Ginger Beer Market Current Trends and Future Growth Estimations Outlook To 2032

The global ginger beer market is set to witness an impressive growth rate of 7.1% over the forecasted years of 2022 to 2032. The ginger beer market size is anticipated to reach a valuation of around US$ 9.3 Billion by the end of year 2032 from the current valuation of US$ 4.7 Billion in 2022.

Ginger beer beverages are getting popular among consumers because of its spicy flavor and is nutritious at the same time. Additionally, the global ginger beer market share is being driven by consumers’ shift away from calorie-dense beverages and toward lighter, and less sugary beverages.

As per the ginger beer market analysis report published by the Future Market Insights, it is becoming more and more popular among the younger generation in recent years. Several health advantages offered by ginger beer use serve as the primary explanation for this surge.

Additionally, the lockdown brought on by the epidemic increased product sales, supporting the market expansion through the off trade distribution channel segment of the global ginger beer market.

The worldwide ginger beer industry, meanwhile, is being constrained by rigorous laws and limits imposed on the sales of ginger beer by the governments of many different nations. Such restrictions are placed due to the negative consequences of the artificial components and added sugar being used by some ginger beer manufactures.

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Key Takeaways from Market Study

  • The overall growth of the global ginger beer market is estimated to be around US$ 4.6 Billion during the coming decade by following the average CAGR of 7.1%.
  • The non-alcoholic product segment holds the major share of the ginger beer market of about 75%, while the alcoholic segment is expected to witness the highest growth rate of 8.4%.
  • The flavored ginger beer products are the higher selling category contributing almost 60% of the revenue share. On the other hand, original ginger beer is getting popular in recent years with an estimated CAGR of 6.2% for the forecast years of 2022 to 2032.
  • Traditionally, on-trade distribution channels have remained the dominant segment for the ginger beer market growth by occupying a market share of more than 60%. However, with the rising popularity of the product the off-trade distribution channel is expected to witness a growth rate of 8% during the projected timeframe.
  • Among the broad geographical regions, North America holds more than 35% of the ginger beer market share. Contrastingly, Asia Pacific ginger beer market is gaining momentum in recent years with an overall growth rate of 8.4% projected for the years 2022 to 2032.

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Competitive Landscape

Some of the well-known ginger beer market players are Crabbie’s Alcoholic Ginger Beer, BUNDABERG BREWED DRINKS, Fever-Tree, Fentimans, RACHEL’S GINGER BEER, Gunsberg, Natrona Bottling Company, Beer Goslings Rum, Old Jamaica Ginger Beer, Q MIXERS, Stoli Group USA LLC, and Barritt’s Beverages International Ltd among others.

Recent Developments in the Global Ginger Beer Market:

  • East 9th introduced Lick Pier Tropical Ginger Beer in Sept 2021 that is a new category featuring tropical fruit tastes like pineapple and passion fruit. This initiative was undertaken by the ginger beer company to provide consumers with a variety of taste options and enhance the company’s sales.
  • Spinifex Brewing Company made an announcement in July 2021 about the introduction of a brand-new, non-alcoholic ginger beer that was infused with the native superfood Kakadu plum, which is also known as gubinge collected by Aboriginal tribes in Western Australia’s Kimberley area.

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Ginger Beer Market by Segmentation

By Type:

Alcoholic

Non-alcoholic

By Flavor:

Original

Flavored

By Distribution Channel:

On-trade

Off-trade

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

Frequently Asked Questions

  • At What Rate will the Ginger Beer Market Grow?
  • What is the Net Worth of the Global Ginger Beer Market?
  • What is the Projected Value of the Ginger Beer Market?
  • Which is the Best Performing Product Type of the Ginger Beer Market?
  • Which is the Rapidly Growing Region for the Ginger Beer Market?

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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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Sugar Beet Juice Extract Market 2022 Business Growth, Current Trends, Rules, Challenge, and Interaction, Application Details, Key Components, Forecast 2032

Global Sugar Beet Juice Extract Market demand is anticipated to be valued at US$ 5.09 in 2022, forecast to grow at a CAGR of 5.6% to be valued at US$ 8.8 Billion from 2022 to 2032. Growth is attributed to the rising prevalence of lifestyle diseases such as obesity, diabetes, high blood pressure, and other cardiovascular diseases.

As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Sugar Beet Juice Extract market size is expected to register swift growth during the forecast year 2022-2032. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Sugar Beet Juice Extract market.

The study offers a detailed analysis of market dynamics including drivers, restraints, opportunities, and challenges, and also highlights their impact on the market in more than 20 countries across 7 regions. The report provides vital insights into the market and assists key players to identify potential segments.

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Emergence of Grab-and-Go Trend to Open New Growth Avenues for the Sugar Beet Juice Extract Market

Growing grab-and-go trend is making deeper inroads across the food and beverages industry, owing to the increasing busy lifestyle of the population worldwide. In addition, increasing single living and growing number of working women across the U.S., Japan, Germany, China, and India are creating tailwinds for the trend, which is in turn, propelling the demand for Sugar Beet Juice Extract.

Citing this trend, numerous industry players are emphasizing on providing portable dining options to the customers by offering premade and packaged ready-to-eat foods, snacks, and beverages as an alternative to conventional dining.

They are also focusing on providing easy-to-carry and attractive packaging solutions for ready-to-eat foods to enhance convenience. This is expected to create lucrative opportunities for the growth in the Sugar Beet Juice Extract market.

Key Sugar Beet Juice Extract Market Takeaways and Projections

  • The U.S. is estimated account for the maximum share in North America market through 2032, owing to the increasing working population in the country.
  • Germany Sugar Beet Juice Extract market is projected to register rapid growth, accounting for a significant share in Europe between 2022 and 2032.
  • China is forecast to dominate the East Asia market, projecting the fastest growth in the region for the assessment period.
  • India is expected to emerge as a highly attractive market in South Asia, accounting for the largest sales during the coming decade.
  • Based on segment anticipated to contribute maximum sales in the market, expanding at a robust CAGR over the forecast period.

