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Vegan Cheese Market 2023 | Research, Trends and Forecast to 2031

The global vegan cheese market size is expected to reach $4,425.6 million by 2027 at a CAGR of 15.5% from 2021 to 2027.

Vegan cheese is one of the plant-based non-diary food products, which has been gaining significant popularity among the vegan and flexitatrian population. Dynamic changing food consumption pattern and increase in awareness among population regarding lactose intolerance drive the market growth. Furthermore, increase in animal welfare concerns coupled with rise in demand for diary analogue products further boost the market growth.

Global Key Players:

Bute Island Foods Ltd,

GreenSpace Brands,

violifefoods.com.,

Vtopian Artisan Cheeses,

Chicago Vegan Foods,

Gardener Cheese Company,

Tofutti Brands Inc.,

Kite Hill,

DAIYA FOODS INC.

Nush Foods.

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However, animal-based cheese gained extreme popularity among consumer, which is likely to be very intense challenge for the vegan cheese manufactures to gain attention. High prices and lack of awareness are anticipated to hinder the growth of the vegan cheese market during the forecast period.

According the vegan cheese market analysis, the market is segmented into product, end use, and region. By product, it is categorized into mozzarella, cheddar, pepper jack, parmesan, gouda, and other. Depending on source, it is fragmented into soy milk, almond milk, rice milk, and other. On the basis of end use, it is differentiated into household, food industry, and food service industry. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of product, the cheddar segment was valued at $308.2 million in 2019, and is projected to reach $1,060.1 million by 2027, registering a CAGR of 14.9% from 2021 to 2027. Cheddar cheese is more popular as compared to gouda cheese due to its harder texture, creamier taste, and longer shelf life. This cheese is widely used in fast food, savory snacks, and bakery products. The price of cheddar cheese is low as compared to that of mozzarella cheese; thereby, fueling its adoption in the developing countries including India and China. It is available in single slices wrapped in plastic, cheese spray, cheese spread, squeeze tube, and various other packaging options, which is anticipated to provide numerous opportunities for the market growth.

On the basis of source, the other sources segment was valued at $98.7 million in 2019, and is expected to reach $388 million by 2027, registering a CAGR of 16.8% from 2021 to 2027. The other milk alternatives considered in this segment are cashew, coconut, hemp, oat, and peanut. The others segment is growing at a considerable growth, owing to growing R&D in the food industry, and manufacturing companies are aggressively finding new sources for the vegan cheese. Coconut, oat, and peanut milk is considerably used for making cheese and it is increasingly accepted by the consumers as it is known source and frequently found in regular diet.

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On the basis of end use, the foodservice industry segment is estimated to reach $1,052.3 million by 2027, at a CAGR of 16.1%. The food services industry is one of the fastest growing sectors in the world, rapid urbanization, chaining food habits, and expansion of the food outlets. Various fast outlets including MacDonald’s, dominos, and local pizzas and burgers outlets are labeling food items or food menu with vegan and also proving vegan cheese as appetizer for augmenting taste and aroma of the food products.

Region wise, Europe dominated the vegan cheese market in 2019, and is projected to sustain its dominance throughout the vegan cheese market forecast period. The market for vegan cheese is likely to grow at a significant rate, owing to their increasing consumption of plant-based food products through cheese and meat. UK is the largest vegan cheese industry in Europe due to increase in demand from millennials and surge in marketing activities. In addition, improved distribution channels also drive the growth of the product market in Europe.

Key findings of the study

The vegan cheese market was valued at $1,237.8 million in 2019, and is estimated to reach $4,425.6 million by 2027, growing at a CAGR of 15.5% during the forecast period.

By product, the mozzarella segment is estimated to witness the fastest growth, registering a CAGR of 14.5% during the forecast period.

In 2019, by end use, the household segment was valued at $760.8 million, accounting for 61.5% of the global vegan cheese market share.

In 2019, the U.S. was the most prominent market in North America market, and is projected to reach $867.2 million by 2027, growing at a CAGR of 14.5% during the forecast period.

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Fast Casual Restaurant Market Growth, Analysis Report, Share, Trends and Overview 2023-2030

According to a new report published by Allied Market Research, titled, “Fast Casual Restaurant Market by Food Type, Mode of Operation, and Nature: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global fast casual restaurant market size was $125.6 billion in 2019, and is projected reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027

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Global Key Players:

Chipotle Mexican Grill,

Erbert & Gerbert’s Sandwich Shop,

Panda Restaurant Group,

EXKi SA, Zaxby's corporate,

Five Guys Holdings, Inc. (Five guys burger and fries),

Roark Capital Group (Wingstop),

Tortilla Mexican Grill,

Firehouse Subs,

Famous Brands (Gourmet Burger Kitchen) .

The concept of fast casual restaurants came into existence in the late 90’s, however it gained much of the traction in 2009. The fast casual restaurants prepare fresh food rather than assembling them as in the case of fast food restaurant. High quality ingredients, locally sourced, fresh, and organic are the some of the many characteristics of the fast food restaurants. Furthermore, the prices of fast casual restaurants are higher than that of fast food restaurants but considerably lower than that for fine dining.

