Fluoroantimonic Acid Market to grow at a CAGR of 1.8% to be valued at US$ 488 Mn from 2022 to 2032

Fluoroantimonic acid is an inorganic superacid with the chemical formula H2FSbF6. It is an inorganic acid and composed of bonded atoms of fluorine (F) and antimony (Sb) with hydrogen (H). Fluoroantimonic acid is 2 × 1019 times stronger than 100% H2SO4. The Fluoroantimonic acid is known to be the strongest superacid in the world. Fluoroantimonic Acid is used in the hydrocarbon cracking process to react with the hydrocarbons from oil, which is used to raise the octane levels of gasoline. Fluoroantimonic acid is also an excellent medium for the preparation of alkylideneoxonium salts.

Furthermore, the fluoroantimonic acid is available in three types in the market such as, Fluoroantimonic Acid Hexahydrate, Hexafluoroantimonic Acid and Deuterofluoroantimonic Acid. In term of physical properties, the fluoroantimonic acid is available in two forms including, liquid, which is colorless and in solid form, which is white in color.

However, being a superacid, being highly concentrated, fluoroantimonic acid can be regarded as a highly hazardous chemical owing to which the manufacturing and supply of fluoroantimonic acid is done under precision and requires government approvals and regulations.

Fluoroantimonic Acid Market: Dynamics:

Globally, the demand for fluoroantimonic acid is expected to increase during the forecast period, owing to demand from the industry. The increasing downstream activities are projected to lay a strong base for the growth of global fluoroantimonic acid market. Furthermore, with the growing urbanization and industrialization the demand for energy is growing at a significant rate. Also, the dependency upon the conventional energy sources such as, oil & gas expected to remain constant in the forthcoming years. This is projected to increase the downstream activities such as, hydrogen cracking and boost the demand for fluoroantimonic acid at a prominent rate over the forecast period.

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However, fluoroantimonic acid is the strongest acid, which makes its manufacturing and distribution more difficult and also require special safety equipment. Also, the government regulations regarding the safety measures during the use and transportation of fluoroantimonic acid is expected to hamper the growth of the market over the forecast period.

Fluoroantimonic Acid Market: Regional Outlook:

Asia Pacific is projected to be the most lucrative market for the fluoroantimonic acid, owing to significant demand from the chemical industry in the region. Countries such as, China, India, South Korea expected to generate majority share of Fluoroantimonic Acid demand in the region. The shift of chemical manufacturers to India from China market expected to create new growth opportunities for India in the regional market. Additionally, growing downstream activities in China estimated to be on the prominent factor supporting the growth of fluoroantimonic acid market in the region.

Furthermore, North America expected to have significant growth in the fluoroantimonic acid market, due to growing shale oil production in the region. Growing shale oil production expected to drive the downstream activities creating demand for fluoroantimonic acid in the market. Stringent government regulations regarding workers safety and hazardous chemicals in Europe, the market of fluoroantimonic acid is anticipated to have uptick growth in the region. Additionally, Latin America and Middle East & Africa are estimated to register promising growth in the fluoroantimonic acid market.

Fluoroantimonic Acid Market: Market Participants:

Some of the market participants in the global fluoroantimonic acid market are:

  • Merck KGaA
  • VWR International, LLC.
  • City Chemical LLC
  • American Elements
  • Advance Research Chemicals, Inc.
  • GRR Fine Chem
  • Haihang Industry Co.,Ltd
  • FINETECH INDUSTRY LIMITED
  • Carbosynth
  • Alfa Chemistry
  • Chemwill Asia Co., Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Fluoroantimonic Acid Market: Segmentation:

Fluoroantimonic acid market can be segmented into product type, form, and region.

On the basis of product type, global fluoroantimonic acid market is segmented into:

  • Fluoroantimonic Acid Hexahydrate
  • Hexafluoroantimonic Acid
  • Deuterofluoroantimonic Acid

On the basis of form, global fluoroantimonic acid market is segmented into:

  • Liquid
  • Solid

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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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Clean Label Pectin Market Is Thriving With Rising Latest Trends 2031

Clean label pectin is used as a primary ingredient in various food applications such as jams, jellies, sauces, fruits spreads, chews, bakery fillings, juices, toppings, sugar confectionery, fermented dairy products, and plant based products. Driven by the increasing application as stabilizer, the clean label pectin market is forecast to rise at nearly 7% CAGR between 2021 and 2031. Future Market Insights (FMI) presents a positive outlook for the market in its study as focus on healthy eating continues to rise around the world.

Consumers in general have become more curious about the source of the raw material and production methods used for processing various food products. A few of the production methods are observed as less ‘natural’ while some food ingredients are considered as ‘unhealthy’ and ‘unfamiliar’.

The ‘clean label’ trend is expected to have considerable influence on the food industry especially since consumers have become more interested in ingredients used in their food. There is clear inclination for more ‘natural’ methods of production using ingredients derived from organic or natural sources. According to FMI, citrus fruits are highly sought-after sources of clean label pectin. In fact, citrus fruits made for over 43% of clean label pectin produced in 2020.

