The global   phosphatic fertilizers market   was valued at USD 62.24 billion in 2018 and is anticipated to reach USD 83.28 billion by 2026, registering a CAGR of 3.80% during the forecast period. In 2018, North America led the market with a 12.11% share.

Phosphorus plays a crucial role in root development and enhances a plant’s ability to withstand drought conditions. This essential nutrient is vital for plant growth, aiding in seed and fruit ripening. Phosphatic fertilizers, including diammonium phosphate (DAP) and monoammonium phosphate (MAP), address phosphorus deficiencies in soil. Both DAP and MAP contain significant amounts of ammonia, and advancements in ammonia production—such as green ammonia, are expected to propel market expansion. For instance, in August 2018, The OCP Group announced plans to develop green ammonia as a sustainable raw material for fertilizer production. As a leading phosphate fertilizer exporter, OCP relies on ammonia as a key input for its DAP and MAP products. The company is also committed to sustainability and has been exploring supply chain opportunities for sustainable ammonia production.

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Growth Opportunities in the Global Phosphatic Fertilizers Market

The market presents vast opportunities driven by the development of sustainable fertilizers, emerging agricultural economies, and technological advancements. The rising demand for eco-friendly fertilizers, including slow-release and bio-based phosphatic fertilizers, is gaining momentum to reduce environmental impact and enhance nutrient efficiency. Additionally, regions such as Asia-Pacific and Latin America hold significant growth potential due to increasing agricultural investments and the adoption of modern farming techniques, particularly for high-value crops. Moreover, innovations such as controlled-release fertilizers and nano-fertilizers are improving nutrient uptake efficiency while minimizing environmental impact, further expanding market opportunities.

Increasing Product Launches Driving Market Growth

Several factors have contributed to market expansion in recent years, with an increasing number of product launches playing a pivotal role. In September 2016, ICL introduced a new technology for producing controlled-release fertilizers. The company unveiled ‘E-Max Release Technology,’ designed to regulate the release of nutrients like phosphate and nitrogen. This innovation is expected to generate substantial revenue for the phosphatic fertilizers market and significantly impact its growth trajectory.

Challenges Affecting Market Expansion

Despite its growth potential, the global phosphatic fertilizers market faces several challenges, including rising raw material costs, environmental concerns, and price volatility. Limited phosphate rock supply and increasing extraction costs—particularly in key producing regions such as China, Morocco, and the United States—have raised production expenses, restraining market growth. Additionally, excessive fertilizer use can lead to nutrient runoff, causing water pollution and eutrophication, which has led to stricter environmental regulations, especially in the European Union. Furthermore, fluctuating fertilizer prices, influenced by raw material costs, government policies, and supply chain disruptions, impact purchasing decisions and market stability.

North America Leads the Market, While Asia-Pacific Shows Strong Growth Potential

The phosphatic fertilizers market is analyzed across key regions, including North America, Latin America, Asia-Pacific, and the Middle East & Africa. North America currently dominates the market, driven by high demand for agricultural produce. In 2018, the regional market was valued at USD 7.54 billion, with projections indicating further growth in the coming years. Meanwhile, Asia-Pacific is expected to witness significant expansion due to its vast agricultural land and increasing adoption of modern farming techniques.

Leading Companies in the Phosphatic Fertilizers Market

Key players in the global phosphatic fertilizers market include:

• Yara International ASA
• Israel Chemical Ltd.
• The Mosaic Company
• CF Industries Holdings, Inc.
• Coromandel International Limited
• The OCP Group
• PhosAgro PJSC
• Sociedad Química y Minera de Chile S.A.
• Nutrien Ltd.
• Koch Industries, Inc.

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Industry Developments

• February 2019:  ICL launched two new phosphatic fertilizer products, Renovator and Turf Starter, featuring Pearl Technology.

The global   freeze-dried fruits and vegetables market   was valued at USD 8.21 billion in 2023. It is projected to expand from USD 8.75 billion in 2024 to USD 14.87 billion by 2032, reflecting a CAGR of 6.86% over the forecast period. Europe led the market with a dominant share of 93.4% in 2023.

The processed fruits and vegetables sector represents a significant and growing segment within the food and beverage industry. Its expansion is fueled by increasing urbanization, fast-paced lifestyles, and a rising preference for convenient, ready-to-eat food products. This sector includes various product types such as frozen, canned, dried, and juiced fruits and vegetables, catering to both retail and food service markets.

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Market Segmentation:

Freeze-Dried Fruits Segment to Witness Highest Growth Due to Expanding Application in Food Products

Based on type, the market is categorized into freeze-dried vegetables and freeze-dried fruits. The freeze-dried fruits segment is expected to grow at the highest CAGR during the analysis period, driven by its increasing usage in soups, snacks, breakfast cereals, confectionery, and bakery products.

Powder Segment to Experience Rapid Expansion Due to High Demand in the Food Service Industry

By form, the market is segmented into cuts & flakes, powder, and whole. The powder segment is set to exhibit the fastest growth, attributed to its rising demand in the food service and processing industries.

Household Segment to Grow Significantly, Driven by European Consumer Demand

Based on end-use, the market is divided into commercial and household. The household segment is anticipated to record the highest growth rate due to increased demand from European consumers who favor freeze-dried products for their convenience and nutritional benefits.

Online Distribution Channel to Expand Rapidly Due to Competitive Pricing Advantages

By distribution channel, the market is bifurcated into offline and online. The online segment is projected to grow at the fastest rate, supported by advantages such as doorstep delivery and cost-effective pricing offered by e-commerce platforms.

Geographically, the freeze-dried fruits and vegetables market has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.

Report Coverage:

The report highlights key factors driving market expansion and emerging trends. It provides an in-depth analysis based on type, form, end-use, and geography. Additionally, it covers strategic initiatives undertaken by leading market players to strengthen their market positions.

Market Drivers and Restraints:

Growing Awareness of Nutritional Benefits to Boost Market Growth

A 2020 study by the National Institute of Health indicates that freeze-drying preserves phenolics, anthocyanins, and antioxidant activity better than air drying. The process eliminates moisture without high temperatures, ensuring the retention of essential vitamins and minerals. Rising awareness of these nutritional benefits is expected to drive the market forward.

However, significant investments in storage facilities and infrastructure upgrades may pose challenges to market expansion.

Regional Insights:

Europe Leads Market Due to Rising Demand for Ready-to-Eat Foods

Europe dominates the freeze-dried fruits and vegetables market, driven by evolving consumer lifestyles and increasing demand for convenient food products.

Meanwhile, North America is poised for strong growth, supported by consumer preference for healthy and easy-to-prepare food options. According to the Food and Agriculture Organization, total product consumption in the region reached 148.48 million tons in 2021.

Competitive Landscape:

Key Players Invest in R&D to Align with Consumer Preferences

Major companies are adopting strategic initiatives, including research and development, to cater to growing consumer demand for convenient food products. Some of the leading players in the freeze-dried fruits and vegetables market include Berrifine A/S and Döhler GmbH.

List of Key Players Mentioned:

• Berrifine A/S (Denmark)
• Binder International (Germany)
• Chaucer Foods Ltd (U.K.)
• Döhler GmbH (Germany)
• European Freeze Dry (Denmark)
• Swastik Food (India)
• Fujian Lixing Foods Co., Ltd. (China)
• Aum Agri Freeze Foods (India)
• Paradise Fruits (Germany)
• Totally Pure Fruits Pty Ltd (Australia)

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Key Industry Development:

• December 2021   – Arbor Investments acquired Oregon Freeze Dry from Endeavour Capital. The acquisition was considered a strategic investment due to Oregon Freeze Dry's extensive scale and strong relationships with blue-chip clients.

The global   curcumin market   size was valued at USD 93.24 million in 2024 and is projected to grow from USD 101.67 million in 2025 to USD 205.48 million by 2032, exhibiting a CAGR of 10.57% during the forecast period. Asia Pacific led the curcumin market with a 31.63% share in 2024. Additionally, the U.S. market is expected to experience significant growth, reaching an estimated USD 44.53 million by 2032, driven by the region’s expanding pharmaceutical and food & beverage industries.

Turmeric is derived from the rhizomes of the Curcuma longa plant and contains curcumin, a bioactive polyphenolic compound. While turmeric has been used for centuries in traditional medicine, its therapeutic efficacy is limited by its low bioavailability. However, curcumin has gained significant interest in recent decades from pharmaceutical researchers and food formulators due to its various health benefits. It is known to aid in managing inflammatory conditions, anxiety, arthritis, metabolic syndrome, and hyperlipidemia. Studies also suggest that curcumin may help with exercise-induced muscle soreness and recovery.

Curcumin is commonly used as a nutritional supplement, an ingredient in cosmetics, a food flavoring agent in South and Southeast Asia, and as a food coloring in curry powder, mustard, butter, and cheese.

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Market Segmentation

Conventional Segment Dominates Due to Easy Availability and Lower Costs

Based on nature, the market is divided into organic and conventional. The conventional segment holds the largest market share due to its easy availability and lower cost, particularly in Southeast Asian countries. This dominance is expected to continue throughout the forecast period.

Pharmaceutical Segment Leads with High Demand from the Healthcare and Natural Medicine Industries

By application, the market is categorized into food & beverages, pharmaceuticals, cosmetics, and others.

The pharmaceutical segment holds the largest share due to curcumin’s antioxidant, anti-inflammatory, and anti-cancer properties. It is widely used in Ayurvedic medicine, cosmetics, functional foods, and natural additives. With the growth of the cosmetic industry and the rising consumer preference for traditional medicine, this segment is expected to expand significantly in the coming years.

Regionally, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The research report offers an in-depth analysis of the market, highlighting key aspects such as the competitive landscape, distribution channels, and major product categories. Additionally, it provides insights into market trends and industry developments. Alongside these factors, the report examines various elements that have contributed to recent market expansion.

Drivers and Restraints

Increasing Demand for Plant-Based Ingredients Fuels Market Growth

Growing global awareness of the environmental impact of animal-based foods has led to a shift toward plant-based diets and ingredients such as turmeric in food products. This trend, combined with rising investments in curcumin-based product development, including beverages, is expected to drive market growth.

However, the availability of low-cost substitutes and instances of product adulteration by some manufacturers to meet growing demand may hinder market expansion.

Regional Insights

Asia Pacific Dominates Due to Strong Demand in Food & Beverage and Traditional Medicine Sectors

The Asia Pacific region holds the largest curcumin market share, valued at USD 24.85 million in 2022. The region's dominance is driven by high demand from the food & beverage industries in India, China, and Bangladesh, along with strong usage in traditional medicine.

Meanwhile, North America’s market position is strengthened by the expanding pharmaceutical and food & beverage industries.

Competitive Landscape

Innovation Drives Competition as Startups Challenge Established Players

The curcumin market is witnessing increasing innovation and demand from the food, beverage, and cosmetics industries. To capture regional markets and expand in emerging regions, companies are implementing various strategies. Additionally, a surge of new startups is introducing innovative products, challenging established global players and prompting them to enhance their offerings to maintain market share.

Major Market Players

The leading companies in the curcumin market include:

• Wacker Chemie AG (Germany)
• Biomax Life Sciences Limited (India)
• Synthite Industries Ltd. (India)
• Arjuna Natural Pvt. Ltd (India)
• Kothari Phytochemicals & Industries Ltd. (India)
• Sydler Group of Companies (India)
• Vidya Herbs Private Limited (India)
• Konark Herbals and Health Care Pvt Ltd. (India)
• Plant Lipids Private Limited (India)
• Sami-Sabinsa Group (India)

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Key Industry Development

• July 2021 : Vieroots Wellness Solutions introduced a curcumin latte enriched with curcumin and MCT oil to help combat chronic inflammatory conditions such as cancer, diabetes, hypertension, and obesity.

The global   cheese market   was valued at USD 191.94 billion in 2024 and is projected to expand from USD 199.14 billion in 2025 to USD 283.10 billion by 2032, registering a CAGR of 5.15% over the forecast period. In 2023, Europe led the market with a 49.13% share. The U.S. cheese industry is expected to witness substantial growth, reaching an estimated value of USD 62.66 billion by 2032, driven by its widespread use in popular fast-food items like pizza and sandwiches.

The rising consumption of cheese is attributed to its versatility and wide variety. Additionally, the growing acceptance of ethnic cuisines, such as Italian and Mexican, which incorporate cheese extensively, further fuels market expansion.

According to the United States Department of Agriculture (USDA), per capita cheese consumption in the U.S. reached 40.2 pounds in 2020, reflecting a slight increase from the previous year. Cheddar and mozzarella continue to be the most popular varieties.

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Market Segments

Longer Shelf Life and Demand for Natural Cheese to Drive Growth

By type, the market is categorized into processed and natural cheese. Artisan manufacturers emphasize texture and use of herbs, flavors, fruits, spices, and nuts over artificial additives, boosting demand for natural cheese. Meanwhile, processed cheese remains widely adopted in developing regions such as South America, Asia Pacific, and the Middle East & Africa.

Animal-Based Cheese to Dominate Due to Widespread Availability

Based on source, the market is bifurcated into plant-based and animal-based cheese. The plant-based segment includes cashew, soy, almond, and others, while the animal-based segment covers cattle, camel, sheep, and goat cheese.

Animal-based cheese is expected to drive market growth due to its extended shelf life and attractive packaging. However, the plant-based segment is also gaining traction as consumers seek diverse alternatives.

Growing Use of Mozzarella in Various Cuisines Fuels Market Expansion

By product type, the market is segmented into feta, cheddar, parmesan, mozzarella, and others. The cheese’s flavor and texture depend on the type of milk and production process.

Mozzarella is projected to hold the largest market share due to its extensive use in pizza, home-cooked pasta, risotto, and enchiladas.

Block Cheese Availability Drives Market Growth

Based on form, the market is categorized into spreadable, block, and others.

Block cheese, available in both hard and soft varieties, requires a longer ripening period and is highly nutritious, contributing to its higher market share. Meanwhile, spreadable cheese is gaining popularity due to its ease of use in snacks, cakes, and sandwiches.

Expanding Product Availability to Boost Market Growth

By distribution channel, the market is divided into specialty stores, online retail, supermarkets/hypermarkets, and convenience stores.

The supermarkets/hypermarkets segment leads due to its wide product selection and the availability of free samples in some stores.

The global market is analyzed across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides:

• Major growth drivers, restraints, opportunities, and challenges.
• Detailed regional market insights.
• A list of leading industry players.
• Strategies adopted by key market participants.
• Industry developments, including product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints

Rising Demand for Plant-Based Cheese to Propel Market Growth

Plant-based cheese, made from ingredients like cashew, soy, and almond, is gaining popularity due to the increasing trend of veganism and plant-based diets. As consumer preferences shift, the introduction of more plant-based cheese products is expected to drive market expansion.

However, caesin, a protein found in traditional cheese, can cause allergic reactions such as acne, headaches, inflammation, and rashes. Health concerns associated with caesin consumption may pose a challenge to market growth.

Regional Insights

Increased Investments and Partnerships to Strengthen the European Market

European consumers prioritize health and wellness, opting for organic and non-GMO products, which positively impact the region’s cheese market.

In North America, the demand for nutritious and convenient food products is fueling market expansion. The region, especially among millennials, is witnessing evolving dessert and snack consumption habits, further driving growth.

Competitive Landscape

Key Players Introduce New Products to Maintain Market Position

Leading industry players are adopting competitive strategies, including new product launches, to enhance their market presence and expand distribution channels.

Major Market Players

• The Kraft Heinz Company (U.S.)
• Fonterra Co-operative Group Limited (New Zealand)
• Arla Foods amba (Arla Foods Group) (Germany)
• FrieslandCampina (Netherlands)
• Saputo Inc. (Canada)
• Lactalis Ingredients (France)
• Wensleydale Creamery (U.K.)
• Dairy Farmers of America, Inc. (U.S.)
• SAVENCIA SA (France)
• Norseland Ltd (Tine Group) (U.K.)

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Notable Industry Developments:

• September 2021 : Lactalis Canada launched two direct-to-consumer platforms, DairyMarketCulinary.ca and Cheeseworld.ca, to enhance access to cheese and dairy products.

The global   agritourism market   was valued at USD 69.24 billion in 2019 and is projected to reach USD 197.37 billion by 2032, reflecting a CAGR of 8.88% during the forecast period, according to our analysis. Europe led the market with a 47.07% share in 2019.

The increasing shift toward entrepreneurship among farmers worldwide is significantly influencing the agritourism sector. Additionally, the market is expanding rapidly due to government initiatives aimed at boosting revenue in both agriculture and tourism. Growing consumer demand for affordable, nature-based, and sustainable tourism is a key driving force for the sector. Furthermore, increased efforts by governments, private organizations, and associations to develop agritourism through various projects and programs are expected to further fuel market growth.

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This Report Addresses the Following Questions:

• What are the key drivers and barriers in this market?
• What opportunities and challenges exist in the industry?
• Which segment is expected to lead in the future?
• Which region is anticipated to dominate in the coming years?
• What strategies are companies implementing to promote agritourism?

Drivers & Restraints

Farmers Transforming Properties into Agritourism Destinations to Drive Growth

Tourism and recreational activities contribute significantly to revenue generation for agricultural farms globally. As a result, many farm owners are rapidly converting their properties into agritourism destinations, which serves as a key driver for market growth. According to the Census of Agriculture, agritourism revenues from U.S. farms tripled between 2002 and 2017, highlighting the increasing investment in this sector. This trend is gaining momentum as farmers seek alternative income streams due to declining crop productivity.

Impact of COVID-19 on the Global Market

• The COVID-19 pandemic has severely disrupted the tourism sector.
• Lockdowns and transportation restrictions in many countries have significantly affected agritourism.
• Market growth remains uncertain due to the evolving situation.
• However, recovery is expected as conditions improve.

Segment Analysis

Direct-Market Agritourism Segment to Benefit from Increased Farm Product Sales

By type, the direct-market agritourism segment accounted for 36.06% of the market share. This growth is driven by rising government investments aimed at strengthening the agricultural economy and increasing farm product sales. Tourists interested in rural lifestyles are keen on purchasing authentic farm products and services, contributing to economic growth for farmers. In recent years, many farm owners have expanded their offerings to include a variety of fresh produce, further driving segment expansion.

Regional Insights

Europe to Lead the Market Due to Unique Promotional Strategies

Europe generated USD 32.59 billion in revenue in 2019 and is expected to dominate the agritourism market in the coming years. This is primarily due to the growing interest of both international and domestic tourists in on-farm agritourism for educational and recreational experiences. Additionally, strong government support, expansion of farm product offerings, and innovative promotional strategies are expected to further drive market growth in the region.

Competitive Landscape

Key Companies Focus on Collaborations to Strengthen Market Position

The agritourism market is highly fragmented, with numerous small, medium, and large-scale companies operating globally. Many organizations are collaborating with local startups to expand their businesses and increase farmers' income.

Notable Industry Developments:

• 2019 : Field Farm Tours, a UK-based agricultural tour specialist, organized several major events, including the Devon World Conference, IFMA Pre & Post Tours, World Charolais Congress, Red Poll World Conference, and the 4th World Guernsey Conference, to enhance its revenue and market presence.
• January 2017 : Stayzilla, an Indian homestay network, partnered with the Agri Tourism Development Company (ATDC) to promote agritourism homestays across the country, expanding its footprint in rural tourism.

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Major Companies in the Global Agritourism Market:

• Liberty Hill Farm (United States)
• Harvest Travel International (United States)
• Farm to Farm International (New Zealand)
• STAR Destinations (United States)
• Stita Group (United Kingdom)
• Select Holidays (Canada)
• Agritours Canada Inc. (Canada)
• Kisima Safaris (Kenya)
• Field Farm Tours Limited (United Kingdom)
• Greenmount Travel (Australia)

In 2024, the global   food service market   was valued at USD 3,486.58 billion. It is expected to grow from USD 4,027.61 billion in 2025 to USD 6,810.86 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.79% during the forecast period. The U.S. food service market is also set for substantial growth, projected to reach approximately USD 1,767.54 billion by 2030. By 2032, the U.S. market is expected to expand further, reaching an estimated USD 1.71 billion, driven by the increasing number of fast food chains and higher consumer spending on quick-service dining. In 2024, the Asia Pacific region led the global food service market, holding a dominant share of 45.71%.

The food service industry encompasses businesses that prepare and distribute food for on-premise dining, takeaway, and delivery. This sector includes food service retailers, counter and table service establishments, and catering providers. The global food service market continues to expand, fueled by rising household incomes, an increasing number of working women, and the growing demand for convenience in fast food consumption.

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Segments:

By Type: Full-Service Restaurants Segment to Gain Momentum Through 2029

Based on type, the market is categorized into quick-service restaurants, full-service restaurants, institutes, and others. Among these, the full-service restaurants segment dominates the market share due to the extensive variety of food options available on menus. The increasing trend of family dining experiences is driving the growth of such establishments, further accelerating the expansion of this segment.

By Service Type: Commercial Food Service Segment to Witness Significant Growth from 2022 to 2029

Regarding service type, the market is divided into commercial and institutional sectors. The commercial segment is anticipated to experience substantial traction throughout the forecast period, primarily due to the rising presence of food chains, food trucks, cafes, restaurants, and online food delivery services. This segment encompasses quick-service restaurants, full-service restaurants, and dine-in/takeaway services.

Report Coverage:

The report provides:

• Key growth drivers, constraints, opportunities, and challenges shaping the market.
• In-depth analysis of regional market trends.
• Profiles of major industry players.
• Strategic initiatives implemented by market participants.
• Updates on industry developments, including product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Expansion of Fast-Food Chains and Quick-Service Restaurants to Propel Market Growth

The growth of the food service industry is largely fueled by increasing dual-income households and rising disposable incomes. The expanding millennial demographic and the growing appeal of fast-food chains serve as key catalysts for market advancement. With fast-food establishments continuously expanding into new and emerging markets, the industry is poised for significant growth in the forthcoming years.

Nonetheless, the lingering impact of the COVID-19 pandemic may influence market trends in the foreseeable future.

Regional Insights:

North America Food Service Market Valued at USD 989.0 Billion in 2021

North America led the global food service market in 2021, generating over USD 989.0 billion in annual revenue. This dominance is attributed to the increasing number of dual-income households, heightened expenditure on fast food, and the expansion of fast-food chains. The presence of a sizable millennial population and rapidly evolving lifestyle trends will further drive regional market growth.

The Asia-Pacific region is projected to witness the highest CAGR from 2022 to 2029, propelled by the rising number of restaurants and fast-food outlets in Tier-II and Tier-III cities. Meanwhile, Europe is expected to experience steady growth due to the increasing prevalence of quick-service restaurants, cafes, pubs, and coffee shops.

Competitive Landscape:

Leading Players Leverage Acquisition Strategies for Market Expansion

During the COVID-19 pandemic, most market players avoided entering volatile markets to mitigate business risks. However, as pandemic-related disruptions subsided, companies actively pursued expansion opportunities. For example, Imperial Dade acquired Empire Distributors, enabling operations across 91 new distribution centers in the U.S. Similar strategies are being employed by key players as they seek growth in untapped markets.

List of Key Players Profiled in the Market Report:

• McDonald's (U.S.)
• Starbucks (U.S.)
• Yum! Brands, Inc. (U.S.)
• Darden Restaurants, Inc. (U.S.)
• Restaurant Brands International Inc. (Canada)
• The Wendy’s Company (U.S.)
• Bloomin’ Brands, Inc. (U.S.)
• Papa John's International, Inc. (U.S.)
• Chipotle Mexican Grill, Inc. (U.S.)
• Domino's (U.S.)

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Key Industry Development:

July 2021:   Delivery Hero resumed operations in Germany under its Food Panda brand, targeting one of Europe’s largest food service markets.

The global   probiotics market   was valued at USD 48.88 billion in 2019 and is projected to grow to USD 94.48 billion by 2027, reflecting a compound annual growth rate (CAGR) of 7.9% during the forecast period. In 2019, North America dominated the market, holding a 16.98% share of the global revenue. The U.S. probiotics market is anticipated to expand significantly, with estimates suggesting it will reach USD 17.99 billion by 2032, driven by rising demand for immunity-boosting and probiotic-enriched foods due to their health advantages.

Increasing consumer awareness about preventive healthcare, coupled with a growing preference for natural and safe wellness products, is expected to propel market growth. Furthermore, efforts by professional organizations to educate consumers and encourage probiotic consumption will contribute to this expansion. For instance, the Nutrition Society of Malaysia (NSM) has introduced the Probiotics Education Program (PEP) to raise awareness about the health benefits of probiotics.

Information Source:   https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083  

What Does the Report Cover?

The report offers a detailed assessment of major growth drivers, restraints, opportunities, and challenges shaping the market during the forecast period. It also includes an extensive analysis of regional trends impacting market expansion. Our research team, utilizing industry expertise and multiple analytical approaches, has compiled this data. Additionally, the report evaluates the competitive landscape, highlighting key strategies such as product launches, partnerships, mergers, acquisitions, and collaborations adopted by companies to strengthen their market presence between 2020 and 2027.

Key Growth Drivers

Increasing Preference for Immunity-Boosting Foods Fuels Market Expansion

The rising incidence of lifestyle-related disorders, such as obesity and diabetes, is driving demand for healthier food options. The World Health Organization (WHO) reports that global obesity rates have nearly tripled since 1975. This growing health concern has spurred the demand for immunity-supporting products like probiotics. Furthermore, technological advancements are helping manufacturers educate consumers about the benefits of probiotics, contributing to market growth. These factors are expected to significantly boost the global probiotics market in the coming years.

Market Segmentation Supermarkets/Hypermarkets Held 61.33% Market Share in 2019

In 2019, supermarkets and hypermarkets dominated the market, accounting for 61.33% of total sales. This segment's growth is driven by the wide availability of probiotic products, convenience, and promotional benefits such as discounts and cashback offers.

Regional Analysis

Asia-Pacific to Dominate Market Growth with Rising Demand for Fermented Beverages

The Asia-Pacific region is anticipated to lead the global probiotics market, supported by increasing consumption of fermented foods and beverages, which promote gut health and balanced nutrition.

Meanwhile, North America, valued at USD 8.30 billion in 2019, is expected to experience strong growth over the forecast period. This expansion is driven by the growing prevalence of lifestyle diseases and the presence of key manufacturers investing in innovative probiotic solutions between 2020 and 2027.

Competitive Landscape

Major Players Focus on Innovation to Enhance Market Position

The global probiotics market features several prominent companies actively working to strengthen their foothold through new product development. Leading firms are adopting strategies such as collaborations, mergers, acquisitions, and partnerships to expand distribution networks and accelerate market growth.

• Danone S.A. (Paris, France)
• Lallemand Inc. (Canada)
• Yakult Honsha (Japan)
• Nestlé S.A. (Vevey, Swizerland)
• DuPont (Danisco A/S) (Delaware, United States)
• Hansen (Horsholm, Denmark)
• Kerry Inc. (Tralee, Ireland)
• Post Holdings, Inc. (Missouri)
• Pepsico, Inc. (New York, United States)
• Evolve Biosystems, Inc. (Davis, California)

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Industry Developments

June 2020 –   Pendulum Therapeutics introduced  Pendulum Glucose Control , a groundbreaking medical probiotic clinically proven to help lower blood sugar spikes and reduce A1C levels—a first in the probiotics market.

The global   soup market   was valued at USD 16.12 billion in 2019 and is expected to reach USD 21.0 billion by 2027, growing at a compound annual growth rate (CAGR) of 2.79% from 2020 to 2027. In 2019, Europe dominated the market, holding a 37.66% global revenue share.

The market's expansion is fueled by increasing demand for processed food products across both developed and emerging regions. Major drivers include the rising working population, more women in the workforce, busy lifestyles, urbanization, westernization, and higher disposable income spent on processed foods. These factors have shifted consumer preferences toward convenient food options like ready-to-eat (RTE), ready-to-drink (RTD), and other instant meals, further boosting the growth of the soup industry.

Information Source:   https://www.fortunebusinessinsights.com/soup-market-102838  

What Does the Report Cover?

The report delivers a detailed market assessment, analyzing key growth drivers, restraints, opportunities, and challenges that will shape the industry throughout the forecast period. It evaluates regional trends and their influence on market expansion, incorporating insights from industry experts gathered through rigorous research methodologies. The competitive landscape section highlights strategic initiatives such as product launches, partnerships, mergers & acquisitions, and collaborations undertaken by key players to enhance their market presence between 2019 and 2026.

Drivers and Restraints

Increasing Preference for Convenience Foods Fuels Market Expansion

Rising global populations and higher disposable incomes are boosting demand for convenient food options. Consumers with hectic lifestyles increasingly favor ready-to-eat and instant meals, while the growing number of working women further accelerates market growth. Manufacturers are responding with innovative product offerings to meet this demand. Additionally, the surge in packaged food consumption across both mature and emerging economies supports market growth. For example, as per the Canada Agri-Food Report, China's total food sales reached USD 272,741 million in 2019, with an expected growth rate of 7%.

Market Segmentation

Instant Soup Segment Leads Industry Growth

The Instant Soup category (by type) is projected to expand significantly, holding a 36.78% market share in 2019 due to rising consumer demand for ready-to-eat meals. Meanwhile, the canned soup segment is expected to secure the second-largest share, particularly in developed markets like the U.S. and Germany, where canned soups outperform chilled or dehydrated varieties.

Regional Insights

Europe Maintains Dominance with Strong Consumer Demand

Europe is anticipated to remain the leading market, generating the highest revenue during the forecast period. In 2019, the region’s market was valued at USD 6.07 billion, driven by widespread demand for processed foods. North America follows as the second-largest market, supported by high consumer preference for instant food products.

COVID-19 Impact Accelerates Market Growth

The pandemic has positively influenced the soup market, with Fortune Business Insights projecting a higher CAGR in 2020 due to increased consumption of instant foods during lockdowns. As remote work and learning became widespread, demand for convenient meal options surged, further propelling industry growth.

Competitive Landscape

Strategic Initiatives Strengthen Market Position

In May 2020, Chef Ris Lacoste of Ritzy West End launched a $15 takeaway package in Washington, D.C., featuring weekly salads, fresh bread, and pint-sized soups with free delivery—a response to pandemic-related challenges. Similar initiatives by other companies, along with strategies like product launches, collaborations, and mergers & acquisitions, are expected to drive market growth between 2020 and 2027.

List of the Companies Operating in the Market:

• The Campbell Soup Company
• Nestlé S.A
• Baxters Food Group Limited
• General Mills, Inc
• Conagra Brands, Inc.
• Premier Foods Group Limited
• The Kraft Heinz Company
• Hindustan Unilever Limited
• Ottogi Co., Ltd
• Associated British Foods plc

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Industry Developments

January 2020:  Clarity Food Ventures LLC introduced its new refrigerated soup kit line, Soup Explorers, designed for quick and easy preparation. The product features a range of globally inspired flavors, such as Vietnamese Vegetable Pho, American Chicken Noodle, and Moroccan Chilled Cucumber. This strategic launch is anticipated to enhance the company’s competitive edge in the global soup market.