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Report Benefits & Key Questions Answered

  • Sugar Beet Juice Extract market Consumption by Demographics: The market intelligence study provides insights into the change in consumer behavior and purchasing patterns of the customers. It also highlights the impact of these changes on the sales of Sugar Beet Juice Extract across local, country, and regional markets. It uncovers key factors increasing the consumption of Sugar Beet Juice Extract through 2032.
  • Sugar Beet Juice Extract market Historical Analysis: FMI’s recent study analyzes key market dynamics and their impact on the Sugar Beet Juice Extract market across 7 regions for the last forecast year from 2016 to 2021. It tracks the forthcomings and shortcomings of the market over the past half-decade and forecasts the scope of the Sugar Beet Juice Extract market for the assessment period 2022-2032.
  • Sugar Beet Juice Extract market Manufacturing Trend Study: The latest study on the Sugar Beet Juice Extract market offers detailed insights into vital trends creating growth prospects for the food & beverage industry players. It also uncovers key strategies adopted by leading manufactures to capitalize on the existing opportunities.

Competitive Landscape Analysis

Future Market Insight’s latest study provides in-depth insights into the global Sugar Beet Juice Extract market to assist management level decision-makers in construct a strategy to capitalize on the upcoming trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Sugar Beet Juice Extract market.

Some of the prominent market players are profiled by FMI are NutriScience Innovations LLC., BMA BraunschweigischeMaschinenbauanstalt AG, Nordzucker AG, Amalgamated Sugar Company, Crop Energies AG, Siemens AG, and Agrana Zucker GmbH are some of the key players in the global market of the sugar beet juice extract.

Sugar Beet Juice Extract Market: Demand Analysis by Segmentation

On the basis of nature, Sugar beet juice extract market is segmented as:

  • Organic
  • Conventional

On the basis of end use, Sugar beet juice extract market is segmented as:

  • Food & beverages
  • Baked goods
  • Sugar industry
  • Condiments
  • Confectionery
  • Dairy
  • Animal feed
  • Cosmetics & Personal care
  • Dietary supplements
  • Sports nutrition
  • Biofuel

On the basis of the distribution channel, Sugar beet juice extract market is segmented as:

  • Direct
  • Indirect
  • Online stores
  • Specialty stores

Region

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

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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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Smart Orthopedic Implants Market | Know the Latest COVID19 Impact Analysis and Strategies of Key Players 2031

Smart Orthopedic Implants Market :

According to latest research by Future Market Insights, smart orthopedic implants market is set to witness steady growth during 2021-2031. Demand for smart orthopedic implants market will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Unfavorable reimbursement policies and less number of skilled surgeons will mean limited opportunities in near future.

However, rapid rate of the co-morbidities that include obesity and diabetes worldwide will provide momentum to the smart orthopedic implants market.

What is Driving Demand for Smart Orthopedic Implants?

There are approximately 120 ongoing clinical programs for rheumatoid arthritis across the globe, at different stages of development. Rheumatoid arthritis (RA) is, currently incurable and an unending autoimmune disease that basically attacks the joints, is prominent. It is assessed to infect approximately 4.9 million individuals across the major markets. Rheumatoid arthritis infects roughly 1% of the worldwide population.

Thus, rising geriatric population with amputation of diseases like rheumatoid arthritis, bursitis increases the demand for smart orthopedic implants.

However, government initiatives like spreading awareness about the diseases related to bones and associated injuries is to further propel the market growth. Furthermore, engaging population more in sports or gym activities in order to stay fit may lead to injuries associated and is likely to increase the market growth in the forecast period.

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Surge in Adoption of Technological Advancements

Technological advancements in orthopedic implants is likely to be a factor driving the market scenario in the forecast period. Use of 3D printers for orthopedic surgeries in order to attain improved integration of metal and bone helps the surgeons a quicker method.

Moreover, rapid development of smart sensor technologies which aims to provide better picture to the surgeon especially about the post-operative measures to be taken into consideration.

Also, they help to communicate wirelessly through the monitoring/control equipment when implanted with the orthopedic device, therefore, manufacturers are likely to get attracted towards building new technology implants which is likely to make a high steep in the upcoming future.

However, there has been a decline in the market due to COVID19 Crisis which impacted almost every industry around the globe. The industries and economies were distressed with the mass spread of the infection, resulting in recession and shutting down of the surgeries.

Although lockdown and shelter-at-home guidelines have meant restricted activities, the market is likely to improve over the course of the assessment period for smart orthopedic implants market.

US and Canada Smart Orthopedic Implants Market Outlook

According to data published by Centres for Disease Control and Prevention, by 2040, an estimated 78 million (26%) US adults aged 18 years or older are projected to have doctor-diagnosed arthritis. Thus, it is anticipated to boost the demand for smart orthopedic implants during the forecast period.

According to American Joint Replacement Registry (AJRR), it is forecasted majority revenue in North America is associated to the orthopedic implant surgeries by 2027. Hence, North American manufacturers are developing methodologies owing for technological advancements like, robotic surgeries in the orthopedic implant sector.

For instance, in Feb. 20, 2018, Johnson & Johnson Medical Devices Companies, through French affiliate Apsis S.A.S., announced the acquisition of Orthotaxy, a privately-held developer of software-enabled surgery technologies, including a differentiated robotic-assisted surgery solution.

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Europe Demand Outlook for Smart Orthopedic Implants

The Europe smart orthopedic implants market is expected to grow at a profitable rate over the forecast period. This growth is owed to the presence of an increasing number of key players and the opportunistic approach to new investments in the field of smart orthopedic implants.

For instance, in June 10, 2021 Medtronic announced FDA approval of its next generation recharge-free spinal cord stimulation platform, Vanta™ implantable neurostimulator offers up to 11 year battery life and personalized pain relief.

Moreover, the manufacturers focuses on AI-driven technologies to every country in the region through various collaborations.

For instance, in November 16, 2020 Medtronic completes acquisition of Medicrea and expands its artificial intelligence and data capabilities, becoming the first company to offer an integrated spine solution including AI-driven surgical planning, personalized spinal implants and robotic assisted surgery.

