Market Research Blog

The food acidulants market is projected to grow from USD 3.1 billion in 2022 to USD 6.5 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period.

As urbanization expands, demand for ready-to-eat foodstuffs is increasing, attributed to the adoption of hectic lifestyles. Consequently, their supply is increasing rapidly, filling up shelves in supermarkets and departmental stores. This is providing major traction to food acidulants as they help enhance the shelf-life of such products.

Increasing awareness about food acidulants helping regulate pH levels, olfactory properties preservation, acidity levels regulation and overall enhancement of the functional characteristics of food & beverages are increasing their uptake across numerous food products.

Acidulants and citrates are common ingredients in food and beverages because of the specific capabilities they provide. The role of food Acidulants in the food industry is extremely diverse, ranging from pH correction and flavour improvement to the prevention of enzymatic browning in fresh foods.

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Key Takeaways

Liquid form food acidulants to find growing adoption, owing to high beverage consumption Citric acid to emerge as the most widely used food acidulants, attributed to its flavor enhancing properties Food acidulants as preservatives are poised to find immense application across ready-to-eat foodstuffs Beverages segment to register extensive usage of food acidulants through 2030 Asia-Pacific to be the fastest growing region, North America likely to retain market dominance

COVID-19 Impact Insights

With the world hurtling towards a major financial meltdown, the market for food acidulants is expected to take a substantial hit in its revenue and growth projections until the latter-half of 2021. The pandemic has compelled governments to impose shutdowns, thus impacting industrial production and profit margins across prominent sectors.

Logistical difficulties in procuring raw materials to manufacture food acidulants is leading to production crunches, generating a demand-supply gap. However, this is likely to be offset due to a sustained demand for instant foods and beverages from consumers.

Since the past two months, lockdown restrictions are being lifted, permitting movement of goods and material from one place to another. Also, production cycles are gradually being restored, causing revenue pools to expand. This is likely to sustain projections for the food acidulants market in the coming future.

Food Acidulant Market Players

The global food acidulants market is highly fragmented, characterized by the presence of several regional and international players. Some prominent players profiled in the report are Tate & Lyle plc, Archer Daniels Midland Company, Brenntag AG, Cargill Inc., FBC Industries Inc., Hawkins Watts Ltd. and Isegan South Africa (Pty) Ltd.

Food Acidulants Market Segmentation

Form Type

Solid Liquid

Type                

Citric Acid Lactic Acid Phosphoric Acid Other Types

Function

Preservative Acidity Regulator Antimicrobial Flavor Enhancer Other Functions

Application

Bakery and Confectionery Beverages Meat Poultry and Sea Foods Sauces and Dressings Other Applications

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Key Questions Answered in the Report

How much is the Food Acidulants market current worth?

Currently Food Acidulants market is worth more than US$ 3.1 Bn.

At what CAGR is the market expected to grow?

Food Acidulants consumption is expected to grow at a CAGR of around 5.5 % during the period 2021-2031.

How was the performance in the last five years?

In terms of revenue, Food Acidulants grew at a CAGR of around 6.2% during 2016-2020

What are the key trends boosting Food Acidulants sales?

Nutritional and allergen-free characteristics of Food Acidulants, increasing demand for Food Acidulants in food and beverages markets. The supply chain disruptions have increased the usage of food acidulants.

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments, and production to increase stability at certain temperatures.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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The global food irradiation market is scheduled to cross the US$ 300 million mark by the end of 2030, according to ESOMAR-certified firm, Future Market Insights’ new report.

Heightening concerns regarding food adulteration and contamination is augmenting the need for effective quality assessment solutions, thus expanding the scope of food irradiation technologies. These technologies help enhance the shelf life of foodstuffs by eliminating bacterial and fungal growth.

Furthermore, accelerating demand for sterile foods in healthcare settings is also providing traction to food irradiation technologies. Sterile foods are highly beneficial for patients suffering from life altering diseases such as cancer and HIV/AIDS.

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COVID-19 Impact Insights

The novel coronavirus pandemic has led to a major global economic downturn. Multiple industries are experiencing production cycle and supply chain disruptions due to government enforced lockdowns to contain the virus’s spread. Consequently, they are experiencing reduced profit and revenue margins.

With regard to food irradiation, sluggishness is anticipated to remain until the latter half of 2021. This is primarily because of a reduction in laboratory testing due to curbs on on-premises operations by agencies. However, this downturn is not expected to be severe, as testing is possible under remote conditions as well.

Furthermore, demand for clean-label and adulterant free foods has especially heightened since the pandemic’s onset, attributed to fears of contracting the coronavirus through the ingestion of contaminated foodstuffs. This is expected to sustain demand for food irradiating tests throughout the duration of the pandemic.

Competition Landscape

The global food irradiation market is interspersed with the presence of various regional and international level manufacturers. Prominent vendors include Food Technology Service Inc., Sterigenics International Inc., Gray Star Inc., Ionisos SA, Nordion Inc., Reviss Services Ltd., Sadex Corporation, Sterix Isomedix Services, Scantech Sciences Inc., and Phytosan SA De C.

A combination of divestitures, expansion of manufacturing and business capacities and acquisitions characterize the aforementioned players’ key market strategies. Besides, they also concentrate on enhancing their product portfolios through the development and introduction of new technologies.

In 2017, Sterigenics International Inc. successfully executed its gamma sterilization capacity in an effort to increase its global outreach. The expansion cost amounted to US$ 17.5 million. The expansion involved the installation of a new gamma irradiator to expand its testing capacities.

In 2019, Ionisos SA acquired Steril Milano, a specialist in sterilization services. The acquisition was initiated keeping in mind the company’s objective of enhancing their regional footprint across Europe, thus allowing them to access a wider customer base.

Key Segments

Source

Gama Radiation X-Ray Radiation Electron Beam Radiation

Technology

Ultra-High Pressure Steam Pasteurization Food Coating Ozone Treatment Other Technologies

Region

North America (U.S & Canada) Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Europe (Germany, France, Spain, U.K, BENELUX & 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, Northern Africa, South Africa & Rest of MEA)

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Key Questions Answered in the Report

Identify the primary source of food irradiation.

Gamma radiation is expected to emerge as the main source of food irradiation in the upcoming forecast period. High degree of safety and reliability of testing is considered a primary driver of the segment’s growth.

What drives the global food irradiation market?

According to FMI’s analysis, increasing incidences of food adulteration, contamination and poisoning amongst consumers is accelerating growth prospects for food irradiation technologies, the objective being the provision of clean and safe food. Additionally, rising demand for sterile foods across healthcare settings is also catapulting growth. Sterile foods are especially needed to boost immunity of patients suffering from debilitating conditions such as AIDS and cancer.

Which is the largest market for food irradiation?

Asia Pacific is likely to be the fastest growing region, attributed to a rapidly exploding population base which has led to increased demand for clean and high quality foods.

Which are the prominent players within the food irradiation landscape?

Prominent players in the food irradiation landscape include Food Technology Service Inc., Sterigenics International Inc., Gray Star Inc., Ionisos SA, Nordion Inc., Reviss Services Ltd., Sadex Corporation, Sterix Isomedix Services, Scantech Sciences Inc., Phytosan SA De C and Tacleor LLC.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

Ready-to-use Therapeutic food market will grow at a steady CAGR through 2030, according to a new research by ESOMAR-certified firm Future Market Insights (FMI). The study opines that impact of COVID-19 on ready-to-use therapeutic food market will be moderate, and industry players can expect to see sustained growth throughout the forecast period.

Malnutrition is a serious problem impacting humanity today. According to the World Health Organization, nearly 50 million children worldwide are severely malnourished, while almost 500 million are overweight. Around 45% of deaths among children under 5 years are attributed to undernutrition.

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Key Takeaways

• MEA to emerge as a hotbed for RUTF manufacturers, owing to high incidence of malnutrition
• Drinkable therapeutic foods to enjoy massive popularity due to heightening nutritional supplements demand for infants
• UNICEF to remain a frontrunner due to its unwavering commitment to eradicate world hunger
• Sales of therapeutic nutritional supplements are likely to survive the COVID-19 pandemic

COVID-19 Impact Insights

The COVID-19 pandemic has amplified the risk of acute malnutrition among the poorest sections of the society. In the face of government-mandated shutdowns, millions of people have become unemployed, especially in the agriculture sector, thus disrupting critical nutrition enhancement programs.

The impact has been especially drastic across the developing and underdeveloped worlds. It is apprehended that severely malnourished children are at a dangerously high risk of contracting the novel coronavirus due to weakened immunity. The same is true for the geriatric population.

Hence, manufacturers are implementing several arrangements to ensure that the availability of ready-to-use therapeutic foods is not hampered. As a result, sales have largely been sustained throughout the course of the pandemic, and is expected to remain so in the future.

Ready-to-use Therapeutic Food Market Players

Market players are actively involved in developing and launching new nutrition enhancing formulations in various forms. In addition, these players are collaborating with governmental and non-governmental agencies to aid in effective distribution of ready-to-use therapeutic foods to the most severely impacted regions.

Prominent players within this landscape include: Nuflower Foods, GC Rieber Compact AS, Valid Nutrition, InnoFaso, Edesia Inc., Nutrivita Foods, Diva Nutritional Products, Insta Products Ltd., Mana Nutritive Aid Product Inc., Meds & Food for Kids Inc, Samil Industrial Co., Tabatchnick Fine Foods Inc., Amul India, and Société de Transformation Alimentaire.

Nuflower Foods, a prominent Indian nutritional foods manufacturer, markets the NutriFEEDO^® ready-to-use therapeutic food paste which is rich in energy and protein to alleviate Severe Acute Malnutrition (SAM). The product is specifically designed for malnourished children, and is easy to digest.

Similarly, GC Rieber Compact AS manufactures the eeZee20^TM which is a lipid based nutrient supplement for preventing malnutrition among children aged under 6 months, thus promoting healthy growth by preventing micronutrient deficiencies.

Enhancement of R&D capacities is another approach adopted by RUTF manufacturers. For instance, Nutrivita Foods has a robust research and development department dedicated to the development of effective nutrition enhancing foods. It has a strong ties with Nutriset for this purpose. It also partners with academic organizations to enhance its capabilities.

Ready-to-Use Therapeutic Food Market Key Segment

Type

• Solid
• Paste
• Drinkable Therapeutic Food

End User

• UNICEF
• WFP
• NGOs
• Others

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (France, Germany, Spain, U.K, Italy, BENELUX, Nordics, Russia, Poland & Rest of Europe)
• Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand and Rest of APAC)
• Middle East & Africa (GCC, North Africa, Tanzania, Ethiopia, Nigeria, Malawi, Kenya, South Africa & Rest of MEA)

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Key Questions Answered in the Report

Briefly outline the growth of ready-to-use therapeutic food market.

The global ready-to-use therapeutic food market is anticipated to register a double digit CAGR, crossing the US$ 300 Mn mark by 2020-end.

Which is the most popular ready-to-use therapeutic food?

According to FMI’s analysis, the drinkable foods segments is poised to experience maximum sales. Growth is underpinned by high incidence of infant malnutrition. Also, liquid supplements are easier to digest by young babies.

How will COVID-19 impact the market?

The COVID-19 pandemic has resulted in a major spike in ready-to-use therapeutic food products consumption. High degree of susceptibility to the infection due an already weakened immune system is expected to generate high demand therapeutic foods.

Which region is expected to be the most promising in the future?

The Middle East & Africa is slated to be a revenue hotspot, attributed to a high incidence of poverty and hunger which has ultimately ushered in high levels of malnutrition.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

A new study by Future Market Insights opines food authenticity market to grow at a steady pace through 2030. Adoption will be driven by growing consumer focus on food safety and growing clean label trend. FMI’s new study tracks food authenticity market in 20+ countries for the period 2020-2030.

According to the study, in recent years, access to pure and adulterant free foods has come under significant jeopardy. Widespread prevalence of food adulteration, mislabeling and undisclosed ingredient details have generate a massive furor amongst health conscious consumers as well as healthcare providers.

On an average, approximately 57% of the global population suffers from morbidities inflicted due to consumption of sub-standard and contaminated foodstuffs. Moreover, nearly 1/4^th of the world’s food supply is adulterated annually. Realizing this, countries have taken proactive steps to mitigate the adverse effects of food adulteration.

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Increasing consciousness among consumers has elevated the need for introducing clean-label, organic-based and naturally derived foods. Based on these developments, the global food authenticity market is all set to experience an impressive upsurge in the coming years.

Key Takeaways from FMI’s Food Authenticity Market Report

• Global food authenticity market is likely to expand at a noteworthy CAGR in the forthcoming decade
• Asia-Pacific to emerge as the fastest expanding region for food authenticity testing, attributed to a large population base
• High incidence of meat consumption to provide traction to meat speciation authenticity tests
• Economically Motivated Adulterations (EMA) compelling governments to impose tough legislations to keep food adulteration in check
• PCR-based tests are expected to retain their popularity due to quick delivery of test results
• Processed foods testing is expected to acquire surging popularity due to high demand

COVID-19 Impact Insights

The COVID-19 pandemic presents an exceptional and unprecedented challenge for competent authorities with responsibilities for national food safety control systems. As consumers resort to consuming health and immunity boosting foods, demand for clean-label products is rising exponentially.

While nationwide lockdowns and social distancing measures have limited laboratory testing capacities, it has not fully ceased as chances of food adulteration are maximum during this time period. Unscrupulous traders are prowling the market with the objective of flooding it with adulterated food products.

Thus, leading players have revised growth forecasts to demonstrate that the market is expected to remain afloat albeit at lower projections and reduced revenue margins. Growth is expected to be restored to normal levels in the post-pandemic scenario, once lockdowns are eased following a decline in infection rates.

Leading Food Authenticity Market Players

Some leading players in the global food authenticity market include ALS Ltd., EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs to name a few.

The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

ALS Ltd., for instance, offers a wide range of testing and analysis with respect to ascertaining food quality. Its food authenticity tests incorporate meat speciation through the ELISA/PCR testing techniques, halal verification and genetically modified foods. It also offers testing for detecting contaminants and allergens.

In May 2016, Intertek established its AgriTech laboratory in Hyderabad, India to perform DNA-based testing of various agricultural products. Simultaneously, the company unveiled its advanced ScanBi DNA technology.

Key Segments

Food Tested

• Meat & Meat Products
• Dairy & Dairy Products
• Processed Foods
• Other Food Tested

Target Testing

• Meat Speciation
• Country of Origin & Ageing
• Adulteration
• False Labelling

Technology

• PCR-Based
• Liquid Chromatography-Mass Spectrometry (LC-MS)
• Isotope
• Immunoassay Based/ELISA
• Other Technologies

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (Germany, Italy, France, U.K, Spain, BENELUX & Rest of Europe)
• South Asia (India, ASEAN & Rest of South Asia)
• East Asia (China, Japan & South Korea)
• Middle East & Africa (GCC, South Africa, Israel & Rest of MEA)
• Oceania (Australia & New Zealand)

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Key Questions Answered in the Report

• What are the growth prospects of food authenticity market?

The global food authenticity market is slated to record largely positive growth, experiencing a healthy CAGR throughout 2020-2030. Growth is primarily being underpinned by surging demand for clean-label and adulterant free foods across lucrative markets.

• Which is the largest market for food authenticity players?

Asia-Pacific is slated to emerge as the most lucrative revenue generator, attributed to a large population base. Majority of food testing demand is likely to be stimulated from China and India, the world’s most densely populated countries. This is because the prevalence of food adulteration is maximum across these countries.

• Who are the leading food authenticity market players?

Presently, the global food authenticity market is interspersed with the presence of the following market players: EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs. The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

While economic uncertainties due to COVID-19 pandemic is reflected in almost every industrial sector, globally, sales of customized premixes will skyrocket, as the pandemic has highlighted the need for healthy living.

According to Future Market Insights (FMI) global tracker, worldwide revenue of customized premix market will rise 6.37% year over year to US$ 8.8 Bn in 2020. Market players must capitalize on consumers’ ever-increasing focus on health to support healthy lifestyle for employees and shoppers.

Moreover, e-commerce has witnessed a surge as consumers are turning to online channels for grocery shopping – a rise that will be sustained post-COVID-19 pandemic.

Consumption of customized premixes will rise as consumers across the globe are viewing products and brands through a new lens amid the COVID-19 pandemic. Mega consumer trends such as ‘Healthy lifestyle’ are receiving huge spur as purchase decisions are increasingly hovering around nutritional profile of products and services.

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Consumers of all age groups, worldwide, are embracing healthier dietary regimens and putting more emphasis on ingredients, seeking functional ingredients and plant-sourced alternatives. The COVID-19 crisis is redefining customized premix market in real time, triggering long-term fundamental trends within few weeks.

Recent research by Accenture of over 3,000 consumers in 15 countries across five continents has revealed that 64% of individuals are increasingly emphasizing on reducing food wastage, while about 50% are making more health-centric decisions during grocery purchasing and will continue to follow the same going forward.

FMI indicates that these evolving trends will endure post COVID-19 lesson and will remain key long-term priorities among manufacturers as well as consumers.

Customized Premix Market – Competitive Intelligence

The global customized premix market is highly fragmented, characterized by several large-scale as well as medium- and small-scale players. Given rising competition, players are investing in production developments and innovations in order to improve their market position. For instance,

• Archer Daniels Midland (ADM) Company has rolled out new assembly of flours, which all-purpose flours, organic flours, and organic premium bread flours, with additional organic milled products.
• Karl Fazer has introduced two different bakery products – Fazer Kinuskimarenkileivos and Fazer Suklaamarenkileivos – in an effort to expand its product portfolio to meet requirements in bakery industry.

Key Segment

Ingredient Type

• Vitamin Premix
• Mineral Premix
• Nucleotides Premix
• Amino Acids Premix
• Enzymes
• Coccidiostats
• Probiotics
• Prebiotics
• Multigrain Premix
• Omega 3 Fatty Acids
• Excipients
• Gums
• Botanicals
• Sweeteners
• Flavours
• Proteins
• Color

Form

• Powder
• Liquid

Function

• Bone Health
• Immunity
• Digestion
• Energy
• Heart Health
• Weight Management
• Vision Health
• Brain Health & Memory
• Resistance
• Others

Application

• Food Sector
  • Early Life Nutrition/ Baby Food
  • Medical Nutrition
  • Sports Nutrition
  • Energy Drinks
  • Milk and Milk products
  • Bakery and Confectionery Products
  • Cereals & Snacks
  • Oils and fats
  • Staple foods (Flour, Salt and Rice)
• Dietary Supplements
• Pharma OTC Drugs
• Pet Food

Product Type

• Premix blends/ Direct-to-consumer Solutions
• Drum-to-hopper Formulations

Regional Outlook

• North America (US, and Canada)
• Latin America (Brazil, and Mexico)
• Europe (Germany, UK, Russia, France, and Italy)
• South Asia (India, Indonesia, and Thailand)
• East Asia (China, Japan, and South Korea)
• Oceania (Australia and New Zealand)
• Middle East & Africa (MEA) (Turkey, GCC Countries, and South Africa)

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Key Questions Answered in the Report

• How the market for customized premix is expected to shape up in coming ten years?

The global customized premix market size will value around US$ 17.9 Bn in 2030. Market revenue pool will expand 6.37% year over year in 2020.

• Which is the largest market for customized premixes?

North America and Europe represent the largest markets for customized premixes, globally, given heightening health concerns as well as strict regulatory norms regarding food fortification.

• How the competition is structured in global customized premix market?

The global customized premix market is highly fragmented with presence of various leading and emerging players including, Archer Daniel Midland Company, AQC Chem Lab (P) Ltd, and Barentz International B.V..

• Which product type will remain high in demand in global customized premix market?

Among various product types, demand for premix blends will remain high over decade ahead in global customized premix market. However, market players are also tapping into direct-to-consumer solutions to ensure relevant returns.

• Which application will remain highly profitable for players in global customized premix market?

Market players are reaping substantial revenue from food sector. Under the application category, usage of customized premixes will remain prominent in bakery and confectionery products and cereals & snacks.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

The global demand for vegan protein powders has risen strongly in 2020, even though the coronavirus pandemic has impacted the market marginally owing to lockdown measures. The prospects of the industry are positive through 2027 as per a recent study by Future Market Insights (FMI). The report has indicated that the market will witness promising growth in the near future, with demand for nutraceutical and supplements during the pandemic.

In a report by FMI, it is stated that vegan protein powders based out of natural sources such as soy and pea will remain highly sought after for applications in the food and beverage processing sector, and also in health and wellness products. Direct sales approaches have proven more fruitful, with consumers choosing to use company websites for better deals on purchases.

The vegan protein powder market displays strong growth on account of health concerns over meat consumption and growing awareness about the ethics of animal farming. Also, the wider range of product flavours and investments towards product functionality in muscle repair, and maintenance for fitness enthusiasts will aid the market for the foreseeable future.

While sales of vegan protein powders are gaining ground rapidly, consumer preference for animal-based products, lack of clean label certifications, and poor consumer awareness in developing countries are obstacles for players in the industry.

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The report by FMI offers an exhaustive overview, covering critical market dynamics. Some of the major takeaways from the study include:

• Market is estimated at 4.7 billion in 2020, with demand rising steadily during the coronavirus pandemic
• Soy-based vegan protein powders remain highly sought after owing to higher product awareness and visibility
• Food processing applications of vegan protein powder witnessing strong demand owing to demand for functional foods and beverages
• Sales in the North America are critical to market development, owing to extensive applications in sports nutrition applications. However, South Asia & Oceania is displaying lucrative growth opportunities for market players with a vast vegan and vegetarian population base

Covid-19 Impact on Vegan Protein Powder Market

The demand for vegan protein powders is expected to be marginally impacted by the coronavirus pandemic. The industry is likely to face minor supply chain interruptions during this period, owing to lockdown restrictions affecting transport and logistics.

On the other hand, the demand for functional foods and nutraceuticals during this period will positively affect the market. Online sales are likely to witness an increase, even as small retailers are forced to temporarily shut operations.

On the other hand, the effects of the pandemic on the agriculture sector will have an important effect on market development, as viral transmission among farm laborers remain a concern.

Who is Winning?

In the study, FMI has analyzed the various business strategies being used by major companies in the vegan protein powder market. Leading market players are emphasizing widening their product portfolio with product development products in addition to capacity expansion and geographic expansion through industry collaboration for stronger distribution networks.

Some of the key players in the market include Archer Daniels Midland Company, AGT Food and Ingredients, Cargill Inc., A&B Ingredients, Ingredion Inc., The Scoular Company, Green Lab LLC, Kerry Group, and Roquette Freres among others.

Vegan Protein Powder market Segmentation

Source

• Soy
• Wheat
• Pea
• Others

Flavors

• Unflavored
• Chocolate
• Vanilla
• Strawberry
• Blueberry
• Others

Application

• Food Processing
• Nutritional Products
• Animal Feed
• Household (Retail)
• Others

Distribution Channel

• Direct Sales
• Hypermarkets/Supermarkets
• Specialty Stores
• Pharmacy & Drug Stores
• Online Stores
• Others

Regional Outlook

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Peru, Argentina, Chile, Rest of LATAM)
• Europe (EU-4, U.K., BENELUX, Nordics, Eastern Europe, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia, Rest of South Asia & Oceania)
• Middle East & Africa (GCC Countries, Northern Africa, South Africa, Turkey, Rest of MEA)

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Key Questions Answered in the Report

• What is the size of the vegan protein powder market?

The global vegan protein powder market is estimated to have reached a value of US$ 4.4 billion in 2020. The industry will rise at a 6.6% CAGR between 2019 and 2027.

• Which is the largest market for vegan protein powder?

North America is the leading market for vegan protein powders. Growing levels of health consciousness among consumers and the expansion of vegan populations aid market growth.

• Which are the top companies in vegan protein powder market?

Some of the leading companies operating in the market are Archer Daniels Midland Company, AGT Food and Ingredients, Cargill Inc., A&B Ingredients, Ingredion Inc., The Scoular Company, and The Kerry Group among others.

• What are the applications of vegan protein powder?

Vegan protein powders are finding use in the food and beverages sector, and is popular among people suffering from allergies. Vegan protein powders are also increasingly playing roles in animal feedstock formulations to keep up with consumer biases.

• From what materials are vegan protein powders sourced?

Vegan protein powders are extracted from three major plant sources. These include soy, wheat, and peas. Of these, soy protein powders are highly popular and are estimated to account for more than 50% of the overall market share by 2027.

• Will South Asia & Oceania exhibit higher demand for vegan protein powder?

Countries in South Asia and Oceania are potentially lucrative markets for vegan protein powder manufacturers. The rise in health awareness coupled with a substantial vegan and vegetarian population in the region drives growth.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Rising awareness regarding the health benefits of chickpea protein, coupled with increased health consciousness among people is propelling demand for chickpea protein. Moreover, the growing trend of veganism across the world, especially in developed economies, is poised to remain a critical factor driving the growth of the market. Chickpea protein aids in diabetes management by preventing the blood sugar levels from suddenly rising after consuming food. Furthermore, they bolster in controlling weight by swiftly burning calories during the digestion process.

Backed by its rich nutritional profile, chickpea protein also finds adoption among athletes to build muscle mass, making sports nutrition a lucrative segment for chickpea protein. Moreover, chickpea protein is labeled non-GMO plant-based protein, making it a fitting source of post-workout nutrition for athletes. When compared to other animal or vegetable-based ingredients, chickpea protein aids in proper maintenance, repair, and growth of both human and animal muscles, thus making it an ideal ingredient in the production of pet food.

