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The global plant based chicken market is poised to reach US$ 8 Bn by 2030-end, registering double-digit growth from 2020-2030, according to ESOMAR-certified Future Market Insights’ (FMI) latest report on the subject.

Growing concern for animal welfare is bringing about a paradigm shift in consumer eating habits. Initiation of mass level awareness campaigns combined with tough legislations prohibiting or limiting animal slaughter across several countries is primarily fueling growth of the market.

Furthermore, consumers are willingly substituting meat products with meat analogues, attributed to rising awareness about the ill-effects of excessive meat consumption on human health.

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COVID-19 Impact Insights

The food & beverages domain stands to gain the most out of the crisis, with demand for plant-based foods experiencing steep incline. Increasing apprehension among consumers about the possible spread of COVID-19 through animal-based food products is stimulating demand for vegan alternatives.

This surging requirement for clean label and naturally derived foods is catapulting the plant based chicken market. Demand is especially strong across the United States, Brazil and India, as they have the highest number of COVID-19 infections. Therefore, people are altering their dietary preferences, prompting manufacturers to increase their presence.

Competitive Scenario

The plant based chicken market is highly competitive, interspersed with the presence of numerous regional and global players. Prominent players profiled in the report include Impossible Foods, Gardein (Conagra Brands), Atlantic Natural Foods LLC, Beyond Meat, Puris Proteins LLC, Tyson Foods Inc., and CHS Inc.

In July 2016, Impossible Foods made its debut by introducing the world’s first meat analogue product titled the Impossible Burger, which is derived primarily from plant-based products. The production process involves 95% less land and 74% less water usage.

Likewise, Gardein by Conagra Brands markets products such as Chick’n and Turk’y, Beefless and Porkless, Fishless and Plant-Based Jerky. Such a wide product offering has enabled the company to capture a large customer base. It also runs the ‘Meatless Monday’ program.

In December 2019, Atlantic Natural Foods announced the launch of its award-winning plant based Chipotle Bowl Meal Solution in over 500 Costco stores throughout North America. This introduction helped the company achieve 100% growth for the FY 2019-20.

In July 2019, Dunkin Donuts announced it would be selling breakfast sandwiches using Beyond Meat’s Meatless Sausage line of products throughout Manhattan, New York City. The company also launched an e-commerce website in 2020 to increase its virtual presence.

Key Segments

Product Type

• Burger Patty
• Crumbles & Grounds
• Sausages
• Hot Dogs
• Nuggets
• Bacon Chips
• Deli Slices
• Chunks & Tips
• Shreds
• Cutlet
• Strips, Tenders & Fingers

Source

• Soy-based Protein
• Wheat-based Protein
• Pea-based Protein
• Canola-based Protein
• Fava Bean-based Protein
• Potato-based Protein
• Rice-based Protein
• Lentil-based Protein
• Flax-based Protein
• Chia-based Protein
• Corn-based Protein

Distribution Channel

• Retail

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Food Stores

• Online Retail
• HoReCa (Food Service Sectors)

Region

• North America (U.S & Canada)
• Europe & MEA (Germany, U.K., Italy, France, Spain, Rest of Europe & MEA)
• Latin America (Ex. Mexico) (Brazil & Rest of Latin America)
• Asia-Pacific (Greater China, South East Asia, Japan, South Korea, India and Australia & New Zealand)

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Key Questions Answered in the Report

How will plant based chicken market expand from 2020-2030?

The global plant based chicken market will reach US$ 8 Bn by 2030. Growth is underpinned by growing preference for plant-derived foods for maintaining good health. The market is set to register double-digit growth

What are the primary growth driver(s) of the market?

Increasing concerns regarding animal welfare combined with the emergence of the meat 2.0 revolution are expected to provide maximum traction to the global plant based chicken market in the forthcoming decade

What challenges are plant-based chicken market players facing?

Several analysts and critiques have highlighted the fact that plant based meat products are over-processed and manufactured from GMOs, thus posing a major threat to human health and environment. These products are alleged to increase saturated fat content which may prove harmful for the body

Which are the prominent players in the market?

Prominent players in the plant based chicken landscape are Ingredion Inc, Atlantic Natural Foods, LLC, Beyond Meat, Inc., Impossible Foods, Inc., CHS INC, Puris Proteins, LLC, Tyson Foods, Inc., and Gardein by Conagra Brands.

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 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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The global citrus water market is projected to reflect strong growth in 2020 in spite of the widespread coronavirus outbreak. While lockdown restrictions have limited demand from the food service sector, lucrative opportunities have arisen for the short-term owing to the demand for functional beverages during the crisis period.

As per Future Market Insights (FMI) analysts, demand for citrus water will remain strong through 2028. Growth will be driven by clean label and health food trends.

Consumers are displaying increased interest in natural, and clean label beverage products, even as they transition away from conventional beverages such as sweetened carbonated drinks. Concerns associated to lifestyles ailments such as diabetes and obesity are contributing to the demand for functional beverages including citrus water.

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However, growth of the industry is likely to be hindered by factors such as higher cost of citrus water in comparison with conventional drinks, competition from homemade versions, and the consumer skepticism on health benefits of citrus water. Also, fluctuations in the yield and prices of citrus fruits owing to environmental factors could adversely affect the market in the years ahead.

