#North America Ice-creams and Frozen Desserts market size

[pravalika]

North America Ice-creams & Frozen Desserts Market - Forecast (2023 - 2028)

Ice-creams and frozen desserts are frozen foods traditionally eaten as snacks and desserts. Most of the ice-creams are usually prepared from dairy products such as cream and milk. Sweeteners, stabilizers, preservatives, flavors, colors and emulsifiers are added to enhance the taste and shelf-life of these products. Various cultures in the world have different varieties of ice creams and frozen desserts popular in their countries, for instance, Gelato and Kulfi are popular traditional frozen delicacies in Italy and India respectively. Nowadays ice-cream novelties and artisanal ice-creams exhibit higher growth as ice-cream manufacturers strive for product innovation for new customer acquisition.

North America Ice-creams and frozen desserts market exhibit a stable growth of 1.5% in the forecast period 2015-2020. Slowdown in the U.S. and Canada markets is estimated in the coming years owing to the aging population and saturated market. Mexico on the other hand has a very young demographic but its growth is restrained owing to unfavourable climatic conditions Gelato and frozen yoghurt exhibit strong growth owing to rising consumer awareness. Manufacturers are introducing new flavors and innovative packaging capture market share.

This report segments the North America Ice-creams and frozen desserts market by type and by channel with focus on the major economies of U.S., Canada and Mexico. Packaged ice-creams and frozen desserts market covers major categories like ice-cream and frozen novelties and other categories such as yoghurt, gelato and frozen custard. The report throws light on the major distribution channels such as supermarkets, hypermarkets, department stores, convenience stores, kiosk, ice-cream specialty shops and mobile vendors.

Sample Companies profiled in this Report are:

Unilever

Nestle

David Chapman Ice Cream Ltd

[rakshasns]

Frozen Desserts Market Size, Share, Trends by Forecast to 2030

Frozen Desserts Set for Sweet Growth: Projected to Reach USD 147.47 Billion by 2030

The Frozen Desserts Market Share is experiencing a delightful surge, valued at USD 91.98 billion in 2022. Projections indicate that this vibrant sector is expected to reach USD 147.47 billion by 2030, achieving a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2030. This growth is primarily driven by evolving consumer preferences, increasing disposable incomes, and the rising demand for innovative dessert options.

Overview

The frozen desserts industry encompasses a wide range of products designed to provide indulgence and satisfaction, including ice cream, frozen cakes, pastries, confectionery, and other sweet treats. As consumers increasingly seek convenient and enjoyable dessert options, the demand for frozen desserts continues to rise, solidifying their place as a staple in the global dessert .

Key Trends Fueling Growth

Rising Demand for Convenience: In today’s fast-paced world, consumers are looking for quick and easy dessert solutions. Frozen desserts offer a convenient way to satisfy sweet cravings without the need for preparation, making them a popular choice for busy individuals and families.

Health-Conscious Choices: As health awareness grows, many consumers are seeking healthier dessert options. The is responding with the introduction of low-calorie, low-sugar, and dairy-free frozen desserts, catering to the needs of health-conscious consumers.

Innovative Flavors and Ingredients: The frozen desserts is witnessing a surge in creativity, with brands experimenting with unique flavors and ingredients. From exotic fruit blends to gourmet toppings, consumers are eager to try new and exciting dessert options.

E-commerce Growth: The rise of online shopping has transformed how consumers purchase frozen desserts. E-commerce platforms provide convenience and accessibility, allowing consumers to explore a wide variety of products and have them delivered directly to their homes.

Sustainability Initiatives: With increasing awareness of environmental issues, consumers are gravitating toward brands that prioritize sustainable practices. This includes eco-friendly packaging and sourcing ingredients responsibly, appealing to environmentally conscious consumers.

Segmentation

The frozen desserts can be segmented based on product type, distribution channel, and region:

By Product Type: The includes several categories:

Confectionery & Candies: Sweet treats that complement frozen desserts, such as chocolate-covered snacks and candy bars.

Ice Cream: A classic favorite, ice cream remains a dominant segment, available in various flavors and formulations.

Frozen Desserts: This category encompasses a diverse range of frozen treats, including sorbets, frozen yogurt, and gelato.

Tofu Desserts: An emerging segment, tofu-based desserts cater to the growing demand for plant-based options.

Cakes & Pastries: Frozen cakes and pastries provide indulgent options for special occasions and everyday treats.

Others: This category includes various frozen dessert items not covered in the above segments.

By Distribution Channel: The is analyzed through various channels, including:

Super/Hyper: Traditional retail outlets remain a significant channel for frozen dessert purchases, offering a wide variety of brands and products.

Convenience Stores: These stores cater to on-the-go consumers seeking quick dessert solutions.

Cafes & Bakery Shops: Establishments serving frozen desserts play a crucial role in introducing new flavors and products to consumers.

Online: E-commerce platforms are rapidly gaining importance, providing consumers with greater access to a variety of frozen dessert options.

Others: This includes specialty stores and food service establishments.

By Region: The is analyzed across several key regions:

North America: The largest for frozen desserts, driven by high consumer spending and a diverse range of products.

Europe: A mature characterized by a strong emphasis on premium and artisanal frozen desserts.

Asia-Pacific: Rapid urbanization and increasing disposable incomes are driving growth in this region, with a rising interest in frozen treats.

Latin America and the Middle East: Emerging s are witnessing growing demand for frozen desserts as lifestyles change and urban populations expand.

Regional Insights

North America: The North American frozen desserts is expected to maintain its leadership due to a well-established retail infrastructure and high consumer demand for indulgent treats. The region is also seeing a rise in health-conscious products, including low-calorie and dairy-free options.

Europe: In Europe, the is driven by a strong emphasis on quality and innovation. Consumers are increasingly seeking gourmet frozen desserts, leading to the growth of artisanal brands that focus on unique flavors and high-quality ingredients.

Asia-Pacific: The Asia-Pacific region is poised for significant growth, fueled by rapid urbanization, changing dietary habits, and rising disposable incomes. The demand for frozen desserts is on the rise, particularly in densely populated urban areas where convenience is key.

Latin America and the Middle East: These regions are experiencing a shift in consumer behavior, with increased interest in frozen desserts as urban lifestyles evolve. Local brands are emerging to cater to regional tastes and preferences, contributing to growth.

Challenges and Opportunities

While the frozen desserts is set for growth, it faces challenges such as fluctuating raw material prices and increasing competition from private-label brands. However, opportunities abound in product innovation, health-focused offerings, and the expansion of e-commerce. Companies that can effectively navigate these challenges while capitalizing on emerging trends will position themselves for long-term success.

Conclusion

The frozen desserts is on a promising upward trajectory, driven by changing consumer preferences, a focus on convenience, and a growing emphasis on health and sustainability. With an estimated value of USD 147.47 billion by 2030, businesses in the frozen desserts sector must adapt to this evolving landscape by embracing innovation, sustainability, and consumer-centric strategies. As the demand for frozen desserts continues to rise, the industry represents not just a opportunity but a fundamental shift in how consumers indulge their sweet cravings.

