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Newly released Future Market Insights (FMI) analysis projects global demand for sports nutrition market to total US$ 19,302.2 Mn in 2021. As per the report, the overall sales of sports nutrition will reach 737,780 MT in the year.

Rising health awareness will cause the demand healthy and nutritional flavored drinks to increase, spurring the sports nutrition market growth. FMI also predicts the demand in the market to rise at an impressive CAGR of 9.3% during the assessment period (2021 – 2031).

Rising demand for clean-label products and trend of vegan lifestyle is fuelling the demand for plant-derived ingredients. Post COVID-19 outbreak, consumers have become more conscious regarding their health, which is directly impacting the sales of sports nutrition products.

Demand for flavored energy drinks and energy bars among fitness enthusiasts have burgeoned significantly, especially in the developed nations including the U.S., the U.K. and Germany.

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With the emergence of online fitness centers and health classes, sales of sports nutrition energy bars and ready to drink sports beverages have spiked tremendously. Manufacturers are therefore entering into alliances with local and regional fitness centers to capitalize on existing opportunities.

Key Takeaways from FMI’s Sports Nutrition Market Study

Trend for veganism and healthy lifestyle among fitness enthusiasts will drive the sales of plant-derived ingredient sports nutrition. This segment is expected to hold maximum share in the global market. In terms of nature, organic segment will exhibit higher growth as compared to conventional backed by the rising demand for natural and organic products For B2C, flavored sports nutrition beverages are expected to remain dominant throughout the forecast period Expansion of online fitness and retail channels will spur the sales of sports nutrition, exceeding a valuation of US$ 64.1 Bn by 2031 The U.S. is expected to be the most lucrative market across North America during the assessment period India will emerge as a lucrative market backed by the rising demand for organic sports nutrition products in the country

Competitive Landscape

Nestlé S.A., Red Bull GmbH, Ajinomoto Co., Inc., Keurig Dr. Pepper, Inc., Nutrabolt, GlaxoSmithKline plc., Optimum Nutrition, Inc., Premier Nutrition Corporation, Biothrive Sciences, Nutrabolt, Now Foods, INC Sports Nutrition, Vitaco Health, and Uelzena Group. among others are some prominent players operating in the sports nutrition market.

Presence of numerous industry players in sports nutrition market has led to intense competition in the market. Key players are focusing on product introduction and launches for the expansion of their product portfolio.

Some of the leading companies are highly focusing on research and development through academic collaborations, lateral collaborations, and customer focused groups. Manufacturers are also focused on building their brand image through innovative marketing campaigns.

Herbalife Nutrition, leading global nutrition company announced its official partnership for Team India in Tokyo Olympics 2021.

In May 2021, Amazentis, an innovative life sciences company pioneering scientific breakthroughs in nutrition, announced the initiation of a new clinical study to evaluate Mitopure for muscle recovery, endurance, and running performance benefits in top athletes.

Sports Nutrition Market by Category

B2B

By Ingredient Type:

• Plant-Derived Ingredient
  • Soy Protein
  • Rice Protein
  • Pea Protein
  • Potato Protein
• Animal Derived Ingredient
  • Creatine
  • Milk Protein
  • Whey Protein Concentrates
  • Casein
  • BCAA (Branded Chain Amino Acid)
• Blends

By Nature:

• Organic
• Conventional

By Region:

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

B2C

By Function:

• Energizing Products
• Rehydration
• Pre-Workout
• Recovery
• Weight Management

By Product Form:

• Ready-To-Drink
• Energy & Protein Bar
• Powder
• Tablets/Capsules

By Flavour:

• Regular
• Flavored
  • Fruit Punch
  • Berries
  • Citrus
  • Chocolate
  • Vanilla
  • Others

By Sales Channel:

• Modern Trade
• Convenience Store
• Specialty Store
• Pharmacy Store
• Online Retail
• Other Sales Channel

By Nature:

• Organic
• Conventional

By Price Range:

• Economic
• Premium

Region

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

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Key Questions Answered in the Report

What is the current sports nutrition market value?

The sports nutrition market is expected to exceed US$ 19,302.2 Mn in 2021

At what rate did the sports nutrition market grow between 2016 and 2020?

The sports nutrition market projected steady growth, registering a CAGR at 7.4% between 2016 and 2020.

What are the key trends driving sports nutrition sales?

Rising trend for clean-label and non-GMO products and easy availability of flavored nutritional sports energy drinks and products will increase the sales.

Who are the leading players of sports nutrition?

Nestlé S.A., Red Bull GmbH, Ajinomoto Co. Inc., Keurig Dr. Pepper Inc., Nutrabolt, and GlaxoSmithKline plc., are the top players identified by Future Market Insights.

What will be the demand outlook for North America sports nutrition market?

North America’s sports nutrition market demand is set to rise at 10.7% CAGR over the forecast period of 2021 and 2031.

What is the current market share of Japan and South Korea in the global Sports nutrition market?

In 2021, South Korea will account for 0.7% of global sports nutrition market share, while Japan will contribute over 0.5% of global market share.

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 high protein yogurt market is stipulated to surpass USD 70 Billion by the end of 2030. According to a recent study conducted by Future Market Insights (FMI), for the period 2020 and 2030. Over the span of ten years the demand would show a growth at a CAGR of over 8%.

According to the study, growing demand for protein consumption is expected to accelerate market growth. The study offers a detailed analysis of the industry, covering key drivers of growth, opportunities, restraints and dominant trends. It uses innovative analysis techniques to provide market analyses with the most precision.

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The FMI study delves deep into the prevailing dynamics to offer interesting insights into the high protein yogurt market. Some of these are:

In 2020, the estimated market value for high protein yogurt is USD 32 Billion. The market is expected to show significant growth over the forecast period APEJ, North America and Europe as primary markets for high protein yogurt anticipated to exhibit steady growth Conventional segment is expected to remain dominant in terms of nature. Conventional high protein yogurt holds a share of 84% in the global high protein yogurt market. Consumers are moving towards high protein yogurt owing to its various types of flavour options available in the market.

Manufacturers are focusing on innovations and product launches to cater to the rising demand for high protein yogurt Store based retailing has the largest market share, based on the sales channel, and is projected to rise at a promising rate over the forecast period. Key players are likely to focus on business expansion and product launches to compete in the developed markets The demand for high protein yogurt is expected to rise as consumers increasingly focus on health and fitness.  High protein yogurt shows the intra-trend of complexity and investment that modern populations are making.

Various Flavors to Provide Range of Options to the Buyers       

Product innovation and development is a continuous process which has evolved the food industry over the decades. From several flavors available for high protein yogurt, most commonly available flavors under brand names include plain, strawberry, vanilla, raspberry, peach, chocolate, and blueberry. Additionally, there are certain unique flavors that are offered by various brands. As consumers always look for innovative flavors, therefore these products may provide range of option to the consumers and also beneficial for the manufacturers. The increasing flavor inspiration among the customers has raised the demand for vibrant flavors and more palatable products in the market, which has generated various new concepts in the yogurt industry, High protein yogurt are gaining consumer’s attention with their nutritional value and vibrant flavor offerings by leading brands

Who is winning?

As manufacturers seek to lessen the unpredictability caused by demand uncertainty and surging cost, they are aiming at higher control over the supply chain to aid organizational alertness and improve pace to market. Moreover, by focusing on building an organization that is adequately flexible to prosper in today’s economy, manufactures are correspondingly keeping an eye on the bigger picture. Those operating in food and beverage industry are improving supply chain efficiencies thereby lowering operational costs to gain greater profits in highly competitive industry. The companies are also focused on new product launches and expansion of the company.

In 2018, General Mills, Inc., launched its latest yogurt YQ by Yoplait, which is a high protein and less sweet yogurt made with ultra-filtered milk. Yogurt is offered in plain and flavoured variety. Flavoured variety includes lime, mango, strawberry, peach, blueberry, coconut, and vanilla which has 9 grams of sugar and 15 grams of protein. In 2016, Chobani, LLC, expands its manufacturing facility in Twin Falls, Idaho which will help the company to grow in the region and state.

The company invests nearly $100 million incremental investment to fuel momentum as company continues to grow category and push into new areas. This move will help the company to meet demand for new and existing products. In 2017, GROUPE DANONE, acquires WhiteWave, which was a strategic move towards plant-based food and drinks, helping to meet consumer expectations for healthier and sustainable choices. This acquisition will enhance the product portfolio with health focused and consumer loved brand options.

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High protein yogurt Market Outlook & Key Findings

• Future Market Insights (FMI) forecasts positive growth for global high protein yogurt market at a CAGR of 8% between 2020 and 2030
• Consumer preferences are inclining towards maintaining a healthy lifestyle, which has led to the higher consumption of high protein products with potential health benefits.
• Over 82% of high protein yogurt accounts for flavored. Despite availability in regular, flavored high protein yogurt will remain consumer favorite,  finds FMI
• Spoonful high protein yogurt is valued at US$ 26,612.3 Mn in 2020 and is anticipates to reach US$ 58,436.5 Mn with a value CAGR of 8.2%
• Focusing on developing plant-based probiotic yogurt creating opportunities for the manufacturers in the high protein yogurt market

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 curcumin market size is projected to total US$ 95.6 Mn in 2021. As per Future Market Insights (FMI) analysis, the overall sales of curcumin will surpass US$ 279.3 Mn by 2031. Demand for curcumin is projected to grow by 11.3% CAGR over the forecast period, from 2021 to 2031.

According to the study, curcumin sales represented 3% to 5% of overall curcuminoids market in 2020. Demand for curcumin is likely to soar as consumers across the globe realize the health benefits of curcumin as a functional ingredient.

FMI predicts the U.S., India, Germany, and China to emerge as primary markets for curcumin sales. Of these, the U.S. curcumin market is expected to grow by 9.7% CAGR between 2021 and 2031.

Rising concerns regarding harmful effects of artificial ingredients in food products are spurring demand for clean label food products and ingredients. Consumer dissatisfaction with synthetic food products is compelling food manufacturers to incorporate natural and plant-based ingredients for flavor and color.

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Key Takeaways:

The U.S. is estimated to account for more than 79.0% of the North American market in 2021, supported by increased consumption of curcumin-derived protein products. China is estimated to account for over half of sales registered in the East Asia market share in 2021. Germany is expected to dominate the Europe curcumin market, holding 16.3% of the total market share in 2021. India will emerge as an attractive curcumin market, commanding over 45.2% of sales registered in South Asia in 2021. Curcumin applications as an antioxidant are estimated to hold nearly one-third of the total curcumin market share in 2021.

Competitive Landscape

Key players operating in the global curcumin market are focusing on production facility expansion to cater to growing demand for natural and organic ingredients. Apart from this, manufacturers are implementing various strategies such as marketing and promotional activities, strengthening distribution channel and adopting sustainable production to gain a competitive edge.

Some of the leading companies offering curcumin are BioMax Life Sciences, Herboveda India Pvt Ltd., Hebei Tianxu Biotech Co. Ltd., JIAHERB Inc., Synthetic Industries Ltd., BioThrive Science, Sabinsa Corporation, The Green Labs LLC., WackerChemie AG, Hindustan Mint & Agro Products Pvt Ltd, Helmings Prima Sehejtera P.T, Arjuna Natural Extracts Ltd., SMP Nutra, SV Agrofoods, Star Hi Herbs Pvt Ltd. and others.

Curcumin Market by Category

By Nature:

• Organic
• Conventional

By Form:

• Powder
• Liquid

By Application:

• Heart Health
• Brain Health
• Stress/Anxiety Relief
• Anti-inflammation
• Antioxidant
• Flavorant & Colorant

By End-Use:

• Dietary Supplements
• Food Products
• Herbal & Medicinal Products
• Cosmetics

Region:

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

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Key Questions Answered in the Report

What is the current value of the global curcumin market?

The global curcumin market is expected to reach a valuation of US$ 95.6 Mn in 2021.

At what rate did the global curcumin market grow between 2016 and 2020?

The global curcumin market grew at a 10.8% CAGR between 2016 and 2020.

What are the key trends boosting curcumin sales?

Increasing consumer inclination towards organic and natural products, along with rising demand for curcumin-based beverages are key trends driving sales of curcumin.

What is the total share of top 5 players operating in the global curcumin market?

Top 5 players in the global curcumin market are expected to hold around 35-45% of the total market share.

Which are the major countries driving demand for curcumin?

The U.S., India, Germany, and China are the top countries driving demand for curcumin.

What will be the demand outlook for curcumin in East Asia?

East Asia is projected to hold around 13.2% of the total curcumin revenue share.

At what rate will the U.S. curcumin market grow?

The U.S. curcumin market is projected to grow at a 9.7% CAGR over the next ten years.

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

Sales in the pea protein ingredients market are estimated to total US$ 1.25 Bn in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 2.5 Bn by 2031, rising at a CAGR of 7.2% between 2021 and 2031.

Rising demand from various end-use industries such as bakery & snacks, beverages and others is expected to fuel pea protein ingredients market growth during the forecast period. Increasing preference for natural ingredients in food products also will continue pushing sales in the pea protein ingredients market.

Rising popularity of pea protein can be attributed to its high protein content, sustainability, availability, intriguing functionality, affordability, and hypoallergenic properties. Owing to these benefits, various food and beverage companies are incorporating pea protein ingredients in their products. This is expected to propel sales of pea protein ingredients in the forthcoming years.

Pea protein ingredients powders are just as easy to incorporate into shakes or smoothies as whey protein powders. They do not include any animal byproducts, making them fit for consumption for the vegan population. Pea protein ingredients supplements are easier to digest than traditional protein supplements as it solely contains plant-based proteins and amino acids like lysine and glutamine.

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Key Takeaways:

The U.S. is estimated to account for more than 79.0% of the North America pea protein ingredients market in 2021. China is estimated to account for nearly 43.3% of the East Asia pea protein ingredients market share in 2021. Germany will emerge as a lucrative market, holding 16.3% of the Europe market share in 2021. Sales of pea protein ingredients are anticipated to continue rising in the U.K., holding 14.0% of the Europe market share. Demand for protein ingredients in India is expected to rise at a 11.4% CAGR over the forecast period. Thailand pea protein market is projected to expand at a 9.4% CAGR in 2021.

Competitive Landscape

Some of the leading companies offering pea protein ingredients are A&B Ingredients Inc., Nutri Pea Ltd, Archer Daniels Midland Company, Kerry Group PLC., Cargill Incorporated, The Scoular Company, Axiom Foods, Inc., Batory Foods, PLT Health Solutions, Prinova Group LLC, and others.

Leading players operating in the global pea protein ingredients market are focusing on research and development to launch new products to cater to growing vegan consumers. Apart from this, players are investing in mergers, acquisitions and strategic collaborations to strengthen their presence in the pea protein ingredients market.

Pea Protein Ingredients Market by Category

By Product Type:

• Isolates
• Concentrates
• Textured

By Application:

• Bakery and Snacks
• Dietary Supplements
• Beverages
• Meat Analogs/Substitutes
• Others

By Form:

• Powder
• Liquid
• Others

Region:

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

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Key Questioned Answered in the Report

What is the current value of the global pea protein ingredients market?

The global pea protein ingredients market is expected to surpass a valuation of US$ 1.25 Bn in 2021.

At what CAGR is the market expected to grow?

Pea protein ingredients consumption is expected to grow at a CAGR of around 7.2% during the period 2021-2031.

At what rate did the pea protein ingredients market grow between 2016 and 2020?

The global pea protein ingredients grew at a CAGR of 6.4% during 2016-2020.

What are the key trends boosting pea protein ingredients sales?

Increasing demand for vegan & natural food ingredients, along with rising focus on preventive care are key trends driving sales of pea protein ingredients.

What is the share of top 5 companies operating in the pea protein ingredients market?

Top 5 producers of pea protein ingredients hold around 40-50% of the market share.

Which are the major countries driving demand for pea protein ingredients?

The U.S., Germany, China, Australia, and India are the major countries driving demand for pea protein ingredients.

What is the demand outlook for pea protein ingredients in East Asia?

East Asia is expected to hold around 11.8% of the total pea protein ingredients market share.

At what rate will the U.S. pea protein ingredients market grow?

The U.S. pea protein ingredients market is projected to grow at a CAGR of around 5.9% over forecast.

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 grass fed beef market is expected to reach a valuation of US$ 11.6 Bn in 2021. As per Future Market Insights (FMI), the overall market value is forecast to total US$ 17.9 Bn by 2031, rising at a 4.4% CAGR between 2021 and 2031.

Growing awareness regarding health benefits and consumption of a balanced diet, along with increasing sales of bulk food ingredients via online retail channels are expected to provide impetus to grass fed beef market growth. Considering this, FMI has projected the sales of grass fed beef to expand at a 3.7% CAGR through 2031 in terms of volume.

Consumers across North America and Europe consider beef as one of the primary sources of food. Buyers in these regions are aware of organic certifications and labeling of these products and the advantageous effects over conventional food products. As a result, demand for grass fed beef is expected to grow in North America and Europe over the forecast period.

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Globally, consumers are getting inclined towards convenient yet healthy foods that require less preparation time. This has resulted in increasing sales of processed meat products. Grass fed beef offers exceptional quality and nutritional benefits over conventional grain fed beef products, which is driving its applications in the food service sector.

Key Takeaways:

Demand for processed grass fed beef is expected to remain high over the forecast period. Sales of frozen grass fed beef are projected to rise at a steady pace, as it doesn’t loss moisture and remains safe for consumption when opened. Sales of grass fed beef through indirect channels are expected to gain traction as online retailing becomes mainstream. Applications of grass fed beef in the food service sectors are anticipated to account for a dominant share.

Competitive Landscape

Some of the leading companies offering grass fed beef are JBS Foods®, Tyson Foods, Australian Agricultural Company Limited, Hormel Foods Corporation, Cargill, Inc., ANZCO Foods, Conagra Brands, Inc., Creekstone Farms Premium Beef, LLC, Sysco Corporation, and others.

Key players in the global grass fed beef market are  focusing on merger and acquisitions with different other small and mid-level brands to expand their distribution channels and production facilities. Players are also launching new and innovative products to gain a competitive edge in the market. For instance, players like Verde Farms and Pre Brands are focusing on labelling new products in order to meet customer demand. Top players like Creekstone are collaborating with supermarkets, stores and online retailers to improve sales.

Grass Fed Beef by Category

By Form:

• Raw Meat
• Processed Meat

• Fresh Processed
  • Cured
  • Smoked
  • Restructured
  • Slices
  • Chop meat
  • Steak cuts
  • Cuts
  • Patties
  • Sausages
  • Nuggets
  • Meatloaf
• Dried
• Others (Fermented, Pickled, etc.)

By Format:

• Chilled
• Frozen
• Shelf Stable

By End-Use:

• Food Processing Industry
• Foodservice (Hotels, Restaurants, Cafés
  • Sauces, Dressings and Glazes
  • Snacks
  • Baked Products
  • Ready Meals
  • Processed Meat Products &Marinades
  • Seasoning
  • Instant Noodle/Pasta
  • Soups, Stocks and Bouillon
  • Others (Pie Gravies, etc.)
• Institutional
• Household (Retail)

By Distribution Channel:

• Direct Sales/B2B
• Indirect Sales/B2C

• Hypermarkets/ Supermarkets
  • Specialty Meat Outlets
  • Groceries/Mass Retailers
  • Wholesale Club Stores
  • Butcher Shops
  • Ranch
• Online Retailing

By Region:

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

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Key Questions Answered in the Report

What is the grass fed beef market value?

The grass fed beef market is projected to total US$ 11.6 Bn in 2021.

What is the grass fed beef market demand outlook?

The grass fed beef market is forecast to grow by 4.4% CAGR to total US$ 17.9 Bn by 2031.

What are the key trends shaping the grass fed beef market?

Mergers and acquisitions undertaken by leading companies, besides strategies adopted to expand presence and production capacity are key trends shaping growth of the market.

At what rate did the demand for grass fed beef grow in the last five years?

The demand for grass fed beef increased by 3.7% CAGR between 2021 and 2031.

Who are the top players in the grass fed beef market and what is the market share?

JBS Foods, Tyson Foods, Australian Agricultural Company Limited, Hormel Foods Corporation, Cargill, Inc., and Conagra Brands, Inc. are the top market players accounting for nearly 30% to 50% of global sales.

At what rate will the demand for grass fed beef rise in Europe?

The demand for grass fed beef will increase by 3.8% CAGR over the assessment period.

At what rate will the demand for grass fed beef rise in Europe?

The demand for grass fed beef will increase by 3.8% CAGR over the assessment period.

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

Demand for date syrup is expected to reach US$ 339.0 Mn in 2021, according to the latest Future Market Insights (FMI) study. The market value is expected to surpass US$ 630.0 Mn by 2031, exhibiting growth at healthy CAGR of 6.4% for 2021-31.

The market will particularly gain from the surging application of date syrup in nutraceutical and food service industries in the Middle East and Africa. Besides this, demand in South Asia is expected to increase at an accelerated pace over the forecast period.

Consumer preference for clean label products and ingredients derived from natural sources for their food items will steer growth in the market. The same trend is driving sales of date syrup in nutraceutical and cosmetics industry.

Growing product knowledge has resulted in more awareness in consumers than ever before. Today, consumers are just not satisfied by choosing any food just because its label says “high quality”, but they intend to know its constituents and processing.

For instance, Arat Company Pjs, ensures strict compliance to BRC Grade AA, IFS, ISO 22000 Food Safety, Kosher, ISO 9001:2015, HACCP, ISIRI and Halal and includes nothing but dates and water for processing and producing its high quality dates syrup.

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Key Takeaways from the Date Syrup Market Study:

• Date syrup market is expected to total US$ 630 Mn by 2031.
• The Middle East and Africa (MEA) will emerge as the leading market, accounting for the lion’s share of date syrup sales. FMI has pegged the demand in MEA to grow by 5% CAGR.
• In North America, sales of date syrup will accelerate on account of surging demand from the U.S.
• Within Europe, Germany, France and the U.K. will spearhead sales of date syrup.
• Despite China’s dominance in East Asia, sales of date syrup will increase at a higher rate in Japan and South Korea.

Need for Stable Shelf-life Products Driving the Demand for Date Syrup

Work-centric lifestyles of dominating population has caused a major shift in demand for the type and properties of food products. People today are opting for food items that have extended seasonality, easy application, and multi-purpose for the sole reason of convenience, which these food products offer to the evolving consumers.

This has compelled several leading manufacturers to subsidize research and development to uncover more natural ways to keep food shelf-stable for an extended period of time.

Date syrup is no exception to this. The product itself is insured of seasonality as soon as it is produced. Even the syrup manufacturers with their innovation potentials, have developed syrups that do not even require the application of refrigeration to ensure slow degradation.

For instance, Ratinkhosh Co., provides a minimally processed dates syrup, which comes with a shelf-life of 2 years without the use of any type of preservatives or artificial ingredients.

Who is Winning?

Some of the leading companies offering date syrup are Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, Date Lady, and Others.

Date Syrup Market by Category

By Nature:

• Organic
• Conventional

By End Use:

• Food & Beverage Industry
  • Bakery & Confectionery
  • Dairy & Desserts
  • Snacks & Cereals
  • Beverages
  • Others
• Nutraceuticals
• Cosmetics and Personal Care Industry
• Foodservice Industry
• Retail/ Household
• Others

By Distribution Channel:

• Business to Business
• Business to Consumers
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retail

By Region:

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

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Key Questions Answered in the Report

What is the current date syrup market size?

The date syrup market is expected to total US$ 339 Mn in 2021.

What is the demand outlook for the date syrup market?

The date syrup market is expected to top US$ 630 Mn by 2031, exhibiting growth at 6.4% CAGR between 2021 and 2031.

At what rate did the demand for date syrup grow in the last five years?

The date syrup market registered 4.7% CAGR in terms of value between 2016 and 2020.

What is the North America date syrup market outlook?

The sales of date syrup will grow by 5.8% in North America.

Name some of the leading companies operating in the date syrup market.

1. Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, and Date Lady among others are the leading market players.

What is the Japan and South Korea date syrup market outlook?

The Japan and South Korea date syrup markets are expected to register growth at 9.6% CAGR and 9.2% CAGR, 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.

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The global cacao beans market is anticipated to be valued at ~ US$ 10 Bn in 2019. Future Market Insights, projects that the cacao beans market is expected to show a high growth rate of more than 7% in terms of value during the forecast period 2019-2029.

Cacao beans for a very long time have reached consumers in the form of chocolate blocks, and bars. Cacao beans therefore were in high demand in the industrial sector. But a recent rise in the demand for natural and organic products, with utmost transparency, has enabled cacao beans gaini popularity among household consumers and foodservice operators. Continuous innovation to incorporate chocolate in one form or other in products that they manufacture has increased the demand for cacao beans.

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Key Takeaways from the Cacao Beans Market Study

• Forastero cacao beans are highly used as the availability of this type of cacao beans is more than any other type. But the demand for Criollo beans is the highest as they are very rare and are cultivated less in commercial plantation due to their low yield
• Cacao beans are primarily used in the bakery and confectionery sector. The demand for cacao beans is expected to increase significantly in the foodservice industry, especially in European countries
• Leading manufacturers in the global market for cocoa are projected to come up with innovative and healthier cocoa products using cacao beans with the motive of attracting health-conscious consumers around the world. Raw chocolate bars, quinoa vegan bars, and ‘ruby’ chocolate are just some of the products companies have brought into the market to retain their health-conscious consumers
• With the presence of leading cocoa grinders/processors in countries like Netherlands, Germany, Belgium, France, UK, and others, the European Union is expected to be the most lucrative region in the global cacao beans market throughout the period 2019 to 2029

While cocoa continues to be a popular flavor and ingredient for a majority of dessert preparations, the global cocoa industry needs more investments in order to maintain sustainable growth in the future. Prices of cocoa in the international market are increasing due to additional expenses incurred by manufacturers for getting certifications to distribute cacao beans in the market. Rising prices of cocoa and economic uncertainties in the global market are creating challenges for the the global market for cacao beans. However, specific measures are being taken by regulatory bodies to curb this inconsistency.

Who is Winning?

Some of the key players operating in the cacao beans market are Cargill Inc., Theobroma B.V., Olam International Limited, Ciranda Inc., Edna Group, Barry Callebaut AG, Dutch Cocoa B.V., Kakao Berlin, Niche Cocoa Industry Ltd., PT. Danora Agro Prima, Nederland SA, Cocoa Processing Company, India Cocoa Pvt Ltd., United Cocoa Processors Inc., BT Cocoa among others.

The cocoa supply chain is concentrated both at vertical and horizontal levels as most of the cocoa and chocolate companies are strategically merging with competitors. For instance, key processors Barry Callebaut and Cargill after its merger with ADM shall produce about 70-80% of the world’s couverture.

• In January 2020, Häagen-Dazs has introduced two new ice creams, which contain ruby cacao. The ruby cacao beans used in these products have been sourced and processed by Barry Callebaut.
• SoChatti, an artisanal brand of Trade Secret Chocolates, launched a 72% dark chocolate, crafted with cacao beans from sites like Peru, Tanzania, and Trinidad, which is squeezable vegan chocolate.
• Mars, Inc. has collaborated with agricultural analytics company Nature Source Improved Plants to boost cacao yields. Mars is well-known for its candy bars which use cacao beans in its production, and is thus is interested in maintaining a sustainable cacao supply.

CACAO BEANS MARKET TAXONOMY

The global cacao beans market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

• Forastero
• Criollo
• Trinitario

End Use Application

• Food and Beverages
  • Bakery and Confectionery
  • Beverages
  • Dairy Products
  • Syrup, Toppings and  Fillings
  • Other Applications
• Pharamaceuticals
• Cosmetic and Personal Care
• Pet Food
• Household/Retail
• HoReCa/FoodService

Distribution Channel

• B2B
  • B2C
  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Independent Grocery Stores
  • Speciality Stores
  • Online Retail

Region

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

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CACAO BEANS MARKET – KEY RESEARCH FINDINGS

• The global cacao beans market is expected to account for revenues worth US$ 21 Bn by 2029.
• With rising demand from chocolate manufacturers, the cacao beans market is set to record a CAGR of 7% over the forecast period 2019-2029.
• Forastero cacao beans account for 4/5th of the total market revenue.
  • Criollo variants are set to see a quantum leap in demand, despite its low availability.
• High potential application has been identified in the food & beverage industry.
  • Manufacturers are focusing on capitalizing on foodservice/HoReCa sector.
• Sales via B2B channels influence growth strategies.
  • High sales opportunities are expected in B2C channels.
•  Europe promises lucrative growth prospects, owing to strong presence of leading cocoa grinders and processors.

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
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com