Market Size:
The global ketchup market size was valued at USD 25.92 billion in 2024. The market is projected to grow from USD 27.51 billion in 2025 to USD 43.06 billion by 2032, exhibiting a CAGR of 6.61% during the forecast period. North America dominated the ketchup market with a market share of 36.77% in 2024.
LIST OF KEY KETCHUP COMPANIES PROFILED
- Nestle S.A. (Switzerland)
- The Kraft Heinz Company (U.S.)
- Unilever Ltd. (India)
- The Fremont Company (U.S.)
- Agro Tech Foods Limited (ATFL) (India)
- Conagra Brands, Inc. (U.S.)
- General Mills Inc. (U.S.)
- Campbell Soup Company (U.S.)
- Premier Foods Plc (U.K.)
- Kagome Co., Ltd (Japan)
- Lee Kum Kee (Hongkong)
Product Insights: Non-Flavored Ketchup Remains the Market Leader
By product type, non-flavored ketchup continues to hold the largest market share and is expected to maintain this position in the coming years. Its widespread popularity is linked to versatility—non-flavored ketchup pairs well with a broad range of foods and appeals to both children and adults.
While traditional tomato ketchup dominates, the market is seeing increasing interest in flavored varieties , such as spicy chili ketchup, garlic-infused ketchup, and fruit-based blends. These innovations cater to adventurous consumers seeking new taste experiences and are helping brands differentiate themselves in a competitive space.
Source: https://www.fortunebusinessinsights.com/ketchup-market-106033
Market Growth Drivers
Several key factors are fueling the growth of the ketchup market:
- Fast-Food Industry Expansion – The rapid growth of QSR chains such as McDonald’s, Burger King, and KFC is directly linked to rising ketchup consumption.
- Urbanization and Busy Lifestyles – In urban areas, consumers prefer ready-to-eat meals and packaged condiments for convenience.
- E-Commerce Penetration – Online grocery platforms have made it easier for consumers to purchase a variety of ketchup brands and flavors, boosting sales.
- Product Innovation – Health-focused products, such as sugar-free or low-sodium ketchup, are attracting health-conscious buyers.
- Cultural Adaptation – Brands are launching region-specific flavors to cater to local tastes, increasing acceptance in new markets.
Regional Opportunities
While North America is currently the largest market, Asia-Pacific is projected to witness the fastest growth over the forecast period. Countries such as India, China, and Indonesia are seeing rising adoption of Western-style fast food, increased disposable incomes, and improved access to packaged goods through modern retail formats.
In Latin America , the ketchup market is benefiting from the growing popularity of street food and fast-casual dining. Meanwhile, the Middle East & Africa are emerging as potential growth hotspots due to urbanization, a young consumer base, and expanding retail infrastructure.
Challenges and Restraints
Despite strong growth prospects, the ketchup market faces several challenges:
- Health Concerns – Traditional ketchup often contains high sugar and sodium levels, which can deter health-conscious consumers.
- Raw Material Price Volatility – Fluctuating prices of tomatoes due to climate conditions can impact production costs.
- Competition from Other Condiments – Mayonnaise, mustard, and hot sauces are competing for consumer attention, especially in markets with diverse culinary traditions.
Brands that proactively address these challenges by reformulating products and diversifying their offerings will have a competitive edge.
Future Outlook
Looking ahead, the ketchup market is expected to benefit from:
- Healthier Variants – Organic, preservative-free, and sugar-reduced ketchups will gain market share.
- Sustainable Packaging – Recyclable bottles, pouches, and biodegradable materials will become more common.
- Flavor Innovation – Regional and exotic flavor blends will help brands capture niche markets.
- Digital Marketing – Social media and influencer partnerships will continue to drive consumer awareness and brand loyalty.
With its blend of tradition and innovation, the ketchup market is well-positioned to remain a pantry staple while evolving to meet the demands of modern consumers. From classic tomato ketchup to bold new flavors and sustainable packaging, the industry’s future looks bright, promising both strong revenue growth and exciting product diversity in the years to come.
KEY INDUSTRY DEVELOPMENTS
- November 2024: Agro Tech Foods Limited (ATFL), backed by Samara Capital, acquired Del Monte Foods Private Limited (DMFPL) for over USD 154.03 million. The acquisition granted Agro Tech Foods Limited (ATFL) ownership of Del Monte products such as ketchup, pasta , oil, and brands in India.
- July 2024: Shark Tank Winner Noshi announced the launched of new organic ketchup, made specially for kids. The new product is made from organic ingredients, kosher-certified, gluten-free, and vegan.
Market Overview:
The global soy flour market size was valued at USD 6.80 billion in 2024. The market is projected to grow from USD 7.27 billion in 2025 to USD 11.98 billion by 2032, exhibiting a CAGR of 7.40% during the forecast period. Asia Pacific dominated the soy flour market with a market share of 44.41% in 2024.
LIST OF KEY SOY FLOUR COMPANIES PROFILED:
- Cargill Inc. (U.S.)
- ADM (U.S.)
- CHS Inc. (U.S.)
- DuPont (U.S.)
- Wilmar International Ltd (Singapore)
- Foodchem International Corporation (China)
- Sun Nutrafoods (India)
- Seasons International Pvt. Ltd (India)
- American International Foods, Inc. (U.S.)
- Avi Agri Business Limited (India)
Report Coverage:
The report provides a detailed analysis of the worldwide market, using statistics and detailed explanations. It includes expert opinions from interviews with important people, collected through emails, phone calls, and surveys, as well as from official documents and websites. The report uses both detailed and broad methods to give a full understanding of the products.
Soy Flour Market Growth:
The soy flour market is witnessing robust growth, driven by increasing demand for plant-based proteins, health-conscious eating, and gluten-free alternatives. Consumers are turning to soy flour for its high protein content, versatility, and functional benefits in bakery, snacks, and meat substitutes. Rising vegan and vegetarian trends, especially in North America, Europe, and Asia Pacific, are boosting product adoption. Technological advancements in soy processing and the development of non-GMO, clean-label products are further expanding market opportunities. As awareness of sustainable and protein-rich diets grows, the global soy flour market is projected to experience steady expansion in the coming years.
Source: https://www.fortunebusinessinsights.com/soy-flour-market-113436
Soy Flour Market Drivers and Restraints:
Drivers: The soy flour market is driven by rising demand for plant-based proteins, growing health awareness, and increasing popularity of vegan and vegetarian diets. Its use in gluten-free and high-protein products, along with expanding applications in bakery, meat alternatives, and functional foods, fuels market growth. The affordability and nutritional value of soy flour further enhance its appeal.
Restraints: However, market growth is restrained by concerns over soy allergies, the widespread use of genetically modified (GM) soybeans, and fluctuating soybean prices. Additionally, consumer preference for clean-label or non-GMO products may limit adoption in regions with strict food labeling regulations.
Soy Flour Market Regional Insights:
The soy flour market shows strong regional dynamics. North America leads with high demand for plant-based, protein-rich foods, especially in the U.S. Asia Pacific is the fastest-growing region, driven by abundant soy production and rising consumption in China and India. Europe favors non-GMO soy flour due to clean-label preferences and strict regulations. Latin America, with strong soybean cultivation in Brazil and Argentina, is witnessing steady growth. The Middle East & Africa show emerging potential as health awareness and demand for affordable protein sources rise. Across regions, soy flour’s role in bakery, snacks, and meat alternatives continues to support market expansion.
KEY INDUSTRY DEVELOPMENTS:
- September 2024 - Bartlett, a family-owned company, opened a new soybean processing plant in Cherryvale, Kansas. The new plant has the capacity of approximately 49 million bushels of soybeans annually.
- February 2024 – Amfora Inc., a biotechnology company specializing in developing sustainable protein products, launched its ultra-high plant protein products - Amfora Ultra-High Protein Soy flour, Texturized Vegetable Protein, and Crisps to the market.
Market Size
The global pizza market size was valued at USD 272.40 billion in 2024. The market is projected to grow from USD 282.91 billion in 2025 to USD 409.50 billion by 2032, exhibiting a CAGR of 5.42% during the forecast period. North America dominated the pizza market with a market share of 38.83% in 2024.
North America Remains the Market Leader
North America continues to dominate the pizza market, accounting for 38.83% of the global share in 2024. The U.S. remains at the forefront, driven by strong consumer demand for both ready-to-eat and frozen pizza options. Leading brands such as Domino’s, Pizza Hut, and Papa John’s are capitalizing on this demand through aggressive expansion, menu innovation, and digital ordering platforms.
In the U.S., technology plays a pivotal role. Mobile apps, AI-driven recommendations, and third-party delivery platforms like DoorDash and Grubhub have revolutionized how consumers order pizza. The ability to customize pizzas in real-time and receive them within minutes has set new standards for convenience and customer satisfaction.
Key Country Highlights
- United States – High market penetration and consistent innovation drive sales. Frozen and ready-to-eat pizzas enjoy strong retail demand alongside booming QSR sales.
- Italy – The birthplace of pizza continues to blend tradition with innovation. While artisanal pizzerias thrive, global chains are also finding their place in the Italian market.
- India – Rapid urbanization, a growing middle class, and higher disposable incomes are fueling demand. Global brands such as Domino’s dominate, offering localized toppings to suit Indian tastes.
- Brazil – The market is expanding thanks to a rising appetite for international cuisines and the presence of both global players and regional chains like Sampa.
Segmentation Insights
By Product Type
- Non-Vegetarian Pizza – Expected to maintain the largest market share in 2025, thanks to popular toppings like pepperoni, sausage, chicken, and seafood.
- Vegetarian Pizza – Predicted to be the fastest-growing segment, supported by increasing health awareness, vegetarian diets, and plant-based alternatives.
By Distribution Channel
- Quick-Service Restaurants (QSRs) – The leading channel, benefiting from high consumer footfall in shopping malls, urban centers, and food courts. QSRs offer competitive pricing, speed, and convenience, making them the preferred choice for many customers.
- Full-Service Restaurants (FSRs) and Retail – While QSRs lead, dine-in restaurants and supermarket pizza sales are also on the rise, especially in markets where artisanal and premium options are in demand.
Source: https://www.fortunebusinessinsights.com/pizza-market-113456
Market Trends and Growth Drivers
- Digital Transformation in Ordering and Delivery
The adoption of mobile apps, smart kiosks, and AI-based recommendations is reshaping the pizza-buying experience. Contactless delivery, tracking features, and even robotic deliveries are enhancing convenience. - Customization and Premiumization
Consumers are seeking personalized dining experiences. Build-your-own pizza options and premium toppings such as truffle oil, artisanal cheeses, and organic vegetables are becoming mainstream. - Health and Wellness Movement
Growing awareness of nutrition has led to increased demand for gluten-free crusts, whole-grain bases, low-fat cheeses, and plant-based protein toppings. This trend is particularly strong among younger, health-conscious consumers. - Globalization of Flavors
Pizza menus are increasingly reflecting local tastes, with region-specific toppings and sauces. From paneer tikka pizzas in India to feijoada-inspired options in Brazil, brands are tailoring menus to regional preferences. - Sustainability Efforts
Many pizza brands are focusing on eco-friendly packaging, sourcing ingredients locally, and adopting carbon-neutral operations to appeal to environmentally aware customers.
Challenges Facing the Market
Despite its global popularity, the pizza market faces challenges that could slow growth. Rising health concerns linked to fast-food consumption—including obesity, cardiovascular diseases, and diabetes—are leading some consumers to reduce their intake of high-calorie, high-sodium foods. Additionally, fluctuating raw material prices, particularly for wheat, cheese, and meats, can impact profitability.
Opportunities Ahead
The industry still has significant room for innovation. The rise of plant-based meat alternatives presents new opportunities for vegetarian and vegan pizza offerings. Advances in frozen food technology are improving the quality and shelf life of retail pizzas, making them more competitive with fresh options. Furthermore, emerging markets in Asia-Pacific and Latin America remain relatively untapped, with enormous potential for growth as incomes rise and urban lifestyles spread.
Regional Outlook
- North America – Strong digital infrastructure and established QSR networks ensure continued dominance.
- Europe – Growth is driven by artisanal offerings and gourmet trends, with Italy remaining a cultural and culinary hub.
- Asia-Pacific – Expected to post the fastest growth, thanks to urbanization, rising incomes, and the localization of international pizza menus.
- Latin America – Growing tourism, cultural openness to international cuisines, and urban expansion are supporting market growth.
Future Outlook
The future of the pizza market lies in the ability to balance tradition with innovation. Brands that successfully merge authentic recipes with modern technology, cater to evolving dietary needs, and embrace sustainability will remain competitive. As digital engagement increases and delivery infrastructure improves, consumers can expect faster, fresher, and more personalized pizza experiences.
Given its adaptability and universal appeal, pizza’s role in the global foodservice industry is secure. From bustling metropolitan cities to small-town eateries, pizza will continue to be a symbol of comfort, convenience, and cultural fusion—driving the market toward the projected USD 409.50 billion valuation by 2032.
KEY INDUSTRY DEVELOPMENTS
- April 2025: Domino’s Pizza Inc., an American multinational pizza restaurant chain, partnered with DoorDash, Inc., an online food delivery company. The partnership would allow Domino's to reach new consumers through DoorDash Marketplace.
- March 2025: Flynn Group, one of the largest franchise operators in the U.S., acquired franchise rights of 45 Pizza Hut restaurants in Alabama, Georgia, and Tennessee. The acquisition would allow Flynn Group to expand its quick service and fast casual brands.
Market Overview:
The global brewing ingredients market size was valued at USD 122.65 billion in 2024. The market is projected to grow from USD 126.99 billion in 2025 to USD 182.97 billion by 2032, exhibiting a CAGR of 5.36% during the forecast period of 2025-2032. Asia Pacific dominated the brewing ingredients market with a market share of 32.53% in 2024.
LIST OF KEY BREWING INGREDIENTS COMPANIES PROFILED:
- American International Foods, Inc. (U.S.)
- RahrBSG. (U.S.)
- Kerry Group plc. (Ireland)
- AngelYeast Co., Ltd. (China)
- Cargill, Incorporated (U.S.)
- Boortmalt N.V. (Belgium)
- Lesaffre (France)
- Viking Malt (Finland)
- Maltexco S.A. (Chile)
- Lallemand Inc. (Canada)
Rising Popularity of Craft Brewing
One of the most influential trends propelling the brewing ingredients market is the surging interest in craft beer . Across North America, Europe, and Asia-Pacific, consumers are turning toward small-batch, artisanal brews that offer unique flavors, high-quality ingredients, and brand authenticity. This shift away from mass-produced beers has sparked demand for specialty ingredients like unique malt varieties, exotic hops, and customized yeast strains.
Craft brewers continually experiment with new ingredients and fermentation methods to create distinctive sensory profiles. As a result, ingredient suppliers are innovating with flavor-specific malt extracts , high-alpha hops, and enzymes that improve brewing efficiency and flavor stability.
Dominance of Malt Extracts in Ingredient Segments
Malt remains the dominant brewing ingredient, particularly in the form of malt extracts , which are widely used in both commercial and home brewing. Barley malt is the most preferred source, but there is rising interest in non-barley malts like wheat, rye, corn, and oats to produce differentiated products and cater to gluten-free consumers.
The report indicates that malt extract usage is growing steadily, especially among small and medium-sized breweries that seek consistency, scalability, and ease of storage. Moreover, specialty malts are enabling brewers to create complex beer styles such as porters, stouts, and sour ales, which younger, urban consumers increasingly favor.
Source: https://www.fortunebusinessinsights.com/brewing-ingredients-market-112480
Growing Demand for Non-Alcoholic and Functional Beers
Another significant driver reshaping the brewing ingredients market is the rising demand for non-alcoholic and low-alcohol beers . Consumers, particularly in Europe and Asia, are opting for beverages that align with health and wellness goals, including lower calories, no alcohol, and added functional benefits.
This trend has pushed ingredient manufacturers to develop functional yeast strains , fermentation inhibitors, and brewing enzymes that reduce alcohol content without compromising taste. Ingredients such as botanical infusions , vitamins, and probiotics are also being integrated into brewing formulations to cater to the wellness-oriented demographic.
Regional Trends and Asia-Pacific Leadership
Regionally, Asia-Pacific emerged as the leading market in 2024 and is expected to grow at the fastest rate throughout the forecast period. This growth is attributed to increasing beer consumption in countries such as India, China, Japan, and Vietnam , along with the expansion of urban middle-class populations and the influence of Western beer culture.
China, in particular, has witnessed a sharp rise in premium and craft beer consumption, prompting local and international brewers to invest heavily in ingredient sourcing and product innovation. India’s beer industry is also evolving, with a significant uptick in microbreweries and flavored beer variants.
North America and Europe remain mature markets but are focusing more on sustainable brewing practices, organic ingredients, and diversification into non-traditional beer products.
Sustainability and Innovation
Sustainability is gaining momentum in the brewing ingredients market. Brewers and ingredient manufacturers are increasingly turning to locally sourced grains , organic farming methods , and eco-friendly packaging to reduce their environmental footprint. Additionally, innovations in enzyme technologies are helping brewers reduce water and energy consumption during production.
Digitalization is also entering the brewing space. Smart brewing systems, AI-based fermentation monitoring, and blockchain-based ingredient traceability are enabling a more transparent and efficient value chain.
KEY INDUSTRY DEVELOPMENTS
- July 2024: AB Biotek, a subsidiary of AB Mauri, expanded its product portfolio by launching a dry yeast range under its premium brand, Pinnacle. The company launched this product for industrial and craft brewers.
- March 2024: Far Yeast Brewing Co., Ltd., one of the key brewing products manufacturing companies, renewed its standard brands “Far Yeast Tokyo Series” and “Far Yeast Genryu Series” and relaunched its “Far Yeast Series.” These yeast products are developed for brewing applications.
Asia Pacific Processed Meat Market Size, Share, Investment Outlook & Forecast, 2032
By jhon6225, 2025-08-11
Market Overview
The Asia Pacific processed meat market size was valued at USD 34.68 billion in 2024. The market is projected to grow from USD 36.33 billion in 2025 to USD 59.31 billion by 2034, exhibiting a CAGR of 5.60% during the forecast period.
Processed meat refers to meat that has been preserved through salting, curing, smoking, fermentation, or other techniques to enhance its shelf life and flavor. Common examples include sausages, ham, bacon, canned meat, meat snacks, and frozen meat products.
In the Asia Pacific Processed Meat Market , the market for processed meat has evolved considerably, transitioning from being a niche segment to a mainstream category in both urban and semi-urban areas. The rise in modern retail infrastructure, coupled with an increasingly time-starved population, has driven demand for protein-rich, easy-to-prepare meat products.
List of Key Processed Meat Companies in Asia Pacific Profiled:
- Nichirei Corporation (Japan)
- NH Foods Ltd. (Japan)
- JBS S.A. (Brazil)
- CJ CheilJedang Corporation (South Korea)
- ITOHAM YONEKYU HOLDINGS, INC. (Japan)
- Hormel Foods Corporation (U.S.)
- WH Group Limited (China)
- Daesang Corporation (South Korea)
- Charoen Pokphand Foods Public Company Limited (Thailand)
- Ajinomoto Co., Inc. (Japan)
Key Growth Drivers Asia Pacific Processed Meat Market
- Urbanization and Changing Lifestyles
One of the most prominent drivers of the processed meat market in the Asia Pacific is the rapid urbanization occurring across the region. As more people migrate to urban centers for employment, their lifestyles and eating habits are undergoing transformation. The demand for quick, convenient, and nutritious food options has increased significantly, providing a major boost to processed meat products.
- Rise in Middle-Class Income
The expanding middle class in countries like India, China, Vietnam, and Indonesia is fueling the consumption of premium food items, including processed meat. With growing awareness of protein-rich diets and higher purchasing power, consumers are more willing to invest in packaged food, especially meat-based snacks and meals.
- Expansion of Modern Retail and E-commerce
The growth of supermarkets, hypermarkets, and online grocery platforms has greatly enhanced product availability and consumer access to processed meat. Cold chain logistics and efficient distribution networks ensure quality retention and timely delivery, further strengthening consumer trust and brand loyalty.
- Product Innovation and Diversification
Manufacturers in the region are heavily investing in R&D to introduce new product lines, including low-fat , organic , gluten-free , and plant-based alternatives to traditional processed meats. These innovations cater to the evolving health-conscious consumers, particularly millennials and Gen Z populations, who seek better-for-you meat products.
Source: https://www.fortunebusinessinsights.com/asia-pacific-processed-meat-market-112733
Emerging Trends in the Asia Pacific Processed Meat Market
- Rise of Health-Conscious Meat Products
With increasing concern over obesity, heart diseases, and lifestyle-related disorders, consumers are more aware of what they eat. The demand for nitrate-free , additive-free , and low-sodium processed meats is on the rise. Companies are responding by launching clean-label, high-protein products that align with health and wellness goals.
- Premiumization of Processed Meat
In urban centers such as Tokyo, Seoul, and Shanghai, there is a growing preference for gourmet and premium processed meat products. Products such as grass-fed beef jerky, artisanal sausages, and hormone-free deli meats are gaining popularity among affluent consumers.
- Growth in Frozen and Ready-to-Eat Segments
Frozen meat products and ready-to-eat (RTE) meals are gaining traction due to their long shelf life and minimal preparation requirements. The COVID-19 pandemic further accelerated this trend, and it has persisted even post-pandemic due to hybrid work cultures and home-based cooking habits.
- Demand for Sustainable Packaging
Sustainability is a rising concern, and many consumers are actively seeking brands that use eco-friendly, recyclable, or biodegradable packaging . Producers adopting green packaging practices are gaining a competitive advantage in the market.
Challenges to the Asia Pacific Processed Meat Market Growth
Despite the promising outlook, the Asia Pacific processed meat market faces several obstacles:
- Regulatory Complexity : Different countries in the region have varying food safety standards, labeling requirements, and import-export regulations, creating complexities for manufacturers operating across borders.
- Health Concerns : Negative consumer perception regarding artificial preservatives, sodium content, and potential health risks associated with processed meat continues to impact the market.
- Cultural Preferences : In countries like India, a large portion of the population is vegetarian or prefers specific meat types due to religious or cultural beliefs, limiting overall meat consumption.
- Competition from Plant-Based Alternatives : The rise of the plant-based meat industry presents a strong competitive threat, especially among health-focused and environmentally conscious consumers.
Country-Level Highlights
- China : The largest market in Asia Pacific, driven by vast urban populations and high pork consumption. Domestic producers and international brands are actively competing for market share.
- India : Though meat consumption per capita is lower compared to other nations, the growing youth demographic and rising demand for frozen and ready-to-cook meals are encouraging processed meat growth.
- Japan and South Korea : Mature markets with high demand for convenience foods and premium meat products. Innovation and product differentiation are key to success here.
- Southeast Asia : Countries like Vietnam, Thailand, and the Philippines are emerging as high-potential markets due to rapid urban development and young populations.
Future Outlook
The future of the Asia Pacific processed meat market is promising, with growth underpinned by consumer demand for convenience, protein, and innovation. Companies that can offer clean-label, health-oriented, and culturally adapted meat products stand to gain a significant edge.
Investments in cold chain infrastructure , e-commerce logistics , and sustainable practices will further shape the competitive landscape. Additionally, strategic partnerships between global food brands and local players will facilitate deeper market penetration and localization.
KEY INDUSTRY DEVELOPMENTS:
- June 2024: Daesang Corporation expanded its food production capacity in Vietnam to meet the growing local demand for Korean cuisine. The company invested approximately USD 22 million to enhance its production facilities, specifically targeting two plants in northern Vietnam, one in Hai Duong and the other in Hung Yen.
Probiotics in Animal Feed Market Size, Share, Investment Outlook & Forecast, 2032
By jhon6225, 2025-08-11
Market Overview:
The global probiotics in animal feed market is likely to benefit from the increasing awareness regarding animal health welfare. According to a report published by Fortune Business Insights, titled “ Probiotics in Animal Feed: Global Market Analysis, Insights and Forecast, 2019-2032 The global probiotics in animal feed market size was valued at USD 3.56 billion in 2018 and projected to reach USD 9.46 billion by the end of 2032, exhibiting a CAGR of 7.24% in the forecast period.
The benefits of probiotics in animal nutrition has created a high demand for these products across the world. The growing emphasis on animal health and welfare and increasing trend of commercial livestock farming has led to availability of new products in the market place. The growing focus on research and development in probiotics to substitute antibiotic growth promoter feed additives has led to increasing popularity of probiotics in animal feed. The use of probiotics in poultry farming and breeding is expected to enhance the productivity and performance of feed products. The report states that rising uptake of probiotics over various domains will aid the growth of the global probiotics in animal feed market in the forthcoming years.
Key companies covered in the report:
- Hansen A/S
- Danisco A/S
- Koninklijke DSM N.V.
- Lallemand Inc.
- Calpis Co
- Provita Eurotech Ltd
- Orffa International Holding B.V.
- BIOMIN Holding GmbH
- Novus International Inc.
- Evonik Industries
Increasing Applications in Poultry Farming to Enable Growth:
The rising uptake of probiotics in poultry farming has resulted primarily from the increasing demand for the enhanced nutritional health of inbred animals. Rising adoption of a healthy lifestyle has created the demand for clean-label meat and other poultry products. Fortune Business Insights has predicted that probiotics will find increasing applications in poultry farming in the coming years. In 2019, Biomin launched the Poultrystar Hatchery Geldrop aimed at nutritional enrichment of day old chicks. The water solubility of the product helped overcome the food delivery barrier and this property added to the demand for this product across the world. Fortune Business Insights tracks product launches, similar to Biomin’s latest Geldrop and gauges the impact of such products on the global market.
Source: https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018
Probiotics in Animal Feed Market Trends:
The probiotics in animal feed market is being shaped by several key trends. Growing awareness of animal health is leading livestock producers to prioritize gut health and immunity, recognizing the benefits of probiotics in enhancing overall animal well-being. With increasing concerns about antibiotic resistance, there's a shift toward natural alternatives like probiotics, which promote animal health without antibiotics.
Focus on gut health is intensifying, as probiotics help balance gut microbiota, improve nutrient absorption, and reduce digestive disorders. Regulatory bodies are also supporting the use of probiotics, with new guidelines that drive compliance and growth in the market.
Advancements in research are leading to innovations in probiotic strains and formulations, improving product stability and effectiveness. Additionally, the use of probiotics is expanding beyond traditional livestock to include aquaculture and other niche markets, further boosting market growth.
‘Moderately Consolidated’ Market – Strong Prominence of Key Global Giants:
The global probiotics in animal feed market is consolidated in nature, as few companies account for a large market share. High-cost factor associated with R&D for development of probiotic strains for commercial use limits the entry of market players in the industry. In recent years, existing companies have been putting in more efforts in research and development of existing products, and in doing so they aim to strengthen their market presence. Among the several strategies adopted by leading companies, Fortune Business Insights has identified one key strategy that has made a positive impact on the global market. In order to further strengthen the consolidation of industry, companies are looking to shift their focus on emerging markets and to gain a competitive edge over their regional and private-label counterparts. The report focuses on company activities and business strategies similar to the aforementioned factors and gauges their impact on the global market.
Fortune Business Insights has profiled some of the leading companies in the market that have made a significant impact on the global market. Some of the leading companies that are operating in the global probiotics in animal feed market are Chr. Hansen A/S, Danisco A/S, Koninklijke DSM N.V., Lallemand Inc., Calpis Co, Provita Eurotech Ltd, Orffa International Holding B.V., BIOMIN Holding GmbH, Novus International Inc., and Evonik Industries.
Key Industry Development:
- In March 2019, BIOMIN launched POULTRYSTAR hatchery gel drop synbiotic for day-old chicks – it is known to deliver the synergistic action of carefully selected probiotic bacterial strains with a prebiotic that selectively stimulates beneficial bacteria that are essential for good poultry gut health.
Market Size:
The global feed premix market was valued at USD 8.50 billion in 2018 and is projected to grow to USD 21.92 billion by 2032 , registering a CAGR of 6.99% over the forecast period. In 2018, North America led the market , accounting for 28.35% of the total share , driven by increasing demand for high-quality animal nutrition products.
The global feed premix market is expected to gain impetus from the rising demand for balanced feed products, including micronutrients and macronutrients. This information is published in a report by Fortune Business Insights , titled, “ Feed Premix Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast, 2019-2032 .”
The report provides detailed information on the most significant factors of the global feed premix market that include market drivers, obstacles, regional analysis, key market developments, and challenges. It further contains in-depth data on prominent vendors, accurate predictions on change in buyer behavior and future trends.
List of Top Feed Premix Companies
- The Archer Daniels Midland Company
- Koninklijke DSM N.V.
- Nutreco N.V.
- Cargill, Incorporated (Provimi)
- Purina Animal Nutrition LLC
- Kemin Industries
- Land O’lakes, Inc.
- De Heus Animal Nutrition
- Alltech, Inc.
- Zinpro Corporation
- Novus International, Inc.
- Lexington Enterprises Pte. Ltd.
Source: https://www.fortunebusinessinsights.com/industry-reports/feed-premix-market-101543
Report Coverage:
Feed premix is a blend of essential nutrients such as minerals, vitamins, amino acids, and antibiotics, formulated to enhance animal nutrition. To qualify as a feed premix, at least two of these components must be present. Since micronutrients like minerals and vitamins are not naturally found in animal feed, their incorporation has become essential for optimal animal growth and health.
The feed premix market report offers both qualitative and quantitative insights, covering market size, growth trends, and segment analysis. It also provides an in-depth examination of market dynamics and the competitive landscape, highlighting key aspects such as the animal feed industry overview, health benefits of feed premixes, technological advancements, and regulatory frameworks in key regions. Additionally, the report outlines strategies adopted by market leaders, offering a comprehensive view of industry trends and company profiles, making it a valuable resource for stakeholders in the feed premix industry.
Vitamin Premix to Dominate Market Due to Rising Demand from Commercial Livestock Farms
Regarding classification, the worldwide market for feed premix is divided into four main categories: antibiotics, vitamins, amino acids, and minerals. Specifically, in 2018, the vitamin category captured 57.7% of the global feed premix market. The analysis predicts that this segment will maintain its dominant position over the next few years, thanks to its substantial market share. This is attributed to the growing demand for feed enriched with vitamins, particularly from the expanding number of commercial livestock operations, which also aids in enhancing the animals' immune systems. These elements are projected to drive the segment's expansion in the future.
Provimi Jordan Develops Technologically Advanced Animal Nutrition Premix Plant
Cargill, a privately held global corporation, based in the U.S., announced that its animal nutrition business, Provimi Jordan inaugurated an advanced animal nutrition premix plant in Jordan in April 2019. The main aim of creating the plant is to offer sustainable and safe solutions to meet the changing demand of feed producers and farmers in the Middle East. The state-of-the-art plant possesses a production capacity of approximately 65,000 metric tons of premix per year. Moreover, it features a technologically advanced whole-process barcode record management system. It aids in enhancing full-traceability from raw materials to finished products. The plant combines a team of highly skilled nutritionists with an adjacent animal nutrition lab that is resulting in the creation of a unique platform for the company to enhance sustainable farming practices.
DSM Opens its Second Premix Plant in India to Cater to the Rising Consumer Demand
In October 2018, DSM, a leading company specializing in the fields of health, nutrition, and materials, headquartered in Netherlands, unveiled its second animal nutrition and health premix plant in India. The plant is situated in Jadcherla in Mahbubnagar. DSM promised that the plant would aid in offering premix solutions for the fields of aquaculture, dairy, and poultry to fulfill the ever-increasing consumer demand in the southeastern regions of the country. Its first premix plant is located at Ambernath in Maharashtra.
INDUSTRY DEVELOPMENTS
November 2024: ADM's innovative plant-based concepts won two awards at FoodBev's 2024 Plant-Based Taste Awards, highlighting the company's leadership in alternative protein solutions.
May 2023: DSM and Firmenich merged to form DSM-Firmenich, creating a global leader in health, nutrition, and bioscience. This strategic move combines DSM's scientific expertise with Firmenich's fragrance and taste capabilities.
Market Overview
The global honey market size was valued at USD 8.94 billion in 2023 and is projected to grow from USD 9.40 billion in 2024 to USD 15.59 billion by 2032, exhibiting a CAGR of 6.52% during the forecast period 2024-2032. Moreover, the honey market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.89 billion by 2032, driven by the growing number of beekeepers in the country, coupled with rising demand for natural sweeteners. Asia Pacific dominated the honey market with a market share of 100% in 2023.
List of Key Companies Profiled in the Report:
- Bee Maid Honey Limited (Canada)
- Comvita Limited (New Zealand)
- Capilano Honey Ltd. (Australia)
- Dabur India Ltd. (India)
- Billy Bee Honey Products (Canada)
- New Zealand Honey Co. (New Zealand)
- Barkman Honey LLC (U.S.)
- Yamada Bee Company (Japan)
- Dutch Gold Honey Inc. (U.S.)
- Golden Acres Honey (Canada)
Industry Trends:
Growing Demand for Organic Products: Consumers in developed markets such as Europe, the U.S., and Japan are increasingly opting for organic honey, reflecting a broader shift toward clean-label and natural products.
Innovation in Health and Wellness: New honey-based health products, including supplements and functional beverages—like Singapore’s “Honey Exir”—are expanding the market’s reach and appeal.
Technological Advancements: Automation in honey extraction and filtration processes is enhancing product quality and operational efficiency across the supply chain.
Post-Pandemic Health Consciousness: Increased awareness of honey’s antiviral and immune-boosting properties has led to a notable rise in consumption following the COVID-19 pandemic.
Source: https://www.fortunebusinessinsights.com/industry-reports/honey-market-100551
Segments
Buckwheat Segment to Dominate Attributable to High Nutritional Value
By type, the market is segmented into alfalfa, buckwheat, wildflower, clover, acacia, and others. The buckwheat segment is expected to dominate due to its high nutritional value.
Food & Beverage Segment to Dominate Attributable to its Increasing Applications
Based on application, the market is classified into food & beverages, personal care & cosmetics, pharmaceuticals, and others. The food & beverage segment is expected to dominate due to its increasing applications.
Bottle Segment to Lead Owing to Easy Transportation
By packaging, the market is categorized into glass jar, bottle, tub, tube, and others. The bottle segment is expected to lead the market due to its easy transportation.
Regionally, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
The report gives an in-depth view of the leading segments and the latest trends in the market. It looks at what is driving market growth and what is hindering it, including the impact of COVID-19. It also discusses developments in various regions and the strategies used by major companies in the market.
Market Growth
The global honey market is steadily growing, driven by increasing consumer awareness of honey’s health-promoting properties, such as its antioxidant, anti-inflammatory, and antibacterial effects. As a natural alternative to refined sugars and artificial sweeteners, honey is gaining popularity, especially in the food and beverage sector. Its therapeutic qualities are also boosting demand in the cosmetics and pharmaceutical industries. Premium varieties like manuka and organic honey are seeing a surge in popularity, often fetching higher prices. Furthermore, the rise of e-commerce and global trade is helping to fuel the market’s continued expansion.
Drivers and Restraints
Rising Adoption of the Product for Natural Sweeteners Production to Foster Market Growth
Honey is widely regarded as a healthier alternative to sugar, valued for its healing properties like soothing sore throats and supporting immune health. With a growing number of consumers choosing honey as a natural sweetener, demand is projected to increase. Health-conscious lifestyles, rising incomes, and a shift toward organic products are all contributing to its growing popularity. Additionally, honey’s applications in medicine are expected to boost sales further.
However, potential changes or adulteration of the product could present challenges to sustained market growth.
Regional Insights
Rising Production of Nectar to Propel Market Growth in Asia Pacific
Asia Pacific is expected to lead the honey market due to its high production levels. In 2021, the market in this region was valued at USD 2.86 billion and is projected to capture a large share of the global market in the coming years. Government investments in beekeeping are also likely to boost market growth. For instance, in May 2020, the Indian government allocated nearly USD 68 million for beekeeping under the Atma Nirbhar Bharat initiative.
In Europe, increasing awareness of honey's health benefits is expected to drive its adoption. Changing consumer preferences and a rise in the consumption of organic products may further promote market growth.
In North America, the growing number of beekeepers in Canada and the U.S. is expected to increase product demand. Additionally, strong demand for organic products is enhancing industry growth.
Competitive Landscape
Companies Devise Novel Product Launches to Elevate Brand Image
Top companies are releasing new products to boost their brand image and increase sales. For instance, in January 2022, Tayima Foods launched I'M HONEY, an organic and raw honey in various flavors with significant medicinal benefits. This product is sold on online platforms like Amazon and is anticipated to increase Tayima's sales and expand their global reach. Moreover, companies are also focusing on mergers, partnerships, expansions, and research and development to fuel market growth.
Honey Market Outlook
- Growing demand: Global demand for honey is on the rise. Consumers are increasingly aware of the health benefits and natural muscle tone.
- Health notes: Honey is often considered a healthy alternative to refined sugar. This trend is leading more people to choose honey in their diet.
- Sustainability focus: More focus on sustainable and organic products. Beekeeping, which supports environmental health, is on the rise.
- Product innovation: New products such as fermented foods and beverages are emerging. This diversity of brands creates widespread appeal and increases sales.
KEY INDUSTRY DEVELOPMENTS:
January 2024: Apis India launched organic honey, which is made of honey sourced from organic-certified lands in India.
March 2023: Bagrrys India, a leading honey manufacturer, launched Bagrry’s Organic Wild Honey. The product is available in glass jars across all retail outlets in the country.