Market Research Blog

The demand for organic products and methods is rising in the Middle East and Africa (MEA) as countries within the region focus on improving agricultural yield. This is in turn is driving the Middle East and Africa bio-stimulants market, finds Future Market Insights (FMI) in a new study. Customers nowadays are increasingly aware about various negative effects of using chemically synthesized pesticides and fertilizers. This has been resulting in surging sales of organic stimulants.

According to a new report by Future Market Insights (FMI), hydrazine hydrate market surpassed US$ 426 million in revenues in 2019, and is projected to grow at a steady 4.9% CAGR through 2030. The latest study takes into account the impact of COVID-19 on hydrazine hydrate market.

In response to the surging application of cooled liquid systems in-built with cold plates instead of forced air cooling systems, the cold plates market demand is rising rapidly. According to Future Market Insights (FMI), the global cold plates market is expected to grow by 5.2% CAGR during the forecast period from year 2020 to 2030.

Soy and egg yolk are considered to be the most common sources of lecithin. Major soybean-producing countries such as the United States, India, Brazil, and others have plenty of raw materials for lecithin producers.

Varied end user industries are displaying increased demand for naturally-derived lecithin. Manufacturers are focused on broadening their product portfolio, and increasing their R&D spending to introduce new products. According to FMI’s analysis, the global Lecithin Market reached a size of over US$ 1.1 billion in 2021. The market is further projected to expand at a CAGR of 6.7% over the forecast period of 2021-2031.

The consumer understanding of healthier lifestyles, and the demand for convenience foods, functional foods, and beverages is driving the lecithin market. The industry is also expected to benefit from the increasing demand for organic food products. With customers looking for food choices that promote weight loss and resolve calorie concerns, the lecithin market in developing countries is expected to grow significantly.

With emulsifier applications, lecithin prevents different interactions between fats and oils and other ingredients. Lecithin finds roles in boosting cardiac health, lowering cholesterol, and improving brain function pathways, among others. Further, choline derived from lecithin can help people with Alzheimer’s disease enhance their cognitive function.

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Egg lecithin is widely used in the pharmaceutical and cosmetic industries. It is considered safe for use by the FDA. As a result, the widespread use of lecithin in the pharmaceutical industry would also fuel global demand for lecithin.

Lecithin has also proven to display a number of skincare benefits, including colour and texture of the skin. High levels of antioxidants and natural moisturiser characteristics drive incorporation in a variety of cosmetic products.

Key Takeaways from Lecithin Market Study

• Soy-based lecithin will account for major market share owing to an abundance availability of soy as raw material
• Food processing applications will reflect strong growth owing to scope of multiple processes in the sector
• Lecithin demand to surge in America, enabling the U.S. account for over 75% of sales in 2021
• The U.K. emerges as key lecithin market in Europe, exhibiting 3.7% y-o-y growth in 2021
• Increasing focus on natural ingredients, especially in food, cosmetics, and pharmaceutical industries will fuel demand in Germany and France
• China will emerge as a lucrative market in East Asia owing to high soy production and consumption

“Several manufacturers are responding to the growing demand for lecithin by developing new, high-quality products for a wider consumer demographic. Major players invest heavily in research and development efforts, resulting in the influx of new offerings in recent years, all of which have increased sales,” – said a lead analyst at FMI

Application of Lecithin in Pharmaceuticals Opens Niche Opportunities

The growing use of lecithin in pharmaceutical companies has created a huge market for associated products. The pharmaceutical industry is seeing a rise in the use of phospholipid, which is a key component of fractionated and highly purified lecithin.

It is valued for its use as a scientific excipient in the manufacture of pharmaceuticals. The natural phospholipid is favoured over synthetic alternatives owing to ease of use, low cost, and regulatory acceptance. Because of the nutritional benefits associated with lecithin, it is used in protein supplements and infant formulas.

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Who is winning?

Some of the key players operating in the Lecithin market are, Lecio Gmbh, Archer Daniels Midland Company, VAV Life science Pvt. Ltd., Sonic Biochem, American Chemie Inc., Americal Lecithin Company, Fishmer Lecithin, Lasenor Emul, Sodrugestvo Group, Kewpie Corporation and other players.

Strengthening partnerships in high growth regions and product innovation to meet evolving consumer demand for natural and plant-based ingredients in food products are factors boosting demand in the lecithin market.

Leading players in the lecithin market are focused largely on widening their product portfolios in addition to seeking strategic partnerships for regional production and distribution objectives by market leaders.

Get Valuable Insights into Lecithin Market

Future Market Insights, in its new report, presents an unbiased analysis of the Lecithin, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on the Lecithin Market based on product type, has been classified into Fluid, De-oiled, Modified. Based on the source, the Lecithin market is segmented into Soy, Sunflower, Rapeseed, Egg and Others. In terms, the application has been classified Food, Pharmaceuticals, Cosmetics, Animal Feed, Nutraceuticals and Others. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

The global pulse ingredients market size is expected to reach US$ 3.06 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.2% CAGR between 2022 and 2032.

According to the report, the rising demand for organic and natural products will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the pulse ingredients market. Some of these are:

• The estimated value of the market was at US$ 1.84 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• The Asia Pacific pulse ingredients market is driven by the rise in disposable incomes, urbanization, and expansion of the food & beverage industry.
• The Asia Pacific region is backed by major revenue generating countries such as China and India.
• Peas segment is projected to dominate the pulse ingredients market during the forecast period.
• Key players are likely to focus on product innovations to stay relevant in developed markets.

“Pursuit for new ingredients in bakery products have contributed to an increased usage across North America,” said a lead analyst at FMI.

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Given Increased Consumer Awareness of Gluten Free Bakery Goods, Changes in Consumer Preferences due to COVID-19 Outbreak will Effect Development

Pulse flour is obtained from milled or dried pulses that are processed for use in various baking products including breads, rolls, cookies, and muffins. Because of its gluten-free quality and ability to improve the texture and shelf life of food it is used as a versatile food ingredient.

The pulse flour is used as an alternative to rice and wheat flour in various cuisines. For baking products and the snack industry, these types of flours are commonly used to improve nutritional, protein and flavor content of the products.

Owing to the close relationship between economic activity and demand for crude oil and refined products, widespread viruses usually carry downside price pressure for energy commodities. This is particularly true when an economy the size of the China is participating in the sphere of influence.

The quickly spreading COVID-19 has disrupted economic activity and devastated the stock market, but prices of critical goods are on the rise on the futures market.

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Who is Winning?

Most of the companies are involved in various strategic initiatives to strengthen their market presence and gain a competitive edge in the value chain.

Global pulse flour market share is fragmented including Ingredion, ADM, Bunge, The Scoular Company, Best Cooking Pulses, AGT Food & Ingredients, Diefenbaker Spice & Pulse, CanMar Grain Products, Parakh Agro Industries, Blue Ribbon, EHL, Bean Growers Australia, Great Western Grain, SunOpta and Ganesh Grains are fragmented global market share.

Get Valuable Insights into Pulse Ingredients Market

Future Market Insights, in its new report, presents an unbiased analysis of the global pulse ingredients market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market. The global pulse ingredients market is segmented on the basis of type, source and application.

On the basis of the type the market is segmented into pulse flours, pulse starches, pulse proteins, and pulse fibers & grits. On the basis of the source the market is segmented into peas, beans, chickpeas and lentils. On the basis of the application the market is segmented into food & beverages, feed and other applications. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

The global almond ingredients market size is expected to reach US$ 33.43 Bn by the end of 2032. A recent study by Future Market Insights (FMI) forecasts that the market will exhibit impressive growth at a CAGR of 10.3% between 2022 and 2032. According to the report, the rising demand for healthy and nutrition rich products is boosting the almond ingredients market. The report offers an exhaustive market overview, providing insights into prevailing trends and future scenario. It also contains various data and graphs to support information compiled within.

It includes in-depth insights into the Almond Ingredients market. Some of these are:

• The estimated value of the market was at US$ 12.6 Bn in 2022. Through the course of the report’s forecast period, the market is likely to rise at a remarkable pace of growth
• Regionally, North America holds dominant share in the market.
• Europe and Asia are expected to emerge as attractive markets for almond ingredients.
• Due to coronavirus outbreak consumers are more inclined towards healthy food and turning into health-conscious diets. This will surge the demand in the almond ingredients market during the forecast period.
• Key players are likely to focus on product innovations and business collaborations to stay relevant in developed markets.

“Rising demand for nutritious food and almond based snacks in Europe, besides reduction in price of almonds in the U.S. will aid the overall expansion of the almond ingredients market amidst the prevailing scenario,” said a lead analyst at FMI.

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Increased Consumer Inclination towards Healthy Food and Snacks to sustain during the Extended Period of Lockdown will Fuel Demand

Consumers are now focusing on nutrition rich products to stay healthy and fit. Almond ingredients are often found in dietary supplements since they are rich in antioxidants and are naturally conserving additive. This is a key factor fuelling the demand for almond ingredients. The rising demand for natural and low-sugar ingredients is also driving the almond ingredients market. Almonds are rich in minerals, proteins and fibres and are associated with many health benefits such as controlling blood pressure and sugar level in human body. Because of these health benefits, they are often included in snacks and comfort food items. Therefore, the surging sales of snacks and comfort food as consumers stockpile on essential commodities to sustain themselves during lockdown periods amidst COVID-19 outbreak will benefit the market.

Who is winning?

Some of the leading players operating in the Almond Ingredients market Archer Daniels Midland Company, Olam International Limited, John B. Sanfilippo & Son, Barry Callebaut Group, Blue Diamond Growers, Borges Agricultural & Industrial Nuts, The Wonderful Company, Döhler GmbH, Royal Nut Company, Kanegrade Limited and others. In order to capture a larger market share, key market players are adopting various initiatives and adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing.

• In October 2018, Döhler GmbH acquired Nutrafood. The aim behind the acquisition was to expand the product portfolio as well as to increase the production capacity of nut segment.
• In 2019, Olam International Limited acquired Hughson Nut Inc. for expanding their business footprints in East Asia and Europe as well as to increase the production capacity of almond ingredients to fulfill the consumers rising requirements.

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Get Valuable Insights into Almond Ingredients Market

By Type :

• Whole Almonds
• Almond Pieces
• Almond Flour
• Almond Milk
• Other types
• Sablages
• Almond oil
• Crocants
• Flavor extracts

By Application :

• Snacks
• Bars
• Bakery
• Confectionery
• Milk substitutes & ice creams
• Nut & Seed butter
• RTE Cereals
• Salads
• Sauces
• Artisan foods
• Food services
• Other processed foods
• Cosmetic applications

By Region :

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

About the Food & Beverage Division at Future Market Insights

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

The global taste modulators market size is expected to reach US$ 1.9 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.1% CAGR between 2022 and 2032.

According to the report, rising demand for low-calorie foodstuffs from health-conscious customers while maintaining the original taste provides a lucrative opportunity for this industry. Flavor modulation components are commonly used for improving sweetness, reducing salt, blocking bitterness and increasing mouth feeling. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the taste modulators market. Some of these are:

• The estimated value of the market was at US$ 1.2 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Geographically, the global taste modulators market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, North America is the largest region of the taste modulators.
• It is estimated to be a rapidly growing market for taste modulators owing to the increase in some people suffering from obesity and diabetes in the region. Growth in awareness about these health conditions has resulted in a shift toward healthier alternatives for sugar. This is likely to drive the market for taste modulators in this region.
• The Asia-Pacific offer lucrative opportunities to the taste modulators market in the upcoming years. Due to the increase in meat consumption, population growth, and a rise in awareness about healthy & nutritional food products.

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“Rising consumption of low-calorie, low-fat foods and the increasing prevalence of diabetes and obesity have resulted in increased demand for taste modulators. Product innovation carried out by leading companies to cater to the changing consumer preference will enable growth in the market,” said a lead analyst at FMI.

Change in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

Asia Pacific is expected to hold the largest share in the forecast period due to increased consumer demand for healthier products and increased consumption of low-fat & low-calorie quality foods. In addition, the rise in the number of people with diabetes in the Asia Pacific region would drive the highest growth over the projected period. APAC is experiencing a strong demand for taste modulators due to increased consumption of meat, population growth and increasing awareness of nutritious and balanced foods.

Rising population along with growing economic standards has led to increase in food service spending. Coronavirus outbreak had a considerable impact on consumption pattern of buyers. This will invariably impact growth forecasts for the market. Strong visibility of corona control cases, dropping incremental accidents and rising disease spread. Although government and central bank interventions will serve as palliatives, currently scared stock markets may want to evaluate the potential harm to economic activity and demand, and that will only become apparent until there has been a meaningful improvement in the corona situation.

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Who is winning?

The major players operating in the global taste modulators market are Kerry Group plc., Koninklijke DSM N.V., Ingredion Incorporated, Symrise AG, Sensient Technologies, Givaudan SA, Firmenich S.A., International Flavors and Fragrances, The Flavor Factory, Carmi Flavor and Fragrance Co. Inc., Flavorchem Corporation, and Senomyx, Inc. among many others.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations. Company are investing in research and development to launch unique and innovative products of taste modulators.

• In 2015, Kerry Group acquired Red Arrow Products, Island Oasis and Biothera Inc.’s for US$ 735 Mn. The aim behind the acquisition was to expand the product portfolio in taste and nutrition segment.
• In 2017, Sensient Technologies launched taste modulation and protein masking solutions. By using this solutions, manufacturers of ports drinks, diet shakes or snack bars can enhance the taste of their products by removing off notes as well as improving the unpleasant taste that few proteins display.

Get Valuable Insights into Taste Modulators Market

Product Type

• Sweet Modulators
• Salt Modulators
• Fat Modulators

Application

• Dairy Products
• Bakery Products
• Confectionery Products
• Meat Products
• Snacks
• Savory
• Alcoholic Beverages
• Non-Alcoholic Beverages

Region

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

The carbon steel market size in 2020 has reached close to US$ 770 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 4.9% between 2020 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders. It studies the growth trajectory and gauges investment feasibility across key segments.