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The global beverage emulsion market is expected to experience significant slowdown in the near-term forecast, rendering future outlook highly stagnant, concludes ESOMAR-certified Future Market Insights (FMI) in its recent publication.

As infection cases experience a resurgence in several regions, governments are reimposing lockdowns, leading to cessation of business activities. This is bound to impact short-term outlook for beverage emulsion products and solutions.

On the bright, however, companies are investing in innovative emulsion technological solutions, paving way for increased research and development prospects in the forthcoming forecast period.

Key Takeaways

• North America to retain lucrativeness, Asia-Pacific to be fastest growing market
• Non-alcoholic beverages, excluding carbonated drinks, likely to leverage maximum beverage emulsion solutions
• Cloud based emulsion techniques to acquire maximum traction by emulsion type through 2030
• Xanthan gum based emulsions to account for credible share in the market

“Healthy drinking trends have prompted consumers to opt for healthier and functional beverages such as plant-based waters and kombucha, providing an opportunity for vendors to introduce specific emulsion solutions,” comments the FMI analyst.

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COVID-19 Impact Insights

The novel coronavirus pandemic is likely to impede the beverage emulsion market growth until 2021, owing to the fears of an incoming second wave of infections, which is likely to compel countries to re-impose nationwide lockdowns, leading to shuttering of industries and businesses.

According to the Scientific Advisory Group for Emergencies (SAGE), the second wave of COVID-19 infections is likely to result in much higher casualties. While deaths will peak at much lower levels compared to the first wave, the number shall prevail for several months.

While these projections may be hypothetical, manufacturers are taking cognizance and strengthening their distribution networks and supply chains so as to offset any further recessionary impact. However, the rate of recovery in the post-pandemic scenario is likely to remain moderate.

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Competitive Intelligence

Prominent vendors within the global beverage emulsion landscape rely on collaborations, acquisitions, technological innovations and new product launches to remain afloat in the market.

Some leading players in the beverage emulsion market include Dohler GmbH, Cargill Inc., Sensient Technologies Corporation, Givaudan SA, Archer-Daniels Midland Company, International Flavors & Fragrances, Kerry Group, CHr Hansen A/S, DuPont, Ingredion Incorporated, Tatel & Lyle PLC, CP Kelco and Ashland Inc.

Since 2017, Dohler GmbH has been working in conjunction with Fraunhofer Society to ensure complete food safety. With respect to the beverages sector, the company offers the Dohler Microsafety Design solution for detecting microorganisms in different beverages.

In August 2020, Cargill Foods Inc., announced a US$ 15 billion investment with respect to a new bio industrial plant, comprising of an annual capacity worth 35,000 tons in Kurkumbh, Maharashtra and will be made available to dairy farmers in and around the region.

More Insights on FMI’s Beverage Emulsion Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global beverage emulsion market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the beverage emulsion market on the basis of source (xanthan gum, pectin, carboxymethyl cellulose, carrageenan, gellan gum, gum Arabic and modified starch), emulsion type (color emulsion, flavor emulsion, cloud emulsion, and vitamin emulsion) and application (non-alcoholic & alcoholic drinks) across seven prominent regions.

The global sales of laser safety glass are projected to reach 6.3 Mn units by the end of 2028, which translates into a robust 10% volume CAGR during the forecast period (2022-2028). A new Future Market Insights (FMI) report says that sales of laser safety glass are primarily driven by the growing usage of laser machines across end-use sectors.

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In a newly published report, Future Market Insights (FMI) has provided an exhaustive analysis of the juice concentrate market. The study estimates global juice concentrate market to hit a multi-billion-dollar valuation by 2032-end.

Juice concentrate manufacturers are leveraging rapidly growing consumer interest in natural and organic foods and beverages to expand their product portfolios. Juice concentrate products are often processed to maintain nutrient levels and to bolster shelf life. Filtration, pasteurization, and evaporation processes in addition to reduced space requirements for logistics are likely to aid market developments in the near future.

The growing cases of lifestyle-based ailments such as obesity, diabetes, and cardiovascular disease in addition to increasing health awareness among consumers is also bolstering the use of juice concentrate as a substitute for sugar in a number of food and beverage formulations. Increased consumption of functional and ready-to-drink beverages also contribute to uptake in the industry.

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Key Takeaways from FMI’s Juice Concentrate Market Report Global juice concentrate market to grow at a healthy CAGR through 2032. Asia Pacific to reflect strong growth rate, North America to hold lead in short term market prospects. Fruit based concentrates to witness relatively higher sales, driven by the demand in functional food and beverage production, and stockpiling behavior by consumers during the covid-19 outbreak. Leading players are exploring flavor and nutrition combinations in concentrate formulations to appeal to a wider consumer base. Cosmetics and personal care application to witness growth owing to demand for demand for clean label formulations.

“Beverage manufacturers are making use of juice concentrates from sources such as grapes, guavas and apples, in alcoholic beverage formulations including spirits, ciders, and beer, with the aim of reducing weight and volume of beverage formulations, creating lucrative opportunities for market players in the long term,” said an FMI analyst.

Covid-19 Impact Insights

The covid-19 pandemic has generated lucrative opportunities for the juice concentrate market players. Food and beverage manufacturers are focused on the development and sales of immunity-boosting products, as consumers seek healthy options for in-home consumption. Demand is likely to continue growing even as restrictions are gradually imposed by government bodies.

Despite the economic disturbances created by the pandemic, the demand for ready-to-eat and ready-to-drink foods and beverages will remain strong. On the other hand, lockdown restrictions on the food service industry could hold back short-term prospects to an extent, influencing the requirements for juice concentrates in the near future.

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Competitive Landscape

Major players in the juice concentrate market include Carotex Flavors, Citromax, Iprona SpA, Louis Dreyfus Company, The Ciatti Company, Kanegrade Ltd., SkyPeople Fruit Juice Inc., Bell Flavors & Fragrances, SVZ International B.V., AGRANA Investment Corp., FruitSmart, Sudzucker AG, Ingredion Inc. and Northwest Naturals LLC.

Expansion of product portfolios, with new product launches, in addition to strategic mergers and acquisitions are some of the more prominent strategies employed by companies to consolidate their position in the juice concentrate market.

In June 2022, Vie-Del announced the acquisition of Constellation Brand’s grape juice concentrate business including the MegaNatural product line to expand on its production capacities.

In September 2022 Milne Fruit Products Inc. announced the acquisition of Valley Processing including assets of juice and puree production, and cold storage facilities in Sunnyside Washington.

Also, Florida Food Products has revealed the acquisition of Amelia Bay LLC in August 2022, which will bolster the company’s position in terms of clean label ingredients including juice concentrates for the health are wellness market.

More Valuable Insights on the Juice Concentrate Market

In its latest report, Future Market Insights has provided a detailed analysis of the global juice concentrate market, with scrutiny on the basis of historical demand in the period 2015 – 2019, and data on forecast for 2020 to 2030. The report encompasses growth projections on the juice concentrate market in terms of product type (vegetables and fruits), form (powder and liquid), and end use (food & beverage, dietary supplements, cosmetics & personal care industry, and others), across seven key regions.

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.

A new report published recently by Future Market Insights has projected the global sugar alcohol market to witness sustained opportunities in the bakery segment. Demand for convenience foods and beverages is expected to positively affect growth, in spite of the ongoing threat from the coronavirus pandemic.

With the growth in urban population, and easy availability of processed foods and beverages, the need for sugar alcohol products has been growing steadily. Ranging from food & beverage applications such as bakery and dairy, and robust supply chains sugar alcohol is being used extensively to also improve on product shelf life.

On the other hand, growing consumer health awareness has resulted in a transition from conventional offerings towards low-calorie, healthy alternatives in the industry, which is having a positive influence on adoption, even in niche pharmaceutical applications.

Key Takeaways

• Xylitol sugar alcohol products to find greater adoption rates, owing to confectionary consumption.
• Erythritol variants to gain ground as sweetening agents, attributed to low-calorie characteristics.
• Bakery product applications as preservatives are expected to gain application with higher consumption of ready-to-eat foods.
• Beverage production to register increased use of sugar alcohols in the period 2020 to 2030.
• Asia-Pacific, led by China is reflecting faster than average growth, Europe likely to retain lead in the market.

“While food and beverage manufacturers continue to use artificial sweeteners, consumers continue to seek healthy alternatives, which in turn has bolstered the demand for polyols, which provides consumers sweet flavorings in addition to nutritive benefits, which will drive demand in the industry for the foreseeable future,” says an FMI analyst

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Covid-19 Impact Insights

As the coronavirus pandemic continues to hold the global economy in its grip, the potential for recession is high. With food and beverage production being hit by lockdown, especially in the processed foods sector, the sugar alcohol market is expected to be moderately impacted during this period.

The use of sugar alcohols in the production of hygiene products such as hand sanitizers will drive demand during the crisis period, which can be attributed to the largely number of patients, and high-levels of contagiousness of the virus. Applications in the pharma sector are also likely to witness an uptick.

On the other hand, the use of sugar alcohol in the food and beverage sector is likely to fall during the pandemic owing to increased spending on essentials and ready-to-eat foods, while the demand for confectionary and baked goods has slumped.

Competitive Landscape

The global sugar alcohol market is largely fragmented with the presence of many international and regional manufacturers, which has created a competitive market landscape. Some of the leading players in the sector are Cargill Inc., DuPont, Archer Daniels Midland Company, Ingredion Inc., BENEO GmbH, Mitsubishi Shoji Foodtech Co. Ltd., Roquette Freres, A & Z Food Additives, and Beckmann Kenko GmbH, among others.

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Market players have largely been emphasizing on the growth of product portfolios with research into healthy offerings, which are in compliance with local regulations, in an effort to keep up with a highly competitive environment. In addition, production capacity expansion is proving to be a positive influence in bolstering market presence.

For instance, DuPont has announced the approval of the European Commission for the applications of the company’s powdered lactitol supplement. Ingredion Inc. has announced the launch of Erysta – a sugar substitute derived from erythritol polyol. Also, Talenti has released a new gelato range which uses a zero-calorie form of sugar alcohol as a sweetening agent.

More Valuable Insights on the Sugar Alcohol Market

Product Type

• Sorbitol
• Xylitol
• Maltitol
• Lactitol
• Erythritol
• Isomalt
• Mannitol
• Others

End User

• Food & Beverages
• Pharmaceuticals
• Others

Application

• Bakery Goods
• Sweet Spreads
• Confectionery & Chewing Gum
• Beverages
• Dairy Products
• Others

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico, & Rest of Latin America)
• Europe (Germany, Italy, France, Spain, U.K., BENELUX, Nordic, Russia, Poland, & Rest of Europe)
• South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
• East Asia (China, Japan, & South Korea)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC, Southern Africa, and Rest of MEA)

Future Market Insights (FMI) in a new study has predicted the consumption of plant based nuggets to surge in the forthcoming years. Rising focus on health and wellness among consumers is underpinning growth in the market. Market players are looking to capitalizing on this opportunity by mimicking the taste and nutritional profile of meat-based products.

However, production cost of plant-based nuggets is comparatively higher, which results in their high price. This could hamper the overall expansion of the market to an extent. Nonetheless, launch of their products in diverse textures and nuggets has been paving way for growth. Especially with focus on animal cruelty surging, FMI foresees positive growth on cards for the market.

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Key Takeaways from the Plant Based Nuggets Market Report The plant based nuggets industry is projected to grow at a CAGR of 26% during the forecast period of 2020-2030 Plant based chicken nuggets will remain under spotlight as best-selling product The EU Commission’s support for plant based meat products will help Europe continue to dominate the market Sales via HoReCa will continue to surge through the forecast period Surging adoption of vegetarian and flexitarian diet will open growth prospects for the market in South Asia

“Behemoths in the food chain business are taking cue from changing consumer preference and altering their menus accordingly. Plant-based nuggets are making increasing appearances across menus of some of the leading names in HoReCa business. This is expected to bode well for the market in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has had a huge effect on people’s lifestyle, reshaping their food preferences. Increasing awareness about the body and immune system has encouraged people to shift to a healthy diet. Rising caution regarding animal borne diseases has compelled consumers to adopt vegan lifestyles. This had caused manufacturers to include plant based meat products in their menus and stores.

The pandemic disrupted market sales but is expected to bounce back with the reopening of several hotel chains. The inclusion of plant based products is expected to attract customers looking for healthier options, ensuring a growth in market.

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Who is Winning?

Leading manufacturers are now partnering with companies to introduce plant based meat products in their outlets. Giant manufacturers like Burger King have partnered with plant based meat manufacturers such as Vegetarian Butcher, to include plant based chicken nuggets in their menu.

In 2020, KFC teamed up with Beyond Meat to introduce plant based chicken nuggets in almost 100 stores in the United States. The success of plant based meat products has encouraged companies to invest in the market.

Manufacturers are focusing to develop ingredients that have zero gluten and are allergen free to create products that can be consumed by all. The leading players in the market are Burger King, KFC, McDonald’s Corporation, Alpha Foods, Urban Platter, Nestlé S.A., Heura Foods, The Vegetarian Butcher and Tyson Foods Inc. among others.

Valuable Insights into the Plant-Based Nuggets Market

Future Market Insights in a recent report has conducted a complete industry analysis of the years 2013-2019 with assessments for the forecast period of 2020-2030. The market is divided into various segments in order to give a detailed analysis.

Based on the product type, the market is divided into plant-based chicken, plant-based beef and plant-based pork. On the basis of the source, the market is segmented into soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based  protein, flax-based protein, chia-based protein and corn-based protein. The market is also segregated based on the distribution channel into retail (hypermarkets/supermarkets, convenience stores or specialty food stores), online retail and HoReCa (Food Service Sector). Lastly, the market is divided based on the region into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

About Food Market Division at FMI

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

Global plant-based hot dog sales grew by over 20% in 2020, signaling that years of steadily building consumer awareness is shifting market dynamics in a segment traditionally dominated by meat-lovers. The newfound commercial success has led to a scramble, with conglomerates, as well as niche manufacturers vying for a pie of the market. In its expansive new study, Future Market Insights’ offers a holistic, yet detailed analysis on how growth will unfold through 2030.

The study opines that novel technological developments are being considered to streamline plant-based hot dog production processes. Immense opportunities abound in precision fermentation techniques for the extraction of plant-based proteins. For instance, Impossible Foods is already producing its signature ‘lehemoglobin’ formulation using this technology.

Key Takeaways Global plant-based hot dog market to surpass US$ 500 million by 2021-end Europe set to capture over 50% revenue share until 2022, South Asia to be fastest growing market Soy-based protein formulations to remain most preferred throughout the assessment period Plant-based beef to retain lucrativeness, pork garnering significant momentum Online sales to witness a prolific upsurge, attributed to shutdowns imposed by COVID-19 pandemic

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“Increasing government support to promote vegan products consumption has attracted manufacturers to lucrative markets, thus broadening scope of the market,” concludes the FMI analyst.

COVID-19 Impact Insights

While sales were already on an upward trajectory, the market for vegan products has catapulted even more since the pandemic’s onset, thus enhancing prospects for plant-based hot dogs in the coming future. Currently, at least 1 out of 50 retail packaged meat sales are plant-based.

As consumers look towards options to boost their immunity, consumption of plant-based diets have witnessed a substantial surge. Markets across the U.S, India and China are especially experiencing this increase as they are amongst the most affected countries by the novel coronavirus.

Besides the voluntary shift towards plant-based alternatives, market players are also looking to strengthen existing supply chains so as to offset any possible price shocks which may occur amid fears of a second wave of infections.

Competitive Landscape

Prominent players in the global plant-based hot dog market include Quorn Foods, Morningstar Farms, Daring Foods, Yves Veggie Cuisine, Gardein, Ingredion Inc., Glanbia Plc., Beyond Meat Inc., Nestle SA, Archer Daniels Midland Company, Cargill Incorporated, and Roquette Frères S.A., among others.

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The aforementioned players rely largely on new product launches and strategic collaborations with prominent players, owing to the highly competitive nature of the market. In addition, these players are actively aiding government bodies in promoting vegan products and designing policies promoting the same.

More Insights on FMI’s Plant-based Hot Dog Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global Plant-based hot dog market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the Plant-based hot dog market on the basis of product type (Plant-based chicken, Plant-based beef, and Plant-based pork), source (soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based protein, flax-based protein, chia-based protein, and corn-based protein) and distribution channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Stores, Online Retail, and HoReCA) across seven prominent regions.

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 plant-based meatballs market is witnessing impressive growth due to the rising demand for alternate meat. As people are getting more inclined towards vegetarian or flexitarian diet, the demand for plant-based meatballs products is sky-rocketing across the globel.

According to Future Market Insights (FMI), the global plant-based meatballs market is expected to rise at 23% CAGR during the forecast period from the year 2020 to 2030.

As an increasing number of people are moving away from meat to plant-based alternatives to live a cleaner and healthier life, plant-based meatballs market is experiencing surge in demand across the globe. Furthermore, the health-risks associated with various kind of meats such as red meat, and others are encouraging more consumers opting for plant-based meatballs products.

With the growing concern regarding animal life and welfare, more people are choosing to become vegan resulting in further increase in plant-based meatballs products Despite facing decline in market growth due to COVID-19 pandemic, the global plant-based meatballs market is expected to recover its growth rate by the beginning of 2021 creating ample of opportunities for the market players.

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FMI offers an exhaustive overview of the global market, along with its various growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

Plant-based chicken is expected to lead the global market among all other plant-based meatball products throughout the forecast period Soya-based protein sources are expected to gain traction all over the world in the coming years Food service sectors are anticipated to remain as the most efficient distribution channels Europe is expected to lead the global market in the coming years followed by North America Increasing concern for healthy, vegan lifestyle among the consumers is expected to boost the market growth in the near future

“Rising demand for plant-based meat alternatives has been aiding overall growth of the market. With some of the leading brands introducing plant-based meat balls in their menu to cater to health-conscious consumers, the market is expected to witness a flurry of launches in the coming years” says an FMI analyst.

COVID-19 Impact Analysis

The recent outbreak of novel coronavirus has affected the market growth due to several factors such as non-operational manufacturing units during the lock down period, unavailability of sufficient manpower, scarcity of raw materials, financial crisis, job recession, and others.

In the other hand, COVID-19 pandemic has made people more concerned about their health resulting in higher demand for the plant-based protein supply.

Despite facing a few constraints due to the pandemic, the global plant-based meatballs market is expected to grow further in the coming years.

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Who is Winning

In order to capitalize on opportunities prevalent in the global plant-based meatballs market, the key market players such as Beyond Meat, Kellogg’s, Sysco Foodie, Hydrosol, Gardein, Ikea, Zhenmeat, and others are focusing on launching wide varieties of products launching to target broad range of customers.

Beyond Meat has released their extensive range of plant-based meatball products such as pre-formed and ready-to-cook BEYOND MEATBALLS™, BEYOND BREAKFAST SAUSAGE®, COOKOUT CLASSIC™, BEYOND BURGER®, and others.

Sysco Foodie has launched their Sysco Cutting Edge Solutions Products in February 2020, in order to provide several categories of plant-based meat balls products such as Tyson Boneless Thigh Wings, Sysco Classic Fully Cooked Chicken Skewers, Sysco Classic Sous Vide Sirloin Steak, and others. Zhenmeat has launched their diverse range of plant-based meatballs products such as beef patty, steak, pork loin, crayfish and dumplings, and others.

Recently Subway has announced their exciting partnership like exclusive Halo Top Creamery® hand-spun milkshakes and fresh-baked King’s Hawaiian® bread.

As the global plant-based meatballs market is expanding steadily, the competition is expected to become tougher in the near future.

More Valuable Insights on Plant-Based Meatballs Market

In the latest report by Future Market Insights, we offer a thorough unbiased analysis of the global plant-based meatballs market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (plant based chicken, plant based beef, plant based pork), source (soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based protein, flax-based protein, chia-based protein, corn-based protein), distribution channel (hypermarkets/supermarkets, convenience stores, specialty food stores, online retail, HoReCA), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

About Food Market Division at FMI

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

The global dairy ingredients market has expanded significantly since the beginning of 2022, owing to increasing milk products consumption amid heightened concerns over immunity enhancement to counter the novel coronavirus pandemic. Characterized as an essential service, milk production has witnessed a record increase, prompting manufacturers to augment their presence in key geographies.

In its recently published report, ESOMAR-certified Future Market Insights (FMI) offers an exhaustive yet unbiased analysis of the dairy ingredients market, and takes into account the key dynamics responsible for the projected growth trajectory through 2032.

Global dairy ingredients market is estimated to total USD ~60 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach USD ~90 Bn by 2032, rising at a CAGR of 4.4% between 2022 and 2032.

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Key Takeaways Emerging economies in the Asia-Pacific, specifically India & China to generate immense green spaces Milk proteins segment to expand at a noteworthy rate, owing to increased adoption of whey and casein proteins to manufacture dairy products Bakery and confectionery to remain principal application area through 2030 E-commerce sales channels acquiring popularity amid the COVID-19 outbreak Livestock-sourced dairy products to remain dominant, owing to high bovine milk consumption

“Market players are emphasizing on forging strategic alliances with government owned milk co-operatives and milk distribution grids so as to expand their product outreach and deepen penetration,” remarks the FMI analyst.

COVID-19 Impact Insights

The COVID-19 pandemic has escalated sales of dairy ingredient products worldwide. As more consumers drift towards consumption of dairy products owing to perceived nutritional benefits, sales have proliferated credibly in recent months.

Although, the initial months of the pandemic reported a significant downswing due to the imposition of stringent lockdowns. Beverage giant Yakult, for instance, reported a significant drop in sales in the first two months of the pandemic crisis, to the tune of 10% in February.

Fortunately, countries have realized the importance of keeping the industry afloat and are taking steps to mitigate the adverse impact of the pandemic. For example, the Indian government has slashed the goods & services tax (GST) on ghee and milk fat from 12% to 5%.

On similar lines, the Trump Administration announced a US$ 15.5 billion bailout package for the U.S dairy industry. It went a step further by purchasing milk and converting it into commodities which could then be used as global humanitarian aid.

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Competitive Landscape

The global dairy ingredients market is characterized by the presence of numerous manufacturers, rendering the market competitive in nature. Prominent players in the landscape include AMCO Proteins, Fonterra Co-operative Group, Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), Meiji Holdings Co. Ltd, Nestle S.A, Kerry Group and Ingredia SA among others.

In September 2020, Fonterra Co-operative Group’s Australian division signed an agreement to acquire Dairy Country with the objective of strengthening the former’s AU$ 2.6 billion retail cheese business portfolio. The acquisition was undertaken for AU$ 19.23 million.

In 2017, Nestle Group announced the launch of its MILO cocoa-malt beverage in the Indian sub-continent, which was realized in 2019. This launch has helped Indian consumers have enhanced doses of essential micronutrients such as Vitamins B2, B3, B6, B12, C and D respectively.

More Insights on FMI’s Global Dairy Ingredients Market Report

By Product Type :

Proteins Milk Powder Milk Fat Concentrates Casein and Caseinates Lactose & Its Derivatives Whey Other Types

By Form Type :

Powder Liquid

By Application :

Bakery & Confectionery Dairy Products Sports Nutrition Products Infant Formulas Cosmetics Pharmaceuticals Other Applications

By Distribution Channel :

E-Commerce Specialty Retailers Supermarket & Hypermarket Others

By Region :

North America (U.S & Canada) Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Europe (Germany, Italy, France, U.K., Spain & Rest of Europe) South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Australia & New Zealand and Rest of South Asia & Pacific) East Asia (China, Japan & South Korea) Middle East & Africa (GCC, South Africa, Israel & Rest of MEA) About Food Market Division at FMI

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

A recent market study published by Future Market Insights has estimated the global dairy enzymes market to reflect a positive growth trajectory for the duration of the assessment period from 2022 to 2032. Sustained demand for cheese, yogurt, and other fermented dairy products being a major contributor to market developments.

The dairy enzymes market is estimated at USD 700 Million in 2022, and is projected to reach USD 1,500 Million by 2032, at a CAGR of 8.0% during the forecast period.

Enzymes such as animal and microbial rennet, lipases, lysozyme, lactases, and aminopeptidases, are key to milk clotting, lactose hydrolysis, controlling spoilage, and fermentation applications. Consequently, these products have proven essential to the operational and financial viability of operations in competitive dairy industry.

On the other hand, the market is also expected to face challenges in terms of high costs for skilled professionals and infrastructure. High capital requirements hold back new entrants into the industry. This is a key factor holding back the expansion of the industry. 

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Key Takeaways Lipase dairy enzyme products to find higher adoption rates, owing to flavoring and texture applications. Plant-based enzymes to gain traction with the widening of global vegan and vegetarian consumer populations. Cheese production applications to hold major market share, with microbial rennet gaining popularity in the sector. E-commerce channels reflect significant growth to from 2020 to 2030, driven by the large number of small-scale end users. South Asia & Pacific, is reflecting faster than average growth, Europe likely to retain lead with major impetus from the cheese industry. The dairy enzymes market is driven by the rapidly increasing consumption of dairy products in emerging markets. A highly competitive market landscape, has resulted in players seeking advantages in technology and expertise to maintain efficient, flexible, and financially-viable operations,” says an FMI analyst Covid-19 Impact Insights

The impact of the coronavirus pandemic on the dairy enzymes market has been largely negative. Reduced consumption of dairy products such as cheese and flavored yogurt substantially hurting sort term demand for associated enzymes. In addition, restrictions on the food service industry have also indirectly hurt demand.

On the other hand, market players are also likely to find opportunities to minimize losses during this crisis period. As consumers seek immunity boosting, personalized nutrition solutions during the pandemic, growing applications of dairy enzymes in fortified and functional foods and beverages will prove helpful to market players.

The market is likely to recover steadily towards 2021 as the lockdown restrictions are lifted, owing to continued demand for milk and its derivatives, especially in developing countries around the world.

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Competitive Landscape

The dairy enzymes market is largely fragmented owing to the presence of numerous regional players in the sector. Some of the predominant participants in the industry include Advanced Enzymes Technologies, Amano Enyzme, CHR. Hansen, Danisco A/S, Dow DuPont, DSM, Enmex, Kerry Group, Novozymes, and SternEnzym among others.

Players in the dairy enzymes industry have been increasingly emphasizing on the expansion of product portfolios, with research into plant-based and microbial sources gaining importance. Also, manufacturers are putting in efforts towards improving sustainability of dairy industry operations in terms of processing and waste management.

For instance, in June 2022, DSM unveiled its new range of DelvoPlant enzymes for plant-based dairy alternative beverages, which enables superior flavoring and mouthfeel in end products.

In May 2022, DuPont Nutrition and Biosciences launched its Bonlacta dairy enzyme for consumers in the North America market, in lactose free applications, which allows cost reduction, and process optimization for dairy producers.

Novozymes unveiled Saphera Fiber, the company’s new lactase enzyme which bolsters the content of dietary fiber for applications in non-fermented milk-based product offerings.

More Valuable Insights on the Dairy Enzymes Market

By Product :

Carbohydrate Dairy Enzymes Protease Dairy Enzymes Polymerase & Nuclease Dairy Enzymes Lipase Dairy Enzymes Phytase Dairy Enzymes Other Dairy Enzymes

By Source :

Plant-Based Animal and Micro-organisms based

By Application :

Dairy Enzymes for Milk Dairy Enzymes for Cheese Dairy Enzymes for Ice Creams & Desserts Dairy Enzymes for Yogurt Dairy Enzymes for Whey Dairy Enzymes for Infant formula Dairy Enzymes for Other Applications

By Distribution Channel :

E-Commerce Speciality Retailers Supermarket/Hypermarket Others

By Region :

North America Latin America Europe Middle East and Africa (MEA) East Asia South Asia and Pacific 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.

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