Market Research Blog – Page 2212 – New Product Development

Air-Dried Food Market Envisioned to Grow to USD 146.4 Billion by 2033: Meeting Consumer Demands with Sustainable Solutions

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

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

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Consumer demand for air-dried foods is driven by several factors:

Health Consciousness: Consumers are increasingly seeking healthier alternatives to processed snacks and meals, gravitating towards natural and minimally processed food options.
Convenience: Air-dried foods offer convenience without compromising on nutrition, making them an ideal choice for on-the-go snacking or quick meal preparation.
Long Shelf Life: With extended shelf life compared to fresh produce, air-dried foods reduce food waste, appealing to environmentally conscious consumers.

The air-dried food market is poised for robust growth, supported by:

Technological Advancements: Ongoing advancements in air-drying technologies have enhanced efficiency and quality, expanding the range of food products that can be successfully air-dried.
Expansion of Product Portfolio: Manufacturers are diversifying their product offerings to include a wide array of air-dried fruits, vegetables, meats, and snacks to cater to evolving consumer preferences.
Rising Environmental Awareness: Increasing awareness about the environmental impact of food production methods has led consumers to opt for sustainable options like air-dried foods, driving market growth.

Recent developments in the air-dried food market include:

Innovative Packaging Solutions: Companies are investing in sustainable packaging solutions to complement the eco-friendly nature of air-dried foods, reducing plastic waste and enhancing product appeal.
Nutritional Enhancement: Manufacturers are incorporating functional ingredients and fortification techniques to enhance the nutritional profile of air-dried foods, meeting the demands of health-conscious consumers.
Market Expansion: The air-dried food market is witnessing expansion into new geographical regions, fueled by increasing global awareness and distribution channels.

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Key Takeaways from the Market Study

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

Prominent players in the air-dried food market are:

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

More Valuable Insights Available

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

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

About Future Market Insights (FMI)

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

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Plant-based Butter Market: Segmentation, Applications, Technology, and Market Analysis Research Report up to 2030

The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating market to grow nearly 7% y-o-y in 2021. Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with plant-based butter sales gaining significant traction.

As per the Food Industry Association, around 30% of households are home to vegan, vegetarian, flexitarian, or pescatarian consumers. This trend is creating opportunities for growth for plant-based butter manufacturers. Demand for plant-based butter can also be attributed to the growing consumer preference for clean-label, natural foods, which is pushing dairy producers to develop and launch vegan alternatives.

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Key Takeaways Global plant-based butter market to exhibit CAGR exceeding 7.5% through 2030 Soy-milk based butter held nearly 40% share in 2020 Online retail distribution to register relatively faster growth, aided by benefits in terms of consumer engagement US to remain the largest market, pegging North America to surpass US$ 200 Mn in 2020“The plant-based butter market is a nascent phase and is being increasingly viewed as a high-potential product in the dairy alternative industry, as a healthy alternative to conventional fatty food products, which will aid growth in the market for the foreseeable future,” says a FMI analyst.

Covid-19 Impact AnalysisThe covid-19 pandemic has resulted in substantial changes in the dietary preferences of consumers around the world. Concerns over transmission of the virus through animal based products has aided the adoption of plant-based alternatives.

Also, plant-based butter can be sourced from oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk among others, allowing for a wider flavor range. While demand from the food service sector is likely to drop owing to lockdown restrictions, home consumption with sales through online sales is expected to rise.

The prospects of the plant-based butter market has widened since early 2020. As per the Good Food Institute, sales of plant-based foods surpassed that of animal based alternatives since the advent of the crisis, and will continue through the forecast period.

Who is Winning?The plant-based butter market is competitive and characterized by the presence of small and mid-scale players. Leading manufacturers are effectively leveraging demand for natural, clean label products, with the aim of geographic expansion and widening product portfolios for long term growth.

Some of the leading players in the plant-based butter market include Conagra Brands Inc., Upfield Foods, Miyoko’s Creamery, Wayfare Food, Prosperity Organic Food Inc., Lyrical Foods Inc., Califia Farms, Premier Organics, Naturli Foods, Ekogram-the real food, Wildfriend Foods, The J.M. Smuker Co., The Leaviet Corp., Milkadamia, among others.

More Valuable Insights on Plant-based Butter Market

Source

Oat Milk Rice Milk Corn Milk Soy Milk Pea Milk Almond Milk Coconut Milk Cashew Milk Flax Milk Hemp Milk Others

Distribution Channel

B2B Hotels Restaurants Cafes B2C Hypermarket/Supermarket Convenience Stores Specialty Stores Mom and Pop Stores Discount Stores Food & Drink Specialty Stores Independent Small Groceries Online Retail Others

Region

North America (U.S. & Canada) Latin America (Mexico & Rest of LATAM) Europe, Middle East & Africa Asia Pacific (Greater China, South East Asia, Japan, India, South Korea, Australia, New Zealand)

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Frequently Asked Questions

How will the plant-based butter market expand through 2030?
Which is the largest plant-based butter market?
How is COVID-19 impacting the plant-based butter growth projections?
Which are some of the prominent market players?

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Clean Label Pectin Market Forecasted to Reach USD 221.8 Million by 2033 with a 6% CAGR from 2023 to 2033

The clean label pectin market was projected to generate US$ 118.89 Million in 2022. The market will grow at a CAGR of 6% from 2023 to 2033, reaching a value of US$ 221.8 Million because of shifting customer preferences for natural ingredients in cuisine.

Plants produce pectin, a soluble fiber material that is found in the cell walls of plants. The main sources of its extraction are citrus fruits, cherries, apricots, apples, oranges, and carrots. Rising concerns about health and increased use of organic, healthy raw materials to produce consumable goods are predicted to boost the industry in the near future. The primary raw materials used to create industrial goods are dried citrus peel and powdered apples, which are offered in white as well as light brown colors.

The market for clean-label pectin is projected to increase as food and beverage manufacturers become more aware of pectin’s numerous advantages, such as its capacity to increase shelf life, reduce cooking times, and enhance texture and color. The sector is growing because consumers prefer natural flavors and plant-based ingredients like pectin derived from fruit versus gelatin made from animals. Pectin suppliers are working to give clean-label ingredients to those who make processed food.

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Pectin is regarded as a safe food product by several federal food agencies. Its chemical composition and usage are governed by several food additive laws. The Scientific Committee for Food has authorized pectin and amidated pectin as acceptable daily intakes in the European Union.

Key Takeaways:

The global clean label pectin market is expected to be valued at US$ 124 Million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 2.2%
The United States market for clean label pectin is projected to account for about 20.3% of the global market share.
China to experience a 6.5% CAGR and India with a 7.7% CAGR from 2023 to 2033.
By product type, the high methoxyl pectin was estimated to acquire a 54.4% share in 2022.
By source, the pectin sourced from oranges occupied a market share of 60.6%.

“The market for clean label pectin is expected to grow considerably over the forecasted period because of the growing popularity of convenience meals and growing awareness of health issues.” suggests an analyst at FMI.

Competitive Landscape:

Prominent players in the clean-label pectin market are:

Herbstreith & Fox Group
B&V SRL
Naturex S/A
Compania Espanola de Algas Marinas S.A
Cargill Inc.
Kraft Heinz
CP Kelco
E.I DuPont De Nemours and Company
DSM Andre Pectin company limited
Lucid Colloids Ltd.
Silvateam s.p.s

Some key developments:

In March 2022, CP Kelco presented a new set of solutions to aid the advancement of research in the rapidly increasing area of plant-based meat substitutes.
Utilizing cutting-edge techniques, plant-based burger and sausage replacements can resemble eating animal meat. For the purpose of creating plant-based burger as well as sausage substitutes and aiding in the delivery of a meat-like eating experience, the new range of solutions comprises ingredient possibilities that are derived from nature and are cleaner label friendly.

More Valuable Insights Available:

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

To understand opportunities in the clean label pectin market, the market is segmented on the basis of clean label pectin by product (high methoxyl, low methoxyl), source (citrus food, apple, pear, plum, banana, others), application (plant-based products, dairy products, jams, others) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments:

By Product Type:

High Methoxyl
Low Methoxyl

By Source:

Citrus Food
Apple
Pear
Plum
Banana
Others

By Application:

Plant-Based Products
Dairy Products
Jams
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Vegan Marshmallows Market Set to Reach USD 172.6 Million by 2033, Predicts Future Market Insights

According to predictions, the market percentage for vegan marshmallows will increase from US$74.6 million in 2023 to more than US$ 172.6 million by 2033. Because there are more vegans in the world than ever before, vegan marshmallows are becoming more popular. Vegan marshmallow consumption is expected to grow at a CAGR of 9.8% between 2023 and 2033 as a result of rising concerns about animal welfare.

According to the Vegan Society, demand for plant-based meat substitutes surged by about 1000% in the United Kingdom in 2017, and by 2020, 62% of people will buy plant-based milk. Such trends are offering genuine growth opportunities for well-known vegan marshmallow manufacturers.

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As customers prefer plant-based and cruelty-free confectionary options, the Vegan Marshmallows market is expanding rapidly. With advances in vegan-friendly ingredients, these marshmallows have the same fluffy texture and exquisite taste as gelatin-free marshmallows. The growing popularity of vegan diets and increased awareness of animal welfare are driving market growth.

The rising demand might also be related to a growing preference for clean label and GMO-free goods. Confectionery businesses are offering vegan options due to the high demand for halal and kosher culinary items.

Key Takeaways

Global vegan marshmallows market to exhibit value CAGR exceeding 8% through 2028
Premium vegan marshmallows to generate over half of the revenue share by 2020-end
Vanilla and peppermint top-selling flavors
Health & wellness stores to register remarkable growth, expanding at a staggering 10.4% CAGR across the forecast period
North America to remain the dominant vegan marshmallows market, surpassing US$ 100 Mn by 2020-end

“Increasing demand for clean-label certifications, including halal and kosher, across prominent regions is motivating vegan food manufacturers to introduce plant-based marshmallows with unique flavor combinations, positively driving market growth,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

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COVID-19 Impact Analysis

The novel coronavirus pandemic has ushered in a sea change in consumers’ dietary preferences, with sales of plant-based and vegan foodstuffs spiking across all continents. Growing apprehensions about possible infection contraction through zoonotic channels have compelled consumers to abandon meat consumption and choosing safer alternatives.

This precautionary behavior has also penetrated the marshmallows market, with prominent manufacturers augmenting production of different flavored vegan marshmallows. According to a Veganuary survey, 32% of participants revealed that they were consuming more vegan foods across the UK, US, Latin America and Germany since the pandemic’s outbreak.

Hence, the prospects for vegan marshmallows has been broadening since the past several months. The market is expected to further aggrandize in the upcoming forecast period, with consumers expected to rely largely on clean-label and naturally derived foods way after the pandemic has subsided.

Competitive Landscape

The global vegan marshmallows market is characterized by the presence of various prominent vegan product manufacturers who are effectively leveraging the prevailing clean-label products consumption trends to flood regional markets with innovative flavor combinations.

Some leading players profiled in FMI’s vegan marshmallows market research report include Freedom Confectionery, Chicago Vegan Foods, Mr. Mallo Group, The Naked Marshmallow Co., Ananda Foods Ltd. & The Marshmallowist among others.

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More Insights on FMI’s Vegan Marshmallows Report

Ingredient

Vanilla
Pumpkin
Peppermint
Chocolate
Others

Distribution Channel

Hypermarkets/Supermarkets
Convenience Store
Drug Stores & Pharmacies
Health & Wellness Stores
Online Retailing
Other Retailers

Pricing

Economic
Premium

Region

North America (U.S & Canada)
Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
Europe (EU-4, U.K, BENELUX, Russia, Poland & Rest of Europe)
APEJ (China, India, ASEAN, Australia & New Zealand, South Korea & Rest of APEJ)
Japan
Middle East & Africa (GCC, South Africa & Rest of MEA)

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Casein Peptone Market Growth Expected at 4.2% CAGR from 2023 to 2033, Predicts Future Market Insights Inc.

According to Future Market Insights, the global Casein Peptone Market is expected to record a CAGR of 4.2% from 2023 to 2033 and reach a valuation of US$ 395.6 million in 2023. In 2033, it is likely to reach a valuation of US$ 595.7 million.

To satisfy the rapidly growing microbiology industry, start-up biotechnology manufacturers and suppliers have entered the peptone market

The rapid advancement of the biotech industry drives the growth of the worldwide peptone market. To meet the truly expanding market of lifestyle media, new producers and suppliers have ventured into the peptone market.

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Furthermore, creative improvements in the peptone and culture medium are expected to aid the peptone industry. Nevertheless, expensive workroom creation and maintenance costs, as well as a shortage of specialists and experts, stymie industry growth.

Excellent Manufacturing Practices (GMP) demand the pharmaceutical industry to routinely check the sterility of their manufacturing procedures, particularly in cases of aseptic arrangements. Bio Merieux presented two dried out peptone media for the discovery of microorganisms. The media is permitted to prevent the transmission of Transmissible Spongiform Encephalopathies.

Providers should investigate labs or groups that disperse peptones in dried or living structures. Soya, a high-energy starch, is an example of a non-meat peptone. Many studies necessitate the use of distinct peptones in varied fixes to provide the optimal supplement level for improvement, growth, and exact investigation results.

The expansion of the biotechnology industry has heightened interest in peptones. Peptone manufacturers and suppliers have increased in order to meet end-user demand. Furthermore, the biopharmaceutical industry’s growing emphasis on producing cells that are synthetically defined has increased the want for peptones and their improvement with the more substantial assurance of arrangements.

Key Points from the Casein Peptone Market

· The market is expected to surpass US$ 595.7 million by 2033.

· Rising disposable incomes, an increasing population, increased awareness of the beneficial characteristics of peptone, a burgeoning pharmaceuticals sector, and rising demand for GMO-free peptones are likely to boost market expansion.

· Casein peptone market is expected to grow at a CAGR of 4.2% during the forecast period 2023 to 2033.

· East Asia dominated the casein peptone market.

Key Development in the Casein Peptone Market

February 2022 – Thermo Fisher Scientific will expand its bioprocessing manufacturing location in Millersburg, Pennsylvania. The expansion is part of a US$650 million investment by the corporation to provide reliable, scalable, and flexible bioprocessing production for essential commodities.
October 2021 – Merck KGa and Siemens will work to increase digital machine-to-machine (M2M) trust in industrial value chains.
February 2020 – Neogen Corporation bought Abtek Biologicals Ltd. with the intention of expanding its present portfolio. The acquisition was expected to accelerate Neogen’s global microbiology business growth.
November 2021 – Biotecnica will debut a new line of reduced endotoxin EndoLow peptones that do not require ultrafiltration. EndoLow Peptones are next-generation peptones designed for the manufacture of pharmaceuticals, vaccines, and diagnostics.
April 2021 – FrieslandCampina Ingredients introduced a new range, featuring Excellion Calcium Caseinate S, to aid in the creation of softer protein bars. Nutri Whey 800F, Nutri Whey Isolate, Biotis GOS, and Excellion EM9, as well as the new Excellion Textpro, were also introduced. The portfolio was created as a critical solution to the hardening issue that many formulators are currently facing.
August 2020 – Arla Foods Ingredients introduced the first organic micellar casein isolate to address manufacturers’ demand for organic, natural, and functional protein products. MicelPure, a novel micellar casein isolate, has at least 87% natural protein. It is appropriate for food, functional health foods, and active nutrition applications because it is low in lactose and fat, heat-stable, and flavourless.

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Key Segments

Application:

Diagnostic Media Production
Industrial Fermentation
Biomass Production
Enzyme Production
Vaccine Production
Others

Region:

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

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Algae Fats Market Projected to Achieve USD 484.5 Million by 2033, Reports Future Market Insights, Inc.

The global algae fats market is expected to reach a market valuation of US$ 297.7 million in 2023, accelerating with a CAGR of 5% from 2023 to 2033. The growing demand for algae-based products in various industries such as food, animal feed, and biofuel is driving the growth of the algae fats market.

One of the key drivers of the algae fats industry is the growing demand for sustainable and plant-based products. Algae fats are considered to be a healthier alternative to animal fats and are rich in essential fatty acids such as omega-3 and omega-6. Furthermore, the increasing awareness about the environmental impact of traditional animal-based fats and oils is also driving the demand for algae fats as they are considered to be eco-friendly.

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Despite the growing demand, the algae fats industry faces several challenges. One of the key restraints is the high production cost of algae fats. The technology for large-scale production of algae fats is still in its nascent stage, and the production process requires a significant investment in infrastructure, equipment, and technology. Additionally, the limited availability of suitable land and freshwater resources for algae cultivation is also a significant restraint for industry.

Opportunities and Trends Hovering the Algae Fats Industry

The algae fats industry presents significant opportunities for growth and innovation. One key opportunity is the development of new products and applications for algae fats. Algae fats are already being used in various industries, such as food, animal feed, dietary supplements, and biofuels. However, the industry can further explore new applications such as cosmetics, pharmaceuticals, and industrial lubricants. Furthermore, the increasing investment in R&D activities and technological advancements can lead to the development of new and cost-effective production processes.

The algae fats industry is witnessing several trends that are expected to shape the market in the coming years. One of the key trends is the increasing adoption of algae-based biofuels. Algae-based biofuels are considered to be a sustainable and eco-friendly alternative to traditional fossil fuels. Furthermore, the growing demand for algae-based dietary supplements and functional foods is also a key trend in the industry. The use of algae fats in the animal feed industry is also expected to witness significant growth due to the increasing demand for high-quality and sustainable animal feed products.

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Key Takeaways from the Algae Fats Market:

With an estimated market share of roughly 55% in 2023, the food-grade sector is likely to dominate the industry.
In terms of end-use, the dietary supplement sector is predicted to have the greatest market share in 2023, accounting for around 45% of the market.
The animal feed segment is another prominent market segment, with a market share of roughly 30% projected in 2023.
The algae fats industry in the United States dominated the global market in 2022, accounting for 22.9% of the total.
In 2022, Germany’s algae fats industry held a 3.6% share.
The algae fats industry in India is predicted to grow at the fastest rate of 20.1% between 2023 and 2033.
The algae fats industry in China is predicted to grow at a 5.0% CAGR between 2023 and 2033.
From 2023 to 2033, the algae fats industry in the United Kingdom is predicted to grow at a 6.7% CAGR.

How Industry Players are Revolutionizing the Competitive Landscape?

The algae fats industry is highly competitive, with several key players vying for market share. Some of the leading companies in this market include Corbion, TerraVia, Royal DSM, Archer Daniels Midland Company, and BASF SE. These companies have established themselves as leaders in the industry by offering a wide range of products and solutions to meet the growing demand for algae fats.

Corbion, for instance, has a strong presence in the food and beverage industry, with a portfolio that includes algae-based ingredients such as AlgaPrime DHA. TerraVia, on the other hand, has a focus on sustainable products and solutions, with its flagship product, AlgaWise, being a high-performance oil with a low environmental footprint.
Royal DSM is another key player in the algae fats industry, with a broad portfolio of products for various applications. The company has a focus on innovation, with ongoing research and development efforts to improve the sustainability and functionality of its products.
Archer Daniels Midland Company is a leading supplier of ingredients for various industries, including the food, beverage, and animal feed sectors. The company offers a range of algae-based ingredients, such as omega-3 oils, which are used in dietary supplements, infant formulas, and other applications.

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Algae Fats Market: Segmentation

By Type:

Food Grade
Feed Grade

By End Application:

Biofuel
Dietary Supplement
Animal Feed

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Citrus Pectin Market’s Trajectory Indicates a Remarkable Forecast, With Expectations to Reach a Staggering USD 191,678.9 Million by 2033.

In 2022, it was estimated that the citrus pectin market would be valued at USD 578.9 million. It is anticipated that the market will be valued at USD 635.52 million by the end of 2023. By 2033, the citrus pectin market is expected to grow at a 5.4% CAGR and reach a value of USD 1,080.30 million worldwide.

Citrus pectin, a natural carbohydrate extracted from citrus fruits, has gained widespread popularity owing to its versatile applications across multiple industries including food & beverages, pharmaceuticals, and cosmetics. Its unique gelling, thickening, and stabilizing properties make it an indispensable ingredient in a wide range of products, ranging from jams and jellies to dietary supplements and skincare formulations.

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Demand for Citrus Pectin Market:
The demand for citrus pectin has been steadily rising, fueled by the growing consumer preference for natural and clean label products. As consumers become increasingly health-conscious and seek alternatives to synthetic additives, the demand for citrus pectin as a natural thickening and gelling agent has surged across various food and beverage segments. Moreover, the expanding applications of citrus pectin in pharmaceuticals, driven by its potential health benefits, further contribute to its growing demand.

Growth for Citrus Pectin Market:

The citrus pectin market is witnessing robust growth, with a projected CAGR of 5.4% during the forecast period 2023 to 2033. Factors such as increasing research and development activities to enhance the functionality of citrus pectin, rising investments in citrus processing facilities, and growing awareness about its potential applications are anticipated to drive market growth further. Additionally, the emergence of new technologies for citrus pectin extraction and purification is expected to open up new avenues for market players.

Key Takeaways from the Market Study

Historically, the citrus pectin market increased at a CAGR of 4% from 2018 to 2022.
The United States is expected to take over 23.7% of the citrus pectin market in 2023.
China is expected to control 12.1% of the global citrus pectin market by 2023.
By 2023, Japan’s citrus pectin market will account for 4.5% of the worldwide market.
The citrus pectin market in France is expected to grow by 5.3% by 2023.
The citrus pectin market in the United Kingdom is predicted to grow to 5.8% by 2023.
High-methoxyl pectin accounts for more than half of the worldwide citrus pectin market.
The grapefruit category is expected to grow at an 8.4% CAGR during the next ten years to come.

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Key Developments for Citrus Pectin Market:

In recent years, the citrus pectin market has witnessed several key developments, including:

Introduction of novel citrus pectin formulations with improved functionality and enhanced stability.
Strategic collaborations and partnerships between key players to expand product portfolios and geographical presence.
Investments in research and development activities to explore new applications and extraction methods for citrus pectin.
Expansion of production capacities to meet the escalating demand from various end-use industries.

Prominent players in the citrus pectin market are:

Fiber Star
Cargill, Inc.
DuPont
Ceamsa
Naturex, SA
CP Kelco
Yantai Andre Pactin Co. Ltd.
Herbstreith & Fox KG Pektin-Fabriken
Herbafood Ingredients GmbH
Silvateam S.pa.
Florida Food Products, Inc.
Lucid Colloids Ltd.

Segmentation Analysis of the Citrus Pectin Market

By Product Type:

High Methoxyl Pectin
Low Methoxyl Pectin

By Source:

Oranges
Tangerines/Mandarins
Grapefruit
Lemon and Lime

By Application:

Jams & Jellies
Beverages
Bakery Fillings & Toppings
Dairy Products & Frozen Desserts
Confectionery
Meat & Poultry
Dietary Supplements
Functional Food
Pharmaceutical
Personal Care & Cosmetics
Others

By Region:

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

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Wheat Protein Market Expected to Reach USD 5.7 Billion by 2033 – Trends, Growth, and Future Outlook

The market for wheat protein was valued at USD 3.4 billion in 2023, and it is expected that total wheat protein revenue will increase at a 5.3% CAGR from 2023 to 2033, or USD 5.7 billion.

The global wheat protein market is experiencing significant growth driven by increasing consumer demand for plant-based proteins and advancements in food processing technologies.

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Wheat protein, derived from wheat gluten, is a versatile ingredient used in a variety of applications, including bakery products, meat substitutes, sports supplements, and animal feed. Known for its high nutritional value and functional properties such as emulsification, foaming, and texturizing, wheat protein is a preferred choice in the food and beverage industry. It includes various forms such as wheat gluten, wheat protein isolates, and hydrolyzed wheat protein, each catering to specific industrial needs.

Demand Factors for Wheat Protein Market:

The demand for wheat protein is primarily driven by the growing consumer shift towards plant-based diets and the rising awareness of health and wellness. The increased prevalence of lifestyle diseases and the need for high-protein diets have propelled the market forward. Additionally, the food industry’s need for sustainable and cost-effective protein sources has significantly contributed to the rising demand for wheat protein.

Growth Prospects for Wheat Protein Market:

The wheat protein market is projected to grow at a robust CAGR over the next decade. Factors contributing to this growth include technological advancements in protein extraction and processing, increasing applications in various food and beverage products, and the expanding vegan population. Innovations in product formulations to enhance taste and texture are expected to further boost market growth.

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Recent key developments in the wheat protein market include:

Product Launches: Several companies have introduced new wheat protein-based products targeting health-conscious consumers and athletes.
Partnerships and Collaborations: Leading players are entering strategic partnerships to expand their product portfolio and geographic reach.
Technological Advancements: Innovations in extraction and processing technologies are improving the efficiency and quality of wheat protein production.

Growing Athletes’ and Bodybuilding Community Popularity:

Strengthening muscle growth is one of the primary advantages of wheat protein. For bodybuilding, wheat protein isolate is the perfect complement. Wheat protein isolate promotes muscle growth, inhibits the breakdown of muscle, permits protein synthesis in the muscles, increases muscle strength during exercise, and mostly controls appetite desires.
Because wheat protein isolate slows the micro-filtration process, which dramatically reduces lactose absorption, it is advised for bodybuilders who are lactose intolerant or who have stomach or bloating problems. Higher insulin levels are simulated with the use of wheat protein isolate, and this has a direct bearing on how well athletes perform when preparing for competition.

Regional Analysis of Wheat Protein Market:

North America: This region dominates the wheat protein market due to high consumer awareness and demand for plant-based products. The U.S. and Canada are major contributors to market growth.
Europe: Europe is a significant market, driven by stringent regulations on meat products and a strong inclination towards vegetarian and vegan diets. Countries like Germany, France, and the UK are leading the demand.
Asia-Pacific: The market in this region is rapidly growing due to rising health consciousness and increasing disposable incomes. China, India, and Japan are key markets.
Latin America and Middle East & Africa: These regions are witnessing gradual growth, propelled by urbanization and a growing awareness of plant-based nutrition.

Competitive Analysis for Wheat Protein Market:

The wheat protein market is highly competitive with several key players striving to enhance their market presence. Major companies in the market include:

Archer Daniels Midland Company (ADM): A global leader offering a wide range of wheat protein products.
Cargill Inc.: Known for its extensive portfolio and strong distribution network.
Tereos Group: Specializes in wheat gluten and hydrolyzed wheat proteins.
Roquette Frères: Focuses on innovation and sustainability in wheat protein production.
Manildra Group: A prominent player with a significant market share in wheat gluten.

These companies are focusing on strategic initiatives such as mergers and acquisitions, product innovation, and expanding production capacities to meet the growing demand.

Wheat Protein Market Key Segment

By Product:

Wheat Gluten
Wheat Protein Isolate
Hydrolysed Wheat Protein
Textured Wheat Protein

By Form:

Dry
Liquid

By Application:

Animal Feed
Bakery & Confectionary
Nutrition Supplements
Dairy Products
Cosmetics and Personal Care
Other Applications

By Region:

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

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Malt Ingredients Market is on a Growth Path to USD 43.7 Billion by 2033, Key Trends, Regional Insights, and Competitive Landscape

The malt ingredients market is expected to be worth USD 25.7 billion in 2023. According to Future Market Insights (FMI), the global market value is estimated to reach USD 43.7 billion by 2033, growing at a 5.4% CAGR through 2033.

The global malt ingredients market is experiencing significant growth driven by rising consumer demand for natural and healthy ingredients in food and beverages.

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Malt ingredients are derived from barley and other grains through the malting process, which involves germination and drying. These ingredients are essential in the production of beer, whiskey, and a variety of food products, contributing to flavor, color, and nutritional value. Malt ingredients include malt flour, malt extract, and malt syrup, among others.

Demand Analysis for Malt Ingredients Market:

The demand for malt ingredients is primarily fueled by the increasing popularity of craft beers and the rising consumer preference for natural and organic food products. The brewing industry remains the largest consumer of malt ingredients, while the food sector is also witnessing growing utilization in bakery, confectionery, and dairy products. Additionally, the health benefits associated with malt, such as its high fiber content and essential vitamins, are boosting its demand in functional foods and dietary supplements.

Growth Projections for Malt Ingredients Market:

The malt ingredients market is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2033. This growth is attributed to expanding applications in various industries, technological advancements in malt production, and increasing investments in research and development. The market size, valued at USD 25.7 billion in 2023, is expected to reach USD 43.7 billion by 2033.

Key Developments for Malt Ingredients Market:

Innovations in Malt Production: Companies are investing in advanced malting technologies to improve efficiency and product quality. Innovations include the development of specialty malts with unique flavor profiles and enhanced nutritional properties.
Sustainability Initiatives: Leading players are focusing on sustainable sourcing of raw materials and adopting eco-friendly production practices to reduce environmental impact.
Strategic Collaborations: Collaborations between malt producers and food and beverage companies are on the rise, aiming to develop new products and expand market reach.

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Regional Analysis for Malt Ingredients Market:

North America: The North American market is driven by the strong presence of the craft beer industry and increasing consumer interest in organic and health-focused products.
Europe: Europe holds a significant share in the global market due to its rich brewing heritage and the presence of major malt ingredient manufacturers. Germany, the UK, and Belgium are key contributors to the regional market growth.
Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth rate, supported by rising disposable incomes, urbanization, and the expanding food and beverage sector in countries like China and India.
Latin America and Middle East & Africa: These regions are gradually emerging as potential markets due to growing consumption of malt-based products and increasing investments in the food and beverage industry.

Competitive Analysis for Malt Ingredients Market: The malt ingredients market is highly competitive, with key players focusing on product innovation, mergers and acquisitions, and expansion of production capacities to strengthen their market position. Major companies operating in the market include:

Cargill Incorporated, Ireks GmbH, Dohler GmbH, Malteurop Group, Simpsons Malt Limited, Axereal (BOORTMALT NV), The Soufflet Group, Barmalt India Pvt. Ltd., Viking Malt Oy, Vivescia Industries SCA, Polttimo Oy, Malt Products Corporation, Muntons Plc., Crisp Malting Group, Holland Malt B.V., among others.

These companies are actively engaged in expanding their geographical presence and diversifying their product portfolios to cater to the evolving consumer preferences.

Key Segments:

By Raw Material:

Barley
Wheat
Rye
Maize
Rice
Oat

By Product Type:

Malt Extract
- Dry Malt Extract
- Liquid Malt Extract
Malt Flour
Others

By Grade:

Specialty Malt
- Caramelized Malt
- Roasted Malt
Standard Malt

By End-use:

Food & Beverages Industry
- Food
- Beverages
Pharmaceutical Industry
- Medicines
- Nutraceuticals
Personal Care

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Dietary Fiber Market Growth Driven by Health Trends, Set to Reach USD 33,098.0 Million by 2034

The global market for dietary fiber is expected to grow from USD 12,343.6 million in 2024 to USD 33,098.0 million by 2034. Global dietary fiber sales are expected to grow at a CAGR of 10.3% over the forecast period.

The global dietary fiber market is experiencing robust growth, propelled by increasing consumer awareness about health and wellness, advancements in food technology, and a rising demand for functional foods.

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Dietary fiber, an essential component of a healthy diet, is found in fruits, vegetables, grains, and legumes. It plays a crucial role in maintaining digestive health, regulating blood sugar levels, and reducing the risk of chronic diseases. The dietary fiber market encompasses various types, including soluble fiber (e.g., pectin, inulin) and insoluble fiber (e.g., cellulose, hemicellulose), used across multiple industries such as food and beverages, pharmaceuticals, and animal feed.

Demand Trends for Dietary Fiber Market:

The demand for dietary fiber is on an upward trajectory, driven by several factors:

Health Consciousness: Increasing awareness of the health benefits of dietary fiber, such as improved digestion and reduced risk of heart disease, is leading to higher consumption.
Aging Population: The growing elderly population, who are more prone to digestive and metabolic disorders, is boosting the demand for fiber-rich products.
Dietary Shifts: Rising popularity of plant-based diets and clean-label products is contributing to increased fiber intake.
Functional Foods: The integration of dietary fibers in functional foods and beverages to enhance their nutritional profile is gaining traction.

Growth Factors for Dietary Fiber Market:

The dietary fiber market is projected to witness substantial growth due to:

Innovation and Product Development: Advances in food technology and the introduction of novel fiber ingredients are expanding the application scope.
Regulatory Support: Favorable regulations and health claims authorized by agencies like the FDA and EFSA are encouraging manufacturers to incorporate dietary fibers into their products.
Consumer Preferences: A shift towards preventive healthcare and natural ingredients is driving the demand for fiber-enriched foods.
E-commerce Expansion: The growth of online retail channels is making fiber-rich products more accessible to a broader consumer base.

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Key Takeaways from the Report:

The global dietary fiber market is expected to reach a market valuation of USD 33,098.0 million by the end of 2034.
Demand for dietary fiber is anticipated to evolve at a CAGR of 10.3% over the forecast period.
The market is expected to register a CAGR of 7.7% in Germany.
The United Kingdom is another European country where the growth of the market is expected to be positive. For the forecast period, the CAGR for the United Kingdom is marked to be 7.1%.
India and Japan are among the promising countries in Asia. For the forecast period, the CAGR for India and Japan is predicted to be 5.9% and 5.4% respectively.

Key Developments for Dietary Fiber Market:

New Product Launches: Leading companies are continuously launching innovative fiber products, such as prebiotic fibers and fiber supplements, to cater to diverse consumer needs.
Strategic Partnerships: Collaborations between food manufacturers and fiber ingredient suppliers are fostering the development of high-quality, cost-effective products.
Research and Development: Ongoing research to discover new sources of dietary fiber and improve their functional properties is paving the way for market growth.

Regional Analysis of Dietary Fiber Market:

North America: Dominates the market due to high health awareness, advanced food processing technologies, and a well-established functional food industry.
Europe: Significant growth driven by stringent health regulations, increasing aging population, and a strong trend towards organic and natural products.
Asia-Pacific: Rapid urbanization, growing middle-class population, and rising health consciousness are propelling market growth in this region.
Latin America and Middle East & Africa: Emerging markets showing potential growth due to increasing disposable income and changing dietary habits.

Competitive Analysis of Dietary Fiber Market:

Collaboration with celebrities and research and development are the key strategies to enhance presence in the market. Moreover, key companies are focusing on cost-effective solutions and sustainable packaging in the manufacturing process to draw consumers’ attention. Key players in the market include BENEO, ADM, Cargill Incorporated, and DuPont.

For instance, in October 2019, Cargill Inc. invested a significant amount of money to expand its product line to include dietary fibers. This project marked the company’s entry into the soluble dietary fiber market.

Dietary Fibers by Category

By Type:

Soluble
- Inulin
- Polydextrose
- Dietary Fibers
- Beta-Glucan
Insoluble
- Cellulose
- Hemicellulose
- Chitosan
- Chitin
- Lignin
- Resistant Starch

By Source:

Cereals & Grains
- Wheat
- Rice
- Bran
- Others
Fruits & Vegetables
- Apples
- Others
Other Crops

By Application:

Functional Food & Beverages
Animal Feed
Pet Food
Pharmaceuticals

By Region:

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

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