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The global casein market stood at a value of USD 2.40 billion in 2022. The market is further expected to grow in the forecast period of 2022-2032 at a CAGR of 5.8% to reach a value of USD 6.8 billion by 2032.

Rising demand for nutrition-rich function foods underpins the growth trajectory of the casein market. As consumers become health conscious, they are drifting towards consuming naturally derived foods, prompting manufacturers to introduce novel products in the market. Additionally, rising sports activities is stimulating demand for casein rich beverages.

According to Future Market Insights analysis, Lactalis Group, Fonterra Co-operative Group, Royal Fries Campina N.V., Savencia Fromage are identified as key casein brands.  In 2021, Asia Pacific Casein market grew by 12% year on year, bucking initial scepticism about how the market would perform during a global pandemic. Across North America, total demand/sales of Casein Market reached 2.6 Mn

In terms of product type segment of Casein market, ready to eat meals and sports nutrition collectively accounted for USD 4.1 million in 2021, according to the Annual Market Analysis conducted by Future Market Insights. 

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Key Takeaways

• Global casein market shall expand at a CAGR of 5.8% from 2020-2030
• Europe to remain market hegemon, capturing 26.7% of the revenue share, followed by North America (20.7%)
• Sodium caseinate derivatives to tower over others, capturing over 50% of the market
• By end-use, texturizing agents to account for a substantial revenue share, particularly in cheese processing
• Presence of retroviral agents boosts adoption to treat diseases like HIV/AIDS across the pharmaceutical industry

COVID-19 Impact Analysis

In the initial months of the pandemic, logistical constraints rendered it difficult to procure raw materials for productions. This led to a cessation of production to a large extent. Fortunately, heightening demand for health-based functional foods has sustained the growth.

As consumers are now careful about following a hygienic lifestyle, investments in immunity boosting foods is providing credible traction to casein imbued foods and beverages. Realizing this surging demand, prominent manufacturers are relying on online sales platforms to enable consumer access to their products.

Vendors are ensuring that production facilities remain operational while implementing strict safeguards to prevent infections on-premises. Mandatory social distancing and wearing personal protective equipment have proven very useful in maintaining continuity of operations.

Competitive Intelligence

Prominent players in the global casein market are Koninklijke FrieslandCampina N.V. (DFE Pharma), Fonterra Co-operative Group, AMCO Proteins, Arla Foods Ingredients Group P/S and Groupe Lactalis, and Glanbia, Plc. These accounted for a cumulative share of approximately ~40-50%. High product quality and variety has limited the competition to these companies.

Launching innovative products at affordable prices is at the cornerstone of these and other prominent players. In February 2018, FrieslandCampina launched a new ingredient, Micelate Prestige that offers heat stability, good dispersibility, emulsification, and low viscosity.

Likewise, in August 2020, Bioergs- an Italian start-up company, introduced a next-generation dextran that is 10x as inexpensive compared to standard dextran; it also has high level of casein to enhance the moisture by binding with water and also to maintain texture.

In August 2020, Arla Foods introduced its first organic ingredient due to increasing demand for natural protein ingredients. The product, MicelPure, has 87% native protein suitable for functional ingredient-based health foods. It contains reduced fat and lactose content, and is heat-stable.

Segments Covered In Casein Market Analysis

Derivatives Type

• Sodium Caseinate
• Calcium Caseinate
• Potassium Caseinate

End-Use

• Food
• Yogurt
• Cheese Processing
• Ready-to-eat Meals
• Dairy Products
• Coffee Whiteners
• Confectionary
• Sauce & Seasoning
• Meat Processing (Sausage)
• Meat Products
• Beverage
• Pharmaceuticals
• Infant Nutrition
• Clinical Nutrition
• Sports Nutrition
• Personal Care
• Skin Care
• Hair Care
• Cosmetics
• Agriculture/Animal Feed/Poultry
• Other Industries

Function Types

• Texturizing Agent
• Flavoring Agent
• Coating Agent
• Binding Agent
• Emulsifying Agent
• Heat Stabilizing Agent

Region

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

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More Valuable Insights on the Casein Market

A recent market study published by Future Market Insights on the Casein market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Casein market, the growth prospects of the market are obtained with maximum precision.

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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Heightening health and environmental concerns have compelled consumers to bring about a paradigm shift in their eating habits. Increasing presence of inorganic contaminants such as chemicals and excessive antibiotics have heightened incidences of chronic and infectious diseases. These broader factors are likely to drive global spice oils & oleoresins market during 2020-2030, according to a new research by Future Market Insights.

