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According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Plant Based Ingredients are estimated to reach a value of USD 42 billion by 2032, surging at 12.2% CAGR through the decade. 

As people become even more increasingly health – conscious across the world, there is a growing desire for healthier foods. 

Plant-based food firms are projected to experience development prospects over the years, despite supply chain interruptions, panic purchasing, and storage. The vegan ingredients industry has experienced an upsurge in innovation in recent years. As a substitution for vegan components, a variety of alternatives to meat-based products are being studied. The alternatives are made from plant-based proteins, algae, and cellulose flours. 

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During the pandemic’s early stages, consumers are decreasing their time in stores and supermarkets, but they are also stocking up on food and packaged products containing food additives as a possible treatment. 

Key Takeaways from Market Study 

• North America is expected to have 38% Plant Based Ingredients market share. 
• US holds 65 % Plant Based Ingredients market share in North American Market.  
• Europe is expected to have 31 % Plant Based Ingredients market share. 
• Germany holds 22 % Plant Based Ingredients market share in European Market.  

• Asia is expected to have 20 % Plant Based Ingredients market share. 
• China holds 32 % Plant Based Ingredients market share in Asian Market.  
• Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products. 

“ The growing focus on the consumption of plant based products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights. 

Competitive Landscape 

Plant Based Ingredients have a strongly competitive global market. The agro-based enterprises which provide grains are the market’s main players  

Some of the leading companies offering Snack Pellets are  Ingredion Inc. (US), Archer-Daniels-Midland Company (US), DuPont de Nemours, Inc. (US), Cargill Inc. (US), Puris Proteins LLC (US),BI Nutraceuticals, Inc. (US), Olam International (Singapore), SunOpta Inc. (Canada), Dohler GmbH (Germany), The Scoular Company (US), Trader Joe’s, Simply Balanced, Sweet Earth Natural Foods, Lightlife are the major players in the market. 

Get More Valuable Insights 

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

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The study divulges compelling insights on the Plant Based Ingredients Market By Type (Dairy substitutes, Staple food, Specialty food,  Food additives, Nutrients & supplements), By Claim (Non-GMO, GMO, Organic), By Sales Channel (Direct Sales, Specialty Stores, Modern Trade, Convenience Store,  Small Groceries, Online Retail, Other sales Channels), By Buyers Type (Food processors & Manufacturers, Household & Residential., Horeca)

By End-use Application (Food & beverages, Cosmetics & personal care, Nutraceuticals, Agricultural), & Region & Region for 2022 – 2032 and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, APEJ, and MEA). 

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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 egg powder market is set to witness growth at a CAGR of 4.9% and is anticipated to reach a valuation of around USD 2.6 Bn by 2032.  

Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives. 

The growth in protein powder consumption may be attributed to the rising health & wellness trend, with top market players capitalizing in on the rapid expansion of naturally high-protein foods. Leading companies in the industry are competing to grow their revenue streams by leveraging the clean label profile of egg powder. 

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Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals. 

Key Takeaways from Market Study 

• The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period. 
• The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period. 
• North America is inferred to account for 2/5th of the global egg powder consumption  through 2032 
• Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period 

• The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly. 

“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” says a Future Market Insights analyst. 

Competitive Landscape 

Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings. 

This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities. 

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Explore More Valuable Insights 

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

The study offers compelling insights based on type (whole egg, egg white and egg yolk), end use (food & beverages (bakery, confectionery, sauces & dressing and others), personal care & cosmetics, pharma, dietary supplements, animal feed & pet food, HoReCa and others), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)), across seven major regions of the world. 

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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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According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of pea milk are estimated to reach a value of USD 238.5 Mn by 2032, surging at 10.4% CAGR through the decade.

Pea milk is made from dry peas and comes in a variety of flavors including original, unsweetened, vanilla, and chocolate. The product’s cream-like texture and healthy content than other plant-based milk are the primary reasons for consumer preference, which contributes to the growth of the pea milk market in the coming years.

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The increase in the number of vegan and diet-conscious consumers around the world is driving the growth of the pea milk industry. Furthermore, the increased concern about lactose intolerance as a result of a lack of the intestinal enzyme lactase fuels the demand for dairy-free or vegan food products. Plant-based milk products are becoming more popular in both mature and emerging markets.

This is due to an increase in the number of people who are allergic to dairy products. Furthermore, an increase in health awareness and an increase in disposable income have increased the size of the pea milk market. Furthermore, the introduction of new healthy ingredients by various market players contributes significantly to the growth of the pea milk market.

Key Takeaways from Market Study

• The United Kingdom is one of Europe’s most promising markets for pea milk. An increasing proportion of the British population will switch to a vegan, vegetarian, or pescatarian diet by 2022.
• The market for pea milk in the United States is expected to grow rapidly, expanding at a CAGR of nearly 8.2% between 2022 and 2032. The US market is expected to have a market share of 60%.
• With the outbreak of the COVID-19 pandemic, consumers are re-evaluating and changing their drinking and eating habits. The market is expected to grow at a rate of 9.1% from 2022-2023.
• PET bottles, which are primarily used in the packaging of drinking water and beverages, are becoming increasingly popular in the pea milk industry.

• Tetra packs of pea milk are expected to account for 40% of global market demand over the next decade. Sales are being boosted by the high convenience attributed to its lightweight and durability.

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“Pea milk is quickly gaining popularity as a dairy substitute. Pea milk is also a good option for people who are allergic to other plant-based products like Pea, whey, almonds, or nuts,” says a lead analyst at Future Market Insights.

Who is Winning?

Key pea milk manufacturers are emphasizing the penetration of mainstream retail markets by introducing a diverse range of product offerings. In addition, they are focusing on forming alliances with leading players as well as acquisitions.

• Wunda, a new pea-based beverage from Nestlé, is “epic in everything” that milk is used for.

The key players profiled in the report include Sproud, Ripple Foods, Snappea Foods, Devon Garden Foods, Qwrkee, Freedom Foods, Vly Foods, Nestle SA, The Mighty Society, and DrinkStar.

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Get More Valuable Insights

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

The study divulges compelling insights on the pea milk based on Flavor (Original, Unsweetened, Vanilla, and Chocolate), By Packaging Type (Bottles and Aseptic Cartons), By Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, E-commerce, and Others), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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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 Portable Sandwich Marker Market is expected to escalate at a CAGR of 11.6% from USD 797.4 Million in 2022 to USD 2387.2 Million through 2032.

With all cafes, restaurants and retail outlets closed due to the pandemic, the demand for commercial portable sandwich makers  has plummeted. Due to barriers to trade, the supply chain of  portable sandwich maker market has been disrupted.

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Due to the popularity of breakfast sandwiches, which has contributed to the growth of the portable sandwich maker market, there is a growing demand for portable sandwich makers in homes. Several countries have shut down their industries,  causing the production of portable sandwich makers to drop drastically.

In addition, labor mobility is restricted in many places and raw materials are difficult to obtain. A growing number of fast food restaurants, coffee shops and grocery stores across the world are contributing to the growth of the portable sandwich maker market. Portable sandwich makers allow food processors to prepare food quickly, prompting them to buy more of that product.

Several factors are driving the growth of the portable sandwich maker market, including population growth, disposable income, and Western influences on cooking methods.

Rising energy prices, transportation costs, and depreciation increase the cost of portable sandwich makers. This leaves companies fearful of rapidly declining profits, further slowing the growth of the portable sandwich maker market. As products constantly innovate and advanced technologies advance, manufacturers are forced to create new products that meet consumer needs. Top players have created smart portable sandwich makers that are easy to use, and  companies have created products  compatible with connected devices, including smartphones.

Government initiatives are driving the use of energy-efficient appliances and driving consumer demand, leading to the development of portable sandwich makers in a variety of sizes for residential and commercial use.

 KEY FINDINGS:

• The portable sandwich marker market is expected to develop at a CAGR of 11.6% in the solution space.
• The outer segment of the location type category in the market is likely to lead by 2032.• In the United States, the portable sandwich marker market is estimated to remain dominant throughout the forecast period.
• By 2032 the UK market for portable sandwich markers is expected to show high growth.

COMPETITIVE LANDSCAPE:

In recent years, the portable sandwich marker market has developed a competitive advantage. Industry includes Huayu Electrical Appliance Group Co., Ltd., Zhejiang Wisdom Industry and Trade Co. Ltd., Hamilton Beach Brands, Inc., Nostalgia Products, TTK PRESTIGE LIMITED, Cello World, Ningbo Mengte ImportandExport Co., Ltd., Borosil, Morphy Richards, Breville USA and Russell Hobbs (Spectrum Brands, Inc.).

The market for portable sandwich makers is characterized by the presence of a large number of regional manufacturers with different products. In order to meet the demands of different consumers, these companies develop various strategies such as offering cheap and valuable portable sandwich makers.

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LATEST DEVELOPMENT:

Top players have developed smart portable sandwich makers that are easy to use, and  companies have developed products  compatible with connected devices, including smartphones. For example,
A Griffin technology portable sandwich maker  is compatible with mobile devices via Bluetooth, has defrosting options  and has automatic heating. The convenience of smart and portable sandwich makers is expected to be an important factor in consumer behavior.

Government initiatives are driving the use of energy-efficient appliances and driving consumer demand, leading to the development of portable sandwich makers in a variety of sizes for residential and commercial use.

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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 canned salmon market is expected to witness growth at a CAGR of 6.8%, reaching a valuation of US$ 9.2 Bn by 2032.

Manufacturers are using salmon byproducts in a variety of products including pet food, animal feed, and as a fat absorber in the meat and confectionary sectors. These applications aid in reducing waste at the manufacturer’s end and allow for the most efficient use of resources.

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The manufacturers therefore improve the company’s revenue by selling such items that use the available resources created by the production of the company’s core product. Thai Union Group, Pataya Food Industries, Alaska Seafood Company, and other large seafood companies are also involved in the production of pet food.

The canned salmon market is predicted to expand considerably as more players are investing in online retail format to reach out to more customers in accordance with the growing trend of online shopping. The online retail model is handy for consumers, and growing digitalization across emerging economies will augment the growth in the market.

East Asia is expected to witness surge in demand for canned salmons due to less stringent policies in addition to rising population and changes in consumer spending patterns. Owing to these factors, demand for canned salmons is expected to rise in the near future.

“Manufacturers are offering a wide range of flavors and forms of canned salmon, which in turn will augment the growth in the market. In addition to this, rising adoption of sustainable practices for aquaculture will drive sales in the forthcoming years,” says an FMI analyst.  

Key Takeaways:

• Based on source, sales in the farmed fish segment will increase at a 5.6% CAGR over the forecast period.
• In terms of species, demand for pacific species will grow at a 6.9% CAGR through 2032.
• By sales channel, the indirect segment is projected to expand at a 7% CAGR over the forecast period.
• Total sales of canned salmon in the U.S. market will reach a valuation of US$ 775.8 Mn in 2022.
• Thailand will emerge as a lucrative pocket, accounting for 30% of the South Asia canned salmon market share in 2022.

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Competitive Landscape

Key canned salmon producers are working on research and development in order to offer a variety of goods that do not include any chemical additives. To enter untapped market, leading players are partnering and developing new product lines. For instance:

• Thai Union Group plans to launch Plant based products comprising both seafood and non-seafood in Asia Pacific region in 2021.
• Subsidiary of Thai Union Group, John West Foods Ltd. has unveiled a Salmon Fridge Pot in 2021 in a bid to attract younger consumers and make the tinned salmon category more relevant to consumers.

Explore More Valuable Insights

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

The study offers compelling insights based on  Source (Wild and Farmed), By Form (Skinless/ Boneless, Chunks, and Fillets), Category (Smoked Fish- In Oil/ Deep Fried, Smoked Fish- Steamed, and Conventional/ Traditional), Species (Atlantic and Pacific), Sales Channel (Direct Sales and Indirect Sales), & Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

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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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Grain Alcohol Market will Surpass US$ 15.6 Bn through 2022 & Beyond as Application in Beverage Industry Rises According to Future Market Insights (FMI), the global grain alcohol market is expected to witness growth at a CAGR of 4.2%, surpassing US$ 22.2 Bn during the forecast period (2022-2032).

Distilling fermented grain yields grain alcohol and it’s made from a fermented blend of corn, sugar, yeast, and water. However, in addition to corn, other grains such as wheat and rye are used by the manufacturers. Grain alcohol is produced by fermenting carbohydrates in the grain with yeast. The ethanol is then distilled several times to make grain alcohol.

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Application of grain alcohol is rising due to changing lifestyles and rising middle-class population and disposable budgets. These undeveloped markets offer a large supply of low-cost labor, cutting-edge technology, and relatively lax rules on the usage of food-grade alcohol.

Sugarcane, cereals, corn, and other fruits and vegetables are abundant natural sources of grain alcohol, especially in African, Asian, and Latin American countries.

Key Takeaways from Market Study

• The grain alcohol market is expected to expand at CAGR of 4.2% over the forecast period.
• Among the source, corn is dominating the segment holding around 41.6% of the revenue and it is expected to grow with CAGR of 2.6% over the forecasted period.
• Among the functionality segment, disinfectant segment is expected to dominate the application segment holding more than 31.2% revenue share and it is expected to grow with around 2.3% CAGR over the forecast period.
• Ethanol is dominating the type segment holding around 46.7% in 2022 and it is expected to grow with CAGR of 3.7% over the forecasted period.

“Grain alcohol sales are expected to increase across the globe due to varied application like disinfectant, personal care products, health care, and beverages. Hence, manufacturers are focusing on developing attractive products to cater to the growing demand.” says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of grain alcohol market are majorly focusing on research & development in order to develop innovative and unique product offering. In addition to this these key players in the grain alcohol market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.

• In January 2021 MGP Ingredients, Inc. signed a definitive agreement to buy Luxco and its subsidiary firms. Luxco is a renowned branded beverage and alcoholic beverage firm with an extensive product portfolio. MGP Ingredients plans to expand its scale and market position in the branded-spirits sector as a result of the Luxco purchase.

Explore More Valuable Insights

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

The study offers compelling insights based on source (Corn, Fermented plant materials, Grains, Grapes, Sugarcane, Sugar beets, Tubers), by Application (Beverage, Food, Pharmaceutical, Health Care and Personal Care), by Functionality (Preservative, Solvent, Disinfectant, Antiseptic) by Type (Ethanol and Polyols) across seven major regions of the world.

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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 gelatin market is set to observe growth at a CAGR of 5.8%, exceeding US$ 5,278.4 Mn by 2032.  Water as well as aqueous polyhydric alcohols are almost solely used as solvents in gelatin compositions for confectionery and dessert food products. Gelatin’s protective colloid feature inhibits ice and sugar crystallization in milk products and frozen meals.

Increasing application of gelatin due to its viscosity qualities will propel the demand in the food & beverage industry. Gelatin prevents water separation in sour cream or cottage cheese, and is used in marshmallows to prevent sugar crystallization.

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It also maintains soft and flexible nature of marshmallow , enhancing the viscosity and stabilizing foam during the manufacturing process. According to the study, gelatin can be found in up to 1% of chewable tablets, crackers, and candy coatings.

Hence, the use of gelatin in the production of soft, chewy candies will increase the sales in the global gelatin market. Further, for reduced-fat margarine products, gelatin is used as an emulsifier and extender.

However, in the U.S., edible gelatin is most commonly used to make gelatin desserts at concentrations of 1.5–2.5%. Hence, gelatin is available pre-mixed with sugar and flavorings or unflavored gelatin packets for this purpose. As per FMI, type A gelatin is the most common type of edible gelatin, thereby, fueling the use in food & beverage industry.

Key Takeaways from Market Study

• The gelatin market is estimated to expand at CAGRs of 5.8% over the forecast period
• Europe gelatin market is expected to hold around 27% of value share in 2022.
• Among the type segment of the gelatin market, type B will witness significant growth during the assessment period
• North America is expected to dominate the gelatin market and is anticipated to grow with a CAGR of 5.2% over the forecasted period.
• Porcine source is leading source segment, whereas food and beverages is leading end-use application segment.

Competitive Landscape.

Sterling Biotech Limited, Gelita AG, Darling Ingredients Inc., India Gelatine & Chemicals, Nitta Gelatin Inc., Tessenderlo Group, Sterling Gelatin, PB Gelatins GmbH, Junca Gelatines S.L, Trobas Gelatine BV, Weishardt Holding San are key players in gelatin market

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Gelatin Market by Category

By Type:

• Type A
• Type B

By Nature:

• Conventional
• Organic

By End-Use Application:

• Protein Bars and Powder
  • Food & Beverage
  • Confectionery
  • Dairy Products
  • Meat & Poultry Products
  • Desserts
  • Beverage
  • Others
• Personal Care
• Pharmaceutical
• Nutraceutical
• Photography
• Others

By Source:

• Bovine
• Porcine
• Chicken
• Marine

By Functionality:

• Stabilizer
• Thickener
• Gelling Agent

By Region:

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

Key Questions Answered in the Report

• How big is the Gelatin Market?
• What is the North America Gelatin Market Outlook?
• At What Rate Will Gelatin Demand Grow in Europe?
• Which Are the Key Countries Shaping the Gelatin Market?

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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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