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Citric Acid Market: Navigating Towards a US$ 248.6 Million Industry by 2034

The citric acid market seems to be on a steady pace of 3.70% CAGR over the next decade. The analysis predicts the value to be worth around US$ 172.7 million in 2024, crossing US$ 248.6 million by 2034.

Investments in current manufacturing technology advancement are positively impacting the emergence of improved offers and price reductions. Because of their easy accessibility and low raw material prices, emerging markets such as India and China will soon become in-demand marketplaces.

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Citrus juice market participants should be prepared for problems brought on by fluctuating costs and output from natural sources, which could impair sector profitability. The variety of end-use applications, on the other hand, will be critical for the market’s long-term growth.

Key Takeaways from the Citric Acid Market Study

Powder forms of citric acid will hold the lead accounting for more than 60% of the global market in 2021.
Food & beverage applications of citric acid continue to dominate the market landscape, with impetus from use as additives and ingredients in dietary supplements.
United States the U.S. will emerge as a major market for citric acid, driven by demand from the food processing and pharmaceutical sector in the country.
Germany will showcase lucrative opportunities driven by increased levels of consumer awareness in digestive health.
China is projected to reflect relatively higher levels of growth owing to higher levels of lifestyle-based ailments, especially amidst the vast geriatric Chinese demographic.

“The global citric acid market will witness substantial growth, with rising demand as a key intergradient in food & beverages, pharmaceuticals, personal care products and more. Furthermore, the increasing demand for organic food additives which is caused by the higher degree of consumer health awareness will prove to be a very important factor positively influencing market growth throughout the assessment period,” says the FMI analyst.

Application of Citric Acid in Pharmaceuticals Creating Growth Opportunities

As interest in using natural ingredients in healthcare products has grown, so has the demand for citric acid. There is little chance that the drug will have negative effects on the human body, and it is regarded as an effective and profitable excipient. Major corporations are broadening their portfolios in search of new chances in the pharmaceutical industry.

Pharmaceutical grade citric acid will be primarily required for the manufacturing of powdered medicines. Customers are also more likely to spend money on drugs with clean label certification. Higher levels of citric acid absorption are expected to result in better health outcomes in terms of pharmaceutical safety standard characteristics. This is a significant factor that determines the utilisation of citric acid-containing products.

Who is Winning?

Leading citric acid market players are progressively concentrating on investing in research and development to increase the number of applications for their products. With a growing interest in emerging nations, manufacturers are also pushing for strategic asset purchase and divestiture to maximise profitability in response to demand.

Some of the leading players in the citric acid market include but are not limited to Shandong Juxian Hongde Citric Acid Co. Ltd., Archer Daniels Midland Company, Basel, Jungbunzlauer Suisse AG, Cargill Incorporated, Delek Group, Tate & Lyle plc., Weifang Ensign Industry Co., Ltd., RZBC GROUP, COFCO Biochemical (AnHui) Co. Ltd., and Pfizer Inc.

Get Valuable Insights on the Citric Acid Market

Future Market Insights, in its new offering, provides an unbiased analysis of the citric acid market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the citric acid market based on application (acidulant, cleaning agent, binding agent, preservative, and others), by form (Powder and Liquid), By grade (food grade, industrial grade, and pharmaceutical grade), and by end use (food & beverages, pharmaceutical, animal feed, personal care, metal finishing & cleaning, and others) across seven major regions.

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Citric Acid Market Key Segments

Application

Acidulant
Cleaning agent
Binding Agent
Preservative
Others

Form

Liquid
Powder
- Anhydrous
- Monohydrous

Grade

Food Grade
Industrial Grade
Pharmaceutical Grade

End Use

Food & Beverages
- Bakery & Confectionary
- Dairy
- Convenience Food
- Beverages
- Jams & Preserves
- Others
Pharmaceutical
Animal feed
Personal care
Metal finishing & cleaning
Others

Region

North America (U.S. & Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
Japan
Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

Frequently Asked Questions

What is the anticipated growth of the market citric acid until 2032?
What is the estimated market value of the citric acid market expected in 2022?
What is the estimated market value of the citric acid market expected in 2032?
Which region is forecast to be the most lucrative for citric acid market growth?
Which are some prominent citric acid manufacturers?
What is the expected market share of Germany for citric acid in the forecast period 2022-2032?

Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Freezer Bags Market is Driven by Rising Consumer Awareness of Practical Food Packaging | Says FMI

The worldwide sales of freezer bags showed a constant upward trajectory at a rate of 2.5%, compared to the year-over-year rise between 2018 and 2022. By following this moderate growth rate, the market was worth around US$ 4,632.2 million in 2022.

The global market is projected to develop at a compound annual growth rate of 3.8% during the forecast period. In terms of value, the global demand for freezer bags is estimated to reach nearly US$ 4,808 million in 2023. The market is anticipated to worth US$ 6,981.6 million by 2033.

Since the global food industry is expanding rapidly, there is a rising need for dependable and effective packaging solutions. Freezer bags meet this demand by offering a flexible packaging choice for consumers and foodservice operators and have become a practical solution for the sector.

Consumer lifestyles and nutritional preferences are changing, which may be attributed to the rise in demand for freezer bags equally across disparate regional economies. It is especially gaining popularity while traveling and in outdoors activities. Freezer can not only lock out freezer burn but can also keep the food frozen for longer hours. Hectic lifestyle and demand for convenient meal, especially in urban areas are capturing the market of freezer bags.

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Due to rise in urbanization, people are actively seeking for hassle-free food or meal that does not take a long time to cook. Freezer bag are lifesaver for people who look for meal options that can save their time and energy.

Key Takeaways from the Global Freezer Bags Market Study Report by FMI

The United States and Canada together generated almost one-third of the total demand for freezer bags globally in 2022.
The contribution of European countries together in sales of freezer bags worldwide was almost 28% in the year 2022.
An increase in the consumption of convenience foods and affordable food packaging requirements are driving the sales of freezer bags in many Asia Pacific countries.
Countries like China, India, and Indonesia, with a huge consumer base, are anticipated to grow faster.

Competitive Landscape for the Freezer Bags Market Players

In recent years, the overall market is facing both possibilities and problems as society adjusts to shifting environmental objectives. Increased concern about single-use plastic trash has created environmentally friendly substitutes, such as biodegradable and compostable freezer bags. So, market players who connect their products with sustainability trends hope to gain a sizable market share, especially among consumers who care about the environment.

Forecasts from industry insiders indicate a bright future for freezer bag suppliers while intensifying the rivalry among global and regional market players. The packaging sector faces fierce competition from emerging market players, which calls for constant innovation in form, function, and materials. Manufacturers who can address issues with durability, leak-proof capabilities, and reusability while keeping prices low are expected to be in a good position to succeed.

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Recent Development

In 2022, Russbe launched a reusable freezer bag that are made up of recyclable plastic. The company deals in packaging products that are free of PVC, latex, and phthalate.

Key Segments Profiled in the Global Freezer Bags Market

Freezer Bags Market by Product Type:

Flat
Satchel
Block Bottom
PP
Nylon
Polyester

Freezer Bags Market by Material Type:

HDPE
MDPE
LDPE

Freezer Bags Market by Application:

Freezer Bags for Food
- Dairy Products
- Seafood
- Meat & Poultry
- Fresh Vegetables & Fruits
- Ready-to-Eat Food
- Others
Freezer Bags for Non-food Articles

Freezer Bags Market by Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East & Africa (MEA)

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Kid Snacks Market Set to Surge at 7.8% CAGR, Reaching US$ 131.7 Billion by 2033 | FMI Projection

The kid snacks market is predicted to develop at an impressive 7.8% CAGR from 2023 to 2033, preceding the lower 2.7% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the Kid Snacks market, increasing the market value from US$ 61870.9 million in 2023 to US$ 131706.7 million by 2033.

Small servings of processed convenience foods with salt, sugar, and preservatives are commonly taken as snacks in between meals. While beverages like cold drinks and juices are not normally categorized as snacks, kid snacks specifically target youngsters.

The market for kid’s snacks is expanding globally due to rising parental worries about children’s health and greater rivalry among businesses to introduce healthier snacks. Snack promotions, advertising, and online sales with alluring deals further increase the demand for kid snacks around the world.

The market for kid snacks is hampered by poor nutritional value and reliance on snacks. Concerns about plastic waste also affect growth.

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Key takeaways

Due to rising disposable incomes and demand for quick and wholesome snack options for kids, India’s burgeoning kid snack industry in India is expected to experience a strong growth rate of 9% by 2033.
The kid snack market in the United Kingdom is forecast to expand steadily, with a projected compound annual growth rate (CAGR) of 7.2% by 2033, driven by increased awareness of healthy snacking options and the desire for creative, on-the-go kid snack options.
The market for kid-friendly snacks in China is anticipated to develop significantly by 2033, with a predicted CAGR of 8.4%. This growth will be supported by urbanization, a growing middle-class population, and the rising need for quick, tasty, and wholesome snacks for kids.
The Australian kid snacks market is estimated to grow at a rapid pace, with a CAGR of 12.7% by 2033, owing to a greater emphasis on health-conscious snacking options, improved parental awareness, and rising demand for organic and allergen-free snacks for children.
The kid snacks market in Japan is constantly changing despite a relatively small predicted CAGR of 4.3% by 2033, driven by shifting consumer preferences, the introduction of novel snack kinds, and a rising focus on healthier, portion-controlled options for kids.