The market report by Future Market Insights has contributed a detailed analysis of the industry, including key market influencers. Some of the top takeaways of the report are:

The citrus water market has been estimated to be valued at 6.7 billion in 2020, with growth remaining largely unaffected by the covid-19 outbreak and relevant restrictions on the food service industry. Premium citrus water products will surpass economic alternatives during the forecast period, owing to improvements in ingredient quality, coupled with higher disposable incomes. Tins are gaining attention from manufacturers as an increasingly popular packaging format for citrus water.

However, conventional plastic bottles will remain dominant through 2028 supported by costs and logistical benefits. North America is currently a frontrunner in the global market, aided by the presence of leading market players, and higher consumer awareness. However, Europe, is expected to surpass North America by the end of the projection period, supported by robust retail distribution channels, and demand for functional beverages.

Covid-19 Effect on Citrus Water Market

The citrus water market is expected to continue an upwards trajectory, albeit slower through 2020, despite the threat of the ongoing coronavirus outbreak, reflecting a growth rate of 15.2% in 2020. The lockdown restrictions on the food service industry has been a major challenge for manufacturers, affecting demand in the short term.

On the other hand, the market has also witnessed some lucrative growth opportunities, as consumers seek to stockpile on food, beverages, and other essentials, with higher focus on functional foods and drinks to bolster immunity function during the crisis.

The market is likely to display higher growth towards 2021 as citrus water manufacturers are investing in new processing and packaging technologies, in line with sustainability initiatives, and changes in consumer preference towards natural and clean label products.

Who is Winning?

In a new report, Future Market Insights has made an in-depth scrutiny of business strategies being used by leading producers in the citrus water market. Leading manufacturers in the industry are emphasizing on product development and launch strategies, aimed towards the development of a larger flavor portfolio to appeal to wider consumer demographic.

Some of the top citrus water market players include Danone S.A., Nestle S.A., The Coca Cola Company, PepsiCo Inc., Suntory Beverages & Food Ltd., Super bock Bebidas, and Icelandic Water Holdings ehf among others.

Key Segments

Product Type

• Economic
• Premium

Source

• Lemon
• Orange
• Lime
• Grapefruit
• Mixed

Packaging Format

• Glass Bottles
• Tins
• Plastic Bottles
• Other

Distribution Channel

• Modern Trade
• Specialty Stores
• Convenience Stores
• Commercial Market
• Hotels/Restaurants/Bars
• Online Retailers
• Others

Regional Outlook

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Chile, Argentina, and Rest of LATAM)
• Europe (Germany, U.K., Russia, France, Italy, Rest of Europe)
• Japan
• Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand, and Rest of APEJ)
• Middle East & Africa (GCC Countries, South Africa, North Africa, Rest of MEA)

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Frequently Asked Questions

• What is the size of the citrus water market?
• Which is the largest market for Citrus water?
• Which are the top companies in global citrus water market?
• What Sources are Used to Produce Citrus Water?
• What packaging formats are popular for citrus water products?
• What is the outlook of Europe in the Citrus water 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 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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The citrus pulp market continues to reflect an upward trajectory, despite slowdown induced by COVID-19 pandemic. Opportunities arising from demand for health and convenience foods, and stockpiling behavior of consumers for essentials will provide opportunities for market players to leverage in the short term.

According to Future Market Insight (FMI), the citrus pulp industry is projected to grow steadily between 2020 and 2027. The new report has indicated that investments from food processing and animal feed producers are likely to be major influencers for developments in the sector for the foreseeable future.

As consumers seek better solutions for nutritionally balanced diets, public and private bodies are also investing in initiatives to mitigate nutritional deficiencies, particularly in developing countries.

The use of citrus pulp ingredients to bolster shelf life of end products is also contributing to demand as a viable alternative to conventional, synthetic preservatives. On the other hand, market players are expected to face challenges in terms of fluctuating yield and product pricing, owing to environmental factors such as weather and disease, and lack of standardization in regulations associated with organic citrus production.

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The market report by FMI provides an exhaustive analysis of the sector, covering major influencers of the market. Some of the more important takeaways of the study include:

The market for citrus pulp was valued at more than US$ 598 million in 2019, with growth of the industry marginally hurt in the short term, owing to the covid-19 outbreak and associated lockdown restrictions on the food service industry. Applications of citrus pulp products as bakery product ingredients contribute significantly to revenue generation, supported by the demand for non-GMO, natural, gelling and binding agents for confiture production.

Organic citrus pulp is rapidly gaining attention for food and personal care sector applications, driven by growing consumer aversion towards synthetic ingredients and additives. However, conventional sources of citrus fruits will remain dominant through 2027 owing to higher global yield. Europe is a frontrunner in the global market, aided by a robust supply chain for retail distribution channels, and consumer interest towards natural foods. However, Asian markets, led by China and India are providing profitable opportunities for growth owing to rising investments in the regional food processing industry.

Coronavirus Impact on Citrus Pulp Market

The rapid worldwide spread of the coronavirus pandemic has had a moderate impact on the citrus pulp market, especially as demand from the food service industry has been restricted by lockdown regulations imposed by governments in many parts of the world. However, the market is likely to recover towards 2021 as steps are taken to open up economy gradually.

Improved access of technologies for food processing operators in terms of packaging and storage capabilities is expected to create a favorable environment for the industry. This will provide further impetus to the citrus pulp market as consumers display increased willingness to spend on healthy foods to minimize health risks from the covid-19 virus.

Further, changes in consumer behavior towards stockpiling food, personal care, and pharmaceuticals is also likely to bolster demand for citrus pulp and its derivatives creating lucrative opportunities for market players in the short term.

Who is Winning?

