Delivery And Takeaway Food Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027

Changing in consumer’s demographic factors, eating habits along with busy schedule, advancement in information technology and availability of labour force have created demand and opportunity in food delivery industry in near future. Moreover, in today’s competitive business era, various companies are adopting differential marketing and sales strategies to enhance their customer base by directly delivering restaurant meals or creating a takeaway option for consumers.

The delivery and takeaway food is undergoing rapid change as online platforms are getting more popularity among people who wish to dine food within the home and yet want the quality of restaurant’s meals. Thus, increasing demand for home delivery and fast foods have propelled the growth of delivery and takeaway food market during the forecast period.

Delivery and Takeaway Food Market: Drivers and Restraints

Delivery and takeaway food market is witnessing maximum growth owing to rise in busy lifestyle and hectic schedule of population, expanding urbanization, quick access to mobile phones, increasing use of m-Commerce, growing demand for hygiene fast foods, and expanding internet penetration for ordering food online has boosted various food chain restaurants to incline towards online distribution channels to enhance their overall sales. Moreover, effective supply chain for food delivery along with mergers & acquisitions in the food industry is some of the other factors that can boost the demand for delivery and takeaway food over the forecast period.

However, unhealthy perception of fast foods among consumers, price war due to heterogeneous nature of the market, and food regulations by the regime for food safety & standards may hamper the growth of delivery and takeaway food market in near future.

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Delivery and Takeaway Food Market: Overview

Delivery and takeaway food market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well in the near future owing to consumer preference for online ordering, growing online marketing strategies by companies to connect with consumers, and consumers preference for hygiene & healthy food rather the fast food while placing an order. Moreover, demand for fresh food, quick home delivery, and easy accessibility are some of the factors that can accelerate the market revenue growth of delivery and takeaway food during the forecast period.

Based on distribution channel, online channels are anticipated to grow at the significantly high CAGR over the forecast period. This is attributed to the convenient option to the customers w.r.t. transparency, easy mode of payment, high security and traceability of their order. Thus, various players are focussing on enhancing their tracking technology and delight consumer’s experience with home delivery and takeaway food with a view to engage more customers and create loyalty among them.

Delivery and Takeaway Food Market: Region-wise Outlook

Depending on geographic region, delivery and takeaway food market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia Pacific, and Middle East & Africa.

North America dominates the delivery and takeaway food Market owing to high presence of online food delivery service companies, rising demand for customization in food offerings, high acceptance of fast foods among consumers, intensive advertisement by key players for hygiene food home delivery services, presence of restaurant chains that offers home delivery services and growing demand for ready-to-eat products.

Asia Pacific holds huge potential and shows substantial growth in terms of rising consumption of fast foods, increasing usage of m-Commerce, expanding advanced technology and internet penetration and high presence of local players are some of the factors which strengthen the growth of delivery and takeaway food market throughout the forecast period.

Delivery and Takeaway Food Market: Key Players

Some players of delivery and takeaway food market are Delivery Hero Holding GmbH, Foodpanda GmbH, Just Eat Holding Limited, Takeaway.com Holding B.V, Grubhub, Inc., Domino’s Pizza Inc., Snapfinger, Inc., Pizza Hut Inc., Foodler Inc., Mobo Systems, Inc., and Zomato Media Private Limited.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
  • Eastern Europe (Russia, Poland)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Delivery and Takeaway Food Market: Segmentation

The delivery and takeaway food market has been classified on the basis of product type, food price range, and distribution channel.

Based on product type, the delivery and takeaway food market is segmented into the following:

  • Veg
  • Non-veg

Based on food price range, the delivery and takeaway food market is segmented into the following:

  • High
  • Mid
  • Low

Based on distribution channel, the delivery and takeaway food market is segmented into the following:

  • Fast-Food Chain Restaurants
  • Online Channels
  • Independent Restaurants
  • Others

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

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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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Plant-Based Milk Market Segmentation By Product Type, End-User, Vendor Analysis, Top-Vendor Offerings 2022-2031

Popularity of vegan diets can be attributed to popularity of veganism and rising focus on sustainable living. As per Future Market Insights (FMI), these factors will create conducive environment for the expansion of the plant based milk market. The report also forecasts the sales of plant-based milk to increase at 8.8% CAGR between 2021 and 2031, the overall market value is expected to reach US$ 30.79 Bn by 2031.

Concerns about the humane treatment of animals have also had a significant influence in the gradual shift toward vegan diets. The market for plant-based milk is predicted to expand as a result of these factors.

Consumers have become more appreciative of and inclined toward plant-based products, such as juices and other plant-based beverages, as health and wellness concerns have grown, due to the rise in prevalence of obesity, diabetes, and cardiovascular diseases.

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Plant-based goods contribute to healthy eating habits by providing higher nutritional content, vitamins, minerals, and healthy fats. Veganism is gradually becoming more popular. Some of the countries have been identified to represent the trend from the fore at global forums. For instance:

  • In 2016, Singapore earned the spot of second-most vegan friendly Asian city by PETA Asia. Singapore was also titled the top 6th vegan city in the world by Happy Cow.
  • Hong Kong was listed in the top 10 vegan friendly countries by Peta Asia in 2020. According to a vegan business platform, Eco Warrior Princess, roughly 25% -70% of Hong Kong residents consume vegan meals.
  • Thailand witnessed the launch of several vegan restaurants and food outlets recently such as Veganerie, Vistro, May Veggie Home, and Swees among others.

Key Takeaways from the Plant-based Milk Market Study:

  • The U.S. is estimated to account for more than 80% of the North America market in 2021, supported by consumer awareness regarding nutritional foods.
  • According to FMI’s analysis, China is estimated to account for more than 60% of the Asia Pacific market in 2021, supported by easy availability of raw materials.
  • The U.K. is a high potential market in Europe, accounting for over 9.4% value share, supported by the popularity of clean label trends.
  • Sales via online retail are expected to grow at 10.8% CAGR through 2031.

“Consumers across the globe are becoming increasingly health-conscious. Increasing focus on health and wellness have been drawing them towards plant-based milk in comparison to regular diary. This also is encouraging the market players to put greater emphasis on product launches,” said a lead analyst at FMI. 

Sustainability of Plant-based Milk Production to Increase its Appeal

Plant-based milk is popular among customers because of benefits it provides in terms of sustainability, nutrition, and convenience. Consumers now demand food & beverages that are good for both their bodies and environment.

There are various concerns with conventional dairy products, including inhumane livestock rearing & addition of pesticides and chemicals to dairy milk, among others. Because of its vegan origins and branding as a health product, demand for plant based milk such as oat milk is likely to increase.

Who is winning?

Manufacturers of plant-based milk are trying to attract customers by packaging their products in cartons which are creatively and beautifully crafted. It helps plant-based milk producers differentiate their beverage from the rest and draws more customers as buyers choose to purchase a more visually appealing product compared to a typical product.

Some of the leading companies offering plant-based milk are

  • Groupe Danone
  • Alpina Foods
  • Blue Diamond Growers, Inc.
  • Döhler GmbH
  • Earth’s Own Food Company Inc
  • Elden Foods Inc
  • Freedom Foods Group Ltd
  • Goya Foods
  • Groupe Danone
  • Hain Celestial Group, Inc
  • Kaslink Foods Oy Ltd
  • Living Harvest Foods Inc
  • Liwayway Holdings Company Limited
  • Mc Cormick & Co.
  • Natura Foods
  • Nutriops SL
  • Organic Valley
  • Pacific Foods of Oregon, Inc
  • Others

Get Valuable Insights into Demand for Microalgae in Food & Beverage Sector 

Future Market Insights, in its new offering, provides an unbiased analysis of plant-based milk presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the plant-based milk based on nature (organic and conventional), by form (liquid and powder), by product type (soy milk, almond milk, coconut milk, cashew milk, hemp seed milk, rice milk, oat milk, peanut milk, pea milk, hazelnut milk, macadamia milk, flax milk, walnut, and other product types), by flavor (unflavored & flavored), and by end-use (infant formula, dairy products, bakery & confectionary, milk & milk-based beverages, and retail sales), sales channel (direct sales and indirect sales) across seven major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).

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Detailed Table of Content:

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

        3.1.1. Transformed Packaging Format

        3.1.2. Increased advertising spend

        3.1.3. Brandishing Functional claims to acquire new customers

        3.1.4. Increased retail shelves visibility

    3.2. Product Innovation / Development Trends

4. Introduction to Flavor Profiles for Plant Based Milk

    4.1. Manufacturers ensuring taste is the key

    4.2. Flavors triggers interest

    4.3. A movement towards more indulgent flavors in plant based dairy category

    4.4. Going nuts about milk

    4.5. Global Plant based Flavored Milk Market Outlook, 2020

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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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Microalgae Market SWOT Analysis, Business Growth Opportunities by Top Companies, Future Challenges and Forecast to 2028

Sales in the global microalgae market are slated to top US$ 11.4 Bn in 2022. Expanding at a healthy 8.0% CAGR, the market size is projected to total US$ 18.1 Bn by 2028. As per Future Market Insights (FMI), the global shipment of microalgae will reach 63,864.60 DW tons by 2021-end. Application of microalgae in food and beverage sector is expected to spur the demand, with sales reaching a value of US$ 99.6 Bn through 2021 and beyond.

Demand for plant-based and organic food and supplements will increase the adoption of microalgae, creating lucrative growth opportunities for market players in the forecast period (2021-2031).

Rising use of microalgae proteins and ingredients in the production of pharmaceutical, nutraceutical, and aquaculture products will be a key growth driver. As aquaculture and animal feed industries are highly dependent on plant-based additives for higher nutritional value, demand for microalgae-based ingredients pet food is increasing.

Microalgae such as spirulina and chlorella are extensively used in the production of dietary supplements. Now, with rising awareness about the advantages of plant-based dietary supplements among consumers, key players are increasing the use of microalgae in the production.

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As microalgae is highly rich in anti-oxidants and has anti-inflammatory properties, extensive use of microalgae-based ingredient in healthcare and wellbeing industry is expected. According to the report, healthcare sector is expected to emerge as the primary end user, followed by the food and beverage sector.

Driven by a myriad of health benefits, demand for spirulina as a healthy additive will increase in the food & beverage industry. According to Future Market Insights, over 41.3% of microalgae sales will come from the spirulina segment.

Increasing consumer inclination towards plant-based products and demand for organic and sustainable food proteins will create lucrative growth opportunities for leading players within food & beverage and healthcare industry.” says the Future Market Insights analyst.

Key Takeaways from Microalgae Market Survey

  • In terms of application, food and beverage sector is leading the segment with market valuation expected to surpass US$ thousand 99,623.3 by 2021-end
  • Application of microalgae in cosmetic industry will boost the sales, with the segment witnessing steady growth at 4.2% CAGR through 2021
  • Demand for microalgae in pet food sector will lift the sales, representing nearly 7% of year-on-year growth in 2021
  • In terms of species, spirulina will lead the market with over 41.7% of market share in 2021
  • Japan is expected to offer lucrative growth owing to increasing investments from government and private organization in food & beverage industry
  • The U.S. will lead the market growth owing to the rising demand for plant-based food and supplements in the country

Key Drivers

  • Rising consumer inclination towards plant-based and sustainable food products will drive the demand
  • Increasing adoption of microalgae to develop preventive healthcare and nutraceuticals food supplements will spur the sales
  • Growing demand for natural and organic antioxidants is expected to provide growth opportunities for microalgae manufacturers

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Microalgae Market – Participants Insights

With increasing demand for natural and organic food products, microalgae manufacturers are focusing on developing microalgae additives to cater to the surging demand. Extensive research and development activities also are undertaken for the expansion of product portfolio.

As per Future Market Insights, presence of numerous established players in the market is resulting in intense competition. To sustain their position in the industry, key players are emphasizing on product launches and innovations.

For instance:

  • In July 2021, Microphyt, a leading company in the production and marketing of microalgae-based bioactive ingredients announced the launch of SCALE, world’s first fully-integrated microalgae biorefinery to accommodate growing demand for nutrition in food & beverage, personal care, and wellness industries.
  • In June 2021, Polaris announced the launch of Omegavie DHA 800, algae oil sourced from microalgae, rich in vitamins, proteins, and enzymes. The product launched in France which offers plant-based and sustainable origin for polyunsaturated fatty acids.
  • In July 2020, Unilever and biotech start-up Algenuity announced their partnership to delve into the huge potential that microalgae bring in innovating future foods for Unilever’s plant-based portfolio.

Some of the leading players operating in the microalgae market profiled by Future Market Insights are:

  • DIC Corporation
  • Koninkliijke DSM NV
  • Roquette Frères
  • Sun chlorella
  • Cellana LLC
  • Fuji Chemical Industries Co., Ltd.
  • Corbion (TerraVia Holdings)
  • Yunnan Green-A-Bio-engineering Co Ltd
  • Buggypower
  • Cyanotech Corporation
  • Algatec (Lusoamoreiras)
  • BASF SE
  • Parry Nutraceuticals
  • KDI Ingredients.
  • Sinoway Industrial Co., ltd.
  • INNOBIO Corporation Limited
  • Algatechnologies Ltd.
  • Others

More Valuable Insights on Market

FMI, in its new report, offers an unbiased analysis of the global microalgae market, analysing forecast statistics through 2021 and beyond. The survey reveals growth projections on in microalgae market with detailed segmentation:

By Species Type:

  • Spirulina
  • Chlorella
  • Dunaliella
  • Haematococcus
  • Crypthecodinium
  • Schizochytrium
  • Euglena
  • Nannochloropsis
  • Phaedactylum
  • Others

By Source:

  • Marine Water
  • Fresh Water

By End-Use Application:

  • Food and Beverages Sector
  • Health and Medical Sector
  • Animal Feed Sector
  • Pet Food Sector
  • Cosmetics and Personal Care Sector
  • Fertilizers Sector

By Region:

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

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Key Questions Covered in the Microalgae Market Report 

  • The report offers detailed insights into microalgae demand outlook for 2021-2031
  • The market study also highlights projected sales growth for microalgae market between 2021 and 2031
  • Microalgae market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Microalgae market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

About FMI

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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Cat Food Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2031

Future Market Insights, Dubai: As per Future Market insights (FMI), the global market for cat food is anticipated to surpass a valuation of US$ 65.2 Bn by 2031 in comparison to the valuation of US$ 40.78 Bn registered in 2021, expanding at a CAGR of 4.8% over the forecast period 2021-2031.

The cat adoption rate is phenomenally increasing, especially on account of increasing pet humanization trends coupled with growing millennial population. Due to growth reported in the number of cat owners, the demand for nondiscretionary and discretionary products is on a rise, which in turn, is driving growth of the cat food market.

Some of the leading manufacturers are focusing on introducing a wide variety of premium food products including, vegan, organic, and gluten-free variants to feed cats with healthier meals. Other market players are also joining the bandwagon by launching innovative packaging solutions to gain competitive.

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Among various types, wet cat food segment is gaining traction in the market due to its balanced flavor profile covering vitamins, and minerals. As per the study, it is expected to register a CAGR of around 5% over the forecast period 2021-2031.

With advancements in e-commerce, consumers are now transitioning towards online retailers for purchasing cat food products, which, in turn is spurring sales prospects. As per FMI, it is forecast to expand at a CAGR of 5.9%, reaching a valuation of US$ 8,939.4 Mn by the end of 2031.

Growth prospects are likely to remain positive in China driven by growing urbanization, widespread pet humanization trends and rise in pet ownership trends especially among younger generation. FMI has estimated that, China will account for over 50.8% of East Asia sales in 2021.

Increasing urbanization along with rising disposable income is contributing to the growth of the cat food market. Growing emphasis on pet humanization trends along with cultural trends are further spurring sales prospects. Besides these, leading market players are focusing on expanding their portfolio. Therefore, a slew of new plant-based products are being launched, which is expected to bode well for the market,” said a FMI analyst.

Key Takeaways from Cat Food Market Survey

  • Driven by pet humanization trend, China is estimated to account for 50.8% of East Asia market share in 2021.
  • Thailand market for cat food is forecast to grow at a CAGR of 7.5% over the assessment period 2021-2031.
  • The U.S. is leading the market for cat food in North America and is estimated to account for over 89.1% of North America market in 2021.
  • Based on type, demand for wet cat food is anticipated to rise at a CAGR of 5% over the forecast period.
  • Based on distribution channel, online retailers are expected to grow at a CAGR of 5.9% over the assessment period.

Key Drivers

  • Pet humanization is a major factor driving demand for cat food market.
  • Owing to its high nutritional profile, cat food market is growing at a rapid pace.
  • Growing urbanization along with steady growth observed in the number of cat owners is propelling demand for cat food.

Key Restraints

  • High impact regulations in the cat food industry is likely to restrict the market growth.

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Competitive Landscape

Cat food manufacturers are focusing on new product launches to enhance their product portfolio.

For instance, in 2020, Purina announced the launch of its new, one of its kind cat food called Pro Plan LiveClear, which reduces allergens on cat hair and dander.

In 2021, Catit, the brand known for its range of cat toys and accessories announced the launch of Nuna, the UK’s first ever range of insect-based cat food. With this new launch Catit aims at setting up a new standard in the premium food category.

Some of the leading players operating in the cat food market profiled by Fact.MR are:

  • Evanger’s Dog & Cat Food Company, Inc.
  • Mars Incorporated
  • Purina
  • Hill’s Pet Nutrition
  • Affinity Petcare SA
  • Nutro Products Inc.
  • Dave’s Pet Food
  • Boulder Dog Food Company
  • Rollover Pet Food Ltd.
  • Real Pet Food Company Pty Ltd
  • Freshpet
  • Burgess Group PLC
  • Nature’s variety
  • Fromm Family Foods LLC
  • JustFoodForDogs ( approx)
  • The J.M. Smucker Company
  • Steve’s Real Food
  • Natures Goodness Pet Food
  • Party Animal, Inc.
  • Iams

More Valuable Insights on Cat Food Market

FMI, in its new report, offers an unbiased analysis of the global cat food market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in cat food market with detailed segmentation:

By Nature:

  • Organic
  • Monoprotein
  • Conventional

By Source:

  • Animal Derived
    • Fish
    • Chicken
    • Duck
    • Beef
    • Pork
    • Venison/Game
    • Lamb
    • Turkey
  • Plant-derived
  • Insect-derived
    • Crickets
    • Mealworms
    • Black soldier flies

By Product Type:

  • Kibble/Dry
    • Extruded
    • Baked
    • Coated
  • · Treats and Chews
    • Pastes
    • Cremes / Cream-Snacks
    • Crunchy snacks
    • Chew sticks
    • Tablets
    • Biscuits
    • Cat Milk / Milk snacks
  • Dehydrated Food
  • Freeze Dried Food
  • Freeze-Dried Raw
  • Wet Food
  • Frozen
  • Raw Food
  • Powder

By Pet Type:

  • Kitten
  • Senior

By Packaging Type:

  • Pouches
  • Bags
  • Folding cartons
  • Tubs & Cups
  • Can
  • Bottles & jars

By Distribution Channel:

  • Store-based Retailing
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Pet Stores
    • Discounters
    • Independent Grocery Retailers
    • Drugstores
    • Other Retail Formats
  • Online Retailers

Key Questions Covered in the Cat Food Market Report 

  • The market survey also highlights projected sales growth for cat food market between 2021 and 2031
  • The report offers insight into cat food demand outlook for forecast period 2021-2031.
  • Cat food market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Cat food market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

About FMI

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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Caramel Food Colors Market 2022 Strategic Analysis, Growth Drivers, Industry Trends, Demand And Future Opportunities Till 2031

As per Future Market insights (FMI), the global market for caramel food colors is anticipated to surpass a valuation of US$ 409 Mn by 2031 in comparison to the valuation of US$ 165.2 Mn registered in 2021. The market has been forecast to exhibit a CAGR of 9.5% over the forecast period 2021-2031.

Growing preference for foods that are not only appealing but also nutritious and healthy are accelerating growth of the caramel food colors market. Also, the increasing inclusion of caramel food colors in soy sauce, seasonings, breads, pet meals and cereals is spurring sales prospects.

Besides these, increasing scope for application in bakery and confectionary products is creating lucrative opportunities for growth. Demand will continue increasing owing to surging consumer spending on specialty and decorative food products.

Among various types, caramel (sulphite ammonia) is gaining traction in the food and beverage industry on account of its stabilizing and coloring properties. FMI has forecast that the segment will account for over 50% of the market share in 2021.

Regionally, North America will emerge as a highly lucrative market. Growth prospects for the U.S. market remain positive driven by increasing demand for chocolates in the country. Caramel food colors are often included in chocolates. Considering this, rising chocolate sales will remain a chief growth driver for the market in the U.S.

Manufacturers are focusing on expanding their premium product lines by incorporating novel flavors and colors such as candy-coated lentil, liquor-flavoured caramels, and caramel-centered products.

Leading market players are focusing on new product launches to address the evolving needs of consumers across the globe. Besides this, the increasing emphasis on acquisitions and partnerships programs is bolstering growth prospects for the market,” said a FMI analyst.

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Key Takeaways from Caramel Food Colors Market Survey

  • Driven by rising demand for chocolates, the U.S. is estimated to account for 84.7% of North America market in 2021.
  • India market for caramel food colors is projected to reach a valuation of US$ 8.3 Mn in 2021.
  • Backed by increasing usage of caramel food colors in energy drinks, China is likely to grow at a CAGR of 7.4%.
  • Brazil is anticipated to account for over 48.5% of the Latin America market owing to increasing demand for caramel food color in the local beverage industry.
  • Germany is leading the caramel food colors market in Europe and is expected to account for 23.1% of the overall market share in 2021.

Key Drivers

  • Rising application in bakery and confectionary sectors is propelling scope for expansion of the market.
  • Rapid growth witnessed in the convenience food industry is expected to accelerate the sales of caramel food colors.

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Competitive Landscape

Caramel food colors manufacturers are undertaking acquisitions and partnerships to gain a strong foothold in the market.

For instance, in 2018, Roquette announced the completion of acquisition Sethness Products Company, a leading manufacturer of caramel colors for food and beverage applications. This acquisition aligns with Roquette’s growth strategy focused on expanding its portfolio of food, nutrition and health to address the needs of existing as well as new customers.

In 2021, Chr. Hansen Natural Colors, a global leading provider of natural colors announced the acquisition of SECNA Natural Ingredients Group to expand its strong pigment portfolio.

Some of the leading players operating in the caramel food colors market profiled by Fact.MR are:

  • BioconColors
  • DDW, The Color House
  • Döhler Group.
  • Kalsec Inc.
  • DSM
  • Naturex S.A.
  • Others

More Valuable Insights on Market

FMI, in its new report, offers an unbiased analysis of the global caramel food colors market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in caramel food colors market with detailed segmentation:

By Type:

  • Caramel (Plain)
  • Caramel (Caustic sulphite)
  • Caramel (Ammonia)
  • Caramel (Sulphite ammonia)

By Application:

  • Beverage
    • Milk Drinks & Milk Alternatives
    • Alcoholic Beverages
    • Carbonates (Carbonated Soft Drinks)
    • Sports Drinks
    • Coffee & Cocoa
    • Tea
    • Energy Drink
    • Juice Based Drinks
    • Flavored water
    • Enhanced Water
    • Sparkling Waters
  • Bakery, Snacks, & Cereal
    • Breakfast Cereal
    • Bread
    • Cakes & Pastries
    • Cookies
    • Biscuits & Cones
    • Frosting / Icing
    • Crackers & Savoury Snacks
  • Candy / Confectionery
    • Panned Candy
    • Chocolate & Compound Coating
    • Gummies
    • Chewing Gum
    • Jellies & Licorice
    • Sprinkles & Sugar
    • Hard Candies / Boiled Sweets
  • Dairy
    • Cheese
    • Ice Cream
    • Milk Drinks & Milk Alternatives
    • Pudding / Custard
    • o Dips & Spreads
    • Yogurt
  • Fruit Preparations / Fillings
  • Meat, Poultry, Fish, & Eggs
    • Casings
    • Egg & Egg Substitute
    • Fish / Seafood
    • Jerky
    • Meat Substitute
    • Processed Meat & Poultry
  • Potatoes, Pasta, & Rice
    • Pasta
    • Potato Chips / Crisps
    • Processed Potatoes
    • Rice
  • Sauces, Soups, & Dressings
    • Asian Sauces
    • Barbecue & Steak Sauce
    • Condiments
    • Gravy / Dry Sauce Mix
    • Marinade
    • Oils & Dressings
  • Seasonings
    • Batter
    • Breading and Coating
    • Bouillon / Soup Base / Stock
    • Liquid Smoke
    • Spice Blends / Dry Seasonings
  • Pet Food
    • Extruded / Dry Pet Food
    • o Snacks / Treats
    • Wet Food

By Region:

  • North America
  • Latin America
  • EMEAI
  • APAC

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Key Questions Covered in the Caramel Food Colors Market Report 

  • The market survey also highlights projected sales growth for caramel food colors market between 2021 and 2031
  • The report offers insight into caramel food colors demand outlook for forecast period 2021-2031.
  • Caramel food colors market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Caramel food colors market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

About FMI

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

Contact:

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Vegan Dog Food Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

The global vegan dog food market is primarily driven by the increasing demographics for vegan population. The growing opportunity for vegan dog food due to rising pet ownership, along with increasing demand for healthy pet food products will spur the overall market growth around the world.

According to a new report by Future Market Insights (FMI), the market is set to rise at a CAGR of 6.9% through the end of the forecast period in 2031 with a valuation of over US$ 12.22 Bn. 

The increasing focus on the health of dogs has augmented the market demand for vegan dog food.

Dog owners are looking for food products with higher nutritional value. The growing awareness regarding healthy dog food is propelling the demand of vegan dog food in the market. These aspects are encouraging product launches, subsequently driving overall growth.

  • In May 2020, Bond Pet Foods, Inc., has introduced its first consumer product – animal-free, a high-protein dog treat bar. The company is headquartered in the U.S. and work with biotechnology to produce the convenient Protein-Packed treat bar for dogs that has been accepted by veterinary nutritionists for high palatability and digestibility.

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Key Takeaways from the Vegan Dog Food Market Study

  • In terms of nature, conventional vegan dog food is most preferred and will hold a dominant share of more than 81.2% in 2021. It is expected to grow at a CAGR of 6.0% over the forecast period.
  • Kibbles or dry vegan dog food will hold the maximum share of 24.3% in 2021 exhibiting a CAGR of 5.8% in the forecast period.
  • Puppies are dominating the global vegan dog food industry in terms of age group with the market share of 53.6% in 2021.
  • Among the sales channel, store based retailing is the most preferred and holds a dominant share of more than 86.4% in 2021 and is expected to grow at a CAGR of 6.1% over the forecast period.
  • Bags will hold the maximum share of 36.8% in 2021. The use of stand-up bags in the pet food packaging business is the newest trend.

“The expansion of the vegan industry has evidently created opportunities vegan dog food sales. Besides this, awareness regarding their pet’s health and wellbeing has attracted pet owners to shift towards vegan diet for their dogs.” said a lead analyst at FMI

Who is winning?

To meet the rising demand from customers, manufacturers are investing extensively to refresh their stocks with vegan dog food products. For instance:

  • In May 2020, Nestlé Purina PetCare, has announced about the series of investments (CHF 100 million) in plants, such as plant-based pet food products, this will further build up the company’s footprint in the Chinese market.
  • In November 2019, Nestlé Purina PetCare authoritatively opened its 21st U.S.-based pet care product production unit in the Hartwell. Purina will manufacture its wet pet food brands, including Purina ONE, Pro Plan, and Fancy Feast at its new plant (Hartwell) and mainly serve the south-eastern pet food market.

Some of the key players in vegan dog food market are Mars Incorporated, Hill’s Pet Nutrition, Lafeber Co., Fromm Family Foods LLC., Dave’s Pet Food, Boulder Dog Food Company, L.L.C., Champion Petfoods, Nutro Products Inc., Evanger’s Dog & Dog Food Company, Inc.

Get Valuable Insights into Vegan Dog Food Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the Vegan Dog Food market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the vegan dog food market based on product type (kibble/dry, dehydrated food, treats and chews,   freeze-dried raw, wet food, frozen, powder and freeze-dried food), nature (organic and conventional), by age group (adult, senior, puppy), by packaging (pouches, bags, folding cartons, tubs & cups, can, bottles & jars) (by distribution channel (direct sales/B2B, HoReCa, and indirect sales) across ten major regions North America, Latin America, Europe, APEJ, Japan, Oceania, and MEA.

Key Points Covered in Vegan Dog Food Market Survey

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Vegan Dog Food and How to Navigate
  • Recommendation on Key Winning Strategies

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-13685

Key Questions Answered in the Report

  • What is the overall global Vegan Dog Food market value?

The global vegan dog food market is expected to surpass a valuation of US$ 10,560.40 Mn by 2021.

  • What is the demand outlook for Vegan Dog Food market?

The vegan dog food market will register a steady rise in demand through 2021. As per FMI, the market is expected to register a CAGR of 6.9% in the forecast period.

  • What are the key trends dominant in the Vegan Dog Food market?

The main determining variables are the growing vegan preferences in pet food and manufacturers’ focus on meeting regulatory criteria.

  • What are the key factors propelling the sales of Vegan Dog Food?

Increasing health concerns among pet dogs have resulted in a demand for meat-free dog food, as dog owners have become more concerned about their dogs’ health and well-being, are significant reasons driving vegan dog food sales.

  • What is the North America Vegan Dog Food market outlook?

North America is a major market for vegan dog food. It will register 4.8% CAGR through the end of 2031.

  • What is the cumulative share of the top ten companies in the Vegan Dog Food market?

The top five companies operating in the Vegan dog food market are Nestlé Purina PetCare, Mars Incorporated, Hill’s Pet, Evanger’s Dog & Cat Food Company, Inc., and Rollover Premium Pet Food Ltd.  These companies hold a market share of 30 to 40% of the global vegan dog food market.

  • At what rate will the Vegan Dog Food market grow in Europe?

Future Market Insights has forecast the European vegan dog food market to exhibit a CAGR of 6.6% between 2021 and 2031.

  • Which are the top 5 countries exhibiting high demand for Vegan Dog Food?

The U.S., Canada, U.K., Japan, Germany and France are among the leading markets for vegan dog food, exhibiting consistently high demand.

  • What is the share of the Germany and China Vegan Dog Food markets?

As per Future Market Insights, Germany vegan dog food market accounts for 14.7% in Europe, while China accounts for 37.3% of the East Asia market.

About FMI

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

Contact:

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Animal Feeds Microalgae Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2031

As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors fuelling the demand for microalgae in animal feed sector.

Rapid urbanization, rising disposable income, and growing awareness regarding benefits of natural antibiotics such as astaxanthin are positively impacting the sales of microalgae products.

Increasing consumption of animal proteins also is creating opportunities for sales of high quality fish and animal feed to derive healthy source of proteins for humans. As a result, microalgae products are gaining traction.

The rise in global population has led to the exploration of alternative sources of energy and food. Microalgae supplements not only benefit animal diets but also add value to the end products. The inclusion of microalgae in animal diets improves overall yield in animals.

Adoption of microalgae as feed ingredients is increasing, especially as a renewable alternative to traditional counterparts such as corn and soybean. It has been found that microalgae have anti-oxidant, anti-microbial and diseases preventing properties that can increase the lifespan of animals and fishes. As a result, they are being increasingly adopted in animal feed.

According to FMI, the surging demand for microalgae products across aquaculture and poultry industries will create scope for the expansion of the market during the forecast period.

Spirulina will lead the market in terms of species type. It is expected to account for a market share of around 39% in 2021. This can be attributed to its highly nutritional properties. North America is one of the leading regions, exhibiting high demand for microalgae. It is expected to account for 36.1% of the global microalgae sales in animal feed sector in 2021.

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“Growing demand for meat and dairy products to cater to the consistently increasingly population will continue to fuel the demand for microalgae in the animal feed sector,” says the FMI analyst.

Key Takeaways from Demand for Microalgae in Animal Feed Market Survey

  • The U.S. will account for over 92% of sales in North America through 2031.
  • Owing to the increasing sales of meat protein products, the demand for microalgae in Germany animal feed sector is expected to surpass a valuation of US$ 2.5 Mn in 2021.
  • Brazil holds more than 52% value share in Latin America, driven by demand from a massive animal husbandry industry.
  • Spirulina with its high nutritional properties account for more than 39% of the global market in 2021.
  • Freshwater microalgae accounted for 82% of global demand for microalgae in animal feed sector in 2021.

Key Drivers

  • Growing demand for meat and dairy products is bolstering the demand for microalgae in the animal feed sector.
  • Rising awareness regarding the benefits of microalgae-based animal feed products is aiding the growth of the market.
  • High adoption of microalgae products in aquaculture and poultry industry will further escalate the demand.

Key Restraints

  • Availability of substitutes is hampering the demand for microalgae in the animal feed sector.
  • High cost of microalgae-based animal feed also restraints the demand to some extent.

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Competitive Landscape

Key companies operating in the microalgae industry are aiming at developing new products. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

  • In July 2021, AstaReal AB, part of the AstaReal Group introduced its astaxanthin brand NOVASTA in the European Market, to support optimal health and nutrition for a variety of animals. NOVASTA is rich in natural astaxanthin, carotenoids, proteins, carbohydrates and essential fatty acids.
  • In July 2019 DSM, a global science-based company in nutrition, health and sustainable living, together with Evonik inaugurated their Veramaris 50-50 joint venture’s commercial-scale US$ 200 million production facility in Blair, Neb. (USA. This new site will begin commercial production of omega-3 fatty acids rich EPA and DHA from natural marine algae for sustainable salmon farming.

Some of the prominent players operating in the demand for microalgae in animal feds sector market profiled by FMI are:

  • DIC Corporation
  • Cyanotech Corporation
  • Koninkliijke DSM NV
  • Roquette Frères
  • BASF SE
  • Fuji Chemical Industries Co., Ltd
  • Parry Nutraceuticals
  • BGG (Beijing Gingko Group)
  • KDI Ingredients
  • Sinoway Industrial Co., ltd.
  • INNOBIO Corporation Limited
  • Yunnan Alphy Biotech Co., Ltd.
  • Algaecan Biotech Ltd.
  • Algatechnologies Ltd.
  • Cardax, Inc.,
  • Igene Biotechnology, Inc.
  • Fenchem Biotek Ltd.
  • AstaReal Inc.,
  • Others

More Insights on the Demand for Microalgae in Animal Feed Sector Sales Outlook

FMI provides an unbiased analysis of demand for microalgae in animal feed sector market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for microalgae in animal feed sector with a detailed segmentation on the basis of:

By Species Type:

  • Spirulina
  • Chlorella
  • Dunaliella
  • Haematococcus
  • Crypthecodinium
  • Schizochytrium
  • Euglena
  • Nannochloropsis
  • Phaedactylum
  • Others

By Source:

  • Marine Water
  • Fresh Water

By End Use Applications:

  • Poultry Feed
  • Swine Feed
  • Cattle Feed
  • Aquaculture Feed
  • Equine Feed

By Region:

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

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Key Questions Covered in the Demand for Microalgae in Animal Feed Sector Sales Outlook Report

  • The report offers insight into demand for microalgae in animal feed sector demand outlook for 2021-2031
  • The market study also highlights projected sales growth for demand for microalgae in animal feed sector market between 2021 and 2031
  • Demand for microalgae in animal feed sector survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Demand for microalgae in animal feed sector share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

About FMI

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Personal Care and Cosmetics Microalgae Market Study For 2022 To 2031 Providing Information on Key Players, Growth Drivers

The demand for microalgae in personal care and cosmetics market will soar with worldwide revenues up by 4.0% in 2021. Future Market Insights (FMI) estimates that the revenue generated from microalgae demand will grow by 1.5X of current market valuation between 2021 and 2031, reaching nearly US$ 76.50 Mn in 2031.

Over the course of the forecast period, the market is expected to register a compound annual growth rate (CAGR) of 4.2%

Consumers are switching towards vegan cosmetic products owing to growing awareness regarding animal welfare. Microalgae extracts have emerged as a suitable vegan substitute for producing cosmetic products, which will create scope for application in cosmetics sector.

Market players are looking to capitalize on anti-inflammatory and anti-microbial properties of microalgae for treating oral disorders. Algal extracts are now used in creating toothpastes, functional chewing gums, and mouthwash as gelling and water binding properties of hydrocolloids are becoming popular in dentistry.

Research on microalgae offered evidence that oral cancer prevention capabilities are present in them and can be used in treating chronic periodontitis and other dental disorders. These factors are expected to fuel the market growth in upcoming years.

Some species of microalgae have shown promising results in treating eye disorders. Zeaxanthin exhibits higher antioxidents properties than other plant sources and acts as a protective covering thus, aiding in eye healing. This has positively influenced the demand of microalgaes in eye product segment.

COVID-19 pandemic hindered the global personal care and cosmetic sales owing as various retail outlets and stores remained shuttered during extensive period of lockdown. Coupled with this, disruptions in transportation and production caused during stringent lockdown also hampered sales to an extent.

Nonetheless, recovery is fast approaching with government easing restrictions after vaccine roll outs.

“Owing to the increasing demand for premium cosmetic items, microalgae-based products manufacturers are focusing on producing high quality products using state of the art production technology. Increasing consumer spending on premium products will boost the market growth over the assessment period,” says the FMI analyst

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Key Takeaways

  • The U.S. is predicted to account for around 89% of the North America market by 2031, driven by rising popularity of vegan and organic products and increasing consumer willingness to buy premium products.
  • Growing consumer inclination towards organic and natural personal care products in the U.K. along with the focus on maintaining transparency in raw material and production methods among manufacturers will boost the demand for microalgae personal care products in the country.
  • Rising demand for high quality and safe cosmetic products will drive the sales of microalgae personal care and cosmetics in Germany at a CAGR of 3.4% in 2021.
  • Increasing use of Spirulina in the treatment of skin issues such as tanning, ageing, and pigment abnormalities along with rising use of microalgae in the production of skin whitening, anti-aging, and pigmentation reduction cosmetic products will drive the market growth.
  • Fresh water microalgae segment is anticipated to reach the market valuation of US$ 55.363 million in 2031, owing to its cost effective cultivation and higher yield.
  • Increasing adoption of microalgae in creating hair care products due to its anti-bacterial and hair growth boosting properties will support hair care product segment to grow at CAGR of 3.6% over the assessment period.

Competitive Landscape

Euglena, Koninkliijke DSM NV, Sun chlorella, Fuji Chemical Industries Co. Ltd., and Novagreen are the top five market players operating this market. As per the market analysis, they account for more than 35% share in global microalgae personal care and cosmetics market.

With rising popularity of organic products and clean label in personal care and cosmetic sector, market players are focusing on developing new products made from natural ingredients. They are also investing in research and development to keep up with market trends.

For instance,

  • Microphyte announced to start project “SCALE” in July 2021, to set-up the largest micro-algae biorefinery near Montpellier, France with the investment of US$ 18 million (15 million Euros).
  • Simris is planning to broaden its microalgae platform into Novel Foods and Biomimetics, to process microalgae biomass for skincare applications.
  • Yemoja Ltd. launched its new micro-algae synthesized external polysaccharide sulphate (EPS) in April 2021, for anti-aging, anti-inflammatory, and rejuvenation applications in cosmetics.

Some of the leading companies operating in the microalgae personal care and cosmetics market are:

  • DIC Corporation
  • Cyanotech Corporation
  • Koninkliijke DSM NV
  • Roquette Frères
  • BASF SE
  • Fuji Chemical Industries Co., Ltd.
  • Parry Nutraceuticals
  • BGG (Beijing Gingko Group)
  • KDI Ingredients
  • Sinoway Industrial Co., ltd.
  • INNOBIO Corporation Limited
  • Yunnan Alphy Biotech Co., Ltd
  • Algaecan Biotech Ltd.
  • Algatechnologies Ltd.
  • Cardax, Inc.
  • Igene Biotechnology, Inc.
  • Fenchem Biotek Ltd.
  • AstaReal Inc.
  • Valensa International
  • Kunming Biogenic Co., Ltd.

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 More Insights on the Demand for Microalgae Personal Care and Cosmetics Sector

Future Market Insights, in its new study provides an unbiased analysis of the microalgae personal care and cosmetics market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the microalgae personal care and cosmetics market with a detailed segmentation on the basis of

By Species Type:

  • Spirulina
  • Chlorella
  • Dunaliella
  • Haematococcus
  • Schizochytrium
  • Euglena
  • Nannochloropsis
  • Nostoc
  • Phaedactylum
  • Others

By Source:

  • Marine Water
  • Fresh Water

By End Use Application:

  • Fragrance
  • Hair Care
    • Hair Removal
    • Hair Conditioning & Shampoos
    • Hair Color
  • Eye Care
  • Skin Care
    • Anti-ageing
    • Acne Preparations
    • Moisturizers
    • Skin Whitening Creams
    • UV-protection
    • Others
  • Oral Care
  • Cosmaceuticals
  • Others

By Region:

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

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 Key Questions Covered in the Report

  • How will the demand for microalgae in personal care and cosmetics sector expand through 2031?
  • The market study also highlights projected sales growth for microalgae in personal care and cosmetics sector between 2021 and 2031
  • Survey on the demand for microalgae in personal care and cosmetics sector identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Microalgae share analysis in the cosmetics and personal care sector and information on the key companies within the industry
  • Coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others affecting demand for microalgae in the personal care and cosmetics sector

About FMI

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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Animal Feed Protein Ingredients Market Expected to Expand More than Three-Fold through 2032

The global animal feed ingredients market recorded year-on-year (YoY) growth of 3.1% and accounted for USD 38.8 billion in 2021. The market is expected to display a CAGR of ~3.0% to reach the valuation of USD ~58.6 billion in 2032, according to a recently published Future Market Insights report.

Animal feed protein ingredients constitute amino acids that promote hormone and enzyme secretion, necessary for normal body function. The deficiency of these amino acids leads to health issues, declining efficiency, and output in animals and livestock. There is an increased awareness about the benefits of high-quality feed ingredients among cattle farmers.

Augmenting demand for proper feed in cattle, poultry, swine, and aquaculture segments is driving the animal feed ingredients market. For animal productivity and ranch profitability, it is crucial to feed adequate protein and proper food ingredients to animals. The urgent need to differentiate products based on superior quality grades, regulated by the robust product quality and safety measures is propelling the growth of the feed ingredient market.

The demand for poultry products has increased drastically owing to the rising consumption of eggs and chicken among gym enthusiasts. Rising demand for a proteinaceous diet and high reliance on livestock and fish for meeting these nutrient requirements create a great avenue for the growth of the feed ingredients market.

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Key Takeaways from Market Study

  • The poultry livestock feed ingredients segment cut across USD 80 billion in the year 2020. The chickens have dominated the poultry animal feed ingredients market.
  • Broilers have a huge requirement of dietary protein sources, driving the animal feed protein ingredients market for enhancement of broiler performances and ranch profitability.
  • The animal feed protein ingredients market from oilseed meals (plant-based animal protein feed) was about USD 125 billion in 2020 and is expected to witness significant gains over the forecast period.
  • Soybean meals may witness strong gains in animal feed ingredients. Around 70% of the total soybean animal feed ingredients are employed in livestock feeding. The amino acid profile of a soybean meal is on par with a fish meal and hence is an effective substitute with high protein.
  • Global meat consumption has increased by ~60% in the last 20 years, propelling the overall demand for animal feed.
  • North America followed by Europe currently holds the majority of share in the consumption as well as production of animal feed ingredients, thanks to the presence of major cattle farms in the region.
  • In the Asia-Pacific region, the animal feed ingredients market is anticipated to expand and is poised to surpass USD 90 billion by 2027 owing to high investments in livestock farming assisted by government subsidies, price support, and schemes.
  • The growth in the production of poultry products in India, Brazil, Taiwan, and Vietnam, is due to the transformation of poultry production and livestock farming from a backyard activity into a major commercial activity in the recent past.
  • The outbreak of diseases in animal wet markets, increasing cases of zoonotic and food-borne diseases is expected to fuel the demand for feed ingredients over the forecast period.

“Manufacturers of animal feed ingredients would gain significantly by having strategic alliances with corporations and governments. The poultry and aquafeed realms would serve as a potential market for animal feed ingredients in the forecast period, which is attributable to the growing demand for seafood, aquaculture, fish oil supplements, and poultry protein sources across the globe,” says a Future Market Insights analyst.

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Competitive Landscape

The animal feed protein ingredients industry is competitive with major players such as Dupont, DSM, Burcon Nutrascience Corporation, Mosaic Co., Alltech, Hamlet Proteins, CropEnergies AG, Imcopa Food Ingredients B.V, CHS, BRF, Catalysta, Titan Biotech, GRF Ingredients, Green Labs LLC., Sojaprotein, Evershining Ingredients Company, Sojaprotein, CJ Cheiljedang Corporation, Grain Millers, and Cargill among others.

The global Animal Feed Ingredients market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type :

  • Compound feed
  • Fodder
  • Forage
  • Oilseed meals
  • Animal-by-product meals

Source :

  • Animal-based Protein
  • Plant-based Protein

Application :

  • Poultry
  • Ruminants
  • Swine
  • Aquatic Animals
  • Other Animals (Pet Animals, Birds, and Reptiles)
  • Research and biotech
  • Biocatalysts

Region :

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

Frequently Asked Questions

  • How much is the current worth of the animal feed ingredients market?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the demand outlook forecast for the animal feed ingredients market?
  • Who are the top players operating in the market?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for animal feed ingredients?

Download complimentary copy of FMI’s market report on ‘Plant Based Revolution’: Growth opportunities and winning strategies in the Plant Based Food Market

About Future Market Insights (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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Bread Improvers Market is slated to Witness Tremendous Revenue Growth of USD 7.9 billion by 2032- FMI

The bread improvers market value is expected to surpass USD 7.9 billion by 2032 at a CAGR of ~7% between 2022 and 2032. Proliferating demand for enhancing properties of the dough, like sensory characteristics, taste, and shelf life will result in high sales of bread improvers.

Growing consumption of bakery, bread, and confectionery products around the world and rising demand for convenient and ready-to-eat food and beverage products along with awareness about the importance of bread improvers in the stakeholders of the baking industry are boosting the growth of the Bread Improvers Market.

Rising consumption of food products like pizza, doughnuts, pastries, and pies, the affinity towards other application segments of bread improvers like cakes, viennoiseries are to show significant growth during the forecast period. For instance, the viennoiserie segment is expected to grow at the highest CAGR of 7.2%, which is above the aggregate market growth rate.

Stakeholders of the bread improvers market are bakery product manufacturers, bread manufacturers, enzyme manufacturers, emulsifier manufacturers, artisan bakers, distributors, and bread improvers manufacturers.

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“Bread Improvers production companies have a lot of room for increasing their sales and acquiring market as majority of bakery industry around the world is unexplored for dough enhancers and flavors. Research and development, product customization as per the needs of food and beverage clients, educating the food manufacturers, and robust selling and distribution channels might help the bread improvers manufacturers in emerging as a prominent player in the bakery industry,” says a Future Market Insights Analyst.

Key Takeaways from the Study

  • The bread segment is expected to account for the largest share of the bread improvers market. Innovative products like fortified bread, buns, organic bread, and flavored bread impel the growth of the bread segment.
  • Bread improver in the form of powder is regarded as the largest segment in the bread improvers market.
  • Europe holds over 35% of the global bread improvers market. In 2021, Europe accounted for the largest market share in the bread improvers market owing to the remarkable bakery industry in countries like France, Italy, Germany, the UK, and Spain.
  • Organic bread improvers like organic gluten, organic SMP, non-GM lecithin, and organic cider vinegar are anticipated to get better of conventional bread improvers like diacetyl esters of monoglycerides (DATEM), mono-glycerides and di-glycerides of fatty acids, calcium propionate, calcium stearoyl lactylate, polysorbate 60, potassium bromate, and potassium sorbate.
  • Bread improver in the form of powder is regarded as the largest segment in the bread improvers market over liquid or paste bread improvers as the application of powder bread improvers is less intricate.
  • Over the assessment period, the Asia Pacific bread improvers market is expected to see the highest revenue growth, owing to increased demand for bakery, on-the-go breakfast products and confectionery in the region’s countries.

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Competitive Outlook

Huge intake of bread, bakery, and confectionery goods, creative bread product offerings by bakery item manufacturers, and increased demand for convenience ready-to-eat food products are some of the major trends influencing the bread improvers market’s growth. Key manufacturers in the bread improvers domain are now focusing on developing innovative dough enhancers that align with consumer preferences for non-GMO, gluten-free, and low-carb bakery products.

The key players in the global bread improvers market include Associated British Foods, Royal DSM N.V., Lesaffre, DuPont, Archer Daniels Midland Company, Agropur Dairy Cooperative, Riken Vitamin Co., Bakels Sweden, Lallemand Inc., Oy Karl Fazer Ab., Bread Partners, Corbion N.V., Puratos, Kerry Group, and Laucke Flour Mills among others. These market players are focusing on stronger bread improvers distribution channels, new innovative product launches, research and development strategies, and offering a wide variety of options to end-user industries to remain a prominent player in the global market.

Frequently Asked Questions

  • How much is the current worth of Bread Improvers market?
  • At what CAGR is the market expected to grow?
  • Who are the various stakeholders in the bread improvers market?
  • What is the demand outlook forecast for the bread improvers market?
  • Who are the top 5 players operating in the market?
  • How are bread improver market players reacting to the new developments in the market?
  • Which are the major countries driving demand for bread improvers?

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About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs