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The protein ingredients market is estimated to be valued at USD 27.5 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 47.4 Bn by 2032, rising at a CAGR of 5.6% for 2022-32.

By 2019 end, worldwide sales of protein ingredients, contributed by both animal protein ingredients and plant protein ingredients, will roughly account for the value of US$ 43 Bn. Demand for animal-based protein ingredients continues to be more as compared to that for plant-based protein ingredients, clearly owing to wider availability of products and nutritional profile in case of the former.

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Consumption of protein-rich diet, particularly as a part of sports nutrition, is bolstering sales of protein ingredients in global market. A continuing R&D opportunity in sports nutrition in line with the plant-based dietary trend. Demand for protein ingredients is thus increasing.

Key Takeaways – Protein Ingredients Market Study

• Demand for ready-to-drink (RTD) beverages is increasing among the working consumers. For RTD beverages, key to success of innovation is in the beverage itself. Trends in past five years have made it evident that using vibrant colors and innovative packaging can help sell the beverage. Consumer awareness for health and wellness, demand for clean label and functionality are some of the contributing factors to increasing the demand for RTD beverages.
• Manufactures of supplement and nutritional bars are launching unique products with additional nutritional profile and various flavours that attract customers and demand for these products is expected to increase ~8% during the forecast period.
• Whey protein concentrate undergoes different processing as compared to isolate and hence, protein ingredient isolates have fewer carbohydrates, fats, lactose and it is highly nutritional. Isolate form of whey is typically more expensive. Taking slightly more amount of concentrates are proven to give similar results as that of isolates at lower cost.
• Egg and egg-based products have been versatile and multifunctional in both specialty and regular food. Egg protein works efficiently with gluten-free formulations, are easily digestible and provide nutritional functionalities. Thus, helping the food formulators to develop gluten-free products.
• Increasing consumption of food and beverage products including bakery, dairy, meat, poultry products, and breakfast cereals in developing economies and economies in transition is fuelling the global protein ingredients market.
• Due to increasing urbanization and awareness of mindful living, the consumption of protein ingredients is increasing in the Asia Pacific and Latin America.

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The prevalence of diseases caused due to obesity is increasing at an alarming rate. A sizeable chunk of the population is turning health-conscious and remains focused on the consumption of protein-rich foods on a routine basis. This has been a major booster to the growth of protein ingredients market.

Manufacturers are concentrating on Flavoured Healthful Innovations

Rising demand for protein ingredients and an increasing number of small, medium and large scale manufacturers across the world are the reasons for growing the intensive competition in the protein ingredients market. To sustain the position in protein ingredients market companies are manufacturing high-quality protein ingredients with multiple benefits. The manufacturers are investing in research and development to launch innovative and unique protein ingredients based products. Manufacturers are launching multiple flavors of supplements and nutritional powders and beverages which attracts the consumers. Manufacturers are launching plant protein ingredients products for vegan and vegetarian consumers.

Find More Insights on Protein Ingredients Market

Future Market Insights, in its new offering, brings to fore an unbiased analysis of the global protein ingredients market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study divulges compelling insights on the protein ingredients market on the basis of product type (animal protein and plant protein), application (supplements and nutritional powder, beverages, protein and nutritional bars, bakery and confectionery, breakfast cereals, meat and meat products, dairy products, infant nutrition, animal feed and others), form (isolate, concentrates and others), across five major regions.

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

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The expansion of fast-food joints, hotels, and food processing units has positively impacted the market of dehydrated onions, which are often included as key ingredients in a myriad food items. Coupled with this, direct consumption through household recipes will enable growth in the dehydrated onions market at over 5% CAGR between 2021 and 2031.

As per Future Market Insights (FMI) analysis, the market is expected to reach a valuation of over US$ 1.7 Bn by 2031. Key end users of dehydrated onions are food processing units, HoReCa (hotels, restaurants, and cafes), and household kitchens. Food processing units use dehydrated onions to manufacture ready-to-eat foods. Hotels and restaurants use dehydrated onions for gravies and other food items.

