Global acerola extract market was valued at US$ 8,675.8 Mn in 2017, and, expanding at a CAGR of 8.2% from 2018 to 2026. Acerola extract is derived from acerola fruit, produced in Central America, South America, California, Florida, and Texas.
The global snack bars market is growing substantially, anticipated to expand at CAGR of 6.9% throughout the forecast period from 2019 to 2027, starting from US$ 21.67 Bn in 2018. The surge in changing food preferences coupled with growing health consciousness among consumers are expected to drive the global snack bars market. The rapidly growing snack food sales around the globe is further anticipated to boost market demand.
The functional food ingredients can be defined as an ingredient that have the capability to add various advantages to the end product. Functional food ingredients are usually stated as such ingredients that are most likely to be consumed as a part of a standard diet and that comprises of biologically active constituents, which proposes the potential of enhanced health benefits. Some of the functional food comprises of food that comprises exact vitamins, minerals, fiber, fatty acids, phytochemicals, and others.
The global pulse ingredients market is expected to grow at a CAGR of 4.6% during the forecast period from 2019 to 2027, starting from US$ 15.83 Bn in 2018. The elevated trends for vegan and plant-based products is increasing the demand for pulse-based ingredients globally. Nowadays consumers are more inclined towards using pulse-based ingredients due to its inherent attributes for health benefit. For instance, from the year 2006 to 2016, about 4,900 pulse-based products were launched in North America region.
The protein bars market expected to grow at a CAGR of 6.7% during the forecast period from 2019 to 2027, starting from US$ 1,250 Mn in 2018. Consumers nowadays are more inclined towards using convenience and high-protein content food products. As per the recent research studies, about 90% of Americans purchase convenience food. Moreover, 25% of consumers opt for the time saving and ready to eat food products. Thereby, increases the demand for protein bars globally.
The global nutritional yeast market is likely to witness growth, with a CAGR of 9.5% across the forecast period from 2019 to 2027. Nutritional yeast is an inactive form of yeast and do not contain leavening agent. Nutritional yeast is also known as nooch. Nutritional yeast being dried form of yeast cannot be used for baking purpose rather it can be consumed directly. Increasing trends for vegetarian and veganism is increasing, making nutritional yeast popular and thereby increasing the demand for nutritional yeast market across the globe.
The Frozen Potato market is expected to grow at a CAGR of 4.2% during the forecast period from 2019 to 2027, starting from US$ 52,968.16 Mn in 2018. Frozen Potato products are gaining popularity and becoming global commodities that are generating billions of dollar revenue each year globally. The development of new products by various manufacturers supports the growth of the market. For instance, in January 2019, Albert Bartlett launched three new frozen potato products in the U.K markets.
The Flavored yogurt market is expected to grow at a CAGR of 6.2% during the forecast period from 2019 to 2027, starting from US$ 59.3 Bn in 2018. Growing awareness of the health benefits associated with yogurt, increase in demand for flavored yogurt in the developing countries, in addition to innovation in the flavor and taste of yogurt supports the growth of the global flavored yogurt market.
Iron supplements are the common salts of iron that are used in the treatment of common diseases caused by the deficiency of Iron such as iron deficiency anaemia. Global iron supplement market is expected to rise with a CAGR of 9.5% during the forecast year 2019-2026.
An oil which is derived from tissues of oily fish is known as fish oil. It encompasses docosahexaenoic acid (DHA) and the omega-3 fatty acids eicosapentaenoic acid (EPA), precursors of certain eicosanoids which are recognized to decrease inflammation in the body and recover hypertriglyceridemia. The global food grade fish oil market is anticipated to grow at a CAGR of around 7% during the forecast period (2019-2026).
Hesperidin is a bioflavonoid that is well known for their antioxidant and anti-inflammatory effect. These plant pigments are found primarily in unripe citrus fruits. Global hesperidin market is expected to rise with a CAGR of about 6.8% during the forecast years 2019-2026.
Biological crop protection or Biopesticides are pesticides that are obtained from renewable materials such as animals, bacteria, plants and some minerals. Biopesticides are employed to control pests, weeds and insects on field crops. For instance, baking soda and canola oil have pesticidal applications and are considered as biopesticides. As of 2016, there were around 299 registered biopesticide active ingredients and around 1401 active biopesticide product registrations as per environmental protection agency (United States).
Global fish protein powder market is expected to rise with a CAGR of 3.8% during the forecast years 2019-2026. Fish protein powder is a dried fish product that is intended to be used for human consumption and has higher concentration of protein as compared to fish flesh (average 65%).
Aniseed oil is a special purpose oil derived from seeds of the herb pimpinella anisum. The aniseed oil has special properties including anti-epileptic, anti-hysteric, anti-rheumatic, antiseptic properties that makes it suitable for multiple of application from cooking to medication to flavorings. The global market for aniseed oil is expected to witness a substantial growth over the forecast period of 2019-2026. Factors including increasing awareness about the plant derived materials, health benefits associated with aniseed oil and growing acceptance of natural factors act as key drivers for the growth of the market.
Dietary Fibers market is projected to reach US$ 8.52 Bn by 2026 with 11.1% CAGR during the forecast period from 2018 to 2026. In 2017, North America held the largest value and volume share in the global dietary fibers market and Asia Pacific is projected to be the fastest growing region between 2018 and 2026.
The global calcium silicate market has been analyzed to grow exponentially during the forecasted period of 2016-2020. This can be attributed by the growth of food and beverage sector which has increased the consumption of calcium silicate as the anti-caking agent.Numerous countries would experience a rapid sale in the food and beverages item during the forecasted period, which will create a favorable environment for the global calcium silicate market.The product is primarily manufactured through a chemical reactions of calcium oxide and silica in different ratios.
Global dairy alternatives market are a part of food & beverages industry, which are dairy-free or which do not have lactose that provides a medical or health benefits mainly for the section of population who are lactose-intolerant. Dairy alternatives are extensively preferred by users having lactose intolerance or milk allergy, and vegetarians. Due to the increasing consumers’ preference for vegan diet, growing awareness regarding the nutritional benefits of the plant-based dairy alternatives, and increasing cases of lactose intolerance & milk allergies among the people are the major drivers that are steering the growth of the market fordairy alternatives, globally.
The extensive increase in pork production and rising apprehensions related to the quality of pork meat is driving the growth of the global swine feed market. The rising production of pork is the major driving factor of the swine feed market. China is the largest producer of pork in the world, producing approx. 53,500MT pork every year. The EU-27 has an estimated pork production of 23,230MT every year,making it the second largest producer of pork in the world. Moreover, the United State produces with production of around 11,334MT pork every year is third largest in the world.
The global genetically modified foods technology market is expected to grow at the CAGR of 8.1% during 2015-2022, and it is expected to reach $2.17 billion by 2022. Genetically modified foods are foods that are produced from organism that have been changed genetically using the genetic engineering methods. This types of technique allow new and better traits and quality. The global genetically modified foods technology market is growing well due to rise in technology in agriculture and biotechnology area.
The global ethoxyquin technology market is expected to grow at the CAGR of 5.9% during 2015-2022. The major factors driving the market are rising feed prices, growing trade for food items in distant countries, rising need for effective pesticides. The feed prices are increasing gradually resulting in need for more preservatives. Growing trade for food item is the other factor influencing the market largely.