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The citrus water market is expected to increase from USD 10.59 million in 2023 to USD 51.9 million in 2033.
The Use of Citrus Water as a Fragrance in Cosmetics Amplifies Production Globally
Citrus water is used to increase flavor in the food sector. It is mostly used to manufacture candies in the confectionery business. Citrus water also adds a tangy flavor to stews, soups, and other types of prepared foods. Citrus water is often used to make a variety of drinks. These elements are expected to increase the global citrus fruit market’s revenue growth prospects.
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Citrus concentrates have applications in personal care products, which is predicted to have a favorable impact on this market. Individuals’ preference for organic and healthy food choices is also predicted to boost revenue growth in this target market during the forecast period.
An increase in the consumption of sugar-free citrus water has been noticed, which is expected to create extra demand and present profitable prospects for market participants to expand their respective product offers. Sadly, the cost can be a substantial barrier to consumer acceptance, which could have a negative impact on this market to some extent.
This market’s manufacturing, distribution, and sales channels were all affected. Yet, according to sales statistics from several industry players, organic and functional beverages outperformed carbonated drinks in terms of revenue contribution to various food and beverage enterprises throughout the pandemic. This pattern is likely to persist.
Consumers are increasingly interested in sustainable or biodegradable packaging choices. This is expected to provide new opportunities for players and boost revenue growth in this market over the forecast period.
Key Points from the Citrus Water Market
Consumer inclination for healthy alternatives to sugary soft drinks is one of the key elements driving the citrus water market’s rise.
The market size is anticipated to be USD 10.59 million in 2023.
The citrus water market is expected to capture a CAGR of 17.1% during the forecast period 2023 to 2033.
North America dominated the citrus water market.
Key Developments in the Citrus Water Market
In 2019, Ball Corporation collaborated with Danone to launch L’mon, a new sparkling canned beverage.
In 2019, Limoneira, a citrus corporation based in the United States, announced the conclusion of a joint venture and land acquisition with FGF Trapani (FGF). The agreement allows Limoneira to expand its reach in Argentina and ensures a 365-day, 24-hour fruit supply.
July 2021 – National Beverage Corporation, an American beverage maker, introduced three new sparkling water flavors under the LaCroix brand. The effervescent waters include no calories or sugar.
May 2021 – PepsiCo Inc., a renowned global food and beverage corporation, debuts Soulboost, an enhanced sparkling water beverage enriched with functional ingredients. The drink comes in two flavors: blueberry pomegranate and black cherry citrus, which contain 200 mg of ginseng to aid in mental stamina, and blackberry passion fruit and strawberry rose, which contain 200 mg of theanine to aid in relaxing.
June 2022 – Bickford & Sons, a South Australian business, introduced new tonic water. Tonic water is prepared from natural elements such as carbonated water, quinine, and sugar or a natural sweetener.
March 2022 – Schweppes, a Coca-Cola Company brand, introduced a new premium 600 ml glass container. The drink comes in three flavors: Indian Tonic, Slimline Tonic, and Elderflower.
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Key Segments
Product Type:
Economic
Premium
Source:
Lemon
Orange
Lime
Grapefruit
Mixed
Packaging Format:
Glass Bottles
Tins
Plastic Bottles
Other
Distribution Channel:
Modern Trade
Specialty Stores
Convenience Stores
Commercial Market
Hotels/Restaurants/Bars
Online Retailers
Others
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The marine collagen market is anticipated to surpass USD 859 million in 2024 and is likely to attain a valuation of USD 1,074.00 million by 2034. The marine collagen size is projected to expand at a CAGR of 7.10% from 2024 to 2034.
Key Coverage in the Marine Collagen Market Report
Adjacent Study of the Fish Collagen Market, Marine Collagen Powder Market, Collagen Market, Fish Collagen Peptides Market, and the Marine Hydrolyzed Collagen Market.
