Market Research Blog

The food dehydrator market was experiencing significant growth due to increasing consumer interest in healthier food preservation methods and the rising popularity of homemade snacks. A food dehydrator is an appliance designed to remove moisture from food items, such as fruits, vegetables, herbs, and meats, through a drying process, which helps extend their shelf life while retaining most of their nutrients and flavors.

According to a newly released report on the global food dehydrators market by FMI estimates that in 2031, the global market for food dehydrators is expected to reach USD 3,761 Million. In 2021, the market was estimated at USD 2,028 Million. If these projections are correct, the market would grow at a CAGR of 6.4% from 2021 to 2031.

Asia Pacific and North America are expected to emerge as lucrative markets for food dehydrators besides Europe. In terms of end use, the food dehydrators market can be classified into industrial, commercial, residential, and others. Of these, industrial will lead the global market on account of the rising demand from the food and beverages sector.

According to the report, the rising demand for food with longer shelf-life will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the food dehydrator market. Some of these are:

• The estimated value of the market was at US$ 1600 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Regionally, Europe emerged as a key market for food dehydrator.
• Asia Pacific and North America will remain steady as key markets for food dehydrators.
• Industrial segment expected to show growth at the highest rate of growth among end users over the forecast period.
• Key players are likely to focus on expanding their product portfolio to stay relevant in the market.

Demand for Food with Improved Shelf-life Will Boost Growth

The rising demand for food with longer shelf-life is one of the chief growth drivers of the market. Dehydrating food is one of the best technologies to enhance food shelf-life and preserve it for a longer period. The method has gained popularity because it helps in reducing food wastage. As a result of this, food dehydration also is a preferred technology for preserving unconsumed food among government and non-government organizations.

Who is Winning?

Some of the leading players operating in the food dehydrators market are Excalibur Dehydrator, Koolatron Corporation, NESCO, National Presto Industries, Inc., Hamilton Beach Brands, Inc., Lem Products Holding LLC, Tribest Corporation, The Sausage Maker, Inc., NutriChef Kitchen, LLC, Buffalo Appliances, STX International, Avantco Equipment, Vitality4Life Pty Limited, Aroma Housewares Company, and  Gourmia.

As a result of increasing competition, food dehydrator manufacturers are focusing on expanding their product portfolio and improving existing technologies. Furthermore, they are using innovation to use different sources of energy to make food dehydration process more eco-friendly and reduce cost of production.

Market Segmentation

The global Food Dehydrators market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Technology

• Vertical Airflow
• Horizontal Airflow

End Use

• Industrial
• Commercial
• Residential
• Other End-Uses

Energy Source

• Electricity
• Biofuel
• Solar
• Others

Region

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

FREQUENTLY ASKED QUESTIONS ABOUT THE FOOD DEHYDRATOR MARKET

What drives the food dehydrator market?

The rising demand for advanced technologies for preserving food for a longer time is the chief driver of the food dehydrators market. In addition to this, the market has government support, which will propel growth in the coming years.

Which factors put the food dehydrators market at risk?

Lack of awareness and resources in under-developed economies often restricts the application of food dehydrators.

Which region will lead the global food dehydrators market?

Europe is expected to remain the dominant market for food dehydrators through the forecast period.

Which application segment offers the most lucrative growth opportunities?

The industrial segment shows the highest demand for food dehydrators. As a result of this, the expansion of the agricultural and food processing industries will give impetus to the food dehydrators market.

Which segment based on the technology will record the highest growth?

In terms of technology, the horizontal airflow segment held the dominant share of the market in 2019.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global canned seafood market is projected to have a moderate-paced CAGR of 3.7% during the forecast period. The current valuation of the canned seafood market is USD 33.6 billion in 2023. The value of the canned seafood market is anticipated to reach a high of USD 48.2 billion, by the year 2033.

The outcome of expanding consumer spending power is an increase in demand for notable and unusual culinary items. The market has more prospects as a result of the use of various types of seafood in restaurants and hotels in the United States. The canned seafood market is projected to expand due to the rising acceptance of plant-based seafood.

For instance, a Bloomberg Intelligence analysis projects stated that the market for canned fish made from plants would increase from US$ 30 billion in 2020 to US$ 162 billion in 2030.

Scientists and marketers are developing nutritious, plant-based fish that tastes authentic due to the rise in demand for seafood alternatives. For example, the canned fish manufacturer Karavela created a range of yellow pea-based canned seafood items in December 2021.

Both small businesses and established businesses are exhibiting interest in fish made from plants. An alternative to tuna derived from soy, yeast, and sunflower extract was introduced by Atlantic Natural Foods. Additionally, Good Catch secured US$ 32 million in funding in January 2020 for their plant-based seafood, while another company, Impossible Foods, said in 2019 that it is working on plant-based fish.

As consumer awareness for ecologically and socially responsible seafood procurement grows, customers have begun choosing fish items that are acquired sustainably. As a result, more producers of canned salmon are attempting to get their raw materials from fisheries that have received certification from the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council in an effort to support the sustainable movement (ASC). Additionally, it ultimately led to a rise in canned fish sales.

Numerous manufacturers and distributors are concentrating on sales through online channels and e-commerce platforms as a result of customers’ increased interest in and preference for online shopping, which is being fueled by convenience. Therefore, brands like F.C.F. Fishery’s Bumble Bee and Dongwon Group’s StarKist are working more and more closely with online retailing businesses like Amazon, Alibaba, ASDA, and Waitrose & Partners to offer items on their e-commerce platforms. Additionally, business-to-business (B2B) and business-to-consumer (B2C) activities are supported through the internet and e-commerce platforms. In addition, new companies are enhancing logistics and the supply chain to assist in the hassle-free delivery of canned seafood to customers.

However, during the projection period, illegal fishing and overfishing may provide a significant threat to the canned seafood industry. Despite being the market’s main driver, commercial fishing has had a negative impact on fish stocks. Thus, it has caused overfishing and the depletion of fisheries.

Key Takeaways:

• Over the forecast period, the United Kingdom is anticipated to occupy a significant portion of the global canned seafood market. By purchasing fish solely during its season, British businesses are setting the standard for canning mackerel, tuna, sardines, anchovies, and salmon. Additionally, they obtain it mostly from the world’s most eco-friendly fisheries.
• The canned seafood market in the United States is expected to grow significantly, over the projection period. All of the seafood that the key players buy comes from small-scale fishing villages in the United States, as well as Canada. They solely deal with fisheries that are managed responsibly to benefit both the environment and workers.
• The caviar product category is anticipated to generate the most revenue throughout the course of the projection period because pharmaceutical businesses use it and the different extracts from its products to create tablets, capsules, and liquid medicines that assist patients overcome inadequacies.
• As they offer discounts and deals to improve their sales results, the hypermarkets/supermarkets sales channel type, and is the most creative segment for key companies, accounting for a sizable portion.

Competitive Landscape:

The global canned seafood market is divided as a result of the presence of both international and local competitors. Significant market share is held by several corporations in their specialized industries. Leading firms frequently value organic developments, such as product approvals and the rise in demand for foods derived from animals, fats and oils, refined grains, and fruits and vegetables. The canned seafood market throughout the world is predicted to grow significantly as a result of these causes.

Key Players:

• Nueva Pescanova
• Marine Harvest ASA
• Thai Union Frozen Products
• Royal Greenlands
• StarKist Co.
• Nippon Suisan Kaisha Ltd.
• Maruha Nichiro Corporation
• Icicle Seafoods Inc.
• LDH (La Doria) Ltd.
• Wild Planet Foods
• American Tuna Inc.
• Universal Canning Inc.
• Tri Marine Group
• Trident Seafoods Corporation
• Connors Bros. Ltd.

Recent Developments:

• In May 2019, Rio de Oro, a Moroccan manufacturer of frozen fish, introduced a line of canned fish with a focus on the European market.
• In August 2020, Golden Gate Capital and Thai Union Group PCL had agreed to sell each other the remaining stock interest in Red Lobster Seafood Co. Orlando is likely to continue to house Red Lobster’s headquarters.

Key Segments

By Product Type:

• Caviar
• Mackerel
• Salmon
• Sardines
• Tuna
• Others

By Sales Channel:

• Hypermarkets/Supermarkets
• Convenience Stores
• Independent Grocery Stores
• Specialty Stores
• Online Retail

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The superfood market  value is expected to rise from USD 183.58 billion in 2024 to USD 330.67 million by 2034. This market is analyzed to expand at a CAGR of 6.10% over the next decade.

Consumers are seeking these power foods to elevate their health, as the notion of superfoods is appealing to the general public. A remarkable surge in health and wellness trends across the countries is influencing the way manufacturers are responding with their latest food and drink products.

The growing popularity of superfoods is thus inducing manufacturers to heavily use these foods in recent drink innovations, to captivate health-conscious consumers. The quest for a healthier lifestyle, particularly among younger consumers, is driving people to seek more natural alternatives for their daily sustenance.

Key Takeaways from the Superfood Market Report

• The superfood industry gained US$ 146.16 billion in 2019. From 2019 to 2023, the market expanded at a CAGR of 5.64%.
• By product type, the vegetable segment is expected to acquire 32.1% in 2024.
• By distribution channel, the hypermarket/supermarket segment is anticipated to obtain 15.6% in 2024.
• The Asia Pacific is expected to observe heightened demand for superfoods, due to increasing marketing efforts conducted by key players. In this region, India is projected to register a relatively higher CAGR of 6.6% than the other market players.

“Key players are investing in research and development of new formulations with superfoods as a key ingredient in them. Further, to increase their sales, players are selling their products on online platforms,” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Profiling of Top 3 Companies Providing Superfoods Globally

• Superlife Co. Pte LTD.

Superlife Co. Pte LTD. is a key provider of natural beauty products and services that focuses on developing tasty, convenient, and affordable Asian quinoa packs. A recent addition by the company is probiotics kombucha which maintains a flat tummy diet. The product has no preservatives, or artificial sugar, and is all-natural.

• NUA Naturals

NUA Naturals offers organic superfoods that contain vitamins, and proteins and are 100% vegan. These organic superfoods make a big difference to the consumers’ health. Apart from this, the company is mindful of sustaining the well-being of the environment.

• Organic Meets Good

Organic Meets Good is situated in the United States, and specializes in organic superfood products from across the globe. The company develops distinctly formulated blends, thus creating some of the tastiest and healthiest organic products.

Recent Developments in the Market

• In February 2021, Kohsei Foods Co., Ltd. commenced the sales of rice bran products, traditionally applied for fermenting in Japan, in the United States. “Nuka” rice bran is developed by the company and has been fermented using lactic acid in a hygienic and convenient tube form. Given its distinct tube packaging, “Nuka” is a convenient way of obtaining nutrients in the diet.
• In August 2023, Daily Need Exim Pvt Ltd. announced that it would be importing Natto, a traditional Japanese health food in India, and selling it via the online shop, i.e., “MAIN DISH.in”. Natto offers a new option to the Indian food culture and it is considered an ideal choice for people following a balanced diet.

Enlisted Below are Some Top Market Players

• Nutiva
• Rhythm Superfoods LLC
• Sunfood Superfoods
• Superlife Co. Pte LTD.
• NUA Naturals
• Organic Meets Good
• Impact foods International
• Navitas LLC
• Nutrisure Limited
• Del Monte Pacific Group
• Archer Daniels Midland
• Creative Nature
• Healthy Truth
• Nature’s Superfoods LLP
• Ocean Spray
• The Green Labs LLP
• Suncore Foods
• Apax Partners
• Supernutrients
• Bulk Superfoods
• Others

Market Segmentation of Superfoods

By Product Type:

• Vegetables
• Fruits
• Grain and Seeds
• Herbs and Roots
• Other Types

By Distribution Channel:

• Hypermarkets/Supermarkets
• Online Channels
• Traditional Grocery Stores
• Convenience Stores
• Specialty Stores
• Other Distribution Channel

By Application:

• Beverages
• Convenience or ready-to-eat and ready-to-drink foods
• As it is superfoods
• Bakery and confectionary
• Supplements
• Other Food Types

By Different Regional Markets are as Follows:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The potato protein market was experiencing significant growth and gaining traction in the food industry. Potato protein is a high-quality plant-based protein derived from potatoes through various extraction processes. It is a suitable alternative to traditional animal-based proteins and is sought after by consumers looking for plant-based and allergen-free options.

The demand for plant-based protein sources has been rising due to increasing health consciousness, environmental concerns, and dietary restrictions. As a result, the potato protein market has witnessed steady growth as an attractive alternative to soy, wheat, and other plant-based proteins.

The global potato protein market is predicted to register a CAGR of 7.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from USD 144 million in 2023 to USD 300 million by 2033 end.

The surging demand for clean-label products as a result of increasing concerns around the robust climate change is propelling the demand for vegetable-based proteins. Due to this, the incorporation of potato protein into several vegetarian products is rising. Moreover, the expanding vegan population, particularly in countries like Canada and the United Kingdom, among others, is fueling the demand for food products consisting of plant-based protein. This new trend is projected to witness an overwhelming response due to the rising demand for potato protein in the thriving vegan industry.

The market is projected to augment owing to the initiation of several research activities. These activities are aimed at promoting the operational efficiency and cost-effectiveness of the potato protein extraction process. The potential utilization of potato protein to safeguard against cancerous cells is predicted to enhance the demand for potato protein. The deployment of novel technologies to curtail potato waste while producing potato protein is anticipated to provide impetus to the market over the upcoming years.

Key Takeaways from the Potato Protein Market:                                               

• The United States is estimated to dominate the potato protein market over the forecast period. By 2033, the market is projected to attain US$ 106.3 million. The growth rate assumed by the United States market is likely to record 4% CAGR.
• China is expected to hold a significant position in Asia Pacific potato protein market. The regional market is estimated to attain US$ 21.5 million by 2033, registering a CAGR of 7% from 2023 to 2033.
• Japan, another key market in the region, is assessed to reach market valuation of US$ 17.6 million by 2033. The Japan potato protein industry is projected to expand at a CAGR of 6.1% over the forecast period.

News Featuring Market Developments by Key Players of Potato Protein Solutions:

• In April 2022, Branston Ltd. unveiled that it is partnering with Root Extracts to create a potato protein product to be used in vegan and vegetarian foods. The development of the product is likely to take place in Branston’s extraction unit in Lincolnshire, which was under construction at the time of announcement.
• In February 2022, KMC declared that they have created a texturized potato protein to be utilized as an ingredient in meat alternatives. According to the company, the product is a first of its kind across the globe. The product is also a part of innovation program, which was initiated with the aim to create plant-based ingredient alternatives. The company is planning to manufacture the product on a large scale, with production run for the capacity of 300 tons for the year 2022.
• In April 2021, Branston Ltd. began the construction of new potato protein extraction plant at Branston’s site in Lincolnshire, the United Kingdom. The complete set up of the new plant is projected to amount US$ 7.94 million. The facility would help convert low-quality potatoes into clean-label functional protein and develop starch-based products. For this set up, the company has partnered with B-Hive Innovations, which has developed the process.

Market Segments Covered in Potato Protein Market Analysis

By Product Type:

• 10-40% Protein
• 40-50% Protein
• 60-65% Protein
• 70-80% Protein

By Nature:

• Organic
• Conventional

By Form:

• Isolates
• Concentrate
• Textured Protein
• Hydrolyzed Protein

By End-use Application:

• Bakery & Confectionery
  • Breads
  • Cookies & Crackers
  • Pastries
  • Other Bakery & Confectionery
• Protein and Nutritional Bars
• Breakfast Cereals
• Functional Beverages
• Dairy Alternatives
• Dietary Supplements
• Sports Nutrition
• Infant Nutrition
• Meat Additives

By Region:

• North America
• Latin America
• Europe
• Asia Pacific excluding Japan
• Japan
• Oceania
• The Middle East & 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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

From 2023 to 2033, the insect protein market is projected to accelerate at a CAGR of 17.7% from its 2023 value of USD 602.3 million. By 2033, there is going to be USD 3.1 billion global market.

Over the projected period, the demand for insect protein is anticipated to increase due to rising consumer awareness of the consumption of nutrient-dense food products and rising customer preference for a healthy lifestyle.

Thriving Applications and High Protein Content in Insects Insect Protein Need is Increasing

The demand for wholesome food products has grown as a result of rising health consciousness among customers throughout the world. As a result, manufacturers in a variety of industries now have the opportunity to sell such food items.

Consumers today place a premium on natural products and pay attention to the components in their food as well as how it is produced and where it comes from. Some of the main factors anticipated to boost insect protein market expansion throughout the projected period include rising expenditure on functional food products, an increase in the number of sports and gym enthusiasts, and consumers searching for healthy and sustainable food options.

High Costs Limit Market Expansion

Due to its functional, environmental, and nutritional advantages, insect protein is one of the distinctive and innovative animal feed proteins. High costs, regulations, and constrained production capacity continue to be the key barriers to progress of the insect protein market.

The equipment and processes needed to create insect-based proteins need to be optimised for large-scale manufacturing because they are currently expensive. Although many consumers are priced out of this market, few consumers are willing to pay higher rates for the health and environmental advantages of protein derived from insects.

Regional Outlook

Developing Product Demand for Human Consumption May Cause Europe to Exhibit a Strong Growth.

The lion’s share of the revenue came from the European continent. For uses in the food and beverage sector, animal nutrition, and personal care, insect protein is more widely accepted by consumers in the European insect protein market.

Demand is anticipated to increase in the European market as a result of the recent approval of insect protein for feed, especially that for pigs and poultry. The market is anticipated to grow significantly over the forecast period due to the high demand for insect protein from industrialised nations like France, Germany, and the United Kingdom.

The revenue was largely from North America. The market is projected to be a significant market because consumers are becoming more conscious of the use of insect-based products and have a greater need for food products that are nutrient-dense.

Due to Mexico and Canada’s substantial growth potential for new companies and product launches, the insect protein market is likely to grow throughout the projected period.

Key Takeaways

• With a CAGR of 20.6% and an expected market size of US$ 1.1 billion in 2033, the insect protein market in the United States is expected to grow rapidly over the projected period.
• With a strong CAGR of 11.9% and an expected market size of US$ 129 million in 2033, the Chinese market is expected to grow throughout the course of the estimated period.
• In 2033, it is expected that the Japan market would generate US$ 61.7 million and grow at a 9.5% CAGR.
• With a CAGR of 23.6% throughout the projection period, it is anticipated that the United Kingdom market would grow quickly, reaching US$ 300.8 million in 2033.
• The insect protein market in South Korea is predicted to expand at a CAGR of 9.8% over the predicted time period and could reach US$ 35.5 million in 2033.
• Powder is anticipated to expand at a CAGR of 15.4% over the anticipated time frame in the form category.
• The insect type category’s Caterpillars sector could have a CAGR of 21.8% from 2023 to 2033.

Competitive Landscape

With numerous large- and small-scale manufacturers present, the market is competitive and concentrated. The leading market participants include Aspire Food Group Protifarm, EntomoFarms, Chapul Cricket Protein, Jimini’s, Swarm Nutrition GmbH, EnviroFlight LLC, AgriProtein Holdings Ltd. nsect, Hexafly, Innovafeed, and Protix. To meet the demand on a global scale, these major firms are concentrating on increasing their manufacturing capacity.

Recent Development

·         Partnership – To Expand Its Insect Protein Industry

Archer Daniels Midland Company and Innova Feed announced a partnership in November 2020. The partnership was formed in order to grow its insect protein business by developing a new facility in Illinois, the U.S., with a target capacity of 60,000 tonnes of insect protein annually.

Key Segments  

Insect Type:

• Beetles
• Caterpillars
• Bees, Wasps, and Ants
• Grasshoppers, Locusts, and Crickets
• Others

Form:

• Whole Insect
• Powder

Application:

• Food & Beverages
  • Animal Nutrition
  • Aquafeed
  • Pet Food
  • Poultry Feed
• Pharmaceuticals & Cosmetics

Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global citrus pectin market is anticipated to reach a valuation of USD 635.5 million in 2023, driven by clean-label and plant-based trends. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 4.8% between 2023 and 2033. It is estimated to gain a valuation of approximately USD 1,080.3 million by 2033.

Pectin is mainly used in sweets such as jellies, jams, and marmalade. Industry players have developed pectin suitable for various purposes as technology has evolved. For example, GENU Pectin by CP Kelco is gaining prominence in the personal care and cosmetics industries as an organic skin feel stabilizer, assist, and pH-balancing component.

Citrus pectin, when utilized as an ingredient in such products, maybe a healthy choice that promotes growth. A growing number of diet-conscious clients are looking for ways to cut fat and calories. Citrus pectin-induced meals are an excellent choice for this demographic. The increasing need for citrus pectin within the baking and confectionery sectors is expected to drive market growth during the forecast period. Pectin is used as a fat or sugar alternative in low-calorie recipes and bakery preserves.

Citrus pectin is in high demand in the confectionery industry because it provides jellies and jams with a gel-like consistency while imparting a pleasant taste to the meals. Citrus pectin can improve confectionary foods’ texture, color, and shelf life.

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.

“The market will see growth during the projected period owing to the rising consumer preferences towards clean-label, plant-based, organic and vegan food products,” says Nandini Roy Choudhury, Client Partner at Future Market Insights. .

Competitive Landscape

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.

Product Portfolio

• Under the GENU® brand, CP Kelco sells a number of pectin products, particularly citrus pectin. These pectins are found in a variety of food and beverage applications, such as dairy products, fruit spreads, and bread goods.
• CitriTex® citrus pectin products from Cargill are developed for gelling as well as thickening uses in the food and beverage industries. It is well-known for its gelling qualities and is utilized in jellies, jams, and fruit preparations.
• Citrus pectin products from DuPont’s GRINDSTED® pectin line are appropriate for a variety of culinary applications. These pectins are used to gel and stabilize goods like fruit spreads, dairy treats, and confectionery products.

More Valuable Insights Available

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

To understand opportunities in the citrus pectin market, the market is segmented on the basis of product type (high methoxyl pectin, low methoxyl pectin), source (oranges, tangerines/ mandarins, grapefruit, lemon and lime), application (jams & jellies, beverages, bakery fillings & toppings, dairy products & frozen desserts, confectionery, meat & poultry, dietary supplements, functional food, pharmaceutical, personal care & cosmetics, others), and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The meat alternative market is expected to rise from USD 18.8 billion in 2024 to USD 299 billion by 2034. This period is marked by staggering growth of 28.8% CAGR, driven by robust FDIs by foreign companies in emerging countries with expansive availability of sources and raw materials to develop alternatives to meat.

The meat alternatives market has seen significant growth in recent years as consumers increasingly seek plant-based options for health, environmental, and ethical reasons. Rising awareness of the environmental impact of meat production, including its contribution to greenhouse gas emissions and deforestation, has driven demand for sustainable food alternatives. Innovations in plant-based proteins, such as those derived from soy, peas, and fungi, have made these products more appealing, providing textures and flavors that closely mimic traditional meat products.

As the market continues to expand, major food companies and startups alike are investing in developing new plant-based products and improving existing ones. Consumer preferences are evolving, with younger generations particularly inclined toward flexitarian diets that reduce meat consumption without completely eliminating it. The market is expected to keep growing as advancements in technology make meat alternatives more affordable and accessible, with further research likely to enhance product quality and expand variety.

Sales of meat mimicry products are ascending at a rapid speed, as consumers are becoming aware of the health risks posed by eating certain meats in excessive quantities. Along with this, people are becoming aware about the different healthy and sustainable foods that are available in the marketplace and can effectively replace meat in consistency, taste, and flavor. Thus, making this transition quite smooth.

The growing number of vegans and flexitarians is another vital factor that is predicted to fuel the market growth. Additionally, government bodies across numerous countries are endorsing the consumption of meat alternatives, owing to the health benefits offered by these products.

Market players are making their contribution by introducing new varieties of meat alternatives to meet the growing demand for healthy and tasty products that replace the role of meat in a dish and provide a similar high protein nutritional value.

Key Takeaways from the Meat Alternative Market Study

• Increasing vegan population tracked in various countries, such as the United States and the United Kingdom, is driving the market for meat alternatives.
• The market in the United States is expected to grow at a CAGR of 10.3% over the forecast period.
• The market in the United Kingdom is anticipated to expand at a CAGR of 8.1% through 2034.
• Augmented demand for plant-based protein foods, predominantly in the United States, France, Germany, and the United Kingdom.
• Based on the Source, the tofu is expected to account for a market share of 14.2% in 2024.

“Key players are competing on price and eCommerce accessibility to increase their product sales. Additionally, to capture the hesitant consumers, players are experimenting to develop unique flavors influenced by local cuisines,” says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Several top market players are concentrating on providing meat alternatives at a competitive price by lowering their production costs. Prominent players of meat alternatives are investing in research and development activities to produce organic, non-GMO products from meat alternative. Various hotel chains and restaurants are also partnering directly with manufacturers or growers of meat alternatives for sourcing of high-quality products to be used in their dishes.

Meat alternative manufacturers such as Impossible Foods, Benson Hill, Meati, Beyond Meat, Good Catch, Motif FoodWorks, Good Dot, Nature’s Fynd, Evo Foods, Mister Veg, Greenest, Vezley, Wakao, and Imagine Meats, among others, are employing multiple marketing strategies such as geographical expansion, new product launches, partnerships and collaboration, and merger and acquisitions to identify the interest of potential buyers and create a larger customer base.

Key Companies in the Meat Alternative Market

• Beyond Meat
• Amy’s Kitchen
• MorningStar Farms
• Tofurky
• Field Roast
• VBites
• Maple Leaf Foods
• Kellogg
• Pinnacle Foods

Key Market Segmentation

By Type:

• Patties
• Hotdogs
• Sausages
• Meatballs
• Others

By Nature:

• Organic
• Conventional

By Source Type:

• Seitan or Wheat gluten
• Tofu
• Quorn
• Risofu
• Tempeh
• Algae/ Mycoprotein
• Insects
• Textured Vegetable Protein
• Fermented proteins
• Fish Protein
• Cultured or ‘clean’ meat
• Others (Yaso, Nato and Miso)

By Application:

• Frozen Food
• Bakeries
• Pet Food
• Supplements
• Others

By Distribution Channel:

• Supermarkets
• Departmental Store
• Modern Trade
• Food Chain Services
• Online Stores
• Others

By Region:

• North America
• Latin America
• Europe
• Middle East and Africa
• East Asia
• South Asia
• Oceania

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube