Fish Based Pet Food Market Anticipates USD 16.7 Billion Milestone with 5% CAGR by 2033

Fish Based Pet Food Market

The fish based pet food market is registering a valuation of US$ 1.4 billion in 2023 and is projected to reach US$ 16.7 billion by 2033. The market is capturing a CAGR of 5% during the forecast period.

How Top Countries Are Uplifting the Global Market Size?

Developing and developed countries such as India, Japan, the United Kingdom, and Germany are estimated to fuel the global market by 2033. The rising demand for pet adoption, growing disposable income, and growing pet food awareness are capturing huge market growth. The growing consumer’s preference for high-quality pet food, sustainability-source fish-based cat food is growing the market size.

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The United States is dominating the global market by registering a share of 25.3% by 2033. The increasing number of pet owners, growing trends of pet humanization, and increasing adoption of nutritious pet foods are boosting the market growth. Around 67% of households in the United States are adopting pets, including cats, dogs, birds, and others.

These factors capture huge revenue in the United States market during the forecast period. The present key players are launching novel products to upsurge the market growth. The prominent key players in the global market include Pacific Bio Products, Purina, Freshpet, JustFoodForDogs, Mars Inc, and others.

These players boost sales through distribution channels, such as supermarkets, online retailers, suppliers, etc. These players can enhance their reach through distribution networks to meet relevant customers. These players are researching to develop innovative products in the global market.

Stringent Regulations Decline the Global Market Size

The market has several restraining factors that may limit the global market size. With the increasing consumer demand for alternative options such as vegan and plant-based pet foods, the market growth is declining. On the other hand, the lack of raw material supply and unavailability of pet foods are also declining the market growth.

The rising overfishing and advanced competitors’ strategies are other factors that may face challenges in the market growth. These are a few factors that can limit the global market growth.

Key Takeaways:

  • The fish based pet food market is securing a CAGR of 5% with a valuation of US$ 16.7 billion by 2033.
  • Historically, the market captured a valuation of US$ 9.1 billion in 2018.
  • The United States is estimated to register a share of 25.3% in the global market by 2033.
  • Germany is securing a share of 5.6% in the global market during the forecast period.
  • With a share of 4.0%, Japan is capturing a significant driving of the global market share.

Recent Developments in the Global Market are:

  • In 2021, Mars Inc announced its huge investment of US$ 200 million to expand the Royal Canin plant. This investment took place to add new corporations to enhance the production capacity.
  • In 2020, Nestle Purina PetCare invested around US$ 500 million to expand its business in Georgia.

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Fish-Based Pet Food Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Dry
  • Wet
  • Treat & Chews

By Pet Type:

  • Cat
  • Dog
  • Birds

By Packaging:

  • Pouches
  • Bags
  • Folding Cartons
  • Tubs & Cups
  • Can

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Analyzing the Expansion of the Fermented Flavors Market: Forecasted Growth to USD 10.9 Billion by 2033 at a 5.2% CAGR

The global fermented flavors market is worth USD 6.6 Billion as of now and is expected to reach USD 10.9 Billion by the year 2033 at a CAGR of 5.2% between 2023 and 2033.

With altering dietary pattern, the fermented flavors market is expected to grow on an unprecedented note in the forecast period.

Consumers’ growing awareness regarding health advantages provided by fermented products is one of the prominent factors driving fermented flavors market. There is an ever-increasing demand for specialty food and artisanal products.

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Fermented vegetable juices are being increasingly asked for. The fragmented vegetable juices constitute floral flavors. There are also juices experimenting with herb combinations and unique spices. The detailed health benefits include boosting the immunity, repairing digestive system, and detoxification. Various ingredients are used for developing products and experimenting with novel combinations and flavors.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Fermented Flavors market’. It has its indigenous team of analysts and consultants to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With consumers preferring fermented beverages, the global fermented flavors market is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Fermented Flavors market

  • North America holds the largest market share with an ever-increasing intake of processed food coupled with demand for the fermented foodstuff with new flavors as well as nutritional value.
  • Europe is expected to grow in fermented flavors market on the back of exponential technological innovation in food processing vertical. Plus, clean-label products are being increasingly asked for along with natural additives.
  • The Asia-Pacific is expected to grow at the fastest rate in the in the fermented flavors market due to huge consumer base coupled with growing potential for food service sector in region.

Competitively Fermented Flavors

  • Foodiq, in December 2022, came up with a novel ingredient called ‘Fabea+’; which could be described as ‘fermented fava’. The company does claim that this ingredient is more sustainable, nutritious, and saleable in comparison with the other plant proteins such as oats, peas, and soy.
  • Arla Food Ingredients, in November 2022, did launch its whey-based solution abreast with Nutrilac FO-8571 and Lacprodan Hydro.365; which could be used as a substitute to protein in the high-protein fermented beverages.
  • Cellevant, in July 2022, came up with fermented turmeric ingredient that has bioactive ingredients and antibiotic properties like parabiotics and postbiotics. It finds its applications in food and nutraceuticals and EU-organic certified.
  • Balthouse Farm, in August 2022, did finalize acquiring ‘evolution fresh’ from Starbucks with the objective of strengthening leadership in the categories of refrigerated beverages and juices.

