Market Research Blog

According to the latest industry analysis, the market size for cold-pressed oil is estimated to be around US$ 23,431.5 million in 2024. It is projected to exhibit a CAGR growth of 5.10% over the forecast period, with an estimated market size of US$ 38,426.4 million by 2034.

In the last few years, various studies and research have suggested the ill effects of refined oils that are subjected to heat during the manufacturing processes. This has substantially pushed the demand for cold-pressed oils in the general population. More and more people are increasingly becoming aware of the importance of maintaining a wholesome diet.

Refined oils lack sufficient calories for an active lifestyle, which is why cold-pressed oils are becoming more popular. Studies have shown that cold-pressed oils are rich in essential nutrients such as antioxidants, vitamins, lecithin, and phospholipids. This makes them a preferred choice over regular oils.

The cosmetic and cosmeceutical industry has also contributed to the growth of the cold-pressed oil market. More people are choosing natural and organic alternatives for skincare and haircare products. Cold-pressed oils are considered ideal for this purpose, making them a popular choice in the booming industry.

Fitness enthusiasts are promoting the nutritional benefits of cold-pressed oils, which is creating new opportunities for manufacturers. Apart from this, eco-conscious consumers are also getting drawn to cold-pressed oils due to their sustainable manufacturing process. This demand is driving the future growth of the cold-pressed oil market, especially in environmentally conscious countries.

“Cold-pressed oils are being increasingly adopted in the cosmetics and cosmeceutical industry. These are used to formulate various skincare products such as serums, moisturizers, cleansers, etc. Shampoos and hair conditioners are also being curated using these oils,” opines an FMI analyst.

Key Takeaways from the Market Study

• The palm oil segment dominates the cold-pressed oil market with a share of 35.80% in 2024.
• Based on application, the food industry leads the cold-pressed oil industry with a share of 67.00% in 2024.
• The cold-pressed oil industry in China is anticipated to progress at a CAGR of 0.90% through 2034.
• The cold-pressed oil industry in Germany is estimated to rise at a 3.70% CAGR through 2034.
• The cold-pressed oil industry in the United States has the potential to increase at 2.10% CAGR through 2034.
• The Japan cold-pressed oil industry is predicted to rise by 1.40% CAGR through 2034.
• The cold-pressed oil market in India is likely to surge at a CAGR of 4.80% through 2034.      

Competitive Landscape

The cold-pressed oil market is dominated by prominent companies such as NOW Foods, Mountain Rose Herbs, Aura Cacia, Pukka Herbs, Naissance, Banyan Botanicals, and Majestic Pure.

• These companies are catering to the rising demand for eco-friendly practices and adopting sustainable sourcing, manufacturing, and packaging measures.
• They are also collaborating with social media influencers and fitness bloggers to promote their products to eco-conscious consumers and businesses.
• Billions of dollars have been invested in research and development to expand the applications of cold-pressed oils beyond the food and cosmetics industry.

Recent Developments:

• Bharat Botanics opened India’s largest cold-pressed oil facility in Gondal, promoting hygiene and transparency in November 2023.
• Tata Consumer Products launched Tata Simply Better Cold Pressed Oils, a premium range of four flavorful variants, in August 2023.
• Orgatma Cold-Pressed Oils, in October 2023, revolutionized the culinary landscape with natural, chemical-free oils, promoting sustainability, education, and ethical practices.

Cold-Pressed Oil Market by Category

By Application :

• Food Industry
• Cosmetics and Personal Care Industry
• Agriculture

By Type :

• Peanut Oil
• Coconut Oil
• Rapeseed Oil
• Cottonseed Oil
• Soybean Oil
• Olive Oil
• Palm Oil
• Sunflower Seed Oil
• Palm Kernel Oil

By Distribution Channel :

• B2B
• B2C
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Retail Stores
  • Online Retail

By Region :

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

Buy now to gain access to detailed information about each segment

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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From 2023 to 2033, the corn fiber market is expected to increase at an astounding rate. The global market is predicted to reach a valuation of US$ 0.7 billion in 2023, per the research report released by FMI. By 2033, it’s anticipated to exceed $3.16 billion USD. From 2023 to 2033, the market is anticipated to grow at a CAGR of 14.7%.

Several industries, including textile, pharmaceutical, food & beverages, animal nutrition, and others use corn fiber. A form of soluble fiber called resistant starch found in corn fiber has demonstrated a range of health advantages on consumption. Corn fiber has been found beneficial in blood sugar regulation and lowering cholesterol levels. Its prebiotic qualities lower the risk of heart disease and improve intestinal health. The escalating use of corn fiber in end-use industries is driving market growth. Additionally, the improving income levels and expanding global population contribute to market development. 

The concerns of consumers regarding the food they consume are rising globally. Consumers are becoming more aware and are prepared to pay extra for goods that they believe are better made and healthier. The increasing demand for high-quality animal products is predicted to foster growth in the market. Additionally, pet food items that are specifically designed to fulfill the specific nutritional requirements of various sorts of pets are in more demand.

To take advantage of new market trends, the key industry players are investing more money in marketing and research and development operations. Market players are spending more on research and development initiatives to capitalize on increasing trends in the food and beverage sector. They are working on products that follow the most recent dietary trends and properly optimize their marketing campaigns.

Key Takeaways from Corn Fiber Market Report:

• In 2018, the global market size stood at nearly US$ 0.23 billion.
• The market for corn fiber in Europe is projected to exhibit a CAGR of 10% from 2023 to 2033.
• Asia Pacific is anticipated to attain a significant market share during the forecast period. Due to the presence of key pharmaceutical companies. The expanding food and beverage industry and textile sectors are expected to further bolster the region’s market development.
• North America is likely to dominate the global market due to the presence of robust pharmaceutical and healthcare industries.
• The animal nutrition segment is likely to gain swift growth in the coming years.

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Recent Developments Observed by FMI:

• In January 2023, Cargill commercialized a soluble maize fiber component. The new bulking ingredient has a minimal impact on the texture and color and has half the calories of sugar.
• Novozymes introduced the first enzymatic corn separation technique in November 2022. The new soluble corn fiber may be utilized in dairy products, cereals, drinks, baked goods, pet food, and confectionary items. Because of the discovery, producers are now able to run their corn mills more effectively, which has fundamentally altered the market. The first-generation enzyme, Frontia Fiberwash, assisted plants in producing more starch with less energy and carbon dioxide emissions.

Market Segmentation

Market by Application:

• Corn Fiber in Food
  • Bakery
  • Breakfast Cereals & Snacks
  • Confectionery
  • Dairy
  • Meat Product
  • Infant Food
• Corn Fiber in Beverages
• Corn Fiber in Pharmaceutical
• Corn Fiber in Animal Nutrition
  • Swine
  • Ruminants
  • Poultry
  • Pet
• Corn Fiber in Textile
  • Apparels
  • Nonwovens
  • Home Textiles
  • Industrial Textiles

Market by Region:

• Corn Fiber in North America Market
• Corn Fiber in Asia Pacific Market
• Corn Fiber in Europe Market
• Corn Fiber in Latin America Market
• Corn Fiber in the Middle East and Africa Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global chitosan oligosaccharides market is forecasted to achieve remarkable growth, with its valuation projected to soar from USD 2.5 billion in 2022 to an impressive USD 9.8 billion by 2032. This represents a robust compound annual growth rate (CAGR) of 14% over the forecast period. The significant expansion of this market can be attributed to several key factors, including increased waste from the seafood industry, government support for waste utilization, and a rise in applications across diverse sectors.

The global chitosan oligosaccharides market is set to experience unprecedented growth, driven by sustainability and wide-ranging applications.

