Market Research Blog – Page 1416 – New Product Development

Anthocyanin Food Colors Market Expected to Surge to USD 515 Million by 2032, According to Future Market Insights Inc.

Anthocyanin food colors market (Mercado de color alimentarios antocianinos) is witnessing substantial growth due to the rising demand for natural food additives. These plant pigments, found in fruits and vegetables, are gaining popularity as a healthier alternative to synthetic dyes. Consumers are increasingly seeking clean-label products, propelling the demand for anthocyanin food colors across various industries like beverages, confectionery, and dairy.

The global market for anthocyanin food color is predicted to reach a market worth of close to USD 323 million by the year 2022, growing at a CAGR of 4.8% between 2022 and 2032, according to the Anthocyanin Food Colors Market research. In the global market for natural food color, which was estimated to be worth US$ 1.6 Bn in 2021, anthocyanin food color sales accounted for about 18.89% of total sales.

Anthocyanins are a very popular and diverse food colorant type, in relation to their pH, they may appear blue, red, purple, or black. Food plants that are anthocyanins-intensive are black rice, blueberry, raspberry, and black soybean, among many others that appear purple, red, blue, or black. They are found in the cell vacuole, mostly in flowers, vegetables, and fruits, but also in leaves, stems, and roots.

Organic anthocyanin attaches health benefits like reducing the risk of heart disease and respiratory disorders. This has impelled the consumption of the anthocyanin market. The anthocyanin food color market is driven by its rising demand in food and beverage industries owing to its functional properties such as being anti-allergic, anti-microbial, anti-inflammatory, and antioxidant.

There is no conclusive evidence that anthocyanins have any effect on human biology or cause any diseases, hence are widely applied in the food industry. Anthocyanins’ restorative remedial properties, derived from their antioxidant, neuroprotective, and anti-malignant growth properties, have made them conducive for use in pharmaceutical products.

Key Takeaways from the Market Study

The overall anthocyanin food colors market is anticipated to grow at a rate of 8% on American continents. The US anthocyanin market contributes over 32% of the global Anthocyanin food colors market.
The European anthocyanin food colors market is currently pegged at approximately 1500 metric tons by volume and USD 75 mn by value. The demand for anthocyanin Food Colors is about to grow at 9% CAGR between 2022 and 2032 in this region.
The Asia-Pacific region is poised to be the fastest-growing anthocyanins market owing to the augmenting demand for natural colorant food and beverage and personal care products.
By application, the beverages industry holds command over the highest market share of 25%, followed by the bakery, snacks, and cereals segment and then the dairy industry. It is used as a coloring agent in cakes and bakes and in dairy products like ice creams, yogurt, etc.
When compared to synthetic colorants, anthocyanins have lesser stability, which is a major restraining factor for market expansion. Another problem impeding the market’s pace is the product’s higher cost when compared to its competitors.
Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main driver for sales of natural food colors like anthocyanin across global markets. Rising urbanization and government policies that encourage the use of natural food colors across industries are expected to fuel the anthocyanin market even further.

“Anthocyanin food colorant producers should consistently innovate and adopt creative strategies to scale in an already booming market dominated by numerous players. Manufacturers should also strive to make plant-based food colors like anthocyanin more affordable to food processing industries. Larger companies would profit significantly by diversifying their range on anthocyanin color pallet and by targeting the artisanal wine and craft beer market,” says a Future Market Insights analyst.

Competitive Landscape

Food colorant producers are intensively focusing on market research techniques and cost-cutting procedures in order to make anthocyanin food colors accessible for the food processing industry. These manufacturers also participate in various strategic alliances with leading food brands around the world to increase the reach of their products.

Some of the leading market players in the Anthocyanin food colors market are Chr. Hansen Holding A/S, Kalsec Inc, Sensient Technology Corporation, Symrise A.G., Archer Daniels Midlands Co., Naturex S.A., DDW, among others. The aforementioned firms hold market dominance over more than 65% of the anthocyanin food colors market. Hence, the Anthocyanin food colors market leans towards the consolidated phase.

Full Market Assessment: Comprehensive Report

Anthocyanin Food Colors Market by Category

By Nature, the Anthocyanin food colors market is segmented as:

Organic
Conventional

By Application, the Anthocyanin food colors market is segmented as:

Bakery & Confectionery Products
Beverages
Fruit Preparations/ Fillings
Dairy Food Products
Potatoes, Pasta, and Rice
Soups, Sauces, and Dressings
Meat, Poultry, Fish, and Eggs
Seasonings
Others

By Source, the Anthocyanin food colors market is segmented as:

Black Carrot
Berries (Elderberry, etc.)
Purple Corn
Red Sweet Potato
Red Radish
Others

By Product Type, the Anthocyanin food colors market is segmented as:

Cyanidin
Malvidin
Delphinidin
Pelargonidin
Petunidin
Others

By end-user industries, the Anthocyanin food colors market is segmented as:

Food Industry
Personal Care Industry
Others

By Region, the Anthocyanin food colors market is segmented as:

North America (U.S., Canada, Mexico)
Latin America (Brazil, Argentina, Chile, Peru, Bolivia)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia), Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa), India
Asia-Pacific (China, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Oceania (Australia, New Zealand)

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.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Mycoprotein Market Anticipated to Reach USD 1.32 Billion by 2034, With a Robust 6.2% Growth Rate

The global mycoprotein market (Mercado de micoproteínas) size will reach a valuation of USD 720.7 million in 2024, driven by culinary innovation and chef endorsements. The trend is set to create new opportunities for the market, leading to a projected CAGR of 6.2% between 2024 and 2034, and reaching a total valuation of approximately USD 1.3 billion by 2034.

The growing number of people adopting vegan and vegetarian diets is a key factor driving the demand for mycoprotein. Mycoprotein is suitable for people with various dietary restrictions, further broadening its appeal, as more consumers seek plant based protein sources.

The surging popularity of food delivery services presents an opportunity for mycoprotein manufacturers to partner with online platforms and meal kit companies. Companies, by offering mycoprotein based meal options through these channels, can reach a wider audience and capitalize on the convenience trend driving the food delivery market.

The growth potential of the mycoprotein market has attracted investment from both established food companies and venture capitalists. Collaborations between food manufacturers and biotech companies are scaling up innovation and accelerating the development of new mycoprotein based products.

Food manufacturers are increasingly incorporating mycoprotein into a variety of products, including burgers, sausages, nuggets, and ready to eat meals. The diversification of product offerings is expanding the market reach of mycoprotein and attracting new consumers who are looking for convenient and tasty plant based options.

Continuous improvements in cultivation techniques, such as using novel substrates and optimizing fermentation conditions, are enhancing the yield and quality of mycoprotein, making it more economically viable for mass production.

Leveraging scientific research and clinical studies, companies can substantiate health claims and highlight the functional benefits of mycoprotein, such as its potential to support muscle growth, weight management, and gut health. Government initiatives promoting sustainable food production and healthier diets are driving the adoption of alternative protein sources like mycoprotein.

Incorporating bioactive compounds or fortifying mycoprotein with vitamins and minerals can further enhance its nutritional profile and appeal to health conscious consumers.

Key Takeaways from the Market Study

Global mycoprotein market was valued at US$ 1 million in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 5.8%.
The market in Japan to expand at a CAGR of 6.7% through 2034.
By type, the food grade segment to account for a share of 55.2% in 2024.
The market in India will expand at a CAGR of 7.3% through 2034.
By form, the minced segment to account for a CAGR of 55.3% through 2034.

“Advances in fermentation technology and genetic engineering are driving efficiencies in mycoprotein production, leading to cost reductions and scalability,” states an FMI analyst.

Competitive Landscape

Prominent players in the mycoprotein market are Marlow Foods Ltd, 3F Bio Ltd., Tyson Ventures, MycoTechnology, Inc., Temasek Holdings, General Mills, Beyond Meat Inc., Impossible Foods Inc., Quorn Foods, Marlow Foods Ltd, Yutong Industrial Co. Limited, Shouguang Ftl Bio. Co., Ltd., Symrise, and Kernel Mycofoods, Atlast Food Co., among others.

Company Portfolio

Tyson Ventures, a venture capital arm of Tyson Foods, is involved in investing in innovative food technologies, including those related to mycoprotein. While Tyson Foods is traditionally known for its meat based products.
MycoTechnology, Inc. specializes in developing and commercializing food and beverage ingredients derived from fungi, including mycoprotein. Their flagship product, PureTaste®, is a mycelium based protein that can be incorporated into a variety of food and beverage applications.

Extensive Market Research: Complete Report and Findings

More Valuable Insights Available

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

To understand opportunities in the mycoprotein market, the market is segmented on the basis of form (minced, slices), sales channel (supermarkets / hypermarkets, convenience stores, specialty stores, online stores), and type (feed grade, food grade), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa (MEA)).

About Future Market Insights (FMI)

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Plant-Based Ingredients Market to Surge to USD 21.2 Billion by 2034, Projected Growth at 8.6% CAGR | Future Market Insights, Inc.

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of plant-based ingredients are estimated to reach a value of USD 21.2 billion by 2034, surging at 8.6% CAGR through the decade.

Rising advancements in technology and investment in research and development in the plant-based ingredients market is propelling the sales of the product in various parts of the world.

For meat substitute companies, finding suitable plant-based ingredients is only the first step. Plant-based replacements with a fibrous texture similar to chicken have recently been developed by Vivera in the Netherlands, while plant goods with a bite and mouthfeel comparable to ribs and steak have recently been developed by Vivera in the Netherlands.

Combining different plant-based ingredients is also a rising trend. While it may be possible to get a desirable texture with just one plant protein, food experts at Leatherhead Food Research believe that combining proteins together could improve the textural character. Impossible Foods, for example, uses a blend of soy and potato proteins, as well as hydrocolloids for a more meaty feel.

Apart from that, suppliers and academics have also been striving to address some of the flavor issues that have been connected with plant-derived proteins in the past.

