April 25, 2024
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The food additives market is predicted to record a CAGR of 6.6% during the forecast period. The market is projected to reach a valuation of US$ 2.44 billion in 2023 and is expected to reach a valuation of US$ 4.62 billion by 2033.
The UK is one of the major countries in the world market that is drawing a growing number of MNCs and the food industry. As a result, producers all throughout the country are innovating and implementing new concepts. For example, in 2017 Tate & Lyle and Sweet Green Fields teamed up to manufacture and sell stevia, a sugar substitute, globally.
The introduction of new products, rising customer needs, and population growth all contribute to market expansion. As a result, the leading corporations in the market are heavily investing in it to maximize their production in the United Kingdom.
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Due to the rising demand for processed and preserved foods, food additives are becoming more and more common. In order to increase the quality and safety of their meals, consumers opt to increase their demand for food additives. The food and beverage businesses are expanding their market opportunities by using additional food additives to increase the shelf life of their products.
Sales of food additives are rising as ready-to-eat meals and vegan food become more popular. Throughout the course of the projection period, premium and environmentally friendly food packaging will be the major factor driving market expansion. Food makers frequently employ food additives to colour, flavour, and alter food flavours.
Several organizations are expanding international trade to provide standardized food additives to their customers. Innovation of products and advanced technology are increasing the market size. By using micro-encapsulation technology, the leading corporations concentrate on keeping better nutritional food additives. According to predictions, the growth of the food additives market is expected to be boosted by hotels and restaurants preserving food to prevent spoilage.
Rising Demand for Natural Food Additives is Expected to Boost the Market Growth
Natural food additives are being used more frequently since consumers are becoming more concerned about their health. The manufacturers and key vendors are developing clean-label and vegan food items that are growing the market opportunities. The number of young people is growing, along with the consumption of baked products and packaged meals, which is driving up the sales of natural food additives.
For their balanced diets, children and millennials crave sweet foods; parents are adjusting their shopping preferences to include natural food additives. The increased market potential is being brought about by the use of natural fruit colors and components in various confectionery goods.
Key Takeaways:
The food additivesmarket is expected to reach a valuation of US$ 4.62 billion by 2033.
With a CAGR of 6.6%, the global market is increasing from 2023 to 2033.
The food additives market in the United Statesis anticipated to secure a market share of 78% through 2033.
In the historical period, the market recorded a CAGR of 6.2% between 2018 and 2022.
In the historical period, the market reached a valuation of US$ 2.38 billion between 2018 and 2022.
India is anticipated to record an impressive CAGR of 6.5% by 2033.
Who is Winning?
Prominent players play a crucial role in the global market by capturing maximum output. They make unique products and meet consumers’ requirements through their innovative techniques. The players are developing organic, clean-label, and standardized products to enhance their brand values.
The prominent vendors invest a significant portion of the amount in research & development activities to achieve better results. These vendors are acquiring several marketing strategies, including agreements, acquisitions, collaborations, mergers, and product launches.
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Significant Key Players in the Market are:
Alpha Ingredients Srl
Cargill Incorporated
Ajinomoto Co.
Du Pont de Nemours and Company
Kerry Group
Novozymes A/S
Tate & Lyle PLC
Ingredion Incorporated
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April 25, 2024
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The citric acid market seems to be on a steady pace of 3.70% CAGR over the next decade. The analysis predicts the value to be worth around US$ 172.7 million in 2024, crossing US$ 248.6 million by 2034.
Investments in current manufacturing technology advancement are positively impacting the emergence of improved offers and price reductions. Because of their easy accessibility and low raw material prices, emerging markets such as India and China will soon become in-demand marketplaces.
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Citrus juice market participants should be prepared for problems brought on by fluctuating costs and output from natural sources, which could impair sector profitability. The variety of end-use applications, on the other hand, will be critical for the market’s long-term growth.
Key Takeaways from the Citric Acid Market Study
Powder forms of citric acid will hold the lead accounting for more than 60% of the global market in 2021.
Food & beverage applications of citric acid continue to dominate the market landscape, with impetus from use as additives and ingredients in dietary supplements.
United States the U.S. will emerge as a major market for citric acid, driven by demand from the food processing and pharmaceutical sector in the country.
