Bulk Food Ingredients Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2031

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global bulk food ingredients market reached US$ 771.6 Bn in 2021. Increasing demand for instant foods and ready meals is anticipated to propel sales, enabling expansion at a healthy 5.20% CAGR.

According to the study, bulk food ingredients market bore ominous losses in 2020 due to lockdown restrictions imposed to control the COVID-19 outbreak. However, sales are anticipated to recover at a steady pace, with a 4.90% year-over-year growth projection for 2020-2021.

Increasing urbanization in emerging economies is creating room for innovation in the packaged food industry. This factor is encouraging food producers to launch new products aligned with fluctuating consumers’ preferences, thereby spurring demand for high-quality bulk food ingredients.

In addition, growing consumers’ preference towards plant-based ingredients and cleaner labels is shaping the demand outlook for high-quality bulk food ingredients. Emergence of diet concepts such as vegan, keto and glutton-free will further spur demand for superior processed food products. In response to this, demand for high-quality bulk food ingredients is anticipated to rise during the assessment period.

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Besides this, high consumption of ready meals due to hectic schedules and increasing per capita expenditure are urging brands to expand production operations to meet the growing consumers’ demand, which in turn is augmenting the bulk food ingredients market growth.

“Convenience and longer shelf life associated with packaged food are propelling sales in the market. Apart from this, sales of bulk food ingredients through online channels, along with demand for gourmet and ready-to-eat meals will continue augmenting market growth,” says the FMI analyst.

Key Takeaways:

Based on product type, processed herbs & spices will account for maximum revenue during the forecast period. Applications of bulk food ingredients in ready meals will continue gaining traction. The U.S. is anticipated to witness high demand for bulk food ingredients, owing to the presence of key stakeholders in the country. Growth prospects in the U.K. are projected to be positive, due to high preference for gourmet sauces and condiments. China is projected to emerge as a lucrative market with increasing sales of instant global foods. Demand for bulk food ingredients in India is expected to witness an uptick, owing to increasing adoption of ready to eat meals. Japan and South Korea will account for 6.2% and 4.8% of the total market share respectively.

Competitive Landscape

DuPont, Archer Daniels Midland Company, Cargill Foods Inc., Tate & Lyle PLC, Associated British Foods plc, Olam International, Ingredion Incorporated, EHL Ingredients, Wilmar International, Suntory, Koninklijke DSM N.V., Symrise AG, Kerry Group Plc, Bunge Limited, Ajinomoto, George Weston, Sysco Corporation, Conagra Brands and Kirin Holdings and CHS Ltd. are among the leading players operating in the bulk food ingredients market.

As a part of their growth strategies, key stakeholders in the bulk food ingredients market are enhancing their product portfolios to improve sales. Besides this, mergers, acquisitions, and production facility expansions will gain high significance during the forecast period. For instance:

In April 2021, Olam Food ingredients acquired Olde Thompson, a private label manufacturer of dry spices and seasonings, from private equity firm Kainos Capital for US$ 950 Mn. The acquisition marked a 15-yearlong partnership with Olde Thompson to supply premium retail spice solutions to major US retailers. In July 2021, Ingredion, Inc., unveiled a new textured protein at the Institute of Food Technologists’ FIRST virtual conference. The company added VITESSENSE TEX Crumbles 102 protein to its wide range of plant-based solution for the United States and Canada.

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Bulk Food Ingredients Market by Category

By Product Type: 

  • Vegetable Oil
  • Sea Salt
  • Sugar & Sweeteners
  • Tea, Coffee & Cocoa
  • Flours
  • Processed Grains, Pulses & Cereals
  • Dried Fruits & Processed Nuts
  • Processed Herbs & Spices

By Application Type:

  • Bakery & Confectionery
  • Beverages
  • Meat & Poultry
  • Sea Food
  • Ready Meals
  • Dairy Products
  • Snacks & Savory
  • Sauces & Dressings and Condiments
  • Frozen Foods

By Region:

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

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Key Questions Answered in the Report

What is the current bulk food ingredients market value?

The bulk food ingredients market reached a valuation of US$ 771.6 Bn in 2021.

At what rate did the bulk food ingredients market grow between 2016 and 2020?

The bulk food ingredients market experienced modest growth, exhibiting a 4.30% CAGR between 2016 and 2020.

What are the key trends driving bulk food ingredients sales?

Growing demand for instant food products and ready meals, coupled with longer shelf life and convenience offered by processed food is driving the bulk food ingredients market.

Who are the leading players in the Bulk food ingredients market?

Leading players operating in the bulk food ingredients market include DuPont, Cargill Foods Inc., Archer Daniels Midland Company, Associated British Foods plc and Koninklijke DSM N.V.

What is the current market share of Japan and South Korea in the global bulk food ingredients market?

Japan and South Korea will collectively account for 6.2% and 4.8% of the total market share respectively.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Citrus Water Market Size, Growth Analysis Report, Forecast to 2033

The citrus water market is expected to increase from US$ 10.59 million in 2023 to US$ 51.9 million in 2033.

The Use of Citrus Water as a Fragrance in Cosmetics Amplifies Production Globally

Citrus water is used to increase flavor in the food sector. It is mostly used to manufacture candies in the confectionery business. Citrus water also adds a tangy flavor to stews, soups, and other types of prepared foods. Citrus water is often used to make a variety of drinks. These elements are expected to increase the global citrus fruit market’s revenue growth prospects.

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Citrus concentrates have applications in personal care products, which is predicted to have a favorable impact on this market. Individuals’ preference for organic and healthy food choices is also predicted to boost revenue growth in this target market during the forecast period.

An increase in the consumption of sugar-free citrus water has been noticed, which is expected to create extra demand and present profitable prospects for market participants to expand their respective product offers. Sadly, the cost can be a substantial barrier to consumer acceptance, which could have a negative impact on this market to some extent.

This market’s manufacturing, distribution, and sales channels were all affected. Yet, according to sales statistics from several industry players, organic and functional beverages outperformed carbonated drinks in terms of revenue contribution to various food and beverage enterprises throughout the pandemic. This pattern is likely to persist.

Consumers are increasingly interested in sustainable or biodegradable packaging choices. This is expected to provide new opportunities for players and boost revenue growth in this market over the forecast period.

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Key Points from the Citrus Water Market

·         Consumer inclination for healthy alternatives to sugary soft drinks is one of the key elements driving the citrus water market’s rise.

·         The market size is anticipated to be US$ 10.59 million in 2023.

·         The citrus water market is expected to capture a CAGR of 17.1% during the forecast period 2023 to 2033.

·         North America dominated the citrus water market.

Key Developments in the Citrus Water Market

  • In 2019, Ball Corporation collaborated with Danone to launch L’mon, a new sparkling canned beverage.
  • In 2019, Limoneira, a citrus corporation based in the United States, announced the conclusion of a joint venture and land acquisition with FGF Trapani (FGF). The agreement allows Limoneira to expand its reach in Argentina and ensures a 365-day, 24-hour fruit supply.
  • July 2021 – National Beverage Corporation, an American beverage maker, introduced three new sparkling water flavors under the LaCroix brand. The effervescent waters include no calories or sugar.
  • May 2021 – PepsiCo Inc., a renowned global food and beverage corporation, debuts Soulboost, an enhanced sparkling water beverage enriched with functional ingredients. The drink comes in two flavors: blueberry pomegranate and black cherry citrus, which contain 200 mg of ginseng to aid in mental stamina, and blackberry passion fruit and strawberry rose, which contain 200 mg of theanine to aid in relaxing.
  • June 2022 – Bickford & Sons, a South Australian business, introduced new tonic water. Tonic water is prepared from natural elements such as carbonated water, quinine, and sugar or a natural sweetener.
  • March 2022 – Schweppes, a Coca-Cola Company brand, introduced a new premium 600 ml glass container. The drink comes in three flavors: Indian Tonic, Slimline Tonic, and Elderflower.

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Key Segments

Product Type:

  • Economic
  • Premium

Source:

  • Lemon
  • Orange
  • Lime
  • Grapefruit
  • Mixed

Packaging Format:

  • Glass Bottles
  • Tins
  • Plastic Bottles
  • Other

Distribution Channel:

  • Modern Trade
  • Specialty Stores
  • Convenience Stores
  • Commercial Market
  • Hotels/Restaurants/Bars
  • Online Retailers
  • Others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Citrus Pulp Market Size, Share, Trends, Industry Analysis, Research Methodology and Forecast To 2033

The citrus pulp market is anticipated to be worth US$ 180.97 million in 2023 and US$ 287.2 million by 2033. Citrus pulp demand is anticipated to maintain a constant CAGR of 5.9%.

The demand for natural and healthy ingredients is increasing as consumers become more health conscious. Citrus pulp feed is a natural and organic ingredient that contains high levels of fiber, making it a popular choice for health-conscious consumers. In addition, it is low in fat and calories, which makes it an attractive ingredient for weight management products. As the demand for natural and healthy ingredients continues to rise, the citrus pulp market is expected to grow.

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Sustainability is becoming a key concern for companies and consumers alike. Citrus pulp feed is a sustainable ingredient that can be used in a variety of applications, including animal feed, food and beverage products, and packaging. It is a by-product of the citrus juice industry, which helps to reduce waste and promote sustainability. As companies and consumers become more conscious of sustainability, the demand for citrus pulp is expected to increase.

Demand for Citrus Fiber Is Growing as Many People Try to Buy Products Free from Harmful Ingredients.

Since scientists have discovered citrus fibers’ health benefits, manufacturers have been adding them to several products to boost sales of citrus pulp. Citrus fiber is used in a wide variety of foods and beverages, including to fruit juices and yoghurts, salad dressings, condiments, sauces, baked goods, meats, and soups. Researchers have found that citrus fiber has numerous health benefits, including the prevention of cancer, improvement of heart health, digestion, stress relief, and skin tone. Polyphenols, vitamin C, and flavonoids are just few of the bioactive compounds found in citrus fiber that contribute to its health benefits. As clean-label foods and drinks become the norm, consumers are looking to our clients for cutting-edge solutions to meet their needs. Companies that sell citrus fiber tout not only its health advantages, but also its potential to replace eggs and oil,  clean label, and its contribution to sustainability by making productive use of post-processed citrus that would otherwise be thrown away.

The rising demand for naturally derived cosmetics is prompting several players in the citrus fiber market to emphasize their continued investment in ingredient innovation for broad cosmetic and personal care applications. Furthermore, the rising interest in natural remedies is driving up demand for citrus ingredients in all sorts of cosmetics. Citrus fibers, which are essential for enhancing the body’s metabolism and digestion, have been seeing a rise in popularity as consumers become more concerned about the safety of the food they eat. Citrus fiber’s inclusion in a wide variety of products across sectors reflects the growing clean label movement’s emphasis on the importance of using ingredients with few or no artificial ingredients.

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Key Takeaways:

  • The availability and demand for citrus pulp around the year, owing to the presence of several citrus fruit juice production facilities, is aiding the long-term prospects of the industry.
  • Europe market holds a predominant position, accounting for over 30% of the global market share, driven by demand from consumers in the United Kingdom, Germany, and France.
  • The demand for orange-based citrus pulp is expected to account for a significant market share through the end of the forecast period.
  • The market is facing challenges related to contaminants and counterfeit products, and fluctuations in yield due to environmental factors.
  • The demand for citrus pulp in the bakery products segment is estimated to remain the prominent in the near future, driven by growing applications in confitures and fresh fruit pastries.
  • Citrus pulp feed is used in various end-use applications, including bakery, sauces and seasonings, meat and egg replacement, personal care, and pharmaceutical offerings, among others.
  • The growing demand for convenience foods is expected to bolster fast growth in the snacks and meals segment.

Competitive Landscape:

The citrus pulp market is highly competitive and fragmented, with several key players vying for market share. Some of the leading companies in the market include:

  • Fiberstar, Inc.
  • Cargill, Inc.
  • Commodity Specialists Company
  • Agrifiber Products, Inc.
  • DuPont de Nemours, Inc.
  • Ingredion, Inc.
  • Tereos Group
  • CP Kelco U.S., Inc.
  • Florida Food Products, LLC
  • Ceamsa

The market is characterized by intense rivalry among players, with strategies such as product innovation, mergers and acquisitions, and strategic partnerships being employed to gain a competitive edge. Moreover, market players are focusing to expand their production capacities to cater to the growing demand for citrus pulp from various end-use industries.

The market is also witnessing the entry of new players, which is further intensifying the competition. This is expected to drive innovation and result in the development of new and advanced products in the market. Overall, the competitive landscape of the citrus pulp market is expected to remain highly dynamic and competitive in the coming years.

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Key Segments

Nature:

  • Organic
  • Conventional

Source:

  • Oranges
  • Tangerines/Mandarins
  • Grapefruit
  • Lemon and Lime

End Use:

  • Bakery
  • Desserts and Ice-Creams
  • Sauces and Seasonings
  • Meat and Egg Replacement
  • Beverages, Flavorings, and Coatings
  • Snacks and Meals
  • Personal Care
  • Pharmaceuticals
  • Others

Distribution Channel:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Departmental Stores
  • Specialty Stores
  • Pharmacy/Drug Stores
  • Others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Pulses Market Key Methods, Historical Analysis, Application, Technology, Trends and Opportunities by 2033

FMI finds the overall demand for pulses around the world growing at a promising 4.9% annually which is anticipated to continue till 2033. The global pulses market valuation is projected to reach US$ 122,891.9 million by the end of the year 2033.

Since pulses are a staple diet across several developing regions, governments are extending financial support and other incentives to increase their production. Countries have implemented various food programs aimed at boosting pulse production in recent years as well.

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Growth is underpinned by rising urbanization, surging disposable incomes, and high demand for healthy ready-to-eat, and processed foods. Also, the concentration of a large population base across India and China is accelerating the need for nutritious food, prompting them to increase overall pulse production.

Pulses help reduce cholesterol and triglyceride levels within the human body. Due to this, they are extensively consumed across the world. A slight deceleration was anticipated in the short run due to the coronavirus pandemic. In spite of a slight deceleration due to COVID-19, growth prospects remain largely optimistic.

As concerns over excessive meat consumption on human health dawn on consumers, they are seeking healthier alternatives. Resultantly, the market for pulses is witnessing a notable upsurge nowadays. Furthermore, the trend of healthy eating has augmented, with consumers hoping to strengthen their immunity by eating fiber, nutrient, and vitamin-rich foodstuffs. Therefore, growth prospects of the global pulses market appear largely optimistic throughout the 2020-2030 assessment period.

Key Takeaways from the Pulses Market Study Report

  • The United States pulses market is projected to grow at an annual rate of 3.7% over the next ten years. By following this growth rate it is expected to reach an overall valuation of US$ 4,473.2 million by the end of the year 2033.
  • In the European region, Germany is the leading region for business in pulses that is projected to grow at a 2.7% rate throw 2033. Meanwhile, the United Kingdom and Spain are expected to witness a higher rate of 3.1% and 4.1% respectively, over these years.
  • On the other hand, China is a very lucrative region nowadays for sales of pulses, which may register a CAGR of 6.4% until 2033.
  • Based on different forms of pulses, the pulse flour segment holds a higher potential for growth in the coming days. This segment is further projected to progress at an annual rate of 4% during the forecast years.
  • High consumption of pulses is likely to be in the whole form, given the higher need for good quality nutrition in countries suffering from severe hunger and malnutrition. This is largely expected to occur throughout the Middle East and Africa.

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Landscape for the Pulses Market

Nestle SA, Groupe Danone, Reckitt Benckiser Group Plc (RB), Abbott Laboratories Inc., Vitasoy International Holdings Ltd, Inner Mongolia Yili Industrial Group Co Ltd., Coca-Cola Co, General Mills Inc., Blue Diamond Growers, Kikkoman Corporation, Dr. Schär AG/SpA, Lactalis Groupe, Valio Oy, Post Holdings Inc., and Monde Nissin Corp. among others are some of the major players in the global pulses market.

Market players can face stiff competition from alternative protein sources such as soybeans, hemp, flax, nuts, and oilseed. In most countries, the price of pulses is also phenomenally high limiting their consumption, particularly in developing economies.

This is generally attributed to the presence of interim entities who seek to profit from the pulses trade and commerce. However, nowadays, consumers rely on platforms such as Big Basket, Amazon, and Grofers to purchase pulses. Moreover, growth is largely being sustained by e-commerce channels, despite the significant presence of conventional retail outlets.

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Key Segments in the Pulses Industry Report

By Product Type:

  • Dry Beans
  • Lentils
  • Faba Beans
  • Dry Peas
  • Chickpeas
  • Cowpeas
  • Bambara Beans
  • Pigeon Peas
  • Vetches
  • Others

By Nature:

  • Organic
  • Conventional

By Form:

  • Whole Pulses
  • Flour Pulses
  • Split Pulses

By End Use Application:

  • Business to Business
    • Food & Beverage Industry
    • Pharmaceutical Industry
    • Cosmetic Industry
    • Nutraceutical Industry
    • Animal Feed Industry
  • Household Retail
    • Store-based Retail
  • Hypermarkets or Supermarkets
  • Convenience Stores
  • Mass Grocery Retailers
  • Wholesale Stores
  • Departmental Stores
  • Food & Drink Specialty Stores
  • Other Retail Forums
    • Online (e-commerce)
  • Food Service (HoReCa)
  • Institutional (Schools, Universities, etc.)
  • Others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Food Flavor Enhancer Market Research Report, Share, Size and Forecast for 2023 to 2033

The food flavor enhancer market is predicted to be worth US$ 8,736 million in 2023, and rise to US$ 16,251.1 million by 2033. Initially, the global market was expanding at a CAGR of 2.4% during 2018 to 2022.

Seasonal flavors and limited-edition flavors have the potential to revive companies and offer a wonderful way to introduce new items to consumers. The popularity of fruits and vegetables, especially in powder form, keeps rising. The rising demand for vegan foods and savory tastes in the market is likely to push the adoption of food flavor enhancers in the future.

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The demand for natural and organic food flavor enhancers has increased as people become more conscious of eating healthy foods and leading healthy lifestyles. The FSSAI (Food Safety and Standards Authority of India) and the U.S. Food & Drug Administration have both implemented strict rules, which has increased demand for safe flavor enhancers.

Customers in rising economies have greater disposable income, making pet adoption easier. As a result, the need for dog and cat food flavor enhancers has soared.

Challenges Reducing Market Profitability

Artificial food flavor enhancer production necessitates a sizable investment in research and development, as well as premium raw ingredients. The profitability of the companies that make flavor enhancers may be impacted by the fluctuating cost of these components.

Governments and health organizations have tight regulations governing the use of some artificial taste enhancers, and these regulations must be adhered to. Any modifications to these rules may alter the availability and application of specific food flavor enhancers, which could impact the market.

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Key Takeaways

  • In 2022, the United States accounted for 7.1% share in the food flavor enhancer market.
  • The food flavor enhancer market was significantly expanding, with a size of US$ 8,400 million in 2022.
  • Market shows amazing opportunities due to the diversity in flavors, and expects a growth rate of 1.04x between 2022 and 2023.
  • The market in China is anticipated to expand at an adequate CAGR of 4.8% by 2033.
  • In 2022, Germany accounted for 4.8% CAGR in the food flavor enhancer market.
  • In 2022, Australia accounted for 2.9% CAGR in the food flavor enhancer market.
  • By 2033, it is expected that the United Kingdom market expansion is likely to expand at a respectable CAGR of 6%.
  • Based on the end use, the food service/HoReCa is likely to lead the market and continue to lead the market.
  • Based on source, the plant-based segment continues to dominate the sector during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

Companies are creating unique flavors, preferably manufactured from ingredients with clean labels that come from natural sources. To keep up with changing consumer preferences and needs, these businesses continually spend in research and development initiatives to create novel flavor enhancers.

Recent Developments

  • 2020 saw the arrival of Givaudan’s new Tastepoint line of natural flavors, which features a range of flavors such as fruit, dairy, savory, sweet, and beverage flavors.
  • Firmenich purchased Senomyx, a US-based business that specializes in creating and marketing flavor compounds, in 2019.
  • Tate & Lyle PLC expanded its operations in Thailand’s tapioca-based industry in February 2021, when it fully bought 85% of Chaodee Modified Starch Co. Ltd. The program gives the business the ability to meet consumer demand for clean-label foods. This also denotes the company’s growth in the Asia Pacific region.

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Key Segment

By Form:

  • Powder
  • Liquid

By Product Type:

  • Glutamates
  • Hydrolyzed Vegetable Protein
  • Yeast Extract
  • Others (Meat Extract, Plant Extract)

By Source:

  • Plant-based
  • Yeast
  • Seaweed
  • Synthetic

By End Use:

  • Soups and Sauces
  • Meat and Seafood
  • Ready Meals/Prepared Foods
  • Dairy Products
  • Snacks, Savouries, and Seasonings
  • Beverages
  • Bakery and Confectionery
  • Foodservice/HoReCa
  • Household/Retail
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • Southeast Asia & Rest of APAC
  • The Middle East and Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Phosphatidylserine Market Size, Share & Industry Trends Report from 2023 to 2033

As per the latest market research conducted by FMI, the global phosphatidylserine market is expected to record a CAGR of 5.3% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 178.19 million. By 2033, the valuation is anticipated to reach US$ 298.1 million.

A phospholipid that occurs naturally and is composed of fatty acids and amino acids is called phosphatidylserine. Other names for it include PS, PCS, and PtdSer. Cell membranes include phosphatidylserines, which can regulate how chemicals pass through cells.

One class of phospholipids, which make up the majority of cell membranes, is phosphatidylserine. Phosphatidylserine is crucial for signal transmission between the brain and other types of cells in our body, including other cells.

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The demand from millennial consumers and developing economies is predicted to increase and record a significant CAGR over the forecast period. Key growth factors for the phosphatidylserine market include technological advancements that enable effective operational maintenance, efficient production, expanded product line, high-quality design & packaging, and sales monitoring.

Development in the Market:

  • NZMP milk phospholipid 70 was introduced in 2021 by the New Zealand-based Corporation Fonterra Co-Operative Group Ltd under the trade name NZMP. This phospholipid ingredient is suitable for many food and beverage products, such as nutritional bars, ready-to-mix health powders, and supplement sachets. It is specially formulated for the behavioral therapy and mental function under stress issues that have been magnified during the pandemic period.

Key Takeaways:

  • The phosphatidylserine market is anticipated to reach a valuation of US$ 178.19 million in 2023.
  • The low adoption rate of dietary supplements and functional foods in many emerging economies may restrain the market to some extent.
  • The phosphatidylserine market recorded a CAGR of 9% from 2018 to 2022.
  • The market in China is expected to record a CAGR of 6.7% over the forecast period.
  • The phosphatidylserine market is expected to surpass US$ 298.1 million by 2033.
  • Phosphatidylserine is in high demand because of its benefits for cognitive function. Its application in the food and pharmaceutical industries is expected to increase phosphatidylserine’s market share, thus this primary factor is expected to drive the
  • The phosphatidylserine market is predicted to record a CAGR of 3% through 2033
  • The market in the United Kingdom is expected to record a CAGR of 5.8% over the forecast period.
  • The phosphatidylserine market reached a valuation of US$ 169.48 million in 2022
  • The market in the United States is expected to record a CAGR of 5.6% over the forecast period.

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Competitive Background:

The key players operating in the phosphatidylserine market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the phosphatidylserine market. As a result, market participants are likely to have a better overall revenue share in the global phosphatidylserine market.

Significant Key Players in the Phosphatidylserine Market Include:

  • Lonza AG
  • Enzymotec Ltd
  • Lipogen Products Ltd.
  • Doosan Corporation
  • Novastell
  • Nagase ChemteX Corporation
  • Bontac Bio-engineering (Shenzhen) Co. Ltd.
  • ECA Healthcare, Inc.
  • Lipoid GmbH
  • Chemi Nutra LLC
  • Others

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Global Phosphatidylserine Market: Segmentation

By Form:

  • Powder
  • Liquid

By End Use:

  • Functional Foods
  • Dietary Supplements & Nutraceuticals
  • Cosmetics & Personal Care

By Grade:

  • Food Grade
  • Pharmaceutical Grade

By Nature:

  • Organic
  • Conventional

By Source:

  • Plant Source
    • Soybean
    • Sunflower
    • Others (Cabbage etc.)
  • Animal-derived

By Region:

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

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Collagen Casings Market Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2033

The global collagen casings market is estimated to be worth around US$ 1,506 million in the present year. As per the market trends, the net valuation could register an annual growth rate of 5.9% between 2023 and 2033. Furthermore, FMI predicts the market is expected to reach US$ 2,672.6 million by the end of the forecast period.

Collagen meat casing is used while the manufacturing, storage, and sales of all varieties of sausages. Previously, only animal intestines were commercially available for the making of casings. But over the past 30 years, a significant increase in the use of synthetic collagen casings has been observed to reduce costs and automate production. They are well-matched with present-day traceability requirements and food hygiene, and also, technical specifications can be determined in advance.

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Over the last decade, a solid rise in the demand for different types of collagen casings used in sausage production has been witnessed. Natural casings are being replaced with synthetic collagen casings due to their ease of use, consistency in sizing, and ability to be employed on high-speed machinery.

The observed change in collagen casings from natural casings in the past few years is remarkable. The new type of smoked collagen casings operate more quickly and effectively on sausage production lines and are well-liked by consumers around the world.

Key Takeaways from the Collagen Casings Market Study Report

  • Due to the higher consumption of sausages in the United States, the sales of collagen casings are most lucrative in this country. The United States collagen casings market is projected to register a CAGR of 5.1% through 2033 and reach a valuation of US$ 548.53 million.
  • European countries are the traditional main hub for the demand for all types of sausage casings and Germany is the leading manufacturer and supplier. Further, the demand for collagen casings in the German market is projected to follow an annual growth rate of 5.8% through 2033.
  • On the other hand, the demand for collagen casings in many countries is somewhat saturated as per the market survey report. For instance, the year-on-year growth rate through 2033 of markets in the United Kingdom and Spain could be 1.9% and 4.6% respectively.

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Competitive Landscape for the Collagen Casings Market Players

Viscofan, S.A., Devro PLC, Nippi, Inc.,  Shenguan Holdings (Group) Limited,  Fibran, S.A.,  Fabryka Oslonek Bialkowych FABIOS S.A., LEM Products Inc., DeWied International (Oversea Casing Company, LLC), Nitta Casings, Inc., Weschenfelder Direct Limited, and Belkozin LLC among others are some key players in the global collagen casings market.

There have been plenty of advancements by the beef collagen casing market participants, as well, over the past few years. A few of the advancements are a result of technological developments and others as a result of upgraded manufacturing unit systems.

Recent Developments by the Collagen Casings Industries

The LEM Products firm primarily sells collagen casings for smoked sausages, fresh sausages, and hot dogs. In the United States and Canada, the corporation sells around 800 different items through its recently expanded 3,500 retail locations.

Oversea Casing Corporation manufactures and sells natural and artificial casings for fresh and processed sausage, frankfurters and wieners, and deli products. To expand its market reach, the firm obtained partners in Europe, Australia, the United States, South America, and China last decade.

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Global Collagen Casings Market: Segmentation

By Product Type:

  • Edible Collagen Casings
  • Non-edible Collagen Casings

By Caliber:

  • Small Caliber Collagen Casings
  • Large Caliber Collagen Casings

By Application:

  • Fresh Sausages
  • Cooked Sausages
  • Dry-Cured Sausages
  • Meat-based Snacks
  • Others Applications (Pork Loin, etc.)

By End Use:

  • Industrial Food Processing
  • Foodservice
  • Private Label
  • Butcheries and Meat Processors
  • Other End-users

By Sales Channel:

  • Business to Business Sales Channel
    • Food Processing
    • Foodservice
    • Private Label Brands
    • Butcheries and Meat Processors
    • Other B2B channels
  • Business to Customer Sales Channel
    • Grocery Retailers
    • Hypermarket or Supermarkets
    • Convenience Stores
    • Wholesalers
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Other Retail Channels

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Rapeseed Oil Market is expected to have a CAGR of 4.6% by 2033 | FMI

The global rapeseed oil market is expected to cross a valuation of US$ 27.7 billion by 2033. The market is projected to advance at a CAGR of 4.6% from 2023 to 2033. In 2023, the market is anticipated to be valued at US$ 17.7 billion.

According to a survey, nearly 550 million heart patients worldwide, and owing to lifestyle factors, the number is expected to surge. Rapeseed oil is rich in omega-3, which helps in the smooth functioning of the heart. This might increase the demand for rapeseed oil during the forecast period.

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Professional chefs working in luxury hotels have started adopting rapeseed oil. Owing to the lack of taste associated with rapeseed oil, the application does not alter the taste of the food that is mixed with it. Moreover, these can be heated at a temperature greater than 400 0C, which leads to the fact that the taste does not get ruined due to excess heating. These factors are expected to surge the sales of rapeseed oil during the forecast period.

Owing to the soaring cases of Vitamin E deficiency, many people have started consuming multivitamin capsules. Manufacturers who are into the production of multivitamin capsules are making use of rapeseed oil as it is an extremely rich source of Vitamin E.

One of the key applications of rapeseed oil is in the booming personal care products market. Being a rich source of Vitamin E, personal care product manufacturers are making use of rapeseed oil as these help in improving skin texture.

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Thus, as per the insights provided by FMI researchers, it can be inferred that an ‘increase in cholesterol cases, high preference among chefs, surging personal care market, and other factors are expected to surge the rapeseed oil market growth during the forecast period.’

Key Takeaways:

  • The market is expected to hold a value of US$ 17.7 billion in 2023.
  • By 2033, the valuation is expected to surge beyond US$ 27.7 billion.
  • The CAGR is projected to be at 4.6% during the forecast period.
  • Based on regional analysis, Europe is expected to be the dominant market during the forecast period.
  • The United States market is expected to record a CAGR of 2.8%.
  • The United Kingdom market is anticipated to post a CAGR of 3.8%.
  • France market is projected to register a CAGR of 6.8%.
  • China market is expected to advance at a CAGR of 5.4%.
  • Japan market is anticipated to record a CAGR of 4.4%.
  • Based on product type, the processed segment is expected to hold the leading market share and is projected to advance at a CAGR of 4.5%.
  • On the basis of end users, the food service segment is projected to hold the dominant market share and is expected to register a CAGR of 4.6%.

Competitive Landscape

The key players operating in the rapeseed oil market are making moves to indulge in profitable mergers and acquisitions. This comes at a time when the manufacturers are taking all steps to increase their market share. The manufacturers are also taking steps to invest amounts in marketing and sales activities to spread awareness about the kind of product being manufactured by them. The idea is also to rope in some sharpest minds who have been a part of the niche for decades and helped the previous companies post record-breaking profits.

Key developments in the rapeseed oil market:

  • In November 2022, Wilmar was ranked second globally in the human rights benchmark.
  • In January 2023, Interfat announced that it had launched its website in French to specifically cater to the French audience.

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Rapeseed Oil Market Segmentation

By Product Type:

  • Processed
  • Virgin

By Distribution Channel:

  • Franchise Outlets
  • Modern Trade
  • Online
  • Specialty Stores

By End User:

  • Food Processor
  • Food Service
  • Retail

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan
  • The Middle East and Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Patchouli Oil Market Size, Share & Growth Report Outlook from 2023 to 2033

The global patchouli oil market is predicted to register a CAGR of 3% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to grow from US$ 75.3 million in 2023 to US$ 101.4 million by 2033 end.

The rising application of patchouli oil for skin health in cosmetics and personal care sector is projected to boost the market growth. Patchouli oil is known for its usage in skin cell regeneration. The essential oil has a significant role in fighting off germs and bacteria that eventually lead to acne, pimples, and other skin infections. As a result, the rising concerns for looks and appearance among the masses, especially females, is projected to have a positive effect on patchouli oil market.

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The extensive usage of patchouli essential oil to kill multiple types of insects, such as house flies, mosquitoes, ants, and fleas, etc., is expected to support market growth over the forecast period. Additionally, the product, owing to its strong aphrodisiac properties, is prescribed to treat impotency and boost libido. The aromatic oil also finds application in shampoos, deodorants, oils, liniments, topical creams, and clothing detergents, among others, due to its stimulating earthy aroma.

Key Highlights of the Patchouli Oil Market:            

  • The United States market is projected to lead in the forthcoming years as well. By 2033, the market is estimated to attain US$ 22 million, expanding at a CAGR of 2.6%.
  • India is expected to hold a significant market share in Asia Pacific region, reaching a market valuation of US$ 9 million by the end of the analysis period. From 2023 to 2033, the market is expected to record a CAGR of 2.6%.
  • China patchouli oil industry is expected to grow at a rapid pace, exhibiting a CAGR of 4.1% over the forecast period. By the end of 2033, the market is projected to reach US$ 6.7 million.
  • In Europe region,, Germany is assessed to be a significant market for patchouli oil. The market is slated to reach US$ 6.3 million by 2033, registering a CAGR of 2.5% in the next 10 years.
  • The United Kingdom market is expected to reach US$ 4.1 million by 2033, exhibiting a 2.6% CAGR in the meantime.
  • Rising demand for conventional patchouli oil due to its affordability and easy availability is projected to boost the segment growth. The segment is predicted to expand at a CAGR of 2.8% over the forecast period.

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New Developments in the Field of Cosmetics and Personal Care to Boost the Demand for Patchouli Oil:

  • With the launch of 82°E, a skincare and wellness brand, founded by Deepika Padukone and Jigar K Shah, the actress has ventured into beauty and skincare segment. The brand, in November 2022, introduced Patchouli Glow Sunscreen containing SPF 40, and Ashwagandha Bounce, which is a revitalizing moisturizer.
  • In March 2022, Givaudan Active Beauty introduced Patchoul’Up™, which is a 100% upcycled active ingredient for scalp and hair. The product helps in eliminating dry flakes, normalizing scalp microbiome, and rebalancing sebum production for overall well-being.

Global Patchouli Oil Market Segmentation

Analysis by Product Type:

  • Light Patchouli Oil
  • Dark Patchouli Oil

Analysis by NatureL:

  • Organic
  • Conventional

Analysis by Extraction Process:

  • Steam Distillation
  • Hydro Distillation

Analysis by End Use:

  • Cosmetics and Personal Care
    • Hair Care
    • Skin Care
    • Perfumes and Fragrances
  • Aromatherapy
  • Food and Beverage Industry
  • Pharmaceuticals
  • Others

Analysis by Distribution Channel:

  • Direct
  • Indirect
    • Specialty Stores
    • Drug Stores
    • E-Retail

Analysis by Function:

  • Anti-inflammatory
  • Anti-depressant
  • Flavoring Agent
  • Mood-harmonizer
  • Deodorizing
  • Others

Analysis by Region:

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

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Food Irradiation Market is forecast to expand at a 6% CAGR by 2033 | Future Market Insights, Inc.

The food irradiation market is predicted to be worth US$ 312 million in 2023 and rise to US$ 540.9 million by 2033. Initially, the global market was expanding at a CAGR of 3.3% from 2018 to 2022.

Sustainability is gaining importance in the food industry, and irradiation can help reduce food waste by extending the shelf life of food products. This can mitigate the damaging environmental effects of food production and distribution.

The effectiveness and safety of food irradiation are being guaranteed by regulatory systems from all over the world. As regulatory approvals spread and become more standardized, food irradiation becomes more and more widespread.

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Moreover, food preservatives can extend the shelf life of foods. As a result, the market for food preservation goods is advantageous to the worldwide business. Antioxidants and antibacterial substances, two types of food preservatives, have been shown to have potential health benefits.

Opportunities for Expanding Market Profitability

To increase food safety and decrease food waste, emerging regions have aggressively promoted and developed food irradiation technology. Food irradiation is projected to continue to play a significant role in the food business due to the rising demand for safe and high-quality food items.

Key Takeaways

  • In 2022, the United States accounted for 5.6% share of the food irradiation market.
  • The food irradiation market was significantly expanding, with a size of US$ 300 million in 2022.
  • The market offers incredible prospects as a result of consumers’ growing health consciousness, and analysts predict a 1.04x growth rate between 2022 and 2023.
  • The market in China is anticipated to expand at an adequate CAGR of 3.5% by 2033.
  • In 2022, Germany accounted for 3.4% share of the food irradiation market.
  • In 2022, Australia accounted for 0.3% share of the food irradiation market.
  • By 2033, it is expected that the United Kingdom market expansion is likely to expand at a respectable CAGR of 5.3%.
  • Based on the source, Gamma radiation is likely to lead the market and continue to lead the market.
  • Based on technology, ozone treatment continues to dominate the sector during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

To increase the efficacy and efficiency of their irradiation technology, businesses in the food irradiation industry are continually making research and development investments. Technology advancements can give a competitive edge to businesses that can provide quicker, more dependable, and less expensive solutions.
Companies operating in the market must adhere to laws and norms pertaining to food irradiation. By offering dependable, safe, and compliant irradiation services that satisfy industry standards, businesses that can guarantee compliance with regulatory regulations can gain a competitive advantage.

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Recent Developments

  • Scantech Sciences: Scantech Sciences is an American business that offers irradiation solutions for extending the shelf life and ensuring the safety of food. The business announced the release of its new Cesium-137 irradiator in 2021, which is intended to offer a more affordable and effective option for food irradiation.
  • Providing irradiation solutions for food safety and sterilization is an Indian company called Lanexis Enterprises Pvt. Ltd. To fulfill the rising demand for irradiation services in India, the business declared the installation of a new Cobalt-60 irradiator at its site in Gujarat in 2020.

Key segments

By Source:

  • Gamma Radiation
  • X-ray Radiation
  • Electron Beam Radiation

By Technology:

  • Ultra-high Pressure
  • Steam Pasteurization
  • Food Coating
  • Ozone Treatment
  • Others

By Region:

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

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Table of Content

1. Executive Summary | Food Irradiation Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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