Oats Market to Hit USD 6.90 billion, exhibiting a CAGR of 3.8% by 2020-2027

The global oats market size is expected to reach USD 6.90 billion, exhibiting a CAGR of 3.8% during the forecast period. The growing consumption of whole-grain foods owing to its health benefits will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Oats Market Size, Share & Industry Analysis, By Type (Steel Cut, Whole Oats, Instant Oats, and Others), Application (Bakery and Confectionery, Breakfast Cereals, Animal Feed, and Others), and Regional Forecast, 2020 – 2027.” The market size stood at USD 5.18 billion in 2019.

The occurrence of coronavirus has exerted massive economic stress onto sectors in various countries. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

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The report on the oats Market illustrates:

• Prominent insights into the market
• Predictive analysis with key data
• Latest market trends and developments
• Stellar insights into the competitive landscape
• Crucial data about regional players
• COVID-19 Impact

Market Driver:

Significant Utilization in Animal Feed to Drive Market

The vast application of oats in the animal feed industry owing to its properties to improve feed value will foster the growth of the market. The higher fat content compared to other cereals enhances energy content in the feedstock. Similarly, it adds key components for easy digestibility in animals. The balanced amino acid composition along with palatability makes it ideal for poultry, horses, and piglets. Thus, boosting the growth of the market. However, the wide availability of whole grains such as wheat, barley, sorghum, and quinoa that possess nearly the same nutritional profile can as an obstruction for the growth of the market. Besides, heavy demand for barley owing to its negligible cholesterol and triglyceride levels can further dampen the growth of the market.’

Mass Disruption in Food Industry to Impede Development during Coronavirus

The lockdown imposed by the governments has disturbed the supply chain activities, resulting in market closure and disrupted the food services sector. The food manufacturers and processors are observing several inhibitions in their operations. The shutdown of hotels, restaurants, & Café has negatively impacted the global market. Nevertheless, the production remained unaffected as deliveries of seeds, fertilizers, and crop protection was made available by the governments. Moreover, the ease accessibility of food supplies and commodities by the governments can aid in recovering losses and incite remunerative business outcomes.

Regional Analysis:

Increasing Health-Conscious Consumers to Aid Growth in Europe

The market in Europe is expected to hold a significant share during the forecast period owing to the high production in countries such as Russia, the U.K., Italy, and Spain. The increasing health consciousness among consumers to boost growth in the region. The increasing demand for healthy grain-based snacks will bolster the growth of the global market in Europe. The hectic lifestyles of European consumers have led to high nutritional food products. Hence, increased production and consumption in European Countries will spur opportunities for the market. North America is expected to hold the largest share in the global market owing to the growing consumption of porridge or oatmeal as a staple food.

Key Development:

November 2018: Nestle SA announced that it has added a new product to its cereals range containing whole grains, called Oat Cheerios breakfast cereals in the UK.

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The Report Lists the Key Companies in the Oats Market:

• Quaker Oats Company (PepsiCo, Inc.) (New York, U.S.)
• Morning Foods Ltd. (Crewe, United Kingdom)
• The Kellogg Company (Michigan, U.S.)
• Richardson International Ltd. (Winnipeg, Canada)
• Bob’s Red Mill Natural Foods, Inc. (Oregon, U.S.)
• Avena Foods Ltd. (Regina, Canada)
• Glanbia, Plc. (Kilkenny, Ireland)
• The Ancient Grains, Co. (Kildare, Ireland)
• Aussee Oats Milling Pvt Ltd (Gampaha, Sri Lanka)
• Blue Lake Milling (SA, Australia)

Nutraceuticals Market to Hit CAGR of 9.3% by 2021-2028

The global nutraceuticals market is expected to gain momentum by reaching USD 658.11 billion by 2028 while exhibiting a CAGR of 9.3% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Nutraceuticals Market, 2021-2028.”, mentions that the market stood at USD 320.00 billion in 2020. Factors such as the increasing personalization in nutritional diet and the increasing investment in R&D activities are expected to propel the demand for the product in the forthcoming years.

