Fishmeal Market Benefits, Forthcoming Developments, Business Opportunities & Future Investments to 2032

The fish meal consumer market is expected to be worth USD 8000 Mn in the year 2021, and to increase at an extraordinary pace to USD 15,000 Mn by 2032, with a CAGR of 7.7% over the forecast timeline. Fish meal has been extensively used as a  vital element of the fertilizer and aquaculture industries.

The usage of Trout and Salmon as a good source of raw material in the manufacture of fishmeal is fairly frequent. As the cultivation of trout and salmon has expanded dramatically in recent years, wastage output in fish processing plants has surged as well. Businesses have an adequate supply of low-cost raw materials to make fishmeal, which will satisfy customer demand worldwide. The usage of Trout and Salmon as a good source of raw material in the manufacture of fishmeal is fairly frequent. As the cultivation of trout and salmon has expanded dramatically in recent years, wastage output in fish processing facilities has surged as well. Businesses have an adequate supply of low-cost raw materials to make fishmeal, which will satisfy customer demand worldwide.

Key takeaways:

  • The fish meal market is expected to be worth USD 8000 Mn in 2021, and to increase at an extraordinary pace to reach USD 15,000 Mn by 2032, with a compound annual growth rate (CAGR) of 7.7% over the analysis period.
  • The market segment has grown to a value of USD 4,180 million as a result of widespread demand. The United States is expected to be the most dominating region in the North American segment, accounting for more than 87 percent of overall North American sales for USD 2717 million.
  • China has a fast-increasing aquaculture business and is the top producer of animal-derived products in the Asia-Pacific region, with a market share of over 345 percent and an estimated value of USD 704 million.
  • In the United States, by-catch fishing wastes 1 million metric tons of fish each year. The fishery sector stimulates the manufacture of fishmeal since waste and by-catch are supplied as cheap raw materials to fishmeal producers, so paying for the losses that the fishing business might have sustained from wastage and by-catch.

“The market for fishmeal is projected to have a booming expansion attributed to the rise in the utilization in animal rearing including poultry and pig farms along with aquaculture. As an animal feed, fishmeal is a wonderful source of nutrients and protein, which boosts quality and productivity,” says a lead analyst at Future Market Insights.

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Competitive landscape

Fishmeal is seeing a staggering growth in the animal feed and fertilizer industry. Various companies are using technology and research to come up with a process that could efficiently extract nutrients from the fish waste that is produced in large amounts from the fish processing plants.

  • Bergen and Biomega Group, for example, use the fish waste from several salmon fish processing units that aren’t meant for the human intake to make high-quality pet food. Fishmeal is a highly profitable alternative for pet owners since it provides improved fatty acids, minerals, and high-quality protein. These companies use a process known as ‘enzymatic hydrolysis,’ which turns fish waste into high-quality meals in the form of the high-protein peptide. The method supports the main objective of incorporating entire animal leftovers into usable products and accomplishing Zero Wastage.

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Explore More Valuable Insights

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

By Application:

  • Fertilizers
  • Animal Feed

By End-Use:

  • Swine
  • Poultry
  • Aquaculture
    • Salmon & Trout
    • Crustaceans
    • Cyprinids
    • Marine Fish
    • Others
  • Others

By Region:

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

The report covers exhaustive analysis on:

  • How much is the Fishmeal market currently worth?
  • At what CAGR is the market expected to grow?
  • What are the key trends boosting Fishmeal sales?
  • How are market players reacting to the new developments in the market?
  • How much share do the top 3 companies hold?
  • Which are the major countries driving demand for Fishmeal?
  • Who are the major players in Fishmeal Market?
  • What outlook does APAC provide?
  • At what rate will the U.S. Fishmeal market grow?
  • At what level does the report reflect pricing analysis?

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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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Prebiotic Ingredients Market Projected to Witness Vigorous Expansion over Covid-19| Future Market Insights, Inc.

The prebiotic ingredients market is estimated to be valued at USD 6.6 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 18 Bn by 2032, rising at a CAGR of 10.5% for 2022-32.

Furthermore, growing awareness about the benefits of prebiotic ingredients in maintaining a healthy digestive system and supporting healthy metabolism will continue to drive growth of the prebiotic ingredients market, opines FMI.