Some key manufacturers functioning in business in fermented flavours market includes

  • V8
  • Great Value
  • Balthouse Farms
  • Suja
  • R.W. Knudsen Family
  • Campbell’s
  • Juicy Juice Lakewood
  • Biotta
  • Beetology
  • Howards and many others.

What does the Report state?

  • The research study is based on application (food, feed, pharmaceuticals, and beverages (alcoholic beverages and non-alcoholic beverages), and by type (acetic acid bacteria and lactic acid bacteria).
  • With growing demand for longer shelf life of fresh food flavors, the global fermented flavors market is expected to grow along a graceful note in the forecast period.

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Fermented Flavours Market: Market Segmentation

Based on Application:

  • Food
  • Beverages
    • Alcoholic Beverage
    • Non-Alcoholic Beverage
  • Feed
  • Pharmaceutical

Based on Type:

  • Acetic Acid Bacteria
  • Lactic Acid Bacteria

Based on the Region:

  • North America
    • USA and Canada
  • Latin America
    • Mexico, Brazil, Peru, Chile, and others
  • Western Europe
    • Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
  • Eastern Europe
  • Poland and Russia
  • Asia Pacific
    • China, India, Japan, ASEAN, Australia, and New Zealand
  • The Middle East and Africa
    • GCC, Southern Africa, and North Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Unveiling the Rise of Frozen Egg Sales: From 6.2% Market Share to Projected USD 6,245.8 Million by 2033

The global market for frozen eggs is poised to achieve a valuation of USD 3,710 million by 2023, constituting approximately 6.2% of the total global egg market value. According to the FMI market analysis, the sector is expected to grow at a compound annual growth rate (CAGR) of 6% from 2023 to 2033, projecting a market worth of USD 6,245.8 million by the conclusion of this forecast period.

It is anticipated that over the forecast period, premium frozen eggs could see an increase in demand due to an increase in consumer spending power around the world. To accommodate shifting consumers’ demand for healthier and more convenient ways to cook, many frozen egg suppliers are developing eggs with higher quality and additives.

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Key Takeaways from the Frozen Egg Market Study Report

  • The global market is likely to capture a CAGR of 6% during the forecast period.
  • The sales of frozen eggs in the United States accounted for nearly 24.5% of the overall revenue share in 2022.
  • Germany is the leading producer and supplier of frozen eggs in Europe and contributed a global revenue share of 14.3% in 2022. France, Italy, Spain, and the United Kingdom are the other leading consumers of frozen eggs in Europe followed by Germany.
  • Currently, China holds over 55% of the East Asia market share and is further expected to follow a CAGR of 5.4% over the forecast period.
  • Among the different product types, the whole eggs segment accounted for about 31% market share, followed by egg whites.
  • Based on sources, the conventional segment accounted for 63% of the overall sales and dominated the market in 2022.

Competitive Landscape for the Frozen Egg Market Players

Ballas Egg, Cargill, Sonstegard, Ovobel, Rembrandt, Willamette, Nature-Egg, NestFresh, and Bumble are some key players in the global market. Frozen egg product makers are poised to see intense growth by targeting the functional and packaged food and beverage industries.

Leading market players are shifting toward recyclable packaging methods to meet green regulations and attract consumer attention. So, technological innovations in packaging solutions can significantly improve product quality and significantly increase sales.

Recent Developments by the Frozen Egg Industries

Eurovo Group, which is a leading company in Europe for egg products purchased James A. Smith & Sons Ltd., which is a manufacturer and supplier of egg products based in the United Kingdom in Sept 2020. This expansion was intended to boost Eurovo Group’s position in the United Kingdom egg products industry and to broaden its product offering.

Egg Innovations brand, which produces cage-free and organic eggs was acquired by Hormel Foods in May 2019. This expansion by Hormel was seen as a part of its strategy to expand its product lines in natural and organic food products.

Rembrandt Enterprises Inc. is one of the leading egg supplier companies for North America which is based in the United States.  In March 2022, it announced the acquisition of Hi-Tech Foods, which is a maker of precooked egg products and is situated in Georgia. The transaction sought to extend Rembrandt Foods’ product line and enhance its market position in the United States market.

In November 2021, Hilltop Holdings decided to acquire EggLife Foods, which is a producer of frozen egg wraps using cage-free eggs. The purchase was a part of Hilltop’s long-term strategy to expand its product line and expansion of supply chains.

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Frozen Egg Market by Category

By Product Type:

  • Whole Eggs
  • Egg Whites
  • Egg Yolk

By End Use:

  • Food Processing Industry
    • Bakery & Confectionery
    • Creamy Sauces
    • Ice cream & Frozen Desserts
    • Mayonnaise
    • Noodles & Pasta
    • Salad Dressings
    • Others
  • Food Service Providers
  • Retail/Household
    • Convenience Stores
    • Discount Stores
    • Modern Trade
    • Grocery Stores
    • Online Retail
    • Specialty Stores
    • Wholesalers
    • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Booming RTD Cocktail Market Forecasted to Achieve USD 56.65 Billion Milestone by 2034

RTD Cocktail

According to Future Market Insights (FMI), the RTD cocktail market is expected to be valued at USD 35,321.4 million in 2024 and USD 56,652.7 million by 2034. The demand for RTD cocktails is likely to increase at a CAGR of 4.8% from 2024 to 2034.

Consumers’ growing demand for ready-to-drink cocktails that save time and effort is a key factor that is boosting the RTD cocktail industry. Introducing unique flavors, combinations, and packaging is expected to fuel RTD cocktail demand during the forecast period. Innovative marketing strategies such as collaboration with influencers and celebrities employed by key RTD cocktail manufacturers are expected to boost the market.

RTD cocktail manufacturers are investing in research & development to increase brand preference and sales. This includes launching new RTD cocktail-based formulations or blends that meet specific consumer needs.

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The convenience of carrying RTD cocktails anywhere and consuming them anytime contributes to its popularity. Furthermore, the availability of RTD cocktails in several distribution channels, such as liquor stores, online platforms, and retail outlets, is expected to help boost the sales of RTD cocktails.

Continuous innovation in the market helps build a strong brand image by offering unique solutions to consumers. These innovative product launches are anticipated to propel the RTD cocktail market forward.

A Chicago-based company, Crafthouse Cocktails, for instance,  launched two new limited-edition RTD cocktails. The new flavors include Vodka Soda, Gin, and tonic, and they are priced around US$ 5.99 per can. Similarly, due to the rising demand for RTD cocktails in India, Radico Khaitan, under its vodka brand ‘Magic Moments,’ launched three new variants: cola, cosmopolitan, and mojito.

Key Takeaways from the RTD Cocktail Market Report:

  • The global RTD cocktail market is expected to reach a valuation of USD 35,321.4 million by 2024.
  • Global demand for RTD cocktails is expected to soar at 8% CAGRover the forecast period.
  • North America is projected to hold a dominant value share of 6% in the global market by 2034.
  • Germany’s market is estimated to witness a value CAGR of 1% during the projection period.
  • The market is projected to reach USD 56,652.7 million by 2034.

Competitive Landscape

Diageo plc, Pernod Ricard, Bacardi Limited, Brown-Forman Corporation, Beam Suntory Inc., and Campari Group are the key RTD cocktail manufacturers. Leading companies are directing on expanding their portfolios by launching new products. Key manufacturers use strategies such as partnerships, advertisements, agreements, acquisitions, and mergers to stay relevant in the market.

For instance,

  • In 2023, Topo Chico Spirited launched its new range of RTD cocktails.
  • In 2023, Molson Coors launched its new non-alcoholic RTD cocktail range, Roxie, to recreate the craft cocktail experience.

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Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global RTD cocktail market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the RTD cocktail market based on sales channels (on-trade/ food service, institutional sales [hospitality], retail and online retail), product type (ciders, gin, vodka, wine, whiskey, rum, hard seltzer, cocktail [bourbon, tequila]), packaging type (cans, premixed cocktail shots, bottles), and flavor (unflavored and flavored) across regions.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Market Outlook: Gelatin Substitutes Set to Grow at a 14.4% CAGR, Reaching USD 4.0 Billion by 2032

The global gelatin substitutes market is set to witness growth at a CAGR of 14.4% and top a valuation of USD 4.0 Billion by 2032. Gelatin substitutes are increasingly becoming a better alternative to gelatin products, which are obtained from animal bones along with hooves, animal skin, tendons, cartilage, and ligaments. As the vegan and vegetarian population is rising across the globe, many brands found gelatin substitutes as better alternatives to include in their products.

Agar agar stands out as the foremost alternative to gelatin in the food industry. Extracted from boiled and pressed seaweed, this tasteless gelling agent is offered in powder, flake, or bar forms. Unlike gelatin, it doesn’t need refrigeration to set and typically gels within an hour after incorporation into any recipe.

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Another popular gelatin substitute is carrageen, also known as Irish moss, derived from seaweed found in coastal waters near France, Ireland, and North America. Carrageen produces softer puddings and gels compared to traditional gelatin. On the other hand, pectin, primarily a fiber found in fruit cell walls, transforms into a gel-like substance when heated and combined with sugars and acids, serving as a thick alternative to gelatin.

Key Takeaways:

  • Based on product type, sales of agar agar are expected to remain high over the forecast period.
  • In terms of applications, demand in the food industry will continue gaining traction.
  • The U.S. will continue dominating the North America gelatin susbtitutes market, owing to high demand for vegan alternatives.
  • Japan will account for a dominant share in the East Asia gelatin susbtitutes market over the forecast period due to high production and consumption volume of agar agar.
  • Demand in the U.K. gelatin substitute market will increase at a considerable pace amid surging adoption of vegan bulking agents in food products.
  • Demand for gelatin substitutes grew at 12.7% CAGR between 2017 and 2021.

Competitive Landscape

Key gelatin substitutes brands are investing in research and development to improve their product portfolios. They are also investing in mergers, acquisitions and collaborations with food and beverage manufacturers to gain a competitive edge in the market.

NOW Foods, Tilley Company, The Agar Company (B&V SRL), AGARMEX, S.A. DE C.V., and Java Biocolloid (Hakiki Group) are expected to be the top players in the global gelatin substitutes market.

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Gelatin Substitutes Market by Category

By Product Type:

  • Agar-Agar
  • Carrageen
  • Pectin
  • Cornstarch
  • Xanthan Gum
  • Guar Gum
  • Arrowroot
  • Instant Clear Gel
  • Kudzu
  • Others

By Packaging Type:

  • Bag
  • Bottle
  • Box
  • Pouch
  • Others

By Flavor:

  • Unflavoured
  • Flavoured
    • Apple
    • Berry
    • Coffee
    • Grape
    • Raspberry
    • Strawberry
    • Vanilla
    • Watermelon

By Product Form:

  • Capsules
  • Gummies
  • Powders
  • Soft gels
  • Others

By Application:

  • Food Industry
    • Baking Products
    • Chocolate and Confectionery
    • Dairy & Desserts
    • Others
  • Pharmaceutical Industry
  • Cosmetics and Personal Care Industry
  • Dietary Supplements
  • Microbiology and Plant Propagation
  • Others

By Sales Channel:

  • B2B / HoReCa
  • B2C
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Interesterified CBE Market to See Annual Growth of 4.8%, Projected to Hit USD 401.7 Million by 2033

The Interesterified CBE Market is a rapidly evolving industry that plays a crucial role in the food and beverage sector. Interesterified CBE stands for Interesterified Cocoa Butter Equivalents, which are fats used as substitutes for cocoa butter in various applications.

The Interesterified CBE Industry is expected to secure a 4.8% CAGR from 2023 to 2033.  The market is expected to be valued at US$ 245.10 million in 2023 and projected to value at US$ 401.7 million in 2033.

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Increasing Public Understanding of Health Advantages

Consumers are becoming aware of the health benefits of interesterified fats, which has led to an increase in their demand. Interesterified fats are considered healthy than standard oils as they contain less saturated fat, cholesterol, and healthy monounsaturated and polyunsaturated fatty acids. A few market barriers to the expansion of interesterified fats over the forecasted timeframe include:

  • An increasing number of health risks associated with the usage of interesterified fats
  • A short shelf life when compared to saturated fatty acids

The emergence of replacements such as other partly hydrogenated oils is the most significant and immediate obstruction to the market’s growth.

Food processing accounts for around half of the overall demand for interesterified fats and is expected to play a key role in market development in the coming years. Food processing industries have a low demand for interesterified fats per unit of the final product, but their total sales of finished products are significant.

Interesterified oil is created by altering fatty acids through a chemical reaction that causes the fatty acid chain to rearrange. This reduces the melting point and rancidity of the oil, making it low in fatty acid concentration and greatly enhancing its functioning. It is widely utilized in the food sector as a frying and baking agent, and it is quite safe for cardiac patients to consume.

The interesterified oil market has acquired significant traction in the modified fats and specialty oils business, owing to its health benefits. Because of its widespread use in nutritional beverages for patients experiencing involuntary weight loss and recovering from sickness, beverages are projected to drive the expansion of the interesterified oil industry.

Key Points from the Interesterified CBE Market

  • The market is expected to surpass US$ 245 million by 2033.
  • The industry is being boosted by investment in creating new technologies to modify the structures of lipids that are favorable for human consumption.
  • Interesterified CBE market is expected to secure a CAGR of 4.8 % during the forecast period.
  • North America dominated the interesterified CBE Industry.

