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Plant-Based Milk Market 2022| Future Outlook by Key Players, Size, Share and Forecast 2022-2030 By R&I
A report titled “Plant-Based Milk Market: Opportunity Analysis and Future Assessment 2022-2030” has been added on Reports and Insights. In the market analysis 2022, the economic outlook is screened from driving factors to upstream markets and the comprehensive status of the market. An in-depth evaluation of the entire growth vistas for the overall and regional market is offered which is primarily based on a thorough evaluation of leading industry players, primary and secondary data.
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Plant-Based Milk Introduction
Plant based milk can be understood as a kind of plant beverage with a color similar to that of milk. Plant based milks are basically non-dairy beverages developed from a water-based plant extract for aroma and flavoring. Plant based milks are consumed as replacements to milk, and by and large offer a milky and buttery mouthfeel. There are roughly around 17 various kinds of plant milks; among which oat, almond, coconut, and soy are the biggest-selling all around the world. It is significant to note that plant-based beverages have been used up for centuries, with the name "milk-like plant juices", since the 13th century. In present times, they are oftentimes pertained to as alternative milk, plant-based milk, non-dairy milk or vegan milk.
Attributing to its higher nutritional values and rich in minerals, vitamins, proteins and carbohydrates, plant-based milk is broadly recognized among consumers. It has several different applications in the dairy industry, food and beverage, and cosmetic industry. By virtue of rising awareness with regard to plant milk and its nutritional values among the consumers, the global plant-based milk market is projected to grow significantly in the following years.
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Plant-Based Milk Market Segmentation
The global plant-based milk market is segmented on the basis of category, form, source, product type, flavor type, end use, and region.
By Category
Organic
Conventional
By Form
Liquid
Powder
By Source
Fruits
Rice
Nuts
Soy
Others
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
Other Product Types (Spelt Milk, Banana, etc.)
By Flavor Type
Original/Unflavored
Flavoured
Chocolate
Vanilla
Strawberry
Coconut
Mocha
Berry
Hazelnut
Other
By End-Use
Infant Formula
Dairy Products
Milk
Cheese
Yogurt
Butter
Spreads
Ice Cream
Frozen Dessert
Bakery & Confectionary
Milk & Milk-based Beverages
Retail Sales
By Sales Channel
Direct Sales
Indirect Sales
Modern Trade
Convenience Store
Departmental Store
Traditional Store
Specialty Store
Online Retailers
Other Sales Channel
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Plant-Based Milk Market Key Players
Some of the key participating players in global Plant-Based Milk market 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
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.
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Lactic Acid Market - Forecast (2022 - 2027)
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Lactic Acid Market size is estimated to reach $1.4 billion by 2027, growing at a CAGR of 8.3% during the forecast period 2022-2027. Lactic acid is one of the most well-known organic acids, with an extensive series of industrial applications. The food, chemical, pharmaceutical and cosmetics sectors are mostly utilizing lactic acid. Lactobacillales are an order of gram-positive, low-GC, acid-tolerant, ordinarily nonsporulating, non-respiring, either rod-shaped (bacilli) or spherical (cocci) bacteria that share typical metabolic and physiological traits. These bacteria, normally discovered in decomposing plants and milk products, generate lactic acid as the principal metabolic end product of carbohydrate fermentation, providing them the typical name lactic acid bacteria (LAB). Lactic acid is essential for preparing wine and fermented dairy products, as well as pickling vegetables. Lactic acid E270 can be utilized in meat, poultry and fish in the form of sodium or potassium lactate to expand shelf life, regulate pathogenic bacteria (enhance food security), improve and safeguard meat flavor, enhance water binding capacity and decrease sodium. Lactic acid serves an assortment of purposes, like a catalyst, food emulsifier and hazardous chemical or plastic replacement. Lactic acid is utilized as a catalyst in the generation of an assortment of industrial products. The application of lactic acid as a substitute for harmful chemicals and polymers, particularly in food and drinks and pharmaceuticals, is fueling the expansion of the Lactic Acid Industry. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. It is utilized as a synthetic intermediate in numerous organic synthesis industries and in different biochemical industries. The conjugate base of lactic acid is termed lactate. The derived acyl group is named Lactoyl. Enzyme Lactate dehydrogenase (LDH) is an enzyme discovered in most living organisms accountable for the conversion of pyruvate, the end product of glycolysis, into lactic acid. Additionally, lactic acid has several applications in the manufacture of drugs as an electrolyte in numerous, parenteral/I.V. The principal functions for pharmaceutical applications are pH-regulation, chiral intermediate and metal sequestration, as a natural body component in pharmaceutical products.
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Lactic Acid Market Report Coverage
The “Lactic Acid Market Report - Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Lactic Acid Market.
By Raw Material: Sugarcane, Corn, Cassava and Others. By Application: Food & Beverages, Pharmaceuticals, Personal Care and Others. By Geography: North America (the U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest Of The World (Middle East, Africa).
Key Takeaways
Geographically, North America (Lactic Acid Market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the expanding personal care, pharmaceutical applications involving functions like metal sequestration and food and beverages industries and the advancing pharmaceutical industry in the U.S. as a result of rising expenditures on medicines in the North American region.
Lactic Acid Market growth is being driven by the surging application of lactic acid which is an alpha hydroxy acid (AHA), in the production of Polylactic Acid (PLA), which is a biodegradable polymer and a compostable thermoplastic prepared from renewable sources, like lactic acid, generated through fermentation processes. However, the fermentation process of the lactic acid which needs technological optimization and product purification and the biotechnological production needing optimization of nutrients thereby resulting in soaring manufacturing costs are some of the major factors hampering the growth of the Lactic Acid Market.
Lactic Acid Market Detailed Analysis of the Strength, Weaknesses and Opportunities of the prominent players operating in the market will be provided in the Lactic Acid Market report.
Lactic Acid Market Segment Analysis - by Raw Material
The Lactic Acid Market based on raw materials can be further segmented into Sugarcane, Corn, Cassava and Others. The Sugarcane Segment held the largest Lactic Acid Market share in 2021. This growth is owing to the surging application of Sugarcane as feedstock for the production of lactic acid attributed to its allowing producers to enhance sustainability. For example, the increase in demand for farming land across the globe makes sugarcane a more beneficial raw material owing to its typically producing a higher yield per hectare than other feedstocks, like corn or rice. This means that there needs to be an abundance of sugar accessible for lactic acid producers to utilize even when farming land decreases. Its byproduct molasses include heavy metals which have a growth-inhibitory effect. The main sugar content in molasses is sucrose which often needs to be hydrolyzed to glucose and fructose, especially for utilization by Lactobacillus species. Lactobacillus species can convert sugar content to lactic acid with great efficiency. Lactic acid is an alpha hydroxy acid (AHA) and is a chemical exfoliator typically made from sugarcane which is further propelling the growth of the Sugarcane segment.
Furthermore, the Corn segment is estimated to grow with the fastest CAGR of 9.5% during the forecast period 2022-2027 owing to the soaring preparation of Lactic acid which is an alpha hydroxy acid (AHA) from corn and its frequent application as an exfoliant and in anti-wrinkle products and in body wash where it functions as a natural preservative. Presently,��nearly 90% of the commercially accessible lactic acid is generated by submerged fermentation of corn and the corn feedstock is responsible for almost 70% of the complete production cost (Abdel-Rahman et al., 2013). The heightening production of Poly(lactic acid) or polylactic acid or polylactide (PLA) as a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable biomass, classically from fermented plant starch like from corn is further fuelling the growth of this segment.
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Lactic Acid Market Segment Analysis - by Application
The Lactic Acid Market based on the application can be further segmented into Food & Beverages, Pharmaceuticals, Personal Care and Others. The Food & Beverages Segment held the largest Lactic Acid Market share in 2021. This growth is owing to the advantageous characteristics of Lactic acid like its capacity to enhance the flavor of food and beverages while also extending their shelf life by inhibiting the growth of pathogenic microbes. With the heightening penetration of lactic acid in the fish, poultry and meat industries, demand for these products is estimated to increase as a result of these features. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. It occurs naturally in numerous edible products and is also a vital ingredient in the food industry. Also, lactic acid is non-toxic and consequently recognized and classified as a ‘Generally Recognized as Safe’ substance by the U.S. Food and Drug Administration (FDA) for extensive application as an additive in the food industry. The soaring application of lactic acid as a flavoring substance in numerous food products like pickles and fermented milk, the production of lactic acid during the fermentation process of numerous healthy foods, including yogurt, kimchi and miso and the proliferating application of lactic acid as a food preservative for cheese, olives and desserts are further propelling the growth of this segment.
Furthermore, the Pharmaceuticals segment is estimated to grow with the fastest CAGR of 9.9% during the forecast period 2022-2027 owing to the expanding application of Lactic acid in pharmaceutical manufacture. Lactic acid is divided into lactate (Lactate ions) and Hydrogen ions. The advantageous properties of lactic acid like metal sequestration, pH regulator, effectiveness in being a natural body constituent and chiral intermediate in pharmaceutical products are further fuelling the growth of this segment.
Lactic Acid Market Segment Analysis - by Geography
The Lactic Acid Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. North America (Lactic Acid Market) held the largest Lactic Acid Market share with 39% of the overall market in 2021. this growth is owing to the existence of personal care and cosmetic firms like Maybelline New York, Procter and Gamble, the Colgate-Palmolive Company, Avon, Unilever and Johnson and Johnson Private Limited in the North American region. The robust manufacturing base of international cosmetic manufacturers, like Procter and Gamble, Unilever and Johnson and Johnson Private Limited, in the U.S. results in greater demand for personal care products, emerging demand for Polylactic Acid (PLA) attributed to the U.S. government's endeavors toward decreasing carbon footprint, soaring demand from packaging applications and the growth of the pharmaceutical and personal care industries are further propelling the growth of the Lactic Acid Industry contributing to the Lactic Acid Industry Outlook in the North American region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the rise in the application of lactic acid as a food additive resulting in greater demand for lactic acid in the Asia-Pacific region. Lactate is metabolized essentially in the liver (60%) and kidney (30%). Heightened demand for lactic acid in meat and additional food applications, accessibility of low-cost raw materials, technological innovation and powerful backing from large manufacturing businesses are further fuelling the growth of the Lactic Acid Industry in the Asia-Pacific region.
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Lactic Acid Market Drivers
The Growing Demand for Lactic Acid in Food and Beverage Applications is Propelling the Growth of the Lactic Acid Market:
Lactic acid is considered a critical constituent in food and beverage products owing to its distinct functional qualities. The extensive series of applications of lactic acid in the food and beverage sector, as well as the assortment of functional advantages provided by food acidulants, are fuelling the growth of the Lactic Acid Market. There are two kinds of lactic acid drinks namely lactic drinks and pasteurized lactic drinks. Pasteurized lactic drinks are manufactured by pasteurizing fermented milk. Proteins in lactic acid drinks are suitably stabilized in order to avoid sedimentation and separation during the shelf life. In the food & beverage industry, lactic acid is preferred over synthetic chemicals owing to their altered flavor, texture, or characteristics of products to increase their shelf life. In the dairy industry, lactic acids are used to coagulate milk and produce cheese flavors. Whereas in the brewing industry, lactic acid improves starch conversion in beer, thereby increasing the yield. In the baking industry, lactic acid help in controlling the acidity of the dough and improving the shelf life of baked goods. Major uses of lactic acid in the food industry are found in cheese manufacturing, baking, confectionery manufacturing, processed meat and vegetable processing. The molecular weight or molar mass of lactic acid is 90.08g/mol while its PH level is 3.51 per 1 mM of lactic acid. The recommended dosage of calcium lactate in the dough is 0.1-1% to restrict mold growth and for good taste. Formerly utilized at concentrations between 2 and 5 percent to treat beef, lactic acid is certified for application at concentrations up to 10 percent for certain processes. The growing demand for lactic acid in food and beverage applications is therefore propelling the growth of the Lactic Acid Market.
The Increasing Usage of Lactic Acid in Pharmaceuticals, Cosmetics and Personal Care Industry is Fuelling the Growth of the Lactic Acid Industry:
Presently, lactic acid is utilized in pharmaceutical and cosmetic industries based on its functional characteristics. This alpha hydroxyl acid plays numerous significant roles in several biochemical pathways. Lactic acid esters are finding expanded application in agrochemicals and pharmaceuticals. In agrochemicals, they are utilized to generate environment-friendly insecticides and pesticides. In the pharmaceutical sector, lactic acid esters are utilized in manufacturing ointments and medicines. One of the principal functions of pharmaceutical applications is metal sequestration. Lactic acid is used as a humectant, exfoliator, pH adjuster and skin prepping agent in different beautifying and personal maintenance products. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group It smoothens, revitalizes and sets an even skin texture while appearing firmer. It helps in diminishing acne spots, wrinkles and fine lines on the skin. Additionally, the product is included in hair products owing to its capability to reinforce fragile hair. The upsurge in user consciousness is estimated to amplify the demand for cosmetics and individual maintenance products and further thrust the market development. The promptly increasing number of social media handlers, tailored advertisements and celebrated social influencers recommending numerous cosmetic products by way of these media are estimated to boost cosmetic and personal care product sales. Further, brands with online websites and e-commerce businesses like Alibaba Express and Amazon have amplified online shopping, which, in turn, may bolster the demand for cosmetic and personal care products. Lactic acid is an alpha hydroxy acid, or AHA, utilized in over-the-counter (OTC) skin care products and professional treatments. Over-the-counter lactic acid products come in distinct concentrations, from 5% to greater than 30%. The increasing usage of lactic acid in pharmaceuticals, cosmetic and personal care industries is therefore fuelling the growth of the Lactic Acid Industry thereby contributing to the Lactic Acid Industry Outlook during the forecast period 2022-2027.
Lactic Acid Market Challenges
The Possible Side Effects of Lactic Acid in Food are Hampering the Growth of the Lactic Acid Market:
Lactic acid is an alpha-hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. Lactic Acid, 85 Percent, FCC is utilized as a food preservative, curing agent and flavoring agent. Lactic acid, or lactate, may be regarded as a chemical byproduct of anaerobic respiration. Although lactic acid is typically regarded as safe and has been connected with numerous health advantages, it may bring about side effects for certain people. Specifically, fermented foods and probiotics may temporarily aggravate digestive problems like gas and bloating. One small investigation in 38 people connected probiotic application, increased blood levels of lactic acid and bacterial overgrowth in the small intestine with symptoms like gas, bloating and brain fog - a condition represented by impaired memory and concentration. Certain research also recommends that probiotics influence immune function distinctly in healthy people in comparison with those who are immunocompromised. Furthermore, these safety concerns are principally for individuals with serious health conditions utilizing probiotic supplements. Probiotics, inclusive of lactic acid-producing bacteria, may bring about digestive issues and brain fog in certain people. They may also adversely influence immunocompromised people, though this mostly applies to supplements instead of foods. These issues are restraining the growth of the Lactic Acid Market.
Lactic Acid Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Lactic Acid Market. The Top 10 companies in the Lactic Acid Market are:
Galactic
Corbion N.V.
Cargill Incorporated
DuPont de Nemour Inc.
Vigon International Inc.
Henan Jindan Lactic Acid Technology Co. Ltd.
BASF SE
Mitushi Biopharma
Musashino Chemical Laboratory
Synbra Technology
Recent Developments
In September 2021, LG Chem, a leading global diversified chemical firm and ADM, a global leader in nutrition and biosolutions, declared that they have marked a memorandum of understanding (MoU) to explore US-based generation of lactic acid to meet the burgeoning demand for an extensive assortment of plant-based products, inclusive of bioplastics. The terms of the agreement were signed by Juan Luciano, chairman and chief executive officer of ADM and Hak Cheol Shin, vice chairman and CEO of LG Chem, at ADM’s global headquarters in Chicago. Under the terms of the agreement, the two firms plan to take steps toward introducing a joint venture in early 2022 that would construct, own and function a U.S.-based facility to generate high-purity corn-based lactic acid on a commercial scale.
In June 2021, International Flavors and Fragrances (IFF) launched YO-MIX ViV, an “extremely robust” lactic acid bacteria culture for ambient yogurt and additional fermented drinks products. The constituent introduction targets the Asia-Pacific region, with attention aimed at China. YO-MIX ViV is marketed as a rare culture that permits producers to provide ambient yogurt and other fermented beverages with greatly stable live cultures all through shelf-life for the earliest time.
In April 2021, Total Corbion PLA, a 50/50 joint venture between Total and Corbion, started the front-end engineering design stage for its novel 100,000-tonne-per-year Poly Lactic Acid (PLA) factory in Grandpuits, France. The facility will be the first of its kind in Europe when it opens in 2024. Total Corbion PLA would become the global market leader in PLA, well-positioned to meet the constantly increasing demand for Luminy® PLA resins. This concludes the Lactic Acid Industry Outlook.
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Global Stevia Dairy Product Market - Forecast (2022 - 2027)
Global Stevia Dairy Product Market Overview
The Global Stevia Dairy Product Market size is estimated to reach $1.1 billion by 2027. Furthermore, it is poised to grow at a CAGR of 8.7% over the forecast period of 2022-2027. Stevia has been a natural sweetener that has been growing in its demand owing to its beneficial nutrient profile as compared to sucrose or corn syrup. The stevia plant belongs to the sunflower family, and its leaves contain sweet-tasting compounds known as steviol glycosides. Further, around 50 steviol glycosides have been identified, and each plant has approximately 9 unique of these compounds, and is approximately 200-350 times sweeter than sugar. Stevia has been of the great choice to the marketers as it allows to maintain stability throughout the pasteurization process, hence its usage can be adopted in various end products, such as yogurts-flavored milk-ice creams, and others. The sugar substitute often works best in combination with saccharin or cyclamate or others as it tends to lower the bitterness and astringency. The growing burden of diseases amongst the groups of societies along with manufacturers' preference to incorporate stevia alone or with the cooperation of another form of high-intensity sweeteners to increase the market reach has been identified as the key driver for the Global Stevia Dairy Products Industry.
Global Stevia Dairy Product Market Report Coverage
The report: “Global Stevia Dairy Product Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Stevia Dairy Product Market.
By Product Types: Yogurt, Flavored Milk, Ice Creams, and Others.
By Distribution Channel: Offline Stores and Online Stores.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
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Key Takeaways
Geographically, North America’s stevia dairy products market held a dominant market share in the year 2021. It is owing to a robust product launch observed within the region, additionally, stevia plantation takes place within the likes of countries likes Mexico and the U.S. which allows for better market reach. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2022-2027, the growing taste preferences within the likes of countries such as India and China would allow for better market penetration.
The growing burden of diseases amongst the masses of societies along with manufacturers' preference to incorporate stevia alone or with the cooperation of other forms of high-intensity sweeteners to increase the market reach has been a key driver for the market. However, complex challenges faced by manufacturers to maintain texture-indulgence and mouthfeel along with the general sentiment of sweetness impede the overall market growth.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Stevia Dairy Products Market Report.
Global Stevia Dairy Product Market Segment Analysis- By Product Type
The global stevia dairy product market based on product type can be further segmented into Yogurt, Flavored Milk, Ice Creams, and Others. Yogurt held a dominant market share in the year 2021. Strong consumer demand has been noticed for yogurt owing to its ability to tick the necessary nutrient and healthy lifestyle marks such as being low-in calorie, reduced fats, and ability to provide longer satiety. Additionally, stevia integration with such necessities allows for robust product innovation. As per a sensory study, around 50% of sugars present in a strawberry-sugar flavored yogurt can be readily substituted by stevia (rebaudiana A) without any perceivable taste changes. Furthermore, yogurt’s nutrient profile is fulfilled with immense proteins, as per a Kerry Group study, consumers are ready to pay a premium of 10-15% if the products are positioned and claimed as “fortified with proteins”. Owing to these reasons, the segment held a dominant share. However, Ice-Creams are estimated to be the fastest-growing, with a CAGR of 9.7% over the forecast period of 2022-2027. Ice-Cream has been the most consumed and popular frozen dessert, and its acceptance is high owing to its robust sucrose presence. Moreover, industry experts believe that stevia’s natural label claim provides the “aware” consumers a chance to change their consumption patterns, and incline towards beverages that will fulfill their nutritional goals while simultaneously working on taste fulfillment.
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Global Stevia Dairy Product Market Segment Analysis- By Distribution Channel
The global stevia dairy products market based on distribution channels can be further segmented into offline stores and online stores. Online Stores held a dominant market share in the year 2021. Online retail channels picked up during the year owing to pandemics. People have started to adapt to the new normal, where activities such as work from home and college from home have become prevalent. Additionally, recent surveys from Chicory Third Annual Grocery Usership revealed that digital platforms are being preferred more than offline stores. As per the participants of the survey, around 72% purchased basic groceries items online in the last 90 days, while around 52% said that they have placed grocery orders online at least once every week. Furthermore, online retail is estimated to be the fastest-growing, with a CAGR of 9.4% over the forecast period of 2022-2027. Convenience was ticked by maximum respondents, while around 46% of respondents cited convenience or time constraints as their primary motivation for ordering online, and only around 10% governing that reason for online purchases is a resultant of health worries. Moreover, the CEO of Chicory feels that digital grocery shopping is here to stay, and consumers would continue to prioritize their convenience over everything else. Owing to these trends, the sales would grow exponentially through these channels.
Global Stevia Dairy Product Market Segment Analysis- By Geography
The global stevia dairy product market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America held a dominant market share of 35% in the year 2021. The region has been growing extremely wary of its food consumption trends and is inclining towards products that are free from processed sugars or are free from sugar. As per CDC, around 11.4% of the U.S. population have diabetes, and an even greater percentage is on the brink to develop type-1 diabetes. However, a major portion of consumers still have their preferences tied towards ice-creams and flavored drinks that have high amounts of sucrose, hence, product manufacturers are aligning products in the market which can substitute some amounts of sucrose with stevia. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2022-2027. Product innovations along with spectacular demand and production from the likes of China and India would allow the market of such alternatives to grow. Additionally, the region has countries with various forms of CVDs, which would push them to consume dairy products with stevia blend.
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Global Stevia Dairy Product Market Drivers
The growing disease burden pertaining to high sugar consumption and overall pessimistic sentiments regarding the use of processed sugar has been a key driver for the market
Obesity has been a growing concern and has taken grip over the young and adults alike. Sugar and processed sugar products have been often linked with incidences of obesity and subsequent diabetes. Moreover, as per CDC, around 40% of American adults aged over 20 have been termed as obese, and similar statistics follow the rest of the world. WHO and other allied health service authorities are now pushing forward to introduce a sugar tax on manufacturers-to reduce their heavy alliance over-processed sugar in any or every product. For example, as per the Australian Medical Association- a tax of 40 cents per 100 grams of sugar can help in reducing the consumption of non-nutritional sweetener drinks by up to 12-18%. The said move has taken immense traction since AMA announced that around 2.4 billion liters of sugary drinks are consumed each year in the said region. High sugar diets have led to diabetes around the world-thereby with the availability and use of natural sugar substitutes such as stevia with zero additional calories and no incidence of spiking blood glucose levels can successfully aid the growing concern amongst the world authorities.
A strong association of dairy products within developing regions owing to their medicinal properties along with health consciousness pertaining to obtaining less sugary or processed-sugar-free products has allowed the market to grow
Dairy drinks and beverages have held a close association in developing and developed regions and countries within. The association has been closely knitted owing to the various functional advantages of dairy when compared to any other form of food or drink. Further, dairy products are a powerhouse of nutrients which include calcium, potassium, phosphorus, protein, vitamin A, D, B12, riboflavin, and niacin. The listed ingredients have been hovered and connected with covering a unique health aspect. For example, osteoporosis, a common form of bone deformation condition affects around 12.6% of the U.S. population and is primarily caused by low calcium intake. Doctors across the world have often attributed those good amounts of dairy milk or other products to allow for stronger bones. The production capacity of dairy has been growing in the likes of countries like India which will allow an easy availability of raw materials to end product users. As per an economic survey, India’s milk production capabilities have grown by around 35.61% within the last six years, and further projection estimates that the growth is not going to slow down soon. International commitments and local demand would allow for better integration of stevia with milk products.
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Global Stevia Dairy Product Market Challenges
The growing prevalence of lactose intolerance supplemented by the higher interest of people towards cruelty-free products such as vegan sources of milk has impeded market growth
Lactose intolerance has gripped the market and has become a bottleneck for various product manufacturers. As per global estimates, around 68% of the world population suffers from lactose intolerance. Furthermore, plant-based dairy alternatives are growing more diverse, by offering competitive pricing and healthy label claims such as of that being cruelty-free, gluten-free, fortified by proteins and essential nutrients, and non-GMO induced products. As per the plant-based food association, plant-based milk grew at a robust pace of 20.4% from 2019. Additionally, International Dairy Food Association, export delays, and other supply chain challenges within the dairy segment cost $1.5 billion to the industry. Lastly, stevia has been used in modulation with sugar or other sweeteners which makes the pure benefits of it being sugar-free false, while if only stevia is used in dairy products, it leaves a bitter after taste which has been a key problem for manufacturers.
Global Stevia Dairy Product Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Stevia Dairy Product Market. The top 10- Global Stevia Dairy Product Market companies are:
Fonterra Co-Operative Group,
LACTALIS Ingredients,
Schrieber Foods Inc,
Danone Inc,
Saputo Inc.
Alpen Dairies
Lactoland
Miraka
Dairy America
Nestle S.A
Recent Developments
In January 2022, Codex Alimentarius- International Food Standard Safety Authority adopted the specification of four stevia technologies- which includes Sweegen’s Bioconversion. The significance of the adoption is that there is now a more streamlined approach to regional adoption of new production technologies. This will provide greater access to less common and better-tasting steviol glycosides at scale and a more sustainable supply of sugar-like tasting ingredients.
In September 2021, Nascent Health Sciences LLC received a “no-questions” letter from the U.S. FDA in response to its GRAS notice for the So-Pure Steviol Glucosides. The following nod would allow the company to expand its portfolio and would allow for better end-product integration. The nod provides the end-product industries to be assured that stevia supply is not only grown naturally and sourced sustainably but is also safe and backed by stringent regulatory approvals.
In April 2020, Ingredion Inc and Pure Circle Limited have announced that the former company would take up to 75% of the stake in the latter’s company. Pure Circle is a leading producer and innovator of stevia sweeteners for the global food and beverage industries. Ingredion is a leading global provider of plant-based ingredient solutions to diversified industries. Ingredion has further communicated that sugar reduction has been one of Ingredion’s five specialties and stevia would be a core product within their sugar reduction portfolio.
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#Stevia Dairy Product Market Share#Stevia Dairy Product Market Size#Stevia Dairy Product Market Price#Stevia Dairy Product Market Forecast
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Hemp
Hemp, (Cannabis sativa), also known as industrial hemp, vegetable of the household Cannabaceae grown for the fibre of its (bast fibre) or maybe its edible seeds. Hemp is often confused with the cannabis plant life that function as sources of the medication marijuana as well as the drug preparation hashish. Though all 3 items - hemp, marijuana, and also hashish - have tetrahydrocannabinol (THC), a combination which creates psychoactive consequences in humans, the assortment of cannabis grown for hemp has just small quantities of THC distant relative to that particular developed for the generation of hashish or marijuana.
Hemp originated in Central Asia. Hemp Cultivation for fiber was captured in China as first as 2800 BCE and was practiced in the Mediterranean places of Europe at the start of the Christian era, spreading throughout the majority of Europe during the Middle Ages. It was placed in Chile in the 1500s as well as a century later in North America.
Hemp is developed in temperate zones as an annual developed from seed and will achieve a level of up to five metres (sixteen feet). Crops develop perfect in sandy loam with great water drainage and require typical monthly rainfall of at least sixty five mm (2.5 inches) all over the growing season. Crops grown for fibre are densely sowed and create vegetation averaging 2 3 metres (6 10 feet) tall with almost no branching. Plants produced for oilseed are planted farther apart and therefore are many-branched and shorter. The slender stalks are hollow except at the point as well as base. The foliage are compound with palmate design, as well as the flowers are greenish and small yellow. Seed-producing blossoms form elongate, spikelike clusters developing on the pistillate, or perhaps female, plants. Pollen-producing flowers form many branched clusters on staminate, or perhaps male, plants. Maximum yield as well as quality are acquired by harvesting shortly after the plant life reach maturity, suggested by the complete blossoms and unhampered dropping pollen of the male vegetation. Though often pulled in place by hand, vegetation is much more often cut off aproximatelly 2.5 cm (one inch) above the ground
Fibres are acquired by exposing the stalks to many activities - such as retting, drying out, and smashing - along with a shaking process which completes separating from the woody part, releasing the very long, relatively straight fibre, and collection. The fibre locks, typically more than 1.8 metres (5.8 feet) in length, are produced of specific cylindrical cells with an abnormal surface. The fibre, longer and less flexible than flax, is usually yellowish, greenish, or a dark brown or gray and, because it is not easily bleached to sufficiently light shades, is rarely dyed. It's durable and strong and is employed for cordage - e.g., cable, rope, yarn, twine, then string - and also for synthetic sponges plus such rough clothing as sacking (burlap) & fabric. In Italy some hemp gets unique processing, producing attractive lustre and whitish colour, plus is utilized to create cloth much like linen.
The edible seeds have aproximatelly thirty % oil and are a protein source, fiber, and magnesium. Shelled hemp seeds, often called hemp hearts, are marketed as being a health food and could be consumed raw; they're ordinarily sprinkled on salads or perhaps combined with fresh fruit smoothies. Hemp seed dairy can be used as a substitute to dairy milk in dishes along with drinks. The engine oil from hemp seed could be utilized making paints, soaps, varnishes, and edible oil with a minimal smoke point. Historically, the seed's chief business use continues to be for caged bird feed.
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Saffron Market - Forecast (2022-2027)
The Saffron Market size is estimated to reach $682.3 million by 2027, growing at a CAGR of 8.1% during the forecast period 2022-2027. Saffron is an aromatic, bitter grassy spice fabricated from a flower named crocus sativus which belongs to the Iridaceae plant family used for food coloring. This spice has a hay-like aroma because of its phytochemicals presence and comes in a variety of colors which include red, yellow, orange, and others. Saffron is one of the costliest (by weight) and most commonly used seasoning and coloring agents that confer adequate color to foods. Safranal, crocin, crocetin, kaempferol, and monoterpene glycoside picrocrocin are examples of chemical compounds that are found in this medicinal spice and help in preventing certain brain complications. Moreover, they safeguard body cells from free radical attacks. Apart from antioxidants, saffron is home to vitamins such as riboflavin, vitamin A. Vitamin C, and niacin play a decisive role in ensuring the overall health of the body. The ascending awareness among people regarding health benefits and heightened demand for packaged food, natural coloring agents, and spices like chili powder are factors set to drive the growth of the Saffron Market for the period 2022-2027.
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Report Coverage
The report : “Saffron Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Saffron Market.
By Application : Personal Care Products, Food & Beverages, Nutraceuticals, and Others.
By Form : Strands and Powder.By Distribution Channel: Offline and Online.
By End User : Industry (Pharmaceutical, Foodservices, and others) and Households.
By Geography : North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
Key Takeaways
Geographically, Asia-Pacific Saffron Market accounted for the highest revenue share in 2021. Furthermore, Asia-Pacific is poised to dominate the market over the period 2022-2027.
Enlarging health conditions like asthma, Alzheimer's, and cancer, spiking threat of communicable viruses, and escalating usage in foods, pharmaceuticals, and personal care products are said to be preeminent drivers driving the growth of the Saffron Market. Exorbitant prices, negatively impacted processing activities because of the pandemic, and the growing threat of climatic abnormalities are said to reduce the market growth.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Saffron Market report.
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Saffron Market Segment Analysis-By Application
The Saffron Market based on the Extension of application type can be further segmented into personal care products, food & beverages, nutraceuticals, and others. The food & beverages segment held the largest share in 2021. The growth is owing to the high demand for the charismatic aroma and flavor of the saffron during the preparation of a persity of dishes. Saffron works as a featured spice in soups, seafood (paella, bouillabaisse), pasta, chicken, stews, and many others. Moreover, considering the health hitches associated with artificial food coloring products, the confectionery and bakery industry is slightly moving toward healthy options like saffron. Moreover, saffron is widely infused into milk as it helps in enhancing appetite, immunity, and maintaining skin health. Furthermore, the nutraceutical and personal care product segment is estimated to be the fastest-growing with a CAGR of 9.3% over the forecast period 2022-2027. This growth is owing to the rising demand for dietary supplements and cosmetics. Saffron-made lotions and creams protect skin from the harmful effect of UV rays, reduce hyperpigmentation, and support rapid healing of wounds. Rising possessiveness among youngsters regarding their outer appearance is providing fairgrounds for the growth of the saffron market. On another hand, dietary supplements are being used extensively to maintain the nutritional value of the diet.
Saffron Market Segment Analysis-By Forms
The Saffron Market based on the basis of forms can be further segmented into strands and powder. The strands segment held the largest share in 2021. Even though both the forms have no such difference in their nutritional value but there are a few factors that drive people toward thread form more than the powder. Threads have more appealing aesthetics compared to powder; as well as it is quite easy to practice adulteration in powder as compared to threads. In addition to that, strands hold a high shelf life of 2-3 years; whereas powder lasts only 3-6 months. Nevertheless, the powder segment is estimated to be the fastest-growing with a CAGR of 9.9% over the forecast period 2022-2027. This growth is owing to the eventful lifestyles of people. The problems with threads are that they need proper preparation before use; whereas, the powder can be used directly which saves time. Unlike threads, the powder gets dispersed on a dime and provides color are aroma within a fraction of seconds.
Saffron Market Segment Analysis-By Geography
The Saffron Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held the largest share with 41% of the overall market in 2021. The growth in this segment is owing to the factors such as the presence of the biggest saffron-producing countries like India and Iran. India, China, and Iran are amongst the top exporters of saffron to the world. Saffron produced in Iran and India is considered to be of top-notch quality; therefore, always remains in demand. The perse climate of Iran and favorable weather and altitude of Indian states especially Kashmir extend a conducive environment for saffron cultivation. Not to mention, India and Iran are recognized for their massive tea consumption; therefore, augmenting the trend of saffron tea is further stimulating the market demand. However, Asia-Pacific and the Middle East are expected to be the fastest-growing segments over the forecast period 2022-2027. This growth is owing to the growing living standards of people and rising awareness regarding health benefits linked with saffron consumption. On another hand, after the Taliban take over Afghanistan which is one of the biggest saffron-producing countries, the demand for Indian and Iranian saffron has heightened.
Saffron Market Drivers
Rising saffron production and demand are anticipated to boost market demand.
According to a report by Iran's national Saffron council, with a 30 percent hike, Iran’s saffron exports reached 325 tons in FY20-21. Similarly, it has exported nearly 206 tons of saffron within the first 9 months of the current fiscal year. There is no doubt about it that the pandemic has adversely impacted the production and export of countries but the situation is very likely to go normal as the pandemic is coming to an end. On another hand, the growing usage of saffron as a coloring and flavoring agent in the food and beverage industry is likely to support the growth of the saffron market.
Rising cosmetic demand and augmenting health complications are expected to boost the market growth.
Most people especially youngsters in today’s world are concerned with their looks. They want to do everything to feel accepted. In recent times, disliking one’s appearance is a pretty common phenomenon. According to a report, nearly 60-61 percent of teenagers worldwide have body dissatisfaction. Therefore, many people including teens and adults are tilting toward saffron owing to its wide-ranging applications in personal care. On another hand, being a powerful source of antioxidants and essential nutrition, saffron helps in reducing obesity and cancer threats. Obesity is a big issue in North America and the Southwestern Pacific Ocean. Obesity rates in nations like Nauru, Palau, and the Cook Islands are over 55 percent with a body mass index over 32. Also, growing mechanization is spiking the obesity figures around the globe.
Saffron Market Challenges
Exorbitant prices and environmental threats are Anticipated to hamper the market growth.
Saffron is the costliest spice in the world. Even buying 1 kg of it can up to INR 3.5 lakh. Therefore, the extortionate price of saffron can prove to be its biggest challenge in the steady growth of the aforementioned market. Even though the living standards and disposable incomes are rising in developing countries but still millions are in extreme poverty in countries like India and struggling to earn one-time food. In addition to that, altering the course and duration of seasons is anticipated to pose severe threats to saffron cultivation and its overall yield.
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Saffron Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Saffron market top 10 companies include-
Taj Agro International
Shahri Food Products
Esfedan Trading Company
Iran saffron Company
Flora saffron
Saffron Business Company
HEA & Company
Damon Enterprises
Great American Spice
Grandor
Recent Developments
On February 23, 2022, Mumbai, India-based pharmaceutical company “ENTOD Pharmaceutical” has launched a saffron-made eye care supplement named “Macusaff” in the Indian market. The company claimed the product is manufactured entirely from natural saffron and contains 5 percent crocin and is beneficial in treating retinitis pigmentosa and glaucoma-like conditions.
In June 2020, the Institute of Himalayan Bio-resource Technology (CSIR-IHBT) & The Department of Agriculture, the Government of Himachal Pradesh took the initiative to impart training to state agricultural department officers and farmers. IHBT developed a production technology for saffron as well as a tissue culture protocol for the production of disease-free corms of the saffron.
On May 11, 2020, Miami, United States-based newly registered company CASA KOKOBERNA launched its saffron-made body oil to ensure skin health. The company claimed that oil has several herbal properties that are said to increase the illuminance of the skin. Moreover, the product was made available to the public at a price of $450.
Relevant Links:
Spices Market – Forecast (2022 - 2027)
Report Code: FBR 0069
Organic Spices Market – Forecast (2022 - 2027)
Report Code: FBR 41148
Turmeric Market – Forecast (2022 - 2027)
Report Code: FBR 0516
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Mercado Latinoamericano de Comida Vegana(Vegan Food), Informe y Pronóstico 2022-2027
El nuevo estudio de Informes de Expertos titulado ‘Mercado Latinoamericano de Comida Vegana(Vegan Food), Informe y Pronóstico 2022-2027′, ofrece un análisis profundo del mercado, evaluándolo por tipo de producto, canal de distribución, y las regiones clave y analiza los factores clave de éxito y las limitaciones, también rastrea las últimas tendencias en la industria. El informe y estudia su impacto en el mercado en general. Además, examina la dinámica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el análisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.
The new Expert Reports study entitled ‘Latin American Market of Vegan Food, Report and Forecast 2022-2027‘, offers an in-depth analysis of the market, evaluating by product type, distribution channel, and the key regions and analyses the key factors of success and limitations, it also tracks the latest trends in the industry. The report and studies its impact on the market in general. Additionally, it examines market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
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Los aspectos más destacados del informe incluyen:
Descripción general del mercado (2017-2027)
• CAGR del periodo de pronóstico (2022-2027): X%
Se alienta a las personas a cambiar de productos alimenticios de origen animal a productos de origen vegetal a medida que crece la conciencia pública sobre la salud y el sufrimiento de los animales en el sector alimentario. Las tasas de obesidad en aumento a nivel mundial y la prevalencia de varios problemas de salud como diabetes, asma, presión arterial alta y enfermedades cardíacas han aumentado la conciencia de los consumidores sobre su salud. La demanda de todo tipo de productos alimenticios saludables, incluidos los productos alimenticios veganos, ha aumentado debido a este factor.
Además, los productores han lanzado una variedad de alimentos de alta calidad en una variedad de sabores con empaques llamativos. Esto probablemente ayudará en la expansión de la industria objetivo. El sustituto lácteo más frecuente entre estos productos es el queso de origen vegetal llamado tofu. Se anticipa que su demanda se verá impulsada por una creciente cartera de productos y un aumento en los casos de intolerancia a la lactosa.
Debido a los estilos de vida cambiantes, el aumento de los ingresos disponibles y la creciente popularidad de los alimentos de origen vegetal entre los clientes conscientes por la salud, se anticipa que la industria de alimentos veganos de América Latina se expanda significativamente. Uno de los principales impulsores de la creciente popularidad de los productos alimenticios veganos es el creciente deseo entre los consumidores de consumir una dieta saludable, sostenible y fácil.
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Industry Definition and Major Segments
Vegan food refers to food products which do not contain meat, dairy products or other animal products. It is a type of food which is termed as cruelty free and healthy as it is a plant-based food which is rich in nutrients and do not have excessive calories.
According to type of product, the market is segmented into:
Dairy Alternatives
Milk
Cheese
Yogurt
Dessert
Others
Meat Substitutes
Tofu
DVT
Seiten
Quorn
Others
Egg Alternative
Vegan Bakery
Confectionery
Plant-Based Snacks
Others
Based on distribution channel, the industry is divided into:
Supermarkets/Hypermarkets
Convenience stores
Specialized stores
Online
Others
Key regions covered include:
Brazil
Argentina
Mexico
Chile
Others
Market Trends
In 2020, the coronavirus epidemic brought about a previously unheard-of increase in popularity for sourdough, pancake cereal, and dalgona coffee. It was largely possible due to social media platforms and the growing popularity of flexitarian diets among consumers. More than ever, customers seek to minimise the environmental impact and adopt vegan diets, resulting in the proliferation of vegan industry, which is anticipated to expand during the forecasted period.
Options for meat and seafood made with plant-based products are constantly being introduced by different market competitors. Consequently, they are luring vegan customers by offering the replicas of different types of meat. Additionally, as it is anticipated to replace other meat-based items like meat patties on the market, thereby aiding the innovation in the the fast-food industry.
Key Market Players
The major players in the market are:
Amy’s Kitchen
Danone S.A
The Archer Daniels Midland Company
Daiya Foods Inc.,
Tofutti Brands Inc.
Ripple Foods Inc.
Earth’s Own Food Company Inc.
Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us:
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Informes De Expertos Contact Person: Irene Garcia, Corporate Sales Specialist – U.S.A. Email: [email protected] Toll Free Number: +1 (818) 319-4060 Address: 30 North Gould Street, Sheridan, WY 82801, USA City: Sheridan State: Wyoming Country: United States Website: https://www.informesdeexpertos.com/
*We at Informes de Expertos always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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Global Organic Acids Market Outlook: Ken Research
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Organic acids are organic compounds having weak acidic properties and do not dissolve completely in water. They essentially have carbon and hydrogen atoms in their structure. These acids are found naturally in plants and animals. For instance, Acetic acid (found originally in vinegar), citric acid (present in lemon), lactic acid (found in milk), and many more. Since these are naturally occurring acids, they can be consumed by humans in a raw state and are not required to go through any process in the laboratory.
According to the research report, ‘Global Organic Acids Market Report 2020 by key players, Types, Applications, Countries, Market Size, Forecast to 2026 (based on 2020 COVID-19 Worldwide Spread)’ states that Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Celanese Corporation, Eastman Chemical Company, Corbion N.V., Cargill, BASF SE, Henan Jindan Lactic Acid Technology Co. Ltd, BioAmber Inc., Koninklijke DSM N.V., The Dow Chemical Company, Polynt- Reichhold, Myriant Corporation, Tate & Lyle PLC., are some of the top leading players driving the industry. The report presents an inclusive study of important sections like corporation trends (under covid-19), industry news and policies, cost structure analysis, sales, and marketing model, and much more. The report further includes company profiling of each player based on parameters such as a company overview, Production Capacity, Revenue, Key business offerings, financial performance, Risk analysis, Recent developments, regional presence, and SWOT analysis. The report further tells how far along the player stands in the competition and the key strategies these companies make to stay in the competition.
Additionally, the report also has sections focusing primarily on the market as a whole before and after covid-19 such as market dynamics, market synopsis, and market trends (historic and current). Along with this, it also throws light on the consequences of covid 19 by discussing application details, forecast predictions, data on sales and demand, recent technologies, various features of the market, and investment opportunities that can be tapped. The report also mentions several growth driving incentives, challenges, and restraints of the market.
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The global market is further classified into various segments stated as: Based on type - Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Itaconic Acid, Succinic Acid, Gluconic Acid, Ascorbic Acid, Fumaric Acid, and Propionic Acid. Based on application - Food & Beverage, Animal Feed, Chemical & Industrial, Pharmaceuticals, Personal Care, Agriculture, and Others. Based on the geographical region - North America (the United States, Canada, and Mexico; Europe ( Germany, UK, France, Italy, Spain, Russia, and others; Asia Pacific region (China, Japan, South Korea, Australia, India); Southeast Asia; countries of the Middle East and Africa( Saudi Arabia, UAE, Egypt, Nigeria, South Africa, and others); South American region ( Brazil, Colombia, Chile, Argentina, and others).
In the forthcoming years, the global organic acid market will continue to rise and is expected to reach a value in terms of revenue of USD million by the end of 2026 at a double-digit CAGR during the evaluation period of 2020-2026. The increasing use of organic acids in the food and beverages industry will act as a catalyst in increasing the global demand for organic acids and thus leading the market to grow.
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Global Organic Acids Market Research Report
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Plant Milk: Recent Activities, Key Growth Opportunities, and Trends
According to this latest study, the growth in the Plant Milk market will change significantly from the previous year. Over the next six years, Plant Milk will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
The report titled Plant Milk Market which was recently added by introspective market research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2028. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
Global Plant Milk Market (2022-2028) report provides industry Share, Size, CAGR, Production, Consumption, Revenue, Gross Margin, Cost and Market Influencing factors of the industry in global regions. This report is comprehensive numerical analyses of business and provides data for making strategies to increase the market growth and success. The Report also estimates the market size, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate for decision making. The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
The major players in the market are
Pacific Foods and Oregon, SunOpta, Earths Danone, Hain Celestial, Vitasoy, Freedom Nutritional Products, McCormick and Company, Goya Foods, Blue Diamonds Growers, Chefs Choice Foods Co. Ltd., Oishi, Earth’s Own Food Company, Oatly AB, Califia Farms, Ripple Foods, Elmhurst Milked Direct LLC.
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Plant Milk Market Segmentation
Further, the report examines the current market status and the future trends in embedded operating systems worldwide. It also splits the Plant Milk market Segmentation by Type and by Application to thoroughly research and reveal market profile, prospects, and other information.
Plant Milk Market Segment by Types, Estimates, and Forecast by 2028
Coconut, Soy, Almond, Rice, Oats
Plant Milk Market Segment by Applications, Estimates, and Forecast by 2028
Food and Beverage Industry, Household, Hotels and Restaurants
Regional Analysis
The base on geography, the world market of Plant Milk has been segmented as follows:
North America includes the United States, Canada, and Mexico
Europe includes Germany, France, UK, Italy, Spain, Russia, and the Rest of Europe
South America includes Brazil, Argentina, Nigeria, Chile, and South America
The Asia Pacific includes Japan, China, South Korea, Australia, India, Rest of Europe
Customization of the Report
https://introspectivemarketresearch.com/custom-research/15770
This Plant Milk Market report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of the Plant Milk market, and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares split, and breakdowns have been determined using secondary sources and verified primary sources.
COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market breaks down due to COVID-19 is also affecting the growth of the Plant Milk market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
Global Plant Milk market: Report Scope
Market drivers are discussed in detailed therein to offer a complete understanding of factors that have a cause-effect' relationship on the market. Market trends are discussed wherein the segments are covered logically offering a full-fledged analysis including figures and numbers that satisfies the client's buying objectives.
The Plant Milk market report offers an extensive analysis for market performance throughout the forecast period and offers validation studies for every aspect conducted through primary interviews and research. Numerical facts and graphical analysis enabled the clients to have a detailed study for market events from past to present. The market drivers are elusively discussed to offer a thorough understanding of growth and restraints that demonstrate market performance and prediction analysis for futuristic events. Likewise, the drivers, restraints, opportunities discussed in the report offers a high understanding of growth and restraints with a high understanding of market performance.
Global Plant Milk market: Competitive Landscape
The comprehensive competitive landscape section for ""Plant Milk market report"" gives a detailed overview of the market conditions, driving and restraining factors, segments, trends and opportunities. The information provided under the competitive landscape is inclusive of company profiles, product benchmarking, SWOT analysis, import and export policies, figures, and growth strategies.
Global Plant Milk market: Geographical Analysis
Geographical analysis is covered in detail that exhibits promising areas for investing substantially. Facts and figures that support the analysis are covered within the regional scope of the report. Also, this section entails leading segment for major markets. Market analysis is covered in-depth within the regional scope of the report. This section also tells about the leading geographical segments. The profiles of major players have been included to ensure credibility and accuracy.
#Plant Milk market size#Plant Milk market share#Plant Milk market growth#Plant Milk market forecast#Plant Milk industry#Plant Milk industry size#Plant Milk
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Nestle is strengthening its plant based product offering to gain market share
Nestle, as a part of its plant based food and beverage strategy, is focusing on high-growth areas and expanding its business to cater to evolving market conditions while committing to healthy and nutritious foods. To this end, in February 2021, Nestle announced plans to launch vegan Kitkat, KitKat V, later this year. Also, Nestle Japan is introducing Nescafe lattes with plant-based ingredients, to satisfy the growing interest of customers in plant based beverages.
Nestle offers plant based food under Garden Gourmet brand in Europe and Sweet Earth brand in the US, and across its portfolio. The company has been innovating and expanding its portfolio to meet evolving consumer needs. In September 2020, Garden Gourmet launched a meatier and juicy version of its plant-based burger, which was previously launched in April 2019.Moreover, Garden Gourmet expanded it offering to include Sensational Burger and Sensational Vuna, a plant-based alternative to tuna. Also, its plant-based tuna alternative is currently offered at supermarkets in Switzerland. Consequently, Garden Gourmet offers 80% clean label products and plans to extend the label to its remaining product portfolio.
Also, since 2017, Nestle has been innovating Sweet Earth, its plant based food brand in the US. It launched innovative plant-based pizzas with extra vegetables and fiber. Also in July 2020, it unveiled Sweet Earth Sausages, the Green Chile Chedd'r and Chik'n Apple.
Moreover, Nescafe Gold offers non-dairy creamy lattes with oat, almond, or coconut, and blended with Arabica coffee beans. Also, in the US in February 2021, Coffee-Mate Natural Bliss brand introduced plant-based creamers with oat and almond milk, inulin, pea protein and MCT Oil. Owing to continuous innovation, portfolio and distribution expansion, vegetarian and plant-based food products recorded double-digit growth in the first nine months of 2020.
Further, Nestle Malaysia launched a plant based meal solutions manufacturing (PBMS) facility in Shah Alam plant, one of its first in South East Asia. The company has spent US$37 million (RM150 million) out the total US$69.1 million (RM 280 million) CAPEX planned for 2021.
The PBMS facility will manufacture products not just for Malaysians but also for exports to countries such as China. As per the company, the plant based market will become mainstream eventually in Asia and Nestle is well prepared to capture share in this growing market.
The company is running trials on products and plans to begin offering them in February 2021. To begin with the company intends to supply burgers to restaurants and then move into the retail market in April or May 2021. The products will be marketed under Harvest Gourmet brand which already has a presence in APAC especially in Australia.
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#Nestle plant based product#consumerintel360#health & fitness#veganism#news#food#plant based#market research#healthy snack#nutrition#vegan
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Food Processing Equipment Market Size, Share With Top Companies, Region Forecast 2021-2027
Food Processing Equipment Market 2020-2026
A New Market Study, Titled “Food Processing Equipment Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
Description
This global study of the Food Processing Equipment market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Food Processing Equipment industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
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Food processing equipment helps to transform the raw food ingredients in to food items through various physical and chemical means. Food processing equipment are available in various categories which includes dryers, chillers, fryers, feeders, mixers, grinders, roasters, homogenizers, separators, slicers and ovens. These foods processing equipment are used in various industries including dairy industry, industrial bakery, poultry farm, seafood industry, chocolate manufacturing unit, confectionery, beverage industry, milk, fruit, nut, and vegetable industry. Stainless steel is one of the main elements, which is widely used in the food processing equipment. 304SS and 316SS are two most common types of alloys of stainless steel, which are used in food processing equipment.
The report offers detailed coverage of Food Processing Equipment industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Food Processing Equipment by geography. The report splits the market size, by volume and value, on the basis of application type and geography. First, this report covers the present status and the future prospects of the global Food Processing Equipment market for 2015-2024.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru]. At the same time, we classify Food Processing Equipment according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Food Processing Equipment company.
Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru]
Key Companies GEA Group Buhler AG Marel Ali SpA JBT Meyer Industries Satake Corporation Haas Heat and Control Baader Group Bucher Industries Haarslev Industries Rheon Automatic Machinery BMA Sinmag Bakery Machine Mecatherm Nichimo Tomra Systems Risco SpA Key Technology Pavan Srl MIWE Baker Perkins Atlas Pacific Engineering Hosokawa Micron Mallet & Company Briggs Wenger
Market by Type Frozen Food Processing Machinery Bakery and pasta Processing Machinery Meat Processing Machinery Others
Market by Application Food processing plants Restaurants Others
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Table of Contents
Part 1 Market Overview 1.1 Market Definition 1.2 Market Development 1.2.1 Current Situation 1.2.2 Aspects of COVID-19 Impact 1.3 By Type Table Type of Food Processing Equipment Figure Global Food Processing Equipment Market Share by Type in 2019 1.4 By Application Table Application of Food Processing Equipment Figure Global Food Processing Equipment Market Share by Application in 2019 1.5 By Region Figure Global Food Processing Equipment Market Share by Region in 2019 Figure Asia Food Processing Equipment Market Share by Region in 2019
Part 2 Key Companies 2.1 GEA Group 2.1.1 Company Profile Table GEA Group Overview List 2.1.2 Products & Services Overview 2.1.3 Sales Data List Table Food Processing Equipment Business Operation of GEA Group (Sales Revenue, Sales Volume, Price, Cost, Gross Margin) 2.2 Buhler AG 2.3 Marel 2.4 Ali SpA 2.5 JBT 2.6 Meyer Industries 2.7 Satake Corporation 2.8 Haas 2.9 Heat and Control 2.10 Baader Group 2.11 Bucher Industries 2.12 Haarslev Industries 2.13 Rheon Automatic Machinery 2.14 BMA 2.15 Sinmag Bakery Machine 2.16 Mecatherm 2.17 Nichimo 2.18 Tomra Systems 2.19 Risco SpA 2.20 Key Technology 2.21 Pavan Srl 2.22 MIWE 2.23 Baker Perkins 2.24 Atlas Pacific Engineering 2.25 Hosokawa Micron 2.26 Mallet & Company 2.27 Briggs 2.28 Wenger
….
Part 9 Market Features 9.1 Product Features 9.2 Price Features 9.3 Channel Features 9.4 Purchasing Features Part 10 Investment Opportunity 10.1 Regional Investment Opportunity 10.2 Industry Investment Opportunity
PART 11 Coronavirus Impact 11.1 Impact on Industry Upstream 11.2 Impact on Industry Downstream 11.3 Impact on Industry Channels 11.4 Impact on Industry Competition 11.5 Impact on Industry Obtain Employment Part 12 Conclusion
Continue…
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Condensed Milk Market - Forecast 2022 - 2027
Condensed Milk Market Overview
The Global Condensed Milk Market size is estimated to reach $9.3 billion by 2027, growing at a CAGR of 3.7% during the forecast period 2022-2027. Condensed milk is a thick, creamy viscous liquid prepared by eliminating nearly all of the water content from milk. Caramel Pudding can be prepared using condensed milk. One can also prepare flan cake with condensed milk, whole milk, eggs and sugar. Condensed milk is basically the processed version of milk jam. Gypsy tart can also be prepared with condensed milk instead of evaporated milk. Tres leches cake is a cake with a thick layer of vanilla sponge and condensed milk filling, covered with white icing. The surging demand for processed dairy products is set to drive the Global Condensed Milk Market. The burgeoning demand for tea, coffee and caramel pudding is set to propel the growth of the Global Condensed Milk Industry during the forecast period 2022-2027. This represents the Global Condensed Milk Industry Outlook.
Condensed Milk Market Report Coverage
The “Condensed Milk Market Report - Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Global Condensed Milk Market.
by Product Type: Dairy and Non-dairy.
by Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Retail and Others.
by Geography: North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa).
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Key Takeaways
Geographically, North America (Global Condensed Milk market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the surging demand for concentrated milk products in desserts like caramel pudding in the North American region.
Global Condensed Milk Market growth is being driven by the extensive demand of consumers for condensed milk products with quality like caramel pudding. However, the soaring demand for reduced sugar foods is one of the major factors hampering the growth of the Global Condensed Milk Market.
Global Condensed Milk Market Detailed Analysis on the Strength, Weaknesses and Opportunities of the prominent players operating in the market would be provided in the Global Condensed Milk Market report.
Condensed Milk Market Segment Analysis - by Product Type
The Global Condensed Milk Market based on product type can be further segmented into Dairy and Non-dairy. The Non-dairy Segment held the largest Global Condensed Milk market share in 2021. This growth is fuelled by the surging demand for dairy-free options for all feasible food products attributed to the continuous awareness advanced by way of campaigns and social media. Non-dairy caramel pudding and dairy-free flan cake may be prepared. The emerging lactose-intolerant population purchasing non-dairy products at high-priced rates is further propelling the growth of the Non-dairy segment. Furthermore, the Non-dairy segment is estimated to grow with the fastest CAGR of 4.3% during the forecast period 2022-2027 owing to the soaring demand for non-dairy products by “people of a sustainable mindset” together with the expanding import-export of plant-based dairy products.
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Condensed Milk Market Segment Analysis - by Distribution Channel
The Global Condensed Milk Market based on distribution channels can be further segmented into Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Retail and others. The Online Retail Segment held the largest Global Condensed Milk market share in 2021. This growth is owing to the effortless accessibility of condensed milk, milk jam and gypsy tart of different brands on different online websites. The numerous benefits of online shopping like home delivery and discounted rates are further propelling the growth of this segment. Furthermore, the Supermarkets and Hypermarkets segment is estimated to grow with the fastest CAGR of 4.5% during the forecast period 2022-2027. This is due to the surging availability of condensed milk, milk jam and gypsy tart of different brands under one roof where customers can readily view them and purchase them.
Condensed Milk Market Segment Analysis - by Geography
North America (Global Condensed Milk Market) held the largest Global Condensed Milk market share with 39% of the overall market in 2021. The growth of this region is owing to the surging application of condensed milk in confectioneries in the North American region. The soaring intake of milk jam and gypsy tart is further propelling the growth of the Global Condensed Milk Industry, thereby contributing to the cation of the Global Condensed Milk Industry Outlook, in the North American region. Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR over the forecast period 2022-2027. This growth is owing to factors like the surging intake of sweetened condensed milk products in the Asia-Pacific region. The soaring application of condensed milk in bakery and confectionery is further fuelling the progress of the Global Condensed Milk Market in the Asia-Pacific region.
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Condensed Milk Market Drivers
Nutritional Advantages of Condensed Milk:
Apart from preparing delectable desserts like caramel pudding and flan cake, Condensed Milk has some health advantages. Condensed milk nutrition per 100g includes 284mg of calcium, 253mg of Phosphorus and 371mg of potassium. Condensed milk is therefore rich in calcium, phosphorus and potassium. Calcium is necessary for keeping up and enhancing the health of muscles, bones and teeth. As per the National Institutes of Health (NIH), the suggested daily average (RDA) intake of calcium for adults is 1300mg. A serving of 100g of condensed milk products offers almost 20% of the recommended daily average. The nutritional advantages of condensed milk are therefore fuelling the growth of the Global Condensed Milk Market during the forecast period 2022-2027.
Soaring Innovations in Condensed Milk:
Flan cake can be prepared with Condensed Milk. To generate sweetened condensed milk, up to 45% sugar is included in the milk and dissolved. In February 2020, Indomilk introduced the novel condensed milk in milk carton packaging. The firm claimed that the novel innovation is the “first of its kind” across the globe. Indomilk has been discovering novel ways to make its condensed milk more convenient to splash. The novel innovation also makes it effortless for children to utilize condensed milk. These soaring innovations in condensed milk are therefore driving the growth of the Global Condensed Milk Industry, thereby contributing to the Global Condensed Milk Industry Outlook during the forecast period 2022-2027.
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Condensed Milk Market Challenges
High-Calorie Content of Condensed Milk:
Condensed Milk has 321 calories per 100g. It is therefore not the perfect diet alternative for weight loss. Sweetened condensed milk is also abundant in saturated fat which is not good for people with diabetes and cardiac patients. Investigations recommend that a diet that is abundant in saturated fats can result in a boost in LDL cholesterol and insulin levels. A high level of LDL cholesterol raises the probability of cardiovascular issues. It can also raise insulin resistance thereby averting the body from breaking down sugar that results in type 2 diabetes. These issues are thus hampering the growth of the Global Condensed Milk Market.
Condensed Milk Industry Outlook
Product innovation, acquiring regional firms, developing flavored alternatives and surging spending on R&D are key strategies adopted by players in the Global Condensed Milk Market. The top 10 companies in the Global Condensed Milk market are:
Nestle SA
Santini Foods, Inc.
Eagle Family Foods Group LLC
Millac Foods
Hendrix UTD GmbH
LA Omega Foods
KRECHE FOODS
Pacific Gold
Danone S.A.
Hochwald Foods GmbH
Recent Developments
In May 2021, Nestlé introduced Wunda. It is a novel pea-based beverage that is 'epic in everything'. It can be drunk directly, splashed over cereal, applied to hot beverages and much more.
In July 2020, Nestle planned to introduce the world’s earliest vegan condensed oat milk in the U.K. Nestlé is set to discharge a vegan version of its iconic Carnation condensed milk in the U.K. this September. The novel product is prepared with a mix of oat and rice flour.
In June 2020, Lactalis planned to introduce a novel skimmed milk powder (SMP). It has a high heat, heat-stable (HHHS) quality. The novel product is generated at the Lactalis Ingredients plant in Ravensburg, Germany.
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#Condensed Milk Market share#Condensed Milk Market size#Condensed Milk Market price#Condensed Milk Market forecast
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Almond Protein Market Set for Rapid Growth and Trend by 2021-2028 Covid-19 Analysis |
Global Almond Protein Market research report is formulated with the exact understanding of customer requirements. Market status at the global and regional level about industry is offered through this report which helps to gain business insights at the extensive marketplace. Details about the market drivers and market restraints included in this business report helps understand whether the demand of the products in industry will rise or get lower.
The almond protein market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 0.47 billion and grow at a CAGR of 5.80% in the above-mentioned forecast period. Increase in the research and development activities acts as an essential factor driving the almond protein market.
Some of the Top companies influencing this market include: Celtic Sea Minerals, Noosh, Inc, BASF SE, BioFlora, HM Health Solutions Inc, BLUE DIAMOND GLOBAL INGREDIENTS DIVISION, Inovobiologic and Sar Agrochemicals & Fertilizers Pvt. Ltd, among other domestic and global players.
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Almond protein is defined as a concentrated, plant based protein source which is extracted from raw almonds. It is an alternative for soy protein and animal based milk products owing to its high mineral and vitamin contents. It generally contains high performance antioxidants which defend the cells against damage and significantly reduce the risk of numerous health diseases such as diabetes and cancer.
Increase in demand for vegan and gluten-free products is a vital factor escalating the market growth, also increase in the change in consumption of consumers from animal-based protein to plant-based protein, rise in demand for organic and natural skincare products and increase in the consumer inclination towards personal grooming along with growing awareness towards the chemicals usage in skincare products are the major factors among others driving the almond protein market. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the almond protein market in the forecast period of 2021- 2028.
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Our research and insights help our clients in identifying compatible business partners.
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Conducts Overall ALMOND PROTEIN Market Segmentation:
Market Segmentation: By Distributed Channel
Online, Supermarkets, Convenience Stores
Market Segmentation: By Application
Bakery & Confectionary, Beverages, Personal Care
Regions covered in the Almond Protein market report 2021:
North America: United States, Canada, and Mexico.
South & Central America: Argentina, Chile, and Brazil.
Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
Europe: UK, France, Italy, Germany, Spain, and Russia.
Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵:-
The outbreak of the COVID-19 pandemic since December 2019, had a major effect on the growth of the global Smart Mirror Market market, owing to the unavailability of required manual labor and strict travel rules worldwide, which restricted the movement of raw materials and finished products. Moreover, the sudden closing down of businesses and social distancing laws also affected the work in the manufacturing sector, which in turn affected the global Smart Mirror Market market.
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Table of Contents Covered In This Almond Protein Market Report:
1 List of Tables and Figures
2 Introductions
3 Key Takeaways
4 Market Landscape
5 Global Almond Protein Market and Key Industry Dynamics
6 Almond Protein Market Overview, Forecast and Analysis
7 Global Almond Protein Market Analysis By Solutions
8 Global Almond Protein Market Analysis By Services
9 Global Almond Protein Market Analysis By Industry Vertical
10 Global Almond Protein Market Geographical Analysis
11 Industry Landscape
12 Competitive Landscape
13 Almond Protein Market, Key Company Profiles
14 Appendix
Browse TOC with Facts and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-almond-protein-market
About Data Bridge Market Research:
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
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The Not Company is looking to start a food revolution from Chile
Technology investors, tasting an opportunity to capitalize on the triple threat of malnutrition, resource scarcity and pollution brought on by the increasing globalization and industrialization of food, are investing billions into startup companies pitching alternative sources of sustenance.
In the past five years, venture capitalists and corporations have invested over $9.5 billion into 2,100 deals around the world — all with the aim of replacing or supplementing traditional methods of growing, manufacturing, processing and distributing the world’s food, according to data from CB Insights.
The Not Company, with its headquarters twenty-two minutes from downtown Santiago in the southeastern corner of the city, may seem like an unlikely rising contender in this multi-billion dollar business of food replacement; but it’s from there that chief executive Matias Muchnick and his two co-founders are plotting to bring the potential benefits of this food revolution to Latin America — and eventually the world.
For Muchnick, a serial entrepreneur, The Not Company represents his second foray into food. The chief executive previously launched Eggless, a company selling plant-based dressings and a plant-based mayonnaise.
That first taste of the food business revealed to Muchnick a few things… including how basic and inefficient the research and development process was in the food industry.
Initially, that was the problem that Muchnick was hoping to tackle when he set out to the University of California, Berkeley to research the industry.
“I went to Berkeley and decided to go to the biochemistry department and really try to understand the data and the science,” Muchnick says. “Pharma is doing things way better than we are. So I decided to grab a lot of knowledge and things that were being done right in the pharma industry and explore this in the food industry.”
From Berkeley, Muchnick went to Harvard where he recruited Karim Pichara, an astrophysicist who was using data science and machine learning to explore the inner workings of stars. With the data scientist in tow, Muchnick added a third co-founder, Pablo Zamora, who had been doing research at the University of California, Davis on plant genomics.
So the dream team of The Not Company was formed.
The Not Company co-founders Karim Pichara, Matias Muchnick and Pablo Zamora
At the heart of The Not Company’s work, like its incredibly well-funded, once-troubled US-based competitor Just (which was formerly known as Hampton Creek) is a machine learning technology that maps the similarities between the genetic properties of plants and their corollaries in animals.
“If we can map the genome of a lentil or whatever bean there is,” says Muchnick, “you could easily understand and predict whether that bean could emulate an animal-based protein.”
Although the three founders all came together in the US, they decided to return to their home country of Chile to start the business. For Muchnick, being based in Santiago was cheaper and the talent pool for researchers was just as strong. And the distance from Silicon Valley became a draw for some recruits.
“We became these exotic guys,” he said.
But the base in Santiago also plays into The Not Company’s first strategic objective, which is to dominate the Latin American market and bring healthier foods to consumers who desperately need them.
The changing shape of malnutrition
Part of Muchnick’s drive to stay close to home is to fight the spread of the high calorie, low cost foods that are flooding Latin America — and transforming what it means to be undernourished in countries around the world.
To understand how problems of malnutrition play out in emerging markets, it helps to look at the changing fortunes of companies like Nestle, General Mills, Pepsico and fast food purveyors like McDonalds and Yum Brands (the owners of KFC).
Already nearly ubiquitous in the US and Europe, large multinational food companies are turning to emerging markets for growth, and pitching products and business models designed to appeal to low income consumers.
These products are cheap, but they’re also mostly emptied of their nutritional value, so while people won’t starve, they’ll develop other health problems.
“The prevailing story is that this is the best of all possible worlds — cheap food, widely available. If you don’t think about it too hard, it makes sense,” Anthony Winson, a professor of food economics at the University of Guelph in Ontario told The New York Times. The reality of the situation is much different, said Winson. “To put it in stark terms: The diet is killing us.”
Research data bears that out. According to a 2017 study from The New England Journal of Medicine, roughly 10% of the world’s population is now obese. That’s around 604 million adults and 108 million children, and these obesity rates are rising most quickly in emerging markets.
Malnutrition is only one side-effect of the penetration of industrial food businesses into different geographies. As the Times notes, these companies also encourage the industrialization of their suppliers — creating incentives for large scale farming which destroys forest land.
These problems aren’t confined to snack makers like Nestle or General Mills. Demand for meat for the fast food industry in these countries is leading to factory farming, which is a huge contributor to global warming.
It’s these problems that companies like Muchnick’s are trying to solve — with a low cost alternative that purports to have a much lower environmental impact as well.
The Not products
Muchnick and his team have been developing an array of products ever since their launch in 2015. Initially, the company set out to be a research and development and licensing arm for food companies, offering them healthy alternatives to existing products.
“We are a tech company, not a food company. We want to capitalize ourselves by developing products for other companies,” Muchnick told Reuters in 2016.
That was when the company began feverishly experimenting with all sorts of different food products, Muchnick said.
“We made mayonnaise, we made chocolate, we made milks, and meat replacements as well… Sausages and burgers, and churrasco (which is a kind of a roast beef, but worse),” says Muchnick of the early years of the company’s feverish experimentation. Finally, following in the footsteps of Hampton Creek, The Not Company decided to start with mayonnaise.
Chile actually represents the third largest market for mayonnaise in the world, Muchnick said, so it made sense for the company to start there. It’s also easier to manufacture than some of the more ambitious products that the company has on its road map.
Already, Muchnick says that he’s managed to capture 10% of the (admittedly small) Chilean market for mayonnaise in just 8 months in stores. The next product on the roadmap is a milk replacement that should launch in September, with NotYogurt and Not Ice Cream coming in 2019.
By 2020, The Not Company will be introducing sausages and ground meat replacements, he said.
Behind all of those products is “Giuseppe”, the machine learning software that Pichara and Zamora developed to find the links between different animal and plant proteins.
“We have mapped 7000 plants and we don’t think we need more than that,” says Muchnick. “We mapped them for their amino acetic structures… that looked like animal-based proteins.”
Giuseppe actually works across seven different databases with seven different approaches, Muchnick explained. There’s molecular data that describes the food and ingredients, spectral imaging for the food and ingredients, and then an array of data collected by the company’s in-house taste testers for things like palate, texture, aftertaste, tanginess, and acidity. “We have a lot of parameters,” says Muchnick.
Now, with a product roadmap established, the company has also raised additional capital to roll out across the market — not just in Chile, but across Latin America.
The Not Company recently raised $3 million from Kaszek Ventures and SOS Ventures to build out its manufacturing capacity.
It’s a pivot to go directly to the market that the company explicitly rejected only two years ago. “We want to become a brand company,” says Muchnick now. “NotCo today has a social currency.”
To do that, it needs to develop its supply chain. Already the company can produce 64 tons per month of mayonnaise, but it needs to continue to expand its production facilities as it looks to get into milk, yogurt, ice cream, and eventually meat.
“We’re deciding to build local processing plants,” says Muchnick. “We will begin distributing our product in Brazil and Argentina through exports. Once we have 5% or 8% of the marketshare… Then we will expand with a processing plant locally.”
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Current Scenario of Protein Hydrolysate Business: Market Report 2020-2026 by Opportunities, Drivers and Trends
The “Protein Hydrolysate Market Report 2020-2026” added by AllTheResearch is a combination of qualitative and quantitative analysis which contains current industry trends, revenue forecasts, statistics, market valuations which highlights the growth trends and competitive landscape as well as the key players in the Protein Hydrolysate business. The market segmentation mentioned in this report mainly covers types, applications, & regions. Based on the extensive historical data a well thought out study on the estimated period for the good expansion of the Protein Hydrolysate market globally is produced. The Protein Hydrolysate Market size was valued at US$ 2.7 Bn in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% for the forecast period ending 2026 reaching a Market value of US$ 4.9 Bn.
The Protein Hydrolysate Market Report includes:
Market outlook: situation and dynamics.
Competitive environment: Depends on manufacturers, suppliers, and development trends.
Product revenues of top players: market share, size, CAGR, analysis of the current market situation, the future market forecast for the next 5 years.
Market segmentation: By Type, By Application, by end-user, by region.
Turnover: market share, price and cost analysis, growth rate, current market analysis.
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Competitive Landscape:
The Protein Hydrolysate Market is fairly fragmented. While the key companies continue to drive innovation and, in most cases, adopt digital transformations, the overall competitive ecosystem is dominated by Market leaders as well as emerging players with niche offerings
The Protein Hydrolysate Market report profiles some of the key market players while reviewing significant market developments and strategies adopted by them.
Major Key Players Covered in The Protein Hydrolysate Market Report include
Abbott Nutrition (US)
Koninklijke DSM N.V. (Netherlands)
Kerry Group (Ireland)
FrieslandCampina (Netherlands)
and Arla Foods (Denmark). Other players include Tate & Lyle PLC (UK)
Archer Daniels Midland Company (US)
Glanbia PLC (Ireland)
and Danone Nutricia (Netherlands)
Protein Hydrolysate Market Segments and Sub-segments Covered in the Report are as per below:
By Type:
Milk Protein Hydrolysate
Animal Protein Hydrolysate
Plant Protein Hydrolysate
By Application:
Dietary Supplements
Infant Nutrition
Nutraceutical
Sports Nutrition
For more Customization, Connect with us at https://www.alltheresearch.com/customization/181
Report Customization:
Our dynamic and proprietary data-mining technology has given us the flexibility to maintain both precision and speed while delivering exclusive and custom insights to our clients.
We conduct customization of the Research data on all key fronts – Regional, Segment, Competitive landscape level. For every report-purchase, we offer 50 analyst-hours of free customization.
Regional Analysis:
From a geographic segmentation perspective, the report focuses on the regions that have a material and significant effect on the overall market value. The broad level coverage of the report includes the regions and key countries within the regions as follows
North America [United States, Canada, Mexico]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
Middle East & Africa [GCC, North Africa, South Africa]
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
The Covid19 pandemic has transformed the market landscape. The market ecosystem has taken a directional shift in the way supply-side of the market is accessed. The report covers the aftermath of the Covid19 catastrophe.
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The Protein Hydrolysate Market Report Scope:
A study is an effective tool for addressing Research insights relevant for business strategies like:
New product launch
New client acquisition
New opportunity mapping (market level and geography level)
Competitive benchmarking
Cost optimization strategies
Inorganic expansion plans
Major Points in Table of Content of Protein Hydrolysate Market
Chapter 1. Research Objective
1.1 Objective, Definition & Scope
1.2 Methodology
1.2.1 Primary Research
1.2.2 Secondary Research
1.2.3 Market Forecast - Estimation & Approach
1.2.4 Assumptions & Assessments
1.3 Insights and Growth - Relevancy Mapping
1.3.1 FABRIC Platform
1.4 Data mining & efficiency
Chapter 2. Executive Summary
2.1 Protein Hydrolysate Market Overview
2.2 Interconnectivity & Related markets
2.3 Ecosystem Map
2.4 Protein Hydrolysate Market Business Segmentation
2.5 Protein Hydrolysate Market Geographic Segmentation
2.6 Competition Outlook
2.7 Key Statistics
Chapter 3. Strategic Analysis
3.1 Protein Hydrolysate Market Revenue Opportunities
3.2 Cost Optimization
3.3 Covid19 aftermath - Analyst view
3.4 Protein Hydrolysate Market Digital Transformation
Chapter 4. Market Dynamics
4.1 DROC
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
And more
Chapter 5. Segmentation & Statistics
5.1 Segmentation Overview
5.2 Demand Forecast & Market Sizing
Global Protein Hydrolysate Market by Product Type 2019 - 2026
Global Protein Hydrolysate Market by Application 2019 - 2026
Chapter 6. Market Use case studies
Chapter 7. KOL Recommendations
Chapter 8. Investment Landscape
8.1 Protein Hydrolysate Market Investment Analysis
8.2 Market M&A
8.3 Market Fund Raise & Other activity
Chapter 9. Protein Hydrolysate Market - Competitive Intelligence
9.1 Company Positioning Analysis
9.1.1 Positioning - By Revenue
9.1.2 Positioning - By Business Score
9.1.3 Legacy Positioning
9.2 Competitive Strategy Analysis
9.2.1 Organic Strategies
9.2.2 Inorganic Strategies
Chapter 10. Company Profiles
Chapter 11. Appendix
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Plant-Based Beverage Market Revenue Share Analysis, Market Growth Forecast, 2020–2027
The Global Plant-Based Beverage Market report gives a comprehensive overview of the Plant-Based Beverage market scenario to present accurate forecasts of the upcoming years with special focus on the competitive landscape, market segmentation, current and emerging trends, and strategic recommendations to help readers gain a robust footing in the market 2027. The report also focuses on the comprehensive analysis of the competitive landscape along with descriptive company profiles, market share, product portfolio, financial standings, market reach, global position, and strategic business expansion plans.
The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Plant-Based Beverage industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.
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Some of the players profiled in the report are The WhiteWave Foods Company (US), Blue Diamond Growers (US), Pacific Foods (US), Hain Celestial (US), SunOpta (Canada), Want Want China Holdings Limited (China), Kikkoman (Japan), Califia Farms (US), The Coca-Cola Company (US), Ripple Foods (US), In 2018, Coco-Cola introduced its first plant-based beverage, ADEZ, to match up to the healthy and vegan trend of the market in the UK market.
The Global Plant-Based Beverage Market is segmented as follows:
On the basis of source, (Volume Metric Tons, Revenue, USD Million; 2019-2026)
Almond
Soy
Coconut
Rice
Others (cashew, oats, pea, and hemp)
On the basis of mode of type, (Volume Metric Tons, Revenue, USD Million; 2019-2026)
Milk
Other drinks (smoothies, shakes, and nogs)
On the basis of function, (Volume Metric Tons, Revenue, USD Million; 2019-2026)
Cardiovascular health
Cancer prevention
Bone health
Lactose-free alternative
Others
Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Point Summary of the Report: The global Plant-Based Beverage market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.
The study also analyses the crucial market aspects, including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.
The Global Plant-Based Beverage Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing. The report utilizes advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.
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To summarize everything stated above, the report offers key insights into the Plant-Based Beverage market to allow the reader to gain a complete understanding of the Global Plant-Based Beverage Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Plant-Based Beverage Market.
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or queries about customization options, please reach out to us, and we will offer you the report best suited for your needs.
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Almond Drinks Market, Moved One Step Closer to Beat Analyst Estimates Manufactures| Califia Farms
Latest released the research study on Global Almond Drinks Market, offers a detailed overview of the factors influencing the global business scope. Almond Drinks Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Almond Drinks. The study covers emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Pacific Foods of Oregon, Llc. (United States),Blue Diamond Growers (United States),Califia Farms (United States),Earth's Own Food Company (Canada),WhiteWave Foods (United States),Freedom Foods Group (Australia),Hain Celestial Group (United States),Hiland Dairy Foods (United States),Nutriops (Spain),Sanitarium Health and Wellbeing (Australia),SunOpta (Canada).
Free Sample Report + All Related Graphs & Charts @ : https://www.advancemarketanalytics.com/sample-report/6517-global-almond-drinks-market-1 Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Global Almond Drinks Market various segments and emerging territory.
Almond Drinks Market Overview The use of different sorts of almonds creates its unique taste. Moreover, this drink is gluten and lactose-free the plant-based milks can be found in both unsweetened and sweetened versions. Sweetened milks contain ingredients such as cane sugar, brown rice syrup, or evaporated cane juice and added flavorings like vanilla, honey and chocolate. These added sugars add a pleasant taste, but keep an eye out for added calories. Almond milk dominates dairy alternative beverage followed by soymilk. Market Drivers Increasing Demand due to Increasing Awareness about the Health Benefits
Dietary Benefits Offered By Plant-Based Dairy Alternatives Market Trend Growing Awareness about Lactose-Free Food Products Restraints Volatile Prices of Raw Materials Challenges Affects Thyroid Hormone Levels The Global Almond Drinks Market segments and Market Data Break Down are illuminated below: by Type (Sweetened, Unsweetened), Distribution Channel (Online, Offline (Hypermarket/Supermarket, Retail Store, Convenient Store)), Packaging Type (Carton, Glass, Others), Flavor Type (Plain, Chocolate, Vanilla, Honey) Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. Enquire for customization in Report @: https://www.advancemarketanalytics.com/enquiry-before-buy/6517-global-almond-drinks-market-1 Strategic Points Covered in Table of Content of Global Almond Drinks Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Almond Drinks market
Chapter 2: Exclusive Summary – the basic information of the Almond Drinks Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Almond Drinks
Chapter 4: Presenting the Almond Drinks Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Almond Drinks market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, Almond Drinks Market is a valuable source of guidance for individuals and companies in their decision framework. Data Sources & Methodology The primary sources involves the industry experts from the Global Almond Drinks Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects. In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age. For Early Buyers | Get Up to 20% Discount on This Premium Report: https://www.advancemarketanalytics.com/request-discount/6517-global-almond-drinks-market-1 What benefits does AMA research studies provides?
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