Sunflower Protein Market Growth Prospects to 2030
Sunflower protein market generated $70.4 million in 2020, and is expected to reach $156.3 million by 2030, witnessing a CAGR of 8.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Increase in consumption of nutraceuticals, rise in awareness regarding lifestyle diseases, and surge in demand for vegan protein drive the growth of the global sunflower protein market. However, ease in availability of substitutes and high processing costs hinder the market growth. On the other hand, availability as a meat alternative and demand for sports drinks with natural protein ingredients create new opportunities in the coming years.
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Covid-19 Scenario:
The demand for food supplements increased during the Covid-19 pandemic as people needed to boost immunity and maintain a healthy lifestyle. This led to increased demand for products containing sunflower protein.
However, interruptions in manufacturing activities of supplements and animal feed and disruptions in the supply chain reduced the demand for sunflower protein during the initial phases of the pandemic. The demand is expected to rise post-lockdown as restrictions are lifted off.
The report offers detailed segmentation of the global sunflower protein market based on type, application, and region.
Based on type, the conventional segment contributed to the highest share in 2020, accounting for around 95% of the total share, and is estimated to continue its leadership status during the forecast period. However, the organic segment is expected to manifest the highest CAGR of 10.0% from 2021 to 2030.
Based on application, the nutraceuticals segment held the largest share in 2020, contributing to around 88% of the total share of the global sunflower protein market, and is projected to maintain its dominant share during the forecast period. However, the food segment is estimated to witness the largest CAGR of 10.7% from 2021 to 2030.
Based on region, North America accounted for the highest share in 2020, contributing to nearly two-fifths of the total share, and is expected to maintain its lead position in terms of revenue by 2030. However, Asia-Pacific is estimated to portray the fastest CAGR of 11.0% during the forecast period.
Leading players of the global sunflower protein market analyzed in the research include ETChem, Cambridge Commodities ltd., Austrade Inc., Kramerbräu Saaten und Öle GmbH, Sunbloom Proteins GmbH, Tradin Organic Agriculture B.V., Elite, Ingredients, LLC, Clearspring Ltd, Organicway Inc., and Bio Technologies LLC.
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Almond Flour Market to Incur Steady Growth by 2027
Almond Flour Market by Product Type (Natural Almond Flour and Blanched Almond Flour), Application (Bakery, Confectionery, Cosmetics, and Other), End Use (Commercial and Household), and Sales Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021–2027."According to the report, the global almond flour industry was estimated at $976.46 million in 2019, and is anticipated to hit $1.70 billion by 2027, registering a CAGR of 7.9% from 2021 to 2027.
Increase in demand for almond flour as a key ingredient in bakery premix applications, surge in demand for natural almond flour due to their organic properties, rise in demand for almond flour in developing nations, and upsurge in application of blanched almond flour in the cosmetic industry fuel the growth of the global almond flour market. On the other hand, availability of healthier substitutes and stringent regulations & international quality standards imposed on food products impede the growth to some extent. However, rise in focus on improving quality and shelf life and increase in investments by small-& mid-sized food product manufacturing companies are expected to create multiple opportunities in the industry.
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Covid-19 scenario-
The outbreak of the pandemic has made people more health conscious. There has been an increased inclination toward consuming products that are rich in nutrients, protein, vitamins, and essential minerals which, in turn, has impacted the almond flour market positively.
On the other hand, transportation problems have caused disruptions in the supply chain. Prices have also declined for crops such as maize and wheat. However, government bodies are coming up with a number of relaxations on the existing regulations, which would aid the global market to recoup its position very soon.
Based on type, the blanched almond flour segment contributed to more than three-fifths of the global almond flour market share in 2019, and is expected to rule the roost throughout the forecast period. Blanched almond flour is used in a wide range of bakery products, confectioneries, hair& skin care stuffs globally and its demand is gradually increasing in the developed countries which, in turn, has propelled the segment growth. The natural almond flour segment, on the other hand, would register the fastest CAGR of 8.1% from 2021 to 2027. This is attributed to increasing consumer preference for organic label products.
Based on application, the bakery segment accounted for nearly half of the global almond flour market revenue in 2019, and is anticipated to lead the trail by the end of 2027. Rise in consumption of bakery products owing to their cost effectiveness and several health benefits fuel the segment growth. Simultaneously, the cosmetics segment would grow at the fastest CAGR of 8.7% till 2027. This is due to growth of their application in skin and hair care products.
Based on geography, North America held the major share in 2019, garnering more than one-third of the global almond flour market. In the U.S., the demand for almond flour is growing extensively for various bakery products, as it is a rich in vitamins and minerals.This factor has driven the market growth in the region. At the same time, Asia-Pacific would manifest the fastest CAGR of 8.5% by 2027. Increase in investments by several small and midsized food manufacturing companies in developing countries supports the growth of the market in this province.
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The key players profiled in this report include Rolling Hills Nut Company, Blue Diamond Growers, Hodgson Mill, Treehouse Almonds, Bob’s Red Mill Natural Foods, Oleander Bio, SA, Shiloh Farms, King Arthur Flour Company, Inc, Anthony's Goods, and Barney Butter. The key players provide current almond flour market trends, financial statement, and products development.
Beverage Stabilizer Market CAGR Attempts To Break Record Estimating By 2025
Beverage Stabilizers Market by Product Type (Gum Arabic, Carboxymethyl Cellulose, Xanthan Gum, Carrageenan, Pectin, and Others) and Beverage Type (Fruit Drinks, Dairy Beverages, Soft Drinks, Alcoholic Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025." According to the report, the global beverage stabilizers market garnered $1.36 billion in 2018, and is estimated to garner $1.94 billion by 2025, growing at a CAGR of 6.1% from 2018 to 2025.
Surge in number of quick service restaurants (QSRs), ever-evolving food & beverage industry, and increase in the consumption of packaged and convenience goods drive the growth of the market. However, varying prices of raw materials restraint the market growth. On the contrary, growth in functional beverages consumption is expected to offer new opportunities in the future.
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Based on product type, the xanthan gum segment accounted for more than one-fourth of the total revenue in 2018, and is expected to maintain its lead position by 2025. This segment is also estimated account for the fastest CAGR of 6.6% from 2018 to 2025. This is due to surge in utilization as a stabilizer and thickening agent for preventing the ingredients from separation in the food along with the growth of the food industry. The research also analyzes other segments such as gum arabic, carrageenan, carboxymethyl cellulose, pectin, and others.
Based on beverage type, the soft drinks segment contributed the major share in terms of revenue in 2017, with nearly three-tenths of the total market, and is projected to maintain its dominating position throughout the forecast period. This is due to surge in consumption of aerated drinks across the world and rise in inclination towards soft drinks and other convenient goods. However, the other beverage types segment would grow at the fastest rate, with a CAGR of 7.5% from 2018 to 2025, owing to surge in spending capacity toward packaged & convenient goods. The research also explores fruit drinks, dairy beverages, and alcoholic beverages segments.
Asia-Pacific contributed to more than one-third of the total market share in 2017 and is expected to continue to maintain its leadership position throughout the forecast period. This region is also estimated to grow at the fastest CAGR of 6.7% from 2018 to 2025. This is attributed to the advancements in retail infrastructure that enables the production of packaged or convenience goods. The research also analyzes North America, Europe, and LAMEA.
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Leading market players
Leading market players analyzed in the research include Archer Daniels Midland Company, Cargill, Incorporated, Ashland Global Holdings Inc., DowDuPont Inc., CP Kelco, Kerry Group, Ingredion, Inc., Tate & Lyle Plc., Palsgaard A/S, and Royal DSM.
Poultry Feed Market To Receive Overwhelming Hike In Revenues By 2023
Poultry Feed Market by Feed Type (Complete feed, Concentrates, and Premix): Global Opportunity Analysis and Industry Forecast, 2019–2023." According to the report, the global poultry feed market generated $114.99 billion in 2018, and is expected to reach $157.71 billion by 2023, growing at a CAGR of 6.9% from 2019 to 2023.
Surge in consumption of poultry meat and changes in consumption patterns drive the growth of the global poultry feed market. However, prices of poultry feed and prevalence of diseases from poultry hinder the market growth. On the other hand, increase in global population and rise in demand for fast food & processed food present new opportunities in the market.
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The Complete feed segment to maintain its lion's share by 2023
Based on products, the complete feed segment held the major share in 2018, accounting for more than 85% of the total market share in 2018, and is estimated to maintain its lion's share during the forecast period. This is due to rise in demand for animal protein and surge in poultry exports from Asia-Pacific. However, the concentrates segment is expected to register the fastest growth rate with a CAGR of 8.6% from 2019 to 2023. This is attributed to changes in food consumption habits and trend of vertical farming. The report also analyzes the premix segment.
Asia-Pacific to offer lucrative opportunities
Asia-Pacific accounted for nearly one-third of the total share in 2018, and is estimated to maintain its dominant position during the forecast period. This region is expected to grow at the fastest CAGR of 9.3% from 2019 to 2023. This is due to growth in population, social factors such as traditional poultry consumption patterns, and strong economic growth. The research also offers a detailed analysis on North America, Europe, Middle East, Africa, and South America.
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Leading market players
Leading market players analyzed in the research include Cargill Inc., Tyson Foods, Inc., Land O'Lakes, Inc., ADM Animal Nutrition, Alltech, J.D. Heiskell & Co., Perdue Farms Inc., Hi-Pro Feeds, Inc., Kent Nutrition Group, Inc., and Southern States Cooperative.
Sports Nutrition Market Big Changes to Have Big Impact
Sports Nutrition Market by Type, End User, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sports nutrition market size was valued at $34.8 billion in 2020, and is projected reach $67.9 billion by 2030, registering a CAGR of 5.4% from 2021 to 2030.
A large number of gyms, fitness centers, and athletic centers are being built in many countries across the world. This is due to the increase in fitness and health conscious people. This is leading to an increase in the number of people that are visiting these establishments, and to get peak performance and results, they are consuming sports nutrition products. Most of the consumers use sports drinks to fuel their performance and protein powders to gain muscle mass and speed up the process of muscle regeneration. Serious bodybuilders also use creatine, BCAA, and other types of supplements that further promote muscle mass gains and helps provide the desired musculature. Other products like RTD protein drinks and energy bars are heavily consumed by sports people as well as regular, non-sports consumers as they are healthier than consuming sodas or other forms of snacks.
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The sports nutrition market is highly fragmented with significant presence of a large number of regional players. Sports nutrition have gained huge traction over the last few years, owing to which various low-quality sports nutrition are flooded in the market. The right type of sports nutrition has no side effect on the consumers. However, counterfeit and low-quality sports nutrition available in the market might increase the risk of allergies and diseases. Low-quality ingredients and production might cause the body harm rather than helping the body. A lot of these counterfeits imitate big brands and names, which tarnishes the brand image. International organizations in collusion with leading brands have introduced stringent rules and regulations to curb well entrenched system of counterfeiting however, more efforts need to be made regionally and globally in order to scuttle the rapidly advancing counterfeiting market. Therefore, availability of low-quality counterfeit product hampers the overall expansion of the market in terms of value sales.
Sports nutrition products made of organic, vegan, and gluten free ingredients are gaining high traction amongst consumers of developed regions”
The global sports nutrition market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America leads in terms of sports nutrition market share for 2020, while Asia-Pacific is forecasted to grow with significant sports nutrition market growth during the forecast period owing to growing disposable income, extensive advertising and promotion, and large scale urbanization. China along with India and South East Asian countries is likely to witness increased demand of sports nutrition products in the coming years.
The global report is studied on the basis of type, material, price point and sales channel. By type, the market is divided into protein powder, ISO drink powder, sports supplements, RTD protein drinks, sports drinks, energy bars, and others. By end user, the market is studied across athletes, bodybuilders, and lifestyle users. By sales channel, the market is studied hypermarket/supermarket, drugs and specialty stores, fitness centers, and online channels.
Some of the major players profiled for in the sports nutrition market analysis include Abbott Nutrition, Inc., Clif Bar & Company, Glanbia Plc., GNC Holdings, Otsuka Pharmaceutical Co., Ltd., PepsiCo Inc., Post Holdings, Inc., Reckitt Benckiser Group Plc., The Coca-Cola Company, Yakult Honsha Co., Ltd.
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Vitamins Market Analysis of Top industry Scenario
Vitamins are organic chemical compounds associated with a crucial nutrient for the operating of metabolism within the soma that an organism demands in little amounts. Vitamins can't be created within the body; however, they are often absorbed by supplements or food. Deficiencies and sicknesses like xeroma, scurvy, and avitaminosis will lead in meagre intake of vitamins. Intake of vitamins will keep the body in total management and healthy.
COVID-19 Impact analysis
The covid-19 pandemic brought a big impact on the producing of the merchandise, provide chain, and therefore the convenience of the raw materials because of the imposition of internment and therefore the restrictions on the export and import. It conjointly raised for the immunity boosters and within the consciousness of health among the shoppers. The shoppers started exigent the merchandise with essential health ingredients, biological process and immunity-boosting. This increased the market of vitamins as a lot of shoppers started exigent the vitamins because of their edges as immunity boosters. The billowing demand for gluey victuals has inspired the manufactures to launch new and innovative merchandise which can contribute considerably to the vitamin market revenue throughout the forecasted amount.
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Top Impacting Factors
One of the main reasons for the growth of the vitamin market is the rising demand of nutritional and functionally augmented processed products. There have been many cases with vitamin deficiency in a person or feed fortification. So, to fuel the body with required nutrition is very essential, which is also driving the growth of market. Rise in the disposable income of the people is also a major reason for the growth of this market as people are now able to spend money for vitamins. Enhanced health awareness is also a top impacting factors that fosters the growth of vitamins market. Rising incidence of obesity and related diseases is making consumers opt for food and beverages products that are low in fat and rich in minerals, this factor drives the market growth.
Market Trends
Vitamins & Dietary Supplements market expected growth will be driven by both endogenous and exogenous factors: (i) consumer preferences like Attention to health, nutrition sport and customization (ii) aging populations, (iii) new life styles and (iv) increased healthcare cost.
Major market challenges are represented by: (i) regulatory environment, (ii) threat of counterfeit dietary supplements and (iii) consumer distrust stemming from misleading marketing activities.
Health and wellness trend, healthy living, drug prices and an increasingly looking for preventive options spur demand of the European market.
Global vitamins market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vitamins market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Top Key Players: BASF SE, DSM, Archer Daniels Midland Company, SternVitamin GmbH & Co. KG, Watson Inc., Lonza, Vitablend Nederland B.V., Zagro, Wright Enrichment Inc., Adisseo, SHOWA DENKO K.K., Glanbia plc, Farbest Brands, Jubilant Life Sciences Ltd., Vertellus Holdings LLC, Brother Enterprises Holding Co.,Ltd., Zhejiang Garden Biochemical High-Tech Co.,Ltd
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Caps and Closures Market to Achieve Significant Growth in the Near Future
Caps and Closures Market by Product Type, Raw Material, and Application: Global Opportunity Analysis and Industry Forecast, 2022–2031” the global caps and closures market size was valued at $46,151.7million in 2020, and is projected to reach $81,330.4 million by 2031, registering a CAGR of 4.9% from 2022 to 2031. In 2020, the screw closure segment accounted for approximately 23% of the global market in terms of value.
Caps and closures are mainly used in the packaging industry to preserve and extend the shelf life of products. The caps and closures industry uses different types of materials to construct suitable product packaging, such as plastic, metal, rubber, and wood.
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Plastic is one of the major driving factors of the caps and closures for food & beverages market. The demand for plastic caps and closures for food & beverages is increasing as they are an important part of packaging for containers such as canisters, bottles, cans, beverage carton, and tubes. Plastic is gradually replacing the traditional raw materials used in manufacturing of caps and closures such as tinplate and aluminum. With the growing competition and adoption of high-tech enlargements, plastics caps, and closures have become more important in the caps and closures market. The increase in popularity of plastic caps and closures for aseptic cartons, stand-up pouches, and gable top drive the plastic caps and closures for food and beverages market.
The governments of all countries heavily promote go-green projects and eco-friendly concepts. The plastics and other chemicals widely used in the process of manufacturing caps and closures affect the environment. An increase in the requirement of eco-friendly caps and closures which use recycled and natural ingredients such as wood and paper board is expected in the future. The use of eco-friendly material such as paper board, wood, bamboo, post consumer resin (PCR), post industrial resin (PIR) , and polymerized lactic acid(PLA) reduces wastage, which will provide caps & closures market opportunities for growth.
In terms of value, Asia-Pacific and LAMEA collectively contributed approximately half share of the global market in 2020. Developing countries, such as Brazil, India, and China display a huge growth potential for this market on account of high manufacturing of food & beverage products in these countries to cater the market demand.
The caps and closures market is segmented on the basis of product type, raw material, application, and region. On the basis of product type, the market is segmented into easy-open can end, metal lug closures, peel-off foils, screw closures, metal crowns, corks, and others. By raw material, the market is segmented into plastic, metal, wood, and others. On the basis of application, the industry are broadly classified into beer, wine, bottled water, carbonated soft drinks, dairy product, condiments & sauces, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, Russia, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Taiwan and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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