Key Developments in the Interesterified CBE Market

  • January 2023 – BASF and Cargill expanded their partnership to deliver high-performance enzyme solutions to animal protein producers across the United States.
  • May 2021 – ADM funded almost USD 350 million to construct a soybean crushing facility in North Dakota, United States. The plant is expected to be completed and operational by 2023. Soy crushing, oil refining, and soy-related product processing are among the plant’s functions.
  • November 2021 – Cargill invested around USD 35 million to expand the Malaysian vegetable oil production facility. The plant has dry palm fractionation capabilities, allowing it to produce specialty fats for chocolates, coatings, and spreads.
  • December 2021 – Fuji Oil formed FII with one of its subsidiaries, Fuji Specialties Inc., and ITOCHU International Inc. The primary goal of this collaboration is to grow the vegetable oil industry in North America. The joint company distributes raw materials, and manufactures, and sells fats and oils throughout North America.
  • December 2018 – Richardson International bought Conagra Food Inc.’s Wesson Oil brand, an iconic edible oil brand in the United States. Richardson’s product range comprises vegetable oils, canola oils, corn oils, and mixed oils, which will help the company gain a solid presence in the North American market.

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Interesterified CBE Market Key Segmentation

By Interesterification Process:

  • Chemical
  • Enzymatic

By Source:

  • Palm Oil
  • Sal
  • Illpe
  • Shea/ Shea Nut Oil
  • Kokum Gurgi
  • Mango Kernel
  • Coconut Oil
  • Sunflower Oil
  • Soybean Oil
  • Canola Oil

By End-Use Application:

  • Food Processing
  • Pharmaceuticals
  • Cosmetics and Personal Care

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Plant-Based Food Colors Market to Reach USD 17.9 Billion by 2034

The global market for plant-based food colors industry is estimated to be worth USD 10.7 billion by 2024. It is projected to reach USD 17.9 billion by 2034, reflecting a CAGR of 5.5% over the assessment period 2024 to 2034.

Plant based food colors are produced using natural plant-based materials. Plants contain many color pigments like which are responsible for the vibrant colors of fruits, flowers and leaves. There are different pigments such chlorophylls (green), carotenoids (yellow and orange), anthocyanins (blue, red), flavonoids and many other.

These natural food colors derive from plant-based sources such as carrot, beetroot, turmeric, and kale, among others.

Increased sales of plant-based food colors reflect a growing consumer preference for natural and organic food products, driven by health-conscious choices.

In recent years, a significant number of people have transitioned to vegetarian and vegan diets, which has in turn boosted the demand for plant-based food colors.

The rising consumption of clean-label products and a growing preference for environmentally friendly options are also contributing to this increased demand.

The plant-based food colors market is experiencing substantial growth as manufacturers utilize various plant-based materials to create visually appealing food colors. With ongoing efforts to discover new plant sources for vibrant color shades, the food and beverage industry is seeing a heightened demand for innovative plant-based food colors.

Plant-based food colors are derived from natural ingredients such as kale, carrot, and beetroot. The growing awareness of the advantages of these natural colors, along with the health risks associated with synthetic alternatives, is driving their increasing market share.

As health consciousness rises and consumers favor environmentally friendly products, the demand for plant-based food colors is expected to grow during the forecast period.

These natural colors are known for being non-toxic or less toxic compared to synthetic options, causing fewer side effects, and are also seeing a gradual increase in therapeutic applications.

Enhancing Color Extraction by Supercritical Fluid Extraction (SFE) Technology

The market for plant-based food coloring is growing very fast at present, primarily on account of increasing demand from the consumption side towards natural and clean-label products. SFE is a green and economical route for extracting natural colorants with quality close to that of plant sources, and this would be in high demand for cater for this growing demand from the food industry.

It uses supercritical carbon dioxide (CO2) as the solvent and is non-toxic, non-flammable, and environmentally friendly. Particularly, selective extraction of bioactive compounds such as pigments, like carotenoids and anthocyanins, from various plant materials can be performed, without employing harmful organic solvents.

Competition Outlook

The market for plant-based food colors is very dynamic and highly competitive. However, among the key players are Givaudan (Naturex), Sensient Technologies, and Chr. Hansen Holding.

They are strong investors in research and development, which has been driving innovation in sustainable, high-performance plant-based color solutions. The focus on advanced extraction technologies and environmentally friendly production methods keeps companies afloat above the competition.

To increase market coverage as well as secure a continuous supply of raw materials of adequate quality, companies pursue their strategies in the form of vertical integration and strategic acquisitions.

Givaudan, for example, consolidated its market position by taking over smaller companies dealing with natural ingredients for food color, thereby increasing its portfolio and making its supply chain more efficient. Likewise, Chr. Hansen has positioned itself on the regional dimension by focusing on local agricultural producers to better penetrate the consumer demand of certain regions.

For instance

  • In 2024, GNT Group launched a new series of EXBERRY® plant-based colors specifically designed for high-temperature applications like baked goods and confectionery to respond to the increasing demand for versatile, heat stable solutions.
  • Sensient Technologies launched in 2023 its first commercial color line based on pH-stable anthocyanin, designed for beverages and dairy with vivid, natural hues and compatibility with different formulations.

Leading Brands

  • Givaudan (Naturex)
  • Sensient Technologies
  • Chr. Hansen Holding
  • Symrise AG
  • ADM (Archer Daniels Midland)
  • BASF SE
  • GNT Group
  • Döhler Group
  • Kalsec Inc.
  • Roha Dyechem
  • Synthite Industries
  • Kancor Mane
  • Guangzhou Qianyi
  • Qingdao Scitech
  • GreenEx Food
  • Plantae Biosciences
  • AmiNova (Skretting)
  • MiAlgae
  • NaturAlgae
  • Cargill
  • BioMar
  • Alltech
  • Waterbase Ltd.
  • Avanti Feeds
  • Others

Key segments profiled in the Plant based Food Colors Market

By Type:

  • Carotenoid
  • Anthocyanin
  • Chlorophyll
  • Annatto
  • Paprika Extract
  • Spirulina Extract
  • Turmeric
  • Beet
  • Others

By Application:

  • Bakery & Confectionery Products
  • Beverages
  • Packaged Food/Frozen Products
  • Dairy Food Products
  • Others

By Form:

  • Liquid
  • Powder

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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RTD Canned Cocktail Market to Achieve 6% CAGR Growth by 2033, Says Future Market Insights Inc.

RTD Canned Cocktail

RTD canned cocktail market was estimated at US$ 18.098 billion in 2022. RTD canned cocktail market to register a CAGR of 6% from 2023 to 2033. According to estimates, the RTD alcoholic beverages market may reach US$ 18.822 billion in 2023 and US$ 33.247 billion by 2033.

RTD canned cocktail market is driven by rising demand for flavored beverages with low alcohol content due to increasing health concerns. RTD alcoholic beverages market conditions have improved as a result of the pandemic.

The elements causing the surge in demand are the development of at-home cocktail culture, rising health concerns, and the improved quality and variety of RTD cocktails.

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Investment Opportunities in the Market

The market is driven by an increase in demand for flavored drinks with low alcohol content due to growing health concerns. Moreover, this industry is flourishing notably because of its busy lifestyles and the abundance of RTD canned cocktails that are flavored with various flavors.

Market developments include a significant shift to RTD cocktails as a substitute for wine and spirits. Increased premiumization of the product with high taste, quality, container design, and flavors is also a market trend.

RTD canned cocktail industry is positively impacted by the e-commerce industry expansion, rising consumer awareness of low-alcohol beverages, and rising online sales.

RTD canned cocktail manufacturers have huge prospects over the projection period thanks to convenient package design.

High charges and taxes as well as health problems linked to alcohol consumption are the variables impeding market expansion. The RTD alcoholic beverages market is likely to face difficulties related to cultural and religious views in various countries.

Sales Channel Insight

By 2023, retail accounted for the majority of revenue in the RTD canned cocktail market. The segment maintains dominance due to the high consumer preference for purchasing grocery products from supermarkets and convenience stores.

Grocery stores are an important distribution channel. Local grocery stores and national chains such as Kroger in the United States are part of the mainstream grocery distribution platform.

Supermarkets and hypermarkets take large orders than grocery stores.

From 2023 to 2033, the online retail segment is anticipated to expand at a 14.4% CAGR. This sector covers company websites as well as e-commerce platforms where their products are offered.

Companies have begun to provide products through the online platform as consumer interest in it has grown.

Regional Insights

  • North America dominated the market and held a considerable revenue share in 2023, and it maintains its dominance. The RTD canned cocktail market is driven by increased demand for vodka and whiskey-based beverages.
  • The United States accounts for the leading share in 2023 due to increased customer demand for flavors and shifting tastes. The low alcohol level and low price of these cocktails are fueling their popularity among local customers.
  • The demand for high-quality cocktails expanded in Asia Pacific, with a CAGR of around 14.9% because of the influence of Western society.
  • Other key variables boosting product demand are changing lifestyles and increased alcohol usage for the RTD alcoholic beverages market. These beverages are an excellent alternative for young customers due to their convenience and reduced price compared to cocktails in bars.

Key Takeaways:

  • Between 2023 and 2033, the United States ready-to-drink canned cocktail market may gain a 31% market share.
  • Germany’s ready-to-drink canned cocktail market is expected to hold a 15% share from 2023 to 2033.
  • During the anticipated time frame, Japan’s ready-to-drink canned cocktail market is projected to gain a 2.6% market share.
  • From 2023 to 2033, Australia’s ready-to-drink canned cocktail industry may hold 1.5% of the global market share. China’s RTD alcoholic beverages market is anticipated to thrive at a 6.4% CAGR between 2023 and 2033.
  • India’s ready-to-drink canned cocktail market is anticipated to expand at a CAGR of 8.7% during the anticipated period.
  • From 2023 to 2033, the United Kingdom’s ready-to-drink canned cocktail market is projected to secure a 7% CAGR.
  • Cider may acquire a market share of 23% in the product type category in the RTD alcoholic beverages market throughout the anticipated period.
  • Between 2023 and 2033, the natural or unflavored flavor segment in the ready-to-drink canned cocktail market is likely to grab a market share of 34%.
  • The retail sector to hold a 63% market share in the sales channel category of the ready-to-drink canned cocktail market from 2023 to 2033.

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Key Segments

By Product Type:

  • Cider
  • Gin
  • Vodka
  • Wine
  • Whiskey
  • Rum
  • Hard Seltzer
  • Cocktail

By Flavor:

  • Natural/Unflavored
  • Flavored

By Sales Channel:

  • On-trade/Food Service
  • Institutional Sale
  • Retail
    • Hypermarket/Supermarket
    • Convenience Store
    • Specialty Stores
    • Liquor Shop/Beverage Exclusive
    • Airport Retail
  • Online Retail

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Expanding Opportunities: Frozen Vegetable Market Predicted to Surge at 6.0% CAGR by 2034

The global frozen vegetable market size is estimated to be worth USD 53,830.60 million in 2024. The demand revenue of frozen vegetables is projected to surge at a CAGR of 6.0% between 2024 and 2034. Sales of frozen vegetables are anticipated to achieve a valuation of USD 96,451.80 million by 2034.

Customers’ increasing preference for frozen vegetables and the booming knowledge about the experience of nutritional value foster the frozen vegetable market growth. This is because some nutrient-rich seasonal vegetables freezing provides their access all year round.

The frozen veggies market is anticipated to develop due to growing disposable incomes and the expanding availability of frozen vegetables. The frozen vegetable industry is also augmenting due to quick changes in eating habits and lifestyles and the speedy establishment of several major retail chains.

Gain Strategic Insights into Industry Trends of Frozen Vegetable Market Request Your Sample Report

Restaurants and cafes are turning to frozen vegetables to satisfy the need for distinctive dishes due to the prevalence of eCommerce and online delivery services bolstered by a fast-paced lifestyle. This scenario supports growth in the frozen vegetable market.

The high price is a significant deterrent to the frozen vegetable industry. Price-conscious consumers choose fresh vegetables over frozen vegetables. The price difference is due to the costs of processing, freezing, and packing techniques to preserve the nutritional values and vegetable qualities.

Regional Outlook

Asia Pacific’s consumption of frozen vegetables is rising due to rising urbanization and evolving eating habits. The frozen veggies market is experiencing growth in this region due to consumers’ desire for convenient and quick meals.

Europe’s frozen vegetable market expansion is linked to the trend toward sustainable eating and growing health consciousness. The desire for seasonal produce throughout the year surges the demand for frozen vegetables as a multipurpose kitchen necessity in this region.

Consumers ‘ need for convenient meal solutions and busy lifestyles prompted the substantial market expansion of frozen vegetables in North America. The growing popularity of online grocery shopping and eCommerce platforms has accelerated frozen vegetable sales and accessibility in this regional market.

Key Takeaways 

  • The broccoli and cauliflowers segment in the vegetable type category is predicted to acquire a share of 17.7% in 2024.
  • In the nature category, the conventional segment is envisioned to possess a share of 83.5% in 2024.
  • The India frozen vegetable market is anticipated to strengthen at a CAGR of 7.6% between 2024 and 2034.
  • Frozen vegetable sales in China are expected to thrive at a CAGR of 7.0% through 2034.
  • Japan’s frozen vegetable industry is likely to develop at a CAGR of 6.1% between 2024 and 2034.
  • The Germany frozen vegetable industry is envisioned to accelerate at a CAGR of 5.6% from 2024 to 2034.
  • Sales of frozen vegetables in the United States are anticipated to flourish at a CAGR of 5.0% through 2034.

Competitive Landscape

The market seems more cohesive, comprising international and regional frozen vegetable manufacturers. The dominant frozen vegetable producers compete on various factors like product launches, mergers, acquisitions, and others to gain a competitive edge. Crucial frozen vegetable vendors recognize opportunities for growth due to customer demand for nutrient-rich seasonal vegetables throughout the year.

Noteworthy Developments

  • SunOpta, a United States-based global pioneer in sustainable, plant- and fruit-based food and beverages, launched its new 65,000-square-foot global headquarters and eco-powered research center in Eden Prairie, Minn., in April 2022.
  • Del Monte Foods, Inc., committed in April 2022 to achieving net-zero emissions by April 6, 2050. To support SBTi’s focus on limiting the rise in global temperatures to 1.5°C, the firm has committed to setting short-term science-based goals to reduce carbon emissions from Scopes 1, 2, and 3.

Rominent Frozen Vegetable Manufacturers

  • Amy’s Kitchen, Inc.
  • Ardo N.V.
  • Bonduelle SCA
  • Bellisio Foods, Inc.
  • Conagra Foods, Inc.
  • Arena Agroindustrie Alimentari SPA
  • Findus Group
  • Goya Foods, Inc.
  • H.J. Heinz Company
  • Iceland Foods Ltd
  • General Mills Inc.
  • Nestle
  • Kellogg Co.
  • B&G Foods, Inc.
  • Aryzta AG
  • Flowers Foods
  • Others

Gain Exclusive Access to Growth Strategies in Frozen Vegetable Market Grab Your Essential Report

Key Segments

By Vegetable Type:

  • Broccoli and cauliflower
  • Green Peas
  • Asparagus
  • Mushrooms
  • Spinach
  • Corn
  • Green Beans
  • Others

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food Service Industry
  • Retail Customers

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Grocery Stores
    • Online Retailers
    • Other Channels

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Clean Label Flour Market Expansion: Projected Growth to USD 5.9 Billion and 7.0% CAGR Through 2033

The clean label flour market is expected to thrive at a CAGR of 7.0% between 2023 and 2033. The market is anticipated to cross a valuation of USD 5.9 billion by 2033, while it is likely to be valued at USD 3.7 billion in 2023.

–         The rising demand for organic raw food materials along with the wide range of applications like clean label baking are flourishing the demand for clean label flour. Furthermore, gluten-free applications are also gaining traction in the market

–         The thickening and stabilizing usage of clean label flour in different food items and soups and purees also make it the first choice for the users.

– Its application as an emulsifying and bonding agent increases its utility in FMCG and confectionery clean-label flour gels well with bakeries that ensure 100% organic and no artificial preservatives, colors, or flavors. This way, it garners growth for other clean label food products.

–         The clean-label flour vendors customize the product for different applications such as texturing. The rising demand for sugar-reduced dough that holds a controlled structure is heavily contributing to the clean label flour market.

–         The increased trend of adopting minimally processed ingredients that are healthy, simple, and more familiar is gaining traction for all clean label ingredients. Though the high clean label flour price might limit the market growth.

Explore Industry Trends and Developments in Clean Label Flour Market Request Your Sample Report

Key Points

  • The United States market is likely to lead the clean label flour market in terms of market share and CAGR. The market is expected to thrive at a CAGR of 6.5% between 2023 and 2033. The market growth is attributed to the rapidly growing baking industry along with the high demand for healthier food materials. The regional market is likely to cross a value of US$ 875.0 million by 2033.
  • The Spanish clean label flour market is another significant one. The regional growth is attributed to the higher tourist footfall with famous bakery-based outlets like pizza café and restaurants all around the place. The regional market is anticipated to thrive at a CAGR of 5.9% during the forecast period, while it is expected to hold a value of US$ 315.0 million by 2033.
  • The wheat segment is likely to thrive in the product type category as it is expected to record a CAGR of 4.0% during the forecast period. The growth is attributed to factors like enhanced texturing, while being highly consumed in some parts of the world.
  • The bakery segment is expected to top the application type category as it is anticipated to register a CAGR of 6.3% between 2023 and 2033. Consumers demanding organic and clean label food products in their bakery food items are contributing to the segment’s growth.

Competitive Landscape

The key market players work on the customization process to make the product healthy and application-specific. Key players also focus on keeping organic and healthy elements high in their clean-label products.  Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

The key players in the market are Ardent Mills, Ingredion Incorporated, Arrowhead Mills, Groupe Limagrain, Codrico Rotterdam B.V., Siemer Specialty Ingredients, Kerry Group, Cargill, Inc., Grain Craft, Inc., Hodgson Mill, and Wheat Montana Farms.

Recent Market Developments

  • Ardent mills have introduced its simply milled all-purpose flour that is organic and can be used for different food applications. The company addressed the food safety questions through its safeguard flour and safeguard treatment delivery system.
  • Ingredion Incorporated has added new functional flour for different applications. These include pulse flour, rice flour, and tapioca flour. While pulse flours are protein-rich, gluten-free flours, rice flours are natural and organic.

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Key Segments

Product :

  • Wheat
  • Corn
  • Rice
  • Coconut
  • Rye
  • Others

Application:

  • Bakery Products
  • Pasta and Noodles
  • Baby Foods
  • Soups
  • Sauces
  • Gravies

End User:

  • Food Industry
  • HoReCa / Foodservice
  • Retail Sales

Sales Channel:

  • Direct Sales/B2B
  • Indirect Sales/B2C
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mass Grocery Retailers
    • Food and Drink Specialty Stores

Online Retailing

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube