Turmeric Market Value Expected to Soar to USD 7.58 Billion by 2033: FMI Insights

Picture background
Turmeric Market

According to Future Market Insights’ latest report, the global turmeric market is forecast to expand from US$ 4,419.3 million in 2023 to US$ 7,579.2 million by 2033. Overall turmeric sales are poised to rise at 5.5% CAGR from 2023 to 2033.

Rising applications of turmeric across several industries, especially food & beverage and pharmaceutical is expected to drive the global market forward during the assessment period.

Turmeric is known to provide considerable health advantages and can stave off several ailments, including cancer, coronary heart disease, and Alzheimer’s. It gradually increases antioxidants, helps lower cholesterol levels, and is useful in treating skin conditions.

Thanks to these potential health benefits of turmeric, its application area is growing rapidly day by day. This in turn will continue to boost turmeric sales and help the market to thrive swiftly during the projection period.

Subsequently, popularity of turmeric is growing as people embrace healthier lifestyles and the demand for organic and natural food ingredients rises. Additionally, the main element boosting market revenue is the rising demand for organically grown Curcuma longa.

Turmeric is one of the important spices that is widely used around the world and is mostly consumed by the packaged food industry. The use of turmeric components not only extends the shelf life of the products but also improves the flavor to give each cuisine a distinct aroma and taste.

During the forecast period, a significant increase in demand for processed food products is anticipated to create lucrative growth opportunities for turmeric manufacturers and suppliers.

Further, growing usage of turmeric in pharmaceuticals and personal care products due to its antiseptic, anti-inflammatory, and antioxidant properties will boost turmeric sales over the next ten years.

Key Takeaways from the Report:

  • Between 2018 and 2022, global sales of turmeric are forecast to surge at a CAGR of 5.5%.
  • The global turmeric market size is anticipated to reach US$ 23,977.9 million by 2033.
  • In terms of product form, the processed turmeric segment accounts for a dominant share of 78.4% of the total market in 2023.
  • Based on variety, Alleppey turmeric segment holds a significant market share of 38.4% of the total turmeric market in 2023.
  • By end use, food and beverage processing segment leads the turmeric market with a prominent share of 36.4% in 2023.
  • The United Kingdom turmeric market is projected to expand at a CAGR of 6.1% during the forecast period from 2023 to 2033.
  • Turmeric sales across India are likely to increase at a robust CAGR of 9.2% between 2023 and 2033.
  • The USA turmeric market is forecast to exhibit a CAGR of 4.5% during the assessment period.

“Growing awareness about the potential health benefits of turmeric is anticipated to help the market thrive steadily during the projection period (2023 to 2033),” says a lead analyst at Future Market Insights.

Who is Winning?

Leading turmeric manufacturing companies profiled in the report include The Archer Daniels Midland Company, Naturex S.A., Everest Spices, Symrise AG, Sabinsa Corporation, Kancor Ingredients Limited, Chr. Hansen A/S, MDH Spices, Roha Dyechem Pvt. Ltd., DDW The Colour House Corporation, Biomax Life Sciences Ltd., Kalsec, Inc., ITC Limited, Vigon International, Inc., Universal Oleoresins, McCormick & Company, BOS Natural Flavors (P) Limited, Ungerer & Company, Sensient Technologies Corporation, and Frutarom Industries Ltd.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Turmeric market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study provides compelling insights into the Turmeric market based on Variety (Madras Turmeric, Alleppey Turmeric, West Indian Turmeric), Product Form (Whole Turmeric, Processed Turmeric), End Use (Food and Beverage Processing, Pharmaceuticals & Dietary Supplements, Cosmetics & Personal Care, Textiles, Foodservice/HoReCa, Retail/Household), and Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Retail), Nature (Organic, Conventional) across several regions.

Extensive Market Research: Complete Report and Findings

Turmeric Industry Segmentation

By Variety:

  • Madras Turmeric
  • Alleppey Turmeric
  • West Indian Turmeric
  • Others (Rajapore, BKK, etc.)

By Product Form:

  • Whole Turmeric
  • Processed Turmeric
    • Powder
    • Oleoresin
    • Curcumin
    • Turmeric Oil

By End Use:

  • Food and Beverage Processing
    • Processed Food Products
    • Dairy Products
    • Meat, Poultry, and Seafood
    • Confectionery
    • Baked Goods
    • Sauces, Dressings, and Condiments
    • Spices and Seasoning
    • Beverages
    • Others (Infusions, etc.)
  • Pharmaceuticals & Dietary Supplements
  • Cosmetics & Personal Care
  • Textiles
  • Foodservice/HoReCa
  • Retail/Household

By Distribution Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retail

By Nature:

  • Organic
  • Conventional

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Pharmaceutical Grade Sodium Chloride Spotlight: How Medical Demand Is Shaping the Future of Healthcare

Pharmaceutical Grade Sodium Chloride Market
Pharmaceutical Grade Sodium Chloride Market

Sodium chloride, or common salt, is a vital chemical in various industries, including cosmetics, pharmaceuticals, and processed foods. It is used in manufacturing products like dialysis and infusion therapies, oral rehydration salts, injections, and salt drops in the pharmaceutical industry. The demand for pharmaceutical grade sodium chloride is projected to compel enriched healthcare expenditure and substantial growth in the pharmaceutical industry, primarily in developing regions such as China and India.

The pharmaceutical-grade sodium chloride market is poised for substantial growth, with its valuation expected to reach USD 355 million in 2024 and projected to soar to USD 618 million by 2034. This significant increase, reflecting a robust compound annual growth rate (CAGR) of 5.70% from 2024 to 2034, underscores the rising demand for high-purity sodium chloride in various pharmaceutical applications. This growth is driven by its crucial role in manufacturing medical products, intravenous therapies, and dialysis solutions, alongside the expanding global pharmaceutical industry and increasing healthcare expenditures.

The pharmaceutical and healthcare industry has experienced significant growth, with substantial investments in the sector. Pharmaceutical-grade salt is predominantly used in injections, hemodialysis, oral rehydration salts, and other pharmaceutical chemicals and products. However, the complex and costly process of producing and selling sodium chloride at high purity levels has deterred many small and medium-sized manufacturers from entering the market.

The global pandemic has caused a downturn in the market, but it is anticipated to rebound and witness significant growth in the forthcoming decade. Oral drug delivery has proven superior due to high patient compliance, cost-effectiveness, decreased sterility restrictions, flexibility in dosage form design, and ease of production. The demand for matrix tablets infused with medicated salt is important for controlled and sustained-release dosage forms, and pharmaceutical-grade sodium chloride is commonly used to produce matrix tablets.

The growing prevalence of stress and lifestyle-related disorders in patients is propelling innovation and research in drug-delivery technologies, leading to an increasing market for novel drug formulations. The pharmaceutical sector is anticipated to develop exponentially due to health insurance awareness and affordability.

The pandemic has disrupted many business lines, including the pharmaceutical industry, causing decreased demand and lockdown regulations. However, the rising consumption of pharmaceutical-grade sodium chloride for various applications is predicted to accelerate market growth.

“A common ingredient found in end-use sectors such as processed foods, pharmaceuticals, and cosmetics is sodium chloride. The increase in chronic and renal disorders is one of the main factors pushing the demand for pharmaceutical-grade sodium chloride. The market is favorably impacted by elements such as new product development, application growth, the role of governmental and nonprofit organizations in creating pharmaceutical-grade solutions, the rate of industrialization and urbanization, the expansion of the healthcare sector, and rising purchasing power. The market is expected to develop because of its extensive applicability in future projects.” says an analyst of Future Market Insights.

Key Takeaways from the Pharmaceutical Grade Sodium Chloride Market Report

  • The pharmaceutical grade sodium chloride industry in South Korea is projected to experience a CAGR of 2.5% through 2034.
  • Spain’s pharmaceutical grade sodium chloride market is estimated to demonstrate a CAGR of 4.2% through 2034.
  • The pharmaceutical grade sodium chloride industry in the United States is anticipated to see a CAGR of 3.2% from 2024 to 2034.
  • China’s pharmaceutical grade sodium chloride sector is projected to showcase a CAGR of 6.3% through 2034.
  • The pharmaceutical grade sodium chloride market in India is anticipated to display a CAGR of 8.4% through 2034.

Competitive Landscape of the Pharmaceutical Grade Sodium Chloride Market

With major companies spending on research and development, mergers, and manufacturing capacity, the pharmaceutical-grade sodium chloride market is expanding into emerging areas. Well-planned technology and marketing tactics drive market expansion. The market features a sizable pool of suppliers, a solid healthcare system, and strong alliances throughout the value chain. To meet the demands of a growing client base, businesses are concentrating on robust research and development initiatives and strategic partnerships with end-users and local distributors.

Recent Developments in the Pharmaceutical Grade Sodium Chloride Market

  • With United States Department of Justice permission, SCIH Salt Holdings was on the verge of purchasing Morton Salt from K+S in April 2021. The proposed settlement calls for US Salt to sell its evaporated salt business. The DOJ’s Antitrust Division filed a lawsuit to stop the deal.
  • Leading supply chain partner for the United Kingdom, Wincanton, and Tata Chemicals Europe (TCE), which comprises British Salt Limited, inked a ten-year deal for warehousing and logistics in May 2023. The partnership will manage the pharmaceutical company’s new 185,000-square-foot warehouse in Middlewich, Cheshire.

Pharmaceutical Grade Sodium Chloride Market Key Companies

  • K + S AG
  • Akzonobel
  • Cargill
  • Hebei Huachen
  • Swiss Saltworks
  • Sudsalz Gmbh
  • Tata Chemicals
  • Cheetham Salt
  • Salinen
  • Dominion Salt Ltd.

Surge in Demand for Pharmaceutical-Grade Sodium Chloride: Fueling Growth in Dialysis and Medication Markets—Explore the Full Report for Detailed Insights!

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Mezcal Market Set for 14.2% CAGR Growth as Artisanal Agave Spirits Gain Popularity | FMI

Picture background
Mezcal Market

According to Future Market Insights (FMI), the global mezcal market is estimated to reach a valuation of US$ 635 million by 2024. Over the forecast period, sales are poised to increase at a CAGR of 14.2%. The global industry is estimated to reach US$ 1,536 million by 2034.

Increasing consumer demand for premium versions of mezcal is a key factor surging mezcal sales. Rising disposable income and urbanization allow consumers to pay premium prices for quality products, augmenting demand for mezcal in the market.

Growing demand and availability of new flavors in mezcal, such as grapefruit, are expected to fuel market growth. Mezcal is gaining traction worldwide as more people become familiar with its distinctive taste and strong alcohol content.

The popularity of non-alcoholic drinks is on the rise. Mezcal manufacturers have begun to provide alcohol-free mezcal cocktails to customers. This trend is likely to push growth in the industry.

Technological improvements have made it possible to produce extracts and spirits sustainably. To lower extraction and production costs, leading vendors and manufacturers are working on new products and technologies. Companies are set to improve product traceability by utilizing cutting-edge technology that considerably increases the efficacy and efficiency of supply chains.

Key Takeaways from the Mezcal Market Study

  • The global mezcal industry is estimated to reach US$ 1,536 million by 2034.
  • Over the forecast period, sales of mezcal are poised to increase at a CAGR of 14.2%.
  • China’s mezcal market is expected to surge at 10.2% through 2034.
  • The 100% tequila segment is anticipated to reach US$ 860 million by 2034 based on concentration.
  • Based on region, Germany is projected to rise at 8.6% CAGR through 2034.

“The emergence of cocktail culture, along with producers’ efforts to modernize the marketplace by giving spirits to customers with better access and more options, is likely to accelerate market growth. Furthermore, as demand for mezcal grows, leading companies are reporting considerable revenue growth by giving consumers a variety of unique tastes to satisfy their shifting preferences,”- says a lead Future Market Insights (FMI) analyst.

Competitive Landscape

Due to rising consumer demand for mezcal, several leading manufacturers focus on offering it at the best possible pricing. Key manufacturers are using integrated production methods to increase their market share and manufacturing capacity while expanding their industrial footprints. Bacardi Limited, Familia Camarena Tequila, Craft Distiller, Destileria Tlacolula, Diageo Plc., Don Julio, S.A.de., and El Silencio Holdings Inc. are the leading players in the market.

For instance,

  • In 2023, Don Julio launched an impressive range of aged tequila and premium mezcals, including Añejo Clásico, Paloma Negra, and Espadín.
  • In September 2023, Bacardi Limited acquired the leading mezcal brand, ILEGAL Mezcal®, to expand the existing business in the United States.
  • In April 2023, El Rayo partnered with Sainsbury’s to secure a supermarket listing.
  • In June 2023, Charter Brands expanded its portfolio of agave spirits. The company added Cuentacuentos Mezcal and Tso’ok Rum to its portfolio.

Get Valuable Insights into the Mezcal Market                                                                             

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the mezcal market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study divulges compelling insights on the mezcal market based on product type (joven, reposado, and anejo), concentration (100% tequila and mixed tequila), and regions.

Thorough Market Evaluation: Full Report

Global Mezcal Market Segmentation by Category

By Product Type:

  • Joven
  • Reposado
  • Anejo

By Concentration:

  • 100% Tequila
  • Mixed Tequila

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Surge in Residential Projects Boosts Demand for Countertops: A Comprehensive Market Analysis

Countertop Market
Countertop Market

 

The global countertop market is poised for significant expansion, with its value projected to increase from USD 122,395.22 million in 2023 to USD 197,478.28 million by 2033. This robust growth, anticipated to be fueled by an average compound annual growth rate (CAGR) of 4.9% over the next decade, reflects a rising demand for both functional and aesthetically pleasing surfaces in residential and commercial spaces. As trends evolve and consumer preferences shift towards innovative materials and designs, the market is expected to witness sustained momentum and investment opportunities throughout this period.

An increase in residential projects is expected to propel the sales of kitchen sink countertops. Additionally, the surging trend of decorating kitchens and bathrooms in developed and emerging economies due to increasing disposable incomes contributes to the overall sales of countertops. Additionally, increasing preference for multiple bathrooms and expansive kitchens will stimulate demand for countertops.

The demand for kitchen sink countertops is rising at a robust pace to boost the aesthetic appeal of the space. Moreover, the surging development of various residential projects across the globe is expected to augment the demand for countertops. Furthermore, the advent of different state-of-the-art countertop materials like quartz is expected to be one of the leading factors propelling the demand for this market as the product is considered highly durable, non-porous, and most robust.

Recent technological upgrades in the construction sector propel the demand for modern countertops that can fit over low-height furniture and cabinets. Deployment of the latest technologies, like advanced tools, robots, 3D printing, etc., to boost the functionality of product offerings across the globe is expected to propel market growth.

Key players are expected to focus on the non-residential sector over the forecast period. Additionally, they are expected to turn their focus on high-growth countries like Canada, Italy, New Zealand, Australia, and ASEAN countries for the next ten years,” comments a Future Market Insights analyst.

Key Takeaways from the Countertop Market Report

  • In the North American countertop market, the United States is projected to record a CAGR of 4.8%, whereas Canada is expected to account for a CAGR of 6.4% through 2033.
  • In Europe, the high-growth countertop markets are Spain, Italy, and France, which are expected to register CAGRs of 5.6%, 5.5%, and 5.3%, respectively, throughout the forecast period.
  • The Asia Pacific is expected to grow significantly over the upcoming years. New Zealand, Australia, ASEAN, and India are forecast to amplify at a CAGR of 6%, 5.8%, and 5.7%, respectively, through 2033.
  • Based on material type, the granite segment is projected to account for a market share of 28.6% in 2023.
  • Based on the end-use category, the non-residential sector is estimated to accumulate a value share of 72.3% in 2023.

Strategies Followed by Leading Players to Get Ahead in the Market Competition

Key players in the market are enhancing their product offerings and service quality to increase their customer base. Active manufacturers are launching countertop solutions with an extensive range of styles, patterns, and product lines. Additionally, they are partnering with distributors and dealers in different localities to drive countertops sales. Players are also launching into inorganic marketing strategies like collaborations, mergers and acquisitions, and joint ventures to gain the upper hand in the market competition.

Key Companies Profiled

  • Caesarstone Ltd.
  • Illinois Tool Works Inc.
  • Pokarna Ltd.
  • E. I. duPont de Nemours and Company
  • Cosentino Group
  • Silestone
  • AKG Group
  • Vicostone
  • Cambria
  • Aro Granite Industries Ltd.
  • Asian Granito India Ltd.

Discover Detailed Findings in the Complete Report!

Countertop Market Segmentation

By Material Type:

  • Granite
  • Solid Surfaces
  • Laminates
  • Engineered Quartz
  • Marble
  • Others

By End-use Industries:

  • Residential
  • Non-residential

By Construction Activity:

  • New Construction
  • Renovation

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Except Japan
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Global Baby Food Market to Expand at 5.0% CAGR, Forecasted to Reach USD 137 Billion by 2034 | FMI

Picture background
Baby Food Market

The global baby food market size is estimated to reach US$ 84 billion in 2024. Over the forecast period, baby food sales are poised to increase at a CAGR of 5.0%. The global industry is estimated to reach about US$ 137 billion by 2034.

Parental tastes and more retail marketing are fueling the infant food market’s growing demand for nutrient-dense baby food, which is expected to surge. Increased public knowledge of clean-label production techniques, as well as government assistance in important markets such as China, India, and the United States, are driving growth in demand for organic and fortified baby food.

With a compound annual growth rate of 5.0%, the baby food market is expected to develop rapidly over the next few years, growing from $79.9 billion in 2023 to an estimated US$130.4 billion by 2033. The increasing availability of infant food forms such as paste, liquid, and powder, as well as the growing desire for nutrient-dense solutions, are driving this trend. The demand for infant food is increasing due to factors such as increased retail marketing and dietary concerns.

In a recent study by Future Industry Insights (FMI), the global baby food market is projected to witness substantial growth, reaching an estimated value of US$ 130.4 billion by 2033, with a robust compound annual growth rate (CAGR) of 5.0% between 2023 and 2033. The market is anticipated to be valued at US$ 79.9 billion in 2023.

Market Expansion and Dynamics:

  • CAGR Projection: The baby food market is forecasted to grow at a significant CAGR of 5.0% from 2023 to 2033.
  • Market Size: Anticipated to expand from US$ 79.9 billion in 2023 to an estimated US$ 130.4 billion by 2033.
  • Diverse Product Forms: The availability of various infant food forms, including paste, liquid, and powder, contributes to market growth.
  • Nutrient-Dense Solutions: Rising demand for nutrient-dense baby food solutions is a primary driver of market expansion.
  • Retail Marketing Impact: The growth of retail marketing and efforts to address dietary concerns contribute to the increasing need for baby food.

Regional Insights:

  • United Kingdom: Projected to exhibit substantial growth with a CAGR of 5.4% from 2023 to 2033.
  • North America: The USA emerges as the most lucrative market for baby food, contributing significantly to North America’s market share.

Key Points:

  • Product Type Dominance: Milk formula is expected to dominate the market, accounting for 40.3% of the total market share in 2023.
  • Category Segmentation: The conventional segment is projected to hold a substantial revenue share of 91.2% in 2023.
  • Distribution Channel Impact: Supermarkets are predicted to be the most profitable distribution channel in the baby food industry.

Factors Limiting Sales:

  • Short Shelf Life Concerns: The industry’s expansion is challenged by concerns related to the short shelf life of baby food products.
  • Regulatory Challenges: Stringent quality controls and regulatory frameworks imposed by governments and food agencies can limit market expansion.

Competitive Landscape and Innovations:

Key players in the market are focusing on innovation and eco-friendly packaging to cater to the growing demand. Companies are also developing organic baby food and formulas to gain a competitive edge. Notable recent developments include Danone’s introduction of an innovative Dairy & Plants Blend infant formula and Kraft Heinz’s venture into plant-based baby food.

The infant food industry is anticipated to be valued US$ 79.9 billion in 2023 and US$ 130.4 billion by 2033, according to Future industry Insights (FMI). From 2023 to 2033, the market is projected to expand at a 5.0% CAGR.

The market for baby food is predicted to grow as a result of parents’ growing need for nutrient-rich diet options for their newborns as well as the availability of baby food in paste, liquid, and powder forms. The growth of retail marketing and the increase in occurrences of malnutrition are projected to drive up demand for baby food.

Additionally, during the projected period, the demand for organic baby food will increase, as will the popularity of fortified baby food products, which will fuel market growth. The use of baby food and formula has also expanded, especially in China, India, and the USA, thanks to supportive government programmes. Consumers’ increased awareness of ingredient and content labels has compelled businesses to develop clean-label production techniques.

Key Takeaways:

  1. Growth Factors Driving the Baby Food Market:
  • Parental Preferences: Increasing demand for nutrient-rich baby food is fueled by parental tastes and preferences.
  • Retail Marketing: Expanding retail marketing plays a pivotal role in driving the growing demand for baby food.
  • Clean-Label Manufacturing: Rising public awareness of clean-label manufacturing techniques contributes to the surge in demand.
  • Global Backing: Government support in key regions like China, India, and the United States further propels the demand for organic and fortified baby food.

What are the Factors Limiting the Sales of Baby Food Across the Globe?

There are concerns about the baby food industry expansion being constrained by its short shelf life. Due to a lack of an effective regulatory framework, it is anticipated that the baby food industry share might face challenges during the projection period.

The market for baby food is significantly constrained by stringent quality controls and severe regulations imposed by governments and food agencies. To guarantee the highest possible level of product quality, companies must follow safety regulations. Aggressive pricing raises the cost of goods, which lowers profit margins for companies. As a result, these elements limit market expansion.

Conclusion:

As the global baby food market experiences significant growth, fueled by parental preferences, retail marketing, and an increasing awareness of clean-label manufacturing, the industry is set to witness remarkable expansion. The emphasis on organic and fortified baby food, along with strategic collaborations and innovations, is expected to shape the future landscape of the baby food market.

Exhaustive Market Report: A Complete Study

Baby Food Market by Category

By Category:

  • Organic
  • Conventional

By Type:

  • Milk Formula
  • Dried Baby Food
  • Ready to Feed Baby Food
  • Other Types

By Distribution Channel:

  • Drugstores/ Pharmacies
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Channels
  • Other Distribution Channels

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Global Food Waste Management Market Poised to Hit USD 121.8 Billion by 2033 with a 5.7% CAGR Growth

Picture background
Global Food Waste Management Market

The food waste management sector is poised for significant growth, with an estimated market value of US$ 70.0 billion in 2023, projected to reach US$ 121.8 billion by 2033, marking a robust CAGR of 5.7% over the forecast period.As food waste continues to escalate, spurred by uneaten or leftover food, the demand for effective food waste management solutions is on the rise. Increased consumer awareness regarding food wastage, coupled with government initiatives, is driving the adoption of food waste management practices. Industries such as animal feed, fertilizer, and renewable energy are driving market expansion by repurposing food waste into valuable resources.

The proliferation of biofuels and fertilizers, as well as the production of urea for agricultural purposes, presents lucrative opportunities for market growth. Moreover, the surge in kitchen waste from local food vendors, hotels, and food service centers further propels the adoption of food waste management strategies. Factors such as population growth, environmental concerns, and food spoilage due to excess quantities further contribute to the growing demand for food waste management solutions.

Additionally, the increasing availability of imported food items and surplus untasted food are bolstering the market share of food waste management. Large corporations, engaged in food processing and service industries, generate substantial quantities of food waste daily, highlighting the critical need for effective management practices.

What Measure does Government take to Reduce Food Waste?

Around the world, numerous nations are actively tackling the issue of food waste through various initiatives. Food wastage poses a significant challenge with far-reaching impacts on the environment, society, and global economies. Consequently, it has become a focal point for many countries. Despite this attention, substantial quantities of food continue to be wasted, while others face food shortages.

Governments worldwide are taking proactive measures to address this issue, launching awareness campaigns and programs aimed at reducing food wastage. For instance, the U.K. government has introduced the Love Food Hate Waste initiative, while Denmark has implemented the Stop Wasting Food program in recent years. Additionally, the United Nations has prioritized raising awareness among individuals to minimize food wastage and support initiatives like the Zero Hunger Challenge Program.

Key Takeaways:

  • The food waste management market is expected to have a valuation of US$ 121.8 billion by 2033.
  • The global market is likely to register a CAGR of 5.7% during the forecast period.
  • The United States food waste management market is anticipated to register a CAGR of 5.9% through 2033.
  • With a CAGR of 6.1%, the United Kingdom market is significantly estimated to uplift during the forecast period.
  • China’s market is projected to register a CAGR of 7.8% over the forecast period.

Who is winning?

The market is fragmented in nature. The prominent players provide services to the customers by adopting advanced technology. Moreover, they are focused on innovating products to collect and recycle food waste. The manufacturers are using various technologies such as automated garbage pickups, enzyme-based food management systems, and sensor-based waste management.

Recent Developments in the Food Waste Management Market:

Prominent vendors are making innovative technologies to reduce food waste. They are adopting several methods to enhance the quality and extend the shelf-life of food during the forecast period. For example, top manufacturing companies adopt clean-label packaging to provide excellent food safety by reducing food wastage.

Gain full access to the Food Waste Management Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

Food Waste Management Market by Category

By Service:

  • Prevention
  • Collection
  • Transfer
  • Recycling
  • Landfill

By Waste Type:

  • Food Production Waste
  • Agri Produce Waste
  • Poultry, Meat, and Seafood Waste
  • Food Processing Waste
  • Agri Produce Processing Waste
  • Poultry, Meat, and Seafood Processing Waste
  • Dairy Food Processing Waste
  • Other Food Processing Waste
  • Distribution & Supply Chain Waste
  • Retail Waste
  • Consumption Waste
  • Household Food Waste
  • Food Services, Hospitality, & Institutional Waste

By End User:

  • Animal Feed
  • Fertilizer
  • Renewable Energy & Biofuels
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Sweetener Industry Set for Growth: Forecasted to Achieve USD 16.9 Billion by 2034

Picture background

The global sweetener market is anticipated to reach a valuation of USD 10.8 billion by 2024, with a projected CAGR of 3.8%, likely expanding to USD 16.9 billion by 2034.

Natural sweeteners, the second-largest product category, have a global market share of about 22%. During the projection period, this category is expected to increase market share.

The main global sweetener competitors are expanding their financial and geographic reach. Furthermore, because there aren’t many buyers and sellers, most organisations are focusing on cost-cutting strategies.

Sweeteners’ most prevalent application is in the food and beverage industry. This category accounts for roughly 70% of current revenue. The food and beverage industry will be the most important application segment during the course of the forecast. In terms of revenue, the market will be worth over US$ 157.7 billion by 2032. Demand for food and beverages is predicted to grow at a 3.8% CAGR between 2022 and 2032.

Dairy goods and drinks are the two biggest sub-segments in the food and beverage industry. Together, these two sub-segments represent 40% of total revenue.

Sweetener Market Trends

  1. Growing disposable income is propelling the expansion of the confectionery, bakery, and dairy sectors, driving the sweetener market’s growth.
  2. Consumers’ preference for clean-labeled products like low-calorie, sugar-free, and additive-free options is boosting the sweetener market.
  3. Increased investment in research & development and supply chain analysis is expected to expand the global sweetener market.
  4. Limited availability of expensive raw materials is likely to result in higher prices for natural and organic sweeteners.
  5. Rising obesity rates among consumers are a significant growth factor for the organic and natural sweetener market.

North America Sweeteners Market

In North America and around the world, sucrose remains the most popular product category. In terms of sales, sucrose presently accounts for roughly 55% of the North American market. Sucrose demand in the North American sweetener market will continue to rise due to its use in the food and beverage industries. The food and beverage sector accounts for more than 71% of North America’s revenue, and it will remain crucial during the predicted period.

Increasing middle-class awareness in China and India is a key element driving rising demand for sweeteners in Asia Pacific excluding Japan. The APEJ sweetener industry is expected to grow steadily, creating new opportunities for manufacturers. Given the sheer volume and scale of demand in APEJ, several firms are attempting to consolidate their position in the market.

Key companies profiled in the report include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White house foods, Spectrum Organic Products, LLC, Higher Nature Limited., Vitane Pharmaceuticals, Inc., the kraft heinz company, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amfac, Inc.(American Garden), Mautner Markhof Feinkost GmbH, GNC holdings inc, Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc., Eden Nuganics, Viva Naturals, Health Connection Wholefoods.

Detailed Market Study: Browse Our Old Report

Sweetener Market: Segmentation

By Sweetener Type :

  • novel sweeteners
  • natural sweeteners
  • sugar alcohol
  • sucrose
  • artificial sweeteners

By Industry :

  • food & beverage (sweet spreads, bakery goods, beverages, dairy products, confectionery & chewing gums and others)
  • direct sales
  • pharmaceuticals
  • others.

By Region :

  • Eastern Europe
  • Japan
  • Middle-East & Africa (MEA)
  • Latin America
  • Asia-Pacific excluding Japan (APEJ)
  • Western Europe
  • North America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Organic Beef Market Expected to Grow at 6.8% CAGR, Reaching USD 22.89 Billion by 2033

Picture background
Organic Beef Market

In the symphony of sustainable and health-conscious eating, the organic beef market is poised to expand at a CAGR of 6.8% from 2023 to 2033. This crescendo of growth finds its roots in a harmonious interplay of factors propelling the demand for organic beef. Foremost among them is the escalating desire among consumers for protein-rich and wholesome sustenance. As discerning individuals increasingly prioritize their well-being, the allure of organic beef’s grass-fed, antibiotic, and hormone-free production proves irresistible.

Key Takeaways from the Organic Beef Market:

North America is the biggest area with a 35% share of the global market. This demonstrates how important the economies of the United States and Canada are to the area.

Europe accounts for a sizeable 28% of the market, with Germany emerging as the top individual contributor with a 5% share. This market distribution demonstrates the strength of the European Union’s economy.

With a 20% market share worldwide, the United States alone has tremendous power. This demonstrates the strength and significance of the American economy on a worldwide scale.

China and India dominate Asia Pacific, which holds a significant combined share of 15%. China is a significant economic powerhouse, representing 10% of the world market.

Despite being a smaller nation than China and India, Japan holds a respectable 4% of the worldwide market. Further demonstrating their economic importance, Australia and the United Kingdom contribute 2% to the global market.

“Our research underscores the rising consumer demand for organic beef due to health and sustainability concerns. Organic beef is gaining traction for its perceived health benefits and eco-friendly production methods, indicating a promising future for this market driven by conscientious consumer choices.” Says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Competition in the organic beef culinary world is intense, with a range of tempos from moderate to high. This battle is expected to persist due to various factors favoring the sector’s expansion, including a surge in demand and the enthusiastic entry of new businesses, all contributing to an increasingly competitive environment.

Organic Prairie

The leading supplier of organic meat, chicken, and pork is Organic Prairie. The business is headquartered in Minnesota and was established in 1985. The brand Organic Prairie is well-known and sells various organic beef products.

Niman Ranch

Organic meat sold under the Niman Ranch brand is well-known. The business is headquartered in California and was established in 1973. Steaks, ground beef, and burgers are just a few organic beef items from Niman Ranch.

US Wellness Meats

A well-known manufacturer of grass-fed beef. The business is headquartered in Colorado and was established in 2006. Steaks, ground beef, and hamburgers are just a few grass-fed beef products from US Wellness Meats.

Verde Farms

Verde Farms produces chicken, lamb, and beef that are all organic. The business is headquartered in California and was established in 2004. Steaks, ground beef, and hamburgers are just a few of the organic beef items available at Verde Farms.

Key Companies Profiled are

Australian Organic Meats Group Pty Ltd
River Ford Organic Farmers
Danish Crown
Blackwood Valley Beef
JBS Global
Eversfield Organic Ltd
Neat Meat Company
Swillington Organic Farm Arcadian Organic Meat Co.
Organic Prairie
Tyson Foods Inc.
Verde Farms
OBE Organic
Perdue Farms

Key Developments

Symphony of Demand and Supply: The organic beef market resonates with a harmonious blend of increasing demand and growing supply. Driven by rising awareness of organic food benefits, changing consumer preferences, and higher affluence levels, the demand for organic beef continues to soar. Simultaneously, organic farming operations’ expansion and technological advancements facilitate a steady increase in organic beef supply, striking a melodious chord of equilibrium.

Diverse Melodies of Innovation: The organic beef market boasts a rich tapestry of innovation, where new product development takes center stage. A symphony of delectable new cuts, tantalizing flavors, and convenient offerings elevates the culinary experience for consumers. Embracing change and adaptation, the market’s orchestration of novelty entices consumers with an ever-evolving ensemble of organic beef offerings.

Organic Beef Market by Category

By Product Type:

Processed Meat
Fresh Meat

By Sales Channel:

Direct Sales
Indirect Sales

About Future Market Insights (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, and has delivery centers in the UK, USA and India. FMI’s latest market research reports and market 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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website:https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Human Milk Oligosaccharide Market Projected to Achieve 6.5% CAGR Through 2034 Due to Rising Population and Enhanced Infant Nutrition

Picture background
Human Milk Oligosaccharide Market

According to Future Market Insights (FMI), the global human milk oligosaccharide (HMO) market is estimated to reach US$ 100.8 million in 2024. Over the forecast period, human milk oligosaccharide sales are poised to increase at a CAGR of 6.5%. The global market is estimated to reach US$ 161.6 million by 2034.

Escalating demand for infant formula products that emulate the nutritional composition of breast milk is driving the human milk oligosaccharide market. As awareness of breast milk’s unique benefits grows, parents and caregivers are seeking human milk oligosaccharides that closely resemble breast milk for optimal infant nutrition.

Rising birth rates, urbanization, and the growing prevalence of working mothers are the factors contributing to a greater reliance on human milk oligosaccharides as a primary source of infant nutrition. Advancements in extraction and purification technologies are making HMOs more accessible to formula manufacturers and other industries seeking to incorporate them into their products.

Leading companies are investing in research & development to innovate novel HMO structures. They are forming strategic partnerships with infant formula manufacturers and implementing efficient production processes for cost-effectiveness and scalability.

Key Takeaways from the Human Milk Oligosaccharide Market Report:

  • The global human milk oligosaccharide market is estimated to be US$ 100.8 million in 2024.
  • The global market is expected to surge at a CAGR of 6.5% by 2034.
  • Based on product type, the fucosylated segment is expected to reach a valuation of US$ 42.9 million by 2034.
  • During the forecast period, China is expected to rise at a CAGR of 5.5%.
  • Demand for human milk oligosaccharides in Japan is anticipated to rise at a steady CAGR of 4.8% by 2034.

“The human milk oligosaccharide (HMO) market is experiencing robust growth fueled by rising awareness of their health benefits and expanding applications beyond infant nutrition. As demand continues to surge, innovations in production technologies and regulatory advancements are set to be pivotal in shaping the market’s trajectory and fostering further development.” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Jennewein Biotechnologies GmbH, KYOWA HAKKO BIO CO. LTD., DSM, Nestle Health Science, DUPONT, zuChem Inc., Glycosyn LLC, Elicityl SA, and Dextra Laboratories Limited are key human milk oligosaccharides manufacturers listed in the report.

The human milk oligosaccharide (HMO) market has a diverse and dynamic competitive landscape. Leading companies focus on research & development, new formulations, and sustainable sourcing to expand their customer base. Key manufacturers also emphasize product certifications, environmentally friendly practices, and satisfying the increased demand for natural & sustainable ingredients.

For instance,

  • In 2021, BASF announced the approval of PREBILAC, its 2’-FL brand, by Australia’s Therapeutic Goods Administration (TGA).
  • In 2022, Kyowa Hakko Bio Co. Ltd, a subsidiary of Kirin Holdings Company, Limited, finalized the construction of a manufacturing facility dedicated to the production of human milk oligosaccharides (HMOs) at its Thai subsidiary, Thai Kyowa Biotechnologies Co, Ltd.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global human milk oligosaccharide market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the human milk oligosaccharide market based on product type (fucosylated [2FL, 2FL DFL, and 3FL], silylated [3SL and 6SL], and non-fucosylated neutral [LNT, LNnT, and LNFP], end-use (infant formula and dietary supplements), and regions.

Key Companies Profiled

  • Jennewein Biotechnologie GmbH
  • KYOWA HAKKO BIO CO. LTD.
  • DSM
  • Nestle Health Science
  • DUPONT
  • zuChem Inc.
  • Glycosyn LLC
  • Elicityl SA
  • Dextra Laboratories Limited
  • Carbosynth Limited

Key Coverage in the Global Human Milk Oligosaccharide Industry Research Report

  • Adjacent Study on Human Milk Oligosaccharides Benefits and Nutritional Products Human Milk Oligosaccharides
  • Detailed Market Analysis of Human Milk Oligosaccharides Supplement
  • Ongoing Innovations in Human Milk Oligosaccharides Formula
  • Growth Prospects for Baby Food Market in the United States
  • Top Players in Baby Food and Infant Formula Market
  • Human Milk Oligosaccharides and Immune System Development

Comprehensive Market Insights: Full Report Overview

Human Milk Oligosaccharide (HMO) Market Segmentation by Category

By Product Type:

  • Fucosylated
    • 2FL
    • 2FL DFL
    • 3FL
  • Silylated
    • 3SL
    • 6SL
  • Non-fucosylated Neutral
    • LNT
    • LNnT
    • LNFP

By End-use:

  • Infant Formula
  • Dietary Supplements

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Food Certification Market to Experience 10.4% CAGR Growth by 2034 as Awareness of Food Safety and Ethical Production Rises | FMI

Food Certification Market

According to the latest analysis, the global food certification market value is expected to grow from USD 11,053.9 million in 2024 to USD 28,405.7 million by 2034. It will likely exhibit strong growth during the forecast period, with overall demand rising at a CAGR of 10.4%.

Several factors are expected to drive the food certification industry forward during the assessment period. These include:

  • Food certifications play a crucial role in ensuring the safety, quality, and sustainability of food products.
  • Consumers are becoming conscious about the food they consume and are actively seeking products with certifications that validate specific attributes such as organic, non-GMO, fair trade, gluten-free, and animal welfare.
  • Certification bodies are also evolving to offer a wide range of certification programs tailored to different sectors and specific requirements. Furthermore, regulatory bodies and government agencies are implementing strict regulations and guidelines to maintain food safety standards and protect consumer interests.
  • The global food certifications market is expanding as many countries and regions adopt certification programs. Additionally, advancements in technology, such as blockchain-based certification systems, are emerging to enhance transparency and traceability in the food supply chain

The rising importance of food certifications like BRC Food, IFS FOODs, ISO 2203, FSSC FOODS, HACCP, Global GAP, and others is expected to boost the global market. Each certification serves a specific purpose to maintain product safety, quality, and integrity across different sectors.

Food certifications are essential for manufacturers, retailers, and regulatory bodies, ensuring that food products meet specific safety standards, quality, and ethical production practices. They also reduce risks associated with foodborne illness, contamination, fraud, and noncompliance with regulations.

As consumer awareness grows regarding health, sustainability, and ethical concerns, the demand for certified products is expected to increase globally. Emerging regions such as the Asia-Pacific and Latin America present key opportunities for these certifications.

Growing health-conscious consumers and middle-class populations are projected to further drive demand for safer and higher-quality food certification products. Hence, the target market is projected to thrive rapidly through 2034.

Key Takeaways from the Food Certification Market Report:

  • The global food certification market is estimated to be valued at USD 11,053.9 million in 2024.
  • The market is expected to surge at a CAGR of 10.4% by 2034.
  • In the United States, the food certification market is expected to exhibit a CAGR of 8.6% by 2034.
  • India is expected to grow at a CAGR of 8.5% during the forecast period.
  • Based on application, the dairy products segment is expected to reach USD 3,933.3 million in 2034.

“The food certification market consists of certification bodies, inspectors, and consultants who verify compliance with standards. These bodies serve both manufacturers who rely on these certifications to differentiate their products and consumers who trust them to make ethical and informed decisions. Growing consumer awareness about food safety and quality is expected to play a key role in boosting the food certification industry through 2034.” says Nandini Roy Choudhury, Client Partner at Future Market Insights

The popularity of Multi-Domestic Food Service and E-Retail Chains to Shape the Market

With the rapid shift to processed and convenient food, food certification remains of paramount importance. The emergence of e-commerce platforms and online food delivery services is estimated to propel the need for food certification worldwide.

The advent of multi-domestic food services, especially in India and China, is compelling governing bodies and agencies to monitor the safety and quality of food. The imposition of several food certification policies is helping the growth of the market.

There are several companies adopting food certification methods to meet the burgeoning demand for halal and ‘free-from’ certification food. Food producers are adopting these methods to maintain their position in the industry and to garner consumers’ trust. This particularly is going to aid the market growth in the coming years.

Demand for halal food products from the Muslim countries in the Middle East has amped up the demand for food-certification of meat products. Hence, food certifications continue to gain traction as a necessity with the globalization of the food sector.

Competitive Landscape

The competitive landscape of the food certification market is characterized by a diverse array of certification bodies, auditors, and consultants globally. Key players offer a wide range of certification services related to food safety, quality, and sustainability.

Regional and national certification companies play significant roles in specific markets, providing local expertise and support. The market is dynamic, with ongoing innovations in certification standards and increasing demand driving competition among industry players to maintain credibility and relevance in the evolving food industry.

For instance,

  • In November 2022, SCS announced the launch of the plant-based certification program. The program advances plant-based options and recognizes development in different buyer items.
  • In September 2022, Intertek Group PLC presented a vegan food certification mark to guarantee total belief in item claims.

In-Depth Market Analysis: A Complete Report

Key Companies Profiled in the Food Certification Industry

  • SGS SA
  • Bureau Veritas SA
  • Thermo Fischer Scientific Inc.
  • ALS Limited
  • AsureQuality Limited
  • UL Registrar LLC
  • Aspirata Auditing Testing And Certification (Pty) Ltd.
  • Dekra SE
  • Lloyd’s Register Group Services Limited
  • Indocert
  • Intertek Group Plc.
  • Eurofins Scientific SE

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global food certification market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the food certification industry based on certification type (BRC Food, IFS Food, ISO 22000, FSSC 22000, HACCP, Global GAP, Organic, Kosher, Halal, and others) and application (bakery & confectionary, dairy products, processed & packaged food, infant food, alcoholic & non-alcoholic beverages, functional food, meat & poultry products and seafood) across several regions.

About Future Market Insights (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, and has delivery centers in the UK, USA and India. FMI’s latest market research reports and market 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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website:https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube