Taste Modulators Market Expectations & Growth Trends Highlighted Until 2032

 The global taste modulators market size is expected to reach US$ 1.9 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.1% CAGR between 2022 and 2032.

According to the report, rising demand for low-calorie foodstuffs from health-conscious customers while maintaining the original taste provides a lucrative opportunity for this industry. Flavor modulation components are commonly used for improving sweetness, reducing salt, blocking bitterness and increasing mouth feeling. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the taste modulators market. Some of these are:

• The estimated value of the market was at US$ 1.2 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Geographically, the global taste modulators market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, North America is the largest region of the taste modulators.
• It is estimated to be a rapidly growing market for taste modulators owing to the increase in some people suffering from obesity and diabetes in the region. Growth in awareness about these health conditions has resulted in a shift toward healthier alternatives for sugar. This is likely to drive the market for taste modulators in this region.
• The Asia-Pacific offer lucrative opportunities to the taste modulators market in the upcoming years. Due to the increase in meat consumption, population growth, and a rise in awareness about healthy & nutritional food products.

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“Rising consumption of low-calorie, low-fat foods and the increasing prevalence of diabetes and obesity have resulted in increased demand for taste modulators. Product innovation carried out by leading companies to cater to the changing consumer preference will enable growth in the market,” said a lead analyst at FMI.

Change in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

Asia Pacific is expected to hold the largest share in the forecast period due to increased consumer demand for healthier products and increased consumption of low-fat & low-calorie quality foods. In addition, the rise in the number of people with diabetes in the Asia Pacific region would drive the highest growth over the projected period. APAC is experiencing a strong demand for taste modulators due to increased consumption of meat, population growth and increasing awareness of nutritious and balanced foods.

Rising population along with growing economic standards has led to increase in food service spending. Coronavirus outbreak had a considerable impact on consumption pattern of buyers. This will invariably impact growth forecasts for the market. Strong visibility of corona control cases, dropping incremental accidents and rising disease spread. Although government and central bank interventions will serve as palliatives, currently scared stock markets may want to evaluate the potential harm to economic activity and demand, and that will only become apparent until there has been a meaningful improvement in the corona situation.

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Who is winning?

The major players operating in the global taste modulators market are Kerry Group plc., Koninklijke DSM N.V., Ingredion Incorporated, Symrise AG, Sensient Technologies, Givaudan SA, Firmenich S.A., International Flavors and Fragrances, The Flavor Factory, Carmi Flavor and Fragrance Co. Inc., Flavorchem Corporation, and Senomyx, Inc. among many others.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations. Company are investing in research and development to launch unique and innovative products of taste modulators.

• In 2015, Kerry Group acquired Red Arrow Products, Island Oasis and Biothera Inc.’s for US$ 735 Mn. The aim behind the acquisition was to expand the product portfolio in taste and nutrition segment.
• In 2017, Sensient Technologies launched taste modulation and protein masking solutions. By using this solutions, manufacturers of ports drinks, diet shakes or snack bars can enhance the taste of their products by removing off notes as well as improving the unpleasant taste that few proteins display.

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Product Type

• Sweet Modulators
• Salt Modulators
• Fat Modulators

Application

• Dairy Products
• Bakery Products
• Confectionery Products
• Meat Products
• Snacks
• Savory
• Alcoholic Beverages
• Non-Alcoholic Beverages

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

Pet Food Processing Market Size Forecast to Reach US$ 8.4 Bn by 2032|FMI

 The pet food processing market is anticipated to rise at a CAGR of ~5.1% between 2022 and 2032, Future Market Insights foresees stable growth for the market. Increasing demand for food enhancers from pet food processing industry mealtime is the happiest time for pets, and each pet owner tries to give their pet a nutritious dinner containing great flavour.

pet food processing market size is estimated to be valued at USD 5.0 Billion in 2022 and projected to reach USD 8.4 Billion by 2032, which record a CAGR of 5.3% during the forecast period from 2022–2032.

Key variables urging owners to raise pets are social solace, security, organization, and the tasteful sense offered by pets. An increasing number of pet owners has led to a subsequent rise in interest regarding pet nourishment. The aforementioned reasons are the significant reason fuelling the market demand for pet food processing market.

Key Takeaways from the Pet food processing Market Study

• Advent of newer technologies and increasing attention to clean label product development will enable growth in pet food processing market. In addition to this, leading manufacturers are now focusing on strengthening their distribution and supply base in order to ensure that products are easily available to their target customers. This is expected to bode well for the market in the coming years.
• The dog food segment is projected to account for the largest share in the global pet food processing market. The increasing population of dogs and the rising trend of pet humanization have encouraged dog owners to accept them as companions, which is projected to drive the demand for premium dog food
• The key players operating in this pet food processing market are focusing to expand their presence globally through acquisition and collaboration with domestic and regional players.
• Key players are also focusing on expanding their global footprint by launching new products related to pet food. In addition, Tier -1 players are investing in research and development activities and continuously monitoring their product offering in order to offer an excellent quality of product.
• Despite changing consumer attitude, supply-chain disruptions could hamper the growth of the market. Restrictions imposed on movement of raw material is causing delay in production. This could have negative impact on the market.

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Increasing Social Media Exposure Supports Growth

The increasing use of social media has made consumers more aware about recent launches in the pet food processing market and the products that offer the necessary nutrition for pets at different life stages. Moreover, social media has increased consumer awareness regarding products from other countries, which are now becoming easily available.

This has helped pet food processing products that contain dehydrated fruits and vegetables gain immense traction in the United States of America. Thus, manufacturers have started investing in expansion of their businesses in the country as well as overseas.

“ Pet food processing market is gaining strength from growing demand for functional food, increase customer base and sales through expansion of e-commerce platforms. Moreover, developing clean label pet food processing products is a major focus of market players. This is expected to create growth opportunities for the market in the near future” says an FMI analyst.

Use of Innovative Packaging to Lure Customers into Purchasing

Appearance of products has become a major factor, along with their quality and taste that determines sales. The appearance of a product on the shelves in hypermarkets/supermarkets, convenience stores, and on e-Commerce platforms has proven to increase the chances of consumers buying products.

This has urged companies to increase their investments in innovative packaging solutions. For instance, several companies are using recyclable boxes for the packaging of their pet food processing offering. This is intended to make their pet food processing products more attractive to consumers, thereby increasing sales of the same.

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Who is Winning

Some of the market players profiled in the report are Precision Food Innovations, Mepaco Group, F.N. Smith Corporation, Reading Bakery Systems, Andritz Group,Buhler Holding AG, The Middleby Corporation, GEA Group,Gold Peg International, Fusion Tech Integrated, Inc. and others leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain competitive advantage.

• In 2021, Mepaco Group offers sanitary design food processing equipment to the meat and poultry industry with a focus on regulatory compliance, safety and profitable yields.
• F.N. Smith Corporation has been launched new mixers, conveyors, extrusion dies, and cutting assemblies to meet the most demanding requirements. This equipment has gone on to manufacture canned food, dry mix, semi-moist, and treat products.

Impact of COVID-19 on pet food processing market

Pet food processing market has been affected by the outbreak of coronavirus. According to FMI, the market will recover in 4th quarter of 2022.

Border closures, quarantines, and supply chain and trade disruptions could restrict people’s access to sufficient/diverse and nutritious sources of food, especially in countries such as U.S, China and Italy, which are hit hard by the virus or already affected by high levels of food insecurity. Due to restriction on movement, and the basic aversion behaviour by workers, the market may suffer.

Key Research Findings:

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Future Market Insights, in its new offering, provides an unbiased analysis of the global Pet food processing  market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

By Product Type :

• Mixing & Blending Equipment
• Forming Equipment
• Baking & Drying Equipment
• Cooling Equipment
• Others

By Form :

• Dry Food
• Wet Food

By Application :

• Dog food
• Cat food
• Fish food

By Regions :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Plant-based Cheese Market Outlook Cover New Business Strategy with Upcoming Opportunity 2030

 The global plant-based cheese market is estimated to be valued at US$ 1,530.2 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 3,416.6 Mn by 2032, rising at a CAGR of 8.4% for 2022-32.

According to the National Center for Biotechnology Information (NCBI), plant-based diet reduces the risks of metabolic syndrome, certain cancers such as colon, breast, and prostate cancer, heart disease, diabetes, and others. In June this year, the United Nations Environment Programme’s (UNEP) panel for sustainable resource management has highlighted the environmental impacts of the world’s predilections for western diet, comprising dairy and meat products.

A UN report, titled “Assessing the Environmental Impacts of Consumption and Production” has recommended that a global shift towards vegan diet could save the world from fuel poverty, hunger, and worst impacts of climate change.

With international organizations rallying for plant-based diet, FMI’s foresees impressive prospects ahead for the plant-based cheese market. While disruptions due to COVID-19 are inevitable, the report stresses on the benefits of surging awareness regarding veganism to the market.

According to the National Statistics of the United States,  3% of the population in the United States consider themselves vegan.

FMI offers a holistic overview of the global plant-based cheese market, its growth and restraints during the forecast period.

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Some of the key takeaways from the report are highlighted below-

• Surge in demand for oat milk source is anticipated to propel the growth of the plant-based cheese market in the coming years
• B2B distribution channels are expected to witness significant growth which is projected to increase the market value during the forecast period
• North America is forecast to lead in the global plant-based cheese market owing to the rise in vegan population. The U.S. is expected to spearhead growth in the region
• Europe, Middle East and Africa will remain another lucrative region in the global market

“The increase in demand for environment-friendly food products has been working in favor of the global plant-based cheese market. Furthermore, the health benefits of the plant-based diet are driving more people to go vegan. According to the National Center for Biotechnology Information (NCBI), a study involving more than 60,000 men and women, the prevalence of diabetes in individuals on a vegan diet was 2.9% compared with 7.6% in the non-vegetarians. As more people gain awareness on the health benefits of plant-based diet, the demand for various plant-based foods including plant-based cheese is likely to surge,” says a Fact.MR analyst.

COVID-19 Impact Analysis

The outbreak of COVID-19 initially affected the plant-based cheese market as hotels, restaurants, and cafes remained shuttered during extended periods of lockdown. The economic constraints followed soon after that further halted the production process of the plant-based cheese resulting in decline of the growth of the market.

Contrary to this, the pandemic has increased the awareness regarding health and people have become more conscious to maintain their well-being. In order to boost immunity, a major portion of the population has been opting plant-based diet which is bolstering the growth of the plant-based cheese market.

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Who is Winning?

Competition witnessed in the plant-based cheese market is increasing fast. In order to strengthen their foothold, the key market players are concentrating on both the quality and quantity of the products.

For instance,

• Tesco launched their new few-form cheese which are made with soy milk in 2020.
• Puris Foods launched their new PURIS™ vegan cream cheese which is made from non-GMO peas that deliver allergen-friendly protein and the texture of regular cream cheese without the dairy.

More Valuable Insights on Plant-based Cheese Market

Source:

• Oat Milk source
• Rice Milk Source
• Corn Milk Source
• Soy-Milk Source
• Pea Milk Source
• Almond Milk Source
• Coconut Milk Source
• Cashew Milk Source
• Flax Milk Source
• Hemp Milk Source
• Other Milk Source

Distribution Channel:

• B2B
  • Hotels
  • Restaurants
  • Cafes
• B2C
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Mom and Pop Stores
  • Discount Stores
  • Food & Drink Specialty Stores
  • Independent Small Groceries
  • Online Retail
  • Others Retail Formats

Region:

• North America
• Latin America
• Europe
• Asia
• Oceania

Food Emulsifiers Market to Witness a Pronounce Growth During 2021-2031

 Increasing consumption of processed food besides the expansion of bakeries and confectioneries are among key factors fuelling the demand for food emulsifiers. According to a new study by Future Market Insights (FMI), the food emulsifiers market is forecast to reach US$ 3.30 Bn by 2021. Demand for effective preservative ingredients in the food sector has remained a constant trend. It has been enabling growth in the market and will continue aiding overall expansion especially as application in processed food and bakeries rises consistently.

FMI has forecast the processed food segment to continue dominating the market through the course of the report’s forecast period, starting from 2021 to 2031. It is expected to account for nearly one-fourth of food emulsifiers sold over the assessment period.

Today, food emulsifier gaining high momentum in the manufacturing of food products due to its desirable qualities that help in preservation of processed and convenience food, besides making them more appealing. The growing market for convenience and processed food is backed by hectic lifestyles, deskbound jobs, increasing women workforce, and socio-cultural aspects. These aspects of changing lifestyle have contributed towards reshaping consumers’ eating habits.  A shift away from three square meals eaten at the family table towards round-the-clock snacking is pushing manufacturer towards adoption of food emulsifier in order to cater supply/demand gap for processed food formats.

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Moreover, manufacturers are also focused on developing novel emulsifier solutions that are capable of reducing calorie content in food products. The market is seeing an increasing number of research and development centres coming up across globe. Companies are trying to expand their production and business footprint by acquiring key companies in the emulsifier segment.

The FMI study delves deep into the prevailing dynamics to offer interesting insights into the food emulsifier market. Some of these are:

• Food emulsifiers market will continue exhibiting steady rate of growth through 2031. FMI projects the market to showcase 4.4% Y-o-Y growth in 2021
• The U.S. will emerge as a chief market globally and account for 88.8% of North America market based on volume in 2021
• The U.K. will exhibit 0.9% Y-o-Y growth in 2021 in terms of volume
• Germany and France to continue offering lucrative growth opportunities
• Japan and South Korea to emerge as attractive markets, however, China will continue leading the East Asia market through forecast period

“Innovation in food products is expected to create remarkable growth opportunity for market players in the years to follow. Also, a broader consumer base for healthy fast food is contributing to the growth of the global market” said a lead analyst at FMI

Who is winning?

Some of the leading companies operating in the market are BASF SE, Adani Wilmar Limited, Archer Daniels Midland Company, Cargill Inc, Dow Corning Corporation, E.I Dupont De Numours and Company, Evonik Industries AG, Ingredion Incorporated, Kerry Group Plc, Koninklijke DSM N.V., and others. Some of these companies are focusing on acquisition as key strategy to gain competitive advantage.

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For instance, in January 2017, Palsgaard acquired a major stake Candon Aditivos para Alimentos, which is a Brazilian ingredient company and supplier of bakery emulsifiers.

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Food Emulsifiers Market – Key Segments

Product Type

• Lactic esters of fatty acids
  • Sodium stearoyl lactylate
  • Sodium behenoyl lactylate
  • Sodium isostearoyl lactylate
  • Sodium lauroyl lactylate
• Lecithins
• Mono & di-glycerides of fatty acid
• Esters of monoglycerides of fatty acid
• Polysorbates
• Polyglycerol Esters
• Polyglycerol Polyricinoleate
• Others

Nature

• Natural
• Synthetic

Form

• Fine Powder
• Hydrate

End-Use

• Bakery
• Confectionery
• Beverages
• Dairy Products
• Processed Food
• Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

Calcium Sulphate Market Anticipated to Grow at a Significant Pace by 2027

 According to a recent study of Future Market Insights (FMI), global sales of calcium sulphate surpassed 285 thousand tons in 2018, and will record a 3.5% Y-o-Y growth in 2019. The study estimates construction industry to account for over 75% of overall calcium sulphate sales in 2019. While calcium sulphate has traditionally witnessed substantial adoption in the construction sector, there has been a significant increase in demand for calcium sulphate in paints & coatings, and industrial wastewater treatment applications in the recent past.

Steady growth prospects have been estimated for hydrated calcium sulphate sales in 2019, in contrary to anhydrous calcium sulphate. . This can be attributed to robust adoption of hydrated calcium sulphate in various construction applications, including coloring pigments and quick drying PoP. Sales of hydrated calcium sulphate will be 4X more than their anhydrous counterparts in 2019, according to FMI study. Continued adoption as a supplement in the food & beverage industry, as fillers and coating agents in paper industry, continue to remain other leading demand determinants of hydrated calcium sulphate.

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Growth Confined by Rising Availability of Economic & More Effective Alternatives

Growing availability of effective and economically feasible alternatives, such as aluminum sulphate and calcium chloride, continue to remain key concerns for players operating in the calcium sulphate market. Leading players in the market have already shifted their preference toward calcium sulphate substitutes, in light of their greater efficacy and convenience in manufacturing.

Regulatory standards imposed on calcium sulphate by the Environmental Protection Agency (EPA), and National Institute for Occupational Safety and Health’s (NIOSH), have significantly driven adoption of calcium sulphate alternatives. Additionally, better functionalities and performance outcomes apropos of using calcium chloride in construction applications, and aluminium sulphate in pharmaceutical and personal care product formulations, continues to pose a negative influence on sales of calcium sulphate worldwide.

Application of calcium sulphate in topsoil layer for improved crop yield has traditionally been a common practice among farmers worldwide. However, regulatory hurdles regarding use of gypsum, composed of calcium sulphate, have been arresting adoption of calcium sulphate in the agricultural industry. Additionally, reuse and recycling of calcium sulphate by-products has emerged as a popular trend in recent years, which in turn will impede demand for calcium sulphate in the near future. .

Leaders in calcium sulphate market such as Solvay S.A., Honeywell International Inc., and USG Corporation are currently focusing on investments in the development of low-cost sustainable gypsum boards, in line with the rise of green building initiatives that necessitate adoption of eco-friendly construction materials.

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Market Segmentation

By Product Form

• Anhydrous
• Hydrated

By Grade

• Technical Grade
• Food & Pharma Grade

By Function

• Coagulant
• Thickening Agent
• Excipient
• Desiccant
• Additive
• Intermediate

By End-use

• Construction
• Agrochemicals
• Food & Beverages
• Cosmetic & Personal Care
• Pharmaceuticals
• Paints & Coatings
• Paper

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• China
• Middle East & Africa

Non-Dairy Creamer Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031

 One of the key reasons behind the growing demand for non-dairy creamer is its longer shelf life. Non-dairy creamer is manufactured by using vegetable oils or plant-based milk, which is then packaged in the liquid form after concentrating it or spray-drying to get a powder form. Future Market Insights (FMI) in a new study has forecast the non-dairy creamer market to reach US$ 2.56 Bn by 2021. Near-term growth projection for the market remains positive, especially as consumers increasingly shift towards a healthy lifestyle.

The powdered form of non-dairy creamer has the highest shelf life, thus it has been witnessing high demand in the market. This long shelf life of the non-dairy creamer is positively affecting the purchasing choice of the consumers as well as retailer. Against this backdrop, FMI projects the segment comprising powdered non-dairy creamer to exhibit 6.4% CAGR through 2031.

Key Takeaways from Non-Dairy Creamer Market

• The non-dairy creamer market will continue expanding at a positive pace. FMI has projected it to register 5.8% Y-o-Y growth in 2021
• The demand from the U.S. will remain significantly high with the country accounting for over 66% of the non-dairy creamer market in North America in 2021
• The U.K. too will emerge as a key market, registering 5% Y-o-Y growth in 2021
• France and Germany will emerge as other attractive markets for non-dairy creamer in Europe
• In East Asia, both Japan and South Korea will continue exhibiting high demand through the forecast period

“The demand for innovative food products with high nutritional value has been increasing in the global food and beverages market. Thus, non-dairy creamer manufacturers are therefore focusing on research and development to expand their range of product offering” said a lead analyst at FMI

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Technological Advancements in the Food and Beverages Industry Will Remain Key to Growth

In recent years there has been huge technological advancements in the food and beverages industry, which has changed the dynamics of the industry in terms of trends, technology, and new developments. Technology also brought huge changes in the non-creamer market. Few years back, non-dairy creamer was just a concept that could only be imagined. But due to the advent of advanced techniques such as hydrogenation and spray drying method it was possible to produce creamer without content of milk.

Moreover, when non-dairy creamer came out its production cost was much higher but in recent years the production cost of non-dairy creamer is also reduced with some technological advancements. Thus technological advancement also plays major role in growing demand of non-dairy creamers.

Who is winning?

In response to the growing demand for non-dairy creamer several major players in the dairy-creamer market are entered into the non-dairy creamer market. Moreover several major are focusing on mergers and acquisitions to expand their footprint and product port folio

• In 2020, Starbucks launched its non-dairy creamer in US with its alliance with Nestle S.A. These non-dairy creamers are available in two flavors – hazelnut and caramel and are made from almond milk and oat milk.
• In 2019, Natural Bliss expanded its product portfolio with introduction of new non-dairy creamers options.

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Non-Dairy Creamer Market By Category

Form

• Powder
• Liquid

Nature

• Organic
• Conventional

Flavour

• Original/Unflavoured
• French Vanilla
• Chocolate
• Coconut
• Hazelnut
• Other Flavours

Type

• Original
• Light
• Fat-free

Base

• Plant-based Milk
  • Almond
  • Coconut
  • Others (Soy, Hemp,  Cashew)
• Vegetable Oil

End Use

• HoReCa/Foodservice
• Food and Beverage Processing
  • Food Premixes
  • Soups and Sauces
  • Beverage Mixes
    • Coffee Mixes
    • Tea Mixes
  • Bakery Products and Ice Creams
  • RTD Beverages
  • Infant Food
  • Prepared and Packaged Food
• Household/Retail

Packaging

• Retail
  • Sachets
  • Bags
  • Pouches
  • Canisters
  • Bottles
  • Plastic Jars
• Bulk

Distribution Channel

• Direct
• Indirect
  • Hypermarkets/ Supermarkets
  • Modern Grocery Stores
  • Specialty Stores
  • Online Retail

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Powdered Soft Drinks Market Size 2022 By Key Players, Competition Tracking, Applications & Forecast 2032

 Over 3 thousand billion tons of powdered soft drinks were consumed in 2021, equaling a market value of US$ 10.6 billion. FMI’s new study reveals that consumption of powdered soft drinks is projected to grow at a subdued 2.3% y-o-y in 2022. Key factors identified in the FMI study can have a prominent influence on the overall growth of the powdered soft drinks market.

• Waning popularity of powdered soft drinks on the back of increasing demand for RTD beverages
• Overall soft drink consumption is hit by growing natural label demand and increasing health consciousness
• Continued popularity of powdered beverages in generation X and millennials supports the dwindling sales of powdered soft drinks

“Soft drinks consumption continued to dwindle in the past half a decade with evolving consumer demand trends such as nourishment, low or no-sugar, natural, clean label and sustainability. Despite their unique space in the beverage industry, popularity of powdered soft drinks declined in parallel to the meteoric rise in innovations and new flavors of other types of soft drinks. Traditional popularity combined with steady flavor innovations are likely to sustain powdered soft drinks sales with a projected 2.8% annual growth in revenues in 2019,” says FMI.

Orange Flavored Powdered Soft Drinks Top Selling

Orange remains the most popular flavor among a plethora of fruit flavors offered by beverage manufacturers. The FMI study finds that consumption of orange flavored powdered soft drinks is expected to surpass 1065 billion tons in 2022 and account for over 31% of all the powdered soft drinks market consumption.

Despite the introduction of multiple variants to stand-out in the market competition, orange followed by apple continues to capture consumer traction owing to their traditional popularity among consumers. Apple is the second most highly liked flavor in beverages and held nearly 20% of all the powdered soft drinks consumption in 2021.

With the evolving palate of consumers for different flavors, FMI study finds that collectively apple, mango and berry will grow at over 3% y-o-y in 2022 and account for over one-third share of total consumption.

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Sales in Household Application Highest

The study reveals that powdered soft drinks’ huge demand continued in the household application in the past decade. In 2022, sales in the household application will account for over 85% of all powdered soft drinks sales globally. Powdered beverages witnessed significant penetration in household application due to affordability combined with taste.

While the sales in household application continue to grow steadily, FMI shows that purchase of powdered soft drinks among institutional buyers will witness a steady rise with a 3.4% annual growth projected in 2022.

Distribution through Mass Grocery Retailers Significant

Over 38% of all the powdered soft drinks sold in 2021 were through mass grocery retailers. Owing to the affordable prices provided by these retailers, mass grocery retailers remain the prime choice of consumers for grocery purchase. Similar trend follows in powdered soft drinks market wherein consumer purchase of powdered beverages through mass grocery retailers continue to rise.

According to the study, distribution of powdered soft drinks through hypermarket/supermarket and discount stores remains second highest wherein collectively they accounted for 45% of the total powdered soft drinks consumption in 2021.

Pouches and Sachets of Powdered Soft Drinks Highly Preferred Packaging Solutions

FMI thoroughly studied consumer preference for different packaging solutions of powdered soft drinks available in the market. The study shows that pouches and sachets are highly preferred packaging solutions for powdered soft drinks among consumers. Over 86% of the powdered soft drinks sold were packaged in pouches and sachets in 2021. While the status-quo is expected to continue in the future, the FMI study finds that consumption of powdered soft drinks in bulk packaging is expected to at 3.8% annual rate in 2022.

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Europe Leads Consumption, APEC Consumers Grow Rapidly

As per FMI regional valuation, Europe accounted for nearly one fourth of the powdered soft drinks consumer in 2021. North America is the second largest consumer of powdered soft drinks. While the status-quo is expected to continue in 2022, the study reveals that APEC will outsell these prominent consumers beyond 2022. Developing economies in APEC and MEA are likely to witness increasing consumption of powdered soft drinks with the expanding middle class that prefers affordable products in their purchase.

The FMI report tracks the powdered soft drinks market for the period 2022-2027. According to the report, the powdered soft drinks market is projected to grow at 2.6% volume CAGR through 2027.

Global Powdered Soft Drinks Market:Segmentation

Analysis by Flavour:

• Cola
• Orange
• Lemon
• Mango
• Apple
• Berry
• Mixed Fruit
• Others

Analysis by End Use:

• Institutional
• Foodservice/HoReCa
• Household (Retail)

Analysis by Sales Channel:

• Hypermarkets/Supermarkets
• Discount Stores
• Mass Grocery Retailers
• Wholesale Club Stores
• Foodservice
• Others

Analysis by Packaging:

• Carton Boxes
• Pouches & Sachets
• Cans
• Bulk Packaging

Analysis by Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa