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.

Market Overview:

The global oats market size stood at USD 5.18 billion in 2019 and is projected to reach USD 8.56 billion by 2032, exhibiting a CAGR of 4.05% during the forecast period. The growing consumption of whole-grain foods owing to its health benefits will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “ Oats Market Size, Share & Industry Analysis, By Type (Steel Cut, Whole Oats, Instant Oats, and Others), Application (Bakery and Confectionery, Breakfast Cereals, Animal Feed, and Others), and Regional Forecast, 2020 – 2032.” 

The Report Lists the Key Companies in the Oats Market:

• Quaker Oats Company (PepsiCo, Inc.) (New York, U.S.)
• Morning Foods Ltd. (Crewe, United Kingdom)
• The Kellogg Company (Michigan, U.S.)
• Richardson International Ltd. (Winnipeg, Canada)
• Bob’s Red Mill Natural Foods, Inc. (Oregon, U.S.)
• Avena Foods Ltd. (Regina, Canada)
• Glanbia, Plc. (Kilkenny, Ireland)
• The Ancient Grains, Co. (Kildare, Ireland)
• Aussee Oats Milling Pvt Ltd (Gampaha, Sri Lanka)
• Blue Lake Milling (SA, Australia)

The report on the oats Market illustrates :

• Prominent insights into the market
• Predictive analysis with key data
• Latest market trends and developments
• Stellar insights into the competitive landscape
• Crucial data about regional players
• COVID-19 Impact

Source: https://www.fortunebusinessinsights.com/industry-reports/oats-market-100199

Market Driver :

Significant Utilization in Animal Feed to Drive Market

The vast application of oats in the animal feed industry owing to its properties to improve feed value will foster the growth of the market. The higher fat content compared to other cereals enhances energy content in the feedstock. Similarly, it adds key components for easy digestibility in animals. The balanced amino acid composition along with palatability makes it ideal for poultry, horses, and piglets. Thus, boosting the growth of the market. However, the wide availability of whole grains such as wheat, barley, sorghum, and quinoa that possess nearly the same nutritional profile can as an obstruction for the growth of the market. Besides, heavy demand for barley owing to its negligible cholesterol and triglyceride levels can further dampen the growth of the market.’

Mass Disruption in Food Industry to Impede Development during Coronavirus

The lockdown imposed by the governments has disturbed the supply chain activities, resulting in market closure and disrupted the food services sector. The food manufacturers and processors are observing several inhibitions in their operations. The shutdown of hotels, restaurants, & Café has negatively impacted the global market. Nevertheless, the production remained unaffected as deliveries of seeds, fertilizers, and crop protection was made available by the governments. Moreover, the ease accessibility of food supplies and commodities by the governments can aid in recovering losses and incite remunerative business outcomes.

Oats Market Growth

• Increasing Health Awareness: More people are prioritizing healthy diets. Oats are rich in fiber and nutrients, making them a popular choice.

• Versatile Usage: Oats can be used in various products. From breakfast cereals to snacks, their versatility drives demand across different markets.

• Rise of Plant-Based Diets: The shift towards plant-based eating habits boosts oat consumption. Oats serve as a great alternative in many recipes.

Regional Analysis :

Increasing Health-Conscious Consumers to Aid Growth in Europe

The market in Europe is expected to hold a significant share during the forecast period owing to the high production in countries such as Russia, the U.K., Italy, and Spain. The increasing health consciousness among consumers to boost growth in the region. The increasing demand for healthy grain-based snacks will bolster the growth of the global market in Europe. The hectic lifestyles of European consumers have led to high nutritional food products. Hence, increased production and consumption in European Countries will spur opportunities for the market. North America is expected to hold the largest share in the global market owing to the growing consumption of porridge or oatmeal as a staple food.

Key Development :

November 2019:  Chobani LLC launched a product range that includes oat drinks and blends in the U.S. market for expanding its business.

November 2018:  Nestle SA announced that it has added a new product to its cereals range containing whole grains, called Oat Cheerios breakfast cereals in the UK.

Market Overview

The global gelatin market size was valued at USD 3.07 billion in 2023 and is projected to grow from USD 3.20 billion in 2024 to USD 5.51 billion by 2032, exhibiting a CAGR of 7.03% during the forecast period.(2024-2032). Europe dominated the Gelatin Market with a market share of 41.04% in 2023.

The gelatin market is growing fast, mainly because more people are interested in functional foods and drinks, and because gelatin is used more in medicines and cosmetics. People also want products with clear labels and gelatin is used in things like pasta, yogurt, and cosmetics. Gelatin is a popular ingredient in food because it helps keep food stable, gives it a good texture, and helps it foam.

During the pandemic, more people were cooking and baking at home, which made the demand for gelatin go up. To meet this demand, companies are creating new products. For example, PB Leiner introduced Textura Tempo Ready in August 2020. This new gelatin is clean, doesn't have any extra ingredients, is made from gelatin only, and it's easier to use than regular gelatin.

This information comes from Fortune Business Insights in their report, “Gelatin Market, 2024-2032.”

List of Key Players Covered in the Report

• Gelita AG (Germany)
• Darling Ingredients Inc. (U.S.)
• Nitta Gelatin, Inc. (Japan)
• Tessenderlo Group (Belgium)
• Weishardt (France)
• Trobas Gelatine B.V. (Netherlands)
• Lapi Gelatine S.p.a. (Italy)
• Juncà Gelatines SL (Spain)
• Italgel S.r.l (Italy)
• Sterling Biotech Ltd. (India)
• Gelnex (Brazil)

Segments

Porcine Gelatin to Hold Largest Share Owing to its Higher Nutrient Content

Based on source, the market is segmented by porcine, bovine, and others.

Porcine segment witnessed strong sales performance over other sources since they are less expensive. Besides, the issue of possible fraud and mislabeling has become a concern among consumers.

Growing Use of the Product in Food & Beverages Propels Gelatin Market Growth

Gelatin is a versatile ingredient in many sectors like food, healthcare, cosmetics, and more. It's most commonly found in snacks, candies, and desserts due to its use in the food industry. The market is spread across five major regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the market, dividing it into various segments and offering a comprehensive overview. It explores current trends and future prospects, as well as regional changes and their influence on market expansion. It also discusses COVID-19's impact on potential risks for investors and business owners. Furthermore, the report evaluates major companies and their strategies for maintaining competitiveness.

Source: https://www.fortunebusinessinsights.com/gelatin-market-107012

Driving Factors

Expanding Use of Gelatin in Healthcare and Pharmaceutical Industries Will Fuel Market Expansion

Gelatin is becoming more important in medicine because more people have long-term health issues, there are more older people, and more individuals care about their health. The market is growing because of better attention to health and higher medical expenses. Gelatin is also liked for its advantages, like supporting weight loss and treating diseases like weak bones, rheumatoid arthritis, and osteoarthritis.

Regional Insights

Europe to Dominate Backed by Increasing Prevalence of Bone-Related Diseases

The largest revenue for gelatin market share, which was valued at USD 1.08 billion in 2021, was contributed by Europe. The expansion of the European market is anticipated to be fueled by the rising prevalence of bone-related illnesses.

Due to the movement in consumer desire from traditional items to more health-oriented products, the food and beverage industry dominates the North American market.

Asia Pacific is anticipated to have the market's fastest growth rate. The region's market is expanding as a result of increased chronic disease occurrences and an aging population.

Competitive Landscape

Partnerships among Companies to Secure their Brand Values in the Global Market

Top companies are smartly working to advertise their products and boost their market standing. A successful approach is teaming up with other businesses to introduce new items and grow their customer base.

Key Industry Development

December 2023:  Darling Ingredients Inc., a leading gelatin manufacturer, obtained a patent for its specialized gelatin StabiCaps. This formulation helps improve the stability of soft gel capsules and can be used to produce a wide range of pharmaceuticals.

January 2022:  According to a report from Darling Ingredients Inc., the Terasaki Institute for Biomedical Innovation (TIBI), a regenerative medicine research Centre with Californian base, has teamed with the company's global brand, Rousselot Health. With this agreement, the businesses are concentrating on developing gelatin-based medicines that will eventually find use in clinical settings.