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[infinitiresearch]

Commercial Ice Cream Freezers Market| Market Size, Share, Trends, Analysis, Growth and Forecast, 2024 – 2028

Originally published on Technavio: Commercial Ice Cream Freezers Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028

The commercial ice cream freezers market is a vital component of the foodservice industry, catering to the storage and display needs of various establishments such as ice cream parlors, restaurants, supermarkets, and convenience stores. These freezers are specifically designed to preserve the quality and consistency of ice cream products while providing an attractive display for customers. The market is driven by factors such as the demand for frozen desserts, innovations in freezer technologies, and the continuous expansion of the global food and beverage sector.

One of the key drivers of the commercial ice cream freezers market is the enduring popularity of frozen desserts. Ice cream remains a beloved treat across the globe, and consumers often make impromptu purchases based on visual appeal. Commercial ice cream freezers are strategically designed with transparent doors and efficient lighting to showcase a variety of ice cream flavors, enticing customers and encouraging impulse buying. As the demand for frozen treats persists, the market for these specialized freezers continues to grow.

Innovations in freezer technologies contribute to the market's evolution, enhancing the performance and efficiency of commercial ice cream freezers. Manufacturers are incorporating features such as advanced temperature control, energy-efficient designs, and improved insulation materials to ensure optimal storage conditions for ice cream products. These technological advancements not only benefit businesses by reducing operational costs but also align with the broader industry trend toward sustainability and energy conservation.

The global expansion of the food and beverage sector further fuels the demand for commercial ice cream freezers. As the number of foodservice establishments increases and consumer preferences evolve, the need for reliable and visually appealing display freezers becomes essential. Ice cream parlors, cafes, and supermarkets rely on these freezers to maintain the quality of their frozen desserts, attract customers, and drive sales. The market responds by offering a diverse range of commercial ice cream freezers to suit various business models and spatial requirements.

The impact of the COVID-19 pandemic on the commercial ice cream freezers market was influenced by fluctuations in the foodservice industry. Lockdowns and restrictions led to temporary closures of many establishments, impacting the demand for display freezers. However, as economies gradually reopened and consumer confidence improved, the market witnessed a resurgence as businesses adapted to new operational norms and consumer preferences for frozen treats endured.

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Looking ahead, the commercial ice cream freezers market is expected to continue evolving with ongoing innovations in freezer technologies and a focus on sustainability. Manufacturers are likely to explore materials and designs that contribute to energy efficiency and environmental responsibility. The market will also play a role in supporting the broader trends in the food and beverage industry, such as the demand for artisanal and premium ice cream products, driving the need for specialized display and storage solutions. As the culinary landscape continues to diversify, commercial ice cream freezers will remain indispensable tools for businesses seeking to capture the attention and loyalty of ice cream enthusiasts worldwide.

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[triton-marketresearch]

Sustainability Trend Drive Plant-Based Food and Beverage Market

Triton Market Research presents the Global Plant-Based Food and Beverage Market report segmented by Type (Plant-Based Dairy Derivatives [Plant-Based Ice Cream and Frozen Desserts, Plant-Based Cheese, Plant-Based Yogurt, Plant-Based Creamer, Plant-Based Dairy Spreads and Dips], Plant-Based Meat Substitutes [Textured Vegetable Protein, Tofu, Tempeh, Mycoprotein, Seitan, and Other Meat Substitutes], Plant-based Nutrition/Snack Bars, Plant-based Bakery Products, Plant-based Beverages [Plant-Based Milk, Packaged Smoothies, Coffee, Tea, Other Plant-Based Beverages], Other Plant-Based Products), Ingredient (Soy, Wheat, Pea, Coconut, Almond, Cashew, Other Ingredients), Storage (Frozen, Refrigerated, Shelf-stable), Sales Channel (Offline Sales channel [Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Other Offline Sales Channels], Online Sales channel), and Regional Outlook (North America, Middle East and Africa, Asia-Pacific, Europe, Latin America). 

The report further includes the Market Summary, Industry Outlook, Impact Analysis, Key Insights, Porter’s Five Forces Analysis, Market Maturity Analysis, Industry Components, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

According to Triton’s analysis, the revenue of the plant-based foods and beverage market is predicted to rise with a CAGR of 10.91% during the forecast period 2023-2030.

Plant-based food is a final product comprising ingredients like vegetables, fruits, whole grains, nuts, seeds, and legumes (peas, beans, pulses, etc.). Animal welfare, health consciousness, and sustainability trends have increased the demand for plant-based alternatives.

Due to the production process requiring specialized equipment and technology, the market faces the major challenge of the high cost of plant-based products. Companies trying to meet the demand for plant-based alternatives need substantial investments in research and development. These factors contribute to higher product costs, creating barriers for consumers seeking affordable plant-based options.

Despite these challenges, the availability of sustainable products, recyclable packaging, revolutionary manufacturing procedures, and innovation in plant-based product offerings creates lucrative opportunities for the plant-based food and beverage market.

Asia-Pacific is expected to witness the fastest growth in the plant-based food and beverage market. The region’s large population and rising disposable incomes drive the demand for varied food options. In this regard, growing awareness of the environmental impact of animal agriculture and concerns about animal welfare drive consumers towards plant-based alternatives. Governments promote plant-based diets as part of their sustainable development strategies, further boosting market growth.

The key companies thriving in the plant-based food and beverage market are Nestlé SA, General Mills Inc, Danone SA, Conagra Brands Inc, The Hain Celestial Group Inc, Blue Diamond Growers, The Archer-Daniels-Midland Company (ADM), Meatless Farm, Amy’s Kitchen Inc, Beyond Meat Inc, Campbell Soup Company, Impossible Foods Inc, Daiya Foods Inc, Living Harvest Foods Inc, and KeVita Inc. The high bargaining power of buyers in the plant-based food and beverage market poses a threat to manufacturers. With established industry players and numerous choices, buyers can demand high-quality products at lower prices. The ease of switching between brands further amplifies the power. Additionally, consumers’ inclination to experiment and change preferences increases the leverage. This heightened bargaining power can pressure manufacturers to meet buyer demands, potentially impacting their profitability and market share.

[market-insider]

The Future of the North America Wheat Protein Market

The North America wheat protein market size is expected to reach USD 3.37 billion by 2030. The product demand is anticipated to be driven by several factors including increasing demand for plant-based protein products, growing consumer interest in healthy food choices, and rising demand for wheat protein in various end-use industries, such as food and beverage, cosmetics, and personal care. In addition, the growing popularity of vegan and vegetarian diets in the region has contributed to market growth. Protein ingredients have major applications in sports nutrition, dietary and nutraceutical supplements, beverages, and animal feed. Dairy proteins are especially in demand for milk-based products like ice creams, frozen desserts, and confectionery due to their texture and taste.

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However, the increasing lactose intolerance among consumers poses a challenge to the dairy protein ingredient market. Nonetheless, the demand for dairy-based proteins, such as whey proteins, remains strong as they are integral components of various end-use products like salad dressings, bakery foods, medical nutrition products, and sports nutrition items. Rapid urbanization and changing consumer dietary habits, with a preference for proteins and amino acids among the most popular ingredient classes, support the growth. The demand for on-the-go protein snacks and protein-based functional beverages is on the rise, which also boosts the product in these applications. The growing health consciousness among consumers and the elderly demographics’ shift toward preventive healthcare have fueled the demand for protein ingredients. Moreover, increasing demand for protein-based ready-to-drink beverages, nutrition bars, and powders among sports enthusiasts supports market growth.

[pearlsmith25]

Artisanal Ice Cream Market: Savoring the Distinctive Flavors of Crafted Frozen Desserts

The artisanal ice cream market is a thriving segment within the frozen dessert industry. Artisanal ice cream is known for its high-quality ingredients, unique flavors, and handcrafted production process. Unlike commercially produced ice cream, artisanal ice cream is typically made in small batches, often by independent or small-scale producers. It has gained popularity among consumers who value premium quality, indulgent flavors, and a more personalized and unique ice cream experience.

Market Size and Growth:

The artisanal ice cream market has experienced significant growth in recent years. Factors such as changing consumer preferences, increasing disposable incomes, and a growing interest in premium and natural food products have contributed to the market's expansion. According to market research, the global artisanal ice cream market was valued at approximately $XX billion in 2022 and is projected to reach $XX billion by 2027, growing at a CAGR of XX% during the forecast period.

Market Segmentation:

The artisanal ice cream market can be segmented based on various factors, including flavor, distribution channel, and region.

Flavor:

• Traditional Flavors: Vanilla, chocolate, strawberry, coffee, etc. • Exotic and Unique Flavors: Salted caramel, lavender, matcha green tea, cardamom, etc. v Seasonal Flavors: Pumpkin spice, peppermint, eggnog, etc. • Customized Flavors: Specialty flavors created based on consumer preferences or local ingredients.

Distribution Channel:

• Artisanal Ice Cream Parlors: Independent ice cream shops, cafes, and dessert parlors offering handcrafted ice cream. • Supermarkets and Hypermarkets: Artisanal ice cream brands available in the frozen dessert section of larger retail stores. • Online Retail: E-commerce platforms and direct-to-consumer online sales.

Region:

North America: United States, Canada, Mexico. Europe: United Kingdom, Germany, France, Italy, Spain, etc. Asia Pacific: China, India, Japan, Australia, South Korea, etc. Latin America: Brazil, Argentina, Colombia, etc. Middle East and Africa: UAE, Saudi Arabia, South Africa, etc.

Market Drivers:

Several factors are driving the growth of the artisanal ice cream market:

• Increasing Consumer Demand: Consumers are increasingly seeking unique and indulgent food experiences, driving the demand for artisanal ice cream with its wide range of flavors and high-quality ingredients. • Premiumization Trend: Consumers are willing to pay a premium for artisanal ice cream due to its perceived higher quality and craftsmanship compared to mass-produced alternatives. • Health and Wellness Consciousness: Artisanal ice cream brands often prioritize using natural and organic ingredients, appealing to health-conscious consumers who want to indulge without compromising on quality or taste. • Social Media Influence: The rise of social media platforms has provided a platform for artisanal ice cream brands to showcase their visually appealing products, driving consumer curiosity and demand. • Growing Interest in Local and Handcrafted Products: Consumers are increasingly interested in supporting local businesses and seeking products with a story behind them, contributing to the popularity of artisanal ice cream.

Challenges:

While the artisanal ice cream market presents significant growth opportunities, it also faces several challenges:

• High Production Costs: The use of premium ingredients and small-scale production can result in higher production costs, making it challenging to compete with larger, commercially produced ice cream brands on price. • Shelf Life and Distribution: Artisanal ice cream often lacks the preservatives and stabilizers found in mass-produced alternatives, resulting in shorter shelf life and more complex distribution logistics. • Seasonal Demand: Artisanal ice cream brands may experience fluctuations in demand due to seasonal preferences, requiring effective marketing strategies and product diversification to maintain sales throughout the year. • Competition from Established Brands: Large ice cream manufacturers may introduce premium or artisanal-style products to capture market share, posing a challenge for smaller artisanal producers.

Conclusion:

The artisanal ice cream market continues to witness robust growth, driven by evolving consumer preferences, a desire for unique and high-quality food experiences, and the premiumization trend. Despite facing challenges, artisanal ice cream brands can differentiate themselves through innovative flavors, locally sourced ingredients, and a personalized customer experience. With the right marketing strategies and product offerings, artisanal ice cream producers have the potential to carve out a significant market share and cater to the growing demand for indulgent and unique frozen desserts.

[pranalipawarshinde]

Fat Replacers Market Size, Globally Demand by 2031 | W Hydrocolloids, Inc., Gelymar, Aquarev Industries, and MCPI Corporation

Global Fat Replacers Market report from Global Insight Services is the single authoritative source of intelligence on Fat Replacers Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activitiesin the market.

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A fat replacer is an ingredient that can be used in place of all or some of the fat in a food product. Fat replacers are often used in foods that are high in fat, such as baked goods and fried foods. Fat replacers can be made from a variety of ingredients, including protein, carbohydrates, and fiber. Some fat replacers are calorie-free, while others may have a few calories per serving.

Key Trends

Over the past few years, there has been a growing trend in the use of fat replacers in food products. Fat replacers are substances that can be used in place of fat to reduce the calorie content of a food. There are a variety of fat replacers available on the market, including those made from carbohydrates, proteins, and fats.

One of the most popular fat replacers is carbohydrate-based. These products are typically made from maltodextrin, a type of carbohydrate that is easily digested and has a high solubility. Carbohydrate-based fat replacers are often used in baked goods, as they can provide a similar texture and mouthfeel to fat.

Protein-based fat replacers are another type of fat replacer that is growing in popularity. These products are typically made from whey protein, a type of protein that is rich in amino acids. Protein-based fat replacers are often used in products such as yogurt and ice cream, as they can provide a creamy texture.

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Key Drivers

The key drivers of the fat replacers market are the increasing prevalence of obesity and chronic diseases, such as heart disease, stroke, and diabetes. The rising awareness of the health benefits of reducing fat intake is also a key driver of the market. Other drivers include the increasing demand for low-fat and healthy food products, and the growing food and beverage industry.

Market Segments

The fat replacers market report is bifurcated on the basis of type, source, application, and region. On the basis of type, it is segmented into carbohydrate, protein, and fat. Based on source, it is analyzed across plants and animals. By application, it is categorized into bakery & confectionary, processed meat products, dairy & frozen desserts, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Player

The fat replacers market report includes players such as DuPont, Cargill, CP Kelco , Ashland Inc., Ingredion, Ceamsa, W Hydrocolloids, Inc., Gelymar, Aquarev Industries, and MCPI Corporation.

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[bhavesh2022]

Agar-Agar Market Size Projected To Reach US$ 459,415.30 thousand and Growing at a CAGR of 5.1% By 2027

According to our latest market study on "Agar-Agar Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Form and Application," the market is expected to grow from US$ 323,657.68 thousand in 2021 to US$ 459,415.30 thousand by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.

Agar-agar is a hydrocolloid found in red algae seaweeds. It has many applications in various end-use industries, such as food & beverages, pharmaceuticals & nutraceuticals, personal care, and biomedical. In the food & beverage industry, it is used as a thickener and gelling agent in various food products, including icings, bakery fillings, cake glazes, jellies, jams, marmalades, ice-creams, and dairy products. It is also used in beers, wines, and juices as a clarifying agent. Agar-agar can effectively substitute gelatin owing to its excellent gelling properties. Moreover, agar-agar is used as a gelling agent and stabilizer because it is derived from seaweeds in several vegan food products.

The development of animal immunisations and antibiotics has led to a significant revolution in industrial livestock production. The Food and Agriculture Organization (FAO) estimates that industrial livestock farming is the source of more than half of the world's pork and poultry, one-tenth of its beef and mutton, and more than two-thirds of its egg supply. Worldwide expansion of industrial livestock production has increased demand for highly nutrient animal feed products. Great quality animal feed products are in high demand due to the rise in the industrial production of mutton, beef, hog, and poultry over pasture and mixed farming. By utilising economies of scale, industrial livestock production has made it possible to produce a large amount of meat at a low cost. Low-cost access to dairy and meat products has increased demand, which in turn has fueled the expansion of the industrial livestock production sector. The need for high quality animal feeds used in the rearing of a variety of livestock, including cattle, swine, goats, chicken, fish, and shrimp, among other species, has increased as a result of the industrial livestock production sector's vigorous rise. Industrial livestock production is vital in supplying the world's population with the nutrition they need, which has caused industrial livestock farms to proliferate and increased sales of animal feed.

The veganism trend is growing rapidly, especially across Europe, North America, and Asia-Pacific. People prefer plant-based foods due to increasing awareness regarding animal protection, environmental sustainability, and increased attachment toward animals. Rising veganism across the globe is creating opportunities for plant-based food products and ingredients. Agar-agar is the vegan substitute for gelatin and is used in a wide range of food and beverages such as bakery products, candies, jellies, frozen desserts, ice-creams, jams, marmalades, icings, fillings, coatings, beers, wines, fruit juices, etc. It is widely employed in vegan-friendly food products. Thus, the rapid growth of veganism is projected to offer lucrative growth opportunities for the agar-agar market over the coming years.

A few players operating in the agar-agar market are GINO BIOTECH; CV. AGAR SARI JAYA; PT. Agar Swallow; HUGESTONE ENTERPRISE CO., LTD; JUSTCHEM INTERNATIONAL LIMITED; Meron Group; PT. AGARINDO BOGATAMA; PT Kappa Carrageenan Nusantara; PT SURYA INDOALGAS; ROLAND FOODS, LLC among few others.

Based on form, the agar-agar market is segmented into flakes, powder, and others. Based on application, the market is segmented into food & beverages, pharmaceuticals & nutraceuticals, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

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[teeresearch]

Frozen Food Market - Forecast 2023 - 2028

Frozen Food Market Overview

The Frozen Food Market size is estimated to reach $383.3 billion by 2028, growing at a CAGR of 5.5% during the forecast period 2023-2028. The surging impulse buys of frozen foods are set to drive the Frozen Food Market. The soaring evolution from the sale of frozen fruits & vegetables to frozen vegetable mixes, frozen desserts and bakery products is set to propel the growth of the Frozen Food Industry during the forecast period. Frozen food products may include frozen fruits & vegetables, frozen dairy products like frozen yogurt, frozen meat & seafood and more. Only good quality raw materials can create good quick-frozen vegetables. As per Impulse Buying Statistics on Brandongaille.com, up to 20% of the average household’s grocery bill is derived from items that were bought on impulse only. Frozen foods may feature on the list of impulse buys. The frozen dessert industry has evolved to include Keto ice cream by Mammoth Creameries as well as sentimental and Gen Z-friendly Bubble Gum Ice Cream by Walmart. This represents the Frozen Food Industry Outlook.

Frozen Food Market Report Coverage

The “Frozen Food Market Report - Forecast (2023-2028)” by IndustryARC, covers an in-depth analysis of the following segments in the Frozen Food Market.

By Product Type: Frozen Fruits & Vegetables, Frozen Meat & Seafood, Frozen Cooked Ready Meals, Frozen Desserts, Frozen Snacks and Others.

By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Channels 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, Europe (Frozen Food market share) accounted for the highest revenue share in 2022 and it is poised to dominate the market over the period 2023-2028 owing to skyrocketing intake of frozen meat & seafood in the European region.

The growth of the Frozen Food Market is being driven by a soaring intake of frozen ready meals involving good quality raw materials. However, issues in the cooling chain may result in health complications which is one of the major factors hampering the growth of the Frozen Food Market.

The Frozen Food Market Detailed Analysis of the Strengths, Weaknesses and Opportunities of the prominent players operating in the market would be provided in the Frozen Food Market report.

Frozen Food Market Segment Analysis – by Product Type

The Frozen Food Market based on product type can be further segmented into Frozen Fruits & Vegetables, Frozen Meat & Seafood, Frozen Cooked Ready Meals, Frozen Desserts, Frozen Snacks and Others. The Frozen Cooked Ready Meals Segment held the largest share of the Frozen Food market in 2022. This growth is due to a surging intake of frozen cooked ready meals amidst the growing working class across the world. The soaring novel product launches are further propelling the growth of the Frozen Cooked Ready Meals segment. Furthermore, the Frozen Fruits & Vegetable segment is estimated to grow at the fastest CAGR of 6.3% during the forecast period 2023-2028 due to the increasing inclination of consumers towards frozen fruits & vegetables attributed to the non-requirement of washing, peeling and chopping amidst the increasing predominance of lifestyle ailments.

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Frozen Food Market Segment Analysis - by Distribution Channel 

The Frozen Food Market based on distribution channels can be further segmented into Supermarkets and Hypermarkets, Convenience Stores, Online Channels and Others. The Supermarkets and Hypermarkets Segment held the largest share of the Frozen Food market in 2022. This growth is owing to the surging count of these stores across different regions, marketing distinct frozen products like frozen meat & seafood, frozen dairy products and more. The effortless access to frozen products under one roof is further propelling the growth of this segment. Furthermore, the Online Channels segment is estimated to grow at the fastest CAGR of 6.5% during the forecast period 2023-2028 owing to the skyrocketing application of eCommerce-based websites for the purchase of frozen products like frozen meat & seafood, frozen dairy products, frozen fruits & vegetables and frozen desserts online at just click of a button.

Frozen Food Market Segment Analysis - by Geography

Europe dominated the Frozen Food market with a 37% share of the overall market in 2022. The growth of this region is driven by enhanced living standards in the European region. The soaring demand for frozen food products made from good quality raw materials is further propelling the growth of the Frozen Food Industry, thereby contributing to the Frozen Food Industry Outlook, in the European region. Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR over the forecast period 2023-2028. This growth is fueled by factors like the increasing demand for frozen dairy products in the Asia-Pacific region. The rising accessibility of dairy-free, vegan, sugar-free, gluten-free and plant-based products is further fueling the progress of the Frozen Food Market in the Asia-Pacific region.

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Frozen Food Market Drivers

Surging Innovations in Frozen Fruits & Vegetables:

Frozen fruits are stored at about 20°C for application whenever needed. Innovation around health indicated an idea of “low” or “free” like “low fat” and “fat free” products. There are products enhanced with fiber, probiotics, vitamins and minerals. There are products presumed to “naturally” offer advantages. This is accomplished by the application of specific constituents like “superfruits” like acai, goji, guarana and more; “supervegetables” like kale, cabbage kale, garlic and more and “supergrains” like chia, sesame, buckwheat and more. The surging innovations in frozen fruits & vegetables are therefore fueling the growth of the Frozen Food Market during the forecast period 2023-2028.

Novel Product Launches Pertaining to Packaging Materials for Frozen Food Products:

In June 2022, Walki introduced novel recyclable packaging materials for frozen food products. The novel materials are anticipated to fit the requirements of the frozen food industry, with a target to make the packaging 100% recyclable in the paper stream. Walki’s novel series involves Walki EVO Seal and Walki Opti Seal which are recyclable paper-based packaging aimed for pillow pouches for frozen food. As per the company, both materials are appropriate for all types of frozen food, involving vegetables, seafood and bakery products. The novel product launches pertaining to packaging materials for frozen food products are propelling the growth of the Frozen Food Industry, thereby contributing to the Frozen Food Industry Outlook during the forecast period 2023-2028.

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Frozen Food Market Challenge

Taste of Frozen Food Not as Great as Fresh Food:

As per Seafood Consumption Statistics on Brandongaille, 75% of the seafood that is consumed in the U.S. is either fresh or frozen. Frozen food may not taste as great as fresh food. There are restricted assortments of frozen dishes. Texture may be changed when freezing food. The food in the freezer may be out of one’s mind for numerous years. If the food is deposited in the freezer for too long, it may no longer be edible or at least, it may no longer taste that good. Certain frozen dishes include preservatives. Certain foods may lose valued nutrients and vitamins. These issues are thus hampering the growth of the Frozen Food Market.

Key Market Players 

Novel product launches, partnerships, acquisitions, expansions and investments are key strategies adopted by players in the Frozen Food Market. The top 10 companies in the Frozen Food market are:

Unilever

Nestlé S.A.

General Mills, Inc.

Nomad Foods Limited

Tyson Foods, Inc.

Conagra Brands, Inc.

Wawona Frozen Foods

Kellogg Company

The Kraft Heinz Company

Lantmännen Unibake (Lantmännen Group)

Recent Developments

In October 2022, Nestlé declared plans to gain Seattle’s Best brand from Starbucks. It was to be included in the coffee portfolio involving Nescafé, Nespresso and Blue Bottle. Starbucks purchased Seattle’s Best in 2003.

In May 2022, Unilever declared that it has marked an agreement to gain a majority stake in Nutrafol. Nutrafol is the principal provider of hair wellness products. Unilever currently holds a minority stake (13.2%) in Nutrafol by way of Unilever Ventures.

In January 2021, Unilever declared 25 novel innovations across six of its packaged ice cream and frozen novelty brands. These involved Breyers®, Good Humor®, Klondike®, Magnum ice cream®, Popsicle® and Talenti® Gelato & Sorbetto. These novel creations are currently available at principal retailers countrywide in the U.S., as per a press release. 

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[expert-market-research]

NORTH AMERICA ICE CREAM MARKET TO BE DRIVEN BY VAST DEMAND FOR TASTY AND HEALTHY TREATS IN THE FORECAST PERIOD OF 2021-2026

The new report by Expert Market Research titled, ‘North America Ice Cream Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the North America ice cream market, assessing the market based on its segments like flavour, category, type, distribution channel, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 62.3 billion (Global Ice-Cream Market) • Forecast CAGR (2021-2026): 7.5% (Global Ice-Cream Market) • Forecast Market Size (2026): USD 96.1 billion (Global Ice-Cream Market)

The North America ice cream market is driven by innovation and advancement in technology. Both United States and Canada have voluminous demand for ice-creams with variety of unconventional and flavourful ice creams. The advanced technologies have made it easier for market players to meet these demands with the use of convenient equipment. It is much easier to whisk, process and package products. Mix and match of different ingredients like chocolate chip and mint, salted caramel, or vanilla with swirls of peanut butter are just some from the list. The demand for diet ice-creams at par with any other regular ice cream but still fulfills the purpose of healthy eating. From non-fat to gluten free, lactose free or sugar free ice creams, all the types witness voluminous demand. Purely organic and natural ice creams with no artificial colours or preservatives also have high demand among the consumers.

North America Ice Cream Market Industry Definition and Major Segments

Ice cream is a dessert in frozen form and is mainly made from milk and sugar mixed and processed together with additional flavourings, like vanilla, strawberry, butterscotch, mango, or the widely loved and preferred chocolate, among many others. It has a very creamy texture and is sweet in taste.

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Based on the flavor, the market is divided into:

• Chocolate • Fruit • Vanilla • Others

The categories include the following:

• Impulse Ice Cream • Take-Home Ice Cream • Artisanal Ice Cream

Serving types are listed as follows:

• Cup • Stick • Cone • Brick • Tub • Others

Distribution channels used for product availability are:

• Supermarkets and Hypermarkets • Convenience Stores • Ice Cream Parlours • Online Stores • Others

The regional markets for North America are:

• United States • Canada

North America Ice Cream Market Trends

Health and weight management in recent times are given heavy priority. People invest a lot of time and money choosing products that are healthy and tasty at the same time and do take a toll on their body. With the rise in this conscious consumerism, the ice cream industry has shifted to focus on nutrition alongside taste. The market can be seen flooded with huge line of flavours differentiated based on different parameters. Milk used can be dairy, from cow or buffalo, or non-dairy like soy, cashew, almond or any other plant-based milk. This helps the vegan consumers choose accordingly. Sugar is the important aspect that today people want to avoid, therefore, giving rise to ice-creams made of natural sweeteners like honey. The choice of healthier ice-creams is on a massive rise.

Key Market Players

The major players in the market are BR IP Holder LLC (Baskin Robbins), Nestle SA, Unilever Plc, Turkey Hill Dairy, Blue Bell Creameries, L.P., Wells Enterprises Inc., and David Chapman’s Ice Cream Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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[jayu123-me]

Edible Glitter Market to Witness Growth Acceleration During 2028

Market Outlook

Edible glitters are solids obtained from natural and chemical ingredients to augment sparkle and luster to the foods and beverage products added. Edible glitters are referred to collection of tiny particles, fragments, or any other suitable natural or synthetic substance, and particularly such materials characterized as being capable of reflecting, or scattering light, or offering a multicolor effect.

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Edible glitter is commonly used in bakery products and especially cakes. Rise in demand for customization in bakery products especially during various occasions like birthdays, weddings, engagement, baby shower, parties, Christmas, Easter, and others. Symbolization and significance of each event or unique requirements of consumers call for broader availability of edible glitter colors and forms. Cornstarch, Gum-Arabic, Maltodextrin, and Sugars are commonly used in edible glitter that is generally approved for food-use. Labeling is crucial in Edible glitters which should include the features like Non-Toxic, Food Contact Glitter, for removable decorations and others.

Reasons for Covering this Title

Edible glitter is an evolving segment in food and beverages and specifically in bakery products. Often there has been misperception over edible and non-edible glitters and also with the edible glitter which are food contact glitter, which are removable decorations and non-toxic. The report offers a detailed analysis of the edible glitter covering all the aspects with detailed classification and ingredients, end-uses, forms, and colors.

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The study provided in the edible glitter includes investment opportunities with market size, growth rates, and factors affecting the supply and demand, regulations and consumer trends.

The report also comprises of developing technologies, indicating innovations in edible glitter briefing about the growing segments or stages driving higher attention in product launches. Europe is expected to rule the edible glitter market over the forecast period backed by having the most significant market share in global bakery market ~28% followed by North America ~27%. The report encompasses in a detailed study about the segments and sub-segments of edible glitter.

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Global Edible Glitter: Market Segmentation

On the basis of Primary Ingredient, the global Edible Glitter market has been segmented as –

Gum Arabic

Maltodextrin

Cornstarch

Sugar

Chemicals

Others

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On the basis of End-Use, the global Edible Glitter market has been segmented as –

Bakery Products & Confectionery

Breakfast Cereals

Beverages

Frozen Desserts & Ice-Cream

Chocolate

Dietary Supplements

Others

Cakes

Cookies

Cupcakes

On the basis of Form, the global Edible Glitter market has been segmented as –

Dust (Sanding Sugars)

Geometric Solids

Flakes

Spray

Others

On the basis of Color, the global Edible Glitter market has been segmented as –

Gold

Silver

Multicolor

Others (White, Pink, Orange, Purple, Red, Blue, Green)

Global Edible Glitter Market: Key Players

Some of the key players operating in the global Edible Glitter market are CK Products, Wilton Brands, LLC, Ultimate Baker, Linnea’s Cake & Candy Supplies, Inc. CakeSupplyShop, Watson Inc. and others.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

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[rupalic]

Cold Chain Market Trends and Forecast

According to MarketsandMarkets, the "Cold Chain Market by Application (Fruits & Vegetables, Dairy & Frozen Desserts, Fish, Meat & Seafood, Bakery & Confectionery), Temperature Type (Frozen, Chilled), Type (Refrigerated Transport, Refrigerated Warehousing), Region - Global Forecast to 2025", size is estimated to be valued at USD 233.8 billion in 2020 and projected to reach USD 340.3 billion by 2025, recording a CAGR of 7.8%, in terms of value. The rise in consumer awareness to mitigate food wastage and the increasing consumer demand for convenience food & beverages with increased shelf-life has been boosting the cold chain market, globally. Governments of numerous countries have been bolstering the infrastructure investment of the cold chain, which has been augmenting the cold chain market growth. COVID-19 Impact on the Cold Chain Market The pandemic has created a positive impact on the cold chain industry, resulting in fueling the demand for cold chain warehousing. The increasing adoption rate of packaged food & beverage products is a promising take for the growth of the cold chain in the food industry. The COVID-19 impacted the supply chain of every industry due to restricted trade during the pandemic, resulting in food manufacturers emphasizing not only on food products, but also on their storage to increase their shelf-life, which is expected to propel the market for the cold chain. The outbreak of COVID-19 has created a shift toward an organized retail market for preventing any further virus outbreaks. Consumers have stockpiled processed food products with a long shelf life to perishable foods, and restricted trade movements between countries have resulted in surpassing cold chain storage capacities in certain countries. These developments underscore the need for the food value chain to move from open-air markets to a cold-chain model that preserves perishable items for a longer duration. These factors are expected to propel the demand for cold chains during the forecast period. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=811 The bakery & confectionery application segment is projected to witness significant growth during the forecast period. Based on the application, the cold chain market is dominated by dairy & frozen desserts. However, the bakery & confectionery segment is among the fastest-growing segment during the forecast period. Temperature monitoring is a key aspect of quality control and food safety for various bakery and confectionery products. Refrigerated warehousing is used for bakery & confectionery products, which include bread, cakes & pastries, pizza crusts, waffles, biscuits, cookies, pastry shells, bagels, pretzels, and donuts. The increasing demand for convenience foods has led to a growing demand for frozen bakery & confectionery products. The temperature range of frozen bakery & confectionery products plays an important role in maintaining product quality. Asia Pacific and North America are the two regions expected to drive the market for bakery & confectionery products. The frozen temperature type segment is projected to account for a major share in the cold chain market during the forecast period By temperature type, the cold chain market is dominated by the frozen segment. The products that move through the cold chain are either chilled or frozen. Chilling involves reducing the temperature to below ambient temperatures but above –1°C. Chilled products include fresh meat & poultry, dairy products, and fruits & vegetables. Frozen products include ice cream and meat & seafood. A typical temperature range for frozen food products is –18° to –25°C. With the development of technology, there are wide options available such as chillers, blast freezers, individual quick freezing (IQF), and freeze dryers to maintain cold conditions and better food handling, processing, storage, and transportation. What are some of the key technologies which are driving growth in the market? Real-time data: Maintaining the quality of food is a major concern for manufacturers as well as service providers. Retailers and suppliers can now ensure the quality of food in transit by maintaining an optimum temperature setting. Sensors using IoT devices and cloud-based software applications can help to remotely monitor and track refrigerated cargo containers. These sensors respond to temperature fluctuations that may impact perishable goods or medicines. Cloud platforms: Cloud platforms provide real-time data and collectively analyze and share the data where and when required. Organizations can use this data to unlock the business value across the cold chain. This helps in reducing waste, maintaining brand equity, and gaining larger returns on investment (ROIs). Solar energy: Solar energy is another promising solution to meet the storage and transportation needs of food products. There are solar direct-drive refrigerators that are based on solar energy. These solutions help store, monitor, and transport temperature-sensitive products at appropriate temperatures, even in hot climates, with major electricity fluctuations. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=811 Asia Pacific to account for the fastest-growing and largest market at a CAGR of 13.1% during the forecast period The cold chain market in this region is estimated to witness robust growth propelled by the economic developments of countries such as China, India, Japan, and Australia. The shift of industrialization and investments in Asia Pacific has grown substantially over the past decade, especially in China and India, contributing to rapid economic growth. Countries such as India, Japan, China, and South Korea have a strong demand for dairy and meat products, which has led to the strong demand for preserving the quality and nutritive element in the products, which drive the market for cold chain in the region.

[foodsindustry]

Dairy Alternatives Products Market 2021: Business Prospects, Forthcoming Developments and Future Investments to 2024

The global dairy alternatives products market analysis is rising continually. Market is majorly driven by the rising prevalence of lactose intolerance disorder worldwide. Besides, the increasing popularity of plant-based dairy worldwide pushes market growth. There have been many researches to approximate the taste of non-dairy as close as dairy products. Investments made to drive these efforts (R&D), in turn, foster the growth of the market.

Furthermore, improvements/upgrades in manufacturing technologies foster market growth. Increased shelf life is a crucial factor in increasing consumer preferences. As a result, industry players continually invest in R&D to improve the performance of preservers.  Moreover, the growing consumption of non-dairy products in the food and beverage industries accelerates market growth.

According to Market Research Future (MRFR), the global dairy alternatives products market is estimated to garner a valuation of USD 2.1 BN by 2024, growing at 6.3% CAGR during the forecast period (2019–2024). Also, increasing veganism and demand for protein creates enormous market demand. Increasing health-conscious populaces, alongside the pervasively rising lactose intolerance disorder, predominantly boosts the growth of the market.

Besides, substantial R&D investments bolster market growth exponentially. Also, the availability of dairy-free products in convenient packaging and extensive distribution channels such as eCommerce platforms increase market sales. Increasing consumption of dairy alternatives in frozen desserts like dairy-free yogurts and ice creams boosts market growth.

On the flip side, the availability of various counterfeited, low-cost products is a key factor projected to impede the market growth. However, increasing consumer inclination towards vegan diets would support the growth of the market throughout the review period, creating enormous market demand. Also, increasing consumption of dairy-free products in the burgeoning food industry, including bakery and confectionaries, provides impetus to the growth of the market.

To get more info: https://www.marketresearchfuture.com/press-release/dairy-alternatives-market-dairy

Dairy Alternatives Products Market   - Segments

The report is segmented into four dynamics;

By Source                            : Soy, Almond, Coconut, Rice, Oats, and others.

By Type                                : Milk, Cheese, Yoghurt, Ice Creams, and others.

By Distribution Channel: Store-Based (Supermarkets & Hypermarkets, Convenience Stores and others) and Non-Store-Based.

By Regions                          : Europe, Americas, Asia Pacific, and Rest of the World.

Dairy Alternatives Products Market   - Geographical Analysis

North America dominates the global dairy alternatives products market.  The increasing lactose intolerance occurrences foster the largest market share among demographics.  Also, industry players' strong presence and the availability of innovative dairy-free and alternative lines in the region drive market growth. Furthermore, increasing consumer inclination for a vegan diet and the rising popularity of plant-based milk propels the growth of the regional market.

Europe stands second in the global dairy alternatives products market.  The region perceives a spurting rise in consumers of alternative dairy products. Market growth is majorly bolstered by the augmenting demand for plant-based health drinks and increased exports. Besides, advances in derivation techniques and the rising prevalence of lactose intolerance in the region increase the market size.

The dairy alternatives products market in the Asia Pacific region is proliferating. Lactose malabsorption disorder leading to lactose intolerance symptoms such as diarrhea and bloating is prevailing rapidly in Asian countries. Furthermore, increasing consumption of dairy-free and plant-based dairy products and changing consumer preferences drive the regional market growth.

Global Dairy Alternatives Products Market   - Competitive Analysis

Highly competitive, the dairy alternatives products market appears fragmented due to the presence of many notable players. To gain a larger competitive share, market players initiate strategies such as collaboration, mergers & acquisitions, and innovations/ product launch. Substantial investments are transpired to drive R&D required for product development and improve the existing portfolio.

Also, a large share of investments is used to expand global footprints. Matured players acquire or form partnerships with promising companies from emerging markets. Moreover, they tie-up with e-commerce companies to sell and create awareness about their products among consumers.

Major Players

Players leading the global dairy alternatives products market include The Hain Celestial Group (US), The Whitewaves Food Company (US), Blue Diamond Growers (US), Sanitarium Health and Wellbeing Company (Australia), Sunopta (Canada), Freedom Foods Group (Australia), Nutriops S.L. (Spain), Eden Foods (US), Earth's Own Food Company (Canada), Valsoia S.P.A(Italy), Triballat Noyal (France), Dohler GmBh (Germany), Tofutti Brands Inc. (US), Panos Brands LLC (US), Organic Valley (US), Daiya Foods Inc. (Canada), and Galaxy Nutritional Foods, Inc. (US), among others.

Industry/ Innovation/ Related News:

July 09, 2020 ---- Motif FoodWorks announced partnerships with two leading chemical and mechanical engineering universities – the University of Illinois at Chicago and the University of Illinois at Urbana-Champaign to better understand and design the rheological properties of plant-based foods. The ingredient innovation company, Motif FoodWorks, has been working to make plant-based food better, more tasteful, and more nutritious, researching the rheological properties that govern plant-based foods material properties. The partnership enables Motif to develop novel insights from these techniques, ultimately improving its ability to formulate better-tasting plant-based meat and dairy analogs.

[sanjay-chem]

Plant Based Ice-Creams Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

Growth of the global plant-based ice-creams market will be marginally lower than its revenue growth as the market is expected to reflect of a volume CAGR of 9.1% and a value CAGR of 9.3% over the forecast period. Demand for cups or tubs of plant-based ice-creams, on the other hand, will rise as global sales recorded in this product segment will contribute to nearly 30% of global market value by the end of 2031.

As per newly released data by Future Market Insights, plant-based ice cream sales will rise consistently at 9.3% CAGR between 2021 and 2031. Driven by surging focus on veganism, the plant-based ice cream market valuation is forecast to surpass US$ 1,492.5 Mn in 2021.

Despite challenges posed by covid-19 outbreak, the market is likely to gain impetus, exhibiting 11.1% year-on-year growth in 2021.

Growth predictions remain positive for North America due to increasing concern towards animal welfare and environmental sustainability. Spurred by this, North America is anticipated to register a CAGR of around 9.7% during the forecast period 2021-2031.

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Key Points Covered In T Plant Based Ice-Creams Market Research

Market estimates and forecast 2021-2031

Key drivers and restraints impacting the  market growth

Segment wise, Country-wise, and Region-wise Analysis

Competition Mapping and Benchmarking

Brand share and Market share Analysis

Key Product Innovations and Regulatory Climate

Covid-19 Impact on Plant Based Ice Creams market And How to Navigate

Recommendations on Key Winning Strategies

Competitive Landscape

The report also profiles prominent players in the global plant-based ice-cream market, which include Ben & Jerry’s Homemade Inc., Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE (Danone), Oatly AB, Jollyum Co., The Booja-Booja Co., LITTLE BABYS ICE CREAM LLC, Klein’s Ice Cream Inc., and Frankie & Jo’s. Other key players in the market are observed to be Happy cow ltd., Tofutti, Breyers, Dream, Nadamoo, ARCTIC ZERO, Inc., Snowflake Luxury Gelato, Wink Frozen Desserts, Nobó ltd., Imuraya Group Co. Ltd.

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Market Taxonomy

By Form

Singles

Blends

By Product Type

Bars

Cones

Cups/Tubs

Others

By Flavor

Fruits

Nuts

Herbs

Beans

Strawberry

Banana

Orange

Raspberry

Pomegranate

Lemon

Others

Coconut

Almond

Hazelnut

Others

Cinnamon

Mint

Peppermint

Others

Vanilla

Chocolate

Coffee

Others

By Source

Soy Milk

Coconut Milk

Almond Milk

Cashew Milk

Others

By Sales Channel

Direct Sales

Indirect Sales

Hyper/Supermarket

Franchise Outlet

Online

Other Retail Formats

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Key Questions Answered In The Report

How much is the plant-based ice cream market worth?Driven by increasing demand for vegan products, the plant-based ice cream market size is forecast to reach US$ 1492.5 Mn in 2021.

What was the last 5 year market CAGR of plant-based ice cream?CAGR exhibited by the plant-based ice creams market for the historical period (2016-2020) has been estimated at 9.1% in terms of value.

What is the market share of top 5 players in plant-based ice creams market ?The combined market share of top 5 players, including Ben & Jerry’s (Unilever Plc), SO DELICIOUS DAIRY FREE (Danone), Dream (Hain Celestial group ltd.), Oatly AB, Breyer’s, and Klein’s Ice cream is estimated to be around 20-25% of the overall market.

Which countries are key exporters of plant-based ice creams market ?The key exporters of plant-based ice cream market include the U.K., the U.S., Sweden, Italy, and Spain.

What is the North America Market Outlook?The demand for plant-based ice cream market is expected to rise at 9.7% in North America between 202 and -2031.

At what percentage will plant-based ice cream market o register growth in Europe?The demand for plant-based ice cream market is expected to rise at 10.4% CAGR in Europe  between 2021 and 2031.

Which countries are key producers of plant-based ice cream?The U.K., U.S., Sweden, Italy, and Spain are touted as the chief producers of plant-based ice cream market.

What is driving demand of plant-based ice cream market?Increasing inclination towards vegan culture among consumers is driving the growth of the plant-based ice cream market.

What are the key trends in the plant-based ice cream market?Shift towards almond and cashew nut milk, increasing inclination of Mexican consumers towards sour cream and impulse category ice cream, and inclination among consumers for plant-based ice cream products due to animal are the key trends prevalent in the market.

What are the key statistics for plant-based ice cream market in Japan and South Korea?Japan and South Korea will hold 7.2% and 5.2% of the plant-based ice creams market, respectively, in 2021.

[globalaircraftgalley]

Global Frozen Desserts Market Size and Challenges to 2027

Global Frozen Desserts Market will exhibit a growth rate of 6.13% for the forecast period of 2020-2027

  Global Frozen Desserts Material Market Analysis and Insights:

Easy availability of various food products, growing levels of disposable income of the people, introduction of various new innovative products, rising demand of low sugar content food will likely to enhance the growth of the frozen desserts market in the forecast period of 2020-2027. On the other hand, prevalence of local as well as international players will further boost various opportunities that will lead to the growth of the frozen desserts market in the above mentioned forecast period.

Rising awareness regarding health along with prevalence of vegan alternatives and dairy free products will hamper the growth of the frozen desserts market in the above mentioned forecast period.

Global Frozen Desserts Market Scope and Market Size:

On the basis of product type, the frozen desserts market is segmented into confectionary & candies, ice cream, frozen yogurt, tofu, cakes & pastries, and others.

Based on distribution channel, the frozen desserts market is segmented into supermarket/hypermarket, convenience stores, cafes & bakery shops, online, and others.

Global Frozen Desserts Market Country Level Analysis:

The countries covered in frozen desserts market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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Competitive Landscape & Global Frozen Desserts Market Share Analysis:

Frozen desserts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to frozen desserts market.

 Major Players:

 Nestlé, Unilever

General Mills Inc

Van’s International Foods, Inc.

Kellogg NA Co.

China Mengniu Dairy Company Limited.

16 HANDLES

 Major TOC of the Report:

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview  

Chapter Four: Executive Summary

Chapter Five: Premium Insight

Chapter Six: COVID-19 Impact on frozen desserts Market

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Tara Gum Market to Grow at a CAGR of 3.6% During the Forecast Period 2020-2025

Tara Gum Market size was valued as $325.3 million in 2019 and is poised to grow at a CAGR of 3.6% during the forecast period 2020-2025. Tara Gum is a hydrocolloid derived from a leguminous tree, which is found in Peru. Tara is also known as Caesalpinia Spinoza. Tara gum is a powder of the endosperm of the seeds of the Tara. Where this powder is soluble in hot water and is yellowish in color. The powder is moderately soluble in the cold water.

The demand for the Tara gum as Food Chemical Codex has approved it as a food additive. It is a natural ingredient and used in making ice cream, cheese, bakery products, sauces and dressings, desserts, yogurt, baby food, and ready soups. Another driving market factor is the rise in the price of the guar gum which has given an opening to the market of the Tara gum. Tara gum has been considered and accepted as the closest substitute of the guar gum.

By Application Type- Segment Analysis

The application type of Tara Gum Market is segmented based on Food & Beverages, Pharmaceuticals, Personal Care, Animal Feeds, and others. Increase in use of Tara Gum in preparation of sauces and condiments, processed fruit and vegetables, and dairy. In addition to F&B applications like liquid milk, frozen desserts, water-based flavored drinks, prepared dishes, mixed foods, and sauces and condiments has made the Food & beverage segment occupy the largest market share and is poised to continue for the forecast period (2020-2025) Pharmaceuticals segment is set to grow the fastest with a CAGR of 2.8% during the forecast period 2020-2025, owing to high demand from pharmaceuticals, industry for the production of various pharmaceuticals supplements is poised to drive the growth of this market over the forecast period 2020-2025. While Consumers becoming more conscious about health, the demand for healthy and all-natural food products is set to help in the growth of the market in the forecast period (2020-2025).

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By Geography - Segment Analysis

Geographically, the market is dominated by North America with a revenue share of 43% in the year 2019, owing to abundant availability of raw material required for producing Tara gum and innovative methods used by the industries. The market in Europe is poised to account for second-highest revenue share in the market, owing to high demand in food & beverage industries in countries in the region. The use of tara gum has only recently gained momentum in Asia and the Middle East and Africa and it is poised to grow rapidly in the future in the Asia Pacific.

Drivers – Tara Gum Market

Demand for Low-Cal and Low-Fat foods

The heightened demand for low-cal and low-fat foods is helping to increase the demand for Tara gum in every major national market. Another factor that is adding the advantage of the global Tara gum market is the rising guar gum prices, which created a favorable environment for the global Tara gum market. Tara gum is accepted as a close substitute for guar gum. In addition to this, the escalating demand for Tara gum in the worldwide F&B industry is poised to foster Tara gum demand, thus bolstering this market’s growth over the forecast period 2020-2025. The demand from the baby food segment is also set to help for the growth of the global Tara gum market.

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Challenges – Tara Gum Market

Lack of Availability

The production of Tara gum and availability of various synthetic gums in the market has not reached the demand and this is a key factor restraining the growth of the global tara gum market over the forecast period (2020-2025).

Tara Gum industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Tara Gum Market. Key companies of this market are Argos Peru SA, TIG corporation, Gomas y Taninos, Molinos Asociados S.A.C., KALYS, and Priya International.

Acquisitions/Product Launches:

In 2017, Ingredion acquired TIC Gums as well as Sun Flour Industry Co, and got Tic Pretested® Tara Gum 100. It used in combination with other hydrocolloids, can bring soft and stable gel structures to jams and jellies. In dairy, it can stabilise cream cheeses and prevent crystal formation in ice creams. It can also bring thickness and smooth creamy mouthfeel to soups and sauces.

Key Takeaways

Geographically, Tara Gum Market share is high in North America in 2019, owing to the presence of various manufacturers in the region.

Increasing demand for the Tara gum market in beverages as thickeners, gelling agents, and stabilizers and in cosmetics to produce skincare products are important factors expected to support the growth of the market.

The rising focus on research and development coupled with the briskly escalating demand for Tara gum in the worldwide F&B industry is set to increase Tara gum demand.

Related Reports :

A. Guar Gum Market

https://www.industryarc.com/Report/7483/guar-gum-market.html

B. Carrageenan Gum Market

https://www.industryarc.com/Research/Carrageenan-Gum-Market-Research-505943

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