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Global Lactates Market: Factors Impacting Revenue Growth

• Sustainable demand for lactic salts in anti-ageing and premium cosmetic formulations
• Increasing consumption of lactates in the oral care industry
• Growth in the mineral industry in Asia Pacific is an indirect driver for lactates market growth
• Increasing demand for calcium salts in the treatment of osteoporosis
• Rise in healthcare expenditure in the Middle East & Africa
• Expansion of production capacity to enhance the sales prospects of lactates

Global Lactates Market: Forecast by Application

On the basis of application, the global lactates market is segmented into food & beverages, pharmaceuticals, personal care, animal feed, agriculture, and others. The application of lactates in beverages is estimated to increase globally.

This is attributed to increased consumer demand for micronutrients in drinks such as juices, ready-to-drink premixes, and powdered beverages. Consequently the food & beverage segment makes up the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

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Global Lactates Market: Forecast by Form

On the basis of form, the global lactates market is segmented into solid and liquid segments. In terms of value and volume, the liquid segment is expected to exhibit the highest growth over the forecast period. In 2017, the liquid segment was valued at US$ 188.1 Mn, which is expected to reach US$ 313.7 Mn by 2027, expanding at a CAGR of 5.2% during the projected period.

Global Lactates Market: Forecast by Product Type

On the basis of product type, the global market for lactates is segmented into Sodium Lactates, Potassium Lactates, Calcium Lactates, Magnesium Lactates, Zinc Lactates and Others. Sodium Lactates and Zinc Lactates captured equal revenue share in the year 2017 and will witness relatively good growth during the forecast period.

Global Lactates Market: Forecast by Region

In terms of volume, APEJ is expected to exhibit the highest growth during the period of study, closely followed by Japan. On the other hand, MEA makes up the smallest market share, both by value and volume, and is expected to grow steadily over the forecast period. North America is expected to account for the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

Global Lactates Market: Key Players

Corbion N.V., Merck KgaA, Seidler Chemical Co, Inc., Alfa Aesar GmbH & Co KG (Thermo Fisher Scientific Inc.), Caldic B.V., FBC Industries, Inc., Global Calcium Private Limited, Musashino Chemical Laboratory, Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Pfanstiehl, Inc., Jungbunzlauer SuisseAG, ISALTIS, American Elements, Dr. Paul Lohmann GmbH KG, Jost Chemical Co., Galactic s.a., Zhengzhou Tianrun Lactic Acid Co., Ltd., BSA Inc., Prathista Industries Limited and Magnesia GmBh are some of the leading companies profiled in the report.

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Growing demand for low-fat and fat-free dairy products from consumers around the world reflects a massive opportunity for modified starch manufacturers. The study opines that the increasing health awareness and growing demand for healthy and nutrient-rich food products denote the prominent factors directly impacting the modified starch market.

Key Takeaways from Modified Starch Market Study

• The declining demand for synthetic ingredients in food and beverage industry is directly benefiting the sales of natural ingredients in food products.
• Maize/corn has long remained the preferred source or primary ingredient for traditional modified starch, and continues to capture substantial share in the modified starch market.
• The market for modified starch is mainly driven by increasing consumption of processed food products by consumers owing to increasing working professionals.
• Visible increase in adoption of Westernized dietary lifestyles across developing regions has been creating opportunities for modified starch manufacturers in the global market.
• Multiple applications of modified starch in different industries such as food, textile, paper making, and cosmetics and personal care, pharmaceuticals and animal feed are fueling its market growth.
• Increasing consumption of diverse food and beverage products, including bakery, dairy, meat, and poultry products in developing economies and economies in transition is fueling the global modified starch market
• The demand for physically modified starch and enzyme modified starch will continue to represent healthy CAGRs by the end of 2029.

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“As the preference for natural ingredients is increasing among consumers, it is expected to benefit the sales of products, such as modified starch. Manufacturers of modified starch are intensifying their strategic focus on promotional activities to leverage the health benefits associated with naturally modified starch, to attract a wider consumer base,” analyzes the FMI analyst.

Competitive Landscape

The key players in the modified starch market include Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères Company, Ingredion Incorporated, Tate & Lyle PLC, Agrana Group, Emsland Group, KMC Kartoffelmelcentralen A.M.B.A, The cooperative Avebe U.A., BENEO GmbH and many more.

Manufacturers prioritize ‘natural and ‘gluten-free’ aspects to ensure higher product quality and nutritional benefits to consumers with the strategy of grasping the outsized segment of consumers.

