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Exploring the Non-GMO Food Products Market: A Healthy Choice

Newly released data from the non-GMO food products market analyzed by FMI estimates that the non-GMO food products market enjoys a growth rate of 10.4% at present. The market is expected to witness a prominent growth rate of a CAGR of 13.2% to reach the value of US$ 144,322 Mn in 2031.

Another factor driving the growth of transparent non-GMO food makers internationally is the emergence of smart labels, which enable rapid access to product-specific information. By the end of 2031, the market is projected to reach a value of US$ 3.4 billion.

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The demand from customers for non-GMO food items will increase as a result of dietary trends including healthy eating and choosing natural food products, among other changes. Health-related problems are becoming more prevalent, and people are becoming more aware of the risks associated with eating foods that have been genetically modified.

Key Takeaways of non-GMO Food Product Market Study

Grains and Cereals will dominate market demand with a multiplying growth rate of 22% through the end of 2029.
Bakery & Confectionary products present gainful opportunities with a stupendous growth rate of 19% during the forecast period.
Dairy products is another segment that will register a CAGR of 16% from 2019 to 2029.
Indirect distribution channels will maintain share-wide and growth-wise dominance throughout the forecast period.
North America and Latin America collectively account for more than half of total market value. This can be attributed to the early adopting nature of North American countries and rising millennial population in Latin America.
Consumer Preferences Shape Growth Trajectory

Rewarding synergy is being produced in the market by an increase in buying potential and a drop in production costs. This is made possible by improvements in packaging and labelling as well as active consumer involvement. The creation of consumer communities that promote long-term income generation is being heavily funded by major players.

The popularity of plant-based and vegan diets, which call for daily consumption of food products made from non-genetically modified organisms, as well as consumer knowledge of non-GMO food products, are key factors influencing the market for these products.

Who’s Wining?

Competitive landscape in non-GMO food products market is fragmented with the presence of multinationals, niche-manufacturers, and SMEs. Major players that shape the global non-GMO food products market are Cargill, Inc., Associated British Foods Plc, General Mills Inc., Kraft Heinz, Archer Daniels Midland Company, Danone, Nestle S.A., The Hain Celestial Group Inc. Key players in the market are forging strategic partnerships that ensure sustained revenue prospects.

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Market Segments Covered in Non-GMO food products Industry Analysis

By Nature :

Organic
Conventional
By Product :

Grain and Cereals
Wheat
Soya
Corn
Others
Bakery and Confectionery
Bread
Pastry
Candy
Others
Beverages
Alcoholic Beverages
Non-Alcoholic Beverages
Dairy Products
Yogurt
Cheese
Ice cream
Others
Infant Food
Condiment, Dressing, & Oil
Vegetable Oils
Jam, Jellies
Syrups
Others (Spices, soups, etc.)
By Distribution Channel :

Direct Sales/B2B
Indirect Sales/B2C
Supermarket/Hypermarket
Wholesaler
Online Retail
Specialty Stores
Other Retail Format
Region :

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

Fueling Life's Blueprint: Exploring the Booming Nucleotide Market

According to recently released data from the nucleotides market study, the global demand for all nucleotides increased by 5.8% annually in 2021 to reach US$ 559.9 Million, and it is anticipated to increase by 6.1% annually over the forecasted period.

The industry would greatly benefit from the expanding application potential in the pharmaceutical and food & beverage sectors. As people become more conscious of the negative effects that delectable chemicals have on their health, they are utilising more nucleotide-based flavour enhancers. The market will have a large increase over the coming years as a result of rising application levels across several industries.

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It includes in-depth insights into the nucleotide market. Some of these are:

The estimated value of the market was at US$ 501.1 Mn in 2021. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, North America has emerged as a key market for nucleotide.
In addition to this, Europe is expected to remain steady as key markets for nucleotide.
Among key technologies used in the market, TaqMan allelic discrimination is identified as the most sought-after technology.
Key players are likely to focus on product innovations to stay relevant in developed markets.
“The increasing scope of application of nucleotide, especially in nutraceutical products will aid the market’s expansion. As a result of high demand for nutritive food products, developed regions will emerge as key market places in the nucleotide market,” said a lead analyst at FMI.

Rising Use of Nucleotide to Offer Better Nutrition in Food will Boost Growth

The use of nucleotide in various food products to offer better nutrition has considerably increased in the last few years. Nucleotide often helps in conditions such as stress or poor diet by optimizing immune system functions. The rising awareness about the benefits of the product will result in higher adoption across the world. According to studies, the persistently rising demand for food fortification creates growth opportunities for the market.

The steadily surging prevalence of nutrient deficiency and malnutrition around the world are two leading causes fuelling the demand for nucleotide. To cater to the rising demand, manufacturers are therefore coming up with nucleotide premixes that ensure better health benefits. These strategies adopted by the market players are bolstering growth opportunities for the market.

Who is Winning?

Some of the leading players operating in the nucleotide market are CJ CheilJedang Corporation, Star Lake Bioscience Co., Inc, ThermoFisher Scientific Inc., F. Hoffmann-La Roche Ltd, Promega Corporation, Agilent Technologies Inc., NuEra Nutrition, Meihua Group, Biorigin, DSM Nutritional Products Ltd., Affymetrix Inc., Lallemand Inc., Nanjing BioTogether Co., Ltd., and Ohly GmbH.mention the leading companies).

As a result of increasing competition, nucleotide manufacturers are focusing on innovation and product development. Several new players are focusing on product launches in food and dietary supplements segments.

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Get Valuable Insights into Nucleotide Market

By Technology:

TaqMan allelic discrimination
SNP by pyrosequencing
Gene chips & microarrays
Others
By Application:

Food & beverage additive
Animal feed additive
Pharmaceuticals
Diagnostics research
Others
By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Savoring Convenience: Exploring the Booming Dried Soup Market

The dried soup market is poised for remarkable growth, with a projected 7.9% CAGR from 2023 to 2033. This surge in demand will boost the market value from $2.1 billion in 2023 to $4.5 billion by 2033. The increasing preference for ready-to-eat foods, fueled by the need for quick and convenient meal solutions in today’s fast-paced lifestyles, is a primary driver behind this expansion

The dried soup market is anticipated to grow significantly from 2023 to 2033 with a 7.9% CAGR, showing a growth in demand. Due to this trend, the market value will have climbed from $2.1 billion to $4.5 billion by 2033. The growing demand for ready-to-eat foods, driven by the need for quick and convenient meal options in our fast-paced lifestyles, is one of the main factors driving the dried soup industry.

The dried soup market is anticipated to expand at an impressive 7.9% CAGR from 2023 to 2033, outperforming the lower 1.4% CAGR recorded between 2018 and 2022. Market value climbed significantly from US$ 2.1 billion in 2023 to US$ 4.5 billion by 2033, indicating a significant growth in demand for dry soup.

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Global demand for ready-to-eat foods has increased due to the desire for quick and easy meal options and the fast-paced lifestyle. Demand for dried soup is being fueled by the creation of value-added, gluten-free, organic dry soups, increasing accessibility through various retail channels, creative packaging, and marketing initiatives.

The working class prefers dried soups because of their ease of preparation and nutritional benefits. Because of rising disposable income, rising demand for ready meals, and the introduction of healthy components, the industry is expected to expand. Growth is constrained by worries about preservatives, but opportunities are presented by organic soups and other product advancements.

The market for dried soup is expanding due to rising demand for quick meals and healthy eating practices. Growth is being fueled by gluten-free and organic choices, although concerns about the high levels of maize and salt may deter customers.

Key Takeaways

The market for dry soup in India is anticipated to expand significantly due to the nation’s predicted 7.6% CAGR by 2033.
The market for dry soup in the United Kingdom is anticipated to continue growing steadily, with a 6% CAGR predicted by 2033.
China’s predicted 6.7% CAGR by 2033, the dried soup industry in China is expected to flourish.
The dried soup market in Australia is anticipated to grow moderately, with a CAGR of 1.2% by 2033.
The market for dry soup in Japan is anticipated to expand gradually because of the country’s predicted 4.7% CAGR by 2033.
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Plant-based Meat: Redefining the Future of Protein

The plant based meat market is anticipated to exceed US$ 4,915.7 million by 2023 from US$ 7,634.0 million in 2033. Demand for plant based meat is projected to escalate at a CAGR of 4.6% throughout the forecast period from 2023 to 2033.

Due to the fact that they are made to resemble the qualities of actual meat, plant-based meat products are also known as meat replacements. In comparison to animal goods, plant-based meats offer consumers a wider range of meat alternatives, the majority of which are more environmentally friendly and sustainable.

They are made from plants and other non-animals but are designed to taste, look, and want like meat. Plant-based meats are made to resemble animal meat in texture, flavour, and appearance.

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A wide variety of sectors have recently experienced tremendous expansion on the worldwide market thanks to digitalization. Several manufacturers of plant-based meat are choosing online platforms for the advertising and sale of their products due to increased internet usage and convenience of online transactions.

Various customers prefer making purchases through online retailers, which motivates companies to have a presence there. In more recent times, other venues such as specialty shops and meal delivery services, have also appeared.

Rising health problems, along with increasing awareness regarding environmental well-being, is leading to the rising demand for plant based meat to be used in food & beverages products. Consumption of plant based meat is expected to rise steadily in developing countries in the next ten years, with further export opportunities. With increasing awareness, the consumer base is shifting towards organic and non-GMO products as they believe that food should be natural.

Key Takeaways from the Plant Based Meat Market Study

Soy segment is projected to be the most popular source in the global plant based meat market by 2033.
The plant-based chicken segment by type is likely to garner a significant plant based meat market share by 2023.
The plant based meat market is projected to exhibit considerable growth at a CAGR of 6% from 2023 to 2033.
In Asia Pacific, India is expected to remain at the forefront by generating a lion’s share through 2033.
The United Kingdom plant based meat market is predicted to experience a rapid growth rate in the next ten years.
“Health advantages that plant-based meat offers are expected to boost the global market. They are proven to be a wholesome alternative while maintaining the same texture and flavor. Another factor that would push the global market is rising practice of vegetarianism and veganism,” says a lead analyst at Future Market Insights.

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Buzzing Growth: Exploring the Booming Insect Protein Market

From 2023 to 2033, the insect protein market is projected to accelerate at a CAGR of 17.7% from its 2023 value of US$ 602.3 million. By 2033, there is going to be US$ 3.1 billion global market.

It is anticipated that demand for insect protein would increase over the course of the forecasted period as a result of growing consumer awareness of the advantages of consuming nutrient-dense foods and expanding customer preference for a healthy lifestyle.

Thriving Applications and High Protein Content in Insects Insect Protein Need is Increasing

Due to growing health concerns among consumers worldwide, there is a rise in the demand for nutrient-dense food products. Producers from a wide range of different industries can now enter the market for these culinary goods.

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Consumers of today love natural products and are interested about the components, production methods, and geographic origins of the food they eat. Some of the key factors anticipated to propel the insect protein market’s growth over the course of the forecast year include consumers looking for wholesome and environmentally friendly food options, rising spending on functional food products, an increase in athletes and gym goers, and consumers.

High Costs Limit Market Expansion

Because of its usefulness, benefits to the environment, and nutritional value, insect protein is one of the distinctive and inventive animal feed proteins. High prices, regulations, and a lack of production capacity continue to be the key barriers to the growth of the insect protein business.

The equipment and processes needed to create insect-based proteins must be upgraded for mass production because they are currently expensive. Even though many consumers are priced out of this market, few consumers are willing to pay higher rates for the environmental and health benefits of protein derived from insects.

Regional Outlook

A growing demand for human consumption products could lead to rapid growth in Europe.

The European continent provided the majority of the income. In the European insect protein market, consumer acceptance of insect protein is higher for applications in the food and beverage industry, animal nutrition, and personal care.

The recent licencing of insect protein for feed, particularly that for pigs and poultry, is expected to enhance demand in the European market. Because industrialised countries like France, Germany, and the United Kingdom have a strong demand for insect protein, it is projected that the market would expand significantly throughout the projection period.

The majority of the revenue came from North America. Because consumers are becoming more aware of the use of insect-based products and have a larger need for nutrient-dense food products, the market is expected to be significant.

The market for insect protein is expected to expand over the course of the anticipated period due to Mexico and Canada’s significant growth potential for new businesses and product launches.

Key Takeaways

With a CAGR of 20.6% and an expected market size of US$ 1.1 billion in 2033, the insect protein market in the United States is expected to grow rapidly over the projected period.
With a strong CAGR of 11.9% and an expected market size of US$ 129 million in 2033, the Chinese market is expected to grow throughout the course of the estimated period.
In 2033, it is expected that the Japan market would generate US$ 61.7 million and grow at a 9.5% CAGR.
With a CAGR of 23.6% throughout the projection period, it is anticipated that the United Kingdom market would grow quickly, reaching US$ 300.8 million in 2033.
The insect protein market in South Korea is predicted to expand at a CAGR of 9.8% over the predicted time period and could reach US$ 35.5 million in 2033.
Powder is anticipated to expand at a CAGR of 15.4% over the anticipated time frame in the form category.
The insect type category’s Caterpillars sector could have a CAGR of 21.8% from 2023 to 2033.

Rising Health Consciousness Fuels Dietary Supplements Market Growth

The global dietary supplement market is set to witness an impressive growth rate of 8% over the forecasted years of 2022 to 2032. The dietary supplement market size is anticipated to reach a valuation of around US$ 350.96 Billion by the end of year 2032 from the current valuation of US$ 163.12 Billion in 2022.

The market for dietary supplements is a swiftly growing industry that offers a wide range of products designed to improve overall health and wellbeing. Dietary supplements are substances consumed as pills, capsules, tablets, powders, liquids, herbs, botanicals, amino acids, enzymes, and other forms.

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The main purpose of dietary supplements is to make up for human nutritional inadequacies. Due to the public's increased awareness of overall wellbeing, the market for dietary supplements is anticipated to see major trends and opportunities in the future quarters. The need for macronutrients and low-carbohydrate diets is anticipated to rise as sports clubs, gym memberships, and fitness classes become more and more well-liked, along with a rise in young people's fitness sensitivity.

Due to the launch of new products, which are expected to increase the product's appeal among various demographic segments, the market trends for dietary supplements are also anticipated to increase over the course of the projected period.

Key Factors Driving the Market:

Increasing Consumer Awareness: Growing awareness about the importance of preventive healthcare and wellness has led consumers to seek dietary supplements as a way to support their overall health and bridge nutritional gaps.
Aging Population: The global population is aging, and older adults often use dietary supplements to address specific health concerns associated with aging, such as joint health, cognitive function, and cardiovascular health.
Active Lifestyles: The rising interest in fitness and sports activities has contributed to the demand for dietary supplements among athletes and fitness enthusiasts looking to enhance performance, support muscle recovery, and optimize nutrition.
E-commerce and Online Retailing: The growth of e-commerce platforms has made dietary supplements more accessible to consumers, offering a convenient way to purchase products online.
What is the Future of Global Dietary Supplements Market?

In the near future, the market for dietary supplements is anticipated to increase significantly due to a number of factors. One of the main factors is the rising intake of supplement powder among elite bodybuilders, professional athletes, and gym goers. This pattern suggests an increase in consumer interest in using dietary supplements to stimulate muscle growth and improve athletic performance.

These trends indicate that the dietary supplements market is poised for expansion, driven by the preferences and lifestyles of individuals seeking improved physical performance and those embracing vegan dietary choices. However, it is essential for individuals to consult with healthcare professionals before incorporating new dietary supplements into their routines to ensure safety and suitability for their specific needs.

The global dietary supplements market is witnessing intensifying competition as major public and private companies strive to maintain their brand value through a strong emphasis on quality and innovation. Key players in the dietary supplements market are prioritizing product quality enhancements by investing in innovative solutions and adopting cutting-edge technologies. This focus on continuous improvement and technological advancements is crucial for these companies to stay competitive in the dynamic market landscape.

Global Dietary Supplements Market Key Players

Amway Corp.
Glanbia PLC
Abbott
Bayer AG
Pfizer Inc.
ADM
Nu Skin Enterprises, Inc.
GlaxoSmithKline plc
Bionova
Ayanda
Arkopharma
Herbalife International of America, Inc.
Nature’s Sunshine Products, Inc.
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Key Takeaways from Market Study

The overall growth of the global dietary supplements market, in terms of absolute dollar, is estimated to be around US$ 188 Billion over the next ten years, by following the average CAGR of 8%.
On the basis of different form of Dietary Supplements For the Weight Loss Market, soft gel or pills are the highest grossing segment for the target market, with an overall valuation of US$ 83.5 Billion in the year 2022.
On the basis of ingredients used for the production of dietary supplements, vitamins & minerals are the most widely used segment that translates into a total value of US$ 78 Billion for the year 2022.
Among all the categories of end users, men or adults were found by the dietary supplements market analysis report in 2022, to be the largest user of the products.
General wellbeing segment in the applications category incurred the highest demand for dietary supplements that was nearly US$ 42 Billion in the current year.
Pharmacies drug stores still remain the most preferred distribution channel for the global dietary supplements market by contributing for almost 40% of the total sales. On the other hand online distribution channels is predicted to grow at an above average growth rate during the projection period.
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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Future Market Insights Inc.
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Satisfy Your Sweet Tooth Sustainably: Exploring the Growing Vegan Desserts Market

The Vegan Desserts Market has experienced remarkable growth in recent years, driven by increasing consumer awareness of health and environmental benefits. As more people adopt plant-based diets, the demand for cruelty-free and delicious dessert options has surged. Innovative offerings and improved ingredient substitutes have fueled the market’s expansion, leading to a promising outlook.

The market for vegan desserts is anticipated to increase from its predicted value of US$ 3205.07 Mn in 2023 to US$ 6698.4 Mn by 2033. The need for vegan desserts is rising, and this demand is fueled by rising veganism popularity as well as ongoing market research. As a result, the market for vegan desserts is predicted to grow at an 8.5% CAGR, with the United Kingdom, the United States, Germany, and Japan emerging as major producers.

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In recent years, both the popularity of veganism and the range of goods that are suitable for vegans have grown. The market is flooded with plant-based sweet meals that are aesthetically pleasing and gastronomically comparable to its more conventional counterparts thanks to the efforts of inventive chefs.

Around the world, more and more chefs are experimenting with vegan desserts and creating fresh, new recipes. For instance, well-known vegan dessert pioneer Chef Fran Costigan offers seminars, consultations, and cooking schools in addition to her vegan dessert recipes and publications.

The number of people using these services has increased, which has been good for business. Restaurants and cafés are adding vegan desserts to their menus to accommodate the growing number of customers who have food allergies or intolerances, such as egg, dairy, or cholesterol. And the widespread accessibility of plant-based milks and fats has only served to increase the availability and sales of vegan desserts.

In addition, businesses have been prompted to include healthier components in their products due to a growing concern for customer health. Examples include the widespread avoidance of items containing white sugar as people become more informed about the health risks associated with this refined sweetener. As a result, manufacturers have begun to substitute sugar alternatives like sweet potato.

Innovative vegan food packaging is expected to see rising adoption, which is expected to boost the development of the industry.

Sustainable food packaging materials for meat-free items are in high demand because vegan dietary groups are generally concerned with environmental issues. More and more shoppers are placing a premium on accurate product labelling; as a result, vegan food producers like Oatly now include carbon labelling information on their tins and jars. As an added bonus, the American Firm No Evil Foods Sacred Serve is spending money to create cutting-edge sustainable packaging for its goods.

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Key Takeaways

Given the robust increase in demand for bakery items and the expanding vegan trend, it’s likely that European customers are likely to make up the greatest share of the target audience for vegan desserts. Due to the high volume of tourists passing through Germany, Italy, and France, there is a growing vegan desserts market.
Due to rising demand from customers with dietary restrictions (such as egg allergies, lactose intolerance, or excessive cholesterol), vegan desserts are increasingly appearing on the menus of restaurants and cafes.
Companies like Nestle are responding to the rising demand for vegan products by introducing non-dairy lines, such as Haggen-Dazs ice cream, to markets like the United States.
Increased demand from consumers has led to healthy expansion for vegan milk.
Massive production and the introduction of vegan bakery chains have coincided with a rise in demand.

Because of the dramatic development in veganism’s adherent base and the increasing demand for vegan bakery goods, manufacturers have begun producing vegan baked goods on a massive scale.

Greggs, a major British bakery brand, recently reported a shortage of its new vegan sausage roll offering, indicating a rise in demand for such goods.

Vegan baked goods have seen a dramatic surge in popularity, leading to the opening of vegan bakeries all over the world. When online retailers saw the huge demand for vegan baking supplies during Great British Bake-Off Week, they revealed plans to open a dedicated vegan online baking store in 2018.

New vegan product lines are being introduced by many existing bakeries in response to the rising demand for vegan desserts. Large-scale investments in vegan baking establishments are predicted to increase demand for vegan desserts.

Businesses have been diversifying their offerings to attract a wider range of customers. So, Unilever introduced its Magnum brand of plant-based ice cream to the Swedish and Finnish markets in August of 2018. Currently, the brand is known as Magnum Dairy Free. Another Unilever-owned brand, Cornetto, also offers a dairy-free ice cream option.

Exploring the Milky Way of Galactose Market Growth

According to Future Market Insight, the global galactose market is likely to reach US$ 46.76 billion by 2033, registering a CAGR of 5%. This is a considerable increase from its projected value of US$ 28.99 billion in 2023.

Key Drivers in the Galactose Industry

More people are becoming aware of and interested in the health benefits of galactose.
increasing functional ingredient use of galactose in foods and beverages
increasing consumer preference for vegan and plant-based diets
Demand for natural and clean-label ingredients in foods and beverages is rising.
Galactose use is increasing due to a rise in milk allergies and lactose intolerance.
expanding the use of galactose in medication delivery systems in the pharmaceutical business
increasing the focus on preventative healthcare and the prevalence of chronic disorders
ongoing development and study into the possibilities of galactose
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Key Challenges in the Galactose Industry

Limited availability and high cost compared to alternatives
Regulatory constraints on galactose use in specific industries
Potential allergic reactions or sensitivities
Competition from alternative sweeteners and ingredients
Limited consumer awareness impacting adoption
Key Trends in the Galactose Industry

The surge in popularity of galactose-based infant formulas
Growing demand for galactose in the cosmetics industry
Introduction of innovative galactose-based food products
Integration of galactose in sports nutrition products
Adoption of galactose in animal feed formulations
Key Opportunities in the Galactose Industry

Expansion of galactose production capabilities
Development of novel galactose derivatives and formulations
Exploration of galactose’s potential in personalized nutrition
Penetration of galactose in emerging markets
Galactose exploration in nutraceuticals for functional food supplements
Galactose adoption in agriculture for bio-stimulants and plant growth enhancers
Key Takeaways from the Galactose Market:

The galactose industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 6.7% through 2033.
The United States dominated the galactose industry in 2022, holding a 31.3% global market share.
In 2022, Japan had a 1.2% share of the galactose industry globally.
With a CAGR of 4.5% over the forecast period, India is predicted to develop rapidly in the galactose industry.
The galactose industry in China is expected to increase, registering a CAGR of 5.6% over the forecast period.
Germany accounted for 11.4% of the global galactose industry in 2022.
Competitive Landscape in the Galactose Market

Key Players are adopting various strategies to maintain their positions in the market and increase their global footprints. These strategies include:

Assessing galactose demand and supply trends in the market
Cultivating and harvesting galactose-rich sources such as dairy products, legumes, and certain seaweeds
Extracting galactose from these sources using various extraction methods
Purifying and refining galactose to ensure high quality and purity standards
Developing and implementing efficient production processes to maximize galactose yield
Conducting research and development to improve galactose production techniques and explore new sources
Monitoring market conditions and adjusting production levels accordingly
Collaborating with suppliers, distributors, and manufacturers to meet the demand for galactose-based products
Ensuring compliance with regulatory standards and guidelines related to galactose production
Marketing and promoting galactose as an ingredient in various industries such as food, pharmaceuticals, and cosmetics
Recent Developments by Key Players

In June 2023, Kyowa Hakko Kirin Co., Ltd. decided to concentrate its resources on Human Milk Oligosaccharides. It mainly consists of glucose, galactose, fucose, N-acetylglucosamine, and N-acetylneuraminic acid.
The acquisition of Schwan’s Company and Kahiki Foods Company by CJ CheilJedang Corp in 2019 allowed the company to broaden its presence in various markets.
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Sipping Sustainability: Exploring the Booming Plant-Based Beverages Market

The global plant-based beverages market, valued at $351.7 billion in 2023, is projected to grow at a robust 6.6% CAGR, reaching $668.9 billion by 2033. This growth is primarily driven by the increasing number of vegan consumers and rising disposable incomes. Millennials are expected to play a significant role in capturing market share, driven by their willingness to pay more for premium-quality plant-based beverages.

As of 2023, the market for plant-based beverages was estimated to be worth US$ 351.7 billion, and during the forecast period, it is expected to expand at a CAGR of 6.6%. By 2033, the market is projected to be worth US$ 668.9 billion.

The rise in vegan consumers is anticipated to be the main factor driving the industry. Additionally, it is projected that an increase in disposable income will accelerate market growth. This is because purchasing premium-quality beverages could require people to pay more. Most importantly, it is projected that millennials will make up a large chunk of the market share.

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In addition to going vegan, there has been an upsurge in flexitarians. These are the folks who must take these drinks for their health or who are gradually moving into this market. The USA and Europe are where this trend is most obvious.

Despite the fact that non-vegetarian cuisine is nutritious, excessive consumption might have negative health effects, according to healthcare professionals. In extreme circumstances, people may experience problems with their metabolism, cardiac conditions, or cancer. As a result, more people are converting to vegetarianism. This could increase demand for beverages made from plants over the forecast period.

Apart from that, there are a number of people who suffer from lactose intolerance. Therefore, they start consuming soy-based drinks or almond based drinks. This is also because of the fact that such beverages are a rich source of lot of other nutrients.

Moreover, a lot of manufacturers who were into selling conventional beverages have started investing huge amounts for plant-based beverages. This is because of the fact that the plant-based beverages are flavoured which brings about a lot of variety. Furthermore, a combination of taste and nutrition has made the plant-based beverages the drink to bank upon.

Thus, from the insights provided by FMI, it can be inferred that, “an increase in the vegan population, coupled with a lot of people suffering from lactose intolerance, and a number of factors are expected to surge the sales of plant-based beverages during the forecast period.”

Key Takeaways:

The plant-based beverages market is valued at US$ 351.7 billion as of 2023.
By 2033, the market is expected to reach a valuation of US$ 668.9 billion.
The market is projected to grow at a CAGR of 6.6% during 2023-2033.
Based on the regional analysis, Asia Pacific is expected to be the largest plant-based beverages market during the forecast period.
The USA market is expected to grow at a CAGR of 5.2%.
The UK market is expected to surge at a CAGR of 6.1%.
The China plant-based beverages market is projected to grow at a CAGR of 7.4%.
The Japan market is anticipated to grow at a CAGR of 4%.
The India market is expected to surge at a CAGR of 7.1%.
Based on the source, the plant-based juices are projected to hold the largest market share, growing at a CAGR of 6.4%.
Based on the nature, the conventional segment are projected to hold the largest market share, surging at a CAGR of 6%.
Competitive Landscape

The key players operating in the market are mainly focusing on technological upgradation, which would assist them in upscaling the production. Apart from that, the companies are also making use of various marketing strategies to convey the USP of the product. The key players are investing in mergers and acquisitions to surge the market share.

In November 2022, Danone New Zealand completed the switch to biomass boiler to power South Island spray drying plant with renewable energy.

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Plant-based Beverages Market Segmentation:

By Source:

Dairy Alternatives (Almond Milk, Soy Milk, Coconut Milk, Rice Milk, Oats Milk, Seed Milk, Cashew Milk, and Others)
RTD Drinks (Coffee, Tea),
Plant-based Juices (Fruit, Vegetable)
By Nature:

Organic,
Conventional
By Format:

Regular
Flavoured
By Packaging:

Glass Bottles
Plastic Bottles and Pouches
Carton Packaging
Cans
By Sales Channel:

Hypermarkets/Supermarkets
Convenience Stores
Independent Small Groceries
Speciality Stores
Online Retailers
By Region:

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

Dive into Flavor: Exploring the Global Canned Seafood Market

The global canned seafood market is projected to have a moderate-paced CAGR of 3.7% during the forecast period. The current valuation of the canned seafood market is US$ 33.6 billion in 2023. The value of the canned seafood market is anticipated to reach a high of US$ 48.2 billion, by the year 2033.

The demand for specialty and unique culinary products rises in tandem with consumer purchasing power. The utilisation of a range of seafood kinds has improved the business possibilities of American restaurants and motels. The market for canned seafood is predicted to expand as fish created from plants gain popularity.

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The market for canned fish is expanding quickly due to the convenience, long shelf life, and nutritional benefits of these items. The sector is still expanding due to rising consumer demand for ready-to-eat and portable options as well as greater awareness of the health benefits of seafood.

For instance, according to a Bloomberg Intelligence research, the market for fish canned in plants would grow from US$ 30 billion in 2020 to US$ 162 billion in 2030.

Scientists and marketers are creating nutrient-rich, authentic-tasting fish made from plants in response to the rising demand for seafood substitutes. For instance, the manufacturer of canned fish Karavela debuted a line of seafood products manufactured from yellow peas in December 2021.

Both small businesses and established businesses are exhibiting interest in fish made from plants. An alternative to tuna derived from soy, yeast, and sunflower extract was introduced by Atlantic Natural Foods. Additionally, Good Catch secured US$ 32 million in funding in January 2020 for their plant-based seafood, while another company, Impossible Foods, said in 2019 that it is working on plant-based fish.

As consumer awareness for ecologically and socially responsible seafood procurement grows, customers have begun choosing fish items that are acquired sustainably. As a result, more producers of canned salmon are attempting to get their raw materials from fisheries that have received certification from the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council in an effort to support the sustainable movement (ASC). Additionally, it ultimately led to a rise in canned fish sales.

Numerous manufacturers and distributors are concentrating on sales through online channels and e-commerce platforms as a result of customers’ increased interest in and preference for online shopping, which is being fueled by convenience. Therefore, brands like F.C.F. Fishery’s Bumble Bee and Dongwon Group’s StarKist are working more and more closely with online retailing businesses like Amazon, Alibaba, ASDA, and Waitrose & Partners to offer items on their e-commerce platforms. Additionally, business-to-business (B2B) and business-to-consumer (B2C) activities are supported through the internet and e-commerce platforms. In addition, new companies are enhancing logistics and the supply chain to assist in the hassle-free delivery of canned seafood to customers.

However, during the projection period, illegal fishing and overfishing may provide a significant threat to the canned seafood industry. Despite being the market’s main driver, commercial fishing has had a negative impact on fish stocks. Thus, it has caused overfishing and the depletion of fisheries.

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Key Takeaways:

Over the forecast period, the United Kingdom is anticipated to occupy a significant portion of the global canned seafood market. By purchasing fish solely during its season, British businesses are setting the standard for canning mackerel, tuna, sardines, anchovies, and salmon. Additionally, they obtain it mostly from the world’s most eco-friendly fisheries.
The canned seafood market in the United States is expected to grow significantly, over the projection period. All of the seafood that the key players buy comes from small-scale fishing villages in the United States, as well as Canada. They solely deal with fisheries that are managed responsibly to benefit both the environment and workers.
The caviar product category is anticipated to generate the most revenue throughout the course of the projection period because pharmaceutical businesses use it and the different extracts from its products to create tablets, capsules, and liquid medicines that assist patients overcome inadequacies.
As they offer discounts and deals to improve their sales results, the hypermarkets/supermarkets sales channel type, and is the most creative segment for key companies, accounting for a sizable portion.
Competitive Landscape:

The global canned seafood market is divided as a result of the presence of both international and local competitors. Significant market share is held by several corporations in their specialized industries. Leading firms frequently value organic developments, such as product approvals and the rise in demand for foods derived from animals, fats and oils, refined grains, and fruits and vegetables. The canned seafood market throughout the world is predicted to grow significantly as a result of these causes.

Key Players:

Nueva Pescanova
Marine Harvest ASA
Thai Union Frozen Products
Royal Greenlands
StarKist Co.
Nippon Suisan Kaisha Ltd.
Maruha Nichiro Corporation
Icicle Seafoods Inc.
LDH (La Doria) Ltd.
Wild Planet Foods
American Tuna Inc.
Universal Canning Inc.
Tri Marine Group
Trident Seafoods Corporation
Connors Bros. Ltd.
Recent Developments:

In May 2019, Rio de Oro, a Moroccan manufacturer of frozen fish, introduced a line of canned fish with a focus on the European market.
In August 2020, Golden Gate Capital and Thai Union Group PCL had agreed to sell each other the remaining stock interest in Red Lobster Seafood Co. Orlando is likely to continue to house Red Lobster’s headquarters.
Key Segments

By Product Type:

Caviar
Mackerel
Salmon
Sardines
Tuna
Others
By Sales Channel:

Hypermarkets/Supermarkets
Convenience Stores
Independent Grocery Stores
Specialty Stores
Online Retail
By Region:

North America
Latin America
Asia Pacific
MEA
Europe