Market Research Blog – Page 1147 – New Product Development

Sales of Liquid Smoke Market to Reach USD 245 Million by 2033, Driven by Rising Demand for Smoky Flavors in Food Products

According to Future Market Insights, the global liquid smoke market is billowing with opportunity, projected to reach a savory valuation of USD 245 million by 2033. This industry offers a flavorful investment opportunity, catering to the growing consumer demand for convenient, healthy, and flavorful food options. Liquid smoke, a water-soluble condensate of condensed wood smoke, adds a smoky taste to various food products without the hassle of traditional smoking methods.

Demand for Liquid Smoke on the Rise

Consumers are increasingly seeking out convenient and flavorful food options, driving the demand for liquid smoke:

Convenience Reigns Supreme: Busy lifestyles are fueling the demand for convenient and easy-to-use ingredients. Liquid smoke allows for quick and effortless incorporation of smoky flavors into various dishes.
Flavor First: Liquid smoke offers a delicious and rich smoky taste, enhancing the palatability of different food products. It’s a popular choice for those seeking bolder flavors without the commitment of traditional smoking.
Healthier Alternative: Liquid smoke is perceived as a healthier alternative to traditional smoking methods, as the carcinogenic elements are filtered out during processing.

Growing Factors Fueling Market Expansion

Beyond core consumer demand, several key factors are creating a promising investment landscape in the liquid smoke market:

Sustainability Matters: Liquid smoke is a more sustainable option compared to traditional smoking methods. It reduces wood consumption and eliminates the harmful pollutants associated with open fires.
E-commerce Boom: The growing popularity of online grocery shopping is providing a significant boost to the liquid smoke market. Consumers now have easy access to a wider variety of liquid smoke products from the comfort of their homes.
Global Palate Craving Smoke: The international market for liquid smoke is experiencing significant growth, particularly in regions like China with a rising middle class and increasing disposable income.
Product Innovation: Manufacturers are constantly innovating and developing new liquid smoke flavors and applications, catering to diverse consumer preferences.

Key Takeaways from the Report:

Based on application, meat and seafood segment will continue to dominate the global liquid smoke market during the forecast period.
By distribution channel, online stores segment will grow at a significant pace over the next ten years.
The United Kingdom liquid smoke market size is projected to reach US$ 13.0 million by 2033.
The USA liquid smoke market is expected to expand at a CAGR of 6.9 % during the projection period.
Liquid smoke demand in Japan is poised to surge at 9.4% CAGR between 2023 and 2033.

Who is Winning?

Leading manufacturers of liquid smoke include Azelis Holdings S.A., B&G Foods, Inc., International Flavors & Fragrances, Inc., McCormick & Company, Inc., Kerry Group PLC, Colgin, Inc., MSK Ingredients Limited, PS Seasoning, Baumer Foods, Aminola, Sacchetto SpA, and Others

Secure Your Copy Now: Gain full access to the Liquid Smoke Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Liquid Smoke Industry by Category

By Smoke Type:

Hickory
Mesquite
Applewood
Others

By Application:

Bakeries
Beverages
Dairy
Meat and Sea Food
Pet Food
Others

By Distribution Channel:

Supermarkets
Departmental Store
Modern Trade
Food Chain Services
Online Stores
Food and Liquid Store
Others

By Region, Liquid Smoke Market is Segmented as:

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

About Future Market Insights (FMI)

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

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Wheat Protein Market Worth USD 5.7 Billion by 2033, Shows 5.3% CAGR Growth | FMI

The wheat protein market is expected to be worth US$ 3.4 billion in 2023, with total Wheat Protein revenue expected to grow at a 5.3% CAGR from 2023 to 2033, reaching around US$ 5.7 billion.

The wheat protein market was valued at US$ 3.3 billion in 2022 and is estimated to increase at a 4.7% CAGR during the forecast period. Absolute dollar growth in the global market is $2.3 billion. Rising demand for wheat protein from various end-use sectors, combined with rising consumer desire for meat-free diets, is a primary factor driving the global wheat protein market.

