Market Overview-

The global vitamins and supplements market size was USD 146.14 billion in 2023 and is anticipated to grow from USD 154.98 billion in 2024 to USD 250.81 billion by 2032 at a CAGR of 6.20% during the forecast period. Moreover, the vitamins and supplements market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 27.74 billion by 2032, driven by the acceptance of healthy intake during their hectic work schedule and rising demand for several vitamins and supplement products. Asia Pacific dominated the vitamins and supplements industry with a market share of 45.78% in 2023. 

A list of prominent vitamins and supplements companies operating in the market:

• Bayer AG (Leverkusen, Germany)
• Koninklijke DSM N.V. (Heerlen, Netherlands)
• Archer Daniels Midland Company (Illinois, U.S.)
• BASF SE (Ludwigshafen, Germany)
• Glanbia, Plc (Kilkenny, Ireland)
• Nuleaf Naturals LLC. (Colorado, U.S)
• Herbalife Nutrition (California, U.S.)
• Reckitt Benckiser Group plc (Slough, U.K.)
• NutraMarks Inc. (California, U.S.)
• Otsuka Pharmaceutical (Tokyo, Japan)

Segments-

Multivitamins Segment Earned 35.21% in 2023: Fortune Business Insights™

Based on the type, this market is divided into pediatric supplements, calcium supplements, multivitamins, and others. Out of these, the multivitamins segment held 35.21% in terms of the vitamins and supplements market share in 2023. This growth is attributable to the increasing consumption of vitamin A, C, E, & D to reduce deficiencies of micronutrients.

Source: https://www.fortunebusinessinsights.com/vitamins-and-supplements-market-104051

Report Coverage-

Our skilled analysts have presented an accurate picture of the global market for vitamins and supplements by summation, synthesis, and study of data from various crucial sources. They have also included multiple facets of the industry with the main focus on determining the significant market influencers. Thus, the data is reliable and comprehensive. It was collected through extensive primary and secondary research.

Drivers & Restraints-

Increasing Awareness of Preventive Healthcare Products to Augment Growth

The global population of children and senior citizens is growing daily. This has strengthened people's expenditures on vitamins and dietary supplements (VDS). Regulatory bodies of various countries are modernizing their norms on the production of vitamins and supplements. Besides, the rising awareness regarding preventative healthcare products among consumers is expected to propel marketing and production efforts by renowned firms.

Furthermore, numerous manufacturers worldwide utilize unique technologies to meet the high demand. At the same time, the rapid acceptance of such products would bolster the vitamins and supplements market growth. However, these products must go through the Dietary Supplement Health and Education Act of 1994, which can result in procedural delay. This factor may hinder the demand for supplements & vitamins.

Regional Insights-

High Demand for Traditional Medications to Favor Growth in Asia Pacific

In 2023, Asia Pacific generated USD 66.90 billion in terms of revenue. Adopting the concept of nutritional food items in the region due to the rising concerns regarding malnutrition would aid growth in this region. Japan and China are considered to be the leading markets because of the high demand for conventional medicines. In North America, the market is set to grow astonishingly on account of the rising acceptance of healthy intake during hectic work schedules, especially in Mexico and the U.S.

Competitive Landscape-

Key Players Aim to Conduct R&D Activities to Introduce Novel Vitamins & Supplements

Key Companies operating in this market are striving to strengthen their positions by conducting extensive research and development activities. Some of the others are trying to cater to the high demand created by the COVID-19 pandemic.

Below are two latest industry developments:

May 2023 - SmartyPants Vitamins announced the launch of the new version of the company's gummy products, multivitamins without gelatine, which will be available nationwide in Walmart stores.

Market Overview

A key  honey market trend  is the industry's robust and sustained growth. 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%. This upward trend is also evident in the U.S., where the market is projected to reach an estimated USD 1.89 billion by 2032, driven by factors like a growing number of beekeepers and rising demand for natural sweeteners. Regionally, Asia Pacific dominated the market in 2023, holding the largest share.

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:

Honey is experiencing a modern renaissance, driven by a powerful consumer shift towards natural wellness. In the wake of the pandemic, shoppers are increasingly aware of honey's immune-boosting properties, leading to a surge in its popularity. This trend is especially pronounced in developed nations, where the demand for organic and clean-label products is at an all-time high.

Capitalizing on this momentum, the industry is innovating beyond the jar. New health-focused products, from supplements to functional beverages like Singapore’s "Honey Exir," are expanding honey's reach. Behind the scenes, technological advancements in automation are streamlining the supply chain, ensuring that a higher-quality product reaches a more health-conscious consumer.

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.

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

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 tequila market size was valued at USD 11.04 billion in 2023 and is projected to grow from USD 11.69 billion in 2024 to USD 18.58 billion by 2032, exhibiting a CAGR of 5.97% during the forecast period. North America dominated the tequila market with a market share of 62.14% in 2023.

 Tequila is a distilled spirit from Mexico made from the juices of the Weber blue agave plant. According to the International Wine and Spirit Research (IWSR), blue agave plant distilled beverage has been the category's second-fastest-growing spirit in recent years, says Fortune Business Insights ^TM in its report titled, “Tequila Market, 2024-2032”.

List of Key Market Players:

• Pernod Ricard S.A. (France)
• Diageo Plc (U.K.)
• Bacardi Limited (Bermuda)
• Suntory Holdings Limited (Japan)
• Heaven Hill Distilleries, Inc. (U.S.)
• Campari Group (Italy)
• Sazerac Company Inc. (U.S.)
• Brown-Forman Corporation (U.S.)
• Casa Aceves (México)
• Constellation Brands, Inc. (U.S.)

Segmentation-

By Type, Blanco to Account for Major Market Share 

On the basis of type, the market is divided into blanco, reposado, anejo, and others. Blanco variants account for a sizable portion due to their earthy, semi-sweet, distinct agave flavor. Its smoother taste and wide availability result in widespread consumption. The widespread use of blanco variants in various cocktails such as margaritas and Palomas contributes to the market's dominance.

By Grade, Premium Variant to be Leading Segment

The premium variant will lead the tequila market share as consumers demand high-quality craft spirits. The premium-grade spirit combines desirable characteristics that consumers value, such as sensory appeal, mouthfeel, and texture. The demand for such luxury spirit variants is primarily driven by millennials and young adults.

By Distribution Channel, On-Trade Sales to be the Major Distribution Channel

The on-trade sales channel is one of the most prominent alcohol sales channels, and it is expected to dominate the market share. Consumers prefer quick servings, entertainment, and ambiance in developed economies, driving on-trade sales. However, the off-trade channel is expanding rapidly because purchasing alcohol from supermarkets, and brick-and-mortar stores is much more cost-effective.

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

Report Coverage-

The market research report contains both qualitative and quantitative information about the market. It also provides a detailed analysis of the market size and growth rate for all possible market segments. The key insights presented in the tequila market report are an overview of related markets, recent industry developments such as mergers and acquisitions, the regulatory scenario in critical countries, and key industry trends.

Source: https://www.fortunebusinessinsights.com/tequila-market-104172

Drivers & Restraints-

Market Growth is driven by Consumers' interest in New Flavors and Exotic Tastes

One of the major factors driving demand for blue agave plant-based distilled spirits is the growing popularity of various artisanal spirits among consumers worldwide. Consumers worldwide want fresh and delicious exotic drinks with a distinct flavor, propelling the market growth. However, in recent years, as we have seen an increase in spirits consumption, particularly in developing regions, developed countries have predicted a shift in consumer preferences toward low and no alcoholic beverages. Their growing awareness of the negative effects of alcohol consumption has led them to seek out low or no alcohol drinks that taste just like alcoholic beverages but without the negative consequences. This factor may impede the tequila market growth.

Regional Insights-

North America Held the Dominant Position in the Market

North America dominated the market in 2021, with a market value of USD 6.09 billion. This is due to a growing consumer preference for agave-based spirits in the U.S. and Mexico. According to the Distilled Spirits Council of the U.S., agave-based spirits sales will increase 30.1% to USD 5.2 billion in 2021.

The European market is expected to grow significantly due to the increasing popularity of artisanal spirits in Germany, Spain, and the U.K. with its craftsmanship, heritage, and protected status, tequila is well-positioned to benefit from the region's popularity of craft spirits, where more drinkers are looking to 'drink better and turning to premium brands.

In the Asia Pacific, the spirit has gained popularity among consumers, particularly millennials in China and Australia. Increased imports and consumers seeking quality over quantity and preferring small-batch spirits have fueled the market growth.

Alcohol consumption is increasing in Latin American countries such as Brazil and Argentina, which will likely contribute to the region's overall performance. Premiumization and innovation trends in white spirits are observed in the Middle East and Africa, supporting tequila market growth.

Competitive Landscape-

To Remain Competitive, Companies Need to Introduce New Variants

Due to the product's extensive production in Mexico and the United States, the market is moderately consolidated. Along with this, prominent players are innovating and launching products worldwide. Companies like Bacardi & Company Ltd., Diageo Plc, and Pernod Ricard S.A. focus on new product development and increasing exports to diversify their product portfolio and maintain a competitive advantage.

Notable Industry Development-

February 2022: Avión Reserva Cristalino Tequila has been added to Pernod Ricard's Avión portfolio. The company has created a product that honors every step of its production process from field to bottle, highlighting the uniqueness of its terroir, the character of agave, the purity of distillation, and the delicate relationship with wood during aging.

Market Overview :

Current  ice cream market trends  indicate significant global growth. The market size was valued at USD 76.11 billion in 2023 and is projected to grow from USD 79.08 billion in 2024 to USD 132.32 billion by 2032, exhibiting a CAGR of 6.65% during the forecast period. A key regional trend is the strong performance in the U.S., where the market is projected to reach an estimated value of USD 28.56 billion by 2032, driven by high demand for frozen dairy desserts and the rising number of fast food chains and restaurants. In terms of regional dominance, another notable trend is the leadership of Asia Pacific, which dominated the market with a share of 32.82% in 2023.

Ice Cream Market Share, Size, & Industry Analysis, By Type (Impulse and Take Home), By Flavor (Vanilla, Chocolate, Fruit, and Others), By Packaging (Cup, Cone, Stick, Brick, Tub, and Others), By Distribution Channel (Hypermarket/Supermarket, Ice cream Parlor, Online Retailer, and Others)

List of Key Players Profiled in the Report

• Nestle S.A. (Switzerland)
• Unilever Group (U.K.)
• General Mills (U.S.)
• Amul (India)
• Dunkin Brands (U.S.)
• Blue Bell Creameries (U.S.)
• Dairy Queen (U.S.)
• Dairy Farmers of America, Inc. (U.S.)
• Cold Stone Creamery (U.S.)
• CAMAL Ltd Company (Azerbaijan)

Segments:

By Type, Impulse Segment to Record Fastest CAGR during 2024-2032

Based on type, the market is bifurcated into impulse and take-home. The impulse segment dominated the market share in 2021, owing to the rising popularity of conveniently packaged products among consumers. On the other hand, the take-home segment will record notable growth through 2032.

By Flavor, Vanilla Segment to Capture Maximum Share through 2032

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2024-2032, led by the increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2024-2032

On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2032, led by the tremendous popularity of cup ice creams. The convenience associated with this type of packaging makes it extremely popular among consumers.

By Distribution Channel, Online Retailer Segment to Gain Traction through 2032

According to the distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. The ease of convenience of online ordering will drive the growth of this segment.

Source: https://www.fortunebusinessinsights.com/ice-cream-market-104847

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.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints :

In response to growing consumer demand for healthier snacks, the ice cream industry is innovating beyond traditional recipes. By incorporating functional and fortified ingredients, brands are positioning ice cream as a nutritious option with benefits that extend beyond simple indulgence. While this strategy is set to drive market growth, companies must navigate the logistical challenges of a short shelf life and the sales fluctuations caused by seasonal demand.

Ice Cream Market Growth

A primary factor is "premiumization," as consumers increasingly seek high-quality, artisanal, and indulgent experiences. Simultaneously, the health and wellness movement has created a surge in demand for "better-for-you" options, including plant-based, dairy-free, low-sugar, and high-protein varieties.

Innovation is also crucial, with manufacturers introducing novel flavors and formats to attract adventurous palates. Furthermore, the expansion of online food delivery services has boosted accessibility and impulse purchases. As disposable incomes rise in emerging economies, these regions represent significant new frontiers for market growth. The industry's ability to balance classic indulgence with modern dietary preferences ensures a dynamic and promising future.

Regional Insights :

Asia Pacific to Dominate Market Share, led by Increasing Disposable Income

Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at a 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of Western cuisine and culture have all boosted product consumption throughout Asia Pacific.

North America is expected to capture the second-largest share of the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the consumption.

The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand. 

Competitive Landscape:

Market Players Focus on New Product Development and Launches to Strengthen Position

Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021.

Key Industry Development:

February 2024:  Unilever partnered with leading precision fermentation innovator Perfect Day to launch Breyers Lactose-Free Chocolate, which is composed of Perfect Day's dairy protein from fermentation in the U.S.

Market Overview:

The Saudi Arabia food service market size was valued at USD 31.69 billion in 2024. The market is projected to grow from USD 34.45 billion in 2025 to USD 61.77 billion by 2032, exhibiting a CAGR of 8.70% during the forecast period.

The food service market in Saudi Arabia is growing at a rapid pace, driven by key  Saudi Arabia food service market Trends . For instance, the demand for home delivery services is rising each year across the country, and consumers are also increasing their intake of takeaway foods. The number of food and shopping malls has grown tremendously across the country over the last few years. Saudi Arabia is also witnessing a strong rise in the trend of opening food outlets in shopping malls. These factors will not only boost market growth but are also expected to impact the Saudi Arabia food service market share as different service models compete for consumer attention.

Fortune Business Insights™ displays this information in a report titled, "Saudi Arabia Food Service Market, 2025-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Starbucks Corporation (U.S.)
• Yum! Brands, Inc. (U.S.)
• McDonald’s Corporation (U.S.)
• Restaurant Brands International Inc. (Canada)
• Domino’s Pizza, Inc. (U.S.)
• Papa John's International, Inc. (U.S.)
• ALBAIK Food Systems Company Ltd. (Saudi Arabia)
• Herfy Food Services Co. JSC, KSA. (Saudi Arabia)
• KUDU Company for Food and Catering (Saudi Arabia)
• Hardee’s Restaurants LLC (U.S.)

Source: https://www.fortunebusinessinsights.com/saudi-arabia-food-service-market-106896

Segmentation:

Vast Variety in Menu to Increase Customers’ Preference for Full Service Restaurants

Based on type, the market is segmented into full service restaurants, quick-service restaurants, institutes, and others. The full service restaurant segment captured a dominant Saudi Arabia food service market share as families and corporate gatherings prefer these restaurants due to their vast variety in menu.

Commercial Food Services to Increase Considerably Due to Their Growing Network

By service type, the market is segmented into commercial and institutional. The commercial food service segment is anticipated to lead the market growth as more customers are visiting restaurants and cafes to dine out, which can prompt restaurant owners to expand their business operations.

Report Scope and Analysis
This report offers a comprehensive analysis of the market, providing a detailed examination of its size, share, growth rate, and segmentation. It includes an in-depth review of key industry dynamics, recent developments such as mergers and acquisitions, and a SWOT analysis. The study also covers leading market trends, the competitive landscape, and the regulatory environment in key regions.

Key Market Dynamics
The market's growth is primarily driven by the expansion of international brands into Saudi Arabia, with prominent restaurant and hotel chains like The Cheesecake Factory, Cipriani, and Hakkasan establishing operations. This trend is further supported by renowned chefs opening new restaurants in the country. However, potential challenges and negative perceptions associated with online food delivery services may act as a restraint on market progress.

Country Insights:

The food & beverage sector in Saudi Arabia is the largest in the Middle East region. As per data published by the Saudi Arabian General Authority for Investment (SAGIA), the country’s average spending on food services is estimated to rise by 6% every year during the next 5 years. The demographic and social changes in the country are responsible for the market’s growth.

Competitive Landscape:

Rising Tourism Sector to Prompt Top Market Players to Set Up Base in Saudi Arabia

The COVID-19 pandemic had a heavy impact on Saudi Arabia’s food service industry. This made companies wary of entering the market as there was a high risk of incurring losses. However, as the market recovered from the outbreak, these firms focused on expanding their business operations, which helped the food service industry grow.

Notable Industry Development:

• January 2024: “ Blessings Basket Company” has signed a franchise agreement with the “Rave Restaurant Group”, through its subsidiary “Pizza Inn”, to expand its presence in Saudi Arabia. Through this agreement, Pizza Inn will open 50 new restaurants in Saudi Arabia, starting with two stores in January 2024. Pizza Inn currently operates 110 restaurants in the U.S. and 19 in international markets. In the upcoming decade, Blessings Basket Company is planning to launch 50 more restaurants in the Kingdom of Saudi Arabia.

Market Overview:

The global omega-3 fatty acids market size was USD 1.54 billion in 2020. The global market is projected to grow from USD 1.62 billion in 2021 to USD 2.24 billion in 2028 at a CAGR of 4.80% during 2021-2028. North America dominated the omega-3 fatty acids market with a market share of 40.26% in 2020.

Omega-3 Fatty Acids Market Share, Size, & COVID-19 Impact Analysis, By Source (Concentrates, Fish Oil, Algae Oil, Krill Oil, and Other Plant Sources), Application (Dietary Supplements, Functional/Fortified Foods, Infant Formulae, Pharmaceuticals, and Animal Feed & Pet Food)

The sustained omega-3 fatty acids market growth is driven by expanding applications across multiple sectors including dietary supplements, functional foods, and pharmaceuticals. This omega-3 fatty acids market growth trend is expected to continue as consumers increasingly prioritize health and wellness products containing these essential nutrients.

List of Key Companies in the Market:

• Royal DSM N.V. (Netherlands)
• Evonik (Germany)
• BASF SE (Germany)
• Lonza (Switzerland)
• Epax (Norway)
• Croda International, Plc (U.K.)
• Cargill, Inc. (U.S.)
• Golden Omega (Chile)
• Corbion (Netherlands)
• Polaris (U.S.)

Segmentation:

Based on source, the market is classified into concentrates, fish oil, algae oil, krill oil, and other plant sources. Based on application, the market is divided into dietary supplements, functional/fortified foods, infant formulae, pharmaceuticals, and animal feed & pet food. The growing popularity of dietary supplements will boost the segment growth. Geographically, the market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report presents In-depth information about the challenges, opportunities, and market trends. It has elaborate details regarding the growth drivers and obstacles that the market may come across during the forthcoming years. It offers a list of the crucial factors impacting the market in every region. It has an extensive analysis of the latest trends of the market.

Source: https://www.fortunebusinessinsights.com/industry-reports/omega-3-fatty-acids-market-100248

Drivers & Restraints :

Heavy Investments in R&D to Boost Omega-3 Fatty Acids Market

The fatty acid supplement market is expanding due to several key factors:

Primary Driver: Enhanced Bioavailability:

• Continuous technical improvements in supplement delivery and absorption are fueling market growth.
• Companies are investing heavily in R&D to overcome the natural difficulty of absorbing lipid-based supplements.
• Example: Pharmako Biotechnologies developed the AquaCelle system to improve absorption.

Secondary Drivers:

• New Sources: Advanced processing techniques are making it possible to extract omega-3 from a wider variety of sources.
• Improved Product Quality: Significant effort is being made to enhance the taste, smell, and texture of fatty acid supplements, making them more appealing to consumers.

Potential Restraints:

• Despite progress, challenges related to processing and poor organoleptic properties (taste/smell) continue to be potential barriers to growth.

Regional Insights :

Growing Cognizance regarding Fatty Acids' Benefits to Propel Market in North America

In 2020, the market size in North America was USD 0.62 billion. The region is expected to account for the highest omega-3 fatty acids market share in the forthcoming years. The market's strong growth in North America might be due to growing knowledge of polyunsaturated fatty acids' beneficial health benefits. Dietary supplements and functional foods will be in high demand in this area due to the rising prevalence of lifestyle-related health issues, the aging population, hectic lifestyles, and stress factors. Veganism and vegetarianism are becoming more popular in the region, resulting in a surge in demand for omega fatty acids derived from plants. Increased demand for omega fatty acid-containing functional foods and dietary supplements has stemmed from a rising knowledge of the health advantages of polyunsaturated fatty acids among European and South American clients.

Competitive Landscape :

Adoption of Partnership Strategies by Companies to Intensify Market

Attributed to the existence of companies, such as Evonik, BASF SE, Royal DSM N.V., Lonza & Epax, the market structure is relatively consolidated. These large businesses are attempting to consolidate even further by purchasing smaller participants in the market. Partnerships, partnerships, and research and development investments are just a few of the primary measures used by these firms to further expand their market position.

Key Development :

June 2021:  OmegaQuant announced the enlargement of its portfolio with the launch of the new Omega-3 Index Test for pets. With this sample collection kit, pet owners can use their veterinarian to measure their pet’s omega-3 status.

Market Overview

The global gelatin market size was valued at USD 3.07 billion in 2023 and is projected to grow from USD 3.20 billion in 2024 to USD 5.51 billion by 2032, exhibiting a CAGR of 7.03% during the forecast period. Europe dominated the gelatin market with a market share of 41.04% in 2023. Moreover, the gelatin market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 602.32 million by 2032, driven by growing demand for natural and clean-label ingredients in various industries such as food & beverages, cosmetics, and others.

Gelatin Market Share Size, & Industry Analysis, By Source (Porcine, Bovine, and Others), By Application (Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics, and Others)

The gelatin market growth is accelerating rapidly, mainly because more people are interested in functional foods and drinks, and because gelatin is used more in medicines and cosmetics. People also want products with clear labels, and gelatin is used in things like pasta, yogurt, and cosmetics, contributing to sustained gelatin market growth. Gelatin is a popular ingredient in food because it helps keep food stable, gives it a good texture, and helps it foam.

During the pandemic, more people were cooking and baking at home, which made the demand for gelatin go up, boosting gelatin market growth significantly. To meet this demand and capitalize on gelatin market growth opportunities, companies are creating new products. For example, PB Leiner introduced Textura Tempo Ready in August 2020. This new gelatin is clean, doesn't have any extra ingredients, is made from gelatin only, and it's easier to use than regular gelatin, supporting continued gelatin market growth innovation.

This information comes from Fortune Business Insights in their report, "Gelatin Market, 2024-2032."

List of Key Players Covered in the Reports

• Gelita AG (Germany)
• Darling Ingredients Inc. (U.S.)
• Nitta Gelatin, Inc. (Japan)
• Tessenderlo Group (Belgium)
• Weishardt (France)
• Trobas Gelatine B.V. (Netherlands)
• Lapi Gelatine S.p.a. (Italy)
• Juncà Gelatines SL (Spain)
• Italgel S.r.l (Italy)
• Sterling Biotech Ltd. (India)
• Gelnex (Brazil)

Segments

Porcine Gelatin to Hold Largest Share Owing to its Higher Nutrient Content

Based on source, the market is segmented by porcine, bovine, and others.

Porcine segment witnessed a strong sales performance over other sources since they are less expensive. Besides, the issue of possible fraud and mislabeling has become a concern among consumers.

Growing Use of the Product in Food & Beverages Propels Gelatin Market Growth

Gelatin is a versatile ingredient in many sectors like food, healthcare, cosmetics, and more. It's most commonly found in snacks, candies, and desserts due to its use in the food industry. The market is spread across five major regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/gelatin-market-107012

Report Coverage

The report provides a detailed analysis of the market, dividing it into various segments and offering a comprehensive overview. It explores current trends and prospects, as well as regional changes and their influence on market expansion. It also discusses COVID-19's impact on potential risks for investors and business owners. Furthermore, the report evaluates major companies and their strategies for maintaining competitiveness.

Driving Factors

Expanding Use of Gelatin in Healthcare and Pharmaceutical Industries Will Fuel Market Expansion

Gelatin is becoming more important in medicine because more people have long-term health issues, there are more older people, and more individuals care about their health. The market is growing because of better attention to health and higher medical expenses. Gelatin is also liked for its advantages, like supporting weight loss and treating diseases like weak bones, rheumatoid arthritis, and osteoarthritis.

Regional Insights

Europe to Dominate Backed by Increasing Prevalence of Bone-Related Diseases

• Europe:  The largest market, valued at USD 1.08 billion in 2021. Its expansion is fueled by the increasing need for products addressing bone-related health conditions.
• North America:  Dominated by the food and beverage sector as consumers increasingly prefer health-focused products over traditional ones.
• Asia Pacific:  Expected to be the fastest-growing market, driven by demographic shifts such as an aging population and a rise in chronic diseases.

Competitive Landscape

Partnerships among Companies to Secure their Brand Values in the Global Market

The gelatin industry is very competitive because many sectors, including food, medicine, and cosmetics, rely on it. A few major companies lead the market by creating new products, partnering with other businesses, and increasing their production.

Two key challenges are changing the market:

1. Consumers increasingly want natural and "clean-label" ingredients.
2. Plant-based alternatives like agar-agar and pectin are becoming popular, especially with vegans and vegetarians.

To stay ahead, companies are researching new uses for gelatin (like in health foods), expanding internationally, and sometimes merging with or acquiring other companies.

Key Industry Development

December 2023:  Darling Ingredients Inc., a leading gelatin manufacturer, obtained a patent for its specialized gelatin StabiCaps. This formulation helps improve the stability of soft gel capsules and can be used to produce a wide range of pharmaceuticals.

January 2022:  According to a report from Darling Ingredients Inc., the Terasaki Institute for Biomedical Innovation (TIBI), a regenerative medicine research Centre with Californian base, has teamed with the company's global brand, Rousselot Health. With this agreement, the businesses are concentrating on developing gelatin-based medicines that will eventually find use in clinical settings.

Market Overview

The  whey protein market Growth  is set for a significant surge, with the global market size projected to expand from USD 11.79 billion in 2023 to USD 22.63 billion by 2032. This expansion, which starts from a base of USD 12.64 billion in 2024, represents a compound annual growth rate (CAGR) of 7.5% during the forecast period. In 2023, North America led the market with a dominant share of 35.96%. A key driver of this growth is the U.S. market, which is expected to reach an estimated USD 5.11 billion by 2032, fueled by heightened health awareness and consumer focus on daily protein intake.

Rising consumer awareness regarding a healthy diet is expected to boost consumer product demand. Further, growing innovations in protein manufacturing containing several amino acids may increase the product’s adoption. Moreover, robust demand for premium products may facilitate the product demand. In addition, the strong demand for premium products across the personal care industry is expected to propel industry development during the upcoming years.

List of Key Players Profiled in the Report

• Hilmar Cheese Company, Inc. (U.S.)
• Saputo Inc. (Canada)
• Glanbia plc (Ireland)
• Fonterra Co-operative Group Ltd. (New Zealand)
• Arla Foods (Denmark)
• Alpavit (Germany)
• Wheyco GmbH (Germany)
• Milk Specialties (U.S.)
• Carbery Group (Ireland)
• LACTALIS Ingredients (France)

Segments

By type, it is segmented into isolates, concentrates, and others. Based on application, it is classified into animal feed, food and beverages, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

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

Source: https://www.fortunebusinessinsights.com/whey-protein-market-106555

Drivers and Restraints

Strong Demand for Protein-Rich Diet to Nurture Industry Progress

The whey protein market is poised for significant expansion, fueled by a convergence of consumer trends. Key growth drivers include the rising demand for protein-rich diets, increased health consciousness regarding chronic conditions, and a growing preference for convenient food options. Furthermore, rising disposable incomes and a cultural shift toward healthier lifestyles are bolstering consumption. The expanding sports nutrition sector, catering to athletes and fitness enthusiasts, provides an additional catalyst for growth. However, the market faces a notable headwind from the increasing popularity of plant-based protein alternatives, which could temper future expansion.

Regional Insights

Rising Awareness Regarding Easy Usability and Convenience to Boost Growth in North America

North America is expected to dominate the whey protein market share due to rising awareness regarding easy usability and convenience. The market in North America stood at USD 3.73 billion in 2021 and is expected to gain a huge portion of the global market share. Further, evolving consumer preferences and tastes may boost the product demand. These factors may propel industry growth.

In Europe, increasing trends of preventive healthcare, rising emphasis on healthy living, and growing demand for protein supplements may foster the product’s demand. In addition, the adoption of proteins in naturally and synthetically derived foods may propel market growth.

In Asia Pacific, the rising domestic demand and exports for dairy-based products, such as whey and casein, may foster market development.

Competitive Landscape

Companies Announce Acquisition Strategies to Reinforce their Stance

Prominent companies operating in the market announce acquisition strategies to reinforce their market position globally. For example, Saputo Inc. declared two acquisitions in the value-added and dairy alternatives segment. The company invested nearly USD 146.94 million and acquired Wisconsin Specialty Protein, LLC’s Reedsburg facility. It produces value-added ingredients such as whey, goat, organic lactose, and others. This acquisition may enable the company to reinforce its market stance globally. Furthermore, companies adopt product launches, mergers, partnerships, and research and development strategies to boost their annual revenues.

Industry Development

November 2023:  FrieslandCampina Ingredients, a leading global protein supplier, announced the launch of Nutri Whey ProHeat. The company's new ingredient is microparticulated and heat-stable, designed for the medical nutrition market.