Market Research Blog

Phosphatidylserine market sales are likely to exceed 311 thousand metric tons by end of 2019, as per the latest report by FMI. A combination of multi-pronged factors, including high demand for cognitive well-being and consumer adherence to healthy diets, will continue to propel demand for phosphatidylserine in 2019 and beyond.

According to the FMI’s analysis, phosphatidylserine supplements have been proven useful in fighting age-related cognitive decline, such as dementia and Alzheimer’s. Moreover, efficacy of phosphatidylserine in treating neurological disorders, such as Attention deficit hyperactivity disorder (ADHD), is also fostering its adoption as a safe and reliable remedy in the global healthcare arena.

“Since a large portion of the global population is affected by cognitive impairment, clamor for natural products that can aid in enhancing cognitive functionalities is gaining momentum. Compared to other available products, phosphatidylserine has been witnessing high demand as an ideal solution for brain health, driven by clinically-proven long term benefits” says FMI report.

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As per the FMI analysis, end-users will continue to indulge in phosphatidylserine-rich foods and beverages, boosting the adoption of phosphatidylserine in food grade over the forecast period. This can be attributed to the increasing consumer proclivity to pay for foods with multifarious health benefits.

Conventional phosphatidylserine will remain highly preferred, with global sales estimated to exceed 279 thousand metric tons in 2019. Affordable prices as compared to that of the organic variants remain one among the chief aspects enhancing the visibility of conventional phosphatidylserine. However, preference for organic phosphatidylserine is likely to intensify over the forecast period, as organic claims will have deep-rooted influences on consumer decision-making.

Multipronged health benefits associated with phosphatidylserine makes it a viable proposition across multiple end-use industries. As per the FMI analysis, dietary supplements & nutraceuticals rich in phosphatidylserine will continue to gain consumer favor, on account of gravitation toward foods facilitating optimal brain function.

According to the FMI research study, plant-based phosphatidylserine supplements will be in high demand, with global demand estimated to surpass 209 thousand metric tons in 2019. Health concerns associated with animal-derived phosphatidylserine supplements continue to dent consumer confidence, inducing a massive shift to plant-based variants.

Sensing the importance of consumer acceptance for long-term market sustenance, manufacturers are curating products that cater to the evolving end-user needs. The report opines an in-depth understanding of end-user requirements to be the key to successful product positioning.

The GRAS status granted by the U.S. Food and Drug Administration is likely to expand the adoption of phosphatidylserine across other sectors, thereby driving the global sales. This grant is stimulating researchers and end-users to explore potential uses of phosphatidylserine in multiple varieties of functional foods, such as processed fruit juices, breakfast cereals, nutritional bars, and many other categories. Adoption of phosphatidylserine remains dormant in the cosmetic industry but is likely to tread on a promising growth path in the future, driven by its potential to moisturize and slowdown skin aging.

As per the FMI report, manufacturers of phosphatidylserine are making headway with strategic partnerships and collaborations, in a bid to diversify their product lines via combined expertise. Moreover, these partnerships enable both the involved parties to have enhanced access to a wide range of resources, which in turn facilitates their organic growth in the global market space.

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Global Phosphatidylserine Market: Segmentation

By Form:

• Powder
• Liquid

By End Use:

• Functional Foods
• Dietary Supplements & Nutraceuticals
• Cosmetics & Personal Care

By Grade:

• Food Grade
• Pharmaceutical Grade

By Nature:

• Organic
• Conventional

By Source:

• Plant Source
  • Soybean
  • Sunflower
  • Others (Cabbage etc.)
• Animal-derived

By Region:

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

About Food Market Division at FMI

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

 

According to a recent study of Future Market Insights (FMI), global sales of calcium sulphate surpassed 285 thousand tons in 2018, and will record a 3.5% Y-o-Y growth in 2019. The study estimates construction industry to account for over 75% of overall calcium sulphate sales in 2019. While calcium sulphate has traditionally witnessed substantial adoption in the construction sector, there has been a significant increase in demand for calcium sulphate in paints & coatings, and industrial wastewater treatment applications in the recent past.

Steady growth prospects have been estimated for hydrated calcium sulphate sales in 2019, in contrary to anhydrous calcium sulphate. . This can be attributed to robust adoption of hydrated calcium sulphate in various construction applications, including coloring pigments and quick drying PoP. Sales of hydrated calcium sulphate will be 4X more than their anhydrous counterparts in 2019, according to FMI study. Continued adoption as a supplement in the food & beverage industry, as fillers and coating agents in paper industry, continue to remain other leading demand determinants of hydrated calcium sulphate.

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Growth Confined by Rising Availability of Economic & More Effective Alternatives

Growing availability of effective and economically feasible alternatives, such as aluminum sulphate and calcium chloride, continue to remain key concerns for players operating in the calcium sulphate market. Leading players in the market have already shifted their preference toward calcium sulphate substitutes, in light of their greater efficacy and convenience in manufacturing.

Regulatory standards imposed on calcium sulphate by the Environmental Protection Agency (EPA), and National Institute for Occupational Safety and Health’s (NIOSH), have significantly driven adoption of calcium sulphate alternatives. Additionally, better functionalities and performance outcomes apropos of using calcium chloride in construction applications, and aluminium sulphate in pharmaceutical and personal care product formulations, continues to pose a negative influence on sales of calcium sulphate worldwide.

Application of calcium sulphate in topsoil layer for improved crop yield has traditionally been a common practice among farmers worldwide. However, regulatory hurdles regarding use of gypsum, composed of calcium sulphate, have been arresting adoption of calcium sulphate in the agricultural industry. Additionally, reuse and recycling of calcium sulphate by-products has emerged as a popular trend in recent years, which in turn will impede demand for calcium sulphate in the near future. .

Leaders in calcium sulphate market such as Solvay S.A., Honeywell International Inc., and USG Corporation are currently focusing on investments in the development of low-cost sustainable gypsum boards, in line with the rise of green building initiatives that necessitate adoption of eco-friendly construction materials.

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Market Segmentation

By Product Form

• Anhydrous
• Hydrated

By Grade

• Technical Grade
• Food & Pharma Grade

By Function

• Coagulant
• Thickening Agent
• Excipient
• Desiccant
• Additive
• Intermediate

By End-use

• Construction
• Agrochemicals
• Food & Beverages
• Cosmetic & Personal Care
• Pharmaceuticals
• Paints & Coatings
• Paper

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• China
• Middle East & Africa

Over 3 thousand billion tons of powdered soft drinks were consumed in 2021, equaling a market value of US$ 10.6 billion. FMI’s new study reveals that consumption of powdered soft drinks is projected to grow at a subdued 2.3% y-o-y in 2022. Key factors identified in the FMI study can have a prominent influence on the overall growth of the powdered soft drinks market.

• Waning popularity of powdered soft drinks on the back of increasing demand for RTD beverages
• Overall soft drink consumption is hit by growing natural label demand and increasing health consciousness
• Continued popularity of powdered beverages in generation X and millennials supports the dwindling sales of powdered soft drinks

“Soft drinks consumption continued to dwindle in the past half a decade with evolving consumer demand trends such as nourishment, low or no-sugar, natural, clean label and sustainability. Despite their unique space in the beverage industry, popularity of powdered soft drinks declined in parallel to the meteoric rise in innovations and new flavors of other types of soft drinks. Traditional popularity combined with steady flavor innovations are likely to sustain powdered soft drinks sales with a projected 2.8% annual growth in revenues in 2019,” says FMI.

Orange Flavored Powdered Soft Drinks Top Selling

Orange remains the most popular flavor among a plethora of fruit flavors offered by beverage manufacturers. The FMI study finds that consumption of orange flavored powdered soft drinks is expected to surpass 1065 billion tons in 2022 and account for over 31% of all the powdered soft drinks market consumption.

Despite the introduction of multiple variants to stand-out in the market competition, orange followed by apple continues to capture consumer traction owing to their traditional popularity among consumers. Apple is the second most highly liked flavor in beverages and held nearly 20% of all the powdered soft drinks consumption in 2021.

With the evolving palate of consumers for different flavors, FMI study finds that collectively apple, mango and berry will grow at over 3% y-o-y in 2022 and account for over one-third share of total consumption.

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Sales in Household Application Highest

The study reveals that powdered soft drinks’ huge demand continued in the household application in the past decade. In 2022, sales in the household application will account for over 85% of all powdered soft drinks sales globally. Powdered beverages witnessed significant penetration in household application due to affordability combined with taste.

While the sales in household application continue to grow steadily, FMI shows that purchase of powdered soft drinks among institutional buyers will witness a steady rise with a 3.4% annual growth projected in 2022.

Distribution through Mass Grocery Retailers Significant

Over 38% of all the powdered soft drinks sold in 2021 were through mass grocery retailers. Owing to the affordable prices provided by these retailers, mass grocery retailers remain the prime choice of consumers for grocery purchase. Similar trend follows in powdered soft drinks market wherein consumer purchase of powdered beverages through mass grocery retailers continue to rise.

According to the study, distribution of powdered soft drinks through hypermarket/supermarket and discount stores remains second highest wherein collectively they accounted for 45% of the total powdered soft drinks consumption in 2021.

Pouches and Sachets of Powdered Soft Drinks Highly Preferred Packaging Solutions

FMI thoroughly studied consumer preference for different packaging solutions of powdered soft drinks available in the market. The study shows that pouches and sachets are highly preferred packaging solutions for powdered soft drinks among consumers. Over 86% of the powdered soft drinks sold were packaged in pouches and sachets in 2021. While the status-quo is expected to continue in the future, the FMI study finds that consumption of powdered soft drinks in bulk packaging is expected to at 3.8% annual rate in 2022.

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Europe Leads Consumption, APEC Consumers Grow Rapidly

As per FMI regional valuation, Europe accounted for nearly one fourth of the powdered soft drinks consumer in 2021. North America is the second largest consumer of powdered soft drinks. While the status-quo is expected to continue in 2022, the study reveals that APEC will outsell these prominent consumers beyond 2022. Developing economies in APEC and MEA are likely to witness increasing consumption of powdered soft drinks with the expanding middle class that prefers affordable products in their purchase.

The FMI report tracks the powdered soft drinks market for the period 2022-2027. According to the report, the powdered soft drinks market is projected to grow at 2.6% volume CAGR through 2027.

Global Powdered Soft Drinks Market:Segmentation

Analysis by Flavour:

• Cola
• Orange
• Lemon
• Mango
• Apple
• Berry
• Mixed Fruit
• Others

Analysis by End Use:

• Institutional
• Foodservice/HoReCa
• Household (Retail)

Analysis by Sales Channel:

• Hypermarkets/Supermarkets
• Discount Stores
• Mass Grocery Retailers
• Wholesale Club Stores
• Foodservice
• Others

Analysis by Packaging:

• Carton Boxes
• Pouches & Sachets
• Cans
• Bulk Packaging

Analysis by Region:

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

About Food Market Division at FMI

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

The collagen casing market was valued at USD 1,683.5 million in 2022 and is projected to reach USD 2,827.5 million by 2032; it is expected to grow at a CAGR of 5.6% from 2022 to 2032. While Europe has traditionally reigned supreme in the collagen casings market, followed by the Americas, China has been demonstrating substantial potential to propel collagen casings sales in the recent past.

The meat and casings industry has been pounded by spiking costs, pricing pressures, and uncertain trade scenarios. Although the industry continues to be significantly influenced by raw material prices, bolstering popularity of synthetic casings such as collagen casings will uphold the revenues on a promising growth trajectory, says FMI’s report.

Europe currently accounts for over 40% share in the total consumption of collagen casings. Increasing globalization of dietary practices among Asia’s evolving consumer demographics, especially growing westernization of Chinese diet, is favoring sales of processed meat products and sausages within emerging Asian markets. In the light of China’s growing appetite for sausages, backed by the mass consumer shift from high-carb to high-protein foods, China is positioned as the potential gold mine for sausages makers and collagen casings manufacturers. As a sizable Chinese population continues to prefer low-cost alternatives for meat and meat-based products, collagen casings are slated for significant consumption in manufacturing of sausages. However, despite high strategic importance, China will remain a highly competitive, low-cost market in the long run, says the report.

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Higher applicability of collagen casings has been estimated in fresh sausages over cooked, whereas FMI forecasts meat-based snacks to emerge as the second most sought after application of collagen casings. The report projects that dry-cured and pork lion, besides cooked sausages, will create lucrative investment opportunities for manufacturers of collagen casings in coming years.

Registering over half the total consumption volume, small caliber collagen casings continue to reflect a strong consumption potential in the edible, fresh sausages segment. With increasing inclination of foodservice operators towards regenerated collagen casings over natural casings, manufacturers continue to discover maximum demand from foodservice providers. The report anticipates private labels to register a higher rate demand for collagen casings – especially in the fresh, frozen, and ready-to-cook segments.

Casings manufacturers and sausage makers accelerating their mass shift to collagen casings over animal gut owing to the former’s uniform consistency, greater strength, and convenience of mass production through production line automation. The report attributes growing consumption of collagen casings by sausages manufacturers to the marginal benefits offered by relatively stable pricing of collagen casings, in addition to the tenderness, ease of cooking, and healthful content. Foodservice operators, cited as the prime consumer of collagen casings, will adhere to the advantages of better productivity and production standardization at relatively lesser labor, creating steady growth prospects for collagen casings market in the near future.

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A growing trend of veganism has been buffeting meat consumption levels over the recent past, which is subsequently limiting sales volume of collagen casings. With a towering number of foodservice chains launching vegan product lines and processed food manufacturers seeking sustainable meat alternatives, the meat and sausages sales are most likely to witness a considerable slowdown – restricting rapid growth of collagen casings. Competition from non-food verticals such as cosmetics and personal care products industry will also remain a key factor posing challenges to raw material pricing and supply, says FMI.

The report tracks global collagen casings market for an ten-year forecast period, 2022-2032. Projecting a 5.6% volume CAGR through 2027, the report offers exclusive insights on the various other facets of collagen casings market

Global Collagen Casings Market: Segmentation

Collagen Casings Market – By Product Type

• Edible
• Non-edible

Collagen Casings Market – By Caliber

• Small
• Large

Collagen Casings Market – By Application

• Fresh Sausages
• Cooked Sausages
• Dry-Cured Sausages
• Meat-based Snacks
• Others (Pork Loin, etc.)

Collagen Casings Market – By End Use

• Industrial Food Processing
• Foodservice
• Private Label
• Butcheries and Meat Processors
• Others

Collagen Casings Market – By Region

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

Over 2 million tons of fat filled milk powder was consumed globally, by 2018 end. As analyzed by Future Market Insights’ new intelligence report, the consumption volume will increase by 5.1% in 2019. While demand from dairy industry will remain pervasive, FMI envisages a prominent boost to demand growth from bakery, confectionary, and ice cream segments in the near future.

Fat filled milk powder is gaining recognition largely in recent years and has a growing demand especially in developing countries. In 2022, fat filled milk powder market is valued at US$ 4.9 Bn. The market is likely to grow at a CAGR of 5.8% CAGR through 2032 with the projection value of US$ 8.5 Bn.

Economic price point compared to whole milk powder and butterfat has been a prominent factor accounting for growing popularity of fat filled milk powder among multiple sectors of the food and beverages industry. Increasing consumer preference for value-added food ingredients is translating into billowing sales of products such as fat filled milk powder. Moreover, favorable trade scenario is extending strong support to progressing sales of fat filled milk powder.

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Dairy Products Register Highest Consumption, Ice Cream Most Lucrative

While dairy products continue to account for more than 30% of the total volume of fat filled milk powder consumed by 2018, ice cream also registers a significant share of around 1/4th of the total sale of fat filled milk powder. FMI opines that bakery and confectionary are emerging as high-potential segments in the years to come, representing a sizeable collective share in the fat filled milk powder market.

The report forecasts a dominant share for fat filled milk powder 28%, followed by fat filled milk powder 26%. Attributed to the highest vegetable fat and protein profile, the former will continue to reign supreme over others in fat filled milk powder market. Variants of instant fat filled milk powder are the relatively low shareholders in fat filled milk powder market. However, instant fat filled milk powder 26% and 28% will gradually gather traction in the years to come – reflecting healthy annual growth rates in 2019 – according to FMI’s analysis.

Almost 40% sales of fat filled milk powder is clustered at supermarkets and hypermarkets, as depicted by the report. While convenience stores have also been among the key sales channels for fat filled milk powder, FMI foresees promising opportunities residing in the thriving Ecommerce sector. Departmental store sales on the other side are witnessing a healthy upsurge in recent years. FMI anticipates global fat filled milk powder market to benefit from the improving penetration into organized retail sector, rather than within independent retail outlets. Moreover, modern trade formats are more likely to assist revenue growth of the fat filled milk powder market in coming years.

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Global Fat Filled Milk Powder Market: Segmentation

By Product Type:

• Fat Filled Milk Powder 26%
• Instant Fat Filled Milk Powder 26%
• Fat Filled Milk Powder 28%
• Instant Fat Filled Milk Powder 28%

By Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Department Stores
• Specialty Stores
• Online

By End Use:

• Dairy Products
• Bakery Products
• Confectionaries
• Ice Cream
• Others

By Region:

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

Europe & North America Capture a Combined Share of over 40%

The largest manufacturers and exporter region of fat filled milk powder, Europe will retain the top ranking consumer market position. The region will collectively account for over 44% share in the total market value, with North America. Whereas, the demand for fat filled milk powder will gain more prominence across South Asian region, according to the report. Sustained popularity of dairy products and a growing trend of consuming dairy beverages with vegetable protein and fat content. Fat filled milk powder manufacturers in South Asian market are likely to encounter untapped windows of opportunities in multiple dairy product categories such as cheese, yogurt, and fresh fermented products. Companies are thus also focusing on expansion of their culture manufacturing capacities.

The report has tracked strategic profiles of some of the leading players operating in fat filled milk powder landscape. Moreover, the report has anticipated a 5.4% volume CAGR for the market during 2018-2028.

 

Polyamide intermediates are thermoplastic silky material, which is also known as nylon. It is available in fibrous state as well as in plastics. The polyamide intermediates are used for an array of applications, which includes fabrics, tires, and carpets among others. The consumption of polyamide intermediate chemicals in the automotive sector is expected to be the highest over the forecast period. Polyamide intermediate chemicals possess special characteristics, which includes high abrasion resistance, high elongation, and chemical resistance among others. Many manufacturers are engaged in developing bio-based methods for developing the polyamide intermediates. With introduction of bio-based polyamide intermediates, the global polyamide intermediates market is expected to foster a healthy growth rate, as it is recyclable and being adopted by the various end use industries from automotive to consumer goods. The consumption of polyamide intermediate chemicals in the automotive sector is expected to be the highest over the forecast period.

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Global Polyamide Intermediate Chemicals Market: Drivers & Restraints

The global polyamide intermediate chemicals market is primarily driven by the demand for environmental friendly consumer products and stringent regulations for ecofriendly products. With a wide range of application of polyamide intermediates chemicals in various end use industries such as automotive, electronics, textiles and consumer goods among others is attributed with the growth of global polyamide intermediate chemicals globally. The use of polyamide intermediate chemicals in the automotive sector to replace some of the alloy parts such as nuts and bolts to reduce the weight of vehicles are increasing the adoption of polyamide intermediates chemicals in the automotive industry. Thus, this demand is fostering the growth of polyamide intermediate chemicals market. However, the moisture absorption properties of the polyamide intermediates chemicals decreases the tensile strength of the material which might pose as a restraint to its adaptability also the molded polyamide intermediates are subjected to shrinkage which might restrain the growth of polyamide intermediate chemicals market.

Global Polyamide Intermediate Chemicals Market: Regional Outlook

Based on the geographic regions, global polyamide intermediate chemicals market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, Asia-Pacific market for polyamide intermediate chemicals holds the largest market. In the Asia-Pacific market, China holds the largest share followed by India, the growth of polyamide intermediate chemicals in these countries are attributed with the growth of automotive, chemicals and textile industries in these regions. The demand for bio-based polyamide intermediates chemicals in the North America and the European market to cope up with stringent environmental regulations in the region is fostering the growth of polyamide intermediate chemicals but in a moderate speed. Overall, the market is expected to show a significant growth rate by the end of forecast period.

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Global Polyamide Intermediate Chemicals Market: Key Players

Some of the major players identified in the global polyamide intermediate chemicals market includes, BASF SE, DuPont, DSM, Segetis, Inc., Solvay, Arizona Chemical Company, LLC., and Genomatica, Inc. among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on: 

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Polyamide Intermediate Chemicals Market: Market Segmentation

Based on the type of polyamide intermediate chemicals, the global polyamide intermediate chemicals market can be segmented into:

• Synthetic Polyamide Intermediate Chemicals
• Bio-Based Polyamide Intermediate Chemicals

Based on applications, the global polyamide intermediate chemicals market can be segmented into:

• Tires
• Musical Strings
• Bags
• Conveyor Belts
• Others

Based on the end use industries, the global polyamide intermediate chemicals market can be segmented into:

• Automotive
• Textile
• Electronics
• Consumer Goods

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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According to a recent market study by Future Market Insights (FMI), the fresh figs market surpassed US$ 1.4 billion in 2022 and will reportedly grow at a healthy CAGR of 5.3% between 2022 and 2032. Fresh figs are the fruits of fig tree that only produce fruit once a year. Figs are native to the Mediterranean region, although they are currently farmed all over the world.

The FMI study finds that fresh figs are gaining popularity worldwide, especially in the regions of North America and Europe, due to the increasing health-conscious population. Growing applications of fresh figs in food processing as well as in the foodservice industry has increased due to their high nutritional composition and natural sweetness. 

Fresh Figs to Replace Sugar as a Natural Sweetener, Expanding the Scope of Applications 

Fresh figs have long been touted for their health benefits, and have been used in various culinary recipes. The fruit is packed with various nutrients and fibers, plus, it has a significant amount of natural sugar. The health-conscious population has been significant increasing, globally, and processed food manufacturers want to cater to the demand from this particular population.

Health-conscious population across the world is seeking alternatives that are economical as well as high in nutrition. Fresh figs serve this purpose, and thus, their use in the food and beverage industry as a natural sweetener has increased.

Though transportation and storage of fresh figs is an issue, but manufacturers are using alternatives such as preparing marmalades and concentrates of fresh figs so that there is increased shelf life and easy and cost-saving transport.

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Consumer Demand for Exotic Flavors in Food Products to Bolster Sales

Exotic flavours are trending and enjoying increased demand in the food and beverage sector. Innovative and exotic food flavours are experiencing great demand in various products such as ice creams, yogurts, snacks, etc. Fresh figs have an exotic taste and sweet aroma that is not favoured by everyone consuming them. But their incorporation in products such as ice creams, yogurts, etc., brings out a sweet taste, which is preferred by consumers in the countries in North America and Europe. Thus, the consumer base is developing a sweet tooth for products containing fresh figs as an ingredient and as an exotic flavor.

Moreover, less sweet varieties of fresh figs, such as the Kadota variety, are being used in salads because their sweet flavour is experienced when the food product they are added to has a slightly salty flavour. Various varieties of fresh figs are available in the market that can be used in specific applications to experience the exotic taste that foodservice providers around the world are experimenting with and desire.

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Mediterranean-grown Fresh Figs Witnessing Incremental Demand in Developing Countries

Fresh figs are most prevalent in the Mediterranean region that produces the highest amount of fresh figs in the world. Mediterranean grown fresh figs are also in high demand due to the significant amount of vitamins, amino acids, and antioxidants that they contain.

Also, the quality and taste of the fresh figs grown in this region are highly favoured as compared to the fresh figs that are grown in other regions. This has resulted in the growers in the Mediterranean region increasing their capacity and adapting to the organic farming methods to obtain high yield and greater value.

Demand is mostly from Asian countries that do not produce figs in abundant quantities. The preference of the variety of fresh figs in this region is for the produce from countries in the Mediterranean region such as Turkey, Iran, etc.

Fresh Figs Market: Segmentation

Analysis by Nature

• Organic
• Conventional

Analysis by Variety

• Smyrna Figs
• Black Figs
• Sari Lop Figs
• Mission Figs
• Kadota Figs
• Others

Analysis by Sales Channel

• Modern Trade
• Specialty Stores
• e-Retailers
• Grocery Stores
• Wholesale Stores
• Industrial
• Foodservice/HoReCa

Analysis by Region

• North America
• Latin America
• Europe
• East Asia
• Rest of Asia Pacific
• Middle East and Africa

In a recent market analysis, Future Market Insights (FMI) has projected the global sorbitan esters market to expand at a steady 5.6% CAGR between 2021 and 2031. Driven by increasing applications of sorbitan esters in the food and beverage and personal care industry, the market valuation is forecast to top US$ 756.4 Mn in 2021.

Sorbitan esters are used as surfactants and solubilizers in cosmetics in a wide range of products including skin care products, eye makeup, cleansers, face creams, and other makeup, beauty, and personal care products.

They are also used as wetting agents and dispersants in cosmetic products, particularly in color cosmetics and sun care products. The accessibility of global brands and higher purchasing power worldwide is expected to drive sales of cosmetics products. As a result, demand for sorbitan esters is projected to increase at a steady pace over the forecast period.

Rising awareness regarding harmful effects of chemicals in food and personal care products is shifting consumers’ preference towards natural ingredients and organically sourced food products. This is compelling manufacturers to launch clean label products in the market, which in turn is boosting sales of sorbitan esters.

Increasing sales of ready-to-eat meals, packaged food products and personal care products with clean labelling will continue propelling sales of sorbitan esters in the forthcoming years.

Apart from this, sorbitan tristearate is widely utilized as a surface-active component in food and beverages to reduce viscosity. Increasing applications og sorbitan tristearate desserts, garnishes, jams, jellies, and marmalades is expected to spur demand for sorbitan esters in the confectionary sector.

In addition to this, growing utilization of sorbitan esters in cocoa and chocolate products is likely to boost demand for sorbitan esters.

“Increasing demand for sorbitan esters from the pharmaceutical, textile leather, and agriculture industries, coupled with new products launches by manufacturers to meet clean labeling criteria will continue augmenting growth of the global sorbitan esters market over the forecast period,” says an FMI analyst.

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Key Takeaways:

• The food and beverage processing segment is expected to account for 44.4% of the total sorbitan esters market share in 2021.
• Based on form, sales of liquid sorbitan esters are projected to grow at a 5.2% CAGR through 2031.
• The sorbitan tristearate segment is anticipated to account for 29.0% of the total sorbitan esters market share in 2021.
• In terms of grade, the food grade segment is expected to expand at a 5.3% CAGR through 2031.
• The U.S. is projected to account for 82.3% of the total North America sorbitan esters market share.
• Russia will continue exhibiting high demand for sorbitan esters, with sales growing at a 4.0% CAGR.
• Sales of sorbitan esters in Germany are projected to rise at a 4.6% CAGR through 2031.
• Sorbitan esters market in China is expected to expand at a 6.3% CAGR over the forecast period.
• India will emerge as a lucrative market, with sales growing at a healthy 7.4% CAGR through 2031.

Competitive Landscape

Some of the leading companies offering sorbitan esters are Mosselman s.a., Danisco, Penta Manufacturing Company, Merck KGaA, Union Derivan, S.A.,  Oleon N.V., Ivanhoe Industries, Inc., LEUNA-Tenside GmbH, Sabo S.p.A., SEPPIC, Ethox Chemicals, LLC, , Lasenor Emul, S.L., Vantage Specialty Chemicals, Inc., Lonza AG and others.

Key players operating in the global sorbitan esters market are investing in strategic collaborations, mergers and acquisitions to expand their production facilities and distribution networks. Apart from this, players are focusing on research and development to launch innovative and plant-based sorbitan esters to cater to a growing customer pool.

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More Insights into the Sorbitan Esters Market Report

By Product Type:

• Sorbitan Tristearate
• Sorbitan Monostearate
• Sorbitan Monooleate
• Sorbitan Trioleate
• Sorbitan Monopalmitate
• Sorbitan Monolaurate
• Sorbitan Sesquioleate

By Application:

• Cosmetics and Personal Care Products
  • Facial Care
  • Body Care
  • Others
• Food and Beverage Processing
  • Confectionery
  • Bakery
  • Oil and Fats
  • Non-alcoholic Beverages
  • Alcoholic Beverages
  • Soups, Sauces and Gravies
• Pharmaceuticals
• lubricants and Waxes
• Animal Nutrition and Pet Food
• Industrial
• Textiles

By Form:

• Liquid
• Solid/Powder
• Semisolid/Paste

By Grade:

• Food Grade
• Industrial Grade
• Pharmaceutical Grade

By Region:

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

About Food Market Division at FMI

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