Fact.MR, a market research and competitive intelligence provider, has published a new report anticipating that the global flavoured syrup market will succeed $6.6 billion in value by 2021 and expand to a CAGR of 5 per cent between 2021 and 2031. Read more
According to a new analysis from Fact.MR, the global commercial seaweed market is forecast to reach US$15 billion between 2019 and 2029, with their increasing end use promoting cultivation in European and North American areas. Read more
A report from Fact.MR has observed demand is steadily growing for insoluble fibre in functional food and beverage end use and is projected to showcase the same pace over the coming years. Read more
A recent report from Fact.MR has indicated the global processed cheese market will grow to register a CAGR of 4.4 per cent between 2021 and 2029. Read more
The nutraceutical supplements market is projected to account for over $112 billion in 2019, according to a new Fact.MR study. Overall growth of the nutraceutical supplements market can be attributed to:
- Increasing adoption of nutraceutical supplements as pharmaceutical alternatives.
- Increasing healthcare costs and rising consumer preference for simple and over-the-counter medicines.
- Significant R&D investments in identifying the role of nutraceutical supplements in important health conditions such as obesity, cancer, cardiovascular diseases, diabetes and neurodegenerative diseases.
According to the study, demand for prebiotics and probiotics dietary supplements is rising rapidly and projected to register over 10 per cent y-o-y in 2019. Increasing awareness regarding the use of probiotics to maintain good health and to reduce the risk of multiple diseases has led to a significant demand for prebiotics and probiotics as dietary supplements.
Vitamins and minerals supplements will continue to witness a significant demand in the coming years. The estimations find that vitamins and minerals supplements are expected to hold over 36 per cent of the overall share of the nutraceutical supplements market in 2019. Being the most commonly consumed dietary supplements, vitamins and minerals supplements consumption is expected to grow steadily throughout the forecast period.
Herbal supplements and protein and amino acid supplements are projected to register comparable market revenues. Collectively, these segments will account for half the revenue share in 2019. Increasing preference for natural ingredients has led to a significant demand for herbal supplements.
The study finds that protein and amino acid supplements revenues are expected to grow at an impressive y-o-y of 8.7 per cent in 2019. Rising levels of dietary protein intake in daily consumption are responsible for the rising sales of protein & amino acid supplements.
Fact.MR studied demand-supply scenario of different forms of nutraceutical supplements available. The study reveals that demand for the softgel form of nutraceutical supplements remained higher in the past few years and the status quo will be maintained in the coming years. In 2019, demand for softgels is projected to generate revenues worth over one fourth of the global revenues.
Owing to the superiority in delivery format and enhanced bioavailability, demand for softgels will continue to grow steadily in the future. Liquid is another form which is highly preferred by consumers for nutraceutical supplements intake. Fact.MR finds that demand for liquid will closely follow softgels in the coming years.
The market projections also cover increasing consumer preference for capsule and tablets on the back of increasing demand for vegetarian clean-labelled capsules and ongoing innovation in the capsule and tablet manufacturing technologies. Based on these industry trends, study opines that capsules and tablets will register faster growth at nearly 10 per cent y-o-y in 2019.
The study finds that according to consumer orientation, sales of unisex nutraceutical supplements have spearheaded the market revenues for many years. In 2019, the trend will continue and the sales of unisex nutraceutical supplements will occupy nearly two fifth of global revenues. Further, despite lower revenues, nutraceutical supplements for kids will witness rising demand and an impressive growth rate in 2019.
Fact.MR’s study of nutraceutical supplements distribution network reveals that drug stores will remain a preferred choice for nutraceutical supplements purchase among consumers. This channel accounted for two fifth of the nutraceutical supplements market share in 2018.
Apart from the traditional sales channel, rising consumer preference for online purchase is likely to register rising sales of nutraceutical supplements in the future. Also, consumer purchase of nutraceutical supplements through convenience stores is increasing rapidly and registered growth at nearly 11 per cent in 2018.
The study estimates that North America held nearly 30 per cent of nutraceutical supplements market share in 2018. As the prevalence of nutrition deficiencies continues to rise, Americans are highly dependent on dietary supplements to maintain good health.
While Europe represented the second largest market for nutraceutical supplements in 2018, developing regions including Latin America and APEJ reported rapid expansion of nutraceutical supplements market. APEJ registered nearly US$ 16 billion nutraceutical supplements market and grew at nine per cent y-o-y in 2018.
According to the report, the nutraceutical supplements market is projected to grow at seven per cent CAGR (compound annual growth rate) during forecast period, 2018-2027.
Global consumption of emulsion stabiliser for beverages is foreseen to surpass 210,000 tonnes in 2018, up from almost 200,000 tonnes in 2017, a Fact.MR valuation reveals.
The market is poised to grow at a moderate compound annual growth rate of 4 per cent during the forecast period of 2018-2028.
Buoyancy in the global food and beverage industry is likely to contribute to the steady growth of the market, the report said.
Owing to the presence of a huge number of small market players, the marketplace remains highly fragmented.
Fact.MR estimates that the emulsion stabiliser for the beverage market will surpass $2.4 billion by the end of 2028.
Apart from their popular use as an emulsifier, the food and beverage sector uses emulsion stabilisers for multiple functions such as texture integrity, viscosity modifications, and taste preservation.
Owing to their high vulnerability to spoilage, the beverage industry highly consumes emulsion stabilisers.
The study shows that gum acacia remains the highly preferred emulsion stabiliser among beverage manufacturers, owing to more than a three-fold price difference when compared with other counterparts such as pectin, gellan gum and carrageenan.
Global consumption of gum acacia is expected to reach nearly 105,000 tonnes and account for about 35 per cent of the total consumption by 2028.
With its superior physio-chemical characteristics, pectin is estimated to register the second largest demand for emulsion stabiliser during the forecast period.
In terms of value, pectin will report the largest revenues worth more than $1 billion by the end of 2028.
Beverage manufacturers persistently seek beverage formulators for establishing commercial formulations of beverages which can be easily reproduced for mass production.
The marketplace continues to witness demand for individual stabilisers and blends or mix of stabilisers.
In a bid to optimise raw material cost, beverage manufacturers seek stabiliser blends wherein better performance is obtained by mixing properties of premium and low-cost stabilisers. Demand for individual and stabiliser blends remains highly concentrated in the carbonated soft drinks.
The study predicts that carbonated soft drinks will continue to register leading demand for emulsion stabilisers.
By 2028, carbonated soft drinks are expected to hold more than 28 per cent of the market revenue.
Plant-based beverages are projected to report the second largest demand for emulsion stabilisers and, with demand likely to reach nearly 70,000 tonne by 2028 end.