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Maltodextrin Market 2021 (COVID-19 Impact Analysis Included) Opportunities, Regional Overview, Top Leaders, Revenue and Forecast to 2031

According to the latest Future Market Insights (FMI) study, the global maltodextrin market will grow by 5% CAGR between 2021 and 2031. Increasing application of maltodextrin in sports and infants nutrition within the food and beverages industry will drive sales of maltodextrin in the coming years.

Number of multinational firms providing good quality maltodextrin products for the food and industrial sectors is increasing due to the growing use of maltodextrin by both international and domestic food processing companies. For instance, Cargill India in 2018 started production of glucose syrup and maltodextrin at its maize processing mill in Karnataka, India.

The plant reportedly processes 300,000 tons of maize each year. Likewise, there are numbers of players in the market providing maltodextrin to different industries and it will continue to increase. Increasing availability of maltodextrin has made it an affordable ingredient for different industries.

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Additionally, the health halo surrounding plant-based ingredients and goods and consumption of natural and plant-based products have created a conducive environment for the maltodextrin market growth. Consumers are becoming more informed and knowledgeable about their food choices, and they are choose chemical-free foods.

As a result, while purchasing processed foods, these customers are influenced by the ingredients used in food products and their impact in daily life. Maltodextrin is generated from plant-based sources. As a result, its demand will continue growing in the food and beverages sector.

Key Takeaways from the Maltodextrin Market Study:

Asia Pacific maltodextrin market will account for the dominant share of 33.3% in 2021.
Corn starch will remain the dominant source because of easy extraction of maltodextrin from corn starch and presence of higher percentage of starch as compared to other sources. The corn starch segment will account for a market share of 56.5% in 2021.
In terms of form, the spray-dried powder segment is anticipated to exhibit growth at a CAGR of 4.5% during the forecast period (2021-2031).
Based on application, the food and beverage industry accounted for 60.9% of the maltodextrin market share in 2021.

Demand for GMO-Free Starches in Baby Food and Infant Formula is Increasing

Organic and natural foods are preferred by parents for their children since they are healthier than synthetic foods. Abbott, Nestlé, and Mead Johnson Nutrition, and other major players in the U.S. newborn and infant formula industry have frequently petitioned to remove GMO components from their respective baby food products.

As a result, the use of maltodextrin in baby food products is increasing. It also helps to maintain intestinal osmolarity in newborns, which might be affected by intestinal diseases. As a result of this factor, the maltodextrin market will register high growth in the coming years.

Who is Winning?

Some of the leading companies offering Maltodextrin Market are Grain Processing Corp, Roquette, Cargill Inc., Matsutani, ADM, Ingredion, Tate and Lyle, Agrana Group, Avebe, Nowamyl and others.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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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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APAC Savoury Ingredients Market Size, Growth Opportunities, Industry Potential, Segmentation Overview, Trends And Forecast Studies 2026

The APAC savoury ingredients market is projected to register a healthy CAGR of 5.8% during a 10-year period 2016–2026. In a new report titled “Savoury Ingredients Market: APAC Industry Analysis and Opportunity Assessment 2016-2026”, Future Market Insights analyses the market for savoury ingredients in major countries in the APAC region and offers key insights on the factors and trends influencing the market.

The APAC region provides immense growth opportunities for companies operating in the savoury ingredients space. The primary reason for this is a growing demand for instant food such as noodles and savoury snacks in these markets, and this demand is supported by a substantial increase in the disposable income of people. Sales of savoury ingredients in these countries already accounts for a substantial revenue share of the APAC savoury ingredients market and revenue from these markets is expected to continue to increase significantly over the forecast period.

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There is an increasing adoption of savoury flavours in the APAC countries and the region also demonstrates a growing preference and demand for hydrolysed protein-based meat products. There is also a growing inclination towards convenience food and an awareness of the usage of yeast extracts in lieu of salt, which provide the same taste while ensuring a reduced dietary sodium content at the same time. All these factors have contributed to the growth of the APAC savoury ingredients market. However, stringent government regulations on the use of monosodium glutamate (MSG) may hamper the growth of the APAC savoury ingredients market.

Companies in the APAC region are showing a growing preference towards natural savoury flavours and ingredients over artificial flavours. Several companies are also adopting yeast extract in food, which imparts a salty and savoury flavour and reduces bitterness.

China is the fastest growing market followed by markets in the ASEAN countries. The market in China is estimated to represent the highest value share of 35.1% in 2016 and is expected to register a CAGR of 6.6% in terms of revenue over the forecast period. The ASEAN market is likely to represent 25.4% value share by the end of 2016 and is anticipated to register the second-highest CAGR of 6.5% in terms of value over the forecast period. The savoury ingredients market in India is expected to expand at a CAGR of 5.9% over the forecast period. The Japan savoury ingredients market is expected to grow at a CAGR of 4.5% over the forecast period.

Leading players in the APAC savoury ingredients market include Angel Yeast Co. Ltd., AB Mauri Food Inc., Ajinomoto Co. Inc., FOODCHEM International Corporation, The Fufeng Group, Halcyon Proteins, Sensient Technologies Corporation, Royal DSM, Lesaffre (Biospringer), and ABF Ingredients (Ohly).

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Biostimulants Market Was Valued At US$ 2.3 Bn In 2019, And Is Projected To Exhibit A CAGR Of 11% Over The Forecast Period 2019-2029

The consumption of biostimulants is rapidly gaining pace across all agrarian countries around the world as a preferred crop growth enhancer that is free from any synthetic ingredients and objectionable side effects. The product has been provided on a high commercial scale by tier-1 global scale market players as well as regional and domestic enterprises. The growth of organic-based farm products has also envisaged the use of biostimulants to a healthy extent.

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The global biostimulants market was valued at US$ 2.3 Bn in 2019, and is projected to exhibit a CAGR of 11% over the forecast period (2019-2029).

Key Takeaways from Global Biostimulants Market Study

The acid-based active ingredient type of biostimulants is commonly used by a majority of agricultural professionals for row crops as well as for other types. However, in wake of continued product innovations, newer types for microbial growth amendment, minerals tracing, etc., are more likely to be sought by end users.
Horticulture-base crop produce to foresee a boost in consumption of biostimulants, as these crops are more prone towards microbial reactions. The development of diverse varieties/ grades of fruits and vegetables has involved a significant use of biostimulants
Product differentiation has been followed by leading manufacturers. This involves product branding and marketing, which was otherwise clubbed into the conventional category of crop fertilizers in earlier times, and resulted in low traction of biostimulant sales.
Europe has been an early adopter of biostimulants, owing to product development and compliance of eco-friendly initiatives as proposed by HSE (Health, Safety and Environment) management bodies. Over the due course of time, the region has emerged as the leading consumer of biostimulants, and will account for half of global sales in 2019.
However, with emerging markets such as India and China, the paradigm shift of growth is expected to be concentrated over East Asia over the forecast period.

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“With growing preference of bio-based ingredients in agrochemicals and crop growth additives, as well as increasing agricultural and horticultural produce around the globe, the biostimulants market offers lucrative business opportunities to concerned market participants and interested stakeholders in the coming years.”

Biostimulants Market: Competitive Landscape

The biostimulants market is highly competitive with a rich palette of global and regional players. Global players such as Valagro SPA, Koppert B.V., Syngenta, BASF SE, UPL Corporation Limited, Novozymes, Isagro SPA, and FMC Corporation have invested strategically in the biostimulants market, and have launched basic and premium grades at different pricing levels to increase their earnings and profit margins. This suggests that, major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming future. Research & development, coupled with expansion of supply and distribution footprint via all possible trade channels, remains the key strategy for manufacturers to enhance business growth and capture new market opportunities.

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South East Asia to Offer Lucrative Growth Opportunities

South East Asia is anticipated to hold a prominent share of the global biostimulants market, owing to the high per acre agricultural production rate as compared to other regions. Another key factor driving the growth of the biostimulants market in East Asia is the decrease of natural soil fertility due to environmental amendments, which has compelled agricultural professionals to infuse biostimulants in crop produce by themselves.

APAC Functional Food Ingredients Market Size Estimates and Forecasts by Region, Growth Rate and Trend Analysis by Types and Application 2022 to 2032

In line with increasing incorporation into a variety of fortified F&B products such as fresh produce, packaged foods, dairy products, and functional beverages, functional food ingredients continue to solidify their position in the industry. Ascending sales of healthy or functional drinks is particularly benefiting the growth of functional food ingredients market in Asia Pacific (APAC).

