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Future Market Insights (FMI) has published a new report, which is titled, “Baby Food Market: Infant Formula Sales to Record Rapid Growth: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022), Foods for babies that have nutritional values are very valuable for parents who are constantly on the lookout for new infant formulas and other baby foods that can be digested easily. Baby foods are one of the top most growing retail products in the industry of foods and beverages. Demand for baby foods or foods for babies continue to exist due to the continuous rise in the expenses of middle class parents in the world. Urban living along with lifestyle trends have resulted in the existence of working women, who are also mothers. Hence, baby foods are best alternatives to breast milk, and also supply essential nutrition to the babies.

The global market for baby foods is expected to be around US$62 bn by 2022, exhibiting a modest CAGR from 2017 to 2022. Reasons like growing trend of working mothers, the growing awareness of the advantages of foods for babies that are organic, and the increase in the number of births in various regions will drive the need for baby foods during next 5 years.

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The report shows that the requirements for baby foods will lead the global market in the entire in the whole of the forecast period, although, the sales of infant formulas in the global market is predicted to be faster and higher in comparison to other baby foods market. Towards the end of 2022, infant formulas sales throughout the globe are expected to be more than 6% CAGR. In this forecast period, revenues earned through the dried baby food segment will have the least CAGR.  The segment for infant formulas will lead on account of increased usage of these products. Over one third of the revenue contribution of the global baby foods market will be through prepared baby foods segment, states the report.

Companies involved in the making of baby foods, continuously face fierce competition in regards to the development of new baby foods along with stringent safety measures. As it is of utmost importance that baby foods be such that they have no element which will cause any health issues to babies, it becomes the responsibility of manufacturers to ensure that the ingredients used are safe yet nutritious. The products need to be developed keeping the sensitive and tender nature of babies as their digestive systems are not developed. This makes the task of manufacturing food for babies a complicated one. Players are strategically tapping into the high demand for organic food items which has struck the world and developing baby foods that are organic, in order to gain market shares.

The report profiles leading players such as Mead Johnson & Company, LLC, The Kraft Heinz Company, Campbell soups Company Nestlé S.A., Cargill Inc., Abbott Laboratories, The Hain Celestial Group, Inc., Hero Group A.G., DSM, Arla Foods amba, Danone, Bellamy Organics, and Perrigo Company.

Product Type

• Dried Baby Food
• Infant Formula
• Prepared Baby Food

Sales Channel

• Modern Trade
• Departmental and Traditional Grocery Store
• Convenience Stores
• Online Channels
• Other Retail Formats

Packaging Type

• Bottles
• Jars
• Cans
• Pouches
• Cartons
• Single serve sachets

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Explore FMI’s Extensive ongoing Coverage on Food and Beverage Domain

Probiotic Ingredients Market: According to research estimates, Probiotic Ingredients Market is predicted to witness continuous growth in the next decade i.e. 2022-2032.

Food Waste Management Market: Insights revealed by the latest assessment on Food Waste Management market portray substantial gains, with the market expanding at over 6.4% CAGR from 2022 to 2032.

RTD Cocktail Market: According to research, the RTD Cocktail market is projected to grow steadily across regions, around 11.6% projected CAGR over the 2022-2032 forecast period.

Meat Substitutes Market: According to a research study, the Meat Substitutes market is set to witness a steady and a healthy growth during 2022 – 2032 with a CAGR of 5.6%.

Stevia Market: According to a research study, the Stevia market is set to witness a steady and a healthy growth during 2022 – 2032 with a CAGR of 7.2%.

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According to a recent report by Future Market Insights, a market research and competitive intelligence provider, food testing is estimated to reach a value of USD 20 Bn by 2032, surging at 8.5% CAGR through the decade.

Food testing services are in high demand due to the growing threat of foodborne diseases, adulteration, and toxicity. Every year, one out of every ten people becomes ill from a foodborne illness, with children under the age of five being the most vulnerable.

Each year, approximately 450,000 people die as a result of eating contaminated food, according to the World Health Organization (WHO). These factors highlight the importance of increased care and the construction of more food-safety facilities.

In developed countries, the food testing market is being driven by rising consumer interest in food quality and technological advancements. Through safety certifications and compliance, food processing companies and foodservice organizations are gaining consumer trust. Increased consumer interest in food safety and quality issues, as well as the ability to quickly share these issues via social media, combined with expanding regulatory resourcefulness, such as the Food Safety Modernization Act (FSMA), are raising the importance of testing.