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Key Takeaways from Clean Label Pectin Market Report

  • Clean label pectin market will exhibit 5.8% y-o-y growth in 2021, registering 0.3% improvement than growth recorded last year
  • Increasing focus on healthy eating seals America’s dominance. The U.S. to account for a little below 85% of sales recorded in North America
  • U.K. emerges as a key market within Europe, exhibiting over 8% y-o-y growth in 2021
  • Rising focus on health and wellness to continue driving sales in Germany and France
  • While China will continue dominating sales in East Asia, both Japan and South Korea are forecast to register higher rate of growth

“Consumers are likelier to check ingredients list on a food product to ascertain if it is sustainable and environment-friendly. Smaller manufacturers see this as a lucrative opportunity to establish their brand presence in a highly competitive landscape.  With focus on end-to-end clarity rising, more companies are jumping into the clean-label bandwagon, irrespective of their size. Spurred by this, clean label pectin producers will gain from increasing application within the food industry,” said a lead analyst at FMI.

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Demand from Pharmaceutical Industry Poised to Surge

Clean label pectin market is anticipated to register increasing demand from the pharmaceutical industry. Gelling property of clean label pectin has been increasing its use in making gel beads, film coated dosage, and matrix tablets. Clean label pectin is mainly used for medicine for diarrhea, throat lozenges and constipation. It also is used in nutritional and health products which help in weight loss, strengthens skin and hair, enhance iron absorption, and improve heart health.

Increasing Demand for Organic and Clean Label Food Will Accelerate Sales

Consumers are shifting towards healthy, high vitamin, nutrient rich food and avoiding foods with artificial flavour, colour, GMO levels and preservatives. Increasing health awareness and high demand for low sugar fruit products will drive the clean label pectin market. Consumer inclination toward natural and organic food is persistent rising due to rising health consciousness and it is accelerating the growth of clean label pectin. Due to rising demand for organic and clean label products, key players of clean label pectin market are focusing on launching unique clean label pectin products in the market.

For instance,

  • In 2020 CP Kelco introduced GENU Pectin YM-FP-2100, a clean label ingredient that provides a medium-to-high viscosity in the fruit drinking yogurt and with ease of pump ability at the fruit prep stage.
  • In 2018, DuPont Nutrition & Health launched and developed GRINDSTED Pectin PRIME 541, product which allow food producer to make new tempting reduced-sugar fruit spread and without processing hurdles.

Who is Winning?

Some of the key players operating in the clean label pectin market are CP Kelco, Cargill, Inc, Herbstreith & Fox, Royal DSM, DuPont Nutrition & Health, Brenntag North America, Inc., Silvateam Food Ingredients, Lucid Colloids Ltd. and many more. In order to gain competitive advantage, market players have been focusing on expansion via merger and acquisition strategies. Besides this, product launches are undertaken to strengthen their footprint.

For instance,

  • In 2020 Herbstreith & Fox (H&F Group), a producer of pectin base in Germany acquired pectin buisness from Givaudan SA (Switzerland) part of the Naturex portfolio.
  • In 2018, Brenntag North America Inc. entered into partnership with Silvateam for the extensive distribution of pectin in the Canada and United States.
  • In 2019, CP Kelco launched a new product line, NUTRAVA citrus fiber it is a clean label ingredient which is derived from peels of citrus fruits.

Get Valuable Insights into Clean Label Pectin Market

By Product type

  • High methoxyl
  • Low methoxyl
    • Amidated (LMA)
    • Non-amidated

By source

  • Citrus food
    • Orange
    • Lemon & lime
    • Tangrient and mandarins
    • Grapefruit
  • Apple
  • Pear
  • Plum
  • Banana
  • Others (Berries)

By end use application

  • Fermented Plant based products
  • Fermented dairy products, including yoghurt
  • Jams
  • Jellies
  • Chews
  • Fruit Spreads
  • Sugar Confectionary
  • Fruit roll ups
  • Fruit Preparations
  • Bakery Fillings
  • Glazes
  • Sauces
  • Toppings
  • Ripples
  • Compotes
  • Juices
  • Reduced- Sugar beverages

By Region

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

Frequently Asked Questions

  • Which Is the Leading Market for Clean Label Pectin?
  • Which is the most preferred product type of clean label pectin?
  • Which are the key companies producing clean label pectin?
  • Which is the leading application of clean label pectin?

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Citrus Yogurt Market 2022 is Booming Worldwide in terms of Share, Growth Size, Key Segments and Forecast to 2030

The sales of functional, probiotic foods, and beverages in recent years have risen substantially owing to higher prevalence of health awareness among consumers. Changing dietary behaviors and the increasing popularity of ready-to-eat foods have been fuelling the demand for citrus yogurt, finds Future Market Insights (FMI) in a new study.

Citrus yogurt manufacturers are increasingly leveraging the potential of their offerings as potential alternatives to ice creams and food spreads, while also focusing on strategies towards product launches and geographical expansion.

According to the U.S. Dairy Export Council, the global fermented beverage and drinkable yogurt sales have grown with a 12% CAGR since 2015. In a recent market study, Future Market Insights (FMI) has stated that the global citrus yogurt market surpassed US$ 1.9 Bn in 2020.

As per the Food and Agriculture Organization of the United Nations, 6 billion people globally consume milk and milk products. However, the vast base of lactose intolerant consumers will generate long term opportunities for non-dairy citrus yogurt products for years to come.

