Market Research Blog – Page 1172 – New Product Development

Korean Dietary Supplements Market Projected Growth to USD 4.18 Billion by 2033, Driven by a 10.4% CAGR

The Korean dietary supplements market is experiencing robust growth, with a projected compound annual growth rate (CAGR) of 10.4% from 2023 to 2033. According to the latest report by Future Market Insights, the market is estimated to be valued at USD 1,561.41 million in 2023 and is expected to soar to USD 4,181.92 million by the end of the forecast period. This significant growth highlights the increasing demand for dietary supplements driven by health consciousness, technological advancements, and evolving consumer preferences.

Growing Health Awareness and Diverse Product Demand

The South Korean market for dietary supplements is witnessing a surge in demand, fueled by a growing awareness of health and wellness. Key trends shaping this market include the increasing popularity of red ginseng, probiotic supplements, vitamins, and collagen products. The convenience and health benefits offered by these supplements have captivated the Korean population, making them an integral part of daily health regimes.

E-commerce: A Catalyst for Market Growth

The rise of e-commerce has revolutionized the dietary supplements market in Korea. A significant portion of the population is now opting for online shopping to purchase their dietary supplements, enhancing accessibility and convenience. This shift has opened new avenues for both local and international brands to reach a broader consumer base effectively.

Key Drivers of Market Expansion

Rising Disposable Income Among Youth: The affluent young generation in Korea is increasingly investing in their health and appearance, boosting the sales of dietary supplements. This demographic’s willingness to spend on health and wellness products is a critical driver of market growth.
Emergence of Fitness Trends: As fitness becomes a mainstream lifestyle choice, there is a notable shift towards plant-based dietary supplements. This trend is gaining momentum, with more consumers opting for products that align with their fitness and health goals.
Government Regulation Enhancing Consumer Confidence: The Korean government’s stringent regulations on dietary supplements have significantly reduced the prevalence of counterfeit products. These measures have bolstered consumer trust and assured the quality and authenticity of supplements available in the market.
Rising Popularity of Sports Nutrition: With sports such as football, badminton, and skating gaining popularity, sports nutrition supplements are witnessing increased consumption. These supplements are designed to enhance athletic performance and recovery, further driving market growth.
Growing Pet Ownership: The pet population in Korea has nearly doubled over the past decade. This surge in pet ownership presents substantial opportunities for the pet dietary supplements segment, catering to the health and wellness needs of pets.

Browse full Report: https//www.futuremarketinsights.com/reports/demand-and-trends-analysis-of-dietary-supplements-in-korea

Competitive Landscape and Key Players

The South Korean dietary supplements market is highly competitive, with a diverse array of local and international players. Notable companies driving innovation and growth in this sector include:

Korea Ginseng Corporation
ChongKunDang Healthcare
Dong-A Pharmaceutical
Kolmar Korea
Nongshim Health
Il-Yang Pharm
Pulmuone Health & Living
Amway Korea
GNC Korea
Viva Health
USANA Health Sciences
Kyani
DSM Nutritional Products
NOVAREX
Cellromax
Biovea
Nestlé
GlaxoSmithKline

Recent Industry Developments

In August 2023, Hyundai Department Store partnered with Nestlé to introduce Nestlé’s dietary supplements in Korea, exploring joint production opportunities. Additionally, TSI Group’s myHMB product received approval from the Korean Ministry of Food and Drug Safety (MFDS) in October 2023, enabling TSI Group to highlight the health benefits of myHMB in its dietary supplements.

Key Segments

By Form:

Soft Gel or Capsules
- Confectionary Products
  - Gummies
  - Chews
  - Others
- Pharmaceutical Products
  - Chewable Pills and Pills
  - Soft Gel
Powder
Liquid

By Ingredient:

Vitamins & Minerals
Amino Acids
Botanical Supplements
Others

By End Use:

Men
Women
Senior Citizen
Others

By Application:

Weight Loss
Sports Nutrients
General Well Being
Immune Health and Digestive Health
Bone and Joint Health
Heart Health
Others

By Distribution Channel:

Pharmacies Drug Store
Health & Beauty Stores
Immune Health and Digestive Health
Bone and Joint Health
Heart Health
Other

By Province:

South Gyeongsang
North Jeolla
South Jeolla
Jeju

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Frozen Food Market Forecast Expected to Grow to USD 638.6 Billion by 2034 with a 5.7% CAGR

According to Future Market Insights (FMI), the frozen food market is projected to increase from US$ 365.2 billion in 2024 to US$ 638.6 billion by 2034. The market is projected to surge at a CAGR of 5.7% from 2024 to 2034.

Due to their convenience of preparation and single-serving alternatives, frozen foods are becoming increasingly popular among consumers, particularly among millennials. The growing emphasis among consumers on adopting healthy eating habits is driving the demand for frozen foods.

The market for frozen meals is driven by the increasing number of dual-income homes and rising urbanization. These factors are resulting in busier lives and a need for quick & easy meal alternatives, which frozen foods provide.

Supermarkets and hypermarkets, two contemporary retail formats that have increased accessibility to a greater range of frozen food goods, are the primary drivers of the frozen food sector. As customer tastes change, producers respond by consistently releasing new and inventive frozen food items, such as gourmet selections and exotic cuisines, leading to the rise of the frozen food business.

Key Takeaways from the Report:

The global frozen food market is projected to reach US$ 638.6 billion in 2034.
The market is anticipated to surge at a CAGR of 5.7% from 2024 to 2034.
The United States is projected to expand at a CAGR of around 4.9% by 2034.
Frozen food demand in China is anticipated to rise at a steady CAGR of 4.2% during the forecast period.
Based on product type, the frozen fish and seafood segment is predicted to surge at 4.0% CAGR by 2034.

“Consumer demand for nutritious, organic, and clean-ready meals is rising as a result of their growing appreciation for food that serves a practical purpose in addition to pleasure. Customers are carefully picking their frozen foods to prevent negative health effects due to increased health knowledge and worries about food safety,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Browse full Report: https//www.futuremarketinsights.com/reports/frozen-food-market

Competitive Landscape

Leading companies are seeking strategic collaborations & alliances with other producers to increase efficiency and satisfy the surging number of consumers. Key manufacturers in this industry, with their sizable customer bases, well-known brands, and extensive distribution networks, present fierce competition for the market’s participants.

To remain competitive, companies are adapting serval growth tactics into practice, including alliances and introducing new products.

Recent Development

In March 2021, Nomad Foods acquired Fortenova’s frozen food business.
In January 2021, Imperial Tobacco Company of India Limited (ITC) added ten new items and tripled the size of its frozen snack business.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global frozen food market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the frozen food market based on freezing technique (blast freezing, belt freezing, individual quick freezing), product type (frozen ready meals, frozen fish & seafood, frozen meat products, frozen dairy products, frozen fruits & vegetables, frozen bakery products, frozen soups & sauces), distribution channel (food service industry, retail/household), and region.

Vegan Vitamins and Supplements Market to Surge to USD 12.63 Billion by 2033, Growing at a 6.10% CAGR

According to the latest research by Future Market Insights, the global vegan vitamins and supplements market demand is set to experience substantial growth, expanding at a CAGR of 6.10% from 2023 to 2033. This growth trajectory is forecasted to propel the market value from USD 6,986.1 million in 2023 to an impressive USD 12,629.6 million by 2033. This burgeoning market presents a fertile ground for investors to explore opportunities in the rapidly expanding health and wellness sector.

Market Dynamics and Growth Drivers

The increasing adoption of vegan diets, fueled by rising health consciousness and ethical considerations, is a primary driver behind the growth of the vegan vitamins and supplements market. Consumers are increasingly seeking plant-based alternatives to traditional vitamins and supplements, recognizing the health benefits of natural, cruelty-free products. Social media platforms and online communities play a significant role in promoting vegan lifestyles, making vegan vitamins and supplements more mainstream and accessible.

Competitive Landscape

The vegan vitamins and supplements market is characterized by intense competition, with key players continuously innovating to capture market share. Prominent companies such as VegLife, DuPont, Jarrow Formulas, Solgar Inc, DEVA, VitaminEnergy, NOW Foods, Natrol®, Garden of Life, Pure Encapsulations, Vitacost, HTC Health, Orgenetics, and Ora Organic are leading the charge. These companies are actively engaged in product launches, acquisitions, and collaborations to enhance their product portfolios and strengthen their market positions.

Browse full Report: https//www.futuremarketinsights.com/reports/vegan-vitamins-and-supplements-market

Regional Insights

North America holds the largest market share, driven by a high number of health-conscious consumers and the growing trend of plant-based diets. The region’s demand for vegan vitamins and supplements is bolstered by increasing awareness of the health benefits associated with plant-based nutrition. The North American market is projected to continue its growth momentum, with a strong focus on product innovation and consumer education.

Europe presents a thriving market for vegan vitamins and supplements, with consumers increasingly favoring health-conscious and cruelty-free products. The region’s stringent regulations on animal testing and a growing preference for natural remedies make it an attractive market for vegan supplements. European consumers’ awareness of health and wellness is driving the demand for vegan alternatives, creating significant growth opportunities for manufacturers.

The Asia Pacific region is emerging as a key growth area for vegan vitamins and supplements, driven by the increasing popularity of sustainable living and health-conscious lifestyles. The region’s rapidly growing population and rising awareness of health and environmental issues are fueling the demand for plant-based supplements. This trend presents substantial opportunities for market players to expand their reach and innovate to meet the evolving consumer preferences.

Historical vs. Future Outlook

From 2018 to 2022, the vegan vitamins and supplements market grew at a CAGR of 4.60%, reaching USD 6,678.9 million in 2022 from USD 5,579.3 million in 2018. The forecast period from 2023 to 2033 anticipates continued growth at a CAGR of 6.10%, highlighting the robust demand and market potential for vegan vitamins and supplements.

Market Segmentation and Opportunities

By Form: The market is segmented into soft-gels, capsules, liquids, tablets, and powder & granules, with each form catering to different consumer preferences and convenience.
By Nature: Products are available in synthetic and organic forms, with organic products gaining popularity for their perceived health benefits and sustainability.
By Distribution Channel: The market is segmented by distribution channels, including store-based retail, specialty stores, online retail, supermarkets, and hypermarkets. Online retail is emerging as a key channel, driven by the convenience of shopping from home and the growing trend of e-commerce.

Secure Your Copy Now: Gain full access to the Vegan Vitamins and Supplements Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

About Future Market Insights (FMI)

Cultured Wheat Flour Market Set for Robust Growth Projected to USD 137.2 Million by 2033 at an 8.8% CAGR

In 2023, the global cultured wheat flour industry is estimated to acquire US$ 58.6 million. Changing preferences toward wellness and health is expected to aid growth in the market. It is anticipated to cross a value of US$ 137.2 million by 2033. It is likely to garner a CAGR of 8.8% during the forecast period from 2023 to 2033.

The global food sector is evolving with changing customer needs. In the global food & beverage sector, demand for natural and organic products has registered a key growth rate over the last decade. It has further compelled manufacturers to incorporate natural and organic ingredients in their end products.

Shelf life is one of the leading concerns among baked goods manufacturers as these biological compounds are prone to auto-oxidation. These are also capable of generating free radicals, thereby leading to spoilage and rancidity.

Cultured wheat flour is hence recognized as a potential substitute for synthetic preservatives. These are extensively used to extend the shelf life of various food products.

Increasing veganism is further benefiting the cultured wheat flour industry. Apart from this, it is the best substitute for current industrial petrochemical-based calcium propionate preservatives. It helps in protecting the environment against harmful chemicals. For vegans and those who choose not to eat dairy or eggs, cultured wheat flour plays a vital role in providing the daily allowance of this nutrient.

Key Takeaways from the Cultured Wheat Flour Market Report:

During the historical period from 2018 to 2022, the global cultured wheat flour industry experienced considerable growth at a CAGR of 2%.
China cultured wheat flour industry is expected to reach a size of US$ 12.2 million by 2033.
The United States cultured wheat flour industry is anticipated to attain a CAGR of 2% in the assessment period.
The United Kingdom cultured wheat flour industry is projected to expand at a decent CAGR of 5% in the next ten years.
Based on nature, the organic segment is predicted to be valued at US$ 39.8 million in 2033.

“Food intolerances and allergies have also increased in frequency, and for a few people, wheat is a common allergen or sensitivity trigger. People who are sensitive to gluten or have a wheat allergy might choose to replace cultured wheat flour in their diets instead. It is projected to open door to new opportunities in the forecast period.” – says a lead analyst at Future Market Insights (FMI).

Who is Winning?

Mezzoni Foods, J&K Ingredients, Inc., IFF Nutrition & Biosciences, Cain Food Industries, Glanbia Plc, Norman, Fox & Company, AB Mauri Food Inc., Prathista Industries Limited, Jiangsu Boli Bioproducts Co., Ltd., Limagrain – Ingrédients, Norman, Fox & Company, and Limagrain Ingredients are few leading players operating in the market.

Brands of cultured wheat flour would concentrate on utilizing eye-catching and educational packaging to draw in customers and convey the benefits of their products. Consumers might make informed selections about what products to buy if there is clear labeling highlighting the special features or advantages of cultured wheat flour.

Other businesses are working together with eateries, cafes, and food service providers to include their products on menus. They can spread awareness of the advantages of cultured wheat flour to a wider audience and spur strong demand among restaurants. They might soon deliver inventive dishes or baked products produced with the grain.

For instance,

In 2020, CORE Industrial Partners LLC, a Chicago-based private equity firm, acquired J&K Ingredients Corp., a New Jersey-based processor of baked food goods. Most of the company’s product line is made up of organic, natural, and clean-label goods.

Browse full Report: https//www.futuremarketinsights.com/reports/cultured-wheat-flour-market

Get More Valuable Insights into Cultured Wheat Flour Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global cultured wheat flour market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

Cultured wheat flour industry is segmented by nature (organic and conventional), end use (bakery, confectionery, cheese, dairy products, salad dressings, processed meat, dips, spreads and sauces, and pet food), and regions.

