Cheese Market Key Drivers, Industry Size, Regional Investments and Top Segments Data Forecast
The global cheese market size was USD 120.63 billion in 2020. The market is projected to grow from USD 123.87 billion in 2021 to USD 161.23 billion by 2028, exhibiting a CAGR of 3.84% during the forecast period (2021-2028). This information is presented by Fortune Business Insights™, in its report, titled, “Cheese Market, 2021-2028.”
As per our expert analysts, the market is observing advanced growth, owing to the growing demand for varied types of cheese in several food products. The upsurge in the ingestion of fast foods, such as pizza, pasta, and burgers, has contributed to the surging demand for assortments such as mozzarella, parmesan, as well as cheddar.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/cheese-market-104293
List of Key Players Covered in this Market Report
Fonterra Co-operative Group Limited (Auckland, New Zealand)
Royal FrieslandCampina N.V. (Amersfoort, Netherlands)
Saputo, Inc. (Montreal, Canada)
Winsleydale Creamery (Yokshire, U.K.)
Dairy Farmers of America, Inc. (Kansas, U.S.)
Lactalis International (Laval, France)
Arla Foods Group (Viby, Denmark)
The Kraft Heinz Company (Illinois, U.S.)
The Ilchester Cheese Company (Ilchester, U.K.)
Glanbia Plc (Kilkenny, Ireland )
Chicago Mercantile Exchange (Illinois, U.S.)
Report Coverage
The report offers valuable insights obtained thorough the study done by our researchers. An extensive research was conducted to provide the estimated size of the market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy.
Segmentation
On the basis of source, the market is bifurcated into plant-based and animal-based. On the basis of product type, the market is segmented into feta, parmesan, mozzarella, cheddar, and others. On the basis of type, the market is fragmented into hard & soft cheese, spreadable, block, natural, processed, and others. On the basis of distribution channel, the market is categorized into online retail, specialty stores, convenience stores, supermarkets/hypermarkets. Geographically, the market is classified into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
Drivers and Restraints
Rising Admiration of Flavor Blends to Thrust Market Growth
In past few years, consumer inclination for trying novel striking flavors and cuisines has augmented significantly. The surging popularity of cheese flavor amalgamations in numerous cuisines, such as Italian as well as Mexican, has fast-tracked the usage of diverse assortments in these cuisines.
Moreover, the speedy extension of the foodservice industry has demanded foremost product processors to create inventive products, such as powder and creamers, which acts as a driver and fuels the market growth.
However, the rising awareness for health risks due to fat consumption may hinder market growth.
Regional Insights
Europe to Dominate Global Market
Europe holds the maximum market shares and maintains its dominance in the market, owing to the existence of giant milk-producing nations. The region's thriving food and foodservice industry has contributed to the rising demand for several product diversities across these sectors.
North America is anticipated to grow at a considerable CAGR, owing to the increasing demand for clean-label and sustainable dairy products.
Asia Pacific is projected to demonstrate a drastic change in the ingestion inclinations of dairy products. The growing disposable income levels of consumers in the region and comparatively steady milk prices have substantially contributed to the amplifying sales of cheese assortments.
Competitive Landscape
Procurements Instigated by Crucial Companies Set to Endorse Market Growth
The foremost players in the market incessantly determine for proficient tactics to reinforce their brand value as well as promote the global cheese market growth with experiencing least latent hurdles. One such operative strategy is procuring competitive companies and further safeguarding a profit for all involved companies.
Industry Development
July 2020: Brownes Dairy, an Australian dairy giant, declared the unveiling of conservative cheddar cheese on the retail platform to take advantage of the rising demand for product among families.
Probiotics Market Size, Future Growth Explored in Latest Research Report by 2027
The global probiotics market size is expected to reach USD 94.48 billion by 2027 while exhibiting a CAGR of 7.9% between 2020 and 2027. This information is published by Fortune Business Insights in its report, titled "Probiotics Market, 2020-2027". The report further mentions that the market stood at USD 48.88 billion in 2019. The growing consumption of nutritional food among the health conscious section of the market is gaining popularity in recent years. For instance, the Nutrition Society of Malaysia has also introduced the Probiotics Education Program to educate consumers on the health benefits of these products.
Information source:
https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083
List of Top 10 Key Players Profiled in the Probiotics Market:
Danone S.A. (Paris, France)
Lallemand Inc. (Canada)
Yakult Honsha (Japan)
Nestle S.A. (Vevey, Switzerland)
DuPont (Danisco A'S) (Delaware, United States)
Chr. Hansen (Horsholm, Denmark)
Kerry Inc. (Tralee, Ireland)
Post Holdings, Inc. (Missouri)
Pepsico, Inc. (New York, United States)
Evolve Biosystems, Inc. (Davis, California)
Market Segmentation
On the basis of microbial genus, the market is segmented into lactobacillus, bifidobacterium, and yeast. Based on drug class, the insulin segment held a market share of about 43.7% in 2018.
Based on application, the market is trifurcated into functional food and beverage, dietary supplement, and animal feed. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacies/health stores, convenience stores, online retail, and others. Based on geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
What Does the Report Contain?
The report offers an insight into the profitability, entire structure, and scale. It also studies the drivers and restraints and considers all the potential threats to the market. The critical analysis of marketplace sections, prediction analysis, and expert insights are strategically included in the report. A wide spectrum of data, including regional analysis, market segmentation, industry developments, and key players, are included in the research conducted by market experts.
Driving Factor
Rising Awareness of Product through Social Mediums to Surge Demand
The numerous health benefits of the product are augmenting the probiotics market growth. The increasing awareness and advertisement by prominent personalities are creating a demand in the market. Various athletes and yoga instructors are emphasizing the health benefits of nutraceuticals through social media as paid partnerships. Also, a considerable chunk of health-conscious vegan consumers prefers to get their nutrients from nutraceutical sources. The industry is also experiencing heavy investment in research and development for innovation. For example, in February 2020, Amorepacific Group inaugurated its novel green tea probiotics Research Centre for studying lactobacillus found in Jeju organic green tea.
Regional Insights
Rising Awareness of Health Benefits to Aid Growth in Asia Pacific
Asia-pacific is expected to hold the largest probiotics market share due to high consumption in China and Japan. The rising awareness of the health benefits of the product is garnering significant demand from the region. For instance, Yakult Honsha declared the company sales of 9,540 bottles of Yakult every day in Japan.
North America is anticipated to showcase considerable growth in the forthcoming years. This is due to the well-established food industry in the region. Moreover, a rising preference for a healthy diet owing to the prevalence of lifestyle diseases in the region is anticipated to incur product demand.
Competitive Landscape
Collaboration by Prominent Companies to Brighten Their Market Prospects
The competitive landscape of the market for probiotics enlightens us with details on prominent players of this industry. Technological advancement by key players is being researched to gain traction in the market. Several market giants are also collaborating on production facilities to expand their business horizons. Some companies are also using awareness campaigns to strategically introduce their products in regions with minimal awareness to expand their horizons. Several more strategic collaborations, acquisitions, partnerships, product launches, technological advancement, and others are spread across the market horizon of this product.
Butter Market Size, Future Demand, Analysis by Top Leading Players and Forecast till 2028, Fortune Business Insights
The butter market size was USD 35.61 billion in 2020. The market is projected to grow from USD 37.01 billion 2021 to USD 49.07 billion in 2028 at a CAGR of 4.11% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Butter Market, 2021-2028.” Rising demand for processed food products such as bakery, confectionery, desserts, and ready-to-eat meals among consumers is expected to increase the footprint of the market during the forecast period. Additionally, increased demand for packaged butter across physical retail and foodservice channels will boost the market growth.
COVID-19 Impact
Increased Retail Presence to Accelerate Market Growth During Forecast
The COVID-19 pandemic affected the butter industry in its initial phases by slowing down growth. However, as the pandemic rallied on, a positive effect on sales in terms of growth and volume was observed. Baking was considered as a top hobby for many consumers who were forced to implement from work-from-home solutions. Additionally, reopening of hotels, restaurants, and cafes is expected to drive the market growth.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/butter-market-106457
List of Key Players Present in the Market
Fonterra Co-operative Group (New Zealand)
Arla Foods (Denmark)
Dairy Farmers of America (U.S.)
Gujarat Co-operative Milk Marketing Federation (India)
Ornua Co-operative Ltd. (Ireland)
Land O’Lakes, Inc. (U.S.)
Nestle India Ltd. (India)
Organic Valley Family of Farms (U.S.)
Royal FrieslandCampina NV (Netherlands)
The Kraft Heinz Company (U.S.)
Segments
Type, End-Use, and Region are Studied
On the basis of type, the market is divided into salted and unsalted.
By end-use, the market is segmented into industrial processing, retail channels, and foodservice.
In terms of geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
The study focuses on providing a comprehensive analysis for our readers by presenting critical factors such as leading companies, product types, and top end uses of the product. Additionally, the study offers insights in the sector by presenting ongoing market trends along with prominent industry developments. The study also noted various factors that will be responsible for the positive and negative outlook on the market during the forecast period.
Drivers & Restraints
Increasing Demand for Processed Food Products to Augment Growth
Rising demand for dairy products such as dairy fats & butter and increasing perception of positive health attributes are expected to boost the butter market growth during the forecast period. Also, increasing disposable income among consumers along with increasing demand for bakery products such as cakes, bread, cookies, and biscuits will increase the footprint of the market. Additionally, increasing innovations and developments across the dairy beverages coupled with increasing retail presence will fuel the market growth.
However, rising popularity of lactose-free and vegan foods will limit the market growth during the forecast period.
Regional Insights
Asia Pacific to Lead Market due to Rising Disposable Income Among Consumers
Asia Pacific is expected to witness the largest butter market share during the forecast period, owing to rising sale of packaged butter along with growing demand for dairy products. Additionally, increasing expenditure among consumers and rising integration of the product for cooking and baking will increase the footprint of the market. Increasing presence of prominent players in the market along with rising processing capabilities will fuel the growth of the market.
Europe will contribute a significant market share during the forecast period, owing to increasing demand for clean-label and sustainable milk and dairy products along with rising demand for bakery and other similar products. Rising consumer inclination toward healthier and safer products will fuel the market growth.
Competitive Landscape
Novel Product Launches to Bolster Market Growth
The major players are Arla Foods, Dairy Farmers of America, and Land O’Lakes. Dominant players are often focusing on capturing maximized revenue by launching novel products and increasing product offerings. For example, in September 2020, Minerva dairy launched a new small size package of premium butter containing sea salt. This launch is aimed at increasing the company’s retail distribution capabilities. Increased arrival of smaller players in the market will fragment the market, further consolidating he market share. Other players are contributing by instituting various strategies such as mergers & acquisitions with like-minded organizations to increase their product portfolio
Industry Development
October 2020: Grahams partnered with Isle of Skye Sea Salt Co. and launched a new artisan Scottish sea salt butter. It is a mixture of top quality, natural, and unrefined sea salt from the Isle of Skye.
Sugar Alcohol Market Latest Trends, Regional Analysis, Business Scope, and Top Key Players by 2027
The global Sugar Alcohol market size is projected to reach USD 6.70 Billion by 2027 backed by increasing demand for gluten-free food products across the globe. Fortune Business Insights, in its latest report, titled “Sugar Alcohol Market Size, Share & COVID-19 Impact Analysis, By Type (Sorbitol, Xylitol, Maltitol, Erythritol, and Isomalt), Application (Food and Beverages, Pharmaceuticals, and Cosmetics and Personal Care), and Regional Forecast, 2020 – 2027.” observes that the market was worth USD 3.61 Billion in 2019 and will exhibit a CAGR of 7.75% between 2019 and 2027.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
List of the Companies Operating in the Sugar Alcohol Market:
Archer-Daniels-Midland Co. – Illinois, U.S.
Cargill Incorporated – U.S.
Ingredion Incorporated – U.S.
Roquette Frères - France
Tereos Starch & Sweeteners s.a.s - France
Tate and Lyle plc – U.K.
Pfizer Inc. – U.S.
Lonza Group - Switzerland
SPI Pharma – U.S.
Merck KGaA – Germany
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956
Sugar Alcohol also known as polyols are turning out to be the fast emerging alternative to sugar. Though they bore similar resemblance to sugar considering their texture and taste, they contain far less caloric content and fewer health hazards when consumed. In addition to this, several studies have shown that consumption of polyols may lead to improving the health of the consumer. Furthermore, they are hybrids between sugar molecules and alcohol molecules and are present in several fruits and vegetables. Though there are organic polyols, there are few processed from sugars such as cornstarch and glucose.
What does the Report Include?
The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2020 and 2027. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the maret has been included during the projected horizon.
Drivers and Restraints:
Increasing Demand for Gluten-free Food Products to Bolster Growth
Gluten-free food is turning out to be popular among the people across the globe. An array of benefits such as improved cholesterol levels, better digestive health, increased energy levels, and aiding weight-loss, among others provided by gluten-free diet is driving the companies to launch products to ushers into the popularity of the diet. Glucose syrup that includes polyols such as maltitol and sorbitol are extensively used across several regions. Furthermore, growing demand for corn-based glucose syrup that is believed to be gluten-free is expected to drive the growth of the market during the forecast period.
Regional Analysis:
Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to Promote Growth
Among the regions, Europe is expected to remain at the forefront and register maximum global Sugar Alcohol market revenue during the projected horizon. Additionally, the region registered a high market share of USD 1.23 Billion in 2019 and is further anticipated to rise backed by growing demand for sugar-free confectionary products among the population. Furthermore, fast-paced lifestyle is leading to a growing consumption of processed foods in several countries of Europe that will aid the market growth. North America, on the other, is anticipated to be the second-most leading region in the forthcoming years. This is ascribable to factors such as increasing prevalence of diabetic patients in the U.S. Furthermore, the widespread effects of COVID-19 in the regions is propelling the demand for hand-sanitizers that will boost the demand for the market during the forecast period.
The market in Asia-Pacific is expected to witness substantial growth in the forthcoming years. This is attributable to factors such as presence of large population in the region. Furthermore, high production of polyols in the countries such as China and India will contribute to the market growth.
Competitive Landscape:
Companies Collaborating to Combat COVID-19 to Augur Growth
According to the report, the market comprises of several small, medium, and large companies striving to gain maximum market share by consolidating their position during the forecast period. In addition to this, the companies are collaborating with each other to fight the global pandemic, Covid-19 and mitigate the threat to get back the economy on track. For instance, in March 2020, amid the widespread effect of novel coronavirus that has caused the scarcity of hand sanitizes, Gull New Zealand, a renowned petroleum company, announced that it would provide over 340,000 liters of ethanol along with Sugar Alcohol to manufacture hand disinfectants. This move is expected to fill the void caused due to scarcity of hand sanitizers across several regions that will prove beneficial to fight the pandemic.
Gluten Free Food Market Key Drivers, Industry Share and Future Growth Demand Analysis by 2028, Fortune Business Insights
The global gluten free food market size was valued at USD 5.25 billion in 2020. The market is estimated to grow from USD 5.72 billion in 2021 to USD 9.99 billion in 2028, exhibiting a CAGR of 8.29% during the forecast period. The increasing popularity of the product’s benefits, rising demand for functional foods, and increasing product innovations are expected to fuel the market growth. Fortune Business Insights™ mentions this information in its report titled “Gluten free Food Market, 2021-2028.”
Gluten-free food is produced for people suffering from gluten allergies and celiac diseases. The consumption of gluten can be damaging and may lead to intestine swelling. Therefore, the consumption of the product is expected to increase rapidly. Furthermore, rising awareness regarding the health benefits of such products is expected to increase adoption. Moreover, rising demand for functional foods and increasing product innovations may attract sales. These factors are expected to foster industry development in the coming years.
COVID-19 Impact
Rising Demand for Healthy Foods to Fuel Market Progress
This market is expected to be positively impacted during the COVID-19 pandemic due to consumers' rising demand for healthy foods. The sudden spike in COVID-19 cases led to the adoption of healthy food products. Rising spending on healthy food products is expected to increase the product demand. Furthermore, the adoption of reduced capacities, part-time shifts, and technologically advanced production techniques may enable companies to recover costs. These factors may propel the market growth in the coming years.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/industry-reports/gluten-free-food-market-100188
List of Key Players Profiled in the Report:
The Kraft Heinz Company (Illinois, U.S.)
The Hain Celestial Group Inc. (New York, U.S.
General Mills Inc. (Minnesota, U.S.)
Kellogg’s Company (Michigan, U.S.)
Conagra Brands, Inc. (Illinois, U.S.)
Barilla G.E.R Fratelli S.P.A (Parma, Italy)
Noumi Limited (Australia)
Enjoy Life Foods (Mondelez International) (Illinois, U.S.)
Alara Wholefoods Ltd. (London, U.K.)
Prima Foods Ltd. (South Wales, U.K.)
Segments
Type, Distributional Channel, and Region are Studied
By type, the market is segmented into baby food, pastas & pizzas, snacks & RTE products, bakery products, and condiments & dressings. As per the distributional channel, it is categorized into supermarkets/hypermarkets, convenience stores, specialty stores, drugstores & pharmacies, and online retails. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and strategies undertaken by the market's key players.
Drivers and Restraints
Rising Prevalence of Gluten Intolerance and Celiac Disease to Fuel Market Progress
The rising prevalence of gluten intolerance and celiac diseases is expected to boost the adoption of gluten-free food. As per the information provided by the Clinical Gastroenterology and Hepatology journal, nearly 1.4% global population is detected with celiac disorder. Furthermore, the rising demand for free-from and convenience foods is expected to boost the product adoption. Furthermore, rising reliability on nutritional convenience foods is expected to increase the adoption of the product. Moreover, the rising adoption of flavored food products with nutritional benefits is expected to bolster the Gluten free Food Market growth.
However, higher product prices and low market penetration are expected to hinder the market’s progress.
Regional Insights
Growing Inclination Towards Healthy Diet to Boost Industry Progress in North America
North America is expected to dominate the Gluten free Food Market share due to the growing inclination toward a healthy diet. The market in North America was USD 2.72 billion in 2020 and is expected to achieve a high market share in the coming years. Further, rising awareness regarding celiac disorder from consumers and the availability of a gluten-free diet products are expected to boost the market development.
In Europe, rising demand for free-from products from Germany, Italy, and the U.K. is expected to boost gluten-free products’ adoption. Furthermore, manufacturers focus on developing innovative foods such as gluten-free pasta to boost sales. These factors may propel the market development.
In Asia Pacific, rapid digitization and westernization lead to the acceptance of gluten-free food products. Furthermore, the growing artisanal bakery sector is expected to boost market progress.
Competitive Landscape
Manufacturers Focus on Launching Novel Products to Boost Brand Image
Prominent companies operating in the market devise novel product launches to attract consumers and boost brand image. For example, in June 2021, Ulrick & Short Limited announced fazenda Nutrigel, a gluten-free functional flour, to improve the viscosity and overall texture of gluten-free bakery foods. Through this launch, the company may attract consumers and boost its brand image. Furthermore, the adoption of research and development, expansions, acquisitions, and technologically advanced production techniques boosts the market player’s position.
Industry Development
April 2021- Nestle SA launched gluten-free meals to satisfy consumers’ dietary habits and suit their lifestyles. It launched other protein-rich products such as Cauliflower Crust Chicken Mozzarella Piada, Triple Cheese Macaroni & Cheese Bowl, and Pasta Bolognese Bowl.
Aquafeed Market Demand Analysis in 2021, Global Revenue, Top Companies Growth Forecast to 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market’s growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and fish products such as fish meal, fish oil, and fish silage. Fortune Business InsightsTMhas presented this information in its report titled “Aquafeed Market, 2021-2028”. The market size was USD 55.71 billion in 2020 and reached USD 58.19 billion in 2021.
COVID-19 Impact-
Supply Chain Disruptions to Hamper Market Growth
The coronavirus pandemic has drastically impacted the market. The disruptions in sea and air traffic and global supply chains have negatively impacted the market’s growth. The closure of several manufacturing plants has affected the market’s growth. However, the market is recovering due to the uptick in vaccination drives worldwide. It is expected to witness tremendous growth post-pandemic.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/industry-reports/aquafeed-market-100698
List of Key Players Profiled in the Market Report:
Cargill Incorporated (Minnesota, U.S.)
Archer Daniels Midland Company (Illinois, U.S.)
Alltech Inc., (U.S.)
Purina Animal Nutrition (Missouri, U.S.)
Ridley Corp Ltd (Australia)
Nutreco N.V. (Amersfoort, Netherlands)
Aller Aqua A/S (Christiansfeld, Denmark)
BioMar A/S (Denmark)
Dibaq Aquaculture (Spain)
Beneo GmbH (Germany)
Segmentation-
On the basis of type, the market is categorized into mollusks, crustaceans, fish, and others. On the basis of ingredient, the market is segmented into additives, fish oil, fishmeal, soybean, corn, and others. On the basis of form, the market is bifurcated into dry and wet. Geographically, the market is classified into South America, North America, Europe, Asia Pacific, and the Middle East & Africa.
Drivers & Restraints-
Increasing Seafood Trade to Favor Market Growth
The growing popularity of organic fish farming is anticipated to offer lucrative growth opportunities for the market. Though organic fish farming is still in nascent phase, the rising consumer inclination towards it is likely to favor market growth.
Increasing animal protein demand in major western nations and the rising seafood trade worldwide are projected to bolster the global aquafeed market growth. The increasing seafood consumption and consumer expenditure on fish & fish products including fish silage, fish meals, and fish oils are predicted to boost aquaculture production, and therefore stimulate market growth.
Lastly, the rising investments in research and development activities to develop innovative products by key players are expected to complement market growth.
However, the volatile prices of raw materials may hamper market growth.
Regional Insights-
Increasing Fish Production to Amplify Growth in Asia Pacific
Asia Pacific is anticipated to dominate the global aquafeed market share due to the swift market development during the last decade. India and China account for more than half of the region’s sales. The increasing fish production in China is likely to complement the market’s growth. Moreover, the rising business expansions in China and India are likely to amplify the growth of the market in Asia Pacific.
Europe is expected to witness substantial growth due to the soaring aquaculture production and the growing consumer inclination towards the production of salmon.
North America is projected to gain considerable growth due to the presence of prominent market players including Archer Daniels and Cargill Incorporated. Additionally, the high profits gained on exports of aquaculture are likely to complement the region’s market growth.
Competitive Landscape-
Key Players Emphasize Product Portfolio Diversification to Expand Market Share
The key players in the market emphasize product portfolio and distribution network diversification to augment their market reach and consumer bases. They adopt ingenious growth strategies including mergers and acquisitions, new product launches, technological advancements, and others. For instance, in January 2020, BioMar A/S expanded its production capacity through the inaugural of its new aquafeed plant in Wesley Vale, Tasmania. The new plant offers an annual production capacity of 110,000 tonnes of aquafeed.
Industry Developments-
May 2021: BP Milling, a U.K.-based company, launched a new pelleted blend of fish attractants called SmartMix. The blend is packed with vital minerals and vitamins and immune boosting amino acids.
Biopesticides Market Regional Demand, Outlook, Segmentation, Growth, Research Report by 2029
The global biopesticides market is set to gain traction from the increasing research activities that are being conducted by several companies to develop novel microbial products. Fortune Business Insights™ published this information in a new report, titled, “Biopesticides Market Size, Share & Industry Analysis, By Type (Bioinsecticide, Biofungicide, Bionematicide, and Others), Source (Microbials and Biochemicals), Mode of Application (Foliar Application, Seed Treatment, Soil Treatment, and Others), Crop (Cereals, Oilseeds, Fruits & Vegetables, and Others), and Regional Forecast, 2020-2027.” The report further states that the biopesticides market size was valued at USD 4.40 billion in 2019 is projected to reach USD 10.63 billion by 2027, exhibiting a CAGR of 13.1% during the forecast period.
Browse Summary
https://www.fortunebusinessinsights.com/industry-reports/biopesticides-market-100073
Drivers & Restraints-
Rising Practice of Organic Farming to Accelerate Growth
The introduction to organic farming across the globe is set to be a major driver for the biopesticides market growth in the near future. It is considered to be an ideal alternative to the traditional farming techniques that would aid in reducing the overall impact on the environment. The governments of several countries are also taking numerous initiatives to promote the usage of biopesticides. Apart from that, there is a high demand nowadays from the consumer for synthetic pesticides-free food products. However, in the developing economies, there is a higher adoption of chemical agri-inputs, as compared to biopesticides. It may hinder growth.
Segment-
Cereals Segment to Grow Steadily Backed by High Cultivation Worldwide
Based on crop, the market is divided into fruits & vegetables, oilseeds, cereals, and other crops. Out of these, the cereals segment held 19.01% in terms of biopesticides market share in 2019. This growth is attributable to the rising cultivation of cereals worldwide as they provide high profit. Biopesticides are extensively used for their cultivation process owing to their cost-effective and eco-friendly properties.
Regional Analysis-
Increasing Cultivation of Row Crops to Favor Growth in Asia Pacific
In 2019, North America procured USD 1.66 billion in terms of revenue and is set to account for a considerable proportion of the market. This growth is attributable to the increasing number of strict regulations imposed on the usage of synthetic crop protection chemicals for protecting the environment. Asia Pacific, on the other hand, is anticipated to grow significantly in the coming years because of the greater usage of bio-based crop protection chemicals for the production of row crops, such as rice, soy, and what in this region.
Competitive Landscape-
Key Companies Aim to Cater to High Demand by Collaborating & Enhancing Portfolios
The high demand for biopesticides is causing key companies to focus on diversifying their existing product offerings. To do so, some of them are launching new biopesticides, whereas some of the others are engaging in partnerships and collaborations. Below are two most recent industry developments:
July 2020: BASF SE announced the launch of Velifer, its latest biological pest control in Australia. It is capable of preventing insects from becoming resistant to pesticides.
March 2020: Marrone Bio Innovations joined hands with Anasac to distribute and produce Grandevo and Venerate biopesticides in Chile.
Fortune Business Insights™ lists out the names of all the renowned biopesticides companies operating in the global market. They are as follows:
Syngenta AG (Basel, Switzerland)
Bayer CropScience (Leverkusen, Germany)
BASF SE (Ludwigshafen, Germany)
DowDupont (Delaware, United States)
Marrone Bio Innovations (Davis, United States)
Koppert (Rodenrijs, Netherlands)
Valent BioSciences (Illinois, United States)
BioWorks Inc. (New York, United States)
Isagro S.p.A(Italy)
Certis USA LLC., (Columbia, United States)
Europe Dietary Supplements Market Size, Share, Analysis, Overview, Key Players Profiles, Trends, Development, Price, Segmentation, Research
According to Fortune Business Insights™, the Europe dietary supplements market size is projected to reach USD 33.80 billion by 2027, exhibiting a CAGR of 9.3% during the forecast period. The rapid spread of the coronavirus across Europe has brought to the fore the importance of dietary supplements in recent months. Dietary supplements consisting of specific vitamins, proteins, and other micronutrients have been proven to be effective in strengthening the immune system’s response to COVID infection.
A study conducted by researchers from the University Medical Center in the Netherlands, the University of Otago in New Zealand, the University of Southampton in the UK, and the Oregon State University in the US found that vitamins C & D, and DHA, an Omega-3 fatty acid found in fish, can significantly boost immune function. A strong immune system is critical in fighting the COVID-19 infection and as the pandemic continues its rampage across Europe, the demand for dietary supplements is set to spike in the region.
Source:
https://www.fortunebusinessinsights.com/industry-reports/europe-dietary-supplements-market-101918
Market Driver
Changing Demographics in Europe to Feed Market Growth
Europe, according to the UN’s Population Division, was the first region to enter the period of demographic transition, characterized by lower fertility and improved longevity. The UN states that in 2017, nearly 20% of Europe’s population was aged 60 and above and by 2050, this is expected to reach 35%. This presents attractive opportunities for players in the dietary supplements market of Europe as older people need to consume supplementary food items to maintain their health and energy.
For example, the National Institute of Aging in the US recommends sufficient intake of calcium for people over the age of 50 for maintaining bone density as bone loss can lead to fractures in older persons. Similarly, physicians commonly recommend old people to increase intake of vitamin B6, which is present in bananas, potatoes, fortified cereals, and chicken breast, as it is necessary to form red blood cells. Thus, the Europe dietary supplements market growth is anticipated to gain impetus as the continent’s geriatric population rises.
Regional Insights
Improving Adoption Rate of Food Supplements to Surge the Regional Market
Rising awareness about the multiple benefits of dietary supplements is improving the adoption rate of these products across Europe. To a large extent, this is attributable to the changing perception of food supplement products among consumers in countries such as Belgium, Austria, Denmark, and Greece. The demand for specialized supplements is also growing in the continent, and companies in the region are extensively utilizing e-commerce platforms to broaden their reach regionally as well as internationally.
Among countries, Italy is expected to dominate the Europe dietary supplements market share during the forecast period on account of supportive policy framework for herbal food supplements in the country. In 2019, the region’s market size was at USD 2.99 billion. On the other hand, the UK is anticipated to display a remarkable CAGR of 9.69% in the forthcoming years.
Competitive Landscape
Research-based Collaborations to Emerge as Hallmark Feature of Competition
Leading players in the Europe dietary supplements market are actively collaborating with diverse organizations, institutions, and companies to enhance their research capacities. This is allowing them to widen their offerings and develop products for specific consumers. Additionally, companies are leveraging digital platforms to boost sales and strengthen distribution networks.
Key Industry Developments:
February 2020: Nestle Health Science signed a long-term agreement with VALBIOTIS, a French health R&D company, to develop and commercialize TOTUM-63. Conceived to lower the risk of development of Type 2 Diabetes in pre-diabetic persons, the product features an innovative combination of five plant extracts.
November 2019: Royal DSM completed its takeover of AVA, a US-based nutrition platform, strengthening its portfolio of health and wellness products and services. AVA is an AI-based digital health platform that provides adaptive nutrition recommendations and delivers live coaching to customers.
Oleoresin Market Share, Trends, Revenue, SegmentatioN, Outlook and Forecast by 2029
The global oleoresin market size hit USD 1.35 billion in 2021. The market value is slated to rise from USD 1.42 billion in 2022 to USD 1.99 billion by 2029, exhibiting a CAGR of 5.0% during the forecast period. Oleoresins are rising in popularity across several North American and European markets, owing to the growing consumer attraction toward ethnic cuisines. Heightened consumer demand for ethnic foods with exotic flavors and more herb & spice extracts is creating new opportunities for market players, says Fortune Business InsightsTM in its report titled, “Oleoresin Market, 2022-2029”.
COVID-19 Impact -
Disruptions in Supply Chains of Herbs & Spices Impacted Market Growth
The COVID-19 pandemic created unprecedented challenges for the global food industry. Emergency measures and lockdown restrictions across major economies created roadblocks in the global supply chain of herbs and spices. Consequently, price hikes in certain regions affected oleoresins consumption. However, the market is slated to witness rapid recovery post-COVID-19.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/industry-reports/oleoresin-market-100201
List of Key Market Players:
Synthite Industries (India)
PT Indesso Aroma (Indonesia)
Ungerer & Company (U.S.)
Universal Oleoresins (India)
Plant Lipids, (India)
Akay Group (India)
Gazignaire SA (France)
AVT Naturals (U.S)
Kalsec Inc. (U.S.)
Ozone Naturals (India)
Segments-
By Product, Paprika to Hold Dominant Market Share during 2022-2029
Based on product, the market is segmented into paprika, black pepper, capsicum, ginger, turmeric, cinnamon & cassia, and others. The paprika segment is anticipated to hold the major share in the market owing to its wide use in the food industry as a coloring and flavoring agent. The product is experiencing demand owing to its antioxidant, anti-inflammatory, anti-aging, and anti-depression properties.
By Application, Food & Beverages Segment to Create Monumental Demand through 2029
In terms of application, the market is segregated into food and beverages, pharmaceuticals, animal feed, and cosmetics. Among these, the market is expected to witness robust demand from the food & beverages segment. The product finds wide use in a range of foods and beverages, from cheese, processed meats, and spice fixtures to orange juice, sauces, and sweets.
Drivers & Restraints-
Rising Processed Food Consumption to Create New Opportunities
The oleoresin market growth is primarily driven by the increasing consumption of packaged and processed food & beverage products. Consumer demand for cheeses, soups, sauces, dressings, processed meats, seafood, backed foods, snacks, and confectionery products has surged rapidly in recent years, especially since COVID-19. These factors along with the growing public awareness toward the benefits of oleoresin will augment its consumption.
However, price fluctuations and seasonal availability are some factors that could limit the product consumption in the forthcoming years.
Regional Insights-
Europe to Lead the Global Market Share owing to Changing Diet Patterns
Europe dominated the global oleoresin market share in 2021 and is expected to show similar trends during the projected period. The regional growth is attributable to the rising demand for spice oils among the population. In addition, rising incomes and changing lifestyles will positively influence the regional growth.
Meanwhile, the market in Asia Pacific will be driven by growing application of the product in cosmetics and pharmaceuticals. The presence of a large geriatric population base will create immense opportunities for local as well as international players.
Competitive Landscape-
Prominent Players’ Capacity Expansion to Cater to the Growing Demand
Leading market players are adopting various growth strategies to sustain in the intensifying global competition. One such strategy is the expansion of production capacity to meet the rising global demand. Other strategies include new product launches, mergers and acquisitions, and strategic collaborations.
Key Industry Development-
October 2021: Plant Lipids announced an investment of INR 200 crore expansion in Kerala, India.
India Biostimulants Market Top Key Players, Global Growth, Insights, Share, Trend and Forecast Research Report 2029
The India biostimulants market size touched USD 230.98 million in 2021. The market is expected to grow from USD 266.58 million in 2022 to USD 734.13 million by 2029, exhibiting a CAGR of 15.57% during the forecast period.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/india-biostimulants-market-106785