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Sales in the Europe duckweed protein market reached US$ 1.2 Mn in 2021. Growing demand for plant-based foods, along with increasing inclination towards high protein foods are chief factors boosting the market. Driven by this, sales are projected to increase at 1.8% CAGR over the assessment period.

The global duckweed protein market size is estimated to be US$ 62.9 Mn and is forecast to grow at a 9.1% CAGR between 2022 and 2026. Over the last decade, there has been a spike in preference for high-protein foods, which is expected to drive sales of duckweed protein.

Duckweed protein sales will account for 1.1% to 1.8% of the global demand for plant-based protein, finds Future Market Insights (FMI). Product developments by key manufacturers is the market that are aligned with consumer preference for healthy foods will continue pushing sales in the market over the forecast period.

Growing popularity of plant-based foods is expected to boost sales of duckweed protein in Europe. An increasing number of customers are switching to a plant-based diet, either to reduce their calorie consumption or to improve the quality of the food they consume.

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Consumers are either going vegan or adopting a flexitarian lifestyle. This is resulting in higher demand for plant-based alternatives and protein sources, which is expected to spur demand for duckweed protein.

Key Takeaways:

• The global duckweed protein market will reach US$ 88.4 Mn in 2026.
• Sales are projected to increase at a 9.1% CAGR from 2022 to 2026.
• Europe accounted for 1.5% to 2.0% of the global duckweed protein market share approximately in 2021.

Competition Landscape

Leading players operating in the Europe duckweed protein market are launching innovative products aligning with the growing demand for plant-based protein alternatives. In addition to this, players are also investing in acquisitions, mergers and collaborations to expand their manufacturing capacity and to improve capabilities by incorporating cutting-edge technologies.

Some of the leading companies offering duckweed protein are Parabel USA Inc., Pontus Water Lentils, Barentz B.V., Hinoman, Ltd, Plantible Foods, Inc. Lempro Inc., Seta Organics, and others.

Europe Duckweed Protein Market By Category:

By Form:

• Fresh Duckweed Protein
• Dried Duckweed Protein

Species:

• Wolffiella
• Spirodela
• Lemna
• Landoltia
• Wolffia

End Use:

• Food Processing
  • Protein/Dietary Supplements
  • Energy Bars
  • Snacks & Salads
  • Beverages
  • Others
• Animal & Fish Feed
• Others (applied research, biofuel, etc.)

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Key Questions Answered in the Report

How much is the Europe duckweed protein market current worth?

The Europe duckweed protein market reached US$ 1.2 Mn in 2021.

At what CAGR is the Europe duckweed protein market market expected to grow?

Duckweed protein consumption is expected to grow at a CAGR of around 1.8% during the period 2022-2026.

What are the key trends boosting duckweed protein sales?

Increasing preference for plant-based protein, a focus on healthy living, and the biofuel potential of duckweed are the key trend driving the duckweed protein market.

How are players reacting to the new developments in the Europe duckweed protein market?

Global market players are trying to gain a green flag from the European Food Safety Authority (EFSA) by requesting a scientific opinion on the safety of duckweed protein for the commercialization of duckweed protein in Europe.

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 global RTD canned cocktail market size was valued at US$ 19.06 Bn in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.6% from 2022 to 2032.

Growing demand for packaged food and beverages across the globe is a chief factor driving sales in the market. As per Future Market Insights (FMI), RTD canned cocktail sales are likely to account for ~ 53.4% of the demand in the global RTD cocktail market, which is anticipated to be valued at US$ 19 Bn in 2022.

Besides this, consumers are trying to recreate their favorite restaurant cocktails at home, as which is propelling sales of premium spirits, liqueurs, and mixers. Sales are also being driven by the premiumization and re-invention of traditional drinks like the Moscow Mule, which uses natural ingredients and flavors.

Further, consumers are looking to expand their horizons by sampling new beverages as they spend more time at home, and RTD cocktails are providing customers with the same opportunity, which is boosting the growth in the RTD canned cocktail market.

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Key Takeaways:

• Among the product type segment, sales of vodka RTD canned cocktail are projected to account for 19.2% of the total market share in 2022.
• Sales of flavoured RTD canned cocktails will increase at an impressive 11.3% CAGR through 2032.
• Demand for RTD canned cocktails in the retail segment will surge at a 11.9% CAGR over the assessment period.
• The U.S. is projected to lead the North America RTD canned cocktail market, with sales growing at a 9.9% CAGR through 2032.
• Germany will emerge as a lucrative pocket in the Europe RTD canned cocktails market. Demand in Germany is projected to grow at a 9.5% CAGR through 2032.
• Sales in the India RTD canned cocktail market are forecast to grow at a stupendous 12.1% CAGR over the assessment period.

Competitive Landscape

Leading players operating in the global RTD canned cocktails market are investing in  research & development to improve the variety and quality of their products to improve sales. In addition to this, players are investing in mergers, acquisitions, and collaborations to expand their global presence. For instance:

• In June 2019, ASDA released ‘Throw’ by Boulevard, an energy organic martini.
• Hochstadter reduced the size of their canned cocktails by about 100 ml/3.38 fl. oz. so that stacking is simple and the overall amount of alcohol consumed in a single serving is kept to a minimum.
• Big Hammer produced slimmer cans to make its canned cocktails more accessible to female consumers, who are the company’s primary market.

RTD Canned Cocktail Market By Category

By Product Type:

• Cider
• Gin
• Vodka
• Wine
• Whiskey
• Rum
• Hard Seltzer
• Cocktail

By Flavor:

• Natural/Unflavoured
• Flavoured

By Sales Channel:

• On-Trade/Food Service
• Institutional Sale
• Retail
  • Hyper market/Super market
  • Convenience Store
  • Specialty Stores
  • Liquor Shop/Beverage Exclusive
  • Airport Retail
• Online Retail

By Region:

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

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Key Questions Answered in the Report

How big is the RTD canned cocktail market?

The RTD canned cocktail market will reach nearly US$ 19 Bn by 2022.

What is the North America RTD canned cocktail market outlook?

The North America RTD canned cocktail market is expected to grow at a 11.6% CAGR between 2022 and 2032.

At what rate will RTD canned cocktail demand grow in Europe?

The demand for RTD canned cocktail is expected to grow at 11.0% CAGR between 2022 and 2032.

What are the key trends driving RTD canned cocktail sales?

Growing demand for flavored drinks with low alcohol content, along with wide availability of new and innovative drinks through online channels are the key trends driving RTD canned cocktail sales.

At what rate will RTD canned cocktail demand grow in India?

The India RTD canned cocktail market will expand at a 12.1% CAGR between 2022 and 2032.

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 plant-based pet food market is expected to increase steadily, with a total value reaching US$ 23.82 Bn in 2021. As per Future Market Insights (FMI), plant-based pet food sales are expected to surge at 9.2% CAGR between 2021 and 2031. Overall growth forecast for the market will remain positive for the assessment period.

Plant-based pet food contains no animal-derived raw materials, assuring that no animals have been harmed or abused in any way. The vegan movement, humanization of pets, and the growing number of vegan pet owners preferring a plant-based diet for their pets are contributing to the growth of the plant-based pet food business.

Spurred by aforementioned factors, the plant-based pet food market will account for 23.8% of sales in pet food market in 2021. Pet humanization has recently gained popularity in the mainstream media throughout the world. In the plant based pet food market, the change from pet ownership to pet parenting has been a critical and defining development, particularly in industrialized countries.

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Pets are now considered members of the family as a result of this pet humanization movement. Consumers’ willingness to spend more on healthy pet food is shaped by the developing attachment between pet owners and their pets. They are becoming more concerned of their pets’ health and are purchasing plant based pet food with high nutritional value for their pets’ benefit. Pet owners nowadays are looking for pet consumables that are locally made, natural, vegan or have unique health benefits, in addition to standard meal products.

“Some of the leading plant-based pet food brands have a well-defined product classification system. Manufacturers are focusing their research and development efforts on developing distinctive and nutrient-rich products, which will help them increase their revenue streams,” said a lead analyst at FMI

Additionally, the movement toward pet humanization has resulted in a rise in health consciousness. Coupled with this, the rise in pet food that is free of meat, sugar, grain, dye, and other chemical additives will result in high growth in the market. Driven by trends such as surging demand for vegan pet food, pet humanization, and premiumization, plant based pet food demand is predicted to increase in the coming years.

Increasing demand for organic and high-quality ingredients has fuelled pet food expenditure. Consumption of plant-based pet food is thought to minimize allergies, skin concerns, improve bad breath, and maintain weight in pets. This is encouraging pet parents to pick plant-based pet food over other types of pet foods.

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Vegetarian and plant-based diets have recently been introduced to the pet food market, offering a possible solution to the moral dilemma faced by vegetarians and vegans who live with omnivore and carnivorous dogs.

Key Takeaways from the Plant Based Pet Food Market Study:
• North America will account for 36.1% of the global plant-based pet food market in 2021. The U.S. is expected to spearhead growth in North America.
• Kibbles come in a range of sizes and forms and are expected to remain the most popular sort of plant-based pet food. Kibbles are dried, cooled, and coated with a protective coating, and they account for 23.5% of the global market in 2021.
• Demand for plant-based pet food for adult cats will grow at a CAGR of 6.3% during the forecast period (2021-2031).
• The store-based retailing sector accounted for 86.4% of the market share in 2021, and it is predicted to grow at a steady pace through the forecast period.
• Bags accounted for 35.8% of the global plant-based pet food market in terms of packaging, as they are more cost-effective alternative to the cumbersome containers and jars that were previously used in packaging.

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Competitive Landscape
Some of the leading companies offering plant based pet food Market are Cannapple, Nature’s Recipe , Nature’s Diet, Wysong, Benevo, , Evanger’s Dog & Cat Food,My Aistra, Evolution Diet, Eco Dog and Cats, Dr.goodpet and others.

Plant-based pet food manufacturers strive to bring natural and healthy products to market in order to attract a big customer base. Manufacturers in both developed and developing economies are investing in R&D to meet expanding customer needs.

Furthermore, as a result of the COVID-19 outbreak, manufacturers are focusing on online retailing to deliver a diverse range of items to customers via a variety of E-commerce websites. In the Covid-19 epidemic, producers are promoting online shopping to provide a wide choice of items to clients through a variety of E-commerce websites.

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:

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Global sales of insect-based pet food are projected to total US$ 7.09 Bn in 2021, predicts Future Market Insights (FMI). Growing demand for organic and sustainable pet food is expected to propel sales of insect-based pet food at a 9.3% CAGR, pushing the market size to US$ 17.29 Bn by 203

Rising pet adoption across the globe is spurring demand for insect-based pet food. This has also resulted in the popularity of the ‘pet humanization’ trend in which individuals are giving equal importance to their pet’s health and well-being by giving them specialized diets.

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As a result, insect-based pet food is becoming increasingly popular among pet owners. Shifting consumer preference towards sustainable pet food, along with the rising incidence of illnesses in pets from livestock-based animal food will continue driving sales of insect-based pet food in the forthcoming years.

In response to growing demand for insect-based pet food, manufacturers are launching pet food derived from black soldier flies larvae (BSFL). In January 2021, the Ingredient Definition Committee Association of American Feed Control Officials (AAFCO) approved black soldier fly larvae (BSFL) to use in adult dog food and treats. BSFL’s use in cat food is on track to be approved in 2022.

Such developments are anticipated to bode well for the insect-based pet food market. Sales of insect-based pet food in the U.S., the U.K., China, and India are anticipated to gain traction at a remarkable pace over the assessment period, owing to rising awareness regarding grain-free pet food.

“Ongoing research and development to incorporate other protein-rich ingredients in insect-based pet food will augment the growth of the market in the forthcoming years. Besides this, surging adoption of innovative dietary patterns for pets such as gluten-free diet will continue pushing sales of insect-based pet food over the forecast period,” says an FMI analyst.

Key Takeaways:

• Based on nature, demand for organic insect-based pet food is expected to rise at 10.4% CAGR over the assessment period.
• In terms of source, the black soldier flies (BSF) segment is projected to account for 35% of the total market share in 2021.
• Consumption of insect-based pet food in the dogs segment is anticipated to increase at 8.4% CAGR through 2031.
• Online retailing will remain the dominant distribution channel for insect-based pet food over the forecast period.
• Demand for insect-based pet food is expected to grow at a 7.1% CAGR in the U.S.
• China insect-based pet food market is projected to expand at 12.5% CAGR through 2031.
• Sales of insect-based pet food in the U.K. are anticipated to accelerate at a 5.9% CAGR over the forecast period.

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Prominent Drivers:

• Fast-tracked product approvals regarding new ingredients used in insect-based pet food will augment growth of the market.
• Easy availability of insect-based treats, toppings, and jerky via online retail channels is expected to fuel sales of insect-based pet food through 2031.

Key Restraints

• Food sensitivities and allergy caused by insect-based pet food might hamper the growth in the market

Competitive Landscape

Key players operating in the insect-based pet food market are investing in research and development to improve their product portfolios. Besides this, collaborations, partnerships, and acquisitions are among other anticipated strategies adopted by players to gain a competitive edge. For instance:

• In April 2021, Ynsect announced its acquisition of Protifarm, a Dutch mealworm ingredient producer based out of Amsterdam. The Ynsect facilities in France produce protein from mealworms, which can also be used in the pet food industry.
• In April 2021, Mars Incorporated expanded its product portfolio by launching Lovebug, a BSF-based pet food in the U.K.

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Leading players operating in insect-based pet food market profiled by FMI include:

• Innovafeed
• Ynsect
• Protix
• Purina
• Mars Incorporated
• Agri Protein Holdings Ltd
• Enterra
• Entocycle
• Beta Hatch
• Entobel
• Hexafly Biotech
• Next Protein
• Scout & Zoe’s
• Others

More Insights on FMI’s Insect-based Pet Food Market

The latest market study on the insect-based pet food market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global insect-based pet food market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Nature:

• Organic
• Monoprotein
• Conventional

Source:

• Crickets
• Mealworms
• Black Soldier Flies

Product Type:

• Kibble/Dry
  • Extruded
  • Baked
  • Coated
• Dehydrated Food
• Treats and Chews
• Freeze-Dried Raw
• Wet Food
• Frozen
• Raw Food
• Powder
• Freeze-Dried Food

Pet Type:

• Cat
  • Kitten
  • Senior
• Dog
  • Puppy
  • Adult
  • Senior
• Birds
• Others

Distribution Channel:

• Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
• Online Retailers

Region:

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

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Key Questions Covered in Insect-based Pet Food Market Report 

• The report offers detailed insights into insect-based pet food market demand outlook for 2021-2031.
• The market study also highlights projected sales growth for insect-based pet food market between 2021 and 2031.
• Insect-based pet food market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
• Insect-based pet food market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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:

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The global curcumin market size is projected to total US$ 95.6 Mn in 2021. As per Future Market Insights (FMI) analysis, the overall sales of curcumin will surpass US$ 279.3 Mn by 2031. Demand for curcumin is projected to grow by 11.3% CAGR over the forecast period, from 2021 to 2031.

According to the study, curcumin sales represented 3% to 5% of overall curcuminoids market in 2020. Demand for curcumin is likely to soar as consumers across the globe realize the health benefits of curcumin as a functional ingredient.

FMI predicts the U.S., India, Germany, and China to emerge as primary markets for curcumin sales. Of these, the U.S. curcumin market is expected to grow by 9.7% CAGR between 2021 and 2031.

Rising concerns regarding harmful effects of artificial ingredients in food products are spurring demand for clean label food products and ingredients. Consumer dissatisfaction with synthetic food products is compelling food manufacturers to incorporate natural and plant-based ingredients for flavor and color.

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Key Takeaways:

The U.S. is estimated to account for more than 79.0% of the North American market in 2021, supported by increased consumption of curcumin-derived protein products. China is estimated to account for over half of sales registered in the East Asia market share in 2021. Germany is expected to dominate the Europe curcumin market, holding 16.3% of the total market share in 2021. India will emerge as an attractive curcumin market, commanding over 45.2% of sales registered in South Asia in 2021. Curcumin applications as an antioxidant are estimated to hold nearly one-third of the total curcumin market share in 2021.

Competitive Landscape

Key players operating in the global curcumin market are focusing on production facility expansion to cater to growing demand for natural and organic ingredients. Apart from this, manufacturers are implementing various strategies such as marketing and promotional activities, strengthening distribution channel and adopting sustainable production to gain a competitive edge.

Some of the leading companies offering curcumin are BioMax Life Sciences, Herboveda India Pvt Ltd., Hebei Tianxu Biotech Co. Ltd., JIAHERB Inc., Synthetic Industries Ltd., BioThrive Science, Sabinsa Corporation, The Green Labs LLC., WackerChemie AG, Hindustan Mint & Agro Products Pvt Ltd, Helmings Prima Sehejtera P.T, Arjuna Natural Extracts Ltd., SMP Nutra, SV Agrofoods, Star Hi Herbs Pvt Ltd. and others.

Curcumin Market by Category

By Nature:

• Organic
• Conventional

By Form:

• Powder
• Liquid

By Application:

• Heart Health
• Brain Health
• Stress/Anxiety Relief
• Anti-inflammation
• Antioxidant
• Flavorant & Colorant

By End-Use:

• Dietary Supplements
• Food Products
• Herbal & Medicinal Products
• Cosmetics

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 is the current value of the global curcumin market?

The global curcumin market is expected to reach a valuation of US$ 95.6 Mn in 2021.

At what rate did the global curcumin market grow between 2016 and 2020?

The global curcumin market grew at a 10.8% CAGR between 2016 and 2020.

What are the key trends boosting curcumin sales?

Increasing consumer inclination towards organic and natural products, along with rising demand for curcumin-based beverages are key trends driving sales of curcumin.

What is the total share of top 5 players operating in the global curcumin market?

Top 5 players in the global curcumin market are expected to hold around 35-45% of the total market share.

Which are the major countries driving demand for curcumin?

The U.S., India, Germany, and China are the top countries driving demand for curcumin.

What will be the demand outlook for curcumin in East Asia?

East Asia is projected to hold around 13.2% of the total curcumin revenue share.

At what rate will the U.S. curcumin market grow?

The U.S. curcumin market is projected to grow at a 9.7% CAGR over the next ten years.

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:

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Sales in the pea protein ingredients market are estimated to total US$ 1.25 Bn in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 2.5 Bn by 2031, rising at a CAGR of 7.2% between 2021 and 2031.

Rising demand from various end-use industries such as bakery & snacks, beverages and others is expected to fuel pea protein ingredients market growth during the forecast period. Increasing preference for natural ingredients in food products also will continue pushing sales in the pea protein ingredients market.

Rising popularity of pea protein can be attributed to its high protein content, sustainability, availability, intriguing functionality, affordability, and hypoallergenic properties. Owing to these benefits, various food and beverage companies are incorporating pea protein ingredients in their products. This is expected to propel sales of pea protein ingredients in the forthcoming years.

Pea protein ingredients powders are just as easy to incorporate into shakes or smoothies as whey protein powders. They do not include any animal byproducts, making them fit for consumption for the vegan population. Pea protein ingredients supplements are easier to digest than traditional protein supplements as it solely contains plant-based proteins and amino acids like lysine and glutamine.

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Key Takeaways:

The U.S. is estimated to account for more than 79.0% of the North America pea protein ingredients market in 2021. China is estimated to account for nearly 43.3% of the East Asia pea protein ingredients market share in 2021. Germany will emerge as a lucrative market, holding 16.3% of the Europe market share in 2021. Sales of pea protein ingredients are anticipated to continue rising in the U.K., holding 14.0% of the Europe market share. Demand for protein ingredients in India is expected to rise at a 11.4% CAGR over the forecast period. Thailand pea protein market is projected to expand at a 9.4% CAGR in 2021.

Competitive Landscape

Some of the leading companies offering pea protein ingredients are A&B Ingredients Inc., Nutri Pea Ltd, Archer Daniels Midland Company, Kerry Group PLC., Cargill Incorporated, The Scoular Company, Axiom Foods, Inc., Batory Foods, PLT Health Solutions, Prinova Group LLC, and others.

Leading players operating in the global pea protein ingredients market are focusing on research and development to launch new products to cater to growing vegan consumers. Apart from this, players are investing in mergers, acquisitions and strategic collaborations to strengthen their presence in the pea protein ingredients market.

Pea Protein Ingredients Market by Category

By Product Type:

• Isolates
• Concentrates
• Textured

By Application:

• Bakery and Snacks
• Dietary Supplements
• Beverages
• Meat Analogs/Substitutes
• Others

By Form:

• Powder
• Liquid
• Others

Region:

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

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Key Questioned Answered in the Report

What is the current value of the global pea protein ingredients market?

The global pea protein ingredients market is expected to surpass a valuation of US$ 1.25 Bn in 2021.

At what CAGR is the market expected to grow?

Pea protein ingredients consumption is expected to grow at a CAGR of around 7.2% during the period 2021-2031.

At what rate did the pea protein ingredients market grow between 2016 and 2020?

The global pea protein ingredients grew at a CAGR of 6.4% during 2016-2020.

What are the key trends boosting pea protein ingredients sales?

Increasing demand for vegan & natural food ingredients, along with rising focus on preventive care are key trends driving sales of pea protein ingredients.

What is the share of top 5 companies operating in the pea protein ingredients market?

Top 5 producers of pea protein ingredients hold around 40-50% of the market share.

Which are the major countries driving demand for pea protein ingredients?

The U.S., Germany, China, Australia, and India are the major countries driving demand for pea protein ingredients.

What is the demand outlook for pea protein ingredients in East Asia?

East Asia is expected to hold around 11.8% of the total pea protein ingredients market share.

At what rate will the U.S. pea protein ingredients market grow?

The U.S. pea protein ingredients market is projected to grow at a CAGR of around 5.9% over forecast.

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 grass fed beef market is expected to reach a valuation of US$ 11.6 Bn in 2021. As per Future Market Insights (FMI), the overall market value is forecast to total US$ 17.9 Bn by 2031, rising at a 4.4% CAGR between 2021 and 2031.

Growing awareness regarding health benefits and consumption of a balanced diet, along with increasing sales of bulk food ingredients via online retail channels are expected to provide impetus to grass fed beef market growth. Considering this, FMI has projected the sales of grass fed beef to expand at a 3.7% CAGR through 2031 in terms of volume.

Consumers across North America and Europe consider beef as one of the primary sources of food. Buyers in these regions are aware of organic certifications and labeling of these products and the advantageous effects over conventional food products. As a result, demand for grass fed beef is expected to grow in North America and Europe over the forecast period.

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Globally, consumers are getting inclined towards convenient yet healthy foods that require less preparation time. This has resulted in increasing sales of processed meat products. Grass fed beef offers exceptional quality and nutritional benefits over conventional grain fed beef products, which is driving its applications in the food service sector.

Key Takeaways:

Demand for processed grass fed beef is expected to remain high over the forecast period. Sales of frozen grass fed beef are projected to rise at a steady pace, as it doesn’t loss moisture and remains safe for consumption when opened. Sales of grass fed beef through indirect channels are expected to gain traction as online retailing becomes mainstream. Applications of grass fed beef in the food service sectors are anticipated to account for a dominant share.

Competitive Landscape

Some of the leading companies offering grass fed beef are JBS Foods®, Tyson Foods, Australian Agricultural Company Limited, Hormel Foods Corporation, Cargill, Inc., ANZCO Foods, Conagra Brands, Inc., Creekstone Farms Premium Beef, LLC, Sysco Corporation, and others.

Key players in the global grass fed beef market are  focusing on merger and acquisitions with different other small and mid-level brands to expand their distribution channels and production facilities. Players are also launching new and innovative products to gain a competitive edge in the market. For instance, players like Verde Farms and Pre Brands are focusing on labelling new products in order to meet customer demand. Top players like Creekstone are collaborating with supermarkets, stores and online retailers to improve sales.

Grass Fed Beef by Category

By Form:

• Raw Meat
• Processed Meat

• Fresh Processed
  • Cured
  • Smoked
  • Restructured
  • Slices
  • Chop meat
  • Steak cuts
  • Cuts
  • Patties
  • Sausages
  • Nuggets
  • Meatloaf
• Dried
• Others (Fermented, Pickled, etc.)

By Format:

• Chilled
• Frozen
• Shelf Stable

By End-Use:

• Food Processing Industry
• Foodservice (Hotels, Restaurants, Cafés
  • Sauces, Dressings and Glazes
  • Snacks
  • Baked Products
  • Ready Meals
  • Processed Meat Products &Marinades
  • Seasoning
  • Instant Noodle/Pasta
  • Soups, Stocks and Bouillon
  • Others (Pie Gravies, etc.)
• Institutional
• Household (Retail)

By Distribution Channel:

• Direct Sales/B2B
• Indirect Sales/B2C

• Hypermarkets/ Supermarkets
  • Specialty Meat Outlets
  • Groceries/Mass Retailers
  • Wholesale Club Stores
  • Butcher Shops
  • Ranch
• Online Retailing

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Key Questions Answered in the Report

What is the grass fed beef market value?

The grass fed beef market is projected to total US$ 11.6 Bn in 2021.

What is the grass fed beef market demand outlook?

The grass fed beef market is forecast to grow by 4.4% CAGR to total US$ 17.9 Bn by 2031.

What are the key trends shaping the grass fed beef market?

Mergers and acquisitions undertaken by leading companies, besides strategies adopted to expand presence and production capacity are key trends shaping growth of the market.

At what rate did the demand for grass fed beef grow in the last five years?

The demand for grass fed beef increased by 3.7% CAGR between 2021 and 2031.

Who are the top players in the grass fed beef market and what is the market share?

JBS Foods, Tyson Foods, Australian Agricultural Company Limited, Hormel Foods Corporation, Cargill, Inc., and Conagra Brands, Inc. are the top market players accounting for nearly 30% to 50% of global sales.

At what rate will the demand for grass fed beef rise in Europe?

The demand for grass fed beef will increase by 3.8% CAGR over the assessment period.

At what rate will the demand for grass fed beef rise in Europe?

The demand for grass fed beef will increase by 3.8% CAGR over the assessment period.

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Sales of spirulina extract are expected to grow steadily, reaching a total valuation of US$ 42, Mn in 2021. Demand for spirulina extract is expected to grow at a 14.6% CAGR over the assessment period, according to Future Market Insights (FMI).

Rising health concerns about food are pushing demand for clean label food products and ingredients. With consistent innovations in spirulina-based products and their applications in various end-use industries, high growth of the market is on card. In addition to this, FMI has projected the conventional spirulina extract segment to hold 80.3% of the total market share in 2021.

Apart from the food industry, spirulina extract is being widely adopted in fertilizers and animal feed. Spirulina fertilizers are loaded with nutrients, seaweed extract, amino acids, plant growth promoters, macronutrients, and micronutrients.

A combinations of these ingredients can potentially assist healthy development of crops, and improved yield. These fertilizers are easy to use, reduce salt content in the soil and stimulate the production of soil bacteria enzymes, which is further driving applications of spirulina extract in fertilizers.

Spirulina extract is also used in personal care and cosmetics industry to add non-toxic coloring agents in makeup products such as eyeshadows, eyeliners, and lipsticks. The emulsifying and antioxidant properties of spirulina are also propelling its applications in skincare products such as moisturizers, serums and cleansers.

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As per FMI, North America will emerge as one of the most lucrative markets for spirulina extract. Growth can be attributed to the presence of a robust food & beverage and personal care industry, along with increasing advancements in color handling technology used in food and beverages.

Key Takeaways:

• Sales of conventional spirulina extract are projected to grow at a 14.0% CAGR through 2031.
• The candy and confectionary segment is anticipated to hold 24.8% of the total spirulina extract market share.
• The U.S. will emerge as an attractive market, holding 86.5% of the North America spirulina extract market share.
• Germany will continue exhibiting high demand for spirulina extract, with sales growing at a 12.6% CAGR through 2031.
• Demand for spirulina extract in China is anticipated to rise at a 16.7% CAGR over the forecast period.
• The spirulina market in India is expected to expand at a 16% CAGR, placing the country as a lucrative market.
• Japan and South Korea are projected to hold 18.7 and 5.7 of the total spirulina extract market share in 2031.

Who is Winning?

Some of the leading companies offering Spirulina Extract are Royal DSM, Algene Biotech, BASF, FMC Corporation, Chr. Hansen A/S, Cyanotech Corporation, Dohler Group, , DDW – the Color House, Japan Algae Co., Ltd, DIC Corporation- Earthrise Nutritionals, Fiorio Colori S.p.A, Naturex SA, Solazyme, Aller Aqua,  C.B.N. Spirulina Canada Co., Ltd, Hydro Linea Biotech, and Sensient Technologies Corporation and others.

Companies operating in the global Spirulina extract market are investing in intensive research and development, along with mergers and acquisitions to improve their product portfolios. For instance:

• In June 2020, DIC Corporation declared that wholly owned subsidiary DIC Lifetec Co., Ltd., who manufactures and sells DIC Spirulina, has introduced a liquid version of its Linablue® naturally derived blue food coloring.

Spirulina Extract Market by Category

By Nature:

• Organic
• Conventional

By Application:

• Beverage
  • Milk Drinks & Milk Alternatives
  • Alcoholic Beverages
  • Carbonates (Carbonated Soft Drinks)
  • Sports Drinks
  • Coffee & Cocoa
  • Tea
  • Energy Drink
  • Juice Based Drinks
  • Flavored water
  • Enhanced Water
  • Sparkling Waters

• Bakery, Snacks, & Cereal
  • Breakfast Cereal
  • Bread
  • Cakes & Pastries
  • Cookies
  • Biscuits & Cones
  • Frosting / Icing
  • Crackers & Savory Snacks
• Candy / Confectionery
  • Panned Candy
  • Chocolate & Compound Coating
  • Gummies
  • Chewing Gum
  • Jellies & Licorice
  • Sprinkles & Sugar
  • Hard Candies / Boiled Sweets
• Dairy
  • Cheese
  • Ice Cream
  • Milk Drinks & Milk Alternatives
  • Pudding / Custard
  • Dips & Spreads
  • Yogurt
• Fruit Preparations / Fillings
• Meat, Poultry, Fish, & Eggs
  • Casings
  • Egg & Egg Substitute
  • Fish / Seafood
  • Jerky
  • Meat Substitute
  • Processed Meat & Poultry
• Potatoes, Pasta, & Rice
  • Pasta
  • Potato Chips / Crisps
  • Processed Potatoes
  • Rice
• Sauces, Soups, & Dressings
  • Asian Sauces
  • Barbecue & Steak Sauce
  • Condiments
  • Gravy / Dry Sauce Mix
  • Marinade
  • Oils & Dressings
• Seasonings
  • Batter
  • Breading and Coating
  • Bouillon / Soup Base / Stock
  • Liquid Smoke
  • Spice Blends / Dry Seasonings
• Pet Food
  • Extruded / Dry Pet Food
  • Snacks / Treats
  • Wet Food

By region:

• North America
• Latin America
• EMEAI
• Asia Pacific

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Key Questions Answered in the Report

What is the current spirulina extract market value?

The global spirulina extract market is anticipated to reach a valuation of US$ 42 Mn in 2021.

At what rate did the spirulina extract market expand in the last five years?

Sales of spirulina extract have grown at 14.1% CAGR between 2016 and 2020.

What are the key trends shaping the spirulina extract market?

Key trends driving spirulina extract sales include rising application in cosmetics, protein supplements, coupled with growing preference for plant-based ingredients in and food products and beverages.

 What is the North America Spirulina Extract market outlook?

Demand for spirulina extract in North America is anticipated to surge at a steady pace, and is hold more than 45% of the global spirulina extract market in 2021.

Which countries are key exporters of natural food colours?

The U.S., Brazil, the U.K., China and India are key exporters of spirulina extract in the global market.

Which are the top countries driving demand for spirulina extract?

The U.S., India, Germany, France, and China are the top countries which are driving the growth of global spirulina extract market.

What will be the share of Japan and South Korea in the global spirulina extract market?

Japan and South Korea are anticipated to hold 18.7% and 5.7% of the global spirulina extract market in 2031.

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Demand for date syrup is expected to reach US$ 339.0 Mn in 2021, according to the latest Future Market Insights (FMI) study. The market value is expected to surpass US$ 630.0 Mn by 2031, exhibiting growth at healthy CAGR of 6.4% for 2021-31.

The market will particularly gain from the surging application of date syrup in nutraceutical and food service industries in the Middle East and Africa. Besides this, demand in South Asia is expected to increase at an accelerated pace over the forecast period.

Consumer preference for clean label products and ingredients derived from natural sources for their food items will steer growth in the market. The same trend is driving sales of date syrup in nutraceutical and cosmetics industry.

Growing product knowledge has resulted in more awareness in consumers than ever before. Today, consumers are just not satisfied by choosing any food just because its label says “high quality”, but they intend to know its constituents and processing.

For instance, Arat Company Pjs, ensures strict compliance to BRC Grade AA, IFS, ISO 22000 Food Safety, Kosher, ISO 9001:2015, HACCP, ISIRI and Halal and includes nothing but dates and water for processing and producing its high quality dates syrup.

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Key Takeaways from the Date Syrup Market Study:

• Date syrup market is expected to total US$ 630 Mn by 2031.
• The Middle East and Africa (MEA) will emerge as the leading market, accounting for the lion’s share of date syrup sales. FMI has pegged the demand in MEA to grow by 5% CAGR.
• In North America, sales of date syrup will accelerate on account of surging demand from the U.S.
• Within Europe, Germany, France and the U.K. will spearhead sales of date syrup.
• Despite China’s dominance in East Asia, sales of date syrup will increase at a higher rate in Japan and South Korea.

Need for Stable Shelf-life Products Driving the Demand for Date Syrup

Work-centric lifestyles of dominating population has caused a major shift in demand for the type and properties of food products. People today are opting for food items that have extended seasonality, easy application, and multi-purpose for the sole reason of convenience, which these food products offer to the evolving consumers.

This has compelled several leading manufacturers to subsidize research and development to uncover more natural ways to keep food shelf-stable for an extended period of time.

Date syrup is no exception to this. The product itself is insured of seasonality as soon as it is produced. Even the syrup manufacturers with their innovation potentials, have developed syrups that do not even require the application of refrigeration to ensure slow degradation.

For instance, Ratinkhosh Co., provides a minimally processed dates syrup, which comes with a shelf-life of 2 years without the use of any type of preservatives or artificial ingredients.

Who is Winning?

Some of the leading companies offering date syrup are Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, Date Lady, and Others.

Date Syrup Market by Category

By Nature:

• Organic
• Conventional

By End Use:

• Food & Beverage Industry
  • Bakery & Confectionery
  • Dairy & Desserts
  • Snacks & Cereals
  • Beverages
  • Others
• Nutraceuticals
• Cosmetics and Personal Care Industry
• Foodservice Industry
• Retail/ Household
• Others

By Distribution Channel:

• Business to Business
• Business to Consumers
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retail

By Region:

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

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Key Questions Answered in the Report

What is the current date syrup market size?

The date syrup market is expected to total US$ 339 Mn in 2021.

What is the demand outlook for the date syrup market?

The date syrup market is expected to top US$ 630 Mn by 2031, exhibiting growth at 6.4% CAGR between 2021 and 2031.

At what rate did the demand for date syrup grow in the last five years?

The date syrup market registered 4.7% CAGR in terms of value between 2016 and 2020.

What is the North America date syrup market outlook?

The sales of date syrup will grow by 5.8% in North America.

Name some of the leading companies operating in the date syrup market.

1. Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, and Date Lady among others are the leading market players.

What is the Japan and South Korea date syrup market outlook?

The Japan and South Korea date syrup markets are expected to register growth at 9.6% CAGR and 9.2% CAGR, respectively.

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

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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