Market Size:

The global savory ingredients market size was valued at USD 7.25 billion in 2018 and is projected to reach USD 19.12 billion by the end of 2032, exhibiting a CAGR of 7.34% in the forecast period based on our analysis in the existing report.

The rising uptake for savory ingredients has resulted from the high demand for variety in flavors in food products across the world. There are several ongoing research studies, vested in research and development of savory ingredients manufactured in accordance with the regulatory compliances. Leading companies are increasing R&D activities for the development of ingredients according to taste and flavor preferences based on regional demographics. Fortune Business Insights states that the demand for savory ingredients is inclined towards Japan and China, with Japanese cuisines holding a massive potential for savory ingredients. Additionally, the advancements in ingredient solubility methods such as encapsulation and powdered form will contribute to the increasing demand for savory ingredients. The increasing demand will favor the growth of the global savory ingredients market in the forthcoming years.

Symrise’s Launch of Clean Labelled Culinary Base Products Will Enable Market Growth

The demand for clean labelled products has resulted from increasing health awareness across the world. In the wake of an outcry for clean-labelled products, many companies are adapting to this strategy. This factor will help the company acquire a strong consumer base, which in turn will favor growth of the global savory ingredients market. In 2018, Symrise Flavor N.A. introduced an extensive line of culinary base ingredients with clean-labelled packaging. The company stated that its latest collection includes a wide range of vegetables and spices, thereby pertaining to a widespread audience. Fortune Business Insights states that the launch of products within the clean-label regulatory framework will aid the growth of the global savory ingredients market.

Sourece: https://www.fortunebusinessinsights.com/industry-reports/savory-ingredients-market-100256

KEY COMPANIES COVERED IN THE REPORT

• Ajinomoto Co., Inc.
• Koninklijke DSM N.V.
• Kerry Group PLC
• Tate & Lyle PLC
• Symrise AG
• Givaudan SA
• Sensient Technologies Corporation
• Savoury Systems International LLC
• Ingredients Ltd.
• Synergy Flavors

Kerry Group’s Dual Acquisition Will Boost the Global Market

The demand for savory ingredients has risen significantly in recent years due to changing lifestyle dietary habits. The savory ingredients are being used for the manufacture of healthy foods as well as vegan-based diets, to enhance overall taste of the food products. Resulting from the soaring demand, companies are engaged in attractive business strategies and are conducting mergers and acquisitions, company collaborations, and agreements. In December 2018, Kerry Group announced that it plans to acquire two renowned food companies for a combined total of over US$ 300 Mn. Kerry Group’s plans to acquire Ariake Japan Co. and Southeastern Mills (SEM), with an aim of expanding its clean-label product distribution to several countries across the world. The report identifies a few of the leading company mergers and acquisitions that have accounted for growth of the global savory ingredients market. Besides mergers and acquisitions, the report includes several factors that have made growth contributions to the global market.

Fortune Business Insights has labelled some of the leading companies that have made a positive impact on the global savory ingredients market. Some of the companies that have made significant growth contributions to the global market are Ajinomoto Co., Inc., Koninklijke DSM N.V., Kerry Group PLC, Tate & Lyle PLC, Symrise AG, Givaudan SA, Sensient Technologies Corporation, Savoury Systems International LLC, C.P. Ingredients Ltd., and Synergy Flavors.

Key Industry Development:

• In January 2018, Symrise AG introduced clean-label culinary bases in response to the growing consumer demand for products with cleaner labels.
• In December 2018, Kerry Group enhanced its food service capabilities by acquiring Ariake U.S.A., Inc., a company specializing in the production of natural seasonings, including natural clean label savory taste solutions.

Market Overview:

The global breakfast cereal market size was valued at USD 36.38 billion in 2023. The market is expected to expand from USD 38.12 billion in 2024 to USD 58.35 billion by 2032, exhibiting a CAGR of 5.47% over the study period.

Breakfast cereals refer to processed food products that usually feature grains, including oats, wheat, barley, and others. Western diets are growingly being adopted and consumers are exploring new products and processed foods in various flavors. The surging popularity of processed foods in emerging economies is proliferating the market’s growth.

List of Key Players Mentioned in the Report:

• Kellogg’s Company (U.S.)
• Nestle S.A. (Switzerland)
• Post Holdings (U.S.)
• General Mills, Inc. (U.S.)
• Ltd. (U.S.)
• Marico Limited (India)
• Bagrrys India Limited (India)
• B & G foods (U.S.)
• Sanitarium Health Food Company (Australia)
• Bob’s Red Mill Natural Foods (U.S.)

Segmentation:

On-the-go Consumption of Ready-to-eat Cereals to Impel Segment Growth

On the basis of type, the market is segmented into ready-to-eat cereals and hot cereals. The ready-to-eat cereals segment occupies the largest share, driven by the quick consumption of ready-to-eat cereals.

High Availability of Conventional Products to Boost Segment Expansion

In terms of category, the market is categorized into conventional and organic. The conventional segment witnesses the largest breakfast cereal market share owing to the huge availability of conventional products.

Ready Availability of Broad Collection of Products to Accelerate Supermarkets/Hypermarkets Segment Growth

Based on distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online retail, and others. The supermarkets/hypermarkets segment holds the largest market share owing to the diverse collection of products being readily available in one place.

Regionally, the market for breakfast cereal is categorized into South America, Asia Pacific, Europe, North America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/industry-reports/breakfast-cereals-market-100535

Report Coverage

The competitive strategies deployed by top companies to attain the largest share have been mentioned in the research report. Besides this, it provides a comprehensive coverage of the top trends, notable industry developments, and the impact of the COVID-19 pandemic on market growth. It further highlights the key factors propelling the market growth.

Drivers and Restraints:

Increasing Demand for Convenience Food to Expedite Market Growth

The market has witnessed a surge in the popularity and demand for portable cereals, including ready-to-eat products among consumers, driven by the rising popularity of the on-the-go lifestyle. Owing to their convenient nature and longer shelf life, processed foods such as breakfast cereals are increasingly becoming popular among consumers.

Despite such growth opportunities, the presence of sugars and carbohydrates, which are related to many diseases, discourages product adoption further stifling the breakfast cereal market growth.

Regional Insights:

North America Led Owing to Encouragement by Health Associations to Purchase Products with Lower Sugar Content

North America occupied the largest market share in 2023 as health associations are encouraging consumers to buy products with lower sugar content, which creates awareness and reduces their sugar consumption.

Asia Pacific’s market growth is fueled by the rising popularity of Western diets. Rise in disposable incomes, shift in consumer behavior, and escalating demand for processed food boasts substantial growth.

Competitive Landscape:
Key Players Leverage Partnerships to Release Innovative Products

The breakfast cereal market is witnessing the popularity of budget-friendly and portion-controlled individual cereal packs among consumers. Different competitive strategies, such as mergers, acquisitions, joint ventures, and capacity expansions, are being leveraged by top companies to keep ahead of their competition. Many companies are focusing on partnership deals to launch innovative products.

Key Industry Development:

April 2023:  Kellogg’s announced a partnership with the ICEE Company, a J&J Snack Foods Corp. subsidiary, to launch NEW Kellogg's ICEE Cereal. The new cereal uses an innovative ingredient and has been developed by taking inspiration from ICEE's best-selling Cherry and Blue Raspberry flavors.

Market Overview :

The global ice cream market size was valued at USD 76.11 billion in 2023 and is projected to grow from USD 79.08 billion in 2024 to USD 132.32 billion by 2032, exhibiting a CAGR of 6.65% during the forecast period.  

Rising consumer spending on fast food, intense research and development operations for the creation of unique product variants, and the product's widespread availability are expected to fuel the global market. Furthermore, market expansion in a number of emerging markets is projected to be aided in the coming years by greater urbanization and rising disposable income, says  Fortune Business Insights™ , in its report titled  “Ice Cream Market, 2024-2032."

List of Key Players Profiled in the Report

• Nestle S.A. (Switzerland)
• Unilever Group (U.K.)
• General Mills (U.S.)
• Amul (India)
• Dunkin Brands (U.S.)
• Blue Bell Creameries (U.S.)
• Dairy Queen (U.S.)
• Dairy Farmers of America, Inc. (U.S.)
• Cold Stone Creamery (U.S.)
• CAMAL Ltd Company (Azerbaijan)

Segments:

By Type, Impulse Segment to Record Fastest CAGR during 2024-2032

Based on type, the market is bifurcated into impulse and take home. The impulse segment dominated the market share in 2021, owing to rising popularity of conveniently packaged product among consumers. On the other hand, the take home segment will record notable growth through 2032.

By Flavor, Vanilla Segment to Capture Maximum Share through 2032

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2024-2032 led by increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2024-2032

On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2032 led by tremendous popularity of cup ice creams. Convenience associated with this type of packaging makes it extremely popular among consumers.

By Distribution Channel, Online Retailer Segment to Gain Traction through 2032

According to distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. Ease of convenience of online ordering will drive the growth of this segment.

Source: https://www.fortunebusinessinsights.com/ice-cream-market-104847

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.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints :

Increasing Product Innovation to Drive Market Growth

Traditional ice cream is nutrient-dense, yet it has no health benefits. As a result, the market players are showing growing interest in fortification and the addition of beneficial ingredients that may encourage consumers to select the product as a healthy snack option. Functional foods have advantages above and beyond basic nutrition, and they may help to reduce or eliminate the risk of certain diseases. The global consumption of fortified or functional products is predicted to rise due to increased production, thereby augmenting the ice cream market growth in the forthcoming years.

However, low shelf life and seasonality could affect the product consumption to some extent. 

Regional Insights :

Asia Pacific to Dominate Market Share led by Increasing Disposable Income

Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of western cuisine and culture have all boosted product consumption throughout Asia Pacific.

North America is expected to capture the second-largest share in the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the product consumption.

The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand. 

Competitive Landscape:

Market Players Focus on New Product Development and Launches to Strengthen Position

Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021.

Key Industry Development:

February 2024:  Unilever partnered with leading precision fermentation innovator Perfect Day to launch Breyers Lactose-Free Chocolate, which is composed of Perfect Day's dairy protein from fermentation in the U.S.

Market Overview:

The global fermenters market size stood at USD 1.64 billion in 2023. The market is set to grow from USD 1.71 billion in 2024 to USD 2.63 billion by 2032, exhibiting a CAGR of 5.51% during the forecast period.

Fortune Business Insights™ provides this information in its research report, titled “Fermenters Market, 2024-2032”.

In the food industry, fermenters are used for improving the shelf life and sensory attributes of a food item. They are anticipated to record a burgeoning demand over the coming years with an upsurge in the number of microbreweries and craft breweries.

List of Key Players Mentioned in the Report:

• Bioengineering AG (Switzerland)
• DIOSNA Dierks & Söhne GmbH (Germany)
• Pierre Guerin (France)
• SYSBIOTECH GmbH (Germany)
• CETOTEC GmbH (Germany)
• Sartorius AG (Germany)
• GEA Group (Germany)
• Solaris Biotech (U.S.)
• Biotree (India)
• Electrolab Biotech (U.K.)

Segmentation:

Semi-Automatic Segment Registers Dominating Share Owing to Advantage of More Control

By the mode of operation, the market is divided into semi-automatic and automatic. The semi-automatic segment accounts for the largest market share. The mode of operation provides more control during the production of various chemicals and beverages, which drives its adoption.

Continuous Segment to Expand at the Highest Growth Rate Due to Benefit of More Product Yield

Based on process, the market is fragmented into batch, fed-batch, and continuous. The continuous segment is slated to surge at the highest growth rate over the analysis period. The advancements in the fermentation process and benefits such as more product yield and minimal operational costs are propelling segment growth.

Stainless Steel Segment Accounts for Leading Share Due to its Reusability and Cost-efficiency

On the basis of material, the market is subdivided into glass, stainless-steel, and others. The stainless steel segment holds a major share in the global market and is set to rise at the highest CAGR over the analysis period. This is driven by the benefits of cost-efficiency and reusability offered by the material.

Food Segment to Exhibit the Highest CAGR Driven by Mounting Popularity of Plant-based Foods

On the basis of application, the market is segmented into food, healthcare & cosmetics, beverages, and others. The food segment is poised to depict the highest CAGR over the analysis period. The fermenters demand is rising impelled by the escalating popularity of plant-based food products across the globe.

By geography, the market for fermenters has been studied across Europe, North America, South America, Asia Pacific, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/fermenters-market-110183

Report Coverage:

The report gives an insight into the prominent strategies deployed by major industry players to gain an edge over their competitors. Other aspects include the latest trends and the pivotal factors set to propel industry expansion. An analysis of the industry on the basis of various segments has also been furnished in the report. The market has been analyzed based on the mode of operation, application, material, process, and geography.

Fermenters Market Future Outlook

• Growing Demand for Biotechnology: The rise in biotechnology applications is driving the need for advanced fermenters. These devices are essential for producing enzymes, antibiotics, and other bioproducts.

• Increased Focus on Sustainable Practices: Industries are shifting towards sustainable production methods. Fermenters offer eco-friendly solutions by utilizing renewable resources for biofuel and bioplastics production.

• Technological Advancements: Innovations in fermentation technology are enhancing efficiency and scalability. This makes it easier for companies to meet increasing production demands while reducing costs.

• Expansion in Food and Beverage Sector: The fermentation process is crucial in the food industry. With the popularity of fermented foods, the market for fermenters is expected to grow significantly.

Drivers and Restraints:

Favorable Government Policies to Propel Industry Growth

The globally mounting demand for cultivated and plant-based meat has led the governments of various countries to support industry players in a bid to secure more food safety. There has been a rise in government investments in numerous phases of dairy and meat analogs. These factors are set to propel product demand, driving fermenters market growth.

Nevertheless, the industry expansion could be restrained owing to the high costs associated with product installation.

Regional Insights:

Asia Pacific Accounts for Prominent Share Driven by Soaring Demand for Plant-based Meat and Dairy Products

In 2023, the Asia Pacific market value hit USD 0.60 billion. The regional fermenters market share bags a leading position in the global market as plant-based meat and dairy products gain traction in various countries.

The Europe market is touted to grow owing to the presence of supportive government policies. Besides, the region records a high number of breweries in Italy and France.

Competitive Landscape:

Industry Players Focus on Acquisitions and Mergers to Strengthen Market Positions

Industry participants are undertaking various strategies to increase their clientele base. Acquisitions, mergers, and partnerships are some of the steps deployed by industry players to establish a strong market footing. Solaris Biotech and Pierre Guerin are a few of the major players in the fermenters market.

Key Industry Development:

May 2023 –  Wacker Group acquired all shares of ADL Biopharma for EUR 100 million (USD 107.18 million). The move would help the company’s expansion in the field of sustainably produced dietary ingredients.

Market Overview

The global meat substitutes market size was valued at USD 6.42 billion in 2023 and is projected to grow from USD 7.06 billion in 2024 to USD 17.79 billion by 2032, exhibiting a CAGR of 12.25% during the forecast period (2024-2032).  Fortune Business Insights™  has deep-dived these inputs in its latest research report, titled, “ Meat Substitutes Market ,  2024-2032 .”

According to the study, plant-based products have become sought-after in minimizing the issues of dependence on livestock production for meat products. Clean meat substitutes will gain further traction with the rising trend of vegan and vegetarian diets. Environment-friendly food products will continue to be sought globally. The Economist asserted that the number of vegans in the U.S. rose from 0.4% to 3.5% in 2021.

Major Players Profiled in the Report:

• Beyond Meat (U.S.)
• Impossible Foods (U.S.)
• Kellogg Company (U.S.)
• Tyson Foods (U.S.)
• JBS SA (Brazil)
• Conagra Brands, Inc. (U.S.)
• Hain Celestial Group (U.S.)
• Unilever Group (U.K.)
• Nestle S.A. (Switzerland)
• Sunfed (New Zealand)

Source: https://www.fortunebusinessinsights.com/industry-reports/meat-substitutes-market-100239

Segments

Soy-based Ingredients to Remain Dominant with Growing Demand from Vegan Population

With respect to source, the market is segregated into wheat-based ingredients, soy-based ingredients, other grain-based ingredients, and textured vegetable proteins. The soy-based ingredients segment could remain dominant due to growing traction among the vegan and vegetarian population. Moreover, the soaring popularity of tofu and tempeh across North America and Europe will boost ingredient adoption.

Mass Merchandiser to Grow with Easy Product Availability

With respect to distribution channel, the market is segmented into other retail channels, mass merchandisers, online retail, specialty stores, and food service. The mass merchandisers segment will exhibit notable growth due to easy availability and prevalence of discounts.

Report Coverage

The report provides a holistic view of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Moreover, qualitative and quantitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals. The research report also delves into pre and post COVID-19 analysis to provide a comprehensive perspective of the market.

Drivers and Restraints

Advanced Form of Packaging Design to Reinforce Growth Potentials

Developed and developing countries have exhibited an increased inclination for clean products with carbon labeling. Of late, millennials and Gen Z populations have shown traction for advanced packaging with respect to environmental impact. Growing preference from health-conscious consumers could foster meat substitutes market share during the forecast period. Besides, escalating risk of cardiovascular disease, diabetes, and cancer due to consumption of red meat will further encourage the consumption of plant-based protein foods. However, difficulty in mirroring the meat color and challenges with respect to manufacturing meat flavor could dent the market growth.

Regional Insights

Europe to Gain Prominence from Soy-based Ingredients

Stakeholders anticipate Europe to witness investments abound with the rising trend for soy-based ingredients and wheat-based ingredients. With a notable shift toward a sustainable trend, plant-based products will be sought across the U.K., France, Germany, and Italy. The growing trend for gluten-free and vegan diets will bode well for regional growth.

The Asia Pacific meat substitutes market growth will be pronounced with rising emphasis on the vegan population. Moreover, consumers have spurred investments in high-quality, nutritious, and protein-rich food products. With the growing focus on sustainability, hotels and restaurants could invest in plant-based products.

North America could contribute notably toward the global market share due to the soaring popularity of vegan meat burgers and sausage. Manufacturers of meat substitutes are likely to inject funds into nutritious, tastier, and high-quality plant-based products. Clean products are expected to gain ground across online channels and will continue to be sought across retail food chains.

Competitive Landscape

Stakeholders Invest in Mergers & Acquisitions to Boost Portfolios

Major companies could invest in product launches, mergers & acquisitions, and technological advancements to bolster footprint. Besides, an influx of funds into R&D activities will encourage well-established players and new entrants to propel their portfolios.

KEY INDUSTRY DEVELOPMENTS:

• February 2024:  Beyond Meat announced plans to launch a newer version of plant-based meat alterative-based burger in retail grocery stores in the U.S.

Market Overview:

The global single cell oil market size was valued at USD 57.90 million in 2023. The market is projected to grow from USD 67.36 million in 2024 to USD 338.51 million by 2032, exhibiting a CAGR of 22.36% during the forecast period.

Single cell oils, or microbial oils, are extracted from unicellular organisms such as yeasts, bacteria, fungi, and microalgae. They are classified as nutritional oils based on their fatty acid composition, with Omega-3 oils being particularly in demand due to their high nutritional value. Growing interest in microbial oil production is prompting manufacturers to create customized products for human consumption and biofuel production, reflecting the increasing market expansion.

List of Key Players Mentioned in the Report:

• DSM-Firmenich (Netherlands)
• Cellana (U.S.)
• Corbion N.V. (Netherlands)
• Algatech (Israel)
• DIC Corporation (Japan)
• Henry Lamotte Oils (Germany)
• Algaecytes (U.K.)
• Bioriginal Food & Science Corp (Canada)
• ALGENOL (U.S.)
• Chevron Corporation (U.S.)

Segmentation:

Filamentous Fungi and Yeasts Segment Dominates Due to its Easy Harvesting

Based on microorganism, the market is fragmented into bacteria, filamentous fungi and yeasts, and microalgae. Filamentous fungi and yeasts will exhibit the highest growth rate as they have the ability to adapt to changing climate and can be easily harvested.

Food supplements Segment Held a Dominant Share due to Increased Adoption

In terms of application, the market is classified into functional food, food supplements, cosmetics, biodiesel, aquaculture, and others. The food supplements segment captures the largest single cell oil market share owing to the rising uptake of products for the production of dietary supplements.

In terms of region, the market is categorized into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/single-cell-oil-market-110719

Report Coverage:

The report delves into the market, encompassing product types, leading applications of the product, and leading companies. It provides insights into trends, industry developments, and factors driving recent market growth. The report also highlights the impact of the COVID-19 on the market. 

Drivers and Restraints:

Environment Sustainability of Microbial Oils in Comparison to Traditional Oilto Impel Market Growth

Concerns about the environmental impact of traditional oil and gas exploration are driving governments to implement stringent policies aimed at reducing greenhouse gas emissions, encouraging manufacturers to seek sustainable oil alternatives. Microbial oil presents a viable alternative that minimizes environmental impact, as microbes can be rapidly cultivated, have high oil content, and offer the potential for co-generating valuable by-products.

However, the need for a complicated production process, which requires precise control of heat and oxygen, contributes to the high costs of producing such products, hindering the single cell oil market growth.

Regional Insights:

Europe Dominates the Market Owing to Sustainable Innovation

Europe leads the global market, with a value of USD 25.58 million in 2023, driven by sustainable innovation such as DSM-Firmenich's algal oil, which serves as an eco-friendly alternative to fish oil in aquaculture.

North America is a key player in the global single cell oil market, with the U.S. and Canada being major adopters for industrial uses. Manufacturers are targeting these regions for expansion, as shown by Veramis’s 2024 approval from Canadian regulators to sell its algal oil after a three-year testing phase.

Competitive Landscape:

Industry Participants Focus on R&D Activitiesto Boost their Product Portfolio

The single cell oil market is highly fragmented, featuring numerous startups and small-scale manufacturers focused on R&D for the global market. Key players such as DIC Corporation, DSM-Firmenich, and Corbion N.V. are employing strategies such as new product launches, investment in clinical trials, and partnerships with industries to enhance production and expand their product offerings.

Key Industry Development:

April 2024:  In a bid to promote sustainability, Cargill Canada collaborated with Cermaq and Veramaris to introduce algal oil as a feed alternative in Canada's aquaculture sector.

Market Overview:

The global liquid fertilizers market size was valued at USD 2,771.86 million in 2023 and is expected to be worth USD 2,885.23 million in 2024. The market is projected to reach USD 4,123.96 million by 2032, recording a CAGR of 4.57% during the forecast period.

Liquid fertilizers are water-soluble fertilizer solutions containing key nutrients that plants need to grow, such as nitrogen (N), phosphorus (P), and potassium (K), as well as micronutrients, such as iron (Fe), zinc (Zn), and manganese (Mn). They are designed to be diluted with water and applied straight to the soil or leaves of plants. Emerging markets are increasingly embracing modern farming technologies and techniques, such as precision agriculture and protected cultivation.

LIST OF KEY COMPANIES PROFILED IN THE REPORT:

• Nutrien Ltd. (Canada)
• Yara International ASA (Norway)
• Peptech Biosciences Ltd. (India)
• Foxfarm Soil & Fertilizer Co. (U.S.)
• Benefert B.V. (Netherlands)
• ICL Group (Israel)
• Mahafeed Speciality Fertilizers (India) Pvt. Ltd. (India)
• CF Industries Holdings, Inc. (U.S.)
• The Mosaic Company (U.S.)
• Kugler Company (U.S.)

Segmentation:

Nitrogen Segment to Account for Major Market Share Due to its Need for Quantity and Quality of Crop Yields

Based on nutrient type, the market is segmented into nitrogen, potassium, phosphate, and micronutrients. The nitrogen segment is projected to account for a major share of the global market. Nitrogen is crucial for healthy plant growth, and a lack of it in the soil can reduce the quantity and quality of crop yields.

Fertigation to Capture Major Share Due to its Ability to Enhance Nutrient Uptake and Promote Balanced Growth

Based on mode of application, the market is segmented into foliar, soil, fertigation, and others. The fertigation segment is projected to capture a major share of the global market. Fertigation provides even nutrient distribution, enhancing nutrient uptake and promoting balanced growth. It enables precise control over application rates and timing to cater to the specific needs of crops at various growth stages.

Urea Ammonium Nitrate Segment to Capture Major Share with its Increased Adoption for Fertigation

Based on major component, the market is segmented into calcium ammonium nitrate, urea ammonium nitrate, potassium nitrate, phosphorous pentoxide, and others. The urea ammonium nitrate is anticipated to capture a major share of the global market. UAN is increasingly being adopted for fertigation, which combines fertilizer and water application through irrigation systems.

Grains & Cereal Crops Segment to Capture Major Share Due to its Increased Demand

Based on crop type, the market is segmented into grains & cereal crops, oilseeds & pulses, fruits & vegetables, and others. The grains & cereals segment is expected to capture a major share of the global market. Grains & cereals are vital for the global food supply, feeding billions. With the growing population, the demand for food grains remains high, making efficient nutrient management essential for optimal yields.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Source: https://www.fortunebusinessinsights.com/liquid-fertilizers-market-103314

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, major components, nutrient types, mode of applications, crop types, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Rapid Expansion of Greenhouse Vegetable Production to Fuel Market Growth

The swift expansion of greenhouse vegetable production significantly influences the market. Greenhouse farming provides a regulated environment, allowing plants to grow more efficiently and achieve greater yields per area compared to traditional open-field farming. This method enhances the efficiency of resource use, including water, nutrients, and land. In greenhouses, the liquid fertilizers can be accurately delivered through irrigation systems, which minimizes wastage and optimizes nutrient absorption by plants.

However, farmers, particularly in the Middle East & Africa, often lack knowledge about the correct application of liquid fertilizers in precise amounts, which hinders liquid fertilizers market growth.

Regional Insights:

Asia Pacific Dominated Market Due to Region’s Significant Agricultural Activity

Asia Pacific was valued at USD 1,358.69 million in 2023, holding the largest liquid fertilizers market share. This region, home to populous nations such as China and India, drives significant agricultural activity, resulting in high demand for boosting crop yields.

In North America, the market is projected to experience substantial growth due to rising demand for efficient fertilizers. The adoption of protected agriculture methods, including greenhouses and hydroponics, is further fueling the market’s expansion.

Competitive Landscape:

Key Players to Focus on Expanding Production Capabilities to Address Projected Demand for Liquid Fertilizers

Notable key players operating in this market are Nutrien Ltd., Yara International, ICL Group, CF Industries Holdings, Inc., and others. The manufacturers are expanding production capabilities by constructing new facilities or enhancing existing ones to address the projected demand for liquid fertilizers.

Notable Industry Development:

July 2024:  Mivena B.V., a producer of high-quality fertilizers for professional users, introduced a new line of vegan liquid fertilizers and organic granulated fertilizers at the International Turf tradeshow BTME Harrogate, U.K., as well as the International Horticulture tradeshow IPM Essen, Germany.

Market Overview

The global ready-to-eat foods market size was USD 404.78 billion in 2024. The market is set to rise from USD 425.39 billion in 2025 to USD 626.13 billion by 2032 at a CAGR of 5.68% during 2025-2032.

Ready-to-eat foods offer unmatched convenience, as they come fully prepared, processed, and packaged for immediate consumption, eliminating the need for cooking. While these items can be enjoyed straight from the package, consumers often prefer to reheat them for enhanced flavor. Increasing consumer preference for convenient food items is boosting the sales of ready-to-eat foods.

List of Key Players Profiled in the Report:

• Nissin Foods Holdings (Japan)
• Nestle SA (Switzerland)
• Ajinomoto Co. Inc (Japan)
• General Mills Inc. (U.S.)
• Conagra Brands Inc. (U.S.)
• Unilever PLC (U.K.)
• Associated British Foods Plc (U.K.)
• The Kellogg Company (U.S.)
• Mars Inc (U.S.)
• McCain Foods Limited (Canada)

Segments

Increasing Consumer Appetite for Convenient Foods Propels Demand for Ready Meals

In terms of product type, the market is classified into bakery products, ready meals, breakfast cereals, instant snacks, meat products, instant noodles, and others. The ready meals segment commands the largest ready-to-eat foods market share, fueled by increasing consumer appetite for convenient and quick meal solutions. Various companies are rolling out innovative offerings to meet this surging demand.

Supermarkets/Hypermarkets Lead as They Offer Range of RTE Foods at Affordable Prices

By distribution channel, the market is divided into hypermarkets/supermarkets, specialty stores, convenience stores, online retail stores, and others. Supermarkets/hypermarkets take center stage in the global market, offering a diverse range of ready-to-eat foods at affordable prices. The expanding presence of these mass retailers contributes to rising global sales of ready-to-eat foods. Leading brands continue to broaden their reach across multiple retail channels.

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

Source: https://www.fortunebusinessinsights.com/ready-to-eat-foods-market-110704

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

Growing Individual Preference for Prepared Foods to Bolster Market Development

Convenience remains a key driver reshaping the food industry globally. As urban dwellers manage demanding schedules, many find it challenging to allocate time for meal preparation. In this context, prepared and ready-to-eat foods have emerged as a popular solution, requiring only minimal heating before serving. Additionally, these products offer extended storage options – items, such as frozen meats, instant noodles, and cereals can be kept for long periods, providing a cost-effective and time-saving alternative for busy individuals.

On the other hand, the shortage of proper cold chain infrastructure is hindering the ready-to-eat foods market growth.

Regional Insights

Rising Gluten-free, Natural, and Organic Food Trends Boosted Market Growth in Europe

The market size in Europe is valued at USD 135.25 billion in 2024, driven by the increased consumption of RTE food products in Germany, Italy, France, Spain, the U.K, and the Netherlands. Surging demand for plant-based food products and rising gluten-free, natural, and organic food trends are propelling market growth in the region. Germany emerges as a leader in the European RTE foods market by holding over 20% of the share, owing to increased purchases of prepared salads, vegetables, bakery products, and ready meals.

North America accounts for a significant market share due to rising production of bakery products, frozen meals, instant noodles, and breakfast cereal products and surging demand for easy-to-prepare food products among working women. Rising consumption of convenient and nutritious food among adults and youths is fueling market expansion in the U.S.

Competitive Landscape

Key Companies Emphasize Partnerships to Improve Their Competitive Edge

The global market is highly fragmented, with both international giants and regional competitors actively shaping the landscape. Industry leaders, including Nissin Foods Holdings, Nestle SA, Ajinomoto Co. Inc., General Mills Inc., McCain Foods Limited, and Conagra Brands Inc., are driving innovation and influencing consumer expectations through continuous R&D, new product launches, and market penetration efforts. Together, these companies hold about 57% of the total market share. Technological advancements, product diversification, and expansion into new regions bolster their competitive edge. In December 2023, Nissin Foods (USA) Co., Inc. introduced its Hot & Spicy Fire Wok Packets, delivering fiery chili flavors across Walmart stores and online platforms.

Key Industry Development

• February 2024:  A Swiss multinational food producer named Nestle S.A. partnered with SOCIAL and BOSS Burger to release MAGGI Professional's plant-based offerings. This product series comprises frozen burger patty and mince.

Market Overview:

The global quick service restaurants market size was worth USD 894.68 billion in 2023 and is projected to grow from USD 971.36 billion in 2024 to USD 1,930.14 billion by 2032, exhibiting a CAGR of 8.96% during the forecast period.

A quick-service restaurant refers to a restaurant that delivers food items that take the least time to prepare and reduce customers’ waiting time. These restaurants offer a vast variety of services to their customers. The business of food delivery has grown exponentially in recent years due to the rising development of food delivery applications and websites. Quick-service restaurants are also looking for different ways to deliver their food services to customers, which will further fuel the quick-service restaurants market growth.

Fortune Business Insights™ displays this information in a report titled, "Quick-Service Restaurants Market, 2024-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Chick-fil-A (U.S.)
• Papa John's International, Inc. (U.S.)
• Subway IP LLC (U.S.)
• Starbucks Corporation (U.S.)
• Yum! Brands, Inc. (U.S.)
• McDonald's Corporation (U.S.)
• Restaurant Brands International Inc. (Canada)
• The Wendy's Company (U.S.)
• Dunkin (Inspire Brands) (U.S.)
• Domino's Pizza, Inc. (U.S.)

Segments:

Growing Consumer Interest in Restaurant Dining to Boost Preference for Dine-In Services

Based on service type, the market is segmented into dine-in, takeaway, and delivery. The dine-in segment is expected to dominate the quick-service restaurants market share during the forecast period as more customers prefer to dine-out in restaurants to get the complete dining experience, especially after the COVID-19 pandemic.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/quick-service-restaurants-market-103236

Report Coverage:

The report provides a detailed analysis of the market and covers key areas such as leading market players and their competitive landscape. It also offers leading insights into the latest market trends and focuses on top industry developments. Besides the abovementioned factors, the report covers several factors contributing to the market's growth.

Drivers and Restraints:

Growing Network of Food Malls to Drive Market Progress

Consumers are increasing their preference for shopping malls that have several brands under one roof. Keeping this trend in mind, many food service providers are launching multi-brand food malls and courts to boost their customers’ shopping experience. These malls are equipped with advanced technologies to decrease customer waiting time and offer ease in ordering various food items. These advantages will drive customers’ preference for quick-service restaurants.

However, growing popularity of cloud kitchens can impede the market growth.

Regional Insights:

North America to Lead Market Growth with Rapid Expansion of Fast Food Chains

North America is expected to dominate the global market as the region has a vast presence of fast food chains due to increasing number of dual income households and changing lifestyle of customers.

Asia Pacific will also hold a major global market share as the popularity of quick-service restaurants is growing at a commendable pace in India, Malaysia, Indonesia, South Korea, and China.

Quick Service Restaurants Market Trends:

• Digital Integration : The adoption of self-ordering kiosks, mobile apps, and digital menus is enhancing customer convenience and operational efficiency. These technologies streamline the ordering process and reduce wait times.
• Health-Conscious Offerings : There's a growing demand for healthier menu options, including salads, fruit, and plant-based items, as consumers become more health-conscious. This shift is prompting QSRs to diversify their menus to cater to these preferences.
• Value Promotions : In response to economic pressures, QSRs are introducing value meals and promotions to attract cost-conscious customers. For example, McDonald's launched a $5 Meal Deal, leading to increased customer visits.
• Sustainability Initiatives : There's an increased focus on sustainable practices, such as reducing food waste, sourcing responsibly, and minimizing environmental impact. Consumers are increasingly favoring brands that demonstrate environmental responsibility.
• Delivery and Takeout Expansion : The demand for delivery and takeout services has surged, prompting QSRs to enhance their delivery capabilities and partner with third-party platforms to meet customer expectations.

Competitive Landscape:

Key Companies to Focus on Launching New Products to Retain Market Dominance

The market is witnessing notable growth as key players operating in this industry are increasing their focus on launching innovative products to enhance the dining experience of customers. Some of the major market players include Burger King, McDonald's Corporation, Pizza Hut, Taco Bell, and many more.

Key Industry Development:

• August 2023:  American sandwich chain Subway entered a definitive agreement to sell its business to the affiliates of Roark Capital. Roark Capital focuses mainly on investments in consumer business service companies, specializing in franchise and franchise-like businesses.

Market Overview

The global pet supplements market size stood at USD 2.33 billion in 2023. The market is projected to be worth USD 2.47 billion in 2024 and reach USD 3.85 billion by 2032, exhibiting a CAGR of 5.73% during the assessment period.

The pet supplements global market is witnessing a transition from pet owners to pet parents, and heightened awareness of pet health is driving a surge in demand for supplements crafted with premium ingredients. As per the study, this shift toward personalized supplements tailored to address specific pet health concerns reflects a positive outlook for the market over the assessment period.

List of Major Players Profiled in the Report:

• Mars Incorporated (U.S.)
• Nestle S.A. (Switzerland)
• FoodScience Corporation (U.S.)
• Biostime Pharmaceuticals (Zesty Paws) (China)
• iVet Professional Formulas (U.S.)
• Farmina Pet Foods (Italy)
• Nutramax Laboratories, Inc. (U.S.)
• The Higgins Group Corp. (U.S.)
• Pet Naturals (U.S.)
• Affinity Petcare S.A (Spain)

Source: https://www.fortunebusinessinsights.com/pet-supplements-market-109797

Segments:

Solidified Position of Dogs Segment is owed to the Rising Number of Dog Ownership

By pet type, the market is trifurcated into dogs, cats, and others. Dogs command the highest share of the market, buoyed by increasing ownership rates and continued interest in future adoptions.

Chewable Supplements Lead Market with Their Higher Preference Rate

By form, the market is fragmented into tablets & capsules, chewable, and liquid & powder. The chewable segment gains an edge over other supplement forms owing to its convenience and higher preference.

Hip & Joint Segment Dominates with Higher Number of Old Pets

By function, the market is classified into skin & coat, hip & joint, digestive health, and others. The escalating number of pets with old age following the hip & joint problems leads to the segment’s top position.

Glucosamine Vanguards with its Proficiency in Protecting Chondrocyte Cells

By supplement, the market is categorized into glucosamine, probiotics & prebiotics, multivitamins, and others. Glucosamine captured the largest share of 38.02% in 2023 and made its mark as a dominant supplement with its ability to protect chondrocyte cells and maintain cartilage structure.

Offline Channel Gains Prominence with Simplified Price Comparisons

By distribution channel, the market is split into online channel and offline channel. The offline distribution channel's easier price comparison and variegated options place the segment at the forefront.

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

Report Coverage
The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market’s growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.

Drivers and Restraints

Millennial and Gen Z Pet Owners Drive Personalized Wellness Trends in the Market

The millennial and Generation Z demographics represent a significant portion of pet owners globally. A strong inclination toward personalized wellness products, awareness of pet health trends, and substantial spending capacity are poised to shape the future landscape of the pet supplements market growth.

However, the high regulation in developed countries increases the manufacturing cost of pet supplements, further impeding the market’s growth.

Regional Insights

North America Leads Market with High Pet Ownership

North America secured USD 1.02 billion in 2023 and holds the maximum pet supplements market share globally. Most of the U.S. population is estimated to own at least one pet, resulting in higher adoption of pet supplements.

Asia Pacific is projected to outpace other regions in terms of growth rate with higher adoption rates from the millennial population.

Competitive Landscape

Industry Titans Forge Ahead with Strategic Initiatives to Cement Market Position

Industry giants solidify their pet supplements market position by prioritizing innovation and expansion strategies such as new product launches and strategic acquisitions. Mars Incorporated's launch of Pedigree multivitamins in March 2023, which exemplifies its commitment to catering to the growing preference for supplements among younger pet owners.

Key Industry Development

December 2023:  EverRoot, a pet supplement brand powered by Purina, announced that it has teamed up with athlete and fitness and wellness advocate Laila Ali to introduce its all-new format of dog supplements called EverRoot Dog Supplements Soft Chews. This new product line will be available across distribution channels, and its personalized dog supplement is said to be designed to cater to a variety of overall health benefits.