For instance, in July 2019, General Mills announced its collaboration with GoodBelly to produce and distribute lactose-free yogurts and a probiotic-based cereal to cater to the growing demand from consumers. Therefore, the increasing focus on the personalization of nutrition has propelled companies to introduce healthy food products worldwide.

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Massive Spike in Demand for Healthy Food Products amid COVID-19

The COVID-19 pandemic has brought upon a turbulent time for several economies worldwide. However, it has also been an eye-opener for people globally to adopt a healthy and nutritious diet with a core focus on building strong immunity. The demand for vitamins and minerals has surged significantly and people are consuming immunity-boosting products to ensure protection from chronic and infectious diseases. This is expected to bode well for the growth of the market in the forthcoming years.

DRIVING FACTORS

Increasing Investment in Product Development to Favor Growth

In January 2020, Archer Daniels Midland Company announced the acquisition of Yerbalatina Phytoactives, a leading manufacturer of natural plant-based extracts and ingredients. The company with its investment aims to strengthen its position in the market. Similarly, several companies are focusing on investing in R&D activities to develop and introduce health-benefiting food products to cater to the growing demand for nutritious products worldwide. Moreover, the development of natural food products devoid of any harmful substances will boost the global nutraceuticals market growth in the forthcoming years.

REGIONAL INSIGHTS

Asia-Pacific to Remain at Forefront; Demand for Functional Foods to Increase in North America

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the market during the forecast period. The dominance is attributable to the presence of a large population and the improving living standards in countries such as India, Japan, and South Korea, among others that will boost the demand for nutraceuticals in the region. Moreover, the region stood at USD 124.70 billion in 2020.

The market in North America is expected to hold the second position in the market backed by the increasing demand for plant-based nutritional products and the growing demand for functional food in countries such as the U.S. between 2021 and 2028.

Market Segmentation:

Based on product type, the market is trifurcated into dietary supplements, functional foods, and functional beverages.

On the basis of product type, the dietary supplements segment held a global nutraceuticals market share of about 19.12% in terms of revenue in 2020 and is likely to experience considerable growth. This is due to several companies focusing on expanding their dietary supplement production facilities to cater to the growing consumer demand.

Based on the distribution channel, the market is categorized into hypermarkets/supermarkets, convenience stores, online retail, and others. Lastly, on the basis of region, the market is segregated into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa.

COMPETITIVE LANDSCAPE:

Merger and Acquisition between Major Companies to Brighten their Market Prospects

The global market comprises small, medium, and large companies that are striving to maintain a stronghold. The large companies are focusing to expand their nutraceuticals portfolio by acquiring other small companies. Moreover, other key players are adopting strategies such as facility expansion, partnership, and collaboration to gain a competitive edge over their rivals that will favor the market growth in the forthcoming years.

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List of Companies Profiled in the Global Nutraceuticals Market:

• Herbalife Nutrition Ltd. (California, United States)
• Archer Daniels Midland Company (Illinois, United States)
• General Mills (Minnesota, United States)
• PepsiCo Inc. (New York, United States)
• BASF SE (Mannheim, Germany)
• Abbott (Illinois, United States)
• Amway (Michigan, United States)
• Glanbia Plc. (Ireland)
• Danone S.A. (Paris, France)
• Nestle S.A. (Vevey, Switzerland)

Key Industry Development:

September 2020 - Nuliv Science introduced a new compound, Senactiv that helps to promote muscle energy and regeneration. The company further reports that the new sports product is manufactured taking into consideration the surging demand for dietary supplements among consumers.

Confectionery Market Size to Hit USD 242.53 billion by 2028, registering at a CAGR of 3.8%

The global confectionery market size is projected to reach USD 242.53 billion by 2028, registering a CAGR of 3.8% during the forecast period. Rising health consciousness among consumers will play a key role in augmenting the growth of this market, shares Fortune Business Insights™ in its recent report, titled “Confectionery Market, 2021-2028”. The market size stood at USD 188.52 billion in 2020.

Manufactured chocolate bars and candies are known to contain large amounts of artificial sweeteners. With increasing prevalence of lifestyle-related disorders, even the most ardent chocolate-lovers are getting increasingly inclined towards organic and natural ingredients-based products. For example, the Swiss chocolate-maker Barry Callebaut’s research found that the market value for organic chocolates currently stands at €30 million in Western Europe alone. This figure shows that the shifting consumer preference for chocolate and other confectionery items made from naturally-derived extracts will lead the confectionery market trends in the foreseeable future.

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List of the Companies Profiled in the Global Market are:

• Barry Callebaut (Zürich, Switzerland)
• Ferrero SpA (Alba, Italy)
• Nestle S.A. (Vevey, Switzerland)
• Mondelez International, Inc. (Illinois, U.S.)
• Meiji Holdings Co., Ltd. (Tokyo, Japan)
• The Hershey Company (Pennsylvania, U.S.)
• Chocoladefabriken Lindt & Sprungli AG (Zürich, Switzerland)
• Ezaki Glico Co., Ltd. (Osaka, Japan)
• HARIBO GmbH & Co. KG (Bonn, Germany)
• Pladis Global (London, U.K.)

Driving Factor:

Hectic Lifestyles to Foster Sales Opportunities

Global economic growth and development have led to an explosion of job and business opportunities. Greater access to education and skill development have expanded the number of employable people around the world, resulting in more working people and more office spaces, especially in large urban conglomerations. As a result, modern lifestyles have become more hectic and stressful, with unfortunate consequence being on health and fitness of people.

Therefore, many consumers are now demanding on-the-go confectionery snacks, preferably having low sugar and fat. Chocolate, owing to its numerous health benefits, is the most consumed product in the world, and many companies are now developing sugar-free and organic chocolate items to cater to the health-conscious urban populace. Furthermore, chocolate consumption has positive physiological effects. The Loma Linda University Adventist Health Sciences Center in California found, through a research study, suggested that chocolate consumption positively impacts brain health and reduces stress and inflammation.

The report further contains answers to the following questions:

• What are the major factors driving the market?
• What are the main hurdles that the market is facing and will face in the future?
• What are the key market segments?
• Which region or regions hold the largest potential for the market to grow?
• How are the competitive dynamics shaping the market?
• Who are the prominent players in this market and what are their key strategies?

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SEGMENTATION

By Type

• Chocolate
• Sugar
• Gums

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Departmental Stores
• Online Retail

Regional Insights:

Europe to Lead the Pack; Asia-Pacific to Showcase Excellent Growth Trajectory

With a market revenue of USD 73.41 billion in 2020, Europe is slated to dominate the confectionery market share in the coming years, primarily on account of high consumption chocolate items. Consumers are increasingly demanding premium and customized confectionery products and are willing to pay for such items, prompting companies to manufacture and deliver superior offerings in the region.

Asia-Pacific holds tremendous growth opportunities for this market owing to rising disposable income, increasing young and working-age population, and rapid urbanization. As a result, many players are implementing different strategies to establish themselves in the Asia-Pacific region, especially China and India.

Competitive Landscape

Launch of Natural Extracts-derived Products to Spur Competition

The market forecast envisages a period of cutthroat competition in this market as companies deploy various strategies to meet the escalating demand for organic confectionery items. Besides this, many players are also attempting to broaden their business horizons by introducing novel offerings in foreign markets.

Key Industry Developments:

March 2021: Barry Callebaut released a new chocolate and compound manufacturing facility in Baramati, India to strengthen its position in this industry.

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Shrimp Market Size to Hit USD 53.63 billion in 2028, exhibiting a CAGR of 6.81% by 2021-2028

The global shrimp market size was USD 28.45 billion in 2020. It was valued at USD 33.81 billion in 2021 and reached USD 53.63 billion in 2028, exhibiting a CAGR of 6.81% during the forecast period. Innovations in the seafood sector and the rising trend of flexitarian diet are expected to boost the market growth. Fortune Business Insights™ presents this information in its report titled “Shrimp Market, 2021-2028.”

Rising technological advancements in the seafood sector are expected to boost seafood products' demand. The rising demand for healthy snacking leads to the adoption of shrimp in consumers’ diets. Further, rising focus on the supply and storage of seafood is expected to surge the product demand. Moreover, the rising trend of flexitarian trends is expected to boost the product adoption. In addition, the entry of new players is expected to bolster market development in the coming years.

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COVID-19 Impact:

Disruptions in Supply Chain and Reduced Seeding Activities to Impede Market Progress

This market is expected to be negatively affected during the COVID-19 pandemic due to disruptions in the supply chain. The sudden spike in COVID infections led to the adoption of lockdown, thereby negatively affecting seeding and storage activities. Furthermore, the halt on transport led to wastage, thereby affecting business. Moreover, lack of raw materials led to a decline in seeding activities. However, the adoption of reduced capacities, technologically advanced production machinery, and sanitization methods may enable manufacturers to recover their losses. These factors may positively impact market development during the pandemic.

Segmentation

Type, Form, End-user, Distributional Channel, and Region are studied for the Market

By type, the market is segmented into brown, white, pink, and others. As per form, it is classified into canned and frozen. Based on end-user, it is classified into commercial and residential. On the basis of distributional channel, it is categorized into online sales channels, specialty stores, convenience stores, and hypermarkets/ supermarkets. Geographically, it is grouped 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 and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Rising Demand for High Protein Diet and Sustainable Seafood Choices to Foster Market Growth

Consumers' demand for a healthy protein-rich diet and rising spending is expected to propel the demand for the product. As a result, manufacturers focus on developing better storage and preservation techniques to provide fresh foods to consumers. Furthermore, support for fishing activities from several countries is expected to boost industry growth. In the U.S., sustainable fishing initiatives are helping to spread awareness regarding seafood consumption. The National Oceanic and Atmospheric Administration (NOAA) supports U.S. participation in several global fisheries agreements and takes several measures to tackle illegal fishing. These factors may bolster the shrimp market growth during the upcoming years.

However, trade wars between several countries are expected to hinder the market's progress.

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Regional Insights

Rising Adoption of the Crustaceans in Cuisines to Foster Market Development in Asia Pacific

Asia Pacific is expected to dominate the shrimp market share due to the adoption of seafood in several cuisines in India, China, Japan, Vietnam, and Australia. The market in Asia Pacific stood at USD 10.74 billion in 2020 and is expected to gain a considerable share globally. Further, the rising adoption of crustaceans from the foodservice sector is expected to bolster market development. These factors may propel industry development.

In North America, robust demand for big-sized decapod crustaceans and brown shrimps is expected to fuel the industry's development. Further, the rising adoption of seafood as a protein source and increasing import activities are expected to bolster the market growth.

In Europe, the rising popularity of decapod crustaceans from consumers is expected to bolster market development. In addition, the rising adoption of seafood products may fuel market development.

Competitive Landscape

Major Players Acquire Companies to Increase Resources and Establish Market Presence

Prominent companies operating in the market devise acquisition strategies to increase their resources and dominate their presence. For example, Cooke aquaculture acquired a Honduras-based decapod crustacean producer “Seajoy” in February 2019. This acquisition may enable Cooke to establish a remarkable brand presence globally. Furthermore, the adoption of research and development, mergers, novel product launches, partnerships, and expansion strategies may enable companies to boost their brand image globally.

Industry Development

• March 2021: BioMar acquired a major share of Viet-Uc to expand its presence in fish hatcheries, shrimp farming, and shrimp hatcheries industries.

List of Key Players Profiled in the Report

• Aqua Star Corp. (Seattle, U.S.)
• Avanti Feeds Ltd. (Hyderabad, India)
• Clearwater Seafoods Inc. (Bedford, Canada)
• High Liner Foods Inc. (Lunenburg, Canada)
• Marine Harvest (Bergen, Norway)
• Maruha Nichiro Corporation (Tokyo, Japan)
• Nippon Suisan Kaisha (Tokyo, Japan)
• Nordic Seafoods A/S (Hirtshals, Denmark)
• Surapon Foods (Muang, Thailand)
• Thai Union Group (Bangkok, Thailand)

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Gluten free Food Market Size to Hit USD 9.99 billion in 2028, exhibiting a CAGR of 8.29% during 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.

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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.

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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.

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.

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Malaysia Culinary Coconut Milk Market to Hit USD 119.31 million in 2029 at a CAGR of 2.9% during 2022-2029

The malaysia culinary coconut milk market size was USD 67.34 million in 2021. The market is projected to grow from USD 71.96 million in 2022 to USD 119.31 million in 2029 at a CAGR of 2.9% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Malaysia Culinary Coconut Milk Market, 2022-2029.” Factors such as rising coconut cultivation and increasing demand for coconut in Malaysia and a global market will increase the footprint of the market during the forecast period. Additionally, increasing consumers towards vegetarianism & organic foods will boost the growth of the market.

COVID-19 Impact

Disruption in Supply Chains & Faltering Transport Sector to Decrease Growth Amid Pandemic

The COVID-19 pandemic led to several disruptions in various sectors. Restrictions on movement on the general population and shortage of workforces led to a decrease in the market volume. A gap in demand-supply and rising alternatives for healthy food products further decreased the demand for the market. However, as the pandemic loomed on, various players reported a rise in their revenues, as players began to adjust to the new method of functioning.

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List of Key Players Present in the Market

• S&P Industries Sdn. Bhd. (Malaysia)
• Santanmas Food Industries (M) Sdn Bhd (Malaysia)
• Linaco Manufacturing (M) Sdn. Bhd. (Malaysia)
• Tropical Produce Sdn Bhd (Malaysia)
• Mitra Sdn Bhd. (Malaysia)
• Eramas Group (Malaysia)
• M&S Food Industries Sdn Bhd (Malaysia)
• Kara Marketing Sdn Bhd (Malaysia)
• Gogoco Holding Sdn Bhd (Malaysia)
• Denis Group Holding S.A. (Switzerland) 

Segments

Product Type, Form, and Distribution Channel are Studied

Based on product type, the market is broken down into coconut milk, coconut milk powder, coconut cream, and coconut cream powder.

By form, the market is divided into powder and liquid.

With respect to distribution channel, the market is segmented into supermarket/hypermarkets, convenience stores, grocery stores, and online retailers.

Report Coverage

The market for Malaysia culinary coconut milk contains qualitative & quantitative insights by encompassing critical factors such as product types, distribution channels, market size, and growth rate of all segments. Additionally, factors such as a comprehensive analysis of the market with a forecast on a global scale have been provided. Also, ongoing mergers & acquisitions, regulatory scenarios, and key industry trends have been highlighted.

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Drivers & Restraints

Rising Utilization of Coconut Milk and Rising Awareness of Products to Augment Market Growth

Factors such as the rising availability of raw materials among manufacturers and increasing integration of products among traditional cuisines will boost the Malaysia culinary coconut milk market growth during the forecast period. Rising demand from the HORECA sector and rising awareness regarding the health benefits will increase the footprint of the market. Also, expanding quick-service restaurants and increasing consumer inclination among consumers toward veganism will further fuel the growth of the market.

However, the availability of alternatives will limit the growth of the market during the forecast period.

Regional Insights

Malaysia to Witness Huge Growth due to Increasing Tourism Sector

The rising middle-class economy and the inclination of a majority of the population to switch to coconut milk toward their regular cuisine will increase the footprint of the market in the region. Rising plant-based hunger among the general population and the rapidly advancing foodservice sector will fuel the growth of the market. Also, rising understanding of consumers toward maintaining a balanced lifestyle and increasing consumer expenditure will increase the penetration of the Malaysia culinary coconut milk market share.

Competitive Landscape

Product Development & Rising Focus Toward Introducing New Flavors to Help Prominent Players Gain Edge

The market for Malaysia culinary coconut milk is filled by rising consumer demand along with an increasing influence of culinary ingredients. Dominant players are focused on developing novel products focused on taste and texture to attract a larger consumer base. For example, in April 2021, Dunkin Brands announced that it will be integrating coconut milk as a dairy alternative across all restaurants to tend customized beverages. Smaller players are consolidating the remaining market share. Additionally, expanding their current product portfolio for meeting the rising consumer demand will further help the market integrate toward a competitive edge.

Industry Development

• December 2021 - Ayam Brand launched its organic coconut milk variant in Malaysia, which is made using free from hormone, pesticides, and GMO coconuts.

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Pregelatinized Starch Market to Hit USD 2.38 billion by 2028 at a CAGR of 4.3% by 2021-2028

The pregelatinized starch market size was valued at USD 1.72 billion in 2020. The market size is expected to rise from USD 1.77 billion in 2021 to USD 2.38 billion by 2028 at a CAGR of 4.3% during the projected period. The global market is expected to rise during the projected period due to rising starch demand in the food & beverage sector to store processed and ready-to-eat food packages. Fortune Business Insights™ publishes this information in a report titled, "Pregelatinized Starch Market, 2021-2028".

Pregelatinized starch is a form of carbohydrate that is cooked and dried to be converted into flaked or powder form. These starches are extracted from potatoes, wheat, and corn. The starches are used in ready-to-eat and processed foods and are efficiently digestible. Also, properties such as biodegradable are likely to foster market growth.

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List of Key Players Profiled in the Report:

• Cargill Incorporated (Iowa, U.S.)
• Tate & Lyle (London, U.K.)
• Visco Starch (Gujarat. India)
• Galam (Ma'anit, Israel)
• Banpong Tapioca Flour Industrial Co Ltd. (Bangkok, Thailand)
• Crest Cellulose (Andhra Pradesh, India)
• DFE Pharma (Tamil Nadu, India)
• Karandikars Cashell Private Limited (Maharashtra, India)
• Grain Processing Corporation (Iowa, U.S.)
• S A Pharmachem Pvt Ltd. (Maharashtra, India)

Segments:

Source, Application, and Region are Studied

By source, the market is divided into corn, wheat, potato, and others.

Based on application, the market is segmented into food & beverage, pharmaceutical, cosmetics, and others.

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

Report Coverage:

The research report provides factual data regarding statistics and information regarding development trends and advancements in the industry. Also, innovative strategies and latest trends in the market are discussed along with industrial developments implemented by key players. The report focuses on various developments such as technological advancements and innovation activities adopted by prominent players in the industry.

Drivers & Restraints:

Rising Product Demand in Food & Beverage Sector to Bolster Market Expansion

The market is anticipated to propel market growth in the coming years, owing to increasing product demand in the food & beverage sector. Also, the product requirement in the cosmetics and personal care industry is likely to boost the market. Furthermore, the rising demand for ready-to-eat and processed food products in an emerging market is expected to increase product supply and bolster market expansion globally. These factors are likely to ensure the pregelatinized starch market growth during the forecast period.

However, the high energy required to process the starch is likely to hinder the market growth.

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Regional Insights:

Europe Dominates Global Market Due to Increasing Product Demand

Europe holds the most prominent global market share during the forecast period owing to the rising demand for personal care and cosmetic products. Increased utilization of starch in this sector is likely to propel market growth.

North America holds the second-largest global pregelatinized starch market share, owing to rising product demand in the food & beverage sector. The presence of key players in the region is expected to increase the production rate and rise the supply of the starch to various industries.

Competitive Landscape:

Innovation Strategies Allows Key Players to Maintain Market Position

The presence of key players in the global market encourages the companies to implement development strategies such as partnerships, mergers, and acquisitions. The companies operating in various segmented regions focus on implementing innovative strategies to develop product portfolio and ensure product differentiation to gain competitive advantage.

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Industry Development

• March 2020: Tate & Lyle, MIRA-Gel forms a gel at room temperature and is similar to the starch produced from cooked starches and heat-processed gel-forming agents or gums. These agents can be used for instant foods and cold processed starch.