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Consumption patterns of consumers have changed drastically as they continue exhibiting high demand for consumer goods with cleaner ingredient list. The trend has moved beyond the food and beverages sector to encompass other industries such as skincare and pharmaceutical. As per a new study by Future Market Insights (FMI), the changing behavior pattern of consumers will remain a chief driver of the grape skin extract market. According to the report, the grape skin extract market is poised to reach a valuation of US$ 128.1 Mn by end of 2021.

Grapeskin extracthas various health benefits. It helps in prevention of health concerns such as digestion disorders, gut issues, bloating, and obesity problems.Dermatologist also claim about various benefits ofgrape skin extractto give a clear and moisturized skin. Grape skin extract contains the highest amount of polyphenols which are known as antioxidants which help the body to fight free radicals and thus protecting skin against breakouts.

As the demand for chemical free cosmetics and skin care products is rising, the use of fruits in skin care regime is increasing. Grape skin extract has certain components that helps in skin renewal by repairing the tissue that is the out layer of the skin. Therefore increasing application in skincare, food, and pharmaceutical products will continue enabling growth in the market. The food and beverage processing segment is expected to remain a key end user, accounting for over half of grape skin extract produced between 2021 and 2031.

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Key Takeaways from the Grape SkinMarket Study

• Despite supply chain disruptions caused amid pandemic, the grape skin extract market will register above 5% y-o-y growth in 2021
• Increasing focus on health and wellness will drive sales in the U.S., enabling it to account for over 88% of the North America market in 2021
• The U.K. will emerge as an important market within Europe, exhibiting above 3% y-o-y growth in 2021
• France will remain a lucrative market for grape skin extract, driven by increasing production of wine
• Despite China’s dominance in the East Asia market, the demand from Japan will increase at a higher rate over the forecast period

“Companies operating in the market are capitalizing on changing behaviour pattern of consumers. As a result of increasing demand for products containing natural ingredients, the focus on product launches will remain high,” said a lead analyst at FMI

Diverse Health Benefits of Grape Skin Extracts Driving Sales

Grape skin extract’s powder is highly in demand due to its positive results on health. Grape skin extracts powder extract is exceptionally popular because of its positive outcomes on wellbeing. Grape skin extracts powder is a rich source of monomeric polyphenols and polymeric polyphenols. Grape skin extractsare the fundamental crude material of anthocyanin.

The most bountiful anthocyaninsare extricated from red grapes build up from red wine refineries. Grape skin extracts polyphenols principally include OPCs and anthocyanin, which possess over 95% of the all-out polyphenols. Grape skin extracts polyphenols are isolated into hued polyphenols and lacklustre polyphenols. Their shade is a characteristic anthocyanin shade, with brilliant tone, high security, and great water dissolvability, non-poisonous and supplement rich, and can be utilized as a food and beautifiers colorant.

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Who is winning?

A few of the leading players operating in the Grape skin extract market are Keller Juices S.R.L, GRAP’SUD, Plamed Green Science Group, Nans Product, NFC Industry Co., Limited, Nutra Food Ingredients, Alvinesa Natural Ingredients, AlpspureLifesciences Private Limited, Natacgroup, PanteleyToshev Ltd, Vital herbs, Tangshan Eusa Colors Int’l Group(EUSA COLORS), Presque Isle Wine Cellars, Parchem Trading Ltd.

Companies operating in the market are primarily focusing on product launches. For instance:

• In 2020, Nutra Products Inc.,Frutarom BU Health, and BENEO launched new products and ingredients that featured vitamin C, protein, super berries, and other nutrients derived from grape skin extracts.
• PanteleyToshev Ltd, a leading manufacturer in organic beverages, is a worldwide producer and exporter of grape skin extract. With the help of specialized technology they offer anthocyanin derived from grape skin extract, which are great for coloring alcoholic drinks, soft drinks, energy drinks. They have developed Orange- Yellowish shades which can be used in ice creams, desserts, bakery items.
• A brand named Merlot Skin Care, which is a famous for innovating skin products from grape seed and skin, announced the launch of body lotion which is used for long lasting hydration and gently protect skin with powerful natural antioxidants found in red grape seeds.

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Grape Skin Extract Market by category:

By Nature

• Organic
• Conventional

By Product Type

• Red Grapes
• White Grapes

By End Use Application

• B2B
  • Cosmetics and Personal Care
    • Creams
    • Lotions
    • Masks
    • Shampoos

• Food & Beverage Processing
  • Bakery Products
  • Confectionery & Snacks
  • Gums
  • Meat Products
  • Beverages
  • Others (processed food, etc.)

• Pharmaceuticals
• Dietary Supplements
  • Capsule
  • Chewable
  • Liquid extract (tincture)
  • Powder

• B2C
  • Modern trade
  • Specialty Stores
  • Wholesale Stores
  • Health & Pharmacy stores
  • Online Retailing
  • Other Retail Formats

By Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Australia
• Middle East and Africa (MEA)

Change in consumers’ preference and increasing focus on health and wellness will favor sales of Cavendish banana. Nowadays consumers are engaged in a sedentary lifestyle and have little time to cook healthy food at home. As snacking and consuming comfort food have emerged as a more viable option, they are likely to look for a healthier alternatives. Future Market Insights (FMI) identifies this to be a key factor supporting growth of the Cavendish banana market in a new study.

According to the report, the Cavendish banana market is poised to surpass US$ 16.52 Bn by 2021. Consumers’ interest to stay fit they is making them adopt healthy eating habits is driving the market. Moreover, Cavendish banana are highly portable, easy to consume as well as available, making it a popular on-the-go snack.

Also, banana is a part of many ethnic cuisines in African, Latino, Pacific Island, and Asian countries, and Cuba, Puerto Rico, and other Caribbean islands. The large variety of ethnic foods derived from bananas, along with the increasing interest among global consumers in diverse, exotic cuisines, bode well for the Cavendish banana market.

Furthermore, with the rising sedentary lifestyle, there has been strong demand for highly nutritious products to fulfill dietary requirements. Coupled with the introduction of these nutritious foods as a superfood, manufacturers are developing novel products with innovative superfoods such as turmeric, banana, kiwi, and many more to provide exotic flavor as well as superior nutritious value.

Within the Cavendish banana market, conventional Cavendish banana will continue accounting for maximum sales in the market. According to the report, it will hold the dominant share of 92% in the market in 2021 in terms of value.

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Key Takeaways from the Cavendish banana Market Study

• The global Cavendish banana market will register a CAGR of 4.2% in terms of value between 2021 and 2031. The Cavendish banana is consumed on a large scale due to its multifunctional benefits, a trend which is expected to continue through the forecast period
• Rising demand for healthy on-the-go snacks will enable the U.S. account for over 87% of sales in North America in 2021
• High spending power of consumers will enable the U.K. market to register over 6% y-o-y growth in 2021
• Germany and France are expected to register increasing Cavendish banana within Europe
• Expansion of hotel, restaurant, and café (HoReCa) sector will support growth in China, followed by South Korea and Japan

“While farmers conventionally chose fertilizers and pesticides to improve yield, they are gradually shifting towards more sustainable practices. Reduced fertility and health concerns posed by these conventional methods have pushed farmers to explore more environmental-friendly methods. Also the consumer interest has tipped scales in favor of products with non-GMO certification, which will have a significant influence on farming practices undertaken to grow and cultivate Cavendish banana,” said a lead analyst at FMI.

The health benefits offered by the Cavendish banana is fueling the market demand. According to the World Health Organization (WHO), diarrhea is the second-largest cause of death in children under five years old. Each year, 525,000 children die from this disease. Malnutrition is the major cause of diarrhea.

Doctors and patients are more inclined towards the consumption of bananas in place of anti-diarrhea medications owing to the higher effectiveness of bananas even in cases of C. diff infection. The administration of bananas in diets has been helping patients to control diarrhea. Owing to this benefit, many pharmaceutical companies have come up with banana-related products to treat diarrhea. Hence, this health beneficial factor helps drive the demand for bananas from the pharmaceutical industry.

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Who is Winning?

To reduce the environmental impact and costs, players in the global Cavendish banana market are striving to reduce the usage of water. Throughout the supply chain of bananas, water has application in three main stages, i.e. cleaning of the fruit after harvest, pools holding bananas for selection, and lastly for removing latex.

It was noted that around 150 liters of water is needed to produce one box of bananas. Key players in the market like Dole’s New Millennium Packing Plant in Costa Rica have reduced the water consumption to 18 liters per box with the inclusion of water recycling techniques. Emerging players are expected to follow these trends in order to make their supply chain more environment-friendly and efficient.

A few of the leading players operating in the Cavendish banana market are: All Nippon Airways Trading Co Ltd., Exporganic S.A., DISCOVERY ORGANICS, Salix Fruits, Agroexport Carmita, Union de Bananeros de Uraba, GinaFruit S.A., Chiquita Brands International Sàrl, Dole Food Company, Fresh Del Monte Produce Incorporated, Pisum Food Services Private Limited, Reybanpac, Rey Banano del Pacífico C.A., and other players.

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Cavendish banana Market by Category

By Product Type

• Organic Cavendish Banana
• Conventional Cavendish Banana
• Organic Fairtrade Cavendish Banana
• Conventional Fairtrade Cavendish Banana

By Application

• Food and Beverage Processing
• Cosmetic and Personal Care
• Pharmaceutical & Supplements
• Animal Feed
• Other Industrial
• Foodservice (HoReCa)
• Household (Retail)

By Sales Channel

• Direct sales
• Indirect Sales
  • Modern Trade
  • Convenience Store
  • Departmental Store
  • Online Retailers
  • Traditional Grocery Store
  • Other sales Channel

By Region

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

Yeast-based spreads sales are surging in response to the rising demand for vegan, vegetarian, gluten-free, dairy-free, halal, natural, kosher, and fat-free food items. According to a new study by Future Market Insights (FMI), an increasing number of market players are expected to focus on fulfilling the aforementioned claims to gain impetus amid rising competition. Driven by these factors, the yeast-based spreads market is expected to reach US$ 398.8 Mn in 2021.

Among various products available in the market, the demand for marmite is forecast to increase considerably. Marmite is expected to account for over 30% sales in terms of volume in the market in 2021. Rising focus on health and wellness will create opportunities for sales of various types of yeast-based spreads. Among claims producers offer, gluten-free will be highly sought-after.

The rising prevalence of gluten intolerance and the increasing demand for dairy free products will continue enabling sales in the market.

Key Takeaways from Yeast-based Spreads Report

• Yeast-based spreads market is expected to rise at above 8% CAGR between 2021 and 2031
• Rising prevalence of obesity and diabetes will push demand in the U.S., enabling it account for more than 75% of sales in North America
• The rising demand for dairy-free bakery will enable the U.K. market to exhibit 4.6% Y-o-Y growth in 2021
• Expansion of the vegan food sector will support growth in France and Germany
• Expansion of retail sector will create growth opportunities in Japan and South Korea

“Rising demand for healthy snacking options will enable sales of yeast-based spreads. This trend will continue especially as consumers seek healthier food options with claims such as organic, non-GMO, gluten-free, and others,” said a lead analyst at FMI.

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Health Benefits of the Yeast-Based Spreads Favours the Market Positively

Yeast-based spreads are considered to be healthy as they have a high content of B-Vitamins. B-Vitamins help in the normal functioning of the brain and nervous systems. And yeast-based spreads products such as Marmite have a high amount of B-Vitamins. They also contain niacin, riboflavin and thiamine, as well as magnesium, calcium, potassium, iron and selenium, all of which are considered to be healthy essentials for a human body. Yeast-based spreads being a healthy alternative favours the yeast-based spreads market positively which increases the growth of the market.

Veganism Boosting the Yeast-Based Spreads Market

Yeast-based spreads are vegan products. The Vegetarian Society has certified products such as Marmite “100% Vegetarian”. The increased numbers of consumers who have turned to veganism or partly participating in the vegan trend are also boosting the yeast-based spreads market in the foreseen period. The vegan food trends are at a fast pace due to the new technological innovations which are making non-vegans adopt or try these new vegan products such as Yeast-based spreads as they are more nutritious than the other counterparts.

Diverse Applications of Yeast-Based Spreads Driving Sales

Yeast-Based Spreads are no longer considered just to be a breakfast option had with bread. Though yeast-based spreads are becoming general as a companion product for bread during breakfast time, these are increasingly used to facilitate convenience in preparing other dishes. Spreads are widely being used at corporate lunches, and convenience snacking times, dining events, apart from the conventional breakfast. For instance, Yeast-based Spreads can be used as a bakery filling and with cold dishes for lunch or dinner, savoury spreads can be used in pizza and pasta. The versatility of yeast-based spreads is thus, expected to drive the growth of the yeast-based spreads market over the forecast period.

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Increasing Consumption of Yeast-based Spreads as a Flavor Enhancer

The shift among manufacturers from artificial ingredients to natural ones has resulted in the manufacturers finding alternatives for MSG which is manufactured synthetically and is used in numerous food products. This has led to a growing demand for yeast products as a food flavour enhancer. This is more popular in the developed countries as the consumers as well as food processing manufacturers are well aware of the products that are available in the market and the products that are in the development phase. Also, the consumption of processed food products has increased owing to the changing lifestyle of the consumers and the increase in urbanization. This has also increased the demand for yeast-based spread as a food flavour enhancer which is leading to an increase in the market growth of the yeast-based spreads market in the forecast period 2021-2031.

Expansion of HoReCas Creating Sales Opportunities

In Oceania and European countries where there is a larger market of yeast-based spreads, if there is a rise in the number of retail chains and HoReCa chains then the demand for the yeast-based spreads would be increased too which in turn will propel the yeast-based spreads market in the forecast period 2021-2031.

Who is winning?

Numerous companies in the yeast-based spreads market have brought in different strategies to stay ahead in the competition. For instance,

• In 2017, Bega Cheese, one of the key players of the yeast-based spreads market developed a new strategy to reduce its cost by stopping all the third-party contracts. This helped them to reduce the costs of the manufacturing

Some of the other companies are focusing on improving their product portfolio. For instance,

• In 2019, Mars acquired Foodspring, a company based in Berlin which deals with direct-to-consumer targeted nutrition company

Some of the leading companies in the yeast-based spreads market are Mars Foods, Unilever Plc., All Natural Foods of Stirling, Nature’s Blend, Jardox Ltd., Sanitarium Health & Wellbeing, Bramwells, AussieMite, Marmite (New Zealand), Oxo (food), VITAM, Bega Cheese, and Three Threes Condiments Pty. Ltd.

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Yeast-based Spreads Market by Category

Product Type

• Aussiemite
• Cenovis
• Marmite
• Marmite (New Zealand)
• Oxo (food)
• Promite
• Vegemite
• Vitam-R
• Others

Nature

• Organic
• Non-GMO
• Conventional

End-Use

• Food Services
  • Hotels
  • Restaurants
  • Cafes
• Business to Consumers
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom & Pop Stores
  • Discount Stores
  • Food Specialty Stores
  • Independent Small Groceries
  • Online Retail
  • Other Retail Formats

Claims

• Vegan
• Vegetarian
• Gluten-Free
• Dairy-Free
• Halal
• Natural
• Kosher
• Fat-Free
• Others

Region

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