Market Research Blog – Page 13300 – New Product Development

Europe Malt Extract Market Set for Huge Expansion during 2022-2026 Profiling Leading Players

The Europe malt extract market is valued at US$ 9.8 Bn in 2021. The market is likely to grow at a CAGR of 5.6% through 2026, reaching US$ 12.9 Bn by 2026.

In 2021, beverages segment is the most lucrative, accounting for nearly US$ 4.79 Bn from the global share. By 2026-end, this segment will reach US$ 6.41Bn.

Growing demand of gluten free bakery products leads to upliftment of malt extract market.

Rising consumer awareness about the high nutritive value of diastatic malt extract will continue to drive the growth of Europe malt extract market Increasing health awareness and rising consumer demand for traditional foods will also influence demand. However, non-availability of substitutes and shortage of malt owing to increasing usage in breweries can impede demand. These insights are according to a new research report by Future Market Insights.

In 2017, the Europe malt extract market is estimated to be valued at a little over US$ 7,900 Mn and is expected to reach more than US$ 12,900 Mn by the end of 2026, registering a CAGR of 5.6% over the forecast period. The market is estimated to represent incremental dollar opportunity of US$ 5,411.5 Mn between 2016 and 2026.

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Diastatic malt extract is derived from sprouted grains and is used as a substitute product replacing sugar and honey needed to feed yeast in bakery products. Another important feature of diastatic malt is that it can also reduce the need for additional artificial sugar in bakery products and thus can be labelled as sugar-free. Also, as diastatic malt is rich in vitamins and enzymes, it increases the nutritional value of baked products and also helps in extending the shelf life of baked products.

The key trends influencing the Europe malt extract market include,

Increasing preference for gluten-free bakery products: Concerns about rising obesity levels is prompting consumers in Europe to opt for gluten-free bakery products. Gluten-free malt extract is used as a colouring and sweetening agent in a variety of products. Owing to this, it is expected that demand for malt extracts will witness steady growth during the period 2016-2026.
Government regulation on additive-free products: The industry-wide focus on additive-free products has led to increased demand for malt extracts, as these reduce the need of adding synthetic flavours, resulting in extended shelf life of products.
Marketing aligned with ‘health and wellness’: Manufacturers are focusing on selling the ‘health and wellness’ attributes of malt extracts, by creating relevant marketing campaigns.
Preference for sugar-free label products: Non-diastatic malt extracts naturally convert to sugar, reducing the need for addition of sugar. Owing to these factors, demand for malt extracts is expected to witness an increase during 2016-2026.

A Highly Fragmented Market

Top three players – Group Soufflet, VIVESCIA Industries, and Cargill Incorporated – account for over 28% volume share of the Europe malt extract market. The Europe malt extract market remains quite fragmented fifteen players accounting for nearly 72% volume share. Both established and emerging players are focusing on increasing their production capacity and acquisition of niche players to boost their market position.

The Europe malt extract market was valued at US$ 7.53 billion in 2016. Future Market Insights projects it to grow at 5.6% CAGR during the forecast period 2016-2026, reaching US$ 12.94 billion in revenues.

Barley Remains the Largest Source

Barley remains the largest source for malt extracts, accounting for nearly 75% revenue share of the market in 2016. In 2016, this segment was valued at US$ 5.63 billion; in terms of volume, demand for barley was worth nearly 9 million tonnes in 2016. Wheat remained the second largest source, followed by rice and rye.

Dry Malt Extracts Continue to Witness Higher Demand

Malt extracts are available in dry and liquid form, with the former accounting for bulk of demand. Demand for dry malt extracts will continue to remain higher than liquid variants throughout the forecast period. While dry malt extract volume is projected to grow at 4.6% CAGR, demand for liquid malt extracts will grow at 3.9% CAGR.

Standard Outsells Speciality

Future Market Insights has also segmented the Europe malt extract market on the basis of product type into standard and specialty. The standard segment accounted for over 77% revenue share of the market in 2016; this is expected to decrease to 76% by the end of forecast period.

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Beverages Largest Application Segment

Beverages continue to remain the largest application segment of malt extracts. This segment held 48% revenue share of the market in 2016. Bakery and confectionary remain the other key application segments.

Western Europe Accounts for Bulk of the Demand

Demand for malt extracts is concentrated in Western Europe, owing to the presence of a large number of manufacturers. Future Market Insights projects Western Europe to remain the dominant region for malt extracts during the forecast period.

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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, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry 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.

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Asparagus Market to depict appreciable growth prospects over 2022-2027

Key excerpts from Future Market Insights’ latest report on the global asparagus market project that by the end of 2027, around 10,300,521.7 metric tonnes (MT) of asparagus will be consumed across the globe. The sales of 10 million MT of asparagus are estimated to bring in revenues worth over US$ 37 Bn. Rising awareness among consumers regarding benefits of consuming asparagus is expected to instrument the growth in global consumption. By helping consumers boost their immunity, enhance brain function, and at certain extent, fight cancer, asparagus will continue to be an essential vegetable rich in nutrients.

Asparagus is actively sought by major companies as a key ingredient in soups on account of its nutritive properties and palatable taste. Asparagus is widely predicted to become the primary choice in the soup manufacturing industry as many companies already make soup with asparagus and this is only expected to grow in the future.

In terms of production, China is expected to remain the world’s largest asparagus producer throughout the forecast period, 2017-2027. In 2014, China recorded production of half a million metric tonnes of asparagus. China’s contribution to the asparagus market in Asia-Pacific will remain significant. However, brimming demand for asparagus makes Western Europe the largest market, procuring over 40% share of global revenues. North America is also expected to be at the forefront of expansion of the global asparagus market, recording consumption of nearly 2 million MT of asparagus by 2016-end.

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Key Segments Covered

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan

By Type

Fresh
Canned
Frozen

By Colour

White
Green

In spite of ample production and growing awareness regarding benefits of asparagus, the market is poised to grow at a moderate place. In terms of volume, the market is projected to showcase a 2.2% CAGR, while global asparagus revenues are projected to soar sluggishly at 3.1% CAGR during the forecast period. The report, titled “Asparagus Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” has identifies key restraints for the growth of global asparagus sales, which include:

Farmers Opting for Direct Marketing – Farmers cultivating asparagus sell their produce by themselves, through traditional village bazaars and roadside outlets. Large and small restaurants as well as common consumers are also preferring to purchase this farm-fresh asparagus through direct marketing of farmers. This practice is impacting the global asparagus sales, but at a moderate extent.
High Costs for Processing & Storage of Asparagus – The most crucial inhibitor for growth of global asparagus sales is the need for higher capital investment in storage and processing of asparagus. Cost of packaging, cooling and transportation is relatively high, which reduces the price per pound of asparagus. Reduction in price per pound further leads to monetary losses for manufacturers. Processed asparagus, such as asparagus in brine, soups, mixed vegetable products etc., being sold at higher cost price, is expected to result in lower uptake among some sections of consumers in the world.

Leading manufacturers of asparagus include: Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, THIERMANN SPAGEL FARM, ILIOS – The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.

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Additional Highlights from the Report –

By the end of 2017, the report estimates that over 8.2 million MT of asparagus will consumed globally, raking in US$ 27.7 Bn revenues
Towards the end of 2027, over three-fourth of global revenues will be accounted by sales of fresh asparagus
Likewise, green asparagus will also hold 75% share of global revenues throughout the forecast period, registering revenue growth at 3.3% CAGR

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IQF Vegetable Market Emerging Players May Yields New Opportunities 2022-2031

The individually quick-frozen (IQF) vegetable market is forecast to exhibit steady growth, with its overall valuation reaching US$ 1,560.1 Mn in 2021. As per Future Market Insights (FMI) analysis, IQF vegetable sales are expected to surge at 4.5% CAGR over the course of the assessment period, from 2021 to 2031.

Growth prospects for the market are likely to remain positive, thanks to improvements in the global food supply chain infrastructure. IQF potato products will emerge top-selling, accounting for more than 20% of the global market in 2021.

According to FMI, growth prospects for the market remain positive owing to the improvements in global food supply chain infrastructure. The global IQF vegetables market rose at 2.8% during its historical period of 2016 to 2020. IQF potato products are expected to emerge as top selling product category and account for 20% of the global market in 2021.

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Advancement of technology to preserve food has encouraged key players to expand their product portfolio. As demand for convenient food is on the rise, sales prospects for IQF vegetables will improve.

Consumers are increasingly demanding simple, hygienic vegetable products that can aid in reducing conventional hassles of slicing and cleaning fresh vegetables. As increasing number of people are focusing on better food quality, key players in the IQF market have lucrative opportunities to capitalize on.

Demand for IQF vegetables is increasing as consumers are seeking food with superior nutritional value, flavor, and quality. However, the market is expected to face restrains owing to lack of strong distribution network and supply chain.

North America is expected to lead the global IQF vegetables market due to immaculacy of vegetable supply chains in Canada and the U.S. The market in this region is expected to further expand owing to the availability of farm-fresh vegetables across numerous retail outlets in Canada and the U.S.

Key Takeaways

Demand in food product will increase in the coming years. FMI projects this category to account for a share of 73% in the market by 2031.
Potato is the most preferred vegetable type and it is expected to hold 23.4% of the market in 2021. The segment is expected to grow at a CAGR of 4.2% through 2031 as is it one of the most staple food across the globe.
The U.K market is expected to register growth at 2.7% CAGR in terms of value for 2021 to 2031 and contribute over 10% to the Europe vegetable market in 2031.
Japan is expected to account for 5.5% market share in terms of value in 2021. Presence of some of the leading private labels will continue fuelling demand in the market.
The France IQF vegetables market is expected to account for 14.8% of the Europe market by 2031. The diverse and sophisticated retail distribution system will continue supporting expansion in France.

Key Drivers

Decline of traditional family meals and rising prevalence of single-portion products due to active and nuclear family lifestyle are expected to boost demand for IQF vegetables.
IQF vegetables are rising in popularity as they are known as convenient and healthy source of processed food. They are widely used in meals and as complimentary food.
The ability to preserve nutrients, texture, and taste of vegetables for a long period of time is a major factor bolstering adoption of IQF vegetables.

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Competitive Landscape

The global IQF vegetables market is gaining from recent technological advancements. Players are investing in research and development activities to expand their product portfolio and consumer base.

For instance, Turkey-based Fine Food acquired Buhler’s SORTEX FA series machines to expand its production capacity while focusing attention on distribution and export requirements.

In March 2021, REMS Frozen Foods was unveiled. The company is all set to import frozen food ingredients that are IQF specialized in Eastern Europe, Egypt, the U.S., Spain, and China.

The key players operating in the global IQF vegetables market as profiled by FMI are:

B&G Foods Holdings Corp.
Capricorn Food Products India Ltd
ConAgra Foods, Inc
Dole Food Co.
Greenyard NV
J.R. Simplot Co.
Kerry Group Plc.
Pinnacle Foods, Inc.
SunOpta Inc.
Uren Food Group Limited

More Insights on the IQF Vegetables Market:

FMI provides an unbiased analysis of the IQF vegetables market, presenting historical demand data (2016-2020) and forecast statistics for the forecast period from 2021-2031. The study divulges compelling insights on the global IQF vegetables market with a detailed segmentation on the basis of:

Type

Beans
Peas
Corn and Baby Corn
Broccoli and Cauliflower
Potato
Onion
Tomato
Carrot

Application

Food
- Bakery, Confectionary & Snack Food
- Dairy & Dessert
- Cooking food
- Ready to Eat Food
- Beverage
Juice
- Other Non-alcoholic Beverages
- Concentrate

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Key Questions Covered in the IQF Vegetables Market Report

The report offers detailed insights into IQF vegetables demand outlook for 2021-2031
The market study also highlights projected sales growth for IQF vegetables market between 2021 and 2031
IQF vegetables market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends, evaluation of current market size, and technological advancements within the industry
IQF vegetables market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Dietary Fibres Market – Latest Scenario On Innovation, Revolutionary Opportunities & Top Consumers 2032

The dietary fibers market is valued at nearly US$ 8.47 Bn in 2021. The market is likely to grow at a CAGR of 10.6% through 2032 with a projection value of US$ 18.6 Bn.

In a recent study, Future Market Insights (FMI) offers a perspective on the growth trajectory of dietary fibres market for the period between 2019 and 2029. As per the report, global consumption volume of dietary fibres reached 1.8 metric tons in 2018, equaling revenues worth ~US$ 7 Bn. Gains will remain driven by increasing consumer awareness regarding the benefits of dietary fibres along with food manufacturers engaging in fibrous NPDs (new product developments).

As healthcare professionals continue to encourage fibre intake as a key to improving long-term health, market players are significantly paying attention to value-added offerings. Big brand companies as well as small high-tech startups are rigorously exploring the potential of dietary fibres in their products, which is likely to promise new beginnings for the market stakeholders.

Consumers, leading fast-paced lives, have started to keep an eye on dietary recommendations, resulting in a move towards proactive healthcare and lifestyles. As consumers are becoming food explorers and newer trends are emerging at rapid pace, FMI’s analysis infers that the dietary fibres market players are placing betting on R&D investments and new product launches.

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Fibre intake has been alarmingly low in various regions, resulting into population-wide deficiency – known as ‘fibre gap’. As science behind dietary fibres expands, this ingredient has been witnessing renewed interest from young consumers for weight management benefits, while aging consumers tend to seek digestive health benefits.

Stakeholders Leverage White Spaces to Drive Sales Opportunities

According to the FMI study, the dietary fibres market is likely to grow at CAGR of ~10% during the predefined timeframe. Obesity, diabetes, and other lifestyle diseases are on the rise, especially in developed regions, and as a result consumers are increasingly becoming health conscious and spending on high nutritional products. The study opines that a rise in consumer preference for maintaining a healthy diet and regulating body weight will provide a strong business outlook for the market players.

Use of soluble dietary fibres has been confined in functional F&B industry as a highly nutritive ingredient, while stakeholders are focused on identifying and leveraging the white spaces in their application, which range from pet food to cosmetics. Capabilities of corn fibre as an effective fibre source for pets, lignin as an emulsifier and efficient substitute for whole eggs in bakery products, pectin in food processing, and beta-glucan in cosmetic production are increasingly being explored. As the market continues to benefit from consumer shift towards plant-based ingredients and sugar substitutes, stakeholders are further exploring new sources of dietary fibres, apart from cereals & grains and fruits & vegetables.

As per the study, dietary fibres market players continue to witness growth opportunities in developed markets – Europe and North America, which collectively account for ~60% revenue share. In addition to increasing consumer spending on products with high nutritional value, government agencies in the regions are undertaking awareness campaigns to bring due attention towards the need for maintaining a balanced diet, thereby creating a high demand for dietary fibres. Market stakeholders are further eyeing on newer opportunities in Asia Pacific, particularly in countries such as China, Japan and South Korea, on the back of a notable trend for healthier eating.

FMI’s study identifies restraints that could possibly represent a threat to the lucrative stride of dietary fibres market. Research studies have found that excessive consumption of dietary fibres and their addition in processed foods can have adverse effects on human health, which may add to reluctance of consumers to adopt such ingredients.

The study opines that dietary fibres market is on an upward swing with increasing number of small players entering into the space with new product offerings that align with consumers’ trends. Leading players continue to put emphasis on filling the fibre gap through R&D activities and product innovations.

Dietary Fibres Market Segmentation

By Type:

Soluble
- Inulin
- Polydextrose
- Dietary Fibres
- Beta-Glucan
Insoluble
- Cellulose
- Hemicellulose
- Chitosan
- Chitin
- Lignin
- Resistant Starch

By Source:

Cereals & Grains
- Wheat
- Rice
- Bran
- Others
Fruits & Vegetables
- Apples
- Others
Other Crops

By Application:

Functional Food & Beverages
Animal Feed
Pet Food
Pharmaceuticals

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Key Questions Answered in the Report

How much is the Dietary Fibres market current worth?

Currently, the Dietary Fibres market is worth more than USD 8.8 Bn.

At what CAGR is the market expected to grow?

Dietary Fibres is expected to grow at a CAGR of around 10.6 % during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, the Dietary Fibres market grew at a CAGR of around 8.8% during 2017-2021

What are the key trends boosting Dietary Fibres sales?

Dietary Fibre’s possibilities for food fortification and their ability to suppress hunger and calorie intakeare is being used by a growing number of food product manufacturers.

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

Dietary fibre manufacturers are pursuing strategic alliances and strategic partnerships with other manufacturers in order to enhance production and meet the demands of an ever-growing patient pool.

Which are the major countries driving demand for Dietary Fibres?

Italy, United States, China, and United kingdom are the major countries driving demand for Dietary Fibres market.

Who are the major players in the Dietary Fibres market?

The key players in the market are BENEO, ADM, Cargill, Incorporated, DuPont, Ingredion Incorporated, Roquette Frères, Emsland Group, Kerry Inc., The Green Labs LLC, Nexira, Tate & Lyle, Farbest Brands, Taiyo International, AGT Food and Ingredients, Batory Foods.

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Sourdough Market Size, Share Production & Consumption Analysis With Forecast To 2026

The US$ 3.2 Bn sourdough market will continue to be positively influenced by increasing application in bread production. Of the US$ 3.2 Bn worth of sourdough sold in 2016, demand from the bread segment totalled US$ 2.36 Bn. This segment is projected to increase at a CAGR of 7.1% through 2026. The dominance of the bread segment can be gauged from the fact that other key application segments – pizza, buns, cakes, cookies, and waffles & pancakes – collectively accounted for nearly 27% revenue share. Sourdough Market

Western Europe continues to the largest market for sourdough, accounting for nearly 38% share of total revenues in 2016. Adoption of sourdough in Western Europe food manufacturing units continues to remain strong. Future Market Insights estimates the Western Europe sourdough market to increase at a CAGR of 7.1% through 2026. In terms of revenues, the market is projected to grow 2X from its 2016 market valuation of US$ 1.21 Bn. In terms of volume, over 552 thousand tonnes of sourdough was sold in 2016; FMI estimates it to reach over 975 thousand tonnes in 2026.

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Opportunities in the Global Sourdough Market

Increasing demand for clean-label products has presented a lucrative opportunity for businesses
Use of sourdough is also gaining traction owing to its application in preparation of foods that require fermentation

Key Supply-side and Demand-side Drivers

According to Future Market Insights’ report, demand for sourdough is increasing on account of its beneficial functional properties. Its property of enhancing flavour and texture is a key factor for its applications in the F&B sector, especially bakery sector
Increase in the number of artisan bakeries is positively influencing the demand for sourdough. Particularly high demand for type 1 sourdough – made using only wild yeasts – is being witnessed in artisan bakeries
Availability of sourdough products on e-commerce stores is also contributing to increasing sales
Growing demand for sourdough from the fast food and bakery sector is creating sizeable growth opportunities for manufacturers

High cost of sourdough products is a major impediment to their widespread adoption in developing countries.

Key Trends Expected to Shape Global Sourdough Market

Dehydrated sourdough (Type III) is gaining traction in the bakery industry. Freeze-drying remains the preferred dehydration technique for manufacturers.
Manufacturers are using devitalised sourdough for enhancing the aroma of products. Devitalised sourdough does not contain live organisms, enhancing its use as an aromatic agent
Consumer demand for healthy food products has resulted into the launch of chocolate sourdough loaves. Further, Future Market Insights identified increasing use of type I sourdough.

Sourdough Market Forecast and Analysis by Starter Culture

Type III starter culture currently accounts for nearly half of the revenue share of the global sourdough market. Over 773 thousand tonnes of sourdough was sold in 2016; by the end of the forecast period, Future Market Insights estimates global volumes to surpass 1.3 million tonnes.

Key companies profiled by Future Market Insights in its report include Puratos NV, Ernst Böcker GmbH & Co. KG, IREKS GmbH, Kampffmeyer Mühlen GmbH, Philibert Saveurs, Lesaffre, Dilbeek, Minden, Kulmbach, Hamburg, Pont-de-Veyle, and Marcq-en-Barœul.

Future Market Insights maintains a positive outlook on the global sourdough market, projecting it to grow by 6.8% CAGR through 2026 in terms of value. In terms of volume, demand is projected to grow at 5.5% CAGR.

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Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Global Fruit Concentrate Puree Market Research Report- Opportunities & Challenges With Completely Different Segments, Forecast- 2026

In its latest publication, titled “Fruit Concentrate Purée Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” Future Market Insights projects that such factors will restrain the global fruit concentrate purée market from growing robustly. The global market for fruit concentrate purée, which is presently valued over US$ 1,300 Mn, is anticipated to register a 4.8% CAGR and reach US$ 2,149.1 Mn by the end of 2026. In the due course of this forecast period, the global consumption of fruit concentrate purée will also propel moderately, recording the global sales of just over 6,000 tons and showcasing a volume CAGR of 3.7%.

The Exotic Fruit segment in the global fruit concentrate puree market is estimated to be valued at more than US$ 400 Mn in 2017, which is estimated to increase at a CAGR of 5.7% over the forecast period to reach more than US$ 700 Mn by the end of 2026. The Exotic Fruit concentrate puree market is anticipated to record absolute $ opportunity of US$ 274.34 Mn between 2016 and 2026. The Exotic Fruit segment is expected to expand at a CAGR of 3.8% in terms of volume over the forecast period.

An unyielding competition between local manufacturers and global players has lowered the momentum for international trade of fruit concentrate purée. To rev up the native production of fruit concentrate purée, countries are fortifying their importation laws, levying additional duty on imports of purée concentrates.
While strong import barriers & uptight antidumping laws are diminishing the global supply for fruit concentrate purée, the global economic meltdown is also impeding the demand for such products.
Undulating import-export and trade policies are inducing instability in the overall growth of global fruit concentrate purée market.
The demand-supply gap in the global market for fruit concentrate purée is further aggravated when harsh environmental conditions end up ruining the produce of fruit plantations across the globe.

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According to the report, the widened demand-supply gap in the global fruit concentrate purée market might shrink down due to rising yield of non-GMO fruit plantations. Growing use of purée concentrates in production of baby foods and longer shelf-life of such products is also likely to drive the global sales of fruit concentrate purée in the years to come.

Among all regions in the world, the fruit concentrate purée market in Latin America has been predicted to display an unmatched growth in terms of volume and value. While North America and Western Europe will dominate with more than 50% share in global revenues, Latin America’s fruit concentrate purée revenues will be soaring vigorously at more than 11% CAGR. The report indicates lucrative growth for fruit concentrate purée in Latin America, and also signifies impressive revenue growth in Eastern Europe, Middle East & Africa, and the Asia-Pacific excluding Japan (APEJ) region.

Agrana Juice GmbH and Doehler GmbH will remain two key companies dominating the competitive landscape of global fruit concentrate purée market. These companies are actively contributing in global production of purée concentrates from all fruit families; citrus, berry, orchard as well as exotic. Companies such as Tree Top Inc., and Watt’s SA are specialising in production of exotic and orchard fruit concentrate purée, while the global market is also witnessing considerable participation from companies such as China Huiyuan Juice Group Ltd., Cobell Ltd., Fénix S.A., Grünewald Fruchtsaft GmbH, Kerr Concentrates Inc., and Tianjin Kunyu International Co. Ltd.

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Key findings in the report also predict that demand for citrus and exotic fruit concentrate purée will gain traction during the forecast period. While orchards will be the largest fruit family, dominating global fruit concentrate purée revenues, revenues from sales of exotic and citrus fruit concentrate purée will soar steadily at over 5% CAGR. By the end of 2026, more than US$ 1,400 Mn revenues are projected to be arising from sales of fruit concentrate purée with no added sugars. Based on the applications, the global fruit concentrate purée market gets split into food and beverage applications, with the former accounting for dominant revenue share – nearly 60%.

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Indian Alcohol Market Research Report- Opportunities & Challenges With Completely Different Segments, Forecast- 2026

The India alcohol market is predicted to record at a CAGR of 7.4%, amassing US$ 68 Bn by the end of 2026. Andhra Pradesh and Telangana have strengthened the market significantly, for these two states have the highest number of alcohol consumers in the country.

The number of alcohol consumers in India continues to rise on the account of rising urban population. Consuming alcoholic beverages has become a customary tradition for a majority of people residing in India’s urban cities. Changing lifestyles and increasing incomes are compelling them to consume alcohol on a frequent basis. Future Market Insights recently published its study on India’s alcohol market, which estimated that more than INR 2.5 trillion worth of alcohol was consumed in 2016. The study further projected that consumption of alcohol in India is less likely to decline in the years to come. By the end of 2026, more than 14 billion litres of alcohol will be sold across India.

According to the report, revenues amassed from sales of alcohol in India will soar vigorously at 7.4% CAGR, and reach INR 5.1 trillion value by the end of 2026. In terms of volume, India’s alcohol consumption in 2016 has been estimated to have surpassed 8 billion litres and will grow at 5.5% CAGR in the due course of forecast period. An in-depth analysis on India’s alcohol distribution indicated that just above three-fourth of alcohol consumed in the country is government controlled. In 2016, alcohol distributed in India through open market sales made revenues worth over INR 400 billion. Meanwhile, about 550 million litres of alcohol was auctioned in India by the end of 2016.

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India’s Alcohol Market: Report Highlights

Nearly two-third of India’s alcohol revenues will be accounted by sales of Indian-made foreign liquor (IMFL)
In 2016, more than 1,800 million litres of strong beer was consumed in India
By the end of 2026, white wine sales in India will have brought in an estimated INR 16.8 billion in revenues
Revenues amassed from sale of country liquor in India will have soared at 5.5% CAGR
Whisky will be the most-preferred type of alcohol in India, while sales of white spirits will grow at more than 11% CAGR

Key findings of the report, titled “Alcohol Market: India Industry Analysis and Opportunity Assessment, 2016-2026,” projected that Southern and Western states of India will continue to contribute to more than 80% of alcohol revenues through 2026. Bangalore’s SAB Miller India Ltd. and United Spirits Ltd., and Mumbai-based Tilaknagar Industries Ltd. and Allied Blenders & Distillers Pvt. Ltd. are key players partaking in the growth of India’s alcohol market.

Meanwhile, the consumption of alcohol will witness a considerable dip in India’s northern and eastern zone. Even still, a majority of alcohol manufacturers & suppliers in India are originating from New Delhi. Companies such as Carlsberg India Pvt. Ltd., SOM Distilleries & Breweries Group, Radico Khaitan Limited, Globus Spirits, and Jagatjit Industries Ltd. are based in and around the country’s capital. Shimla’s Mohan Meakin Ltd. and Daman’s Khemani Group are also recognised as some of the leading alcohol manufacturer in India.

The key segments covered in this report are:

By Type

IMFL
- Brandy and Cognac
- Rum
- Whiskies
- White Spirits
- Others
Beer
- Mild
- Strong
Wine
- Red Wine
- White Wine
- Rose Wine
Country Liquor

By Make

Imported Liquor
Indian Made Foreign Liquor
Foreign Liquor Bottled in India
Indian Made Indian Liquor

By Gender

Male
Female

By Ingredients

Grains
Molasses
Fruits and Vegetables

By Distribution Market

Government Controlled
Open Market
Auction Market

By Region

South Zone
North Zone
East Zone
West Zone

Over 90% of Indian Alcoholics are Men

Among every ten alcohol consumers in India, nine of them will most probably be men; leaving a slight chance that the tenth one is a woman. With more than 90% stake in India’s alcohol revenues, the country’s men will be offering over INR 4.7 trillion for consuming alcohol by the end of 2026. Likewise, Indian women are also likely to increase their contribution to the Indian alcohol market. During the forecast period, revenues accounted by sales of alcohol to Indian women will have soared at the fastest pace, registering a stellar CAGR of 8.6%.

Consumption of alcohol containing molasses as key ingredients will remain higher in India. Grains will also serve to be a preferred raw ingredient used for producing alcohol in India. Although, production of alcohol through agricultural produce such as fruits & vegetable will remain negligent till the end of 2026. The report also anticipates that consumers will be more inclined towards buying Indian-made liquor – regardless of it being a foreign or Indian brand. Consumption of foreign liquor bottled in India is also likely to grow, but showcasing a marginal degree of increment.

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Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Speciality Malt Market Boosting the Growth Worldwide: Market Dynamics and Trends, Efficiencies Forecast 2031

The global specialty malt market was worth more than US$ 2,000 million in 2016. The Global specialty malt market is expected to grow at a CAGR of 6.4%, reaching more than US$ 4,000 million by the end of 2026.

In parallel with the rise in global consumption of alcoholic beverages, local entrepreneurs from all corners of the world have begun treading the waters of brewing businesses. A considerable rise in the number of microbreweries being set up across the globe is stimulating the growth in consumption of specialty malts – a key ingredient for making alcoholic beverages such as beer. Innovations in brewing techniques has further consolidated the application of specialty malts in production of flavoured alcoholic beverages.

Since the growth in demand for specialty malts continues to remain contingent upon global alcoholic beverage consumption, more than one million tonnes of specialty malts are anticipated to be consumed through 2026. Incidentally, this will also shore up the global production of barley, wheat, corn, soybean and other grains used for deriving specialty malts.

By lending a unique flavour, texture, and colour, the application of specialty malts continues to gain significance in production of beverages, revenues from which will impose nearly 90% share on global specialty malts market value throughout the forecast period. The research reveals that revenue share of alcoholic beverages in the global specialty malt market will remain consistent at nearly 82% through 2026. Meanwhile, about 130,000 tonnes of specialty malts were globally consumed for production of non-alcoholic drinks & beverages in 2016.

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Western Europe – Largest Consumer of Specialty Malts

When it comes to consuming flavoured alcoholic beverages, consumers in Western European countries such as Germany, France or Belgium will certainly not shy away. By the end of the forecast period, more than 500,000 tonnes of specialty malts will be consumed across Western Europe, making it the largest consumer of specialty malts in the world. With respect to production, the demand for specialty malts will register stellar growth in the Asia-Pacific excluding Japan (APEJ) region. The APEJ specialty malts market will register the highest value CAGR of 7.8%, and procure over US$ 1 billion revenues during the projected period. North America and Latin America are anticipated to account for a collective share of more than 24% in global specialty malts revenues through 2026.

Cargill, Inc. – Largest Producer of Specialty Malts

With more than 10% share in global revenues, Cargill Incorporated will retain its title as the largest producer of specialty malts in the world. With its manufacturing plants based in Germany, the company will also boost the status of Western Europe in the global specialty malts market. Joining Cargill in inducing higher production of specialty malts are prominent European companies, namely, IREKS GmbH, Viking Malt Oy, Groupe Soufflet, Malteurop, Axereal and Simpsons Malt Limited. Other key producers of specialty malts profiled in the research report include Australia’s GrainCorp Ltd., the Cooperative Agraria Agroindustrial of Brazil and Barmalt India Pvt. Ltd.

Market Segmentation

By Product:

Caramelised Malt
Roasted Malt

By Application:

Food
- Dairy and Frozen Products
- Bakery and Confectionary
- Others (Fast Food, Sizzler, etc.)
Beverages
- Alcoholic Beverages
  - Brewing
  - Distilling
Non Alcoholic Beverages
- Health Drinks
- Others (Energy Drinks, Soft Drinks, etc.)

By Source:

Barley
Wheat
Rye
Others

By Extract:

Dry
Liquid
Malt Flour

By Region:

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

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Key Questions Answered in the Report

What is the outlook of the global specialty malt market?

The global specialty malt market was worth more than US$ 2,000 million in 2016. It is expected to grow at a CAGR of 6.4%, reaching approximately US$ 4,000 million by the end of 2026.

Which Malt segment was estimated to account for the highest value share in 2016?

In 2016, the Caramelized Malt sector was predicted to have the biggest value share.

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Carrageenan Gum MARKET SHARE, REVENUE, AND AVERAGE WORTH BY MAKERS SHARED IN AN EXCEEDINGLY LATEST ANALYSIS REPORT

The Carrageenan Gum Market is valued at US$ 881.6 Million in 2021. The market is likely to grow at a CAGR of 4.3% CAGR through 2031, to reach over US$ 1.3 Bn in revenues. Between 2020 and 2021, the carrageenan gum market grew by 4.10%.

Europe and North America are among the largest markets for carrageenan gum market.

The carrageenan gum market in North America is expected to develop at a steady 3.90% CAGR. The European carrageenan gum market is predicted to develop at a healthy rate, with a CAGR of 4.40% through 2031.

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Key Takeaways from the Carrageenan Gum Market Survey

Food & beverage sector is anticipated to account for the maximum revenue share in the market.
The U.S. market is anticipated to exhibit high growth owing to the presence of some of the leading cosmetics and food companies.
Increasing meat consumption in China will augment the carrageenan gum market growth.
The U.K. will emerge as a lucrative market, due to expansions in the cosmetic industry and increasing investments in research and development for product innovations.

Competitive Landscape

CP Kelco ApS, Marcel Carrageenan Corporation, FMC Corporation, E. I. du Pont de Nemours and Co., Extractos Naturales Gelymar S. A., Ingredients Solutions, Inc., Kerry Group, Cargill, Incorporated, Altrafine Gums, and W Hydrocolloids, Inc. are among the leading players operating in the carrageenan gum market as profiled by FMI, accounting for 20-40% of the total market share.

Prominent growth strategies adopted by leading players include expansions in distribution networks, mergers, collaborations, and acquisitions. Production facility expansions to cater to the increasing demand from end-use industries will continue gaining significance during the forecast period. For instance:

In July 2021, global leader in nature-based ingredient solutions CP Kelco extended its distribution relationships with Azelis to expand its product portfolio in the Netherlands. Effective August 1^st, Azelis will distribute CP Kelco’s products in the Netherlands as a part of continuously developing collaboration between both companies.
In July 2021, Kerry Group acquired Hare Topco Inc, operating as Niacet Corp., in a U$ 1.01 Bn deal, strengthening its food preservation and preservation strategies for better positioning in the market.

Global carrageenan gum market segmentation

By Region

North America
Latin America
Europe
APAC
Middle East & Africa

By Application

Food and Beverages
- Dairy Products
- Meat Products
- Confectionery and Bakery
- Beverages
- Salads and Dressings
Personal Care and Toiletries
- Toothpaste
- Air Fresheners
- Cosmetics
Pharmaceuticals
Feed and Pet Food

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Key Questions Answered in the Report

What is the current carrageenan gum market value?

The carrageenan gum market will reach a valuation of US$ 881.6 Mn in 2021.

At what rate did the carrageenan gum market grow between 2016 and 2020?

The animal feed additive market experienced steady growth, exhibiting a 3.30 % CAGR between 2016 and 2020.

What are the key trends driving carrageenan gum sales?

Increasing demand from end-use industries such as food & beverage, personal care, and pharmaceutical, coupled with growing preference towards plant-based additives are key trends driving carrageenan gum sales.

Who are the leading players in the carrageenan gum market?

I. du Pont de Nemours and Co., CP Kelco ApS, FMC Corporation, Kerry Group, and Cargill Incorporated are the leading players operating in the carrageenan gum market.

What will be the demand outlook for North America Carrageenan Gum Market?

North America carrageenan gum market is anticipated to witness steady growth at a 3.90% CAGR.

What is the size of the Carrageenan Gum Market?

The Carrageenan Gum Market is valued at US$ 881.6 Million in 2021. The market is likely to grow at a CAGR of 4.3% through 2031, reaching over US$ 1.3 Bn in 2031.

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Vitamin D Ingredients MARKET – DETAILED SURVEY ON KEY TRENDS, LEADING PLAYERS & REVOLUTIONARY OPPORTUNITIES 2026

The Vitamin D Ingredients Market is valued at US$ 1.46 Billion in 2021. The market is likely to grow at a CAGR of 10% through 2026, reaching US$ 2.37 Bn by 2026.

The Vitamin D3 sector is predicted to have a greater weighted average volume than the Vitamin D2 components section and, the segment is likely to grow at a CAGR of 12.01% through 2026.

In terms of value, the Western Europe vitamin D ingredients market is predicted to grow at a 13.6% CAGR, followed by the Eastern Europe vitamin D ingredients market.

Consumption of vitamin D beverages containing vitamin D ingredients such as fortified drinks, juices and water is on the rise, owing to this preference factor. Beverages are easy to consume as compared to food products and customers perceive beverages as easy to drink and digest. They can also be transported easily in bottles and consumed at any place.

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As per the report, globally, the value and volume share contribution of the fish source segment to the overall market revenue is expected to witness significant growth as compared to other source segments. This growth can be attributed to the ease in the production of vitamin D ingredients from fish. Fish contain quite a large amount of vitamin D as compared to other natural sources, which makes them a competent raw material for the production of vitamin D ingredients. The growth of the fish source segment can also be attributed to the strong demand for vitamin D from North America and Europe and growing demand in APEJ countries.

Globally, the value and volume share contribution of the powder form segment to the overall market revenue is expected to witness significant growth as compared to other form segments. This growth can be attributed to the strong demand for vitamin D powder in North America, Europe and Japan and the growing demand in APEJ and MEA countries. In terms of market value, revenue from the powder segment is expected to expand at a CAGR of 12.42% between 2016 and 2026, whereas that from the liquid segment is expected to expand at a CAGR of 8.88% in terms of value over the forecast period.

Key Segments Covered

By Product Type

Vitamin D3
Vitamin D2

By Source

Milk
Eggs
Fish
Animals
Plant, Fruits and Vegetables
Others (Microalgae, Fungi, Yeast, Plants etc.)

By Application

Pharmaceuticals
Food
Beverages
Cosmetics
Animal Feed and Pet Food
Others

By Form

Powder
Resin
Liquid

Key Regions/Countries Covered

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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Key Questions Answered in the Report

What is the size of Vitamin D Ingredients Market?

The Vitamin D Ingredients Market is valued at US$ 1.47 Billion in 2021 with an expected CAGR of 10.02% through 2026, reaching US$ 2.37 Bn.

Which are the leading companies in Vitamin D Ingredients Market?

Key players in the Vitamin D Ingredients Market include BASF SE, Dishman Netherland B.V., Barr Pharmaceuticals, LycoRed Limited, Zhejiang Garden Bio-Chemical High-tech Company Limited.

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