The global   soup market   was valued at USD 16.12 billion in 2019 and is anticipated to grow to USD 21.0 billion by 2027, registering a CAGR of 2.79% over the forecast period (2020–2027). The U.S. soup market is also set to expand notably, projected to reach USD 5.89 million by 2032. This growth is largely attributed to increasing consumer demand for convenient meal options and ongoing innovation by manufacturers in soup varieties. In 2019, Europe led the global soup market, accounting for a 37.66% share.

The market's growth is primarily fueled by rising consumption of processed foods across both developed and emerging economies. Contributing factors include an expanding working population, an increase in working women, fast-paced lifestyles, growing urbanization and western influences, and higher per capita spending. These trends drive demand for instant food products such as ready-to-eat (RTE), ready-to-drink (RTD), and other convenience foods, thereby propelling the market forward.

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

What Does the Report Cover?

The report offers a comprehensive evaluation of the market, examining major growth drivers, limitations, opportunities, and challenges expected to impact the industry during the forecast timeline. It also analyzes regional patterns and their effects on market development, incorporating expert insights gathered through meticulous research. The section on competitive landscape outlines key strategic activities, including product introductions, partnerships, acquisitions, and collaborations by major players from 2019 to 2026.

Drivers and Restraints

Growing Demand for Convenient Food Drives Market Growth

The increasing global population and rising disposable incomes are boosting the appeal of convenient food options. Consumers with busy lifestyles are leaning toward instant and ready-made meals, while the increasing number of working women adds further momentum to this trend. Manufacturers are adapting by offering more innovative products. Additionally, the surge in packaged food consumption in both established and growing markets supports this trend. For instance, according to the Canada Agri-Food Report, China’s food sales amounted to USD 272,741 million in 2019 and were expected to grow at 7%.

Market Segmentation

Instant Soup Segment Dominates Market Share

Among product types, the instant soup segment led the market with a 36.78% share in 2019, owing to strong demand for ready-to-eat options. The canned soup category held the second-largest share, especially in mature markets like the U.S. and Germany, where it outperformed chilled and dehydrated variants.

Regional Insights

Europe Retains Leading Position Due to High Processed Food Demand

Europe is forecasted to continue dominating the global market, contributing the highest revenue throughout the forecast period. In 2019, the European soup market was valued at USD 6.07 billion, driven by consistent demand for processed food. North America holds the second-largest share, supported by strong consumer preference for instant meals.

COVID-19 Impact Accelerates Industry Growth

The COVID-19 pandemic has positively impacted the soup industry, with Fortune Business Insights anticipating a higher-than-expected CAGR for 2020. Lockdowns and increased remote working and learning drove demand for quick and easy meal solutions, significantly boosting market growth.

Competitive Landscape

Strategic Moves Strengthen Competitive Position

In May 2020, Chef Ris Lacoste from Ritzy West End introduced a USD 15 takeaway offering in Washington, D.C., which included weekly salads, bread, and pint-sized soups with free delivery—an initiative in response to pandemic challenges. Such efforts, along with ongoing product launches, strategic partnerships, and mergers & acquisitions, are expected to reinforce market growth from 2020 to 2027.

Key Players in the Market Include:

• 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

Tariff Impact Analysis for Soup Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/soup-market-102838  

Industry Developments

January 2020:   Clarity Food Ventures LLC rolled out its new line of refrigerated soup kits under the brand "Soup Explorers." Designed for easy and fast preparation, the product range includes globally inspired flavors like Vietnamese Vegetable Pho, American Chicken Noodle, and Moroccan Chilled Cucumber. This launch is aimed at strengthening the company’s position in the international soup market.

The global   superfoods market   was valued at USD 188.02 billion in 2024 and is projected to expand from USD 202.10 billion in 2025 to USD 339.59 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.70% during the forecast period. In 2023, North America led the global market, accounting for a 41.2% share. Prominent market players include Terrasoul Superfoods, Archer Daniels Midland Company, and Suncore Foods.

