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Considering the global dietary supplement consumption trend, especially in developed countries, fortified yeast sales are most likely to remain on an upward trend over the following years. While B12 deficiency would remain key growth influencer for global fortified yeast market, a new Future Market Insights (FMI) study projects more than 13% CAGR for the market during 2019 – 2029.

UN projections indicate the world’s geriatric population to be exceeding 2 billion in 2050. Research suggests that elderly people are more prone to vitamin B12 deficiency, which may lead to improper mobility due to loss of neurological functions. Fortified food containing vitamin B12 lowers the risk of deficiency. Vitamin B12 fortified yeast is being marketed as an excellent vitamin B12 supplement via tablet or capsule.

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Key Takeaways – Fortified Yeast Market Study

• Consumers are demanding products that are obtained from natural sources and have positive impact on their health. Fortified yeast contains vitamins, proteins, and fibres. It has cheesy and nutty flavours which enhance the taste of the food product it is added to.
• Fortified yeast is available in different forms which include powder, flakes, tablet, and capsules. The powder form fortified yeast holds the major share in the market followed by flakes.
• Over the course of forthcoming years, fortified yeast in capsule form is expected to show a significant growth due to increasing demand for nutritional supplements offered by fortified yeast.
• The organic fortified yeast is still at an introductory phase but is expected to grow positively as the demand for the organic products among the consumers is growing at a very rapid pace which creates opportunities for organic fortified yeast to grow in the market.
• The application of fortified yeast in the food & beverages segment contributes to more than 40% share in the overall fortified yeast market. Fortified yeast is used in snacks and daily food and is witnessing significantly rising demand. In addition to this, it finds application across various industries. For instance, the market witnesses demand from dietary supplement, personal care and other applications.
• Western Europe is anticipated to dominate the global fortified yeast in terms of value share in the current scenario. The demand for fortified yeast has especially impacted the North America market, showing a higher growth over the forecast period.

The growth of the fortified yeast market is driven by a boom in veganism. Organic food ingredients are also gaining high traction owing to their various health benefits. This supports the growth of organic fortified yeast market. Manufacturers of fortified yeast need to focus on advertising and promotions to increase the knowledge and awareness about the benefits of fortified yeast consumption, to maximize profits and emerge as a leader in the fortified yeast market.

High Availability of Sugar Cane Molasses to Bolster Market Growth

Molasses, also known as blackstrap molasses, is a by-product of the sugar refining process from sugar cane, where one hundred tonnes of sugar cane generates around 3 tonnes of cane molasses. India, Brazil, and Thailand are some of the prominent countries in the sugar industry. Molasses fermentation is one of the processes for manufacture of inactive dried yeast, which is then fortified with other nutrients.

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Gujarat (India) is a dry state, where blackstrap molasses is easily available for the manufacturing of yeast and yeast products.

Find More Valuable Insights on FMI’s Fortified Yeast Market Report

Future Market Insights, in its new offering, provides an unbiased analysis of the global fortified yeast market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the fortified yeast market based on the nature (organic and conventional) form (powder, flakes, tablet, capsules) applications (food & beverages, dietary supplements, personal care, and other applications), distribution channel (B2B and B2C) across seven major regions.

According to the report, the increase in demand for amino acids for various nutraceutical and dietary supplements, owing to the health benefits offered by amino acids, is expected to fuel the demand for amino acids during the review period. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

food amino acids market was estimated at USD 4.9 billion in 2017 and is projected to grow at a CAGR of 8.1 % from 2018, to reach a value of USD 6.6 billion by 2022. The global food amino acids market is estimated to be USD 11.6 billion in 2032

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

• The estimated value of the market was at US$ 5.4 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia-Pacific region holds the largest market share followed by North America.
• The demand for dietary supplements has been increasing at a high pace among the consumers owing to the rising health awareness and increasing geriatric population in the developed economies.
• The nutraceuticals and dietary supplements is estimated to dominate the global market.
• The infant formula segment is projected to have the highest growth rate during the forecast period followed by the convenience foods segment.

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“The demand for amino acids as functional foods, coupled with the rising acceptance of glutamic acid as a flavour enhancer in various foods and drinks, is likely to fuel market growth in the coming years,” said a lead analyst at FMI.

Consumption of Dietary Supplements Likely to Increase as Consumers Look for Healthier Food Following Coronavirus Outbreak

When it comes to dietary supplements, protein stays in the top position; and amino acids are known as the building blocks of protein production. Amino acids in the human diet have been found to have several practical benefits. Glycine, for example, has been shown to enhance the quality of sleep; and leucine, for its role in muscle protein synthesis, thereby leading to longer and healthier life expectancy in the elderly.

The rise in international sporting activities has also led to increased attention being paid to the physiological effects of amino acids (BCAAs) on muscles, which is likely to provide a future market for manufacturers of amino acid ingredients. Product demand for pharmaceutical applications is projected to increase, enabling growth in the market. In addition to greater consumer buying power their focus on health and wellness as a result of the spread of coronavirus will augur well for the market.

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Increasing demand for sweeteners is expected to boost demand for L-aspartic acid and phenylalanine from processed foods and ready-to-drink beverages. The emergence of microfiltration processes to increase yield is expected to provide lucrative opportunities for participants in the industry.

Who is Winning?

Some of the leading players operating in the food amino acids market are Kraemer Martin GmbH (Azelis), Pacific Rainbow International, Inc., CJ Corporation, Taiyo International, Monteloeder S.L., Sunrise Nutrachem Group, Kingchem LLC , Amino GmbH, Rochem International Inc., Brenntag AG, Pangaea Sciences Inc., Hugestone Enterprise Co., Ltd., Shaoxing Yamei Biotechnology Co., Ltd , Qingdao Samin Chemical Co., Ltd. , Daesang Corporation , Sigma-Aldrich, Prinova Group LLC , Evonik Industries , Ajinomoto Co., Inc., and Kyowa Hakko Kirin Group.

Via new product releases, acquisitions and investments, and agreements these businesses have improved their market position. Additionally, mergers and acquisitions continue to be a common strategy among market players. With strategic partnerships corporations plan to extend their global footprint. Methods of the biotechnology are commonly used in amino acid processing. Despite the fact that some of the amino acids cannot be produced cost effectively via biotechnology, it plays a significant role in the production of amino acids. Companies are investing in R&D activities to produce amino acid through biotechnology.

Get Valuable Insights into Food Amino Acids Market

By Type:

• Lysine
• Glutamic Acid
• Methionine
• Tryptophan
• Others

By Source:

• Plant-based
• Animal-based
• Synthetic

By Application:

• Nutraceuticals & dietary supplements
• Infant formula
• Food fortification
• Convenience food
• Others

By Distribution Channel:

• Direct
• Indirect
  • Pharmacy Stores
  • E-retailers
  • Specialty stores
  • Supermarkets

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.

According to a new study by Future Market Insights (FMI), the vegan protein bars market will surge at 12% CAGR between 2020 and 2028. Rising focus on health and wellness, soaring environmental concerns, and increasing awareness regarding animal cruelty have been fuelling the demand for vegan products worldwide. This is in turn is driving the vegan protein bars market, finds FMI.

Vegan protein bars are nutritional bars created through plant based sources like hemp, soybeans, legumes, grains, vegetables, nuts and seeds. These bars are enhanced with fibers that help in ensuring better digestion, absorption, reduction in gas and bloating and contribute towards improved motility.

Increasing awareness regarding the benefits of veganism and plant based diets is fuelling the  demand for vegan protein bars. Growing fitness trends have been creating lucrative prospects for food items with gluten free, sugar free, anti-allergic, and low carb properties.

According to the International Health, Racquet & Sportsclub Association (IHRSA), 2019 marked impressive returns for the fitness industry. An IHRSA report found that the revenue of the global industry totaled US$94 Bn in 2019.

With an increasing number of people focusing on maintaining a healthy lifestyle and adopting various fitness regimes the demand for vegan protein bars is expected to soar.

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Key Takeaways from the Vegan Protein Bars Market Report

• The vegan protein bars market is expected to reach a value of US$ 883.4 Mn in 2020 and is expected to continue growing at a positive CAGR through the forecast period
• Europe is expected to offer lucrative growth opportunities due to rising flexitarian population in the region
• Nuts based vegan protein bars sales are likely to surge due to increasing demand from people for anti-oxidants and fibers in the bars
• Inconsistent prices of raw materials and wavering supply act as major limitations to market growth

“Veganism is growing in popularity around the world and this in turn is creating lucrative prospects for the growth of the market. According to Google Trends, the online popularity of veganism has nearly doubled itself in the last five years. The trend is likely to continue, creating lucrative prospects for the vegan protein bars market,” said an analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various sectors including the vegan protein bars market. Transport restrictions have created obstacles for sourcing raw materials. Production as well was hampered during lockdown imposed to curb the spread of the virus. Players are expected to experience a downward trend due to the lack of demand and supply.

The market is expected to bounce back gradually from 2021 onwards. Increasing caution regarding health and fitness is expected to fuel demand in the market.

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Who Is Winning?

Companies operating in the market are focusing on product launches. They are emphasizing on improving the taste, texture, and nutritional values of vegan protein bars.

For instance, in June 2020, Nestle introduced a new variety of YES! Snack bars created from nuts and peas. Recently launched Larabar vegan protein bars also have gained immense popularity globally due to their less but healthy ingredient list, according to Women’s Health magazine.

Some of the companies are focusing on mergers and acquisitions as their key strategies to gain competitive advantage.

• For instance, one of the leading names in the market – Hershey has recently acquired ONE Brands to expand its existing protein bars product portfolio.
• Earlier In 2017, the venture capital unit of General Mills invested in D’s Naturals, a manufacturer of low-sugar, vegan No Cow protein bars.

Some of the key players active in the market are PepsiCo Inc., BHU Foods, General Mills Inc., Danone, Garden of Life LLC, Clif Bar and Company, Health Warrior, Raw Rev, Simply Protein, Gomacro, PROBAR LLC, NuGo Nutrition and ALOHA.

Valuable Insights into The Vegan Protein Bars Market Report

In its latest report, Future Market Insights (FMI) has presented a detailed analysis on the vegan protein bars market along with an assessment for the years 2020-2028. In order to provide a comprehensive analysis, the market has been divided into several segments. Based on the nature, the market is divided into organic and conventional. The conventional segment displays major shares in the market. On the basis of ingredients, the market is segregated into soy, pea, nuts and others.

The market is segmented based on the distribution channel into hypermarkets/supermarkets, convenience stores, drug stores & pharmacies, health & wellness stores, online retailing and other retailers. On the basis of geography, the market is segregated into North America, Latin America, Europe, Japan, APEJ and Middle East & Africa.

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.

Global plant-based hot dog sales grew by over 20% in 2020, signaling that years of steadily building consumer awareness is shifting market dynamics in a segment traditionally dominated by meat-lovers. The newfound commercial success has led to a scramble, with conglomerates, as well as niche manufacturers vying for a pie of the market. In its expansive new study, Future Market Insights’ offers a holistic, yet detailed analysis on how growth will unfold through 2030.

The study opines that novel technological developments are being considered to streamline plant-based hot dog production processes. Immense opportunities abound in precision fermentation techniques for the extraction of plant-based proteins. For instance, Impossible Foods is already producing its signature ‘lehemoglobin’ formulation using this technology.

Key Takeaways Global plant-based hot dog market to surpass US$ 500 million by 2021-end Europe set to capture over 50% revenue share until 2022, South Asia to be fastest growing market Soy-based protein formulations to remain most preferred throughout the assessment period Plant-based beef to retain lucrativeness, pork garnering significant momentum Online sales to witness a prolific upsurge, attributed to shutdowns imposed by COVID-19 pandemic

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“Increasing government support to promote vegan products consumption has attracted manufacturers to lucrative markets, thus broadening scope of the market,” concludes the FMI analyst.

COVID-19 Impact Insights

While sales were already on an upward trajectory, the market for vegan products has catapulted even more since the pandemic’s onset, thus enhancing prospects for plant-based hot dogs in the coming future. Currently, at least 1 out of 50 retail packaged meat sales are plant-based.

As consumers look towards options to boost their immunity, consumption of plant-based diets have witnessed a substantial surge. Markets across the U.S, India and China are especially experiencing this increase as they are amongst the most affected countries by the novel coronavirus.

Besides the voluntary shift towards plant-based alternatives, market players are also looking to strengthen existing supply chains so as to offset any possible price shocks which may occur amid fears of a second wave of infections.

Competitive Landscape

Prominent players in the global plant-based hot dog market include Quorn Foods, Morningstar Farms, Daring Foods, Yves Veggie Cuisine, Gardein, Ingredion Inc., Glanbia Plc., Beyond Meat Inc., Nestle SA, Archer Daniels Midland Company, Cargill Incorporated, and Roquette Frères S.A., among others.

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The aforementioned players rely largely on new product launches and strategic collaborations with prominent players, owing to the highly competitive nature of the market. In addition, these players are actively aiding government bodies in promoting vegan products and designing policies promoting the same.

More Insights on FMI’s Plant-based Hot Dog Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global Plant-based hot dog market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the Plant-based hot dog market on the basis of product type (Plant-based chicken, Plant-based beef, and Plant-based pork), source (soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based protein, flax-based protein, chia-based protein, and corn-based protein) and distribution channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Stores, Online Retail, and HoReCA) across seven prominent regions.

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.

A new report published recently by Future Market Insights has projected the global sugar alcohol market to witness sustained opportunities in the bakery segment. Demand for convenience foods and beverages is expected to positively affect growth, in spite of the ongoing threat from the coronavirus pandemic.

With the growth in urban population, and easy availability of processed foods and beverages, the need for sugar alcohol products has been growing steadily. Ranging from food & beverage applications such as bakery and dairy, and robust supply chains sugar alcohol is being used extensively to also improve on product shelf life.

On the other hand, growing consumer health awareness has resulted in a transition from conventional offerings towards low-calorie, healthy alternatives in the industry, which is having a positive influence on adoption, even in niche pharmaceutical applications.

Key Takeaways

• Xylitol sugar alcohol products to find greater adoption rates, owing to confectionary consumption.
• Erythritol variants to gain ground as sweetening agents, attributed to low-calorie characteristics.
• Bakery product applications as preservatives are expected to gain application with higher consumption of ready-to-eat foods.
• Beverage production to register increased use of sugar alcohols in the period 2020 to 2030.
• Asia-Pacific, led by China is reflecting faster than average growth, Europe likely to retain lead in the market.

“While food and beverage manufacturers continue to use artificial sweeteners, consumers continue to seek healthy alternatives, which in turn has bolstered the demand for polyols, which provides consumers sweet flavorings in addition to nutritive benefits, which will drive demand in the industry for the foreseeable future,” says an FMI analyst

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Covid-19 Impact Insights

As the coronavirus pandemic continues to hold the global economy in its grip, the potential for recession is high. With food and beverage production being hit by lockdown, especially in the processed foods sector, the sugar alcohol market is expected to be moderately impacted during this period.

The use of sugar alcohols in the production of hygiene products such as hand sanitizers will drive demand during the crisis period, which can be attributed to the largely number of patients, and high-levels of contagiousness of the virus. Applications in the pharma sector are also likely to witness an uptick.

On the other hand, the use of sugar alcohol in the food and beverage sector is likely to fall during the pandemic owing to increased spending on essentials and ready-to-eat foods, while the demand for confectionary and baked goods has slumped.

Competitive Landscape

The global sugar alcohol market is largely fragmented with the presence of many international and regional manufacturers, which has created a competitive market landscape. Some of the leading players in the sector are Cargill Inc., DuPont, Archer Daniels Midland Company, Ingredion Inc., BENEO GmbH, Mitsubishi Shoji Foodtech Co. Ltd., Roquette Freres, A & Z Food Additives, and Beckmann Kenko GmbH, among others.

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Market players have largely been emphasizing on the growth of product portfolios with research into healthy offerings, which are in compliance with local regulations, in an effort to keep up with a highly competitive environment. In addition, production capacity expansion is proving to be a positive influence in bolstering market presence.

For instance, DuPont has announced the approval of the European Commission for the applications of the company’s powdered lactitol supplement. Ingredion Inc. has announced the launch of Erysta – a sugar substitute derived from erythritol polyol. Also, Talenti has released a new gelato range which uses a zero-calorie form of sugar alcohol as a sweetening agent.

More Valuable Insights on the Sugar Alcohol Market

Product Type

• Sorbitol
• Xylitol
• Maltitol
• Lactitol
• Erythritol
• Isomalt
• Mannitol
• Others

End User

• Food & Beverages
• Pharmaceuticals
• Others

Application

• Bakery Goods
• Sweet Spreads
• Confectionery & Chewing Gum
• Beverages
• Dairy Products
• Others

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico, & Rest of Latin America)
• Europe (Germany, Italy, France, Spain, U.K., BENELUX, Nordic, Russia, Poland, & Rest of Europe)
• South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
• East Asia (China, Japan, & South Korea)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC, Southern Africa, and Rest of MEA)

Plant-based burger market is witnessing a spike in demand, which is expected to continue post pandemic according to a recent report published by Future Market Insights (FMI). Although the pandemic has hit production and supply chains across the world, the global plant-based burgers market has managed to attract demand from consumers says FMI.

The global plant-based burgers market is poised to witness extraordinary growth with CAGR of above 22% for the forecast period 2020-2030, according to FMI. Though plant based burgers were originally developed with vegan and vegetarian consumers in mind, many others are also joining in the ongoing trend. The concepts like ‘flexitarians’ and similar others are gaining traction owing to concerns for health as well as eco system.

Furthermore, animal borne diseases such as COVID-19, SARS, bird flu and many others are pushing more people towards plant based food products. The magnitude and intensity of novel Corona virus is making consumers opt for healthier food substitutes with high nutritional value.

Plant based burgers are made as replacement of regular animal meat burger, using plant ingredients and natural sources without compromising the benefits, but attempting to reduce the drawbacks. These greener and healthier alternatives to the existing food choices are gaining momentum in the market post the onset of COVID-19 suggests report.

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Some of the key takeaways from the report are as follows:

• Europe to continue as the largest market in terms of market size throughout the forecast period
• Plant based beef is identified as the most lucrative product in the segment
• Brands in the food and beverages industry looking to partnering with plant based food companies to expand reach
• HoReCa (food service sector) to emerge as the largest distribution channel throughout forecast period
• East Asia and Latin America to achieve highest growth by the end of forecast period 2020-2030

“As the demand for plant-based burger continues to grow, market players are aiming at innovating packaging and storage solutions to ensure nutrients in their products remain intact for a longer period. They are even forging partnerships with several leading names in food chains to ensure they have a widespread footprint” says analyst at FMI.

COVID-19 Impact on Plant Based Burgers Market

COVID-19 pandemic has impacted life and business since its advent. The lockdowns imposed by the governments to reduce the impact of the pandemic has brought businesses across the world to halt. Many businesses incurred heavy losses owing to the shutdowns in the production. However, plant based food was one particular industry which saw a spike in growth amidst all the uncertainty caused by the pandemic.

This growth could be attributed to the fear in people’s minds because of the animal borne disease such as COVID-19. As the impact of the disease grew stronger, the growth in the sales of healthy and nutritious plant based meat substitutes saw exponential increase. Lockdown imposed in March 2020 saw one of the biggest spikes in sales of plant based meat substitutes in regions including Europe, North America, Latin America and others.

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Who is Winning?

Companies are looking at mergers and acquisitions as the key strategy to gain advantage over the competitors in the market.

Many popular brands in the food and beverages industry are partnering with plant based food companies to reach out to the vegan, vegetarian and flexitarian community.

For instance, fast food giants such as burger King, McDonalds and many other popular restaurant chains are partnering with popular plant based burger brands such as impossible burgers, beyond meat and so on to cater to the wider group of consumers.

Many other food joints are following suit and bringing plant based meat substitutes to their menus. Rising popularity of plant based foods is forcing known brands and new players in the food industry to invest big in the market.

For instance, Burger King partnered with ‘Impossible foods’, a popular brand of plant based products to offer plant based burgers to its customers. Introducing these plant based options has helped Burger King in gaining advantage over rival and popular brand McDonalds. It also increased its customer base as vegan and vegetarian consumers were added because of the new additions in the offerings.

Valuable Insights on Plant-Based Burger Market

Product Type

• Plant based Chicken
• Plant based Beef
• Plant based Pork
• Plant based Fish/Fishless Fish

Source

• Soy-based Protein
• Wheat-based Protein
• Pea-based Protein
• Canola-based Protein
• Fava Bean-based Protein
• Potato-based Protein
• Rice-based Protein
• Lentil-based Protein
• Flax-based Protein
• Chia-based Protein
• Corn-based Protein

Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Food Stores

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• MEA
• Oceania

ESOMAR-certified Future Market Insights (FMI) infers that the global beverage stabilizers market is expected to reach impressive heights, given the high incidence of health boosting and non-alcoholic beverage consumption, according to a recently published report.

According to W.H.O., over 3 million fatalities (~6%) in 2012 were attributed to excessive alcohol consumption. Thus, governments worldwide have promoted various awareness campaigns to reduce alcohol intake. As a result, sales of non-alcoholic functional and non-functional beverages has soared.

Since COVID-19’s outbreak, there is a general tilt towards consuming health-boosting beverages, which has opened up new revenue generation frontiers for beverage stabilizer manufacturers. A study revealed that nearly 6 out of 10 consumers intended to reduce unhealthy beverage intake and switch to a healthier lifestyle to avoid complications.

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Key Takeaways

• Global beverage stabilizers to expand at a positive CAGR through 2030
• Xanthan gum derived stabilizers to retain lucrativeness, gum Arabic gaining significant ground
• India & China to emerge as promising growth hotspots, owing to rapid urbanization and surging income levels
• Soft drinks to remain primary application area across the forecast period

“Manufacturers are looking to invest in emerging economies across the Asia-Pacific region, primarily due to increasing beverage consumption in the wake of rising per capita incomes and standard of living,” remarks the FMI analyst.

COVID-19 Impact Analysis

As the COVID-19 pandemic intensifies, prominent food & beverage manufacturers are augmenting production capabilities to offset further recessionary impacts anticipated during the second wave of infections. This is likely to sustain demand for beverage stabilizers.

Online food & beverage delivery chains have greatly assisted in retaining the demand for beverage stabilizers across commercial and residential sectors. For instance, in the U.S., nearly 3 out of 5 e-commerce sales account for food & beverage products. Consequently, the regional demand for beverage stabilizers is likely to prevail.

However, the return to a pre-COVID-19 status quo is highly unlikely, given the considerable time required by the economy to revert to complete normalcy. Hence, a certain degree of sluggishness is also on the cards.

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Competitive Landscape

The global beverage stabilizers market is interspersed with prominent manufacturers such as Archer Daniels Midland Company, DuPont, CP Kelco, Ashland Global Holdings Inc., Ingredion Inc., Nexira, Kerry Group, Glambia Nutritionals and DSM to name a few.

Their primary expansion strategies involve collaborations, acquisitions, expansion of business and product portfolios and new product releases. Lucrative opportunities are in store across the developing world, owing to rising food consumption in the wake of a rapidly growing population.

In October 2020, Archer Daniels invested a significant portion of its revenue in constructing a new state-of-the-art facility in Valencia, Spain. This expansion has been undertaken with the objective of broadening its probiotic foods business segment. This new facility represents a five-fold increase in the company’s production capacity.

In June 2020, Cargill Foods Inc., forayed into the chocolate market in India, with production scheduled to begin from mid-2021 and will initially produce 10,000 tons of chocolate compounds. Growing demand due to enhanced living standards has motivated the food giant to foray into the South Asian market.

The plant-based meatballs market is witnessing impressive growth due to the rising demand for alternate meat. As people are getting more inclined towards vegetarian or flexitarian diet, the demand for plant-based meatballs products is sky-rocketing across the globel.

According to Future Market Insights (FMI), the global plant-based meatballs market is expected to rise at 23% CAGR during the forecast period from the year 2020 to 2030.

As an increasing number of people are moving away from meat to plant-based alternatives to live a cleaner and healthier life, plant-based meatballs market is experiencing surge in demand across the globe. Furthermore, the health-risks associated with various kind of meats such as red meat, and others are encouraging more consumers opting for plant-based meatballs products.

With the growing concern regarding animal life and welfare, more people are choosing to become vegan resulting in further increase in plant-based meatballs products Despite facing decline in market growth due to COVID-19 pandemic, the global plant-based meatballs market is expected to recover its growth rate by the beginning of 2021 creating ample of opportunities for the market players.

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FMI offers an exhaustive overview of the global market, along with its various growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

Plant-based chicken is expected to lead the global market among all other plant-based meatball products throughout the forecast period Soya-based protein sources are expected to gain traction all over the world in the coming years Food service sectors are anticipated to remain as the most efficient distribution channels Europe is expected to lead the global market in the coming years followed by North America Increasing concern for healthy, vegan lifestyle among the consumers is expected to boost the market growth in the near future

“Rising demand for plant-based meat alternatives has been aiding overall growth of the market. With some of the leading brands introducing plant-based meat balls in their menu to cater to health-conscious consumers, the market is expected to witness a flurry of launches in the coming years” says an FMI analyst.

COVID-19 Impact Analysis

The recent outbreak of novel coronavirus has affected the market growth due to several factors such as non-operational manufacturing units during the lock down period, unavailability of sufficient manpower, scarcity of raw materials, financial crisis, job recession, and others.

In the other hand, COVID-19 pandemic has made people more concerned about their health resulting in higher demand for the plant-based protein supply.

Despite facing a few constraints due to the pandemic, the global plant-based meatballs market is expected to grow further in the coming years.

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Who is Winning

In order to capitalize on opportunities prevalent in the global plant-based meatballs market, the key market players such as Beyond Meat, Kellogg’s, Sysco Foodie, Hydrosol, Gardein, Ikea, Zhenmeat, and others are focusing on launching wide varieties of products launching to target broad range of customers.

Beyond Meat has released their extensive range of plant-based meatball products such as pre-formed and ready-to-cook BEYOND MEATBALLS™, BEYOND BREAKFAST SAUSAGE®, COOKOUT CLASSIC™, BEYOND BURGER®, and others.

Sysco Foodie has launched their Sysco Cutting Edge Solutions Products in February 2020, in order to provide several categories of plant-based meat balls products such as Tyson Boneless Thigh Wings, Sysco Classic Fully Cooked Chicken Skewers, Sysco Classic Sous Vide Sirloin Steak, and others. Zhenmeat has launched their diverse range of plant-based meatballs products such as beef patty, steak, pork loin, crayfish and dumplings, and others.

Recently Subway has announced their exciting partnership like exclusive Halo Top Creamery® hand-spun milkshakes and fresh-baked King’s Hawaiian® bread.

As the global plant-based meatballs market is expanding steadily, the competition is expected to become tougher in the near future.

More Valuable Insights on Plant-Based Meatballs Market

In the latest report by Future Market Insights, we offer a thorough unbiased analysis of the global plant-based meatballs market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (plant based chicken, plant based beef, plant based pork), source (soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based protein, flax-based protein, chia-based protein, corn-based protein), distribution channel (hypermarkets/supermarkets, convenience stores, specialty food stores, online retail, HoReCA), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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.

Future Market Insights (FMI) in a new study has predicted the consumption of plant based nuggets to surge in the forthcoming years. Rising focus on health and wellness among consumers is underpinning growth in the market. Market players are looking to capitalizing on this opportunity by mimicking the taste and nutritional profile of meat-based products.

However, production cost of plant-based nuggets is comparatively higher, which results in their high price. This could hamper the overall expansion of the market to an extent. Nonetheless, launch of their products in diverse textures and nuggets has been paving way for growth. Especially with focus on animal cruelty surging, FMI foresees positive growth on cards for the market.

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Key Takeaways from the Plant Based Nuggets Market Report The plant based nuggets industry is projected to grow at a CAGR of 26% during the forecast period of 2020-2030 Plant based chicken nuggets will remain under spotlight as best-selling product The EU Commission’s support for plant based meat products will help Europe continue to dominate the market Sales via HoReCa will continue to surge through the forecast period Surging adoption of vegetarian and flexitarian diet will open growth prospects for the market in South Asia

“Behemoths in the food chain business are taking cue from changing consumer preference and altering their menus accordingly. Plant-based nuggets are making increasing appearances across menus of some of the leading names in HoReCa business. This is expected to bode well for the market in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has had a huge effect on people’s lifestyle, reshaping their food preferences. Increasing awareness about the body and immune system has encouraged people to shift to a healthy diet. Rising caution regarding animal borne diseases has compelled consumers to adopt vegan lifestyles. This had caused manufacturers to include plant based meat products in their menus and stores.

The pandemic disrupted market sales but is expected to bounce back with the reopening of several hotel chains. The inclusion of plant based products is expected to attract customers looking for healthier options, ensuring a growth in market.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-12763

Who is Winning?

Leading manufacturers are now partnering with companies to introduce plant based meat products in their outlets. Giant manufacturers like Burger King have partnered with plant based meat manufacturers such as Vegetarian Butcher, to include plant based chicken nuggets in their menu.

In 2020, KFC teamed up with Beyond Meat to introduce plant based chicken nuggets in almost 100 stores in the United States. The success of plant based meat products has encouraged companies to invest in the market.

Manufacturers are focusing to develop ingredients that have zero gluten and are allergen free to create products that can be consumed by all. The leading players in the market are Burger King, KFC, McDonald’s Corporation, Alpha Foods, Urban Platter, Nestlé S.A., Heura Foods, The Vegetarian Butcher and Tyson Foods Inc. among others.

Valuable Insights into the Plant-Based Nuggets Market

Future Market Insights in a recent report has conducted a complete industry analysis of the years 2013-2019 with assessments for the forecast period of 2020-2030. The market is divided into various segments in order to give a detailed analysis.

Based on the product type, the market is divided into plant-based chicken, plant-based beef and plant-based pork. On the basis of the source, the market is segmented into soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based  protein, flax-based protein, chia-based protein and corn-based protein. The market is also segregated based on the distribution channel into retail (hypermarkets/supermarkets, convenience stores or specialty food stores), online retail and HoReCa (Food Service Sector). Lastly, the market is divided based on the region into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

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.