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The US NFC lemon juice market value is expected to total US$ 297.4 Mn in 2021, according to Future Market Insights (FMI). The overall market value is expected to reach US$ 574.7 Mn, registering healthy growth at 6.8% CAGR during the forecast period (2021-2031).

Growth in the market is attributed to the surging demand for on-the-go juice sachets that complement fast-paced lifestyle. With the trend of clean label solutions and veganism making deeper inroad in the U.S., NFC lemon juice manufacturers are encouraged to introduce sustainable and 100% natural products to expand their customer base.

Juices derived from natural sources with no chemical or artificial additives are becoming increasingly popular among consumers. Hence, adoption of food & beverages products with natural food additives and sugar replacements has surged. As per the latest study by Future Market Insights (FMI), increasing health consciousness among consumers have resulted in higher consumption of nutrient-dense meals and juices, all of which are backed by a genuine brand dedication to quality, taste, and flavour.

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Consumers are demanding products free-form allergens and other unnatural forms of preservatives. Free-form ties in with clean labeling – where labels such as “free from”, “minimally processed”, “gluten free”, “organic”, and non-GMO” are the first checkpoints in a consumer purchase decision.

As consumers are increasingly driving towards vegan and organic food trend, demand for NFC lemon juice has surged.

Key Takeaways from the US NFC Lemon Juice Market Study:

• U.S NFC lemon juice market is estimated to reach US$ 297.4 Mn in the year 2021 , expanding at 6.8% CAGR over forecast period.
• Conventional segment accounted for significant share of 85.3% in U.S. NFC lemon juice market.
• Organic segment is expected to grow with a CAGR of 8.9% over the forecast period. Growth is attributed to rising preference of organic fruits and vegetables juices are over conventional ones.
• On the basis of distribution channel, B2C segment accounted for significant share of 57.9% in U.S NFC lemon juice market in 2021.

Who is winning?

Players in the US NFC lemon juice business are banking on rising demand for beauty products in the U.K. Ever-increasing demand for natural personal care products and cosmetics is likely to result in large increases in sales of lemon juice utilized in these products.

Some of the leading companies offering NFC lemon juice  are LemonConcentrate S.L., Dream Foods International, LLC, Baor Products S.L., Bevolution Group, Argenti Lemon S.A, Citrus World Inc., Prodalim Group, Citrusvil S.A., Louis Dreyfus Company, Dohler GmbH, and Others.

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NFC Lemon Juice Market by Category

By Nature:

• Organic
• Conventional

By Distribution Channel:

• B2B
• B2C
  • Modern Grocery Retailer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Groceries
    • Whole Sales
    • Others
  • Online Retail

By Application:

• Food
  • Dairy and Frozen Products
  • Bakery and Confectionery
  • Jam, Jellies and Preserves
  • Others (Fast Food, Sizzler, etc)
• Beverages
  • Juice
  • Soft Drinks
  • Squash
  • Cider
  • Others (Mocktails, Syrups, etc)
  • Cosmetics
  • Pharmaceuticals
  • Flavours
  • Others (Decorative, For Artificial Ripening, etc)

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Key Questions Answered in the Report

What is the NFC lemon juice market size?

The NFC lemon juice market is forecast to reach a valuation of US$ 589.1 Mn by 2021

What is the NFC lemon juice market growth outlook?

The NFC lemon juice market is expected to register growth at a CAGR of 7.9% between 2021 and 2031.

What are the key factors driving NFC lemon juice market?

Demand for NFC lemon juice will surge in response to the increasing focus on health and wellness among consumers and rising demand for mixed flavour plant-based beverages. Growing trend of veganism also will have positive impact on growth.

What are the key trends shaping the NFC lemon juice market?

Focus on product launches, including a variety of different fruit mix flavours in NFC lemon juice, will remain a key trend enabling growth in the market.

What is the demand outlook for NFC lemon juice market in China?

According to FMI, the NFC lemon juice market will rise at 7.8% CAGR in China.

At what rate will the demand for NFC lemon juice rise in 2021?

The demand for NFC lemon juice will increase at 7.5% year on year growth rate in 2021.

What is the global market share of Argentina in NFC lemon juice market?

Argentina is expected to contribute over 7.7% of NFC lemon juice sales in 2031.

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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Latest report by Future Market Insights (FMI) forecasts the global phytochemical market to surpass US$ 6.5 Bn in 2021. The overall market is expected to witness healthy growth at 7% CAGR to surpass US$ 12.9 Bn by 2031.

Increasing application of phytochemicals in cosmetics, food & beverages, and pharmaceutical industries is expected to augment sales in the global phytochemicals market over the forecast period.

Driven by rising demand in diverse applications, sales of phytochemicals is expected to surge as 7% CAGR between 2021 and 2031, as per latest insights by Future Market Insights (FMI).

Increasing concern about wellness and skincare is improving the adoption of phytochemicals in the cosmetics sector, which will drive the  market growth over the forecast period. Cosmetic industry giants have launched new skincare products that include phytochemicals as an active ingredient.

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Additionally, research on the development of innovative food products and dietary supplements derived from phytochemicals is expected to aid the growth. Key manufacturers are investing more in the development of products derived from plant extracts. Hence, plant compounds such as phytochemicals are in high demand as the need for plant-based foods and products grows.

Furthermore, phytochemicals are increasingly being used to treat cancers of several organs by inhibiting angiogenesis. Hence, adoption of phytochemicals across pharmaceutical, personal care, and other diverse end-use applications will boost sales.

Key Takeaways from the Phytochemical Market Study:

• Global phytochemical market is estimated to register a value of US$ 12.9 Bn in 2031.
• Based on molecule type, flavonoids are expected to register high demand over the forecast period
• Powder phytochemicals are acquiring immense popularity among manufacturers, expanding at 6.7% CAGR
• In terms of form type, while powder form holds the largest share, liquid phytochemical type will register fastest growth at 8.8% CAGR between 2021 and 2031
• In terms of application, animal and nutrition segment will expand with highest CAGR at 13.6% CAGR during the forecast period.

“Consumers are increasingly seeking multi-component items that are readily available in the market and provide nutritional value. With rising consumption of dietary supplements and nutraceutical food products, key manufacturers are increasing their production capacity and are aiming for strategic alliance with local and regional food & beverage industry giants,” said a lead analyst at FMI.

Who is Winning?

Phytochemical-infused products are widely available thanks to increased market penetration and the availability of a variety of retail formats. Key players are relying on e-commerce platforms and are focusing on improving their digital marketing skills to boost their sales.

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Phytochemical Market by Category

By Molecule Type:

• Alkaloids
• Anthocyanins
• Carotenoids
• Coumestans
• Flavon-3-ols
• Flavonoids
• Hydroxycinnamic Acids
• Isoflavones
• Lignans
• Others

By Form:

• Powder
• Liquid

By Application:

• Food and Beverages
• Nutraceutical
• Pharmaceutical
• Personal Care and Cosmetics
• Animal Nutrition
• Other

Some of the leading companies offering phytochemical are Döhler GmbH, Naturex SA, Kemin Industries Inc, Linnea SA, Sabinsa Corporation, Kothari Phytochemicals & Industries Ltd, Indena SpA, Alkaloids Corporation, Arboris LLC, Allied Biotech Corp., Organic Herb Inc.(OHI), LIPO Foods, Nektium, FYTEXIA, Chr. Hansen Holding A/S, BASF SE, and Others.

Get Valuable Insights into Phytochemical market 

Future Market Insights, in its new offering, provides an unbiased analysis of the phytochemical market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the phytochemical market based on molecule type (alkaloids, anthocyanins, carotenoids, coumestans, flavon-3-ols, flavonoids, hydroxycinnamic acids, isoflavones, lignans, and others), and by form (powder and liquid), by application (food and beverages, nutraceutical, pharmaceutical, personal care and cosmetics, animal nutrition, and others) across seven major regions.

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Key Questions Answered in the Phytochemical Market Survey

• What is the current phytochemicals market value?

The phytochemicals market is expected to total US$ 6.5 Bn in 2021.

• What is the phytochemicals market demand outlook?

Demand for phytochemicals is expected to surge at a CAGR of 7% between 2021 and 2031.

• What are the key trends shaping the phytochemicals market?

Increasing focus on product innovations by leading market players and growing consumption of plant-based food products will create opportunities for growth of the market and shape its future.

• At what rate did the demand for phytochemicals rise in the last five years?

The demand for phytochemicals increased at 5.6% CAGR between 2016 and 2020.

• Who are the top players in the phytochemicals market and what is their market share?

Döhler GmbH, Naturex SA, Linnea SA, Sabinsa Corporation, Indena, BASF, and CHS are the leading companies in the market.

• What is the North America phytochemicals market outlook?

Demand for phytochemicals will rise at 5.4% CAGR in North America over the assessment period.

• At what rate will the demand for phytochemicals increase in Europe?

The Europe’s phytochemicals market will expand at 4.1% CAGR between 2021 and 2031.

• What is the South Korea and Japan market outlook for sales of phytochemicals?

The sales of phytochemicals will increase at 12.3% CAGR and 15.7% CAGR, respectively in Japan and South Korea.

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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Demand for Protease Market is expected to reach US$ 1.8 Bn in 2021, according to the latest Future Market Insights (FMI) study. Driven by the rising demand for healthy food derived from natural sources, the market value is expected to reach US$ 3.94 Bn by 2031, exhibiting growth at healthy CAGR of 7.8% for 2021-31.

As synthetic chemicals used in industrial operations are toxic and can cause environmental hazards. Enzymes generated from plants and microbes, such as sugars and protease, have no detrimental environmental impact because they work under mild settings.

As a result, textile, protein hydrolysis, bread, brewing, dairy, and animal nutrition industries are widely adopting protease which is generated from plants, animals, and microorganisms. To achieve higher yields and cleaner goods, the leather industry has moved to proteases and trypsin instead of lime and sulphides.

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As per FMI, amylase and protease are utilized to increase output in bakery and confectionary. Due to growing adoption of protease in bakery, the market is expected to register over 13.9% of sales during the forecast period.

As enzymes can also be utilized to boost the nutritional content of food and feed. Enzymes also reduce water usage, chemical waste, and by-product generation, posing little dangers to individuals and the environment. As a result, they are thought to be cost-effective, safe, and environmentally benign.

Chemically produced products can cause threat to human life and have a negative impact on the environment. The majority of industrial manufacturing enterprises are switching to safer, naturally produced products in place of harmful chemical products.

Key Takeaways from the Protease Market Study:

• Based on product type, microbial protease emerge dominant, accounting for over 59.0 % total market share in 2021
• Plant based protease segment will register robust growth at a CAGR of 7.2 % between 2021 to 2031.
• In terms of end-use application, bakery and confectionary will account for maximum sales during the forecast period. In bakery and confectionary, breads sub-segment will dominate the segment, accounting for over 44.7% of market share.
• The U.S. is expected to be the most lucrative market on the back of surging consumption of dietary supplements enriched with protein enzyme among millennials
• Italy and Germany are expected to hold the largest market share across Europe, capturing over 18% and 16% market share, respectively.
• India is anticipated to spearhead the growth of South Asia’s protease market, followed by Thailand

“Consumers’ demand for more natural products, free from chemical additives is increasing with time. Protease enzymes can be used as a replacement for bi-sulfite, a chemical compound additive. Rapid advances in technology have made new proteases available for the food and beverage industry. This is expected to help in growth of the protease market in the coming years” said a lead analyst at FMI.

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Who is Winning?

Key players operating in the market are focusing on new product launches and innovation in protease to cater surging demand from sports nutrition and bakery & confectionary. Manufacturers are also collaborating with pharmaceutical as well as local vendors to expand their customer base.

Some of the leading companies offering protease are Novozymes A/S, Advanced Enzymes Technologies Limited, BASF SE, Royal DSM N.V., E.l. Du Pont de Nemours & Company, Rossari Biotech Limited, AB Enzymes GmbH, Lallemand Inc., Amano Enzymes Inc., Biocatalysts Limited, Creative Enzymes, Nagase & Co., Ltd., Chr Hansen Holding A/S, Jiangsu Boli Bioproducts Co. Ltd., Kemin Industries, Inc, and Others.

Protease Market by Category

By Form:

• Liquid
• Powder & Granule

By Product Type:

• Animal
• Plant
• Microbial

By End Use Application:

• Dairy Products
• Brewing
• Meat Products and Processing
• Bakery & Confectionery
• Baby Food/ Infant Food
• Oil & Fat Processing
• Starch and Grain Processing
• Fruits and Vegetable Processing
• Cheese Making/ Processing
• Egg Products
• Beverages
• Dietary Supplements
• Pharmaceutical Products
• Personal Care Products
• Animal Nutrition

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Key Questions Answered in the Report

• What is the protease market demand outlook?

As per FMI, the protease market is expected to grow at 7.8% CAGR between 2021 and 2031.

• At what rate did the demand for protease increase in the last five years?

The demand for protease increased at 6.1% CAGR between 2016 and 2020.

• Which is the most lucrative market for protease?

North America is leading the protease market, contributing over 27.3% of market share through 2031. In North America, the U.S. is expected to be the most lucrative market of protease, registering growth at 5.2% CAGR.

• Which are some of the leading companies offering protease?

As per Future Market Insights, Rossari Biotech Limited, AB Enzymes GmbH, Novozymes A/S, BASF SE, E.L. Du Pont de Nemours & Company, Advanced Enzymes, and Nagase & Co. Ltd among others are identified as key players.

• Which are the key factors supporting the growth of protease market?

Some of the key factors supporting the protease market growth include increased application of protease in bakery & confectionary, dietary supplements, and infant food, and expansion of product portfolio. Additionally, growing demand for clean label and sustainable organic food products is supporting the growth of protease market.

• What are the key trends shaping the protease market?

Companies operating in the protease market are likely to focus on production of sustainable products with extended shelf life to gain competitive strength.

• What is driving protease sales in the U.K.?

Increased application of protease in bakery and confectionary will create increasing opportunities for protease sales in the U.K.

• What is China’s contribution towards protease sales in East Asia?

Over 38.6% of protease sold in East Asia is expected to concentrate in China.

• What is the outlook for protease sales in South Korea?

South Korea is expected to contribute over 29.6% of protease sales in East Asia.

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 animal feed probiotics market value is expected to total US$ 3,113.3 Mn in 2021, according to Future Market Insights (FMI). The overall animal feed probiotics market value is expected to reach US$ 6,997.2 Mn by 2031, growing at a CAGR of 8.4%.

Over the last decade, the rise in the number of homes with pets has played a crucial part in maintaining the pet population size. During this time, the number of homes with more than one dog increased by five million, compared to a 4.8 million increase in the number of families with only one dog. Along with this, there is growing evidence supporting the use ofanimal feed probiotics for companion animals such as cats and dogs. 

Giving good bacteria to a companion animal may also have a positive impact on chronic gastro-intestinal illnesses, mental attitude, obesity, liver disease, dental disease, and behavior difficulties.

A daily feed probiotic supplement may also provide some additional benefits for dogs, including enhanced skin and coat appearance, reduced intestinal gas, and improved breath, among other things.

Thus, the rising pet population along with growing awareness about the animal health is driving the market growth.

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Key Takeaways from the Animal Feed Probiotics Market Study:

• On the basis of animal type, demand in livestock segment is expected to grow at a CAGR 6.7% over the forecast period and to be valued at US$ 3,483.9 Mn by 2031 end.
• Companion animals, equine and aquaculture combined are responsible for approximately 25.7% of the market in 2021. Demand from companion animals is expected to expand at 13.7% CAGR over the forecast period and to be valued at US$ 1,533.8 Mn by 2031 end.
• Equine is estimated to account for 5.0%, revenue share of the global animal feed probiotics market by 2021 end and is expected to gain 65 bps in its market share by 2031 over 2021. Aquaculture is expected to create absolute $ opportunity of US$ 377.6 Mn between 2021 and 2031.

Clear and Exclusive Information about Ingredients Used on Package Attracts More Customers

Consumers have become increasingly conscious about what they feed their pets and domestic animals in recent years. Customers appreciate a box that includes information on the product’s features and benefits. The information on a box should be correct, exclusive, and displayed clearly because buyers spend relatively little time looking at it. This can also help the buyer make more informed decision.

Furthermore, one method of giving nutritional information on animal feed probiotics is to use images to indicate the ingredients as well as the elements that are not contained in them. As a result, packaging design has begun to incorporate narrative illustration in the form of a storey using graphics.

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Who is winning?

Technological advances in the field of molecular biology and gene sequencing have enabled researchers and scientists to create new probiotic compositions that are more animal-friendly.

Although probiotic supplements are unquestionably good for animal growth and intestinal health, consumers nonetheless face a number of adverse consequences on animal growth. Over the projection period, the growth of new generation technology is reforming the animal feed probiotics market, creating improved prospects.

Some of the leading companies offering animal feed probiotics are Alltech, Danisco Animal Nutrition (Dupont), Chr. Hansen Holding A/S, Evonik Industries AG, Novus International, Inc., Royal DSM, Lallemand, Pure Cultures LLC, Calpis Co., Ltd., Adisseo, and Others.

Key Points Covered in Animal Feed Probiotics Market Study

• Animal Feed Probiotics Market estimates and forecast 2015-2031
• Key drivers and restraints impacting Animal Feed Probiotics 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 Animal Feed Probiotics Market and How to Navigate
• Recommendation on Key Winning Strategies

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Key Questions Answered in Animal Feed Probiotics Market Report

• Which regions will continue to remain the most profitable regional markets for animal feed probiotics market players?
• Which factors will induce a change in the demand for animal feed probiotics during the assessment period?
• How will the changing trends impact the animal feed probiotics market?
• How can market players capture the low-hanging opportunities in the animal feed probiotics market in developed regions?
• Which companies are leading the animal feed probiotics market?
• What are the winning strategies of stakeholders in the animal feed probiotics market to upscale their position in this landscape?

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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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.

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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

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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

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

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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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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

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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 FMI 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
• Plant-derived
• Insect-derived

By Product Type:

• Kibble/Dry
• · Treats and Chew
• 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
• 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 Us:

Unit No: 1602-006

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Plot No: JLT-PH2-X2A

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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.

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.

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Some of the leading players operating in the caramel food colors market profiled by FMI 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
• Bakery, Snacks, & Cereal
• Candy / Confectionery
• Dairy
• Fruit Preparations / Fillings
• Meat, Poultry, Fish, & Eggs
• Potatoes, Pasta, & Rice
• Sauces, Soups, & Dressings
• Seasonings
• Pet Food

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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

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant based market blog

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 Us:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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

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