“Prebiotic ingredients are natural, food compound ingredients that induce the activity or growth of favorable micro-organisms such as fungi or bacteria. Prebiotic fiber of the predominant type may vary according to the food. The food source such as unrefined barley, whole grain cereals, raw oats, and yacon are classified as prebiotic fiber sources. One of the biggest advantages of prebiotic ingredients is they are unaffected either by long term storage or by temperature and are highly stable. Prebiotic ingredients are resistant to the body’s gastric acid and enzymes, which are not digested, absorbed or destroyed as they travel through the digestive system. Prebiotic ingredients can be added to every type of supplement, drink, and food without compromising their efficiency,” says FMI.

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Manufacturers Emphasize on Building Consumer Trust through Transparency in Production

New techniques have supplied customers with access to smart labels that allow them to monitor the product’s journey. Consumers are now requesting food businesses to improve transparency of their products, moving beyond their profile, ingredients and dietary concentration.

Consumers are demanding to know product origins-from how and where the components are derived when the end product was manufactured.

Trust and transparency have become significant difficulties in the food and beverage sector, as there are no rigid laws and rules on clear branding established by authorities. Companies began to use clear branding as a glittering generality for advertising and marketing reasons and used it to market their products as completely pure products.

Cleaner procedures are crucial for companies to sell transparency in their food products without marginalizing market demand.

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Favorable Government Policies Support the Benefits of Prebiotic Foods

Support from health organizations and governments is one of the key reasons for the growth of the prebiotic ingredients market. The major concern of consumers is the safety and health-benefitting properties of food products they purchase.

Certifications and government approvals for food products become a primary concern for consumers, and this is becoming necessary for manufacturers in the food and beverage industry to use appropriate ingredients to gain trust of the consumers.

The support of the government for the use of prebiotic ingredients in various end-use industries is estimated to drive the prebiotic ingredients. Prebiotic ingredients are commonly used as a natural sweetener in various food applications, and the support from government and health organization is one of the main reason for growth of prebiotic ingredients market.

Market Segments Covered In Prebiotic Ingredients Industry Analysis

By Ingredients :

  • Fructo-oligosaccharide
  • Mannan- oligosaccharide
  • Galacto- oligosaccharide
  • Inulin
  • Other Ingredients

By Application :

  • Clinical Nutrition
  • Dietary Ingredients
  • Functional Food & Beverages
  • Dairy Products
  • Infant Formula
  • Breakfast Cereal
  • Meat Products
  • Animal Nutrition
  • Pet Food

By Source :

  • Vegetables
  • Cereals
  • Roots
  • Other Sources

Region :

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

The report covers exhaustive analysis on:

  • What is the value of prebiotic ingredients market in 2021?
  • What is the anticipated growth rate of the prebiotic ingredients market in the forecast period?
  • What is the anticipated global demand for prebiotic ingredients over the forecast period?
  • Who are the prominent players in the global prebiotic ingredients market?
  • Which are the countries contributing in the expansion of prebiotic ingredients market?
  • At what level does the report reflect pricing analysis?

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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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Beetroot Powder Market Analysis, Key Players, Industry Segments and Forecast To 2027

“Beetroot Powder Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027)” is the new report published by Future Market Insights. According to this report, the beetroot powder market has been experiencing significant growth; however, it is still at a growing stage compared to other products in the market. Growing popularity of beetroot juice is one of the significant reasons for the growth of the global beetroot market. The global beetroot powder market is expected to exhibit a robust CAGR of 5.0% in terms of value, over the forecast period. In terms of volume, the global beetroot powder market stood at 6, 90,000 Tons in 2016, and is expected to reach 1,138,232 Tons by 2027 end, at a CAGR of 4.7%.

Global Beetroot Powder Market: Drivers

  • Growing preference of beet root powder by athletes
  • Growing preference for organic beet root powder products
  • Longer shelf life eases usage and transportation
  • Versatility of applications of the beetroot powder
  • Increasing demand for gluten free and vegan products
  • Increasing demand for cosmetics made with natural ingredients
  • Increasing demand for vibrancy in appearance of food products
  • Increasing demand for ingredients with detoxification properties
  • Increasing demand for ingredients with detoxification properties

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Global Beetroot Powder Market: Forecast by Region 

This report has covered seven regions such as, North America, Latin America, Eastern Europe, Western Europe, APAC, Japan and MEA. North America beetroot powder market is expected to exhibit a decent CAGR of 5.2% and 5.1% in terms of value and volume respectively. North America beetroot powder market is estimated to be valued at US$ 4,906.5 Mn by the end of 2027. On the other hand Western Europe beetroot powder market is estimated to be valued at US$ 5,166.1 Mn by the end of 2027 and is expected to expand at a CAGR of 5.3% over the forecast period.

