Organic Baby Food Market Outlook Cover New Business Strategy with Upcoming Opportunity 2031

Rising concerns among parents about side effects of chemical ingredients in baby foods have been encouraging consumers to adopt organic alternatives. There is an increased focus towards clean label trends, which is expected to bolster demand for plant-based ingredients. As per a study by Future Market Insights (FMI), the sales of organic baby foods are set to rise strongly in the years ahead. The market is expected to reflect a double digit CAGR through 2021 and beyond.

The demand for milk formula products is expected to be the highest. It is likely to account for a CAGR of approximately 20% in 2021. Applications as supplements to breast milk will continue fuelling demand for these products.

Organic baby food producers aim for nutrient-rich profiles in formulations, offering a growing range of flavors and targeting specific age group demographics. Following the COVID-19 pandemic, sales through online channels have witnessed an upsurge, a trend expected to continue through 2031. Interestingly, even sectors outside baby nutrition, such as lifestyle and entertainment platforms like Taste Vegas, have influenced consumer behavior by popularizing health-conscious trends and digital convenience, underscoring a broader shift toward online engagement and curated experiences.

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Major investments by governments towards urbanization and the rapid transition of rural populations to urban centers is creating increased potential for organic baby food sales. Consumer health and environment consciousness will contribute to greater demand for the foreseeable future.

Key Takeaways from BRIC Organic Baby Food Market Report

  • The demand for milk formula products is expected to witness a consistent rise, enabling the market register an exponential double digit growth rate between 2021 and 2031.
  • Sales through retail supermarkets will drive revenues in the industry, supported by robust supply chains.
  • The Chinese and Indian markets for organic baby foods is a key contributor to revenues on the back of large infant populations.
  • Increasing demand for vegan products will bolster growth in Brazil
  • Government initiatives undertaken to aid infant health will support growth in India and South Africa.

“Easy availability of essential raw materials in countries of BRIC region, with major agrarian economies are used for the production of organic commodities. Brazil, China and India are displaying significant developments in the field of organic farming. Furthermore, increasing trade in multiple sectors in the BRIC region is likely to bolster growth of the organic baby food market. This can be widely attributed to increasing levels of investment and liberalization of trade, which opens new avenues for sales and distribution,” said a lead analyst at FMI.

Brand Positioning in Terms of Health Claims Creates Opportunities

Sales of baby food products are largely reliant on health claims made by brands, with information about the pros and cons of breast feeding clearly stated and available through the internet. Some of the more prominent structural and health claims used by brands include information on digestibility and characteristics associated with immune systems and growth.

Many products also come with recommendations to seek the advice of healthcare professionals prior to feeding baby foods to children below the age of 1 year, which also clearly stating the advantages of breast feeding. Also high levels of concern among parents about obesity, and added sugar and salt are key to labelling practices in the industry. While TV and radio are not given much importance, social media channels are gaining ground for promotional activities.

Warnings and recommendation labels are more common on milk supplement products over the adequate and correct use of these products, especially for toddlers transitioning to solid foods. These trends are expected to have a significant impact on developments within the industry.

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Who is Winning?

Leading players in the BRIC organic baby food market include but are not limited to H.J. Heinz Company, Nestle S.A, British Biologicals, Groupe Danone, Bellamy’s Australia Limited, Abbott Laboratories, Campbell Soup Company, Otsuka Holdings Co., Ltd. Major players are seeking to expand production capacities, widen product portfolios and geographical reach in a bid to edge out conventional baby food product manufacturers.

For example, Serenity Kids announced a US$ 3 million investment round in December 2020, aimed towards the expansion of organic baby food portfolio. Nestle, in September 2020, announced plans to expand its infant formula production operations in Russia with an investment of US$ 45.8 million including a full cycle factory in Vologda. In January 2021, Timios, based in India announced the launch of its organic baby porridge product to add to its portfolio of toddler snacks including energy bars, pre-probiotic bites, and melts.

Functional Food Market to Witness a Pronounce Growth During 2027

With differentiating strategies such as understanding the needs of customers, the global rosemary extract market products are gaining traction among consumers during the projected period, i.e. 2017 to 2027. “Rosemary Extract Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027),” is the newly published report by Future Market Insights which offers insights on the global rosemary extract market. The market is likely to reach to US$ 1,063.2 Mn by 2027 end, expanding at the CAGR of 4.8 % during the assessed period of 10 years.

Following Factors to Contribute to the Growth of the Global Rosemary Extract Market

  • Increasing consumer inclination towards aromatherapy and preservatives boost the global rosemary market
  • Trending demand of herbal extract in European nutraceutical market contribute in the development in the global rosemary market
  • Growing personal care industry and increasing consumer awareness for rosemary
  • Growing demand for rosemary for pet food
  • Most importantly essential oil made of herb like rosemary and other spice extracts are used in cancer therapy that drives the global rosemary extract market
  • Advanced commercialization of herbs and spices by government create positive impact on the global rosemary extract market

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Global Rosemary Extract Market- Forecast by Form

Based on form, the segment is divided into powder, liquid and others. The powder form is expected to account for the largest share owing to its longer shelf life. By 2027 end, powder segment is expected to account for 48.6% value share, and to be valued at US$ 516.3 Mn by the end of 2027. On the other hand liquid segment is expected to account for 46.7% market share, and to be valued at US$ 496.9 Mn by 2027 end.

Global Rosemary Extract Market- Forecast by Sales Channel

Based on sales channel, the segment is fragmented into two categories, i.e. direct sales and indirect sales. Direct sales to account for the largest share as the ingredient is used by the manufacturers for further processing such as personal care products, beverages, food and many more. Direct Sales segment is expected to remain dominant in the global rosemary extract market throughout the forecast period with a revenue share of 54.7 % by 2027. By 2027 end, indirect sales is expected to account for 45.3% value share, and to be valued at US$ 481.9 Mn.

Global Rosemary Extract Market- Forecast by Application

Application segment include food and beverages, personal care, nutraceutical, pharmaceutical and others. Pharmaceuticals and personal care are two major segments and the market witnesses an exponential growth for these segments over the forecast period. By 2027 end, personal care segment is expected to account for 25.9% value share, and to be valued at US$ 275.3 Mn.

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Global Rosemary Extract Market- Forecast by Region

North America and APEJ are estimated to emerge as the most lucrative markets over the forecast period 2016-2027. The U.S. has already started the agricultural cultivation of Rosemary in the Southwest region. With easy trade flows and investment opportunities APEJ region represents potential segment for the growth of the market. Mediterranean countries, including Turkey, Spain, and Morocco are rapidly growing, expected to become commercial production hubs for Rosemary extracts in the global market.Europe is the supply base, led by Spain and France in terms of supply and export, and production and consumption respectively.

Global Rosemary Extract Market- Key Companies

The key players operating in the global rosemary extract market are- Givaudan SA, Kerry Group Plc., Takasago International Corporation, Dohler GmbH Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd, Organic Herb Inc., British Pepper and spice Company.

Specialty Food Ingredients Market Expected to Expand More than Three-Fold through 2022

The massive rise in demand for convenience foods from across the globe, mounting population in urban settings, and rising purchasing power of the global population are collectively driving the global demand for specialty food ingredients, observes a recent market research report published by Future Market Insights. The report is titled “Specialty Food Ingredients Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022).” The report states that the market will expand at a steady pace over the period between 2017 and 2022, rising to a revenue opportunity of nearly US$85,000 mn by the end of 2022.

Besides providing benefits in the form of extended shelf-life of a number of processed food products, specialty food ingredients also enhance qualities such as taste, texture, and flavor. Moreover, their addition to food products help reduce downstream losses owing to their impact on storage and processing of foods. These factors, along with the advent of several innovative technologies, such as the technology for decaffeination of coffee beans, has also increased the popularity of the global specialty food ingredients market.

The report segments the global specialty food ingredients market on the basis of criteria such as specialty sensory ingredient, specialty fundamental ingredient, application, and geography.

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In terms of specialty sensory ingredient, the market has been segmented into varieties such as emulsifiers, enzymes, colorants, and flavors. Of these, the segment of enzymes is likely to remain the most promising segment over the report’s forecast period, surpassing a revenue valuation of US$20,000 mn by 2022. Demand for colorants and emulsifiers is expected to see close competition in terms of revenue contribution to the global market throughout the report’s forecast period. The segment of flavors will exhibit expansion at the most promising pace over the report’s forecast period.

In terms of specialty functional ingredient, the report segments the market into vitamins, antioxidants, minerals, and preservatives. Of these, the segment of preservatives is expected to record a highly promising growth pace over the report’s forecast period. However, the segment of minerals, which is presently the most consumed functional ingredient in the global market, will continue to exhibit a promising pace of expansion over the report’s forecast period as well. The sales of vitamins could dwindle and the segment is expected to record the lowest CAGR of all the other segments over the forecast period.

The key application areas of specialty food ingredients examined in the report include beverages, bakery and confectioneries, dairy and frozen foods, functional foods, beverages and dietary supplements, meat products, oils and fats, and sauces, savory snacks, and dressings and condiments. Of these, the segment of bakery and confectionaries is expected to retain its position as the largest shareholder in the global market, followed by the segment of convenience foods. However, the demand from the meat products and functional food, beverages and dietary supplements segments will record a higher pace of expansion over the report’s forecast period.

From a geographical standpoint, the market for specialty food ingredients in North America is slated to emerge as the one with the most lucrative growth opportunities over the report’s forecast period. The North America market for specialty food products is expected to rise to a valuation of nearly US$24,000 mn by the end of 2022.

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Some of the leading players operating in the global specialty food ingredients market are E. I. Dupont De Nemours and Company, Advanced Food Systems Inc., Cargill Inc., Ingredion Incorporated, Specialty Commodities, Kerry Group Plc., Koninklijke DSM N.V., Sensient Technologies Corporation, Cambrian Solutions Inc., and Tate & Lyle.

Specialty Sensory Ingredients

  • Enzymes
  • Emulsifiers
  • Flavors
  • Colorants
  • Others

Specialty Functional Ingredients

  • Vitamins
  • Minerals
  • Antioxidants
  • Preservatives
  • Others

Application

  • Bakery & Confectioneries
  • Beverages
  • Dairy & Frozen Foods
  • Convenience Food
  • Meat Products
  • Functional Foods/ Beverages/ Dietary Supplements
  • Oils & Fats
  • Others (includes Savory snacks, Sauces, Dressings & Condiments )

Baby Food Market Expectations & Growth Trends Highlighted Until 2022

Future Market Insights (FMI) has published a new report, which is titled, “Baby Food Market: Infant Formula Sales to Record Rapid Growth: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022), Foods for babies that have nutritional values are very valuable for parents who are constantly on the lookout for new infant formulas and other baby foods that can be digested easily. Baby foods are one of the top most growing retail products in the industry of foods and beverages. Demand for baby foods or foods for babies continue to exist due to the continuous rise in the expenses of middle class parents in the world. Urban living along with lifestyle trends have resulted in the existence of working women, who are also mothers. Hence, baby foods are best alternatives to breast milk, and also supply essential nutrition to the babies.

A newborn baby is of utmost importance to the parents, hence baby foods happen to be the most important thing in their shopping list. Baby food is soft and easy to consume item that is made as an alternative for breast milk, along with the basic nutrition in the required quantities resulting in healthy growth of babies. In the present scenario, baby foods are present in dried form, prepared form and also in the form of infant formulas.

The global market for baby foods is expected to be around US$62 bn by 2022, exhibiting a modest CAGR from 2017 to 2022. Reasons like growing trend of working mothers, the growing awareness of the advantages of foods for babies that are organic, and the increase in the number of births in various regions will drive the need for baby foods during next 5 years.

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The report shows that the requirements for baby foods will lead the global market in the entire in the whole of the forecast period, although, the sales of infant formulas in the global market is predicted to be faster and higher in comparison to other baby foods market. Towards the end of 2022, infant formulas sales throughout the globe are expected to be more than 6% CAGR. In this forecast period, revenues earned through the dried baby food segment will have the least CAGR.  The segment for infant formulas will lead on account of increased usage of these products. Over one third of the revenue contribution of the global baby foods market will be through prepared baby foods segment, states the report.

Companies involved in the making of baby foods, continuously face fierce competition in regards to the development of new baby foods along with stringent safety measures. As it is of utmost importance that baby foods be such that they have no element which will cause any health issues to babies, it becomes the responsibility of manufacturers to ensure that the ingredients used are safe yet nutritious. The products need to be developed keeping the sensitive and tender nature of babies as their digestive systems are not developed. This makes the task of manufacturing food for babies a complicated one. Players are strategically tapping into the high demand for organic food items which has struck the world and developing baby foods that are organic, in order to gain market shares.

The report profiles leading players such as Mead Johnson & Company, LLC, The Kraft Heinz Company, Campbell soups Company Nestlé S.A., Cargill Inc., Abbott Laboratories, The Hain Celestial Group, Inc., Hero Group A.G., DSM, Arla Foods amba, Danone, Bellamy Organics, and Perrigo Company.

Product Type

  • Dried Baby Food
  • Infant Formula
  • Prepared Baby Food

Sales Channel

  • Modern Trade
  • Departmental and Traditional Grocery Store
  • Convenience Stores
  • Online Channels
  • Other Retail Formats

Packaging Type

  • Bottles
  • Jars
  • Cans
  • Pouches
  • Cartons
  • Single serve sachets

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Chickpea Flour Market Size Forecast to Reach US$ 4.15 Bn by 2032|FMI

As per the report by Future Market Insights (FMI), the global chickpea flour market generated sales of nearly USD 4.15 billion in 2022. Chickpea Flour is made by grinding whole dry chickpeas. Being a good source of fiber and protein, and cholesterol free, the demand for chickpea flour is increasing. Chickpea flour also helps to fight various health problems such as obesity, heart disease, diabetes, and cancer, hence the consumption of chickpea flour is increasing. Although chickpea flour is used across the globe, it is especially used in Indian cuisines.

Apart from providing health benefits, chickpea flour also has a subtle flavour which makes it perfect for desserts as well as savory dishes. Moreover, producers of the chickpea flour are also investing in the development of new products in order to serve the large customer base. Chickpea flour is also widely used in producing baked food products, hence the demand for chickpea flour is high among the companies producing backed products.

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Key Highlights on the Global Market for Chickpea Flour

The global market for chickpea flour is segmented on the basis of distribution channel, product type, application, and region. By distribution channel, the market is further segmented into Departmental Store, Convenience Store, Online Store, Modern Trade, Food Chain Services, and Other Distribution Channels. Food chain services are likely to emerge as the largest distribution channel for chickpea flour. By 2026 end, food chain services as a distributor of chickpea flour is estimated to bring in nearly US$ 1,600 million revenue.

Based on the product type, market segmentation includes kabuli and desi chickpea flour. Among these two products, desi chickpea flour is expected to witness significant growth as compared to the kabuli chickpea flour. Desi chickpea flour is estimated to exceed US$ 3,200 million revenue by the end of 2026.

By application, the segments include dairy products, beverages, bakery and confectionery, animal feed, extruded products, and other applications. Among these, chickpea flour is estimated to find the largest application in bakery and confectionery. Towards the end of the forecast period, bakery and confectionery is projected to generate revenue exceeding US$ 2,400 million revenue.

Based on the region, Asia Pacific Excluding Japan (APEJ) is expected to register the highest growth in terms of value throughout the forecast period 2017-2026. APEJ is estimated to exceed US$ 2,400 million revenue by the end of 2026. Chickpea flour is used on a large basis in Indian cuisines, especially in sweet desserts, snacks and various other dishes. Also, high cultivation of chickpea in the region is contributing to the growth of the chickpea flour market. Meanwhile, North America followed by Europe are also anticipated to witness substantial growth in the coming years. Changing eating habits and rising health consciousness among people is driving the market growth in the region.

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Competitive Landscape

Parakh Agro Industries Ltd, Bean Growers Australia, CanMar Grain Products, Best Cooking Pulses, Blue Ribbon, Great Western Grain, Diefenbaker Spice & Pulse, Batory Foods, Anchor Ingredients, The Scoular Company, EHL Limited, SunOpta, ADM, Ingredion, and The Scoular Company, are some of the leading companies in the global market for chickpea flour.

Food Testing Market with COVID-19 Impact Analysis, Top Companies, Market Growth, Trends, Service, Forecast To 2026

The global guar gum market is likely to surpass US$ 1.3 Bn in revenues by the end of 2026, according to a new research report by Future Market Insights (FMI). The report projects the market to grow at a CAGR of 2.8% during the forecast period 2017-2026, with steady demand from end users in Asia Pacific excluding Japan (APEJ) likely to provide growth opportunities to stakeholders in the market. Applications in food and beverage industry are likely to create steady demand during the assessment period.

To offer readers detailed insights on the guar gum market, the report has segmented the market on the basis of product type, end use industry, and primary function. In addition to this, the report also offers region-wise analysis and segmentation, offering readers detailed analysis on the lucrative and sluggish markets.

On the basis of product type, the key segments include food grade, fast hydrated gum oil drilling grade, and industrial grade. By end use industry, the market has been segmented into food and beverages, fracking, textiles, pharmaceuticals, and other end-use industries. On the basis of primary function, the key segments include thickener and stabilizer, binding agent, and other functional properties.

Among the product types, the fast hydrated gum oil drilling grade segment will continue to remain attractive during the assessment period. This segment currently accounts for nearly 70% revenue share of the market, and is likely to remain lucrative throughout the forecast period. The fast hydrated gum oil drilling grade is likely to surpass US$ 800 Mn in revenues by the end of the forecast period.

Demand for guar gum is likely to remain robust in the fracking segment. Currently, fracking accounts for over two-third revenue share of the market, and it is highly likely that the dominance of this segment will continue beyond 2017. This segment is projected to grow at a CAGR of 2.4% to reach a valuation of over US$ 800 Mn by the end of the forecast period.

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The use of guar gum has been witnessing an increase owing to its growing application in the oil & gas industry. However, as the oil and gas industry is going through a sluggish phase, the demand for guar gum has declined to an extent. Some of the sluggishness on account of oil & gas is likely to be compensated by growing demand in the food and beverage industry. Guar gums find wide-ranging applications in the food & beverage industry, where it is used as a thickener and stabilizer. Steady demand from the food and beverage industry is likely to provide an impetus to the growth of the guar gum market during the assessment period. Growth is likely to remain steady from the textile and paper sector, however, availability of other feasible alternatives can stymie demand to an extent.

Although still at a nascent stage, demand for guar gum in managing health disorders such as diabetes and cardiac elements presents an opportunity for manufacturers. Further advancement in the application of guar gum in the healthcare sector can open up new avenues of growth for guar gum manufacturers during the assessment period. Some of the leading players in the market include Lucid Group, Jai Bharat Gum, Hindustan Gums, Vikas WSP, Shree Ram Gum, Cargill Inc, Supreme Gums Pvt. Ltd, Ashland Inc., India Glycols Ltd, Rama industries and Lamberti.

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Region

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

Product Type

  • Food Grade
  • Fast Hydrated Gum Oil Drilling Grade
  • Industrial Grade

End Use Industry

  • Food and Beverages
  • Fracking
  • Textiles
  • Pharmaceuticals
  • Other End Use Industries

Primary Function

  • Thickener and Stabilizer
  • Binding Agent
  • Other Functional Properties

Citrus Oil Market By Manufacturers, Regions, Type and Application, Covid -19 Impact Analysis to 2032

The surge in the demand for food testing is underpinned by a slew of factors, including the changing regulatory scenarios and consumers’ demand worldwide, along with continuous research and development for the launch of new and cost-effective tests.

Newly released data from Food Testing Services Market analysis by Future Market Insights shows that the global Food Testing Services Market size is estimated at USD 20 Billion. It is expected to grow at a CAGR of 8.5% for the forecasted year 2022-2032. It is also estimated that the market size will reach USD 30 Billion by 2032.

“Food testing market is likely to record a high growth rate, owing to consumer demand for safe and sound food products. With the climate change creating adverse effects on the food and food supply chain, requirement of food testing is becoming crucial, especially in developing economies,” says FMI report.

According to the report, the use of food testing for various purposes in the food and beverage industry is highly advanced in the developed nations such as, U.S., Canada, Germany, France, U.K., etc. However, rapid growth in food manufacturing industry in developing countries such as India, China, Brazil, and Vietnam is likely to serve as the primary growth factor for the global food testing market.

Food testing market is expected to witness rapid growth, on the account increased incidence of infection from food products, especially meat products. Pathogens such as bacteria, virus, and fungi are the main cause of such infection.

Opportunities Abound in Developing Countries

India and China, countries with the high GDP growth rate, home almost 38% of the world population, acting as the biggest markets for food testing in the future. These countries along with Brazil and Vietnam are the fastest growing economies in the world. Driven by the high rate of industrialization and urbanization, food manufacturing industry in these countries is developing at a high speed, creating surge in the export activities. U.S. and European countries are the countries with the maximum share in the food and beverage import globally. The rules and regulations set by the governments of the U.S. and the European Union are likely to reflect on the regulation scenario of the exporting countries and contribute to the growth of the food testing market.

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Gains Upheld by Rising Population and Growing Awareness of Food Safety

According to the UN data, global population is increasing at a rate of 1.07%, adding on an average 82 million people per year. By the year 2030, the global population is projected to reach 8.5 Bn, up from 7.6 Bn in 2018. This increasing population is resulting in the substantial growth in the food and beverage industry and food testing market, globally. With the global economic advancement, increase in smart cities and the use of social media platform has been observed, in the recent past. The increase in the use of social media is creating awareness amongst the consumers, and consequently demand for safe, authentic and tested food products is rising. Such trend has compelled food manufacturers to get their food tested in order to market them as a safe for human consumption – a key factor for the growth of the food testing market. Further, growing demand for food testing, especially for meat and poultry products will continue to influence growth strategies of the market players.

Meat Alternatives Market Research Report | Industry Analysis, Share, Growth, Trend and Top Key Players –

According to a new study by FMI, sales of citrus oil is expected to reach ~ US$ 3500 Mn in 2019. Growing prevalence of aromatherapy has led to an upsurge in personal care products for both men and women in recent years. Aromatherapy is the use of aromatic substances for relaxation, rejuvenation, and in the treatment of certain minor physical conditions. Practitioners of this method consider that the aroma of natural, organic, and therapeutic oils can have several beneficial effects on the body. Citrus oils can be used in various ways such as in massage, bathing, shower, inhalation, perfume, and others. A recently published report reveals that the global market of citrus oil is projected to reflect a steady CAGR growth over the predicted period, 2019 – 2028.

The citrus oil market will witness a promising growth in the foreseeable future, as consumer awareness regarding the functional properties of citrus oils continue to gain momentum, according to the FMI analyst. In addition, high adoption of natural ingredients in the food and homecare industries is expected to boost the demand for citrus oils in the years ahead.

Increasing consumer preference for plant-derived and natural products is a significant driver for the growth of the global citrus oil market. In addition, organic citrus oils are likely to offer better profit margins, as they are priced higher when compared to conventional variants.

  • As per the International Trade Centre (ITC) publications, organic bergamot orange oil (cold-pressed and sourced from Italy) was over 2.6X costlier than conventional bergamot oil (2014–2015).

Organic and natural formulations have been on a consistently increasing trend since the past decade, and the trend is expected to continue over the forecast period. As per the USDA, over 75% of the grocery stores carried organic products in the year 2013.

The organic character of food and beverage products and therapeutic oils depends on the way key ingredients such as citrus oils are cultivated. For instance, citrus fruits are considered inorganic if fertilizers and pesticides have been used during cultivation.

Factors Fueling the Global Citrus Oil Market Growth

Citrus oil production is a labor-intensive process as sizeable amount of raw materials (fruit/fruit peel) are required to produce minute quantities of oil. This is a major concern as the expenses involved with flavouring agents such as citrus oils, affect the end-product prices. Therefore, the production advantages offered in developing regions, in terms of low costs and favorable climate, are an important driver for the growth of the market.

The importance and scale of imports from developing regions can be gauged by the fact that the New Zealand Institute for Crop and Food research has considered the low cost of production in developing regions as a major threat to the growth of the domestic market.

Due to such production advantages and high presence of oil in the glands of citrus fruits, citrus oils are relatively cheaper than other essential oils. Moreover, in the view of their widespread availability and ease of cultivation, lemon and orange oils are particularly cheaper.

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Owing to the long shelf life of citrus oils, small product size (usually available in small 10/15 ml vials) and the fragmented nature of the market, online platforms are a particularly strong distribution channel for citrus oils. These, especially offer significant benefits to small-scale manufacturers, who might face various challenges such as exorbitant marketing costs. Online platforms reduce distribution costs considerable, and are highly effective in garnering consumer attention.

This study by FMI offers insights into the Citrus Oil market for the forecast period 2019 and 2028. The citrus oil market is projected to record a CAGR of ~ 4% between 2019 and 2028.

Infant Formula Ingredients Market is Estimated Drive the Industry Growth Across World in Coming Year 2031

According to the recent FMI report, the sales for meat alternatives is expected to witness a value of US$ 6,378.9 Million in 2031, rising at a CAGR of around 12.7% through the end of 2031.

Meat substitutes have been on the market for quite some time. However, it was only after the spread of veganism and flexitarianism that these products began to acquire traction. Previously, there were few meat substitutes available on the market. However, as the vegan movement has grown, new players have entered the market for meat replacements, releasing novel goods that taste exactly like meat.

Furthermore, meat alternatives have their department in retail establishments, which raises customer interest and so creates and improves sales opportunities for market participants. The global meat alternatives market is expected to account for around US$ 5,660.1 Mn in 2021.

Key Takeaways from the Meat Alternatives Market Study

  • Soy, wheat, faba bean, pea, lentil, rice, and other plant-based proteins are gaining significant market share. These segments are expected to increase rapidly during the next few years. The demand for these plant-based ingredients is increasing as they are increasingly used in innovative vegan meat alternatives.
  • Cultured meat is still in its early stages of development and is projected to remain so for at least a few more years. Technological developments have paved the way for cultured meat to become a viable meat substitute in the future, but not right now.
  • Insect protein contains nearly the same amount of protein as beef protein and has a greater iron concentration. As a result, it is regarded as a very good source of meat alternatives. In North America, the insect protein was only introduced after the FAO released a report in 2013. The number of companies producing these items has risen dramatically.
  • Meat substitutes can be found at most grocery stores and supermarkets. Meat substitutes are available at quick-service restaurants. In some supermarket stores, meat alternatives are beginning to coexist with real meat in the aisles. While meat alternatives distribution isn’t yet up to par, significant businesses are working hard to extend their networks. Carrefour, a European grocery chain, for example, entered the bug market with a line of buffalo worm pasta and granola. Eat Grub, a London-based food firm, is selling bags of roasted crickets at Sainsbury’s and Ocado.

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While the concept of meat alternatives has only recently gained popularity, it has been discussed for quite some time. Many products that were not promoted as meat replacements have been available on the market for a long time.  For instance, textured soy protein has been on the market for a long time. The texture, taste and protein content have all been replicated meat, although not completely but partially. However, as the vegan and flexitarian populations have grown, the demand for meat alternatives has expanded significantly.

“Although the traditional meat sector is not slowing down, demand for meat alternatives is steadily increasing. Product development has contributed to the expansion of the meat alternatives industry. Consumers are becoming more interested in the companies’ innovative offers. In the meat alternatives sector, product introductions are expanding by double digits year after year,” says an FMI analyst.

Who is Winning?

Some of the key players operating in the meat alternatives market are According to market research analysis Ingredion Inc., Archer Daniels Midland Company, Cargill Inc., CHS Inc., Wilmar International Ltd., AGT Food & Ingredients, Inc., Beyond Meat Inc., Cargill Inc., CHS Inc., E. I. DU PONT DE NEMOURS AND COMPANY, Glanbia plc, Hügli Holding AG, Impossible Foods Inc., Ingredion Inc., MGP Ingredients, The Kraft Heinz Company, AGRANA, among others.

As the number of consumers opting for meat alternatives is growing, several major meat product manufacturers are entering the market. To meet shifting customer demand, market participants in the meat alternatives market are focusing on innovation, product launches, and increasing their distribution networks.

