Food & Beverage

The global tofu market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period. Tofu has gained high popularity as an ingredient in many end-use applications due to its usage as an alternative for other milk products. Rapidly rising people's concern regarding animal welfare, personal health, and sustainability is driving a shift in consumer interest from animal to plant-based products. Animal-derived protein consumption is associated with high cholesterol, fat, and calorie levels, which increase the risk of cardiac disease, high blood sugar levels, and obesity; thus, people are inclined toward vegan protein sources. Such factors have considerably increased the pace of the tofu market's expansion. Furthermore, the young consumers are opting for an alternative to red meat, however they are not ready to give up protein; thus, they are switching to plant-based protein products, such as tofu and others, which is boosting the key market players to ... Continue reading →

Feed carotenoids market is anticipated to grow at a considerable CAGR of 3.6% during the forecast period. The shift from animal ownership to animal parenting has been a very crucial and defining trend in the pet food market, more so in developed countries. According to the National Pet Owners Survey performed by the American Pet Products Association (APPA), more than 85 million households in the US had one or more pets, the majority of which were dogs. Additionally, the animal humanization trend has led to increased health consciousness and has generated demand for feed carotenoids.  Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in February 2021, Nutrex invested in a new tailor-made production facility in Olen for the up-gradation of R&D and production facilities. This investment will enable to development and produce new products, and further expand production capacity. The ... Continue reading →

The global potato starch market is anticipated to grow at a considerable CAGR of 3.8% during the forecast period. One of the key factors that are fuelling the market is the growing competitiveness between the market players. Companies operating in the potato starch market are advancing, innovating, and launching new products to stay in the competition. For instance: In March 2021, Ingredion Incorporated, a global developer of ingredient solutions, expanded its line of potato-based solutions for the US and Canada to include ULTRA-TEX 1311 modified potato starch suited for dairy desserts. Food makers can save energy, time, and capital equipment expenses by using the business's immediate ULTRA-TEX 1311 modified potato starch, according to the company, by eliminating cooking and shortening processing times. In March 2021, Native Waxy Potato Starch and Pregelatinized Native Waxy Potato Starch, both developed in Germany, are now available to the North American food ... Continue reading →

The global sunflower oil market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period. One of the key factors that are fuelling the market is the growing competitiveness among the existing market players and new entrants. In addition, the existing major players in the market are also inclined toward introducing a new brand of sunflower oil catering to expand its product portfolio and stay competitive. For instance, in April 2022, the Union Miniter for Fisheries launched Dhara sunflower oil brand packaged by Bengaluru-based oilseeds cooperative Karnataka Cooperative Oilseeds Growers' Federation (KOF) to grab a larger market. Additionally, in July 2020, Amul, an Indian dairy cooperative society, introduced a new oil brand Janmay edible oils, in Gujarat, India. The brand range includes groundnut oil, soybean oil, sunflower oil, and other prominent cooking oils. Another major factor that is bolstering the growth of the market includes the growing ... Continue reading →

The global sugar-free carbonated drinks market is anticipated to grow at a significant CAGR of 7.4% during the forecast period. A desire for a healthy lifestyle among people is driving the growth of the global sugar-free carbonated drinks market. People are shifting toward a healthy diet and reducing their sugar intake which increases the market for sugar-free carbonated drinks. The key market players in the sugar-free carbonated drinks industry are also focusing on new product launches and introducing new flavours to satisfy consumers and compete in the market. For instance, in October 2020, Amul enters into a carbonated drink segment with the launch of Amul Tru Seltzer, a mix of real fruit juice, milk solids, and fizz. The seltzers have been launched in the Gujarat market in two flavours, lemon, and orange. Amul further plans to introduce new variants such as cola, jeera, and apple.  Additionally, people are trying to stay fit and healthy due to which there is an ... Continue reading →

The global sugar substitutes market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. Sugar substitutes are mainly used in food products, however it is also used in cosmetics and personal care industry. Many companies are using sweeteners in their products for natural flavours and fragrances. Several companies are using sorbitol a sugar alcohol in cosmetic products as a sweetener. Sorbitol is a sugar alcohol made up of corn syrup. Sorbitol is also used in toothpaste and soaps. Sugar substitutes help in preventing moisture in consumer’s skin and hair. As a result of which, various personal care market players and manufactures are inclined towards offering sugar substitutes based cosmetic product, which will further propel the growth of the market For instance, in November 2020, Roquette, a French plant-based ingredients company and pharmaceutical excipients provider, launched its pea starch technology, Lycagel, for vegetarian softgel ... Continue reading →

The global pea starch market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The rising demand for gluten-free products and pea fibers is contributing to the growth of the pea starch market across the globe. Gluten is a protein found in wheat, barley, and rye, many people are gluten intolerant as it causes medical issues such as diarrhea, fatigue, osteoporosis, bloating, and others. According to the data released by the Gluten Intolerance Group, in 2020, around 1 in 100 individuals globally, and over 3 million people in the US are gluten intolerant, which has accelerated the demand for pea starch across the globe. The pea starch is gluten-free which is safe to use for patients with gluten-related disorders such as celiac and others. Additionally, compared to gluten products, pea starch products are also easy to digest and are light on the stomach. Resultantly, several food product manufacturers are inclined towards adopting various strategic ... Continue reading →

The global fruit beer market is estimated to grow at a CAGR of 5.7% during the forecast period. Online channel is offering an opportunity for the market players to increase the accessibility of their product reach among consumers. Online shopping is trending across the globe as it avoids congestion that occurs in offline stores. Additionally, fruit beer online may available with offers and discounts that happen all over the year. Through online, a consumer can check the nutritional value of all fruit beer by clicking on the product description. In addition, it allows consumers to choose express or standard delivery to get the order on the same day. These advantages make online sales channels suitable to get the product on time with a proper cost.      Some fruit beer companies with an online presence include Anheuser-Busch InBev, Heineken N.V., and Coolberg. The online growth strategy of AB InBev includes a retail partnership with Walmart and Kroger, and ... Continue reading →

The global instant beverage premix market is anticipated to grow at a CAGR of 6.3% during the forecast period. Rising launches of instant beverage premixes with organic and natural ingredients and with functional claims are found to be very appealing to consumers who crave a variety of drinks. Growing health consciousness among consumers is inclining them towards ingredients such as turmeric, ginger, cardamom, lemon, black pepper, clove, mint, cinnamon, and apple cider vinegar, amongst others, which support the digestive system and improve overall health and wellbeing. Consumers are increasingly looking for instant beverage premix made with natural ingredients as a simple way to introduce healthy ingredients into their diets.  Formulators are responding to this demand by offering natural ingredients-based instant beverage premix to attract more customers. For instance, in August 2020, Society Tea introduced Society Cleanse – Green Tea Detox Kahwa Premix, made of ... Continue reading →

Organic tea refers to a tea that has grown without using chemicals or pesticides in the whole growing and processing journey. The global organic tea market is projected to grow at a significant CAGR of 7.6% during the forecast period. The key factors that drive the market growth include the shift of the consumers towards the adoption of organic beverages as people are becoming more health-conscious and antioxidant properties offered by the organic tea. In addition, organic tea aids in enhancing immunity, protects the heart, and reduces infections. These benefits possessed by organic tea attract the users and encourages its adoption.  Additionally, increasing government focus on organic farming is contributing to the growth of organic tea farming practices. For instance, the Indian government is encouraging organic farming through several schemes or programs, which include Rashtriya Krishi Vikas Yojana (RKVY), National Mission for Sustainable Agriculture (NMSA)/ Paramparagat ... Continue reading →