Market Research Blog – Page 1915 – New Product Development

Forecasting the Future Trends and Opportunities in the Clean Label Flour Market 2023-2033

The clean label flour market is likely to expand at an average CAGR of 7.0% during the forecast period. The market is expected to hold a share of US$ 3.7 billion in 2023 while it is anticipated to cross a value of US$ 5.9 billion by 2033.

The research report on the clean label flour market reveals that the dynamic food and beverage, bakery industry is opting for organic raw products. Hence, the demand for clean label flour is increasing. A health-conscious generation with dynamic eating habits is looking for transparency in ingredients that are present in the food and their effects on their bodies.

Bakeries and confectioneries are promoting a different type of organic flour bread as they promote their brand under the organic and healthy banner. The other clean label food products include butter, pastes, and vegetable. Clean label ingredients are products with simple descriptions and high organic content. The concept has penetrated the food and beverages industry as concepts like clean label baking are coined lately.

Key Players: Ardent Mills, Ingredion Incorporated, Arrowhead Mills, Groupe Limagrain, Codrico Rotterdam B.V., Siemer Specialty Ingredients, Kerry Group, Cargill, Inc., Grain Craft, Inc., Hodgson Mill, Wheat Montana Farms

Applications: Bakery Products, Pasta and Noodles, Baby Foods, Soups, Sauces, Gravies

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How is the Future Outlook (2023 to 2033) for the Clean Label Flour Market in Comparison to the Historical Pattern (2018 to 2022)

Short-term Growth (2023 to 2026): This period is expected to witness a steady growth rate in the market. Certain demographic and innovative elements of the market are likely to be dominant as a result of the subjective effects of macro- and industry-level variables. Though, the market flourished at a CAGR of 5.3% between 2018 and 2022.

Mid-term Growth (2026 to 2029): This period is likely to witness peak demand from across the end-use industry such as bakeries, restaurants, FMCG, hotels, and other food services. The expansion of the clean label flour market is being driven by an increase in people who are worried about their health and are gravitating toward healthy food products like clean label flour in their daily diet. Clean Label Flour is becoming more popular because of its all-natural and barely processed.

Long-term Growth (2029 to 2033): The market for clean label flour is expected to expand during this period as consumers become more aware of the detrimental effects on their health caused by eating certain synthetic food additives. Thus, the clean label flour market is anticipated to thrive at a strong CAGR of 7.0% between 2023 and 2033.

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Key Factors Shaping the Clean Label Flour Market

Health-concerned Individuals

Clean label flour consumption accounts for around 15-20% of global clean label ingredients consumption, with Europe and North America being the topmost customers and matured markets for ready-to-eat meals, snacks, and others. Developing clean label flour markets such as Asia Pacific, exhibit an increased adoption of clean label ingredients.

Asian Pacific countries such as India and China, are expected to experience substantial expansion in terms of consumption of clean label flour. Health consciousness is continuously playing an important role in customers’ choices in line with the growing inclination towards healthier food products due to increasing obesity and heart problems. Such factors have undoubtedly resulted in increased sales of clean label flours in the last few years.

Millennial Population Causing an Upsurge in the Clean Label Industry

Millennials are huge drivers of the ‘clean label’ trend. They make up around 25% of the population and are predicted to have spending power in trillions. Food service providers could emphasize ongoing trends to innovate healthier foods to keep up with millennials. Growing health awareness among millennials has led the foodservice providers to come up with healthier products.

The result is likely to increase the use of clean label ingredients, subsequently spurring the growth of the clean label flour market.

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Competition Scenario

The global clean label flour market is highly competitive and mainly dominated by the top 10 players. Players are continuously evolving in this market to launch better products than their competitors.

The key players operating in the clean label flour market are increasing their presence in the global market through mergers, acquisitions, and alliances with local or medium-scale companies in the clean label flour industry. Further, these players are launching new products in the market to cater to the changing demands of consumers.

Investments in research and development are carried out by almost all the key players, as evolving consumer demand remains a primary driving force for the clean label flour market.

Market Developments

Cargill has created a highly soluble rice flour that can take the place of maltodextrin in a variety of applications and provide formulators with a clean label option.
A nutrient-dense hydrocolloid made from non-GMO red seaweed, SEAFLOURTM, has been introduced in the United States, according to IFF. For companies looking to capitalize on rising consumer demand for clean label products, SEAFLOURTM is the perfect natural stabilizer.
In 2021, Hinrichs Trading Company (HTC) was purchased by Ardent Mills to diversify the company’s flour offerings and launch new products.

Key Segments

Product:

Wheat
Corn
Rice
Coconut
Rye
Others

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

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Rest of MEA

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Flour Mixes Market Growth: Projected to Achieve USD 52.5 Billion by 2033 with 7% CAGR | FMI

The global flour mixes market is expected to reach more than USD 26.9 billion in 2023 while it is anticipated to cross a value of USD 52.5 billion by 2033., growing at a 7% CAGR from 2023 to 2033. The need for healthy bread items like flour mixes is rising as demand for healthy food products rises.

Consumer demand for ready-to-eat and processed foods is rapidly expanding, prompting the widespread use of batter mixes in a variety of convenience foods. Furthermore, the need for low-carb and gluten-free products is increasing batter mix production, which is a significant driver of market growth.

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Furthermore, higher investments in R&D activities to improve batter technology are likely to drive up demand for batter mix between 2023 and 2033.

Rising global demand for seafood contributes to growth as well. Flour mixes are used to coat fish in batter mixes to disguise the odour of seafood, increasing batter mix sales in the food industry.

It is also used in vegetarian cuisine, especially those made with common veggies, to provide the food with more crispness, flavor, and taste. As a result, the market for batter mixes is expected to increase at a rapid pace in the future years.

Key Takeaways from the Flour Mixes Market Study:

Rising demand for premium quality prepared flour mixes with high nutritional content in the Asia Pacific is expected to drive the market.
In 2022, North America is projected to dominate the market, accounting for around 2% of worldwide revenue.
In 2022, Europe and the Middle East, and Africa flour mixes market, collectively, will account for approximately 8% of the total market share.
In terms of product type, the batter mixture segment is projected to dominate the market over the forecast period.
Based on application, the bakery shop segment is expected to account for significant share in the market.

“Key market players are investing in research and development (R&D) in order to introduce new products and gain a competitive edge. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.” said a lead analyst at FMI.

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Who is winning?

Key players operating in the global flour mixes market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering flour mixes are Nippon Flour Mills, Rikevita Food, Prima Flour, IREKS, AngelYeast, AB Mauri, Showa Sangyo, Griffith, Kerry, CSM, and others.

Flour Mixes Market By Category

By Product:

Bread Mixes
- Oat Bread
- White Bread
- Dark Bread
- Multigrain Bread
Batter Mixes
Pastry Mixes

By Application:

Food Processing Industry
Household
Bakery Shop
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Oceania
MEA

Frequently Asked Questions

How big is the flour mixes market?
What is the North America flour mixes market outlook?
What is the Europe Flour Mixes Market Outlook?
What are the key trends shaping the flour mixes market?

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The Rise of Oral Clinical Nutrition Supplements Market Dynamics and Opportunities 2023-2033

By 2033, the global oral clinical nutrition supplement market is expected to reach US$ 19613.1 million, surpassing US$ 10788.70 million in 2023. A CAGR of 6.2% indicates positive market growth over the forecast period.

The rising demand for oral clinical supplements is attributable to a higher focus on maintaining strong immunity. The demand in the oral clinical nutrition supplement market is poised to surge. Its applications in tackling the issue of malnutrition may aid the overall growth of the oral clinical nutrition supplement market.

Several oral clinical nutrition supplement manufacturers are introducing new flavors to attract a more consumer base. This may remain one of the key factors spurring growth in the market.

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Key Countries Covered: USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UNITED KINGDOM, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey.etc

Competitive Landscape: Top Manufacturers of Oral Clinical Nutrition Supplement Market and their Recent Developments

Some of the key players in the oral clinical nutrition supplement market are: NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., Medtrition Inc., Baxter International Inc., B. Braun Melsungen AG., Fresenius Kabi AG, Mead Johnson & Company, LLC, Otsuka Holdings Co., Ltd., Abbott Laboratories, Danone Nutricia, Victus, Inc., Cambrooke Therapeutics, Inc., GlaxoSmithKline plc, Nestlé S.A., Kate Farms, Inc., Perrigo Company plc, Sichuan Kelun Pharmaceutical Co., Ltd., AYMES International Ltd., Pfizer Inc., Medifood GmbH, Nature’s Bounty Inc., Pharmavite LLC.

Recent Development

The key players are mainly focusing on strategies that may help them increase their market share and gain a competitive advantage.

For instance:

PediaSure Harvest and Ensure Harvest products were relaunched in September 2021 with organic ingredients and plant-based protein. Nutritional supplements can be used to meet the daily nutritional needs of individuals or as a sole source of nutrition.
Persona, a company that offers personalized vitamins, was acquired by Nestlé Health Science in August 2019. As a result of this acquisition, the company would be able to expand its personalized nutrition business.
In Feb 2019, Matok V’Kal launched its stamina boost-up spray which contains no caffeine and only six calories
In Apr 2019, PRO-DIP introduced its oral clinical nutritional supplement a revolutionary pouch that provides energy and nutrition in small, semi-permeable sachets.
In Apr 2018, Abbott introduced Ensure Max which is a nutritional drink with high-quality proteins and a very low amount of sugar.

Global Oral Clinical Nutrition Supplement Market Historical Analysis (2017 to 2022) Vs. Forecast Outlook (2023 to 2033)

The Food and Drug Administration (FDA) has narrowly restricted illegal claims on diseases and health maintenance provided by the oral clinical nutrition supplement manufacturers on their products. Manufacturers who want to sell their oral clinical nutrition supplements with disease claims must get them approved by FDA.

According to FMI’s analysis, oral clinical nutrition supplement sales have grown at a CAGR of more than 5.0% between 2017 and 2022. The rising interest of consumers in oral clinical nutrition supplements is providing impetus to the growth registered.

This has also encouraged manufacturers to participate in research and development (R&D) activities. Some scientists are investigating whether increasing the quality of certain nutrients, such as vitamin C and vitamin E, with food additives such as probiotics or beyond the Prescribed Dietary Allowances (RDA), could improve bone health, especially in the elderly.

This will also help the market is gaining traction. FMI projects that global oral clinical nutrition supplements grow at a CAGR of around 6.2% through 2033.

Short Term (2022 to 2025): The short-term growth prospects of the market are likely to grow as there could be increased research and development of new oral clinical nutrition supplements, particularly those that are tailored to the needs of specific patient populations or medical conditions.
Medium Term (2025 to 2028): The market is likely to show a slight uptake as it could be increased awareness and adoption of these supplements among healthcare professionals and patients.
Long Term (2028 to 2033): The long-term goal for the oral clinical nutrition supplement market could involve collaborations between pharmaceutical companies, healthcare providers, and academic researchers to identify gaps in the market and develop innovative new products to fill those gaps.

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Oral Clinical Nutrition Supplement Market Category-wise Insights

Why is Standard Oral Nutrition Supplement Formula Preferred More?

FMI estimates that in the product type segment standard formula oral clinical nutrition supplements are holding more than 60% of the market share with a CAGR of 6.2%.

The standard formula is consumed for several types of diseases/indications while specialized formula is specially developed to treat a patient suffering from a particular disease or a specific condition. This has resulted in higher consumption of the standard formula.

Why is General Well-being Considered Leading Indication?

Oral nutrition supplements are often taken for general well-being, catapulting it as the leading segment within the market in terms of indication. General well-being is projected to remain dominant through the course of the forecast period. It is likely to account for nearly 20% of sales registered.

Increasing focus on maintaining good health and immune systems among consumers will seal dominance of this segment through the forecast period.

How is the Market Gaining from Rising Demand for Geriatric Population?

The geriatric population has emerged as the leading end user of oral clinical nutrition. The geriatric population segment may account for over 40% of sales through the forecast period.

Low immunity in aged people can trigger various health issues. This makes the geriatric population, key end users of oral clinical nutrition supplements.

What Is the Future of Liquid Form Oral Clinical Nutrition Supplements?

Liquid-form oral clinical nutrition supplements currently account for a dominant 40% of the market and are expected to remain the leading segment in terms of form through the forecast period. Increasing the launch of oral clinical nutrition formulas in liquid form may continue aiding growth in this segment with a CAGR of 7.2%

Which is the Preferred Oral Clinical Nutrition Supplement Flavor?

Flavored oral clinical nutrition supplements currently hold more than 70% market share. In the flavored segment, chocolate-flavored oral clinical nutrition supplements are highly sought-after.

Which is the Preferred Sales Channel for Oral Clinical Nutrition Supplement Market?

Prescription-based channels are responsible for more than 90% of sales of oral clinical nutrition supplements around the world. Oral clinical nutrition supplements are often administered as per the dosage prescribed by doctors. This is expected to aid expansion within the sales channel.

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Oral Clinical Nutrition Supplement Market Segmentation by Category

Product Type:

Standard Formula
Specialized Formula

Indication:

General Well-being
Renal Disorders
Hepatic Disorders
Oncology Nutrition
Diabetes
Dysphagia
IBD & GI Tract Disorders
Neurological Disorders
Respiratory Orders
Others

Form:

Liquid
Semi-solid
Powder

End User:

Adult
Geriatric
Pediatric

Flavor:

Regular
Flavored
- Chocolate
- Vanilla
- Strawberry
- Apple
- Mixed Berries
- Orange
- Nut Flavours

Channel:

Prescription-based
Over-the-Counter
- Modern Trade
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies

By Region:

North America
Latin America
Europe
The Middle East and Africa
East Asia

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Exploring the Growth Potential of Yogurt Powder Market: Trends and Forecasts

The global yogurt powder industry size is forecast to reach USD 333.3 million in 2024 and further expand at a CAGR of 6.8% during the assessment period. Global sales of yogurt powders are predicted to total USD 642 million by 2034, owing to high nutritional content and probiotic advantages of yogurt-based products.

Demand remains particularly high for regular powdered yogurt because of high versatility and nutritional content. The target segment accounted for a prominent value share of 46% in 2023 and will likely progress at 6.6% CAGR through 2034.

A shelf-stable product, yogurt powder is gaining immense popularity, especially in the food and beverage sector. This can be attributed to high convenience, versatility, extended shelf life, and other advantages.

Leading Yogurt Powder Brands: Nestlé S.A., Danone S.A., General Mills, Inc., Yakult Honsha Co., Ltd., FrieslandCampina N.V., The Kraft Heinz Company, Lactalis Group, Kerry Group plc, Morinaga Milk Industry Co., Ltd., Chr. Hansen Holding A/S, Chobani, LLC

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Key Industry Highlights

Escalating Demand for Convenience Foods and Beverages

The global powdered yogurt industry is forecast to advance rapidly during the forecast period, owing to multiple factors. This is mainly due to surging demand for convenience food products globally.

Yogurt powder offers convenience to consumers without having them to care about perishability. The product can be easily stored for long periods, aligning perfectly with busy lifestyles and desires for on-the-go snacks. This convenience of powdered yogurt is set to create lucrative global yogurt powder market opportunities.

Health and Wellness Trends Augmenting Growth

Consumers across the world are becoming aware of the health benefits of yogurt and yogurt-based products, particularly high probiotic content. This is expected to uplift demand for yogurt powder as the product offers a convenient way to incorporate these benefits into the diet.

Several companies are also fortifying powdered yogurt with probiotics and other essential nutrients to make these attractive to health-conscious customers. This will help forms align with the growing health and wellness trends.

Growing Popularity of Plant-based Diets Boosting Sales

Trends like vegetarianism and surging popularity of plant-based diets are having a positive influence on the powdered yogurt market. These have paved way for the development of plant-based curd powder.

Today, leading companies are looking to create powdered yogurt from plant-based milks like soy and almond. Thus, with veganism penetrating its roots deep into society, demand for plant-based powdered yogurt will likely increase significantly through 2034.

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Competition Outlook

The competitive landscape in yogurt powder market is becoming fierce, with key players accounting for a significant share. Leading players like Nestle S.A., Danone S.A., General Mills, Inc., and Lactalis Group are constantly innovating to introduce new varieties added with functional ingredients like vitamins, probiotics, and minerals.

A new emerging category that is gaining traction in the industry is plant-based yogurt powders. Companies are looking to create more plant-based yogurt products to meet soaring demand for vegans and those with lactose intolerance.

The ongoing clean label trend is prompting companies to shift from artificial flavors and preservatives toward natural ingredients. Similarly, strategies like mergers, partnerships, acquisitions, new facility establishments, and joint ventures are becoming prevalent.

Certain companies are also eager to use excessive marketing strategies to stay ahead of the competition. Leading players are also showcasing new products at global events and exhibitions to increase customer base.

Industry Updates

In December 2023, Kerry Group, headquartered in Ireland, announced the acquisition of Lactase Enzymes Business from Novozymes A/S and Chr. Hansen Holding A/S. The acquisition will give the company access to enzyme technology for creating lactose-free and low-sugar dairy products.
Lactalis Ingredients, a prominent France-based producer and supplier of dairy ingredients, announced participation in the Africa Food Manufacturing event held in Cairo between 26 and 28 May 2024. The company will look to meet and exchange ideas with food industry professionals.
In 2023, France-based Epi Ingredients showcased the company’s various new ingredients in several applications, including extra sour yogurt powder in a cookie filling and icing, ice cream, and yogurt drinks, at the FIE.

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Key Segments of the Market Report

By Type:

In terms of type, the industry is segmented into regular, low-fat, and non-fat.

By Flavor:

Based on flavor, the market is categorized into plain and flavored.

By Packaging Type:

Yogurt powder comes in sachets/pouches, cans/jars, and bulk packaging.

By Application:

In terms of application, the report is divided into food and beverage industry, nutraceuticals and dietary supplements, and cosmetics and personal care products.

By Distribution Channel:

Different sales channels include supermarkets and hypermarkets, convenience stores, online retailing, specialty stores, and others.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

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Frequently Asked Questions

How big is the yogurt powder market?

Global revenue is set to total USD 333.3 million in 2024.

How is yogurt powder demand increasing?

Global demand is forecast to increase at 6.8% CAGR through 2034.

What is the estimated industry value for 2034?

By 2034, the global industry value is projected to total USD 642 million.

Which flavor type segment leads the industry?

Plain.

Who are the leading players in yogurt powder industry?

Nestle S.A., Danone S.A., General Mills, Inc., and Yakult Honsha Co., Ltd.

How big is the yogurt market?

The yogurt industry value totaled around 44,808.5 million in 2023.

What is yogurt powder used for?

Powdered yogurt is used in bakery products, snacks, and ice creams.

Global Demand for Citrus Water Market Growth to USD 51.9 Million by 2033 | FMI Report

The global citrus water market is expected to increase from USD 10.59 million in 2023 to USD 51.9 million in 2033.
The Use of Citrus Water as a Fragrance in Cosmetics Amplifies Production Globally
Citrus water is used to increase flavor in the food sector. It is mostly used to manufacture candies in the confectionery business. Citrus water also adds a tangy flavor to stews, soups, and other types of prepared foods. Citrus water is often used to make a variety of drinks. These elements are expected to increase the global citrus fruit market’s revenue growth prospects.

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Citrus concentrates have applications in personal care products, which is predicted to have a favorable impact on this market. Individuals’ preference for organic and healthy food choices is also predicted to boost revenue growth in this target market during the forecast period.

An increase in the consumption of sugar-free citrus water has been noticed, which is expected to create extra demand and present profitable prospects for market participants to expand their respective product offers. Sadly, the cost can be a substantial barrier to consumer acceptance, which could have a negative impact on this market to some extent.

This market’s manufacturing, distribution, and sales channels were all affected. Yet, according to sales statistics from several industry players, organic and functional beverages outperformed carbonated drinks in terms of revenue contribution to various food and beverage enterprises throughout the pandemic. This pattern is likely to persist.

Consumers are increasingly interested in sustainable or biodegradable packaging choices. This is expected to provide new opportunities for players and boost revenue growth in this market over the forecast period.

Key Points from the Citrus Water Market

Consumer inclination for healthy alternatives to sugary soft drinks is one of the key elements driving the citrus water market’s rise.
The market size is anticipated to be USD 10.59 million in 2023.
The citrus water market is expected to capture a CAGR of 17.1% during the forecast period 2023 to 2033.
North America dominated the citrus water market.

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Key Developments in the Citrus Water Market

In 2019, Ball Corporation collaborated with Danone to launch L’mon, a new sparkling canned beverage.
In 2019, Limoneira, a citrus corporation based in the United States, announced the conclusion of a joint venture and land acquisition with FGF Trapani (FGF). The agreement allows Limoneira to expand its reach in Argentina and ensures a 365-day, 24-hour fruit supply.
July 2021 – National Beverage Corporation, an American beverage maker, introduced three new sparkling water flavors under the LaCroix brand. The effervescent waters include no calories or sugar.
May 2021 – PepsiCo Inc., a renowned global food and beverage corporation, debuts Soulboost, an enhanced sparkling water beverage enriched with functional ingredients. The drink comes in two flavors: blueberry pomegranate and black cherry citrus, which contain 200 mg of ginseng to aid in mental stamina, and blackberry passion fruit and strawberry rose, which contain 200 mg of theanine to aid in relaxing.
June 2022 – Bickford & Sons, a South Australian business, introduced new tonic water. Tonic water is prepared from natural elements such as carbonated water, quinine, and sugar or a natural sweetener.
March 2022 – Schweppes, a Coca-Cola Company brand, introduced a new premium 600 ml glass container. The drink comes in three flavors: Indian Tonic, Slimline Tonic, and Elderflower.

Key Segments

Product Type:

Economic
Premium

Source:

Lemon
Orange
Lime
Grapefruit
Mixed

Packaging Format:

Glass Bottles
Tins
Plastic Bottles
Other

Distribution Channel:

Modern Trade
Specialty Stores
Convenience Stores
Commercial Market
Hotels/Restaurants/Bars
Online Retailers
Others

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Resistant Starch Market Expected to Reach US$ 19.9 Billion by 2032, Fueled by Rising Demand for Digestive Health Products

The global resistant starch market is set to witness growth at a CAGR of 6.6% during the forecast period, totaling a valuation of US$ 19.9 Bn by 2032. Rising demand for high fiber-resistant starch due to its health benefits and increasing applications in food manufacturing industries are some of the key factors stimulating growth in the global resistant starch market.

A good diet plan with healthy ingredients in this scenario does not come from only desire, but the need as well. Resistant or modified starches are perfect as a solution, being certified as non-GMO and healthier options of clean labeled foods. Branded modified starches can offer healthier enriched ingredients and whole grain options, while also providing the same taste, baking quality, and texture as traditional items.

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While food favorites like bread, pasta, pastries, and pizza are hard to resist and comforting, but enjoying those gluten-rich foods for long term may lead to serious health problems including stomach discomfort. Although there are many other gluten-free alternatives, such as nut flours and ancient grains, the same texture and great taste combination cannot be matched with resistant starch.

For better gastrointestinal health, eating a fiber-rich diet is necessary, and high fiber resistant starch can contain up to 10x the dietary fiber of traditional food items, making it a perfect product for reducing risk of strokes, heart attacks, obesity, high cholesterol, and type 2 diabetes. Reduced gluten in resistant starch has better nutritional value as well with 55-70% less allergenic gluten than traditional items and up to 10 grams of fiber included.

Key Takeaways from Market Study

By product, RS3 (resistant starch type 3) will continue to remain high in demand across various industries.
Based on end use, confectionery segment is expected to contribute most to the global resistant starch market growth during the forecast period.
With increasing usage of resistant starch, North America will continue to dominate the global resistant starch market.
The U.S. resistant starch market is poised to grow at a healthy pace during the forecast period.
Demand for resistant starch to surge at a robust pace across Australia over the assessment period.

“Resistant starch may level up to be the next ‘superfood’, with its appealing characteristics and wide range of health benefits. It has the tendency to promote digestive health and can prevent various diseases” says a Future Market Insights analyst.

Competitive Landscape

While key resistant starch brands are focusing on new strategic development of a strong brand image, core business brands will continue to focus on supplying high quality, sustainable, and nutritional solutions to customers in the food space.

In March 2021, Ingredion Incorporated launched Modified Potato Starch, named as ULTRA-TEX 1311, for indulgent textures made better and faster.
In January 2021, Arcadia Biosciences Inc. announced that the brand is raising US$ 25 Mn to bring the GoodWheat resistant starch product to global market by taking advantage of a strong market for small-cap stocks to further transition into the plant and product development within the industry.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Resistant Starch market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Resistant Starch Market by Category

By Product Type:

RS1 (Resistant Starch Type 1)

RS2 (Resistant Starch Type 2)

RS3 (Resistant Starch Type 3)

RS4 (Resistant Starch Type 4)

By Source:

Fruits and Nuts

Grains

Vegetables

Beans and Legumes

Cereal Foods

Others

By End Use:

Bakery Products

Confectionery Items

Breakfast Cereals

Dairy Products

Meat and Processed Food

Beverages

Convenience Foods

Others

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Sea Salt Market Forecasted to Reach US$ 786.1 Million by 2034, Driven by Increasing Culinary and Health Applications

The sea salt market value is expected to rise from US$ 553.6 million in 2024 to US$ 786.1 million by 2034. This market is analyzed to expand at a CAGR of 4.20% over the next decade.

The latest consumer trend in the sea salt market is the increasing popularity of unrefined, preservative-free products. Further, the surging awareness of sea salt benefits like anti-aging and anti-inflammatory are increasing their use in varied end-use industries.

The consumption of sea salt is particularly high in the food and beverage industry. Therefore, players are typically introducing several new flavors and making innovations in the food-grade sea salt offering. For instance, manufacturers are releasing desserts with chocolate or caramel flavors that incorporate sea salt to enhance the flavor.

“Manufacturers and exporters of sea salt are improving their sales by investing in strategies to lower their production cost and potentially the final product’s price. Further, players are selling their products on online stores for a wider reach and accessibility the world over,” says an analyst of Future Market Insights.

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Key Takeaways from the Sea Salt Market Report

The global sea salt market amounted to US$ 467.8 million in 2019. In the historical period, the market assumed a pace of 3.1% CAGR.
The food and beverages segment are the leading end user of sea salt, acquiring 60.4% of the global market.
Consumers increasingly buy sea salt sold in bags, due to their convenience to store and use. The packaging bag accounts for 35.4% value share in the global market.
The United States sea salt market registers a 3.1% CAGR over the forecast period.
In Europe, Germany is going to spearhead the market at a 4.2% CAGR over the next 10 years
Within Asia Pacific, India is going to pull the market upward by expanding at a 6.8% CAGR in the next decade.

Top Strategies Employed by Market Players

Key players are focusing on reducing the prices of sea salt to increase their penetration across the globe, especially in price-sensitive countries. For this, they are employing various technologies and further investing in research and development practices.

Players are further introducing new flavored sea salts in the market to draw in more customers and sales. Market participants are offering their products on virtual platforms to increase their visibility among potential prospects. Selling products online also helps players deliver many benefits to their customers like discounts, rebates, fast delivery, and extended reach.

Latest Developments in the Sea Salt Market

In October 2023, Eco Salt, a South Korean company specializing in eco-friendly salt introduced a premium salt brand that fine-tunes the magnesium content and removes microplastics. The company follows the Magnesium Micro-plastic Free (MMPF) method to eliminate 95% microplastics from sea salt and reduce magnesium content. This method has been praised for its ease of use, economic feasibility, and superior functionality over conventional technologies.
In January 2021, Cargill introduced a purified sea salt floor. This ingredient is a distinct type of powder-like, finely cut sodium chloride. It is appropriate for applications that need extreme fine sizing and easy blending, such as cereal, dry soup, spice mixes, and flour, as well as seasoning snack foods. Other functional benefits of this ingredient are that it dissolves faster in liquids than traditional salt crystals and it effectively adheres to food, which results in reduced salt waste.

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Market Segmentation

Classification by Packaging:

Bags
Pouches
Sacks
Shakes
Glass Jars

By Multiple Applications:

Regenerating Water Agent
De-icing Agent
Detoxifying Agent
Anti-Oxidant Agent

By Various End Users:

Food and Beverages
Agriculture
Cosmetics
Animal Food
HORECA

Segregation by Distribution Channels:

Specialty Stores
Convenience Stores
Retail
E-Commerce

By Regions:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Ready to Drink Coffee Market Expected to Reach US$ 43.78 Billion by 2033, Driven by Growing Demand for Convenient and Premium Beverages

The ready-to-drink coffee market is anticipated to expand its roots at an average CAGR of 5.0% between 2023 and 2033. The market is projected to have a market share of US$ 43.78 billion by 2033 while it is likely to be valued at US$ 27.35 billion in 2023.

– The increase in coffee drinkers along with the people opting for a corporate lifestyle is garnering market growth. Furthermore, coffee is a part of the modern culture routine that is adding value to the market’s growth trajectory.

– The partnerships between market leaders and the introduction of exciting new flavors are expected to transform the market dynamics. Alongside this, advanced brewing machines are likely to garner market growth.

– New production facilities along with the increased awareness around coffee drinking is flourishing the demand for RTD coffee. The new packaging bottles and cans with different levels of caffeine are adding value to the market space.

– Leading brands are integrating cold coffee and coffee RTD mixtures with local flavors to increase consumption. The panic buying during and post-pandemic is fuelling the sales of ready-to-drink coffee.

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Key Points

The United States market leads the ready-to-drink coffee market in terms of market share in North America. The United States region held a market share of 9.8% in 2022. The growth in this region is higher caffeine consumption along with the trending corporate lifestyle.
Germany’s ready-to-drink coffee market is another significant market in the European region. The market held a market share of 5.6% in 2022. The growth is attributed to the surge in cafés, new and advanced flavors, and rising production facilities.
The Indian ready-to-drink coffee market thrives at a strong CAGR of 16.1% during the forecast period. The market’s growth is attributed to the higher coffee-drinking population, café culture, and the integration of local flavors.
The hypermarket/supermarket segment leads the distribution channel type segment as it held a leading market share in 2022. The growth is attributed to easy availability, 24 x 7 styled stores, and higher tourist consumption.

Competitive Landscape

The key vendors work on different flavors, packaging, and taste. The players also work on enhanced supply chains and higher affordability. Companies collaborate to expand their supply chain. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Development

In 2023, Danone S.A. invested US$ 65 million over the next two years in the United States manufacturer of products including stock ready-to-drink coffee. The investment has been done in the RTD coffee and creamer facility.
Nescafe has introduced its Chilled Latte, Intense Café, Iced Latte Can, and Hazelnut Coffee. The company has also launched Badal Life Ki Raftaar with Nescafe.
Bavzilla, an India-based coffee brand introduced instant coffee cubes pack with diverse flavors. The coffee powder and cubes contain plant-based vitamins and palm jaggery.

Key Players

PepsiCo.
The Coca-Cola Company
Nestle S.A.
JAB Holding Company
Asahi Group Holdings, Ltd.
McDonald’s Corporation
Danone S.A.
Dunkin’ Brands Group, Inc.
Suntory Beverage & Food
Lotte Chilsung Beverage Co. Ltd.
Dr Pepper Snappel Group.
Starbucks
Unilever
Ajinomoto General Foods Inc.
Monster Beverage Co.

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Key Segments Covered

Product:

Ginseng
Vitamin B
Taurine
Guarana
Yerba Mate
Acai Berry

Additives:

Flavors
Artificial Sweeteners
Acidulants
Nutraceuticals
Preservatives
Others

Packaging:

Glass Bottle
Canned
PET Bottle
Aseptic

Price Segment:

Premium
Regular
Popular Priced
Fountain
Super Premium

Distribution Channel:

On-trade
- Independent Retailers
- Supermarkets/Hypermarkets
- Convenience Stores
- Others
On-trade
- Food Service
- Vending

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RTD Cocktail Market Projected to Reach US$ 56,652.7 Million by 2034 with Expanding Consumer Preference for Ready-to-Drink Beverages

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.

The ready-to-drink cocktail sector is seeing growth due in large part to consumer demand for time and effort-saving options. Demand for RTD cocktails is anticipated to rise throughout the projected period as a result of the introduction of novel flavours, mixes, and packaging. The market is anticipated to grow as a result of creative marketing techniques used by major RTD cocktail makers, such as partnerships with influencers and celebrities.

To boost sales and brand preference, producers of RTD cocktails are spending money on research and development. This involves introducing fresh RTD cocktail-based blends or formulations that cater to particular customer demands.

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The ease with which RTD cocktails can be consumed at any time and anywhere adds to their appeal. Additionally, it is anticipated that the availability of RTD cocktails through a variety of distribution channels, including retail locations, internet retailers, and liquor shops, will increase RTD cocktail sales.

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.

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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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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.

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Fatty Esters Market Projected to Reach US$ 3.4 Billion by 2032, Fueled by Rising Demand in Cosmetics and Biodiesel Industries

The global fatty esters industry size is expected to secure US$ 3.4 Billion while exhibiting a 4.40% growth rate during the 2022-2032 forecast period. The market was estimated at US$ 2.1 Billion in 2021 and is likely to reach US$ 2.2 Billion in 2022. Growth of the market can be attributed to the extensive usage of fatty esters in a wide range of industries, including cosmetics & personal care, as well as biofuels.

Growing demand for fatty esters for industrial applications owing to their environment friendliness is expected to augment market growth over the forecast period. The increasing use of fatty esters in end-use industries such as food, biochemical, and agricultural is expected to boost the growth of the market during the forecast period.

On the contrary, inadequate availability of raw materials is also one of the major factors affecting the growth of the market. In addition, the lack of properly developed infrastructure in underdeveloped nations is a major disadvantage faced by the market and is another factor projected to hamper the industry growth in the forecast period.

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Key Takeaways from the Report

By type, the fatty acid methyl esters (FAME) segment is expected to record a 4.1% CAGR by 2032
By application, the synthetic lubricant segment to expand at a 3.9% growth rate during the forecast period.
The U.S market to garner US$ 1.2 Billion and record a 4.3% CAGR from 2022-2032
Market in China to procure US$ 235 Million, expanding at a 3.9% growth rate during the assessment period

“Growing demand of fatty esters for expansion of cosmetics industry across the globe is expected to drive the market in the forecast period. Also, the development of food, biochemical and agriculture industries is projected to play a vital role in strengthening the market.”

Competitive Analysis

Eminent players in the global fatty esters market include Faci Asia Pacific Pte. Ltd., KLK Oleo, Estelle Chemicals Pvt. Ltd., Evonik Industries, and DuPont, among others. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market. Recent key developments among players include:

In July 2021, Verbio AG signed a MoU (Memorandum of Understanding) with Indian Oil Corporation Ltd. The MoU will explore the possibility of creating a Joint Venture Company using Verbio’s technology and expertise in the production of biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and marketing these biofuels through Indian Oil’s network.
In March 2021, Renewable Energy Group Inc. collaborated with Optimus Technologies. This collaboration delivers biodiesel to fleets across the United States. With Optimus’ new technology, biodiesel can be utilized as B100 in fleets, i.e., with 100% blended biodiesel.

Leading Companies Profiled in the Fatty Esters Market are

Faci Asia Pacific Pte. Ltd.,
KLK Oleo,
Estelle Chemicals Pvt. Ltd.,
Evonik Industries, and
DuPont,

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global fatty esters market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (fatty acid methyl esters, polyol esters, sorbitan esters, sucrose esters and other types) and application (synthetic lubricants, pharmaceuticals, personal care products, food, biofuel application, and other applications) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).

Key Segments Covered in the Fatty Esters Market Study

By Type:

Fatty Acid Methyl Esters (FAME)
Fatty Acid Polyol Esters
Fatty Acid Sorbitan Esters
Fatty Acid Sucrose Esters
Other Types of Fatty Esters

By Application:

Synthetic Lubricants
Pharmaceuticals
Personal Care Products
Food
Biofuel Applications
Other Applications

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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