Key Trends Shaping the Dietary Supplements Market

The dietary supplements market has seen steady growth over the past few years and is expected to continue to grow in the coming years. The market is driven by the increasing awareness of health and wellness, a rise in consumer disposable income, and an aging population seeking preventative health measures.

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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 market is segmented by product type, application, end-user, and geography. The product type segment includes vitamins, minerals, botanicals, amino acids, and others. Vitamins and minerals are the most commonly used supplements, followed by botanicals.

The application segment includes additional supplements, medicinal supplements, and sports supplements. Additional supplements are the most commonly used, followed by sports supplements. The end-user segment includes adults, pregnant women, infants, and children. Adults are the largest end-user group for dietary supplements.

North America dominates the global dietary supplements market, followed by Europe. Asia-Pacific is expected to be the fastest-growing region due to the increasing population, rising disposable income, and growing awareness of health and wellness.

Some of the key players in the dietary supplements market include Abbott Laboratories, Amway Corporation, Archer Daniels Midland Company, Glanbia Plc, GlaxoSmithKline plc, Herbalife International, Nestle S.A., Pfizer Inc., and The Nature's Bounty Co.

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Growth opportunities in the dietary supplements market include developing innovative products, expanding into emerging markets, and increasing research and development activities. The market is highly competitive, and companies need to differentiate themselves by offering unique products and services to stay ahead of the competition.

In conclusion, the dietary supplements market is expected to continue to grow in the coming years, driven by increasing awareness of health and wellness and an aging population seeking preventative health measures. Companies can take advantage of this growth by developing innovative products and expanding into emerging markets.

Meal Replacement Market Growth by Emerging Trends, Analysis, & Forecast

The meal replacement market has seen significant growth in recent years as more people seek convenient and healthy food options to fit into their busy lifestyles. The market includes a wide range of products such as shakes, bars, and powders, which are designed to replace one or more meals per day with a nutritionally balanced option.

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Industry Analysis:

The global meal replacement market is projected to reach USD 15.4 billion by 2026, growing at a CAGR of 5.4% between 2021 and 2026. North America is the largest market for meal replacements, followed by Europe and the Asia Pacific.

The growth of the meal replacement market can be attributed to several factors such as the increasing demand for convenient and healthy food options, the rising prevalence of obesity and other lifestyle diseases, and the growing awareness about the importance of nutrition and wellness.

Key Players:

The major players in the meal replacement market include Herbalife Nutrition Ltd., Amway Corporation, Abbott Laboratories, Nestle S.A., General Mills Inc., The Kraft Heinz Company, Kellogg Company, Unilever N.V., Glanbia plc, and The Hut Group Limited.

Growth Opportunities:

The meal replacement market presents several growth opportunities for companies operating in this space. Some of the key growth opportunities include:

Expansion into emerging markets: Companies can expand their presence in emerging markets such as the Asia Pacific and Latin America, where there is a growing demand for convenient and healthy food options.

Product innovation: Companies can continue to innovate and develop new products that cater to specific consumer needs, such as vegan or gluten-free options, and personalized nutrition solutions.

Partnerships and collaborations: Companies can form strategic partnerships and collaborations with other players in the food and beverage industry to expand their product offerings and reach a wider audience.

Online sales: With the increasing trend of e-commerce and online shopping, companies can leverage digital platforms to sell their products directly to consumers.

Health and wellness programs: Companies can develop health and wellness programs that incorporate their meal replacement products to promote healthy lifestyles and drive consumer engagement.

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In conclusion, the meal replacement market is expected to continue to grow in the coming years, driven by the increasing demand for convenient and healthy food options. Companies can leverage growth opportunities such as product innovation, expansion into emerging markets, and strategic partnerships to capture a share of this growing market.

Dextrose Market Growth by Emerging Trends, Analysis, & Forecast

Dextrose, also known as glucose, is a simple sugar that is derived from corn or wheat. It is commonly used as a sweetener and a source of energy in food and beverage products. Dextrose is also used in medical applications such as intravenous feeding and as a component in diagnostic testing.

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The global dextrose market is estimated at USD 5.9 billion in 2022; it is projected to grow at a CAGR of 7.8% to reach USD 8.6 billion by 2027. The growth of the market is driven by the increasing demand for dextrose as a sweetener and a source of energy in the food and beverage industry. Additionally, the growing use of dextrose in medical applications is expected to drive market growth.

The food and beverage industry is the largest consumer of dextrose, accounting for over 60% of the global demand. Dextrose is used as a sweetener in various food products such as confectionery, bakery, and dairy products. The increasing demand for processed and convenience food products is expected to drive the demand for dextrose in the food and beverage industry.

The pharmaceutical industry is another major consumer of dextrose. It is used as a component in intravenous feeding solutions and diagnostic testing. The growing demand for intravenous feeding solutions and the increasing prevalence of chronic diseases are expected to drive the demand for dextrose in the pharmaceutical industry.

The Asia Pacific region is the largest market for dextrose, accounting for over 40% of the global demand. The increasing population and the growing demand for processed food products in the region are expected to drive the demand for dextrose in the region. Additionally, the increasing demand for intravenous feeding solutions in the healthcare industry is expected to drive the demand for dextrose in the region.

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The key players in this market include Cargill Incorporated (US), ADM (US), Ingredion (US), Agrana (Austria), Tate & Lyle (UK), Roquette Frères (France), Avebe Group (The Netherlands), Tereos (France), Gulshan Polyols Ltd (India), Belgosuc NV (Belgium), Fooding Group Limited (China), Foodchem International Corporation (China), Grain Processing Corporation (US), Uniglad Ingredients UK Ltd (UK), Now Foods (US). 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.

Upcoming Growth Trends in the Modified Starch Market

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.

Modified Starch Market

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.

Crop Protection Chemicals Market Growth by Emerging Trends, Analysis, & Forecast

The global crop protection chemicals market size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population.

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Opportunity: Rapid growth in the biopesticides market and organic agriculture

Biopesticides are pesticides produced naturally, with minimum usage of chemicals. Since growing environmental considerations and the pollution potential and health hazards from many conventional pesticides are on an increase, the demand for biopesticides has been rising steadily in all parts of the world. Biopesticides are growing in popularity, due to their less or non-toxic nature as compared to synthetic pesticides. Moreover, biopesticides provide more targeted activity to desired pests, unlike conventional pesticides that often affect a broad spectrum of insects, birds, and mammalian species. Further, biopesticides can be very effective in small quantities, offering lower exposure and are quickly decomposable; they leave virtually no harmful residue after application.

The liquid segment, by form, is estimated to hold the largest share in the Crop protection chemicals during the forecast period.

Liquid forms of crop protection chemical products are preferred more by suppliers as well as end-users. Liquid forms offer a longer shelf-life with easy handling, transportation, and application. Also, they are cost-effective, eco-friendly, and sustainable. Companies are investing in the technological development of crop protection chemicals in liquid forms. The liquid forms of crop protection chemicals can either be water-based, oil-based, polymer-based, or their combinations. Typical liquid formulating lines consist of storage tanks or containers to hold active ingredients, inert materials, and a mixing tank for formulating the crop protection chemical products. Water-based formulations require inert ingredients such as stabilizers, stickers, surfactants, coloring agents, anti-freeze compounds, and additional nutrients. Examples of liquid forms are suspension concentrate, suspo-emulsions, and capsule suspension.

Cereals grains, by crop type, is estimated to account for the largest market share during the forecast period.

The cereals oilseeds segment accounted for the largest market share in terms of value; this is projected to grow at the highest CAGR during the forecast period. The demand for cereals oilseeds is increasing significantly across the globe owing to the increasing demand for food.

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South America is estimated to hold the largest market share during the forecast period.

South America is an emerging agricultural powerhouse, growing at a rapid pace above the global growth average. Growth in this region is significantly contributed by the growth in Brazil and Argentina, which are the world’s most potent agricultural producers and are expected to grow well above the regional average. The economic growth in South America has been stimulated by democratization, economic reforms, and the foundation of the two trading blocs namely, Mercosur and the Andean Pact.

Regulatory framework in South America is quite weak as compared to North America and Europe. The South American Pesticide Action Network controls the regulatory issues in the region. The international trade system from the WTO for regional and bilateral trade deals also undermines national pesticide laws and threatens the ability of South American nations to prohibit dangerous chemicals from being used. This is especially observed in the case of WTOs demand for establishing certain common minimum standards for pesticides among countries. For instance, if a country wants to implement a stricter standard on pesticides as compared to the WTO, it could be recognized as a technical barrier to trade.

Growth Strategies Adopted by Major Players in the Plant-based Meat Market

Plant-based meat is a rapidly growing industry, driven by increasing consumer demand for healthier, more sustainable food options. Plant-based Meat Market is expected to generate a revenue of USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027. The global market was estimated to be valued at USD 7.9 billion in 2022. Plant-based food products are gaining widespread popularity. The plant-based trend continues to grow, encouraging people to eat more fruits, vegetables, legumes, nuts, and seeds.

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One of the key drivers of this growth is the increasing awareness of the negative impact of meat production on the environment, as well as the health risks associated with consuming too much meat. Plant-based meat provides a healthier and more sustainable alternative, as it is typically made from ingredients like soy, peas, and wheat, which have a lower environmental impact than traditional meat production.

Another factor driving the growth of the plant-based meat industry is the rise of flexitarians, where consumers are reducing their meat consumption but still want to enjoy the taste and texture of meat. Plant-based meat provides a convenient and tasty option for these consumers.

In terms of opportunities, there are several areas where the plant-based meat industry can continue to grow and innovate. These include:

Improving taste and texture: One of the biggest challenges for plant-based meat companies is creating products that taste and feel like traditional meat. Continued investment in research and development can help improve the taste and texture of plant-based meat, making it more appealing to consumers.

Expanding distribution: While plant-based meat products are becoming more widely available, there is still room for expansion in terms of distribution. This includes increasing availability in grocery stores and restaurants, as well as expanding into new geographic markets.

Developing new products: Beyond burgers and sausages, there are opportunities to develop new plant-based meat products that appeal to a wider range of consumers. This could include plant-based seafood, chicken, and other meat alternatives.

Partnering with foodservice companies: Plant-based meat companies can partner with foodservice companies, such as fast-food chains and caterers, to offer plant-based options on their menus. This can help increase the visibility and acceptance of plant-based meat among a wider audience.

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Overall, the plant-based meat market is a dynamic and rapidly evolving industry with significant growth potential. Continued innovation and investment will be key to unlocking new opportunities and driving the industry forward.

Cocoa and Chocolate Market to Showcase Continued Growth in the Coming Years

The cocoa market is projected to reach USD 26.3 Billion by 2027 growing at a CAGR of 4.5% from 2022 to 2027. The chocolate market is projected to reach USD 160.9 Billion by 2027 growing at a CAGR of 4.7% from 2022 to 2027. The rising demand for cocoa in the food processing industry propels the growth of the cocoa market. The steadily growing awareness of the health benefits of cocoa is a major propellant for the growth of the market.

The key players in cocoa and chocolate market include Mars, Inc. (US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co. Ltd.(Japan), Ferrero International(Italy), Olam Group (Singapore), Barry Callebaut(Switzerland), Cargill Incorporated (US), Cocoa Processing Company (Ghana), Archer Daniel Midland (ADM) Company (U.S.), Chocoladefabriken Lindt Sprüngli AG (Switzerland) and Pladis Global(UK) among others.

With the growing awareness about health, an increasing number of consumers are prioritizing their health and following specific diets with specific needs. This propels the demand for dark chocolate with high cocoa and less sugar. Cocoa is the major raw material required to manufacture chocolate. The slightest turbulence in the cocoa market would lead to price fluctuations. According to the International Cocoa Organization, the world’s largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair-trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions Therefore, measures such as implementation of National Cocoa Development Plan (NCDP) in the member countries of ICCO are being undertaken to improve the production of cocoa. Initiatives like these gives a promising outlook towards fulfilling the rising demand for cocoa globally. The cocoa chocolate market players are showing trends of pursuing both organic as well as inorganic strategies for their expansion, consolidation, and sustainability in the market. Developments and new product launches in chocolate and rise in the use of cocoa for cosmetics and pharmaceuticals are driving the market and is leading to an increased demand for cocoa.

Mondelez International is one of the leading providers and distributors of high-quality snacks. It provides a wide range of snacking product portfolios to its customers worldwide. The company has its presence in regions such as Asia, the Middle East, Africa, Europe, Latin America, and North America. It has operations in over 80 countries. The company’s product category includes beverages, biscuits, chocolate, gum, and candy. Mondelez now owns some of the most famous chocolate and confectionery brands such as Oreo, Milka, Toblerone, TUC, and Cadbury. Other bakery brands include Barni, Club Social, Honey Maid, Enjoy Life Foods, Mikado, Newtons, Nutter Butter, Premium, and Prince.

Nestle S.A. is a leading food beverage company. The company operates in seven major segments: powdered and liquid beverages, water, milk products and ice cream, nutrition and healthcare, prepared dishes and cooking aids, confectionery, and pet care. It produces beverages, chocolates confectionery, culinary, chilled frozen food, milk-based products, ice creams, prepared dishes, and pharmaceutical products. Nestle operates globally, with a presence in Europe, the Americas, Asia, Oceania, and Africa. The company mainly operates through its subsidiaries and has 29 RD facilities worldwide.

Mars Inc. is engaged in the production and marketing of branded confectionery, snack foods, main meal foods, drinks, and pet care products. The company’s major business segments include chocolate, pet care, food, Wrigley gum and confections, drinks, and symbioscience. The strategic decisions made by the company are based on five principles: quality, responsibility, mutuality, efficiency, and freedom. The company is present in more than 74 countries, including Canada, the US, Japan, India, and Russia.

What is the current size of the global Cocoa and chocolate market?

Recent Developments:

1. In May 2022, Blommer chocolate partnered with DouxMatok (Israel/USA), a food tech company to launch chocolate and confectionery products.
2. In March 2022, Hershey Company, launched a crunch cookie chocolate spread in India for the consumer's breakfast.
3. In March 2021, Barry Callebaut opened its third factory in India. The new chocolate factory consists of an RD lab and assembly lines capable of manufacturing various needs of customers – international food manufacturers, local confectioneries, and semi-industrial bakers and patisseries.
4. In March 2021, Cargill has partnered with Nestlé to extend the Nestlé Cocoa Plan (NCP) to benefit its network of cocoa farmers in Sulawesi, Indonesia. Activities include three key NCP pillars: better farming, better lives, and better cocoa.