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A new study by Future Market Insights opines food authenticity market to grow at a steady pace through 2030. Adoption will be driven by growing consumer focus on food safety and growing clean label trend. FMI’s new study tracks food authenticity market in 20+ countries for the period 2020-2030.

According to the study, in recent years, access to pure and adulterant free foods has come under significant jeopardy. Widespread prevalence of food adulteration, mislabeling and undisclosed ingredient details have generate a massive furor amongst health conscious consumers as well as healthcare providers.

On an average, approximately 57% of the global population suffers from morbidities inflicted due to consumption of sub-standard and contaminated foodstuffs. Moreover, nearly 1/4^th of the world’s food supply is adulterated annually. Realizing this, countries have taken proactive steps to mitigate the adverse effects of food adulteration.

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Increasing consciousness among consumers has elevated the need for introducing clean-label, organic-based and naturally derived foods. Based on these developments, the global food authenticity market is all set to experience an impressive upsurge in the coming years.

Key Takeaways from FMI’s Food Authenticity Market Report

• Global food authenticity market is likely to expand at a noteworthy CAGR in the forthcoming decade
• Asia-Pacific to emerge as the fastest expanding region for food authenticity testing, attributed to a large population base
• High incidence of meat consumption to provide traction to meat speciation authenticity tests
• Economically Motivated Adulterations (EMA) compelling governments to impose tough legislations to keep food adulteration in check
• PCR-based tests are expected to retain their popularity due to quick delivery of test results
• Processed foods testing is expected to acquire surging popularity due to high demand

COVID-19 Impact Insights

The COVID-19 pandemic presents an exceptional and unprecedented challenge for competent authorities with responsibilities for national food safety control systems. As consumers resort to consuming health and immunity boosting foods, demand for clean-label products is rising exponentially.

While nationwide lockdowns and social distancing measures have limited laboratory testing capacities, it has not fully ceased as chances of food adulteration are maximum during this time period. Unscrupulous traders are prowling the market with the objective of flooding it with adulterated food products.

Thus, leading players have revised growth forecasts to demonstrate that the market is expected to remain afloat albeit at lower projections and reduced revenue margins. Growth is expected to be restored to normal levels in the post-pandemic scenario, once lockdowns are eased following a decline in infection rates.

Leading Food Authenticity Market Players

Some leading players in the global food authenticity market include ALS Ltd., EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs to name a few.

The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

ALS Ltd., for instance, offers a wide range of testing and analysis with respect to ascertaining food quality. Its food authenticity tests incorporate meat speciation through the ELISA/PCR testing techniques, halal verification and genetically modified foods. It also offers testing for detecting contaminants and allergens.

In May 2016, Intertek established its AgriTech laboratory in Hyderabad, India to perform DNA-based testing of various agricultural products. Simultaneously, the company unveiled its advanced ScanBi DNA technology.

Key Segments

Food Tested

• Meat & Meat Products
• Dairy & Dairy Products
• Processed Foods
• Other Food Tested

Target Testing

• Meat Speciation
• Country of Origin & Ageing
• Adulteration
• False Labelling

Technology

• PCR-Based
• Liquid Chromatography-Mass Spectrometry (LC-MS)
• Isotope
• Immunoassay Based/ELISA
• Other Technologies

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (Germany, Italy, France, U.K, Spain, BENELUX & Rest of Europe)
• South Asia (India, ASEAN & Rest of South Asia)
• East Asia (China, Japan & South Korea)
• Middle East & Africa (GCC, South Africa, Israel & Rest of MEA)
• Oceania (Australia & New Zealand)

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Key Questions Answered in the Report

• What are the growth prospects of food authenticity market?

The global food authenticity market is slated to record largely positive growth, experiencing a healthy CAGR throughout 2020-2030. Growth is primarily being underpinned by surging demand for clean-label and adulterant free foods across lucrative markets.

• Which is the largest market for food authenticity players?

Asia-Pacific is slated to emerge as the most lucrative revenue generator, attributed to a large population base. Majority of food testing demand is likely to be stimulated from China and India, the world’s most densely populated countries. This is because the prevalence of food adulteration is maximum across these countries.

• Who are the leading food authenticity market players?

Presently, the global food authenticity market is interspersed with the presence of the following market players: EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs. The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

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

About FMI

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

Contact:

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

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Rising awareness regarding the health benefits of chickpea protein, coupled with increased health consciousness among people is propelling demand for chickpea protein. Moreover, the growing trend of veganism across the world, especially in developed economies, is poised to remain a critical factor driving the growth of the market. Chickpea protein aids in diabetes management by preventing the blood sugar levels from suddenly rising after consuming food. Furthermore, they bolster in controlling weight by swiftly burning calories during the digestion process.

Backed by its rich nutritional profile, chickpea protein also finds adoption among athletes to build muscle mass, making sports nutrition a lucrative segment for chickpea protein. Moreover, chickpea protein is labeled non-GMO plant-based protein, making it a fitting source of post-workout nutrition for athletes. When compared to other animal or vegetable-based ingredients, chickpea protein aids in proper maintenance, repair, and growth of both human and animal muscles, thus making it an ideal ingredient in the production of pet food.

