Upcoming Growth Trends in the Plant-based Meat Market

The global plant-based meat market size is estimated to valued at USD 7.9 billion in 2022 and is projected to reach USD 15.7 billion by 2027, recording a CAGR of 14.7%, in terms of value during the forecast period. Plant-based meat products serve as an alternative to animal meat. The rise in consumption of plant-based meat is either due to medical reasons or lifestyle changes.

 

 

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The increasing awareness about the benefits of a vegan diet is one of the major factors for the growth of plant-based meat products worldwide A substantial increase in the vegan population has been seen in many major countries. More than 39% of the people in the US are adding more vegan food options to the dishes they eat. From 2017 to 2019, plant-based sales grew by 31.3%. According to a survey commissioned by the Vegan Society, the number of vegans in the UK quadrupled between 2014 and 2018. In 2019, there were 6,00,000 vegans, around 1.16% of the population. Veganism was first coined in the UK.

 

Key players in this market include Beyond Meat (US), Kellogg Company (US), Impossible Foods Inc. (US), Maple Leaf Foods (Canada), Unilever (UK), Conagra Foods (US), Tofurky (US), Gold&Green Foods Ltd (Finland), Sunfed (New Zealand), and Monde Nissin (Philippines).

 

The key players are focusing heavily on improving their market shares by product launches and strategic expansion, while newer start-ups are being established rapidly in the market. The plant-based meat market can be classified as a consolidated market with major market share of 70-75% is acquired by top 5 key players operating in the market, present at the global level.

 

Beyond Meat (US), a Delaware Corporation is one of the biggest alternative protein brands offering a portfolio of plant-based meats. The company markets the plant-based product via three categories: beef, pork, and poultry. Beyond Meats range of plant-based meat products can be categorized into four segments: Beyond Burgers, Beyond Sausage, Beyond Beef, and Beyond Beef Crumbles. The company has a wide presence in the US. Its factories are in Columbia and Missouri of the US.

 

Impossible Foods Inc., (us), manufactures plant-based products by observing animal products at the molecular level and selects specific proteins and nutrients from greens, seeds, and grains to recreate meat and dairy products. Impossible Foods Inc. has its first large-scale food manufacturing site located in Oakland, California. The countries where the company has its presence include the US, Canada, Hong Kong, Macau, and Singapore.

 

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Europe region is one of the fastest-growing regions in terms of consumption and production. The manufacturers in Europe are currently focusing on new product developments that include plant-based meat with better texture, appearance, and composition. The innovative product development in the region is backed by appropriate research and development facilities available in the region

Sustainable Growth Opportunities in the Dietary Supplements Market

The global Dietary Supplements Market is estimated at USD 155.2 billion in 2022; it is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. Increasing awareness regarding nutrition and healthy lifestyles is driving the market for dietary supplements. It is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. When combined with proper nutrition, dietary supplements can enhance the body’s natural defenses and immunity. As people become more conscious of holistic wellbeing, the demand for immunity-boosting products is expected to increase in the coming years.

 

 

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The Dietary Supplements market consists of a few globally established players such as Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), Otsuka Holding Co, LTD (Japan), H&H Group (China), Arkopharma (France), Bayer AG (Germany), Glanbia Plc (Ireland), Natures Sunshine Products Inc (US), Fancl Corporation (Japan), Danisco (Denmark), Bionova (India), American Health (US), Pure Encapsulations LLC (US), GlaxoSmithKline, PLC (UK). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.

 

Herbalife Nutrition is a global nutrition firm that offers weight management, sports nutrition, and health & wellness products to people across the world. They distribute and advertise various nutrition products to and through a network of independent members, using a direct-selling business model. The company operates through five business segments, namely Weight Management, Targeted Nutrition, Energy, Sports and Fitness, Outer Nutrition and Literature, Promotional, and Others. It offers dietary supplements under the Weight Management and Targeted Nutrition product categories. Herbalife Nutrition offers a wide range of high-quality and science-backed products, including meal replacement protein shakes, teas, aloes, protein bars, nutritional supplements, sports hydration, and outer nutrition products. Till now, the company has marketed and sold approximately 120 types of products. The company’s manufacturing facilities, known as Herbalife Innovation and Manufacturing Facilities or HIMs, include HIM Lake Forest, HIM Winston-Salem, HIM Suzhou, and HIM Nanjing. Approximately 60% to 65% of their inner nourishment products distributed worldwide are made in the HIM manufacturing facilities.

 

The Archer-Daniels-Midland Company (ADM) harnesses the power of nature to offer nutrition to people all over the world. The corporation is a global leader in human and animal nutrition. It is also the world's largest agricultural origination and processing company. ADMs breadth, depth, insights, facilities, and logistical expertise give it unparalleled capabilities to address food, beverage, health & wellness, and other needs. ADM owns and manages a global grain elevator and transportation network for procuring, storing, cleaning, and transporting agricultural raw materials such as oilseeds, corn, wheat, milo, oats, barley, and products derived from those inputs. The company owns trademarks, brands, recipes, and other intellectual property, including patents, with a net book value of $903 million as of December 31, 2020. The company operates through four business segments: AG Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Others. It offers dietary supplements under its Nutrition segment. The company’s Nutrition segment is involved in the manufacturing, sales, and distribution of a wide array of dietary supplements and nutrition products, including probiotics, prebiotics, enzymes, botanical extracts, and other specialty food & feed ingredients. The segment also comprises activities such as the manufacturing of contract and private label pet treats and foods, as well as the processing and distribution of formula feeds and animal health and nutrition products. The company operates through 46 innovation centers, 345 processing plants, 480 crop procurement facilities, and 200 bulk storage facilities in around 200 countries across the regions. ADM operates through numerous subsidiaries, such as Ab Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (Us), Ohly (Germany), Golden Peanut Company LLC (US), ADM Milling (US), ADM Do Brasil Ltda. (Brazil), Wild Flavors, Inc. (US), and ADM Hamburg Ag (Germany).

 

Amway is one of the worlds largest direct selling companies. The company manufactures and distributes nutrition, beauty, personal care, and home products, which are sold solely through Amway’s Independent Business Owners (IBOs) in over 100 countries. The company operates through four business segments, namely Nutrition, Beauty, Personal Care, and Home and Others, which include Energy Drinks and Sports Nutrition products. It offers dietary supplements under its Nutrition segment. Dietary supplements and vitamins are offered under its Nutrilite brand. Amway is present in over 100 countries and territories and covers over 60 languages. More than 15,000 employees are involved in this organization, including around 500 scientists, engineers, and technical professionals. Amway has over 1,000 global patents and patents pending for its products, which is a natural result of its commitment to innovation and rigorous testing. Amway owns and operates about 6,000 acres (2,428 hectares) of certified organic farmland in Jalisco (Mexico), Trout Lake (Washington, US), and Ubajara (Brazil). Amway has about 750 locations and spaces worldwide, including experience centers, shops, plazas, and distribution centers. Amway operates six manufacturing facilities in strategic locations across the world that produce millions of high-quality products for its Amway Business Owners (ABOs) and customers.

 

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Pfizer Inc. is a research-based, global biopharmaceutical company. Through the research, development, manufacturing, marketing, sale, and distribution of biopharmaceutical medicines around the world, the company employs science and its global resources to offer therapies to people that extend and significantly improve their lives. The company seeks to promote wellness, prevention, treatments, and cures for the world's most feared diseases in both developed and emerging markets. On June 2, 1942, the company was incorporated under the laws of the State of Delaware. Pfizer manufactures medicines, vaccines, and consumer healthcare products, among others. The company operates through two business segments, namely, Biopharma and Pfizer CentreOne. It offers consumer healthcare products, including multivitamins and calcium supplements, through brands Centrum and Caltrate, respectively, under the Consumer Healthcare segment. In 2019, Pfizer and GSK combined their respective consumer healthcare businesses into a JV that operates globally under the GSK Consumer Healthcare name. The company has its presence in North America, Europe, the Asia Pacific, and the Middle East. Some of the major subsidiaries of Pfizer are Pharmacia & Upjohn (Sweden), Pfizer Japan Inc. (Japan), Medivation (US), and Hospira (US).

Sustainable Growth Opportunities in the Meal Replacement Market

According to MarketsandMarkets, the global meal replacement market size is estimated to be valued at USD 11.9 billion in 2021 and is projected to reach USD 15.5 billion by 2026, recording a CAGR of 5.4% during the forecast period in terms of value. It is driven by increasing prevalence of obesity and diabetes coupled with the increasing population of health-conscious consumers and changing consumer lifestyle and availability of convenient nutritious meal in the form of meal replacement.

Meal replacement products are an alternative to meals, which contain all the required nutrients, with low calories and high protein. Meal replacement products are also developed to help consumers with busy lifestyles and less time to get a meal’s worth of nutrients with less effort and more convenience.

 

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The meal replacement market has a high potential in emerging markets, such as Asia Pacific. Although the consumption of meal replacement products in Asia remains lower than in the US and Europe, the westernization of food habits of the Asian population coupled with a rise in awareness regarding health and wellness has led to an increase in demand, especially from the young and millennial population.

 

North America dominated the global meal replacement market. The market in the region is highly diversified, and manufacturers are strongly focusing on the development of new meal replacement products to cater to the demand from end users. Although North America holds the largest share, the meal replacement market is matured and is projected to grow at a steady rate during the forecast period. It is largely driven by factors such as presence of major meal replacement product manufacturers, such as Abbott Laboratories (US), Amway (US), Herbalife Nutrition (US), Atkins (US), Kellogg Co. (US), Skin Enterprises Inc. (US), USANA Health Sciences Inc. (US), among others.

 

Among various types of products, powder segment accounted for the major market share in the overall meal replacement market. Meal replacement powders are consumed in the form of shakes with the addition of water or low-calorie milk. Thus, the convenience and ease of consumption of meal replacement powders drive the market growth.

Based on distribution channel, the online segment is projected to be the fastest-growing during the forecast period. The rising internet and smartphone penetration, primarily from emerging economies, is anticipated to accelerate the growth of online distribution channels for the meal replacement market.

 

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Key players in this market include Abbott Laboratories (US), Glanbia (Ireland), Amway (US), Herbalife Nutrition (US), Nestle (Switzerland), Atkins (US), Huel (UK), Kellogg Co. (US), Skin Enterprises Inc. (US) and USANA Health Sciences Inc. (US).

Biofertilizers Market to See Major Growth by 2026

The global biofertilizers market size is estimated to be valued at USD 2.6 billion in 2021 and is expected to reach a value of USD 4.5 billion by 2026, growing at a CAGR of 11.9% in terms of value during the forecast period. Factors such as increased awareness and consumption of organic foods, organic meat, and organic clothes, which has resulted in the increase in demand for organic crop production, thereby increasing the demand and consumption for organic farm inputs (which includes biofertilizers) in developed economies such as North America and Europe. Along with increasing trend of exporting oilseed and legume crops such as soybean, cotton, and pulses to countries in Asia Pacific and South America for the adoption of biofertilizers are some of the factors driving the growth of the biofertilizers market during the forecast period.

 

 

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Biofertilizers are substances that contain living microorganisms or latent cells. Biofertilizers are made from biological wastes and do not contain any chemicals. The National Center of Organic Farming (NCOF) defines biofertilizers as “products containing carrier-based (solid or liquid) living microorganisms, which are agriculturally useful in terms of nitrogen fixation, phosphorus solubilization, or nutrient mobilization, to increase the productivity of the soil and/or crop.

 

Biofertilizers are cheap and are applied in small dosages, in comparison with chemical fertilizers. Besides affecting the crops directly, they increase the population of soil microorganisms. They also secrete plant hormones, which favor germination and root growth.

 

Among the three types of biofertilizers covered in this study, nitrogen-fixing biofertilizers are used for leguminous and non-leguminous crops. They are used to grow other crops as well, especially rice and sugarcane. On the other hand, phosphate solubilizing & mobilizing biofertilizers secrete organic acids and lower the pH in the nearby soil, which dissolves the phosphates in the soil. Potash solubilizing & mobilizing biofertilizers are used in various crops such as wheat, cotton, paddy, barley, and sorghum. They are also used for vegetables such as potatoes, eggplants, cauliflowers, cabbages, and onions, besides being used for flowers and medicinal crops.

 

Biofertilizers are used as an alternative to chemical fertilizers for crop protection and to increase soil fertility. These biofertilizers are found either in liquid form or with the help of carriers—solid form. The choice of the formulation is based on effective and easy application, end-user requirements, and equipment availability. A large number of factors that can affect the economic feasibility of biofertilizers include the purpose, market requirements, variability of field performance, cost of production, and several technological challenges, including fermentation, formulation, and delivery systems.

 

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The North American market is projected to dominate the market due to the rising demand for organic products, increasing acceptance of biofertilizers among rural farmers, and high adoption of advanced irrigation systems such as drip & sprinkler irrigation for fertigation. A stringent regulatory environment in addition to a growing preference for the usage of biofertilizer products has led to the favorable growth of the market. Industrialization, mining, and urbanization have led to a decrease in arable land in North America.

Upcoming Growth Trends in the Water Soluble Packaging Market

The report "Water Soluble Packaging Market by Raw Material (Polymer, Surfactant, and Fiber), End Use (Industrial, and Residential), Solubility Type (Cold Water Soluble and Hot Water Soluble), Packaging Type, and Region - Global Forecast to 2025" According to MarketsandMarkets, the water soluble packaging market is estimated to be valued at USD 2.8 billion in 2019 and is projected to reach USD 3.7 billion by 2025, recording a CAGR of 5.0%. The rapidly growing environmental and sustainability concerns across the globe and government initiatives to reduce the use of plastics are driving the market for water soluble packaging.

 

 

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The food & beverage and agriculture in industrial segment are projected to witness the significant growth during the forecast

 

Based on end use, the water soluble packaging market is segmented into industrial and residential, wherein industrial segment is sub-divided into pharmaceuticals, food & beverages, agriculture, chemicals, and water treatment. The food & beverages and agriculture segments are projected to witness significant growth during the forecast period due to the increasing concerns toward waste production due to high use of non-biodegradable plastics and their harmful effects on packaged food & beverages.

 

In the agriculture industry, chemical fertilizers wrapped with water soluble packets ease out the handling process. Also, dissolved packaging of the fertilizers cut down the packaging waste generation and leads to reduced cleaning costs.

 

The pouches segment is accounted to have the major share in the water soluble packaging market during the forecast period

 

By packaging type, the water soluble packaging market is segmented into pouches, bags, and pods & capsules. The pouches segment is estimated to account for the major share in the water soluble packaging market due to the high usage of water soluble packaging in the chemical industries. In the current scenario, most of the packaging is made of plastic for safe and secure handling and usage of detergent; water soluble packaging of detergent serves the purpose better. Detergent wastage can be minimized as water soluble packets or sachets can be made available to consumers for household and industrial cleaning. The water soluble packaging avoids direct contact with detergent as the product can be used without removing the package, which will ensure safe usage.

 

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The Asia Pacific region is projected to witness the fastest growth during the forecast period

 

The water soluble packaging market in Asia Pacific is projected to witness high growth due to the strong local and export demand. The rising population and growing number of manufacturing industries in Asia Pacific is the key factor driving the market for water soluble packaging. The manufactured product is used domestically as well as exported. China and Japan are the hubs for water soluble film production. In India, the population is increasing rapidly, and the country is striving for safe, better, clean, and healthy lifestyle. The water soluble packaging market will grow in these regions at a high rate.

 

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Lithey Inc. (India), Mondi Group (Austria), Sekisui Chemicals (Japan), Kuraray Co. Ltd. (Japan), Mitsubishi Chemical Holdings (Japan), Aicello Corporation (Japan), Aquapak Polymer Ltd (UK), Lactips (France), Cortec Corporation (US), Acedag Ltd. (UK), MSD Corporation (China), Prodotti Solutions (US), JRF Technology LLC (US), and Amtopak Inc. (US).

Sustainable Growth Opportunities in the Food Enzymes Market

 The report "Food Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Source, Application (Food & Beverages), Formulation, and Region(North America, Europe, Asia Pacific, and South America) – Global Forecast to 2026" The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The growing demand for a diverse range of food products, clean label trends, and an increase in disposable income are the factors that are projected to drive the growth of the food enzymes market globally.

 

 

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The microorganism segment is projected to witness significant growth during the forecast period.

 

Based on source, the food enzymes market is segmented into microorganisms, plants, and animals. The microorganism segment is projected to witness the fastest growth during the forecast period, as enzymes obtained from microbial sources lead to low production costs and are stable than other sources. They can be produced through fermentation techniques in a cost-effective manner with less time and space requirement, and because of their high consistency, process modification and optimization are easily done.

 

The carbohydrases segment is projected to account for a major share in the food enzymes market during the forecast period

 

By type, the food enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylase is used in the baking industry as the addition of amylase to the dough, enhances the fermentation rate which results in the reduction of the viscosity of dough, further improving the volume and texture of the product. Due to easy modification and optimization processes, there is a huge usage of amylase in the food & beverage industry.

 

The North American region dominated the food enzymes market with the largest share in 2020, whereas Asia Pacific is expected to witness the highest growth rate.

 

The food enzymes market in North America was dominant due to the increasing demand for enzymes in food applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food & beverage industry one of the essential sectors in North America. However, the shift of food operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the food enzymes market in the Asia Pacific region.

 

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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen Holdings A/S(Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Aumgene Biosciences (India), Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).

Food Inclusions Market to See Major Growth by 2027

According to a research report "Food Inclusions Market by Type (Chocolate, Fruit & Nut, Cereal, Confectionery), Application (Cereal Products, Snacks & Bars, Bakery Products, Dairy & Frozen Desserts, Chocolate & Confectionery Products), Form, Flavor and Region - Global Forecast to 2027" published by MarketsandMarkets, the food inclusions market size is estimated to be valued at USD 13.4 billion in 2022 and is projected to reach USD 18.7 billion by 2027, recording a CAGR of 6.9% during the forecast period in terms of value. Inclination towards convenience food has been drastically increased owing to the changing dynamics of the population, such as increasing disposable income, adoption of western culture especially in developing countries, increasing population, growing urbanization, and boosting the percentage of working women. In recent years, breakfast cereals, snack bars, and other convenience food have taken a significant place in developing countries’ diets, which has resulted in the growth of food inclusions.

 

 

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The fruits and nuts type segment is estimated to hold the largest market share in the food inclusions market.

 

Especially after the pandemic, consumers have shown their interest in food and drink products that have positive benefits and nutritional values. The globe has experienced an increase in the demand for fruits rich in immunity-boosting antioxidants and vitamins, such as raspberries and blueberries. Officials from various food inclusions manufacturers are reporting that the consumers are preferring various types of fruits and nut inclusions in convenience foods. For example, almonds are finding various applications in various bakery products, such as muffins, cookies, brownies, and bread, which promotes nutritional content and provides a premium look to the bakery products. Increasing consumption of fruits and nuts inclusions in various applications has resulted for a large market share of fruits and nuts in the type segment.

 

The bakery products segment is estimated to be the fastest growing application in the food inclusions market.

 

The market for food inclusions in bakery products is significant, mainly in Western countries such as the US, Canada, and European countries, as bakery products are a part of the everyday diet of consumers in these countries. As per the American Bakers Association, the bakery industry contributes around 2% to the gross domestic products of the US. The bakery industry in the country is highly fragmented, with 9,000 bakeries contributing around USD 3 billion in revenue, 75% of the revenue is generated by 50 large companies. Groupo Bimbo, Dave’s Killer, and Campbell Soup Company are the three largest companies that account for 55% of the total commercial bakery revenue in the country. The large company bases in various regions will help the food inclusions market to grow through innovating product offerings during the forecast period.

 

Solid & semi-solid forms are the fastest-growing form segment in the food inclusions market.

 

Solid & semi-solid forms consist of various forms such as food inclusions in pieces, nuts, flakes & crunches, chips & nibs, and powder. Solid & semi-solid forms in the food inclusions market mainly includes chunks, cubes, nuggets, balls, buttons, and spheres of various shapes and sizes offered by food inclusion manufacturers. The form offers flexibility in terms of taste, texture, mouthfeel, color, and flavor. In addition the form can be offered as both coated and uncoated products, with smooth, glossy, or rough textures, providing food & beverage manufacturers with flexibility in terms of variety. Owing to all these factors, solid & semi-solid are gaining more popularity when compared to liquid form inclusions.

 

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Europe is estimated to be the largest region for the food inclusions market in 2022.

 

The European food inclusions market is led by countries such as Germany, the U.K., France, and Italy. Since the bakery and confectionery markets in the European market have saturated, major players in the region are focusing on research and development to introduce new categories of low-fat food inclusions products. Changing consumer trends, such as the rising level of health consciousness, which has compelled consumers to pay more attention to their diet, have reformed the overall bakery industry in the country. Expanding product ranges to include healthier products helped companies grow with the changing preference of consumers will drive the food inclusions market during the forecast period.

 

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as ADM (US), Sensory Effects (US), Barry Callebaut (Switzerland), AGRANA Beteiligungs-AG (Austria), Taura Natural Ingredients Ltd. (New Zealand), and Nimbus Foods Ltd (UK).