Market Research Blog – Page 14691 – New Product Development

Know in Details about Residue Testing Market Trends, Overview, Competitive Breakdown and Regional Forecast to 2029

The global residue testing market will show a steady growth at a CAGR of 6.9% between 2020 and 2030. According to the report, the rising demand for contaminant-free packaged food and specialized diet will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

The global residual testing market was valued at US$ 3.5 Bn in 2019. The market is forecast to rise at a CAGR of 6.9% between 2019 and 2030. Regionally, Europe held the largest share in the global market. However during the forecast period, East and South Asia are expected to report growth at a higher CAGR. In terms of application, the market can be classified into feed and pet food, agricultural crops and food and beverages. Of these, the food and beverages industry accounted for the largest share in the global market.

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It includes in-depth insights into the residue testing market. Some of these are:

The estimated value of the market was at US$ 3.5 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, Europe emerged as a key market for residue testing.
However, the market in Asia Pacific is expected to rise at a higher rate of growth.
Among application-based segments, food and beverages industry is currently leading the market.
Key players are likely to focus on research and development and technological advancements to stay strong in the market.

As consumers grow increasingly concerned about their health and wellbeing, the demand for specialist diets will increase. In addition to this, the food and beverages sector has witnessed a remarkable spike in the demand for packages foods in the last couple of years. Urbanization and busy lifestyle have been key influencers of consumers’ eating habits, and also have paved the way for expansion of the food industry. This is expected to have a positive impact on the residue testing market.

Stringent Regulations Imposed to Ascertain Food Safety will Drive Growth

Stringent food and safety regulations imposed to curb food contamination and ensure better food safety will drive the residue testing market. In addition to this, food processing industries are using advanced technologies to cohere to food safety policies. This will have a positive impact on the overall market. For instance, chromatography is one of the most used techniques to test presence of any residue in food. Besides this, the food industry is now using various technologies to find contaminants in food which could be allergens, toxins, pathogens, pesticides, heavy metals and any other residue.

Several countries have these regulations implemented to regulate the use of harmful pesticides, for instance, in Europe and North America the use of pesticides is highly regulated. These regions therefore lucrative growth opportunities for the residue testing market.

Who is Winning?

Some of the leading players operating in the residue testing market are Microbac Laboratories, Inc., EUROLAB, Centers for Disease Control and Prevention (CDC), AsureQuality Laboratories, VICAM LP, Neogen Corporation, IDEXX Laboratories Inc., Charm Sciences Inc., Bureau Veritas S.A., Intertek Group plc., Silliker Inc., Eurofins Scientific, ALS Limited among others.

As a result of increasing competition, leading are focusing on advanced technologies and research and development activities. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Residue Testing Market

Future Market Insights, in its new report, presents an unbiased analysis of the global residue testing market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market can be classified into pesticide residues, toxins, heavy metals, food allergens and others. Based on technology, the market can be segmented into chromatography, spectroscopy, immunoassay and others. On the basis of application, the market covers feed and pet food, agricultural crops and food and beverages. Regionally, the key segments of the market are North America, Latin America, Europe, Japan, APEJ, Oceania, and the Middle East and Africa.

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Key Highlights

What drives the residue testing market?

Stringent government regulations imposed to ascertain food safety will favour the expansion of the global market. In addition to this, the market is expected to benefit from global organic revolution and recent technological advancements.

Which is the key factor restraining residue testing market?

Lack of awareness regarding the importance of residue testing among crop producers especially in underdeveloped nations, may restrict the growth of the market to an extent.

Which region will leads the global residue testing market?

According to FMI, Europe held the largest share in the global residue testing market. However, during the course of the forecast period, Asia Pacific is expected to report a higher CAGR.

Which type segment holds the leading share in residue testing market?

Pesticide residue held the dominant share among products available in the market.

Which segment based on application led the residue testing market?

Food and beverages industry currently holds the largest share in the global residue testing market, in terms of application.

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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Fertility Supplements Market 2022: Prosperous Growth, Recent Trends and Demand by Top Key Vendors by 2031

The global fertility supplements market size is poised to surge at an impressive CAGR of 7.8% between 2020 and 2030. Consumers around the world have become more aware about their wellbeing. In emerging nations such as Brazil and Argentina, there is increasing focus on improving sexual health. As a result they have become more willing than ever before to spend on relevant products. This is expected to have positive impact on the fertility supplements market.

The report discusses some of the more crucial factors chalking the market’s growth trajectory. It makes observation on prevailing trends and gauges the impact of the same on the overall market. This observation is supported by relevant data, graphs, infograph and expert opinions to offer a holistic study on the global fertility supplements market.

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

The estimated value of the market was at US$ 1.47 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, North America is the largest market for fertility supplements in the world.
Asia Pacific follows closely, emerging as second-leading regional market.
Through the course of the forecast period, the APEJ market is expected to report growth at the highest pace.
In terms of ingredient, consumers seem to prefer natural ones more than the rest.

