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According to a new study by FMI, the pectin market value is estimated at ~US$ 921 Mn in 2021. The growth in demand for pectin among consumers is primarily driven by its fat- & cholesterol-free nature and its application as a fat substitute in the bakery industry. The bakery industry is one of the industries that cover a wide variety of food products and attract consumers from all age groups. In recent years, growing health concerns among consumers has compelled bakery industry operators to offer fat-free products, thereby potentially raising the demand for pectin. Moreover, the vegan nature of pectin is likely to work to advantage of the bakery industry amid the rise of vegan culture across the globe and notable increase in number of population preferring vegetarian diet.

The pectin market is mainly segmented on the basis of product, application and region:

Based on product, the pectin market is segmented as high methoxyl pectin, and low methoxly pectin. Low methoxly pectin remains the most preferred product, as it requires low sugar to form gels, unlike high methoxly pectin that requires high sugar levels. Although high methoxly pectin holds relatively low share in the market, it is expected to increase by 3-4% over the forecast period.

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Noteworthy application of pectin includes various products such as jams & jellies, beverages, bakery filling & toppings, dairy products & frozen desserts, confectioneries, meat & poultry products, dietary supplements, functional foods, pharmaceuticals, personal care & cosmetics, and others. Among these, owing to wide applications in the bakery industry, consumption for bakery & toppings as well as jams & jellies is likely to account for relatively high sales.

Pectin as a Solution to Various Complex Health Problems

Pectin is a solution to various health issues that were previously unable to cure. For example, niacin is an organic chemical taken by various consumers to supplement their diet with vitamin B3 and various important nutrients. But, it is also known to cause skin flushing in the face and upper body parts, which previously was treated as an allergy. However, after deep research, it turns out that pectin helps in curing skin flushing caused by niacin, and skin flushing is not an allergy but a side effect of consuming more niacin. Similarly, pectin is known to treat ulcerated mouth and throat by simply applying it in the affected areas. Moreover, the replacement of chemicals with plant-based products in pharmaceuticals will continue to favor the growth of the pectin market.

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Environment-friendly Attributes Accounting for Greater Gains

With global warming and its disastrous consequences being constantly in the news, and plastics and other non-biodegradable products being banned by governments, humans are on the lookout for sustainable alternatives. Using pectin to make paper and plastic substitute is the most important and major step that manufacturers have taken towards protecting the earth. Pectin, owing to its gelling property, can make proper paper plates and its plant-derived nature makes it safe for the environment as well. Innovations using pectin can also be seen in its usage to make foams and plasticizers. As pectin is considered safe, it is most commonly used to make edible films so that there is no need to remove the covering and food can be consumed directly.

The pectin market study done by FMI offers deep insights to the reader about the market’s today and forecasted growth. According to FMI, the pectin market is projected to grow with a CAGR of ~7.8% during 2022-2032.

 

The number of alcohol consumers in India continues to rise on the account of rising urban population. Consuming alcoholic beverages has become a customary tradition for a majority of people residing in India’s urban cities. Changing lifestyles and increasing incomes are compelling them to consume alcohol on a frequent basis. Future Market Insights recently published its study on India’s alcohol market, which estimated that more than INR 2.5 trillion worth of alcohol was consumed in 2016. The study further projected that consumption of alcohol in India is less likely to decline in the years to come. By the end of 2026, more than 14 billion litres of alcohol will be sold across India.

According to the report, revenues amassed from sales of alcohol in India will soar vigorously at 7.4% CAGR, and reach INR 5.1 trillion value by the end of 2026. In terms of volume, India’s alcohol consumption in 2016 has been estimated to have surpassed 8 billion litres and will grow at 5.5% CAGR in the due course of forecast period. An in-depth analysis on India’s alcohol distribution indicated that just above three-fourth of alcohol consumed in the country is government controlled. In 2016, alcohol distributed in India through open market sales made revenues worth over INR 400 billion. Meanwhile, about 550 million litres of alcohol was auctioned in India by the end of 2016.

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India’s Alcohol Market: Report Highlights

• Nearly two-third of India’s alcohol revenues will be accounted by sales of Indian-made foreign liquor (IMFL)
• In 2016, more than 1,800 million litres of strong beer was consumed in India
• By the end of 2026, white wine sales in India will have brought in an estimated INR 16.8 billion in revenues
• Revenues amassed from sale of country liquor in India will have soared at 5.5% CAGR
• Whisky will be the most-preferred type of alcohol in India, while sales of white spirits will grow at more than 11% CAGR

Key findings of the report, titled “Alcohol Market: India Industry Analysis and Opportunity Assessment, 2016-2026,” projected that Southern and Western states of India will continue to contribute to more than 80% of alcohol revenues through 2026. Bangalore’s SAB Miller India Ltd. and United Spirits Ltd., and Mumbai-based Tilaknagar Industries Ltd. and Allied Blenders & Distillers Pvt. Ltd. are key players partaking in the growth of India’s alcohol market.

Meanwhile, the consumption of alcohol will witness a considerable dip in India’s northern and eastern zone. Even still, a majority of alcohol manufacturers & suppliers in India are originating from New Delhi. Companies such as Carlsberg India Pvt. Ltd., SOM Distilleries & Breweries Group, Radico Khaitan Limited, Globus Spirits, and Jagatjit Industries Ltd. are based in and around the country’s capital. Shimla’s Mohan Meakin Ltd. and Daman’s Khemani Group are also recognised as some of the leading alcohol manufacturer in India.

The key segments covered in this report are:

By Type

• IMFL
  • Brandy and Cognac
  • Rum
  • Whiskies
  • White Spirits
  • Others
• Beer
  • Mild
  • Strong
• Wine
  • Red Wine
  • White Wine
  • Rose Wine
• Country Liquor

By Make

• Imported Liquor
• Indian Made Foreign Liquor
• Foreign Liquor Bottled in India
• Indian Made Indian Liquor

By Gender

• Male
• Female

By Ingredients

• Grains
• Molasses
• Fruits and Vegetables

By Distribution Market

• Government Controlled
• Open Market
• Auction Market

By Region

• South Zone
• North Zone
• East Zone
• West Zone

Over 90% of Indian Alcoholics are Men

Among every ten alcohol consumers in India, nine of them will most probably be men; leaving a slight chance that the tenth one is a woman. With more than 90% stake in India’s alcohol revenues, the country’s men will be offering over INR 4.7 trillion for consuming alcohol by the end of 2026. Likewise, Indian women are also likely to increase their contribution to the Indian alcohol market. During the forecast period, revenues accounted by sales of alcohol to Indian women will have soared at the fastest pace, registering a stellar CAGR of 8.6%.

Consumption of alcohol containing molasses as key ingredients will remain higher in India. Grains will also serve to be a preferred raw ingredient used for producing alcohol in India.  Although, production of alcohol through agricultural produce such as fruits & vegetable will remain negligent till the end of 2026. The report also anticipates that consumers will be more inclined towards buying Indian-made liquor – regardless of it being a foreign or Indian brand. Consumption of foreign liquor bottled in India is also likely to grow, but showcasing a marginal degree of increment.

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Reasons to Buy the report

• The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
• We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
• Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

A new research report from Future Market Insights reveals that the global market for specialty malts, which is currently valued at an estimated US$ 2.16 billion, is expected to soar at a steady CAGR of 6.4% and bring in revenues worth over US$ 4 billion by 2026 end.

In parallel with the rise in global consumption of alcoholic beverages, local entrepreneurs from all corners of the world have begun treading the waters of brewing businesses. A considerable rise in the number of microbreweries being set up across the globe is stimulating the growth in consumption of specialty malts – a key ingredient for making alcoholic beverages such as beer. Innovations in brewing techniques has further consolidated the application of specialty malts in production of flavoured alcoholic beverages.

Since the growth in demand for specialty malts continues to remain contingent upon global alcoholic beverage consumption, more than one million tonnes of specialty malts are anticipated to be consumed through 2026. Incidentally, this will also shore up the global production of barley, wheat, corn, soybean and other grains used for deriving specialty malts. By lending a unique flavour, texture, and colour, the application of specialty malts continues to gain significance in production of beverages, revenues from which will impose nearly 90% share on global specialty malts market value throughout the forecast period. The research reveals that revenue share of alcoholic beverages in the global specialty malt market will remain consistent at nearly 82% through 2026. Meanwhile, about 130,000 tonnes of specialty malts were globally consumed for production of non-alcoholic drinks & beverages in 2016.

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Western Europe – Largest Consumer of Specialty Malts

When it comes to consuming flavoured alcoholic beverages, consumers in Western European countries such as Germany, France or Belgium will certainly not shy away. By the end of the forecast period, more than 500,000 tonnes of specialty malts will be consumed across Western Europe, making it the largest consumer of specialty malts in the world. With respect to production, the demand for specialty malts will register stellar growth in the Asia-Pacific excluding Japan (APEJ) region. The APEJ specialty malts market will register the highest value CAGR of 7.8%, and procure over US$ 1 billion revenues during the projected period. North America and Latin America are anticipated to account for a collective share of more than 24% in global specialty malts revenues through 2026.

Cargill, Inc. – Largest Producer of Specialty Malts

With more than 10% share in global revenues, Cargill Incorporated will retain its title as the largest producer of specialty malts in the world. With its manufacturing plants based in Germany, the company will also boost the status of Western Europe in the global specialty malts market. Joining Cargill in inducing higher production of specialty malts are prominent European companies, namely, IREKS GmbH, Viking Malt Oy, Groupe Soufflet, Malteurop, Axereal and Simpsons Malt Limited. Other key producers of specialty malts profiled in the research report include Australia’s GrainCorp Ltd., the Cooperative Agraria Agroindustrial of Brazil and Barmalt India Pvt. Ltd.

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In the report, titled “Specialty Malts Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” Future Market Insights discloses that global demand for caramelised malts will incur a decline in 2017 and beyond. While their dominance on global market revenues will be retained through 2026, the rate at which caramelised specialty malts are consumed in the world will be outpaced by surging consumption of roasted malts. By the end of forecast period, more than US$ 1.5 billion worth of roasted specialty malts are being projected to be sold in the world. Over two-third of global specialty malts production will be sourced from barley grain produce. Although, advancing farming techniques will also increase the production of specialty malts from wheat and rye grains. Likewise, dry extracts of specialty malts will dominate the global specialty malts revenues by accounting for a steady share of 69%. On the other hand, liquid and malt flour extracts will lose market presence in the years to come, exhibiting a marginal dip in their global revenue share.

As per a reseaech analysis by ESOMAR-certified consulting firm Future Market Insights (FMI), the global carrageenan gum market is expected to reach US$ 881.6 Mn in 2021. Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food & beverage will facilitate growth, with the market expanding at 4.30% CAGR through 2031.

Sales of carrageenan gum decline in 2020 due to the onset of the coronavirus outbreak. However, as per FMI’s analysis, the market experienced y-o-y growth of 4.10% between 2020 and 2021.

Being a plant-based emulsifying agent, carrageenan gum is finding applications in the cosmetic industry. Growing consumers’ preference for natural ingredients in skincare and personal care products will further create growth prospects in the market.

Besides this, carrageenan gum-based biomaterials are increasingly being incorporated with pharmaceutical formulations to develop nanomaterial drug-delivering agents such as nasal sprays, thereby driving sales.

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Additionally, rising demand for dairy products and processed meat products in countries including the U.S., the U.K., China, and India is creating lucrative opportunities for market players to launch innovative products in the market.

“Increasing applications of carrageenan in the food & beverage industry, coupled with research and development for sustainable products will enable growth in the market during the assessment period,” says the FMI analyst.

Key Takeaways from the Carrageenan Gum Market Survey

• Food & beverage sector is anticipated to account for the maximum revenue share in the market.
• The U.S. market is anticipated to exhibit high growth owing to the presence of some of the leading cosmetics and food companies.
• Increasing meat consumption in China will augment the carrageenan gum market growth.
• The U.K. will emerge as a lucrative market, due to expansions in the cosmetic industry and increasing investments in research and development for product innovations.

Competitive Landscape

CP Kelco ApS, Marcel Carrageenan Corporation, FMC Corporation, E. I. du Pont de Nemours and Co., Extractos Naturales Gelymar S. A., Ingredients Solutions, Inc., Kerry Group, Cargill, Incorporated, Altrafine Gums, and W Hydrocolloids, Inc. are among the leading players operating in the carrageenan gum market as profiled by FMI, accounting for 20-40% of the total market share.

Prominent growth strategies adopted by leading players include expansions in distribution networks, mergers, collaborations, and acquisitions. Production facility expansions to cater to the increasing demand from end-use industries will continue gaining significance during the forecast period. For instance:

• In July 2021, global leader in nature-based ingredient solutions CP Kelco extended its distribution relationships with Azelis to expand its product portfolio in the Netherlands. Effective August 1^st, Azelis will distribute CP Kelco’s products in the Netherlands as a part of continuously developing collaboration between both companies.
• In July 2021, Kerry Group acquired Hare Topco Inc, operating as Niacet Corp., in a U$ 1.01 Bn deal, strengthening its food preservation and preservation strategies for better positioning in the market.

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More Insights into the Carrageenan Gum Market Report

In its latest report, FMI offers an unbiased analysis of the global carrageenan gum market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application type (food & beverages, personal care, and toiletries, pharmaceuticals, feed, and pet food), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).