The global   functional food and beverage market   reached a value of USD 364.18 billion in 2024. It is projected to expand from USD 398.81 billion in 2025 to USD 793.60 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.33% during the 2025–2032 period. In 2024, Asia Pacific led the market, accounting for 39.45% of the global share.

In the United States, the market for functional food and beverage products is expected to grow substantially, reaching an estimated USD 117.22 billion by 2032. This surge is driven by increasing consumer preference for nutrient-dense products that support health and wellness goals.

Functional foods and beverages go beyond basic nutrition by incorporating health-boosting compounds such as amino acids, proteins, vitamins, minerals, fatty acids, and prebiotics. With a growing public focus on immunity and well-being, particularly following global health crises like COVID-19—demand for these enhanced products has soared.

Information Source:  https://www.fortunebusinessinsights.com/functional-foods-market-102269  

Market Segmentation

The functional food market is categorized by type into cereals and grains, dairy products, bakery items, fats and oils, and other fortified foods; by distribution channel into supermarkets and hypermarkets, convenience stores, online platforms, and others—with supermarkets and hypermarkets leading in 2020, accounting for 44.21% of global sales and 43.06% in the U.S., reflecting strong consumer preference for in-store shopping; and by region into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Highlights

• In-depth regional analysis of market dynamics
• Evaluation of key growth drivers, opportunities, and barriers
• Profiles and strategies of leading players
• Actionable insights into consumer trends and segment-specific demand

Market Drivers

Startups Catalyzing Growth Through Innovation

The growth of food and beverage startups has significantly driven market expansion by introducing innovative, health-focused products tailored to modern lifestyles. Examples include Remedy Organics (New Jersey), which offers plant-based beverages with botanicals, superfoods, and probiotics; YoFiit (Toronto), which creates chickpea-based non-dairy meal replacements; and Hapi Drinks (Texas), which provides sugar-free beverages for children to help address childhood obesity and type 2 diabetes. These targeted innovations are diversifying the market and appealing to niche consumer segments.

Regional Insights

Asia Pacific is expected to retain its leading market position, driven by rising incomes and growing demand for health-conscious foods in countries like China and India, with a 2020 market value of USD 100 billion and a projected CAGR of 10.04% from 2021 to 2028. In Europe, strict regulations are encouraging manufacturers to boost research and development, fostering innovation in functional products. Meanwhile, in North America, consumer preference for naturally sourced and clean-label products is creating a favorable environment for the growth of functional foods and beverages.

Competitive Landscape

Expanding in Emerging Markets Through New Launches

Leading food and beverage companies are exploring high-growth regions with rising health awareness to introduce functional offerings and strengthen their market footprint.

Key Companies Featured in the Report

• The Coca-Cola Company (USA)
• Celsius Holdings, Inc. (USA)
• PepsiCo Inc. (USA)
• Glanbia Plc (Ireland)
• Nestlé S.A. (Switzerland)
• Arla Foods amba (Denmark)
• Hearthside Food Solutions LLC (USA)
• Tyson Foods Inc. (USA)
• General Mills Inc. (USA)
• Danone S.A. (France)

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Industry Development

December 2020:   Nestlé unveiled a functional milk product in China under its YIYANG Active brand. Designed for adults, the beverage supports joint flexibility, muscle strength, and bone health. This powdered drink was the first product from Nestlé to secure functional food certification in the Chinese market.

The global   biostimulants market   was valued at USD 4.03 billion in 2024. It is expected to expand from USD 4.47 billion in 2025 to USD 9.75 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.80% throughout the forecast period. Europe led the global biostimulants market with a share of 38.95% in 2024.

The U.S. biostimulants market is anticipated to experience strong growth, with projections estimating it will reach USD 1.46 billion by 2032. This growth is largely fueled by increased research and development activities by major industry players and innovations in agricultural technologies.

Biostimulants refer to substances or microorganisms applied to plants with the aim of improving crop quality, enhancing nutrient uptake, and increasing tolerance to environmental stresses. Rising interest in organic farming, growing environmental and climate-related concerns, and the global emphasis on sustainable agriculture are among the key factors driving market growth.

Information Source:   https://www.fortunebusinessinsights.com/industry-reports/biostimulants-market-100414  

Segmentation:

Non-Microbial Biostimulants to Lead Due to Unique Bioactive Components

Based on the source, the market is divided into microbial and non-microbial biostimulants.

The non-microbial segment holds the largest share and is expected to maintain this position due to its effectiveness in improving crops’ physiological and biochemical characteristics. These biostimulants include various active compounds like humic acids, inorganic substances, seaweed extracts, and biopolymers.

Seaweed Extracts to Command the Market Due to Rich Elicitor Content

In terms of active ingredients, the market includes humic substances, seaweed extracts, microbial amendments, vitamins and amino acids, and others.

Humic substances, which include humic and fulvic acids, are extensively used by growers and are known to cause positive changes in root system structure.

Foliar Application to be the Leading Method Due to Superior Effectiveness

By application method, the market is segmented into seed treatment, foliar application, and soil treatment.

Foliar application holds the highest market share because of its superior ability to enhance plant health and performance efficiently.

Row Crops to Hold Dominance Due to High Cultivation Rates

The crop type segment includes turf and ornamentals, row crops, fruits and vegetables, and others.

Row crops—comprising cereals, fiber crops, oilseeds, and pulses—are anticipated to remain the most dominant, given their extensive cultivation worldwide. Major crops include cotton, soybean, sunflower, and others.

Regionally, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

This report offers:

• In-depth insights into growth drivers, market challenges, opportunities, and restraints.
• Detailed analysis of regional market trends.
• Overview of leading companies operating in the market.
• Review of strategies adopted by market participants.
• Updates on major developments such as new product launches, partnerships, and mergers & acquisitions.

Drivers and Restraints:

Increased Preference for Natural Crop Enhancers to Fuel Market Growth

The direct connection between food safety and public health has prompted stakeholders in the agriculture and food industries to support sustainable food production. Farmers are increasingly choosing biostimulants to boost plant health and resilience under extreme weather conditions. However, in many emerging economies, the absence of strong regulatory frameworks and limited awareness of biostimulant benefits may pose challenges. Additionally, a lack of reliable products and support policies could restrict market expansion.

Regional Insights:

Europe to Lead Due to Rising Support for Eco-Friendly Agricultural Inputs

Europe is projected to hold a dominant position due to growing governmental and institutional focus on adopting sustainable agricultural practices, along with active biostimulant associations across the region. In North America, the market is expected to rise steadily due to increased investment in research related to biological agricultural inputs. These tools are becoming essential to integrated approaches for maximizing crop output.

Competitive Landscape:

Leading Companies Focus on Innovation to Strengthen Market Position

Top companies continue to develop and release new products to maintain market leadership. In addition, firms—both large and small—are employing strategies such as research and development, mergers and acquisitions, and collaborations with public entities to improve their competitive standing.

List of Key Players Highlighted in the Report:

• Bayer AG (Germany)
• Syngenta AG (Switzerland)
• UPL Limited (India)
• Gowan Group (U.S.)
• BASF SE (Germany)
• Marrone Bio Innovations (U.S.)
• SEIPASA S.A. (Spain)
• I. Industries (India)
• Novozymes A/S (Denmark)
• Koppert Biological Systems (Netherlands)

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Key Industry Development:

March 2022:   Valagro, along with its Indian arm Valagro Biosciences, introduced its innovative biostimulant product, Talete, to the Indian market. This new solution is designed to improve crop water productivity.

The   cold brew coffee market   was valued at USD 3.16 billion in 2024. Projections indicate that the market will grow from USD 3.87 billion in 2025 to USD 16.22 billion by 2032, registering a compound annual growth rate (CAGR) of 22.71% over the forecast period. North America led the cold brew coffee industry in 2024, holding a 35.76% share of the global market. The U.S. market, in particular, is expected to witness substantial growth, with an anticipated value of USD 4.88 billion by 2032, primarily fueled by rising consumer demand for specialty beverages such as Ready-to-Drink (RTD) coffee.

Cold brew coffee is a type of beverage produced by steeping coffee grounds in water at room temperature for a minimum of 24 hours. Although there are various brewing techniques, this method is the most time-intensive. One of its benefits is that it eliminates the bitterness often associated with coffee, resulting in a smoother drink with a higher caffeine content. This technique enhances both the flavor and caffeine extraction, producing a rich and aromatic beverage. Like traditional coffee, cold brew is often served with milk, cream, or sugar. Enthusiasts of this method note its milder and less acidic taste compared to standard coffee. Major brands like Starbucks and Dunkin Donuts offer cold brew products widely.

Information Source:   https://www.fortunebusinessinsights.com/cold-brew-coffee-market-102647  

Segmentation:

Appeal of Coffee Cans Drives Increased Customer Demand

By packaging type, the market is segmented into glass bottles, plastic bottles, and cans. Among these, the cans segment holds a leading position due to advantages such as ease of transportation, extended shelf life, and a compact form factor.

Supermarkets/Hypermarkets Emerge as Key Sales Channels Due to Attractive Discounts

In terms of distribution channels, the market includes supermarkets/hypermarkets, specialty stores, convenience stores, and e-commerce platforms. Supermarkets and hypermarkets contribute significantly to market revenue, as they frequently offer bulk discounts on cold brew coffee products.

Regionally, the market spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

This report offers a comprehensive analysis of the market, covering essential elements such as prominent packaging types and key sales channels. It provides meaningful insights into recent industry developments, leading companies, and current trends. The report also explores additional variables that are contributing to market expansion.

Drivers and Restraints:

Consumer Shift from Soda to Coffee Boosting Market Expansion

A growing awareness of the health risks associated with carbonated drinks is prompting consumers to seek healthier alternatives. Coffee, being more nutrient-rich and free from the preservatives found in soft drinks, is gaining popularity. This health-conscious shift is a key factor driving the increased sales of cold brew coffee and subsequently supporting market growth.

However, the relatively high cost of cold brew products compared to traditional coffee options may discourage some consumers from purchasing them.

Regional Insights:

Launch of New Cold Brew Flavors Strengthens North America’s Market Leadership

In 2023, North America secured a significant portion of the global market, driven by the introduction of innovative cold brew flavors designed to appeal to a wide range of consumer tastes. Additionally, a growing preference for cold brew over carbonated beverages is further accelerating market development in the region.

Europe is also experiencing notable market growth, attributed to rising interest in specialty coffee beverages.

Competitive Landscape:

Major Players Prioritize Global Expansion to Strengthen Market Position

Key industry participants are actively pursuing strategies to broaden their international presence by forming alliances with regional firms. These collaborations are enabling companies to diversify their product offerings and better serve global consumer preferences.

LIST OF KEY COMPANIES PROFILED IN THE REPORT:

• Javy Coffee Company (U.S.)
• The J. M. Smucker Company (U.S.)
• Starbucks Corporation (U.S.)
• Blue Bottle Coffee, Inc. (U.S.)
• Sleepy Owl (India)
• Finlay’s (U.K.)
• Nestlé S.A. (U.S.)
• CoolBrew (U.S.)
• JAB Holding Company (Luxembourg)
• Wandering Bear Coffee (U.S.)

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Notable Industry Development:

August 2023:   Equator Coffees partnered with Emmi Group to roll out new RTD cold brew coffee variants. This collaboration resulted in the release of four classic flavors: pure black, a touch of milk and sugar, velvet mocha, and a hint of vanilla.

The global   lysine market   size was estimated at USD 5.95 billion in 2024. It is anticipated to increase from USD 6.18 billion in 2025 to USD 8.92 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.39% over the forecast period. In 2024, Asia Pacific emerged as the leading region in the lysine market, accounting for a 39.5% share.

Lysine, a vital amino acid, plays a crucial role in supporting bodily functions. It facilitates growth and helps convert fatty acids into usable energy. Additionally, lysine aids in lowering cholesterol levels, enhances calcium absorption, and contributes to bone health and collagen production. The increasing awareness among consumers is driving demand for lysine supplements. Additionally, lysine is extensively used in animal feed, acting as an important protein source that enhances growth and productivity in livestock. 

Information Source:   https://www.fortunebusinessinsights.com/lysine-market-109615  

Lysine Market Trends

Rising Efforts to Develop Innovative Lysine Forms for Broader Use

The trend of utilizing locally available raw materials to produce lysine is gaining momentum. Additionally, the popularity of alternative forms, particularly liquid lysine, is increasing due to its growing acceptance among end users.

SEGMENTATION ANALYSIS

The market is divided by type into L-lysine and D-lysine. L-lysine (acid lysine) held the dominant share in 2024 due to its greater production scale. Meanwhile, D-lysine is gradually gaining ground, especially in animal nutrition and pharmaceutical applications. Based on form, the market is split into dry and liquid variants. The dry form led the market in 2024, driven by higher production levels, while the liquid form is forecast to witness significant growth as manufacturers expand their capacities. In terms of application, animal feed was the primary segment in 2024 and is projected to maintain its lead. Food and dietary supplements, along with pharmaceutical uses, are experiencing rapid growth.

Lysine Market Regional Outlook

The report provides regional analysis covering North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

COMPETITIVE LANDSCAPE

Major players in the lysine market include Ajinomoto, ADM, Evonik, Shandong Golden Corn Co., Ltd., and others. The market features a semi-consolidated structure, with China serving as a key production hub. Companies are focusing on expanding production, advancing research in manufacturing technologies, and developing products suitable for a variety of industrial applications.

Notable Companies in the Lysine Market:

• ADM Animal Nutrition (U.S.)
• Evonik Industries (Germany)
• Shandong Golden Corn Co., Ltd. (China)
• CJ CheilJedang Corp. (South Korea)
• Juneng Golden Corn Co. Ltd. (China)
• Ajinomoto Co., Inc. (Japan)
• KYOWA HAKKO BIO CO., LTD. (Japan)
• COFCO Technology & Industry Co., Ltd. (China)
• Kemin Industries (U.S.)
• Shivam Pharma (India)

KEY INDUSTRY DEVELOPMENTS

July 2024:   French firm Avril Group acquired Metex Nøøvistago, which will operate under the management of Bpifrance starting in 2030. This acquisition is set to revive amino acid production and cater to the increasing demand for feed-grade amino acids in France and across the European Union.

The global   flower seeds market   was valued at USD 2.58 billion in 2024. It is expected to grow from USD 2.71 billion in 2025 to USD 3.96 billion by 2032, registering a CAGR of 5.56% during the forecast period. Europe held the largest share of the global flower seeds market in 2024, accounting for 57.75%.

A flower seed is a small, dry unit produced by flowering plants that contains an embryo and its nutrient supply. The market is highly dynamic worldwide, driven by factors such as rising disposable incomes, increasing adoption of organic and sustainable practices, the growing popularity of floriculture products, and improvements in seed technology. Market leaders are actively innovating by developing new seed varieties and launching home gardening collections to satisfy changing consumer preferences and market needs.

Information Source:  https://www.fortunebusinessinsights.com/flower-seed-market-103207

Segmentation:

Hybrid Segment Likely to Lead Market Owing to Grower-Preferred Characteristics

The market is divided by trait type into hybrid and open-pollinated categories. The hybrid segment is projected to dominate, owing to genetically improved traits like higher yields, disease resistance, and uniformity. These features cater to the commercial flower industry’s need for consistent quality and dependable production.

Protected Cultivation Segment to Dominate Due to Risk Management and Profitability

By application, the market is split into protected cultivation and open-field segments. The protected cultivation segment is expected to command the market share, as the use of protective structures shields crops from adverse weather, pests, and diseases, lowering risks and enabling more predictable harvests. This risk reduction factor is a major driver of growth.

Annual Segment to Capture Significant Market Share Due to Commercial Adaptability

By flower type, the market is categorized into biennial, perennial, and annual segments. The annual segment is forecasted to take a substantial share of the global market. Annual flowers offer growers commercial flexibility to adjust cultivation practices based on market trends, driving this segment’s expansion.

Geographically, the flower seeds market is segmented into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

This report delivers an in-depth analysis of the market, covering market size, data, regional and global shares, growth rates, competitive dynamics, mergers and acquisitions, regulatory changes, and key trends shaping the industry.

Drivers and Restraints:

New Seed Variety Development to Propel Market Expansion

Manufacturers focusing on creating visually attractive and sustainably grown flower varieties that align with consumer tastes are propelling the flower seeds market forward. Collaborative efforts, such as the July 2023 partnership in Bali province, have produced unique seed varieties like Marigold Bali Sudamala. These initiatives aid market growth by reducing import dependency and meeting demand for locally sourced seeds.

However, the high costs tied to complex research, specialized methods, and controlled pollination processes for hybrid flower seeds may discourage cost-sensitive buyers.

Regional Insights:

Europe to Retain Major Market Share Backed by Technological Progress and Regional Approaches

Europe’s flower seeds market was valued at USD 1.43 billion in 2023 and is expected to maintain a leading share. European producers are capitalizing on global trends, adopting advanced technologies, and customizing strategies to suit regional requirements. Strategic expansions, such as EconSeeds B.V.’s July 2021 move, align with market needs and support regional growth.

The Middle East & Africa region is witnessing rising demand due to increased awareness of aromatherapy and therapeutic benefits of aromatic flowers. This trend is opening new market opportunities, as seen with Saudi farmers focusing on jasmine cultivation in July 2023.

Competitive Landscape:

Leading Players Focus on Strategic Acquisitions to Boost Market Standing

In a notable move, Sakata Seed Corporation acquired ISLA Sementes, a Brazilian seed company, in October 2023. This acquisition aims to diversify Sakata’s flower seed offerings, tap into new customer segments, and drive demand within the flower seeds market.

Key Players Listed in the Report:

• Sakata Seed Corporation (Japan)
• Muller Bloemzaden BV (Netherlands)
• Garden Seeds Market (Poland)
• KIMCO SEEDS INC. (India)
• Urja Agriculture Company (India)
• EconSeeds BV. (Netherlands)
• Dutch Garden Seeds (Netherlands)
• The Seed Company (U.S.)
• Eden Brothers (U.S.)
• Syngenta AG (Switzerland)

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Key Industry Development:

March 2022:   Sakata Seed Corporation launched its global brand website, providing stakeholders worldwide with updated information on the company’s global operations.

The global   agritourism market   was valued at USD 69.24 billion in 2019 and is forecasted to reach USD 197.37 billion by 2032, exhibiting a CAGR of 8.88% over the forecast period, based on our analysis. In 2019, Europe dominated the market with a 47.07% share.

A significant factor driving growth in the agritourism industry is the increasing trend of farmers worldwide adopting entrepreneurship. Moreover, government initiatives designed to enhance revenue streams in both the agriculture and tourism sectors are accelerating market expansion. The rising consumer preference for affordable, nature-centric, and sustainable tourism experiences is a major market driver. Additionally, intensified efforts by governments, private entities, and associations to develop agritourism through various programs and projects are expected to further support market growth.

Information Source:   https://www.fortunebusinessinsights.com/agritourism-market-103297  

This Report Covers the Following Questions:

• What are the primary drivers and challenges facing this market?
• What opportunities and obstacles exist within the industry?
• Which segment is projected to lead in the future?
• Which region is expected to dominate in the upcoming years?
• What strategies are companies employing to promote agritourism?

Drivers & Restraints

Farmers Converting Properties into Agritourism Sites to Propel Growth

Tourism and recreational activities play a vital role in generating revenue for farms worldwide. Consequently, many farmers are swiftly transforming their land into agritourism venues, which acts as a key growth catalyst. According to the Census of Agriculture, revenues from agritourism on U.S. farms tripled between 2002 and 2017, reflecting rising investment in this sector. This movement continues to gain traction as farmers look for alternative income sources amid falling crop yields.

Impact of COVID-19 on the Global Market

The COVID-19 pandemic severely disrupted the tourism industry.
Lockdowns and travel restrictions imposed by numerous countries significantly impacted agritourism.
Market growth remains uncertain due to the dynamic situation.
Nonetheless, a recovery is anticipated as circumstances improve.

Segment Analysis

Direct-Market Agritourism Segment Poised to Benefit from Rising Farm Product Sales

In terms of type, the direct-market agritourism segment held 36.06% of the market share. This growth is fueled by increasing government funding focused on bolstering the agricultural economy and boosting sales of farm products. Visitors attracted to rural lifestyles show strong interest in purchasing authentic farm goods and services, which helps stimulate economic growth for farmers. In recent years, many farm owners have broadened their product ranges to include diverse fresh produce, further supporting segment expansion.

Regional Insights

Europe Expected to Lead Due to Distinctive Promotional Approaches

Europe generated revenues of USD 32.59 billion in 2019 and is forecasted to maintain its dominance in the agritourism market. This is largely driven by rising interest from both international and domestic tourists in on-farm agritourism experiences that are educational and recreational in nature. Furthermore, robust government backing, expansion of farm product varieties, and innovative promotional methods are anticipated to boost growth in this region.

Competitive Landscape

Leading Companies Emphasize Partnerships to Enhance Market Presence

The agritourism sector is highly fragmented, with many small, medium, and large-scale firms operating globally. Numerous organizations are partnering with local startups to broaden their reach and increase farmers’ earnings.

Notable Industry Developments:

• 2019: Field Farm Tours, a UK agricultural tour expert, conducted several major events including the Devon World Conference, IFMA Pre & Post Tours, World Charolais Congress, Red Poll World Conference, and the 4th World Guernsey Conference to strengthen revenue and market position.
• January 2017: Stayzilla, an Indian homestay network, collaborated with the Agri Tourism Development Company (ATDC) to promote agritourism homestays nationwide, expanding its rural tourism presence.

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Major Companies in the Global Agritourism Market:

• Liberty Hill Farm (United States)
• Harvest Travel International (United States)
• Farm to Farm International (New Zealand)
• STAR Destinations (United States)
• Stita Group (United Kingdom)
• Select Holidays (Canada)
• Agritours Canada Inc. (Canada)
• Kisima Safaris (Kenya)
• Field Farm Tours Limited (United Kingdom)
• Greenmount Travel (Australia)

The global   probiotics market   was valued at USD 48.88 billion in 2019 and is projected to grow to USD 94.48 billion by 2027, reflecting a compound annual growth rate (CAGR) of 7.9% during the forecast period. In 2019, North America led the probiotics market, holding a 16.98% share. In the U.S., the probiotics market is expected to expand significantly, with projections estimating it will reach USD 17.99 billion by 2032. This growth is being fueled by a rising preference for immune-enhancing and probiotic-enriched food items, known for their associated health benefits.

Consumer awareness surrounding preventive health care is increasing, alongside a growing inclination toward natural, safe, and health-promoting products. These factors are expected to drive demand in the market. Initiatives by various organizations to educate and encourage customers are also acting as catalysts for growth. For example, the Nutrition Society of Malaysia (NSM) launched the Probiotics Education Program (PEP) to better inform consumers about the health advantages of probiotic products.

Information Source:  https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083

What Does the Report Cover?

The report provides an in-depth evaluation of primary market drivers, limitations, opportunities, and challenges that are shaping the landscape over the forecast period. It includes detailed regional trend analyses that influence global expansion. This data is compiled through rigorous research techniques by a team of industry experts. Moreover, the competitive overview highlights major strategies, including product rollouts, partnerships, mergers, acquisitions, and collaborations, adopted by leading players to reinforce their presence between 2020 and 2027.

Key Growth Drivers

Rising Demand for Immune-Enhancing Products Drives Market Growth

As lifestyle-related health issues like obesity and diabetes become more prevalent, the demand for healthier dietary choices continues to rise. According to the World Health Organization (WHO), global obesity rates have nearly tripled since 1975. This health trend is fueling the popularity of probiotic products that support immune function. Additionally, advancements in technology are helping brands spread awareness about probiotic benefits, further boosting market momentum. These elements are anticipated to drive significant growth in the global probiotics industry over the coming years.

Market Segmentation

Supermarkets/Hypermarkets Accounted for 61.33% of Sales in 2019

In 2019, the supermarket and hypermarket segment represented 61.33% of the total market share. This dominance is attributed to the broad availability of probiotic goods in these retail formats, along with consumer-friendly features like convenience and promotional deals such as cashback and discounts.

Regional Analysis

Asia-Pacific to Lead Market Driven by Fermented Food and Beverage Consumption

The Asia-Pacific region is projected to remain at the forefront of the global probiotics market, driven by the increasing intake of fermented foods and beverages, which are known to support digestive health and nutrition balance.

Meanwhile, North America, which recorded a market value of USD 8.30 billion in 2019, is forecasted to witness robust growth throughout the forecast period. This upward trend is attributed to the rising occurrence of chronic health issues and the investments made by leading companies in innovative probiotic products between 2020 and 2027.

Competitive Landscape

Industry Leaders Prioritize Innovation to Gain Competitive Edge

The probiotics sector includes several major players actively working to improve their competitive positioning through product innovation. Companies are implementing strategies like joint ventures, acquisitions, partnerships, and the introduction of new products to widen distribution channels and accelerate global expansion.

List of Companies Profiled in the Market:

• Danone S.A. (Paris, France)
• Lallemand Inc. (Canada)
• Yakult Honsha (Japan)
• Nestlé S.A. (Vevey, Switzerland)
• DuPont (Danisco A/S) (Delaware, United States)
• Hansen (Horsholm, Denmark)
• Kerry Inc. (Tralee, Ireland)
• Post Holdings, Inc. (Missouri)
• Pepsico, Inc. (New York, United States)
• Evolve Biosystems, Inc. (Davis, California)

Tariff Impact Analysis for the Probiotics Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/probiotics-market-100083

Industry Developments

June 2020:   Pendulum Therapeutics launched   Pendulum Glucose Control , a novel medical probiotic that has been clinically shown to help reduce post-meal blood sugar spikes and lower A1C levels. This launch marks a breakthrough in the probiotic space and highlights innovation in addressing metabolic health.

The global   canned food market   was valued at USD 91.90 billion in 2019 and is expected to reach USD 111.13 billion by 2032, growing at a CAGR of 1.57% over the forecast period, according to our current analysis. In the United States, the canned food market is anticipated to grow substantially, with projections estimating it will reach USD 28.25 billion by 2032. This growth is fueled by rising consumer demand for convenient, shelf-stable food options and the availability of healthier, premium canned food products introduced by manufacturers. North America led the canned food market in 2019, holding a 39.1% share.

Market expansion is primarily driven by increased consumption of convenience packaged food and beverage products. These items are often processed through methods like peeling, chopping, or cooking, and sealed in airtight tins or aluminum cans. With the rise in working professionals and busier lifestyles, the consumption of convenient food products has surged, directly supporting market growth.

Information Source:   https://www.fortunebusinessinsights.com/canned-food-market-103258  

Rising Mergers and Acquisitions Fuel Market Expansion

The report highlights several factors contributing to market growth, notably the increase in mergers, acquisitions, and strategic partnerships among key players. Leading companies are joining forces to optimize their capabilities and extend market reach. For instance, in February 2020, B&G Foods finalized the acquisition of Farmwise LLC, a prominent canned vegetable brand. This acquisition is set to expand B&G Foods’ plant-based offerings and strengthen its international presence, positively influencing the canned food sector in the years ahead.

CANNED FOOD MARKET SEGMENTATION ANALYSIS

By Type Analysis

Canned seafood emerges as the dominant segment in the canned food market, largely due to its health benefits. Derived from marine sources like fish, crabs, and clams, canned seafood is a rich source of protein and essential nutrients. Restaurants and food service providers increasingly feature canned seafood to provide authentic flavor experiences. Evolving preferences among younger consumers are also driving interest in unique seafood options. Products like sushi, fish salads, and seafood sandwiches frequently include canned seafood, appreciated for its distinct taste. To meet this rising demand, manufacturers are scaling up production.

REGIONAL INSIGHTS

North America to Sustain Market Leadership Amid Shifting Lifestyles

The report evaluates trends across five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is anticipated to remain the market leader, with continued demand driven by fast-paced lifestyles and strong consumer preference for canned foods, particularly in the U.S. The extensive presence of retail giants and a growing inclination toward convenience food options are expected to support regional market expansion. North America was valued at USD 35.93 billion in 2019, with steady growth projected. Europe is expected to hold the second-largest share, bolstered by increasing canned food consumption among millennial consumers in various countries.

Key Players in the Market Include:

• The Kraft Heinz Company (United States)
• Bolton Group S.r.l. (Italy)
• Campbell Soup Company (United States)
• Conagra Brands, Inc. (United States)
• Nestlé (Switzerland)
• Danish Crown AmbA (Denmark)
• Del Monte Foods, Inc. (United States)
• JBS USA Holdings, Inc. (United States)
• Ayam Brand (Singapore)
• Holyland Marketing Private Limited (India)

Tariff Impact Analysis for Canned Food Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/canned-food-market-103258  

Recent Industry Developments:

April 2020:   Baxters Food Group Limited unveiled a new vegan canned soup collection, which includes three varieties: Jackfruit, Three Bean & Chipotle; Sri Lankan Sweet Potato; and Butternut Squash & Lentil Dhansak. This product launch aims to cater to the growing plant-based food market and diversify the company’s offerings.