Market Research Blog – Page 581 – New Product Development

Sweetener Market Poised for Growth, Projected to Reach USD 16.9 Billion by 2034

Sweetener Market

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

The industry’s growth is primarily driven by the rising demand for natural sweeteners across sectors such as confectionery and beverages. Shifts in consumer lifestyles and dietary habits are fueling expansion in the fast-food and bakery industries, leading to increased usage of sweeteners. Additionally, as health consciousness rises, the preference for natural products is growing, boosting demand for organic honey and other natural sweeteners.

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

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

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

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

Sweetener Market Trends

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

North America Sweeteners Market

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

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

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

Sweetener Market: Segmentation

By Sweetener Type :

novel sweeteners
natural sweeteners
sugar alcohol
sucrose
artificial sweeteners

By Industry :

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

By Region :

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

About Future Market Insights (FMI)

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

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Global Organic Milk Powder Market Forecast to Expand at 5.4% CAGR Through 2032 Amid Rising Organic Demand

Organic Milk Powder

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

The growing demand for organic milk among health-conscious consumers, driven by its nutritional benefits and its use in a variety of products like yogurt, dairy-based foods, ice creams, and baked goods, is boosting market expansion. Globally, the preference for organically sourced food and beverages is increasing rapidly as more consumers and producers recognize the environmental drawbacks of conventional dairy production. Consequently, countries are promoting organic farming practices, including organic dairy, which is broadening the market potential for organic milk products, particularly organic milk powder.

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

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

Vast Nutritional Benefits to Fortify Demand

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

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

Rising Number of Certified Organic Dairy Farmers Unlock Exciting Opportunities

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

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

Key players :

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

Key Segments Covered

By Type:

Skimmed Milk
Whole Milk
Buttermilk & Whey

By Sales:

Direct Sales
Indirect Sales
Modern Trade
Convenience Stores
Online Retailers
Others

By End-Use:

Food
Dairy
Bakery
Confectionery
Beverages
Dietary Supplements
Cosmetics & Personal Care

By Region:

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

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Organic Beef Market Set to Grow at 6.8% CAGR, Expected to Reach USD 22.89 Billion by 2033, FMI Reports

Picture background

In the symphony of sustainable and health-conscious eating, the organic beef market is poised to expand at a CAGR of 6.8% from 2023 to 2033. This crescendo of growth finds its roots in a harmonious interplay of factors propelling the demand for organic beef. Foremost among them is the escalating desire among consumers for protein-rich and wholesome sustenance. As discerning individuals increasingly prioritize their well-being, the allure of organic beef’s grass-fed, antibiotic, and hormone-free production proves irresistible.

A global analysis of the organic beef market reveals that sales of convenience foods are rising, driven by changing consumer habits and a growing working population. To attract a broader customer base, organic beef producers are increasingly offering ready-to-eat products. Major players in the industry are diversifying their product lines with processed options like ground beef, burger patties, chuck cuts, and steak, boosting global organic beef sales.

In response to the increasing consumer demand, organic beef producers are expanding their presence on e-commerce platforms. The availability of these products online is making organic beef more accessible, further fueling market growth.

Key Takeaways from the Organic Beef Market:

North America is the biggest area with a 35% share of the global market. This demonstrates how important the economies of the United States and Canada are to the area.
Europe accounts for a sizeable 28% of the market, with Germany emerging as the top individual contributor with a 5% share. This market distribution demonstrates the strength of the European Union’s economy.
With a 20% market share worldwide, the United States alone has tremendous power. This demonstrates the strength and significance of the American economy on a worldwide scale.
China and India dominate Asia Pacific, which holds a significant combined share of 15%. China is a significant economic powerhouse, representing 10% of the world market.
Despite being a smaller nation than China and India, Japan holds a respectable 4% of the worldwide market. Further demonstrating their economic importance, Australia and the United Kingdom contribute 2% to the global market.

“Our research underscores the rising consumer demand for organic beef due to health and sustainability concerns. Organic beef is gaining traction for its perceived health benefits and eco-friendly production methods, indicating a promising future for this market driven by conscientious consumer choices.” Says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Competition in the organic beef culinary world is intense, with a range of tempos from moderate to high. This battle is expected to persist due to various factors favoring the sector’s expansion, including a surge in demand and the enthusiastic entry of new businesses, all contributing to an increasingly competitive environment.

Organic Prairie

The leading supplier of organic meat, chicken, and pork is Organic Prairie. The business is headquartered in Minnesota and was established in 1985. The brand Organic Prairie is well-known and sells various organic beef products.

Niman Ranch

Organic meat sold under the Niman Ranch brand is well-known. The business is headquartered in California and was established in 1973. Steaks, ground beef, and burgers are just a few organic beef items from Niman Ranch.

US Wellness Meats

A well-known manufacturer of grass-fed beef. The business is headquartered in Colorado and was established in 2006. Steaks, ground beef, and hamburgers are just a few grass-fed beef products from US Wellness Meats.

Verde Farms

Verde Farms produces chicken, lamb, and beef that are all organic. The business is headquartered in California and was established in 2004. Steaks, ground beef, and hamburgers are just a few of the organic beef items available at Verde Farms.

Key Companies Profiled are

Australian Organic Meats Group Pty Ltd
River Ford Organic Farmers
Danish Crown
Blackwood Valley Beef
JBS Global
Eversfield Organic Ltd
Neat Meat Company
Swillington Organic Farm Arcadian Organic Meat Co.
Organic Prairie
Tyson Foods Inc.
Verde Farms
OBE Organic
Perdue Farms

Key Developments

Symphony of Demand and Supply: The organic beef market resonates with a harmonious blend of increasing demand and growing supply. Driven by rising awareness of organic food benefits, changing consumer preferences, and higher affluence levels, the demand for organic beef continues to soar. Simultaneously, organic farming operations’ expansion and technological advancements facilitate a steady increase in organic beef supply, striking a melodious chord of equilibrium.

Diverse Melodies of Innovation: The organic beef market boasts a rich tapestry of innovation, where new product development takes center stage. A symphony of delectable new cuts, tantalizing flavors, and convenient offerings elevates the culinary experience for consumers. Embracing change and adaptation, the market’s orchestration of novelty entices consumers with an ever-evolving ensemble of organic beef offerings.

Organic Beef Market by Category

By Product Type:

Processed Meat
Fresh Meat

By Sales Channel:

Direct Sales
Indirect Sales

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Chia Seed Market to Experience Robust Growth, Projected to Reach USD 390.3 Million by 2033 with 7% CAGR

Chia Seed Market

By the end of 2022, the net worth of total chia seeds sold globally was estimated to be US$ 195.3 million. In the current year, 2023, the sales of chia seeds, in terms of value, are expected to be worth around USD 203 million. FMI further projects the overall market to record a CAGR of 7% from 2023 to 2033. By experiencing this promising growth, the global chia seed market size is projected to reach a valuation of USD 390.3 million by 2033.

Chia seeds are a highly exported commodity in the food sector, largely because production is concentrated in only a few countries. Expanding applications for chia seeds in personal care and cosmetic products are expected to drive market growth, as consumers increasingly prefer organic and natural ingredients in skincare.

According to FMI, chia seed sales accounted for 0.15% of the superfood market, valued at USD 2.5 billion in 2022. Rising demand for chia seeds as a superfood is anticipated to further boost market growth in the coming years.

Growing consumer demand for gluten-free food items and improving recognition of chia seeds for their health advantages are the key reasons propelling sales. Moreover, the increased use of chia seeds as a source of omega-3 in animal feed is also regarded to have boosted the market.

Under their bland flavor, chia seeds may be added to packaged meals and functional foods. Chia seeds’ high fiber content makes it possible to use them in bakery goods, energy drinks, dietary supplements, sports drinks, and salty snacks. Furthermore, Chia seeds are often used in packaged ‘superfood’ items because of their high antioxidant and fiber content.

A certain degree of market development restraint may result from the limited availability of suitable environments for plant growth and higher seed output. Against this backdrop, the sales of chia seeds in the United States are anticipated to remain profitable over the assessment period.

Key Takeaways from the Chia Seed Market Study Report

The United States held a market share of 27.9% in the year 2022.
Germany is the leading market for chia seeds in Europe and contributed a 7.3% revenue share in 2022.
The demand for chia seeds in the United Kingdom registered a CAGR of 7% during the forecast years.
China and India are poised to witness a growth rate of 6.1% and 8.9% in the production of chia seeds through 2033.

Competitive Landscape for the Chia Seed Market Players

Organic Denmark, Sesajal, Bioglan, Nutiva, Navitas Naturals, Mamma Chia, Genera Nutrients, and Maya Chia are a few of the leading chia seed-supplying industries. Many of the global market players rely on imports because much of the output is located in Central and South American nations.

The chia seed plant thrives in the dry, marine-influenced Mediterranean climates, so its market has remained concentrated in some parts of the world. However, the adoption of modern farming methods has now given rise to the possibility of successful farming of chia seeds in other climatic regions. This is anticipated to support the emergence of new players and diversify the market in the coming days.

Recent Developments by the Chia Seed Supplying Industries

Mamma Chia declared in April 2022 that its products are keto-friendly. This development included its product line of Chia Energy Beverages and Chia Vitality Beverages, providing only 6 grams of net carbohydrates per serving.

Innovation and the creation of new product supplies are the main techniques used by businesses to maintain their market share. The Chia Co. launched four new types to its Oats+Chia product line last year, including Apple Spice, Blueberry Lemon, Mixed Berry, and Banana Mango. Later, it added three new flavors to its Chia Pods products, such as Strawberry, Dark Cacao, and Coffee Bean.

Segments Covered by the Survey Report

By Origin:

Organic
Conventional

By Color:

Black
White
Brown

By Form:

Whole Chia Seeds
Grounded Chia Seeds
Chia Seed Oil
Other Chia Seed Forms

By End-use Application:

Food and Beverages Sector
- Packed Chia
- Nutritional Bars
- Bakery and Snacks
- Breakfast Cereals
- Beverages
- Others
Personal Care Products and Cosmetics Sector
Animal Feed and Pet Food Sector
Nutritional and Dietary Supplements Sector
Other End-use Applications

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Commercial Seaweed Market: Expanding Horizons in Food, Agriculture, and Biotechnology

The demand for commercial seaweed is estimated to be nearly US$ 11.7 billion in 2023. The global market is poised to register a CAGR of 2.4% from 2023 to 2033. The overall valuation of the commercial seaweed market is projected to reach US$ 14.9 billion by 2033.

A modest amount of companies dominate the worldwide sales and distribution of commercial seaweed at present time. Commercial seaweed is broadly produced near the coastlines of nations like Indonesia, China, Japan, and the Philippines.

According to the FMI report, the primary region for the production and marketing of seaweed commercially is the Asia Pacific. Because of the traditional importance of seaweeds, these countries have established a commercial market for all types of seaweed.

With the rising popularity of organic goods in Europe and North America, the demand for commercial seaweed is expected to grow considerably.

Seaweed usage across the globe is getting further aided by the growing popular movement toward vegan meals and plant-based proteins. Further with the advancement of agricultural practices, the creation of new strains, and the expansion of its applications the seaweed business now offers great potential.

Key Takeaways

China is the leading country in the production of a wide variety of seaweed, followed by Japan and the Republic of Korea. The net worth of the Chinese commercial seaweed market crossed US$ 10 billion in 2022.
Commercial seaweed production and usage are expected to rise with the trend of vegetarianism in the United States.
In comparison to other geographic regions, the European seaweed market is anticipated to have consistent expansion through 2033.
Due to its broad geographic range having several maritime domains, the South American market is predicted to have significant growth through 2033.

Competitive Landscape for the Commercial Seaweed Market Players

Wild Irish Seaweeds, Acadian SeaPlus, Organic Irish Seaweed-Emerald Isle, KwangcheonKIm, Cascadia Seaweed, Ocean Rainforest, Springtide Seaweed, LLC, BLUE EVOLUTION, Earaybio, Kai Ho “Oceans Treasure”, Aushadh Limited., BY VIET DELTA, Shore Seaweed, ALGOLESKO, Raw Seaweeds, Cargill, Incorporated, AtSeaNova, Kelp Industries Pty, Ltd., Maine Coast Sea Vegetables, MARA SEAWEED, Marcel Carrageenan, Pacific Harvest, Seaweed Solutions AS, The Seaweed Company, Irish Seaweeds are some big players in the global Commercial seaweed market. Most commercial seaweed producers are engaged in many strategic efforts, including, collaborations, regional growth, and production capacity expansion.

Arcadian Seaplants Ltd. stated in March 2021 it was going to expand Deveau Center’s manufacturing capacity by 2X. The market positions of leading players are anticipated to be strengthened by regional expansion, ultimately increasing the source of raw materials.

Recent Developments by the Commercial Seaweed Industries

A global distributor of chemicals and ingredients named Univar Solutions established a partnership with Scotland-based Seaweed & Co. in July 2019. It aims to broaden its product offering with unique seaweed components that meet the needs of contemporary consumers in terms of sustainability.
Cargill Inc. introduced a new type of seaweed powder in February 2021 that was derived from red seaweed called Gracilaria, commonly produced in Europe. WavePure ADG 8250 is the name of the product, which is part of the WavePure ADG series. Due to its ability to provide a creamy and smooth texture, it is mostly employed in the production of dairy products.
In August 2019, CP Kelco Company increased the amount of gellan gum it could produce at its Oklahoma seaweed processing facility. The business hopes to address the growing demand for adaptable, multipurpose ingredients required for gellan gum in the State. The firm also aims to have a greater opportunity to provide and increase its market share in the food and beverage sector.

Key Segments Covered by Commercial Seaweed Industry Survey Report

Commercial Seaweed Industry by Product Type:

Red Seaweed
Green Seaweed
Brown Seaweed
Other Types

Commercial Seaweed Industry by Form:

Leaf
Powdered
Flakes
Liquid

Commercial Seaweed Industry by Application:

Agriculture Fertilizer
Animal Feed Additives
Human Consumption
Pharmaceuticals
Cosmetics and Personal Care
Biofuels
Bio Plastics
Textiles
Waste Water Treatment
Hydrocolloids
Other Applications

Commercial Seaweed Industry by Region:

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

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Canned Alcohol Beverages Market: Revolutionizing the Beverage Industry with Convenience

According to a Future Market Insights (FMI) report, the global demand for canned alcoholic beverages was around US$ 17,598.2 Million in 2023 and is projected to exhibit a CAGR growth of 11% over the forecast period. The market is estimated to be valued at US$ 20,411.6 Million in 2024 and projected to surpass US$ 92,401.1 Million by 2034.

Consumers are seeking ready to drink alcoholic beverages which is easy to transport and consume in the current period. Canned alcoholic beverages provide consumers with this facility. Increasing developments such as premium alcohol consumption in which customers are ready to pay more for high-quality canned alcoholic beverages. The rising increasing number of local beers and alcohol are typically viewed as more flavorful and sophisticated than regular hard drinks.

The increasing industrialization worldwide is projected to drive the future of the canned alcoholic beverages market. As more individuals consume alcohol, there is significant opportunities are created for the manufacturers.

A growing need for convenience and a rising number of health-conscious individuals are expected to drive the market for hard seltzers. Low-calorie drinks with natural components are likely to be the most popular among consumers as a result, producers are focusing on launching products with natural ingredients in order to gain popularity in the market in the forecast period.

“The rising R&D activities by can manufacturers such as improving the shapes of cans, the weight of the can, and other factors are also expected to drive the growth of the market. Consumer demand for innovative and handy alcoholic beverages drives the market. The trend toward healthier living has also played a part, as many consumers want lower-calorie options and products made with natural ingredients.” – says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.).

Key Takeaways from the Market Study:

The global canned alcoholic beverages market is estimated to register a CAGR of 11% with a valuation of US$ 92,401.1 Million by 2034.
The United States is anticipated to dominate the global market by registering a 12% CAGR during the forecast period.
With a 13.3% CAGR, China is significantly driving the global market by 2034.
Germany is anticipated to secure a CAGR of 14.7% in the global market during the forecast period.

Competitive Landscape:

In recent years, there has been a surge in investment and collaboration within the industry, with venture capital firms and businesses. These strategic partnerships and financial investments aim to accelerate research and development, scale production, and expand market reach.

Key players have initiated promotional activities to introduce the design and shapes of cans.

Recent Development:

In 2023, Jack Daniel’s & Coca‑Cola RTD introduced canned cocktails. It’s a premixed cocktail.
In 2020, Boston Beer Company launched a new line of hard seltzers called Truly Hard Seltzer Lemonade. These seltzers are made with real lemonade and are available in a variety of flavors.
In 2023, Diageo launched a new line of RTD cocktails called Smirnoff Infusions. These cocktails are made with premium spirits and are available in a variety of flavors.
In 2021, Pernod Ricard has launched a new line of canned cocktails called Malibu Ready to Serve. These cocktails are made with Malibu rum and are available in a variety of flavors.

Key Players Operating in the Global Canned Alcoholic Beverages Market:

Anheuser-Busch InBev
Molson Coors Beverage Company
Diageo
Heineken Holding N.V.
Carlsberg Group
Asahi Group Holdings
Suntory Beverage & Food Limited
Kirin Holdings Company, Limited
SABMiller
Red Bull GmbH

Canned Alcoholic Beverages Market Segmentation Analysis:

By Product Type:

Hard Seltzers
Wine
RTD Cocktails

By Distribution Channel:

Liquor Stores
On-trade
Online

By Region:

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

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Cocoa Derivatives Market: Opportunities in Confectionery and Beyond

Future Market Insights analysts predict the cocoa derivatives market may grow from US$ 29.31 billion in 2023 to more than US$ 49.59 billion by 2033. During the forecast period, the market is expected to register a CAGR of 5.4%.

There is a growing interest in pesticide-free food products, which influences the demand for organically grown cocoa on the global market. As consumers pursue healthier lifestyles, they are inclined to consume safer products.

There has been an increase in the consumption of natural foods that can ease the symptoms of heart disease, blood pressure, diabetes, and cancer due to an increase in cases of heart disease, blood pressure, diabetes, and cancer. Cocoa is packed with antioxidants and has been shown to lower HDL, dilate blood vessels, lower blood pressure, and increase insulin sensitivity. It is also recommended to consume dark chocolate since it contains minimal or no sugar.

Increasingly, confectionery manufacturers are turning to natural alternatives as consumers demand clean-label foods. In response to this demand, Barry Callebaut has developed Bensdorp Clean, a cocoa powder formulated with baking soda instead of alkalizing agents that can be marked as clean. This is driving the cocoa derivatives market.

“A rapidly growing market for organic or sustainable cocoa products, as well as the nutritional content of the product, is expected to drive cocoa derivative market growth. The rising demand for product derivatives is further propelling the industry forward.” – says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The cocoa derivatives market is expected to record a CAGR of 5.4% over the forecast period.
It is estimated that the cocoa derivatives market in Europe may remain strong during the forecast period.
Among the segments, cocoa beans accounted for the leading market share of 7.4% in 2023.
Confectionery segment, which holds 43% of the market share, is expected to generate lucrative revenues in the assessment period and the future.
The United States cocoa derivatives market is expected to thrive at a CAGR of 4.5% over the forecast period.

Competitive Landscape:

In light of the presence of several local and regional competitors, the cocoa industry is fragmented and highly competitive on a global basis. A variety of marketing strategies are used by cocoa derivatives manufacturers, including alliances, acquisitions, mergers, and collaborations. Certification and sustainability are becoming increasingly important for stakeholders in the cocoa derivatives industry.

Recent Developments:

In May 2022, Blommer Chocolate Company and DouxMatok expanded their partnership by launching new chocolate and confectionery coatings.
In March 2020, Nestlé committed to ending cocoa-related deforestation and fostering thriving cocoa-growing communities.
In 2022, Lil’Goodness, a Bangalore-based startup for kid’s food, launched a zero-added prebiotic cocoa powder.
In September 2020, Olam Group Ltd introduced Olam Cocoa. Professionals who bring its premium deZaan cocoa powders to restaurants, caterers, and pastry shops. Designed to meet the demand for cocoa ingredients among professional chefs and bakers, the strategy provides more cocoa ingredients to them.

Some key players supplying cocoa derivatives are

Olam Group Ltd
Indcre SA
Cargill Inc
Natra SA
JB Foods Ltd
Ecuakao Group Ltd
United Cocoa Processor Inc
Barry Callebaut AG
Moner Cocoa SA
BASF SE
Bühler Group
Mondelez International, Inc.
Nestle S.A.
Cocoa Processing Company Limited
Cemoi Group
The Hershey Company
Touton S.A.

Market Segmentation by Category

By Type:

Cocoa Butter
Cocoa Beans
Cocoa Powder
Others

By Category:

Organic
Conventional

By Application:

Food and Beverages
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Beverages
- Others
Personal Care
Others

By Region:

North America
Latin America
Europe
The Middle East and Africa
East Asia

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Plant-Based Bars Market: Growing Demand for Healthy and Sustainable Snacks

The plant-based bars market is anticipated to expand its roots at a steady CAGR of 8.47% between 2023 and 2033. The market is anticipated to cross a market share of US$ 18.15 billion by 2033 while it is likely to be valued at US$ 8.05 billion in 2023.

Many people turning vegan, and high nutritional benefits and affordable pricing are some of the key driving factors for the plant-based bars market. Furthermore, the changing lifestyle and high consumption of ready-to-eat snacks are flourishing the market growth.

A section of society that is health-aware, and specific about their snack and meal habits also choose plant-based bars as an integral part of their diet. This is due to the high nutritional value, enhanced energy delivery, and smart packaging they provide.

The advent of experimental brands using different fruits, spices, and nuts in their production is also gaining traction in the market as they are becoming popular in the market space.

The changing eating habits and lifestyle of the geriatric population are transforming the conventional energy bar as health enthusiasts look at it. This transformation is expected to add value to market growth.

Key Points

The United States market leads the plant-based bars market in terms of market share in North America. North America held a market share of US$ 3.68 billion in 2022. The growth in this region is promoted by the advanced food options, expanding corporate food culture, the high spread of veganism, and the health-conscious generation.
The United Kingdom plant-based bars market is another significant market from Europe region. Europe’s local spices, nuts, and advanced sweet factories along with the wave of vegan protein have fueled the demand for plant-based bars.
China plant-based bars market is anticipated to thrive at a healthy CAGR during the forecast period. Asia Pacific region is witnessing a ready-to-eat product wave that is anticipated to help the plant-based protein market as well.
The protein bar product type is leading the segment with a leading CAGR between 2023 and 2033. It’s due to its high consumption, high availability, and usage as an energy bar alternative.
Based on the distribution channel, the supermarket/hypermarket segment thrives at a leading CAGR during the forecast period. It is due to the high availability, different options, discounted rates, and high reliability.

Competitive Landscape:

The key vendors work on producing high nutritional value products/ along with affordable prices and enhanced taste and texture. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

The key players in the market are Albany Molecular Research Inc., Kellogg’s (United States), Green’s Gone Wild, LLC (United States), General Mills Inc, 88 Acres (United States), LoveRaw (United Kingdom), GNC Holdings LLC (United States), Raw Bite (Germany), Rise Bar, MADE GOOD (United States), and Vaxa Bar (United States)

Recent Market Developments:

Rise Bar has introduced its almond honey protein bars with a pack of 12 that also comes in chocolate flavor. Apart from this, the company has launched Lemon Cashew Protein Bars.
MADE GOOD has introduced chocolate-drizzled granola bars that are plant-based and come in birthday cake flavors.

Plant-based Bars Market: Segmentation

Product Type (Revenue, US$ billion):

Cereal/Granola Bars
Protein Bars
Energy Bars/Meal Replacement
Fruit & Nut Bars
Others

Distribution Channel Outlook (Revenue, US$ billion):

Supermarkets/Hypermarket
Convenience Stores
Specialty Stores
Online Retail Stores
Others

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Microbial Protein in Feed: Innovations Reshaping Livestock Nutrition

In 2023, the demand for microbial protein used in feed is expected to be worth US$ 159.0 million. Sales of microbial protein used in feed are projected to increase at a CAGR of 13.5% and reach US$ 564.1 million by 2033.

The microbial protein used in feed industry has been experiencing significant growth due to several drivers. One of the key drivers is the growing demand for high-quality animal protein sources globally. In addition, the increasing concerns regarding the environmental impact of traditional protein sources such as soybean and fishmeal have led to a shift towards microbial protein as a more sustainable alternative. Furthermore, advancements in fermentation technology have made it easier to produce microbial protein at a lower cost, further driving demand.

The industry is not without its restraints. One of the key challenges is the lack of awareness and understanding of microbial protein among farmers and animal feed manufacturers. Moreover, the high cost of microbial protein compared to traditional protein sources is hindering its adoption. In addition, the stringent regulations surrounding the use of microbial protein in animal feed are limiting its growth potential.

Despite these challenges, there are several opportunities for growth in the microbial protein used in feed industry. The increasing investments in research and development by key players to enhance microbial protein production and reduce its cost is expected to drive growth. Furthermore, the rising demand for plant-based protein sources in animal feed is expected to create new opportunities for the industry.

The latest trend in the industry is the adoption of precision feeding technology, which allows for the precise and accurate feeding of animals based on their specific nutritional needs. This trend is driving demand for high-quality protein sources such as microbial protein. In addition, the increasing use of automation and digital technologies in animal husbandry is expected to create new opportunities for the industry.

Key Takeaways from the Microbial Protein Used in Feed Market:

In 2023, the United States is predicted to hold a 37% share of the global microbial protein used in feed industry.
Germany’s microbial protein used in the feed industry registered 23% of the global market in 2022.
In 2022, Chinese microbial protein utilized in the feed industry accounted for 29% of the global market.
Japan’s microbial protein used in the feed industry accounted for 11% of the market in 2022.
In 2023, the poultry segment is estimated to have a market share of roughly 49%.
In 2023, the bacteria segment is estimated to account for around 61% of the market.

A Look at the Key Players in the Microbial Protein Used in Feed Industry

The microbial protein used in feed industry is highly competitive, with several players vying for market share. Some key players in the industry include Archer Daniels Midland Company, Cargill, Novozymes, DuPont, and Chr. Hansen Holding A/S, among others. These companies are actively engaged in product development, research and development, and strategic partnerships to stay competitive in the market.

One of the key challenges faced by companies in the microbial protein used in feed industry is the high cost of production, which can be a significant barrier to entry for new players. Additionally, regulatory hurdles and compliance requirements can add to the cost of production, further increasing the barrier to entry. However, the growing demand for sustainable and eco-friendly protein sources is expected to drive investment and innovation in the industry, creating opportunities for new entrants.

In terms of investment opportunities, the microbial protein used in feed industry offers significant potential for growth and profitability. Increasing demand for animal protein, coupled with the need for sustainable and eco-friendly protein sources, is expected to drive the growth of the industry in the coming years. Moreover, the adoption of advanced technologies such as fermentation and genetic engineering is expected to improve the efficiency and cost-effectiveness of production, further fueling the growth of the industry.

Recent Developments in the Market:

The France Relance investment program invested US$ 13.50 million in Arbiom in February 2022. Arbiom is a French-American maker of high-quality proteins for animal feed and culinary uses by processing agricultural waste and wood waste.
To launch their first industrial-scale manufacturing plant in Chongqing, China, and produce 20,000 tonnes of FeedKind, a microbial protein for aquafeed yearly, Calysta Inc. and Adisseo created a joint venture (JV) called ‘Calysseo’ in June 2022.

Key Players in the Microbial Protein Used in Feed Industry

Archer Daniels Midland Company
Cargill, Inc.
Novozymes A/S
DuPont
Lesaffre Group
Evonik Industries AG
Koninklijke DSM N.V.
Hansen Holding A/S
Lallemand Inc.
Calysta, Inc.

Global Microbial Protein Used in Feed Market by Category

By Application:

Poultry
Ruminants
Aquaculture
Others

By Source:

Bacteria
Yeast
Others

By Region:

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

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United Kingdom Interesterified Fats Market: Transformations in the Food Processing Industry

During the projected period, the United Kingdom interesterified fats industry is expected to grow at a CAGR of 4.5%. The market value is projected to increase from US$ 207.3 million in 2023 to US$ 322.4 million by 2033.

The historical estimation of this market was valued at US$ 199.4 million by the end of 2022 and is estimated to exhibit CAGR growth of 3.3% in 2018 to 2022.

Rising demand for reduced trans fat products across the world is a key factor driving the interesterified fats industry forward. Interesterified fats have gained immense traction across the food processing industry as they are being increasingly used as a substitute for conventional fats that are unhealthy for human health.

Consuming food items containing trans-fatty acids produced during the industrial partial hydrogenation process has detrimental cardiovascular health consequences.

In several nations, this has resulted in voluntary government measures and initiatives to reduce the so-called “industrial” trans-fatty acids in food products. This is creating a conducive environment for the expansion of United Kingdom Intersterified Fats Market.

As a substitute for hydrogenation, interesterification of fats is being used more frequently to create the shortening and margarine bases. Food manufacturing companies are putting efforts to reduce the trans fat content in their products. This in turn is propelling demand for interesterified fats worldwide.

Incorporating interesterified fats into meals increases desirable functional properties while eliminating the requirement for trans-fats and lowering the saturated fatty acid (SFA) content by 10% to 20%.

The rapidly expanding usage of UK interesterified fats in pharmaceutical and cosmetics & personal care industries is another factor fueling expansion of this industry.

Key Takeaways from the Report:

Global sales of interesterified fats are forecast to rise at 5.9% CAGR during the assessment period, totaling a valuation of US$ 4,486.2 million in 2023.
In terms of interesterification process, the enzymatic segment is projected to expand at 6.2% CAGR through 2033
By end use application, food processing segment is likely to accelerate at 4.1% CAGR during the assessment period.
Interesterified fats demand across India is forecast to surge at 5.7% between 2023 and 2033.
The United States interesterified fats market is projected to progress at a CAGR of 4.5% between 2023 and 2033, attaining a valuation of US$ 1,494.2 million by 2033.
China’s interesterified fats market is likely to exhibit a CAGR of 5.4% throughout the projection period.

Competitive Landscape: The United Kingdom Interesterfied Market

Earlier product portfolios were less diverse, but as time has passed and product demand has increased, major players are focussing on new product formation.

Companies like Cargill Incorporated, Archer Daniels Midland Company, and others are starting to broaden their product range and increase their market reach.

Further, they are adopting strategies such as mergers, acquisitions, partnerships, facility expansions, and collaborations, and firming up distribution channels to expand their global footprint.

For instance

In March 2022, AAK, a leading provider of specialty vegetable oils and fats, announced the launch of a new line of interesterified fats called Akomix, which is designed to improve the texture, stability, and shelf life of confectionery products.
In August 2018, Cargill has invested $17.5 million in Izegem edible vegetable oil refinery to advance food safety and infant nutrition. The plant is one of the most complex edible oil refineries in Europe.

With its refining, hydrogenation, interesterification, winterization, and blending technologies, the plant can process 11 types of oils and fats into 300 product blends.

Key Companies Profiled

Bunge
Archer Daniels Midland Co.
Cargill Incorporated
Wilmar International Limited
Intercontinental Specialty Fats Sdn
Industries Limited
Oleo Fats Inc.
IOI Corporation Berhad
Liberty Oil Mills Ltd.
Fuji Oil Holdings
Mewah International Inc.
Novozymes
Oieofinos
AAK Kamani Pvt. Ltd.
Willowton Group

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