Global animal feed sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Poultry Feed Market Analysis & Forecast The global poultry feed market size was valued at 555.9 million tons in 2022, growing at a CAGR of 2.6% from 2023 to 2030. Poultry is considered as one of the most economical sources of protein, therefore, poultry products such as egg and meat are consistently witnessing growth in their demand. The market is likely to witness strong growth owing to increasing demand for protein-rich diet and increased production of feed across North America. The presence of well-established industry is another major driver triggering the product demand and, in turn, the overall market growth. The market is fragmented and competitive with the presence of major global players. In the U.S., nearly 35 companies (federally inspected) are engaged in raising, marketing, and the processing of chicken. These companies are vertically integrated throughout the poultry value chain to ensure the quality of feed product. Brazil, the U.S., India, Mexico, Colombia, Thailand, and Russia registered the highest growth rate, in terms of chicken production, between 2014 and 2018. Demand for poultry products heavily depends upon the population and income factor. According to the Food and Agriculture Organization (FAO), the consumption of milk, eggs, and meat in low and middle-income economies increased by more than 300% in the last 30 years. Access the Global Animal Feed Industry Data Book from 2023 to 2030, compiled with details by Grand View Research Cattle Feed Market Analysis & Forecast The global cattle feed market size was valued at 240.0 million tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. Growing concerns of farmers regarding the yield and cattle health have resulted in high demand for high-quality ingredients and additives across the globe. According to the Veterinary Feed Directive (VFD), antibiotics in feed without a prescription from VFD should be avoided owing to infectious agents present in them. Thus, as a replacement, ingredients like ionophores, prebiotics, probiotics, and enzymes are used as feed additives. Ionophores like Rumensin and Bovatec improve feed efficiency and reduce the risk of bloat and acidosis. XPC, Fermenten are some of the major products used to enhance productivity, minimize infections, and provide better immune to cattle. Thus, the cattle feed segment has tremendous growth opportunities due to a rise in the customization of meat and dairy products. Swine Feed Market Analysis & Forecast The global swine feed market size was estimated at 310.1 million tons in 2022 and is expected to expand at a CAGR of 3.3% over the forecast period. Increasing awareness among consumers concerning the quality of pork is compelling swine farmers to utilize additives that keep swine healthy as well as immune to diseases and disorders. Also, the use of enhanced additives is expected to reduce the occurrence of infections as well as illnesses in swine, thereby contributing to the increasing demand for the product worldwide. Manufacturers in the market are constantly evaluating techniques to enhance growth performance as well as lower product costs. Physical forms, such as mash, crumbles, and pellets, play a crucial role in determining the quality and yield of pig meat. Rising urbanization and establishment of fast food restaurant chains are expected to augment the demand for pig meat. The trend is becoming increasingly prevalent in the emerging economies of Asia Pacific including China, India, and Malaysia. Population growth is another key factor that is expected to drive meat consumption globally. These factors together are expected to augment the demand for animal proteins, which, in turn, is likely to propel the demand for the product and additives over the forecast period. Aquafeed Market Analysis & Forecast The global aquafeed market size was valued at 40.7 million tons in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. The growth is majorly driven by the rising consumption of aquafeed by species like carp, catfish, salmon, and shrimps, among others due to its rich protein content. The future of the global market is dependent on the increasing acceptance of aquafeed, which contains essential oils, feed acidifiers, natural extracts, and palatants, which are important for aquaculture species in their overall growth across each stage of development. The widespread fish mortality due to various infections, which are caused by parasites is driving the product demand. These feed products are consumed by various fish species, such as catfish, salmon, trout, tilapia, shrimps, largemouth bass, and eel. These feeds for aquatic species are a source of omega-3 fatty acids and proteins. It improves the nutritional value of feed and offers several other benefits like improved growth rate, reduced mortality of various aquatic species, digestibility of proteins, and enhanced immune system. The COVID-19 pandemic had crippled the economies of the world and severely impacted the supply chain across key industries. The distribution of raw materials for aquafeed was affected by the pandemic due to which its production was hampered. In addition, strict lockdowns were imposed to curb the spread of the virus. Due to this, many manufacturing and production units were closed. Furthermore, there were rumors of transmission of the virus through poultry, which, in turn, hindered market growth. Order Free Sample Copy of “Animal Feed Industry Data Book - Poultry Feed, Cattle Feed, Swine Feed, Aquafeed and Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” published by Grand View Research Pet Food Market Analysis & Forecast The global pet food market size was valued at 31.8 million tons in 2022 and is anticipated to exhibit a compound annual growth rate (CAGR) of 3.6% from 2023 to 2030. The global pet food products have witnessed substantial demand over the past few years owing to the advent of online purchasing and notable contribution of e-commerce in shaping and strengthening the industry. Trends influencing the growth of this industry include launches of new products, online private brands, treats, and novel technologies. Consumers do not prefer traditional products for their pet’s consumption. They try to comprehend the ingredients list and usually opt for healthier available alternative in the market. Consumers prefer made-to-order, frozen, and fresher meals for their pets. Although these types are comparatively expensive, customers are willing to pay more for healthy items for the consumption for their household pets. The outbreak of COVID-19, which has led to the closure of factories, production units, and manufacturing sites globally, there has been significant decline in the global demand for pet food ingredients and raw materials. Due to the ongoing pandemic, several production plants have been completely or partially shut down while others are running at reduced rates, which may result in a supply-demand gap globally. Key players operating in the animal feed industry are – • J.M. Smucker Company • The Hartz Mountain Corporation • Mars, Incorporated • Hill’s Pet Nutrition, Inc. • Nestlé Purina • LUPUS Alimentos • Total Alimentos • General Mills Inc. • WellPet LLC
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Global white spirits industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research. Rapid urbanization, growing population, and rising per capita income of consumers are the key factors driving the market’s growth in the Asia Pacific region. North America and Europe emerged as the major regional markets due to the shift in consumer preferences from beer and ciders to spirits. High consumption of alcohol in countries is expected to boost market growth in the Middle East and Africa. Access the Global White Spirits Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies. Vodka Market Report Highlights The global vodka market size was estimated to reach USD 35.94 billion in 2022 and is expected to expand at a CAGR of 6.2% over the forecast period. Millennials have accounted for a significant percentage of alcohol drinkers in the recent past and this trend is anticipated to continue over the forecast period. Millennials have accounted for a significant percentage of alcohol drinkers in the recent past and this trend is anticipated to continue over the forecast period. The generation exhibits significant purchasing power and represents a major demographic for the alcoholic beverages market as they form a major percentage of consumers frequently visiting restaurants and pubs. As a result, they appear to be the most powerful buyers of various food and drink items, including vodka. Vodka-based Ready to Drink (RTD) beverages such as pre-mixed cocktails, spirits, and hard seltzers are witnessing a huge increase in new product development, which is expected to drive the market. For example, in March 2022, under the Svedka brand, Constellation Brands launched a canned vodka line. The Tea Spritz line is described as a spirit-based hard seltzer that combines real tea, sparkling water, and natural tropical fruit flavors and is available in three flavors: Orange Mango, Pineapple Guava (both of which include turmeric), and Raspberry Kiwi. Unlike beer and wine, vodka consumption at restaurants and bars has been growing. The growth is expected to continue outpacing on-premise consumption. With consumers' return to bars following the COVID-19 disruptions, vodka's on-premise consumption has been fueled, and this trend is anticipated to continue. According to IWSR Drinks Market Analysis in 2019, total vodka on-premise sales increased by 5.9% in the U.S. Grey Goose, for example, saw a 181% increase in on-premises sales in 2021, presenting lucrative opportunities for premium vodka manufacturers. The flavored segment is anticipated to witness the fastest growth rate during the forecast period owing to the growing demand for high-end flavored vodka, especially among the millennial population. key companies are trying to offer a variety of vodka products and pioneer the ‘ready-to-shake’ drinks category. The newly launched product line includes the ‘Whisky Sour’ with DEWAR’S Blended Scotch whisky, ‘Rum Daiquirí’ made with BACARDÍ rum, and the ‘Espresso Martini Cocktail’ and ‘Passion Fruit Martini Cocktail’ made with 42BELOW vodka. With such initiatives The off-trade segment is expected to register significant growth during the forecast period owing to the discounts and promotional offers provided by the retail outlets. The ease of accessing different varieties of alcohol at the outlets is expected to notable growth during the forecast period. Asia Pacific is expected to register a significant CAGR of 6.1% during the forecast period. Asia Pacific is one of the leading markets for vodka owing to increased spending from people on better quality beverages in the region. In China, there has been a well-documented shift to buying alcohol online since the start of the pandemic. According to the study published by IWSR, the data shows that from 2019-2020, the value of China’s alcohol e-commerce sector grew by approximately 20%. The increased penetration of online sales of alcohol in China is driving the growth of the vodka market. Order your copy of Free Sample of “White Spirits Industry Data Book - Vodka, Rum and Gin Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research Rum Market Report Highlights The global rum market size was estimated to reach USD 7.94 billion in 2022, registering a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Rum is one of the most consumed beverages in all spirits, and consumers are highly inclined towards flavored and premium alcoholic beverages. Factors such as the growing urban population coupled with rising per capita income, consumers’ willingness to pay for premium brands, and younger generations increased footprints in places like nightclubs, pubs, and bars are expected to propel the market growth. The high demand for flavored and spiced rums observed in recent years is driving the growth of the overall market. Rum is also extensively used for shakers, drink mixes, and cocktails thereby driving its demand among consumers. For instance, as per Wine and Spirit Trade Association in 2020, rum was declared the “drink of lockdown” owing to the availability of flavor-infused varieties. The change in consumer tastes and the growing demand for small-batch, handcrafted rum with darker/bolder flavor profiles are contributing to the growth of the market. For instance, Ron Zacapa 23 is made with brown sugar and hints of chocolate and caramel. This expression blends six to 23-year-old rum using the solera process, which combines younger and older liquids in oak casks. Such flavors have a higher preference among regular rum drinkers. Technology-driven trends in the aging process of the product have changed consumer preferences to a considerable extent. Consumers largely opt for aged rum with darker and bolder flavors. The trends in product sales are largely driven by brand awareness, shopping frequency, and expenditure capability of different buyers. The purchasing habits of younger consumers are often influenced by the price point and brand position. A key observation in the buying behavior of millennials is the preference for brands available on online platforms, after comparing price and style. The market growth is anticipated to be driven by the positive health associations linked to moderate consumption. When consumed in limited amounts, rum is believed to offer various health benefits, including promoting a healthy heart, aiding in the fight against common colds, and potentially benefiting individuals with diabetes by helping to lower blood sugar levels. Gin Market Report Highlights The global gin market size was estimated to reach USD 13.49 billion in 2022, registering a CAGR of 5.9% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the gin market can be attributed to several key factors that have contributed to the increasing popularity of gin. One such factor is the rising demand for gin cocktails, which have become a favored choice among consumers. Additionally, there is a noticeable increase in the preference for premium spirits, driving the expansion of the gin market. This trend of "premiumization" is particularly appealing to younger consumers who possess more refined palates and actively seek out unique and high-quality alcoholic beverages. Moreover, consumers are becoming more conscious of their health and are increasingly aware of the potential benefits associated with consuming gin. This growing awareness has played a role in boosting market growth as gin is perceived to have certain health advantages. To cater to evolving consumer preferences, the alcoholic beverage industry has embraced the use of natural ingredients. By incorporating natural flavors, these beverages are enhanced both in terms of functionality and overall appeal. This emphasis on natural flavors has gained significant popularity within the industry, as it preserves the authentic taste and rustic charm of gin. Consequently, gin has become a favored choice for creating high-quality drinks, prominently featured on on-trade counters. Go through the table of content of White Spirits Industry Data Book to get a better understanding of the Coverage & Scope of the study. Competitive Landscape Key players operating in the White Spirits Industry are – • Diageo plc • Rémy Cointreau • Bacardi Limited • Pernod Ricard • Beam Suntory, Inc. • Radico Khaitan • Stock Spirits Group • Hite Jinro Co Ltd • Constellation Brands Inc • MIGUEL TORRES SA • Brown‑Forman • Proximo Spirits, Inc. • Distell Limited • Suntory Beverage and & Food Limited • Alberta Distillers, LTD • William Grant & Sons • San Miguel Food and Beverage, Inc. • DESI DARU LTD • AMBER BEVERAGE GROUP • JACOB RIEGER & CO.
Fertilizer industry data book covers nitrogenous, potassic, phosphatic, foliar, water-soluble, biofertilizers, and fertilizer additives markets. The global market is expected to grow at a CAGR of 1.2% from 2022 to 2030. Global industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. Access the Global Fertilizer Industry Data Book from 2023 to 2030, compiled with details by Grand View Research Nitrogenous Fertilizers Market Growth & Trends The global nitrogenous fertilizer market is estimated to register a CAGR of 1.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growth can be attributed to the increasing awareness amongst farmers regarding maintaining nutritional balance in the soil. Increasing population across the globe has generated the need to improve the annual crop yield to feed the population, which has boosted the agriculture sector across the globe. Hydrogen and nitrogen are the major raw materials used for manufacturing nitrogenous fertilizers. Nitrogen is required in large quantities by plants and is the primary nutrient in fertilizers. Hydrogen is a crucial component of ammonia, which is an important ingredient in numerous fertilizers. Nearly all commercial-scale ammonia incorporates nitrogen and hydrogen. Raw material Availability impacts nitrogenous fertilizer prices and production. Key manufacturers are investing profoundly in R&D activities for launching new products and broadening their product portfolios. Major players in the market are increasing the reach of their products to a larger consumer base by setting up retail outlets at strategic locations in various countries to support farming communities in the respective localities. The Asia Pacific is expected to register significant growth in the coming years owing to the presence of numerous agrarian economies such as China, India, Indonesia, and others in the region. India and China are expected to lead the nitrogenous fertilizer market over the forecast period. Biofertilizers Market Growth & Trends The global biofertilizers market is estimated to register a CAGR of 6.0% from 2022 to 2030, according to a new report by Grand View Research, Inc. Rising demand for organically produced food products across emerging economies backed with growing economic stability is the key boost to the marketspace. Organic food products are naturally-derived without utilizing any food additives or synthetic chemicals. Key contributors to the organic food market include organically produced meat and dairy products, organically cultivated fruits and vegetables, and naturally-derived beverages, which include both alcoholic as well as non-alcoholic beverages. Growing consumer preference for healthy eating habits globally coupled with rising disposable income levels of individuals in the emerging economies of Asia Pacific, including Indonesia, Japan, India, and Thailand, is projected to boost the demand for organic food and beverage products in the region. Further, according to the Research Institute of Organic Agriculture, number of organic farmers has grown significantly since 2000 due to the constant efforts undertaken by government agencies and agricultural and environmental authorities globally. The government to raise awareness about the benefits of switching to organic harvesting and incentives to promote sustainable farming practices. The largest market for organic food retail sales in 2017 and 2018 was the U.S. followed by Germany, France, China, and Italy, respectively. Growing acceptance of organic-based farming techniques and consumer inclination toward organic food are anticipated to drive the demand for organic fertilizers in the foreseeable future. Order your copy of Free Sample of “Fertilizer Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research Water-soluble Fertilizers Market Growth & Trends The global water soluble fertilizers market is estimated to register a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for the product as they improve crop quality and increases crop production output significantly will augment market growth over the forecast period. Increasing crop production in countries including China, India, the U.S., Indonesia, Brazil, Japan and Mexico on account of growing population will drive industry size over the next eight years. Decreasing availability of arable land is expected to fuel the product demand over the forecast period. Horticultural crops are projected to show significant revenue gains at a CAGR of 6.8% from 2016 to 2024 owing to rising consumption of fruits, vegetables, spices and medicinal plants. Moreover, rapid economic development, government support, advancements in fertilizer manufacturing is anticipated to propel market demand. Fertilizer Additives Market Growth & Trends The global fertilizer additives market is estimated to register a CAGR of 2.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. Decreasing per capita arable land and rising population density has resulted in increased demand for fertilizers in the agriculture sector, which in turn has boosted the growth. The growing fertilizers industry and limited availability of farmland are the key drivers for the global market. However, harmful effects of fertilizers on environment along with lack of awareness & availability of the product in underdeveloped economies is expected to have a negative impact on the industry. The Asia Pacific was the largest fertilizer additive market in 2018 and accounted for 53.1% of the volume share. The robust growth of the agriculture sector in this region is one of the main factor driving the industry. In countries like India and China, the population explosion has significantly impacted the agriculture sector. China is one of the developed countries in the Asia Pacific region with a constantly growing agricultural sector and advancements in terms of innovations and new technology development. Due to the population explosion, the amount of arable land in China has reduced severely over the past two decades. This factor has increased the demand for fertilizers, resulting in the growth of the additives market. Go through the table of content of Fertilizer Industry Data Book to get a better understanding of the Coverage & Scope of the study. Competitive Landscape Fertilizer markets across the globe returned to making profits in Q2 2022. This is followed by a supply squeeze of essential crop nutrients in the wake of the Russian invasion of Ukraine. Sanctions on Belarus and Russia, which are amongst the top producers of potash behind Canada, a key nutrient of potassium fertilizers, led to an increase in the mineral’s prices to levels registered back during the 2008 food crisis. The sanctions left a 35% void in the global output of potash. Key players operating in the Fertilizer Industry are – • Nutrien • CF Industries • Mosaic • Yara International • Omnia Holdings • Bunge Ltd. • Sorfert • Waitaki Bo. • Sasol • OCI Nitrogen • Koch Fertilizer LLC • Coromandel International • Haifa Chemicals • Novozymes • CBF China Bio-Fertilizer • Symborg • Antibiotice • Israel Chemical Ltd. • Hebei Moband Global pet food sector database is a collection of market sizing information & forecasts, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Access the Global Pet Food Industry Data Book, 2023 to 2030, Compiled Report By Grand View Research Cat Food Market Report Highlights The global cat food market size is growing at a CAGR of 3.8% during the forecast period, as per a new report by Grand View Research, Inc. • The market is estimated to advance at a CAGR of 4.4% from 2023 to 2030. This is attributed to the increase in pet obesity, the rise of nuclear families, the humanization of pets, growing awareness of pet health, and regulatory limitations on pet food manufacturing • The dry food type segment is anticipated to grow at a CAGR of 4.4% from 2023 to 2030. This is attributed to its long shelf life. Due to its low moisture content, dry food is less likely to spoil or attract pests, which means that it can be stored for a longer period without issue • The online distribution channels segment is expected to witness significant growth from 2023 to 2030. This is attributed to convenient, simple, and efficient ways to access high-quality products. Online stores offer a range of options for pet owners, including premium and specialty cat food brands that may not be available in traditional retail stores • Asia Pacific is expected to emerge as the fastest-growing region with a CAGR of 5.2% from 2023 to 2030. This is attributed to the growth in disposable income and rapid urbanization. Furthermore, the shift toward smaller households may also contribute to the rise of pet ownership including cats in Asia Pacific, as pets provide companionship and emotional support to individuals • Moreover, companies are involved in mergers, acquisitions, and product innovations to cater to the market. For instance, in 2022, Diamond Pet Foods announced the completion of its new manufacturing and distributing unit in Rushville, Indiana with an investment of USD 260 million by 2024 Dog Food Market Report Highlights The global dog food market is expected to expand at a CAGR of 4.4% from 2023 to 2030. • The dry food segment is estimated to register the fastest CAGR of 5.2% from 2023 to 2030 due to several advantages, such as cost-efficiency, convenience, nutritional balance, modern and novel formulations, and longer shelf life • The online sales channels segment is expected to record the fastest CAGR from 2023 to 2030. The online sales of dog food are propelled by the busy lives people lead, the convenience of user-friendly websites/apps, and the easy availability of products • Asia Pacific is estimated to emerge as the fastest-growing region with a CAGR of 5.8% from 2023 to 2030 due to swiftly changing lifestyles and rapid urbanization, which has led to changes in lifestyles, where smaller living spaces and busy schedules make it more convenient for pet owners to opt for commercial dog food over homemade alternatives • Fluctuations in the cost of raw materials used in dog food production, such as meat, grains, and vegetables, can impact the pricing of finished products. High raw material costs may result in higher retail prices, which can deter price-sensitive consumers Order your copy of Free Sample of “Pet Food Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” published by Grand View Research Competitive Landscape The competitive landscape of the pet food market is moderately consolidated with the presence of multinational companies striving to fulfill high demand from large customer and end-user base. Key industry players are increasingly embracing innovative marketing strategies and leveraging advanced technologies to enhance their revenue generation and expand their customer base in the foreseeable future. Key players operating in the Pet Food Industry are – • The J.M. Smucker Company • The Hartz Mountain Corporation • Mars, Incorporated • Hill’s Pet Nutrition, Inc. • Nestlé Purina • LUPUS Alimentos • Total Alimentos • General Mills Inc. • WellPet LLC Flavors & Fragrances Industry To Rise Due To Increasing Disposable Income In Developing Economies9/15/2023 Flavors & fragrances industry data book covers natural flavors & fragrances and aroma chemicals market. The economic value generated by the flavors & fragrances industry was estimated at approximately USD 23.35 billion in 2021, is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. Grand View Research’s flavors & fragrances industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book. Natural Flavors & Fragrances Market Insights The global natural flavors and fragrances market was valued at USD 8,510.4 million in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. The growth is driven by the growing demand for the product in convenience food and packaged food items. The industry growth was hampered amid the COVID-19 pandemic, as there were several restrictions on the import and export of chemicals coupled with quarantine and lockdown measures acting as some of the key barriers faced by several product manufacturers. The pandemic directly impacted people’s choices, lifestyles, preferences, health, and well-being. Oleoresin products include paprika, black pepper, capsicum, turmeric, ginger, garlic, onion and others. The ability of oleoresins to enhance the taste, color, flavor, and shelf life of the final product is expected to fuel the demand. Each ingredient is utilized based on its properties. For instance, the rising demand for colorants coupled with natural spices has propelled the demand for paprika across the world. Paprika oleoresins are extensively used in food industry as natural flavoring, also find its usage in meat products, cheese, popcorn oil, and cheese food coatings. Europe dominated the global market with the highest revenue share of 28.04% in 2021. This is attributed to the increased popularity of ethnic cuisines and growing awareness regarding less sodium intake. Countries, such as the U.K., Germany, Spain, and France, are characterized by the presence of a well-developed food industry, which is the most significant end-user for the product. The presence of advanced end-use industries coupled with growing awareness regarding the benefits of essential oils is estimated to provide significant growth potential for the Europe regional market. In addition, the German economy is considered diverse and is the largest economy in Europe. Order your copy of the Free Sample of “Flavors & Fragrances Industry Data Book - Natural Flavors & Fragrances and Aroma Chemicals Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research Aroma Chemicals Market insights The global aroma chemicals market size was valued at USD 15,639.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% from 2023 to 2030. The growth is attributed to increased consumption of flavors & fragrance products in the cosmetics & toiletries, soaps & detergents, and food & beverages industries. Aroma chemicals are witnessing an increase in demand owing to the growing application scope in key end-use industries such as dairy, cosmetics & toiletries, soaps & detergents, fine fragrances, convenience foods, bakery foods, and confectionery. Moreover, increasing demand for low calories drinks and growth in the beverages market, are the major factors driving the growth of the industry. Flavors being a prominent factor in taste in edible products, aroma chemicals are utilized to augment the taste in beverages and processed food. Increasing demand for health and wellness foods, regulation, and the ban on the use of some synthetic flavors are triggering the growth of natural aroma chemicals. The suitability of natural flavors in wider applications, additional health benefits of certain natural flavors, and advanced technological innovation are the key factors driving the market growth. Aldehydes are formed owing to partial oxidation of primary alcohols to form carboxylic acids when they are furthermore oxidized, aldehydes differ in term of structure bond angles and smell. Aldehydes aroma relies on the structure and the size of the bond. The most common type of aldehydes used in the fragrance and the flavor industry is fatty aldehydes which tend to have a very pleasant odor with a fruity or floral scent which is detected even in very low conditions. Asia Pacific dominated with a revenue share of 30.80% in 2021. This is attributed to the increased demand for fragrances and flavors in developing countries such as India. Asian flavors and fragrances have gained high popularity in major regions such as North America and Europe. Pakistan, China, Taiwan, the Philippines, and South Korea have emerged as prominent fragrance markets, whereas China, India, Australia, and Southeast Asian countries including Indonesia, Vietnam, and Malaysia are among the prominent food flavor markets in the region. In terms of revenue, the U.S. holds a significant share in the North America aroma chemicals industry, which is expected to grow over the forecast period owing to the rising demand for aroma chemicals from the cosmetics & personal care industry. Low-fat food & beverage products require additional flavors to augment the taste of the final product. The high prevalence of obesity in the U.S. and growing demand for low-calorie food are likely to boost the demand for a variety of flavors, which is anticipated to drive the demand for aroma chemicals. Go through the table of content of Flavors & Fragrances Industry Data Book to get a better understanding of the Coverage & Scope of the study. Flavors & Fragrances Industry Data Book Competitive Landscape Though the COVID 19 pandemic led multiple chemical manufacturers to witness a decline in sale of their products, The flavors & fragrance sector was less affected by the same. The major players in the business, namely, Givaudan and Symrise, witnessed an increase in sales while the International Flavors & Fragrances saw a slight decline in the revenue. Key players operating in the flavors & fragrances industry are – • Givaudan • Symrise AG • International Flavors & Fragrances Inc. (IFF) • Biolandes SAS • Young Living Essential Oils • dōTERRA International • Falcon Essential Oils • Flavex Naturextrakte GmbH • Universal Oleoresins • Synthite Industries Limited • Ungerer & Company • Akay Flavours & Aromatics Pvt. Ltd. • Indo World • BASF SE • Vigon International, Inc. • Firmenich SA • Elevance Renewable Sciences, Inc. • Ozone Naturals • Alpha Aromatics • Manohar Botanical Extracts Pvt. Ltd. • Takasago International Corporation • Mane SA • Sensient Technologies Corporation Plant Based Protein Supplements Industry Overview The global plant based protein supplements market size is expected to reach USD 10.32 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.6% from 2020 to 2028. Growing demand for personalized nutrition, inclination towards a vegan diet, and rising interest in plant-based nutrition are key factors fueling market growth. The soy protein raw material segment accounted for the largest revenue share in 2020. Pea protein is expected to witness considerable growth over the forecast period. The growth is attributed to increasing customer inclination towards gluten-free ingredients in the supplements, coupled with the presence of necessary amino acids in pea. Plant Based Protein Supplements Market Segmentation Grand View Research has segmented the global plant based protein supplements market on the basis of raw material, product, distribution channel, application, and region: Based on the Raw Material Insights, the market is segmented into Soy, Spirulina, Pumpkin Seed, Hemp, Rice, Pea, Others.
Based on the Product Insights, the market is segmented into Protein Powder, Protein Bars, Ready-to-Drink, Others.
Based on the Distribution Channel Insights, the market is segmented into Supermarkets/Hypermarkets, Online Stores, Chemist/Drugstores, Specialty Stores, Others.
Based on the Application Insights, the market is segmented into Sports Nutrition, Functional Food.
Plant Based Protein Supplements Regional Outlook
Key Companies Profile & Market Share Insights The global market is highly fragmented with the presence of a number of global companies. The companies are working on their branding strategies in order to appeal to the target audience, along with investing in advanced automated continuous production lines to increase production efficiency. Some prominent players in the global plant based protein supplements market include
Order a free sample PDF of the Plant Based Protein Supplements Market Intelligence Study, published by Grand View Research. Alginate Industry Overview The global alginate market size is projected to reach USD 1.07 billion by 2028 registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Rise in product usage as active dyestuff in the textile industry is expected to drive the market over the forecast period. The product is gaining popularity in the food and beverage applications due to rising consumer preference for naturally sourced products. It is predominantly used in the food industry as an emulsifier, gelling agent, and thickening agent. Moreover, increasing application scope in the bakery and confectionery sector is projected to drive the market in the coming years. Increasing consumption of emulsifiers in salad dressing, chocolate, margarine, peanut butter, and several frozen desserts is also one of the key factors for the growing product demand in the food and beverage application. The product has a wide range of applications in the pharmaceutical sector as well owing to its stabilizing, emulsifying, and thickening properties. Increasing demand in tablet coating owing to lower viscosity and as a capsule disintegrant is expected to fuel the market growth. Alginate Market Segmentation Grand View Research has segmented the global alginate market on the basis of type, product, application, and region: Based on the Type Insights, the market is segmented into high M, high G.
Based on the Product Insights, the market is segmented into sodium, calcium, potassium, propylene glycol, others.
Based on the Application Insights, the market is segmented into food & beverages, pharmaceutical, industrial, others.
Alginate Regional Outlook
Key Companies Profile & Market Share Insights The industry is highly competitive with the presence of a large number of product manufacturers. A significant consumer base and abundant availability of raw material in the Asia Pacific region are responsible for the maximum number of manufacturers and higher product consumption in the region. Some prominent players in the global alginate market include:
Order a free sample PDF of the Alginate Market Intelligence Study, published by Grand View Research. Omega 3 Industry Overview The global omega 3 market size is expected to reach USD 3.82 billion by 2028, registering a CAGR of 7.8% over the forecast period, according to a new report by Grand View Research, Inc. DHA and EPA can help improve brain health in children and heart health in adults, which is likely to boost the market growth. The rising scope of applications of omega 3 in pharmaceuticals is also supporting product consumption. Players are focusing on offering high-quality pharma-grade omega 3. For instance, FMC Corp.’s Epax brand offers concentrated marine omega-3 fatty acids sourced from sustainable and traceable raw materials and caters to the requirements of high-quality pharmaceutical ingredients. The global market is characterized by the presence of prominent players, such as BASF SE, Koninklijke DSM N.V., Lonza, and Croda International Plc, which is expected to increase the competition. Players are focusing on catering to specific client requirements to widen the customer base. For instance, Crius Life Sciences have the formulation capacity of producing EPA/DHA with concentration level according to the client needs, such functionality offers a higher degree of freedom. Companies are utilizing krill oil as an alternative source to fish oil due to rising levels of contamination in fish oil. For instance, in November 2019, Aker BioMarine and Acasti Pharma signed a krill oil supply agreement to develop an innovative hypertriglyceridemia drug, using krill oil as its core ingredient. Omega 3 Market Segmentation Grand View Research has segmented the global omega 3 market on the basis of type, source, application, and region: Based on the Type Insights, the market is segmented into docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA).
Based on the Source Insights, the market is segmented into marine source and plant source.
Based on the Application Insights, the market is segmented into supplements & functional foods, pharmaceuticals, infant formula, animal feed & pet food, others.
Omega 3 Regional Outlook
Key Companies Profile & Market Share Insights The presence of a large number of regional and global companies is projected to increase market competition. Players are focusing on offering well-differentiated products to gain market share. For instance, Aker BioMarine is one of the market differentiators on account of its product portfolio and ingredient selection. Some prominent players in the global omega 3 market include:
Order a free sample PDF of the Omega 3 Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Flavors And Fragrances Industry Overview The global flavors and fragrances market size is expected to reach USD 34.19 billion by 2030, growing at a CAGR of 4.3% from 2022 to 2030, as per a new report by Grand View Research, Inc. The growth is majorly driven by the mounting demand for natural products and aroma chemicals from the personal care & cosmetics products and food & beverages industries. The market is expected to acknowledge a remarkable growth during the forecast period owing to increasing demand in application industries such as toiletries, cosmetics, beverages, and food. The increasing use of flavors in the pharmaceutical, dietary supplements, and nutraceutical market is also projected to augment market growth. The health & wellness trend prevailing in the market is expected to magnify the preference for natural flavor ingredients. Flavors And Fragrances Market Segmentation Grand View Research has segmented the global flavors and fragrances market report based on product, application, and region: Based on the Product Insights, the market is segmented into natural and aroma chemical
Based on the Application Insights, the market is segmented into flavors and fragrances
Flavors And Fragrances Regional Outlook
Key Companies Profile & Market Share Insights The flavors and fragrances market is fragmented and dominated by large multinational companies. Smaller companies differentiate themselves by creating unique natural fragrances and flavors and as a result, make it difficult for their competitors to imitate and enter the domestic market. The manufacturers are experiencing profit margin problems which have become worse due to the demands of retailers and processors and their private label brands. Some prominent players in the global flavors and fragrances market include:
Order a free sample PDF of the Flavors And Fragrances Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Food Preservatives Industry Overview The global food preservatives market size is expected to reach USD 4.16 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.6% from 2022 to 2030. The fast-paced working lifestyle of consumers in North America and the Asia Pacific has been instrumental in driving the demand for ready-to-eat products. Consequently, the use of food preservatives is expected to grow owing to benefits provided by them, such as the prevention of food spoilage and an increase in shelf life. Food Preservatives Market Segmentation Grand View Research has segmented the global food preservatives market report on the basis of label, type, function, application, and region: Based on the Label Insights, the market is segmented into clean label and conventional
Based on the Type Insights, the market is segmented into natural and synthetic
Based on the Function Insights, the market is segmented into anti-microbial, anti-oxidant and others
Based on the Application Insights, the market is segmented into meat & poultry products, bakery products, dairy products, beverages, snacks and others
Food Preservatives Regional Outlook
Key Companies Profile & Market Share Insights The market was characterized by a large number of synthetic preservatives manufacturers. However, due to the rising demand for organic preservatives, the market has witnessed new entrants marking their presence. Global manufacturers include ADM, BASF SE, and Celanese Corporation. Demand for natural food products is gradually increasing owing to consumer awareness about health and an increase in customer willingness to pay for premium products. As a result, a large number of natural food manufacturers have entered the market further intensifying the competition. Some prominent players in the global food preservatives market include:
Market Industry Development
Order a free sample PDF of the Food Preservatives Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. |
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May 2022
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