Oleoresins and spice oils are preeminent in the food & beverage industry. Oleoresins are botanical extracts, amalgamating essential oil and resin constituents. They are non-volatile or volatile compounds obtained from spices using solvents.

Possessing properties akin to conventional spices, oleoresins are effective substitutes providing equally effective texture, aroma and flavor. Moreover, they are easy to store and transport due to their highly concentrated nature leading to immense bulk and space savings.

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COVID-19 Impact Insights

As the world buckles under the pressure of COVID-19, the spice oils & oleoresins market is anticipated to remain stoic throughout its duration in the short-term. Rising demand for ready-to-eat products across the world has assisted the oleoresin market to survive despite logistical roadblocks.

Heightening demand for noodles, pasta and other instant foods during the pandemic as well as the drive to prepare new home-cooked tasty meals have generated good tidings for the market. However, demand is likely to suffer in the HORECA segment as dine-out facilities have shut down amid implementation of social distancing measures.

Despite this slowdown, the global landscape is anticipated to remain substantially strong throughout the duration of the pandemic, with consistent demand being generated from the pharmaceutical and instant food industries.

Competitive Intelligence

The global spice oils & oleoresins market is interspersed with the presence of multiple players. Majority of these players are making inroads into the South Asian markets, attributed to the easy availability of spices and other raw materials. Major emphasis is on forging links with regional distributors to augment sales networks.

In September 2019, doTERRA International LLC, a prominent essential oils manufacturers, established its business outreach into the South American market, initiating a new corporate office in Colombia. The company manufactures essential therapeutic oils derived from oleoresins. This foray has helped South American customers access to top quality therapeutic oils.

Ultra-International B.V, a prominent Dutch oil specialist company, operates across several prominent regions, having its operations in countries such as Singapore, US, Australia, the Middle East and India. The company manufactures a range of oils from plant-based sources, such as cloves, coriander, cumin and eucalyptus among others.

Key Segments

Type

• Spice Oils
• Oleoresins

Distribution Channel

• B2B/Direct
• B2C/Indirect

Nature

• Organic
• Conventional

Application

• Food & Beverages
• Bakery & Confectionery
• Beverages
• Dressings & Condiments
• Sauces, Spreads & Soups

• Cosmetics and Personal Care
• Skin Care
• Hair Care
• Toiletries
• Aromatherapy

• Pharmaceuticals
• Household
• Dietary Supplements
• Foodservice
• Industrial

Region

• North America (U.S & Canada)
• Latin America (Mexico, Brazil, Peru, Argentina & Rest of Latin America)
• Europe (EU-4, BENELUX, Nordic Countries, Russia, Poland & Rest of Europe)
• South Asia (India, Thailand, Indonesia, Malaysia and 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)

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-4510

More Insights on the Spice Oils & Oleoresins Market

A recent market study published by Future Market Insights on the spice oils and oleoresins market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. The report has been segmented on the basis of type (spice oils and oleoresins), nature (organic and conventional), application (food & beverages, cosmetics & personal care, pharmaceuticals, dietary supplements, household, foodservice and industrial) and region (North America, Latin America, Europe, South Asia, Oceania, East Asia and MEA).

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

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

Contact:

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Yellow pea protein is a supplement that is primarily extracted from yellow peas and is increasingly used across the food & beverages sector to increase protein content in shakes and smoothies. Over the past decade, new food trends have emerged at a consistent rate around the world, including veganism, free form, clean-label, and chemical-free. As a result, the demand for yellow pea protein has witnessed steady growth and the trend is expected to gain further momentum during the forecast period. The health benefits associated with yellow pea protein is another major factor that has attracted considerable interest from food manufacturers.

At the back of these factors, along with the entry of a number of food manufacturers that are pinning their hopes of the growth of plant-based and vegan products, the global yellow pea protein market is expected to attain a market value of ~US$ 3.1 Bn by the end of 2030.

Plant-based food products have gained fast-paced popularity over the course of the last decade due to which, the demand for plant-based proteins continues to move in the upward trajectory– an important factor that is likely to drive the expansion of the global yellow pea protein market during the assessment period. Some of the other factors that are likely to aid the growth of the market for yellow pea protein include its optimum shelf life, easy-to-add attribute, stable price, nutrients content, and sustainability, among others. At present, yellow pea protein is increasingly being used to manufacture protein shake powders, vegan burgers, plant-based milk, etc.

