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Meat Alternative Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2034

The meat alternative market (Marché des substituts de viande) is expected to rise from USD 18.8 billion in 2024 to USD 299 billion by 2034. This period is marked by staggering growth of 28.8% CAGR, driven by robust FDIs by foreign companies in emerging countries with expansive availability of sources and raw materials to develop alternatives to meat.

Sales of meat mimicry products are ascending at a rapid speed, as consumers are becoming aware of the health risks posed by eating certain meats in excessive quantities. Along with this, people are becoming aware about the different healthy and sustainable foods that are available in the marketplace and can effectively replace meat in consistency, taste, and flavor. Thus, making this transition quite smooth.

The growing number of vegans and flexitarians is another vital factor that is predicted to fuel the market growth. Additionally, government bodies across numerous countries are endorsing the consumption of meat alternatives, owing to the health benefits offered by these products.

Market players are making their contribution by introducing new varieties of meat alternatives to meet the growing demand for healthy and tasty products that replace the role of meat in a dish and provide a similar high protein nutritional value.

Information Source: https://www.futuremarketinsights.com/reports/meat-alternatives-market

Key Takeaways from the Meat Alternative Market Study

Increasing vegan population tracked in various countries, such as the United States and the United Kingdom, is driving the market for meat alternatives.

The market in the United States is expected to grow at a CAGR of 10.3% over the forecast period.

The market in the United Kingdom is anticipated to expand at a CAGR of 8.1% through 2034.

Augmented demand for plant-based protein foods, predominantly in the United States, France, Germany, and the United Kingdom.

Based on the Source, the tofu is expected to account for a market share of 14.2% in 2024.

“Key players are competing on price and eCommerce accessibility to increase their product sales. Additionally, to capture the hesitant consumers, players are experimenting to develop unique flavors influenced by local cuisines,” says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Several top market players are concentrating on providing meat alternatives at a competitive price by lowering their production costs. Prominent players of meat alternatives are investing in research and development activities to produce organic, non-GMO products from meat alternative. Various hotel chains and restaurants are also partnering directly with manufacturers or growers of meat alternatives for sourcing of high-quality products to be used in their dishes.

Meat alternative manufacturers such as Impossible Foods, Benson Hill, Meati, Beyond Meat, Good Catch, Motif FoodWorks, Good Dot, Nature’s Fynd, Evo Foods, Mister Veg, Greenest, Vezley, Wakao, and Imagine Meats, among others, are employing multiple marketing strategies such as geographical expansion, new product launches, partnerships and collaboration, and merger and acquisitions to identify the interest of potential buyers and create a larger customer base.

Key Companies in the Meat Alternative Market

Beyond Meat

Amy’s Kitchen

MorningStar Farms

Tofurky

Field Roast

VBites

Maple Leaf Foods

Kellogg

Pinnacle Foods

Key Market Segmentation

By Type:

Patties

Hotdogs

Sausages

Meatballs

Others

By Nature:

Organic

Conventional

By Source Type:

Seitan or Wheat gluten

Tofu

Quorn

Risofu

Tempeh

Algae/ Mycoprotein

Insects

Textured Vegetable Protein

Fermented proteins

Fish Protein

Cultured or ‘clean’ meat

Others (Yaso, Nato and Miso)

By Application:

Frozen Food

Bakeries

Pet Food

Supplements

Others

By Distribution Channel:

Supermarkets

Departmental Store

Modern Trade

Food Chain Services

Online Stores

Others

By Region:

North America

Latin America

Europe

Middle East and Africa

East Asia

South Asia

Oceania

[foodandbeverages]

Processed Beef Market In-depth Insights, Revenue Details, Regional Analysis by 2033

The Processed Beef market refers to the global industry involved in the production, distribution, and consumption of various processed beef products. Processed beef refers to meat that has undergone specific treatments, such as curing, smoking, canning, or other methods, to improve its shelf life, taste, and convenience for consumers. These products can range from canned beef and beef jerky to sausages, deli meats, and frozen beef burgers.

By 2033, the processed beef market is expected to account for about USD 314.5 billion, up from a market share of USD 133.4 billion in 2023. This is anticipated to increase market share and post a 9% CAGR between 2023 and 2033.

In the global food and beverage industry, innovation and new product creation are based on strong natural, health, and sustainability credentials. Products manufactured with healthier components and labeled with assurances of little processing or demonstrable health advantages from natural ingredients appeal to consumers, particularly in developed economies with higher income and an aging population. In reaction to this trend, of start-ups and established companies alike within the processed beef market are focusing on innovations.

Furthermore, the health halo surrounding plant-based components and goods, as well as consumer demand for natural and plant-based products might have a negative influence on processed beef sales. While people are becoming more informed and savvy about their food choices, they are increasingly opting for chemical-free meals such as organic processed beef. As a result, customer preference for natural and organic processed beef is on the rise.

Information Source: https://www.futuremarketinsights.com/reports/processed-beef-market

Key Takeaways from the Processed Beef Market Study:

North America processed beef market leads the global market, accounting for 31.9% of overall processed beef sales in 2021.

Chilled processed beef will remain in high demand. It accounted for a share of 79.2% in the global market in 2021.

Based on nature, demand for organic processed beef will grow at a CAGR of 9.2% during the forecast period (2021-2031).

In terms of buyer type, household and residential segment accounted for 57.5% of the market share in 2021.

Among sales channel, sales via supermarket/hypermarket is anticipated to grow at a CAGR of 6.3% during the forecast period.

“The top competitors in the processed beef market are introducing novel technologies to facilitate the production of processed beef with enhanced shelf life, texture, and flavor. Besides this, some are expanding their footprint in emerging nations to gain competitive edge,” said a lead FMI analyst.

Convenience Offered by Processed Beef is the Key Factor Driving Sales

The increasing income of consumers has fueled demand for processed beef products. Furthermore, consumers choose convenient foods that do not require additional time for cooking or preparation due to the hectic nature of city living. The increasing popularity of ready-to-eat meat is also a major driver of the global processed beef market.

Who is winning?

Some of the leading companies offering processed beef are JBS SA, Hormel food, Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp and others.

In order to gain competitive edge, manufacturers are focusing on making processed beef healthier. Besides this, they are focusing on acquiring international certification to woo consumers from around the world.

Get Valuable Insights into the Processed beef Market 

By Form

Chilled

Frozen

Shelf Stable

By Nature

Organic

Conventional

By Buyer Type

Food Processor & Manufacturers

HoReCa Sector

Household and Residential Buyers

Sales Channel

Traditional Grocery Stores

Supermarket/Hypermarket

Internet Retailing

Convenience Store

Discounters

Other Sales Channel

By Region

North America

Latin America

Europe

Asia Pacific

Oceania

Middle East & Africa

Japan

[foodandbeverages]

Processed Beef Market: Global Segments, Top Key Players, Size And Recent Trends By Forecast To 2033

The Processed Beef market refers to the global industry involved in the production, distribution, and consumption of various processed beef products. Processed beef refers to meat that has undergone specific treatments, such as curing, smoking, canning, or other methods, to improve its shelf life, taste, and convenience for consumers. These products can range from canned beef and beef jerky to sausages, deli meats, and frozen beef burgers.

By 2033, the processed beef market is expected to account for about USD 314.5 billion, up from a market share of USD 133.4 billion in 2023. This is anticipated to increase market share and post a 9% CAGR between 2023 and 2033.

