Market Research Blog – Page 1990 – New Product Development

EV Lighting Market Expands at 21.7% CAGR, Projecting USD 20,902 Million by 2033

The EV lighting market is set to experience impressive growth, projected to accelerate at a remarkable CAGR of 21.7% over the coming years. By 2033, this dynamic market is expected to surpass a staggering USD 20,902 Million. This surge is driven by the increasing adoption of electric vehicles, which demand advanced and efficient lighting solutions.

These lighting systems are crucial for enhancing vehicle safety, improving energy efficiency, and providing better visibility. As more consumers and manufacturers embrace electric vehicles, the EV lighting market will continue to expand, reflecting the broader shift towards sustainable and innovative automotive technologies.

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Key Takeaways from the EV Lighting Market Study Report:

FMI finds the net revenue generated by the EV lighting companies present in the United States was USD 232.8 million in 2022. It transpires to be around 9.7% of the global market share and makes it the leading region for this market.
Germany follows the United States in production and sales of EV lighting and generated a revenue of USD 204 million in the year 2022. By capturing an overall market share of 8.5%, it stands as the leading region for EV lighting manufacturers in the European Union.
Contrarily, the United Kingdom has witnessed a higher growth rate in demand for EV lighting over the past few years. As per the analysis report, it is projected to witness a growth rate of 19.8% from 2023 to 2033.
Meanwhile, China is leading the Asia Pacific market in the production and distribution of EV lighting for electric vehicles. Over the coming next ten years, the China EV lighting market is expected to grow at an annual rate of 22.7%.
Japan, on the other hand, with a robust manufacturing base, holds a substantial share of the regional and global EV lighting market.
By the end of 2033, the overall valuation of the Japan EV lighting market is projected to reach USD 272 million.
The demand for EV lighting in India is witnessed to be higher than in any other country in the Asia Pacific and beyond. The year-on-year growth rate of the sales of EV lighting in India is anticipated to remain at nearly 25.4% from 2023 to 2033.
Another emerging region in the Asia Pacific for the sales of EV sales is observed in Australia with a 1.3% market share. With the growing popularity of electric vehicles in the country, the net worth of the total EV lighting to be sold here is projected to reach USD 146.3 million by 2033.
Based on different types of technology utilized for the production of EV lighting, the light emitting diodes (LEDs) are mostly preferred now. This market segment dominates the market by contributing 68.9% of the total demand for EV lighting and generated USD 1,653.6 million in 2022.

Competitive Landscape:

The global EV lighting market is prominently shaped by leading key players such as Denso Corporation, Hella GmbH, Hyundai Mobis, Koito Manufacturing, Koninklijke Philips N.V., Osram GmbH, Robert Bosch GmbH, Stanley Electric Co., Valeo, and ZKW. These industry leaders are at the forefront of innovation, driving advancements in electric vehicle lighting technology. Their collective expertise spans across a wide range of lighting solutions, from adaptive headlights to energy-efficient LED systems, catering to the evolving demands of electric vehicle manufacturers worldwide. With a strong focus on sustainability, safety, and enhancing driver experience, these companies continue to play a pivotal role in shaping the future of automotive lighting for electric vehicles globally.

One of the top companies in the LED and EV lighting sector is Koito which is known as a trendsetter in the application of unique lights in electric vehicles. When it introduced headlamps on a Lexus car back in 2007, it had an advantage due to its tight relations with Toyota which is now the world’s top seller of EVs.

In 2018, the new Audi A8’s rearlight combination, HELLA GmbH & Co. introduced integrated OLED technology that delivers a homogeneous look and fully programmable portions.

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EV Lighting Market Segmentation:

By Light Type:

Halogen
Xenon or HID
Light Emitting Diode (LED)
Others

By Vehicle Type:

Electric Passenger Cars
Electric Commercial Vehicles
Electric Two Wheelers (E2W)
Others

By Sales Channel:

Original Equipment Manufacturers (OEM)
Aftermarket
Others

By Region:

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

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Global Vegan Confectionery Market Growth on Track for 7.3% CAGR, Reaching USD 3.33 Billion by 2034 | FMI

The global vegan confectionery market is experiencing a surge in popularity, driven by a confluence of consumer trends and ethical considerations. This market, valued at USD 1.38 billion in 2024, is projected to reach a staggering USD 3.33 billion by 2034, reflecting a compelling CAGR of 9.2%. This growth trajectory presents a lucrative opportunity for B2B investors seeking exposure to the thriving plant-based food sector.

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Demand on the Rise – Vegan Confectionery Market:

Shifting Dietary Preferences: Consumers are increasingly adopting vegan or plant-based diets due to health concerns, environmental consciousness, and ethical considerations regarding animal welfare. This trend is particularly prevalent among millennials and young professionals.
Focus on Health and Wellness: Vegan confectionery is often perceived as a healthier alternative to traditional sweets. These products are typically made with natural ingredients, lower in sugar and fat, and free from artificial additives and preservatives. This aligns perfectly with the growing health and wellness movement.
Rising Awareness of Veganism: Social media campaigns, celebrity endorsements, and documentaries promoting veganism have significantly increased public awareness of this lifestyle choice. This has led to a surge in demand for vegan products across all food categories, including confectionery.

The vegan confectionery market presents numerous opportunities for businesses, including the development of innovative and sustainable food products. With the use of advanced technologies, such as plant-based ingredients and eco-friendly packaging, companies can create products that appeal to the growing demand for ethical and sustainable food choices. Additionally, the incorporation of functional ingredients, such as protein and fiber, can enhance the nutritional value of vegan confectionery products.

Growing Factors – Vegan Confectionery Market:

Manufacturers are constantly innovating and expanding their product lines to cater to diverse consumer preferences. This includes introducing new flavors, textures, and formats of vegan confectionery products, such as chocolates, gummies, candies, and desserts.
Vegan confectionery is becoming increasingly accessible to consumers, with major retailers stocking a wider variety of these products. This wider availability fuels market growth and brand awareness.
Consumers are increasingly concerned about the environmental impact of food production. Vegan confectionery aligns well with this trend, as plant-based ingredients generally have a lower environmental footprint compared to traditional dairy-based products.

“The future of the vegan confectionery market appears to be promising, with sustained growth expected in the coming years. As consumers prioritize ethical and sustainable food choices, companies prioritizing product innovation and sustainability can seize exciting opportunities in this dynamic market,” -says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Key Takeaways – Vegan Confectionery Market:

The global vegan confectionery market is estimated to register a CAGR of 7.3% with a valuation of USD 3,327.8 million by 2034.
The global market registered a CAGR of 9.2% during the historical period.
BENELUX is anticipated to dominate the global market by registering an 11.9% CAGR during the forecast period.
With a 10.3% CAGR, the United Kingdom is expected to drive the global market through 2034.
The market in Germany is anticipated to secure a CAGR of 9.2% during the forecast period.

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Key Strategies – Vegan Confectionery Market:

Significant development and expansion have occurred in the vegan confectionery industry during the last several years. One primary reason for this growth is the entry of several players into the market, which has expanded the market.

The top players in the market concentrate on launching premium, nutrient-rich products to satisfy a range of consumer tastes and preferences and stay competitive. Producers are also expanding their production capacities to fulfill the rising demand for vegan candy while maintaining the nutritional value of their products.

Recent Developments – Vegan Confectionery Market:

In November 2023, NOMO, a vegan and free-from chocolate brand based in the United Kingdom, launched a new lineup of its unique pop-up chocolate initiative featuring several traditional and contemporary flavors.
In October 2023, Fruit-Tella decided to completely transform its ‘chew’ and ‘stix’ products to appeal to a broader consumer base. The new vegan confectionery will be made with natural colorings and flavors and incorporate real fruit juice.
In April 2023, Hershey’s launched dairy-free alternatives for Reese’s peanut butter cups and Hershey’s cream infused with almonds and sea salt.

Key Companies – Vegan Confectionery Market:

Mondelez International
Nestlé
Barry Callebaut
So Delicious Dairy Free
Hershey Company
Mars Incorporated
Kellogg Company
Taza Chocolate
Alter Eco
Freedom Confectionery
Dylan’s Candy Bar
Endorfin
Goodio

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Related Reports of Food and Beverages Domain:

The global collagen casings market is estimated to be worth around USD 1,506 million in the present year. As per the market trends, the net valuation could register an annual growth rate of 5.9% between 2023 and 2033. Furthermore, FMI predicts the market is expected to reach USD 2,672.6 million by the end of the forecast period.
The global banana flour market is anticipated to reach a valuation of USD 628.7 million in 2024. The industry is projected to be worth USD 892.8 million by 2034, rising at a CAGR of 3.6% between 2024 and 2034.
The global oat protein market is expected to reach a market valuation of USD 51 Million by the year 2022, accelerating with a CAGR of 4.4% by 2022 to 2032, to reach a value of USD 75.8 Million by 2032.

Market Segmentation – Vegan Confectionery Market:

By Product:

Vegan Chocolate Bars
Vegan Truffles
Vegan Gummies and Jellies
Vegan Marshmallows
Vegan Hard Candies
Vegan Licorice
Vegan Caramels
Vegan Fudge
Vegan Baked Goods
Vegan Puddings and Desserts
Vegan Chocolate Spreads

By Distribution Channel:

Food Service (HoReCa, Bakeries & Patisseries)
Airport Retail
Travel Retail (airplanes, Cruise ships)
Retail

- Hypermarkets/Supermarkets
- Convenience Stores
- Departmental Stores
- Wholesale Stores
- Independent Retailers
- Specialty Stores
Online Retailers

By Region:

North America
Europe
Asia Pacific
Latin America
The Middle East & Africa

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Sweetener Market Growth: Anticipated to Reach USD 16.9 Billion by 2034

The global sweetener market is anticipated to reach a valuation of USD 10.8 billion by 2024, with a projected CAGR of 3.8%, likely expanding to USD 16.9 billion by 2034.

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Natural sweeteners, the second-largest product category, have a global market share of about 22%. During the projection period, this category is expected to increase market share.

The main global sweetener competitors are expanding their financial and geographic reach. Furthermore, because there aren’t many buyers and sellers, most organisations are focusing on cost-cutting strategies.

Sweeteners’ most prevalent application is in the food and beverage industry. This category accounts for roughly 70% of current revenue. The food and beverage industry will be the most important application segment during the course of the forecast. In terms of revenue, the market will be worth over US$ 157.7 billion by 2032. Demand for food and beverages is predicted to grow at a 3.8% CAGR between 2022 and 2032.

Dairy goods and drinks are the two biggest sub-segments in the food and beverage industry. Together, these two sub-segments represent 40% of total revenue.

Sweetener Market Trends

Growing disposable income is propelling the expansion of the confectionery, bakery, and dairy sectors, driving the sweetener market’s growth.
Consumers’ preference for clean-labeled products like low-calorie, sugar-free, and additive-free options is boosting the sweetener market.
Increased investment in research & development and supply chain analysis is expected to expand the global sweetener market.
Limited availability of expensive raw materials is likely to result in higher prices for natural and organic sweeteners.
Rising obesity rates among consumers are a significant growth factor for the organic and natural sweetener market.

North America Sweeteners Market

In North America and around the world, sucrose remains the most popular product category. In terms of sales, sucrose presently accounts for roughly 55% of the North American market. Sucrose demand in the North American sweetener market will continue to rise due to its use in the food and beverage industries. The food and beverage sector accounts for more than 71% of North America’s revenue, and it will remain crucial during the predicted period.

Increasing middle-class awareness in China and India is a key element driving rising demand for sweeteners in Asia Pacific excluding Japan. The APEJ sweetener industry is expected to grow steadily, creating new opportunities for manufacturers. Given the sheer volume and scale of demand in APEJ, several firms are attempting to consolidate their position in the market.

Key companies profiled in the report include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White house foods, Spectrum Organic Products, LLC, Higher Nature Limited., Vitane Pharmaceuticals, Inc., the kraft heinz company, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amfac, Inc.(American Garden), Mautner Markhof Feinkost GmbH, GNC holdings inc, Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc., Eden Nuganics, Viva Naturals, Health Connection Wholefoods.

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Sweetener Market: Segmentation

By Sweetener Type :

novel sweeteners
natural sweeteners
sugar alcohol
sucrose
artificial sweeteners

By Industry :

food & beverage (sweet spreads, bakery goods, beverages, dairy products, confectionery & chewing gums and others)
direct sales
pharmaceuticals
others.

By Region :

Eastern Europe
Japan
Middle-East & Africa (MEA)
Latin America
Asia-Pacific excluding Japan (APEJ)
Western Europe
North America

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Organic Milk Powder Market Poised for 5.4% CAGR Growth by 2032, Fueled by Global Demand for Organic Goods, Reports FMI

The global organic milk powder market will grow at a CAGR of 5.4% during the forecast period, predicts Future Market Insights. As a result, it is predicted that the market for organic milk powder will increase from US$ 2.3 billion in 2022 to US$ 3.9 billion by 2032.

The various types of organic milk powder comprise skimmed milk, whole milk, and buttermilk and whey. Among these, the whole milk segment is predicted to hold the dominant share of 53.6% by 2017 and is projected to rise at an impressive CAGR of 5.8% during the forecast period. The dominance of the segment is attributed mainly to the extensive demand for these for a variety of applications, including chocolates.

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The various regions for the market for organic milk powder are North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA). Of these, North America is expected to the most attractive market, fueled by the prominent presence of certified organic dairy farmers.

Vast Nutritional Benefits to Fortify Demand

The demand for organic milk powder among health-conscious populations in various parts of the world is attributed primarily to the recognition of a number of benefits they have, such as high-shelf life, assured quality, and nutritional benefits, notably the presence of mega 3 fatty acids. The rising preference of organic milk powder over ordinary milk among people of various age is driven by these health benefits. The growing demand for non-GMO and gluten free ingredients in packaged milk products is a key factor bolstering the demand for organic milk powders.

The growing demand for wholesome foods among families in various countries to act as a nutritional supplement to health drinks is a crucial factor expected to boost the market. The growing number of certified organic dairy farmers in developing and developed countries is a crucial trend expected to accentuate the market in the coming years. The marked consolidation of organic dairy industry, notably in North America, is a prominent trend expected to bode well for the overall organic milk powder market. This has led to a rise in imports volume, especially in the U.S.

Rising Number of Certified Organic Dairy Farmers Unlock Exciting Opportunities

The rising popularity of organic products in various developing and developed regions is expected to stoke the demand for organic milk powder market. However, the notable disparity in the supply and demand of organic milk powder in major regions, is a key factor likely to hinder the growth of the organic milk powder market to an extent. The insufficient supply of organic milk powder can be attributed to the paucity of modern dairy firms, stringent regulatory norms in developed nations to set up organic diary firms, marked transition period for conventional firms to turn into organic firms.

Nevertheless, the rising number of certified organic dairy farmers and recent advancements made in organic farming are key factors anticipated to accentuate the market over the forecast period. The introduction of products with advanced formulations also bodes well for the global organic milk powder market.

Key players :

Some of the leading players operating in the market include Nestlé SA, Prolactal GmbH, B. Engelhardt & Co AB, Holle babyfood GmbH, Bellamy’s Organic, Ingredia SA, Organic Valley, Aurora Foods Dairy Corp., HiPP GmbH & Co. Vertrieb KG, and Fonterra Co-operative Group, notes Future Market Insights (FMI). A number of players are focused on making constant product launches in order to consolidate their shares in various regions.

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Key Segments Covered

By Type:

Skimmed Milk
Whole Milk
Buttermilk & Whey

By Sales:

Direct Sales
Indirect Sales
Modern Trade
Convenience Stores
Online Retailers
Others

By End-Use:

Food
Dairy
Bakery
Confectionery
Beverages
Dietary Supplements
Cosmetics & Personal Care

By Region:

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
Africa
Middle East

About Future Market Insights (FMI)

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

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Global Fermented Dairy Ingredients Market Forecast to Hit USD 16.5 Billion by 2033 | FMI

The global fermented dairy ingredients market is expected to accumulate USD 7,884.0 million in value by 2023-end. During the forecast period ranging from 2023 to 2033, a CAGR worth 8.2% has been projected for the market, with an expected closing value worth USD 16,485.5 million. During the 2018 to 2022 historical period, the industry grew at a value CAGR worth 8.1%.

Fermentation of dairy products such as cheese, yogurt and butter are a natural process to use microorganisms, such as good bacteria to break down the carbohydrates for the conversation of sugars into organic acids or organic alcohols. Traditionally, this practice was adopted just to preserve food and increase the shelf-life of dairy products, but modernization has increased the usage of fermentation as more than just a preservative.

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The surge in the fermented dairy ingredients market can be attributed to the following factors

Advantages on the overall health	FMI researchers remark that there has been a rapid increase in the number of health-conscious consumers and the rising awareness about the benefits of the probiotic bacteria in fermented dairy ingredients on a massive scale creates revenue generation opportunities.
Increasing consumption of dairy products	The millennials and GenZ are attracted to the low-fat content and unique flavors of fermented dairy ingredients, and thereby the market has seen a positive shift towards the increased consumption of processed cheese and other dairy products in the food industry.
Escalated demand for flavored milk	Kefir, a fermented tangy milk drink produced by kefir grains, is loaded with health benefits. This leads to an amplified demand for kefir in recent years due to consumers’ preference of a healthy and nutritional diet. With the increasing demand of such flavored milk, the fermented dairy ingredients market players experience a boost.

The major challenge posed to the fermented dairy ingredients market is the storage related issues. The requirement for a proper storage system to prevent the dairy products from getting sour is a big challenge for manufacturers. Moreover, the frequent changes in price of fermented dairy products create a disturbance in the market impacting growth.

Key Takeaways

The United States controls the worldwide fermented dairy ingredients industry with a value share of 19.4%.
Germany accounts for 7.1% of the overall value of the global fermented dairy ingredients market.
Australia has 2.7% of the global market for fermented dairy ingredients.
China is exhibiting a phenomenal CAGR of 11.1% in the global fermented dairy ingredients industry.
In the global market for fermented dairy ingredients, India has a phenomenal CAGR of 5.6%.
Japan accounts for 4.3% of the global fermented dairy ingredients market value

Competitive Landscape

Key fermented dairy ingredients manufacturers are seeking ways to increase their market share with joint ventures, mergers, acquisitions and new product launches. The swelling dispersion of start-ups in the market has led to an increase in production quality and amplified global sales.

Some of the most known players in the fermented dairy ingredients market are

Cargill Incorporated
Kerry Inc
Archer Daniels Midland Company
Arla Foods Ingredients Group
CSK Food Enrichment
Dairy Connection
Corbion

Recent Developments

DairyChem is a natural dairy manufacturing business that specializes in providing a natural flavor encompassing both basic milk and milk components flavor through highly complex cheese and cultured dairy flavors. It introduced a variety of flavors ranging from butter flavors, cheese flavors, to blended natural dairy flavors.
Royal DSM, in April 2023, launched a Plant Power Toolkit for plant-based fermented products, like yogurt alternatives. It reduces the complexity of formulating plant-based fermented products and enhances quality.

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Fermented Dairy Ingredients Market by Category

By Product Type:

Cheese
Natural Cheese
Cultures
Enzymes
Starch
Modified Starch
Native Starch
Sweetener
Processed Cheese
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Flavored Milk:
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Yogurt:
Sponable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Drinkable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener

By Application:

Bakery
Dairy
Snacks
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Floral Flavor Market Forecasted to Reach USD 26.8 Billion by 2033, Says Future Market Insights

The floral flavor market is forecast to expand at 5% CAGR over the estimated time period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 16,390 million in 2023. The market value of the floral flavor market is anticipated to reach a high of USD 26,827.2 million by the year 2033.

The floral flavors are extensively used in craft beers, botanical mixes, food products, and ready-to-drink beverages. High demand for food and beverages infused with floral flavor is projected to catapult market growth. Ample health benefits are associated with floral flavors like the ease of urinary issues, effective bloating, cure of bone abnormalities like arthritis, and prevention of cognitive problems like insomnia, etc. Heightened awareness regarding the healthful advantages of floral flavors is projected to propel market development.

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Growing demand for clean labels and natural goods suffused with natural flavors, along with increasing health issues and discretionary incomes, is projected to positively influence the market. Changes in living standards and robust urbanization also augment the sale of floral flavors.

As cases of cognitive issues are rising, the use of chamomile tea and lavender lattes is increasing. Additionally, edible flowers as an alternative to sugar are seeing quite a surge. However, the market may dip due to lowered production and increased inflation.

Top competitors in the market are employing state-of-the-art competitive strategies to enhance their share in the market. Besides, the companies constantly evolve their product portfolio to extend their horizons.

Top Highlights from the FMI’s Analysis of the Floral Flavor Market:

The United States floral flavor industry is projected to account for more than 21.3% market share by 2023.
The German floral flavor industry is expected to surpass a market share of 5.1% in the forecast period.
The Japanese floral flavor industry is anticipated to account for above 4.6% in the next decade.
The Australian floral flavor industry gained a 3.3% market share in 2022.
The Indian industry is anticipated to propel at a CAGR of 22.3% over the forecast period.
The United Kingdom’s floral flavor industry is expected to expand at a CAGR of 5.8% in the upcoming years.
The China floral flavor industry is projected to register a CAGR of 5.4% in the next ten years.
Based on the product, the natural segment is estimated to account for a substantial market share.
Food and beverages are expected to be the leading end uses in the floral flavor industry.

Key Developments in the Floral Flavor Industry:

Firmenich and DSM revealed in May 2022 that they had reached a business combination agreement to set up a leading innovation and creative partner in beauty, nutrition, and well-being. The combination is projected to unite DSM’s excellent nutrition and health profile and world-renowned scientific expertise with Firmenich’s discrete Perfumery and Taste businesses.
Densient Technologies Corporation officially declared in October 2021 that it had obtained the assets of Flavor Solutions, Inc. The business offers flavor technologies and flavors to the beverage, food, and nutraceutical markets. Procurement of this business is projected to enable Sensient to widen its flavor portfolio and introduce key technologies to invigorate its technical solution capabilities.
Symrise agreed to obtain Giraffe Foods, a Canadian firm providing dips, sauces, syrups, etc., to business customers in retail, food service, and home meal replacement. This acquisition is projected to provide a broader range of taste solutions to more customers in North America.

“The floral flavor market, as indicated in our recent research study, is poised for significant growth. This market’s expansion is primarily driven by the burgeoning demand for floral-infused products in craft beers, botanical mixes, food items, and ready-to-drink beverages,” Nandini Roy Choudhury, Client Partner at Future Market Insights.

Some of the key companies increasing in the market are:

Givaudan S.A.
Symrise AG
International Flavors & Fragrances Inc.
Firmenich SA
Sensient Technologies Corporation
Takasago International Corporation
Frutarom Industries Ltd.
Robertet SA
S H Kelkar and Company Limited
International Taste Solutions Ltd.
Dohler GmbH
Blue Pacific Flavors, Inc.
Others

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Key Segments in the Floral Flavor Market:

By Raw Material:

Hibiscus
Lavender
Orange Flower
Rose
Jasmine
Cherry Blossom
Chamomile
Violette
Other

By Product Type:

Organic
Synthetic

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Organic Yeast Market Poised for Rapid Growth: Expected to Hit USD USD 763.4 Million by 2032, Surging at a 10% CAGR Through 2032

In 2022, the market size of global organic yeast is assessed at USD 294.5 million, with a projected compound annual growth rate (CAGR) of 10.0% from 2022 to 2032. Sales of organic yeast on a global scale are expected to constitute approximately 4.6% of the overall demand in the global yeast market, which is valued at USD 6.4 billion in 2022.

The various types of yeast products that are available in the market are mostly process-resistant i.e., their composition does not get affected by processes such as acid, heat or freeze. This makes them appropriate for use in various applications and across various industries such as food, beverage, cosmetics and personal care, nutraceutical, pharmaceutical, and others.

In the food and beverage industry organic yeast is mainly used in applications such as soups, broths, fish, meat and analogue products and seasonings. Yeast autolysates are also used for flavoring purpose in food products for human and pets. These are also used as nutrient for microorganisms in fermentation process.

Yeast Beta Glucan’s application is in the nutraceutical industry mainly to treat lifestyle diseases as it is vegan and natural in nature. Yeast mannan oligosaccharides (MOS) is also used in the treatment of lifestyle diseases. Yeast MOS is being increasingly used in animal feed to increase the performance of the livestock. Diverse applications of different types of yeast extracts are driving the market, which is expected to grow exponentially in the upcoming years.

Because of the growing preference for consuming packaged cakes as snacks, especially among children worldwide, packaged baked items, including cake, are expected to see significant demand in the forecasted period.

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Key Takeaways from Market Study
•The organic yeast market is expected to expand at CAGR of 10.0% over the forecasted period.
•Among the product type, bakers yeast is dominating the segment holding around 43.0% of the revenue and it is expected to grow with CAGR of 10.0% over the forecasted period.
•Among the sales channel segment, B2B/Direct is expected to dominate the organic yeast market holding more than 64.8% revenue share and it is expected to grow with around 8.2% CAGR over the forecast period.
•Among application segment, food is dominating the application segment holding around 37.6% in 2022 and it is expected to grow with CAGR of 6.8% over the forecasted period.
•Among form segment, powder is going to acquire major share of the organic yeast market in 2022.

“The Sugar Substitutes are expected to witness exponential growth owing to rising awareness health conscious population has increased demand for organic yeast based products.” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers of global organic yeast market are majorly focusing on research & development in order to develop innovative and unique product offering. In addition to this these key players in the organic yeast market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.

• At a second Serbian distribution centre, the company is growing its global reach and investing in the area of animal feed. Venos d.o.o is now an official Leiber distribution partner, joining Hemiferm Zekovic, who has previously shown to be a successful Leiber partner.

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Key Companies Profiled: LeiberGmbh, Angel Yeast Co Ltd, White Labs Copenhagen, Biorigin, Lallemand, Ohly, Biospringer, Imperial Yeast, Rapunzel Naturkost

Explore More Valuable Insights

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

The study offers compelling insights based on Product type (Yeast Autolysate, Baker’s yeast, Nutritional Yeast, Brewer’s yeast, Torula Yeast), by Sales Channel (B2B/Direct, B2C/Indirect), by Application (Food, Beverages, Animal Feed and Pet Food, Dietary Supplements, Cosmetics and Personal Care), by Form (Powder, Liquid) across seven major regions of the world.

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Personalized Nutrition Market Set to Reach US$ 5.12 Billion by 2034 with 4.1% CAGR, Revolutionizing Health and Disease Prevention

In a recently updated market intelligence report, FMI reveals that the personalized nutrition market is projected to reach a value of US$ 3,435.20 million in 2024. This market growth is driven by customized interventions that enhance quality of life and are gaining recognition as a novel approach to disease prevention.

As personalized nutrition solutions become more mainstream, the market is expected to grow to US$ 5,122.10 million by 2034, with a CAGR of 4.1%.

With increasing awareness about importance of health coupled with a rising trend of digitized solutions regarding healthcare, the personalized nutrition market is bound to grow on a grand note in the forecast period.

High-quality nutritional food is being preferred. With personalization being the epicenter of almost every vertical, nutrition is no exception. As such, personalized approaches are being catered to with respect to nutrition.

Measurement tools used in abundance include testing kits, apps, and programs. They tend to give a customizable and precise nutrient profile on the basis of requirements of an individual. It has also been observed that standard supplements are preferred. Direct-to-customer approach is the most sought-after one as it does create a long-lasting impact.

Personalized nutrition reveals 100% history regarding environmental exposure, metabolism, genetic profile, microbiome composition, and personal wellness goals of an individual’s body. Numerous personalized nutrition tests are being made available to help in revealing kinds of foods best-suited for dietary needs, weight management, and fitness goals. For instance – microbiome testing comes across as a kind of stool test that gives the first-hand information about an individual’s gut health.

The other personalized nutrition tests include meal planner, fat burner, muscle builder, and fitness diet pro. For these tests, saliva samples are required.

The key participants are into providing diets including guilt-free snacks, especially low sugar, indulgent-flavored, and the with high content of protein for catering to personalized nutrition market. Future Market Insights has, through its latest market study entitled “Personalized Nutrition Market”, enlisted these nitty-gritties with insights.

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Key Takeaways from Personalized Nutrition Market

North America dominates the personalized nutrition market due to the US witnessing provision of meal customization through companies like The Counter and Chipotle.
Europe stands second with Germany leading from the front. Technological advancements are transforming patient-generated data into value-added resources. Smart wearables and in-home medical devices are improving personalized approach toward healthcare management. Along these lines, MyMuesli makes use of lean manufacturing for letting customers create the personalized cereal mixes. The company has also tabled blood and DNA tests to let individuals access muesli mixes pertaining to their requirements of micronutrients and macronutrients.
China leads the Asia-Pacific’s personalized nutrition market. This could be reasoned with demand for personalized nutrition herein witnessing a CAGR of close to 6.3% between 2022 and 2032. On these grounds, Habit does sell personalized nutrition on the basis of a person’s cholesterol, personal wellness goals, activity levels, and the other information through a questionnaire.
Personalized supplements account for over 27% of market share and are expected to witness a CAGR of 5.6% on this count in the forecast period.
Standard measurement holds more than 46% of the market share and expected to record a CAGR of 5.6% between 2022 and 2032.

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Competitive Landscape

Herbalife Nutrition, October 2019, came up with new immunity essentials including relaxation tea. The key ingredient is ‘EpiCor’.
DNAfit, in April 2019, came up with a new-fangled ‘Health Fit’ DNA test, so as to explore numerous genetic factors that affect the wellbeing of an individual and make way for personalized insights pertaining to diets.
Atlas Biomed Group, in November 2019, put forth a novel AI-based Atlas app for providing personalized food and diet advice for helping customers in improving the gut health. This app does work in conjunction with Atlas Microbiome Test.
DSM, in November 2019, completed acquisition of AVA, so as to propagate personalized nutrition delivery platforms like Tespo, Mixfit, and Panaceutics.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the personalized nutrition market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on product type (personalized supplements, personalized diet plans, personalized beverages, and diseases based), by measurement method (active measurement and standard measurement), and by sales channel (direct-to-customer delivery services, wellness and fitness centers, hospitals & clinics, pharmacies, online, and retail stores).

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Global Personalized Nutrition Market by Category

By Product Type:

Personalized Supplements
Personalized Diet Plans
Personalized Beverages
Diseases Based

By Measurement Method:

Active Measurement
Standard Measurement

By Sales Channel:

Direct to consumer Delivery Services
Wellness and fitness centers
Hospitals & Clinics
Pharmacies
Online
Retail Stores

About Future Market Insights (FMI)

Soy Milk Market Poised for Major Growth: Projected to Reach US$ 12.86 Billion by 2034

Soy milk, over the years, has come a long way to become one of the prominent non-dairy alternatives. Busting myths and negative perceptions, soy milk’s acceptance in the general population has taken the market to a staggering US$ 6,877.4 million in 2024.

Effective marketing strategies by key players in the market are set to bring this market close to US$ 12,860.8 million by 2034, progressing at a CAGR of 8.70%.

With lactose intolerance in the general populace hitting an all-time high, plant-based alternatives to milk and milk products are garnering tremendous admiration, pushing the overall market valuation to a staggering US$ 6,877.4 million. To respond to this demand, brands in the market are also formulating novel flavors and variants on a regular basis.

Vegan dietary preferences among the younger population, especially in countries where eCommerce and brick-and-mortar stores are well-established are also aiding to market’s potential to progress at an outstanding CAGR of 8.70% through 2034. This market trend is generally observed in countries like India, China, Brazil, South Korea, etc.

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Referring to the current market scenario, the market valuation is very likely to surpass US$ 12,860.8 million by 2034. This surge is mainly attributed to the growing incidences of chronic diseases in the developing parts of the world and the medicinal properties of soy milk in mitigating rising cholesterol levels. The demand for soy milk is also increasing as it helps individuals keep a check on their weight.

“There are still a lot of concerns regarding the nutritional content of soy milk-based products. Negative notions about soy milk causing hormonal imbalance in the male population have also affected the adoption. Brands in the market must create effective strategies to ward off these myths and misconceptions in the general population,” says an FMI analyst.

Key Takeaways from the Market Study

The conventional segment dominates the soy milk market with a share of 89.30% in 2024.
Based on the product type, the plain segment leads the soy milk market with a share of 83.70% in 2024.
The soy milk market in India is anticipated to grow at a CAGR of 7.00% through 2034.
The soy milk market in China is estimated to rise at a 4.20% CAGR through 2034.
The soy milk market in Germany has the potential to increase at a 6.30% CAGR through 2034.
The United States soy milk market is predicted to rise at a 5.50% CAGR through 2034.
The soy milk market in Japan is likely to grow at a CAGR of 6.40% through 2034.

Competitive Landscape

The market has expanded significantly due to the emergence of multinational companies and eCommerce platforms in emerging economies. Brands in this market are focusing on developing new variants in their offerings to stay competitive. Eco-conscious consumers, particularly the young population, are driving brands to adopt sustainable procuring, manufacturing, and packaging practices. To cater to the demands of such consumers, brands are embracing eco-friendly processes to reduce their carbon footprint and cater to the growing trend of sustainability.

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Recent Developments

In September 2023, Lufthansa introduced oat milk onboard its flights, meeting the demand for non-dairy options.
In March 2020, Asahi Soft Drinks launched Green Calpis, a plant-based version of Calpis made with soymilk.
In August 2021, EFKO Group invested $8 million to produce soy milk, aiming to match cow milk prices.

Key Companies

Bio Nutrients Pvt. Ltd.
The Granarolo Group
Vitasoy International Holdings Ltd.
American Soy Products, Inc.
Ecomil
NOW Health Group, Inc
Pureharvest
The Hain Celestial Group, Inc.
The Hershey Company
Pacific Foods of Oregon, LLC
The Bridge S.R.L
Natura Foods
Hiland Dairy
Danone Group

Key Coverage in the Soy Milk Market

Emerging Soy Milk Flavors
Ongoing Soy Milk Trends
Advantages of Soy Milk for Weight Loss
Overview of Coffee Flavored Soy Milk
Flavored soy milk brands in India

Key Segments Profiled in the Soy Milk Industry Survey

By Product Type:

Plain
Flavoured

By Category:

Organic
Conventional

By Application:

Ice Creams
Desserts
Cheese
Yoghurt
Other

By Distribution Channel:

Store-based (supermarkets & hypermarkets, convenience stores, others)
Non-store-based

By Region:

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

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Expanding Opportunities in Dairy Testing Services: Projected Growth to USD 9.63 Billion by 2032

In 2022, the global dairy testing services market is valued at USD 4.04 billion, with an anticipated compound annual growth rate (CAGR) of 8.1% from 2022 to 2032. Sales of dairy testing services are projected to contribute approximately 18.8% to the overall demand in the global food testing market, which is valued at USD 21.5 billion in 2022.

Pesticides, viruses, toxins, and heavy metals are the most common causes of foodborne diseases. According to a 2019 WHO estimate, over 23 million people in Europe become unwell after eating tainted food, with 4,700 people dying each year. Raw and unpasteurized milk, cheese, and ice cream are the most common sources of contamination in dairy products all over the world. If raw milk is handled incorrectly before or after pasteurisation, pathogenic contamination can develop.

Moreover, Cronobacter, Enterobacteriaceae, and Salmonella must be absent in dried infant formula and dried dietary meals for specific medical purposes intended for children under six months of age in the EU, according to Commission Regulation (EC) No. 2073/2005.This food must also be tested for the presence of Bacillus cereus, which is suspected.

In the United States, all finished dry product infant formula samples (domestic or imported) that have to be tested for Salmonella and Cronobacter must be examined. Each sample for Salmonella analysis should be 25 grammes or larger, and for Cronobacter analysis, it should be 10 grammes or larger.

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Key Takeaways from Market Study

The dairy testing services market is expected to expand at CAGR of 8.1% over the forecasted period.
Among the testing type segment, safety testing is dominating the segment holding around 51.3% of the revenue and it is expected to grow with CAGR of 5.6% over the forecasted period.
Among the technology, traditional segment is expected to dominate the technology segment holding more than 43.6% revenue share and it is expected to grow with around 6.8% CAGR over the forecast period.
Raw milk is dominating the product type segment holding around 28.7% in 2022 and it is expected to grow with CAGR of 4.6% over the forecasted period.

“Dairy Products are in high demand around the world as they provide, multiple health benefits like sustain energy, gut health, immunity boosting, calming. Manufacturers are spending high amount of money on R&D in order to develop innovative dairy products. Manufacturers are introducing a variety of new milk products.” says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of dairy testing services market are majorly focusing on research & development in order to develop innovative and unique product offering. In addition to this these key players in the dairy testing services market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.

SGS S.A bought IDEA TESTS in October 2021. IDEA is based in Talence (Bordeaux area), Plouzané and Martillac (Brest region) in France, as well as Bucharest, Romania. In 2020, IDEA employed about 80 people and generated approximately EUR 6 million in revenue.

Key Companies Profiled in Dairy Testing Services Market are SGS SA, Eurofins Scientific, Mérieux Nutrisciences, ALS Limited, Bureau Veritas, TUV Nord Group, AsureQuality Limited, Intertek Group plc, Microbac Laboratories, Neogen Corp.

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Dairy Testing Services Market by Category

By Testing Type, Dairy Testing Services Market is segmented as:

Safety Testing
- Pathogens
  - Cronobacter sakazakii
  - E. Coli
  - Salmonella
  - Campylobacter
  - Listeria
  - Others (Others include vibrio, clostridium, staphylococcus, and bacillus)
- Pesticides
- Mycotoxins
- Adulterants
- Genetically Modified Organisms (GMOS)
Quality Testing

By Technology, Dairy Testing Services Market is segmented as:

Traditional
- Agar Culturing
Rapid Testing
- Convenience-Based
- Immunoassay
- Chromatography & Spectrometry
- Polymerase Chain Reaction (PCR)

By Product Type, Dairy Testing Services Market is segmented as:

Raw Milk
Pasteurized Milk/Modified Milk
Cheese and Processed Cheese
Infant Formula
Milk Powder
Fermented Milk
Others (Cream, Deeps, Dressings)
About Future Market Insights (FMI)Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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