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the yellow pea protein market. Some of these are:

The yellow pea protein market has shown significant growth in recent years. The market is valued at US$ 1,737.2 Mn in 2019. The market is expected to show a dip in 2020 sales owing to the COVID-19 crisis. Market is forecasted to show significant growth during the recovery period of the COVID-19 crisis. North America accounted for 33.5% of the global volume share in 2020 as the largest buyer. Increasing demand for gluten-free products in the U.S., the sport nutrition industry’s robust growth are important factors that positively influence growth. Yellow pea protein processed by dry processing segment accounted for 68.2% of total revenue market share in 2020 and is expected to continue to lead over the forecast period. Major use of the form in the production of nutritional health supplements, bakery goods and meat products is expected to fuel the segment in the global market.

Yellow Pea Protein in Animal Nutrition Products

Since the last decade, yellow pea protein is significantly used in place of wheat, beet pulp, soy, and corn fibers in pet foods. The yellow pea protein, which is used in pet food primarily, has bland that doesn’t affect the palatability of the pet food. According to  PetfoodIndustry.com, “In pet foods, yellow pea protein is used as  nutritionally functional fiber due to laxation effects associated with  water holding capacity (Nearly 13ml water per gram of yellow pea  protein) of the insoluble fiber”. Yellow pea protein is a filler that is added by inexpensive mass-markers in pet food products for various reasons.

However, none of that reason is related to providing appropriate nutrition for pets as it is relatively high in crude fiber and low in fat. Owing to these factors the yellow pea protein is an essential ingredient required for lowering the calorie amount for weight management among pets. In June 2019, FDA (Food and Drug Administration) stated that many ingredients used in pet foods such as grains and meats are considered safe and does not require pre-market approval.

Who is winning?

Yellow pea protein manufacturers market products for utilization in meat substitutes, nutritional supplements, snacks, and baked goods to the food and beverage industries. Many of the manufacturers formed strategic relationships with distributors to ensure distribution of yellow pea protein. Roquette America entered into a strategic alliance with World Food Processing to produce and sell their North American pea protein isolates. World Food Processing also participates in the processing and cultivation of several grains, one of the primary ones being yellow peas.

Roquette Frères is focusing on expanding its production units to fulfil the demand of protein products. In 2017, the company built a pea protein production unit in Canada to meet fast-growing demand for vegetable protein in food and pharmaceutical products in North America. The company focuses on producing various innovative pea protein products, frequently. In 2019, the company launched two textured proteins products, one from the peas and one from the fava beans. Burcon NutraScience Corporation is focusing on increasing their production capacity through joint venture. The company has entered into a joint venture with Merit Functional Foods to develop a new canola-protein and pea-protein commercial production facility in Canada. This protein production plant, is expected to initially process more than 20,000 tonnes of peas per year beginning in mid-2020. Key Segments

Key Segments

Nature

• Conventional
• Organic

End- Use

• Food Processing
  • Meat Alternatives
  • Bakery Products
  • Confectionery
  • Snacks & Cereals
  • Meat-Based Products
  • Others
• Animal Feed
  • Livestock
    • Cattle
    • Swine
    • Poultry
  • Pet Food
  • Aqua feed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition
• Cosmetic & Personal Care

Product Type

• Protein Concentrates
• Protein Isolates
• Textured Protein
• Hydrolyzed Protein

Process Type

• Dry Processing
• Wet Processing

Global

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

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Yellow pea Protein Market Outlook & Key Findings

• • Global yellow pea protein market to rise at a CAGR of 6.1% between 2020 and 2030
  • Organic yellow pea protein ingredients segment is expected to have CAGR 7.1% in the forecast period
  • Amongst yellow pea protein end use segment, the demand from food processing sector is estimated to lead market share with 50.4% share in 2020
  • The market for food processing segment is valued at US$ 861.4 Mn in year 2020 which is expected to be valued at US$ 1,492.3 Mn by the end of 2030
  • In the processing type segment, wet processing is expected to grow at a CAGR 6.8%
  • North America is anticipated to have largest market share of yellow pea protein industry with a value share of 32.8% in the year 2020

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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Newly released data from Global Lupin Protein market size was estimated at USD 89 million in 2022, growing at a CAGR of 5.1% during the forecast period 2022-2032. Lupin market size is estimated to reach at UAD 142.4. Mn by 2032

According to the market research analysis, Prolupin GmbH, The Protein Bread Company, Costantino & SpA, Frank Food Products, Lup Ingredients, Barentz International are identified as key Lupin Protein brands.

In the food and beverage industry, meat substitutes, bakery products, and confectionery are the major segments witnessing high demand, followed by snacks & cereals products.

In terms of product type segment of Lupin Protein market, protein concentrates & isolates, and confectioneries collectively accounted for USD 31 Mn in 2021, according to the Annual Market Analysis conducted by Future Market Insights.

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FMI in its report studies various factors helping the lupin protein market gain impetus across these countries.

The FMI study delves deep into the prevailing dynamics to offer interesting insights into the lupin protein market. Some of these are:

With growing awareness for benefits of plant-based products among consumers, the demand for alternatives protein has increased. This is encouraging manufacturers to develop innovative plant-based products with lupin protein as a key ingredient. According to FMI, the global lupin protein market is estimated to be valued US$ 84 Mn in the year 2020 Among the end-use segments, food processing accounts for the leading market share and boasts a value of US$ 59 Mn. It is projected to expand at a CAGR of 4.7% over the forecast period Europe accounts for the largest share in the global market owing to the awareness among consumers regarding the benefits of lupin and its products. There are large number of manufacturers located in Europe, more concentrated in EU-4, Germany, and others. Their presence is expected to boost the market in the region Lupin protein products are recently introduced in North America. However, to realize impressive growth prospects in the region, market players are required to invest increasingly in marketing their products and promoting various health benefits of lupin protein

“Plant proteins are finding increasing application as a nutritional ingredient since they are obtained from nature and are additive-free. As a result, application of plant-based protein is increasing for food & beverage and nutritional purposes, as it is pure, natural, non-GMO, enriched with amino acids, and can be easily mixed with beverages and food products,” said a lead analyst at FMI

Increasing Focus on Preventive Healthcare Anticipated to Fuel Demand for Lupin Protein      

Sedentary lifestyles is often linked with the rising prevalence of lifestyle-related issues and diseases. To combat these issues, consumers are turning towards preventive healthcare and switching to healthy food with potential health benefits. Lupin is growing in popularity as a superfood and is used as key ingredient in dietary supplements, sports nutrition, nutraceuticals, and food products.

The growing popularity of lupin protein in various end-use applications is attributed to the health benefits associated with its consumption. Lupin is devoid of starch, which is very unusual for species of edible bean. It also contains moderate amount of carotenoids beta carotene, lutein, zeaxanthin, and tocopherols (vitamin E), which make it a “superfood” for today’s generation.

Lupin protein is a natural food, which has higher calcium and phosphate content than cereals. The increasing awareness regarding health and wellness among consumers has resulted in the increasing adoption of lupin protein as key ingredient across the food and beverages sector.

Who is winning?

The lupin protein market is currently at a nascent stage and the dearth of awareness is acting as a major restraint to growth. Companies operating in the market are currently focusing on product launches and spreading awareness about various health benefits to gain competitive advantage.

Companies such as Aminola, Coorow Seeds, and Lupine Protein Isolate (LPI) are focusing on various technological innovations to preserve nutritive profile of their ingredient and expand their customer reach.

Of these, Coorow Seeds is Hazard Analysis and Critical Control Point (HACCP) accredited, which ensures that under no circumstance the company will render food unsafe. Consumers are likelier to prefer food from companies with similar certifications.

Segments Covered in Lupin Protein Market Analysis

Nature

• Conventional
• Organic

End- Use

• Food Processing
• Meat Alternatives
• Bakery Products
• Confectionery
• Snacks & Cereals
• Meat-Based Products
• Others
• Animal Feed
• Livestock
• Cattle
• Swine
• Poultry
• Pet Food
• Aqua feed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition

Product Type

• Protein Isolates
• Protein Concentrates
• Flour
• Other Product Type

Process Type

• Protein Isolates
• Protein Concentrates
• Flour
• Other Product Type

Processing Type

• Dry Processing
• Wet Processing

Global

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

Discover more about report analysis with figures and data tables. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12372

Key Questions Answered in the Report

• How much is the current worth of Lupin protein market?

Currently Lupin protein market is worth more than USD 89 Mn.

• At what CAGR is the market expected to grow?

Lupin protein market consumption is expected to grow at a CAGR of around 5.1% during the period 2022-2032.

• How was the performance in the last five years?

In terms of revenue, Lupin protein market grew at a CAGR of around 4.7% during 2017-2021

• What is the demand outlook forecast for the Lupin protein market?