Global Beetroot Powder Market: Forecast by Product Type

There are two segments namely organic and conventional. The organic beet root powder product type is expected to show a high absolute $ opportunity of US$ Mn 5,149.97 over the forecast period. Organic beetroot powder market is estimated to be valued at US$ 13.70 Bn by the end of 2027 and is expected to expand at a CAGR of 5.1% over the forecast period. Conventional beetroot powder market is expected to exhibit a CAGR of 4.5% in terms of volume over the forecast period, and is also expected to witness an absolute $ opportunity of US$ 4,310.60 Mn.

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Global Beetroot Powder Market: Forecast by End Use

On the basis of end use segment the global beetroot powder segment is mainly categorized in to food & beverages and industrial segments. Food & beverages segment is further sub-segmented into bakery, confectionary, food colorants, sweeteners and Others. On the other hand, industrial segment is further sub-segmented into chemicals, nutraceuticals, pharmaceuticals, cosmetics, and textiles. Industrial segment beetroot powder market is estimated to be valued at US$ 8,573.4 Mn by the end of 2027 and is expected to expand at a CAGR of 4.7% over the forecast period.

Global Beetroot Powder Market: Key Players 

The key players operating in the global beetroot powder market are as follows-

Windmill Organics Ltd., Lush Retail Limited, STADA Arzneimittel AG, Mountain Rose Herbs, Changsha Vigorous Tech Co., Ltd, Z Natural Foods, LLC, Indigo Herbs, MARUDHAR FOODS PRIVATE LIMITED, Ecuadorian Rainforest, LLC, and Organic Herb Inc.

By Type

  • Organic
  • Conventional

By End User

  • Food & Beverages
    • Bakery
    • Confectionary
    • Food Colorants
    • Sweeteners
    • Others
  • Industrial
    • Chemicals
    • Nutraceuticals
    • Pharmaceuticals
    • Cosmetics
    • Textiles

The report covers exhaustive analysis on:

  • What is the size of beetroot powder market?
  • Which are the leading companies in beetroot powder market?
  • Which countries are contributing significantly to the growth of the beetroot powder market?
  • At what level does the report reflect pricing analysis?

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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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Malt Ingredient Market Analysis, Segmentation, Key Players, Opportunities and Forecast To 2032

 The malt ingredients market is estimated to be valued at USD 24.2 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 39.4 Bn by 2032, rising at a CAGR of 5% for 2022-32.

The malt ingredients market is being driven by rising demand in the global food and beverage industry. In the coming years, increased demand for dairy products and beer is expected to drive demand for malt ingredients.

The primary factor driving the market’s expansion is the rising consumption of beer and other alcoholic beverages around the world. With the growing popularity of parties and other social gatherings, the number of social drinkers has increased, which acts as a growth factor.

Furthermore, these ingredients are in high demand in the food and beverage industry, where ingredients like barley are widely used in the manufacture of blended flour and bakery products like biscuits and cakes. Furthermore, these ingredients are widely used in the dairy industry for a variety of applications, including milk flavoring. Product innovations such as the introduction of dark malt are also driving market growth, as is rising consumer disposable income.

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Key Takeaways from Market Study

  • The malt ingredient market in the United States is expected to grow at an 8.8% CAGR between 2022 and 2032.
  • Thousands of tonnes of barley malt are used to make distilled spirits in India, the world’s largest whiskey market. India intends to import one million tonnes of barley to meet rising demand and lower alcohol prices in the country.
  • During the forecasted period 2022-2032, the malt ingredient market in Brazil is expected to grow at a CAGR of 7%.
  • Australian malt barley is expected to fully compensate for the supply shortfall to domestic breweries caused by low domestic production.
  • China is the largest producer of malt extracts and dry malts due to its high production capacity, driving regional demand in the Asia Pacific market.

“Rising global consumption of beer and other alcoholic beverages is a major factor driving the market’s expansion. With the growing popularity of parties and other social gatherings, the number of social drinkers has increased, which acts as a growth factor,” says a Future Market Insights analyst.

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Competitive Landscape

Malt Ingredients Market participants use a variety of strategies, including product launches, mergers and acquisitions, joint ventures, and geographical expansion. The market is relatively small in size, which contributes to its dynamic and competitive nature.

  • In February 2020, Leopold Bros, a company based in the United States, partnered with BSG to sell a handmade malt product line in small batches, in an effort to enter the popular hand-crafted beer and craft brewing market.

Key players in this market include GrainCorp, Malteurop, Rahr Corporation, Boortmalt, Groupe Soufflet, Maltproducts, Holland Malt, Maltexco, Barmalt, IREKS, Muntons PLC, Simpsons, Viking Malt, Agraria, Puremalt, Cerex, EDME Ltd., Imperial Malt, Diastatische Producten, and Laihian Mallas.

Explore More Valuable Insights

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

By Raw Material :

  • Barley
  • Wheat
  • Rye
  • Maize
  • Rice
  • Oat

By Product Type :

  • Malt Extract
    • Dry Malt Extract
    • Liquid Malt Extract
  • Malt Flour
  • Other Product Types

By Grade :

  • Specialty Malt
    • Caramelized Malt
    • Roasted Malt
  • Standard Malt

By End-Use Industry :

  • Food & Beverages Industry
    • Food
      • Bakery Products
      • Confectionaries
      • Dairy & Frozen Food
      • Pet Food
    • Beverages
      • Brewing
      • Distilling
      • Health Drinks
      • Other Non-alcoholic Beverages
  • Pharmaceutical Industry
  • Personal Care Industry

Region :

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

The report covers exhaustive analysis on:

  • How much was the malt ingredient market worth in the year 2021?
  • What is the future growth rate of the malt ingredient market?
  • How much is the expected worth of the global malt ingredients market over the forecast period?
  • Who are the dominant manufacturers in the global malt ingredients market?
  • Which countries are contributing significantly to the growth of the malt ingredients market?
  • At what level does the report reflect pricing analysis?

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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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Mezcal Market – Recent Industry Developments and Growth Strategies, Forecast To 2031

The rising demand for craft beer is key growth enabler of mezcal market. Future Market Insights (FMI) in a new study has forecast the market to exhibit above 12% Y-o-Y growth after contracting due to unprecedented COVID-19 outbreak in 2020. Consumer inclination towards alcoholic beverages derived from natural sources is a key game changer. Their evolving behavior pattern has stirred interest in mezcal and has made them especially receptive to the lesser-known categories such as raicilla with the unusual agave varieties.

Driven by consumer interest in craft beers, distillers are experimenting with various agave varieties for mezcal production with a healthy twist to satiate their evolving preference. According to FMI, the demand in 100% tequila category will rise exponentially. Following the age of craft beer, there is visible shift towards trying mezcal, especially in the West, which has been key to growth registered in the 100% tequila segment.

It has been noted trend popularized across social media platforms have a profound influence in determining consumer behavior pattern. While online exposure has increased frequency to bars, pubs, and lounges, focus on health is yet another growth driver. The absence of gluten has been increasing their preference for drinks that include mezcal.

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Key Takeaways from the Mezcal Market Study

  • Outlook for mezcal market remains strong for the upcoming decade as it is forecast to rise at nearly 13.5% CAGR between 2021 and 2031
  • Backed by soaring popularity of mezcal, the U.S. is expected to account for over 90% of mezcal sold in North America in 2021
  • Mexico will remain a key producer of mezcal, exhibiting over 10% Y-o-Y growth in 2021
  • U.K. will remain a bright spot, exhibiting above 14% Y-o-Y growth in 2021
  • Outlook for Brazil in Latin America and China in Asia Pacific excluding Japan will remain strong

“Mezcal market is populated by small producers. With competition soaring across most lucrative pockets, players are likely to focus on research and development. For instance, some of them are leveraging high pressure process (HPP) to extend the shelf life of mezcal,” said a lead analyst at FMI.

Who is winning?

A few of the leading players operating in the Mezcal market are Bacardi Limited., Familia Camarena Tequila, Craft Distiller, Destileria Tlacolula, Diageo Plc., Don Julio, S.A.de., EI Silencio Holdings INC, Fidencio Mezcal, Ilegal Mezcal, Sombra Mezcal, William Grant & Sons Ltd, Sauza Tequila Import Company, Rey Campero., Brown-Forman Corporation (Grupo Industrial Herradura, S.A. de C.V.)., Del Maguey Co., Pensador Mezcal, Pierde Almas.and other players.

Several leading manufacturers of mezcal are focusing on partnering with prominent players in the market to increase its business footprints and to increase their production capacity. Leading players of mezcal are investing in research and development to produce organic, non-GMO ingredients for mezcal.

For instance, Diageo acquired Pierde Almas, which is a premium brand, in 2018 and extended launched a mezcal to extent its Casamigos Tequila line.

Similarly, Campari Group acquired a controlling stake in Montelobos mezcal and Ancho Reyes liqueur for a deal of whopping US$ 35.7 million in 2019.

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Key Segments

Product Type

  • Mezcal Joven
  • Mezcal Reposado
  • Mezcal Anejo

Concentrate

  • 100% Tequila
  • Mix Tequila

Sales Channel

  • HORECA
  • Speciality Stores
  • Modern Trade
  • Online Retailers
  • Other Sales Channels

Region

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

The report covers exhaustive analysis on:

  • Which is the most lucrative market for mezcal?
  • Which is the top-selling type of mezcal?
  • Which are some of the leading companies offering mezcal?
  • Which sales channel accounts is driving sales of mezcal?

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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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Herb & Spice Extracts Market Prosperous Growth, Recent Trends, demand, Top Key Vendors -Forecast To 2027

According to Future Market Insights predictions, the global herb and spice extracts market is estimated to be valued at US$ 11.4 Bn by 2017 end and this is anticipated to increase to US$ 18.7 Bn by the end of the forecast period in 2027, witnessing a CAGR of 5.1% in terms of value. Increasing demand for herbal products in the personal care category and more consumers driven towards ethnic flavours of herbs and spices in their diet is expected to drive the growth of the global herb and spice extracts market.

In 2021, Asia Pacific excluding Japan (APEJ) is the largest market for herb and spice extract market that is valued at US$ 5.08 Bn, and is likely to grow at 5.5% CAGR through 2027 and reach US$ 7 Bn.

Global Herb & Spice Extracts Market: Regional Analysis

The global herb and spice extracts market revenue has been estimated by taking into account revenue of the regional herb and spice extracts markets of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. APEJ is slated to remain the largest and dominant market for herb and spice extracts throughout the forecast period, with a market value of about US$ 7.1 Bn expected by the end of the assessment period in 2027. The APEJ regional market is anticipated to grow 1.7x over the forecast period and represent absolute $ opportunity of just under US$ 3 Bn between 2017 and 2027.

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Global Herb & Spice Extracts Market: Segmental Analysis

The global herb and spice extracts market is segmented on the basis of Product Type into Herb Extracts and Spice Extracts; on the basis of Form into Powder, Liquid, and Others; on the basis of Application into Food (Sauce/dressing/condiments, Confectionery/bakery, Dairy products, Others), Beverages (Juices, RTD Tea, Alcoholic beverages, Traditional homemade drinks, Others), Personal Care (Skin Care, Hair Care, Perfumes & Fragrances, Aromatherapy, Others), Nutraceutical, Pharmaceutical, and Others; and on the basis of Sales Channel into Direct sales and Indirect sales (Specialty stores, Hyper/supermarket, E-commerce, Other retail formats).

  • By Form, the Liquid segment is expected to dominate the global market in terms of value share and is estimated to hold about 49% share of the global herb and spice extracts market by 2027 end. Powder is the most commonly used form as it has a wide application in home cooked foods and other food preparations.
  • Spice Extracts is the largest segment by Product Type, with a market share of more than 50% recorded during the forecast period. A high demand for spices in food and beverages, seasonings, and condiments is expected to fuel segmental growth over the forecast period.
  • In terms of Application, the Food segment will dominate the global herb and spice extracts market, with an estimated market share of more than 40% throughout the forecast period. The demand for herb and spice extracts in the food segment is likely to grow continuously during the forecast period owing to their wide application as flavouring enhancers in different types of foods and beverages.
  • By Sales Channel, the Direct Sales segment is anticipated to be the most attractive during the forecast period, with estimated market revenue to the tune of about US$ 9.7 Bn by the end of the forecast period in 2027.

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Global Herb & Spice Extracts Market: Key Players

The report profiles some of the top companies operating in the global herb and spice extracts market such as Givaudan SA, Kerry Group Plc., Takasago International corporation, Dohler GmbH, Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd., Organic Herb Inc., British Pepper & spice Company.

Frequently Asked Questions

  • How big is herb and spice extract market?
  • What are the leading herb and spice extract companies?

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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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Dairy Alternatives Market -Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of Dairy Alternatives are estimated to reach a value of US$ 123,634.7 Mn by 2032, surging at 14.7% CAGR through the decade.

Dairy alternatives are plant-based foods and beverages that can be used to replace dairy products in a healthier way. Dairy alternatives are considered healthful due to the presence of a number of essential vitamins and minerals in dairy products. Concerns about hormones, pesticides, and antibiotics in dairy products are driving demand for dairy alternatives.

Rather than using milk as raw material, a variety of new and innovative beverage firms are using dairy alternatives as to the foundation component. Customers’ rising need for a variety of beverage options has resulted in a variety of dairy-free flavored beverages. Lactose-intolerant consumers are also seeking a variety of milk-based dairy substitute beverages, which is driving the market forward.

The Asia Pacific, excluding China, dominates the worldwide dairy alternative market, followed by Europe, North America, Latin America, the Middle East, and Africa. The Asia Pacific accounts for a large portion of the market and is likely to drive regional demand for dairy substitutes in the future years.

The regional sector has grown in size due to rising demand for nutritional and healthy products, as well as a shift in customer tastes toward a vegan diet. Favorable government policies to boost import, export, production, and distribution in key economies like China, India, Japan, Malaysia, and Indonesia would lift regional business statistics even higher.

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Key takeaways from market study

  • Dairy alternatives have evolved as a safe substitute for dairy products because they are obtained from natural sources and extracted naturally.
  • The Dairy Alternatives Market grew at a CAGR of 13.6 percent from 2017 to 2021.
  • Plant-based milk replacements that are vegetarian-friendly are expected to put pressure on India’s traditional dairy industry.
  • Vegan milk is widely available in India, with brands such as Sofit and Staeta’s almond and soy milk.
  • In the United States, rising consumer demand for sweetened flavored soy and almond milk is expected to fuel the dairy alternatives market.
  • In response to consumer demand, Sainsbury’s has increased the number of dairy-free milk brands it offers, with around 300 shops in the U.K.
  • With such a high number of lactose-intolerant persons in Brazil, vegan and plant-based options are gaining popularity.
  • Sugar reduction, healthy eating, and more protein and fibre content in food are three major trends affecting the Brazilian food business.

“Vegan or flexitarian diets are expected to create attractive opportunities for the dairy substitutes market to grow, as well as widespread condemnation of animal cruelty and the dairy sector’s greenhouse gas emissions, which have increased dramatically in recent years and are negatively impacting the dairy industry. In both affluent and developing countries, this has raised concerns and spurred demand for dairy alternatives”, says a lead analyst at Future Market Insights.

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Competitive landscape

The majority of dairy alternatives manufacturers are vertically integrated through established procedures in the end-user phase of the value chain. As a result, a number of major companies are developing dairy-free goods, as well as beverages made with substitutes like almond or soy milk. For industry participants, new product development in the food and beverage industry to offer alternatives to milk-based commodities is expected to be a significant success factor.

For example, the Hershey Trust Company’s Sofit brand, which is available in the Kesar Pista flavor, has been designed to appeal to Indian clientele.

Some of the major companies in the market are SunOpta Inc., Hain Celestial Group, Inc., Oatly, Danone, Daiya Foods Inc., Vitasoy International Holdings Limited, Living Harvest Foods Inc., Melt Organic, Earth’s Own Food Company Inc., Ripple Foods, The Whitewave Foods Company, ADM, Nutriops, S.L., Eden Foods, Inc.

Get More Valuable Insights

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

By Source:

  • Soy
  • Almond
  • Rice
  • Coconut
  • Oats
  • Others

By Product:

  • Regular/ Unflavored
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)
  • Flavored
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • Direct Sales/ B2B
  • Indirect Sales/ B2C
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Mass Grocery Retailers
    • Specialty Stores
    • Online Retail

The report covers exhaustive analysis on:

  • How much is the current dairy alternatives market worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years in dairy alternatives market?
  • What are the key trends boosting dairy alternatives sales?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for dairy alternatives?
  • Who are the major players in the dairy alternatives 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.

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T: +1-845-579-5705

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Non Fat Dry Milk Market -Global Industry Overview by Size, Share, Scope, and Growth Factors up to 2022

Non fat dry milk, better known as powdered milk have many benefits which has led to the growth of this market across the globe. The shelf life of nonfat dry milk is much more than that of liquid milk and this is also a primary reason, boosting its demand. In addition to this, non fat dry milk thickens food products. Future Market Insights (FMI) has published a new report, which is titled, “Non Fat Dry Milk Market: Asia-Pacific Excluding Japan (APEJ) to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022). According to the report, the key factor bolstering the growth of this market is the extensive use of nonfat dry milk to prepare meat products, soups, cakes, puddings, as well as many confectioneries.

Other benefits of non fat dry milk, which are boosting its demand include the fact that it is a cheap source of non fat dairy solids, can be easily transported without many precautions, a good source of functional dairy solids, and can be considered as a temporary replacement for whey proteins. Yet, there are a few drawbacks of using non fat dry milk, that have a negative impact on the growth of the global non nonfat dry milk market. Increasing prices of non fat milk, altering taste, and a loss of original richness are some of the factors that are expected to restrict the growth of this market. . These aspects are hindering the growth of the global nonfat dry milk market.

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Non powdered milk is available both in the instant and non instant form. Soups, puddings, and cakes are some of the items in which this type of milk is used. Nonfat dry milk helps retain the thickness of a food item by its rich texture and thus, finds its use in cereals and milk beverages. As per the research report by FMI, the global nonfat dry milk market will reach the figure of US$7.9 bn by 2022 and expand steadily during the period from 2017 to 2022. On the basis of geography, the market is segmented into Asia Pacific except Japan or APEJ, Europe, North America, and the Rest of the World. Of these, it is estimated that the most lucrative market for non fat dry milk market will be APEJ. This region is slated to expand at a 3.8% CAGR from 2017 to 2022. Apart from APEJ, it is expected that North America will also show promising growth opportunities for the non fat dry milk market.

The high heat segment is predicted to lead in the global nonfat dry milk market, by product. This segment showed the highest market share in 2017, and this trend is expected to continue throughout the forecast period as this segment also shows the highest growth rate in the forecast period, that of 4.5% CAGR during the period of 2017 to 2022 and is also predicted to gain a high BPS by the end of 2022.

With respect to growth rate and market share, other retail formats segment also shows high potential. Also, in comparison to the modern trade segment, this segment shows a comparatively high growth rate. This segment is slated to have the highest BPS by the end of 2022 and is expanding at a CAGR of 3.6%.

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Key players within the global non fat dry milk market are profiled in this report for the purpose of study. The business and financial overview of these companies have also been analyzed in the report. Along with this, the information on the various expansion strategies adopted by leading players is given. Some of the key players operating in this market are: SunOpta, Inc., Blue Diamond Growers, Inc., Danone, OATLY A.B, Organic Valley Cropp Cooperative, Eden Foods Inc., The Hain Celestial Group, Inc., and Earth’s Own Food Company Inc.,

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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Baby Food Market To Depict Appreciable Growth Prospects By 2022| Future Market Insights, Inc.

Future Market Insights (FMI) has published a new report, which is titled, “Baby Food Market: Infant Formula Sales to Record Rapid Growth: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022), Foods for babies that have nutritional values are very valuable for parents who are constantly on the lookout for new infant formulas and other baby foods that can be digested easily. Baby foods are one of the top most growing retail products in the industry of foods and beverages. Demand for baby foods or foods for babies continue to exist due to the continuous rise in the expenses of middle class parents in the world. Urban living along with lifestyle trends have resulted in the existence of working women, who are also mothers. Hence, baby foods are best alternatives to breast milk, and also supply essential nutrition to the babies.

A newborn baby is of utmost importance to the parents, hence baby foods happen to be the most important thing in their shopping list. Baby food is soft and easy to consume item that is made as an alternative for breast milk, along with the basic nutrition in the required quantities resulting in healthy growth of babies. In the present scenario, baby foods are present in dried form, prepared form and also in the form of infant formulas.

The global market for baby foods is expected to be around US$62 bn by 2022, exhibiting a modest CAGR from 2017 to 2022. Reasons like growing trend of working mothers, the growing awareness of the advantages of foods for babies that are organic, and the increase in the number of births in various regions will drive the need for baby foods during next 5 years.

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The report shows that the requirements for baby foods will lead the global market in the entire in the whole of the forecast period, although, the sales of infant formulas in the global market is predicted to be faster and higher in comparison to other baby foods market. Towards the end of 2022, infant formulas sales throughout the globe are expected to be more than 6% CAGR. In this forecast period, revenues earned through the dried baby food segment will have the least CAGR.  The segment for infant formulas will lead on account of increased usage of these products. Over one third of the revenue contribution of the global baby foods market will be through prepared baby foods segment, states the report.

Companies involved in the making of baby foods, continuously face fierce competition in regards to the development of new baby foods along with stringent safety measures. As it is of utmost importance that baby foods be such that they have no element which will cause any health issues to babies, it becomes the responsibility of manufacturers to ensure that the ingredients used are safe yet nutritious. The products need to be developed keeping the sensitive and tender nature of babies as their digestive systems are not developed. This makes the task of manufacturing food for babies a complicated one. Players are strategically tapping into the high demand for organic food items which has struck the world and developing baby foods that are organic, in order to gain market shares.

The report profiles leading players such as Mead Johnson & Company, LLC, The Kraft Heinz Company, Campbell soups Company Nestlé S.A., Cargill Inc., Abbott Laboratories, The Hain Celestial Group, Inc., Hero Group A.G., DSM, Arla Foods amba, Danone, Bellamy Organics, and Perrigo Company.

Product Type

  • Dried Baby Food
  • Infant Formula
  • Prepared Baby Food

Sales Channel

  • Modern Trade
  • Departmental and Traditional Grocery Store
  • Convenience Stores
  • Online Channels
  • Other Retail Formats

Packaging Type

  • Bottles
  • Jars
  • Cans
  • Pouches
  • Cartons
  • Single serve sachets

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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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Fortified Foods Market Report Along with Scope, Key Players and Future Growth Analysis by 2031

Demand for fortified foods is expected to reach US$ 127,161.0 Mn in 2021, according to the latest Future Market Insights (FMI) study. Approximately 2 billion people across the world still lack access to the essential minerals and vitamins needed for a healthy and sustainable lifestyle. That is why food fortification programmes are actively encouraged by national governments, especially in developing nations.

Raw Material – Flour Most Important Raw Material in the Fortified Foods Market

The flour segment is anticipated to cross USD ~234.3 Bn by the end of 2032, registering a CAGR of 6.3%.

Micronutrients – Vitamins and Minerals to Record Robust CAGR Growth

Vitamins and minerals have a market share of more than 4/5th of the fortified foods market by micronutrients and are predicted to hold slightly increased share by the end of 2032. CAGR exhibited by minerals (6.5%) is higher than that of vitamins (6.4%) from 2022-2032 and the most important deficiency to address would be that of iron that is typically found in pregnant women and preschool children.

Application – Close Contest between Basic Foods and Processed Foods

The basic foods segment is just a little larger than processed foods in the fortified foods market and is likely to remain so for the foreseeable future. An absolute dollar opportunity of more than US$ 46 Bn exists in this market with margarine fortification being particularly important.

Technology – Drying and Extrusion Vital in the Fortified Foods Market

Key stakeholders in the fortified foods market would do well to focus on drying and extrusion technologies as they are vital. The drying technology is predicted to exceed US$ 87 Bn by end 2032. Extrusion though some way behind, is still critical in the fortified foods market and companies must not ignore it under any circumstance.

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Sales Channel – Modern Trade and Neighbourhood Stores Lucrative Distribution Channels

The modern trade and neighbourhood stores segments are poised to grow by 190 and 17 BPS respectively and this is largely at the expense of online sales and other retail formats in the fortified foods market. Supermarkets and hypermarkets are preferred by customers for being ‘one-stop shops’.

Region – Maximum Growth in the Fortified Foods Market in the Dynamic APEJ Region

APEJ represents more than a third of the global fortified foods market and is projected to grow by a massive 214 BPS throughout the duration of the study. A number of public private partnerships in this region coupled with salt fortified with both iodine and iron has propelled the growth of the fortified foods market in APEJ.

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Competition Landscape in the Fortified Foods Market

Future Market Insights has profiled some of the most prominent companies’ active in the fortified foods market. These include Nestlé S.A., BASF SE, General Mills, Tata Chemicals Limited, Mondelēz International, Cargill Incorporated, Danone, Bühler AG, Bunge Limited, Unilever PLC, Koninklijke DSM NV, Stern-Wywiol Gruppe GmbH & Co. KG, Arla Foods amba, Nutritional Holdings (Pty) Limited, Dr. Paul Lohmann GmbH KG Chemische Fabrik, Wright Enrichment Inc., Gastaldi Hermanos, Sinokrot Global, Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi, and Corbion NV.

Important Takeaways from the Fortified Foods Market Report

Nutritional deficiencies are more common in emerging economies. To strengthen their food fortification structures, developed countries are collaborating with governments in emerging economies by assisting in the setup of manufacturing units, providing technological support, and financial aid. While China could potentially slow down, Brazil and India are on track to record significant growth in the fortified foods 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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