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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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 global nucleotide market size has an estimated market valuation of USD 672.5 Million by 2024 and is projected to grow at a CAGR of 6.1 % to reach a market valuation of USD 1,205.4 Million by 2034.

Functional ingredients are increasingly being used in the food industry, and nucleotides are among them. Their position in enhancing the nutritional value of food stems from their capability to assist in vital biological processes such as cellular repair and immunity. Due to the growth of health-conscious consumers, demand for fortified foods containing beneficial compounds such as nucleotides has rocketed. Although extraction of nucleotides from natural sources has been a challenge, recent technological developments have made it more viable. Techniques such as enzymatic hydrolysis and fermentation are currently being employed for getting nucleotides from species like yeast, fish, or even plants. These improved ways not only increase yields but also ensure that pure forms of these substances reach end-users.

The food sector is responding to consumer demands for transparency and natural products by adopting clean-label ingredients. It’s no surprise then that naturally occurring nucleotides derived from non-genetically modified organisms (GMO) inputs are considered ‘natural’ when consumer preferences lean towards synthetic additives-free products. This is supported by the broader trend which leans towards sustainability and health consciousness as opposed to one based on marketing strategy.

Key Takeaways from the Global Nucleotide Market Study:

• An increasing number of consumers want immune support including supplementation with nucleotide.
• Nucleotides are added to animal feedstuffs to improve both the growth rate and immunity of livestock and aquaculture species respectively.
• Infant formulae today can be enriched with these molecules to look identical in terms of composition to human breast milk.
• The governments also acknowledge this discovery, thus creating favorable regulations for supporting the nascent industry.

“The nucleotide market will be won by those companies who put efforts into ground-breaking innovation and eco-management while simultaneously bolstering user convenience at higher levels backed up by product differentiation strategies,” says Nandini Roy Choudhury, Client Partner at Future Market Insights 

Who is winning?

More noticeable is a recent surge in R&D activities leading to new nucleotide formulations as close to naturally occurring substances within cells as possible. Strategic mergers and acquisitions are being done to increase the range of products and expand market outreach. Being aware of the ever-increasing need for nutraceuticals and health-promoting ingredients, industry leaders aim at entering emerging markets.

• SynCrest Inc., a peptide and nucleotide CRDMO joint venture between Yokogawa Electric Corp. and Otsuka Chemical Co., Ltd., has launched operations serving pharmaceutical companies and research institutions in Japan, North America, South America, Europe.

Nanjing Bio Together Co., Ltd., Affymetrix Inc., DSM Nutritional Products Ltd., F. Hoffmann-La Roche Ltd., ThermoFisher Scientific Inc., CJ CheilJedang Corporation, Agilent Technologies Inc., PR omega Corporation, Biorigin, Ohly GmbH, Star Lake Bioscience Co., NuEra Nutrition, and Lallemand Inc. are some of the top players driving the industry growth.

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Get valuable insights into the Global Nucleotide Market:

Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Global Nucleotide Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorizes the valuable insights on the Global Nucleotide Market based on Application, Technology, and Region. As per applications, the industry is segmented into Pharmaceuticals, Diagnostics Research, Food & Beverage Additives, Animal Feed Additives, and Others. Based on Technology, the market can be categorized into TaqMan allelic discrimination, Gene chips & microarrays, SNP by pyrosequencing, and 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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 Processed Beef market refers to the global industry involved in the production, distribution, and consumption of various processed beef products. Processed beef refers to meat that has undergone specific treatments, such as curing, smoking, canning, or other methods, to improve its shelf life, taste, and convenience for consumers. These products can range from canned beef and beef jerky to sausages, deli meats, and frozen beef burgers.

Over the past few decades, shifting consumption habits and evolving lifestyles have significantly boosted the global demand for processed foods. Globalization and the rising popularity of diverse cuisines have further contributed to an increase in beef consumption worldwide.

Alongside the growing demand for packaged foods, the manufacturing sector is poised for rapid expansion. Over the next decade, the rising demand for halal and kosher beef products is expected to create a promising environment for both established and emerging processed meat companies.

By 2033, the processed beef market is expected to account for about USD 314.5 billion, up from a market share of USD 133.4 billion in 2023. This is anticipated to increase market share and post a 9% CAGR between 2023 and 2033.

In the global food and beverage industry, innovation and new product creation are based on strong natural, health, and sustainability credentials. Products manufactured with healthier components and labeled with assurances of little processing or demonstrable health advantages from natural ingredients appeal to consumers, particularly in developed economies with higher income and an aging population. In reaction to this trend, of start-ups and established companies alike within the processed beef market are focusing on innovations.

Furthermore, the health halo surrounding plant-based components and goods, as well as consumer demand for natural and plant-based products might have a negative influence on processed beef sales. While people are becoming more informed and savvy about their food choices, they are increasingly opting for chemical-free meals such as organic processed beef. As a result, customer preference for natural and organic processed beef is on the rise.

Key Takeaways from the Processed Beef Market Study:

• North America processed beef market leads the global market, accounting for 31.9% of overall processed beef sales in 2021.
• Chilled processed beef will remain in high demand. It accounted for a share of 79.2% in the global market in 2021.
• Based on nature, demand for organic processed beef will grow at a CAGR of 9.2% during the forecast period (2021-2031).
• In terms of buyer type, household and residential segment accounted for 57.5% of the market share in 2021.
• Among sales channel, sales via supermarket/hypermarket is anticipated to grow at a CAGR of 6.3% during the forecast period.

“The top competitors in the processed beef market are introducing novel technologies to facilitate the production of processed beef with enhanced shelf life, texture, and flavor. Besides this, some are expanding their footprint in emerging nations to gain competitive edge,” said a lead FMI analyst.

Convenience Offered by Processed Beef is the Key Factor Driving Sales

The increasing income of consumers has fueled demand for processed beef products. Furthermore, consumers choose convenient foods that do not require additional time for cooking or preparation due to the hectic nature of city living. The increasing popularity of ready-to-eat meat is also a major driver of the global processed beef market.

Who is winning?

Some of the leading companies offering processed beef are JBS SA, Hormel food, Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp and others.

In order to gain competitive edge, manufacturers are focusing on making processed beef healthier. Besides this, they are focusing on acquiring international certification to woo consumers from around the world.

Download the full report for in-depth insights. https://www.futuremarketinsights.com/reports/processed-beef-market

Get Valuable Insights into the Processed beef Market 

By Form

• Chilled
• Frozen
• Shelf Stable

By Nature

• Organic
• Conventional

By Buyer Type

• Food Processor & Manufacturers
• HoReCa Sector
• Household and Residential Buyers

Sales Channel

• Traditional Grocery Stores
• Supermarket/Hypermarket
• Internet Retailing
• Convenience Store
• Discounters
• Other Sales Channel

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Oceania
• Middle East & Africa
• Japan

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 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 fermented ingredients market has experienced significant growth in recent years, driven by increasing consumer demand for natural and healthy food products. Fermentation is a traditional food preservation and processing technique that involves the transformation of raw materials through the action of microorganisms like bacteria, yeast, or fungi.

Sales of fermented ingredients are projected to account for a substantial share of the global food additives market. These ingredients, which are acidic in nature, are commonly utilized in food preservation and the production of fermented foods. Their ability to extend the shelf life of products is a key factor driving their widespread adoption in the food processing industry.

As awareness of the importance of food preservation grows, the global demand for fermented ingredients continues to rise. This market growth is further fueled by increasing consumer recognition of the health benefits associated with consuming fermented foods.

The fermented ingredients market is predicted to grow at a CAGR of 6.7% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from USD 48.9 Billion in 2023 to USD 93.9 Billion by 2033 end.

Fermented ingredients play an important role in food preservation. Along with this, they also have the ability to relieve digestive issues. Manufacturers take into account the aforementioned factors and prefer utilizing fermented ingredients to enhance shelf life of end products. The rising demand for products with long shelf life is instigating the sales of fermented ingredients.

Another prime market propellant for fermented ingredients is the escalating consumption of alcoholic beverages the world over. Among the diverse range of alcoholic drinks, beer is the most well-liked alcoholic drink. It is prepared by fermentation of several kinds of products, such as wheat and rice. The market, as a result of rising beer consumption, would witness strong growth over the forthcoming years.

The demand for fermented ingredients is also positively affected by the eco-friendly manufacturing systems, heightened environment consciousness, and multiple health benefits associated with the consumption of these product. Furthermore, the utilization of biodegradable plastics, which is observing an upward trend, is produced by fermentation of sugar, thus driving sales of fermented ingredients. Moreover, the vast application spectrum of biodegradable plastics in industries like food packaging is also adding onto the market growth.

Key Takeaways from the Fermented Ingredients Industry: 

• The United States is predicted to retain its inordinate share of the fermented ingredients market in the coming years. By 2033, the American market is estimated to reach US$ 31.7 Bn, expanding at a CAGR of 6.2% over the forecast period. The extensive manufacturing infrastructure in the country supports market growth.
• Over the span of next 10 years, China is anticipated to emerge as the fastest-growing market for fermented ingredients. Demonstrating a CAGR of 10.9%, the market valuation of Chinese fermented ingredients market would be US$ 9.7 Bn, second to the US market.
• Next in line is Japan market, which is assessed by FMI experts to arrive at US$ 4.5 Bn by 2033, displaying a CAGR of 8.8% in the meantime. The country witnesses high demand for fermented products and offers favorable environment factors conducive to the growth of bacteria that supports fermentation. Close integration of fermented foods with Japanese’ lifestyle is a key factor propelling the demand for fermented ingredients.
• Dry form of fermented ingredients are the most preferred items by masses world over. This could be attributed to its prolonged shelf life as compared to its liquid counterpart. The growth rate of dry fermented ingredients is expected to expand at a CAGR of 6.1%.

New Developments Providing Stimulus to the Fermented Ingredients Market:

• In September 2022, Angel Yeast, an international manufacturer of yeast, launched premium dry yeast low-sugar and high-sugar varieties, which are user-friendly, fast, and high-quality ingredients that cater to the dynamic consumer expectations and baking challenges.
• In April 2022, Biochem Limited and Kothari Fermentation launched mono oligo saccharides and yeast extract powder. This product is primarily employed in the pharmaceutical sector. Apart from that, the product also finds application in low calorie food, food and food stuff, beverages, dietary foods, soups, nutritional filler, seasonings, etc.
• In June 2022, BASF’s Care Creations launched two new skin care ingredients that support graceful and healthful skin aging. These biotic ingredients are based on bacterium that is naturally found in youthful skin. These products are developed using bio fermentation process.

Download the full report for in-depth insights. https://www.futuremarketinsights.com/reports/fermented-ingredients-market

Market Segments Covered in Fermented Ingredients Market Analysis

By Form:

• Liquid
• Dry

By Product Type:

• Amino Acids
• Organic Acids
• Biogas
• Polymer
• Vitamins
• Antibiotics
• Industrial Enzymes

By Application:

• Food & Beverages
• Pharmaceuticals
• Paper
• Feed
• Personal Care
• Biofuel
• Others

By Process:

• Batch Fermentation
• Continuous Fermentation
• Aerobic Fermentation
• Anaerobic Fermentation

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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

During the forecast period, the infant formula ingredients market is expected to expand at a CAGR of 6.3%. Beginning the forecast period in 2023 with a market value of USD 42,645 million, it is likely to reach a valuation of USD 78,818.9 million by 2033.

Expert analysts at FMI predict an unprecedented growth in the market for infant formula ingredients, driven by their essential role in supporting babies’ overall development. While physicians generally recommend exclusive breastfeeding for infants under six months, infant formula serves as a viable alternative.

The global demand for infant formula is rapidly increasing, thanks to its comparable nutritional content and its widespread use among working mothers. FMI’s analysts highlight a significant shift in consumer behavior in recent years, fueled by the expansion of the global food industry. Today, consumers are more informed about the ingredients in food and beverage products before making purchasing decisions. This trend is particularly evident in the infant formula market, where products typically contain ingredients designed for babies under one year of age.

Future Market Insights expects there to be an astounding surge in the market size of the baby formula ingredients market due to its nutrient content. It is also the highest-preferred alternative to breastfeeding. Globally, the market is also gaining rapid success as working women with infants can make the switch to infant formula to keep up with their busy lifestyles.

The market’s growth can be credited to the rising sales of infant formula ingredients, sourcing a replacement for women’s breast milk with nutrients available in the soymilk, cow’s milk, and protein hydrolysates form.

Key Takeaways:

• The United States holds a significant market share of 18.9% in the infant formula market, highlighting its strong presence and leading position as a major consumer and producer of infant formula products.
• Germany maintains a notable market share of 8.6% in the infant formula market, emphasizing its significant contribution and role in providing high-quality and nutritious infant formula options to meet the needs of infants and their families.
• Japan accounts for 6.9% of the market share in the infant formula industry, showcasing its importance as a key player in the market and its commitment to offering reliable and quality infant formula products.
• Australia contributes to the infant formula market with a market share of 3.5%, underscoring the country’s role in providing safe and nutritious infant formula options for the well-being of infants and their development.
• China experiences a compound annual growth rate (CAGR) of 6.3% in the infant formula market, indicating a steady growth trajectory and increasing demand for infant formula products driven by factors such as population growth, urbanization, and rising disposable incomes.
• India demonstrates a robust CAGR of 9.7% in the infant formula market, highlighting the country’s expanding consumer base, growing awareness about infant nutrition, and rising demand for high-quality and nutritious infant formula products.
• The United Kingdom showcases a CAGR of 7.6% in the infant formula market, reflecting its sustained growth and continuous efforts to provide safe and reliable infant formula options, meeting the changing needs and preferences of parents and caregivers.

Competitive Landscape:

The leading suppliers of infant formula ingredients are found to be engaging in aggressive business practices such as several mergers and acquisitions, capital expansion and strategic alliances. Leading businesses are also bringing their focus to boosting the productivity of their companies through technological innovation and increasing the share of their sector. Manufacturers who are active in the infant formula ingredients market are also constantly working on research and development to create products that meet consumer demands.

Download the full report for in-depth insights. https://www.futuremarketinsights.com/reports/infant-formula-ingredients-market

The following are the actions taken by some leading companies in the market:

In February 2018, Arla Foods announced its plans to invest £70 million in the United Kingdom, as a part of its strategy to secure long-term opportunities for its farmers all over Europe.
In April 2022, Kerry Group acquired Natreon, Inc, a United States-based supplier of branded Ayurvedicbotanical ingredients.

Some other leading players in the market are:

Co-operative Group Limited
AAK AB
Royal Friesland Campina N.V.

Key Segments in the Infant Formula Ingredients Market

By Ingredient Type:

Fats & Oils
Minerals
Proteins
Vitamins
Carbohydrates
Prebiotics
Others (Probiotics, Nucleotides, and Emulsifiers)

By Source:

Soy
Protein hydrolysates
Cow Milk
Others (Goat milk and camel milk)

By Application:

0 to 6-month-old infants
6 to 12-month-old infants
Infants over 12 months
Specialty Formula

By Form:

Powder
Liquid & semi-liquid

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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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A chain of galactose molecules combined with glucose molecules makes up the galacto oligosaccharide market, which is largely contained in the lactose in cow’s milk as well as some root vegetable species and bean types. Galacto oligosaccharides travel to the colon in an undigested form, promoting the development of good bacteria and bowel movement.

Major companies are focusing on research and development to bolster product portfolios, while being in sync with the current trends of the industry. This in turn is expected to support the expansion of the GOS market through the forecast period of 2019-2029.

“Companies need to focus on newer emerging applications in adult nutrition and animal feed. Since the production of GOS is concentrated only in a few countries, companies need a stronger distribution network and sales channels for timely delivery of products to end-user industries,” says the FMI analyst.

Key Takeaways of the Galacto Oligosaccharides Market Study

• Galacto oligosaccharide is used primarily as a prebiotic ingredient accounting for more than 96 % of the overall market share. While still in a nascent stage, the function of GOS as a sweetener is projected to grow at an impressive CAGR nearing 11 % through the forecast period.
• In terms of end user industries, most galacto oligosaccharides products are used in the food and beverage sector, for human consumption, most of which goes into formulations of dietary supplements, followed by dairy products. The use of GOS in animal feeds is fairly new. However this end use application will grow by a strong CAGR of 8.7 %.
• Europe is the largest market for galacto oligosaccharides accounting surpassing 40 % of the overall market. On the other hand, the APEJ region currently accounts for more than 25 % of the global market is rising at a CAGR surpassing 9.5 %, owing to higher awareness about prebiotics and the development of plant based GOS.
• Pharmaceutical and personal care applications are also expected to go up with a strong CAGR approximating 8.4 %, with the growth of the nutraceuticals sector, and consumer inclination towards probiotics and prebiotics.

Galacto oligosaccharide GOS products are primarily available in powders and liquid formulations. Of these liquid GOS products are projected to dominate the industry with over 62 % of the global market share through the end of 2029. This can be attributed to a wider spread of applications including products such as fermented milk, yogurt, and more. On the other hand, powdered galacto oligosaccharides are anticipated to grow at a faster rate owing to increased adoption in nutraceutical and infant food formulations.

Get Valuable Insights into Galacto Oligosaccharides Market

Future Market Insights, in its latest report, presents an unbiased analysis of the global galacto oligosaccharides market, covering historical data and forecast figures for the period between 2019 and 2029. The study provides insights into the growth witnessed in the market. In terms of product type, the market is bifurcated into liquid and powder. On the basis of primary function, the market is split between prebiotic and sweetener. Based on end user, the market can be segmented into food and beverages, pharmaceuticals and personal care, and animal feeds. Regionally, the global market can be segmented into North America, Latin America, Europe, APEJ, Japan, and the Middle East and Africa.

Download the full report for in-depth insights. https://www.futuremarketinsights.com/reports/galacto-oligosaccharide-gos-market

Market Segmentation

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

Product Type

• Liquid
• Powder

Primary Function Type

• Prebotic
• Sweetener

End-User

• Food & Beverage
  • Dietary Supplements
  • Bakery Products
  • Dairy Products
  • Others
• Animal feeds
• Pharmaceutical and Personal care

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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

Based on the findings of the prior tempeh market survey, it is anticipated that the market’s value will approximate USD 4.2 billion in 2023. Furthermore, tempeh sales are poised for substantial growth with a projected compound annual growth rate (CAGR) of 5%, potentially reaching approximately USD 6.8 billion by 2033.

Customers feel that consuming tempeh and following a plant-based diet would improve their health and the environment, thus, demand for these products is quickly growing. Compared to tofu and other plant-based proteins, tempeh is a more expensive food. This could make it less appealing to some customers. The demand for plant-based foods like tempeh is rising as the world’s vegan population is expanding quickly. Vegans and vegetarians frequently choose tempeh because it is a rich source of protein and other nutrients.

Key Takeaways :

Germany Leads with Strong Growth: Germany establishes itself as a significant player in the international market, with a strong 5.9% value share in 2022.
India Advances: The Indian tempeh market has shown extraordinary growth, and in 2022 it will hold a sizeable 14.1% value share, indicating enormous potential and opportunity.

Stable Performance in the United Kingdom: With a respectable 5.4% value share in 2022, the U.K. retains a strong presence in the tempeh market, demonstrating stability and continuous development.

China’s Potential Position: Thanks to its substantial customer base, China is likely to hold a 4.4% value share of the worldwide tempeh market in 2022, indicating potential growth prospects.

Australia and Japan Display Resilience: The market for tempeh in Australia (2.6%) and Japan (3.6%) is expanding steadily, demonstrating the countries’ resilience.

Competitive Landscape:

Many small and major businesses are vying for tempeh market share in the fiercely competitive tempeh market. In the upcoming years, there will still be fierce rivalry in the tempeh industry. The rising demand for tempeh and the rising number of businesses joining the market are to blame for this. Businesses with distinct product offerings and excellent customer support are more likely to succeed in the marketplace.

Tempeh Queen:

Tempeh Queen: Based in Portland, Oregon, Tempeh Queen is a small, independent tempeh manufacturer. In 2009, two friends who were passionate about producing tasty and environmentally friendly tempeh launched the business. To make its tempeh, Tempeh Queen employs organic soybeans and a conventional fermenting method. Additionally, the business sells a range of tempeh items, such as burgers, crumbles, and skewers.

Noble Bean:

Since 1994, Noble Bean, a Canadian business, has been making tempeh. The business offers its goods in both the US and Canada. Noble Bean is renowned for producing premium tempeh using organic soybeans and a time-honored fermentation method. Additionally, the business sells a range of tempeh items, such as burgers, crumbles, and strips.

Small World Foods:

A company called Small World Meals makes a range of vegan meals, including tempeh. Two friends who were passionate about creating wholesome and sustainable food launched the business in 1989. To make its tempeh, Small World Foods uses organic soybeans and a conventional fermentation procedure. Additionally, the business sells a range of tempeh items, like as burgers, crumbles, and dogs.

Gardein:

Tempeh is one of the many plant-based foods produced by the firm Gardein. Two friends who were passionate about creating wholesome and sustainable food launched the business in 1995. To make its tempeh, Gardein employs organic soybeans and a conventional fermentation procedure. The business also sells a range of tempeh items, such as meatballs, nuggets, and breakfast burgers.

Download the full report for in-depth insights. https://www.futuremarketinsights.com/reports/tempeh-market

Tempeh Market by Category:

By Source:

Soybean
Multi-grain
Others

By Nature:

Organic
Conventional
By Flavor:

Plain
Herbs & Spices
By Product Type:

Frozen
Fresh
Ready-to-eat

By Distribution Channel:

Direct
Indirect
Hypermarkets/Supermarkets
Convenience Stores
Food & Drink Specialty Stores
Traditional Groceries
Online Retailers

By Region:

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

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