Market Overview

The India dairy industry size was valued at USD 135.30 billion in 2024. The market is projected to grow from USD 146.80 billion in 2025 to USD 274.09 billion by 2032, exhibiting a CAGR of 9.33% during the forecast period.

India is a big exporter of dairy products, with leading producers including Uttar Pradesh, Maharashtra, Himachal Pradesh, Madhya Pradesh, Rajasthan, Punjab, and Tamil Nadu. The demand for dairy products with added health benefits is expected to increase, boosting India's dairy market share. This information is provided in the report "India Dairy Market, 2025-2032" by Fortune Business Insights™.

List of Key Players Profiled in the Report

• Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) (India)
• Heritage Foods Limited (India)
• Karnataka Cooperative Milk Producers Federation Limited (India)
• Kwality Milk Foods Ltd (India)
• Milk Food Limited (India)
• National Dairy Development Board (India)
• Parag Milk Foods (India)
• Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) (India)
• Rajasthan Cooperative Dairy Federation Ltd (RCDF) (India)
• Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF) (India)

Segments:

Owing to Milk Being a Part of the Diet of Millions of People, the Milk Segment is Set to Lead

The dairy product market covers many items such as milk, cheese, butter, desserts, powder, curd, yogurt, cream, and more. Milk is the most popular because it's a basic food for a lot of people. In India, people are increasingly choosing natural, farm-fresh milk, which is increasing its use. Because dairy products are so popular in India, new and appealing flavors are being created by businesses and startups to draw in customers.

With the Increasing Number of Convenience Stores, the other segments are expected to lead

The market is divided into various channels such as supermarkets, hypermarkets, specialty retailers, and others. The "others" category, which includes local milk vendors and convenience stores, is expected to grow because of more convenience stores and easy access to dairy products like milk, curd, and paneer. Specialty retailers are also gaining popularity in both developing and developed countries due to their expert product knowledge, better shopping experience, and wider selection of high-quality products.

Report Coverage

The report provides a detailed examination of the main market areas and their current trends. It explores the factors contributing to the market's expansion and the obstacles it faces, including the impact of COVID-19. Furthermore, the report discusses developments in different regions and the approaches used by top companies in the market.

Source: https://www.fortunebusinessinsights.com/india-dairy-market-107416

Drivers and Restraints

Significant Production of Milk in India to Propel Market Growth

India's dairy market is expected to expand a lot because of its large milk production. Dairy is an important part of Indian farming, with the production and use of milk increasing. There's enough milk to make many products like cheese, butter, curd, yogurt, ghee, and paneer, and people want to buy a lot of it. Dairy is also important for India's social and economic growth. But problems like not enough food for cows and diseases in them might slow down this growth.

Competitive Landscape

Prospects of New Key Players to Create Competitive Advantage

More people are buying milk and dairy, which is making the demand go up. Big companies are growing by making more products, opening new stores, and starting new brands. For example, in September 2020, Tata started selling milk under its Tata NQ brand with a 25kg pack of skimmed milk powder for places like schools and hospitals.

Key Industry Development

• October 2022:  Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) launched the Verka milk and milk products brand in Delhi. The aim of this launch was to offer dairy farmers with maximum support and good prices to these farmers.

Market Overview

The global pet food industry share was valued at USD 126.66 billion in 2024. The market is projected to grow from USD 132.92 billion in 2025 to USD 193.65 billion by 2032, exhibiting a CAGR of 5.52% during the forecast period.

Fortune Business Insights™  has deep-dived into these insights in its latest research report, titled “ Pet Food Market ,  2025-2032 .”

The analysis shows that top companies are investing more in pet foods because more people are owning pets. For example, Mars Petcare said that the sales of cat and dog treats increased by 6.5% from February to May 2020. This trend indicates a strong demand for pet food worldwide.

Major Players Profiled in the Market Report:

• Mars Incorporated (Virginia, U.S.)
• Nestle S.A. (Vevey, Switzerland)
• The J.M. Smucker Company (Ohio, U.S.)
• Colgate-Palmolive Company (New York, U.S.)
• General Mills, Inc. (Minnesota, U.S.)
• Diamond Pet Foods (Missouri, U.S.)
• Heristo AG (Osnabruck, Germany)
• Tiernahrung Deuerer GmbH (Bretten, Germany)
• Merrick Pet Care, Inc. (Texas, U.S.)
• WellPet LLC (Massachusetts, U.S.)

Source: https://www.fortunebusinessinsights.com/industry-reports/pet-food-market-100554

Segments

Increasing Launch of Dog Treats to Propel Dog Segment Growth

Based on animal type, the market is divided into dogs, cats, and others. The dog segment holds the largest market share and dominates the market owing to the growing introductions of dog treats and nutrition-rich pet food globally.

High Convenience and Shelf-life to Drive Dry Pet Food Segment Expansion

By form, the market is categorized into dry, wet, and snacks & treats. The dry pet food segment is leading the market as there is a high demand for dry food due to its high convenience and shelf-life compared with wet food.

Supermarket/Hypermarket to Dominate the Market Due to their High Preference among Consumers

Based on distribution channel, the market is segmented into supermarket/hypermarket, specialty stores, online channel, and others. The supermarket/hypermarket segment holds the largest market share owing to their high preference among consumers as these markets offer convenience in terms of choices for prices and brands.

Animal Segment’s Leading Growth Owed to its Increased Popularity

Based on source, the market is split into animal and plant. The animal source segment leads market growth owing to its increased popularity and high consumption of animals to produce dog and cat food products. These food products are widely available due to their high popularity.

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

Report Coverage

The report offers:

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

Drivers & Restraints

Growing Pet Humanization to Propel Market Growth

The rapid growth in pet humanization has raised the demand for premium pet food among people as they are more inclined to spend on high-quality and healthy food products for their pets, boosting the pet food market growth. Pet humanization is rising globally due to the increased pet ownership of millennials.

However, the increasing competitiveness between the products driving the rising market competitiveness and lower premium or high-priced food across the developing markets may hamper market growth.

Regional Insights

Large Adoption of Pet Humanization in the U.S. Propels Market Growth in North America

North America holds the dominant pet food market share and is projected to experience growth during the forecast period. The region’s growth is attributed to the wide adoption of pet humanization, further encouraging the development of natural and nutritious pet foods produced for pet animals.

Asia Pacific is one of the fastest-growing regions in the market. The growth is attributed to the rapid increase in pet ownership in developing nations, including South Korea, China, India, Japan, and others.

Pet Food Market Future Growth:

The pet food market is experiencing robust growth, fueled by rising pet ownership, the growing trend of pet humanization, and a strong shift toward premium, health-conscious products. Today's consumers are increasingly drawn to pet foods made with high-quality, natural ingredients—favoring options that are organic, grain-free, or enhanced with functional additives that promote overall pet wellness. Additionally, there's a growing interest in specialized diets such as raw, freeze-dried, and freshly prepared meals. The rapid expansion of e-commerce and increasing pet adoption in emerging markets are also key growth drivers. While North America and Europe continue to dominate the premium pet food segment, the Asia-Pacific region is seeing a surge in demand, driven by urbanization and changing lifestyles.

Competitive Landscape

Growing Adoption of Mergers and Acquisitions Strategies to Propel Market Growth

The market features prominent players like Colgate-Palmolive, Nestlé Purina PetCare, and others. These leading companies are accelerating growth through strategic initiatives such as brand enhancement, innovative product development, expansion of online distribution channels, and mergers and acquisitions. Their proactive approach to adapting and evolving with consumer demands continues to fuel the market’s momentum.

Key Industry Development

November 2023 – A well-known Czech pet food producer, Vafo Group, announced the introduction of its new brand, Planet Pet Society. With Planet Pet Society, the company seeks to expand its operations in the sustainable dog and cat food market.

Market Size:

The global feed premix market was valued at USD 8.50 billion in 2018 and is projected to grow to USD 21.92 billion by 2032 , registering a CAGR of 6.99% over the forecast period. In 2018, North America led the market , accounting for 28.35% of the total share , driven by increasing demand for high-quality animal nutrition products.

The global feed premix market is expected to gain impetus from the rising demand for balanced feed products, including micronutrients and macronutrients. This information is published in a report by  Fortune Business Insights , titled, “ Feed Premix Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast, 2019-2032 .”

The report provides detailed information on the most significant factors of the global feed premix market that include market drivers, obstacles, regional analysis, key market developments, and challenges. It further contains in-depth data on prominent vendors, accurate predictions on change in buyer behavior and future trends.

List of Top Feed Premix Companies

• The Archer Daniels Midland Company
• Koninklijke DSM N.V.
• Nutreco N.V.
• Cargill, Incorporated (Provimi)
• Purina Animal Nutrition LLC
• Kemin Industries
• Land O’lakes, Inc.
• De Heus Animal Nutrition
• Alltech, Inc.
• Zinpro Corporation
• Novus International, Inc.
• Lexington Enterprises Pte. Ltd.

Source: https://www.fortunebusinessinsights.com/industry-reports/feed-premix-market-101543

Report Coverage:

Feed premix is a blend of essential nutrients such as minerals, vitamins, amino acids, and antibiotics, formulated to enhance animal nutrition. To qualify as a feed premix, at least two of these components must be present. Since micronutrients like minerals and vitamins are not naturally found in animal feed, their incorporation has become essential for optimal animal growth and health.

The feed premix market report offers both qualitative and quantitative insights, covering market size, growth trends, and segment analysis. It also provides an in-depth examination of market dynamics and the competitive landscape, highlighting key aspects such as the animal feed industry overview, health benefits of feed premixes, technological advancements, and regulatory frameworks in key regions. Additionally, the report outlines strategies adopted by market leaders, offering a comprehensive view of industry trends and company profiles, making it a valuable resource for stakeholders in the feed premix industry.

Vitamin Premix to Dominate Market Due to Rising Demand from Commercial Livestock Farms

Regarding classification, the worldwide market for feed premix is divided into four main categories: antibiotics, vitamins, amino acids, and minerals. Specifically, in 2018, the vitamin category captured 57.7% of the global feed premix market. The analysis predicts that this segment will maintain its dominant position over the next few years, thanks to its substantial market share. This is attributed to the growing demand for feed enriched with vitamins, particularly from the expanding number of commercial livestock operations, which also aids in enhancing the animals' immune systems. These elements are projected to drive the segment's expansion in the future.

Provimi Jordan Develops Technologically Advanced Animal Nutrition Premix Plant

Cargill, a privately held global corporation, based in the U.S., announced that its animal nutrition business, Provimi Jordan inaugurated an advanced animal nutrition premix plant in Jordan in April 2019. The main aim of creating the plant is to offer sustainable and safe solutions to meet the changing demand of feed producers and farmers in the Middle East. The state-of-the-art plant possesses a production capacity of approximately 65,000 metric tons of premix per year. Moreover, it features a technologically advanced whole-process barcode record management system. It aids in enhancing full-traceability from raw materials to finished products. The plant combines a team of highly skilled nutritionists with an adjacent animal nutrition lab that is resulting in the creation of a unique platform for the company to enhance sustainable farming practices.

DSM Opens its Second Premix Plant in India to Cater to the Rising Consumer Demand

In October 2018, DSM, a leading company specializing in the fields of health, nutrition, and materials, headquartered in Netherlands, unveiled its second animal nutrition and health premix plant in India. The plant is situated in Jadcherla in Mahbubnagar. DSM promised that the plant would aid in offering premix solutions for the fields of aquaculture, dairy, and poultry to fulfill the ever-increasing consumer demand in the southeastern regions of the country. Its first premix plant is located at Ambernath in Maharashtra.

INDUSTRY DEVELOPMENTS

April 2019 : Cargill’s animal nutrition business, Provimi Jordan, inaugurated an animal nutrition premix plant having a production capacity of approximately 65,000 metric tons of premix per year in Jordan to provide premix solutions to farmers and feed producers in the Middle East.

Market Overview

The global chocolate confectionery market size was valued at USD 114.33 billion in 2019 and is projected to reach USD 164.97 billion by 2032, exhibiting a CAGR of 2.98% during the forecast period based on our analysis in the existing report. North America dominated the chocolate confectionery market with a market share of 17.06% in 2019.

Widespread awareness regarding the potential health benefits of chocolate is expected to play a central role in driving the growth of this market, states Fortune Business Insights™ in its report, titled “ Chocolate Confectionery Market Size, Share & Industry Analysis, By Type (Dark, Milk, and White), Category (Premium, Seasonal, and Everyday), and Regional Forecast, 2020-2032 ”. Chocolate products, especially dark chocolate, offer a plethora of health benefits. Dark chocolate and cocoa are known to have more flavanols, polyphenols, and antioxidants compared to acai berries, blueberries, and many other naturally occurring consumable foods. Further, a dark chocolate bar holds considerable amounts of iron, copper, and fiber, bolstered with an additional variety of other nutrients. A research study in the National Institutes of Health found that consuming dark chocolate helps regulate blood pressure more efficiently as the presence of flavanols can activate the lining within the arteries, reducing the impediments to blood flow and lowering the risk of heart disorders. These benefits of dark chocolate are surging their consumption, which is propelling the global market growth.

list of Top Chocolate Confectionery Companies:

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

The report states that the global market value stood at USD 114.33 billion in 2019 and shares the following:

• Thorough analysis of the short-term and long-term impact of the COVID-19 pandemic on the market;
• Actionable insights into the upcoming opportunities in the market;
• Tangible research into the market, drivers, restraints, and segments; and
• In-depth examination of the regional developments, competitive landscape, and upcoming investment pockets for the market.

Source: https://www.fortunebusinessinsights.com/industry-reports/chocolate-confectionery-market-100539

Market Restraints

Shrinking Sales amid COVID-19 Pandemic to Stall Market Growth

The chocolate confectionery market growth is expected to be hit by the coronavirus pandemic as lockdown and social distancing measures have forced consumers to stay at home and retail shops to close down, albeit temporarily. Moreover, severe global economic downturn has led to job losses and plummeting revenues for businesses, which has arrested spending on non-essential foods such as chocolate products. This, in turn, has contracted sales of some of the major players in the chocolate confectionery industry. The Hershey Company, for instance, reported in April that its international net sales dipped by 8.1% to USD 192.5 million. Similarly, in July 2020, Lindt & Spruengli, the Swiss chocolate maker, announced a fall in organic sales by 5-7% in the current year owing to store closures forced by COVID-19.

Regional Insights

North America to Have Dominating Lead in the Market Backed by High Demand for Premium Chocolates

With a market size of USD 19.50 billion in 2019, North America is anticipated to lead the chocolate confectionery market share during the forecast, mainly owing to the high demand for premium chocolate snacks and products among the consumers in the region. However, in the US, whose market volume stood at 1,410.20 thousand tons in 2019, the market is expected to experience limited growth owing to increasing resistance to high-sugar chocolate confectioneries and rising preference for low-sugar confectionery items.

In Europe, chocolate items are a central component in festivals in the region, which is the major factor augmenting the market growth. In Asia-Pacific, per capita consumption of chocolate products is increasing as a result of growing disposable income in the region. Large proportion of young population and evolving taste preferences are having a considerable influence on the growth trajectory of the market in the region.

Competitive Landscape

Heavy Investments in R&D by Key Players to Create Healthy Competitive Atmosphere

The market for chocolate confectioneries is characterized by a healthy competitive climate as top companies are directing their energies towards elevating their R&D capabilities. Moreover, some players in this market are also engaging in efforts towards establishing sustainable agriculture practices in key cocoa producing regions.

Industry Developments:

• July 2020:  Mars, Incorporated announced its collaboration with World Agroforestry and the International Fund for Agricultural Development to initiate a 5-year-long research project called Sustainable Farming in Tropical Asian Landscapes. The project will be directed towards sustainably connecting small-scale cocoa and palm oil producers in Indonesia and the Philippines to global supply chains.
• October 2019:  India-based ITC Limited released the world’s most expensive chocolate under its Fabelle brand. Priced at INR 4.3lakh per kilogram, the limited edition luxury chocolate dubbed ‘Trinity – Truffles Extraordinaire’ entered into the Guinness Book of World Records as the world’s costliest chocolate product.

Market Overview:

The global vanilla extract market size was valued at  USD 5.26 billion  in 2021. The market is projected to grow from  USD 4.94 billion  in 2022 to  USD 6.29 billion  by 2029, exhibiting a CAGR of  3.52%  during the forecast period.

This information is provided by  Fortune Business Insights , in its report, titled “ Vanilla Extract Market, 2022-2029 .”

List of Key Players Mentioned in the Report:

• Adams Extract (U.S.)
• F. Sauer Company (U.S.)
• McCormick & Company (U.S.)
• Frontier Natural Products (U.S.)
• Madécasse (U.S.)           
• Nielsen-Massey Vanillas (U.S.)
• Watkins Incorporated (U.S.)
• Eurovanille (France)
• Firmenich (Switzerland)
• Symrise (Germany)
• Lochhead Manufacturing Company (U.S.)

Segments:

Madagascar Vanilla Segment Holds Prime Market Share Accredited to Huge Yield and High Demand

Madagascar vanilla beans are produced in Madagascar and are measured to be the best of its kind for superior quality vanilla beans in the spice industry. Abundant rainfall and fertile soil make the prime circumstances for cultivation of vanilla plants.

Food & Beverages Segment Holds Key Share Owing to Expanded Applications of Product in Numerous Food Products

Vanilla extracts are utilized predominantly in the food & beverages industry in multiple forms. Its usage can be witnessed as flavoring and taste enhancers in candy, chocolate, pastry, ice-cream, dairy products, bakery items such as biscuits, cookies, waffles, baking mixes, muffins, cakes, and beverages such as soft drinks, confectionery, coffee drinks, sauces, as well as baby formulas.

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

Source: https://www.fortunebusinessinsights.com/industry-reports/vanilla-extracts-market-100210

Report Coverage:

The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide an estimated size of the market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.

Drivers and Restraints:

Flourishing Food & Beverage Industry to Assist Vanilla Extract Market Growth

In the food industry, vanilla is chiefly utilized in ice cream preparation. The amplification of fast food chains globally is thriving ice cream ingestion as the fast food industry is among the pivotal consumers of ice cream. Surging consumer disposable income, increasing living standards, and refining consumer purchasing power are resulting in an upsurge in per capita consumption in developing countries such as India and China.

Furthermore, the requirement for gourmet and premium ice creams has elevated considerably owing to rising health consciousness among consumers due to its superior quality, delicate taste, provenance, exotic ingredients, and moral foundation.

Regional Insights:

Asia Pacific to Lead Backed by Presence of Major Players

Asia Pacific holds the prime vanilla extract market share owing to the existence of major food & beverages players in China and India as well as the incidence of huge number of pharmaceutical producing companies in Asia Pacific.

Europe is the second largest market for the product. This is primarily owing to the existence of some of the world’s biggest food companies as well as cosmetic product manufacturing companies. Europe is well-renowned as the cosmetic hub with numerous pioneering cosmetic companies having their headquarters situated in the EU region.

In North America, the U.S. and Canada are the prime and largest markets. Elevated demand for this product is chiefly observed from industries such a food & beverages as well as pharmaceutics.

Competitive Landscape:

Acquisitions Initiated by Key Companies to Promote Market Growth

The leading players in the market constantly opt for efficient strategies to bolster their brand value as well as promote the global market growth. One such efficient strategy is acquiring competitive companies and further securing a profit for both the companies.

Key Industry Development:

July 2021 : Archer Daniels Midland Company procured Rodelle Inc., which is the finest creator, processor, and dealer of vanilla products throughout the world. Rodelle offers solutions to dominating food and beverage players in the world, as well as directly to customers.

Market Overview:

The global dry fruits market size was USD 6.71 billion in 2023 and is projected to grow from USD 6.96 billion in 2024 to USD 10.41 billion by 2032, exhibiting a CAGR of 5.16% during the forecast period 2024-2032. Europe dominated the dry fruits market with a market share of 28.32% in 2023. Moreover, the dry fruits market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.12 billion by 2032, driven by the emerging trend of better-for-you products, which has ultimately increased dried fruits adoption in various food sectors across the region.

LIST OF KEY COMPANIES PROFILED

• Manassen Foods Australia Pty Ltd. (New South Wales, Australia)
• Olam International Limited (Singapore)
• Ocean Spray Cranberries, Inc. (Massachusetts, U.S.)
• Bergin Fruit and Nut Company, Inc. (Minnesota, U.S.)
• Sunsweet Growers, Inc. (California, U.S.)
• National Raisin Company (California, U.S.)
• Sun-Maid Growers of California (California, U.S.)
• Angus Park Fruit Company Pty Ltd (North SA, Australia)
• Graceland Fruit, Inc. (Michigan, U.S.)
• Murray River Organics (Victoria, Australia)

Source: https://www.fortunebusinessinsights.com/industry-reports/dry-fruits-market-100544

Market Segments :

The global market is classified by type into table dates, dried grapes, dried figs, dried apricots, prunes, and dried cranberries. Dried grapes are expected to hold the largest share during the forecast period due to their extensive variety of healthy snacks. They are also a great value in the international food service industry due to their utilization in a range of bakery products and desserts.