Wheat protein market growth is predicted to be driven by increased plant-based diet adoption as well as a rise in the number of people adopting vegan diets in developing economies. Furthermore, a growing senior population, rising income levels, and increased urbanization are projected to drive product demand.

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Wheat protein has outstanding possibilities for a wide range of sectors due to several advantages. Bakery items, flour milling, meat replacer, pasta, aqua-feed, breakfast cereal, milk replacer, and pet food are just a few of the applications. The flour miller, also known as the baker’s adjustment, is the most basic and extensively utilized application of wheat protein. As a result, market expansion is expected to be fueled by such a diverse variety of applications for various end-use industries over the forecast period.

Although whey protein isolates are more filtered and processed than whey protein concentrates to successfully eliminate more lactose, those with even a little lactose allergy should avoid such products. Lactose intolerance occurs when the body is unable to digest lactose, a natural sugar found in dairy products such as milk. Plant-based alternatives such as wheat protein are the best option for customers who wish to increase their protein intake for health or training objectives, which may contribute to market growth.

Key Points

Wheat Protein Market is expected to develop at a 5.3% CAGR from 2023 to 2033.
The Wheat Protein Market was dominated by North America.
By 2033, the Wheat Protein Market is estimated to exceed US$ 5.7 billion.
Wheat gluten dominated the product group from 2023 to 2033, accounting for the highest sales share of 3.2%.
China and India are two of the leading producers.

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Recent Developments

In September 2020, ADM introduced Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat protein, both of which add flesh-like texture to meat and seafood substitute products. They feature a clean taste, a white color basis, and faster water absorption and hydration rates.
MGP Ingredients will debut the ProTerra line of textured proteins in April 2020. ProTerra is ideal for use as an extension or partial substitute for meat in vegetarian/vegan applications, as well as in blended products.
Agrana opened a new wheat starch processing plant in Austria in November 2019. Agrana will be able to increase its wheat starch production capacity thanks to the new plant. Agrana’s enlarged wheat starch mill can process about 650,000 tonnes of wheat per year to create 50,000 tonnes of wheat gluten.
In July 2019, Cargill invested US$ 200 million in the production of wheat-based ingredients at its Krefeld, Germany, manufacturing facility. This investment will enable the company to diversify its wheat protein portfolio and address the growing market demand for protein-rich foods.

Wheat Protein Market Key Segment

By Product:

Wheat Gluten
Wheat Protein Isolate
Hydrolysed Wheat Protein
Textured Wheat Protein

By Form:

Dry
Liquid

By Application:

Animal Feed
Bakery & Confectionary
Nutrition Supplements
Dairy Products
Cosmetics and Personal Care
Other Applications

By Region:

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

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Food Botanicals Market to Reach USD 272.8 Billion by 2034, Driven by Growing Demand for Plant-Based Diets Among Vegetarian and Vegan Consumers

The worldwide food botanicals market size is expected to be USD 219.4 billion in 2024. The sector’s progress is expected to happen at a CAGR of 2.2% from 2024 to 2034. By the end of the forecast period, the food botanicals industry value is slated to hit USD 272.8 billion.

Demand for botanicals in food is accelerating due to the rising number of vegetarian and vegan consumers. While adopting plant-based diets, these consumers want to ensure that health is not skimped on. Thus, there is greater demand for botanicals in food.

Food botanicals’ therapeutic properties, as well as consumer demand for functional foods, have propelled the market for food botanicals to new heights. However, a lack of dosing directions, potential toxicity hazards, and the adoption of contemporary treatments may stymie the market’s growth.

Nonetheless, the growing preference for organic goods, as well as technical improvements in the area, present significant growth prospects for the food botanicals market over the forecast period.

