Butter Market to Reach USD 49.07 Billion by 2028

The butter market size was USD 35.61 billion in 2020. The market is projected to grow from USD 37.01 billion 2021 to USD 49.07 billion in 2028 at a CAGR of 4.11% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Butter Market, 2021-2028.” Rising demand for processed food products such as bakery, confectionery, desserts, and ready-to-eat meals among consumers is expected to increase the footprint of the market during the forecast period. Additionally, increased demand for packaged butter across physical retail and foodservice channels will boost the market growth.

COVID-19 Impact

Increased Retail Presence to Accelerate Market Growth During Forecast

The COVID-19 pandemic affected the butter industry in its initial phases by slowing down growth. However, as the pandemic rallied on, a positive effect on sales in terms of growth and volume was observed. Baking was considered as a top hobby for many consumers who were forced to implement from work-from-home solutions. Additionally, reopening of hotels, restaurants, and cafes is expected to drive the market growth.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/butter-market-106457

List of Key Players Present in the Market

• Fonterra Co-operative Group (New Zealand)
• Arla Foods (Denmark)
• Dairy Farmers of America (U.S.)
• Gujarat Co-operative Milk Marketing Federation (India)
• Ornua Co-operative Ltd. (Ireland)
• Land O’Lakes, Inc. (U.S.)
• Nestle India Ltd. (India)
• Organic Valley Family of Farms (U.S.)
• Royal FrieslandCampina NV (Netherlands)
• The Kraft Heinz Company (U.S.)

Segments

Type, End-Use, and Region are Studied

On the basis of type, the market is divided into salted and unsalted.

By end-use, the market is segmented into industrial processing, retail channels, and foodservice.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. 

Report Coverage

The study focuses on providing a comprehensive analysis for our readers by presenting critical factors such as leading companies, product types, and top end uses of the product. Additionally, the study offers insights in the sector by presenting ongoing market trends along with prominent industry developments. The study also noted various factors that will be responsible for the positive and negative outlook on the market during the forecast period.

Drivers & Restraints

Increasing Demand for Processed Food Products to Augment Growth

Rising demand for dairy products such as dairy fats & butter and increasing perception of positive health attributes are expected to boost the butter market growth during the forecast period. Also, increasing disposable income among consumers along with increasing demand for bakery products such as cakes, bread, cookies, and biscuits will increase the footprint of the market. Additionally, increasing innovations and developments across the dairy beverages coupled with increasing retail presence will fuel the market growth.

However, rising popularity of lactose-free and vegan foods will limit the market growth during the forecast period.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/butter-market-106457

Regional Insights

Asia Pacific to Lead Market due to Rising Disposable Income Among Consumers

Asia Pacific is expected to witness the largest butter market share during the forecast period, owing to rising sale of packaged butter along with growing demand for dairy products. Additionally, increasing expenditure among consumers and rising integration of the product for cooking and baking will increase the footprint of the market. Increasing presence of prominent players in the market along with rising processing capabilities will fuel the growth of the market.

 Europe will contribute a significant market share during the forecast period, owing to increasing demand for clean-label and sustainable milk and dairy products along with rising demand for bakery and other similar products. Rising consumer inclination toward healthier and safer products will fuel the market growth.

Competitive Landscape

Novel Product Launches to Bolster Market Growth

The major players are Arla Foods, Dairy Farmers of America, and Land O’Lakes. Dominant players are often focusing on capturing maximized revenue by launching novel products and increasing product offerings. For example, in September 2020, Minerva dairy launched a new small size package of premium butter containing sea salt. This launch is aimed at increasing the company’s retail distribution capabilities. Increased arrival of smaller players in the market will fragment the market, further consolidating he market share. Other players are contributing by instituting various strategies such as mergers & acquisitions with like-minded organizations to increase their product portfolio.

Inquiry before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/butter-market-106457

Industry Development

• October 2020: Grahams partnered with Isle of Skye Sea Salt Co. and launched a new artisan Scottish sea salt butter. It is a mixture of top quality, natural, and unrefined sea salt from the Isle of Skye.

 

Organic Baby Food Market to Hit USD 12.22 billion at a CAGR of 10.58% by 2021-2028

The global organic baby food market size amounted to USD 5.55 billion in 2020. The market size is slated to increase from USD 6.05 billion in 2021 to USD 12.22 billion by 2028 at a CAGR of 10.58% during the forecast period. The market is gaining traction owing to the increasing demand for organic cereals and organic milk formulas for children, states Fortune Business Insights™ in its report titled “Organic Baby Food Market, 2021-2028”.

Organic products continue to gain popularity across the world as consumers seek healthier diet and lifestyle options. Consequently, baby food products with natural and organic ingredients are rapidly becoming mainstream across both developing and developed regions. The market for these products is expanding continuously as baby food brands introduce newer varieties. Availability of a wide range of products across retail outlets, supermarkets, and online platforms will fuel the market development significantly.

COVID-19 Impact

Disruptions in Health Services Sector to Hamper Growth amid Pandemic

The baby food industry experienced tremendous setbacks during the COVID-19 pandemic due to changing demand trends and purchasing behavior of consumers. As per the WHO, almost 90% of countries experienced disruption in the health services sector in mid-2020. In addition, many countries also reported disruptions in malnutrition management in children, antenatal care, and sick child services. Besides these factors, lockdown restrictions and other measures led to a decline in product consumption across many regions. However, increased health consciousness amid the pandemic could cause a surge in product sales in the forthcoming years.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/organic-baby-food-market-106440

List of Key Players Present in the Market

• Kraft Heinz Canada ULC (U.S.)
• Nestlé S.A. (Switzerland)
• Danone S.A. (France)
• Plum Organics (U.S.)
• HiPP GmbH & Co. Vertrieb KG (Germany)
• Pristine Organics Pvt Ltd. (India)
• Yashili International Group Co., Ltd. (China)
• GMP Dairy (New Zealand)
• Arla Foods (Denmark)
• Kewpie Corporation (Japan)

Segments

Type, Distribution Channel, and Region are Studied

Based on type, the market is divided into infant milk formula, wet food, and dry food.

On the basis of distribution channel, the market is split into online sales channels, specialty stores, supermarkets/hypermarkets, and others.

In terms of geography, the market is broken down into North America, South America, Asia Pacific, Europe, and the Middle East & Africa.

Drivers & Restraints

Increasing Consciousness about Child Health among Parents to Surge Organic Baby Food Demand

The organic baby food market growth is influenced by growing awareness among parents about the types of ingredients used in different products. Parents have become highly conscious about what they are feeding their children. Majority of parents are seeking natural and organic products and ditching products with artificial ingredients. With access to internet and other sources, consumers are more aware about what products are trending and what products are actually good for their kids. These factors will increase the consumption of organic baby food products significantly.

However, the cost of organic products being slightly on the higher side could hamper their adoption. 

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/organic-baby-food-market-106440

Regional Insights

Presence of Prominent Baby Food Brands to Augment Growth in North America

North America will capture a notable percentage of the global organic baby food market share between 2021 and 2028. The regional demand is driven by the presence of major market players along with increased spending capacity of consumers. Rapid growth of the organic food sector in the region will create tremendous opportunities for established as well as emerging players.

The market in Europe will record a notable CAGR during the projected timeline led by the growing shift toward sustainable and clean-label products. Parents are looking for baby foods that are safer, healthier, and packed with natural and organic ingredients.

Meanwhile, Asia Pacific will be among the fastest developing regions in the world, led by rising disposable incomes of consumers and subsequently changing lifestyles.

Industry Development

October 2021 – Eat Well Investment Group Inc. completed the acquisition of PataFoods, Inc., a leading plant-based baby foods brands in North America.

Inquiry before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/organic-baby-food-market-106440

Report Coverage

The report offers:

• Major growth drivers, restraints, opportunities, and potential challenges for the market.
• Comprehensive insights into the global as well as regional developments.
• List of key industry players.
• Major strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Gluten Free Food Market To Hit a CAGR of 8.29% by 2021-2028

The global Gluten Free Food Market size was valued at USD 5.25 billion in 2020. The market is estimated to grow from USD 5.72 billion in 2021 to USD 9.99 billion in 2028, exhibiting a CAGR of 8.29% during the forecast period. The increasing popularity of the product’s benefits, rising demand for functional foods, and increasing product innovations are expected to fuel the market growth. Fortune Business Insights™ mentions this information in its report titled “Gluten free Food Market, 2021-2028.”

Gluten-free food is produced for people suffering from gluten allergies and celiac diseases. The consumption of gluten can be damaging and may lead to intestine swelling. Therefore, the consumption of the product is expected to increase rapidly. Furthermore, rising awareness regarding the health benefits of such products is expected to increase adoption. Moreover, rising demand for functional foods and increasing product innovations may attract sales. These factors are expected to foster industry development in the coming years.

COVID-19 Impact

Rising Demand for Healthy Foods to Fuel Market Progress

This market is expected to be positively impacted during the COVID-19 pandemic due to consumers' rising demand for healthy foods. The sudden spike in COVID-19 cases led to the adoption of healthy food products. Rising spending on healthy food products is expected to increase the product demand. Furthermore, the adoption of reduced capacities, part-time shifts, and technologically advanced production techniques may enable companies to recover costs. These factors may propel the market growth in the coming years.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/gluten-free-food-market-100188

List of Key Players Profiled in the Report:

• The Kraft Heinz Company (Illinois, U.S.)
• The Hain Celestial Group Inc. (New York, U.S.
• General Mills Inc. (Minnesota, U.S.)
• Kellogg’s Company (Michigan, U.S.)
• Conagra Brands, Inc. (Illinois, U.S.)
• Barilla G.E.R Fratelli S.P.A (Parma, Italy)
• Noumi Limited (Australia)
• Enjoy Life Foods (Mondelez International) (Illinois, U.S.)
• Alara Wholefoods Ltd. (London, U.K.)
• Prima Foods Ltd. (South Wales, U.K.)

Segments

Type, Distributional Channel, and Region are Studied

By type, the market is segmented into baby food, pastas & pizzas, snacks & RTE products, bakery products, and condiments & dressings. As per the distributional channel, it is categorized into supermarkets/hypermarkets, convenience stores, specialty stores, drugstores & pharmacies, and online retails. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and strategies undertaken by the market's key players.

Drivers and Restraints

Rising Prevalence of Gluten Intolerance and Celiac Disease to Fuel Market Progress

The rising prevalence of gluten intolerance and celiac diseases is expected to boost the adoption of gluten-free food. As per the information provided by the Clinical Gastroenterology and Hepatology journal, nearly 1.4% global population is detected with celiac disorder. Furthermore, the rising demand for free-from and convenience foods is expected to boost the product adoption. Furthermore, rising reliability on nutritional convenience foods is expected to increase the adoption of the product. Moreover, the rising adoption of flavored food products with nutritional benefits is expected to bolster the Gluten free Food Market growth.

However, higher product prices and low market penetration are expected to hinder the market’s progress.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/gluten-free-food-market-100188

Regional Insights

Growing Inclination Towards Healthy Diet to Boost Industry Progress in North America

North America is expected to dominate the Gluten free Food Market share due to the growing inclination toward a healthy diet. The market in North America was USD 2.72 billion in 2020 and is expected to achieve a high market share in the coming years. Further, rising awareness regarding celiac disorder from consumers and the availability of a gluten-free diet products are expected to boost the market development.

In Europe, rising demand for free-from products from Germany, Italy, and the U.K. is expected to boost gluten-free products’ adoption. Furthermore, manufacturers focus on developing innovative foods such as gluten-free pasta to boost sales. These factors may propel the market development.

In Asia Pacific, rapid digitization and westernization lead to the acceptance of gluten-free food products. Furthermore, the growing artisanal bakery sector is expected to boost market progress.

Competitive Landscape

Manufacturers Focus on Launching Novel Products to Boost Brand Image

Prominent companies operating in the market devise novel product launches to attract consumers and boost brand image. For example, in June 2021, Ulrick & Short Limited announced fazenda Nutrigel, a gluten-free functional flour, to improve the viscosity and overall texture of gluten-free bakery foods. Through this launch, the company may attract consumers and boost its brand image. Furthermore, the adoption of research and development, expansions, acquisitions, and technologically advanced production techniques boosts the market player’s position.

Inquiry before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/gluten-free-food-market-100188

Industry Development

• April 2021- Nestle SA launched gluten-free meals to satisfy consumers’ dietary habits and suit their lifestyles. It launched other protein-rich products such as Cauliflower Crust Chicken Mozzarella Piada, Triple Cheese Macaroni & Cheese Bowl, and Pasta Bolognese Bowl.

Food Premix Market to Hit a CAGR of 6.21% by 2021-2028

The food premix market size was USD 1.32 billion in 2020. The market is projected to grow from USD 1.43 billion in 2021 to USD 2.18 billion in 2028 at a CAGR of 6.21% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Food Premix Market, 2021-2028.” Factors such as rising consumer demand for maintaining their health & wellness and the emerging trend of preventing lifestyle-related diseases will boost the growth of the market during the forecast period. Additionally, the rising consumption of nutraceuticals will increase the footprint of the market.

COVID-19 Impact

Rising Sales During Pandemic owing to Increasing Health Concerns to Bolster Market Share

The COVID-19 pandemic had a positive impact on the food premix sector in numerous ways with consumers worldwide increasing their focus toward their health and well-being. The rising demand for immunity-boosting products is expected to increase the footprint of the market during the intended forecast period. Additionally, the leading players in the market are focused on increasing their product portfolio, which further triggers market growth. Rising risks of infections and increasing fears of the virus will boost sales for nutraceutical supplements.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/food-premix-market-102456

List of Key Players Present in the Market

• Koninklijke DSM N.V. (Netherlands)
• Glanbia plc (Ireland)
• BASF SE (Germany)
• Corbion N.V. (Netherlands)
• SternVitamin GmbH and Co. KG (Germany)
• Vitablend Netherland B.V. (Netherlands)
• Hellay Australia Pty. Ltd. (Australia)
• Farbest-Tallman foods Corporation (U.S.)
• Jubiland Life Sciences (India)
• Watson foods Co., Inc. (U.S.)

Segments

Type, Application, and Region are Studied

Based on type, the market is divided into vitamins, minerals, amino acids/proteins, and others.

By application, the market is broken down into dietary supplements, beverages, dairy products, bakery products, and others.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The market report contains a detailed analysis of the industry by focusing on critical aspects such as leading companies, types, and leading applications of the product. Additionally, the report also offers ongoing market trends and highlights the key industry developments. Also, the report encompasses several factors that are expected to impact the market in a positive/negative manner during the intended forecast duration.

Drivers & Restraints

Rising Utilization of Premixes for Increased Nutraceutical Manufacturing to Drive Market Growth

Factors such as rising demand for functional food & beverages and dietary supplements and increasing availability of nutraceuticals in various forms will boost the food premix market growth during the forecast period. Additionally, changing consumer consumption and supplements becoming a staple part of regular diets will increase the footprint of the market. Also, increasing demand for customized premixes and rising focus of various government bodies toward spreading awareness regarding the benefits of supplements will drive the market growth.

However, strict regulatory standards will limit the growth of the market during the forecast period.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/food-premix-market-102456

Regional Insights

Asia Pacific Will Dominate Market due to Rising Trend of Extending Lifespans Among Consumers

Asia Pacific will witness the largest food premix market share during the forecast period owing to the increasing number of consumers seeking supplements toward improving their health and an increasing trend of extending lifespans. Additionally, the region is expected to be a breeding ground for herbal dietary supplements due to its rich history of traditional medicines. Also, increasing purchasing power will further aid market growth.

North America will occupy a substantial market share in terms of global contribution due to increasing demand for probiotics and rising consumer awareness in terms of added health benefits. Additionally, rising instances of irritable bowel syndrome and food sensitivities will further increase the footprint of the market.

Competitive Landscape

Product Development & Consumer Retention to Augment Market Share

The dominant players in the food premix industry are constantly striving for developing novel products for constantly changing consumer demands. Others are also focused on increasing their presence in the market by employing strategic tactics such as mergers & acquisitions and collaborations. For example, in December 2020, Prinova announced the launch of its plant-based premixes for dairy alternative products. This will allow the organization to fulfill the increasing demand for functional foods for its vegan consumer base. Additionally, players are also focused on developing new products to maintain a competitive edge.

Inquiry before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/food-premix-market-102456

Industry Development

• October 2021: SternVitamin GmbH developed new micronutrient premixes that have the ability to be utilized for fortification of fortifying vegan products. These products include oat drinks, vegan burgers, and alternative seafood products.

Sorbitol Market to Hit a CAGR of 5.54% by 2019-2026

 he global sorbitol market is likely to gain impetus from a rise in demand for digestive and low-calorie products. The global sorbitol industry was valued at USD 1,244.5 Million in 2018. It is projected to reach USD 1,928.3 Million by the end of 2026, exhibiting a CAGR of 5.54% in the forecast period (2019-2026).

Applications in Gelatin Capsule and Cosmetic Industry to Boost Growth of Liquid/Syrupy Sorbitol Segment

The report classifies the global sorbitol market on the bases of type, application, and geography. In terms of type, the market is further divided into powder/crystal and liquid/syrupy formulations. Out of these, the liquid/syrupy formulation of sorbitol is currently leading the global market. Sorbitol is commercially marketed in the form of 70% solution that includes polyhydric alcohol with colorless to faint yellowish appearance.

The liquid formulation remains inert to humidity fluctuations. Furthermore, it is a good water stabilizer and humectant that enables its application in cosmetic emulsions and gelatin capsule industry. The aqueous solution acts as a suitable substitute as it replicates several properties of glycerol and glycols.

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sorbitol-market-100206

Rapid Growth of Cosmetic and Personal Care Industry to Favor Growth in Asia Pacific

The global sorbitol market is geographically segmented into Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. Amongst these, Asia Pacific is dominating the sorbitol market globally. China, being one of the largest producers of Vitamin C, has been witnessing an increasing demand for sorbitol. Asia Pacific also possesses the Indonesian market which is the second-largest producer of sorbitol and starch sweeteners. Combined with the rapid growth of personal care and cosmetics industry, the region is anticipated to exhibit a high sorbitol market revenue.

In the cosmetics industry, sorbitol is one of the strong competitors of glycerin and propylene glycol as it acts as an emulsion stabilizer as well as a humectant. This unique property of sorbitol makes it very useful in the production of shampoos, creams, hair conditioners, and lotions. In North America, the sorbitol market is performing well due to the U.S. being a market leader. In the U.S., there is a huge demand for sorbitol due to the persistent usage in the non-food industries. This in turn, is contributing to a rise in the sorbitol market sales in North America. It is also extensively used in oral-care products, especially in toothpaste as sorbitol aids in the prevention of cavity. That is why, it is being used more for producing sugar-free chewing gums in this region. 

 

Lupin, Sunar Misir, and Other Key Players Focus on Strategic Collaboration and Expansion Programs to Strengthen Position

Lupin, a multinational pharmaceutical company headquartered in Mumbai, announced that it has entered into a definitive distribution agreement with Aptissen S.A., a company specialized in the development of biopolymer-based medical devices, based in Switzerland in May 2019. Under this agreement, Aptissen S.A. has granted Lupin exclusive rights to distribute, sell, and market its current products in Canada. It also includes the rights to distribute Synolis VA, an injectable hyaluronic acid gel used to provide fast relief from osteoarthritis pain. According to the Statistics Canada, more than 10% Canadians between the age group of 15 or older are affected by osteoarthritis.

Earlier, in September 2018, Sunar Misir, a provider of raw materials with its products, such as dextrins, glucose, natural starches, glucose-fructose varieties, corn gluten meal, etc., based in Turkey, announced its plan to expand the installation capacity of sorbitol and maltitol up to 100,000 tons in its facility located in Adana, by the end of 2019.

Fortune Business Insights has profiled few of the prominent market players operating in the global sorbitol market. Some of them are Archer Daniels Midland Company, Lonza Inc., Cargill, Incorporated., Tate & Lyle, Ingredion Incorporated, Merck KGaA, Tereos Starch & Sweeteners s.a.s, SPI Pharma, Roquette Frères, Pfizer Inc., and other key market players.

Inquire Before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/sorbitol-market-100206 

Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Overview of the Parent/Related Markets
  • Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
  • Production, Trade, and Consumption Patterns of Sorbitol - Analysis and Forecast
• Global Sorbitol Market Analysis, Insights and Forecast, 2015-2026
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Type
    • Liquid/Syrupy
    • Powder/Crystal 
  • Market Analysis, Insights and Forecast – By Application
    • Food & Beverages
    • Personal Care & Cosmetics
    • Pharmaceuticals and Medicinal Formulations
    • Others
  • Market Analysis, Insights and Forecast – By Geography
    • North America
    • Europe
    • Asia Pacific
    • South America
    • Middle East & Africa

TOC Continued…!

Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/sorbitol-market-100206

Herbal Medicine Market to Hit a CAGR of 11.32% by 2021-2028

The global Herbal Medicine Market size reached USD 185.86 billion in 2020. The market valuation is set to rise from USD 203.03 billionin 2021 to USD 430.05 billion in 2028 at a CAGR of 11.32% during the projected period. The market growth and rising product demand are attributable to increasing health consciousness among consumers. Individuals are not only consuming healthier foods but also switching to cosmetics and personal care products with natural ingredients. These factors are responsible for the rise of herbal medicines worldwide. Fortune Business Insights presents this information in its report titled “Herbal Medicine Market, 2021-2028."

Popularity of herbal products has exploded over the past decade. Evidently, about 10-50% of individuals in developed countries utilize herbal products. The main reason more people are inclining toward herbal alternatives is their better tolerance compared to synthetic drugs. Also, they are naturally-sourced and are hence safer than synthetic products. Herbal medications are mainly used for common cold, cough, nervous health problems, urinary complaints, gastrointestinal issues, and painful conditions such as joint pain, rheumatic diseases, and stiffness.The rising occurrence of such health problems will certainly boost the product demand in the forthcoming years.

COVID-19 Impact:

Herbal Medicine Demand Surges due to Increasing Health Consciousness

The COVID-19 pandemic has affected healthcare and pharmaceutical supply chains significantly. Medicine shortage was experienced worldwide due to a significant spike in COVID-19-related hospital admissions. Additionally, R&D and drug manufacturing activities also experienced roadblocks during the pandemic.

However, herbal products experienced an upsurge as consumers became more conscious about their health and wellbeing. Increased focus on immunity has fueled the demand for various pharmaceutical and nutraceutical products with herbal ingredients. These factors have opened up new opportunities for market players during the pandemic period.

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/herbal-medicine-market-106320

Segments:

Application, Form, and Region are studied for the Market

On the basis of application, the market is segmented into food & beverages, pharmaceutical & nutraceutical, and personal care & beauty products.

Based on form, the market is classified into liquid & gel, powder, and tablets & capsules.

In terms geography, the market is studied acrossNorth America, South America, Asia Pacific, Europe, and the Middle East & Africa.

Report Coverage

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into the regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments such as product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Emerging Demand for Natural Medicines and Cosmetics to Augment Growth

The Herbal Medicine Market growth is influenced by surge in product demand for medical purposes in developing countries. Herbal products are being widely used for almost all minor health complaints. Consumers are also shifting towardcosmetics and personal care products with natural and organic ingredients owing to greater safety. To capitalize on this trend, beauty and cosmetic brands are introducing newer product varieties with herbal ingredients. The aforementioned factors will drive the market demand significantly.

However, strict regulatory frameworks related to the import and use of herbal raw materials in food, pharmaceutical, and cosmetic applications could hamper the market development slightly.

Get Your Customization Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/herbal-medicine-market-106320

Regional Insights:

Europe is expected to dominate the Herbal Medicine Marketshare over the projected period. Regional demand is largely influenced by the popularity of cosmetics and personal care products with natural and organic ingredients. Turmeric has emerged as a popular ingredient in the European health products market owing to its antioxidant and anti-inflammatory properties. It is also gaining popularity as a spice in ethnic cuisine.

The market in North America is growing on account of growing consumer awareness toward the benefits of herbal products. Meanwhile, Asia Pacific will record strong growth led by rising disposable incomes and increased spending on healthier foods and natural cosmetics.

 List of Key Players Profiled in the Market Report:

• KPC Products Inc. (California, U.S.)
• NEXIRA (Normandy, France)
• HISHIMO PHARMACEUTICALS (Rajasthan, India)
• Schaper & Brümmer GmbH & Co. KG (Salzgitter, Germany)
• Sydler Group of Companies (India)
• 21^STCentury HealthCare, Inc. (Arizona, U.S.)
• Zoic Pharmaceuticals (Punjab, India)
• Herbally Yours, Inc. (Arizona, U.S.)
• Pharma Nord B.V. (Vejle, Denmark)
• NATURLAND (Gräfelfing, Germany)

Inquire Before Buying Report:

https://www.fortunebusinessinsights.com/enquiry/queries/herbal-medicine-market-106320

Industry Development:

March 2021 – Fitday, a supplement startup based in Hyderabad, India, announced plans to set up more than 50 brick-and-mortar stores across the country by 2023 with USD 8 million investment.

Dietary Supplements Market Demand, Size, Share, Segmentation, Latest Trends and Forecast by 2027

According to Fortune Business Insights™, the global dietary supplements market size is expected to showcase an exponential growth by reaching USD 117.92 billion by 2027 while exhibiting a CAGR of 9.8% between 2020 and 2027.

This is attributable to the increasing demand for personalized dietary supplements and the rising prevalence of chronic diseases such as diabetes, hypertension, high cholesterol levels, and other heart ailments. The report further mentions that the market was worth USD 48.22 billion in 2019 and is likely to rise in the forthcoming years.

Dietary supplements are products that supplement consumers with the necessary nutrients that are sourced from synthetic or natural food sources. These supplements are provided in the form of capsules, pills, tablets, or liquids. Some of the popular products include minerals such as iron and calcium, vitamins B12 and D, and others. The consumption of these products leads to improved physical performance, helps to build muscles, and delays fatigue amongst people.

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/dietary-supplements-market-102082

List of the Companies Operating in the Dietary Supplements Market:

• Amway Corp (Michigan, United States)
• Abbott (Illinois, United States)
• Nestle S.A. (Vevey, Switzerland)
• Herbalife Nutrition Ltd. (California, United States)
• Archer Daniels Midland Company (Illinois, United States)
• Glanbia Nutritionals (Illinois, United States
• Otsuka Holdings Co. Ltd. (Tokyo, Japan)
• Arkopharma (Carros, France)
• Pfizer Inc. (New York, United States)
• GlaxoSmithKline plc (Brentford, United Kingdom)

What does the Report Include?

The global human dietary supplements market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaborations that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

DRIVING FACTORS

Increasing Demand for Personalized Dietary Supplements to Bolster Growth

According to research by Epsilon in 2018, about 80% of consumers found personalization services appealing. Today, consumers expect personalization in every single thing such as preferring their own designer wear to instruct the restaurants to cater to their dietary needs. In addition to this, these supplements need to fight against several lifestyle-related diseases such as obesity, cardiovascular disease, and diabetes, among others, vary from person to person. This is propelling the demand for providing personalized programs by the companies that are expected to further drive the global market during the forecast period.

SEGMENTATION

Vitamins Segment Held a Market Share of 37.14% in 2019 Owing to Increasing Consumption

The vitamins segment, based on type, is expected to showcase an augmented growth backed by the increasing consumption of dietary supplements owing to the surging prevalence of vitamin deficiency among the population. The vitamins segment held a market share of 37.14% in 2019 and is likely to remain dominant in the food supplements market.

REGIONAL INSIGHTS

Increasing Demand for Nutritional Products in Asia-Pacific to Aid Growth

Among all the regions, the market in Asia-Pacific is expected to experience significant growth in the forthcoming years. This is attributable to the increasing demand for nutritional food products such as dietary supplements in the region. The increasing health-consciousness amongst the population in countries such as India and China is expected to favor growth in Asia-Pacific. North America is anticipated to showcase an exponential growth owing to the increasing prevalence of lifestyle diseases and the presence of the aging population between 2020 and 2027. The region stood at USD 11.95 billion in 2019 and is likely to grow in the near future.

Order a Complete Research Report:

https://www.fortunebusinessinsights.com/checkout-page/102082

COMPETITIVE LANDSCAPE

Merger and Acquisition by Major Companies to Strengthen Their Product Portfolios

The global dietary supplements market observes that major companies such as Amway and Abbott are striving to consolidate their positions. They are doing so by acquiring other companies to strengthen their product portfolios in the fiercely competitive global marketplace. The other players are adopting strategies such as the introduction of new products, collaboration, and partnership that are further expected to contribute to the market growth.

Key Industry Development:

April 2020: DSM, a leading food supplements provider, announced the acquisition of Glycom. According to the company, the valuation is worth Euro 765 million and is expected to expand its footprint in the lucrative business of food supplements.