Market Research Blog

Global glacial acetic acid market is poised for strong growth at approximately 6.5% CAGR during the projection period (2019-2029). Multifaceted applications such as vinegar, paints, pharmaceuticals, inks, and in food & beverages industry are propelling the growth of glacial acetic acid market. Food preservation segment in particular is the growth engine of the market, says a recent Future Market Insights (FMI) report.

The US$ 121 Bn global sweeteners market is projected to grow moderately at 3.2% CAGR through 2027. Consumer awareness about the potential health impact of sweeteners is driving the shift toward sugar-free products.

Sucrose remains the preferred product type, accounting for nearly 66% revenue share of the market currently. In terms of revenues, the global sucrose market is estimated to be worth US$ 26.83 Bn. However, the after-taste of sucrose alternative products is impeding demand globally.

Natural sweeteners, the second-largest product type, currently holds a market share of nearly 22% globally. This segment is anticipated to gain market share during the for forecast period.

The key trends in the global sweeteners include increasing investments by companies and geographical expansion by key players. Further, due to the limited number of buyers and sellers in the market, most companies are focusing on cost optimization.

Food and beverages sector is the largest application segment in the global sweetener market. This segment currently accounts for nearly 70% revenue share. The food and beverage sector will continue to be the largest application segment throughout the forecast period. In terms of revenues, this will represent a market valuation of over US$ 115 Bn in 2027. During the forecast period 2017-2027, demand for food and beverage segment will grow at a CAGR of 3.2%.

In the food and beverage sector, dairy products and beverages are the two largest sub-segments. These two sub-segments collectively account for a revenue share of 40%.

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North America Sweeteners Market

As is the case globally, sucrose remains the largest product type in North America as well. Sucrose currently accounts for nearly 55% revenue share of the North America sweeteners market currently. Use of sucrose in the food and beverage sector will continue to boost its demand in the North America sweetener market. In North America, the food and beverage segment accounts for over 71% revenue share of the region; this segment will continue to remain prominent during the forecast period.

APEJ Sweeteners Market

Increasing awareness among the middle class in China and India, is a key factor for the rising demand for sweeteners in Asia Pacific excluding Japan (APEJ). The APEJ sweeteners market is projected to grow at a steady rate, opening new avenues of growth for manufacturers. Considering the sheer volume and scale of demand in APEJ, many manufacturers are working on consolidating their position in this 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.

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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

Rapid consumer shift to high-health-quo food products has been identified to be the key factor affecting the performance of global food grade phosphates market over the next decade. In addition to escalating consumer preference for naturally-sourced food ingredients, increasing demand for minimal content of chemical components in processed food products will continue to curb the demand for food grade phosphates in the near future. A recently published intelligence outlook by Future Market Insights projects sluggish growth prospects for the global food grade phosphates market at an estimated CAGR of 2.1% over the 10-year forecast period, i.e. 2017-2027.

“The global revenue of food grade phosphates market is likely to surpass a value worth US$ 29.5 Bn by the end of 2027,” quotes an F&B expert research analyst at FMI.

Ascending popularity of convenient processed foods can hardly forestall the decline of food grade phosphates market

Although the recent market scenario reflects growing sales of mineral-rich, functional, and fortified food products, FMI predicts that the overall growth of food grade phosphates will remain lethargic throughout the assessment tenure. Research points at immense diversity in convenience food products such as ready-to-eat (RTE) foods and ready-to-drink (RTD) beverages that consume a sizeable volume of food grade phosphates a major ingredient. Moreover, there exists a wide spectrum of food products display across retail formats, pushing the demand for food grade phosphates further.

The food processing industry has been generating consistent demand for food grade phosphates over the years – as a conventional agent for thickening, stabilization, and texture development. FMI estimates passive growth for the global food grade phosphates market, which is likely to be supported by sustained consumption of food grade phosphates by food processors. However, wide availability and sustained tendency of both manufacturers and consumers to prefer natural ingredients will remain the major roadblock to market growth over the next decade.

