Floral Flavour Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

Surpassing global market revenues of US$ 850 Mn in 2019, sales of floral flavours will see momentous growth over the course of following years. During 2019 – 2027, global floral flavour market is poised for a CAGR of over 7%, as projected by a new Future Market Insights (FMI) study.

Consumers are showing interest in unconventional and authentic flavours in their food and beverage products offering unique mouthfeel. The number of products containing floral flavours has increased multifold from 2015-2018, as they account for a sensorial effect and deliver novel and interesting taste experiences to consumers.

Key Takeaways – Floral Flavour Market Study

  • Consumers seek products that have their roots in a pre-industrialized food system that is centered around whole, natural, and unrefined ingredients. Floral flavours match the growing consumer’s interests in authenticity of their products. Thus, floral flavours are witnessing a surge in demand.
  • In 2019, Firmenich SA, a privately-owned flavour and fragrance company, declared hibiscus as the Flavour of the Year, based on the increasing appeal of usage of hibiscus in food and drinks. Hibiscus is gaining traction in the flora flavour industry due to its appealing attributes, like the pleasant aroma coupled with a touch of tangy profile.
  • Besides, the hibiscus-based floral flavour is gaining popularity in applications such as beer, yogurt, chocolates, and tea, especially in the United States, Mexico, Brazil, and Denmark, with growth also taking place in Italy and Spain.
  • Beverages sector contributes more than half of the total floral flavour market share. Floral flavours are appearing in revitalizing, healthy product launches. Lavender, rose, jasmine, elderflower, and hibiscus flavours are witnessing significant demand, predominantly for use in soft drinks.
  • Frequent new launches in the alcoholic beverages category are progressively featuring floral flavours to gain greater consumer traction and achieve marketing differentiation.
  • Europe and North America will be significant in the global floral flavours market over the forecast period. The demand for floral flavours has especially impacted the European flavour industry.

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Consumers are increasingly looking for healthier, authentic, and natural-tasting infused beverages, fusion drinks, and floral-infused RTD coffee. Thus, new entrants seeking to establish their position in the floral flavours market must focus their efforts on the beverage industry.

Botanicals Trending Floral Flavour Space

New floral flavours are emerging to witness increasing demand from the food and beverage industry. With an increasing assortment of floral flavoured mixers and edible flowers, food and beverage manufacturers are experimenting with amalgamation of floral flavours to eventually create unique recipes. The increase witnessed in manufacturers’ investments into floral flavours is indicative of the fact that the botanical flavour trend is here to stay in the long run.

Europe Remains Important Market for Investors

European markets are rapidly witnessing new product launches featuring infused floral flavours in vast products ranging from chocolates, snacks, yogurts, beverages, and many more. In the United Kingdom, Rowntree released fruit and flower-infused pastilles, whereas, in Germany, Alpro launched orange blossom-flavoured apricot soy yogurt. Fermè, an Italian fruit supplier company, launched vegan cheese with fermented cashews preparation, infused with flowers and herbs in the U.K.

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Manufacturers Augmenting R&D Investments to Develop Application-specific Flavours

Key players operating in the flavour industry are investing more in research and development activities to upscale their floral flavour production capacity and to provide consumers with unique blends of floral flavours. Flavour manufacturers are strengthening their partnership with end-user industries to meet the growing demand for innovation in food and drink offerings.

  • In April 2016, Givaudan S.A., a leading flavour manufacturing company in Switzerland invested US$ 126Mn to open an innovation center in Switzerland.
  • In July 2016, Takasago International Corporation invested towards a new development center for flavours and fragrances in Mexico, to enhance its product portfolio and presence in Latin America.

Know More About What the Report Covers

Future Market Insights, in its new offering, provides an unbiased analysis of the global floral flavours market, presenting historical demand data (2016-2018) and forecast statistics for the period from 2019-2027. The study divulges compelling insights on the floral flavours market based on the raw material (hibiscus, lavender, neroli/orange flower, rose, elderflower, jasmine, cherry blossom, chamomile, and violette), end-use (food- dairy, bakery, confectionaries, snacks, fats and oils, and beverages- alcoholic beverages and non-alcoholic beverages), and product type (natural, organic, and artificial) across seven major regions.