Set to surpass the value of US$ 3.5 Bn by 2022 end, APAC functional food ingredients market will witness a robust CAGR during 2022 – 2032.

Key Takeaways – Functional Food Ingredients Market Study

Growing popularity of omega-3 as a supplement in the Asia Pacific region is expected to boost the growth of the functional food ingredients market, particularly in the spreadable fats and oils food products segment.
- ASEAN is ranked as the seventh-largest economy in APAC, and consumers in this region are more inclined towards intake of nutritional food products that offer various health benefits.

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Multinational companies manufacturing functional food ingredients are taking initiatives to tackle nutritional deficiencies. Companies such as Nestlé and Unilever have started food fortification to add both macro and micronutrients in their food products.
- Nestlé S.A. started fortification of its products such as cereals to target deficiencies in specific global markets. By 2016, the company fortified 200 billion servings of food and beverages, worldwide, while partnering with the HarvestPlus program (bio fortification) and agricultural research partners in India.
- Unilever PLC partnered with the World Food Program to launch ‘Together for Child Vitality’, an initiative to improve the nutrition and health of school-aged children. Unilever PLC fortifies products such as spreads, seasonings, porridges, and bouillons, which are affordable and easily accessible.
Japan is perceived as a highly profitable market for manufacturers of functional food ingredients worldwide.
- In 2017-18, 8-10% of Japanese population was diabetic, which created significant opportunities for manufacturers of functional food ingredients to target this demographic by offering products to mitigate the impact of diabetes.

Consumer inclination towards preventive healthcare remains the key booster to growth of functional food ingredients market in APAC. A new research study of Future Market Insights (FMI) states that growing demand for natural functional food ingredients has been a remarkable trend that would further shape the sales of prebiotic ingredients. This is likely to be among the key factors influencing market growth in APAC.

Know More About Report Inclusions

Future Market Insights, in its new offering, provides an unbiased analysis of the global functional food ingredients market, presenting functional food ingredients historical demand data (2017 – 2021), and functional food ingredients forecast statistics for the period of 2022 – 2032.

The study divulges compelling insights on the functional food ingredients market based on ingredient type (minerals, vitamins, probiotics, prebiotic & dietary fiber, proteins, carotenoids, and omega-3 fatty acids), based on application (beverages, dairy & products, and bakery & confectionery).

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Natural Food Colours Market size, Insights, Prospects, Growth Trends, Key Trends, Opportunities and Forecast until 2028

Future Market Insights’ outlook on the natural food colours market studies the growth path of the global market over a 10 year period from 2018 to 2028. According to the report, growing consumer preferences for natural food colours over synthetic variants is anticipated to drive revenue growth in the coming decade. The study forecasts revenue from the sales of natural food colours to cross US$ 7,500 Mn by the end of 2018 and reach a value in excess of US$ 14,000 Mn towards the close of 2028. This translates to a CAGR of 6.5% in the next 10 years.

Growing Health Awareness and Increasing Consumer Demands for Clean Label Food Products Boosting Sales of Natural Food Colours

Over the years, there has been a steady rise in demand for clean label food and beverage products, especially in the infant / children food products category. This has resulted in the launch of clean label F&B products across the globe. This factor is fuelling global demand for natural food colours used to manufacture these products. Consumers are becoming increasingly aware of the ill effects of consuming synthetic raw materials such as food colours, used in the production of various types of food and beverage products. Consumers are particular about verifying food labels and ingredient compositions, and there is rising preference for natural, organic, and non-GMO products. As a result, the adoption of natural food colours has witnessed a sharp rise in the last few years.

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Increasing Government Approvals for Natural Food Colours Acting in Favour of Market Revenue Growth

In the wake of a growing number of petitions by manufacturers of natural colours for the use of natural food colours in their products, governments of various countries have undertaken initiatives to promote natural colour pigments. Governments are also imposing stringent rules and regulations pertaining to the use of clean label and eco-friendly food and beverage products. This is further augmenting growth of the natural food colours market as manufacturers of food and beverage products are increasingly adopting natural food colours in their formulations.

Manufacturers of Natural Food Colours Leveraging Lucrative Market Opportunities to Ensure Sustained Growth and Gain Competitive Edge

The natural food colours market is characterized by the presence of top companies operating in the global market. With consumers moving from synthetic to natural and clean label food ingredients, the global market provides plenty of opportunities for manufacturers of natural food colours to offer cost-efficient natural food colours to cater to different end uses in the food and beverages industry. Attempts by manufacturers of natural food colours to meet the rising demands from consumers are supported by initiatives undertaken by associations such as The International Association of Color Manufacturers (IACM), EU Specialty Food Ingredients, and Natural Food Colors Association (NATCOL) to protect and enhance key stakeholder interests in the global natural food colours market.

Manufacturers of natural food colours are also leveraging technological advances in the F&B industry to improve their production processes. For instance, companies are using the microencapsulation technique in the colour delivery system and in the final product formulation. Manufacturers are also engaged in producing a variety of natural food colours to cater to a wide spectrum of food and beverage products. A breakthrough technology in the natural food colours market is the development of fermented carmine solution. Such innovations and technological developments are anticipated to bolster revenue streams in the global natural food colours market.

Another lucrative opportunity for manufacturers of natural food colours is in the meat industry. Natural food colours are widely used in meat products. For example, natural yellow colour is finding increasing application in pork, meat, and bakery products in Japan. Gardenia yellow – another natural food colour variant – is predominantly used in rice cakes, noodles, and other food and beverage products. Manufacturers are creating new product formulations that are more temperature compatible and stable for specific use in meat products.

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Colostrum Market Analysis by Growth, segmentation, performance, Competitive Strategies and Forecast to 2031

Colostrum is a gift from nature in the form of first food.It constitutes a lucrative market, which has been studied by Future Market Insights (FMI) in details. According to the report, the increasing awareness about various health benefits of colostrum, will enable the market reach a valuation of US$ 3.19 Bn in 2021.

Colostrum helps babies and new-born animals develop and thrive.Studies have shown that taking bovine colostrum supplements can boost immunity, combat diseases, and enhance gut health in adults.It is a pre-milk material developed by all mammals during the birthing process. Colostrum is a mixture ofgrowth and immune factors, as well as essential nutrients, all of which are intended to stimulate a newborn’s immune system, growth and help their digestive health, ensuring their overall health, strength.

Colostrum is beneficial to human body in two respects. First, the immune system is bolstered because of the presence of several immune factors and natural antibiotics. Second, its numerous growth factors provide the organism with a broad-spectrum boost, promoting optimal health and healing. Immunoglobulin, growth factors, and antibodies all play a part in passive immunity, which is the prevention of infection.

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Leading manufacturers of colostrum are focusing on establishing strong distribution channel as they identify the regionsshowcasing high demand for colostrum.They also are establishing their presence on online retail channels such as Walmart, Amazon, and many more to gain maximum traction of the consumers.

Colostrum in pharmaceuticals works like magic when it comes to growth and immunity.Various pharmaceutical manufacturers are offering colostrum as supplements in the form of tablets.The powder form of colostrum also is highly accepted by the consumers. Gym enthusiasts are looking for natural proteins with high nutritional contents are settling down with colostrum. Continuous research and development undertaken by manufacturers are helping the colostrum market to gain high traction.

For instance- in 2019 a clinical trial conducted by BiodanePharma A/S on Bovine colostrum against gastrointestinal toxicity caused by chemotherapy in children with acute lymphoblastic leukaemiaWhen compared to patients in the placebo community, paediatric patients with acute lymphoblastic leukaemia who received bovine colostrum had significantly lower peak scores for oral mucositis.

Rising Demand for Probiotics and Colostrum to Aid Growth

Probiotic products are becoming increasingly common in the fast-growing health sector. Consumption of probiotics such as lactobacillus acidophilus has increased significantly, as it promotes the growth of beneficial bacteria in the gut.By maintaining a stable intestinal climate and balance, probiotics help to prevent diseases like ulcerative colitis and colon cancer.

Probiotics in colostrum are gaining popularity as a way to help children with gastrointestinal issues. The favourable market view is expected to support manufacturers selling probiotics and colostrum products in the near future.

Who is winning?

Some of the key players operating in the Colostrum market are, Colostrum BioTec GmbH, Zuche Pharmaceuticals, BiodanePharma A/S, Agati Healthcare Pvt. Ltd., McePharma, Cure Nutraceuticals Pvt. Ltd., Ingredia Nutritional (Ingredia S.A.), Sterling Technology, Biotaris B.V., NIG Nutritionals Limited, La Belle Inc. and other players.

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Red Berries Market Size (Value & Volume), Future Trends, Opportunities and Sales Channels, Forecast 2026

Red berries are gaining popularity as a natural ingredient, with global demand growing by 1.9% volume in 2016. The all-pervasive, ‘health and wellness’ trend will continue to influence demand positively, as global revenues are expected to surpass US$ 18.5 Mn in 2016, up from US$ 18.1 Mn in 2015.

Beverages will remain the largest application segment for red berries, accounting for 5.3 Mn tonnes of demand in 2016. This is an increase of over 3.5% over 2015. Dairy products, the second largest application segment will grow by 2.8%.

By berry type, grapes will continue to witness highest demand from end-use industries, growing by 3.2% in 2016. This will represent a market value of over US$ 8.9 Mn.

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By product type, juice concentrates will maintain their dominance in 2016 as well, representing over 34.3% revenue share of the market. Juice concentrates volume will grow by 3.6% in 2016, and total US$ 6.4 million in revenues.

Western Europe, the largest market for red berries, will increase its revenue share of the market to 25.5%. North America the second largest market will register impressive growth in 2016.

Ocean Spray Cranberry Inc., Döhler Group, SunOpta, Inc., Hortex Group, Milne Fruit Products, Fruit d’Or, Townsend Farms, Inc., Kerr Concentrates Inc., Maberry & Maberry Berry Associates, Pacific Coast Fruit Products Ltd., NorthWest Berry Co-op and Berryhill Foods Inc. are some of the key players in this market. Leading companies are focusing on expanding their production capacity and launching new product offerings to meet the growing demand for red berries. Developing economies, where there is rapid growth in demand for natural ingredients, are expected to remain a key target market for red berry manufacturers.

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Agar Market Trends, Strong Application Scope, Key Players, Growth Overview and Forecast by 2026

Agar being used as an essential natural ingredient in food and beverages; in technical application; in bacteriological and many other sectors is propelling the demand for agar. Future Market Insights (FMI) estimates global agar volume to surpass 10,968.8 tonnes by 2016 end and represent market value of over US$ 220,838.5.

In global market, the demand for agar is dominated by food and beverage segment which especially includes bakery and dairy products. Companies dealing in agar products are promoting agar as an ingredient which has natural and health benefits. Apart from its wide application in food and beverages industry, its application is also increasing in cosmetics, pharmaceuticals, media culture and medical analytics.

Food and beverage industry is the largest segment which are preferring agar as a thickener and stabilising agent and is expected to account for over 84.0% value share in 2016. Moreover, food and beverage segment is expected to reach 9,216.8 tonnes in 2016 – an increase of 1.5% over 2015.

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The form segment includes strips and powder. With powder segment registering significant revenue generation and estimated to account for 63.5% value share in 2016. FMI estimates global consumption of agar powder to surpass 6,969.7 tonnes by 2016 end, an increase of 1.7% in 2016 over 2015.

In terms of consumption, Western Europe is the largest consumer with the total consumption estimated at 3,012.7 tonnes in 2015. Among all the regions, APEJ is predicted to observe robust growth over forecast period 2016–2026.

Agarmex, New Zealand Manuka Group, Hispanagar, Acroyali Holdings Qingdao Co. Ltd., Industrias Roko, S.A, Neogen, Merck Group, Agarindo Bogatama, Setexam and Norevo Gmbh are the major companies identified across the value chain in the global agar market. Companies are also emphasising on research and development for application of agar in technical applications.

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Animal Feed Additives Market Covid-19 Impact Analysis, Size, Share, Key Trends, Demand and Forecast till 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the animal feed additives market reached US$ 16,364.1 Mn in 2021. With increasing adoption of protein-based animal feed additives, the market is poised to expand at a steady 2.70% CAGR between 2021-2031.

The increasing demand for high-quality and nutritious animal products such as eggs, meat, and milk have underscored the need for a balanced diet in livestock. Driven by this, farmers are heavily investing in animal feed additives to suffice the dietary requirements in livestock, thereby promoting sales in the market.

Moreover, the ever-increasing meat consumption in various countries is generating demand for animal feed additives in animal husbandry and pisciculture.

To promote better health and productivity in animals, governments in various countries have banned the use of antibiotics in animal feed, which is increasing the adoption of plant-based animal feed additives in the market.

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Stringent regulations regarding product labeling are encouraging producers to improve ingredient selection and enhance research and development for launching better products in the market. Increasing awareness regarding a balanced diet in the livestock industry will remain a major factor driving sales in the market.

As per FMI’s regional analysis, the U.S. will dominate the animal feed additives market, owing to the presence of well-established agriculture and livestock industry. Apart from this, the growing population and meat consumption in the country is anticipated to shoulder market growth in the near future.

Key Takeaways from Animal Feed Additives Market Analysis

Amino acids will emerge as the most preferred product type, owing to their health benefits including improved digestion and gut health.
Animal feed additives will be widely adopted in the poultry sector, due to growing demand for eggs and chicken in several countries.
Sales of plant-based animal feed additives will gain traction for improving the texture, taste, and odor of animal feed.
The U.S. is anticipated to witness high demand for animal feed additives due to expansions in the agriculture and livestock industry.
China will exhibit lucrative growth patterns, owing to increasing meat production and consumption in the country.
Prevalence of regional and global market players will shape the sales outlook of animal feed additives in Germany.
Growing population and shifting consumer preference towards protein-rich diet will foster sales of animal feed additives in India.
Japan and South Korea will collectively account for 13% of the total market share.

Competitive Landscape

Ajinomoto Co., Inc., Akzo Nobel N.V., Alltech Inc., Archer Daniels Midland Company, BASF SE, Biomin GmbH, Cargill Inc., Chr. Hansen Holding A/S, CP Group, E. I. du Pont de Nemours and Company, Evonik Industries AG, Invivo Group, Koninklijke DSM N.V., Kemin Industries, Lallemand Inc., Norel S.A., Novozymes A/S, Nutreco, Phibro Animal Health Corporation, Novus International Inc., Tyson Foods, Inc., and Solvay Group are among the leading players operating in the animal feed additives market.

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Aloe Vera Extracts Market 2016: Global Industry Analysis, Size, Share, Growth, Trends And Forecast To 2026

Aloe vera extracts are gaining traction as an essential ingredient in food, cosmetics and pharmaceuticals, with global volume to surpass 60,720.4 tonnes in 2016 end, representing revenues worth US$ 1.6 Bn.

Demand for aloe vera extracts for manufacturing aloe vera gels, cosmetics products, juices, and yogurts will continue its upward momentum in 2016 as well. The all-pervasive health and wellness trend will also boost positive sentiment on aloe vera, with wide-ranging applications in low-calorie fruit juice and packaged drinking water opening up new avenues of growth.

Cosmetics, the largest end-use sector for aloe vera extracts, will account for over 45% of global demand in 2016, with annual volumes totalling 27,458.5 tonnes – an increase of 6% over 2015.

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Among all the product type segments, aloe vera whole leaf extracts will continue to grow at a relative higher rate, representing 41% volume share of the market in 2016. Global consumption of aloe vera whole leaf extracts will surpass 25,280.2 tonnes by 2016 – an increase of 6.2% in 2016 over 2015.

Germany was the largest consumer of aloe vera extracts in 2015, with total consumption at 3,139.2 tonnes. It will further its lead as the largest market in 2016, witnessing a y-o-y volume increase of 5.3%. Demand will continue to grow at a healthy rate in Asia Pacific, where a rapidly growing middle class with increasing disposable income is making a steady shift to natural and organic products.

Lily of the Desert Organic Aloeceuticals, Aloe Farms Inc., Terry Laboratories Inc., Foodchem International Corporation, Natural Aloe Costa Rica S.A., Pharmachem Laboratories Inc., Aloecorp Inc., and Aloe Laboratories Inc. are the market leaders identified across the value chain in the global aloe vera extracts landscape. The global aloe vera extracts market is highly fragmented, with the top eight players accounting for around 6–7% revenue share of the global market in 2015. Leading companies are looking to expand their production capacity and launch new product offerings in a bid to increase market share, expand customer base and achieve a competitive edge.

Long-term outlook: FMI maintains a positive long-term outlook on the global aloe vera extracts market, estimating global revenues to surpass US$ 3.3 Bn by 2026. Volume-wise, the global aloe vera extracts market is anticipated to expand at 7.4% CAGR through 2026.

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