Infant Nutritional Premix Market Expected to Witness a CAGR of 5.6 % through 2028

Future Market Insights (FMI), in its new research report titled “Infant Nutritional Premix Market: Global Industry Analysis (2012-2017) and Opportunity Assessment (2018- 2028)” has included analysis on various market segments of the global market for infant nutritional premix. The analysis unveils major revenue pockets that the reader can tap in order to grab major hold in the global infant nutritional premix market. In addition, the research report also covers detailed opportunity assessment along with vital insights on each market segment, innovations and developments in infant formula that is triggering the adoption of infant nutritional premixes as well as growth drivers positively influencing the expansion of the global infant nutritional premix market.

“The global market for infant nutritional premix is expanding at a value CAGR of 5.6% throughout the period of forecast (2018-2028) and is anticipated to reach a value higher than US$ 300 Mn by end of the assessment period” – FMI Research Analyst, Food and Beverage Domain

Increasing Launches of Innovative Premix Products with Growing Usage of Premixes in Infant Nutrition to Significantly Push Global Market Growth

Healthcare sector across the globe has been witnessing noteworthy growth owing to increasing developments in innovative medical and pharmaceutical products, including baby nutritional food premixes. Innovation in nutritional premixes with addition of nucleotides, botanicals, organic ingredients and probiotics is driving the growth of the global infant nutritional premix market. Moreover, addition of nutritional premixes in infant nutrition products is rising at a robust rate across the world due to rising consumer inclination towards high infant nutrition and baby food products. Infant formulas are mainly blended with iron and vitamin D nutrients for babies who are not being breastfed, and also ingredients such as DHA (docosahexaenoic acid) and ARA (arachidonic acid) are being added with iron and vitamins. The growing premix consumption across the globe is in turn expected to boost the growth of the Infant nutritional premix market to a larger extent.

Rising Demand for Customized Premixes Witnessed in the Global Market

Use of various customized premixes in baby food and infant formula is currently growing, predominantly in developed countries, owing to the unique formulation of premixes, coupled with rising consumer awareness regarding the benefits of consuming fortified infant nutrition products. Customized vitamin and amino acid premixes are gaining steam and widely used in various infant formulas.

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Higher Consumption of Infant Nutritional Premixes in North America to be Observed in the Coming Years

The demand for nutritional premixes among infant foods is growing in North America, especially in the U.S., due to the increasing awareness associated with various blends of vitamins, amino acids, minerals, nucleotides and herbal extracts, coupled with advanced fortification methods. This is expected to drive the growth of the infant nutritional premix market in the region. According to research, North America represents a larger regional market for infant nutritional premixes and accounts for a major share in the global market. Moreover, the with growing use of infant nutritional premixes in the region, sale of these products is poised to touch value a little under US$ 103 Mn by 2028 end.

With respect to form, powdered nutritional premixes for infant nutrition are highly preferred. Powder form allows quick mixture and convenient handling as compared to liquid infant nutritional premixes. Moreover, chances of contamination of powdered infant nutritional premixes is less than liquid infant nutritional premixes. Powered form segment is expected to lead the global market in terms of high revenue generation and demand.

By type of ingredients, nucleotides are gaining high traction. Demand for nucleotides in infant nutritional premixes is increasing at the highest rate as compared to other ingredients. Nucleotides are widely used in the pharmaceutical and infant nutrition industries, especially in infant formula. Moreover, premixes with amino acids such as lysine, threonine, and methionine are primarily used by athletes and sports professionals. In addition, vitamins and nucleotides are widely used in dietary supplements and sports nutrition. Vitamins segment accounts for a higher market share in global infant nutritional premix market.

By function, infant nutritional premixes have witnessed high demand especially for bone health, immunity and digestion. Vitamin D ingredients and probiotics are being added to infant nutritional premixes to enhance bone health.

Competitive Analysis

The research report covers analysis on various key players involved in the manufacturing of infant nutritional premixes. Key companies such as Glanbia Plc, Royal DSM N.V, SternVitamin GmbH & CO. KG, BASF SE, Lycored Limited, Watson-Inc., Fenchem biotek Ltd., Hexagon Nutritional Pvt. Ltd., Jubilant Life Sciences Limited, Farbest Brands, Prinova Group, Barentz International B.V, Vitablend Nederland B.V, ADM company and Vaneeghan International B.V are profiled in this section.

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Soluble Fiber Market to Grow at a CAGR of 7.9 % through 2026

According to a latest research report by Future Market Insights (FMI), the global soluble fiber market is projected to expand at a CAGR of 7.9% throughout 2026. The market was valued at nearly US$ 1,500 Mn in 2017. Strategic acquisitions, product launches, and partnerships are among the pervasive manufacturing-side trends in the market. For instance, QuitoPlan has recently announced the launch of a complete package for effective weight management solutions that includes an application and Quitoplan capsules. The company has utilized high quality ingredients such as soluble fiber to develop these fat reducing capsules.

Naturex also announced acquisition of Swedish Oat Fiber, a specialized manufacturer of proteins, oat dietary fibers, and oil. Through this acquisition, the company is focusing on strengthening its position in the market and focus on developing strategies pertaining to organic products. Strategic acquisitions and product launches will continue to impact sales of soluble fiber positively. Roquette Freres, Lonza Group, DuPont, Cargill, Archer Daniels Midland Company, Sunopta Inc., INGREDION, NEXIRA, Huachang Pharmaceuticals, and Tate & Lyle are some of the major market players in the global soluble fiber market.

Sales of Beta-Glucan Products to Remain High

Leading companies are concentrating on expanding their product line to improve their position in the global market. To offer enhanced experience to the customers, major companies are focusing on offering soluble fiber products such as Beta-glucan to the nutraceutical and pharmaceutical companies.

Consumption of food products rich in Beta-glucan lowers the cholesterol level and improve blood sugar control. In addition, heart-healthy labels for food products that contain high content of Beta-glucan have been approved by FDA. On the account of these factors, food manufacturers are concentrating on utilizing Beta-glucan as an important ingredient for developing low cholesterol food products.  

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Also, pervasive demand for protein-rich food products has fuelled sales of soluble fibers globally. With the growing need for functional food products such as soy, probiotics, and oats, major companies are utilizing soluble fibers as an important ingredient. Through developing innovative food products, leading companies are focusing on attaining a competitive edge in the global market.

Demand to Remain Concentrated in Bakery Industry

Food manufacturers will continue to witness significant demand for soluble fiber products such as Beta-glucan. As manufacturers are focusing on developing low cholesterol food products, demand for Beta-glucan as an important ingredient is likely to increase. Beta-glucan is expected to register the highest revenue growth, accounting for nearly US$ 660 Mn by the end of 2026.

Also, dried beans and peas is likely to remain a major source of soluble fiber. In terms of revenue, dried beans and peas is expected to register a significant growth, recording more than US$ 600 Mn by the end of 2026. As demand for fiber-dense snack continues to remain high among health-conscious customers, manufacturers are mainly utilizing soluble fiber as an important ingredient for the production of bakery products. By 2026-end, bakery application is expected bring in revenues of more than US$ 800 Mn.

North America to Represent a Leading Market

North America will continue to represent a leading market globally. In terms of revenue, North America is expected to record a value of over US$ 800 Mn by the end of 2026. In contrary, the Europe market is expected to register the fastest growth, reflecting a CAGR of 8.1% during the forecast period.

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Protein Ingredients Market Expected to Witness a CAGR of 5.6 % through 2028

Evolving consumers’ purchasing strategies have concurrently led to changes in the marketing strategies of manufacturers. At present, consumer reliance on a product is built on the basis of the available technical information about it such as the ingredients used in its making. Product availability and perceived benefits are the vanguard of protein trends. Educational marketing and scientifically approved products are becoming a major reason for the growth in the value of food products. Confusion still exists amongst consumers regarding product and nutrition labelling on packages of the end-use products, which leaves immense scope to educate these consumer education and thereby, improved consumer awareness.

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The companies operating in the market are gearing up their strategies and game plans in order to stay competent and productive in the protein ingredient market. For instance, in January 2017, Arla Food Ingredients announced to increase its investments by 47% to US$ 357 Mn at its milk processing plant located in Denmark, aiming at increasing milk supply from various local dairy farmers, favoring the protein ingredient production. The other companies operating in the global protein ingredients market are ROQUETTE FRERES S.A, CHS Inc., Axiom Foods, Inc., Archer Daniels Midland Company, Glanbia plc, and Solae LLC, among several others.

According to a report published by Future Market Insights (FMI), the global protein ingredients market is expected to witness a CAGR of 5.6% from 2018 to 2028. In 2017, the market was valued at US$ 21, 315.7 Mn and is projected to rise to a valuation of US$ 38, 569.1 Mn by the end of 2028.

Protein Fortification and Standardization to Lift up Demand through 2028

Food fortification entails adding of certain beneficial ingredients to a product for enhancing its functional properties. Through fortification, manufacturers can increase the quality of food and address crucial mineral or vitamin deficiencies among consumers. Protein fortification is gaining popularity among consumer owing to rising preference for protein in regular or everyday foods and increasing demand for weight management products that are low in fats and high in protein. Protein standardization is the adjustment of protein content in a food product to either meet regulatory guidelines or augment functional properties of the product. Protein standardization improves product uniformity, consistency, texture, and taste. Demand for fortified and standardized food and beverages is currently driving growth of the global market to a significant extent.

Moreover, several benefits associated with protein ingredients is also expected to act in favor of the global market in the long run. Protein ingredients are being increasingly perceived as healthy products that are a source of various amino acids that are not produced in the human body or are concentrated in muscle. Whey protein is considered a complete protein, i.e. it contains all the nine essential amino acids.

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Low Awareness to Act as a Roadblock

Soy protein accounts for predominant share of the overall market in terms of value and volume due to very high usage and relatively high price. Despite registering high value and volume growth in markets in developed and developing countries, other plant proteins such as pea are relatively unknown in several parts of the world and as such account for moderate market share. This factor is primarily restraining the revenue and volume growth of the related segments within developed as well as developing regional markets.

Tissue Towel Market Estimated to Expand at a Double-Digit CAGR of 1.5 % through 2028

The tissue towel market has been in its maturity stage with regards to the product life cycle, and the current penetration rate is considerably high worldwide. Since several market participants have a strong distribution base and eye-catching product portfolio, they are now focusing on differentiating themselves by focusing on innovation which could help cater to the varying needs and demands of target customers. The demand for superior quality tissue is presumed to remain steady, especially in North America and Western Europe.

According to a report published by Future Market Insights (FMI), the global tissue towel market is projected to witness a meagre CAGR of 1.5 % rising from a valuation of US$ 50,346.7 Mn in 2017 to a valuation of over US$ 59, 500 Mn by the end of 2028.

Adoption of TAD Technology Prevails in Pursuit of Top-notch Quality

During the past few years, both premium brand and private label products needed a quality upgrade in order to cater to evolving consumer requirements. The highest quality tissue and towel products is typically made using TAD technology. The softness and bulk of TAD ultra-bath tissue and the absorbency of TAD premium towels are unmatched. TAD technology is also employed for producing a wide range of products using feedstock ranging from all virgin to all recycled.

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Advanced Characteristics of Tissue Towel to Trigger Demand in Coming Years

The quick drying ability of tissue towel, in addition to its proven capability to efficiently reduce the chances of contamination – especially in the washroom environment, will continue to play a pivotal role in driving sales. A wide number of manufacturers offer convenient packaging that enables consumers to carry a tissue towel pack apparently anywhere, which is another strong reason expected to sustain the sales. Improved standard of living among a large consumer base in developing economies will reportedly push the demand for tissue towel and other health and hygiene products. In developed regional markets such as Europe, significantly growing workforce has been resulting in expanding per capita income as well as per capita household expenditure. According to Eurostat, household real consumption per capita increased by 0.6% in the second quarter of 2017, after an increase of 0.2% in the first quarter of 2017. Tissue towel manufacturers are thus witnessing a slight thrust in European market. However, the overall market growth will remain sluggish.

Some of the key end-use industries generating the demand for tissue towels include hospitality, healthcare, and other commercial sectors, which are reportedly shifting their preference towards products such as hand dryers. A majority of market participants are adopting online marketing as an effective way to accelerate the sales of tissue towel and related products, especially through social media. Consumer awareness is being increasingly targeted by introducing a range of innovative and unique products to the market, frequently.

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Dehydrated Onions Market Estimated to Expand at a Double-Digit CAGR of 4.8% through 2028

The global dehydrated onions market holds promising growth prospects over 2018-2028, indicates Future Market Insights

Extensive use of dehydrated onion as a condiment will continue to fuel the demand from Western countries. As the recent past has been observing substantial growth of the convenience food sector, the growth of dehydrated onions market is also evidently increasing. As implied by a recent research study, Future Market Insights expects the US$ 950 Mn dehydrated onions market to surpass the revenue worth US$ 1,500 Mn by the end of 2028. Over the next decade, the global market for dehydrated onions is expected to witness steady growth at a CAGR of 4.8%.

India’s Position Strengthens as an Export-oriented Market, Europe Prevails in Dry Onion Import

China, India, and US are among the top five onion producing countries, and India secures the top position in dried onion export, according to a recent survey. While India currently captures over 30% share of the global dehydrated onion export share, China will also continue to be a major exporter. US, Germany, and UK are foreseen to retain their positions as key importers throughout the next decade. Australia is foreseen to be among the key importers of dehydrated onions in the next few years.

The European countries such as UK have been prominently generating robust demand for dehydrated onions, and some of the top importers include UK, Germany, Japan, Netherlands, Russia, and Spain. Sustained demand from developed markets such as North America and Europe will continue to push the dehydrated onions market up in near future. Increasing demand for processed onions to create thriving markets in developed regions such as Europe and North America. In some developing countries, fresh onions are available only in specific seasons, prompting at an attractive opportunity for dry onion manufacturers to provide consumers with an economical alternative in off-seasons. Kenya, where spring onions have been the top consumer preference due to cheaper price, is recently identified to raise an escalating demand for red bulb onions and dehydrated onions.

Manufacturers Target Lucrative Applications of Dehydrated Vegetables Emerging in Processed Food Industry

The consumption of dehydrated vegetables is mushrooming worldwide, primarily attributed to their ability to retain culinary palatability and quality. Moreover, dry vegetables bring in economy in terms of both storage as well as transportation. The onion and dehydrated onion manufacturers thus seek optimum utilization of surplus product, besides saving a considerable amount associated with packaging materials and tinplate. Acceptance of dehydrated vegetables as a streamline product over fresh foods is remarkably low within a majority of developing Asian economies. However, with an increasing number of manufacturers stepping in the dehydration industry and growing awareness among consumers about a series of health benefits of consuming dehydrated vegetables, the sales of different forms of dehydrated onions are expected to surge up in coming years.

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The industry has witnessed immense advent of technology incorporated in the entire production process of dehydrated onions, which will also contribute to market growth. Dry vegetables are rapidly gaining traction as an imperative ingredient in packaged foods, which is proliferating the consumption of dehydrated onions by processed food industry, which will reportedly drive the market growth.

Market Can Potentially Cater to Elevating Onion Demand against Short Supply during India’s Price Escalation Scenario

India, in addition to being among the top five onion producers, is the second largest producer of dehydrated onions, globally. However, the volatility in pricing of onion provides a high-potential opportunity to promote consumption of dry onions, almost each year. Though onion prices continue to fluctuate due to seasonal pressure, dehydrated onion sales are not hitting the roof. Dry onion manufacturers are struggling to overcome a lost opportunity due to relatively lower awareness about consuming dry onions, through promotional efforts targeted to households. However, robust demand from ready-to-cook food providers, processed food manufacturers, hotels and restaurants, and large scale masala makers are expected to account for a robust share in terms of revenue.

An industry expert quotes, “Of the total 60,000-70,000 tons of dehydrated onions produced annually in India, nearly 85% are exported to European countries. Domestically based wholesale consumers account for the consumption of the rest 15% of the total produce. Revenue generated through demand from household consumers has been negligible.” “Looking at the price fluctuation, dry onions are relatively more stable than fresh onions. Dehydrated products can be stored for extended periods, and are economically more viable compared to fresh onions,” he further adds.

One of the largest dehydration units in India also reaffirms that the price of dehydrated onions is not impacted by seasonal volatility in onion prices, as a majority of manufacturers prefer commencement of procurement at the beginning of season, when the prices are low. Gradually increasing encouragement from government is anticipated to support market growth, in addition to the financial support by the Agricultural and Processed Food Products Export Development Authority (Apeda) for awareness and promotional campaigns. Moreover, manufacturers are striving to promote dehydrated products as healthy foods, through augmented focus on research and development. Most of manufacturing companies are prioritizing export, trade, and production facility expansion.

Recommendation: For product sourcing and distribution, stakeholders in the retail sector are recommended to focus more on creating a robust and reliable supply chain network through horizontal integration and partnerships.

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Baobab Powder Market Poised to Register CAGR of 6.2 % 2017 - 2027

The global market baobab powder is anticipated to witness robust growth during the assessment period. In a new report titled ‘Baobab Powder Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027),’ Future Market Insights studies the factors driving the popularity and adoption of baobab powder across the globe. Consumers today are becoming aware about the benefits of baobab powder, which in turn is surging the demand for baobab powder based products such as cereals and bars. Due to the fact that baobab powder has numerous skin benefits, it is used as an ingredient in various anti-ageing creams and helps protect the skin against high or low temperatures, rejuvenates the skin cells, moisturizes the skin and prevents damage from free radicals. Also, as baobab powder is a rich source of calcium and potassium, it is also found in products such as cereals, bars and jellies. Owing to its wide ranging beneficial properties, the consumption of baobab powder is growing across the globe.

Segmental forecast of the global baobab powder market

The global baobab powder is segmented on the basis of product type (organic baobab powder, conventional baobab powder), end use (industrial, retail), sales channel (direct sales, indirect sales) and region.

Forecast by Product Type: Organic baobab powder segment is expected to register the highest CAGR during the forecast period. The organic baobab powder segment is estimated to be valued at US$ 8,544.2 Mn by 2027 end and is expected to expand at a CAGR of 6.5% over the forecast period.

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Forecast by End Use: The retail segment is estimated to account for the highest value share of 65.2% in 2017 and is projected to reach a market valuation of US$ 6,545.1 Mn by 2027 end, registering a CAGR of 6.3% over the forecast period.

Forecast by Sales Channel: The indirect segment is estimated to account for the highest value share of 75.4% in 2017. This segment is estimated to be valued at US$ 7,602.1 Mn by 2027 end and is expected to expand at a CAGR of 6.3% over the forecast period.

Forecast by Region: North America followed by Western Europe will be the leading markets in the global baobab powder market with an anticipated value share of about 30% and 25% respectively by the end of 2027. North America will witness the highest regional CAGR of 6.8% during the forecast period.

Global Baobab Powder Market Forecast 2017-2027

Future Market Insights predicts the global baobab market to be valued at about US$ 5,483 Mn by the end of 2017 and will continue to grow at a CAGR of 6.2% during the period of study to reach a market valuation of about US$ 10,004 Mn by the end of the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global baobab powder market including EcoProducts, Baobab Fruit Company Senegal, B’Ayoba (Pvt) Ltd, Organic Africa, Aduna Limited, Etude House, Woodland Foods, Powbab Inc, ATACORA, Halka B. Organics, Indigo Herbs LTD and Organic Burst UK Ltd. Companies are focussing on addressing customer centric product demand by expanding their product portfolio and introducing a variety of products in the global market. Suppliers are entering into long-term contracts with baobab products manufacturers to avoid increase in product prices, and baobab manufacturers are also benefitting from these long-term contracts with suppliers as it helps them sustain their operations. 

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Citric Acid Market will Register a CAGR of 5.7 % 2016 - 2026

Future Market Insights (FMI) delivers key insights on the global citric acid market in its latest report titled, “Citric Acid Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. In terms of value, the global citric acid market is expected to witness a CAGR of 4.6% during the forecast period due to various factors on which FMI offers vital insights in detail.

Consumers are preferring products comprising of plant based natural ingredients due to various health issues. This is fuelling demand for citric acid worldwide.  Moreover, increased usage of citric acid as a cleaning agent due to a ban on phosphate in various regions is further expected to drive the market demand in the near future. Citric acid is used as an ingredient in manufacture of convenience food and beverages as it provides acidity, acts as a preservative, provides antioxidants and enhances the flavour, which is further expected to drive the market demand in the near future.

Segmentation highlights

• On the basis of form, the global citric acid market has been segmented into powder and liquid. Powder segment is estimated to account for the largest share by 2016 end. The powder segment is further sub segmented as anhydrous and monohydrous. Anhydrous, sub segment formulation is expected be the most preferred ingredient among the food manufacturers.

• Global citric acid market has been segmented by application into acidulant, cleaning agent, binding agent, preservative & others. Among all these segment, acidulant segment is expected to account for highest value share during the forecast period. In terms of volume the acidulant segment has been estimated to represent 964,827.9 MT in 2016.

• The market has been segmented on the basis of end use into food & beverages, animal feed, pharmaceutical/personal care, metal finishing & cleaning and others. Food & beverages segment is further sub segmented as bakery & confectionery, dairy, convenience food, beverages, jams & preserve and others. Among all these sub-segments, beverages segment is expected to register a highest growth in terms of both value and volume over the forecast period.

• On the basis of grade, the citric acid market has been segmented into food grade, pharmaceutical grade and industrial grade. Among all these segments, food grade segment is estimated to represent highest value share of 67.0% in 2016 and expected to remain dominant over the forecast period. In terms of volume, this segment is expected to witness a CAGR of 4.1% over the forecast period.

Regional market projections

This report discusses trends driving growth of each segment and offers analysis and insights on the potential of the global citric acid market in specific regions including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), the Middle East & Africa and Japan. Markets in APEJ and Western Europe are expected to record high growth rates in terms of value between 2016 and 2026. Among all the regions, Western Europe is estimated to account for a comparatively higher value share in 2016. The market in Western Europe is expected to remain dominant over the forecast period. APEJ is another major market for citric acid. China is estimated to be the largest producer of citric acid followed by India in 2015 across the region.

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Vendor insights

This report covers detailed profiles of key players in citric acid market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are Archer Daniels Midland Company, Shandong Juxian Hongde Citric Acid Co. Ltd., Jungbunzlauer Suisse AG, Basel, Delek Group, Cargill, Incorporated, Weifang Ensign Industry Co., Ltd., Tate & Lyle plc. COFCO Biochemical (AnHui) Co. Ltd., RZBC GROUP and Pfizer Inc.

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