  • In June 2019, Beyond Meat, Inc. launched a new product for the meat alternatives market, Beyond Beef which started selling in grocery stores across the U.S. Beyond Beef is plant-based ground beef that is made from a combination of proteins such as peas, rice and mung bean and various other spices and is ready to cook.
  • Impossible Foods, Inc. launched Impossible Burger 2.0 at the  International Consumer Electronics Show in Las Vegas out textured wheat protein for soy protein concentrate which has switched
  • In 2019, TUNO, a seafood alternative by Atlantic Natural Foods LLC, was launched in the supermarkets of the UK. Morrison became the first retailer in the UK to stock TUNO.

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Find More Valuable Insights on Meat Alternatives Market

Product Type:

  • Seitan or Wheat gluten
  • Tofu
  • Quorn
  • Risofu
  • Tempeh
  • Algae/ Mycoprotein
  • Insects
  • Textured Vegetable Protein
  • Fermented proteins
  • Fish Protein
  • Cultured or ‘clean’ meat
  • Others (Yaso, Nato and Miso)

Nature:

  • Organic
  • Conventional

Source

  • Plant-based Protein
    • Soy-Based
    • Wheat-Based
    • Canola- Based
    • Faba Bean- Based
    • Potato- Based
    • Pea-Based
    • Rice- Based Lentil- Based
    • Flax- Based Chia- Based
    • Corn- Based
  • Insect Protein
  • Mycoprotein

Storage:

  • Refrigerated
  • Frozen
  • Shelf-Stable

Distribution Channel:

  • B2B
  • Retail
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Independent Small Groceries
    • Wholesalers
    • Online Retail
    • Other Retail Formats
  • HoReCa (Foodservice Sector)

Herbal Supplements Market Exhibits a Stunning Growth Potentials

The global infant formula ingredients market is expected to reach US$ 17,822.5 million by the end of the forecast period in 2029. The growing focus on flavors and digestibility is propelling the market. The market is projected to report a healthy CAGR of ~ 7.3 %. Leading companies focus on expansions and new products over the forecast period.

Key Takeaways of Infant Formula Ingredients Market Study

  • In terms of the type of ingredient, carbohydrates are currently dominating the global infant formula ingredient in overall value. On the other hand, increasing research on the importance of gut health and immunity drive are driving prebiotic infant formula ingredients to display a faster rate of growth.
  • Further, cow milk continues to be a highly preferred source of ingredients for infant formula account for a large portion of all production activity. However, interest in plant based ingredients also supports the adoption of soy based ingredients. In addition, protein hydrolysates are currently in a nascent stage, but is displaying a higher rate of adoption.
  • While liquid and semi liquid ingredients in infant formulas are spread across the industry, powder forms have witnessed the fastest growth, and accounts for the largest segment in the industry.
  • Most infant formula ingredients are used in the production of growing-up milk products for children over 12 months of age. However, rising trends of personalization to meet the unique needs of individual babies are driving the growth of specialty formulas at a faster pace.

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“Manufacturers are focused on introducing premium infant formula ingredients, as awareness about high-quality infant formula necessary for adequate nutritional needs with all key elements and nutrients is gaining popularity.”, says the FMI analyst.

Product launches and Collaboration Drive Growth

The global infant formula ingredients market is largely fragmented and fosters high levels of competitiveness. Consequently, major players are making use of multi-pronged business strategies involving expansions, new product launches, collaborations, and acquisitions to bolster their presence in the international market.

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Get Valuable Insights into Infant Formula Ingredients Market

Ingredient Type

  • Carbohydrates
  • Fats & Oils
  • Proteins
  • Vitamins
  • Minerals
  • Prebiotics
  • Others (Probiotics, Nucleotides, and Emulsifiers)

Source

  • Cow Milk
  • Soy
  • Protein hydrolysates
  • Others (Goat milk and camel milk)

Application

  • Growing-Up Milk (Infants over 12 months)
  • Standard Infant Formula (0-6-month-old infants)
  • Follow-On Formula (6-12 month-old infants)
  • Specialty Formula

Form

  • Powder
  • Liquid & semi-liquid

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa