Corn Fiber Market to Register a CAGR of 14.7% through 2032

 

According to the recent FMI report, the sales of corn fiber are expected to surpass a value of USD 2.4 Bn in 2032, thriving at a CAGR of around 14.7% through 2032 while its estimated revenue is US$ 0.4 Bn in 2022.

Consumer attitudes toward nutrition are changing, and there is a growing demand for high-quality components, which is anticipated to boost the market growth, pushing the demand for corn fiber.

The corn fiber market share is expected to benefit from a trend toward healthier eating habits and increased disposable income, as well as the product’s widespread availability.

Demand for corn fiber is anticipated to rise due to a lower risk of heart disease and several malignancies, as well as preserving intestinal health, boosting bone mineralization, and enhancing calcium absorption in the body. As a result, pharmaceutical companies are increasingly using soluble corn fiber, boosting the sales of corn fiber.

Corn fiber provides numerous health benefits as it helps to maintain the body’s fiber content. Consumer awareness of the health advantages of fibers is driving demand for corn fiber among customers of various appropriateness levels.

During the teenage and postmenopausal years, fiber aids calcium absorption and retention in the bones. It has prebiotic qualities that help the intestines work better, raising the sales of corn fiber.

Key Takeaways from the Corn Fiber Market Study:

• Over the forecast period, pharmaceutical applications are likely to grow at a CAGR of 7.2%. It is commonly used in supplement manufacture because of its easy digestion and high content of calcium and minerals, pushing the sales of corn fiber
• Up to 2026, the corn fiber market share in North America is expected to grow by more than 16.4%. Consumer attitudes on nutrition are shifting, and improving living standards, combined with rising obesity and cardiovascular death rates, should raise product demand.
• Demand for Corn fiber is likely to be boosted by changing dietary habits, nutrition attitudes, and a growing young population, as well as a quick shift toward high-quality foods.
• The Asia Pacific corn fiber market size is likely to be driven by rising demand for corn fibers as a value-added ingredient by 2032.

“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” -Lead Analyst at FMI.

How’s the competitive landscape of Corn Fiber Market? 

Who is winning?

With the increasing growth of the Internet in every part of the globe, consumers are becoming more aware of the benefits and functional qualities of corn fiber. As a result, food and beverage companies are turning to e-commerce to expand their global reach and presence in the corn fiber market.

Key Competitors:

Some of the leading companies offering corn fiber are Archer Daniels Midland Company, Cargill Inc., Tate & Lyle PLC, SunOpta Inc., J. Retentate & Söhne GmbH & Co. KG, Roquette Frères, HL Agro Products Pvt. Ltd., Ingredion Incorporated, Doshi Group, Grain Processing Corporation, and others.

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Specialty Shortenings Market To Forsee Commendable Growth of US$ 7.1 Bn by 2032

 

The global specialty shortenings market is said to register a CAGR of 4.5% from 2022 to 2032, intended to earn revenue of US$ 7.1 Bn by 2032, up from US$ 4.6 Bn in 2022.

Specialty shortenings are the fatty substances that are majorly used in the bakery and confectionery products. The use of specialty shortenings enables to have a crisp structure and stability in the products such as bread, fillings, icing, and cake. Some other desirable characteristics of the specialty shortenings include bland or pleasant flavour, good shortening power, and long shelf life.

Traditionally cocoa butter has been used as a shortening however, the hike in the prices of cocoa butter has led to the search for the alternatives in the specialty shortenings in the global market. Kokum butter extracted from kokum seed kernels is one such example of the alternative solution, which finds use in cosmetic products. The ease of handling of specialty shortenings across all purposes is creating a positive outlook in the global specialty shortenings market. The products of specialty shortenings are available in dry and liquid form, which can be derived from plants as well as animals.

Plant-based Ingredients Increasing Popularity is also Creating Increased Opportunity for the Plant-based Specialty Shortenings in the Global Market

The global specialty shortenings market is driven by the increasing consumption of processed food and beverage industry around the world. Bakery and confectionery industry is flourishing and expanding at a rapid speed, especially in the Asian countries. The adoption of Western lifestyle and diet habits has resulted in the spread of café culture and specialty bakery franchises in Asia and the Middle East and Africa. With the consumer shift in food habits and easy access is creating a positive outlook in the global specialty shortenings market. Additionally, the global market of specialty shortenings market is also driven majorly by the increasing consumption of chocolate. Chocolate is becoming more popular for its effect in the relieving stress and uplifting the mood, which has affected the increase in the demand for specialty shortenings.

The specialty shortenings are also used in the other industries besides the food and beverage industry such as cosmetics and personal care and pharmaceutical products. The use of cosmetics and personal care products has been steadily increasing in the world, owing to the increased consumer awareness about the products and increased access. Moreover, the emergence of gender-specific cosmetics and personal care products is resulting in the expansion of the cosmetic industry. This, in turn, is increasing the demand for specialty shortenings in the global market.

Specialty Shortenings Market: Key Participants

Some of the market participants in the specialty shortenings market are:

• Bunge North America, Inc.
• Cargill, Inc.
• Archer Daniels Midland Company
• Ventura Foods
• Musim Mas Holdings Pte. Ltd.
• Sime Darby Kempas Sdn. Bhd.
• Tate & Lyle Plc.

The report covers exhaustive analysis on:

• Specialty Shortenings Market Segments
• Specialty Shortenings Market Dynamics
• Specialty Shortenings Market Size
• Specialty Shortenings Supply and Demand
• Current Trends/Issues/Challenges pertaining to Specialty Shortenings Market
• Competition Landscape and Emerging Market Participants in Specialty Shortenings Market
• Technology related to Production/Processing of Specialty Shortenings
• Value Chain Analysis of the Specialty Shortenings Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Specialty Shortenings Market Segmentation

The specialty shortenings market can be segmented on the basis of form, Source, end use, and distribution channel.

On the basis of form, the specialty shortenings market can be segmented as:

• Dry
• Liquid

On the basis of source, the specialty shortenings market can be segmented as:

• Plant-based
• Animal-derived

On the basis of end use, the specialty shortenings market can be segmented as:

• Food and Beverage
• Bakery and Confectionery
• Dairy
• Sauces, Soups, and Dressings
• Cosmetics and Personal Care Products
• Pharmaceutical

On the basis of distribution channel, the specialty shortenings market can be segmented as:

• Direct Sales Channel/ B2B
• Indirect Sales Channel/B2C
• Hypermarket/Supermarket
• Specialty Stores
• Online Retail
• Mass Grocery Stores
• Other Retail Format

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Plant-Based Chorizo Market – Global Industry Overview by Size, Share, Future Scope, Development up to 2032

 

According to the recent FMI report, the sales for plant-based chorizo are expected to surpass a value of US$ 87.6 Mn in 2032, rising at a CAGR of around 8.7% through the end of 2032.

Around the world, animal welfare is improving, leading to an increase in the number of vegans and vegetarians, as well as a desire for plant-based sausage. Health-conscious consumers favor plant-based sausage because it is very nutritional, gluten-free, and non-GMO.

Apart from that, the use of plant-based sausage is increasing in the foodservice industry to attract vegetarian, vegan, flexitarian, and health-conscious customers. The foodservice sector is offering a variety of new plant-based sausage meals on their menus. Plant-based sausage burgers, burritos, biscuits, and other meal options are available at restaurants, motels, and hotels.

Due to the above reason, the total retail food sales are exceeding plant-based food sales. Plant-based food sales increased 11 percent to $4.5 billion in the 52 weeks ending April 2019, according to the Plant-Based Food Association (PBFA), based on data from market researcher SPINS (Chicago).

Apart from expanding diet trends and widespread availability, the product’s protein characteristics are also gaining appeal. In wealthier countries, alternative proteins are growing more popular, and consumers are becoming more aware of them. In industrialized countries, meat for a very long phase has been the predominant source of protein.

However, changing consumer behavior and interest in alternative protein sources, owing to health and environmental concerns as well as animal welfare, has paved the way for the market to expand. It is, therefore, boosting the plant-based chorizo market.

Key Takeaways from the Plant-Based Chorizo Market Study:

• Due to the expanding health consciousness in the region, the North American plant-based chorizo market and is expected to rise at a CAGR of 8.9% by 2031.
• Pea protein is the up-and-coming source of plant-protein chorizo of choice for companies looking to avoid soy-related allergies. Pea protein chorizo is expected to rise at a CAGR of 8% by 2032, FMI.
• The popular vegan trend is propelling the plant-based chorizo market in the Latin American region. According to FMI, the market is expected to rise at a CAGR of 2% by 2032.
• Soy protein chorizo market holds the maximum market value is expected to rise at a CAGR of 8% by 2032. It is due to its nutritional properties and texture to supplement the meat-based chorizo.
• With a CAGR of nearly 2% over the projected period, the hash is expected to be the fastest-growing application. It is due to the constant innovation with plant-based food products in terms of flavors which is gaining traffic to the plant-based chorizo market.

“The players in the plant-based chorizo market can keep a stronghold on the developments in the market posing opportunities for application of plant-based chorizo. The major businesses are concentrating their efforts on new releases and significant investments in R&D. These actions give them a much-needed competitive advantage over their competitors. They are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency.” said a lead analyst at FMI.

Who is winning?

Key players operating in the global plant-based chorizo market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering plant-based chorizo Chipotle, RollinGreens, Beyond Meat, Blue Tribe, Impossible Foods, Lightlife Foods, Tofurkey, No Evil, Field Roast, Simple Truth, and Others.

Get Valuable Insights into Plant-Based Chorizo Market 

FMI, in its new offering, provides an unbiased analysis of plant-based chorizo presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Plant-Based Chorizo Market by Category

By Source, Plant-Based Chorizo Market is segmented as:

• Pea Protein
• Soy Protein
• Other Sources

By Application, Plant-Based Chorizo Market is segmented as:

• Hash
• Tortilla Wrap
• Salad
• Rolls
• Stuffed Dishes
• Hot Dog
• Other Applications

By Distribution Channel, Plant-Based Chorizo Market is segmented as:

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Independent Small Groceries
• Online Retail
• Other Retail Formats

Frequently Asked Questions

• How big is the Plant-Based Chorizo Market?
• What is the North America Plant-Based Chorizo Market Outlook?
• At What Rate will Plant-Based Chorizo Demand Grow in Europe?
• What Are the Key Trends Shaping the Plant-Based Chorizo Market?

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Cheese Alternative Market Growth, Future Prospects and Competitive Analysis 2032

 

The cheese alternative market share is expected to grow at a CAGR of 8.3% and reach a valuation of US$ 9.6 Bn by 2032.

The cheese alternative market outlook is projected to grow as consumers are on the lookout for healthy alternatives to dairy products due to the rise in cases of obesity & hypertension and adopting a healthy lifestyle to stay fit and improve their quality of life.

Therefore, the demand for cheese alternative products is likely to increase in the marketplace by end-users.

Consumers are purchasing products made from natural ingredients that do not contain animal-derived products. These factors are expected to positively influence the sales of cheese alternative products during the forecast period.

Many companies in the cheese alternative market are investing in developing products with a high nutritional profile but maintaining the conventional taste and texture of products. Cheese is an essential ingredient in different food products consumers ingest throughout the day.

It is harmful to consume cheese in higher amounts as it contains fats. As a result, consumers are searching for substitutes with better national value and low fats. Therefore, the demand for cheese alternative products is expected to rise in the near future.

Demand for cheese alternative products is likely to be high in North America and Europe due to the easy availability of cheese alternatives at affordable prices.

Consumers are aware of the benefits of maintaining good health and are preventing food products that adversely affect their health which is likely to boost the cheese alternative market growth in the forecast period.

To utilize the shift in consumer preference, key players are launching different plant-based substitutes of cheese that are GMO-certified and gluten-free. Furthermore, due to these factors, the sales of cheese alternative products are anticipated to rise throughout the forecast period.

Key Takeaways from Market Study

• The cheese alternative market statistics are expected to increase at a CAGR of 6.7% and 6.4% in North America and Latin America, respectively, through 2032.
• The Asia Pacific is expected to account for 20% of its market share during the assessment year.
• The European cheese alternative market share is expected to reach the US$ 84 Mn by 2032.
• Growing customer preference for healthy and wholesome diets is driving sales of cheese alternative products globally.
• By Form Type, the cheese dips hold the highest cheese alternative market trends and are expected to increase at a CAGR of 7% during 2022-2032.

“Consumers are emphasizing on maintaining good health by consuming products that do not contain high amounts of fats, sugar and carbohydrates. Companies that interpret change in consumer need for healthy food alternatives are expected to generate more revenue in long run. Key players are focusing on developing plant- based alternatives that do not contain any chemical ingredients”- Analyst at Future Market Insights.

Competitive Landscape

Key players in the cheese alternative market are collaborating and developing new product lines to penetrate untapped markets during the forecast period.

• Tofurky, the iconic vegan brand, is likely to expand its Moocho sub-line with additional vegan cheese products. Three types of vegan cheese shreds (Mozzarella, Cheddar, and Fiesta Blend) and three flavors of cream cheese are among the new goods (Plain, Garden Vegetable, and Strawberry).

Information Source: https://www.futuremarketinsights.com/reports/cheese-alternative-market

 

Fat Replacers Market - Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

 

The fat replacers market is expected to witness growth at a CAGR of 6.4% over the forecast period, reaching a valuation of US$ 4.5 Bn by 2032.

Though consumers are well versed with risks of consuming fats daily, people find it hard to cut down on their fat intake because fat makes meals flavourful and tempting. Under such circumstances, fat replacements are great options.

Fat substitutes are a safe and effective way to retain food palatability while improving overall calorie control. Fat replacers can be used to develop different food products rich in taste and low in fat content without adding on the pounds.

Eating low-fat foods lessens overall calorie intake, resulting in weight loss. Fat substitutes can drastically improve the diet quality and aid in weight loss and maintenance. Salad dressings made with fat alternatives may encourage people to eat more vegetables and fruits which in turn will boost their immunity.

Obesity and its complications can be effectively tackled by combining a diet with fibre-based fat replacer and healthy lifestyle. Other benefits associated with consumption of fat replacer are enhanced glucose tolerance, higher HDL, lower lipid levels and systolic blood pressure, which would lower the risk of type 2 diabetes and cardiovascular disease

Surge in consumer spending capacity and easy availability of product variants across North America, Europe, and Asia has made it possible for customers to splurge on healthy and nutritious food products. On the back of the aforementioned factors, the fat replacers market is expected to expand at a considerable pace over the assessment period.

“Increasing adoption of fat replacers in the bakery and confectionery sector, along with rising demand for functional foods across the globe will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• The fat replacers market is expected to increase at CAGRs of 6.3% and 6.5% in North America and the Europe, respectively, through 2032.
• Market share of Latin America and Oceania is 4.9% and 4%, respectively, in 2022.
• The European fat replacers market is expected to reach USD at 528 Mn
• Growing customer preference for healthy and nourishing food and beverages to drive the sale of low-fat replacers across global markets.
• By source, plant-based replacers the holds the highest market share and is expected to increase at a CAGR of 6.0%.

Competitive Landscape

Key manufacturers operating in the global fat replacers market are focusing on research & development to offer different varieties of low-fat content replacers. Leading players are also offering products that are organically sourced and non-GMO certified. For instance:

• Global ingredient solutions company Ingredion has introduced NOVATION® Indulge 2920 starch a functional native starch to its range of clean and easy co-texturisers. The new offering is a corn-based starch that can help promote lower-fat and lower-calorie consumables as well as the production of healthy foods.

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Spelt Milk Market to Witness an Explosive CAGR of 6.8% Till 2032

 

According to a recent report by Future Market Insights, market research and competitive intelligence provider, spelt milk market share is estimated to reach a value of USD 405.4 Million by 2032, surging at 6.8% CAGR through the decade.

With such initiatives taken by well-established spelt milk market players, the market is expected to grow rapidly following COVID-19. With such initiatives taken by well-established spelt milk market players, the market is expected to grow rapidly following COVID-19.

Increased research activities into the benefits of spelt, on the other hand, will lead to the creation of new opportunities in the spelt milk market during the forecast period. Due to the wide range of substitutes, demand for spelt milk like hazelnut milk and almond milk is high.

During the projected period, the prevalence of gluten and the accessibility of finding product substitutes would serve as limitations on the growth of the spelt milk market. People desire to opt for healthier products, increasing the spelt milk market statistics, as dairy products, which are often high in calories, and consumers are moving towards a healthy lifestyle.

Due to the boom in marketing operations within the region, Europe controls the spelt milk market. Owing to the increase in disposable income in the region, the North America spelt milk market is predicted to grow significantly between 2022 and 2032.

Key Takeaways from Market Study

• The spelt milk market is expected to have a CAGR of 6.8% during the forecast period.
• China dominates the East Asian spelt milk market. This is primarily due to the numerous health and nutritional benefits of spelt milk.
• In the U.K., the spelt milk market is expected to have a share of USD 14.3 Mn in 2022.
• Based on ingredients, the spelt milk market is segmented into the fiber, gluten, proteins, vitamins, and minerals.
• Spelt milk market sales are likely to account for a part of the demand in the global plant-based milk market, valued at USD 14 Bn in 2022.
• With several initiatives taken by well-established spelt milk market players, the spelt milk market is expected to grow rapidly following COVID-19.

“Increasing demand for milk that is easily digestible, increasing usage of spelt milk due to its anti-stress properties and high content of nutrition, and the availability of flavored and natural spelt milk are all factors that will aid in the growth of the spelt milk market during the forecast period, ”says a lead analyst at Future Market Insights.

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Who is Winning?

To develop new plant-based milk products, major spelt milk producers are focusing on research and development and innovation. Manufacturers are also heavily investing to improve their operational capabilities and expand their product footprint globally.

Some of the primary measures players are employing to take advantage of the spelt milk market opportunities include frequent product launches, geographic expansions, and distribution agreements to expand their consumer base.

Some of the top players in the spelt milk market are THE BRIDGE S.R.L, Allos, Natumi Organic, Provamel, Ecomil, Isola Bio (AbafoodsSrl), Poggio Organic, and BioSophia.

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Chinese Takeout Market is thriving worldwide by 2032

 

The Chinese takeout market is predicted to account for US$ 107.8 billion in 2032, up from US$ 62.7 billion in 2022, advancing at a CAGR of 7.2% during the forecast period (2022-2032).

Consumers are looking for items that are manufactured with fresh, organic, and high-quality ingredients, and some are even converting to plant-based options, encouraging the Chinese takeout market size. Growth in the use of technology in ordering and deliveries is unavoidable, as digital natives contribute a higher percentage of transactions in the future.

Over the predicted period, Chinese takeout market statistics are predicted to improve at the fastest rate. Consumers’ good consumption patterns have altered dramatically as their living standards have grown.

Greater disposable income and a burgeoning eating-out culture have pushed demand for Chinese takeout in emerging countries. Emerging Chinese takeout market trends, such as consumers becoming increasingly aware of food safety problems, organic eateries are getting more popular.

The demand for Chinese takeout food services is growing as the country’s residents seek a more convenient lifestyle, implying that the food service business would expand in the future. Younger consumers are driving the Chinese takeout market, as they define and influence purchase patterns and are more adventurous in their tastes.

During the projection period, North America is expected to grow at a CAGR of 22.4%. With the United States’ dominance in the world reportedly being overtaken by China’s, the Asian giant’s cuisine is beginning to take center stage. In 2022, the urban population is predicted to grow, creating an opportunity in the Chinese takeout market.

Key Takeaways

• The Chinese takeout market is predicted to develop at a CAGR of 7.2%, with a market share of US$ 107.8 billion through 2032.
• The Chinese takeout market share in North America is estimated to have a CAGR of 22.4% through 2032.
• The Chinese takeout market in Europe is expected to have a prodigious CAGR of 21.4% through 2032.
• The Chinese takeout market in East Asia is expected to have a prodigious CAGR of 29.4% through 2032.
• The Chinese takeout market is having a market share of US$ 62.7 billion in 2022.
• Countries like the US, China and Germany hold a total share of 36.8% of the Chinese takeout market.
• The independent food service segment of the Chinese takeout market, based on ownership, is expected to grow at an annual rate of 65.3% through 2032.

Competitive Landscape:

Lo Mein, Manchu Wok, Asian Chao, City Wok, Din Tai Fung, Pei Wei Asian Kitchen, Chinese Gourmet Express, Bd’s Mongolian Grill, P.F. Chang’s, Mr. Chow, South Beauty, Goubuli, Haidilao, Morals Village, Lianxiang Lou, and Other Players are some major key players in the Chinese takeout market. It is expected from the legacy players to accelerate efforts to gain additional Chinese takeout market share through the right injection of funds.

Some of the primary measures players are employing to take advantage of the Chinese takeout market opportunities include frequent product launches, geographic expansions, and distribution agreements to expand their consumer base.

Recent Developments:

• In accordance with Australian corporate law, Yum! Brands announced the completion of its acquisition of Dragontail Systems Limited (Dragontail), an AI-based innovative provider of technological solutions for the food sector, in 2021.
• McDonald’s said in 2021 that it would test its first-ever plant-based burger, the McPlant, in China, as part of a strategic three-year relationship with Beyond Meat Inc.
• Restaurant Brands International, Inc. and Ant Group established a regional cooperation in 2021 to accelerate the digital transformation of its restaurant operations across Asia-Pacific.

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Flavored Yogurt Market - Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

 

global Flavored Yogurt market is expected to reach a market valuation of USD 32.8 Bn by the year 2022, accelerating with a CAGR of 7.4% by 2022-2032. Flavored Yogurt sales are likely to account for ~30.9% of the demand in the global adhesive tapes market, valued at USD 106.2 Bn in 2022.

In the worldwide food and beverage business, the demand for innovative and exotic flavors is growing significantly. Aromatic and plant-based or vegetable-based yogurts, such as beet, carrot, and squash, are being introduced by companies. These products can be eaten as snacks or used in recipes. Furthermore, these plant-based yogurts are high in nutrients, which appeals to the millennial generation.

As a result, there will be a beneficial impact on the worldwide non-dairy yogurt market. Cargill Inc., for example, sells PURIS pea protein, which is made from yellow peas and processed without hexanes. The company has created a yogurt prototype that is functionally creamier and has a superior mouthfeel using the clean-tasting pea starch and pea protein ingredients.

 “Consumers’ shifting dietary patterns toward the use of flavored yogurt as a dessert and as an important dietary component has influenced the rise of yogurt and made it a popular food item in recent years.” said a lead analyst at FMI.

Drinkable Flavored Yogurt Among Fastest Growing Breakfast Trends

Drinkable flavored yogurt is growing in popularity as a way to feed the body at the start of each day, thanks to consumer demand for more protein, better nutrition, and convenience. Many people’s daily routines are incorporating flavored yogurt and fruit smoothies containing nonfat yogurt, which have a higher nutritional value than most other popular breakfast options. In addition to helping consumers strengthen and grow muscles and control their appetite, yogurt can also help them regulate their digestion.

These advantages can be included in food formulations, making it easier to appeal to clean label campaigns and comply with new label standards. While drinkable yogurt stands apart from other conventional forms, there are other methods for these products to catch buyers’ attention. In the past, common flavors like strawberry, vanilla, and other fruit flavors were the norm, but now, imaginative producers are creating flavor profiles that are both decadent and enticing while also being low in sugar and fat.

Who is winning?

Some of the leading companies offering flavored yogurt are General Mills, Inc.; Danone S.A., Nestle S.A., Chobani LLC, Lactalis, Fonterra Co-operative Group, Arla foods, Yakult Honsha Co., Ltd., ULTIMA FOODS, Chobani, LLC., Sodiaal, Müller UK & Ireland, Rainy Lanes Dairy Foods Ltd., Parmalat S.p.A., Chi Limited, Cargill, Incorporated., Mother Dairy Fruit & Vegetable Pvt. Ltd., Britannia Nutrition Foundation, and Others.

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Lunch Takeout Market Will Generate Record Revenue by 2032

 

The global lunch takeout market was worth USD 215.3 billion in 2021, with a compound annual growth rate (CAGR) of 5.9 percent predicted from 2022 to 2032.

The increased desire among millennials for home-cooked and chef-prepared meals are one factor fuelling the growth of the lunch takeout market. The delivery service has expanded in popularity and use among generations Y and Z.

The advantages of cooked meals, which are less expensive than takeout and home delivery, are fuelling the product’s growing appeal and adoption of lunch takeout. This is fuelling the growth of the lunch takeout sector.

The lunch takeout market analysis indicates that while millennials have overtaken baby boomers in terms of population, boomers still account for a significant share of the population, and their eating habits have a significant impact on the home cooking sector.

Lunch takeout is a great alternative because meal preparation ahead of time drastically lowers food wastage. Lunch takeout contains components in the exact quantity needed to cook a meal because each portion is pre-measured.

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Despite the fact that some delivery services serve greater meals, they nonetheless provide calorie counts and nutritional information based on the portions. These new lunch takeout market trends have been specifically designed for the millennial age.

Supply chain and logistical costs will limit the size of the lunch takeout sector.

This cost includes order fulfillment, shipping, adjusting business resources to shifting market demand, and last-mile connectivity. There are also charges for cardboard box packaging, gas, mileage, and hiring a driver. According to the lunch takeout market analysis, the supply chain and infrastructure must be in place to prevent foods with a limited shelf life from decomposing.

Customers in the United States have been increasing their desire for lunch takeout, with several delivery service companies offering single and multiple portions. Cooking at home, for example, is less expensive than going out to eat.

The adoption of lunch takeout has increased globally. In addition, the availability of the product has made cooked dinners more time-efficient than takeout and home delivery services. Food preparation at home also gives you complete control over the items you use, which is advantageous for people who are allergic to or trying to avoid certain foods. This has had a tremendous impact on the lunch takeout market throughout the years.

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Key Takeaways:

• In 2021, the cook and eat sector dominated the lunch takeout market, with a revenue share of 60.7 percent.
• From 2022 to 2032, the lunch takeout market size in Asia Pacific is predicted to grow at an annual rate of 18.8%.
• In 2021, the online segment dominated the demand for lunch takeout, accounting for 63.2 percent of total revenue.
• The non-vegetarian sector dominated the lunch takeout market, accounting for 63.7 percent of total revenue.

Competitive Landscape:

There are a few well-established participants in the lunch takeout market, as well as a number of small and medium-sized businesses. Mergers, acquisitions, and product launches are still among the industry’s most important strategic activities.

The key players operating in the lunch takeout market are Einstein Noah Restaurant Group, Inc., Manchu Wok, HuHot Mongolian Grill, Panda Express, Olive Garden, Mama Fu’s, McDonald’s Corp. (MCD), Domino’s Pizza, Inc. (DPZ), Bloomin’ Brands, Inc. (BLMN), Autogrill SpA (ATGSF), Yum China Holdings, Inc. (YUMC), Spaghetti Warehouse, and Fazoli’s.

Recent Development:

In August 2021, Freshly Inc. launched its first-ever plant-based prepared meals line, ‘Purely Plant,’ with six new meals made with clean, whole-food ingredients to address consumer demand for variety, taste, nutrition, plant-based meal options, and convenience. Meals that can be heated and served in three minutes require no preparation.

In November 2020, HelloFresh paid USD 277 million for Factor75, LLC. The purchase was undertaken to assist HelloFresh expand its client base and strengthen its position in the US market.

In October 2020, Nestlé paid USD 950 million for Freshly Inc. Freshly Inc.’s growth was aided by this acquisition, which also allowed Nestlé to enter a fast-growing industry in the United States.

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Brewing Enzymes Market Is Developing Rapidly With 6.4% CAGR By 2032 | FMI

 

Total sales in the global brewing enzymes market are anticipated to grow at a CAGR of 6.4% over the forecast period and expected to reach a valuation of US$ 409.3 Mn in 2022 and projected to reach a valuation of US$ 761.2 Mn by 2032. The brewing enzymes market accounts for around 17% of the global food enzymes market, which was valued at US$ 2.2 Bn in 2021.

Increasing urbanization and rising demand for alcoholic beverages across pubs and bars is expected to fuel sales of brewing enzymes. In addition to this, demand for light beers is increasing, as consumers are becoming more health conscious. This is expected to have a direct impact on the demand for brewing enzymes.

Furthermore, increasing demand for beer, wine, and industrial enzyme is propelling the brewing enzymes industry, as breweries utilize industrial enzymes to speed up the processing and produce uniform and high-quality products.

Additionally, it is possible to change the flavor and color of these alcohols by adding enzymes during the brewing process, as a result producers are not afraid to experiment and provide new flavors to the market.

“Technological advancements in craft brewing, along with rising demand for low-alcoholic beers across various countries will boost sales of brewing enzymes over the forecast period,” says an FMI analyst.

Key Takeaways:

• The global brewing enzymes market is expected to reach a valuation of around US$ 409.3 Mn in 2022.
• Based on application, the beer segment is expected to account for more than half of the total market share over the forecast period.
• Demand in the North America brewing enzymes market is expected to grow at a 6.3% CAGR through 2032.
• In terms of form, sales of liquid brewing enzymes will continue gaining momentum.
• East Asia is expected to emerge as a lucrative market for brewing enzymes over the assessment period.

Competitive Landscape

Due to the presence of strong regional and domestic players in several countries, the global market for brewing enzymes is fragmented. Mergers, expansions, acquisitions, and partnerships, as well as new product development, are among some of the strategies used by manufacturers to increase brand exposure. For instance:

• Associated British Foods plc strengthened its collaboration with Genedata AG, a renowned provider of specialized software solutions for R&D, to digitalize strain development in order to speed up the identification of new brewing enzymes.
• Kerry announced a new technical partnership with Ginkgo Bioworks, a microbe startup that creates tailored microorganisms for specific applications. Kerry and Ginkgo collaborated to enter the enzyme business, expanding their market presence, and leveraging each other’s technology and processes to increase the development of specialized food enzymes.

Read More: https://www.futuremarketinsights.com/reports/brewing-enzymes-market

 

 

Fresh Figs Market Demonstrates A Spectacular Growth Rate 6.15% between Forecast Period 2032

 

Fresh figs are the fruits of fig tree that only produce fruit once a year. Figs are native to the Mediterranean region, although they are currently farmed all over the world. The fresh figs market is valued at nearly US$ 1.4 Bn in 2022. The market is likely to grow at a CAGR of 5.3% through 2032 with a projection value of US$ 2.3 Bn.

Fresh figs are the nuts of fig trees and bear fruit only once a year. Fig is currently cultivated all over the world, but it grows naturally in the Mediterranean region.

Both fresh figs and processed fig-based products are used by manufacturers for incorporation into a variety of foods and beverages. Recently, the increasing availability of fresh organic figs has also boosted demand in developed countries.

Today, lifestyles are becoming tenser and tenser, and the prevalence of serious illnesses is very high. This has led to increased adoption of healthy diets and increased consumption of functional foods at the recommended daily intake (RDA). The health benefits of consuming fresh figs have led to their inclusion in a variety of foods and beverages, both in the home and in the processing industry. As people become more aware of the health benefits associated with them, the demand for fresh figs from the home is also increasing. In addition, growing health concerns have led consumers to look to external supplements to get the nutrients they need. This has increased the demand for functional, health-based foods such as protein bars and protein shakes, as well as the demand for fresh figs from these industries.

Key Takeaways from Market Study

• In 2022, the Middle East and Africa region is the largest market for fresh figs market and holds 71.2% of the market share.
• Greece, Italy, and France are among the top 3 countries for fresh figs in Europe, collectively accounting for nearly 50% of sales.
• As fresh figs grow only once a year in a particular season, any adverse climatic conditions could negatively affect the cultivation of this fruit, and can also affect its quality.
• Turkey, situated in the Mediterranean region, is one of the leading fig-producing countries in the world.
• Organic fresh figs have a higher value in the global market as compared to conventional fresh figs.

“ Tensed lives and incoming new and deadly diseases every other day has led to increased adoption of healthy diets and increased consumption of functional food with the recommended dietary allowance (RDA) which has led to increasing in demand of fresh figs ingredients common in RDA ultimately leading to the growth of fresh figs market,” says a lead analyst at Future Market Insights.

Who is Winning?

Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.

Some of the leading companies offering fresh figs are Hadley Fruit Orchards, Inc., Roland Foods LLC, Meurens Natural S.A., FruitLips, Jiaherb, Inc., Athos Agricola S.A., Earl’s Organic Produce, Alara Agri, Isik Tarim A.S., Valley Fig Growers, Inc., Kirlioglu Figs, Yabanfood, National Raisin Company, Torres Tropical Fresh B.V.

Read More: https://www.futuremarketinsights.com/reports/fresh-figs-market

Vegan Butter Market Business Outlook, Revenue, Trends and Forecasts 2030

 

According to a new report from ESOMAR-certified market research and consulting firm Future Market Insights (FMI), the global plant-based butter market surpassed US$ 2.4 Bn in 2020. The market study has tracked demand in more than 20 countries, with a comprehensive section on the effects of the covid-19 pandemic on the industry.
The growing popularity of Vegan Butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on Vegan Butter Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with Vegan Butter sales gaining significant traction.

As per the Food Industry Association, around 30% of households are home to vegan, vegetarian, flexitarian, or pescatarian consumers. This trend is creating opportunities for growth for Vegan Butter manufacturers. Demand for Vegan Butter can also be attributed to the growing consumer preference for clean-label, natural foods, which is pushing dairy producers to develop and launch vegan alternatives.

Key Takeaways Global Vegan Butter market to exhibit CAGR exceeding 7.5% through 2030 Soy-milk based butter held nearly 40% share in 2020 Online retail distribution to register relatively faster growth, aided by benefits in terms of consumer engagement US to remain the largest market, pegging North America to surpass US$ 200 Mn in 2020“The Vegan Butter market is a nascent phase and is being increasingly viewed as a high-potential product in the dairy alternative industry, as a healthy alternative to conventional fatty food products, which will aid growth in the market for the foreseeable future,” says a FMI analyst.

Covid-19 Impact AnalysisThe covid-19 pandemic has resulted in substantial changes in the dietary preferences of consumers around the world. Concerns over transmission of the virus through animal based products has aided the adoption of plant-based alternatives.

Also, Vegan Butter can be sourced from oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk among others, allowing for a wider flavor range. While demand from the food service sector is likely to drop owing to lockdown restrictions, home consumption with sales through online sales is expected to rise.

The prospects of the Vegan Butter market has widened since early 2020. As per the Good Food Institute, sales of plant-based foods surpassed that of animal based alternatives since the advent of the crisis, and will continue through the forecast period.

Who is Winning?The Vegan Butter market is competitive and characterized by the presence of small and mid-scale players. Leading manufacturers are effectively leveraging demand for natural, clean label products, with the aim of geographic expansion and widening product portfolios for long term growth.

Some of the leading players in the Vegan Butter market include Conagra Brands Inc., Upfield Foods, Miyoko’s Creamery, Wayfare Food, Prosperity Organic Food Inc., Lyrical Foods Inc., Califia Farms, Premier Organics, Naturli Foods, Ekogram-the real food, Wildfriend Foods, The J.M. Smuker Co., The Leaviet Corp., Milkadamia, among others.

More Valuable Insights on Vegan Butter Market 

Source

Oat Milk Rice Milk Corn Milk Soy Milk Pea Milk Almond Milk Coconut Milk Cashew Milk Flax Milk Hemp Milk Others

Distribution Channel

B2B Hotels Restaurants Cafes B2C Hypermarket/Supermarket Convenience Stores Specialty Stores Mom and Pop Stores Discount Stores Food & Drink Specialty Stores Independent Small Groceries Online Retail Others

Region

North America (U.S. & Canada) Latin America (Mexico & Rest of LATAM) Europe, Middle East & Africa Asia Pacific (Greater China, South East Asia, Japan, India, South Korea, Australia, New Zealand)

Read More: https://www.futuremarketinsights.com/reports/plant-based-butter-market

Plant-based Butter Market 2022 SWOT Analysis, Key Business Strategies by Leading Industry Players and Forecast 2030

 The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating market to grow nearly 7% y-o-y in 2021. Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with plant-based butter sales gaining significant traction.

As per the Food Industry Association, around 30% of households are home to vegan, vegetarian, flexitarian, or pescatarian consumers. This trend is creating opportunities for growth for plant-based butter manufacturers. Demand for plant-based butter can also be attributed to the growing consumer preference for clean-label, natural foods, which is pushing dairy producers to develop and launch vegan alternatives.

Key Takeaways Global plant-based butter market to exhibit CAGR exceeding 7.5% through 2030 Soy-milk based butter held nearly 40% share in 2020 Online retail distribution to register relatively faster growth, aided by benefits in terms of consumer engagement US to remain the largest market, pegging North America to surpass US$ 200 Mn in 2020“The plant-based butter market is a nascent phase and is being increasingly viewed as a high-potential product in the dairy alternative industry, as a healthy alternative to conventional fatty food products, which will aid growth in the market for the foreseeable future,” says a FMI analyst.

Covid-19 Impact AnalysisThe covid-19 pandemic has resulted in substantial changes in the dietary preferences of consumers around the world. Concerns over transmission of the virus through animal based products has aided the adoption of plant-based alternatives.

Also, plant-based butter can be sourced from oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk among others, allowing for a wider flavor range. While demand from the food service sector is likely to drop owing to lockdown restrictions, home consumption with sales through online sales is expected to rise.

The prospects of the plant-based butter market has widened since early 2020. As per the Good Food Institute, sales of plant-based foods surpassed that of animal based alternatives since the advent of the crisis, and will continue through the forecast period.

Who is Winning?The plant-based butter market is competitive and characterized by the presence of small and mid-scale players. Leading manufacturers are effectively leveraging demand for natural, clean label products, with the aim of geographic expansion and widening product portfolios for long term growth.

Some of the leading players in the plant-based butter market include Conagra Brands Inc., Upfield Foods, Miyoko’s Creamery, Wayfare Food, Prosperity Organic Food Inc., Lyrical Foods Inc., Califia Farms, Premier Organics, Naturli Foods, Ekogram-the real food, Wildfriend Foods, The J.M. Smuker Co., The Leaviet Corp., Milkadamia, among others.

More Valuable Insights on Plant-based Butter Market 

Source

Oat Milk Rice Milk Corn Milk Soy Milk Pea Milk Almond Milk Coconut Milk Cashew Milk Flax Milk Hemp Milk Others

Distribution Channel

B2B Hotels Restaurants Cafes B2C Hypermarket/Supermarket Convenience Stores Specialty Stores Mom and Pop Stores Discount Stores Food & Drink Specialty Stores Independent Small Groceries Online Retail Others

Region

North America (U.S. & Canada) Latin America (Mexico & Rest of LATAM) Europe, Middle East & Africa Asia Pacific (Greater China, South East Asia, Japan, India, South Korea, Australia, New Zealand)

Read More: https://www.futuremarketinsights.com/reports/plant-based-butter-market

Plant-Based Spreads Market is expected to witness Incredible Growth during 2022-2032

 

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Plant Based Spreads are estimated to reach a value of USD 667 million by 2032, surging at 5.4% CAGR through the decade. 

As people become even more increasingly health – conscious across the world, there is a growing desire for healthier foods.  Plant-based food firms are projected to experience development prospects over the years, despite supply chain interruptions, panic purchasing, and storage.The vegan spreads and dips sector ensures that food is shelf-stable, has a longer shelf life, has a better flavour, and allows consumers to stock up on food without fear of it spoiling. During the pandemic’s early stages, consumers are decreasing their time in stores and supermarkets, but they are also stocking up on food and packaged products containing food additives as a possible treatment.  

Key Takeaways from Market Study 

• North America is expected to have 38% Plant Based Spreads market share.
• US holds 65 % Plant Based Spreads market share in North American Market. 
• Europe is expected to have 31 % Plant Based Spreads market share.
• Germany holds 22 % Plant Based Spreads market share in European Market. 
• Asia is expected to have 20 % Plant Based Spreads market share.
• China holds 32 % Plant Based Spreads market share in Asian Market. 
• Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“ The growing focus on the consumption of plant based products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights. 

Competitive Landscape 

Plant Based Spreads have a strongly competitive global market. To stay ahead of the game and outperform their competitors, The major businesses are proposing a variety of methods and concepts in order to boost sales and meet the wants of all areas. They’re focusing on increasing production capacity and also doing research and innovation to create new products. 

Some of the leading companies offering Snack Pellets are Follow Your Heart, DAIYA FOODS INC., Meridian Group., Amy’s Kitchen, Inc., B&G Foods, Inc., Litehouse, Inc., Red Duck Foods, Inc., Majestic Garlic, Bear Pond Farm, KENSINGTON & SONS, KATE HILL, WayFare Health Foods, Good Foods Group, LLC, Galaxy Nutitional Foods, Inc., Frito-Lay North America, Inc., Frito-La. are the major players in the market. 

Get More Valuable Insights 

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

Plant-Based Spread Market By Category

Plant-Based Spreads Market, By Type of Spreads:

• Lard
• Margarine
• Nut Butters
• Legume-based spreads
• Veggie Pâtés
• Pestos
• Guacamole
• Hummus
• Vegan Cream Cheese
• Vegan Herring Salad
• Jam
• Others

Plant-Based Spreads Market, By Source of Spreads:

• Pulses
• Vegetable Oils
• Nuts
• Seeds
• Grains

Plant-Based Spreads Market, By Distribution Channel of Spreads:

• Hypermarket and Supermarket
• Convenience Store
• Specialty Store
• Online Channel

By Region, the Plant-Based spread Market is Segmented as:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

Read More: https://www.futuremarketinsights.com/reports/plant-based-spreads-market

Food Colors Market Comprehensive Research Study, Regional Growth, Business Top Key Players Analysis by 2032

 

The global food colors market is projected to reach a market valuation of USD 2.6 billion by the year 2022, accelerating with a CAGR of 7.3% by 2022-2032. 

FMI analysis displays that food colors will account for nearly USD 5.3 Bn market value in the global market in 2032. The food colors market exhibited a consumption by volume of more than 185,000 metric tons in 2021 and is anticipated to have a consumption of about 340,000 metric tons by 2030.

Market research by FMI also suggests that the demand in the natural food colorants sector is expected to grow at 8.1%, the fastest among other types during the forecast period. The need for natural food ingredients along with traceability of their origin and extraction process has become an important factor due to COVID-19. People are more conscious of food ingredients, propelling the demand for natural food colors over synthetic ones. Natural food colors are also being highly used in the augmenting organic foods market. 

The global food colors market is driven by the highly growing demand for innovative food choices of people, and altering taste and food appeal preferences due to the rise of social media. An increase in consumer awareness for clean-label food products and the additional health benefits that certain natural food colors have is estimated to drive the market for food colors.   

Key Takeaways from the market study 

• The global food colors market showed growth at 6% CAGR during the last five years.
• Natural food colors are exorbitant in comparison with their counterparts, this is evident as it accounts for over 67% of sales by value but only 26% by volume of the overall food colors market.
• By application, the beverage segment has over 22% of the food colors market share. Also, the demand for beverages is expected to accelerate with a CAGR of 8% through the course of the assessment period. 
• Among beverages, carbonated soft drinks consume the most food colors. This sub-segment utilized approximately 8000 metric tons of food colors in 2021 worldwide.
• Water-soluble food colors, e, dyes commanded the bigger share of the global food colors market over lakes. The water-soluble food colors have always witnessed a huge demand from the food and beverage industry due to their properties like excellent quality-price ratio, highly concentrated color, and high stability in water.

“Increasing demand for Food Colors, especially Natural Food Colors from various end-use industries, including bakery & confectionery, dairy products, food & beverages, meat & poultry, and seafood will continue augmenting growth in the market. Hence, there is a huge scope for market players to command over the ballooning demand for natural food colors, especially if they have competitive prices. To gain a competitive edge, the market players should focus on expanding their production facilities into emerging economies and strive to make costs as low as possible along with quality assurance.” Says a Future Market Insights Analyst 

Competitive Landscape 

Food Colors Market players have been modifying the product to attract end-user industries and consumers. They have been exploring the Natural food colors territory along with making technical strides in other food color palettes.  

• Manufacturers such as Chr. Hansen Holding A/S is improvising on the products by investing in research and development, launching new ones, and acquiring regional innovative units. Manufacturers are diversifying towards various applications in pet foods to expand the food colors consumption. Besides this, they are focusing on better distribution channels like e-commerce to gain a competitive edge. 
• In 2021, GNT Group launched coloring foods made from turmeric and spirulina for helping the cost-effective green, clean-label food ingredients sector.
• In 2020, Phytolon, an Israeli start-up firm secured funding of USD 4.2 million for their fermentation-based technology to create natural, high-quality food colorings.

Read More: https://www.futuremarketinsights.com/reports/food-colors-market 

 

Betanin Food Color Market Emerging Trend, Top Companies, Industry Demand, Business Review and Regional Analysis by 2032

 

Betanin Food Color Market analysis by Future Market Insights tells that the market is expected to reach a market valuation of nearly USD 91 mn by the year 2022, and thereafter accelerating with a CAGR of 4.7% between 2022-2032. Betanin food color sales are accounted for ~5.6% of the sales in the global natural food colors market which was valued at US$ 1.6 Bn in 2021.

Large-scale food manufacturing corporations are moving their focus on adding powdered betanin to their final product in order to promote the health profile of food products, in an attempt to cope with the changing consumer preferences. One such trend observed is in the soups, sauces, and dressings industry where beetroot red is added in the dry sauce mix packs. 

Other common uses of betanins also include coloring ice creams, confectionery, and beverages. Betanin is also used for coloring meats and sausages. Betanin or beetroot red is a vibrant red-colored pigment that is used as a food dye naturally obtained from a plant. Beetroots or other raw plants are strained, diffused, or pressed at a low pH to produce water-soluble betanin. 

Increasing in the consumption of different organic end-use products, increase in the investment of huge amounts of money to set up food and beverage manufacturing and sales facilities, rise in the population, increase in the disposable income, and increase in the demand of betanin in developed and developing countries are driving the betanin food colors market. 

Key Takeaways from Market Report 

• The overall natural food colors market is expected to expand at a CAGR of 5% in North America through 2032, while the betanin food colors market is anticipated to grow at a rate of 5.7% in the region.
• The European betanin food colors market is currently pegged at 1550 metric tons by volume and USD 22 mn by value. The demand for beetroot red is about to grow at 3% CAGR between 2022 and 2032 in this region.
• By application, the beverages industry consumed over 1505 metric tons of beetroot red colorant in 2021 and was valued at USD 22.6 mn, which is approximately 25% of the annual Betanin food color sales. 
• In relation to synthetic colorants like Azorubine, Allura Red, and others, betanin has lesser stability, which is a major restraining factor for market Another problem impeding the market’s desired growth is the higher product cost when compared to its competitors.
• Being a purely plant-based food colorant, pressed naturally from beets, no stringent regulations have been made around betanin food colors helping the market operate freely. Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main factor pushing the sales of betanin food colors across global markets.

 “Betanin food color producers should target the health and nutrition markets like dietary supplements industry as it complements with the value natural colorant like beetroot red offers. Manufacturers should also achieve economies of scale, to make plant-based food colors more affordable to food processing industries. The market is yet fragmented and hence regional players should establish alliances with other regional players and international food brands in order to scale the revenue,” says a Future Market Insights analyst. 

Competitive Landscape 

The Betanin food colors market is highly fragmented with several regional players operating. Market players leading the Betanin food colors market are Sensient Technology Corporation, Symrise A.G., Kanegrade Ltd., Merck & Co. Inc., Chr. Hansen Holding A/S, Kalsec Inc, Hunan Nutramax Inc., Nanjing Zelang Medical Technology Co. Ltd., Calyxt Inc.,  Kingherbs Limited, JF Natural, A.M. Todd Botanical Therapeutics, Bakels Worldwide, Monteloeder, and Hebei Shun Wei Biological Technology Co. Ltd. among others.  

Betanin Food Colors Market by Category

By Nature, the Betanin food colors market is segmented as:

• Organic
• Conventional

By Application, the Betanin food colors market is segmented as:

• Bakery & Confectionery Products
• Beverages
• Fruit Preparations/ Fillings
• Dairy Food Products
• Potatoes, Pasta, and Rice
• Soups, Sauces, and Dressings
• Meat, Poultry, Fish, and Eggs
• Seasonings
• Others

By Source, the Betanin food colors market is segmented as:

• Red Beet
• Yellow Beet
• Prickly Peer
• Swiss Chard
• Grain Amaranth
• Cactus Fruits
• Others

By Product Form, the Betanin food colors market is segmented as:

• Powder
• Liquidd

By Region, the Betanin food colors market is segmented as:

• North America (U.S., Canada, Mexico)
• Latin America (Brazil, Argentina, Chile, Peru, Bolivia)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia), Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa), India
• Asia-Pacific (China, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Oceania (Australia, New Zealand))

Read More: https://www.futuremarketinsights.com/reports/betanin-food-color-market

 

Mycoprotein Market Size, Share, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2032

 

According to a new report by Future Market Insights, a market research and competitive intelligence firm, Mycoprotein Market are expected to reach USD 976 million by 2032, growing at a CAGR of 12.6 % over the decade. 

Consumer health and fitness awareness is predicted to rise as illness incidence rises, driving the market for mycoprotein products. Furthermore, worldwide economic growth has been supported by the fast expansion of the foodservice sectors, as well as the appealing marketing and promotion methods of vegetarian businesses. 

The growth of the mycoprotein goods sector is being stifled by an increase in the number of new, low-cholesterol meat product lines, such as lean meat in developed economies. 

Alternative meat products, such as plant-based proteins and mycoprotein products, have gained in popularity in both developed and developing nations over the years. 

Key Takeaways from Market Study 

• North America is expected to have 38% Mycoprotein market share.
• US holds 65 % Mycoprotein market share in North American Market. 
• Europe is expected to have 31 % Mycoprotein market share.
• Germany holds 22 % Mycoprotein market share in European Market. 
• Asia is expected to have 20 % Mycoprotein market share.
• China holds 32 % Mycoprotein market share in Asian Market. 
• Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“ The growing focus on the consumption of Mycoprotein in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights. 

Competitive Landscape 

Mycoprotein have a strongly competitive global market. The most challenging aspect of producing mycoprotein products is the reliance on a single carbon source, wheat-derived glucose, which requires particular processing before use. 

Competitors seek to boost the nutritional value of mycoprotein products as well as the variety of carbon sources available. 

Some of the leading companies offering Marlow Foods Ltd, 3F Bio Ltd, Myco Technology, Inc., Tyson Ventures, Temasek Holdings and General Mills are the major players in the market. 

Get More Valuable Insights 

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

Mycoprotein Market by Category

By Form, Mycoprotein Market is Segmented as:

• Minced
• Slices

By Sales Channel, Mycoprotein Market is Segmented as:

• Supermarkets / Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores

By Region, Mycoprotein Market is Segmented as:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

Read More: https://www.futuremarketinsights.com/reports/mycoprotein-market