About Future Market Insights (FMI)

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Ready-to-Eat Cups Market Expected Growth to USD 669.6 Million by 2033, with a 4.0% CAGR

The global ready-to-eat cups marketis brimming with potential, projected to reach a value of US$ 669.6 million by 2033. This translates to a compelling CAGR (Compound Annual Growth Rate) of 4.0%, signifying a steady and promising growth trajectory for businesses in the B2B (Business-to-Business) space. This report dives into the key trends, drivers, and investment opportunities shaping this dynamic market.

The ready-to-eat cups market caters to the ever-growing demand for convenient and portable meal solutions. These single-serve cups offer a wide variety of options, from breakfast yogurt parfaits and fruit cups to noodle bowls and microwaveable meals. This versatility, coupled with the time-crunched lifestyles of today’s consumers, is propelling the market forward.

Several factors are fueling the demand for ready-to-eat cups, presenting B2B investors with a multitude of opportunities:

Health and Wellness Focus: Consumers are increasingly seeking healthy and functional food options. Manufacturers are responding with ready-to-eat cups featuring organic ingredients, plant-based proteins, and superfoods, creating a lucrative niche for B2B investors focused on health-conscious consumers.
Global Flavors and Innovation: The market is witnessing a surge in exciting new flavors and cuisines being incorporated into ready-to-eat cups. Ethnic options like Asian-inspired noodle bowls and Mediterranean salads are gaining traction, catering to a more adventurous palate. B2B investors can capitalize on this trend by supporting companies developing innovative and flavorful cup concepts.
Plant-Based Revolution: The rise of vegan and vegetarian diets is creating a significant demand for plant-based ready-to-eat cups. B2B investors can partner with manufacturers specializing in plant-based ingredients and protein alternatives to cater to this growing segment.

Beyond the core demand drivers, several exciting growth factors are expanding the market’s potential for B2B investors:

Packaging Innovation: Manufacturers are constantly innovating in packaging technology to enhance product freshness, extend shelf life, and improve convenience. B2B investors can support companies developing sustainable and microwave-safe packaging solutions.
Snacking on the Go: Ready-to-eat cups transcend traditional meals, encompassing convenient snack options like yogurt cups, granola parfaits, and fruit cups. This diversification opens doors for B2B investors in the snacking and impulse purchase sectors.
E-commerce Boom: The rise of e-commerce platforms is creating new avenues for ready-to-eat cup sales. B2B investors can support manufacturers in developing strong online presences and building strategic partnerships with e-commerce giants.

For instance:

In May 2023, Pasta Noodles Co. declared that it is setting itself apart in the RTE sector by leveraging rapid-cook technology. This innovative approach allows for significantly reduced cooking times, providing consumers with a quick and convenient meal solution. By implementing rapid-cook technology, Pasta Noodles Co. aims to meet the growing demand for RTE options. These would offer both speed and quality, appealing to busy individuals seeking a hassle-free dining experience.
In September 2022, Pacific Foods embraced the arrival of autumn by introducing a range of new products in the form of organic canned ready-to-serve soups and plant-based chilis. These additions to the company’s lineup cater to growing demand for convenient and wholesome meal options. These feature organic ingredients and delicious flavors to satisfy rising preferences.

Key Companies Profiled

Campbells Soup Company
General Mills
The Kraft Heinz Company
RIVIANA FOODS INC.
Bob’s Red Mill
Pepsico
B&G Foods, Inc.
Conagra Brands
Nestlé
Modern Oats
Hain Celestial
Pasta Berruto
Chas E. Ramson Limited
Barilla Group
Dr. McDougall’s Right Foods

Ready-To-Eat Cups Market Outlook by Category

By Product Type:

Soup
Pasta
Rice
Oatmeal

By Nature:

Organic
Conventional

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Food Stores
- Discount Stores
- Traditional Grocery Retailers
Online Retailers

By Region:

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

Browse full Report: https//www.futuremarketinsights.com/reports/ready-to-eat-cups-market

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rice-Based Products Market to Reach USD 379.86 Billion by 2033 Expanding at a 6.1% CAGR

The demand for rice-based products is anticipated to expand its roots at an average CAGR of 6.1% between 2023 and 2033. The market is expected to cross a market share of US$ 379.86 billion by 2033 while it is likely to be valued at US$ 210.12 billion in 2023

The restoration of the food and beverages industry along with the expansion of packaged food and ready-to-eat food items is flourishing the market growth. Furthermore, the search for authentic Asian rice cakes and rice ramen is transforming marketing tactics.
The penetration of Chinese or Asian restaurants in the Western part of the world along with Europe adopting multi-cuisine café culture is anticipated to fuel the market growth. Alongside this, the food delivery companies introducing rice ramen meal bowls are flourishing in the market.
New companies are mixing rice with other grains like maize and corn to make the food more nutritional and easy to digest. Thus, the other market elements are flourishing in the overall demand for rice-based products.
Different authenticity tags along with vegan and organic tags are helping products find their potential consumer base. Furthermore, the addition of packaged rice ramen with added flavor is likely to transform the market during the forecast period.

Browse full Report: https//www.futuremarketinsights.com/reports/rice-based-products-market

Key Points

The United States market leads the rice-based products market in terms of market share in North America. The growth in this region is promoted by new Asian restaurants, the craze for multi-cuisine foods, and the higher migration of Asians into the food culture.
The United Kingdom rice-based products market is another significant market from the European region. Europe with high tourist footfall welcomes visitors with its multi-cuisine restaurants.
The Chinese rice-based products market is anticipated to thrive at a healthy CAGR during the forecast period. The growth is attributed to it being the home of these food products.
Asia Pacific region leads the market as it held a share of 35% in 2022. The Asia Pacific region thrives at a CAGR of 6.6% between 2023 and 2033
The rice noodles product type segment is leading the segment as it held a market share of 30% in 2022. It’s due to its higher consumption and ready-to-eat byproducts.
Based on the distribution channel, the supermarket/hypermarket segment leads as it held a global share of 50% in 2022.

The key vendors work on delivering high authenticity, better packaging, and enhanced taste & texture. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Developments

Ottogi Corporation, a South Korea-based food manufacturer introduced a new range of rice-based products. The products include rice ramen with added flavors, rice-based plain noodles, and classic/authentic rice cakes.
Ricegrowers Limited has launched their authentic and organic rice cake that is available for shipping and comes in different pouch sizes.

Key Players

Thai President Foods Public Company Limited.

Nona Lim, LLC.

Lotus Foods Inc.

Annie Chun’s, Inc.

Element Snacks

The Quaker Oats Company

Ricegrowers Limited

KAMEDA SEIKA CO., LTD.

Secure Your Copy Now: Gain full access to the Rice-based Products Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Rice-based Products Market: Segmentation

Product Outlook:

Rice Snacks
Rice Noodles
Rice Puddings
Rice Cakes
Rice Balls
Others

Distribution Channel Outlook:

Supermarkets/Hypermarkets
Online
Others

Type Outlook:

Conventional
Organic

Key Regions Covered:

North America
- The United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- The United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Rest of the MEA

About Future Market Insights (FMI)

B2B Sports Nutrition Market Hits to USD 8.25 Billion by 2033, Growing at a 7.35% CAGR

The demand for B2B sports nutrition is valued at US$ 4.06 billion in 2023. By 2033, it is projected to surpass US$ 8.25 billion, evolving at a CAGR of 7.35%.

The demand for nutrition products among athletes and recreational instructors makes it critical indicators powering the B2B sports nutrition business. Due to rising consumer preference for a fit and healthy lifestyle, there has been an upsurge in gyms and fitness centers.

Growth Catalysts

The B2B sports nutrition industry may expand as the expanding consumer base, which includes people who want healthy lifestyles but aren’t athletes or bodybuilders. Numerous customers who use sports nutrition products to meet their daily nutritional needs rather than for physical activity may rise over the projection period.

Sports nutrition items are predicted to be freely accessible owing to the expanding retail channel, supporting B2B sports nutrition market growth.

Customers made online purchases from American retailers for US$ 601.75 billion in 2019, up 14.9% from US$ 523.64 billion in 2018. The United States Department of Commerce provided this information.

The expansion of the retail channel is anticipated to strengthen the B2B sports nutrition industry.

Commodities Prices Have Soared Substantially

High material prices, weak economic conditions, and a lack of suitable insurance systems all impede global adoption of B2B sports nutrition solutions. As a result, developing new low-cost solutions and strengthening market penetration efforts in these areas may present appealing growth prospects for B2B sports nutrition manufacturers.

With an Eye on Asia Pacific

Due to the changing lifestyles of Asians sports nutrition food to hold the remarkable B2B sports nutrition market share. As a result, consumer participation in sports is a main determinant of the sports nutrition sector. The growing snacking habit among the country’s health-conscious consumers increases demand for sports nutrition, notably energy and protein bars.

Looking Toward on Europe

European B2B sports nutrition market to have the maximum CAGR owing to the region’s growing awareness of the need of maintaining a healthy lifestyle. The expanding number of athletes and sports enthusiasts in Europe is pushing up B2B sports nutrition demand.

Demand for creative, novel, and proven compounds that aid in endurance and muscle building is projected to stimulate demand for sports nutrition products in Europe. Online sales channels are being established to provide consumers with greater accessibility and feasibility, which might significantly fuel the regional market

Pivotal Insights

In 2023, North America accounted for more than 63% of total sales.
The quicker CAGR is anticipated for the Europe region between 2023 and 2033.
By application, the recovery category dominated the market in 2023, accounting for a revenue share of around 25%.
The gym sector generated a record market share by distribution channel of about 69% in 2023.

Browse full Report: https//www.futuremarketinsights.com/reports/b2b-sports-nutrition-market

Market Participants of Prominence

Abbott, PepsiCo, Glanbia Plc, Herbalife International of America, Inc., The Hut Group, Iovate Health Sciences, Cardiff B2B Sports Nutrition Limited, MUSCLEPHARM, The Bountiful Company, General Nutrition Centers, Inc., Post Holdings, Inc., Clif Bar & Company, and Science in Sport make up the prominent stakeholders profiled in the B2B sports nutrition market.

To increase market dominance, essential B2B sports nutrition manufacturers are implementing business tactics such as various product offers, collaborations and agreements, and new product launches. Almost all of the B2B sports nutrition manufacturers have lately announced new items to expand their product line.

Prominent Advancements

Acquisition

Abbott and Cardiovascular Systems, Inc signed a definitive agreement in February 2023 for Abbott to purchase CSI, a medical device firm with a revolutionary atherectomy system utilised in the treatment of peripheral and coronary artery disease.
Glanbia Co-op approves acquisition of 40% stake in Glanbia Ireland in December 2021.
In October 2018, the global nutrition firm agreed to purchase SlimFast and other brands from the owners of KSF Holdings LLP and HNS Intermediate Corporation for $350 million.

Announcement

Abbott today announced FDA clearance of the company’s EternaTM spinal cord stimulation (SCS) device, the smallest implantable, rechargeable spinal cord stimulator currently available on the market for the treatment of chronic pain, in December 2022.

Secure Your Copy Now: Gain full access to the Business-to-Business Sports Nutrition Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Key Segments

Business-to-Business Sports Nutrition by Application:

Endurance
Strength Training
Muscle Growth
Recovery
Energy
Weight Management
Immunity Enhancement
Cognitive Repairment

Business-to-Business Sports Nutrition by Distribution Channel:

Gyms
Fitness Studio
Sports Academies

Business-to-Business Sports Nutrition by Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

About Future Market Insights (FMI)

Microbial Protein in Feed Market to Surge From USD 159 Million in 2023 to Over USD 564 Million by 2033, Driven by a 13.5% CAGR

In 2023, the demand for microbial protein used in feed is expected to be worth US$ 159.0 million. Sales of microbial protein used in feed are projected to increase at a CAGR of 13.5% and reach US$ 564.1 million by 2033.

The microbial protein used in feed industry has been experiencing significant growth due to several drivers. One of the key drivers is the growing demand for high-quality animal protein sources globally. In addition, the increasing concerns regarding the environmental impact of traditional protein sources such as soybean and fishmeal have led to a shift towards microbial protein as a more sustainable alternative. Furthermore, advancements in fermentation technology have made it easier to produce microbial protein at a lower cost, further driving demand.

The industry is not without its restraints. One of the key challenges is the lack of awareness and understanding of microbial protein among farmers and animal feed manufacturers. Moreover, the high cost of microbial protein compared to traditional protein sources is hindering its adoption. In addition, the stringent regulations surrounding the use of microbial protein in animal feed are limiting its growth potential.

Despite these challenges, there are several opportunities for growth in the microbial protein used in feed industry. The increasing investments in research and development by key players to enhance microbial protein production and reduce its cost is expected to drive growth. Furthermore, the rising demand for plant-based protein sources in animal feed is expected to create new opportunities for the industry.

The latest trend in the industry is the adoption of precision feeding technology, which allows for the precise and accurate feeding of animals based on their specific nutritional needs. This trend is driving demand for high-quality protein sources such as microbial protein. In addition, the increasing use of automation and digital technologies in animal husbandry is expected to create new opportunities for the industry.

Key Takeaways from the Microbial Protein Used in Feed Market:

In 2023, the United States is predicted to hold a 37% share of the global microbial protein used in feed industry.
Germany’s microbial protein used in the feed industry registered 23% of the global market in 2022.
In 2022, Chinese microbial protein utilized in the feed industry accounted for 29% of the global market.
Japan’s microbial protein used in the feed industry accounted for 11% of the market in 2022.
In 2023, the poultry segment is estimated to have a market share of roughly 49%.
In 2023, the bacteria segment is estimated to account for around 61% of the market.

Browse full Report: https//www.futuremarketinsights.com/reports/microbial-protein-used-in-feed-market

A Look at the Key Players in the Microbial Protein Used in Feed Industry

The microbial protein used in feed industry is highly competitive, with several players vying for market share. Some key players in the industry include Archer Daniels Midland Company, Cargill, Novozymes, DuPont, and Chr. Hansen Holding A/S, among others. These companies are actively engaged in product development, research and development, and strategic partnerships to stay competitive in the market.

One of the key challenges faced by companies in the microbial protein used in feed industry is the high cost of production, which can be a significant barrier to entry for new players. Additionally, regulatory hurdles and compliance requirements can add to the cost of production, further increasing the barrier to entry. However, the growing demand for sustainable and eco-friendly protein sources is expected to drive investment and innovation in the industry, creating opportunities for new entrants.

In terms of investment opportunities, the microbial protein used in feed industry offers significant potential for growth and profitability. Increasing demand for animal protein, coupled with the need for sustainable and eco-friendly protein sources, is expected to drive the growth of the industry in the coming years. Moreover, the adoption of advanced technologies such as fermentation and genetic engineering is expected to improve the efficiency and cost-effectiveness of production, further fueling the growth of the industry.

Recent Developments in the Market:

The France Relance investment program invested US$ 13.50 million in Arbiom in February 2022. Arbiom is a French-American maker of high-quality proteins for animal feed and culinary uses by processing agricultural waste and wood waste.
To launch their first industrial-scale manufacturing plant in Chongqing, China, and produce 20,000 tonnes of FeedKind, a microbial protein for aquafeed yearly, Calysta Inc. and Adisseo created a joint venture (JV) called ‘Calysseo’ in June 2022.

Key Players in the Microbial Protein Used in Feed Industry

Archer Daniels Midland Company
Cargill, Inc.
Novozymes A/S
DuPont
Lesaffre Group
Evonik Industries AG
Koninklijke DSM N.V.
Hansen Holding A/S
Lallemand Inc.
Calysta, Inc.

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Global Microbial Protein Used in Feed Market by Category

By Application:

Poultry
Ruminants
Aquaculture
Others

By Source:

Bacteria
Yeast
Others

By Region:

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

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UK Interesterified Fats Market Growth Outlook Projected 4.5% CAGR Driving Value to USD 322.4 Million by 2033

United Kingdom Interesterified Fats Market

During the projected period, the United Kingdom interesterified fats industry is expected to grow at a CAGR of 4.5%. The market value is projected to increase from US$ 207.3 million in 2023 to US$ 322.4 million by 2033.

The historical estimation of this market was valued at US$ 199.4 million by the end of 2022 and is estimated to exhibit CAGR growth of 3.3% in 2018 to 2022.

Rising demand for reduced trans fat products across the world is a key factor driving the interesterified fats industry forward. Interesterified fats have gained immense traction across the food processing industry as they are being increasingly used as a substitute for conventional fats that are unhealthy for human health.

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Consuming food items containing trans-fatty acids produced during the industrial partial hydrogenation process has detrimental cardiovascular health consequences.

In several nations, this has resulted in voluntary government measures and initiatives to reduce the so-called “industrial” trans-fatty acids in food products. This is creating a conducive environment for the expansion of United Kingdom Intersterified Fats Market.

As a substitute for hydrogenation, interesterification of fats is being used more frequently to create the shortening and margarine bases. Food manufacturing companies are putting efforts to reduce the trans fat content in their products. This in turn is propelling demand for interesterified fats worldwide.

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% to 20%.

The rapidly expanding usage of UK interesterified fats in pharmaceutical and cosmetics & personal care industries is another factor fueling expansion of this industry.

Key Takeaways from the Report:

Global sales of interesterified fats are forecast to rise at 5.9% CAGR during the assessment period, totaling a valuation of US$ 4,486.2 million in 2023.
In terms of interesterification process, the enzymatic segment is projected to expand at 6.2% CAGR through 2033
By end use application, food processing segment is likely to accelerate at 4.1% CAGR during the assessment period.
Interesterified fats demand across India is forecast to surge at 5.7% between 2023 and 2033.
The United States interesterified fats market is projected to progress at a CAGR of 4.5% between 2023 and 2033, attaining a valuation of US$ 1,494.2 million by 2033.
China’s interesterified fats market is likely to exhibit a CAGR of 5.4% throughout the projection period.

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Competitive Landscape: The United Kingdom Interesterfied Market

Earlier product portfolios were less diverse, but as time has passed and product demand has increased, major players are focussing on new product formation.

Companies like Cargill Incorporated, Archer Daniels Midland Company, and others are starting to broaden their product range and increase their market reach.

Further, they are adopting strategies such as mergers, acquisitions, partnerships, facility expansions, and collaborations, and firming up distribution channels to expand their global footprint.

For instance

In March 2022, AAK, a leading provider of specialty vegetable oils and fats, announced the launch of a new line of interesterified fats called Akomix, which is designed to improve the texture, stability, and shelf life of confectionery products.
In August 2018, Cargill has invested $17.5 million in Izegem edible vegetable oil refinery to advance food safety and infant nutrition. The plant is one of the most complex edible oil refineries in Europe.

With its refining, hydrogenation, interesterification, winterization, and blending technologies, the plant can process 11 types of oils and fats into 300 product blends.

Key Companies Profiled

Bunge
Archer Daniels Midland Co.
Cargill Incorporated
Wilmar International Limited
Intercontinental Specialty Fats Sdn
Industries Limited
Oleo Fats Inc.
IOI Corporation Berhad
Liberty Oil Mills Ltd.
Fuji Oil Holdings
Mewah International Inc.
Novozymes
Oieofinos
AAK Kamani Pvt. Ltd.
Willowton Group

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The United Kingdom Interesterified Fats Market by Category

By Interesterification Process:

Chemical
Enzymatic

By Source:

Palm Oil
Soybean Oil
Groundnut Oil
Walnut Oil
Coconut Oil
Rapeseed Oil
Sunflower Oil
Cottonseed Oil
Other Vegetables

By End-Use Application:

Food Processing
Pharmaceutical
Cosmetics & Personal Care Products

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Global Ice Cream Coating Market Forecast: Expected Increase to USD 4,819.0 Million by 2033 with 3.3% CAGR

The global ice cream coating market is projected to reach USD 3,486.1 million in 2023 and grow at a 3.3% CAGR, reaching USD 4,819.0 million by 2033. This growth is driven by increasing global demand for ice cream products. Between 2018 and 2022, the market expanded at a CAGR of 2.3%.

Ice cream coatings are typically high-fat substances that influence viscosity and behavior during production. These coatings consist of thin layers of fat, often made from cost-effective ingredients like coconut oil or hydrogenated palm kernel fat. Coconut oil and palm kernel oil not only provide a pleasing snap and a smooth melting texture but also contribute to a fat content of over 60% in the coating, ensuring a thin layer and quick crystallization.

The coating enhances the quality and production efficiency of ice cream while helping to manage costs. Applied at temperatures of 30–35 degrees Celsius, the warm coating is spread over deep-frozen ice cream sticks. It quickly solidifies upon contact, making it firm by the time of packaging. Ice cream coatings are typically supplied in buckets, containers, or liquid food tankers.

What are Some Prominent Drivers Spearheading Ice Cream Coating Market Growth?

The increasing demand for ice cream coatings in the ice cream parlours, dairy, and HoReCa (Hotel, Restaurant, and Cafe) is driving the growth of the ice cream coating market during the forecast period. The increasing awareness among bakers and parlours regarding the utilization of coating with the ice creams to improvise the shape, quality, and taste of ice creams is expected to drive the market over the forecast period.

Also, the growing demand for ice cream products in the food and beverages industry due to increasing per capita income and rising consumer preference is expected to drive the global ice cream coating market. The ice cream coating helps to improve the taste and quality of ice cream products which will increase the growth of the market during the forecast period. Rapid urbanization is increasing the demand for food products and also changing the eating trends of the consumers which are expected to propel the global ice cream coating market.

What are the challenges Faced by the Ice Cream Coating Industry?

No market is devoid of challenges and the global ice cream coatings market is no exception. Rising health concerns among the consumers and growing popularity of low-calorie products may hamper the growth of the ice cream coating market. The high storage cost, the short lifespan of ice creams, and seasonal demand for the product may also impede the growth of the market.

Key Companies Profiled

Chr. Hansen Holding A/S
FONA International
Smucker Company
Walter Rau Neusser Ol und Fett AG
Blommer Chocolate Company
Palsgaard
Göteborgsfood Budapest Ltd.
Barry Callebaut

Recent Development

In February 2021 – Smucker introduced a new Unicorn Magic Shell ice cream topping. This Magic Shell topping features a delicious and dreamy white cupcake flavor with beautiful speckles of pink, blue, and purple – a few of every unicorn′s favorite colors.
In May 2023, Maersk entered a long-term partnership with Barry Callebaut, with groundbreaking of the new cocoa bean warehouse situated in Malaysia.
Nestlè announced investing in the Yield Lab Latam from its sustainability fund, to find sustainable solutions in the food industry in June 2023.

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Key Segments Profiled in the Ice Cream Coating Industry Survey

By Types:

Dark
Milk
Yogurt
White
Colored
Flavored Types

By Application:

Dipping
Enrobing
Spraying
Co-Extrusion
Chocolate Aeration

By End-user:

Parlors
Dairies
Horeca (Hotel, Restaurants, Café)
Other

By Region:

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

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