In the global food and beverage industry, innovation and new product creation are based on strong natural, health, and sustainability credentials. Products manufactured with healthier components and labeled with assurances of little processing or demonstrable health advantages from natural ingredients appeal to consumers, particularly in developed economies with higher income and an aging population. In reaction to this trend, of start-ups and established companies alike within the processed beef market are focusing on innovations.

Furthermore, the health halo surrounding plant-based components and goods, as well as consumer demand for natural and plant-based products might have a negative influence on processed beef sales. While people are becoming more informed and savvy about their food choices, they are increasingly opting for chemical-free meals such as organic processed beef. As a result, customer preference for natural and organic processed beef is on the rise.

Information Source: https://www.futuremarketinsights.com/reports/processed-beef-market

Key Takeaways from the Processed Beef Market Study:

North America processed beef market leads the global market, accounting for 31.9% of overall processed beef sales in 2021.

Chilled processed beef will remain in high demand. It accounted for a share of 79.2% in the global market in 2021.

Based on nature, demand for organic processed beef will grow at a CAGR of 9.2% during the forecast period (2021-2031).

In terms of buyer type, household and residential segment accounted for 57.5% of the market share in 2021.

Among sales channel, sales via supermarket/hypermarket is anticipated to grow at a CAGR of 6.3% during the forecast period.

“The top competitors in the processed beef market are introducing novel technologies to facilitate the production of processed beef with enhanced shelf life, texture, and flavor. Besides this, some are expanding their footprint in emerging nations to gain competitive edge,” said a lead FMI analyst.

Convenience Offered by Processed Beef is the Key Factor Driving Sales

The increasing income of consumers has fueled demand for processed beef products. Furthermore, consumers choose convenient foods that do not require additional time for cooking or preparation due to the hectic nature of city living. The increasing popularity of ready-to-eat meat is also a major driver of the global processed beef market.

Who is winning?

Some of the leading companies offering processed beef are JBS SA, Hormel food, Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp and others.

In order to gain competitive edge, manufacturers are focusing on making processed beef healthier. Besides this, they are focusing on acquiring international certification to woo consumers from around the world.

Get Valuable Insights into the Processed beef Market 

By Form

Chilled

Frozen

Shelf Stable

By Nature

Organic

Conventional

By Buyer Type

Food Processor & Manufacturers

HoReCa Sector

Household and Residential Buyers

Sales Channel

Traditional Grocery Stores

Supermarket/Hypermarket

Internet Retailing

Convenience Store

Discounters

Other Sales Channel

By Region

North America

Latin America

Europe

Asia Pacific

Oceania

Middle East & Africa

Japan

[foodandbeverages]

Infant Formula Ingredients Market Segmentation Application, Technology & Market Analysis Research Report To 2033

During the forecast period, the infant formula ingredients market is expected to expand at a CAGR of 6.3%. Beginning the forecast period in 2023 with a market value of USD 42,645 million, it is likely to reach a valuation of USD 78,818.9 million by 2033.

Future Market Insights expects there to be an astounding surge in the market size of the baby formula ingredients market due to its nutrient content. It is also the highest-preferred alternative to breastfeeding. Globally, the market is also gaining rapid success as working women with infants can make the switch to infant formula to keep up with their busy lifestyles.

The market’s growth can be credited to the rising sales of infant formula ingredients, sourcing a replacement for women’s breast milk with nutrients available in the soymilk, cow’s milk, and protein hydrolysates form.

Information Source: https://www.futuremarketinsights.com/reports/infant-formula-ingredients-market

Key Takeaways:

The United States holds a significant market share of 18.9% in the infant formula market, highlighting its strong presence and leading position as a major consumer and producer of infant formula products.

Germany maintains a notable market share of 8.6% in the infant formula market, emphasizing its significant contribution and role in providing high-quality and nutritious infant formula options to meet the needs of infants and their families.

Japan accounts for 6.9% of the market share in the infant formula industry, showcasing its importance as a key player in the market and its commitment to offering reliable and quality infant formula products.

Australia contributes to the infant formula market with a market share of 3.5%, underscoring the country’s role in providing safe and nutritious infant formula options for the well-being of infants and their development.

China experiences a compound annual growth rate (CAGR) of 6.3% in the infant formula market, indicating a steady growth trajectory and increasing demand for infant formula products driven by factors such as population growth, urbanization, and rising disposable incomes.

India demonstrates a robust CAGR of 9.7% in the infant formula market, highlighting the country’s expanding consumer base, growing awareness about infant nutrition, and rising demand for high-quality and nutritious infant formula products.

The United Kingdom showcases a CAGR of 7.6% in the infant formula market, reflecting its sustained growth and continuous efforts to provide safe and reliable infant formula options, meeting the changing needs and preferences of parents and caregivers.

Calling all industry enthusiasts! Engage in a captivating conversation with our analyst about the Infant Formula Ingredients Market. Uncover valuable insights and gain a competitive edge. https://www.futuremarketinsights.com/ask-question/rep-gb-11027

Competitive Landscape:

The leading suppliers of infant formula ingredients are found to be engaging in aggressive business practices such as several mergers and acquisitions, capital expansion and strategic alliances. Leading businesses are also bringing their focus to boosting the productivity of their companies through technological innovation and increasing the share of their sector. Manufacturers who are active in the infant formula ingredients market are also constantly working on research and development to create products that meet consumer demands.

The following are the actions taken by some leading companies in the market:

In February 2018, Arla Foods announced its plans to invest £70 million in the United Kingdom, as a part of its strategy to secure long-term opportunities for its farmers all over Europe. In April 2022, Kerry Group acquired Natreon, Inc, a United States-based supplier of branded Ayurvedicbotanical ingredients.

Some other leading players in the market are:

Co-operative Group Limited AAK AB Royal Friesland Campina N.V.

Key Segments in the Infant Formula Ingredients Market

By Ingredient Type:

Fats & Oils Minerals Proteins Vitamins Carbohydrates Prebiotics Others (Probiotics, Nucleotides, and Emulsifiers)

By Source:

Soy Protein hydrolysates Cow Milk Others (Goat milk and camel milk)

By Application:

0 to 6-month-old infants 6 to 12-month-old infants Infants over 12 months Specialty Formula

By Form:

Powder Liquid & semi-liquid

By Region:

North America Latin America Asia Pacific MEA Europe

[foodandbeverages]

Yeast Beta Glucan Market Size: Competitive Landscape and Recent Industry Development Analysis 2024 to 2034

The yeast beta glucan market is expected to surge at 5.1% CAGR, reaching US$ 991.5 million by 2034. This growth is propelled by a heightened awareness of overall well-being, underscored by the harmonious integration of natural ingredients and sustainable practices.

The yeast beta glucan market is witnessing dynamic growth fueled by the escalating demand for natural, functional, and sustainable ingredients across diverse industries. Rising product demand in applications such as animal feed and functional food is anticipated to be a key market driver over the projected period.

The need for functional foods is growing worldwide due to several variables, including the surging elderly population and increasing prevalence of chronic diseases. Women and children are most likely to have low immunity, particularly in developing nations. The market for products that help increase immunity is predicted to rise due to growing consumer knowledge of health issues.

Preventive regimens are becoming increasingly popular among consumers, as opposed to post-treatment drugs. By 2034, product innovations, especially in the nutrition sector, are expected to fuel demand for medications and nutraceuticals containing yeast beta glucan.

Robust research & development activities and collaborations among key players underscore a commitment to unlocking new applications and formulations. With a focus on sustainability and clean-label preferences, yeast beta glucan is poised to play a pivotal role in shaping the future of health-centric and eco-conscious industries.

“Despite the product’s excellent nutritional value, its compatibility with other culinary ingredients is difficult for manufacturers. Furthermore, it is challenging for manufacturers to reduce the chance of deterioration and maintain the nutritious composition during processing.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Information Source: https://www.futuremarketinsights.com/reports/yeast-beta-glucan-market

Key Takeaways from the Yeast Beta Glucan Market Report:

The yeast beta glucan market is projected to grow at a CAGR of 5.1% during the forecast period.

The United States yeast beta glucan market is expected to reach US$ 166.1 million by 2034.

Based on type, the 1,3-glucan segment is expected to hold a market share of 51.2% in 2024.

China is expected to surge at a CAGR of 8.1% from 2024 to 2034.

The United Kingdom is projected to rise at 5.1% CAGR through the forecast period.

Competitive Landscape

Key Companies Profiled

Cargill, Incorporated

EMD Millipore

Lallemand, Inc.

Van Wankum Ingredients

Biorigin

Angel Yeast Co., Ltd.

Kerry Group plc

Leiber

Lesaffre Human Care

Specialty Biotech Co., Ltd.

Key companies are expanding their product portfolios and employing advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the yeast beta glucan market.

 For instance,

In 2020, Angel Yeast expanded its yeast beta glucan production capacity, responding to escalating product demand.

In December 2020, Lallemand Bio-Ingredients expanded its beta glucans portfolio by acquiring Biotec BetaGlucans (BBG), a subsidiary of ArticZymes Technologies.

Yeast Beta Glucan Market Segmentation by Category

By Type:

1,3-glucan

1,6-glucan

By Form:

Soluble

Insoluble

By End-use Application:

Food and Beverage Industry

Cosmetics and Skincare Industry

Animal Feed Industry

Agriculture Industry

Pharmaceutical

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

[foodandbeverages]

Detox Drink Market 2024 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2034

According to Future Market Insights (FMI), the global detox drink market is expected to expand at a CAGR of 3.3% by 2034. The industry’s estimated value is set to increase from US$ 1,689.0 million in 2024 to US$ 2,345.0 million in 2034.

Increasing health-conscious population worldwide is projected to surge demand for food products that are natural and organic. Consumers prefer products that offer multiple benefits, such as continuous body hydration & electrolytes, antioxidants, and fiber, fueling demand for detox drinks.

Rising acceptance of preventive healthcare products with more natural ingredients and easy accessibility of these products are set to fuel the market. Also, the appeal of non-GMO and all-natural ingredients drives market expansion, matching the broad trend of health-conscious consumer choices.

Product manufacturers and leading companies are focusing on research & development to improve detox drinks in various formats, further attracting consumers. Manufacturers are promoting sustainable practices, using natural, organic, and non-GMO ingredients, resulting in upward market growth.

The economy’s growth has led to new jobs and increased demand for healthy food and beverages. The availability of detox drinks in various sizes and packaging options is popular due to their convenience and variety, propelling market expansion.

Information Source: https://www.futuremarketinsights.com/reports/detox-drink-market

Key Takeaways from the Report:

The global detox drink market is expected to reach a valuation of US$ 2,345.0 million by 2034.

The market is set to surge at a CAGR of 3.3% over the forecast period.

The United States is expected to rise at 6.1% CAGR by 2034.

Based on nature, the organic segment is expected to hold a 42% share in 2024.

Japan is set to grow at 7.9% CAGR by 2034.

“The demand for detoxifying drinks is growing due to high-income residents and modern lifestyles worldwide, with food and beverage industry offering new flavors to appeal to the middle-class market. The detox drink market is further driven by high demand for nutrient-dense, low-calorie beverages and the convenience of portable alternatives.” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape

Emami Ltd, Suja Life LLC, Pukka Herbs, Akiva Love, Drunken Monkey, Dr. Struats Teas, and Amway Corporation are the leading players operating in the market. Key players are focusing on acquisitions and mergers to improve product safety and market coverage by combining resources, knowledge, and technology with a customer base, new distribution channels, and talent. New, efficient products are set to help leading companies stay competitive, meet evolving consumer demands, attract new customers, and expand their market share.

For instance,

In 2022, Drunken Monkey expanded its detox portfolio by launching several smoothies with natural ingredients such as fruits and vegetables.

In 2023, Jupiter Wellness acquired Safety Shots to introduce a new product line for detox drinks.

Key Companies Profiled

Emami Ltd

Suja Life LLC

Pukka Herbs

Akiva Love

Drunken Monkey

Dr. Struats Teas

Amway Corporation

Silver Roots Agro

Superfoods Detox Delights

Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2023 and projecting forecast statistics for the 2024 to 2034 period.

The study incorporates compelling insights on the detox drink market based on product type (liquid form, powder form), nature (conventional, organic, non-GMO), packaging type (pouches, bottles, sachets), distribution channel (store-based retail, online retail), and region.

Market Segmentation of Detox Drinks

By Product Type:

Liquid Form

Powder Form

By Nature:

Conventional

Organic

Non-GMO

By Packaging Type:

Pouches

Bottles

Sachets

By Distribution Channel:

Store-based Retail

Online Retail

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

[foodandbeverages]

Astaxanthin Market: Applications and Regional Insights During the Forecasted Period 2024 to 2034

According to Future Market Insights (FMI), global astaxanthin sales are estimated to be worth USD 273.2 million in 2024. The market is expected to reach USD 665.0 million by 2034. It is projected to surge at a CAGR of 9.3% in the forecast period 2024 to 2034.

Astaxanthin’s increasing demand is driven by its use in aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food & beverages industries. It is widely used as a food ingredient for prawns and fish to enhance coloration and commercial value.

Astaxanthin benefits aquatic animals by increasing stress tolerance, performance, immune-related gene expressions, reproductive capacity, survival, and disease resistance. The market is expected to rise due to the consistent demand from the food industry, where astaxanthin is used as a food additive due to its health benefits, such as anti-inflammatory effects and prevention of cardiovascular diseases. Studies have shown that astaxanthin is set to prevent photo-aging, improve sleep, minimize obesity, protect the vocal cord, combat depression, and increase sperm motility.

Natural alternatives are gaining traction due to a number of factors, including greater awareness of the harmful effects of chemicals and expanding usage of synthetic ingredients in topical & culinary items. As a result, leading companies are implementing tactics, including the introduction of new products and alliances with key manufacturers in several sectors to boost the market share of natural astaxanthin-based products.

Information Source: https://www.futuremarketinsights.com/reports/astaxanthin-market

Key Takeaways from the Astaxanthin Market Report:

The global astaxanthin market is expected to reach a valuation of US$ 665.0 million by 2034.

Japan is projected to hold a dominant value share of 3.5% by 2034.

The United States astaxanthin market is projected to reach a valuation of US$ 177.6 million by 2034.

India’s astaxanthin market is projected to reach US$ 43.0 million by 2034.

Germany is set to hold a dominant value share of 4.1% by 2034.

 “The astaxanthin market is experiencing innovation as dietary lutein becomes a potential substitute in the market. Leading companies are incorporating lutein-rich sources into formulations, highlighting a trend toward diversification. They are also exploring alternative natural compounds.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

BASF SE, Divi’s Laboratories Ltd., Cyanotech Corporation, DSM N.V., Parry Nutraceuticals, and JXTG Nippon Oil & Energy Corporation are key astaxanthin manufacturers listed in the report. Leading companies are concentrating on broadening their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.

For instance,

In 2020, BGG declared two key extensions of its farm capacity of astaxanthin as the company has seen a surge in its astaxanthin sales lately.

Key Companies Profiled

BASF SE

Divi’s Laboratories Ltd.

Cyanotech Corporation

DSM N.V

Parry Nutraceuticals

JXTG Nippon Oil & Energy Corporation

Fuji Chemical Industries Co., Ltd.

Kunming Biogenic Co., Ltd.

Valensa International Global

Kailu Ever Brilliance Biotechnology Co. Ltd.

Algalif Iceland Ehf

Zhejiang NHU Co., Ltd.

Atacama Bio Natural Products S.A., Inc.

AstaReal Inc

Fenchem Biotek Ltd.

Igene Biotechnology, Inc.

BGG (Beijing Gingko Group)

Cardax, Inc.

Algatechnologies Ltd.

Algaecan Biotech Ltd.

Otsuka Pharmaceutical Co., Ltd.

Yunnan Alphy Biotech Co., Ltd.

INNOBIO Corporation Limited.

Sinoway Industrial Co., Ltd.

KDI Ingredients

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global astaxanthin market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the astaxanthin market based on species type (haematococcus pluvialis, chlorococcum, chlorella zofingiensis), production technology (chemical synthesis, natural extraction), form (tablets, soft gel capsules, powder, liquid), grade (>=98%, 95%-97%, <=94%), application (aquaculture, dietary supplements, food & beverages, personal care & cosmetics, pet food), and region.

[foodandbeverages]

Food Authenticity Testing Services Market Earnings Margins, Value Of Production & Consumption Demand Figures 2023 to 2033

In 2023, the US$ 5893 million for the food authenticity testing service market (Markt für Dienstleistungen zur Prüfung der Lebensmittelauthentizität) is estimated to reach a revised size of US$ 10112.8 million by 2033. This market is expected to expand at a CAGR of 6% during the analysis period.

Consumers have become increasingly skeptical about the authenticity of food products designed to meet specific needs, such as vegan, free-form, and organic. This is due to intentional ingredient substitution, misleading consumers with false claims, and disruptive labeling.

To differentiate their products from conventional offerings, food manufacturers have adopted food authentication techniques to capture significant market share. Consumers are increasingly concerned about food safety and clean labels, so adoption may be on the rise.

The increasing incidence of fraud, false labeling, certification, and adulteration in food products is one factor driving the market growth. Additionally, consumers are becoming more knowledgeable about food quality, increasing market growth.

Detailed Market Study: https://www.futuremarketinsights.com/reports/food-authenticity-market

“The epidemic of economically motivated infestation (EMA) to overcome competition has forced governments to impose strict regulations on food inspection and authenticity regulations, pushing markets toward a multi-billion-dollar valuation.” – says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The food authenticity testing service market is expected to grow at a CAGR of 6% over the forecast period.

It is estimated that the food authenticity testing service market in North America will remain strong during the forecast period.

Due to its large population, Asia Pacific is expected to be the fastest-growing region for food authenticity testing services

Testing meat speciation authenticity is bolstered by a high incidence of meat consumption

The food authenticity testing services market in China is expected to witness significant growth at a CAGR of around 4.4%.

Competitive Landscape:

The global food authenticity testing service market is dominated by a small number of players aiming to concentrate their presence in emerging markets. They launch products, introduce innovations, acquire strategic companies, and establish laboratories and research facilities in areas that are not developed. By offering innovative products, market players can maintain supply and demand, thus assisting the growth of the overall market.

Several prominent companies dominate this market, including ALS Ltd, EMSL Analytical, Inc., Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA, Romer Labs, others.

Recent Developments:

In collaboration with Eurofins GeneScan Technologies GmbH in October 2019, UgenTec’s real-time PCR analysis software platform, FastFinder, may be used to develop assay plugins for Eurofins GeneScan Technologies’ portfolio of molecular biology kits. Furthermore, the partnership can help Eurofins scale up its assays with automated results reports and fast sample-to-result times for food, feed, and seed testing.

With the acquisition of Vanguard Sciences Inc. in January 2018, SGS expanded its global network of agriculture and food laboratories by integrating the company’s two food laboratories. Agricultural and food testing is provided by two laboratories, including product testing and research (including testing of processes and products).

SGS announces the opening of its new food testing laboratory in Papua New Guinea. In addition to food safety, quality, and sustainability, SGS offers a comprehensive range of services.

Food Authenticity Testing Services Market Segmentation by Category

By Food Tested:

Meat & Meat Products

Dairy & Dairy Products

Processed Foods

Other Food Tested

By Target Testing:

Meat Speciation

Country of Origin & Ageing

Adulteration

False Labelling

By Technology:

PCR-Based

Liquid Chromatography-Mass Spectrometry (LC-MS)

Isotope

Immunoassay Based/ELISA

Other Technologies

By Region:

North America

Latin America

Europe

The Middle East and Africa

East Asia

[foodandbeverages]

Bubble Tea Market Earnings Margins, Value Of Production & Consumption Demand Figures 2023 to 2033

The Bubble Tea Market (Bubble Tea-Markt)  is expected to increase at a 9% CAGR from 2023 to 2033, above the 9.1% CAGR witnessed between 2018 and 2022. This huge increase in growth rate suggests a high demand for bubble tea, resulting in a significant increase in market value from US$ 2.72 billion in 2023 to US$ 6.17 billion by 2033.

The bubble tea market has experienced enormous expansion and appeal in recent years. Consumer demand for unique and exotic beverages is one of the primary drivers of this expansion. Bubble tea, also known as boba tea, is a refreshing blend of tea, milk, fruit tastes, and chewy tapioca pearls that appeals to a wide range of palates.

The market is driven by the growing popularity of Asian cuisine and the influence of social media, which has played a significant role in promoting and popularizing bubble tea globally. The visually appealing presentation, customizable options, and innovative flavors have made bubble tea a trendy and sought-after beverage choice.

There are, nevertheless, some constraints and hazards to consider. Some bubble tea versions have a high sugar content, which has generated concerns about their influence on health and wellness. Furthermore, the market’s expanding competition, with several bubble tea brands emerging, presents a challenge for new and established businesses.

Despite these obstacles, the bubble tea market offers numerous potential. Sugar-free and fruit-based bubble tea varieties have been developed in response to increased customer demand for healthier options. Furthermore, growing market presence through online delivery platforms and cooperation with other food and beverage companies can assist in reaching new client groups and increasing market reach.

The bubble tea sector has numerous potential for expansion and innovation. Market players can continue to capitalize on the popularity and demand for bubble tea and drive the market’s expansion by addressing consumer health concerns, adopting new taste profiles, and employing digital marketing methods.

Information Source: https://www.futuremarketinsights.com/reports/bubble-tea-market

Key Takeaways

In the United States, the market is growing at a CAGR of 23.9% in 2022.

The United Kingdom is expected to develop at a CAGR of 5.1% by 2033, suggesting a strong industry outlook and rising consumer interest in novel beverage options.

The increased popularity of specialty beverages and the influence of global food trends are predicted to push India’s Bubble Tea market to a CAGR of 4.7% by 2033.

China’s Bubble Tea market is expected to develop at a CAGR of 11.4% by 2033, driven by the country’s growing urban population and changing customer preferences for creative and refreshing beverages.

Japan’s market has a compound annual growth rate of 4.8% as per the forecast for 2022.

Key companies proliferating in the bubble tea market

Bobabox Ltd.

Bubble Tea House Company

Fokus, Inc.

Gong Cha

ChaTime

Lollicup USA, Inc.

Bubble Tea Supply, Inc.

T Bun International

Ten Ren’s Tea Time

Troika JC

Recent Developments:

CoCo Fresh Tea & Juice is a global bubble tea franchise that stresses using fresh, high-quality ingredients. Their distinctive fruit teas combine fresh fruits with tea to create refreshing and tasty beverages.

Tiger Sugar is known for its distinctive and visually appealing cocktails with a “tiger stripe” pattern. They specialize in brown sugar bubble tea, which is made with slow-cooked brown sugar syrup for a rich, caramelized flavor profile.

[foodandbeverages]

Plant-based Yogurt Market Size 2023 Global Industry Share, Top Players, Opportunities And Forecast To 2033

The global plant-based yogurt market size is likely to jump from US$ 4,489.87 million in 2023 to US$ 15,398.39 million by 2033. This projected expansion is anticipated to result from a remarkable 13.1% CAGR in the demand for plant-based yogurt over the upcoming decade.

The plant-based yogurt market, which was until a few years ago thought to be in its infancy, has taken off in part because of flexitarians, who alternate between eating dairy and non-dairy products. Given the rising popularity of plant-based diets, the plant-based yogurt market has developed. Different plant-based diets have become more popular around the globe. Plant-based yogurt has emerged as a new option to follow sustainable dietary habits. Because of its nutritional advantages, plant-based yogurt is becoming gradually popular in place of traditional dairy yogurt. Dairy products are being consumed less frequently globally as a result of their declining shine.

One of the primary variables influencing the health advantages of plant-based yogurt is the frequency of diseases brought on by lactose intolerance. Demand for plant-based yogurt is also largely driven by the nutritional advantages of lowering the likelihood of cardiovascular disease. The popularity has been heightened by the growing trend of fortifying plant-based yogurt with nutrients. Plant-based yogurt that has been enriched with omega-3 fatty acids is one example. Health professionals are praising the several advantages of eating plant-based cultured yogurt.

The texture and consistency of plant-based yogurt products, however, are equivalent to those of traditional dairy products. Grain, seeds, and nuts are a few of the typical plant-based ingredients utilized in yogurt production. Soy, almond, hemp, oats, and coconut are a few of the popular ones. Inconvenience and specialized stores throughout the world, plant-based yogurt options are becoming more readily available. These yogurts taste much better now and have more flavor options than ever before.

Consumption of environmentally friendly food items is the primary promotional concept that plant-based yogurt supports. The adoption of plant-based diets has increased as a result of this tendency. Food manufacturers in the plant-based yogurt sector have discovered a vast opportunity in products like these to demonstrate that they are concerned about the environmental impact of packaged foods. It is reasonable to conclude that beverages and yogurt made from plants are a developing market.

Information Source: https://www.futuremarketinsights.com/reports/plant-based-yogurt-market

Key Takeaways from the Plant-based Yogurt Market

In 2022, the global plant-based yogurt market size stood at US$ 4,018.11 million.

The United States is leading the plant-based yogurt industry with a 20.8% global market share in 2023.

In 2023, Germany’s plant-based yogurt industry tracks the United States, holding a 5.7% global market share.

China emerged as a prominent player in the Asia Pacific plant-based yogurt industry, capturing a 5.6% global market share in 2023.

In 2023, Australia possesses a modest 5.2% portion of the global plant-based yogurt industry.

Japan’s plant-based yogurt industry secures a market share of 3.8% in 2023.

“For plant-based products in general and plant-based yogurt in particular, North America and Europe remain particularly attractive markets. These two regions have seen a significant rise in individuals adopting vegetarian and vegan lifestyles. Nevertheless, changing trends are encouraging expansion throughout the Asia Pacific. The cultural acceptance of plant-based foods in certain countries is likely to contribute to a favorable environment for growth.” according to Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Players and Strategies for Success in the Plant-based Yogurt Market

In the plant-based yogurt market, leading players are adopting key strategies for success. They prioritize innovation, crafting a wide array of flavorful options to entice consumers. Key market participants are heavily concentrating on expanding their consumer base through joint ventures or collaboration with other industry partners.

Top Brands in the Plant-based Yogurt Market

Callifia

Chobani

Forager

Good Plants

Good Karma

Kite Hill

LAVVA

Nancy’s

Silk

So Delicious

Recent Developments in the Plant-based Yogurt Market

In April 2022, a powerful plant-based yogurt base was introduced by MISTA, a San Francisco-based development system, as its initial member-created item. Customers can grab the plant-based yogurt base in the United States, Europe, and certain locations in Latin America.

In November 2021, Plant Veda, a renowned producer of dairy alternatives, confirmed the launch of “Plant Gurt,” a new plant-based yogurt that includes millions of active probiotics and can be mixed with smoothies or morning cereals.

Plant-based Yogurt Market Segmentation

By Nature:

Conventional

Organic

By Product Type:

Cereal Type

Oat

Rice

Corn

Spelt

Legume

Soy

Pea

Peanut

Lupin

Chick Pea

Nut

Almond

Coconut

Hazelnut

Pistachio

Walnut

Cashew

Pili Nut

Seed

Sesame

Flax

Hemp

Sunflower

Pseudo Cereal

Quinoa

Teff

Amarnath

Cassava

By Flavor:

Regular

Vanilla

Strawberry

Blueberry

Cherry

Peach

Raspberry

Coconut

Coffee

Others

By Price Range:

Economic

Mid-Range

Premium

By Sales Channel:

Food Service

Retail

Modern Trade

Convenience Stores

Specialty Stores

Discounters

Independent Small Groceries

E-commerce

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

MEA

[foodandbeverages]

Poultry Feed Market Size 2023 Global Industry Share, Top Players, Opportunities And Forecast To 2033

The poultry feed market is expected to increase from US$ 216.5 billion in 2023 to US$ 365.6 billion by 2033.

Increased Use of Online Food Delivery Channels is Contributing to the Growth of the Poultry Business

Farmers feed poultry birds such as ducks, turkeys, chickens, geese, and other domestic birds with poultry feed. Modern feed is created by carefully selecting and combining ingredients to provide a high nutritional diet that maintains the health of poultry birds while also boosting the quality of end products such as meat and eggs. The primary ingredients required by poultry birds for development, reproduction, maintenance, and health include minerals, vitamins, carbohydrates, proteins, and water.

Protein is a vital source of energy for chicken birds, particularly when carbohydrate and fat intake is low. The lack of anti-nutritional substances such as phytic acid, as well as the effect of unrestricted feed intake on the digestive tract of poultry birds, are driving up demand for poultry feed.

The rise in the global population is a critical factor that is likely to fuel the growth of the global poultry feed market. Furthermore, due to their low cost and a movement in customer taste towards white meat rather than red meat, consumption of poultry-based products has expanded dramatically around the world.

Improved awareness of protein intake in daily diet is an important factor in growing global per capita meat consumption. Additionally, rapid economic growth in the Asia Pacific and the Middle East and Africa countries has increased meat production and consumption in these regions, propelling market growth.

The fundamental driver of the poultry feed industry is an increase in demand for poultry meat products. Additional factors driving market growth include increasing industrial livestock production and growing demand for organic feed.

Population and income have a considerable impact on poultry product demand. Packaged poultry feed is expected to evolve more quickly than traditional chicken feed, offering new opportunities for industry participants.

Feed product quality and cost have emerged as two of the most important elements in this market, and suppliers are playing an essential role in the poultry feed business. To keep prices under control, chicken feed businesses are anticipated to increase their involvement in raw material production, which is expected to change market buying processes.

Information Source: https://www.futuremarketinsights.com/reports/poultry-feed-market

Key Points from the Poultry Feed Market

The requirement for nutritional feed to avoid poultry diseases, as well as farmers’ embrace of poultry farming as a source of income, is likely to drive the poultry feed market during the forecast period.

The poultry feed market is expected to capture a CAGR of 5.4% during the forecast period 2023 to 2033.

Asia Pacific dominated the poultry feed market.

Key Developments in the Poultry Feed Market

In March 2019, DuPont de Nemours and Company introduced the chicken feed supplement SYNCRA to improve nutrient digestibility in poultry production.

In September 2018, DSM N.V. and Novozymes released BALANCIUS, a feed enzyme that improves feed efficiency and digestibility in broilers while simultaneously increasing long-term product yield.

In October 2019, Cargill developed a feeding intelligence platform that provides farmers with materials on the most recent intelligent animal production techniques, intending to assist farmers in navigating and improving their operations across all species, including poultry animals.

In May 2018, Farmers introduced APOLLO, a new broiler feed brand, to broiler producers in the United Kingdom and Northwest Europe. The new feed line was designed to help modern broiler birds grow and stay healthy.

Poultry Feed Market by Key Segment

By Livestock:

Layers

Broilers

Turkeys

By Nature:

Conventional

Organic

By Feed Type:

Corn

Wheat

Barley

By Form:

Granules

Pellets

Powder

By Regional:

North America

Europe

Asia Pacific

Central & South America

The Middle East & Africa

[foodandbeverages]

CBD Oil Market Size: Competitive Landscape and Recent Industry Development Analysis 2023 to 2033

As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million.

The primary reasons propelling the market’s growth include rising demand and expanding legalization of cannabis, emerging applications of cannabis in cancer treatment, and the health advantages provided by products infused with cannabis. In the upcoming years, there are likely to be considerable development prospects for market participants due to the inclusion of cannabis in pet food and the rising demand for beverages with cannabis flavoring.

Cannabis is also the illicit substance that is grown, transported, and misused the most extensively worldwide. Broad cannabis use, both for recreational and therapeutic purposes, has received increasing acceptability across the United States, as indicated by legislative actions, ballot measures, and public opinion polls. In particular, a recent Quinnipiac University poll found that 55% of the United States people surveyed supported cannabis legalization without any new restrictions. Comparatively, 82% of survey participants supported the decriminalization of cannabis for medical use. Demand will progressively rise as legalization continues to spread globally, boosting the expansion of the CBD-infused products market as a whole.

Information Source: https://www.futuremarketinsights.com/reports/cbd-oil-market

Competitive Background:

The key players operating in the CBD oil market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the CBD oil market. As a result, market participants are likely to have a better overall revenue share in the global CBD oil market.

Key Takeaways:

The CBD oil market is anticipated to reach a valuation of US$ 389 million in 2023.

The high efficacy of CBD produced from hemp for various medical uses, including developing a therapy for Parkinson’s disease, is what drives demand for this market.

The CBD oil market is predicted to record a CAGR of 31% through 2033.

The CBD oil market is expected to surpass US$ 5,980.6 million by 2033.

The CBD oil for pets market is being driven by entrepreneurs who are focusing on developing lotions, skin care, pet care, and textile products using cannabidiol.

Significant Players in the Market Include:

CV Sciences

Medical Marijuana

Aurora Cannabis

Canopy Growth Corporation

Canntrust

Tilray

Kazmira LLC

As the CBD oil market is in a nascent stage, market players are focusing on gaining maximum share by expanding their product portfolio through new product launches.

Recent Developments:

CV Sciences Inc. launched “Plus CBD Gummies” at Natural Product Expo East 2018. These gummies are available in citrus punch and cherry mango flavors. These products comply with strict regulatory standards and are gluten-free and vegan-friendly.

One Leaf, one of the top face mask manufacturers in China, has started executing social media and online marketplace promotional efforts for its CBD products.

Key Segments Covered in CBD oil Market Study

Product Type:

Hemp Oil

Marijuana Oil

Application:

Pharmaceuticals

Food & Beverages

Gummies

Chewing Gums

Chocolate bars

Candies

Beverages

Dairy Products

Bakery Products

Snacks

Cosmetics

Others

Distribution Channel:

Direct/B2B

Indirect/B2C

Hospital Pharmacy

Retail Pharmacy

Hypermarkets/Supermarkets

Convenience Store

Online Retail

Others

Region:

North America

Latin America

Europe

South Asia

East Asia

Oceania

Middle East and Africa

[foodandbeverages]

Energy Drink Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

Energy drinks, erstwhile, only consumed and even marketed for the athletic community, have made their place in the shopping baskets of every household. The market, with a staggering revenue of USD 38,300 million, has reached its all-time peak in 2024. With the advent of plant-based and non-dairy energy drinks, the market is very likely to flourish in the coming future.

The need for instant refueling of energy, especially in the younger demographics, is shaping the future of this market. With the proliferation of influencer brands in developed countries like the United States, the United Kingdom, and India, this global valuation is slated to surpass USD 64,876 million by 2034.

Considering the rising number of people dealing with chronic diseases, brands in developed countries are also introducing zero-calorie or no-fat energy drinks. In countries like Japan, Germany, China, etc., where the growing aging population is the key concern, these types of strategies are very likely to strengthen market growth. The market is expected to grow at a modest CAGR of 5.40% through 2034.

“Sustainability of energy drinks bottles and tetra-packs is still a major concern in this market. Companies involved must embrace sustainable packaging and disposable of energy drinks bottles to cater to the demand of eco-conscious consumers and businesses”, opines an FMI analyst.

Information Source: https://www.futuremarketinsights.com/reports/energy-drinks-market

Key Takeaways from the Market Study

The RTD segment dominates the global energy drink market with a share of 66.40% in 2024.

Based on product type, the caffeinated segment leads the energy drink market with a share of 76.50% in 2024.

The energy drink market in India is anticipated to grow at a CAGR of 7.60% through 2034.

The energy drink market in Germany is estimated to rise at a 5.60% CAGR through 2034.

The energy drink market in Japan has the potential to increase at 6.10% CAGR through 2034.

The United States energy drink market is predicted to rise by 5.00% CAGR through 2034.

The energy drink market in China is very likely to grow at a CAGR of 7.00% through 2034.

Competitive Landscape

The global energy drinks market is highly competitive and consists of numerous international and domestic brands. Initially targeting athletes, these brands have expanded their consumer base over time.

The rise of eCommerce and last-mile delivery services has made it easier for international brands to reach consumers in developing and underdeveloped countries. The market is dominated by prominent companies such as Monster Beverage Corp., Kraft Foods Inc., The Gatorade Company, Inc., PepsiCo Inc., Coca-Cola Co., Red Bull GmbH, Nestlé S.A., Carlsberg A/S, NEALKO ORAVAN, spol s.r.o, Kabisa B.V., Suntory Holdings Ltd., etc. These companies have established a strong global presence and have expanded their consumer reach across international borders over time.

Recent Developments

Sprecher Brewing Co. entered the energy drinks market by acquiring Juvee from 100 Thieves in January 2024.

Monster Energy Ultra launched its new flavor, Fantasy Ruby Red, through an AR experience in March 2024.

Tata Consumer Products entered the energy drink market in September 2023 with Say Never Energy Drink, endorsed by James Blake.

Prime Energy drink, founded by YouTubers Logan Paul and KSI, became the official drink of the LA Lakers in March 2024.

[foodandbeverages]

Ready-to-drink Beverage Market Size, Swot analysis, Business Growth and Driver by 2034

The ready-to-drink beverage (RTDs) market value is expected to rise from US$ 206.25 billion in 2024 to US$ 430.30 billion by 2034. This market is analyzed to propel ahead at a CAGR of 7.60% over the next decade.

Industry players are strategizing for growth by increasing their college campus presence via nutrition-promoting programs. In addition, players are progressively working with collegiate sports programs and NIL athletes to give a boost to their brand awareness and promote product affinity.

With growing busy consumers in metropolitan cities, RTD beverage brands are promoting themselves as a lifestyle brand. These brands attune their products to consumers’ values, like freedom, wellness, and authenticity, to sell their products.

Key players offering energy RTDs, like the America-based Celsius, are building a strong foundation of loyal customers, typically found within the fitness community who increasingly consume energy boosters. Customers for these brands are gravitating toward their brands’ offerings because of the authenticity and support that they extend to fit lifestyle culture.

Energy RTD beverages make for a great gym partner, study partner, and get-through-your-shift partner as they quench thirst and give an instant surge of energy. Another noted driver for the energy drinks category under the RTD industry is that functional drinks can be paired with meals and food as they taste appetizing, that too without containing sugar content.

The alcoholic ready-to-drink beverage is also gaining momentum in developed and developing countries alike. Their sales are supported by increasing tourism activities and the expanding trend of celebrating everyday moments, packed in a convenient and portable bottle. The growth of alcoholic RTDs in developing countries is a testament to shifting consumer preferences.

Information Source: https://www.futuremarketinsights.com/reports/ready-to-drink-beverages-market

Key Takeaways from the Ready-to-drink Beverage Market Report

The ready-to-drink beverage market share was US$ 150.92 billion in 2019. From 2019 to 2023, the market registered a CAGR of 7.10%.

By product type, the coffee segment is predicted to occupy a value share of 21.5% in 2024.

Based on nature, the conventional segment is expected to exercise dominance in the global market, obtaining an 86.5% share in the market.

Regionally, the consumption patterns indicate that demand for ready-to-drink beverages is expected to be higher in emerging countries than in developed markets.

“Key players are expanding their presence the world over, by gradually expanding their operations and searching for opportunities and demand outside their homeland. Additionally, players who are agile in responding to the latest consumer preferences and trends are expected to have an advantage over their peers,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Latest Developments in the Global Ready-to-drink Beverage Market

In November 2023, Kirin Hyoketsu, Japan’s best-selling RTD, made its way to New Zealand. The beverage brand made its Kiwi debut with signature Lemon flavour which is a blend of soda, vodka, and frozen natural lemon juice.

In October 2022, Radico Khaitan introduced ready-to-drink options for the vodka brand. In the years to follow, the company shared that it was going to produce three variants, including cola, cosmopolitan, and mojito. At present, the products are sold in Karnataka, followed by Maharashtra, Goa, and Daman & Diu.

In December 2023, Coca-Cola India announced the testing of Lemon-Dou in India, which is a ready-to-drink alcoholic beverage.

Enlisted Below are Some Top Market Players

Diageo plc

Brown-Forman

Bacardi Limited

Asahi Group Holdings, Ltd.

Pernod Ricard

Halewood Wines & Spirits

SHANGHAI BACCHUS LIQUOR CO., LTD.

Suntory Holdings Limited

Manchester Drinks Company Ltd.

Anheuser-Busch InBev

Others

Market Segmentation of Ready-to-drink Beverage Products

By Product Type:

Tea

Coffee

Energy Drinks

Yogurt Drinks

Dairy-based beverages

Non-Dairy Based Beverages

Fortified Water

Others

By Nature:

Organic

Conventional

By Packaging:

Bottle

Tetra Pack

Sachet

Tin Can

Others

By Distribution Channel:

Supermarkets/Hypermarkets

Convenience Stores

Grocery Stores

Speciality Stores

Online retail

Different Regional Markets are as Follows:

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

[foodandbeverages]

Chitosan Market 2023 | Latest Trends, Demand, Growth, Opportunities & Outlook Till 2033

The global chitosan market is anticipated to be worth US$ 1,343.2 million in 2023, growing at a 14.3% CAGR from 2023 to 2033. The sales of chitosan products are expected to exceed US$ 5,112.14 million by 2033.

One of the key factors driving the sales of chitosan products is the shift towards natural and sustainable products. As consumers become more aware of the environmental impact of their purchases, they are increasingly seeking out products that are eco-friendly and biodegradable. In addition, the growing demand for natural and sustainable products in industries such as food, agriculture, and cosmetics is driving the adoption of chitosan-based products. Furthermore, the antimicrobial properties of chitosan are also driving its adoption in the food and medical industries.

As consumers and industries seek natural and sustainable alternatives to synthetic materials and chemicals, chitosan has become an increasingly popular choice. One trend in the chitosan industry is the use of sustainable sourcing methods, such as using crustacean by-products and fungi, to produce chitosan. In addition, companies are exploring innovative applications of chitosan, such as in the biomedical and pharmaceutical industries, further driving the growth of the chitosan industry.

With the growing demand for eco-friendly products, there are significant opportunities for the chitosan industry. Chitosan products are naturally derived, biodegradable, and non-toxic, making them an attractive option for consumers looking for sustainable alternatives. Furthermore, chitosan has a wide range of applications, including in the food, agriculture, and cosmetics industries, providing ample opportunities for new entrants to establish a foothold in the market.

Despite the growth potential of the chitosan industry, there are several challenges that manufacturers must overcome. One challenge is the high production costs of chitosan, which can make it difficult for manufacturers to compete with synthetic alternatives. In addition, the limited supply of crustacean shells, the primary source of chitosan, can make it difficult for manufacturers to scale up production.

Information Source: https://www.futuremarketinsights.com/reports/chitosan-market  

Key Takeaways from the Chitosan Market:

Germany is one of the largest chitosan markets, with a value of US$ 1,321 million predicted by 2023.

By 2023, the chitosan industry in the United States is estimated to be worth US$ 261.5 million.

The Japanese chitosan industry is anticipated to be worth US$ 341.7 million by 2023.

By 2023, China’s chitosan industry is projected to be worth US$ 179.8 million.

The chitosan industry in India is anticipated to be worth US$ 83.8 million by 2023.

The powder is expected to lead the market in terms of shape, with an estimated value of US$ 54,621 million in 2023.

The shrimp segment dominates the market by source, with a market value of US$ 35,689 million predicted in 2023.

Dietary supplements, with a predicted value of US$ 23,389 million in 2023, dominate the end-use category.

Manufacturers in the Chitosan Industry Innovating to Stay Ahead in a Growing Market

The chitosan industry is highly competitive, with a range of established players and new entrants vying for market share. Companies are employing innovative strategies to differentiate themselves from competitors and capitalize on the growing demand for sustainable and natural products.

Some of the key players in the chitosan industry include Primex, Golden-Shell Pharmaceutical, and KitoZyme. Primex, for example, has established a strong foothold in the chitosan industry by developing sustainable sourcing methods for chitin, the precursor to chitosan, and by offering a range of chitosan-based products for diverse applications. Golden-Shell Pharmaceutical, on the other hand, has developed a unique patented chitosan derivative, Glucosamine Hydrochloride Chitosan, which has applications in the pharmaceutical and nutraceutical industries. KitoZyme, a Belgian company, specializes in the production of chitosan derivatives for use in agriculture and the food industry.

New entrants to the chitosan market are also employing innovative strategies to carve out a niche for themselves. Some companies are focusing on developing unique chitosan blends, such as chitosan with glucomannan, to offer specialized applications for different industries. Others are exploring new applications of chitosan, such as in the wine industry, where it is used as a fining agent to remove impurities and improve the taste.

Key segments

By Form:

Liquid

Powder

By Source:

Shrimp

Crab

Lobster

By End Use:

Food Additive

Dietary Supplements

Crohn’s Disease

Dental Cavities

Anemia

Periodontists

Weight Loss

Sports Nutrition

Immune & Digestive Health

Bone & Joint Health

Heart Health

Other Specific Requirements

Pharmaceuticals

Cosmetics

Hair Care

Nail Care

Skin Care

Toiletries

Spa

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa (MEA)

[foodandbeverages]

Marine Collagen Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2034

The marine collagen market is anticipated to surpass US$ 859 million in 2024 and is likely to attain a valuation of US$ 1,074.00 million by 2034. The marine collagen size is projected to expand at a CAGR of 7.10% from 2024 to 2034.

Key Coverage in the Marine Collagen Market Report

Adjacent Study of the Fish Collagen Market, Marine Collagen Powder Market, Collagen Market, Fish Collagen Peptides Market, and the Marine Hydrolyzed Collagen Market.

Demand Analysis of Collagen Derived from Fish Industry Waste

Revenue Analysis of China Marine Collagen Market

Consumption Analysis of Russia Marine Collagen Market

Demand for marine collagen-based nutricosmetics is being driven by the confluence of health and beauty trends. The supposed advantages for skin elasticity, hydration, and anti-aging properties are driving sales of marine collagen and several nutricosmetic products.

Functional foods and drinks that provide health advantages beyond a basic diet are becoming increasingly popular among consumers. Various functional food and beverage items, including protein bars, snacks, and beverages with collagen infusions, are being made with marine collagen. Customers searching for easy solutions to boost their general health and well-being will find these goods appealing.

Companies can target niche markets with bespoke goods catered to particular demographics or health problems, given the adaptability of marine collagen. For instance, there’s a rising need for marine collagen supplements that address menopausal support, postpartum recovery, perinatal health, and improving athletic performance. Businesses in the competitive collagen industry may establish a distinctive stance and set themselves apart from rivals by recognizing and capitalizing on these specialized niches.

Information Source: https://www.futuremarketinsights.com/reports/marine-collagen-market

“Innovation, environmental sustainability, and legal compliance are critical for success in the marine collagen market. Prioritizing technology, environmentally conscious operations, and regulatory compliance are essential for businesses to remain competitive in this quickly changing industry,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key Takeaways from the Marine Collagen Market Report

The global marine collagen market size expanded at a 6.00% CAGR from 2019 to 2023.

The fish segment holds 70.3% of the market in 2024.

The bones & tendons segment captured 55.6% of the market in 2024.

The market in the United States is projected to rise at a 4.2% CAGR through 2034.

The market in Germany is anticipated to develop at a 5.1% CAGR through 2034.

The market in Japan is estimated to surge at a 6.4% CAGR through 2034.

The market in Australia is expected to increase at a 6.9% CAGR through 2034.

Competitive Landscape

The marine collagen market is characterized by fierce competition among companies for product innovation, brand recognition, price tactics, and distribution networks. Established companies with a significant market presence use their reputation to build consumer trust and loyalty. Pricing strategies are critical for maintaining both competitiveness and profitability. Effective distribution networks, which include partnerships and eCommerce, increase market reach. Regulatory compliance guarantees product safety and quality, distinguishing reputable providers in a competitive market.

Recent Developments

In July 2023, CHOSEN® by Dermatology, a prominent skincare brand in India, debuted the TOR™ Mighty Marine Collagen in a natural Pomegranate taste. TOR™ Mighty Marine Collagen contains Peptan® Marine, a premium wild-caught fish collagen provided specifically to India by CHOSEN®.

In June 2023, Z Natural Foods, a leading producer of natural powders, debuted with hydrolyzed marine collagen peptides.

Market Segmentation

By Source:

Skin

Muscles

Scales

Bones & Tendons

By Animal Type:

Fish

Marine Organisms

By Application:

Cosmetic

Healthcare

Medical

Nutraceuticals

By Region:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific (APAC)

Middle East & Africa (MEA)

[foodandbeverages]

Fishmeal & Fish Oil Market Segmentation Application, Technology & Market Analysis Research Report To 2033

The fishmeal and fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%.

The production of fishmeal and fish oil is expected to increase moderately in the coming years as a result of improved by-product utilization and a growing aquaculture industry.

According to the OECD, aquaculture's contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to reach 105 million tons by 2029, ten million tons more than the capture sector.

As feed demand has increased in tandem with increased aquaculture production, the inclusion of fish meal and fish oil in feed recipes has clearly declined, and has been partially replaced by vegetable substitutes such as soymeal and rapeseed oil.

Due to their scarcity, fishmeal and fish oil will be employed more frequently as strategic ingredients at lower percentages and for particular production stages.

The development and dynamics of the markets for fish oil and fishmeal on a worldwide scale can be influenced by a variety of variables. Included in them are extrinsic variables like the weather and environment, fishery management, trade policies, etc.

Information Source: https://www.futuremarketinsights.com/reports/fishmeal-and-fish-oil-market

Key Takeaways from the Fishmeal & Fish Oil Market

The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.

Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.

The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.

The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and well being is the key factor behind this significant growth of the region.

China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.

Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.

Latest Developments

In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.

In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.

Key Segments Fish meal & Fish Oil Market

Source:

Salmon & Trout

Marine Fish

Crustaceans

Tilapia

Carps

Application:

Aquaculture & Aquatic Feeds

Land Animal Feeds and Livestock

Agriculture and Fertilizers

Pharmaceuticals

Dietary Supplements

By Region:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific excluding Japan (APEJ)

Japan

The Middle East & Africa (MEA)