Along similar lines, rising concerns regarding animal welfare and adverse health effects among consumers is asserting food product manufacturers to seek substitutes for meat-based ingredients. On this premise, chickpea protein has emerged as the ideal alternative for animal-based ingredients in the food processing, nutraceuticals, and sports supplement sectors

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Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global chickpea protein market will grow in value at a CAGR of ~5.1% between 2020 and 2030. Some of the key takeaways from the report include:

• The global chickpea protein market is forecasted to surge past valuation of US$ 142.4 Mn by the end of the assessment period
• By processing type, dry processing is projected to account for over 2/3rd of market share, owing to the low amount of energy and resources required
• Based on product type, protein isolates and protein concentrates account for the majority of the market share, accounting for near-equal proportions, with the former holding a slight edge
• Among end users, the food processing sector will hold over 66% of market value, while sports nutrition and nutraceutical sectors progress at higher growth
• Based on nature, conventional chickpea protein will remain the most sought-out type through the forecast period
• North America and Europe will collectively account for nearly 70% of total market share, ascribed to the presence of a large vegan and vegetarian population bases

COVID-19 Impact on Chickpea Protein Market

The outbreak of COVID-19 is expected to exhibit a dual impact on the growth trajectory of the chickpea protein market. As concerns regarding health surge across the world, consumers are actively seeking healthy food products, which is expected to boost the consumption of chickpea protein. However, operations in the food processing sector – the largest consumer of chickpea protein – have come to a screeching halt, leading to a downfall in demand. However, the demand for healthy, dairy-free food in Europe, where normality in the food sector is gradually returning post-pandemic, is likely to alleviate the challenge to an extent.

Who is Winning?

Key players operating in the market are leveraging the demand among a widening base of the vegan and vegetarian population, and are working on expanding their production capacities. To achieve the same, players are securing investment from governments and other players. On these lines:

• In April 2020, an Israel-based organization named InnovoPro raised US$ 15 million funding round by Jerusalem Venture Partners with participation from CPT Capital to boost the chickpea protein production.
• Also in April 2020, The Growthwell Group, a Singapore-based plant protein manufacturer, raised US$ 8 million funds from the Singapore government and other investors which includes Temasek, Insignia Ventures, DSG Consumer Partners, and Genesis Ventures. The funds will be used to build a new manufacturing facility.

FMI’s report includes profiles of some of the most prominent names in the market including Batory Foods, Ingredion Inc., Archer Daniels Midland Company, PLT Health Solutions, Chickplease, Cambridge Commodities Ltd, AGT Food and Ingredients, Nutraonly (Xi’an) Nutritions Inc., Chick.P, and InnovoPro

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To Know More About Chickpea protein Market

A new market research report published by Future Market Insights (FMI) on the global foley catheters market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through four different segments – product, nature, processing type, end-use, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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The low sodium sea salt market is forecast to exhibit steady growth, with its overall valuation reaching US$ 106.6 Mn in 2021. As per Future Market Insights (FMI), low sodium sea salt sales are expected to surge at 6.6% CAGR between 2021 and 2031. Overall growth forecast for the market will remain positive for the assessment period.

Risingprevalence of blood pressure is by far the most common cause of various ailments in American and Asian countries including China, South Korea, and India. Despite compelling evidence of the benefits of reducing salt intake, long-term salt restriction has proven difficult.

In addition, China and Japan have proposed new voluntary rules for nutrition labelling on packaged foods in an effort to avoid future government mandates. Globally, the per capita expenditure on food and beverages by the global population has increased in recent years.

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Consumers are becoming concerned about the nature of food products, in addition to focusing on ingredient labels. There is a growing interest in transparency. Consumers now have access to smart labels, which allow them to trace the supply chain of items. Consumers are seeking product transparency beyond free-from status, ingredients, and nutritional levels.

Purchasers are looking for information on the items’ origins. However, there are no clear government standards or guidelines surrounding clean labelling practices. Consequently, trust among consumers for brand loyalty has become important in the food and beverage business.

Key Takeaways from the Low Sodium Sea Salt Market Study

• Dry sea salt holds the lead in the global low sodium sea salt market and is expected to grow with a CAGR of 5.5% during the forecast years, owing to logistical benefits.
• Grain form low-sodium sea salt holds the largest market share of 77% of the global low sodium sea salt market. This is attributed to higher consumer acceptance in household cuisine.
• India is emerging as a high potential market in APEJ, exhibiting a CAGR of 12.6%, driven by growing consumer awareness in terms of healthy ingredient options.
• The U.S. continues to lead the North America market, supported by a larger food processing and service industry, accounting for over 88% of the value share.
• Germany is a major market for low sodium sea salt in Europe, supported by the presence of large-scale production and processing facilities.

Who is winning?

Clean label trends have become a catchphrase for promotional and marketing strategies, and companies have capitalized on this to advertise their products. Manufacturers are increasingly implementing cleaner procedures in order to market their clean label food goods, such as spreads, without undermining consumer trust.

Some of the leading companies offering low sodium sea salt are SaltWorks Inc., K+S AG, Cargill, ADM, A&B Ingredients, Selina Naturally, INFOSA, Atacama Sea Salt, and Solo Sea Salt among others.

Low Sodium Sea Salt Market by Category

By Product Type:

• Wet Sea Salt
• Dry Sea Salt

By Form:

• Grain
  • Coarse
  • Semi-Fine
  • Fine
• Flakes
• Spray

By Application:

• Water Softner
• Water Treatment
• De-Icing
• Anticaking
• Flavoring Agent

By Distribution Channel:

• Direct Sales/B2B
• HoReCa
• Indirect Sales
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Independent Small Groceries
  • Wholesale Stores
  • Online Retail
  • Others

By Region:

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

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Key Questions Answered in the Report

• What is the current valuation of the low sodium sea salt market?

The low sodium sea salt market is expected to surpass a valuation of US$ 106 Mn by 2021.

• At what rate did the low sodium sea salt market expand between 2020 and 2021?

The low sodium sea salt market exhibited a rise of US$ 5.9 Mn from 2020 to 2021.

• What is the low sodium sea salt market demand outlook?

The low sodium sea salt market will register a gradual rise in demand through 2021 and beyond. As per FMI, the market will register a CAGR of 6.6% between 2021 and 2031.

• What are the key trends prevailing in the low sodium sea salt market?

Leading low sodium sea salt manufacturers are focused on meeting standards required for regulatory requirements. Also, there is an increasing focus on minimizing sodium content further in comparison to conventional offerings.

• What are the key factors driving the sales of low sodium sea salts?

Increasing investments in production technology and infrastructure, the introduction of low sodium processed foods and growing manufacturing activities in emerging economies are key factors boosting sales of low sodium sea salt.

• Which are the top 5 countries exhibiting high demand for low sodium sea salts?

The U.S., China, Germany, India, and Australia are among the leading markets for low sodium sea salt, exhibiting consistently high demand.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

According to Future Market Insights, the frozen pizza market size is forecast to reach US$ 18.32 Bn in 2021. The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.

Frozen pizzas are prepared with a wide range of toppings including vegetables and meat covering both health and taste requirements. They are commonly sold as ready to cook food products.

The rising working population and craving for instant snacks are driving the frozen pizza market. Frozen pizza is sold via store-based retailing including convenience stores, discounters, forecourt retailers, hypermarkets, supermarkets, food specialist and online retail platforms.

Additionally, consumers desire food items that are easier to transport while having a longer shelf life. Fast-paced lifestyles have influenced consumers to seek ready-to-eat foods. Consumers are willing to pay a premium price for products obtained from organic and authentic sources. Producers of frozen pizza are consequently pushed to provide detailed information through labels.

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Consumers are hesitant to buy frozen products owing to concerns over processed ingredients. By providing accurate information about the additives used in FDA-approved frozen foods, manufacturers can gain consumer confidence and long-term brand loyalty.

Key Takeaways from the Frozen Pizza Market Study:

• The U.S. is a leader in the frozen pizza market, accounting for 80.9% of the North America market in 2021, supported by favourable consumer purchase patterns.
• Italy holds the lead in the Europe market with a share of nearly 16%, owing to growing consumption as a staple food.
• Brazil accounts for over 32% of the Latin America market in 2021, aided by favorable changes in consumer cuisine preferences.
• Thin crust pizza accounts for a market share of 63.3% in 2021, owing to the preference for low-calorie products.
• Meat toppings are anticipated to witness lucrative growth with a CAGR of 6.8%, supported by a relatively large meat-eating consumer base.

Who is winning?

Frozen pizza manufacturers are working on development of offerings that mimic freshly prepared pizza with lower calorie and fat content. In addition, manufacturers are focused on R&D to meet consumer demands in established and emerging markets.

While focusing on online retailing amid the pandemic, consumers are choosing from a wide range of products. Producers are promoting internet commerce to expand distribution in previously untapped markets.

Some of the leading companies offering frozen pizza include Frozen Specialties Inc., Nestle S.A., Jubilant Foodworks Limited, Oetker GmbH, Convenio, Foods Pvt. Ltd, Daiya Foods Inc., Giovanni’s frozen pizza, Monte Pizza Crust B.V, General Mills Inc, McCain Foods Ltd, Dr., Connies Pizza, Conagra Brands, Inc. and others.

Frozen Pizza Market by Category

By crust type, frozen pizza market is segmented as:

• Thin Crust
• Thick Crust
• Stuffed Crust

By toppings, frozen pizza market is segmented as:

• Cheese
• Meat
• Fruits and Vegetables
• Others

By sales channel, frozen pizza market is segmented as:

• Store based Retailing
  • Convenience Stores
  • Discounters
  • Forecourt Retailers
  • Hypermarkets
  • Supermarkets
  • Food Specialist
• Online Retail

By size type, frozen pizza market is segmented as:

• Small
• Medium
• Large

By region, frozen pizza market is segmented as:

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

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Key Questions Answered in the Report

• What is the current valuation of the frozen pizza market?

The frozen pizza market is projected to surpass a valuation of US$ 18.3 Bn by 2021 end.

• At what rate did the frozen pizza market expand in the last 5 years?

The frozen pizza market exhibited steady growth at a CAGR of 4.8% in the last five years from 2016 to 2020.

• What is the frozen pizza market demand outlook?

The frozen pizza market is expected to register steady growth amid the COVID-19 pandemic in 2020. The market will register a CAGR of 6% between 2021 and 2031.

• What are the key trends prevailing in the frozen pizza market?

Leading frozen pizza manufacturers are focusing on product launches and flavor options. Also, there is a growing focus on nutrition and health including low fat and low-calorie options in the country.

• What are the key factors driving the sales of frozen pizzas?

Increasing demand for frozen convenience foods, improvements in recipes and frozen food storage and transport technology improvements are factors boosting frozen pizza sales.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

The encapsulated flavors and fragrances market worth will total US$ 6.3 billion in 2021, according to Future Market Insights (FMI). Growing at a healthy CAGR of 5.9% for 2021-31, the market is expected to reach US$ 11.2 billion by 2031. Encapsulation processes create functional qualities including the controlled release of aromatic molecules in specific environments. Encapsulated flavors and fragrances are used as excipients in the food and beverage, cosmetics, and personal care sectors for preserving products for long-term use.

Purity, granulation, average molecular weight, colour, and solubility determine the grade of encapsulated products. The wide multi-functional benefits of encapsulated flavours and fragrances are aiding the growth of the global market.

High levels of investments in research and development by key players, particularly in the developed countries, are expected to boost consumption. Another factor driving the market’s growth is the rising demand for functional foods.

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Additionally, manufacturers are using technologies such as spray-drying, which is the most commonly used method in the industry. The emphasis on health and wellness has risen by leaps and bounds.

Healthy drinks with vitamins and natural flavors are becoming popular among consumers. Flavour encapsulation is preferred to chemically synthesized equivalents. Consequently, it is used on fruit and vegetable ingredients without compromising nutritional content. As a result, encapsulated flavour manufacturers have great opportunities to partner with beverage manufacturers and supply encapsulated flavors for health drinks and more.

Key Takeaways from the Encapsulated Flavours and Fragrances Market Study:

• Micro-encapsulation accounted for a market share of 72.9% in 2021 driven by superior functional efficacy and diverse applications.
• Cyclodextrin is anticipated to witness a lucrative growth rate at a CAGR of 9.1%, supported by the growing popularity of prebiotics.
• Germany holds the lead and will account for 24% share in the Europe market in 2021, however, it is registering sluggish growth owing to saturation in the country.
• The U.S. will hold over 88% of the North America market by the end of 2031, driven by demand from matured food and chemical processing sectors.
• South Korea registers the highest growth rate in East Asia at 8% CAGR, supported by demand from the cosmetic, personal care, and pharmaceutical sectors in the country.

Who is Winning?

Encapsulated flavors and fragrances manufacturers are working on delivering unique items to the market to reach a larger customer base. Manufacturers are also working on research and development to meet rising consumer expectations in both existing and emerging markets. Additionally, manufacturers are also focusing on online retailing in the pandemic through various E-commerce websites.

Some of the leading companies offering encapsulated flavours and fragrances are ADM, Cargill Inc, Firmenich Incorporated, Givaudan, Ingredion Incorporated, International Flavours and Fragrances (IFF), Kerry Group, Royal DSM, Sensient Technologies, Symrise AG, Tate & Lyle PLC and others.

Encapsulated Flavors and Fragrances Market by Category

By Product Type:

• Flavour Blends
• Fragrance Blends
• Essential Oils & Natural Extracts
• Aroma Chemicals

By Technology:

• Mechanical
  • Emulsification
  • Spray Drying
  • Spray-Chilling/Cooling
  • Fluidised-Bed Coating
  • Centrifugal Extrusion
• Others
  • Chemical
  • Coacervation
  • Freeze Drying
  • Supercritical Fluid Technique
  • Nano Precipitation
  • Liposomes
• Others

By Wall Material

• Maltodextrin (DE<20)
• Corn syrup solid (DE>20)
• Modified cellulose
• Gum Arabic
• Modified starch
• Gelatin
• Cyclodextrin
• Lecithin
• Whey protein
• Hydrogenated fat
• Others

By End-use:

• Consumer Goods
  • Laundry detergents
  • Fabric softeners and scent boosters
  • Household Care
  • Deodorants
  • Oral Care
  • Skin Cleansing & Care
  • Hair Care (shampoo & conditioner)
• Food and Beverage
  • Chewing gum
  • Baked Foods
  • Confectionery
  • Dairy Products
  • Instant Desserts (Frozen Food)
  • Food Flavors (Snack Food, Cereal, Oatmeal, etc.)
  • Beverage & Instant Drinks & Tea
  • Others (Prepared Dishes, etc.)

By Encapsulated Form:

• Powder
• Paste
• Granules

By Process:

• Micro-encapsulation
• Nano-encapsulation
• Hybrid-encapsulation
• Macro-encapsulation

By Region:

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

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Key Questions Answered in the Report

• What is encapsulated flavors and fragrances market size?

The overall encapsulated flavors and fragrances market is projected to surpass US$ 6.3 Bn in 2021.

• At what rate did the encapsulated flavors and fragrances market grow in the last five years?

Demand in the encapsulated flavors and fragrances market increased at 4.5% CAGR between 2016 and 2020.

• What are the key trends shaping the encapsulated flavors and fragrances market?

Market players are likely to focus on nano-encapsulation technologies. Cost-effective mechanical encapsulation solutions will remain important in the market.

• Which countries are key producers of encapsulated flavors and fragrances?

The U.S., Germany, U.K., France, and Switzerland are the leading producers of encapsulated flavors and fragrances products.

• What are the key statistics for encapsulated flavors and fragrances market in Japan and South Korea?

Encapsulated flavors and fragrances solutions in Japan and South Korea are expected to hold a 5.2% and 8% CAGR through 2031, respectively.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com