The global Lupin protein market is forecasted to surpass USD 142.2 Mn by the end of 2032.

• Who are the top 5 players operating in the market?

Prolupin GmbH, The Protein Bread Company, Costantino & SpA, FRANK Food Products, Lup Ingredients, Barentz International are expected to be the top players driving the market growth.

• How are market players reacting to the new developments in the market?

Market players are focusing on new product launches, Lupin protein distribution channels, merger and acquisition strategies to remain a prominent player in the global market.

• Which are the major countries driving demand for Lupin Protein?

The Asia pacific, U.S., and Europe are the major countries driving demand for lupin protein

• At what rate will the U.S. Lupin protein market grow?

U.S. Lupin protein market is projected to grow at a CAGR of around 26% over the next ten years.

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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Plot No: JLT-PH2-X2A

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Superfood powders have moved beyond the health food stores to land at local supermarkets and hypermarkets. While the authenticity of benefits of these products is still a subject of debate in various scientific spheres, large-scale and increasing demand for superfood powders is paving the way for innovative products and new businesses, according to a new report by Future Market Insights (FMI).

Superfood powders are nutrition-rich products that offer specific health benefits, ranging from imploring immune system and detoxifying the body naturally, to boosting energy levels as well as sexual health.

These products are considered suitable for adding significant nutrients to food and beverages – baked goods, yogurt, smoothies, and lattes – that are consumed on a daily basis.

Consumers perceive their health and well-being comprehensively, embracing a balanced set of lifestyle habits that scale up to a more general sense of feeling well. In addition, consumers are increasingly seeking food products with a functional boost, whether the product is a snack, beverage, or on-the-go meal.

Recent studies reveal that consumers have been increasingly turning to food and beverage choices that provide functional benefits over the recent past, yet the trend has gained significant momentum during the COVID-19 pandemic.

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Superfood Powders Market Size Study

About 65% of consumers seek food and beverages with added functional ingredients, and 25% are actively looking for superfoods Functional ingredients such as moringa, maca, hemp, and matcha remain bestsellers East and South Asia to reflect potential growth prospects in the coming years

“Consumers are substantially looking for plant-based protein, with various startups delivering novel categories of alternatives to dairy and meat. As these startups build up, few are innovating new types of plant-based protein that go beyond soy or nuts. Algae protein, pea protein, and chickpeas are witnessing strong early-phase momentum,” says the analyst at FMI.

COVID-19 Impact on Superfood Powders Market

The COVID-19 pandemic has triggered notable change in consumer behavior, as consumers are substantially demand for health-centric food and beverages.

Some consumer-health firms in the US have registered rise in prevention- and immunity-oriented products amid the pandemic, with an over 40% y-o-y surge in sales of multivitamins.

Moving ahead, consumers are shifting from conventional channels to other channels for buying superfood powders in the wake of social distancing norms and stay-at-home orders. Online sales of grocery items soared by 20% y-o-y in Italy from February 23 through March 11, 2020.

Similar shifts in purchasing platforms are already in progress in the US, where online traffic for groceries has climbed up by at least 25%. Driven by these pandemic-led facts and figures, manufacturers of superfood powders are going online to lock in consumers through better-quality products.

Key Segment

Nature

• Organic
• Conventional

Sales Channel

• Modern Trade
• Convenience Store
• Specialty Store
• Pharmacy Store
• Online Retail
• Other Sales Channels

Region

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

Superfood Powders Market – Competitive Intelligence

The global superfood powders market remains highly competitive. As such, market players are differentiating their product portfolio with unique value propositions to firm their grip in marketplace.

Brandless has rolled out 15 new products including vitamins, superfood powders, supplements, and essential oils. The superfood powders comprise of plat-based protein, matcha, and maca. Moreover, all of the products are gluten-free, organic, and vegan. Nutiva has introduced Organic MCT Creamer that contain medium-chain triglycerides (MCT) extracted from coconut oil. Love Beets has developed ‘Love Beets’ superfood powder for health and fitness enthusiasts. These superfood powders are made with 100% beets, contain no additives, sugar or preservatives, and are non-GMO, gluten-free, and organic.

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Want To Know More About Superfood Powders Market?

A new market research report published by Future Market Insights (FMI) on the global superfood powders market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the superfood powders market through three different segments – nature, sales channel, and region. The superfood powders market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of superfood powders and product adoption across several end-use industries

Superfood Powders Market Outlook & Key Findings

• Market to ride the global wave of ‘organic’ and ‘vegan’ trend
• Online channels gain prominence due to COVID-19 induced behavior changes
• Seeds, berries, and exotic algae powders to stay in-demand
• North America largest market, with the US accounting bulk of the demand

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:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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Demand in the bubble tea market is expected to reach US$ 2.3 Bn in 2021. Looking forward, Future Market Insights (FMI) expects the global bubble tea market size to reach US$ 5.5 Bn by 2031, exhibiting growth at 8.8% CAGR for 2021-31.

Bubble tea is made using black tea, green tea, oolong tea, or white tea. It has a milk base and includes chewy tapioca balls or boba and fruit jelly.

Sales of bubble tea or pearl milk tea is growing in response to the high demand for healthier alternatives to carbonated drinks. With demand forecast to grow at an impressive pace, the overall bubble tea market will represent 2% of sales registered in the tea industry in 2021.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310  

Future Market Insights offers a holistic overview of the global market in its report. It offers various interesting facts about the market and evaluates investment feasibility across key segments. Some of the key factors highlighted in the report are:

Tracing back its origin to Taiwan, bubble tea will continue witnessing immense popularity in East Asia. FMI forecasts Asia Pacific to hold dominant share in the market Demand for fruit flavored bubble tea is expected to rise higher, giving impetus to the overall market Among teas available, black tea will continue leading the market thanks to consumer preferences for healthy beverages

“Availability of bubble tea in a plethora of flavors has helped the sales to pick up in the last few years. While chewy tapioca balls have lesser calorie count, they are soaked in sugar which makes them less healthier. Given the scenario manufacturers are expected to experiment with various flavors and healthier versions of bubble tea incorporating green tea and other exotic flavors to retain consumers,” said a lead analyst at FMI.

Who is winning?

The bubble tea is a highly competitive one, wherein manufacturers are looking at expanding their footprint to gain edge over rivals. Besides this, there is ample focus on product launches as well. In both front, market players are engaging in creating awareness about bubble tea. Many even underscore the various health benefits and antioxidant properties to give tailwinds to sales.

FMI profiles some of the leading companies operating in the bubble tea market. These include Chatime, OCOCO International Co., Ltd., Quickly Corporation, Gong Cha USA, Boba Guys, Inc., ZEEKEI GmbH, Sharetea, VIVI BUBBLE TEA, 8tea5, Kung Fu Tea, Ten Ren Tea, Inc., Lollicup USA, Inc., Tapioca Express, Inc., Boise Boba, and Woop Bubble Tea.

Bubble Tea Market by Category

By Base Ingredient:

• Black Tea
• Green Tea
• Oolong Tea
• White Tea
• Others

By Flavour:

• Original
• Flavored
  • Nut-Flavoured
  • Chocolate
  • Fruit
  • Honey
  • Mocha
  • Coconut
  • Caramel
  • Vanilla

By Sugar Content:

• Regular
• Reduced Sugar/Sugar Free

By Format:

• Ready-to-Drink (RTD)
• Instant Mixes

By Toppings:

• Pearl
• Grass Jelly
• Coconut Jelly
• Red Bean
• Multiple/Others

By Distribution Channel:

• Direct (B2B)
• Indirect (B2C)
  • Hypermarket/Supermarket
  • Convenience Stores
  • Grocery Retailers
  • Grocery Retailers
  • Wholesale
  • Other Store based Retailing
• Online Reatailing

By Region:

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

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Key Questions Answered in the Report

• What is the bubble tea market size?

The global bubble tea market size is expected to reach US$ 2.3 Bn in 2021. By 2031, the market value is poised to surpass US$ 5.5 Bn at 8.8% CAGR.

• What is the most popular bubble tea flavor?

Chocolate bubble tea, followed by nut-flavored bubble tea is most popular in the market.

• What are the key trends shaping the bubble tea market?

High demand for flavored beverages derived from natural ingredients is encouraging flavor innovation in the bubble tea market. Consequently, some of the leading bubble tea brands are emphasizing on frequent product launches, which is expected to remain key trend in the market.

• Who are the leading players in the bubble tea market?

Top players in the bubble tea market are Cha Time, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happy lemon, Lollicup USA, Inc., Share Tea. Key players accounted for around 40% of market share in 2020.

• How was post-COVID bubble tea market performance?

Despite supply chain disruptions witnessed amid COVID-19, the bubble tea market registered 7.5% year on year growth in 2021.

• What is the North America bubble tea market outlook?

The bubble tea market in North America will grow by 7.6% CAGR between 2021 and 2031.

• What is the Europe bubble tea market outlook?

The Europe bubble tea market will register growth at 7.6% CAGR through 2031

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 Air-dried Food Market is expected to reach a market valuation of US$ 92.8 Billion by the year 2022, accelerating with a CAGR of 4.3% by 2022-2032.

The rising demand for healthy food that can be stored over a longer period of time has proven to be a boon for the air-dried food market. Future Market Insights (FMI) in a recent study has forecast the market to rise at an impressive pace, a trend which is expected to gather steam in response to increasing health consciousness among consumers.

Market surveys suggest, consumers are more willing than ever before to pay premium price for healthy food. Air drying food helps preserve its nutrients while extending the shelf-life without using any artificial additives. More generally speaking, it is a process of evaporation that helps rid moisture from food thus eliminating the risk of contamination due to bacteria, mold, or yeast.

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Foray of novel and advanced packaging technologies is expected to facilitate expansion of the market. Some of the leading manufacturers are adopting these advanced techniques to air dry food and make them available at a commercial scale. Packaging also helps improving the longevity of the food item.

Dehydrating food is practiced in both household and commercial levels. Market today has several machines, both indigenous and high-end, available for dehydrating smaller quantities of food for home consumption. Commercially, some of the leading food producers use air drying techniques to manufacture ready-to-eat and ready-for-consumption packaged foods.

This is another chief driver of the market. According to FMI, despite their hectic lifestyle, consumers are looking for convenient food that have high nutritive value. Furthermore, awareness pertaining to health and wellness has made them wary about preservatives used in frozen or packaged food. This invariably creates a market, ready to accept the air drying technology that offers better convenience without compromising on the overall quality of food.

FMI in its recent report studies various factors impacting the trajectory of the air-dried food market. It covers factors driving growth and those restraining it. The report also uncovers hidden opportunities for market players. It offers key insights into the market. Some of these are:

Rising commercial application will give tailwinds to the growth witnessed in the air-dried food market Coffee beans are expected to comprise leading market share in terms of products Europe is expected to dominate the global market, however, demand from Asia Pacific is poised to surge considerably over the coming years Air-dried fruits have become a highly popular and high-energy snacking option among consumers

Who is winning?

The global air-dried food market is characterized by the presence of numerous market players, which has rendered it fragmented. Therefore the market is witnessing frequent product launches besides strategic collaborations as companies aim at gaining competitive advantage. Evidently, they are also under pressure to maintain competitive pricing.

FMI profiles some of the leading companies operating in the global air-dried food market. These include DMH Ingredients, Inc., Dehydrates Inc., Berrifine A, La Frubense, BCFoods, Inc., Saraf Foods Pvt. Ltd., B-B Products (Australia) Pty Ltd., Nestle S.A., FREEZE-DRY FOODS, HOWENIA ENTERPRISE CO., LTD.

Key Segment

Form

Powder & Granule Chunks & Pieces Flakes

End User

Household Commercial

Region

North America Latin America Europe East Asia South Asia and AEAN MEA

Air-dried Food Market: Key Research Findings

Future Market Insights (FMI) forecasts impressive growth of the air-dried food market at over 7% CAGR between 2020 and 2030 Spurred by willingness among consumers to pay premium for convenience goods will enable market surpass a whopping US$ 93 Bn of worth by 2020 Advent of innovative packing technologies and materials will create incremental growth opportunities. Following this, the market will witness foray of wooden packaging and stand-up pouches Based on form, powder and granules are likely to be in high demand and hold dominance in the global market Coffee beans will continue dominating as the top product. Rising production of instant coffee and coffee powder will boost growth in the segment

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Frequently Asked Questions

• How Big is the Air-dried Food Market?
• What is the CAGR of the Air-dried Food Market for the period 2022- 2032?
• What is the North America Air-dried Food Market share?
• What Are the Key Trends Shaping the Air-dried Food Market?
• What are the key players in the Air-dried Food Market?

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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As per Future Market Insights (FMI), the global pet milk replacers market is projected to reach US$ 192.7 Mn in 2021. New pet parents are embracing the trend of pet humanization, resulting in increasing expenditure on pet products and accessories.

Growing preference towards sustainable and nutrient-rich pet feed is propelling sales of pet milk replacers. FMI projects the market to grow at a robust 7.10% CAGR through 2031.

