Market Research Blog – Page 11118 – New Product Development

Hand Sanitizer Market to Reach at 1.62 USD Bn in 2022 and 2.81 USD Bn in 2030

The Hand Sanitizer Market is projected at 1.62 USD billion in 2022 and is projected to reach 2.81 USD billion by 2030, at a CAGR of 6.59% from 2015 to 2030. Share of Hand Sanitizer market in its parent market (Health Care market) is approximately ~2.0%-5.0%.

Presently, the coronavirus outbreak across the globe has resulted in soaring sales of hand sanitizers as they help reducing the risk of catching certain bacteria and infections. In addition to this, the rising awareness about benefits of hand hygiene practice among people across the globe will fuel demand in the market.

Additionally, campaigns by governments and several businesses to raise awareness of the precautions that should be followed during a coronavirus outbreak have had a favourable impact on hand sanitizer sales all around the world.

Since the virus’s breakout, sales of hand sanitizers have increased significantly for both big and small businesses. For the creation of hand sanitizer, several governments around the world have also granted licences to new producers, the sugar and distillery industries, and they have assisted them in streamlining the supply chain process to meet the rising demand.

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Covid-19 which had started in China, is now labelled as a pandemic worldwide. As of 7th April, 2020, the total positive cases recorded across the globe were 1.3 Mn and 76,344 total number of deaths. It has effected 209 countries and territories so far. Except essential products and services, all businesses are temporarily under lockdown which is impacting the global economy. Online retailers also face various challenges in product delivery due to country lockdown, and low stock availability.

However, initiatives taken by various governments’ across the globe to create awareness among people and check the growth rate of people getting infected. This shows positive sign of regularity in coming quarter for few countries such as China, India etc.

On the back of these factors, the global hand sanitizer market is estimated to be valued at ~US$ 1.62 Bn in 2022 and expected to expand at 7.14% CAGR during the forecast period of 2022-2030.

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Key Takeaways from the Hand Sanitizer Market Study

North America is expected to dominate the global hand sanitizer market owing to rise in prevalence of COVID-19 disease among people in US and states. Moreover, the healthcare facilities are installing new hand hygiene technology and relying on it to change hand hygiene behaviour among staff and visitors, are the factors driving the hand sanitizer market in the region.
East Asia is expected to retain its dominance in the global hand sanitizer market, due to expanding government initiatives to promote the usage of hand hygiene products in order to reduce infections along with increase product availability at hospitals and other healthcare centres in the region.
According to the report, prominent players and new manufacturers have significantly increased their production capacity to ensure the continuous supplies of hand sanitizer across the globe due to the rise in demand for such products among households, hospitals, and other healthcare facilities.

Packaging, a Key To Brand Differentiation to Propel Hand Sanitizer Sales

People are likely to be more attracted to innovative packaging of hand sanitizers as compared to impact of key ingredient in the products. Thus, innovative packaging design, new product colour is expected to boost sales of the hand sanitizer worldwide. Unilever PLC, Henkel AG & Company, KGaA and other companies uses attractive packaging strategy to increase their sales of hand sanitizers.

In addition, with the increasing adoption of hand sanitizer among people manufacturers are now focused on selling premium hand sanitizer to expand their product portfolio and market share. The premium hand sanitizer with key ingredients and different functionality including moisturizing, germ killing, fragrances, and many more is significantly taking retail space across the globe. Moreover, people are now ready to spend on premium sanitizer due to their high concern for health.

“Due to SARS and MERS coronavirus outbreak various organizations have significantly shifted their production line to produce alcohol based hand sanitizer. Moreover, prominent raw material suppliers have also increased their production capacity to develop ethanol or ethyl alcohol, and Isopropyl ingredient to support the production of hand sanitizer worldwide,” says an FMI analyst.

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Who is winning?

Some of the key players operating in the hand sanitizer market are The Procter and Gamble Company, Gojo industry Inc., Reckitt Benckiser Group PLC, Best sanitizers Inc., The Himalaya Drug Company, Henkel Corporation, Unilever, Kutol Products Company, Linkwell Corporation, Vi-Jon Laboratories, Inc., Chattem Inc., Cossmic Products, Carroll Company, Seatex Ltd., and Guangzhou Beaver Cosmetic Co., Ltd.

Several leading hand sanitizer players are launching new innovative products with multiple features due to increasing consumer interest in chemical free products and significantly focuses on promotional activities to create awareness among people. At present, manufacturers are focusing on increase in production capacity to have a surplus inventory and cope up with growing market demand as well as increase product availability in the retail shelf space.

In March 2020, The Procter and Gamble Company has increased its production capacity and distribution of hand sanitizer in five manufacturing facilities around the globe. In the coming days, company’s production facility will expand to five additional location worldwide with the capacity of 45,000 litres per week.
In March 2020, Unilever entered into a strategic partnership with UK government and co-fund a US$ 61.1 Bn hand washing campaign to create awareness among people during the ongoing Covid-19 pandemic. Campaign to reach people through TV, Radio, Print, Social, and digital media Channel.

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Secondhand Apparel Market is Driven by Driven by Increasing Focus on Affordability various Fashion Retailers are Incorporating Recycling Programs

The global secondhand apparel market sales are expected to grow at a healthy CAGR of 11.2% during the forecast period 2021-2031, despite a period of slower growth in 2020, according to a latest study by Future Market Insights (FMI).

With the globalisation, the fashion industry considerably transformed. Changes in lifestyles as a result of industrialization, urbanisation, economic development, and globalisation have accelerated sales in the fashion industry last decade, particularly in developing countries and regions in rapid socio-economic transition.

E-commerce has transformed shopping experiences, with more than 60% of people choosing to buy products, services, and obtain commodities via the internet. Home delivery, subscription models, and other perks are major reasons for this change.

Product reviews and other features of e-commerce help merchants to study purchase patterns, and trends to create products and services that meet the needs of potential buyers. This provides useful information that retailers can use to develop effective marketing strategies.

The presence of companies such as ThredUP and Poshmark that cater to the demand for inexpensive and ecological alternatives to new clothes will push growth in the coming years. The expansion of online distribution channels also will bode well.

To retain clients, numerous fashion retailers are implementing recycling initiatives and releasing new collections of clothing made from eco-friendly fibers. Increasing consumer awareness of online resale platforms and fast-growing online start-ups offer pre-owned branded and designer goods and rental ethnic wear.

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Key Takeaways from the Secondhand Apparel Market Study

Shirts & t-shirts are expected to hold a market share 29% in 2021 owing to changing consumer preference with an expanding working woman labour force.
Online retailing is likely to remain a lucrative channel of distribution over the forecast period with a 18.7% CAGR owing to the wider choice of products.
Sub-Saharan Africa will dominate MEA accounting for more than 50% of the value share through the end of 2031, owing to the popularity of used clothes.
Pakistan accounts for more than 40% of secondhand apparel sales in South Asia, owing to the presence of a large lower socio-economic consumer base.
Guatemala leads in the Latin America accounting for over 30% value share through the forecast period.

Impact of COVID-19 on the Market:

Consumers are not just buying fewer non-essential items, but they are also buying higher-quality clothing rather than cheap and disposable options. Customers have also transitioned from offline to online shopping options.

During the COVID-19 crisis, e-commerce has been dominant and retailers have invested in an online presence. Prior to the shutdown, internet retailers devised interim methods for the sales of their wares online.

The secondhand apparel market has been hampered by a labour shortage in the industry. Reduced transactions over viral transmission fears are have also caused issues in the short term.

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Who is Winning?

Key players in the secondhand apparel market are aiming for strategic collaborations and other marketing strategies to expand their business and attract a larger customer base.

Some of the key players present in the secondhand apparel market are ThredUp Inc., The RealReal, Patagonia Inc., Poshmark, StockX, Vinted, eBay Inc., Micolet, Thrift+, Tradesy Inc., Chikatex, HunTex Recycling Kft, A&E Used Clothing Corporation, Mobacotex, Percentil. Maroc among others.

Secondhand Apparel Market by Category

By Sector:

Resale
Traditional Thrift Stores and Donations

By Product Type:

Dresses & Tops
Shirts & T-shirts
Sweaters, Coats & Jackets
Jeans & Pants
Others

By Target Population:

Men
Women
Kids

By Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Independent Small Stores
Departmental Stores
Online Retailers
Others

By Region:

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

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Baby Powder Market to Reach at a US$ 965.8 Mn in 2022 and US$ 1,449.2 Mn in 2029

The baby powder market to witness a CAGR of 5.20% during the forecast period of 2022-2029. Surpassing a valuation of US$ 1,449.2 Mn through 2029 and US$ 965.8 Mn in 2022

Over the past few years, numerous studies have stated that talc-based baby powder, when inhaled, may cause talcum powder poisoning. Talcum powder poisoning results in fever, cough, twitching, breathing problems, collapse, convulsions, and even death.

Hence, manufacturers are shifting the base ingredient from talcum to plant-based ingredient such as corn-starch, arrowroot, rice powder, and baking soda & tapioca starch. For instance, the leading player of baby powder Johnson and Johnson Company strengthen their product portfolio by introducing three variants of baby powder that are corn-starch-based.

Key Takeaways of Baby Powder Market Study

Talc-based baby powder was a dominant segment in the market. However, corn-starch-based baby powder is expected to gain considerable traction during the forecast period, attributable to perception of corn-starch as a safer and organic ingredient with relatively larger particles as compared to talc.
North America and Europe combined account about 50 percent of market share in global baby powder market owing to high penetration rate in these regions.
The premium price products segment is estimated to witness a significant CAGR growth in the global baby powder market over the forecasted period, owing to premiumization of baby powders associated with high safety and quality standards.
The product availability of conventional baby powder is high in the market as compared to organic baby powder. Also, organic baby powder are relatively expensive. As a result, conventional baby powder has high sales.

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“Manufacturers in the baby powder market can gain significant profits by targeting developing countries in the Middle East and Africa, attributable to anticipated higher birth rates in these regions during the forecast period,” says an FMI analyst.

Developing Countries to Offer Lucrative Opportunities

For the past decade, developed countries dominated the baby powder market owing to product availability and awareness among consumers. However, this trend is shifting towards the emerging markets. Countries such as Niger, Uganda, and Nigeria, are anticipated to have the highest birth rates in the forecast period. Therefore, the Middle East and Africa is considered a highly lucrative market for manufacturers of baby powder. Moreover, countries such as China and India have a massive population, out of which approximately 20% are babies. Generating general awareness among the population in such developing countries is expected to create numerous opportunities in the current market scenario.

Who is Winning?

Some of the key players operating in the baby powder market are Artsana Group, Asahi Group Foods Ltd., The Burt’s Bees, California Baby, Chattem, Inc., GLÜKi Organics, Johnson & Johnson, Kimberly-Clark Corp, Libero, Lion Corporation, Mamaearth, Mann & Schröder GmbH, Mee Mee, Mothercare, Oriflame Holding AG, Osotspa Company Limited, Pigeon, Prestige Consumer Healthcare, Inc., Procter & Gamble Co., PZ Cussons, Surefil an Abaco Partners Company, The Himalaya Drug Company, Wakoda, Wyeth, and others.

Several prominent and emerging market players are significantly investing in research and development activities to introduce new corn-starch based baby power. Besides this, global market players are acquiring the small scale and new entrants in the market those are offering either herbal products or organic products. They are also willing to spend more on promotion and marketing of products through pediatricians and doctors. This way consumers develop a belief on the safety of the products.

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In 2019, Johnson & Johnson’s baby care line of products is re-launched with a commitment of disclosing its ingredients. It also includes new packaging and informational social media communications to tailor needs of millennial parents.
In 2019, Fireside Ventures, along with some other investors, invested US$1 million in Honasa Consumer’s Mamaearth baby and mother care brands. It aims for market expansion, customer acquisition, and formulating innovative baby products

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Non Fat Dry Milk Market Growth Drivers, Regional Outlook, Competitive Strategies

The non – fat dry milk market is valued at US$ 7.66 Bn in 2021. The market is projected to grow at a CAGR of 3.1% through 2022, reaching US$ 7.9 Bn by 2022.

Non fat dry milk, better known as powdered milk have many benefits which has led to the growth of this market across the globe. The shelf life of nonfat dry milk is much more than that of liquid milk and this is also a primary reason, boosting its demand. In addition to this, non fat dry milk thickens food products. Future Market Insights (FMI) has published a new report, which is titled, “Non Fat Dry Milk Market: Asia-Pacific Excluding Japan (APEJ) to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022). According to the report, the key factor bolstering the growth of this market is the extensive use of nonfat dry milk to prepare meat products, soups, cakes, puddings, as well as many confectioneries.

Other benefits of non fat dry milk, which are boosting its demand include the fact that it is a cheap source of non fat dairy solids, can be easily transported without many precautions, a good source of functional dairy solids, and can be considered as a temporary replacement for whey proteins. Yet, there are a few drawbacks of using non fat dry milk, that have a negative impact on the growth of the global non nonfat dry milk market. Increasing prices of non fat milk, altering taste, and a loss of original richness are some of the factors that are expected to restrict the growth of this market. . These aspects are hindering the growth of the global nonfat dry milk market.

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Non powdered milk is available both in the instant and non instant form. Soups, puddings, and cakes are some of the items in which this type of milk is used. Nonfat dry milk helps retain the thickness of a food item by its rich texture and thus, finds its use in cereals and milk beverages. As per the research report by FMI, the global nonfat dry milk market will reach the figure of US$7.9 bn by 2022 and expand steadily during the period from 2017 to 2022. On the basis of geography, the market is segmented into Asia Pacific except Japan or APEJ, Europe, North America, and the Rest of the World. Of these, it is estimated that the most lucrative market for non fat dry milk market will be APEJ. This region is slated to expand at a 3.8% CAGR from 2017 to 2022. Apart from APEJ, it is expected that North America will also show promising growth opportunities for the non fat dry milk market.

The high heat segment is predicted to lead in the global nonfat dry milk market, by product. This segment showed the highest market share in 2017, and this trend is expected to continue throughout the forecast period as this segment also shows the highest growth rate in the forecast period, that of 4.5% CAGR during the period of 2017 to 2022 and is also predicted to gain a high BPS by the end of 2022.

With respect to growth rate and market share, other retail formats segment also shows high potential. Also, in comparison to the modern trade segment, this segment shows a comparatively high growth rate. This segment is slated to have the highest BPS by the end of 2022 and is expanding at a CAGR of 3.6%.

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Key players within the global non fat dry milk market are profiled in this report for the purpose of study. The business and financial overview of these companies have also been analyzed in the report. Along with this, the information on the various expansion strategies adopted by leading players is given. Some of the key players operating in this market are: SunOpta, Inc., Blue Diamond Growers, Inc., Danone, OATLY A.B, Organic Valley Cropp Cooperative, Eden Foods Inc., The Hain Celestial Group, Inc., and Earth’s Own Food Company Inc.,

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Baby Food Market Potential Growth, Share, Demand and Analysis of Key Players

Future Market Insights (FMI) has published a new report, which is titled, “Baby Food Market: Infant Formula Sales to Record Rapid Growth: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022), Foods for babies that have nutritional values are very valuable for parents who are constantly on the lookout for new infant formulas and other baby foods that can be digested easily. Baby foods are one of the top most growing retail products in the industry of foods and beverages. Demand for baby foods or foods for babies continue to exist due to the continuous rise in the expenses of middle class parents in the world. Urban living along with lifestyle trends have resulted in the existence of working women, who are also mothers. Hence, baby foods are best alternatives to breast milk, and also supply essential nutrition to the babies.

A newborn baby is of utmost importance to the parents, hence baby foods happen to be the most important thing in their shopping list. Baby food is soft and easy to consume item that is made as an alternative for breast milk, along with the basic nutrition in the required quantities resulting in healthy growth of babies. In the present scenario, baby foods are present in dried form, prepared form and also in the form of infant formulas.

The global market for baby foods is expected to be around US$62 bn by 2022, exhibiting a modest CAGR from 2017 to 2022. Reasons like growing trend of working mothers, the growing awareness of the advantages of foods for babies that are organic, and the increase in the number of births in various regions will drive the need for baby foods during next 5 years.

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The report shows that the requirements for baby foods will lead the global market in the entire in the whole of the forecast period, although, the sales of infant formulas in the global market is predicted to be faster and higher in comparison to other baby foods market. Towards the end of 2022, infant formulas sales throughout the globe are expected to be more than 6% CAGR. In this forecast period, revenues earned through the dried baby food segment will have the least CAGR. The segment for infant formulas will lead on account of increased usage of these products. Over one third of the revenue contribution of the global baby foods market will be through prepared baby foods segment, states the report.

Companies involved in the making of baby foods, continuously face fierce competition in regards to the development of new baby foods along with stringent safety measures. As it is of utmost importance that baby foods be such that they have no element which will cause any health issues to babies, it becomes the responsibility of manufacturers to ensure that the ingredients used are safe yet nutritious. The products need to be developed keeping the sensitive and tender nature of babies as their digestive systems are not developed. This makes the task of manufacturing food for babies a complicated one. Players are strategically tapping into the high demand for organic food items which has struck the world and developing baby foods that are organic, in order to gain market shares.

The report profiles leading players such as Mead Johnson & Company, LLC, The Kraft Heinz Company, Campbell soups Company Nestlé S.A., Cargill Inc., Abbott Laboratories, The Hain Celestial Group, Inc., Hero Group A.G., DSM, Arla Foods amba, Danone, Bellamy Organics, and Perrigo Company.

Product Type

Dried Baby Food
Infant Formula
Prepared Baby Food

Sales Channel

Modern Trade
Departmental and Traditional Grocery Store
Convenience Stores
Online Channels
Other Retail Formats

Packaging Type

Bottles
Jars
Cans
Pouches
Cartons
Single serve sachets

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Cocoa Liquor Market Competitive landscape, Segmentation, Manufacturers and Forecast Till 2031

Against this backdrop, the sales of Cocoa Liquor Market via online stores and eCommerce platforms is expected to surge. Despite the spread of COVID-19, the rising online demand will enable the market to exhibit a stable rate of growth at a CAGR of 3.2% between 2021 and 2031.

There has been a sharp increase in the demand for chocolate products across North America and Europe. As per Future Market Insights (FMI’s) latest study, consumers will showcase a higher inclination for stockpiling on essential commodities as they prefer staying indoors amidst pandemic outbreaks.

Recently, consumers are showing greater demand for food products that are vegan natural, GMO-free, organic, and offer other clean label claims. Considering this, an increasing number of companies are focusing on a holistic and wellness approach to business.

This trend is taking over the cocoa liquor market as well. Therefore key players in the cocoa liquor market are focussing on adding natural sweeteners, such as coconut sugar and Stevia to position their product in the most demanded category and cater to health-conscious consumers.

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Key Takeaways from the Cocoa Liquor Market Study

The cocoa liquor market is estimated to be valued US$ 6.3 Bn in 2021
Europe accounts for a leading share in the global cocoa liquor market in terms of value sales owing to the increasing health conscious population and rising demand for organic and less processed chocolates
Owing to the increasing application of cocoa liquor in bakery, ice creams, chocolate infused drinks, and other food product, the market is set to surpass US$ 8.6 Bn in 2031.
Germany will remain a key market in Europe, while the U.S. is expected to retain dominance in North America.

“Cocoa liquor offers many health benefits such as reducing blood pressure, lowering heart attack risk, and improving blood flow, therefore cocoa liquor is highly sought-after among increasing health-conscious population across the world. This will remain a chief growth driver of the market, “says an FMI analyst.

Who is winning in Cocoa Liquor Market ?

Few of the market players operating in the cocoa liquor market are Archer Daniels Midland Company, Cargill Inc., United Cocoa Processor, Inc., Niche Cocoa Industry Ltd., Blommer Chocolate Company, JBCOCOA, The Hershey Company, The Ghirardelli Chocolate Company, Nestlé S.A., Valrhona, Mars, Inc., Cocoa Processing Company, Barry Callebaut, and others.

Manufacturers are regularly offering consumers innovative products. Innovations in cocoa liquor are intended to meet the evolving consumer demand for healthier confectioneries without compromising on the taste, flavour, texture, and nutritional qualities of the product.

In 2020, Barry Callebaut launched innovative dairy-free chocolate called ruby chocolate. For the production of this product the company will open new factory in Germany to produce thousands of tons of products.
In 2019, Cargil Inc., announced the acquisition of leading chocolate supplier Smet based in Belgium to expand its distribution network. This acquisition will help company to grow stronger in food service segment and confectionery market.

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Scope of Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for Value
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered	Product Type, Cocoa Variety, Form, Application, and Region
Key Companies Profiled	Cargill Inc.The Archer Daniels Midland CompanyUnited Cocoa Processor, Inc.Blommer Chocolate CompanyNestlé S.AValrhonaBarry CallebautCemoiJBCOCOAIndia CocoaCharley’sOthers
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Get Valuable Insights into Cocoa Liquor Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global cocoa liquor market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030.

Cocoa Liquor Market by Category

By Product Type:

Dutch
Natural

By Cocoa Variety:

Forastero
Criollo
Trinitario
Other Cocoa Varieties

By Form:

Wafers
Blocks
Chips
Liquid

By Application:

Chocolate and Confectionery
Ice Cream
Food and Beverage Coatings
Beverages
Bakery
Other Applications

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

The report covers exhaustive analysis on:

What is the cocoa liquor market value?
What is the cocoa liquor market demand outlook?
What are the key trends shaping the cocoa liquor market?
At what rate did the demand for cocoa liquor rise in the last five years?
Who are the top players in the cocoa liquor market and what is their market share?
What is the North America cocoa liquor market outlook?
At what rate will the demand for cocoa liquor increase in Europe?
What is the South Korea and Japan market outlook for sales of cocoa liquor?

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Fishmeal Market Outlook on Emerging Application, Latest Trends & Potential Growth Strategies 2032

The fish meal consumer market is expected to be worth USD 8000 Mn in the year 2021, and to increase at an extraordinary pace to USD 15,000 Mn by 2032, with a CAGR of 7.7% over the forecast timeline. Fish meal has been extensively used as a vital element of the fertilizer and aquaculture industries.

The usage of Trout and Salmon as a good source of raw material in the manufacture of fishmeal is fairly frequent. As the cultivation of trout and salmon has expanded dramatically in recent years, wastage output in fish processing plants has surged as well. Businesses have an adequate supply of low-cost raw materials to make fishmeal, which will satisfy customer demand worldwide. The usage of Trout and Salmon as a good source of raw material in the manufacture of fishmeal is fairly frequent. As the cultivation of trout and salmon has expanded dramatically in recent years, wastage output in fish processing facilities has surged as well. Businesses have an adequate supply of low-cost raw materials to make fishmeal, which will satisfy customer demand worldwide.

Key takeaways:

The fish meal market is expected to be worth USD 8000 Mn in 2021, and to increase at an extraordinary pace to reach USD 15,000 Mn by 2032, with a compound annual growth rate (CAGR) of 7.7% over the analysis period.
The market segment has grown to a value of USD 4,180 million as a result of widespread demand. The United States is expected to be the most dominating region in the North American segment, accounting for more than 87 percent of overall North American sales for USD 2717 million.
China has a fast-increasing aquaculture business and is the top producer of animal-derived products in the Asia-Pacific region, with a market share of over 345 percent and an estimated value of USD 704 million.
In the United States, by-catch fishing wastes 1 million metric tons of fish each year. The fishery sector stimulates the manufacture of fishmeal since waste and by-catch are supplied as cheap raw materials to fishmeal producers, so paying for the losses that the fishing business might have sustained from wastage and by-catch.

“The market for fishmeal is projected to have a booming expansion attributed to the rise in the utilization in animal rearing including poultry and pig farms along with aquaculture. As an animal feed, fishmeal is a wonderful source of nutrients and protein, which boosts quality and productivity,” says a lead analyst at Future Market Insights.

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Competitive landscape

Fishmeal is seeing a staggering growth in the animal feed and fertilizer industry. Various companies are using technology and research to come up with a process that could efficiently extract nutrients from the fish waste that is produced in large amounts from the fish processing plants.

Bergen and Biomega Group, for example, use the fish waste from several salmon fish processing units that aren’t meant for the human intake to make high-quality pet food. Fishmeal is a highly profitable alternative for pet owners since it provides improved fatty acids, minerals, and high-quality protein. These companies use a process known as ‘enzymatic hydrolysis,’ which turns fish waste into high-quality meals in the form of the high-protein peptide. The method supports the main objective of incorporating entire animal leftovers into usable products and accomplishing Zero Wastage.

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Explore More Valuable Insights

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

By Application:

Fertilizers
Animal Feed

By End-Use:

Swine
Poultry
Aquaculture
- Salmon & Trout
- Crustaceans
- Cyprinids
- Marine Fish
- Others
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

The report covers exhaustive analysis on:

How much is the Fishmeal market currently worth?
At what CAGR is the market expected to grow?
What are the key trends boosting Fishmeal sales?
How are market players reacting to the new developments in the market?
How much share do the top 3 companies hold?
Which are the major countries driving demand for Fishmeal?
Who are the major players in Fishmeal Market?
What outlook does APAC provide?
At what rate will the U.S. Fishmeal market grow?
At what level does the report reflect pricing analysis?

About Future Market Insights (FMI)

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Future Market Insights Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Prebiotic Ingredients Market Research Report-Emerging Trends and Competitive Analysis -Forecast Till 2032

The prebiotic ingredients market is estimated to be valued at USD 6.6 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 18 Bn by 2032, rising at a CAGR of 10.5% for 2022-32.

Furthermore, growing awareness about the benefits of prebiotic ingredients in maintaining a healthy digestive system and supporting healthy metabolism will continue to drive growth of the prebiotic ingredients market, opines FMI.

“Prebiotic ingredients are natural, food compound ingredients that induce the activity or growth of favorable micro-organisms such as fungi or bacteria. Prebiotic fiber of the predominant type may vary according to the food. The food source such as unrefined barley, whole grain cereals, raw oats, and yacon are classified as prebiotic fiber sources. One of the biggest advantages of prebiotic ingredients is they are unaffected either by long term storage or by temperature and are highly stable. Prebiotic ingredients are resistant to the body’s gastric acid and enzymes, which are not digested, absorbed or destroyed as they travel through the digestive system. Prebiotic ingredients can be added to every type of supplement, drink, and food without compromising their efficiency,” says FMI.

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Manufacturers Emphasize on Building Consumer Trust through Transparency in Production

New techniques have supplied customers with access to smart labels that allow them to monitor the product’s journey. Consumers are now requesting food businesses to improve transparency of their products, moving beyond their profile, ingredients and dietary concentration.

Consumers are demanding to know product origins-from how and where the components are derived when the end product was manufactured.

Trust and transparency have become significant difficulties in the food and beverage sector, as there are no rigid laws and rules on clear branding established by authorities. Companies began to use clear branding as a glittering generality for advertising and marketing reasons and used it to market their products as completely pure products.

Cleaner procedures are crucial for companies to sell transparency in their food products without marginalizing market demand.

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Favorable Government Policies Support the Benefits of Prebiotic Foods

Support from health organizations and governments is one of the key reasons for the growth of the prebiotic ingredients market. The major concern of consumers is the safety and health-benefitting properties of food products they purchase.

Certifications and government approvals for food products become a primary concern for consumers, and this is becoming necessary for manufacturers in the food and beverage industry to use appropriate ingredients to gain trust of the consumers.

The support of the government for the use of prebiotic ingredients in various end-use industries is estimated to drive the prebiotic ingredients. Prebiotic ingredients are commonly used as a natural sweetener in various food applications, and the support from government and health organization is one of the main reason for growth of prebiotic ingredients market.

Market Segments Covered In Prebiotic Ingredients Industry Analysis

By Ingredients :

Fructo-oligosaccharide
Mannan- oligosaccharide
Galacto- oligosaccharide
Inulin
Other Ingredients

By Application :

Clinical Nutrition
Dietary Ingredients
Functional Food & Beverages
Dairy Products
Infant Formula
Breakfast Cereal
Meat Products
Animal Nutrition
Pet Food

By Source :

Vegetables
Cereals
Roots
Other Sources

Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

The report covers exhaustive analysis on:

What is the value of prebiotic ingredients market in 2021?
What is the anticipated growth rate of the prebiotic ingredients market in the forecast period?
What is the anticipated global demand for prebiotic ingredients over the forecast period?
Who are the prominent players in the global prebiotic ingredients market?
Which are the countries contributing in the expansion of prebiotic ingredients market?
At what level does the report reflect pricing analysis?

About Future Market Insights (FMI)

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 latest Market Reports: https://www.futuremarketinsights.com/reports

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Beetroot Powder Market is slated to Witness Tremendous Revenue Growth of US$ 716.6 Million by 2032- FMI

The global Beetroot Powder market size reached a valuation of US$ 456.4 Million in 2022. The expanding nutritional value and wide ranges of applications are projected to be the market’s primary growth drivers. The overall sales of Beetroot Powder products are projected to grow at a robust CAGR of 5.7% between 2022 and 2032, totaling around US$ 716.6 Million by the end of 2032.

As per Future Market Insights, the global demand for Beetroot Powders is poised to expand at a healthy CAGR of 5.7% during the forecast period between 2022 and 2032, in comparison to the 3.9% CAGR registered from 2016 to 2021. Food industries are intensifying their consumption of beetroot powder since one tablespoon of beetroot powder contains the same nutrients as one beetroot. Its usage in the food industry as a flavoring agent and taste enhancer is becoming increasingly popular among young people as a consequence of increasing health concerns.

According to this report, the beetroot powder market has been experiencing significant growth; however, it is still at a growing stage compared to other products in the market. Growing popularity of beetroot juice is one of the significant reasons for the growth of the global beetroot market.

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Global Beetroot Powder Market: Growth Dynamics

In recent period, major population from all across the world is inclined toward the use of products manufactured using natural ingredients. Key reason for this shift is rising awareness about the harmful effect of chemical or synthetic ingredients in various products. As a result, there is remarkable growth in demand for beetroot powder from cosmetics and personal care products. This factor is working as a big positive for the growth of the global beetroot powder market.

Beetroot powder is gaining traction in food industry owing to a wide range of health benefits beetroot offers. It is rich in calcium, dietary fiber, potassium, antioxidants, manganese, iron, and other nutrients. Apart from this, beetroot powder is gaining popularity as a natural food coloring agent. Beetroot powder offers natural red color to food products without changing the taste of that food item. As a result, beetroot powder is increasingly used in diverse food products including cupcakes, red velvet cake, sauces, gravies, and soups. The aforementioned factors are suggestive of the inflow of increased revenues into the global beetroot powder market in the years to follow.

Global Beetroot Powder Market: Regional Assessment

The global beetroot powder market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, North America is one of the lucrative regions offering noteworthy demand avenues in the market for beetroot powder. In recent period, the region is witnessing upward graph of demand for natural food coloring agents from food and beverages market. This aside, increased awareness about the side effects of synthetic food colors is fueling the growth of the beetroot powder market in this region.

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Global Beetroot Powder Market: Key Players

The key players operating in the global beetroot powder market are as follows-

Windmill Organics Ltd., Lush Retail Limited, STADA Arzneimittel AG, Mountain Rose Herbs, Changsha Vigorous Tech Co., Ltd, Z Natural Foods, LLC, Indigo Herbs, MARUDHAR FOODS PRIVATE LIMITED, Ecuadorian Rainforest, LLC, and Organic Herb Inc.

Global Beetroot Powder Market: Drivers

Growing preference of beet root powder by athletes
Growing preference for organic beet root powder products
Longer shelf life eases usage and transportation
Versatility of applications of the beetroot powder
Increasing demand for gluten free and vegan products
Increasing demand for cosmetics made with natural ingredients
Increasing demand for vibrancy in appearance of food products
Increasing demand for ingredients with detoxification properties
Increasing demand for ingredients with detoxification properties

By Type

Organic
Conventional

By End User

Food & Beverages
- Bakery
- Confectionary
- Food Colorants
- Sweeteners
- Others
Industrial
- Chemicals
- Nutraceuticals
- Pharmaceuticals
- Cosmetics
- Textiles

The report covers exhaustive analysis on:

What is the size of beetroot powder market?
Which are the leading companies in beetroot powder market?
Which countries are contributing significantly to the growth of the beetroot powder market?
At what level does the report reflect pricing analysis?

About Future Market Insights (FMI)

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 latest Market Reports: https://www.futuremarketinsights.com/reports

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Malt Ingredient Market Recent Innovations, Overview, Regional Segmentation -Forecast Till 2032

The malt ingredients market is estimated to be valued at USD 24.2 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 39.4 Bn by 2032, rising at a CAGR of 5% for 2022-32.

The malt ingredients market is being driven by rising demand in the global food and beverage industry. In the coming years, increased demand for dairy products and beer is expected to drive demand for malt ingredients.

The primary factor driving the market’s expansion is the rising consumption of beer and other alcoholic beverages around the world. With the growing popularity of parties and other social gatherings, the number of social drinkers has increased, which acts as a growth factor.

Furthermore, these ingredients are in high demand in the food and beverage industry, where ingredients like barley are widely used in the manufacture of blended flour and bakery products like biscuits and cakes. Furthermore, these ingredients are widely used in the dairy industry for a variety of applications, including milk flavoring. Product innovations such as the introduction of dark malt are also driving market growth, as is rising consumer disposable income.

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Key Takeaways from Market Study

The malt ingredient market in the United States is expected to grow at an 8.8% CAGR between 2022 and 2032.
Thousands of tonnes of barley malt are used to make distilled spirits in India, the world’s largest whiskey market. India intends to import one million tonnes of barley to meet rising demand and lower alcohol prices in the country.
During the forecasted period 2022-2032, the malt ingredient market in Brazil is expected to grow at a CAGR of 7%.
Australian malt barley is expected to fully compensate for the supply shortfall to domestic breweries caused by low domestic production.
China is the largest producer of malt extracts and dry malts due to its high production capacity, driving regional demand in the Asia Pacific market.

“Rising global consumption of beer and other alcoholic beverages is a major factor driving the market’s expansion. With the growing popularity of parties and other social gatherings, the number of social drinkers has increased, which acts as a growth factor,” says a Future Market Insights analyst.

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Competitive Landscape

Malt Ingredients Market participants use a variety of strategies, including product launches, mergers and acquisitions, joint ventures, and geographical expansion. The market is relatively small in size, which contributes to its dynamic and competitive nature.

In February 2020, Leopold Bros, a company based in the United States, partnered with BSG to sell a handmade malt product line in small batches, in an effort to enter the popular hand-crafted beer and craft brewing market.

Key players in this market include GrainCorp, Malteurop, Rahr Corporation, Boortmalt, Groupe Soufflet, Maltproducts, Holland Malt, Maltexco, Barmalt, IREKS, Muntons PLC, Simpsons, Viking Malt, Agraria, Puremalt, Cerex, EDME Ltd., Imperial Malt, Diastatische Producten, and Laihian Mallas.

Explore More Valuable Insights

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

By Raw Material :

Barley
Wheat
Rye
Maize
Rice
Oat

By Product Type :

Malt Extract
- Dry Malt Extract
- Liquid Malt Extract
Malt Flour
Other Product Types

By Grade :

Specialty Malt
- Caramelized Malt
- Roasted Malt
Standard Malt

By End-Use Industry :

Food & Beverages Industry
- Food
  - Bakery Products
  - Confectionaries
  - Dairy & Frozen Food
  - Pet Food
- Beverages
  - Brewing
  - Distilling
  - Health Drinks
  - Other Non-alcoholic Beverages
Pharmaceutical Industry
Personal Care Industry

Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

The report covers exhaustive analysis on:

How much was the malt ingredient market worth in the year 2021?
What is the future growth rate of the malt ingredient market?
How much is the expected worth of the global malt ingredients market over the forecast period?
Who are the dominant manufacturers in the global malt ingredients market?
Which countries are contributing significantly to the growth of the malt ingredients market?
At what level does the report reflect pricing analysis?

About Future Market Insights (FMI)

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 latest Market Reports: https://www.futuremarketinsights.com/reports

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