Market Research Blog

The extruded snacks market is projected to be valued at US$ 79.1 billion in 2023 and is estimated to grow at US$ 150.4 billion by 2033. The sales of extruded snacks are likely to secure a CAGR of 6.6% during the forecast period.

The growing demand for nutrient-rich snacks, changing consumers’ preferences, and craving spicy food are the factors increasing the adoption of extruded snacks. The growing popularity of wafers and low moist food further drives the market growth. The rising low-cost packed food among consumers is increasing the demand for extruded snacks. Manufacturers develop packed food items with high calories increasing food shelf-life and growing market size.

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The changing consumer’s ready-to-eat habits and growing consumption of fiber foods are boosting the demand for extruded snacks during the forecast period. Manufacturers are growing the food and beverages sector by innovating healthy diet snacks, which in turn, increasing market opportunities.

How Manufacturers are Increasing Sales of Extruded Snack

Extruded snack machine are utilized to heat up the products and give it a required or near-identical shape. For instance, breakfast cereals, pet foods, other pre-formed snacks are made using extruded machines as they can create a top-level of consistency in snack which are consumed every morning. Therefore, manufacturers use these machine for a variety of purpose, which is driving the market growth.

Growing consumer awareness and experimenting with new food items drive the market expansion. The food and beverage sector continues to experiment to provide extruded snacks for every age group people, which consequently increase the market share. The food industries providing health-conscious dietary snacks to fitness freak trainers are further booming the market opportunities. Furthermore, the adoption of easy-to-digest and light raw materials found in snacks, estimated to boost the market revenue.

Key Takeaways:

• The extruded snacks market is expected to have a valuation of US$ 150.4 billion by 2033.
• With a CAGR of 6.6%, the global market increasing from 2022 to 2033.
• The United States extruded snacks market is anticipated to record a CAGR of 4.5% through 2033.
• With a CAGR of 7.7%, the United Kingdom market is likely to uplift during the forecast period significantly.
• The China market is expected to capture a CAGR of 5.4% over the forecast period.
• Japan market is expected to register a CAGR of 7.7% from 2023 to 2033.

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Competitive Landscape:

The prominent players are present all around the globe, consolidating the market during the forecast period. The key vendor’s innovative new technologies to develop unique snack food items propel the market growth. Manufacturers use extruded snack machines to boost production and provide multiple extruded snacks.

These players further aim at adopting various marketing tactics to increase the market growth. These marketing tactics are acquisitions, mergers, partnerships, product launches, and agreements. The innovation of new ancillary equipment is maintaining the proper texture and flavor, which in turn, booming market opportunities.

Other Prominent Players in the Market are:

• Frito Lay Inc.
• PepsiCo, Inc.
• ITC,
• Kellogg’s
• Calbee
• Old Dutch Foods
• Modalez International Inc
• Robina Corporation
• JFC International
• Others

Recent Developments in the Extruded Snacks Market:

• In Mar 2018, the United States-based Campbell Soup acquired Snyder to grow its product portfolio.
• In Oct 2019, Calbee, a United state based company acquired Warnock Food Products, a Japan-based food company to boost its snack business in the country.

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Key Segments

By Product Type:

• Potato
• Corn
• Wheat
• Rice
• Oats
• Multi-grains
• Others

By Type:

• Simply Extruded
• Expanded
• Co-extruded

By Distribution Channel:

• Hypermarkets & Supermarkets
• Convenience Stores
  • commerce Platform
• Specialty Stores
• Retail Stores
• Others

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:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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In 2023, the global products from the food waste market are estimated to be worth US$ 55,120 million. Food waste product sales are projected to expand at a 5% CAGR to US$ 85,905.0 million by 2033.

The products from food waste industry are gaining significant traction due to the increasing demand for sustainable solutions for food waste management. The drivers for this market include the implementation of strict regulations regarding food waste disposal and growing awareness about the environmental impact of food waste. In addition, the development of new technologies and processes for food waste management, such as InSinkErator food waste disposers and food waste processors, is also driving the growth of this market.

The market for products from food waste industry also faces some restraints such as the high cost of installation and maintenance of food waste management systems, lack of awareness about the benefits of food waste management, and the unavailability of proper infrastructure in some regions. Moreover, the low profitability of food waste management and disposal services is also hampering the growth of this market.

Opportunities for the products from food waste industry include the development of innovative technologies and processes for food waste management and the increasing demand for value-added products derived from food waste such as meat waste disposals, carysil food waste disposers, and other food waste products. In addition, the increasing demand for organic fertilizers and biofuels is also creating new opportunities for the growth of this market.

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One of the emerging trends in the products from food waste industry is the use of technology to improve food waste management processes. Smart waste management systems are being developed that use sensors, data analytics, and artificial intelligence to optimize the food waste management process. In addition, the development of blockchain technology for food waste management is also gaining traction as it provides transparency and traceability in the food waste management process. These trends are expected to create new growth opportunities for the products from food waste industry in the coming years.

Key Takeaways from the Products from Food Waste Market:

• In 2022, the United States is anticipated to have a notable share in products from food waste, accounting for 8% of the global market.
• Germany is predicted to dominate the Europe market for products from food waste, with a CAGR of 4.3% during the forecast period.
• The products from food waste industry in India are predicted to thrive at a significant CAGR of 15.3% during the forecast period.
• With a CAGR of 7.4% over the forecast period, China is likely to be a prominent contributor to the growth of the products from food waste industry.
• Citrus fruits are predicted to dominate the products from food waste industry by source in 2023, accounting for around 35% of the total share.
• The food processing segment is predicted to dominate the products from food waste industry in 2023, accounting for around 40% of the market share.

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How Players are Capitalizing on Innovative Technologies in Products from Food Waste Industry?

The products from food waste industry are significantly growing and becoming increasingly competitive. With an increasing trend towards sustainability and reducing food waste, many companies are exploring ways to repurpose food waste into value-added products.

Leading players in the industry are Insinkerator, Emerson Electric Co., and Waste Management, Inc. are investing in new technologies and innovations to improve food waste processing and management. Insinkerator, for example, offers a range of food waste disposers and processors that can grind and process food waste into fine particles, while Waste Management provides a range of services to businesses and consumers to help manage and reduce food waste.

In addition to established players, many startups and small-scale companies are also entering the market, bringing them unique and innovative solutions. Carysil, for example, offers a range of food waste disposers that are compact and efficient, while TerraCycle provides a range of services to help businesses and individuals recycle their food waste.

The industry is also seeing a rise in collaborations and partnerships between companies to improve sustainability and efficiency in food waste management. For example, in 2021, PepsiCo partnered with Danimer Scientific to develop biodegradable food packaging made from plant-based materials.

Products from Food Waste Market Taxonomy

By Source:

• Mangoes
• Apples
• Grapes
• Citrus Fruits
• Carrots
• Beetroot
• Berries
• Others

By End User:

• Food Processing
• Beverage Processing
• Cosmetics & Personal Care
• Dietary Supplements & Nutraceuticals
• Animal Feed
• Others

Region:

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

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
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
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The non-dairy creamer market is expected to increase from US$ 1,721 million in 2023 to US$ 3,414.8 million in 2033.

An increase in health consciousness, disposable money, and awareness of chemical-free products all have a beneficial impact on market growth.

Non-dairy creams made from hydrogenated vegetable oils are mostly composed of creamy non-dairy fats. For creamy non-dairy applications, manufacturers in the creamy non-dairy fat business employ premium fat substitutes manufactured from hydrogenated vegetable oils. The availability of a wide range of greases with varying melting points allows for a variety of fat substitutes depending on the application.

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The food sector is the primary user of hydrogenated vegetable oil, followed by the cosmetics and personal care industry and the pharmaceutical business. With the growing vegan population and the prevalence of lactose tolerance worldwide, the non-dairy creamer market is expanding globally. Because about 70% of the world’s population is lactose intolerant, demand for fatty components of plant origin is likely to rise during the projection period.

Lactose is the primary element in conventional dairy creamer, which is used in the creation of beverages. The non-dairy creamer market counterpart is lactose-free and regarded as a substitute for dairy products such as milk or fresh cream. Non-dairy creamers can be used as a staple component of the diet for those who are lactose intolerant or for vegetarians who choose plant-based goods over animal-derived ones. Vegetable oil is the primary ingredient in non-dairy creamers. They have a similar flavor and feel to dairy products.

Key Points from the Non-dairy Creamer Market

• The market is expected to surpass US$ 3,414.8 million by 2033.
• The primary industry factors, such as expanding demand for allergen-free and plant-based additives, younger millennial customers, and increasing veganism, are likely to boost market expansion.
• Non-dairy creamer market is expected to record a CAGR of 7% during the forecast period 2023 to 2033.
• East Asia dominated the non-dairy creamer market.

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Key Development in the Non-dairy Creamer Market

• Highlander Partners, LP, a private equity investment firm focused on mid-market firms, said today that a PCI-based subsidiary of Highlander Partners has purchased ACH Food Companies, Inc. (ACH), a subsidiary of Associated British Foods, Plc. Non-dairy emulsified powders are found in foods like butter, cloth, and cream.
• March 2022 – Coffee Mate releases a new Drumstick Ice Cream Coffee Creamer. The new creamer tastes like ice cream with hints of milk chocolate, peanuts, and waffle cone.
• August 2022 – Dunkin’ Donuts debuted their latest coffee creamer product, Pumpkin Munchkin creamer. The new flavor is pumpkin-forward, with undertones of sweet doughnut glaze and natural spices. The items are sold in 32oz bottles at supermarkets and local convenience stores around the United States.
• January 2021 – Coffee Mate, a Nestle SA, debuted three creamer M&Ms milk chocolate, oatmeal crème pie-combination of flavors, cinnamon, brown sugar, and oatmeal cookie creamers.

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Key Segment

Form:

• Powder
• Liquid

Nature:

• Organic
• Conventional

Flavor:

• Original/Unflavoured
• French Vanilla
• Chocolate
• Coconut
• Hazelnut
• Other Flavors

Type:

• Original
• Light
• Fat-free

Base:

• Plant-based Milk
  • Almond
  • Coconut
  • Others (Soy, Hemp, Cashew)
• Vegetable Oil

End Use:

• HoReCa/Foodservice
• Food and Beverage Processing
  • Food Premixes
  • Soups and Sauces
  • Beverages Mixes
    • Coffee Mixes
    • Tea Mixes
  • Bakery Products and Ice Creams
  • RTD Beverages
  • Infant Food
  • Prepared and Packaged Food
  • Household/Retail

Packaging:

• Retail
  • Sachets
  • Bags
  • Pouches
  • Canisters
  • Bottles
• Plastic Jars
• Bulk

Distribution Channel:

• Direct
• Indirect
  • Hypermarkets/Supermarkets
  • Modern Grocery Stores
  • Speciality Stores
  • Online Retail

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:

Nandini Singh Sawlani
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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According to the recent FMI report, the sales for milk protein hydrolysate are expected to cross a value of USD 1.6 Bn in 2032, significantly rising at a CAGR of 6.9% in the time period of 2032.

By 2027, the market for milk protein hydrolysate in sports nutrition applications is expected to exceed USD 0.4 Bn. Sports nutrition products are made up of various types of nutritional food in specified amounts that aid in improving performance and sustaining body energy levels.

The global Milk Protein Hydrolysate Market is experiencing substantial growth due to increasing awareness of the health benefits associated with it. Milk protein hydrolysate is a specialized form of milk protein, obtained through enzymatic hydrolysis, breaking down large protein molecules into smaller peptides. These peptides are easier to digest and offer a higher nutritional value, making them suitable for infant formulas, sports nutrition, and clinical nutrition applications.

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Key Takeaways from the Milk Protein Hydrolysate Market Study:

• During the projection period, demand for whey protein hydrolysate in the US is expected to increase by approximately 5.1%. Consumers are paying greater attention to protein-rich products in order to maintain an overall health balance, which is fuelling the expansion of the milk protein hydrolysate sector.
• According to FMI analysis, by the end of 2027, the poultry animal feed segment is expected to generate over USD 13.6 Bn in sales. Demand for nutritional and protein-rich food for poultry animals has been encouraged by rising demand for chicken meat and high-quality eggs, which is expected to drive segmental expansion in the coming years.
• Due to the rising consumer spending on healthcare and the rising frequency of metabolic illnesses across Latin America, the milk protein hydrolysate market in the country is expected to grow at a CAGR of 4.8% by 2032.
• The milk protein hydrolysate market in MEA is valued at over USD 28.3 Bn and is expected to increase significantly during the forecast period, owing to rising product acceptance in dietary supplements and clinical nutrition in the region.

Sports drinks, supplements, and foods such as protein powders, protein bars, supplement powder, ready-to-drink protein beverages, and energy bars are examples of sports nutrition products. Bodybuilders and athletes mostly use these items to increase muscular growth, body performance, and overall wellness, which should boost market figures.

The growth of the sports nutrition segment will also be aided by an increase in the number of young and middle-aged persons participating in sports activities. Milk hydrolysates are important in sports nutrition because they provide a rapid release of amino acids into the bloodstream, which helps muscle and mass development.

Also, the increasing awareness about the benefits of protein-based sports nutrition products paired with an active lifestyle is projected to drive sports nutrition-based milk protein hydrolysate market demand.

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“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” said a lead analyst at FMI.

Who is winning?

Leading industry players have recently implemented strategic measures to enter into emerging markets, resulting in increased market dynamics. For example, Kerry, a big nutrition firm, completed the acquisition of Biosearch Life, a functional food and pharmaceutical specialist, in July 2021. Kerry made the strategic acquisition in order to broaden its market offers for health-related supplements and diet additives.

Some of the leading companies offering Milk Protein Hydrolysate are

• Fonterra Co-operative Group Ltd.
• Kerry Ingredients
• Meiji Holdings
• MILEI, Friesl and Campina DMV B.V.
• AMCO Proteins
• Nestle S.A.
• Morinaga Milk Industry co. Ltd.
• Cargill Inc.
• Lactalis Group

Get Valuable Insights into Milk Protein Hydrolysate Market

FMI, in its new offering, provides an unbiased analysis of milk protein hydrolysate presenting historical demand data (2017–2022) and forecast statistics for the period from (2022–2032). The study divulges compelling insights on the demand for milk protein hydrolysate based on form (powder and paste), by product (whey and casein), by technology (acid hydrolysis, enzymatic, and hydrolysis), by application (sports nutrition, clinical nutrition, infant nutrition, and animal feed) across five major regions.

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
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
LinkedIn| Twitter| Blogs | YouTube

The global pea milk market is projected to experience accelerated growth with a Compound Annual Growth Rate (CAGR) of 10.4% from 2022 to 2032. The sales of pea milk are poised to contribute to the overall demand in the global plant-based milk market, which is valued at USD 14 billion in 2022.

Pea milk (also known as pea protein beverage) refers to a plant milk prepared by making use of pea protein. Commercial pea milk is mostly available in different flavours such as unsweetened, sweetened, chocolate, and vanilla, and is enriched with vitamins. Pea milk is marketed as a highly eco-friendly alternative to animal-based milks and GMO-free alternative to other plant based milk types, such as soy milk.

There has been a significant demand for plant-based beverages, as consumers are looking for healthier and sustainable alternatives to animal-based beverages. Plant-based beverages have been in vogue since a decade and their demand is reaching new heights in line with lack of enthusiasm for animal-based beverages. The rising gravitation toward health and wellness trend is also evoking consumer interest in plant-based beverages, including pea milk.

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Pea Milk Market- Novel Developments

Some of the key players operating in the pea milk market include Bolthouse Farms, Ripple, and others. Key players in the pea milk market are making headway with new product launches, which, in turn, will boost their organic growth and enable them to hold a competitive edge in the global pea milk market.

• In 2019, Whole Foods Market Inc.- a leading American supermarket chain- has made official announcements of releasing vegan pea milk made by a brand called ‘The Mighty Society’ in its UK-based stores, in response to the rising preference for dairy-free alternatives. The pea milk, which is made from yellow split peas, contains approximately 8g of protein per glass, is proven to be several times more beneficial than almond
• In 2017, Ripple Foods- a key pea-based milk brand- launched an 8-bit game as a fun and recreational medium to convey the health benefits of pea milk. Created via a strategic partnership with VMG Creative, the 8-bit game makes users answer multiple questions that pop-up, such as “Should milk shower you in sugar?”, “Should milk be a good source of protein?”. These questions are then followed by interesting facts explaining why Ripple milk is healthier and why pea milk should be consumed.

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Pea Milk Market- Dynamics

Pea Milk Market- Rising Demand for Plant-based Milks to Propel Growth

The unwavering demand for plant-based milks is a key factor fuelling investments in pea milk market. Consumers moving away from animal-based products are developing an unquenchable demand for plant-based milk, thereby driving growth of pea milk market. Consumers are on a continuous lookout for healthier and sustainable alternatives of adding proteins to their dietary preferences, thereby creating sustained opportunities for pea milk.

Insatiable demand for non-dairy alternatives is resulting in increased sales of plant-based beverages, with pea milk being one of the highly desired varieties. Consumers who are lactose intolerant are also finding pea milk intriguing, as it consists of zero dairy, zero soy, and zero nuts. Availability of pea milk in multifarious flavors, such as vanilla, original, chocolate, and others, is evoking consumer interest in pea milk.

Pea Milk Market- Pervasive Trend of Veganism & Flexitarianism to Boost Growth

Growing trend of veganism and flexitarianism is creating an augmented demand for plant-based milk, including pea milk. As both health and environmental risks associated with animal-based products keep increasing, people are shifting their dietary preferences and turning to veganism for leading healthy lifestyles.

Vegan consumers are reaching for plant-based milk varieties with rich nutritional profiles and are willing to pay premium prices for the same. This, in turn, is working in favor of pea milk market and creating revenue-making opportunities for the stakeholders of pea milk market. Similarly, the rising trend of flexitarianism is also providing an impetus to growing demand for pea milk.

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Pea Milk Market- Companies Experiment with Innovative Marketing Strategies to Boost Consumer Interaction

Companies operating in the pea milk market are experimenting with innovative marketing strategies to improve customer-brand interaction. Brands are using Facebook, Instagram, and other social media platforms to reach out to customers via interactive posts and evoke greater levels of interest with unique presentation styles. Moreover, key players in the pea milk market are also focusing on new product launches and distinguishable offerings to reap sizeable profits.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global pea milk market. The report on pea milk market provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with pea milk market attractiveness as per segments. The report on pea milk market also maps the qualitative impact of various factors on pea milk market segments and geographies.

Pea Milk Market- Segmentation

By flavour, the pea milk market is segmented into-

• Vanilla
• Mango
• Chocolate
• Others

By sales channels, the pea milk market is segmented into-

• Supermarkets
• E-commerce
• Convenience stores
• Other retail outlets

By packaging types, the pea milk market is segmented into-

• Bottles
• Carton

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:

Nandini Singh Sawlani
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
LinkedIn| Twitter| Blogs | YouTube

The bubble tea market is expected to increase at a 9% CAGR from 2023 to 2033, above the 9.1% CAGR witnessed between 2018 and 2022. This huge increase in growth rate suggests a high demand for bubble tea, resulting in a significant increase in market value from US$ 33,121.5 million in 2023 to US$61,152.4 million by 2033.

The bubble tea market has experienced enormous expansion and appeal in recent years. Consumer demand for unique and exotic beverages is one of the primary drivers of this expansion. Bubble tea, also known as boba tea, is a refreshing blend of tea, milk, fruit tastes, and chewy tapioca pearls that appeals to a wide range of palates.

The market is driven by the growing popularity of Asian cuisine and the influence of social media, which has played a significant role in promoting and popularizing bubble tea globally. The visually appealing presentation, customizable options, and innovative flavors have made bubble tea a trendy and sought-after beverage choice.

There are, nevertheless, some constraints and hazards to consider. Some bubble tea versions have a high sugar content, which has generated concerns about their influence on health and wellness. Furthermore, the market’s expanding competition, with several bubble tea brands emerging, presents a challenge for new and established businesses.

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Despite these obstacles, the bubble tea market offers numerous potential. Sugar-free and fruit-based bubble tea varieties have been developed in response to increased customer demand for healthier options. Furthermore, growing market presence through online delivery platforms and cooperation with other food and beverage companies can assist in reaching new client groups and increasing market reach.

The bubble tea sector has numerous potential for expansion and innovation. Market players can continue to capitalize on the popularity and demand for bubble tea and drive the market’s expansion by addressing consumer health concerns, adopting new taste profiles, and employing digital marketing methods.

Key Takeaways

• In the United States, the market is growing at a CAGR of 23.9% in 2022.
• The United Kingdom is expected to develop at a CAGR of 5.1% by 2033, suggesting a strong industry outlook and rising consumer interest in novel beverage options.
• The increased popularity of specialty beverages and the influence of global food trends are predicted to push India’s Bubble Tea market to a CAGR of 4.7% by 2033.
• China’s Bubble Tea market is expected to develop at a CAGR of 11.4% by 2033, driven by the country’s growing urban population and changing customer preferences for creative and refreshing beverages.
• Japan’s market has a compound annual growth rate of 4.8% as per the forecast for 2022.

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Competitive landscape

The bubble tea market’s competitive environment is active and diverse, with several prominent competitors contending for market share. Chatime, a global brand, has a significant presence in several countries and offers a wide choice of personalized bubble tea alternatives. Kung Fu Tea distinguishes itself by emphasizing premium ingredients and traditional brewing procedures.

Gong Cha, noted for its unique flavors and toppings, has increased its global reach. CoCo Fresh Tea & Juice is a well-known bubble tea chain that uses fresh, high-quality ingredients. Tiger Sugar’s visually stunning “tiger stripe” cocktails have made a niche for themselves. These companies are constantly striving to differentiate themselves through flavor variety, customizable options, and distinctive branding, engaging in strong rivalry for the attention and devotion of bubble customers.

Recent Developments:

• CoCo Fresh Tea & Juice is a global bubble tea franchise that stresses the use of fresh, high-quality ingredients. Their distinctive fruit teas combine fresh fruits with tea to create refreshing and tasty beverages.
• Tiger Sugar is known for its distinctive and visually appealing cocktails with a “tiger stripe” pattern. They specialize in brown sugar bubble tea, which is made with slow-cooked brown sugar syrup for a rich, caramelized flavor profile.

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Key Segments in the Bubble Tea Market

By Base Ingredient:

• Black Tea
• Green Tea
• Oolong Tea
• White Tea
• Others

By Sugar Content:

• Regular
• Reduced Sugar/Sugar-Free

By Toppings:

• Pearl
• Grass Jelly
• Coconut Jelly
• Red Bean
• Multiple/Others

By Distribution Channel:

• Direct (B2B)
• Indirect (B2C)
• Online Retailing

By Region:

• North America
• Latin America
• Asia Pacific
• 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.

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Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The global vegan caviar market size is anticipated to surpass a valuation of US$ 245.00 million in 2023. It is likely to attain a valuation of US$ 484.1 million by 2033. The market is expected to prosper at a CAGR of 7% from 2023 to 2033.

Vegan caviar’s flavor and quality have dramatically increased in recent years. Innovative techniques have been developed by manufacturers to mimic the flavor, texture, and appearance of traditional caviar using plant-based components. Vegan caviar is enticing and pleasing to consumers due to its improved quality and similarity to regular caviar, which increases demand. For those looking for nutrient-rich alternatives, vegan caviar offers health advantages.

Seaweed, tapioca, or vegetable oils, which can offer vital elements including vitamins, minerals, and omega-3 fatty acids, are frequently used to make plant-based caviar replacements. This appeals to people who are interested in incorporating wholesome substitutes into their diet.

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People with allergies to fish or shellfish may experience allergic reactions while eating traditional caviar. Because vegan caviar is free of these allergens, it is a good alternative for anyone with dietary limitations or allergies. The accessibility of allergen-free substitutes expands the market and boosts demand for vegan caviar. The spawn of sturgeons, an endangered species that is frequently overfished and has detrimental ecological effects, is used in traditional caviar manufacturing.

Consumers are worried about the decline of sturgeon populations and the effects of conventional caviar harvesting on the environment. Vegan caviar, produced from plant-based materials, provides a sustainable and environment-friendly alternative by doing away with the harmful consequences that traditional caviar manufacturing has on the environment.

Vegan caviar is a specialty food item with a dedicated consumer base. Companies may concentrate on better serving this particular market by adopting strategic distribution. To encourage client loyalty and advocacy, they might establish a distinctive brand identity, develop specialized marketing plans, and establish a community around their product.

The growth of e-commerce proliferates market growth. Consumers now buy food goods in an alternative fashion due to the growth of e-commerce and online marketplaces. Instead of depending on conventional retail intermediaries, vegan caviar producers may use these channels to offer their products directly to customers. E-commerce enables businesses to reach a wide market and increase their consumer base by offering convenience, accessibility, and a worldwide presence.

Key Takeaways from the Vegan Caviar Market:

• The global vegan caviar industry size progressed at a CAGR of 2.5% from 2018 to 2022.
• In 2018, the global market size stood at US$ 214.0 million.
• The market size valued at US$ 236.00 million in 2022.
• In 2022, the preserved form segment secured 23% of the share in the global market.
• In 2022, the direct distribution channel segment captured 57% of the share in the global market.
• In 2022, the United States recorded a 26.0% share of the global market.
• In 2022, India captured a 9.0% share of the global market.
• In 2022, China witnessed a 10.0% share of the global market.

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Vegan Caviar Market Segmentation

By Form:

• Preserved
• Frozen
• Dried
• Fresh
• Cooked
• Others

By End-use:

• Household
• Restaurant
• Others

By Distribution Channel:

• Direct
• Indirect
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Independent Retailers
  • Online Retailers

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania

The Middle East & Africa (MEA

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
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
LinkedIn| Twitter| Blogs | YouTube

By 2032, the global Apple cider vinegar market net worth is projected to increase by 5.7% annually, reaching US$ 1.08 billion.

Vinegar can be defined as a condiment made from various sugar and starchy materials processed through alcoholic and subsequent acetic fermentation. Apple cider vinegar is one type of vinegar, widely used as an antimicrobial and flavoring component in cuisines. Apple cider vinegar is rich in acetic acid, magnesium, potassium, probiotics, and enzymes.

It helps to regulate body pH, lowers blood sugar and cholesterol level, supports heart health, cure sinus infection, and prevent skin irritation. Apple cider vinegar also supports weight loss and metabolism. Additionally, the high anti-fungal abilities of apple cider vinegar enable it to be used for cleaning purposes. It kills harmful bacteria and prevents the formation of fungi. It is used as a flavoring agent in soups and condiments and salad dressing.

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Rising Health Consciousness and Diverse Culinary Applications Propel Growth of Apple Cider Vinegar Market

The global apple cider vinegar market is poised for sustained growth, driven by its versatile applications in the food and beverage industry. With a prominent role in salad dressings, sauces, soups, and food preservation, apple cider vinegar has become an essential component in culinary creations worldwide.

Market Trends and Drivers:

1. Culinary Significance: Apple cider vinegar’s widespread use in various cuisines contributes significantly to its market growth, making it a key ingredient in ethnic and foreign dishes.
2. Health and Wellness: Increasing health consciousness, a rise in the aging population, and growing purchasing power are driving the demand for apple cider vinegar. The natural ingredients in apple cider vinegar align with the global trend towards healthier choices.
3. Pharmaceutical Applications: The pharmaceutical segment is expected to witness substantial growth due to the use of apple cider vinegar in balancing blood sugar levels and improving conditions like diabetes. Its application to soothe sunburn further boosts its pharmaceutical relevance.
4. Distribution Channels: Supermarkets/hypermarkets hold a significant share in the distribution of apple cider vinegar, benefiting from the expansion of retail chain formats globally.

Market Segmentation:

1. Applications: Apple cider vinegar finds applications in food and beverages, pharmaceuticals, personal care, and other sectors, contributing to its diverse market presence.
2. Distribution Channels: The market is segmented based on distribution channels such as supermarkets/hypermarkets, drug stores, convenience stores, specialist stores, and others.

Regional Outlook:

1. North America: The region is expected to dominate the market in terms of market value, driven by a robust culinary culture and increasing health awareness.
2. Asia-Pacific: Witnessing high growth, the Asia-Pacific region benefits from rising health consciousness and increasing disposable income.

Key Takeaways:

1. The apple cider vinegar market is anticipated to witness sustained growth, driven by its culinary significance and health-related applications.
2. Pharmaceutical applications, especially in managing blood sugar levels, contribute to the market’s growth trajectory.
3. Supermarkets/hypermarkets play a crucial role in the distribution of apple cider vinegar, leveraging the global expansion of retail chain formats.

Apple Cider Vinegar Market Key Players 

Some of the key players in the apple cider vinegar market include Barnes Naturals, The Kraft Heinz Company, Carl Kühne KG, Castelo Alimentos S/A, Old Dutch Mustard Co., Inc., Marukan Vinegar USA Inc., and Aspall among others.

Companies in the apple cider vinegar market are heavily investing in research and development activities to enhance the functional profile of apple cider vinegar. Companies also focus upon building efficient supply chain to ensure wide availability of apple cider vinegar in the market.

The Report covers exhaustive analysis on 

• Apple Cider Vinegar Market Segments
• Market Dynamics of Apple Cider Vinegar Market
• Historical Actual Market Size, 2013-2015 for  Apple Cider Vinegar Market

• Apple Cider Vinegar Market Size & Forecast 2016 to 2026
• Value Chain
• Apple Cider Vinegar Market Current Trends/Issues/Challenges
• Competition and Companies Involved in Apple Cider Vinegar Market
•  Apple Cider Vinegar Market Drivers and Restraints

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Regional analysis for the Global Smart Virtual Personal Assistants Market includes 

• North America

• US
• Canada

• Latin America

• Brazil
• Mexico
• Rest of Latin America

• Europe

• Western Europe

• Germany

• France
• U.K
• Italy
• Spain
• Nordics

• Benelux
• Rest of the Western Europe

• Eastern Europe

• Poland
• Russia
• Rest of the Eastern Europe

• Asia Pacific excluding Japan (APEJ)

• China
• India
• ASEAN
• Australia and New Zealand (ANZ)
• Rest of APEJ

• Japan
• The Middle East and Africa

• GCC Countries
• North Africa
• South Africa
• Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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:

Nandini Singh Sawlani
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
LinkedIn| Twitter| Blogs | YouTube

The global vegan supplements market is expected to develop at a CAGR of 11.3% from 2022-2032. It is anticipated to reach a valuation of approximately US$ 14,089.6 Million by the end of 2032.

The market for vegan supplements is expected to grow at a fast pace from 2022 to 2032 as a result of rising concerns regarding animal health and protection on one side, and rising veganism on the other side. A strict vegetarian diet that forgoes all animal products, including milk, eggs, and meat, is known as a vegan diet. The global acceptance of vegan supplements, which have a high nutritional content, is a consequence of the beverages and food industry’s ongoing transformation.

Vitamins for vegetable lovers are nowadays much more necessary than ever. Consumers’ rising levels of healthy lifestyle consciousness and the rapidly expanding vegetarian population continue to be key drivers. It is founded on component labeling and the promotion of contributions that are high in energy.

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Key Takeaways from the Vegan Supplements Market Study

• Approximately 40% of consumers in the U.S. bought vegan products because they believe these products are nutritious.
• By form, the powder segment is expected to remain at the forefront by generating the largest vegan supplements market share.
• Nearly 75% of German households would want to see more vegetarian goods at supermarkets.
• Europe is estimated to drive demand in the vegan supplements market during the forecast period of 2022 to 2032.
• The vegan supplements market is expected to reach nearly US$ 4,803.6 Mn by 2022.

“Rising adoption of preventive healthcare practices and increasing prevalence of vitamin deficiencies are expected to bode well for the global vegan supplements market. Manufacturers and retailers are beginning to provide free access to “wellness tools” that would create a user-specific antioxidants list based on their specific requirements and conditions,” says a Future Market Insights analyst.

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Competitive Landscape: Vegan Supplements Market

Some of the key players are General Mills Inc., Garden of Life, Danone S.A., PepsiCo Inc. , Blue Diamond Growers Inc, ALOHA, NuGo Nutrition, One Brands, BHU Foods , G&G Foods, Country Life LLC, Wonder Laboratories, Now Health Group Inc., Jarrow Formulas, Kerry Group PLC, Nutritional Growth Solution, and others.

The global vegan supplements industry is moderately competitive and fragmented, with several mid and small-scale businesses. Key players operating in the global market are focusing on continuous product launches and new product developments to stay ahead in competition.

Explore More Valuable Insights on the Vegan Supplements Market

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

The study offers compelling insights based on the form (powder, liquid, capsules & soft gels, tablets, pills, gummies, and bars), based on ingredients (vitamins & minerals, amino acids & proteins, herbal & botanical ingredients, and others), based on health needs (weight loss, sports nutrition, general well-being, immune & digestive health, bone & joint health, heart health, and other specific requirements), based on customer orientation (men, women, senior citizen, and others), and based on sales channel (hypermarkets/supermarkets, pharmacies & drug stores, convenience stores, departmental stores, online retail stores and other sales channel), across seven major regions of the world.

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Vegan Supplements Market Outlook by Category

By Form:

• Powder
• Liquid
• Capsules & Soft Gels
• Tablet
• Pills
• Gummies
• Bars

By Ingredients:

• Vitamins & Minerals
• Amino Acids & Proteins
• Herbals & Botanicals
• Others

By Health Needs:

• Weight Loss
• Sports Nutrition
• General Well-being
• Immune & Digestive Health
• Bone & Joint Health
• Heart Health
• Other Specific Requirements

By Customer Orientation:

• Men
• Women
• Senior Citizen
• Others (Kids & Toddlers)

By Sales Channel:

• Hypermarkets/Supermarkets
• Pharmacies & Drug Stores
• Convenience Stores
• Departmental Stores
• Online Retail Stores
• Other Sales Channel

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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:

Nandini Singh Sawlani
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
LinkedIn| Twitter| Blogs | YouTube