foodandbeverages

Sugar Free Chocolate Market Size | Global Analysis, Key Players and Forecast to 2023

Market Analysis

Chocolate is derived from cocoa, mixed cocoa butter and sugar or sugar substitutes to produce a solid confectionery. There are several types of chocolate, classified according to the proportion of cocoa used in a particular formulation. The labelling of ingredients and subject to international governmental regulation. With changing lifestyle and evolving dietary pattern, healthy food & beverages plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of sugar-free, fat-free, GMO-free and others began in western world and spread to other regions rapidly. Today’s consumer is eager to try low-sugar or sugar-free products, but not at the expense of enjoyment, not least when it comes to chocolate.

Maltitol probably the best substitute for sugar – not only provides sweetening power virtually identical to sugars but does it with little more than half the calories. This will delight confectionery gourmets with waistline worries and chocolate addicts trying to reduce their sugar intake. The sweet taste of maltitol, combined with physico-chemical characteristics like those of sucrose, make it the most effective substitute for sugar in many applications and especially in the manufacture of chocolate. Thus, making chocolate healthy and guilt-free. Sugar free chocolates are not only healthy for diabetics’ patients but also helps consumers achieve their weight loss target without giving up the food they love. Hence, these factors will support the growth of this market during the forecast period. Globally the market (Volume) for sugar-free chocolate is estimated to grow at the rate of about 6.85 % from 2017 to 2023.

Leading Key Players

With the entry of new industry players in the sugar-free chocolate segment, the demand from various food and beverage manufacturers have increased based on consumers trending demand for natural and chemical-free pure form of chocolates. Major strategy followed by the key players is identified to be increasing their production capacity as well as product promotions to spread awareness about the health benefits gained from sugar-free chocolate consumption. The best long-term growth opportunities for this sector can be captured by ensuring ongoing new product launch experimenting with new flavors and R&D investments.

The key players profiled in Global Sugar-Free Chocolate Market Size Report are Ghirardelli Chocolate Company (U.S.), Godiva Chocolatier (U.S.), Lindt & Sprüngli (France), Russell stover (U.S.), Hershey (U.S.), Thin (U.S.) and Guilin (Belgium)

Latest Industry Updates

Dec 2017 increasing health consciousness has raised the demand for healthy sweets in the market. In order to support the movement, Barry Callebaut developed a range of sugar reduced products in the global market.

Jun 2017 Russell Stover Candies, Inc. announced the launch of their sugar-free chocolate line in Chicago. The product is available in new varieties including pecan delights, mint patties, peanut butter cups and coconut.

Mar 2017 To support consumers’ growing inclination towards low-sugar consumption, KitKat maker Nestlé announced to be removing 10% of sugar from its chocolate in UK and Ireland from 2018.

Nov 2016 in order to encourage the consumption of low-caloric confectionery, Thai based company called Glico launched sugar-free chocolate product.

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Instant Noodles Market Size, Value Share, Worldwide Analysis by 2023

Market Overview

Growing demand for convenient food products among the working population and rising preference towards RTC foods is driving the market for instant noodles.

With varying lifestyle and developing nutritional pattern, convenience food products plays an important role in defining the consumers’ food preference in the various regions. The trend of consumption of instant noodles began in Asian countries and it spread to other regions rapidly. The increasing purchasing power of consumers, convenience trends are likely to remain significant factor which boosting instant noodles market in Asia Pacific countries.

The increasing consumption of instant noodles is driven by desire to create more leisure time which means that consumers like to maximize their free time along with their disposable income and their preference to ready to cook foods as it saves more time. Consumers look for convenience food as they are easily available, and possess nutritional value due to fortification, variety and product appeal. Due to changing lifestyles, consumers are spending less time planning and cooking meals at home as they consider preparing food at home as a chore and is time and energy consuming. The instant noodles are popular as convenient food products as there is no need to put in efforts in cooking & chopping vegetables, these factor will support the growth of this market especially in developing economies.

Competitive Analysis

The major key players are highly investing on technological advancements. Introduction of new products in instant noodles product lines and broadening the range of instant noodles for consumer offering is the primary key strategy by major players.

The key players profiled in Global Instant Noodles Market Size report are Campbell Soup Company (U.S.), Nissin Foods Co., Ltd (Hong Kong), Capital Foods Limited (India), ITC Limited (India), Nestle SA (Switzerland), Ajinomoto Co., Inc. (Japan), and The Unilever Group (Pot Noodles) (U.K.) among many others.

Market Segments

The global instant noodles market has been divided into type, source, packaging, and region.

On The Basis of Type: Vegan, and Non-vegan

On The Basis of Source: Wheat, Rice, Oats, and Others

On The Basis of Packaging: Packets, and Cups

On The Basis of Region: North America, Europe, Asia Pacific, and ROW.

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Insect Protein Market Size | Value Demand, Global Analysis and Forecast to 2023

Market Insight

Global Insect Protein Market is Estimated to be Valued at USD 178,340.4 Thousand by 2023 and Expected to Grow at a CAGR of 23.00% During the Forecast Period. The increasing demand for food products with high protein content has resulted in increased demand for the various protein-rich foods and products. Insects are a rich source of protein and are considered more healthy than other animal-based products. Insect proteins have found its application in food & beverages, pharmaceuticals, nutraceuticals, cosmetics, and others.

The growth in the cosmetic and dermatology industries has resulted in increased demand for high-value medicines. The high nutritional and curative properties have resulted in increased demand for insect proteins in cosmetics. The growing demand for supplements owing to increased health awareness among consumers has increased the demand for high protein nutraceuticals. The insect proteins due to its medicinal properties along with high nutritional value have increased its application in nutraceuticals. Various insect proteins have found their application in pharmaceuticals. The use of insect protein has found its application in pharmaceutical from ancient times. For instance, red ants are used for the treatment of joint pain.

Along with the increasing demand for insect protein in several applications, the demand for its by-products is increasing. Insect growers are feeding organic feed to insects to obtain organic end product and by-products, such as insect protein and organic insect waste & oil, respectively. These organic end and by-products are used to cater to the rising demand for organic products in various application industries, including food & beverages, agriculture, feed, personal care, nutraceuticals, and pharmaceuticals. Thus, the growing demand for insect protein, insect waste, and insect-based oil is anticipated to render lucrative opportunities to the market players during the forecast period.

Key Players

Some of the players operating in the Global Insect Protein Market Size are Chapul LLC (US), EnviroFlight LCC (US), Entomo Farms (Canada) and Cricket Flours LLC (US)

Segment Analysis

Global insect protein market has been segmented based on insect type, application, and region. Based on insect type, the market has been divided into crickets, mealworms, grasshoppers, ants, bees, termites, black soldier fly, silkworm, houseflies, cicadas, and others. The crickets protein segment is expected to be larger during the forecast period. Crickets are rich in protein content, thus making it the most popular source of protein. Along with proteins, crickets are also a good source of chitin and other fibers that may influence gut health. However, the demand for mealworms protein is growing as they can be reared in both the temperate and tropical regions. The mealworms protein segment is growing at a higher CAGR of 24.00% during the forecast period.

Based on application, the global insect protein market is segmented into human nutrition and animal nutrition. The human nutrition segment is further divided into food & beverages, pharmaceuticals, nutraceuticals, cosmetics, and others. Among both, the human nutrition segment is dominating the global insect protein market. The food & beverages segment under the human nutrition segment account for the largest market share owing to demand high protein foods and increasing health consciousness has resulted in increased demand for the insect protein. The protein has found its application in convenience foods such as snacks, bars, and an ingredient in various cuisines. During the forecast period, food & beverage segment is estimated to grow at a significant CAGR as to reach USD 59,748.7 thousand by the end of 2023. Nutraceuticals is the second major segment. However, animal nutrition is another major application for insect protein. The high nutritional properties of insects, especially protein content, have resulted in high demand for the insect proteins in the animal feed. The trend has increased in the last few years. The high focus on precision nutrition and increased need for high growth and performance among the animals have resulted in increased demand for insect proteins in the feed.

Regional Analysis

Geographically, the global insect protein market has been segmented by region, into North America, Europe, Asia-Pacific, and Rest of the World. As per MRFR analysis, Europe dominated the market, and accounted for the largest share of the market in 2016 and expected to grow at a CAGR of 21.10%. Europe market is followed by North America, which is accounted for the second largest number of shares in the global insect protein market, as of 2016. North America market is estimated to reach USD 73,297.9 thousand by the end of 2023. Asia-Pacific is a substantial region in the market, which accounts for 13.43% share of the market as of 2016. Country wise, Germany is the leading market, in terms of value, followed by the US.

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Fruit Puree Market Size, Global Overview, Key Players and Forecast to 2023

Market Analysis

Fruit puree is thick and smooth processed food product, which provides a color boost and an enhanced flavor to both food and beverage applications. Fruits with high water contents naturally have lower calorie counts when pureed. Moreover, owing to their high concentration, they have higher energy density values than fresh fruit. Intake of fruit puree can lower the risk of various chronic diseases including high blood pressure, stroke, diabetes, heart attack, high cholesterol, cancer, bone loss and kidney stones. Fruit puree has gained acceptance in various industries such as baby nutrition, beverages, dairy & frozen desserts, and others.

The market for purees has been rising incrementally as the demand for having fresh fruit pulp all year round has increased significantly. The use of fruit purees in cooking applications, smoothies, and other food applications is motivating the development of the market extensively. Due to the high concentration of the nutritional content in fruit purees, they are seeing an increase in the number of applications. Innovations and new product improvements are projected to contribute to the market expansion in the forecast period.

Major Key Players Strategy

The strategic competitors that are shaping the Fruit Puree Market Size globally are Baby Gourmet Foods Inc. (Canada), Nestle (Switzerland), Kerr concentrates (U.S.), Kagome Co. Ltd (Japan) ITC Limited (India), Dohler GmbH (Germany) and Tree top Inc. (U.S.)

The framework for growth plans has equipped the market for possible new entrants. The gaps in the market are met due to the carrying out of appropriate supply chain strategies. The development of the products and services is the principal factor increasing the market’s efficiency and controlling the trends that are gaining distinction in the market. The variety witnessed in terms of strategy creation and execution is changing the development pace of the market. The influential success factors and players’ preferences are slowly but surely mounting by the strategies being used by market contenders. Additionally, the expansion of new products and services will add further momentum to the market development.

Industry Updates

Sep 2018 Italian Food which is one of the most reputable fruit processing companies is preparing to invest EUR 10 million in the building of its fruit juice, puree and concentrate production in Priboj, Serbia. Once the manufacturing facility is open, the fruit cultivators from this part of Serbia will resolve their product placement problems, which so far have mainly depended on the conditions and prices set by the few proprietors of refrigeration units.

Segmental Analysis

The segmentation of the market for fruit puree is carried out on the basis of type, fruit, and application. By type, the fruit puree market is segmented into conventional and organic. The organic segment is acquiring high acceptance among the population due to growing awareness concerning organic products and their linked health benefits. The organic segment is projected to boost the development of fruit puree market over the forecast period. On the basis of fruit, the fruit puree market is segmented into guava, banana, mango, papaya, tomato, and others. The banana segment is observed to be the fastest rising segment due to the nutritional content present in the fruit. On the basis of application, the fruit puree market is segmented into beverages, dairy & frozen desserts, baby nutrition, and others. Among all the segments, the baby nutrition segment is controlling the market followed by the beverages segment. The growing application of fruit puree in alcohol, smoothies, and other functional beverages is adding to the growth of the beverage segment.

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Coconut Milk Market Size | Industry Demand, Business Growth and Forecast to 2023

Market Overview

Global Coconut Milk Market is predicted to expand at a staggering CAGR over the assessment period (2017-2023) owing to the increasing health consciousness among the population, asserts Market Research Future (MRFR). Coconut milk is the thick white liquid extracted from the grated meat of a mature coconut. Coconut milk is enriched with lauric acid which imparts energy to the human body and is extensively used across food industries in order to enhance the aroma, flavor, and the nutrient of the food. Moreover, the lactose-free property makes it popular among the lactose-intolerant consumers.

Coconut milk contains high oil content which gives it rich taste and color. Coconut milk offers several health benefits such as improves the immune system and reduces critical illness. For instance, the presence of lauric acid in coconut milk helps to increase energy. Also, the fatty acids help to reduce cholesterol levels, control heart attacks and strokes, and improve the level of blood pressure. Due to such health benefits offered by coconut milk, the market is predicted to expand substantially over the forecast period. Due to the growing concern about animals and the environment, there has been significant growth in the vegan population. The adoption of natural food products along with preference for vegan diet has spurred the market growth over the assessment period.

On the flip side, the limited sources of tender coconuts utilized for the preparation of product can inhibit the market growth over the forecast period. Moreover, excess consumption of coconut milk causes high blood cholesterol which eventually leads to allergies. Such factors are anticipated to hamper the market growth over the forecast period.

Industry News

Huanlejia in China has partnered with Sidel and switched its coconut milk from HDPE to PET bottles, running at 48,000 bottles per hour. The reason behind the change was mainly due to reinforce its brand image and enhance the speed of production.

Competitive Analysis

The major players operating the Coconut Market Size are McCormick & Company (U.S.), Native Forest (U.S.), Ducoco Produtos Alimenticios S/A (Brazil), Pure Harvest (Australia), Goya Foods Inc. (U.S.), Theppadungporn Coconut Co. Ltd. (Thailand), WhiteWave Foods (U.S.), and others.

Segmental Analysis

By mode of form, the market has been segmented into liquid, powder, and others. Among these, the liquid segment holds the largest market share owing to its ready-to-use and ready-to-drink property. Also, the shelf-life of the powder form supports the growing demand from the consumer’s side.

By mode of packaging, the market has been segmented into cans, box, vacuum pack, bottle, and others. Among these, the bottle packaging segment holds the largest market share due to convenience usage.

By mode of application, the market has been segmented into beverages, bakery and confectionery, dairy and frozen dessert, convenience foods, and others. Among these, the segment for bakery and confectionery holds a larger share owing to its wide application in the industry.

By mode of distribution channel, the market has been segmented into hypermarkets and supermarkets, specialty stores, convenience stores, e-commerce, and others. Among these, the supermarkets and hypermarkets segment has found to be the dominant segment and is expected to maintain its dominance over the review period due to the robust growth of organized retail globally. Meanwhile, specialty stores are expected to expand during the assessment period.

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Ketogenic Diet Market Size | Global Analysis, Key Players and Forecast to 2023

Market Overview

Global Ketogenic Diet Market is profiled in extensive detail in the latest research report from Market Research Future (MRFR). The global ketogenic diet market’s trajectory through the historical review period is studied in detail in the report in order to draw pointers on the market’s likely growth trajectory in the coming years and the major factors enabling growth of the market. The major drivers and restraints affecting the global ketogenic diet market are profiled in detail in the report. Social and economic factors affecting the global ketogenic diet market are also studied in the report to provide readers with a comprehensive picture of the ketogenic diet market.

Ketogenic diet, also known as keto diet, is a diet that encourages the body to switch to burning body fat as the primary source of energy rather than carbohydrates. The diet consists of eating very little carbs and maximizing the intake of fats and proteins. This, over time, instructs the body to make fat burning the default mode of energy generation, as dietary consumption of carbohydrates drops down to unprecedented levels.

The ketogenic diet is similar to other low-fat diets such as Atkins and paleo, insomuch as the consumption of carbohydrates is limited instead of limiting fats. Fats are essential compounds for the human body and are used in several applications within the body. In contrast, carbohydrates can be acquired from breaking down fats and are not a requisite when it comes to dietary requirements. In addition, consuming fats directly leads to their digestion, leading to their breakdown into simpler compounds that are easily absorbed into the body. In contrast, overeating carbohydrates leads to the body turning the excess carbs into body fat, which simply makes the person more obese. These factors are driving the global ketogenic diet market at a steady pace.

The growing prevalence of obesity around the world is a major driver for the global ketogenic diet market. Dietary changes are thought to be the best way of losing weight, leading to many people turning to conventional as well as unconventional diets, including the keto diet. The increasing validation given to the keto diet by medical science has also led to increasing commercialization of keto diet packs, which is likely to be a major driver for the global ketogenic diet market over the forecast period.

Competitive Analysis

Leading players in the global Ketogenic Diet Market Size include Ample Diets, Nestle, Pruvit Ventures Inc., Keto and Company, Keto Fridge, Perfect Keto, Lovegoodfats, Nutricia, Thrive Market, and Diet Darzee. Key players in the ketogenic diet market are likely to expand product diversity in the coming years, in order to enable revenue generation from a wider range of commercialization channels. The increasing demand for online purchasing of keto diet foods is also likely to be a key driver for players in the ketogenic diet market.

Segmentation

The global ketogenic diet market is segmented on the basis of product type, distribution channel, and region.

By product type, the global ketogenic diet market is segmented into beverages; fruits and vegetables; nuts and seeds; meat, poultry, and eggs; seafood; and others.

By distribution channel, the global ketogenic diet market is segmented into store-based and non-store-based distribution. The store-based distribution channels are segmented into supermarkets and hypermarkets, specialty stores, and others.

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Non-Dairy Frozen Desserts Market Size, Growth Demand, Leading Players and Forecast to 2024

Market Analysis

Changing times tend to impact changing styles. The most to bear the brunt of the transforming societies and industrial achievements is the individual lifestyle, and the food habit has gone haywire. However, this has also given rise to health concerns as people now have more disposable income than ever which they are ready to spend on products that would compensate for their erratic food consumptions.

Along with it, veganism is slowly emerging as a trend of tomorrow making people opt for more nature-based foods by supplementing animal-based nutrients. Hence, the non-dairy frozen market can anticipate an unprecedented growth during the forecast period (2017-2024), reveals Market Research Future (MRFR) in an extensively-studied report. Demand for convenience food, coupled with various diet trends to lead the non-dairy frozen market further ahead. However, governments are imposing stringent laws to promote food safety and security and are accordingly, certifying products. People are also relying more on such certification which gives the product its credibility. But the process to gain one is often cumbersome in many nations which can deter the non-dairy frozen market growth in the foreseeable future.

Market Key Players Analysis

The market is getting driven by major market influencers who are launching new products all the time to enjoy an edge over the rest. Research and developments are getting precedence when it comes to innovation, and the market is openly embracing it as taste-wise the market has huge potential.

The key players profiled in the Non-Dairy Frozen Desserts Market Size are Hain Celestial (U.S.), Sunopta Inc. (Canada), Cool Delight Desserts Ltd (U.K.), Unilever (U.K.), Daiya Foods Inc. (Canada), Arla Foods (Denmark), Archer Daniels Midland Company (U.S.), and others.

Industry Trends

Lactose-free dessert is slowly gaining traction as it suffices needs of both vegans and people who suffer from lactose intolerance. Keeping this in mind, Arctic Zero launched lactose-free, whey-protein based frozen dessert, and plant-based frozen desserts. Their portfolio includes products such as chocolate peanut butter, salted caramel, cookie shake, cake batter, brownie blast and others.

Häagen-Dazs is expanding their array of products with the recently-launched non-dairy frozen dessert bars and trio crispy layers.

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Segmentation

The global non-dairy frozen desserts market can be segmented by type, ingredients and distribution channel.

By type, the market is segmented into custard, sherbets, frozen yogurt, sorbet, nondairy ice-creams, and others. Ice-creams are the market leaders, but rising health awareness, is giving frozen yogurt segment much precedence owing to which it can enjoy the highest CAGR during the forecast period.

Ingredients-based market comprises soy milk, rice milk, almond milk, coconut milk, fruit puree & pulp. The market is witnessing soy milk reigning supreme. However, coconut milk will be the highest growing segment during the forecast period as people are becoming more aware regarding its health benefits.

Based on distribution channel, the market is segmented into store-based and non-store based.

Regional Analysis

Geographically, the market includes regions namely North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).

Europe has the maximum share of the market which is getting generated by the health-conscious fraternities. The APAC follows suit as the region is experiencing the rise of the working-class population along with on-the-go products that are impacting markets of China and India considerably. Its growth in the region is getting complimented by rising disposable income and a vegan diet trend.

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Non-Dairy Cheese Market Size, Business Growth, Key Players and Forecast to 2024

Market Overview

Global Non-Dairy Cheese Market is projected to grow at the CAGR of 7.70%. Non-Dairy Cheese market has witnessed substantial innovation in terms of new product launches along with research & development and collaboration. Also, the overall disposable income of the consumer is increasing over the past few years which in turn leads to surge in sales of non-dairy cheese during the forecast period.

With changing lifestyle and evolving dietary pattern, convenience food plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of convenience food began in western world and spread to other regions rapidly which in turn will positively influences the sales of non-dairy cheese market soon. There has been an increasing incident of lactose intolerance for those consumers are inclined to adopt plant-based milk product instead of the animal milk product which is directly proportionate to the sales of non-dairy cheese during the forecast period.

Cheese is derived from the processing of curd which is further ripened to give peculiar texture, flavor and aroma to the product. The production of cheese involves enzymatic and acid activities. The ageing of cheese gives the desired final product. Non-dairy Cheese are derived from plant based (soymilk, almond milk, coconut milk, rice milk). Non-dairy cheese is different from traditional regular cheese which is manufactured using dairy ingredients. Non-dairy cheese is prepared from plant-based milk and is from lactose and casein. Dairy-free food is considered lactose-free, but a product that is lactose-free is not necessarily dairy-free.

Non-Dairy Cheese Market Major Key Players

This report includes a study of strategies used in the Non-Dairy Cheese Market Size mergers and acquisitions in non-dairy cheese, multiple product launch by nondairy cheese market players. It further includes product portfolios and developments of leading major players which includes

The leading market players in the Global Non-Dairy Cheese Market primarily are Daiya Foods Inc. (Canada), Galaxy Nutritional Foods, Inc. (U.S.), violife Foods (Greece), Kite Hill Cheese (U.S.), Tofutti Brands Inc. (U.S.), Bute Island Foods Ltd (U.K.), Follow Your Heart (U.S.)

The market players have increased their level of investment in research to identify right formulation and to improve product functionality to capture lion’s share and create brand recognition in nondairy cheese market. Manufacturers indulge in maintaining transparency and allow food traceability to manage and mitigate risk and lowering the impact of recalls and lowering liability costs. The global nondairy cheese market is segmented based on source, application, product type, distribution channel and regions of Non-dairy cheese.

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Non-Dairy Cheese Market Regional Analysis

Global Non-Dairy Cheese Market is segmented into North America, Europe, Asia Pacific and Rest of the world. Among these, Europe is projected to retain its dominance throughout the forecast period. Europe is estimated to reach to USD 1.58 Bn by the end of 2024. The region is projected to grow at a substantial growth of 7.90% during the review period of 2017-2024. The growth is contributed by the increasing emphasization on vegan diet coupled with the innovative product launch by the key players in the global non-dairy cheese market. However, Asia Pacific region is also estimated to grow at a high pace as compare to the other region owing to the increasing acceptance of plant-based milk products.

Non-Dairy Cheese Market Segments

Non-Dairy Cheese Market has been segmented based on source such as Almond Milk, Soymilk, Coconut Milk, Rice Milk and others. Soy milk is estimated to account maximum market proportion of 54.3% by the end of 2017. It is projected to retain its dominance during the forecast period of 2017-2024. Based on application, global non-dairy cheese market has been segmented into fast food snack, dips & sauces, bakery & confectionery and others. Based on product type, global non-dairy cheese market has been segmented into Mozzarella, parmesan, cheddar, cream cheese and others. Based on distribution channel, Global Non-Dairy Cheese Market has been segmented into store based and non-store based.

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Herbal Extracts Market Size, Global Analysis, Industry Trends and Forecast to 2024

Market Overview

Herbal extract is referred to the crude mixtures extracted from various parts of plants, which have diverse applications in various industries. The extraction of herbal compounds is generally carried out using ethanol or water. Herbal extracts have been identified to be highly consumed in the form of dietary supplements. Other major application sectors of herbal extracts include food, beverages, pharmaceutical, cosmetic & personal care, and others.

Pharmaceutical industry, especially herbal dietary supplements, is gaining acceptance in developed economies, which, in turn, would accelerate the sales of herbal extract during the forecast period. Furthermore, various homeopathy products are manufactured using herbal extracts, which are estimated to propel the growth of herbal extract market further. Increasing number of health-conscious consumers, along with the rising usage of plant extract dietary supplement, is also anticipated to fuel the growth of the global herbal extract market during the forecast period. The rising demand for anti-aging skin care products is one of the key factors for the rising growth of the global herbal extract market. Consumers are identified to have a high preference towards skin care products, which contain natural ingredients, over chemically loaded products.

Major Key Players

Some of the key players profiled in the Global Herbal Extracts Market Size are Plant Extracts International Inc. (U.S.), MB-Holding GmbH & Co.KG (Germany), Changsha Organic Herb, Inc. (China), INGREDIA nutritional (France), IPRONA AG (Italy), Lehmann & Voss & Co. KG (Germany), KALSEC Inc. (U.S.) and FT Technologies, Inc. (U.K)

Key Findings

Asia Pacific is estimated to register maximum growth due to the massive growth of herbal dietary supplements and cosmetic industry in the developing nations of Asia Pacific

North America is estimated to dominate the global herbal extract market during the forecast period

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Regional Analysis

Global Herbal Extract Market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). North America is dominating the global herbal extract market, in terms of market share. North America is the largest consumer of herbal ingredients in food & beverage and pharmaceutical products. Additionally, the U.S., Canada, and Mexico are the major consumers of herbal extract products.

Furthermore, awareness regarding health benefits of herbal products is also projected to stimulate the growth of the market in North America during the review period. However, Europe is also anticipated to witness a decent growth over the forecast period due to the early adoption of new products and technology. Additionally, Asia Pacific region is anticipated to grow tremendously during the review period, owing to the increased growth of pharmaceutical industry in India and China.

Segments

Herbal Extract Market has been segmented based on Ingredient, which comprises Garlic, Basil, Soy, Marigold, Aloe Vera, Licorice, Reishi and others.

Herbal extract has been segmented based on application, which includes foods, beverages, dietary supplements, personal care, and others.

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Dietary Supplements Market Size | Worldwide Trends, Share and Forecast to 2024

Market Overview

Global Dietary Supplements Market for dietary supplements is capitalizing on the fitness revolution where more people are embracing a healthy way of life. The Google trends show surge in health-related queries in countries which were not much focused towards healthcare before. People are opting for dietary supplements to meet the deficiency of nutrients in their food. Factors such as rise in disposable income, standardization of lifestyle, increased investments by market operators, changing healthcare habits; rising population, increased awareness etc. are key drivers of the growth of the market. Other major factors that are leading to multiplied value of market are assurance of meeting the everyday nutritional requirements of consumers, prevalence of diseases such as, blood pressure, malnutrition, obesity, etc. The rising costs of medical treatments are pushing the consumers to spend towards preventive healthcare. Consumers choose dietary supplements to stay fit and healthy so that they can avoid expensive medical treatments that would have been required otherwise.

Global Dietary Supplements Market Size are products containing essential elements such as Vitamins, Herbals and Botanicals, Minerals, Amino Acids and Enzymes which supports good health and supplement the diet. They help to enhance the body functioning which could not be achieved in adequate amount through regular diet. Dietary supplements are available holding multiple nutrients as well as in the form of individual nutrients.

Reports on aging population suggest that the number of people over 60 years will be double by 2050. This is one of the key drives of the dietary supplements market growth as these supplements are elixirs of extended longevity for the senile population that forms a major part of the customer base. The development of nutraceuticals and pharmaceuticals sectors has further expedited the adoption of dietary supplement products. Factors that might hamper the growth of global dietary supplements market are insufficient knowledge about dosages, side effects of some products, false claims by organizations, etc.

Major Key Players Updates

A paradigm shift of consumers’ interest towards a healthy lifestyle has infused healthy and fierce competition among the players of the dietary supplements market. The enterprises that are taking part in the market competition are persistently endeavoring to strengthen their foothold in the growth of the market by expanding their robust portfolio of products. The development of competition can also be attributed to increased investments by the players for undertaking research projects. Some options and opportunities opted by market players to gain edge over others are, innovation, patents, competitive pricing, etc.

Some of the major players holding key shares in the market profiled by MRFR’S report are Glanbia Plc, Abbott Laboratories, E. I. Du Pont de Nemours and Company (US), NBTY Inc, GlaxoSmithKline Limited, BASF SE (DE), Royal DSM N.V., and, Amway Enterprises.

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Market Segmentation

By form, the Dietary Supplements Industry has been segmented into Tablet, Powder, Capsule, Liquid and Sweet Foods.

By type, market is segmented into Vitamins, Amino Acids, Minerals, Botanicals and others.

By application, it has been segmented into Personal Care, Pharmaceuticals and Sports Nutrition. Personal care market is further sub-segmented into weight loss, general wellbeing, bone & joint, immunity, and, digestive health. And, by pharmaceuticals, the market is sub-segmented into heart health, allergies, and, eye health.

By end users, the market is segmented into Youth, Children, Adults and Geriatric.