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The rising awareness among consumers about a multitude of health benefits of plant-based sources of protein has been aiding the market for texturized vegetable protein. Future Market Insights (FMI) in a new study has forecast the market to reach US$ 1.03 Bn by the end of 2022. Growth forecasts continue to remain positive for the market, thanks to increasing number of vegetarian population worldwide.

Continuously increasing demand for food & beverage products which provide nutritional benefits with sensory taste is one of the major factor driving the demand for texturized vegetable protein. Due to increasing awareness regarding animal cruelty and environmental damages caused by excessive consumption of might the demand for texturized vegetable protein is expected to increase.

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These protein sources also contain lower amount of saturated fat and cholesterol as compared to meat products hence are considered to have more health benefits. Among products available, the demand for soy protein is expected to be the highest. As per FMI, the soy protein segment is forecast to account for over 80% of the market through 2031.

Key Takeaways from the Texturized Vegetable Protein Market Study

The North American texturized vegetable protein market leads in terms of market size and accounts for 30.1% of the global texturized vegetable protein market in 2021. The Soy Protein texturized vegetable protein market is expected to have a market share of 70.0% of the global texturized vegetable protein market in 2031. In the nature segment, Conventional holds 97.9 % of the texturized vegetable protein market.

In the end-user segment, Industry holds the maximum market share of 76.1% in 2021 of texturized vegetable protein market where Meat Analogues holds 42.8% globally in 2021. Soy protein has a major share by product type and is anticipated to grow significantly over the forecast period. North America have a large number of companies and thus, majority of companies are emphasizing on offering non-GMO products, which are processed through extrusion-based technology, with enhanced functional properties so that their product can comply with strict requirements of clean label products.

“Benefits of opting vegan proteins are now gaining popularity due to which many big companies are investing in the production and innovation of texturized vegetable protein. Several manufacturers are acquiring or merging with key companies to expand their product portfolio and increase their market share. E-commerce and online stores are easing entry barriers and distribution costs. These factors are expected to make competition fiercer within the market” said a lead analyst at FMI

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Who is Winning?

The global population is increasing at a rapid rate and it is expected that the population will be around 9.5 Bn by 2050 from 7 Bn in 2017. The situation is set to put quite a strain on the food and supply of raw material, resulting in the need for alternate protein sources. Key players operating in the market are adopting various strategies, which include expansion of production capacity and launch of various products.

A few of the leading players operating in the texturized vegetable protein market are Archer Daniels Midland Company, CHS Inc., Roquette Frères, Beneo GmbH, Danisco A/S, Vestkron A/S, Cargill Inc., FUJI OIL CO., LTD., Puris Proteins, LLC., MGP Ingredients, Inc., Crown Soya Protein Group, Sotexpro SA, Wilmar International Ltd., Gushen Biotechnology Group Co., Ltd., Ingredion Inc.

Texturized Vegetable Protein Market Key Segments

Product Type

• Soy Protein
• Wheat Protein
• Pea Protein
• Rice Protein

Nature

• Organic
• Conventional

Form

• Chunks
• Slice
• Flakes
• Granules

End Users

• Household
• Commercial
• Industry
  • Food Industry
    • Bakery
    • Snacks
    • Ready Meals
    • Sports Nutrition
    • Clinical Nutrition
    • Baby Food
    • Meat Analogues
    • Others
  • Animal Feed

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Distribution Channel

• Direct
• Indirect
  • Store Based
  • Hypermarket
  • Convenience St.
  • Traditional Store
  • Online Retails

Region

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

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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According to a new study by FMI, sales of taurine are expected to be valuated at ~US$ 250 Mn, towards the end of 2019. While gains will be underpinned by a slew of factors, including changing regulatory scenarios, the report suggests that wide applications of taurine, and research and development for the launch of innovative products will also contribute significantly to the sales of taurine in the near future.

Driven by diverse end-use applications, the global taurine market is set to reach US$ 364.4 Mn by 2021. Growth forecasts continue to remain strong, thanks to rising focus on health and wellness. The market will witness impressive growth opportunities through the forecast period, especially as application continues to surge in beverage sector.

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Taurine is increasingly used in various health drinks and energy drinks. FMI has forecast, the beverage segment to account for lion’s share of the global market through the forecast period. Taurine an essential amino acid is structurally as well as functionally for the body. Taurine plays a crucial role in human beings, pet, as well as fish. This is owing to the reason that taurine has such wide and essential applications.

In the European Union and China, taurine is considered essential in fish feed and is also authorized to be used for all species of fishes. There are rising speculations of replacing meat and marine-based products from the fish feed with alternate protein sources. Plant-based protein for instance soybean meal with taurine makes an excellent meal for fish, comprising of all essential nutrients required.

Key Takeaways from the Taurine Market Study

• Taurine market will continue showcasing solid growth through forecast period. It is projected to record 6.9% Y-o-Y growth in 2021
• The U.S. will continue exhibiting high demand and account for dominant 82.6% of the North America market
• Growth in the U.K. to remain positive as the country is forecast to exhibit 4% Y-o-Y growth in 2021
• France and Germany will emerge as lucrative pocket for taurine sales in Europe
• While growth rate in Japan and South Korea will remain positive, China is expected to account for leading market share through forecast period

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Taurine in Energy Drinks

Taurine is a crucial ingredient in energy drinks and is prominently used by key manufacturers such as Redbull, Monster Drink. Energy drinks claims to have several health benefits, owing to which millennials and gen-z are anticipated to gravitate towards these products and taurine will experience a cascading effect of increase in demand in the forecast period.

Several leading manufacturers of taurine are focusing on strengthening production capacity and distribution channels to expand their footprint in the global market. Leading players also are investing in research and development to produce organic, non-GMO ingredients for Taurine and to develop a novel production process that will also be suitable for consumption by vegan and flexitarian.

Manufacturers are also seen capitalizing on the opportunity in the food processing industry. Taurine is known to act as an emulsifier and flavoring agent in many processed food. Manufacturers are producing baby food formula with taurine as an ingredients that are targeted for neonatal who are born under-weight or premature.

• In August 2019, Foodchem International Corporation commenced the expansion project in Jiangxi Province, China owing to the rising demand of taurine.
• Qianjiang Yongan Pharmaceutical Co., Ltd., is further planning to expand its production capacity of taurine. For supporting this aim, the company has started strengthening its distribution network by opening warehouses and storage capacity.

Alternate Source of Taurine in Development

The increasing vegan population has bolstered the need for an alternate source of taurine, either plant-based or synthetic process. A large number of taurine manufacturers depend on the latter method for taurine production as chemical processes are easy to control and can alter production quantity as per requirement. The synthetic production process of taurine also requires less number of raw material, whereas natural sources such as algae need to be handled well for adequate production of taurine.

Taurine manufacturers are developing these innovative processes and patenting under their name to maintain their market position with high quality of taurine.

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Get Valuable Insights into Taurine fiber Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Taurine market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Taurine market based on End Use Application (Food, Beverage, Animal Feed, Pet Food, Pet Supplements, Dietary Supplements, Cosmetics & Personal Care Products, Agriculture, and Pharmaceuticals), across seven major regions.

Key Segment

End Use Application

• Food
  • Dairy Products
  • Infant
  • Bakery Products
  • Cereal Products
• Beverage
  • Energy Drinks
  • Caffeinated Drinks
  • Soft & Carbonated Drinks
• Animal Feed
  • Aquaculture Feed
  • Poultry Feed
• Pet Food
  • Cat Food
  • Dog Food
• Pet Supplements
  • Cat Food
  • Dog food
• Dietary Supplements
• Cosmetics & Personal Care
  • Skin Care Products
  • Hair Care Products
  • Toiletries
• Agriculture
• Pharmaceuticals

Region

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

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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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In a recent market analysis, Future Market Insights (FMI) has projected the global sorbitan esters market to expand at a steady 5.6% CAGR between 2021 and 2031. Driven by increasing applications of sorbitan esters in the food and beverage and personal care industry, the market valuation is forecast to top US$ 756.4 Mn in 2021.

Sorbitan esters are used as surfactants and solubilizers in cosmetics in a wide range of products including skin care products, eye makeup, cleansers, face creams, and other makeup, beauty, and personal care products.

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They are also used as wetting agents and dispersants in cosmetic products, particularly in color cosmetics and sun care products. The accessibility of global brands and higher purchasing power worldwide is expected to drive sales of cosmetics products. As a result, demand for sorbitan esters is projected to increase at a steady pace over the forecast period.

Sorbitan Esters Market: Drivers and Restraints

Sorbitan Ester is an FDA-approved drug that can be used in pharmaceuticals, food and beverages, and cosmetics. These sorbitan esters are used in a variety of applications in the food and beverage sector as solubilizers, stabilizers and emulsifiers. With the constant growth of the global food and beverage industry, it is only natural that it would contribute to the development of the global sorbitan ester market. Additionally, sorbitan esters are gaining popularity as they enable efficient processing and improve aeration, quality and stability of food products.

Another important growth driver for the global market for sorbitan esters is the booming cosmetics and personal care industry.This, along with its application in the pharmaceutical and agricultural industries, is also an important factor in the growth of the global market.

Rising awareness regarding harmful effects of chemicals in food and personal care products is shifting consumers’ preference towards natural ingredients and organically sourced food products. This is compelling manufacturers to launch clean label products in the market, which in turn is boosting sales of sorbitan esters.

Apart from this, sorbitan tristearate is widely utilized as a surface-active component in food and beverages to reduce viscosity. Increasing applications og sorbitan tristearate desserts, garnishes, jams, jellies, and marmalades is expected to spur demand for sorbitan esters in the confectionary sector.

In addition to this, growing utilization of sorbitan esters in cocoa and chocolate products is likely to boost demand for sorbitan esters.

“Increasing demand for sorbitan esters from the pharmaceutical, textile leather, and agriculture industries, coupled with new products launches by manufacturers to meet clean labeling criteria will continue augmenting growth of the global sorbitan esters market over the forecast period,” says an FMI analyst.

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Key Takeaways:

• The food and beverage processing segment is expected to account for 44.4% of the total sorbitan esters market share in 2021.
• Based on form, sales of liquid sorbitan esters are projected to grow at a 5.2% CAGR through 2031.
• The sorbitan tristearate segment is anticipated to account for 29.0% of the total sorbitan esters market share in 2021.
• In terms of grade, the food grade segment is expected to expand at a 5.3% CAGR through 2031.
• The U.S. is projected to account for 82.3% of the total North America sorbitan esters market share.
• Russia will continue exhibiting high demand for sorbitan esters, with sales growing at a 4.0% CAGR.
• Sales of sorbitan esters in Germany are projected to rise at a 4.6% CAGR through 2031.
• Sorbitan esters market in China is expected to expand at a 6.3% CAGR over the forecast period.
• India will emerge as a lucrative market, with sales growing at a healthy 7.4% CAGR through 2031.

Competitive Landscape

Some of the leading companies offering sorbitan esters are:

• Mosselman s.a.
• Danisco
• Penta Manufacturing Company
• Merck KGaA
• Union Derivan
• A.,  Oleon N.V.
• Ivanhoe Industries, LLC,
• Lasenor Emul, S.L.
• Vantage Specialty Chemicals, Inc.
• Lonza AG and others.

Key players operating in the global sorbitan esters market are investing in strategic collaborations, mergers and acquisitions to expand their production facilities and distribution networks. Apart from this, players are focusing on research and development to launch innovative and plant-based sorbitan esters to cater to a growing customer pool.

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More Insights into the Sorbitan Esters Market Report

By Product Type:

• Sorbitan Tristearate
• Sorbitan Monostearate
• Sorbitan Monooleate
• Sorbitan Trioleate
• Sorbitan Monopalmitate
• Sorbitan Monolaurate
• Sorbitan Sesquioleate

By Application:

• Cosmetics and Personal Care Products
  • Facial Care
  • Body Care
  • Others
• Food and Beverage Processing
  • Confectionery
  • Bakery
  • Oil and Fats
  • Non-alcoholic Beverages
  • Alcoholic Beverages
  • Soups, Sauces and Gravies
• Pharmaceuticals
• lubricants and Waxes
• Animal Nutrition and Pet Food
• Industrial
• Textiles

By Form:

• Liquid
• Solid/Powder
• Semisolid/Paste

By Grade:

• Food Grade
• Industrial Grade
• Pharmaceutical Grade

By Region:

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

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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The global market for building thermal insulation is witnessing a rise in adoption of a variety of thermal insulation materials such as mineral wool, fiberglass, and plastic foams. Ongoing innovation in foamed insulation materials is expected to emerge as a popular trend in the building thermal insulation market.

Furthermore, increasing adoption of building thermal insulation materials in the residential sector is expected to trigger incremental growth of the market in the coming years

Thermal insulation is one of the most commonly known phenomena in the construction industry, which is implemented to reduce the transfer of heat between the adjacent environments. Thermal insulation plays an important role in maintaining ambient temperatures indoors naturally, without having to use additional energy for the same.

In the modern construction industry, thermal insulation in buildings is also considered a way to reduce the carbon footprint of these commercial activities while putting a limit on the conduction of heat to the outdoor environments.

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Heightened Concerns over Energy Conservations Trigger the Use of Building Thermal Insulation

The global market for building thermal insulation is primarily driven by the increasing awareness about the alarming rise in energy consumption and its negative impact on the environmental health. End users are becoming more concerned about their contribution to the carbon footprint of the world and are resorting to options that promote energy conservation through various applications. Especially in developed countries, the use of building thermal insulation has grown significantly, creating immense potential for growth for stakeholders in the market.

A majority of leading economies and industrialised countries adopted and implemented the Kyoto Protocol in the late 1990s, which promotes use of modern techniques that mitigate energy consumption and greenhouse gas emission. Today, with the alarming rise in global warming and declining reservoirs of natural resources, most end users in the construction industry across developed countries are insisting on the use of methods that facilitate the conservation of precious energy.

Tax Rebates for Homeowners that Implement Insulation to Create New Opportunities for Stakeholders

Governing bodies around the world are also introducing regulations as well as policies that promote building thermal insulation. Furthermore, by offering tax rebates to homeowners that meet the standard of insulation through re-insulation as well as new home insulation, policymakers are encouraging end users to resort to the option of building thermal insulation.

In addition to this, public awareness about the importance of thermal insulation and its impact on the environment will emerge as an important driving engine for the global market for building thermal insulation in the coming years.

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Building Thermal Insulation Market: Segment Analysis

The building thermal insulation market can be segmented on the basis of the following:

By Material

• Wool Insulation/Open Cell
• Stone Wool
• Fiberglass Wool
• Plastic Foams/Closed Cell
• Extruded Polystyrene
• Polyurethanes

By Building Type

• Residential
• Commercial
• Industrial

By Application

• Roof Insulation
• Pitch Roof
• Flat Roof
• Wall Insulation
• Air Cavity Wall
• External Wall
• Internal Wall
• Floor Insulation

Building Thermal Insulation Market: Region-wise Analysis

Based on the geographical factors, the building thermal insulation market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Being one of the largest consumers of thermal insulation materials, the construction industry in North America is expected to create new growth opportunities for stakeholders in the global building thermal insulation market.

Furthermore, strict governmental regulations about home insulation will further create a favourable growth environment for stakeholders in the region. The insulation market in the European Union is witnessing positive growth, and this is leading the region to account for a significant growth share in the global market for building thermal insulation.

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The state as well as private sector is witnessing a surge in real estate investments coupled with the ongoing constructions in commercial buildings such as corporate buildings, shopping malls, music studios, and sound quality auditoriums, which is further amplifying the growth potential of Europe’s building thermal insulation market.

On the other hand, despite relatively lower awareness about energy conservation, Asia Pacific is emerging as the fastest growing regional market for building thermal insulation. The growing construction activities in commercial and non-residential sectors of developing economies in Asia Pacific, especially in China and India, are contributing to the growth potential of the Asia Pacific building thermal insulation market.

About FMI

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

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As per a recent market analysis by Future Market Insights (FMI), the meal kit delivery services market is poised to reach a valuation of US$ 14.63 Bn in 2022. Sales are projected to increase at a 15% CAGR, with the market size reaching US$ 59.2 Mn by 2032.

Key players operating in the meal kit delivery services market are opting for a multi-brand expansion strategy. They are focused on expanding their market penetration in different regions by adopting an aggressive expansion strategy.

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HelloFresh Group for instance, recently in April 2022, announced its first market entry in Asia, a step in line of its international expansion goal. Besides this, HelloFresh Group is also further focused on expanding its international penetration through rapid acquisitions.

HelloFresh acquired Green Chef Company in the year 2018, Ready-to-Eat Meal Company Factor75, Inc. in 2020, Youfoodz in 2021, and others. All of such efforts on the part of well-established players is likely to further scale up market growth in the coming years.

Consumer spending on meal kits and grocery boxes has rapidly increased especially in the U.K. Furthermore, the rapidly growing demand for meal delivery kits from urban areas as well as rural areas is likely to escalate the sales of meal delivery kits in the coming years.

Key Takeaways from the Meal Kit Delivery Services Market Study

By offering type, heat and eat segment is expected to witness highest growth over the forecast period (2022-2032)
In terms of meal type, vegan segment will gain traction through 2022 & beyond
By sales channel, online segment is expected to witness robust growth between 2022 and 2032
Australia is expected to dominate the Oceania meal kit delivery services market on the back of growing trend of veganism
India is expected to witness fastest growth in South Asia meal kit delivery services market backed by the presence of leading food delivery chains

“Increasing health consciousness has further encouraged the players operating in the meal kit delivery services market to expand their meal offerings to include vegan and plant-based meals in their offerings. This is anticipated to boost the market over the forthcoming decade”, says an FMI analyst.

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Who is winning?

Key players are undertaking extensive efforts to promote their meal kit delivery services. Market players are focused on undertaking promotional strategies to voice out their service penetration in different markets.

Some of the major players present in the meal kit delivery services market are Blue Apron LLC, Freshly Inc., Hello Fresh Group, Sun Basket, Relish Labs LLC, Gobble, Marle Spoon Inc., Purple Carrot, Hungryroot and among others.

Meal Kit Delivery Services Market by Category

By Offering Type:

Heat & Eat
Cook & Eat

By Channel:

Online
Offline

By Meal Type:

Vegetarian
Vegan
Non-vegetarian

By Type:

Economic Meal Kit
Premium Meal Kit

By Region:

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

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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

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