Superfoods are widely regarded as nutrient-dense products known for their exceptional health-enhancing and therapeutic properties. These foods are typically abundant in essential nutrients, such as antioxidants, vitamins, minerals, and flavonoids, offering benefits that go beyond basic nutrition. Commonly consumed superfoods across the globe include flax seeds, chia seeds, blueberries, goji berries, and quinoa. Although the superfood trend is still in its developmental phase, it is rapidly gaining traction among health-conscious consumers seeking natural dietary solutions. Regular consumption of superfoods is associated with several benefits, including improved cognitive function, higher energy levels, and reduced cardiovascular risks. Additionally, the increasing availability of diverse superfood products enhances both the flavor and nutritional profile of food items.

Information Source:  https://www.fortunebusinessinsights.com/super-foods-market-102484  

Segmentation

Fruits Segment Leads Market Due to High Nutritional Content

Based on product type, the market is categorized into vegetables, grains & seeds, fruits, herbs & roots, and others. In 2024, the fruits category emerged as the leading segment, attributed to its rich content of vital nutrients such as vitamins, minerals, and fiber. These elements are crucial for maintaining health and are known to lower the risk of chronic diseases including cancer and heart conditions.

Beverages Segment Dominated Due to Widespread Use in Functional Drinks

By application, the market is segmented into snacks, processed fruit & vegetable snacks, beverages, bakery, confectionery, and others. The beverages category held the largest share and is expected to experience robust growth over the forecast period. This is largely due to the incorporation of superfood ingredients in popular drinks, such as fortified vegetable and fruit juices, energy beverages, sports drinks, and probiotic drinks.

Supermarkets/Hypermarkets Lead Distribution Due to Product Variety and Promotions

In terms of distribution channels, the market includes supermarkets/hypermarkets, convenience stores, specialty stores, online retail, and others. Supermarkets and hypermarkets held the top position in the market and are expected to retain their lead moving forward. This growth is supported by the broad product variety and promotional offers on bulk purchases that attract consumers.

Geographically, the market spans North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Report Coverage

The report presents a comprehensive evaluation of the market, spotlighting essential areas such as key applications, product categories, distribution methods, and major companies. It also addresses emerging trends and recent industry developments, along with various other contributing factors that have driven market growth.

Drivers and Restraints

Rising Demand Among Aging Population to Support Market Growth

Nutritional needs become more critical with age, as older individuals often face health concerns, lifestyle changes, and diminished nutrient absorption. The aging population also sees a higher incidence of chronic conditions such as diabetes, heart disease, and osteoporosis. In response, manufacturers are focusing on nutrient-rich "superfood ingredients" aimed at enhancing health in older adults. These developments are boosting the demand for natural supplements and thereby fueling the growth of the superfoods market.

Nonetheless, the high cost associated with these natural products poses a significant challenge to broader market adoption.

Regional Insights

North America Leads Due to Rising Health Concerns

North America continues to lead the global market, supported by a dynamic food and beverage industry and increasing rates of chronic illnesses. This has prompted a consumer shift toward healthier food options, especially those containing natural, nutrient-rich ingredients. Notably, the United States holds the highest consumption of superfood-based products in the region.

Europe ranks as the second-largest market and is expected to show strong growth. Key growth drivers include the growing popularity of plant-based diets and increased demand for functional food options.

Competitive Landscape

Key Players Introduce Superfood-Based Products to Expand Consumer Reach

Notable companies such as Archer Daniels Midland Company, Terrasoul Superfoods, Del Monte Foods, and Creative Nature are focusing on launching new superfood-infused products like quinoa puffs and beetroot chips to appeal to health-conscious consumers worldwide.

List of Major Companies Featured in the Superfoods Market Report:

• Archer Daniels Midland Company (U.S.)
• Suncore Foods, Inc. (U.S.)
• Del Monte Foods (U.S.)
• Creative Nature (U.K.)
• Terrasoul Superfoods (U.S.)
• Navitas Organics (U.S.)
• Sunfood Superfoods (U.S.)
• The Green Labs LLC (U.S.)
• OMG Superfoods (U.S.)
• Raw Nutritional (Canada)

Tariff Impact Analysis for Superfoods Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/super-foods-market-102484  

Noteworthy Industry Development:

• October 2024 : Kate’s Real Foods, a U.S.-based organic snack brand, introduced a new “Pumpkin Spice” energy bar to the market. Made with high-quality ingredients such as organic oats, real fruits, and pumpkin seeds, the bar offers 8 grams of protein per serving and reflects the company's continued innovation in the healthy snack category.

