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The global Thioglycolate market size is expected to reach US$ 137.7 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 3.4% CAGR between 2019 and 2029. According to the report, rising demand for bakery products and also application of thioglycolate in cosmetic industry globally are adding positive points towards the growth of the market. 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.

• The estimated value of the market was at US$ 98.6 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Regionally, North America has emerged as a key market for thioglycolate holding the largest share in the market.
• Europe and Asia will remain steady as key markets for thioglycolate.
• Coronavirus has emerged as the biggest hinderance restricting the demand of thioglycolate worldwide.
• Countries in Europe such as France and Germany are affected the most by the virus, this could have a huge impact on the demand of the product.
• Key players are likely to focus on product innovations and business collaborations to stay relevant in developed markets.

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“Growing cosmetics industry in emerging markets of Asia Pacific and Latin America is expected to provide companies with opportunities to increase their global presence.,” said a lead analyst at FMI.

Increasing Consumption of Bakery Products will Propel Growth

Thioglycolate have their application in chocolate ingredients, sodium reducing agents, frozen foods & beverages additives and also in the cosmetics industry. Among which frozen food industry will show brisk growth during the forecast period owing to the expansion of the bakery industry. It has been identified as a major end use industry for thioglycolate. Consumer shift towards ready to eat food products as that is suitable for their busy lifestyle is majorly impacting the bakery products demand in most of the countries like China, India, Japan, Russia, Malaysia, Brazil and many more emerging countries in different regions.

Who is Winning?

Some of the leading players operating in the Thioglycolate market are Haihang Industry Co. Ltd., Triveni Chemicals, Alpha Chemika, Neostar United Industrial Co. Ltd., ICC Chemical Corporation, American International Chemical Inc., CellMark Chemicals, Alfa Aesar, AN Pharma Tech Co. Ltd, and Advanced Technology & Industrial Co. Ltd.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11223

Emerging regions such as Asia Pacific and Latin America are expected to witness significant market growth owing to rising disposable income and rapid urbanization. Growing cosmetics industry in emerging markets of Asia Pacific and Latin America is expected to provide companies with opportunities to increase their global presence.

In order to capture a larger market share, key market incumbents are undertaking initiatives and adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing.

Get Valuable Insights into Thioglycolate Market

The global Thioglycolate Market is segmented in detail to cover every aspect of the Market and present complete Market intelligence to readers.

Product Type

• Methanol
• Ethylene Glycol
• Diesel
• Napthalene
• Ethylbenzene
• Formaldehyde

Application

• Hair care and cosmetic product
• Chemical Intermediate
• Pharmaceuticals

Region

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

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 functional proteins market size is expected to reach US$ 10.9 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.3% CAGR between 2022 and 2032.

According to the report, the global functional protein market is driven by increased consumer awareness of the benefits of a balanced diet, increased incidence of chronic diseases and technological advancements in the functional protein manufacturing process. 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.

• The estimated value of the market was at US$ 10.9 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• The Asia Pacific region emerged as the largest market for the functional proteins.
• The North America region is expected to grow at a robust pace owing to its rising awareness pertaining to functional foods and increasing demand for the products with reduced calorie level and high nutritional content.
• Gaining popularity of sports nutrition functional foods and dietary supplements among working professionals is expected to increase the consumption of protein-enriched foods.
• Investments and expansions in the region have driven the growth of the Asia Pacific functional proteins market.

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“Growing demand for nutraceuticals due to increased understanding of maintaining a balanced diet and improving human body nutritional value is expected to remain a key driving force in the near future,” said a lead analyst at FMI.

Demand for Functional Proteins in Dietary Supplements to Rise Amidst Coronavirus Outbreak

As a result of the spread of coronavirus, consumers are likely to become more careful about their health and wellness. The spread of various lifestyle disease and improving public perception of wellness will aid the expansion of functional proteins market.

Dietary supplements such as whey protein concentrate provide added benefits such as fat loss, stress reduction, and reduced cravings, thereby boosting the functional protein market development. It is anticipated that the production by manufacturers of various types of protein ingredients such as concentrates and isolates for food products such as meat, beverages, dietary supplements, infant formula, bakery, confectionery and other food products will drive the growth of the functional protein market. Also, the shifting trend of consumers toward health and wellness is another significant driver for the global functional proteins market.

Who is Winning?

Some of the leading players operating in the functional proteins market are Kerry Group PLC, Glanbia PLC, Arla Foods, Fonterra Co-Operative Group, Koninkijke DSM N.V., Archer Daniel Midland Company, Frieslandcampina, Saputo Ingredients, APC Inc., AMCO Proteins, Abbott Nutrition, Real Dairy Australia Pty Ltd, Cargill, Inc., Hilmar Ingredients, Gelita AG, Axiom Foods, Inc., Beneo GmbH, Sachsenmilch Leppersdorf GmbH, Devansoy Inc., World Food Processing, Milk Specialties Global, Havero Hoogwegt, Barentz, Armor Proteines, Carbery Group among others.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11243

The global market for functional proteins is driven by various active players. The major players have used several strategies such as new product launches, expansions, joint ventures, partnerships, acquisitions, and others to increase the market growth.

Get Valuable Insights into Functional Proteins Market

By Product Type :

• Hydrolysates
• Whey Protein Concentrates
• Whey Protein Isolates
• Casein and Caseinates
• Soy Protein
• Others

By Form :

• Dry
• Liquid

By Source :

• Animal
  • Dairy
  • Egg
  • Gelatin
• Plant
  • Soy
  • Wheat
  • Vegetable

By Application :

• Food
• Beverages
• Dietary supplements
• Animal nutrition

By Distribution Channel :

• Direct
• Indirect
  • Pharmacy Stores
  • E-retailers
  • Specialty stores
  • Supermarkets

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 extruded snacks market was estimated to account for USD 56.3 billion in 2022 and is projected to reach USD 74.2 billion by 2032, recording a CAGR of 7.4% during the forecast period. According to the report, changing lifestyles & eating habits, growing preference for prepared ready-to-eat food, lower commodity prices and a booming retail industry are key market drivers. 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.

Request a report sample to gain comprehensive market insights @  https://www.futuremarketinsights.com/reports/sample/rep-gb-11239

• The estimated value of the market was at US$ 47.5 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Currently, Europe represents the largest consumer.
• Asia Pacific is projected to grow at the highest CAGR.
• The expanded snacks segment in the market is projected to grow at a significant rate.
• The global economy is facing a slowdown gradually leading towards a recession due to corona outbreak.
• Wheat is gaining popularity as a healthy snack option, and manufacturers have been developing products in a wide range of flavors.

“Growing number of young population and increasing disposable incomes in the emerging regions are also expected to drive the demand for extruded snack foods,” said a lead analyst at FMI.

Rise in Health Awareness As Consumers Choose Cautious Living Amidst Coronavirus Outbreak to Support Growth

As a result of the spread of coronavirus, consumers have become more vigilant about their snacking habits. They are slowly inclining towards healthier snacking foods such as extruded snacks because of the metabolism-related benefits they offer. Good snacking is often well-thought-of as a weight-loss accompaniment, as these snacks have the necessary vitamins and nutrients the body requires. The nutritional substances in extruded snacks can be transformed by altering protein and starch’s digestion competence. The rising demand for weight control and healthy snacking are likely to drive the global market for extruded snacks over the forecast period. Rising demand for healthy snacking and weight control should fuel the market for the drug worldwide over the period forecast timespan.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11239

Who is Winning?

Some of the leading players operating in the extruded snacks market are PepsiCo, Inc., Calbee, Inc., Campbell Soup Company, ITC Limited, Old Dutch Foods Inc., Grupo Bimbo, Kellogg Company, S.A.B. de C.V., General Mills, Inc., Lorenz Snack-World, Amica Chips S.p.A., Universal Robina Corporation, ICA Foods International, JFC International, Ballreich Snack Food Company, Balance Foods, Inc., Tropical Heat, Chipita S.A., Griffin’s Foods Limited, Barrel O’ Fun Snack Foods Co., Inc., and San Carlo.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Extruded snacks Market

Extruded Snack Market Report Scope

By Product Type:

• Breakfast cereal
• Bread
• Savory snacks
• Simply extruded snacks
• Expanded snacks
• Co-extruded snacks
• Textured Protein
• Extruded snacks pellets

By Extruder Type:

• Single Screw Extruders
• Twin Screw Extruders
• Contra Twin Screw Extruders

By Distribution Channel:

• Hypermarkets and Supermarkets
• Independent retailers
• Convenience stores
• E-commerce platforms

By Process:

• Cold Extrusion
• Hot Extrusion

By Raw Material:

• Wheat
• Potato
• Corn
• Rice
• Multigrain
• Oats
• Other raw materials ( meat, peas, fruits, pulses)

By Region:

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

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 feed pigment market is expected to grow from USD 1,217.4 million in 2022 to USD 1,771.4 million by 2032, at a CAGR of 6.2% from 2022 to 2032.

Feed pigments are used to improve the color of the products including egg, meat, and milk. The growing demand for the animal protein and quality meat products are the major drivers of feed pigment markets. 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.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11238

It includes in-depth insights into the feed pigment market. Some of these are:

• The estimated value of the market was at US$ 1.1 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia Pacific and North America dominated the global feed pigment market.
• To cater to this growing demand, companies are developing innovative production methods to increase production capacity and reduce costs.
• Consumers are unlikely to invest as willingly amid a rising pandemic panic. Furthermore, disturbances to the supply chain are causing sleepless nights to leading market players. Hence, manufacturers are gearing up to come back after coronavirus outbreak.
• Poultry meat is the most consumed by humans with per capita consumption of 30.6 kilograms per year, followed by pork with per capita consumption of 23.5 kilograms per year and beef and veal with per capita consumption of 14.8 kilograms per year.

Shifting inclination towards pellet feed consumption is expected to further aid the global market growth,” said a lead analyst at FMI.

Impact of Coronavirus on Overall Market

Aquaculture is one of the fastest-growing food-producing crops in the world. It is a challenge to recreate the exact natural color of fish, and the use of carotenoid pigments is successful in providing a wide variety of colors in fish. Today, due to spread of numerous infectious diseases, the fish population suffers from severe losses. In the aquaculture industry, the use of pesticides, antimicrobial drugs, and disinfectant for disease prevention has contributed to the development of resistant bacterial strains.

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Carotenoids have been proven helpful in protecting against light and oxygen damage. They are responsible for muscle pigmentation in fish which is intended for fish consumption and skin which is intended for fish keeping. Feed pigment, if supplemented in right quantities, would lead to the proper supply of essential nutrients.

While aforementioned factors will give impetus to the market, supply chain disruptions may hamper the growth to an extent. Restrictions on travel, lockdown and other precautionary measures undertaken to contain the spread of coronavirus are likely to disrupt operations, inevitable negatively impacting the market.

Who is Winning?

Some of the leading players operating in the feed pigment market are BASF SE (Germany), Royal DSM NV (Netherlands), Kemin Industries, Inc. (US), Novus International, Inc. (US), Guangzhou Leader Bio-Technology Co., Ltd. (China), D.D. Williamson & Co., Inc. (DDW) (US), Nutrex NV (Belgium), Behn Meyer Group (Malaysia), Vitafor NV (Belgium), and Innovad AD NV/SA (Belgium)

To improve their position in this industry, these major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product releases, extensions, alliances, joint ventures, collaborations and others.

Get Valuable Insights into Feed Pigment Market

By Product Type:

• Carotenoids
  • â-carotene
  • Lutein
  • Lycopene
  • Astaxanthin
  • Zeaxanthin
  • Canthaxanthin
  • Others
• Curcumin
• Caramel
• Spirulina
• Others

By Source:

• Natural
• Synthetic

By Livestock:

• Swine
• Poultry
• Ruminants
• Aquatic animals
• Others

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 food glazing agents market size is expected to reach US$ 3.4 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.5% CAGR between 2020 and 2030. According to the report, change in lifestyle and change in eating preferences have influenced the food glazing agents market to a large extent. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-1611

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

• The estimated value of the market was at US$ 2.1 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• The Asia Pacific food glazing agents market is largely driven by the processed meat industry in China and India.
• Focus on Organic and Vegan ingredient types will set the competition apart for the market players involved in the supply chain of food glazing agents market.
• Europe emerged as a leader in the food glazing agents industry.
• Confectionery segment has emerged as a dominant application.
• Key players are likely to focus on product innovations to stay relevant in developed markets.

Rising consumer interest towards the texture and appearance of foods and increasing demand for glazing agents in the food industry are likely to boost market demand in the forecast period,” said a lead analyst at FMI. 

Increased Consumption of Processed Food Will Boost Growth

Combined with increased consumption of processed food, the growth of the food additives industry primarily drives the global demand for food glazing agents. In addition, rising demand for organic and vegan products is expected to drive demand for food additives, which, in turn, would fuel the growth of the market for food glazing agents. Rising consumer preference towards texture and appearance owing to confectionery and bakery consumption particularly in China, India, and Brazil may drive the food glazing agents market in the mentioned countries.

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Who is Winning?

Some of the major players in the food glazing agents market, globally include Freudenberg Chemical Specialities SE & Co. KG, Mantrose-Haeuser Co., Inc., STEARINERIE DUBOIS, Royal Zeelandia Group BV, Masterol Foods, and Colorcon among others.

The players are expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. Expansion is the most preferred growth strategy followed by new product developments in the global food glazing market. Additionally, acquisitions and partnerships are the two other strategies, followed by the companies to strengthen their market dominance.

Get Valuable Insights into Food Glazing Agents Market

Ingredient Type

• Stearic acid
• Beeswax
• Carnauba wax
• Candelilla wax
• Shellac
• Paraffin wax
• Others (montan and lanolin wax)

Application

• Bakery
• Confectionery
• Processed meat
• Poultry & Fish
• Fruits & vegetables
• Functional foods
• Others (dairy products & convenience foods)

Ingredient Function

• Coating agents
• Surface finishing agents
• Firming agents
• Film agents
• Others (binding agents and stabilizing agents)

Region

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

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.

According to the report, the increase in demand for amino acids for various nutraceutical and dietary supplements, owing to the health benefits offered by amino acids, is expected to fuel the demand for amino acids during the review period. 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.

food amino acids market was estimated at USD 4.9 billion in 2017 and is projected to grow at a CAGR of 8.1 % from 2018, to reach a value of USD 6.6 billion by 2022. The global food amino acids market is estimated to be USD 11.6 billion in 2032

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

• The estimated value of the market was at US$ 5.4 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia-Pacific region holds the largest market share followed by North America.
• The demand for dietary supplements has been increasing at a high pace among the consumers owing to the rising health awareness and increasing geriatric population in the developed economies.
• The nutraceuticals and dietary supplements is estimated to dominate the global market.
• The infant formula segment is projected to have the highest growth rate during the forecast period followed by the convenience foods segment.

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“The demand for amino acids as functional foods, coupled with the rising acceptance of glutamic acid as a flavour enhancer in various foods and drinks, is likely to fuel market growth in the coming years,” said a lead analyst at FMI.

Consumption of Dietary Supplements Likely to Increase as Consumers Look for Healthier Food Following Coronavirus Outbreak

When it comes to dietary supplements, protein stays in the top position; and amino acids are known as the building blocks of protein production. Amino acids in the human diet have been found to have several practical benefits. Glycine, for example, has been shown to enhance the quality of sleep; and leucine, for its role in muscle protein synthesis, thereby leading to longer and healthier life expectancy in the elderly.

The rise in international sporting activities has also led to increased attention being paid to the physiological effects of amino acids (BCAAs) on muscles, which is likely to provide a future market for manufacturers of amino acid ingredients. Product demand for pharmaceutical applications is projected to increase, enabling growth in the market. In addition to greater consumer buying power their focus on health and wellness as a result of the spread of coronavirus will augur well for the market.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11235

Increasing demand for sweeteners is expected to boost demand for L-aspartic acid and phenylalanine from processed foods and ready-to-drink beverages. The emergence of microfiltration processes to increase yield is expected to provide lucrative opportunities for participants in the industry.

Who is Winning?

Some of the leading players operating in the food amino acids market are Kraemer Martin GmbH (Azelis), Pacific Rainbow International, Inc., CJ Corporation, Taiyo International, Monteloeder S.L., Sunrise Nutrachem Group, Kingchem LLC , Amino GmbH, Rochem International Inc., Brenntag AG, Pangaea Sciences Inc., Hugestone Enterprise Co., Ltd., Shaoxing Yamei Biotechnology Co., Ltd , Qingdao Samin Chemical Co., Ltd. , Daesang Corporation , Sigma-Aldrich, Prinova Group LLC , Evonik Industries , Ajinomoto Co., Inc., and Kyowa Hakko Kirin Group.

Via new product releases, acquisitions and investments, and agreements these businesses have improved their market position. Additionally, mergers and acquisitions continue to be a common strategy among market players. With strategic partnerships corporations plan to extend their global footprint. Methods of the biotechnology are commonly used in amino acid processing. Despite the fact that some of the amino acids cannot be produced cost effectively via biotechnology, it plays a significant role in the production of amino acids. Companies are investing in R&D activities to produce amino acid through biotechnology.

Get Valuable Insights into Food Amino Acids Market

By Type:

• Lysine
• Glutamic Acid
• Methionine
• Tryptophan
• Others

By Source:

• Plant-based
• Animal-based
• Synthetic

By Application:

• Nutraceuticals & dietary supplements
• Infant formula
• Food fortification
• Convenience food
• Others

By Distribution Channel:

• Direct
• Indirect
  • Pharmacy Stores
  • E-retailers
  • Specialty stores
  • Supermarkets

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.

According to a new study by Future Market Insights (FMI), the vegan protein bars market will surge at 12% CAGR between 2020 and 2028. Rising focus on health and wellness, soaring environmental concerns, and increasing awareness regarding animal cruelty have been fuelling the demand for vegan products worldwide. This is in turn is driving the vegan protein bars market, finds FMI.

Vegan protein bars are nutritional bars created through plant based sources like hemp, soybeans, legumes, grains, vegetables, nuts and seeds. These bars are enhanced with fibers that help in ensuring better digestion, absorption, reduction in gas and bloating and contribute towards improved motility.

Increasing awareness regarding the benefits of veganism and plant based diets is fuelling the  demand for vegan protein bars. Growing fitness trends have been creating lucrative prospects for food items with gluten free, sugar free, anti-allergic, and low carb properties.

According to the International Health, Racquet & Sportsclub Association (IHRSA), 2019 marked impressive returns for the fitness industry. An IHRSA report found that the revenue of the global industry totaled US$94 Bn in 2019.

With an increasing number of people focusing on maintaining a healthy lifestyle and adopting various fitness regimes the demand for vegan protein bars is expected to soar.

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Key Takeaways from the Vegan Protein Bars Market Report

• The vegan protein bars market is expected to reach a value of US$ 883.4 Mn in 2020 and is expected to continue growing at a positive CAGR through the forecast period
• Europe is expected to offer lucrative growth opportunities due to rising flexitarian population in the region
• Nuts based vegan protein bars sales are likely to surge due to increasing demand from people for anti-oxidants and fibers in the bars
• Inconsistent prices of raw materials and wavering supply act as major limitations to market growth

“Veganism is growing in popularity around the world and this in turn is creating lucrative prospects for the growth of the market. According to Google Trends, the online popularity of veganism has nearly doubled itself in the last five years. The trend is likely to continue, creating lucrative prospects for the vegan protein bars market,” said an analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various sectors including the vegan protein bars market. Transport restrictions have created obstacles for sourcing raw materials. Production as well was hampered during lockdown imposed to curb the spread of the virus. Players are expected to experience a downward trend due to the lack of demand and supply.

The market is expected to bounce back gradually from 2021 onwards. Increasing caution regarding health and fitness is expected to fuel demand in the market.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11656

Who Is Winning?

Companies operating in the market are focusing on product launches. They are emphasizing on improving the taste, texture, and nutritional values of vegan protein bars.

For instance, in June 2020, Nestle introduced a new variety of YES! Snack bars created from nuts and peas. Recently launched Larabar vegan protein bars also have gained immense popularity globally due to their less but healthy ingredient list, according to Women’s Health magazine.

Some of the companies are focusing on mergers and acquisitions as their key strategies to gain competitive advantage.

• For instance, one of the leading names in the market – Hershey has recently acquired ONE Brands to expand its existing protein bars product portfolio.
• Earlier In 2017, the venture capital unit of General Mills invested in D’s Naturals, a manufacturer of low-sugar, vegan No Cow protein bars.

Some of the key players active in the market are PepsiCo Inc., BHU Foods, General Mills Inc., Danone, Garden of Life LLC, Clif Bar and Company, Health Warrior, Raw Rev, Simply Protein, Gomacro, PROBAR LLC, NuGo Nutrition and ALOHA.

Valuable Insights into The Vegan Protein Bars Market Report

In its latest report, Future Market Insights (FMI) has presented a detailed analysis on the vegan protein bars market along with an assessment for the years 2020-2028. In order to provide a comprehensive analysis, the market has been divided into several segments. Based on the nature, the market is divided into organic and conventional. The conventional segment displays major shares in the market. On the basis of ingredients, the market is segregated into soy, pea, nuts and others.

The market is segmented based on the distribution channel into hypermarkets/supermarkets, convenience stores, drug stores & pharmacies, health & wellness stores, online retailing and other retailers. On the basis of geography, the market is segregated into North America, Latin America, Europe, Japan, APEJ and Middle East & Africa.

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.