Key Takeaways

  • Dairy-based citrus yogurt is estimated to hold major market share. However, plant-based alternatives are estimated to display a stronger growth rate through 2028.
  • Sales through hypermarket/supermarket channels will remain dominant, owing to sophisticated and robust supply chains.
  • Conventional formulations will hold the lead over organic options, accounting for close to 90% through the forecast period.
  • Asia Pacific excluding Japan is a dominant regional market, which is projected to grow to more than 38% of the overall market share by 2028.

“In a fairly fragmented citrus yogurt market, companies are adopting diverse strategies to carve a niche. While product launches remain key focus, some of the market players are focusing efforts toward expansion to strengthen their foothold. To woo consumers there is immense focus on launching additive free products, which will bode well for the market in the coming years,” said a lead analyst at FMI.

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COVID-19 Impact Analysis

The COVID-19 pandemic has resulted in significant changes in the food preferences of consumers around the world. Concerns over health, immunity, and transmission of the virus have bolstered the demand for health foods including probiotic products such as flavored yogurt.

The availability of high-protein product offerings in the sector is a major factor that is likely to drive demand in the short term. Also, plant based variants of citrus yogurts are expected to gain traction through the crisis.

Also, higher demand for RTE foods and, changes in consumer spending habits aimed towards essentials including food and beverage purchases will positively influence the growth of the citrus yogurt sector in the short term.

Who is Winning?

The citrus yogurt market is fairly fragmented and characterized by the presence of small and mid-scale manufacturers. Leading market players are effectively widening product portfolios for long term growth with a focus on natural and clean label ingredients.

Some of the leading players in the citrus yogurt market include General Mills Inc., Kite Hill, Danone S.A., Forager Project LLC, The Hain Celestial Group Inc., Chobani LLC, Nestle S.A., and Daiya Foods Inc. among others.

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More Valuable Insights on Citrus Yogurt Market

Product Type

  • Dairy
  • Non-Dairy

Form

  • Drinkable
  • Spoonable

Nature

  • Organic
  • Conventional

Distribution Channel

  • Food Service (HoReCa)
  • Hypermarket/Supermarket
  • Convenience Store
  • Food & Drink Specialty Stores
  • Online Retail
  • Others

Region

  • North America (U.S. & Canada)
  • Latin America (Mexico, Brazil, Argentina & Rest of LATAM)
  • Europe (EU-4, U.K., Russia, Benelux, Poland and Rest of Europe)
  • Japan
  • Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, and New Zealand,)
  • Middle East & Africa (GCC countries, South Africa, and Rest of MEA)

Frequently Asked Questions

  • How will the citrus yogurt market expand through 2028?
  • Which region exhibits high demand for citrus yogurt?
  • How is COVID-19 impacting the citrus yogurt growth projections?
  • Which are some of the prominent market players?

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About Future Market Insights (FMI)

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

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Vegan Supplements Market 2028 Research Covers, Future Trends and Opportunities, Past, Present Data, and Deep Analysis by Future Market Insights, Inc.

A recent study by Future Market Insights (FMI) opines global vegan supplements market is set to growth at 10.9% CAGR between 2020 and 2028, supported by a growing base of vegan and vegetarian consumers. The rise of the conscientious consumer has led to new opportunities for vegan supplement market players.

Plant-based diets reduce the risks of cancers, coronary disease, diabetes and other lifestyle-based ailments. Also, efforts towards sustainable food production management and ethical consideration in terms of sourcing animal-based ingredients are likely to bolster demand for plant-based product offerings.

As governments set up favorable policies towards plant-based diets, FMI opines bullish prospects for the vegan supplements market.

Key Takeaways

  • Surge in demand for botanical ingredient sources owing to clean label trends
  • Online retail distribution channels to gain traction as people look to minimize risks
  • Demand for vegan supplements in capsule form continues to grow
  • Europe maintains its position as the most lucrative market globally

“Varied advantages associated with vegan supplements including lower toxicity, superior bioavailability, and natural smell & flavor is expected to bolster the vegan supplements market through the forecast period,” says an FMI analyst.

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COVID-19 Impact Analysis

Sales of vegan supplements through online channels has picked up since early 2020, following the outbreak of the coronavirus outbreak. On the other hand, sales from brick-and-mortar outlets have witnessed a moderate drop. OTC offerings are expected to witness higher demand with higher levels of health consciousness driving the demand for immunity-boosting offerings.

This trend is also contributing to increasing adoption of plant-based diets, which will contribute to long term growth in the post pandemic era. Revenue from the vegan supplements market is expected to continue growing as lockdown restrictions are eased, with growing sales coming out of sports nutrition applications.

Who is Winning?

The vegan supplements market is largely competitive and fragmented. Key market players are increasingly focused on product development and launch strategies aimed towards bolstering product portfolios and geographical expansion.

Market leaders include General Mills Inc., Garden of Life, Danone S.A., PepsiCo Inc., Blue Diamond Growers Inc., ALOHA, NuGo Nutrition, One Brands, BHU Foods, and G&G Foods among others.

FitLivings in December 2020 introduced its Okinawa Flat Belly Tonic, which is a non-GMO, vegan friendly, powder-based supplement for consumers in the United States.

HealthyCell a leading dietary supplement company has entered into a partnership with KeHE for the distribution of its Vegan Essentials range of products, which comprises a proprietary gel delivery system.

