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gmiblog · 1 year ago

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Fresh Vegetable Market Growth | Trends Analysis Report 2032

The fresh vegetables market is forecasted to register a 6% CAGR from 2024 to 2032, driven by increasing consumer awareness of healthy eating, advancements in agricultural technologies, and a surge in demand for processed vegetable products. Health-conscious consumers are increasingly favoring organic foods, driving up demand. As dietary habits shift and nutrition takes center stage, fresh vegetables are becoming essential in households and food processing industries globally.

Moreover, the rising number of company acquisitions and inter-business deals are further propelling market growth. For example, in August 2024, GrubMarket finalized its acquisition of Best Oriental Produce, a company based in Vernon, CA, specializing in fresh produce. Best Oriental Produce boasts a 700-hectare farming operation spanning California and Mexico, cultivating top-notch vegetables year-round.

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Among vegetable types, the allium vegetables segment is set for notable growth. Allium vegetables, encompassing onions, garlic, leeks, and chives, are celebrated for their unique flavors and health advantages. Their rising popularity stems from their rich nutritional profile, including vitamins and antioxidants, and their culinary versatility. This demand is further amplified by a growing consumer inclination towards natural and organic foods.

The food processing sector significantly drives the market outlook. The demand for convenience and ready-to-eat foods has led to a surge in the use of fresh vegetables in food processing. These processed vegetables play a pivotal role in crafting soups, sauces, snacks, and frozen items, catering to consumers' desires for quick yet nutritious meals. Furthermore, advancements in food processing technologies and preservation methods are not only enhancing the quality and shelf life of these vegetables but also spurring market growth.

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From 2024 to 2032, the Europe Fresh Vegetables Market is set for substantial growth. The region's advanced agricultural practices, heightened demand for fresh and organic produce, and commitment to sustainability are key drivers. European consumers increasingly prioritize locally sourced, premium vegetables, a trend bolstered by government policies advocating sustainable farming and food waste reduction. Europe's established supply chains and a vibrant food processing industry further amplify market growth. Additionally, ongoing investments in agricultural technology and research signal a commitment to innovation and expansion in the European fresh vegetables market.

Notable participants in the fresh vegetable market include Chiquita Brands International, Dole Food Company, Earthbound Farm, Fresh Del Monte Produce, Green Giant (B&G Foods), Grimmway Farms, Mann Packing Company, Naturipe Farms, Taylor Farms, The Wonderful Company

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gmiblog · 1 year ago

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Spirulina Protein Market Share – Industry Analysis, Key Players and Trends to 2032

The global spirulina protein market is projected to showcase significant expansion through 2022-2030 attributed to the upgrades in technological developments in the industry.

Animal feed producers are increasing their demand for protein-rich diets for livestock feed due to the presence of minimal anti-nutritional factors (ANFs). Companies are also putting forth efforts to safeguard and sustain their supplier base due to unknown shifts in the supply chain mostly during the COVID-19 pandemic.

Additionally, supply management agreements with distributors and dealers are emerging as a key strategy to guarantee that goods are efficiently distributed across all regions.

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Based on dosage form, the industry has been divided into capsules, powder, tablets, and others. The others segment is slated to witness a CAGR of more than 10.5% over the review timeline. This is credited to the growing preference for spirulina protein products such as gummies, given the ease of consumption of these dosage forms.

With respect to application, the bakery & confectionery segment is set to register more than 8% CAGR through 2030, due to the changing trend toward vegan and organic nutrition. Naturally-sourced ingredients such as spirulina protein are becoming increasingly used in healthier confectionary and bakery products, contributing to market development.

Meanwhile, the snacks segment is expected to exhibit a CAGR of over 8% over the forecast period, due to the shift in focus of snack manufacturers on nutrient enrichment through the use of ingredients such as spirulina protein.

The pharmaceuticals application segment is estimated to record a CAGR of over 8.5% through 2030, given the ability of spirulina protein supplements to enhance medicinal drugs.

The animal feed segment is poised to register more than 7.5% CAGR between 2022 and 2030, driven by the expanding animal-rearing sector, and the subsequent increase in demand for nutrient-rich animal feed products.

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The cosmetics segment is expected to record over 7% CAGR through 2022-2030, due to the use of spirulina protein products in skin care products such as creams and lotions.

From the regional perspective, the Middle East & Africa spirulina protein market is likely to register commendable growth over the forecast spell, owing to new technological advancements and the introduction of cutting-edge functional food products in the region.

Notable participants in the Spirulina Protein market include Nutrex Hawaii Inc., Earthrise Nutritinals LLC, Prolgae Spirulina Supplies Pvt. Ltd., Far East Bio-Tec Co. Ltd., Yunna Green A biological Project Co. Ltd., Cyanotech Corporation, E.I.d Parry (India) Ltd., ENERGYbits Inc., Allmicroalgae, JUNE Group of Companies (JUNE Spirulina), Phycom Microalgae, Fuqing King Dnarmsa Spirulina Co. Ltd