The global   gluten-free food market   was valued at USD 6.74 billion in 2023 and is forecasted to expand from USD 7.28 billion in 2024 to USD 13.81 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.33% during the 2024–2032 timeframe. In 2023, North America led the gluten-free food market, accounting for a 51.63% share. Notably, the gluten-free food market in the U.S. is expected to witness substantial growth, reaching an estimated USD 5.90 billion by 2032. This growth is fueled by heightened consumer awareness of celiac disease and a growing preference for healthier dietary choices.

Gluten-free foods are primarily developed for individuals with celiac disease and gluten sensitivities, as gluten consumption in these individuals can cause significant intestinal inflammation. However, these products are gaining popularity among the general population due to the perceived health benefits associated with a gluten-free lifestyle. Gluten, commonly found in baked goods, contributes to the texture and structure of food products but lacks nutritional value. Consequently, more consumers are opting to eliminate gluten to aid in weight management, improve digestive health, and boost energy levels. Furthermore, increasing interest in functional foods and innovation within the “free-from” product category are expected to drive growth in the gluten-free food market throughout the forecast period.

Information Source:   https://www.fortunebusinessinsights.com/industry-reports/gluten-free-food-market-100188  

COVID-19 Impact

Increased Focus on Health-Driven Consumption to Drive Market Growth

The COVID-19 pandemic is projected to have a favorable impact on the gluten-free food market due to the rising preference for health-conscious food choices among consumers. The surge in COVID-19 cases led to an increased demand for nutritious food options. Elevated spending on health-oriented food items is expected to further stimulate demand. In addition, companies’ implementation of reduced production capacities, flexible working shifts, and advanced manufacturing technologies is anticipated to help manage operational costs, thereby supporting market growth in the coming years.

Segments

Analysis by Type, Distribution Channel, and Region

Based on type, the market is divided into baby food, pastas & pizzas, snacks & ready-to-eat products, bakery products, and condiments & dressings. Distribution channels are segmented into supermarkets/hypermarkets, convenience stores, specialty stores, drugstores & pharmacies, and online retail platforms. Regionally, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

This report offers a comprehensive analysis of major segments and emerging market trends. It thoroughly examines the market’s driving and restraining factors, the impact of the COVID-19 pandemic, regional market performance, and strategic initiatives adopted by key players in the industry.

Drivers and Restraints

Increasing Cases of Celiac Disease and Gluten Intolerance to Accelerate Growth

A growing number of individuals diagnosed with celiac disease and gluten intolerance is expected to increase the demand for gluten-free foods. According to the journal   Clinical Gastroenterology and Hepatology , approximately 1.4% of the global population has been diagnosed with celiac disease. Rising interest in "free-from" and convenient food products is also likely to contribute to greater market adoption. Additionally, the popularity of flavored foods with added nutritional value is anticipated to support market expansion.

However, the relatively high price of gluten-free products and limited market penetration may act as barriers to growth.

Regional Insights

North America to Maintain Leadership Due to Growing Health Awareness

North America is expected to maintain its leading position in the gluten-free food market, supported by increasing health consciousness and dietary awareness. In 2020, the market size in North America was USD 2.72 billion and is projected to grow substantially in the following years. Rising consumer knowledge of celiac disease and the wide availability of gluten-free alternatives are likely to drive regional growth.

In Europe, demand for “free-from” products is increasing in countries such as Germany, Italy, and the U.K. Manufacturers are focusing on launching innovative products, such as gluten-free pasta, to meet consumer needs and boost market performance.

In the Asia Pacific region, rapid digital transformation and western dietary influences are contributing to the acceptance of gluten-free products. The growing artisanal bakery industry in the region is also anticipated to support market growth.

