Market Research Blog – Page 1916 – New Product Development

Growth Trajectory of BFS Syringes Market: Projected CAGR of 9.4% and US$ 2,158.46 Million by 2033

The BFS syringes market is forecasted to experience a growth of 9.4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 878.48 million in 2023. By 2033, the BFS syringes industry is expected to capture US$ 2,158.46 million by 2033.

BFS technology is most commonly used in ophthalmic treatments, veterinary products, and medical gadgets. The surging adoption of medical gadgets and veterinary products is propelling the use of BFS syringes.

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Parenteral drugs like ophthalmic solutions, injectables, and respiratory therapies need to follow strict regulatory guidelines. To pack these drugs, manufacturers use aseptic packaging like BFS syringes. The demand for BFS products is projected to surge due to expanding geriatric population and prevailing chronic diseases.

Growing demand for sustainable packaging solutions among end-users is expected to favor market growth. BFS procedure requires less demand for plastics and does not deploy external sterilizing. It reduces the carbon footprint and energy use. Further, growing concerns for the environment are expected to support the demand for BFS syringes.

Top Highlights from the FMI’s Analysis of the BFS Syringes Market

India is coming up strong in the BFS syringes industry. Several investors are vying for their share in India’s BFS syringes industry due to several opportunities available in the market.

The United States accounts for considerable sales of BFS syringes. Early deployment of advanced technologies is expected to drive automation in the packaging industry and boost the BFS syringes industry.
BFS polypropylene syringes are expected to observe high preference over the estimated period.
The healthcare and pharmaceutical sector is anticipated to generate significant revenue in the BFS syringes.

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FMI Spots New Developments that are Revolutionizing the BFS Syringes Industry

In 2021, Gerresheimer AG officially declared that it is coming into a strategic partnership with a global technology group called SCHOTT AG. The motive behind this partnership is to develop and manufacture high-quality, uniquely designed primary packaging options for the pharmaceutical industry.
Catalent, Inc. finalized the acquisition of MaSTherCell Global, a firm that specializes in gene and cell therapy development and manufacturing. The acquisition intends to fuel and enhance Catalent’s capabilities in the robustly expanding gene and cell therapy industry.
Unither Pharmaceuticals obtained BFS manufacturing assets of the pharmaceutical firm Zentiva Group in 2020. This development focuses on the expansion of Unither’s capabilities in Europe’s BFS product industry and invigorating its position as a market leader in sterile packaging solutions.
Weiler Engineering, Inc. finalized the acquisition of Multipack Systems, Inc., which specializes in packaging equipment, in 2019. This acquisition intends to expand Weiler Engineering’s capacity in the packaging industry, especially in the BFS product industry.
Nephron Pharmaceuticals revealed its plan to invest US$ 12.5 million in its BFS manufacturing facility in South Carolina, the United States, in 2018. The facility intends to meet the surging demand for sterile packaging solutions and generate employment in the region.

About Future Market Insights Inc. (FMI)

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

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Global PVC Packing Straps Market: Forecasting a Valuation of US$ 213 Million by 2033

The market for PVC packing straps has expanded steadily, with a year-on-year growth rate of 3.8% during the period from 2018 to 2022. The global market value concluded at an estimated value of US$ 134 million by the end of this historical period in 2022.

The net worth of all PVC packing straps is anticipated to reach around US$ 139.8 million in 2023. From 2023 to 2033, if the worldwide market could continue to rise, the market is expected to expand at a promising CAGR of 4.3%. Furthermore, according to FMI, the global PVC packing straps industry could reach a valuation of US$ 213 million by the end of this forecast period.

The PVC Packing Straps Market is poised for significant growth, driven by increasing demand across various industries such as logistics, construction, and manufacturing. PVC packing straps are valued for their durability, flexibility, and cost-effectiveness compared to traditional packaging materials.

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Key drivers fueling market expansion include rising global trade activities, growth in e-commerce, and stringent regulations promoting sustainable packaging solutions. Technological advancements in manufacturing processes are enhancing the quality and performance of PVC packing straps, further stimulating market growth. Market players are focusing on innovation, product diversification, and geographical expansion to capitalize on emerging opportunities and gain a competitive edge.

Key Takeaways from the Global PVC Packing Straps Market Study Report by FMI

In the current year 2023, the total sales of PVC packing in the United States are estimated to be around US$ 27 million. The focus of market players in this country on sustainability, and innovation in response to changing demands is anticipated to retain the dominance of North America.
The demand for PVC packing straps in Europe’s countries is surging with the growing requirement for cost-effective packaging solutions. However, for businesses looking to take advantage of the market potential in Europe, resolving environmental issues, using cutting-edge packaging technologies, and maintaining competitive pricing could be crucial.
China is projected to expand its production and export of PVC packing straps to the global market at an annual average rate of 5.7% during the forecast years. Further, PVC packing strap manufacturers in other Asia Pacific countries also have great chances to expand the range of products they sell during this period.

Competitive Landscape for the PVC Packing Straps Market Players

A few market players dominate the market by incorporating advanced packaging technologies and automation to enhance the efficiency and performance of PVC packing straps.

The competitive environment of the market has started influencing pricing tactics, forcing traditional pipe producers to adopt the production of PVC materials. However, to remain competitive, the start-ups entering the market must ensure that environmental standards are followed and solve issues with plastic waste and recycling.

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Both established and emerging market players have the chance to position recyclable and eco-friendly PVC packing straps as a competitive advantage given the growing attention being paid to sustainability.

PVC Packing Straps Market Outlook by Category

By Thickness:

Below 0.5 mm
0.5 mm to 0.75 mm
0.76 mm to 1 mm
Above 1 mm

By End Use Industry:

Food & Beverage
Pharmaceuticals
Electrical & Electronics
Automotive
Building & Construction
E-commerce
Chemicals & Fertilizers

By Region:

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

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Integrated Food Ingredients Market Poised for Growth, Expected to Reach USD 112.85 Billion by 2033

The integrated food ingredients market size accumulated a value worth USD 69,510.0 million in 2023. It is anticipated to reach a market value of USD 112,848.7 million by 2033, growing at a CAGR of 5.2% through 2033.

The market for integrated food ingredients is being pushed forward by factors such as

Growing popularity of food encapsulation technology
Improvements in high-efficiency equipment for mixing integrated food components
A growth in the number of end-use applications is a key macroeconomic variable positively driving the global integrated food ingredients market.
Nutrition and taste convergence, as well as rising demand for natural flavors and fragrances, will help to increase the market’s development rate.
Another important driver is the rising demand for convenience and processed foods, which will accelerate the rate of expansion of the integrated food ingredients industry.
Given their multi-functionality, hydrocolloids have a wide range of applications. This is likely to fuel the expansion of the integrated food ingredients industry.

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Consumer preferences are evolving often because of diet-diversified portfolios, growing urbanization, and the increased availability of foreign direct investment in the food sector. The rise in purchasing capacity, income, and large consumer demand for healthy and nourishing items are projected to present advantageous prospects for global growth and expansion.

Certain varieties of food product interests have become essential to some consumers’ identities. The integrated food ingredient industry and the processed food market have a tight association, with the former providing practical advantages and personalized value-added services based on end-user applications. Consumers today are more conscious of label claims, ingredient lists, and dietary profiles.

Norms regulating the type of ingredient used, a description of all constituents on labels, and other comparable regulations are stifling the expansion of the integrated food ingredients business. Government controls bind them because consumer health is a top issue. Furthermore, more developments are possible if government laws are loosened and more companies are encouraged to come up with better products.

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Key Takeaways

The United States controls the worldwide integrated food ingredients industry with a value share of 18.7% in 2023.
Germany accounts for 6.6% of the overall value of the global integrated food ingredients market in 2023.
Australia has 1.9% of the global market for fermented dairy ingredients.
China is exhibiting a phenomenal CAGR of 10.6% in the global integrated food ingredients industry.
In the global market for integrated food ingredients, India has a phenomenal CAGR of 4.8%.
Japan accounts for 4.0% of the global integrated food ingredients market value

Competitive Landscape

In the integrated food ingredients industry, there are many reputable businesses. Considering the market is still in its early stages of expansion, it provides thrilling possibilities for new enterprises to join. Furthermore, market leaders are employing a variety of organic and inorganic strategies to gain a competitive advantage.

Some of the key players proliferating in the market are

Archer Daniels Midland Company
BASF SE
Cargill, Incorporated
E. I. du Pont de Nemours and Company
Firmenich SA
International Flavors & Fragrances Inc.
Kerry Group
Koninklijke DSM N.V.,
Symrise
Tate & Lyle PLC

Recent Developments

IFF (International Flavours and Fragrances) Inc., a worldwide food, beverage, health, and bioscience leader in February 2023, entered into an agreement to sell its Flavour Speciality Ingredients (FSI) business to Exponent, a UK-based private equity firm for $ 220 million.
BASF, in July 2023, signed an agreement to supply Neopentyl Glycol from Zhanijang to KHUA. This letter of Intent was signed to establish a long-term partnership between both parties.

Key Segments in the Integrated Food Ingredients Market

By Source:

Microbial & Fermented
Artificial
Animal
Plant
Seaweed

By Product Type:

Sweeteners
Vegetable Fats & Oils
Food Hydrocolloids
Food Enzymes
Food Colors and Flavors

By End-Use:

Dairy Products
Frozen Foods
Meat, Poultry, Seafood
Pet Food
Sauces, Dressings, and Condiments
Beverages
Bakery and Confectionery
Snacks

By Functionality:

Stabilizer
Thickener
Leavening Agent
Emulsifiers
Fortifiers
Gelling Agent
Flavoring and Coloring Agent
Preservatives

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Bio Vanillin Market Set to USD 380.7 Million by 2033, Fueled by Demand from Plant-Based and Vegan Industries

The global bio vanillin market is anticipated to reach a valuation of US$ 191.3 million in 2023, driven by increasing demand from pharmaceuticals and food & beverage industries. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.6% between 2023 and 2033, and reaching a total valuation of approximately US$ 380.7 million by 2033.

One of the major factors contributing to the growth of the bio vanillin market is the growing adoption of plant-based and vegan diets, which has led to an increased need for natural flavoring agents in these products. Bio vanillin, derived from plant sources, is seen as a suitable option for enhancing the taste of plant-based and vegan foods, including dairy alternatives, plant-based protein products, and non-dairy desserts.

Bio vanillin is also used in the fragrance and perfume industry as a key component in creating sweet and aromatic scents. Bio vanillin is expected to witness increased demand, as the fragrance industry expands and seeks natural fragrance ingredients.

The incorporation of bio vanillin into functional foods and nutraceuticals is gaining traction. Bio vanillin can be used to improve the taste and palatability of products that offer health benefits, such as fortified beverages, dietary supplements, and wellness products.

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Ongoing research into the potential health benefits of bio vanillin, such as its antioxidant properties and potential therapeutic uses, could open up new applications and markets for this natural flavor compound.

Bio vanillin manufacturers are increasingly offering customized solutions to meet the specific flavor and aroma requirements of food and beverage companies. The ability to provide tailored solutions can enhance customer satisfaction and loyalty.

Companies in the bio vanillin market are investing in sustainable and environmentally friendly production practices. The investments not only align with eco-conscious consumer preferences but also reduce the environmental impact of production, making bio vanillin a more sustainable choice.

The emergence of new food trends, such as the demand for authentic and ethnic flavors, presents opportunities for bio vanillin. Its ability to enhance the taste profiles of diverse cuisines and specialty foods positions it favorably in these markets.

Key Takeaways from the Market Study

Global bio vanillin market was valued at US$ 178.1 million by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 7.3%.
China is expected to hold a dominant CAGR of 12.1% through 2033.
By application, pharmaceuticals & food & beverage segments to constitute CAGR of 7.1% and 7.0% respectively, through 2033.
From 2023 to 2033, bio vanillin market is expected to flourish at a CAGR of 7.6%.
By 2033, the market value of bio vanillin is expected to reach US$ 380.7 million.

Ongoing research into enhanced extraction techniques from natural resources like vanilla beans, is a major factor that is expected to propel the growth of the bio vanillin market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the bio vanillin market are Evolva Holding, Firmenich SA, Solvay, De Monchy Aromatics, Advanced Biotech, Givaudan, Omega Ingredients Limited, Takasago International Corporation, Suzhou Function Group Co Ltd., and Apple Flavor & Fragrance Group Co., among others.

Recent Developments

In 2022, Firmenich announced plans to invest EUR 100 million in a new bio vanillin plant in France.
In 2021, Evolva Holding SA announced that it had received a $20 million investment from Mitsui & Co. to support the commercialization of its bio vanillin.
In 2021, Symrise AG announced that it had entered into a joint venture with BioAmber Inc. to produce bio vanillin from plant-based feedstock.
In the same year, Kemin Industries, Inc. announced that it had launched a new bio vanillin product that is made from sugarcane.

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Segmentation Analysis of the Bio Vanillin Market

By Application:

Food & Beverages
- Ice Cream
- Bakery and Confectionery
- Chocolate
- Other foods
Pharmaceuticals
Fragrances
Cosmetics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia

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Pea Starch Market to Reach USD 241 Million by 2034, Fueled by Growing Demand for Gluten-Free and Plant-Based Ingredients

The global pea starch market value is slated to total USD 130 million in 2024 and USD 241 million. Global sales of pea starch are estimated to surge at a CAGR of around 13.1% during the assessment period.

Several factors are stimulating growth of the pea starch market. These include rising demand for gluten-free ingredients, growing health and wellness trends, increasing interest in plant-based foods.

Pea starch’s popularity has a basis in peas’ public presence. The ingredient has been trusted for ages, whether it be their protein or flakes, and this trust is translating into the pea starch industry.

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The pea starch industry is slated to progress rapidly through 2034. Pea starch’s status as a gluten-free ingredient is winning it a plethora of supporters. In addition to the already gluten intolerant people, many other people are embracing gluten-free diets.

A large contributor to this shift of people is the fitness and gym culture propagating throughout the world. Celebrity fads are also contributing to many consumers turning gluten-free. The status of the product as a non-GMO ingredient is also helping it become more of a common entity in food formulation.

Pea starch is also climbing in popularity as an ingredient in weight loss products. The inclination of fitness enthusiasts is for organic ingredients, and, thus the starch is being used more in weight loss regimes.

The promotion of starch as an alternative is also supposed to add significant value to the market. Pea starch is replacing potato and tapioca starch in numerous food formulations. Similarly, high adoption of pea starch in bakery products will likely boost sales growth

Key Takeaways from the Pea Starch Market

The pea starch market is expected to be USD 130 million in size in 2024.
Based on nature, conventional is expected to account for 81.5% of the market share in 2024.
By end use, bakery products segment is anticipated to account for a share of 24.4% in 2024.
The United States is set to register a CAGR of 6.6% from 2024 to 2034.
Germany and the United Kingdom are predicted to record CAGRs of 5.6% and 4.3% respectively.

“Manufacturers in the pea starch market are relying on technology to get ahead in the market. The streamlining of production processes is a common strategy among industry players.,” says a lead analyst at Future Market Insights (FMI).

Who is Winning?

The pea starch market is highly competitive, with players of all scales looking to establish themselves in the landscape. Top companies in the market are competing with smaller brands to establish themselves in the marketplace. Some of the prominent companies in the market include Axiom Foods Inc., Dakota Dry Bean, Parrheim Foods, and Cargill Inc.

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Recent Developments in the Pea Starch Market

In May 2024, an alliance was struck between BioNeutra Global Corporation, Protein Industries Canada, and others to innovate in pea starch for food formulation.

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

The study incorporates compelling insights based on nature (organic and conventional), grade (feed grade, food grade, and industrial grade), application (thickening and binding, gelling, texturizing, and others), and end use (soups and sauces, snacks and savory, bakery products, food processing industry, cosmetics, pharmaceuticals, and pet food industry) across several regions.

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Potato Flake Market Set to Grow to USD 11.92 Billion by 2034, Fueled by Rising Demand in Food Processing and Food Service Industries

The potato flake market is estimated to be worth US$ 8,056.80 million in 2024. Well-established popularity of processed food and snacks is making sure the demand for potato flakes remains strong. There is thus a firm base for the market to progress.

Through the year 2034, potato flake demand is set to progress at a CAGR of 4.8%. The food service industry is making increasing use of potato flakes as a thickening agent, in the preparation of delicacies such as soups and sauces. Mashed potatoes becoming more popular in non-traditional markets, such as Japan and China, which is also seeing the demand advance for the product.

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By 2034, it is forecasted that the market value will have reached US$ 12,824.10 million. Through the forecast period, the number of vegan and vegetarian people is anticipated to rise substantially. With potato-based products being a common fixture in vegan and vegetarian diets, the demand for potato flakes is anticipated to progress strongly in the forecast period.

There are however stumbling blocks in the path of the market. Bad quality potatoes, resulting in mediocre potato flakes, are a risk that market players have to face up to. Alternatives like arrowroot and cornstarch, as thickening agents, also eat into the progress of the market.

“Through the presence of the burgeoning food and food service industry, the demand for potato flakes is inflating. While the market has some inherent drawbacks, investors are investing in expanding production facilities to keep the demand moving. Thus, the market presents opportunities for investors,” says an analyst at FMI.

Key Takeaways from the Potato Flake Market

The potato flake market is anticipated to be US$ 8,056.80 million in value in 2024.
Frozen potato flakes top the form segment in the market. For 2024, frozen potato flakes are expected to account for 56.7% of the market share.
Food service/HoReCa industry makes predominant use of potato flakes. For 2024, food service/HoReCa industry is anticipated to account for 44.1% of the market share.
India is a promising country for the market. The CAGR for India over the forecast period is forecasted to be 7.8%.
Germany is a country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for Germany is pegged at 5.5%.
The market is expected to register a CAGR of 3.3% in the United States over the forecast period.

Competition Analysis of the Potato Flake Market

Market players are concentrating on improving production facilities to advance in the market. With the expanding food industry, market players are targeting geographic expansion. Some of the prominent companies in the market include Nestlé S.A., Bob’s Red Mill Natural Foods Inc., Idahoan Foods LLC, and McCain Foods.

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Recent Developments in the Potato Flake Market

In March 2024, HyFun Foods announced plans to set up three new potato processing plants in India.
In February 2024, the Emsland Group laid out plans to more than double its production numbers at its potato processing facility in Emlichheim, Germany.

Key Segments

By Nature:

Organic
Conventional

By Form:

Frozen
Dehydrated

By End Use:

Business to Consumers
- Hypermarket/Supermarket
- Convenience Store
- Specialty Store
- Traditional Grocery
- Online Retailers
Business to Business
- Food Service Industry/HoReCa
- Food Industry
  - Soups & Premixes
  - Bakery
  - Snacks
  - Frozen Food
  - Baby Food
  - Meat Processing
  - Animal Feed

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

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Rising Demand: Vitamin Gummies Market Expected to Reach USD 7.35 Billion by 2033, Driven by Health-Conscious Consumers

According to FMI, vitamin gummies are likely to generate US$ 4050 million by 2023. A CAGR of 6.5% is forecast for the market between 2023 and 2033, indicating a US$ 7352.3 million market. As multivitamin gummy provides critical support for all-around health and well-being demand for these gummies is expected to grow in demand. As convenient and enjoyable forms of vitamin and mineral intake, they contribute to optimal body function by filling nutrient gaps.

Gummies such as these are especially valuable for people who follow strict diets, have a difficult time eating, or are busy. As a result, they ensure that the essential nutrients are received, which support vitality and proper body function. Research is being conducted on vitamin gummies in order to increase their demand. Increasing investments are being made in this research, which is increasing the demand for vitamin gummies. The demand for diet alternatives that are healthy and balanced is driven by supplements.

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Gummies have garnered a great deal of attention in the beauty and wellness industry over the last few years with the advent of Covid-19 last year. In addition to providing multiple vitamins, gummies can also help regenerate hair and skin.

Key Takeaways from the Market Study

The global market for vitamin gummies is expected to reach US$ 6903 million by 2032.
Globally, the United States accounted for 24.7% of the vitamin gummies market share in 2022.
The market for vitamin gummies is expected to rise by 6.3% CAGR between 2022 and 2032.
China accounted for an 11.2% CAGR in 2022, indicating continued growth in the market.
According to projections, the Japanese market accounted for 4% of the global market by 2022.
In 2022, Germany was responsible for 7.2% of the global market share for vitamin gummies in the market.
The vitamin gummies market generated a CAGR of 6% between 2018 and 2022.

“Vitamin gummies will enjoy sustained demand for years to come due to their innovative flavors and attractive packaging. Natural products and premium pricing are expected to drive vitamin gummies’ growth in the market.” says an FMI analyst.

Competitive Landscape

The business of vitamin gummies is growing as many companies form strategic partnerships and collaborate with other businesses. There is a growing trend among vitamin gummies market players to invest heavily in research and development, to develop new products, to expand their geographic presence, as well as to establish partnerships in order to grow their customer base.

On March 2023, SmartyPants Vitamins announced the launch of its most innovative multivitamin to date—SmartyPants Sugar-Free Multi & Omegas. The Sugar-Free Multi & Omegas from SmartyPants don’t contain sugar alcohols like other sugar-free gummies. In addition to having zero grams of sugar and zero grams of net carbohydrates, this new all-in-one supplement is sweetened using monk fruit extract and allulose to avoid digestive upset.
On April 2023, Centrum launched gummies with specialized nutrition in India. Now in India, the company offers a wide range of enjoyable gummies packaged in a high-science supplement format – ‘Benefit Blends’. As Indian consumers live a hectic lifestyle, there are several nutrition gaps that are emerging. According to the company, the new specialized nutrition line is 100 percent vegetarian, gluten-free by nature, and non-habit forming.

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Know More about What the Vitamin Gummies Market Report Covers

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

To understand opportunities in the vitamin gummies market, the market is segmented based on product type, customer orientation, source, packaging type, and sales channel industry type across six major regions.

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Inactive Dried Yeast Market to Reach USD 1,145 Million by 2034, Driven by Strong 11.9% CAGR | FMI Study

The global inactive dried yeast market value is poised for significant growth, with a projected CAGR of 11.9% from 2024 to 2034. According to recent market analysis, the market is expected to expand from USD 652.3 million in 2024 to an impressive USD 1,145 million by the end of the forecast period. This surge in market value highlights the robust demand and diverse applications of inactive dried yeast across various industries.

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Key Takeaways from the Inactive Dried Yeast Market Study

The use of the internet, blogs and social media to access available information about various chemicals and ingredients is increasing. It is a consumer-driven trend since they are getting increasingly worried about the effects of ingredients present in food and cosmetic products. This is changing consumer’s buying pattern and behaviour. This has positively affected demand for natural ingredients in the food and beverage industry.
Among various application segments, the usage of inactive dried yeast in the food and beverage industry is most common. Owing to the increasing health awareness and growing preference for a healthy diet with low fat, sugar, salt, and high protein content food, the demand for inactive dried yeast is expected to be more in the forecast period.
The global inactive dried yeast market has been segmented on the basis of form, in terms of which powder form holds the major share. However, in the coming years, the capsule form is expected to show optimistic growth due to its increasing use in different industries for multiple purposes.
Western Europe and North America are anticipated to dominate the global inactive dried yeast market in terms of value. The demand for inactive dried yeast is considerably high in Latin America, which is expected to show a high growth rate over the forecast period. Due to the increasing health consciousness among the people and their awareness regarding chemical ingredients and their effect on human health, the demand for inactive dried yeast is rising in Latin America.

“The market for inactive dried yeast is driven mainly by increasing consumption of natural and plant-based food. The market will therefore gain from the ongoing trend of vegan food. Additionally, the tendency of the consumer to adopt the Western style of food habits in emerging countries is increasing the opportunity for inactive dried yeast in the global market owing to the high usage of inactive dried yeast in the backing and confectionary.” says FMI report

Investment Opportunities

The rising demand for inactive dried yeast across various sectors presents numerous investment opportunities. Companies are investing in research and development to refine production processes and reduce costs, enhancing their competitive edge. Additionally, partnerships and acquisitions are expected to play a key role in market expansion.

Key Players

Prominent companies in the inactive dried yeast market include:

Associated British Foods PLC
Koninklijke DSM N.V.
Kerry Group PLC
Angel Yeast Co., Ltd.
Chr. Hansen Holdings A/S
Sensient Technologies Corporation
Lallemand Inc.
Leiber GmbH
Oriental Yeast Co., Ltd.
Lesaffre Group

Sales Channel

B2B
B2C
- Modern Trade
- Specialty Store
- Convenience Store
- Online Retail
- Other Sales Channels

Nature

Organic
Conventional

Form

Powder
Flakes
Tablet
Capsule

Fortification

Fortified
Unfortified

Application

Food & Beverage
- Bakery & Confectionery
- Beverages
- Soups, Sauces, & Seasonings
- Functional Foods
Dietary Supplements

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Several leading market players are opening new units to expand their footprint and product portfolio. Along with that they are adapting new strategies to compete in the market. Besides this, partnership often allows them to gain a competitive advantage.

Angel Yeast announced the opening of the second factory in Egypt is expected to be operational. (Production capacity of 35,000 MT).
ICC Brazil and Lallemand Inc. entered into the partnership for research, development, and supply of inactive yeast products and derivatives from sugar cane ethanol. Supply of yeast cell wall products and yeast derivatives form ICC Brazil will be marketed under the Lallemand under its brand.
Biorigin announced to start the expansion plan of its production in Louisville, U.S. with US$ 3.5 Mn. Which will start in 2019. This venture will double the production capacity of its bio enhance line.

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Nutritional Yeast Market Poised for Robust Growth, Projected to Reach USD 894.07 Million by 2034 with 13.3% CAGR | FMI Study

According to the recent FMI report, the sales for nutritional yeast has estimated that the industry is set to reach a net worth of US$ 257.38 million in FY 2024. Reflecting on current consumer trends, key players are offering multifunctional food and beverages that contain healthy ingredients like nutritional yeast, also known as deactivated yeast.

The nutritional yeast market is en route to attaining US$ 894.07 million by 2034. During this time, the market is expected to increase at a CAGR of 13.3%. As players in the HORECA sector seek to elevate their dining experience to attract more customers, deactivated yeast for seasoning is predicted to rise.

Selenium promotes regular immune system function, while chromium is required for maintaining appropriate blood glucose levels. Yarrowia lipolytica is a lesser-known species that contribute to the creation of bioavailable proteins, essential amino acids, minerals, organic acids, polyalcohols, carotenoids, fragrance compounds, single-cell oil, and microbial surfactants, among other things.

Vegans, vegetarians, athletes, convalescents, and the young population going through puberty can all benefit from nutritional yeasts. Furthermore, some yeast species have the characteristics that make a microorganism a probiotic. S. boulardii is one of them, and it’s very useful for antibiotic-associated diarrhoea and recurrent Clostridium difficile intestinal infections.

Due to their high vitamin (particularly B-complex) and mineral content, as well as their role in the creation of microbial proteins, beta-glucans, and mannans, Saccharomyces cerevisiae has been shown to have health-promoting properties. As a result, many vegans and health-conscious people use brewer’s yeast as a nutritional supplement. Furthermore, numerous yeast species have the traits that make a microbe probiotic.

Specific strains of S. cerevisiae are found in yeast supplements, occasionally in combination with lactic acid bacteria. They have cancer-preventive qualities and may be beneficial to diabetic individuals. It is, therefore, boosting the adoption of nutritional yeast in the pharmaceutical industry in various parts of the world.

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Key Takeaways from the Nutritional yeast Market Study:

North America is the leading region for the nutritional yeast market, owing to the growing number of vegetarians and vegans who are gravitating toward nutritional yeast products, which is fueling the industry’s growth. North American nutritional yeast market stands at a market value of USD 26.4 Mn in 2024.
As a result of the pandemic, “panic-buying” for groceries and food items became more common. Yeast products, both active and inactive, were in high demand at supermarkets. The sales channel stands at a market value of USD 4.8 Mn in 2024.
Several organic yeast producers claim that their products can be used as a substitute for MSG. The organic nutritional yeast market is expected to grow to a market value of USD 7.8 Mn in 2034.
Nutritional yeasts are one of the most popular cheesy food products. As a result, nutritious yeasts are increasingly being substituted for dairy products in a variety of dishes. Its application in the bakery industry is expected to attain a market value of USD 18.2 Mn in 2034.

“The players in the nutritional yeast market can keep a stronghold on the developments in the market posing opportunities for application of nutritional yeast. The major businesses are concentrating their efforts on new releases and significant investments in R&D. These actions give them a much-needed competitive advantage over their competitors. They are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency.” said a lead analyst at FMI.

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Who is winning?

Key players operating in the global nutritional yeast 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 nutritional yeast are Lessafre Group, Angel Yeast, Alltech AB Mauri, The Archer Daniels Midland Company, Chr. Hansen A/S, Biomin, Cargill Inc., Leiber GmbH, Bragg Premium, and others.

Nutritional Yeast Market By Category

By Nature, Nutritional Yeast Market is Segmented as:

Organic
Conventional

By End-Use, Nutritional Yeast Market is Segmented as:

Food Industry
- Dietary Supplement
- Bakery
- HoReCa
- Snacks and sausage
- Sport Drinks
Livestock
Pharmaceutical
Poultry
Others

By Distribution Channel, Nutritional Yeast Market is Segmented as:

Convenience Stores
Supermarkets
Hypermarkets
Online Stores
Others

By Region, Nutritional Yeast Market is Segmented as:

North America
Latin America
Europe
Asia Pacific
Oceania
MEA

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Natural Antioxidant Market to Reach USD 3.8 Billion by 2034: Insights on Growth Driven by Personalized Nutrition Trends

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of natural antioxidants are anticipated to reach a valuation of US$ 2.3 billion in 2024, driven by increasing preference of personalized nutrition. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.1% between 2024 and 2034, and reaching a total valuation of approximately US$ 3.8 billion by 2034.

The natural antioxidant market is expanding into emerging markets such as Asia Pacific and Latin America, driven by changing consumer preferences, increasing disposable incomes, and growing awareness of health and wellness. The regions offer significant growth opportunities for market players.

Collaboration and partnerships between ingredient suppliers, food and beverage manufacturers, pharmaceutical companies, and research institutions are driving innovation and product development in the natural antioxidant market. Strategic alliances enable companies to leverage complementary strengths and resources to capitalize on market opportunities.

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The anti aging and beauty enhancement benefits of natural antioxidants are driving demand for skincare, haircare, and beauty products fortified with antioxidant rich botanical extracts and oils. Consumers are seeking natural alternatives to synthetic ingredients for maintaining youthful skin and hair health.

The rise of health and wellness tourism, which involves traveling to destinations known for their natural healing properties and wellness offerings, presents opportunities for natural antioxidant rich supplements, beverages, and spa treatments. Wellness focused resorts and retreats are incorporating antioxidant rich foods and beverages into their menus to cater to health conscious travelers.

Continued investment in research and development by industry players and academic institutions is driving innovation in natural antioxidant extraction methods, product formulations, and applications. Research and development efforts are focused on enhancing the efficacy, safety, and sustainability of natural antioxidants for use in various industries.

Key Takeaways from the Market Study

Global natural antioxidant market was valued at US$ 1,733.7 million in 2019.
From 2019 to 2023, the market demand expanded at a CAGR of 4.7%.
The market in Japan is expected to expand at a CAGR of 4.6% through 2034.
By product type, the vitamins segment to account for a share of 78.5% in 2024.
The market in the United States is expected to expand at a CAGR of 7.0% through 2034.
In terms of source, the fruits and vegetables segment to account for a share of 41.1% in 2024.

“Innovation in product formulations and delivery systems, such as encapsulation, nanoemulsions, and microencapsulation, is enabling improved stability, bioavailability, and targeted delivery of natural antioxidants. The advancements enhance the efficacy and consumer appeal of antioxidant rich products,” – Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive Landscape

Prominent players in the natural antioxidant market are Ajinomoto Co Inc, Naturex S.A., Koninklijke DSM N.V., Adisseo France SAS, BASF SE, du Pont de Nemours and Company, A & B Ingredients Inc., Hansen A/S, The Archer Daniels Midland Company, Cargill Inc., and A and B Ingredients, among others.

Company Portfolio

Koninklijke DSM N.V. is a multinational company that produces a variety of nutritional and health products, including natural antioxidants. They offer antioxidants derived from natural sources like fruits, vegetables, and plant extracts for use in food and dietary supplements.
BASF SE is a diversified chemical company offering solutions for various industries, including food and nutrition. They likely provide natural antioxidants as part of their portfolio for food preservation and dietary supplements.

Segmentation Analysis of the Natural Antioxidant Market

By Product:

Vitamins
Carotenoids
Polyphenols

By Nature:

Organic
Conventional

By Source:

Fruits and Vegetables
Herbs and Spices
Microalgae and Seaweed

By End Use:

Food and Beverages
- Meat, Fish and Poultry
- Spice and Condiments
- Oil, Fat and Margarine
- Packaged Food
- Bakery and Confectionery
- Others
Cosmetics
- Skin Care
- Hair Care
Nutraceuticals
Pharmaceuticals
Feed Industry

By Region:

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

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