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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

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-4777

The rising number of mothers participating in workforce across the globe has propelled the adoption of infant formula. In response to the increasing demand for organic baby food, sales of infant formula are set to rise at a robust pace of 10.60% CAGR between 2021 and 2026.

Sales of infant formula increased by 9.9% in 2021 owing to the rise in demand for baby food with clean label ingredients. Increasing penetration of e-commerce platforms have necessitated the rising demand of organic infant formula across the globe.

Key players in infant formula market are focusing on strategic collaboration with online pharmacies and retail stores. Their partnership is often aimed at catering the growing demand. Following the outbreak of COVID-19, while the world witnessed global shutdown, consumers turned to online shopping as safety measure.

Against this backdrop, partnerships with online store dealers is seen as a key market strategy to meet the rising demand, especially in developing regions. Based on aforementioned factors, the infant formula market value is estimated to reach US$ 38.8 Bn in 2021, opines Future Market Insights (FMI).

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Key Takeaways from FMI’s Infant Formula Market Study

• Online stores are anticipated to be the primary distribution channel during the forecast period, followed by pharmacy stores
• In terms of product type, starting milk formula segment is anticipated to account for over 50% of global market share
• Special milk formulas and follow-on milk formulas are estimated to register growth with impressive double-digit CAGR over the next ten years
• France and Germany are anticipated to register, collectively, robust growth backed by the presence of leading players during the forecast period
• China is likely to dominate the global infant formula market backed by the rising demand for organic baby food in the country
• The U.S. will lead the North America infant formula market during the forecast period owing to the rising number of mothers participating in the workforce
• India will emerge as a lucrative market owing to rising cases of malnutrition children under the age of 5 in severe need of additional diet supplement

“Increasing demand for eco-friendly packaging and organic baby food will create a conducive environment for the manufacturing of infant formula, creating lucrative growth opportunities. Emergence of new Chinese group companies are currently challenging the industry giants through innovations and new product launches,” says the FMI analyst. 

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-838

Competitive Landscape

Key players operating in infant formula market are focusing on strengthening their foothold in the industry due to increasing competition. Nearly 50-60% of the global market is dominated by Nestle, Danone, The Kraft Heinz Company, Abbott, and Friesland Campina.

However, the market scenario is expected to take a turn with innovations and new launches of infant baby formula by emerging group of Chinese manufacturers. Collaborations with current key players is the prime strategy of these Chinese manufacturers.

Current market players are increasing their research activities to develop new product launches with increased nutritional value to maintain their position in the industry.

For instance, in March 2021, Nestle introduced new range of bio-based lids and scoops made from sugar cane and its by product for a range of its nutrition products for infants and children. Along with this, its new Nestle Nutrition NAN infant formula packed in new eco-friendly packaging material was made available in the global market in January 2021.

In January 2021, Bobbie, the only mom founded and led infant formula company in the U.S. announced the launch of its first organic, European style infant formula that passed the approval of the U.S Food & Drugs Administration (FDA) requirements.

More Insights on the Global Infant Formula Market

In its new offering, Future Market Insights, offers detailed segmentation on global infant formula market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is classified on the basis of product type (starting milk formula, follow-on milk formula, toddlers milk formula, and special milk formula), and distribution channel (specialty outlets, supermarkets, online stores, pharmacy stores, and others) across major regions (North America, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan).

Providing the lightness to food items such as cakes and breads has led food & beverage companies towards adopting raising agents to their production methods. For their specific function in releasing gas when the mixture gets heated, raising agents are important in the production of cakes and several other bakery items as they make them fluffy and creamy at the core. Chemical, biological, natural or physical, a range of raising agents are being used in the global food & beverage industry. However, the demand for raising agents continues to descend with emergence of egg alternatives and substitutes such as lemon juice. According to a recently published forecast study by Future Market Insights, the global market for raising agents is poised to expand at a moderate pace in the foreseeable future.

Key insights from the study reveal,

• The global raising agents market is expected to register a value CAGR of 3.1% for the forecast period, 2017-2026
• In terms of volume, the study estimates that by the end of 2026, over 33,00,000 tonnes of raising agents will be sold across the globe
• The demand for raising agents will witness a considerable traction on the back of their effective applications in production of confectionaries

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Confectionary Product Applications to Register Fastest Revenue Growth at 3.6% CAGR

The study has highlighted the rising applications of raising agents in the confectionary businesses. Manufacturers of confectionary products in several parts of the world are using up a considerable share of raising agents being produced in the world. The report estimates that in 2017, US$ 5.4 billion worth of raising agents sold across the world were accounted by confectionary product applications. The report also reveals that the demand for raising agents namely, cream of tartar and baking soda, will gain equivalent traction by registering a value CAGR of 3.2% individually for the forecast period. During this period, baking powder will lose its prevalence as a sought-after raising agents. Acidity issues and rancid tastes arising from excessive use of baking powder as raising agents will continue to lower its demand in the global market. On the other hand, the report also reveals that organic agents will register highest revenue growth, bringing in more than US$ 5 billion by 2026-end.

Europe to Represent Leading Consumer Marketplace for Raising Agents

The consumption of raising agents through direct or indirect sales is expected to be high in European countries. In 2017, Europe’s raising agents market was estimated to be valued at nearly US$ 11 billion. The report further revealed that in the same year, direct sales & wholesalers accounted for more than US$ 9 billion revenues procured in the global raising agents market. Increasing consumption of confectionaries, prevalent demand for baked goods, and easy access to natural raising agents are observed to drive the growth of Europe’s raising agents market during the forecast period. The report also estimates that several leading companies producing raising agents on a global scale will be aiming at expanding their businesses across European countries. Weikfield Products Private Limited, Caravan Ingredients Inc., ACH Food Companies Inc., Davis, Clabber Girl Corporation, Rumford, Foodchem International Corporation, Newseed Chemical Co. Limited, McCormick & Company Inc., and (Tártaros Gonzalo Castello SL) Mitsubishi Corporation, are observed as the key players in the global raising agents market. These companies are expected to drive the global production of raising agents through 2026.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-6136

About Food Market Division at FMI

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

The report offered by Future Market Insights (FMI) expects the global food botanicals market to witness sluggish growth. The market is projected to register 3.0% CAGR during 2017-2026. The global food botanicals market is also projected to bring in US$ 1,538,534.2 million revenue by the end of 2026.

Botanicals including various plants have gained popularity in various food products. More than 250 botanicals including fresh or dried plants, plant parts in the form of concentrated extracts are added during the processing of the food products. Botanicals are mainly added to provide fragrance, colour, flavour to various food products. Among various botanicals used in food products, many botanical ingredients are generally recognized safe by various regulatory bodies.

Increasing consumption of herbal products and supplements is driving the demand for botanicals in the food and beverages industry. Owing to the characteristics of botanical ingredients including intrinsic health properties is resulting in the increasing use of botanicals in food products. Manufacturers or producers are also investing in research of new botanicals or plants that can be used in various food products offering a unique taste and lots of health benefits. Changing lifestyle and increasing consumption of dietary supplements including natural ingredients is also driving the market growth.

However, stringent regulations, increasing concerns over raw materials, and increasing number of people suffering from various food allergies are some of the factors hampering the growth of the global food botanicals market. Companies producing beverages energy drinks and non-alcoholic drinks are also focusing on introducing new products using botanical ingredients to offer a unique product with enhanced flavors.

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Key Insights on the Global Food Botanicals Market

The global food botanicals market is segmented into form, source, end users, application, and region. Based on the source, the market is segmented into plants, algae, and fungi or lichens. Plants are expected to witness the highest growth. By the end of 2026, plants are projected to surpass US$ 992,600 million revenue.

On the basis of form, the segmentation includes dried plants and leaves, oelioresins, essential oils, and other forms. Among the given forms, dried plants and leaves are expected to be the most preferred form of food botanicals. Dried plants and leaves are projected to bring in close to US$ 624,900 million revenue by the end of the forecast period.

Based on the application, the global food botanicals market is segmented into beverages, confectionary, supplements, flavour enhancers, and other applications. Supplements are anticipated to be the largest segment in terms of application. Supplements are projected to surpass US$ 521,800 million revenue towards the end of 2026.

On the basis of end users, the market is segmented into commercial and residential. Commercial segment is expected to witness the fastest growth during the forecast period. By the end of 2026, commercial segment is projected to generate more than US$ 931, 200 million revenue.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-6135

Geographically, the global food botanicals market is expected to witness the fastest growth in the Asia Pacific Excluding Japan (APEJ). Increasing consumer awareness about the benefits of health supplements, growing demand for plant-derived food, medicines, and supplements in the countries such as China and India are some of the factors driving the food botanicals market in the region. Rising demand for superfoods, protein products and herbal extract powders in APEJ is also contributing to the growth of the market.

Competitive Analysis

Kerry Group Plc, Marfrig Group, BRF S.A., Pilgrim’s Pride Corporation, Associated British Foods Plc., Tyson Foods, Inc., Arcadian Organic & Natural Meat Co, and Verde Farms, LLC, are some of the major companies operating in the global food botanicals market.

In the last few years consumers have become more selective about their food choices. Rising awareness among consumers has spurred the demand for prefer healthier, better quality and ecological food products. Fish is a widely available nutrient rich food source with high protein, minerals and vitamin content. Therefore, fish consumption has considerably increased over the years. Projected to rise at a CAGR of ~6 between 2019 and 2026, Future Market Insights foresees stable growth for the market.

Key Takeaways from the Fish Powder Market Study

• According to the report, several manufacturers are expanding their global footprint through acquisition of major regional players. This is also intended to expand their product offerings and increase the number manufacturing facilities. Currently key players are focusing on opening innovative development centres to boost manufacturing capabilities in the targeted country and improve their global presence.
• Since there is limited production of fish powder, leading manufacturers are now focusing on improving their distribution base in the global market in order to make sure the product is readily available to its target customers.
• Among various end-use segments, the usage of fish powder in animal feed is most common. Owing to the increasing health awareness and growing preference for processed food/diet with low fat, sugar, salt and high protein content, the demand for fish powder is considerably rising in the food & beverages segment.
• Technologies that are expected to gain prominence in the upcoming years are influenced   by various macroeconomic factors that may also change the course of growth. Also, emergence of new technologies is likely in the near future. These technologies can replace the existing ones or render their traditional counterparts completely obsolete. The financial situation and the company’s manufacturing these products will select the course of the growth of these technologies

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-7820

“Key players are anticipated to focus on improving their horizontal integration to reduce the uncertainties associated with the supply of consistent quantity and quality of raw materials. Furthermore, upcoming entrants in the fish powder market are specifically expected to focus on incorporation of more advanced processing technologies mainly which are environment friendly as well as economical to grow as a leader in the market.” says an FMI analyst.

The consumption of fish has markedly increased on account of promotion campaigns undertaken and increasing consumers concerns regarding healthy and sustainable life. In addition to this, factors such as population growth, increase in per capita disposable income, healthy food consumption trend, and urbanization also have a positive impact on the market.

The demand for pet foods offering high protein, low carbohydrates and grain free diets is persistently increasing. In addition to this, there is a rise in the number of pet food products with “limited ingredients” and “novel ingredients” with an expanding “No” list of wheat, corn, soy, potato, beet pulp, beef and other byproducts.  As a result these factors, fish meal has been quite popular among pet owners since the last few years.

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Who is winning?

Some of the key players operating in the fish powder market are Omega Protein Corporation, Bio-marine Ingredients Ireland Ltd., Scanbio Marine Group AS, Bio-Oregon Protein, Inc., TripleNine Group A/S, Sopropeche S.A., Alaska Protein Recovery LLC., Titan Biotech Limited, A Costantino & C. S.P.A., Oceana Group Limited S.A., Empresas Copec S.A., Ff Skagen A/S., Biomega AS., Sardina D.O.O., Pesquera Diamante S.A., Austevoll Seafood ASA., Colpex International S.A.C., Symrise AG, and others.

Several leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain competitive advantage.

• In 2015, Oceana Group Limited S.A. acquired the fishing business of Foodcrop Limited. This acquisition deal was carried out through an investment of around US$ 34.5 Mn. This acquisition is entitled to pelagic fishing rights, which is expected to benefit the group enabling expansion of its fishmeal production capacity.
• In October 2017, FF Skagen AS acquired Skagerak Pelagic from Skagerak Group. Through this acquisition it entered into the market of pelagic fish for human consumption. Skagerak Pelagic is Denmark’s largest producer of herring for human consumption, producing around 30,000 metric tons of finished herring products.

Get Valuable Insights into Fish Powder Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global Fish Powder market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the Fish Powder market based on the product type (fish meal powder and fish protein powder), end user (food & beverages, cosmetics & personal care, sports nutrition & dietary supplement, pharmaceuticals, fertilizers, and animal feed (animal feed segment is further categorized into aqua feed, poultry, and swine)), and distribution channel (B2B and B2C (B2C is segmented into Store based retailing and online retailing) across seven major regions.

About the Food & Beverage Division at Future Market Insights

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

About Food Market Division at FMI

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

The global lactose free dairy products market is primarily characterised by the presence of a large number of regional and multinational companies. According to a recently published report by Future Market Insights titled “Lactose Free Dairy Products Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2019-2027),” the global lactose free dairy products market is estimated to reach a valuation of US$ 17,809.4 Mn by the end of 2027. Sales revenue is expected to increase at a CAGR of 5.3% during the forecast period 2019 – 2027.

Global Lactose Free Dairy Products Market: Drivers

• Rise in organic food and beverage consumption is driving the lactose free dairy products market
• Mature market for lactose free dairy products and a well aware consumer base is anticipated to boost the growth of new offerings of lactose free dairy products
• Prevalence of lactose intolerance in the Latino population is driving consumers towards lactose free solutions in dairy products
• Improving global economics is triggering consumer preference for premium products such as lactose free dairy products
• High lactose intolerant population in certain regions is expected to create good potential for lactose free dairy products
• A growing foreign population in the GCC and South African region is expected to drive demand for lactose free dairy products

An increasing global urban population is expected to drive the lactose free milk and other lactose free dairy products market

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Global Lactose Free Dairy Products Market: Forecast by Nature

On the basis of nature, the global lactose free dairy products market is segmented into organic and conventional segments. The global lactose free dairy products market is expected to be dominated by the conventional segment over the forecast period owing to its competitive price point. However, in terms of value, the organic segment is anticipated to witness high CAGR growth over the forecast period as a result of increasing demand for organic products across the globe.

Global Lactose Free Dairy Products Market: Forecast by Distribution Channel

On the basis of distribution channel, the global market for lactose free dairy products is segmented into supermarkets/hypermarkets, convenience stores, speciality stores and e-retailers. In terms of volume, the speciality stores segment is expected to witness comparatively low CAGR growth over the forecast period. In terms of value, the e-retailers segment is projected to witness high CAGR growth over the forecast period as a result of the increasing penetration of the internet and adoption of online shopping globally.

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Global Lactose Free Dairy Products Market: Forecast by Form

The form segment comprises semi-solid, liquid, and powder segments. In terms of growth, the liquid segment dominates the global market with a CAGR of 5.5% throughout the projected period. This growth can be attributed to a large volume consumption of whole milk. The semi-solid segment is also expected to perform well over the study period owing to increasing demand for yoghurt and cream based products.

Global Lactose Free Dairy Products Market: Forecast Product Type

On the basis of product type, the global market for lactose free dairy products is segmented into milk, condensed milk, milk powder, yoghurt, ice cream, desserts, butter/cheese, infant formula, processed milk products. The milk segment is anticipated to witness comparatively high growth over the forecast period owing to increased demand in the global market.

Global Lactose Free Dairy Products Market: Forecast by Region

In a majority of the developed as well as developing countries, increased per capita spending on dairy products is expected to drive revenue growth of lactates and related ingredients. This growing demand for milk and milk products offers significant growth opportunities for dairy products manufacturers. This is boosting the consumption and sales of lactose free dairy products across various regional markets.

About Food Market Division at FMI

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

As per the report by Future Market Insights (FMI), the global chickpea flour market is likely to witness moderate growth. The market is also estimated to increase to 4.7% CAGR throughout the forecast period. By the end of 2026, the global chickpea flour market is also estimated to generate US$ 5,263.1 million revenue. Chickpea Flour is made by grinding whole dry chickpeas. Being a good source of fiber and protein, and cholesterol free, the demand for chickpea flour is increasing. Chickpea flour also helps to fight various health problems such as obesity, heart disease, diabetes, and cancer, hence the consumption of chickpea flour is increasing. Although chickpea flour is used across the globe, it is especially used in Indian cuisines.

Key Highlights on the Global Market for Chickpea Flour

The global market for chickpea flour is segmented on the basis of distribution channel, product type, application, and region. By distribution channel, the market is further segmented into Departmental Store, Convenience Store, Online Store, Modern Trade, Food Chain Services, and Other Distribution Channels. Food chain services are likely to emerge as the largest distribution channel for chickpea flour. By 2026 end, food chain services as a distributor of chickpea flour is estimated to bring in nearly US$ 1,600 million revenue.

Based on the product type, market segmentation includes kabuli and desi chickpea flour. Among these two products, desi chickpea flour is expected to witness significant growth as compared to the kabuli chickpea flour. Desi chickpea flour is estimated to exceed US$ 3,200 million revenue by the end of 2026.

By application, the segments include dairy products, beverages, bakery and confectionery, animal feed, extruded products, and other applications. Among these, chickpea flour is estimated to find the largest application in bakery and confectionery. Towards the end of the forecast period, bakery and confectionery is projected to generate revenue exceeding US$ 2,400 million revenue.

Based on the region, Asia Pacific Excluding Japan (APEJ) is expected to register the highest growth in terms of value throughout the forecast period 2017-2026. APEJ is estimated to exceed US$ 2,400 million revenue by the end of 2026. Chickpea flour is used on a large basis in Indian cuisines, especially in sweet desserts, snacks and various other dishes. Also, high cultivation of chickpea in the region is contributing to the growth of the chickpea flour market. Meanwhile, North America followed by Europe are also anticipated to witness substantial growth in the coming years. Changing eating habits and rising health consciousness among people is driving the market growth in the region.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-6126

Competitive Landscape

Parakh Agro Industries Ltd, Bean Growers Australia, CanMar Grain Products, Best Cooking Pulses, Blue Ribbon, Great Western Grain, Diefenbaker Spice & Pulse, Batory Foods, Anchor Ingredients, The Scoular Company, EHL Limited, SunOpta, ADM, Ingredion, and The Scoular Company, are some of the leading companies in the global market for chickpea flour.

About Food Market Division at FMI

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