Market Research Blog – Page 1224 – New Product Development

India’s Alcohol Industry Expected to Soar to USD 112.3 Billion by 2034, FMI Analysis Shows

Alcohol Industry Analysis in India (Análisis de la industria del alcohol en la India) is poised for substantial growth, with a projected valuation of US$ 112,338.9 million by 2034, marking a significant rise from US$ 55,840.0 million in 2024.

During the study period, the Indian alcohol market expanded due to increased urbanisation, population expansion (especially in metropolitan areas), and rising disposable income. During this time, bar and cocktail culture extended across major cities, as did the country’s demand for alcoholic beverages. The Indian alcohol market is predicted to expand in the next years, driven by rising whisky consumption, particularly among urban consumers.

The Indian alcohol market is rapidly developing because to changing customer preferences, a growing middle class, and increased cultural acceptance. In this unpredictable environment, the rising demand for premium spirits and artisanal beverages reflects the country’s changing drinking habits and economic status.

Due to shifting customer preferences, an increase in the middle class’ population, and a rise in societal acceptance, the India alcohol market is rising at an astounding rate. Premium spirits and craft beverages are in high demand, reflecting the nation’s changing drinking culture and economic growth, in this dynamic environment.

The country’s changing demographics will accelerate the expansion of the target market even further. Between the ages of 18 and 25, a large share of the population is in this bracket. Furthermore, the country’s median age is thought to be around 27 years. These demographics are expected to support the expansion of the Indian alcohol market, despite the fact that the legal drinking age varies by state in India. Furthermore, higher expenditure on various lifestyle, food, and beverage items, including alcohol, will almost likely be a consequence of rising per capita disposable income. Again, there has been a major change in Indian lifestyle in recent years, especially among the urban population. With pub and cocktail culture being widely adopted, the future of the Indian alcohol sector is bright.

Though the IMFL segment leads market growth, beer, country liquor, and wine segments follow closely after the category and aid the expansion of the Indian alcohol market.

Key Takeaways:

The Indian Made Foreign Liquor (IMFL) segment is estimated to exceed a value of US$ 40 billion while registering a CAGR of 5.2% between 2016 and 2026.
IMFL will account for 66% of the total market revenue during the period of observation.
Beer, country liquor, and wine will follow closely after the IMFL segment during 2016 and 2026.
Andhra Pradesh and Telangana are the two states that are estimated to contribute significantly to the overall growth of the Indian Liquor Market.
Andhra Pradesh and Telangana have the highest number of alcohol consumers in the country.

Competitive Landscape

Allied Blenders & Distillers Pvt. Ltd., Bangalore’s SAB Miller India Ltd., and Tilaknagar Industries Ltd., among others, are some of the dominant players in the Indian alcohol market profiled in the full version of the report.

Leading market players are keen on product development and facility expansions. These organizations also adopt diverse organic and inorganic business strategies to improve their market position.

More Insights Into the Indian Alcohol Market

In its latest report, FMI offers an unbiased analysis of the global Indian alcohol market, providing historical data from and forecast statistics for 2016 to 2026. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (IMFL (brandy and cognac, rum, whiskies, white spirits, others), Beer (mild, strong), Wine (red wine, white wine, rose wine), country liquor), make (imported liquor, IMFL, foreign liquor bottled in India, Indian made Indian liquor), gender (male, female), ingredients (grains, molasses, fruits, and vegetables), distribution market (government-controlled, open market, auction market), and region.

According to the same reports, based on segmentation, the IMFL category will dominate the market with a CAGR of 5.2%. This category will surpass US$ 40 billion and account for 66% of the overall market revenue. Based on region, the South Zone will likely make substantial contributions to the total market growth. Owing to the presence of a large number of alcohol consumers, Andhra Pradesh and Telangana are estimated to dominate the market. In brief, the adoption of the ‘pub and cocktail’ culture, a growing urban population, shifts in lifestyles, and increasing disposable income will aid the growth of the Indian alcohol market during the projection period.

In-Depth Market Analysis: A Complete Report

Key Companies in India’s Alcohol Industry

Heineken N.V.
Carlsberg A/S
United Breweries Holdings Limited
Devans Modern Breweries Ltd.
Diageo PLC
Carlsberg India Pvt. Ltd.
Anheuser-Busch InBev.
B9 Beverages Pvt. Ltd.
Crown India Alcohols India Limited (AB InBev)
Radico Khaitan Ltd.
Beijing Enterprises Holdings Limited
Dogfish Head Craft Brewery, Inc.
Squatters Pubs and Craft India Alcohols
Sierra Nevada Brewing Co.
The Boston India Alcohol Company, Inc.

Key Segments Covered in the India Alcohol Industry Report

By Product Type:

Beer
- Lager
- Specialty Beer
- Craft Beer
- Low-alcoholic Beer
Spirits
- Whisky
- Rum
- Vodka
- Gin
- Brandy
- Tequila
Wine
Red Wine
Rose Wine
White Wine

By Distribution Channel:

Food Service Industry
- Restaurants
- Hotels
- Bars, Pubs, & Clubs
Retail
- Liquor Stores
- Specialty Retailing
- Government-run Retail Outlets/ State Excise Department
- Online Retailers

By Flavor:

Natural/Un-flavoured
Flavoured
- Citrus
- Ginger
- Apple
- Vanilla
- Berry
- Others

By Price Range:

Economy
Premium
Super Premium

By Packaging Type:

Cans
Bottles
Tetra Pak
Others (Pouches, Miniature)

By Region:

North India
South India
East India
West India
Northeast India

About Future Market Insights (FMI)

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

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Barley Market Set for Steady Growth: Expected to Reach USD 32.9 Billion by 2033

According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley sales (Ventas de cebada) are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023.

