Nut Butters Market 2022 Is Rapidly Growing with Huge Application Scope & Opportunities By 2032

The global nut butters market is considered to reach a market valuation of USD 1.1 billion by the year 2022, accelerating with a CAGR of 8.7% by 2022-2032. Nut butters market sales are likely to account for 6.2% of the demand in the global butters market, which is anticipated to be valued at USD 17.8 billion by 2022 end.

The ‘nut butters’ is a generic term for any type of spreadable food products prepared from blended or crushed nuts. The nut butters have gained popularity from the last few years and the demand is increasing considerably. In initial days the peanut butter was the only substitute to the dairy butters, but over the past few years, the technological advancements and the increasing consumer awareness regarding the nut butters or plant-based butters, has steered the growth of myriad varieties of plant-based butters.

The nut butters are sourced from various nuts and seeds that are enriched with protein, essential fatty acids, fiber, and other health beneficial nutrients. These days’ various type of plant-based or nut butters are available in the global market including peanut butter, almond butter, soy butter, pistachio butter, sesame butter, and cashew butter among others etc. These plant-based butters are normally prepared by roasting, crushing/grinding and store at a low temperature. Apart from food industry, the nut butters have wider applications in the cosmetics and personal care industry that is increasing its demand in the global market.

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Rising Demand For Plant-based Butters Boosting the Overall Market Growth

The rising health concerns regarding dairy butter consumption because of its fat content has increased the demand for the alternative plant-based butters such as seeds, and nut butters. Seeds and nuts are high nutrient value foods and have been regular components of human diet since past times. Nut butters are generally consumed as spreads over various snacks and food products as they work as taste enhancers, handy to use.

The nut butters are enriched with antioxidants, and various vital vitamins (B7, C & E) and minerals such as manganese, selenium, along with phenols, flavonoids, polyphenols, and magnesium. That prevents cancer, maintains blood cholesterol level and blood pressure, and also prevents CVDs (cardiovascular diseases). Moreover, increasing incidences of dairy butter-based food allergies along with awareness regarding animal welfare have contributed to the growing trend for veganism. Apart from veganism, the vegetarian population are another key factor that is propelling the growth of nut butters market.

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Competitive Landscape

The J. M. Smucker Co. (US), Bliss Nut Butters (US), Barney & Co. California, LLC (US), Barney Butter (US), Once Again Nut Butter (US), CACHE CREEK FOODS (US), Hormel Foods Corporation (US), Hain Celestial (US), Funky Nut Company (UK), NuttZo Co (US), Krema Nut Company (US) are major players in nut butters market.

OthersThe nut butter market’s major players are playing a vital part in promoting the market’s growth. The major businesses are proposing a variety of methods and concepts to boost sales and meet the wants of all areas.

The players are concentrating their efforts on research and development. They also use strategic growth activities including expansion, joint ventures, product launches, and partnerships to boost their market position and attract a big client base.

Recent Developments

  • The J.M. Smucker Company’s Santa Cruz Organic brand introduced creamy dark roasted almond butter in January 2021. The new product has a smooth texture and only two ingredients: organic dry roasted almond and sea salt.
  • The Jif brand of The J.M. Smucker Company will produce squeeze creamy peanut butter in June 2020. The company’s peanut butter range was expanded with the launch of this product.

Nut Butters Market by Category

By Type, Nut Butters Market is Segmented as:

  • Cashew
  • Hazelnut
  • Peanut
  • Almond
  • Others

By Category, Nut Butters Market is Segmented as:

  • Organic
  • Conventional

Based on End-Use Industry, Nut Butters Market is Segmented as:

  • Food
    • Bakery
    • Confectionary
    • Ice-cream Parlour
    • Snacks
    • Chips
  • Cosmetics and Personal Care
    • Hair Care
    • Skin Care
    • Eye-Care
    • Color Cosmetics
    • Toiletries
  • Pharmaceuticals
  • Nutraceuticals
    • Dietary Supplements
    • Functional food

Based on Sales Channel, Nut Butters Market is Segmented as:

  • B2B
  • B2C
    • Store-based Retailing
      • Hypermarket/Supermarket
      • Specialty Stores
      • Discount Stores
      • Modern Grocery Stores
      • Traditional Grocery Stores
      • Other Store-based Retailing
    • Online Retailing

By Region, Nut Butters Market is Segmented as:

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

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Frequently Asked Questions

  • How is the Outlook of the Nut Butters Market?
  • What is the North America Nut Butters Market Outlook?
  • At What Rate will Nut Butters Market Demand Grow in Europe?
  • What Are the Key Trends Shaping the Nut Butters Market?
  • At What Rate Will Nut Butters Market Demand Grow in Japan?

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

The Chinese takeout market is predicted to account for US$ 107.8 billion in 2032, up from US$ 62.7 billion in 2022, advancing at a CAGR of 7.2% during the forecast period (2022-2032).

Consumers are looking for items that are manufactured with fresh, organic, and high-quality ingredients, and some are even converting to plant-based options, encouraging the Chinese takeout market size. Growth in the use of technology in ordering and deliveries is unavoidable, as digital natives contribute a higher percentage of transactions in the future.

Over the predicted period, Chinese takeout market statistics are predicted to improve at the fastest rate. Consumers’ good consumption patterns have altered dramatically as their living standards have grown.

Greater disposable income and a burgeoning eating-out culture have pushed demand for Chinese takeout in emerging countries. Emerging Chinese takeout market trends, such as consumers becoming increasingly aware of food safety problems, organic eateries are getting more popular.

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The demand for Chinese takeout food services is growing as the country’s residents seek a more convenient lifestyle, implying that the food service business would expand in the future. Younger consumers are driving the Chinese takeout market, as they define and influence purchase patterns and are more adventurous in their tastes.

During the projection period, North America is expected to grow at a CAGR of 22.4%. With the United States’ dominance in the world reportedly being overtaken by China’s, the Asian giant’s cuisine is beginning to take center stage. In 2022, the urban population is predicted to grow, creating an opportunity in the Chinese takeout market.

Key Takeaways

  • The Chinese takeout market is predicted to develop at a CAGR of 7.2%, with a market share of US$ 107.8 billion through 2032.
  • The Chinese takeout market share in North America is estimated to have a CAGR of 22.4% through 2032.
  • The Chinese takeout market in Europe is expected to have a prodigious CAGR of 21.4% through 2032.
  • The Chinese takeout market in East Asia is expected to have a prodigious CAGR of 29.4% through 2032.
  • The Chinese takeout market is having a market share of US$ 62.7 billion in 2022.
  • Countries like the US, China and Germany hold a total share of 36.8% of the Chinese takeout market.
  • The independent food service segment of the Chinese takeout market, based on ownership, is expected to grow at an annual rate of 65.3% through 2032.

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Competitive Landscape:

Lo Mein, Manchu Wok, Asian Chao, City Wok, Din Tai Fung, Pei Wei Asian Kitchen, Chinese Gourmet Express, Bd’s Mongolian Grill, P.F. Chang’s, Mr. Chow, South Beauty, Goubuli, Haidilao, Morals Village, Lianxiang Lou, and Other Players are some major key players in the Chinese takeout market. It is expected from the legacy players to accelerate efforts to gain additional Chinese takeout market share through the right injection of funds.

Some of the primary measures players are employing to take advantage of the Chinese takeout market opportunities include frequent product launches, geographic expansions, and distribution agreements to expand their consumer base.

Recent Developments:

  • In accordance with Australian corporate law, Yum! Brands announced the completion of its acquisition of Dragontail Systems Limited (Dragontail), an AI-based innovative provider of technological solutions for the food sector, in 2021.
  • McDonald’s said in 2021 that it would test its first-ever plant-based burger, the McPlant, in China, as part of a strategic three-year relationship with Beyond Meat Inc.
  • Restaurant Brands International, Inc. and Ant Group established a regional cooperation in 2021 to accelerate the digital transformation of its restaurant operations across Asia-Pacific.

Key segments

By Product:

  • Appetizers
  • Soups
  • Rice
  • Dishes
  • Noodle Dishes

By Restaurant Type:

  • Quick Service Restaurants
  • Full Service Restaurants
  • Cafe and Bars
  • Street Food

By Nature:

  • Vegetarian
  • Non-Vegetarian
  • Vegan

By Purchase Model:

  • Direct to Consumer
  • Platform to Consumer

By Payment Type:

  • Cash
  • Debit Cards
  • Credit Cards
  • Digital Wallets
  • Electronic Bank Transfers

By Ownership:

  • Chained Foodservice
  • Independent Foodservice

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Frequently Asked Questions:

  • What is the Growth Rate of the Chinese Takeout Market?
  • What is the projected value of the Chinese Takeout Market by 2032?
  • What was the Present Size of the Chinese Takeout Market?
  • Which is the Growing Region in the Chinese Takeout Market?
  • Which Segment is Leading in the Chinese Takeout Market based on Ownership?

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

According to a recent report by Future Market Insights, market research and competitive intelligence provider, spelt milk market share is estimated to reach a value of USD 405.4 Million by 2032, surging at 6.8% CAGR through the decade.

With such initiatives taken by well-established spelt milk market players, the market is expected to grow rapidly following COVID-19. With such initiatives taken by well-established spelt milk market players, the market is expected to grow rapidly following COVID-19.

Increased research activities into the benefits of spelt, on the other hand, will lead to the creation of new opportunities in the spelt milk market during the forecast period. Due to the wide range of substitutes, demand for spelt milk like hazelnut milk and almond milk is high.

During the projected period, the prevalence of gluten and the accessibility of finding product substitutes would serve as limitations on the growth of the spelt milk market. People desire to opt for healthier products, increasing the spelt milk market statistics, as dairy products, which are often high in calories, and consumers are moving towards a healthy lifestyle.

Due to the boom in marketing operations within the region, Europe controls the spelt milk market. Owing to the increase in disposable income in the region, the North America spelt milk market is predicted to grow significantly between 2022 and 2032.

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Key Takeaways from Market Study

  • The spelt milk market is expected to have a CAGR of 6.8% during the forecast period.
  • China dominates the East Asian spelt milk market. This is primarily due to the numerous health and nutritional benefits of spelt milk.
  • In the U.K., the spelt milk market is expected to have a share of USD 14.3 Mn in 2022.
  • Based on ingredients, the spelt milk market is segmented into the fiber, gluten, proteins, vitamins, and minerals.
  • Spelt milk market sales are likely to account for a part of the demand in the global plant-based milk market, valued at USD 14 Bn in 2022.
  • With several initiatives taken by well-established spelt milk market players, the spelt milk market is expected to grow rapidly following COVID-19.

“Increasing demand for milk that is easily digestible, increasing usage of spelt milk due to its anti-stress properties and high content of nutrition, and the availability of flavored and natural spelt milk are all factors that will aid in the growth of the spelt milk market during the forecast period, ”says a lead analyst at Future Market Insights.

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Who is Winning?

To develop new plant-based milk products, major spelt milk producers are focusing on research and development and innovation. Manufacturers are also heavily investing to improve their operational capabilities and expand their product footprint globally.

Some of the primary measures players are employing to take advantage of the spelt milk market opportunities include frequent product launches, geographic expansions, and distribution agreements to expand their consumer base.

Some of the top players in the spelt milk market are THE BRIDGE S.R.L, Allos, Natumi Organic, Provamel, Ecomil, Isola Bio (AbafoodsSrl), Poggio Organic, and BioSophia.

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

Spelt Milk Market By Category

By Ingredients, the Spelt Milk Market is segmented as:

  • Fiber
  • Gluten
  • Proteins
  • Vitamins
  • Minerals

By Distribution Channel, the Spelt Milk Market is segmented as:

  • Online
  • Offline

By Form, the Spelt Milk Market is segmented as:

  • Dry
  • Liquid

By Flavor, the Spelt Milk Market is segmented as:

  • Natural
  • Almond
  • Others

By Region, Spelt Milk Market is Segmented as:

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

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Frequently Asked Questions

  • At What Rate Will The Spelt Milk Market Grow?
  • What Is The Expected Value Of The Spelt Milk Market By 2032?
  • What Are The Key Factors Driving The Spelt Milk Market?
  • Which Region has the highest Spelt Milk Market Valuation?
  • What Are The Key Strategies Adopted By The Major Players Of The Spelt Milk Market?
  • Who Are The Key Players In The Spelt Milk Market?

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

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Myrrh Powder Market Analysis, Key Players, Industry Segments and Forecast To 2032

Global Myrrh Powder demand is anticipated to grow at a CAGR of 4.2% over the forecast period. Myrrh is a natural reddish-brown rubber or resin extracted from numerous small tree species. Myrrh powder is known for its transparency and darkening. Myrrh powder is one of the important ingredients in the manufacture of Egyptian perfumes. It is a resin powder with a musky scent. The growing popularity of myrrh powder has prompted the food industry to seek new and efficient methods for the development and application of myrrh powder within the industry.

Myrrh powder is also used in other industries such as pharmaceuticals. It can be used to treat ulcers, indigestion, colds, asthma, bronchial congestion, arthritis, leprosy, syphilis and cough. Within the food and beverage industry, myrrh powder is used in several commercial products as a flavoring  agent. Commiphora myrrh powder, a special kind of myrrh powder, used in many manufacturing processes such as making perfumes and fixatives in cosmetics. Different uses of myrrh powder myrrh in various end-use industries will have a positive impact on the growth of the market during the forecast period.

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Extensive industrial applications of myrrh powder are driving the market growth:

Because of its earthy smell, myrrh powder has been loved in all cultures. In ancient Somalia and Ethiopia, people embalmed myrrh powder and used it as incense in funerals and cremations.

Myrrh resin contains volatile oils and mucus that have antibacterial, deodorizing, antitumor, anti-inflammatory and astringent effects. The powder extracted from it, or myrrh powder, can help with peristalsis and smoothing of muscles. Apart from that, this powder is also known to promote uterine blood flow. A significant portion of the world’s myrrh production is used to make myrrh powder and myrrh oil. Owing to various advantages, the myrrh powder market is expected to witness healthy growth in the coming years.

Global Myrrh Powder Market: Key Players

Key vendors and producers operating in the global myrrh powder market are Mountain Rose Inc., Texas Natural Supply, Oregon’s Wild Harvest, Amazon Discovery, Monterey Bay Spice Company, Organic Creations Incorporated, TheEclecticeuphoria, LIVING EARTH HERBS, Austral Herbs, G. . Baldwin & Co., Nature’s Warehouse, Tinderbox, Scents of Earth, Crafters Choice and JustIngredients Limited.

Opportunities for Market Players in Myrrh Powder Market

Myrrh powder has been used in many parts of the world for centuries. The powder was used to make perfume from scratch because of its intoxicating smell. The cosmetic industry continues to use myrrh powder for a variety of applications. This powder is also used in a variety of other industries such as aromatherapy, food and beverage, etc. Therefore, myrrh powder is attracting manufacturers who want to enter the aforementioned market.

Middle Eastern countries are likely to witness solid growth in myrrh and consequent myrrh powder production. In Europe, French companies have many opportunities to market rubbers and resins such as myrrh powder, gum arabic, etc. The French cosmetics and food market is increasingly being driven by a trend to encourage the purchase of natural products as social and environmental issues become an increasingly important factor in consumer choices. Manufacturers are increasingly looking for new natural ingredients to include in their portfolios. This trend is helping the European market grow.

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The myrrh powder market in Asia Pacific, especially India, is expected to be advantageous in terms of revenue generation due to its abundant raw materials.

A Brief Approach to Research

Myrrh Powder market analysis is performed on a modeling-based approach and triangulation methodology to estimate the data covered in this report. Following a detailed myrrh powder market understanding and evaluation of the flavor, application, and encapsulation processes of the segments covered in the study, a demand-side approach is taken to estimate sales of the target segments and then cross-reference them with supply. – Aspect evaluation of the value generated over a predefined period. Statistics and data for the Myrrh Powder market are gathered at the regional level and aggregated and synthesized at the global level to estimate the overall market size.

Global Myrrh Powder: Market Segmentation

On the basis of nature, the global myrrh powder market has been segmented into:

  • essential
  • traditional

On the basis of end use, the global myrrh powder market is segmented into:

  • food and drink
  • medicine
  • Cosmetics and personal care
  • perfume
  • Other

On the basis of Sales Channel, the Global Myrrh Powder Market is segmented into:

  • direct sales
  • indirect sales
  • Supermarket/Hypermarket
  • online store
  • retail store

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Key data points covered in the report

The key data points covered in the report are:

  • Myrrh Powder Market Overview including Background and Evolution
  • Macroeconomic Factors Influencing Market and Myrrh Powder Market Potential
  • Market dynamics such as drivers, challenges, and trends in the Myrrh Powder market
  • Detailed value chain analysis of the market
  • Cost structure of myrrh powder products and segments covered in the study
  • In-depth pricing analysis by key product segments, regions and major market players
  • Demand and supply analysis such as top production and consumption regions, import/export and overall trade scenario
  • Market structure analysis including hierarchicṇal classification of key market players
  • Competitive landscape of the market including detailed profiles of the top players in this market

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

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Hyperlocal Grocery Delivery Market Analysis, Segmentation, Key Players, Opportunities and Forecast To 2032

As per the market analysis at FMI, the hyperlocal grocery Delivery market is valued at US$ 38.5 Billion in 2022 and is likely to reach US$ 81.5 billion by 2032, flourishing at a promising CAGR of 7.8%.

Being prevalent in consumer and local retail stores, hyperlocal grocery delivery platforms have gained popularity within the millennial generation while wooing the elder people by delivering groceries at their doorsteps.

Hyperlocal markets cover a certain distance, providing goods and services while hyperlocal grocery delivery platforms deliver groceries in nearby localities. The great speed, online payment integration, discounts and availability of major products are attributed to the adoption of hyperlocal grocery delivery platforms.

The popularity of hyperlocal grocery delivery platforms amongst the elderly class is prevalent as it’s hard for them to go out and buy groceries and transport it all to their residence. Hyperlocal grocery delivery platforms help in delivering the market growth, especially after the advent of covid-19

The growing delivery services along with discounts and free home delivery services are pushing the end users to adopt or switch to hyperlocal grocery delivery platforms, rapidly digitizing the goods and services space.

The hyperlocal grocery delivery platforms have also given a second life to the local vendors and supermarkets, especially during the peak of the pandemic.

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Key Takeaways:

  • The hyperlocal grocery delivery market is divided into Food Type, Business Model, Delivery Type, Payment Method, Preferred Location, Order type and Purchaser type.
  • The hyperlocal grocery delivery market outlook defines its delivery type categories into Click-and-collect and Home Delivery. The leading segment in the delivery type category is home delivery segment.
  • Global trends in the hyperlocal grocery delivery market are the faster in-time delivery, navigation systems and online payment options set up the latest trends for the hyperlocal grocery delivery market.
  • The key behind the good strategy of vendors is to provide the user with better use experience. This pushes the sales of hyperlocal grocery delivery system. New advanced smartphone apps are also helping the hyperlocal grocery delivery market gain traction.

Competitive Landscape:

Some of the hyperlocal grocery delivery market key players listed in the study are Gofers India Private Limited, Asfortask Inc, Just Eat Takeaway, Uber Technologies and Instacart.

Recent Developments

  • Gofers India Private Limited has improved its payment options along with utmost trust prospects and safety options. These fuels the sales of other grocery delivery platforms.
  • Asfortask Inc has introduced the use of trust and safety and an option of flexible rescheduling that allows the end user to cancel their order 24 hours before the task due date, pushing the sales of hyperlocal grocery delivery platforms.

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Key Segments:  

By Food Type:

  • Fresh Food
    • Delicatesses & Ready Meal
    • Butchery & Poultry
    • Bakery & Pastry, Fruits & Vegetable,
    • Fishery, Dairy & Eggs
  • Groceries
    • Organic & Free-From
    • Beverages, Food Cupboard

By Business Model:

  • Single Store Model,
  • Store Pick Model,
  • Hybrid Model,
  • Aggregator Model

By Purchaser Type:

  • One Time Purchase
  • Subscription

By Delivery Type:

  • Click-to-click Collect
  • Home Delivery

By End User:

  • Individual
  • Distributor – Large Enterprises and SME

By Region:

  • United States
  • United Kingdom
  • China
  • Japan
  • South Korea

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Frequently Asked Questions

  • What is the CAGR of the Hyperlocal grocery delivery Market?
  • Which Segment leads in the Hyperlocal grocery delivery Market by Product Type?
  • Which Region has the Highest Growth Potential in Hyperlocal grocery delivery Market?

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 Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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Halal Food Market – Recent Industry Developments and Growth Strategies, Forecast To 2032

The global halal food market is set to witness growth at a CAGR of 9.7% and top a valuation of US$ 3.0 Tn by 2032. When it comes to halal certification, many Islamic countries have their own set of rules and restrictions. However, the Malaysian government has worked to establish a global halal standard. Malaysia’s Research Centre for Islamic Affairs established a national halal certification in 1974.

The Department of Islamic Development Malaysia (JAKIM) took over the implementation of the halal certification system, In 2005, in addition to monitoring and enforcing halal compliance in Malaysia, Malaysia’s halal certificate is the only internationally recognised emblem and certification system supported by the Malaysian government. approved for use by all Muslim nations, as it is a member of the Organisation of Islamic Conference (OIC).

Other nations’ halal certification authorities were either created by local provinces or governments, or they were endorsed by non-governmental organisations (NGOs). The Halal Industry Development Corporation (HDC) was created in 2006 to further improve Malaysia’s position as the world’s leading halal centre. It was established with the goal of raising halal standards while also promoting commercial and industry development and branding.

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More than 70 small and medium enterprises (SMIs) in the halal food manufacturing industry already call the Prima Halal Food Park home. All of these SMIs can join the Prima Vendor Program, which allows them to make halal cuisine under the PRIMA brand. The items are then distributed via PRIMA’s dedicated sales network.

Independent food and beverage producers can also create halal cuisine under their own brand names. In this instance, businesses must build their own distribution network while simultaneously contributing to the park’s central services and shared facilities expenditures.

Key Takeaways from Market Study

  • The halal food market is worth of US$ 1.2 Tn sales in 2022.
  • The halal food market is expected to expand at CAGRs of 9.7% through 2032.
  • Global halal food demand is projected to grow year-on-year (Y-o-Y) growth of 9.1% in 2022.
  • The halal food market is growing with a notable boost towards the production to reach USD 3.0 Tn by 2032.
  • Increasing requirement for the food among both Muslims and non-Muslims, advancement in healthy technologies incorporated, and strict regulations implementations are the factors driving growth of the market and to be the influencing factors among consumers, which is driving sales of halal food across global markets.
  • Demand for halal food grew at 8.8% CAGR between 2017 and 2021.
  • Prima Quality Food Industries Sdn Bhd, The Halal Food Company, Cargill Incorporated, Pacmoore Products Inc., and Al Islami Foods are expected to be the top players in the industry.
  • Halal food isolate with powdered form segment are in heavy demand from infant formula industry carrying a notable market share.

“Because of the stringent regulations in attaining halal certification, halal cuisine has evolved from being a religious dietary choice to an assurance of safe, healthy, hygienic and reliable food. The move to adopt uniform halal standards across OIC countries will allow them the opportunity to raise the standard of halal food and further strengthen the perception and market share of halal products in the global food trade,” says a Future Market Insights analyst.

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Competitive Landscape

Key halal food brands are looking for new strategic partnerships to develop the applications in food and beverage industry, along with infant formula and dietary supplements, while core business brands are focusing on developing nutritional and high quality food solutions to customers with several product innovations.

  • Delivery startup Jahez in Saudi Arabia raised US$36 million for its commission-free halal food ordering website, DeliverDXB, which launched in Dubai March of 2020.

Explore More Valuable Insights

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

Halal Food Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Meat, Poultry and Seafood
  • Dairy Products
  • Fruits, Nuts and Vegetables
  • Fats, Oil and Waxes
  • Grains and Cereals
  • Beverages
  • Others

By Application:

  • Food & Beverages
  • Nutraceuticals & Dietary Supplements
  • Infant Formula
  • Animal Feed Industry
  • Others

By Region:

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

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Frequently Asked Questions

  • How much worth is the halal food industry?
  • At what CAGR is the market expected to expand through 2032?
  • How was the performance of halal food been over the past half-decade?
  • What will be the market for halal food worth in 2032?
  • Who are the key players operating in the market?
  • Which are the top countries driving the halal food market demand?
  • What are the key factors affecting the halal food market growth?
  • 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 Future Market Insights (FMI)

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

    Contact: 

    Future Market Insights Inc.

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Synbiotic Products Market Prosperous Growth, Recent Trends, demand, Top Key Vendors -Forecast To 2032

The global synbiotic products market is set to witness growth at a CAGR of 7.5% over the forecast period, reaching US$ 598 Mn by 2032.

Synbiotics are a synergistic combination of prebiotics and probiotics that promote the growth and survival of gut bacteria that live in the intestine and colon of the gastrointestinal system.

Synbiotics were created to address the challenges that probiotics face in the gut. As a result, a product containing an adequate combination of both prebiotics and probiotic components should have a positive effect when compared to the effect of any component alone.

They are offered as food and a dietary supplement for weight loss, improved mental, digestive, and heart health, immunological function, inflammation, and reduced risk of cardiovascular illnesses.

They are also used to treat hepatic disorders and enhance the absorption of nutrients including calcium, phosphorus, and magnesium. They are increasingly being utilized in aquaculture to boost fish production by boosting the immune system. Furthermore, the fortification of dairy products and foods with synbiotics has increased to provide nutritional and health benefits. This, in turn, is expected to propel the synbiotic products market.

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“Increasing sales of functional foods and beverages, along with growing adoption of probiotic-based products across emerging economies is expected to augment the growth in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, the functional food & beverages segment is anticipated to account for around 46.7% of the total market share over the forecast period.
  • Sales of symbiotic products through supermarkets and hypermarkets will gain traction.
  • The North America Synbiotic Product market is expected to witness a lucrative growth rate of 6.9% during the forecast period.
  • East Asia is expected to account for 16.8% of the global synbiotic product consumption through 2032.

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Competitive Landscape

Key players operating in the global synbiotic product market are focusing on launching innovative products to meet the growing demand for dietary supplements.

Some of the prominent players of the global synbiotic product market include Daflorn Ltd., DANONE; Sabinsa Corporation, Yakult S/A, Probiotical S.p.A., United Naturals, Synbiotics Corporation (Pfizer), Synbiotic Health, Inc., NUtech Ventures, and Asmara (NU3x).

Explore More Valuable Insights

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

Synbiotic Products Market By Category

By Product Type:

  • Functional Food & Beverages
  • Dietary Supplements
  • Others

By Form:

  • Powder
  • Liquid
  • Capsule
  • Others

By Distribution Channel:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

By Region:

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

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Frequently Asked Questions

How big is the synbiotic products market?

What is the anticipated market value of the synbiotic products market by 2032 end?

What is the synbiotic products market outlook?

Which region is expected to drive the demand for the synbiotic products market?

Who are the key players operating in the market?

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 Future Market Insights (FMI)

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

Contact: 

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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

The global methionine market size is expected to reach US$ 5.57 Billion in 2032. The methionine market is growing rapidly. Methionine is a key component used on finfish, crustaceans, and shrimps. It is a vital amino acid found in humans. It plays a vital role in the health and metabolism of many species, including humans. Supplementation of methionine benefits those suffering from copper poisoning. The food and nutrition board of the United States set the RDA (Recommended Dietary Allowances) for amino acids in 2002. For methionine, the maximum recommended allowance for adults is 19mg/kg body weight/day. Also, under the U.S. certified organic program, methionine is allowed as a supplement to organic poultry feed.

High levels of methionine are found in egg, fish, and meat. Its use in pharmaceuticals includes treating allergies, alcoholism, drug withdrawal, depression, asthma, radiation side effects among more. However, according to numerous studies, overconsumption of methionine is linked with cancer growth, which presents an obstacle in the growth of the methionine market.

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Animal Feed Sector to Lead the Growth of the Methionine Market

Animal feed has emerged as the primary application end-use segment and expected to lead the segment for the years to come. Poultry is the leading consumer for methionine. The increasing emergence of fish proteins and tuna infused based dietary, and sports supplements are leading to a healthy lifestyle is expected to provide a significant boost to the market. Methionine is evolving as a replacement for fish powder since it is cheaper, effective, and easily available. In pharmaceuticals, methionine is being used for medicines for treating liver disorders, increasing acidity of urine and bettering wound healing. Growing concern for animal welfare is anticipated to be the primary factor driving significant to the methionine market over the next few years.

Methionine Market: Key Developments

  • In October 2016, Evonik Industries started the construction of its second methionine complex in Singapore. The complex possesses the production capacity of around 150,000 metric tons with initial investment costs more than half a billion dollars.
  • In July 2015, Evonik Nutrition, DSM Nutritional Products Ltd., and Care GmbH announced their joint development agreement for the production of algae-based omega-3 fatty acids products made for animal nutrition, particularly for applications of pet food. The contract aimed to meet the increasing demand for omega-3 fatty acids.

Methionine Market: Regional Analysis

The methionine market in Asia-Pacific is expected to account for the largest share in terms of volume owing to the abundant population and an extensive animal feed industry. Increasing demand for dietary and sports supplements is expected to play an important role in the growth of the market in Asia-Pacific. Also, the production of cattle has taken a significant toll, which is expected to help further the Asia Pacific to retain its position in the market at the end of the forecast period. Meanwhile, the methionine market in North America is expected to register the fastest growth over the forecast period. By product type, plant-based methionine was leading the market and expected to gain more share over the forecast period owing to the stringent government norms to ban bone meal and fish silage.

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Methionine Market: Key Participants

Some of the market participants in the Methionine market are:

  • Evonik Industries
  • Tokyo Chemical Industry Co.
  • Sumitomo Chemical Corporation Limited
  • Bluestar Adisseo Company
  • CJ Cheil Jedang
  • Ajinomoto Co., Inc.
  • Chongqing Unisplendour Chemical
  • Phibro Animal Health
  • Sunrise Nutrachem
  • Prinova Group
  • Iris Biotech GmbH
  • Kyowa Hakko Bio Co., Ltd.
  • DSM Nutritional Products AG
  • Tocris Bioscience
  • Beijing FortuneStar S&T Development Co., Limited
  • Jinzhou Jirong Amino Acid Co., Ltd.
  • AnaSpec, Inc.
  • Novus International Inc.
  • Kingchem Life Science LLC
  • Stolt Nielsen Japan Co., Ltd.

The research report presents a comprehensive assessment of the Methionine market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.

The report covers exhaustive analysis on:

  • Methionine Market Segments
  • Methionine Market Dynamics
  • Methionine Market Size
  • Methionine Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Methionine Market
  • Competition Landscape and Emerging Market Participants in Methionine Market
  • Value Chain Analysis of the Methionine Market

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Methionine Market Segmentation

The Methionine market can be segmented on the basis of product type and end use

On the basis of product type, the Methionine market can be segmented as:

  • Animal-based
  • Plant-based

On the basis of end use, the Methionine market can be segmented as:

  • Food and Dietary Supplements
  • Animal Feed
  • Poultry
  • Pigs
  • Cattle
  • Others
  • Pharmaceuticals

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Report Highlights:

  • Detailed overview of the parent market
  • Changing dynamics of the Methionine market in the industry
  • In-depth market segmentation and analysis
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments in the Methionine market
  • Competitive landscape of the Methionine market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Methionine market performance
  • Must-have information for Methionine market players to sustain and enhance their market footprint

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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 Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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RTD Cocktail Shots Market Trends, Key Technology Developments and Impact Analysis of Drivers and Restraints During (2022-2032) | Future Market Insights, Inc.

The global RTD cocktail shots market recorded a year-on-year (YoY) growth of 30.4% in 2022, surpassing US$ 3,708 Mn. The overall sales in the RTD cocktail shots market are expected to increase at a CAGR of 10.0% to reach the value of US$ 9,633 Mn in 2032.

According to Future Market Insights (FMI), the demand for RTD cocktail shots is expected to surge with growing consumption of cocktails and preference for fresh products. Hence, key playera are trying to capitalize on the trend by presenting a classic cocktail in a container made with natural ingredients.

Further, sales of ready-to-drink cocktail shots are also burgeoning as they do not require preparation. Also, availability of high-quality ready-to-drink cocktail shots are proving to be a turnkey solution that saves time and money.

In terms of packaging, the cans segment is expected to dominate the RTD cocktail host market. Millennials and several craft brew enthusiasts prefer cocktail from a can, improving the demand for canned RTD cocktail shots.

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Key Takeaways from Market Study

  • The ready-to-drink cocktail shots market is expected to expand at CAGR of 10.0% over the forecast period.
  • Among the type, spirit based is expected to dominate the market, accounting for 42.0% of the revenue during the forecast period.
  • Among the packaging segment, bottle segment accounted for more than 57.0% revenue share and it is expected to grow at 8.2% CAGR over the forecast period.
  • Among distribution channel segment, supermarkets/hypermarkets category will account for over 70% of demand share between 2022 and 2032.

“Ease in convenience coupled with busy lifestyle has increased the demand for ready-to-drink cocktail shots. Hence, key players are introducing fresh flavors to capitalize on growing demand,” says a Future Market Insights analyst.

Competitive Landscape

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

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  • In 2018, Bacardi Ltd announced the completion of its acquisition of PATRON brand of Patron Spirits International AG, the world’s best-selling ultra-tequila. With this acquisition, Bacardi becomes the leading spirits company in the ultra-segment in the United States, as well as the second largest in terms of market share by value.
  • In 2020, Bacardi Ltd, the world’s largest family-owned spirits company, announced the acquisition of batched cocktail and premium crafted company TAILS.

Explore More Valuable Insights

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

Market Segments Covered In RTD Cocktail Shots Analysis

Type:

  • Malt-based
  • Wine-based
  • Spirit-based

Packaging:

  • Bottles
  • Cans

Distribution Channel:

  • Online
  • Hypermarkets/supermarkets
  • Liquor Stores

Region:

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

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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 Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Tartrazine Market Overview, Cost Structure Analysis, Growth Opportunities And Forecast To 2032

Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032.

Tartrazine is food coloring synthetic lemon-yellow azo dye. Tartrazine is commonly used color globally. It is primarily yellow and can be assorted with dyes to produce various green shades. Most food products containing tartrazine are labeled as “E102” or “tartrazine.” Food coloring or color additives imparts colors when added to food or drink. Certain colors are associated with particular flavors, and the color of food influence the perceived flavor in anything added. Tartrazine as a color additives is added to food to make it attractive, provide color to colorless food, and enhance the naturally occurring color and allow the consumer to identify the product by sight. Products containing tartrazine are commonly used where the consumer expects it to be creamy looking or brown, also included in processed commercial food giving artificial yellow or green color. The frequency of use is more in filling baked goods to give bright yellow color.

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Global Tartrazine Market: Dynamics

Tartrazine market is driven due to large number of applications in food and beverages The properties such as brighter coloring agent than other available natural colorings and greater stability to the product are also the key factors driving global tartrazine market. Substitute for tartrazine having natural (organic) properties such as turmeric, beta-carotene and annatto alternatives can be a major threat to global tartrazine market. Moreover, tartrazine has caused many allergic reaction and side-effects on people which includes migraines, skin rashes, and anxiety. The use of tartrazine can have an effect on childhood behavior, due to increased hyperactivity in children aging 3 to 9 years old, act as a restraining factor to tartrazine market. Another restraint which has led to declining tartrazine market is its use as a cheap alternative to other natural products available in the market.

Global Tartrazine Market:  Region wise Outlook

The global tartrazine is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). North America region holds relatively higher market share in the global color market. The high consumer demand, the predominance of high growth in R&D and favorable government policies has led North America to dominate overall tartrazine market. Moreover, consumer preference of better appearance and texture of food items and growth in demand for appealing food and beverages products will drive the region more growth over forecasted period. APEJ is projected to show high growth rate in the overall region of tartrazine market.

This is due to the attractiveness of food coloring that has led countries like India, China, New Zealand and Australia food industry player to foreseeable future of high growth for food color market. Moreover, the food industry players attribute positive demand due to active and augmentation consumption of food & beverages and ease in government policies, which is driving the region for tartrazine market.

Stringent policies imposed by the government on food & beverages industry in Western and Eastern Europe region is expected to see a shortfall in tartrazine market and is further projected to show sluggish growth in near future. Moreover, congress planning to forbid the use of tartrazine as a colorant of food in Peru (Europe) acts as a restraining factor on the tartrazine market. Middle East is an opportunistic market for tartrazine market players. It is attributed to the growing attractiveness for global food & beverages and less imposed policies by the government on the food industry in the region.

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Global Tartrazine Market: Prominent Players

Some of the prominent players identified in the global tartrazine market include:

  • GNT International B.V.
  • GFS Chemicals, Inc
  • Sensient Colors LLC
  • Cathay Industries
  • Dynemic Products Ltd.
  • Sigma-Aldrich Co. LLC.
  • sunfoodtech.
  • Shanghai Dyestuffs Research Institute Co.,Ltd.
  • TNC Chemicals Philippines Incorporated.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

Tartrazine Market Taxonomy

By Form:

Powder

Granulated

By Application:

Beverage

Bakery, Snacks, and Cereals

Candy/ Confectionery

Dairy

Fruit Preparations/ Fillings

Meat, Poultry, Fish, and Eggs

Potatoes, Pasta, and Rice

Sauces, Soups, and Dressings

Seasonings

Pet Food

Others

By Region:

Global

North America

Latin America

Europe, the Middle East and Africa, and India

Asia Pacific

Frequently Asked Questions

  • How big is the global tartrazine market?
  • What is the China tartrazine market outlook?
  • How much does the pet food industry contribute to the tartrazine food colors market?
  • At what rate will demand for tartrazine in Japan?

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About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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