Revivable Yeast Market: Strategic Trends and Growth Projections for 2034

Picture background

The global revivable yeast market, valued at USD 36.3 million in 2021, saw a demand surge of 11.2% in 2023, reaching an estimated USD 49.9 million in 2024. From 2024 to 2034, the market is projected to grow at a CAGR of 11.1%, achieving a size of USD 143.0 million by the end of the forecast period.

The revivable yeast market is experiencing a resurgence as innovative applications emerge. These resilient microorganisms play a pivotal role in various industries. In biotechnology, revivable yeast strains are harnessed for biofuel production, reducing carbon emissions. The food and beverage sector benefits from their ability to enhance fermentation processes, leading to improved product consistency and taste.

Prominent Drivers of the Revivable Yeast Market

  1. Growing Demand for Functional Foods: The increasing consumer awareness about health and wellness has fueled the demand for functional foods that provide additional health benefits beyond basic nutrition. Revivable yeast, known for its probiotic and nutritional benefits, is increasingly being incorporated into dietary supplements and functional food products.
  2. Rising Popularity of Vegan and Vegetarian Diets: As more individuals adopt vegan and vegetarian lifestyles, the need for plant-based nutritional supplements has grown. Revivable yeast, often used as a source of B vitamins and protein, is a popular choice among these dietary groups for its nutritional profile.
  3. Advancements in Biotechnology: Innovations in biotechnology and fermentation processes have led to the development of more efficient and cost-effective methods for producing revivable yeast. This has improved product quality and increased its availability in the market.
  4. Increased Focus on Immune Health: The heightened focus on immune health, driven by global health concerns and increased health consciousness, has led to a surge in the demand for products that support immune function. Revivable yeast is known for its immune-boosting properties, which enhances its appeal in the market.
  5. Expansion of the Food and Beverage Industry: The growth of the food and beverage industry, with a particular emphasis on healthier and more natural ingredients, has driven the use of revivable yeast in various products. Its application in bakery products, snacks, and beverages contributes to market growth.
  6. Rising Interest in Personalized Nutrition: As personalized nutrition becomes more prevalent, consumers are seeking tailored dietary solutions that meet their specific health needs. Revivable yeast, with its customizable benefits, is increasingly being used to cater to these individualized nutritional requirements.
  7. Increasing Research and Development Investments: Investment in research and development (R&D) has led to a deeper understanding of the benefits and applications of revivable yeast. This has resulted in the development of new products and applications, expanding its market potential.

Various chemicals and additives are used in the food products which can cause food poisoning and multiple allergies due to which consumers prefer natural, organic and gluten-free food products. Health awareness is increasing among consumers due to which they are inclining towards gluten-free, fat-free, sugar-free and salt-free but high energy food products.

The availability of the revivable yeast based products is increasing in the modern trade, convenience stores and online retail. Due to the increasing availability of revivable yeast the usage of revivable yeast as ingredient is rising globally. Due to high nutritional properties the consumption of revivable yeast is increasing by health-conscious consumers.

Some of the most renowned manufacturers of revivable yeast in the market are located in the developed countries from North America and Europe. Leading brands are sold via traditional store-based retailing in these countries, and are easily available to consumers.

Instagram and Twitter are among social media websites that are creating a positive perception about revivable yeast products. Food influencers are posting new recipes that use revivable yeast and promoting other products related to revivable yeast such as inactive dried yeast. As revivable yeast, which has an amazing revitalizing and rejuvenating effect on the skin and nail, it is gaining attention from consumers on social networking sites. Increasing usage of smart phones and other smart electronic gadgets influences the consumers in the developed regions and creates awareness of benefits of using revivable yeast for skin care and nail care.

Who is winning?

Multiple leading manufacturers of revivable yeast are focusing on mergers and acquisition to expand its geographical presence. Leading players acquiring small size companies of revivable yeast to strengthen their product portfolio.

  • In 2016, acquired Lage y Cía acquired by Lallemand Inc. The objective of the acquisition was to improve the geographical reach and strengthen its research and development activities related to yeast products.
  • In 2018, Alltech’s yeast extract facility in Serbia is acquired by Lesaffre. Lesaffre acquired Alltech’s to increase its production capacity of nutritional and health products.

Leading Brands

  • Lallemand
  • Lesaffre
  • Bioforce Canada
  • Bob’s Red Mill Natural Foods
  • Quantum Nutrition Lab
  • Angel Yeast Company
  • Cypress Ingredients
  • Alltech
  • NOW Foods
  • Kadac
  • Others

Key Segments of the Report

By Form:

As per form, the industry has been categorized into powder, tablet, and capsule.

By Nature:

As per nature, the industry has been categorized into organic, and conventional.

By Sales Channel:

This segment is further categorized into B2B, and B2C (modern trade, specialty store, convenience store, online retail, and other sales channels).

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and 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.

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

Contact FMI:
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

Clean Label Ingredients Market to Reach USD 169 Billion by 2033 with 16.2% CAGR Growth

Clean Label Ingredients Market

The global clean label ingredients market is anticipated to reach a valuation of USD 44,080.0 million in 2023, driven by clean label in supplements and nutraceuticals. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 16.2% between 2023 and 2033, and reaching a total valuation of approximately USD 169,024.9 million by 2033.

One of the major factors contributing to the growth of the clean label ingredients market is the rising concerns regarding food allergies and intolerances, which have led to the demand for clean label products that avoid common allergens or clearly label their presence.

Clean label extends to beverages, including natural colorings, flavors, and the removal of artificial additives and preservatives in juices, sodas, and sports drinks. Clean label products often feature reduced sugar and salt content, aligning with consumer preferences for healthier options.

Clean label trends are influencing not only ingredients but also packaging, with consumers favoring eco-friendly and minimalistic packaging. The demand for clean label convenience foods, including ready meals and frozen foods, is on the rise, driven by busy lifestyles and health-conscious choices.

The clean label ingredients are making their way into bakery products, leading to the development of healthier and more natural bread, pastries, and snacks. Clean label sauces, condiments, and salad dressings are replacing artificial additives with natural ingredients, appealing to health-conscious consumers.

The incorporation of clean label ingredients into functional foods and beverages, such as probiotics and fortified products, presents an opportunity for innovation and market growth. The foodservice industry can explore opportunities to offer clean label menu items and cater to consumers seeking healthier dining options.

Key Takeaways from the Market Study

  • Global clean label ingredients market was valued at US$ 38,000.0 million by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 20.7%.
  • The market in China held a market share of 11.0% in 2022.
  • By form, the dry segment held a market share of 62.0% in 2022.
  • From 2023 to 2033, clean label ingredients market is expected to flourish at a CAGR of 16.2%.
  • By 2033, the market value of clean label ingredients is expected to reach US$ 169,024.9 million.

The snack bar category can innovate with clean label ingredients, targeting consumers looking for nutritious and convenient on-the-go snacks, remarks an FMI analyst.

Competitive Landscape

Prominent players in the clean label ingredients market are Cargill, Ingredion Incorporated, Koninklijke DSM N.V., E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, Kerry Group PLC., Tate & Lyle PLC., Daikin America, Fluoryx, Wilshire Technologies, and TCI Chemicals, among others.

Recent Developments:

  • In 2023, Cargill announced the launch of its new line of clean label ingredients, Cargill Clean Label. Cargill Clean Label ingredients are designed to help food and beverage manufacturers produce clean label products that are also delicious and nutritious.
  • In 2022, Kerry Group plc announced the acquisition of Niacet Corporation, a leading producer of natural food ingredients. The acquisition gives Kerry Group access to Niacet Corporation’s portfolio of clean label ingredients, which will allow Kerry Group to expand its clean label ingredient offerings.
  • In 2021, Ingredion announced the launch of its new line of clean label ingredients, Ingredion NOVATION® Pulse. Ingredion NOVATION® Pulse ingredients are designed to help food and beverage manufacturers produce clean label products that are also plant-based.
  • In the same year, ADM announced the launch of its new line of clean label ingredients, ADM Naturally Simple Colors. ADM Naturally Simple Colors are natural colors that can be used in a variety of food and beverage products.

More Valuable Insights Available

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

To understand opportunities in the clean label ingredients market, the market is segmented on the basis of type (natural colors, natural flavors, fruit & vegetable ingredients, starch & sweeteners, flours, malt, natural preservatives, fermentation ingredients, oils & shortenings, and emulsifiers), application (dry form products, cereals & snacks, bakery products, beverages, prepared food/ready meals & processed foods, dairy & frozen desserts, and others), and form (dry, and liquid), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Segmentation Analysis of the Clean Label Ingredients Market

Type:

  • Natural Colors
  • Natural Flavors
  • Fruit & Vegetable Ingredients
  • Starch & Sweeteners
  • Flours
  • Malt
  • Natural Preservatives
  • Fermentation Ingredients
  • Oils & Shortenings
  • Emulsifiers

Application:

  • Dry Form Products
  • Cereals & Snacks
  • Bakery Products
  • Beverages
  • Prepared Food/Ready Meals & Processed Foods
  • Dairy & Frozen Desserts
  • Others

Form:

  • Dry
  • Liquid

Region:

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

About Future Market Insights (FMI)

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

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

Contact FMI:
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

Frozen Bakery Market Valued at USD 85.97 Billion by 2033: Industry Outlook

Frozen Bakery Industry

The frozen bakery market is anticipated to expand its roots at a steady CAGR of 6.5% between 2023 and 2033. The market is anticipated to cross a market share of USD 85.97 billion by 2033 while it is likely to be valued at USD 45.8 billion in 2023.

The frozen bakery market is witnessing growth driven by the expansion of bakeries and the recovery of the hotel and restaurant industry. Rising demand for ready-to-eat meals, fueled by changing lifestyles and evolving corporate culture, is also shaping market dynamics.

  • The restoration of the bakery industry along with the young population choosing ready-to-eat food products are adding value to the market growth. Furthermore, the higher number of bakeries renovating, applying latest bakery products and tools are fueling the demand for frozen bakery products.
  • The rising popularity of gluten-free, organic bakery superfoods have gained traction for the market. New vendors experimenting with bakery items such as bread, dough, and toppings is also attracting their consumer base, expanding the industry across regions.
  • Bakery giants or big companies that uses bakery products such as McDonalds, Domino’s Pizza, and Pizza Hut are investing in Asian economies such as India and China while promoting the growth prospects.
  • New cafe culture along with new concepts like burger cafe, and pizza cafe is experimenting with their menu, using new organic, gluten-free, healthy sides. Brands reach up to frozen bakery products with higher shelf life and enhanced quality & texture.

Key Points

  1. The United States market leads the frozen bakery market in terms of market share in North America. The growth in this region is promoted by the advanced food options, expanding corporate food culture along with the higher penetration of ready-made items.
  2. The United Kingdom frozen bakery market is another significant market from the European region. Europe packaged bakery items are famous for its authenticity, taste, and texture. This helps the market gain traction through all the countries across the region.
  3. The Japanese frozen bakery market is anticipated to thrive at a healthy CAGR during the forecast period. Asia Pacific region is witnessing higher foreign investment, a higher impact of western food culture on a large population and increased per capita income.
  4. The fully baked product type is leading the segment with a CAGR of 7.5% between 2023 and 2033. It’s due to its higher consumption, and easy-to-use prospects.
  5. Based on sales channel, the online segment thrives at a CAGR of 6% during the forecast period. It is due to the higher penetration of e-commerce platforms and easy shipping options.

The frozen bakery industry has experienced notable growth in recent years, driven by several prominent factors. Here are some key drivers:

  1. Convenience and Time-Saving: One of the primary drivers is the increasing demand for convenience foods. Frozen bakery products offer the advantage of longer shelf life and quick preparation, catering to busy lifestyles and the growing trend of on-the-go eating.
  2. Innovation and Product Variety: The industry has seen significant innovation in product offerings, including a wide range of flavors, types, and dietary options (gluten-free, organic, etc.). This variety appeals to diverse consumer preferences and expands market opportunities.
  3. Expansion of Retail Channels: The growth of retail channels, particularly supermarkets and convenience stores, has facilitated easier access to frozen bakery products. Enhanced distribution networks and the rise of online grocery shopping also contribute to the industry’s expansion.
  4. Rising Disposable Incomes: Increasing disposable incomes and changing consumer spending patterns have led to higher expenditure on premium and specialty bakery products, including those that are frozen.
  5. Advancements in Freezing Technology: Improvements in freezing technology and processes have enhanced the quality and shelf life of frozen bakery products. This has led to better preservation of taste, texture, and nutritional value, making frozen options more attractive.
  6. Consumer Trends and Preferences: There is a growing trend towards convenient, ready-to-eat, and pre-prepared foods. Consumers’ preference for bakery products that require minimal preparation aligns well with the offerings of the frozen bakery industry.
  7. Health and Wellness Trends: Increased awareness of health and wellness has led to the development of healthier frozen bakery options. This includes products with reduced sugar, whole grains, and other nutritional benefits, catering to health-conscious consumers.

Competitive Landscape

The key vendors work on experimenting with dough, breads, and sides. Alongside this, the increased shelf life with sustained quality and texture is something vendors work on.  Key competitors and also merge, acquiring, and partnering with other companies to increase their supply chain, and distribution channel.

The key players in the market are Albany Molecular Research Inc.; General Mills, Europastry, Comapan, Rich Products Corporation, Canada Bread Company, Don Maiz SAS, Patagonia Artisan Bakers, Vandemoortele, Aryzta AG, Kellogg Company, Conagra Brands, Associated British Food, and Dr. Oetker

Recent Market Developments

  • Oetker has introduced its new frozen bakery products such as frozen pizza, frozen mini cakes, and easy-made waffles. Furthermore, it has also revised the cake decoration, cake mixes, and has extended their boundaries with a new brand named “My sweet Table”.
  • Conagra Brands, under its ready set eat product range has introduced one-dish dinners and other bakery products such as frozen dough, pizza, and sides.

Market Segmentation

Recipe Outlook:

  • Bread
  • Viennoiserie
  • Patisserie
  • Savory Snacks

Product Outlook:

  • Ready-to-prove
  • Ready-to-bake
  • Fully Baked

End User Outlook:

  • Convenience Stores
  • Hypermarkets & Supermarkets
  • Artisans Bakers
  • Hotels, Restaurants, and Catering (HORECA)
  • Bakery Chains
  • Online Channels

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.

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

Contact FMI:
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

Residue Testing Services Market to Reach USD 2 Billion by 2032, Highlights FMI Report

Residue Testing Services Market

The residue testing services market research report from Future Market Insights estimates that in 2032, the market will have a net worth of almost USD 1.4 billion. The market for residue testing services is anticipated to expand at a CAGR of 4.1% during the anticipated time frame and will be worth USD 2 Billion by 2032.

The global residual testing market was valued at USD 3.5 Billion in 2019. The market is forecast to rise at a CAGR of 6.9% between 2019 and 2030. Regionally, Europe held the largest share in the global market. However during the forecast period, East and South Asia are expected to report growth at a higher CAGR. In terms of application, the market can be classified into feed and pet food, agricultural crops and food and beverages. Of these, the food and beverages industry accounted for the largest share in the global market.

It includes in-depth insights into the residue testing market. Some of these are:

  • The estimated value of the market was at US$ 3.5 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, Europe emerged as a key market for residue testing.
  • However, the market in Asia Pacific is expected to rise at a higher rate of growth.
  • Among application-based segments, food and beverages industry is currently leading the market.
  • Key players are likely to focus on research and development and technological advancements to stay strong in the market.

As consumers grow increasingly concerned about their health and wellbeing, the demand for specialist diets will increase. In addition to this, the food and beverages sector has witnessed a remarkable spike in the demand for packages foods in the last couple of years. Urbanization and busy lifestyle have been key influencers of consumers’ eating habits, and also have paved the way for expansion of the food industry. This is expected to have a positive impact on the residue testing market.

Stringent Regulations Imposed to Ascertain Food Safety will Drive Growth

Stringent food and safety regulations imposed to curb food contamination and ensure better food safety will drive the residue testing market. In addition to this, food processing industries are using advanced technologies to cohere to food safety policies. This will have a positive impact on the overall market. For instance, chromatography is one of the most used techniques to test presence of any residue in food. Besides this, the food industry is now using various technologies to find contaminants in food which could be allergens, toxins, pathogens, pesticides, heavy metals and any other residue.

Several countries have these regulations implemented to regulate the use of harmful pesticides, for instance, in Europe and North America the use of pesticides is highly regulated. These regions therefore lucrative growth opportunities for the residue testing market.

Who is Winning?

Some of the leading players operating in the residue testing market are Microbac Laboratories, Inc., EUROLAB, Centers for Disease Control and Prevention (CDC), AsureQuality Laboratories, VICAM LP, Neogen Corporation, IDEXX Laboratories Inc., Charm Sciences Inc., Bureau Veritas S.A., Intertek Group plc., Silliker Inc., Eurofins Scientific, ALS Limited among others.

As a result of increasing competition, leading are focusing on advanced technologies and research and development activities. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Residue Testing Market

Future Market Insights, in its new report, presents an unbiased analysis of the global residue testing market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market can be classified into pesticide residues, toxins, heavy metals, food allergens and others. Based on technology, the market can be segmented into chromatography, spectroscopy, immunoassay and others. On the basis of application, the market covers feed and pet food, agricultural crops and food and beverages. Regionally, the key segments of the market are North America, Latin America, Europe, Japan, APEJ, Oceania, and the Middle East and Africa.

Residue Testing Services Market by Category

By Product Type:

  • Pesticides
  • Toxins
  • Allergens
  • Heavy Metals
  • Others

By Technology:

  • Chromatography based (HPCL, GC, LC, LC-MS/MS)
  • Immunoassay
  • Spectroscopy
  • Other technologies (PCR and other rapid technologies)

By Application:

  • Feed & Pet food
  • Dairy
  • Processed Foods
  • Nuts, seeds and spices
  • Agricultural Crops
  • Food & Beverages
  • Meat & Poultry
  • Cereals, grains, & pulses

By Region:

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

About Future Market Insights (FMI)

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

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

Contact FMI:
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

Fertility Supplements Market Forecast: 8.3% CAGR Growth by 2031 Driven by Shifting Family Planning Trends | FMI

Fertility Supplements Market

In the quest for parenthood, many individuals and couples turn to the flourishing fertility supplements market. As the journey towards conception becomes increasingly personalized, this industry is evolving to meet the unique needs and desires of those striving to expand their families.

Fertility supplements support increased fertility rates, healthy pregnancies, and improved deliveries by enhancing ovulation and hormonal balance. As infertility affects both men and women of childbearing age, many are adopting preventative healthcare measures, including fertility supplements, driving market growth.

Fertility supplements come in various forms, from traditional vitamins and minerals to innovative blends of herbs and antioxidants. These products aim to support reproductive health, optimize hormone balance, and enhance overall fertility.

According to recently disclosed data from the fertility supplement industry that FMI has evaluated, the market for fertility supplements grew by year over year (YoY) 8.3% in 2021 to reach 243,820 MT. The market for fertility supplements is anticipated to grow rapidly, with a CAGR of 8.3%, to reach USD 4,382 Million in 2031.

Fertility supplements business research performed by FMI covers crucial findings such as the latest developments by key producers and projected production capacity, the current pricing of various levels of the supply chain, and price optimization plan across the value chain, as well as an economic evaluation of fertility supplements manufacturing.

In this dynamic market, innovation knows no bounds. With a growing emphasis on inclusivity and accessibility, fertility supplements are becoming more affordable and available to a broader audience. As technology and research advance, we can expect further breakthroughs and offerings, ensuring a brighter future for those seeking to fulfill their dreams of parenthood.

The report discusses some of the more crucial factors chalking the market’s growth trajectory. It makes observation on prevailing trends and gauges the impact of the same on the overall market. This observation is supported by relevant data, graphs, infograph and expert opinions to offer a holistic study on the global fertility supplements market.

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

  • The estimated value of the market was at US$ 1.47 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America is the largest market for fertility supplements in the world.
  • Asia Pacific follows closely, emerging as second-leading regional market.
  • Through the course of the forecast period, the APEJ market is expected to report growth at the highest pace.
  • In terms of ingredient, consumers seem to prefer natural ones more than the rest.

Rising Awareness about Importance Overall Well-being among Consumers is Enabling Growth

Lifestyle prevalent today does more harm to common man than ever before. According to the American Society for Reproductive Medicine, a considerable section of both men and women of reproductive age in the U.S. smoke cigarettes. Cigarette smoking has harmful impact on the overall health and wellbeing of an individual.

It also may adversely impact their fertility. Even the latest technologies might find it difficult to help a women conceive if she is exposed to excessive smoking. A rising awareness about the ongoing situation, coupled with information on potential cures will favour the expansion of the fertility supplements market.

The same factor, which is rising degree of awareness, is likely to pave the way for the market’s growth in emerging economies as well.

Who is Winning?

Some of the leading players operating in the fertility supplements market are

  • Fertility Nutraceuticals LLC
  • Exeltis USA, Inc.
  • TTK HealthCare Ltd.
  • PregPrep LLC
  • Orthomol pharmazeutische Vertriebs GmbH
  • Active Bio Life Science GmbH
  • Fairhaven Health, LLC
  • Lenus Pharma GesmbH
  • ZenithNutrition, and INVO Bioscience.

As a result of increasing competition, leading manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies include investment in research and development activities and product launches. These companies are particularly focusing on catering to changing consumer preference across various nations.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into the Fertility Supplements Market

Future Market Insights, in its new report, presents an unbiased analysis of the global fertility supplements market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of ingredient, the market can be categorized into natural, synthetic and blend.

On the basis of product, the market covers capsules, powders, soft gels, liquid and others. Men and women make the key end users in the market. Based on distribution channel, the market can be bifurcated into prescribed and over the counter. Regionally, the market can be segmented into North America, Europe, Latin America, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.

Market Segments Covered in Fertility Supplements Industry Analysis

By Type :

  • Capsules
  • Soft gels
  • Powders
  • Liquids
  • Others

By Form :

  • Natural
  • Synthetic
  • Blend

By End User :

  • Men
  • Women

By Sales Channel :

  • Over the counter
  • Prescribed

Region :

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

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

Contact FMI:
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

Concentrated Milk Fat Market Poised for 7.9% CAGR Growth by 2033, Says FMI

Concentrated Milk Fat

The concentrated milk fat market is anticipated to flourish at a strong CAGR of 7.9% between 2023 and 2033. The market is expected to hold a market share of USD 9,651.8 million by 2033 while it is likely to reach a value of USD 4,501.0 billion in 2023. The ability to provide a longer shelf-life, along with a low cost, and other factors are expected to increase the sales of the concentrated milk fat market during the forecast period.

The global demand for concentrated milk fat is rapidly growing, driven by its use in condensed milk products with extended shelf life and minimal preservation needs. Known as anhydrous milk fats, they are created by removing water and non-fat particles from milk, resulting in a product that is cost-effective, easy to transport, and ideal for bulk storage. Additionally, their role in enhancing texture and flavor across applications further boosts market growth.

Concentrated milk fat, also referred to as anhydrous milk fat (AMF), is obtained by eliminating the water and non-fat fragments from milk, resulting in a highly concentrated form of milk fat. Given that concentrated milk fats contain less moisture, they can be retained at room temperature for several months, resulting in a longer lifespan, bulk storage, and quicker transportation, decreasing the overall cost.

Owing to the extended shelf-life of concentrated milk fats, in comparison to milk and cream, it finds extensive use in the food and beverage industry. In food processing, bakery, confectionery, and dairy products concentrated milk fat is used as a primary ingredient in the production of chocolates, ice creams, pastries, and other such dairy-based products. Moreover, concentrated milk fats enhance the flavor and texture in these products driving the market toward growth.

Organic milk fat concentrates are in plentiful demand due to the increasing acceptance of organic products as safer and healthier substitutes. Innovative goods such as whipped milk fat concentrate for easy incorporation and high melting point to withstand high-pressure situations have encouraged market expansion.

The popularity of concentrated milk fat is limited and with the surge in the health consciousness among consumers regarding the benefits of low fat and healthier alternatives to concentrated milk fat, consumers are opting for low-fat healthier substitutes. Despite this roadblock, many manufacturers are utilizing this as an opportunity to expand their business and develop low-fat concentrated milk fat products to cater to the changing consumer demand.

In the ever-evolving world of dairy products, concentrated milk fat has carved out a niche for itself as a versatile and indulgent ingredient. This niche market is witnessing a surge in popularity as consumers seek new tastes and textures to elevate their culinary experiences.

🥛 The Creamy Revolution: Concentrated milk fat, also known as anhydrous milk fat (AMF), offers a concentrated source of the creamy richness found in milk. With its unique ability to enhance the flavor and texture of a wide range of foods, it has become a favorite among chefs and food manufacturers.

🍰 Baking Brilliance: In the world of baking, concentrated milk fat is a game-changer. Its higher fat content and reduced water content lead to flakier pastries, more tender cakes, and richer cookies. Bakers are embracing it for that melt-in-your-mouth goodness.

🍨 Dessert Delights: Ice cream enthusiasts are in for a treat with concentrated milk fat. It imparts a velvety smoothness and luxurious mouthfeel that’s hard to replicate with regular dairy products. The result? Unforgettable frozen desserts.

🧀 Cheese Excellence: Cheese aficionados are also singing the praises of concentrated milk fat. It contributes to the creamy texture and robust flavor profiles of premium cheeses, making it an essential ingredient for artisanal cheese makers.

🌍 Global Demand: The concentrated milk fat market is expanding globally. As consumers around the world develop a taste for high-quality dairy products, AMF is making its way into international kitchens and food processing facilities.

Market Takeaways at a Glance

  • The United States market for concentrated milk fat is driven by the increasing demand for premium dairy products and the presence of several key players. This results in the United States to dominate the global concentrated milk fat market with a share of 16.9%
  • The market in India is expected to mature owing to its strong dairy tradition. The region is expected to experience strong growth with a CAGR of 9.8% in the forecast period.
  • The United Kingdom represents a high potential market for concentrated milk fat, mainly driven by the expansion in the bakery and confectionery industry. It is anticipated to grow at a CAGR of 8.7% through 2033.
  • The China market offers an untapped growth potential with an expected CAGR of 5.7% in the projected period owing to the rapid urbanization and growing opportunities in the food and beverage industry.

Competition in the Market

The global concentrated milk fat industry is fragmented, with many domestic as well as international businesses vying for market dominance. Companies tend to concentrate on new product launches with natural or organic claims as their major marketing method because of evolving consumer food patterns and adequate milk supply. Such efforts have paved an opportunity for players in the market to expand their business and client base. With the increased demand for concentrated milk fat in the global industry, market players in the concentrated milk fat market are projected to benefit from enticing potential for expansion in the future.

Market Changes and Developments in 2023

  • Darigold, Inc., Seattle in July 2023, joined the Global Dairy Trade (GDT) platform by completing its first product offering of two skim milk powder products and one buttermilk powder product. Darigold is a Seattle -based farmer owned co-op that is looking to leverage its proximity to global shipping infrastructure, and this was an opportunity for Darigold to expand its market and increase its consumer base.
  • FrieslandCampina signed a 4-year agreement with Mondelēz International in June 2023 to work on reducing the carbon footprint and decreasing the emissions of greenhouse gases of milk by 14% in 2025 as compared to that in 2019. The motive of the partnership was seen as an attempt to establish a relationship to increase consumer base and also to accelerate carbon reduction.

Concentrated Milk Fat Market by Category

Nature:

  • Conventional
  • Organic

Application:

  • Soups & Sauces
  • Bakery & Confectionery
  • Dairy Products
  • Others

Form:

  • Liquid
  • Dry

Distribution Channel:

  • Direct Sales/ B2B
  • Indirect Sales/ B2C

By Region:

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

About Future Market Insights (FMI)

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

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

Contact FMI:
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

Global Ready-to-Drink Shakes Market to Exceed USD 22.7 Billion by 2032, Reports FMI

Ready-to-Drink Shakes Market

The global ready-to-drink shakes market is set to witness growth at a CAGR of 7.5% and is anticipated to reach a valuation of around USD 22.7 Billion by 2032. The rise in health consciousness among customers is credited with the market’s expansion. The industry has also been fueled by the rising popularity of ready-to-drink (RTD) shakes, particularly among fitness fanatics and millennials.

Ready-to-drink shakes are convenient, pre-made beverages that require no preparation and are perfect for on-the-go lifestyles. They cater to the modern working generation by offering portability, innovative packaging, and unique ingredient options for added appeal.

To manage stress, weight, and exhaustion, the majority of millennials consume ready-to-drink beverages. It has been discovered that their heavy use of digital devices is forcing people to pay attention to their eye health. To attract more millennials, The Chill Group Inc. created stress-relieving ready-to-drink shakes in flavors such as zero ginger, tropical, rio berry, and Jamaican citrus.

Tran Quini, a different producer, specializes in stress-relieving beverages. Protein shakes are becoming more popular among millennials, according to research. Consumers are increasingly choosing protein drinks over milkshakes due to rising lactose sensitivity. Nature’s Best’s isopure zero carb protein drink is a popular health beverage.

Furthermore, the demand for ready-to-drink shakes has increased due to an increase in disposable income, urbanization, and changing consumer lifestyles. Because of their demanding work schedules, customers are opting for a healthier breakfast in the form of smoothies. Because it is easy to transport, light in weight, and available in tetra packs, lightweight bottles, and cans, customers can enjoy it at their workplaces.

Companies are employing recycled plastic to reduce packaging costs and provide eco-friendly packaging because packaging plays such an important part in purifying drinks. These goods come in a variety of flavours, including chocolate, vanilla, strawberry, banana, and many others. Manufacturers are coming up with new tastes to meet consumer demand.

Key Takeaways from Market Study

  • The market is segmented based on nature, conventional is anticipated to account for around 89.3% of the market share over the forecast period.
  • The North American nutritional ingredient in animal feed market is expected to witness a lucrative growth rate of 6.8% during the forecast period.
  • East Asia is inferred to account for 14.7% of the global nutritional ingredient in animal feed consumption through 2032.
  • The market is segmented based on flavor, wherein chocolate is anticipated to account for around 22.4% of the market share over the forecast period.

 “The ready-to-drink shakes market is predicted to channel upwards due to good marketing strategies of key players in the worldwide industry, resulting in positive growth in emerging economies.” According to the FMI analyst.

Competitive Landscape

Some of the key players operating in the Ready to Drink Shake market are Nestlé S.A, Starbucks Corporation, PepsiCo Inc., Monster Beverage Co., Lotte Chilsung Beverage Co., The Coca-Cola Company, The J.M Smucker Company, Bolthouse Farms, Inc., Arla Foods amba, Atkin Nutritionals Inc. and others

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global ready to drink shakes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Nature, Ready to Drink Shakes Market is segmented as:

  • Organic
  • Conventional

By Packaging Type, Ready to Drink Shakes Market is segmented as:

  • Bottles
  • Tetra packs/carton
  • Cans

By Flavors, Ready to Drink Shakes Market is segmented as:

  • chocolate
  • banana
  • strawberry
  • vanilla
  • Citrus
  • Berries
  • Others

By Region, Ready to Drink Shakes Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The 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.

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

Contact FMI:
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

Functional Mushroom Market Hits to USD 22 Billion by 2033 | FMI

Functional Mushroom Market
Functional Mushroom Market

The global functional mushroom market value in 2022 was calculated to be approximately US$ 9,324.7 million. According to FMI, between 2023 and 2033, it will grow at a rate of 9% annually. It also estimates that the entire valuation will have reached US$ 22,023.8 million by the end of the predicted period.

The sector has a lot of room to grow given the recent surge in the use of functional mushrooms as a healthy substitute in ordinary meals. It is projected that as more younger generations adopt vegan diets, the global market for functional mushrooms will expand. A greater understanding among consumers of the products’ capacity to maintain overall health and well-being may facilitate market growth.

The Asia Pacific countries are anticipated to have higher growth during the forecast years since the majority of mushrooms are grown in tropical areas. It may be related to growing interest in edible mushrooms as superfoods that improve food security in impoverished nations. They are also growing in popularity in industrialised countries as a superior replacement for a variety of other nutrient-dense meals.

The expanding urban population and rising expenditures on meals with functional enhancements are two more crucial factors. Due to its substantial food and beverage sectors, Germany has a stronger need for functional mushrooms than other European nations.

Key Takeaways from this Report:

  • Based on geographic regions, the sales of functional mushrooms in the United States constituted 16.4% of the global revenue in 2022.
  • The overall demand for functional mushrooms in Germany generated a global revenue share of around 6.6% as per the 2022 records. Meanwhile, the United Kingdom is anticipated to increase at a higher rate of nearly 5.9% through 2033.
  • Japan is the leading country in the Asia Pacific region and it held a global market share of around 7.3% in the year 2022. On the other hand, China is expected to overtake it soon by capturing a 4.5% CAGR between the years 2023 and 2033.
  • The production of functional mushrooms in India is anticipated to increase at the quickest rate of nearly 8.9% during the anticipated period.
  • Back in the year 2022, the organic segment led the global market in terms of nature and was responsible for a revenue share of more than 21.3%.
  • The powdered product segment led the market and was responsible for a revenue share of nearly 23.7% in the year 2022. This was brought on by the product’s increased popularity due to its higher storage and transport feasibility.

Competitive Landscape:

  • Hokkaido Reishi Co., Ltd.
  • Om Mushrooms
  • Rainbo
  • Nammex
  • Half Hill Farm Inc.
  • Marley One
  • Optimi Health Corp.
  • Wuling (Fuzhou) Biotechnology Co., Ltd.
  • Landish Foods
  • Functional Mushrooms
  • Hekate
  • Others

The Marley Company introduced the Marley One psychedelic and functional mushroom consumer brand in June 2021 in collaboration with Silo Wellness Incorporation. Silo Wellness is a significant Toronto-based psychedelic business working on enhancing immunity and supporting gastrointestinal health and cognitive function. The first product line contains a range of tinctures made from functional mushrooms, such as lion’s mane, cordyceps, reishi, turkey tail, and Chaga.

Key Segmentation:

By Nature:

  • Organic
  • Conventional

By Product Species:

  • Reishi
  • Shiitake
  • Lion’s Mane
  • Chaga
  • Maitake
  • Cordyceps
  • Tremella
  • Turkey Tail
  • Enokitake
  • Oyster Mushrooms
  • Others

By Form:

  • Liquid Sprays and Drinks
  • Powders
  • Capsules or Supplements
  • Others

By Application:

  • Food & Beverages
  • Nutraceuticals & Dietary Supplements
  • Pharmaceutical
  • Sports Nutrition and Functional Items
  • Cosmetics & Personal Care
  • Pet Care Industry
  • Other Applications

By Region:

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

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
LinkedInTwitterBlogs YouTube

Flour Mixes Market Poised for Steady Growth Projected to Reach USD 52.5 Billion by 2033 Amid Rising Demand for Healthier Bakery Options | FMI

The global flour mixes market is set to expand significantly over the next decade, with projections indicating a robust compound annual growth rate (CAGR) of 7%. The market, currently valued at US$ 26.9 billion in 2023, is anticipated to more than double, reaching an impressive US$ 52.5 billion by 2033. This growth is attributed to the increasing consumer demand for healthier bakery products, driven by shifting eating habits and a rising incidence of metabolic disorders such as obesity and diabetes.

The surge in demand for prepared flour mixes can be attributed to several key factors:

  • Health-Conscious Consumer Trends: With growing health concerns and an aging population, consumers are increasingly seeking healthier food alternatives. This has led to a heightened demand for value-added baked products that are fiber-rich, cholesterol-free, and low in fat.
  • Convenience and Quality: Prepared flour mixes are gaining popularity due to their simplicity of use and ability to enhance the color and quality of baked goods. They are compatible with various bakery ingredients such as sweeteners, yeast, icing, and cream, making them a preferred choice among bakers.
  • Improved Baking Efficiency: In response to increased competition, bread manufacturers are turning to high-performance prepared flour mixes to reduce baking time and improve texture. These mixes also extend the shelf life of products, facilitating easier transportation and distribution.

Regional Insights

  • North America: Leading the market with over 31.5% of total revenues in 2022, North America is expected to continue its dominance. The United States, Canada, and Mexico are key markets, driven by significant domestic and global player engagement in product development.
  • Europe: Countries like the United Kingdom, Germany, and France are witnessing a surge in demand for nutritious bakery products. The German market, for instance, is projected to grow at a CAGR of around 6.6% during the forecast period.
  • Asia-Pacific: The market in China is expected to grow at a CAGR of 5.7%, fueled by a rising preference for gluten-free bakery products. India is also a significant market, projected to expand at a CAGR of 7.9%.

Market Segmentation

The flour mixes market is segmented based on product type and application:

  • Product Type: Bread mixes (including oat, white, dark, and multigrain), batter mixes, and pastry mixes. Bread mixes, particularly multigrain, are expected to see high demand due to their nutritional benefits.
  • Application: The bakery segment dominates, accounting for over 69.4% of sales in 2022. Prepared flour mixes are favored in bakeries for their ability to improve crumb uniformity and reduce flakes in pastries.

Competitive Landscape

Key players in the flour mixes market demand are employing various strategies to gain a competitive edge. These include mergers and acquisitions, new product launches, and capacity expansion. Some notable developments include:

  • Nisshin Seifun Group: Opened its first premix factory in Vietnam in 2019, aiming to capture a significant portion of the Asian market.
  • Showa Sangyo: Introduced premixes of wheat flour optimized for baking needs.
  • AB Mauri: Launched egg-free cake mixes under its premixes range in India.

Key Players

Major companies in the market include Nippon Flour Mills, Rikevita Food, Prima Flour, IREKS, AngelYeast, AB Mauri, Showa Sangyo, Griffith, Kerry, and CSM.

Key Segments Covered

By Product:

  • Bread Mixes
    • Oat Bread
    • White Bread
    • Dark Bread
    • Multigrain Bread
  • Batter Mixes
  • Pastry Mixes

By Application:

  • Food Processing Industry
  • Household
  • Bakery Shop
  • Others

Key Regions Covered:

  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • Rest of The Middle East and Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:

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

Shea Butter Market to Reach at USD 5.58 Billion by 2033 with 7% CAGR | FMI

Shea Butter Market1

In the forthcoming years, the shea butter market is poised for remarkable expansion, showcasing a promising growth trajectory.

Projections indicate that by 2023, the market is anticipated to achieve a noteworthy value of USD 2.75 billion, demonstrating its strong growth potential. This positive momentum is anticipated to persist as the market steadily progresses at a rate of 7% throughout the forecast period.

By 2033, the shea butter market is forecasted to attain a substantial valuation of USD 5.58 billion, underscoring its significant impact and widespread adoption across diverse industries.

Shea butter used in the cosmetics industry has begun to diversify as a result of rising consumer demand for products that provide a range of advantages and nourishment. In addition, it is an ingredient in a variety of products, including baby oils, lotions, skin and hair care products, and cosmetics.

There are numerous uses for shea butter, which may likely lead to market expansion over the following years.

Due to the growing demand for baked goods and confectionary as well as the requirement for cocoa butter substitutes, the industry is projected to experience soaring demand.

Despite the product’s many potential uses, there are many replacements for shea butter, including avocado butter, palm oil, and cupuacu butter. This presents a significant problem for the market for shea butter.

Compared to shea butter, cupuacu butter shows superior moisturizing qualities. Another important element impeding the industry’s expansion is the high cost of raw shea nuts.

Consumers’ increased knowledge of health and beauty issues, as well as product developers’ growing emphasis on sustainability. This has led to a steady rise in demand for organic and natural cosmetics, which is anticipated to provide chances for key players to create new products.

Key Takeaways:

  • The market for shea butter in the United States of America was expected to capture a market value share of 18.2% in 2022.
  • The United Kingdom shea butter industry is anticipated to move forward at a rate of 9.1% from 2023 to 2033.
  • In 2022, the market for shea butter in Germany was to hold a 7.2% share on a global level.
  • Based on nature, organic shea butter is likely to be the prominent one, which held about 24.6% share in 2022.
  • The grade A sub-segment, by grade, was predicted to retain a value share of 31.4% in 2022.
  • The shea butter industry in India is likely to advance at 9.8% CAGR during the forecast period.

What is the Competition Landscape in the Shea Butter Market?

With numerous well-established international businesses and several new important market entrants, the shea butter industry is fragmented globally. To expand their client base and foster brand loyalty, these players are actively acquiring, promoting, and expanding.

Larding market participants are also investing a lot of money in research and development to expand their product portfolios, which likely spurs the further expansion of the shea butter industry. In addition, market participants are launching new products as well as other significant market advances to expand their global footprint.

Shea butter quality plays a crucial role in the market competition. Companies differentiate themselves based on factors such as purity, organic certification, fair trade practices, and production methods. High-quality shea butter that meets international standards and certifications tends to have a competitive advantage.

The shea butter market is not limited to a single region but has a global reach. Companies compete in terms of market presence and distribution networks. Some companies have established strong footholds in specific regions or countries, while others aim to expand their reach and penetrate new markets.

Primary Players

  • BASF SE
  • Bunge Limited.
  • Croda International
  • Cargill, Inc.
  • Archer Daniels Midland Company
  • Wilmer International
  • International Oils & Fats Limited
  • Ghana Nuts Company Limited
  • Fuji Oil Holdings, Inc.
  • 3F Industries Ltd.
  • Others

Recent Developments:

  • Shea Radiance, a renowned brand specializing in shea butter-based body care products, recently launched six new body care offerings. These products have made their debut in 520 Whole Foods stores across Virginia, United States. Expanding Shea Radiance’s reach and offering customers a luxurious and natural body care experience enriched with the nourishing benefits of shea butter.
  • Fuji Oil Holdings, Inc. announced the sourcing of responsible shea kernels with the policy of preserving green areas of shea trees with minimum or zero deforestation. To reinforce the sustainable development of the industry.
  • Unilever announced the acquisition of Sundial Brands, including Nubian Heritage and SheaMoisture. To take advantage of market expansion with financial advancement and diversify its ownership ranks.

Shea Butter Market by Category

By Nature:

  • Organic
  • Conventional

By Grade:

  • Grade A (raw or unrefined)
  • Grade B (refined)
  • Grade C (highly refined)
  • Grade D (lowest uncontaminated grade)
  • Grade E (with contaminants)

By Application:

  • Food Processing
  • Cosmetics & Personal Care
  • Pharmaceuticals Industry
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South 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
LinkedInTwitterBlogs YouTube