A significant trend driving the barley industry is rising use of barley for the production of alcoholic and non-alcoholic beverages, personal care items, pharmaceuticals, food, and animal feed. In both emerging and established nations, products made from barley have a significant demand due to their numerous functionalities and nutritional advantages. It is hence fueling growth in the global barley market.

A significant number of small-scale competitors are putting high emphasis on innovation than sales. Leading manufacturers with global footprints have increased mergers and acquisitions with small businesses to diversify their product offerings and serve a wide customer base. Rising trend for biodegradable packaging, which is environmentally friendly and made from barley straw is likely to drive growth in the global barley market in the next ten years.

Key Takeaways from Barley Market:

The USA accounted for 15.3% of the global barley market share in 2022.
The United Kingdom generated a share of 4.9% in the global barley market in 2022.
China is set to hold a share of 5.0% in the global barley market during the estimated time frame.
Germany accounted for a share of around 3.5% in the global barley market in 2022.
India barley market is set to generate a share of around 4.3% in the next ten years.

“In the long run, growing focus on products with high nutritional benefits and eco-friendly packaging would propel barley sales worldwide. Key players in both developed and developing countries are anticipated to innovate barley products to create new opportunities,” says a lead analyst at Future Market Insights.

Competitive Landscape: Barley Market

The market for barley is highly competitive worldwide. A few main factors influencing market expansion are introduction of new blends of barley and numerous applications of barley across various industries. Increasing awareness of products with health-promoting properties is another factor that would propels ales.

Leading companies operating in the barley market are GrainCorp Limited, Muntons Plc, Soufflet Group, Cargill, Incorporated, Boortmalt Group, Ireks GmbH, Malteurop Groupe, EverGrain, Crisp Malting Group, Maltexco S.A., Grain Millers Inc., Malt Products Corporation, Global Malt Gmbh & Co. Kg, and Briess Malt & Ingredients Co. among others.

Get More Valuable Insights into Barley Market

In its latest offering, Future Market Insights offers a thorough study of the barley market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.

The study provides compelling insights into the global barley market by product type (barley flour, barley girts, barley malt, barley flakes, whole grain barley, pearl barley), application (pharmaceuticals, alcoholic beverages, food industry, non-alcoholic beverages, animal feed, personal care products), grade (malt grade, standard grade, food grade, specialty grade, pharmaceutical grade, cosmetic grade, feed grade), and region.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Full Market Assessment: Comprehensive Report

Barley Market Outlook by Category

By Application:

Alcoholic Beverages
Non-Alcoholic Beverages
Personal Care Products
Animal Feed
Food
Pharmaceuticals (Supplements)

By Grade:

Malt Grade
Standard
Food Grade
Specialty
Pharmaceutical Grade
Cosmetic Grade
Feed Grade

By Product Type:

Barley Flour
Pearl Barley
Barley Girts
Barley Malt
Barley Flakes
Whole Grain Barley

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Frozen Pizza Market Set for Significant Growth: Projected to Achieve USD 35,994 Million by 2033

The global frozen pizza market is projected to grow significantly between 2023 and 2033. According to Future Market Insights, the market is expected to exceed USD 20,196 million in 2023 and reach approximately USD 35,994 million by 2033. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 6% during the forecast period.

The frozen pizza market is expanding due to increasing urbanization, rising disposable incomes, and growing interest in Western-style diets. The trend of eating at home more frequently has driven a surge in frozen pizza sales. This industry is projected to continue its growth over the next decade, fueled by companies’ insights into consumer preferences regarding variety, pricing, and purchase frequency. The demand for high-quality ingredients that cater to innovations in free-from and convenient food options is also expected to propel market growth. Additionally, the extended shelf life, easy availability, and affordability of frozen pizza further support the market’s expansion.

Key Takeaways from Frozen Pizza Market:

The global frozen pizza industry size developed at a CAGR of 2.4% from 2018 to 2022.
In 2018, the global market size stood at US$ 17,660.5 million.
The global market size stood at US$ 19,419.20 million in 2022.
Thin crust accounted for a maximum share of 63.3% of the global frozen pizza market in 2022.
Store-based retailing held a dominant share of more than 66.3% in 2022.
The large pizza segment accounted for 51.3% of the global market in 2022.
In 2022, the United States captured 17.2% shares in the global market.
In 2022, China captured 4.8% shares in the global market.
In 2022, India captured 25.2% shares in the global market.

Competitive Landscape

Increasing consumption of frozen pizza is prompting manufacturers to develop products with extended shelf lives. Major food and beverage companies are anticipated to drive global growth in the frozen pizza market by innovating new flavor formulations and exploring untapped markets in emerging economies.

Recent Developments

In June 2021, Brazi Bites announced the launch of a new product line – Pizza’nadas, a fusion of frozen pizzas and empanadas, for sale to consumers in the United States.
Dr. Oetker announced the expansion of its Ristorante frozen pizza range with the launch of a new Vegan Society-certified Ristorante Margherita Pomodori pizza for consumers in the United Kingdom.
Ole & Lena’s Pizzeria announced expansion plans to include wholesaling operations for frozen pizza offerings through retailers such as Walmart for select locations in the United States.

Key Players

Frozen Specialties Inc.
Jubilant Foodworks Limited
Convenio Foods Pvt. Ltd.
Giovanni’s Frozen Pizza
Monte Pizza Crust B.V.
General Mills Inc.
Nestle’ S.A.
McCain Foods Ltd.
Dr. Oetker GmbH
Daiya Foods Inc.
Connies Pizza
Conagra Brands Inc.
Others

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Market Segmentation

By Crust Type:

Thin Crust
Thick Crust
Stuffed Crust

By Toppings:

Cheese
Meat
Fruits and Vegetables
Others

By Sales Channel:

Store-based Retailing
- Convenience Stores
- Discounters
- Forecourt Retailers
- Hypermarkets
- Supermarkets
- Food Specialist
Online Retail

By Size Type:

Small
Medium
Large

By Region:

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

About Future Market Insights (FMI)

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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Food Service Equipment Market Projected to Reach USD 82.1 Billion by 2034, with a 5.6% CAGR Growth: Future Market Insights

The global Food Service Equipment Market Size (Mercado de equipos para servicios de alimentación) is estimated to reach USD 45,449.7 million by 2024 and USD 82,099.3 million by 2034. The market is expected to surge at a CAGR of 5.6% by 2034.

The growing popularity of convenience and ready-to-eat foods among customers in emerging nations is driving up demand for food service equipment. Due to shifting consumer lifestyles, more disposable income, increased brand awareness, and growing worries about the quality of food products, this potential is soaring. It is anticipated that a number of growing economies will open up new markets for the food service equipment sector.

Innovative and technologically sophisticated items are flooding the market, ranging from food preparation and storage research to programmable food service appliances that can prepare a variety of dishes. In the long run, it is projected that these items would assist market expansion.

The food service equipment industry’s key driving factor is the hotel sector. Food that is high-quality, nutritious, and requires less time and effort to make is preferred by busy consumers. This leads to a strong inclination toward quick-service eateries as well.

Tourism sector to present a booster shot to the growing food service equipment market in Europe

Europe has always been one of the most famous hubs for tourists. An increasing number of tourists would certainly contribute to the hospitality sector, which is expected further to boost the food service equipment market in Europe.

The FMI analysts believe that Germany is expected to be the largest market for food equipment in Europe and holds 20.3% of the European food service equipment market.

The hospitality industry in the region has been undergoing massive upgradation in terms of infrastructure and technology. In the hotels as well, the customers prefer to go in for food that requires less time to prepare and is nutritious as well. The food service equipment plays a key role in preparing as well as maintaining the freshness of such food in hotels.

Automation to provide the room for growth in case of Japan food service equipment market

The Japanese food service equipment market is expected to surge reasonably during the forecast period. The aim of the manufacturers in Japan is to improve food quality and, at the same time, provide cost-effective service. The automation of food service equipment has helped in scaling the quantity, increasing the quality, and at the same time, offering services at affordable rates.

Furthermore, the ability to maintain hygiene by sterilizing utensils has curated a lot of interest among Japanese stakeholders. Apart from that, the rising consumption of processed food is expected to surge Japan’s market share of food service equipment.

Rising technological developments in Korea presents a land of opportunities to the food service equipment market

The implementation of the latest technology in food service equipment has made it easier for consumers to select the right menu.

The manufacturers in Korea are making use of technologies like IoT, data analytics, etc., to ensure synchronicity at all levels. The implementation of such technology ensures that wastage is reduced and the efficiency of the restaurant increases because of minimum interference.

Additionally, the introduction of multi-functional modular kitchens as a part of the food service equipment ensures that the operations are streamlined. The manufacturers are making use of robots for the preparation and delivery of food, which would work in coherence with the food service equipment.

Key Takeaways from the Food Service Equipment Market Study:

The global market is expected to rise at a CAGR of 5.6% by 2034.
The United States is projected to surge at a CAGR of 4.3% by 2034.
Based on equipment type, the cooking equipment segment is expected to hold a market share of 43.3% in 2024.
By end-use, the hotel segment is projected to account for 20.3% market share in 2024.
The global market is expected to reach US$ 82,099.3 million by 2034.

“Food service equipment, including mixers, blenders, ice-cream machines, dishwashers, ovens, grills, and slicers, are being used more frequently as quick-service restaurants gain popularity. Integrating IoT and data analytics with food service equipment, including smart inventory management systems, touchscreen kiosks, integrated cooking equipment, and smart kitchens, contributes to waste reduction and increased restaurant efficiency,” says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Leading companies in the market are Electrolux Professional, Dover Corporation, Middleby Corporation, Duke Manufactures, and Tupperware Hobart Corporation. The increasing use of environmentally friendly technology equipment is directing key players to concentrate on business plans that benefit their companies, such as joint ventures, mergers, and acquisitions.

Manufacturers are working with solution providers to offer equipment that is focused on the client’s needs and addresses food waste by supermarkets, hypermarkets, and grocery shops. Furthermore, technical developments and the Internet of Things specifications define the food service equipment industry.

Key Companies Profiled

Rational AG
LG Electronics
Robert Bosch
Samsung Electronics
ACP Solution Inc.
Philips Electronics
Selecta
Haier Inc.
Illinois Tool Works
Electrolux Professional
Dover Corporation
Middleby Corporation
Duke Manufactures
Meiko
Tupperware Hobart Corporation
Ali Group SpA
Panasonic Corporation
Welbit

For instance,

In 2020, Middleby Corporation acquired Zhuhai Guangdong, a China-based United Food Service Equipment Group.
In May 2022, Welbilt, Inc. launched the Smart Restaurant Ecosystem.

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Food Service Equipment Market Segmentation

By Equipment:

Food Preparation Equipment
Drink Preparation Equipment
Cooking Equipment
Heating and Holding Equipment/ Buffet Service Equipment
Table Tops
Food Safety and Sanitation Equipment
Small Wares (1 Unit = 6 Pieces)
Dishwashers
Bar Supplies (Set)
Refrigerators and Chillers
Baking Equipment
Storage and Shelving Equipment
Food Packaging and Wrapping Equipment
Dinnerware (Set)
Glassware (1 Unit = 6 Pieces)

By End-use Industry:

Hotels
Fine Dine Restaurants
Casual Dining Restaurants
Fast Food and Quick Service Restaurants
Cafeteria
Institutional Canteens and Catering
Bakery
Commercial Kitchens
Travel Retail Services (Airways, Ships, Railways)
Household

By Sales Channel:

Online
Offline

By Region:

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

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Animal Feed Additive Market to Grow 6.9% Annually Until 2034 Amid Rising Livestock and Demand for Additives: FMI

The global Animal feed additives market (Mercado de aditivos para piensos animales) is projected to increase from USD 55,842.2 million in 2024 to USD 109,184.5 million in 2034. The market is anticipated to surge at a CAGR of 6.9% by 2034.

Feed additives are substances incorporated into animal diets to enhance the quality of feed, improve the quality of animal-derived food products, or boost the performance and health of animals. These additives can, for example, increase the digestibility of feed ingredients, leading to better overall nutrition and well-being.

The increased production of livestock has raised concerns about public health issues related to the use of antibiotics and the spread of foodborne diseases. As a result, probiotics or direct-fed microbials are gaining popularity in the animal feed market, as they promote gut health, overall productivity, and well-being in animals.

Probiotics also help control enteric pathogens and improve digestion and immune systems in animals such as cattle, ruminants, and poultry. Yeast-based probiotics are commonly used in swine, poultry, and ruminants.

Commercial probiotic-based animal feed additives usually contain microorganisms such as lactobacillus, streptococcus, bacillus, Pedi coccus, and Bifidobacterium. The demand for probiotics is expected to increase as the market shifts toward antibiotic-free meat. Adequate labeling of animal feed products is important to ensure safety and enable buyers to make informed choices.

Government regulations require proper labeling of feed ingredients, including complete lists of ingredients and nutrient levels. Balanced animal diets are crucial for livestock growth, development, and reproduction.

Animals have varying dietary requirements, and the inclusion of proper animal feed additives is necessary to enhance nutritional content. Insufficient nutrients can lead to malnutrition and health issues in animals.

Farmers are increasingly incorporating sustainable methods and investing in research and development to produce high-quality animal feed additives that improve livestock yield and the quality of end products such as eggs and milk.

Key Takeaways:

The animal feed additives market in the United States held a significant value share of 5.2% in 2034. The market is driven by increasing livestock production in the United States and Mexico, and strict government regulations on meat quality and animal feed additives.
In China, the demand for animal feed additives is estimated to thrive with a CAGR of 2.5%, fueled by rising per capita expenditure on high-quality food products and increased disposable income.
Germany is expected to lead the animal feed additives market in Europe, with a CAGR of 2.8%, driven by the sales of ready-to-eat and packaged meat products and stringent food regulations.
India is a promising market with a transforming CAGR of 4.9%, driven by the increasing consumption of animal protein and rising disposable income.
Amino acids are the most preferred product type, accounting for a significant share of 33.1% in 2024, as they play a crucial role in muscle and tissue development, reproduction, and overall animal health.
Plant-based animal feed additives are gaining traction due to their medicinal, antimicrobial effects, and their ability to improve growth performance and enhance the flavor and odor of feed.

Competitive Landscape

The animal feed additives industry is highly concentrated, with large global and regional companies present. In the face of fierce rivalry, the top five competitors, which include BASF SE, EVONIK INDUSTRIES AG, Cargill, Inc., Koninklijke DSM N.V., and Nutreco N.V., are expected to account for 30-40% of the overall market share.

In March 2021 Ajinomoto Co. joined forces with Pegasus Tech Ventures, a worldwide venture capital firm, to invest in Silicon Valley-based start-ups to capitalize on growing trends in the food and healthcare sectors. The collaboration is going to allow the organization to expand its geographical footprint to 16 sites worldwide.