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Along similar lines, rising concerns regarding animal welfare and adverse health effects among consumers is asserting food product manufacturers to seek substitutes for meat-based ingredients. On this premise, chickpea protein has emerged as the ideal alternative for animal-based ingredients in the food processing, nutraceuticals, and sports supplement sectors

Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global chickpea protein market will grow in value at a CAGR of ~5.1% between 2020 and 2030. Some of the key takeaways from the report include:

• The global chickpea protein market is forecasted to surge past valuation of US$ 142.4 Mn by the end of the assessment period
• By processing type, dry processing is projected to account for over 2/3rd of market share, owing to the low amount of energy and resources required
• Based on product type, protein isolates and protein concentrates account for the majority of the market share, accounting for near-equal proportions, with the former holding a slight edge
• Among end users, the food processing sector will hold over 66% of market value, while sports nutrition and nutraceutical sectors progress at higher growth
• Based on nature, conventional chickpea protein will remain the most sought-out type through the forecast period
• North America and Europe will collectively account for nearly 70% of total market share, ascribed to the presence of a large vegan and vegetarian population bases

COVID-19 Impact on Chickpea Protein Market

The outbreak of COVID-19 is expected to exhibit a dual impact on the growth trajectory of the chickpea protein market. As concerns regarding health surge across the world, consumers are actively seeking healthy food products, which is expected to boost the consumption of chickpea protein. However, operations in the food processing sector – the largest consumer of chickpea protein – have come to a screeching halt, leading to a downfall in demand. However, the demand for healthy, dairy-free food in Europe, where normality in the food sector is gradually returning post-pandemic, is likely to alleviate the challenge to an extent.

Who is Winning?

Key players operating in the market are leveraging the demand among a widening base of the vegan and vegetarian population, and are working on expanding their production capacities. To achieve the same, players are securing investment from governments and other players. On these lines:

• In April 2020, an Israel-based organization named InnovoPro raised US$ 15 million funding round by Jerusalem Venture Partners with participation from CPT Capital to boost the chickpea protein production.
• Also in April 2020, The Growthwell Group, a Singapore-based plant protein manufacturer, raised US$ 8 million funds from the Singapore government and other investors which includes Temasek, Insignia Ventures, DSG Consumer Partners, and Genesis Ventures. The funds will be used to build a new manufacturing facility.

FMI’s report includes profiles of some of the most prominent names in the market including Batory Foods, Ingredion Inc., Archer Daniels Midland Company, PLT Health Solutions, Chickplease, Cambridge Commodities Ltd, AGT Food and Ingredients, Nutraonly (Xi’an) Nutritions Inc., Chick.P, and InnovoPro

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12547

Frequently Asked Questions

• What is the market size of the chickpea protein market?
• Which is the largest regional market for chickpea protein?
• Which are the top companies in the chickpea protein market?
• Which end-use segment is expected to channel the majority of revenue to the chickpea protein market?
• What is the outlook on the chickpea protein market?

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

About FMI

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

Contact:

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

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Over the past few years, owing to rise in the number of Indian, Italian, Mexican and Chinese restaurants across the world, the demand for herbs and spices has significantly increased. According to a new study by Future Market Insights (FMI), the demand is expected to remain high especially as developed countries report increasing influx of people from other nations. Globalization has therefore resulted in increasing demand taco seasoning, cilantro, Jalapeno pepper, chili powder, fajita seasoning mix, cumin, cinnamon, chipotle and paprika and other herbs and spices.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for herbs and spices. The report tracks the global sales of herbs and spices in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and herbs and spices in particular.

Also, ready-to-cook herbs and spices are gaining traction among buyers as the category helps in saving their time and is considered more convenient in use. The expansion of fast food restaurants/quick service restaurants (QSRs) will be a  boon, especially since food sector is expected to continue accounting for more than 45% of sales registered in the market.

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The herbs and spices market has remained fragmented, exhibiting the presence of various small and mid-tier manufacturers. However, due to increasing collaboration activities between small & mid-tier manufacturers and top tier companies, the number of small and medium companies have decreased, resulting in a more uniform and less diverse landscape. For instance, in August 2015, Symrise A G. acquired Flavour infusion LLC and expanded its product range of applications in the area of beverages in the flavoured mineral water market.

Key Takeaways from the herbs and spices Market Study

• Despite obstacles witnessed amid COVID-19, herbs and spices sales are poised to surge, exhibiting nearly 5% y-o-y growth in 2021
• Multiculturalism will drive the U.S. market, enabling it account for more than 90% of sales in North America
• Expansion of food sector will enable y-o-y growth at 3.1% within the U.K. in 2021
• Moderate growth is expected in Germany and France
• China will remain dominant, exhibiting high sales in East Asia, Japan and South Korea to catch up in terms of growth rate

“Globally, the demand for herbs and spices is on an upward swing as they increase the sustainability of food products without the requirement of adding sugar and salt which run the risk of adding extra calories in daily diet. Manufacturers are investing in research and development to launch unique herbs and spices products. They are launching various innovative natural, organic, chemical-free herbs and spices offerings, which will aid the overall growth of the market,” said a lead analyst at FMI.

Manufacturers to Focus on Sourcing from Local Suppliers

Herbs and spices are used globally for adding flavor and color to food and beverage products, novel foods, food supplements, and as a source of essential oils and aromatic extracts. The non-availability or inadequacy of standards for checking and assuring the quality of herbs and spices is one of the main problems that arise for players in the food and beverage industries when using such raw materials.

As various herbs and spices are harvested from the wild, standardization is important to assure their quality as it is widely used in the food and beverage industries. Consumers are becoming conscious about the quality as well as the source of the raw material from which food or beverages are made. Manufacturers are preferring local suppliers of raw materials, as they can easily check the quality and source of the raw material. Moreover, this reduces the cost of transportation, which is beneficial for manufacturers.

Who is winning?

Some of the leading companies operating in the Herbs and Spices market are: Givaudan S.A, Kerry Group Plc., Ajinomoto Co., Inc., Firmenich SA, Takasago International Corporation, Olam International, Archer Daniels Midland Company, Robertet SA, Sensient Technologies Corporation, Kalsec Inc., McCormick & Company, Inc., Symrise AG,Frutarom Industries Ltd, Synthite Industries Ltd, International Taste Solutions Ltd.

Key players of herbs and spices are focusing on innovation through research and development. The company is concentrating on acquisition, mergers, and joint venture for the expansion of product portfolio, geographical presence and to increase the production capacity for herbs and spices.

