FMI Research

  The  Aquafeed Market  has experienced significant growth over the past decade and is projected to continue expanding. Factors driving this growth include a rising world population, increasing health consciousness, and the declining availability of wild fish stocks. As a result, aquaculture is becoming a key solution to meet the growing demand for seafood. Aqua feed, also known as fishfeed or fishmeal, is a crucial component of the aquaculture industry. It plays a pivotal role in providing essential nutrients to farmed aquatic animals such as fish, shrimp, and other crustaceans. The demand for aqua feed has been steadily increasing due to the rise in global fish consumption, growing aquaculture industry, and the need for sustainable protein sources. By 2033 , aquafeed market is expected to reach a valuation of  US$ 90.9 billion , with a strong  CAGR of 6.8%  over the next ten years. This significant growth is anticipated from its starting point of...

  The  Pet Food Processing Market  is expected to be valued at  US$ 6,684.4 million in 2024 . In contrast, the 2023 value was marked at  US$ 6,348.0 million . The market is expected to progress at a modest rate over the forecast period, with a  CAGR of 4.0% . By 2034, the value of the market is forecasted to have inflated to  US$ 9,112.7 million . The need for pet food processing is growing along with rising adoption rates of pets and the subsequent demand for pet food. A growing number of pet owners are becoming knowledgeable about the benefits of specialized pet food and thus the demand is being churned for pet food processing. Further, the variety of pet food desired by pet owners is being fulfilled by pet food processing. Pet food processing is consistently taking steps forward with the advent of advanced equipment and techniques. A process like rendering is allowing manufacturers to cut down on costs. In addition to meat-based r...

  The  palm oil market   is anticipated to expand its roots at an average  CAGR of 4.48%  between 2023 and 2033. The market is expected to have a market share of  USD 109.97 billion  by 2033 while it is likely to be valued at  USD 70.95 billion  in 2023 Palm oil of refined and non-refined grades have their applications that are spread wide through the industries, flourishing the demand for palm oil across the globe. Restoration of industries like food, bakery, and packaged snack industry is booming the palm oil market as it is applied in 50% of the food products. These food products involve fried, baked, and frozen food items. The use of palm oil as a secondary fuel or biofuel source is also gaining traction in the market. Alongside this, Southeast Asian economies are transitioning from a conventional source of energy to a sustainable source. This also fuels the sales of palm oil acros...

  The global  whey protein market  is expected to grow at a prolific CAGR of 7.5% from 2023 to 2033. The target market is set to reach an estimated USD 19.6 Billion in 2023. By 2033, the whey protein market will likely reach USD 40.3 Billion. Rising demand for whey protein from the personal care, health, and wellness sector is expected to drive the growth of the whey protein market during the forecast period. The growth of the whey protein market in the region is driven by several key factors, including the rising demand for dairy-based ingredients, increasing consumer awareness of healthy diets, the growing popularity of health clubs and fitness centers, a globally aging population, and a heightened interest among younger generations in sports and nutrition. Whey-based snacks are gaining traction not only among health-conscious consumers but also among millennials seeking convenient snack alternatives to full meals and older individuals aiming for a protein-rich diet...

  Future Market Insight’s new survey estimates that the  food and beverage additive market  is anticipated to be valued at  US$ 65.20 billion  in 2024 and is projected to reach  US$ 104.79 billion by 2034 , witnessing a CAGR of  5.80%  from 2024 to 2034. The consumption of food additives in the beverage sector is anticipated to remain elevated through 2034 due to the emergent use of artificial and natural sweeteners in various industries. Food additives are essential for improving the freshness, flavor, texture, and shelf life of food products. The growth of the food and beverage sector is driving the food and beverage additive market, influenced by shifting population eating trends towards packaged food and beverage consumption. Manufacturers offer additives from various sources, such as plants, animals, or minerals, to meet consumers’ evolving needs. New natural preservatives are being developed to preserve the nutritional quality of food....

  The global pulse ingredients market , valued at USD 22,914.70 million in 2024, is projected to reach an impressive USD 41,075.47 million by 2034, growing at a robust CAGR of 6.0% during the forecast period. This growth reflects the increasing demand for sustainable, nutritious, and plant-based food solutions that align with evolving consumer preferences and global sustainability goals. Pulse ingredients, derived from legumes such as chickpeas, lentils, peas, and beans, are lauded for their rich nutrient profile and diverse culinary applications. They are high in protein, fiber, vitamins, and minerals, making them indispensable in various industries, including food and beverages, animal feed, and even personal care. As health-conscious consumers and manufacturers seek functional and eco-friendly ingredients, pulse-based solutions are reshaping the global food landscape. Pulses are seeds that are edible and are from plants in the legume family. Pulses grow in pods that var...

  The global  Pulses Market   is set for robust growth over the next decade, with its market value expected to increase from  USD 78.0 billion in 2024  to  USD 135.2 billion by 2034 , representing a  CAGR of 5.7%  during the forecast period. The growing demand for plant-based protein sources, coupled with shifting consumer dietary preferences, is driving the market’s expansion globally. Asia-Pacific is projected to dominate the pulses market in terms of production and consumption, attributed to the dietary staple nature of pulses in the region. Meanwhile, North America and Europe are witnessing a surge in demand for pulses-based products, driven by a rising vegan population and increased interest in sustainable protein alternatives. Technological advancements in pulse processing and the introduction of value-added products like pulse-based snacks, flour, and protein isolates are expanding market opportunities. Moreover, increasing awareness of...

  The global vegan supplements market is witnessing substantial growth, with its valuation estimated to be around USD 9.1 billion in 2024 and projected to expand to USD 17.7 billion by 2034. This represents a strong compound annual growth rate (CAGR) of 6.9% from 2024 to 2034. The surge in demand for plant-based alternatives, driven by growing consumer awareness around health, sustainability, and ethical considerations, is fueling this expansion. As more consumers embrace plant-based lifestyles, the market for vegan supplements is gaining traction, offering a wide range of products, including protein powders, vitamins, minerals, and other plant-derived nutritional supplements. Key ingredients such as turmeric, beetroot, and Ayurvedic components like ashwagandha, shatavari, and amla are increasingly sought after due to their myriad health benefits. In addition, botanical ingredients such as ginseng, moringa, spirulina, and maca root are becoming more desirable for their nutrition...