Packaged Fresh Fruits Market From 2023-2033: Growth Analysis By Manufacturers, Regions, Types And Applications
The packaged fresh fruit market has experienced significant growth in recent years. As consumers increasingly prioritize convenience and healthy eating, packaged fresh fruits have become a popular choice. These products offer the benefits of ready-to-eat, pre-cut fruits that are easily portable and can be enjoyed on the go. With busy lifestyles and growing health consciousness, packaged fresh fruits provide a convenient solution for individuals and families looking to incorporate more fruits into their diet. The market is driven by the demand for freshness, quality, and variety, with companies focusing on innovative packaging designs and sustainable practices to meet consumer expectations.
According to Future Market Insights (FMI), the global packaged fresh fruits market is estimated to reach a total value of US$ 12,837.6 million in 2023. Over the projection period, global sales of packaged fresh fruits are likely to soar at 5.5% CAGR. By 2033, the total, market size is anticipated to reach US$ 22,012.5 million.
Packaged fresh fruits are one of the most versatile products available in the market which can be consumed raw or minced. They also provide the flexibility to flavor milk and other beverages.
Consumers are increasingly looking forward to foods that are readily available and can go with everything. This is expected to elevate packaged fresh food demand during the assessment period.
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It has been observed that individuals are becoming more habituated to healthy snacking at regular intervals owing to their work-centric lifestyles. Millennials are among those who are leading this lifestyle, and as awareness rises, so does the preference for healthy food options.
Further, there is an increase in initiatives taken by national and international organizations to create awareness about eating healthy food. This is expected to create a conducive environment for the development of the global packaged fresh fruits industry.
For instance, United Nations declared 2021 as the ‘International Year of Fruits and Vegetables’ to encourage individuals to make healthier food choices in their daily routines to improve health and reduce the incidence of diet-related illnesses
These initiatives also aim at reducing food losses and waste in global food systems. Such efforts will continue to prove beneficial for the packaged fresh fruit market.
Key Takeaways from this Market Report:
The global packaged fresh fruits market is anticipated to reach a market valuation of US$ 22,012.5 million by 2033.
Based on form, conventional segment is forecast to exhibit a CAGR of 4.9% during the assessment period.
By distribution channel, retail sales segment is set to total a valuation of US$ 17,320.1 million by 2033.
The United States packaged fresh fruits industry size is projected to reach US$ 4,910.2 million by 2033.
China market is forecast to exceed a valuation of US$ 1,840.2 million by the end of 2033.
Packaged fresh fruit demand in India is predicted to rise at 5.2% CAGR during the prediction period.
“The increasing use of fresh fruits in bakery and confectionery applications aligns with the growing consumer demand for healthier and more natural food options, providing opportunities for innovation and market expansion,“ says a lead analyst at Future Market Insights (FMI).
Who is Winning?
Del Monte Foods, Inc., Dole Packaged Foods, LLC, Country Fresh Inc., The Wonderful Company LLC, Goya Foods, Inc., Chiquita Brands LLC, Sundia Corporation, Sahyadri Farms, Trinity Fruit Company Inc., Juicy Gems, Anusaya Fresh India Pvt. Ltd., The FruitGuys, C.H. Robinson Worldwide, Inc., GreenFood Iberica, My Harvest Farms and others are the few leading packaged fresh fruit companies profiled in the report.
These companies are introducing new high-quality products into the market to meet evolving consumer demand and changing industry trends. They are also adopting strategies such as facility expansions, acquisitions, collaborations, etc. to expand their footprint.
For instance,
In October 2020, Goya Foods, an American Hispanic-owned food company, announced a US$ 80 million investment to expand its manufacturing and distribution capacities at the facility in Brookshire, Texas.
In May 2021, a Chinese fruit manufacturer, Joy Wing Mau Corporation Ltd, announced a strategic partnership with Dole China to launch a packed fruit cup.
In 2017, a German company named FOOD Freshly formed a joint venture which is named FOOD Fresh India, with exotic fruits importer IG International to launch packaged fresh-cut fruits such as apples, pears, and other fruits.
Get More Valuable Insights:
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global packaged fresh fruits market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the packaged fresh fruits industry based on variety (apple, banana, peaches, grapefruit, mango, orange, kiwi, lemon, pineapple, and pomegranate), nature (organic, natural, and conventional), distribution channel (retail sales (discount stores, hypermarkets/supermarkets, grocery stores, specialty food stores, wholesale stores, online retail, and others) and HoReCa), & Region.
Market by Categorization:
By Variety:
Apple
Banana
Peaches
Grapefruit
Mango
Orange
Kiwi
Lemon
Pineapple
Pomegranate
By Nature:
Organic
Natural
Conventional
By Distribution Channel:
Retail Sales
Hypermarkets/ Supermarkets
Discount Stores
Wholesale Stores
Grocery Stores
Specialty food Stores
Online Retail
Others
HoReCa
By Region:
North America
Europe
Latin America
South Asia
East Asia
Oceania
Middle East & Africa
Information Source: https://www.futuremarketinsights.com/reports/packaged-fresh-fruits-market
Europe Pet Food Supplements Market Research Report - Opportunities & Challenges With Completely Different Segments, Forecast- 2033
The Europe pet food supplements market has witnessed significant growth in recent years. With a rising focus on pet health and wellness, pet owners are increasingly turning to supplements to enhance their furry companions’ nutrition and address specific health concerns. These supplements cater to a range of needs, including joint support, skin and coat health, digestive health, and overall vitality. The market offers a wide variety of products, including vitamins, minerals, probiotics, omega-3 fatty acids, and herbal extracts. As pet owners become more conscious of their pets’ well-being, the demand for pet food supplements is expected to continue its upward trajectory, presenting lucrative opportunities for manufacturers in the industry.
Europe Pet Food Supplements Market increased between 2018 and 2022 at a CAGR of 4.7%. The Europe Pet Food Supplements Market is anticipated to grow at a CAGR of 5.9% from 2023 to 2033.
In 2023, the market for pet food supplements in Europe is projected to be worth US$ 247.8 million. According to Future Market Insights (FMI), it is likely to surpass revenues of US$ 441.6 million by 2033.
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Europe’s pet food supplements market is likely to be driven by factors such as increasing pet ownership, growing awareness of pet health and nutrition, and the humanization of pets.
Pet Food Supplements are products designed to complement pets’ regular diets and provide additional health benefits. Popular supplements include vitamins, minerals probiotics, joint support products, skin and coat supplements, and digestive health aids. These supplements are available in several forms, including tablets, chews, powders, and liquids.
Several key players in the pet food supplements market offer a wide range of supplements for pets in Europe. These include both established pet food companies and specialized supplement manufacturers.
Distribution channels for pet food supplements in Europe typically include pet specialty stores, veterinary clinics, and online retailers. Europe’s pet food supplements market is characterized by increasing product innovation and the introduction of natural and organic options. Pet owners are becoming more conscious about the ingredients and quality of products they purchase. It is leading to a demand for premium and specialized supplements.
Key players in the market include Mars Petcare, Nestle Purina, Hill’s Pet Nutrition, Nutramax Laboratories, and Vetoquinol. They are continually introducing new pet food supplement formulations. It includes functional ingredients, natural and organic options, and personalized products.
Key Takeaways are:
Europe’s pet food supplements market is set to be worth US$ 441.6 million by 2033.
Demand for pet food supplements in Europe is likely to soar at 5.9% CAGR over the forecast period.
Based on nature, the organic pet food supplements segment is anticipated to reach a valuation of US$ 97.4 million by 2033.
By form, the tablets & capsules segment is likely to exhibit a 4.1% CAGR during the projection period.
The United Kingdom is projected to hold a dominant valuation of US$ 113.5 million in the Europe market by 2033.
Germany’s pet food supplements market is likely to top US$ 72.0 million by 2033.
France is estimated to witness a value CAGR of 5.9% during the projection period in the Europe pet food supplement market.
Market by Categorization:
By Nature:
Organic
Conventional
By Form:
Capsules
Chewable
Gel
Liquid
By Pet Type:
Cat
Kitten
Senior
Dog
Puppy
Adult
Senior
By Distribution Channel:
Store-Based Retailing
Hypermarkets/Supermarkets
Convenience Stores
Mom & Pop Stores
Pet Food Stores
Independent Grocery Retailers
Other Retail Formats
Online Retailers
By Country:
Germany
The United Kingdom
France
Italy
Spain
BENELUX
Nordic
Russia
Poland
Rest of Europe
Who is Winning?
Nutramax Laboratories, Pet Naturals of Vermont, NaturVet, Tomlyn, VetriScience, Zesty Paws, VetIQ, MPP, Pro-Sense, Makondo Pets, Gimborne, Paws & Pals, GNC, Purina Pro Plan Veterinary Supplements, Pet-Tabs, Wholistic Pet Organics, Advita, RestoraPet, Marshall Thundering Herd, Infinite Pet, Organic Pet, and Alaska Naturals are key pet food supplements manufacturers listed in the report.
Key manufacturers are developing innovative and high-quality pet food supplements to meet the specific nutritional needs of different pets. They are investing in research and development to introduce new ingredients, formulations, and flavors.
Manufacturers often form partnerships with distributors and retailers to expand their reach and ensure efficient distribution. They are differentiating their products through various factors. These include organic and natural ingredients, specific health benefits, product packaging, and targeted solutions for specific pet age groups and breeds.
For instance,
In September 2022, Perfect Powder is a full nutrient, minerals, and protein mix that supports balanced organic food for dogs of all ages. It was developed by Opal Pets, a top producer of vegan food items for animals. It is now sold online and available throughout Europe.
In July 2021, an ingredient for pet food and feed that is high in antioxidants called NOVASTA was launched in the European market by AstaReal. It is a provider of natural astaxanthin. Astaxanthin is referred to by the manufacturer as “nature’s most potent antioxidant.”
Information Source: https://www.futuremarketinsights.com/reports/europe-pet-food-supplements-market
Oats Market - Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies 2032
The oats market is a segment of the global agricultural industry that focuses on the production, trade, and consumption of oats, which are a type of cereal grain. Oats are primarily grown for their nutritional value and are widely used in various food products and feed for animals.
The global oats market is estimated at USD 6.1 Bn in 2022 and is projected to reach USD 10.8 Bn by 2032, at a CAGR of 5.9% from 2022 to 2032.
Globally, the market is estimated to create an absolute $ opportunity of about USD 4.7 Bn by 2032. The property of oats is to provide a complete meal without the requirement of any additional ingredient which makes it the most popular grain among the others. This factor can be attributed for the escalating growth of the oats market across different regions, mainly APAC.
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The incorporation of oats in the food industry is mainly due to the increasing market penetration of breakfast cereal products. The abundance of nutrients, particularly the dietary fiber content of oats, accompanied with the rising health consciousness of people, is one of the key factors driving the global oats market. Apart from being a very healthy option for meals, oats contribute equally well for maintaining hair and skin health. The increasing consumption of convenience food and on-the-go food products also exhibits a positive impact on the oats market.
The growing economy is expected to exhibit a substantial growth over the retail chains across the globe. This, in turn, facilitates the demand for oats and oat products. Due to the preference of cereal products, retail chains are coming up with innovative types of oats and oat-based products accompanied by captivating advertisements, thus evoking a sense of authenticity to buy their products. Leading brands are continuously gaining traction by launching premium range of oat products, creating a long-term growth opportunity all over the globe.
Moreover, the growing fast-paced lifestyle of people has led to the increasing demand for portable and conveniently packed food products, thus elevating the demand for ready-to-eat oat products. These factors have led to an increasing penetration of established players by ensuring a highly competitive market scenario for oats and oat products, and fortifying the overall growth of the oats market over the forecast period.
Growing Demand for Food, Globally
With the increasing rate of world population and healthier economic conditions, there will be more mouths to feed and more plates to fill. The changing trend of food and beverage consumption is likely to impact the transition of oats and oat-based products for the middle class, which, in turn, is expected to increase the demand for oats in the preparation of cereal products. Also, per capita expenditure on food and beverages by the global population has witnessed a significant increase over the years. The key reason behind this is increasing health consciousness among consumers, as oats are among the most preferred alternatives, not only for breakfast but also for snacks, due to the better appetite fullness promotion behavior of oats. This increasing per capita expenditure is also expected to support the growth of the oats market.
Key Segments Covered
Global Oats Market – By Product Type
Oat Groats
Whole Oats
Steel Cut Oats
Rolled Oats
Oats flour
Global Oats Market – By End Use
Breakfast Cereals
Bakery Products
Snacks & Savories
Others
Global Oats Market – By Distribution
Hypermarkets/Supermarkets
Convenience Stores
Online Retail
Others
Global Oats Market – By Region
North America
Mexico
Latin America
Germany
U.K.
Western Europe
Eastern Europe
Australia & New Zealand
APAC
MEA
Increasing Urbanization Across the Globe
Owing to employment prospects, the migration of working population to tier-1 cities is expected to witness a significant increase over the forecast period, causing a major rise in the urbanization trend across the globe. Moreover, the contribution of growing economies is also expected to bolster the demand for oats over the forecast period. This increasing urbanization supported by the rising economy is expected to contribute significantly towards driving the oats market.
Key Producers of Oats
Some of the major companies operating in the oats market space are Nestlé S.A., Quaker Oats Company, The Kellogg Company, General Mills, Inc., Pioneer Foods Ltd., The Hain Celestial Group, Inc., Marico Limited, B&G Foods, Inc., Post Holdings, Inc., Grain Millers, Inc., Bob’s Red Mill Natural Foods, Inc., Richardson International Limited, Bagrry’s India Ltd, Nature’s Path Foods, NOW Health Group, Inc., Helsinki Mills Ltd., Morning Foods Limited, Avena Foods Limited, Blue Lake Milling Pty Ltd. (CHB Group), and Unigrain Pty Ltd, among other oat manufacturers.
Frequently Asked Questions
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Information Source: https://www.futuremarketinsights.com/reports/oats-market
Monk Fruit Sugar Market - Growth, Statistics, By Application, Production, Revenue & Forecast To 2033
As per a recent FMI analysis, the Global Monk Fruit Sugar Market is currently valued at US$ 124.0 million in 2023. It is likely to reach at a market valuation of US$ 201.8 million by 2033, exhibiting a CAGR of 5.2% during the forecast period.
Health-Conscious Trend: Driving Growth of Monk Fruit Sugar Market
Monk fruit sugar, a natural sweetener derived from monk fruit, is gaining significant traction in the global market. As consumers seek healthier alternatives to traditional sugars, the monk fruit sugar market has witnessed remarkable growth. This zero-calorie sweetener offers an appealing choice for health-conscious individuals and those managing diabetes. Its high-intensity sweetness and lack of bitter aftertaste have made it a popular ingredient in various food and beverage products, including desserts, beverages, and snacks. With increasing awareness of its benefits, manufacturers are incorporating monk fruit sugar into their formulations, driving the market’s expansion
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Versatile Applications: A Popular Ingredient in Food and Beverage Products
The industry for monk fruit sugar is rising as a result of its increasing applications across several sectors. This includes the food & beverage, and pharmaceutical sectors, and commercial and household purposes on a global scale.
During the forecast period, sales of monk fruit sugar are also anticipated to be driven by the growing demand for sustainable sourcing.
Innovation in Product Offerings: Expanding Monk Fruit Sugar Market
The market is anticipated to propel over the forecast period because of its unique sweetness that has diverse applications. Manufacturers have also found this sugar to be a versatile product that is easy to handle and eco-friendly. This is further expected to drive demand for monk fruit sugar globally.
Companies are focusing on product innovation and expanding their monk fruit sugar offerings. They are introducing monk fruit sugar in several forms including powdered form, granules, and liquid form to cater to diverse consumer preferences.
Transition to Mainstream Retail Channels: Growing Popularity and Health Awareness
The food and beverage sector is witnessing significant adoption of monk fruit sugar as a key ingredient in a wide range of products. It is used in beverages, baked goods, dairy products, and other food applications to provide sweetness without calories and to meet the demand for healthy options.
Monk fruit sugar is expected to make a transition from niche health stores to mainstream retail channels. The growing prevalence of diabetes, increasing health consciousness, and the demand for natural sweeteners are the factors that are projected to fuel the growth.
Clean-Label and Plant-Based Movement: Boosting Demand for Natural Sweeteners
The global shift toward clean-label and plant-based products is anticipated to drive the demand for monk fruit sugar as a natural and sustainable sweetener. As consumers become more aware of the risks associated with artificial sweeteners, the market for natural alternatives is likely to expand.
Key Takeaways from the Monk fruit sugar Report:
The global market for monk fruit sugar is set to reach at a worth of US$ 201.8 million by 2033.
Global demand for monk fruit sugar is likely to soar at 5.2% CAGR over the forecast period.
Based on the form, the powder form segment is anticipated to reach a valuation of US$ 171.2 million by 2033.
By end use, the food and beverage industry segment is set to soar at a 4.7% CAGR during the forecast period.
North America is projected to hold a dominant value share of 51.3% in the global market by 2033.
The United States monk fruit sugar market is projected to reach a valuation of US$ 90.5 million by 2033.
During the forecast period, Japan is set to register 5.6% CAGR in the global market over the forecast period.
“Increasing demand for healthy alternatives among diabetic patients is projected to drive demand for monk fruit sugar globally. Key companies are focusing on enhancing their flavor profiles, developing new formulations and exploring novel application areas in the food and beverages sector to stay competitive.” – says a lead analyst at Future Market Insights (FMI).
Top Companies in Monk Fruit Sugar Market and Their Winning Product Strategies:
Key companies are might aim to expand their market presence geographically. This could involve targeting new regions and countries where monk fruit sugar is not yet widely available. They are establishing distribution networks and partnership to reach a large customer base.
Top Key Companies:
Archer Daniels Midland Company
Monk Fruit Corp.
Apura Ingredients
Guilin Layn Natural Ingredients Corp.
Imperial Sugar Company
Whole Earth Sweetener Co., LLC
Health Garden USA
Matakana SuperFoods Ltd.
Group Krisda Stevia Canada Inc.
Bulk Barn Foods Limited
Lakanto
For instance,
In November 2022, Lakanto has introduced monkfruit-based sweeteners to Indian customers. Lakanto is from the Saraya family, which manufactures and sells health and hygiene goods and services.
In October 2019, Layn, a sweeteners player, has introduced a new patented version of monk fruit which the company claims can naturally generate 20% more mogrosides. These sweet components present in monk fruit are important elements in sugar reduction.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global monk fruit sugar market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the monk fruit sugar market based on nature (natural, organic) form (powder and liquid) and end use (industrial, commercial, and household), packaging type (bags & sacs, pouches, folding cartons, jars) sales channel (direct, indirect, and online retailing) across several regions.
Monk fruit sugar Market by Category
By Nature:
Natural
Organic
By Form:
Powder
Liquid
End Use:
Industrial
Food & Beverage Industry
Bakery
Dairy & Ice cream
Chocolate & Confectionery
Breakfast Cereals
Beverages
Others
Pharmaceutical Industry
Commercial (HoReCa)
Household (Retail)
By Packaging Type:
Bags & Sacs
Pouches
Folding cartons
Jars
By Sales Channel:
Direct (B2B)
Indirect (B2C)
Store-based Retailing
Hypermarkets/ Supermarkets
Convenience Stores
Food & Drink Specialty Stores
Others
Online Retailing
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
About the Food & Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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Fish Silage Market - Segmentation And Analysis By Recent Trends, Development And Growth By Regions To, Analysis, Forecast To 2033
The global fish silage market is anticipated to reach a market valuation of US$ 780.9 million in 2023. Over the forecast period (2023 to 2033), global fish silage demand is estimated to grow at 10.2% CAGR. By 2033, the total market is projected to reach a US$ 2,065.0 million valuation.
Fish silage is vital because it is a versatile feedstuff, cost-effective, simple to process, long-term storage life, along with an environmentally sound way of disposing of fish waste.
Despite the fact that the production and usage of fish silage have been commercialized in Scandinavia, many efforts have been made in Canada, primarily due to economic pressures, rigorous environmental rules, and the need for protein sources.
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More specifically, the production of fish silage is an appealing alternative for small processors for whom fish meal manufacturing is too expensive and raw material supply is insufficient or sporadic.
In small remote fishing ports where the supply of fish waste is limited, a fish meal factory is not economically feasible nonetheless, fish silage is an alternative feasible option for manufacturing value-added products.
Fish silage, like fish meal, is mostly used in animal feed. Fish meal has 65% protein, whereas fish silage contains just about 15%. Fish meals, on the other hand, can be supplemented with fish silage at various amounts to minimize feed costs. Silage appears to be more practicable in pig farms, where it may be applied directly as a liquid.
Aside from the pig industry, hens and cows fed silage yielded good results such as tainted milk and butter and high egg production. By isolating the oil phase and evaporating the moisture, silage can be utilized as a protein concentrate. Concentrated silage is preferable to regular silage because it has a higher nutritional value.
Key Takeaways from the Fish Silage Report:
The Fish silage market is expected to be valued at US$ 780.9 million by 2023.
Global demand for fish silage is likely to soar at 2% CAGR over the forecast period.
Based on Type, demand for Wet type is expected to continue as it is holding a market share of 0% to reach a market valuation of US$ 1,837.8 million by the end of 2033.
According to FMI analysis, the liquid segment is predicted to attain a market share of 0% during the assessment period, resulting in a market size of US$ 1,610.7 million by 2033.
According to FMI, there is an increasing application of fish silage in aquaculture feed and it is estimated to hold a market share of 0% and is anticipated to reach a market valuation of US$ 1,156.4 million by the end of 2033.
“The Fish silage market is expected to expand due to rising consumer preference for sustainable agricultural practices along with alternative animal feed sources presenting an opportunity to Manufacturers to Innovate More– says a lead analyst at Future Market Insights (FMI)
Who is Winning?
BioMar Group, Calysta, Inc., Biomega AS, Alltech Coppens, Skretting, Nutreco N.V., Ridley Corporation Limited, Archer Daniels Midland Company, Cargill, Inc., Dibaq A.S. and others (on additional request) are key fish silage manufacturers listed in the report.
These companies are expanding product portfolios, employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the fish silage market.
For instance,
In November 2021, the Caribbean Agricultural Research and Development Institute (CARDI) and The United Nations Food and Agriculture Organisation (FAO) recently collaborated to offer a virtual Fish Silage for Animal Feed Seminar for stakeholders and 25 participants.
In July 2019, Argentina’s government recently hosted a workshop with the St. Kitts and Food and Agriculture Organisation (FAO) and Nevis Marine Resources Division. The project’s goal is to convert unused fish parts into safe and nutritious products for cattle consumption and fertilizer. The idea creates jobs while also assisting in ensuring food security and lowering the food import expense.
In March 2021, Iran intends to create three new fish silage production firms in the Iranian year (March 21, 2021 to March 20, 2022), according to Deputy Chairman of Iran Fisheries Organisation Isa Golshahi, according to Trend, quoting the Ministry of Agriculture Jihad.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global fish silage market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the fish silage market based on Fish Type (Tuna, Salmon, Sardine, Mackerel, and Others), Type (Dry Silage and Wet Silage), Form (Powder, Liquid, and Pellet) Application (Aquaculture Feed, Pet Food, Agriculture Feed, and Others), across various regions.
Fish Silage Market by Category
By Type:
Dry Silage
Wet Silage
By Fish Type:
Salmon
Tuna
Sardine
Mackerel
Others
By Application:
Aquaculture Feed
Pet Food
Agriculture Feed
Others
By Form:
Pellets
Powder
Liquid
By Region:
North America
Europe
Latin America
East Asia
Oceania
South Asia
Middle East & Africa
About the Food & Beverage Division at Future Market Insights (FMI)
FMI’s Food & Beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.
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Prebiotic Ingredients Market Size, Share, Future Road-map, Technological Innovations & Growth Forecast To 2032
In 2022, the prebiotic ingredient market is anticipated to be worth USD 6.6 billion. According to Future Market Insights (FMI), the market as a whole is anticipated to increase at a CAGR of 10.5% from 2022 to 2032, reaching a worth of USD 18 Bn.
According to FMI, as more people become aware of the benefits of prebiotic ingredients in sustaining a healthy digestive system and fostering a healthy metabolism, the market for prebiotic ingredients will continue to grow.
“Prebiotic ingredients are natural, food compound ingredients that induce the activity or growth of favorable micro-organisms such as fungi or bacteria. Prebiotic fiber of the predominant type may vary according to the food. The food source such as unrefined barley, whole grain cereals, raw oats, and yacon are classified as prebiotic fiber sources. One of the biggest advantages of prebiotic ingredients is they are unaffected either by long term storage or by temperature and are highly stable. Prebiotic ingredients are resistant to the body’s gastric acid and enzymes, which are not digested, absorbed or destroyed as they travel through the digestive system. Prebiotic ingredients can be added to every type of supplement, drink, and food without compromising their efficiency,” says FMI.
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Manufacturers Emphasize Building Consumer Trust through Transparency in Production
New techniques have supplied customers with access to smart labels that allow them to monitor the product’s journey. Consumers are now requesting food businesses to improve the transparency of their products, moving beyond their profile, ingredients and dietary concentration.
Consumers are demanding to know product origins-from how and where the components are derived when the end product was manufactured.
Trust and transparency have become significant difficulties in the food and beverage sector, as there are no rigid laws and rules on clear branding established by authorities. Companies began to use clear branding as a glittering generality for advertising and marketing reasons and used it to market their products as completely pure products.
Cleaner procedures are crucial for companies to sell transparency in their food products without marginalizing market demand.
Favorable Government Policies Support the Benefits of Prebiotic Foods
Support from health organizations and governments is one of the key reasons for the growth of the prebiotic ingredients market. The major concern of consumers is the safety and health-benefiting properties of food products they purchase.
Certifications and government approvals for food products become a primary concern for consumers, and this is becoming necessary for manufacturers in the food and beverage industry to use appropriate ingredients to gain trust of the consumers.
The support of the government for the use of prebiotic ingredients in various end-use industries is estimated to drive the prebiotic ingredients. Prebiotic ingredients are commonly used as a natural sweetener in various food applications, and the support from government and health organization is one of the main reason for growth of prebiotic ingredients market.
Market Segments Covered In Prebiotic Ingredients Industry Analysis
By Ingredients :
Fructo-oligosaccharide
Mannan- oligosaccharide
Galacto- oligosaccharide
Inulin
Other Ingredients
By Application :
Clinical Nutrition
Dietary Ingredients
Functional Food & Beverages
Dairy Products
Infant Formula
Breakfast Cereal
Meat Products
Animal Nutrition
Pet Food
By Source :
Vegetables
Cereals
Roots
Other Sources
Region :
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
The report covers exhaustive analysis on:
What is the value of prebiotic ingredients market in 2021?
What is the anticipated growth rate of the prebiotic ingredients market in the forecast period?
What is the anticipated global demand for prebiotic ingredients over the forecast period?
Who are the prominent players in the global prebiotic ingredients market?
Which are the countries contributing in the expansion of prebiotic ingredients market?
At what level does the report reflect pricing analysis?
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Mezcal Market Growth Opportunities, Industry Analysis, Size, Share, Geographic Segmentation & Competitive Landscape Report To 2033
By 2023, it is anticipated that the global mezcal market would be worth US$ 386.4 million. It will pick up speed at a 14.0% CAGR from 2023 to 2033. Sales of mezcal are probably responsible for a portion of the global food market’s demand. The mezcal market is anticipated to reach a valuation of roughly US$ 1,438.1 million in 2033.
Driven by consumer interest in craft beers, distillers are experimenting with various agave varieties for mezcal production with a healthy twist to satiate their evolving preferences. According to FMI, the demand in the 100% tequila category will rise exponentially. Following the age of craft beer, there is a visible shift towards trying mezcal, especially in the West, which has been key to the growth registered in the 100% tequila segment.
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It has been noted trends popularized across social media platforms have a profound influence in determining consumer behavior pattern. While online exposure has increased frequency to bars, pubs, and lounges, focus on health is yet another growth driver. The absence of gluten has been increasing their preference for drinks that include mezcal.
Key Takeaways from the Mezcal Market Study
Outlook for the mezcal market remains strong for the upcoming decade as it is forecast to rise at nearly 13.5% CAGR between 2021 and 2031
Backed by the soaring popularity of mezcal, the U.S. is expected to account for over 90% of mezcal sold in North America in 2021
Mexico will remain a key producer of mezcal, exhibiting over 10% Y-o-Y growth in 2021
U.K. will remain a bright spot, exhibiting above 14% Y-o-Y growth in 2021
Outlook for Brazil in Latin America and China in Asia Pacific excluding Japan will remain strong
“Mezcal market is populated by small producers. With competition soaring across most lucrative pockets, players are likely to focus on research and development. For instance, some of them are leveraging high-pressure process (HPP) to extend the shelf life of mezcal,” said a lead analyst at FMI.
Who is winning?
A few of the leading players operating in the Mezcal market are Bacardi Limited., Familia Camarena Tequila, Craft Distiller, Destileria Tlacolula, Diageo Plc., Don Julio, S.A.de., EI Silencio Holdings INC, Fidencio Mezcal, Ilegal Mezcal, Sombra Mezcal, William Grant & Sons Ltd, Sauza Tequila Import Company, Rey Campero., Brown-Forman Corporation (Grupo Industrial Herradura, S.A. de C.V.)., Del Maguey Co., Pensador Mezcal, Pierde Almas.and other players.
Several leading manufacturers of mezcal are focusing on partnering with prominent players in the market to increase its business footprints and to increase their production capacity. Leading players of mezcal are investing in research and development to produce organic, non-GMO ingredients for mezcal.
For instance, Diageo acquired Pierde Almas, which is a premium brand, in 2018 and extended launched a mezcal to extent its Casamigos Tequila line.
Similarly, Campari Group acquired a controlling stake in Montelobos mezcal and Ancho Reyes liqueur for a deal of whopping US$ 35.7 million in 2019.
Key Segments
Product Type
Mezcal Joven
Mezcal Reposado
Mezcal Anejo
Concentrate
100% Tequila
Mix Tequila
Sales Channel
HORECA
Speciality Stores
Modern Trade
Online Retailers
Other Sales Channels
Region
North America
Latin America
Europe
Japan
APEJ
MEA
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Animal Feed Market - Global Briefing, Growth Analysis And Opportunities Outlook 2023 To 2033
According to Future Market Insights (FMI), the global animal feed industry is set to be valued at US$ 530.0 billion in 2023. It is anticipated to reach US$ 929.0 billion by 2033. Over the next ten years, global animal feed demand is likely to increase at a CAGRof 7.3%.
Increasing world population has boosted demand for animal protein. Demand for the production of livestock and poultry has surged as more individuals move into the middle class and adopt diets high in meat & dairy products. A greater amount of animal feed is needed to meet this demand.
Rising demand for animal feed is partly a result of economic growth in emerging markets. Populations of nations such as China, India, and Brazil are demanding more varied meals as a result of rising industrialization and urbanization of those nations. As a result, people are eating more meat, which has increased the need for animal feed.
Growth in demand for animal feed has been significantly influenced by expansion of aquaculture. In order to address the rising global demand for seafood, fish farming has gained immense popularity.
For fish to develop effectively, feed must be nutrient-rich. Need for specialized feeds made for various species increases as aquaculture develops.
Research & developments in animal nutrition have shown the advantages of tailored diets for livestock and poultry. In order to enhance animal health, growth rates, and product quality, farmers and producers are beginning to realize how crucial it is to provide balanced & high-quality feed. Due to this awareness, feed formulations are becoming more complex, and demand for specialty feed products is rising.
Global demand for animal feed is on the rise, in part due to ongoing expansion of the pet food sector. Demand for premium pet food has soared as more people acquire pets and cherish them as beloved family members.
A sizable market has been generated for specialty pet food formulations that meet distinct dietary requirements of multiple animal species, including dogs, cats, and exotic pets. Demand for components used in animal feed is increased by the sector’s heavy reliance on it.
High-performance animal breeds that need specialized diet have emerged as a result of improvements in livestock genetics and breeding methods. These genetically enhanced animals have special nutritional needs to sustain their development, output, and general wellbeing.
To address the unique nutritional requirements of these animals, there is a growing demand for customized and specialized animal feed formulations. This trend is especially noticeable in the poultry and dairy sectors, where maximizing production and performance is highly valued.
Key Takeaways from the Animal Feed Market Report:
The global animal feed industry elevated at a CAGR of 6.1% from 2018 to 2022.
The United States animal feed industry is projected to witness a considerable CAGR of 6.3% in the next ten years.
China animal feed industry is anticipated to reach a valuation of US$ 101.6 billion by 2033.
The United Kingdom animal feed industry is likely to register a CAGR of 5.4% from 2023 to 2033.
By source, the plant-based segment is projected to hold the most prominent animal feed market share in 2033.
“Through a variety of factors, the retail sector is vital in driving up demand for animal feed. Retail businesses might directly affect consumer choices by providing an extensive selection of animal-based goods. It is hence expected to open door to new opportunities” – says a lead analyst at Future Market Insights (FMI).
Who is winning?
Leading companies are placing a strong emphasis on quality assurance in the global animal feed industry. They are doing this by putting strict testing and quality control procedures into place at every stage of the manufacturing process.
They are further gaining certificates such as good manufacturing practices (GMP) or quality certifications for the production of organic or non-GMO feed. The credibility and confidence of customers can be increased with this tactic.
Brands might additionally distinguish their animal feed products by providing distinctive formulas, specialist ingredients, or particular advantages catered to certain animal species. They can differentiate themselves in the market and satisfy particular needs thanks to this tactic.
In order to address the rising demand for ecologically friendly products, numerous animal feed companies might implement sustainable and eco-friendly procedures. They can use less waste, water, and energy while obtaining materials from sustainable agriculture.
For instance,
Evonik declared its intention to release an improved version of Biolys in May 2023. It would be a reliable source of lysine for animal feed. Clients will be able to more efficiently meet the essential amino acid L-lysine needs of their animals.
Get More Valuable Insights into Animal Feed Market Report
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global animal feed industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the animal feed industry based on species (poultry (commercial), backyard poultry, ruminants, swine, equine), form (wet/moist food, dry kibble, semi-moist food, frozen, and freeze-dried food), source (plant-based, animal-based, micro-organisms), sales channel (direct sales, indirect sales, modern trade, animal feed stores, veterinary clinics, online retailers), and regions.
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Sorbic Acid Market Size, Share Production & Consumption Analysis With Forecast To 2033
According to Future Market Insights (FMI), the worldwide sorbic acid market is valued at US$ 62.2 million in 2023. It is anticipated to reach US$ 121.9 million by 2033. Over the forecast period 2023 to 2033, global sorbic acid demand is likely to increase at a CAGR of 7.0%.
Growing demand for packaged food products with extended shelf life and growing usage of sorbic acid as a safe and effective food preservative are key factors driving the market.
Sorbic acid is mostly used as a preservative in the food and beverage sector. It restricts the growth of microorganisms and also amplifies the shelf life of food products.
The demand for clean-label ingredients and natural food preservatives is gaining traction. This in turn is prompting companies to use preservatives such as sorbic acid.
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Regulatory authorities such as EFSA and FDA have permitted the use of sorbic acid as a food additive with boundaries. High usage of this substance as a food preservative in a wide range of food products will therefore boost the target market.
Fundamentally, sorbic acid plays a crucial role in ensuring product quality and upholding food safety standards in the food and beverage sector.
The market is poised for substantial growth in the upcoming decade. This upward trajectory can be attributed to a multitude of factors, including the expansion of the food & beverage sector and an increasing preference among consumers for naturally sourced products.
There is also a surging demand for clean-label options and products with extended shelf life. This will further boost the target market.
The sorbic acid market comprises predominantly consolidated players who prioritize product quality and compliance with regulatory guidelines. Meanwhile, new entrants and smaller-scale players actively seek partnerships and collaborations with food manufacturers.
Key Takeaways from the Sorbic Acid Report:
The global sorbic acid market is expected to reach a valuation of US$ 121.9 million by 2033.
Global demand for sorbic acid is likely to grow at 7.0% CAGR over the forecast period.
Based on form, the powder sorbic acid segment is anticipated to reach a valuation of US$ 99.0 million by 2033.
By application, the food and beverages segment is likely to exhibit 5.0% CAGR during the projection period.
The United States is projected to reach a valuation of US$ 43.1 million by 2033.
Germany is estimated to rise at 3.6% CAGR during the projection period.
“Growth of processed and convenience foods, regulatory approvals and compliance, and consumer demand for clean label and natural products to have a positive impact on the market growth. Sorbic acid manufacturers are following a strategic approach to meet market demand and ensure the production and supply of high-quality sorbic acid.” - says a lead analyst at Future Market Insights (FMI)
Who is Winning?
ROSE FOODSTUFF CHEMISTRY COMPANY LIMITED, Solvay, Suzhou-Chem Inc., Celanese Corporation, Eastman Chemical Company, PT Halim Sakti Pratama, Ltd, Seidler Chemical Co. Inc., AVATAR CORPORATION, Prinova Group LLC, KIC Chemicals Inc., Continental Chemical USA, Wego Chemical & Mineral Corporation, and QINGDAO KAISON CHEMICALS CO. are key sorbic acid manufacturers listed in the report.
The presence of several competitors describes the competitive picture of the sorbic acid industry. To uphold superior product characteristics and meet regulatory factors, sorbic acid manufacturers concentrate on quality assurance.
Companies implement rigorous quality control methods, undertake periodic audits, and make certain that food safety rules and industry regulations are complied with. They are also using tactics such as capacity expansions, partnerships, mergers, collaborations, and acquisitions to expand their footprint. For instance,
In August 2019, Prinova Group LLC was acquired by Nagase Group to expand its offerings and deliver consistent value to its customers globally.
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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global sorbic acid industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the sorbic acid market based on form (powder and liquid), application (food and beverage, pharmaceuticals, nutraceuticals, cosmetics & personal care, pet food, and animal feed), and regions.
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Champagne Market Landscape Assessment By Type, Opportunities And Higher Mortality Rates By 2033
In recent years, the Champagne Market has embraced sustainability and environmental responsibility. As environmental concerns gained prominence, several Champagne houses implemented eco-friendly practices, from organic and biodynamic viticulture to reducing their carbon footprint during production and distribution.
The Champagne Market is securing a valuation of US$ 7.3 Billion in 2023 and is projected to reach US$ 11.9 Billion by 2033. The market is capturing a CAGR of 5% during the forecast period.
In the world of sparkling wines, Champagne reigns as the epitome of elegance, luxury, and celebration. Originating from the picturesque Champagne region in France, this effervescent drink has captivated hearts worldwide for centuries. Today, the Champagne market continues to sparkle, embracing innovation while cherishing its rich tradition and heritage.
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Growing Popularity of Champagne to Upsurge the Global Market:
Consumers are fond of champagne due to its sparking unique taste and quality. The popularity of champagne is relatively high in France. The consumers offer each other traditional and high-quality champagne on special occasions and events.
The changing consumer tastes, growing disposable income, and increasing demand for premium drinks are expanding the global market during the forecast period. The food & beverage sector provides champagne with food items to enhance its versatility.
The food and beverage manufacturers are investing in research and development activities to develop better and more sustainable champagne. They are marketing and branding their precious products with exclusive packaging attracting consumers’ attention. The growing distribution networks and e-commerce sector are significantly driving the global market.
Key Takeaways:
The champagne market is predicted to register a CAGR of 5% with a valuation of US$ 11.9 Billion by 2033.
In the historical period, the market secured a CAGR of 2.2% between 2018 and 2022.
The United States is estimated to lead the global market by securing a share of 25.6% by 2033.
Germany is significantly growing the global market size by capturing a share of 8.4% during the forecast period.
With a share of 5.1%, Japan is anticipated to drive the global market during the forecast period.
Australia is projected to capture a share of 3.1% in the global market by 2033.
How Key Players are Advancing the Global Market?
The market is driven by several key players crucial in upsurging the global market. They are innovating and initiatives constantly to attract consumers’ desires in the market. Key players advancing the global market by various steps:
Innovating New Products: The market is highly fragmented as key players continuously launch innovative products. They are focused on consumers’ requirements and develop the products according to their changing demands.
Investing in Marketing: Key players invest huge amounts in marketing their products to build a trustworthy brand. They are creating sponsorship and partnering with luxury brands to expand their reach.
Investing in Technology: Key players are adopting advanced technology in the market in the champagne industry. They are improving the quality and production process in the market. Several companies are adopting digital sensors to check the temperature and humidity to store champagne in optimal conditions.
Promote Sustainability: Many producers are focusing on the eco-friendly and sustainability of packaging champagne. These producers are likely to reduce their carbon footprints by around 50% by 2025 in the global market.
Recent Developments:
In 2021, Veuve Clicquot launched its certified organic Champagne Extra Brut Extra Old. It comprises organic grapes that reduce carbon emissions by 50%.
In 2021, Piper-Heidsieck announced its newly launched Champagne Rare. This champagne is made up of eight vintages and organically grown grapes.
In 2021, Moet & Chandon announced its newly launched Champagne MCIII. The company initiated a sustainable program ‘Living Ties’ to reduce environmental issues.
Key Players Are:
Laurent Perrier
Centre Vinicole – Champagne Nicolas Feuillatte
Louis Vuitton SE
Taittinger
Pernod Ricard
LANSON-BCC
Thiénot Bordeaux-Champagnes
Piper-Heidsieck, Pommery
Veuve Clicquot Ponsardin
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