Germany will showcase lucrative opportunities driven by increased levels of consumer awareness in digestive health.
China is projected to reflect relatively higher levels of growth owing to higher levels of lifestyle-based ailments, especially amidst the vast geriatric Chinese demographic.
“The global citric acid market will witness substantial growth, with rising demand as a key intergradient in food & beverages, pharmaceuticals, personal care products and more. Furthermore, the increasing demand for organic food additives which is caused by the higher degree of consumer health awareness will prove to be a very important factor positively influencing market growth throughout the assessment period,” says the FMI analyst.
Application of Citric Acid in Pharmaceuticals Creating Growth Opportunities
As interest in using natural ingredients in healthcare products has grown, so has the demand for citric acid. There is little chance that the drug will have negative effects on the human body, and it is regarded as an effective and profitable excipient. Major corporations are broadening their portfolios in search of new chances in the pharmaceutical industry.
Pharmaceutical grade citric acid will be primarily required for the manufacturing of powdered medicines. Customers are also more likely to spend money on drugs with clean label certification. Higher levels of citric acid absorption are expected to result in better health outcomes in terms of pharmaceutical safety standard characteristics. This is a significant factor that determines the utilisation of citric acid-containing products.
Who is Winning?
Leading citric acid market players are progressively concentrating on investing in research and development to increase the number of applications for their products. With a growing interest in emerging nations, manufacturers are also pushing for strategic asset purchase and divestiture to maximise profitability in response to demand.
Some of the leading players in the citric acid market include but are not limited to Shandong Juxian Hongde Citric Acid Co. Ltd., Archer Daniels Midland Company, Basel, Jungbunzlauer Suisse AG, Cargill Incorporated, Delek Group, Tate & Lyle plc., Weifang Ensign Industry Co., Ltd., RZBC GROUP, COFCO Biochemical (AnHui) Co. Ltd., and Pfizer Inc.
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Future Market Insights, in its new offering, provides an unbiased analysis of the citric acid market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the citric acid market based on application (acidulant, cleaning agent, binding agent, preservative, and others), by form (Powder and Liquid), By grade (food grade, industrial grade, and pharmaceutical grade), and by end use (food & beverages, pharmaceutical, animal feed, personal care, metal finishing & cleaning, and others) across seven major regions.
Citric Acid Market Key Segments
Application
Acidulant
Cleaning agent
Binding Agent
Preservative
Others
Form
Liquid
Powder
Anhydrous
Monohydrous
Grade
Food Grade
Industrial Grade
Pharmaceutical Grade
End Use
Food & Beverages
Bakery & Confectionary
Dairy
Convenience Food
Beverages
Jams & Preserves
Others
Pharmaceutical
Animal feed
Personal care
Metal finishing & cleaning
Others
Region
North America (U.S. & Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
Japan
Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)
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April 24, 2024
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The global astaxanthin market sales are estimated to be worth US$ 273.2 million in 2024. The astaxanthin market is set to reach US$ 665.0 million by 2034. It is projected to surge at a CAGR of 9.3% in the forecast period 2024 to 2034.
The astaxanthin market is projected to rise due to increasing consumer awareness of nutritional products and dietary supplement usage. Astaxanthin is a strong antioxidant often used to treat illnesses like cancer, diabetes, and cardiovascular disorders. Growing knowledge of nutritious foods propels the nutraceutical industry, offering fewer side effects and lower hospitalization costs.
Demand for astaxanthin is projected to rise on account of its multiple applications in nutraceuticals, pharmaceuticals, feed industries, etc. Moreover, the distinct color and properties of astaxanthin are also propelling its demand in food coloring, commercial aquacultures, and other applications.
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In a landscape of evolving technologies, the Astaxanthin market is poised for expansion, driven by innovative production methods such as ALGAMO’s micromodules and photobioreactors. ALGAMO’s focus on minimizing water wastage and electricity consumption showcases a commitment to sustainability in astaxanthin production. Ongoing research leveraging diverse technologies to enhance economic and technical feasibility is anticipated to positively impact market dynamics.
Key players are gearing up for strategic initiatives, launching novel platforms and products, especially in emerging economies, to tap into growth opportunities. A notable example is Näck, a Swedish-Indian startup introducing a digital wellness platform and Immunity Boost, featuring natural astaxanthin and vegan protein powder. These endeavors align with the increasing consumer demand for sophisticated and health-oriented food choices, driving sustainability in the food industry.
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Top Highlights:
United States Dominance: The U.S. market is poised to contribute significantly, targeting a market revenue of US$ 838.70 million by 2034, with a robust CAGR of 11.1%.
UK Growth: The United Kingdom is anticipated to emerge as the second-leading market, generating US$ 296.8 million in revenue by 2034, with a CAGR of 4.9%.
European Influence: Germany is forecasted to reach US$ 266.60 million by 2034, expanding at a CAGR of 13.7%. Spain is set to yield US$ 85.60 million, exhibiting a CAGR of 10% over the forecast period.
China’s Prominence: The Chinese market is expected to play a pivotal role, projecting a revenue of US$ 161.50 million by 2034, growing at a steady CAGR of 8.5%.
Recent Developments
In 2020, BGG inflated its astaxanthin farm capacity to incorporate astaxanthin-based formulations into their product portfolios.
In 2021, Lycored stretched its astaxanthin product line, including an oleoresin made from Haematococcus Pluvialis algae.
Key Segments
By Form:
Powder
Liquid
By Grade:
> 98%
95-97%
< 94%
By Source :
Natural
Crustaceans
Microalgae
Paracoccus carotinifaciens
Yeast/ Fungi
Synthetic
By Production Technology:
Chemical Synthesis
Natural Extraction
By Application:
Aquaculture
Dietary Supplements
General Wellbeing
Eye Health
Brain Health
Immune & Digestive Health
Bone & Joint Health
Heart Health
Other Supplements (Weight Loss, Allergies, etc.)
Food & Beverages
Personal Care & Cosmetics
Skin Care
Hair Care
Pet Food
Eye Health
Brain Health
Immune & Digestive Health
Bone & Joint Health
Animal Feed
Pharmaceuticals
Others
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April 24, 2024
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The yellow pea protein market is predicted to capture a valuation of US$ 3.3 billion in 2023 and is projected to rise to US$ 11.5 billion by 2033. As per the FMI report, the market is likely to register a CAGR of 14.4% during the forecast period.
Food & beverage manufacturers are developing nutrition supplements by increasing the adoption of yellow pea protein, such as energy drinks and smoothies. The rising consumer demand for vegan, high-fiber, clean-label, and non-toxic food products is surging market growth. In addition, growing awareness related to health and rising cardiovascular diseases is rapidly increasing yellow pea protein nutrition.
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Increasing disposable income, urbanization, population, and changing eating habits fuel market opportunities. Manufacturers are developing food & beverage products by adopting advanced technology and adding natural ingredients. In addition to that, it enhanced the shelf-life of food and improved quality by adding vegan ingredients surging the product demand globally. Growing consumer demand for food items such as plant-based milk, vegan burger, milkshakes, and supplements drive the yellow pea protein market.
Social media influencers, athletes, and famous personalities promote top companies’ brands to make people aware customers of healthy diets. The yellow pea protein is the better alternative source that reduces weight and cholesterol and promotes a healthy heart. However, people cannot maintain their healthy lifestyles due to hectic lifestyles. Therefore, plant-based protein producers develop packed supplements to provide proper healthy nutrition to their consumers.
High Cost of Yellow Pea Protein Limits the Market Growth
The market is promoting a healthy lifestyle by increasing the production of plant-based products. However, key manufacturers faced certain roadblocks that declined the market growth, which included the increasing cost of yellow pea protein supplements and Isolates restraining the market growth.
The low availability of plant-based raw materials and alternate substitutes limits the market growth. Moreover, a few consumers suffer from lactose intolerance hinders the market.
Key Takeaways:
The yellow pea protein market is expected to have a valuation of US$ 11.5 billion by 2033.
With a CAGR of 14.4%, the global market is increasing during the forecast period.
The market in the United States is anticipated to capture a CAGR of 8.9% through 2033.
With a CAGR of 11.6%, the United Kingdom yellow pea protein market significantly uplifts during the forecast period.
German market is expected to secure a CAGR of 9.8% over the forecast period.
China market is capturing a CAGR of 13.2% by 2033.
Who is Winning?
The key players play a vital role in the global market by capturing maximum revenue by investing their amount in research and development activities. In addition, these players are focusing on developing better quality products per consumers’ requirements.
The prominent players innovate plant-based products to promote a healthy lifestyle by adopting several marketing methodologies. Marketing strategies adopted by these players are collaborations, mergers, partnerships, product launches, and acquisitions.
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Other Prominent Players in the Market are:
Cargill Inc.
DuPont de Nemours, Inc.
The Scoular Company
Axiom Foods, Inc.
Glanbia Ple
Roquette Frères
Kerry Group PLC
Bata Food
Shandong ianyan Group
The Green Lab LLC
Puris Proteins LLC
Burcon NutraScience Corporation
Cosucra Groupe Warcoing S.A.
Recent Developments in the Market are:
In 2018, Axiom Foods announced its new distributor Univar Solutions, to supply goods & services of plant-based ingredients.
In 2021, Puris Proteins LLC announced a newly launched plant for manufacturing yellow pea protein to upsurge its business in the United States.
In February 2018, DuPont de Nemours Inc announced its launch of BAIC (Bay Area Innovation Center) to upsurge agricultural biotechnology and technological development.
Yellow Pea Protein Market by Category
By Product Type:
Protein Concentrates
Protein Isolates
Textured Protein
Hydrolyzed Protein
Processing Type:
Dry Processing
Wet Processing
End Use:
Food Processing
Meat Alternatives
Bakery Products
Confectionery
Snacks & Cereals
Meat-based Products
Functional Beverages
Others
Animal Feed
Nutraceuticals
Sports Nutrition
Infant Nutrition
Cosmetic & Personal Care
By Region:
North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)
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April 24, 2024
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According to FMI, fish feed market is expected to reach US$ 116,480 million by 2023. It is estimated that the market is poised to reach US$ 163,530 million between 2023 and 2033, representing a CAGR of 3.5%.
Fish feed demand may vary depending on consumer preferences for sustainable seafood products and healthy seafood. Aquaculture practices may have to adapt their feed formulations and production methods as consumers become more aware of their environmental and health impacts.
Advances in aquaculture technology, such as automated feeding systems, precision feeding, and data-driven management, could influence the demand for specialized fish feed products in the market. The demand for specific types of fish feed can be affected by the type of fish farmed. Dietary requirements for different species can influence fish feed composition and formulation.
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Feed formulations that are more efficient and cost-effective have been the result of ongoing research and development in fish nutrition and feed technology. As farmers pursue improved production outcomes and cost-saving measures, demand will increase.
Sustainable aquaculture practices are becoming increasingly important to minimize environmental impact. The ecological footprint of fish farming operations can be reduced by using feed ingredients that are sourced responsibly.
Different species of fish require different levels of nutrition. Creating specialized feeds to meet the dietary needs of farmed fish, including salmon, tilapia, catfish, shrimp, and carp, is driving the demand for fish feed.
Key Takeaways from the Market Study
By 2032, the global market for fish feed is predicted to reach US$ 1,58,000 million.
In 2022, the United States held 25.8% of the global fish feed market.
According to industry estimates, fish feed demand is expected to rise at an average CAGR of 8% between 2022 and 2032.
In 2022, the market for fish feed grew by 6.7% in China.
Towards the end of 2022, Japan was responsible for 4.4% of the global market.
Germany accounted for 13.1% of the global fish feed market in 2022.
The fish feed market recorded a CAGR of 1.6% between 2018 and 2022.
“Plant-based fish feed will continue to be popular as the market for sustainable and organic fish feed grows in the market. Intensified fish farming practices and growing awareness of health and nourishing foods to grow the market.” says an FMI analyst.
Competitive Landscape
A growing number of companies are collaborating with other companies and forming strategic partnerships in order to grow their fish feed businesses. A growing number of fish feed market players are investing heavily in research and development, developing new products, expanding their geographical reach, and forming strategic partnerships.
On April 2023, ICAR-Central Inland Fisheries Research Institute, Barrackpore signed an agreement with Glaucus Agrochem Pvt Ltd for the usage of the floating fish feed “CIFRI Cagegrow”. For a period of five years, ICAR-CIFRI has granted a nonexclusive license for manufacturing and selling its floating fish feed Cagegrow in India. ICAR’s commercial arm, Agrinnovate India Ltd, completed the commercialization process.
On August 2023, Kerala varsity produced fish feed from organic waste. As part of its experimental fish meal production project, Kerala Fisheries and Ocean Studies University (KUFOS) is using organic waste to produce fish meals. A black soldier fly larvae-based project is being developed to produce the organic waste protein needed for fish feed production.
Know More about What the Fish Feed Market Report Covers
Future Market Insights offers an unbiased analysis of the global fish feed market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the fish feed market, the market is segmented based on product type, form, end-use application, and distribution channel industry type across six major regions.
Market Segmentation
Product Type:
Plant Based
Fish & Fish Products
Microorganism
Form:
Pellet
Granules
Flakes
Sticks
Powder
End Use Application:
Commercial
Household
Distribution Channel:
B2B
B2C
Store based
Online retail
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa
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April 23, 2024
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The potato flake market is expected to be valued at US$ 8,056.80 million in 2024. The pace of progress for the market from 2024 to 2034 is expected to be solid, with a CAGR of 4.8%. By the end of the forecast period, the potato flake industry value is slated to hit US$ 12,824.10 million.
The potato flakes market is predicted to rise as leading potato flakes makers release new products and build their brands. Leading manufacturers aim to expand their global reach. The increased participation of established manufacturers has resulted in a more competitive market environment, leading to the production of a varied range of potato products that are expected to fuel industry growth.
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The expanded releases and brand building of the major potato flakes companies are projected to propel the potato flakes industry’s overall growth. Leading firms aspire to expand their market footprint outside of the US. As more experienced producers enter the market, a competitive environment develops, promoting the development of a varied range of potato products that will fuel market expansion.
Key Takeaways from Potato Flakes Market Study
According to FMI study’s on the potato fakes market, a large consumer base is looking for products that are naturally sourced. Potato flakes are generally used in dishes that require mashed potatoes. Potato flakes are used as a thickener or base for the preparation of ready-to-eat vegetable gravies and soups. They are also used as an ingredient for potato chips, texturized potato products, snack pellets, etc. Thus, the demand for Potato Flakes is surging.
The global potato flakes market has been segmented based on end-use, where the buyer to consumer segment holds the major share. However, in the upcoming period, the buyer to buyer segment is estimated to show a positive growth due to its increasing applications in different food products.
Based on nature, the global potato flakes market is segmented into organic and conventional types. Due to growing health concern, consumers are looking for products that are grown naturally and are free from chemicals and are not genetically modified.
Eastern Europe and APEJ are expected to lead the global potato flakes market in terms of value. The demand for potato flakes is considerably high in North America. Western Europe is predicted to show a high growth rate in the forecast years. The Latin America market, dominated by Brazil, is also exhibiting high demand for potato flakes.
Who is winning?
Idahoan Foods, McCain Foods Limited, Nestle S.A., Inc., Clarebout Potatoes NV, Goodrich Cereals, Lamb Weston Holdings, Inc., Iscon Balaji Foods Pvt Limited, Lutosa SA, Patwary Potato Flakes Ltd., Bem Brasil Alimentos LTDA, Rixona B.V., Agrarfrost GmbH & Co. KG, Nahr-Engel GmbH, Basic American Foods, Inc., Bob’s Red Mill Natural Foods are some of the key market players.
Leading companies operating in the potato flakes market are aiming at regional expansion via targeting the local distributers to upscale their potato flakes sales and to provide high-quality products to the customers.
In March 2018, Nestle S.A. opened a new quality assurance lab in Araras, Brazil. The move was intended to enhance the company’s organic product portfolio in the region. The company invested around US$ 6.9 Mn to construct the new facility. The quality assurance facility will ensure that its organic products are free from pesticides and genetically-modified organisms.
In April 2018, McCain Foods Limited completed a strategic investment with a highly innovative agriculture company, TruLeaf Sustainable Agriculture. With this partnership, the company is expected to set new standards for efficient crop production and environmental care.
In 2017, Lamb Weston Holdings, Inc. expanded its Richald Washington plant by 2, 90,000 square feet, increasing its production capacity by approximately 300 million pounds annually.
Potato Flakes Market by Category
By Product Type, Potato Flakes Market is Segmented as:
Business to Consumers
Hypermarket/Supermarket
Convenience Store
Specialty Store
Traditional Grocery
Online Retailers
Business to Business
Food Service Industry
Food Industry
Soups & Premixes
Bakery
Snacks
Frozen Food
Baby Food
Meat Processing
Animal Feed
By Region, Potato Flakes Market is Segmented as:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle east and Africa
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April 23, 2024
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According to the recent FMI report, the sales for pea starch is expected to surpass a value of US$ 115.9 Million in 2031, rising at a CAGR of around 5.2% through the end of 2031.
Dried peas have been identified to be one of the most versatile pulse alternatives, with a wide variety of end uses. The ingredient is a clean-label, gluten-free, non-GMO, all-natural, slow-digestible starch, which has made it a popular diet option for weight loss without altering the flavour of the final product. Furthermore, pea production takes place all over the world, making pea starch sourcing much easier boosting the global pea starch industry.
Sales of pea starch will represent 0.7% of the overall demand in the global vegetable protein market. Increasing preventative healthcare and the recent outbreak of deadly viruses are boosting growth in the overall vegetable protein market triggering growth in the pea starch market.
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Key Takeaways from the Pea Starch Market Study
Pea Starch is widely consumed in food processing functions of thickening and binding, gelling and texturizing among others. While thickening and binding applications are dominating the application segment holding nearly 35% market share. However, gelling applications is expected to grow with a significant CAGR of 8.5% over the forecasted period.
Pea starch is widely consumed in food processing end-use which is accounting for around 25% of the total market value. However, increased potential in the bakery products industry has led to an exceptional CAGR of around 9.8%.
As the focus on food nutrition grows, non-GMO and clean label attributes are gaining traction. As a result, organic pea starch, which is rising at a rate of close to 8%, are posing a significant threat to conventional pea starch, which owns more than 85% of the market share.
Due to a robust and active food processing industry, North America and Europe are the major markets for pea starch accounting for more than 54% of the global market. However, lucrative opportunities are now emerging in the APEJ and Latin American markets, which are developing at a CAGR of 9.7% and 8.0%, respectively.
Increased use for human consumption and application as a stabilizing agent in food processing is expected to drive growth in food-grade pea starch throughout the forecast period. Industrial grade pea starch, on the other hand, is predicted to expand at a faster rate of over 8%, with textile, adhesive, and cosmetic applications in packaging. These trends will be aided by the use of pea starch in the manufacturing of bioplastics.
Who is winning?
Key players operating in the global pea starch market are focusing on reaching a large consumer base by implementing various strategies such as marketing and promotional activity, strengthening distribution channels and adopting sustainable production.
Some of the leading companies offering pea starch are Axiom Foods Inc., Dakota Dry Bean, Parrheim Foods, Cargill Inc., Vestkorn, Roquette, Sanstar Bio-Polymers, Emsland Group, American Key Products and others.
Market Segments Covered in Pea Starch Industry Analysis
By Nature :
Organic
Conventional
By Application :
Thickening and Binding
Gelling
Texturizing
Others
By Grade :
Feed Grade
Food Grade
Industrial Grade
By End-Use :
Soups and Sauces
Snacks and Savory
Bakery Products
Food Processing Industry
Cosmetics
Pharmaceuticals
Pet Food Industry
By Region :
North America
Latin America
Europe
Japan
APEJ
MEA
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April 23, 2024
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The global yeast extract industry is expected to rise from US$ 1,472.9 million in 2023 to US$ 1550.9 million in 2024. The market is projected to reach a value of US$ 2,584.0 million by 2034, expanding at a CAGR of 5.78% over the forecast period.
North America now has the fastest-growing yeast extract market, with the United States accounting for more than half of total sales in the region. The Asia Pacific yeast extract market will outperform the United States by 2022, because to the prevalence of high-end meals and improving living levels.
Yeast extract is growing more popular as a supplement in the food and beverage industries, and it is projected to continue to receive significant investment. Sauces and savoury flavourings had the highest absorption of autolyzed yeast extract, followed by processed meals and dairy.
Yeast is used in the making of bread and beer to make yeast extract, a flavour component. It can be found in a wide range of foods, including cheese and sauce. Yeast extract imparts a flavour known as “umami.”
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Yeast extract is made by adding sugar to yeast in a hot environment. The yeast’s outer coating begins to weaken as its walls attempt to expand. This mixture is centrifuged, and any loose yeast walls are washed away.
The market is expected to grow due to increased consumption for bakery food items and an increase in the consumption of alcoholic beverages.
Furthermore, increased consumer demand for nutritious, healthful produce made from natural ingredients is expected to boost demand. The yeast extract market is expected to increase throughout the forecast period due to the easy availability of resources such as saccharides and other sugar compounds at reasonable prices.
A wide range of yeast products, as well as its ingredients, are widely utilised, manufactured, and marketed commercially. Yeast is now being utilised commercially in animal feed all over the world. Several studies have been conducted to evaluate animal health and performance after the inclusion of yeast extracts in the diet.
Key Takeaways from Market Study
The yeast extract market is expected to expand at CAGRs of 8.2% and 7.4% in America and the APAC, respectively, through 2032.
Europe market currently holds 24% share of the total yeast extract marketplace.
Dry yeast is also used in probiotic, either alone or in conjunction with beneficial bacteria, to give nutritional advantages. Nutritional yeasts include adequate protein and amino acid compounds that are typically greater than grains and oil seed diets.
Yeast extract sales are increasing globally due to rising customer demand for healthy foods.
Due to the severe COVID-19 crises, the industry for yeast extract was directly impacted, causing a trade stagnation. Nevertheless, with financial systems giving possibilities and growing customer desire for safe and healthy produce, the industry is likely to rise significantly.
Competitive Landscape
Key players in the yeast extract market are concentrating their efforts on research & innovation in aims to enhance the quality of their offerings.
Angel Yeast Co., Ltd, that is a Chinese high-tech yeast firm, has announced the establishment of a joint venture company to spend USD 15.4 million in the acquisition of Shandong Bio Sunkeen Co, Ltd’s yeast-related assets. The firm hopes to improve its manufacturing capacity as well as solidify and enhance its position in the industry by doing so. As the industry continues to develop, the purchase of Bio Sunkeen will enable the firm to quickly solve possible capacity shortfalls.
Associated British Foods which is an international food, has confirmed that this has signed an agreement with W Jordan & Son Limited, a UK morning cereals and cereal bar company, to combine the Jordans and Ryvita crispbread and nutritious snacking businesses. The merger of Jordans and Ryvita will establish Jordans and Ryvita as a market leader in the provision of goods to fulfil rising customer usage of natural additives and healthy eating.
Market Segments Covered in Yeast Extract Market Analysis
By Grade :
Food Grade
Feed Grade
By End Use :
Food and Beverages
Soups
Processed Food
Dairy Products
Bakery
Sauces & Savory Flavors
Non-alcoholic Beverages
Alcoholic Beverages
Animal Feed
Pharmaceuticals
Microbial Nutrients
Cosmetics & Personal Care
Others (Biofuel & Biomass Production)
By Region :
North America
Latin America
Europe
Middle East and Africa
Asia Pacific
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April 22, 2024
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During the forecast period, the vanilla bean market is expected to grow at a 4.4% average CAGR. In 2023, the market is anticipated to have a share of US$ 1.26 billion. By 2033, it is projected to reach a value of US$ 1.93 billion.
Vanilla is widely used in the food and beverage industries as a flavouring for jams, jellies, and syrup. Vanilla’s antibacterial properties make it ideal for cleaning and mending damaged skin. Vanilla can help with symptoms of anxiety and depression.
It’s worth mentioning that the lowest-wage countries were selected since vanilla production requires a large workforce. Madagascar produces approximately 3000 tonnes of vanilla per year, according to the FAO. Uganda produced 150 tonnes in 2018. Vanilla is grown in the rural Comoros as well.
Future Market Insights’ most recent market report, “Vanilla Bean Market,” included these startling statistics as well as future projections. Analysts and consultants in this area have thoroughly explored the bottom-up strategy.
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Key Takeaways from Vanilla Bean Market
Hawaiian vanilla could be recognized through presence of topical aroma with a tinge of caramel.
France-based vanilla bean makes way for a broad spectrum of certified Kosher, Halal, Organic, and Fairtrade products that match specifications needed at the commercial level; like vanilla powders’ fineness, solubility, and aromatic profiles. There are players like Eurovanille, which have been setting benchmark for more than 3 decades in vanilla bean market all over France. The productions, since the year 2014, have been certified by IFS (International Featured Standard) for ascertaining healthy and safe product.
Mexico is amongst the major cultivator of vanilla beans. This could be credited to symbiotic relationship that vanilla orchid and Melipona enjoy. It is a known fact that the Mexican bee mentioned above is the only one capable of pollinating vanilla orchid flower. Nielsen-Massey Vanillas, Inc. is making provisions for the product with Kosher and also holds the distinction of being free of gluten.
Madagascar vanilla beans are categorized as the ‘gold standard’ regarding quality. Also, they have vanillin in higher concentrations as compared to their counterparts.
Competitive Beans
Tahitian Gold Co., Inc., in January 2020, announced to come up with 3-Bean Blend. It’s a whole vanilla bean paste that the company is offering.
Eurovanille, in the year 2019, did announce building 1K m2 experimental greenhouse at Gouy-Saint-Andre, so as to characterize 2K vanilla plants in sync with genome study as well as decryption, which would be the scientific publication project (the company claims). Also, the year 2022 is into witnessing plant selection.
Symrise AG does use bourbon vanilla beans for making pure vanilla extract. These beans are long and slender, which do have a good taste, inclusive of dried fruit, rum, and raisins.
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April 22, 2024
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The hybrid rice seeds market is predicted to be worth US$ 5.1 billion in 2023, and rise to US$ 10.8 billion by 2033. Initially, the global market was expanding at a CAGR of 7% between 2017 and 2022.
Many abiotic and biotic factors present a barrier to sustainable rice agriculture. As a result, stress tolerance has been included into high-yielding varieties, which has shown to be a very successful method for creating these varieties that can handle such circumstances. This is boosting the hybrid rice seeds market and reducing the losses brought on by stress-related issues.
The development of hybrid rice seeds that are resistant to microbial infestations and produce larger yields in a relatively short amount of time than inbred types is another focus for hybrid seed producers, which is expected to fuel expansion.
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Since rice is a staple food for around 60% of the world’s population, the demand for it is rising along with the worldwide population. In order to meet this rising demand and supply rice to various end users, rice yield per unit area has also increased.
To develop new hybrid rice seeds varieties and encourage farmers to use them, the government and numerous research institutions are working together.
Key Takeaways
By 2033, China is likely to dominate the hybrid rice seeds market, with a size of US$ 4.3 billion.
The hybrid rice seeds market was significantly expanding, with a size of US$ 4.8 billion in 2022.
There is a market opportunity of US$ 5.7 billion in absolute terms, which is driven by the change in consumption patterns.
The market in the United States is anticipated to expand at an adequate CAGR of 3.7% by 2033.
By 2033, Canada is likely to expand in the hybrid rice seeds market, with a size of US$ 75.6 million.
By 2033, the hybrid rice seeds sector is likely to increase in Japan, with a size of US$ 176.2 million.
The Indian market is anticipated to expand at an adequate CAGR of 8.8% by 2033.
Based on grain size, the long grains led the hybrid rice seeds market with a CAGR of 6.2% by 2033.
Based on duration, up to 110 days segment continues to dominate the sector during the forecast period, with a CAGR of 8.4%
Key Strategies in the Industry
Due to the rising need for bigger yields and better-quality produce, hybrid rice seed technology has experienced substantial expansion in the last few years. In order to gain market share in the fiercely competitive market for hybrid rice seeds, businesses must offer better variety, affordable prices, and aggressive marketing.
To remain ahead of the competition, businesses are developing new types and technologies. To reach more clients, they are also concentrating on marketing and advertising initiatives. In order to expand their reach, businesses are also concentrating on enhancing their distribution networks and opening new stores.
Recent Developments
Ricetec Inc. purchased the assets of Ganga Kaveri Seeds in 2019 to expand its product line and draw in more clients.
As of May 2019, Syngenta has released the SYN98 3-line hybrid rice variety in Vietnam. The Syngenta Nam Dinh Research Center has been given approval by the Ministry of Agriculture and Rural Development to start trial production of this variety in December 2017.
Key Segments
By Grain Size:
Long Grains
Medium-sized Grains
Short Grains
By Durability:
Up to 110 Days
111 to 140 Days
140+ Days
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
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