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More Valuable Insights on Vegan Supplements Market

Product Type

  • Powder
  • Liquid
  • Capsules
  • Bars
  • Others

Ingredients

  • Vitamins & Minerals
  • Amino Acids
  • Botanical Supplements
  • Others

Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Drug Stores & Pharmacies
  • Health & Wellness Stores
  • Online Retailing
  • Others

Region

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

Frequently Asked Questions

  • How will the vegan supplements market rise through 2028?
  • Which is the largest vegan supplements market?
  • How is COVID-19 impacting the vegan supplements growth projections?
  • Which are the prominent vegan supplements market players?

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About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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Vegan Marshmallows Market Analysis by Size, Rising Demand, Business Growth Factors and Revenue Strategies From 2028

The vegan food industry has witnessed spectacular gains in the past few years, owing to increasing realization amongst consumers about the perceived ill-effects on human health as a result of excessive animal based food products. The popularity of plant-based confectionery is an interesting trend in this regard. Bouyed by these factors, Future Market Insights (FMI), in its recently published study, opines that global vegan marshmallows market will grow at over 8% through 2028.

The Vegan Society estimates that demand for plant-based meat alternatives surged by nearly 1000% across the U.K in 2017, while 62% of the population purchased plant-based milk in 2020. Such trends are generating credible expansion possibilities for prominent vegan marshmallow manufacturers.

The surging demand is also attributed to increasing preference for clean label and GMO free foodstuffs. High preference for halal and kosher food items is prompting confectionery giants to offer vegan alternatives.

Key Takeaways

  • Global vegan marshmallows market to exhibit value CAGR exceeding 8% through 2028
  • Premium vegan marshmallows to generate over half of the revenue share by 2020-end
  • Vanilla and peppermint top-selling flavors
  • Health & wellness stores to register remarkable growth, expanding at a staggering 10.4% CAGR across the forecast period
  • North America to remain the dominant vegan marshmallows market, surpassing US$ 100 Mn by 2020-end

“Increasing demand for clean-label certifications, including halal and kosher, across prominent regions is motivating vegan food manufacturers to introduce plant-based marshmallows with unique flavor combinations, positively driving market growth,” says the FMI analyst.

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COVID-19 Impact Analysis

The novel coronavirus pandemic has ushered in a sea change in consumers’ dietary preferences, with sales of plant-based and vegan foodstuffs spiking across all continents. Growing apprehensions about possible infection contraction through zoonotic channels have compelled consumers to abandon meat consumption and choosing safer alternatives.

This precautionary behavior has also penetrated the marshmallows market, with prominent manufacturers augmenting production of different flavored vegan marshmallows. According to a Veganuary survey, 32% of participants revealed that they were consuming more vegan foods across the UK, US, Latin America and Germany since the pandemic’s outbreak.

Hence, the prospects for vegan marshmallows has been broadening since the past several months. The market is expected to further aggrandize in the upcoming forecast period, with consumers expected to rely largely on clean-label and naturally derived foods way after the pandemic has subsided.

Competitive Landscape

The global vegan marshmallows market is characterized by the presence of various prominent vegan product manufacturers who are effectively leveraging the prevailing clean-label products consumption trends to flood regional markets with innovative flavor combinations.

Some leading players profiled in FMI’s vegan marshmallows market research report include Freedom Confectionery, Chicago Vegan Foods, Mr. Mallo Group, The Naked Marshmallow Co., Ananda Foods Ltd. & The Marshmallowist among others.

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More Insights on FMI’s Vegan Marshmallows Report

Ingredient

  • Vanilla
  • Pumpkin
  • Peppermint
  • Chocolate
  • Others

Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Store
  • Drug Stores & Pharmacies
  • Health & Wellness Stores
  • Online Retailing
  • Other Retailers

Pricing

  • Economic
  • Premium

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
  • Europe (EU-4, U.K, BENELUX, Russia, Poland & Rest of Europe)
  • APEJ (China, India, ASEAN, Australia & New Zealand, South Korea & Rest of APEJ)
  • Japan
  • Middle East & Africa (GCC, South Africa & Rest of MEA)

Frequently Asked Questions

  • How will the global vegan marshmallows market expand until 2028?
  • Which is the largest market for vegan marshmallows?
  • How is COVID-19 impacting the vegan marshmallows market growth?
  • Which are the prominent players operating in the 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 Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Vegan Protein Bars Market Trends and Opportunities Report by Forecast to 2028

According to a new study by Future Market Insights (FMI), the vegan protein bars market will surge at 12% CAGR between 2020 and 2028. Rising focus on health and wellness, soaring environmental concerns, and increasing awareness regarding animal cruelty have been fuelling the demand for vegan products worldwide. This is in turn is driving the vegan protein bars market, finds FMI.

Vegan protein bars are nutritional bars created through plant based sources like hemp, soybeans, legumes, grains, vegetables, nuts and seeds. These bars are enhanced with fibers that help in ensuring better digestion, absorption, reduction in gas and bloating and contribute towards improved motility.

Increasing awareness regarding the benefits of veganism and plant based diets is fuelling the  demand for vegan protein bars. Growing fitness trends have been creating lucrative prospects for food items with gluten free, sugar free, anti-allergic, and low carb properties.

According to the International Health, Racquet & Sportsclub Association (IHRSA), 2019 marked impressive returns for the fitness industry. An IHRSA report found that the revenue of the global industry totaled US$94 Bn in 2019.