Who are the Key Manufacturers and Suppliers of Smart Orthopedic Implants?

Some of the Leading Manufacturers and suppliers of smart orthopedic implants include

  • Globus Medical, Inc.
  • Medtronic, plc
  • Wright Medical Group N.V.
  • Zimmer Biomet Holdings, Inc
  • Johnson & Johnson
  • Stryker Corporation
  • NuVasive, Inc.
  • Smith & Nephew plc.
  • Arthrocare Corporation
  • BioTek Instruments, Inc.
  • Conmed Corporation
  • Integra Life Sciences Holdings Corporation
  • KYOCERA Corporation
  • Teijin nakashima medical co. ltd.

Many leading manufacturers are focusing on expanding their business through various advancements in technology and mergers and acquisitions which boosts the market growth in the near future.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Product Type:

  • Hip Reconstruction
  • Knee Reconstruction
  • Shoulder Implants
  • Spinal Implants
  • Trauma Implants

By Material:

  • Bone Cement
  • Metal
  • Cobalt
  • Alloy
  • Titanium

By End user:

  • Hospitals
  • Speciality Centers
  • Orthopedics Clinics
  • Ambulatory Surgical Centres

By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Russia
    • Poland
    • Rest of Europe
  • South Asia
    • India
    • Thailand
    • Malaysia
    • Indonesia
    • Rest of South Asia
  • East Asia
    • China
    • Japan
    • South Korea
  • Oceania
    • Australia
    • New Zealand
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

About FMI:

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

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Aluminum-free Natural Food Color Market Future Trends, Dynamic Growth & Forecast To 2032

The global aluminum-free natural food color market is forecasted to be appraised at US$ 4.08 billion by 2032, up from US$ 2.17 billion in 2022, advancing at a CAGR of 6.88% during the forecast period.

Dyes, pigments, and substances which impart color to food and beverages are known as coloring additive or food colors. Available as liquid, gels, and powder food coloring is used in both commercial and domestic production of eatables and beverages.

Consumers continue to associate the taste of food products with its color which is a vital factor F&B companies are increasingly using food coloring to make their products more presentable and marketable. Aluminum lakes are being increasingly used in the production of food coloring owing to their dispersible nature enabling them to mix with oil, fat, propylene glycol, and glycerin and water. However, concerns regarding the adverse impact of aluminum consumption on human health are creating a demand for natural food colors.

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Aluminum-free Natural Food Color Market Dynamics

Health Concerns Surrounding Prolonged Aluminum Consumption to Uphold Market Growth

Although aluminum has been approved for use in food coloring, it is widely identified as a neurotoxin proven to impact over 200 biological functions of the body. The metal accumulates in the human system over periods of time and can have adverse consequences on human health. Numerous studies suggest that prolonged accumulation of aluminum in the body can potentially cause neurodegenerative diseases such as dementia, Alzheimer’s disease, Parkinson’s, and amyotrophic lateral sclerosis (ALS).

In addition, aluminum competes with other minerals for absorption into the bloodstream. This can significantly deter calcium absorption in bones and impact skeletal mineralization. Further, studies have linked the accumulation of metal in the body to the development of autism and slowdown of growth in kids. Growing awareness about the adverse impact of aluminum on human health is prompting food and beverage companies to seek alternatives to food color containing aluminum.

A recent development complementing the trend was the release of a survey conducted Federal Institute of Risk Assessment, Germany which revealed that approximately half of the German population avoids the use of aluminum-based products. The factor is estimated to play a vital role in aluminum-free natural food color market growth during the forecast period.

Coupled with the growing awareness about the adverse impact of aluminum on human health, the trends are expected to drive food processing companies to replace artificial and synthetic coloring with their natural alternatives.

Additionally, the burgeoning demand for naturally sourced ingredients for food products and the widespread consumer perception associating natural with healthy is driving manufacturers to increasingly replace aluminum-based food coloring in their products.

The factor is expected to contribute significantly to the aluminum-free natural food color market growth with consumers increasingly preferring brands which provide detailed insights into their supply chain management.

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Innovations in Natural Food Color Development to Drive Adoption

Aluminum lakes find widespread usage in the production of blue pigment for food coloring. Intensifying research and development towards finding natural sources for blue color is likely to accelerate adoption of aluminum-free natural food color.

For instance, recent research in the area is studying the potential of deriving blue color from fungal, animal, and microbial sources. In addition, the aluminum-free natural food colors are also finding widespread adoption in the food and beverages industry owing to the nutritional benefits offered by them which are central to marketing campaigns of companies vying to capitalize on the burgeoning demand for natural products. Technical breakthroughs in the production of natural food colors are further expected to underpin aluminum-free natural food color market growth.

For instance, Phytolon, an emerging company in the food color market, obtained the license for using plant-based genes known as betalains for the production of a variety of natural colors. The company revealed that they will be leveraging a novel technique employing the use of yeast for the commercial production of natural food color. Burgeoning investments in natural food color production and accelerated sophistication of production processes is estimated to fuel aluminum-free natural food color market growth.

Inefficient Functionality and Lower Shelf-life of Natural Colors to Dent Sales

Natural food colorings are unstable and exhibit low heat resistance. In addition, the coloring can fade easily and undergo a change in properties when subjected to light and different pH levels. Being derived from natural sources, natural food coloring can cause allergic reactions.

Furthermore, the overall cost of production of natural food colors is substantially higher than its synthetic counterparts. The requirement of a vast amount of raw materials in plants, fruits, and other natural sources makes the production of natural colors both expensive and non-sustainable.

These factors are restraining the widespread adoption of natural colors in commercial food processing and continue to pose a daunting challenge to manufacturers operating in the aluminum-free natural food color market.