The market is divided into bakery, confectioneries, breakfast cereal, and snacks based on application. The bakery segment is expected to hold the lion’s share during the forecast period. The growth is attributed to the high demand for healthy baked goods such as gluten-free, vegan, and fiber-rich cakes and muffins

Based on geography, the market is categorized into North America, Asia Pacific, the Middle East and Africa, and Latin America.

The report on the fruit market involves :

• Through analysis of all the sections in the market
• Informative data and figures
• Market trends and drivers
• Meticulous information about prominent companies
• Key development
• COVID-19 impact

Driving Factor :

Surging Demand for Organic Snacking Options to Encourage Growth

The increasing popularity of natural and minimally processed organic food products is expected to foster the market's healthy growth. The excessive demand for small-sized mixed dried fruit packs, snack bars, and breakfast bars infused with whole or minimally processed dried fruits will accelerate the growth of the dry fruit industry. Moreover, the surging sales of breakfast cereals like muesli and granola that utilize organic dried fruits as key ingredients will further spur opportunities for the market. The increasing knowledge about the nutritional benefits of clean-label and organic dried fruit will incite the dry fruit market's development. Besides, the increasing focus for improved food safety and quality control through refined technologies such as freeze-drying will bode well for the market. Hence, the need for freeze-dried fruits to produce breakfast cereal and bakery items can significantly foster market development.

Regional Insights :

Rising Demand for Confectionery and Snacks to Aid Market in Europe

Asia Pacific is expected to hold a significant share during the forecast period due to consumers' increased discretionary income levels. The increasing spending capacity of consumers will further benefit the dry fruit market in the forthcoming years. Moreover, the growing awareness regarding the health benefits of dried fruits will aid the expansion of the market in China, India, and Vietnam. Europe is expected to hold the lion’s share during the forecast period due to the growing demand for dried grapes, table dates, and dried apricots in European countries. North America is expected to expand gradually in the forthcoming years due to the need for healthy baked goods, confectionery, and snacks in the region. The Middle East and Africa is expected to rise exponentially during the forecast period due to the growing production of dried fruits in Saudi Arabia and Iran.

KEY INDUSTRY DEVELOPMENTS

December 2020-  Great Value Foods LLP owned brand ORCO launched a range of organic dry fruits free from any impurity and artificial colors.

February 2018 –  Peyman Kuruyemis, a Turkish producer of dried fruits, nuts, and seeds has expanded its production capacity by building a new production facility for dried fruits.

Market Overview

The global honey market size was valued at USD 8.94 billion in 2023 and is projected to grow from USD 9.40 billion in 2024 to USD 15.59 billion by 2032, exhibiting a CAGR of 6.52% during the forecast period 2024-2032. Moreover, the honey market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.89 billion by 2032, driven by the growing number of beekeepers in the country, coupled with rising demand for natural sweeteners. Asia Pacific dominated the honey market with a market share of 100% in 2023.

In the United States, the honey market is also poised for substantial growth, with projections indicating it will reach USD 1.89 billion by 2032 . This rise is largely attributed to an increasing number of beekeepers and a growing preference for natural sweeteners.

Asia Pacific led the global market in 2023, capturing the entire market share . The surge in demand for organic and healthier sugar alternatives continues to be a key driver of growth across regions.

List of Key Companies Profiled in the Report:

• Bee Maid Honey Limited (Canada)

• Comvita Limited (New Zealand)

• Capilano Honey Ltd. (Australia)

• Dabur India Ltd. (India)

• Billy Bee Honey Products (Canada)

• New Zealand Honey Co. (New Zealand)

• Barkman Honey LLC (U.S.)

• Yamada Bee Company (Japan)

• Dutch Gold Honey Inc. (U.S.)

• Golden Acres Honey (Canada)

Industry Trends:

Growing Demand for Organic Products: Consumers in developed markets such as Europe, the U.S., and Japan are increasingly opting for organic honey, reflecting a broader shift toward clean-label and natural products.

Innovation in Health and Wellness: New honey-based health products, including supplements and functional beverages—like Singapore’s “Honey Exir”—are expanding the market’s reach and appeal.

Technological Advancements: Automation in honey extraction and filtration processes is enhancing product quality and operational efficiency across the supply chain.

Post-Pandemic Health Consciousness: Increased awareness of honey’s antiviral and immune-boosting properties has led to a notable rise in consumption following the COVID-19 pandemic.

Source: https://www.fortunebusinessinsights.com/industry-reports/honey-market-100551

Segments

Buckwheat Segment to Dominate Attributable to High Nutritional Value

By type, the market is segmented into alfalfa, buckwheat, wildflower, clover, acacia, and others. The buckwheat segment is expected to dominate due to its high nutritional value.

Food & Beverage Segment to Dominate Attributable to its Increasing Applications

Based on application, the market is classified into food & beverages, personal care & cosmetics, pharmaceuticals, and others. The food & beverage segment is expected to dominate due to its increasing applications.

Bottle Segment to Lead Owing to Easy Transportation

By packaging, the market is categorized into glass jar, bottle, tub, tube, and others. The bottle segment is expected to lead the market due to its easy transportation.

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

Report Coverage

The report gives an in-depth view of the leading segments and the latest trends in the market. It looks at what is driving market growth and what is hindering it, including the impact of COVID-19. It also discusses developments in various regions and the strategies used by major companies in the market.

Market Growth

The global honey market is steadily growing, driven by increasing consumer awareness of honey’s health-promoting properties, such as its antioxidant, anti-inflammatory, and antibacterial effects. As a natural alternative to refined sugars and artificial sweeteners, honey is gaining popularity, especially in the food and beverage sector. Its therapeutic qualities are also boosting demand in the cosmetics and pharmaceutical industries. Premium varieties like manuka and organic honey are seeing a surge in popularity, often fetching higher prices. Furthermore, the rise of e-commerce and global trade is helping to fuel the market’s continued expansion.

Drivers and Restraints

Rising Adoption of the Product for Natural Sweeteners Production to Foster Market Growth

Honey is widely regarded as a healthier alternative to sugar, valued for its healing properties like soothing sore throats and supporting immune health. With a growing number of consumers choosing honey as a natural sweetener, demand is projected to increase. Health-conscious lifestyles, rising incomes, and a shift toward organic products are all contributing to its growing popularity. Additionally, honey’s applications in medicine are expected to boost sales further.
However, potential changes or adulteration of the product could present challenges to sustained market growth.

Regional Insights

Rising Production of Nectar to Propel Market Growth in Asia Pacific

Asia Pacific is expected to lead the honey market due to its high production levels. In 2021, the market in this region was valued at USD 2.86 billion and is projected to capture a large share of the global market in the coming years. Government investments in beekeeping are also likely to boost market growth. For instance, in May 2020, the Indian government allocated nearly USD 68 million for beekeeping under the Atma Nirbhar Bharat initiative.

In Europe, increasing awareness of honey's health benefits is expected to drive its adoption. Changing consumer preferences and a rise in the consumption of organic products may further promote market growth.

In North America, the growing number of beekeepers in Canada and the U.S. is expected to increase product demand. Additionally, strong demand for organic products is enhancing industry growth.

Competitive Landscape

Companies Devise Novel Product Launches to Elevate Brand Image

Top companies are releasing new products to boost their brand image and increase sales. For instance, in January 2022, Tayima Foods launched I'M HONEY, an organic and raw honey in various flavors with significant medicinal benefits. This product is sold on online platforms like Amazon and is anticipated to increase Tayima's sales and expand their global reach. Moreover, companies are also focusing on mergers, partnerships, expansions, and research and development to fuel market growth.

Honey Market Outlook

• Growing demand: Global demand for honey is on the rise. Consumers are increasingly aware of the health benefits and natural muscle tone.
• Health notes: Honey is often considered a healthy alternative to refined sugar. This trend is leading more people to choose honey in their diet.
• Sustainability focus: More focus on sustainable and organic products. Beekeeping, which supports environmental health, is on the rise.
• Product innovation: New products such as fermented foods and beverages are emerging. This diversity of brands creates widespread appeal and increases sales.

KEY INDUSTRY DEVELOPMENTS:

January 2024: Apis India launched organic honey, which is made of honey sourced from organic-certified lands in India.

March 2023: Bagrrys India, a leading honey manufacturer, launched Bagrry’s Organic Wild Honey. The product is available in glass jars across all retail outlets in the country.

Market Overview:

The global industrial sugar market was worth around $39.59 billion in 2023. It's expected to keep growing steadily, reaching about $50.76 billion by 2032. That’s an average annual growth rate of 3.23%.

In the U.S., the industrial sugar market is also set to expand, with projections showing it could hit $5.82 billion by 2032, mainly due to its heavy use in the processed food and beverage industry.

The Asia Pacific region led the market in 2023, accounting for the largest share at 43.67%.

List of Key Players Mentioned in the Report:

• Suedzucker AG (Germany)
• Tereos S.A. (France)
• Cosan (Brazil)
• Associated British Foods (U.K.)
• Mitr Phol Group (Thailand)
• Cargill, Inc. (U.S.)
• Imperial Sugar Company (U.S.)
• Rogers Sugar, Inc. (Canada)
• American Crystal Sugar Company (U.S.)
• Louis Dreyfus Holding B.V. (Netherlands)

Report Coverage:

We provide our reports, which are conducted with an all-inclusive examination approach that majorly emphasizes delivering precise material. Our scholars have applied a data triangulation method, which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.

Source: https://www.fortunebusinessinsights.com/industrial-sugar-market-102462

Segmentation:

Cane Sugar to Lead Market Owing to its Augmented Production Worldwide

Based on source, the market is segmented into cane and beet sugar. Sugarcane is anticipated to be the primary crop used for sugar production. Sugar beet is cultivated classically in moderate-climatic zones. Beet molasses and beet sugar are expansively utilized to produce a diversity of products, including food, beverages, pharmaceuticals, chemicals, and textiles.

White Sugar Segment to Maintain Global Dominance Owing to Its Varied Application

Based on type the market is segmented into white, brown, and liquid sugar.

White sugar is extensively utilized in the food manufacturing and bakery sectors. The fine granules detected in this product are ideal for cooking and baking. It is also the most commonly purchased type of sugar and is used in household kitchens, bakeries, cafes, restaurants, and food processing units. Granulated, icing, caster, and jam-setting are among the few popular white sugar sub-categories.

Confectionery Segment Holds Major Share, Attributed to Their Greater Ingestion

Based on the end-use segment, the market is segmented into beverages, confectionery, bakery, dairy products, and other food applications. Confectionery holds the largest revenue share owing to its widespread usage throughout the globe. The beverages segment is predicted to grow at the highest CAGR during the mentioned period, owing to the increasing trend of healthy hydration throughout established markets. The rising demand for bakery products in Eastern markets is estimated to further navigate the industrial sugar market growth in the upcoming years.

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

Drivers and Restraints:

Surging Demand for Sugar Confectioneries Further Navigates Market Growth

The augmenting demand for confectionery, particularly in emerging markets of the Asia Pacific and the Middle East, further encourages market growth. Numerous innovative assortments of confectioneries are turning out to be popular among millennials and children in nations such as China, India, and Indonesia. Across economies such as Japan, China, and Singapore, premium confectioneries are seen as great quality products to present as a gift to each other. This, in turn, has boosted the demand for sugar confectioneries.

The surging occurrence of lifestyle-associated health situations such as obesity and diabetes linked with surplus sugar consumption has a considerable influence on the industrial sugar sector.

Regional Insights:

Asia Pacific to Hold Dominant Share in Market due to Augmented Demand for Confectionery Products

Asia Pacific accounts for the largest industrial sugar market share across the world. The market is observing considerable growth, mainly owing to the augmented demand for sugar-rich confectionery products and soft drinks, primarily in urban areas.

Sugar ingestion has been witnessed to be reducing across North American nations such as the U.S. and Canada due to the increasing demand for sugar-free and reduced-sugar goods.

Similarly, the market growth in European nations such as the U.K. and Germany has been perceived to be sturdy owing to the increasing knowledge concerning the adverse health impacts of industrial sugar utilization among users.

Competitive Landscape:

Collaborations among Companies to Safeguard Their Brand Values in the Global Market

Fundamental players in the market are incessantly rooting for efficient notions to endorse their products and establish their positions in the market. One such strategy is to unveil novel products by forming a coalition with other corporations to extend their reach to end-users.

Notable Industry Development:

August 2023: “Just Date”, founded by Dr. Sylvie Charles, is an organic sugar manufacturing startup. The company announced a nationwide expansion with Sprouts Farmers Market Stores. The launch aims to expand the company's U.S. presence to cater to the high-demand market.

Market Overview

The global canned seafood market was valued at USD 30.46 billion in 2024. It is expected to increase to USD 31.78 billion in 2025 and reach USD 45.11 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.13% over the forecast period.

The market is expected to expand in the coming years as more people choose products with clear labels, especially those that are eco-friendly. Big companies are stepping up by creating these products and introducing sustainable canned seafood, which will boost this growth.

Fortune Business Insights presents this information in their report titled "Canned Seafood Market, 2025–2032."

List of Key Players Profiled in the Market Report

• Nippon Suisan Kaisha, Ltd (Japan)
• LDH (La Doria) Ltd (U.K.)
• American Tuna, Inc. (U.S.)
• Universal Canning, Inc. (Philippines)
• Connors Bros. Ltd. (Brunswick Seafoods) (Canada)
• Nueva Pescanova (Spain)
• Marine Harvest ASA (Norway)
• Thai Union Frozen Products (Thailand)
• Royal Greenland (Greenland)
• StarKist Co. (U.S.)

Segments

Increasing Tuna Fish Consumption due to Its Higher Availability to Fuel Segment Growth

The market is divided by species into tuna, salmon, sardines, mackerel, and others. Tuna holds the largest share of the canned seafood market. This is because tuna consumption is rising, thanks to its high availability in over 70 countries.

Increased Accessibility of Various Products to Foster Retail Segment Growth

The market is divided into two main groups: places where people eat and drink (like hotels, restaurants, and cafes) and stores. Stores include big supermarkets, specialty shops, small convenience stores, and online shops. Big supermarkets and hypermarkets are the biggest because they have a lot of different products. But, online shops are growing the quickest because of new technology.

The market is also spread out across different areas of the world: North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Source: https://www.fortunebusinessinsights.com/canned-seafood-market-103806

Report Coverage

The market research report gives a detailed look at the market, focusing on competition and top product types. It offers helpful information on market trends and important changes in the industry. The report also looks at different things that have helped the market grow recently.

Drivers and Restraints

Surging Investments in Aquaculture Production Advancements to Accelerate Market Growth

More people are learning about healthy eating, which means they want to buy more seafood. This is making big seafood companies work harder to produce more. But, problems like climate change and rules from the government about fishing to stop overfishing are making it difficult for these companies to catch more fish. To solve this, big companies are putting money into new ways of farming seafood, which is expected to help the market grow even more. The seafood farming industry is also growing quickly, which is helping the market grow. However, the lack of fish due to overfishing is slowing down the growth of the market.

Regional Insights

Increase in per Capita Consumption to Propel Market Growth in Europe

The Europe market was worth $17.85 billion in 2024, growing due to higher seafood consumption in countries like China and India, seen as a main food. Europe's market is also expanding, mainly because of a rise in seafood eating and a growing interest in cooking.

Competitive Landscape

Key Market Players Emphasizing Product Innovations to Maintain Their Competitive Edge

Leading companies are working on being more eco-friendly and teaming up to make more products and satisfy customer needs. For instance, in May 2019, Nippon Suisan Kaisha Ltd. shared a plan to improve production and boost their output.

Key Industry Development

January 2024 –  Norway-based canned seafood manufacturer, King Oscar launched a new product line of Atlantic salmon in extra virgin oil. The skinless and boneless fish products are available in three varieties in the U.S. market.

Market Overview:

The global beta-glucan market size was valued at USD 313.90 million in 2018 . It is projected to reach USD 847.27 million by 2032, exhibiting a CAGR of 7.38% during the forecast period. North America dominated the beta glucan market with a market share of 44.54% in 2018 . The beta-glucan market in the U.S. is witnessing steady growth, driven by increasing consumer awareness of its health benefits, particularly in immune support, heart health, and dietary supplements.

The increasing demand for plant-based food and surge in horticulture will contribute positively to the growth of the beta-glucan market during the forecast period. As per the Indian Institute of Vegetable Research statistics, the total area under horticultural crops in India is 21.83 million hectares and the production is 240.53 million tons. Fruits and vegetables together add up to 92% of the total horticultural production in the country. The growing inclination towards beta glucan owing to its benefits such as increased immunity and lowered blood sugar levels will boost the beta glucan market revenue during the forecast period. Additionally, the increasing application of beta glucan as dietary supplements, functional food, personal care, and others will spur sales opportunities for the market in the forthcoming years.

Some of the Major Companies in the Operating in the Beta Glucan Market Include:

• Kerry Group plc.
• Givaudan SA
• Koninklijke DSM N.V.
• Euglena Co. Ltd
• Biotec Pharmacon ASA
• Tate & Lyle plc.
• Lesaffre Group
• Kemin Industries, Inc.
• ABF Ingredients
• Super Beta Glucan
• Garuda International, Inc.

As per the report, published by Fortune Business Insights, titled “ Beta Glucan Market Size, Share & Industry Analysis, By Source (Yeast, Mushroom, Cereals, and Microalgae), Application (Food & Beverages, Animal Feed, Personal Care, Pharmaceuticals, and Others), Type (1,3 Beta Glucan, 1,4 Beta Glucan, and 1,6 Beta Glucan), and Regional Forecasts, 2019 – 2032”  the market size stood at USD 313.90 million in 2018. The beta glucan market report incorporates several factors that have impacted the beta glucan market growth and share in recent years. Besides providing insights on the growth stimulators, it reveals a few factors that have restricted the market growth. The report highlights a few of the leading products, significant companies, and considerable industry developments of recent times. The competitive landscape has been discussed in in-depth in the foodservice equipment market report. Forecast values for the market have been provided in the report for the period of 2019 to 2032. Moreover, the report recognizes areas that have witnessed the highest demand and applications for the product in recent years.

Source: https://www.fortunebusinessinsights.com/industry-reports/beta-glucan-market-100532

Market Driver:

Rising Emphasis on Dietary Supplements to Augment Healthy Growth

The increasing popularity of nutraceutical products will have a positive impact on the beta glucan market growth during the forecast period. The growing emphasis on healthy and functional food items by consumers to fulfill nutritional requirements will bolster substantially to market development. Moreover, the rising importance of dietary supplements owing to their numerous benefits will also aid the expansion of the market. The surge in gym-goers, athletes and health-conscious consumers will also contribute positively to the growth of the market in the foreseeable future. The rising focus of nutraceutical manufacturing companies towards the formulation and offering of varied and natural supplements infused with the advantage of beta glucan specifically to improve gut and immune health of the body will increase business profits for the beta glucan market. Additionally, the growing reverence towards vegetation and green environment will augment the applications of beta glucan.

Market Restraint:

Functional Properties of Beta Glucan to Hinder Demand Among Hyperglycemia Patients

The rising cases of diabetes around the world owing to lack of nutritional guidance and lack of insulin in the body will unsolicitedly dampen the growth of the market. Diabetic cases involve both hypoglycemia patients with low blood sugar levels and hyperglycemia patients with high blood sugar levels. According to the Global Diabetes Community, U.K., it was estimated that 415 million people were suffering from diabetes in 2018 across the globe and the numbers are expected to rise to 642 million by 2040. “As beta glucan is popular for its functional property which lowers the blood sugar level in the body. This factor will hamper the requirement for beta glucan among hyperglycemia- patients with low blood sugar levels”, states our lead analysts at Fortune Business Insights. Nonetheless, hypoglycemia patients can consume beta glucan in irregular intervals without affecting the blood sugar levels in the body.

Regional Insight:

Growing Obese Population to Encourage Growth in North America

North America generated a revenue of USD 139.80 Million in 2018 and is predicted to dominate the global market during the forecast period owing to the growing obese population in the region. According to the Centers for Disease Control and Prevention, the prevalence of obesity in the U.S was 39.8% and affected around 93.3 million of the U.S. adult population in 2015-2016. The rising awareness regarding the benefits of algae-derived products will boost the beta glucan market trends.

KEY INDUSTRY DEVELOPMENTS:

• In November 2019,  Kerry Group plc. created and implemented an artificial intelligence platform viz. Kerry TrendSpotter, developed in partnership with IBM Watson. The technology will analyze the need & demands of millions of consumers through social media to forecast future demand and beta glucan market trends for products and other natural food & food ingredients in the global market place.