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Key Takeaways from Market Study

• The United States dominates the global market for food safety testing. The strict regulations imposed by regulatory bodies are a major factor driving the growth of the food safety testing market in the United States.
• The high occurrence of food safety incidents in China, rising food exports from China, and globalisation of food trade are driving market growth.
• Because India is the world’s largest milk producer, rigorous food testing is required before any dairy products are exported or even consumed in India.
• Spain is currently driving global market growth and will do so in the future.
• Japan is one of the most technologically advanced countries in the world. This helps Japan’s food testing industry grow by allowing for better R&D and, as a result, better measures.

“During the COVID-19 pandemic, there was an increase in the demand for food safety testing as food manufacturers offered virus-proof food products to consumers in order to gain a competitive advantage over other market players. Furthermore, in the face of an increasing virus threat, government officials are ensuring food product safety,” says a Future Market Insights analyst.

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Who is winning?

Over the last four years, the leading market participants in the overall food safety testing market have implemented key strategic developments.

• Eurofins Scientific, in collaboration with Nestle Research (Lausanne, Switzerland), developed a new method for identifying fructans in infant formulas and adult nutrition in October 2020. The method had received official standard status from the world’s leading standardisation organisations, including AOAC, ISO, CEN, and IDF.
• SGS SA’s partnership with RLP AgroScience will benefit the company’s development of more complex, tailor-made experimental designs for pesticides, chemicals, biocides, and human/veterinary drugs in February 2021.
• Bureau Veritas, in collaboration with Leela Palaces (India), launched the “Surakhsha” initiative in May 2020 to provide high standards of food safety and hygiene while also leveraging technological services to maintain hygiene standards.

SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific S.E. (Luxembourg), Thermo Fisher Scientific Inc. (U.S.), ALS Limited (Australia), Bureau Veritas SA (France), Merieux NutriSciences Corporation (U.S.), and others are among the key players profiled in the global food safety testing market.

Explore More Valuable Insights

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

Market Segments Covered In Food Testing Industry Analysis

Type:                    

• Pathogens
• Salmonella
• Campylobacter
• E.coli
• Listeria
• Others
• Pesticides
• Genetically Modified Organism (GMO)
• Toxins
• Others

Technology:

• Traditional
• Rapid
• Polymerase Chain Reaction (PCR)
• DNA Sequencing/NGS
• Immunoassay
• Chromatography
• Spectroscopy

Food Tested:

• Meat, Poultry, and Seafood
• Processed Food
• Fruits & Vegetables
• Dairy Products
• Cereals & Grains
• Others

Region:

• North America
• Europe
• Asia-Pacific (APAC)
• Rest of the World

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Explore FMI’s Extensive ongoing Coverage on Food and Beverage Domain

Probiotic Ingredients Market: According to research estimates, Probiotic Ingredients Market is predicted to witness continuous growth in the next decade i.e. 2022-2032.

Food Waste Management Market: Insights revealed by the latest assessment on Food Waste Management market portray substantial gains, with the market expanding at over 6.4% CAGR from 2022 to 2032.

RTD Cocktail Market: According to research, the RTD Cocktail market is projected to grow steadily across regions, around 11.6% projected CAGR over the 2022-2032 forecast period.

Meat Substitutes Market: According to a research study, the Meat Substitutes market is set to witness a steady and a healthy growth during 2022 – 2032 with a CAGR of 5.6%.

Stevia Market: According to a research study, the Stevia market is set to witness a steady and a healthy growth during 2022 – 2032 with a CAGR of 7.2%.

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According to the recent FMI report, the sales for meat alternatives is expected to witness a value of US$ 6,378.9 Million in 2031, rising at a CAGR of around 12.7% through the end of 2031.

Meat substitutes have been on the market for quite some time. However, it was only after the spread of veganism and flexitarianism that these products began to acquire traction. Previously, there were few meat substitutes available on the market. However, as the vegan movement has grown, new players have entered the market for meat replacements, releasing novel goods that taste exactly like meat.

Furthermore, meat alternatives have their department in retail establishments, which raises customer interest and so creates and improves sales opportunities for market participants. The global meat alternatives market is expected to account for around US$ 5,660.1 Mn in 2021.

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Key Takeaways from the Meat Alternatives Market Study

• Soy, wheat, faba bean, pea, lentil, rice, and other plant-based proteins are gaining significant market share. These segments are expected to increase rapidly during the next few years. The demand for these plant-based ingredients is increasing as they are increasingly used in innovative vegan meat alternatives.
• Cultured meat is still in its early stages of development and is projected to remain so for at least a few more years. Technological developments have paved the way for cultured meat to become a viable meat substitute in the future, but not right now.
• Insect protein contains nearly the same amount of protein as beef protein and has a greater iron concentration. As a result, it is regarded as a very good source of meat alternatives. In North America, the insect protein was only introduced after the FAO released a report in 2013. The number of companies producing these items has risen dramatically.
• Meat substitutes can be found at most grocery stores and supermarkets. Meat substitutes are available at quick-service restaurants. In some supermarket stores, meat alternatives are beginning to coexist with real meat in the aisles. While meat alternatives distribution isn’t yet up to par, significant businesses are working hard to extend their networks. Carrefour, a European grocery chain, for example, entered the bug market with a line of buffalo worm pasta and granola. Eat Grub, a London-based food firm, is selling bags of roasted crickets at Sainsbury’s and Ocado.

While the concept of meat alternatives has only recently gained popularity, it has been discussed for quite some time. Many products that were not promoted as meat replacements have been available on the market for a long time.  For instance, textured soy protein has been on the market for a long time. The texture, taste and protein content have all been replicated meat, although not completely but partially. However, as the vegan and flexitarian populations have grown, the demand for meat alternatives has expanded significantly.

“Although the traditional meat sector is not slowing down, demand for meat alternatives is steadily increasing. Product development has contributed to the expansion of the meat alternatives industry. Consumers are becoming more interested in the companies’ innovative offers. In the meat alternatives sector, product introductions are expanding by double digits year after year,” says an FMI analyst.

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Who is winning?

Some of the key players operating in the meat alternatives market are According to market research analysis Ingredion Inc., Archer Daniels Midland Company, Cargill Inc., CHS Inc., Wilmar International Ltd., AGT Food & Ingredients, Inc., Beyond Meat Inc., Cargill Inc., CHS Inc., E. I. DU PONT DE NEMOURS AND COMPANY, Glanbia plc, Hügli Holding AG, Impossible Foods Inc., Ingredion Inc., MGP Ingredients, The Kraft Heinz Company, AGRANA, among others.

As the number of consumers opting for meat alternatives is growing, several major meat product manufacturers are entering the market. To meet shifting customer demand, market participants in the meat alternatives market are focusing on innovation, product launches, and increasing their distribution networks.

• In June 2019, Beyond Meat, Inc. launched a new product for the meat alternatives market, Beyond Beef which started selling in grocery stores across the U.S. Beyond Beef is plant-based ground beef that is made from a combination of proteins such as peas, rice and mung bean and various other spices and is ready to cook.
• Impossible Foods, Inc. launched Impossible Burger 2.0 at the International Consumer Electronics Show in Las Vegas out textured wheat protein for soy protein concentrate which has switched
• In 2019, TUNO, a seafood alternative by Atlantic Natural Foods LLC, was launched in the supermarkets of the UK. Morrison became the first retailer in the UK to stock TUNO.

Find More Valuable Insights on Meat Alternatives Market

Future Market Insights, in its new offering, offers an unbiased analysis of the global meat alternatives market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the meat alternatives market based on the product type, nature, source, storage, distribution channel and end-use application across seven major regions.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Explore FMI’s Extensive ongoing Coverage on Food and Beverage Domain

Probiotic Ingredients Market: According to research estimates, Probiotic Ingredients Market is predicted to witness continuous growth in the next decade i.e. 2022-2032.

Food Waste Management Market: Insights revealed by the latest assessment on Food Waste Management market portray substantial gains, with the market expanding at over 6.4% CAGR from 2022 to 2032.

RTD Cocktail Market: According to research, the RTD Cocktail market is projected to grow steadily across regions, around 11.6% projected CAGR over the 2022-2032 forecast period.

Meat Substitutes Market: According to a research study, the Meat Substitutes market is set to witness a steady and a healthy growth during 2022 – 2032 with a CAGR of 5.6%.

Stevia Market: According to a research study, the Stevia market is set to witness a steady and a healthy growth during 2022 – 2032 with a CAGR of 7.2%.

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Future Market Insights,

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The global infant formula ingredients market is expected to reach US$ 17,822.5 million by the end of the forecast period in 2029. The growing focus on flavors and digestibility is propelling the market. The market is projected to report a healthy CAGR of ~ 7.3 %. Leading companies focus on expansions and new products over the forecast period.

Key Takeaways of Infant Formula Ingredients Market Study

• In terms of the type of ingredient, carbohydrates are currently dominating the global infant formula ingredient in overall value. On the other hand, increasing research on the importance of gut health and immunity drive are driving prebiotic infant formula ingredients to display a faster rate of growth.
• Further, cow milk continues to be a highly preferred source of ingredients for infant formula account for a large portion of all production activity. However, interest in plant based ingredients also supports the adoption of soy based ingredients. In addition, protein hydrolysates are currently in a nascent stage, but is displaying a higher rate of adoption.
• While liquid and semi liquid ingredients in infant formulas are spread across the industry, powder forms have witnessed the fastest growth, and accounts for the largest segment in the industry.
• Most infant formula ingredients are used in the production of growing-up milk products for children over 12 months of age. However, rising trends of personalization to meet the unique needs of individual babies are driving the growth of specialty formulas at a faster pace.

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“Manufacturers are focused on introducing premium infant formula ingredients, as awareness about high-quality infant formula necessary for adequate nutritional needs with all key elements and nutrients is gaining popularity.”, says the FMI analyst.

Product launches and Collaboration Drive Growth

The global infant formula ingredients market is largely fragmented and fosters high levels of competitiveness. Consequently, major players are making use of multi-pronged business strategies involving expansions, new product launches, collaborations, and acquisitions to bolster their presence in the international market.

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Get Valuable Insights into Infant Formula Ingredients Market

Ingredient Type

• Carbohydrates
• Fats & Oils
• Proteins
• Vitamins
• Minerals
• Prebiotics
• Others (Probiotics, Nucleotides, and Emulsifiers)

Source

• Cow Milk
• Soy
• Protein hydrolysates
• Others (Goat milk and camel milk)

Application

• Growing-Up Milk (Infants over 12 months)
• Standard Infant Formula (0-6-month-old infants)
• Follow-On Formula (6-12 month-old infants)
• Specialty Formula

Form

• Powder
• Liquid & semi-liquid

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

The global herbal supplements market is set to witness growth at a CAGR of 7.8% and top a valuation of USD 190.2 Bn by 2032.

Consumer awareness of the medicinal benefits of consuming herbal supplements, particularly among the elderly population, is expected to be among the key drivers of market development. The growth in female herbal supplement customers, as well as an increase in the use of herbal products by the youth demographic, has fueled the global market for herbal supplements.

The pharmaceutical sector of the herbal supplement industry has far more volume. The herbal supplement markets in North America and Asia-Pacific are expected to grow significantly. In these sectors, the medical industry’s development will assist the herbal supplement industry. Due to the growing desire for herbal remedies, some of the world’s most well-known pharmaceutical companies are doing research on a variety of herbal supplements.

The herbal supplement market in places like Latin America and Asia will grow as a consequence of their initiatives. In Asia Pacific, alternative medicinal items such as traditional Asian and Ayurveda therapy are in significant demand. Additionally, consumption of herbal remedies has risen as the pharmaceutical sector in emerging countries such as India and China have expanded significantly. Furthermore, continuous demand from countries such as Europe would boost the market’s rise.

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Overweight and ageing population are on the rise all across the world. As a result, herbal supplements for medicinal purposes are becoming increasingly popular. The whole herbal supplement market is benefiting from a rise in sedentary lifestyles, higher consumption of healthier meals, and increased health-care knowledge. Other major factors driving the herbal products market comprise rising disposable income in emerging countries, increased awareness of herbal supplement health benefits, and a rise in the occurrence of health issues.

Diabetes, heart disease, cancer, as well as other chronic illnesses are on the rise all over the world. An increase in the frequency of medical issues has resulted in a greater awareness of eating well. Because of better lifestyles and dietary habits, customer awareness of fitness and health has increased in countries like India and China.

People are becoming more conscious of what they eat and the benefits of herbal supplements, which is fueling the herbal supplement market’s rise. Furthermore, changes in their lifestyle have forced them to place a higher value on their health.

Key Takeaways from Market Study

• The herbal supplements market is expected to expand at CAGRs of 7.8% and 15% in US and the Middle East & Africa, respectively, through 2032.
• The Asia Pacific Herbal Supplements market rose by 6.6% year over year, defying early predictions about how the business would function in the event of a worldwide pandemic. Natural supplement demand/sales contributed roughly 33% of overall supply in North America in 2022.
• The European herbal supplements market is currently pegged at 32% of the total market share.
• Herbal Supplement components are selling well in worldwide marketplaces, because to rising consumer demand for nutritionally balanced foods.
• In 2022, world consumption for plant-based supplements grew by 10.3% year over year. It has 43% of the herbal supplement marketplace and is predicted to increase at a significant pace of 7.2 percent by 2032.
• During the timeframe of 2017-2022, curcumin ingredient revenue increased by 9.8%.