Aluminum-free natural food color market – Notable Highlights

  • Naturex, a key player in the aluminum-free natural food color market, launched a new line of natural food colors named “Vegebite Ultimate Spirulina”. The product line features blue and green colors sourced from spirulina for confectionary and beverages with the colors being available in liquid and powder form.
  • Increasing collaborations in the aluminum-free natural food color market received a huge boost when Exberry and GNT group launched the Sunshine Shades range of natural food coloring. Under the product line, the company will be launching natural colors ranging from bright yellow to dark orange which can potentially replace yellow food coloring manufactured using aluminum lakes.
  • The trend for significantly reducing the use of aluminum lakes in food color manufacturing saw another key development when Roha announced the launch of its Natracol Vibra Yellow color for use in the food products such as gummies, candies, and dairy products.

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Aluminum-free Natural Food Color Market Segmentation

On the basis of type, the aluminum-free natural food color market can be segmented into:

  • Beta Carotene
  • Astaxanthin
  • Annatto
  • Curcumin
  • Spirulina
  • Carmine

Based on the end-use application, the aluminum-free natural food color market can be segmented into:

  • Processed/Frozen food products
  • Beverages
  • Dairy Products
  • Bakery and Confectionary Products
  • Others

Frequently Asked Questions

  • What is the Growth Outlook for the Aluminum-free Natural Food Color Market?
  • What is the major driver contributing to the Aluminum-free Natural Food Color market share of the European and North American countries?
  • Who are a few key players in the Aluminum0free Natural Food Color Market?

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About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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Multistrain Probiotics Market 2022: Qualitative and Quantitative Research By Industry Experts 2032

The global multistrain probiotics market is forecasted to be valuated at US$ 156.25 billion by 2032, up from US$ 66 billion in 2022, advancing at a CAGR of 9% from 2022 to 2032.

A burgeoning number of consumers are amassing healthy eating habits, and thereby, health-conscious consumers are more inclined towards nutritional and functional food products. With the growing preference for nutrient-rich food products, probiotics have gained immense popularity among health-conscious consumers around the world. While probiotics are available in both monostrain and multistrain probiotic forms, the tendency to work with multistrain probiotics has always remained high.

As multistrain probiotics imply a broader spectrum of efficacy and synergistic effects, the market for multistrain probiotics is likely to maintain its momentum in the upcoming years. In addition, growing awareness about the influence of multistrain probiotics of the immunity, digestion system, and overall health is triggering demand for multistrain probiotics. Leading players in the multistrain probiotics market are aiming to capitalize on increasing disposable income of consumer and growing awareness about their dietary habits to improve profitable sales of their diverse portfolio of multistrain probiotics.

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Multistrain Probiotics Market – Notable Developments

Yakult Honsha Co., Ltd., DuPont Nutrition & Health, Deerland Enzymes, Inc., Protexin, Hansen Holding A/S, Arla Foods, MORINAGA & CO., LTD., LALLEMAND Inc., Danisco, PROBI, Biogaia, Attune Foods, bifodan, Daflorn Ltd., Biocare Copenhagen, ecologicinside, Hansen Holding A/S, danone, Société des Produits Nestlé, and Nebraska Cultures are among the leading players in the multistrain probiotics market.

  • In June 2018, DuPont Nutrition & Health – a business unit of DowDuPont Specialty Products Division – announced its partnership with INRA (French National Institute for Agricultural Research) through MetaGenoPolis (MGP) and Micalis Institute to strengthen DuPont’s probiotic strains capabilities with a functional metagenomics approach. The company aims to define DuPont™ Danisco® probiotic strains’ molecular mechanisms of action to consolidate its position in the multistrain probiotics market, with the new collaboration with INRA Micalis-MGP.
  • In January 2018, BioGaia – a Swedish biotechnology company that primarily focuses on probiotic products – announced that it has entered an agreement with Abbott Laboratories – an American healthcare company – to commercialize its BioGaia Protectis probiotic supplements in China. The company announced that this collaboration was in line with its strategies to grow its probiotics business in Asian markets.
  • In July 2018, Deerland Enzymes & Probiotics – a global leader in enzymes and multistrain probiotics market, announced that it has acquired National Enzyme Company – a leading manufacturer of enzyme-based dietary supplements – to gain momentum in the multistrain probiotics market. The company announced its aim to add National Enzyme Company’s SORA and BioCore® capabilities to its production facility and strengthen the presence in the market with its branded technologies and probiotics expertise.

Ongoing Research and Studies Spread Awareness about Health Benefits of Multistrain Probiotics

As consumers are becoming highly critical about food ingredients and their benefits before making a purchasing decision, food manufacturers are investing heavily in research on health-benefitting ingredients to attract a large base of health-conscious consumers. The multistrain probiotics market is witnessing healthy growth as recent studies find diverse health benefits of multistrain probiotics.

Researchers find that multistrain probiotics are not only beneficial in treating physical illnesses, such as diarrhea and irritable bowel syndrome (IBS), but can also contribute to improving psychological health. Increasing awareness about the health-boosting properties of multistrain probiotics is expected to contribute to the increasing growth of the multistrain probiotics market in the upcoming years.

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Applications of Multistrain Probiotics in Dairy Products to Remain Highest

Increasing growth of the multistrain market is mainly attributed to its applications in pharmaceuticals, animal feed, and food & beverages, however, food & beverage industry remains the linchpin for the multistrain probiotics market.

Consumers are becoming critical about their dietary choices and thereby, are more inclined towards food products with high nutritional contents. Dairy products are likely to remain the leading segment in the multistrain probiotics market, and leading market players are shifting their focus on the dairy industry to capitalize on this trend.

Some of the examples include

  • In October 2018, Hansen Holding A/S – a leading bioscience company – announced that it has acquired all the assets of Österreichische Laberzeugung Hundsbichler GmbH – an Austria-based ingredient supplier. With this acquisition, the company aims to expand its enzymes business in the traditional processed cheese segments of the dairy industry.
  • In December 2018, Arla Foods, Inc. – a leading dairy company in the multistrain probiotics market – announced that it has acquired the Middle East and Africa Kraft branded processed cheese business of Mondeléz International – an American food company.

Asia Pacific to Emerge as a Leading Market for Multistrain Probiotics

Though the wave of health & fitness have spread across the world, rapidly-growing end-user industries in the Asia Pacific have a major contribution in growth of the multistrain probiotics market. Leading players in the multistrain probiotics market are shifting focus on their businesses in developing countries in the Asia Pacific region to leverage increasing disposable income of consumers and growing demand for healthy and nutritional food products.

European market for multistrain probiotics is also likely to create lucrative opportunities for market players in the upcoming years with growing health awareness among European consumers. In addition, governing bodies in Europe, such as the European Society for Clinical Nutrition and Metabolism (ESPEN), have developed regulations and directives to govern the use of multistrain probiotics in various food products, pharmaceuticals, and dietary supplements. This is likely to augur well for the multistrain probiotics market players in Europe.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Blackout Fabric Laminates market.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Blackout Fabric Laminates market attractiveness as per segments. The report also maps the qualitative impact of various factors on Blackout Fabric Laminates market segments and geographies.

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Multistrain Probiotics Market Segmentation

The multistrain probiotics market can be bifurcated on the basis of:

  • Applications
  • End-users

Multistrain Probiotics Market Segmentation Based on Applications

  • Food & Beverages
  • Animal Feed
  • Dietary Supplements

Multistrain Probiotics Market Segmentation Based on End-users

  • Humans
  • Animal Feed

Frequently Asked Questions

  • What is the Growth Outlook for the Multistrain Probiotics Market?
  • Which Region is the Largest Market for Multistrain Probiotics?
  • Which is the Valuation of Multistrain Probiotics Market as of 2022?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Monoprotein Market by Analysis, Growth, Emerging Trends, Research Methodology, Massive Growth & Industry Survey

The global monoprotein market share is set to witness growth at a CAGR of 3.0% and top a valuation of US$ 4.3 Bn by 2032. Demand for monoprotein is likely to increase as pet owners need to deal with pet’s intolerance to a particular type of food protein, it is difficult to get away from the undesired components for customers.

The sales of monoprotein are projected to rise as it is a single protein-sourced product. It is a solution guaranteeing the uniqueness and purity of pet food products with fundamental nutrients, necessary for pet health. As a result, these factors are likely to increase the monoprotein market share during the forecast year from 2022 to 2032.

Along with that, nowadays products labelled with salmon-based food or chicken-based food contains numerous harmful chemicals and preservatives. Furthermore, to avoid such products people are opting for monoprotein, which is boosting the monoprotein market growth during the forecast period.

The adoption of monoprotein is anticipated to recover the gap in the pet food market where a certain type of food protein is necessary to build immunity and muscle mass for pet’s allergy.

There are many variants like pork, chicken, salmon, and others available as a protein source to those products. As a result, the sales of monoprotein are anticipated to rise. These factors are anticipated to boost the monoprotein market trends & forecast during the forecast period.

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Key Takeaways from Market Study

  • The monoprotein market analysis is worth US$ 3.2 Bn sales in 2022.
  • The monoprotein market share is expected to expand at a CAGR of 3.0% through 2032.
  • Global monoprotein demand is projected to grow year-on-year (Y-o-Y) growth of 2.7% in 2022.
  • The monoprotein market statistics are growing with a notable boost towards the production to reach US$ 4.3 Bn by 2032.
  • High product demand from the pet food industry, and tasty and convenient product forms are the factors driving the monoprotein market growth.
  • These factors are some of the influencing factors among consumers, which is driving sales of monoprotein across global markets.
  • Demand for monoprotein grew at 2.4% CAGR between 2017 and 2021.
  • Monge SPA, Purina PetCare (Nestlé S.A.), Brit Mono Protein (Vafo Praha s.r.o.), Country Farms, and Stuzzy Monoprotein (Agras Delic S.P.A.) are expected to be the top players in the industry.
  • Monoprotein market key trends & opportunities rise along with the dog as pet type, adult pet life-stage, flavored monoprotein, raw packaging type, and online retail sales channel are in heavy demand from pet food industry carrying a notable market share.

“A single source of protein for pets with guaranteed tolerability among the animals with food intolerance or allergies is the principle behind monoprotein products. The products come without any added preservatives, or artificial colorants or flavorings, to ensure that there is no chance of harm to the pets and the pet get complete nutrition as well from the product, driving the market growth,” – Future Market Insights Analyst.

Competitive Landscape

Key monoprotein brands are conducting several types of research and looking for new strategic partnerships, while key business brands are focusing on developing applications in the food industry to generate high-quality food and beverage solutions.

The top players are focusing on new formulations and product innovations to gain monoprotein market growth and attract more customers to the product.

  • In 2020, Monge launched the top-quality and natural super-premium product BWild, which is a Low Grain or Grain Free monoprotein, and launched to fulfil the demand for innovative products in the field of the pet food industry, which also supports the dietary needs of pets.

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Monoprotein Market by Category

By Pet Type:

  • Dog
  • Cat
  • Others

By Pet Life-stage:

  • Adult
  • Kitten/ Puppy
  • Others

By Flavor:

  • Unflavoured
  • Flavoured

By Packaging Type:

  • Raw
  • Powdered
  • Dry & Dehydrated
  • Liquid & Gravy
  • Canned
  • Frozen & Freeze-Dried
  • Others

By Sales Channel:

  • Hypermarkets /Supermarkets
  • Convenience Stores
  • Discount Stores
  • Online Retail
  • Others Retail Formats

By Region:

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

Frequently Asked Questions

  • What is the Growth Outlook for the Monoprotein Market?
  • What is the Projected Rate of Monoprotein Market by 2032?
  • What is the Historical Outlook for Monoprotein Market?
  • What is the Future Outlook for Monoprotein Market by 2032?
  • Who are the Key Players Operating in the Market?
  • What are the Key Factors Affecting the Monoprotein Market Growth?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

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

Contact: 

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Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Fermented Chymosin Market Analysis by Size, Rising Demand, Business Growth Factors and Revenue Strategies From 2022 to 2032

The global fermented chymosin market is expected to gather a revenue of nearly US$ 6.7 billion by 2032, up from US$ 4.6 billion in 2022. The market is said to register a CAGR of 3.5% during the forecast period of 2022 to 2032.

Fermented chymosin is an enzyme that enables milk-clotting and is used for cheese production. Fermented chymosin is an excellent coagulant which is produced by the fermentation process. The commonly used micro-organisms for the production of fermented chymosin are Aspergillus niger and Saccharomyces (Kluyveromyces) lactis. Some manufacturers produce fermented chymosin with the help of recombinant DNA technology. The genes required for the production of chymosin enzyme are inserted in the micro-organisms, which are further used to produce chymosin by the fermentation process.

The Increasing Vegan Population Drive the Demand for Fermented Chymosin

According to a study done by Vegetarian Times, about 7.3 million individuals, i.e. 3.2% of the US adults follow a vegetarian-based diet. Out of 7.3 million people, one million people do not consume any animal products. The number of vegan population is increasing all across the world. The increase in vegan and flexitarian population is estimated to have a positive impact on the fermented chymosin market.

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The increasing demand for cheese is estimated to serve as a driver for fermented chymosin market. The major concern of the cheese manufacturers is to optimize the texture, taste, whey value, and slice ability of cheese to fulfill the increasing requirements of the consumers. Thus, fermented chymosin serves as a suitable coagulant as it helps to improve the taste and texture of cheese. Also, as the health-awareness among the consumers is increasing the manufacturers are trying to develop fermented chymosin that helps to lower the salt content of cheese. The manufacturers of cheese have the opportunity to develop cheese with low salt content to attract health-conscious consumers.

The presence of various alternatives such as animal and microbial rennet is anticipated to hamper the sales of fermented chymosin. The microbial rennet is an excellent substitute as it is not derived from animals and provides similar important properties as that of fermented chymosin. But the rennet obtained from animal and microbial source can also cause unwanted accumulation of the by-products and further can lead to contamination of rennet, and thus, the cost for purification of rennet increases. Therefore, the manufacturers are using genetic engineering to insert the rennet genes and are inserting it into some fungi and bacteria to obtain chymosin using fermentation process. Also, the GMO (Genetically Modified Organisms) are killed after the fermentation process to avoid the contamination of fermented chymosin.

Fermented Chymosin Market: Regional Analysis

The demand for cheese is anticipated to increase in the Asia Pacific region, which is expected to boosts the sales of fermented chymosin. The impact of western culture, rise in disposable income, increase in demand for fast-food, and large youth population is estimated to serve as a few drivers for the increase in the demand for cheese. Also, the vegan population is increasing at a high rate in the Asia Pacific. Thus, the increasing vegan population and demand for cheese are expected to create an opportunity for the fermented chymosin manufacturers to establish themselves in the Asia Pacific region.

Cheese consumption is high in North America and Europe but the changes in the consumer preferences are estimated to have a positive impact on fermented chymosin market. In recent years, the consumer demand for products free from animal-derived ingredients is increasing, and thus, fermented chymosin is a good option as it is aligned with the consumer requirements.

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Fermented Chymosin Market: Key Participants

Few key market players in the fermented chymosin market are:

  • Hansen A/S
  • Koninklijke DSM N.V.
  • Maysa G?da
  • Mayasan AS
  • Nelson-Jameson

The report covers exhaustive analysis on:

  • Fermented chymosin Market Segments
  • Market Dynamics
  • Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges pertaining to fermented chymosin market
  • Competition Landscape and Emerging Market Participants in fermented chymosin market
  • Technology related to Production/Processing of fermented chymosin
  • Value Chain Analysis of the fermented chymosin market

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Fermented Chymosin Market Segmentation

The fermented chymosin market can be segmented on the basis of form, end-use, and sales channel:

The fermented chymosin market can be segmented on the basis of the form as:

  • Liquid
  • Granules

The fermented chymosin market can be segmented on the basis of the end-use as:

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

The fermented chymosin market can be segmented on the basis of the sales channel as:

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

Frequently Asked Questions

  • What is the Growth Outlook for the Fermented Chymosin Market?
  • Which Region is Likely to Hold a Major Fermented Chymosin Market Share?
  • Who are a Few Key Players in the Fermented Chymosin Market?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Whole-Wheat Flour Market is Set for Lucrative Growth During 2022-2032 | Size, Share, Demand And Opportunities Analysis

The whole wheat flour market is expected to grab a stronghold in the global market at a promising CAGR of 6.7% during the forecast period. The global market holds a projected revenue of US$ 72.71 Bn in 2022, and this value is likely to cross US$ 130.34 Bn by the end of 2032.

Whole wheat flour is refined from whole wheat kernels into small, vitamin-and-mineral-loaded fuel, and fiber-rich for incorporation into healthier foods. Whole-wheat flour is a basic food ingredient, and it includes endosperm, the bran, and wheat grain germ which provides it a little darker colour thus making it more wholesome. Incorporation of whole-wheat flour in the baking of bread and other baked goods is increasing prominently owing to the growing demand for healthy foods and rising number of health-conscious consumers.

Healthful living is recognized as one of the megatrends, with whole-wheat flour being titled out as an example of this on-going trend in action, and customers’ favorite for naturally functional foods.
However, the factors that could take down the growth of the whole-wheat flour market includes, harder accessibility, costlier, and decreased shelf life.

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Millennials Impelling Growth for the Whole-Wheat Flour Market

As whole-wheat flour gives a more pleasant flavor and a chew with great character, it is gaining significant prominence among those going for healthier foods.
Millennials are leading the charge for whole grain baked good, which in turn is providing a significant boost to the whole-wheat flour market.
In an interview for Food Business News, it was discovered that half of the consumers are interested in whole-wheat flour and one in every four shoppers is going for whole-wheat flour.
Also, according to the data issued by the National Agricultural Statistics Service of the U.S. Department of Agriculture, the whole-wheat flour production accounted for just over 5% of United States flour production in 2017.
Also, it has been observed that the whole-wheat flour products that are shipped from distributors to foodservice operators, increased by more than 15% in 2017.

Whole-Wheat Flour Market: Key Developments

  • In July 2018, Ardent Mills announced its plans to collaborate with Arcadia Biosciences Inc., an agricultural food ingredient company, on wheat innovation. The project aims to improve the overall flavor of whole-wheat flour and extend the shelf life.
  • In March 2016, The King Arthur Flour Company introduced an identity preserved 100% whole grain whole-wheat flour.

Whole-Wheat Flour Market: Regional Analysis

  • Whole-wheat flour is growing at an astonishing rate – proving in the market after market that customers worldwide are beginning to understand the importance of enjoying more whole-wheat flour.
  • Whole-wheat flour is considered a favorite superfood in Central and Latin America due to its nutritional values and distinct taste.
  • Whole-wheat flour is considered one of the most extensive and vital resources for many native individuals in North America.
  • In India and the United Kingdom, white wheat is commonly used for making whole-wheat flour instead of red as in the U.S.

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Whole-Wheat Flour Market: Key Participants

Some of the market participants in the Whole-Wheat Flour market are:

  • The King Arthur Flour Company
  • Bob’s Red Mill Natural Foods
  • Gold Medal (General Mills)
  • Georgia Organics
  • Stone Ground (Arrowhead Mills)
  • Wheat Montana
  • Anson Mills
  • Heartland Mill Inc.
  • Siemer Milling Company
  • Lindsey Mills
  • Hodgson Mills
  • General Mills
  • Ardent Mills
  • Wilkins Rogers Mills
  • Prestige Group of Industries
  • Conagra Mills
  • Sunrise Flour Mill
  • Kishan Exports
  • Natural Way Mills
  • Belize (Archer Daniels Midland)

The research report presents a comprehensive assessment of the Whole-Wheat Flour market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.

The report covers exhaustive analysis on:

  • Whole-Wheat Flour Market Segments
  • Whole-Wheat Flour Market Dynamics
  • Whole-Wheat Flour Market Size
  • Whole-Wheat Flour Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Whole-Wheat Flour Market
  • Competition Landscape and Emerging Market Participants in Whole-Wheat Flour Market
  • Value Chain Analysis of the Whole-Wheat Flour Market

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Whole-Wheat Flour Market Segmentation

The Whole-Wheat Flour market can be segmented on the basis of product type, nature, end use, packaging, and sales channel

On the basis of product type, the market can be segmented as:

  • Whole Wheat Pancake Flour
  • Whole Wheat Bread Flour
  • Whole Wheat Pizza Flour
  • Whole Wheat Cracker Flour

On the basis of nature, the market can be segmented as:

  • Organic
  • Conventional

On the basis of applications, the market can be segmented as:

  • Bakery Products
  • Bread
  • Biscuits
  • Buns
  • Rolls
  • Cookies
  • Sweet Goods
  • Desserts
  • Tortillas
  • Others

On the basis of packaging, the market can be segmented as:

  • Bags
  • Supersacks
  • Bulk Tankers

On the basis of the sales channel, the market can be segmented as:

  • Direct Sales/B2B
  • Indirect Sales/B2C
  • Supermarket/Hypermarket
  • Retail Stores
  • Specialty Stores
  • General Grocery Stores
  • Online Stores

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Report Highlights:

  • Detailed overview of the parent market
  • Changing dynamics of the Whole-Wheat Flour market in the industry
  • In-depth market segmentation and analysis
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments in the Whole-Wheat Flour market
  • Competitive landscape of the Whole-Wheat Flour market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Whole-Wheat Flour market performance
  • Must-have information for Whole-Wheat Flour market players to sustain and enhance their market footprint

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Cheese Alternative Market Applications with Latest Trends & Forecast 2022-2032

The cheese alternative market share is expected to grow at a CAGR of 8.3% and reach a valuation of US$ 9.6 Bn by 2032.

The cheese alternative market outlook is projected to grow as consumers are on the lookout for healthy alternatives to dairy products due to the rise in cases of obesity & hypertension and adopting a healthy lifestyle to stay fit and improve their quality of life.

Therefore, the demand for cheese alternative products is likely to increase in the marketplace by end-users.

Consumers are purchasing products made from natural ingredients that do not contain animal-derived products. These factors are expected to positively influence the sales of cheese alternative products during the forecast period.

Many companies in the cheese alternative market are investing in developing products with a high nutritional profile but maintaining the conventional taste and texture of products. Cheese is an essential ingredient in different food products consumers ingest throughout the day.

It is harmful to consume cheese in higher amounts as it contains fats. As a result, consumers are searching for substitutes with better national value and low fats. Therefore, the demand for cheese alternative products is expected to rise in the near future.

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Demand for cheese alternative products is likely to be high in North America and Europe due to the easy availability of cheese alternatives at affordable prices.

Consumers are aware of the benefits of maintaining good health and are preventing food products that adversely affect their health which is likely to boost the cheese alternative market growth in the forecast period.

To utilize the shift in consumer preference, key players are launching different plant-based substitutes of cheese that are GMO-certified and gluten-free. Furthermore, due to these factors, the sales of cheese alternative products are anticipated to rise throughout the forecast period.

Key Takeaways from Market Study

  • The cheese alternative market statistics are expected to increase at a CAGR of 6.7% and 6.4% in North America and Latin America, respectively, through 2032.
  • The Asia Pacific is expected to account for 20% of its market share during the assessment year.
  • The European cheese alternative market share is expected to reach the US$ 84 Mn by 2032.
  • Growing customer preference for healthy and wholesome diets is driving sales of cheese alternative products globally.
  • By Form Type, the cheese dips hold the highest cheese alternative market trends and are expected to increase at a CAGR of 7% during 2022-2032.

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“Consumers are emphasizing on maintaining good health by consuming products that do not contain high amounts of fats, sugar and carbohydrates. Companies that interpret change in consumer need for healthy food alternatives are expected to generate more revenue in long run. Key players are focusing on developing plant- based alternatives that do not contain any chemical ingredients”- Analyst at Future Market Insights.

Competitive Landscape

Key players in the cheese alternative market are collaborating and developing new product lines to penetrate untapped markets during the forecast period.

  • Tofurky, the iconic vegan brand, is likely to expand its Moocho sub-line with additional vegan cheese products. Three types of vegan cheese shreds (Mozzarella, Cheddar, and Fiesta Blend) and three flavors of cream cheese are among the new goods (Plain, Garden Vegetable, and Strawberry).

Explore More Valuable Insights

The Future Market Insights report, it offers an impartial analysis of the global cheese alternative market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Cheese Alternative Market by Category

By Source, Cheese Alternative Market is Segmented as:

  • Analogue Cheese
  • Filled Cheese
  • Tofu-Based Cheese

By Application, Cheese Alternative Market is Segmented as:

  • Cheese Topping
  • Cheese Dip
  • Cheese Sauce
  • Ready Meals
  • Bakery
  • Others

By Sales Channel, Cheese Alternative Market is Segmented as:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region, Cheese Alternative Market is Segmented as:

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

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Key Questions Answered in the Report

  • How big is the Global Cheese Alternative Market?
  • What is the Growth Outlook for the Market Globally?
  • What is the Historical Growth Rate of Cheese Alternative Market?
  • What are the Key Trends Shaping the Cheese Alternative Demand Market?
  • What is the Growth Outlook for Cheese Alternative Market in North America?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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

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Brilliant Black BN Colors Market Provides In-Depth Detailed Analysis of the Industry, With Current Trends for Forecast period 2022-2032

The brilliant black BN food colors market is set to witness growth at a CAGR of 2.7% and top a market valuation of USD 6.73 Mn by 2032, while it holds a value of USD 5.11 Mn in 2022.

The global artificial food colors market is impelled by the highly growing demand for innovative, unique-looking food dishes, and altering taste and food appeal preferences. This trend has been complemented further due to the advent of social media among the populations worldwide, grabbing attention and pushing the demand for brilliant black Bn colors.

FMI study indicates that synthetic food colors will account for nearly USD 1.06 Bn of sales in the global market by the end of 2032. Out of this, the brilliant black BN colors market will have a market share of USD 6.73 Mn or just 0.7% by 2032. By volume, brilliant black BN colors had a consumption of 1200 metric tonnes globally in 2021.

The synthetic food colors market is for the masses and is widely used by almost every food processing industry across the world, unlike natural food colors which is a niche market. Brilliant Black, also called Food Black 1, Brilliant Black PN, Brilliant Black A is a synthetic black diazo that is highly effective and easily imparts intense uniform color in food and beverage products at a faster pace, expanding the brilliant black BN colors market size.

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The global brilliant black food colors market is dominated by the Indo-China region and Brazil. An increase in consumer discretionary income in regions such as the Asia Pacific, the Middle East, Latin America, and Africa has made it easier for customers to consume more ready-to-eat packaged food products propelling the demand for synthetic black food color.

Key Takeaways from Market Study

  • The Asia Pacific brilliant black BN market exhibited sales of 370 metric tons by volume in 2021 and is expected to grow at 2.37% CAGR, the highest among regions, between 2022 and 2032.
  • In Europe, the Middle East, Africa, and India profiled as the EMEAI region, the demand for Brilliant Black food colors is expected to grow at 1.73% CAGR between 2022 and 2032, while the Indian Subcontinent is poised to have a revenue of USD 680,000 by 2032, pushing the demand for brilliant black BN colors.
  • The North American Brilliant Black BN food colors market is upheld only by Mexico as the food colorant is banned in the US and Canada, fueling the demand for brilliant black BN colors in the region.
  • By application, the beverage industry holds the highest market share of about 26.98%. The biggest sub-segment for brilliant black market is Chocolate and Compound Coating which is anticipated to clock a revenue of USD 251,300 in 2022.
  • The meat and poultry industry has been ballooning in the recent past and there has been good traction from this industry for Food Black 1 colors. This industry’s consumption of brilliant black 1 was USD 216,000 in 2021.

 “Companies of synthetic food colors which produce Brilliant Black BN would gain significantly by targeting the confectionery and baked foods industry. Brilliant Black 1 is the first choice for newer food processing units due to its unique color and affordability. Establishing strategic alliances with global viennoiseries, candy, confectioneries, and bakery food brands would immensely help these synthetic food colorant brands,” says a Future Market Insights analyst.

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Competitive Landscape

Brilliant black BN colors market players have been heavily investing in research and development to reduce health hazards, minimize barriers to entry by convincing regulators in the market, while simultaneously making the product attractive to end-user industries and consumers, gaining the traction for the market and fueling the sales of brilliant black BN colors overall.

Also, large manufacturers such as Sigma-Aldrich International GmbH are moving towards web-based marketing and acquiring innovative regional units. Besides this, they are focusing on better supply channels using the latest software technology to make the colors more realistic including brilliant black BN colors. China and the East is major suppliers for reactive, disperse, and many other dyes.

Latest Market Developments

  • Vinayak Ingredients Pvt Ltd., completing its 45th year into the food color market, being one of the first menthol producers in India has deployed its new batch of brilliant black BN color that is primarily used in decorations and coating and color confectionary. This drives the sales of brilliant black BN colors globally.
  • Sensient food colors have upgraded their brilliant black BN colors that come with better water solubility and strong heat stability, giving it an edge around the counterparts, pushing the overall demand for brilliant black BN colors in new regions.

Brilliant Black BN Colors Market By Category

On the basis of form, the Brilliant Black BN colors market has been segmented as follows:

  • Solid
  • Powder
  • Granulated

By Application, Brilliant Black BN colors Market is Segmented as:

  • Beverage
  • Bakery, Snacks, and Cereals
  • Candy/ Confectionery
  • Dairy
  • Fruit Preparations/ Fillings
  • Meat, Poultry, Fish, and Eggs
  • Potatoes, Pasta, and Rice
  • Sauces, Soups, and Dressings
  • Seasonings
  • Pet Food

By Region, Brilliant Black BN Colors Market is Segmented as:

  • Global
  • North America
  • Latin America
  • Europe, the Middle East and Africa, and India
  • Asia Pacific

Frequently Asked Questions

  • How Big is the Brilliant Black BN Colors Market?
  • How Much Does Bakery, Cereal, and Snack Industry Contribute to Food Colors Market?
  • What is the growth outlook of Brilliant Black BN Colors market in EMEAI?

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