Key Market Drivers and Applications

• Sustainability and Waste Utilization: The chitosan oligosaccharides market is significantly propelled by the growing volume of waste generated by the seafood industry. Annually, approximately 6 million tons of crab, lobster, and shrimp shell waste are produced globally. This abundant raw material serves as a key driver for the chitosan oligosaccharides market, enabling the production of eco-friendly agricultural materials such as organic fertilizers and inorganic fungicides.
• Rise in Demand for Bio-Based Cosmetic Products: The cosmetics industry is experiencing a surge in demand for bio-based products, and chitosan oligosaccharides, with their beneficial properties and availability in both powder and liquid forms, are becoming a favored ingredient. Their excellent solubility, antioxidant, and antimicrobial properties make them ideal for skincare and hair care formulations, driving market growth.
• Agricultural Applications: Chitosan oligosaccharides are widely used in the agricultural sector for the preparation of fertilizers, seed treatment products, and plant activators. Their ability to enhance the innate immunity of plants and protect against pathogenic agents boosts their demand. The agricultural industry’s growth, supported by an increasing global population and the need for higher crop yields, further propels the market.
• Wastewater Treatment: With rising urbanization and industrialization, particularly in the Asia Pacific region, the demand for efficient wastewater treatment solutions is escalating. Chitosan oligosaccharides, being eco-friendly, play a crucial role in wastewater treatment processes. This drives their sales as an effective treatment chemical, contributing to market expansion.

Regional Outlook

The Asia Pacific region is expected to witness significant growth in the chitosan oligosaccharides market. Rapid urbanization, industrialization, and the need for sustainable wastewater treatment solutions are key factors driving demand. Moreover, the region’s thriving agricultural sector, which extensively uses chitosan oligosaccharides in various applications, further boosts market growth.

Industry Innovations and Future Prospects

Ongoing research and development activities are exploring new applications and uses for chitosan oligosaccharides. The cosmetics industry, wastewater treatment sector, and agricultural industry are likely to see innovative product developments, expanding the market’s scope. Additionally, the Mexican government’s elimination of stringent regulations, which previously restricted the establishment of new manufacturing units, has led to the growth of large-scale pharmaceutical manufacturing facilities. This development is expected to further fuel demand for chitosan oligosaccharides in the region.

Key Market Players

Prominent players in the chitosan oligosaccharides market include:

• Kunpoong Bio Co., Ltd
• Auro Biotechnologies Pvt. Ltd.
• Marshall Marine Products
• News-Golden-Shell Pharmaceutical Co., Ltd
• T.C. Bio Corporation
• Zhejiang Aoxing Biotechnology Co., Ltd
• Jinan Haidebei Marine Bioengineering Co., Ltd.
• Yaizu Suisankagaku Industry Co., Ltd.

These companies are actively engaging in strategies such as mergers, acquisitions, and partnerships to consolidate their market positions and expand their share in the growing chitosan oligosaccharides market.

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Key Segments Profiled in the Chitosan Oligosaccharides Market Survey

By Grade:

• Crab
• Shrimp

By Form:

• Liquid
• Powder

By Grade:

• Food Grade
• Agriculture Grade
• Pharmaceutical Grade
• Cosmetic Grade

By End Use:

• Food and Beverage Industry
• Waste Water Treatment
• Pharmaceutical Industry
• Cosmetic and Personal Care Industry
• Agriculture Industry
• Textile Industry
• Chemical Industry
• Animal Feed Supplements

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global almond protein market size, which amassed a market value of USD 4.14 billion in 2022, is set to grow at a robust CAGR of 6% over the forecast period from 2022 to 2032, reaching an estimated USD 7.42 billion by 2032. This growth is primarily fueled by the increasing dependency on almond protein by the vegan population, alongside rising health and environmental awareness.

As consumers globally shift towards plant-based and protein-rich diets, almonds are transforming from a luxury to a necessity. This transition is significantly bolstering the growth prospects of nut milk and nut-based meat replacement markets. Almonds, celebrated as a nutritionally dense superfood, are cementing their position in the plant-protein sector. The market’s expansion is further propelled by the growing number of consumers adopting plant-based diets due to changing taste preferences and increasing health and environmental concerns.         

Key Market Drivers:

• High-Protein Trend: The accelerating consumer demand for high-protein foods is driving manufacturers to differentiate themselves in an increasingly crowded marketplace. This demand is infiltrating various food categories, from snacks to frozen meals. As food manufacturers adapt to the health and cultural factors influencing consumption, the almond protein market is expected to witness sustained demand.
• Rise of Vegan Culture: Increasing concerns over animal welfare have led to a rise in veganism and vegetarianism, boosting the demand for plant-based food ingredients. This trend has inundated the food industry with numerous plant-based products, enhancing the application scope of almond proteins. Furthermore, challenges associated with other plant-derived ingredients, such as texture issues with pea protein and allergic reactions to soy, are shifting the spotlight to almond protein.
• Optimal Sensory Profile: Almond protein stands out due to its neutral taste and texture, making it a preferred choice for various protein ingredient blends. This ideal sensory profile, coupled with the absence of masking agents, facilitates clean ingredient statements, which align with increasing consumer curiosity about food sourcing.
• Technological Advancements: Technological advancements in almond farming methods, including automated management processes and scientific planting approaches, are crucial for meeting the rising demand for almond protein. These advancements reduce management costs and the final product price, attracting consumers, particularly in low- and mid-income countries.

Regional Insights:

North America: North America, especially the U.S., is the largest contributor to the almond protein market, driven by high almond production rates and significant demand in personal care, confectionery, and fitness sectors. The fitness-conscious population’s investment in almond-based protein beverages is further boosting market growth. The region is expected to register a CAGR of 8% during the forecast period.

Asia Pacific: The demand for almond protein in countries like Japan, India, and China is bolstering market growth in the Asia Pacific region. Almond protein is widely used in personal care products and various desserts in these countries. The Asia Pacific region is projected to register a CAGR of 6% from 2022 to 2032.

Market Competition: Key players in the almond protein market include Blue Diamond Ingredients, Noosh Brands, Almond Pro Foods, InovoBiologic Inc., Sabinsa Corporation, and BASF. Blue Diamond Ingredients, for instance, focuses on launching almond protein powders in various flavors, adaptable for different recipes.

Challenges: The almond protein market faces challenges such as the gap between demand and production. Commercialization of almond protein is urgently required, and farmers need to invest in advanced technology to increase production. Global warming and climate crises are also affecting almond production, impacting market growth.

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Key Segments Profiled in the Almond Protein Industry Survey

Application :

• Beverages
• Confectionery & Bakery
• Personal Care

Distribution Channel :

• Online
• Supermarkets/Hypermarkets
• Convenience Store

Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global fermented chymosin market is on a trajectory of robust growth, expected to achieve a substantial revenue milestone of US$ 6.7 billion by 2032, up from US$ 4.6 billion in 2022. With a steady CAGR of 3.5% during the forecast period from 2022 to 2032, this market presents promising investment prospects driven by evolving consumer preferences and technological advancements in cheese production.

The increasing adoption of vegetarian and vegan diets worldwide is a significant driver fueling the demand for fermented chymosin. As per data from Vegetarian Times, approximately 3.2% of adults in the United States adhere to a vegetarian diet, with a growing segment opting for completely animal-free products. This shift is boosting the consumption of plant-based cheese alternatives, thereby augmenting the market for fermented chymosin as a key enzyme in cheese production.

Moreover, the growing awareness of the nutritional benefits of cheese, coupled with rising per capita incomes and improvements in living standards globally, is accelerating the demand for high-quality dairy products. Fermented chymosin plays a pivotal role in enhancing the texture, taste, and nutritional profile of cheese, catering to discerning consumer preferences for healthier, tastier, and sustainably produced food options.

Regional Insights

Asia Pacific emerges as a pivotal region poised for substantial growth in the fermented chymosin market. The region’s burgeoning population, coupled with increasing disposable incomes and a shift towards western dietary habits, is driving robust demand for cheese and dairy products. Countries like China and India are witnessing a surge in vegan populations, further propelling market growth.

In North America and Europe, traditional strongholds of cheese consumption, changing consumer preferences towards healthier and sustainable food choices are reshaping the market landscape. Technological advancements in cheese production methods in countries like the UK, France, and Germany are expected to drive significant demand for fermented chymosin, facilitating innovations in cheese manufacturing processes.

Competitive Landscape

Key players in the fermented chymosin market include Hansen A/S, Koninklijke DSM N.V., Maysa Gida, Mayasan AS, and Nelson-Jameson, among others. These companies are focusing on strategic initiatives such as product innovation, expansion through acquisitions, and partnerships to strengthen their market position. For instance, DSM has dedicated resources to address global food challenges, emphasizing sustainable and innovative solutions in food production. 

Key Segments Profiled in the Fermented Chymosin Market Survey

By Form:

• Liquid
• Granules

By End Use:

• Food Processing
• Pharmaceutical Industry
• Foodservice/HoReCa (Hotels/Restaurants/Café)
• Household

By Sales Channel:

• Direct Sales
• Indirect Sales
• Hypermarkets/Supermarkets
• Wholesalers
• Specialty Stores
• Online Retailers

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• Middle East and Africa

Full Report Revealed

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global egg white cubes market is anticipated to create lucrative growth opportunities over the assessment period by registering a CAGR of 4.2% from 2022 to 2032. The global market was valued at US$ 296.3 Million in 2022 and is expected to surpass a valuation of US$ 541.7 Million in 2032. The growth in the market is attributed to the increasing usage of egg protein within the sports nutrition and bakery industries. Rising health consciousness among consumers is likely to augment sales of egg white cubes in the upcoming years. The surging development of egg protein powder with various flavors, such as strawberry, vanilla, and chocolate is a major factor that is set to push the global market.

Egg-white cubes are known to be innovative food products that allow people to cook several dishes in numerous types of ways, depending upon their taste requirements. In addition to that, these cubes do not contain a fishy odor which is why they can efficiently be used in a wide range of food preparations. Furthermore, egg white cubes are known for low-calorie content and zero cholesterol. These are often included in the daily diets of people. . The demand for egg white cubes is anticipated to surge at a rapid pace owing to their ability to provide amino acids that human bodies cannot produce.

Egg white cubes are gaining significant traction throughout the sports nutrition sector since they comprise high amounts of protein. Propelling the number of health-conscious consumers in both developed and developing countries is a crucial factor that is set to aid growth. Moreover, the launch of novel egg protein products, including health supplements to complement the paleo diet of athletes and health-conscious consumers is another factor that would push sales. Egg white cubes also help in increasing an individual’s muscle gain and initiating weight loss.

Key Takeaways

• The rising inclination of consumers toward product labels to get a clear picture of the quality and quantity of fats, nutrients, sugars, and several other ingredients utilized in packaged food items is predicted to bolster growth in the global market.
• Manufacturers these days are focusing on utilizing egg protein in both low in fat and nutritious items. Furthermore, the presence of one or more nutrients comprising riboflavin or vitamin D in egg white cubes can appeal to today’s health-conscious consumers.
• The creation of ample marketing scope for key players within the market is expected to boost growth over the assessment period. Furthermore, the launch of additive-free and natural egg white cubes by key players to satiate the needs of the sports nutrition sector is also expected to drive growth.
• Egg whites offer less choline, which is an essential nutrient required for efficient fat metabolism and cell communication. Whole eggs offer about 35% of the daily choline requirements, while egg whites provide only 2.7% milligrams of choline, which is less than 1% of the recommended regular intake.
• Egg whites are anticipated to deliver a small number of essential minerals. The whole egg is expected to provide milligrams of iron, whereas an egg white offers only 0.03 milligrams of iron. Additionally, egg whites lack vitamin B-12 which is otherwise found in whole eggs. Spurred by the aforementioned disadvantages, sales of egg white cubes may decline in the upcoming years.

Competitive Landscape

The global egg white cubes market is highly competitive and fragmented in nature. Attributing to the presence of various large and small-scale companies, the growth of the market is significant over the assessment period. The majority of the prominent companies are focusing on strengthening their presence by engaging in mergers and acquisitions. Some of the other companies are striving to establish partnerships with start-up players to create novel products and gain a competitive edge.

Key Companies Profiled

• SKM
• Copain
• Ovo Fit Eiprodukte
• Munax

Key Segments Profiled in the Egg White Cubes Industry Survey

By Distribution Channel:

• Hypermarkets & Supermarkets
• Online Channel
• Indirect Sales
• Convenience Stores
• Departmental Stores

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Gain Immediate Access to Detailed Market Insights Purchase Now

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global ginger beer market is poised for robust growth, projected to achieve a significant market valuation of US$ 10.1 billion by the end of 2033, driven by a moderate CAGR of 7.7% from 2023 onwards. This substantial growth presents lucrative opportunities for investors and stakeholders looking to capitalize on the evolving beverage trends and consumer preferences.

The escalating demand for low-alcohol and gluten-free beverages is a key driver propelling the ginger beer market forward. Health-conscious consumers are increasingly opting for ginger beer due to its perceived health benefits, including improved metabolism and alleviation of motion sickness. Market leaders such as G’s Hard Ginger Beer and Bundaberg are meeting this demand with innovative, organic, and vegan-friendly offerings, catering to a growing segment of health-conscious consumers.

Additionally, the rising popularity of ginger beer cocktails in restaurants, pubs, and clubs is expanding the beverage’s appeal, further boosting market growth. The versatility of ginger beer in both alcoholic and non-alcoholic formats is appealing to a broad consumer base, from millennials seeking flavored hard beverages to health enthusiasts opting for low-calorie options.

Key Takeaways

• The desire of consumers for distinctive and refreshing drinks is predicted to support the continuous growth of the ginger beer market in India, with a CAGR of 8.9% by 2033.
• The market for ginger beer in the U.K. is anticipated to grow rapidly, with a CAGR of 9.8% predicted by 2033 as customers warm to the distinct flavor and adaptability of beverages containing ginger.
• The rising popularity of beverages with ginger and China’s developing beverage sector is expected to increase the market for ginger beer at a CAGR of 7.6% by 2033.
• Australia’s ginger beer market is expected to expand moderately, with a CAGR of 1.6% by 2033, as people look for energizing and zesty substitutes for conventional carbonated drinks.
• The rising customer inclination for beverages with ginger flavoring and Japan’s developing beverage market is predicted to propel the market for ginger beer to increase at a CAGR of 2.8% by 2033 gradually.

Regional Insights

North America dominates the global ginger beer market, accounting for over 35% of the revenue share in 2021. The region’s strong consumer base in the USA and Canada, coupled with increasing health awareness, continues to drive market growth. Collaborations and strategic alliances among key players are further bolstering market expansion and product innovation in this region.

The Asia Pacific region is poised to experience above-average growth, anticipated at 8.4% CAGR during the forecast period. Growing consumer acceptance of ginger beer, supported by infrastructure developments in retail transportation, particularly in China and surrounding areas, is expected to fuel market growth significantly.

Market Segmentation Insights

• Product Preferences: Non-alcoholic ginger beer holds the largest revenue share, exceeding 75% in 2021, and is projected to maintain its dominance. The segment benefits from increasing demand for healthier beverage alternatives.
• Flavor Preferences: Flavored ginger beer dominates the market, contributing to over 60% of sales. The segment’s growth is driven by its versatility in cocktails and mixed drinks, appealing to a diverse consumer base.
• Distribution Channels: On-trade outlets, including pubs, nightclubs, and restaurants, historically dominated the market. However, the off-trade segment, encompassing supermarkets, retail shops, and online platforms, is growing rapidly, expected to achieve an 8% CAGR. This shift reflects evolving consumer shopping habits and the convenience of online purchasing.

Competitive Landscape and Recent Developments

The global ginger beer market is characterized by a fragmented competitive landscape with prominent players such as Crabbie’s Alcoholic Ginger Beer, Bundaberg Brewed Drinks, Fever-Tree, and Fentimans leading the market. These companies are actively engaging in strategic partnerships, product expansions, and innovative marketing initiatives to strengthen their market presence.

