Market Research Blog

The almond flour market is projected to be valued at USD 1.9 billion in 2023 and is expected to reach USD 4.1 billion by 2033. The sales of almond flour are expected to record a significant CAGR of 8.3% during the forecast period.

As per capita earnings increase and living standards worldwide improve, consumer preferences are shifting rapidly. One of the main elements fueling market expansion is growing consumer awareness of the health advantages of ingesting goods made with almond flour. Due to the significant rise in the prevalence of celiac disease, which can cause anemia, growth issues, bloating, gas, and diarrhea, there has been a substantial increase in the global acceptance of gluten-free diets, which is driving market expansion. Almond flour is a key ingredient in the Food and Beverage (F&B) industry around the world for preparing bakery products such as cakes, cookies, bread, and pastries.

This, combined with rising product employment in the personal care industry for creating various skin care products such as lotion and cream, results in a positive market outlook.

Other factors are anticipated to propel the sector, including the increased prevalence of lactose intolerance and the simpler accessibility of dairy-free products. Along with the growing tendency to purchase almond flour through online distribution channels, which offer simple product availability, wide catalogs, and speedy shipping alternatives, this is assisting in boosting the sector. Furthermore, in the upcoming years, protracted promotional campaigns and celebrity endorsements by product manufacturers on social media platforms are likely to positively impact almond flour sales.

Key Takeaways from the Almond Flour Market

• With a projected 8.9% growth rate from 2023 to 2033, the category of blanched almond flour provided more than three-fifths of the market share for almond flour globally. The demand for blanched almond flour is progressively rising in developed countries, driving the segment growth. It is employed worldwide in various bakery goods, confectioneries, and hair and skin care products. The cosmetics industry is anticipated record a CAGR of 8.7%. Almond flour is frequently milled and can be used in various ways. It is becoming more popular as a gentle exfoliating ingredient in cosmetics and personal care formulations, expected to drive market growth in the coming years.
• The United States dominates global almond production, accounting for more than 80% of the total crop and generating an estimated US$ 1.0 billion in revenue in 2023. Since California is the world’s leading producer and exporter of almonds, the industry is highly concentrated and reliant on a single region. The amount of rain that falls during the bloom period significantly impacts almond production.
• The United Kingdom has a significant market share in Europe for almond flour, with a CAGR of 8.7%. Consumer preference for cooking at home instead of dining out, coupled with the on-the-go convenience trend, has fueled the growth of the country’s almond flour industry.
• With a revenue of USD 70.8 million in 2021, India is one of the world’s significant almond flour markets. A considerable population increased urbanization, and an expanding middle-class population is driving the market. In addition, the market is progressing due to the increased number of participants who have the opportunity and consumer health consciousness, particularly in urban regions.

Competitive Landscape:

Companies are maintaining a competitive position in the market by pursuing inorganic growth strategies, such as partnerships, geographical expansion, and mergers & acquisitions.

Archer Daniels Midland Company, Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts, Savencia SA, Kanegrade Limited, Royal Nut Company, and Döhler GmbH are among the key players in the almond ingredients market. To meet the growing demand for almond ingredients, market players have adopted various business strategies such as expansions, new product launches, agreements, partnerships, collaborations, and acquisitions in recent years.

Almond Flour Market

By End Use:

• Household
• Food and Beverage
• Industrial
• Cosmetics
• Dietary Supplements
• Others

By Form:

• Blanched
• Natural

By Nature:

• Organic
• Conventional

By Distribution Channel:

• Direct
• Indirect
• Pharmacy Stores
• E-retailers
• Specialty stores
• Supermarkets

By Region:

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

Frequently Asked Questions

1. How is the Almond Flour Market Growing?
2. What Drives the Almond Flour Market?
3. What is the Future Scope of Growth for the Almond Flour Market?
4. What is the Current Almond Flour Market Size?

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 kombucha market is set for exponential growth, projecting a remarkable CAGR of 17.4% from 2022 to 2033. Starting at an estimated USD 3.4 billion in 2023, the market is anticipated to reach an impressive USD 17.1 billion by 2033, offering investors substantial opportunities for financial gains.

Unsafe alcohol consumption claims approximately 3 million lives annually, accounting for 5.3% of all global deaths, according to the World Health Organization (WHO).

The growing demand for natural and organic beverages is driving the rising popularity of kombucha. Known for its natural fermentation of bacteria and yeast, kombucha appeals to health-conscious consumers, particularly Millennials, as society shifts toward healthier eating habits and reduced alcohol consumption.

As a result, preferences for low- and non-alcoholic kombucha options are increasing. This shift toward healthier lifestyles, especially among Millennials, is fueling the growth of kombucha sales.

Growth Factors:

The introduction of fresh and different flavours, appealing to today’s experimental palate, has driven the market’s expansion even further. Kombrewcha is capitalising on this trend by delivering appealing flavours like blood orange and mango pineapple. This innovation, combined with the convenience of can and bottle packaging, broadens the market appeal and increases customer purchases.

Global Market Is Adjudicated by Regular Flavored Kombucha

As more people are willing to try new things, regular kombucha is in style. Variants of flavoured kombucha bottles are selling better than ever. The market’s dominant category is regular kombucha.

By 2033, the herbs and spices category might potentially control a sizeable portion of the global Kombucha market. Since major companies concentrate on creating flavoured fermented kombucha tea with various distinctive kombucha flavors by blending herbs and spices.

Regional Outlook

Between 2023 and 2033, North America may hold a sizeable portion of the hard kombucha market. In terms of market share, Europe trailed North America because of its robust distribution network and rising consumer awareness in the U.S. The demand for probiotic beverages and other functional beverages is expected to increase among office workers, which could fuel the rise.

During the forecast period, the hard kombucha market is anticipated to develop at the significant CAGR of 18.5% in Asia Pacific. Due to the easy manufacture of kombucha-based drinks and rising alcoholic beverage consumption. Growing health concerns among people and a number of governments increasing discretionary expenditures to promote alcohol could fuel kombucha industry expansion.

Key Takeaways

• From 2023 to 2033, the regular category may expand at a CAGR of 16.3% by flavor in the kombucha drinks market.
• The glass bottles category might develop at a CAGR of 12.0% from 2023 to 2033, according to the packaging segment.
• Between 2023 and 2033, the Chinese kombucha drinks market might expand at a CAGR of 16.8%, reaching US$ 744.8 million.
• Kombucha sales in France may have climbed at a CAGR of 15.4% by 2033 and may total US$ 773.4 million.
• By 2033, the United States kombucha drinks market is expected to grow at a CAGR of 16.3% and reach US$ 4.6 billion.
• By 2033, the United Kingdom market can have grown at a CAGR of 18%, reaching US$ 1.4 billion.
• The Germany kombucha market could have expanded at a CAGR of 22.1% by 2033 and may have amounted to US$ 2.8 billion.

Investor Outlook:

For investors eyeing the kombucha market, the long-term perspective is optimistic. Future Market Insights projects consistent sales growth of above 15%, making it a lucrative investment opportunity. As the market expands, targeting diverse consumer groups and emphasizing health benefits will be pivotal for sustained success.

Competitive Landscape

A small number of significant international players have helped to consolidate the hard kombucha market. A number of businesses, including The Coca-Cola Company, Molson Coors Beverage Company, The Humm Kombucha LLC, The Hain Celestial Group, and Revive Kombucha, are concentrating on new product releases and strategic acquisitions to grow and strengthen their businesses.

Key players, who are using a variety of methods, such as new product releases, the growth of product portfolios, and mergers and acquisitions, have a majority of the market share.

Recent Development

• Expansion

A firm called “GT’s Living Foods” has expanded the flavour options for its synergy Kombucha line in 2021. These two new summer variations, California Citrus and Lemon Berry, have drawn interest from potential customers and helped expand the client base.

• Acquisition

Tetley Harris Food Group, which was originally a division of Tata Consumers Product firm, was fully acquired by US-based Harris Tea Company in April 2021, according to an announcement. The company strives to provide comprehensive end-to-end services to its clients.

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

Patchouli oil is a popular essential oil derived from the leaves of the patchouli plant (Pogostemon cablin), a member of the mint family. The oil is renowned for its distinct aroma, which is earthy, musky, and slightly sweet. Patchouli oil has been used for centuries in various cultures for its therapeutic and aromatic properties. The patchouli oil market has experienced significant growth in recent years due to the increasing demand for natural and organic products in the fragrance, cosmetics, and personal care industries.

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

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

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

Key Highlights of the Patchouli Oil Market:            

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

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

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

Global Patchouli Oil Market Segmentation

Analysis by Product Type:

• Light Patchouli Oil
• Dark Patchouli Oil

Analysis by Nature:

• Organic
• Conventional

Analysis by Extraction Process:

• Steam Distillation
• Hydro Distillation

Analysis by End Use:

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

Analysis by Distribution Channel:

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

Analysis by Function:

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

Analysis by Region:

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

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 vegan cheese market is poised for substantial growth, with projections indicating that the market will reach a valuation of USD 8,231 million by 2034, up from USD 3,467 million in 2024. This represents a robust compound annual growth rate (CAGR) of 9% over the forecast period. The rising popularity of veganism, coupled with increasing consumer awareness about the environmental and health impacts of traditional dairy products, is driving this growth.

Vegan cheese, also known as cheese substitute, dairy-free cheese, cruelty-free cheese, and plant-based cheese, is gaining massive popularity among consumers. The demand is primarily driven by individuals who are looking for environment-friendly and cruelty-free alternatives that mimic the taste and texture of traditional dairy cheese. This trend is particularly pronounced among vegans, flexitarians, and reducetarians who are motivated by ethical, health, and sustainability concerns.

Several key factors are contributing to the rapid expansion of the vegan cheese market:

• The increasing number of people adopting vegan diets is a significant driver of the vegan cheese market. Ethical concerns about animal welfare and the environmental impact of animal agriculture are motivating more individuals to choose plant-based alternatives.
• The potential health benefits of plant-based diets, including lower risks of heart disease and lactose intolerance issues, are influencing consumer preferences towards dairy-free cheese.
• Manufacturers are continually introducing new varieties of vegan cheese, such as cream cheese, brie, and feta, to cater to diverse consumer tastes and dietary preferences. These innovations are helping to attract a wider consumer base.
• Growing awareness about the environmental impact of animal agriculture is driving demand for sustainable food options. Vegan cheese, which requires fewer resources and produces less greenhouse gas emissions compared to dairy cheese, is gaining favor among environmentally conscious consumers.

Country-wise Analysis

The vegan cheese market’s growth varies by region, influenced by local dietary trends and consumer preferences. Here’s a closer look at key markets:

• United States: The U.S. leads the global vegan cheese market, with a projected CAGR of 6.9% and a market share of 25.4%. The surge in interest in vegan products, coupled with increasing health consciousness, is driving demand for dairy-free cheese. Key players like Miyoko’s Creamery and Follow Your Heart are expanding their offerings to meet this growing demand.
• United Kingdom: In the U.K., the vegan cheese market is expected to grow at a CAGR of 5.3%. Government initiatives promoting the health benefits of plant-based diets and the rising popularity of brands like Violife are key factors supporting market growth. Consumers are increasingly incorporating vegan cheese into popular dishes like pizza, pasta, and tacos.
• Germany: Germany’s vegan cheese market is set to expand at a promising CAGR of 7.9%. The country’s growing vegetarian and vegan population, along with increasing awareness of lactose intolerance, is driving demand for dairy-free cheese. The availability of a wide range of vegan cheese options in supermarkets is further boosting market growth.
• China: The demand for plant-based cheese in China is projected to grow at a CAGR of 3.9%. Rising consumer awareness about sustainability and health is driving demand for dairy-free cheese. Companies are forming strategic partnerships with food distributors to expand their reach, as seen with Youkuai Group International’s partnership with Usource.
• India: The vegan cheese market in India is expected to grow at a CAGR of 6.8%. Increasing income levels and a growing willingness to pay for ethically-produced products are key factors driving market growth. The rising popularity of online shopping for vegan products is also contributing to market expansion.

The vegan cheese market is being shaped by several significant trends and drivers:

• The growing adoption of vegan and flexitarian diets is a major driver of market growth. Consumers are increasingly seeking plant-based alternatives to reduce their consumption of animal products for ethical, health, and environmental reasons.
• Continuous innovation in vegan cheese flavors and varieties is attracting a broader consumer base. Manufacturers are developing new products to meet the diverse tastes and dietary needs of consumers, including vegan mozzarella, cream cheese, and brie.
• Hypermarkets and supermarkets are allocating more shelf space to vegan products, making dairy-free cheese more accessible to consumers. These retail channels also offer discounts and promotions to attract more buyers.
• Growing awareness about the environmental impact of animal agriculture is driving demand for sustainable food options. Vegan cheese, which has a lower environmental footprint compared to dairy cheese, is becoming increasingly popular among eco-conscious consumers.

Future Outlook and Opportunities for Vegan Cheese Market:

The global vegan cheese market is set for significant growth over the next decade, offering lucrative opportunities for investors. The rising demand for dairy-free cheese, driven by health, ethical, and environmental concerns, presents a promising investment landscape.

Manufacturers are likely to focus on product innovation and expanding their product lines to cater to diverse consumer preferences. The increasing availability of vegan cheese in retail channels and the growing popularity of online shopping are expected to further boost market growth.

Key Segments Covered in the Vegan Cheese Market Report

Product Type:

• Mozzarella
• Parmesan
• Cheddar
• Cream Cheese
• Ricotta
• Others

Form:

• Shreds
• Blocks and Wedges
• Slices

Source:

• Almond Milk
• Soy Milk
• Coconut Milk
• Cashew Milk
• Others

End-Use:

• Food Processing
• Baked Goods
• Sauces, Dips and Dressings
• Snacks
• Processed and Packed Foods
• Ready Meals
• Dairy and Desserts
• Food Service/HoReCa (Hotels, Restaurant, Cafes)
• Household/Retail

Nature:

• Conventional
• Organic

Sales Channel:

• Direct Sales
• Indirect Sales
• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Retail Stores
• Traditional Grocery Stores
• Online Retailers

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 plant-based snacks market size is projected to be valued at USD 36,083 million in 2023 and is expected to rise to USD 76,186.6 million by 2033. The sales of plant-based snacks are expected to record a CAGR of 8.0% during the forecast period.

The plant-based snacks market has experienced remarkable growth in recent years as consumers worldwide increasingly seek healthy and sustainable food choices. Moreover, plant-based snacks provide numerous benefits. They are often rich in vitamins, minerals, fiber, and antioxidants, offering essential nutrients for a well-rounded diet.

Plant-based snacks are typically lower in saturated fats and cholesterol compared to snacks made from animal products, making them a healthy option for individuals looking to reduce their intake of animal-based foods.

The market for plant-based snacks has witnessed substantial growth, driven by changing consumer preferences, increased awareness of health and sustainability, and the expanding variety of plant-based snack options available. Furthermore, plant-based snacks come in various forms, including chips, bars, cookies, jerky, and fruit snacks, catering to a wide range of tastes and preferences.

One of the key drivers of the plant-based snacks market is the growing consumer demand for sustainable and environment-friendly food choices. Also, plant-based snacks contribute to reducing the carbon footprint and conserving resources, as plant-based farming generally requires less water and produces fewer greenhouse gas emissions compared to animal-based agriculture.

Many plant-based snacks offer alternatives to common allergens like dairy, eggs, and gluten, providing options for individuals with dietary restrictions to enjoy tasty and satisfying snacks.

Meat alternative snacks hold a notable share of 21% in the plant-based snacks market, offering a healthy and sustainable option for consumers.

Key Takeaways:

• Indirect sales channels contribute more than 50% of overall sales, showing significant traction in the market.
• Savory flavors dominate the segment with a 45% value share, providing tasty alternatives to traditional savory snacks.
• In North America, the market is expected to capture a notable CAGR of over 7%, driven by the adoption of vegetarian and vegan diets. The United States is anticipated to account for 28% of the revenue in North America’s market.
• In the Asia Pacific region, India and China are expected to dominate the plant-based snacks market, with a high CAGR of 6.1% and 7.1%, respectively. The rise in consumer spending power and the preference for healthy lifestyles contribute to the growth of the market in this region. South Asia is predicted to show significant growth, driven by changing consumer lifestyles and demand for vibrant and flavorful snacks.

Competitive Landscape

Manufacturers of plant-based snacks are working on introducing and creating a wide range of goods to expand their consumer base and achieve a competitive edge.

• Atlantic Natural Foods, LLC debuted new unique plant-based snacks in the United Kingdom in January 2019. Spicy Pad Thai and Tikka Masala Snack are two new products that have been introduced to help the company develop its spicy food segment in the nation.
• The Unilever Group unveiled plant-based snack brands such as coconut and corn seed cluster and corn cocoa chipotle at expo west in June 2018 to assist grow the project nationally.

Key Segments Covered in the Plant-based Snacks Market Report

By Product Type :

• Meat Alternative Snack

By Packaging :

• Pouches
• Wrappers
• Bags
• Tins

By Flavor :

• Savory
• Sweet

By Distribution Channel :

• Direct
• Indirect
  • Hypermarkets/Supermarkets
  • Convenience Store
  • Specialty Stores
  • Grocery Stores
  • Independent Retailers
  • Online Retailers

By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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 lipids market is anticipated to reach a value of USD 9.7 billion by 2022 and then grow at a CAGR of 8.7% from 2022 to 2032 to reach USD 22.5 billion by 2032. According to the most recent estimate, the global lipids market will make up 25% of the entire fats and oil business in 2022. Market growth for lipids was 6.5% CAGR between 2017 and 2021.

Lipids are termed as a large organic compounds that fall below the training of fatty acid derivatives or closely associated compounds. Lipids are normally insoluble in water however exhibit high ranges of solubility in natural solvents & alcohols. Lipids include esters & fat with analogous properties & further represent carbohydrates & proteins. The number one functions of lipids include stowing strength, signaling and performing as key structural additives for cell membranes.

Global Lipids Market: Dynamics

The worldwide lipids market is envisioned to be driven by way of the increasing demand from non-public and cosmetics programs wherein lipids are used as components and uncooked substances in the manufacturing of cosmetics. The customer inclination closer to the usage of cosmetics and skin care merchandise with herbal ingredients has been the important thing riding pressure for the demand for lipids in the personal care and cosmetics industry.

Lipids find a extensive variety of programs in the cosmetics utilized in make-up and pores and skin care, which account for a blended cost percentage of greater than 50% in the global cosmetics market. Increasing in line with capita disposable profits in developing regions is some other riding force for the growth within the income of cosmetics in regions/nations which includes Latin America, Middle East and Africa, China and India. Developing tendencies in the meals and beverage industry have brought about severa fitness-associated issues among the global populace, and for that reason, the nutraceutical enterprise has been a success in attracting a huge client base.

North America is considered to be one of the key worldwide markets in terms of the call for for nutraceutical merchandise. As consistent with the reports of FICCI, expanded healthcare fees and rescission have coupled the consequences at the growth of the nutraceutical enterprise in North America. Growing cognizance concerning health, attributable to excessive life expectancy, is any other key motive contributing to the boom of the nutraceutical enterprise wherein the call for for lipids as ingredients is excessive.

Global Lipids Market: Regional Market Projections

On the basis of region/country, China is anticipated to dominate the global lipids market throughout the forecast period. In China, the lipids market is expected to expand at a CAGR of around 4.6% during the forecast period. Moreover, APAC and North America are anticipated to register relatively higher CAGRs in the global lipids market during the forecast period. These two regions, coupled with Latin America, are expected to register attractive growth rates in the global lipids market during the forecast period. The Europe lipids market is at a mature stage and is expected to witness slow growth over the forecast period.

Global Lipids Market: Competitive Landscape

Some of the players reported in this study on the global lipids market include Lipoid GmbH, Wilmar international, Sonic Biochem Extractions, Avanti Polar Lipids Inc., VAV Life Sciences, Corden Pharma International, Chemi S.p.A, Stepan Company, NOF Corporation, Cayman Chemical Company, Merck Millipore Ltd, ABITEC Corporation Archer Daniels Midland Company and Tokyo Chemical Industry Co., among others.

Lipids Market By Category

By Product Type, Lipids Market is Segmented as:

• Omega 3 & Omega 6
• Medium-Chain Triglycerides (MCTs)
• Others

By Applications, Lipids Market is Segmented as:

• Food & Beverage
• Nutrition & Supplements
• Pharmaceuticals
• Cosmetics

By Sales Channel, Lipids Market is Segmented as:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region, Lipid Market is Segmented as:

• 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