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The global frozen ready meal market is set to witness growth at a CAGR of 8.2% and top a valuation of USD 89.7 Bn by 2032.

In recent years, ready-to-eat food has emerged as one of the most diverse divisions of the worldwide ready-meal market. A rise in convenience patterns, as well as a simultaneous increase in need for customised meal options, has resulted in strong desire for frozen packed meals. The frozen food and beverage industry is perceived as a yet another shop for consumers on the go, with everything from frozen desserts to appetisers and meals available.

Because of its microbiological and fungal-free qualities, frozen ready meals are in high demand in developed countries. Frozen packaged food manufacturers are now incorporating nutrient advantages alongside taste to appeal to a broader clientele seeking health and flavour.

Advances in technology to conserve frozen and partly prepared food, as well as substantial changes in the retail business, all promise positively for market players in the near future. The frozen ready meal industry would be worth more than USD 89.7 billion by 2032.

Frozen convenience meals sold by food supply chain companies remain a major source of income. Convenience stores are expected to extend their frozen ready meal range in the near future, while online sales will tap into previously undiscovered market opportunities.

In industrialized nations, where demand is higher than in other countries, frozen ready meals are now becoming incredibly common. The spike in the number of individuals working in rising economies such as China and India, and the trend toward longer and more unpredictable working hours, has led in a gradual shift away from the traditional model of daily cooking. Frozen ready meals are likely to grow in popularity in such countries as a result.

Convenience meals are growing in popularity in the packaged food industry due to its easy and portability. Organic convenience foods are also becoming more famous as they are certified natural things that may be used to substitute a full meal and are better than normal ready meals due to component differences.

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Key Takeaways from Market Study

• The frozen ready meal market is expected to expand at CAGRs of 5.4% and 6.2% in US and the Middle East & Africa, respectively, through 2032.
• The European frozen ready meal market is currently pegged at 25.2% share of total market.
• The frozen ready meal industry in Asia – pacific region, except Japan, is predicted to increase at a healthy 4.7 percent.
• Customer demand for healthy, nutrient-dense foods is boosting sales of frozen ready meals in various regions throughout the world.
• Frozen chicken and frozen snacks contributed for more than 60% of the worldwide frozen ready meal markets in 2022, according to product type segmentation.
• Covid-19 pandemic outbreak benefited the frozen ready meal business due to its ease.  Because many singles were limited to their homes and apartments, they had to depend on fast and ready-to-eat meals to sustain life. Due to the covid shutdown and social distancing practises, diners as well as other businesses were shuttered, increasing market demand for frozen ready meals.

“Targeting the food and beverage business would result in large earnings for frozen ready meal producers. Because of the increased consumption of healthy diet goods around the world, the health alternatives business could be a prospective market for frozen ready meals.” says a Future Market Insights analyst.

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Competitive Landscape

To improve the quality of products, major makers of frozen ready meals are concentrating heavily on research.

Campbell Soup Co: The company confirmed a complete restructuring in 2018 which will strengthen its presence in the rapidly changing foodservice sector. Campbell’s main business operations, such as its important soups, pre – cooked meal, shelf-stable beverage portfolio, and large snacks portfolio, are now grouped under this new company.

Conagra Brands: In the year 2019, Pinnacle Foods acquired the company. Pinnacle’s takeover of specialised gluten-free confectionary companies such as Udi’s and Glutino may boost Conagra Brands. With this purchase, the company will combine two catalogues with commercial growth to build a USD 12 billion corporation with leading brands in the frozen, snacks, refrigerated food, and grocery sectors.

McCain: In 2018, the business formed a relationship with Forno de Minas, a well-known cheese manufacturer. McCain bought 49 percent stake in Forno de Minas in this deal.

Product Type:

• Vegetarian Meals
• Chicken Meals
• Beef Meals
• Other Meals

End-User:

• Food Chain Services
• Modern Trade
• Departmental Stores
• Online Stores
• Other Distribution Channel

Region:

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

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the artificial sweetener market is expected to grow at a CAGR of 3% during the forecasted period 2022-2032 and is estimated to reach a market size of USD 2.8 Billion.

Due to the easy access to nearly infinite information, consumers are becoming more aware of their nutritional needs. As a result, consumers are more aware of the importance of making more healthy food and beverage choices. They are increasingly demanding more healthy, lower-calorie foods and beverages as their health concerns grow.

As people’s health conditions deteriorate, there is an increased demand for low-calorie food and beverage products to assist them in maintaining a healthy diet. Most health-conscious consumers prefer sugar substitutes because they contain fewer calories than regular sugar. Sugar substitute consumption contributes to the health benefits enjoyed by health-conscious consumers.

Sugar substitutes can help you lose weight and manage your diabetes. Because artificial sweeteners do not contain carbohydrates, they do not raise blood sugar levels. Sugar substitutes have almost no calories, whereas a teaspoon of sugar has about 16 calories. Stevia is a sugar substitute that is hundreds of times sweeter than sugar and has almost no calories.

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Key Takeaways from Market Study

• Russia contributes around 20% to the European Artificial Sweetener market. The market in the country is mainly driven by the consumption of bakery and alcoholic beverages.
• New tax regime introduced by the Government of the United Kingdom to reduce consumption of sugar-based products has increased the demand for artificial sweeteners.
• In China the artificial sweetener market is expected to grow at a CAGR of 3.5%.
• Rise in cases of diabetes in India increases the demand for artificial sweetener market and this demand is expected to grow in the forecasted year.
• Artificial sweetener market in Australia is expanding at a faster rate and it mainly includes the beverage segment.

“The use of artificial sweeteners in processed foods such as candies, powdered drink mixes, jams and jellies, dairy products, baked goods, and other similar food and beverages to preserve flavor while making them healthier will drive the market growth,” says a Future Market Insights analyst.

Competitive Landscape

The global market for artificial sweeteners is fragmented, with numerous large and small regional players. Leading market players are focusing their efforts on developing innovative products and implementing strategies such as acquisitions and mergers to strengthen their position in the global market.

• Roquette, BRAIN AG, and AnalytiCon Discovery announced in January 2021 that the R&D phase for the development of Brazzein, a protein sweetener naturally found in African berries Pentadiplandra brazzeana Baillon, had been completed successfully.
• This high-intensity sweetener has a high sweetening potency while maintaining a sugar-free functionality and pleasant taste profile. Roquette and BRAIN will now move forward with the approval and industrial scale-up of the protein sweetener in the food and beverage sector as part of their newly agreed Joint Development Agreement (JDA). A contractual agreement for its approval and production has been signed by the partners.

Some prominent artificial sweetener manufacturers are utilizing advanced technologies to provide safe, affordable, and efficient artificial sweeteners. Whole Earth Sweetener, Ach Food, Madhava Sweeteners, Cargill Inc., Beijing Vitasweet Co. Ltd., Ajinomoto Co. Inc., Tate & Lyle PLC, McNeil Nutritionals are the market’s major players.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global artificial sweetener market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Product :

• Aspartame
• Acesulfame k
• Saccharin
• Sucralose
• Neotame

By End User :

• Food and Beverages
• Pharmaceuticals
• Direct Sales
• Other End Users

By Application :

• Bakery Goods
• Sweet Spreads
• Confectionery and Chewing Gums
• Beverages
• Dairy Products
• Other Applications

Region :

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

A new research report by Future Market Insights titled “Organic Oats Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers the global market scenario of organic oats across regions such as North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The global organic oats market witnessed fast growth since 2012 but was small in valuation. The positive growth graph of the market is attributed to several aspects that are discussed below. The detailed pricing analysis and value chain assessment is also covered in this research report. The market is segmented in-depth to gain complete understanding of the global market. This research report is focussed on the applications of organic oats, various product types of organic oats and distribution channels to reach various customers. The study incudes historic data of the organic oats market along with the current market scenario. Based on trends and developments and the historic and current market data, future market evaluation has been carried out for a period of 10 years.

Global Organic Oats Market: Forecast

The global organic oats market is expected to reach a value of a little under US$ 370 Mn by the end of 2027 from a value of about US$ 198 Mn in 2017. It is projected to grow at a robust value CAGR of 6.4% throughout the period of forecast, 2017-2027.

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Global Organic Oats Market: Segmental Highlights

The global organic oats market is segmented by application, by product type, by distribution channel and by region.

• By application, breakfast cereals is the largest segment. This segment is estimated to reach a high valuation of more than US$ 180 Mn by 2027 end and is expected to grow at the fastest pace in the coming years.
• By region, Western Europe is the largest regional market. The organic oats market in Western Europe is likely to dominate the global market during the forecast period. The organic oats market in North America is projected to grow at the fastest pace to register a stellar value CAGR of 7.1% during the forecast period.
• By product type, the rolled oats segment is expected to dominate the global market in the coming years. This segment is also the fastest growing segment and is poised to reflect a CAGR of 6.7%.
• By distribution channel, the hypermarket/supermarket segment is estimated to reach a valuation of about US$ 236 Mn and is the largest distribution channel segment by value.

Global Organic Oats Market: Factors Influencing Growth

Growing demand for organic food, growing consumer confidence towards organic food, growing retail chains offering organic products, increasing market penetration of organic food, improved retail formats, increasing per capita disposable income, emergence of modern trade and online retail formats and higher preference for premium products is contributing to the growth of the global organic oats market. Aspects such as a highly competitive market, lack of marketing standardisation and fluctuating input costs are pulling down the growth of the global organic oats market.

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Global Organic Oats Market: Competitive Assessment

The research report on the global organic oats market covers competitive assessment that includes profiles of companies such as Nature’s Path, Grain Millers, Inc., The Hain Celestial Group, Inc., Quaker Oats Company, Nairn’s Oatcakes Limited, NOW Health Group, Inc., Bagrry’s India Ltd., General Mills Inc., Helsinki Mills Ltd., Unigrain Pty Ltd., Bob’s Red Mill Natural Foods, Inc., GrandyOats, Richardson International Limited, Blue Lake Milling Pty Ltd., Avena Foods Limited, Morning Foods Limited, Annex Holdings Pty Ltd., The Jordans & Ryvita Company Ltd., E. Flahavan and Sons Limited and Willow Creek Organic Grain Co. Inc.

About Food Market Division at FMI

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

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.

About Food Market Division at FMI

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

Sodium malate has been gaining ground as a potentially effective cosmetic additive and functional ingredient, within the cosmetic and personal care industry.

Newly released data from Sodium Malate Market Analysis by Future Market Insights show that the global market size of Sodium malate is expected to reach USD 715 Million by 2032. The market is growing at a CAGR of 4% during the forecasted year 2022-2032.

“The market for sodium malate is booming, in parallel with the ever-changing consumer food habits. The increasing tendency to consume more and more processed food and decreasing trend of cooking a meal at home is increasing the demand for food additives and driving the global sodium malate market growth.” says FMI report.

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According to FAOSTAT data, the food and beverages industry generated approximately US$ 12.5 trillion of revenue, which summed up to 17% of world GDP, in 2013. Sodium malate is a sodium salt of malic acid and is used extensively in the food and beverages industry. Sodium malate is used predominantly as a food additive in food products such as bakery and confectionery, desserts, flavoured and soft drinks, meat products, etc. Sodium malate in the food and beverages industry functions as a flavouring agent, acidity regulator, and buffering agent.

Sales Continue to Benefit from Staggering Growth in Processed Food Products Sales

The food and beverages industry is flourishing, owing to the increased consumption of confectioneries and similar processed food products. With the advent of industrialization and increasing population, significantly in Asian countries, the bakery and confectionery industry is rapidly expanding in the region. This is increasing the demand for food additives and thus, driving the global market of sodium malate. According to the report, the food and beverage industry is expected to remain strong over the forecast period of 2019-2027.

According to the report, the increasing demand for cosmetics and personal care products is creating positive outlook in the global sodium malate market. Cosmetics and personal care industry is expected to account for ~30% of the market share by value. Sodium malate is used as a cosmetic additive, functioning as a skin conditioning agent and humectant. Sodium malate is also being used in the formulation of anti-aging, as well as lightening and whitening agents. Moreover, sodium malate is currently being researched for use as a pH adjuster in low concentration. The cosmetic industry has expanded and evolved rapidly over the last decade and is one of the major industries with high potential, which also brings promising potential for sodium malate. The cosmetic industry is well-established in developed markets such as North America, Europe, and Oceania, and is growing in other markets such as Asia and Middle East & Africa, presenting increased opportunity for sodium malate. Especially in developing nations such as India, Brazil, China, etc. the percentage of middle-class population is increasing at a rapid rate and increase in the income of middle-class population is observed. This increased demand for cosmetics and personal care products is expected to create promising market potential in the global sodium malate market.

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Flourishing F&B Sectors to Bolster Sodium Malate Demand for Processed Foods

The research analysis by FMI reveals that the sodium malate market has promising future and increased opportunity in the developing countries. According to UN data of 2018, more than half of the world population is residing in urban areas and is projected to add 2.5 Bn by 2050, which will be approximately 68% of the total world population. Out of this additional 2.5 Bn urban population, 90% will be contributed by Asia and Africa, owing to the high growth rate of the population.

Major industry players of food and beverages, cosmetics, and pharmaceutical industries are entering these low urbanized regions, eyeing the availability of workforce and ease of business. With an increase in urbanization and industrialization, accessibility of consumer goods such as bakery, confectionery, soft drinks, cosmetics, and personal care products is improving in developing nations, ultimately increasing the consumption of these products. Sodium malate used as a food additive, has increasing opportunities in developing nations.

According to the report, use of sodium malate in the animal feed industry is likely to drive the global market insignificantly. Sodium malate is available in feed and/or fodder grade in the industry. Sodium malate is used as a feed ingredient for technological purposes and is being researched for use in new products. Sodium malate is also used as an acidity regulator and flavouring agent for feed products. The increasing population is also resulting in increasing meat consumption, and in order to increase meat production, animal feed is supplemented with various feed ingredients.

Market Segments Covered in Sodium Malate Industry Analysis

Type

• Monosodium Malate
• Disodium Malate

Application

• Food and Beverages
• Personal Care
• Cosmetics
• Animal Feed

Region

• North America
• Latin America
• Europe
• Asia Pacific Excluding Japan
• Middle East & Africa (MEA)
• Oceania
• Japan