“Herbal supplement companies might make a lot of money if they targeted the food and beverage industries. Because of the rising need for biomedical products around the world, the nutritional supplements business might be a strong market for herbal supplements,” says a Future Market Insights analyst.

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Competitive Landscape

Herbal supplement producers are putting a lot of effort into development and technology to ensure the quality of its product.

• Bio-Botanica: In 2018, the business formed a joint venture with Genomatica to create a new extraction facility. The extracts will be produced according to Genomatica’s methods and will contain the proprietary component Brontide. The extracts are created using a Bio-proprietary Botanica technology that guarantees the extracted substance has as many natural substances as possible.
• Archer Daniels Midland: The firm announced the acquisition of Protix, a probiotics manufacturer in 2019. This will allow the firm to continue to develop and conduct research in the field of natural healthcare supplements for pets and humans.
• Herbalife: The firm introduced its meal replacement line in 2022, which focuses on nutrition and is simple to ingest. Shakes, baked pastries, and munchies are among the products available. The firm introduced digestive health supplements with a fibre compound in the year 2021. Production takes place in the United States and Canada.
• Nuvothera Inc: In the year 2019, the firm announced the beginning of a supplementation project including microparticles Turmeric, which will result in a rise in curcumin-containing drinks. The product is predicted to grow in popularity since it provides certain health advantages and reduces reliance on medications.
• Applied Food Sciences Inc: In the year 2018, the business released CurcuFlow, that is a curcumin extract. This new substance will be used to generate a non-staining turmeric cleaning solution.

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

The bread improvers market value is expected to surpass USD 7.9 billion by 2032 at a CAGR of ~7% between 2022 and 2032. Proliferating demand for enhancing properties of the dough, like sensory characteristics, taste, and shelf life will result in high sales of bread improvers.

Growing consumption of bakery, bread, and confectionery products around the world and rising demand for convenient and ready-to-eat food and beverage products along with awareness about the importance of bread improvers in the stakeholders of the baking industry are boosting the growth of the Bread Improvers Market.

Rising consumption of food products like pizza, doughnuts, pastries, and pies, the affinity towards other application segments of bread improvers like cakes, viennoiseries are to show significant growth during the forecast period. For instance, the viennoiserie segment is expected to grow at the highest CAGR of 7.2%, which is above the aggregate market growth rate.

Stakeholders of the bread improvers market are bakery product manufacturers, bread manufacturers, enzyme manufacturers, emulsifier manufacturers, artisan bakers, distributors, and bread improvers manufacturers.

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Key Takeaways from the Study

• The bread segment is expected to account for the largest share of the bread improvers market. Innovative products like fortified bread, buns, organic bread, and flavored bread impel the growth of the bread segment.
• Bread improver in the form of powder is regarded as the largest segment in the bread improvers market.
• Europe holds over 35% of the global bread improvers market. In 2021, Europe accounted for the largest market share in the bread improvers market owing to the remarkable bakery industry in countries like France, Italy, Germany, the UK, and Spain.
• Organic bread improvers like organic gluten, organic SMP, non-GM lecithin, and organic cider vinegar are anticipated to get better of conventional bread improvers like diacetyl esters of monoglycerides (DATEM), mono-glycerides and di-glycerides of fatty acids, calcium propionate, calcium stearoyl lactylate, polysorbate 60, potassium bromate, and potassium sorbate.
• Bread improver in the form of powder is regarded as the largest segment in the bread improvers market over liquid or paste bread improvers as the application of powder bread improvers is less intricate.
• Over the assessment period, the Asia Pacific bread improvers market is expected to see the highest revenue growth, owing to increased demand for bakery, on-the-go breakfast products and confectionery in the region’s countries.

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Competitive Outlook

Huge intake of bread, bakery, and confectionery goods, creative bread product offerings by bakery item manufacturers, and increased demand for convenience ready-to-eat food products are some of the major trends influencing the bread improvers market’s growth. Key manufacturers in the bread improvers domain are now focusing on developing innovative dough enhancers that align with consumer preferences for non-GMO, gluten-free, and low-carb bakery products.

The key players in the global bread improvers market include Associated British Foods, Royal DSM N.V., Lesaffre, DuPont, Archer Daniels Midland Company, Agropur Dairy Cooperative, Riken Vitamin Co., Bakels Sweden, Lallemand Inc., Oy Karl Fazer Ab., Bread Partners, Corbion N.V., Puratos, Kerry Group, and Laucke Flour Mills among others. These market players are focusing on stronger bread improvers distribution channels, new innovative product launches, research and development strategies, and offering a wide variety of options to end-user industries to remain a prominent player in the global market.

“Bread Improvers production companies have a lot of room for increasing their sales and acquiring market as majority of bakery industry around the world is unexplored for dough enhancers and flavors. Research and development, product customization as per the needs of food and beverage clients, educating the food manufacturers, and robust selling and distribution channels might help the bread improvers manufacturers in emerging as a prominent player in the bakery industry,” says a Future Market Insights Analyst.

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the almond ingredient market is estimated to reach a value of USD 17 Bn by 2032, surging at 10% CAGR through the decade.

The increasing demand for healthy and nutritional products contributes significantly to the steady increase in the number of almond-based products. Growing geriatric and obese populations in developed countries such as Germany, the United Kingdom, and the United States demand food products containing nut ingredients, particularly almonds.

Consumers are gradually adopting healthy eating habits in order to prevent disease. Growing health consciousness increased chronic disease risk, and lifestyle changes are some of the major factors driving demand for nutritious and healthier products.

To meet consumer demand, food and beverage manufacturers use marketing strategies such as product line extensions, innovative formulations, and novel packaging. Manufacturers are developing new products for health-conscious consumers that contain unwanted nutrients such as fats and sugars. Furthermore, “natural” products have been the leading trend in product launches in recent years. Product launches that make claims about the absence of additives and the presence of clean-label ingredients are also appealing to consumers.

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Key Takeaways from Market Study

• Between 2022 and 2032, China’s market is expected to grow at the fastest CAGR of 7%.
• The consumption of roasted almond nuts in Germany increased from 343,000 to 415,000 tonnes.
• The almond ingredients industry in India is growing as a result of changing customer lifestyles and rising disposable income.
• The growing emphasis on developing quality food products with plant-based and gluten-free ingredients is driving the growth rate of the almond ingredients market in the United States.
• Because of their health benefits, almond-based snacks are becoming increasingly popular in the United Kingdom. This is driving up demand for almond ingredients in the UK.

“Rising customer health consciousness, increased awareness of lipid transfer proteins in almond ingredients, rising demand for almond and indehiscent fruit snack bars, and increased investment by key players to develop quality almond ingredients are expected to drive the growth of the Almond Ingredients Market between 2022 and 2032,” says a Future Market Insights analyst.

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Competitive Landscape

In order to meet the growing demand for almond ingredients, market players have adopted various business strategies such as expansions, new product launches, agreements, partnerships, collaborations, and acquisitions in recent years.

• Hughson Nut was acquired by Olam International Limited (Singapore) in December 2019. (California). This aided the company in expanding its almond ingredient capacity and meeting rising demand from customers both within and outside the United States.
• Blue Diamond Growers signed a multiyear licencing partnership agreement with Grupo LAlA (Mexico), a leading healthy and nutritious food company, in February 2019. This agreement would assist the company in selling and distributing its “Almond Breeze” almond milk/beverage in Mexico.

DM, Royal Nut Company., TREEHOUSE ALMONDS, The Wonderful Company LLC., Kanegrade., SAVENCIA SA, BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A, JOHN B. SANFILIPPO & SON, INC., Blue Diamond Growers, and others are major players in the almond ingredients market.

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

The study offers compelling insights based on type (Whole Almonds, Almond Pieces, Almond Flour, Almond Milk, Other types, Sablages, Almond oil, Crocants, Flavor extracts) application (Snacks, Bars, Bakery, Confectionery, Milk substitutes & ice creams, Nut & Seed butter, RTE Cereals, Salads, Sauces, Artisan foods, Food services, Other processed foods, Cosmetic applications) region (North America, Europe, Asia Pacific, Latin America, Middle East, Africa).

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

According to a recent report by Future Market Insights, a market research and competitive intelligence provider the global microencapsulation market is expected to be worth USD 6.5 billion in 2022 and USD 10.3 billion by 2032, growing at an annual rate of 8.2% from 2022 to 2032.

Microencapsulation is becoming more common as the need for functionally enriched foods and medications grows. Flavors, vitamins, minerals, essential oils, and other additives can be microencapsulated and added to food products to increase their useful properties.

Because of the advantages achieved by manufacturers, microencapsulation technologies have a considerable impact on the pharmaceutical business. In the pharmaceutical industry, active compounds such as biomolecules, proteins, and genetic molecules are encapsulated to meet market demand for value-added goods.

Encapsulation is a procedure that major corporations around the world are focusing on because they regard it as a method of immune protection. Technology in the microencapsulation sector is widely used to manufacture and sell its products all over the world.

In the future, textiles will be another popular industry in the worldwide Microencapsulation Market. Rising demand for cosmo-textile manufacturing technology is expected to assist market progress. Changing lifestyles are expected to stimulate demand for personal care products, which might be good news for the microencapsulation business.

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Key Takeaways from Market Study

• North America represented 33% of overall sales in North America in 2021, because of strong demand for pharmaceutical-grade food and beverages.
• The UK Microencapsulation Market is expected to grow at a CAGR of 5.9% from 2022 to 2032, owing to the early adoption of the technology in end-use applications. Large pharmaceutical corporations in the region, such as GlaxoSmithKline and Novartis, have influenced market demand by concentrating on the development of new drug delivery techniques.
• In terms of applicability, the pharmaceutical and healthcare products industry is anticipated to be the most profitable. For regulated medicine delivery, microencapsulation is commonly employed in the healthcare and pharmaceutical industries. Pharmaceutical companies routinely use microencapsulation technology to hide the strong taste or odor of medications and to allow for targeted and controlled delivery.
• Gelatine is a widely used coating material that is predicted to expand at a substantial rate of more than 5% CAGR throughout the forecast period. Because it is a water-soluble resin, it is frequently employed in the pharmaceutical, food, and agriculture industries.
• “The rising demand for technologies to produce beauty supplements utilizing natural ingredients is projected to assist market expansion. Furthermore, as more people become aware of the health benefits of N-3 fatty acids, the demand for microencapsulation for masking applications is expected to increase.”says a lead analyst at Future Market Insights.

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Who is Winning?

Microencapsulation’s growth is expected to be fueled by its growing popularity in a range of end-user industries. Because qualities including durability, bioavailability, distribution, and efficacy are all closely regulated, encapsulation is essential for medicinal foods, nutraceuticals, and meal-replacement products.

For example, In India, Koninklijke DSM opened a second plant for animal nutrition and health premixes in 2018. The firm has grown its geographical presence as well as its manufacturing capability as a result of this expansion, in order to meet the region’s expanding demand.

Some of the leading companies offering microencapsulation are Reed Pacific, Novartis, Encapsys, GAT Microencapsulation, Koninklijke DSM, GlaxoSmithKline, Ronald T. Dodge Company, Capsulae, and AVEKA.

Get More Valuable Insights

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

The study divulges compelling insights on microencapsulation based on application (pharmaceutical & healthcare products, food & beverages, household & personal care products, agrochemicals, construction material, textiles, and other applications), technology (spray technology, dripping technology, emulsion technology, and other technologies), core material (agricultural inputs, food additives, pharmaceutical & healthcare drugs, fragrances, phase change material, other core materials), shell material (polymers, gums & resins, lipids, carbohydrates, proteins) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

About the Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

The global food grade gases market size is expected to reach US$ 9.19 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.6% CAGR between 2019 and 2029. According to the report, growing demand for convenience food products and carbonated beverages have significantly fuelled the market for food-grade gases. Further, with the introduction of new products in the food industry and advancements in packaging technologies, there has been a growing need for food-grade gases for various end-uses. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. However, supply chain disruptions and decelerated demand due to coronavirus may negatively impact growth

It includes in-depth insights into the food grade gases market. Some of these are:

• The estimated value of the market was at US$ 5.3 Bn in 2019. Through the course of the report’s forecast period, the market is likely to exhibit to a steady pace of growth.
• North America accounted for the largest market in the global food grade industrial gases market owing to higher demand for processed food.
• Europe is emerging as the second largest market for food grade industrial gases. However, it is considered as established markets.
• Asia Pacific is growing at a faster rate to grab major market in this region.

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“The increasing use of gases such as carbon dioxide, nitrogen, etc., in carbonated drinks has resulted in a positive impact on the food grade gases market,” said a lead analyst at FMI.

Nationwide Lockdown due to Coronavirus has stunted the Market Growth

The raising prices of raw materials needed to produce are hampering demand development. Worsening situation is disruptions in the supply chain caused by the recent COVID-19 impact. With manufacturers facing difficulties in obtaining available raw materials and fewer labourers, the production might be hampered. Reduced transport due to lockdowns imposed across different nations is also limiting the growth of the sector. If COVID-19 continues to spread around the world, it is unlikely that prevailing economic problems will abate quickly at any time. Unprecedented events occur with the illness passing through one horrid phase after another.

Who is Winning?

Global Food-Grade Industrial Gases Market is a highly competitive market which a major share taken by the active player such as Linde plc, Linde plc, Air Liquide S.A. and others. Mergers and acquisitions and product innovations are the next strategies preferred by companies to strengthen their market dominance. This strategy helps companies to expand their presence in the market across the globe. For instance, Linde plc acquired Praxair which is America’s one of the largest industrial gas companies to capitalize theirs in the American market. Also, the key players are focusing on expanding their network of innovation centers, which enable them to collaborate with customers on new product development and reformulations and make investments.

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Get Valuable Insights into Food Grade Gases Market

Gas Type

• Nitrogen
• Carbon dioxide
• Oxygen
• Others

Product Type

• Dairy and frozen products
• Beverages
• Fruits & vegetables
• Meat
• Fish & seafood
• Bakery and confectionery
• Others

Application

• Freezing and chilling
• Packaging
• Carbonation
• Others

Region

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

The global plant based cheese market is set to witness growth at a CAGR of 8.4% and top a valuation of USD 3416.6 Mn by 2032.

Plant-based cheese has a range of health benefits such as lower blood glucose levels, increased insulin tolerance, and a lower risk of type 2 diabetes, to name a few. Additionally, for those who are sensitive to dairy products, plant-based cheese is highly suggested.

Factors such as the rise in acceptability of allergen-free and plant-based meals can be linked to the fast growing market for plant-based cheese over the last few years. Veganism’s societal acceptability has roughly doubled in the last five years, reaching an all-time high. Veganism is gaining popularity, especially when celebrities endorse the practice.

The growth of the plant-based cheese market has been fuelled by an added focus on eco-friendly products. The dairy farm accounts for more than 92 % of the greenhouse gas emissions associated with cheese production. Plant-based cheese is far more eco-friendly, which is why it is becoming increasingly popular.

North America presently controls the majority of the global plant-based cheese market. North America’s progress is being aided by an increase in the number of people in the region embracing a vegan diet, as well as a rise in environmental awareness. EMEA is the second-largest market for plant-based cheese across the globe, with excellent development possibilities in the next years.  In Europe, the growing vegan community is contributing to the growth of the plant-based cheese sector.

Oat milk is an excellent choice for making plant-based cheese because of its numerous nutritional benefits. Oat milk is high in vitamin B and beneficial to bone health. It also provides several health benefits. It is ideal for people with food sensitivity, lactose sensitivity, and other food sensitivities because it is lactose and gluten free.

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Key Takeaways from Market Study

• The plant based cheese market is expected to expand at CAGRs of 31.4% and 26.8% in Europe and America, through 2032.
• Market share of oat milk increased by 19% to reach USD 277 Mn in 2021.
• The North American plant based cheese market is currently pegged at USD 580 Mn.
• Growing consumer demand for healthy and nutritious foods, as well as rising vegetarianism, are propelling sales of plant-based cheese across the globe.
• The outbreak of COVID-19 has had a good impact on the popularity of vegan cheese. For a variety of reasons, including supply shortages amongst traditional meat and dairy products and health concerns, consumers are increasingly turning to plant-based substitutes.

 “Producers of plant-based cheese could generate revenue if they focus on the non-dairy market. The vegan-based ingredients sector could be a prospective market for plant-based cheese, which is expanding in popularity around the world.” says a Future Market Insights analyst.

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Competitive Landscape

Key players in the plant-based cheese market are emphasizing their efforts on research and development in order to improve the quality of their products.

Daiya Foods Inc. introduced a new service platform in October 2021, with the goal of assisting operators in meeting rising consumer requirements for plant-based foods. This new portal intends to increase the company’s presence on university campuses, eateries, and healthcare facilities.

Following the debut of the firm’s Flora brand in 2020, Violife Cheese, manufactured by Upfield Holdings B.V entered the Middle Eastern market in July 2021. The product is available in the United Arab Emirates, Saudi Arabia, Doha, Oman, and Bahrain.

Segments Covered in Plant Based Cheese Market Analysis

Source:

• Oat Milk source
• Rice Milk Source
• Corn Milk Source
• Soy-Milk Source
• Pea Milk Source
• Almond Milk Source
• Coconut Milk Source
• Cashew Milk Source
• Flax Milk Source
• Hemp Milk Source
• Other Milk Source

Distribution Channel:

• B2B
  • Hotels
  • Restaurants
  • Cafes
• B2C
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Mom and Pop Stores
  • Discount Stores
  • Food & Drink Specialty Stores
  • Independent Small Groceries
  • Online Retail
  • Others Retail Formats

Region:

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