Natural Food Colours Market To Reach A Value In Excess Of US$ 14,000 Mn Towards The Close Of 2028

FMIFuture Market Insights’ outlook on the natural food colours market studies the growth path of the global market over a 10 year period from 2018 to 2028. According to the report, growing consumer preferences for natural food colours over synthetic variants is anticipated to drive revenue growth in the coming decade. The study forecasts revenue from the sales of natural food colours to cross US$ 7,500 Mn by the end of 2018 and reach a value in excess of US$ 14,000 Mn towards the close of 2028. This translates to a CAGR of 6.5% in the next 10 years.

 

The natural food colours market is anticipated to grow at an impressive CAGR during the forecast period. A significant rise in demand for natural food colours has been coming from industries to enhance the appeal of products. Consumers’ proclivity towards clean-label products has been increasing, owing to the rise in health awareness and food adulteration. As a result, consumers wish to look at the label before purchasing any product, which is a crucial driver for the increasing sales of natural food colours.

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During the COVID-19 crisis, the prices of natural food prices are likely to rise, owing to economic instability. However, this rise in the price is likely to be there for the short term. During this period, the demand for natural food products is expected to decrease.

Growing Health Awareness and Increasing Consumer Demands for Clean Label Food Products Boosting Sales of Natural Food Colours

Over the years, there has been a steady rise in demand for clean label food and beverage products, especially in the infant / children food products category. This has resulted in the launch of clean label F&B products across the globe. This factor is fuelling global demand for natural food colours used to manufacture these products. Consumers are becoming increasingly aware of the ill effects of consuming synthetic raw materials such as food colours, used in the production of various types of food and beverage products. Consumers are particular about verifying food labels and ingredient compositions, and there is rising preference for natural, organic, and non-GMO products. As a result, the adoption of natural food colours has witnessed a sharp rise in the last few years.

Increasing Government Approvals for Natural Food Colours Acting in Favour of Market Revenue Growth

In the wake of a growing number of petitions by manufacturers of natural colours for the use of natural food colours in their products, governments of various countries have undertaken initiatives to promote natural colour pigments. Governments are also imposing stringent rules and regulations pertaining to the use of clean label and eco-friendly food and beverage products. This is further augmenting growth of the natural food colours market as manufacturers of food and beverage products are increasingly adopting natural food colours in their formulations.

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Manufacturers of Natural Food Colours Leveraging Lucrative Market Opportunities to Ensure Sustained Growth and Gain Competitive Edge

The natural food colours market is characterized by the presence of top companies operating in the global market. With consumers moving from synthetic to natural and clean label food ingredients, the global market provides plenty of opportunities for manufacturers of natural food colours to offer cost-efficient natural food colours to cater to different end uses in the food and beverages industry. Attempts by manufacturers of natural food colours to meet the rising demands from consumers are supported by initiatives undertaken by associations such as The International Association of Color Manufacturers (IACM), EU Specialty Food Ingredients, and Natural Food Colors Association (NATCOL) to protect and enhance key stakeholder interests in the global natural food colours market.

Manufacturers of natural food colours are also leveraging technological advances in the F&B industry to improve their production processes. For instance, companies are using the microencapsulation technique in the colour delivery system and in the final product formulation. Manufacturers are also engaged in producing a variety of natural food colours to cater to a wide spectrum of food and beverage products. A breakthrough technology in the natural food colours market is the development of fermented carmine solution. Such innovations and technological developments are anticipated to bolster revenue streams in the global natural food colours market.

Another lucrative opportunity for manufacturers of natural food colours is in the meat industry. Natural food colours are widely used in meat products. For example, natural yellow colour is finding increasing application in pork, meat, and bakery products in Japan. Gardenia yellow – another natural food colour variant – is predominantly used in rice cakes, noodles, and other food and beverage products. Manufacturers are creating new product formulations that are more temperature compatible and stable for specific use in meat products.

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Key Segments Covered

Analysis by Pigment Type

  • Carotenoid
    • Beta carotene
    • Annatto
    • Lutein
    • Lycopene
  • Curcumin
  • Anthocyanin
  • Paprika extract
  • Spirulina extract
  • Chlorophyll
  • Carmine

Analysis by Application

  • Dairy Food Products
  • Beverages
  • Packaged Food/Frozen Products
  • Confectionery and Bakery Products
  • Others

Date Syrup Market Expected To Surpass US$ 630.0 Mn By 2031, Exhibiting Growth At Healthy CAGR Of 6.4% For 2021-31

FMIDemand for date syrup is expected to reach US$ 339.0 Mn in 2021, according to the latest Future Market Insights (FMI) study. The market value is expected to surpass US$ 630.0 Mn by 2031, exhibiting growth at healthy CAGR of 6.4% for 2021-31.

 

The market will particularly gain from the surging application of date syrup in nutraceutical and food service industries in the Middle East and Africa. Besides this, demand in South Asia is expected to increase at an accelerated pace over the forecast period.

Date syrup is also considered as a good alternative to honey in skincare and cosmetics industry for skin lightening due to its appealing constancy. Various industries are utilizing this product owing to the health benefits and natural occurrence along with the popularity of dates from which it is produced.

In food and beverage industry, the date syrup can be effectively used in bakery, confectionary applications such as in making cakes, chocolates, cookies etc., in dairy & desserts for producing flavored milk, ice creams, sweets & desserts such as dates halwa and others..In snacks & cereals it is used as a spread. As per FMI, the market is predicted to grow at a CAGR of 6.4% between 2021 and 2031.

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Date syrups are extensively used as an alternative to honey in various skincare and cosmetics products for its moisturizing and skin lightening properties and smooth constancy. In addition to this, growing use of date syrup in the nutraceutical industry is expected to improve the sales over the forecast period.

Date syrup has attributes such as high magnesium, zinc, potassium, calcium, and iron content. These properties make it ideal for application in various skincare and food products. FMI also forecasts the demand for date syrups to be the highest in the Middle East and Africa, while sales across the globe is forecast to reach US$ 339 Mn in 2021.

“Growing consumption of plant-based and clean label products with no added artificial flavors, preservatives, or sweeteners in food and personal care industry is expected to accelerate the sales of date syrup over the coming years,” says the FMI analyst.

Key Takeaways from the Date Syrup Market Study

  • The U.S. is estimated to witness the fastest growth in North America, expanding at a CAGR of 6.7% over the assessment period.
  • Favored by the increasing demand for date and date products, sales of date syrup in GCC countries are expected to rise at a CAGR of 6.5% by 2031-end.
  • South Korea and Japan date syrup markets are projected to exhibit growth at 9.2% CAGR and 9.6% CAGR, respectively between 2021 and 2031.
  • Among the nature, organic date syrups are anticipated to account for a substantial revenue share in the segment, surging at 7.6% CAGR through 2031.
  • On the basis of distribution channel, sales through online retail are forecast to spur at 8.6% CAGR in 2021.

Key Drivers

  • Increasing consumption for dates and products derived from dates in countries such as the UAE, Yemen, Pakistan, India, and others is propelling the demand for date syrup.
  • Rising demand for date syrups as natural sweeteners owing to their health benefits such as control on diabetes, body hydration, heart disease, and fatty liver is spurring sales.

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Key Restraints

  • High cost of date syrup-based natural sweeteners compared to artificial sweeteners is expected to hamper the sales.
  • Availability of several substitutes of date syrup such as maple syrup, coconut sugar, honey, corn syrup, and others might hinder the product sales.

Competitive Landscape

Leading date syrup manufacturers are focusing on strengthening their supply chain and receiving various certifications such as Halal, ISO 22000 Food Safety, Kosher and others to increase their sales across various end use industries.

Also some of the companies are offering products with different quality grades. For instance,

  • Arat Company Pjs, a leading Iranain company, ensures strict compliance to IFS, ISO 22000 Food Safety, BRC Grade AA, Kosher, Halal, HACCP, ISO 9001:2015, and ISIRI manufacturing high quality dates syrup including nothing but water and dates.
  • Ratin Khosh Co., a food processing company based in Iran, provides a minimally processed dates syrup without using of any type of artificial ingredients or preservatives which comes with a shelf-life of 02 years.

Some of the key players operating in the market profiled by FMI are:

  • Al Foah
  • Malabar Food Products
  • Just Dates Syrup
  • Ario Co
  • Sun Seas Business Group
  • BIONA
  • Parsunday Symbol Co.
  • BOMBUS
  • Rapunzel Naturkost
  • D’VASH Organics
  • Ratinkhosh Co
  • EZEEBEE OVERSEAS PVT LTD
  • Lion Dates Impex Pvt. Ltd.
  • Ambrosia Delicatessen
  • ARAT COMPANY PJS
  • Minoo Industrial Group
  • Emirates Dates
  • Date Lady
  • Others

More Valuable Insights on Date Syrup Market

The date syrup market study published by Future Market Insights offers a comprehensive analysis and focused views on the major trends expected to shape future growth prospects. The report provides detailed analysis on growth drivers, trends, and opportunities on the basis of:

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food & Beverage Industry
    • Bakery & Confectionery
    • Dairy & Desserts
    • Snacks & Cereals
    • Beverages
    • Others
  • Nutraceuticals
  • Cosmetics and Personal Care Industry
  • Foodservice Industry
  • Retail/ Household
  • Others

By Distribution Channel:

  • Business to Business
  • Business to Consumers
    • Hypermarkets/ Supermarkets
    • Specialty Stores
    • Convenience Stores
    • Online Retail

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Key Questions Covered in the Report

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

Spirulina Extracts Market Valuation Surpassing US$ 9 Mn By The Year 2031

FMIRising health concerns about food are pushing demand for clean label food products and ingredients. With consistent innovations in spirulina-based products and their applications in various end-use industries, high growth of the market is on card. In addition to this, FMI has projected the conventional spirulina extract segment to hold 80.3% of the total market share in 2021.

 

Sales of spirulina extract are expected to grow steadily, reaching a total valuation of US$ 42, Mn in 2021. Demand for spirulina extract is expected to grow at a 14.6% CAGR over the assessment period, according to Future Market Insights (FMI).

Rising health concerns about food are pushing demand for clean label food products and ingredients. With consistent innovations in spirulina-based products and their applications in various end-use industries, high growth of the market is on card. In addition to this, FMI has projected the conventional spirulina extract segment to hold 80.3% of the total market share in 2021.

Rising applications of nature-ingredients in food products, coupled with growing preference for clean-label products among health-conscious consumers are anticipated to provide tailwinds to spirulina extract sales over the forecast period.

In addition to this, high demand for natural food coloring in candy and confectionary industries will continue spurring demand for spirulina extract.

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Apart from the food industry, spirulina extract is being widely adopted in fertilizers and animal feed. Spirulina fertilizers are loaded with nutrients, seaweed extract, amino acids, plant growth promoters, macronutrients, and micronutrients.

spirulina extract market characteristics and attributes with regional relevence 2021

Demand for spirulina extract was driven by consistent efforts to develop healthier and natural food colors for various food and beverage products between 2016 and 2020. These developments have enabled manufacturers to launch novel varieties of confectionaries, seasonings, dairy products and pet food, resulting in high demand for spirulina extract.

Key Takeaways:

  • Sales of conventional spirulina extract are projected to grow at a 14.0% CAGR through 2031.
  • The candy and confectionary segment is anticipated to hold 24.8% of the total spirulina extract market share.
  • The U.S. will emerge as an attractive market, holding 86.5% of the North America spirulina extract market share.
  • Germany will continue exhibiting high demand for spirulina extract, with sales growing at a 12.6% CAGR through 2031.
  • Demand for spirulina extract in China is anticipated to rise at a 16.7% CAGR over the forecast period.
  • The spirulina market in India is expected to expand at a 16% CAGR, placing the country as a lucrative market.
  • Japan and South Korea are projected to hold 18.7 and 5.7 of the total spirulina extract market share in 2031.

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Competitive Landscape

Food manufacturers operating in the spirulina extract market are actively investing in research and innovation and technical advancements in response to growing customer demand for natural food colours. Companies are increasing their manufacturing capability through strategic collaborations, acquisitions and mergers.. Manufacturers are also focusing on strengthening distribution channels in way to attain a broader customer base. For instance,

  • In 2019, Naturex S.A. extended its variety of food colourings with the adding of a new extraction plant for blue spirulina in France. Naturex’s plans to increase its manufacturing capacity is intended to address the growing global demand for clean-label blues and greens.
  • Sensient Food Colors Europe developed proprietary spirulina blue extraction technology, that conforms with both new EU Guidance Notes and FDA quality standards. Owing to this, Sensient has made an investment in a dedicated spirulina blue production line at its Corte Tegge, Italy, facility which specialises in the processing and concentration of aqueous extracts. This latest investment enables the company to cater to growing demand from end use industries.

Spirulina Extract Market by Category

By Nature:

  • Organic
  • Conventional

By Application:

  • Beverage
    • Milk Drinks & Milk Alternatives
    • Alcoholic Beverages
    • Carbonates (Carbonated Soft Drinks)
    • Sports Drinks
    • Coffee & Cocoa
    • Tea
    • Energy Drink
    • Juice Based Drinks
    • Flavored water
    • Enhanced Water
    • Sparkling Waters
  • Bakery, Snacks, & Cereal
    • Breakfast Cereal
    • Bread
    • Cakes & Pastries
    • Cookies
    • Biscuits & Cones
    • Frosting / Icing
    • Crackers & Savory Snacks
  • Candy / Confectionery
    • Panned Candy
    • Chocolate & Compound Coating
    • Gummies
    • Chewing Gum
    • Jellies & Licorice
    • Sprinkles & Sugar
    • Hard Candies / Boiled Sweets
  • Dairy
    • Cheese
    • Ice Cream
    • Milk Drinks & Milk Alternatives
    • Pudding / Custard
    • Dips & Spreads
    • Yogurt
  • Fruit Preparations / Fillings
  • Meat, Poultry, Fish, & Eggs
    • Casings
    • Egg & Egg Substitute
    • Fish / Seafood
    • Jerky
    • Meat Substitute
    • Processed Meat & Poultry
  • Potatoes, Pasta, & Rice
    • Pasta
    • Potato Chips / Crisps
    • Processed Potatoes
    • Rice
  • Sauces, Soups, & Dressings
    • Asian Sauces
    • Barbecue & Steak Sauce
    • Condiments
    • Gravy / Dry Sauce Mix
    • Marinade
    • Oils & Dressings
  • Seasonings
    • Batter
    • Breading and Coating
    • Bouillon / Soup Base / Stock
    • Liquid Smoke
    • Spice Blends / Dry Seasonings
  • Pet Food
    • Extruded / Dry Pet Food
    • Snacks / Treats
    • Wet Food

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Key Questions Answered in the Report

  • What is the current spirulina extract market value?The global spirulina extract market is anticipated to reach a valuation of US$ 42 Mn in 2021.
  • At what rate did the spirulina extract market expand in the last five years?Sales of spirulina extract have grown at 14.1% CAGR between 2016 and 2020.
  • What are the key trends shaping the spirulina extract market?Key trends driving spirulina extract sales include rising application in cosmetics, protein supplements, coupled with growing preference for plant-based ingredients in and food products and beverages.
  • What is the North America Spirulina Extract market outlook?Demand for spirulina extract in North America is anticipated to surge at a steady pace, and is hold more than 45% of the global spirulina extract market in 2021.
  • Which countries are key producers of spirulina extract?Greece, Japan, India, the U.S. and Spain are the key producer of spirulina extract in the world.
  • Which countries are key exporters of natural food colours?The U.S., Brazil, the U.K., China and India are key exporters of spirulina extract in the global market.
  • Which are the top countries driving demand for spirulina extract?The U.S., India, Germany, France, and China are the top countries which are driving the growth of global spirulina extract market.
  • Which are some of the leading companies offering spirulina extract?Prominent players include Royal DSM, Algene Biotech, BASF, FMC Corporation, Chr. Hansen A/S, Cyanotech Corporation, Dohler Group, DDW – the Color House, Japan Algae Co., Ltd, DIC Corporation- Earthrise Nutritionals, Fiorio Colori S.p.A, Naturex SA, Solazyme, Aller Aqua, C.B.N. Spirulina Canada Co., Ltd, Hydro Linea Biotech, and Sensient Technologies Corporation.
  • What will be the share of Japan and South Korea in the global spirulina extract market?Japan and South Korea are anticipated to hold 18.7% and 5.7% of the global spirulina extract market in 2031.

Global Grass Fed Beef Market Valuation To Reach US$ 17.9 Bn By 2031

FMIThe grass fed beef market is expected to reach a valuation of US$ 11.6 Bn in 2021. As per Future Market Insights (FMI), the overall market value is forecast to total US$ 17.9 Bn by 2031, rising at a 4.4% CAGR between 2021 and 2031.

 

Demand for grass fed beef is rising consistently due to its advantages over organic and grain fed beef. Grass fed beef consumption maintains blood and heart health and provides a substantial amount of electrolytes. Cattles fed with only grain, or a mixture of grass and grain normally generate more calories in human body when consumed. As a result, sales of grass fed beef are expected to soar over the forecast period.

Growing awareness regarding health benefits and consumption of a balanced diet, along with increasing sales of bulk food ingredients via online retail channels are expected to provide impetus to grass fed beef market growth. Considering this, FMI has projected the sales of grass fed beef to expand at a 3.7% CAGR through 2031 in terms of volume.

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Over the last few years, barbequing meat has emerged as a popular trend worldwide, especially across western countries. According to the Quick-Service and Fast Casual Restaurant (QSR) magazine, nearly 95% of the population in the U.S. enjoy barbequed (BBQ) dishes such as steak, ribs, and others.

Beef being the most preferred meat for BBQ owing to its meaty flavor, sales of grass fed beef are anticipated to rise at 3.7% CAGR in terms of volume through 2031.

With rising inclination towards the consumption of high quality food products, consumers are increasingly opting for products with quality assurance certifications and labeling. As grass fed beef is healthier and more nutritious than conventional beef products and is considered a rich source of vitamin B6 & B3, selenium, carnosine & creatine, and zinc, it is gaining immense popularity among meat lovers.

As per FMI, the foodservice sector is projected to emerge as the most lucrative end-use segment in the global market. Increasing demand for sauces, glaze, marinades, baked products, and others made using premium quality meat across hotels and restaurants is driving the segment growth.

“Key players are emphasizing on obtaining food quality certificates such as Kosher, Halal, and Beef Quality Assurance (BQA) to capitalize on the rising demand for premium quality food products. This is expected to bode well for the market growth,” says the FMI analyst.

Key Takeaways from the Grass Fed Beef Market Study

  • Sales in North America are expected to rise at a CAGR of 3.3% through 2031, owing to the rising trend of consuming BBQ meat in the U.S.
  • Favored by the surging demand for premium quality meat in the U.K. and Germany, the market in Europe is anticipated to grow at a CAGR of 3.8% over the assessment period.
  • New Zealand, being one of the leading producers and exporters of grass fed beef in the world, is forecast to account for a significant revenue share in the Oceania market.
  • On the basis of the format, frozen grass fed beef is projected to emerge as a dominant segment during the forecast period.
  • In terms of form, processed meat is estimated to outpace raw meat, owing to rising demand for meat from specific parts such as chop meat, loin meat, and others

Key Drivers

  • Growing consumption of ready-to-eat meals and rising demand for convenient packaged food products is expected to push the sales of processed grass fed beef.
  • Increasing demand for frozen meat for exporting beef products overseas, owing to its ability to stay fresh during transportation is spurring the sales across the frozen meat format segment.

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Key Restraints

  • High cost of grass fed beef meat compared to conventional beef meat is hampering the growth in the market.

Competitive Landscape

Top players in the global market include JBS Foods, Tyson Foods, Australian Agricultural Company Limited, Hormel Foods Corporation, Cargill, Inc., and Conagra Brands, Inc, as per FMI.

These companies are projected to account for nearly 30% to 50% of global revenue share through 2031.

Leading players are emphasizing on promoting sales of grass fed beef by providing information about the safety and health benefit of the product. Besides this, some of the manufacturers are actively participating in collaborations, mergers, acquisitions, and agreements with regional players to expand their production capacity and facilities.

For instance:

  • In January 2020, WH Group and JBS, a Brazilian red meat processing company, announced signing a Memorandum of Understanding (MoU) to supply beef and other meat products in China. The latter company has invested around US$ 17.08 million for the acquisition and construction of the plant in the Chinese market.
  • In September 2017, Verde Farms, a meat processing company, announced launching new Grass-Fed beef and Never Ever product lines. The company will offer pasture-raised meats sourced from cattle that were not treated with antibiotics or growth hormones and fed in feedlots.

Some of the key players operating in the market profiled by FMI are:

  • JBS Foods ® (Brand – Grass Run Farms)
  • Tyson Foods
  • Australian Agricultural Company Limited
  • Hormel Foods Corporation
  • Cargill, Inc.
  • ANZCO Foods
  • Conagra Brands, Inc.
  • Creekstone Farms Premium Beef, LLC
  • Sysco Corporation
  • Others

More Valuable Insights on Grass Fed Beef Market

FMI, in its new report, provides a detailed analysis of the global grass fed beef market, forecasting statistics through 2021 and beyond. The survey reveals growth prospects on in grass fed beef market along with detailed segmentation:

By Form:

  • Raw Meat
  • Processed Meat
    • Fresh Processed
      • Cured
      • Smoked
      • Restructured
      • Slices
      • Chop meat
      • Steak cuts
      • Cuts
      • Patties
      • Sausages
      • Nuggets
      • Meatloaf
    • Dried
    • Others (Fermented, Pickled, etc.)

By Format:

  • Chilled
  • Frozen
  • Shelf Stable

By End-Use:

  • Food Processing Industry
  • Foodservice (Hotels, Restaurants, Cafés
    • Sauces, Dressings and Glazes
    • Snacks
    • Baked Products
    • Ready Meals
    • Processed Meat Products &Marinades
    • Seasoning
    • Instant Noodle/Pasta
    • Soups, Stocks and Bouillon
    • Others (Pie Gravies, etc.)
  • Institutional
  • Household (Retail)

By Distribution Channel:

  • Direct Sales/B2B
  • Indirect Sales/B2C
    • Hypermarkets/ Supermarkets
      • Specialty Meat Outlets
      • Groceries/Mass Retailers
      • Wholesale Club Stores
      • Butcher Shops
      • Ranch
    • Online Retailing

By Region:

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

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Key Questions Covered in the Report

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

Global Pea Protein Ingredients Market Value Is Expected To Reach US$ 2.5 Bn By 2031

FMISales in the pea protein ingredients market are estimated to total US$ 1.25 Bn in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 2.5 Bn by 2031, rising at a CAGR of 7.2% between 2021 and 2031.

 

The market’s growth trajectory is projected to stay positive, steered by rising demand for sports nutrition and nutraceutical products. As per FMI analysis, sports nutrition and nutraceutical will account for more than 41% of global pea market value share, exhibiting impressive growth through the forecast period.

Clean-label food products are becoming popular in the market. Pea protein is usually non-GMO and gluten-free. Therefore, it ideally falls in clean-label food categories. Rising demand for vegan, non-GMO, gluten-free and organic products in the food industry bolster demand in the pea protein market.

Rising demand from various end-use industries such as bakery & snacks, beverages and others is expected to fuel pea protein ingredients market growth during the forecast period. Increasing preference for natural ingredients in food products also will continue pushing sales in the market.

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Historically, the market grew at a healthy 6.4% CAGR between 2016 and 2020. Increasing awareness regarding the benefits of pea protein ingredients has accelerated the sales. As it is rich in lysine and iron, consumers are increasing the consumption to reduce the risk of bone related diseases such as arthritis and others.

Apart from health benefits, sales of pea protein ingredients are expected to increase as a result of high demand among vegans. Also, the rising prevalence of cardiovascular diseases will result in higher sales of pea protein ingredients as consumers show higher inclination for healthy diet. Besides this, the demand for plant-based protein in sports nutrition will improve the sales in the pea protein ingredients market.

“Growing consumer preference for natural and organic food products and increasing concerns pertaining to animal welfare are expected to boost the market. In order to cater to surging requirements, manufacturers are introducing new products, which augmenting sales in the market,” says a FMI analyst.

Key Takeaways from Pea Protein Ingredients Market Study

  • North America is expected to account for over 79.2% of pea protein ingredients sales, with the U.S. dominating the market on the back of rising consumption of clean label food products
  • The U.K. pea protein ingredients market will account for 14% of market share in 2021
  • China’s pea protein market will surpass US$ 64.3 Mn in 2021 on the back of growing demand for sustainable and affordable vegan protein products
  • In terms of product, isolate pea proteins are expected to hold the lion’s share owing to their high-quality nutrition and growing adoption among lactose-intolerant people
  • Sales of pea protein ingredients in bakery sector are expected to surge at 9.9% CAGR through 2021.

Key Drivers

  • Growing demand for plant-based products and increasing trend for vegan lifestyle will accelerate the growth in the market.
  • Absence of allergen properties in pea-protein ingredients as compared to other conventional plant-based proteins is expected to improve the adoption
  • Declining consumption of meat products due to intolerance of animal protein is likely to boost the market

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Key Restraints

  • High cost of extraction and processing pea protein ingredients is anticipated to create the challenge for market players
  • Lack of processing outputs in emerging and low-income economies resulting in limited supply to hamper the sales.

Competitive Landscape

Leading players in the pea protein ingredients market are focusing on introducing new product lines in response to surging demand for clean label and non-GMO plant-based ingredients.

Also, some of the players are extensively investing in research and development activities to introduce new products in the market. Meanwhile, other players are collaborating with food manufacturers and end-users to expand their customer base. For instance:

  • In October 2021, Ingredion Inc., unveiled its Prista Line of pulse-based ingredient solutions. The line includes Homecraft Prista P 101 pea flour, Vitessence® Prista P 155 pea protein concentrate, and Vitessence Prista P 360 faba bean protein concentrate for plant-protein-based applications including instant and ready-to-eat (RTE) products.
  • In 2021, Ulrick & Shirt launched a new range of clean label, organic functional starches, and proteins.
  • In January 2020, Beyond Meat, a leader in plant-based meat, announced a multi-year pea protein supply agreement with Roquette, a leader in plant-based ingredients and a pioneer of plant proteins.

Some of the key players operating in the market profiled by FMI are:

  • A&B Ingredients Inc.
  • Nutri Pea Ltd.
  • Archer Daniels Midland Company
  • Kerry Group PLC.
  • Cargill Incorporated
  • The Scoular Company
  • Axiom Foods, Inc.
  • Batory Foods
  • PLT Health Solutions
  • Prinova Group LLC
  • Burcon Nutrascience
  • Cosucra Groupe Warcoing
  • Glanbia Plc.
  • Roquette Frerès SA
  • AGT Food & Ingredients, Inc.
  • World Food Processing L.L.C.
  • Yantai T. Full Biotech Co. Ltd.
  • Suzhou Wanshen Flour Products Co. Ltd.
  • Shandong Jindu Talin Foods Co. Ltd.
  • Others.

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More Valuable Insights on Pea Protein Ingredients Market

FMI, in its new report, offers an in-depth study of the global pea protein ingredients market, highlighting the growth prospects of the market through 2021 and beyond. The survey reveals demand outlook of pea protein ingredients market with detailed segmentation:

By Product Type:

  • Isolates
  • Concentrates
  • Textured

By Application:

  • Bakery & Snacks
  • Dietary Supplements
  • Beverages
  • Meat Analogs/Substitutes
  • Others

By Form:

  • Powder
  • Liquid
  • Others

By Region:

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

Key Questions Covered in the Report

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

Curcumin Market Projected To Grow By 11.3% CAGR Over The Forecast Period, From 2021 To 2031

FMIThe global curcumin market size is projected to total US$ 95.6 Mn in 2021. As per Future Market Insights (FMI) analysis, the overall sales of curcumin will surpass US$ 279.3 Mn by 2031. Demand for curcumin is projected to grow by 11.3% CAGR over the forecast period, from 2021 to 2031.

The use of natural skincare products improves skin texture, tone, and appearance due to the presence of nutrients that are beneficial for skin health. Curcumin extracts are primarily used in skincare products due to their pigmentation inhibition antimicrobial activity and antioxidant capacity, all of which help to prevent various skin diseases.

Increasing  awareness regarding benefits of natural ingredients used in cosmetics and personal care products expected to propel demand for curcumin over the forecast period.

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According to the study, curcumin sales represented 3% to 5% of overall curcuminoids market in 2020. Demand for curcumin is likely to soar as consumers across the globe realize the health benefits of curcumin as a functional ingredient.

FMI predicts the U.S., India, Germany, and China to emerge as primary markets for curcumin sales. Of these, the U.S. curcumin market is expected to grow by 9.7% CAGR between 2021 and 2031.

“Curcumin functional medicines is making deeper inroads in the healthcare sector. Their use in the treatment of cancer, coronary heart diseases, and neurological disorders for their cardio and neuroprotective benefits is expected to push growth in the market through the forecast period,” says a FMI analyst.

Key Takeaways from the Curcumin Market Study

  • The U.S. is estimated to remain the dominant market in North America, accounting for nearly 81.1% of the regional sales by 2021.
  • Germany is anticipated to emerge as a highly lucrative market in Europe, accounting for around 16.3% of the demand share in the region in 2021.
  • India is expected to account for the largest share in South Asia, holding over 45.2% of the curcumin sales by the end of 2021.
  • China is forecast to emerge as the most remunerative market in East Asia, creating an incremental opportunity of US$ 6.8 Mn through 2021.
  • Among the end-use verticals, the herbal and medicinal product segment is projected to register the fastest growth in the market, expanding at 12% CAGR over the assessment period.

Key Drivers

  • Increasing use of curcumin as a natural coloring additive in the production of mustard, butter, popcorn, cheese, and yellow cake mix is fuelling the demand in the food industry.
  • Rising inclination towards adoption of clean label cosmetics and skincare products is encouraging industry players to use natural and plant-based ingredients such as curcumin, which is in turn, driving the sales in the cosmetic segment.

Key Restraints

  • Availability of low-cost substitutes such as synthetic food colorants is a primary factor hindering the sales of curcumin.
  • Side effects associated with the consumption of curcumin such as constipation, gastroesophageal reflux, yellow stool, and stomach ache among others is hampering the demand for curcumin.

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Competitive Landscape

As per FMI, the top five manufacturers in the global curcumin market are estimated to account for nearly 35-45% of the total revenue share in 2021.

Leading players are focusing of adopting growth strategies such as new product launch, production capacity expansion, merger, collaboration, and acquisition to increase their global presence and market share. For instance,

  • In April 2019, Nuvothera, Inc., an American biotech company, announced launching a new Super-mirconized Turmeric Curcumin supplement to meet the increasing demand for curcumin-based beverages. The product launch is expected to assist the consumer reduce their dependence on prescribed medicines.
  • In October 2018, Applied Food Sciences Inc., a leader innovator of functional and organic ingredients in the natural products industry, announced launching its new product named CurcuFlow, a free-flowing curcumin extract. It is designed for the producers to assist them in achieving a stain-free and cleaner turmeric production.

Some of the key players operating in the market profiled by FMI are:

  • BioMax Life Sciences
  • Hebei Tianxu Biotech Co.,Ltd
  • JIAHERB, INC.
  • Synthite Industries Ltd
  • BioThrive Sciences
  • Herboveda India Pvt. Ltd
  • Sabinsa Corporation
  • The Green Labs LLC
  • WackerChemie AG
  • Hindustan Mint & Agro Products Pvt. Ltd.
  • Arjuna Natural Extracts Ltd.
  • SV Agrofood
  • Star Hi Herbs Pvt. Ltd.
  • Helmigs Prima Sehejtera P.T
  • SMP Nutra
  • Others

By Nature:

  • Organic
  • Conventional

By Form:

  • Powder
  • Liquid

By Application:

  • Heart Health
  • Brain Health
  • Stress/Anxiety Relief
  • Anti-inflammation
  • Antioxidant
  • Flavorant & Colorant

By End-Use:

  • Dietary Supplements
  • Food Products
  • Herbal & Medicinal Products
  • Cosmetics

Region:

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

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Key Questions Covered in the Report

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

Fortified Foods Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis And Share By Forecast 2027

FMIApproximately 2 billion people across the world still lack access to the essential minerals and vitamins needed for a healthy and sustainable lifestyle. That is why food fortification programmes are actively encouraged by national governments, especially in developing nations. Future Market Insights has prepared an insightful report on the global fortified foods market titled ‘Fortified Foods Market: Global Industry Analysis 2013-2018 and Opportunity Assessment 2019-2027’. The fortified foods market is expected to push past US$ 500 Bn by the end of the forecast period witnessing a CAGR of 6.3% in terms of value during the forecast period.

Milk and milk products fortified with Vitamin D are critical in the North America fortified foods market and the basic foods segment is expected to push past US$ 20 Bn by the end of the decade long study. Margarine fortification is also gaining substantial traction and companies actively involved in the fortified foods market would do well to take this into cognizance.

With the rising prevalence of nutritional deficiencies, particularly in the developing world, food fortification programmes have taken shape in the form of public health initiatives. Statistical studies have proven that iodine fortification has decreased the incidence of goitre by almost 90%.

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Focus on basic foods instead of processed foods in the fortified foods market

The basic foods application segment of the global fortified foods market is predicted to reach just under US$ 94 Bn by the end of the forecast period. The yoghurt and others sub-segments have the largest contribution to the fortified foods market with the former alone being approximately 2/5th of the basic foods segment in terms of value.

The highest CAGR is anticipated to be in the basic foods segment as milk and milk products are rich in calcium and are perfect to combat vitamin D and calcium deficiency across the globe. Therefore, fortification of basic foods is far more critical than that of processed foods in the fortified foods market. Yoghurt fortification is poised to witness a robust CAGR of 6.7% from 2019-2027, meaning that key stakeholders in the fortified foods market would do well to target this segment with customised strategies.

Competition Landscape in the Fortified Foods Market

Future Market Insights has profiled some of the most prominent companies’ active in the fortified foods market. These include Nestlé S.A., BASF SE, General Mills, Tata Chemicals Limited, Mondelēz International, Cargill Incorporated, Danone, Bühler AG, Bunge Limited, Unilever PLC, Koninklijke DSM NV, Stern-Wywiol Gruppe GmbH & Co. KG, Arla Foods amba, Nutritional Holdings (Pty) Limited, Dr. Paul Lohmann GmbH KG Chemische Fabrik, Wright Enrichment Inc., Gastaldi Hermanos, Sinokrot Global, Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi, and Corbion NV.

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Global Fortified Foods Market Taxonomy

Application

  • Basic Food
    • Cheese
    • Butter
    • Yoghurt
    • Others
  • Processed Food
  • Extruded Products
    • Pasta
    • Snacks Food
  • Powdered Products
    • Infant Formula and Cereals
    • Powdered Beverages
  • Value added Food
    • Juice
    • Condiments

Micronutrients

  • Vitamins
    • Vitamin A
    • Vitamin B
      • Thiamine (Vit B1)
      • Riboflavin (Vit B2)
      • Niacin (Vit B3)
      • Vitamin B6
      • Folic Acid
      • Vitamin B12
    • Vitamin C
    • Vitamin D
    • Other Vitamins
  • Minerals
    • Calcium
    • Iron
    • Zinc
    • Iodine
    • Other Minerals
  • Other Fortifying Micronutrients

Raw Materials

  • Flours
    • Rice
    • Wheat
    • Corn
  • Rice
  • Salt
  • Milk
  • Oil
  • Sugar

Technology

  • Drying
    • Oven Drying
    • Drum Drying
    • Spray Drying
  • Extrusion
  • Coating & Encapsulation
  • Others

Sales Channel

  • Modern Trade
  • Online Sales
  • Neighborhood Stores
  • Other Retail Format

FREQUENTLY ASKED QUESTIONS ABOUT FORTIFIED FOOD MARKET

  • At what rate of growth will the fortified food market rise?
  • Which is the leading segment in fortified food market by raw material?
  • Which region will dominate the fortified food market?
  • What are the chief factors driving market?
  • Which segment based on technology will report the highest CAGR over the forecast period?

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Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Fortification Market Overview

3. Market Dynamics

3.1. Macroeconomic Factors

3.2. Forecast Factors – Relevance and Impact

4. Global Historical Market Analysis 2012–2016 and Forecast 2017–2027

5. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Raw Material

6. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Micronutrients 

7. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Application

Shrimp Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects And Forecasts To 2031

FMI
Increasing focus on maintaining good health especially as the world is witnessing various pandemic and epidemic outbreak has been increasing seafood consumption. Against this backdrop Future Market Insights (FMI), presents a positive outlook for the shrimps market. According to the report, the shrimps market is slated to register a CAGR of 6.7% between 2021 and 2031.In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for taurine. The report tracks the global sales of taurine in 20+ high-growth markets, along with analysing the impact COVID-19 has had on the food and beverage industry in general, and taurine in particular.

Skin care products containing ingredients derived from shrimps are proven to be very beneficial in skin tightening and skin rejuvenation as shrimp contains collagen which is very much needed for tissue repair. Skin cells can be renewed with regular intake of collagen. The upper layer of skin called as epidermis is the most delicate part of the skin.

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Consumption of shrimp in form either as a part of their regular diet or in the form of dietary supplements also offers various health benefits. According to the report, the food sector is expected to account for nearly70% of sales in the market through the forecast period.

“Increasing demand for food products with high nutritive value will drive shrimps sales. The market players are likely to focus on strategic collaborations to explore opportunities across untapped markets,” said a lead analyst at FMI

Key Takeaways from the Shrimp Market Study

  • Despite restrictions amid pandemic, shrimps market is forecast to exhibit a little below 6% y-o-y growth in 2021
  • Increasing shrimp consumption will enable the U.S. account for over 80% sales in North America
  • The U.K. will continue dominating the Europe market, exhibiting 8.6% y-o-y growth in 2021
  • Seafood consumption is considerably high in Germany and France, catapulting them as lucrative markets for shrimps within Europe
  • China is the largest producer of shrimps and will continue dominating the East Asia market

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Increasing Use of Shrimp in Cosmetics and Pharmaceutical Segments

Medical advantages of shrimpscan improve bone density, mind wellbeing, weight control, and reduce the risk of cardiovascular illnesses. Ingredients derived from shrimps are used in various skin care brands, aimed at offering good skin and anti-aging properties.

Shrimps contain a carotenoid called astaxanthin, which has amazing cell reinforcement properties that can incredibly lessen the indications of skin aging caused due to sun damage. Increasing use in cosmetics and pharmaceutical products will aid the overall expansion of the market.

Competitive Landscape
Some of the leading players operating in the shrimps marketare Vinnbio India Pvt. Ltd,  Charoen Pokphand Food PCL, Pescanova S.A, Galveston Shrimp Company, Gulf Shrimp Company, Seajoy Group, Dom International Limited Thai Union Frozen Products PLC,Marine Harvest ASA, Baton Rouge Shrimp Company, Inc., Labrador Fishermen’s Union Shrimp Company Ltd., ,The Clover Leaf Seafoods Family Ristic GmbHOmarsa S.A, MSeafood Corp Carribbean Ananda Group, Nippon Suisan Kaisha, Ltd.,Shrimp Company Limited, Artisanfish LLC,  Orchid Marine and others.

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Shrimp Market by Category

Species

  • Gulf Shrimps
  • Farmed Whiteleg Shrimps
  • Banded Coral Shrimps
  • Royal Red Shrimp
  • Giant Tiger Shrimps
  • Blue Shrimps
  • Ocean Shrimps

Source

  • Organic
  • Conventional

Form

  • Canned
  •  Breaded
  • Peeled
  • Cooked & Peeled
  • Shell-On
  • Frozen

Sales Channel

  • Direct
  • Indirect
    • Modern Trade
    • Convenience Stores
    • Specialty Food Stores
    • Wholesale Stores
    • Discount Stores
    • Online Retail
    • Other Retail Formats

Application

  • Food
  • Pharmaceutical
  • Cosmetics
  • Industrial
  • Biotechnology

Region

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

Sales of Agriculture Equipment to Surpass 6.7 Mn Units through 2031, Amid Increasing Governmental Support: FMI

ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global agricultural equipment market will register a CAGR of 4.8% between 2021 and 2031, reaching a market volume of around 6.7 Mn units by 2031 end.

The swift growth of agricultural equipment market can be attributed to the growing preference for farm mechanization and increasing governmental policies to facilitate crop production.

The agriculture industry is under constant pressure to address the food security issue. Farmers across the world are employing various equipment to increase food production. These machines minimize the manual labor and reduce turnaround time.

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Growing popularity of precision farming is augmenting the demand for modern agricultural equipment. With the integration of artificial intelligence (AI) and internet of things (IoT), the sales of agriculture equipment are soaring. Smart farming is gaining traction.

Introduction of electric agricultural equipment has completely changed the market scenario. These equipment does not only minimize the emissions but also reduce costs and improve efficiency.

New trends of agricultural robotics and driverless machines are attracting large number of farmers to upgrade their equipment systems.

As per FMI, the agricultural equipment market will surpass a valuation of US 65 Bn by 2021 end.

“Technological advancements in agricultural equipment and the availability of farm equipment rentals will offer lucrative growth opportunities for the manufacturers in the future” says the FMI analyst.

Key Takeaways from FMI’s Agricultural Equipment Market Study

  • Europe dominates the ground support equipment market as a result of increasing agricultural mechanization and presence of leading manufacturers. The market in the region is set to register steady growth at 4.4% CAGR between 2021 and 2031.
  • The U.S. is expected to register a strong CAGR during the forecast period as a result of rapid technological advancements and availability of equipment leasing.
  • With implementation of favorable governmental policies, China is anticipated to emerge as the leading market for agricultural equipment.
  • Top 5 players operating in agricultural equipment market collectively account for 44% market share.
  • By product type, tractors dominate the agricultural equipment market with their multipurpose nature.

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Competitive Landscape

Key players operating in agricultural equipment market are investing heavily on research and development activities. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market. For instance,

In August 2021, Precision Planting, LLC a subsidiary of AGCO Corporation announced an agreement to acquire the business and assets of Headsight, Inc., a leading precision agriculture harvesting solution company. The acquisition will help the company to offer farmers a range of industry-leading precision ag technologies across the crop cycle that will help them to maximize their value and output while minimizing inputs and impact.

In 2021, XAG Co., Ltd. Launched XAG R150, a jet sprayer system to pollinate fruit trees. A specially mixed solution of pollen is poured into the R150’s liquid tank before it is sent on a predetermined route around an orchard to spray pollen.

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Wetsuit Market Is Expected To Surpass A Valuation Of US$ 1.78 Bn In 2021. Between 2021 And 2031

As per a recent market analysis by Future Market Insights (FMI), the global wetsuits market is expected to surpass a valuation of US$ 3.35 Bn, expanding at a 6.5% CAGR through 2031.

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Consistent growth of recreational water sports activities is spurring demand for wetsuits, with eco-friendly wetsuits emerging as the most popular products in the global wetsuits market.

Initially, the brand O’Neil Inc., manufactured the first wetsuit using neoprene. However, with technological advancements and the availability of modern machines has enabled brands to offer wetsuits made from other materials such as wool, lycra, synthetic rubber, and spandex.

This has enabled the wetsuits brands to diversify their product portfolios. Moreover, with growing demand for eco-friendly materials, sales of wool and lycra-based wetsuits are projected to rise over the forecast period.

Further, wetsuits designing has shifted from traditional methods such as  seam taping and seam gluing to blind stitching. Blind stitching allows manufacturers to stitch the material completely from one side without making holes directly through the material.

This technique potentially gives more flexibility to the wetsuit and stops continuous flow of water through the material. These developments are expected to continue augmenting growth of the wetsuit market over the forecast period.

“Introduction of safety technologies such as Shark Attack Mitigation System (SAMS) in wetsuits, along with emergence of indoor artificial water waves activities are projected to augment growth of the global wetsuit market through 2031,” says an FMI analyst.

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Key Takeaways:

  • Based on product type, the full sleeves wetsuits segment is expected to hold 70.4% of the total market share in 2021.
  • Surfing as an application of wetsuits is likely to dominate the market with a share of 37.3% in 2021.
  • Men wetsuits are highly in demand among the consumers. This is likely due to the availability of wetsuits for men in various sizes, designs, and colors. The segment is projected to hold 50.1% of the total wetsuit market share in 2021.
  • In terms of price range, under US$ 100 is projected to hold the highest market share in 2021, at around 51.2%.
  • Sales of wetsuits through water sporting accessories stores are expected to grow at a 5.4% CAGR through 2031.
  • The U.S. is expected to dominate the North America wetsuit market, holding 83.9% of the market share in 2021.
  • India will emerge as an attractive wetsuit market, accounting for 27.25 of the South Asisa market share in 2021.
  • China is projected to account for 43.9% of the East Asia wetsuit market share in 2021.
  • Japan and South Korea will account for 23.5% and 32.6% of the global wetsuit market share over the forecast period.

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Competitive Landscape

Prominent players present in the global wetsuits market are O’Neil Inc., Quicksilver Inc., Billabong International Limited, Aqualung, Gullewa Limited, Shieco Group Co., Ltd., Xcel, Patagonia Capital Ltd., Vissla, Rip Curl, Sisstrevolution, Speedo, BARE Sports, and Decathlon S.A. among others. Top 5 players in the wetsuit market are projected to account for 15-25% of the total market share over the forecast period.

Leading manufacturers of wetsuits are focusing on upon product development and implementing eco-friendly and new material that are more flexible, reliable, and provide better insulation to protect user from catching hyperthermia. For instance:

  • In 2020, Billabong introduced their new line-up of Eco-Conscious wetsuits that are made with recycler tech- meaning the graphene is infused with 100% P.E.T. recycled fibers.