Malt Ingredients Market with COVID-19 Impact Analysis, Top Companies, Market Growth, Trends, Service, Forecast To 2029

 According to a new study by FMI, sales of malt ingredients is expected to record a value of ~US$ 21 Bn in 2019, driven by increasing demand from food and beverage, pharmaceuticals, and personal care industries. In the food industry, it is used in many products such as bakery products, confectioneries, dairy & frozen food, and pet food, while in beverages, malt ingredients are used in brewing & distilling of non-alcoholic beverages and other healthy drinks.

Growing trend of adopting natural ingredients in food and beverage industry is directly impacting the demand for malt ingredients. They are associated with number of properties such as, rich in natural sugar constituents, a good source of fibre, low in fat, complex carbohydrate, more vitamins and protein, making them an ideal food and beverage ingredient.

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On the account of multiple beneficial properties, the demand for malt ingredients is also rising in pharmaceutical industry, for use in medicines and nutraceuticals. A recently published report reveals that the global malt ingredients market is projected to reflect a CAGR of ~5% over the forecast period of 2019-2029.

Gains Underpinned by Increasing Popularity of Malternatives

Malternatives are gaining significant traction as a substitute of beer, which contain malt alcohol in low proportion mixed with other types of alcohol. Wide acceptance of malternatives among the young and urban consumers is likely to complement the growth of the malt ingredients market. Hard lemonade, malt-based coolers, and a new breed of spirits are growing at a rapid rate, potentially raising the demand for malt ingredients.

• Bacardi silver is positioned as the only malternative with the flavor of rum and the product was launched with a full scale TV, radio, and print media campaigns.
• Key producers of malternatives include Anheuser-Busch Inc., Arizona Beverage Company LLC, Brown-Forman Corporation, Bacardi U.S.A. Inc., Molson Coors Brewing Company, and Cruzan Rum Distillery.

Factors Fueling the Malt Ingredients Market Growth

Non-alcoholic brews and malt bases of soft drinks are gaining popularity in Central Europe and the Middle East. Malt based beverages are alcohol-free and hence, are exactly lined up with halal regulations. This, in turn, is creating relatively high demand for malt ingredients, especially in Islamic and GCC countries, thereby contributing to the market growth.

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Although the demand for malt ingredient-based products continue to move on an upward spiral, fewer number of market players are unable to meet the growing demand in the current scenario. This, in turn, is likely to generate opportunity for new players to enter into the market and serve large segment of the consumers.

Malt is produced from the barley grains in a process called malting, and is used in the production of beer. Malt ingredients work as a source of starch, contributing to beer’s organoleptic and color characteristics. These ingredients also play an important role in preserving the oxidative stability of beer as the natural source of antioxidants. Growing awareness of these beneficial effects among consumers is likely to fuel the growth of the malt ingredients market.

During the process of malting and brewing of grains for the production of malt ingredients, the leftover by-products are utilized to feed animals. As it consists carbohydrate (Cellulose and hemicellulose) and protein even after the removal of sugar during brewing process. The utilization of by-product in animal feed industry is likely to work to the advantage of the malt ingredients market players.

Fusion Beverages Market Size by 2029: Global Demand and Regional Analysis

 Future Market Insights (FMI), in its new research study, outlines the uncharted corners and looming challenges prevalent in the global fusion beverages market in the next 5 years. According to the research study, the fusion beverages market is estimated to reach a valuation of ~ US$ 5.7 Bn in 2019, and is set to exhibit growth at ~ 6% CAGR during 2019-2029.

Rising trend of dietary assessments and consumer appetite for artful combinations of ‘taste’ and ‘wholesomeness’ are two prominent factors setting the stage for fusion beverages consumption in future.

The new-age consumers crave flavor experimentation in the food & beverage products they savor while being utmost mindful of the nutritional aspects. In this regard, fusion beverages have successfully carved out their spaces in the consumer wish lists and increasing affinity for functional beverages is further warranting their consumption over the years to come. However, overwhelming demands are likely to pressurize fusion beverage manufacturers to create a culture of consistent innovations and keep up with the changing consumer dynamics.

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With consumers putting forth their demands for beverages offering ‘multi-sensory’ experiences, fusion beverages are likely to see new opportunities coming their way in 2019 and beyond.

Tea & coffee and alcohol will continue commanding over ½ of the total market revenues, whereas demand for energy sports & drinks is buckling in the fusion drinks landscape, finds the FMI analyst. Off-trade sales currently account for a significant pie of overall market value, wherein non-alcoholic fusion beverages accounted for over 90% of the off-trade sales in 2018.

Product Innovation: The Elixir of Growth in Fusion Beverages Market

Manufacturers of fusion beverages will continue to draw upon the growing affinity for natural ingredients, which would further solidify their brand positioning by a wide margin. The transition toward beverages infused with natural ingredients and move away from the ones with added antioxidants is heading towards its peak, placing the onus on manufacturers to use high-quality natural ingredients in their offerings.

With online channels emerging as the ‘one-stop’ platforms for consumers to shop from a wide range of products at favorable prices, manufacturers are strengthening their online presence and focusing on competitive pricing to gain maximum ROI. Product innovation remains the elixir of growth in the market space, given that distinctive offerings will continue to underpin the relevance of manufacturers amid the competitive market space.

For instance, in 2019, The Coca-Cola Company announced the launch of a ‘coffee-infused’ cola drink – ‘Coca-Cola plus Coffee’ – in South Africa. This beverage is likely to be ‘one-of-its-kind’ offering the fusion of rich bold coffee aroma and mild sweetness with subtle caramel flavor, thereby adding to the well-regarded product portfolio of the company.

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According to the report, packaging will continue to be a crucial aspect for manufacturers to revitalize their brand personality. Companies active in the fusion beverages space will continue placing emphasis on ‘functional packaging’ – a win-win concept for manufacturers and consumers alike – wherein product transparency, clean label, and brand storytelling are the key considerations.

‘Smart packaging’ is anticipated as a big trend making its way into the global beverage packaging scene, and is likely to unfold in multiple fronts over the years to come. This trend is also likely to spread its roots into the fusion beverages market and bring new implications for the manufacturers to draw inferences from.

Fishmeal & Fish Oil Market to Garner US$ 19.3 Bn by 2029 at 6.7% CAGR, Says FMI

 The global fishmeal & fish oil market size is expected to reach US$ 19.3 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.7% CAGR between 2019 and 2029. Fishmeal and fish oil is increasingly used in swine, poultry diets to improve the productivity in aquaculture. This is the key factor enabling growth in the market.  The report presents an exhaustive overview of the global fishmeal and fish oil market, covering various factors enabling growth. The report also discusses in detail the factors creating obstructions to growth for the market.

Asia Pacific will exhibit high demand for fishmeal and fish oil. India and China are likely to emerge as lucrative markets, however, spread of coronavirus may create obstacles to growth,” said a lead analyst at FMI.

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It includes in-depth insights into the Fishmeal & Fish Oil market. Some of these are:

• The estimated value of the market was at US$ 10.1 Bn in 2019. Through the course of the report’s forecast period, the market is likely to rise at a steady pace.
• Regionally, North America has emerged as a key market for fishmeal & fish oil.
• Europe and Asia also will exhibit considerably high demand through the forecast period.
• Rising demand for healthy food will give impetus to the market
• Key players are likely to focus on strategic collaborations. Their growth strategies are likely to push market’s growth

Despite Growing Popularity, Change In Consumer Preference Due To Coronavirus May Impact Growth

A commercially driven product, fish meal is obtained from bones of wild small marine fishes. Fish oil is a type of fatty oil obtained from fishes containing large amounts of unsaturated fatty acids. Fishmeal and fish oil have become highly popular due to their various application in aquaculture and pharmaceuticals industries.

Growing trend of trading fishmeal & fish oil, and increasing demand for quality fish worldwide are some of the major factors driving the global fishmeal & fish oil market. Moreover, increasing demand for aquaculture in export influences the supply of high-quality fishmeal & fish oil for animal feed.

Despite aforementioned factors, the recent outbreak of COVID-19 has had a considerable impact on the fishmeal and fish oil market. Evolving consumer preference due to the spread of the pandemic can affect the growth of the market negatively. Also lockdown enforced across various regions has impacted the supply-chain and delivery of products in global market. This could hamper the growth of the market to an extent.

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Who is Winning?

Some of the leading players operating in the Fishmeal & Fish Oil market  FMC corporation, Austevoll Seafood ASA, Croda International PLC., Oceana Group Ltd, Omega Protein Corporation, Sürsan, The Scoular Company, GC Rieber Oils, Marvesa, Tasa, Orizon, Pioneer Fishing, Triplenine Group, Pesquera Exalmar S.A.A, Corpesca SA, FF Skagen A/S, Copeinca ASA, Colpex, Mukka Sea Food Industries Pvt. Ltd. In order to capture a larger market share, key market players are adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing and different product launches.

Get Valuable Insights into Fishmeal & Fish Oil Market

Future Market Insights, in its new report, presents an unbiased analysis of the global fishmeal & fish oil market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. On the basis of source, the market is segmented as anchovy, menhaden, capelin, sand eel, horse mackerel, pilchard and others. On the basis of application the market consists of different industries like Aquaculture & aquatic feeds, Land animal feeds, Fertilizers, Pharmaceuticals and dietary supplements. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

Nutritional Yeast Market Expectations & Growth Trends Highlighted Until 2029

 Nutritional yeast market witnesses high demand as a result of changing consumer preferences with regards to their choice of food. In the last few years, consumers have become more selective about their food choices showing inclination for healthier, better quality food and ecological food products. To maintain a healthy lifestyle, they are following a proper diet. As a result the demand for gluten-free, organic and salt-free products is rising in comparison to traditional full course meals. Nutritional yeast is gluten-free and salt-free. It is also a rich source of proteins, minerals and vitamins due to which its demand is growing rapidly among health-conscious, vegan and aged population. The nutritional yeast market is projected to rise at a CAGR of ~14 between 2019 and 2029, Future Market Insights foresees stable growth for the market.

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Key Takeaways from the Nutritional Yeast Market Study

• Governmental and para-governmental authorities in collaboration with prominent manufacturers in the nutritional yeast market are conducting extensive research and development activities to aid sustainable development. Global research and development spending has reached a record of US$ 1.7 trillion, out of which 80% is accounted by 10 countries. The United States, Germany, Canada, Japan, China, France, India, and the United Kingdom are some of the countries with high research and development spending. For instance, Lallemand research and development has launched an innovative strain of yeast YANG, derived from the association of two different strains of yeast, S. cerevisiae and C. jadinii, in specific fractions. This innovative strain is used as an animal feed ingredient to enhance immune response.
• Inactive dried nutritional yeast can be used as an effective ingredient in animal feed to boost nutritional content. Ready availability of inactive dried nutritional yeast and the growing awareness regarding the benefits of inactive dried nutritional yeast as an animal feed ingredient support growth of the global nutritional yeast market.
• Consumers perceive organic products as safer and healthier when compared to traditionally and conventionally manufactured products. This encourages manufacturers to expand their product portfolio to include certified organic offerings, which is anticipated to help them strengthen their market positions. Production of organic nutritional yeast requires use of organic molasses, organic grains, and plant-derived ingredients as a source of sugar, nitrogen, and other key ingredients. While organically produced nutritional yeast occupies a niche percentile in the current global market scenario, demand for these products is expected to grow, attributable to increasing market penetration in Europe and North America, where the organic trend is gaining significant momentum.

Social media sites such as Instagram and Twitter are creating a favourable perception about nutritional yeast products. Food bloggers are sharing new recipes using nutritional yeast. As nutritional yeast has a cheesy taste and is both a vegan and gluten-free ingredient, it is gaining traction among consumers on social networking sites. Rapidly increasing use of smart phones and smart gadgets in untapped areas influences consumers in these regions subsequently creating awareness about benefits of using nutritional yeast in food preparation. The demand for gluten-free food products is rising in the global food and beverages market, which is attributable to rising prevalence of celiac disease on a global scale. The consumption of organic, salt-free, vegan and plant-based protein products is increasing across the globe. The use of inactive dried nutritional yeast is increasing in animal feed.  As a result of these factors, the demand for nutritional yeast is increasing rapidly.

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“The increasing application of nutritional yeast in various segment such as food & beverage, dietary supplements, animal feed, and personal care drives the market. Increasing focus on animal welfare has spurred vegan population. This in turn drives the nutritional yeast market,” says an FMI analyst.   

Who is winning?

Some of the key players operating in the nutritional yeast market are Angel Yeast Company Ltd., Alltech, Lallemand Inc., Lesaffre, Cypress Ingredients, Bioforce Canada Inc., Bob’s Red Mill Natural Foods, NOW Foods, Kadac Pty Ltd., Quantum Nutrition Labs and others.

Several leading players in nutritional yeast market are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain a competitive advantage.

• In 2016, Lallemand Inc. acquired Lage y Cía. The newly-acquired company will be included in Lallemand Plant Care, the company’s business unit focused on the use of yeasts, bacteria and fungi as biocontrol, biostimulant and biofertilizer agents in agriculture, horticulture, and forestry. The aim behind the acquisition was to expand the business footprints in Latin America, to increase the production capacity and bolster its research and development activities.
• In 2018, Lesaffre acquired Alltech’s yeast extract facility in Serbia. The aim behind the acquisition was to strengthen the Lesaffre presence in the nutrition and health market and to increase the production capacity.

Get Valuable Insights into Nutritional Yeast Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global nutritional yeast market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the nutritional yeast market based on the product type (inactive dry yeast, fortified yeast and revivable yeast), nature (organic and conventional), form (powder, flakes, tablet, capsules), applications (food & beverages, dietary supplements, personal care, animal feed and other applications), sales channel (B2B and B2C) across seven major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Almond Ingredients Market to Garner US$ 33.43 Bn by 2030 | FMI

 The global almond ingredients market size is expected to reach US$ 33.43 Bn by the end of 2030. A recent study by Future Market Insights (FMI) forecasts that the market will exhibit impressive growth at a CAGR of 10.3% between 2020 and 2030. According to the report, the rising demand for healthy and nutrition rich products is boosting the almond ingredients market. The report offers an exhaustive market overview, providing insights into prevailing trends and future scenario. It also contains various data and graphs to support information compiled within.

It includes in-depth insights into the Almond Ingredients market. Some of these are:

• The estimated value of the market was at US$ 12.6 Bn in 2020. Through the course of the report’s forecast period, the market is likely to rise at a remarkable pace of growth
• Regionally, North America holds dominant share in the market.
• Europe and Asia are expected to emerge as attractive markets for almond ingredients.
• Due to coronavirus outbreak consumers are more inclined towards healthy food and turning into health-conscious diets. This will surge the demand in the almond ingredients market during the forecast period.
• Key players are likely to focus on product innovations and business collaborations to stay relevant in developed markets.

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“Rising demand for nutritious food and almond based snacks in Europe, besides reduction in price of almonds in the U.S. will aid the overall expansion of the almond ingredients market amidst the prevailing scenario,” said a lead analyst at FMI.

Increased Consumer Inclination towards Healthy Food and Snacks to sustain during the Extended Period of Lockdown will Fuel Demand

Consumers are now focusing on nutrition rich products to stay healthy and fit. Almond ingredients are often found in dietary supplements since they are rich in antioxidants and are naturally conserving additive. This is a key factor fuelling the demand for almond ingredients. The rising demand for natural and low-sugar ingredients is also driving the almond ingredients market. Almonds are rich in minerals, proteins and fibres and are associated with many health benefits such as controlling blood pressure and sugar level in human body. Because of these health benefits, they are often included in snacks and comfort food items. Therefore, the surging sales of snacks and comfort food as consumers stockpile on essential commodities to sustain themselves during lockdown periods amidst COVID-19 outbreak will benefit the market.

Who is winning?

Some of the leading players operating in the Almond Ingredients market Archer Daniels Midland Company, Olam International Limited, John B. Sanfilippo & Son, Barry Callebaut Group, Blue Diamond Growers, Borges Agricultural & Industrial Nuts, The Wonderful Company, Döhler GmbH, Royal Nut Company, Kanegrade Limited and others. In order to capture a larger market share, key market players are adopting various initiatives and adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing.

• In October 2018, Döhler GmbH acquired Nutrafood. The aim behind the acquisition was to expand the product portfolio as well as to increase the production capacity of nut segment.
• In 2019, Olam International Limited acquired Hughson Nut Inc. for expanding their business footprints in East Asia and Europe as well as to increase the production capacity of almond ingredients to fulfill the consumers rising requirements.

Get Valuable Insights into Almond Ingredients Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Almond Ingredients market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. On the basis of product type the market is segmented into whole almond, pieces, flour, milk, paste, oil, others. On the basis of application, the market is segmented into bakery and confectionary, snacks and bars, dairy products, nuts and seed butter, others. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

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About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Dairy Ingredients Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2030

 The global dairy ingredients market has expanded significantly since the beginning of 2020, owing to increasing milk products consumption amid heightened concerns over immunity enhancement to counter the novel coronavirus pandemic. Characterized as an essential service, milk production has witnessed a record increase, prompting manufacturers to augment their presence in key geographies.

In its recently published report, ESOMAR-certified Future Market Insights (FMI) offers an exhaustive yet unbiased analysis of the dairy ingredients market, and takes into account the key dynamics responsible for the projected growth trajectory through 2030.

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Key Takeaways

• Emerging economies in the Asia-Pacific, specifically India & China to generate immense green spaces
• Milk proteins segment to expand at a noteworthy rate, owing to increased adoption of whey and casein proteins to manufacture dairy products
• Bakery and confectionery to remain principal application area through 2030
• E-commerce sales channels acquiring popularity amid the COVID-19 outbreak
• Livestock-sourced dairy products to remain dominant, owing to high bovine milk consumption

“Market players are emphasizing on forging strategic alliances with government owned milk co-operatives and milk distribution grids so as to expand their product outreach and deepen penetration,” remarks the FMI analyst.

COVID-19 Impact Insights

The COVID-19 pandemic has escalated sales of dairy ingredient products worldwide. As more consumers drift towards consumption of dairy products owing to perceived nutritional benefits, sales have proliferated credibly in recent months.

Although, the initial months of the pandemic reported a significant downswing due to the imposition of stringent lockdowns. Beverage giant Yakult, for instance, reported a significant drop in sales in the first two months of the pandemic crisis, to the tune of 10% in February.

Fortunately, countries have realized the importance of keeping the industry afloat and are taking steps to mitigate the adverse impact of the pandemic. For example, the Indian government has slashed the goods & services tax (GST) on ghee and milk fat from 12% to 5%.

On similar lines, the Trump Administration announced a US$ 15.5 billion bailout package for the U.S dairy industry. It went a step further by purchasing milk and converting it into commodities which could then be used as global humanitarian aid.

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Competitive Landscape

The global dairy ingredients market is characterized by the presence of numerous manufacturers, rendering the market competitive in nature. Prominent players in the landscape include AMCO Proteins, Fonterra Co-operative Group, Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), Meiji Holdings Co. Ltd, Nestle S.A, Kerry Group and Ingredia SA among others.

In September 2020, Fonterra Co-operative Group’s Australian division signed an agreement to acquire Dairy Country with the objective of strengthening the former’s AU$ 2.6 billion retail cheese business portfolio. The acquisition was undertaken for AU$ 19.23 million.

In 2017, Nestle Group announced the launch of its MILO cocoa-malt beverage in the Indian sub-continent, which was realized in 2019. This launch has helped Indian consumers have enhanced doses of essential micronutrients such as Vitamins B2, B3, B6, B12, C and D respectively.

More Insights on FMI’s Global Dairy Ingredients Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global dairy ingredients market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the global dairy ingredients market on the basis of type (proteins, milk powder, milk fat concentrates, lactose & its derivatives and other types), livestock (livestock and other stock), application (bakery & confectionery, dairy products, sports nutrition products, infant formulas and other applications) and distribution channel (e-commerce, specialty retailers, supermarket & hypermarket and others) across six prominent regions.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Cultures Market Outlook Cover New Business Strategy with Upcoming Opportunity 2026

 As per the report by Future Market Insights (FMI), the global cultures market is expected to witness moderate growth, registering a CAGR of 4.1% during the forecast period 2016-2026. By the end of 2026, the global cultures market is estimated to bring in US$ 1,514,969.6 million revenue.

A substantial increase in the food-borne diseases worldwide is driving the demand for microbial food cultures. Microbial food cultures such as fungi, bacteria, and mould are largely used by food processing companies. They help in preserving food, remove toxic compounds, thereby ensuring food safety. The organisms used in food cultures also offer health benefits to fermented food products. Also, with the increasing population of health conscious customers, the demand for probiotic and functional food is also increasing. Moreover, increasing demand for antibiotics to fight various microbial infections is fueling the growth of the global cultures market.

Advanced technologies are used by companies for the production of microbial food cultures under strict controlled conditions. Governments of various countries have also introduced regulations based on the characteristics and use of the microbial food cultures. The freeze-dried microbial food culture is also gaining traction in the global cultures market. Freeze-drying produces superior quality culture by providing long-term storage and also helps in retaining the intact structure of the food cultures. This also helps in supply-chain of food products as it increases shelf-life of the product.

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Key Highlights in the Global Cultures Market

The global cultures market is segmented on the basis of application, product type, and region. The product type is further segmented into starter, adjunct, probiotic, and other product types. Among the give product types, a starter is expected to see the highest growth during the forecast period. The starter segment is estimated to bring in more than US$ 455,900 million revenue by the end of 2026.

Based on the application, the global cultures market is segmented into beverages, Sauces, dressings, and condiments, bakery & confectionery, dried processed food, sweet & savoury snacks, frozen and chilled processed food, and other applications. Among these, bakery & confectionery segment is expected to be the fastest growing segment in terms of the application during the forecast period 2017-2026. By the end of 2026, bakery & confectionery is estimated to surpass US$ 366,600 million revenue.

Geographically, the global cultures market is segmented into Japan, Europe, Latin America, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and North America. Europe is expected to witness significant growth during the forecast period. Germany, France, Russia, and the U.K., are anticipated to witness the highest growth in the region. Increasing demand for fermented and probiotic foods, the resulting in the use of microbial food cultures to preserve the food for a long time. Availability of advanced technology and infrastructure is also helping in the research and development of food cultures.

Competition Tracking

Some of the key companies in the global cultures market include Cargill, Chr. Hansen, DuPont, Royal DSM, Tate & Lyle, Kerry Group, Ashland Inc, Ingredion, Naturex, KF Specialty Ingredients, and Evonik.

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About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Tilapia Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2031

 The U.S. Department of Agriculture (USDA) guidelines recommend the consumption of tilapia as a rich source of protein with 20 grams accounted for in a small fillet. Tilapia also contains a relatively comparatively smaller quantity of saturated fat content. The increasing number of pescatarians globally is strengthening the tilapia market, finds Future Market Insights (FMI) in a study. Benefits in terms of sustainability offered by tilapia in comparison to other animal-based products, will facilitate growth of the market at a CAGR of over 4% between 2021 and 2031.

Tilapia is a widely grown fish in the global market and is considered a sustainable source of seafood. Key players in the global tilapia market are anticipated to gain from the increasing demand for tilapia especially in emerging markets. Manufacturers in China and Egypt are anticipated to gain ground, as these countries have established infrastructure backed by a dedicated consumer base.

Production of Nile Tilapia is primarily witnessed in MEA, Asia Pacific, and Latin American countries. However, North America led by the United States is also upgrading its production capacity through investments in aquaculture projects. Food industry will remain a chief end user accounting for over 40% sales registered in the market.

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Key Takeaways from the Tilapia Market Study

• South and East Asian countries led by China are expected to lead the tilapia market, with value market share of 42.1% and 33.0% respectively.
• The United States is anticipated to account for over 95% of sales in North America over the forecast period due to increasing consumption of packaged and processed tilapia products.
• The U.K. will emerge as a highly lucrative market, exhibiting over 7% y-o-y growth in 2021
• Germany and France will exhibit considerably high demand for Tilapia, emerging as lucrative markets within Europe

“Manufacturers are developing advanced production and harvesting technologies to enhance the quantity and quality standards of tilapia production. These novel technologies are also expected to reduce the incidence of disease in tilapia farms, which will positively influence operations and sales in the foreseeable future,” says an FMI analyst.

Tilapia Establishing its Presence in Retail Space

The application of tilapia in the food industry is expected to remain considerably higher than others (pharmaceutical, animal feed). Emerging markets for tilapia such as United States, and India, are witnessing a rising demand of frozen, ready-to-eat tilapia products. Gradually and progressively tilapia and its products are gaining a notable presence in retail shelfs even in relatively remote regions due to its availability and ability to thrive in harsh and varied environmental conditions.

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Polyculture for Tilapia Farming Boosting Production

Efforts towards sustainability in tilapia farming, has pushed manufacturers to adopt polyculture, enhancing productivity in return. Manufacturers are analyzing polyculture of tilapia among other fishes such as catfish, prawns, and some predatory species such as largemouth bass to reduce tilapia overbreeding. Different species for polyculture influences quality as well as production quantity.

Who is winning?

Some of the leading players operating in the Tilapia market are Baiyang Aquatic Group, Blue Ridge Aquaculture, Inc., A.O.Kingdom International Co., Ltd, Nova Sea Foods, Hainan Sky-Blue Ocean Foods Co, Hainan Xiangtai Fishery Co, Guangdong Evergreen Conglomerate Co., Ltd., Hebei Zhongjie Tilapia Breeding Co. Ltd, Amyco Group Limited., Regal Springs, and other players.

Key players of Tilapia are striving to consistently develop novel aquaculture techniques and vertical integration. Tilapia manufacturers such as Baiyang Aquatic Group has achieved vertical integration in the supply chain of tilapia by establishing fish feed unit, and tilapia processing unit. Tilapia processing unit utilizes all the waste generated in the filleting procedure and uses it for the production of various products such as pharmaceuticals, cosmetics, and other products.

• In November 2020, Blue Ridge Aquaculture (BRA) invested US$ 2.5 Mn in a nursery facility to support existing as well as increasing farming activities.
• Government of Singapore is envisioning elimination of export for food, thus manufacturers of tilapia in the country has huge opportunity to grow as the government is providing all the essentials at a minimal cost.

Get Valuable Insights into Tilapia Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Tilapia market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Tilapia market based on Source (Organic, Conventional), Species (Nile Tilapia (OREOCHROMIS NILOTICUS), Blue Tilapia (OREOCHROMIS AUREUS), Mozambique Tilapia (OREOCHROMIS MOSSAMBICUS), and Wami Tilapia (OREOCHROMIS UROLEPIS HORNORIUM)), Form (Fresh and Processed), Sales (Direct Sales, Retail Sales), and Application (Food Industry, Pharmaceutical Industry, Animal Feed, Pet Food, Food Service, Retail) across seven major regions (North America, Latin America, Europe, Asia Pacific, Oceania, Japan, and Middle East and Africa).

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Maltodextrin Market One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2029

 The global maltodextrin market is projected to remain steady, exhibiting a CAGR of 3.7% between 2019 and 2029. The demand for cosmetics and personal care products is rising around the world. In the last few years, research and development initiatives in the cosmetic industry have resulted in the launch of new and innovative products. Maltodextrin plays an important role as an additive in many of these new launches. This indicates the rising use of maltodextrin over the years in the cosmetic and personal care industry.

Key Takeaways from the Maltodextrin Market Study

• Among various application segments, the usage of maltodextrin in the food and beverage industry is most common. Owing to the increasing health awareness and growing preference for processed food/diet with low fat, sugar, salt and high protein content, the demand for maltodextrin has remained stable in the food & beverages industry.
• Technological advancements in the production of maltodextrin encapsulated products, properties such as high-temperature tolerance, low moisture, high solubility, and bland flavor make maltodextrin a preferred wall material for encapsulation of various fats, oils and food acids.            
• Since there is a high production of maltodextrin from corn starch, leading manufacturers are now focusing on improving their efforts to find other sources of maltodextrin in order to make sure the product is readily available to its target customers in the required quantity.
• Manufacturers are adopting innovative technologies in the product offering to meet consumers’ demands. Manufacturers with their brand names are introducing a variety of maltodextrin that can be utilized across diverse industries for various purposes. Tate & Lyle provides MALTOSWEET ® which is a combination of maltodextrins and Dried Glucose Syrups that is used in various food products.
• The  use of the internet, blogs and social media to access available information about various chemicals and ingredients is increasing. It is a consumer-driven trend since they are getting increasingly worried about the effects of ingredients present in food and cosmetic products. This is  changing a consumer’s buying pattern and behaviour. Which positively affect the growing demand of natural ingredients in the food and beverage industry.

The increasing demand for GMO-free starches in baby food and infant formula due to consumers’ inclination towards organic and natural food for their kids is creating growth opportunities for the market. Major players in the U.S. baby and infant formula market such Abbott, Nestlé, and Mead Johnson Nutrition were repeatedly petitioned to remove GMO ingredients from their respective baby food products. This showcases the growing demand of maltodextrin in baby food product as it is considered to be a good source of energy for baby. It also helps in balance intestinal osmolarity which may get altered by intestinal disorders in infants. Therefore this factor is anticipated to drive the maltodextrin market over the forecast period.

“Over the past few years an increasing number of consumers are steadily looking for food with healthier, trustworthy, and plant-based ingredients. This has made manufacturers shift towards the natural ingredients to cater to the growing demand. Impelled by the scenario, key players are focusing on research and development to find another natural source for maltodextrin.” says an FMI analyst.

Who is winning?

Some of the key players operating in the maltodextrin market ADM, Kraft, Luzhou, Matsutani, Mengzhou Jinyumi, Nowamyl, Ingredion Incorporated, Qinhuangdao Lihuang, Roquette Freres SA, Tate & Lyle Plc, Tereos Syral, Archer Daniels Midland Company, WGC, Xiwang, Zhuchen Runsheng, Zhucheng Dongxiao, Zhucheng Dongxiao Biotechnology Co., Ltd.,  Zhucheng Xingmao, Grain Processing Corporation, Gulshan Polyols Ltd., and Henan Feitian.

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Several leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain a competitive advantage.

• On December 12, 2018- A global leader in plant-based ingredients for food, health and nutrition markets, Roquette has completed its acquisition of a majority share in Crest Cellulose, from Pravesha Industries, which is one of the major pharma packaging company in India.
• On November 2, 2015- Archer Daniels Midland Company (ADM) announced that it has completed the purchase of certain assets of Eaststarch C.V. Now ADM is the owner of Eaststarch’s corn wet mills in Bulgaria and Turkey and owns 50% share in a wet mill in Hungary.

Get Valuable Insights into Maltodextrin Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global maltodextrin market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the maltodextrin market based on the nature (organic and conventional maltodextrin), based on source (Corn, wheat, potato, cassava, and rice) based on form (Spray-Dried Powder and “Instantized”/Agglomerated) and based on application (food & beverages, cosmetics & personal care, pharmaceuticals, and chemical) across seven major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Potato Flake Market Value to Grow by Almost US$ 17,103.8 Mn During 2019-2029|FMI

 The global potato flakes market was valued at US$ 17,103.8 Mn in 2019. The market has exhibited a considerable rise during 2013 -2018 and the trend is likely to continue as the market exhibits a CAGR of 7% between 2019 and 2029. The rising demand for snacks that among all age groups is aiding the growth of the market.

Increasing launches and development of major brands of potato flakes are anticipated to drive the overall growth of the potato flakes market. Leading manufacturers are focusing on expanding their footprint in regions apart from the U.S. Increasing penetration of established manufacturers ensures a competitive market scenario, and results in the launch of numerous variation in potato products that is estimated to push the overall market growth. Additionally, due to the increasing penetration of social media platforms, customers have awareness about several international brands. Manufacturers in the market including Bob’s Red Mill and McCain Foods Limited are well-known for their premium products, including potato flakes. These brands pay substantially on branding and advertisements via online and other channels, and therefore. Their marketing strategies are key drivers of potato flakes sales.

“The rising demand for extruded snacks as well as bakery products is anticipated to boost the market for potato flakes in the forecast period. Key players are adopting diverse strategies to maintain a strong foothold in the potato flakes market.” says an FMI analyst.

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Key Takeaways from Potato Flakes Market Study

• According to FMI study’s on the potato fakes market, a large consumer base is looking for products that are naturally sourced. Potato flakes are generally used in dishes that require mashed potatoes. Potato flakes are used as a thickener or base for the preparation of ready-to-eat vegetable gravies and soups. They are also used as an ingredient for potato chips, texturized potato products, snack pellets, etc. Thus, the demand for Potato Flakes is surging.
• The global potato flakes market has been segmented based on end-use, where the buyer to consumer segment holds the major share. However, in the upcoming period, the buyer to buyer segment is estimated to show a positive growth due to its increasing applications in different food products.
• Based on nature, the global potato flakes market is segmented into organic and conventional types. Due to growing health concern, consumers are looking for products that are grown naturally and are free from chemicals and are not genetically modified.
• Eastern Europe and APEJ are expected to lead the global potato flakes market in terms of value. The demand for potato flakes is considerably high in North America. Western Europe is predicted to show a high growth rate in the forecast years. The Latin America market, dominated by Brazil, is also exhibiting high demand for potato flakes.

Who is winning?

Idahoan Foods, McCain Foods Limited, Nestle S.A., Inc., Clarebout Potatoes NV, Goodrich Cereals, Lamb Weston Holdings, Inc., Iscon Balaji Foods Pvt Limited, Lutosa SA, Patwary Potato Flakes Ltd., Bem Brasil Alimentos LTDA, Rixona B.V., Agrarfrost GmbH & Co. KG, Nahr-Engel GmbH, Basic American Foods, Inc., Bob’s Red Mill Natural Foods are some of the key market players.

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Leading companies operating in the potato flakes market are aiming at regional expansion via targeting the local distributers to upscale their potato flakes sales and to provide high-quality products to the customers.

• In March 2018, Nestle S.A. opened a new quality assurance lab in Araras, Brazil. The move was intended to enhance the company’s organic product portfolio in the region. The company invested around US$ 6.9 Mn to construct the new facility. The quality assurance facility will ensure that its organic products are free from pesticides and genetically-modified organisms.
• In April 2018, McCain Foods Limited completed a strategic investment with a highly innovative agriculture company, TruLeaf Sustainable Agriculture. With this partnership, the company is expected to set new standards for efficient crop production and environmental care.
• In 2017, Lamb Weston Holdings, Inc.  expanded its Richald Washington plant by 2, 90,000 square feet, increasing its production capacity by approximately 300 million pounds annually.

Find More Valuable Insights into Potato Flakes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global potato flakes market, presenting historical demand data (2013-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights into the potato flakes market based on the end-use (B2B & B2C), nature (Organic & Conventional), across seven key regions.