• In July 2016, Dohler GmbH acquired Teawolf a manufacturer of botanical extracts and natural ingredients in the U.S. The aim behind the acquisition was to expand its product portfolio in natural ingredients and to strengthen its position in global botanical extracts market.
• In July 2017, McCormick & Company, Inc. acquired of Reckitt Benckiser’s Food Division. The acquisition aimed to increase the production capacity of the flavouring division.

Herbs and Spices Market by Category

Product type

• Herbs
• Spices
• Paprila (Hot Pepper)
• Cumin

End Use

• Food
  • Sauces, Dressings, and Condiments
  • Bakery and Confectionery
    • Breads/Cakes
    • Biscuits
    • Snacks
    • Candies
    • Other Baked Goods
  • Dairy Products
    • Flavored Milk
    • Cheese/Cheese Products
    • Butter Ice Creams
    • Other Dairy Products
  • Snacks & Savory Products
  • Processed Food
  • Soups
  • Flavored/Infused Oils
  • Others
• Beverage
  • Alcoholic Drinks
  • Non-Alcoholic Drinks
  • RTD Beverages
  • Juices, Concentrates, and Puree
  • Others
• Food Service
• Retail

Form

• Powder & Granules
• Flakes
• Paste
• Whole/Fresh

Sales channel

• Direct
• Indirect
  • Store-based Retailing
    • Hypermarket/Supermarket
    • Convenience Stores
    • Traditional Grocery Retailers
    • Food & Drink Specialty Stores
  • Online Retail

Nature

• Organic
• Vegan
• Natural
• Non-GMO
• Conventional

Region

• North America
• Latin America
• Europe
• Switzerland
• East Asia
• South Asia
• Oceania
• MEA
• Nigeria
• GCC Countries

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Get Valuable Insights into Herbs and Spices Market

Future Market Insights, in its new report, presents an unbiased analysis of the global herbs and spices market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on product type the market can be segmented into herbs, spices, paprika, and cumin.

In terms of nature, the market can be segmented into organic, vegan, natural, Non-GMO, Conventional. Based on form the market can be segmented into powder and granules, flakes, paste, whole or fresh. Based on end use the market can be segmented into food, beverage, food service and retail. Based on distribution channel market can be segmented into direct, indirect and online retail. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

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

About FMI

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

Contact:

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

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The global casein market stood at a value of USD 2.40 billion in 2022. The market is further expected to grow in the forecast period of 2022-2032 at a CAGR of 5.8% to reach a value of USD 6.8 billion by 2032.

Rising demand for nutrition-rich function foods underpins the growth trajectory of the casein market. As consumers become health conscious, they are drifting towards consuming naturally derived foods, prompting manufacturers to introduce novel products in the market. Additionally, rising sports activities is stimulating demand for casein rich beverages.

According to Future Market Insights analysis, Lactalis Group, Fonterra Co-operative Group, Royal Fries Campina N.V., Savencia Fromage are identified as key casein brands.  In 2021, Asia Pacific Casein market grew by 12% year on year, bucking initial scepticism about how the market would perform during a global pandemic. Across North America, total demand/sales of Casein Market reached 2.6 Mn

In terms of product type segment of Casein market, ready to eat meals and sports nutrition collectively accounted for USD 4.1 million in 2021, according to the Annual Market Analysis conducted by Future Market Insights. 

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Key Takeaways

• Global casein market shall expand at a CAGR of 5.8% from 2020-2030
• Europe to remain market hegemon, capturing 26.7% of the revenue share, followed by North America (20.7%)
• Sodium caseinate derivatives to tower over others, capturing over 50% of the market
• By end-use, texturizing agents to account for a substantial revenue share, particularly in cheese processing
• Presence of retroviral agents boosts adoption to treat diseases like HIV/AIDS across the pharmaceutical industry

COVID-19 Impact Analysis

In the initial months of the pandemic, logistical constraints rendered it difficult to procure raw materials for productions. This led to a cessation of production to a large extent. Fortunately, heightening demand for health-based functional foods has sustained the growth.

As consumers are now careful about following a hygienic lifestyle, investments in immunity boosting foods is providing credible traction to casein imbued foods and beverages. Realizing this surging demand, prominent manufacturers are relying on online sales platforms to enable consumer access to their products.

Vendors are ensuring that production facilities remain operational while implementing strict safeguards to prevent infections on-premises. Mandatory social distancing and wearing personal protective equipment have proven very useful in maintaining continuity of operations.

Competitive Intelligence

Prominent players in the global casein market are Koninklijke FrieslandCampina N.V. (DFE Pharma), Fonterra Co-operative Group, AMCO Proteins, Arla Foods Ingredients Group P/S and Groupe Lactalis, and Glanbia, Plc. These accounted for a cumulative share of approximately ~40-50%. High product quality and variety has limited the competition to these companies.

Launching innovative products at affordable prices is at the cornerstone of these and other prominent players. In February 2018, FrieslandCampina launched a new ingredient, Micelate Prestige that offers heat stability, good dispersibility, emulsification, and low viscosity.

Likewise, in August 2020, Bioergs- an Italian start-up company, introduced a next-generation dextran that is 10x as inexpensive compared to standard dextran; it also has high level of casein to enhance the moisture by binding with water and also to maintain texture.

In August 2020, Arla Foods introduced its first organic ingredient due to increasing demand for natural protein ingredients. The product, MicelPure, has 87% native protein suitable for functional ingredient-based health foods. It contains reduced fat and lactose content, and is heat-stable.