For example, PURIS, a pea proteins provider, has worked on reducing off-flavors at the seed level, while NIZO Food Research has discovered enzymes that can break down hexanol, one of the primary molecules responsible for unwanted flavor and fragrance in soy and pea proteins.

The aforementioned advancements in plant-based ingredients are positively affecting its growth, globally.

Key Takeaways from Market Study

North America is expected to hold a 38% plant-based ingredients market share owing to the rising vegan trend in the region.
Europe is expected to hold a 31% plant-based ingredients market share owing to the movement against animal cruelty.
Germany holds a 22% plant-based ingredients market share in European Market. It is due to a surge in the plant-based claims in food products.
Asia is expected to have a 20% plant-based ingredients market share. This growth is attributed to the rising health consciousness and consumer awareness regarding the product’s health benefits.
Market players are experimenting with new ways of increasing production capacity and also doing research and innovation to create products.

“Plant-based food firms are projected to experience development prospects over the years, despite supply chain interruptions, panic purchasing, and storage. The vegan ingredients industry has experienced an upsurge in innovation in recent years. As a substitution for vegan components, a variety of alternatives to meat-based products are being studied. The alternatives are made from plant-based proteins, algae, and cellulose flours“, says Nandini Roy Choudhury, Client Partner at Future Market Insights 

Competitive Landscape

Key players operating in the global plant-based ingredinets market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Leading Plant-Based Ingredients Brands

Ingredion Inc.
Archer-Daniels-Midland Company
DuPont de Nemours, Inc.
Cargill Inc.
Puris Proteins LLC
BI Nutraceuticals Inc.
Olam International
SunOpta Inc.
Dohler GmbH
The Scoular Company
Trader Joe’s
Simply Balanced
Sweet Earth Natural Foods
Lightlife

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the plant-based ingredients presenting historical demand data (2019-2023) and forecast statistics for the period from 2024-2034.

The study divulges compelling insights on the plant-based ingredients market by product type (soy, wheat, pea, corn, canola, rice, and potato), by end use application (meat substitutes, infant foods, bakery, confectionery, snacks, cosmetics, sports & energy nutrition, preservatives, and animal feed), by sales channel (convenience store, specialty stores, direct sales, modern trade, small groceries, online retail, and other sales channels) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Complete Market Review, A Full Industry Analysis: https://www.futuremarketinsights.com/reports/plant-based-ingredients-market

Key Segments of Market Report

By Product Type:

Plant-based ingredients industry is segmented as Soy, Wheat, Pea, Corn, Canola, Rice, and Potato

By End Use Application:

As per end use application, the industry has been categorized Meat Substitutes, Infant Foods, Bakery, Confectionery, Snacks, Cosmetics, Sports & Energy Nutrition, Preservatives and Animal Feed

By Sales Channel:

Sales Channel further includes Convenience Store, Specialty Stores, Direct Sales, Modern Trade, Small Groceries, Online Retail and Other Sales Channels

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa

About Future Market Insights (FMI)

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Plant-Based Food Market Set for Major Expansion: Expected to Reach USD 35.9 Billion by 2033 with 12.2% Annual Growth

According to Future Market Insights’ new report, the global plant-based food market (Mercado de alimentos de origen vegetal) is anticipated to exceed US$ 11.3 billion in 2023. Total market size is expected to reach US$ 35.9 billion by 2033. Sales of plant-based foods are projected to escalate at a CAGR of 12.2% over the forecast period (2023 to 2033).

Rising trend of veganism and flexitarians worldwide is providing a strong impetus to the growth of plant-based food industry. Plant-based food refers to a broad range of food items created from organic plant-based materials. These foods are often made from vegetables, fruits, nuts, whole grains, legumes, and other plant components.

Plant-based foods don’t contain any animal products or those produced from animals, such as milk, meat, or eggs. Almond milk, tofu, tempeh, coconut milk, and seitan are a few of the most popular plant-based foods.

Over the years, there has been a sharp rise in the population of vegans due to growing awareness about the benefits of eating plant-based foods. People are showing an inclination towards consuming plant-based foods to protect the environment, reduce animal cruelty, and minimize the risk of disease acquisition. This has boosted plant-based food sales.

Plant-based diets have been discovered to have additional health benefits, such as a lower risk of developing diabetes, high blood pressure, and coronary heart disease. Hence, more and more people are opting for plant-based foods.

Thanks to the acceptance of digitization by the global economy, a variety of businesses have experienced tremendous expansion in recent years. Several plant-based food companies choose online channels for their product promotion and sales due to increased internet usage among consumers and the convenience of online transactions.

Similarly, numerous customers prefer to make purchases via online retailers, which motivates companies to maintain an online presence. Recently, more sites have also appeared, including specialty shops and food delivery services. This is significantly expanding the global plant-based food market.

Key Takeaways from the Plant-Based Food Market Study

The worldwide plant-based food market is set to cross a valuation of US$ 11.3 billion in 2023.
Total plant-based food sales are likely to exhibit a CAGR of 12.2% throughout the assessment period.
Based on type, dairy substitutes segment holds a prominent share of the global plant-based food industry.
The USA plant-based food market is forecast to expand at a prolific CAGR during the projection period.
Plant-based food sales across the United Kingdom are projected to rise at a healthy pace through 2033.
India is expected to emerge as a lucrative market for plant-based food products during the assessment period.

“It is anticipated that the growing consumer awareness on how plant-based diet is more beneficial than a meat-based diet will lead to an increase in the sales of these products as they are much more humane and healthier in comparison,” says a lead analyst at Future Market Insights.

Who is Winning?

Various plant-based food manufacturers are concentrating on providing plant-based food at the most competitive prices in response to the growing consumer demand for it.

New product launches, acquisitions, partnerships, joint ventures, celebrity endorsements, and strengthening distribution channels are few of the key strategies employed by companies to gain a competitive edge in the market.

A few of the leading players operating in the plant-based food market are Beyond Meat Inc, Atlantic Natural Foods LLC, Vbite Food Ltd., Danone S.A., Tyson Foods Inc, Nestle S.A., Amy’s Kitchen, Garden Protein International Inc, Lightlife Foods Inc (Maple Leaf Foods Inc.), Impossible Foods Inc, and other players.

Get Valuable Insights into Plant-Based Food Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Plant-Based Food Market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the Plant-Based Food market based on Type (Dairy Substitute, Meat Substitute, Egg Substitute, Seafood Substitute), Source (Soybean, Nuts, Wheat, Pea), and Distribution Channel (Offline Sales Channel, Online Sales Channel, E-commerce Platform) across several 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 analyzed 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.

Thorough Market Evaluation: Full Report

Plant-Based Food Industry by Category

By Type:

Dairy Substitute
Meat Substitute
Egg Substitute
Seafood Substitute
Others

By Source:

Soybean
Nuts
Wheat
Pea
Others

By Distribution Channel:

Offline Sales Channel
Supermarkets/Hypermarkets
Departmental Stores
Convenience Store
Other Sales Channel
Online Sales Channel
Company Website
E-commerce Platform

By Region:

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

About Future Market Insights (FMI)

Contact FMI:

Bio-Based Detergent Enzymes Market Forecast: Sustainable Solutions and Market Potential by 2032

In 2022, the global bio based detergent enzymes market(バイオベース洗剤酵素市場) is experiencing a significant upsurge, with market value expected to leap from USD 5.71 billion in 2022 to an impressive USD 11.66 billion by 2032. This robust growth trajectory, marked by a healthy CAGR of 7.4% over the forecast period, underscores the increasing demand for environmentally friendly and effective cleaning solutions.

Eco-Friendly Attributes Propel Market Expansion

The surge in demand for bio-based detergent enzymes is primarily driven by their environmental benefits and superior cleaning capabilities. Unlike traditional chemical-based detergents, bio-based enzymes are non-toxic, biodegradable, and cost-effective, offering a sustainable alternative that significantly reduces environmental pollution.

Environmental Benefits: Bio-based enzymes effectively remove proteins from stains, making them ideal for household use. They contribute to lower energy consumption and greenhouse gas emissions, supporting global sustainability efforts.
Consumer Awareness: Rising consumer awareness about the harmful effects of chemical detergents is propelling the shift towards eco-friendly alternatives. Increasing regulations and guidelines aimed at reducing environmental impact further bolster this trend.
Cost-Effective Solutions: Despite higher production costs, bio-based enzymes offer long-term savings by reducing the need for harsh chemicals and extending the lifespan of clothing and household items.

Green & Clean to Remain the Key USP for Detergents

The global Bio based detergent enzymes market is predicted to experience robust growth over the forecast period. Growing consumer awareness pertaining to the harmful effects of chemical-based detergents and increasing environmental regulations are some of the primary factors driving the consumption of Bio derived enzymes in manufacturing detergents.
Other factors include decreased energy consumption, biodegradability, eco-friendly by-products, reduced greenhouse gas emissions, and reduced use of non-renewable sources and chemicals in the environment.
The growing use of biodegradable detergents is the crucial trend in the market for Bio based detergent enzymes, as these detergents degrade quickly and without effort and do not emit harmful toxins.
The growing prevalence of greener detergents in developing and developed economies has spurred the demand for bio-based detergent enzymes.

Regional Insights: Asia-Pacific and North America Lead Growth

Asia-Pacific: Rapid urbanization and a high population density make Asia-Pacific the fastest-growing region for bio-based detergent enzymes. The increasing need for health-friendly and environmentally safe products is driving market expansion in this region.
North America: Accounting for 33.2% of the global market share, North America is witnessing significant growth due to heightened consumer awareness and a shift towards eco-friendly products. The region’s robust biotechnological and pharmaceutical industries further fuel market demand.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/bio-derived-enzymes-for-detergents-market

Key Market Players and Strategic Developments

The bio-based detergent enzymes market is highly consolidated, with a few large-scale vendors dominating the global market share. These companies are investing heavily in research and development to innovate and expand their product offerings.

BASF SE: Expanded its EcoBalanced portfolio in April 2021 to offer eco-friendly, high-quality solutions for the detergent and cleaners industry.

Oxiteno: Launched Oxizymes, a new enzyme formulation product line for detergent formulators, in March 2019, targeting the North American market.

Arzeda: Partnered with Unilever in July 2021 to develop enzymes for household cleaning applications, leveraging artificial intelligence and biophysics.

Dirty Labs: Introduced non-toxic, bio-based laundry detergents in February 2021, aiming to capture a niche market with eco-friendly products.

Key Segments of the Bio based detergent enzymes Market

By Enzyme Types:

Proteases
Amylases
Lipases
Cellulases
Peroxidases
Pullulanase

By Application:

Textile
Medical
Agriculture
Industrial Applications
Household
Food & Beverage
Dairy
Others

About Future Market Insights (FMI)

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Vegan Bacon Market Growth: Innovations and Consumer Trends Shaping the Future

During the forecast period from 2023 to 2033, the global vegan bacon market(ヴィーガンベーコン市場)is anticipated to expand significantly at a compound annual growth rate (CAGR) of 6%. The growing veganism trend in the world is one of the main motivators. The demand for plant-based food items, like vegan bacon, is significantly increasing as more people choose plant-based diets for ethical, environmental, and health reasons.

Another important driver of the market’s expansion is the growing understanding of the health advantages of plant-based diets. The potential health concerns associated with consuming animal products, especially processed meats like traditional bacon, are coming to the attention of consumers. The vegan bacon market is predicted to grow because of this movement in customer tastes towards healthier substitutes.

Despite the optimistic growth outlook, the market nonetheless faces several difficulties and dangers. Vegan bacon’s high price relative to regular bacon continues to be a barrier, limiting certain consumers’ access to it. The widespread adoption of vegan bacon faces resistance from consumers who prefer the flavor and familiarity of conventional bacon. There are several opportunities on the market. In developing nations where awareness of plant-based diets is constantly rising, there is an increasing demand for vegan bacon.

Key Takeaways

Indian market dominance: With a sizable market share of 27.8% in the world market for vegan bacon, India stands out as the leader. This is explained by the nation’s expanding population, rising health awareness, and a major shift towards plant-based diets.
Promising Growth Potential in the US: With a significant market share of 20.5%, the US has a significant presence in the vegan bacon market. The American market offers significant development prospects due to the expanding veganism trend and increased emphasis on plant-based substitutes.
Germany’s Consistent Market Share: With a 3.6% share of the global vegan bacon market, Germany has a consistent presence in the sector. The nation’s market share is influenced by its long-standing reputation for producing innovative and high-quality foods.
Opportunities in the United Kingdom: With a market share of 6.0%, the United Kingdom is a promising market for vegan bacon. The UK market has a lot of room to grow as a result of rising vegan food options and growing public awareness of the environmental and health benefits of plant-based diets.
Growing Market Potential in Emerging Economies: With respective market shares of 3.8%, 2.6%, and 3.0%, Japan, Australia, and China all contribute to the worldwide vegan bacon market. Due to the increased popularity of plant-based diets, rising health awareness, and the accessibility of vegan options in their individual marketplaces, these emerging economies have promising growth potential.

Competitive Landscape

There are several competitors in the market for vegan bacon. These players work hard to develop and provide new products that consumers will find appealing. To reach a larger audience, they are also diversifying into new markets and establishing strategic alliances.

Beyond Meat:

This company is a market leader for vegan bacon. The business has had great success innovating new goods, and it has created a number of vegan bacon items that cook and taste like regular bacon. Additionally, Beyond Meat has entered new markets and is currently accessible in more than 50 nations.

Tofurky:

Tofurky is yet another well-known brand of vegan bacon. The business has had great success entering new markets, and it is presently accessible in more than 20 nations. Tofurky has partnered strategically with other businesses like Dunkin’ Donuts to reach a larger market.

Lightlife Foods:

In the plant-based food sector, Lightlife Foods is a reputable business. Strips, crumbles, and bits are just a few of the vegan bacon products offered by the brand. Additionally well-known for its cutting-edge goods is Lightlife Foods, which produces pea protein-based Smart Bacon as one example.

Key Developments

The rise of veganism: One of the main factors behind the burgeoning vegan bacon business is the vegan movement’s exponential global growth. The demand for plant-based substitutes like vegan bacon is significantly increasing as more people choose a vegan lifestyle that abstains from using animal products like meat, dairy, and eggs.
Product innovation and market expansion: Businesses are constantly coming out with new vegan bacon items to meet the expanding demand. These products are made entirely of plants yet are designed to taste and feel like classic bacon. Additionally, businesses are entering new markets both domestically and abroad to take advantage of the growing veganism trend and the growing demand for vegan bacon options.

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

Market Segments Covered In Vegan Bacon Analysis

By Type:

Bacon Bites
Bacon Strip
Ready-to-eat Bacon
Bacon Bits
Standard Bacon

By Storage:

Shelf-stable
Refrigerated
Frozen

By Distribution Channel:

Retail Channel
Supermarkets/Hypermarkets
Specialty Stores
Online Stores
Other Retail Channels
Foodservice Channel
Cafes and Bars
Quick-service Restaurants
Full-service Restaurants
Other Foodservice Channels

By Region:

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

About Future Market Insights (FMI)

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cider and Perry Market Analysis: Demand Dynamics and Future Outlook through 2033

The global cider and perry market size(サイダーとペリー市場) is experiencing robust growth, with demand anticipated to be valued at $92.4 billion in 2023, and is forecasted to grow at a CAGR of 3%, reaching $124.7 billion by 2033. This growth trajectory is attributed to shifting consumer preferences towards ready-to-drink beverages and the increasing popularity of craft beers.

Market Dynamics and Growth Factors

From 2016 to 2022, the cider and perry market registered an impressive CAGR of 6%. The market’s expansion is driven by the introduction of mass-market brands offering cider drinks at competitive prices and a rising demand for beer alternatives in mature markets like the USA and Australia. This trend is creating significant opportunities for cider and perry manufacturers to innovate and capture a broader consumer base.

Draught cider and perry currently account for 46.8% of the market share, with the beverage gaining popularity among both young and older demographics. The market’s growth is further supported by increasing production volumes, market innovation, and product diversification.

Regional Insights

North America holds a substantial share of 34.7% in the global cider and perry market. The presence of leading cider producers and high regional demand, coupled with increasing disposable incomes, is driving market growth. Technological advancements and significant R&D initiatives in the USA and Canada are contributing to the region’s dominance.

Europe is projected to capture a 40.7% market share by 2023. The region’s market is bolstered by a rising number of breweries and innovative cider flavors, attracting a diverse consumer base. High consumer spending on food and beverages and the presence of numerous market players further fuel growth.

The Asia Pacific region is expected to exhibit significant growth over the forecast period. The rapidly growing food and beverage industry, particularly in emerging markets like India and China, is driving demand for cider and perry. Manufacturers are responding by increasing production to meet rising consumer demand for premium alcohol brands and varied flavor profiles.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/cider-and-perry-market

Market Challenges

Despite the promising growth prospects, the cider and perry market faces challenges. Increasing health awareness among consumers about the negative impacts of alcoholic beverages poses a potential impediment. Additionally, distinguishing cider and perry products from sparkling wines and raising product awareness remain key challenges for market participants.

Competitive Landscape

The cider and perry market is highly competitive, with major players such as Crispin Cider Company, WOODCHUCK CIDER, Louis Dupont, Ace Cider, and Aspall leading the market. Several regional players are also making significant contributions, particularly in the Asia Pacific region.

Notable recent developments include:

Pall Corporation‘s acquisition of Pall-Austar Lifesciences Limited in March 2022, aimed at expanding manufacturing capacity to support single-use technology supply chain demand in China.
Vintage Wine Estates‘ acquisition of ACE Cider in November 2022, enhancing their product portfolio with one of the fastest-growing craft cider brands in the USA.

Key Segments Profiled in the Cider and Perry Industry Survey

By Product Type:

Draught
Packaged
Keg

By Trade Type:

Off Trade
On Trade

By Region:

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

About Future Market Insights (FMI)

Carob Market Insights: Emerging Trends, Growth Drivers, and Forecast to 2033

The carob market revenue(Mercado da Alfarroba) is expected to grow from US$ 761.6 million in 2023 to US$ 1,129.3 million by 2033, with a CAGR of 4.0% from 2023 to 2033.

Health-conscious customers rapidly understand carob’s outstanding health advantages and adaptability, resulting in growing demand. With the possibility of improving health & distinctive taste character.

Carob products have many health benefits like it as the ability to lower blood sugar levels and also it increases our immunity. Carob is also a natural sweetener that is mostly used in food and beverages.

Market Opportunities

The growth of the market is due to the rising demand for carob in the natural & healthy food, health, and wellness fields. Carob is utilized in several items in various sectors, such as baked goods, beverages, desserts, functional foods, creams, lotions, serums, hair care, capsules, and tablets.

The increasing need for organic and herbal elements in these products is driving the rapid growth of the carob market. The Asia Pacific area is likely to be the greatest market for carob in the future years.

Key Takeaways

The carob sector expanded at a CAGR of 4.0% from 2023 to 2033.
By 2033, the carob market is projected to expand to a value of US $1,129.3 million.
In 2022, the United States dominated the carob market with a share of 9.6%.
In 2022, Germany expanded significantly in the carob market business, with a share of 5.4%.
In 2022, India expanded significantly in the carob market business, with a share of 27.7%.
Japan emerged as a dominant player in the carob market in 2022, securing a substantial 3.1% market share.

Competitors Winning Strategies
A variety of effective techniques are being used by businesses in the carob industry to achieve a competitive advantage and grow their market share. Strategies include product innovation, campaigns, marketing and branding, partnerships and collaborations, and partnerships with distributors, market expansion.

Businesses are expanding into new areas, investing in research and development, and strong distribution networks, marketing, customer engagement, and support. Companies in the carob sector may continue expanding and be successful in the years to come by putting these strategies into practice.

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

Recent Developments:

Carob House: Introducing Healthful Delights – Carob-based snacks and beverages attracting an increasing number of consumers who prioritize health as a natural, without sugar substitute to chocolate as well.
Hain Celestial Group: Expanding the Organic Realm – Hain Celestial Group buys Carob Goods, bolstering its dedication to organic and natural foods and beverages.
European Union: Sweetening the Deal – EU’s acceptance of carob extract as an alternative to sugar increases the need for carob extract in the European market.
Food Science & Nutrition: Handling Blood Sugar Safely – Carob extract has been shown in research for its ability to reduce blood sugar levels and enhance glycemic management.
Phytomedicine: Heart-Healthy Marvel – Studies indicate carob extract’s capacity to shield the heart against elevated cholesterol-induced harm, indicating the possibility of cardiovascular advantages.

Key Segments Profiled in the Carob Industry Survey

By Form:

Solid
Liquid

By Distribution Channel:

via Fitness Stores
via Health Stores
via Online Stores
via Other Distribution Channels

By Application:

for Bakery Products
for Dairy Products
for Nutrition & Supplements
for Pharmaceuticals
for Other Applications

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Amla Extract Market Poised to Reach USD 81 Billion by 2034, Fueled by 6.2% CAGR and Increasing Demand for Natural Supplements

In recent years, the global amla extract market(Mercado de Extrato de Amla) has witnessed remarkable growth, with the industry’s value soaring to USD 43.7 billion in 2023 and projections indicating a robust 5.7% compound annual growth rate (CAGR) from 2024 to 2034. By 2034, the sector is anticipated to reach a staggering USD 81 billion, underscoring its pivotal role in the health and wellness sector worldwide.

Health Benefits Driving Growth

The surge in demand for amla extract is primarily attributed to increasing health consciousness among consumers who are actively seeking antioxidant-rich products. Amla extract, renowned for its high vitamin C content and numerous health benefits, including weight management, enhanced immune function, and cardiovascular health, is witnessing heightened adoption across various industries. This includes food and beverages, pharmaceuticals, cosmetics, and nutraceuticals, where it is incorporated into products ranging from dietary supplements to skincare formulations.

Key Takeaways:

Market Growth: Expected CAGR of 5.7%, reaching USD 81 billion by 2034.
Health Benefits: Antioxidant-rich properties driving demand in food, cosmetics, and pharmaceutical sectors.
Digital Transformation: E-commerce platforms pivotal in expanding market reach and consumer engagement.
Challenges: Limited awareness in some regions and supply chain volatility.
Opportunities: Technological advancements, sustainability practices, and regulatory compliance crucial for market expansion.

Expanding Market Applications

Amla extract’s versatility is evident in its diverse applications across different sectors. In the food and beverage industry, it is favored for its nutritional properties and is increasingly used in functional foods and beverages such as juices and energy bars. Moreover, the cosmetic and personal care sectors are embracing amla extract for its revitalizing and nourishing effects on skin and hair, reflecting the growing preference for natural and organic ingredients among consumers.

E-commerce and Digital Transformation

The advent of digitalization has revolutionized the amla extract market, with e-commerce platforms playing a pivotal role in expanding market reach and enhancing consumer engagement. Companies are leveraging online channels to promote amla extract-based products, tapping into diverse consumer demographics globally. This digital transformation is not only boosting sales but also fostering innovation and product development to meet evolving consumer preferences.

Challenges and Opportunities

Despite the promising growth prospects, the sector faces challenges such as limited consumer awareness in certain regions and seasonal fluctuations affecting supply chain stability. However, these challenges are countered by opportunities presented by increasing globalization, technological advancements in extraction processes, and a growing trend towards sustainability and ethical sourcing practices. Companies that prioritize these factors are well-positioned to gain consumer trust and drive market expansion.

Regulatory Compliance and Quality Assurance

Maintaining regulatory compliance and ensuring product quality are crucial for sustaining growth in the amla extract market. Companies are focusing on obtaining certifications and adhering to stringent quality standards to enhance credibility and consumer confidence. This emphasis on transparency and ethical practices is essential for navigating the competitive landscape and gaining a competitive edge.

Leading Amla Extract Brands

Dabur India Ltd.
Organic India Pvt. Ltd.
NutraGenesis LLC
Natreon Inc.
Avestia Pharma
Ambe Phytoextracts Pvt. Ltd.
Herbeno Herbals Pvt. Ltd.
Ayurceutics
Rusmolco
Indigo Herbs Ltd.
Aloecorp Inc.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/global-amla-extract-market

Key Segments of Market Report

By Form:

As per form, the sector has been categorized into powder, liquid, capsules, tablets, and others.

By Nature:

In terms of nature, the sector is divided into organic and inorganic.

By Function:

The industry is segregated into antioxidant, digestive health, skin care, immune support, cardiovascular health, weight management, hair care, and others.

By End-use:

A few of the leading end-uses include food and beverage, pharmaceuticals, cosmetic and personal care, dietary supplements, and others.

By Distribution Channel:

A few of the important distribution channels include online retail, supermarkets and hypermarkets, specialty stores, pharmacies and drugstores, and others.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa.

About Future Market Insights (FMI)

Global Food Color Market Set for Moderate Growth at 5.8% CAGR, Projected to Hit USD 8.46 Billion: FMI Report

The market valuation of the global food color market (Mercado de Color alimentarios) was US$ 4.76 billion in 2023. This market valuation is estimated to reach US$ 4.83 billion in 2024. In addition, the moderate CAGR of 5.80% shall elevate the market valuation to US$ 8.46 billion by 2034. This market development is influenced by various critical market forces that help the market grow.

Consumers have started to become more aware of their physical health, which raises concerns regarding healthy food and diet. Due to this, consumers have been demanding natural additives. This surges the demand for natural colors in food, which acts as one of the key market drivers.

Due to intercultural exchange, various global cuisines have crossed borders to reach different parts of the world. This emphasizes the demand for colors to give a conventional appearance to the cuisine, which is another market driver for the subject market.

Food appearance has gained significant importance. Due to this, cuisine preparation needs to be attractive. Consequently, to enhance the look of a dish, the use of colors has become common, which surges the demand for colors. As a result, this creates another crucial market driver for the said market.

Marketing channels have gained rising importance, emphasizing the look of a dish or beverage. Due to this, the rise of media marketing channels surges the demand for food additives. Thus, the changed marketing landscape is playing a role as the market driver.

Key Takeaways from the Market Study

The market’s CAGR from 2019 to 2023 was 5.3%, which rose to 5.8% from 2024 to 2034. This is an optimistic scenario for the subject market.
Food manufacturers use vibrant colors more to attract consumers. However, excessive additives might affect human health, which is one of the key hindrances for the market.
The United States of America leads North America. It forecasts progress at a moderate CAGR of 5.5%.
Germany leads the European market, wherein the rising population has been one of the key factors for the market progress. It estimates the market advancement at a CAGR of 5.5%.

“The increased consumption of bakery items has surged the demand for food additives, particularly synthetic colors, to increase their shelf life and appearance. This has been driving the market segment significantly, contributing to its growth,” claims the FMI analyst.

Competitive Landscape

The discrete distribution of competitors globally creates several opportunities for new entrants. However, the global canvas creates various challenges for the players, as different countries have different laws and regulations for food additives.

Competitors bolster their market presence through various market strategies, including strategic alliances, partnerships, mergers and acquisitions, product development, and many other key strategic initiatives. These moves help marketers gain a competitive advantage.

In April 2019, Archer Daniels Midland Company innovated micronized color powder and added it to the organization’s existing product line.
In December 2021, Givaudan acquired DDW, which helped the business to penetrate the global market. The distribution network could be bolstered through this initiative.
In June 2022, Sensient Technologies Corp. acquired Endemix Doal Maddeler AS, which developed the business’s working market verticals.

The following organizations actively participate in the market competition:

Archer Daniels Midland Company
Allied Biotech Corporation
DIC Corporation (BASF SE)
BioconColors
DDW, The Color House
Döhler Group
GNT International B.V.
Kalsec Inc.
DSM
Naturex S.A.
ROHA ( A JJT Group Company)
San-Ei Gen F.F.I., Inc.
Sensient Colors LLC.
Symrise AG
Chr. Hansen Holding A/S

More Valuable Insights Available

Future Market Insights offers an unbiased global food color market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

The food color market is segmented based on color type (natural and synthetic), end-use application (beverage, bakery, snacks and cereal, dairy, fruit preparations/fillings, meat, poultry, fish and eggs, sauces, soups and dressings, seasonings, and pet food) and form (liquid, powder and gel) across seven major countries (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Exhaustive Market Report: A Complete Study

Food Color Market – Key Segments

By Color Type:

Natural
- Beta Carotene
- Carmine
- Black Carrot Concentrated Juice
- Grape Skin Red/Anthocyanidin
- Lutein
- Turmeric
- Red Beet
- Malt Extract
- Spirulina
Synthetic Food Colors

By End-use Application:

Beverage
- Milk Drinks and Milk Alternatives
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks)
- Sports Drinks
- Coffee and Cocoa
- Tea
- Energy Drink
Bakery, Snacks and Cereal
- Breakfast Cereal
- Bread
- Cakes and Pastries
- Cookies
- Biscuits and Cones
Dairy
Fruit Preparations/Fillings
Meat, Poultry, Fish and Eggs
Sauces, Soups and Dressings
Seasonings
Pet Food

By Form:

Liquid
Powder
Gel

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

About the Food and Beverages Team at Future Market Insights

Future Market Insights food and beverage team offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has lucidly analyzed the industry in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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