#Global Plant-Based Milk Market Analysis

[joeypetter]

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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Lactose Intolerance Market Growth, Opportunities and Industry Forecast Report 2034

Lactose intolerance is a digestive disorder where individuals cannot digest lactose, a sugar found in milk and dairy products. This has led to a significant demand for lactose-free products, including dairy alternatives and enzyme supplements, creating a thriving market. The lactose intolerance market is expected to see strong growth in the coming years, driven by rising lactose intolerance cases, particularly in Asia-Pacific, where a large percentage of the population is affected.

The  lactose intolerance Market related products, including lactose-free foods, beverages, and lactase supplements, has witnessed strong growth. The global lactose-free market was valued at around USD 12 billion in 2022 and is projected to reach USD 18-20 billion by 2030, growing at a compound annual growth rate (CAGR) of approximately 6-7%. The rising consumer awareness about the digestive issues associated with lactose intolerance is a key factor driving this growth.

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Lactose Intolerance Market Drivers

Several factors are driving the growth of the lactose intolerance market:

Increasing Prevalence: Studies indicate that over 65% of the global population has some degree of lactose intolerance, leading to higher demand for solutions.

Rising Health Awareness: As more consumers seek to avoid gastrointestinal discomfort associated with lactose consumption, awareness campaigns and medical advice have led to a surge in demand for lactose-free products.

Dairy Alternatives: Growing interest in plant-based diets is pushing demand for lactose-free dairy alternatives like almond, soy, oat, and coconut milk. Veganism is another contributing factor here.

Product Innovations: Manufacturers are developing lactose-free dairy products, including milk, cheese, and yogurt, as well as supplements like lactase enzymes.

Lactose Intolerance Market Trends

Consumer Preference Shift: There has been a notable shift toward plant-based alternatives and lactose-free products as consumers seek more sustainable and healthy choices.

Fortification of Dairy Alternatives: Companies are fortifying plant-based products with nutrients like calcium, vitamin D, and protein to match the nutritional profile of traditional dairy.

Online Retail Growth: The rise of e-commerce platforms has made lactose-free products more accessible, increasing consumer convenience and fueling market growth.

Lactose Intolerance Market Challenges

Product Cost: Lactose-free products are often more expensive than their traditional counterparts, which can limit their appeal to cost-sensitive consumers.

Taste and Texture: Some consumers may still prefer the taste and texture of regular dairy products, which can make transitioning to lactose-free or plant-based alternatives challenging.

Lactose Intolerance Market Regional Analysis

North America and Europe are leading markets for lactose-free products, driven by well-established dairy industries and rising lactose intolerance awareness. The U.S. and Germany are key markets in these regions.

The Asia-Pacific region is expected to witness the highest growth, fueled by the high prevalence of lactose intolerance, particularly in countries like China, India, and Japan. The region’s large population, combined with increased disposable income and growing awareness of lactose intolerance, is propelling the market forward.

Lactose Intolerance Market Segmentation,

Product Type:

Lactose-Free Dairy Products: Milk, cheese, yogurt, ice cream.

Dairy Alternatives: Soy milk, almond milk, rice milk, oat milk.

Distribution Channel:

Supermarkets and Hypermarkets

Online Stores

Specialty Stores

Convenience Stores

Key companies profiled in this research study are,

Nestlé S.A.

Danone S.A.

The Coca-Cola Company (Fairlife)

Johnson & Johnson (Lactaid)

General Mills, Inc.

Valio Ltd.

Arla Foods amba

Dean Foods Company

Parmalat S.p.A.

Saputo Inc.

Conclusion

The Lactose Intolerance Market is poised for sustained growth, driven by increasing global awareness of lactose intolerance and the rising demand for lactose-free and dairy alternative products. As more individuals seek health-conscious, digestive-friendly, and sustainable options, the market for lactose-free dairy, plant-based alternatives, and lactase supplements will continue to expand. However, challenges such as product cost and taste preferences need to be addressed through innovation. With major industry players focusing on product development and fortification, the future of the lactose intolerance market appears promising, offering both consumers and businesses a wide range of opportunities.

[jayanthitbrc]

Global Alternative Protein Market Analysis 2024: Size Forecast and Growth Prospects

The alternative protein global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Alternative Protein Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The alternative protein market size has grown rapidly in recent years. It will grow from $71.73 billion in 2023 to $85.65 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to health and wellness trends, environmental concerns, ethical and animal welfare concerns, cultural and religious preferences, innovation and product development.

The alternative protein market size is expected to see rapid growth in the next few years. It will grow to $162.13 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to policy and regulatory support, global population growth, investment and funding inflows, changing consumer preferences, climate change mitigation. Major trends in the forecast period include diversification of protein sources, mainstream adoption in foodservice, premiumization and innovation, global expansion and market accessibility, nutritional enhancement and fortification.

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Scope Of Alternative Protein Market The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Alternative Protein Market Overview

Market Drivers - The increasing demand for plant-based proteins is expected to propel the growth of the alternative protein market going forward. Plant-based protein refers to proteins derived from plants rather than animal sources. These proteins are present in several plant-based foods and are frequently consumed by people who follow vegetarian, vegan, or plant-based diets. Plant-based proteins are used in alternative protein products as substitutes for traditional animal-based proteins, offering a sustainable and cruelty-free option. Additionally, plant-based proteins offer benefits such as lower saturated fat, high fiber content, reduced environmental impact, and ethical considerations compared to animal-based proteins. For instance, in April 2023, according to the Good Food Institute, a US-based non-profit organization, the global retail sales of plant-based meat and seafood in 2022 amounted to $6.1 billion, indicating an 8% growth in revenue and a 5% increase in weight. Additionally, the collective sales of plant-based milk, cheese, and yogurt reached $21.6 billion globally, marking a 7% rise from the previous year. Therefore, the increasing demand for plant-based proteins is driving the growth of the alternative protein market.

Market Trends - Major companies operating in the alternative protein market are developing new products, such as plant-based meat, to gain a competitive edge in the market. Plant-based meat refers to food products that mimic the taste, texture, and nutritional profile of traditional animal meat but are entirely derived from plant-based sources. For instance, in January 2023, Final Foods Inc., a US-based food and technology company, launched a plant-based meat product line designed for gourmet chefs and the food service industry. This innovative range offers protein-rich vegan alternatives in slices and large cuts, allowing for versatile culinary applications such as grilling, stewing, sautéing, and stir-frying. Crafted with a unique extrusion cooking process using pea protein and natural ingredients, Final Foods' vegan meat distinguishes itself by its commitment to replicating the taste of meat while providing a more natural and creative alternative for chefs. Notably, the company is pioneering a sustainable production model, utilizing small-scale micro factories to support local markets.

The alternative protein market covered in this report is segmented –

1) By Source: Plant-Based, Insect-Based, Microbial-Based, Other Sources 2) By Form: Dry, Liquid 3) By Application: Food And Beverage, Cattle, Aquaculture, Animal Feed, Pet Food, Equine, Other Applications

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Regional Insights - North America was the largest region in the alternative protein market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alternative protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the alternative protein market are Cargill Incorporated, Archer-Daniels-Midland Company, CHS Inc., International Flavors & Fragrances Inc., Kerry Group plc, Ingredion Incorporated, DIC Corporation, Glanbia Plc, Roquette Freres SA, Tate & Lyle Plc, Corbion NV, Now Health Group Inc., Farbest Farms Inc., Ynsect SAS, BENEO GmbH, Cyanotech Corporation, MycoTechnology Inc., Enterra Feed Corporation, Sotexpro, Axiom Foods Inc., Protix B.V., EnviroFlight LLC, Entomo Farms, Aspire Food Group, Pond Technologies Holdings Inc.

Table of Contents 1. Executive Summary 2. Alternative Protein Market Report Structure 3. Alternative Protein Market Trends And Strategies 4. Alternative Protein Market – Macro Economic Scenario 5. Alternative Protein Market Size And Growth ….. 27. Alternative Protein Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[marketanalysisdata]

Protein Ingredients Market Segmentation and Competitive Analysis Report, 2030

The global protein ingredients market was valued at USD 77.69 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. This growth is being driven by an increasing demand for a variety of food products that use protein ingredients, including items like margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages. The growing consumption of these protein-enriched foods is largely fueled by the rising health consciousness among consumers, especially in aging populations. These consumers are becoming more focused on maintaining health, which is contributing to the rise in demand for protein-rich foods and ingredients. Furthermore, there has been significant innovation in protein products by manufacturers, with proteins being developed that include a wide range of amino acids and serve specific functions such as enhancing satiety, supporting muscle repair, promoting weight loss, and balancing energy levels. These innovations are expected to provide significant growth opportunities for the market.

The protein ingredients market is witnessing substantial growth, driven by increasing consumer demand for protein-enriched foods across various industries, particularly in health-conscious demographics. With strong demand in key regions like North America, Europe, and Asia Pacific, and ongoing product innovations, the market is expected to continue expanding at a steady pace over the forecast period. The rising interest in functional foods, sports nutrition, and plant-based diets will continue to fuel this growth, creating ample opportunities for manufacturers to capitalize on evolving consumer preferences. Leading companies, including Cargill, ADM, and Roquette Frères, are likely to maintain their market leadership through strategic investments, new product developments, and expansion into emerging markets.

Gather more insights about the market drivers, restrains and growth of the Protein Ingredients Market

Regional Insights:

North America Protein Ingredients Market Trends

North America was the leading region in the global protein ingredients market, accounting for over 33.56% of the global revenue in 2022. The rising demand for protein ingredients in North America is closely linked to the increasing consumption of protein-rich products such as snacks, cold cereals, and energy bars. This demand has been further supported by the introduction of new, innovative products. For example, Enfamil Human Milk Fortifier Liquid High Protein, launched by companies like Mead Johnson and Cargill, Inc., caters to consumer demand for beverages that are both cholesterol-free and low in saturated fat. These types of product innovations are expected to continue boosting the demand for protein ingredients in the region.

Asia Pacific Protein Ingredients Market Trends

The Asia Pacific region is expected to see the highest growth rate, projected at 6.3% CAGR during the forecast period. This growth is largely driven by emerging consumer markets in countries like China and India, where there is an increasing demand for protein-rich foods. China, in particular, has become one of the world’s largest producers of both plant and animal-based proteins due to the easy availability of raw materials. Soy protein is especially popular in China, with soy accounting for over 91% of the plant-based protein market in the country. Additionally, the growing reliance on packaged foods and beverages in countries like South Korea, Malaysia, Indonesia, India, and China is expected to further fuel the demand for protein ingredients in the Asia Pacific region.

Europe Protein Ingredients Market Trends

In Europe, Germany led the market in terms of revenue share in 2022. One of the key drivers behind this growth is the aging population in Germany, which has led to an increased demand for medical nutritional products that support bone and muscle maintenance. Protein ingredients have played a crucial role in meeting the nutritional needs of the elderly, and this trend has had a positive impact on the market. Additionally, the use of protein ingredients in addressing health conditions such as Alzheimer's disease has contributed to their growing popularity in the region.

Browse through Grand View Research's Category Nutraceuticals & Functional Foods Industry Research Reports.

The global bio vanillin market size was estimated at USD 227.7 million in 2024 and is projected to grow at a CAGR of 5.2% from 2025 to 2030.

The global specialized nutrition market size was estimated at USD 102.18 billion in 2024 and is expected to grow at a CAGR of 7.2% from 2025 to 2030.

Key Companies & Market Share Insights:

The global protein ingredients market is fragmented, with a moderate to high level of competition among numerous players. Manufacturers are increasingly focusing on meeting changing consumer preferences, particularly the rising demand for functional foods and sports nutrition products. As a result, many companies are incorporating protein ingredients derived from various sources such as dairy, soy, pea, eggs, and even insects.

Key market leaders include major players such as Cargill, Incorporated, ADM, and Roquette Frères. These companies are recognized for their broad and diversified product portfolios, strong distribution networks, well-established brand presence, and financial strength, which have helped them capture significant market share.

Some of the key strategies employed by these leading companies include new product launches, expansions, and investments in research and development to cater to evolving consumer demands. For instance, in December 2022, Roquette Frères launched two new types of rice proteins under the NUTRALYS brand. These rice proteins were designed to meet the growing demand for healthier food options and provide a nutritious, plant-based protein alternative. This product is particularly popular for use in special diet foods, sports nutrition, and snacks, and reflects Roquette's ongoing commitment to supporting plant-based diets and promoting healthier lifestyles. Such product innovations help companies strengthen their position in the market and tap into the growing consumer demand for sustainable and nutritious food ingredients.

Key Protein Ingredients Companies:

DuPont

Rousselot

ADM

Burcon

Tessenderlo Group

Kewpie Corporation

Roquette Freres

The Scoular Company

CHS, Inc.

Mead Johnson & Company, LLC

CropEnergies AG

Fonterra Co-Operative Group

Bunge Limited

Cargill, Incorporated

MGP

Ingredion

Kerry Inc.

Givaudan

Axiom Foods

Tate & Lyle

Puris

DSM

Glanbia Plc

Louis Dreyfus Company

Barentz

Nutri-Pea

Prinova Group LLC

Order a free sample PDF of the Protein Ingredients Market Intelligence Study, published by Grand View Research.

[savibangar]

Vegan Yogurt Market to Reach $8.85 Billion by 2031| Size, Share and Growth

Meticulous Research®, a leading global market research firm, recently published a report titled Vegan Yogurt Market—Global Opportunity Analysis and Industry Forecast (2024-2031). The report projects that the vegan yogurt market will reach $8.85 billion by 2031, growing at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.

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The market's growth is driven by several key factors, including the rising vegan population, increasing awareness of health and wellness, a high prevalence of lactose intolerance, and continuous product innovations from manufacturers. However, challenges such as higher product prices and strong consumer loyalty to animal-based dairy products may slow growth.

Additionally, growing investments in plant-based industries, along with government support in emerging markets in the Asia-Pacific and Latin American regions, present significant growth opportunities for market players. The industry also faces challenges like fluctuating raw material prices. A key trend in the market is the rising demand for clean-label products, as consumers seek transparency and simplicity in ingredients.

Key Market Players:

The vegan yogurt market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in vegan yogurt market are Danone S.A. (France), Daiya Foods Inc. (Canada), General Mills Inc. (U.S.), Nancy's Probiotic Foods (U.S.), COYO Pty Ltd. (Australia), Chobani, LLC (U.S.), Kite Hill (U.S), The Hain Celestial Group Inc. (U.S.), Stonyfield Farm, Inc. (U.S.), Forager Project LLC (U.S.), KaTech Ingredient Solutions GmbH (Germany), Epigamia (India), and Oatly A.B. (Sweden), among others. The market is segmented by product type, flavor, and distribution channel, with regional and country-level analysis of competitors.

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Market Segmentation:

By Product Type: The almond milk segment is expected to hold the largest share of the market in 2024. Almond milk’s popularity stems from growing consumer demand for nut-based, lactose-free products, as well as its nutritional profile, which includes more fiber and less sugar and salt compared to dairy yogurt. Its lower saturated fat content further enhances its appeal.

By Flavor: Chocolate-flavored vegan yogurt is anticipated to capture the largest share in 2024. This is largely due to shifting consumer preferences, especially among younger demographics like children and young adults, who prefer indulgent yet healthier options like chocolate-flavored yogurt.

By Distribution Channel: Supermarkets and hypermarkets are expected to dominate the vegan yogurt market in 2024, driven by their convenience, wide product range, and dedicated shelf space for vegan products. Consumer interest in checking product ingredients also supports this trend.

Regional Insights:

The report also covers a comprehensive analysis of major geographic regions, including North America (U.S., Canada), Europe (Germany, U.K., Spain, Italy, France, Netherlands, and others), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, and others), Latin America (Brazil, Mexico, Argentina, and others), and the Middle East & Africa (Saudi Arabia, UAE, and others).

Asia-Pacific is expected to lead the global vegan yogurt market in 2024, driven by a large vegetarian population, growing interest in plant-based diets, increased health awareness, and rising investment in the vegan food sector. North America, Europe, Latin America, and the Middle East & Africa will follow in market share, with each region exhibiting unique drivers of growth.

This report offers valuable insights for industry players and stakeholders looking to capitalize on the expanding vegan yogurt market.

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[shrutijadhav2139]

Coconut Milk Market Competitive Analysis: Uncovering Trends, Growth Rate, and Demand Forecasting

The coconut milk market has experienced notable expansion in recent years, driven by the rising demand for plant-based alternatives to dairy, health-conscious consumer trends, and the growing popularity of veganism. Coconut milk, derived from the flesh of mature coconuts, is used widely in cooking, beverages, and cosmetic products. It has become a staple in both traditional cuisines and contemporary food products globally. This article delves into the competitive landscape of the coconut milk market, key trends, growth drivers, and demand forecasting that are shaping its future trajectory.

Market Trends and Key Drivers

Rising Popularity of Plant-Based Diets: One of the significant trends driving the growth of the coconut milk market is the increasing adoption of plant-based diets. As more consumers embrace veganism and vegetarianism, they seek dairy-free alternatives to milk and cream. Coconut milk, with its rich flavor and creamy texture, has become a favored option in smoothies, curries, desserts, and even coffee.

Health and Wellness Trends: The global health and wellness movement has fueled the demand for natural, organic, and minimally processed products. Coconut milk, being perceived as a nutritious alternative to dairy with potential health benefits, such as supporting heart health and weight management, has seen a surge in consumption. The demand for clean-label products, which are free from artificial additives and preservatives, is pushing manufacturers to innovate and offer premium coconut milk options.

Increase in Lactose Intolerance Cases: Another factor propelling the market is the rising number of people diagnosed with lactose intolerance. This condition has led to a significant portion of the population seeking lactose-free alternatives like coconut milk. With the growing prevalence of this condition, particularly in regions like North America and Europe, the demand for non-dairy milk alternatives continues to rise.

Expanding Use in Cosmetics and Personal Care: Beyond food and beverage applications, coconut milk has found a place in the cosmetics and personal care industry. Its hydrating, soothing, and antioxidant properties make it a popular ingredient in skincare and haircare products. The growing consumer preference for natural beauty products further bolsters the demand for coconut milk, contributing to market growth.

Competitive Landscape

The coconut milk market is highly competitive, with the presence of both global and regional players. Companies are investing in product innovation, expanding distribution channels, and enhancing product visibility to gain a competitive edge.

Key market participants include:

Vita Coco

Danone SA (Alpro)

Nestlé S.A.

McCormick & Company, Inc. (Thai Kitchen)

GraceKennedy Group (Grace Foods)

These players focus on introducing organic, fortified, and flavored coconut milk products to cater to diverse consumer preferences. Additionally, partnerships with retailers, e-commerce expansion, and robust marketing strategies have become essential for staying competitive in the market.

Growth Rate and Regional Insights

According to recent market analysis, the coconut milk market is projected to grow at a compound annual growth rate (CAGR) of around 11% from 2023 to 2028. The Asia-Pacific region dominates the market due to the abundant production of coconuts and the widespread use of coconut milk in traditional cuisines. Countries like Thailand, Indonesia, and the Philippines are major contributors to coconut milk production and export.

Meanwhile, North America and Europe are witnessing rapid growth in demand due to the increasing shift toward plant-based products, rising cases of lactose intolerance, and expanding vegan population. In these regions, coconut milk is becoming a key ingredient in the growing functional food and beverage industry, adding to its market penetration.

Demand Forecasting

The future of the coconut milk market appears promising, with robust demand anticipated from the food and beverage, cosmetics, and personal care sectors. As consumers become more health-conscious and prioritize sustainable, ethical consumption, the demand for organic and fair-trade coconut milk is expected to rise. Furthermore, the increasing inclination towards veganism and environmental awareness is likely to keep the demand for coconut milk on an upward trajectory.

The expansion of distribution networks, including online retail platforms and specialized stores catering to vegan and health-conscious consumers, will further enhance product accessibility. Innovations such as fortified coconut milk (enriched with vitamins and minerals) and functional products targeting specific health benefits are expected to create new growth opportunities for market players.

Conclusion

The coconut milk market is poised for sustained growth, underpinned by key trends such as the rising adoption of plant-based diets, health and wellness awareness, and innovations in product offerings. With a diverse range of applications and a competitive landscape that encourages innovation, the market is expected to experience steady growth in the coming years. The increasing preference for organic, clean-label, and ethically sourced products will continue to shape the market, while regional demand, particularly in Asia-Pacific, North America, and Europe, will remain a key driver of growth.

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The Tofu Market: Exploring Growth in a Plant-Based World

The Tofu Market, a versatile and nutritious plant-based protein source, has seen a significant rise in popularity worldwide, particularly among health-conscious consumers and those seeking sustainable food alternatives. Valued at $2.50 billion in 2023, the global tofu market is projected to grow to $2.80 billion in 2024 and reach $5.10 billion by 2030, with a robust compound annual growth rate (CAGR) of 10.80% during the forecast period. This blog delves into the dynamics of the tofu market, exploring its key segments, major players, regional insights, and future outlook.

Overview of the Tofu Market

Tofu, also known as bean curd, is made from soy milk that has been coagulated and pressed into solid blocks. It is an excellent source of protein, low in calories, and rich in essential amino acids, making it a staple in vegetarian and vegan diets. The growing trend toward plant-based diets and increasing awareness of health benefits are driving the demand for tofu globally.

Market Drivers and Trends

Several factors are contributing to the growth of the tofu market:

Rising Health Consciousness: As consumers become more health-conscious, there is a growing preference for plant-based proteins like tofu, which are perceived as healthier alternatives to meat. Tofu is low in cholesterol and high in protein, appealing to various dietary preferences.

Sustainable Food Choices: The shift toward sustainable food sources is gaining momentum as environmental concerns rise. Tofu production generally has a lower carbon footprint compared to meat, making it an attractive option for eco-conscious consumers.

Diverse Culinary Applications: Tofu's versatility in cooking makes it suitable for various cuisines and dishes. It can be grilled, sautéed, stir-fried, or blended into smoothies, catering to diverse tastes and preferences.

Market Segmentation

The tofu market can be segmented based on type and application, providing insights into its structure and consumer behavior.

By Type:

Firm Tofu: This type of tofu has a dense texture, making it ideal for stir-fries and grilling. It is popular among consumers looking for a meat substitute that holds its shape during cooking.

Soft Tofu: Soft tofu, with its creamy texture, is often used in soups, desserts, and smoothies. It appeals to those who prefer a smoother texture and milder flavor.

By Applications:

Dealer/Retailer: Retailers play a significant role in distributing tofu products to consumers. They include specialty health food stores, local grocery shops, and organic markets.

Supermarkets and Hypermarkets: These large retail chains provide a wide range of tofu options, making it easily accessible to consumers. Their extensive reach contributes significantly to market growth.

Direct Selling: Direct-to-consumer sales through online platforms and farmers' markets are becoming increasingly popular, especially during the pandemic, as consumers seek convenient shopping options.

Regional Analysis

The tofu market's growth is influenced by regional trends and consumer preferences. Key regions include:

North America: The North American tofu market is experiencing rapid growth, driven by the rising demand for plant-based foods. The U.S. and Canada are home to numerous tofu brands that cater to health-conscious consumers. Increasing awareness about the environmental impact of meat consumption is also fueling tofu's popularity in this region.

Europe: Europe is witnessing a growing trend toward vegan and vegetarian diets, boosting tofu consumption. Countries such as Germany and the UK are leading the charge, with an increasing number of consumers seeking plant-based protein alternatives.

Asia Pacific: As the birthplace of tofu, the Asia Pacific region remains a significant market. Countries like China and Japan have a long history of tofu consumption, and the demand for traditional and innovative tofu products continues to thrive. The region is also seeing a rise in health-conscious consumers exploring new tofu varieties.

Latin America: The Latin American market for tofu is in its nascent stages but shows promise. With a growing awareness of plant-based diets, countries like Brazil and Argentina are starting to embrace tofu as a healthy protein source.

Middle East & Africa: In this region, the tofu market is gradually developing, driven by the increasing awareness of health benefits and the adoption of vegetarian diets. However, challenges such as limited availability and cultural preferences may slow down market growth.

Key Market Players

The tofu market is competitive, with several key players leading the industry:

Pulmuone: A major player in the Asian market, Pulmuone offers a wide range of tofu products, catering to diverse consumer preferences.

Sagamiya Foods: Known for its high-quality tofu products, Sagamiya Foods has established a strong presence in the Japanese market.

CJ CheilJedang: This South Korean company produces a variety of tofu products and has expanded its offerings to cater to international markets.

Zuming Bean Products: A prominent Chinese tofu manufacturer, Zuming focuses on producing traditional and innovative tofu products for domestic and export markets.

House Foods America Corporation: This U.S.-based company specializes in a range of tofu products, including organic and flavored options.

Morinaga Milk: Known for its high-quality tofu, Morinaga Milk has a strong foothold in the Japanese market and is expanding its reach globally.

Shanghai Tramy Green Food Group: This Chinese company is focused on producing sustainable tofu products, emphasizing organic and non-GMO ingredients.

Hangzhou Bean Food: Known for its wide variety of tofu products, Hangzhou Bean Food caters to both domestic and international markets.

Shenyang Fulai Food Industrial: This Chinese company is involved in the production and distribution of various tofu products.

Sunrise Soya Foods: A Canadian company, Sunrise Soya Foods specializes in tofu and other soy-based products, focusing on quality and sustainability.

Future Outlook

The tofu market is poised for continued growth, driven by several trends:

Innovation in Product Development: Companies are focusing on developing new tofu products to cater to diverse consumer preferences. Innovations such as flavored tofu, tofu-based snacks, and ready-to-eat meals are gaining traction.

Expansion of Distribution Channels: As demand for tofu grows, manufacturers are exploring new distribution channels, including e-commerce and direct-to-consumer sales, to reach a broader audience.

Health and Wellness Trends: The increasing focus on health and wellness is expected to drive tofu consumption. As more consumers adopt plant-based diets, the demand for nutritious and sustainable food options will continue to rise.

Challenges and Opportunities

While the tofu market presents significant opportunities, it also faces challenges:

Consumer Perception: Despite its health benefits, tofu may still be perceived as an unfamiliar or unappealing option by some consumers. Overcoming this perception through education and marketing will be essential for growth.

Competition from Alternatives: The growing popularity of other plant-based protein sources, such as tempeh and seitan, may pose competition for tofu. Tofu manufacturers must emphasize its unique benefits to stand out in the market.

Despite these challenges, opportunities abound:

Emerging Markets: As health consciousness grows in developing regions, the tofu market has the potential to expand significantly in countries with increasing demand for plant-based protein.

Collaboration and Partnerships: Collaborations between tofu manufacturers and food brands can lead to innovative product offerings and increased market reach.

Conclusion

The tofu market is experiencing robust growth, driven by rising health consciousness, sustainable food choices, and diverse culinary applications. With a projected market size of $5.10 billion by 2030, the industry is adapting to meet changing consumer preferences and exploring new opportunities for innovation. Key players are focusing on product development and expanding distribution channels to capitalize on the growing demand for plant-based proteins. As consumers increasingly turn to tofu as a healthy and sustainable food option, the market is set to thrive in the coming years.

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[umadeochake]

Dairy Alternatives Market 2024-2036 | Size, Growth, Industry Trends and Insights Report

Research Nester assesses the growth and market size of the global dairy alternatives market which is anticipated to be on account of the growing population and growing health consciousness among people.

Research Nester’s recent market research analysis on “Dairy Alternatives Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global dairy alternatives market in terms of market segmentation by source, nutrient, product, formulation, distribution channel, and by region.

Growing Number of Vegetarians to Promote Global Market Share of Dairy Alternatives

The global dairy alternatives market is estimated to grow majorly on account of the increasing number of people switching to vegetarian or vegan diets. Due to rising concern about animal suffering and the environmental effects of meat eating, vegetarianism is gradually becoming more popular in developed economies worldwide. For instance, vegetarianism is the most popular plant-based diet, with over 1 billion adherents globally.

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The world has also seen an increase in the market for vegan meals, which has led to a growing inclination toward dairy alternatives. Additionally, several plant-based substitutes for dairy and milk are being created, and the use of these goods is rising as consumers are looking to move away from regular dairy towards healthier, more environmentally friendly options.

Furthermore, most individuals lose their ability to break down lactose as they get older, which results in a decline in their tolerance to lactose, leading to higher demand for lactose-free milk alternatives like almond, coconut, and soy milk, which are readily available at most supermarkets.

Some of the major growth factors and challenges that are associated with the growth of the global dairy alternatives market are:

Growth Drivers:

Surge in Product Innovations Globally

Rising Focus on Sustainability

Challenges:

The side effects and the high cost are some of the major factors anticipated to hamper the global market size of dairy alternatives. There are adverse effects associated with switching from dairy milk to plant-based substitutes like almond, soy, oat, or coconut milk as certain plant milks contain thickeners like carrageenan that may irritate some people's stomachs or create other digestive problems.

Furthermore, a complete move to plant-based milk would usually result in lower intakes of protein, phosphorus, choline, and vitamin B12, which is likely to limit market demand.

By product, the global dairy alternatives market is segmented into milk, ice cream, yogurt, cheese, creamers, and butter. The milk segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Supermarkets offer a variety of substitutes for milk, including soy milk which are excellent providers of both protein and calcium and can be included in a nutritious, well-balanced diet.

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Switching from dairy milk to plant-based milk such as almond, soy, oat, or coconut milk is known to lower the emissions of greenhouse gases from food by over 8%, respectively.

By 2036, the soy category is expected to have grown to a sizeable market share as it is known to lower cholesterol, lower blood pressure, fight inflammation, and help with weight loss or maintenance by reducing waist circumference in overweight or obese individuals.

Also, animal milk can be replaced with dairy-free almond milk, which is rich in magnesium, has a low-calorie, high-vitamin, and can be consumed by those who are lactose intolerant.

By region, the Europe dairy alternatives market is to generate the highest revenue by the end of 2036. This growth is anticipated by a growing number of vegans in the region. With over 5% of its population identifying as vegan, Sweden is frequently cited as having one of the largest percentages of vegans in Europe.

In recent years, the vegan diet has become more and more popular around Europe as a dietary choice because of expanding consumer awareness about health, and climate change, and the rising focus on sustainability. This has led to an increase in demand for dairy alternatives in the region. Particularly, in 2023, there were more than 6 million vegans in the designated area of the EU.

Moreover, plant milk in general is becoming more and more popular in Europe, which is likely to drive market demand for milk alternatives such as almond, and soy milk. A new survey indicates that more than 52% of customers in Europe genuinely prefer plant-based milk.

This report also provides the existing competitive scenario of some of the key players of the global dairy alternatives market which includes company profiling of Blue Diamond Growers, Organic Valley Family of Farms, ADM, The Whitewave Foods Company, The Hain Celestial Group, Inc., Daiya Foods Inc., Eden Foods, Inc., Nutriops, S.L., Earth’s Own Food Company, SunOpta Inc., Freedom Foods Group Ltd., and others.     

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About Research Nester-

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[amrutatbrc1]

Dairy Blends Market 2024-2033 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies 

The dairy blends global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Dairy Blends Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The dairy blends market size has grown strongly in recent years. It will grow from $3.67 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%.The growth in the historic period can be attributed to changing consumer preferences, cost efficiency, improved shelf stability, globalization of food industry, functional and nutritional enhancements.

The dairy blends market size is expected to see strong growth in the next few years. It will grow to $5.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.The growth in the forecast period can be attributed to supply chain enhancements, emerging market demand, diverse food applications. Major trends in the forecast period include regional and ethnic variations, packaging innovation, transparency and traceability, culinary innovation and applications, allergen-free options, marketing strategies, product innovation.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increase in milk production used for various dairy products is expected to propel the dairy blend market going forward. Milk production refers to the milk produced for various milk products or dairy products. Consumers are showing interest in dairy products as they are conscious of their health. Milk is a source of rich protein and is therefore used in the preparation of various dairy blends. As a result, an increase in milk production increases the demand for the dairy blend market. For instance, In February 2022, according to a U.S.-based agency, U.S. 2021 milk production totaled 226.3 billion pounds, representing an increase of 2.9 billion pounds over 2020. Therefore, the increased milk production used for various dairy products is driving the dairy blend market.

Market Trends - Product innovation is a key trend in the dairy blend market. Major companies operating in the dairy blends sector are focused on developing new products to meet customer demand. For instance, in June 2022, Danone, a France-based company operating in dairy blends, launched a unique dairy and plant blend baby formula to provide a better option for parents to feed their babies. This unique formula combines dairy blends with plant nutrition that provides complete nutrition for babies, including plant proteins, fats, and fibers. This is the first blended baby formula with 60% proteins from plants and 40% dairy proteins.

The dairy blends market covered in this report is segmented –

1) By Type: Dairy Mixture, Dairy/Non Dairy Ingredients, Dairy As A Functional Ingredient, Dairy As A Carrier 2) By Form: Spreadable, Liquid, Powder 3) By Flavor: Regular, Flavoured 4) By Distribution Channel: B2B, B2C 5) By Application: Ice Cream And Frozen Desserts, Sweet And Savory Snacks, Bakery And Confectionery, Infant Nutrition And Baby Food, Beverages, Meat, Seafood, Dietary Supplements

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Regional Insights - Asia-Pacific was the largest region in the dairy blends market share in 2023. The regions covered in the dairy blends market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the dairy blends market report are Cape Food Ingredients West Africa Ltd., All American Foods Inc., Cargill Incorporated, Fonterra Co-operative Group Limited, Kerry Group plc, Royal FrieslandCampina NV, Döhler Inc., Agropur Ingredients LLC, Advanced Food Products LLC, Glanbia plc, Galloway Company Inc., Interfood Holding B.V., Intermix Australia Pty Ltd., Ace International LLP, Dairy Farmers of America Inc., Danone SA, Nestlé SA, Dean Foods Company, Land O'Lakes Inc., Archer Daniels Midland Company (ADM), Batory Foods, Bunge Limited, Foremost Farms USA Cooperative, Idaho Milk Products Inc., Lactalis Ingredients SA, Leprino Foods Company, MCT Dairies Inc., Milk Specialties Global Co., Pacific Dairy Ingredients Inc., Westland Co-operative Dairy Company Limited

Table of Contents 1. Executive Summary 2. Dairy Blends Market Report Structure 3. Dairy Blends Market Trends And Strategies 4. Dairy Blends Market – Macro Economic Scenario 5. Dairy Blends Market Size And Growth ….. 27. Dairy Blends Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[creativeera]

Pasta Filata Cheese Market is in Trends by Growing Demand for Specialty and Artisan Cheeses

The pasta filata cheese market involves various cheese variants that undergo a cooking and kneading process to produce a soft, pliable consistency. Popular types include mozzarella, provolone, and scamorza. Pasta filata cheeses are known for their fresh, milky flavors and ability to melt well in baked dishes or on pizza. The market sees strong demand from the foodservice industry due to wide use of mozzarella in dishes. The health appeal of pasta filata cheeses as a good source of calcium, protein, and other nutrients also drives their use in products catering to health-conscious consumers. The Global Pasta Filata Cheese Market is estimated to be valued at US$ 14.4 Mn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the pasta filata cheese market are Bristol Myers Squibb, Johnson & Johnson, AbbVie Inc., and Merck & Co., Inc. Demand for specialty and artisan pasta filata cheeses is on the rise with consumers preferring unique flavors and authentic ingredients. Pasta filata cheese producers are also expanding globally with a focus on regions with high Italian populations or growing foodservice industries. Key players related content comprises key players related content Key players operating in the Pasta Filata Cheese Market Growth are Bristol Myers Squibb, Johnson & Johnson, AbbVie Inc., and Merck & Co., Inc. Demand for specialty and artisan pasta filata cheeses is on the rise with consumers preferring unique flavors and authentic ingredients. Pasta filata cheese producers are expanding globally with focus on regions with high Italian populations or growing foodservice industries. The growing demand in market: There is growing demand for pasta filata cheeses due to increasing preference for authentic Italian cuisine around the world. Foodservice providers are actively promoting specialty mozzarellas, scamorzas, and provolones on menus to attract customers. Global expansion of market: Major pasta filata cheese companies are expanding their global footprint by acquiring regional brands, establishing manufacturing plants overseas, and boosting imports. North America and Asia Pacific present lucrative opportunities due to rising spending power, Westernization of diets, and growing popularity of pizza and pasta dishes. Market Key Trends A key trend gaining traction in the pasta filata cheese market is the rise of artisan and specialty varieties. Small-scale producers are innovating with unique flavor blends, seasonal ingredients, and traditional recipes to appeal to consumers seeking authentic cooking experiences. This is driving increased consumption of high-value pasta filata cheeses.

Porter's Analysis Threat of new entrants: High capital investments for production plants and brand loyalty towards existing brands pose barrier for new entrants. Bargaining power of buyers: Large retail buyers can negotiate with suppliers on price discounts due to their high purchase volumes. Bargaining power of suppliers: Milk being the key raw material, dairy farmers can influence prices depending on production and supply. Threat of new substitutes: Alternative cheese varieties and plant-based substitutes can limit market growth.Competitive rivalry: Intense competition exists among existing vendors to capture market share through innovation, marketing campaigns and pricing strategies. Western Europe dominates the global pasta filata cheese market. Countries including Italy, Spain, and France are leaders in consumption and production. The per capita pasta filata cheese consumption in Western Europe is higher compared to other regions. The Middle East and Africa is expected to witness the fastest growth rate over the forecast period. Rising health awareness, changing dietary patterns, and growing exposure to international cuisines are fueling the demand for pasta filata cheese in countries such as Saudi Arabia, United Arab Emirates, South Africa and Nigeria.

Get more insights on Pasta Filata Cheese Market

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[tbrc34]

"Plant-Powered: Growth and Trends in the Soy Beverages Market (2024-2033)"

Soy Beverages Market : Soy beverages have emerged as a powerhouse in the plant-based movement, offering a nutritious and sustainable alternative to dairy. Rich in protein and essential nutrients, soy milk is favored not only by vegans and those with lactose intolerance but also by health-conscious consumers seeking to reduce their environmental footprint. As the demand for dairy-free options grows, soy beverages continue to innovate with fortified options, diverse flavors, and blends, catering to a wide array of tastes.

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The soy beverage market is set for substantial growth, fueled by the increasing popularity of plant-based diets and rising consumer awareness of the health and sustainability benefits. With an expanding global market and more emphasis on clean-label, non-GMO products, soy beverages are perfectly positioned to lead the charge in the evolving landscape of dairy alternatives.

Relevant Link : https://linkewire.com/2024/10/04/recreational-cannabis-market-analysis-2024-2033-growth-regulation-and-consumer-shifts/

#SoyRevolution #PlantBasedPower #DairyFreeLiving #SustainableSips #HealthyAlternatives #SoyMilkMagic #EcoFriendlyChoices #VeganLifestyle #NutrientRich #CleanLabelMovement

[industrynewsupdates]

Protein Ingredients Market Business Analysis, Recent Development And Forecast, 2030

The global protein ingredients market size was valued at USD 77.69 billion in 2022 and is expected to grow at a revenue-based compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. 

The market is gaining momentum and witnessing a high demand owing to rising demand for food products, such as margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages, which are produced using protein ingredients. Increasing consumption of these products among health-conscious and elderly consumers is also fueling the industry’s growth. Moreover, a rise in the innovation of several proteins by various manufacturers that constitute a wide range of amino acids and perform specific functions, including satiety, muscle repair, weight loss, and energy balance, is expected to present immense growth opportunities for the market.

The industry has witnessed a considerable increase in the consumption of animal-based products in the recent past. Animal protein is expected to witness further growth over the next few years in the U.S. Momentous demand for these products derived from animal sources in the domestic market is expected to ascend the product demand. The supply chain initiatives undertaken by the ingredient manufacturing companies to strengthen the distribution of products are further expected to drive the market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Protein Ingredients Market

Protein Ingredients Market Report Highlights

• By product, plant proteins are expected to witness the fastest growth over the forecast period owing to the increased use of protein ingredients in food and beverages. Increasing use of plant proteins in a wide range of applications, including manufacturing of fertilizers, paper coatings, and printing inks, is creating lucrative growth opportunities for the segment

• Animal/dairy proteins held the largest revenue share of over 78.94% in 2022 owing to the growing adoption of these products in developed markets. Whey protein is expected to witness significant growth over the forecast period as it is largely popular among fitness-savvy consumers

• North America dominated the market with more than 33.56% share of the global revenue in 2022 owing to the high demand from the U.S. food and beverages sector. Consumer markets developing in Asia Pacific are growing at a high pace due to a rise in disposable income and changing lifestyle, resulting in significant growth of the regional market

• The Middle East and Africa is expected to exhibit a revenue-based CAGR of 9.6% from 2021 to 2028. This is attributed to supportive government policies as well as improved economic indicators, which have resulted in the increased availability of packaged foods amongst the urban and rural population

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

• The global fermented ingredients market size was valued at USD 35.3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2030.

• The global milk protein market size was estimated at USD 6.63 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2030.

Protein Ingredients Market Segmentation

Grand View Research has segmented the protein ingredients market based on product, application, and region:

Protein Ingredients Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Plant Proteins

o Cereals

o Wheat

o Wheat Protein Concentrates

o Wheat Protein Isolates

o Textured Wheat Protein

o Hydrolyzed Wheat Protein

o HMEC/HMMA Wheat Protein

o Rice

o Rice Protein Isolates

o Rice Protein Concentrates

o Hydrolyzed Rice Protein

o Others

o Oats

o Oat Protein Concentrates

o Oat Protein Isolates

o Hydrolyzed Oat Protein

o Others

o Legumes

o Soy

o Soy Protein Concentrates

o Soy Protein Isolates

o Textured Soy Protein

o Hydrolyzed Soy Protein

o HMEC/HMMA Soy Protein

o Pea

o Pea Protein Concentrates

o Pea Protein Isolates

o Textured Pea Protein

o Hydrolyzed Pea Protein

o HMEC/HMMA Pea Protein

o Lupine

o Chickpea

o Others

o Roots

o Potato

o Potato Protein Concentrate

o Potato Protein Isolate

o Maca

o Others

o Ancient Grains

o Ancient Wheat

o Quinoa

o Sorghum

o Amaranth

o Chia

o Millet

o Others

o Nuts & Seeds

o Canola

o Canola Protein Isolates

o Hydrolyzed Canola Protein

o Others

o Almond

o Flaxseeds

o Others

o Animal/Dairy Proteins

o Egg Protein

o Milk Protein Concentrates/Isolates

o Whey Protein Concentrates

o Whey Protein Hydrolysates

o Whey Protein Isolates

o Gelatin

o Casein/Caseinates

o Collagen Peptides

o Microbe-based Protein

o Algae

o Bacteria

o Yeast

o Fungi

o Insect Protein

o Coleoptera

o Lepidoptera

o Hymenoptera

o Orthoptera

o Hemiptera

o Diptera

o Others

Order a free sample PDF of the Protein Ingredients Market Intelligence Study, published by Grand View Research.

[jayanthitbrc]

Global Plant Milk Market Analysis 2024: Size Forecast and Growth Prospects

The plant milk global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Plant Milk Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The plant milk market size has grown rapidly in recent years. It will grow from $16.67 billion in 2023 to $18.99 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to increasing consumer demand for plant-based diets, collaboration between industry players, increasingly prioritizing health and wellness, increasingly focusing on reducing their carbon footprint, and minimizing environmental impact during production.

The plant milk market size is expected to see rapid growth in the next few years. It will grow to $32.40 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to increasing urbanization, increasing vegan population, increasing demand for organic foods and beverages, growing demand for lactose-free milk, increasing demand for dairy alternative, and increasing awareness about plant milk. Major trends in the forecast period include innovative products, innovative plant milk varieties, diverse flavors and textures, strategic marketing, and technological advancements.

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Scope Of Plant Milk Market The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Plant Milk Market Overview

Market Drivers - The increasing vegan population is expected to propel the growth of the plant milk market going forward. The vegan population refers to the group of individuals who follow a vegan lifestyle, which involves abstaining from consuming all animal products, including meat, dairy, eggs, and honey. The increase in the vegan population is due to several critical factors, including heightened awareness of the ethical treatment of animals, environmental sustainability, and health benefits. Plant milk is a popular choice among the vegan population as it is an alternative to dairy milk for ethical, environmental, or health reasons. For instance, in January 2024, according to a survey of 2,000 adults aged 18 or over in Great Britain by Finder.com LLC, a US-based personal finance comparison site, there were 2.5 million vegans in early 2024, an increase from 1.1 million in 2023. Therefore, the increasing vegan population is driving the growth of the plant milk market.

Market Trends - Major companies operating in the plant milk market are focused on developing innovative products, such as creamy plant milk, to cater to the growing demand for dairy-free options. Creamy plant milk is a type of non-dairy milk made from plant-based sources, such as almonds, oats, soy, coconut, cashews, or rice, with a richer, thicker texture similar to traditional dairy milk. For instance, in February 2024, Califia Farms LLC, a US-based manufacturer of plant-based dairy products, launched Califia Farms Complete. It is a creamy plant milk designed to match the nutritional profile of dairy milk while containing 50% less sugar. It is made from a pea, chickpea, and fava bean protein blend. It contains more of these nine essential nutrients as an eight-ounce serving of dairy milk, including protein, calcium, vitamin A, vitamin D, vitamin B12, magnesium, phosphorus, potassium, and riboflavin.

The plant milk market covered in this report is segmented –

1) By Type: Coconut, Soy, Almond, Rice, Oat, Other Types 2) By Formulation: Unsweetened, Sweetened 3) By Packaging: Bottles, Pouches, Cartons 4) By Application: Food And Beverage Industry, Household, Hotels And Restaurants, Other Applications 5) By End-User: Mainstream Stores, Specialty Stores, Other End-Users

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Regional Insights - North America was the largest region in the plant milk market in 2023. The regions covered in the plant milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the plant milk market are Danone S.A., Campbell Soup Company, Döhler Gmbh, Mc Cormick & Company Inc., Univar Solutions Inc., The Hain Celestial Group Inc., Blue Diamond Growers Inc., Goya Foods Inc., Fazer, Oatly Group AB, Califia Farms LLC, Pacific Foods, Earth’s Own Food Company Inc., Ripple Foods, Oatsome, Elmhurst Milked Direct LLC, Good Karma Foods Inc., Elden Foods LLC, Natura Foods, Alpina Foods LLC

Table of Contents 1. Executive Summary 2. Plant Milk Market Report Structure 3. Plant Milk Market Trends And Strategies 4. Plant Milk Market – Macro Economic Scenario 5. Plant Milk Market Size And Growth ….. 27. Plant Milk Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[marketanalysisdata]

Protein Ingredients Market Analysis, Top Key Players, Drivers and Trends by Forecast to 2030

The global protein ingredients market was valued at USD 77.69 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The market is gaining significant momentum due to the increasing demand for food products like margarine, cold cuts, bakery items, spreads, yogurt, and milk sausages, all of which are produced using protein ingredients. The rising consumption of these protein-rich products among health-conscious consumers, particularly the elderly, is further fueling market growth. Additionally, manufacturers are innovating and developing various proteins with a broad range of amino acids that serve specific functions, such as promoting satiety, muscle repair, weight loss, and energy balance, which opens up more growth opportunities for the market in the forecast period.

The industry has witnessed a notable increase in the consumption of animal-based products recently, and animal protein is expected to see continued growth, especially in the U.S. The strong domestic demand for animal-derived products is expected to drive the need for protein ingredients further. Companies involved in the production and supply of these ingredients are strengthening their distribution networks to ensure better market penetration, a factor that is expected to boost the industry's growth over the next several years.

Gather more insights about the market drivers, restrains and growth of the Protein Ingredients Market

Product Segmentation Insights:

In terms of product types, the animal/dairy protein segment dominated the market, accounting for a revenue share of 78.94% in 2022. This segment's growth is primarily driven by the high demand for premium-quality proteins across sectors such as food and beverages, animal feed, and personal care. Animal proteins are considered complete sources of protein because they contain all the essential amino acids the human body requires, making them a preferred choice for consumers aiming to maintain a healthy lifestyle. The numerous health benefits of animal protein ingredients have been well-supported by scientific research and endorsed by regulatory authorities. For example, whey protein has been shown to boost glutathione (GSH) levels, which enhances nutritional status and immune function in cancer patients undergoing chemotherapy.

The animal protein segment is expected to grow at a moderate CAGR of 4.4% during the forecast period, driven by its use in the animal feed industry, where it is employed as a supplement to promote the health and growth of livestock. In the personal care sector, animal proteins are incorporated into hair and skincare products to improve the texture and appearance of hair and skin. Among animal proteins, egg protein held the largest share (43.28%) in 2022, as eggs are a rich source of high-quality protein. Each egg contains approximately 6-7 grams of protein, with both the whites and yolks contributing to this amount. Eggs also offer numerous other health benefits, such as being low in calories and high in essential nutrients like choline, iron, and vitamins A, D, E, and B12. The versatility of egg protein, which can be incorporated into a wide range of food products (e.g., baked goods, sauces, and dressings), further drives its popularity among consumers.

Plant Proteins -

Plant proteins are expected to grow at a significant CAGR of 9.1% during the forecast period. This growth is driven by the increasing preference for plant-based diets, which are seen as healthier and more sustainable than animal-based diets. Plant proteins are also relatively inexpensive, which is expected to further boost demand in the coming years. The growing trend of veganism, particularly in North America and Europe, is also contributing to the rise in consumption of plant-based protein ingredients. Soy and wheat proteins are particularly popular as they are perceived to offer numerous health benefits.

Cereal-based proteins are also expected to see significant growth, particularly in the personal care and cosmetics industries. For example, corn-based ingredients are used as skin and hair conditioning agents, abrasives, absorbents, and binders in a variety of products, including facial makeup, fragrances, hair care products, hair dyes, and even oral care products.

Insect Proteins -

Insect proteins represent the fastest-growing segment in the market, with a projected CAGR of 26.4% over the forecast period. Protein derived from insects, such as crickets, has found increasing use in various applications, particularly in nutritional bars where it is added in powder form to boost nutritional value and flavor. Companies like Crik Nutrition source insect proteins from farms that adhere to strict guidelines, ensuring that the crickets used are of the highest quality for human consumption.

Research at Wageningen University suggests that waste generated from insect-rearing could be used to promote sustainable agriculture. The exoskeletons of insects are rich in chitin, a compound that can be metabolized by certain bacteria to enhance plant resilience against pests and diseases. Insects are highly efficient to farm, producing ten times as much edible protein per kilogram of grass compared to traditional livestock. This ability to produce more protein with fewer resources positions insect-rearing as an integral component of a circular food system, one in which waste is minimized and sustainability is maximized.

The combination of rising health-conscious consumer behaviors, innovations in protein ingredient development, and the drive for sustainable, eco-friendly food sources will continue to fuel the growth of the global protein ingredients market over the forecast period.

Order a free sample PDF of the Protein Ingredients Market Intelligence Study, published by Grand View Research.

[rakshasns]

Vegan Food Market : Worldwide Industry Analysis By 2023 - 2030

Vegan Food to Reach $60.04 Billion by 2030, Growing at a CAGR of 11.79%

Vegan Food Size, Share, and Forecast Report 2023-2030

Introduction

The Vegan Food Market Size is witnessing remarkable growth as consumer preferences shift toward plant-based diets driven by health, environmental, and ethical considerations. Valued at $24.61 billion in 2022, the vegan food is projected to expand significantly, reaching $60.04 billion by 2030. This growth reflects a robust compound annual growth rate (CAGR) of 11.79% from 2023 to 2030. With increasing awareness of the benefits of vegan diets, the is poised to reshape the food industry landscape.

This press release provides insights into the key drivers propelling growth, highlights emerging trends, offers a detailed segmentation analysis, and presents regional insights as the vegan food continues to evolve globally.

 Drivers and Growth Factors

Several factors are fueling the growth of the vegan food :

Increasing Health Consciousness: Consumers are becoming more aware of the health benefits associated with plant-based diets, including lower risks of chronic diseases, obesity, and cardiovascular issues. The demand for healthier food alternatives is driving the adoption of vegan food products among health-conscious consumers.

Rising Environmental Concerns: The environmental impact of animal agriculture, including greenhouse gas emissions, deforestation, and water consumption, is prompting consumers to seek sustainable food options. The vegan food is gaining traction as people prioritize environmentally friendly choices, leading to increased demand for plant-based products.

Ethical Considerations: Growing awareness of animal welfare issues is influencing consumer choices. Many individuals are adopting vegan diets as a way to align their eating habits with their ethical beliefs regarding animal rights. This shift is expected to continue driving the for vegan food products.

Expansion of Product Offerings: The vegan food is rapidly evolving, with an increasing variety of products available to consumers. From dairy alternatives to meat substitutes, brands are innovating to create delicious, satisfying, and accessible vegan options, attracting a broader consumer base.

Increased Availability and Accessibility: The rise of e-commerce and the expansion of vegan products in supers and specialty stores have made plant-based foods more accessible to consumers. This increased availability is driving higher sales and encouraging more people to try vegan options.

 Segmentation

The global vegan food can be segmented by product type, distribution channel, and region.

By Product Type:

Dairy Alternatives: This segment includes plant-based milk (such as almond, soy, oat, and coconut milk), cheese substitutes, yogurt alternatives, and creamers. Dairy alternatives are increasingly popular among consumers seeking lactose-free options or looking to reduce dairy consumption.

Meat Substitutes: Meat substitutes are designed to mimic the taste and texture of meat products. This segment includes products such as plant-based burgers, sausages, and nuggets made from ingredients like pea protein, soy, and other plant-derived proteins. The demand for meat substitutes is rising as more consumers adopt flexitarian diets and seek healthier protein options.

Others: This segment encompasses various other vegan food products, including snacks, desserts, condiments, and ready-to-eat meals. The variety of options available in this category is growing, catering to the diverse tastes and preferences of consumers.

By Distribution Channel:

Offline: Offline retail channels include supers, hypers, health food stores, and specialty vegan shops. Traditional retail continues to be a significant channel for vegan food products, providing consumers with the opportunity to explore different brands and products.

Online: The online segment is rapidly growing, driven by the convenience of e-commerce and the ability to reach a wider audience. Many consumers are turning to online platforms for purchasing vegan food products, leading to increased sales through digital channels.

Regional Outlook

North America: North America is one of the largest s for vegan food, with the U.S. leading the way. The growing popularity of plant-based diets, coupled with increasing awareness of health and sustainability, is driving demand for vegan products. The presence of established brands and innovative startups in the region further fuels growth.

Europe: Europe is a significant for vegan food, with countries such as Germany, the U.K., and France witnessing rapid growth. European consumers are highly health-conscious and environmentally aware, leading to increased adoption of plant-based diets. The rise of clean-label products and sustainability initiatives is driving demand for vegan alternatives in the region.

Asia-Pacific: The Asia-Pacific region is expected to experience the fastest growth in the vegan food during the forecast period. Factors such as rising disposable incomes, urbanization, and a growing focus on health and wellness are driving the demand for plant-based foods in countries like China, India, and Japan.

Latin America and Middle East & Africa: These regions are emerging s for vegan food, with growing interest in plant-based diets and an increasing number of vegan products becoming available. Brazil and South Africa are key contributors to growth in these areas.

Trends Shaping the Future of the Vegan Food

Innovation in Plant-Based Products: As consumer preferences evolve, food manufacturers are investing in research and development to create innovative plant-based products that mimic the taste, texture, and appearance of animal-based foods. This trend is expected to attract a broader consumer base and drive growth.

Focus on Clean Label and Transparency: Consumers are increasingly seeking products with simple, recognizable ingredients. Brands that prioritize clean labeling and transparency in sourcing are likely to gain a competitive edge in the vegan food .

Emergence of Vegan Convenience Foods: With the busy lifestyles of consumers, there is a growing demand for convenient, ready-to-eat vegan meals and snacks. The availability of frozen, packaged, and on-the-go options is making it easier for consumers to incorporate vegan choices into their diets.

Sustainability Initiatives: Brands are focusing on sustainable sourcing and production practices to meet the demands of environmentally conscious consumers. This includes using eco-friendly packaging, reducing food waste, and sourcing ingredients from sustainable farms.

Key Players

Several key players are leading the growth of the vegan food , including:

Beyond Meat, Inc.

Impossible Foods Inc.

Nestlé S.A.

Tofurky Company

Oatly AB

These companies are at the forefront of innovation in the vegan food space, developing new products and expanding their presence to cater to the growing demand for plant-based foods.

Conclusion

The global vegan food is on a significant growth trajectory, driven by rising health awareness, environmental concerns, and the demand for sustainable food options. With a projected CAGR of 11.79% from 2023 to 2030, the is expected to reach $60.04 billion by 2030, offering ample opportunities for innovation and expansion across various sectors.

Read More Details @ https://www.snsinsider.com/reports/vegan-food-market-1311

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Akash Anand – Head of Business Development & Strategy

info@snsinsider.com

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[mordormr]

Pecan Market Analysis: Key Trends, Market Size, and Growth Projections 

The global pecan market size is projected to reach USD 1.16 billion by 2029, growing from USD 0.89 billion in 2024, at a CAGR of 5.60% during the forecast period. According to Mordor Intelligence, this growth is driven by a rising awareness of health benefits and a shift towards healthier food options. 

Overview of the Pecan Market 

Pecans, rich in nutrients such as vitamin C, niacin, vitamin B-6, and essential minerals like calcium, copper, iron, magnesium, manganese, phosphorus, and zinc, are gaining popularity due to their numerous health benefits. The growing inclination towards plant-based diets and vegan food options is also contributing to the expansion of the pecan market. 

The United States and Mexico dominate the global pecan production, accounting for over 45% of the supply. The U.S. not only produces a significant portion but also leads in consumption, driven by its culinary use in traditional and modern recipes. Despite these positive trends, challenges such as adverse weather conditions can impact production and market stability. 

Key Trends Shaping the Pecan Market 

Increased Health Awareness: One of the significant drivers of the pecan market is the growing awareness about the health benefits associated with pecans. These nuts are known for their heart-healthy fats, antioxidants, and ability to support overall health. As consumers become more health-conscious, the demand for pecan-based products is increasing. This trend is evidenced by recent product innovations like Aloha's limited-edition Chocolate Caramel Pecan protein bar, which combines organic pecans with dark chocolate and other nutritious ingredients. 

Rising Popularity in the United States: The U.S. stands out as the largest consumer of pecans, with high consumption rates in states such as California, Texas, and Georgia. The demand is driven by the versatility of pecans in various snacks, chocolates, and baked goods. Additionally, new product launches like pecan milk cater to the growing trend for plant-based alternatives, further boosting the pecan market size in the country. 

Impact of Adverse Weather Conditions: Weather patterns have a substantial impact on pecan production. For instance, the severe weather conditions in 2023, including strong winds and insufficient rainfall, led to significant yield losses in major cultivation areas. Such climatic challenges contribute to price volatility in the pecan market, affecting both domestic and international prices. 

Expansion of Pecan-Based Products: The market is witnessing a surge in the development of pecan-based products, driven by increasing consumer preference for plant-based and vegan options. Products such as pecan milk, pecan cheese spreads, and various snacks are becoming more prevalent. This diversification is expected to sustain the growth of the pecan market in the coming years 

Key players in the market include: 

The Pecan Company - Known for its innovative pecan products and diverse product range. 

American Pecan Council - A key player in promoting pecan consumption and supporting growers. 

Pecan Harvesters - Specializes in high-quality pecan production and distribution. 

Southwestern Pecan Growers - Major grower and processor in the southwestern U.S. 

Challenges and Future Outlook 

The pecan market faces challenges such as climatic variability and pests, which can impact production and pricing. Addressing these issues through sustainable farming practices and technological advancements will be crucial for future growth. 

Looking ahead, the pecan market trends suggest a continued expansion driven by health-conscious consumer preferences and innovations in pecan-based products. The market's strength lies in its ability to adapt to changing consumer demands and overcome production challenges. 

Conclusion 

The pecan market is set for significant growth, supported by rising health awareness and increasing demand for plant-based foods. With major producers like the United States and Mexico leading the charge and a growing variety of pecan-based products hitting the market, the industry is poised for a promising future. Despite challenges, the innovative approaches and robust production strategies will continue to drive the pecan market size and trends.