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Rising Awareness about Importance Overall Well-being among Consumers is Enabling Growth

Lifestyle prevalent today does more harm to common man than ever before. According to the American Society for Reproductive Medicine, a considerable section of both men and women of reproductive age in the U.S. smoke cigarettes. Cigarette smoking has harmful impact on the overall health and wellbeing of an individual. It also may adversely impact their fertility. Even the latest technologies might find it difficult to help a women conceive if she is exposed to excessive smoking. A rising awareness about the ongoing situation, coupled with information on potential cures will favour the expansion of the fertility supplements market.

The same factor, which is rising degree of awareness, is likely to pave way for the market’s growth in emerging economies as well.

Who is Winning?

Some of the leading players operating in the fertility supplements market are Fertility Nutraceuticals LLC, Exeltis USA, Inc., TTK HealthCare Ltd., PregPrep LLC, Orthomol pharmazeutische Vertriebs GmbH, Active Bio Life Science GmbH, Fairhaven Health, LLC, Lenus Pharma GesmbH, ZenithNutrition, and INVO Bioscience.

As a result of increasing competition, leading manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies include investment in research and development activities and product launches. These companies are particularly focusing on catering to changing consumer preference across various nations.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Fertility Supplements Market

Future Market Insights, in its new report, presents an unbiased analysis of the global fertility supplements market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of ingredient, the market can be categorized into natural, synthetic and blend. On the basis of product, the market covers capsules, powders, soft gels, liquid and others. Men and women make the key end users in the market. Based on distribution channel, the market can be bifurcated into prescribed and over the counter. Regionally, the market can be segmented into North America, Europe, Latin America, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.

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FREQUENTLY ASKED QUESTIONS ABOUT FERTILITY SUPPLEMENTS MARKET

What drives the fertility supplements market?

Government support and initiatives adopted to educate the masses about importance of nutritional enrichment will support the market’s expansion

Which factors are likely to restrain fertility supplements market?

High prices of fertility supplements may discourage their purchase to an extent, especially in underdeveloped economies.

Which region leads the global fertility supplements market?

North America currently dominates the global fertility supplements market. However, during the course of the forecast period growth rate exhibited by the APEJ market is expected to be higher.

Which ingredient segment will hold highest share in fertility supplements market?

The natural segment is expected to hold dominance in the fertility supplements market.

Which segment based on end user will emerge dominant in fertility supplements market?

Women are likely to constitute higher share in the market in terms of end user.

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CBD Gummies Market Revenue Analysis Report with Future Business Scope and New Investment Plans for 2032

The size of the global demand for CBD gummies is expected to reach US$ 679.9 Mn by the end of 2030. According to a report published by Future Market Insights (FMI), the demand for CBD gummies is poised to surge exponentially, giving tailwinds to growth of the market at 25.8%. The study offers a detailed analysis of the industry, covering key growth drivers, opportunities, restraints and prevailing trends. It uses industry-leading analytical techniques to provide market analyses with the most precision.

According to the study, the rising demand for premium goods will result in the accelerated sales of CBD gummies. CBD gummies are placed at a higher price range bracket in the gummies category. This is primarily because these gummies are organic and contain CBD with very less or almost zero percent THC content, thus, falling under the premium category.

“The market for CBD gummies is witnessing high growth potential. Rising awareness about cognitive functions of CBD due to its non-psychoactive properties is a chief growth driver,” said a lead analyst at FMI.

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The FMI’s study includes in-depth insights into the CBD Gummies market. Some of these are:

By the end of 2020, the market’s estimated valuation will be at US$ 68.5 Mn
Regionally, North America and Europe are highly lucrative markets CBD gummies, and will continue growing at an impressive rate through the forecast period
CBD isolate gummies segment is expected to remain dominant in terms of product type
Store based retailing remains highly popular among sales channels, however, online retailing channel will soon gain pace
Key players are likely to focus on business expansion and product launches to compete in the developed markets

Increasing Use of Cannabis for Treatment of Neurological Disorders, Psychiatric Disorders, and Cancer Along with Pain Control

CBD gummies are helpful to those with depression, because there is a link between low vitamin D status and depression symptoms. Research has also related deficiencies of B-12 (and other B vitamins) to depression. CBD isolate products can effectively relieve depression and these gummies might be a good option for those who are facing this condition but are unwilling to consume THC.

CBD gummies also help in relieving chronic pain. Early uses of CBD have proven it beneficial in alleviating a number of mental and physical health issues. As pain management is a major reason for using CBD gummies, they have taken the sports industry by storm. This will lead the market to experience enormous demand over the forecast period.

Who is Winning?

Some of the key players operating in the CBD gummies market are CV Sciences, PureKana, Dixie Brands Inc., Charlotte’s Web, Sunday Scaries, Premium Jane, Kushie Bites, Hemp Bombs, Reliva CBD Wellness, among others.

With the CBD gummies market attracting new entrants as a result of the rising demand and increasing number of regulatory approvals, the established players are looking to expand their networks across high potential countries.

For instance, softening regulations with regards to cannabis use and consumption across certain countries makes Asia Pacific a lucrative market for CBD gummies. Rising competition also has compelled manufacturers on innovations. As a result a number of brands are launching CBD gummies in innovative flavors and packaging.

Besides this, focus on acquisitions has remained considerably high. For instance, in March 2020, Charlotte’s Web acquired Abacus health products based in Rhode Island for $68M. This was aimed at expanding the product portfolio of Charlotte’s Web, besides increasing its retail store presence from 11,000 to 15,000. Charlotte’s Web offers hemp extract-infused CBD gummies which are flavored with natural juices.

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Get Valuable Insights into CBD Gummies Market

Future Market Insights, in its new report, presents an unbiased analysis of the global CBD Gummies market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market can be segmented into CBD isolate gummies, broad-spectrum CBD gummies and full-spectrum CBD gummies. Based on sales channel, the market can be classified into store based retailing and online retailing. Based on packaging, the market can be classified into pouches, bottles jars and tins. Regionally, the market can be segmented into North America, Latin America, Europe, APEJ, Japan, Oceania, and Middle East and Africa.

CBD Gummies Market Outlook & Key Findings

Cannabidiol or CBD gummies market forecast to reach US$ 679.9 Mn by 2030, as COVID-19 outbreak pushes consumption in Europe and the U.S.
FMI forecasts the CBD gummies market to exhibit a remarkable 25.8% CAGR between 2020 and 2030
North America likely to remain the dominant market for CBD gummies. It held more than 55% of the global market in 2019
CBD isolate gummies account for 52.4% of the market in terms of product type due to increasing demand for gummies with no THC or cannabinoids
Rising demand for CBD-infused edibles creates opportunities for entry of new players

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Poultry Feed Market Opportunities, Growth and Forecasting for next Upcoming Year Until 2030

Poultry feed ingredients are broadly classified into protein meals, cereal grains, oils, feed additives, and feed additives. Cereal grains such as corn, wheat, and others are mainly used to fulfil the energy requirement of the poultry.

Feed ingredients are chosen for poultry diets on the basis of nutrients they will deliver. Amino acids, proteins, minerals, and vitamins are the key nutrients required for proper nourishment of livestock. The rising demand for poultry products will result in higher demand for nutritive poultry feed.

Corn is the most commonly used poultry feed used across the world owing to its high energy content of 3300 kcal/kg than other feed types such as wheat sorghum, barley, oats, and other types.

Feed additives are also incorporated in common feed types to increase their nutritional content and ensuring better health of poultry. Therefore several manufacturers in the poultry feed market are launching feed additives to increase their revenue.

In 2020, Layn Corp. launched botanical based poultry feed additive called TruGro MAX which helps in improving birds oxidative status and supports gut health. With this product launch the company is growing stronger in poultry feed market.

“Poultry feed production has increased considerably in the last few years and is expected to continue increasing owing to the rising demand for white meat based protein. Driven by this, several behemoths are entering into the market with innovative poultry feed products. This would enable growth in the poultry feed market in the coming years,” said a lead analyst at FMI

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the poultry feed market. Some of these are:

Broilers are emerging as an economical source of protein resulting in more demand for feed. Broilers segment is anticipated to grow at a CAGR of 4.5% in the year 2020.
Corn is expected to dominate the market with an estimated market volume share of 34.9% in the year 2020. Corn can be easily digested by poultry and good source of dietary energy.
Organic poultry feed, free of additives such as hormones, pesticides, and antibiotics are gaining more consumer traction, therefore manufacturers such as The Organic Feed Company, Purina Animal Nutrition LLC, Feedex Companies, and others are focussing on offering organic poultry feeds to increase their revenue.

Application of Soy Protein Concentrates as a Pre Starter for Poultry Feed is Becoming a Trend

Soybean is one of the most common and economical sources of protein for poultry. It provides protein rich feed required during the post hatching period to increase the survival rate of birds and their immune system. For this the pre starter trend was developed by some poultry feed companies. Due to ban on antibiotic growth promoters it is becoming more important to use pre starter feed concept to maintain good profitability in poultry farming.

Fish meal is also used as a pre starter, but due to its limited availability the price is increasing which may affect the profitability of poultry farmers. This has created demand for alternative to fish meal. The replacement of fish meal by soy protein concentrate has improved the growth of prospects for the poultry feed market. Soy protein concentrate offers comparable amino acids and protein composition as fish meal and it is becoming an excellent protein source for poultry.

The application of soy protein concentrate as a pre starter has helped to decrease the stress in the early stage, improve overall health and growth performance of the poultry in the later stages. Key players such as Gavdeo, DuPont de Nemours, Inc., Victoria Group, and others offer soy protein concentrates for the application in poultry feed.

Who is Winning?

The poultry feed market is consolidated with ~55 % of its share belonging to tier 1 players. Although several new manufacturers have entered in the market, largest share of the market is dominated by top manufacturers, mostly coming from Europe and the U.S.

They are engaging in increasing their product portfolio by expanding their operations to other regions and strengthening their distribution channels. Furthermore, multinational companies are focusing on expansion of their manufacturing facilities, partnerships, and acquiring local players that would complement their product offerings.

In 2018, The Archer Daniels Midland Company acquired Probiotics International Ltd based in Europe that offers probiotics supplements of animal nutrition. The acquisition transaction was valued at US$ 240 Mn. The acquisition has helped The Archer Daniels Midland Company to expand their distribution network, Product portfolio, and R&D capability.

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Get Valuable Insights into Poultry Feed Market

Future Market Insights, in its new report, presents an unbiased analysis of the global poultry Feed market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on livestock the market can be segmented into layers, broilers, turkeys, and duck. In terms of nature, the market can be segmented into conventional and organic. Based on feed type the market can be segmented into corn, wheat, barley, soybean, and others. Based on form the market can be segmented into granules, pellets, and powder. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

Poultry Feed Market Outlook & Key Findings

Future Market Insights (FMI) forecasts the poultry feed market to surpass US$183.62 Bn in 2020
Elevated levels of poultry feed and nutrition will be required in high potential countries of Asia, particularly to meet the burgeoning demand for poultry products among consumers
According to FMI, East and South Asia will collectively exhibit 1.5 times higher rate of growth than rest of the world
Implementing latest technologies such as Nutrigenomics to help animals reach their genetic potential is one of the key strategies adopted by market players

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Allergen Free Food Market 2022 | Latest Trends, Demand, Growth, Opportunities & Outlook Till 2030

The global allergen free food market size is anticipated to reach US$ 75.67 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market is expected to depict a strong positive growth trajectory at 9.0% CAGR between 2020 and 2030.

As per FMI report, the global allergen free food market is estimated to surpass the valuation of US$ 46.4 Bn by the end of 2020. The industry is well positioned to register at least 4% higher growth rate than the overall food & beverage sector.

The combined attribute of behemoth size and rapid growth has captivated leading companies in global food & beverages sector as well as new entrants. This has created perplexed consumer preferences, and brands experience challenge in creating a differentiator in the global allergen free food market.

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It includes in-depth insights into the allergen free food market. Some of these are:

The estimated value of the market was at US$ 31,967.7 Mn in 2020. Through the course of the report’s forecast period, the market is projected to show an exceptional pace of growth.
North America accounts for a dominant share in the allergen free food market. Europe also holds a sizable market share. East Asia is bound to offer business opportunities to emerging market players.
Key players are likely to focus on product innovations and manufacturing technologies to widen their reach in emerging markets.
Digital advertising and adoption of online sales channel to attract the millennial and Gen Z consumers are some of the key strategies of market players.

“The demand for allergen free food is expected to rise amidst the COVID-19 outbreak as consumers are striving to maintain a strong immunity to tackle the disease. Furthermore, revival of world economy would also result in increase of per capita income, which in turn will give impetus to market,” said a lead analyst at FMI.

Growing Health and Wellness Trend and Rise in Food Fortification will Drive Growth

Consumers have become quite health conscious and majority of them spend a significant portion of their disposable income on fitness and well-being. They have also become increasingly aware that along with exercise, a proper diet is necessary to achieve physical fitness.

Food fortification is enrichment of everyday foods with essential proteins, vitamins, and minerals. Consumer preference for such foods is a result of various factors such as rising incidence of lifestyle-related diseases and weight management.

High protein foods aid in maintaining consumer health. Gluten-free bakery products and snacks comprising protein and vitamin ingredients are gaining popularity among consumers. Thus, the trend food fortification is rising, which will in turn support the expansion of the allergen free food market.

The demand for organic food products is rising at a higher pace than supply, creating a gap between the demand and supply of organic food. Consumers are looking for produced without the use of any kind of fertilizers, pesticides, and chemical processing. Such farming and manufacturing practices are linked to deterioration of human health and environment.

The organic vegetables and fruits market happens to be the fastest growing one in the global food market. This is indicative of rising prospects for the sales of preservative-free, GMO-free and other allergen free food products.

Who is Winning?

Some of the key players operating in the allergen free food market are Abbott Laboratories, Nestle SA, Danone SA, General Mills, Kellogg Co., Kraft Heinz Company, Mead Johnson Nutrition Company, and Boulder Brands, Inc.

Due to the increasing competition, manufacturers are focusing on product portfolio expansion and improving product traceability. Besides this, some of the leading companies are focusing on entering into collaborations with regional/local manufacturers in the growing markets.

Get Valuable Insights into Allergen Free Food Market

Future Market Insights, in its new report, presents an unbiased analysis of the global allergen free food Market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market can be segmented into salad dressing, & mayonnaise. Based on applications, the market can be classified into food service, home-usage, and industrial. Regionally, the market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

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Allergen Free Food Market Outlook & Key Findings

FMI forecasts the market for allergen free food to grow at an impressive 8.6% CAGR between 2020 and 2030
Weaker brick & mortar retail inventory in first half of 2020, pushed consumers to online stores, which witnessed over 60% amplified demand for allergy-friendly food products
Ad Spend in the first half of 2020 on three leading social media platforms increased by an average of 32% by top 50 brand, comparing against the first half of 2019
Consumers evaluated brand familiarity, labelling and price of at least three brands before making the final purchase decision, revealed in Buyer’s Journey section of the FMI report
Surprisingly, peanut free products were among top three sought after allergen free food product categories, apart from gluten free, dairy free
Finding niches and frequent product launch are strategic priority of new entrants in the market, whereas established brands leverages on existing portfolio

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Plant-based Yogurt Market 2022 Size, Development Strategy, Analysis, Opportunity Assessment, Key Players and Trends by Forecast 2030

The vegan and flexitarian population is increasing rapidly across the globe. Plant-based yogurts are being perceived as more sustainable and better for the environment as compared to dairy-based yogurts. Plant-based yogurt products are either made from the nut-based milk or cereals, legumes, or seeds based milk.

Nutritional value remains a key factor encouraging the purchase of plant-based yogurts; hence, customers tend to be more on the lookout for ingredients they don’t want in their food. This includes excess sugar or chemical-sounding ingredients. Manufacturers of plant-based yogurt are conducting various researches for the innovation in flavours, taste, and texture. They are making yogurt from several new bases, such as hemp or oat to exclusive flavours like mango and blueberry.

These yogurts are gaining traction in the plant-based food industry, leading to the market’s well-positioned growth.

In 2019, Springfield Creamery, Inc. based in Europe launched oatmilk plant-based yogurt, which is gluten-free and delivers billions of probiotics per serving, the product contains 30-50% less sugar than competitors brands. In 2016, Anita’s Yogurt based in U.S. launched plant-based coconut milk yogurt with three flavours such as mango, blueberry and plain. All the products are free of added sugar, preservatives or additives.

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the plant-based yogurt market. Some of these are:

Plant-based yogurt is available in many flavours such as vanilla, blueberry, raspberry, strawberry, and peach among others. The strawberry flavor is expected to grow at a highest CAGR of 14.7% over the forecast period. Europe and North America are expected to remain the dominant markets for plant-based yogurts. Acquisitions and partnerships by big giants will give significant impetus to the plant-based yogurt market across these regions. Consumers are seeing organic plant-based yogurts as a nutritious and healthy option to conventional yogurts. Organic plant-based yogurts are expected to witness high CAGR of 13.1% over the forecast period.

Consumers are becoming more aware of healthier ways of living. As a result they prefer eating healthy and spending more on functional food than to spending on medical treatments. Increasing focus on health and wellness among consumers due to COVID-19 outbreak is expected to provide pace to plant-based yogurt market over the forecast period.

“Plant-based diet is trending and manufacturers are capitalizing on this opportunity by offering delicious plant-based yogurts in the market. The plant-based yogurt is becoming a promising alternative to conventional yogurts and are likely to witness significantly high demand in the coming years. Manufacturers are focussing on product quality, product innovations, and consistent product availability. They are also partnering with various retailers to make their products available across the world.” said a lead analyst at FMI

Increasing Demand for Plant-based Products Boosts Growth Prospects

Plant-based yogurts are manufactured from sources such as legumes, seeds, nuts and grains, especially from soy, coconut, almond, and oats, which are all plant-based. Since the demand for plant-based ingredients and products is skyrocketing in the food and beverage industry, the non-dairy yogurt market is expected to witness significant growth.

Besides this, the increasing incidences of health issues associated with dairy products, increasing vegan and flexitarian population, and growing concern about animal welfare is leading to increasing market prospects for plant-based yogurts.

According to the Plant-based Food Association, in 2019 plant-based yogurts generated maximum sales in U.S. than other plant-based products such as milk, cheese, and butter among others. According to a Forbes report, animal milk and dairy products sales are declining rapidly with almost 11% drop as predicted in sales between 2015 and 2020.

Market Segmentation

The global plant-based yogurt market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Nature

Conventional Organic

Product Type

Cereal Type Oat Rice Corn Spelt Legume Soy Pea Peanut Lupin Chick Pea Nut Almond Coconut Hazelnut Pistachio Walnut Cashew Pili Nut Seed Sesame Flax Hemp Sunflower Pseudo Cereal Quinoa Teff Amarnath Cassava

Flavour

Regular Vanilla Strawberry Blueberry Cherry Peach Raspberry Coconut Coffee Others

Price Range

Economic Mid-Range Premium

Sales Channel

Food Service Retail Modern Trade Convenience Stores Specialty Stores Discounters Independent Small Groceries E-commerce Others

Global

North America Latin America Europe East Asia South Asia Oceania MEA

Who is winning?

The plant-based yogurt market is consolidated with ~70%of its share belonging to tier 1 players. Although several new manufacturers have entered in the market, largest share of the market remains with top manufacturers, mostly belonging from the Europe and U.S. Manufacturers are engaging in increasing their product portfolio by expanding their operations to other regions by strengthening their distribution channels.

Furthermore, multinational companies are focusing on expansion of their manufacturing facilities, partnerships, and acquiring local players that would complement their product offerings.

In 2018, The Oatly AB opened its first production plant in U.S. to offer dairy-free products made from oats such as Oatgurt Natural, Oatgurt Vanilla, and Oatgurt Blueberry Raspberry among others to increase its revenue. In 2019, Valsoia S.p.A made a partnership with Nordic food to distribute its plant-based products in Europe. Nordic Foods will distribute 34 products in Romania through hypermarket and supermarket chains. In 2017, Danone S.A. acquired WhiteWave Foods to expand its plant-based product portfolio and strengthen its position in the U.S. plant-based product market.

Get Valuable Insights into Plant-based Yogurt Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based yogurt market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on nature the market can be segmented into conventional and organic.

In terms of flavour, the market can be segmented into regular, vanilla, strawberry, blueberry, cherry, peach, raspberry, coconut, coffee, and others. Based on product type the market can be segmented into cereal type, legume, nut, seed, and pseudo cereal. Based on price range the market can be segmented into economic, mid-range, and premium. Based on sales channel the market can be segmented into food service and retail. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

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Plant-based Yogurt Market Outlook & Key Findings

Future Market Insights (FMI) forecasts a positive outlook for global plant-based yogurt market and projects a CAGR of 10% between 2020 and 2030 Plant-based snacks will secure hot-selling tag as consumers tilt in favor of healthy and vegan diet Over 50% of plant-based yogurt produced last year was derived from nut, finds FMI Despite availability in various flavors, regular plant-based yogurt will remain consumer favorites, accounting for nearly one-fourth of the market Other factors cited by FMI includes rising prevalence of lactose intolerance and a strong desire to align one’s food choices with environmental sustainability

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CBD Oil Market 2022 Global Development Countries Trends, Size, Industry Reviews with Leading Players 2031

The global sales of CBD oils are expected to total US$ 284.2 Mn in 2021. Future Market Insights (FMI) has projected the CBD oil market to grow at an exponential compound annual growth rate (CAGR) of 31.5%. Increasing use of CBD oil in production of animal feed and emerging scope for application in food and beverage industry are the key trends shaping CBD oil market.

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the CBD Oil Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2030.

The team of researchers at Future Business Insights are focussing on research and market study to produce different CBD Oil Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the CBD Oil Market.

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Key Players

CV Sciences, Medical Marijuana, Aurora Cannabis, Canopy Growth Corporation, Canntrust, Tilray, and Kazmira LLC are the top companies operating in the market.

Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Product Type:

Hemp Oil
Marijuana Oil

Application:

Pharmaceuticals
Food & Beverages
- Gummies
- Chewing Gums
- Chocolate bars
- Candies
- Beverages
- Dairy Products
- Bakery Products
- Snacks
Cosmetics
Others

Distribution Channel:

Direct/B2B
Indirect/B2C
Hospital Pharmacy
Retail Pharmacy
Hypermarkets/Supermarkets
Convenience Store
Online Retail
Others

Region:

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

Queries Solved

What is the size of the overall CBD Oil Market in the Food and Beverage Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the CBD Oil Market in the Food and Beverage Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the CBD Oil Market in the Food and Beverage Market?
What is the CBD Oil Market in the Food and Beverage Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in CBD Oil Market in the Food and Beverage Market?
What are the recent trends in CBD Oil Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the CBD Oil Market in the growth of the Food and Beverage Market?
What are the key market trends impacting the growth of the CBD Oil Market in the Food and Beverage Market?

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Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Coffee Grounds Market Insights Report 2022 with COVID-19 Pandemic Analysis & Future Growth Analysis by 2030

The global coffee grounds market size is expected to reach US$ 214.3 Mn by the end of 2030. According to the recent study by Future Market Insights (FMI), the market will surge at 5.5% CAGR between 2020 and 2030. According to the report, the market will show significant growth owing to the increasing applications of coffee grounds in agriculture, food and beverages, cosmetic, insecticides and pesticides and other industries. The report adopts unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the coffee grounds market. Some of these are:

The estimated value of the coffee grounds market was at US$ 125.4 Mn in 2020
Coffee grounds are used as fertilizer in agriculture sector. They add essential nutrients to the soil, thus improving soil aeration, drainage and water retention
North America currently accounts for the leading share in the global coffee grounds market, trailed by Europe

“The demand for beauty products is expected to be driven by increasing concerns among consumers about skin related problems. Furthermore the rising demand for organic products will bolster use of coffee grounds as a key ingredient in beauty products,” said a lead analyst at FMI.

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COVID-19 Outbreak will Impact Growth Due to Supply Disruptions and Decline in Demand

Shippers are dealing with quarantines at ports and shortages of crews during the coronavirus shutdown. As regards to demand, it is clear that coffee consumption is on the rise and will continue to rise in the near future. However, coffee grounds derived may go to waste since the supply is high and there are chances of grounds to get rot. Coffee grounds cannot be stored for a long time. Trade and logistics restrictions could cause demand-supply gap and might affect the manufacturers and end users of coffee grounds.

Who is Winning?

Some of the key players in the coffee grounds market are Starbucks, Red Thread, Death Wish Coffee Company, Folgers Coffee, The Kraft Heinz Company, Peet’s, Jo Coffee, Kicking Horse, Royal Kona, Hills Bros. Coffee, UCC among others. The market players are adopting various expansion strategies to gain competitive edge. For instance, they are increasing their research and development spending and focusing on product launches. Also, they are entering into collaborations with other companies to utilize the resources of each other and to outperform prevailing competition.

Market Segmentation

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

Application

Food and beverage
Agriculture
Cosmetic and Personal care
Insecticides and pesticides
Others

Region

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

Get Valuable Insights into Coffee Grounds Market

Future Market Insights, in its new report, presents an unbiased analysis of the global coffee grounds market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. On the basis of applications, the market is segmented into agriculture, cosmetics, insecticides and pesticides. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

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Coffee Grounds Market Outlook & Key Findings

The coffee grounds market will exhibit a CAGR of 5.5% between 2020 and 2030
With a share of 27%, North America dominates the global coffee grounds market in 2020. It is expected to remain the leading market over the next few years
Europe is also expected to emerge as the second-leading market in the global coffee grounds market.
Emerging economies such as China and India are likely to show considerably high demand for coffee grounds, enabling growth in the market in Asia Pacific
In terms of application, the agriculture sector will exhibit high demand for coffee grounds

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Hemp seed oil Market to depict appreciable growth prospects over 2022-2030

The global hemp seed oil market size is anticipated to reach US$ 336.1 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will rise at an impressive 18.5% CAGR between 2020 and 2030. According to the report, the rising demand for sustainable products will drive growth in the market. The report offers a holistic market overview intended to help stakeholders get a better look and the prevailing trends and opportunities. Besides examining investment feasibility across key segments, the study also analyses threats to the market.

Hemp seed oil is gaining popularity due to its rich content of omega-3 and omega-6, which offer numerous health benefits. Hemp seed oil helps in reducing inflammation, causing diseases related to the heart and cancer. The rising awareness about hemp seed oil and its various health benefits have resulted in its increased application in cooking oils, sauces and salad oil, baked foods, and nutritional supplements.

Hemp seed oil has started gaining traction recently owing to approvals by regulatory bodies for human consumption. This, coupled with its health benefits of hemp seed oil, has led to the higher demand in the market. CBD oil is more preferred as compared to the hemp seed oil, but economic pricing makes the latter more attractive for use in industrial applications.

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It includes in-depth insights into the hemp seed oil market. Some of these are:
• The estimated value of the market was at US$ 61.6 Mn in 2020.
• Region wise, the East and South Asia emerged as a key markets for hemp seed oil.
• North America and Europe will continue leading the global market for hemp seed oil.
• Food & beverage segment is expected to remain dominant in terms of application.
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.

“Increasing use of hemp seed oil as active ingredient in various products is expected to bolster growth of hemp seed oil market. Health-conscious consumers are looking for botanicals and botanical ingredients that offer several health benefits compared to products containing synthetic ingredients. Hemp seed oil is naturally extracted from hemp seeds and is considered suitable for application in various food products, which is aiding the market’s expansion,” said a lead analyst at FMI.

Increasing Demand for Baked and Ready-to-Eat Products due to COVID-19 Outbreak will Support Growth

The demand for salads, soup, and baked foods is increasing as consumers are looking for healthier diet options. This is one of the key factors driving the market for hemp seed oil. Due to the sudden outbreak and unrestrained spread of COVID-19, consumers have become more vigilant about their food consumptions. Even their purchase decisions are influenced by the need of healthiness and wellbeing. Such fluctuating consumer preferences with changing trends are likely to reshape the overall hemp seed oil market.

Hemp seed oil has rich content of nutrients and essential fatty acids. It has vast application in food and beverage industry. For instance hemp seed oil is used in making of sauces, dessert toppings, salad oil. Owing to its numerous benefits for heart and brain health it is popularly used as cooking oil. The growing trend for organic products is further paving way for expansion of hemp seed oil market. Further wide application in cosmetics and personal care products is also bolstering market demand for hemp seed oil.

Who is winning?

Some of the key players operating in the hemp seed oil market are Hemp oil Canada, Agropro, Maverik Oils, Nutiva Inc., Canopy Growth Corporation , Connolis, NP Nutra, 13 Seeds Hemp Farm, Eco fiber Limitged, Elixinol Global Limited, BOHECO.
Due to the increasing competition, manufacturers are focusing on expanding their product portfolio and filtering their process of extraction. Some of the major players like Canopy Growth, Hemp oil Canada, Ecofiber, Nutiva and others operate globally and manage their marketing activities such as promotion, product design, branding, packaging, pricing, and market research at a global scale. This helps them in developing the distribution network for goods and services in overseas markets, thus allowing these enterprises to earn higher profits.

Furthermore, manufacturers and suppliers of hemp seed oil target their customers based on their age, region, medical condition, spending power, dietary habits, and lifestyle. This is helping manufacturers and suppliers to position their products and is driving the hemp seed oil market. In addition to this, the common strategy adopted by market players includes acquisition and merging and they intend to expand their regional footprint through partnerships.

Market Segmentation

The Global hemp seed oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Nature
• Conventional
• Organic
Grade
• Food grade
• Pharmaceutical grade
Extraction process
• Cold pressed hemp seed oil
• Refined hemp seed oil

End use
• Food & beverages
o Sauces and salad dressings
o Dessert toppings
o Baked foods
o Margarine
o Cooking oil
• Nutraceuticals
• Cosmetics & personal care
• Pharmaceuticals
• Industrial products
Region
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

Get Valuable Insights into Hemp seed oil Market

Future Market Insights, in its new report, presents an unbiased analysis of the global hemp seed oil market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of nature, the market can be segmented into organic and conventional. Based on grade, the market can be classified into food grade and pharmaceutical grade. On the basis of extraction process market is segmented as cold pressed hemp seed oil and refined hemp seed oil. By the end use, market is classified as food & beverages, nutraceuticals, cosmetics & personal care, pharmaceuticals and industrial products. Regionally, the market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

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Market Outlook& Key Findings
• Hemp seed oil market is anticipated to grow at nearly 19.5% in 2020 owing to rising awareness about its health benefits
• New product launch by key players, especially in the sanitizer segment will aid the expansion of the market. For instance, recently SinglePoint Inc. launched a hand sanitizer Klen, which is infused with hemp seed oil
• Key manufacturers are likely to invest in hemp seed oil as the market presents impressive growth opportunities backed by increasing applications of hemp seed oil
• The inclusion of hemp seed oil in vegan products is further boosting its demand
• Changes in the regulatory framework legalizing the use of hemp seed oil for human consumption is likely to create growth opportunities for market players

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Energy Drinks Market Emerging Players May Yields New Opportunities 2022-2032

The global energy drinks market size was valued at USD 68.1 billion in 2021, and is expected to grow at a CAGR of 7.0% to reach USD 98.8 billion by 2032.

The demand for energy drinks is significantly increasing with consumers looking for ways of ensuring better health and immunity. There has been a sharp increase in the demand for coffee, dairy juice and other beverages across North America and Europe as consumers stockpile on essential products to sustain them during quarantine period amidst the prevailing COVID-19 crisis.

Consumers prefer products that come from natural sources and are vegan, GMO-free, organic, and have other clean label attributes. Their focus on holistic living and wellness is a key factor driving the energy drinks market. Consumers are determined to mark more purposeful choices with their buying power, purchasing with intention of creating positive and valuable experiences, which is supporting the expansion of the market.

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It has been found that the consumers are in favour of beverages that contain natural ingredients and added antioxidants, vitamins and minerals. In energy drinks, fruit concentrates are added which offer several health benefits. A rising awareness of this will fuel the demand for energy drinks in the coming years.

Market Segmentation

The global energy drinks market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers –

By Product Type :

Caffeinated Beverage
De-caffeinated Beverage

By Format :

Shots
powder
Ready-To-Drink (RTD)

By Flavor :

Unflavored
Flavored
- Citrus
- Berries
- Mocha
- Pomegranate
- Apple
- Mint
- Blends (Mix)
- Cola
- Watermelon
- Chocolate
- Others

By Categories :

Natural Energy Drink
Sports Drink
Non-Alcoholic Beverage
Functional beverages
Non-carbonated packaged drinks

By Nature :

Organic
Conventional

By Distribution Channel :

B2B
B2C
- Store-Based Retailing
- Hypermarkets /Supermarkets
- Convenience Stores
- Mom And Pop Stores
- Discount Stores
- Specialty Stores
- Independent Small Groceries
- Online Retail

By Region :

North America
Latin America
Europe
Asia Pacific Excluding Japan
Japan
Oceania
Middle East & Africa

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Key Questions Answered in the Report

How much is the current worth of the Energy Drinks market?

Currently, the energy drinks market is worth more than USD 68 bn.

At what CAGR is the market expected to grow?

Energy drinks sales are expected to grow at a CAGR of around ~7% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, energy drinks revenue grew at a CAGR of around ~6.7% during 2017-2021.

What is the demand outlook forecast for the market?

The global energy drinks market is forecasted to surpass ~USD 98 bn by the end of 2032.

Who are the top 5 players operating in the market?

Top players in the energy drinks industry are – Red Bull – Red Bull GmbH (Austria), Monster – Monster Beverage Corp (USA), Rockstar – Acquired by PepsiCo (USA), Eastroc Super Drink – Shenzhen Eastroc Beverage Co Ltd (China), and Hi-Tiger – Fujian Dali Food Co Ltd (China)

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

Market players are focusing on new product launches, strong e-commerce sales channels, merger and acquisition strategies, and lucrative sports sponsorships to remain a prominent player in the global market.

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