With an increasing number of people focusing on maintaining a healthy lifestyle and adopting various fitness regimes the demand for vegan protein bars is expected to soar.

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Key Takeaways from the Vegan Protein Bars Market Report

  • The vegan protein bars market is expected to reach a value of US$ 883.4 Mn in 2020 and is expected to continue growing at a positive CAGR through the forecast period
  • Europe is expected to offer lucrative growth opportunities due to rising flexitarian population in the region
  • Nuts based vegan protein bars sales are likely to surge due to increasing demand from people for anti-oxidants and fibers in the bars
  • Inconsistent prices of raw materials and wavering supply act as major limitations to market growth

“Veganism is growing in popularity around the world and this in turn is creating lucrative prospects for the growth of the market. According to Google Trends, the online popularity of veganism has nearly doubled itself in the last five years. The trend is likely to continue, creating lucrative prospects for the vegan protein bars market,” said an analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various sectors including the vegan protein bars market. Transport restrictions have created obstacles for sourcing raw materials. Production as well was hampered during lockdown imposed to curb the spread of the virus. Players are expected to experience a downward trend due to the lack of demand and supply.

The market is expected to bounce back gradually from 2021 onwards. Increasing caution regarding health and fitness is expected to fuel demand in the market.

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Who Is Winning?

Companies operating in the market are focusing on product launches. They are emphasizing on improving the taste, texture, and nutritional values of vegan protein bars.

For instance, in June 2020, Nestle introduced a new variety of YES! Snack bars created from nuts and peas. Recently launched Larabar vegan protein bars also have gained immense popularity globally due to their less but healthy ingredient list, according to Women’s Health magazine.

Some of the companies are focusing on mergers and acquisitions as their key strategies to gain competitive advantage.

  • For instance, one of the leading names in the market – Hershey has recently acquired ONE Brands to expand its existing protein bars product portfolio.
  • Earlier In 2017, the venture capital unit of General Mills invested in D’s Naturals, a manufacturer of low-sugar, vegan No Cow protein bars.

Some of the key players active in the market are PepsiCo Inc., BHU Foods, General Mills Inc., Danone, Garden of Life LLC, Clif Bar and Company, Health Warrior, Raw Rev, Simply Protein, Gomacro, PROBAR LLC, NuGo Nutrition and ALOHA.

Valuable Insights into The Vegan Protein Bars Market Report

In its latest report, Future Market Insights (FMI) has presented a detailed analysis on the vegan protein bars market along with an assessment for the years 2020-2028. In order to provide a comprehensive analysis, the market has been divided into several segments. Based on the nature, the market is divided into organic and conventional. The conventional segment displays major shares in the market. On the basis of ingredients, the market is segregated into soy, pea, nuts and others.

The market is segmented based on the distribution channel into hypermarkets/supermarkets, convenience stores, drug stores & pharmacies, health & wellness stores, online retailing and other retailers. On the basis of geography, the market is segregated into North America, Latin America, Europe, Japan, APEJ and Middle East & Africa.

Frequently Asked Questions

  • How Big is the Vegan Protein Bars Market?
  • What is the North America Vegan Protein Bars Market Outlook?
  • At What Rate will Vegan Protein Bars Demand Grow in Europe?
  • What Are the Key Trends Shaping the Vegan Protein Bars Market?
  • What share of Vegan Protein Bars Demand comes from China?

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About Future Market Insights (FMI)

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

Contact: 

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T: +1-845-579-5705

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Plant-based Cheese Market Expansion to be Persistent 2022-2032| Future Market Insights, Inc.

The sales of Plant Based Cheese Market is estimated to be valued at US$ 1,530.2 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 3,416.6 Mn by 2032, rising at a CAGR of 8.4% for 2022-32.

Plant-based cheese has a range of health benefits such as lower blood glucose levels, increased insulin tolerance, and a lower risk of type 2 diabetes, to name a few. Additionally, for those who are sensitive to dairy products, plant-based cheese is highly suggested.

Factors such as the rise in acceptability of allergen-free and plant-based meals can be linked to the fast growing market for plant-based cheese over the last few years. Veganism’s societal acceptability has roughly doubled in the last five years, reaching an all-time high. Veganism is gaining popularity, especially when celebrities endorse the practice.

The growth of the plant-based cheese market has been fuelled by an added focus on eco-friendly products. The dairy farm accounts for more than 92 % of the greenhouse gas emissions associated with cheese production. Plant-based cheese is far more eco-friendly, which is why it is becoming increasingly popular.

North America presently controls the majority of the global plant-based cheese market. North America’s progress is being aided by an increase in the number of people in the region embracing a vegan diet, as well as a rise in environmental awareness. EMEA is the second-largest market for plant-based cheese across the globe, with excellent development possibilities in the next years.  In Europe, the growing vegan community is contributing to the growth of the plant-based cheese sector.

Oat milk is an excellent choice for making plant-based cheese because of its numerous nutritional benefits. Oat milk is high in vitamin B and beneficial to bone health. It also provides several health benefits. It is ideal for people with food sensitivity, lactose sensitivity, and other food sensitivities because it is lactose and gluten free.

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Key Takeaways from Market Study

  • The plant based cheese market is expected to expand at CAGRs of 31.4% and 26.8% in Europe and America, through 2032.
  • Market share of oat milk increased by 19% to reach USD 277 Mn in 2021.
  • The North American plant based cheese market is currently pegged at USD 580 Mn.
  • Growing consumer demand for healthy and nutritious foods, as well as rising vegetarianism, are propelling sales of plant-based cheese across the globe.
  • The outbreak of COVID-19 has had a good impact on the popularity of vegan cheese. For a variety of reasons, including supply shortages amongst traditional meat and dairy products and health concerns, consumers are increasingly turning to plant-based substitutes.

 “Producers of plant-based cheese could generate revenue if they focus on the non-dairy market. The vegan-based ingredients sector could be a prospective market for plant-based cheese, which is expanding in popularity around the world.” says a Future Market Insights analyst.

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Competitive Landscape

Key players in the plant-based cheese market are emphasizing their efforts on research and development in order to improve the quality of their products.

Daiya Foods Inc. introduced a new service platform in October 2021, with the goal of assisting operators in meeting rising consumer requirements for plant-based foods. This new portal intends to increase the company’s presence on university campuses, eateries, and healthcare facilities.

Following the debut of the firm’s Flora brand in 2020, Violife Cheese, manufactured by Upfield Holdings B.V entered the Middle Eastern market in July 2021. The product is available in the United Arab Emirates, Saudi Arabia, Doha, Oman, and Bahrain.

Segments Covered in Plant Based Cheese Market Analysis

Source:

  • Oat Milk source
  • Rice Milk Source
  • Corn Milk Source
  • Soy-Milk Source
  • Pea Milk Source
  • Almond Milk Source
  • Coconut Milk Source
  • Cashew Milk Source
  • Flax Milk Source
  • Hemp Milk Source
  • Other Milk Source

Distribution Channel:

  • B2B
    • Hotels
    • Restaurants
    • Cafes
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

Region:

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

Frequently Asked Questions

  • How much is the current worth of plant based cheese market?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the demand outlook forecast for the plant based cheese market?
  • Who are the top 5 players operating in the market?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for plant based cheese?
  • What outlook does Europe provide?
  • At what rate will the U.S. plant based cheese market grow?

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About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Plant-based Tuna Market Analysis By Supply And Consumption Demand Analysis To 2030

The global plant-based tuna market is expected to exhibit a CAGR of  17.9% between 2020 and 2030, finds Future Market Insights (FMI) in a new study.  The awareness regarding health and wellness is growing because of which consumers are preferring food derived from natural and healthy sources.

Plant-based foods are nutrient-rich and have no added taste or chemicals, which helps in controlling level of body weight, cholesterol, and blood pressure and help prevent diseases such as cardiovascular diseases and obesity. Consumption of plant-based food products is increasing because the cognizance of health benefits associated with them. Increasing consumption of plant-based food products is in turn creating growth opportunities for the plant-based tuna market.

As a result of the unprecedented spread of COVID-19, the consumption of animal based products has significantly reduced. Consumers are preferring plant-based products over animal based products also because of rumors associating the virus’s spread with meat consumption. This has been fuelling the demand for alternative meat products, which is expected to increase the demand for plant-based tuna products.

FMI’s report on the market for plant-based tuna provides a comprehensive overview of the plant-based tuna market. It covers prevalent trends, growth drivers, opportunities, and potential restraints. The outcome of various strategies implemented by the key participants is studied in detail in the report.

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It includes in-depth insights into the plant-based tuna market. Some of these are:

  • Soy has emerged as the preferred source in the market and the trend is likely to continue over the forecast period
  • Europe has emerged as the leading market for plant-based tuna, however, growth witnessed in Asia Pacific is likely to be at a higher pace
  • While food service sector continues to remain highly preferred sales channel, sales via retail sector is expected to surge at a higher pace
  • The demand for frozen plant-based tuna is expected to surge at a higher pace in comparison to other formats available in the market

“Driven by changing consumer preferences some of the leading names in the food service sector are including plant-based tuna in their menu. Besides this, collaboration between various producers and food franchises is underway, which is likely to give impetus to the global market,” says FMI analyst.

Demand to Increase with Rising Flexitarian Population

Consumers worldwide have become more interested in plant-based foods, including plant-based tuna. Growing prevalence of obesity and related diseases are making consumers more conscious about their health. As a result of this preference for food and beverage items that are natural and low in fat and calories is increasing. The plant-based food sector is rising due to this factor.

The rise in flexitarians is attributable for plant-based tuna’s popularity. Many consumers consider flexitarianism as an achievable dietary shift. This has been creating growth prospects for the plant-based tuna market.

The flexitarian diet trend is significantly increasing due to which key manufacturers of plant-based tuna are focusing on strengthening their distribution channel across the world.

For Instance- In March 2020, Good Catch raised US$ 32 funds from Lightlife parent company Greenleaf Foods and General Mills venture arm 301 Inc. The company raised funds to expand distribution channels in Europe, Asia Pacific, and North America.

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Who is Winning?

Some of the key players operating in the plant-based tuna market are Nestlé S.A., Good Catch, Ocean Hugger Foods, Sophie’s Kitchen, New Wave Foods, Gardein, Beyond Meat, Prime Roots, BlueNalu, Avant Meats, Atlantic Natural Foods, and others.

The key players of plant-based tuna are investing in research and development to produce high-quality products. Consequently, a slew of launches are recorded in the market, which is aiding its overall expansion. For instance:

  • In November 2018, Atlantic Natural Foods launched a plant-based tuna alternative, which is named Tuno. Tuno is made with a wide range of plant based ingredients.
  • In August 2020, Nestle SA, one of the world’s largest food companies, has launched Plant-based Tuna, which contains six plant-based ingredients, with pea protein being the key component. It has also added ‘faux tuna’ to its portfolio of plant-proteins.

Get Valuable Insights into Plant-Based Tuna Market

Key Segments

Format

  • Refrigerated
  • Frozen
  • Others

Source

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

Distribution Channel

  • Retail
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Food Stores
  • Online Retail
  • HoReCa (Food Service Sector)

Regional Outlook

  • North America – U.S., Canada
  • Latin America – Mexico, Brazil, Rest of Latin America
  • Europe – EU-4, U.K., BENELUX, Nordics, Russia, Poland Rest of Europe
  • Middle East and Africa – GCC Countries, Turkey, Northern Africa,South Africa, Rest of MEA
  • East Asia – China, Japan, South Korea
  • South Asia – India, Thailand, Malaysia, Indonesia, Singapore, Rest of South
  • Oceania – Australia, New Zealand
  • Frequently Asked Questions
    • At what rate the plant-based tuna market is forecast to grow?
    • Which is the largest market for plant-based tuna?
    • Which are the top companies in the plant-based tuna market?
    • What is the outlook on the plant-based tuna market?
    • What are the key challenges witnessed in the plant-based tuna market?
    • Which is the most lucrative segment in terms of source in the plant-based tuna market?
    • What are key trends driving the plant-based tuna market?

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Frequently Asked Questions

  • At what rate the plant-based tuna market is forecast to grow?
  • Which is the largest market for plant-based tuna?
  • Which are the top companies in the plant-based tuna market?
  • What is the outlook on the plant-based tuna market?
  • What are the key challenges witnessed in the plant-based tuna market?
  • Which is the most lucrative segment in terms of source in the plant-based tuna market?
  • What are key trends driving the plant-based tuna 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 Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Freeze Dried Fruits Market Competitive Landscape Analysis, Growth Factors, Regional Developments and Forecasts 2032

Newly released data from Freeze-Dried Fruits market analysis by Future Market Insights displays that the global consumption of freeze-dried fruits enjoyed a year-on-year (YOY) growth of 5% in 2022 to total revenue of USD 7.5 Bn and will clock an estimated revenue of USD 15 Bn in 2032, exhibiting a ~7% CAGR during the assessment period.

Freeze Dried Fruits Market Size Value in 2021 USD ~7.5 Mn
Freeze Dried Fruits Market Forecast Value in 2032 USD ~15 Mn
Global Growth Rate (2022 to 2032) ~5% CAGR
Forecast Period 2022-2032

Food products continue to remain an essential commodity since the outbreak of the pandemic. According to FMI, the food and beverages in all will register above 3% CAGR in the forecast period. With consumers’ preferences changed, the demand for cost-effective yet healthy and sustainable food solutions is surging, hence, pushing sales of freeze-dried fruits and vegetables in the near future.

Various types of freeze-dried products such as freeze-dried blackberry, freeze-dried raspberry, freeze-dried pineapple, freeze-dried strawberries, freeze-dried cranberry, and others are increasingly used in confectionery, smoothies, juices, ice creams, bakeries, and other ready to eat food products.

A key factor driving the market is the prolonged shelf-life of freeze-dried fruits without any synthetic ingredients or preservatives. The rising number of confectionaries has been fuelling the demand for dehydrated forms of food like freeze-dried fruits due to their long shelf lives and diverse array of applications in healthy diets.

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Key Takeaways from the Market Report

  • Increasing awareness about numerous health benefits of nutritional, natural, and low carb diet, is boosting the demand for freeze-dried fruits and vegetables.
  • Conventional freeze-dried fruits are presently leading in the market in terms of nature as they are more enriched with natural flavor, color, and nutrient values.
  • Among products available in the market, whole freeze-dried fruits and vegetables are highly favored over dried or granulated.
  • The enhancing packaging industry along with the improving lifestyle of consumers is boosting the freeze-dried fruits industry share.
  • The European region will account for the majority share in the freeze-dried fruits market and is projected to grow at a CAGR of over 7.5% over the forecast period due to the presence of major manufacturers here.
  • North America is another dominant market region for freeze-dried fruits, with a market share of over 25%, and is set to exhibit a similar market share throughout the forecast period.
  • B2B is a more volume-heavy sales channel than B2C in the freeze-dried fruits market. With the expansion of markets for snacks, breakfast cereals, powdered beverages, retail (household), and others, the B2B sales channel is gaining traction. It is anticipated to continue exhibiting high growth through the assessment period.

“Manufacturers of freeze-dried fruits would gain significant profits by extensive marketing and increasing their geographic reach among end-users. The ready-to-eat, convenient food and beverage industry would also serve as a major market for freeze-dried fruits,” says a Future Market Insights analyst.

Competitive Outlook

The market is fragmented and highly competitive without any major dominant players. Freeze-dried fruits manufacturers are singling on launching a wide variety of products in order to increase their consumer base and end-user industries and gain a competitive advantage.

Top freeze-dried fruits manufacturers are The Kraft Heinz Company, Mercer Foods, European Freeze Dry Ltd., Chaucer freeze-dried, Molda AG, SARAF Foods Ltd., Watershed Foods LLC, Freeze-Dry Foods, Nestle S.A., Mondelez International, The J M Smucker Company, Olam International, OFD Foods, Ajinomoto Co., Asahi Group, and Van Drunen Farms, among others. and others.

Some of them are focusing on marketing upon various health benefits of freeze-dried fruits that are highly sought-after among consumers. For instance, European Freeze Dry has launched their new complete meal solutions for special dietary meals, weight control meals, and others with an emphasis on sport nutrition, food intolerance, emergency preparedness, and others in the recent year.

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Market Segmentation Of Freeze-Dried Fruits Market

Nature:

  • Organic
  • Conventional

Product Type:

  • Whole
  • Diced
  • Powdered/Granulated

End use:

  • Food & Beverages Products
    • Breakfast Cereals
    • Dairy Products
    • Bakery & Confectionery
    • Nutritional Bars & Supplements
    • Powdered Beverages
    • Snacks
  • Retail (household)

Fruit Type:

  • Berries
    • Strawberry
    • Raspberry
    • Blueberry
    • Cranberry
    • Others
  • Exotic & Tropical Fruits
    • Mango
    • Papaya
    • Apple
    • Guava
    • Banana
    • Cantaloupe
  • Orchard & Citrus Fruits
    • Kiwi
    • Pear
    • Peach
    • Lemon
    • Orange
    • Grapefruits
    • Others

Sales Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Store
    • Specialty Store
    • Food & Drinks Specialty Store
    • Independent Small Grocery Store
    • Online Retail

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East & Africa
  • Japan

Frequently Asked Questions

  • At what CAGR is the freeze-dried fruits market expected to grow?
  • Which are the top companies in the freeze-dried fruits market?
  • Which category of freeze-dried fruits is highly sought-after?
  • What nature of freeze-dried fruits is gaining more traction?
  • How are companies planning to gain a competitive edge in freeze-dried fruits market?
  • Which is the largest market for freeze-dried fruits?

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 Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Plant-based Sausages Market Analysis by Size, Rising Demand, Business Growth Factors and Revenue Strategies From 2030

Growing importance of plant-based food products is attracting attention of numerous large-scale multinational corporations, as well as encouraging the establishment of numerous start-up companies. Consequently, the market is interspersed with numerous product launches.

With the global vegan population comprising 8% of the whole world, plant-based sausage players are optimistic about a bright future ahead. Existing players are looking to replenish their existing inventory to cater to the ever increasing demand. Examples include Beyond Meat’s Breakfast Sausages and Smithfield’s Pure Farmland products.

Key Takeaways Global plant-based sausages market to experience a staggering 26.5% CAGR through 2028 Plant-based pork sausages to be most widely consumed, generating over 40% of the revenue share by 2020-end Soy-based proteins to remain most preferred protein source across the forecast period Online sales of plant-based sausages to register astronomical surge, attributed to increased reliance on e-commerce channels amid the COVID-19 pandemic Europe to remain the dominant market, expected to account for over 2 out of 5 sales followed by North America

“Manufacturers are concentrating on continuous product launches in the wake of growing interest by large corporations in the ever expanding veganism trends prevailing across consumer eating habits,” comments the FMI analyst.

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COVID-19 Impact Analysis

The plant-based sausages market is poised to acquire spectacular gains during the pandemic crisis, attributed in large part to shifting consumption patterns. Preference for plant-based foodstuffs to maintain immunity is currently driving market growth.

Imposition of lockdowns have dramatically altered consumer food priorities since the onset of COVID-19. In the United Kingdom, for instance, over 12% of the consumers, out of which a quarter comprise young millennials, are significantly attracted towards a vegan diet.

As the pandemic continues impacting global food supply chains, significant efforts have been made to make food production and supply flexible and fluid to mitigate possible disruptions. Even in the post-pandemic scenario, demand for vegan products will continue sustaining the plant-based sausages market in the long run.

Competitive Landscape

Prominent players in the plant-based sausages market include Smithfield Foods, Beyond Meat Inc., Nestle S.A., Tyson Foods, Whole Foods, Amy’s Kitchen Inc., Tofurky, Field Roast, Lightlife Foods Inc., Moving Mountain and The Meatless Farm Co. among others.

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The aforementioned players concentrate on enhancing their portfolios by introducing innovative products as well as entering into strategic alliances to consolidate their presence. For instance, Nestle Food’s Purina brand unveiled its fava-derived protein foods for pets in November 2020.

Similarly, in 2019, Tyson Foods unveiled its Raised and Rooted® plant-based and blended products line with the objective of expanding its protein based offerings. The company also announced to expand its existing production capacities in November 2020 by inaugurating new facilities in China and Thailand.

In October 2020, Lightlife Foods Inc. successfully inked a partnership deal with Bowlero Corp to supply its plant-based burgers across the latter’s cafeteria menus. The company is also expected to sponsor the 2020 Go Bowling! Tour Fall Swing.

Frequently Asked Questions

  • How will the plant-based sausages market expand until 2028?
  • What drivers underpin the plant-based sausages market growth?
  • Which is the largest market for plant-based sausages?
  • What is COVID-19’s impact on the said growth projections?
  • Which are the prominent plant-based sausages market players?

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 Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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