Market Research Blog – Page 1861 – New Product Development

Global Organic Spices Market Projected to Grow at 4.5% CAGR, Exceeding USD 17 Billion by 2033

The organic spices market is likely to thrive at an average CAGR of 4.5% between 2023 and 2033. The market is anticipated to cross a share of US$ 17.0 billion by 2033 while it is anticipated to be valued at US$ 10.9 billion in 2023.

The wave of organic food items including spices being in trend is fueling the sales of organic spices in the marketplace. Furthermore, the fresh flavors with no chemicals mixed are liked by the end-users.
Expanding restaurant and hotel businesses with changing tastes and enhanced culinary flavors are creating a high demand for organic flavors as they enrich the food.
The government’s support of organic farming and organic products for the better health of its citizens leads to soil-friendly agricultural practices. Thus, business enthusiasts adopt organic spices.
Extensive research and development programs along with social media influences are thriving the sales of organic spices. Furthermore, the conservation of rare spices through organic farming is fueling the demand for organic spices.
Higher consumption of food items like soups, sauces, condiments, and dressings requires fresh spices like pepper and cumin. Therefore, the demand for organic spices is expected to rise in the future.

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Key Points

The United States market leads the space in terms of market share and CAGR. The market is anticipated to cross a value of US$ 3.4 billion by 2033. The regional market is expected to thrive at a CAGR of 4.3% between 2023 and 2033. The growth is attributed to the expanding restaurant businesses, growing organic farming, and frequent social media trends.
The Chinese organic spices market is another significant market in the Asia Pacific. It thrives at a CAGR of 3.9% during the forecast period. The market is likely to reach a value of US$ 2.4 billion by 2033. The excessive growth is attributed to the famous Chinese cuisines requiring fresh spices and conventional spice farming methods.
Powder and granules are likely to thrive in the form category as it is the most common and convenient form of mixing spices in food while cooking. It is expected to thrive at a CAGR of 4.2% during the forecast period.
The direct sales segment is expected to top the distribution channel category with a CAGR of 3.8% between 2023 and 2033. The growth is attributed to easy availability and bulk consumption.

Competitive Landscape

The key competitors are focused on increasing the organic content while expanding the distribution channels. Key competitors also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market are SunOpta Inc., Organic Spices Inc., Live Organics, Unilever, and S&B Foods Inc.

For Instance:

SunOpta Inc. has introduced its agreement to sell its global ingredients segment to Amsterdam commodities. The company is likely to participate in the 25^th annual ICR conference.
Organic Spices Inc. has started producing organic spices through different procedures like steam treatment, and dry heat methods. The company also works on renewable energy and green business model.

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Key segments

By Product Type:

Ginger
Turmeric
Basil
Cumin
Cinnamon
Clove
Pepper
Garlic

By Form:

Powder & Granules
Flakes
Paste
Whole/Fresh

By End User:

Food
Beverage
Food Service
Retail

By Distribution Channel:

Direct
Indirect
- Store-based Retailing
Hypermarket/Supermarket
Convenience Stores
Traditional Grocery Retailers
Food & Drink Specialty Stores
- Online Retail

By Region:

North America
Latin America
Europe
Asia Pacific (APAC)
The Middle East & Africa (MEA)

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:

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Strategies for Seizing Growth in the Booming Dog Food Market: From Organic Trends to Tailored Nutrition Solutions

In 2023, the value of the dog food market is estimated to reach USD 45,631 million. According to Future Market Insights (FMI), global sales of dog food are expected to reach USD 81,224.9 million by 2033, rising at a CAGR of 6% throughout that time period.

Customised dog food products are becoming increasingly popular in developed countries, with the trend expected to expand to emerging economies in the future years. The demand for dog food may increase as pet owners grow more concerned about what they feed their animals.

Because pet owners like to have greater control over the ingredients used in dog food manufacture, companies and businesses that offer custom-designed and customised dog food items have a significant growth opportunity.

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Spending on pets is anticipated to increase as a result of the humanization and premiumization trends, which will help to offset the stagnant growth of the dog population in North America.

Key Takeaways:

By 2033, the dog food market in the United Kingdom is likely to expand, with a CAGR of 7.5%.
In 2022, the United States held a market share of 32% in the dog food sector.
The dog food market was significantly expanding, with a size of US$ 43,876 million in 2022.
By 2033, the dog food market in China is likely to expand, with a CAGR of 6.7%.
In 2022, Germany expanded significantly in the dog food business, with an expected share of 10%.
By 2033, India is projected to expand significantly in the dog food market, with a share of 4.5%.
In 2022, Australia developed significantly in the dog food business, with an expected share of 0.5%.
Japan’s dog food industry share developed significantly, with a 0.8% share in 2022.
In 2022, the conventional segment led the market with a significant share of 75% and is likely to hold a top spot in the market, in terms of nature.
Based on the source, the animal-derived segment dominated the industry in 2022, with a share of 68.6%.

Competitors’ Winning Strategies:

Around the nation, pet owners are converting to grain- and gluten-free diets. Sales of various kinds of dog food are fueled by dog owners’ desire to provide wholesome food for their animals. This encourages the key players to develop new dog food items.

Customers are increasingly opting for clean-label goods as they seek to eliminate undesired components like heavy metals and toxins that are frequently present in pet feeds. Dog food manufacturers are likely to gain a high market share by adopting this trend.

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Recent Developments:

Nestlé Purina Petcare announced in December 2020 that it invested US$ 550 million to develop its pet food production facilities in Georgia.

In August 2022, Indian pet food company Wiggles increased its product line by introducing EveryDawg, a new brand of dog food. EveryDawg is a delicious, nutritious dry dog food that is gluten- and sugar-free and suited for all breeds of dogs.
In India, in February 2022, the Pedigree brand of Mars Petcare introduced a new line of dog treats called Ranchos. Spiral Wrap and Super Bones are the two forms in which the items are offered.

Who is Winning?

Evanger’s Dog & Dog Food Company, Inc.
NestlÃ Purina Pet Care
P&G Pet Care
Hill’s Pet Nutrition
Del Monte Pet Products
Affinity Petcare SA
Nutro Products Inc.
Unicharm PetCare Corp.
Total Alimentos SA
Nutriara Alimentos Ltda.
The J.M. Smucker Company
Dave’s Pet Food
Fromm Family Foods LLC
Boulder Dog Food Company
Real Pet Food Company Pty Ltd
Burgess Group PLC
Freshpet
Party Animal, Inc.
Rollover Pet Food Ltd.

Key Segmentation:

By Nature:

Organic
Monoprotein
Conventional

By Source:

Animal Derived
- Fish
- Chicken
- Duck
- Beef
- Pork
- Venison/Game
- Lamb
- Turkey
Plant-derived
Insect- derived
- Crickets
- Mealworms
- Black soldier flies

By Product Type:

Kibble/Dry
- Extruded
- Baked
- Coated
Treats and Chews
- Pastes
- Cremes / Cream-Snacks
- Crunchy snacks
- Chew sticks
- Tablets
- Biscuits
- Jerky
- Rawhide
Dehydrated Food
Freeze Dried Food
Freeze-Dried Raw
Wet Food
Frozen
Raw Food
Powder

By Pet Type:

Puppy
Adult
Senior

By Packaging Type:

Pouches
Bags
Can
Bottles & jars
Folding cartons
Tubs & Cups

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Unlocking Opportunities in the Booming Plant-Based Milk Market: Strategies for Capturing a USD 47.9 Billion by 2034

The global plant based milk market size has the potential to attain US$ 20.1 billion in 2024. The global sales of plant based milk accounted for US$ 16.1 billion in 2019 and is slated to acquire a valuation of US$ 47.9 billion by 2034. This escalation exhibits a surge at a CAGR of 9.1% from 2024 to 2034.

Transition in Consumer Choices with Boom in Plant Based Milk Adoption

Consumers are consuming plant-based milk more than in the early years, owing to the escalating prevalence of these products. The rise of organic beverages is amplifying as consumers look for the right blend of taste and nourishment.

Customers with lactose intolerance disorder transition towards vegan milk because of their dairy-free characteristics, escalating the plant based milk market growth. The ready-to-drink drinks contain low to negligible cholesterol and since they are low in fat, supporting consumers with weight loss and management. Vegan beverages are high in protein, minerals, and vitamins, catapulting them as a prevalent choice.

Regional Outlook

Asia Pacific prevails in the plant based milk market. Ascending disposable incomes and broadening populations in developing economies like India, China, and Japan augment the plant based milk demand in the Asia Pacific.

The demand for non-dairy milk for example almond milk, soy milk, rice milk, and other dairy substitutes in Asia Pacific surges because of the escalation in people with lactose intolerance and soaring health issues linked with toxic chemicals put in milk products. North America is a significant region for lactose-free products owing to the mass consumption of vegan items.

“The plant based milk industry amplifies with escalating consumer needs for dairy substitutes. Health awareness, environmental challenges, and food habits boost growth of the plant based milk market. Spurring advancements and product portfolios are fundamental procedures for plant based milk vendors to seize the industry share.”, remarks an FMI analyst.

Key Takeaways

The soy milk segment in the product type category to grab a share of 34% in 2024.
In the form category, the powder segment to acquire a share of 19% in 2024.
Germany vegan milk market indicates a CAGR of 11.5% through 2034.
The United Kingdom plant based milk industry reflects expansion between 2024 and 2034 at a CAGR of 10.4%.
Through 2034, China plant based drinks market show escalation at a CAGR of 5.9%.
Between 2024 and 2034, the United States plant based milk industry imply growth at a CAGR of 8.5%.
From 2024 to 2034, India plant based milk market equates at a CAGR of 9.8%.