Competitive Landscape

Product Innovation as a Key Strategy for Market Leadership

Leading companies in the market are focusing on introducing innovative products to attract customers and strengthen their brand presence. For instance, in June 2021, Ulrick & Short Limited introduced Fazenda Nutrigel, a gluten-free functional flour aimed at enhancing the texture and viscosity of gluten-free bakery products. Such product innovations are expected to enhance consumer interest and improve brand positioning. Additionally, ongoing investments in R&D, strategic expansions, acquisitions, and advanced production technologies are contributing to competitive advantage.

Industry Development

• April 2021:   Nestlé SA introduced a new line of gluten-free meals tailored to meet consumers’ dietary preferences and health goals. The new offerings included high-protein products such as Cauliflower Crust Chicken Mozzarella Piada, Triple Cheese Macaroni & Cheese Bowl, and Pasta Bolognese Bowl.

Tariff Impact Analysis for Gluten Free Food Market:   https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/gluten-free-food-market-100188  

Key Companies Featured 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.)

In 2024, the global   biofertilizers market   reached a valuation of USD 2.53 billion. Forecasts indicate an increase to USD 2.83 billion in 2025 and further growth to USD 6.34 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.21% during the 2025–2032 period. North America led the market in 2024 with a 30.83% share. Within this region, the U.S. is projected to see notable expansion, with its market expected to hit USD 1.28 billion by 2032. This growth is supported by a surge in organic farming and increased governmental backing for sustainable agricultural practices.

Biofertilizers, also known as bioinoculants, are composed of beneficial microorganisms that assist in plant nutrient absorption by colonizing the rhizosphere once applied to soil or seeds. Frequently used microbial strains include nitrogen-fixing and phosphate-solubilizing bacteria, cyanobacteria, and specific molds. These microbes promote soil microbial activity, enhance nutrient uptake, and contribute to overall soil health. Additionally, biofertilizers serve as a natural barrier against pests and diseases, offering prolonged protection and minimizing the need for repeated applications. Their organic composition also makes them a cost-efficient substitute for synthetic fertilizers, helping growers reduce fertilization costs.

Information Source:  https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413  

Report Summary

This report provides an in-depth analysis of the biofertilizers industry, highlighting the main growth drivers, challenges, and market opportunities. It discusses recent developments, emerging trends, and strategic initiatives by leading companies. For further details, readers can consult the company’s official site.

Market Drivers and Challenges

Soil Degradation Driving Demand for Sustainable Solutions

The overuse of chemical fertilizers such as monoammonium phosphate and calcium nitrate has significantly degraded soil quality, diminishing arable land availability and reducing crop yields. As a result, there is a growing preference for sustainable alternatives like biofertilizers, which naturally enhance plant growth by improving soil structure and nutrient content.

However, certain challenges persist, such as relatively high production costs, lower adaptability, and shorter shelf life compared to their synthetic counterparts. Nonetheless, government policies supporting sustainable agriculture—through education initiatives and expanded supply networks—are expected to support market growth.

Market Segmentation

Cereal Crops Dominate Owing to Rising Demand for Organic Produce

The cereals segment held 43.74% of the market, propelled by growing global interest in organic food. The segment's leadership position is largely driven by the well-documented health advantages associated with cereal consumption.

Regional Insights

North America and Europe Maintain Leadership Due to Organic Farming Prevalence

North America and Europe continue to command significant shares of the global biofertilizers market, thanks to a dense presence of organic farming operations, particularly in the U.S. and Mexico. In 2019, North America reported USD 470.83 million in revenue from biofertilizers. According to the U.S. Department of Agriculture (USDA), there was a 13% increase in certified organic farms and businesses between 2015 and 2016.

In contrast, South America is poised for rapid growth, with Brazil and Argentina showing increased demand for organic products and sustainable agricultural practices.

Competitive Landscape

Strategic Partnerships and Innovation Fuel Industry Expansion

Key market players are enhancing their product portfolios and entering into strategic collaborations to reinforce their positions. Innovation and partnerships are essential for maintaining competitiveness in the sector.

