Market Research Blog

The global aloe vera gel market is estimated at USD 337.7 Mn in 2022 and is projected to reach USD 712.3 Mn by 2032, at a CAGR of 7.8% from 2022 to 2032. Globally, the market is estimated to create an absolute $ opportunity of about USD 374.6 Mn by 2032.

Aloe vera is popular worldwide due to the medicinal, herbal, and remedial properties it possesses. The aloe vera plant is a species of the Liliacea family, and is majorly grown in tropical regions such as the United States, Mexico, China, India, Korea, and others. Aloe vera gel is derived from the inner leaf of the plant, and comprises majorly of water content and minerals, hormones, enzymes, vitamins, amino acids, and sugars in small amount. Aloe vera gel offers a wide range of benefits, owing to its diverse beneficial properties and applications in several industries, such as cosmetics, healthcare, personal care, baby care, food and beverages, and others.

There are immense opportunities for market participants in the aloe vera gel market, owing to the enormous use of aloe vera gel as a dietary supplement as an ingredient in the cosmetic industry for the removal of acne, revitalizing skin, smoothing the skin and hair, for skin treatments, and more. Aloe vera gel is also used for juices and as a food ingredient for providing additional nutritional supplement and instant energy.

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Growing Focus on Product Promotion through Various Consumer Platforms Surging the Demand for Aloe Vera Gel

In recent years, the number of health and fitness shows and events has increased, worldwide, which, in turn, is driving the growth of the aloe vera gel market. Aloe vera gel product manufacturers are focused on targeting these shows for product promotions. Moreover, aloe vera gel manufacturers are also laying emphasis on increasing brand visibility through various promotional events. The promotion of aloe vera gel drinks in direct selling channels is also helping foster revenue growth and awareness.

The advertising of natural ingredient-based products in magazines, TV lineups, and newspapers is increasing consumer awareness about the potential benefits of aloe vera gel.

North America to Dominate the Global Aloe Vera Gel Market

The North American region is estimated to account for around 44.5% of the market share for aloe vera gel in 2018 by value, with the U.S. having the highest share in the region, with an estimated value share of 90%, and the projected aloe vera gel market value to be US$ 100.9 Mn in 2018. In addition, the APAC region also is estimated to showcase prominent growth in the aloe vera gel market during the forecast period, with a CAGR of 8.8% by value, owing to growing urbanization, increase in the disposable income of consumers, high millennial population, and changing lifestyle and food & beverage preferences.

e-Commerce One of the Fastest Growing Distribution Channels in the Aloe Vera Gel Market

The fastest-growing distribution channel in the aloe vera gel market during the forecast period is projected to be e-Commerce platforms, which is estimated to grow at a CAGR of 10.4%, with a BPS of 436, owing to technological and digital advancements, and increase in the number of consumers, especially the millennial population using smartphones and other digital mediums to buy various food and beverages, cosmetics, homecare, and grocery products with just a click while sitting at their places.

Global Aloe Vera Gel Market: Competition Dashboard

FMI has profiled some of the prominent market participants in the global aloe vera gel market identified across the value chain, such as Terry Laboratories, Inc., Aloe Laboratories, Inc., Lily of the Desert, Patanjali Ayurved Ltd., Aloecorp, Inc., Pharmachem Laboratories, Inc., L’Oréal S.A., Herbalife International, Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Foodchem International Corporation, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Fruit of the Earth, Inc., Nature’s Essence Pvt. Ltd., Forever Living Products International, Inc., and a Improve USA, Inc., among others.

Market Segmentation

Following are the major segments in the aloe vera gel market:

Aloe Vera Gel Market by Nature

• Organic Aloe Vera Gel
• Conventional Aloe Vera Gel

Aloe Vera Gel Market by End Use

• Hair Care
• Skincare
• Toiletries
• Baby Care
• Healthcare
• Food and Beverages
• Other End Uses

Aloe Vera Gel Market by Distribution Channel

• Direct
• Supermarkets/Hypermarkets
• Specialty Stores
• Pharmacy Stores
• Convenience Stores
• Online Retail
• Others

Aloe Vera Gel Market by Region

• North America
• Latin America
• Eastern Europe
• Western Europe
• APAC
• Middle East & Africa

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Key Questions Answered in the Report

• What is the size of aloe vera gel market?

In 2021, aloe vera gel market is valued at US$ 315 Mn, and expected to grow at 7.8 % CAGR.

• Which are the leading companies in aloe vera gel market?

The major players in the global aloe vera gel market are Terry Laboratories, Inc., Aloe Laboratories, Inc., Lily of the Desert, Inc., Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Forever Living Products International, Inc., and a Improve USA Inc.

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

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The global non-alcoholic malt beverages market size is expected to reach US$ 37,209.8 Mn by the end of 2028. According to a study by Future Market Insights (FMI), titled “Non-alcoholic Malt Beverages Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018-2028,” the market will show a steady rise at 4% CAGR between 2019 and 2028.

According to the report, the rising demand for healthier options in non-alcoholic beverages will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

With time a larger section of consumers are realizing the benefits of non-alcoholic beverages. This paradigm shift from alcoholic beverages to dairy-based alternatives or carbonated soda drinks is attributable partly to product innovations brought about by leading brands.

As consumers get more health conscious, leading companies are compelled to offer healthier alternative to their favorite food and drink. Given the scenario, the market for non-alcoholic malt beverages is expected to expand in the coming years, especially with them gaining popularity in regions such as the Middle East.

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It includes in-depth insights into the non-alcoholic malt beverages market. Some of these are:

• The estimated value of the market was at US$ 25,224.1 Mn in 2018. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Regionally, Asia Pacific excluding Japan emerged as a key market for non-alcoholic malt beverages.
• Western Europe and North America will remain steady as key markets for non-alcoholic malt beverages.
• The Asia Pacific market is also expected to show growth at the highest rate over the forecast period.
• Key players are likely to focus on product innovations to stay relevant in developed markets.

Presence of a Thriving Food and Beverages Industry Supports Growth in Developing Regions

Rising production and demand for food ingredients has considerably aided the market’s expansion across emerging nations. For instance, the food market in China is forecast to surge exponentially, creating growth opportunities for the non-alcoholic malt beverages market. While non-alcoholic malt drinks market is considered a niche segment, experts haven’t failed to notice high-volume offering of the category. A non-alcoholic malt beverage contains significantly lesser amount of calories than carbonated drinks, which is aiding their fast penetration into emerging markets. Producers in this category generally target people who refrain from consuming alcohol.

Impelled by prevailing scenario, several leading companies are gearing to launch options in the alcohol free category. For instance, consumer demand led United Breweries to launch Heineken 0.0, to cater to the segment of health-conscious consumers.

Rapid Urbanization Influences Purchase-decision of Consumers

Rapid urbanization has had a major influence on consumer choices. At a time when consumers are increasingly driven by prevailing trends, non-alcoholic malt beverages sale is expected to pick up. Besides this, rising health consciousness among consumers is likely to boost sales of non-alcoholic beer and other beverages. Also the demand for convenient food is rising in response to hectic lifestyle of people around the world. This is a key factor that is expected to drive the non-alcoholic malt beverages market.

In addition to this, consumers are willing to pay higher for products that help them market a statement of higher living standard. This as per experts is one of the key reasons behind the scaling popularity of non-alcoholic malt beverages. According to the report, the demand for non-alcoholic drinks will considerably rise in Asia Pacific excluding Japan and MEA. Westernization, in addition to rising disposable income, will encourage consumers to spend on non-alcoholic beverages.

“Developed regions such as North America and Western Europe already exhibit high demand for non-alcoholic drinks and beverages. Leading companies are currently focusing on flavour launches to suit consumers’ palates in these regions,” said a lead analyst at FMI.

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Who is winning?

Some of the leading players operating in the global non-alcoholic malt beverages market are Van Pur S.A., Nestlé S.A., Gujarat Cooperative Milk Marketing Federation Ltd., CHI Ltd., Royal Unibrew A/S, United Dutch Breweries B.V., Aujan Industries Co., L.L.C., Harboes Bryggeri A/S, Asahi Breweries Ltd., among others.

With competition from alternatives soaring high, non-alcoholic malt beverage manufacturers are seeking out diverse strategies not only to stay relevant but gain a competitive edge. As a result of this, leading players are focusing on product innovation and positioning strategies to build a strong brand image. In addition to this, they are strengthening their research and development capabilities to innovate products to attract consumers.

NON-ALCOHOLIC MALT BEVERAGES MARKET TAXONOMY

The report segments the global non-alcoholic malt beverages market in detail to present an executive-level blueprint to the reader

Product

• Dairy-based
• Carbonated & Soda Drinks

Distribution Channel

• Hypermarkets/ Supermarkets
• Convenience Stores
• Discount Stores
• Specialty Stores

Packaging

• Bottles
• Cans
• Liquid Cartons

Flavor Type

• Classic/ Natural
• Apple
• Peach
• Citrus
• Berries
• Pomegranate
• Mixed Fruit
• Coffee/ Cocoa
• Others

Region

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific Excluding Japan
• Japan
• MEA

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FREQUENTLY ASKED QUESTIONS ABOUT NON-ALCOHOLIC MALT BEVERAGES MARKET

• What drives non-alcoholic malt beverages market?

Rising health consciousness among consumers, coupled with innovations launched by leading companies, will boost the non-alcoholic malt beverages market. The market is also expected to gain from the increasing spending power of consumers.

• Which type of non-alcoholic malt beverage is more popular among consumers?

Consumers exhibit a higher demand for carbonated and soda drinks. However in the coming years the demand for dairy-based beverages will rise at a higher rate.

• Which flavour of non-alcoholic malt beverages appeals most to consumers?

While consumers currently show inclination for classic flavours, in the coming years the demand for apple and berries flavoured non-alcoholic malt beverages is expected to rise.

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

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The sales of bakery enzymes are estimated to be valued at US$ 883.7 Mn in 2021. As per Future Market Insights (FMI), the overall bakery enzymes market value is expected to reach US$ 1,452.3 Mn by 2031, rising at a CAGR of 5.1% for 2021-31.

Sales of bakery enzyme will represent 1.5% to 2.5% of the overall demand in the global enzyme market. The key manufacturers operating in the global market realigning their strategies as consumers shift towards a healthier lifestyles and the growing popularity of artisanal baked goods propelling the growth of bakery enzyme. 

Accounting for half of the total sales of bakery enzymes, carbohydrase continues to witness higher demand as compared to protease and lipase. In recent years, the rise of convenience, on-the-go, and better-for-you trends resulted in increased demand for innovative yet healthy food ingredients, thereby potentially raising sales of carbohydrase.

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This can be attributed to plant-based origin of carbohydrase, in addition to extending shelf-life of breads and cakes and helping in digesting certain types of carbs. As bakers are on the journey of producing goods that appeal to growing number of health-conscious consumers, market players are also focusing on capitalizing on protease and lipase.

Key Takeaways – Bakery Enzymes Market Study

• Food preparations such as pizza, burgers, sandwiches, and other similar fast food products are in high demand, which offers a notable boost to break making industry. This subsequently creates lucrative growth prospects for the bakery enzymes market.
• In line with surging demand for high-quality bread products, the use of additives such as emulsifiers, and enzymes is on a constant rise, for dough stability, improved texture, desired volume, and extended shelf life.
• Growing popularity of chemical-free, clean label products is another important trend favoring growth of bakery enzymes market.

Unlike the accelerating costs of emulsifiers, which are also among the most widely used bakery products ingredients, the costs of bakery enzymes have been relatively stable. This cost stability will continue to augur well for the sales of bakery enzymes in future as well.

Which Are the Key Market Growth Limiting Factors?

Despite witnessing lucrative growth opportunities, the bakery enzymes market is restrained by a few challenges. For instance, fluctuations in pH and temperatures pose threat to the market. For instance, increasing in temperature can increase the overall rate at which enzyme- catalyzed reactions take place. In addition to this, safety concerns pertaining to handling bakery enzymes may restrain the growth of bakery enzymes market during the period of projection.

Market Segments Covered in Bakery Enzymes Industry Analysis

By Product Type:

• Carbohydrase
• Protease
• Lipase
• Others

By Application:

• Breads
• Cakes & Pastries
• Cookies & Biscuits

By Form:

• Powder
• Liquid

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

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FREQUENTLY ASKED QUESTIONS ABOUT BAKERY ENZYMES MARKET

• What are the major factors that would prominently assist the bakery enzymes market growth?

Increasing consumer inclination towards ready-to-eat and packaged food, further complemented by rise in awareness about health and wellness, continues to fuel an upsurge in consumption of bakery enzymes.

• How will the bakery enzyme sales progress over the period of next decade?

An increase in the stringent regulation enforced by governments regarding clean-label and eco-friendly products continues to spur the demand for various bakery enzymes. This will predominantly drive sales of bakery enzymes at a CAGR of 5.8% over the projection period 2019 – 2029.

• Which is the most preferred bakery enzyme in the global market?

Carbohydrase contributes a lion’s share to the growing size of the bakery enzyme market. It would continue to see significant uptake, as it possesses high thermal stability suitable for bakery products. Lipase has also been witnessing rise in demand.

• How is bread making industry influencing bakery enzymes consumption pattern?

In line with consumer inclination towards high-quality and innovative bread products, the bread making industry is observing significant growth over the recent past. Bakery enzymes are thus witnessing a rapid change in consumption pattern, as they are responsible for improved dough handling and a rich texture.

• Which are the major factors that are pulling the bakery enzyme demand?

A sizeable consumer population is allergic to bakery enzymes, if used in excess. Moreover, a measurable chunk of bakery consumers refrains from buying products that contain microorganisms-based bakery enzymes. These factors will continue to restrict consumption of bakery enzymes to a large extent.

• Which region is developing lucrative growth environment for the market?

Over the next 10 years, North America will continue to lead the bakery enzyme market. Additionally, Asia Pacific (excluding Japan) will witness substantial growth owing to favorable government initiatives related to adoption of baked products that contain bakery enzymes.

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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Newly released data from the plant-based beverages market analyzed by FMI estimates that the market enjoyed year-on-year (YoY) growth of 7.4% in 2022 to a total of 111,701,810 Litres in 2022. The market is expected to witness a prominent growth rate of a CAGR of 6.7% to reach the value of US$ 506,534.7 Mn in 2032.

The increase in the consumption of plant-based beverages, which has multiplied many times in the recent time period, is one of the primary drivers for the rise in demand for the product. Plant-based diets, veganism, and vegetarianism are the key drivers of this shift.

Plant-based beverages have been steadily growing in this fast-paced environment, but it has only recently gained notoriety due to a rise in flexitarianism acceptance. One-third of customers in the US and Europe now consider themselves flexitarians, as they want to add to their diet rather than restrict it. As a result, sales of plant-based beverages will increase.

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Rising Awareness Pertaining to Health and Wellness among Consumers to Aid Growth

Concerns among consumers pertaining to food safety have skyrocketed. Recent incidents of food recalls and health hazards caused due to chemical additives used in food products have caused damage to consumer trust. However, manufacturers of the plant-based beverages are likely to gain against this backdrop. There is an evident rise in demand for foods and beverages derived from natural sources. In addition to this, economic uptick and increasing consumer spending on premium brands are aiding the expansion of the plant-based beverages market.

High Cost of Processing May Hinder Growth

On the downside, the cost incurred on processing plant-based beverages may hamper their sales average. Critics note that large investment in processing is particularly valid in case of plant-based dairy alternatives, because they often need oil, fats, and added nutrients in large quantities to replicate their taste of their animal-based counterparts. However, this limitation can be mitigated if manufacturers discover ways of limiting the resources and money spent on processing.

Who is Winning?

Some of the leading players operating in the plant-based beverages market are The Coca-Cola Company, The Hain Celestial Group, Inc., SunOpta Inc., PepsiCo, Inc., Dr Pepper Snapple Group, Inc., Del Monte Pacific Limited, Pacific Foods of Oregon, Inc., Döhler GmbH, Califia Farms LP, Good Karma Foods, Inc., The WhiteWave Foods Company, Ripple Foods, PBC, Koia, and Harmless Harvest Inc.

As a result of increasing competition, plant-based beverage manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

• For instance, The Hain Celestial Group, Inc. entered into an agreement with Rosetto Foods in 2017 to establish a joint venture. Through this, the company intended to expand its product portfolio.
• In 2018 The Coca-Cola Company acquired Unilever’s AdeS plant-based beverage business to expand its portfolio consisting of functional drinks.

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Market Segments Covered in Plant-based beverages Industry Analysis

By Source

• Dairy Alternatives
  • Almond Milk
  • Soy Milk
  • Coconut Milk
  • Rice Milk
  • Oats Milk
  • Seed Milk
  • Cashew Milk
  • Others
• RTD Drinks
  • Coffee
  • Tea
• Plant-Based Juices
  • Fruit
  • Vegetable

By Nature

• Organic
• Conventional

By Format

• Regular
• Flavored

By Packaging

• Glass Bottles
• Plastic Bottles & Pouches
• Carton Packaging
• Cans

 By Sales Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Independent Small Groceries
• Speciality Stores
• Online Retailers

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

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Key Questions Answered in the Report

• How much is the plant-based beverages market current worth?

Plant-based beverages market size is worth more than US$ 266,161.8 Mn.

• At what CAGR is the market expected to grow?

Plant-based beverages consumption is expected to grow at a CAGR of around 6.7% during the period 2022-2032

• How was the performance in the last five years?

In terms of revenue, plant-based beverages grew at a CAGR of around 5.2% during 2017-2021.

• What are the key trends boosting plant-based beverages sales?

Plant-based beverages are gaining traction due to the rising demand for non-dairy nutritious beverages in various parts of the world. Increasing demand for healthy ready-to-drink products along with plant-based juices are other factors for the growth of the market.

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

Market companies are choosing to aim at research and development, consolidation of distribution channels in emerging countries, new product introductions to stay a noticeable player in the global market.

• How much share do the top 20 companies hold?

The top 20 producers of plant-based beverages hold around 45-50% of the market share.

• Which are the major countries driving demand for the plant-based beverages market?

China, the US, India, Brazil, and Mexico are the major countries driving demand for plant-based beverages.

• At what level does the report reflect pricing analysis?

The report presents a detailed cost analysis of plant-based beverages based on source i.e. dairy alternatives, RTD drinks, and plant-based juices.

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 oats market is estimated at USD 6.1 Bn in 2022 and is projected to reach USD 10.8 Bn by 2032, at a CAGR of 5.9% from 2022 to 2032.

Globally, the market is estimated to create an absolute $ opportunity of about USD 4.7 Bn by 2032. The property of oats is to provide a complete meal without the requirement of any additional ingredient which makes it the most popular grain among the others. This factor can be attributed for the escalating growth of the oats market across different regions, mainly APAC.

The incorporation of oats in the food industry is mainly due to the increasing market penetration of breakfast cereal products. The abundance of nutrients, particularly the dietary fiber content of oats, accompanied with the rising health consciousness of people, is one of the key factors driving the global oats market. Apart from being a very healthy option for meals, oats contribute equally well for maintaining hair and skin health. The increasing consumption of convenience food and on-the-go food products also exhibits a positive impact on the oats market.

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The growing economy is expected to exhibit a substantial growth over the retail chains across the globe. This, in turn, facilitates the demand for oats and oat products. Due to the preference of cereal products, retail chains are coming up with innovative types of oats and oat-based products accompanied by captivating advertisements, thus evoking a sense of authenticity to buy their products. Leading brands are continuously gaining traction by launching premium range of oat products, creating a long-term growth opportunity all over the globe.

Moreover, the growing fast-paced lifestyle of people has led to the increasing demand for portable and conveniently packed food products, thus elevating the demand for ready-to-eat oat products. These factors have led to an increasing penetration of established players by ensuring a highly competitive market scenario for oats and oat products, and fortifying the overall growth of the oats market over the forecast period.

Growing Demand for Food, Globally

With the increasing rate of world population and healthier economic conditions, there will be more mouths to feed and more plates to fill. The changing trend of food and beverage consumption is likely to impact the transition of oats and oat-based products for the middle class, which, in turn, is expected to increase the demand for oats in the preparation of cereal products. Also, per capita expenditure on food and beverages by the global population has witnessed a significant increase over the years. The key reason behind this is increasing health consciousness among consumers, as oats are among the most preferred alternatives, not only for breakfast but also for snacks, due to the better appetite fullness promotion behavior of oats. This increasing per capita expenditure is also expected to support the growth of the oats market.

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Key Segments Covered

Global Oats Market – By Product Type

• Oat Groats
• Whole Oats
• Steel Cut Oats
• Rolled Oats
• Oats flour

Global Oats Market – By End Use

• Breakfast Cereals
• Bakery Products
• Snacks & Savories
• Others

Global Oats Market – By Distribution

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

Global Oats Market – By Region

• North America
• Mexico
• Latin America
• Germany
• U.K.
• Western Europe
• Eastern Europe
• Australia & New Zealand
• APAC
• MEA

Increasing Urbanization Across the Globe

Owing to employment prospects, the migration of working population to tier-1 cities is expected to witness a significant increase over the forecast period, causing a major rise in the urbanization trend across the globe. Moreover, the contribution of growing economies is also expected to bolster the demand for oats over the forecast period. This increasing urbanization supported by the rising economy is expected to contribute significantly towards driving the oats market.

Key Producers of Oats

Some of the major companies operating in the oats market space are Nestlé S.A., Quaker Oats Company, The Kellogg Company, General Mills, Inc., Pioneer Foods Ltd., The Hain Celestial Group, Inc., Marico Limited, B&G Foods, Inc., Post Holdings, Inc., Grain Millers, Inc., Bob’s Red Mill Natural Foods, Inc., Richardson International Limited, Bagrry’s India Ltd, Nature’s Path Foods, NOW Health Group, Inc., Helsinki Mills Ltd., Morning Foods Limited, Avena Foods Limited, Blue Lake Milling Pty Ltd. (CHB Group), and Unigrain Pty Ltd, among other oat manufacturers.

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Frequently Asked Questions

• How much is the current worth of the oats market?
• At what CAGR is the oats market expected to grow?
• How was the performance in the last few years?
• How are market players reacting to the new developments in the market?
• How much share does the top 10 companies hold?
• Which are the major countries driving demand for oats?
• At what level does the report reflect pricing analysis?

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

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Plot No: JLT-PH2-X2A

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The rising adoption of ready to eat food products with longer shelf life is increasing the space allotted to dehydrated vegetables across retail shelves. The advent of drying technologies has made it possible to manufacture dehydrated vegetables in less time while retaining the original nutrient value in vegetables. This has been fueling the demand in the dehydrated vegetables market.

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

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What is the Future Outlook for Dehydrated Vegetables Market in Comparison to Historical Pattern?

In past few years companies are motivated to produce dehydrated vegetables which have certain accreditations, claims, and labeling. The right product labeling goes a long way in cementing brand trust in the minds of consumers and the global clean label movement is one-way in which food and beverages (F&B) manufacturers can build this trust. Regulations across certain countries mandate clean label packaging with clear information on ingredients, sourcing, and processing methods to create more transparency across the food chain. Hence companies are focusing on building positive image about their products in the market.

• For instance, All Van Drunen Farms’ facilities are certified Kosher by the Orthodox Union, Organic approved by Quality Assurance International, HACCP compliant, GMP, FDA, and USDA compliant, and BRC Inspected as per GFSI
• Rosun Dehydration Pvt Ltd, a subsidiary of Rosun Groups, various certifications under its belt, i.e. HACCP, Kosher, USDA, Pro-Cert.

According to FMI, dehydrated vegetables market have grown at 4.8 % CAGR between 2016 and 2020.

The surplus demand for healthy food products among the consumers has been creating lucrative growth opportunities. In order to cater to the increasing demand for natural and healthy food ingredients, food manufacturers are emphasizing to include dehydrated vegetables in their product line.

Dehydrated vegetables retain 100% of the nutrition content of fresh vegetables while it only takes half of the space, which offers manufacturers with better convenience to transport food items from one place to another. Apart from convenience in transportation, dehydrated vegetables are rich in nutrients and dietary fiber content which have been helping the market gain traction.

FMI has forecast the market to exhibit 8.3% CAGR between 2021 and 2031 steered by increasing launches within the category.

What is the Scope for Dehydrated Vegetables in Processed Food Industry?

The challenging work environment in urban centers results in amplified work time, making it more difficult for customers to spend time at home for cooking food. Hectic lifestyle is compelling consumers to opt for packaged and ready-to-eat meals. Dehydrated vegetables help customers enjoy tasty foods that consume less time to prepare. Meanwhile dehydrated vegetables are available in a wide range of varieties, which has been presenting increasing choices to consumers.

Consumers are seeking out reasonably priced, convenient and tasty food products that will suit their fast-paced lifestyle, thus providing abundant growth opportunities for dehydrated vegetable products manufacturers.

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Market Segmentation

Product Type

• Carrot
• Onions
• Potatoes
• Broccoli
• Beans
• Peas
• Cabbage
• Mushrooms
• Tomatoes

Form

• Minced & Chopped
• Powder & Granules
• Flakes
• Slice & Cubes
• Others

Nature

• Organic
• Conventional

End Use

• Food Manufacturers
  • Snacks & Savory Products
  • Infant Foods
  • Soups
  • Salads, Dressings & Sauces
  • Others
• Food Service
• Retail

Drying Method

• Air Drying
• Spray Drying
• Freeze Drying
• Drum Drying
• Vacuum Drying
• Others

Distribution Channel

• Direct
• Indirect
  • Store Based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Traditional Grocery Retailers
  • Food & Drink Specialty Stores
  • Online Retail

Region

• North America
• Latin America
• Europe
• MEA
• East Asia
• South Asia
• Oceania
• India
• China
• Singapore

Some of the leading companies operating in dehydrated vegetables market are:

• Fresno Cooperative Raisin Growers Inc.,
• Olam International,
• Dole Food Company,
• Naturex S.A.,
• Symrise AG,
• Mercer Foods, LLC.
• Chengde Shenli Food Co., Ltd.,
• Vkc Nuts Private Limited,
• Viva Bella Orchards Inc.
• Kiantama,
• Sun-Maid Growers Of California,
• Sunshine Raisin Corporation,
• Traina Dried Vegetable Inc.,
• Lion Raisins Inc.,
• Jab Dried Fruit Products (Pty) Ltd
• Bergin Fruit Company Inc.
• Traina Dried Fruit Inc.,
• Greek Dried Fruits S.A.,
• Montagu Dried Fruit And Nuts (Pty) Ltd,
• Sun Valley Raisins Inc. A California Corporation,
• Raisin Champion International,
• Geobres Nemean Currants and Sultana Raisins S.A.,
• Ningxia Yuxiang Bio Food Engineering Co., Ltd.,
• Montagu Dried Vegetable And Nuts (Pty) Ltd,
• Chengde Shenli Food Co., Ltd.

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Key Questions Answered in the Report

Q1. Which is most lucrative market for dehydrated vegetables?

Q2. Which type of dehydrated vegetables used widely?

Q3. Which Drying Method is Widely Preferred for Dehydrated Vegetables?

Q4. Which are some of the leading companies offering dehydrated vegetables Market?

Q5. Which Industry Exhibits Highest Demand for Dehydrated Vegetables?

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About FMI

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

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Newly released data from Tortilla Market analysis by Future Market Insights shows that global consumption of Tortilla enjoyed a year-on-year (YoY) growth of 3.4% in 2022 to total sales of USD 26,394.9 Mn. 

The consumption of tortillas has increased rather significantly over the past decade. According to an analysis by Future Market Insights, the global Tortilla market is projected to be valued at US$ 37,018 Million by 2032 end, expanding at a CAGR of 3.4% during the forecast period 2022-2032. Despite an extremely slow moving annual growth rate, increased tortilla consumption is predicted in the coming years—mostly supported by population growth, especially among Hispanics, as well as a continuation in the trend of consumer tortilla consumption preferences.

Tortillas have successfully positioned itself in the Latin American market. With a revenue share of +48% in 2021, Latin America clearly dominated the global tortilla market, in terms of value sales, substantially driven by the rapidly growing Hispanic population in the United States. In countries like Mexico, more than 94% of the tortillas are processed or produced using corn as its main source.

Flour tortillas have a fairly high value share in the global tortillas market, compared to other variants such as tortilla chips, taco shells, tostadas, and corn tortillas. However, tortilla chips are expected to witness significant consumption in the coming years.

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Research also suggests that, due to increasing demand for Mexican cuisine such as such as tortillas, nachos, enchiladas, tacos, and tamales, especially in North America and Latin America, tortillas, in the on-the-go snacks format, have been gaining traction. Busy lifestyles, deteriorating health conditions, and increasingly urban working population are some factors contributing to the consumption increase of tortillas, as per convenience.

Moreover, an in-depth consumer sentiment analysis also indicates that more than 40% consumers buy tortilla products on a weekly basis and +50% consumers buy from modern trade stores like hypermarkets and supermarkets, owing to easy availability of the product at reasonable prices. Tortilla flour-based products, being one of the main Mexican foods, is gaining traction among its target customers throughout the foodservice industry.

Traditional Tortillas in New Convenient, Flavored Formats to Push Global Adoption

The global tortilla market has witnessed a surge a surge in the launch of new products containing innovative flavors over the last couple of years. Moreover, organic or gluten-free new products are being increasingly adopted in Americas, primarily attributable to the rising demand for the product, with added health benefits. The launch of these new flavored products is expected to have a positive impact on the market, thereby fueling the growth of global tortilla market during the forecast period.

Moreover, significant growth in organized retailing in the form of hypermarket and specialty markets, which are more likely to make savory snacks popular among the consumers, will significantly drive the adoption of tortillas in the coming years.

Key Food Manufacturers Adding New Features to Tortillas to Expand Consumer Base

In new food formulations, key food manufacturers including Cargill and AB Mauri are leveraging the significant growth in the consumption of tortillas and have come up with new features added to tortillas. Cargill has developed a number of whole grain, low-fat tortilla prototypes in an effort to capture a slice of the growing U.S. market for healthy bread alternatives.

With their new patent technology, AB Mauri has developed reduced-fat tortillas, paving way for manufacturers to attract growing base of health conscious consumers. The company’s new patented technology enables manufacturers to develop reduced fat, reduced sodium, wheat-based tortillas. Already widely adopted in American market, AB Mauri has been strategizing on implementing the same patented technology in the European markets as well.

Moreover, FDA approvals for folic acid fortification of corn masa flour, allowing manufacturers to add up to 0.7 milligram of folic acid per pound of corn masa flour, has opened up new opportunities for manufactures to explore new food formulations. Key food manufacturer Bunge, offers corn masa flours and a wide variety of shortenings to help create products that meets all consumer demands.

Market Segments Covered in Tortilla Industry Analysis

Product Type :

• Tostadas
• Taco Shells
• Corn Tortilla
• Flour Tortilla
• Tortilla Chips

Source :

• Corn
• Wheat

Processing Type :

• Fresh
• Frozen

Distribution Channel :

• Online
• Offline
• Supermarkets
• Convenience Stores
• Others

Region :

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

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Key Questions Answered in the Report

• How much is the Tortilla market current worth?

Currently Tortilla market is worth more than US$ 26,394.9 Mn (2021).

• At what CAGR is the market expected to grow?

Tortilla consumption is expected to grow at a CAGR of around 3.4% during the period 2021-2031.

• How was the performance in the last five years?

In terms of revenue, Tortilla grew at a CAGR of around 2.3% during 2016-2020.

• What are the key trends boosting Tortilla sales?

The growing awareness of health consciousness among customers in the global market has propelled the industry’s expansion in the worldwide market. The utilisation of tortillas in the wrappers is another element driving this market’s global expansion.

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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