Market Research Blog – Page 1364 – New Product Development

Fortified Dairy Products Sales Growth and Demand Trends in Nutritional Foods

The global fortified dairy products sales are valued at USD 28,400 million by 2024 and are estimated to reach a value of USD 48,280 million by 2034, with the global market reflecting a CAGR of 5.4% over the assessment period 2024 to 2034

Globally rising rates of nutrient deficiencies are driving individuals to look for foods products with added health benefits. In an effort to fight hunger and deficiencies, governments and health groups are also supporting food fortification, which is driving up demand for fortified dairy products.

Increased customer interest is anticipated as a result of the ease with which probiotics, vitamins, minerals, and other nutrients can now be added to dairy products without sacrificing flavor or quality because to technological developments in food fortification processes.

It is expected that North America and Europe will continue to hold leading positions in the region because of their well-established dairy sectors and high levels of consumer health concern. There is a particularly high demand for fortified milk, yogurt, cheese, and baby formula in these areas.

The Asia-Pacific area, on the other hand, is predicted to increase at the fast rate. With their sizable populations and high incidence of nutritional inadequacies, countries like China and India offer substantial prospects for expansion. Furthermore, emerging countries in Latin America and the Middle East and Africa are anticipated to rise rapidly as a result of bettering economic conditions and rising consumer awareness.

Key Takeaways from Market Study

North America lead the Fortified Dairy Products Market, with a 45 percent share.
The worldwide Fortified Dairy Products market is predicted to grow rapidly in Asia Pacific excluding Japan (APEJ) due to increased demand for healthier foods..
During the forecast period of 2022-2032, the flavoured milk category is predicted to develop at the fastest rate in terms of value, with a CAGR of x.x %.
During the forecast period of 2022-2032, the mineral segment is predicted to develop at the fastest rate in terms of value, with a CAGR of 7.3 %.
Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“The Fortified Dairy Products Market is being propelled by increasing technological innovation, which promotes the production of dairy products that are favourable to one’s health.”, –says a lead analyst at Future Market Insights.

Competitive Landscape

Fortified Dairy Products have a strongly competitive global market. The Fortified Dairy Products Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.

Some of the leading companies offering Fortified Dairy Products are Arla Foods UK Plc, Nestlé S.A., BASF SE, General Mills, Inc., Danone, Dean Foods Company, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd, GCMMF Ltd., and Fonterra Group Cooperative Limited.

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Get More Valuable Insights

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

The study divulges compelling insights on the Fortified Dairy Products based on Micronutrients (Minerals, Vitamins, Other Fortifying Nutrients),Type (Flavored Milk, Milk , Dairy Based Yogurt , Milk Powder, Cheese, Other Products), Sales Channel (Drug Stores Departmental Stores, Convenience Stores, Modern Trade, Online Stores, Other Sales Channel).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Wheat Protein Industry Sales Projections and Growth Opportunities in Plant-Based Nutrition

The wheat protein market is expected to be worth US$ 3.4 billion in 2023, with total Wheat Protein revenue expected to grow at a 5.3% CAGR from 2023 to 2033, reaching around US$ 5.7 billion.

The wheat protein market was valued at US$ 3.3 billion in 2022 and is estimated to increase at a 4.7% CAGR during the forecast period. Absolute dollar growth in the global market is $2.3 billion. Rising demand for wheat protein from various end-use sectors, combined with rising consumer desire for meat-free diets, is a primary factor driving the global wheat protein market.

Wheat protein market growth is predicted to be driven by increased plant-based diet adoption as well as a rise in the number of people adopting vegan diets in developing economies. Furthermore, a growing senior population, rising income levels, and increased urbanization are projected to drive product demand.

Wheat protein has outstanding possibilities for a wide range of sectors due to several advantages. Bakery items, flour milling, meat replacer, pasta, aqua-feed, breakfast cereal, milk replacer, and pet food are just a few of the applications. The flour miller, also known as the baker’s adjustment, is the most basic and extensively utilized application of wheat protein. As a result, market expansion is expected to be fueled by such a diverse variety of applications for various end-use industries over the forecast period.

Although whey protein isolates are more filtered and processed than whey protein concentrates to successfully eliminate more lactose, those with even a little lactose allergy should avoid such products. Lactose intolerance occurs when the body is unable to digest lactose, a natural sugar found in dairy products such as milk. Plant-based alternatives such as wheat protein are the best option for customers who wish to increase their protein intake for health or training objectives, which may contribute to market growth.

Key Points

Wheat Protein Market is expected to develop at a 5.3% CAGR from 2023 to 2033.
The Wheat Protein Market was dominated by North America.
By 2033, the Wheat Protein Market is estimated to exceed US$ 5.7 billion.
Wheat gluten dominated the product group from 2023 to 2033, accounting for the highest sales share of 3.2%.
China and India are two of the leading producers.

Recent Developments

In September 2020, ADM introduced Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat protein, both of which add flesh-like texture to meat and seafood substitute products. They feature a clean taste, a white color basis, and faster water absorption and hydration rates.
MGP Ingredients will debut the ProTerra line of textured proteins in April 2020. ProTerra is ideal for use as an extension or partial substitute for meat in vegetarian/vegan applications, as well as in blended products.
Agrana opened a new wheat starch processing plant in Austria in November 2019. Agrana will be able to increase its wheat starch production capacity thanks to the new plant. Agrana’s enlarged wheat starch mill can process about 650,000 tonnes of wheat per year to create 50,000 tonnes of wheat gluten.
In July 2019, Cargill invested US$ 200 million in the production of wheat-based ingredients at its Krefeld, Germany, manufacturing facility. This investment will enable the company to diversify its wheat protein portfolio and address the growing market demand for protein-rich foods.

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Wheat Protein Market Key Segment

By Product:

Wheat Gluten
Wheat Protein Isolate
Hydrolysed Wheat Protein
Textured Wheat Protein

By Form:

Dry
Liquid

By Application:

Animal Feed
Bakery & Confectionary
Nutrition Supplements
Dairy Products
Cosmetics and Personal Care
Other Applications

By Region:

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

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Meat Substitutes Market Growth Drivers and Sales Surge in the Global Vegan Sector

During the forecast period, the meat substitutes industry is poised to record a healthy CAGR of 23.0%. In 2033, the market is expected to be worth approximately US$ 8.5 billion. Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033

Globally, consumer food choices are changing dramatically. More people are realizing how important it is to maintain a healthy lifestyle and consume protein in moderation.

As a result, consumers are taking a proactive approach and increasing their protein intake to guarantee that they remain fit and healthy for a long time. They are changing their eating habits and including plant-based protein sources in their diet. This results in the growth of the meat substitutes market trends.

Alternative proteins, including meat substitutes, are becoming increasingly popular in this area. Consumers are becoming gradually concerned and aware of the harmful environmental impact on animal farms.

As a result, people are adopting vegetarian or flexitarian diets in order to eliminate or minimize meat consumption and indirectly reduce carbon emissions. The demand for meat substitutes, a sustainable, environmentally friendly alternative to meat, is predicted to grow at a significant rate.

Meat Substitutes’ Complex Manufacturing Processes and High Product Prices Inhibiting Market Expansion

The color of the flesh is one of the main characteristics that are challenging to replicate in plant-based meat substitutes. While they are being cooked, the goods that include textured vegetable proteins may also change color.

Color is one of the key factors that consumers take into account when making a purchase, thus any modification can have a major impact on how frequently they choose to buy the product. Aside from color, one of the most difficult aspects of producing them is the flavor of the meat. These factors result in the inhibition of the meat substitute market growth.

The production of meat substitutes made from plants is a highly complex procedure. Plant-based meat replacements, for example, they go through extensive processing during the manufacturing process. Since multiple ingredients are utilized to make the final product, manufacturers employ batch production processes. This raises the overall cost of producing plant-based meat.

Asia Pacific Outlook

The middle-class population of Asia Pacific has more disposable money as a result of industrialization. This has increased consumer demand for nutritious, high-quality, and protein-rich food items. More people are cutting meat out of their diets as consumer eating habits change.

As a result, the demand for meat substitutes is expected to increase in Asia Pacific. It also prepares the way for a considerable and continuous increase in the meat substitutes market share throughout the Asia Pacific due to the rise in consumer concerns over health and sustainability.