Major international beverage giants like Coca-Cola and PepsiCo have launched their brands in an effort to cash in on the growing popularity of ginger beer. To acquire a competitive advantage in the market, these well-established firms make use of their vast distribution networks, marketing prowess, and brand awareness.

Full Report Revealed

Recent developments

• A new line of low-alcohol seasonal organically fermented products, including 0.7 percent alcohol content ABV ginger beer, was introduced by Docker Brewery and Bakehouse Company.
• Tropical Ginger Beer, which would be available through a number of supply channels in the USA, was added to the Q Mixers Beverage Company’s product lineup.
• Ginger Brew Co. has released a variety of ginger beer flavors that mix unusual ingredients with conventional brewing techniques to provide a distinctive flavor profile. Consumers looking for a delicious and refreshing alternative to traditional soft drinks have been drawn to these.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
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The global tryptophan market is on a meteoric rise, projected to expand at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2032. This impressive growth trajectory is expected to elevate market revenues from USD 540.5 million in 2022 to an astounding USD 1,986 million by 2032. Investors and industry stakeholders should seize the opportunities presented by this burgeoning market, driven by increasing consumer awareness of health benefits and diverse applications across various sectors.

Key Drivers of Tryptophan Market Growth

The surge in demand for tryptophan is primarily fueled by heightened consumer awareness regarding the health benefits of dietary supplements. Tryptophan, an essential amino acid, plays a crucial role in overall growth, especially in infants, and is vital for producing and maintaining the body’s muscles, proteins, neurotransmitters, and enzymes. With the body unable to synthesize tryptophan, it must be obtained through diet, making it an indispensable component of nutritional intake.

One of the standout benefits of tryptophan is its role as a precursor to serotonin, an essential neurotransmitter that acts as an antidepressant and aids in sleep regulation. Studies have shown that higher dietary intake of tryptophan can significantly reduce irritability, depression, and anxiety, contributing to its growing popularity.

Expanding Applications Across Industries

The versatility of tryptophan extends beyond the healthcare sector, encompassing the animal feed industry, food and beverage industry, and cosmetics. In animal feed, tryptophan supplementation enhances feed intake and improves the appetite of livestock, particularly piglets, by boosting serotonin production. The cosmetic industry is also witnessing an uptick in tryptophan use, further driving market growth.

The growing health-conscious population, coupled with advancements in technology and modernization, are creating novel opportunities for tryptophan manufacturers. As consumers increasingly prioritize health and well-being, the demand for dietary supplements and fortified foods containing tryptophan is expected to soar.

Regional Market Dynamics

Regionally, North America holds the lion’s share of the global tryptophan market, driven by a rising number of health-conscious consumers and increased consumption of animal feed ingredients. The United States, in particular, has a substantial consumer base dedicated to healthy eating and active lifestyles, bolstering the demand for tryptophan. Europe follows closely, with a robust animal nutrition and feed industry contributing to higher consumption levels.

The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. This surge is attributed to significant developments in the food and beverage industry, animal nutrition, and niche applications in pharmaceuticals and cosmetics. The increasing expenditure on health products and the growing popularity of dietary supplements in the region are further propelling market expansion.

Challenges and Opportunities

While the tryptophan market presents lucrative opportunities, it also faces challenges such as potential side effects associated with tryptophan consumption and stringent government regulations. However, these challenges are outweighed by the myriad benefits and growing applications of tryptophan, positioning the market for robust growth.

Key Market Players

Prominent players in the tryptophan market include Ajinomoto Group, Cargill Inc., CJ CheilJedang Corporation, Kyowa Hakko Bio Co., Ltd., Penta Manufacturing Company, Daesang Corporation, ADM Company, Evonik, Novus International, and Glanbia Plc. These companies are at the forefront of innovation, continually exploring new ways to enhance the benefits and applications of tryptophan.

In June 2021, Evonik highlighted the ecological benefits of its feeding solutions for poultry and swine through a comparative life cycle assessment (LCA), showcasing the advantages of its feed amino acids and feeding concepts over generic animal nutrition practices.

Full Report Revealed

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube