Dairy Ingredients Market Future Trends, Dynamic Growth & Forecast To 2032

As per Future Market Insights (FMI), the overall market value for dairy ingredients is expected to reach USD ~90 Bn by 2032, rising at a CAGR of 4.4% between 2022 and 2032. Healthy eating habits among consumer is driving the global dairy ingredients market.

Market value 2022 ~USD 60 Bn
Market value 2032 ~USD 90 Bn
Global Growth Rate (2022 to 2032) ~4.4% CAGR
Forecast Period 2022-2032

The rise in consumption of ready-to-eat foods, cheese, yogurt, curd, and other functional food ingredients has climbed due to the presence of protein. The versatile application of dairy ingredients for food processing as well as the application of dairy ingredients in cosmetics is driving the market.

Dairy products are very rich in protein and essential amino acids due to the presence of casein and caseinates in milk. Lactose derivatives of milk find application in pharmaceutical procedures as prebiotics to promote gut health. Conventionally, milk and dairy consumption are linked with holistic diet quality.

According to the United Nations, the world population is expected to reach 9.7 billion by 2050 providing the nudge for dairy ingredients consumption. Convenient sales channels of discount retail chains, e-commerce, and supermarket retailing are benefitting the dairy ingredients market.

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Key Takeaways from the Market Report

  • The global dairy ingredients market totaled sales of USD ~60 Bn in 2022.
  • Milk powder is easy to store and has a greater shelf life as compared to pure milk and is projected to grow at a rate of ~4%. Milk powder is expected to remain the dominant market segment by product type, attributed to extensive applications across infant foods and growing consumption of ready-to-eat bakery and confectionery and ready-to-drink tea, coffee, and other milky beverages.
  • Dairy ingredients precipitated from milk like casein and caseinates, and whey is a crucial raw material in the development of supplements and in other food processing applications.
  • There is the application of dairy ingredients in cosmetics and personal care products in form of an aqueous solution of casein and milk as a natural moisturizer.
  • Asia Pacific dairy ingredients market is expected to grow at 4.3%. India and China spearheading the Asia-Pacific dairy ingredients industry growth which is expected to pivot global growth given the rapid urbanization, rising number of convenience stores, and tech advancements in dairy processing.
  • The components of dairy ingredients on the label are expanding for the sake of making food and beverage products more nutritional, proliferating demand for various dairy ingredients.

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Competitive Outlook

  • Strategic alliances will aid the growth of the dairy ingredients market, like, the collaboration between India’s Future Group and New Zealand’s Fonterra co-operative dairy to develop and provide high-value consumer dairy products.
  • Major dairy ingredient companies include Fonterra Co-operative Group, Lactalis Group, AMCO Proteins, Arla Foods, Cayuga Dairy Ingredients, Dairy Farmers of America, Epi Ingredients, Friesland Campina, Glanbia Plc, Gujarat Co-operative Milk Marketing Federation Ltd. , Ingredia SA, Kerry Group, Megmilk Snow Brand Co., Meiji Holdings Co., China Mengniu Dairy Company Limited, Yili Group, Nestle S.A., Saputo, Schreiber Foods Inc., Sodiaal Group and Volac International Ltd. and others.
  • Product launches, collaborations with ministries and dairy councils, mergers, acquisitions, collaborations with tech companies, and advanced research and development are the primary strategies used by the aforementioned dairy ingredients companies.
  • Furthermore, certain players also participate in organizing exhibitions and trade fairs to extend product outreach to newer customers and industry end-users.

“The dairy ingredients market is driven by their taste, flavor, and health benefits. Rising awareness about the dairy products along with increased use in the food and beverage industry in the form of spreadable, enhancers, and emulsifiers are key factors for market expansion,” says a lead analyst at Future Market Insights.

About Food & Beverage Division at Future Market Insights

Key Segments

By Product Type:

  • Proteins
  • Milk Powder
  • Milk Fat Concentrates
  • Casein and Caseinates
  • Lactose & Its Derivatives
  • Whey
  • Other Types

By Form Type:

  • Powder
  • Liquid

By Application:

  • Bakery & Confectionery
  • Dairy Products
  • Sports Nutrition Products
  • Infant Formulas
  • Cosmetics
  • Pharmaceuticals
  • Other Applications

By Distribution Channel:

  • E-Commerce
  • Specialty Retailers
  • Supermarket & Hypermarket
  • Others

By Region:

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

Frequently Asked Questions

  • How will the global dairy ingredients market expand in the future?
  • What drivers underpin the global dairy ingredients market growth?
  • Which is the most prominent dairy ingredient type?
  • Which is the largest dairy ingredient market?
  • Which are the prominent dairy ingredients 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: 

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Christiana Corporate, 200 Continental Drive,

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T: +1-845-579-5705

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Dairy Enzymes Market 2022: Qualitative and Quantitative Research By Industry Experts 2032

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the dairy enzyme market is estimated to reach a value of USD 1500 Mn by 2032, surging at 8% CAGR through the decade.

The increased demand for various dairy-based processed foods is driving revenue growth in the dairy enzymes market. Dairy enzymes are being used more frequently in low-lactose products such as milk enzyme, gluten dairy enzyme, enzyme dairy ingredients, and so on, as there is growing concerned about lactose intolerance, the benefits of dairy enzymes, and other digestive disorders.

Moreover, dairy enzyme products are safe for people of all ages to consume. Demand is being driven by dietary trends such as healthy eating and hydration habits. Furthermore, a greater understanding of the benefits of personalized nutrition solutions is assisting long-term growth.

In the dairy industry, enzymes are used as coagulants in cheese production or as bio protectors to improve the safety and shelf-life of dairy products. Possibilities are also expanding as vegan food products gain popularity.

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Key Takeaways from Market Study

  • The United States is expected to be a significant revenue contributor to the global dairy enzymes market through 2031, with a value CAGR of around 7%.
  • From 1.3 million in 2016 to 2.6 million in 2020, the number of people switching to a vegan or plant-based diet has more than doubled. This trend was most prominent in Germany. As a result, plant-based dairy products have grown in popularity.
  • Fibrolytic enzymes can be used as a feed additive in ruminant diets to help cows digest forage fibre and produce more milk, so enzyme dairy cows may find a market in India.
  • The demand for dairy enzyme export is expected to recover during the forecast period, owing to foreign countries’ high reliance on China for the ingredient, as well as cumulative efforts in R&D and revolution progress in dairy enzyme technology and related equipment.
  • In the forecasted period, Japan is expected to contribute nearly 3.3 percent CAGR.

“The COVID-19 outbreak has largely harmed the global dairy enzymes industry. The decreased demand for dairy products in the foodservice sector has been a major source of concern. However, lockdown restrictions will be significantly eased by the end of 2020, improving recovery prospects for dairy enzymes,” says a Future Market Insights analyst.

The global dairy enzymes market is highly fragmented, with numerous global and regional players. To keep up with the competition, active companies are involved in new product development, expansion, and acquisitions. Some of the major players are expanding their global presence by acquiring foreign manufacturers.

  • In September 2021, Novozymes launched five powerful biological solutions to address key challenges for North American farmers seeking to improve yield and fertility while increasing biocontrol application.
  • UmamizymeTM Pulse, a non-GMO enzyme designed for use in a variety of plant protein products to produce a pleasant, savoury flavour, will be released in March 2021 by Amano Enzyme.

SternEnzym, Novozymes, Kerry Group, DSM, Dow DuPont, Danisco A/S, Biocatalysts, Amano Enzyme, Advanced Enzymes Technologies, and CHR. Hansen is among the prominent players in this sector.

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Explore More Valuable Insights

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

Market Segments Covered in Global Dairy Enzyme Market Analysis

By Product :

  • Carbohydrate Dairy Enzymes
  • Protease Dairy Enzymes
  • Polymerase & Nuclease Dairy Enzymes
  • Lipase Dairy Enzymes
  • Phytase Dairy Enzymes
  • Other Dairy Enzymes

By Source :

  • Plant-Based
  • Animal and Micro-organisms based

By Application :

  • Dairy Enzymes for Milk
  • Dairy Enzymes for Cheese
  • Dairy Enzymes for Ice Creams & Desserts
  • Dairy Enzymes for Yogurt
  • Dairy Enzymes for Whey
  • Dairy Enzymes for Infant formula
  • Dairy Enzymes for Other Applications

By Distribution Channel :

  • E-Commerce
  • Speciality Retailers
  • Supermarket/Hypermarket
  • Others

By Region :

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

Frequently Asked Questions

  • What is the current worth of the diary enzyme market?
  • What is the projected market share of the dairy enzyme market?
  • At what CAGR is the market expected to grow?
  • Which are some of the top companies manufacturing dairy enzymes?
  • What are the growth prospects in the North American dairy enzyme market?
  • What are the opportunities in Europe?
  • What is the scope of the dairy enzyme industry in Asia?
  • Which application area accounts for higher sales of dairy enzymes?
  • Which source of the dairy enzyme is more likely to be dominant?

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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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T: +1-845-579-5705

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Juice Concentrate Market by Analysis, Growth, Emerging Trends, Research Methodology, Massive Growth & Industry Survey

According to the latest FMI research reports, the worldwide juice Concentrates Market size is predicted to grow at a compound annual growth rate of a CAGR of 5.3% from 2022 to 2032, reaching USD 55,401.7 million.

Functional foods and beverages have made great strides in recent years, demonstrating that health-conscious millennial consumers prefer a balanced diet.

Concentrated juice is made from both vegetables and fruits, but fruit-based varieties are becoming more popular. This trend is unlikely to change as consumers prefer natural beverages and have more fruit flavor choices. The stockpile of staple food consumers, including fruit drinks, will also fuel demand during the Covid 19 pandemic.

The demand for natural sweets instead of sugar also creates new growth opportunities for the juice concentrate industry.

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Key Takeaways from Market Study

  • Global revenues are set to grow steadily, with the 1stquarter of 2022 critical for a sustained recovery.
  • Countries in the MEA region have been reflecting steady growth in demand, with manufacturers producing multi-fruit concentrates at high-profit margins.
  • North America, followed by Europe are leading regional markets in the juice concentrate industry.
  • The growing demand for natural foods, coupled with higher awareness regarding processed foods and concerns over nutrition and health are likely to influence demand in the long term.

“The juice concentrates market is being driven by their taste, aroma, and health benefits. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion,” says a lead analyst at Future Market Insights.

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Who is Winning?

Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.

New product launches and the resultant expansion of existing product portfolios, in addition to strategic acquisitions and mergers, are some of the primary strategies being used by the companies to remain competitive in the market.

Some of the leading companies offering juice concentrates are Northwest Naturals LLC, DOHLER GmbH, Welch Foods Inc., Ingredion Incorporated, FruitSmart, Sudzucker AG, AGRANA Investment Corp, Diana Naturals, SVZ International B.V., Prodalim Group, Bell Flavors & Fragrances, Citromax, Carotex Flavors.

Get More Valuable Insights

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

Key Segments

Product Type :

  • Vegetables
  • Fruits

Form :

  • Powder
  • Liquid

End Use :

  • Food and Beverage Industry
    • Confectionery & Bakery
    • Dairy Products
    • Soft Drinks
    • Tea
    • Alcoholic Beverages
  • Dietary Supplements
  • Cosmetics & Personal Care Industry
  • Others

Region :

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

Frequently Asked Questions

  • What is the growth rate of the Juice Concentrate Market?
  • What is the market’s forecasted outlook for 2022-2032?
  • What are the major industry drivers?
  • What are the key industry strategies of the global Juice Concentrate market?
  • What are the major regional markets for Juice Concentrate?
  • Which region consumes the highest amount of Juice Concentrate?
  • What are the most common product types of Juice Concentrate in the market?
  • What are the market’s major application segments?
  • What are the Key companies operating in the market?

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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 Hot Dogs Market Current Trends and Future Growth Estimations Outlook To 2030

Global plant-based hot dog sales grew by over 20% in 2020, signaling that years of steadily building consumer awareness is shifting market dynamics in a segment traditionally dominated by meat-lovers. The newfound commercial success has led to a scramble, with conglomerates, as well as niche manufacturers vying for a pie of the market. In its expansive new study, Future Market Insights’ offers a holistic, yet detailed analysis on how growth will unfold through 2030.

The study opines that novel technological developments are being considered to streamline plant-based hot dog production processes. Immense opportunities abound in precision fermentation techniques for the extraction of plant-based proteins. For instance, Impossible Foods is already producing its signature ‘lehemoglobin’ formulation using this technology.

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Key Takeaways

  • Global plant-based hot dog market to surpass US$ 500 million by 2021-end
  • Europe set to capture over 50% revenue share until 2022, South Asia to be fastest growing market
  • Soy-based protein formulations to remain most preferred throughout the assessment period
  • Plant-based beef to retain lucrativeness, pork garnering significant momentum
  • Online sales to witness a prolific upsurge, attributed to shutdowns imposed by COVID-19 pandemic

“Increasing government support to promote vegan products consumption has attracted manufacturers to lucrative markets, thus broadening scope of the market,” concludes the FMI analyst.

COVID-19 Impact Insights

While sales were already on an upward trajectory, the market for vegan products has catapulted even more since the pandemic’s onset, thus enhancing prospects for plant-based hot dogs in the coming future. Currently, at least 1 out of 50 retail packaged meat sales are plant-based.

As consumers look towards options to boost their immunity, consumption of plant-based diets have witnessed a substantial surge. Markets across the U.S, India and China are especially experiencing this increase as they are amongst the most affected countries by the novel coronavirus.

Besides the voluntary shift towards plant-based alternatives, market players are also looking to strengthen existing supply chains so as to offset any possible price shocks which may occur amid fears of a second wave of infections.

Competitive Landscape

Prominent players in the global plant-based hot dog market include Quorn Foods, Morningstar Farms, Daring Foods, Yves Veggie Cuisine, Gardein, Ingredion Inc., Glanbia Plc., Beyond Meat Inc., Nestle SA, Archer Daniels Midland Company, Cargill Incorporated, and Roquette Frères S.A., among others.

The aforementioned players rely largely on new product launches and strategic collaborations with prominent players, owing to the highly competitive nature of the market. In addition, these players are actively aiding government bodies in promoting vegan products and designing policies promoting the same.

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More Insights on FMI’s Plant-based Hot Dog Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global Plant-based hot dog market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the Plant-based hot dog market on the basis of product type (Plant-based chicken, Plant-based beef, and Plant-based pork), 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, and corn-based protein) and distribution channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Stores, Online Retail, and HoReCA) across seven prominent regions.

Key SegmentsProduct Type 

  • Plant-based Chicken
  • Plant-based Beef
  • Plant-based Pork

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)

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (EU-4 (Germany, France, Spain, Italy), U.K, BENELUX, Nordics, Russia, Poland & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia (India, Thailand, Indonesia, Malaysia, Singapore & Rest of South Asia)
  • Oceania (Australia & New Zealand)
  • Middle East & Africa (GCC, South Africa, Turkey, Iran, Israel and Rest of MEA

Frequently Asked Questions

  • How will the plant-based hot dog market expand in the near-term?
  • Which is the largest market for plant-based hot dogs?
  • What drivers underpin market growth?
  • How is COVID-19 impacting growth prospects?
  • Which are the prominent plant-based hot dog 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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Plant-Based Burger Market 2022 Business Growth, Current Trends, Rules, Challenge, and Interaction, Application Details, Key Components, Forecast 2030

Plant-based burger market is witnessing a spike in demand, which is expected to continue post pandemic according to a recent report published by Future Market Insights (FMI). Although the pandemic has hit production and supply chains across the world, the global plant-based burgers market has managed to attract demand from consumers says FMI.

The global plant-based burgers market is poised to witness extraordinary growth with CAGR of above 22% for the forecast period 2020-2030, according to FMI. Though plant based burgers were originally developed with vegan and vegetarian consumers in mind, many others are also joining in the ongoing trend. The concepts like ‘flexitarians’ and similar others are gaining traction owing to concerns for health as well as eco system.

Furthermore, animal borne diseases such as COVID-19, SARS, bird flu and many others are pushing more people towards plant based food products. The magnitude and intensity of novel Corona virus is making consumers opt for healthier food substitutes with high nutritional value.

Plant based burgers are made as replacement of regular animal meat burger, using plant ingredients and natural sources without compromising the benefits, but attempting to reduce the drawbacks. These greener and healthier alternatives to the existing food choices are gaining momentum in the market post the onset of COVID-19 suggests report.

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Some of the key takeaways from the report are as follows:

  • Europe to continue as the largest market in terms of market size throughout the forecast period
  • Plant based beef is identified as the most lucrative product in the segment
  • Brands in the food and beverages industry looking to partnering with plant based food companies to expand reach
  • HoReCa (food service sector) to emerge as the largest distribution channel throughout forecast period
  • East Asia and Latin America to achieve highest growth by the end of forecast period 2020-2030

“As the demand for plant-based burger continues to grow, market players are aiming at innovating packaging and storage solutions to ensure nutrients in their products remain intact for a longer period. They are even forging partnerships with several leading names in food chains to ensure they have a widespread footprint” says analyst at FMI.

COVID-19 Impact on Plant Based Burgers Market

COVID-19 pandemic has impacted life and business since its advent. The lockdowns imposed by the governments to reduce the impact of the pandemic has brought businesses across the world to halt. Many businesses incurred heavy losses owing to the shutdowns in the production. However, plant based food was one particular industry which saw a spike in growth amidst all the uncertainty caused by the pandemic.

This growth could be attributed to the fear in people’s minds because of the animal borne disease such as COVID-19. As the impact of the disease grew stronger, the growth in the sales of healthy and nutritious plant based meat substitutes saw exponential increase. Lockdown imposed in March 2020 saw one of the biggest spikes in sales of plant based meat substitutes in regions including Europe, North America, Latin America and others.

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Who is Winning?

Companies are looking at mergers and acquisitions as the key strategy to gain advantage over the competitors in the market.

Many popular brands in the food and beverages industry are partnering with plant based food companies to reach out to the vegan, vegetarian and flexitarian community.

For instance, fast food giants such as burger King, McDonalds and many other popular restaurant chains are partnering with popular plant based burger brands such as impossible burgers, beyond meat and so on to cater to the wider group of consumers.

Many other food joints are following suit and bringing plant based meat substitutes to their menus. Rising popularity of plant based foods is forcing known brands and new players in the food industry to invest big in the market.

For instance, Burger King partnered with ‘Impossible foods’, a popular brand of plant based products to offer plant based burgers to its customers. Introducing these plant based options has helped Burger King in gaining advantage over rival and popular brand McDonalds. It also increased its customer base as vegan and vegetarian consumers were added because of the new additions in the offerings.

Valuable Insights on Plant-Based Burger Market

Product Type

  • Plant based Chicken
  • Plant based Beef
  • Plant based Pork
  • Plant based Fish/Fishless Fish

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

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Food Stores

Region

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

Frequently Asked Questions

  • How big is the plant-based burgers market?
  • Which region exhibits highest demand for plant-based burgers?
  • Which are the top companies in the plant-based burgers market?
  • Which is the most preferred distribution channel in the plant-based burgers market?
  • What is the outlook on the plant-based burgers 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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Plant-based Butter Market: Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2030

The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating market to grow nearly 7% y-o-y in 2021. Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with plant-based butter sales gaining significant traction.

