Market Overview:

The global soybean oil market size was USD 51.23 billion in 2023 and is projected to grow from USD 52.86 billion in 2024 to USD 68.42 billion by 2032, exhibiting a CAGR of 3.28% during the forecast period. Asia Pacific dominated the Soybean Oil Market with a market share of 46.52% in 2023.

This information is published by  Fortune Business Insights , in its report, titled,  “Soybean Oil Market, 2024-2032.”

Our researchers found that the increasing use of soybean oil by food manufacturers and restaurants for making baked and fried foods, as well as for selling in bottles as cooking oil, is boosting the market. In the worldwide market for goods, soybean oil is unique because of its many uses, health benefits, and value. This oil, made from soybeans, has caught the attention of buyers, investors, and scientists because of its wide range of uses and potential for growth. Let's dive into the fascinating world of soybean oil and learn why it's a key subject in farming and finance.

List of Key Players Mentioned in the Report:

• Archer Daniels Midland Company (Illinois, U.S.)
• Associated British Foods, plc (London, U.K.)
• Bunge (Missouri, U.S.)
• Cargill, Inc. (Minnesota, U.S.)
• Louis Dreyfus Company (Rotterdam, Netherlands)
• Wilmar International Limited (Singapore)
• DuPont (Delaware, U.S.)
• Unilever plc (London, U.K.)
• AMAGGI Group (Cuiaba, Brazil)
• SunOpta, Inc. (Brampton, Canada)

Report Coverage:

Our reports are made carefully, focusing on being detailed and accurate. Our researchers check data carefully, helping us give trustworthy reviews and understand market changes well. We have many international and local records, making sure our information is up-to-date. This helps people in business and investors make smart choices.

Segmentation:

On the basis of application, the market is segregated into Cooking & Frying, Margarine & Shortening, Salad Dressings & Mayonnaise, Bakery Products, and Non-Food Applications.

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

The Rise of Soybean Oil

Soybean oil is a popular choice for cooking because it doesn't change the taste, can withstand high heat, and is good for the heart. Lately, more people are choosing it because they want healthier options and more plant-based foods. This has led to more soybean oil being made, used, and traded, making it an important part of the worldwide oils and fats market.

Source: https://www.fortunebusinessinsights.com/soybean-oil-market-106282

Market Dynamics and Trends

The soybean oil market is constantly changing due to things like the weather, government rules, what people like, and deals with other countries. Lately, more people want non-GMO and organic soybean oil because they care about their health and the environment. Also, more people are eating plant-based diets and using soybean oil in many different products, like fuel and makeup, which is helping the market grow and change.

Drivers and Restraints:

Extending Food Usage of Soybean Oil to Foster Market Growth

The oils and fats industry is growing worldwide, mainly because they're used more in making food. Soybean oil is the second most popular vegetable oil globally, used for frying, cooking, and making margarines. It's also becoming more popular in baking, helping the soybean oil market grow. But, the industry has some problems. There are other oilseeds that can be used instead, and people are starting to prefer healthier oils like olive oil, which is reducing soybean oil sales.

Regional Insights:

The soy oil market in Asia Pacific, especially in China and India, has grown rapidly due to increased buying power and affordability. Asia Pacific dominates the market in 2020. North America is also seeing growth, with the U.S. being the top consumer due to its fast-growing food processing industry. South America is growing as well, with Brazil and Argentina leading in production and export.

Competitive Landscape:

Acquisitions and Mergers to Assist Vital Players Foster in Market

Market leaders use smart plans with help from experts to dominate the market and build a strong brand. They often buy other companies to make more money.

Industry Developments:

• August 2021 –  ADM and Marathon Petrolium Corp announced a joint venture to produce soybean oil to fulfill its rising demand to produce renewable diesel fuel.

Report Overview

The global eggs market size was valued at USD 143.29 billion in 2023 and is projected to grow from USD 150.84 billion in 2024 to USD 222.86 billion by 2032, exhibiting a CAGR of 5.40% from 2024 to 2032.

The eggs market has been evolving and adapting to new PETA-friendly methods due to the rapidly changing consumer base. Different types of eggs in the market, including organic, cage-free, and free-range, are gaining prominence. The nutritional benefits associated with eggs have significantly increased their consumption rate globally, and is expected to drive market growth during the forecast period.

Fortune Business Insights presents this information in their report titled  “ Eggs Market, 2024-2032 .”

List of Key Players Present in the Report :

• Cal-Maine Foods, Inc. (U.S.)
• Rose Acre Farms Inc. (U.S.)
• Hillandale Farms (U.S.)
• Versova Holdings LLP (U.S.)
• Daybreak Foods (U.S.)
• CP Group (Thailand)
• Beijing Dequingyuan Agricultural Technology Co. Ltd. (China)
• Ise Inc. (Japan)
• Arab Company of Livestock Development (ACOUD) (Saudi Arabia)
• Gemperle Family Farms (U.S.)

Segments:

Conventional Eggs Maintain Market Leadership, Fueled by Production Efficiency and Widespread Availability

By product type, the market is segmented into conventional, cage-free, organic, and free-range. The conventional segment is projected to hold a significant market share during the forecast period. The growth is attributed to the high availability of conventional eggs due to their increased production rate.

Easy Accessibility and Hypermarket Convenience Propel Retail Segment's Share

The market is segmented into two main categories: food service and retail, which includes large supermarkets, hypermarkets, grocery shops, online retailers, and more. It is projected that the retail category will dominate the market throughout the forecast period, primarily because grocery stores are easily accessible. Additionally, the increasing convenience offered by large supermarkets and hypermarkets will contribute to the growth of this category.

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

Source: https://www.fortunebusinessinsights.com/eggs-market-108483

Report Coverage

The report highlights the main reasons behind market growth, the challenges it faces, opportunities for expansion, and potential obstacles. It provides an in-depth look at regional developments, lists major industry players, and explains their key strategies. It also covers the latest industry news, including new product launches, partnerships, and mergers and acquisitions.

Eggs Market Future Outlook

• Growing Demand: The global demand for eggs is expected to rise. This trend is driven by a growing population and increasing health consciousness among consumers.

• Sustainability Practices: More farms are adopting sustainable practices. This shift will likely appeal to eco-conscious buyers and could boost market growth.

• Innovative Products: The market is seeing an increase in innovative egg products. Examples include organic, free-range, and fortified eggs, catering to diverse consumer preferences.

• Technological Advancements: Advances in farming technology may improve production efficiency. This can lead to lower costs and potentially higher profit margins for producers.

Drivers & Restraints

Market Flourishes as Health Awareness Spurs Consumption and Government Backing Boosts Growth

Since the pandemic, egg consumption has increased across various demographic groups, driven by a heightened focus on health and nutritious diets. Government campaigns promoting the health benefits of eggs have also played a key role in fueling this market growth.

However, rising global temperatures caused by climate change are expected to negatively impact egg production worldwide, posing a potential challenge to the market's continued expansion.

Regional Insights

Asia Pacific Takes the Lead as China and India Steer Consumption and Production Trends

Asia Pacific holds the largest eggs market share and is anticipated to continue its dominance during the projected period. The growth in the region can be attributed to the high consumption rate of eggs in India, China, and Japan, with China and India being prominent egg producers.

North America is also estimated to hold a major share of the market due to increased egg consumption in North American countries, including Mexico and the U.S.

Market Trends and Insights

In recent years, the egg market has experienced several significant trends influencing consumer preferences and purchasing behavior. One prominent trend is the increasing demand for organic and free-range eggs, driven by consumers' growing concerns about sustainability and animal welfare. In response, many egg producers have broadened their offerings to include these products, catering to this expanding segment.

Another noteworthy development is the rise of specialty eggs, such as omega-3 enriched and pasteurized eggs. These options provide added health benefits and enhanced food safety, attracting consumers seeking premium-quality products. Additionally, innovations in packaging technology have improved convenience in accessing and storing eggs, further contributing to the market's growth.

Competitive Landscape

Increasing Technological Investments by Key Players to Propel Market Growth

Major companies in the market, such as Cal-Maine Foods, Hillandale Farms, and Rose Acre Farms, are heavily investing in new technologies to improve the production of organic eggs. These efforts are anticipated to drive market growth in the coming years.

KEY INDUSTRY DEVELOPMENTS:

June 2022:  ISE Food Inc., one of the leading egg producers in Japan, announced its expansion into the Indian market by launching its products in several retail channels in India. The launch aims to cater to the growing Indian egg market.

Market Overview:

The global cannabidiol (CBD) market size was USD 7.59 billion in 2023 and is projected to grow from USD 11.16 billion in 2024 to USD 202.45 billion in 2032 at a CAGR of 43.66% during the forecast period 2024-2032.

According to a report titled "Cannabidiol (CBD) Market, 2024-2032" by Fortune Business Insights, the CBD market was valued at USD 7.59 billion in 2023. The report highlights factors driving market growth, such as the increasing number of product approvals by the FDA and other regulatory bodies, as well as the rising demand for CBD among health and fitness enthusiasts. For example, a 2018 report by the Harvard Health Institute indicates that CBD is widely used to alleviate health issues like anxiety and insomnia.

List of the Companies Profiled in the Global Market:

• Medical Marijuana Inc. (California, U.S.)
• Cannoid, LLC (Colorado, U.S)
• Isodiol International Inc. (Vancouver, Canada)
• ENDOCA (Chicago, U.S.)
• Folium Biosciences (Texas, U.S.)
• Nuleaf Naturals Llc. (Colorado, U.S)
• Pharmahemp d.o.o (Slovenia, Europe)
• Elixinol Global (Sydney, Australia)
• CV Sciences (California, U.S.)
• Medterra CBD (California, U.S.)

Market Segmentation:

On the basis of source, the market is bifurcated into marijuana and hemp. Furthermore, based on application, the market is segregated into food & beverages, pharmaceuticals, pet care, cosmetics, and others. On the basis of application, the pharmaceuticals segment is expected to hold the largest global cannabidiol market share during the forecast period. This is owing to the constant focus on developing innovative medical products across the pharmaceutical industry worldwide. Lastly, based on region, the market is categorized into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

What does the Report Provide?

The global market report offers an in-depth analysis of various factors impacting growth, including key drivers and restraints. It provides regional insights, highlighting the contributions of different regions to market expansion. Additionally, the report examines the competitive landscape, detailing strategies of leading companies such as new product launches, partnerships, and collaborations that further stimulate market growth. The research methodology incorporates PORTER’s Five Forces Analysis and PESTEL analysis to identify current trends and industry developments anticipated to drive market growth from 2024 to 2032. Our thoroughly revised reports equip companies with comprehensive information about the current market scenario, enabling them to adopt effective strategies accordingly.

DRIVING FACTORS:

Increasing FDA Approvals for CBD Products to Promote Market Growth

Prominent market players are focusing on launching innovative and advanced products to meet the high consumer demand for CBD. The increasing use of CBD in the production of medicines and consumer products is creating lucrative market opportunities. Moreover, growing government approvals for various CBD products are expected to support market growth. Additionally, manufacturers' proactive efforts to incorporate CBD into a wide range of food products are anticipated to drive the growth of the global cannabidiol market during the forecast period.

Source: https://www.fortunebusinessinsights.com/cannabidiol-cbd-market-103215

REGIONAL INSIGHTS

North America –  The region stood at USD 7.59 billion in 2023 and is anticipated to hold the highest position in the market in the forthcoming years. This is attributable to the favourable government policies that enable the commercialization of cannabidiol products in countries such as the U.S. and Canada.

Europe –  The market in the region is anticipated to showcase exponential growth backed by the rising sales of CBD products such as vaping, smoking, and edibles in the region between 2024 and 2032.

Dynamic Growth in Global CBD Oil Market Driven by Medicinal Acceptance, Regulatory Changes, and Innovation Amidst Quality and Competition Challenges

The global cannabidiol (CBD) oil market is experiencing dynamic growth driven by several key factors. One of the primary drivers is the growing acceptance of the medicinal uses of CBD, as more people recognize its potential health benefits, such as managing anxiety and pain, leading consumers to increasingly seek natural remedies. Additionally, changes in laws and regulations around CBD are significantly boosting market growth. As more regions legalize and regulate CBD products, businesses find new opportunities to invest and operate, demonstrating how policy changes are driving the market's expansion. Opportunities for further growth include the potential for CBD products to enter mainstream retail, making them more accessible to a wider audience. This move could enhance the market's reach and popularity. Furthermore, ongoing innovation and product diversification, such as developing new formulations and methods of use, present exciting opportunities for market expansion by meeting changing consumer preferences. However, the market faces several challenges. Ensuring high-quality control and accurate labeling is crucial, as poorly labeled or low-quality products can erode consumer trust and harm the market. Additionally, increasing competition among CBD manufacturers and retailers is making it difficult for new companies to establish themselves and gain market share. To succeed in this crowded market, companies need to differentiate themselves and adopt strategic positioning.

COMPETITIVE LANDSCAPE

Major Companies Focus on Partnerships to Brighten Their Market Prospects

The global CBD market is highly competitive, with leading companies partnering with others to expand taheir product offerings and increase sales. Major companies are also working to stay relevant by merging with or acquiring other businesses, expanding their facilities, and collaborating. These strategies are expected to help the market grow in the coming years.

Industry Development:

• February 2024 -   Jublee CBD, a global company that produces personal care products, introduced several CBD skincare lines, including body butters and bath salts.

Market Overview

The global cloud kitchen market size was USD 64.47 billion in 2023. The market is set to rise from USD 70.18 billion in 2024 to USD 144.71 billion by 2032 at a CAGR of 9.47% during 2024-2032.

Cloud kitchens, also known as virtual restaurants, are created to supply food through delivery. The rapid expansion of the e-commerce industry and rising adoption of online food delivery services by Generation Z and the millennial population due to their convenience are propelling market expansion.

List of Key Players Profiled in the Market Report

• Rebel Foods (India)
• Kitopi (UAE)
• CloudKitchens (U.S.)
• Ghost Kitchens Private Limited (India)
• Luckin Coffee (Sgp) Pte. Ltd. (Singapore)
• EatClub Brands Pvt. Ltd. (India)
• Loyal Hospitality Pvt Ltd (India)
• Nathan's Famous, Inc. (U.S.)
• Dine Brands Global, Inc. (U.S.)
• Dickey's Barbecue Restaurants, Inc. (U.S.)

Segments

Standalone Segment Dominates the Market Due to Rise in New Kitchen Operators

By nature, the market is bifurcated into franchised and standalone. The standalone segment accounts for the highest cloud kitchen market share owing to a surge in new kitchen operators in the cloud kitchen industry. Increased business owners’ interest in this new sector is also fueling segment expansion.

Multi-Kitchen Segment Leads the Market due to Surging Preference for Specialized Food Products

On the basis of kitchen type, the market is divided into single and multi-kitchen. The multi-kitchen segment commands the market due to a surging preference for specialized food products and cuisines globally. In the multi-kitchen business model, food is prepared for numerous brands in one kitchen hub and offered to consumers as per their requirements.

From the regional ground, the market is classified into Europe, South America, North America, Asia Pacific, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/cloud-kitchen-market-110628

Report Coverage
The market research report presents a complete market examination, highlighting essential elements, including the competitive environment and noticeable product categories. Furthermore, the report provides valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes several aspects that have fostered market expansion in recent times.

Drivers and Restraints

Changing Consumer Trends and Food Choices Due to Globalization to Propel Market Growth

Increased globalization and rapid growth of the food service industry have changed food preferences among individuals. The widespread development tactics applied by top food service market players, including Taco Bell, McDonald's, Domino's, and Pizza Hut, have boosted the consumption of Western cuisine. An increase in online delivery orders is attributed to the growing number of dual-income families and a hectic schedule. Therefore, changing consumer trends and food choices due to globalization, hectic routines, and increasing dual-income households have led to several restaurants heading toward cloud kitchen operations. This is fostering the cloud kitchen market growth.

Nevertheless, the rapid expansion of the Quick Service Restaurants (QSR) industry is impeding market growth.

Regional Insights

Rising Demand for Western Cuisines Augments Market Growth in Asia Pacific

Asia Pacific takes center stage in the global market due to increasing disposable income in India, China, and Japan. Hectic schedules and rising demand for Western cuisines are driving market expansion in the region.

Market growth in North America is attributed to its vibrant lifestyle and increased junk food consumption rate. Rising demand for burgers and sandwiches in the U.S. and surging adoption of online food delivery services are driving market growth in the region.

Competitive Landscape

Key Players Focus on Collaborations and Mergers & Acquisitions to Enhance Their Market Positions

With cloud kitchen operators and companies, the market is extremely competitive. They focus on several expansion tactics, technological innovations, partnerships, collaborations, and mergers & acquisitions to enhance their market positions.

Key Industry Development

• January 2024:  One of the top FMCG players, ITC, declared that it has planned to expand its all-new cloud kitchen business across four metro regions in India, such as Chennai, Mumbai, Delhi, and Kolkata. The choice to further boost its business is due to the great success registered in Bangalore post-inauguration.

Market Overview:

The global nitrogenous fertilizer market size was valued at USD 113.70 billion in 2018 and is projected to reach USD 148.57 billion by 2032, exhibiting a CAGR of 1.90% during the forecast period based on our analysis in the existing report. The massive investments in R&D products with active ingredients will aid the growth of the market. According to a report published by Fortune Business Insights, titled "  Nitrogenous Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2019–2032 ,”.

Nitrogenous fertilizers are products that are produced through a combination of substances that are inclusive of nitrogen. The constantly rising global population has created a subsequent demand for crop produce across the world. Recent advances in agricultural activities will emerge in favor of the companies operating in the market. The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe. The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop produce will lead to wider adoption of the product across the world.

Some of the companies that are operating in the market include:

• Yara International ASA
• Nutrien Ltd.
• EuroChem Group AG.
• CF Industries Holdings Inc.
• PJSC Togliattiazot
• Koch Fertilizers, LLC
• OCI Nitrogen
• Sinofert Holdings Limited
• Coromandel International Ltd.
• URALCHEM Holding Plc.

Nitrogenous Fertilizer Market Key Drivers:

• Rising Global Population: Increasing population boosts food demand, driving the need for higher crop yields and fertilizers.
• Agricultural Intensification: Growing focus on maximizing land productivity leads to higher nitrogen fertilizer usage, especially in developing countries.
• Government Support: Subsidies and initiatives promoting fertilizer usage to enhance food security spur market growth.
• Technological Advancements: Innovations in farming practices like precision agriculture improve nitrogen efficiency, driving fertilizer adoption.
• Soil Nutrient Depletion: Continuous farming depletes soil nutrients, particularly nitrogen, increasing the demand for fertilizers to maintain crop productivity.
• Urbanization: Expanding urban areas reduce arable land, pushing farmers to intensify crop production, further increasing fertilizer use.

Source: https://www.fortunebusinessinsights.com/nitrogenous-fertilizers-market-102532

Increasing Number of Company Collaborations Will Aid Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of company mergers and acquisitions has had a massive impact on the growth of the market. Accounting to the massive demand for crop and crop produce across the world, large scale companies are looking to acquire smaller companies with a bid to establishing a stronghold in the market. In November 2019, Nutrien Ltd. announced that it has completed the acquisition of Ruralco Holdings Ltd. Through this acquisition, the company plans to build on its existing range of nitrogenous fertilizer products. Due to the massive global customer reach of the company, this acquisition will not just help the company growth, but will also have a massive impact on the growth of the market in the coming years.

Asia Pacific Holds the Highest market Share; Growing Demand for Crop Produce Will Aid Growth

The report analyses the ongoing nitrogenous fertilizers market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific holds the highest market share, driven by the huge demand for crop produce in several countries across this region. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years. As of 2018, the market in North America was worth USD 21.18 billion and this value is projected to increase further in the coming years.

Regional Analysis:

• North America: The U.S. leads in production and usage due to advanced farming, while environmental regulations pose challenges.
• Europe: Growth is steady, driven by precision farming in countries like France and Germany, but stringent regulations limit usage.
• Asia-Pacific: China and India dominate, fueled by large agricultural bases and food security demands. Overuse and soil degradation are concerns.
• Latin America: Brazil is a key market, driven by modern farming in soy and sugarcane production, but infrastructure challenges persist.
• Middle East & Africa: Growing agricultural activity drives demand, with government support, though economic instability and water scarcity limit growth.

Industry Developments:

• In April 2021,  Koch Fertilizer, LLC., one of the world’s major manufacturers and marketers of fertilizers, launch an initiative to drive transformation with autonomous drones at Koch Fertilizer’s largest production facility.

Market Overview

The global alginate casing market size was valued at USD 21.06 million in 2023. The market is projected to grow from USD 22.84 million in 2024 to USD 56.81 million by 2032, exhibiting a CAGR of 12.07% during the forecast period.

A natural anionic polymer extracted from brown algae is called alginate and is available as calcium, sodium, potassium, or ammonium salts. The alginate casing market is propelling due to the increasing interest in trying plant-based sausages, which further raised the seaweed-based casing popularity.

List of Key Players Present in the Report :

• ViskoTeepak (Finland)
• D2 INGREDIENTS, LP (U.S.)
• FMC Corporation (U.S.)
• Ruitenberg Ingredients B.V. (Netherlands)
• PROMAR PPH Sp. z o.o. (Poland)
• Viscofan, S.A. (Spain)
• Vaessen Schoemaker B.V. (Netherlands)
• Algaia (France)
• J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany)
• SoleChem S.R.L. (Italy)
• Albert Handtmann Holding GmbH & Co. KG (Germany)

Segments

High Availability of Soy-based Sausages to Augment Vegan Segment Growth

Based on application, the market is segmented into meat and vegan. The vegan segment accounts for the largest alginate casing market share and is leading the market. The growth is attributed to the high availability of soy-based sausages in the market, which makes them a popular choice for consumers.

Increasing Unflavored Versions of Alginate Casings to Augment Segment Expansion

By product type, the market is bifurcated into unflavored and flavored. The unflavored segment is leading in terms of market share due to the increasing availability of unflavored versions of alginate casings by key players in the market.

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

Source: https://www.fortunebusinessinsights.com/alginate-casing-market-110027

Report Coverage

The report provides major growth drivers, restraining factors, opportunities, and potential challenges for the market. It offers comprehensive insights into regional developments, a list of major industry players, key strategies adopted by market players to boost market share and the latest industry developments, including product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Surging Demand for Prepared Foods to Drive Market Growth

The increasing demand for prepared foods, owing to the fast urbanization and income growth, further increasing the consumer desire for ready-to-sell and packaged foods globally, driving the alginate casing market growth. The rising demand for sausages, which is further raising the demand for alginate casing from the industry, also boosts the market expansion.

Although, the alternatives for meat are considered costly in countries, including Philippines, Indonesia, India, Malaysia, Brazil, Mexico, Peru, Argentina, and Chile, hindering market growth.

Regional Insights

High Demand for Sausages to Fuel Market Growth in Europe

In terms of market value, Europe is dominating the market. The high demand for sausages as they are a major part of the daily diet of European consumers, drives market growth in Europe.

Asia Pacific is expected to witness the fastest growth during the forecast period due to the increasing population in nations, such as India, Bangladesh, China, and others.

Competitive Landscape

Major Market Players are Adopting Different Strategies to Maintain Competitive Edge

The alginate casing market comprises major market players, which are adopting strategies, such as mergers, acquisitions, and partnerships, to maintain a competitive edge and further drive market expansion. 

Key Industry Development

March 2023 –  A German manufacturer of functional plant-based ingredients, JRS Group, acquired Algaia SA, a producer of seaweed extracts and hydrocolloids based in France. The acquisition will enable JRS Group to deliver innovative seaweed-based solutions to its global customers and utilize sources of fresh seaweed in Brittany.

Market Overview:

The global cannabis beverages market size was USD 2.04 billion in 2023 and is projected to grow from USD 3.09 billion in 2024 to USD 117.05 billion by 2032, at a CAGR of 57.50% during 2024-2032.

This information is provided by our researchers at  Fortune Business Insights , in the report, titled,  “Cannabis Beverages Market, 2024-2032.”

According to our expert analysts, the market is projected to attain traction from the rising penetration of cannabis in the unexploited consumer markets, such as Thailand and Australia, among others. Additionally, the surging consumers’ predisposition towards experimenting with novel and groundbreaking food and beverages has also improved the market performance.

List of Key Players Mentioned in the Market Report:

• Aurora Cannabis Inc. (Edmonton, Canada)
• Aphria Inc. (Leamington, Canada)
• Canopy Growth Corporation (Canada)
• MedReleaf Corp. (Edmonton, Canada)
• Cronos Group Inc. (Toronto, Canada)
• GW Pharmaceuticals, plc. (Cambridge, U.K.)
• CannTrust Holdings Inc. (Vaughan, Canada)
• VIVO Cannabis Inc. (Ontario, Canada)
• Tilray (Nanaimo, Canada)
• OrganiGram Holdings (Moncton, Canada)

Report Coverage:

The report presents a holistic study of the market along with current trends and upcoming estimations to institute approximate investment gains. An in-depth analysis of any forthcoming prospects, threats, competitions or driving factors are also declared in the report. Furthermore, methodical regional analysis of the market is offered.

Moreover, COVID-19 impacts have been added to the report to help investors and business owners to comprehend the jeopardies better. The top-tiered players in the market are recognized, and their tactics to reinforce the market growth are shared in the report.

Source: https://www.fortunebusinessinsights.com/industry-reports/cannabis-beverages-market-100738

Segmentation:

By type, the market is divided into:

• Alcoholic
• Non-alcoholic

Based on distribution channel, the market is segregated into:

• Mass Merchandisers
• Specialty Stores
• Online Retail
• Others

On the basis of geography, the global market is separated into:

• North America
• Europe
• Rest of the World

Drivers and Restraints:

Transformation of Beverages Sector to Create New Growth Opportunities

Cannabis consumers are no longer restricted to smoking flowers with joints, bongs, or pipes but have an option from a surging assortment of products, involving concentrated as well as infused products. The beverages industry in itself is experiencing an indispensable change in terms of all the ingredients and additives.

Consumers, particularly in the advanced markets of North America and Europe are persistently forming the category amidst organic and chemicals-free, and with detectible and herbal formulations trends and developments. This is anticipated to bolster the cannabis beverages market growth during the upcoming period.

Regional Insights:

North America is at the front position of the cannabis-infused beverages sector and holds the maximum cannabis beverages market share. This region registered for USD 527.83 million in 2020. The sector was commanded by the U.S. where the functional beverage market is unveiling a sudden growth graph.

Cannabis-based beverages have exhibited comparatively lower growth in the developing regions such as Asia, Oceania, and Latin America owing to the ban of THC products in the market.

Competitive Landscape:

Radical Product Presentation by Vital Players Set to Navigate Market Growth

The prominent players in the market apply abundant tactics to fortify their position in the market as leading companies. One such considerable tactic is acquiring companies to boost the brand value among users. Another essential strategy is intermittently launching pioneering products with thorough review of the market and its target audience.

For example, in April 2021, Molecule Holdings Inc., inaugurated Molecule Crafted, which is a cannabis-infused craft beverage assortment in Canada. These cannabis beverages are low in calories and accessible in various exotic as well as bold flavors.

Industry Developments:

August 2023 -   Tilray Brands, Inc., a global cannabis product company, acquired  Truss Beverage Co.™ (Truss) from Molson Coors Canada. This acquisition would allow the company to expand its market presence.

Market Overview:

The global sugar substitutes market size was valued at USD 8.36 billion in 2023 and is projected to grow from USD 8.89 billion in 2024 to USD 16.31 billion by 2032, exhibiting a CAGR of 7.88% during the forecast period.

This information is provided by  Fortune Business Insights , in its report titled, “ Sugar Substitutes Market, 2024-2032 .”

List of Key Players Mentioned in the Report:

• Cargill Incorporated (U.S.)
• Tale & Lyle (U.K.)
• ADM (U.S.)
• Ingredion Incorporated (U.S.)
• Roquette Freres (France)
• Real Stevia Company (Sweden)
• Pyure Brands LLC (U.S.)
• JK Sucralose Inc. (China)
• DuPont (U.S.)
• Ajinomoto Co. Inc.(Japan)

Segments:

Expansive Application in Food & Beverage to Encourage Growth of the Saccharin Segment

On the basis of type, the market is segmented into aspartame, ace. k, saccharin, sucralose, stevia, sugar alcohols, and others. The utilization of saccharin is particularly noteworthy for people whose diets necessitate calorie or carbohydrate constraint to people with obesity and diabetes.

Food & Beverage Segment to Grow Rapidly Owing to Consumer Inclinations for Low-Calorie Choices

Sugar substitutes are presently utilized in beverages such as carbonated diet drinks, flavored waters, and other beverages. Major players in the beverage industry favor ingredients such as saccharin and sucralose. Expanding consumer base for beverages provides incentives for developing new sugar alternatives and products, thereby driving the food & beverage segment growth.

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

Source: https://www.fortunebusinessinsights.com/industry-reports/sugar-substitutes-market-100261

Report Coverage:

The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy.

Drivers and Restraints:

Adverse Health Effects Owing to Over Usage of Sugar Drives Market Growth

Speedy industrialization throughout the globe has resulted in an upsurge in urbanization in recent years. People are living a more deskbound lifestyle with increased amount of time expended in the office and absence of exercise. Therefore, an unevenness in food intake is forming energy imbalance in their bodies. The amount of calorie consumption surpasses the quantity of calories that are exhausted by the body. Ingestion of calorie-rich food products resulted in fat build-up in the body and obesity. Whereas, obesity is accountable for producing numerous health concerns such as cardiovascular disease, type 2 diabetes, high blood pressure, and cancer. Therefore, users are expansively demanding low-calorie sweeteners for food and beverages.

Regional Insights:

North America to Lead Stoked by Rising Low-Calorie Food Consumption

North America is among the prime consumers of sugar substitute products across the globe. Another major navigating factor is the surging requirement to raise awareness of low-calorie food consumption in the region. Admiration of healthy foods and beverages among the North American population is the prime aspect predicted to hold the largest sugar substitutes market share.

In Asia Pacific, industrialization has resulted in an upsurge in disposable income between the middle-class population in the region. This has amplified the demand for health-refining products, comprising high-quality and nourishing food products.

In Europe, diverse sugar substitutes, such as stevia, sucralose, sugar alcohols, and similar products, are trending highly among consumers. This has resulted in sugar substitute producers to discover the probability of creating inventive, tastier, high-quality, and nutritious sugar substitute products for the developing market.

Competitive Landscape:

Acquisitions Initiated by Key Companies to Promote Market Growth

The leading players in the market constantly opt for efficient strategies to bolster their brand value as well as promote the global sugar substitutes market growth. One such efficient strategy is acquiring competitive companies and further securing a profit for both the companies.

Key Industry Development:

July 2023:  Tate & Lyle PLC launched a new addition to its sweetener portfolio named TASTEVA SOL stevia sweetener. The new ingredient is premium-tasting stevia, which has 200x the solubility of Reb M and D products.

Market Overview

The global pet food market size was valued at USD 120.87 billion in 2023 and is projected to grow from USD 126.66 billion in 2024 to USD 193.65 billion by 2032 , exhibiting a CAGR of 5.45% during the forecast period. North America dominated the Pet Food Market with a market share of 42.55% in 2023.

Fortune Business Insights™  has deep-dived into these insights in its latest research report, titled, “ Pet Food Market ,  2024-2032 .”

The analysis shows that top companies are investing more in pet foods because more people are owning pets. For example, Mars Petcare said that the sales of cat and dog treats increased by 6.5% from February to May 2020. This trend indicates a strong demand for pet food worldwide.

Major Players Profiled in the Market Report:

• Mars Incorporated (Virginia, U.S.)
• Nestle S.A. (Vevey, Switzerland)
• The J.M. Smucker Company (Ohio, U.S.)
• Colgate-Palmolive Company (New York, U.S.)
• General Mills, Inc. (Minnesota, U.S.)
• Diamond Pet Foods (Missouri, U.S.)
• Heristo AG (Osnabruck, Germany)
• Tiernahrung Deuerer GmbH (Bretten, Germany)
• Merrick Pet Care, Inc. (Texas, U.S.)
• WellPet LLC (Massachusetts, U.S.)

Source: https://www.fortunebusinessinsights.com/industry-reports/pet-food-market-100554

Segments

Increasing Launch of Dog Treats to Propel Dog Segment Growth

Based on animal type, the market is divided into dogs, cats, and others. The dog segment holds the largest market share and dominates the market owing to the growing introductions of dog treats and nutrition-rich pet food globally.

High Convenience and Shelf-life to Drive Dry Pet Food Segment Expansion

By form, the market is categorized into dry, wet, and snacks & treats. The dry pet food segment is leading the market as there is a high demand for dry food due to its high convenience and shelf-life compared with wet food.

Supermarket/Hypermarket to Dominate the Market Due to their High Preference among Consumers

Based on distribution channel, the market is segmented into supermarket/hypermarket, specialty stores, online channel, and others. The supermarket/hypermarket segment holds the largest market share owing to their high preference among consumers as these markets offer convenience in terms of choices for prices and brands.

Animal Segment’s Leading Growth Owed to its Increased Popularity

Based on source, the market is split into animal and plant. The animal source segment leads market growth owing to its increased popularity and high consumption of animals to produce dog and cat food products. These food products are widely available due to their high popularity.

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

Report Coverage

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Growing Pet Humanization to Propel Market Growth

The rapid growth in pet humanization has raised the demand for premium pet food among people as they are more inclined to spend on high-quality and healthy food products for their pets, boosting the pet food market growth. Pet humanization is rising globally due to the increased pet ownership of millennials.

However, the increasing competitiveness between the products driving the rising market competitiveness and lower premium or high-priced food across the developing markets may hamper market growth.

Regional Insights

Large Adoption of Pet Humanization in the U.S. Propels Market Growth in North America

North America holds the dominant pet food market share and is projected to experience growth during the forecast period. The region’s growth is attributed to the wide adoption of pet humanization, further encouraging the development of natural and nutritious pet foods produced for pet animals.

Asia Pacific is one of the fastest-growing regions in the market. The growth is attributed to the rapid increase in pet ownership in developing nations, including South Korea, China, India, Japan, and others.

Pet Food Market Future Growth:

The pet food market is poised for strong growth, driven by increasing pet ownership, humanization of pets, and demand for premium, health-focused products. Consumers are seeking pet food with high-quality, natural ingredients, including organic, grain-free, and functional additives that support wellness. Trends in pet health awareness and specialized diets—such as raw, freeze-dried, and fresh pet foods—are also propelling the market. E-commerce growth, coupled with the expansion of pet ownership in emerging markets, further boosts the sector. North America and Europe lead in premium offerings, while Asia-Pacific sees rising demand due to increasing pet adoption and urbanization.

Competitive Landscape

Growing Adoption of Mergers and Acquisitions Strategies to Propel Market Growth

The market comprises key players, such as Colgate-Palmolive, Nestle Purina Petcare, and others. The growing adoption of strategies by these major market players, including brand strengthening, innovative product launches, online distribution of products, and mergers and acquisitions, drives market growth.

Key Industry Development

November 2023 – A well-known Czech pet food producer, Vafo Group, announced the introduction of its new brand, Planet Pet Society. With Planet Pet Society, the company seeks to expand its operations in the sustainable dog and cat food market.

Market Size:

The global non-alcoholic beverages market size is anticipated to rise significantly on account of the current trend of health and fitness and the rising inclination towards healthy beverages. As per a recent published report by Fortune Business Insights titled,  “Non-alcoholic Beverages Market Size, Share & Industry Analysis, By Type (Carbonated Soft Drinks, RTD Coffee & Tea, Bottled Water, and Fruit Beverages), Distribution Channel (Supermarket/ Hypermarket, Food Services Sector, Convenience Stores, Specialty Stores, and Online Retails), and Regional Forecast, 2020-2032,” 

The global non-alcoholic beverages market size was valued at USD 919.13 billion in 2019 and is projected to reach USD 1601.87 billion by 2032, exhibiting a CAGR of 6.84% during the forecast period based on our analysis in the existing report.

List of Companies Profiled in the Report:  

• Pepper Snapple Group, Inc. (Texas, U.S.)
• Monster Beverage Corp (California, U.S.)
• PepsiCo, Inc. (New York, U.S.)
• ITO EN Ltd (Tokyo, Japan)
• The Coca-Cola Company (Georgia, U.S.)
• Reed’s, Inc. (Norwalk, U.S.)
• The Kraft Heinz Company (Chicago, U.S.)
• Appalachian Brewing Co. (Harrisburg, U.S.)
• Nestle S.A. (Vevey, Switzerland)
• Arca Continental SAB de CV (Monterrey, Mexico)    

The Report is based on the following factors:

• A 360-degree overview of the market focusing on drivers, restraints, challenges, and upcoming opportunities
• Nature of market and list of key players operating in the market for non-alcoholic beverages
• Detailed list of segmentation with names and figures of leading segments
• Future of the market

Source: https://www.fortunebusinessinsights.com/industry-reports/non-alcoholic-beverages-market-101927

Drivers & Restraints-

Increasing Popularity of Refreshment Drinks to Aid in Favor

The growing prevalence of both acute and chronic diseases has driven people to adopt healthier lifestyles, which include regular exercise and the consumption of nutritious foods and beverages. This shift towards healthier living and dietary habits is a major factor fueling the growth of the global non-alcoholic beverages market. Additionally, the rising popularity of refreshment drinks, along with the introduction of innovative flavors and tastes, is expected to further boost market expansion during the forecast period.

However, the market may face challenges due to fluctuating prices of raw materials used in non-alcoholic beverages, particularly seasonal fruits, and potential supply shortages. Despite these obstacles, the growth of e-commerce platforms and increased production of soft drinks to meet consumer demand are likely to create lucrative opportunities for the market in the coming years.

Segmentation-

Carbonated Soft Drinks Segment Emerged Dominant Owing to its Refreshing Properties

Among all segments in type, the carbonated soft drinks segment earned 39.80% share in 2019 and emerged dominant. This segment is holding the largest non-alcoholic beverages market share on account of its refreshing properties and cost-efficiency.

Regional Analysis-

Asia Pacific Held Largest Shares Attributing to Rising Disposable Income of People

Among all regions, Asia Pacific held the largest non-alcoholic beverages market share in 2019. This is attributable to the increasing modernization and adoption of western habits among people that resulted in rise in expenditure on beverage products. On the other side, the North American market earned USD 199.53 billion and will showcase significant growth in the coming years on account of rising demand for sports drinks and RTD beverages in the region. Besides this, the Europe market will witness a notable growth on account of the decline in consumption of alcoholic beverages and increasing popularity of ‘better-for-you” products, thereby promoting the consumption of healthy soft drinks.

Non-Alcoholic Beverages Market Future Outlook* Growing Health Consciousness: More consumers are focusing on health and wellness. This trend is driving demand for low-calorie and sugar-free options.

• Diverse Product Range: The market is expanding with innovative flavors and formulations. Brands are introducing everything from sparkling waters to herbal teas to meet diverse tastes.

• Sustainability Focus: Eco-friendly packaging is becoming a priority. Many brands are adopting sustainable practices to appeal to environmentally conscious consumers.

Competitive Landscape-

Coca-Cola Company is Dominating Market Attributing to Continuous Innovations

The global non-alcoholic beverages market is highly consolidated, with a few key players, such as Nestlé S.A., The Coca-Cola Company, and PepsiCo Inc., holding a significant share. The Coca-Cola Company leads the market through its ongoing innovations in beverage products, including its VitaminWater line, probiotic drinks, fermented beverages, and ready-to-drink (RTD) options. For instance, in March 2019, Coca-Cola launched a Jaljeera-flavored drink in the Indian market. Other companies are also heavily investing in innovative product launches to gain a competitive advantage. Additionally, many are pursuing collaborative strategies, including agreements, contracts, joint ventures, and partnerships, to drive substantial revenue growth in the coming years.

Industry Developments:

December 2019 –  The launch of a greenhouse accelerator program in 2020 was announced in North America by PepsiCo Co. to help smart startup companies provide the base for following up with the current trends in the non-alcoholic beverage segment and earn a position in the market competition.