Thorough Market Evaluation: Full Report

Animal Feed Additives Market by Category

By Additive Type:

Antibiotics
Vitamins
Antioxidants
Amino Acids
Feed Enzymes
Feed Additives
Minerals

By Application Type:

Ruminants
Poultry
Swine
Aquatic

By Source Type:

Plant
Animal
Micro-organisms

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)

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Global Fish Powder Market Projected to Grow to USD 303.1 Million by 2034, Driven by 6.6% CAGR

The global fish powder market is expected to be valued at approximately USD 182.6 million in 2024. The demand for fish powder is projected to grow at a moderate CAGR of 6.6% over the forecast period. By 2034, the market is anticipated to reach a valuation of USD 303.1 million.

Consumers today are more selective about their food choices than in the past. As their knowledge has increased, there is a growing demand for food products that offer better taste, higher quality, and environmental sustainability. Fish, being a readily available and nutrient-rich food source, packed with protein, minerals, and vitamins, has seen a significant rise in consumption over time.

Key Takeaways from the Fish Powder Market Study

-The report claims that a number of manufacturers are acquiring significant regional companies in order to increase their global reach. Additionally, this is done to enhance the number of manufacturing facilities and the range of products they offer. In order to increase production capacity in the chosen nation and strengthen their worldwide footprint, leading businesses are currently concentrating on creating innovative development centres.

-Since there is limited production of fish powder, leading manufacturers are now focusing on improving their distribution base in the global market in order to make sure the product is readily available to its target customers.

-Among various end-use segments, the usage of fish powder in animal feed is most common. Owing to the increasing health awareness and growing preference for processed food/diet with low fat, sugar, salt and high protein content, the demand for fish powder is considerably rising in the food & beverages segment.

-Technologies that are expected to gain prominence in the upcoming years are influenced by various macroeconomic factors that may also change the course of growth. Also, emergence of new technologies is likely in the near future. These technologies can replace the existing ones or render their traditional counterparts completely obsolete. The financial situation and the company’s manufacturing these products will select the course of the growth of these technologies

Competitive Landscape

Established companies in the target market are investing heavily in research and development to create new technologies and explore innovative applications and products. To capture a substantial market share, leading firms are focusing on expanding their production capabilities and facilities. Additionally, major players are forming strategic joint ventures and partnerships to enhance their market presence.

Recent Developments in the Global Fish Powder Market

In June 2023, Z Natural Foods, based in the United States, introduced its Hydrolyzed Marine Collagen peptide products in retail packets. Z Natural Foods, a leading supplier of high-quality natural foods in powder form, claims to have developed it from high-quality marine sources, including white fish (cod), to assure the greatest level of purity.
With its outstanding amino acid composition, this collagen powder can be easily absorbed by the body, replenishing and restoring the skin’s natural collagen levels.
In June 2019, Cargill Incorporated, based in the United States, announced a partnership with InnovaFeed, a major French insect protein provider, to jointly commercialize fish feed including insect protein as part of its sustainable aquaculture portfolio.

Key Players Profiled in the Fish Powder Market Report

Polfish and Oceana Group.
Aksha Fish Meal and Oil
Austevoll Seafood ASA (Laco AS)
Omega Protein Corporation
FMC Corporation
Croda International Plc.
Oceana Group Limited
GC Rieber Oil
Rongcheng Hisheng Feed
Zhejiang FengYu Halobios

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Key Segments Covered by Fish Powder Industry Survey Report

By Fish Species Type:

Anchovy
Sand Eel
Horse Mackerel
Sardine
Pilchard
Hilsa
Others

By Product Type:

Fish Protein Powder
Fish Meal Powder

By Application:

Animal Feed Industry
- Swine
- Poultry
- Aquaculture
- Others
Food Industry
Cosmetics and Personal Care
Other Applications

By Distribution Channel:

Business to Business (B2B)
Business to consumer (B2C)

By Region:

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

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Global Pea Protein Market Expected to Surge to USD 4.7 Billion by 2034, Fueled by Increasing Plant-Based Nutrition Trends | FMI Report

The pea protein market is experiencing a surge in popularity, driven by the rising demand for plant-based alternatives. Consumers are increasingly seeking healthy, sustainable, and ethical food options, and pea protein fits the bill perfectly.

Market Size and Growth:

The global pea protein market size is projected to reach US$ 1,604.3 million in 2024. It will likely exhibit a compound annual growth rate (CAGR) of 11.4% during the forecast period, with overall pea protein sales totaling US$ 4,723.9 million by 2034.

Factors Driving the Market:

Plant-Based Protein Trend: Consumers are seeking alternatives to meat protein for various reasons, including health, environment, and animal welfare. Pea protein offers a complete protein source, ideal for vegetarians, vegans, and flexitarians.
Health and Wellness: Pea protein is linked to several health benefits, including muscle building, weight management, and improved satiety.
Clean Label Appeal: Pea protein is derived from yellow peas and minimally processed, aligning with the growing consumer preference for natural and clean label products.
Versatility: Pea protein offers functional properties like emulsification, texture enhancement, and foaming, making it suitable for various food applications.

Market Segments:

Type: Pea protein isolate is the dominant segment, used in dietary supplements, sports nutrition products, and fortified foods. Textured pea protein is another growing segment due to its ability to mimic meat texture.
Application: The food and beverage industry is the primary driver, with applications in plant-based meat alternatives, protein bars, and dairy alternatives. The sports nutrition sector is another significant user.

Key Players:

Major players in the pea protein market include Roquette Frères, Cargill, Glanbia, and Kerry. These companies are constantly innovating and expanding their pea protein offerings.

Key Players in the Pea Protein Market Include

Burcon Nutrascience
Roquette Freres
The Scoular Company
Cosucra Groupe Warcoing SA
Nutri-Pea Ltd.
Shandong Jianyuan Group
Sotexpro SA
Ingredion, Inc.
Axiom Foods, Inc.
Fenchem Inc.
Martin & Pleasance

The Future of Pea Protein:

With increasing consumer interest in plant-based products, the pea protein market is poised for continued growth. Innovation in pea protein processing and product development will further propel the market forward.

Detailed Market Study: Full Report and Analysis

Pea Protein Market by Category

By Nature:

Organic
Conventional

By Product Type:

Protein Concentrates
Protein Isolates
Textured Protein
Hydrolyzed Protein

By End-use:

Food Processing
- Meat Alternatives
- Bakery Products
- Confectionery
- Snacks & Cereals
- Meat-based Products
- Functional Beverages
- Others
Animal Feed
- Livestock
  - Cattle
  - Swine
  - Poultry
- Pet Food
- Aquafeed
Nutraceuticals
Sports Nutrition
Infant Nutrition
Cosmetic and Personal Care

By Region:

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

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Antioxidants Market Projected to Reach USD 5.3 Billion by 2033, Growing at 9.1% CAGR, According to Future Market Insights Inc.

In 2022, the antioxidants market was expected to be worth close to US$ 2.11 billion. The market would be influenced by a variety of factors all throughout the course of the anticipated period, including the growing global population, rising packaged goods demand, and the pharma industry’s spectacular growth.

It is expected to have generated US$ 5.3 billion, with a CAGR of 9.1% from 2023 to 2033.

In the food and beverage business, antioxidants are still on the rise and are now viewed as a crucial addition. Its widespread use is a result of rising consumer knowledge of the additive’s several advantages in reducing chronic illnesses like diabetes.

Market expansion has been impacted by rising consumer demand for and consumption of packaged foods, which frequently include antioxidant chemicals. Its presence prolongs the food’s shelf life by preventing oxidation.

People are becoming more and more dependent on processed meals as a result of the growing working population and their hectic lifestyles. The number of employed people in the United States climbed from 64.4% in 2018 to 64.9% in 2019, based to the United States Bureau of Labor Statistics.

Customers are expecting high-protein, nutritionally dense superfoods as functional meals gain in popularity.

These elements prompted manufacturers to create novel items and use cutting-edge technology.

Global demand for prepared meals has been fueled by rising disposable income and increased urbanization. Working professionals are forced by the lack of time to cook their own food to rely on packaged foods that are convenient to eat and include nutritious ingredients.

A change in customers’ choices for food goods is being brought on by a change in their lifestyles. The range of food items on the market and the vitamins and minerals and preservatives they contain are well known to consumers.

Over the anticipated years, this element is predicted to support the expansion of the market for food antioxidants on a global scale.

Key Takeaways from the Market Study

Antioxidant sales have grown historically by 3.2% between 2018 and 2022 on a worldwide scale.
The market for cosmetic antioxidants is projected to increase from US$ 211.8 million in 2022 to US$ 258 million in 2025 at a CAGR of 6.4%.
In 2022, the synthetic category had 66.5 percent of the market.
The market for antioxidant beverages is anticipated to grow at a CAGR of 8.8% over the course of the projected period.
With a share of 20.4% in 2022, the United States dominated the North American antioxidant market.
With a CAGR of 6.6% from 2023 to 2033, the United Kingdom is set to rule Europe.

“Consumer demand for anti-aging goods has gradually increased, which has led to an increase in the use of antioxidants substances in many cosmetics as well as food and beverage items,” remarks an FMI analyst.

Competitive Landscape

The top market players are dedicated to creating new goods, while also moving quickly to make investments and complete mergers and acquisitions. The key industry participants’ increasing innovation is creating a competitive environment for new market entrants.

Prominent players in the antioxidants market are Aland (Jiangsu) Nutraceutical Co. Ltd, BASF SE, Cargill Incorporated, Kalsec Inc., Koninklijke DSM N.V., Nutreo N.V., Vitablend Nederland B.V., Archer-Daniels-Midland Company, Cargill Incorporated, and others.

Some key developments of the leading companies in this market are:

Guardian Toco 30p, a highly efficient and label-friendly antioxidant made from naturally obtained mixed tocopherols that comes in powder form, was launched in 2019 according to DuPont Nutrition & Health. DuPont says that as an alternative to liquid tocopherols, producers of cereal, as well as granola brands, now have a handy, simple-to-use antioxidant protection solution. Concerns of production, such as homogenous distribution, labor-intensive cleanup, handling, and application, may be alleviated by the powder format.
The BASF product Lucarotin® is a beta-carotene. Provitamin A is found in beta-carotene, an antioxidant that has a number of health advantages. Lucarotin®, a healthy component and food coloring produced by BASF, is utilized in a number of nutritional supplements. Lucarotin® provides luster and brightness to carbonated beverages and juices, in addition to a range of meals, without the need for a warning label. There is no staining in the finished product because of the range’s exceptional color stability.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global antioxidants market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the antioxidants market, the market is segmented on the basis of product type (synthetic antioxidants, natural antioxidants), application (food, beverages, cosmetics, pet food or animal feed) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

Comprehensive Market Insights: Full Report Overview

Key Segments Profiled in the Antioxidants Market

By Product Type:

Natural Antioxidants
- Vitamin C
- Vitamin A
- Rosemary extracts
- Vitamin E
Synthetic Antioxidants
- Butylated hydroxytoluene
- Butylated hydroxyanisole
- Others

By Application:

Food products
Beverages
Pet Food/ Animal Feed
Cosmetic and personal care products

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Tissue Cultured Date Palm Market to Grow at 8.90% CAGR: Projected Worth USD 11,298.42 Million by 2034

In a recently revised version, trends suggest worth USD 4,836.68 million for the tissue cultured date palm market in 2024. As these trends gain significance and become mainstream, sales of tissue cultured date palms garner the potential to aim for a valuation and acquire USD 11,298.42 million by 2034. This indicates a robust CAGR of 8.90% from 2024 to 2034.

These are ardently promoted as a natural sweetener, healthy snack option, superfood, and exceptional baby food ingredient, and date palms envisage widespread adoption. Fitness fanatic consumers progressively employ tissue cultured date palms as a brown or white sugar substitute that bolsters their need for a natural sweetener in assorted packaged products.

Tissue cultured date palm is adopted as a sweetener and renders an antioxidant position and an opulent supplement description. The ascending adoption of these date palms as a preferable solution to traditional sugar augments the tissue cultured date palm market growth.

The ignorance among farmers about the potential and merits of tissue cultured date palms hinders tissue cultured date palm market growth. Education and outreach campaigns are effective in surmounting the hurdle. The underdeveloped facilities, specifically in regions with confined amenities or remote areas, present a roadblock in setting up and strengthening tissue culture provisions.

Tissue Cultured Date Palm Market:

Attributes	Tissue Cultured Date Palm Market
Value-based CAGR (2024 to 2034)	8.90%
Growth Factor	Modernizing date palm cultivation processes through government funding and initiatives encourages sales of tissue cultured date palms. The bolstering knowledge of the advantages of date palms grown in tissue culture for sustainable farming spurs the adoption of tissue cultured date palms.
Market Trend	Using tissue culture technologies to multiply premium date palm varieties quickly escalates the tissue cultured date palm market growth. Blending tissue-cultured date palms for ecological and commercial advantages into agroforestry and landscape strategies amplifies the demand for tissue cultured date palms.
Market Restraint	Worries about the adaptability and performance of tissue-cultured date palms in outdoor environments inhibit development of tissue cultured date palms. Long approval procedures and regulatory obstacles for date palm cultivars developed from tissue culture restrict the tissue cultured date palm demand.

Regional Outlook

The demand for infection-resistant and productive date palm varieties endures the growth of the tissue cultured date palm industry in the arid regions of North America. The innovation in the technology of tissue culture procedures and genetic engineering bolsters modification and amplifies tissue culture date palm market expansion in North America.

Rigid rules on importing date palms curb the disease spread and spur the sales for tissue cultured date palm in Europe. Burgeoning consciousness surrounding the benefits of tissue cultured date palms in retaining biodiversity and conserving natural habitats ushers tissue cultured date palm market growth in Europe.

Urbanization and evolving disposable income in the Asia Pacific thrust the demand for tissue cultured date palms. Government strategies nurture sustainable agriculture practices and cater to the growth of the tissue cultured date palm sector in Asia Pacific.

Key Takeaways

The medjool segment in the variety category to grab a significant share of 28.50% in 2024.
In the nature category, the female inflorescences segment to acquire a market share of 67.50% in 2024.
Japan’s tissue culture date palm market to imply expansion at a CAGR of 7.30% through 2034.
From 2024 to 2034, the India tissue cultured date palm market to progress at a CAGR of 6.90%.
China’s tissue culture date palm market to exhibit an upsurge at a CAGR of 6.60% between 2024 and 2034.
The United States tissue cultured date palm industry to reflect expansion between 2024 and 2034 at a CAGR of 5.20%.
Sales of tissue cultured date palm in Germany to record a CAGR of 4.60% through 2034.

Competitive Landscape

The dominant tissue cultured date palm vendors emphasize introducing new varieties of the tissue cultured date palm to diversify their consumer base. Tissue cultured date palm producers are chipping in money for research and development to strengthen their portfolio. Manufacturers of tissue cultured date palms participate in mergers, acquisitions, and joint ventures to reinforce their geographical footprint and manufacturing capacity, serving as an avenue for market expansion.

Prominent Tissue Cultured Date Palm Vendors

Plant Cell Technology
Atul Ltd
Kutch Crop Services Pvt. Ltd.
Phoenix Agrotech LLC
Zemach Tissue Culture Ltd
Devku Nursery
D.P.D. Ltd. (Date Palm Developments)
EFC Plants
Al Wathba Marionnet LLC
Ace Date Palm Tissue Culture Laboratory (ADPTL)
Others

Latest Developments

Far Eastern New Century Corporation proclaimed the acquisition of Phoenix Technologies International LLC in Ohio in June 2019, with a yearly capacity of 36,000 tons.
Ayana Bio, the plant cell technology firm making green bioactive for consumer items, based in the United States declared the debut of its Plant Cell Advantage ingredient portfolio in October 2023.

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Market Segmentation

By Nature:

Female Inflorescences
Male Inflorescences

By Variety:

Barhi
Medjool
Deglet Noor
Elite Varieties of Kutch
Male Barhi
Others

By Sales Channel:

B2B / HoReCa
B2C
- Hypermarkets /Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Discount Stores
- Food and Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Others Retail Formats

By Application:

Food and Beverage Industry
Personal Care Industry
Pharmaceutical Industry
Others

By Region:

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

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Yogurt Powder Market Surge: Forecast to Grow at 6.8% CAGR, Reaching USD 642 Million by 2034

The global yogurt powder market is projected to reach a value of USD 333.3 million in 2024 and expand to USD 642 million by 2034. The demand for yogurt powder is expected to grow at a compound annual growth rate (CAGR) of 6.8% throughout the forecast period.

Sales of regular yogurt powder are particularly strong due to its high nutritional content. This segment represented 46% of total revenue in 2023 and is expected to see substantial growth through 2034.

Several factors are anticipated to drive growth in the yogurt powder market during the assessment period, including shifting dietary preferences, increased demand for healthy and convenient snacks, and rising health and wellness trends.

Yogurt powder is becoming increasingly popular with both manufacturers and consumers because of its convenience and extended shelf life. This trend is expected to significantly contribute to market growth during the assessment period.

Rising health and wellness trends are positively influencing global yogurt powder sales. Consumers are increasingly drawn to yogurt and yogurt-based products for their high nutritional content and potential health benefits.

Another prominent factor boosting sales growth is the escalating demand for functional foods. Today, consumers are constantly seeking functional foods that offer multiple health benefits. Yogurt power, fortified with probiotics and other essential nutrients, caters to this demand.

How is Increasing Awareness about Health Enabling Yogurt Powder Sales?

Consumers around the world have become increasingly aware about health and wellness. This has remain one of the chief drivers of the yogurt powder market. The probiotic nature of yogurt powder is considered good for digestive system and overall health. This has resulted in its increasing application in the food and beverages processing industry.

Yogurt powder is considered a high source of potassium, vitamin D phosphorous, protein, and calcium. Certain studies have even stressed on its role in the prevention of osteoarthritis. As per the International Osteoporosis Foundation (IOF), approximately 2oo million people around the world are affected by this condition. In fact, nearly 30% of premenopausal women in the United States and Europe often complaints of osteoarthritis

Key Takeaways from Market Report:

The global market is forecast to reach USD 642 million by 2034, registering a 6.8% CAGR.
Based on type, the regular segment is set to record a CAGR of 6.6% through 2034.
By flavor, the plain segment dominated the industry with a share of 63% in 2023.
Western Europe’s yogurt powder market is expected to reach US$232 Million by 2033, growing at a steady 7.8% CAGR from 2023’s US$110 Million market
China will likely record a CAGR of 7.4% between 2024 and 2034.
Yogurt Powder Japan Market expected to hit worth US$ 11.3 million at CAGR of 8% during forecast period 2023 to 2033
Sales in the United States are projected to total USD 114.2 million by 2034.
Yogurt Powder Korea Market expected to hit worth of US$ 24.3 million at CAGR of 8% during forecast period of 2023 to 2033

Who is Winning?

The yogurt powder industry has a diverse and dynamic competitive landscape, with leading players like Nestle S.A., Danone S.A., General Mills, Inc., and Lactalis Group holding significant shares.

Top players are constantly innovating to create new varieties added with functional ingredients like vitamins, probiotics, and minerals. Plant-based yogurt powders are gaining momentum in the market amid soaring demand from vegans.

The ongoing clean label trend is prompting companies to shift from artificial flavors and preservatives toward natural ingredients. Similarly, strategies like acquisitions, mergers, partnerships, new facility establishments, and joint ventures are becoming prevalent.

Leading Yogurt Powder Brands

Nestlé S.A.
Danone S.A.
General Mills, Inc.
Yakult Honsha Co., Ltd.
FrieslandCampina N.V.
The Kraft Heinz Company
Lactalis Group
Kerry Group plc
Morinaga Milk Industry Co., Ltd.
Chr. Hansen Holding A/S
Chobani, LLC

Industry Updates:

In December 2023, Ireland-based Kerry Group announced the acquisition of Lactase Enzymes Business from Novozymes A/S and Chr. Hansen Holding A/S.
Lactalis Ingredients, a prominent France-based producer and supplier of dairy ingredients, announced its participation in Africa Food Manufacturing event held in Cairo between 26 and 28 May 2024.

Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com

Key Segments of the Market Report

By Type:

In terms of type, the industry is segmented into regular, low-fat, and non-fat.

By Flavor:

Based on flavor, the market is categorized into plain and flavored.

By Packaging Type:

Yogurt powder comes in sachets/pouches, cans/jars, and bulk packaging.

By Application:

In terms of application, the report is divided into food and beverage industry, nutraceuticals and dietary supplements, and cosmetics and personal care products.

By Distribution Channel:

Different sales channels include supermarkets and hypermarkets, convenience stores, online retailing, specialty stores, and others.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

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