Demand Analysis of Collagen Derived from Fish Industry Waste
Revenue Analysis of China Marine Collagen Market
Consumption Analysis of Russia Marine Collagen Market
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Demand for marine collagen-based nutricosmetics is being driven by the confluence of health and beauty trends. The supposed advantages for skin elasticity, hydration, and anti-aging properties are driving sales of marine collagen and several nutricosmetic products.
Functional foods and drinks that provide health advantages beyond a basic diet are becoming increasingly popular among consumers. Various functional food and beverage items, including protein bars, snacks, and beverages with collagen infusions, are being made with marine collagen. Customers searching for easy solutions to boost their general health and well-being will find these goods appealing.
Companies can target niche markets with bespoke goods catered to particular demographics or health problems, given the adaptability of marine collagen. For instance, there’s a rising need for marine collagen supplements that address menopausal support, postpartum recovery, perinatal health, and improving athletic performance. Businesses in the competitive collagen industry may establish a distinctive stance and set themselves apart from rivals by recognizing and capitalizing on these specialized niches.
Key Takeaways from the Marine Collagen Market Report
The global marine collagen market size expanded at a 6.00% CAGR from 2019 to 2023.
The fish segment holds 70.3% of the market in 2024.
The bones & tendons segment captured 55.6% of the market in 2024.
The market in the United States is projected to rise at a 4.2% CAGR through 2034.
The market in Germany is anticipated to develop at a 5.1% CAGR through 2034.
The market in Japan is estimated to surge at a 6.4% CAGR through 2034.
The market in Australia is expected to increase at a 6.9% CAGR through 2034.
Competitive Landscape
The marine collagen market is characterized by fierce competition among companies for product innovation, brand recognition, price tactics, and distribution networks. Established companies with a significant market presence use their reputation to build consumer trust and loyalty. Pricing strategies are critical for maintaining both competitiveness and profitability. Effective distribution networks, which include partnerships and eCommerce, increase market reach. Regulatory compliance guarantees product safety and quality, distinguishing reputable providers in a competitive market.
Recent Developments
In July 2023, CHOSEN® by Dermatology, a prominent skincare brand in India, debuted the TOR™ Mighty Marine Collagen in a natural Pomegranate taste. TOR™ Mighty Marine Collagen contains Peptan® Marine, a premium wild-caught fish collagen provided specifically to India by CHOSEN®.
In June 2023, Z Natural Foods, a leading producer of natural powders, debuted with hydrolyzed marine collagen peptides.
Purchase now and gain full access to the Marine Collagen Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
Market Segmentation
By Source:
Skin
Muscles
Scales
Bones & Tendons
By Animal Type:
Fish
Marine Organisms
By Application:
Cosmetic
Healthcare
Medical
Nutraceuticals
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
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May 10, 2024
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The frozen bakery market is anticipated to expand its roots at a steady CAGR of 6.5% between 2023 and 2033. The market is anticipated to cross a market share of US$ 85.97 billion by 2033 while it is likely to be valued at US$ 45.8 billion in 2023.
The restoration of the bakery industry along with the young population choosing ready-to-eat food products are adding value to the market growth. Furthermore, the higher number of bakeries renovating, applying latest bakery products and tools are fueling the demand for frozen bakery products.
The rising popularity of gluten-free, organic bakery superfoods have gained traction for the market. New vendors experimenting with bakery items such as bread, dough, and toppings is also attracting their consumer base, expanding the industry across regions.
Bakery giants or big companies that uses bakery products such as McDonalds, Domino’s Pizza, and Pizza Hut are investing in Asian economies such as India and China while promoting the growth prospects.
New cafe culture along with new concepts like burger cafe, and pizza cafe is experimenting with their menu, using new organic, gluten-free, healthy sides. Brands reach up to frozen bakery products with higher shelf life and enhanced quality & texture.
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Key Points
The United States market leads the frozen bakery market in terms of market share in North America. The growth in this region is promoted by the advanced food options, expanding corporate food culture along with the higher penetration of ready-made items.
The United Kingdom frozen bakery market is another significant market from the European region. Europe packaged bakery items are famous for its authenticity, taste, and texture. This helps the market gain traction through all the countries across the region.
The Japanese frozen bakery market is anticipated to thrive at a healthy CAGR during the forecast period. Asia Pacific region is witnessing higher foreign investment, a higher impact of western food culture on a large population and increased per capita income.
The fully baked product type is leading the segment with a CAGR of 7.5% between 2023 and 2033. It’s due to its higher consumption, and easy-to-use prospects.
Based on sales channel, the online segment thrives at a CAGR of 6% during the forecast period. It is due to the higher penetration of e-commerce platforms and easy shipping options.
Competitive Landscape
The key vendors work on experimenting with dough, breads, and sides. Alongside this, the increased shelf life with sustained quality and texture is something vendors work on. Key competitors and also merge, acquiring, and partnering with other companies to increase their supply chain, and distribution channel.
The key players in the market are Albany Molecular Research Inc.; General Mills, Europastry, Comapan, Rich Products Corporation, Canada Bread Company, Don Maiz SAS, Patagonia Artisan Bakers, Vandemoortele, Aryzta AG, Kellogg Company, Conagra Brands, Associated British Food, and Dr. Oetker
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Recent Market Developments
Oetker has introduced its new frozen bakery products such as frozen pizza, frozen mini cakes, and easy-made waffles. Furthermore, it has also revised the cake decoration, cake mixes, and has extended their boundaries with a new brand named “My sweet Table”.
Conagra Brands, under its ready set eat product range has introduced one-dish dinners and other bakery products such as frozen dough, pizza, and sides.
Market Segmentation
Recipe Outlook:
Bread
Viennoiserie
Patisserie
Savory Snacks
Product Outlook:
Ready-to-prove
Ready-to-bake
Fully Baked
End User Outlook:
Convenience Stores
Hypermarkets & Supermarkets
Artisans Bakers
Hotels, Restaurants, and Catering (HORECA)
Bakery Chains
Online Channels
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May 10, 2024
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As per Future Market Insights (FMI) analysis, the global consumption of eubiotics increased by a year-on-year (YoY) rate of 6.7% in 2021 to total sales of US$ 2.68 Billion in the year. The overall demand for eubiotics represents 16.4% of the global animal feed market in 2021 and is poised to increase at 7.4% CAGR to reach a value of US$ 5.47 Billion in 2031.
controlling the rise of AMR (anti-microbial resistance) products at the global level.
According to research, almost 70% of the antibiotics used worldwide, are considered medically important for the livestock sector, but the application varies for each country and species of the farmed animal. Usage of antibiotics is considerably high in swine, on average, which is followed by poultry and ruminants. Though some of the manufacturers are no longer using AGPs (antibiotic growth promotors), instead of going for sustainable alternatives like eubiotics.
The EU Commission banned the use of (antibiotic growth promotors) in 2006, limiting the prophylactic use of antibiotics in farmed animals. The British Poultry Council as well, in 2017, adopted a voluntary ban on excessive use of AGPs, which was representing 90% of the broiler production in the UK.
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This trend has increasingly spread across the globe since the EU leading the way back in 2006, followed by South Korea and Indonesia recently, as well as the FDA (US Food and Drug Administration) put to notice and discouraged the (antibiotic growth promotor) use.
Since eubiotics, such as prebiotics, probiotics, enzymes, and organic acids, can add the essential nutritional components to reduce the antibiotic use in farmed animals that can enable the industry to grow further. Key manufacturers like DSM are developing effective eubiotics solutions to reduce the prophylactic use of antibiotics and to remove AGPs to tackle AMR, to switch to antibiotic-free animal diets smoothly over time.
Key Takeaways from the Eubiotics Market Study:
North American eubiotics market lead in terms of market share and accounts for 31.1% of the global eubiotics market in 2021 exhibiting high demand for the product with the presence of leading manufacturers in the region.
Organic acid is the dominant type of eubiotics having more antimicrobial and preservative effects as compared to other types of eubiotics. Organic acid accounts for a market share of 48.3% in 2021 of the global market.
In the form segment, the liquid form is anticipated to witness a lucrative growth rate with a CAGR of 7.8% during the forecast period (2021-2031) for the eubiotics market.
By function, nutrition and gut health is accounted for 37.9% of the total market share in 2021, while the segment is also expected to witness a lucrative growth rate of 7.5% during the forecast period.
In the livestock segment, aquaculture is anticipated to witness a lucrative growth rate with a CAGR of 8.1% during the forecast period (2021-2031) in the eubiotics market.
“The top manufacturers in the eubiotics market in emerging countries are increasingly inclined towards new innovative technologies for better and efficient product development with sustainable and effective solutions to antibiotics. This factor is owing to the high demand for eubiotics, shooting up the adoption of the product in the global market.” According to a lead analyst at FMI.
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Who is winning?
According to the Veterinary Medicines Regulation, published on December 11, 2018, the regulatory body has identified the need to control use of antimicrobial farm animal products and has put a ban on the prophylactic and metaphylactic antimicrobials usage in animals. The regulation will come into effect from January 28, 2022, forcing the manufacturers to convert the antibiotic based products into sustainable alternatives like eubiotics.
Some of the leading companies offering eubiotics are Cargill Inc., BASF SE, Koninklijke DSM N.V., Novozymes, Eubiotics, Lesaffre Group, Kemin Industries, Inc., Novus International, Inc., Chr. Hansen Holding A/S, Beneo Group, and others.
By Type, eubiotics is segmented as:
Probiotics
Prebiotics
Organic Acid
Essential Oil
Enzymes
By Form, eubiotics is segmented as:
Dry
Liquid
By Function, eubiotics is segmented as:
Nutrition and Gut Health
Yield
Immunity
By Livestock, eubiotics is segmented as:
Cattle
Poultry
Swine
Aquaculture
Others
By Region, eubiotics is segmented as:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
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May 9, 2024
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The market for hybrid rice seeds is expected to grow from US$ 5.1 billion in 2023 to US$ 10.8 billion in 2033. Between 2017 and 2022, the global market was initially growing at a CAGR of 7%.
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%
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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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May 9, 2024
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The avocado oil market was valued at USD 287.2 million in 2022, and it is expected to be worth USD 975 million by 2033, increasing at a CAGR of 5.9% through 2033. The health-conscious populace, particularly those who are struggling with weight issues, becomes the dominant avocado oil customer base since avocado oil’s nutrient composition boasts of a greater content of healthy fatty acids. Marketers pitch avocado oil as an instant healthier substitute for olive oil and a substitute for other frying and salad dressing oils.
The growth rates of the global market and its potential for future expansion are compared and evaluated by FMI every six months. Certain demographic and innovative elements of the market are dominant as a result of the subjective effects of macro- and industry-level variables.
The prevalence of lifestyle diseases including cardiovascular problems is rising globally. Study into it has advanced because of the advantages to health that come with consuming avocado oil. Avocado oil has several uses, including in cosmetics, medicine, and personal care products.
It has become extremely important in the medical sector due to several advantages, including weight loss, improved digestion, improved heart health, and being a high source of vitamin E. These elements are expected to favorably fuel the development of the global avocado oil market.
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Key Takeaways from the Market Study
The global avocado oil market saw sales expand significantly between 2018 and 2022, with a CAGR of 4.1%.
The extra-virgin oil market is projected to represent 44.5% of the global avocado oil market in 2023.
The food and beverage industry gained a 51.5% market share of the avocado oil market worldwide in 2022.
The avocado oil market in North America accounted for more than 30% of the worldwide market in 2022.
The North American market share for avocado oil in the United States was 67.9% in 2022.
Prominent players in the avocado oil market are:
Spectrum Organics Products, LLC
Bella Vado Inc.
The Village Press
La Tourangelle, Inc.
Proteco Gold Pty Ltd.
Sesajal S.A de C.V.
Grupo Industrial Batellero
Grove Avocado Oil
Cibaria International
Olivado USA
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Leading manufacturers of avocado oil are zealously pursuing marketing methods such new product innovations, collaborations, technological breakthroughs, R&D activities, investments, and even acquisitions to enhance their worldwide exposure.
The French company Laboratoires Expanscience introduced a new organic, emollient, and nutritious avocado fruit oil in 2021. It was made by cold pressing entire, previously dried avocados.
New York-based company Glow Recipe announced the release of Avocado Ceramide Recovery Serum in 2021. This lotion can improve the skin’s moisture barrier as well as improve the complexion. Ceramides along with avocado fruit oil are the two components worth mentioning since they both provide comfort and TLC. Both Sephora.com and the brand’s website offer the product for sale.
Key Segments Profiled in the Avocado Oil Market
By Type:
Extra Virgin Oil
Virgin Oil
Pure/Refined Oil
Blend
By Application:
Food and Beverages
Pharmaceuticals and Medicinal Formulations
Personal Care and Cosmetics
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia,
Middle East and Africa
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May 7, 2024
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The pulse flours market is expected to be valued at US$ 19.3 billion in 2023, registering a CAGR of 7.0% to US$ 38.0 billion by 2033. Due to features such as minimal fat, high fiber content, and low glycemic index, the demand for pulse flours is predicted to rise in the near future.
Increasing Adoption of Gluten-free Foods is Propelling Market Growth
Growing consumer health consciousness has resulted in the widespread acceptance of a gluten-free diet. People are becoming aware of its significance and taking considerable steps to incorporate it into their lives.
Rapid urbanization and rising disposable incomes have resulted in increased integration of pulse flour, which is fueling pulse flour market expansion. Furthermore, governments around the world are offering incentives for increased production of pulse crops, resulting in the widespread availability of pulse flour. Consumer demand for vegetarian diets and cleaner product labeling is growing, which is expected to boost market expansion.
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Pulse Price Fluctuations Pose Major Roadblocks to the Market
The main threat to the pulse flours market is the variation in the price of pulses used in the production of flour. The product’s pricing is significantly reliant on the price of pulse in a specific region. Prices are minimal in Asia Pacific countries, particularly India, due to large-scale pulse production and the region’s strong emphasis on agriculture.
The rising population has increased demand for the product, resulting in an increase in low-cost imports of pulses from various economies.
Asia Pacific Region is going to be a Prominent Market
Asia Pacific is a key geographical pulse flour market. The regional market’s expansion has been boosted by rising health concerns and increased demand for gluten-free products, particularly in emerging nations such as India and China. To switch to a healthier diet, customers with higher purchasing power have begun incorporating a variety of flours into their regular meals.
The region’s agricultural growth has improved, which, combined with advances in the food processing and food service industries, has opened up new opportunities for pulse flours and boosted the market’s expansion during the historical era.
Key Takeaways
The U.S. pulse flour market is predicted to grow at a moderate CAGR of 6.6% over the forecast period, reaching US$ 10.7 billion in 2033.
The U.K. pulse flours market is estimated to increase at a CAGR of 6.3% over the forecast period, reaching US$ 1.3 billion in 2033.
The China pulse flour market is predicted to grow at a moderate CAGR of 9.5% over the forecast period, reaching US$ 3.8 billion in 2033.
The Japanese market is estimated to grow at a CAGR of 7.7% over the forecast period, reaching US$ 1.9 billion in 2033.
Throughout the forecast period, the South Korean market is predicted to grow steadily at an 8.7% CAGR, reaching US$ 1.2 billion in 2033.
Pea may grow at a CAGR of 7% in the pulse flour market over the forecast period, depending on product type.
In terms of application, the food & beverage category is expected to grow at a CAGR of 6.8% over the forecast period.
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Competitive Landscape
Due to the existence of many players, the competitive landscape of the global pulse flours market is extremely fragmented. Players are pursuing methods such as mergers and acquisitions, and cooperation may assist players in gaining important market positions.
Other investments in research and development tactics may also assist vendors in gaining a substantial place in the overall market rivalry. Bob’s Red Mill Natural Foods, AGT Food and Ingredients Inc., Ingredion GmbH, Red River Commodities, Inc., Globeways Canada, Inc., and Archer Daniels Midland Company are the market leaders in pulse flour.
Recent Development
Product Launch
Ingredion Inc. launched its Prista line of pulse-based ingredient solutions in October 2021. Homecraft Prista P 101 pea flour, Vitessence® Prista P 155 pea protein concentrate, and Vitessence Prista P 360 faba bean protein concentrate are available for plant-protein-based applications such as immediate and ready-to-eat (RTE) products.
The introduction of high-performance Prista concentrates and flours is just one of the many ways Ingredion is delivering on its strategic commitments to accelerate plant-based protein growth.
Key Segments
By Product Type:
Chickpea
Lentils
Pea
Beans
Other Product Types
By Application :
Bakery and Confectionery
Extruded products
Beverages
Animal Feed
Dairy Products
Other Applications
By Distribution Channel :
Food Chain Services
Modern Trade
Convenience Store
Departmental Store
Online Store
Other Distribution Channel
By Region :
North America
Latin America
Europe
Japan
Asia Pacific excluding Japan
The Middle East & Africa (MEA)
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May 7, 2024
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In 2023, the edible nut market is projected to be valued at US$ 87.9 billion worldwide. From 2023 to 2033, it is probably going to accelerate at a strong CAGR of 7.9%. The market is expected to reach US$ 191.3 billion in 2033.
Globally, people are growing increasingly aware of their lifestyle choices and health. They are thus altering their eating patterns. Because nuts are a high-energy and high-nutrient food source, they are incorporating nuts into their diet on a daily basis. Because nuts are high in antioxidants, the World Health Organization (WHO) advises adults to include them in their diets. Frequent nut eating can help control numerous metabolic syndromes, Type 2 diabetes, and cholesterol.
One of the most often consumed kind of nuts is cashew. Brazil is home to the cashew trees that yield cashews. However, cashew tree farming currently takes place in a number of nations with primarily warm climates. The two countries that produce the most cashews are Vietnam and India.
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Market Analysis and Projections
The edible nuts market, with a CAGR of 7.9%, is poised for substantial growth. Retail sales channels, especially supermarkets and hypermarkets, are crucial for reaching upper and middle-income earners. Developed economies like the United States and Germany, along with developing nations like Brazil and India, present lucrative opportunities.
Key Market Dynamics:
Fitness Conscious Consumers: Regular gym-goers and fitness enthusiasts are increasingly embracing nuts for their nutritional benefits, driving demand across various applications.
Food Service Sector Integration: The food service sector is incorporating nuts into menus to cater to the rising demand for nut-based preparations, expanding the application landscape.
Digital Transformation: The global shift towards digital platforms has facilitated the rapid expansion of industries. Edible nut manufacturers are leveraging online sales channels, meeting consumer preferences for convenient online purchases.
Sustainable Farming and Market Impact
As the global focus on sustainable agriculture intensifies, the International Nut & Dried Fruit Council (INC) and major players like Blue Diamond Growers are adopting sustainable practices. The rise of organic nut production aligns with consumer preferences for healthier, environmentally friendly options.
Online Sales Channel Trend:
Digital Promotion: Manufacturers are increasingly promoting and selling edible nuts through online channels, capitalizing on the convenience preferred by consumers.
Consumer Shift: Growing internet usage has fueled consumer preference for online nut purchases, encouraging manufacturers to strengthen their positions in online sales channels.
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Key Takeaways:
Nutritional Appeal: Edible nuts are sought after for their nutritional richness, comprising antioxidants, proteins, and essential vitamins.
Fitness & Wellness: Fitness-conscious consumers are turning to nuts as a healthy snack, aligning with their fitness and wellness goals.
Culinary Integration: Nuts have become integral across bakery, confectionery, and dessert products, contributing to their widespread culinary application.
Key Takeaways for Investors
The edible nuts market presents a compelling investment opportunity. With a projected CAGR of 7.9% and an estimated market value of US$ 191.3 billion by 2033, the industry promises sustained growth. Investors should focus on key players, sustainable farming practices, and the increasing demand for diverse nut forms.
Archer Daniels Midland Company, Diamond Foods, Inc., Olam International Ltd, Blue Diamond Growers, Mariani Nut Company, Select Harvests Limited, Durak Findik, Grower Direct Nut Co. Ltd, Sun-Maid Growers of California, Hines Nut Company, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts, The Wonderful Company LLC, Germack Pistachio Company, Nichols Farms and Setton Pistachio of Terra Bella are among the leading companies in the worldwide market for edible nuts.
Edible Nuts Market by Category
By Product Type:
Cashews
Almonds
Pistachios
Peanuts
Chestnuts
By Nature:
Organic
Conventional
By Form:
Whole
Plain
Roasted
Salted
Powder
Splits
By End-Use:
Food service industry
Household
By Distribution Channel:
Store-Based Retailing
Hypermarkets /Supermarket
Convenience Stores
Specialty Stores
Online Retail
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
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May 6, 2024
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The global white pepper market is witnessing substantial growth, fueled by the increasing demand for exotic flavors, culinary innovation, and the rising popularity of diverse cuisines worldwide. White pepper, known for its subtle yet distinct flavor profile, is carving out a prominent place in kitchens and restaurants globally.
A report conducted by Future Market Insights projects that over the projected period, the White Pepper market will expand at a CAGR of 4.0%. From US$ 4,935.3 million in 2023 to US$ 7,305.4 million in 2033, the industry is predicted to increase in value. The White Pepper Market was estimated to be worth US$ 4,678.0 million by the end of 2022.
One of the key factors driving the white pepper market is the rising consumer awareness regarding the health benefits associated with its consumption. White pepper is rich in antioxidants and possesses antimicrobial properties, making it a sought-after ingredient among health-conscious consumers. Additionally, its versatility in various cuisines, ranging from Asian to Western dishes, further contributes to its widespread adoption.
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The global food industry’s dynamic landscape, characterized by a surge in gourmet dining, food tourism, and the emergence of fusion cuisine, is also propelling the demand for white pepper. Chefs and food enthusiasts alike are exploring new flavor combinations, wherein white pepper plays a pivotal role in enhancing taste profiles and creating memorable culinary experiences.
Furthermore, the increasing disposable income, particularly in developing regions, is driving the demand for premium food products, including white pepper. As consumers seek higher quality and authenticity in their culinary experiences, the market for premium spices continues to expand, presenting lucrative opportunities for stakeholders across the supply chain.
In response to the evolving market dynamics, key players in the white pepper industry are focusing on product innovation, sustainable sourcing practices, and strategic partnerships to maintain a competitive edge. Collaborations with local farmers, investments in research and development, and adoption of eco-friendly packaging solutions are some of the initiatives undertaken to meet consumer expectations and address sustainability concerns.
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Despite the challenges posed by the COVID-19 pandemic, the white pepper market has demonstrated resilience, with online retail channels playing a crucial role in ensuring continuity of supply and reaching consumers directly. Additionally, the growing trend of home cooking and culinary experimentation during lockdowns has further propelled the demand for premium spices, including white pepper.
Looking ahead, the white pepper market is poised for continued growth, driven by evolving consumer preferences, culinary innovation, and the expanding global food industry. With a focus on quality, sustainability, and innovation, the industry is set to capitalize on emerging opportunities and redefine the culinary landscape.
Key Players:
United Spice Co.Ltd; Everest Spices Company; McCormick & Company, Inc.; The British Pepper and Spice Co. Ltd.; Olam International Limited.; Vitagreen Products Pvt. Ltd.; MDH Pvt. Ltd.; Kancor Ingredients Ltd.; Maxrotth Global Foods Pvt Ltd; Akay Spices Pvt. Ltd.; Ajinomoto co. Inc.; Hexa Food Sdn.Bhd.
White Pepper Market by Category
By Product Type, White Pepper Market is segmented as:
Organic
Conventional
By Form Type, White Pepper Market is segmented as:
Ground White Pepper
Whole White Pepper
Rough Cracked White Pepper
By Application, White Pepper Market is segmented as:
Food & Beverage
Personal care
Healthcare
By Distribution Channel, White Pepper Market is segmented as:
Departmental Store
Grocery Store
Modern Trade
Online Retail
By Region, White Pepper Market is segmented as:
North America
Latin America
Europe
Asia Pacific
Oceania
Middle East & Africa (MEA)
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May 6, 2024
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According to an industry report, the vitamin D ingredients market is expected to generate US$ 1560 million by 2023. Estimates indicate the market is predicted to reach US$ 2,780.3 million between 2023 and 2033, representing a CAGR of 5.9%. Increasing consumer demand for health and wellness is prompting cereal manufacturers to improve nutrition content. With pharmaceutical companies increasing their efforts in promoting vitamin D products in the market, the global market for vitamin D ingredients is expected to grow in the near future.
Vitamin D has been popularized as an immune-boosting supplement for protection against COVID-19 in recent years. Researchers found that taking vitamin D3 or D2 supplements reduced infection risk by 20% to 28% and death risk by 33% and 25%, respectively, according to a November study in Nature’s Scientific Reports.
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A report by the United States Bone and Joint Health Initiative states that one in two Americans suffer from musculoskeletal disorders each year, which results in an estimated USD 213 billion in lost income due to treatment costs and lost work time. Approximately 126.6 million American adults (one in two) suffer from musculoskeletal conditions, the same percentage as those living with chronic lung and heart diseases.
Key Takeaways from the Market Study
Vitamin D Ingredients are expected to increase by 6% CAGR between 2022 and 2032.
By 2032, Vitamin D Ingredients are expected to be worth US$ 2686.3 million.
With 14.1% of the market share in 2022, the United States dominated the Vitamin D Ingredients market.
China’s growth over the past few years has been strong, contributing to a CAGR of 4.4% in 2022.
Estimates indicate that the Japanese market accounted for 7% of the global market in 2022.
The German market for Vitamin D Ingredients accounted for 3.4% of the global market share in 2022.
The United Kingdom is represented 4.8% of Vitamin D Ingredients sales by 2022.
According to the market report, Vitamin D Ingredients accounted for 2.4% of the market between 2018 and 2022.
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Competitive Landscape
Vitamin D Ingredients businesses are expanding through partnerships and collaborations. Research and development, new product development, geographic expansion, and partnerships are key strategies that vitamin D Ingredients market players use to increase their customer base.
In May 2023, Koios, a leading producer of better-for-you beverages, launched a new, innovative line of gummies. Gummy products infused with essential vitamins are made with clean, natural ingredients, aligning with the Company’s commitment to promoting health and wellness. Efforts have been made to meet the high quality and taste standards of this new product offering.
In March 2023, Akums Drugs and Pharmaceutical Limited will introduce a series of nutraceutical gummies for health and wellness. In addition to the above products, there is also a line of multivitamins and immunity treatments for adults, in addition to kids multivitamins and sleep support, immunity therapies, hair care (Biotin), vitamin D, UTI gummies, gut health, and many others.
Know More about What the Vitamin D Ingredients Market Report Covers
Future Market Insights offers an unbiased analysis of the global vitamin D ingredients market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the Vitamin D Ingredients market, the market is segmented based on product type, source, application, and industry type across six major regions.
Market Segmentation of Vitamin D Ingredients
By Product Type:
Vitamin D2
Vitamin D3
By Source:
Eggs
Milk
Fish
Fruits, Plant, and Vegetables
Animals
Others (Fungi, Microalgae, Yeast, Plants, etc.)
By Application:
Beverages
Food
Cosmetics
Pharmaceuticals
Pet Food & Animal Feed
Others
By Form:
Resin
Powder
Liquid
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa
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