Segments Covered In Casein Market Analysis

Derivatives Type

• Sodium Caseinate
• Calcium Caseinate
• Potassium Caseinate

End-Use

• Food
• Yogurt
• Cheese Processing
• Ready-to-eat Meals
• Dairy Products
• Coffee Whiteners
• Confectionary
• Sauce & Seasoning
• Meat Processing (Sausage)
• Meat Products
• Beverage
• Pharmaceuticals
• Infant Nutrition
• Clinical Nutrition
• Sports Nutrition
• Personal Care
• Skin Care
• Hair Care
• Cosmetics
• Agriculture/Animal Feed/Poultry
• Other Industries

Function Types

• Texturizing Agent
• Flavoring Agent
• Coating Agent
• Binding Agent
• Emulsifying Agent
• Heat Stabilizing Agent

Region

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

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12513

More Valuable Insights on the Casein Market

A recent market study published by Future Market Insights on the Casein market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Casein market, the growth prospects of the market are obtained with maximum precision.

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

About FMI

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

Contact:

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

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Heightening health and environmental concerns have compelled consumers to bring about a paradigm shift in their eating habits. Increasing presence of inorganic contaminants such as chemicals and excessive antibiotics have heightened incidences of chronic and infectious diseases. These broader factors are likely to drive global spice oils & oleoresins market during 2020-2030, according to a new research by Future Market Insights.

Oleoresins and spice oils are preeminent in the food & beverage industry. Oleoresins are botanical extracts, amalgamating essential oil and resin constituents. They are non-volatile or volatile compounds obtained from spices using solvents.

Possessing properties akin to conventional spices, oleoresins are effective substitutes providing equally effective texture, aroma and flavor. Moreover, they are easy to store and transport due to their highly concentrated nature leading to immense bulk and space savings.

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COVID-19 Impact Insights

As the world buckles under the pressure of COVID-19, the spice oils & oleoresins market is anticipated to remain stoic throughout its duration in the short-term. Rising demand for ready-to-eat products across the world has assisted the oleoresin market to survive despite logistical roadblocks.

Heightening demand for noodles, pasta and other instant foods during the pandemic as well as the drive to prepare new home-cooked tasty meals have generated good tidings for the market. However, demand is likely to suffer in the HORECA segment as dine-out facilities have shut down amid implementation of social distancing measures.

Despite this slowdown, the global landscape is anticipated to remain substantially strong throughout the duration of the pandemic, with consistent demand being generated from the pharmaceutical and instant food industries.

Competitive Intelligence

The global spice oils & oleoresins market is interspersed with the presence of multiple players. Majority of these players are making inroads into the South Asian markets, attributed to the easy availability of spices and other raw materials. Major emphasis is on forging links with regional distributors to augment sales networks.

In September 2019, doTERRA International LLC, a prominent essential oils manufacturers, established its business outreach into the South American market, initiating a new corporate office in Colombia. The company manufactures essential therapeutic oils derived from oleoresins. This foray has helped South American customers access to top quality therapeutic oils.

Ultra-International B.V, a prominent Dutch oil specialist company, operates across several prominent regions, having its operations in countries such as Singapore, US, Australia, the Middle East and India. The company manufactures a range of oils from plant-based sources, such as cloves, coriander, cumin and eucalyptus among others.

Key Segments

Type

• Spice Oils
• Oleoresins

Distribution Channel

• B2B/Direct
• B2C/Indirect

Nature

• Organic
• Conventional

Application

• Food & Beverages
• Bakery & Confectionery
• Beverages
• Dressings & Condiments
• Sauces, Spreads & Soups

• Cosmetics and Personal Care
• Skin Care
• Hair Care
• Toiletries
• Aromatherapy

• Pharmaceuticals
• Household
• Dietary Supplements
• Foodservice
• Industrial

Region

• North America (U.S & Canada)
• Latin America (Mexico, Brazil, Peru, Argentina & Rest of Latin America)
• Europe (EU-4, BENELUX, Nordic Countries, Russia, Poland & Rest of Europe)
• South Asia (India, Thailand, Indonesia, Malaysia and Rest of South Asia)
• East Asia (China, Japan & South Korea)
• Oceania (Australia & New Zealand)
• Middle East & Africa (GCC, Northern Africa, South Africa & Rest of MEA)

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-4510

More Insights on the Spice Oils & Oleoresins Market

A recent market study published by Future Market Insights on the spice oils and oleoresins market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. The report has been segmented on the basis of type (spice oils and oleoresins), nature (organic and conventional), application (food & beverages, cosmetics & personal care, pharmaceuticals, dietary supplements, household, foodservice and industrial) and region (North America, Latin America, Europe, South Asia, Oceania, East Asia and MEA).

Check Some Other Reports :

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https://zenwriting.net/fmi/protein-snacks-market-share-revenue-and-average-price-by-manufacturers-shared

https://writeablog.net/archanaaher/protein-snacks-market-global-briefing-growth-analysis-and-opportunities

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

About FMI

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

Contact:

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

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Yellow pea protein is a supplement that is primarily extracted from yellow peas and is increasingly used across the food & beverages sector to increase protein content in shakes and smoothies. Over the past decade, new food trends have emerged at a consistent rate around the world, including veganism, free form, clean-label, and chemical-free. As a result, the demand for yellow pea protein has witnessed steady growth and the trend is expected to gain further momentum during the forecast period. The health benefits associated with yellow pea protein is another major factor that has attracted considerable interest from food manufacturers.

At the back of these factors, along with the entry of a number of food manufacturers that are pinning their hopes of the growth of plant-based and vegan products, the global yellow pea protein market is expected to attain a market value of ~US$ 3.1 Bn by the end of 2030.

Plant-based food products have gained fast-paced popularity over the course of the last decade due to which, the demand for plant-based proteins continues to move in the upward trajectory– an important factor that is likely to drive the expansion of the global yellow pea protein market during the assessment period. Some of the other factors that are likely to aid the growth of the market for yellow pea protein include its optimum shelf life, easy-to-add attribute, stable price, nutrients content, and sustainability, among others. At present, yellow pea protein is increasingly being used to manufacture protein shake powders, vegan burgers, plant-based milk, etc.

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the yellow pea protein market. Some of these are:

The yellow pea protein market has shown significant growth in recent years. The market is valued at US$ 1,737.2 Mn in 2019. The market is expected to show a dip in 2020 sales owing to the COVID-19 crisis. Market is forecasted to show significant growth during the recovery period of the COVID-19 crisis. North America accounted for 33.5% of the global volume share in 2020 as the largest buyer. Increasing demand for gluten-free products in the U.S., the sport nutrition industry’s robust growth are important factors that positively influence growth. Yellow pea protein processed by dry processing segment accounted for 68.2% of total revenue market share in 2020 and is expected to continue to lead over the forecast period. Major use of the form in the production of nutritional health supplements, bakery goods and meat products is expected to fuel the segment in the global market.

Yellow Pea Protein in Animal Nutrition Products

Since the last decade, yellow pea protein is significantly used in place of wheat, beet pulp, soy, and corn fibers in pet foods. The yellow pea protein, which is used in pet food primarily, has bland that doesn’t affect the palatability of the pet food. According to  PetfoodIndustry.com, “In pet foods, yellow pea protein is used as  nutritionally functional fiber due to laxation effects associated with  water holding capacity (Nearly 13ml water per gram of yellow pea  protein) of the insoluble fiber”. Yellow pea protein is a filler that is added by inexpensive mass-markers in pet food products for various reasons.

However, none of that reason is related to providing appropriate nutrition for pets as it is relatively high in crude fiber and low in fat. Owing to these factors the yellow pea protein is an essential ingredient required for lowering the calorie amount for weight management among pets. In June 2019, FDA (Food and Drug Administration) stated that many ingredients used in pet foods such as grains and meats are considered safe and does not require pre-market approval.

Who is winning?

Yellow pea protein manufacturers market products for utilization in meat substitutes, nutritional supplements, snacks, and baked goods to the food and beverage industries. Many of the manufacturers formed strategic relationships with distributors to ensure distribution of yellow pea protein. Roquette America entered into a strategic alliance with World Food Processing to produce and sell their North American pea protein isolates. World Food Processing also participates in the processing and cultivation of several grains, one of the primary ones being yellow peas.

Roquette Frères is focusing on expanding its production units to fulfil the demand of protein products. In 2017, the company built a pea protein production unit in Canada to meet fast-growing demand for vegetable protein in food and pharmaceutical products in North America. The company focuses on producing various innovative pea protein products, frequently. In 2019, the company launched two textured proteins products, one from the peas and one from the fava beans. Burcon NutraScience Corporation is focusing on increasing their production capacity through joint venture. The company has entered into a joint venture with Merit Functional Foods to develop a new canola-protein and pea-protein commercial production facility in Canada. This protein production plant, is expected to initially process more than 20,000 tonnes of peas per year beginning in mid-2020. Key Segments

Key Segments

Nature

• Conventional
• Organic

End- Use

• Food Processing
  • Meat Alternatives
  • Bakery Products
  • Confectionery
  • Snacks & Cereals
  • Meat-Based Products
  • Others
• Animal Feed
  • Livestock
    • Cattle
    • Swine
    • Poultry
  • Pet Food
  • Aqua feed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition
• Cosmetic & Personal Care

Product Type

• Protein Concentrates
• Protein Isolates
• Textured Protein
• Hydrolyzed Protein

Process Type

• Dry Processing
• Wet Processing

Global

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

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Yellow pea Protein Market Outlook & Key Findings

• • Global yellow pea protein market to rise at a CAGR of 6.1% between 2020 and 2030
  • Organic yellow pea protein ingredients segment is expected to have CAGR 7.1% in the forecast period
  • Amongst yellow pea protein end use segment, the demand from food processing sector is estimated to lead market share with 50.4% share in 2020
  • The market for food processing segment is valued at US$ 861.4 Mn in year 2020 which is expected to be valued at US$ 1,492.3 Mn by the end of 2030
  • In the processing type segment, wet processing is expected to grow at a CAGR 6.8%
  • North America is anticipated to have largest market share of yellow pea protein industry with a value share of 32.8% in the year 2020

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

About FMI

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

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Newly released data from Global Lupin Protein market size was estimated at USD 89 million in 2022, growing at a CAGR of 5.1% during the forecast period 2022-2032. Lupin market size is estimated to reach at UAD 142.4. Mn by 2032

According to the market research analysis, Prolupin GmbH, The Protein Bread Company, Costantino & SpA, Frank Food Products, Lup Ingredients, Barentz International are identified as key Lupin Protein brands.

In the food and beverage industry, meat substitutes, bakery products, and confectionery are the major segments witnessing high demand, followed by snacks & cereals products.

In terms of product type segment of Lupin Protein market, protein concentrates & isolates, and confectioneries collectively accounted for USD 31 Mn in 2021, according to the Annual Market Analysis conducted by Future Market Insights.

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FMI in its report studies various factors helping the lupin protein market gain impetus across these countries.

The FMI study delves deep into the prevailing dynamics to offer interesting insights into the lupin protein market. Some of these are:

With growing awareness for benefits of plant-based products among consumers, the demand for alternatives protein has increased. This is encouraging manufacturers to develop innovative plant-based products with lupin protein as a key ingredient. According to FMI, the global lupin protein market is estimated to be valued US$ 84 Mn in the year 2020 Among the end-use segments, food processing accounts for the leading market share and boasts a value of US$ 59 Mn. It is projected to expand at a CAGR of 4.7% over the forecast period Europe accounts for the largest share in the global market owing to the awareness among consumers regarding the benefits of lupin and its products. There are large number of manufacturers located in Europe, more concentrated in EU-4, Germany, and others. Their presence is expected to boost the market in the region Lupin protein products are recently introduced in North America. However, to realize impressive growth prospects in the region, market players are required to invest increasingly in marketing their products and promoting various health benefits of lupin protein

“Plant proteins are finding increasing application as a nutritional ingredient since they are obtained from nature and are additive-free. As a result, application of plant-based protein is increasing for food & beverage and nutritional purposes, as it is pure, natural, non-GMO, enriched with amino acids, and can be easily mixed with beverages and food products,” said a lead analyst at FMI

Increasing Focus on Preventive Healthcare Anticipated to Fuel Demand for Lupin Protein      

Sedentary lifestyles is often linked with the rising prevalence of lifestyle-related issues and diseases. To combat these issues, consumers are turning towards preventive healthcare and switching to healthy food with potential health benefits. Lupin is growing in popularity as a superfood and is used as key ingredient in dietary supplements, sports nutrition, nutraceuticals, and food products.

The growing popularity of lupin protein in various end-use applications is attributed to the health benefits associated with its consumption. Lupin is devoid of starch, which is very unusual for species of edible bean. It also contains moderate amount of carotenoids beta carotene, lutein, zeaxanthin, and tocopherols (vitamin E), which make it a “superfood” for today’s generation.

Lupin protein is a natural food, which has higher calcium and phosphate content than cereals. The increasing awareness regarding health and wellness among consumers has resulted in the increasing adoption of lupin protein as key ingredient across the food and beverages sector.

Who is winning?

The lupin protein market is currently at a nascent stage and the dearth of awareness is acting as a major restraint to growth. Companies operating in the market are currently focusing on product launches and spreading awareness about various health benefits to gain competitive advantage.

Companies such as Aminola, Coorow Seeds, and Lupine Protein Isolate (LPI) are focusing on various technological innovations to preserve nutritive profile of their ingredient and expand their customer reach.

Of these, Coorow Seeds is Hazard Analysis and Critical Control Point (HACCP) accredited, which ensures that under no circumstance the company will render food unsafe. Consumers are likelier to prefer food from companies with similar certifications.

Segments Covered in Lupin Protein Market Analysis

Nature

• Conventional
• Organic

End- Use

• Food Processing
• Meat Alternatives
• Bakery Products
• Confectionery
• Snacks & Cereals
• Meat-Based Products
• Others
• Animal Feed
• Livestock
• Cattle
• Swine
• Poultry
• Pet Food
• Aqua feed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition

Product Type

• Protein Isolates
• Protein Concentrates
• Flour
• Other Product Type

Process Type

• Protein Isolates
• Protein Concentrates
• Flour
• Other Product Type

Processing Type

• Dry Processing
• Wet Processing

Global

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

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Key Questions Answered in the Report

• How much is the current worth of Lupin protein market?

Currently Lupin protein market is worth more than USD 89 Mn.

• At what CAGR is the market expected to grow?

Lupin protein market consumption is expected to grow at a CAGR of around 5.1% during the period 2022-2032.

• How was the performance in the last five years?

In terms of revenue, Lupin protein market grew at a CAGR of around 4.7% during 2017-2021

• What is the demand outlook forecast for the Lupin protein market?

The global Lupin protein market is forecasted to surpass USD 142.2 Mn by the end of 2032.

• Who are the top 5 players operating in the market?

Prolupin GmbH, The Protein Bread Company, Costantino & SpA, FRANK Food Products, Lup Ingredients, Barentz International are expected to be the top players driving the market growth.

• How are market players reacting to the new developments in the market?

Market players are focusing on new product launches, Lupin protein distribution channels, merger and acquisition strategies to remain a prominent player in the global market.

• Which are the major countries driving demand for Lupin Protein?

The Asia pacific, U.S., and Europe are the major countries driving demand for lupin protein

• At what rate will the U.S. Lupin protein market grow?

U.S. Lupin protein market is projected to grow at a CAGR of around 26% over the next ten years.

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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 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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The global lentil protein market size is expected to reach US$ 142 Mn by the end of 2030, growing at 5.4% CAGR. Lentil protein market players are benefitting from broader gains in plant-based protein industry and veganism boom. FMI’s research report opines lentil protein marketplace to witness a foray of new players during the course of the forecast period.

New opportunities for lentil protein-based food products have arisen due to an increase in demand for allergen-free ingredients, supported by both environmental and nutritional concerns.

The global demand for plant-based protein in formulated foods is growing significantly and the trend is unlikely to settle down in the near future. Therefore, as a result of changing consumer preference the sales of allergen-free nutrition products will continue increasing across the globe.

These reasons include personal health, animal welfare, and environmental concerns. There has been a 600% rise in individuals recognizing themselves as vegan in the U.S., which indicates veganism is rising rapidly in the country. An increasing number of consumers are opting for a vegetarian or vegan diet to follow healthy lifestyles.

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Consumers are becoming more conscious about their food habits, which is compelling food producers to include plant-based ingredients to appeal to health-conscious consumer across the world. Targeting vegetarian or vegan consumers has become a popular trend, which is resulting in increased production of plant-based lentil protein.

Protein fortification helps in improving the nutritive profile of everyday food products giving them high-protein label. Consumer preference for protein-rich products is rising because of the increasing incidence of lifestyle-related diseases and weight management. This will augur well for the market, creating scope for its expansion.

Bakery and snack products containing vegetable protein is gaining popularity across the globe. Therefore, some of the key players in these sectors are increasing the use of lentil protein to increase the nutritional properties of bakery and snack products.

FMI’s report provides an exhaustive overview of the lentil protein market. It covers prevailing trends, growth drivers, opportunities, and potential restraints. The effect of numerous strategies adopted by the key players is studied as well in detail in the report.

It includes in-depth insights into the lentil protein market. Some of these are:

The estimated value of the lentil protein market was at US$ 84.2 Mn in 2020. The rising awareness regarding health and wellness and animal well-being is Enabling growth in the market The sale of ready to cook food products is rising as millennials find it is easy and convenient to cook. The use of lentil protein is rising in ready to eat products to offer better quality and nutritive profile to consumers The North America market is expected to dominate the lentil protein market and anticipated to grow with CAGR ~7% in the forecast period Due to the COVID-19 pandemic, the consumption of animal-based products is decreasing and plant-based products are rising which will enable growth in the lentil protein market

“Rising awareness regarding health and wellness has impelled consumer to opt for gluten-free, non-GMO, organic and natural food products. This has in turn improved scope for application of lentil protein across food companies,” said a lead analyst at FMI.

Increasing Consumer Interest in Gluten-Free Food Products Driving the Lentil Protein Market

Lentil is gaining more traction, particularly because lentil-derived ingredients are considered good alternatives for grain-based flour and are often used in gluten-free products.

Avoiding gluttonous food is one of the most well-known dietary trends in the U.S. More than 100 million people in the U.S. consume gluten-free products, most of these individuals do not even have celiac disease.

As a result of increasing awareness regarding the benefits of gluten-free food, consumers are likely to showcase higher demand for products containing plant-based ingredient. This will bode well for the lentil protein market.

Who is Winning?

Some of the key players operating in the lentil protein market are Archer Daniels Midland Company, Cargill Inc., Parabel USA Inc., AGT Food and Ingredients, Biorefinery Solutions, Ingredion Inc., BI Nutraceuticals, Inc., Vestkorn Milling AS, Henry Broch Foods, AMCO Proteins, GEMEF Industries, and other players.

Key players are focusing on expanding product offerings and production capacity of plant-based protein ingredients by a joint venture, acquisition, and mergers.

In March 2020, ADM expanded its production of non-GMO soy protein concentrate in the Netherlands. The aim behind the production expansion was to strengthen the production capacity of plant-based ingredients In January 2018, Cargill entered into a joint venture with PURIS. The Cargill invested US$ 25 Mn to add substantial capacity at the Turtle Lake, Wis. production facility. The aim behind the joint venture was to expand the geographical presence and product portfolio of protein ingredients.

Key Segment

By Product Type

• Protein Isolates
• Protein Concentrates
• Flour
• Other Product Types

By Nature?

• Organic
• Conventional

By End Use

• Food Processing
  • Bakery & Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacements
  • Infant Foods
  • Other Food Applications
• Animal Feed
  • Livestock
    • Cattle
    • Swine
    • Poultry
  • Pet Food
  • Aquafeed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition

By Processing Type

• Dry Processing
• Wet Processing

By Region

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

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Lentil Protein Market Outlook & Key Findings

• Future Market Insights (FMI) forecasts the global lentil protein market to expand at a CAGR of 4.9% over the forecast period (2020-2030)
• Application of lentil protein is rising among food, sports nutrition, nutraceutical, and infant formula products
• Dry processing accounts for more than 65% of the market in 2020, owing to its myriad applications over wet processing
• As of 2020, lentil protein isolates hold over 45% volume share against other product types

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

About FMI

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

Contact:

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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Superfood powders have moved beyond the health food stores to land at local supermarkets and hypermarkets. While the authenticity of benefits of these products is still a subject of debate in various scientific spheres, large-scale and increasing demand for superfood powders is paving the way for innovative products and new businesses, according to a new report by Future Market Insights (FMI).

Superfood powders are nutrition-rich products that offer specific health benefits, ranging from imploring immune system and detoxifying the body naturally, to boosting energy levels as well as sexual health.

These products are considered suitable for adding significant nutrients to food and beverages – baked goods, yogurt, smoothies, and lattes – that are consumed on a daily basis.

Consumers perceive their health and well-being comprehensively, embracing a balanced set of lifestyle habits that scale up to a more general sense of feeling well. In addition, consumers are increasingly seeking food products with a functional boost, whether the product is a snack, beverage, or on-the-go meal.

Recent studies reveal that consumers have been increasingly turning to food and beverage choices that provide functional benefits over the recent past, yet the trend has gained significant momentum during the COVID-19 pandemic.

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Superfood Powders Market Size Study

About 65% of consumers seek food and beverages with added functional ingredients, and 25% are actively looking for superfoods Functional ingredients such as moringa, maca, hemp, and matcha remain bestsellers East and South Asia to reflect potential growth prospects in the coming years

“Consumers are substantially looking for plant-based protein, with various startups delivering novel categories of alternatives to dairy and meat. As these startups build up, few are innovating new types of plant-based protein that go beyond soy or nuts. Algae protein, pea protein, and chickpeas are witnessing strong early-phase momentum,” says the analyst at FMI.

COVID-19 Impact on Superfood Powders Market

The COVID-19 pandemic has triggered notable change in consumer behavior, as consumers are substantially demand for health-centric food and beverages.

Some consumer-health firms in the US have registered rise in prevention- and immunity-oriented products amid the pandemic, with an over 40% y-o-y surge in sales of multivitamins.

Moving ahead, consumers are shifting from conventional channels to other channels for buying superfood powders in the wake of social distancing norms and stay-at-home orders. Online sales of grocery items soared by 20% y-o-y in Italy from February 23 through March 11, 2020.

Similar shifts in purchasing platforms are already in progress in the US, where online traffic for groceries has climbed up by at least 25%. Driven by these pandemic-led facts and figures, manufacturers of superfood powders are going online to lock in consumers through better-quality products.

Key Segment

Nature

• Organic
• Conventional

Sales Channel

• Modern Trade
• Convenience Store
• Specialty Store
• Pharmacy Store
• Online Retail
• Other Sales Channels

Region

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

Superfood Powders Market – Competitive Intelligence

The global superfood powders market remains highly competitive. As such, market players are differentiating their product portfolio with unique value propositions to firm their grip in marketplace.

Brandless has rolled out 15 new products including vitamins, superfood powders, supplements, and essential oils. The superfood powders comprise of plat-based protein, matcha, and maca. Moreover, all of the products are gluten-free, organic, and vegan. Nutiva has introduced Organic MCT Creamer that contain medium-chain triglycerides (MCT) extracted from coconut oil. Love Beets has developed ‘Love Beets’ superfood powder for health and fitness enthusiasts. These superfood powders are made with 100% beets, contain no additives, sugar or preservatives, and are non-GMO, gluten-free, and organic.

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Want To Know More About Superfood Powders Market?

A new market research report published by Future Market Insights (FMI) on the global superfood powders market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the superfood powders market through three different segments – nature, sales channel, and region. The superfood powders market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of superfood powders and product adoption across several end-use industries

Superfood Powders Market Outlook & Key Findings

• Market to ride the global wave of ‘organic’ and ‘vegan’ trend
• Online channels gain prominence due to COVID-19 induced behavior changes
• Seeds, berries, and exotic algae powders to stay in-demand
• North America largest market, with the US accounting bulk of the demand

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About FMI

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

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

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Demand in the bubble tea market is expected to reach US$ 2.3 Bn in 2021. Looking forward, Future Market Insights (FMI) expects the global bubble tea market size to reach US$ 5.5 Bn by 2031, exhibiting growth at 8.8% CAGR for 2021-31.

Bubble tea is made using black tea, green tea, oolong tea, or white tea. It has a milk base and includes chewy tapioca balls or boba and fruit jelly.

Sales of bubble tea or pearl milk tea is growing in response to the high demand for healthier alternatives to carbonated drinks. With demand forecast to grow at an impressive pace, the overall bubble tea market will represent 2% of sales registered in the tea industry in 2021.

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Future Market Insights offers a holistic overview of the global market in its report. It offers various interesting facts about the market and evaluates investment feasibility across key segments. Some of the key factors highlighted in the report are:

Tracing back its origin to Taiwan, bubble tea will continue witnessing immense popularity in East Asia. FMI forecasts Asia Pacific to hold dominant share in the market Demand for fruit flavored bubble tea is expected to rise higher, giving impetus to the overall market Among teas available, black tea will continue leading the market thanks to consumer preferences for healthy beverages

“Availability of bubble tea in a plethora of flavors has helped the sales to pick up in the last few years. While chewy tapioca balls have lesser calorie count, they are soaked in sugar which makes them less healthier. Given the scenario manufacturers are expected to experiment with various flavors and healthier versions of bubble tea incorporating green tea and other exotic flavors to retain consumers,” said a lead analyst at FMI.

Who is winning?

The bubble tea is a highly competitive one, wherein manufacturers are looking at expanding their footprint to gain edge over rivals. Besides this, there is ample focus on product launches as well. In both front, market players are engaging in creating awareness about bubble tea. Many even underscore the various health benefits and antioxidant properties to give tailwinds to sales.

FMI profiles some of the leading companies operating in the bubble tea market. These include Chatime, OCOCO International Co., Ltd., Quickly Corporation, Gong Cha USA, Boba Guys, Inc., ZEEKEI GmbH, Sharetea, VIVI BUBBLE TEA, 8tea5, Kung Fu Tea, Ten Ren Tea, Inc., Lollicup USA, Inc., Tapioca Express, Inc., Boise Boba, and Woop Bubble Tea.

Bubble Tea Market by Category

By Base Ingredient:

• Black Tea
• Green Tea
• Oolong Tea
• White Tea
• Others

By Flavour:

• Original
• Flavored
  • Nut-Flavoured
  • Chocolate
  • Fruit
  • Honey
  • Mocha
  • Coconut
  • Caramel
  • Vanilla

By Sugar Content:

• Regular
• Reduced Sugar/Sugar Free

By Format:

• Ready-to-Drink (RTD)
• Instant Mixes

By Toppings:

• Pearl
• Grass Jelly
• Coconut Jelly
• Red Bean
• Multiple/Others

By Distribution Channel:

• Direct (B2B)
• Indirect (B2C)
  • Hypermarket/Supermarket
  • Convenience Stores
  • Grocery Retailers
  • Grocery Retailers
  • Wholesale
  • Other Store based Retailing
• Online Reatailing

By Region:

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

Ask Our Analyst More about Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-12310

Key Questions Answered in the Report

• What is the bubble tea market size?

The global bubble tea market size is expected to reach US$ 2.3 Bn in 2021. By 2031, the market value is poised to surpass US$ 5.5 Bn at 8.8% CAGR.

• What is the most popular bubble tea flavor?

Chocolate bubble tea, followed by nut-flavored bubble tea is most popular in the market.

• What are the key trends shaping the bubble tea market?

High demand for flavored beverages derived from natural ingredients is encouraging flavor innovation in the bubble tea market. Consequently, some of the leading bubble tea brands are emphasizing on frequent product launches, which is expected to remain key trend in the market.

• Who are the leading players in the bubble tea market?

Top players in the bubble tea market are Cha Time, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happy lemon, Lollicup USA, Inc., Share Tea. Key players accounted for around 40% of market share in 2020.

• How was post-COVID bubble tea market performance?

Despite supply chain disruptions witnessed amid COVID-19, the bubble tea market registered 7.5% year on year growth in 2021.

• What is the North America bubble tea market outlook?

The bubble tea market in North America will grow by 7.6% CAGR between 2021 and 2031.

• What is the Europe bubble tea market outlook?

The Europe bubble tea market will register growth at 7.6% CAGR through 2031

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