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Retail shelves adopting packaged foods with healthy phosphate ingredients may slightly uplift market scenario

Manufacturers are taking efforts in R&D of food grade phosphates with specific health benefits to appeal to an expanding consumer base seeking health and wellness through food. Moreover, retail players are expected to extend their offerings to include healthy processed foods that contain phosphates with health benefits. Some of the global retail leaders including Walmart Stores, Inc., Tesco PLC, Kroger Company, and Carrefour have already geared up in the game of enhancing their food products display – selling packaged foods that contain a plethora of ingredients such as additives. This will possibly fuel the demand for food grade phosphates in the near future.

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Asia Pacific to remain high-potential regional market with relatively

Food grade phosphate manufacturers are concentrating on strategies to expand within developing economies in the Asia Pacific rim to cater to increasing demand for phosphates from agriculture, food, and feed industries. The regional analysis of global food grade phosphates market concludes that Asia Pacific (excluding Japan) will continue to represent the most attractive growth opportunities to market stakeholders. However, although APEJ is anticipated to monopolize the food grade phosphates market with more than 60% value share through 2027, the overall regional market performance will continue to remain declining. According to FMI, emerging markets in APEJ hold immense growth potential but are strongly facing the challenges to growth due to the availability of a myriad alternate ingredients over food grade phosphates.

Key participants in the global food grade phosphates market landscape are foreseen to capitalize on existing opportunities for production capacity expansion in developing regional markets, as it may help them slash overall production costs for additional competitive advantage in terms of pricing and delivery. On other side, food grade phosphates are presumed to witness a slight uptake in North America’s market in the near future. Europe will however represent a passive market for food grade phosphates, as over three-fourth of European population already prefers foods that are devoid of any artificial additives or ingredients.

 

Future Market Insights (FMI), in its recent report, estimates the global encapsulated flavours market to register 1.7% CAGR, in terms of volume, during the forecast period 2019 to 2027. Global sales of encapsulated flavours is expected to surpass 200,000 MT by 2027-end.

APEJ to Continue Exhibiting High Growth

In terms of volume, Asia Pacific excluding Japan (APEJ) is expected to remain the most lucrative market for encapsulated flavours, with sales estimated to expand at a high single-digit CAGR through 2027. North America will continue to be the second largest market for encapsulated flavours, in terms of volume.

Based on encapsulation process, spray drying is estimated to remain dominant in the global encapsulated flavours market. In terms of volume, expansion of spray drying segment is anticipated to exhibit the highest CAGR through 2027. Adoption of glass encapsulation process for encapsulated flavours will remain sluggish in the market over the forecast period.

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Chocolate Flavours to Remain the Most Preferred Encapsulated Flavour

Chocolate flavour will continue to be preferred among encapsulated flavours in the global market, followed by general fruit flavours, spice flavours, and citric flavours. In terms of volume, sales of spice flavours are estimated to register the highest CAGR through 2027, followed by exotic fruit flavours, citric flavours, and berry flavours. In contrast, sales of general fruit flavours are anticipated to register the lowest CAGR through 2027.

In terms of volume, encapsulated flavours will continue to witness largest adoption for application in beverages & instant drinks, with sales expected to register the fastest expansion through 2027. Bakery & confectionary is expected to remain the second largest application of encapsulated flavours in the global market.

Convenience Food Segment in North America to Register High Demand for Encapsulated Flavours

Demand for encapsulated flavours in convenience food will continue to rise in North America. Consumer preferences in this region is shifting towards readymade meals, savoury soups, and snacks, resulting into demand for exotic, ethnic, and spicy flavourings. Consumer are now becoming aware of the potential adverse effects of artificially produced food additives, inclining more towards natural products. Flavour encapsulation is considered to be more natural than chemically synthesized equivalents, as it retains the nutritional value of vegetable & fruit ingredients during their conversion into flavours. These factors will continue to sustain demand for encapsulated flavours in North America.

High cost of encapsulated flavours production is the major concern for manufacturers, and this factor may act as a retraining factor for growth of the market in North America. Leading manufacturers in the region are focusing on the development of advanced processing and formulation technologies for production of encapsulated flavours.

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Leading Market Players Focus on Expanding Operations in APEJ

With increasing spending on research & development activities, global manufacturers are now facing competition from regional players in APEJ. APEJ has become the preferred destination for leading market players to set up R&D facilities. Consumer in this region have started opting for fizzy, flavoured and plant-based drinks over other beverages. Consumption of milk-based drinks is expected to gain an uptick in APEJ, resulting into demand for flavoured dairy drinks. These factors will augment growth of the encapsulated flavours market in APEJ.

For encapsulation of flavours, high tech machines are required, coupled with skilled labours for operation. APEJ lacks skilled professionals, who are capable of understanding the technology behind flavour encapsulation. This might be a major hindering factor for growth of the encapsulated flavours market in APEJ.

Key market players identified in FMI’s report include Symrise AG, Cargill Incorporated, Nexira SAS, AVEKA Group, Naturex S.A., Archer Daniels Midland Company, International Flavours & Fragrances Inc., Sensient Technologies Corporation, Balchem Corporation, FONA International, Inc., Ingredion Incorporated, FrieslandCampina Kievit GmbH, BUCHI Labortechnik AG, Etosha Pan (India) Pvt. Ltd., Groupe Legris Industries (Central), Tate & Lyle PLC, LycoRed Limited, and Synthite Industries Ltd.

By Flavour Type

• Citric Flavours
• Berry Flavours
• Spice Flavours
• Nut Flavours
• General Fruit Flavours
  • Apple
  • Banana
  • Mango
• Exotic Fruit Flavours
• Chocolate Flavours
• Vanilla Flavours
• Other Flavours

By Application

• Bakery & Confectionary
• Cereal and Oatmeal
• Snack Food
• Frozen Food
• Dairy Products
• Beverages & Instant Drinks
• Pharmaceutical & Personal Care
• Others

By Encapsulation Process

• Spray Drying
• Spray Congealing/ Chilling
• Fluid Bed Coating
• Glass Encapsulation
• Others

The global market baobab powder is anticipated to witness robust growth during the assessment period. In a new report titled ‘Baobab Powder Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027),’ Future Market Insights studies the factors driving the popularity and adoption of baobab powder across the globe. Consumers today are becoming aware about the benefits of baobab powder, which in turn is surging the demand for baobab powder based products such as cereals and bars. Due to the fact that baobab powder has numerous skin benefits, it is used as an ingredient in various anti-ageing creams and helps protect the skin against high or low temperatures, rejuvenates the skin cells, moisturizes the skin and prevents damage from free radicals. Also, as baobab powder is a rich source of calcium and potassium, it is also found in products such as cereals, bars and jellies. Owing to its wide ranging beneficial properties, the consumption of baobab powder is growing across the globe.

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Segmental forecast of the global baobab powder market

The global baobab powder is segmented on the basis of product type (organic baobab powder, conventional baobab powder), end use (industrial, retail), sales channel (direct sales, indirect sales) and region.

Forecast by Product Type: Organic baobab powder segment is expected to register the highest CAGR during the forecast period. The organic baobab powder segment is estimated to be valued at US$ 8,544.2 Mn by 2027 end and is expected to expand at a CAGR of 6.5% over the forecast period.

Forecast by End Use: The retail segment is estimated to account for the highest value share of 65.2% in 2017 and is projected to reach a market valuation of US$ 6,545.1 Mn by 2027 end, registering a CAGR of 6.3% over the forecast period.

Forecast by Sales Channel: The indirect segment is estimated to account for the highest value share of 75.4% in 2017. This segment is estimated to be valued at US$ 7,602.1 Mn by 2027 end and is expected to expand at a CAGR of 6.3% over the forecast period.

Forecast by Region: North America followed by Western Europe will be the leading markets in the global baobab powder market with an anticipated value share of about 30% and 25% respectively by the end of 2027. North America will witness the highest regional CAGR of 6.8% during the forecast period.

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Global Baobab Powder Market Forecast 2017-2027

Future Market Insights predicts the global baobab market to be valued at about US$ 5,483 Mn by the end of 2017 and will continue to grow at a CAGR of 6.2% during the period of study to reach a market valuation of about US$ 10,004 Mn by the end of the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global baobab powder market including EcoProducts, Baobab Fruit Company Senegal, B’Ayoba (Pvt) Ltd, Organic Africa, Aduna Limited, Etude House, Woodland Foods, Powbab Inc, ATACORA, Halka B. Organics, Indigo Herbs LTD and Organic Burst UK Ltd. Companies are focussing on addressing customer centric product demand by expanding their product portfolio and introducing a variety of products in the global market. Suppliers are entering into long-term contracts with baobab products manufacturers to avoid increase in product prices, and baobab manufacturers are also benefitting from these long-term contracts with suppliers as it helps them sustain their operations.

 

Consumers across the world are demanding more natural, GMO-free and organic food products in their breakfast meals. A hectic and busy lifestyle is one of the significant elements that is pushing consumers towards increasing the consumption of ‘grab and go breakfast’ across the globe. Although consumers typically prefer ready-to-eat food and drinks in their breakfast, they are not ready to compromise with the source of ingredients. This is one of the key reasons that the global liquid breakfast market has been growing tremendously since last few years. The analysts of Future Market Insights have come up with a new report titled “Liquid Breakfast Products Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The global liquid breakfast products market is anticipated to reach about 302,066 MT by 2017 end and is estimated to be pegged at about 515,341 MT by the end of 2027, registering a CAGR of 5.6%.

Key Manufacturer Strategies to Support Huge Global Demand for Liquid Breakfast Products

• Introduction of products with reduced sugar and no artificial flavours / added colours
• Elimination of undesirable ingredients such as artificial dyes and preservatives
• Shift towards more natural and organic ingredient sources
• Increased venture capital funding to identify upcoming brands
• Acquisition of disruptive health and wellness brands

Apart from these strategies, manufacturers in the global liquid breakfast products market are likely to shift their focus on untapped markets such as India, China and Australia where consumer demand for liquid breakfast products is on the rise.

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Global Liquid Breakfast Products Market: Forecast by Product Type

The global liquid breakfast products market is segmented on the basis of product type into liquid breakfast (Milk and Cereal Based Breakfast, Drinkable Yoghurt, Vegetable Liquid Soup, Chilled Soup) and spoonable breakfast. The spoonable breakfast segment is expected to grab the maximum market share – around 55% in 2017 – and is estimated to reach a market valuation of US$ 103.2 Bn by 2027 end. Growing demand for spoonable Greek yoghurt across the globe is expected to boost revenue growth of the spoonable breakfast product type segment.

Global Liquid Breakfast Products Market: Forecast by Packaging Type  

The global liquid breakfast products market is divided on the basis of packaging type into pouches, cups and tubs, bottles, carton packaging and cans. Cups and tubs are expected to grow 1.9x in terms of revenue in the global liquid breakfast products market. With a 6.6% CAGR, the cups and tubs segment is the largest segment in terms of revenue in the global market followed by the pouches segment at 6.3% CAGR. Increasing use of bottles as a preferred packaging option for drinkable yoghurt and chilled soups is expected to contribute towards segmental revenue growth, which is estimated to be about US$ 18.5 Bn by 2017 end.

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Global Liquid Breakfast Products Market: Forecast by Distribution Channel

The global liquid breakfast products market is segmented on the basis of distribution channel into hypermarket/supermarket, retail stores, convenience stores, online selling, and other retail formats. Hypermarket/supermarket is the most attractive segment with an incremental $ opportunity of US$ 36.9 Bn between 2016 and 2027. Revenue from the convenience stores distribution channel segment is expected to increase 1.7X over the forecast period.

Global Liquid Breakfast Products Market: Regional Forecast

The global liquid breakfast products market has been studied across the seven key regions of North America, Latin America, Asia Pacific Excluding Japan, Western Europe, Eastern Europe, Japan, and Middle East & Africa. Western Europe is projected to be the most attractive and dominant regional market in the global liquid breakfast products market during the forecast period, accounting for a revenue share of 26.8% by 2027 end. The market for liquid breakfast products in APEJ is expected to generate a revenue of US$ 45.3 Bn by the end of 2027 with a CAGR of 6.2% during the forecast period.

Global Liquid Breakfast Market: Key Vendors

More than 15 key players and their performance in the global liquid breakfast products market have been featured in this report. Companies profiled include Sanitarium Health & Wellbeing, Danone, The Hain Daniels Group Limited, Campbell Soup Company, Tio Gazpacho LLC, Soupologie Limited, Kellogg Co., MOMA Foods, Weetabix Ltd., Nestle S.A., General Mills Inc., Quaker Oats Company, Müller UK & Ireland, Chobani, LLC, The Kraft Heinz Company, and The Billington Group.

Some of the leading players operating in the market include Nestlé SA, Prolactal GmbH, B. Engelhardt & Co AB, Holle babyfood GmbH, Bellamy’s Organic, Ingredia SA, Organic Valley, Aurora Foods Dairy Corp., HiPP GmbH & Co. Vertrieb KG, and Fonterra Co-operative Group, notes Future Market Insights (FMI). A number of players are focused on making constant product launches in order to consolidate their shares in various regions.

According to Future Market Insights (FMI), the global organic milk powder estimated valuation at the end of 2017 is about US$ 1,816 Mn. Expanding at a CAGR of 5.4% from 2017 to 2027, the market is expected to reach about US$3,060 Mn from 2017 to 2027 by the end of the forecast period.

The various types of organic milk powder comprise skimmed milk, whole milk, and buttermilk and whey. Among these, the whole milk segment is predicted to hold the dominant share of 53.6% by 2017 and is projected to rise at an impressive CAGR of 5.8% during the forecast period. The dominance of the segment is attributed mainly to the extensive demand for these for a variety of applications, including chocolates.

The various regions for the market for organic milk powder are North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA). Of these, North America is expected to the most attractive market, fueled by the prominent presence of certified organic dairy farmers.

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Vast Nutritional Benefits to Fortify Demand

The demand for organic milk powder among health-conscious populations in various parts of the world is attributed primarily to the recognition of a number of benefits they have, such as high-shelf life, assured quality, and nutritional benefits, notably the presence of mega 3 fatty acids. The rising preference of organic milk powder over ordinary milk among people of various age is driven by these health benefits. The growing demand for non-GMO and gluten free ingredients in packaged milk products is a key factor bolstering the demand for organic milk powders.

The growing demand for wholesome foods among families in various countries to act as a nutritional supplement to health drinks is a crucial factor expected to boost the market. The growing number of certified organic dairy farmers in developing and developed countries is a crucial trend expected to accentuate the market in the coming years. The marked consolidation of organic dairy industry, notably in North America, is a prominent trend expected to bode well for the overall organic milk powder market. This has led to a rise in imports volume, especially in the U.S.

Rising Number of Certified Organic Dairy Farmers Unlock Exciting Opportunities

The rising popularity of organic products in various developing and developed regions is expected to stoke the demand for organic milk powder market. However, the notable disparity in the supply and demand of organic milk powder in major regions, is a key factor likely to hinder the growth of the organic milk powder market to an extent. The insufficient supply of organic milk powder can be attributed to the paucity of modern dairy firms, stringent regulatory norms in developed nations to set up organic diary firms, marked transition period for conventional firms to turn into organic firms.

Nevertheless, the rising number of certified organic dairy farmers and recent advancements made in organic farming are key factors anticipated to accentuate the market over the forecast period. The introduction of products with advanced formulations also bodes well for the global organic milk powder market.

The study presented here is based on a report by Future Market Insights (FMI) titled, “‘Organic Milk Powder Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027)“.

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The global organic milk powder market is segmented based on:

• Type
  • Skimmed Milk
  • Whole Milk
  • Buttermilk & Whey
• Sales
  • Direct Sales
  • Indirect Sales
  • Modern Trade
  • Convenience Stores
  • Online Retailers
  • Others
• End Use
  • Food
    • Dairy
    • Bakery
    • Confectionery
  • Beverages
  • Dietary Supplements
    • Cosmetics & Personal Care
• Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Columbia
    • Chile
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Nordic
    • BENELUX
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
    • China
    • ASEAN
    • India
    • New Zealand & Australia
    • Rest of APEJ
  • Japan
  • Middle East and Africa (MEA)
    • GCC
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

A US$ 50 Bn market, the global aquafeed market has been largely concentrated in the APEJ region for over two decades, owing to a large supply of fresh water in the region and a thriving aquaculture market. While North America will continue to witness significant growth during the forecast period, the MEA market is slated to display great potential in the coming years, owing to a cheap labour force and a large production of the fish tilapia in Egypt. In terms of volume, the APEJ regional market is estimated to be pegged at 21.5 million metric tonnes in 2017 and this is expected to reach almost 40 million metric tonnes by the end of 2027, registering a CAGR of 6.3% in terms of volume. North America will witness a CAGR of 5.6% in terms of volume during the decadal study 2017 – 2027.

Segmental forecast of the global aquafeed market

The global aquafeed market is segmented on the basis of species (Crustaceans, Fishes, Others); form (Extruded, Powder, Liquid, Pellets); function (Health, Digestibility, Palatability, Special Nutrition); ingredients (Marine, Land Animal, Veg/Grain, Carotenoid, Nutrients, Others); and sales channel (Direct Sales, Indirect Sales, Hyper/Supermarket, Wholesalers, Speciality Stores, Online, Other Retail Formats).

• The Extruded form type will likely dominate the global aquafeed market in terms of market share – from an estimated 45% value share in 2017 to slightly over 50% by the end of 2027, the segment will record an impressive increase of about 492 basis points in market share. Pellets is likely to hold the second position by form in the global market.
• Fishes segment by species will remain dominant through 2027 with about 50% market share estimated to be held in 2017 and remaining consistent throughout the forecast period. This segment will also record the highest CAGR.
• Vegetable/Grains ingredients segment is expected to show tremendous growth over the forecast period. This segment is poised to witness a growth rate of 6.6% during the forecast period.
• By function, the Digestibility segment will hold high market value share throughout the forecast period – over 30% share of the global market by the end of the forecast period, with an increase of about 138 basis points over the 2017 value share. This segment will register a CAGR of 6.4% in terms of value followed by the Health segment at 6.3% CAGR.
• Direct Sales will remain the favourite segment by sales channel and will hold over 60% of the market share throughout the forecast period. This segment is anticipated to be valued at over US$ 30 Bn in 2017.

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Global Aquafeed Market Forecast 2017 – 2027

The new report by Future Market Insights titled “Aquafeed Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” forecasts the global aquafeed market to be valued at about US$ 50 Bn by the end of 2017 and will continue to grow at a CAGR of 5.9% during the period of study to reach a market valuation of about US$ 86 Bn by the end of the forecast period.

Competitive landscape

The report profiles some of the top companies operating in the global aquafeed market including Cargill Inc., Koninklijke DSM N.V., BENEO GmbH, Sonac B.V, ADM, Novus International, Biomin Holding GmbH, Nutriad NV, Alltech Inc., Norel SA, Cermaq, Skretting, Aller Aqua A/S, Clextral, Dibaq, Biomar, Zeigler Bros., Inc., Ridley Corporation Limited, Nutreco N.V., and INVE Aquaculture Inc. Major aquafeed manufacturers in developed and emerging economies are focussing on functional features enhancement in their aquafeed using ingredients that focus on digestibility factors.

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For ease of reader convenience, we have segmented the global aquafeed market into the following categories.

By Species

• Crustaceans
• Fish
• Others

By Form

• Extruded
• Powder
• Liquid
• Pellets

By Function

• Health
• Digestion
• Palatability
• Special Nutrition

By Ingredients

• Marine
• Land Animal
• Veg/Grain
• Carotenoid
• Nutrients
• Others

By Sales Channel

• Direct Sales
• Indirect Sales
• Hypermarket
• Supermarket
• Wholesalers
• Speciality Stores
• Online
• Other Retail Formats

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

 

 

Increasing focus on maintaining good health especially as the world is witnessing various pandemic and epidemic outbreak has been increasing seafood consumption. Against this backdrop Future Market Insights (FMI), presents a positive outlook for the shrimps market. According to the report, the shrimps market is slated to register a CAGR of 6.7% between 2021 and 2031.

Shrimps being a very good source of protein,are increasingly included in food, pharmaceutical, cosmetics, and various industrial products. Consumers have become extremely health conscious owing to the increasing prevalence of various ailments and have become more willing to spend on sea food such as shrimps.

Shrimps have various properties that help in preventing and controlling cholesterol, obesity, heart attacks, and other health conditions. Increasing awareness regarding this is expected to result in high demand for shrimps in the coming years.

Skin care products containing ingredients derived from shrimps are proven to be very beneficial in skin tightening and skin rejuvenation as shrimp contains collagen which is very much needed for tissue repair. Skin cells can be renewed with regular intake of collagen. The upper layer of skin called as epidermis is the most delicate part of the skin.

Consumption of shrimp in form either as a part of their regular diet or in the form of dietary supplements also offers various health benefits. According to the report, the food sector is expected to account for nearly70% of sales in the market through the forecast period.

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Key Takeaways from the Shrimp Market Study

• Despite restrictions amid pandemic, shrimps market is forecast to exhibit a little below 6% y-o-y growth in 2021
• Increasing shrimp consumption will enable the U.S. account for over 80% sales in North America
• The U.K. will continue dominating the Europe market, exhibiting 8.6% y-o-y growth in 2021
• Seafood consumption is considerably high in Germany and France, catapulting them as lucrative markets for shrimps within Europe
• China is the largest producer of shrimps and will continue dominating the East Asia market

“Increasing demand for food products with high nutritive value will drive shrimps sales. The market players are likely to focus on strategic collaborations to explore opportunities across untapped markets,” said a lead analyst at FMI

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Increasing Use of Shrimp in Cosmetics and Pharmaceutical Segments

Medical advantages of shrimpscan improve bone density, mind wellbeing, weight control, and reduce the risk of cardiovascular illnesses. Ingredients derived from shrimps are used in various skin care brands, aimed at offering good skin and anti-aging properties.

Shrimps contain a carotenoid called astaxanthin, which has amazing cell reinforcement properties that can incredibly lessen the indications of skin aging caused due to sun damage. Increasing use in cosmetics and pharmaceutical products will aid the overall expansion of the market.

Who is winning?

Some of the leading players operating in the shrimps marketare Vinnbio India Pvt. Ltd,  Charoen Pokphand Food PCL, Pescanova S.A, Galveston Shrimp Company, Gulf Shrimp Company, Seajoy Group, Dom International Limited Thai Union Frozen Products PLC,Marine Harvest ASA, Baton Rouge Shrimp Company, Inc., Labrador Fishermen’s Union Shrimp Company Ltd., ,The Clover Leaf Seafoods Family Ristic GmbHOmarsa S.A, MSeafood Corp Carribbean Ananda Group, Nippon Suisan Kaisha, Ltd.,Shrimp Company Limited, Artisanfish LLC,  Orchid Marine and others.

Companies operating in the market are focusing on M&A, collaborations, and strategic alliances to increase market penetration and production capacity.

Get Valuable Insights into Shrimp Market

Shrimp Market by Category

Species

• Gulf Shrimps
• Farmed Whiteleg Shrimps
• Banded Coral Shrimps
• Royal Red Shrimp
• Giant Tiger Shrimps
• Blue Shrimps
• Ocean Shrimps

Source

• Organic
• Conventional

Form

• Canned
•  Breaded
• Peeled
• Cooked & Peeled
• Shell-On
• Frozen

Sales Channel

• Direct
• Indirect
  • Modern Trade
  • Convenience Stores
  • Specialty Food Stores
  • Wholesale Stores
  • Discount Stores
  • Online Retail
  • Other Retail Formats

Application

• Food
• Pharmaceutical
• Cosmetics
• Industrial
• Biotechnology

Region

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

Food loss, coupled with ecological risks, is leading to a growing need for sustainability and effective food waste management facilities. The amount of food thrown away is increasing at an astounding rate each year. World Bank reports “What a Waste 2.0: A Global Snapshot of Solid Waste Management to 2050” in 2022 which anticipates more than 3 billion tons of waste to be generated annually by 2050. This signals a sharp increase from the current volume, i.e. 2 billion tons.

According to the United States Environmental Protection Agency (EPA), more than 38 million tons of food waste was generated in 2014, with a mere five percent diverted from incinerators and landfills. EPA estimates that food accounts for 21.6% percent of discarded municipal solid waste generated in the country. Food losses and waste bring to light the inefficiency of food value chains and food systems, which cause a fall in overall food availability.

The increasing food loss and wastage has led to a growing focus on decreasing the total volume of waste produced while increasing efforts to bring about sustainability in food waste management worldwide. The global food waste management market is anticipated to be valued at US$ 62.6 Bn in 2022. Future Market Insights (FMI) projects that the food waste management market will see a significant CAGR of over 6.4% during 2021 – 2032.

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Key Takeaways – Food Waste Management Market Study

• The food waste prevention segment is expected to rank relatively high on the attractiveness index in the global food waste management market. In 2022, the food prevention segment is anticipated to dominate the market.
• Food loss and wastage occurs at each node of the supply chain, from primary production to final end consumption.
• According to FMI survey, it is observed that around 85% to 90% of the overall food wasted in the developing economies is in the supply chain, including producers, processors, distributors, transportation & logistics, and retailer levels. In developing economies, food loss usually occurs in the earlier stages of the supply chain as a result of limited technology, inadequate infrastructural facilities, unfavorable climatic conditions, and insufficient processing and lack of marketing.
• In contrast, developed economies witness food losses and wastage to a substantial extent at the downstream stages of the supply chain.
• In 2019, food processing wastes is estimated to dominate the food waste management market by waste type.
• Rising preference for animal food production from food waste is expected gain traction in the food waste management market in the foreseeable future. Animal Feed, followed by fertilizers, are anticipated to remain the largest end-use segment globally during the forecast period.
• Increase in promotional activities and investments in renewable energy generation are leading to the growing market prospects for food waste management in North America. High demand for renewable energy and development in infrastructure encourages new players operating in recycling and processing food waste market.

Players in the food waste management market could strengthen their positions by introducing services in the rural areas where the concentration of food waste management companies is relatively low.

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Technological Developments to Enhance Prospects for Food Waste Management Organizations

Increasing participation of small and mid-size enterprises in the global food waste management market provides opportunities for innovation in services offered by waste management companies. Through the development of innovative technologies such as shelf-life extension technology, companies operating in the food waste management market are able to expand their global footprint by leveraging the regulatory implications.

Know More About What the Report Covers

Market Segments Covered in Food Waste Management Industry Analysis

By Services:

• Prevention
• Collection
• Transfer
• Recycling
• Landfill

By Waste Type:

• Food Production Wastes
  • Agricultural Produce Wastes
• Fruits & Vegetable Waste
• Staple Grain Waste
  • Poultry, Fish and Meat Wastes
• Bovine
• Poultry Meat
• Pork
• Fish & Other Marine Food
• Food Processing Wastes
  • Agricultural Produce Processing Waste
  • Poultry, Meat and Seafood Processing Wastes
  • Dairy Food Processing Waste
  • Other Food Processing Wastes
  • Distribution and Supply Chain Wastes
  • Retail Wastes
  • Consumption Wastes
  • Household Food Waste
  • Food Services, Hospitality & Institutional Waste (FSHI Waste)

By End-use:

• Animal Feed
• Fertilizer
• Renewable Energy & Biofuels
• Others (Cosmetic, Soap, Bio-plastic, and Other Products)