demand for microalgae in animal feds sector market profiled by FMI are:

• DIC Corporation
• Cyanotech Corporation
• Koninkliijke DSM NV
• Roquette Frères
• BASF SE
• Fuji Chemical Industries Co., Ltd
• Parry Nutraceuticals
• BGG (Beijing Gingko Group)
• KDI Ingredients
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Yunnan Alphy Biotech Co., Ltd.
• Algaecan Biotech Ltd.
• Algatechnologies Ltd.
• Cardax, Inc.,
• Igene Biotechnology, Inc.
• Fenchem Biotek Ltd.
• AstaReal Inc.,
• Others

More Insights on the Demand for Microalgae in Animal Feed Sector Sales Outlook

FMI provides an unbiased analysis of demand for microalgae in animal feed sector market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for microalgae in animal feed sector with a detailed segmentation on the basis of:

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End Use Applications:

• Poultry Feed
• Swine Feed
• Cattle Feed
• Aquaculture Feed
• Equine Feed

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Key Questions Covered in the Demand for Microalgae in Animal Feed Sector Sales Outlook Report

• The report offers insight into demand for microalgae in animal feed sector demand outlook for 2021-2031
• The market study also highlights projected sales growth for demand for microalgae in animal feed sector market between 2021 and 2031
• Demand for microalgae in animal feed sector survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Demand for microalgae in animal feed sector share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Growing demand for plant-based and nutrient-rich pet food is boosting sales of vegan cat food. As per ESOMAR-certified consulting firm Future Market Insights (FMI) the global vegan cat food market is anticipated to surpass US$ 10,560.40 Mn in 2021.

Increasing concerns regarding pet health are propelling demand for meat-free pet food alternatives. This trend is encouraging pet food producers to incorporate plant-based formulas such as pea protein in cat food products. Owing to this, FMI projects the vegan cat food market to expand at a positive 7.2% CAGR through 2031.

Prevalence of vegan diets across the globe has translated into increased sales of vegan cat food. Transparent ingredient lists is highly sought-after in human foods and this trend has proven critical in shaping pet owners’ preference for high-quality nutrients in pet food as well. Consequently, the focus on product advancements in plant-based kibble, treats, and wet food is at all-time high, creating opportunities for sales in vegan cat food.

The overall spike in pet ownership and per capita expenditure on pet food are chief factors providing tailwinds to vegan cat food sales. Unique processing techniques, reusable packagings such as pouches and stand-up bags, and product certifications will remain key variables influencing sales of vegan cat food.

As per FMI’s regional analysis, the U.S. is expected to dominate the vegan cat food market, reaching US$ 2,616.28 Mn in 2021. Growth can be attributed to increasing incidence of gluten allergy in pets, which is shifting the focus of pet-owners from processed food to vegan cat food.

“Growing prevalence of pet humanization, coupled with easy availability of vegan cat food through online channels are expected to propel sales in the global vegan cat food market between 2021 to 2031,” says the FMI analyst.

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Key Takeaways:

• Based on product type, kibble or dry vegan cat food will remain the best-selling product, with sales growing at a 7.8% CAGR.
• Adult vegan cat food is projected to account for 65.3% of the total market share.
• Store-based retail will emerge as the most lucrative distribution channel, accounting for approximately 86.4% of the vegan food market share. The segment is projected to grow at a 6.2% CAGR over the assessment period.
• In terms of packaging, sales of vegan cat food bags will gain traction, holding 35.8% of the market share.
• The vegan cat food market in the U.S. is projected to grow at a 5.1% CAGR.
• China is expected to account for 39.0% of the East Asia vegan cat food market, owing to rapid urbanization and increasing disposable income in the country.
• Japan is anticipated to hold 43.8% of the market share in East Asia, expanding at a healthy 6.2% CAGR through 2031.

Prominent Drivers:

• Increasing per capita expenditure on premium vegan cat food is anticipated to drive sales.
• Easy availability through online and offline channels with services like home delivery will foster sales in the market.

Competitive Landscape

As per FMI’s market survey, top players are projected to account for approximately 30-40% of the global vegan cat food market. To satisfy the ever-evolving consumers’ needs, market players are investing in research and development regarding plant-based ingredients for better product roll-out.

Global and regional players are also expediting marketing efforts to strengthen their online presence, aiming to reach a wider consumer base. Taking cues from growing demand for vegan cat food in emerging economies, Aistra launched its first vegan pet food store in India. More product developments include insect protein-based pet food options for a more sustainable approach. For instance:

• In December 2020, Madrid-based vegan pet food producer Veggie Animals expanded its product range by launching Veggie Animals PLUS for cats. The new product includes tapioca, which strengthens bones, iron, and cranberries to prevent urinary tract infections.
• In January 2021, global food giant Nestlé announced a new range of Purina pet food which is made from insect protein. Cutting out meat entirely from pet food, the company will incorporate black soldier fly larvae protein and with plant-based protein for added nutrition.

Leading players operating in Vegan Cat Food Market profiled by FMI include:

• Benevo
• Wysong
• Evanger’s Dog & Cat Food
• Nature’s Recipe
• My Aistra
• Evolution Diet
• Cannapple
• Eco Dog And Cats
• Nature’s diet
• Dr.goodpet

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More Insights on FMI’s Vegan Cat Food Market

The latest market study on the vegan cat food market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global vegan cat food market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Product:

• Kibble/Dry
  • Extruded
  • Baked
  • Coated
• Dehydrated Food
• Treats and Chews
  • Pastes
  • Creams/Cream Snacks
  • Crunchy Snacks
  • Chew Sticks
  • Tablets
  • Biscuits
• Freeze-Dried Raw
• Wet Food
• Frozen
• Powder
• Freeze-Dried Food

Age Group:

• Kitten
• Adults

Distribution Channel:

• Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
• Online Retailers

Packaging:

• Pouches
• Bags
• Folding cartons
• Tubs & Cups
• Can
• Bottles & jars

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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Key Questions Covered in Vegan Cat Food Market Report 

• The report offers detailed insights into vegan cat food market demand outlook for 2021-2031
• The market study also highlights projected sales growth for vegan cat food market between 2021 and 2031
• Vegan cat food market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Vegan cat food market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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