What Role Does Animal Health Play in the Growth of the Animal Feed Probiotics Market to $6.07 Billion by 2029?
By Mayu14, 2024-11-25
Meticulous Research®, a globally recognized market intelligence firm, has released its latest study, “ Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography—Global Forecast to 2029.” According to the report, the probiotics in animal feed market is poised to grow at a CAGR of 7.1%, reaching $6.07 billion by 2029.
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Key Market Growth Drivers
1. Increasing Demand for Animal Protein:
As the global population rises, so does the demand for high-quality animal protein, spurring the need for effective feed solutions.
2. Probiotics as Antibiotic Alternatives:
Concerns over antibiotic resistance have led to a surge in probiotic adoption as natural growth promoters, ensuring animal health and productivity.
3. Rising Incidence of Intestinal Disorders in Livestock:
Probiotics are gaining traction due to their role in improving gut health and preventing diseases in animals.
4. Growth in Compound Feed Production :
The increased industrialization of livestock farming has bolstered the production of compound feed fortified with probiotics.
Market Opportunities and Challenges
The transition to natural growth promoters presents significant opportunities for industry players. However, stringent regulatory frameworks concerning probiotic applications in animal feed may impede growth.
Segment Highlights
1. By Source – Bacteria Lead the Way:
In 2022, bacterial strains, including Lactobacillus and Bacillus, held the largest share due to their benefits in digestion, immunity, and animal performance.
2. By Animal Type – Aquaculture Booming:
The aquaculture segment is expected to witness the highest CAGR, driven by the need for safe and nutritious feed for farmed fish and shrimp.
3. By Form – Liquid Dominance:
Liquid probiotics accounted for the majority share in 2022, owing to their fast absorption rates and ease of digestion.
4. Regional Insights – Asia-Pacific Leads Growth:
The Asia-Pacific region is projected to grow at the fastest rate, fueled by innovations in probiotic formulations, rising consumer awareness, and stringent regulations on antibiotic use.
Leading Companies in the Spotlight
Prominent players shaping the market landscape include: The Archer-Daniels-Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Dupont de Nemours, Inc. (U.S.), Evonik Industries AG (Germany), Koninklijke DSM N.V. (Netherlands), Orffa International Holding B.V. (Netherlands), Novozymes A/S (Denmark), Kemin Industries (U.S.), and Provita Eurotech Ltd (U.K.). These industry leaders are pivotal in fostering growth through their dedication to research, innovation, and strategic expansion.
Conclusion
According to Meticulous Research®, the animal feed probiotics market is on a robust growth trajectory, driven by increased demand for quality feed solutions, advancements in probiotic formulations, and a trend towards natural growth promoters. While regulatory challenges may exist, the market's resilience highlights the ongoing demand for probiotic feed solutions that prioritize animal health and sustainability, ensuring continued growth in this vital sector.
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The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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How Are Technological Advances Driving the Black Mass Recycling Market Toward $8.87 Billion by 2030?
By Mayu14, 2024-11-25
Meticulous Research®, a leading global market research company, has released its latest report, “ Black Mass Recycling Market by Battery Source (Automotive Batteries, Industrial Batteries), Battery Type (Li-ion Battery, Nickel–metal Hydride Battery), Recycling Process (Pyrometallurgical Process, Hydrometallurgical Process) - Global Forecast to 2030.” According to the report, the market is expected to reach $8.87 billion by 2030, growing at a CAGR of 19.1%.
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Market Drivers and Opportunities
The black mass recycling market is experiencing robust growth due to several factors:
• Government initiatives and technological advancements to enhance battery recycling processes.
• A rising need to manage used battery disposal, addressing environmental concerns.
• Expansion in battery manufacturing, particularly for electric vehicles and portable electronics.
• Government incentives that promote battery recycling and material recovery.
However, challenges like inadequate recycling infrastructure and fluctuating raw material prices persist. Nevertheless, advancements in recycling technologies and growing investments in lithium-ion battery recycling present promising growth opportunities.
Key Market Segments
1. Battery Source:
o The market is segmented into automotive, industrial, portable batteries, and others.
o The industrial batteries segment dominates in 2024, driven by their critical role in ensuring uninterrupted operations and powering portable devices.
2. Battery Type:
o Segments include li-ion, nickel–metal hydride, nickel cobalt manganese, and others.
o The li-ion battery segment leads, driven by high demand for lithium, cobalt, and nickel recovery, and its application in EVs and electronics.
3. Recycling Process:
o Segments cover pyrometallurgical, hydrometallurgical, and other processes.
o The pyrometallurgical process holds the largest share in 2024 due to its efficiency and ability to recover valuable materials.
Regional Insights
Asia-Pacific leads the black mass recycling market, with factors such as:
• Strong government policies for recycling.
• A booming consumer electronics market.
• High demand for EVs and lithium-ion batteries.
Europe and North America also represent significant markets, driven by environmental regulations and advanced recycling infrastructure.
Key Players
Leading companies in the market include: BASF SE (Germany), Umicore SA (Belgium), Tenova S.p.A. (Italy), Li-Cycle Holdings Corp. (Canada), Lithion Recycling Inc. (Canada), AkkuSer Oy (Finland), Duesenfeld GmbH (Germany), Aqua Metals Inc. (U.S.), SungEel Hi-Tech. Co., Ltd. (South Korea), Fortum Corporation (Finland), Redux GmbH (Germany), Green Li-ion Pte Ltd. (Singapore), Tata Chemicals Limited (India), Attero Recycling Pvt. Lyd. (India), Exigo Recycling Pvt. Ltd. (India).
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The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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What Role Does Sustainability Play in the Growth of the Pharmaceutical Processing and Packaging Equipment Market to $30.8 Billion by 2031?
By Mayu14, 2024-11-25
Meticulous Research®, a globally recognized market intelligence firm, has released its latest comprehensive report titled " Pharmaceutical Processing and Packaging Equipment Market Size, Share, Forecast, & Trends Analysis by Formulation, Secondary Packaging, End-of-line Packaging—Global Forecast to 2031." This publication sheds light on the promising growth trajectory of the pharmaceutical processing and packaging equipment market, projected to reach an impressive $30.8 billion by 2031, at a steady CAGR of 5.3% during the forecast period.
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Market Dynamics
The escalating prevalence of chronic and infectious diseases, coupled with the rising demand for generic medications and biopharmaceuticals, is a primary growth driver for the pharmaceutical equipment industry. Key factors fueling this momentum include:
• Increased Pharmaceutical R&D Expenditures: Enhanced investments in drug discovery and development are catalyzing demand for advanced processing and packaging technologies.
• Evolving Patient Needs: Personalized medicine and self-medication trends have prompted manufacturers to innovate flexible and automated solutions.
• Regulatory Stringency: Compliance with global pharmaceutical standards demands high-quality equipment, driving growth.
Despite these opportunities, the growing inclination toward refurbished equipment poses a challenge to new equipment adoption.
Regional Insights
In 2024, North America is forecasted to dominate the global landscape, holding a 35.9% market share. This commanding position is attributed to significant pharmaceutical spending, government initiatives fostering domestic production, and robust export capabilities. Europe and Asia-Pacific closely follow, propelled by technological advancements and burgeoning healthcare needs.
Industry Leaders
Prominent companies shaping the industry include: ACIC Pharmaceuticals, Inc. (Canada), Bausch+Ströbel (Germany), IDEX Corporation (U.S.), JECKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Körber AG (Germany), KORSCH AG (Germany), Mettler-Toldeo International, Inc. (U.S.), MAQUINARIA INDUSTRIAL DARA, SL (Spain), Marchesini Group S.p.A. (Italy), Optel Group (Canada), OPTIMA packaging group GmbH (Germany), Syntegon Technology GmbH (Germany), Wenzhou Trustar Machinery Technology Co., Ltd (China), SaintyCo (China), ACG (India), ANTARES VISION S.p.A. (Italy), BREVETTI CEA S.P.A. (Italy), Cadmach Machinery Co. Pvt. Ltd (India), CAM Packaging IT (Italy), Coesia S.p.A. (Italy), Fette Compacting (Germany), Freund Corporation (Japan), GEA Group (Germany), Glatt GmbH (Germany). These organizations are pivotal in developing innovative solutions that align with market demands.
Processing Equipment Market Share
By 2024, processing equipment is projected to account for 51.8% of the market share. This significant share is due to the growing preference for oral liquid dosages, particularly among geriatric and pediatric populations, which drives demand for processing equipment.
Geographical Market Distribution
The report evaluates key geographic markets, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to command the largest market share at 35.9% by 2024, driven by increased pharmaceutical expenditure and supportive government initiatives. The pharmaceutical industry’s expansion plans to meet future demand are likely to further enhance the demand for processing and packaging equipment in the region.
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The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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What Challenges Could Hinder the Human Nutrition Market From Reaching $189.2 Billion by 2030?
By Mayu14, 2024-11-25
Meticulous Research® has recently unveiled its comprehensive report titled, ‘ Human Nutrition Market by Type (Vitamins, Proteins, Minerals, Fatty Acids, Carbohydrates), Application (Functional Food, Functional Beverages, Dietary Supplements), Population (Geriatric, Pediatric, Maternal) and Geography - Global Forecast to 2030.’ This detailed study highlights the remarkable growth trajectory of the global human nutrition market, forecasted to achieve $189.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030.
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The human nutrition market's expansion is attributed to evolving health-conscious consumer behavior, increasing demand for fortified food products, and the escalating prevalence of chronic diseases. Additionally, innovations and product launches by leading market players are expected to unlock significant opportunities for growth. However, regulatory challenges and product pricing are likely to present hurdles.
Market Dynamics
• Key Drivers:
The market’s growth is primarily fueled by:
o Rising adoption of health and wellness trends
o Growing demand for vitamin and mineral-enriched foods
o Increasing applications in dietary supplements and infant nutrition
• Challenges:
The market faces challenges such as stringent regulatory frameworks and the high costs associated with premium nutritional products.
Segment Highlights
1. By Type:
The vitamins segment dominated in 2023, driven by growing awareness of vitamin deficiencies and demand for fortified foods. Water-soluble vitamins, particularly Vitamin C and B-complex variants, were the most sought-after.
2. By Application:
Functional beverages are projected to be the fastest-growing segment. Rising consumer preference for sports and energy drinks, particularly in emerging markets, underscores this growth.
3. By Population Category:
The geriatric segment is expected to maintain its lead in the market, owing to increasing healthcare needs among older adults and a focus on enhancing immunity and digestion.
4. By Region:
North America accounted for the largest market share in 2023, supported by a well-established nutraceutical industry, high R&D investments, and rising awareness of health-focused lifestyles.
Competitive Landscape
The global human nutrition market is moderately competitive, featuring prominent players such as Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), and BASF SE (Germany). These companies continue to lead through innovations and strategic expansions.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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What Challenges Must Be Overcome for the High-intensity Sweeteners Market to Be Worth $5.37 Billion by 2034?
By Mayu14, 2024-11-21
Meticulous Research® has recently published a report titled " High-Intensity Sweeteners Market Size, Share, Forecast, & Trends Analysis by Product, Type, Form, Application - Global Forecast to 2034." This comprehensive study highlights that the global high-intensity sweeteners market is projected to reach $5.37 billion by 2034, with a steady CAGR of 5% over the forecast period of 2024–2034. In terms of volume, the market is expected to hit 110,871 tons by 2034, growing at a CAGR of 2.9% from 2024 to 2034.
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Market Drivers and Trends
The primary drivers of the high-intensity sweeteners market include the increasing demand for functional foods, the rising prevalence of health conditions like diabetes and obesity, growing consumer interest in natural products, and higher taxes on sugar-sweetened beverages. Additionally, the market is expected to benefit from the increasing adoption of these sweeteners in emerging economies and expanded investments in research and development for sugar-free alternatives.
However, the market faces significant challenges such as stringent government regulations, potential health concerns linked to sugar substitutes, and fluctuating raw material prices. Moreover, product labeling and health claims pose regulatory hurdles that could limit the growth of the market.
Key Players in the Market
Several prominent companies are operating in the high-intensity sweeteners market, including Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), The NutraSweet Co. (U.S.), Ajinomoto Co., Inc. (Japan), HSWT France SAS (France), and many more.
Market Segmentation
The market is segmented by product, type, form, application, and geography. Key product categories include stevia (Rebaudioside A, D, M, and other forms), sucralose, aspartame, acesulfame-K, neotame, saccharin, and Luo Han Guo (monk fruit), among others. In 2024, the stevia segment is expected to hold the largest market share of 23.3%, driven by the growing consumer preference for natural ingredients and clean-label products.
The natural high-intensity sweeteners segment is poised to grow at the fastest rate of 7.2% during the forecast period. This surge is attributed to the increasing consumer awareness of the health benefits of natural sweeteners and the rising production of stevia and other plant-based alternatives by leading food and beverage companies.
Form and Application Insights
In terms of form, the solid form is expected to dominate the market with a share of 88.3% in 2024. Solid sweeteners offer advantages such as easy handling, extended shelf life, and cost-effectiveness in production, which contribute to the growth of this segment. The food application segment is expected to witness the highest growth rate of 5.9% during 2024–2034, driven by the growing demand for healthier food options and changing consumer preferences for low-calorie and sugar-free products in baked goods, confectioneries, and other processed foods.
Regional Analysis
Geographically, North America is expected to account for the largest share of the high-intensity sweeteners market, with an estimated market size of $1.43 billion in 2024. The region's dominance is attributed to the high prevalence of obesity and diabetes, increasing health-consciousness among consumers, and a well-established food and beverage industry that drives the demand for sugar-free alternatives.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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How Are Construction Projects Fueling the Geotextiles Market to Be Worth $18.1 Billion by 2031?
By Mayu14, 2024-11-21
Meticulous Research®, a renowned global market research firm, has released an insightful report titled, " geotextiles market by Material (Synthetic, Natural), Product Type (Woven, Non-woven, Knitted), Application (Drainage, Separation, Erosion Control), Sector (Road Construction, Agriculture, Mining), and Geography - Global Forecast to 2031." The study projects the geotextiles market to grow significantly, reaching a valuation of $18.1 billion by 2031, with a CAGR of 8.8% during the forecast period (2024–2031).
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Market Drivers and Restraints
The growth of the geotextiles market is propelled by the surge in construction activities across developing economies, increased investments in nonwoven geotextiles, and stringent environmental regulations. Innovations in geotextile materials and a growing inclination towards bio-based geotextiles further open lucrative opportunities for market players. However, challenges such as fluctuating raw material prices and limited technical expertise in emerging markets are hurdles to the sector's progress.
Segmentation Highlights
1. By Material
The geotextiles market is divided into synthetic and natural materials. Synthetic geotextiles are anticipated to dominate in 2024, accounting for over 87% of the market share. The segment's significant share is attributed to its cost-effectiveness, widespread application in road building, drainage systems, and erosion control, and growing infrastructure development. Innovations like Tensar International Corporation's (U.K.) InterAx geogrids in 2021 emphasize the advancements in synthetic solutions.
2. By Product Type
The product type segmentation includes woven, non-woven, and knitted geotextiles. In 2024, non-woven geotextiles are expected to lead with over 66% market share, driven by their lightweight, flexible nature, and ease of installation. Non-woven geotextiles are cost-efficient, making them ideal for applications like landfill construction and retaining walls. Companies like Willacoochee Industrial Fabrics, Inc. (U.S.) are investing heavily in expanding nonwoven geotextile production, further bolstering the segment's growth.
3. By Application
The geotextiles market is categorized into separation, drainage, reinforcement, filtration, erosion control, protection, asphalt overlays, and others. The asphalt overlays segment is set to hold the largest share of over 24% in 2024, driven by the need for improved road infrastructure and sustainable construction practices. However, the drainage segment is expected to register the highest growth, fueled by the rising demand for stormwater management solutions and regulations promoting sustainable urban planning.
4. By Sector
Among various sectors like road construction, agriculture, mining, and more, the road construction segment is projected to lead with a 45% share in 2024. This growth stems from rising investments in infrastructure and increasing adoption of sustainable construction practices. Notably, Singhal Industries Pvt. Ltd. (India) introduced innovative geotextile fabric in 2023 to enhance the quality of unpaved roads. Meanwhile, the building construction sector is anticipated to exhibit the fastest growth, supported by the global population's demand for new housing and commercial spaces.
Regional Insights: Asia-Pacific is forecasted to account for over 51% of the market share in 2024, driven by rapid urbanization, infrastructure development, and stringent environmental regulations. The region is also expected to witness the highest CAGR of over 10% during the period. Key developments, such as Freudenberg Performance Materials' (Germany) expansion in Changzhou, China, underscore the region's market potential.
Key Players in the Market: Prominent players shaping the geotextiles market include Officine Maccaferri Spa, Koninklijke Ten Cate B.V., and HUESKER Synthetic GmbH, among others, leading innovation and supporting sustainable infrastructure solutions.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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What Opportunities Are Present in the Botanical Supplements Market to Reach $81.6 Billion by 2031?
By Mayu14, 2024-11-21
Meticulous Research®, a leading global market research company, has released a comprehensive report titled “ Botanical Supplements Market —Global Opportunity Analysis and Industry Forecast (2024–2031).” According to the report, the botanical supplements market is poised to grow significantly, reaching a valuation of $81.6 billion by 2031 at a CAGR of 6.9% during the forecast period.
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Market Growth and Key Drivers
The rising awareness of health and wellness, an increasing vegan and vegetarian population, and growing demand for natural or organic supplements are some of the primary factors driving market growth. Furthermore, product innovation among botanical supplement manufacturers is accelerating this trend.
However, the market also faces challenges, including high product costs, competition from substitutes, and strict regulatory requirements. Additionally, fluctuations in raw material availability remain a concern for manufacturers. Despite these hurdles, emerging opportunities in developing economies and the growing trend of clean-label products are expected to bolster the market.
Segment Highlights
• Source: Spices are projected to dominate the market in 2024 due to their numerous health benefits. For instance, turmeric, rich in curcumin, offers anti-inflammatory properties and potential therapeutic effects for diseases like cancer.
• Form: Tablets are expected to hold the largest market share in 2024. Their popularity stems from convenience, ease of consumption, and advancements in tablet production technologies.
• Application: The energy & weight management segment is anticipated to lead the market, driven by the increasing prevalence of cardiovascular diseases, diabetes, and obesity. Supplements such as green tea extract and garcinia cambogia are gaining popularity for their weight management and energy-boosting properties.
• Distribution Channel: Drug stores and pharmacies are predicted to dominate, offering professional advice and easy access to reputable brands that meet safety standards.
Regional Insights
North America is forecasted to dominate the botanical supplements market, followed by Asia-Pacific and Europe. Factors contributing to North America’s large market share include growing awareness of health benefits, increasing prevalence of chronic conditions, and a rising preference for natural dietary solutions.
Key Players
Prominent players in the market include Dabur India Limited (India), Nature’s Bounty (U.S.), Ricola AG (Switzerland), BASF SE (Germany), The Himalaya Drug Company (India), and GNC Holdings Inc. (U.S.), among others. These companies are leveraging innovation to develop new products and cater to the growing consumer demand for botanical supplements.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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How Are Technological Advancements Supporting the Savory Ingredients Market to Reach $13.38 Billion by 2031?
By Mayu14, 2024-11-21
Meticulous Research®, a leading market intelligence firm, has published its latest report, " Savory Ingredients Market —Global Opportunity Analysis and Industry Forecast (2024–2031)". According to the report, the savory ingredients market is poised to grow significantly, reaching $13.38 billion by 2031 at a CAGR of 5.7% from 2024 to 2031.
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Market Growth Drivers: The growth in the savory ingredients market is being driven by:
• Rising demand for convenience foods as consumers seek ready-to-eat options for their fast-paced lifestyles.
• Shift towards healthier alternatives, with a growing preference for naturally sourced savory ingredients.
• Increasing applications of savory ingredients in diverse food categories, including sauces, snacks, and baked goods.
However, challenges such as high raw material costs and stringent regulatory requirements are restricting market expansion.
Opportunities and Trends: Emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa provide lucrative opportunities for market players. Additionally, the rising demand for functional ingredients and clean-label products highlights a significant trend shaping the market.
Key Players Driving Innovation: The competitive landscape features a mix of global and regional players, including: Ajinomoto Co., Inc. (Japan), AngelYeast Co., Ltd. (China), Kerry Group plc (Ireland), Vedan International (Holdings) Limited (Hong Kong), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), DSM-Firmenich AG (Switzerland), Givaudan SA (Switzerland), Associated British Foods plc (U.K.), Lesaffre (France), Synergy Flavors, Inc. (U.S.), Ohly GmbH (Germany), and SPAC Starch Products (India) Private Limited (India). These companies are investing in product innovation, catering to the growing demand for natural and functional savory ingredients.
Key Segment Insights
• Ingredient Type: The monosodium glutamate (MSG) segment is expected to dominate, accounting for 55.4% of the market in 2024. Its cost-effective flavor-enhancing properties and widespread use in processed foods drive this growth.
• Source: Synthetic savory ingredients are set to maintain a significant market share due to their enhanced stability and cost-effectiveness compared to natural options.
• Form: The powder segment leads the market with its versatility, longer shelf life, and uniform flavor distribution.
• Application: The food & beverages segment dominates, supported by evolving lifestyles and the growing popularity of international cuisines.
Regional Outlook: Asia-Pacific leads the market, with an anticipated market share of 62.9% in 2024. Factors such as rapid urbanization, expanding food processing industries, and the popularity of international cuisines drive growth in this region
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research