Market Research Blog

According to Future Market Insight, the global sports nutrition market is likely to reach USD 61.66 billion by 2033, registering a CAGR of 11.5%. This is a considerable increase from its projected value of USD 20.77 billion in 2023.

Global participation in sports and fitness activities is on the rise, with more people engaging in diverse exercise routines and athletic pursuits. This trend spans professional athletes, fitness enthusiasts, and casual gym-goers, all contributing to a growing demand for sports nutrition products designed to boost performance, endurance, and recovery.

As health and wellness take center stage, consumers are increasingly prioritizing products that support their fitness goals, weight management, and nutritional needs. Sports nutrition offerings such as protein powders, energy bars, and dietary supplements are gaining popularity, perfectly aligning with these evolving lifestyle trends.

Understanding the Sports Nutrition Market

The sports nutrition market encompasses a diverse range of products designed to enhance athletic performance, support recovery, and promote overall health for active individuals. As fitness trends continue to evolve, this market has witnessed significant growth, driven by various factors:

1. Market Overview: The sports nutrition market includes supplements, energy bars, protein powders, hydration products, and more, catering to athletes and fitness enthusiasts. It has expanded beyond traditional athletes to include casual gym-goers and individuals seeking healthier lifestyles.
2. Key Trends:
   • Increased Awareness: Growing awareness of the benefits of proper nutrition for performance and recovery has led to increased demand for sports nutrition products.
   • Clean Label Products: Consumers are increasingly seeking products with natural ingredients and transparent labeling, driving brands to reformulate their offerings.
   • Personalization: Tailored nutrition plans based on individual needs and preferences are gaining popularity, with brands offering customized solutions.
3. Target Demographics: The market serves various segments, including professional athletes, amateur sports enthusiasts, and recreational exercisers. Different demographics, such as age and gender, influence product preferences.
4. Distribution Channels: Sports nutrition products are sold through various channels, including specialty stores, online platforms, gyms, and health clubs. The rise of e-commerce has significantly changed how consumers access these products.
5. Challenges: The market faces challenges such as regulatory scrutiny, competition from non-sports-specific health products, and the need for continuous innovation to meet evolving consumer demands.
6. Future Outlook: With the global focus on health and fitness expected to continue rising, the sports nutrition market is poised for further expansion. Innovations in product formulations, sustainability, and marketing strategies will be crucial for brands to remain competitive.

Key Trends in the Sports Nutrition Industry

• The evolution of popular supplements includes protein powders, energy bars, and sports drinks.
• Increasing awareness of the benefits of sports nutrition for performance and recovery
• Specialized products developed for specific fitness goals
• Technology integration for tracking nutrition and performance
• Expansion of female-focused sports nutrition.

Key Challenges in the Sports Nutrition Industry

• Intense market competition and price wars
• Regulatory restrictions and guidelines on ingredients and claims
• Consumer skepticism and negative perception
• Limited consumer awareness and education
• Potential health risks and side effects
• Fluctuating raw material prices
• Limited availability and distribution channels
• Economic downturns impacting consumer spending

Key Takeaways from the Sports Nutrition Market:

• The sports nutrition industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.8% through 2033.
• The United States dominated the sports nutrition industry in 2022, holding a 23.9% global market share.
• In 2022, Japan had a 2.4% share of the sports nutrition industry globally.
• With a CAGR of 25.8% over the forecast period, India is predicted to develop rapidly in the sports nutrition industry.
• The sports nutrition industry in China is expected to increase, registering a CAGR of 4.2% over the forecast period.
• Germany accounted for 5.9% of the global sports nutrition industry in 2022.

Competitive Landscape in the Sports Nutrition Market

Key players employ various measures to preserve their market positions and broaden their global reach. Those strategies involve the following:

• Emphasizing features, quality, and performance to stand out from competitors
• Identifying specific target segments based on demographics, interests, or fitness goals
• Offering specialized programs or services to cater to different customer groups
• Building a strong brand presence through effective marketing campaigns
• Leveraging endorsements and partnerships with influential athletes or fitness influencers
• Utilizing digital marketing channels and social media to engage with target audiences
• Acquiring or partnering with complementary businesses to broaden the product portfolio
• Creating an ecosystem of interconnected fitness products for a seamless user experience
• Collaborating with fitness clubs, gyms, or sports organizations to increase reach and visibility
• Partnering with health and wellness brands to offer integrated solutions

Recent Developments by Key Players

• In December 2022, HealthKart secured a funding round and raised US$ 135 million. Temasek, a wealth fund based in Singapore, primarily led the funding. HealthKart has strategic plans to utilize the funds for expanding the sales of supplements and other nutritional products to new customers.
• In August 2022, Spacemilk, an American sports nutrition brand, and NextFerm Technologies, an Israeli food technology start-up, signed a partnership agreement. The agreement involves the ProteVin supply, a non-GMO protein alternative.
• In January 2022, Cut, an energy drink, was launched by Hydroxycut. Its primary goal is to help consumers reduce their body fat percentage. Hydroxycut, the brand behind ‘Cut,’ operates under the parent company Lovate Health Sciences.

Key Players in the Sports Nutrition Market

• Nestlé S.A.
• Red Bull GmbH
• Ajinomoto Co., Inc.
• Keurig Dr. Pepper, Inc.
• Nutrabolt
• GlaxoSmithKline plc.
• Optimum Nutrition, Inc.
• Premier Nutrition Corporation
• Biothrive Sciences
• Nutrabolt
• Now Foods
• INC Sports Nutrition
• Vitaco Health
• Uelzena Group

Key Segmentation:

By Ingredient Type:

• Plant-derived Ingredient
  • Soy Protein
  • Rice Protein
  • Pea Protein
  • Potato Protein
• Animal-derived Ingredient
  • Creatine
  • Milk Protein
  • Whey Protein Concentrates
  • Casein
  • BCAA (Branded Chain Amino Acid)
• Blends

By Nature:

• Organic
• Conventional

B2C

By Function:

• Energizing Products
• Rehydration
• Pre-Workout
• Recovery
• Weight Management

By Product Form:

• Ready-to-drink
• Energy & Protein Bar
• Powder
• Tablets/Capsules

By Flavour:

• Regular
• Flavored
  • Fruit Punch
  • Berries
  • Citrus
  • Chocolate
  • Vanilla
  • Others

By Sales Channel:

• Modern Trade
• Convenience Store
• Specialty Store
• Pharmacy Store
• Online Retail
• Other Sales Channel

By Price Range:

• Economic
• Premium

Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

According to FMI, fish feed market is expected to reach USD 116,480 million by 2023. It is estimated that the market is poised to reach USD 163,530 million between 2023 and 2033, representing a CAGR of 3.5%.

Fish feed consists of a blend of essential materials, additives, and supplements derived from both natural and synthetic sources, formulated specifically for farmed fish. Supported by the UK Seafood Innovation Fund (SIF), Rare Earth Global—a producer of industrial hemp for sustainable applications—has secured over £260,000 in funding to undertake a two-month evaluation of fish feed quality as part of a broader R&D project. Last year, Scottish salmon farmers explored the feasibility of incorporating hemp seeds into their fish diets.

Globally, fish accounts for approximately 15% of the protein consumed per capita. Its low carbon footprint, high yield efficiency, and distinctive protein profile have driven increased consumption, boosting the demand for fish feed amid a growing shortage of marine-based feed resources.

The fish feed market is a vital segment of the aquaculture industry, which has seen significant growth due to increasing global demand for fish as a primary source of protein. This market encompasses various products designed to provide essential nutrients for the optimal growth and health of fish.

Market Dynamics

Drivers

1. Rising Demand for Seafood: The growing population and changing dietary preferences are driving the demand for fish, prompting the expansion of aquaculture.
2. Aquaculture Growth: With the depletion of wild fish stocks, aquaculture is becoming the primary method of fish production, necessitating high-quality fish feed.
3. Health Consciousness: Increased awareness of the health benefits of fish consumption is pushing demand for sustainably farmed fish.

Challenges

1. Raw Material Scarcity: Dependence on fish meal and fish oil, which are derived from wild fish stocks, poses sustainability challenges and cost fluctuations.
2. Environmental Regulations: Stricter regulations on aquaculture practices and feed formulations can impact production and operational costs.
3. Competition from Alternatives: The emergence of plant-based and alternative protein sources for fish feed may disrupt traditional feed markets.

Fish feed demand may vary depending on consumer preferences for sustainable seafood products and healthy seafood. Aquaculture practices may have to adapt their feed formulations and production methods as consumers become more aware of their environmental and health impacts.

Advances in aquaculture technology, such as automated feeding systems, precision feeding, and data-driven management, could influence the demand for specialized fish feed products in the market. The demand for specific types of fish feed can be affected by the type of fish farmed. Dietary requirements for different species can influence fish feed composition and formulation.

Feed formulations that are more efficient and cost-effective have been the result of ongoing research and development in fish nutrition and feed technology. As farmers pursue improved production outcomes and cost-saving measures, demand will increase.

Sustainable aquaculture practices are becoming increasingly important to minimize environmental impact. The ecological footprint of fish farming operations can be reduced by using feed ingredients that are sourced responsibly.

Different species of fish require different levels of nutrition. Creating specialized feeds to meet the dietary needs of farmed fish, including salmon, tilapia, catfish, shrimp, and carp, is driving the demand for fish feed.

Key Takeaways from the Market Study

• By 2032, the global market for fish feed is predicted to reach US$ 1,58,000 million.
• In 2022, the United States held 25.8% of the global fish feed market.
• According to industry estimates, fish feed demand is expected to rise at an average CAGR of 8% between 2022 and 2032.
• In 2022, the market for fish feed grew by 6.7% in China.
• Towards the end of 2022, Japan was responsible for 4.4% of the global market.
• Germany accounted for 13.1% of the global fish feed market in 2022.
• The fish feed market recorded a CAGR of 1.6% between 2018 and 2022.

“Plant-based fish feed will continue to be popular as the market for sustainable and organic fish feed grows in the market. Intensified fish farming practices and growing awareness of health and nourishing foods to grow the market.” says an FMI analyst.

Competitive Landscape

A growing number of companies are collaborating with other companies and forming strategic partnerships in order to grow their fish feed businesses. A growing number of fish feed market players are investing heavily in research and development, developing new products, expanding their geographical reach, and forming strategic partnerships.

• On April 2023, ICAR-Central Inland Fisheries Research Institute, Barrackpore signed an agreement with Glaucus Agrochem Pvt Ltd for the usage of the floating fish feed “CIFRI Cagegrow”. For a period of five years, ICAR-CIFRI has granted a nonexclusive license for manufacturing and selling its floating fish feed Cagegrow in India. ICAR’s commercial arm, Agrinnovate India Ltd, completed the commercialization process.
• On August 2023, Kerala varsity produced fish feed from organic waste. As part of its experimental fish meal production project, Kerala Fisheries and Ocean Studies University (KUFOS) is using organic waste to produce fish meals. A black soldier fly larvae-based project is being developed to produce the organic waste protein needed for fish feed production.

Know More about What the Fish Feed Market Report Covers

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

To understand opportunities in the fish feed market, the market is segmented based on product type, form, end-use application, and distribution channel industry type across six major regions.

Market Segmentation

Product Type:

• Plant Based
• Fish & Fish Products
• Microorganism

Form:

• Pellet
• Granules
• Flakes
• Sticks
• Powder

End Use Application:

• Commercial
• Household

Distribution Channel:

• B2B
• B2C
  • Store based
  • Online retail

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

The market for vegan flavors is most likely to incline at a CAGR of 4.8% from 2023 to 2033, as per the latest Future Market Insights report. According to the study, the global vegan flavor market is anticipated to reach a valuation of USD 14,406.1 million by 2033, up from USD 9,021 million in 2023.

Growing environmental awareness is influencing consumer food choices, emphasizing the importance of reducing carbon footprints and supporting biodiversity. Vegan flavors are emerging as not only delicious but also ethically and sustainably sourced options.

Vegan snacks like chips, crackers, popcorn, and energy bars can be elevated with bold combinations of spices, herbs, and natural ingredients. For those seeking healthy, ethical, and convenient ready-to-eat meals, vegan options offer a variety of flavorful, sustainable solutions.

The vegan flavor market has seen substantial growth in recent years, fueled by an increasing demand for plant-based products. Consumers are becoming more conscious of their dietary choices, leading to a rise in veganism and flexitarian lifestyles. As a result, manufacturers are innovating to create flavors that cater to this growing demographic.

Market Drivers

1. Health Consciousness: The shift towards healthier eating habits is a significant driver. Consumers are increasingly aware of the health benefits associated with plant-based diets, including lower cholesterol levels and reduced risk of chronic diseases.
2. Sustainability: Environmental concerns are influencing consumer preferences. The production of plant-based flavors typically requires fewer resources than animal-derived options, appealing to eco-conscious consumers.
3. Innovative Flavor Development: Advancements in food technology are enabling the creation of more complex and appealing flavors that mimic traditional animal-based products. This innovation is essential for attracting consumers who are hesitant to fully embrace vegan options.
4. Regulatory Support: Governments and organizations are increasingly promoting plant-based diets as part of public health initiatives. This support is further driving the demand for vegan flavors in various food products.

As animal cruelty and its adverse environmental impact become more widely perceived, key players in the vegan flavor industry benefit from huge market potential. Consumers are making healthy lifestyle choices as a result of increased awareness regarding health and wellness. The popularity of vegan foods and ingredients has increased as a result of this trend. Lactose malabsorption affects around 68% of the global population, as reported by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), resulting in a rise in dairy alternatives, such as vegan milk, cheeses, yogurts, ice creams, and frozen desserts.

In recent years, advances in food science and technology have made it possible for vegan flavors to mirror the taste and texture of their animal-derived counterparts, making them more appealing to a wider range of consumers. Food manufacturers and restaurants have expanded their vegan offerings to cater to the growing demand for vegan flavors, making it easier for consumers to discover and try vegan options. Vegetarianism, veganism, and flexitarianism have gained traction over the past few years, with more people adopting plant-based diets. Therefore, vegan flavors are in high demand in various food and beverage products.

Key Takeaways from the Market Study

• From 2018 to 2022, the vegan flavor market demand expanded at a CAGR of 2%.
• Based on the source segment, the fruit segment accounts for a CAGR of 80.7% market share.
• Based on form, the liquid segment is expected to hold a market share of 59.8%.
• United States to emerge as a promising vegan flavor market, capturing a market share of 26.4%.
• Between 2023 and 2033, the beverage industry is expected to hold a market share of 53.7%.

“Expanding demand for plant-based product and exotic flavors for healthy and ethical consumers to drive demand for vegan flavors,” comments the FMI analyst.

Competitive Landscape

Most of the global vegan flavors market is made up of large-scale international companies and local businesses. Manufacturers of food & beverages are trying to meet their diverse flavor requirements by offering customized flavors. It specializes in vegan flavors, such as organic and natural food products, to meet the needs of vegan food manufacturers. Vegan flavor companies are smaller operations, export more products, and provide vegan flavors.

• In January 2023, Magnum UK expands its vegan ice cream selection with new flavours. A new product line of vegan and minis multipacks will feature Sunlover and Starchaser, two new Double flavors. A milk chocolate and caramelized corn coating coat Starchaser, which includes popcorn, caramel ice cream, and caramel sauce. As opposed to the sunlover, the sunlover is coated in white chocolate and desiccated coconut, and it contains mango and passionfruit sauce beneath.
• In July 2023, two legendary Philadelphia food brands, HipCityVeg, and The Franklin Fountain, join forces to make one of the best vegan ice cream flavors around: HipCityVeg is releasing an exclusive vegan ice cream flavor. HipCityVeg’s Rittenhouse and Suburban Square locations will offer free ice cream on National Ice Cream Day, July 16.

Know More about What the Vegan Flavor Market Report Covers

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

To understand opportunities in the vegan flavor market, the market is segmented based on source, form, application, and sales channel industry type across six major regions.

Vegan Flavor Market Segmentation

By Source:

• Vegetables
• Fruits
• Algae
• Herbs & Spice
• Fusion

By Form:

• Powder
• Blended
• Liquid
• Oil
• Others

By Application:

• Bakery Products
• Confectionery Items
• Dairy & Desserts
• Processed Food
• Beverage Industry
• Dietary Supplements
• Pharmaceutical Industry
• Others

By Sales Channel:

• B2B / HoReCa
• B2C
  • Hypermarkets /Supermarkets
  • Convenience Stores
  • Food Specialty Stores
  • Online Retail
  • Other Retail Formats

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

The CBD gummies market is expected to be worth USD 743.5 million in 2023. CBD gummy sales revenue is expected to reach USD 7,524.5 million by 2033. Between 2023 and 2033, the CAGR will be 26%.

The growth of the CBD market is significantly influenced by its recognized health benefits and favorable regulations governing retail CBD-based products such as oils, gummies, beverages, and more. Increasing awareness about CBD’s diverse benefits—from enhancing cognitive function to addressing skin conditions—has notably boosted its consumption, driving market trends in recent years.

CBD gummies, in particular, have gained popularity due to their health benefits, including effective relief from pain and inflammation, which are key factors fueling their demand in the medical sector. Additionally, their success in managing anxiety, widely supported by both anecdotal evidence and popular culture, is expected to remain a primary driver of increased sales in local markets.

The CBD market has risen rapidly in recent years as people have become more interested in the potential benefits of CBD. CBD gummies are a convenient way to consume CBD, and they are available in a variety of flavours, making them more popular among the general population today.

The CBD market has expanded rapidly in recent years as people have become more interested in the possible benefits of CBD. CBD gummies are a convenient way to absorb CBD and come in a variety of flavours, making them more popular among the general public today.

Canberra was the first city in Australia to legalise personal use, possession, and small-scale cultivation of cannabis. The Therapeutic Goods Administration (TGA) is conducting a safety study of CBD at lower concentrations, based on which Australian health authorities may soon change CBD’s scheduling status and make it available over the counter in low amounts. This started the trend and contributed to a rise in market demand for CBD goods, boosting the global sale of CBD gummies.

There is no such thing as a one-size-fits-all CBD strategy. This is especially true of the various ways of consumption. Some people prefer to smoke CBD oil, while others prefer to take it as a tincture. CBD gummies and other products are becoming more popular as people become more aware of their benefits.

CBD gummies have received a mixed response thus far. Some individuals adore them, while others find them overly sugary or fake in flavour. However, as more individuals experiment with CBD products, the CBD gummy industry is expected to expand.

Key Takeaways from CBD Gummies Market Study

• The overall growth of the global CBD gummies market is estimated to be around US$ 6.5 Billion over the forecast years through 2032, by experiencing the astounding CAGR of 29%.
• On the basis of different product types high CBD concentrated gummies are figured out to have acquired almost 28.2% of the total sales achieved last year.
• For the distribution and sales of CBD gummies the conventional segment is the major contributor by contributing for nearly 54.6% in the last few years.
• North America CBD gummies market leads all the broad geographical regions with United States having a total share of almost 42% in the global market.
• Asia Pacific CBD gummies market is the fastest growing market with recent developments and adoption

Competitive Landscape for the Global CBD Gummies Market

Most companies in the market are focusing on getting certifications from international organizations such as Possession of Certificate of Analysis (COA) to gain a competitive edge. Key companies and brands assessed and profiled in the report for the global CBD Gummies market are:

Growing Americas CV Sciences, Charlotte’s Web, Verma Farms, PureKana, Dixie Brands Inc., Premium Jane, Kushie Bites, Sunday Scaries, Hemp Bombs, Reliva CBD Wellness, etc. And, in Europe some of the prominent market includes CBD Oil Europe, Medterra, Balance CBD, CBDfx, CBD Pure, etc.

Recent Developments in the Global CBD Gummies Market:

To acquire a competitive edge over its rivals, CBD businesses have been putting numerous growth plans into practice, including mergers and acquisitions, the launch of new products, and an increase in manufacturing capacity. For illustration, CV Sciences, Inc. debuted its Happy Lane product line in August of the year 2020.

Key Segments of the CBD Gummies Market

Product Type:

• High CBD Concentrated Gummies
• CBD isolate Gummies
• Broad-spectrum CBD Gummies
• Full-spectrum CBD Gummies

Sale Channel:

• Conventional Distribution Channel
  • Supermarket/ Hypermarket
  • Head shops/
  • Smoke shops
  • Local health stores
  • Others
• Online Retailing

By Packaging:

• Pouches
• Bottles
• Jars
• Tins
• Others

About Future Market Insights (FMI)

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

Contact Us:

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

The poultry feed market is expected to increase from USD 216.5 billion in 2023 to USD 365.6 billion by 2033.

The poultry industry stands out as one of the fastest-growing segments within the global meat sector. Enhancing poultry productivity is crucial to meeting the demands of the world’s increasing population. A survey reveals that in 2020, the Asia Pacific region contributed to two-thirds of the global growth in chicken meat production.

In the United States, poultry meat consumption continues to rise, driven by its convenience and widespread availability.

Meanwhile, strong economic growth in countries like China and India has fueled demand for cattle products. Key factors such as population growth, rising disposable incomes, increased production of broiler chicken feed, and evolving consumer dietary preferences are shaping global poultry meat consumption trends. These dynamics are anticipated to drive significant growth in the poultry feed market during the forecast period.

Increased Use of Online Food Delivery Channels is Contributing to the Growth of the Poultry Business

Farmers feed poultry birds such as ducks, turkeys, chickens, geese, and other domestic birds with poultry feed. Modern feed is created by carefully selecting and combining ingredients to provide a high nutritional diet that maintains the health of poultry birds while also boosting the quality of end products such as meat and eggs. The primary ingredients required by poultry birds for development, reproduction, maintenance, and health include minerals, vitamins, carbohydrates, proteins, and water.

Protein is a vital source of energy for chicken birds, particularly when carbohydrate and fat intake is low. The lack of anti-nutritional substances such as phytic acid, as well as the effect of unrestricted feed intake on the digestive tract of poultry birds, are driving up demand for poultry feed.

The rise in the global population is a critical factor that is likely to fuel the growth of the global poultry feed market. Furthermore, due to their low cost and a movement in customer taste towards white meat rather than red meat, consumption of poultry-based products has expanded dramatically around the world.

Improved awareness of protein intake in daily diet is an important factor in growing global per capita meat consumption. Additionally, rapid economic growth in the Asia Pacific and the Middle East and Africa countries has increased meat production and consumption in these regions, propelling market growth.

The fundamental driver of the poultry feed industry is an increase in demand for poultry meat products. Additional factors driving market growth include increasing industrial livestock production and growing demand for organic feed.

Population and income have a considerable impact on poultry product demand. Packaged poultry feed is expected to evolve more quickly than traditional chicken feed, offering new opportunities for industry participants.

Feed product quality and cost have emerged as two of the most important elements in this market, and suppliers are playing an essential role in the poultry feed business. To keep prices under control, chicken feed businesses are anticipated to increase their involvement in raw material production, which is expected to change market buying processes.

Key Points from the Poultry Feed Market

• The requirement for nutritional feed to avoid poultry diseases, as well as farmers’ embrace of poultry farming as a source of income, is likely to drive the poultry feed market during the forecast period.
• The poultry feed market is expected to capture a CAGR of 5.4% during the forecast period 2023 to 2033.
• Asia Pacific dominated the poultry feed market.

Key Developments in the Poultry Feed Market

• In March 2019, DuPont de Nemours and Company introduced the chicken feed supplement SYNCRA to improve nutrient digestibility in poultry production.
• In September 2018, DSM N.V. and Novozymes released BALANCIUS, a feed enzyme that improves feed efficiency and digestibility in broilers while simultaneously increasing long-term product yield.
• In October 2019, Cargill developed a feeding intelligence platform that provides farmers with materials on the most recent intelligent animal production techniques, intending to assist farmers in navigating and improving their operations across all species, including poultry animals.
• In May 2018, Farmers introduced APOLLO, a new broiler feed brand, to broiler producers in the United Kingdom and Northwest Europe. The new feed line was designed to help modern broiler birds grow and stay healthy.

Poultry Feed Market by Key Segment

By Livestock:

• Layers
• Broilers
• Turkeys

By Nature:

• Conventional
• Organic

By Feed Type:

• Corn
• Wheat
• Barley

By Form:

• Granules
• Pellets
• Powder

By Regional:

• North America
• Europe
• Asia Pacific
• Central & South America
• The Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:

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

The global plant-based yogurt market size is likely to jump from USD 4,489.87 million in 2023 to USD 15,398.39 million by 2033. This projected expansion is anticipated to result from a remarkable 13.1% CAGR in the demand for plant-based yogurt over the upcoming decade.

The plant-based yogurt market, which was until a few years ago thought to be in its infancy, has taken off in part because of flexitarians, who alternate between eating dairy and non-dairy products. Given the rising popularity of plant-based diets, the plant-based yogurt market has developed. Different plant-based diets have become more popular around the globe. Plant-based yogurt has emerged as a new option to follow sustainable dietary habits. Because of its nutritional advantages, plant-based yogurt is becoming gradually popular in place of traditional dairy yogurt. Dairy products are being consumed less frequently globally as a result of their declining shine.

One of the primary variables influencing the health advantages of plant-based yogurt is the frequency of diseases brought on by lactose intolerance. Demand for plant-based yogurt is also largely driven by the nutritional advantages of lowering the likelihood of cardiovascular disease. The popularity has been heightened by the growing trend of fortifying plant-based yogurt with nutrients. Plant-based yogurt that has been enriched with omega-3 fatty acids is one example. Health professionals are praising the several advantages of eating plant-based cultured yogurt.

The texture and consistency of plant-based yogurt products, however, are equivalent to those of traditional dairy products. Grain, seeds, and nuts are a few of the typical plant-based ingredients utilized in yogurt production. Soy, almond, hemp, oats, and coconut are a few of the popular ones. Inconvenience and specialized stores throughout the world, plant-based yogurt options are becoming more readily available. These yogurts taste much better now and have more flavor options than ever before.

Consumption of environmentally friendly food items is the primary promotional concept that plant-based yogurt supports. The adoption of plant-based diets has increased as a result of this tendency. Food manufacturers in the plant-based yogurt sector have discovered a vast opportunity in products like these to demonstrate that they are concerned about the environmental impact of packaged foods. It is reasonable to conclude that beverages and yogurt made from plants are a developing market.

Key Takeaways from the Plant-based Yogurt Market

• In 2022, the global plant-based yogurt market size stood at US$ 4,018.11 million.
• The United States is leading the plant-based yogurt industry with a 20.8% global market share in 2023.
• In 2023, Germany’s plant-based yogurt industry tracks the United States, holding a 5.7% global market share.
• China emerged as a prominent player in the Asia Pacific plant-based yogurt industry, capturing a 5.6% global market share in 2023.
• In 2023, Australia possesses a modest 5.2% portion of the global plant-based yogurt industry.
• Japan’s plant-based yogurt industry secures a market share of 3.8% in 2023.

“For plant-based products in general and plant-based yogurt in particular, North America and Europe remain particularly attractive markets. These two regions have seen a significant rise in individuals adopting vegetarian and vegan lifestyles. Nevertheless, changing trends are encouraging expansion throughout the Asia Pacific. The cultural acceptance of plant-based foods in certain countries is likely to contribute to a favorable environment for growth.” according to Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Players and Strategies for Success in the Plant-based Yogurt Market

In the plant-based yogurt market, leading players are adopting key strategies for success. They prioritize innovation, crafting a wide array of flavorful options to entice consumers. Key market participants are heavily concentrating on expanding their consumer base through joint ventures or collaboration with other industry partners.

Top Brands in the Plant-based Yogurt Market

• Callifia
• Chobani
• Forager
• Good Plants
• Good Karma
• Kite Hill
• LAVVA
• Nancy’s
• Silk
• So Delicious

Recent Developments in the Plant-based Yogurt Market

• In April 2022, a powerful plant-based yogurt base was introduced by MISTA, a San Francisco-based development system, as its initial member-created item. Customers can grab the plant-based yogurt base in the United States, Europe, and certain locations in Latin America.
• In November 2021, Plant Veda, a renowned producer of dairy alternatives, confirmed the launch of “Plant Gurt,” a new plant-based yogurt that includes millions of active probiotics and can be mixed with smoothies or morning cereals.

Plant-based Yogurt Market Segmentation

By Nature:

• Conventional
• Organic

By Product Type:

• Cereal Type
• Oat
  • Rice
  • Corn
  • Spelt
• Legume
  • Soy
  • Pea
  • Peanut
  • Lupin
  • Chick Pea
• Nut
  • Almond
  • Coconut
  • Hazelnut
  • Pistachio
  • Walnut
  • Cashew
  • Pili Nut
• Seed
  • Sesame
  • Flax
  • Hemp
  • Sunflower
• Pseudo Cereal
  • Quinoa
  • Teff
  • Amarnath
  • Cassava

By Flavor:

• Regular
• Vanilla
• Strawberry
• Blueberry
• Cherry
• Peach
• Raspberry
• Coconut
• Coffee
• Others

By Price Range:

• Economic
• Mid-Range
• Premium

By Sales Channel:

• Food Service
• Retail
• Modern Trade
• Convenience Stores
• Specialty Stores
• Discounters
• Independent Small Groceries
• E-commerce
• Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million.

An increasing number of skincare products targeting acne and wrinkles now feature cannabidiol (CBD) oil. For example, Sephora has recently expanded its offerings by launching a line of CBD-infused beauty products in its stores.

Similarly, Ulta Beauty is preparing to roll out a collection of CBD-based products. Additionally, several emerging brands are entering the growing market for CBD-infused cosmetics.

The primary reasons propelling the market’s growth include rising demand and expanding legalization of cannabis, emerging applications of cannabis in cancer treatment, and the health advantages provided by products infused with cannabis. In the upcoming years, there are likely to be considerable development prospects for market participants due to the inclusion of cannabis in pet food and the rising demand for beverages with cannabis flavoring.

Cannabis is also the illicit substance that is grown, transported, and misused the most extensively worldwide. Broad cannabis use, both for recreational and therapeutic purposes, has received increasing acceptability across the United States, as indicated by legislative actions, ballot measures, and public opinion polls. In particular, a recent Quinnipiac University poll found that 55% of the United States people surveyed supported cannabis legalization without any new restrictions. Comparatively, 82% of survey participants supported the decriminalization of cannabis for medical use. Demand will progressively rise as legalization continues to spread globally, boosting the expansion of the CBD-infused products market as a whole.

Competitive Background:

The key players operating in the CBD oil 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 CBD oil market. As a result, market participants are likely to have a better overall revenue share in the global CBD oil market.

Key Takeaways:

• The CBD oil market is anticipated to reach a valuation of US$ 389 million in 2023.
• The high efficacy of CBD produced from hemp for various medical uses, including developing a therapy for Parkinson’s disease, is what drives demand for this market.
• The CBD oil market is predicted to record a CAGR of 31% through 2033.
• The CBD oil market is expected to surpass US$ 5,980.6 million by 2033.
• The CBD oil for pets market is being driven by entrepreneurs who are focusing on developing lotions, skin care, pet care, and textile products using cannabidiol.

Significant Players in the Market Include:

• CV Sciences
• Medical Marijuana
• Aurora Cannabis
• Canopy Growth Corporation
• Canntrust
• Tilray
• Kazmira LLC

As the CBD oil market is in a nascent stage, market players are focusing on gaining maximum share by expanding their product portfolio through new product launches.

Recent Developments:

• CV Sciences Inc. launched “Plus CBD Gummies” at Natural Product Expo East 2018. These gummies are available in citrus punch and cherry mango flavors. These products comply with strict regulatory standards and are gluten-free and vegan-friendly.
• One Leaf, one of the top face mask manufacturers in China, has started executing social media and online marketplace promotional efforts for its CBD products.

Key Segments Covered in CBD oil Market Study

Product Type:

• Hemp Oil
• Marijuana Oil

Application:

• Pharmaceuticals
• Food & Beverages
  • Gummies
  • Chewing Gums
  • Chocolate bars
  • Candies
  • Beverages
  • Dairy Products
  • Bakery Products
  • Snacks
• Cosmetics
• Others

Distribution Channel:

• Direct/B2B
• Indirect/B2C
• Hospital Pharmacy
• Retail Pharmacy
• Hypermarkets/Supermarkets
• Convenience Store
• Online Retail
• Others

Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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