FMI Research

The global market value for global poultry feed grew at a CAGR of roughly 3.5% over the last half-decade and is currently valued at US$ 111.3 Billion for the year 2022. According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the global  poultry feed market  is expected to reach a market valuation of US$ 225.7 Billion by the year 2032, accelerating with a CAGR of 5.5% by 2022-2032. As the world population continues to grow, the demand for poultry products is expected to rise. The increasing popularity of poultry meat and eggs as healthy protein sources is driving the growth of the market. In addition, rising disposable incomes in developing countries are providing a boost to the market. Consumers in these countries are increasingly able to afford chicken and eggs, which has led to a shift in dietary preferences away from plant-based proteins toward animal-based proteins. This trend is providing opportunities for feed manufactu

The global  frozen potato market  size was valued at  US$ 58.5 Bn  in 2022 and it is expected to grow at a  CAGR of 5.8%  from 2022 to 2032. Frozen potato sales are likely to account for  ~6.0%  of the demand in the global frozen potato market, valued at  US$ 58.5 Bn  in 2022. As global potato output is increasing, food manufacturers are getting more opportunities to introduce a wide range of potato-based food products, both fresh and frozen, resulting in a surge of new product launches in recent years. Moreover, the excellent nutritional content of frozen potato products is also one of the fundamental reason for their rising consumption. For example, according to the United States Department of Agriculture, 100 grams of potatoes provide around 4% of the RDA for calorie consumption, 6% of the RDA for carbohydrates, 9% of the RDA for dietary fiber, 4% of protein, and 33% of the RDA for vitamin C, among other nutritional intake requirements. Key Takeaways from Market Study Th

The Global  Superfood Powders Market  is expected to reach a market valuation of USD 6,750.0 Mn by the year 2022, accelerating with a CAGR of 7.2% by 2022-2032. North America Superfood Powders sales are likely to account for ~35% of the demand in the Global Superfood Powders Market, valued at USD 13,528.6 Mn in 2032. Superfood powders have moved beyond the health food stores to land at local supermarkets and hypermarkets. While the authenticity of benefits of these products is still a subject of debate in various scientific spheres, large-scale and increasing demand for superfood powders is paving the way for innovative products and new businesses, according to a new report by Future Market Insights (FMI). Superfood powders are nutrition-rich products that offer specific health benefits, ranging from imploring immune system and detoxifying the body naturally, to boosting energy levels as well as sexual health. These products are considered suitable for adding significant nutrient

The  vanillin market  is expected to observe growth at a CAGR of 6.6% and touch valuation of USD 1.12 bn by 2032, while it holds a revenue of USD 519 Mn in 2022 Consumer buying behavior has changed drastically. They are consuming natural products that do not contain any preservatives.  As a result, demand for functional products that are rich in minerals or other essential vitamins to maintain good health is expected to rise, driving up the  sales of vanillin . This is expected to push  demand for vanillin  that has anti-oxidative, anti-inflammatory properties. Vanillin is the key flavoring additive in many food products and beverages, pushing the  demand for vanillin  globally. Demand for vanillin  is rising with its used bakery in products like cakes, bread-rolls, cookies, chocolates and confectionary items like sauces and syrups. It is also used in cosmetic industry to add a peculiar aroma to different soaps, shampoos and fragrances and in animal feeds. These widespread applicat

  Lactic Acid Market  is expected to reach US$ 6.76 Bn in 2032, likely to surge at a vigorous 8% CAGR during the forecast period of 2022 – 2032. Lactic acid forms an important industrial product, which is used in the formation of various small or large compounds. Lactic acid is formed through the breakdown of glucose and its oxidation. Lactic acid can be processed both naturally and synthetically. The naturally obtained lactic acid is formed by the fermentation process through bacterial reaction, the prominent bacteria involved in the process are lactobacillus, bifidobacterium, pediococcus among others. Moreover, lactic acid is also naturally present in human body obtained from glycogen through muscles cells to support energy production when oxygen supply is inadequate in the body. However, chemically lactic acid is derived through the hydrolysis of lacto nitrile. Lactic acid finds extensive application in food industry as it helps to regulate micro flora in the food and act as foo

The plant-based meat market size is set to be valued at US$ 4,784.2 Mn in 2022 and is expected to reach US$ 7,429.7 Mn by 2032. The market is projected to exhibit growth at a CAGR of 4.5 % during the forecast period (2022-2032). Plant-based products are both healthier and safer than animal-based products. The plant-based meat market is being driven by the growing popularity of veganism around the world. Increasing adoption of plant-based meat is primarily due to its rising popularity among consumers, as well as the product's versatility in terms of application. Plant-based meat is mainly linked to lowering the risk of heart disease and stroke. Plant-based meat is a good source of protein and nutrients, and it may also help to reduce inflammation in the body. The findings add to the growing number of evidence suggesting that plant-based diets can be beneficial for one’s health. If an individual is looking to reduce their risk of cardiovascular disease, they can consider i

As per a recent market analysis by Future Market Insights (FMI), the global  cheese market  is forecast to total  US$ 92 Bn  in 2022. With sales growing at a  3.4% CAGR , the market valuation will reach  US$ 128.5 Bn  in 2032. Increasing preference for healthier snack options is encouraging product developments in the market. Consumers are more concerned about portion control than giving in to another fistful of chips. In fact, nearly four out of ten consumers polled by the International Food Information Council claimed they sometimes eat snacks instead of meals (typically lunch). Cheese is a vital nutritional component in many snack foods, serving as a full supply of protein, vitamins, and minerals. There’s also been a big drive to come up with new ideas for healthier, ready-to-eat cheese products, like cheese-flavored popcorn, puffs, and crisps, which is anticipated to boost the market in the forthcoming years. The desire to create new cheese snack products has resulted in a de

In 2022, it’s expected that the  market for glucose oxidase  will be worth US$6543.7621 million. A huge development opportunity exists in this market as a result of rising demand from various sectors. Thus, it is anticipated that by 2023, this market will have a market value of US$ 12043.46827 million. This market is anticipated to expand at a CAGR of 6.4% from 2022 to 2032, up from 6.3% previously (2017-2021). Glucose oxidase is an enzyme mainly produced from Aspergillus and Penicillium that acts as a catalyzing agent for the oxidation of glucose. Its applications are multifarious however, it is mainly utilized in the food & beverages and healthcare sector. Contrary to popular belief, enzymes are not only used in the healthcare and food & beverage sector. Industrial sector has welcomed the use of enzymes in various applications as well. Unbeknownst to most, enzymes are utilized by us in some or the other form. Enzymes are used widely in the paper and pulp, textiles, food &

The  water softener market  is probably going to ascend to US$ 3.1 Billion out of 2022. The water softener market is expected to arrive at US$ 6.9 Billion with a CAGR of 8.3% by 2032. Water softener is primary filtration units used for conversion of hard water to soft water. The water softeners eliminate calcium and magnesium present in the water by chemical and physical methods in a controlled way to reduce the ill effects of the hard water over the end-use application. The hard water is converted into soft water by different processes such as ion exchange, distillation, and reverse osmosis. The ion exchange method is the most effective way of softening hard water but requires higher resources to per unit soft water output over other techniques. The water softener market is mainly based on the regions of hard water presence. The global water softener market is expected to be dominated by North America resulted in large population present in the hard water affected region. The hous

 The global  linseed oil market   is estimated at  USD 7.6 Bn  in 2022 and is projected to reach  USD 13.5 Bn  by 2032, at a CAGR of  5.9%  from 2022 to 2032. The linseed oil market is expected to acquire  ~3%  of the overall oilseeds market by 2022 end. In ancient Egypt, the flax plant was cultivated by the ancient Egyptians to produce linen out of the lignan abundantly present in the plant stem, which was used to wrap mummies. Linseed oil is extracted from the seeds of the flax seed using the extraction or pressing method. For thousands of years, linseed has been consumed as a food and also used as a remedial medicine. According to a new study by Future Market Insights, consumer demand for linseed oil Market is anticipated to experience a meteoric rise, aided by the high content of the omega-3 fatty acids, among the health conscious populace, globally. Linseed oil, often termed as flaxseed oil, is derived from the ripened, dried seeds of the flax plant belonging to the Linum fami

In 2022, the  market for health and wellness products  is projected to be worth US$ 6,900 Million. Health & wellness products have received a lot of attention lately, especially in the wake of the COVID-19 pandemic outbreaks, which has prompted business stakeholders to look at new revenue streams. The overall sales of health & wellness products products are projected to grow at a robust CAGR of 6.9% between 2022 and 2032, totalling around US$ 13,459.6 Million by the end of 2032. Health & wellness products are the products that provide a broad spectrum of the food and beverage industry coupled with beauty product industry globally. Younger consumers in the developing countries are willing to pay premiums for health & wellness products as a result of the rising importance in physical fitness. Manufacturers are reformulating health & wellness products to reduce cholesterol, sugar, sodium content and saturated fat of the food products due to increasing health consci

 As per FMI, the global coconut oil market is projected to grow from US$ 3.6 Bn in 2022 to around US$ 6.1 Bn by 2032, with overall coconut oil sales accelerating at 5.4% CAGR throughout the forecast period (2022-2032).  Rising usage of coconut oil across various end-use industries such as food & beverage, household, and cosmetics & personal care is driving demand in the global market and the trend is likely to continue during the forecast period.  The way consumers are perceiving organic products can be seen in their purchasing patterns, which are changing continuously with time. The effects of organic products on consumer health are the most influential factors for the expansion of the organic products market. The increasing trend among the consumers for organic products has forced the manufacturers to offer products of organic nature.    This has also benefited the manufacturers in increasing their sales and better catering to the increasing need for healthy and nat