Competitive Landscape

Prominent plant based milk providers grab capital and amplify their research and development funding for better devices to accelerate their growth opportunities. The plant based milk vendors emphasize broadening their sales and yield profits by rolling out new products globally to fulfill the elevating demand.

Noteworthy Breakthroughs

Reitan and Oatly Inc. declared the evolution of their relationship in January 2023. Reitan possesses and manages around 300 Pressbyrn and 90 7-Eleven convenience shops across Sweden. This partnership aided Reitan to expand its business and grab the attention of novel consumers.
In November 2022, The Planting Hope Company, which is a start-up launched in 2020 that makes and debuts revolutionary organic beverages, declared the introduction of Hope and Sesame’s Sesame Milk for consumers in Canada. The product was available in many foodstuffs stores and on the Amazon website in Canada.

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Key Segments

By Product Type:

The report consists of key product type like, soy milk, almond milk, coconut milk, cashew milk, hemp seed milk, rice milk, oat milk, peanut milk, pea milk, hazelnut milk, macadamia milk, and other product types (spelt milk, banana).

By Form:

Key forms present in the industry include liquid and powder.

By Category:

The market is classified into organic and conventional.

By Flavor:

The report consists of key product type like original/unflavored and flavored (chocolate, vanilla, strawberry, coconut, mocha, berry, hazelnut, and other flavors).

By End Use:

Key forms present in the industry include infant formula, dairy products (milk, cheese, yogurt, butter, spreads, ice cream, frozen dessert), bakery and confectionary, milk and milk-based beverages, and retail sales.

By Sales Channel:

The market is classified into direct sales, indirect sales (modern trade, convenience store, departmental store, traditional store, specialty store, online retailers), and other sales channel.

By Region:

Analysis of the market has been carried out in key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, and the Middle East and Africa.

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Cattle Feed Market Growth Continues, Expected to Reach USD 127.8 Billion by 2034, FMI Reports

The cattle feed market is estimated to be worth USD 83.4 billion in 2024 and is projected to be valued at USD 127.8 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 4.4%.

The growing demand for premium meat and dairy products worldwide is one of the key factors propelling the growth of the cow feed industry. There is an increasing trend toward diets high in protein as the world’s population and wealth rise, especially in emerging economies.

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Increased livestock production is required to meet the growing demand for meat and dairy products, which in turn fuels the need for effective and nutrient-rich cattle feed. The market for cow feed is expanding due to the growing need for animal protein, which is also fueled by factors like urbanization, changing dietary patterns, and the rise of the middle class.

Rising economic growth in emerging economies is linked to rising disposable incomes, which in turn drives up animal protein consumption. The market for cow feed is expanding due to this tendency, which also increases consumer demand for animal products.

Livestock farmers are becoming more conscious of the value of animal welfare and nutrition in their operations. The market is growing due to this awareness, which increases demand for premium specialty feeds that satisfy the nutritional needs of various animal growth and development phases.

Key Takeaways

From 2019 to 2023, the cattle feed market expanded at a CAGR of 4.06%.
Based on the product type, the concentrate food segment is expected to account for a market share of 43.5% in 2024.
The demand for cattle feed in Germany is predicted to grow at a CAGR of 3.5% through 2034.
In the United States, the cattle feed industry is estimated to register a CAGR of 2.8% from 2024 to 2034.
China is projected to expand by a CAGR of 2.1% between 2024 and 2034.
The cattle feed market in India is anticipated to record a CAGR of 8.2% during 2034.

“The demand for cattle feed is influenced by factors such as population growth, urbanization, disposable incomes, dietary preferences, and government policies supporting animal husbandry,” says an FMI analyst.

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Competitive Landscape

The cattle feed market has a very fragmented competitive landscape with a wide range of domestic and foreign competitors. Major businesses are concentrating on growing their product line and geographic reach to get a competitive edge in the industry.

Provider of premixes, additives, and feed solutions for cattle, pigs, poultry, and aquaculture, Nutreco is a worldwide leader in animal nutrition and aquafeed. To ensure effective and sustainable feed production methods, Nutreco provides a wide range of feed products and services designed to enhance animal health, welfare, and productivity.
A diverse agricultural cooperative, Land O’Lakes is involved in the dairy, animal nutrition, and crop inputs industries. With an emphasis on boosting productivity, profitability, and sustainability for livestock farmers, Land O’Lakes offers a broad selection of feed products, supplements, and nutritional programs for dairy and beef cattle in the cattle feed industry.

More Valuable Insights Available

Future Market Insights offers an unbiased global cattle feed market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand opportunities in the cattle feed industry, the industry is segmented based on the By Product Type (Concentrate Foods, Roughages (Pasture, Hay, Silage, Straw & Hulls, and Root Crops), and Feed Additive) Form (Powder, Textured Cattle Feed) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East, and Africa).

About Food and Beverage Team at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

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Cattle Feed Market – Key Segments

By Product Type:

Concentrate Foods
Roughages (Pasture, Hay, Silage, Straw & Hulls, Root Crops)
Feed Additive

By Form:

Powder
- Granular
- Liquid
- Cattle Cubes
- Pelleted Cattle Feed
Textured Cattle Feed

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

About Future Market Insights (FMI)

Contact FMI:

Exploring the Future of the Strapping Equipment Market: Trends, Analysis, and Forecasts

In today’s dynamic industrial landscape, the Strapping Equipment Market plays a crucial role in ensuring efficient packaging and logistics operations across various sectors. This blog delves into key trends, market analysis, and forecasts derived from the latest research data by Future Market Insights, providing valuable insights for stakeholders and businesses alike.

Strapping Equipment Market Analysis

The global market for strapping equipment is witnessing steady growth, driven by the increasing demand for secure and reliable packaging solutions in industries ranging from logistics and transportation to manufacturing and food processing. According to Future Market Insights, the market analysis reveals a robust expansion trajectory with significant contributions from technological advancements and rising industrial activities worldwide.

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Global Strapping Equipment Trends

Trends in the strapping equipment sector indicate a shift towards automated and semi-automated solutions, enhancing operational efficiency and reducing labor costs. Industries are increasingly adopting advanced strapping machines to streamline their packaging processes and ensure consistent product safety during transit.

Industrial Strapping Solutions

Industrial applications of strapping equipment encompass a wide range of sectors, including construction, automotive, electronics, and agriculture. These industries rely on robust strapping solutions to secure heavy loads, pallets, and bundles effectively, thereby minimizing the risk of damage and optimizing supply chain logistics.

Packaging Strapping Machines

The evolution of packaging strapping machines has been marked by innovations such as ergonomic designs, high-speed capabilities, and compatibility with various packaging materials. Future Market Insights highlights the growing preference for versatile and cost-effective strapping machines that meet diverse industry requirements.

Automatic Strapping Equipment

Automatic strapping equipment is gaining traction due to its ability to enhance production efficiency and reduce manual intervention. This segment is projected to witness substantial growth, driven by advancements in automation technology and the need for seamless integration into modern manufacturing environments.

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Strapping Equipment Manufacturers

Key players in the strapping equipment market are focusing on product innovation and strategic partnerships to expand their global footprint. Market leaders are investing in research and development initiatives to introduce sustainable and technologically advanced solutions that cater to evolving industry demands.

Strapping Equipment Market Forecast

Future Market Insights forecasts a positive outlook for the strapping equipment market, with a steady compound annual growth rate (CAGR) expected over the forecast period. Factors such as increasing industrialization, growing e-commerce activities, and stringent packaging regulations are anticipated to fuel market expansion globally.

Conclusion

The Strapping Equipment Market is poised for substantial growth as industries continue to prioritize efficiency, safety, and sustainability in their packaging operations. By leveraging insights from market analysis and adopting innovative strapping solutions, businesses can capitalize on emerging opportunities and navigate the evolving landscape successfully. For a comprehensive understanding of market dynamics and future trends, refer to the detailed report by Future Market Insights on the Strapping Equipment Market.

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Vegetable Carbon Market Poised for 10% CAGR Growth, Expected to Reach USD 20 Million by 2033

The Vegetable Carbon Market is experiencing significant growth due to increasing consumer demand for natural food additives and rising awareness regarding health benefits. Derived from various vegetable sources like coconut shells, wood, and peat, vegetable carbon is renowned for its natural black color and is extensively used in food and beverage products. With its application in food coloring, dietary supplements, and pharmaceuticals, the market is expected to witness continued expansion in the coming years.

The vegetable carbon market is predicted to expand at 10% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 8 million in 2023.

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The charcoal-infused food trend that started back in the historical analysis period, has now taken over restaurant owners, foodies, and Instagram users, by storm. Vegetable carbon is typically used in the food and beverage industry, specifically in confectionaries that require deep black color in desserts, ices, and confectionery.

Extended applications of vegetable carbon constitute cosmetics, pharmaceuticals, and shading agents. In countries like New Zealand, Canada, and Australia, plant-based vegetable carbon is permitted for use in the food industry.

The product gained approval as a food additive in the EU in March 2018, post which the food additive manufacturers have come into a favorable position. These manufacturers started to ramp up their production facilities to release plant-based carbon black in the market.

Vegetable carbon is a trendsetting food fad. Adding vegetable carbon infuses the dish with a unique character in terms of texture, color, and flavor. Thus, enhancing its aesthetic appeal. Gen Y, in particular, is roused by such cool and innovative food preparations. Seizing the opportunity, restaurants, cafes, and chefs are continuously experimenting with the product to introduce new food items on the menu.

In emerging markets like India, the trend is relatively new, and it is gradually growing among consumers in India. Since vegetable carbon is an acquired taste, the downstream industries must take into account not everyone may like the taste at once. However, by introducing a limited availability period for charcoal-infused food items, businesses can create buzz around the product and profit from the increased demand.

Vegetable carbon gives a good look to food items. Nevertheless, there are certain factors that the end users should be mindful about. Even though vegetable carbon is safe for consumption, it should be consumed in a prescribed quantity or as per the recipe’s requirement.

If a person is on any medication, consuming vegetable carbon can neutralize the effects of the medication. Additionally, the food additive is a good absorber and may absorb minerals and nutrients present in the food itself. Using a limited quantity of the substance could go a long way in preserving the clients of this product.

Top Highlights from the FMI’s Analysis of Vegetable Carbon Market:

In 2022, the United States gained a significant portion of 34.5% of the vegetable carbon industry.
Within Europe, Germany emerged as an important market by acquiring 16.5% of the global market.
The United Kingdom is expected to pace the marketplace at a 5.6% CAGR in an estimated period.
Japan acquired a 1.4% market share in 2022.
China is projected to impressively expand at a CAGR of 7.8% in the review period.
India, falling a little behind in terms of the CAGR of China, is projected to expand at 6.7%.
The powder form of vegetable carbon holds a substantial portion of the market, i.e., 68.4%.
Vegetable carbon finds noteworthy application in desserts. As per FMI estimates, the desserts segment acquired a 23% market share in 2022.

How are Vendors Gaining a Notable Market Share?

Operating companies in the market are researching improved ways of developing vegetable black from natural sources. Presently, the vendors offer an easy-to-use vegetable black solution. The same can be used in just about any form.

Merchants are gaining loyal customers by providing functional products for end users with simple label requirements. The enhanced color dispersion of vegetable carbon also leads to low cost-in-use for end users.

Companies are focusing on increasing their capacity to meet the increased demand for vegetable black in the market. By venturing out into emerging economies, where the consumers are less informed about the charcoal trend, companies can gain a beneficial position.

Key Companies Profiled

DDW The Colour House
Jiangmen Goody’s Food Co., Ltd.,
Bolise Co., Ltd.
Wpasta Co. LTD
Guangzhou Well Land Foods Co., Ltd.
Chr. Hansen Holding A/S,
Univar Food Ingredients
Dynasty Colourants Co., Ltd
KF Specialty Ingredients,
Hawkins Watts Australia
Holland Ingredients.
Tyson Foods Inc
Wen’s Food Group.
Muyuan Foodstuff Co. Ltd.
Santacolor
Others

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Vegetable Carbon Industry by Category

By Application:

Beverage
- Milk Drinks & Milk Alternatives
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks)
- Sports Drinks
- Coffee & Cocoa
- Tea
- Energy Drink
- Juice Based Drinks
- Flavored water
- Enhanced Water
- Sparkling Waters
Bakery, Snacks, & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies
- Biscuits & Cones
- Frosting / Icing
- Crackers & Savory Snacks
Candy / Confectionery
- Panned Candy
- Chocolate & Compound Coating
- Gummies
- Chewing Gum
- Jellies & Licorice
- Sprinkles & Sugar
- Hard Candies / Boiled Sweets
Dairy
- Cheese
- Ice Cream
- Milk Drinks & Milk Alternatives
- Pudding / Custard
- Dips & Spreads
- Yogurt
Fruit Preparations / Fillings
Meat, Poultry, Fish, & Eggs
- Casings
- Egg & Egg Substitute
- Fish / Seafood
- Jerky
- Meat Substitute
- Processed Meat & Poultry
Potatoes, Pasta, & Rice
- Pasta
- Potato Chips / Crisps
- Processed Potatoes
- Rice
Sauces, Soups, & Dressings
- Asian Sauces
- Barbecue & Steak Sauce
- Condiments
- Gravy / Dry Sauce Mix
- Marinade
- Oils & Dressings
Seasonings
- Batter
- Breading and Coating
- Bouillon / Soup Base / Stock
- Liquid Smoke
- Spice Blends / Dry Seasonings
Pet Food
- Extruded / Dry Pet Food
- Snacks / Treats
- Wet Food

By Region:

North America
Latin America
EMEAI
Asia Pacific

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.

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Pea Protein Ingredients Market Forecast to Surge at 7.9% CAGR, Reaching USD 3.4 Billion by 2033

The market for pea protein ingredients is anticipated to be worth US$ 1.6 billion in 2023 and US$ 3.4 billion by 2033. During the predicted period, pea protein ingredient sales expand at a CAGR of 7.9%.

Increasing demand for pea protein ingredients for bakery & snacks, beverages, and other food products will increase the sales in the market.

With growing trend of veganism across the U.S., India, the U.K. and Germany, consumption of plant-based protein products have surged over the past few years. On account of this, the market is predicted to surpass US$ 2.5 Bn by 2031-end.

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Historically, the market grew at a healthy 6.4% CAGR between 2016 and 2020. Increasing awareness regarding the benefits of pea protein ingredients has accelerated the sales. As it is rich in lysine and iron, consumers are increasing the consumption to reduce the risk of bone related diseases such as arthritis and others.

Apart from health benefits, sales of pea protein ingredients are expected to increase as a result of high demand among vegans. Also, the rising prevalence of cardiovascular diseases will result in higher sales of pea protein ingredients as consumers show higher inclination for healthy diet. Besides this, the demand for plant-based protein in sports nutrition will improve the sales in the pea protein ingredients market.

High prevalence of food allergies associated with meat products also is favoring the sales of pea protein ingredients. According to the National Institute of Allergy and Infectious Diseases, 12. 2 million people have food allergy, with around 8% of children and 2% of adults allergic to sea-food and meat products.

In response to this, manufacturers have increased their research and development activities to develop new product lines for pea protein ingredients. On the back of aforementioned factors, the pea protein ingredients market is poised to expand at 7.2% CAGR between 2021 and 2031.

“Growing consumer preference for natural and organic food products and increasing concerns pertaining to animal welfare are expected to boost the market. In order to cater to surging requirements, manufacturers are introducing new products, which augmenting sales in the market,” says a FMI analyst.

Key Takeaways from Pea Protein Ingredients Market Study

North America is expected to account for over 79.2% of pea protein ingredients sales, with the U.S. dominating the market on the back of rising consumption of clean label food products
The U.K. pea protein ingredients market will account for 14% of market share in 2021
China’s pea protein market will surpass US$ 64.3 Mn in 2021 on the back of growing demand for sustainable and affordable vegan protein products
In terms of product, isolate pea proteins are expected to hold the lion’s share owing to their high-quality nutrition and growing adoption among lactose-intolerant people
Sales of pea protein ingredients in bakery sector are expected to surge at 9.9% CAGR through 2021.

Key Drivers

Growing demand for plant-based products and increasing trend for vegan lifestyle will accelerate the growth in the market.
Absence of allergen properties in pea-protein ingredients as compared to other conventional plant-based proteins is expected to improve the adoption
Declining consumption of meat products due to intolerance of animal protein is likely to boost the market

Key Restraints

High cost of extraction and processing pea protein ingredients is anticipated to create the challenge for market players
Lack of processing outputs in emerging and low-income economies resulting in limited supply to hamper the sales.

Competitive Landscape

Leading players in the pea protein ingredients market are focusing on introducing new product lines in response to surging demand for clean label and non-GMO plant-based ingredients.

Also, some of the players are extensively investing in research and development activities to introduce new products in the market. Meanwhile, other players are collaborating with food manufacturers and end-users to expand their customer base. For instance:

In October 2021, Ingredion Inc., unveiled its Prista Line of pulse-based ingredient solutions. The line includes Homecraft Prista P 101 pea flour, Vitessence® Prista P 155 pea protein concentrate, and Vitessence Prista P 360 faba bean protein concentrate for plant-protein-based applications including instant and ready-to-eat (RTE) products.
In 2021, Ulrick & Shirt launched a new range of clean label, organic functional starches, and proteins.
In January 2020, Beyond Meat, a leader in plant-based meat, announced a multi-year pea protein supply agreement with Roquette, a leader in plant-based ingredients and a pioneer of plant proteins.

Some of the key players operating in the market profiled by FMI are:

A&B Ingredients Inc.
Nutri Pea Ltd.
Archer Daniels Midland Company
Kerry Group PLC.
Cargill Incorporated
The Scoular Company
Axiom Foods, Inc.
Batory Foods
PLT Health Solutions
Prinova Group LLC
Burcon Nutrascience
Cosucra Groupe Warcoing
Glanbia Plc.
Roquette Frerès SA
AGT Food & Ingredients, Inc.
World Food Processing L.L.C.
Yantai T. Full Biotech Co. Ltd.
Suzhou Wanshen Flour Products Co. Ltd.
Shandong Jindu Talin Foods Co. Ltd.
Others.

More Valuable Insights on Pea Protein Ingredients Market

FMI, in its new report, offers an in-depth study of the global pea protein ingredients market, highlighting the growth prospects of the market through 2021 and beyond. The survey reveals demand outlook of pea protein ingredients market with detailed segmentation:

By Product Type:

Isolates
Concentrates
Textured

By Application:

Bakery & Snacks
Dietary Supplements
Beverages
Meat Analogs/Substitutes
Others

By Form:

Powder
Liquid
Others

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Frequently Asked Questions

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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.

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Maximizing Returns in the Air-Dried Food Market: Strategic Insights for Tapping into a USD 146.4 Billion Industry by 2033

The air-dried food Industry is expected to be worth around USD 92.8 billion in 2022. It is expected to have generated US$ 146.4 billion by 2033, with a CAGR of 4.1% during the forecast period, 2023 to 2033. Positive market growth has been influenced by the development of improved packaging materials, such as stand-up pouches, paper packets, as well as wooden packaging.

Leading manufacturers have started using cutting-edge packaging techniques to shield their goods from contaminants that can be caused by humidity, temperature, and microbes. Packaging increases product longevity and shields it from transportation-related harm. In light of this, the growth of the packaging sector will likely lead to an increase in demand for dehydrated nutritious goods in the future years. Consumers have been choosing goods with fewer preservation agents, low fat, high nutritional value, and cholesterol during the previous several years. Growing consumer preference for nutritious product types has spurred market expansion. The nutritional content of a food is also little impacted by the air-drying procedure.

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The high vitamin A concentration in vegetables and fruits like carrots, sweet potatoes, peppers, as well as winter squash allows them to be packed while maintaining their nutritious value. A favorable view toward organically farmed food on a worldwide scale as a result of government regulations that encourage expanding domestic organic production is anticipated to boost market expansion.

Key Takeaways from the Market Study

From 2018 to 2022, the worldwide market value of air-dried food increased at a CAGR of about 2.4 percent.
Coffee beans are expected to account for over fifty percent of the air-dried food industry by 2022.
In 2022, the powders and granules sector will have a market share of 64%.
Customers prefer online platforms over supermarkets, hypermarkets, as well as convenience stores because they are less expensive and more convenient.
Air-dried food is worth $42.1 billion in the North American area.
In 2022, the United States market for air-dried foods will account for 22.1% of the global market.
The European region’s Air-dried Food market is worth 18.6 billion dollars, which represents 20% of the worldwide Air-dried Food industry.

“The market’s potential will grow as a result of increased health consciousness, evolving lifestyles, along with rising consumer willingness to spend more for convenience items. Easy availability to a wide range of packaging supplies and cutting-edge technology have increased the air-dried food industry’s potential for expansion on a worldwide scale,” remarks an FMI analyst.

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Competitive Landscape

A significant proportion of small and medium-sized enterprises contribute to the sector’s fragmentation. Product introductions and corporate expansion strategies like acquisitions and mergers are beneficial to air-dried food producers. Businesses in the air-dried food industry compete fiercely. They are focusing on capacity growth in order to gain a competitive edge in addition to partnerships and product launches.

Prominent players in the air-dried food market are:

Saraf Foods Pvt. Ltd.
Berrifine A/
La Frubense, BCFoods, Inc.
Nestle S.A.
B-B Products (Australia) Pty Ltd.
FREEZE-DRY FOODS
DMH Ingredients, Inc.
HOWENIA ENTERPRISE CO., LTD

Some key developments of the leading companies in this market are:

Ice Make Refrigeration Limited, an established manufacturer as well as distributor of refrigeration solution equipment, introduced a new food dehydration device in January 2019. It can be used to dehydrate a variety of food products.
The British biscuit producer Fox’s Biscuits announced the introduction of their new cookie line in April 2019 that includes dried raspberry along with hazelnut.
Culinary Farms, a manufacturer of dried vegetables, fruits, herbs, and spices, was purchased by BC Foods Inc. in July 2017. The previous firm was able to improve its product offering and provide the food sector with greater service thanks to this purchase.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global air-dried food market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the air-dried food market, the market is segmented on the basis of fiber by technique (hot air-dried food, freeze-dried food), product (fruits & vegetables, herbs & spices, meat & seafood, others), form (powder, granules, flakes), and end-user (processed food industry, HoReCa sector, household) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

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Paprika Color Market Expected to Grow 11% Annually, Reaching USD 251.2 Million by 2033

The paprika color market is predicted to be worth US$ 86 million in 2023 and rise to US$ 251.2 million by 2033. Demand for paprika color is expected to expand at an 11% CAGR by 2033.

The demand for paprika color, a common seasoning in vegan and vegetarian cuisine, is being driven by the growing number of vegan and vegetarian customers. Paprika is used to flavor many sauces, stews, and vegetable dishes. To provide a smokey and savory flavor to vegetarian foods, it is also used as a meat alternative.

New items including sauces, marinades, and dressings are being created using paprika as a result of improvements in the culinary world. The desire for natural and organic food items is driving growth in the paprika color industry.

The popularity of paprika color is attributed to the demand for natural food coloring, especially in the meat sector. Applications including drinks, medicines, and perfumes have shown significant growth recently, and this trend is expected to continue during the forecast period.

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Key Takeaways

By 2033, the paprika color industry in the United Kingdom is likely to expand, with a CAGR of 9.9%.
In 2022, the United States accounted for a share of 32% in the paprika color sector.
The paprika color market was significantly expanding, with a size of US$ 3 million in 2022.
By 2033, the paprika color market in China is likely to expand, with a CAGR of 5.6%.
In 2022, Germany expanded significantly in the paprika color business, with an expected share of 12.4%.
By 2033, India is projected to expand significantly in the paprika color industry, with a share of 6.9%.
In 2022, Australia developed significantly in the paprika color business, with an expected share of 0.9%.
Japan’s paprika color industry share developed significantly, with a 1.2% share in 2022.
In 2022, the conventional segment led the market with a significant share of 76%, and is likely to hold a top spot in the market, in terms of nature.
Based on the application, the beverage segment market dominated the industry in 2022, with a share of 32%.

Competitors Winning Strategies

Paprika color is a staple in many international cuisines and is essential for giving food flavor. Due to rising paprika color demand in the food sector, the worldwide paprika color industry has seen substantial growth in recent years.

By putting numerous methods into practice, such as creating strategic alliances with local players, they are also concentrating on the best possible business growth.

Due to the outstanding expansion potential brought on by the rising product demand in different regions, most of them have established their distribution networks in developing nations in Central and South America and Asia.

Recent Developments

Two new EXBERRY coloring foods were introduced by GNT Group in May 2020. These products produce vibrant orange hues in powder and oil-dispersible versions. The brand-new vivid orange goods, which are paprika and carrot, offer options for a variety of uses.
Kancor Ingredients Ltd. caused a stir in the paprika business with its most recent announcement in 2021—the launch of a new variety of paprika oleoresins made from premium Indian paprika. Due to its expertise and standing in the industry, Kancor is well-positioned to disrupt the market.

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Key Segments

By Nature:

Organic
Conventional

By Application:

Beverage
- Milk Drinks & Milk Alternatives
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks)
- Sports Drinks
- Coffee & Cocoa
- Tea
- Energy Drink
- Juice Based Drinks
- Flavored water
- Enhanced Water
- Sparkling Waters
Bakery, Snacks, & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies
- Biscuits & Cones
- Frosting / Icing
- Crackers & Savoury Snacks
Candy / Confectionery
- Panned Candy
- Chocolate & Compound Coating
- Gummies
- Chewing Gum
- Jellies & Licorice
- Sprinkles & Sugar
- Hard Candies / Boiled Sweets
Dairy
- Cheese
- Ice Cream
- Milk Drinks & Milk Alternatives
- Pudding / Custard
- Dips & Spreads
- Yogurt
Fruit Preparations / Fillings
Meat, Poultry, Fish, & Eggs
- Casings
- Egg & Egg Substitute
- Fish / Seafood
- Jerky
- Meat Substitute
- Processed Meat & Poultry
Potatoes, Pasta, & Rice
- Pasta
- Potato Chips / Crisps
- Processed Potatoes
- Rice
Sauces, Soups, & Dressings
- Asian Sauces
- Barbecue & Steak Sauce
- Condiments
- Gravy / Dry Sauce Mix
- Marinade
- Oils & Dressings
Seasonings
- Batter
- Breading and Coating
- Bouillon / Soup Base / Stock
- Liquid Smoke
- Spice Blends / Dry Seasonings
Pet Food
- Extruded / Dry Pet Food
- Snacks / Treats
- Wet Food

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.

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Exploring the PET Syrup Bottle Market: Trends, Insights, and Forecasts

In recent years, the PET syrup bottle market has witnessed significant growth, driven by the increasing demand for efficient and sustainable packaging solutions in the pharmaceutical and food industries. This blog dives into the latest trends, market analysis, and forecasts for PET syrup bottles, providing valuable insights for industry professionals and stakeholders.

PET Syrup Bottle Market Analysis

According to a comprehensive report by Future Market Insights, the PET syrup bottle market is projected to grow at a steady pace over the forecast period. This growth is attributed to the superior characteristics of PET (Polyethylene Terephthalate) material, which offers durability, transparency, and lightweight properties ideal for packaging syrups.

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Trends in PET Syrup Bottles

Trends indicate a shift towards eco-friendly packaging solutions, with PET syrup bottles gaining traction due to their recyclability and reduced environmental impact compared to traditional packaging materials. The market is also witnessing innovations in design and manufacturing techniques aimed at enhancing product safety and consumer convenience.

Global PET Syrup Bottle Market Forecast

Future Market Insights forecasts a positive outlook for the global PET syrup bottle market, with a notable CAGR expected over the coming years. This growth is driven by increasing consumption of syrups across healthcare and food sectors, coupled with regulatory support favoring the adoption of PET as a preferred packaging material.

Benefits of PET Syrup Bottles

PET syrup bottles offer several advantages, including resistance to chemical reactions, lightweight nature for cost-effective transportation, and clarity that enhances product visibility. These attributes make PET bottles suitable for a wide range of syrups, from pharmaceutical formulations to flavored syrups used in beverages.

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Sustainability of PET Syrup Bottles

Sustainability is a key driver in the PET syrup bottle market, with manufacturers focusing on recyclability and reducing carbon footprint throughout the product lifecycle. Initiatives promoting circular economy principles further bolster the adoption of PET bottles as a sustainable packaging choice.

PET Syrup Bottle Market Growth Drivers

Several factors contribute to the growth of the PET syrup bottle market, including increasing consumer preference for hygienic and convenient packaging solutions, advancements in PET manufacturing technology, and expanding applications across diverse industries.

Conclusion

The PET syrup bottle market presents promising opportunities for manufacturers and suppliers aiming to capitalize on the growing demand for sustainable and efficient packaging solutions. By staying informed about market trends, leveraging technological advancements, and prioritizing sustainability initiatives, stakeholders can navigate this dynamic market landscape successfully.

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