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In household cooking, dehydrated onions are emerging as a preferred substitute for fresh onions. However, this consumer segment remains largely untapped. This can emerge as a suitable niche market for new entrants. Companies largely focus only single consumer demographics.

The demand for dehydrated onions is surging due to improvements in technologies utilized in the production of dehydrated food. Technologies such as vacuum and air-dried processes support production, and distribution are increasingly adopted, which will bode well for the market. Also, regulatory approvals have been creating growth opportunities for dehydrated onion manufacturers.

Key Takeaways from the Dehydrated Onions Market Study

• The U.S. dehydrated onions market will grow from US$ 319 Mn in 2021 to US$ 478.2 Mn in 2031. This represents an absolute $ opportunity of US$ 159.2 Mn in the forecast period.
• Conventional dehydrated onions account for 87% of the market in 2021, supported by lower costs and easier access to required volumes of raw materials.
• White dehydrated onions will grow at a CAGR of 4.9% from 2021 to 2031, driven by higher crop and processing yields.
• The U.K. will emerge as a leading market in Europe, accounting for more than US$ 44 million in 2021, aided by strong demand from the food processing sector of the country.
• GCC countries will remain major contributors to the MEA market with a share of 39.3% in 2021, supported by relatively high export levels.

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“Onions, despite being one of the most commonly consumed vegetables in the world, have restrictions in terms of shelf life. On the other hand, dehydrated onions can be stored for longer time and have wider scope of applications, which in turn is propelling the growth of the dehydrated onions market,” said a lead analyst at FMI.

Robust Supply Chains to Increase Market Penetration

Global supply chains for dehydrated onions are largely mature, with adequate transportation infrastructure available to facilitate product movement. Dehydrated onions have benefited from existing supply methods since they may reach clients directly without barriers. Most dried onions come in specialized packaging, which makes storing and transportation easier.

For dehydrated products, companies are using the similar supply chain and transportation modes that find use in frozen food. With minor modifications in storage units, transportation can be made easy and hurdle-free, which improves the trade of dehydrated vegetables.

Almost all developed countries (excluding the Middle East) have an established supply chain, due to which, they are able to supply products directly to retail stores and customers on time.

Who is Winning?

Leading manufacturers in the moderately fragmented dehydrated onions market are focusing on capacity expansion, investments into strategic geographic expansion and infrastructure developments for product processing applications.

Some of the leading companies offering dehydrated onions are Olam International, Jain Farm Fresh Foods Ltd, Daksh Foods Pvt. Ltd., Jiyan Food Ingredients, Natural Dehydrated Vegetables Pvt. Ltd., Real Dehydrates Pvt. Ltd., Earth Expo Company, Kisan Foods, Harmony House Foods, Inc. Company, Silva International Inc. Company, Green Rootz, BC Foods Inc., Suszarnia Warzyw Jaworski Sp. J., Pardes Dehydration Company, Murtuza Foods Pvt. Ltd., Darshan Foods Pvt. Ltd., Garon Dehydrates Private Limited, Rocky Mountain Spice Company, R. J. Van Drunen & Sons, Inc., German Foods and other.

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Get Valuable Insights into Dehydrated Onions Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the dehydrated onions market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031).

The study divulges compelling insights on the dehydrated onions market based on nature (organic and conventional), by variety (white onion, red onion, pink onion, and hybrid), by form (chopped, minced, granules, powder, flakes, kibbled, and sliced), by end use (food processing, food service providers, and retail/household), by technology (air drying, vacuum drying, freeze drying, microwave drying, spray drying, and others), by distribution channel (B2B and B2C) across ten major regions North America, Latin America, Europe, East Asia, Oceania, South Asia, MEA, China, India, and Mexico.

About FMI

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

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The global fish oil market size was valued at USD 12.3 Bn in 2022, and is estimated to reach USD 23.8 Bn by 2032 with a CAGR of 6.8% from 2021 to 2032.

The distribution and availability of raw materials is one of the core needs of the global fish oil market. Acquisition Approach: Strengthen acquisitions in high raw material availability regions such as Latin America and Western Europe by acquiring local companies across these markets and improve regional presence and strengthen company’s positioning in the fish oil market.

Increasing innovation across various stages of fish oil value chain mainly production level and refining due to increase in competition. Manufacturers are focusing on developing high quality fish oil products with various certifications, quality standards, grades, and product types.

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The main organizations in the fish oil market are to a great extent concentrating on securing and item enhancement to keep up their intensity in the worldwide market. For example, Omega Protein Corporation, as of late gained Bioriginal Food and Science Corp., a main provider of plant and marine based strength oils and fundamental unsaturated fats in the nourishment and nutraceutical businesses.

This securing empowers Omega Protein Corporation to enhance its fish oil contributions in the human sustenance item sections and upgrade its client reach. The leading companies operating in the global fish oil market are PT FKS Multi Agro Tbk, China Fishery Group Ltd., The Chemical Company, TASA (Tecnologica De Alimentos S.A.), Alpha Atlantique, Empresas Copec S.A., and Fahad Fishmeal & Oil Compan, among others.

According to the report published by Future Market Insights (FMI), the global fish oil was worth US$ 1,082.8 Mn in 2021 and is projected to touch a valuation of US$ 2,166.3 Mn by the end of 2028. The market is expected to exhibit a CAGR of 6.7% over the course of the forecast period of 2022-2032.

Aquaculture Industry to Support Global Market Growth

Global aquaculture production is projected to witness a CAGR of 8.1% during the period 2008-2030. Some regions, in particular Latin America and the Caribbean (LAC) and Middle-East and North-African (MNA) region, would benefit proportionately more from this scenario. In contrast, North America and Japan would lose from this scenario. Stellar growth of aquaculture production would entail more fish oil use by some fish species groups, which is expected to drive fish oil price upward. Development in aquaculture, together with advancements of aquaculture farming, there has been a major resource input needed in the form of feeds (including fish oil) to sustain these aquaculture practices.

The growing demand for Omega-3 fatty acid supplements that helps in the prevention of cancer, stroke, and heart attack and is found in fish oil is also one of the reasons behind the growing demand for fish oil across the globe.

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Decrease of Fish Oil Inclusion in Aquafeed to Hamper Market Growth

There has been rise in the total global consumption of fish oil consumption globally. However, the average inclusion of fish oil in aquafeed have been on constant fall in the recent years. The major factor for the global fall in fish oil inclusion levels in aquafeed has been due to the spike in global fish oil prices in the last decade. Rise in fish oil price has been due various reasons, importantly being stagnant global supplies of fish oil, and robust industrial demand for fish oil in the major consumption countries.

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The global  non-dairy yogurt market , spurred by innovations in flavored yogurt varieties,  is expected to see an uptrend over the next decade. The non-dairy yogurt market, which is projected to reach USD 12.2 billion by the end of 2032, will be driven primarily by growing propensity to consume plant-based products. Natural and organic trends are also contributing significantly to the growth of the non-dairy yogurt market.

About FMI
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The meat substitutes market is anticipated to be worth USD 5.6 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 9.7 Bn by 2032, rising at a CAGR of 5.6% for 2022-32.

People’s growing health consciousness is a significant growth driver in the market, driving up demand for vegetarian foods. In addition, rising environmental awareness about the environmental impact of animal farming, as well as the emerging vegan trend, are driving demand for meat substitutes.

Plant-based protein-infused foods and ingredients are high in protein and have a meat-like texture. Furthermore, high-protein sources like soy and peas are used as a substitute for pork, beef, and chicken. The growing vegetarian population, combined with the growing health and fitness trend, would drive up the consumption of plant-based protein foods like meat substitutes.

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Furthermore, pro-animal welfare campaigns to promote the consumption of all plant foods such as cereals, vegetables, seeds, fruits, pulses, spices, herbs, and nuts are on the rise. As a result, the global market for Meat Substitutes is expected to grow in the coming years.

Key Takeaways from Market Study

• In China, the meat substitute industry benefits from a comparatively high rate of penetration, with an increased rate of 20%(y-o-y) in 2021.
• The meat substitute market in India is expected to grow at an 8% CAGR between 2022 and 2032.
• The meat substitute market in the United States is expected to grow at a CAGR of 6% between 2022 and 2032.
• Brazil remains one of the world’s most populous vegetarian countries, accounting for nearly 8% of the global population.
• As more people switch to vegetarian diets, the meat substitute market in Mexico is steadily expanding. As a result of their vegetarianism, 20% of Mexicans, primarily young consumers, have reduced their consumption of meat and animal-derived foods.

“The pandemic of coronavirus has accelerated the growth of the meat substitutes industry. This increase can be attributed to a shortage of fresh meat as a result of supply chain disruptions and a lack of workers in meat-processing plants,” says a lead analyst at Future Market Insights.

Who is winning?

Manufacturers are continuously focusing on developing unique meat substitutes that closely resemble not only the taste and texture of meat but also the savoury characteristics of meat in order to boost product sales and differentiate themselves from the fierce competition.

• Nestlé launched its meat substitute product line in the Philippines under the name Harvest Gourmet in November 2021, on World Vegan Day, with Chargrilled Pieces that remarkably replicate the look, flavour, and texture of chicken nuggets.

Some of the key market participants include DuPont (US), ADM (US), Kerry Group (Ireland), Ingredion Incorporated (US), Roquette Frères (France), PURIS (US), Cargill (US), Axiom Foods (US), MGP Ingredients (US), The Top Health Ingredients (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar International Limited (Singapore), Sotexpro S. (Canada).

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the meat substitute market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

By Source :

• Soy-based Meat Substitutes
• Wheat-based Meat Substitutes
• Mycoprotien-based Meat Substitutes
• Other sources of Meat Substitutes

By Product :

• Tofu
• Tempeh
• Seitan
• RTC/RTE
• Natto
• Other Products

By Sales Channel :

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

Region :

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

The report covers exhaustive analysis on:

• What is the meat substitutes market valued at in 2021?
• At what rate is the meat substitutes market anticipated to grow in the forecast period?
• What is the anticipated worth of the meat substitute market by 2032 end?
• Who are the prominent players in the global meat substitutes market?
• Which are the countries contributing in the expansion of meat substitutes market?
• At what level does the report reflect pricing analysis?

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

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The growing demand for organic goods in both developed and developing countries has a big influence on the global banana flakes market. As people become even more increasingly health – conscious across the world, there is a growing desire for healthier foods.

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Banana Flakes are estimated to reach a value of USD 810 million by 2032, surging at 4.6% CAGR through the decade.

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Organic food consumption is becoming more popular throughout the world, with people becoming more interested in organic production practices. Growing market for gluten-free, organic, and nutritious products is anticipated to raise the demand for banana flakes over the next decade.

The growth of fast service local restaurants outlets in emerging countries including the Middle East and Africa, as well as Asia and the Pacific, has resulted in a favourable shift in demand for banana flakes as a healthy fast food alternative.

This trend is expected to continue and extend throughout developed regions in the coming years. Despite the fact that conventional is the more popular source in terms of units eaten, the organic category is projected to grow at the rapid pace in terms of revenue throughout the forecast period.

Key Takeaways from Market Study

• Banana flake consumption in India is predicted to expand at an annual pace of over 8%.
• With a growth expected to surpass 6%, Germany is one of the most important countries in the European Snack Pellets market.
• During the forecast period of 2022-2032, the organic category is predicted to develop at the fastest rate in terms of value, with a CAGR of 6.5 percent.
• As banana flakes are gluten-free, their popularity is predicted to grow as a result of their health benefits.
• Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

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“The growing focus on the consumption of organic food products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights.

Competitive Landscape

Banana flakes have a strongly competitive global market. To stay ahead of the game and outperform their competitors, businesses are using innovative methods such as expanding their worldwide client base and utilising various advertising approaches.

They’re focusing on increasing production capacity and also doing research and innovation to create products that highlight the nutritional advantages of banana flakes.

Some of the leading companies offering Snack Pellets are Orkla Group, Raeler Fruchtchips GmbH, Om Foods Inc, Van Duren Farms,  Johs. Thoms GmbH & Co. KG, Tradal Brazil, Z Natural Foods,   Symrise, Seawind International LLC, VINJ-Food,Dermasal.,  Nutritional Designs, Inc., Futurcorp S.A., Cosmo Foods, Agro America, and Grupo Industrial Michel.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the banana flakes presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Source:

• Organic
• Conventional

Application:

• Household
• Food & Beverage Industry
• Other Application

Sales Channel:

• Direct Sales
• Indirect Sales

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Region:

• North America
• Latin America
• Europe
• Japan
• Asia Pacific Except Japan-APEJ
• Middle East and Africa-MEA

About FMI

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

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The global banana flour market is set to witness growth at a CAGR of 3.8% and top a valuation of USD 735.6 Mn by 2032.

The growing awareness of the health advantages of banana flour is propelling the worldwide banana flour business forward as it is high in fiber, gluten-free, minerals, and vitamins like vitamin E, zinc, manganese, magnesium, and potassium.

It helps to regulate blood sugar levels and also aids in the reduction of cholesterol, the improvement of heart health, and the stimulation of neuron and muscle activity.

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Banana, being a climacteric fruit stores the majority of its carbs as starch. It is unique among fruits in that the majority of its starch is resistant. Resistant starch is prebiotic that boosts the number of good bacteria in the human intestines.

The human gut contains billions of germs from 300 to 500 different bacterial types. The majority of the gut flora is beneficial. These beneficial bacteria feed on the undigested fibers and starch that reach the gut.

As a result, the resistant starch ferments, creating optimal circumstances for a wide range of beneficial bacteria and increasing the bacterial populations. It also suppresses pathogenic bacteria 5 (infect the host human with infectious diseases) at the same time, acting as a boon for human health.

These features are attracting a growing number of health-conscious customers, therefore, shooting up the growth of the banana flour market across the globe.

Key Takeaways from Market Study

• The banana flour market is expected to expand at CAGRs of 1% and 2.8% in Latin America and the Middle East & Africa, respectively, through 2032.
• Market share of Asia Pacific is 2% in 2022. Every year, a considerable amount of bananas are produced in the Asia Pacific region, particularly in India, resulting in the expansion of the banana flour business in the region.
• The North American banana flour market is currently pegged at 50,883 Metric tons. Banana flour has seen a boom in demand in the region, as the product is widely utilized in the manufacture of infant food.
• In Africa, banana flour is also seen as a less expensive alternative to wheat flour. It is a healthy alternative to ordinary flour since it promotes the growth of beneficial bacteria in the gut and considerably aids in weight loss, therefore, MEA stands at a market value of USD 275.4 Mn in 2022.

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“Manufacturers of banana flours can step into product expansion in the dietary fibers market which is growing at a high rate due to rising health consciousness as the FDA recently classified resistant starch (RS) derived from green banana flour as a dietary fiber.”, says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of banana flours are not only expanding their gluten-free offerings portfolio but, the majority of them concentrate on successful marketing and promotional techniques. Furthermore, for a number of organizations in the banana flour industry, mergers, and acquisitions aimed at global expansion will remain a major strategy.

Explore More Valuable Insights

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

Detailed Market Segmentation Of Banana Flour Market

Process:

• Sun-dried
• Freeze-dried
• Spray-dried
• Others

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Region:

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

Application:

• Beverages
• Pet Food and Feed Industry
• Household
• Food Industry
• Bakery & Snacks
• Infant Foods
• Filling and Dressings
• Soups and Sauces
• Others

Source:

• Organic
• Conventional

Sales Channel:

• Direct Sales
• Indirect Sales
  • Modern Trade
  • Convenience Store
  • Specialty Store
  • E-Retailers
  • Other retail formats

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

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