Market Research Blog

The global technical enzymes market size is expected to reach US$ 3615 Mn by the end of 2029, finds Future Market Insights. According to the report, Multifunctional properties of specific enzymes in the biofuel, starch, fiber & leather, paper & pulp industries. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Technical enzymes are usually used as bulk enzymes in several industries such as pulp and paper, textile, and detergents industries; apart from these industries the technical enzymes are also used in the synthesis of organic products and biofuels. Commercially available technical enzymes used includes amylases, lipases, proteases, xylanases, catalases, and cellulases.

Among these technical enzymes, α-amylases the most versatile enzymes in the sector of industrial enzymes undoubtedly because of the starch abundance, with the uses ranging from the starch conversion to sugar syrups. Apart from that, it is also used for the pharmaceutical industry to produce cyclodextrins. Lipases are used as industrial catalysts and its demand has increased these days.

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It includes in-depth insights into the technical enzymes market. Some of these are:

• The estimated value of the market was at US$ 1890 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• In the forecast period the Asia Pacific region is expected to be the fastest rising market.
• Because of the high sugar demand, enzymes are also used to hydrolyze starch to boost the sugar production process and increase overall efficiency.
• Customer interest towards an alternative to gasoline has increased the use of biofuels in many developed countries to minimize toxic car & industrial emissions.
• The increasing demand for technological enzymes in the starch and textile & leather industries is projected to generate lucrative growth opportunities for manufacturers in the Asia Pacific region.
• In terms of source, the animal segment currently leads the market and is expected to remain dominant through the course of the forecast period.

Restricted Supply Chains Due to COVID-19 will Affect the Growth of the Enzymes Market

The current shutdown has brought the technical enzymes market to a standstill and the curve for recovery will rely on the government’s fiscal stimulus.. Demand for enzymes would decline as a result of higher volatility, increased precautionary behaviour, containment measures, and increased financial costs that decrease purchasing power of consumers. A majority of industries are operating under strict guidelines. Restrictive measures undertaken to prevent the spread of the disease are likely to hamper the overall growth trajectory of these industries. These restrictions are likely to limit the scope of growth for the technical enzymes market as well.

Who is Winning?

Some of the major players of the global technical enzymes market include Koninklijke DSM N.V. (The Netherlands), E.I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Associated British Foods Plc (U.K.), Novozymes A/S (Denmark), Advanced Enzyme Technologies Ltd. (India), Epygen Labs FZ LLC (UAE), Maps Enzymes Limited (India) and Megazyme Inc. (U.S.) among others. The rising pattern of environmental issues in developing countries and advances in R&D activities for technological enzymes are the main factors that are projected to drive this market’s growth during the forecast period.

Furthermore, mergers and acquisitions continue to be a common strategy among market players. The companies plan to broaden their geographic presence by means of strategic collaborations.

TECHNICAL ENZYMES MARKET TAXONOMY

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

Source

• Micro organism
• Plant
• Animal

Application

• Biofuel
• Starch
• Textiles & Leather
• Paper & Pulp

Form

• Liquid
• Dry

Product Type

• Amylases
• Cellulases
• Proteases
• Lipases

Region

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

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TECHNICAL ENZYMES MARKET – KEY RESEARCH FINDINGS

• The global technical enzymes market will expand at a CAGR of 4.1% over 2020-2030.
• The market has noticeable demand from the Bio-ethanol industry.
• Micro-organism remains the preferred source; plants to gain gradual traction.
• European market will have comparatively higher growth for the customized premixes market; North America is the market front-runners for the technical enzymes 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 overall caramel ingredients market is expected to grow from USD 3 billion in 2022 to USD 6 billion by 2032, at a CAGR of 8.0%. Revenues in the confectionery product segment of the Caramel Ingredients Market grew a robust 6.8% year over year in 2022. Demand for colors and flavors segment increased by 9.2% between 2017 and 2022, giving the combined Caramel ingredients markets year-over-year growth of 8.0% in 2022, according to the FMI report titled

According to the Future Market Insights analysis, Nestle, Mars Inc., Kerry Group, Bakels Worldwide, Cargill Incorporated, Göteborgsfood Budapest ZRT, Sensient Technologies Corporation, Ferrero Martin, Braun KG, Puratos Group, Haribo, Metarom, Sethness Caramel Color, Nigay, DDW The Color House are identified as Key Players in the Caramel ingredients market

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It includes in-depth insights into the caramel ingredient market. Some of these are:

• The estimated value of the market was at US$ 2.7 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• North America is the market leader and closely followed by Europe.
• Asia Pacific is expected to emerge as the region’s fastest rising caramel ingredients market.
• Increasing disposable income in Asia Pacific countries prompted consumers in the region to look for bakery and confectionery items, which in turn increased the demand for caramel ingredients in the field.
• The Asia Pacific, South America and Middle East & Africa bakery industry is booming and is expected to create lucrative growth opportunities for caramel ingredient manufacturers in the coming years.
• Restricted retail use of confectionery products is likely to hinder opportunities for growth of caramel ingredients in the coming years due to health problems.
• Leading players are likely to focus on increasing their portfolio strength and expanding geographical reach to gain competitive advantage.

COVID-19 Outbreak May Lead to Economic Instability Impacting Growth

The concept of caramel ingredient set the trend of fancy food eating, cake & ice-cream decoration, as well as fusion in traditional dishes. Therefore, as the pattern of packaged food is rapidly changing due to longer shelf life, the preference is for the type of powdered and granular caramel ingredient over others.

In addition, the use of caramel ingredients raised in everyday life for an average living population as the preference to dine outside has increased, as a result of which food producers have started to concentrate on making their food products more appealing and desirable to the consumer with the help of caramel ingredients. In addition, busy lifestyles have modified global cooking and eating patterns, people prefer frozen bakery items, and are prepared to eat foods over traditional slow cooks.

Customer reluctance on the verge of increasing COVID-19 outbreak has led to considerable confusion about consumer demand. Given the health risks, strong global concerns about the coronavirus pandemic have largely but negatively affected the global functioning of the caramel ingredient industry and consumer mind-set. Although the prices of F&B goods and agricultural produce have remained stable, a prolonged COVID-19 outbreak would result in economic uncertainty and food inflation.

Although the short-term impacts are more apparent, it remains to be known what long-term impacts and extent of impact the COVID-19 outbreak would have on the supply chain.

Who is Winning?

The market players accounting for global caramel ingredient agents market includes Nestle, Mars Inc., Kerry Group, Bakels Worldwide, Cargill Incorporated, Göteborgsfood Budapest ZRT, Sensient Technologies Corporation, Ferrero, Martin Braun KG,  Puratos Group, Haribo, Metarom, Sethness Caramel Color, Nigay, DDW The Color House. The caramel ingredient market’s major companies concentrate primarily on new product range launch, growth, and development of sorts.

However, increase in low-carb diet intake, driven by increasing health issues, continues to be a roadblock to market. As a result, many manufacturers have started manufacturing caramel alternatives which poses a market challenge.

Segmentation Analysis of Global Caramel Ingredients Market

The Global Caramel Ingredients Market can be segmented on the basis of Type, Application, Form, and Geography.

by type

•  Inclusions
•  Fillings
• Toppings
• Shades
•  Flavours
• Others

by way of application

• Confectionery products
• Ice creams & cakes
• Bakery products
• Beverages
• Alcoholic
• Non-alcoholic construction
• Others

by way of form

• Stable
• Liquid
• Powder or Granular

using Geography 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 was the market for caramel ingredients worth in 2021?

The global caramel ingredients market value was around USD 2.34 Bn in 2021.

At what CAGR is the market poised to expand through 2032?

Caramel ingredients market revenue is expected to increase at a CAGR of around 8.0% during the period 2022-2032.

How has the performance of caramel ingredients been over the past half-decade?

Sales of caramel ingredients market increased a CAGR of around 7.0% over the past half-decade.

Who are the key players operating in the market?

Nestle, Mars Inc., Kerry Group, Bakels Worldwide, Cargill Incorporated, Göteborgsfood Budapest ZRT, Sensient Technologies Corporation, Ferrero Martin, Braun KG, Puratos Group, Haribo, Metarom, Sethness Caramel Color, Nigay, DDW The Color House are identified as Key Players in the Caramel ingredients 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 polyol sweeteners market size is expected to reach US$ 3160 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at X% CAGR between 2019 and 2029. According to the report, growing R&D to develop new, healthier and creative sugar substitutes and rising cases of people with chronic diseases such as diabetes are factors in the growth of the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Polyols are used as sugar replacers in a wide range of sugar free diets, which is a chief driver enabling growth in the global market. Because polyols are a group of reduced calorie sweeteners they are increasingly used in candies, chewing gums, ice creams and baked goods. Rising application of polyols will result in higher market growth.

Polyols are a group of low digestible carbohydrates. While they have a structure similar to sugar, they come with unique functional benefits. It is of particular importance that polyols do not promote tooth decay. Besides the sweet taste and various functional properties, polyols also offer a range of health benefits. For example they do not cause increase in blood sugar levels.

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It includes in-depth insights into the polyol sweeteners market. Some of these are:

• Consumers’ growing emphasis on health issues is one of the main drivers of the global polyol sweeteners industry.
• Powder segment is expected to rise at a fast CAGR rate over the forecast period.
• Erythritol is projected to share substantial growth on the global polyol sweeteners market.
• Asia-Pacific is projected to possess lucrative growth opportunities on the global polyol sweeteners market.
• Key players would likely concentrate on product developments so that they remain competitive in developed markets.

Despite Demand on Healthier Food & Beverage Products Healthy Diet, Change in Buying Pattern Due to Coronavirus Outbreak will Impact Growth

North America has the largest share in the global demand for polyol sweeteners. The large proportion of this area is primarily due to increased functional food intake, increasing willingness to live a healthier lifestyle, and growing trend in health & wellness. Nonetheless, during the forecast period the Asia-Pacific region possesses lucrative growth opportunities for the consumption of polyol sweeteners. This is primarily due to rapid urbanization, increased disposable income, increased diabetes prevalence, increased functional food industry, increased use of polyols in nutraceuticals and increased polyol output in the area.

The food industry is bracing for significant changes as questions about the COVID-19 spread are increasing. Companies change their activities to meet increased demand. Buying teams turn emphasis away from conventional negotiations and towards ensuring sufficient supply of goods in demand. Many businesses have placed in place contingency measures to prepare for deeper disruptions in the supply chain, both globally and within the USA. Food retailers need to ensure local procurement to resolve the danger of cross-regional transport bans. Among other nations, producers with facilities have started collaborating with local suppliers to keep the product going.

Who is Winning?

The global market for polyol sweeteners is highly competitive and the major players have used various tactics such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions and others to raise their footprints in this segment. Few of the major competitors currently working in the global polyol sweeteners market are Cargill, Incorporated., Archer Daniels Midland Company, Roquette Frères, Ingredion Incorporated, Jungbunzlauer Suisse AG, Gulshan Polyols Ltd., Zhejiang Huakang Pharmaceutical Co., Ltd, Roquette Frères, Mitsubishi Corporation., HYET Sweet., among others.

POLYOL SWEETENERS MARKET TAXONOMY

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

Type

• Sorbitol
• Erythritol
• Maltitol
• Isomalt
• Xylitol

Form

• Powder/Crystal
• Liquid/Syrup

Application

• Bakery & Confectionery
• Beverages
• Dairy
• Oral Care
• Pharmaceuticals
• Others

Region

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

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KEY RESEARCH FINDINGS

• Polyols are gaining popularity as sugar replacer and are used in wide range of sugar-free diets
• Polyols when used in sugar free diet also help in maintaining a good oral health
• Polyol sweetener is used in foods such as cookies, marshmallows and custards. Unlike sugar, polyol sweeteners do not give the baked product a brown surface
• The use of crystalline polyols such as maltitol, isomalt, and lactitol is far simpler in contrast to the liquid type
• Growing preference for artificial sweeteners over sugar due to rising prevalence of health issues such as diabetes, PCOD / PCOS, and increasing focus on weight control creates growth opportunities
• Industries such as pharmaceuticals, food & beverages, bakery & confectionery are expected to exhibit rising demand for polyol sweetener

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

Global demand for citrus alcohol market is set to hover at nearly 5% growth rate, as growing preference for craft beer, and rising alcohol consumption create fertile ground. The study by Future Market Insights analyzes citrus alcohol growth in over 20 countries, building a holistic and comprehensive analysis of the market.

Increasing inclination among consumers towards craft spirits, owing to their unique and subjective taste is another key factor driving sales. The FMI study also opines that proliferating number of breweries across the world will drive demand in the long run.

The COVID-19 impact on the market will create short-term challenges through 2021-end, with steady recovery expected from 2022.

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Key Takeaways

• Spirit will remain the largest selling category, capturing over 50% market share
• Glass bottles will hold nearly half of market value, owing to safety and minimal risk of leakage
• Based on sales channel, specialty stores accounted for over one-fourth of market value in 2020 and will remain the most lucrative channel.
• Asia Pacific will remain the largest regional market for citrus alcohol, backed by the presence of a large young population base with high spending on alcoholic beverages.
• Europe and North America will collectively account for nearly 50% market share, being the largest producers and consumers of alcohol.

COVID-19 Impact

The outbreak of COVID-19 has impacted operations in the food and beverage sector, thus creating a downfall in the volume produced in the first and second quarters of 2020. Moreover, supply-side difficulties such as hindered distribution network and closure of sales channels.

Furthermore, altered consumer priorities during the lockdown and high demand for essential products, while distribution and sales of non-essentials, including alcoholic beverages, have been deprioritized. On the back of these facets, the growth trajectory of the citrus alcohol market will experience fluctuations during the pandemic.

Who is Winning?

Citrus alcohol market players are focusing on widening their geographical footprint and acquisitions have been identified as a crucial step to achieve the same. On these lines,

• In March 2017, Asahi Group Holdings Ltd. acquired the business of SABMiller Limited in five European countries and deemed Asahi Breweries Europe Ltd (“ABEL”) as the European subsidiary of Asahi, helping the company to expand in Europe.

FMI’s report includes profiles of some of the most prominent names in the market including Carlsberg A/S, Diageo PLC, Asahi Group Holdings Ltd., Suntory Holdings Ltd., Halewood International Holdings PLC, Brown-Forman Corporation, Bacardi Ltd., Anheuser-Busch InBev SA/NV, and The Coca-Cola Company, among others.

Key Segments

Product Type:

• Beer
• Spirits
• Wine
• Other Types

Packaging Type:

• Glass Bottles
• Tins
• Plastic Bottles
• Others

End-use Industry:

• Modern Trade
• Specialty Stores
• Convenience Stores
• Commercial
• Hotels/Restaurants/Bars
• Online Retailers
• Other Retailing Formats

Region:

• North America
• Latin America
• Europe
• MEA
• APEJ
• Japan

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Key Questions Answered in the Report

What is the citrus alcohol market size?

The global citrus alcohol market is expected to reach a valuation of US$ 2.28 Bn by 2028.

Which is the largest regional market for citrus alcohol?

Asia Pacific is the largest market for citrus alcohol globally. Growing alcohol consumption in India and China is creating fertile ground for citrus alcohol demand.

Which are the citrus alcohol companies?

Key players operating in the market include Carlsberg A/S, Diageo PLC, Asahi Group Holdings Ltd., Suntory Holdings Ltd., Halewood International Holdings PLC, Brown-Forman Corporation, Bacardi Ltd., Anheuser-Busch InBev SA/NV, The Coca-Cola Company among others

Which is the most popular type of citrus alcohol?

Spirit and beer are the most popular type of citrus alcohol across the world.

What is the future of the citrus alcohol market?

The citrus alcohol market is expected to grow at a healthy pace through 2028 owing to soaring demand for innovative alcohol flavors.

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

Global dinner ready-to-eat food market will grow briskly in 2021, gaining from accelerated food preferences and launch of new products. In a new study, Future Market Insights (FMI), opines growth to be complemented by APAC countries, with e-commerce sales becoming preferred.

Manufacturers are emphasizing on incorporating sustainable solutions to achieve operational efficiency. 3-D printing, for instance, is touted as a highly lucrative option. Although in its nascent stages, 3-D printed food are likely to be popular on a larger scale.

Players such as Foodini and Biozoon have already penetrated the global food landscape. Research has concluded that incorporating 3-D printing has the potential to reduce greenhouse gas emissions by over 90%, utilizing just 1% of land, 4% water and 45% energy. Such promising trends are highly welcome across the dinner RTE food market.

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Key Takeaways

• Asia-Pacific to expand most rapidly, Europe to retain market dominance in the near-term forecast
• Frozen dinner RTE food to record maximum sales, attributed to rising stockpiling of instant food by consumers to survive the COVID-19 pandemic
• Prominent vendors incorporating various nutrient and flavor combinations to cater to a wider target audience
• E-commerce likely to emerge as the most lucrative dinner RTE food channel in the forthcoming forecast period

COVID-19 Impact Insights

In the initial stages, the COVID-19 pandemic exerted significant pressure on the global food supply chain, attributed to tight restrictions on logistics to curb spread of the virus. As the months passed, these restrictions have eased significantly, elevating growth prospects for dinner RTE food.

Experts conclude that in-spite of the recessionary downturn, the dinner RTE food market will continue enjoying healthy growth. Prolonged lockdowns have led to an indefinite shutdowns of office premises and educational institutions, compelling employees and students to remain indoors, thus accelerating the need for instant food.

Competitive Landscape

Prominent players in the global dinner RTE food market include General Mills Inc., Findus Group, The Kraft Heinz Company Ltd., Unilever NV, Tyson Food Inc., Sigma Alimentos S.A de C.V., Greencore Group Plc., Nestle SA, Hormel Food Corporation, Smithfield Food Inc. and ITC Limited.

New product launches, expansion of existing portfolios, strategic collaborations and mergers are some of the strategies employed by the aforementioned companies so as to remain afloat in the market.

In October 2020, Nestle announced the acquisition of Freshly, a leading fresh-prepared meal delivery service provider across the United States, amounting to US$ 950 million. The objective was to enhance distribution networks to fuel growth opportunities.

Key Segments

Type

• Frozen
• Chilled
• Canned

Region

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

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Key Questions Answered in the Report

How will dinner ready-to-eat food market grow in the future?

According to Future Market Insights (FMI) the dinner RTE food market will continue to surge in the near-term forecast, driven by the introduction of unique flavour and nutrient rich combination foodtuffs to address increasing health concerns amid COVID-1 9

What trends influence the dinner RTE food market?

Rapid technological advancements such as the incorporation of additive manufacturing is generating high growth opportunities in the dinner RTE food market. FMI’s research concludes that additive manufactured food products, especially meat, could lead to immense energy and resource conservation, leading to sustainable outcomes

Which is the most extensive marketed dinner RTE food category?

The frozen dinner RTE food segment is expected to hold maximum sway throughout the forecast period. Enhanced longevity is the main reason for its burgeoning sales. Consumers have been stocking up on essential supplies since the pandemic’s onset, including instantly cook-able food, thus heightening growth prospects

Which are the leading RTE food manufacturers?

Prominent players in the global dinner RTE food market include Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, Hormel Food Corporation and others.

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

Global demand for food grade glycerin is set to grow at a brisk pace in 2021, on the back of strong hand sanitizer sales. Growth is also likely to sustain beyond 2021, as hand sanitizer sales will remain resurgent, considering behavioral shifts among consumers.

According to the study, as consumers become health conscious, demand for organic grade food glycerin is acquiring immense popularity. Kosher and halal-certified food grade glycerin are becoming highly common, penetrating prospective markets.

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Key Takeaways

• Biodiesel glycerin to acquire major traction, soap-derived glycerin to remain lucrative
• Uptake across pharmaceutical and personal care industry to be more widespread
• Asia-Pacific to retain market lucrativeness, reaching a multi-billion dollar valuation
• Processed foods to register major glycerin application, owing to growing demand for clean-label foods

COVID-19 Impact Insights

The global food grade glycerin market experienced minor deceleration in the initial months of the pandemic, attributed to global shutdowns. However, growth eventually picked up pace with consumers switching over to consumption of instant foods which require preservatives.

Moreover, increasing production of hand sanitizers has spiked demand for glycerin, an important raw ingredient and a potential disinfectant. Recently, sales of make-your-own hand sanitizer kits containing glycerin have climbed across North America.

Competitive Landscape

Prominent players operating in the global food grade glycerin market include Wilmar International Ltd., Emery Oleochemicals, IOI Oleochemicals, Croda International PLC, P&G Chemicals, KAO Corporation, Avril Group, The DOW Chemical Company (Olin Corporation), Cremer Oleo GmbH & Co KG, PT Smart TBK and Vitusa Products Inc. among others.

The aforementioned players rely on strategic collaborations, acquisitions, mergers and product deployments to remain afloat. P&G Chemicals is a leading player in the global food grade glycerin market. Its portfolio includes the Star KPO Glycerin 96%, Superol KPO Glycerin USP/FCC/FP and Star NK Glycerin 96% among others.

In January 2020, the company acquired Billie, a subscription service for shaving and body care products for women. In September 2020, Emery Oleochemicals announced the launch of EMERY^® E Fatty Acid Esters Product Line, which offer colour stability, low odour and good biodegradability.

Key Segments

Source

• Vegetable Oils
• Biodiesel
• Soap
• Others (Synthetic, etc.)

End-Use

• Bakery
• Confectionery
• Beverages
• Dairy Products
• Processed Foods
• Others

Region

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

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Key Questions Answered in the Report

How will the food grade glycerin market grow until 2030?

According to Future Market Insights (FMI), the global food grade glycerin market is expected to soar at a positive CAGR, reaching a multi-billion dollar valuation throughout the 2020-2030 forecast period. In spite of COVID-19 induced slowdown, the market is set to remain largely positive

What drives the global food grade glycerin market?

Heightening applications across the pharmaceuticals and personal care industry is providing maximum traction to the global food grade glycerin market. Growing purchases of lotions, creams and moisturizers is driving growth

Which is the largest market for food grade glycerin?

Asia Pacific is likely to emerge as the most lucrative food grade glycerin market, with India & China pivoting growth in the future. Heightening disposable incomes combined with deep penetration of the personal care industry is expected to steer growth in a positive direction

Which are the prominent food grade glycerin market players?

Prominent players operating in the global food grade glycerin market include Wilmar International Ltd., Emery Oleochemicals, IOI Oleochemicals, Croda International PLC, P&G Chemicals, KAO Corporation, Avril Group, The DOW Chemical Company (Olin Corporation), Cremer Oleo GmbH & Co KG, PT Smart TBK and Vitusa Products Inc. among others

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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Global Paleo Foods market estimated at USD 10.3 Billion in the year 2022, is projected to reach a revised size of US$16.6 Billion by 2032, growing at a CAGR of 5.8% over the period 2022-2032

As the proportion of conscientious consumers rises, supermarket shelves are being increasingly stocked with ready-to-eat paleo-derived, prompting manufacturers to develop robust supply and value chains to ensure that end-products reach consumers in a timely and safe manner.

A plethora of options are available with respect to paleo foods- from grass-fed burgers at Carl’s Jr., the anti-GMO pledge of Chipotle to the Paleo hot bar at White Foods. Such isolated examples point to the fact that the market is in store for immense opportunities in the future.

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Key Takeaways

• Manufacturers are investing in organized retailing to deepen paleo food market penetration across key regions
• Growing tilt towards entomophagy to act as a key market growth catalyst through 2030
• US witnessing prolific expansion on the back of rising number of start-ups and collaborations between existing food manufacturers
• Paleo vegetables and fruits demand growing
• By end-use, cereal consumption likely to witness high growth through 2030

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the global paleo food market, leading to is proliferation in recent months. As restaurants and outdoor food settings remain shut, online food delivery has surged. For example, according to Credit Suisse, 80% American households increased their spending on food at home.

This is way higher than the 2018 share of 47.6%. Likewise, an increase in online grocery and food shopping due to mandatory social distancing protocols is likely to provide substantial impetus to the paleo food market across the Asia-Pacific region.

Competitive Landscape

The global paleo foods market is characterized by the presence of numerous regional and global level manufacturers, rendering it is significantly competitive. Strategic collaborations, acquisitions, product launches and innovations are the common strategies employed by the players.

Prominent players within the landscape include Caveman Foods, Black Road Food Company, Black Bear GmbH, Blue Mountain Organic Distribution, EPIC, Paleo Food Prodotti Per La, The Paleo Foods, Pacific Food of Oregon, Paleo Pure and Steve’s Paleo Goods to name a few.

Key Segments

Product Type :

• Meat
• Fish and Seafood
• Eggs
• Vegetables
• Fruits
• Nuts and Seeds
• Fats and Oils
• Salt and Spices
• Others

End-Use :               

• Cereals
• Bakery Products
• Snacks
• Sports Nutrition & Beverage

Region :

• North America (U.S & Canada)
• Latin America (Brazil, Mexico, Argentina, Peru, Chile & Rest of Latin America)
• Europe (Germany, U.K, Italy, France, Spain, BENELUX, Russia & Rest of Europe)
• South Asia (India, Thailand, Indonesia, Malaysia, Singapore & Rest of South Asia)
• East Asia (China, Japan & South Korea)
• Oceania (Australia & New Zealand)
• Middle East & Africa (GCC, South Africa, Turkey, Iran, Israel & Rest of MEA)

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Key Questions Answered in the Report

How much is the paleo foods market current worth?

Currently paleo foods market is worth more than US$ 10.3 Bn.

At what CAGR is the market expected to grow?

Paleo foods consumption is expected to grow at a CAGR of around 5.8% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, the paleo foods market grew at a CAGR of around 6.6% during 2017-2021

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments, and production capacity expansion.

How many shares do the top 5 companies hold?

The top 5 producers of paleo foods hold around 30% of the 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

Plant based pork products sales are forecast to grow multifold over the period of 2020-2030, as predicted by Future Market Insights (FMI). The rising awareness regarding health and animal welfare has paved the way for expansion of the plant based pork and meat products market. An increasing number of consumers around the world are consciously choosing plant-based meat alternatives as they grow wary about threat of infections associated with meat consumption. Spurred by this, the plant based pork sales is expected to surge considerably in the coming years.

Changing consumer preferences have even compelled fast-food chains to introduce plant-based meat patties in their menus. Steered by prevailing trends, some of the leading brands such as McDonald’s, Burger King and KFC have begun introducing products made from plant based pork and are reportedly receiving positive reactions from their customers. With increasing demand for nutrition based and cruelty free products, the plant based pork market is predicted to rise rapidly.

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Key Takeaways

• The global plant based pork market is forecast to grow from US$ 1,233.8 Mn in 2020 to US$ 10,563.9 Mn in 2030, as predicted by FMI
• The Europe is expected to be at the fore in the global plant based pork market with a market share 42.9% in 2020
• Rising concerns regarding animal borne diseases and recent pandemic outbreaks have been resulting in consumers’ inclination towards plant based meat
• Favorable regulations in various countries across Europe and in New Zealand are supporting the expansion of the market
• FMI predicts that the burger patty segment to continue dominating among product types. By the end of 2020, the segment is forecast to account for 40.7% of the market

Covid-19 Impact Analysis

The pandemic has changed the world’s way of living, making consumers rethink their food choices. With aversion towards animal products due to increasing caution about diseases, consumers have shifted to a more healthy and nutritious diet. The demand for plant based pork products is expected to grow due to the awareness of animal borne diseases spread during the pandemic. Following the impact of Covid-19, there is going to be a steady rise in the consumption of such products.

Who is winning?

Some of the leading companies operating in the plant based pork market are Impossible Foods Inc., Smithfield Foods, MorningStar Farms, Gardein by Conagra Brands, Cargill Inc., Symrise, Roquette Frères S.A., Crown Soya Protien Group, Tyson Foods Inc., Sotexpro SA, Glanbia plc and Ingredion Inc.

Food manufacturers in this market are collaborating with companies to offer treat consumers with novelty, besides expanding their global footprint. For instance, Burger King has recently partnered with Impossible Foods to launch plant based pork in a large number of their outlets.

Key Segments

Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Food Services
• Online Retail
• HoReCa ( Food Service Sector )

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

Product Type

• Burger Patty
• Crumbles & Grounds
• Sausages
• Hot Dogs
• Nuggets
• Bacon Chips
• Deli Slices
• Chunks and Tips
• Shreds
• Cutlets
• Strips, Tenders, And Fingers
• Meatballs (Meatless)

Regional Outlook

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

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Key Questions Answered in the Report

• What is the expected CAGR for plant-based pork market in the forecast period?

The global plant-based pork market is forecast to rise at a CAGR of 25.0% between 2020 and 2030.

• Which is the largest market for plant-based pork?

Europe currently holds dominance backed by surging demand and production in strong markets like UK and Germany.

• Which are the top companies in the plant-based pork market?

Some of the leading companies operating in the plant-based porkare Impossible Foods, Inc., Gardein by Conagra Brands, Cargill, Inc., Smithfield Foods, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion Inc, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd.among others.

• What is the outlook on the plant-based pork market?

Due to COVID-19, FMI estimates a positive growth for the plant-based pork market due to the high preference of consumers over natural products. The constantly rising demand for plant-based pork products will aid the expansion of this 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