As per the Food Industry Association, around 30% of households are home to vegan, vegetarian, flexitarian, or pescatarian consumers. This trend is creating opportunities for growth for plant-based butter manufacturers. Demand for plant-based butter can also be attributed to the growing consumer preference for clean-label, natural foods, which is pushing dairy producers to develop and launch vegan alternatives.

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Key Takeaways Global plant-based butter market to exhibit CAGR exceeding 7.5% through 2030 Soy-milk based butter held nearly 40% share in 2020 Online retail distribution to register relatively faster growth, aided by benefits in terms of consumer engagement US to remain the largest market, pegging North America to surpass US$ 200 Mn in 2020“The plant-based butter market is a nascent phase and is being increasingly viewed as a high-potential product in the dairy alternative industry, as a healthy alternative to conventional fatty food products, which will aid growth in the market for the foreseeable future,” says a FMI analyst.

Covid-19 Impact AnalysisThe covid-19 pandemic has resulted in substantial changes in the dietary preferences of consumers around the world. Concerns over transmission of the virus through animal based products has aided the adoption of plant-based alternatives.

Also, plant-based butter can be sourced from oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk among others, allowing for a wider flavor range. While demand from the food service sector is likely to drop owing to lockdown restrictions, home consumption with sales through online sales is expected to rise.

The prospects of the plant-based butter market has widened since early 2020. As per the Good Food Institute, sales of plant-based foods surpassed that of animal based alternatives since the advent of the crisis, and will continue through the forecast period.

Who is Winning?The plant-based butter market is competitive and characterized by the presence of small and mid-scale players. Leading manufacturers are effectively leveraging demand for natural, clean label products, with the aim of geographic expansion and widening product portfolios for long term growth.

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Some of the leading players in the plant-based butter market include Conagra Brands Inc., Upfield Foods, Miyoko’s Creamery, Wayfare Food, Prosperity Organic Food Inc., Lyrical Foods Inc., Califia Farms, Premier Organics, Naturli Foods, Ekogram-the real food, Wildfriend Foods, The J.M. Smuker Co., The Leaviet Corp., Milkadamia, among others.

More Valuable Insights on Plant-based Butter Market 

Source

Oat Milk Rice Milk Corn Milk Soy Milk Pea Milk Almond Milk Coconut Milk Cashew Milk Flax Milk Hemp Milk Others

Distribution Channel

B2B Hotels Restaurants Cafes B2C Hypermarket/Supermarket Convenience Stores Specialty Stores Mom and Pop Stores Discount Stores Food & Drink Specialty Stores Independent Small Groceries Online Retail Others

Region

North America (U.S. & Canada) Latin America (Mexico & Rest of LATAM) Europe, Middle East & Africa Asia Pacific (Greater China, South East Asia, Japan, India, South Korea, Australia, New Zealand)

Frequently Asked Questions

  • How will the plant-based butter market expand through 2030?
  • Which is the largest plant-based butter market?
  • How is COVID-19 impacting the plant-based butter growth projections?
  • Which are some of the prominent market players?

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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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Plant-based Nuggets Market Size to Grow with a High CAGR Global Industry Analysis and Forecast to 2030

Future Market Insights (FMI) in a new study has predicted the consumption of plant based nuggets to surge in the forthcoming years. Rising focus on health and wellness among consumers is underpinning growth in the market. Market players are looking to capitalizing on this opportunity by mimicking the taste and nutritional profile of meat-based products.

However, production cost of plant-based nuggets is comparatively higher, which results in their high price. This could hamper the overall expansion of the market to an extent. Nonetheless, launch of their products in diverse textures and nuggets has been paving way for growth. Especially with focus on animal cruelty surging, FMI foresees positive growth on cards for the market.

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Key Takeaways from the Plant Based Nuggets Market Report The plant based nuggets industry is projected to grow at a CAGR of 26% during the forecast period of 2020-2030 Plant based chicken nuggets will remain under spotlight as best-selling product The EU Commission’s support for plant based meat products will help Europe continue to dominate the market Sales via HoReCa will continue to surge through the forecast period Surging adoption of vegetarian and flexitarian diet will open growth prospects for the market in South Asia

“Behemoths in the food chain business are taking cue from changing consumer preference and altering their menus accordingly. Plant-based nuggets are making increasing appearances across menus of some of the leading names in HoReCa business. This is expected to bode well for the market in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has had a huge effect on people’s lifestyle, reshaping their food preferences. Increasing awareness about the body and immune system has encouraged people to shift to a healthy diet. Rising caution regarding animal borne diseases has compelled consumers to adopt vegan lifestyles. This had caused manufacturers to include plant based meat products in their menus and stores.

The pandemic disrupted market sales but is expected to bounce back with the reopening of several hotel chains. The inclusion of plant based products is expected to attract customers looking for healthier options, ensuring a growth in market.

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Who is Winning?

Leading manufacturers are now partnering with companies to introduce plant based meat products in their outlets. Giant manufacturers like Burger King have partnered with plant based meat manufacturers such as Vegetarian Butcher, to include plant based chicken nuggets in their menu.

In 2020, KFC teamed up with Beyond Meat to introduce plant based chicken nuggets in almost 100 stores in the United States. The success of plant based meat products has encouraged companies to invest in the market.

Manufacturers are focusing to develop ingredients that have zero gluten and are allergen free to create products that can be consumed by all. The leading players in the market are Burger King, KFC, McDonald’s Corporation, Alpha Foods, Urban Platter, Nestlé S.A., Heura Foods, The Vegetarian Butcher and Tyson Foods Inc. among others.

Valuable Insights into the Plant-Based Nuggets Market

Future Market Insights in a recent report has conducted a complete industry analysis of the years 2013-2019 with assessments for the forecast period of 2020-2030. The market is divided into various segments in order to give a detailed analysis.

Based on the product type, the market is divided into plant-based chicken, plant-based beef and plant-based pork. On the basis of the source, the market is segmented into 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 and corn-based protein. The market is also segregated based on the distribution channel into retail (hypermarkets/supermarkets, convenience stores or specialty food stores), online retail and HoReCa (Food Service Sector). Lastly, the market is divided based on the region into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

Frequently Asked Questions

  • At what CAGR is the plant-based nugget market is expected to rise?
  • Which is the largest market for plant-based nuggets?
  • Which are the top companies in the plant-based nuggets market?
  • What is the outlook on the plant-based nuggets market?
  • Which key challenge witnessed by companies in plant-based nuggets market?
  • Which is most lucrative category in the plant-based nuggets market?

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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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Plant-Based Fish Market Regional Analysis and Industry Growth by Forecast to 2030

The rising demand for vegetarian or flexitarian diet coupled with the increasing concerns regarding the environment is driving the plant-based fish market.

According to Future Market Insights (FMI), the global plant-based fish market is anticipated to rise at 28.0% CAGR during the forecast period from the year 2020 to 2030.

As the manufacturing industry has become more advanced providing larger shelf-lives to plant-based fish products suitable for prolonged consumption, the global plant-based fish market growth is accelerating steadily.

Due to the increase in vegan population across the world, the demand for plant-based protein sources is skyrocketing. Besides this, the well-developed healthcare and fitness centers are catering to the further market expansion during the current years.

Rising prevalence of food sensitivities such as sea-food allergies, lactose intolerance, and others are making more people inclined to the plant-based fish products to meet their requirements.

Though COVID-19 outbreak has restricted overall growth of the market to an extent, it is likely to recover especially with people moving away from meat consumption to healthier plant based alternatives, including plant-based fish.

FMI offers an exhaustive overview of the global market. It covers various growth drivers and restraints.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-12756

Some of the key takeaways from the report are highlighted below-

  • The ‘new normal’ of going vegan is aiding in the rapid expansion of plant-based fish market growth rapidly
  • Europe currently dominates the plant based fish market. In the coming years East Asia too will emerge as an attractive market
  • Burger patty is most popular among product segments. With leading food chains launching plant based fish burgers in their menu, growth witnessed in the segment is likely to accelerate
  • Demand for soy based fish products will surge considerably in coming years especially with consumers seeking out alternative for meat protein
  • Sales through hypermarkets will remain high, although online channels too will witness a proliferation of brands selling plant based fish products

“Rapidly increasing demand for sea-food alternatives are propelling the global plant-based fish market growth substantially. Furthermore, increased environmental concerns and significant rise in vegan population is boosting the market demand worldwide,” says an FMI analyst.

COVID-19 Impact Analysis

Due to the recent COVID-19 pandemic, the global plant-based fish market has faced several hurdles such as closing down of manufacturing units during the lock down period, decreased manpower, scarcity of raw materials and ingredients, affected logistics sectors, and others.

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As a result the global plant-based fish market has been impacted heavily. End users such as vegan restaurants, food supply chain, and others have been non-operational for quite a long time in this year, as a result of which the market growth has slowed down.

In the upside, the novel coronavirus outbreak has made people more conscious about their health resulting increased inclination towards healthy food supplements including proteins which has worked in the favor of plant-based fish market.

According to FMI, the global plant-based fish market is expected to gain back its position by the first quarter of 2021, paving new paths to the key market players.

Who is Winning

As the global plant-based fish market growth is accelerating rapidly, the key market players such as Gardein by Conagra Brands, MorningStar Farms, Symrise, Beneo GmbH, Crown Soya Protein Group, and others are approaching strategic ways along with heavy investment to leverage the market potential.

For instance, Crown Soya Protein Group has launched their textured soya protein soytex which can be used in diverse range of applications such as minced fish fillings, burgers, fishballs, patties, sausages, and others.

Symrise has brought their sustainable and authentic range of plant-based proteins such as taste solutions for typically meaty to aromatic veggie taste solutions, customized plant-based fish solutions for flexitarians, and others to target broad range of end users.

Gardein by Conagra brands has come up with their extensive range of plant-based fish products such as soups, noodles, and others which are produced from 100% vegan ingredients. As the global plant-based fish market is forecast to grow further, the key market players are expected to witness tough competition during the forecast period.

More Valuable Insights on Plant-Based Fish Market

Key Segments

Product Type

  • Burger Patty
  • Fillets
  • Crumbles & Grounds
  • Chunks & Tips
  • Shreds
  • Cutlet
  • Strips
  • Tenders & Fingers
  • Meatballs

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

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

Fish Type

  • Tuna
  • Crab
  • Shrimp

Region

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

Frequently Asked Questions

  • At what rate will plant-based fish market rise?
  • plant-based fish?
  • Which are the top companies in plant-based fish market?
  • Which is the most lucrative segment among product type in plant-based fish market?
  • Which is the most lucrative segment in terms of distribution channel in plant-based fish market?
  • Which source type is most dominating in the global plant-based fish market?

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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

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

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Herbal Supplements Market Applications with Latest Trends & Forecast 2022-2032

The global herbal supplements market is set to witness growth at a CAGR of 7.8% and top a valuation of USD 190.2 Bn by 2032.

Consumer awareness of the medicinal benefits of consuming herbal supplements, particularly among the elderly population, is expected to be among the key drivers of market development. The growth in female herbal supplement customers, as well as an increase in the use of herbal products by the youth demographic, has fueled the global market for herbal supplements.

The pharmaceutical sector of the herbal supplement industry has far more volume. The herbal supplement markets in North America and Asia-Pacific are expected to grow significantly. In these sectors, the medical industry’s development will assist the herbal supplement industry. Due to the growing desire for herbal remedies, some of the world’s most well-known pharmaceutical companies are doing research on a variety of herbal supplements.

The herbal supplement market in places like Latin America and Asia will grow as a consequence of their initiatives. In Asia Pacific, alternative medicinal items such as traditional Asian and Ayurveda therapy are in significant demand. Additionally, consumption of herbal remedies has risen as the pharmaceutical sector in emerging countries such as India and China have expanded significantly. Furthermore, continuous demand from countries such as Europe would boost the market’s rise.

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Overweight and ageing population are on the rise all across the world. As a result, herbal supplements for medicinal purposes are becoming increasingly popular. The whole herbal supplement market is benefiting from a rise in sedentary lifestyles, higher consumption of healthier meals, and increased health-care knowledge. Other major factors driving the herbal products market comprise rising disposable income in emerging countries, increased awareness of herbal supplement health benefits, and a rise in the occurrence of health issues.

Diabetes, heart disease, cancer, as well as other chronic illnesses are on the rise all over the world. An increase in the frequency of medical issues has resulted in a greater awareness of eating well. Because of better lifestyles and dietary habits, customer awareness of fitness and health has increased in countries like India and China.

People are becoming more conscious of what they eat and the benefits of herbal supplements, which is fueling the herbal supplement market’s rise. Furthermore, changes in their lifestyle have forced them to place a higher value on their health.

Key Takeaways from Market Study

  • The herbal supplements market is expected to expand at CAGRs of 7.8% and 15% in US and the Middle East & Africa, respectively, through 2032.
  • The Asia Pacific Herbal Supplements market rose by 6.6% year over year, defying early predictions about how the business would function in the event of a worldwide pandemic. Natural supplement demand/sales contributed roughly 33% of overall supply in North America in 2022.
  • The European herbal supplements market is currently pegged at 32% of the total market share.
  • Herbal Supplement components are selling well in worldwide marketplaces, because to rising consumer demand for nutritionally balanced foods.
  • In 2022, world consumption for plant-based supplements grew by 10.3% year over year. It has 43% of the herbal supplement marketplace and is predicted to increase at a significant pace of 7.2 percent by 2032.
  • During the timeframe of 2017-2022, curcumin ingredient revenue increased by 9.8%.

“Herbal supplement companies might make a lot of money if they targeted the food and beverage industries. Because of the rising need for biomedical products around the world, the nutritional supplements business might be a strong market for herbal supplements,” says a Future Market Insights analyst.

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Competitive Landscape

Herbal supplement producers are putting a lot of effort into development and technology to ensure the quality of its product.

  • Bio-Botanica: In 2018, the business formed a joint venture with Genomatica to create a new extraction facility. The extracts will be produced according to Genomatica’s methods and will contain the proprietary component Brontide. The extracts are created using a Bio-proprietary Botanica technology that guarantees the extracted substance has as many natural substances as possible.
  • Archer Daniels Midland: The firm announced the acquisition of Protix, a probiotics manufacturer in 2019. This will allow the firm to continue to develop and conduct research in the field of natural healthcare supplements for pets and humans.
  • Herbalife: The firm introduced its meal replacement line in 2022, which focuses on nutrition and is simple to ingest. Shakes, baked pastries, and munchies are among the products available. The firm introduced digestive health supplements with a fibre compound in the year 2021. Production takes place in the United States and Canada.
  • Nuvothera Inc: In the year 2019, the firm announced the beginning of a supplementation project including microparticles Turmeric, which will result in a rise in curcumin-containing drinks. The product is predicted to grow in popularity since it provides certain health advantages and reduces reliance on medications.
  • Applied Food Sciences Inc: In the year 2018, the business released CurcuFlow, that is a curcumin extract. This new substance will be used to generate a non-staining turmeric cleaning solution.

Segments Covered in Herbal Supplements Market Analysis

Form:

  • Soft Gel/Pills
  • Confectionery Products
  • Gummies
  • Chews
  • Others
  • Pharmaceutical Products
  • Chewable pills
  • Gel caps
  • Powder
  • Liquid

Ingredients:

  • Moringa
  • Echinacea
  • Flaxseeds
  • Turmeric
  • Ginger
  • Ginseng
  • Other ingredients (Horehound, Elderberry, etc)

Consumer Orientation:

  • Men
  • Women
  • Senior citizens
  • Others (Kids & Toddlers)

Application:

  • Weight Loss
  • Sports Nutrition
  • General Well-being
  • Immune & Digestive Health
  • Bone & Joint Health
  • Heart Health
  • Other specific requirements (Supplements, Anti-allergies & Eye-health)

Distribution Channel:

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

Region:

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

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Frequently Asked Questions

  • How much is the current worth of Herbal Supplements 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 Herbal Supplements 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 Herbal Supplements?
  • What outlook does Europe provide?
  • At what rate will the U.S. herbal supplement 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: 

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Flavored Syrups Market is Set for Lucrative Growth During 2029 | Size, Share, Demand And Opportunities Analysis

The global flavored syrups market size is expected to reach US$ 79.2 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5% CAGR between 2019 and 2029. According to the report, consumers with a busy schedule are often inclined to choose a clothing product because of good taste and less consumption time is likely to drive the clothing market, thereby increasing demand for flavored syrups. 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.

It includes in-depth insights into the flavored syrups market. Some of these are:

  • The estimated value of the market was at US$ 48.6 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • During the forecast period, the fruit-flavored syrup segment represented the largest share of the market for flavored syrups.
  • Strong growth in the Asia Pacific market led by India, Japan South Korea and China flavored syrup market.
  • Rising demand for convenience and ready-to-eat goods would also drive market growth.
  • The availability of syrups in powder form also serves as a demand catalyst for better preparation.

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 “The increasing demand for processed foods and the comfort will boost the market. Furthermore, the market is likely to benefit from the rising application in various non-vegetarian recipes will stoke growth. With considerable changes in consumer taste and preferences, the market players can expect scales to tip in their favour in the coming years,” said a lead analyst at FMI.

Downfall in Demand due to Lockdown Caused by COVID-19 will Impact Growth

Market growth in North America is largely due to the increasing demand from fast-food chains and restaurants in countries like the US, Canada and Mexico. In addition, demand for convenience and ready to eat food items is growing in the area due to the busy lifestyle and a higher standard of consumer living and purchasing power. Rising bakery and dairy consumption is further increasing demand on the global market for flavored syrup.

The spread of the novel COVID-19 coronavirus disease has significantly affected global markets. These are extremely unpredictable times, with countries all over the world experiencing the pandemic’s destabilizing consequences. In businesses and governments, decision-makers are struggling to grasp the emerging threats that we face and to decide what course of action needs to be taken. No organization is resistant to the health-crisis problems and there are understandable worries about the harm to the global economy. This latest pandemic obviously has serious consequences for the world.

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Who is Winning?

Few of the major competitors currently working in the global flavored syrups market are Sensient Technologies Corporation, Kerry Inc., SensoryEffects, Inc, Concord Foods, LLC, The Hershey Company, MONIN, Archer Daniels Midland Company, Starbucks Corporation, The J.M. Smucker Company, MANE, Stirling Flavors, LLC, Malabar Food Products., W.T. Lynch Foods Limited, Midwest Syrup Company, RIO Syrup Company, Inc. among others. The players use various strategies to increase their footprints in this industry, such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions and others.

Product launch and promotion of new products the media, promotions and advertising are widely adopted by companies to broaden their presence around the world, which further affects the size of the market. The players on the flavored syrup market are adopting the expansion strategy and investment in research and development to increase the consumer base and gain substantial market share worldwide, which also helps players to retain their brand identity globally.

Get Valuable Insights into Flavoured Syrups Market

Future Market Insights, in its new report, presents an unbiased analysis of the global flavored syrups market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. The global flavored syrups market based on application has been segmented into beverages, dairy & frozen desserts, confectionery, bakery, and others. On the basis of flavour-type, market can be segmented as sweet, savoury, sour, others. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Frequently Asked Questions

  • What is the Growth Outlook for Flavoured Syrups Market?
  • By 2032, how much can the Flavoured Syrups Market Grow?
  • What is the Current Valuation of the Flavoured Syrups Market?
  • Which Region is likely to Lead the Flavoured Syrups Market?

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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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