In its latest report, Future Market Insights has discussed a detailed analysis of business strategies considered and employed by leading producers in the citrus pulp market. Prominent participants in the industry are focusing their resources towards the development of new citrus pulp derivative products, aimed towards new end user industries to expand scope of revenue generation.

Some of the citrus pulp players include Cargill Corp., Compania Espanola de Algas Marinas S.A., E.I. DuPont De Nemours and Company, Fiberstar Inc., Citromax S.A.C.I., CP Kelco U.S. Inc., Herbafood Ingredients GmbH, Firmenich SA, Lucid Colloids Ltd., Quadra Chemicals Ltd., Naturex SA, and Dohler among others.

Key Segments

Nature

• Organic
• Conventional

Source

• Oranges
• Tangerines/Mandarins
• Grapefruit
• Lemon and Lime

End Use

• Bakery
• Desserts and Ice-Creams
• Sauces and Seasonings
• Meat and Egg Replacement
• Beverages, Flavorings, and Coatings
• Snacks and Meals
• Personal Care
• Pharmaceuticals
• Others

Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Departmental Stores
• Specialty Stores
• Pharmacy/Drug Stores
• Others

Regional Outlook

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

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Frequently Asked Questions

• What is the size of the citrus pulp market?
• Which is the largest market for Citrus pulp?
• Which are the top companies in global citrus pulp market?
• What are the large-scale applications of citrus pulp?
• From what sources are citrus pulp products derived?
• What is the outlook of Asia in the Citrus pulp 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 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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Future Market Insights (FMI) has anticipated the global pulses market to surpass a revenue threshold of US$ 100 Bn by the end of the 2020-2030 forecast period, in its recently published report.

FMI opines the market is slated to scale new heights amid heightening demand for fiber-rich and nutrient infused foodstuffs. Recent years have seen an upsurge in the availability of pulse based instant foods. Pulses are known to reduce cholesterol and triglyceride levels, thus enhancing life expectancy.

After taking the COVID-19 pandemic into consideration, growth prospects for the global pulses market appear largely optimistic, with sluggishness staving off due to relaxation of lockdowns.

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Key Takeaways from FMI’s Pulses Market Report

APEJ to represent lucrative growth opportunities, generating nearly 60% of revenue Dried beans to enjoy widespread popularity, attributed to the presence of vital micronutrients Demand for organic pulses experiencing northward shift, expanding at a CAGR exceeding 7% E-commerce to register staggering growth, owing to rising dependence on virtual platforms amid the pandemic crisis Pulse flour acquiring ascending popularity due to widespread applications in preparing various foods Global pulses market to expand at 4.9% value CAGR across the assessment period

COVID-19 Impact Insights

As the COVID-19 pandemic tightens its grip around the world, the global pulses market has experienced minor deceleration. This has mostly resulted due to constraints in logistical arrangements to transport finished products from the producer to the market. Fortunately, this setback is gradually eroding with lockdown restrictions easing.

Moreover, growth of the pulses market is largely being sustained by e-commerce channels, despite conventional retail outlets resuming operations. Voluntary social distancing measures adopted by consumers is driving this purchasing behavior. Nowadays, consumers are relying on platforms such as Big Basket, Amazon and Grofers to purchase pulses.

Furthermore, the trend of healthy eating has also picked up pace, with consumers hoping to strengthen their immunity by eating fiber, nutrient and vitamin rich foodstuffs. Therefore, growth prospects of the global pulses market appear largely optimistic throughout the 2020-2030 assessment period.

Competitive Landscape

Prominent players in the global pulses landscape are concentrating on introducing innovative and customized products based on customer-specific requirements, strategic collaborations, partnerships and ventures.

For instance, in 2017, Danone acquired WhiteWave, a prominent plant-based food & beverages manufacturer with the objective of expanding its own range of plant-based foods and beverages. This acquisition has helped Danone realize its commitment to uphold consumer expectations of healthy and sustainable food choices.

In 2008, General Mills Inc. introduced a wide spectrum of gluten-free cereals within its product portfolio. These cereals are primarily made from non-gluten containing sources such as pumpkin seeds, peanuts, corn, pulses, berries and other fruits & vegetables.

In November 2016, Monde Nissin entered into a joint venture with Nippon Indosari to launch Sarimonde Foods, with the objective of broadening its food and beverage portfolio outreach within the Philippines.

Key Segments

Product Type

• Dry Beans
• Lentils
• Faba Beans
• Dry Peas
• Chickpeas
• Cowpeas
• Bambara Beans
• Pigeon Peas
• Vetches

Nature

• Organic
• Conventional

Form

• Whole
• Flour
• Split

End Use Application

• B2B

• Food & Beverage Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Nutraceutical Industry
• Animal Feed Industry

• Household/Retail

• Store-based Retail

• Hypermarkets/Supermarkets
• Convenience Stores
• Mass Grocery Retailers
• Wholesale Stores
• Departmental Stores
• Food & Drink Specialty Stores
• Other Retail Forums

• Online (E-commerce)
• Food Service (HoReCa)
• Institutional (Schools, Universities, etc.)

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Poland & Rest of Europe)
• APEJ (China, India, South Korea, ASEAN Countries & Rest of APEJ)
• Japan
• Oceania (Australia & New Zealand)
• Middle East & Africa (GCC, South Africa, Northern Africa & Rest of MEA)

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Frequently Asked Questions

• What will be the pulses market size in 2030?
• Which is the most widely consumed pulse type?
• What drives the global pulses industry?
• What are the key challenges for pulse producers and suppliers?
• Which is the largest pulse market globally?
• What has been the impact of COVID-19 on Pulses Market?
• Which are the prominent players in the global pulses landscape?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

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.

Contact:

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Ready-to-use Therapeutic food market will grow at a steady CAGR through 2030, according to a new research by ESOMAR-certified firm Future Market Insights (FMI). The study opines that impact of COVID-19 on ready-to-use therapeutic food market will be moderate, and industry players can expect to see sustained growth throughout the forecast period.

Malnutrition is a serious problem impacting humanity today. According to the World Health Organization, nearly 50 million children worldwide are severely malnourished, while almost 500 million are overweight. Around 45% of deaths among children under 5 years are attributed to undernutrition.

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Key Takeaways

• MEA to emerge as a hotbed for RUTF manufacturers, owing to high incidence of malnutrition
• Drinkable therapeutic foods to enjoy massive popularity due to heightening nutritional supplements demand for infants
• UNICEF to remain a frontrunner due to its unwavering commitment to eradicate world hunger
• Sales of therapeutic nutritional supplements are likely to survive the COVID-19 pandemic

COVID-19 Impact Insights

The COVID-19 pandemic has amplified the risk of acute malnutrition among the poorest sections of the society. In the face of government-mandated shutdowns, millions of people have become unemployed, especially in the agriculture sector, thus disrupting critical nutrition enhancement programs.

The impact has been especially drastic across the developing and underdeveloped worlds. It is apprehended that severely malnourished children are at a dangerously high risk of contracting the novel coronavirus due to weakened immunity. The same is true for the geriatric population.

Hence, manufacturers are implementing several arrangements to ensure that the availability of ready-to-use therapeutic foods is not hampered. As a result, sales have largely been sustained throughout the course of the pandemic, and is expected to remain so in the future.

Ready-to-use Therapeutic Food Market Players

Market players are actively involved in developing and launching new nutrition enhancing formulations in various forms. In addition, these players are collaborating with governmental and non-governmental agencies to aid in effective distribution of ready-to-use therapeutic foods to the most severely impacted regions.

Prominent players within this landscape include: Nuflower Foods, GC Rieber Compact AS, Valid Nutrition, InnoFaso, Edesia Inc., Nutrivita Foods, Diva Nutritional Products, Insta Products Ltd., Mana Nutritive Aid Product Inc., Meds & Food for Kids Inc, Samil Industrial Co., Tabatchnick Fine Foods Inc., Amul India, and Société de Transformation Alimentaire.

Nuflower Foods, a prominent Indian nutritional foods manufacturer, markets the NutriFEEDO^® ready-to-use therapeutic food paste which is rich in energy and protein to alleviate Severe Acute Malnutrition (SAM). The product is specifically designed for malnourished children, and is easy to digest.

Similarly, GC Rieber Compact AS manufactures the eeZee20^TM which is a lipid based nutrient supplement for preventing malnutrition among children aged under 6 months, thus promoting healthy growth by preventing micronutrient deficiencies.

Enhancement of R&D capacities is another approach adopted by RUTF manufacturers. For instance, Nutrivita Foods has a robust research and development department dedicated to the development of effective nutrition enhancing foods. It has a strong ties with Nutriset for this purpose. It also partners with academic organizations to enhance its capabilities.

Ready-to-Use Therapeutic Food Market Key Segment

Type

• Solid
• Paste
• Drinkable Therapeutic Food

End User

• UNICEF
• WFP
• NGOs
• Others

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (France, Germany, Spain, U.K, Italy, BENELUX, Nordics, Russia, Poland & Rest of Europe)
• Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand and Rest of APAC)
• Middle East & Africa (GCC, North Africa, Tanzania, Ethiopia, Nigeria, Malawi, Kenya, South Africa & Rest of MEA)

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Key Questions Answered in the Report

Briefly outline the growth of ready-to-use therapeutic food market.

The global ready-to-use therapeutic food market is anticipated to register a double digit CAGR, crossing the US$ 300 Mn mark by 2020-end.

Which is the most popular ready-to-use therapeutic food?

According to FMI’s analysis, the drinkable foods segments is poised to experience maximum sales. Growth is underpinned by high incidence of infant malnutrition. Also, liquid supplements are easier to digest by young babies.

How will COVID-19 impact the market?

The COVID-19 pandemic has resulted in a major spike in ready-to-use therapeutic food products consumption. High degree of susceptibility to the infection due an already weakened immune system is expected to generate high demand therapeutic foods.

Which region is expected to be the most promising in the future?

The Middle East & Africa is slated to be a revenue hotspot, attributed to a high incidence of poverty and hunger which has ultimately ushered in high levels of malnutrition.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

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.

Contact:

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A new study by Future Market Insights opines food authenticity market to grow at a steady pace through 2030. Adoption will be driven by growing consumer focus on food safety and growing clean label trend. FMI’s new study tracks food authenticity market in 20+ countries for the period 2020-2030.

According to the study, in recent years, access to pure and adulterant free foods has come under significant jeopardy. Widespread prevalence of food adulteration, mislabeling and undisclosed ingredient details have generate a massive furor amongst health conscious consumers as well as healthcare providers.

On an average, approximately 57% of the global population suffers from morbidities inflicted due to consumption of sub-standard and contaminated foodstuffs. Moreover, nearly 1/4^th of the world’s food supply is adulterated annually. Realizing this, countries have taken proactive steps to mitigate the adverse effects of food adulteration.

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Increasing consciousness among consumers has elevated the need for introducing clean-label, organic-based and naturally derived foods. Based on these developments, the global food authenticity market is all set to experience an impressive upsurge in the coming years.

Key Takeaways from FMI’s Food Authenticity Market Report

• Global food authenticity market is likely to expand at a noteworthy CAGR in the forthcoming decade
• Asia-Pacific to emerge as the fastest expanding region for food authenticity testing, attributed to a large population base
• High incidence of meat consumption to provide traction to meat speciation authenticity tests
• Economically Motivated Adulterations (EMA) compelling governments to impose tough legislations to keep food adulteration in check
• PCR-based tests are expected to retain their popularity due to quick delivery of test results
• Processed foods testing is expected to acquire surging popularity due to high demand

COVID-19 Impact Insights

The COVID-19 pandemic presents an exceptional and unprecedented challenge for competent authorities with responsibilities for national food safety control systems. As consumers resort to consuming health and immunity boosting foods, demand for clean-label products is rising exponentially.

While nationwide lockdowns and social distancing measures have limited laboratory testing capacities, it has not fully ceased as chances of food adulteration are maximum during this time period. Unscrupulous traders are prowling the market with the objective of flooding it with adulterated food products.

Thus, leading players have revised growth forecasts to demonstrate that the market is expected to remain afloat albeit at lower projections and reduced revenue margins. Growth is expected to be restored to normal levels in the post-pandemic scenario, once lockdowns are eased following a decline in infection rates.

Leading Food Authenticity Market Players

Some leading players in the global food authenticity market include ALS Ltd., EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs to name a few.

The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

ALS Ltd., for instance, offers a wide range of testing and analysis with respect to ascertaining food quality. Its food authenticity tests incorporate meat speciation through the ELISA/PCR testing techniques, halal verification and genetically modified foods. It also offers testing for detecting contaminants and allergens.

In May 2016, Intertek established its AgriTech laboratory in Hyderabad, India to perform DNA-based testing of various agricultural products. Simultaneously, the company unveiled its advanced ScanBi DNA technology.

Key Segments

Food Tested

• Meat & Meat Products
• Dairy & Dairy Products
• Processed Foods
• Other Food Tested

Target Testing

• Meat Speciation
• Country of Origin & Ageing
• Adulteration
• False Labelling

Technology

• PCR-Based
• Liquid Chromatography-Mass Spectrometry (LC-MS)
• Isotope
• Immunoassay Based/ELISA
• Other Technologies

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (Germany, Italy, France, U.K, Spain, BENELUX & Rest of Europe)
• South Asia (India, ASEAN & Rest of South Asia)
• East Asia (China, Japan & South Korea)
• Middle East & Africa (GCC, South Africa, Israel & Rest of MEA)
• Oceania (Australia & New Zealand)

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Key Questions Answered in the Report

• What are the growth prospects of food authenticity market?

The global food authenticity market is slated to record largely positive growth, experiencing a healthy CAGR throughout 2020-2030. Growth is primarily being underpinned by surging demand for clean-label and adulterant free foods across lucrative markets.

• Which is the largest market for food authenticity players?

Asia-Pacific is slated to emerge as the most lucrative revenue generator, attributed to a large population base. Majority of food testing demand is likely to be stimulated from China and India, the world’s most densely populated countries. This is because the prevalence of food adulteration is maximum across these countries.

• Who are the leading food authenticity market players?

Presently, the global food authenticity market is interspersed with the presence of the following market players: EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs. The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

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 FMI

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The global food irradiation market is scheduled to cross the US$ 300 million mark by the end of 2030, according to ESOMAR-certified firm, Future Market Insights’ new report.

Heightening concerns regarding food adulteration and contamination is augmenting the need for effective quality assessment solutions, thus expanding the scope of food irradiation technologies. These technologies help enhance the shelf life of foodstuffs by eliminating bacterial and fungal growth.

Furthermore, accelerating demand for sterile foods in healthcare settings is also providing traction to food irradiation technologies. Sterile foods are highly beneficial for patients suffering from life altering diseases such as cancer and HIV/AIDS.

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COVID-19 Impact Insights

The novel coronavirus pandemic has led to a major global economic downturn. Multiple industries are experiencing production cycle and supply chain disruptions due to government enforced lockdowns to contain the virus’s spread. Consequently, they are experiencing reduced profit and revenue margins.

With regard to food irradiation, sluggishness is anticipated to remain until the latter half of 2021. This is primarily because of a reduction in laboratory testing due to curbs on on-premises operations by agencies. However, this downturn is not expected to be severe, as testing is possible under remote conditions as well.

Furthermore, demand for clean-label and adulterant free foods has especially heightened since the pandemic’s onset, attributed to fears of contracting the coronavirus through the ingestion of contaminated foodstuffs. This is expected to sustain demand for food irradiating tests throughout the duration of the pandemic.

Competition Landscape

The global food irradiation market is interspersed with the presence of various regional and international level manufacturers. Prominent vendors include Food Technology Service Inc., Sterigenics International Inc., Gray Star Inc., Ionisos SA, Nordion Inc., Reviss Services Ltd., Sadex Corporation, Sterix Isomedix Services, Scantech Sciences Inc., and Phytosan SA De C.

A combination of divestitures, expansion of manufacturing and business capacities and acquisitions characterize the aforementioned players’ key market strategies. Besides, they also concentrate on enhancing their product portfolios through the development and introduction of new technologies.

In 2017, Sterigenics International Inc. successfully executed its gamma sterilization capacity in an effort to increase its global outreach. The expansion cost amounted to US$ 17.5 million. The expansion involved the installation of a new gamma irradiator to expand its testing capacities.

In 2019, Ionisos SA acquired Steril Milano, a specialist in sterilization services. The acquisition was initiated keeping in mind the company’s objective of enhancing their regional footprint across Europe, thus allowing them to access a wider customer base.

Key Segments

Source

Gama Radiation X-Ray Radiation Electron Beam Radiation

Technology

Ultra-High Pressure Steam Pasteurization Food Coating Ozone Treatment Other Technologies

Region

North America (U.S & Canada) Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Europe (Germany, France, Spain, U.K, BENELUX & Rest of Europe) South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia) East Asia (China, Japan & South Korea) Oceania (Australia & New Zealand) Middle East & Africa (GCC, Northern Africa, South Africa & Rest of MEA)

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Key Questions Answered in the Report

Identify the primary source of food irradiation.

Gamma radiation is expected to emerge as the main source of food irradiation in the upcoming forecast period. High degree of safety and reliability of testing is considered a primary driver of the segment’s growth.

What drives the global food irradiation market?

According to FMI’s analysis, increasing incidences of food adulteration, contamination and poisoning amongst consumers is accelerating growth prospects for food irradiation technologies, the objective being the provision of clean and safe food. Additionally, rising demand for sterile foods across healthcare settings is also catapulting growth. Sterile foods are especially needed to boost immunity of patients suffering from debilitating conditions such as AIDS and cancer.

Which is the largest market for food irradiation?

Asia Pacific is likely to be the fastest growing region, attributed to a rapidly exploding population base which has led to increased demand for clean and high quality foods.

Which are the prominent players within the food irradiation landscape?

Prominent players in the food irradiation landscape include Food Technology Service Inc., Sterigenics International Inc., Gray Star Inc., Ionisos SA, Nordion Inc., Reviss Services Ltd., Sadex Corporation, Sterix Isomedix Services, Scantech Sciences Inc., Phytosan SA De C and Tacleor LLC.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

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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The global demand for vegan protein powders has risen strongly in 2020, even though the coronavirus pandemic has impacted the market marginally owing to lockdown measures. The prospects of the industry are positive through 2027 as per a recent study by Future Market Insights (FMI). The report has indicated that the market will witness promising growth in the near future, with demand for nutraceutical and supplements during the pandemic.

In a report by FMI, it is stated that vegan protein powders based out of natural sources such as soy and pea will remain highly sought after for applications in the food and beverage processing sector, and also in health and wellness products. Direct sales approaches have proven more fruitful, with consumers choosing to use company websites for better deals on purchases.

The vegan protein powder market displays strong growth on account of health concerns over meat consumption and growing awareness about the ethics of animal farming. Also, the wider range of product flavours and investments towards product functionality in muscle repair, and maintenance for fitness enthusiasts will aid the market for the foreseeable future.

While sales of vegan protein powders are gaining ground rapidly, consumer preference for animal-based products, lack of clean label certifications, and poor consumer awareness in developing countries are obstacles for players in the industry.

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The report by FMI offers an exhaustive overview, covering critical market dynamics. Some of the major takeaways from the study include:

• Market is estimated at 4.7 billion in 2020, with demand rising steadily during the coronavirus pandemic
• Soy-based vegan protein powders remain highly sought after owing to higher product awareness and visibility
• Food processing applications of vegan protein powder witnessing strong demand owing to demand for functional foods and beverages
• Sales in the North America are critical to market development, owing to extensive applications in sports nutrition applications. However, South Asia & Oceania is displaying lucrative growth opportunities for market players with a vast vegan and vegetarian population base

Covid-19 Impact on Vegan Protein Powder Market

The demand for vegan protein powders is expected to be marginally impacted by the coronavirus pandemic. The industry is likely to face minor supply chain interruptions during this period, owing to lockdown restrictions affecting transport and logistics.

On the other hand, the demand for functional foods and nutraceuticals during this period will positively affect the market. Online sales are likely to witness an increase, even as small retailers are forced to temporarily shut operations.

On the other hand, the effects of the pandemic on the agriculture sector will have an important effect on market development, as viral transmission among farm laborers remain a concern.

Who is Winning?

In the study, FMI has analyzed the various business strategies being used by major companies in the vegan protein powder market. Leading market players are emphasizing widening their product portfolio with product development products in addition to capacity expansion and geographic expansion through industry collaboration for stronger distribution networks.

Some of the key players in the market include Archer Daniels Midland Company, AGT Food and Ingredients, Cargill Inc., A&B Ingredients, Ingredion Inc., The Scoular Company, Green Lab LLC, Kerry Group, and Roquette Freres among others.

Vegan Protein Powder market Segmentation

Source

• Soy
• Wheat
• Pea
• Others

Flavors

• Unflavored
• Chocolate
• Vanilla
• Strawberry
• Blueberry
• Others

Application

• Food Processing
• Nutritional Products
• Animal Feed
• Household (Retail)
• Others

Distribution Channel

• Direct Sales
• Hypermarkets/Supermarkets
• Specialty Stores
• Pharmacy & Drug Stores
• Online Stores
• Others

Regional Outlook

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Peru, Argentina, Chile, Rest of LATAM)
• Europe (EU-4, U.K., BENELUX, Nordics, Eastern Europe, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia, Rest of South Asia & Oceania)
• Middle East & Africa (GCC Countries, Northern Africa, South Africa, Turkey, Rest of MEA)

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Key Questions Answered in the Report

• What is the size of the vegan protein powder market?

The global vegan protein powder market is estimated to have reached a value of US$ 4.4 billion in 2020. The industry will rise at a 6.6% CAGR between 2019 and 2027.

• Which is the largest market for vegan protein powder?

North America is the leading market for vegan protein powders. Growing levels of health consciousness among consumers and the expansion of vegan populations aid market growth.

• Which are the top companies in vegan protein powder market?

Some of the leading companies operating in the market are Archer Daniels Midland Company, AGT Food and Ingredients, Cargill Inc., A&B Ingredients, Ingredion Inc., The Scoular Company, and The Kerry Group among others.

• What are the applications of vegan protein powder?

Vegan protein powders are finding use in the food and beverages sector, and is popular among people suffering from allergies. Vegan protein powders are also increasingly playing roles in animal feedstock formulations to keep up with consumer biases.

• From what materials are vegan protein powders sourced?

Vegan protein powders are extracted from three major plant sources. These include soy, wheat, and peas. Of these, soy protein powders are highly popular and are estimated to account for more than 50% of the overall market share by 2027.

• Will South Asia & Oceania exhibit higher demand for vegan protein powder?

Countries in South Asia and Oceania are potentially lucrative markets for vegan protein powder manufacturers. The rise in health awareness coupled with a substantial vegan and vegetarian population in the region drives 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 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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Rising awareness regarding the health benefits of chickpea protein, coupled with increased health consciousness among people is propelling demand for chickpea protein. Moreover, the growing trend of veganism across the world, especially in developed economies, is poised to remain a critical factor driving the growth of the market. Chickpea protein aids in diabetes management by preventing the blood sugar levels from suddenly rising after consuming food. Furthermore, they bolster in controlling weight by swiftly burning calories during the digestion process.

Backed by its rich nutritional profile, chickpea protein also finds adoption among athletes to build muscle mass, making sports nutrition a lucrative segment for chickpea protein. Moreover, chickpea protein is labeled non-GMO plant-based protein, making it a fitting source of post-workout nutrition for athletes. When compared to other animal or vegetable-based ingredients, chickpea protein aids in proper maintenance, repair, and growth of both human and animal muscles, thus making it an ideal ingredient in the production of pet food.

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Along similar lines, rising concerns regarding animal welfare and adverse health effects among consumers is asserting food product manufacturers to seek substitutes for meat-based ingredients. On this premise, chickpea protein has emerged as the ideal alternative for animal-based ingredients in the food processing, nutraceuticals, and sports supplement sectors

Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global chickpea protein market will grow in value at a CAGR of ~5.1% between 2020 and 2030. Some of the key takeaways from the report include:

• The global chickpea protein market is forecasted to surge past valuation of US$ 142.4 Mn by the end of the assessment period
• By processing type, dry processing is projected to account for over 2/3rd of market share, owing to the low amount of energy and resources required
• Based on product type, protein isolates and protein concentrates account for the majority of the market share, accounting for near-equal proportions, with the former holding a slight edge
• Among end users, the food processing sector will hold over 66% of market value, while sports nutrition and nutraceutical sectors progress at higher growth
• Based on nature, conventional chickpea protein will remain the most sought-out type through the forecast period
• North America and Europe will collectively account for nearly 70% of total market share, ascribed to the presence of a large vegan and vegetarian population bases

COVID-19 Impact on Chickpea Protein Market

The outbreak of COVID-19 is expected to exhibit a dual impact on the growth trajectory of the chickpea protein market. As concerns regarding health surge across the world, consumers are actively seeking healthy food products, which is expected to boost the consumption of chickpea protein. However, operations in the food processing sector – the largest consumer of chickpea protein – have come to a screeching halt, leading to a downfall in demand. However, the demand for healthy, dairy-free food in Europe, where normality in the food sector is gradually returning post-pandemic, is likely to alleviate the challenge to an extent.

Who is Winning?

Key players operating in the market are leveraging the demand among a widening base of the vegan and vegetarian population, and are working on expanding their production capacities. To achieve the same, players are securing investment from governments and other players. On these lines:

• In April 2020, an Israel-based organization named InnovoPro raised US$ 15 million funding round by Jerusalem Venture Partners with participation from CPT Capital to boost the chickpea protein production.
• Also in April 2020, The Growthwell Group, a Singapore-based plant protein manufacturer, raised US$ 8 million funds from the Singapore government and other investors which includes Temasek, Insignia Ventures, DSG Consumer Partners, and Genesis Ventures. The funds will be used to build a new manufacturing facility.

FMI’s report includes profiles of some of the most prominent names in the market including Batory Foods, Ingredion Inc., Archer Daniels Midland Company, PLT Health Solutions, Chickplease, Cambridge Commodities Ltd, AGT Food and Ingredients, Nutraonly (Xi’an) Nutritions Inc., Chick.P, and InnovoPro

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Frequently Asked Questions

• What is the market size of the chickpea protein market?
• Which is the largest regional market for chickpea protein?
• Which are the top companies in the chickpea protein market?
• Which end-use segment is expected to channel the majority of revenue to the chickpea protein market?
• What is the outlook on the chickpea protein 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 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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Over the past few years, owing to rise in the number of Indian, Italian, Mexican and Chinese restaurants across the world, the demand for herbs and spices has significantly increased. According to a new study by Future Market Insights (FMI), the demand is expected to remain high especially as developed countries report increasing influx of people from other nations. Globalization has therefore resulted in increasing demand taco seasoning, cilantro, Jalapeno pepper, chili powder, fajita seasoning mix, cumin, cinnamon, chipotle and paprika and other herbs and spices.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for herbs and spices. The report tracks the global sales of herbs and spices in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and herbs and spices in particular.

Also, ready-to-cook herbs and spices are gaining traction among buyers as the category helps in saving their time and is considered more convenient in use. The expansion of fast food restaurants/quick service restaurants (QSRs) will be a  boon, especially since food sector is expected to continue accounting for more than 45% of sales registered in the market.

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The herbs and spices market has remained fragmented, exhibiting the presence of various small and mid-tier manufacturers. However, due to increasing collaboration activities between small & mid-tier manufacturers and top tier companies, the number of small and medium companies have decreased, resulting in a more uniform and less diverse landscape. For instance, in August 2015, Symrise A G. acquired Flavour infusion LLC and expanded its product range of applications in the area of beverages in the flavoured mineral water market.

Key Takeaways from the herbs and spices Market Study

• Despite obstacles witnessed amid COVID-19, herbs and spices sales are poised to surge, exhibiting nearly 5% y-o-y growth in 2021
• Multiculturalism will drive the U.S. market, enabling it account for more than 90% of sales in North America
• Expansion of food sector will enable y-o-y growth at 3.1% within the U.K. in 2021
• Moderate growth is expected in Germany and France
• China will remain dominant, exhibiting high sales in East Asia, Japan and South Korea to catch up in terms of growth rate

“Globally, the demand for herbs and spices is on an upward swing as they increase the sustainability of food products without the requirement of adding sugar and salt which run the risk of adding extra calories in daily diet. Manufacturers are investing in research and development to launch unique herbs and spices products. They are launching various innovative natural, organic, chemical-free herbs and spices offerings, which will aid the overall growth of the market,” said a lead analyst at FMI.

Manufacturers to Focus on Sourcing from Local Suppliers

Herbs and spices are used globally for adding flavor and color to food and beverage products, novel foods, food supplements, and as a source of essential oils and aromatic extracts. The non-availability or inadequacy of standards for checking and assuring the quality of herbs and spices is one of the main problems that arise for players in the food and beverage industries when using such raw materials.

As various herbs and spices are harvested from the wild, standardization is important to assure their quality as it is widely used in the food and beverage industries. Consumers are becoming conscious about the quality as well as the source of the raw material from which food or beverages are made. Manufacturers are preferring local suppliers of raw materials, as they can easily check the quality and source of the raw material. Moreover, this reduces the cost of transportation, which is beneficial for manufacturers.

Who is winning?

Some of the leading companies operating in the Herbs and Spices market are: Givaudan S.A, Kerry Group Plc., Ajinomoto Co., Inc., Firmenich SA, Takasago International Corporation, Olam International, Archer Daniels Midland Company, Robertet SA, Sensient Technologies Corporation, Kalsec Inc., McCormick & Company, Inc., Symrise AG,Frutarom Industries Ltd, Synthite Industries Ltd, International Taste Solutions Ltd.

Key players of herbs and spices are focusing on innovation through research and development. The company is concentrating on acquisition, mergers, and joint venture for the expansion of product portfolio, geographical presence and to increase the production capacity for herbs and spices.

• In July 2016, Dohler GmbH acquired Teawolf a manufacturer of botanical extracts and natural ingredients in the U.S. The aim behind the acquisition was to expand its product portfolio in natural ingredients and to strengthen its position in global botanical extracts market.
• In July 2017, McCormick & Company, Inc. acquired of Reckitt Benckiser’s Food Division. The acquisition aimed to increase the production capacity of the flavouring division.

Herbs and Spices Market by Category

Product type

• Herbs
• Spices
• Paprila (Hot Pepper)
• Cumin

End Use

• Food
  • Sauces, Dressings, and Condiments
  • Bakery and Confectionery
    • Breads/Cakes
    • Biscuits
    • Snacks
    • Candies
    • Other Baked Goods
  • Dairy Products
    • Flavored Milk
    • Cheese/Cheese Products
    • Butter Ice Creams
    • Other Dairy Products
  • Snacks & Savory Products
  • Processed Food
  • Soups
  • Flavored/Infused Oils
  • Others
• Beverage
  • Alcoholic Drinks
  • Non-Alcoholic Drinks
  • RTD Beverages
  • Juices, Concentrates, and Puree
  • Others
• Food Service
• Retail

Form

• Powder & Granules
• Flakes
• Paste
• Whole/Fresh

Sales channel

• Direct
• Indirect
  • Store-based Retailing
    • Hypermarket/Supermarket
    • Convenience Stores
    • Traditional Grocery Retailers
    • Food & Drink Specialty Stores
  • Online Retail

Nature

• Organic
• Vegan
• Natural
• Non-GMO
• Conventional

Region

• North America
• Latin America
• Europe
• Switzerland
• East Asia
• South Asia
• Oceania
• MEA
• Nigeria
• GCC Countries

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Get Valuable Insights into Herbs and Spices Market

Future Market Insights, in its new report, presents an unbiased analysis of the global herbs and spices market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on product type the market can be segmented into herbs, spices, paprika, and cumin.

In terms of nature, the market can be segmented into organic, vegan, natural, Non-GMO, Conventional. Based on form the market can be segmented into powder and granules, flakes, paste, whole or fresh. Based on end use the market can be segmented into food, beverage, food service and retail. Based on distribution channel market can be segmented into direct, indirect and online retail. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

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.

Contact:

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