Competitive Landscape

The leading companies in the market are constantly coming out with new kid-friendly snack options to meet shifting consumer preferences and needs. These snacks frequently place an emphasis on nutrition and health, trying to blend flavor and well-being. Companies invest significantly in R&D to produce goods that satisfy children’s taste sensibilities while meeting their nutritional needs.

Global goliaths control the market thanks to their vast distribution networks, well-known brands, and economies of scale. They have a competitive edge because of their substantial presence across several geographies, which enables them to connect with a large consumer base.

Key Companies Profiled in the market are-

Procter&Gamble, PepsiCo, Inc.
The Kraft Heinz Company
Conagra Brands Inc.
Calbee, Inc.
General Mills, Inc.
Intersnack
Lorenz Snack-World
Mondelez International, Inc.

Recent Developments

Conagra Brands Inc. displayed a selection of sweets and snacks at the Sweets & Snacks Expo in May 2022. The company is concentrating on providing salty, sweet, and meaty snacks.
In January 2021, an elementary school student’s new veggie “cube” snack was reviewed by Calbee as part of the Japanese snack company’s yearly competition to weed out noteworthy ideas.
The goal of XYZ Snacks Co. has been to produce snacks without added artificial ingredients, preservatives, or a lot of sugar or salt. They feature healthful components like whole grains, fruits, and vegetables in their snack selections to make sure that kids get the nutrients they need while munching on their snacks.

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Key Segments Profiled in the Kid Snacks Industry Survey

By Source:

Organic Kids Snacks
Conventional Kids Snacks

By Type:

Salty
Refrigerated or frozen
Confectionary
Bakery
Vegetable
Fruit
Nut based

By Distribution Channel:

Sales via Supermarkets/Hypermarkets
Sales via Online Stores
Sales via Specialty Stores
Sales via Grocery Stores
Sales via Convenience Stores

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Egg Powder Market: Seizing Opportunities in Growing Health & Wellness Trend, Investors Eye US$ 4,843.5 million Valuation by 2034 | FMI Projection

The global egg powder market is expected to be at a valuation of US$ 1,934.2 million in 2024. Egg powder sales are likely to account for roughly 5.8% of the overall protein market this year.

The worldwide demand for egg powder is projected to grow with a CAGR of 9.6% between 2024 and 2034. The global market size of egg powder by 2034, in terms of value, is forecast to be around US$ 4,843.5 million.

Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives.

Furthermore, protein powders in the market were only available in whey and casein protein which are both dairy-based protein powders, making them unsuitable for people with dairy allergies. Egg powder, on the other hand, is lactose-free, making it an excellent alternative to dairy-based protein powders for many people with dairy allergies, driving up demand for egg powder.

Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals.

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Key Takeaways from Market Study

The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period.
The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period.
North America is inferred to account for 2/5th of the global egg powder consumption through 2032
Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period

The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly.

“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” says a Future Market Insights analyst.

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Competitive Landscape

Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings.

This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities.

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Egg Powder Market By Category

By Type, Egg Powder Market is Segmented as:

Whole Egg
Egg White
Egg Yolk

By End Use, Egg Powder Market is Segmented as:

Food & Beverages
- Bakery
- Confectionery
- Sauces & Dressing
- Others
Personal Care & Cosmetics
Pharma
Dietary Supplements
Animal Feed & Pet Food
HoReCa
Others

By Sales Channel, Egg Powder Market is Segmented as:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region, Egg Powder Market is Segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Freeze-Dried Fruits Market Poised for Rapid Growth: Investors Eyeing US$ 17.82 Billion Valuation by 2033 | FMI Projection

According to Future Market Insights, the global freeze dried fruits market is expected to record a CAGR of 7.5% from 2023 to 2033 and reach a valuation of US$ 8.63 billion in 2023. In 2033, it is likely to reach a valuation of US$ 17.82 billion.

Food products continue to remain an essential commodity since the outbreak of the pandemic. According to FMI, the food and beverages in all will register above 3% CAGR in the forecast period. With consumers’ preferences changed, the demand for cost-effective yet healthy and sustainable food solutions is surging, hence, pushing sales of freeze-dried fruits and vegetables in the near future.

Various types of freeze-dried products such as freeze-dried blackberry, freeze-dried raspberry, freeze-dried pineapple, freeze-dried strawberries, freeze-dried cranberry, and others are increasingly used in confectionery, smoothies, juices, ice creams, bakeries, and other ready to eat food products.

A key factor driving the market is the prolonged shelf-life of freeze-dried fruits without any synthetic ingredients or preservatives. The rising number of confectionaries has been fuelling the demand for dehydrated forms of food like freeze-dried fruits due to their long shelf lives and diverse array of applications in healthy diets.

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Key Takeaways from the Market Report

Increasing awareness about numerous health benefits of nutritional, natural, and low carb diet, is boosting the demand for freeze-dried fruits and vegetables.
Conventional freeze-dried fruits are presently leading in the market in terms of nature as they are more enriched with natural flavor, color, and nutrient values.
Among products available in the market, whole freeze-dried fruits and vegetables are highly favored over dried or granulated.
The enhancing packaging industry along with the improving lifestyle of consumers is boosting the freeze-dried fruits industry share.
The European region will account for the majority share in the freeze-dried fruits market and is projected to grow at a CAGR of over 7.5% over the forecast period due to the presence of major manufacturers here.
North America is another dominant market region for freeze-dried fruits, with a market share of over 25%, and is set to exhibit a similar market share throughout the forecast period.
B2B is a more volume-heavy sales channel than B2C in the freeze-dried fruits market. With the expansion of markets for snacks, breakfast cereals, powdered beverages, retail (household), and others, the B2B sales channel is gaining traction. It is anticipated to continue exhibiting high growth through the assessment period.

“Manufacturers of freeze-dried fruits would gain significant profits by extensive marketing and increasing their geographic reach among end-users. The ready-to-eat, convenient food and beverage industry would also serve as a major market for freeze-dried fruits,” Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Outlook

The market is fragmented and highly competitive without any major dominant players. Freeze-dried fruits manufacturers are singling on launching a wide variety of products in order to increase their consumer base and end-user industries and gain a competitive advantage.

Top freeze-dried fruits manufacturers are The Kraft Heinz Company, Mercer Foods, European Freeze Dry Ltd., Chaucer freeze-dried, Molda AG, SARAF Foods Ltd., Watershed Foods LLC, Freeze-Dry Foods, Nestle S.A., Mondelez International, The J M Smucker Company, Olam International, OFD Foods, Ajinomoto Co., Asahi Group, and Van Drunen Farms, among others. and others.

Some of them are focusing on marketing upon various health benefits of freeze-dried fruits that are highly sought-after among consumers. For instance, European Freeze Dry has launched their new complete meal solutions for special dietary meals, weight control meals, and others with an emphasis on sport nutrition, food intolerance, emergency preparedness, and others in the recent year.

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Market Segmentation Of Freeze-Dried Fruits Market

Nature:

Organic
Conventional

Product Type:

Whole
Diced
Powdered/Granulated

End use:

Food & Beverages Products
- Breakfast Cereals
- Dairy Products
- Bakery & Confectionery
- Nutritional Bars & Supplements
- Powdered Beverages
- Snacks
Retail (household)

Fruit Type:

Berries
- Strawberry
- Raspberry
- Blueberry
- Cranberry
- Others

Exotic & Tropical Fruits
- Mango
- Papaya
- Apple
- Guava
- Banana
- Cantaloupe

Orchard & Citrus Fruits
- Kiwi
- Pear
- Peach
- Lemon
- Orange
- Grapefruits
- Others

Sales Channel:

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Store
- Food & Drinks Specialty Store
- Independent Small Grocery Store
- Online Retail

Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Middle East & Africa
Japan

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Author by:

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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Digestive Enzyme Supplements Market Set to Reach US$ 3.5 Billion by 2033 with 6.1% CAGR Growth | | FMI Projection

The digestive enzyme supplements market size is projected to be valued at US$ 1.9 Bn in 2023 and is expected to rise to US$ 3.5 Bn by 2033. The sales of digestive enzyme supplements are expected to grow at a significant CAGR of 6.1% during the forecast period.

Digestive enzyme supplements have emerged as a reliable adjuvant in the treatment of gastrointestinal disorders and other disorders caused by or characterized by mild to severe digestive function impairment.

A variety of digestive problems, including lactose intolerance, cystic fibrosis, and exocrine pancreatic insufficiency, can be effectively treated with various formulations of digestive enzyme supplements that are readily accessible in the market.

New formulations based on plant- and microbe-derived enzymes have been discovered as a result of recent advancements in therapeutics, and they hold tremendous promise for the development of the worldwide digestive enzyme supplement market.

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Key Takeaways from the Digestive Enzyme Supplements

The digestive supplement market in the US is expanding at a rate of 5.2% as a result of important product launches, increased research activity and a high concentration of manufacturers or market players, in the country.
With a revenue share of USD 113.5mn, U.K has contributed a sizeable share in the global market. The growing online sales channel and expansion of sports nutrition is proliferating market growth.
Currently, China holds dominance with a growth rate of 7.1% in Asia Pacific region. The high prevalence of chronic disorders had let regulating authorities to initiate various awareness programs which highly includes the incorporation of digestive support.
Animal derived segments dominates the market and would expand substanitialy at a CAGR of 4.9%. Increases in gastrointestinal illnesses are predicted to have a favourable effect on the segment’s growth because animal-derived digestive enzymes are one of the most effective treatments for these conditions.
Due to the increased frequency of digestive problems globally and the adoption of conventional ways for the disease’s care, conventional dietary supplements will grow exponentialy at a rate of 5.6%.
Due to rising public awareness of fitness and wellbeing, the sports nutrition industry is expected to develop at the highest pace of 9.4%. Increase in sporting events and activities will further expand market reach.

Competitive Landscape

Due to the existence of several businesses operating both internationally and regionally, the digestive enzymes market is fragmented in character. A few well-known, internationally operating as well as domestically based businesses are examined in the competitive landscape, including Zeus Biotech Limited, Klaire Labs, Amway Corporation, AbbVie Inc., and Biotics Research Corporation, among others.

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Latest Developments

The University of Illinois at Urbana-Champaign will host a clinical trial in February 2022 that Bio-Cat Inc. is funding to examine the effectiveness of a digestive enzyme combination designed to enhance protein digestion and gastrointestinal tolerance.
Mimi’s Rock Corp. announced in February 2022 that its supplements brand, Dr. Tobias, is extending the range of products it offers by adding digestive enzymes, prebiotics, and probiotics to support gut health. This move is being made in response to the rising demand for products in the digestive health sector.

Key Segments Covered in the Digestive Enzyme Supplements Market Report

By Origin:

Animal
Plant
Microbial

By Application:

Additional supplements
Medical & infant nutrition
Sports Nutrition

By Type:

Carbohydrase
Protease
Lipase
Other Enzyme Types

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

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Fertility Supplement Market: Projected to Reach US$ 4,382 Million by 2031 with 8.3% CAGR Growth | FMI Projection

The fertility supplement market has been growing with a (YoY) year-on-year growth rate of 8.3% in the year 2021 with a total of 243820 MT. The fertility supplements market is predicted to develop at a significant CAGR of 8.3% through 2031, reaching a market capitalization of USD 4,382 Mn.

According to research by the American Society for Reproductive Medicine, the male partner is responsible for infertility in roughly 40% of infertile couples, and approximately 80%–90% of these couples are treated with pharmaceuticals including fertility supplements products like herbal fertility supplements, natural fertility supplements, vegan fertility supplements, etc. As a result, boosting the fertility supplements market.

Fertility supplements business research performed by FMI covers crucial findings such as the latest developments by key producers and projected production capacity, the current pricing of various levels of the supply chain, and price optimization plan across the value chain, as well as an economic evaluation of fertility supplements manufacturing.

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“Fertility supplement market has a promising future due to the demand for the product among the consumers worldwide. The trend of having an unhealthy diet, increasing sterile cases, and willingness to have children has played important role in promoting the growth of this segment,” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways:

Because today’s lifestyle causes more harm to the ordinary person than it has ever been, the United States fertility supplements consumer market is predicted to rise at a ( compound annual growth rate) CAGR of 8.9% by the year 2031.
In 2021, Germany will have a market share of 20.9 percent in the Europe region of the fertility supplement industry, with an 8.6 percent annual growth rate over the analysis period.
India has a market share of about 42.1 percent in the South Asian region for the fertility supplements consumer market in the year 2021, with a 10.9 percent growth rate throughout the forecast timeline.
Brazil’s fertility supplements consumer market will be worth USD 77.0 million in the year 2021 and will grow with a CAGR (Compound annual growth rate) of 7.1% through 2031.
Fertility supplement product sales in China are expected to account for about 51.6 percent of the whole East Asian region of the market in the year 2021, with an annual growth rate of 7.6%.

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Way ahead for market’s growth

Owing to the increased consumer demand for fertility supplements in different regions of the world, the competition among various players is growing. Manufacturers are focusing their efforts on R&D to better segment the business scope and market and simultaneously innovate products to keep up with the competitors, such as non-GMO, organic, and so on.

Many trends like excessive smoking, unhealthy lifestyle, and rising rate of sterile cases have been major drivers for this market segment growth. Companies are working on innovation to bring products that best suits their consumers, have no harmful reactions and are safe for consumption with the best effect towards fertility. Owing to the introduction of new products and technological advancements such as fitness trackers, nutrition trackers, and others in the medical and healthcare industry, the natural fragment of the fertility supplements consumer market is valued at US$ 1,057.3 Mn and is expected to grow at a rate of 56.7 percent by the year 2031. Increased use of plant-extracted products to maintain a healthy lifestyle and reduced risk of adverse reaction is estimated to propel the growth of this segment even further.

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Market Segments Covered in Fertility Supplements Industry Analysis

By Type :

Capsules
Soft gels
Powders
Liquids
Others

By Form :

Natural
Synthetic
Blend

By End User :

Men
Women

By Sales Channel :

Over the counter
Prescribed

Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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Nutritional Ingredients in Animal Feed Market to Reach US$ 93.2 Billion by 2022, Fueled by Rising Meat Consumption and Livestock Industry Expansion

As indicated by a new study by Future Market Insights (FMI), the market is receiving impetus from the rising per capita consumption of meat products in developing regions, and the consequent expansion of the livestock industry. The global nutritional ingredients in animal feed market is expected to reach a market valuation of USD 93.2 Bn by the year 2022, accelerating with a CAGR of 7.1% by 2022-2032.

The demand for more animal productivity drives the nutritional components industry in animal feed. Animals are a source of food and an important part of the food chain, thus their diet must be balanced to ensure their health and survival. The worldwide food industry is predicted to be a major driver of the market’s expansion. However, due to a lack of information and the high expense of the feed, farmers may be forced to utilize less expensive alternatives. This could be a big stumbling block to the market’s expansion. With the support of research and development, product variations might supply the market with enormous potential opportunities.

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Key Research Findings of FMI’s Nutritional Ingredients in Animal Feeds Market Study

Soybean meal in animal feeds will continue to account for a majority of the market revenue.
Key players are expected to invest in the development of new microbial strains to bolster immune function in animals and attain an edge on the competition.
North America continues to lead the global market, owing to a major livestock industry.
Europe and Latin America will display steady growth with rising demand for animal products.

Key Growth Drivers – Nutritional Ingredients in Animal Feeds Market

Expansion of the livestock feed industry and aquaculture in developing countries is driving the growth of nutritional ingredients in the animal feeds market.
Rising per capita meat consumption figures is a key factor shaping popularity of nutritional ingredients in animal feeds market.
Restrictions on the use of antibiotics and growing awareness about animal health among pet owners broadens their scope of adoption.

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Key Impediments – Nutritional ingredients in animal feeds Market

High costs related to the production and sale of animal feeds in different countries continues to be a major restraint for the growth of the nutritional ingredients in animal feeds market.
Lack of awareness among a large number of potential end users will remain a key impediment facing manufacturers of nutritional ingredients in animal feeds.

Competition Structure Analysis – Nutritional Ingredients in Animal Feeds Market

Competition landscape of the global nutritional ingredients in animal feeds market will primarily remain influenced by investments in vertical integration of businesses to fend off competition. Chinese companies in particular have been displaying high levels of competitiveness. Smaller companies and venture capitalists will be seen as one stop solutions for consumers to gain an edge over the competition. The development of novel microbial strains and a widening product portfolio marks a significant trend that would shape up the competition in the near future.

Some of the key participants in global nutritional ingredients in animal feeds market that are profiled in this Future Market Insights’ report, which include but are not limited to, Altech Corp., BASF SE, Barentz, and Ingredion Inc.

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Nutritional Ingredients in Animal Feed Market by Category

By Source, Nutritional Ingredients in Animal Feed Market is segmented as:

Corn
Wheat
Soyabean Meal
Fish
Oats
Alfalfa
Others

By Nutrition Type, Nutritional Ingredients in Animal Feed Market is segmented as:

protein
vitamins
Amino Acid
Enzymes
Acidifiers
Antibiotics
Antioxidants

By Animal Type, Nutritional Ingredients in Animal Feed Market is segmented as:

Poultry
- Chicken
- Turkey
- Ducks
- Others
Cattles
- Cow
- Sheep
- Hoarse
- Goat
- Pig
- Others
Fish
Others

By Region, Nutritional Ingredients in Animal Feed Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

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Health and Wellness Trends to Promise a Bright Future for Lactose Free Dairy Product Players: FMI Sheds Light on the Possible Market Scenario

The global lactose free dairy product market value is expected to rise from US$ 13,874.30 million in 2024 to US$ 23,983.50 million by 2034. This market is analyzed to expand at a CAGR of 5.60% over the next decade.

Global demand for lactose free dairy products is picking up as consumers seek alternatives that better align with their nutritional requirements. The market is largely driven by an increasing lactose-intolerant population. Significant potential in this market is compelling players to innovate new lactose-free dairy products, adopt sustainable packaging solutions, and refine their manufacturing processes.

Health-conscious consumers are increasingly turning to lactose-free dairy products as they contain minerals and vitamins like vitamin D and calcium that are critical for bone health. Additionally, lactose-free alternatives are typically lower in saturated fats and calories, which is raising its appeal among people who intend to control their weight.

“Key players are expected to focus on the accessibility of lactose free dairy products by partnering with local distributors and retailers. Additionally, leading firms are employing targeted marketing efforts to establish themselves in new territories,” says Nandini Roy Choudhury, Client Partner at Future Market Insights

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Key Takeaways from the Lactose Free Dairy Product Market Report

The lactose free dairy product industry expanded at a steady rate of 5.23% CAGR from 2019 to 2024. At the beginning of the historical period, the market was worth US$ 11,235.40 million. Fast forward to the present year, i.e., the market holds the potential to go beyond the US$ 13,874.30 million valuation.
Main earnings generated in the lactose free dairy product industry are from the milk segment, which is expected to hold a sizeable 34.2% share in 2024.
Liquid lactose free dairy products are predominantly consumed by customers. Latest FMI estimates display that the liquid form is forecast to achieve 45.3% in 2024.
In developed countries like Germany and the United States, the consumption of lactose free dairy products is predicted to rise at CAGRs of 6.6% and 5.2%, respectively, in the assessment period.
In developing countries, like India and China are the promising markets for lactose free dairy products. India is predicted to surge at an 8.4% CAGR, while China is forecast to record 7.1% CAGR.

Competitive Landscape

Key players are driven to experience growth by collaborating with leading companies that also share the goal of a greener tomorrow. In this regard, many firms are turning to precision fermentation to not compromise product quality and continue developing products as per evolving customer demands for the planet’s future. Precision fermentation reduces GHG emissions, blue water usage, and non-renewable energy use as opposed to conventional production methods.

Industry participants are strategizing for a widened scope by venturing into new territories. This includes careful planning and implementation of product release in additional cities outside the initial launch location. This way brands can seize a bigger market share and connect with a large audience base. To extend the product’s offering to different cities, key players are using targeted marketing efforts to ascertain an impactful and successful entry into each new territory.

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Latest Product Releases

In February 2024, Perfect Day, which is a leading innovator and supplier of precision fermentation, partnered with Unilever’s Breyers to release Breyers lactose-free chocolate formed with Perfect Day’s dairy protein from fermentation. This product offers customers the same indulgent experience they have loved for decades sans lactose and a diminished environmental footprint.
In August 2023, Skyrrup introduced lactose-free Greek Yogurt for yogurt lovers. This yogurt is made from A2 cow milk and contains 7.5 grams of protein content, which not only offers the necessary nourishment but also tantalizes the senses. The firm deftly blends protein power with incredible benefits, thus offering a convenient and delightful way to focus on health.

Lactose Free Dairy Products Market by Category

By Product Type:

Milk
Condensed Milk
Milk Powder
Yogurt
Ice cream
Cheese
Other Products

By Form:

Liquid
Semi-solid
Powder

By Nature:

Organic
Conventional

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

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Non-Fat Dry Milk Market Set for Steady Growth, Forecasted to Reach US$ 11.3 Billion by 2033 | FMI Projection

The non-fat dry milk market is anticipated to expand steadily between 2023 and 2033, with a predicted CAGR of 3.1%. The estimated market worth is expected to rise from US$ 8.4 billion in 2023 to US$ 11.3 billion by 2033.

This development can be attributed to several crucial factors shaping market dynamics. Non-fat dry milk finds extensive application in the expanding market for functional foods and beverages due to its adaptability and ability to enhance nutritional value. The increasing popularity of plant-based diets has also driven the growth of non-dairy alternatives like non-fat dry milk, providing consumers seeking lactose-free or vegan products with a viable choice.

With increasing health and nutrition awareness, consumers are actively seeking low-fat or non-fat food options. Non-fat dry milk provides a viable solution for those who want to reduce their fat intake while still enjoying the benefits of dairy products. This health-conscious trend contributes to the higher adoption of non-fat dry milk, benefiting the market.

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The longer shelf life of non-fat dry milk makes it an attractive choice for food manufacturers looking to improve their product’s stability and reduce waste. This advantage allows manufacturers to stock up on non-fat dry milk and plan production schedules more efficiently, leading to cost savings and enhanced supply chain management.

Key Takeaways

United States Leads the Pack: With a commanding 30.4% market share, the United States dominated the non-fat dry milk industry in 2022. This product’s popularity stems from its adaptability, extended shelf life, and the increasing customer preference for healthier dairy alternatives. As a result, there is a high demand for this product across the nation, reinforcing its strong market position.
Germany Displays Strong Development: With an 8.6% market share in non-fat dry milk in 2022, Germany is on a solid development trajectory. The nation’s commitment to producing environmentally friendly and high-quality dairy products has contributed to the steady growth of this market. Additionally, the increasing trend of using non-fat dairy alternatives in various food applications further fuels the demand for these products in the country.
Japan Investigates Non-fat Options: Japan’s 4.1% market share in 2022 indicated a surging interest in non-fat dry milk. The demand for low-fat products is on the rise in Japan as consumers increasingly prioritize healthy options and actively seek dairy substitutes. This trend is consistent with the nation’s changing food culture and the pursuit of healthy eating practices.
Health Awareness Fuels Demand in Australia: Australia’s 2.3% market share in 2022 showcases the nation’s strong inclination towards health trends, reflected in the growing demand for healthier dairy products like non-fat dry milk. With health-conscious customers on the rise and an increasing preference for low-fat and non-fat goods, the country’s demand for non-fat dry milk is steadily increasing.
Potentials are Visible in China and India: With a CAGR of 2.5% and 3.8%, respectively, China and India show great potential for non-fat dry milk. These developing markets are observing a change towards better dietary options, such as low-fat dairy substitutes. In the coming years, both China and India hold significant promise for non-fat dry milk producers, driven by their large populations and increasing disposable incomes.

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Competitive Landscape

The non-fat dry milk industry is moderately competitive, driven by several significant factors. One key aspect is the continuous market expansion, which attracts new players and intensifies competition among existing ones. As the demand for functional foods and beverages grows, the significance of non-fat dry milk as a crucial component further amplifies the competitive environment.

Cargill

A global leader in agricultural goods and food ingredients is Cargill. They provide various non-fat dry milk products in high, medium, and low heat options. Due to their large product selection, global presence, and dedication to quality, Cargill is a formidable rival.

FrieslandCampina

Dutch dairy cooperative FrieslandCampina is based in the Netherlands. They are among the biggest dairy producers in the world and provide a variety of non-fat dry milk. Due to its great brand recognition, a wide range of products, and dedication to sustainability, FrieslandCampina is a formidable rival.

Lactalis

The dairy manufacturer Lactalis is based in France. They are among the biggest dairy producers in the world and provide a variety of non-fat dry milk. Due to their large product selection, global presence, and dedication to quality, Lactalis is a formidable rival.

Arla Foods

A Danish dairy cooperative, Arla Foods. One of the biggest dairy enterprises in Europe, they provide a variety of non-fat dry milk. Due to its well-known brand, a wide range of products, and dedication to sustainability, Arla Foods is a formidable rival.

Key Developments

In August 2021, Aadvik Foods, the pioneering brand in India that introduced the camel milk industry, unveiled a new product: Donkey non-fat dry milk. By adding this product to its portfolio, the company enhances its distinctive range, which already includes raw camel milk powder, frozen camel milk, goat milk powder, frozen goat milk, and more.
In May 2021, Lactalis Ingredients broadened its milk powder selection by introducing a fresh addition – organic whole, non-fat dry milk. This milk is sourced solely from French dairy farms that adhere strictly to the standards of organic farming. These stringent organic specifications ensure a product that is entirely free from neutralizing agents, antibiotics, preservatives, and other additives.

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Non-Fat Dry Milk Market By Category

By Product Type:

High-heat
Medium-heat
Low-heat

By Sales Channel:

Modern Trade
Traditional Grocery Store
Convenience Stores
Online Channels
Direct Sales

By Application:

Home Reconstitutions
Dairy Whiteners
Bakery and Confectionery
Desserts
Ice-cream
Dairy Blends
Snacks
Nutritional Supplements

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

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