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Key Takeaways

During the projected period, the source category’s plant-based pork sector may record a CAGR of 24%.
In the product type category, the patties section is expected to record a CAGR of 20.5% from 2023 to 2033.
Over the projection period, the United States meat substitutes market is expected to record a CAGR of 22.3%, reaching US$ 16.6 billion in 2033.
According to estimations, the meat substitutes market in South Korea is expected to record a CAGR of 21.1% during the projected period and reach US$ 477.7 million in 2033.
Over the forecast period, the meat substitutes market in China is expected to register a CAGR of 26.1%, reaching US$ 3.8 billion in 2033.
Over the projected period, it is predicted that the market in Japan is anticipated to record a CAGR of 25.6%, reaching US$ 2 billion in 2033
The market in India is anticipated to expand gradually over the course of the projection period recording a CAGR of 25.9%, reaching US$ 2.5 billion in 2033.

Competitive Landscape

The global meat substitutes market is semi-consolidated, with several well-known firms and emerging meat substitutes’ manufacturers operating in various nations throughout the world. Beyond Meat, Impossible Foods, Kellogg’s, Tyson Foods, and JBS SA are some of the leading global market players.

Consumers are also eager to try new food products that are both healthful and environmentally sustainable. This resulted in higher sales as well as a chance for future expansion.

Recent Development

Introduction – Impossible Foods Inc

Impossible Foods Inc. increased its foothold internationally in May 2021 by introducing its plant-based burger in New Zealand and Australia. This growth is a component of the company’s objective to provide delectable and environmentally friendly food options in many markets across various countries.

Key Segments

By Source:

Plant-based Chicken
Plant-based Beef
- Plant-based Pork
Plant-based Fish

By Product Type:

Patties
Crumbles & Grounds
Hot Dogs
Sausages
Nuggets
Meatballs
Other Product Types

By Functionality:

Weight Management
Immunity Boosting Products
Gut Health/Digestive Health
Clinical Nutrition
Others

By Product Format:

Refrigerated
Frozen
Shelf-stable

By Region:

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

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Protein Ingredients Market Demand Dynamics and Sales Growth in Nutritional Supplements

According to a recent report by Future Market Insights, has updated its analysis of the protein ingredient market. It suggests a positive trajectory for the market, indicating a USD 164,376.9 million valuation at a 6.70% CAGR by 2034. In 2024, the market size stands at USD 85,886.80 million.

Among many of the growth drivers, the use of plant- and dairy-based protein ingredients in the production of insecticides, fertilizers, paper coatings, printing inks, and paper is expected to boost 단백질 성분 판매 during the forecast period.

Aside from that, the food and beverage industry accounts for a sizable portion of the protein ingredients market’s revenue. Protein manufacturers are developing new isolates and concentrate, increasing the use of protein ingredients in dairy products, dietary supplements, bakery products, confectionery, infant formula, and other products.

The growing demand for plant-based protein alternatives, combined with consumer interest in foods that promote health and well-being, is expected to open up new opportunities in the Protein Ingredients Market. Protein components are suitable for nutraceutical applications because they contain essential amino acids that have therapeutic properties.

Key Takeaways from Market Study

Because of the consistency of consumer spending in the United States, the protein ingredient market will continue to grow steadily, and changes in America’s food safety laws will focus more on preventing food contamination, driving protein ingredient growth.
The government of the United Kingdom promotes healthy eating and lifestyle among its citizens and this drives the protein ingredient market.
The Food and Beverage industry in Spain is steadily expanding, increasing the demand for high-quality protein supplements.
Because of its low growth and attractive prices, Japan, a high-income country, has a significant share of the protein ingredients market.
The Australian protein market will grow at a CAGR of 6.70% during the forecast period (2024-2034).

“As a result of the world’s rapid population growth and rising consumer awareness about nutrition and health, the global protein ingredients industry is rapidly expanding,”says Nandini Roy Choudhury, Client Partner at Future Market Insights

Recent Developments

In November 2023, Abbott launched a new PediaSure with Nutri-Pull System for children’s growth and development. Nutri-Pull System contains vitamin D, vitamin K2, and casein phosphopeptides that help children absorb key nutrients.
In April 2023, Arla Foods Ingredients, a Denmakr-based company, launched Nutrilac ProteinBoost. The new whey protein line is based on a patented microparticulation technology. The products can be used in the dairy and sports nutrition industries.

Key Players

ADM (Archer Daniels Midland Company)
Cargill, Incorporated
Kerry Group
DuPont de Nemours, Inc.
Ingredion Incorporated
Fonterra Co-operative Group Limited
Glanbia plc
Tate & Lyle PLC
Roquette Frères
AAK AB
Omega Protein Corporation
CP Kelco
Gelita AG
Corbion N.V.
Ashland Global Holdings Inc.

To Gain More Insights about this Research, Visit! https://www.futuremarketinsights.com/reports/protein-ingredient-market

Market Segments Covered in Protein Ingredients Industry Analysis

By Product Type:

Animal Protein
- Whey Protein
- Casein and Caseinates
- Milk Protein
- Egg Protein
- Gelatin
Plant Protein
- Soy Protein
- Wheat Protein
- Pea Protein
- Other Plant Proteins

By Application:

Supplements and Nutritional Powder
Beverages
Protein and Nutritional Bars
Bakery and confectionery
Breakfast Cereals
Meat and Meat Products
Dairy Products
Infant Nutrition
Animal Feed
Other Applications

By Form:

Isolates
Concentrates
Other Forms

Region:

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

About Future Market Insights (FMI)

Protein Hydrolysate Ingredients Market Sales Trends and Growth Potential in Sports Nutrition

As per the recent research report by Future Market Insights, sales of the protein hydrolysate ingredient market are forecast to surge at 7.3% CAGR throughout the forecast period. Total market valuation is set to increase from US$ 669.3 million in 2024 to US$ 1,399.1 million by 2034.

Multiple factors are propelling demand for protein hydrolysate ingredients, particularly milk hydrolysate ingredients. These include the growing demand for enhanced protein supplements and the escalating popularity of functional foods.

Rising awareness among consumers about the nutritional benefits of milk hydrolysate ingredients is set to increase the consumption of milk hydrolysate ingredients. Subsequently, the widening usage of protein hydrolysate in the sports nutrition industry will boost sales growth.

The superior properties of protein hydrolysate ingredients, such as versatility, easy applicability, and great taste, over their counterparts make them a preferred choice among consumers and manufacturers. Sports enthusiasts consider whey protein hydrolysate ingredients as a superior protein source.

Key players are developing advanced enzymatic processes that ensure efficient production to meet the surging demand for clean labels and sustainable options. Tailoring formulations for diverse applications, such as infant formulas and sports nutrition, allows manufacturers to cater to specific market segments.

Manufacturers are focusing on developing protein hydrolysate ingredients with reduced bitterness, as hydrolysates impart a bitter taste to food products. Several enzymes are also launched in the market, which helps reduce the bitterness of protein hydrolysate ingredients.

Key Takeaways from the Market Study

The global protein hydrolysate ingredient market is set to total US$ 669.3 million in 2024.
Based on form, the powder segment is forecast to account for a revenue share of 97.2% in 2034.
By end-use, the sports nutrition category will progress at 7.7% CAGR through 2034.
Based on ingredient type, the milk category is set to record a CAGR of 7.3%.
The United States market value is forecast to total US$ 600.9 million by 2034.
Demand in China will rise at 8.4% CAGR from 2024 to 2034.

“Protein hydrolysate ingredients offer rapid absorption and enhanced bioavailability, making them ideal for usage in infant formulas, sports nutrition, and other dietary supplements.” -says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.)

To Gain More Insights about this Research, Visit! https://www.futuremarketinsights.com/reports/protein-hydrolysate-ingredient-market

Who is Winning?

Key players such as Arla Foods Ingredients, FrieslandCampina, and Kerry Group focus on using advanced enzymatic processes and exploring diverse protein sources to stay at the forefront of market dynamics. They are also using strategies like mergers, partnerships, collaborations, and distribution agreements to boost their revenue.

Recent Development:

In 2022, Ireland-based Kerry Group merged with biotech company c-Lecta, which specializes in protein hydrolysates. The collaboration aims to leverage the biotech Company’s expertise in enzymatic processes and sustainable sourcing, enhancing Kerry’s position in the protein hydrolysate ingredients market.

gain full access to the Protein Hydrolysate Ingredient Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global protein hydrolysate ingredient market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the global protein hydrolysate ingredient industry based on ingredient type (milk, whey, casein, plant, meat), form (powder and liquid), end-use (infant formula, clinical nutrition, sports nutrition, bakery & confectionery, sauces & spreads, others), & region.

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Tortilla Market Sales Growth and Demand Trends in the Ethnic Foods Industry

The global tortilla market is is heating up, presenting a tasty opportunity for B2B investors. Estimated at a value of USD 45.16 billion in 2024, the market is projected to reach a sizzling USD 75.3 billion by 2034, with a steady CAGR of 5.2%. This growth is driven by a confluence of factors, making the 옥수수 산업 an attractive space for B2B investment.

Demand on the Rise: Consumers Craving Convenience and Flavor

Several key trends are fueling the demand for tortillas:

Convenience Craving: Consumers are increasingly drawn to convenient and easy-to-prepare options. Tortillas perfectly fit this bill, offering a versatile base for various meals and snacks.
Global Cuisine Craze: The rising popularity of Mexican and Latin American cuisine has significantly boosted tortilla consumption. This trend extends beyond traditional dishes, with tortillas being incorporated into innovative culinary creations.
Health-Conscious Choices: Consumers are seeking healthier alternatives, and tortillas are often perceived as a better option compared to traditional bread. The availability of whole-grain and multigrain varieties further enhances their appeal.
Gluten-Free Focus: The growing demand for gluten-free products has spurred the development and marketing of gluten-free tortillas, catering to a specific and expanding consumer base.

The focus on health and wellness continues to drive the market, with tortillas marketed as a healthier alternative, incorporating functional ingredients like quinoa, chia seeds, or flaxseed. Beyond traditional flatbreads, the market has seen the introduction of diverse tortilla formats, including tortilla bowls, mini tortillas, and specialty shapes, expanding usage possibilities in various cuisines.

Collaborations between tortilla manufacturers and other food industry players, such as restaurants or fast food chains, present opportunities for market expansion and brand visibility. The use of digital marketing and social media platforms to promote tortilla products and engage with consumers can be a significant driver for brand awareness and market growth.

The tortilla market is flourishing due to several key growth drivers:

Product Innovation: Manufacturers are constantly innovating to develop new tortilla formulations. This includes sustained-release forms, targeted delivery systems, and flavor and ingredient variations to meet diverse dietary needs and preferences.
Sustainability Matters: The growing focus on eco-friendly practices is creating a demand for sustainably produced tortillas. B2B players utilizing sustainable fermentation processes can gain a competitive edge.
Rising Disposable Income: Emerging markets like Asia Pacific are experiencing a rise in disposable income, leading to increased consumer spending on food products, including health-focused options like tortillas.
Strategic Partnerships: Collaboration with established players in the food, restaurant, or retail sectors can provide valuable market access and distribution channels.

Key Takeaways from the Market Study

Global tortilla market is to be valued at US$ 45,163.7 million in 2024.
From 2019 to 2023, the market demand expanded at a CAGR of 5.0%.
The market in Germany is expected to expand at a CAGR of 6.2% through 2034.
By product type, the corn tortilla segment to account for a market share of 41.2% in 2024.
From 2024 to 2034, tortilla market is expected to flourish at a CAGR of 5.2%.
By 2034, the market value of tortilla is expected to reach US$ 75,309.4 million.

“Integration of smart packaging technologies, such as QR codes for traceability or freshness indicators, can enhance the consumer experience and address concerns related to product quality,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Prominent players in the tortilla market are Grupo Bimbo SAB de CV, General Mills, Aranda’s Tortilla Company Inc., Ole Mexican Foods Inc, Easy Foods Inc., Gruma SAB de CV, PepsiCo Inc., La Tortilla Factory, Catallia Mexican Foods, Tyson Foods Inc., and Azteca Foods Inc., among others.

Company Portfolio

Gruma SAB de CV is a global player and one of the largest tortilla manufacturers. Its brand, Mission Foods, is well known for offering a wide range of tortilla products, including corn and flour tortillas, tortilla chips, wraps, and taco shells. The extensive distribution network of the company contributes to its global presence.
Grupo Bimbo, a major player in the baking industry, has a significant presence in the tortilla market. The company offers a variety of tortilla products under different brands, including Bimbo and Tia Rosa, catering to diverse consumer preferences.

Stay Ahead in the Market:https://www.futuremarketinsights.com/reports/tortilla-market

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global tortilla market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the tortilla market, the market is segmented on the basis of product type (tostadas, taco shells, corn tortilla, flour tortilla, tortilla chips), source (corn, wheat), processing type (fresh, frozen), and distribution channel (online, offline), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

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Lemon Juice Concentrate Market Projected to Reach USD 19.4 Million by 2033, Growing at 4.4% CAGR

The global lemon juice concentrate market is projected to reach a valuation of USD 12.5 billion by 2023, with an expected compound annual growth rate (CAGR) of 4.4% from 2023 to 2033.

Lemon juice concentrate is produced by removing water from lemon juice, resulting in a thicker, more viscous product that is more sour than freshly squeezed juice. This concentrate retains essential vitamins such as A and C, along with minerals like calcium, potassium, and sodium, and trace amounts of other nutrients including vitamin E, zinc, and iron. To preserve its nutritional benefits, concentrated lemon juice is stored at very low temperatures.

It is used in a variety of products, including squash, jams, juices, jellies, beverages, snacks, and baking and confectionery items. The health benefits of concentrated lemon juice are numerous; it can help treat urinary tract infections, aid in weight loss, improve digestion, lower blood pressure, purify the blood, brighten the skin, and detoxify the body.

Consumers are increasingly seeking convenient and nutrient-rich foods and beverages due to their hectic lifestyles and heightened health awareness. This trend is likely to drive significant growth in the lemon juice concentrate market. The essential vitamins and minerals in lemon juice concentrate contribute to overall nutrition, further enhancing its market potential. As a result, the demand for lemon juice concentrate is expected to see substantial expansion.

The global demand for lemon juice concentrates is on the rise, with summer being the peak season for the industry due to the high consumption of lime juice for refreshment. To enhance consumer experience, manufacturers are introducing new flavors to lemon juice concentrates. Additionally, lemon-flavored alcoholic beverages are currently trending, leading to a significant increase in the use of lemon juice concentrates in the alcohol sector. This growing trend is expected to further accelerate the expansion of the lemon juice concentrate market.

Competitive Landscape

The lemon juice extract market is relatively concentrated, with key players focusing on growth strategies such as mergers and acquisitions, as well as expanding their distribution networks to strengthen their market presence. Manufacturers employ various competitive tactics, including launching new products, promoting free-from claims, and emphasizing organic and natural origins.

Key Companies Profiled

Dabur

Lemon Concentrate S.L.

SAF GROUP

Cardak Concentrate Fruit Juice

Yunnan Hongrui Lemon Development Co. Ltd.

GTIF GROUP SA

Kiril Mischeff group

CitroGlobe Srl

Asia Farm F&B Pte Ltd.

DOHLER.

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Lemon Juice Concentrate Market by Category

By Form:

Liquid
Powder

By Nature:

Organic
Conventional

By End Use:

Food Industry
Baby Foods
Confectioneries
Bakery Products
Beverages
Others (e.g. Nutraceuticals, etc.)

By Distribution Channel:

Online Retail
Supermarkets
Others (e.g. specialty stores, etc.)

By Region:

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

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Expanding Applications of Cochineal Extract Boost Market Growth in Multiple Sectors

The global cochineal extracts market is valued at USD 39,779.0 million as of 2023. The cochineal extracts market is expected to grow at a healthy CAGR of 9.3% during the forecast period and is anticipated to reach a valuation of USD 90,905.5 million by 2033. In 2022, the global cochineal extracts market had a valuation of USD 36,461.0 million.

Cochineal insects of the Dactylopius coccus species are used to extract the cochineal extract which is a substitute natural dye widely used in the food and beverages industry and cosmetics industry. Rising health concerns, coupled with regular research and innovation in the cochineal extract market, along with some other reasons lead to the surge in demand of the Cochineal Extract Market.

Natural food colors are gaining momentum due to consumer demands of seeking clean-label alternatives to synthetic food coloring. This has eventually provided growth opportunities to several manufacturers to develop a diversified range of products and increase the demand for cochineal extract.

Moreover, extensive research supports potential health benefits of cochineal extract for consumers. It is leading to consumers’ increased preference in this ingredient and the manufacturers utilize this as a growth opportunity.

While using cochineal extract has many potential growth prospects, on the flip side, it also has restraints such as increased cost in the extraction and manufacturing of cochineal extract products, limited availability of the cochineal insects for extracting the ingredient, and lack of awareness about alternatives to synthetics in the market among consumers. Cochineal extract players face immense competition from other plant-based and synthetic color additives. This is expected to hinder the growth of the cochineal extract market.

Key Takeaways

The United States market currently holds a global share of 25.6% in the cochineal extracts market.
India is expected to continue having a steady growth at the rate of 4.6% in the forecast period.
The cochineal extracts market in Germany experienced a healthy growth share with a value of 6.2% in 2022.
The United Kingdom cochineal extracts market is likely to grow at a CAGR of 3.9% during the projected period.
In 2022, Japan held 4.8% of shares in the global cochineal extracts market.
The revenue generation in the market is expected to increase from US$ 36,461.0 million in 2022 to about US$ 90,905.8 million by the end of the forecast period in 2033.
Australia’s cochineal extracts market was estimated to have a global share of about 2.3% in 2022.

Competitive Landscape

With an increasing need for flavor appeal in healthy and organic dyes for food products, important manufacturers are attempting to introduce the best versions of cochineal extracts in order to make the highest quality food colors.

The market is becoming highly competitive as more cochineal extracts manufacturers, both developed and emerging, incorporate this ingredient into their diversified product line.

Recent Development

Lake Foods, a food processing company started in 2014, specializes in high efficiency deboning, breast portioning and customer processing.
BioconColors, one of the leading food processing companies, in August 2023, presented a report stating that Carmine has reigned over the red zones of the color spectrum in the food and beverages sectors. Moreover, 64% of Europe’s food and beverages use carmine as the red coloring agent.

Key Companies Profiled

BioconColors

Sensient Technologies Corporation

Gentle world

Naturex

DDW The Color House

Lake Foods

Chr Hansen Holding A/S

Naturales EIRL

ColorMaker

Xian LiSheng-Tech Co

Colores

Roha Dyechem Pvt. Ltd

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Market Segments Covered in Cochineal Extract Analysis

By Grade:

Food Grade
Pharmaceutical Grade
Industrial Grade

By Application:

Food & Beverage Processing
Bakery, Snacks, & Cereal
Candy/Confectionery
Dairy
Fruit Preparations/Fillings
Meat, Poultry, Fish, & Eggs
Potatoes, Pasta, & Rice
Sauces, Soups, & Dressings
Seasonings
Pet Food
Beverages
Alcoholic Beverages
Carbonates (Carbonated Soft Drinks)
Tea, Coffee, & Cocoa
Energy Drinks
Flavored Water
Cosmetics & Personal Care
Lip Care
Eye Care
Blushes/Facial Cosmetics
Nail Care
Hair Care
Textiles
Pharmaceuticals
Dietary Supplements

By Region:

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

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Dried Spent Grain Market Set for Robust Growth, Expected to Reach USD 24 Billion by 2033

Future Market Insights projects that the demand for dried spent grain will reach a valuation of USD 14.8 billion by the end of 2023, with an anticipated compound annual growth rate (CAGR) of 4.9% from 2023 to 2033. By the end of this period, the market for dried spent grain is expected to grow to USD 24 billion. Spent grain is the solid byproduct left after brewing alcoholic beverages and is valued for its high fiber and protein content, making it suitable for a variety of applications.

Spent grain is commonly used in baking, as a food additive, and as livestock feed. Additionally, dried spent grain is recognized as a significant source of biogas and plant fertilizer. These attributes have made dried spent grain a valuable resource for brewers, helping to minimize waste and maximize the benefits of the brewing process. Craft breweries, in particular, leverage dried spent grain to support sustainable manufacturing practices.

As the global focus shifts toward alternative energy sources, the demand for biofuels is rapidly increasing. In 2017, biofuels and waste provided 9.1% of the world’s total primary energy needs. According to the International Energy Agency (IEA), global biofuel consumption is projected to reach 182 billion liters between 2023 and 2025. As a result, manufacturers of dried spent grain and other industry players are exploring innovative ways to leverage this growing trend and advance fuel technologies.

Dried spent grain is a significant by-product of breweries produced year-round, yet it remains inadequately managed both economically and environmentally. However, this biomass holds potential as a cost-effective source of bioenergy and valuable bio-products.

Recent studies have demonstrated the economic and technological feasibility of using dried spent grain as a fuel for energy applications, thanks to its hydrogen and carbon content, which enhance its calorific value.

As the most substantial by-product of the beer brewing process, dried spent grain primarily consists of the husks from barley grains, left behind after wort production. Rich in protein and fiber, dried spent grain is primarily used in baking and animal feed. Its increasing application in these industries is expected to drive up demand in the coming years.

Key Players

Some of the key manufacturers operating their business in the global dried spent grain market includes

Gibbs Environment Lab,
The Spent Goods Company

The regional analysis covers

North America (USA and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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Key Segments

Nature:

Organic
Conventional

Source:

Wheat
Barley
Rice
Sorghum
Millet

End-use:

Food & Beverages
Bakery
Confectionery
Dairy Products
Health Drinks
Snacks
Nutritional Powder
Shakes
RTD Products
Pharmaceuticals
Nutraceuticals
Animal Feed
Breweries

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Growth Trajectory of Frozen Pet Food: Market Value Set to Reach USD 25,595.4 Million by 2034

The frozen pet food market is projected to grow at a CAGR of 5.2% throughout the assessment period. In 2024, the market is anticipated to generate revenue of approximately USD 15,351.24 million, with forecasts indicating an increase to USD 25,595.4 million by the end of 2034.

A major driver in the market is the humanization of pets, which has significantly increased interest in pet food choices. Pet owners are becoming increasingly conscious about their pets’ diets, mirroring the trends they follow for their own food.

The pet food industry is reflecting the growing demand for natural products, similar to trends in human food. There is a heightened emphasis on avoiding artificial ingredients, with many manufacturers opting for chilled or frozen pet foods to convey their naturalness. These products can be easily identified by their natural claims, whether in supermarkets or other retail channels.

Retailers are seizing the opportunity created by the strong response to frozen and chilled pet foods by launching their own lines. For example, in 2022, Asda in the UK introduced a private label range of frozen pet foods, while Mars acquired Nom Nom Nom, a company specializing in custom chilled meats for pets.

Currently, the market is in the education and acceptance phase, with many consumers still needing to learn about the benefits of fresh and frozen pet food.

As pet health becomes an increasing concern for pet owners, there is a growing demand for functional frozen pet foods. Pet parents are seeking products with higher nutritional value in their ingredient lists.

Competitive Landscape

Key players are expanding their range of raw frozen pet food products in response to growing demand for natural and minimally processed options. These products are often marketed for their digestion-enhancing benefits and overall health advantages.

The industry is diversifying its offerings with various protein sources, freeze-dried options, and grain-free formulations. Additionally, companies are developing products tailored to address specific health issues, such as allergies, across different breeds and age groups.

To address common challenges faced by pet owners, such as limited storage and busy lifestyles, manufacturers are introducing subscription services for frozen pet food. They are also providing smaller portion sizes to better suit single-pet households, which helps reduce waste and allows for more precise portion control.

Recent Developments Giving Shape to the Frozen Pet Food Market

In January 2023, Choice Pet Products revealed its first endeavor in raw and frozen pet food category. The distributor included raw and frozen formats to its consistently increasing offerings.
In March 2022, Petco Health and Wellness Co. announced that it will be developing its own fresh and frozen pet food along with JustFoodForDogs. This partnership is expected to strengthen the former’s position in the fresh and frozen premium food category. Additionally, it will meet the growing demand from pet owners.
In June 2023, BrightPet Nutrition Group acquired Raw Advantage, which is a leading manufacturer of frozen raw and freeze-dried pet food and treats categories.
In October 2023, Vital Essentials partnered with Yelloh, previously known as Schwan’s Home Delivery, to provide frozen pet food delivery service. Vital Essentials, through this partnership, has the opportunity to give pet owners a premium offering in the frozen and freeze-dried dog food business.

Manufacturers and Suppliers of the Frozen Pet Food Market

Canvasback Pet Supplies
Carnivore Meat Company LLC
Primal Pet Foods Inc.
Steve’s Real Food
Stella and Chewy’s LLC
Kiezebrink
PetSmart LLC
Northwest Naturals
Raw Paws Pet Food
Bravo
Tucker’s

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Frozen Pet Food Market Research by Categories

Various Pet Care Types Catered by Frozen Pet Food Industry:

Cat
- Kitten
- Senior
Dog
- Puppy
- Adult
- Senior
Others

Key Nature Segments that Distinguish Frozen Pet Food:

Organic
Conventional

Top Sources of Frozen Pet Food Products:

Animal Derived
Plant Derived
Insect Derived

Various Sales Channel Adopted for Frozen Pet Food:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Pet Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- eCommerce Platform

Different Markets for Frozen Pet Food are:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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