Market Research Blog – Page 10905 – New Product Development

Floral Flavour Market : Notable Developments & Geographical Outlook 2022 to 2027

Surpassing global market revenues of US$ 850 Mn in 2019, sales of floral flavours will see momentous growth over the course of following years. During 2019 – 2027, global floral flavour market is poised for a CAGR of over 7%, as projected by a new Future Market Insights (FMI) study.

The floral flavour market is anticipated to grow at a moderate pace during the forecast period. As per the data found by our analysts, the increasing proclivity of consumers towards purchasing clean-label goods is likely to lead to an uptick in the demand for the naturally-sourced ingredients that floral flavours are.

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Consumers are showing an aversion towards artificial flavourings while resonating with colour-enhancing and flavour-inducing natural and organic floral flavour. As a result, the demand for these flavours is likely to grow during the forecast period. Owing to this demand, the focus of manufacturers is on the development of floral products that are free from chemicals as well as artificial flavourings.

Consumers are showing interest in unconventional and authentic flavours in their food and beverage products offering unique mouthfeel. The number of products containing floral flavours has increased multifold from 2015-2018, as they account for a sensorial effect and deliver novel and interesting taste experiences to consumers.

Key Takeaways – Floral Flavour Market Study

Consumers seek products that have their roots in a pre-industrialized food system that is centered around whole, natural, and unrefined ingredients. Floral flavours match the growing consumer’s interests in authenticity of their products. Thus, floral flavours are witnessing a surge in demand.
In 2019, Firmenich SA, a privately-owned flavour and fragrance company, declared hibiscus as the Flavour of the Year, based on the increasing appeal of usage of hibiscus in food and drinks. Hibiscus is gaining traction in the flora flavour industry due to its appealing attributes, like the pleasant aroma coupled with a touch of tangy profile.
Besides, the hibiscus-based floral flavour is gaining popularity in applications such as beer, yogurt, chocolates, and tea, especially in the United States, Mexico, Brazil, and Denmark, with growth also taking place in Italy and Spain.
Beverages sector contributes more than half of the total floral flavour market share. Floral flavours are appearing in revitalizing, healthy product launches. Lavender, rose, jasmine, elderflower, and hibiscus flavours are witnessing significant demand, predominantly for use in soft drinks.
Frequent new launches in the alcoholic beverages category are progressively featuring floral flavours to gain greater consumer traction and achieve marketing differentiation.
Europe and North America will be significant in the global floral flavours market over the forecast period. The demand for floral flavours has especially impacted the European flavour industry.

Consumers are increasingly looking for healthier, authentic, and natural-tasting infused beverages, fusion drinks, and floral-infused RTD coffee. Thus, new entrants seeking to establish their position in the floral flavours market must focus their efforts on the beverage industry.

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Botanicals Trending Floral Flavour Space

New floral flavours are emerging to witness increasing demand from the food and beverage industry. With an increasing assortment of floral flavoured mixers and edible flowers, food and beverage manufacturers are experimenting with amalgamation of floral flavours to eventually create unique recipes. The increase witnessed in manufacturers’ investments into floral flavours is indicative of the fact that the botanical flavour trend is here to stay in the long run.

Europe Remains Important Market for Investors

European markets are rapidly witnessing new product launches featuring infused floral flavours in vast products ranging from chocolates, snacks, yogurts, beverages, and many more. In the United Kingdom, Rowntree released fruit and flower-infused pastilles, whereas, in Germany, Alpro launched orange blossom-flavoured apricot soy yogurt. Fermè, an Italian fruit supplier company, launched vegan cheese with fermented cashews preparation, infused with flowers and herbs in the U.K.

Manufacturers Augmenting R&D Investments to Develop Application-specific Flavours

Key players operating in the flavour industry are investing more in research and development activities to upscale their floral flavour production capacity and to provide consumers with unique blends of floral flavours. Flavour manufacturers are strengthening their partnership with end-user industries to meet the growing demand for innovation in food and drink offerings.

In April 2016, Givaudan S.A., a leading flavour manufacturing company in Switzerland invested US$ 126Mn to open an innovation center in Switzerland.
In July 2016, Takasago International Corporation invested towards a new development center for flavours and fragrances in Mexico, to enhance its product portfolio and presence in Latin America.

Know More About What the Report Covers

Future Market Insights, in its new offering, provides an unbiased analysis of the global floral flavours market, presenting historical demand data (2016-2018) and forecast statistics for the period from 2019-2027. The study divulges compelling insights on the floral flavours market based on the raw material (hibiscus, lavender, neroli/orange flower, rose, elderflower, jasmine, cherry blossom, chamomile, and violette), end-use (food- dairy, bakery, confectionaries, snacks, fats and oils, and beverages- alcoholic beverages and non-alcoholic beverages), and product type (natural, organic, and artificial) across seven major regions.

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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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Asparagus Market | 2022 Research, Segmentation, Key Players Analysis and Forecast to 2027

Key excerpts from Future Market Insights’ latest report on the global asparagus market project that by the end of 2027, around 10,300,521.7 metric tonnes (MT) of asparagus will be consumed across the globe. The sales of 10 million MT of asparagus are estimated to bring in revenues worth over US$ 37 Bn. Rising awareness among consumers regarding benefits of consuming asparagus is expected to instrument the growth in global consumption. By helping consumers boost their immunity, enhance brain function, and at certain extent, fight cancer, asparagus will continue to be an essential vegetable rich in nutrients.

Asparagus is actively sought by major companies as a key ingredient in soups on account of its nutritive properties and palatable taste. Asparagus is widely predicted to become the primary choice in the soup manufacturing industry as many companies already make soup with asparagus and this is only expected to grow in the future.

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In terms of production, China is expected to remain the world’s largest asparagus producer throughout the forecast period, 2017-2027. In 2014, China recorded production of half a million metric tonnes of asparagus. China’s contribution to the asparagus market in Asia-Pacific will remain significant. However, brimming demand for asparagus makes Western Europe the largest market, procuring over 40% share of global revenues. North America is also expected to be at the forefront of expansion of the global asparagus market, recording consumption of nearly 2 million MT of asparagus by 2016-end.

Key Segments Covered

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan

By Type

Fresh
Canned
Frozen

By Colour

White
Green

In spite of ample production and growing awareness regarding benefits of asparagus, the market is poised to grow at a moderate place. In terms of volume, the market is projected to showcase a 2.2% CAGR, while global asparagus revenues are projected to soar sluggishly at 3.1% CAGR during the forecast period. The report, titled “Asparagus Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” has identifies key restraints for the growth of global asparagus sales, which include:

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Farmers Opting for Direct Marketing – Farmers cultivating asparagus sell their produce by themselves, through traditional village bazaars and roadside outlets. Large and small restaurants as well as common consumers are also preferring to purchase this farm-fresh asparagus through direct marketing of farmers. This practice is impacting the global asparagus sales, but at a moderate extent.
High Costs for Processing & Storage of Asparagus – The most crucial inhibitor for growth of global asparagus sales is the need for higher capital investment in storage and processing of asparagus. Cost of packaging, cooling and transportation is relatively high, which reduces the price per pound of asparagus. Reduction in price per pound further leads to monetary losses for manufacturers. Processed asparagus, such as asparagus in brine, soups, mixed vegetable products etc., being sold at higher cost price, is expected to result in lower uptake among some sections of consumers in the world.

Leading manufacturers of asparagus include: Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, THIERMANN SPAGEL FARM, ILIOS – The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.

Additional Highlights from the Report –

By the end of 2017, the report estimates that over 8.2 million MT of asparagus will consumed globally, raking in US$ 27.7 Bn revenues
Towards the end of 2027, over three-fourth of global revenues will be accounted by sales of fresh asparagus
Likewise, green asparagus will also hold 75% share of global revenues throughout the forecast period, registering revenue growth at 3.3% CAGR

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Natural Language Processing NLP Market is Predicted to Reach US$ 45 Billion by 2032

By 2032, the market for natural language processing (NLP) is expected to reach US$ 45 billion, growing at a CAGR of 23%. (2022-2032). The total market sales for NLP are projected to increase by 3.8x and reach more than US$ 14 Bn.

North America holds the largest market share. The increasing usage of NLP in end-user industries is responsible for the growing demand of the product. The high rate of adoption of advance technologies and developments in infrastructure are the primary reasons responsible for the market growth. Asia-Pacific is expected to grow at a lucrative rate owing to the growing use of AI and ML technologies in the region.

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Key players in the natural language processing (NLP) market are Alphabet Inc., IBM Corporation, Amazon Web Services Inc., 3M Company, Microsoft Corporation, Apple Inc., Dolbey Systems, Inc., Veritone Inc., Facebook Inc., Health Fidelity Inc., SAS Institute Inc., Intel Corporation, Linguamatics Ltd., Bitext Innovations, Conversica Inc., Automated Insights Inc., Narrative Science, Inbenta Technologies Inc., SparkCognition and others. In October 2019, Facebook AI released a dataset which had coding questions along with the code snippet answers, which will be interpreting code search systems.

The deployment mode segment includes on-premise and cloud. Cloud segment holds the largest market share owing to it’s flexible and scalable characteristics for analysis of big data. It also helps the users to analyze the multi-lingual content and web contents.

The vendors prefer cloud-based NLP initiatives for their business. Thus, it is expected to grow at a prospering rate. The component segment includes solutions and services. The solutions further include software tools and platform. The services further include managed services and professional services. Solutions are the major sub-segment. The perceived benefits have increased the usage of NLP solutions around the world.

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The demand for customized solutions has resulted in the market growth of the segment. The type segment includes rule-based NLP, hybrid NLP and statistical NLP. Statistical NLP is the more preferred type. It uses statistical and probabilistic methods for solving various contents. It is more accurate as it is based upon certain numeric analysis.

The technology segment includes optical character recognition (OCR), interactive voice response (IVR), text analytics, speech analytics, auto coding, classification and characterization and pattern & image recognition. Among these, text analytics is the dominant technology. It is gaining importance in a variety of fields like retail, marketing, finance, etc.

This technology helps to break down heaps of texts and filter out some useful extracts. The organization size segment includes small & medium organizations and large organizations. NLPs are more useful in large organizations. Thus, large organizations constitute major shares of the growth. These organizations have huge data which is needed to be processed. The large capacity demands for extensive applications like NLPs.

The application segment includes machine translation, information extraction, question answering, text classification, report generation, sentiment analysis, language identification, spam recognition and others. Machine translation is the dominant application.

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The NLPs are majorly used for the conversion of human language into the machine language. The data entered in the system is majorly in the natural languages, and thus it is converted into machine language for processing. The end-user segment includes banking financial services & insurance (BFSI), healthcare and life sciences, manufacturing, retail & e-commerce, government & defence, media & entertainment, education & research, automotive, electronics, telecommunications & IT, travel & hospitality and others.

BFSI holds the largest market share. BFSI has the most significant applications of NLPs. This sector deals with an enormous amount of data available in the natural language. Further, the growing need of text analytics and speech analytics in the sector has increased the use of NLP.

Natural language processing market will go a long way in the AI field. It has helped businesses to sort huge data and avoid any complications. The immense applicability has helped the product to penetrate different end-user industries. The ongoing technological developments will help the market to grow further during the upcoming years.

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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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IQF Vegetables Market Key Players, End User, Demand and Consumption by 2031

Buyer mindfulness is on the ascent with respect to the utilization of IQF vegetables through different food applications. Most locales are seeing a flood popular because of the healthful advantages of IQF vegetables. As per another report by Future Market Insights (FMI) the IQF vegetables market is set to show a moderate CAGR of 4.5%, arriving at a US$ 2.4 billion valuation before the finish of the appraisal time frame.

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The independently fast frozen (IQF) vegetable market is conjecture to display consistent development, with its general valuation arriving at US$ 1,560.1 Mn in 2021. According to Future Market Insights (FMI) investigation, IQF vegetable deals are relied upon to flood at 4.5% CAGR throughout the evaluation time frame, from 2021 to 2031.

Key Players: B&G Foods Holdings Corp., Capricorn Food Products India Ltd, ConAgra Foods, Inc, Dole Food Co., Greenyard NV, J.R. Simplot Co., Kerry Group Plc., Pinnacle Foods, Inc., SunOpta Inc., Uren Food Group Limited, and other.

Key Takeaways from the IQF Vegetable Market Study

The U.K and Germany have been figure to hold 38.2% offer in the Europe market in 2021.
GCC nations are relied upon to observe the most elevated Y-o-Y development rate going from 5.4% to 10.2% from 2021-2031, supported by interests in industry foundation.
IQF tomato items are relied upon to reflect solid development, upheld by certain customer insight towards puree items.
Broccoli and cauliflower items will enroll a CAGR of 5.1%, supported by request in the food administration area across Europe and North America.
India and China will arise as high expected market, upheld by an immense customer base, but being confined by insufficient virus chain foundation.

“IQF innovation has set out an original development open doors in the frozen food ecosphere. Vegetables handled by IQF innovation have longer timeframes of realistic usability. The undeniably quick moving ways of life of average purchasers have brought about popularity for accommodation food varieties, which thusly has helped the IQF vegetable market develop through 2021,” says a lead examiner at FMI

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IQF Vegetable Market by Category

By Type:

Beans
Peas
Corn and Baby Corn
Broccoli and Cauliflower
Potato
Onion
Tomato
Carrot

By Application:

Food

Bakery, Confectionary & Snack Food
Dairy & Dessert
Cooking food
Ready to Eat Food

Beverage

Juice
Other Non-alcoholic Beverages

Concentrate

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Sourdough Market 2022 Comprehensive Shares, Historical Trends And Forecast By 2027

The US$ 3.2 Bn sourdough market will continue to be positively influenced by increasing application in bread production. Of the US$ 3.2 Bn worth of sourdough sold in 2016, demand from the bread segment totalled US$ 2.36 Bn. This segment is projected to increase at a US$ 6.17 Bn through 2026 at CAGR of 6.8%. The dominance of the bread segment can be gauged from the fact that other key application segments – pizza, buns, cakes, cookies, and waffles & pancakes – collectively accounted for nearly 27% revenue share.

Western Europe continues to the largest market for sourdough, accounting for nearly 38% share of total revenues in 2016. Adoption of sourdough in Western Europe food manufacturing units continues to remain strong.

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Future Market Insights estimates the Western Europe sourdough market to increase at a CAGR of 7.1% through 2026. In terms of revenues, the market is projected to grow 2X from its 2016 market valuation of US$ 1.21 Bn. In terms of volume, over 552 thousand tonnes of sourdough was sold in 2016; FMI estimates it to reach over 975 thousand tonnes in 2026.

Opportunities in the Global Sourdough Market

Increasing demand for clean-label products has presented a lucrative opportunity for businesses
Use of sourdough is also gaining traction owing to its application in preparation of foods that require fermentation

Key Supply-side and Demand-side Drivers

According to Future Market Insights’ report, demand for sourdough is increasing on account of its beneficial functional properties. Its property of enhancing flavour and texture is a key factor for its applications in the F&B sector, especially bakery sector
Increase in the number of artisan bakeries is positively influencing the demand for sourdough. Particularly high demand for type 1 sourdough – made using only wild yeasts – is being witnessed in artisan bakeries
Availability of sourdough products on e-commerce stores is also contributing to increasing sales
Growing demand for sourdough from the fast food and bakery sector is creating sizeable growth opportunities for manufacturers

High cost of sourdough products is a major impediment to their widespread adoption in developing countries.

Key Trends Expected to Shape Global Sourdough Market

Dehydrated sourdough (Type III) is gaining traction in the bakery industry. Freeze-drying remains the preferred dehydration technique for manufacturers.
Manufacturers are using devitalised sourdough for enhancing the aroma of products. Devitalised sourdough does not contain live organisms, enhancing its use as an aromatic agent
Consumer demand for healthy food products has resulted into the launch of chocolate sourdough loaves. Further, Future Market Insights identified increasing use of type I sourdough.

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Sourdough Market Forecast and Analysis by Starter Culture

Type III starter culture currently accounts for nearly half of the revenue share of the global sourdough market. Over 773 thousand tonnes of sourdough was sold in 2016; by the end of the forecast period, Future Market Insights estimates global volumes to surpass 1.3 million tonnes.

Key companies profiled by Future Market Insights in its report include Puratos NV, Ernst Böcker GmbH & Co. KG, IREKS GmbH, Kampffmeyer Mühlen GmbH, Philibert Saveurs, Lesaffre, Dilbeek, Minden, Kulmbach, Hamburg, Pont-de-Veyle, and Marcq-en-Barœul.

Future Market Insights maintains a positive outlook on the global sourdough market, projecting it to grow by 6.8% CAGR through 2026 in terms of value. In terms of volume, demand is projected to grow at 5.5% CAGR.

Key segments covered in the global sourdough market report

By Application

Bread
Pizza
Buns
Cakes
Cookies
Waffles and Pancakes
Others

By Region

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

By Starter Culture

Type I
Type II
Type III

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Specialty Malt Market 2022 Research, Segmentation, Key Players Analysis and Forecast to 2032

The specialty malt market was valued at USD 2,800 million in 2021, and it is predicted to increase at a CAGR of 3.6% from 2022 – to 2032, attaining a market value of USD 3988 million. Among the sources of specialty malt, barley is by far the most common grain used in malting for a range of applications.

Specialty malt is used on a large scale in a number of important food and beverage businesses. In the brewing of beer and the creation of malt-based beverages, specialty malt plays a crucial role. It’s widely used in alcoholic beverages as a flavouring and colouring agent, and it’s in high demand. The primary driver of specialty malt market growth is increased use of malt-based alcoholic and non-alcoholic beverages. Furthermore, increased consumption of malt-based beverages in developing markets such as India and China has fuelled growth.

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Key Takeaways:

The specialty malt market was valued at USD 2,800 million in 2021, and it is predicted to increase at a CAGR of 3.6 percent from 2021 to 2032, reaching a market value of USD 3988 million.
Specialty malt is used on a large scale in a variety of key food and beverage businesses. In the brewing of beer and the creation of malt-based beverages, specialty malt plays a crucial role.
The Specialty Malt market is predicted to be worth USD 191 million, with a 22 percent market share.
China grew at a spectacular 6.9% compound annual growth rate (CAGR). China has a market value of USD 307 million and a market share of 32% in the specialty malt.
With a market share of 65 percent, the U.S is one of the world’s largest marketplaces for malt beverages, with a total market value of USD 691.6 million.

“Changing taste and preference and inclination towards alcoholic beverage made of specialty malt is likely to boost the growth of specialty malt market. There are many application other than being used as a major component in alcoholic beverage like application of maltose as sweeteners in various food industries to replace sugar which is better option for consumer who are health conscious,” says a lead analyst at Future Market Insights.

Competitive Landscape:

The distribution network is a challenge for specialty malt producers. The most significant concern is the squeeze on manufacturers’ profit margins, as retail retailers deliver products with reduced profitability even when no reductions are offered. At the same time, retailers are increasing their demands for more frequent delivery from local producers in order to cut their warehousing costs. Malts are commonly used in distilleries to make spirits, whiskey, and other alcoholic beverages. The increasing usage of malt in brewers and distilleries, together with the expanding demand for flavoured whiskeys around the world, is driving the rise of the alcoholic drinks market.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an unbiased analysis of the global Specialty Malt market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Segmentation of Specialty Malt Market

By Application:

Distilling
Brewing
Baking
Non-Alcoholic Malt beverages

By Source:

Barley
Rye
Wheat

By Form:

Dry Specialty Malts
Liquid Specialty Malts

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Hyperlocal Grocery Delivery Market likely to grow at a Promising CAGR of 7.8% Between 2022 and 2032

As per the market analysis at FMI, the hyperlocal grocery Delivery market is valued at US$ 38.5 Billion in 2022 and is likely to reach US$ 81.5 billion by 2032, flourishing at a promising CAGR of 7.8%.

Being prevalent in consumer and local retail stores, hyperlocal grocery delivery platforms have gained popularity within the millennial generation while wooing the elder people by delivering groceries at their doorsteps.

Hyperlocal markets cover a certain distance, providing goods and services while hyperlocal grocery delivery platforms deliver groceries in nearby localities. The great speed, online payment integration, discounts and availability of major products are attributed to the adoption of hyperlocal grocery delivery platforms.

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The popularity of hyperlocal grocery delivery platforms amongst the elderly class is prevalent as it’s hard for them to go out and buy groceries and transport it all to their residence. Hyperlocal grocery delivery platforms help in delivering the market growth, especially after the advent of covid-19

The growing delivery services along with discounts and free home delivery services are pushing the end users to adopt or switch to hyperlocal grocery delivery platforms, rapidly digitizing the goods and services space.

The hyperlocal grocery delivery platforms have also given a second life to the local vendors and supermarkets, especially during the peak of the pandemic.

Key Takeaways:

The hyperlocal grocery delivery market is divided into Food Type, Business Model, Delivery Type, Payment Method, Preferred Location, Order type and Purchaser type.
The hyperlocal grocery delivery market outlook defines its delivery type categories into Click-and-collect and Home Delivery. The leading segment in the delivery type category is home delivery segment.
Global trends in the hyperlocal grocery delivery market are the faster in-time delivery, navigation systems and online payment options set up the latest trends for the hyperlocal grocery delivery market.
The key behind the good strategy of vendors is to provide the user with better use experience. This pushes the sales of hyperlocal grocery delivery system. New advanced smartphone apps are also helping the hyperlocal grocery delivery market gain traction.

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Competitive Landscape:

Some of the hyperlocal grocery delivery market key players listed in the study are Gofers India Private Limited, Asfortask Inc, Just Eat Takeaway, Uber Technologies and Instacart.

Recent Developments

Gofers India Private Limited has improved its payment options along with utmost trust prospects and safety options. These fuels the sales of other grocery delivery platforms.
Asfortask Inc has introduced the use of trust and safety and an option of flexible rescheduling that allows the end user to cancel their order 24 hours before the task due date, pushing the sales of hyperlocal grocery delivery platforms.

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Key Segments:

By Food Type:

Fresh Food
- Delicatesses & Ready Meal
- Butchery & Poultry
- Bakery & Pastry, Fruits & Vegetable,
- Fishery, Dairy & Eggs
Groceries
- Organic & Free-From
- Beverages, Food Cupboard

By Business Model:

Single Store Model,
Store Pick Model,
Hybrid Model,
Aggregator Model

By Purchaser Type:

One Time Purchase
Subscription

By Delivery Type:

Click-to-click Collect
Home Delivery

By End User:

Individual
Distributor – Large Enterprises and SME

By Region:

United States
United Kingdom
China
Japan
South Korea

Vitamin D Ingredients Market 2022 Expectations & Growth Trends Highlighted Until 2032

The Vitamin D Ingredients Market is valued at US$ 1.46 Billion in 2021. The market is likely to grow at a CAGR of 10% through 2026, reaching US$ 2.37 Bn by 2026.

The Vitamin D3 sector is predicted to have a greater weighted average volume than the Vitamin D2 components section and, the segment is likely to grow at a CAGR of 12.01% through 2026.

In terms of value, the Western Europe vitamin D ingredients market is predicted to grow at a 13.6% CAGR, followed by the Eastern Europe vitamin D ingredients market.

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Consumption of vitamin D beverages containing vitamin D ingredients such as fortified drinks, juices and water is on the rise, owing to this preference factor. Beverages are easy to consume as compared to food products and customers perceive beverages as easy to drink and digest. They can also be transported easily in bottles and consumed at any place.

As per the report, globally, the value and volume share contribution of the fish source segment to the overall market revenue is expected to witness significant growth as compared to other source segments. This growth can be attributed to the ease in the production of vitamin D ingredients from fish. Fish contain quite a large amount of vitamin D as compared to other natural sources, which makes them a competent raw material for the production of vitamin D ingredients. The growth of the fish source segment can also be attributed to the strong demand for vitamin D from North America and Europe and growing demand in APEJ countries.

Globally, the value and volume share contribution of the powder form segment to the overall market revenue is expected to witness significant growth as compared to other form segments. This growth can be attributed to the strong demand for vitamin D powder in North America, Europe and Japan and the growing demand in APEJ and MEA countries. In terms of market value, revenue from the powder segment is expected to expand at a CAGR of 12.42% between 2016 and 2026, whereas that from the liquid segment is expected to expand at a CAGR of 8.88% in terms of value over the forecast period.

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Key Segments Covered

By Product Type

Vitamin D3
Vitamin D2

By Source

Milk
Eggs
Fish
Animals
Plant, Fruits and Vegetables
Others (Microalgae, Fungi, Yeast, Plants etc.)

By Application

Pharmaceuticals
Food
Beverages
Cosmetics
Animal Feed and Pet Food
Others

By Form

Powder
Resin
Liquid

Key Regions/Countries Covered

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

Key Questions Answered in the Report

What is the size of Vitamin D Ingredients Market?

The Vitamin D Ingredients Market is valued at US$ 1.47 Billion in 2021 with an expected CAGR of 10.02% through 2026, reaching US$ 2.37 Bn.

Which are the leading companies in Vitamin D Ingredients Market?

Key players in the Vitamin D Ingredients Market include BASF SE, Dishman Netherland B.V., Barr Pharmaceuticals, LycoRed Limited, Zhejiang Garden Bio-Chemical High-tech Company Limited.

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Acerola Extract Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2026

Future Market Insights delivers key insights on the global acerola extract market in a new publication titled “Acerola Extract Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.” The global acerola extract market is projected to witness a robust 8.5% CAGR in terms of value during the forecasted period (2016-2026). The growth of the global acerola extract market is influenced by several drivers and trends, of which Future Market Insights provides useful insights in this report.

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Globally rising levels of diabetes, obesity, and cardiac issues have shifted consumer focus towards natural, fruit-based, and healthy products. This is well reflected in the recent emergence of ‘superfruits’, a term that refers to highly nutritious fruits. Acerola and its derivatives fit well into this context, given the fruits’ impressive nutrient profile. Apart from Vitamin C, acerola is rich in pectin, pectolytic enzymes, carotenoids, fibre, Vitamin B, proteins, and other salts. Additionally, acerola extract contains relatively low calories and exhibits a fat-free nature, which further enhances its nutritional profile. Acerola extract has found wide opportunities in the cosmetics industry due to its ability to provide several skin related benefits, much of which is centred on its high Vitamin C concentration. It acts as an antioxidant and prevents free radicals that can cause skin aging; brightens the skin tone; and increases the skin’s ability to retain moisture. These factors are expected to boost acerola extract demand and subsequently boost the global acerola extract market growth in terms of revenue over the forecast period.

Segmentation highlights

The global acerola extract market is segmented on the basis of Product Form (Powder, Liquid) and Application (Beverages, Food Supplements, Meat Preservation, Snacks, Bakery Preservation, Confectionery Products, Others).

The Powder segment is anticipated to be valued at US$ 5,057.5 Mn by 2016 end and is projected to expand at a CAGR of 8.6% during 2016 – 2026
The Food Supplements application segment is anticipated to be valued at US$ 2,102.1 Mn by 2016 end. The Food Supplements application segment is anticipated to witness a CAGR of 8.7% between 2016 and 2026. The Beverages application segment is projected to create absolute $ opportunity of US$ 126.2 Mn in 2016 over 2015

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Regional market projections

The global acerola extract market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. The North America acerola extract market was valued at US$ 1,728 Mn in 2015, which is likely to increase at a CAGR of 8.1% during the assessed period to reach US$ 2,715.6 Mn by the end of 2021. Increasing use in pharmaceutical applications is driving the North America acerola extract market. The APEJ acerola extract market is expected to be valued at US$ 2,835.6 Mn by the end of 2026. Increasing supply chain and production facilities in APEJ are anticipated to drive revenue growth of the market.

Vendor insights

The global acerola extract market report features some of the leading companies operational in the worldwide market. Companies profiled in the report include Nature’s Power Nutraceuticals Corp., Niagro, Naturex, Nutrilite (Amway), Duas Rodas Industrial, Diana Naturals, Nichirei Corporation, iTi Tropicals, NutriBotanica, Vita Forte Inc., Florida Food, Inc., Optimally Organic, The Green Labs LLC, Blue Macaw Flora, and Amazonia Exportacao E Representacao. Top market companies are focussing on expanding their supply chain network globally and are producing and supplying products in partnership with local players to enhance their sales and distribution network.

Market segmentation

By Product Form:

Powder
Liquid

By Application:

Food Supplements
Beverages
Confectionery Products
Snacks
Meat Preservation
Bakery Preservation
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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Citric Acid Market Research Report 2022 – Forecast till 2032

Citric acid is rapidly gaining popularity with demand rising considerably from multiple industrial end users, especially with a growing focus on clean label trends in the food and beverage industry. According to a report by Future Market Insights (FMI), the niche applications in pharmaceuticals and animal feed products will bolster sales and create lucrative opportunities between 2021 and 2031. According to the study the market sales revenue is expected to rise at more than 4.5% CAGR through the end of the forecast period in 2031.

Investments into the development of modern production technologies are positively influencing the rise in advanced offerings, while also cutting down costs. Emerging economies in particular including India and China will prove to be lucrative markets owing to easy access and low costs of raw materials.

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Players in the citric acid market are expected to face challenges in terms of fluctuating costs, and changes in yield from natural sources which could impact profitability in the industry. However, the wide range of end use applications will play a key role in sustained growth for the market for the foreseeable future.

Key Takeaways from the Citric Acid Market Study

Powder forms of citric acid will hold the lead accounting for more than 60% of the global market in 2021.
Food & beverage applications of citric acid continue to dominate the market landscape, with impetus from use as additives and ingredients in dietary supplements.
United States the U.S. will emerge as a major market for citric acid, driven by demand from the food processing and pharmaceutical sector in the country.
Germany will showcase lucrative opportunities driven by increased levels of consumer awareness in digestive health.
China is projected to reflect relatively higher levels of growth owing to higher levels of lifestyle-based ailments, especially amidst the vast geriatric Chinese demographic.

“The global citric acid market will witness substantial growth, with rising demand as a key intergradient in food & beverages, pharmaceuticals, personal care products and more. Furthermore, the increasing demand for organic food additives which is caused by the higher degree of consumer health awareness will prove to be a very important factor positively influencing market growth throughout the assessment period,” says the FMI analyst.

Application of Citric Acid in Pharmaceuticals Creating Growth Opportunities

Growing interest in natural ingredients in pharmaceutical offerings, has increased the demand for citric acid. The material is considered to be an effective and financially viable excipient, with minimal risk of side effects in the human body. Leading players are exploring niche opportunities by widening their portfolio in the pharma sector.

The powder form of pharmaceutical grade citric acid will primarily find use in medicine production. Also, consumers are increasingly likely to spend on pharmaceutical products with clean label certifications. Better health outcomes are expected to result in higher levels of citric acid being incorporated in terms of pharmaceutical safety standard parameters. This is a key factor positively influencing the use of citric acid products.

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Who is Winning?

Leading companies operating in the citric acid market are increasingly focused on investing into research and development to widen the scope of applications for citric acid products. In addition, manufacturers are also pushing towards strategic divestment and acquisition of assets to optimize profitability as per demand, with a growing interest in emerging economies.

Some of the leading players in the citric acid market include but are not limited to Shandong Juxian Hongde Citric Acid Co. Ltd., Archer Daniels Midland Company, Basel, Jungbunzlauer Suisse AG, Cargill Incorporated, Delek Group, Tate & Lyle plc., Weifang Ensign Industry Co., Ltd., RZBC GROUP, COFCO Biochemical (AnHui) Co. Ltd., and Pfizer Inc.

Get Valuable Insights on the Citric Acid Market

Future Market Insights, in its new offering, provides an unbiased analysis of the citric acid market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the citric acid market based on application (acidulant, cleaning agent, binding agent, preservative, and others), by form (Powder and Liquid), By grade (food grade, industrial grade, and pharmaceutical grade), and by end use (food & beverages, pharmaceutical, animal feed, personal care, metal finishing & cleaning, and others) across seven major regions.

Key Segments Profiled in the Citric Acid Market Industry Survey

Citric Acid Market by Application:

Acidulant
Cleaning agent
Binding Agent
Preservative
Others

Citric Acid Market by Form:

Liquid Citric Acid
Powder Citric Acid
- Anhydrous
- Monohydrous

Citric Acid Market by Grade:

Food Grade Citric Acid
Industrial Grade Citric Acid
Pharmaceutical Grade Citric Acid

Citric Acid Market by End Use:

Citric Acid for Food & Beverages
- Bakery & Confectionary
- Dairy
- Convenience Food
- Beverages
- Jams & Preserves
- Others
Citric Acid for Pharmaceuticals
Citric Acid for Animal Feed
Citric Acid for Personal Care
Citric Acid for Metal Finishing & Cleaning
Others