Within the global market for food botanicals, the appeal of food products created from plant materials has been at the forefront of growth. Furthermore, the demand for herbs and spices has been increasing at an exponential rate, contributing to the overall expansion of the global food botanicals market.

Botanicals are widely used in food and dietary supplements because they have a variety of qualities that aid in the improvement and maintenance of health. Botanicals are available in a variety of forms, including dried or fresh items, tablets, liquid, capsules, and powder.

Key Takeaways from the Market Study

The food botanicals market is expected to expand at CAGRs of 8% and 9.3% in Latin America and the Middle East & Africa, respectively, through 2032.
Market share of South Asia and Oceania is 18.3% and 9.6%, respectively, in 2022, as the plant-based protein is in great demand amongst vegetarians, and this factor is expected to create lucrative opportunities within the global market for food botanicals.
The numerous varieties of food botanicals available on the market, together with improvements in the global food sector, will drive the worldwide food botanicals market to record high revenues.
Among the source segment of the food botanicals market, the leading category is the plant, which represents 32.4% market share in 2022, and is anticipated to grow up to 35.8%, with a CAGR of 5.7%.

“The availability of well-known botanicals as dietary supplements is driving market expansion globally. Food botanicals are also growing in popularity in Europe and North America as a result of increased research and development.” says a Future Market Insights analyst.

Competitive Landscape

Manufacturers are focusing on the opportunity as the crucial driver driving the worldwide food botanicals market is the rising prevalence of chronic diseases such as diabetes, cardiovascular disease, and arthritis, as well as the long-term use of modern pharmaceuticals, which leads to additional negative effects.

In addition, the growing use of botanicals in the cosmetics industry, particularly in hair and skincare products, is expected to propel the sales of the global food botanicals market benefitting the manufacturers.

Market Taxonomy: Food Botanicals Market

The report offers a detailed analysis of all the market segments in the report, along with a detailed description of all the stages through which food botanicals pass before reaching end-users. These stages include raw material suppliers, manufacturers, and end-users. The report also comprises key metrics such as year-on-year growth, revenue, market size, absolute dollar opportunity, CAGR, basis point share, and other key numbers.

Region :

North America
Latin America
Europe
Japan
APEJ
MEA

Source :

Plants
Algae
Fungi or Lichens

Form :

Dried Plants and Leaves
Oelioresins
Essential Oils
Other Form

Application :

Beverages
Confectionery
Supplements
Flavor Enhancers
Other Applications

End Users :

Commercial
Residential

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Fortified Dairy Products Market to Reach USD 48.28 Billion by 2034, Driven by Rising Nutrient Deficiencies and Government Support for Food Fortification

The global fortified dairy products sales are valued at USD 28,400 million by 2024 and are estimated to reach a value of USD 48,280 million by 2034, with the global market reflecting a CAGR of 5.4% over the assessment period 2024 to 2034

Globally rising rates of nutrient deficiencies are driving individuals to look for foods products with added health benefits. In an effort to fight hunger and deficiencies, governments and health groups are also supporting food fortification, which is driving up demand for fortified dairy products.

Increased customer interest is anticipated as a result of the ease with which probiotics, vitamins, minerals, and other nutrients can now be added to dairy products without sacrificing flavor or quality because to technological developments in food fortification processes.

It is expected that North America and Europe will continue to hold leading positions in the region because of their well-established dairy sectors and high levels of consumer health concern. There is a particularly high demand for fortified milk, yogurt, cheese, and baby formula in these areas.

The Asia-Pacific area, on the other hand, is predicted to increase at the fast rate. With their sizable populations and high incidence of nutritional inadequacies, countries like China and India offer substantial prospects for expansion. Furthermore, emerging countries in Latin America and the Middle East and Africa are anticipated to rise rapidly as a result of bettering economic conditions and rising consumer awareness.

Key Takeaways from Market Study

North America lead the Fortified Dairy Products Market, with a 45 percent share.
The worldwide Fortified Dairy Products market is predicted to grow rapidly in Asia Pacific excluding Japan (APEJ) due to increased demand for healthier foods..
During the forecast period of 2022-2032, the flavoured milk category is predicted to develop at the fastest rate in terms of value, with a CAGR of x.x %.
During the forecast period of 2022-2032, the mineral segment is predicted to develop at the fastest rate in terms of value, with a CAGR of 7.3 %.
Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“The Fortified Dairy Products Market is being propelled by increasing technological innovation, which promotes the production of dairy products that are favourable to one’s health.”, –says a lead analyst at Future Market Insights.

Competitive Landscape

Fortified Dairy Products have a strongly competitive global market. The Fortified Dairy Products Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.

Some of the leading companies offering Fortified Dairy Products are Arla Foods UK Plc, Nestlé S.A., BASF SE, General Mills, Inc., Danone, Dean Foods Company, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd, GCMMF Ltd., and Fonterra Group Cooperative Limited.

To Gain More Insights about this Research, Visit! https://www.futuremarketinsights.com/reports/fortified-dairy-products-market

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Fortified Dairy Products presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the Fortified Dairy Products based on Micronutrients (Minerals, Vitamins, Other Fortifying Nutrients),Type (Flavored Milk, Milk , Dairy Based Yogurt , Milk Powder, Cheese, Other Products), Sales Channel (Drug Stores Departmental Stores, Convenience Stores, Modern Trade, Online Stores, Other Sales Channel).

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Banana Flakes Market to Hit USD 810 Million by 2032, Boosted by Rising Global Demand for Organic and Healthier Food Options

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Banana Flakes are estimated to reach a value of USD 810 million by 2032, surging at 4.6% CAGR through the decade.

The growing demand for organic goods in both developed and developing countries has a big influence on the global banana flakes market. As people become even more increasingly health – conscious across the world, there is a growing desire for healthier foods.

Organic food consumption is becoming more popular throughout the world, with people becoming more interested in organic production practices. Growing market for gluten-free, organic, and nutritious products is anticipated to raise the demand for banana flakes over the next decade.

The growth of fast service local restaurants outlets in emerging countries including the Middle East and Africa, as well as Asia and the Pacific, has resulted in a favourable shift in demand for banana flakes as a healthy fast food alternative.

This trend is expected to continue and extend throughout developed regions in the coming years. Despite the fact that conventional is the more popular source in terms of units eaten, the organic category is projected to grow at the rapid pace in terms of revenue throughout the forecast period.

Key Takeaways from Market Study

Banana flake consumption in India is predicted to expand at an annual pace of over 8%.
With a growth expected to surpass 6%, Germany is one of the most important countries in the European Snack Pellets market.
During the forecast period of 2022-2032, the organic category is predicted to develop at the fastest rate in terms of value, with a CAGR of 6.5 percent.
As banana flakes are gluten-free, their popularity is predicted to grow as a result of their health benefits.
Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“ The growing focus on the consumption of organic food products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights.

Competitive Landscape

Banana flakes have a strongly competitive global market. To stay ahead of the game and outperform their competitors, businesses are using innovative methods such as expanding their worldwide client base and utilising various advertising approaches.

They’re focusing on increasing production capacity and also doing research and innovation to create products that highlight the nutritional advantages of banana flakes.

Some of the leading companies offering Snack Pellets are Orkla Group, Raeler Fruchtchips GmbH, Om Foods Inc, Van Duren Farms, Johs. Thoms GmbH & Co. KG, Tradal Brazil, Z Natural Foods, Symrise, Seawind International LLC, VINJ-Food,Dermasal., Nutritional Designs, Inc., Futurcorp S.A., Cosmo Foods, Agro America, and Grupo Industrial Michel.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the banana flakes presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the banana flakes based on by Application (Household, Food & Beverage Industry), Source (Organic, Conventional), Sales Channel (Direct Sales, Indirect Sales), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, APEJ, and MEA).

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Banana Flour Market to Reach USD 892.8 Million by 2034, Driven by Growing Demand for Gluten-Free and Health-Conscious Food Options

The banana flour market demand is anticipated to reach a valuation of US$ 628.7 million in 2024. The industry is projected to be worth US$ 892.8 million by 2034, rising at a CAGR of 3.6% between 2024 and 2034. The market is on an upward trajectory, primarily fueled by its versatile applications and the escalating consumer demand for gluten-free alternatives. This surge in popularity aligns with the overarching trend of health-conscious choices, prompting a shift towards minimally processed and nutrient-rich options.

Consumers are increasingly drawn to banana flour due to its nutrient-rich composition and the presence of resistant starch, aligning seamlessly with prevailing health and wellness trends. As the market embraces these health-centric inclinations, banana flour is a valuable ingredient with applications beyond traditional uses. Its versatility shines through in various culinary creations, ranging from gluten-free baking to enriching smoothies, widening its appeal and driving market growth.

Competition within the market is fierce, marked by players emphasizing crucial factors such as product quality, responsible sourcing practices, and diverse product offerings. This competitive landscape propels continuous innovation as industry players seek differentiation through unique formulations and packaging approaches. Strategic partnerships also play a pivotal role in shaping the market landscape as companies collaborate to enhance their collective presence and cater to a broader consumer base.

Key Takeaways from the Market Study:

Based on application, the food industry is expected to hold a market share of 61.3% in 2024.
China is estimated to register at a CAGR of 3.7% by 2034.
The United Kingdom experiences significant growth, projected at a CAGR of 2.5% by 2034.
Based on the source, organic banana flour is anticipated to hold a market share of 97.3% in 2024.

“The increasing consumer preference for gluten-free alternatives is a significant driver propelling the banana flour market,” – Comment by Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape:

A dynamic interplay among industry players characterizes the banana flour market competitive landscape. Companies vie for prominence by prioritizing product quality, responsible sourcing practices, and diversification of product offerings.

Continuous innovation and strategic collaborations shape the market, reflecting a concerted effort to meet evolving consumer preferences for wholesome and functional ingredients in the flourishing banana flour segment.

Some of the recent developments are:

In October 2021, the ICAR-National Research Centre for Banana (NRCB) in Trichy entered a memorandum of understanding with Cake Bee, a leading bakery in India. The collaboration aimed to explore the use of foam mat drying, an innovative and cost-effective method developed by ICAR, for producing banana powders from ripe or rejected market bananas.
In March 2021, Kokos Natural introduced NATIRÈL banana flour. Traditionally crafted from green bananas, this gluten-free substitute to wheat flour is known for its light texture, requiring 25% less volume than traditional flour.

Secure Your Copy Now: Gain full access to the Banana Flour Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Key Segments of Banana Flour Industry Survey:

By Process:

Sun-dried
Freeze-dried
Spray-dried
Others

By Application:

Beverages
Pet Food and Feed Industry
Household
Food Industry
Bakery & Snacks
Infant Foods
Filling and Dressings
Soups and Sauces
Others

By End-user:

Water Treatment
Food and Beverage Processing
Pharmaceutical and Medical
Automotive
Air Purification
Others

By Source:

Organic
Conventional

By Sales Channel:

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Store
- Specialty Store
- E-Retailers
- Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and the Pacific
East Asia
Middle East and Africa

About Future Market Insights (FMI)

Cultures Market to Reach USD 2.1 Billion by 2032, Driven by Rising Demand for Fermented Foods and Beverages

The global cultures market is set to observe progress at a CAGR of 4.3% and top a valuation of USD 2.1 Bn by 2032.

Since the development of fermentation, processed and fermented food products have become an integral component of several global food traditions. Microbial culture techniques and their utilization in food fermentation processes have enabled transformation of the industry. Microbial cultures are an indispensable component of beverage industry where microbial fermentation enable production of alcoholic as well as non-alcoholic beverages.

Growing popularity of starter culture and associated challenges of viability maintenance has generated need of innovation that increase the efficiency of starter cultures. Moreover, application of microbial cultures in coffee processing and coffee being a staple drink in major world regions, is likely to increase culture utilization in coffee processing. Globalization and increasing purchase capacity has positively influenced the growth of beverage market which in turn support the culture market growth. However, stringent regulatory frameworks that regulate food processing and food additives are challenging the food culture suppliers.

Key Takeaways from Market Study

The Cultures market is anticipated to grow at CAGRs of 4.3% in forecast period which grew by 3.5% in historic period
Market share of India is around 58% in South Asia Cultures market
Recent decade has witnessed transformation of consumer preference in terms of choice, safety, quality, and affordability of food. There is a growing preference for functional foods, GMO free food, and organic or sustainable food options. Apart from growing demand of starter culture form food manufacturers, probiotic microbial cultures are among leading preferences of consumers owing to their health benefits
US cultures market is anticipated to develop at compound annual growth of about 5.1% over forecast period

“Increasing alcoholic beverage consumption, notably beer, and indispensable use of starting culture in beer production, growing demand for processed and fermented foods trends being perceived are likely to boost demand for cultures market”, says Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive Landscape

Key manufacturers of Cultures are majorly focusing on research & expansion to improve the variability, superiority, and novelty of their products. Top houses in the cultures market focus on partnership and solidification supply chains in an attempt to consolidate their position

DuPont Nutrition & Health has introduced a novel culture portfolio designed exclusively for photo-fermentation. These cultures are freeze-dried and are suitable for use in both small and large-scale industrial procedures
Hansen also introduced ten fresh new next-generation cultures to the cultures market, with the goal of introducing a cheese and yogurt-based alternative to synthetic preservatives. These cultures, which are available in free-dried pellet form, are likely to gain popularity due to the added benefit of a longer shelf life

Explore More Valuable Insights

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

The study offers compelling insights based on product type (starter, adjunct, probiotic, and other types) and application (beverages, sauces, dressings, and condiments, bakery & confectionery, dried processed food, sweet & savoury snacks, frozen and chilled processed food, and other applications) across seven major regions of the world.

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Spirulina Powder Market to Reach USD 702 Million by 2034, Fueled by Growing Demand in the Vegan Fitness Industry for its Superfood and Anti-Inflammatory Benefits

The global spirulina powder market size is projected to rise from US$ 461 million in 2024 to US$ 702 million by 2034. By 2034, spirulina powder sales are projected to soar at 5.9% CAGR.

Spirulina powder is extracted from spirulina, a blue-green algae that is found to be grown on freshwater bodies, making it one of the most preferred choices for vegetarian fitness enthusiasts all over the world. The superfood status coupled with its rich anti-inflammatory properties has garnered a lot of attention in the world of the vegan fitness industry.

With the influx of nutraceutical manufacturers, the spirulina powder market is likely to expand in recent years. Spirulina powder can solve the problems of malnutrition, food shortages, and other relevant problems leading to food crises in underdeveloped countries. Due to these capabilities, many government bodies are promoting spirulina powder in their programs.

Spirulina powder, which has many medicinal properties as well, is mainly consumed by individuals who are on a weight-loss diet. The protein content along with other minerals and vitamins make spirulina powder a great substitute for chemical steroids and supplements. Spirulina powder can be easily obtained from leading health food stores, e-Commerce businesses, and specialty supplement shops.

Conventional spirulina powder is obtained from the artificial cultivation of spirulina in microclimatic conditions. This type of spirulina powder is relatively cheaper, easily available, and more edible as compared to its organic counterpart. Conventional-type powder dominates the global market with a share of 59.1%.

“There is little to no awareness about the health benefits of spirulina powder. Well-established sports nutrition brands can benefit a lot if they collaborate with world-renowned athletes and fitness figures for the endorsement of spirulina powder”, opines Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Spirulina Powder Market Report

Owing to its emerging vegan trend, the United States showcased a 26.8% share of the spirulina powder market.
China has a 9.7% share of the global spirulina market due to its association with the use of spirulina since ancient times.
Based on application type, dietary supplements and pharmaceuticals dominate the spirulina powder market with a 72.9% global revenue share.
Emerging brands have come up with many innovative food items that have spirulina powder as their main ingredient, like smoothies, ready-to-serve beverages, and everyday snacks.

Recent Developments in the Spirulina Market

To provide its patients with essential nutrients and vitamins, Mumbai’s Group of Tuberculosis Hospitals recently cultivated spirulina on its premises.
The National Aeronautics and Space Administration (NASA) is all set to incorporate spirulina powder into the diets of its astronauts.
GNT Group came up with Exberry Shade Bright Green, a spirulina-infused, green powder that has applications in bakery mixes and seasoning products.

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Key Market Players

Clos Sainte Aurore
Spirulina Viva
SPIFORM
Spirulina La Capitelle
Aurospirul
Far East Microalgae Industries Co., Ltd
Fuqing King Dnarmsa Spirulina Co. Ltd.
DIC Corporation
Cyanotech Corporation
C.B.N. Bio-engineering Co., Ltd
Yunnan Green A Biological Project Co., Ltd
Jiangshan Comp Spirulina Co. Ltd
Inner Mongolia Rejuve Biotech Co., Ltd.
Zhejiang Binmei Biotechnology Co., Ltd.
Bluetec Naturals Co., Ltd.
Taiwan Chlorella Manufacturing Company
Roquette Klötze GmbH & Co. KG

Market Segmentation

By Nature:

Organic
Conventional

By Application:

Food & Beverage
Dietary Supplements and Pharmaceuticals
Animal & Aquaculture Feed Cosmetics and Personal Care
Others

By Sales:

Channel
Direct Sales
Retail Sales
Modern Trade
Specialty Stores
Pharma & Drug Stores
Online Retail
Other Retailing Formats

By Region:

North America
Europe
Latin America
Asia Pacific
Middle East and Africa

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Mango Puree Market to Reach USD 3.56 Billion by 2034, Driven by Rising Demand for Natural and Nutritious Food Products

The mango puree market is predicted to be valued at US$ 1.8 billion by 2024. The market valuation is estimated to be US$ 3.56 billion by 2034, projected at a CAGR of 7%.

The market for mango puree is expanding as customer demand for natural and healthful food products rises. Smoothies, drinks, desserts, sauces, etc., are using mango puree, which is densely becoming popular as an ingredient due to its flavor and nutritional value.

Dangers and difficulties are some of the major reasons the market faces. The effect of weather variations and climate change has become hazardous for mango production. Adverse weather conditions like hurricanes, floods, and droughts majorly impact the production of mango crops, which causes shortages and price volatility in the market.

Besides challenges, the market also sees potentialities with every passing day. Convenience food and beverage sales are growing worldwide. Ready-to-use food ingredients like mango puree are in high demand due to changing lifestyles and rising urbanization. Manufacturers can profit from this trend by providing value-added products and creating packaging formats that meet changing consumer tastes.

Key Takeaways from the Market Study

Under source type, the organic mango puree is accounted to hold a market share of 65.2% in 2024.
Germany is expected to register at a CAGR of 8.1% by 2034.
India registers significant growth, projected at a CAGR of 9.1% by 2034.
Based on end user, the beverage segment is accounted to hold a market share of 35.3% in 2024.

“The rise in consumer preference for natural and healthy food choices is one significant driver for the mango puree market,” Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape

Important competitors in the mango puree market are present like Del Monte Foods, ITC Limited, and Kiril Mischeff. Such market players provide a large selection of mango puree products that suit different needs in food and drink.

Strong competition strengthens innovation and boosts industry standards, giving consumers access to a wide range of premium mango puree options.

Some of the key developments are:

In 2021, Kiril Mischeff, unveiled novel package designs for its line of mango puree goods. The developments were made to extend product shelf life, preserve freshness, and meet changing customer and food industry demands.
In 2021, ITC Limited introduced a high-end line of mango puree products under its well-known brand name. ITC Limited launched premium mango puree made from particular mango types using its agriculture and food processing knowledge.

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Key Segments

By Source:

Organic
Conventional

By End Use:

Infant Food
Beverage
Bakery and Snacks
Ice Cream and Yoghurt
Dressings and Sauces

By Region:

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

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Organic Oats Market Set to Double by 2033 Amid Rising Demand for Healthy Foods, Despite Price Challenges

The organic oats market is predicted to double in value from US$ 281.0 million in 2023 to US$ 520.5 million by 2033, with a 6.4% CAGR.

As more people demand healthy food products, there is a great growth opportunity in the market. But there are many challenges in organic oats market as organic oats are typically more expensive than non-organic oats.

Market Opportunities

Nowadays people are becoming more health conscious so there is more demand for healthy foods and organic oats is one of the best healthy food. Organic oats are versatile ingredients used in many foods and beverage products like snacks and baked products so as the demand for this product grows, the demand for organic oats will also grow.

People are also demanding sustainable food products so it is also one of the key factors in the growth of organic oats market. There is also demand for plant-based diet products so there is much possibility for organic oats market to grow.

Key Takeaways

The organic oats sector has been witnessing a stable growing pace, with a CAGR of 6.4% from 2023 to 2033. This denotes a favourable trend and predicts a healthy future for the industry.
Projections indicate the global organic oats industry will likely develop and achieve a US $520.5 million revenue by 2033. This indicates a growing need for organic oats and the exciting possibilities that lay ahead in the sector.
In 2022, the United States appeared as the predecessor in the organic oats market, collecting a large market of 24.6%. This emphasises the dominating position and substantial presence of the United States in the sector.
Germany showed a substantial increase in the global organic oats market in 2022, gaining a market value of 9.6%. This suggests an increasing interest and greater engagement of corporations in Germany’s organic oats industry.
Japan showed a strong increase in the organic oats market in 2022, obtaining a high market value of 3.3%. This emphasises Japan’s rising market potential and appealing prospects for organic oats.
India became a key participant in the organic oats market in 2022, gaining a remarkable market value of 7.9%. This illustrates India’s active engagement and influence within the sector.

Competitors Winning Strategies
Competitors in organic oats market are working on many strategies, like they are making new products and giving a variety of options for customers to choose what product they want. They are making new flavours also to get different and better tastes in their products.

They are marketing their products online as they get a wider range of customers and advertising on e-commerce platforms to get new customers. They are making attractive packaging for their products and highlighting the product’s benefits to attract customers.

Recent Developments:

Nature’s Path, a major organic food brand, recently revealed the debut of a new range of organic oat-based goods, includes oat milk, oat yogurt, and oat granola.
General Mills, another significant participant in the organic food sector, has developed a new range of naturally grown oats with its Cheerios brand.
Hain Celestial Group has purchased Oatly, a Swedish firm recognised for its well-known range of organic oat milk items.

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Market Segmentation for Organic Oats

By Application:

Bakery Products
Breakfast Cereals
Savory & Snacks
Others (Cosmetics, Animal Feed, and others)

By Product Type:

Rolled Oats
Steel Cut Oats
Oats Bran
Oats Flour

By Distribution Channel:

Supermarket/ Hypermarket
Online Retail
Convenience Stores
Others (Small Retail Formats)

Regions:

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

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