The modified starch market is still at its infancy, with plenty of room for improvements. Various sources for modified starch are likely to hit shelves in the near future, such as growing demand for rice as a source of modified starch is trending. Along with that, growing international fast food restaurant chains around the world generate opportunity for modified starch manufacturers in the global market.

Find More Valuable Insights on Modified Starch Market

Future Market Insights, in its new report, brings to fore an unbiased analysis of the global modified starch market, presenting historical demand data (2017-2021) and forecast statistics for the period, 2022-2032.

The study divulges compelling insights on the modified starch market on the basis of source (maize/corn, wheat, potato, tapioca, and rice), product type (acetylated starch, physically modified starch and enzyme modified starch), food & beverage, animal feed, cosmetic and personal care, papermaking, textile, pharmaceuticals, and others), across seven major regions.

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The population and diversity of bacteria in infant gut are similar to the type of microbiota that a child accumulates during the birth. A higher threshold of similarity has been reported between microbiota of an infant gut to that of the mother’s vaginal or skin microbiota. Furthermore, experiments also prove that C-section born infants harbored less Bifidobacterium and Bacteroides species benchmarked to vaginally-born infants, along with lesser diversity of species of bacteria. Since, the mode of delivery directly influences bacterial diversity among kids, and number of C-section delivery is also reported to be increasing every year, supplement of probiotic ingredients is recommended by pediatrics across the globe, in order to ensure balanced bacterial colonization in kids’ gut during the developmental stage.

Increasing Incidences of Indigestion in Kids

Eating habits have transitioned from health-based food products to taste-based – particularly for kids in developed countries. Busy lifestyles of working parents limit their control on the eating patterns of their children, which in majority of the cases results into gastrointestinal-related malfunctioning conditions in kids.

About half a decade ago, consumers were not informed about the use of probiotic ingredients and hence, their dependence was on medicines, which again led to other complications at several reported instances, across the globe.

The probiotic ingredients industry is focused on making consumers aware of certain strains of probiotic bacteria that show very effective results for children by relieving them from constipation. Informed parents now opt for probiotic ingredients and ensure administration of supplements to children on regular and required intervals.

A complete package supplement, which is being brandished by several probiotic ingredient manufacturers target kids and adults at the same time with supplements that consists of bacterial strains benefiting children, as well as adults. Thus, the beneficial properties of probiotic ingredients and supplements for kids are expected to propel the demand for the product over the coming years.

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Probiotic Ingredients Manufacturers Adopting Novel Marketing Strategies

Adoption of innovative marketing strategies has allowed participants in the probiotic ingredients industry to grow at a significant rate. With proper investment at each stage of product development, manufacturers have worked towards increasing awareness about health benefits offered by probiotic ingredients.

To boost awareness, they have shared successful results of clinical trials with their target customers. As the probiotic ingredients market is highly regulated, the specifications of the product supplied have determined the positioning of the product and the application at which it is aimed.

Probiotic ingredient manufacturers have effectively undertaken marketing of their products to convey multiple benefits offered by their products. For instance, Bifidobacterium and Lactobacillus are increasingly used in dietary supplements and infant formulas because they have unusually adaptable characteristics.

In addition to being a versatile ingredient, probiotic ingredients offer many other health benefits. In the light of the increased cost of healthcare, majority of the population with increased healthcare concerns (especially elderly people), has switched towards the use of probiotic ingredient-based supplements across the globe.

Scientific Advancements Broadening the Use of Probiotic Ingredients

Lately, in the field of nutritional wellbeing, expanding escalated research of gut flora has been of vital significance for overall health. Research on probiotic ingredients and gut flora has enhanced due to advancements in technologies, which can decide and analyze the human micro biome.

Research studies in the field of probiotic ingredients additionally demonstrate the capability of well-being adequacy of probiotic ingredients for metabolic and psychological conditions, alongside the impact on gastrointestinal and tract and the immune system.

Because of these propelled outcomes, the development of probiotic ingredients in new indication areas is expanding, which is expected to contribute to progress in the long term, as the probiotic ingredients market becomes more extensive and prominent.

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Clean label is emerging as the new norm when it comes to food and beverages. The food and beverages market is going under a paradigm shift in its working. People are more focused on labels, ingredients, and production methods that will help their move towards healthier lifestyles. A growing interest in natural and organic ingredients and products free from artificial preservatives and colouring has been witnessed in the last five years, and the trend is likely to continue in the years ahead. Transparency is the key to capitalize on, and brands are finding new ways to utilize technology and ensure superior product development,” says FMI report.

The clean label flour is distributed through different sales channels across the globe, with hypermarkets/supermarkets being the most imperative for clean label flour customers. Manufacturers are also focusing on online channels to retain and attract a new segment of customers. Retail purchasing of clean label flour is increasing at significant rate, globally, assisted by rising incomes and growing urban population.

Dynamic media promotions and newer retail channels are inspiring significant progress in nations where clean label products are marketed to millennials, which forms the most attractive target consumer group for new emerging clean label products, consequently propelling the clean label flour market growth.

Health Awareness Positively Impacting the Clean Label Flour Market

With growing concerns over adverse health effects such as increased cholesterol levels, clogging of arteries, low blood sugar levels, and more by consuming conventional flours, an increased inclination towards clean label flour among both consumers and foodservice providers is perceived. In addition, a decline in use of conventional flours for various food products has been recorded in the last few years.

Recently, many products using clean label flours have emerged in the market, providing healthy choices for consumers. This has in turn increased the demand for the clean label flour in the food industry, and is slowly replacing the white flour and other flour with additives in the market.

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Demand for Transparency in Supply Chain Pushing Manufacturers to Switch to Clean Label Ingredients

Increasing demand for healthier foods and thriving modern retail formats such as supermarkets/hypermarkets in developing countries are powering the clean label flour market. Increasing online retail is also a significant driver for bakery manufacturers to enhance their customer base, which, in turn, is providing a thrust to the clean label flour market.

Furthermore, increasing demand for clean label foods and transparent ingredients offering better nutrition and superior taste from foodservice providers, is increasing the sales of clean label flour. However, it is pertinent to note that the global clean label flour market is restrained by the price volatility of grains as climatic changes hamper the overall crop production.

Intense Competition Leading to Product Innovations

Due to high competition and saturation in the clean label flour market, companies are increasingly following the trend of inventing new clean label flours to stay ahead in what is becoming a competitive market. Numerous new companies and products have emerged in the market to keep up with the growing pace of the clean label flour market.

In Europe, more than 50 brands have emerged in the market in the past three years, as the opportunity lies there, due to the increased demand for clean label products.

This study by FMI offers insights into the clean label flour market for the forecast period during 2022 – 2032. The clean label flour market is projected to record a CAGR of ~7% during the forecast period of 2022-2032.

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Aligning with Industry Trends – Free-from, Low-calorie, Natural, Organic, and Vegan

Obesity is the cause of health issues such as blood pressure, diabetes, and cholesterol problems, which further lead to complications such as heart attack, organ failure, seizure, etc. These health issues occur in children, as well as older individuals.

Increasing awareness of healthy lifestyle and nutritious food is driving the demand for egg-free mayonnaise. Egg-free mayonnaise has approximately 20-30% lesser calories than mayonnaise having egg. The demand for gluten-free, fat-free, and egg-free mayonnaise is rapidly increasing.

Natural and organic mayonnaise is made from different oils such as olive, sunflower, avocado, flax, mustard, and grape seed. Egg-free mayonnaise is available in various flavors such as tandoori, garlic & herb, mint, lime, mild curry, aioli, chipotle, sriracha, soy free, etc. Due to various flavors, organic, natural, fat-free, and gluten-free products are attracting consumers and boosting the growth of vegan and egg-free mayonnaise.

Low price, ease of use, and rising dining-out costs have all contributed to increased sales of egg-free mayonnaise. Egg-free mayonnaise of all brands is easily available at all grocery stores, supermarkets, convenience stores, and big malls, as well as e-commerce websites.

Egg-free mayonnaise is easily available everywhere and at reasonable prices, which boosts the demand and helps increase the revenue. In many countries, shops specifically for vegan products have opened, which make it easier for consumers to buy egg-free mayonnaise.

The number of vegan individuals or those avoiding eating eggs owing to the growing awareness of animal welfare is increasing. Millennials are actively taking part in animal welfare NGOs and multiple programs organized by these NGOs to promote veganism. Veganism is going mainstream, which is helping the sales of egg-free mayonnaise.

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Marketing Tactics Are Attracting Increasing Number of Customers

Practically, it is quite impossible to change the entire egg market, not for the next 10 years at least. Despite this, the egg-free segment is growing rapidly. Recent trends such as the change in diets and growing health awareness are expected to increase the sales of egg-free mayonnaise.

Egg-free mayonnaise is available in attractive and convenient packaging. Different sizes of egg-free mayonnaise bottles are made available in plastic, as well as glass. Even small and big pouches and sachets of egg-free mayonnaise are available, which are easy to carry while travelling.

Egg-free mayonnaise bottles are available in different colors, for example, tomato flavor is available in a red-colored bottle. This makes it convenient for consumers to recognize the required egg-free mayonnaise flavor easily.

This report on egg-free mayonnaise covers the trends driving each segment, and offers analysis and insights on the potential of the egg-free mayonnaise market in specific regions.

The egg-free mayonnaise market in Asia Pacific is expected to lead the market in terms of share, and North America and Europe are expected to record a relatively higher CAGR. Also, Latin America is a prominent region for the players strategizing on market entry and the opportunity for growth is the highest among all regions.

Some of the key players in the market are Dr. August Oetkar KG, Crosse & Blackwell, Kensington & Sons, LLC, Nestle, Zydus Wellness Limited, Del Monte Foods Inc, Spectrum Organic Products, LLC, Unilever Group, Just Inc, Veeba Food Services Private Limited, and Follow Your Heart, Remia C.V., Granovita, Nasoya Foods, Inc and Conagra Brands, Inc.

The increasing demand for egg-free mayonnaise and the growing number of manufacturers all over the world are the reasons for the increasing competitive level in the egg-free mayonnaise market. To maintain their position in the egg-free mayonnaise market, manufacturers are producing unique & innovative products with attractive offerings.

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Cosmetic Flaws in Fresh Produce Paving the Way for Retail Sector

Not meeting the cosmetic criteria (which is the faulty appearance of a fruit) is one of the major reasons why plenty of fruits are being discarded as waste, and this has opened the gateway for the growth of the products from food waste market. USDA estimates that, on an average, supermarkets in U.S. lose nearly US$ 15 Bn annually due to cosmetic flaws in fruits and vegetables. This presents ample opportunities for the products from food waste market.

These fruits and vegetables are of excellent quality and at par with the nutritional profile of the ones that are sold in the market. Some small- and medium-sized manufacturers are initiating the processing of such products that do not meet the cosmetic criteria, fueling the growth of the products from food waste market. These products from food waste can easily benefit the health conscious consumers due to their rich nutritional profile. Moreover, consumers tend to pay less for products that are conventional, and a higher price is paid for products that have an added-value, such as organic, vegan, and also products from food waste. Hence, through products from food waste, even manufacturers earn more profits.

Mango Peels Rapidly Becoming Potential Source of Pectin

There is a special class of pectin – LM pectin (low-methoxyl pectin) – that is preferably used in the manufacturing of low-calorie fruit jellies, which is a valuable product from food waste. The mango peel or mango waste contains a high amount of pectin (20-30% of the peel weight). If the extraction of pectin from mangoes is achieved by adding lemon juice to them, it will result in the reduction of industrial waste, and create an alternative for the production of pectin, helping in adding value to the products from food waste. Obtaining a product from food waste such as mango peels is also in tune with some of the key market trends, such as sustainable production, due to the reduction in toxic effluents.

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India also happens to produce tons of products from food waste. The mango, which is a source of pectin, is one of the important produces. Yet, India relies heavily on the import of pectin. Hence, it holds immense potential for the products from food waste market.

Use of Patented Technologies in Manufacturing of Products from Food Waste Prompting High Price Points

Some of the patented technologies used to manufacture products from food waste are expensive. Middlemen in the products from food waste supply chain, such as farmers, food and beverage processors, and retailers, have expressed keen interest in recycling and manufacturing products from food waste, but might have to face the heavy burden of implementing patented and expensive technologies that are used to manufacture products from food waste. These will add a huge chunk in the cost structure during the manufacturing process of products from food waste. This aspect may become a barrier to the growth of the products from food waste market.

Also, technology is linked with quality, which is an important force in driving the growth of the products from food waste market. Products from food waste manufacturing companies that are not accredited with quality certifications may lose their consumers base, which may hamper the growth of the products from food waste market.

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Probiotic yogurt is the best source of good bacteria that improves health of gut. Probiotic yogurt can also be consumed by lactose intolerant population as it changes lactose into lactic acid. As the global population is still learning about the benefits of probiotic yogurt, the market is expected to grow further in the forecast period.

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According to guidelines of U.S., probiotic yogurt must contain at least two strain of bacteria in it for instance, Streptococcus thermophilus, and Lactobacillus bulgaricus. Manufacturers are investing heavily in identifying the new strains of bacteria to be used in probiotic yogurt. According to researches benefits of Lactobacillus, Streptococcus, and Bifidobacterium families of bacteria are identified in probiotic yogurt and is proven to improve immunity, gut health, and overall digestive health.

As per FMI, hypermarket/ supermarkets are anticipated to hold prominent share of market value of 40.5% in the year 2021 and is further expected to exhibit growth at 7.3% between 2021 and 2031. Hypermarket/Supermarkets such as Target, Walmart, and more are strengthening their market presence and consumer engagement thus consumers are preferring this sales channel where they can find wide options to choose from.

Besides this, manufacturers are focusing on promoting probiotic yogurt as a healthy on-the-go snacks, which is the factor that consumers find appealing and thus will drive the market further.

Key Takeaways from the Probiotic Yogurt Market Study

• Probiotic yogurt market outlook remains strong for the forthcoming 10 years as it is forecast to register 7.2% CAGR between 2021 and 2031
• US holds 85.2% share in 2021 and outlook remains positive
• UK will register a Y-o-Y growth of 5.2% in 2021
• Outlook for Germany and France remains positive as both countries exhibit high degree of awareness regarding health and wellness
• JAPAN and South Korea will continue to be a bright spot in East Asia

“Manufacturers are adopting various strategies to accommodate changing consumer demand. This has led to diversification of probiotic yogurt with the aim to appeal to diverse preferences of consumers. This has led to the launch of varied flavors”

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Health Conscious Population to Incline Towards Probiotic Yogurt

Scientific studies have indicated that probiotic yogurt provides various health benefits and is directly associated with healthier metabolic profiles. Also, yogurt is an excellent source of potassium, calcium, zinc, magnesium, vitamin B12, and vitamin B2. Probiotic yogurt contains around billions of live bacteria that help to improve the microflora of the gut, and thus, supports healthy digestion. Probiotic yogurt lowers the chances of type-2 diabetes, increases bone density, might also help to prevent osteoporosis, reduces the risk of colorectal cancer, lowers bad cholesterol and blood pressure, supports weight loss, and boosts the immune system. Thus, the numerous health benefits of probiotic yogurt are expected to attract health-conscious consumers.

Who is winning?

A few of the leading players operating in the Probiotic Yogurt market are Danone Ltd., Chobani, LLC., Sovos Brands Intermediate, Inc., FAGE International S.A., Good Karma Foods, Inc., The Coconut Collaborative, General Mills, Inc., Inner Mongolia Yili Industrial Group Co., Ltd, Groupe Lactalis S.A., Ehrmann AG, Yofix Probiotics Ltd., Nestlé S.A.,  Olympic Dairy Products Ltd, COYO Pty Ltd., GT’s Living Foods LLC, Forager Project, LLC , Mother Dairy Fruit & Vegetable Pvt Ltd., Lancashire Farm Dairies, Fonterra Co-operative Group Limited, Meiji Holdings Company, Ltd., and other players.

Key players of probiotic yogurt are endeavoring to develop plant-based and organic yogurt. Chobani developed launched a new line of vegan plant-based probiotic yogurt made using coconut. Manufacturers like Danone are launching novel flavors for probiotic yogurt like lemon ginger, real honey. According to changing consumer preference manufacturers are producing probiotic yogurt products that contain less sugar, fat, artificial additives, etc. Manufacturers of probiotic yogurt are also following increasing their product portfolio and market reach by merging and acquiring key pioneers of the market.

• In February 2019, The Coconut Collaborative announced that the company will soon start manufacturing activity in the U.S.
• In January 2019, Yofix Probiotics Ltd. launched the plant-based clean label yogurt alternatives. It has launched dairy-free, soy-free yogurt alternatives that are available in three flavors.

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Get Valuable Insights into Probiotic Yogurt fiber Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Probiotic Yogurt market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Probiotic Yogurt market based on Product Type (Drinkable Probiotic Yogurt, Spoonable Probiotic Yogurt), By Source (Animal-based, Plant-based), By Nature (Organic, Conventional), By Favor (Regular/Unflavored), By Fat Content (Regular/Whole Milk, low-fat, fat-free), By Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Retailers, Wholesalers, Grocery Stores, and Other Retail Formats), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa).

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