Dietary Supplements Market to Showcase Continued Growth in the Coming Years

The global dietary supplements market size is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. It is estimated at USD 155.2 billion in 2022. The growth of the global market is estimated to be driven by the increasing health awareness among consumers. Dietary supplements are a growing application of nutraceutical products. The food and nutrition industries have evolved to give consumers a more personalized experience to compensate for dietary loss through supplemental nutrition. The dietary supplements market is driven by various factors, including increasing consumer awareness about health and wellness, rising demand for natural and organic products, and the growing prevalence of lifestyle diseases.

One of the main drivers of the dietary supplements market is the increasing consumer focus on health and wellness. Consumers are becoming more health-conscious and are looking for ways to improve their overall health and well-being. This has led to a growing demand for dietary supplements that can provide additional nutrients, vitamins, and minerals that may be lacking in their regular diet.

Another factor driving the dietary supplements market is the rising demand for natural and organic products. Many consumers are concerned about the potential side effects of synthetic drugs and are turning to natural alternatives. This has led to a growing demand for dietary supplements made from natural and organic ingredients.

The growing prevalence of lifestyle diseases such as obesity, diabetes, and cardiovascular diseases is also driving the dietary supplements market. Many consumers are turning to dietary supplements as a way to prevent or manage these diseases, as they can help to support healthy blood sugar levels, reduce inflammation, and support healthy cholesterol levels.

Finally, the aging population is also a significant driver of the dietary supplements market. As people age, their nutrient requirements change, and they may need additional nutrients, such as calcium and vitamin D, to maintain their health. This has led to a growing demand for dietary supplements that can provide these nutrients in an easy-to-consume format.

The key players in this market include 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). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Modified Starch Market Will Hit Big Revenues In Future

As the global population continues to grow, so does the demand for food products. This trend has resulted in the growth of the modified starch market, which has become an essential ingredient in the food industry. Modified starches are starch derivatives that have been chemically or physically modified to improve their functional properties. These modifications can improve properties such as viscosity, stability, texture, and flavor.

The modified starch market is expected to experience significant growth in the coming years due to the increasing demand for convenience food and the growing awareness of the health benefits of modified starches. The food industry is the primary end-user of modified starches, with applications in various food products such as bakery, dairy, meat, and confectionery.

In this article, we will explore the growth opportunities in the modified starch market, including its current state, trends, challenges, and future prospects.

Market Overview:

The modified starch market is segmented into various types such as cationic starch, acid-modified starch, oxidized starch, and others. The food industry is the primary end-user of modified starches, accounting for more than 50% of the global demand.

The Asia Pacific region is the largest consumer of modified starches, followed by North America and Europe. The region's growth can be attributed to the high population density and the increasing demand for convenience food products.

Trends:

One of the significant trends in the modified starch market is the shift towards natural and clean label ingredients. Consumers are becoming increasingly health-conscious, and they prefer food products made with natural ingredients. This trend has led to the development of modified starches from natural sources such as potato, corn, and tapioca starch.

Another trend in the modified starch market is the development of modified starches with specific properties that can cater to the different needs of the food industry. For example, modified starches with a low glycemic index can be used in products for diabetic patients, while modified starches with high viscosity can be used in products such as sauces and gravies.

Challenges:

The modified starch market faces several challenges, including the volatility of raw material prices, the high cost of production, and the stringent regulations governing the use of modified starches in food products. The high cost of production can be attributed to the complex process involved in modifying starches.

Future Prospects:

The modified starch market is expected to experience significant growth in the coming years, driven by the increasing demand for convenience food products and the growing awareness of the health benefits of modified starches. The market is expected to grow at a CAGR of 4.2% from 2021 to 2028, reaching a market size of $16.7 billion by 2028.

One of the major growth opportunities in the modified starch market is the development of modified starches with improved functional properties that can cater to the evolving needs of the food industry. For example, modified starches that can withstand high temperatures and shear can be used in products such as instant noodles, while modified starches with improved freeze-thaw stability can be used in frozen food products.

Another growth opportunity in the modified starch market is the development of modified starches from alternative sources such as seaweed and algae. These sources are abundant and can be used to develop modified starches with unique functional properties that can cater to the needs of the food industry.

Conclusion: 

In conclusion, the modified starch market is expected to experience significant growth in the coming years due to the increasing demand for convenience food products and the growing awareness of the health benefits of modified starches. The market is expected to face several challenges, including the volatility of raw material prices and the stringent regulations governing the use of modified starches in food products.

Fats and Oils Market to Showcase Continued Growth in the Coming Years

Fats and oils are a staple in the food industry and are used in various applications such as cooking oils, margarine, spreads, and bakery products. The global fats and oils market is expected to grow significantly in the coming years, with a CAGR of 3.8% from 2021 to 2026. The global fats & oils market is estimated to be valued at USD 236.7 billion in 2021. It is projected to reach USD 285.22 billion by 2026, driven by factors such as the increasing demand for convenience food and the growing popularity of plant-based fats and oils.

In this article, we will discuss the growth opportunities in the fats and oils market, including emerging trends, market drivers, and challenges. We will also explore the key players in the market and their strategies.

Introduction:

The global fats and oils market is a diverse and rapidly growing industry, driven by changing consumer preferences and the rising demand for healthy and sustainable products. The market includes a wide range of products, from traditional animal fats such as butter and lard to vegetable oils such as olive and coconut oil.

Market Overview:

The global fats and oils market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for convenience food and the growing popularity of plant-based fats and oils. The market is divided into two segments: animal fats and vegetable oils. Animal fats account for approximately 30% of the market share, while vegetable oils make up the remaining 70%.

Market Drivers:

The global fats and oils market is driven by several factors, including changing consumer preferences, rising disposable incomes, and the increasing demand for convenience food. Consumers are becoming more health-conscious and are looking for healthier options, such as plant-based fats and oils. Moreover, the demand for convenience food is increasing due to busy lifestyles and the rise of the on-the-go culture.

Emerging Trends:

The fats and oils market is constantly evolving, with new trends emerging every year. Some of the emerging trends in the market include the growing popularity of plant-based fats and oils, the use of sustainable and environmentally friendly ingredients, and the increasing demand for organic and non-GMO products.

Challenges:

The fats and oils market faces several challenges, including fluctuating prices of raw materials, the rising competition from alternative products, and changing government regulations. The market is also affected by the ongoing COVID-19 pandemic, which has disrupted supply chains and affected consumer demand.

Key Players:

The fats and oils market is highly competitive, with several key players operating in the market. Some of the major players in the market include Cargill, Wilmar International, Archer Daniels Midland, Bunge, and IOI Corporation. These companies are focusing on expanding their product portfolios and investing in research and development to stay ahead of the competition.

Strategies:

To stay competitive in the market, companies are adopting several strategies, including mergers and acquisitions, partnerships, and product launches. For instance, in 2020, Archer Daniels Midland acquired Rodelle, a premium baking and culinary ingredients company, to expand its product portfolio. Similarly, Cargill partnered with InnovaFeed to develop sustainable and innovative solutions for the animal feed industry.

Conclusion: 

In conclusion, the global fats and oils market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for convenience food and the growing popularity of plant-based fats and oils. The market is highly competitive, with several key players operating in the market. To stay ahead of the competition,

Cocoa and Chocolate Market Growth by Emerging Trends, Analysis, & Forecast

The global cocoa and chocolate market is experiencing steady growth, driven by increasing demand from emerging markets, rising consumer preference for premium and organic chocolates, and growing awareness of the health benefits of dark chocolate.

The global cocoa market is projected to reach USD 26.3 billion by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The global chocolate market is projected to reach USD 160.9 billion by 2027, growing at a CAGR of 4.7% from 2022 to 2027. Increasing sales of chocolate confectionery products to be consumed as comfort food is responsible for making it a regular grocery items in households. Chocolate is considered a traditional gift on special occasions and festivals such as Christmas, Easter, Halloween, and Valentine’s Day in American and European countries, a trend which is now adopted in some Asian countries such as India, China, and Japan.

The market is segmented by type of chocolate (dark, milk, and white), product type (chocolate bars, chocolate coating, chocolate chips, etc.), and distribution channel (supermarkets/hypermarkets, convenience stores, online retail, etc.). Dark chocolate is the fastest growing segment, driven by its perceived health benefits, including antioxidant properties and lower sugar content.

The market is dominated by a few large players, including Nestle, Mars, Mondelez International, Ferrero, and Hershey's, who account for a significant share of the global market. However, smaller players are gaining traction by offering unique and niche products, such as artisanal chocolates and organic chocolate bars.

Key challenges facing the market include the impact of climate change on cocoa production, increasing competition from other snack options, and rising concerns about the sustainability and ethical sourcing of cocoa beans. The industry is responding with initiatives such as the Cocoa and Forests Initiative, which aims to eliminate deforestation in the cocoa supply chain by 2030.

Cocoa and Chocolate Market Scope -

The global cocoa and chocolate market is expected to grow at a significant rate over the forecast period of 2022 to 2027. The growth can be attributed to the increasing demand for chocolate products, rising disposable income, and changing consumer preferences for healthy and organic chocolate products.

The market is segmented by product type, including cocoa powder, cocoa butter, chocolate liquor, and chocolate. By application, the market is segmented into confectionery, bakery, beverages, and others. The confectionery segment holds the largest share in the market due to the high demand for chocolate products such as bars, candies, and snacks.

The market is also segmented by distribution channel, including supermarkets/hypermarkets, convenience stores, online channels, and others. Supermarkets/hypermarkets hold the largest share in the market as they are easily accessible and offer a wide variety of chocolate products.

Regionally, Europe is the largest market for cocoa and chocolate products, followed by North America and Asia Pacific. The growth in these regions can be attributed to the high consumption of chocolate products and increasing disposable income.

Modified Starch Market to Showcase Continued Growth in the Coming Years

The modified starch market is a growing sector within the global food industry. Modified starches are starches that have been chemically or physically modified to enhance their functionality in various food applications. They can be used as thickeners, emulsifiers, stabilizers, and binders in a wide range of food products, including baked goods, sauces, soups, and beverages.

The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. The increasing demand for convenience foods, the growth of the food and beverage industry, and the growing awareness of clean label products are some of the key factors driving the growth of the modified starch market.

The Asia-Pacific region is expected to dominate the modified starch market during the forecast period, with countries such as China and India driving the growth. The increasing urbanization, rising disposable income, and changing dietary habits of consumers in the region are fueling the demand for processed and convenience foods, which, in turn, is boosting the demand for modified starches.

Some of the major players operating in the global modified starch market include Archer Daniels Midland Company, Cargill, Ingredion, Tate & Lyle, Roquette Frères, Avebe, Emsland Group, Grain Processing Corporation, and Agrana. These companies are investing in research and development activities to develop new and innovative modified starch products and to meet the changing needs and preferences of consumers.

Modified Starch Market Growth Opportunities:

Modified starch is a type of starch that has been altered from its original state through physical, chemical, or enzymatic processes. The modification of starch can result in a variety of functional properties, including increased stability, improved texture, and enhanced thickening or binding properties.

The modified starch market has seen significant growth in recent years, driven by the increasing demand for convenience foods and processed foods. Modified starches are used in a wide range of food products, including baked goods, dairy products, confectionery, and beverages. They are also used in non-food applications, such as in paper and textile production.

The Asia-Pacific region is the largest market for modified starch, accounting for more than 40% of the global demand. This is due to the region's large and growing population, as well as the increasing demand for convenience foods and processed foods in countries such as China and India. North America and Europe are also significant markets for modified starch.

The major players in the modified starch market include Cargill, Ingredion, Archer Daniels Midland Company, Tate & Lyle, and Roquette Frères. These companies invest heavily in research and development to create new and innovative modified starch products that meet the changing needs of the food and beverage industry.

Despite the growth in demand for modified starch, there are concerns about the potential health effects of consuming large amounts of processed foods that contain modified starch. Some studies have linked high consumption of processed foods to an increased risk of obesity, diabetes, and other health problems. As a result, there is a growing demand for healthier, more natural alternatives to modified starch in the food industry.

Wheat Protein Market to Showcase Continued Growth in the Coming Years

The wheat protein market is projected to reach USD 3.1 billion by 2026, from USD 2.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The market is driven by factors such as a shift in preference for plant-based protein foods, increased demand for meat-free diets, and growing incidence of lactose intolerance.

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The wheat protein industry is expected to witness significant growth opportunities due to increasing demand for plant-based proteins, health and wellness trends, increasing demand for processed foods, growing demand for pet food, emergence of new applications, rising demand from the Asia-Pacific region, and technological advancements. With a surge in demand for wheat protein, especially among vegetarians and vegans, the market is gaining popularity in several sectors such as food, personal care products, cosmetics, and pharmaceuticals. The development of new and innovative technologies to extract wheat protein and improve its functional properties is also expected to drive market growth.

Opportunities: Growing potential for plant-based proteins due to increased affinity for sustainable food sources

Consumers these days look out for terms such as “natural”, “organic”, and “GMO-free” in order to make instant purchase decisions. As a result, plant-based protein products remain the more preferable choice, to rely on growth opportunities. The demand for plant-based proteins such as soy proteins, potato proteins, wheat proteins, pea proteins, etc., are projected to grow due to the positioning of these plant-based proteins as a sustainable food source. Furthermore, the cost advantage, and a certain level of awareness regarding the authenticity of naturally-sourced products, act as few reasons as to why the popularity of this market has been growing.

By application, pet food segment is projected to be the fastest-growing segment in the market during the forecast period.

The growing expenditure on pet food products along with pet humanization in economies such as India and the US is expected to drive the market growth in the pet food segment. Changing consumer preferences driven by awareness toward meat sourcing practices, its ecological impact, and animal-borne diseases have led to more consumers opting out of meat consumption. The resulting change has led to consumer demand shifting from conventional animal-based proteins to plant-based alternatives.

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Asia Pacific is projected to be the fastest-growing region in the wheat protein market during the forecast period.

The Asia Pacific region is projected to be the fastest growing region due to increased demand for meat-free diets and a shift in consumer preference for healthy food options. The increase in R&D for plant-based protein, the growing vegan population, new product launches, and growing investments in the bakery industry are expected to drive the market growth in this region during the forecast period.

Wheat Protein Market Key Players:

Key players in this market include ADM (US), Cargill (US), Agrana (Austria), MGP Ingredients (US), Manildra Group (Australia), Roquette (France), and Glico Nutrition (Japan). These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities, along with strong distribution networks across these regions.

Food Inclusions Market Will Hit Big Revenues In Future

The food inclusions market is expected to grow at a CAGR of 6.9% during the forecast period, with a projected size of USD 18.7 billion by 2027. In 2022, the market was estimated to be valued at USD 13.4 billion. The changing dynamics, owing to the factors such as the changing consumer requirements, industrial investments, R&D, increasing stringency of food regulations, and greater urge among industry players to attain the market leadership position, have led to continuous innovations in product offerings by market players, which are aligned with consumer demand.

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Food inclusions have enabled food & beverage manufacturers to improve organoleptic properties, especially in terms of flavor, taste, texture, and appearance. As a result, mass-marketed products and products such as oats and cereal specifically targeted at health-conscious consumers are gaining significant demand from consumers, owing to their inclusion content. The use of inclusion has also aided product manufacturers in adopting and continuing with their marketing strategies and positioning their products as "healthy" without violating the prevailing norms of food labeling.

Opportunities: Product premiumization, functional food products, and resultant new product development to present growth opportunities

Premiumization of products is gaining global significance, with consumers increasingly willing to spend extra on premium products. The word "premium" is associated with the aspect of "quality" and "indulgence" along with other factors, such as "safety." Owing to this, consumers prefer to pay that little extra in mark-up price. As the trend of premiumization is on the rise, it presents an opportunity for growth in the range of premium products for food inclusion manufacturers. The category of functional food segments within premium products currently offers significant opportunities for growth in the consumption of food inclusions.

By application, the cereals products, snacks & bars segment is projected to dominate the food inclusions market in the forecasted period.

Food inclusions, with their ability to enhance organoleptic properties and nutritional profile, are ideal ingredients for addition in cereal products, snacks & bars, as they enhance product appeal. Consequently, inclusions are significantly consumed for use in products in this category, as their content has become the Unique Selling Proposition (USP) and core factor of product marketing.

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By region, Europe was the largest regional market for the food inclusions industry.

The European market accounted for the largest share in 2021. The largest market share of Europe can primarily be attributed to factors such as the region's large-scale production and domestic consumption of food inclusions. Moreover, food & beverage manufacturers urge product innovation with the use of novel ingredients to cater to consumer indulgence. The market in the Asia Pacific is projected to grow at the highest CAGR of 9.5%, owing to the rising consumption of inclusions and their innovative usage in line with the flavor profile and other consumer requirements, along with the westernization of diets.

Key Market Players:

Key players in this market include Cargill (US), ADM (US), Barry Callebaut (Switzerland), Tate and Lyle (US), Agrana (Austria), and Taura Natural Ingredients Ltd. (New Zealand).