 

Coconut Flour Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

Key excerpts from Future Market Insights’ latest report on the global coconut flour market projects that by the end of 2026, around 850.8 Thousand Tonnes of coconut flour is expected to be consumed across the globe. Increasing awareness amongst consumers about health benefits of coconut flour is expected to fuel its demand over the next couple of years. Moreover, coconut flour is gluten-free, making it consumable for those who are allergic to wheat or are sensitive to other similar gluten-based substances. Coconut flour has emerged as a good alternative for wheat flour. In recent past coconut flour has also seen a surge in its sales, owing to the rising demand for functional flour.

In terms of production, China is the leading producer of Coconut Flour followed by Poland, Germany, Chile and Austria. Production of coconut flour in Ukraine has also spiralled in last 3 years. Meanwhile, the Western Europe region holds the top position in terms of consumption followed by North America. Most European consumers value quality and prefer natural products that are healthy and carry no side effects, hence the demand for healthy food products such as coconut flour is significantly high in this region. In North America, the U.S. is a major importer of coconut flour and accounts for a sizeable share of the market.

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The FMI report titled “Coconut Flour Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027” reveals that the global coconut flour market is set to expand at a CAGR of 6.6% to reach a valuation of 725.5 Mn by the end of forecast period. In 2017 and beyond, the market is expected to be governed by a number of trends, which include:

  • Soaring popularity of coconut flour tortillas in several parts of the world. From an exotic food item, coconut flour tortillas are now turning into mainstream pantry food.
  • In countries such as Japan and the U.S., people are trying to developing new products using coconut flour as a key ingredient. Tortilla chips made with coconut flour has been a great success and well appreciated by food lovers.
  • Coconut flour is being increasingly used in manufacturing the nutritional bars, chocolate fillings, and other baking products such as pizza base, and bread.
  • Growing demand for coconut flour based food products in the emerging countries such as China and India.
  • Increased availability of coconut flour, owing to setting up of organised retail structures in both developed and developing regions.

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Celebs Coconut Corporation, Nutrisure Ltd., Nutiva, Inc, Bob’s Red Mill Natural Foods, Primex Coco Products Inc., The Coconut Company, Connecticut Coconut Company, Van Amerongen & Son., Healthy Traditions and Smith Naturals are some of leading manufacturers of coconut flour profiled in the FMI report.

US$ 7.53 Billion Europe Malt Extracts Market Driven by Pervasive Health and Wellness Trend

Rising consumer awareness about the high nutritive value of diastatic malt extract will continue to drive the growth of Europe malt extract market Increasing health awareness and rising consumer demand for traditional foods will also influence demand. However, non-availability of substitutes and shortage of malt owing to increasing usage in breweries can impede demand. These insights are according to a new research report by Future Market Insights.

The key trends influencing the Europe malt extract market include,

  • Increasing preference for gluten-free bakery products: Concerns about rising obesity levels is prompting consumers in Europe to opt for gluten-free bakery products. Gluten-free malt extract is used as a colouring and sweetening agent in a variety of products. Owing to this, it is expected that demand for malt extracts will witness steady growth during the period 2016-2026.
  • Government regulation on additive-free products: The industry-wide focus on additive-free products has led to increased demand for malt extracts, as these reduce the need of adding synthetic flavours, resulting in extended shelf life of products.
  • Marketing aligned with ‘health and wellness’: Manufacturers are focusing on selling the ‘health and wellness’ attributes of malt extracts, by creating relevant marketing campaigns.
  • Preference for sugar-free label products: Non-diastatic malt extracts naturally convert to sugar, reducing the need for addition of sugar. Owing to these factors, demand for malt extracts is expected to witness an increase during 2016-2026.

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A Highly Fragmented Market 

Top three players – Group Soufflet, VIVESCIA Industries, and Cargill Incorporated – account for over 28% volume share of the Europe malt extract market. The Europe malt extract market remains quite fragmented fifteen players accounting for nearly 72% volume share. Both established and emerging players are focusing on increasing their production capacity and acquisition of niche players to boost their market position.

The Europe malt extract market was valued at US$ 7.53 billion in 2016. Future Market Insights projects it to grow at 5.6% CAGR during the forecast period 2016-2026, reaching US$ 12.94 billion in revenues.

Barley Remains the Largest Source 

Barley remains the largest source for malt extracts, accounting for nearly 75% revenue share of the market in 2016. In 2016, this segment was valued at US$ 5.63 billion; in terms of volume, demand for barley was worth nearly 9 million tonnes in 2016. Wheat remained the second largest source, followed by rice and rye.

Dry Malt Extracts Continue to Witness Higher Demand

Malt extracts are available in dry and liquid form, with the former accounting for bulk of demand. Demand for dry malt extracts will continue to remain higher than liquid variants throughout the forecast period. While dry malt extract volume is projected to grow at 4.6% CAGR, demand for liquid malt extracts will grow at 3.9% CAGR.

Standard Outsells Speciality 

Future Market Insights has also segmented the Europe malt extract market on the basis of product type into standard and specialty. The standard segment accounted for over 77% revenue share of the market in 2016; this is expected to decrease to 76% by the end of forecast period.

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Beverages Largest Application Segment 

Beverages continue to remain the largest application segment of malt extracts. This segment held 48% revenue share of the market in 2016. Bakery and confectionary remain the other key application segments.

Western Europe Accounts for Bulk of the Demand 

Demand for malt extracts is concentrated in Western Europe, owing to the presence of a large number of manufacturers. Future Market Insights projects Western Europe to remain the dominant region for malt extracts during the forecast period.

Global Consumption of Asparagus Poised to Reach 10 Million MT by 2027-End

Key excerpts from Future Market Insights’ latest report on the global asparagus market project that by the end of 2027, around 10,300,521.7 metric tonnes (MT) of asparagus will be consumed across the globe. The sales of 10 million MT of asparagus are estimated to bring in revenues worth over US$ 37 Bn. Rising awareness among consumers regarding benefits of consuming asparagus is expected to instrument the growth in global consumption. By helping consumers boost their immunity, enhance brain function, and at certain extent, fight cancer, asparagus will continue to be an essential vegetable rich in nutrients.

In terms of production, China is expected to remain the world’s largest asparagus producer throughout the forecast period, 2017-2027. In 2014, China recorded production of half a million metric tonnes of asparagus. China’s contribution to the asparagus market in Asia-Pacific will remain significant. However, brimming demand for asparagus makes Western Europe the largest market, procuring over 40% share of global revenues. North America is also expected to be at the forefront of expansion of the global asparagus market, recording consumption of nearly 2 million MT of asparagus by 2016-end.

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In spite of ample production and growing awareness regarding benefits of asparagus, the market is poised to grow at a moderate place. In terms of volume, the market is projected to showcase a 2.2% CAGR, while global asparagus revenues are projected to soar sluggishly at 3.1% CAGR during the forecast period. The report, titled “Asparagus Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” has identifies key restraints for the growth of global asparagus sales, which include:

  • Farmers Opting for Direct Marketing – Farmers cultivating asparagus sell their produce by themselves, through traditional village bazaars and roadside outlets. Large and small restaurants as well as common consumers are also preferring to purchase this farm-fresh asparagus through direct marketing of farmers. This practice is impacting the global asparagus sales, but at a moderate extent.
  • High Costs for Processing & Storage of Asparagus – The most crucial inhibitor for growth of global asparagus sales is the need for higher capital investment in storage and processing of asparagus. Cost of packaging, cooling and transportation is relatively high, which reduces the price per pound of asparagus. Reduction in price per pound further leads to monetary losses for manufacturers. Processed asparagus, such as asparagus in brine, soups, mixed vegetable products etc., being sold at higher cost price, is expected to result in lower uptake among some sections of consumers in the world.

Leading manufacturers of asparagus include: Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, THIERMANN SPAGEL FARM, ILIOS – The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.

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Additional Highlights from the Report –

  • By the end of 2017, the report estimates that over 8.2 million MT of asparagus will consumed globally, raking in US$ 27.7 Bn revenues
  • Towards the end of 2027, over three-fourth of global revenues will be accounted by sales of fresh asparagus
  • Likewise, green asparagus will also hold 75% share of global revenues throughout the forecast period, registering revenue growth at 3.3% CAGR

About Food Market Division at FMI

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

 

Investments in Cold Storage Infrastructure will IQF Vegetable Market to Surpass US$ 2.4 Bn Valuation by 2031: FMI Report

Consumer awareness is on the rise regarding the consumption of IQF vegetables through various food applications. Most regions are witnessing a surge in demand due to the nutritional benefits of IQF vegetables. According to a new report by Future Market Insights (FMI) the IQF vegetables market is set to display a moderate CAGR of 4.5%, reaching a US$ 2.4 billion valuation by the end of the assessment period.

The use IQF vegetables in juice production is surging, which is further used in a range of end-use industries, including personal care and cosmetics. The demand from consumers for cosmetics with natural ingredients is likely to push IQF vegetable juice production for use in foundations, mascaras, creams, and more.

Increasing use of IQF vegetable fast food, including pizzas and burgers is driving demand. Frozen vegetables are commonly used in the preparation of fast food. Many fast food producers, such as Domino’s and McDonald’s Corporation have switched to IQF vegetables in a large number of restaurants based in North America and Western Europe.

IQF vegetables are primarily used in the food and beverage industry. They have also found application in the production of concentrates. Improvements in cold storage facilities for supply chains will remain key to the growth of the industry for the foreseeable future.

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Key Takeaways from the IQF Vegetable Market Study

  • The U.K and Germany have been forecast to hold 38.2% share in the Europe market in 2021.
  • GCC countries are expected to witness the highest Y-o-Y growth rate ranging from 5.4% to 10.2% from 2021-2031, aided by investments in industry infrastructure.
  • IQF tomato products are expected to reflect strong growth, supported by positive consumer perception towards puree products.
  • Broccoli and cauliflower products will register a CAGR of 5.1%, aided by demand in the food service sector across Europe and North America.
  • India and China will emerge as high potential market, supported by a vast consumer base, albeit being restricted by inadequate cold chain infrastructure.

“IQF technology has created a novel growth opportunities in the frozen food ecosphere. Vegetables processed by IQF technology have longer shelf lives. The increasingly fast-paced lifestyles of working-class consumers have resulted in high demand for convenience foods, which in turn has helped the IQF vegetable market grow through 2021,” says a lead analyst at FMI

Ready-to-eat Food Applications to Create Growth Opportunities

Globally, the value and volume share of ready-to-eat food applications to the overall IQF vegetables market will rise significantly in the coming decade. This can be attributed to the strong demand for IQF vegetables by end-user industries due to consumer preference for convenience foods particularly in urban areas.

Ready-to-eat food producers in North America, Europe, and APEJ are reflecting faster growth due to the fast-paced life of the working-class population who are using IQF vegetables to reduce output time, while also reducing operational time and costs. Innovation and the launch of new ready-to-eat food products will boost the IQF vegetable market for the foreseeable future.

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Who is Winning?

Concentrates being produced from IQF vegetables is an emerging trend in the global IQF vegetable market. Processes such as heating and drying are consequently gaining traction.

Vegetable concentrate manufacturers prefer IQF vegetables, owing to a long shelf life. Leading producers in the market are largely focusing on capacity and geographical expansion strategies, to leverage unexplored opportunities in emerging economies.

Some of the leading companies offering IQF Vegetable are B&G Foods Holdings Corp., Capricorn Food Products India Ltd, ConAgra Foods, Inc, Dole Food Co., Greenyard NV, J.R. Simplot Co., Kerry Group Plc., Pinnacle Foods, Inc., SunOpta Inc., Uren Food Group Limited, and other.

Get Valuable Insights into IQF Vegetable Market

Future Market Insights, in its new offering, provides an unbiased analysis of the IQF vegetable market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the IQF vegetable market based on type (beans, peas, corn and baby corn, broccoli and cauliflower, potato, onion, tomato, and carrot), by application (food, beverage, and concentrate) across ten major regions North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA.

About Food Market Division at FMI

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

Dietary Fibres Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

In a recent study, Future Market Insights (FMI) offers a perspective on the growth trajectory of dietary fibres market for the period between 2022 and 2032. As per the report, global consumption volume of dietary fibres reached 1.8 metric tons in 2021, equaling revenues worth ~US$ 8.47 Bn. Gains will remain driven by increasing consumer awareness regarding the benefits of dietary fibres along with food manufacturers engaging in fibrous NPDs (new product developments).

As healthcare professionals continue to encourage fibre intake as a key to improving long-term health, market players are significantly paying attention to value-added offerings. Big brand companies as well as small high-tech startups are rigorously exploring the potential of dietary fibres in their products, which is likely to promise new beginnings for the market stakeholders.

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Consumers, leading fast-paced lives, have started to keep an eye on dietary recommendations, resulting in a move towards proactive healthcare and lifestyles. As consumers are becoming food explorers and newer trends are emerging at rapid pace, FMI’s analysis infers that the dietary fibres market players are placing betting on R&D investments and new product launches.

Fibre intake has been alarmingly low in various regions, resulting into population-wide deficiency – known as ‘fibre gap’. As science behind dietary fibres expands, this ingredient has been witnessing renewed interest from young consumers for weight management benefits, while aging consumers tend to seek digestive health benefits.

Stakeholders Leverage White Spaces to Drive Sales Opportunities

According to the FMI study, the dietary fibres market is likely to grow at CAGR of ~10.6% during the predefined timeframe. Obesity, diabetes, and other lifestyle diseases are on the rise, especially in developed regions, and as a result consumers are increasingly becoming health conscious and spending on high nutritional products. The study opines that a rise in consumer preference for maintaining a healthy diet and regulating body weight will provide a strong business outlook for the market players.

Use of soluble dietary fibres has been confined in functional F&B industry as a highly nutritive ingredient, while stakeholders are focused on identifying and leveraging the white spaces in their application, which range from pet food to cosmetics. Capabilities of corn fibre as an effective fibre source for pets, lignin as an emulsifier and efficient substitute for whole eggs in bakery products, pectin in food processing, and beta-glucan in cosmetic production are increasingly being explored. As the market continues to benefit from consumer shift towards plant-based ingredients and sugar substitutes, stakeholders are further exploring new sources of dietary fibres, apart from cereals & grains and fruits & vegetables.

As per the study, dietary fibres market players continue to witness growth opportunities in developed markets – Europe and North America, which collectively account for ~60% revenue share. In addition to increasing consumer spending on products with high nutritional value, government agencies in the regions are undertaking awareness campaigns to bring due attention towards the need for maintaining a balanced diet, thereby creating a high demand for dietary fibres. Market stakeholders are further eyeing on newer opportunities in Asia Pacific, particularly in countries such as China, Japan and South Korea, on the back of a notable trend for healthier eating.

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FMI’s study identifies restraints that could possibly represent a threat to the lucrative stride of dietary fibres market. Research studies have found that excessive consumption of dietary fibres and their addition in processed foods can have adverse effects on human health, which may add to reluctance of consumers to adopt such ingredients.

The study opines that dietary fibres market is on an upward swing with increasing number of small players entering into the space with new product offerings that align with consumers’ trends. Leading players continue to put emphasis on filling the fibre gap through R&D activities and product innovations.

Yogurt Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

One can assume that almost every other new recipe developed by culinary experts from all corners of the world will contain some significant contribution of milk or its derivatives. Yogurt continues to be one such by-product of milk that has gained worldwide prevalence for being a key ingredient in specialised production of foods & beverages. The world has acclimated itself to a daily or regular consumption of yogurt in moderate volumes. A recent study conducted by Future Market Insights revealed that by the end of 2016, more than 37,000 KT of yogurt was consumed across the globe. People from all walks of life have cultured a taste for yogurt drinks & beverages.  So much so that yogurt has become an integral part of consumers’ daily diets.

Health benefits associated with yogurt consumption, which include lowering incidence of high blood pressure, aiding digestion, improving skin tone and being completely organic, have majorly instrumented the growth in global demand for yogurt-based drinks & edibles. At present, Future Market Insights values the global yogurt market at US$ 86.9 Bn, expects it to soar at 10% CAGR, and bring in US$ 232.1 Bn revenues by the end of 2026. Apropos such projections, the demand for yogurt products in the world is bound to surge, compelling food & beverage makers to extend their production capacity, and concurrently improve their offerings for yogurt consumers.

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The report, titled “Yogurt Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” compiles leading manufacturers of yogurt in the world. These include US-based companies such as General Mills, Inc., Chobani, LLC, Kraft Foods Group, Inc., and Canada’s Ultima Foods Inc. Correspondingly, yogurt sales in North America are projected to soar at 10.3% CAGR and rake in US$ 18.8 Bn by 2026-end. European yogurt manufacturers such as Rainy Lanes Dairy Foods Ltd., Muller UK & Ireland Group LLP, Sodiaal, Nestle SA and Danone are also prominent players in the global yogurt market. Together, Eastern Europe and Western Europe are likely to impose one-third share on the global market value, while yogurt market in the Asia-Pacific excluding Japan (APEJ) region will be consume more than 25,000 KT of yogurt through 2026. Japan’s yogurt market, on the other hand, will witness a relatively moderate growth, which will be attributed by Yakult Honsha Co. Ltd. – recognised as a leading yogurt producer in the world.

Supermarket Shelves to Remain Stacked up with Flavoured Yogurt Drinks

The report also reveals that easy availability of raw ingredients has stimulated large-scale production of yogurt, allowing manufacturers to increasing production of various types of yogurt products. In 2016, global consumption of fruit-based yogurt reached an estimated 3,591.2 KT. While regular or plain yogurt will keep garnering consistent demand, global sales of low fat & fat-free yogurt are anticipated to grow at 10.2% CAGR. Although, bland-tasting regular yogurt will keep losing its market presence as a majority of global yogurt consumers will demand some flavours in these products. Throughout the forecast period, flavoured yogurt are anticipated to account for more than half of global revenues.

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Key findings in the report indicate that almost every other yogurt product in the world will be consumed in form of drinks. While demand for strained or Greek yogurt is also considerably high, more than 40,000 KT on yogurt will be consumed as drinks or beverages by the end of 2026. Growing consumption of yogurt is also being facilitated by effective distribution through supermarkets and retail stores. Collectively, more than three-fourth of global yogurt revenues will emanate from these distribution channels.

US$ 3.2 Bn Sourdough Market Growing Steadily on Account of Growing Application in Bread Productions

The US$ 3.2 Bn sourdough market will continue to be positively influenced by increasing application in bread production. Of the US$ 3.2 Bn worth of sourdough sold in 2016, demand from the bread segment totalled US$ 2.36 Bn. This segment is projected to increase at a CAGR of 7.1% through 2026. The dominance of the bread segment can be gauged from the fact that other key application segments – pizza, buns, cakes, cookies, and waffles & pancakes – collectively accounted for nearly 27% revenue share.

Western Europe continues to the largest market for sourdough, accounting for nearly 38% share of total revenues in 2016. Adoption of sourdough in Western Europe food manufacturing units continues to remain strong. Future Market Insights estimates the Western Europe sourdough market to increase at a CAGR of 7.1% through 2026. In terms of revenues, the market is projected to grow 2X from its 2016 market valuation of US$ 1.21 Bn. In terms of volume, over 552 thousand tonnes of sourdough was sold in 2016; FMI estimates it to reach over 975 thousand tonnes in 2026.
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Opportunities in the Global Sourdough Market 

  • Increasing demand for clean-label products has presented a lucrative opportunity for businesses
  • Use of sourdough is also gaining traction owing to its application in preparation of foods that require fermentation

Key Supply-side and Demand-side Drivers 

  • According to Future Market Insights’ report, demand for sourdough is increasing on account of its beneficial functional properties. Its property of enhancing flavour and texture is a key factor for its applications in the F&B sector, especially bakery sector
  • Increase in the number of artisan bakeries is positively influencing the demand for sourdough. Particularly high demand for type 1 sourdough – made using only wild yeasts – is being witnessed in artisan bakeries
  • Availability of sourdough products on e-commerce stores is also contributing to increasing sales
  • Growing demand for sourdough from the fast food and bakery sector is creating sizeable growth opportunities for manufacturers

High cost of sourdough products is a major impediment to their widespread adoption in developing countries.

Key Trends Expected to Shape Global Sourdough Market 

  • Dehydrated sourdough (Type III) is gaining traction in the bakery industry. Freeze-drying remains the preferred dehydration technique for manufacturers.
  • Manufacturers are using devitalised sourdough for enhancing the aroma of products. Devitalised sourdough does not contain live organisms, enhancing its use as an aromatic agent
  • Consumer demand for healthy food products has resulted into the launch of chocolate sourdough loaves. Further, Future Market Insights identified increasing use of type I sourdough.
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Sourdough Market Forecast and Analysis by Starter Culture 

Type III starter culture currently accounts for nearly half of the revenue share of the global sourdough market. Over 773 thousand tonnes of sourdough was sold in 2016; by the end of the forecast period, Future Market Insights estimates global volumes to surpass 1.3 million tonnes.

Key companies profiled by Future Market Insights in its report include Puratos NV, Ernst Böcker GmbH & Co. KG, IREKS GmbH, Kampffmeyer Mühlen GmbH, Philibert Saveurs, Lesaffre, Dilbeek, Minden, Kulmbach, Hamburg, Pont-de-Veyle, and Marcq-en-Barœul.

Future Market Insights maintains a positive outlook on the global sourdough market, projecting it to grow by 6.8% CAGR through 2026 in terms of value. In terms of volume, demand is projected to grow at 5.5% CAGR.

About Food Market Division at FMI

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

Saffron Market in US, Iran, China, Benelux and EU5 Countries to Reach US$ 617.5 Mn by 2026-end

Spanning across the globe as one of the most essential ingredient in the world, saffron continues to gain surplus demand in both, developed and developing economies. Future Market Insights has recently published its report on the saffron market, specifically targeting countries such as the US, China, Iran, Belgium, Netherlands, Luxemburg, Germany, Italy, Spain, France and the UK. According to the report, more than US$ 360 Mn worth of saffron was consumed across these countries in 2016. The report further projects that saffron market for these targeted countries will grow steadily at 5.3% CAGR, bringing in an estimated US$ 617 Mn by the end of 2026.

In the report, titled “Saffron Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” Future Market Insights projects that rising demand for plant-based natural ingredients is driving the saffron consumption in these countries. Key findings in the report indicate that demand for saffron threads, in particular, is expected to be higher than other forms. In 2016, more than US$ 200 Mn worth of saffron threads were consumed across targeted countries. Demand for powdered saffron, however, is also gaining momentum, and is anticipated to register a value CAGR of 6.6% through 2026.

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The report reveals that retail industry will continue to be the largest end-user of saffron in these countries. More than US$ 160 Mn worth of saffron is projected to be accounted by retail businesses. Nevertheless, the market will notice considerable rise in the end-use of saffron for production of cosmetics, revenues from which will soar at 5.1% CAGR. Consumption of saffron will also be driven by its function as a spice, herb, or a flavouring ingredient. And, nearly three-fourth of saffron revenues amassed from these countries will be accounted by flavouring & spice function throughout the forecast period.

Key highlights from the report on saffron market for targeted countries include:

  • Iran’s saffron market will expand at 5.7% CAGR, and register substantial growth in production of powdered saffron
  • More than 90 Mn worth of saffron powder will be consumed in the US by the end of 2026
  • In UK’s saffron market, medical & pharmaceutical industry will record revenue growth at 6% CAGR during forecast period
  • Demand for saffron will be low in Germany as the country’s market is expected to be valued at just over US$ 4 Mn by 2026-end
  • The saffron market in France, Spain, China, Luxemburg and Italy will exhibit growth at less than 3% CAGR
  • Between 2016 and 2026, Netherlands’ saffron market will showcase an incremental opportunity of US$ 2 Mn

The report also profiles leading manufacturers of saffron partaking in the markets across these targeted countries, namely, Safrante Global Company, SLU, Evolva, Rowhani Saffron Co., Hijos de Eustaquio Abad & Co. SL, Sara Nuts, Tarvand Saffron Co., USMS Saffron Co. Inc., Royal Saffron Company, Saharkhiz International Group Companies, Gohar Saffron, Novin Saffron Co., and Azafranes Machegos SL.

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About Food Market Division at FMI

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

 

Fruit Concentrate Puree Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

Fruit concentrate puree market will grow at 5.7% CAGR through 2026. The global market size of fruit concentrate puree will be USD 700 million by 2026.

According to Future Market Insights –

  • An unyielding competition between local manufacturers and global players has lowered the momentum for international trade of fruit concentrate purée. To rev up the native production of fruit concentrate purée, countries are fortifying their importation laws, levying additional duty on imports of purée concentrates.
  • While strong import barriers & uptight antidumping laws are diminishing the global supply for fruit concentrate purée, the global economic meltdown is also impeding the demand for such products.
  • Undulating import-export and trade policies are inducing instability in the overall growth of global fruit concentrate purée market.
  • The demand-supply gap in the global market for fruit concentrate purée is further aggravated when harsh environmental conditions end up ruining the produce of fruit plantations across the globe.

In its latest publication, titled “Fruit Concentrate Purée Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” Future Market Insights projects that such factors will restrain the global fruit concentrate purée market from growing robustly. The global market for fruit concentrate purée, which is presently valued over US$ 1,300 Mn, is anticipated to register a 4.8% CAGR and reach US$ 2,149.1 Mn by the end of 2026. In the due course of this forecast period, the global consumption of fruit concentrate purée will also propel moderately, recording the global sales of just over 6,000 tons and showcasing a volume CAGR of 3.7%.

According to the report, the widened demand-supply gap in the global fruit concentrate purée market might shrink down due to rising yield of non-GMO fruit plantations. Growing use of purée concentrates in production of baby foods and longer shelf-life of such products is also likely to drive the global sales of fruit concentrate purée in the years to come. Among all regions in the world, the fruit concentrate purée market in Latin America has been predicted to display an unmatched growth in terms of volume and value. While North America and Western Europe will dominate with more than 50% share in global revenues, Latin America’s fruit concentrate purée revenues will be soaring vigorously at more than 11% CAGR. The report indicates lucrative growth for fruit concentrate purée in Latin America, and also signifies impressive revenue growth in Eastern Europe, Middle East & Africa, and the Asia-Pacific excluding Japan (APEJ) region.

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Agrana Juice GmbH and Doehler GmbH will remain two key companies dominating the competitive landscape of global fruit concentrate purée market. These companies are actively contributing in global production of purée concentrates from all fruit families; citrus, berry, orchard as well as exotic. Companies such as Tree Top Inc., and Watt’s SA are specialising in production of exotic and orchard fruit concentrate purée, while the global market is also witnessing considerable participation from companies such as China Huiyuan Juice Group Ltd., Cobell Ltd., Fénix S.A., Grünewald Fruchtsaft GmbH, Kerr Concentrates Inc., and Tianjin Kunyu International Co. Ltd.

Key findings in the report also predict that demand for citrus and exotic fruit concentrate purée will gain traction during the forecast period. While orchards will be the largest fruit family, dominating global fruit concentrate purée revenues, revenues from sales of exotic and citrus fruit concentrate purée will soar steadily at over 5% CAGR. By the end of 2026, more than US$ 1,400 Mn revenues are projected to be arising from sales of fruit concentrate purée with no added sugars. Based on the applications, the global fruit concentrate purée market gets split into food and beverage applications, with the former accounting for dominant revenue share – nearly 60%.

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About Food Market Division at FMI

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