The advent of the novel COVID-19 pandemic led to dampened sales of pet milk replacers due to restrictions in movement and disrupted supply chains. However, FMI projects a positive demand outlook for the pet milk replacers, as the market experienced year-over-year growth by 6.30% from 2020 to 2021.

Pet milk replacers are emerging as beneficial additions to pet diets. Pet milk replacers are generally fed to puppies and kittens to meet the need for nutrition which is lacking in cow or goat milk.

Most dog breeds and feline species are allergic to cow’s milk. Having highly sensitive digestive systems, these animals are susceptible to gastrointestinal issues which can even lead to severe outcomes.

As people are getting highly conscious about pet health, sales of pet milk replacers are anticipated to continue gaining momentum throughout the assessment period. According to FMI’s market survey, non-medicated pet milk replacers will remain highly sought after through 2031.

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As per FMI’s regional analysis, sales of pet milk replacers in the U.S. are anticipated to witness an uptick in the upcoming decade. Growth in the market can be attributed to higher disposable income in the country and the penetration of leading players.

“Demand for sustainable food alternatives for animals, coupled with innovative product launches from key stakeholders to improve nutritional content in pet milk replacers will continue augmenting market growth through 2031,” says the FMI analyst.

Key Takeaways from the Pet Milk Replacers Market Survey:

Based on product, sales of non-medicated pet milk replacers are projected to hold the lead through 2031. Powdered pet milk replacers will dominate the market, due to convenience in terms of transport and logistics. The U.S. is projected to emerge as a lucrative market, with the North America market expanding at a 4.90% CAGR. Germany will lead the Europe pet milk replacers market. As per the market analysis, Europe is anticipated to exhibit a steady 5.60% CAGR. Demand for pet milk replacers in China are expected to be positive, with increasing expenditure on pet food and accessories in the country. Japan and South Korea will account for 4.9% and 3.2% of the total market share respectively.

Competitive Landscape

Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc., Nutreco N.V., Pet-Ag, Inc., Land O’Lakes, Liprovit BV, Calva Products, LLC, and Jordan Agri Limited. are among the leading players operating in the pet milk replacers market.

As a part of their growth strategies, leading players in the market are emphasizing on product development and production facility expansions to fulfill the growing demand. Acquisitions and collaborations will hold significance among market players. For instance:

In July 2021, Archer Daniels Midland Co. announced its plans to acquire Serbian agribusiness company Sojaprotein. The company intends to expand its diverse product portfolio with this acquisition, improving its meat alternatives, confectionery, pharmaceutical, and pet food segments. In April 2020, Pet-Ag, Inc. inaugurated its fully operational production and distribution facility in Hampshire, Illinois. The 157,000 square-foot building consolidated two of Pet-Ag’s production, research, and administrative locations in Kansas City.

Pet Milk Replacers Market by Category

By Pet Type: 

• Dogs
• Cats
• Others

By Product Type:

• Medicated
• Non-medicated

By Form Type:

• Liquid
• Powder

By Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific Excluding China (APEC)
• China
• Middle East & Africa (MEA)

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Key Questions Answered in the Report

What is the current pet milk replacers market value?

The pet milk replacers market reached a valuation of US$ 192.7 Mn in 2021.

At what rate did the pet milk replacers market grow between 2016 and 2020?

The pet milk replacers market experienced positive growth, exhibiting a 6.30% CAGR between 2016 and 2020.

What are the key trends driving pet milk replacers sales?

Growing prevalence of pet humanization, coupled with longer shelf life and convenience of pet milk replacers are key growth accelerators in the market.

Who are the leading players in the pet milk replacers market?

Leading players operating in the pet milk replacers market include Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc. and Pet-Ag, Inc.

What will be the demand outlook for the North America pet milk replacers market?

The North America pet milk replacers market is anticipated to grow at a steady 4.90% CAGR during the forecast period.

At what rate will the sales of pet milk replacers grow in Europe?

The pet milk replacers market in Europe is expected to exhibit a healthy 5.60% CAGR through 2031.

What is the market share of leading players in the pet milk replacers market?

The top 5 players in the pet milk replacers market collectively account for approximately 15-25% of the global market share in 2021.

Which are the top countries driving the sales of pet milk replacers?

Top countries in driving the pet milk replacers market sales are the U.S., France, Germany, China, and Brazil.

What is the current market share of Japan and South Korea in the global pet milk replacers market?

Japan and South Korea will account for 4.9% and 3.2% of the total market share respectively.

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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