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The increase in number of fast casual restaurants is attributed to changes in consumer preferences toward healthy lifestyle. The significant transition toward healthy, natural, and freshly prepared food provides impetus to the fast casual restaurant industry. Fast casual restaurants incorporate freshly prepared, minimally processed food in their menu. Furthermore, these restaurants are gaining much traction owing to innovative offerings they provide. For instance, Panera Bread, one of the leading fast casual restaurant chains in the U.S. offers diverse menu including but not limited to low-fat and gluten-free items. Furthermore, weight conscious consumers can opt for half a portion of meal or customize to thinner type of bread. This option of healthy customizations offered by fast casual restaurants drives the fast casual restaurant market growth.

Uncertainties about current and future economic conditions might dissuade foot fall amongst such restaurants. The Covid-19 outbreak has resulted in widespread economic crisis around the world. Rise in unemployment and high prices are expected to act as major challenges for the engaged stakeholders. Fast casual restaurants provide fresh and healthy food coupled with natural offerings, which make way for additional cost. High cost as compared to its counterparts such as quick service restaurants might limit the target audience.

The fast casual restaurant market is segmented into food type, mode of operation, nature and region. By food type, the fast casual restaurant market is classified into burger/sandwich, pizza/pasta, Asian/Latin American Food, chicken, and others. By mode of operation, it is bifurcated into dine in and takeaway. By nature, the market is divided into franchised and standalone. By region, the fast casual restaurant market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study

By region, North America dominates in terms of fast casual restaurant market share and is expected to retain its dominance during the forecast period.

By food type, the Burger/Sandwich segment led in terms of market share, in 2019; however, Pizza/Pasta segment is expected to gain market share in the upcoming years

By mode of operation, the dine-in segment accounted for about two-third share of the fast casual restaurant market in 2019; however, the takeaway segment is poised to grow at highest CAGR during the forecast period.

By nature, the standalone segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 12.5% during the fast casual restaurant market forecast period.

By region, Asia-Pacific is anticipated to grow with robust CAGR of 13.7% during the forecast period.

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Baby Infant Formula Market 2023 | Analysis, Size, Share, Trends and Forecast

According to a new report published by Allied Market Research, titled, “Baby Infant Formula Market," The baby infant formula market size was valued at $25.5 billion in 2021, and is estimated to reach $56.6 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.

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Global Key Players:

Abbott Laboratories,

Arla Foods amba,

Campbell Soups,

Dana Dairy Group Ltd,

Danone,

D-Signstore,

HiPP GmbH & Co.

Vertrieb KG,

Reckitt Benckiser (Mead Johnson & Company LLC),

The Hain Celestial Group, Inc.,

The Kraft Heinz Company,

Reckitt Benckiser Group plc,

Royal Friesland Campina N.V.,

bellamy's organic,

Nestle S.A.,

yili group.

The market for baby infant formula is mostly driven by increase in number of women participations in labor force and high nutritional content of infant formula. The baby infant formula market trends is driven by rise in number of women working outside their houses. Most of the working mothers return to their jobs shortly after their delivery. Breastfeeding is not always possible for working mothers due to lack of time and inconvenience. Infant formulas provide an appealing alternative for working mothers, thus fulfilling their requirement for healthy and nutritious food with their need for convenience. Moreover, the infant formula segment accounted for the highest share in the market. Breastfeeding is not always possible for mothers working outside homes; thus, infant formula is an appropriate alternative for the infant as its composition is similar to that of breastmilk.

The baby infant formula market growth shows high growth potential in Europe and LAMEA region. The LAMEA baby infant formula market is expanding due to rise in consumer buying power and economic growth in nations such as Brazil and Argentina. The Asia-Pacific baby infant formula market analysis held the major share in 2021. Asia-Pacific is one of the most varied and vibrant markets globally. However, on the other side, concerns related to food safety is rising among consumers. Infant formula is an overly sensitive food product, as it is a substitute to breastmilk and is added to the diet of infants for their proper development. Cases related to adulteration of infant formula have been reported across the globe. Thus, the concerns related to the safety of baby infant formula act as the major restraint to the market growth.

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The baby infant formula market forecast is segmented on the basis of type, ingredient, distribution channel, and region. By type, the market is classified into infant milk, follow-on milk, specialty baby milk, and growing-up milk. By ingredient, the market is divided into carbohydrate, fat, protein, minerals, and vitamins. By distribution channel, the market is categorized into online and offline. The offline segment is classified into hypermarkets & supermarkets, pharmacy/medical store, specialty stores, and hard discounter store. Region wise, it is analyzed across North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Turkey, Russia, and rest of Europe), Asia-Pacific (China, India, South Korea, Japan, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, UAE, and rest of LAMEA).

By type, the market is classified into infant milk, follow-on milk, specialty baby milk, and growing-up milk. The infant milk segment accounted for a major share in the baby infant formula market in 2021 and is expected to grow at a significant CAGR during the forecast period. The demand for infant milk is rising as it is specially designed to meet the growing needs of babies under six months of age. Moreover, various infant formula manufacturers are looking at synthesizing oligosaccharides, a complex carbohydrate found in human milk, which could be added to infant formulas. This may open new baby infant formula market opportunities for the manufacturers, thereby propelling the market growth.

By ingredient, the market is divided into carbohydrate, fat, protein, minerals, and vitamins. The carbohydrate segment accounted for a major baby infant formula market share in 2021 and is expected to grow at a significant CAGR during the forecast period. Carbohydrates are an infant’s main fuel source, and essential for proper growth and development. Offering infants healthy, nutrient-dense carbohydrates is expected to optimize their growth and maintain a healthy body weight. The demand for carbohydrate in baby infant formula is rising as carbohydrates are an important source of energy for growing infants, as they account for almost 40% of their daily energy intake.

By distribution channel, the market is bifurcated into online and offline. The offline segment accounted for a major share in the baby infant formula market in 2021 and is expected to grow at a significant CAGR during the forecast period. Hypermarkets and supermarkets, pharmacy/medical store, specialty stores, and hard discount stores all fall within the offline section. Most localities have a few modest trade lines that house retail establishments, which are often tiny retailers. Such stores are more common in underdeveloped countries with low hypermarket/supermarket penetration rates.

The offline segment is further classified into hypermarkets & supermarkets, pharmacy/medical store, specialty stores, and hard discounter store. The hypermarkets and supermarkets segment accounted for a major share in the baby infant formula market in 2021 and is expected to grow at a significant CAGR during the forecast period.

KEY FINDINGS OF THE STUDY

By Type, the infant milk segment was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.

By Ingredient, the carbohydrate segment was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.

By Distribution Channel, the offline segment was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.

By Region, the Asia-Pacific region was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.

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Antioxidants Market 2031 | Research, Size, Share, Analysis and Forecast

According to a new report published by Allied Market Research, titled, “Antioxidants Market by Type, Form, and Application: Global Opportunity Analysis and Industry Forecast, 2022–2031,”

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The key companies profiled in antioxidants industry are BASF SE, Cargill, Inc, Kemin Inc., Industries, Inc., Koninklijke DSM N.V., Nutreco N.V., and ViTablend Nederland B.V. Product launch with quality is the key strategy adopted by well-established players to compete in the market.

The global antioxidants market size was valued at $3,437.3 million in 2020, and is projected to reach $7,376.4 million by 2031, registering a CAGR of 6.9% from 2022 to 2031. The synthetic antioxidants segment dominated the market in 2020, with more than half share, in terms of revenue.

Antioxidants are the vital ingredients that provide longer shelf life to food products and are used as vitamin supplements in pharmaceutical industries. The global antioxidants market is anticipated to witness significant growth during the forecast period owing to decrease in antioxidant costs, increase in investment & approval of antioxidants by many regulatory authorities, and increase in demand for antioxidants in food & beverage industry. Developed economies are trending toward natural antioxidants such as rosemary extract, creating new growth opportunities for the market. On the other hand, Asia-Pacific is expected to show growth in the demand for synthetic antioxidants during the forecast period.

According to the antioxidants market analysis, the market is segmented based on type, form, application, and region. By type, the market is segmented into natural antioxidants and syndicate antioxidants. On the basis of form, the market is classified into dry and liquid. According to application, the market is classified into food & feed additives, pharmaceuticals & personal care products, fuel & lubricant additives, plastic, rubber, & latex additives, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The synthetic antioxidants accounted for more than half of the market, in terms of revenue, in 2020 as it is being widely utilized in pharmaceuticals & personal care products industries owing to its healthy moisturization properties and natural stability. This segment is projected to dominate during the forecast period, and the market is anticipated to show significant growth in Asia-Pacific, whereas growth will remain steady in North America.

Dry form segment witness a major growth in the market owing to its properties of salt and calorie-free, as well as fat-free. Owing to the longer shelf life and better handling properties, dry form of antioxidants is most preferred in wide range of application such as food & feed additives, pharmaceuticals & personal care products, among others.

Plastic, rubber, & latex additives segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 6.3% during the antioxidants market forecast period. Utilization of antioxidants in cosmetic compositions is expanding as customers' preference for organic and healthy ingredients increases.. Favorable government regulations, which encourage the use of natural ingredients in these formulations also assist in supplementing the growth of the pharmaceuticals & personal care products segment.

Cosmetic discounters segment is projected to dominate the market accounting for more than 35% share growing at significant CAGR of 12.2% from 2022 to 2031. Increase in availability of antioxidants through hypermarkets & supermarkets, food specialty stores, pharmacy and cosmetic discounters, coupled with advice of doctors to use antioxidants for skin treatment such as psoriasis or acne is expected to boost the sales through these distribution channels.

Increase in the health problems and premature aging problems will have positive impact on the market of natural antioxidants. Germany is one of the largest contributors in the antioxidants market. Asia-Pacific regions are expected to project a CAGR of 6.4% in synthetic antioxidants owing to huge market for suppliers.

The European and North American antioxidants markets are expected to offer lucrative growth opportunities during the forecast period. Increase in pre-aging problems, health issues due to antioxidants deficiency among African regions and in Asia-Pacific, and food safety concerns are key drivers for the antioxidants market growth. The U.S. and China contributed major revenue share, with China holding the monopoly in vitamin C production.

Key Findings of the Study

The report provides a quantitative analysis of the current antioxidants market trends, estimations, and dynamics of the market size.

By type, the syndicate antioxidants segment dominated the global market in 2020, and is expected to retain its dominance throughout the forecast period.

On the basis of form, the dry segment led the global antioxidants market demand in 2020, and is expected to retain its dominance throughout the forecast period.

By application, the plastic, rubber, & latex additives segment dominated the global market in 2020, and is expected to retain its dominance throughout the forecast period.

Region wise, Asia-Pacific accounted for highest antioxidants market share in 2020, and is expected to grow at a CAGR of 6.4%.

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Yogurt Market Size, Share, Trends and Forecast to 2031

According to a new report published by Allied Market Research, titled, “Yogurt Market," The yogurt market was valued at $97,999.50 million in 2020, and is estimated to reach $171.8 Billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

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The Global Key Players:

Arla Foods Amba,

Britannia Industries Limited,

Chobani, Llc,

Danone,

General Mills,

Gujarat Cooperative Milk Marketing Federation (Amul),

Lactalis Corporation,

Nestle S.A.,

Saputo Inc.,

Schreiber Foods Inc.

Yogurt is healthy, versatile, and convenient food option with a characteristic richness and pleasant taste. It contains healthy bacteria that is beneficial for the gut. Thus, it acts as a good probiotic facilitating weight management, digestion, and absorption of vitamins & minerals. Yogurt is available in different forms, flavors, and packings in the market ranging from cups, tubs & tubes, to drinkable yogurt such as kefir. It also cures or prevent diarrhea, constipation, and bloating.

The main drivers for the global yogurt market size are health benefits associated with consuming yogurt and rise in health-conscious people in different regions for losing weight. The additional facts that support the growth of the market are growth in retail market and low lactose content for lactose intolerant people willing to eat dairy products. However, the artificial additives & ingredients present in certain varieties of yogurt along with hormonal treatment of cows causing fatal diseases limit people from consuming yogurt, restricting the market growth. Rise in demand for yogurt in developing nations, owing to increase in disposable income and health awareness is expected to provide numerous opportunities for expansion of the global yogurt market.

Outbreak of COVID-19 positively impacted growth of the yogurt market in 2020. Snackification of the yogurt, rise in popularity for nutritional & immune boosting food, and increase in trend of eating food at home attributed to increased sales in 2020 .

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The yogurt market is segmented on the basis of type, flavor, source, distribution channel, and region. Depending on type, it is categorized into set yogurt, greek yogurt, yogurt drinks, and frozen yogurt. According to flavor, it is bifurcated into plain and flavored. By source it is classified into dairy-based and non-dairy-based. As per distribution channel, it is fragmented into supermarkets/hypermarkets, independent retailers, specialist retailers, convenience stores, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and rest of the Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, and rest of the Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and rest of the LAMEA).

On the basis of type, the yogurt drinks segment was the significant contributor to the market share, with $32,501.9 million in 2020, and is estimated to reach $62,216.1 million by 2031, at a CAGR of 6.4% during the forecast period. Yogurt is consumed in many forms such as beverage, snacks, meal replacement, dessert, and protein-rich sports drink. In 2020, the yogurt drinks segment occupied major market, in terms of revenue, with nearly one-third of the share. This trend is expected to be continued during the forecast period, owing to the probiotic nature and omega-3 benefits offered by drinking yogurt.

According to the flavor, the flavored segment was the significant contributor to the yogurt market share, and is estimated to reach $55,127.7 million by 2031, at a CAGR of 6.3% during the forecast period. Flavored yogurt is made up of flavors, fermented milk, and viable bacteria, which creates a thickened product and have extended shelf life. Flavored yogurt can be consumed through various forms, including drinkable and frozen. Strawberry flavored and strawberry blended yogurt is the most preferred choice of flavored yogurt among consumers, due to fresh color, characteristic sweet taste, and smooth texture.

According to the yogurt market trends, on the basis of source, the non-dairy-based segment was the highest contributor to the market, and is expected sustain its contribution throughout the yogurt market forecast period. Growth in vegan population and increase in popularity of plant-based products among consumers are major factors driving the global yogurt market growth through non-dairy-based segment. In addition, increase in adoption of healthy lifestyle and growth in preference for vegetarian diet, owing to rise in health-consciousness support the growth of the market.

According to the yogurt market analysis, by distribution channel, the hypermarkets/supermarkets segment was the highest contributor to the market, with $37,328.2 million in 2020, and is estimated to reach $59,586.9 million by 2031, at a CAGR of 4.6% during the forecast period. The hypermarkets/supermarkets segment is the leading distribution channel with almost half of the yogurt market share, growing with second fastest CAGR during the forecast period. This is attributed to the increase in business of retail sales in different regions as well as the large shelf space available for maximum sales, which lets customers pick their choice.

KEY FINDINGS OF THE STUDY

The yogurt market size was valued at $97,999.5 million in 2020, and is estimated to reach $171,826.1 million by 2031, registering a CAGR of 5.5% from 2022 to 2031.

In 2020, depending on type, the set yogurt segment acquired $32,496.3 million, garnering 28.9% of the global market share.

In 2020, on the basis of flavor, the plain segment acquired $70,064.6 million, exhibiting 71.5% of the global market share.

By source, the dairy-based segment growing at CAGR of 5.4% during the forecast period.

In 2020, depending on distribution channel, the online stores segment acquired $20,315.7 million, garnering 20.7% of the global market share.

U.S. was the most prominent market in North America in 2020, and is projected to reach $24,093.5 million by 2031, growing at a CAGR of 5.4% during the forecast period.

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Probiotics Market 2023-2030 | Size, Share, Growth, Global Trends and Research Report Forecast

According to a new report published by Allied Market Research, titled, “Probiotics Market by Ingredient, Function, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030” The global probiotics market size was valued at $34.1 billion in 2020, and is projected to reach $73.9 billion by 2030, registering a CAGR of 8.6%.

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Global Key Players;

BioGaia AB,

Danone, Chr.

Hansen Holding A/S,

Yakult Honsha Co. Ltd.,

Probi AB,

Lifeway Foods, Inc.,

Nestle S.A.,

Ganeden, Inc.,

E. I. du Pont de Nemours

Company,

Protexin.

Probiotics are live microorganisms, which improve digestion and strengthen immunity. The growth in health concern among people coupled with increase in consumption of functional food has led to the huge demand for probiotics ingredient. Change in lifestyles and rise in consumption of junk food have encouraged people to opt for healthy products, including probiotics in their diet to remain fit and healthy.

The market is expected to continue its prominent growth rate, owing to the growth in awareness about health benefits of probiotics. Probiotics are often taken to treat diarrhea, cramps, and gastritis caused due to intake of antibiotics, which kills good bacteria in addition to the bad bacteria, thus disrupting the balance of bacteria in colon.

Surge in demand for probiotics has led to increased investment in R&D to explore new areas of application of probiotics. However, government regulations in some of the countries such as Europe act as a threat for the growth of the market. There are strict regulations on probiotics health claims in the European Union. Market players need to provide scientifically proven data for the effectiveness of their probiotic products, thereby, many a times, leading to disapproval of health claims of probiotics products.

According to probiotics market analysis, the market is segmented on the basis of ingredient, function, application, end user, and region. On the basis of ingredient, it is categorized intobacteria and yeast. On the basis of function, the probiotics market is divided into regular, preventative healthcare, and therapeutic. As per application, it is divided into food & beverage, dietary supplement, and animal feed. According to end user, it is fragmented into human and animal. Region-wise, the probiotics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Various types of probiotics available in the market include bifidobacteria and lactobacillus.

By ingredient, the bacteria segment was the highest revenue contributor in 2020, owing to its vast area of application and a wide variety of sub categories of bacteria. By function, the preventative healthcare held the largest probiotics market share in 2020. The growth of this segment is primarily attributed to growth in studies and researches being conducted to explore the application of probiotics in various diseases.

Emerging countries of Asia-Pacific and LAMEA are expected to boost the market growth in the coming years. Asia-Pacific held the largest probiotics market share in 2020, according to probiotics market forecast. Upsurge in disposable income and growth in demand for dietary supplements are expected to be the prime reasons for the market growth in the region. Application of probiotics in food & beverages and in animal feed is the major contributor in the Asia-Pacific probiotics ingredient market.

Region-wise, Asia-Pacific is the largest and the most lucrative market, growing at the highest CAGR of 9.0% among all regions. North America is the second largest probiotics market. However, stringent regulations on the use of probiotics in products, threatens the growth of the North American market. Every stakeholder in the value chain, from raw material suppliers to distributors and retailers of probiotics, plays an important role to make the final product available to the consumers.

The Porter’s five forces analysis of the probiotics industry highlights the competition in the market with respect to the power of buyers, suppliers, manufacturers, and new entrants. In addition, growth in awareness about probiotics products among consumers and rise in number of studies to explore the benefits of probiotics in different health related issues has led to the new product launch and entry of new players. However, huge investments in R&D and marketing campaigns lead to moderate power of the new entrants.

High R&D costs for developing new probiotics strains, as well as international quality standards and regulations for probiotics products, are expected to hinder probiotics market growth during the forecast period. The market is struggling with the complexities of incorporating probiotics functional foods.

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Probiotics have a positive impact on the market, owing to their importance in immune system strengthening. Probiotics, in particular, have been lauded as an effective supplementary method for combating the coronavirus. During the COVID-19 pandemic, for example, probiotics products were in high demand all over the world.

Key Findings of the Study

The global probiotics market size was valued at $34.1 billion in 2020, and is projected to reach $73.9 billion by 2030, registering a CAGR of 8.6%.

By region, Asia-Pacific was the highest revenue contributor, accounting for $12.3 billion in 2020, and is estimated to reach $27.6 billion by 2030, with a CAGR of 9.0%.

By ingredient, the bacteria segment was the highest contributor to the market, with $24.0 billion in 2020, and is estimated to reach $51.4 billion by 2030, at a CAGR of 8.5% during the forecast period.

By function, the preventative healthcare segment was the highest contributor to the market, with $18.1 billion in 2020, and is estimated to reach $42.3 billion by 2030, at a CAGR of 9.4% during the forecast period.

Byapplication, the dietary supplements segment was the highest contributor to the market, with $15.6 billion in 2020, and is estimated to reach $35.8 billion by 2030, at a CAGR of 9.2% during the forecast period.

By end user, the human segment was the highest contributor to the market, with $27.8 billion in 2020, and is estimated to reach $59.6 billion by 2030, at a CAGR of 8.5% during the forecast period.

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Protein Supplement Market 2031 | Size, Share, Trends, Global Demand and Forecast

According to a new report published by Allied Market Research, titled, “Protein Supplement Market," The protein supplement market was valued at $23.9 billion in 2021, and is estimated to reach $50.7 billion by 2031, growing at a CAGR of 7.8% from 2022 to 2031.

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Protein is an essential nutrient and second most abundant substance present in the body after water. Protein supplements are concentrated sources of protein obtained from animals or plants that include dairy, eggs, wheat, soybean, pea, and others. They are present in three common forms, that is, powders, bars, and ready to drink (RTD) liquids. Protein powder is one of the most common protein supplements, available in the market as protein concentrates, protein isolates, and protein hydrolysates.

Global Key Players:

Abbott, Amway India Enterprises Pvt. Ltd.,

Glanbia plc.,

GNC Holdings, LLC,

Vitaco,

Hormel Foods Corporation,

Iovate Health Science International,

The Hut.com,

Otsuka Pharmaceutical,

MuscleBlaze.

The concentrates consist of 60%-80% protein and 20%–30% fat & carbs; the isolates contain 90%-95% protein; and hydrolysates boost the absorption of protein subsequently enhancing the muscle growth response to exercise. These products are consumed by individuals who strive to build muscle, increase & maintain body mass, or lose weight. Also, people take protein supplements to fulfill the necessary energy and vitamins needed through strenuous workouts as well as to compensate for the nutrients & vitamins loss during the reduction of food intake.

In addition, the increase in the number of fitness & training centers, surge in disposable income, and alarming rise in obesity rates also fuel the protein supplement market growth. However, the presence of cheap replacements and false claims coupled with negative publicity is expected to hamper the growth of the protein supplement market size during the forecast period. The rise in protein supplement demand from the health-conscious young population of developing nations as well as the strengthening of distribution channels in untapped regions is expected to provide numerous opportunities for the expansion of the global protein supplement market.

The protein supplement market is segmented on the basis of type, form, source, gender, age group, distribution channel, and region. On the basis of type, the market is divided into casein, whey protein, egg protein, soy protein, and others. On the basis of form, the market is classified into powder, RTD liquid, and protein bars. On the basis of source, the market is segmented into animal and plant sources. On the basis of gender, the market is bifurcated into the male and female. On the basis of age group, the market is divided into millennials, generation X, and baby boomers. On the basis of distribution channel, the market is categorized into supermarkets/hypermarkets, online stores, chemists/drugstores, nutrition stores, health food stores, specialist sports stores, and others. On the basis of region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific, and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA).

As per protein supplement market analysis, on the basis of type, the soy protein segment is expected to witness the highest growth during the protein supplement market forecast period. This is attributed to various health benefits associated with the consumption of soy products. Soy proteins are available in both liquid and powdered forms. Among the two, the liquid soy protein segment has been gaining traction at a significant rate.

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According to the protein supplement market trends, on the basis of form, the ready-to-drink (RTD) liquid segment is expected to witness the highest growth during the forecast period owing to its easy availability and convenience. RTD liquid protein supplements are one of the most convenient ways of consuming protein, especially for gymgoers and athletes.

On the basis of source, the protein supplement market is classified into animal and plant-based proteins. The animal-based segment accounts for the majority of the protein supplement market share owing to the associated health benefits.

On the basis of age group, the millennials segment is expected to account for a higher share in terms of consumption for the protein supplement market since millennials are known to be preferred customers for a variety of protein and other supplement products.

As per protein supplement market opportunities, on the basis of distribution channel, the online segment is expected to witness the highest growth during the forecast period since online distribution channels have made it easier for consumers to research and purchase protein supplements. Consumers can browse a wide range of products, compare prices and features, and read reviews from other users on a single platform.

On the basis of region, Asia-Pacific is anticipated to experience the highest CAGR during the forecast period since the trend for on-the-go snacking options in developing economies such as China and India is projected to drive demand for protein and nutrition supplements in Asia-Pacific. Furthermore, a significant shift in consumer lifestyle is anticipated to fuel the Asia-Pacific protein and nutrition supplement products market during the forecast period.

Key findings of the study

On the basis of type, the whey protein segment accounted for the major share of the protein supplement market in 2021.

On the basis of form, the powder segment dominated the protein supplement industry in 2021.

On the basis of source, the plant-based segment is expected to witness the highest growth during the forecast period.

On the basis of gender, the male segment dominated the market in 2021.

On the basis of age group, the millennial segment dominated the market in 2021 and is expected to grow at a CAGR of 7.4%.

On the basis of the distribution channel, the online segment is expected to witness significant growth.

On the basis of region, North America accounted for a prominent market share in 2021.

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ankitabelsare · 11 months

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Hybrid Seeds Market Research Report, Analysis, Size, Share, Global Trends and Forecast to 2031

According to a new report published by Allied Market Research, titled, “Hybrid Seeds Market by Crop, Duration, Seed Treatment and Farm Type: Global Opportunity Analysis and Industry Forecast, 2022-2031,”

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The global hybrid seeds market size was valued at $59,555.2 million in 2020, and is estimated to reach $166,189.8 million by 2031, registering a CAGR of 9.6% from 2022 to 2031.

Hybrid seeds are developed through cross pollination of two diverse varieties. This highly selective and specific plant breeding is performed to bring together different traits from chosen varieties in the resulting seed. Hybrid seeds assist manufacturers to produce F1 hybrid plants with enhanced characteristics, such as enhanced uniformity, better yield, disease resistance, and improved color. Clonal propagation and open pollination are alternatives to hybridization. Increase in usage of hybrid seeds with several advanced traits, such as pelleting & seed coatings, biological & mechanical innovations related to farms, introduction of enhanced hybrid seed varieties, and decline in arable land, and diversification of diets are major factors that drive the market growth globally. Global population is estimated to reach 9 billion by 2050, and is expected to require twice the food, which could be produced from constant land area. More production is anticipated to be accomplished from less land only by using the combination of quality seeds, quality inputs, and enhancing farm practices.

The Global key Players Include in this Report:

Bayer AG,

Biostadt India limited,

Corteva Agriscience,

Crystal Crop Protection Pvt. Ltd.,

Emerald seed company,

Kaveri seed company,

KWS SAAT SE & Co.,

Mahyco seeds ltd.,

Syngenta Crop Protection AG,

UPL Limited.

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However, change in climatic conditions and the fact that hybrid seeds cannot be reproduced as two different types of genes in F1 hybrid are segregated in the offspring, resulting in an extremely variable progeny limit the market growth. Diversified demand for hybrid crops in the emerging countries and technology-driven agriculture in the developed countries are expected to provide lucrative opportunities for expansion.

Outbreak of COVID-19 negatively affected the growth of the hybrid seeds market in 2020. Disruption in supply chain and transportation, increase in cost of seeds and its limited production are some of the major factors affected the growth of the market in 2020.

The hybrid seeds market segmented into crops, duration seed treatment, farm type, and region. On the basis of crop, the market is categorized into field crops (cotton, corn, rice, millet, sunflower, and sorghum) and fruits & vegetable crops (tomato, okra, chilli, cauliflower, cabbage, gourds, watermelon, cucumber, and others). By duration, it is segmented into short-term, medium-term, and long-term. Depending on seed treatment, it is segmented into treated and untreated. On the basis of farm type, market is bifurcated into indoor and outdoor. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).

According to the hybrid seeds market trends, on the basis of crop, the fruit & vegetable crops was valued at $40,951.5 million in 2020, and is projected to reach $118,878.4 million by 2031, growing at a CAGR of 10.0% from 2022 to 2031. In 2020, fruit & vegetable crops segment accounted for more than half of the market, in terms of revenue, due to shift in food usage from cereal consumption to vegetables in the emerging economies, such as India, and increase in consumer migration to different countries with varying food habits. Increase demand for fruits and vegetables for household and commercial consumption is further garner the demand for highly efficient and productive hybrid seeds.

On the basis of seed treatment, the treated segment was accounted for major share in global hybrid seeds market and is expected sustain its share throughout the hybrid seeds market forecast period. Treated seeds accounted for the maximum share, in terms of both volume and revenue, in 2020 as these seeds save post sowing cost of spraying and make crops tolerant to various soil born and other diseases. Furthermore, treated hybrid seeds assist to increase the productivity and provide benefits to farmers in terms of cost.

By farm type, indoor segment has gained major share in the global hybrid seeds market and is expected sustain its share during the forecast period. Indoor farms grow at the highest rate in hybrid seeds market as indoor farming offers ability to produce more with utilization of less resources. Indoor horticulture is 4,000x more productive as compared to conventional outdoor commodity farming. Furthermore, government providing subsidies to farmers to increase area under indoor farming.

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According to the hybrid seeds market analysis, Asia-Pacific and LAMEA collectively accounted for more than half of the share to the global hybrid seeds market revenue, in 2020. In the same year, Asia-Pacific dominated the market, owing to the increase in demand of enhanced agricultural products. Furthermore, Government supporting the hybrid seeds production and supply and indoor farming owing to increasing scarcity of water and decreasing fertility of the soil and growing demand for agriculture produces.

Key Findings Of The Study

The hybrid seeds market share was valued at $59,555.2 million in 2020, and is estimated to reach $166,189.8 million by 2031, registering a CAGR of 9.6% from 2022 to 2031.

In 2020, depending on crop, the field crops segment acquired $18,603.7 million, garnering 31.2% of the global market share.

In 2020, by duration, the long-term segment acquired $16,564.6 million, exhibiting 27.8% of the global market share.

In 2020, by seed treatment, the treated segment was valued at $54,899.4 million, accounting for 92.2% of the market share.

India was the most prominent market in Asia-Pacific in 2020, and is projected to reach $51,780.8 million by 2031, growing at a CAGR of 10.0% during the forecast period.

Related Information:

Meat-Based Flavors Market:- https://www.einpresswire.com/article/635795515/meat-based-flavors-market-size-global-trends-share-growth-opportunity-and-forecast-2021-2030

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ankitabelsare · 11 months

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Biostimulant Market Size | Top Manufacturers Analysis, Emerging Trend and Growth Forecast to 2031

According to a new report published by Allied Market Research, titled, “Biostimulant Market," The biostimulant market was valued at $2,572.60 million in 2020, and is estimated to reach $8,004.10 million by 2031, growing at a CAGR of 10% from 2022 to 2031.

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Biostimulant are naturally derived fertilizer additives used to enhance plant growth and productivity. These products also contribute toward the nutritional enhancement of agricultural products. Acid and extract-based biostimulant are the major types of biostimulant available in the market. Acid-based biostimulant include humic acid, fulvic acid, and amino acid, whereas seaweed extracts and other plant extracts are considered under plant extracts. Various regulations are imposed on the use of biostimulant by regulatory bodies.An increase in demand for high crop yields and quality, and a focus on sustainable agriculture to protect the environment drive the growth of biostimulant products. However, a lack of education and awareness among farmers about the benefits of using biostimulant in agricultural activities is expected to impede the biostimulant market growth shortly.

The harmful effects of synthetic fertilizers and pesticides on the environment and humans have raised concerns for the government and other agencies. However, the use of fertilizers cannot be cut off completely, as this would have a negative effect on the demand-supply gap of food production. Furthermore, government organizations have taken aggressive efforts to regulate the manufacturing and use of environment-friendly items, such as prohibiting the use of specific chemicals and establishing maximum consumption restrictions. Thus, there is an urgent need to produce bio-based agrochemicals to minimize the hazardous effects of synthetic agrochemicals on the environment. In addition, the growing inclination of consumers toward using bio-based products, especially in the Asia-Pacific region has presented new opportunities for market players. Furthermore, the benefits associated with usage of biostimulant, such as low toxicity, high specificity, and enhanced efficiency have led to higher adoption of such products. Thus, numerous biostimulant market opportunities exist in the market for the development of biostimulant.

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By value, North America and Asia-Pacific collectively contributed approximately 40% share of the global market in 2021.The emerging countries such as Australia, Mexico, and Japan display a huge growth potential for this market on account of high agricultural operation, and decent number of population shifting toward agricultural sector in these countries.

The biostimulant market is segmented on the basis of product type, crop type, application, and region. On the basis of product type, the market is classified into acid-based, extract-based, and others. By crop type, the market is divided into row crops & cereals, fruits & vegetables, turfs & ornamentals, and others. On the basis of application, the market is categorized into foliar spray, soil, and seed. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Turkey, South Africa, and rest of LAMEA).

KEY FINDINGS OF THE STUDY

On the basis of biostimulant market analysis for region, Europe accounted for the largest biostimulant market share, registering a significant CAGR from 2022 to 2031, followed by North America.

On the basis of biostimulant market trends in 2021, the row crops & cereals crop type segment accounted for approximately 65% share, in terms of value, and is expected to grow at the highest rate.

North America is anticipated to grow at the highest CAGR of 9.8% from 2022 to 2031 in the biostimulant market forecast period.

In 2021, the U.S. generated the highest revenue, accounting for approximately 20% share of the biostimulant industry.

Brazil biostimulant market size is anticipated to grow at a significant CAGR of 10.2% during the forecast period.

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ankitabelsare · 11 months

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Cheese Market Share Opportunities & Challenges in Latest Research Report for Business Growth

According to a new report published by Allied Market Research, titled, “Cheese Market by Product Source, Type, Product, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global cheese market was valued at $156.9 billion in 2020, and is projected to reach $199.7 billion by 2030, growing at a CAGR of 2.3% from 2020 to 2030. The cheddar cheese segment dominated the market in 2020 with more than one-third share, in terms of revenue.

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Global Key Players:

Arla Foods

Bel Group,

Fonterra Food,

Kraft Heinz,

Lactalis Group,

SAVENCIA SA,

Britannia Industries Limited,

Associated Milk Producers Inc.,

Saputo Inc.,

Gujarat Cooperative Milk Marketing Federation Ltd.

Cheese is a popular dairy product consumed around the world for its enticing taste and nutritional benefits. Cheese has varying flavor with different tastes depending on the source of milk, aging time, production process, and cheese making technique produced all around the world in different regions. Increase in fast food consumption and awareness among people about the health benefits of cheese has surged the demand for cheese products and has become the cheese market trend. Apart from this, rise in popularity of European food culture across various parts of the globe are the major factors that drive the growth of the cheese market. In addition, increase in the migration of European people to the various continents, especially the Asia-Pacific region, leads to the growth of the cheese market in Asia-Pacific region, where there was no existence and demand for cheese earlier. This shift fueled the global cheese market demand.

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International Organization for Standardization (ISO), Canadian Food Inspection Agency (CFIA), Food and Drug Administration (FDA), International Dairy Foods Association, World Health Organization (WHO), and European Union (EU) are some of the regulatory authorities present in the cheese market. Surge in concern of people regarding their health due to cheese consumption, perishability nature of cheese, and lack of proper storage facility are some factors that hamper the growth of the cheese market. Low-fat and low cholesterol cheese are manufactured to meet the demand for the health-conscious people, with innovation in cheese making technique, which in turn boosts the growth of the cheese market.

The rapid spread of the coronavirus has disrupted the supply chain and bulk purchasers of the cheese in the market, owing to which the companies faced a major downfall in the initial phase of the COVID-19 pandemic, but soon they managed to maintain the availability of their products in different supply channels of the market.

The cheese market is segmented on the basis of source, type, product, distribution channel, and region. By source, it is divided into cheese obtained from cow milk (whole milk and skimmed milk), sheep milk, goat milk, and buffalo milk. The type segment is bifurcated into natural cheese (hard cheese and soft cheese) and processed cheese (spreadable cheese and block cheese). By product, it is classified into mozzarella, cheddar, feta, parmesan, Roquefort, and others. By distribution channel, it is divided into hypermarkets, supermarkets, food specialty stores, convenience stores, and others. By region, it is analysed across North America, Asia-Pacific, Europe, and LAMEA.

Key findings of the study

By source, the cow milk segment held 83% of the cheese market share in 2020.

By type, the natural cheese segment dominated in terms of market share in 2020. However, the processed cheese segment is expected to be the fastest-growing segment during the forecast period.

By product, in 2020, the cheddar cheese segment accounted for about three-fifths of the market share. However, the feta cheese segment is expected to gain traction during the forecast period.

The Europe region dominates the global market and is expected to grow at a significant growth rate during the forecast period.

By distribution channel, the business to business segment is holding more than half of the market share. However, the other segment is anticipated to gain traction during the forecast period.

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ankitabelsare · 11 months

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Yogurt Market | Arla Foods Amba, Britannia Industries Limited