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Thursday 28 February 2019

Avocado Market Projected to Reach US$ 21.56 bn by the end of 2026

Transparency Market Research offers an 8-year forecast for the global avocado market between 2018 and 2026. The global avocado market is expected to register a CAGR of 5.9% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the avocado market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global avocado market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional avocado market. The increasing preference for health-enhancing food in the developed and developing regions is expected to form the major driving force for the avocado market over the forecast period. The health benefits of the avocado fruit are staged as the major marketing strategy for the promotion of the avocado-based products. Over the course of study, findings directed a higher growth rate for the processed avocado products. Retail to form a major volume share over the global avocado market owing to the larger demand for fresh avocados from the consumers. 
The millennial population has increased their consumption of fresh foods the most out of all age groups. They are also using ready-to-eat and heat-n-eat fresh prepared food because these save time and are perceived as quick versions of homemade meals. Younger adults focus on fresh foods and on getting out of the kitchen quickly. Moreover, a rise in the awareness in the consumption of fruits is one factor driving the demand for fruits and vegetables. Also, increasing penetration of avocado into new geographies owing to improved supply chain techniques increasing shelve life of the fresh fruit is expected to boost demand for the avocado high in the retail segment over the forecast period. Isolation of production of avocado into fewer geographies is expected to pose restraint for the avocado market over the forecast period as it is attributed to hinder the penetration of avocado into new regions. 
By nature, the global avocado market is segmented into organic and conventional. The conventional segment is expected to dominate the global avocado market in terms of both value volume owing to its low production cost and labor input. An organic segment to experience comparatively stronger growth rates owing to the rapid adoption of organic based food in developed regions. 
By form, the global avocado market is segmented into raw and processed. The raw segment is expected to dominate the global avocado market over the forecast period resulted from the larger fresh avocado demand in retail. The processed segment is further classified into oil, guacamole, puree and other sub-segments. Oil and guacamole to stand as the major volume share of the processed avocado segment. 
By distribution channel, the avocado market is segmented into direct and indirect. The indirect segment is accounted to be the largest volume share owing to the large retail demand for avocado fruits. The indirect segment is further sub-segmented into store-based retailing and e-retailers. The store-based retailing is comprised of hypermarket/supermarket, convenience stores, independent small grocers, and other store-based retailing. 
By end-use, the global avocado market is segmented into food & beverage industry, retail, cosmetics and personal care, and other end-user industries. The source, the global avocado market is segmented into hass, reed, Fuerte, and other avocado sources.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the avocado space. Key players in the global avocado market includes McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks Tropicals Holding, Inc., Salud Foodgroup Europe B.V., Costa Group Holdings Limited, West Pak Avocado, Inc., Olivado USA, and Calavo Growers, Inc.
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Nisin Market: Innovations and Advancements to Encourage Growth

Transparency Market Research (TMR), in its recent outlook titled, “Nisin Market: Global Industry Analysis and Opportunity Assessment 2018-2026,” projects that in terms of value, global nisin market revenue will expand at a CAGR of 4.2% during the forecast period. In terms of revenue, the global nisin market accounted for around US$ 309.6 Mn in 2017 and is anticipated to increase roughly to about US$ 445.6 Mn by 2026. 
Apart from nisin being a heat-resistive preservative, it also acts as a broad spectrum preservative, effective against many gram-positive organisms such as lactic acid bacteria, listeria monocytogenes, staphylococcus aureus, bacillus cereus, and clostridium botulinum, among others, which is expected to drive the growth of the nisin market over the forecast period. Growing consumer preference for processed and ready-to-eat food products, coupled with an increasing consumer population shifting to products containing vegetables and meat as a prime ingredient, is identified to boost the demand for bio-preservatives such as nisin. 
By form, the nisin market is segmented into powder and liquid. The powder segment is likely to be the most attractive segment in the forecast. The powder segment is estimated to account for a significant revenue share of 97.9% in 2018 and is expected to reach 97.7% by 2026. On the basis of end use, the nisin market can be segmented into food & beverages, pharmaceutical, animal feed & pet food and others. The food & beverages segment is further sub segmented into beverages, bakery, confectionary, meat, poultry & seafood, dairy products, ready meals, soups & noodles, snacks and others. The food & beverages segment is estimated to account for a significant revenue share of 90.2% in 2018 and is expected to register moderate growth rate during the forecast period. 
The report covers trends driving each segment and offers analysis and insights regarding the potential of the nisin market in specific regions. In terms of value, Europe is likely to account for approximately a share of 32.2% by the end of 2026. Also, Europe is expected to dominate the market through 2026 in terms of demand, followed by the U.S. In North America, millennial population forms a major chunk of consumers of ready-to-eat and processed food products. Consumers aged between 35 and 49 are also developing a taste for convenience foods, which is further expected to drive the growth of the nisin market during the forecast period. 
The nisin market in Asia Pacific is likely to face a challenge to growth during the forecast period, prominently owing to the price restraint compared to that of conventional chemical preservatives. Highly-refined chemical preservatives are available in the market at a very low price, as they are mass-produced in chemicals. The cost for nisin production is high, as producers have lower production per unit of input and increased labor cost, while margins are getting squeezed due to the increasing competition. 
Moreover, there is no proper alignment between supply and demand, as the information system and statistics available for producers is not as reliable and detailed as that of the food industry and general agriculture in the countries with well-developed markets. If, by chance, there is any imbalance in the lactate concentration beyond a standard level and a decrease in the pH level, it can drastically affect the final end product, which is expected to be a significant restraining factor for the growth of nisin market over the forecast period. 
Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the nisin space. Nisin producer includes Koninklijke DSM NV, E. I. du Pont de Nemours and Company (Danisco A/S), Merck KGaA, Siveele B.V., Santa Cruz Biotechnology, Inc., Galactic S.A., Handary S.A. , Shandong Freda Biotechnology Co., Ltd, MAYASAN Food Industries A.S., Cayman Chemical Company, Inc., and Chihon Biotechnology Co., Ltd. among others.
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Probiotics Market Expected to Reach US$12,753.4 mn by 2026

As an impact of busy, modern lifestyle, the consumption of healthy food among humans has been limited, and at times, individuals disturb the delicate balance of the body’s intestinal flora, which can cause occasional gastrointestinal discomfort, and infection in other body parts. Therefore, a healthy balance of intestinal flora and infection control can be supported through the consumption of food or food supplement products that contain friendly live bacteria cultures, commonly referred to as ‘probiotics’. Probiotics are live micro-organisms, when administered in adequate amount confer a health benefit on the host”, is the standard definition provided by the Food and Agriculture Association (FAO) of the United Nations. These friendly and live bacteria, when administered to and/or consumed by humans in the non-food form, are referred to as ‘probiotic supplements’, which are generally available either in the form of tablets, capsules, powder, liquid, chewables, and others. 
The global revenue generated from Probiotics market is estimated to be valued at roughly US$ 6,762.2 Mn by the end of 2018 and is expected to increase at a CAGR of 8.3% over the forecast period. Global Probiotics market are expected to be valued at approximately US$ 12,753.4 Mn by the end of 2026. 
Market Taxonomy on the Basis of Form, Packaging Type, & Distribution Channel 
By form, the Probiotics market is segmented into dry and liquid. The dry segment is further sub-segmented as tablets/ caplets, capsules, powder/ granules and chewables. The dry segment is likely to be the most attractive segment in the forecast period owing to the availability of larger product variants coupled increasing product offerings in powder/granule format. 
On the basis of packaging type, the Probiotics market can be segmented into blisters, bottles, containers, sachets, stick packs, droppers and others. Among all these segment the containers segment is estimated to account for a significant revenue share of 24.7% in 2018 and is expected to register significant growth rate during the forecast period. However the bottle segment is expected to register comparatively largest CAGR growth of 8.7% during the forecast period. 
Furthermore, on the basis of distribution channel, the Probiotics market is segmented into hypermarkets/ supermarkets, pharmacies/ drugstores, specialty stores and online sales. 
Some of the major companies operating in the global Probiotics market are Chr. Hansen Holding A/S, BioGaia AB, Probi AB, Nestlé S.A., DowDuPont Inc., The Procter & Gamble Company, Probiotics International Limited, Lallemand Inc. Pfizer Inc., PharmaCare Laboratories, Dr. Willmar Schwabe Group, SymbioPharm GmbH and others.
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Meat Alternatives Market: Changing Dietary Pattern Leading to Increasing Demand

Worldwide, many consumers continue to focus on healthy and nutritious food products. Across the globe, consumers are demanding more wholesome and nutritious products. Further diseases associated with meat and meat products have impacted the nutritional and culinary preferences of population towards consuming meat products, especially those food products containing red meat. On the contrary, the demand for meat substitutes such as tofu, RTC/RTE, natto, tempeh, and others is increasing at a steady pace for the past few years. Tempeh is a soy-based fermented product which offers various health benefits and fills the diet gaps by providing essential elements that nourish human body. 
Meat alternatives are high in demand, with regards to continued focus on health and wellness/good-for-you products. There is no indication that the consumers will refrain from meat any time soon. However, consumers are adopting a back-to-basics mind-set, focusing on simple ingredients and fewer processed foods. Controlling dietary consumption is regarded as a method of flexibility. Apart from health-associated factors, sustainability and considerations are also impelling this movement, especially amongst the women. There is increase in the demand for meat substitutes mainly due to increasing health concerns such as diabetes and obesity. 
Intake of meat substitutes including tofu, RTC/RTE, natto, tempeh, and others, is largely pragmatic among population preferring a vegan diet as these products are rich in protein and calcium. For meeting these increasing demand, companies are focusing on investment in research and development to expand their product portfolio by launching variety of meat alternative products for catering to different taste preferences.
According to the report by Transparency Market Research, the global meat alternative market is projected to expand at a CAGR of 6.1% during the period of forecast, 2018-2026. 
The companies are adopting strategies such as collaborations and partnerships with a view to develop product portfolio. Few of the key players profiled in this research study include Turtle Island Foods, Inc., Nutrisoy Pty Ltd, Pinnacle Foods, Inc., Amy’s Kitchen Inc., Atlantic Natural Foods, LLC, Impossible Foods Inc., The Hain Celestial Group, Inc., Beyond Meat Inc., Pacific Foods of Oregon, Inc., Monde Nissin Corporation, Kellogg Company, Fry Group Foods (Pty) Ltd., Nasoya Foods, Inc., Hügli Holding AG, Sweet Earth, Inc., VBites Food ltd., The Kraft Heinz Company, Schouten Europe B.V., Lightlife Foods Inc. and Taifun-Tofu GmbH. 
Sale of Meat Alternatives to Increase with Increasing Hotels, Restaurants and Cafes 
Hotels, restaurants and institutional catering companies are all major players in the foodservice sector, with restaurants serving as the primary purchasers of meat alternative products. In order to meet demand of dynamic consumer groups, meat alternative products with a wide range of quality and prices are offered by key companies. Growth of HoReCa sector has emerged as one of the key factor driving growth of the meat alternative consumption globally. Growth of the HoReCa industry has always been linked to the prospects of the tourism industry and tourism is the foremost demand driver for increasing food consumption of a wide variety of food products.
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Ready-to-Drink Coffee Market Driven by Rising Awareness for Health & Wellness amongst Consumers

This TMR report on the global ready-to-drink coffee market analyses the opportunities in the market, and presents the overall market outlook of the ready-to-drink coffee market, along with providing updates, ongoing and future trends, and valuable growth insights relating to various segments of the global ready-to-drink coffee market over a forecast period of 8 years from 2018–2026. 
The primary objective of this report is to offer insights related to the key developments, takeaways, and opportunities in the global ready-to-drink coffee market that are gradually helping transform global businesses associated with the same. Along with the forthcoming opportunities, the report also highlights the existing opportunities in the global ready-to-drink coffee market, to equip the client with comprehensible and lucid decision-making insights. The report covers the various segments and performance parameters of the global ready-to-drink coffee market in terms of market value and volume. 
To understand the consumption patterns in a more coherent way, and assess opportunities in the ready-to-drink coffee market, the market has been divided into six segments, namely, by product type, by flavor, by packaging, by package volume, by distribution channel, and by region. The report depicts the market outlook and dynamics of ready-to-drink coffee in five regions - North America, Latin America, Europe, APAC, and MEA. To understand the market growth of ready-to-drink coffee and expansion in a better way, various macroeconomic and microeconomic factors are taken into consideration, which include the GDP of countries, population, trade, per capita consumption, and many others. Along with the various factors taken into account, the production and consumption patterns of coffee in various regions are also studied, and insights have been drawn accordingly. The report also includes TMR’s analysis of the various drivers and restraints affecting the global growth of the ready-to-drink coffee market. Key trends observed across the value chain in the ready-to-drink coffee market are also included in the report. The market is studied from the supply as well as demand side, and is represented along with its value chain, to understand the various stages, starting from the extraction of raw materials to the reaching of the final product to the end consumers. 
To understand the ready-to-drink coffee market in a crystal-clear way, and to analyse the latest developments, trends, demands, and opportunities in the ready-to-drink coffee market, various significant and key companies involved in the manufacturing and marketing of ready-to-drink coffee are studied, and are represented in an effectual way, drawing the insights related to their various target product offerings, revenue growth, market share, and recent developments in the competitive landscape section of the report. 
Some of the market participants in the global ready-to-drink coffee market identified across the value chain include Nestlé S.A., Starbucks Corporation, PepsiCo Inc., The Coca-Cola Company, McDonald’s Corp., The J.M. Smucker Company, Suntory Holdings Limited, Monster Beverage Co., Keurig Dr Pepper, illycaffè S.p.A, Lotte Chilsung Beverage Co., Caribou Coffee Company, Inc, Asahi Group Holdings, Ltd., and Bulletproof 360, Inc., among others. A competitive dashboard is provided before the detailed competition analysis of the various market participants in the ready-to-drink coffee market, to compare the current industrial scenario in the ready-to-drink coffee market.
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Egg Protein Market: High Usage of Protein in Sports & Bodybuilding Products Surging the Demand

Eggs have been considered as a rich source of essential nutrients such as proteins, vitamins, fats, amino acids, calcium, and others, for ages. Among all these nutrients, eggs possess proteins in the highest percentage, which is located in different parts of the egg such as the egg white, egg yolk, and the whole egg. Egg white contains around 56% of the total proteins in the egg, thus making it the most preferable and rich source for deriving various significant egg proteins such as albumins, globulins, and mucoproteins. Egg protein contains all the nine essential amino acids, thus making it an ideal source of dietary and nutritional supplements. One of the key driving factors for the egg protein market is its functioning as a thickening, emulsifying, binding, preservative, leavening, and crystallizing agent, attributing to the wide-ranging applications of egg protein in various industries such as bakery and confectionery, sports nutrition, desserts and sauces, nutritional bars, pharmaceuticals, and others. The nature of egg protein makes it a profoundly trend-driven market, and has a lucrative potential to grow in the coming years. Further, egg protein and its products are available in a variety of popular and liked flavors such as vanilla, chocolate, orange, and several others. Another significant driving factor for the egg protein market is the rising health concerns among consumers, especially the millennial population. 
Protein Fortification and Standardization Propelling the Market for Egg Protein Forward 
Food fortification entails the addition of certain beneficial ingredients to a product to enhance its functional properties. Through the fortification of egg protein, manufacturers can increase the quality of food and address crucial protein deficiencies among consumers. Egg protein fortification is gaining popularity among consumers, owing to the rising preference for proteins in regular or everyday foods, and the increasing demand for weight management products that are low in fats and high in protein content. Protein standardization is the adjustment of protein content in a food product, to either meet regulatory guidelines or enhance the functional properties of the product. Egg protein standardization is a common practice among bakery, dairy, and confectionery product manufacturers, wherein, egg protein ingredients are added to various products to enhance their properties and functioning. Egg protein standardization improves product uniformity, consistency, texture, and taste. Thus, the demand for fortified and standardized food and beverages is currently driving the growth of the global market for egg protein to a significant extent. 
Egg Protein Market Analysis by Flavor 
The regular egg protein segment is expected to be valued at US$ 1,295.4 Mn by 2026, and is projected to register a CAGR of 4.2% over the forecast period. The flavoured egg protein segment is expected to record a CAGR of 4.7% during the forecast period, owing to the changing taste preferences of consumers, and more number of consumers experimenting new product types and flavors.
Egg Protein Market Analysis by Function 
By function, the thickening and emulsifying actions of egg protein is expected to dominate the egg protein market by the end of 2026, with market values of US$ 293.4 Mn and US$ 268.5 Mn, respectively, by 2026, owing to their actions in a variety of applications. 
Egg Protein Market Analysis by Region 
On the basis of region, the European region is projected to remain dominant in the global egg protein market throughout the forecast period, with a projected market value of US$ 513.5 Mn by the end of 2026, due to the rising health concerns and fitness consciousness among consumers, high millennial population, and rising disposable income of consumers.
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Organic Pea Protein Market Revenue Expected to Increase to US$ 86.4 Mn by 2026

Transparency Market Research offers an eight-year forecast for the global date palm market between 2018 and 2026. In a recently released report by the company, the global organic pea protein market is expected to register a CAGR of 8.0% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the organic pea protein market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global organic pea protein market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional organic pea protein market.
Organic Pea Protein - ‘A Healthy Mania for Quality Ingredients in Sports Food and Supplements
The general awareness that healthy food emanates at the cost of taste has been positively blurred out in the health food industry, as manufacturers have improved their products to such an extent, that taste is no more a negative factor as far as protein products are concerned. Improved ingredient quality and the introduction of newer process technology has made pea protein available in varied types, some of which are only unique to protein processing. A consistent supply of proteins is considered absolutely essential for muscle growth, as protein helps in building muscle mass and repairing damaged muscle tissue. Due to this reason, the consumption of protein powders is a fairly common phenomenon among fitness enthusiasts and regular gym-goers.
Increasing Demand for Plant Proteins among Vegan Customers
Product innovations regarding growing health concerns have changed the market dynamics on a global level. Increasing offerings by vendors using safe and healthy ingredients is responsible for the growing demand for supplements and sports food. With changing lifestyles and increasing focus towards plant-based food products, consumer sentiments are oriented towards consuming food that is guilt-free in order to protect the environment. Vegan food products have gained considerable traction in the market, and hence, these consumers are opting for more plant-based products, such as pea protein. Hence, plant-based proteins satiate multiple consumer demands, such as gluten-free, vegan, and high-protein food products. In recent times, pea protein has gained considerable traction in the market, especially among flexitarians and consumers following plant-based diets in their daily routine life.
This study discusses key drivers, and opportunities contributing to the growth of the global organic pea protein market, as well as analyses the degree to which drivers are influencing the global market. In the final section of the global organic pea protein report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are global organic pea protein key players. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key product offerings and recent developments in the global pea protein market space.
Market participants in the global organic pea protein market include, Farbest Brands, Axiom Foods, Inc., The Green Labs LLC, Bioway (Xi’an) Organic Ingredients Co. Ltd., The Scoular Company, Vestkorn, YT (XI’AN) Biochem Co., Ltd., A&B Ingredients, Greenway Organics (Tianjin) Co., Ltd, Phyto-Therapy Pty Ltd., Puris, and Maxsun Industries, Inc.
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Vanilla Market Driven by Increasing Applications in the Growing Bakery Industry

Vanilla is a flavor majorly used in the food industry for bakery products, dairy products, beverages, and much more. Though, it also has a variety of uses in other industries like cosmetics and pharmaceutical. In food and beverages, vanilla is a well-known flavoring, relished all over the world. The most general type of vanilla is vanilla extract, which is arranged by transuding chopped vanilla beans in ethyl and water for around 2 days. The obtained mixture is then stored for a number of months, and then eventually filtered. There are quite a few varieties of vanilla that are available in the market, out of which, Madagascar vanilla is the most widely used in the vanilla market. The amusing sweet Madagascar vanilla takes up more than 70% of the vanilla market, whereas, the remaining types are vanilla from Tahiti and Mexico. The global vanilla market has experienced an incredible growth in recent years, and is expected to grow at a healthy CAGR of 4.6% in the years of forecast. The APAC region is expected to register the highest CAGR, due to progression in the retail division, with an increase in ready-to-eat food and packaged food consumption. Europe is also expected to witness robust growth in the vanilla market on account of the increasing presence of confectionary, biscuit and cookies, and cakes & pastry manufacturing divisions.
APAC - the key region for global vanilla market revenue growth
The global Vanilla market is projected to perceive a stimulating growth imminent from the APAC market. In terms of value, the vanilla market in APAC is expected to grow at a CAGR of 6% over the forecast period, to reach a market value of US$ 204.6 Mn by 2028. APAC accounts for more than 21% of the total share of the global vanilla market in terms of revenue, which is expected to increase comprehensively by 2028 end. India is emerging as the leading grower of vanilla, owing to farming implemented broadly in the southern states of Tamil Nadu, Andhra Pradesh, Karnataka, and Kerala. Bourbon class vanilla beans with sweetened, aromatic, and nourishing flavors are developed and preserved for a treating period of 5-6 months in order to fulfil the ever-growing demand for vanilla from different sectors. The demand in Europe is strong as vanilla is a very widely-held and a resourceful ingredient for many applications.
Asia Pacific vanilla market – segment-wise overview
By form, the vanilla market is expected to witness the most input from the liquid segment. In terms of volume, the liquid vanilla segment holds the biggest share, and accounts for over 50% of the total APAC vanilla market, and is expected to continue to grow at a significant CAGR during the period of forecast.
In the APAC vanilla market, in the end-use segment, the food industry segment is assessed to dominate, and account for more than a whopping 60% value share by 2018 end, which is expected to decline slightly by 2028 end. The demand from bakery products such as breads, cakes and pastries, etc., is expected to fuel the vanilla market by a lucrative CAGR over the period of forecast. Moreover, in the Asian market, the liquid form of vanilla is the key target point of producers, owing to an increase in the usage of cakes and pastries, ready-to-eat food products, etc. Fluctuations in prices, limited supply, and poor farming & harvesting practices that harm the quality of beans are some of the factors restraining the growth of the vanilla market.
Manufacturers are aiming to develop new technologies that allow innovation in powder stability at a viable price. Moreover, sustainability and active supply chain management are some of the major distinguished tactics that are expected to be implemented by vendors present in the vanilla market.
North America is also a noteworthy regional vanilla market, which is anticipated to register a substantial growth trend among other regions in the global vanilla market during the forecast period. North America observed a significantly high demand, and is one of the hot prospects in the vanilla market.
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Dried Fruits Market: Rising Demand from Bakery and Confectionery to Create Growth

The global dried fruits market is expected to grow in the near future owing to the increasing demand for vitamin and mineral rich foods across the world. Other factors like shifting consumer preference, and growing health consciousness is likely to propel the demand for dried fruits. Apart from this, the increased demand of dried fruit from the bakery, dairy and confectionery industries is another prominent factor boosting the global dried fruits markets. 
As per a Transparency Market Research report, the global dried fruits market has been estimated to be valued around US$ 7,255.4 Mn in 2018, and the market is projected to increase at a healthy CAGR of 5.9% during the forecast period (2018-2026). 
Rising Demand of Organic Dried to Boost Growth of Organic Dried Fruits Market 
From the perspective of fruit type, the global dried fruits market is divided into raisins, tropical & exotic fruits and berries. Further, the raisins is classified into natural seedless, golden seedless, black currant, sultana, muscat, monukka. While tropical & exotic fruits is further segmented into dates, apricot dried Figs, banana, pineapple, mango, peaches and others. Berries is segmented into cranberry, blueberry, raspberry, acai berry. Among these fruit type, tropical and exotic fruits segment is expected to dominate the global dried fruits market owing to their increasing usage in flavors and additives industry. 
On the basis of nature, the global dried fruits market is mainly segmented into organic and conventional. The growing health consciousness among the customer regarding is a major driver for the organic dried fruits market. Because of this, the organic dried fruits market is likely to have a high preference as compared to conventional dried fruits during the forecast. The organic dried fruits market is anticipated to witness an annual growth rate of 6.1% in the upcoming year. However, at present the organic dried fruits market has low market share owing to their high cost. The growing preference of organic fruit in the developed economies is a major driver expected to drive the organic dried fruit market in the near future. 
Asia Pacific to Lead Regional Segment in Global Dried Fruit Market 
Based on geography, the global dried fruits market is classified into five prime regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among all the regions, Asia Pacific is expected to lead the global dried fruits market in the near future. This is due to the rising consumption in the region. The total contribution of Asia Pacific is expected to rise around 41.3% share in the near future. This is owing to the high consumption of dried fruits in confectionaries and baked goods in the region. 
The global dried fruits market has profiled the most prominent companies. The increased market penetration of these companies in developing and developed economies makes the dried fruits market a highly competitive one. Some of them are Dole Food Company, Inc., Lion Raisins Inc., Bergin Fruit and Nut Company Inc., Kiantama Oy, Traina Foods, Inc., Sun-Maid Growers of California, Sunbeam Foods Pty Ltd., and Red River Foods Incorporated.
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Carotenoids Market: Growing Demand for Carotenoids in Aquaculture Feed to Drive Growth

Carotenoids are defined as natural pigments synthesized by plants, algae, and photosynthetic bacteria. Carotenoids belong to a class of molecules consisting of more than 750 naturally occurring yellow, orange, and red pigments that gives color to several fruits and vegetables. Xanthophylls are oxygenated carotenoids, and include lutein, zeaxanthin, and others, whereas, carotenes are unoxygenated carotenoids that involve alpha-carotene, beta-carotene, and other molecules. As a food additive, carotenoids play an important role in the global food industry.
The increasing use of carotenoids in developing an alternative treatment for various diseases, including eye disorders, diabetes, cancer, and aging, has boosted their popularity among consumers. Also, carotenoids are extensively utilized as natural coloring agents by the food and beverage industry. Carotenoids also find application in nutraceutical and pharmaceutical manufacturing. A steady rise in the demand for organic and natural food has been observed, owing to increasing health implications and the growing importance of sustainability. Carotenoid supplements have become highly popular among health-conscious consumers. But, their unregulated high utilization and associated health risks are factors that are expected to challenge the future demand for carotenoids. This is primarily attributed to the launch of new products with natural ingredients. In Europe, carotenoids are the most preferred food coloring agents.
Rising Incidences of Eye Diseases and Cancer to Enhance Carotenoid Consumption
Cancer has created a significant social as well as economic health burden, accounting for 8.8 million global deaths in 2015, and US$ 87.8 billion expenditure for the direct medical costs of cancer treatment in the United States. WHO estimates that 253 million people are living with vision impairment, among which, 217 million people suffer from moderate to severe vision impairment, and 36 million are blind. Carotenoids have been studied for their anti-carcinogenic properties. The consumption of beta-carotene-rich green and yellow vegetables and possible prevention of cancer (lung) has been studied extensively. Other carotenoids such as lycopene and canthaxanthin are also being studied for the prevention of prostate, lung cancer, and colon cancer. Xanthophyll (oxygen-containing) carotenoids such as lutein, astaxanthin, and zeaxanthin are being studied for the prevention of age-related eye diseases and eye health maintenance. The increasing use of carotenoids in preventing chronic diseases is likely to increase their demand in the near future.
Organic and Natural Food Ingredients Remain a Top Priority Among Consumers
While organic farming is a convenient alternative to traditional agriculture practices, it also contributes to sustainability in terms of food safety and quality, as well as in animal and environmental welfare. Awareness regarding the benefits of organic food consumption has increased, owing to the associated positive impacts on health, lifestyle, social convenience, and greater contribution in sustainable development. Consumers are becoming specific while purchasing products in terms of origin, manufacturing, and ingredients, which has been constantly driving the demand for natural carotenoids in recent years. Owing to this, natural carotenoids are giving competition to existing GMO and other synthetic food colorants.
Bound to all the above driving factors, it is anticipated that the global carotenoids market would proliferate in terms of value and volume during the forecast period.
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Dried Herbs Market: Longer Shelf Life of Dried Herbs to Create Growth

Herbs are those plants that have a plethora of uses and benefits in different industrial applications. Fresh herbs, however, are perishable and more susceptible to bacteria and fungus. Thus, to prevent the damage of versatile plants, these herb are converted into a dried format. Dried herbs are a result of the water removal from the fresh herbs by using drying techniques such as air drying, microwave drying, and vacuum drying. Drying intensifies the taste of many herbs by concentrating the flavor aspect. Dried herbs find ample of applications in both, the B2B and B2C segments. Dried herbs are extensively used in the B2B sector in food processing applications, cosmetics formulations, and medical remedies. In terms of value, the global dried herbs market is expected to reach a market value of US$ 4,162.7 Mn by the end of 2026, with an expected CAGR of 4.7% over the forecast period. The drivers for the growth of the dried herbs market include the increasing demand for processed foods and convenience foods, the longer shelf life of dried herbs, the growing disposable incomes of consumers, the health benefits associated with dried herbs, and innovations taking place in the health food sector.
Fast-paced Life Increasing the Demand for Processed Foods
Nowadays, a demanding work culture and busy lifestyles have forced consumers to opt for ready-to-eat meals or other ready-to-eat food items. Dried herbs allow customers to enjoy tasty and flavorful foods that consume less time for preparation. The increasing demand for processed foods such as snacks, pickles, beverages, and others has resulted in the rising demand for dried herbs that are used to enhance the flavor of these products.
Dried food and ingredients such as herbs are witnessing a rise in demand, due to the technologies being used for their production. Techniques such as vacuum and air drying have affected the possibilities of using dried herbs for a longer period when preserved in specified conditions. Dried herbs have a shelf life ranging from weeks to even months, which helps manufacturers and consumers use them in the future. Due to increased shelf life, the applications of dried herbs have attained broader prospects.
Rising Consumer Preference for Convenience Packaging and Easy-to-Use Products
Dried herbs are readily available through various retail formats. This ease of access drives consumers toward using dried herbs even more. Dried herbs are small and easy to carry; the use of convenience packaging for dried herbs is also known to increase the demand among consumers. Consumers also are becoming readily open to international cuisines, flavors, and ingredients, which is influencing their eating habits in a big way. The strong influence from various cuisines and cultures is also resulting in the growth of the exotic dried herbs sector.
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Coconut Milk Products Market: Increasing Popularity of Asian Cuisine Driving the Increased Demand

Coconut milk products are obtained from the flesh of matured coconuts, and find a plethora of applications in the food processing industry, food service industry (HoReCa), cosmetics & personal care products, and retail use. Coconut milk products include full fat coconut milk, lite coconut milk (low fat), refrigerated coconut milk, cream of coconut, and coconut milk powder. Coconut milk varies in consistency, added ingredients, and packaging. Coconut milk that is canned, thick, and pure (full fat coconut milk) is used in culinary applications to intensify the flavor and thickness of the dish, whereas, coconut milk that is packed in cartons, thin, and added with flavors, preservatives, and other ingredients is used as an alternative to conventional milk, and also used for direct consumption or as a beverage. Other coconut milk products such as coconut milk cream and coconut milk powder are used in various cuisines and other industries. In terms of value, the global coconut milk products market is expected to reach a market value of US$ 1,508.7 Mn by the end of 2026, with an expected CAGR of 6.9% over the forecast period. The global coconut milk products market is expected to reach a volume production of 752,551 MT in 2026. The drivers for the growth of the coconut milk products market include increasing veganism, growing popularity of Asian cuisines, growing demand for plant-based substitutes, versatile nature of coconut milk products, and increasing dietary restriction among consumers, besides other factors. 
Increasing Vegan Population Opening the Way for More Coconut Milk Products
There is an increasing number of individuals who are shifting towards vegan diets, owing to various factors such as issues related to cultural or religious restrictions or limitations, social taboos, or merely because vegetarian diets have been substantiated to be more favorable and healthy as compared to non-vegetarian diets and products over time. In addition, concerns regarding the humanitarian treatment of animals have also been playing a prominent role in the shift towards veganism and vegan diets. Coconut milk products are plant-based alternatives to conventional milk and milk products, and thus, are suitable for those opting for vegan products. 
Increasing Popularity of Asian Cuisine Driving the Increased Demand for Coconut Milk Products 
Asian cuisines are gaining wide popularity among consumers. Consumers around the world are developing a taste for dishes that contain coconut or coconut milk products. This is a key factor that is expected to drive the growth of the coconut milk products market during the forecast period. Coconut milk products are used extensively in Asian cuisines. The demand for Asian food in regions such as Europe, Canada, and the U.S. has increased substantially, owing to increasing migrating and tourist population. 
Increasing Popularity of Various Plant-based Substitutes Accelerating the Demand for Coconut Milk Products
Increasing health and wellness consciousness has led to consumers opting for products that are healthier and more natural. Thus, the market for plant-based substitutes are gaining wide acceptance and popularity all around the world. This factor is further promoting the growth of plant-based coconut milk products. 
Multi-purpose Usage of Coconut Milk Products Increasing their Success Factor 
Coconut milk products have been witnessing increasing demand for use as substitutes for dairy milk, especially in a number of sweet and savory dishes. Coconut milk products have been traditionally used for cooking purposes, in both, vegetarian and non-vegetarian dishes. Coconut milk also finds application in frozen desserts, pastries, ice creams, sweets etc. It is also used as a thickener in various other dishes, especially in high-end hotel chains that offer Asian cuisines. Coconut milk products are also used in personal care and cosmetic products such as lotions, moisturizers, conditioners, masks, and other products due to its rich oil content and skin soothing properties.
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Rice Syrup Market: Rising Demand for Rice Syrup in Food Servicing Industries to Fuel Growth

Rice syrup is the liquefied and processed form of malted rice. Rice syrups are processed by breaking down the starch derived from the carbohydrates in the rice. Due to the presence of an excessive concentration of starch, rice syrups are used as sweet enhancers or sweeteners. These rice syrups are manufactured from brown and white rice. The brown rice is the whole-grain rice with an edible bran layer that contains a high amount of nutrients such as proteins, potassium, magnesium, vitamin B-6, and others. As brown rice has a less glycemic index and high nutrition, it has wide utilities when processed as a sweetener. However, the nutritional values are slightly reduced while processing and refining brown rice syrup. White rice is milled, wherein the edible bran layer is removed and the grain is polished. Due to excessive polishing and milling, some nutritional values of white rice are lost. However, white rice contains an adequate amount of potassium, calcium, iron, etc. Due to its white color, processed white rice syrup remains transparent, enabling it to be used in various industrial applications. As a natural sweetener, rice syrup has a huge application in the food processing industry to add sweetness to any processed food. Rice syrup is increasingly used in confectionaries, bakeries, beverages, dairy products, dressings, and infant formulae, and food services such as hotels, restaurants, and cafes. Due to the increasing health consciousness among consumers for organic food ingredients and products, rice syrups are increasingly being processed from organic rice. 
The increasing use of rice syrup in developing an alternative ingredient for table sugar and sweeteners has fuelled its popularity among consumers in recent years. Growing demand for organic and natural sweeteners has been observed, owing to the increasing health consciousness among consumers and product developers. However, there are very few natural sweeteners available in the market right now. Due to this, it is expected that there will be launches of new products with natural ingredients, such as rice syrup, which is anticipated to drive the growth of the global rice syrup market during the forecast period. In Europe, rice syrup is the most preferred natural sweetener used in food processing industries. 
There has been rising demand for rice syrup from food service industries such as hotels, quick service restaurants, and cafes in recent years. As a natural sweetener, rice syrup plays an important role in providing sufficient sweetness to various foods such as pancakes, muffins, salads, chilled beverages, and others, making them delicious succulents. In the food service industry, rice syrups are also used for dressing and decorating these foods in order to attract consumers. 
Inclination Towards Natural Ingredients Pushing Farmers into Cultivating Brown Rice to Make Rice Syrup 
With an increase in agriculture across the globe, natural ingredient cultivation has been witnessing a surge. Along with the increasing production of rice for staple consumption, brown rice, as a natural ingredient, has witnessed great demand for its industrial processing as a sweetener. This is primarily attributed to the increased awareness about the benefits of crops such as brown rice in recent years. 
Growing Urbanization and Changing Lifestyles Leading to a Surge in the Demand for Clean Label Products 
Due to rapid urbanization, it is anticipated that the processed food market will witness significant growth in the near future. However, the development of re-formulated products to replace table sugar is expected to drive the demand for these products in the coming years. In addition, consumer demand for convenience is increasing, which is the major driver for specialty ingredients, as these offer functionalities such as extended shelf-life, stability, and texture. This has led manufacturers to focus on development initiatives to offer clean label ingredients such as rice syrup to consumers. 
Demand for Plant-based Sweeteners in Turn Boosting the Demand for Rice Syrup 
The demand for plant-based sweeteners or products with natural ingredients is a key area for companies to sustain in the consolidated rice syrup market. Furthermore, the use of rice syrups in beverages and packaged food is expected to penetrate the existing as well as new or untapped markets across the world. Further, new product offerings, especially in the U.S., where rice syrup has been recently adopted as a sweeter, is expected to boost the growth of the rice syrup market in the near future. 
Backward Integration from Manufacturers to Raw Material Suppliers Reducing Costs and Enhancing Quality 
Backward integration from manufacturers to raw material suppliers would help in improved quality and profit margins, and provide a competitive advantage to manufacturers. Also, companies such as Habib-ADM Limited have entered into long-term agreements with farmers. This enables companies to produce high-graded rice using their patent technology, thus, enhancing the quality of rice syrup, along with an economic cost.
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Beta-Carotene Market Expected to Increase at a CAGR of 3.8% Over 2019-2027

Transparency Market Research (TMR) delivers detailed insights into the global beta-carotene market, in its upcoming outlook titled, ‘Beta-Carotene Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027'. The global beta-carotene market is projected to register a CAGR of 3.5% in terms of value during the period of forecast, due to various factors influencing the market, regarding which, Transparency Market Research offers detailed insights.
Asia Pacific to Witness Predominant Growth in the Beta-Carotene Market
As a developing region with an increasing population of health-conscious consumers, and with increased purchasing power for processed foods and dietary supplements, Asia Pacific is experiencing a significant compound annual growth rate in the global beta-carotene market, due to the increasing consumption of processed foods containing beta-carotene, and factors such as favorable trade policies and regulations. It is anticipated that Asia Pacific would witness a significant growth rate in the beta-carotene market, accounting to 4.4% during the forecast period.
High Propensity for Microbial Beta-Carotene
On the basis of source, the microbial beta-carotene segment is expected to grow at a compound annual growth rate of 5.1% during the forecast period. Increasing consumer awareness for chemical- and synthetic-free ingredients over the years has resulted in the development of alternative sources for beta-carotene. This has fuelled the demand for beta-carotenes from microbial sources such as algae and fungi. As a chemical-free ingredient, microbial beta-carotene has substantial demand among organic manufacturers.
High Levels of Blood Beta-Carotene to Decrease Cellular Ageing
Cellular aging is associated with the shortening of telomere. Aging results in shortening of telomere with the replication of cells due to oxidative stress, and total consumption of telomere leads to cell death. Studies are in progress to understand the role of carotenoids as antioxidants and a telomere shortening mechanism. Recent clinical studies suggest that, high blood concentration of beta-carotene and beta-cryptoxanthin show elongated telomere lengths in leukocytes. Such studies resulted in an opportunistic platform for manufacturers in applications of beta-carotene for addressing the challenges of aging.
Dietary Beta-Carotene to Cater to the Demand for Vitamin A
Vitamin A (retinoic acid) is a vital nutrient that is essential for vision, growth, immunity, cell division, and reproduction. It also possess antioxidant properties that prevent cells and tissues from the toxic effects of free radicals that are produced during cellular metabolism. Growing consumer awareness regarding the consumption of supplements from a variety of natural sources has fuelled the demand of beta-carotene as a vitamin A supplement, in recent years. Thus, beta-carotene has great opportunity as a vitamin A dietary supplement in developed economies.
Organic and Natural Food Ingredients Remain Consumers’ Top Priority
While organic farming is a convenient alternative to traditional agricultural practices, it also contributes to sustainability in terms of food safety and quality, as well as in animal and environmental welfare. Growing consumer awareness regarding the health benefits of natural and organic food has increased, owing to the associated positive effects on health, lifestyle, social convenience, and greater contribution in sustainable development. Consumers are becoming specific while purchasing products in terms of origin, manufacturing, and ingredient class. Owing to this, natural products such as beta-carotenes are giving competition to existing GMO and other synthetic food products.
TMR has profiled some of the most prominent companies active in the global beta-carotene market, such as BASF SE., Koninklijke DSM N.V., Chr. Hansen A/S DDW The Colour House Corporation, Vidya Herbs Pvt Ltd., Allied Biotech Corporation, Novus International, Nutralliance is US, Vinayak Ingredients India Pvt Ltd., NOW Health Group, Inc., BioExtract, Carotech Berhad, Döhler GmbH, FMC Corporation, Archer Daniels Midland Company, ColorMaker, Inc., Penta Manufacturing Company, Food Colour Innovation S.L., Kingherbs Limited., TCI Chemicals (India) Pvt. Ltd., and others., to provide a wider view of the beta-carotene market across the world.
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