Upcoming Growth Trends in the Biopesticides Market

The report “Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation (Dry, Liquid), Crop Type and Region – Global Forecast to 2027“, The global biopesticides market is estimated to be valued at USD 5.5 billion in 2022. It is projected to reach USD 11.3 billion by 2027, recording a CAGR of 15.6% during the forecast period.

The global biopesticides market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. With the rise in demand and preference for organic food items, pest resistance management, residue management, and environmental regulations have significantly boosted the demand for biopesticides in the agriculture industry. Biopesticides are safer alternatives to chemical-based pesticides.

The fruits and vegetables segment is projected to grow at the highest CAGR of 16.0% during the forecast period.

Fruits and vegetables are high-value specialty crops grown on a large scale in greenhouses and open fields. Consumers have turned more health conscious in recent years which has created a shift to specialty crop production due to high demand of healthy and organic foods like fruits and vegetables. High value crops give larger profits to cultivators. Hence, agricultural input is also high. They are also the most exported crop types in the organic sector. Thus, to comply with import regulations especially in the North American and European countries, fruits and vegetables segment consume a large share of biopesticides and the demand is projected to grow at the fastest rate during the forecast period.

Bioherbicides market is a relatively untapped and small market in comparison to other segments such as bioinsecticides and biofungicides.

Bioherbicides are relatively less commercialized than other types of biopesticides available in the market. This is due to various challenges faced in its development. Due to rising demand for bioherbicides as a result of conventional herbicides, various key players in the market are doing extensive research to develop and commercialize bioherbicides. Marrone Bio Innovations (US) is also making news on its recent acquisition of exclusive rights to high-performing strains of Streptomyces acidiscabies for commercialization of a new second-generation bioherbicide, MBI-006. With the rising demand for effective biosolutions to control weed and invasive species, the demand for bioherbicides is expected to rise in the coming future.

Marrone Bio Innovations offers a wide range of biopesticides in the North American market.

The organic industry is growing fast. According to a survey undertaken by FiBL in 2020 on organic agriculture worldwide, there was an increase in the organic farmland by 3 million hectares (4.1%), the number of organic producers, and an increase in the sales of organic products. The rising popularity of organic products due to their perceived health benefits, environmental regulations, pest resistance management, and residue management are fueling the growth of biopesticides market in North American market. As a result US-based Marrone Bio Innovations spends a major share in its R&D and offers a wide range of biopesticides products including bioinsecticides, biofungicides, bionematicides, and bioherbicides.

The key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), and UPL Limited (India).

  

Dairy Alternatives Market Will Hit Big Revenues In Future

 The global dairy alternatives market is estimated to be valued at USD 27.3 billion in 2022 and is projected to reach USD 44.8 billion by 2027, recording a CAGR of 10.4%, in terms of value. Dairy alternatives are used in food & beverages that are dairy-free or do not contain lactose. It is witnessing significant growth due to increasing instances of lactose allergies, changing consumer lifestyles, and growing health awareness among consumers. Consumers are increasingly adopting a vegan diet contributing to the growth of the dairy alternatives market.

 

The Europe region is the second-largest region in the dairy alternatives market in the forecast period.

 

The consumers in the European market are health-conscious and aware of animal welfare and environmental sustainability; they often check the ingredients on the products before purchasing. Thus, the demand for lactose-free and low-fat food has increased. Therefore, major players in the industry are focusing on acquisitions and diversifying their product portfolios to include plant-based dairy alternatives.

 

The flavored segment is projected to grow with the highest CAGR in the dairy alternatives market.

 

Based on formulation, the flavored segment is projected to grow with the highest CAGR in the dairy alternatives market. The widely available flavored plant-based products in the market are vanilla and chocolate, followed by flavors such as peach, strawberry, blueberry, and mango. Companies have launched new products with fruit flavors to expand their consumer base and increase their market share. Dream frozen yogurt by The Hail Celestial (US) is one of the examples of flavored & sweetened dairy alternative products. To develop creamier textures, many new product launches include coconuts or blends such as coconut and oat or another plant-based alternative.

 

The online stores segment is projected to grow with the highest CAGR in the dairy alternatives market.

 

By distribution channel, the dairy alternatives market is segmented into supermarkets, health food stores, pharmacies, convenience stores, online stores, and other distribution channels. Many key players have started offering their products for sale through online channels. This helps consumers in terms of placing an order as well as getting the delivery. Several one-stop shops have put themselves on the web to ease the purchasing process for the consumers. These online retailers also offer a variety of options for a particular dairy-free food product at discounted rates as compared to traditional retail prices to attract more customers.

Key Market Players:

 

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Freedom Foods Group Limited (Australia), Sanitarium (New Zealand), Blue Diamond Growers (US), and SunOpta (Canada).

 

Pet Food Ingredients Market Trends and Forecasts

 According to a research report “Pet Food Ingredients Market by Ingredient (Meat & Meat Products, Cereals, Vegetables & Fruits, Fats, and Additives), Source (Animal-based, Plant Derivatives, and Synthetic), Pet (Dogs, Cats, and Fish), Form and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global pet food ingredients market is estimated to be valued at USD 32.2 billion in 2022. It is projected to reach USD 44.5 billion by 2027, with a CAGR of 6.7%, in terms of value between 2022 and 2027. The reasons that are driving the growth of the pet food ingredients market rising focus on the health and nutrition of pet animals and increased spending on health-focused pet food ingredients. Pet food ingredients enhance the nutritional profile and offers a range of health benefits in terms of supporting the immunity and gut health of pet animals, along with enhancing the palatability of the products, contributing to higher feed intake due to which they are in significant demand across the pet food industry.

The animal-based segment is projected to retain its position as the dominant segment in the pet food ingredients market during the forecast period

Based on source, the animal-based segment is expected to retain its position as the dominant and the fastest-growing segment during the forecasted period. The animal-based pet food ingredients witness significant demand from pet owners owing to their increased acceptability among pet animals, which contributes to higher feed intake. Animal-based pet food ingredients are also associated with a range of health benefits in terms of enhancing the skin and coat of pet animals, offering improved cognitive health benefits in older pets, and effectively supporting the gut health and digestion of pet animals which is likely to drive their demand over the forecasted period.

The dry segment is projected to account for the largest market share and also for the fastest growing segment in the pet food ingredients market

Based on form, the dry segment is projected to account for the dominant and fastest-growing segment over the forecasted period. The dry pet food ingredients offer desirable characteristics such as a rich nutrition profile and are also cost-effective in nature. They also offer a higher level of convenience during the processing and storage process owing to which they are in significant demand in the industry and are also likely to retain their position as the dominant segment over the forecasted period.

North America is projected to be the largest market for the pet food ingredients market during the forecast period

Based on region, North America region is projected to be the largest market for pet food ingredients industry during the forecast period. This growth of the pet food ingredients industry in the region is supported by factors such as increased adoption of pet animals in the region and the rising pet humanization trend which has contributed to a higher level of awareness regarding the health and nutrition of pet animals. The region also has a significant number of pet food ingredient manufacturers and well-established markets for pet products. The pet owners in the region demonstrate a higher level of consciousness with regard to the quality of pet food ingredients. The large pet population and increased spending on health-focused pet food ingredients are likely to drive the market growth of the pet food ingredients industry in the region.

Key players in this market include BASF SE (Germany), Darling Ingredients Inc. (US), Cargill (US), Ingredion (US), DSM (Netherlands), Omega Protein Corporation (US), ADM (US), Kemin Industries, Inc. (US), Chr. Hansen Holding A/S (Denmark) and Roquette Frères (France).

 

Top Driving Factors of Nutraceutical Ingredients Market

 The nutraceutical ingredients market is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0% from 2020 to 2025. The growth of the nutraceutical ingredients market is driven by factors such as growth in the demand for fortified food owing to the increasing health consciousness amongst consumers. Key drivers for the market’s growth include increasing incidences of chronic diseases worldwide and mandates on food fortification by government organizations.

On the basis of application, the dietary supplements segment is projected to be one of the fastest growing segments for the nutraceutical ingredients market. Dietary supplements offer general health benefits such as improvement in the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increased calcium absorption & improvement in bone density, enhancement of immune function, reduction in the release of toxins that can lead to fatty liver and other diseases, reduced risk of cardiovascular diseases, control of blood sugar, possible reduction of risk of obesity & metabolic syndrome, and improvement in abdominal pain, bloating, and constipation.

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On the basis of form, dry segment is considered to be one of the fastest-growing segment in the nutraceutical ingredients market. A number of nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probiotic premixes, proteins, and some minerals such as zinc and folic acid. These ingredients are extracted in dry form from several sources. For instance, vitamin C is extracted from acerola plant, protein powder, and fiber and amino acid from the hemp plant. As a result of the increasing demand for dietary supplements and functional foods in dry form, manufacturing companies are offering products in dry form; these are either available in the form of capsules or compressed into tablets.

Asia Pacific is the fastest-growing market for nutraceutical ingredients and is projected to record the highest CAGR during the forecast period. The Asia Pacific market is completely driven by India, which accounted for nearly 31.5% of the market share in 2019. The country is also projected to be the fastest-growing country in the region for nutraceutical ingredients due to changing lifestyles and dietary patterns and growing awareness about nutrition. Further, rising hospitalization cost is also driving the consumer demands for supplements and other nutrients such as vitamins and minerals, to maintain their health. Consumers in the country are now willing to spend an additional amount for fortified products, which has increasingly helped manufacturers of nutraceutical ingredients to find a substantial market opportunity.

The key players in the nutraceutical ingredients market include Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Ajinomoto Co., Inc. (Japan), Tate & Lyle (Ireland), Chr. Hansen (Denmark), Kyowa Hakko Kirin Group (Japan), Glanbia plc (Ireland), Fonterra Co-operative Group Ltd. (New Zealand), Cargill (US), ADM (US), DuPont (US), BASF (Germany) are the players that hold a significant share in the nutraceutical ingredients market.

Associated British Foods (UK) is a major player in the nutraceutical ingredients market. Associated British Foods was previously known as Food Investments Ltd. and changed its name in 1982. The company is engaged in the processing and manufacturing of food, ingredients, and retailing. It operates through five business segments, namely, sugar, agriculture, retail, grocery, and ingredients. The ingredients segment manufactures bakers’ yeast, bakery ingredients, and yeast extracts. The company offers nutraceutical ingredients through the ingredients segment.

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The organization operates through its subsidiaries, such as AB Agri (UK), AB Mauri (UK), ABF Vista (UK), ABF Ingredients (UK), ABITEC Corporation (US), SPI Pharma (US), and Ohly (Germany). Among all subsidiaries of the company, ABF Ingredients (UK), ABITEC Corporation, and Ohly (Germany) holds significant market positions in the Americas, Europe, and Asia. SPI Pharma (US), is one of the prominent suppliers to the pharmaceutical, nutraceutical, and animal health products worldwide.

DSM is a global science-based company operating in the health, nutrition, and materials business. The company operates through five segments—nutrition, materials, innovation center, corporate activities, and partnerships. Its nutrition segment includes DSM Nutritional Products and DSM Food Specialties. The nutrition and food specialty segment of the company caters to different end-use application industries, such as food, feed, nutraceutical, infant nutrition, personal care, and pharmaceutical.
The company offers nutritional supplements, such as vitamins, carotenoids, nutritional lipids, omega acids, premixes, and astaxanthin for both human and animal nutrition. These products are developed under its DSM Nutritional Products business. The company offers its nutraceutical ingredient products for the dietary supplements and food & beverage industry.

Opportunities for New Market Entrants in Cheese Market

 According to MarketsandMarkets™, the “Cheese Market by Product Type (Cheddar, Mozzarella, Parmesan, American Cheese, and Blue Cheese), Type (Cheese Product and Cheese Powder), Source (Animal and Plant), Nature, Distribution Channel, Application, and by Region – Global Forecast to 2026″, is estimated to be valued at USD 88.7 billion in 2021 and is projected to reach USD 105.9 billion by 2026, recording a CAGR of 3.6% during the forecast period.

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Market Dynamics

Drivers: Growing fast-food industry

The global fast-food industry, also known as the Quick Service Restaurants (QSRs) industry, is rising at a significant rate. These industry witnesses a high demand for cheese as a key ingredient in its various food products. Thus, the demand for cheese is growing on account of giant fast-food chains, such as Domino’s Pizza, Inc. (US), Pizza Hut of Yum! Brands (US), and Papa John’s International, Inc. (US). Changing lifestyles, such as increasing dependence on ready-made or ready-to-eat meals due to busier schedules and increased demand for packaged foods globally, have increased the demand for fast food products and ultimately fueled the demand for cheese.

Restraints: Rising concern over the adverse health effects of cheese consumption

The rising consumer awareness about the ill-health effects of cheese poses a great restrain to the growth of the global cheese market. Obesity, high cholesterol levels, and heart diseases are the major conditions associated with the consumption of processed cheese. In the US, certain kinds of cheese have resulted in outbreaks of food-borne gastroenteritis, food sensitivities, lactose intolerance, allergies, and high-calorie content. Consumers have now become aware of the association of these diseases with cheese. This factor is posing as a restrain for various cheese manufacturers to overcome and meet the customer demand for healthy food.

Opportunities: Emergence of plant-based cheese alternatives

The market for plant-based cheese is growing at a significant rate; consumers are drifting away from animal sources to plant-based sources. This is attributed to the rising aversion toward meat, the advent of veganism, and concerns over animal cruelty. The demand for clean-label products, concerns about sustainability, and a dire need to avoid allergens are some of the major factors responsible for shifting consumer preferences toward plant-based alternatives.

Challenges: Regulatory influence

The stringent regulatory legislations regarding cheese are projected to be challenging for the growth of the market. The demand for accurate labeling, listing the names of all the ingredients in the product, and specifying the details of the ingredients and their nutrient content is on the rise owing to the rising health concerns. Adhering to these labeling regulations may increase the cost of packaging and labeling, which, in turn, affects the price of the final products. This leads to low acceptance by consumers, which poses a challenge for the market.

The Asia Pacific region is projected to witness the highest growth during the forecast period.

The countries in the Asia Pacific region have a well-established dairy industry, which subsequently proves the potential for growth of the cheese market in these regions. Hectic work schedules, along with the rising prevalence of western food culture, represent some of the significant factors strengthening the cheese market growth in the Asia Pacific region. Since the past few years, the rapid food globalization has caused a boom in the retail and foodservice sectors, owing to this there is the demand for cheese-based products that is expected to generate significant growth in this region.

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Key Players:

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, Glanbia (Ireland), Saputo (Canada), Arla Foods (UK), BEL Group (France), Fonterra (New Zealand), FrieslandCampina (Netherlands), Dalter Alimentari Spa (Italy), The Kraft Heinz Company (US), Amul (India), DMK Deutsches Milchkontor GmbH (Germany), and Meiji Holdings (Japan).

Latest Innovation in Edible Packaging Market

 The global edible packaging market size is estimated to be valued at USD 527 million in 2019 and is projected to reach USD 679 million by 2025, at a CAGR of 4.3% during the forecast period. The growth of the market is driven by factors such as efforts to reduce solid waste accumulation in landfills, increasing demand from consumers for packaged food products, and innovations in the packaging industry.

The key manufacturers of edible packaging in this market include Monosol LLC (US), JRF Technology (US), Evoware (US), Tipa Corp. (Israel), Nagase America (US), Notpla Ltd. (UK), Avani (Indonesia), Wikicell Designs (US), Amtrex Nature Care Pvt. Ltd. (India), EnviGreen Biotech Pvt. Ltd. (India), Regeno Bio-Bags (India), Devro Plc (UK), Apeel Sciences (US), Coolhaus (US), Do Eat (Belgium), Ecoactive (US), Mantrose UK Ltd. (UK), Dental Development Systems LLC (US), Tomorrow Machine (Sweden), and Lactips (France).

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Nagase America Corporation (US) is a global leader in manufacturing innovative products and provides customized solutions to consumers through its extensive knowledge and expertise in chemicals, plastics, electronics, automotive, and life sciences. The company develops ecologically sustainable products and solutions across a broad spectrum of industries, including food and non-food applications. It operates in numerous industries, namely automotive, chemicals, electronics, energy, food & beverages, paint and coatings, paper and inks, personal care, and pharmaceuticals. Functional materials, advanced materials and processing, electronics, mobility and energy, and life and healthcare are the functional segments under Nagase America. The Nagase group consists of multiple R&D divisions that cater to its segments. The company has its presence in various other markets such as transportation, storage, and distribution. Nagase America also holds a strong presence across Europe, Asia, and the Americas.

Devro PLC (UK) is a manufacturer and supplier of collagen-based casings and films in food and non-food applications. The company’s collagen-based casings are primarily used in the meat industry for the packing of sausages, salami, hams, and other cooked meats. The company’s collagen casings are used in other application areas, including health care and cosmetics. Devro directly sells its casings to manufacturers via agents and distributors with customized solutions for manufacturers across different industries. Devro maintains a global presence with manufacturing facilities and R&D facilities in Scotland, the US, the Czech Republic, the Netherlands, Australia, and China. It also maintains a network of subsidiaries across different regions, including Devro Asia Ltd. (China), Devro Pty Ltd. (Australia), Devro Teepak Scotland Ltd. (Scotland), PV Industries B.V. (Netherlands), Devro S.r.o. (Czech Republic), Devro Medical Ltd. (Scotland), Devro KK (Hong Kong), and Devro Inc. (US).

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MonoSol LLC (US) is a leader in water-soluble polymer-based films, offering water-soluble delivery systems for unit-dose applications. It is a division of the Kuraray Group (Japan) and hosts an innovative manufacturing platform for the creation of smart, efficient, and sustainable packaging solutions for a wide range of industries. MonoSol LLC manufactures dosage-based edible packaging products to meet product requirements and provides easy handling and convenience in a diverse array of applications, including detergents, personal care products, food and non-food applications, and pharmaceutical functions. MonoSol LLC operates alongside MonoSol Rx, a Kuraray Group subsidiary that is wholly dedicated to the development and manufacture of packaging solutions for the pharmaceutical industry.

JRF Technology (US) provides product and process development services for transforming soluble polymers into commercial products. The company was established to provide consulting services in the field of water-soluble and edible polymers. They serve clients in the food, nutraceutical, personal care, household cleaning, packaging, and converting markets. The product development laboratory and pilot-scale facilities at JRF Technology aid in transforming products from concept stages into commercially viable products. JRF primarily works in the areas of technology scouting, proof of concept testing, formulation and product development, validation of the manufacturing process, and coordination of packaging conversions. The product categories at JRF Technology comprise food and flavor delivery systems that represent a convenient mode of dispensing colors, flavors, and sweeteners. JRF’s application areas include thin edible packaging formats to package food ingredients, wound care products to be dispersed in soluble films, and soluble polymers for food and non-food applications.

Juice Concentrates Market: Opportunities And Challenges

 The global juice concentrates market is estimated to be valued at USD 73.7 billion in 2022. It is projected to reach USD 93.7 billion by 2027, recording a CAGR of 4.9% during the forecast period. Juice concentrates are obtained by removing water from the fruit juice to make it more suitable for storage, shipping, and resale in retail stores.

The overall juice concentrates market is driven by consumers’ preferences toward the consumption of healthier products and the growing consumption of fruit juices and nectars. The beverage industry influences the juice concentrates market, as fruit & vegetable juice concentrate is largely used in making a variety of nonalcoholic drinks.

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Oranges will have the highest CAGR during the forecast period in terms of value

The ever-increasing demand for fruit juices in every corner of the world is the key factor driving the global growth of orange concentrate goods. Orange juice concentrates are rich in vitamin C. Immunity-boosting, cognitive-boosting, and mood-boosting beverages are in high demand, and consumers want these advantages in their beloved fruit juices as well. To emphasize functional component combinations, orange will be blended with various berry, botanical, and citrus elements. Rising demand for convenience products in developed regions of North America and Europe is leading to an increasing demand for orange concentrates.

Powdered concentrates will see a greater demand in the bakery market for applications such as flavoring agents

Juice concentrates are used in the bakery & confectionery industry in the form of a sweetener and colorant. It is also applied as icing to decorate baked products such as cakes and muffins. The utilization of juice concentrates provides a balanced and natural flavor compared to plain water. Manufacturers consider juice concentrates as a suitable substitute for sugar during the production of bakery products, and the demand for health products has encouraged manufacturers to produce innovative and new products for consumers who are willing to pay a premium amount for the consumption of healthy bakery food.

Bakery and confectionery manufacturers are incorporating fruit and vegetable components into their products to increase the nutritional content of the product, thereby attracting health-conscious consumers as well as a segment of consumers who want to indulge in these products but in a more mindful manner.

The beverages segment is expected to dominate the juice concentrate market

The beverage industry is one of the most flourishing industries in the world and is influencing the juice concentrates market globally. Manufacturers are introducing new and innovative products to the market to suit the demand of the people who prefer fruit flavors in their drinks. Moreover, the health-conscious public has a high demand for health and energy drinks which has further driven the juice concentrates market as juice concentrates provide the required nutrition in these drinks. There is a high demand for flavored milk in developed regions such as Europe, which has led to the demand for fruit concentrates in milk to satisfy the consumers taste buds.

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North America is projected to be the second largest market in the juice concentrate industry.

The North American juice concentrates market has an important share in the markets of fruits such as cranberry, lime, and lemon. The markets within North America studied for this report are the US, Canada, and Mexico. The U.S. contributes to two-thirds of the global cranberry production, and hence, the number of manufacturers of cranberry concentrates in this country is high. The juice concentrate market in Canada faces competitive pressure and unfavorable consumer trends. The manufacturers are most strongly affected by the change in per capita income, health trends, prices of substitutes, and weather conditions. This is due to the geographic location of the country. The increased demand for convenience food products offers growth opportunities to juice concentrate manufacturers. Major players in the juice concentrate market in the region are also innovating their product offerings to improve their product portfolios.

Key Players:

The key players in this market include Archer Daniels Midland Company (US), Südzucker AG (Germany), Ingredion Incorporated (US), SunOpta, Inc (Canada), Kerry Group PLC (Ireland), IPRONA SPA (Italy), Symrise AG (Germany), Döhler Group SE (Germany), SVZ International B.V (Netherlands), and Kanegrade Limited (UK).

Insect Protein Market Will Hit Big Revenues In Future

 According to a research report “Insect Protein Market by Insect Type (Cricket, Grasshoppers, Ants, Mealworms, Black Soldier Flies, and Others), Application (Food & Beverages, Animal Nutrition, Pharmaceutical & Cosmetics), Distribution Channel and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global insect protein market will grow to USD 3.3 billion by 2027, growing at a CAGR of 33.4% during the forecast period. The demand for animal protein is expanding quickly in emerging economies. The rising regulatory approvals from the developed regions for use of insect protein is propelling the growth of insect protein market.

The food & beverage segment is the fastest growing among the various application of insect protein during the forecast period

The major buyers in this market are food and beverage companies, dairy-alternative manufacturers, and feed industrials among others. The supply of insect protein affects the production of insect-based food and beverages production. Insect-based protein is considered a viable alternative source for protein, majorly in food and feed applications. Though whole insects are also available in the market as a rich source of protein, the scope of this report has been limited to only the processed products available as insect protein.

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Asia Pacific region is witnessing the highest growth rate in the insect protein market

Southeast Asian countries have a tradition of entomophagy but do not have regulations related to the breeding, sale, and export of insects. However, insect protein manufacturers have a high opportunity in the animal nutrition segment. Pharmaceutical and cosmetics are among the growing segments in the region, especially in China and Japan. The food consumption per capita is projected to increase in Australia, as the population is projected to reach 35.9 million by 2050, according to a report published by Australian Government.

The major players include EnviroFlight (US), InnovaFeed (France), HEXAFLY (Ireland), Protix (Netherlands), Global Bugs (Thailand), Entomo Farms (Canada), and Ynsect (France) among others.

The offline distribution channel is most widely used and held the largest market share in 2021, primarily owing to its of ease of accessibility and convenience.

Offline distribution includes supermarkets, hypermarkets, convenience stores, and specialist retailers. Few consumers prefer online platform because of ease of accessibility and convenience. The dominance of offline distribution channel is primarily driven by the demand from developing countries. These countries are the large consumers of insect protein and do not have well established online distribution channel.

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Upcoming Growth Trends in the Nut Products Market

 According to a research report “Nut Products Market by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, and Nut Flour), Nut Type, Application, Quality, Category and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global nut products market size is estimated to be valued at USD 6.7 billion in 2022. It is projected to reach USD 8.9 billion by 2027, recording a CAGR of 5.9% in terms of value. An increasing number of new product launches consisting of nuts as key ingredients to drive the nut products market.

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The industrial food manufacturers segment is anticipated to dominate the nut products market

By application, the industrial food manufacturers segment is projected to gain a major share in the market. Consumers’ preference for nut-based products is driven to assist with weight management, improve muscle mass, and inclination toward clean label products. Nut ingredients are considered the most desired, as they make bakery and confectionery products crunchier in texture and provide nutrients while also improving the taste.

The premium/specialty products segment is forecasted to grow at a higher CAGR in the nut products market

Based on quality, the premium/specialty products segment is projected to grow at a higher CAGR in the market during the review period. Various mechanisms and better planting materials have been used to improve and support the number and quality of nuts produced throughout recent times. These changes have reassuring effects on cropping systems and related agro-ecological management systems.

The organic segment is anticipated to grow at a higher CAGR in the nut products market during the forecast period

The organic segment is projected to gain major share in the market by category. The absence of chemicals in organic nuts makes them different from conventionally grown nuts. Pesticides have been associated with a higher chance of conditions like ADHD, autism, cancer, and other reproductive and cognitive problems. Due to this, the demand for organic nuts is growing rapidly.

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The European region is projected to account for a major share in the nut products market during the forecast period

The European countries are Germany, France, Italy, the UK, Spain, Belgium, and Turkey. According to the Federal Association of the German Confectionery Industry (BDSI), the current trend in Germany is inclined toward healthy nuts and nut-fruit mixes. In Germany, nuts are majorly consumed as snacks and are considered vital ingredients in numerous traditional recipes, including cereals, marzipan, bakery items, and chocolates. The per capita consumption of nuts rose from 0.5 kg in 2014 to 1.8 kg in 2019. Additionally, a sizable population of immigrants and ethnic groups from Mediterranean nations reside in Germany. Their diets tend to be richer in dried fruits and nuts than the typical German diet.

Food Fortifying Agents Market Growth by Emerging Trends, Analysis, & Forecast

 The report “Food Fortifying Agents Market by Type (Minerals, Vitamins, Carbohydrates, Prebiotics, Probiotics), Application (Cereal & Cereal-based Products, Bulk Food Items), Process (Drum Drying, Dusting) and Region – Global Forecast to 2027“. The global food fortifying agents market is projected to reach USD 128.0 Billion by 2027, growing at a CAGR of 10.1% from 2022 to 2027. The demand for food fortifying agents is driven by the increasing adoption of fortifying agents in various food & beverage, pharmaceuticals, dietary supplements and pet food manufacturing industries.

Significant changes in the food fortifying agents industry over the last two decades have resulted in the high demand for dietary supplements, fats & oils, beverages, cereals & cereal-based products, dairy & dairy-based products and infant formula.

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In the food fortifying agents market, dietary supplements application segment is registering the highest growth during the forecast period.

Growing incidences of chronic diseases, rise in the aging population, and the growing trend of health & wellness is driving the dietary supplements segment. It is projected to grow at the highest CAGR of 10.2% from 2022 to 2027. Dietary supplements are concentrated sources of nutrients or other substances with nutritional or physiological benefits, either provided alone or in combination, marketed in a pharmaceutical dose form and administered orally. Many European countries have adopted the highly restrictive CODEX standards for the supplements, which eliminate the consumer’s ability to purchase dietary supplements in therapeutic dosages. Codex Alimentarius (Latin for “Food Code”) is the United Nation’s proposed set of international guidelines for nutritional supplements, food handling, production, and nutrients.

Asia Pacific region is witnessing the highest growth rate in food fortifying agents market.

Food fortifying agents market in Asia Pacific region is driven by busy lifestyle and increasing disposable incomes of the consumers. The application of these agents is expected to increase at a fast pace due to the increasing demand from consumers. Across Asia Pacific, proteins & amino acids are one of the rapidly growing segments. Key markets in the region include China, India, Japan, and Australia & New Zealand. These countries have vast areas under agriculture and production of high-fiber content plants & oilseeds, primary raw materials for fiber & specialty carbohydrate ingredients.

Processed food industry in the Asia Pacific region is experiencing growth with the changing lifestyles of customers. The food & beverage industry is currently undergoing a dramatic transformation in response to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. Rising incomes, purchasing power, and consumer demand for nutritional & healthy products also provide promising prospects for growth and diversification in the region’s food sector further proliferating the demand for food fortifying agents market.

Minerals segment is the fastest growing among the various types of food fortifying agents during the forecast period.

Minerals are inorganic elements derived from soil and water and absorbed by plants. Mammals absorb minerals from the plants they consume. This is further segmented into micro minerals and macro minerals. Both are equally important; however, micro minerals are required in smaller amounts than macro minerals. The segment is registering the highest growth in food fortifying agents market owing to its use in applications such as mineral supplements, meat products, breakfast cereals, infant foods, and health drinks among others.

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The key players in food fortifying agents market include Cargill (US), DSM (Netherlands), CHR. Hansen Holdings A/S (Denmark), DuPont (US), BASF SE (Germany), Arla Foods Amba (Denmark), Tate & Lyle (UK), Ingredion (US), Archer Daniels Midland Company (US), and Nestle SA (Switzerland).