Key Companies Operating in the Global Biofertilizers Market

• Monsanto BioAG (Missouri, USA)
• Rizobacter Argentina S.A (Argentina)
• Novozymes A/S (Copenhagen, Denmark)
• Symborg (California, USA)
• Agrinos AS (Oslo, USA)
• Agri Life (Telangana, India)
• Camson Bio Technologies Ltd (Karnataka, India)
• Gujarat State Fertilizers & Chemicals Ltd (Gujarat, India)
• BioWorks Inc. (New York, USA)
• Lallemand Inc. (Montreal, Canada)

Tariff Impact Analysis for the Biofertilizers Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/biofertilizers-market-100413

Industry Developments

In June 2019, Bayer (Germany) and Novozymes (Denmark) renewed their collaboration to advance research, product development, and distribution. As part of this effort, Novozymes is working alongside companies such as Univar Solutions (USA) and UPL (India) to enhance access to biological solutions.

The global   kombucha market   was valued at USD 1.84 billion in 2019 and is expected to grow to USD 10.45 billion by 2027, reflecting a compound annual growth rate (CAGR) of 23.2% throughout the forecast period. In 2019, North America led the kombucha market, holding a market share of 52.72%.

Kombucha is a fermented tea beverage, typically prepared using black or green tea that has been sweetened. It undergoes fermentation with the help of a symbiotic culture of bacteria and yeast (SCOBY), resulting in a lightly carbonated tea drink with around 0.5% alcohol content due to natural fermentation. This beverage is considered a potential probiotic drink that offers various health benefits, such as supporting gut microflora, integrating into the body’s system, and potentially lowering the risk of heart disease. The growing consumer awareness of these health benefits is expected to drive global market growth.

Information Source:  https://www.fortunebusinessinsights.com/industry-reports/kombucha-market-100230  

Report Highlights

The report notes that the global kombucha market was worth USD 1.84 billion in 2019 and includes the following key insights:

• A detailed assessment of market trends, key drivers, and challenges;
• A broad analysis of regional developments influencing market dynamics.
• A comprehensive overview of major players, their profiles, and business strategies; and
• A complete breakdown of market segments and their performance.

Driving Factor

Health Advantages of Fermented Tea Expected to Propel Market Expansion

Scientific research has highlighted the health-enhancing properties of kombucha, and growing public awareness of these benefits is predicted to increase demand. For example, research from University College Cork in Ireland found that kombucha fermentation results in the formation of lactic-acid bacteria, which serve as probiotics. These beneficial bacteria aid in digestive health, support weight loss, and promote gut wellness. Similarly, a study by the University of Toulouse in France reported that kombucha made from green tea can enhance metabolism, lower cholesterol, regulate blood sugar levels, and reduce abdominal fat. As consumers—especially in urban regions, become more focused on health and wellness, kombucha’s retail availability is expected to further fuel its adoption.

Regional Insights

Rising Demand for Better-for-You Beverages to Support Growth in North America

With a market size of USD 0.97 billion in 2019, North America is anticipated to maintain its leading role in the kombucha industry. This growth is primarily attributed to shifting consumer preferences toward healthier beverage alternatives over traditional sugary drinks. Europe is poised to be the second-largest market, propelled by the growing demand for probiotic beverages in countries such as Germany and the UK. Meanwhile, the Asia Pacific region is seeing rising demand driven by increasing disposable income and interest in premium and innovative beverages.

Competitive Landscape

Innovative Kombucha Products to Boost Market Strategies

Leading companies in the kombucha market are emphasizing the development of new and unique variations of the beverage to attract a broader consumer base. Large brands are also investing in eye-catching packaging and inventive marketing campaigns to improve product exposure in retail settings, including supermarkets and departmental stores.

Key Companies Featured in the Kombucha Market Report:

• Revive Kombucha (California, United States)
• Humm Kombucha, LLC (United States)
• Reed’s Inc. (Connecticut, United States)
• Molson Coors Beverage Company (Chicago, United States)
• The Hain Celestial Group (New York, United States)
• Health-Ade Kombucha (United States)
• PepsiCo, Inc. (New York, United States)
• The Coca-Cola Company (Georgia, United States)

Tariff Impact Analysis for Kombucha Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/kombucha-market-100230  

Industry Developments:

• September 2020 : Woodies, a UK-based company, launched a range of CBD-infused kombucha beverages, combining cannabidiol with fermented tea. The flavors include Hibiscus & Raspberry, Orange, and Ginger.
• March 2020 : KeVita, now part of PepsiCo, introduced a refreshed packaging design for its kombucha line, aiming to enhance visibility on store shelves and strengthen its position in the fermented tea market.

The global   sugar alcohol market   was valued at USD 3.61 billion in 2019 and is anticipated to reach USD 9.07 billion by 2032, registering a compound annual growth rate (CAGR) of 7.13% during the forecast period, according to our analysis in this report. Additionally, the U.S. sugar alcohol market is expected to grow notably, achieving an estimated valuation of USD 1.75 billion by 2032, driven by increasing consumer preference for low-calorie and low-glycemic sugar alternatives. Europe held a dominant position in the sugar alcohol market, accounting for 32.41% of the market share in 2019.

Market growth is expected to be supported by the rising consumption of gum confectionery items, such as chewing gum. Polyols are commonly used as sugar substitutes in various food products. The majority of polyol production is consumed by the food and beverage sector, where bakery and confectionery segments hold the largest share. The demand for sugar-free products is rising due to fast-paced lifestyles, which is anticipated to further support market expansion.

Information Source:   https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956  

Report Coverage

This market report delivers a thorough analysis of factors impacting growth, including major drivers, limitations, challenges, and opportunities. It provides detailed regional data, combining qualitative and quantitative insights, with a breakdown of contributions from multiple countries between 2020 and 2027. Furthermore, the report reviews the competitive environment, spotlighting key market participants and their strategies such as mergers, acquisitions, partnerships, and joint ventures, which are expected to foster industry growth.

Market Dynamics

Growth Drivers

Increasing Popularity of Gluten-Free Food Products

The rising global interest in gluten-free diets is driving demand for sugar alcohols. Gluten-free foods provide numerous health advantages, including improved cholesterol levels, enhanced digestion, greater energy, and weight control. This trend has encouraged companies to introduce new products catering to these consumer preferences. Glucose syrups containing polyols like maltitol and sorbitol are widely used in several regions, and the growing demand for gluten-free, corn-based glucose syrups is forecasted to accelerate market growth.

Regional Insights

Europe Leads Market Expansion with Strong Demand for Sugar-Free Confectionery

Europe is projected to retain its leadership position in the global sugar alcohol market, generating the highest revenue during the forecast timeframe. In 2019, the region represented a market share of USD 1.23 billion, propelled by increasing demand for sugar-free confectionery products. The preference for processed foods, driven by busy lifestyles, also contributes to the market’s growth.

North America: Key Market Driven by Increasing Diabetes Cases

North America is anticipated to be the second-largest regional market, primarily due to the growing prevalence of diabetes in the U.S. Moreover, the COVID-19 pandemic has accelerated market growth, as the surge in demand for hand sanitizers—many containing sugar alcohols—has boosted production.

Asia-Pacific to Experience Substantial Growth

The Asia-Pacific region is expected to witness considerable expansion, attributed to its large population and significant polyol production in countries like China and India. These factors, combined with rising demand for sugar substitutes, are predicted to propel market growth in this area.

Competitive Landscape

Industry Players Collaborate to Address COVID-19 Challenges

The market consists of a mix of small, medium, and large enterprises striving to enhance their market presence. During the COVID-19 pandemic, companies have formed strategic partnerships to tackle global challenges and help stabilize the economy.

Leading Companies in the Sugar Alcohol Market

• Archer-Daniels-Midland Co. (U.S.)
• Cargill Incorporated (U.S.)
• Ingredion Incorporated (U.S.)
• Roquette Frères (France)
• Tereos Starch & Sweeteners s.a.s (France)
• Tate & Lyle plc (U.K.)
• Pfizer Inc. (U.S.)
• Lonza Group (Switzerland)
• SPI Pharma (U.S.)
• Merck KGaA (Germany)

Tariff Impact Analysis for Sugar Alcohol Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/sugar-alcohol-market-102956  

Key Industry Developments

December 2023: Brandt’s, a leading U.S.-based manufacturer, launched Fenglihui Anjiachun, a novel sugar alcohol, in the Chinese market. This product will be distributed by Beijing Xinhefeng Agricultural Materials, marking a notable regional expansion.

The global   dietary supplements market   reached a valuation of USD 86.77 billion in 2023. It is anticipated to expand from USD 93.46 billion in 2024 to USD 182.52 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.73% throughout the forecast period (2024–2032). Asia Pacific led the market in 2023, accounting for 41.97% of the total market share.

Dietary supplements are ingestible products that contain one or more nutritional ingredients. The global market is witnessing strong momentum due to the increasing demand for sports nutrition and performance-enhancing supplements. Growing consumer interest in fulfilling daily micronutrient needs and rising expenditure on health and wellness items are projected to further accelerate market growth.

Information Source:   https://www.fortunebusinessinsights.com/dietary-supplements-market-102082  

Segmentation:

Vitamins Segment Held a Dominant Share Propelled by Extensive Product Consumption

By type, the market is segmented into enzymes, vitamins, fatty acids, minerals, proteins, and others. In 2023, the vitamins segment captured the largest portion of the market, driven by the widespread use of vitamin supplements to address deficiencies common across both developed and developing nations.

Tablet Segment Registers Major Share Owing to High Affordability of the Product

Based on form, the categories include liquids, capsules, powders, and tablets. The tablet segment dominates due to its long shelf life and cost-effective nature, making it a preferred format among consumers.

General Health Segment Holds Key Share Impelled by Rising Concerns Associated with Long-term Health

In terms of application, the market is categorized into bone & joint health, energy & weight management, brain & mental health, immunity, cardiac health, general health, skin/hair/nails, healthy aging, and others. The general health category accounts for the largest share due to increasing public focus on long-term wellness and preventative health practices.

Adults Segment Holds Dominant Share Impelled by Higher Health Consciousness

By end-user, the market is divided into adults, children, elderly, and pregnant women. Adults represent the largest consumer group, supported by a rising awareness of health benefits and greater interest in dietary supplementation.

Pharmacies Segment Registers Key Share Driven by High Preference for Supplement Consumption

Distribution channels include pharmacies, online, supermarkets/hypermarkets, and others. Pharmacies lead the market share due to strong consumer trust and preference for receiving guidance when selecting supplements.

The market analysis spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report provides a comprehensive analysis of the primary factors expected to drive market growth in the coming years. It offers detailed segmentation by type, form, application, end-user, distribution channel, and region. Additionally, it highlights the latest trends shaping the industry landscape.

Drivers and Restraints:

Industry Value to Surge Propelled by Increasing Emphasis on Preventive Healthcare Measures

The emphasis on preventive health is rising as a result of the growing burden of chronic and age-related conditions. Increasing disease incidence, combined with product innovation from both large and small firms, is forecasted to contribute significantly to the market’s expansion.

However, the elevated cost of supplements may act as a limiting factor for broader market growth.

Regional Insights:

Asia Pacific to Exhibit the Fastest CAGR Impelled by Rising Health Consciousness

Asia Pacific is expected to record the highest CAGR of 8.50% during the forecast period, driven by increasing consumer focus on health and adoption of wellness products.

North America continues to see strong demand due to the rising incidence of lifestyle-related illnesses, such as obesity and diabetes.

Competitive Landscape:

Industry Players Focus on Diversifying their Portfolios to Gain Strong Footing

Leading players are actively pursuing portfolio diversification to strengthen their positions in the market. Nestlé S.A., for example, is emphasizing marketing, innovation, and production expansion to meet growing consumer demand.

List of Key Players Mentioned in the Report:

• Amway Corp (U.S.)
• Abbott (U.S.)
• Nestlé S.A. (Switzerland)
• Herbalife Nutrition Ltd. (U.S.)
• Archer Daniels Midland Company (U.S.)
• Glanbia Nutritionals (U.S.)
• Otsuka Holdings Co. Ltd. (Japan)
• Arkopharma (France)
• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)

Tariff Impact Analysis for Dietary Supplements Market:  h ttps://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/dietary-supplements-market-102082  

Key Industry Development:

November 2023:   Abbott introduced a new product under its PediaSure line, enhanced with the Nutri-Pull system. This formulation includes vitamin K2, vitamin D, vitamin C, and casein phosphopeptides (CPPs), aimed at promoting healthy growth and development in children.

The global   food service market   was valued at USD 3,486.58 billion in 2024. It is expected to rise from USD 4,027.61 billion in 2025 to USD 6,810.86 billion by 2032, indicating a compound annual growth rate (CAGR) of 7.79% during the forecast period. The United States food service industry is anticipated to witness notable growth, potentially reaching a value of USD 1,767.54 billion by 2030. Furthermore, the market in the U.S. is expected to attain an estimated value of USD 1.71 billion by 2032, primarily driven by the increasing number of fast food outlets and greater consumer spending on fast food products. Asia Pacific led the market in 2024, accounting for a 45.71% share.

A food service establishment refers to any commercial entity that prepares and serves food for dine-in, takeaway, or delivery. This sector encompasses food retail vendors, table and counter service operators, and other food service providers. The global food service market is growing rapidly due to increasing fast food consumption, driven by higher household incomes, a rising population of working women, and the convenience associated with fast food options.

Information Source:   https://www.fortunebusinessinsights.com/food-service-market-106277  

Segments:

By Type, Full Service Restaurants Segment Expected to Gain Momentum Through 2029

The market is segmented into quick service restaurants, full service restaurants, institutional, and others. Among these, full service restaurants dominate due to the broad menu options they provide. The rising trend of family-oriented dining is contributing to an increase in these types of establishments, fueling the segment's growth.

By Service Type, Commercial Food Service Segment to Witness Strong Growth Between 2022–2029

The service type segment includes commercial and institutional categories. The commercial segment is projected to maintain dominance throughout the forecast period, supported by the growing number of food chains, cafés, restaurants, food trucks, and a surge in online food ordering. This category covers both full and quick service dining, including eat-in and takeaway services.

Report Coverage:

The report covers:

• Major growth drivers, challenges, opportunities, and constraints
• Comprehensive regional market insights
• Profiles of key players in the industry
• Strategic initiatives taken by major companies
• Recent developments, including product rollouts, partnerships, mergers, and acquisitions

Drivers & Restraints:

Growth in Fast Food Chains and Quick-Service Restaurants to Drive Market Expansion

Market expansion is mainly driven by growing disposable income levels and a higher percentage of dual-income families. The growing millennial demographic and strong demand for fast food establishments are significant factors. The spread of fast food chains into developing markets is also expected to significantly boost industry growth.

However, ongoing effects of the COVID-19 pandemic may continue to influence certain market trends in the future.

Regional Insights:

North America Food Service Market Recorded USD 989.0 Billion in Revenue in 2021

North America held a top position in the global food service industry in 2021, generating more than USD 989.0 billion in revenue. This lead is attributed to the presence of a large number of dual-income households, high demand for fast food, and an increasing number of fast food outlets. Additionally, the large millennial population and shifting consumer lifestyles are contributing to the market’s expansion in this region.

Asia Pacific is expected to record the highest CAGR between 2022 and 2029, bolstered by a rising number of fast food outlets and restaurants, particularly in Tier-II and Tier-III urban areas. Meanwhile, Europe is projected to see stable growth, supported by the expanding presence of quick service restaurants, cafés, pubs, and coffee shops.

Competitive Landscape:

Leading Companies Utilize Acquisitions to Strengthen Market Position

During the pandemic, many businesses held off on expansion due to market uncertainty. As conditions improved, companies began re-entering and exploring new markets. For example, Imperial Dade acquired Empire Distributors, broadening its U.S. presence with the addition of 91 new distribution facilities. Similar strategies are being adopted by major players to tap into new opportunities and enhance their global footprint.

Key Players Highlighted 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.)

Tariff Impact Analysis for Food Service Market:  https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/food-service-market-106277  

Key Industry Development:

July 2021:   Delivery Hero resumed operations in Germany under the Food Panda brand, marking its reentry into one of the largest food service markets in Europe.