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The global vegan flour market is expected to reach a valuation of US$ 1.1 Bn in 2022, with sales growing at a CAGR of 6.5% over the forecast period. Against this backdrop, the market valuation is set to top US$ 2.08 Bn by 2032.

Increasing preference for plant-based ingredients in food products is expected to drive sales in the market. Some vegan flours available in the market are brown rice flour which is being used in sweets and savoury dishes due to its thicker consistency and sweet taste.

Almond flour is a high source of proteins and fibres and is used in making cookies, pancakes that are low-carb and help to lose weight. Coconut flour is used to sweeten up deserts and has a high source of fibre. The availability of a wide variety of vegan flours, coupled with increasing expenditure on plant-based food ingredients is expected to boost demand for vegan flour.

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Key players are focusing on packaging and labelling to enhance shelf life of vegan flour. They are offering effective packaging solutions that can be resealed easily to protect the flour from getting contaminated, prevent termite attacks and fungi formation.

“Manufacturers are focusing on developing functional properties of vegan flour. Increasing incorporation of vegan flours in processed foods and snacks is anticipated to create opportunities for growth in the market,” says the FMI analyst.  

Key Takeaways:

• Demand for vegan flour in the U.S. is expected to total US$ 192 Mn in 2022. Sales in the North America vegan flour market are forecast to grow at a 6.2% CAGR.
• India will emerge as a lucrative market, with total sales reaching a valuation of US$ 98 Mn in 2022.
• Sales in Germany will continue gaining traction over the forecast period, with the Europe vegan flour market reaching US$ 200 Mn.
• By application, sales in the food and beverage industry hold the largest market share and are expected to increase at a CAGR of 6.5%.

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Competitive Landscape

Key manufacturers of vegan flour are investing in research & development to offer differentiated products with no chemical components. They are also launching new product lines to penetrate untapped markets. For instance:

• In 2019, Irish-based functional ingredient supplier Healy Group introduced PrimaTex, a plant-based pea protein with numerous end-uses. This launch is in collaboration with British pea ingredient supplier, Novo Farina, which uses UK-harvested, milled pea flour for minimal carbon footprint.

Vegan Flour Market By Category

By Type:

• Soy Flour
• Oat Flour
• Quinoa and Rice Flour
• Nut-based Flour
• Cereal based flour

By Nature:

• Organic
• Conventional

By Application:

• Bakery Products
• Soups, Sauces & Dressings
• Confectionaries
• Functional Foods

By Region:

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

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Key Questions Answered in the Report

• What is the current global vegan flour market size?
• What is the projected global vegan flour market size?
• At what rate did sales in the global vegan flour market between 2017-2021?
• What is the Europe vegan flour market demand outlook?
• What are the key trends boosting sales of vegan flour?
• What is the North America vegan flour market outlook?

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

About FMI

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

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Sales in the pre-workout supplements market are expected to grow at a robust CAGR of 8.4%, reaching a valuation of US$ 14.02 Bn in 2022.

Maintaining good health and working out daily is no longer limited to bodybuilders and sports athletes. The pandemic as reiterated the importance of maintaining good health. This is expected to boost sales of pre-workout supplements market.

Consumers are preferring ready-to-drink pre-workout supplements as they are convenient and easy to use. They are portable and are available in bottles ranging from 200ml to 90ml which can be consumed in one go. Due to demanding work culture and lack of time for leisure, the demand for ready to drink supplements is expected to rise.

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Further, wide availability of different types of pre-workout supplements on online channels is expected to drive sales in the market. Online reviews and recommendations are playing vital role in convincing consumers to buy supplements.

As a result, key players are investing in developing their digital sales channels communicating with customers to better understand consumer requirements and develop different products accordingly. Manufacturers are also focusing on developing pre-workout supplements for different age groups.

Increasing consumption of healthy foods and high expenditure on health-related products is expected to propel the demand for pre-workout supplements in regions such as North America and Europe. Penetration of international brands is expected to ensure easy availability of products in Asia Pacific market, which in will fuel sales of pre-workout supplements.

“Growing preference for organic and clean label products is expected to boost sales of pre-workout supplements. The penetration of international brands in untapped markets will continue augmenting the growth in the market over the forecast period,” says the FMI analyst.

Key Takeaways:

• Based on product type, sales in the powdered pre-workout supplements segment are forecast to account for 65% of the total market share.
• In terms of sales channel, demand in the online segment is projected to grow year-over-year at a 5.7% CAGR.
• The U.S. will continue dominating the North America pre-workout supplements market, with total sales reaching US$ 3.7 Bn in 2022.
• The U.K. will emerge as a lucrative market due to growing preference for organic supplements. Sales in the Europe market are slated to grow at a 7.3% CAGR through 2032.
• Demand for pre-workout supplements in India is expected to reach a valuation of US$ 2.8 Bn in 2022.

Competitive Landscape

Key manufacturers of pre-workout supplements are focusing on research & development to improve their product portfolios by adding different flavors and nutrients in the supplements. For instance:

• GAT Sport’s launched Pumptropic, a branded pump pre-workout, designed to give improved pumps and mental focus. They will be stocked in flavours like  Pumptropic Strawberry Mango, Pineapple Orange Guava, and Fruit Punch for the initial promotion.

Pre-Workout Supplements Market by Category

By Form:

• Powder
• Ready to Drink
• Capsule/Tablets

By Sales Channel:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region:

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

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Key Questions Answered in the Report

• What is the current global pre-workout supplements market size?
• What is the projected pre-workout supplements market size?
• At what rate did the pre-workout supplements market grow between 2017-2021?
• At what rate will the pre-workout supplements demand Grow in Europe?
• What are the key trends shaping the pre-workout supplements market?
• What is the North America pre-workout supplements market outlook?

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

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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United Arab Emirates

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According to Future Market Insights (FMI), Global Dried Eggs Market size was estimated at  more than US$ 2 Bn in 2021. As per the study, the dried egg market is expected to witness a prominent CAGR of 8.2% to reach a valuation of US$ 4.56 Bn by the year 2031.

Growing demand for longer shelf life of eggs as it allows for more time to transport and sell the product while reducing waste is expected to boost the market, estimates Future Market Insights.

Demand in the market is projected to increase as dried eggs products have lower prices and are easily available in the market. Hence, egg manufacturers need to manage food spoiling risks at all stages of the manufacturing and distribution processes, resulting in a demand for raw eggs with a longer shelf life.

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Product mobility at the retail level, resulting in fewer markdowns, is enabled by longer shelf life. This is expected to drive the demand for dried eggs over the forecast period of 2022 to 2032.

Better merchandising due to reduced product perishability is driving the sales and therefore, leading to a rise in demand for dried eggs products having a shelf life of 5 to 10 years.

Key Takeaways:

• Dried eggs market is expected to grow at a notable CAGR of 8.2% on the back of growing consumption of protein-based compounds in personal care and cosmetics.
• North America is projected to dominate the global dried eggs market, holding more than 25% of the market share, followed by Europe.
•  The US, the U.K., and China are anticipated to dominate the global market of dried eggs, holding a significant market share of more than 30% through 2032.
• India is projected to spearhead the growth of South Asia dried eggs market, accounting for 59.1% of overall sales

“Growing demand for convenience food, such as dried eggs, due to the growing urban population and hectic lifestyles that include less eating time are the major factors propelling the sales” – lead analyst at FMI.

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Who is winning?

Companies operating in the dried eggs market are likely to redirect management efforts and capital into those parts of the organization, resulting in both strategic acquisitions and divestitures.

For example, Michael Foods Inc., a manufacturer and distributor of foodservice goods and culinary components, completed the acquisition of Henningsen Foods, America’s largest processor of value-added egg products, from Kewpie Corporation in 2020.

Some of the leading companies offering Dried eggs are Interovo Egg Group BV, Sanovo Technology A/S, Agroholding Avangard, Venky’s (India) Limited, Kewpie Corporation, Rose Acre Farms, Rembrandt Enterprises, Michael Foods, Inc., Ballas Egg Products Corp., Henningsen Foods, Wulro BV, and Others.

Market Segments Covered in Dried Egg Industry Analysis

By Product Type

• Whole Eggs
• Egg Whites
• Egg Yolk

By End-Use Application

• Food Processing Industry
  • Bakery & Confectionery
  • Creamy Sauces
  • Ice-cream and Frozen Desserts
  • Mayonnaise
  • Noodles & Pasta
  • Salad Dressings
  • Others
• Food Service Providers
• Retails/Household
  • Convenience Stores
  • Discount Stores
  • Grocery Stores
  • Modern Trade
  • Online Retail
  • Specialty Food/Sports Stores
  • Wholesalers
  • Other Sales Channel

By region

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

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Key Questions Answered in the Report

• How much is the Dried Egg Market current worth?
• At what CAGR is the market expected to grow?
• How was the performance in the last five years?
• How are the top market players reacting to the market?
• Which are the major countries driving demand for Dried Eggs Market?
• Who are the major players in Dried Eggs Market?
• What outlook does Europe provide?
• At what rate will the U.S. Dried Eggs Market grow?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant based market blog

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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The global cattle feed market is set to witness growth at a CAGR of 4.0% over the forecast period (2022-2032) and top a valuation of US$ 125.8 Bn by 2032.

The commercialization of cattle products such as dairy and meat products, as well as the growing population, have benefited the global market. Consumer awareness of the safety of meat and dairy products, as well as their nutritional value, has become a key driver of business growth.

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Cattle are divided into two categories: young ruminants and adult ruminants. Depending on the age of the ruminants, amino acids, feed acidifiers, vitamins, feed enzymes, antibiotics, antioxidants, and other supplements are employed. Supplements containing vitamin A and minerals, such as Availa-4 and 20-10 Plus Mineral, are routinely used to improve immune function, reproductive, and vision in cattle, as well as to correct deficiencies. Fodder, legumes, grass, and silage make up the majority of a cattle’s diet.

Moreover, consumer knowledge of illnesses that affect livestock animals, such as foot and mouth disease, has heightened worries about meat quality and safety, prompting the adoption of high-quality feed components. Overlapping demand for main grains like barley, maize, and wheat from other commercial applications including biofuel and food sectors is projected to limit market expansion in the coming years.

However, there has been a significant increase in partnerships and M&A among market participants in recent years, growing brand portfolios, gaining access to regional markets, and providing relevant benefits, all of which are expected to fuel product demand.

Key Takeaways from Market Study

• North America is expected to account for the maximum value share of the global market of about 33% by 2032 end
• Due to constant bans on the use of antibiotics in the cattle feeds in Europe, consumers are compelled to opt for substitutes for these antibiotics and direct fed microbials are emerging as better cattle feed additives
• Beef cattle segment aids as a key contributor for growth in emerging countries
• The outbreak of COVID-19 disrupted the supply chain of Cattle Feed, due to which, there was a slowdown in the market. However, the market is expected to witness significant growth with economies providing opportunities and increasing consumer demand for healthy & nutritious feed products

“Mergers and acquisitions are conducted to broaden the product range and achieve a greater market share, and to improve their regional footprint, notably in unorganized markets such as China, Brazil, and India, which is attributable to the growing demand in the next half decade,” says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of Cattle Feed are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base. For instance,

• Archer Daniels Midland Company (US) and Quality Liquid Feeds, Inc. (US) formed a 50-50 joint venture to produce and sell liquid feed supplements for livestock.
• Cargill, Incorporated (US) introduced Proviox Breeding at the International Production & Processing Expo, which is a new version of Cargill’s plant-based antioxidant Proviox designed specifically for breeder birds.

Market Segments Covered

Source:

• Organic
• Conventional

Application:

• Agriculture
• Industrial

Sales Channel:

• Direct Sales
• Indirect Sales

Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

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Key Questions Answered in the Report

• How much is the Cattle feed market current worth?
• At what CAGR is the market expected to grow?
• How was the performance in the last five years?
• Which are the major countries driving demand for Global Cattle feed market?
• Who are the major players in Global Cattle Feed Market?
• Who are the top 5 countries driving cattle feed market?
• At what rate will the cattle feed market increase in North America?
• What is the Latin America cattle feed market outlook?
• What is the market outlook for cattle feed in EMEAI region?
• At what rate did the cattle feed market increase between 2021 and 2022?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant based market blog

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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According to Future Market Insights (FMI), global ready to drink coffee market size is estimated to be US$ 26.3 billion in 2022 and expected to reach US$ 42.3 billion by 2032, at CAGR 8.3%.

Premiumization is one of the most important drivers in the majority of developed markets. Almost all categories of products have two strands that serve different purposes. The rise of the middle class is driving the trend of affordable luxury.

More customers now have the means to elevate ordinary moments. Despite the uncertainty, consumer sentiment is rising, and consumers are experimenting with new flavor profiles and product categories.

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The desire for knowledge and transparency about how and what we consume has also encouraged premiumization, which is driven by the value-driven millennial consumer who wishes to demonstrate their opinions through inconspicuous consumption. The second driver, absolute luxury, on the other hand, is a sign of exclusivity.

It has evolved from overt displays of money to consumers displaying culture capital, exclusivity, and knowledge, all of which make for compelling stories. This strand represents the true ‘rich person,’ who wishes to prove wealth but in a less tangible, ‘meaningful’ way.

It manifests itself in a stronger desire to attempt to buy goods with an interesting story, craft credentials, clout, and provenance in the beverage industry. People are not overspending or recklessly spending, but their individual budgets now also include spendable money. It’s a low-cost luxury, and premiumization is on the rise.

Key Takeaways from Market Study

• The market is segmented based on nature, wherein the conventional ready-to-drink coffee is anticipated to account for around 87% of the market share over the forecast period.
• The North American ready-to-drink coffee market is anticipated to dominate the global market with a market share of around 29% in 2022.
• On the basis of type, original ready-to-drink coffee is expected to hold a prominent share in 2022, but flavored ready-to-drink coffee is expected to witness a lucrative growth rate over the forecast period.
• Growing obesity rates among adults and children, busy lifestyles, unhealthy diets among adults and children, and tight working time are all factors driving consumers toward healthier options of convenience food. Ready-to-drink coffee is another functional drink that has been shown to have nutritional benefits. As the diabetic population and calorie-conscious consumers look for alternatives to sugar in their drinks, the rate of priority for antioxidant-enriched beverages among them is increasing.

“The key players operating in the global ready-to-drink coffee market are focusing on strengthening its distribution channel, partnership, merger & acquisition to reach larger consumer base.” says a Future Market Insights analyst.

Competitive Landscape

Companies are focusing on launching innovative drink blends with different flavors such as chocolate, vanilla, various milk flavors, customized sugar and ice level drinks, and so on in order to attract the Gen-Z and millennial segment. Millennials are known for their eagerness to try new innovative flavors, which creates an opportunity for producers to introduce new flavored ready-to-drink coffee to the market. The following are some noteworthy market developments:

• As part of the global coffee alliance, Seattle-based Starbucks and Swiss food and beverage giant Nestlé will launch ready-to-drink (RTD) coffee products in Oceania, Latin America, and Southeast Asia by 2022.

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Market Segments Covered in Ready to Drink Coffee Market Industry Analysis

Product (RTD Coffee)

• Ginseng
• Vitamin B
• Taurine
• Guarana
• Yerba Mate
• Acai Berry

Additives

• Flavors
• Artificial Sweeteners
• Acidulants
• Nutraceuticals
• Preservatives
• Others

Packaging

• Glass Bottle
• Canned
• PET Bottle
• Aseptic

Price Segment

• Premium
• Regular
• Popular Priced
• Fountain
• Super Premium

Distribution Channel

• On-trade
  • Independent Retailers
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Others
• On-trade
  • Food Service
  • Vending

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Asia Pacific
• The Middle East and Africa

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Key Questions Answered in the Report

• How much is the Ready to Drink Coffee market worth?
• At what CAGR is the RTD coffee market expected to grow?
• How was the performance of RTD coffee market in the last five years?
• Who are the top players in the RTD coffee market?
• Which are the major countries driving demand for ready to drink coffee t?
• Which is the leading segment in RTD coffee market in terms of packaging material?
• What is the North America ready to drink coffee market outlook?
• What is the Latin America ready to drink coffee market outlook?
• At what rate will the ready to drink coffee market increase in EMEAI?
• At what rate will the ready to drink coffee market grow in APAC?
• At what rate did the ready to drink coffee market increase between 2020 and 2022?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

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

Contact:

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The butter flavour market was valued at US$ 258.7 Mn in 2021 and is projected to grow at a CAGR of 7.1%, to reach a value of US$ 550.1 Mn by 2032. As per the butter flavour market analysis, the organic butter flavour segment will grow by 516 BPS, while the artificial butter flavour segment lost 208 BPS over the forecast period.

This growth is attributed to the growing demand for custom flavour creations from the food and beverage industry, as it provides a great base for a range of complex flavour profiles, and can be used to help replicate certain flavours in products such as confectionery treats making it an important ingredient throughout the industry.

Popular savoury food items such as potato chips, pretzels, and especially popcorns are a few of the common products in the F&B industry where butter flavours are used extensively to introduce new and innovative flavours in the product portfolio.

Butter flavours can be a side note to other flavours or can be used to create new flavours in snacks. It has gained much traction as an addition to new flavours ranging from sour cream and onion to cheesy garlic flavours, other than being used for a simple buttery flavour.

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The development of butter substitutes such as margarine is one of the most common uses of buttery flavours. As a result, it’s very frequent in the creation of dietary food products that don’t utilize real butter to reduce fat and calories in recipes. In this case, selecting the correct buttery flavour is critical, as the buttery must taste as near to the “real thing” as possible.

Moreover, it is also extensively used in the production of liqueurs, as a key component of butterscotch flavours as well as custom flavoured vodkas and rums. Subsequently, rising demand for value-added food products among consumers along with new food items has supported the growth of the butter flavour market.

Key Takeaways from Market Study

• The butter flavour market by form is expected to expand at CAGRs of 5.6% for liquid form and 9.1% for powder form, through 2032.
• The market is segmented based on product type, wherein vegan accounted for 18.9%, is expected to witness a lucrative growth rate of 9.2% over the forecast period.
• The European butter flavour market is expected to witness a lucrative growth rate of 7.0% during the forecast period.
• Growing consumer preference for healthy and nutritious food products is driving sales of butter flavour across global markets.
• By nature, the natural butter flavour market is anticipated to hold the highest market share of around 57.4% in the year 2022
• Due to the pandemic, the supply chain for the butter flavour market was hampered significantly, resulting in a sale slowdown. However, with economies recovering and increasing consumer demand for healthy and nutritious food products, the industry is likely to rise significantly

Competitive Landscape

Key manufacturers of butter flavour are using both organic and inorganic market strategies to stay afloat in the industry during these testing times. Players in the market are not only investing in new product innovations but have also restored to acquisitions and mergers to widen their global reach.

• Butter Buds, a company producing non-dairy and dairy concentrates, invested in the development of oil-based alternatives that allow producers in the food & beverage industry to replace block butter in many food items, such as bakery products.
• Innova Flavours, a savoury flavor and ingredients supplier was acquired from Griffith Foods Worldwide by an Ireland-based Carbery Group called Synergy Flavors in 2021.

Segmentation Analysis of Global Butter Flavour Market

By Form :

• Liquid Form
• Powder Form

By Nature :

• Natural
• Organic
• Artificial

By Product Type :

• Vegan
• Dairy Based Flavours

By End Use Application :

• Baked goods
• Savoury
  • Soups, Sauces, Condiments
  • Prepared Food & Ready Meals
  • Meat Poultry & Seafood
  • Seasoning Blends
  • Savoury snacks
• Dairy Products
  • Vegan Milk
  • Hot chocolate
  • Ice Cream &  Dessert
  • Yogurt
  • Flavoured Milk
  • Spreads
  • Other Dairy Products (Cream, Butter milk)
• Dry Beverage Mix
  • Instant Coffee
  • Cocoa
  • Protein Blends
• Confectionery
• Dry Mixes (Pancake, waffle, muffin)
• Meal Replacers
• Microwave Popcorn
• Margarines
• Snack food
• Breakfast Cereal
• Dietary Supplements
• Sports Nutrition

By Region :

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

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Key Questions Answered in the Report

What was the market for butter flavour worth in 2021?

The global butter Flavour market value was around USD 258.7 Mn in 2021.

At what rate will the butter flavour market grow through 2032?

Butter Flavour market revenue is expected to increase at a CAGR of around 7.1% during the period 2022-2032.

How big will the butter flavour market be b 2032?

Butter Flavour market is anticipated to reach a valuation of USD 550.1 Mn by 2032.

Which region is expected to drive the demand in the butter flavour market?

Europe is anticipated to drive the demand for butter Flavour market during the forecast period of 2022 to 2032.

Who are the key players operating in the butter flavour market?

Few of the key players in the market are Butter Buds Inc., DairyChem Inc., The Tatua Co-operative Dairy Company Limited, H.B. Taylor CO. among others.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

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The global specialty carbohydrates market is estimated at reach US$ 6.5 Bn in 2022. With sales growing at a healthy 6% CAGR, the market valuation will top US$ 11.6 Bn by 2032. The specialty carbohydrates market is expected to account for 2% of the overall nutraceutical market in 2022.

Specialty carbohydrates are nutraceutical that are derived from probiotics and prebiotics. They are identified as complex substances extracted from simple sugar such as glucosamine, L-fucose, galactose, glucose and sialic acid and naturally exist in milk. Nutraceutical, cosmetics, and pharmaceuticals are some industries where specialty carbohydrates can be applied.

Increasing consumer preference for healthier food items is propelling sales of specialty carbohydrates in the food and beverage sector.  In addition to this, surging demand for high quality animal-derived products will continue pushing sales of specialty carbohydrates over the forecast period.

Specialty carbohydrates are being incorporated in functional foods and beverages and are becoming popular among health-conscious millennials. In developing countries such as India, China and Mexico, the market is gaining traction owing to an increasing population adapting gymnastics and fitness activities.

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Furthermore, specialty carbohydrates offer various health benefits due to which they are incorporated in medical supplements to treat intestinal imbalances, malnutrition, and cardiovascular diseases. Also, various market players use these carbohydrates to enhance the nutritional value of food to promote better health habits and to reduce cholesterol levels.

Moreover, owing to the rising levels of osteoarthritis, diabetes and other chronic diseases linked to obesity, awareness among consumers about fitness is growing. This is expected to be a chief driver of the global specialty carbohydrates market over the forecast period.

Key Takeaways:

• Based on sales channel, demand in the online retailers segment is expected to remain high over the forecast period.
• By application, functional food segment and functional beverage segment will collectively account for more than 50% of the total market share in 2022.
• North America is expected to account for 31% of the total market share by 2032.
• APAC will emerge as a lucrative pocket, with high demand in India and China.

Competitive Landscape

Key manufacturers of specialty carbohydrates are focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to cater to a growing consumer pool. For instance:

• In 2021, the partnership of Cargill and BASF expanded to develop and innovate an enzyme-based solution for the animal feed industry

Global Specialty Carbohydrates Market By Category

Product Type:

• Glucose
• Lactose
• Galactose
• Glucosamine

Application:

• Dietary supplements
• Animal nutrition
• Personal care
• Functional foods
• Functional beverage

Distribution Channel:

• Convenience Stores
• Specialty Stores
• Online Retailers

By Region:

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

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Key Questions Answered in the Report

How much is the global specialty carbohydrates market worth?

The specialty carbohydrates market is expected to reach a value of US$ 6.5 Bn in 2022.

At what rate is the global specialty carbohydrates market expected to grow?

Specialty carbohydrates consumption is expected to increase at a 6% CAGR over the forecast period.

At what rate did the specialty carbohydrates market grow in the last 5 years?

In terms of revenue, the specialty carbohydrates market grew at a 4.8% CAGR of during 2017-2021.

What is the share of the top 10 spciality carbohydrates market players?

Top 10 producers of specialty carbohydrates including Cargill Incorporated, Ingredion Incorporated, Tate and Lyle Plc., SunOpta, ADM Company, and others hold around 35-40% of the total market share.

Which are the major countries driving demand for specialty carbohydrates?

The U.S., the U.K. and Germany are the major countries driving demand for specialty carbohydrates.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

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

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The Interesterified Fats Market was valued at US$ ~235 Mn in 2022 and is projected to grow at a CAGR of 3% from 2017, to reach a value of US$ ~371 Mn by 2032. Future Market Insights (FMI) has predicted the demand for interesterified fats will grow year-on-year (YoY) by 4% in 2022. Global Growth Rate of Interesterified Fats Market is~5% CAGR.

Interesterification regulates the melting profile of unsaturated and saturated fat blends. For around 20 years, interesterification was being used by scientists only in lab settings, producing a few kilos of product per hour. Only a few companies, such as Wilmer International Ltd. and Archer Daniels Midland Co., were developing interesterified fat products using the process.

As time evolved, consumers gained awareness that consuming dietary items containing trans-fatty acids produced during the industrial partial hydrogenation process has significant cardiovascular health consequences. In many countries, this has resulted in voluntary initiatives and governmental measures to reduce the so-called “industrial” trans-fatty acids in food products.

In the United Kingdom, voluntary food industry efforts have caused a significant reduction in the mean trans-fatty acid intake in adults and children, as manufacturers, like Cargill, have found and implemented the noteworthy replacement in the production with interesterification process, to eliminate “industrial” trans-fatty acids in meals, boosting the market growth.

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Incorporating interesterified fats into meals increases desirable functional properties while eliminating the requirement for trans-fats and lowering the saturated fatty acid (SFA) content by 10-20%, resulting in a functional fat with more potential health benefits. The average daily energy intake through interesterified fats mixes is estimated to be between 4-10%.

As a result of this, the demand for interesterified fats is increasing globally. This also has led to a new trend in market and food processing manufacturers are compelled to incorporate such healthy ingredients in their food products. This is ramping up the interesterified fats sales.

Key Takeaways from Market Study

• Interesterified fats market in Europe will account for 31.9% of global sales in 2022.
• Demand in Asia Pacific also will grow at a high pace, thanks to expansion of food processing industry in India, China, Japan, and other countries.
• Although by application, the food processing industry holds the highest market share, cosmetics and personal care segment are set to expand at a CAGR of 5.9%.
• Enzymatic interesterification will register high demand across the world, accounting for maximum share in the market in terms of interesterification process.

Competitive Landscape

Key manufacturers of interesterified fats are majorly focusing on research & development to enhance the quality of their products. These manufacturers also participate in various exhibitions and events around the world to increase the awareness of their products.

• The British Nutrition Foundation (BNF) and King’s College London hosted a one-day roundtable session in March 2019 to examine the usage of interesterified fats in the food chain, current knowledge of their health consequences, and recommendations for future study and communication to key stakeholders.
• IPB SEAFAST Center has developed enzymatic interesterification for fat processing, one of which uses fully hydrogenated soybean oil (source of SOS) and a mixture of PMF soft substrate (source of POP) as the raw materials, ramping up demand for the product.

Segmentation Analysis of Global Interesterified Fats Market

By Interesterification Process:

• Chemical
• Enzymatic

By Source:

• Palm Oil
• Sal
• Illpe
• Shea/ Shea Nut Oil
• Kokum Gurgi
• Mango Kernel
• Coconut Oil
• Sunflower Oil
• Soybean Oil
• Canola Oil

By End Use Application:

• Food Processing
• Pharmaceuticals
• Cosmetics and Personal Care

By Region:

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

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Key Questions Answered in the Report

What was the market for interesterified fats worth in 2021?

The global interesterified fats market value was around US$ 226 Mn in 2021.

At what CAGR is the interesterified fats market poised to expand through 2032?

Interesterified fats market revenue is expected to increase at a CAGR of around 5% during the period 2022-2032.

How has the performance of interesterified fats market been over the past half-decade?

Interesterified fats sales increased a CAGR of around 3% over the past half-decade.

What are the drivers of interesterified fats market?

Increasing use of interesterified fats in the food industry, rising population fuelling an increase in food demand, minimal energy consumption of the process, and long shelf life of the product are the primary drivers propelling the global interesterified fats market forward.

Who are the key players operating in the interesterified fats market?

Bunge (Loders Croklaan), Archer-Daniels-Midland Co., Adams Group, Cargill Incorporated, and Wilmar International Limited are expected to be the top players driving the market growth.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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

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