Market Research Blog

Ready-to-use Therapeutic food market will grow at a steady CAGR through 2030, according to a new research by ESOMAR-certified firm Future Market Insights (FMI). The study opines that impact of COVID-19 on ready-to-use therapeutic food market will be moderate, and industry players can expect to see sustained growth throughout the forecast period.

Malnutrition is a serious problem impacting humanity today. According to the World Health Organization, nearly 50 million children worldwide are severely malnourished, while almost 500 million are overweight. Around 45% of deaths among children under 5 years are attributed to undernutrition.

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Key Takeaways

• MEA to emerge as a hotbed for RUTF manufacturers, owing to high incidence of malnutrition
• Drinkable therapeutic foods to enjoy massive popularity due to heightening nutritional supplements demand for infants
• UNICEF to remain a frontrunner due to its unwavering commitment to eradicate world hunger
• Sales of therapeutic nutritional supplements are likely to survive the COVID-19 pandemic

COVID-19 Impact Insights

The COVID-19 pandemic has amplified the risk of acute malnutrition among the poorest sections of the society. In the face of government-mandated shutdowns, millions of people have become unemployed, especially in the agriculture sector, thus disrupting critical nutrition enhancement programs.

The impact has been especially drastic across the developing and underdeveloped worlds. It is apprehended that severely malnourished children are at a dangerously high risk of contracting the novel coronavirus due to weakened immunity. The same is true for the geriatric population.

Hence, manufacturers are implementing several arrangements to ensure that the availability of ready-to-use therapeutic foods is not hampered. As a result, sales have largely been sustained throughout the course of the pandemic, and is expected to remain so in the future.

Ready-to-use Therapeutic Food Market Players

Market players are actively involved in developing and launching new nutrition enhancing formulations in various forms. In addition, these players are collaborating with governmental and non-governmental agencies to aid in effective distribution of ready-to-use therapeutic foods to the most severely impacted regions.

Prominent players within this landscape include: Nuflower Foods, GC Rieber Compact AS, Valid Nutrition, InnoFaso, Edesia Inc., Nutrivita Foods, Diva Nutritional Products, Insta Products Ltd., Mana Nutritive Aid Product Inc., Meds & Food for Kids Inc, Samil Industrial Co., Tabatchnick Fine Foods Inc., Amul India, and Société de Transformation Alimentaire.

Nuflower Foods, a prominent Indian nutritional foods manufacturer, markets the NutriFEEDO^® ready-to-use therapeutic food paste which is rich in energy and protein to alleviate Severe Acute Malnutrition (SAM). The product is specifically designed for malnourished children, and is easy to digest.

Similarly, GC Rieber Compact AS manufactures the eeZee20^TM which is a lipid based nutrient supplement for preventing malnutrition among children aged under 6 months, thus promoting healthy growth by preventing micronutrient deficiencies.

Enhancement of R&D capacities is another approach adopted by RUTF manufacturers. For instance, Nutrivita Foods has a robust research and development department dedicated to the development of effective nutrition enhancing foods. It has a strong ties with Nutriset for this purpose. It also partners with academic organizations to enhance its capabilities.

Ready-to-Use Therapeutic Food Market Key Segment

Type

• Solid
• Paste
• Drinkable Therapeutic Food

End User

• UNICEF
• WFP
• NGOs
• Others

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (France, Germany, Spain, U.K, Italy, BENELUX, Nordics, Russia, Poland & Rest of Europe)
• Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand and Rest of APAC)
• Middle East & Africa (GCC, North Africa, Tanzania, Ethiopia, Nigeria, Malawi, Kenya, South Africa & Rest of MEA)

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Key Questions Answered in the Report

Briefly outline the growth of ready-to-use therapeutic food market.

The global ready-to-use therapeutic food market is anticipated to register a double digit CAGR, crossing the US$ 300 Mn mark by 2020-end.

Which is the most popular ready-to-use therapeutic food?

According to FMI’s analysis, the drinkable foods segments is poised to experience maximum sales. Growth is underpinned by high incidence of infant malnutrition. Also, liquid supplements are easier to digest by young babies.

How will COVID-19 impact the market?

The COVID-19 pandemic has resulted in a major spike in ready-to-use therapeutic food products consumption. High degree of susceptibility to the infection due an already weakened immune system is expected to generate high demand therapeutic foods.

Which region is expected to be the most promising in the future?

The Middle East & Africa is slated to be a revenue hotspot, attributed to a high incidence of poverty and hunger which has ultimately ushered in high levels of malnutrition.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

A new study by Future Market Insights opines food authenticity market to grow at a steady pace through 2030. Adoption will be driven by growing consumer focus on food safety and growing clean label trend. FMI’s new study tracks food authenticity market in 20+ countries for the period 2020-2030.

According to the study, in recent years, access to pure and adulterant free foods has come under significant jeopardy. Widespread prevalence of food adulteration, mislabeling and undisclosed ingredient details have generate a massive furor amongst health conscious consumers as well as healthcare providers.

On an average, approximately 57% of the global population suffers from morbidities inflicted due to consumption of sub-standard and contaminated foodstuffs. Moreover, nearly 1/4^th of the world’s food supply is adulterated annually. Realizing this, countries have taken proactive steps to mitigate the adverse effects of food adulteration.

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Increasing consciousness among consumers has elevated the need for introducing clean-label, organic-based and naturally derived foods. Based on these developments, the global food authenticity market is all set to experience an impressive upsurge in the coming years.

Key Takeaways from FMI’s Food Authenticity Market Report

• Global food authenticity market is likely to expand at a noteworthy CAGR in the forthcoming decade
• Asia-Pacific to emerge as the fastest expanding region for food authenticity testing, attributed to a large population base
• High incidence of meat consumption to provide traction to meat speciation authenticity tests
• Economically Motivated Adulterations (EMA) compelling governments to impose tough legislations to keep food adulteration in check
• PCR-based tests are expected to retain their popularity due to quick delivery of test results
• Processed foods testing is expected to acquire surging popularity due to high demand

COVID-19 Impact Insights

The COVID-19 pandemic presents an exceptional and unprecedented challenge for competent authorities with responsibilities for national food safety control systems. As consumers resort to consuming health and immunity boosting foods, demand for clean-label products is rising exponentially.

While nationwide lockdowns and social distancing measures have limited laboratory testing capacities, it has not fully ceased as chances of food adulteration are maximum during this time period. Unscrupulous traders are prowling the market with the objective of flooding it with adulterated food products.

Thus, leading players have revised growth forecasts to demonstrate that the market is expected to remain afloat albeit at lower projections and reduced revenue margins. Growth is expected to be restored to normal levels in the post-pandemic scenario, once lockdowns are eased following a decline in infection rates.

Leading Food Authenticity Market Players

Some leading players in the global food authenticity market include ALS Ltd., EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs to name a few.

The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

ALS Ltd., for instance, offers a wide range of testing and analysis with respect to ascertaining food quality. Its food authenticity tests incorporate meat speciation through the ELISA/PCR testing techniques, halal verification and genetically modified foods. It also offers testing for detecting contaminants and allergens.

In May 2016, Intertek established its AgriTech laboratory in Hyderabad, India to perform DNA-based testing of various agricultural products. Simultaneously, the company unveiled its advanced ScanBi DNA technology.

Key Segments

Food Tested

• Meat & Meat Products
• Dairy & Dairy Products
• Processed Foods
• Other Food Tested

Target Testing

• Meat Speciation
• Country of Origin & Ageing
• Adulteration
• False Labelling

Technology

• PCR-Based
• Liquid Chromatography-Mass Spectrometry (LC-MS)
• Isotope
• Immunoassay Based/ELISA
• Other Technologies

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (Germany, Italy, France, U.K, Spain, BENELUX & Rest of Europe)
• South Asia (India, ASEAN & Rest of South Asia)
• East Asia (China, Japan & South Korea)
• Middle East & Africa (GCC, South Africa, Israel & Rest of MEA)
• Oceania (Australia & New Zealand)

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Key Questions Answered in the Report

• What are the growth prospects of food authenticity market?

The global food authenticity market is slated to record largely positive growth, experiencing a healthy CAGR throughout 2020-2030. Growth is primarily being underpinned by surging demand for clean-label and adulterant free foods across lucrative markets.

• Which is the largest market for food authenticity players?

Asia-Pacific is slated to emerge as the most lucrative revenue generator, attributed to a large population base. Majority of food testing demand is likely to be stimulated from China and India, the world’s most densely populated countries. This is because the prevalence of food adulteration is maximum across these countries.

• Who are the leading food authenticity market players?

Presently, the global food authenticity market is interspersed with the presence of the following market players: EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs. The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

While economic uncertainties due to COVID-19 pandemic is reflected in almost every industrial sector, globally, sales of customized premixes will skyrocket, as the pandemic has highlighted the need for healthy living.

According to Future Market Insights (FMI) global tracker, worldwide revenue of customized premix market will rise 6.37% year over year to US$ 8.8 Bn in 2020. Market players must capitalize on consumers’ ever-increasing focus on health to support healthy lifestyle for employees and shoppers.

Moreover, e-commerce has witnessed a surge as consumers are turning to online channels for grocery shopping – a rise that will be sustained post-COVID-19 pandemic.

Consumption of customized premixes will rise as consumers across the globe are viewing products and brands through a new lens amid the COVID-19 pandemic. Mega consumer trends such as ‘Healthy lifestyle’ are receiving huge spur as purchase decisions are increasingly hovering around nutritional profile of products and services.

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Consumers of all age groups, worldwide, are embracing healthier dietary regimens and putting more emphasis on ingredients, seeking functional ingredients and plant-sourced alternatives. The COVID-19 crisis is redefining customized premix market in real time, triggering long-term fundamental trends within few weeks.

Recent research by Accenture of over 3,000 consumers in 15 countries across five continents has revealed that 64% of individuals are increasingly emphasizing on reducing food wastage, while about 50% are making more health-centric decisions during grocery purchasing and will continue to follow the same going forward.

FMI indicates that these evolving trends will endure post COVID-19 lesson and will remain key long-term priorities among manufacturers as well as consumers.

Customized Premix Market – Competitive Intelligence

The global customized premix market is highly fragmented, characterized by several large-scale as well as medium- and small-scale players. Given rising competition, players are investing in production developments and innovations in order to improve their market position. For instance,

• Archer Daniels Midland (ADM) Company has rolled out new assembly of flours, which all-purpose flours, organic flours, and organic premium bread flours, with additional organic milled products.
• Karl Fazer has introduced two different bakery products – Fazer Kinuskimarenkileivos and Fazer Suklaamarenkileivos – in an effort to expand its product portfolio to meet requirements in bakery industry.

Key Segment

Ingredient Type

• Vitamin Premix
• Mineral Premix
• Nucleotides Premix
• Amino Acids Premix
• Enzymes
• Coccidiostats
• Probiotics
• Prebiotics
• Multigrain Premix
• Omega 3 Fatty Acids
• Excipients
• Gums
• Botanicals
• Sweeteners
• Flavours
• Proteins
• Color

Form

• Powder
• Liquid

Function

• Bone Health
• Immunity
• Digestion
• Energy
• Heart Health
• Weight Management
• Vision Health
• Brain Health & Memory
• Resistance
• Others

Application

• Food Sector
  • Early Life Nutrition/ Baby Food
  • Medical Nutrition
  • Sports Nutrition
  • Energy Drinks
  • Milk and Milk products
  • Bakery and Confectionery Products
  • Cereals & Snacks
  • Oils and fats
  • Staple foods (Flour, Salt and Rice)
• Dietary Supplements
• Pharma OTC Drugs
• Pet Food

Product Type

• Premix blends/ Direct-to-consumer Solutions
• Drum-to-hopper Formulations

Regional Outlook

• North America (US, and Canada)
• Latin America (Brazil, and Mexico)
• Europe (Germany, UK, Russia, France, and Italy)
• South Asia (India, Indonesia, and Thailand)
• East Asia (China, Japan, and South Korea)
• Oceania (Australia and New Zealand)
• Middle East & Africa (MEA) (Turkey, GCC Countries, and South Africa)

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Key Questions Answered in the Report

• How the market for customized premix is expected to shape up in coming ten years?

The global customized premix market size will value around US$ 17.9 Bn in 2030. Market revenue pool will expand 6.37% year over year in 2020.

• Which is the largest market for customized premixes?

North America and Europe represent the largest markets for customized premixes, globally, given heightening health concerns as well as strict regulatory norms regarding food fortification.

• How the competition is structured in global customized premix market?

The global customized premix market is highly fragmented with presence of various leading and emerging players including, Archer Daniel Midland Company, AQC Chem Lab (P) Ltd, and Barentz International B.V..

• Which product type will remain high in demand in global customized premix market?

Among various product types, demand for premix blends will remain high over decade ahead in global customized premix market. However, market players are also tapping into direct-to-consumer solutions to ensure relevant returns.

• Which application will remain highly profitable for players in global customized premix market?

Market players are reaping substantial revenue from food sector. Under the application category, usage of customized premixes will remain prominent in bakery and confectionery products and cereals & snacks.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

The global demand for vegan protein powders has risen strongly in 2020, even though the coronavirus pandemic has impacted the market marginally owing to lockdown measures. The prospects of the industry are positive through 2027 as per a recent study by Future Market Insights (FMI). The report has indicated that the market will witness promising growth in the near future, with demand for nutraceutical and supplements during the pandemic.

In a report by FMI, it is stated that vegan protein powders based out of natural sources such as soy and pea will remain highly sought after for applications in the food and beverage processing sector, and also in health and wellness products. Direct sales approaches have proven more fruitful, with consumers choosing to use company websites for better deals on purchases.

The vegan protein powder market displays strong growth on account of health concerns over meat consumption and growing awareness about the ethics of animal farming. Also, the wider range of product flavours and investments towards product functionality in muscle repair, and maintenance for fitness enthusiasts will aid the market for the foreseeable future.

While sales of vegan protein powders are gaining ground rapidly, consumer preference for animal-based products, lack of clean label certifications, and poor consumer awareness in developing countries are obstacles for players in the industry.

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The report by FMI offers an exhaustive overview, covering critical market dynamics. Some of the major takeaways from the study include:

• Market is estimated at 4.7 billion in 2020, with demand rising steadily during the coronavirus pandemic
• Soy-based vegan protein powders remain highly sought after owing to higher product awareness and visibility
• Food processing applications of vegan protein powder witnessing strong demand owing to demand for functional foods and beverages
• Sales in the North America are critical to market development, owing to extensive applications in sports nutrition applications. However, South Asia & Oceania is displaying lucrative growth opportunities for market players with a vast vegan and vegetarian population base

Covid-19 Impact on Vegan Protein Powder Market

The demand for vegan protein powders is expected to be marginally impacted by the coronavirus pandemic. The industry is likely to face minor supply chain interruptions during this period, owing to lockdown restrictions affecting transport and logistics.

On the other hand, the demand for functional foods and nutraceuticals during this period will positively affect the market. Online sales are likely to witness an increase, even as small retailers are forced to temporarily shut operations.

On the other hand, the effects of the pandemic on the agriculture sector will have an important effect on market development, as viral transmission among farm laborers remain a concern.

Who is Winning?

In the study, FMI has analyzed the various business strategies being used by major companies in the vegan protein powder market. Leading market players are emphasizing widening their product portfolio with product development products in addition to capacity expansion and geographic expansion through industry collaboration for stronger distribution networks.

Some of the key players in the market include Archer Daniels Midland Company, AGT Food and Ingredients, Cargill Inc., A&B Ingredients, Ingredion Inc., The Scoular Company, Green Lab LLC, Kerry Group, and Roquette Freres among others.

Vegan Protein Powder market Segmentation

Source

• Soy
• Wheat
• Pea
• Others

Flavors

• Unflavored
• Chocolate
• Vanilla
• Strawberry
• Blueberry
• Others

Application

• Food Processing
• Nutritional Products
• Animal Feed
• Household (Retail)
• Others

Distribution Channel

• Direct Sales
• Hypermarkets/Supermarkets
• Specialty Stores
• Pharmacy & Drug Stores
• Online Stores
• Others

Regional Outlook

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Peru, Argentina, Chile, Rest of LATAM)
• Europe (EU-4, U.K., BENELUX, Nordics, Eastern Europe, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia, Rest of South Asia & Oceania)
• Middle East & Africa (GCC Countries, Northern Africa, South Africa, Turkey, Rest of MEA)

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Key Questions Answered in the Report

• What is the size of the vegan protein powder market?

The global vegan protein powder market is estimated to have reached a value of US$ 4.4 billion in 2020. The industry will rise at a 6.6% CAGR between 2019 and 2027.

• Which is the largest market for vegan protein powder?

North America is the leading market for vegan protein powders. Growing levels of health consciousness among consumers and the expansion of vegan populations aid market growth.

• Which are the top companies in vegan protein powder market?

Some of the leading companies operating in the market are Archer Daniels Midland Company, AGT Food and Ingredients, Cargill Inc., A&B Ingredients, Ingredion Inc., The Scoular Company, and The Kerry Group among others.

• What are the applications of vegan protein powder?

Vegan protein powders are finding use in the food and beverages sector, and is popular among people suffering from allergies. Vegan protein powders are also increasingly playing roles in animal feedstock formulations to keep up with consumer biases.

• From what materials are vegan protein powders sourced?

Vegan protein powders are extracted from three major plant sources. These include soy, wheat, and peas. Of these, soy protein powders are highly popular and are estimated to account for more than 50% of the overall market share by 2027.

• Will South Asia & Oceania exhibit higher demand for vegan protein powder?

Countries in South Asia and Oceania are potentially lucrative markets for vegan protein powder manufacturers. The rise in health awareness coupled with a substantial vegan and vegetarian population in the region drives growth.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

Rising awareness regarding the health benefits of chickpea protein, coupled with increased health consciousness among people is propelling demand for chickpea protein. Moreover, the growing trend of veganism across the world, especially in developed economies, is poised to remain a critical factor driving the growth of the market. Chickpea protein aids in diabetes management by preventing the blood sugar levels from suddenly rising after consuming food. Furthermore, they bolster in controlling weight by swiftly burning calories during the digestion process.

Backed by its rich nutritional profile, chickpea protein also finds adoption among athletes to build muscle mass, making sports nutrition a lucrative segment for chickpea protein. Moreover, chickpea protein is labeled non-GMO plant-based protein, making it a fitting source of post-workout nutrition for athletes. When compared to other animal or vegetable-based ingredients, chickpea protein aids in proper maintenance, repair, and growth of both human and animal muscles, thus making it an ideal ingredient in the production of pet food.

Along similar lines, rising concerns regarding animal welfare and adverse health effects among consumers is asserting food product manufacturers to seek substitutes for meat-based ingredients. On this premise, chickpea protein has emerged as the ideal alternative for animal-based ingredients in the food processing, nutraceuticals, and sports supplement sectors

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Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global chickpea protein market will grow in value at a CAGR of ~5.1% between 2020 and 2030. Some of the key takeaways from the report include:

• The global chickpea protein market is forecasted to surge past valuation of US$ 142.4 Mn by the end of the assessment period
• By processing type, dry processing is projected to account for over 2/3rd of market share, owing to the low amount of energy and resources required
• Based on product type, protein isolates and protein concentrates account for the majority of the market share, accounting for near-equal proportions, with the former holding a slight edge
• Among end users, the food processing sector will hold over 66% of market value, while sports nutrition and nutraceutical sectors progress at higher growth
• Based on nature, conventional chickpea protein will remain the most sought-out type through the forecast period
• North America and Europe will collectively account for nearly 70% of total market share, ascribed to the presence of a large vegan and vegetarian population bases

COVID-19 Impact on Chickpea Protein Market

The outbreak of COVID-19 is expected to exhibit a dual impact on the growth trajectory of the chickpea protein market. As concerns regarding health surge across the world, consumers are actively seeking healthy food products, which is expected to boost the consumption of chickpea protein. However, operations in the food processing sector – the largest consumer of chickpea protein – have come to a screeching halt, leading to a downfall in demand. However, the demand for healthy, dairy-free food in Europe, where normality in the food sector is gradually returning post-pandemic, is likely to alleviate the challenge to an extent.

Who is Winning?

Key players operating in the market are leveraging the demand among a widening base of the vegan and vegetarian population, and are working on expanding their production capacities. To achieve the same, players are securing investment from governments and other players. On these lines:

• In April 2020, an Israel-based organization named InnovoPro raised US$ 15 million funding round by Jerusalem Venture Partners with participation from CPT Capital to boost the chickpea protein production.
• Also in April 2020, The Growthwell Group, a Singapore-based plant protein manufacturer, raised US$ 8 million funds from the Singapore government and other investors which includes Temasek, Insignia Ventures, DSG Consumer Partners, and Genesis Ventures. The funds will be used to build a new manufacturing facility.

FMI’s report includes profiles of some of the most prominent names in the market including Batory Foods, Ingredion Inc., Archer Daniels Midland Company, PLT Health Solutions, Chickplease, Cambridge Commodities Ltd, AGT Food and Ingredients, Nutraonly (Xi’an) Nutritions Inc., Chick.P, and InnovoPro

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To Know More About Chickpea protein Market

A new market research report published by Future Market Insights (FMI) on the global foley catheters market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through four different segments – product, nature, processing type, end-use, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

According to Future Market Insights, the frozen pizza market size is forecast to reach US$ 18.32 Bn in 2021. The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.

Frozen pizzas are prepared with a wide range of toppings including vegetables and meat covering both health and taste requirements. They are commonly sold as ready to cook food products.

The rising working population and craving for instant snacks are driving the frozen pizza market. Frozen pizza is sold via store-based retailing including convenience stores, discounters, forecourt retailers, hypermarkets, supermarkets, food specialist and online retail platforms.

Additionally, consumers desire food items that are easier to transport while having a longer shelf life. Fast-paced lifestyles have influenced consumers to seek ready-to-eat foods. Consumers are willing to pay a premium price for products obtained from organic and authentic sources. Producers of frozen pizza are consequently pushed to provide detailed information through labels.

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Consumers are hesitant to buy frozen products owing to concerns over processed ingredients. By providing accurate information about the additives used in FDA-approved frozen foods, manufacturers can gain consumer confidence and long-term brand loyalty.

Key Takeaways from the Frozen Pizza Market Study:

• The U.S. is a leader in the frozen pizza market, accounting for 80.9% of the North America market in 2021, supported by favourable consumer purchase patterns.
• Italy holds the lead in the Europe market with a share of nearly 16%, owing to growing consumption as a staple food.
• Brazil accounts for over 32% of the Latin America market in 2021, aided by favorable changes in consumer cuisine preferences.
• Thin crust pizza accounts for a market share of 63.3% in 2021, owing to the preference for low-calorie products.
• Meat toppings are anticipated to witness lucrative growth with a CAGR of 6.8%, supported by a relatively large meat-eating consumer base.

Who is winning?

Frozen pizza manufacturers are working on development of offerings that mimic freshly prepared pizza with lower calorie and fat content. In addition, manufacturers are focused on R&D to meet consumer demands in established and emerging markets.

While focusing on online retailing amid the pandemic, consumers are choosing from a wide range of products. Producers are promoting internet commerce to expand distribution in previously untapped markets.

Some of the leading companies offering frozen pizza include Frozen Specialties Inc., Nestle S.A., Jubilant Foodworks Limited, Oetker GmbH, Convenio, Foods Pvt. Ltd, Daiya Foods Inc., Giovanni’s frozen pizza, Monte Pizza Crust B.V, General Mills Inc, McCain Foods Ltd, Dr., Connies Pizza, Conagra Brands, Inc. and others.

Frozen Pizza Market by Category

By crust type, frozen pizza market is segmented as:

• Thin Crust
• Thick Crust
• Stuffed Crust

By toppings, frozen pizza market is segmented as:

• Cheese
• Meat
• Fruits and Vegetables
• Others

By sales channel, frozen pizza market is segmented as:

• Store based Retailing
  • Convenience Stores
  • Discounters
  • Forecourt Retailers
  • Hypermarkets
  • Supermarkets
  • Food Specialist
• Online Retail

By size type, frozen pizza market is segmented as:

• Small
• Medium
• Large

By region, frozen pizza market is segmented as:

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

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Key Questions Answered in the Report

• What is the current valuation of the frozen pizza market?

The frozen pizza market is projected to surpass a valuation of US$ 18.3 Bn by 2021 end.

• At what rate did the frozen pizza market expand in the last 5 years?

The frozen pizza market exhibited steady growth at a CAGR of 4.8% in the last five years from 2016 to 2020.

• What is the frozen pizza market demand outlook?

The frozen pizza market is expected to register steady growth amid the COVID-19 pandemic in 2020. The market will register a CAGR of 6% between 2021 and 2031.

• What are the key trends prevailing in the frozen pizza market?

Leading frozen pizza manufacturers are focusing on product launches and flavor options. Also, there is a growing focus on nutrition and health including low fat and low-calorie options in the country.

• What are the key factors driving the sales of frozen pizzas?

Increasing demand for frozen convenience foods, improvements in recipes and frozen food storage and transport technology improvements are factors boosting frozen pizza sales.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
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The encapsulated flavors and fragrances market worth will total US$ 6.3 billion in 2021, according to Future Market Insights (FMI). Growing at a healthy CAGR of 5.9% for 2021-31, the market is expected to reach US$ 11.2 billion by 2031. Encapsulation processes create functional qualities including the controlled release of aromatic molecules in specific environments. Encapsulated flavors and fragrances are used as excipients in the food and beverage, cosmetics, and personal care sectors for preserving products for long-term use.

Purity, granulation, average molecular weight, colour, and solubility determine the grade of encapsulated products. The wide multi-functional benefits of encapsulated flavours and fragrances are aiding the growth of the global market.

High levels of investments in research and development by key players, particularly in the developed countries, are expected to boost consumption. Another factor driving the market’s growth is the rising demand for functional foods.

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Additionally, manufacturers are using technologies such as spray-drying, which is the most commonly used method in the industry. The emphasis on health and wellness has risen by leaps and bounds.

Healthy drinks with vitamins and natural flavors are becoming popular among consumers. Flavour encapsulation is preferred to chemically synthesized equivalents. Consequently, it is used on fruit and vegetable ingredients without compromising nutritional content. As a result, encapsulated flavour manufacturers have great opportunities to partner with beverage manufacturers and supply encapsulated flavors for health drinks and more.

Key Takeaways from the Encapsulated Flavours and Fragrances Market Study:

• Micro-encapsulation accounted for a market share of 72.9% in 2021 driven by superior functional efficacy and diverse applications.
• Cyclodextrin is anticipated to witness a lucrative growth rate at a CAGR of 9.1%, supported by the growing popularity of prebiotics.
• Germany holds the lead and will account for 24% share in the Europe market in 2021, however, it is registering sluggish growth owing to saturation in the country.
• The U.S. will hold over 88% of the North America market by the end of 2031, driven by demand from matured food and chemical processing sectors.
• South Korea registers the highest growth rate in East Asia at 8% CAGR, supported by demand from the cosmetic, personal care, and pharmaceutical sectors in the country.

Who is Winning?

Encapsulated flavors and fragrances manufacturers are working on delivering unique items to the market to reach a larger customer base. Manufacturers are also working on research and development to meet rising consumer expectations in both existing and emerging markets. Additionally, manufacturers are also focusing on online retailing in the pandemic through various E-commerce websites.

Some of the leading companies offering encapsulated flavours and fragrances are ADM, Cargill Inc, Firmenich Incorporated, Givaudan, Ingredion Incorporated, International Flavours and Fragrances (IFF), Kerry Group, Royal DSM, Sensient Technologies, Symrise AG, Tate & Lyle PLC and others.

Encapsulated Flavors and Fragrances Market by Category

By Product Type:

• Flavour Blends
• Fragrance Blends
• Essential Oils & Natural Extracts
• Aroma Chemicals

By Technology:

• Mechanical
  • Emulsification
  • Spray Drying
  • Spray-Chilling/Cooling
  • Fluidised-Bed Coating
  • Centrifugal Extrusion
• Others
  • Chemical
  • Coacervation
  • Freeze Drying
  • Supercritical Fluid Technique
  • Nano Precipitation
  • Liposomes
• Others

By Wall Material

• Maltodextrin (DE<20)
• Corn syrup solid (DE>20)
• Modified cellulose
• Gum Arabic
• Modified starch
• Gelatin
• Cyclodextrin
• Lecithin
• Whey protein
• Hydrogenated fat
• Others

By End-use:

• Consumer Goods
  • Laundry detergents
  • Fabric softeners and scent boosters
  • Household Care
  • Deodorants
  • Oral Care
  • Skin Cleansing & Care
  • Hair Care (shampoo & conditioner)
• Food and Beverage
  • Chewing gum
  • Baked Foods
  • Confectionery
  • Dairy Products
  • Instant Desserts (Frozen Food)
  • Food Flavors (Snack Food, Cereal, Oatmeal, etc.)
  • Beverage & Instant Drinks & Tea
  • Others (Prepared Dishes, etc.)

By Encapsulated Form:

• Powder
• Paste
• Granules

By Process:

• Micro-encapsulation
• Nano-encapsulation
• Hybrid-encapsulation
• Macro-encapsulation

By Region:

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

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Key Questions Answered in the Report

• What is encapsulated flavors and fragrances market size?

The overall encapsulated flavors and fragrances market is projected to surpass US$ 6.3 Bn in 2021.

• At what rate did the encapsulated flavors and fragrances market grow in the last five years?

Demand in the encapsulated flavors and fragrances market increased at 4.5% CAGR between 2016 and 2020.

• What are the key trends shaping the encapsulated flavors and fragrances market?

Market players are likely to focus on nano-encapsulation technologies. Cost-effective mechanical encapsulation solutions will remain important in the market.

• Which countries are key producers of encapsulated flavors and fragrances?

The U.S., Germany, U.K., France, and Switzerland are the leading producers of encapsulated flavors and fragrances products.

• What are the key statistics for encapsulated flavors and fragrances market in Japan and South Korea?

Encapsulated flavors and fragrances solutions in Japan and South Korea are expected to hold a 5.2% and 8% CAGR through 2031, respectively.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

The citrus fiber market revenue totaled US$ 110.0 Million in 2021, according to Future Market Insights. Exhibiting a CAGR of 5.2% for 2021-31, the citrus fiber market is expected to reach US$ 184.9 Million by 2031.

Amid soaring competition, the top five players, comprising CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont are expected to account for 41% of citrus fiber market in 2021.

Citrus fiber is often regarded as a neutral-tasting food additive that can extend the shelf life of food products. Under FDA regulations, prohibited food additives including hydrocolloids, phosphates, carrageenan, and others can be successfully replaced by citrus fiber components.

To appeal to the world’s rising health-conscious consumer base, food manufacturers are proactively working on adding citrus fiber ingredients in the production of fat-free edibles.

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In recent years, the demand for dietary fiber has grown significantly. Citrus fruits have received increasing attention from several dietary fiber manufacturers from fruit source. Citrus fruits such as orange, grapefruit, lemon and tangerines/ mandarins are rich sources of dietary fibers with a well-balanced proportion of soluble and insoluble fibers.

Key Takeaways from the Citrus Fiber Market Study

• Food grade citrus fiber will account for 59.6% of the market in 2021, largely driven by applications as additive in the processed food industry.
• Personal care applications will grow at above 8% CAGR aided by clean label trends sweeping       the industry.
• Germany will hold the lead in the Europe market, accounting for over 18% of the value share in 2021, with the growth in the local feed industry.
• The U.S. will hold over 90% of the North America market in 2021, supported by the presence of a matured food processing sector.
• China, driven by a large consumer base, will account for over 55% of the East Asia market through the end of 2031.

Who is Winning?

Citrus fiber is primarily consumed as a functional ingredient in food and beverages, animal feed, pharmaceutical, and cosmetic industries. Emerging countries such as India, China, Indonesia, and Brazil are showing lucrative growth in food, pharma, and cosmetics applications.

Major players in the market are focusing on capacity and geographical expansion strategies in addition to collaborations with local players to bolsters production and distribution operations in untapped markets.

Some of the leading companies offering citrus fiber are Fiberstar, Inc., CEAMSA, CP Kelco, Inc., Herbafoods Ingredients GmbH, Florida Food Products, Inc., Lemont, Golden Health, FUYAN PHARM (Henan), Inc., Nans Products, and Cifal Herbal Private Ltd., among others.

Citrus Fiber Market by Category

By Grade:

• Food Grade
• Pharmaceutical Grade
• Cosmetic Grade

By Source:

• Orange
• Tangerine/Mandarins
• Grapefruit
• Lemons and Lime

By Application:

• Bakery
• Desserts and Ice-cream
• Sauces & Seasonings
• Meat & Egg Replacement
• Beverages
• Flavorings & Coatings
• Snacks & Meals
• Personal Care
• Pharmaceutical
• Other Application

By Function:

• Water Binder & Fat Replacer
• Thickening Gums
• Gelling Gums
• Others

By Region:

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

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Key Questions Answered in the Report

• What is citrus fiber market size?

The overall citrus fiber market is projected to surpass US$ 111 Mn in 2021.

• At what rate did the citrus fiber market grow in the last five years?

Demand in the citrus fiber market increased at 4.3% CAGR between 2016 and 2020.

• What are the key trends shaping the citrus fiber market?

Market players are likely to focus on exploring potential new applications for previously untapped revenue streams.

• What is the share of the leading citrus fiber companies?

Leading citrus fiber companies include CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont, who cumulatively account for 41% of the market.

• At what rate will the demand rise in the Europe citrus fiber market?

The Europe citrus fiber market is expected to rise at a CAGR of 4.1% between 2021 and 2031.

• Which are the top five countries driving citrus fiber market demand?

Leading countries driving demand in the citrus fiber market are the U.S., Germany, China, France, and the U.K.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

According Future Market Insights analysis, frozen mackerel market is set to expand at 5.8% CAGR between 2021 and 2031. COVID-19 spurred a surge in demand as consumers exhibited higher inclination for healthy eating.

Driven by this, frozen mackerel sales grew by 5% between 2020 and 2021. Against this backdrop, FMI projects the frozen mackerel market valuation to surpass US$ 1.05 Bn in 2021.

The demand for frozen mackerel derived from aquaculture will continue rising, propelled by its high yield at low cost. Despite this, wild catch is expected to account for over 55% of frozen mackerel sourced by 2031.

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Food service applications are among the fastest growing sales channels for frozen mackerel. Over 75% of seafood consumers, from millennials to baby boomers felt the need for consuming sustainable food. Owing to this, the demand for seafood derived from well-managed sources rather than oceans has grown.

This indicates the readiness of the seafood consumers to accept the change of sources of their food, which also is reflected in their eating habits. Using frozen mackerel also helps restaurants in maintaining menu transparency, thereby aiding their growth. Spurred by these factors, frozen mackerel sales will continue rising through the course of the forecast period.

Key Takeaways from the Frozen Mackerel Market Study

• Horse mackerel will continue leading the market with a share of 55% in 2021. Their easier availability in larger stocks will aid expansion in this segment.
• Whole round mackerel products dominates as top-selling type. It will account with a share of 39% in the year 2021, driven by advantages in logistics and shelf life.
• Inclusion of mackerel in menus, rising disposable income, and increasing awareness about health benefits are driving sales in the U.S. frozen mackerel market. It is estimated to be valued US$ 35.6 Mn in the year 2021.
• China will a value share of 42.9% in East Asia market in 2021. However, it is expected to lose ground to Japan and South Korea in East Asia by the end of 2031.
• Thailand will hold over 30% of the South Asia market in 2021, reflecting growth at a CAGR of 6.4% through the end of the assessment period.

Organic Frozen Mackerel Gaining Traction

Increasing awareness regarding health and wellness is increasing scope for expansion across the globe. Consumers are becoming cautious about ingredients used as well as the source of ingredients in food products. The addition of chemicals or additives, has become a matter of concern as consumers are at wary of adverse reactions.

Consequently, they are exhibiting greater preference for natural and organic products. The production of organic frozen mackerel is limited. Products that are chemical-free, all natural, or organic are increasingly in demand, especially in the U.S. and Europe markets.

Organic and chemical-free mackerel is at new in the frozen product portfolio and is found to be beneficial for health. Driven by this, manufacturers are focusing on certifications to help gain the trust of consumers and offer greater transparency regarding ingredients used.

Who is Winning?

Frozen seafood products account for almost one third of all seafood consumed worldwide, with finfish accounting for slightly more than half of all fresh and frozen items. Players in the frozen mackerel market are striving to develop novel product offering for ready-to-cook frozen mackerel with products like skinless and boneless fillets of frozen mackerel.

Some of the leading companies offering Frozen Mackerel are Ocean Treasure, Kihada Fisheries Co., Ltd, Seven Star Ocean Fisheries Limited, Pinetree Vietnam Company Limited, Subo International Holland, Oman Fisheries Co.S.A.O.G, LONGSHENG AQUATIC PRODUCTS CO.,LTD, Lotana LV LTD, DAISUI CO.,LTD, SARMA FISH S.A.R.L and other.

Frozen Mackerel Market by Category

By Species

• Horse
• Pacific

By Source

• Wild Catch
• Aquaculture

By Type

• Whole Round
• HGT
• Fillet
• Others (flap,Etc)

By Sales channel

• Direct Sales
• Retail Sales
  • Modern Trade
  • Convenience Stores
  • Specialty Food Stores
  • Wholesale Stores
  • Discount Stores
  • Online Retail
  • Other Retail Formats

By Application

• Food Industry
• Pharmaceutical Industry
• Animal Feed
• Pet Food
• Food Service
• Retail

By Region

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

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Key Questions Answered in the Report

• What is frozen mackerel market size?

Driven by sustainable fishing and consumer health concerns, the global frozen mackerel market is likely to value US$ 1,054.1 Mn in 2021 and it is expected to reach US$ 1,858.0 Mn in 2031.

• At what rate did the frozen mackerel market expand in the last five years?

According to FMI’s analysis, frozen mackerel sales have grown at 4.4% CAGR between 2016 and 2020.The market’s valuation stood at over US$ 1 Bn in 2020.

• What are the key trends shaping the frozen mackerel market?

There is increasing focus on sustainable fishing and aquaculture in the market. Companies are currently focusing on the logistics for frozen foods. Besides this, marketing efforts and different cuts and flavorings are gaining traction.

• What are the key factors driving frozen mackerel market demand?

Key factors fuelling the demand for frozen mackerel include better yield from selective breeding programs, increasing consumption of protein-based food products, and health benefits associated with consumption of mackerel.

• What is the cumulative share of top five companies in the frozen mackerel market?

According to FMI analysis, over 5% of the market share is covered by Ocean Treasure, Kihada Fisheries Co., Ltd, Subo International Holland, Seven Star Ocean Fisheries Limited, and Pinetree Vietnam Company Limited.

• Which are the key exporting countries of frozen mackerel?

China, Japan, Norway, Denmark, and Mauritania are the key exporters of frozen mackerel.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com