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.

The gelatin market is growing fast, 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. 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. To meet this demand, 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.

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 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

The largest revenue for gelatin market share, which was valued at USD 1.08 billion in 2021, was contributed by Europe. The expansion of the European market is anticipated to be fueled by the rising prevalence of bone-related illnesses.

Due to the movement in consumer desire from traditional items to more health-oriented products, the food and beverage industry dominates the North American market.

Asia Pacific is anticipated to have the market's fastest growth rate. The region's market is expanding as a result of increased chronic disease occurrences and an aging population.

Competitive Landscape

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

Top companies are smartly working to advertise their products and boost their market standing. A successful approach is teaming up with other businesses to introduce new items and grow their customer base.

The gelatin market is highly competitive, fueled by growing demand across the food, pharmaceutical, and cosmetics industries. Major players such as Gelita AG, Rousselot, Tessenderlo Group, and Nitta Gelatin maintain their market leadership through product innovation, strategic partnerships, and expanded production capacities. The rising consumer preference for natural and clean-label ingredients has further intensified competition, encouraging companies to prioritize sustainable sourcing and premium-quality products.

In the Asia-Pacific region, regional manufacturers like India Gelatine & Chemicals Ltd. are gaining momentum, benefiting from cost efficiencies and increasing local demand. However, the market also faces mounting competition from plant-based alternatives such as agar-agar and pectin, particularly appealing to vegan and vegetarian consumers.

To stay competitive, companies are ramping up investments in research and development for specialized uses, including nutraceuticals and functional foods, while ensuring compliance with stringent regulatory standards. Mergers, acquisitions, and global expansion continue to be key strategies for leading companies aiming to enhance their international footprint.

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 Size:

The global beef market size was valued at USD 459.87 billion in 2024. The market is projected to grow from USD 484.75 billion in 2025 to USD 656.44 billion by 2032, exhibiting a CAGR of 4.43% during the forecast period. North America dominated the beef market with a market share of 39.08% in 2024.

Fortune Business Insights™ reports that the growing consumer preference for animal-based protein products is expected to drive market growth from 2025 to 2032.

List of Key Market Players:

• JBS SA (Brazil)
• National Beef Packing Company, LLC (U.S.)
• American Foods Group, LLC. (U.S.)
• Agri Beef Co. (U.S.)
• Perdue Farms Inc. (U.S.)
• Tyson Foods, Inc. (U.S.)
• Strauss Brands LLC (U.S.)      
• Cargill, Incorporated(U.S.)
• Central Valley Meat (U.S.)
• Danish Crown A/S (Denmark)

Segmentation-

The beef market is segmented based on cut type, including ground beef, roasts, steaks, and other variations. It is further categorized by distribution channels, such as retail outlets, HoReCa (hotels, restaurants, and cafés), and butcher shops. Regionally, the market is divided into major areas: Asia Pacific, North America, Europe, and the Middle East & Africa.

Report Coverage-

The report offers a detailed look at the beef market, focusing on major companies, different beef cuts, and distribution channels. It also provides market insights and highlights important industry developments. Additionally, the report covers other factors that have contributed to the market's growth in recent years.

Source: https://www.fortunebusinessinsights.com/beef-market-106640

Drivers & Restraints-

Increasing Beef Consumption and Sales to Augment Market Growth Worldwide

The global meat distribution network is rapidly expanding, and this trend is expected to drive growth in the beef market over the coming years. Increasing consumer preference for dining out at cafes, hotels, and restaurants is boosting meat demand within the foodservice sector. Additionally, the rise of online platforms offering a broad selection of products and attractive discounts is set to further accelerate the sales of fresh and chilled meat.

On the other hand, growing environmental concerns—particularly regarding the greenhouse gas emissions linked to animal farming—are encouraging efforts to reduce meat consumption. As a result, a potential decline in livestock farming may present challenges to the long-term growth of the beef market.

Beef Market Future Outlook

• Rising Demand : Global demand for beef is projected to grow, driven by population growth and shifting dietary preferences, particularly in developing nations.
• Sustainability Concerns : With increasing awareness of environmental issues, consumers are likely to push for more sustainable farming practices within the beef industry.
• Technological Advancements : Innovations in farming technology are expected to enhance production efficiency, helping meet rising demand while lowering costs and reducing environmental impact.
• Health Trends : The growing focus on leaner meat options may influence beef production strategies, leading to a shift in product offerings to align with health-conscious consumer preferences.

Competitive Landscape-

Key Players Adopt New Growth Strategies to Stay Ahead of the Competition

The global beef market is dominated by a few major corporations, with companies like Cargill Inc., JBS SA, Tyson Foods Inc., LLC, National Beef Packing Company, and Danish Crown A/S leading the competition to boost revenue. To drive market growth, these companies are adopting strategies focused on product innovation and expanding their manufacturing operations geographically.

In addition, they are working to integrate their supply chains to gain greater control over production processes. Blockchain technology is being utilized to monitor cattle health and ensure product safety. Manufacturers are also focusing on developing innovative solutions to cater to diverse consumer tastes and preferences across different regions, in response to the growing demand for unique meat products.

Beef Market Trends

• Rising Demand : Global demand for beef is on the rise, with consumers increasingly seeking higher-quality meat, which in turn drives prices upward.
• Health-Conscious Choices : A growing number of consumers are opting for leaner cuts of beef, influencing the types of products that are marketed and sold.
• Sustainable Practices : In response to consumer demand for eco-friendly options, many producers are adopting sustainable farming methods.
• Price Fluctuations : The beef market is subject to regular price fluctuations, driven by factors such as weather conditions, feed costs, and disease outbreaks.

Notable Industry Development-

April 2023 -  Aleph Farms, one of the leading cultivated meat producers, announced plans to launch its brand Aleph Cuts with beef products, such as Petit Steak. The company was planning to launch these products in Israel and Singapore.

Market Size:

The global non-alcoholic beverages market was valued at USD 919.13 billion in 2019 and is expected to reach USD 1,601.87 billion by 2032, registering a CAGR of 6.84% over the forecast period. The U.S. non-alcoholic beverages market is anticipated to see substantial growth, with its value projected to reach approximately USD 225.62 billion by 2030. In 2019, North America led the global market, accounting for a 21.71% share.

The global non-alcoholic beverages market size is anticipated to rise significantly on account of the current trend of health and fitness and the rising inclination towards healthy beverages. As per a recent published report by Fortune Business Insights titled,  “Non-alcoholic Beverages Market Size, Share & Industry Analysis, By Type (Carbonated Soft Drinks, RTD Coffee & Tea, Bottled Water, and Fruit Beverages), Distribution Channel (Supermarket/ Hypermarket, Food Services Sector, Convenience Stores, Specialty Stores, and Online Retails), and Regional Forecast, 2020-2032,” 

List of Companies Profiled in the Report:  

• Pepper Snapple Group, Inc. (Texas, U.S.)
• Monster Beverage Corp (California, U.S.)
• PepsiCo, Inc. (New York, U.S.)
• ITO EN Ltd (Tokyo, Japan)
• The Coca-Cola Company (Georgia, U.S.)
• Reed’s, Inc. (Norwalk, U.S.)
• The Kraft Heinz Company (Chicago, U.S.)
• Appalachian Brewing Co. (Harrisburg, U.S.)
• Nestle S.A. (Vevey, Switzerland)
• Arca Continental SAB de CV (Monterrey, Mexico)    

The Report is based on the following factors:

• A 360-degree overview of the market focusing on drivers, restraints, challenges, and upcoming opportunities
• Nature of market and list of key players operating in the market for non-alcoholic beverages
• Detailed list of segmentation with names and figures of leading segments
• Future of the market

Source: https://www.fortunebusinessinsights.com/industry-reports/non-alcoholic-beverages-market-101927

Drivers & Restraints-

Increasing Popularity of Refreshment Drinks to Aid in Favor

The increasing incidence of both acute and chronic health conditions has prompted consumers to embrace healthier lifestyles, which include regular physical activity and the intake of nutritious food and beverages. This growing health consciousness is a key driver behind the expansion of the global non-alcoholic beverages market. Furthermore, the rising demand for refreshing drinks and the continuous launch of innovative flavors are expected to propel market growth in the coming years.

Nevertheless, the industry may encounter challenges such as fluctuating prices of raw materials—especially seasonal fruits—and possible disruptions in supply chains. Despite these hurdles, the growing prominence of e-commerce platforms and the rising production of soft drinks to satisfy consumer demand are set to present significant growth opportunities for the market moving forward.

Segmentation-

Carbonated Soft Drinks Segment Emerged Dominant Owing to its Refreshing Properties

Among all segments in type, the carbonated soft drinks segment earned 39.80% share in 2019 and emerged dominant. This segment is holding the largest non-alcoholic beverages market share on account of its refreshing properties and cost-efficiency.

Regional Analysis-

Asia Pacific Held Largest Shares Attributing to Rising Disposable Income of People

Among all regions, Asia Pacific held the largest non-alcoholic beverages market share in 2019. This is attributable to the increasing modernization and adoption of western habits among people that resulted in rise in expenditure on beverage products. On the other side, the North American market earned USD 199.53 billion and will showcase significant growth in the coming years on account of rising demand for sports drinks and RTD beverages in the region. Besides this, the Europe market will witness a notable growth on account of the decline in consumption of alcoholic beverages and increasing popularity of ‘better-for-you” products, thereby promoting the consumption of healthy soft drinks.

Non-Alcoholic Beverages Market Future Outlook* Growing Health Consciousness: More consumers are focusing on health and wellness. This trend is driving demand for low-calorie and sugar-free options.

• Diverse Product Range: The market is expanding with innovative flavors and formulations. Brands are introducing everything from sparkling waters to herbal teas to meet diverse tastes.

• Sustainability Focus: Eco-friendly packaging is becoming a priority. Many brands are adopting sustainable practices to appeal to environmentally conscious consumers.

Competitive Landscape-

Coca-Cola Company is Dominating Market Attributing to Continuous Innovations

The global non-alcoholic beverages market is dominated by a few major players, including Nestlé S.A., The Coca-Cola Company, and PepsiCo Inc., who collectively hold a significant market share. Among them, The Coca-Cola Company stands out for its continuous innovation in product offerings, such as its VitaminWater range, probiotic drinks, fermented beverages, and ready-to-drink (RTD) solutions. For example, in March 2019, Coca-Cola introduced a Jaljeera-flavored beverage in India, catering to local taste preferences.

Other leading companies are also actively focusing on new and innovative product launches to strengthen their market position. In addition to innovation, many businesses are adopting collaborative strategies—such as partnerships, joint ventures, agreements, and contracts—to expand their market presence and achieve strong revenue growth in the years ahead.

Industry Developments:

December 2019 –  The launch of a greenhouse accelerator program in 2020 was announced in North America by PepsiCo Co. to help smart startup companies provide the base for following up with the current trends in the non-alcoholic beverage segment and earn a position in the market competition.

Market Overview

The global meat substitutes market size was valued at USD 7.24 billion in 2024. The market is projected to grow from USD 7.87 billion in 2025 to USD 16.13 billion by 2032, exhibiting a CAGR of 10.78% during the forecast period. Europe dominated the meat substitutes market with a market share of 42.27% in 2024.

According to the study, plant-based products have become sought-after in minimizing the issues of dependence on livestock production for meat products. Clean meat substitutes will gain further traction with the rising trend of vegan and vegetarian diets. Environment-friendly food products will continue to be sought globally.

Major Players Profiled in the Report:

• Beyond Meat (U.S.)
• Impossible Foods (U.S.)
• Kellogg Company (U.S.)
• Tyson Foods (U.S.)
• JBS SA (Brazil)
• Conagra Brands, Inc. (U.S.)
• Hain Celestial Group (U.S.)
• Unilever Group (U.K.)
• Nestle S.A. (Switzerland)
• Sunfed (New Zealand)

Source: https://www.fortunebusinessinsights.com/industry-reports/meat-substitutes-market-100239

Segments

Soy-based Ingredients to Remain Dominant with Growing Demand from the Vegan Population

Based on the source, the market is categorized into wheat-based ingredients, soy-based ingredients, other grain-based ingredients, and textured vegetable proteins. The soy-based ingredients segment is expected to maintain its dominance, driven by increasing demand among vegan and vegetarian consumers. Additionally, the rising popularity of soy products like tofu and tempeh in North America and Europe is further fueling the adoption of these ingredients.

Mass Merchandiser to Grow with Easy Product Availability

With respect to distribution channel, the market is segmented into other retail channels, mass merchandisers, online retail, specialty stores, and food service. The mass merchandisers segment will exhibit notable growth due to easy availability and prevalence of discounts.

Report Coverage

The report offers a comprehensive analysis of market size, share, revenue, and volume, incorporating both qualitative and quantitative assessments. It includes an in-depth SWOT analysis and examines the market from a holistic perspective. Primary interviews validate key assumptions, findings, and current business scenarios, while secondary sources such as annual reports, press releases, white papers, and journals provide additional insights. Additionally, the report explores pre- and post-COVID-19 impacts for a well-rounded market outlook.

Drivers and Restraints

Advanced Form of Packaging Design to Reinforce Growth Potentials

Both developed and developing countries are showing a growing preference for clean-label products with carbon footprint labeling. In particular, Millennials and Gen Z are driving demand for innovative, eco-friendly packaging solutions. The rising health consciousness among consumers is expected to boost the market for meat substitutes over the forecast period. Additionally, increasing awareness about the health risks associated with red meat, such as cardiovascular disease, diabetes, and cancer, is further encouraging the shift toward plant-based protein options. However, challenges in replicating the color and flavor of meat remain key obstacles that could hinder market growth.

Regional Insights

Europe to Gain Prominence from Soy-based Ingredients

Stakeholders anticipate Europe to witness investments abound with the rising trend for soy-based ingredients and wheat-based ingredients. With a notable shift toward a sustainable trend, plant-based products will be sought across the U.K., France, Germany, and Italy. The growing trend for gluten-free and vegan diets will bode well for regional growth.

The Asia Pacific meat substitutes market growth will be pronounced with rising emphasis on the vegan population. Moreover, consumers have spurred investments in high-quality, nutritious, and protein-rich food products. With the growing focus on sustainability, hotels and restaurants could invest in plant-based products.

North America could contribute notably toward the global market share due to the soaring popularity of vegan meat burgers and sausage. Manufacturers of meat substitutes are likely to inject funds into nutritious, tastier, and high-quality plant-based products. Clean products are expected to gain ground across online channels and will continue to be sought across retail food chains.

Competitive Landscape

Stakeholders Invest in Mergers & Acquisitions to Boost Portfolios

Major companies could invest in product launches, mergers & acquisitions, and technological advancements to bolster their footprint. Besides, an influx of funds into R&D activities will encourage well-established players and new entrants to propel their portfolios.

KEY INDUSTRY DEVELOPMENTS:

April 2024: Nasoya, a pioneer in the plant-based foods revolution, expanded into the new plant-based meat category with the launch of Plantspired Plant-Based Chick'n. The new product is available in two flavors: Bee-Free Honey and Kung-Pao.

February 2024:  Beyond Meat announced plans to launch a newer version of plant-based meat alternative-based burger in retail grocery stores in the U.S.

Market Overview

The global pet supplements market was valued at USD 2.47 billion in 2024 and is projected to grow from USD 2.61 billion in 2025 to USD 3.86 billion by 2032 , registering a CAGR of 5.76% during the forecast period.

In 2024, North America dominated the market, contributing 45.74% of the global revenue.

The market is undergoing a significant shift as consumers increasingly identify as "pet parents" rather than simply pet owners. This emotional connection, combined with a rising awareness of pet health, is fueling demand for high-quality, premium supplements . There's also a growing interest in personalized formulations that cater to specific health needs of pets—an encouraging trend that signals a strong growth trajectory for the industry in the coming years.

List of Major Players Profiled in the Report:

• Mars Incorporated (U.S.)
• Nestle S.A. (Switzerland)
• FoodScience Corporation (U.S.)
• Biostime Pharmaceuticals (Zesty Paws) (China)
• iVet Professional Formulas (U.S.)
• Farmina Pet Foods (Italy)
• Nutramax Laboratories, Inc. (U.S.)
• The Higgins Group Corp. (U.S.)
• Pet Naturals (U.S.)
• Affinity Petcare S.A (Spain)

Source: https://www.fortunebusinessinsights.com/pet-supplements-market-109797

Segments:

The solidified Position of dog segment is owed to the Rising Number of Dog Ownership

By pet type, the market is trifurcated into dogs, cats, and others. Dogs command the highest share of the market, buoyed by increasing ownership rates and continued interest in future adoptions.

Chewable Supplements Lead Market with Their Higher Preference Rate

By form, the market is fragmented into tablets & capsules, chewable, and liquid & powder. The chewable segment gains an edge over other supplement forms owing to its convenience and higher preference.

The hip & Joint Segment Dominates with a Higher Number of Old Pets

By function, the market is classified into skin & coat, hip & joint, digestive health, and others. The escalating number of pets with old age following the hip & joint problems leads to the segment’s top position.

Glucosamine Vanguards with its Proficiency in Protecting Chondrocyte Cells

By supplement, the market is categorized into glucosamine, probiotics & prebiotics, multivitamins, and others. Glucosamine captured the largest share of 38.02% in 2023 and made its mark as a dominant supplement with its ability to protect chondrocyte cells and maintain cartilage structure.

Offline Channel Gains Prominence with Simplified Price Comparisons

By distribution channel, the market is split into online channels and offline channels. The offline distribution channel's easier price comparison and variegated options place the segment at the forefront.

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

Report Coverage
The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market’s growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.

Drivers and Restraints

Millennial and Gen Z Pet Owners Drive Personalized Wellness Trends in the Market

Millennials and Gen Z now make up a substantial share of pet owners worldwide. Their strong preference for personalized wellness solutions , heightened awareness of pet health trends , and greater disposable income are key factors driving the future growth of the pet supplements market .

However, stringent regulations in developed markets are pushing up manufacturing costs, posing a challenge to market expansion and potentially slowing growth in certain regions.

Regional Insights

North America Leads the Market with High Pet Ownership

North America secured USD 1.07 billion in 2024 and holds the maximum pet supplements market share globally. Most of the U.S. population is estimated to own at least one pet, resulting in higher adoption of pet supplements.

Asia Pacific is projected to outpace other regions in terms of growth rate with higher adoption rates from the millennial population.

Competitive Landscape

Industry Titans Forge Ahead with Strategic Initiatives to Cement Market Position

Industry giants solidify their pet supplements market position by prioritizing innovation and expansion strategies such as new product launches and strategic acquisitions. Mars Incorporated's launch of Pedigree multivitamins in March 2023, which exemplifies its commitment to catering to the growing preference for supplements among younger pet owners.

Key Industry Development

December 2023:  EverRoot, a pet supplement brand powered by Purina, announced that it has teamed up with athlete and fitness and wellness advocate Laila Ali to introduce its all-new format of dog supplements called EverRoot Dog Supplements Soft Chews. This new product line will be available across distribution channels, and its personalized dog supplement is said to be designed to cater to a variety of overall health benefits.

Report Overview:

The global pasta market size was valued at USD 71.50 billion in 2024. The market is projected to grow from USD 75.50 billion in 2025 to USD 108.67 billion by 2032, exhibiting a CAGR of 5.34% during the forecast period. Europe dominated the pasta market with a market share of 16.8% in 2024.

Pasta is a largely consumed, easy-to-make, and affordable food product. The increasing and regular evolution of pasta propels the pasta market growth during the forecast period. The rising demand for instant food products, such as pasta and Western food culture adoption, is driving the market growth during the forecast period.

Fortune Business Insights™  mentioned this in a report titled “ Pasta Market, 2025-2032 .”

List of Key Players Present in the Report :

• Barilla G. e R. F.lli S.p.A. (Italy)
• Ebro Foods, S.A. (Spain)
• CAMPBELL SOUP COMPANY (U.S.)
• TreeHouse Foods, Inc. (U.S.)s
• Unilever (U.K.)
• The Kraft Heinz Company (U.S.)
• BORGES INTERNATIONAL GROUP (Spain)
• Nestlé (Switzerland)
• F.lli De Cecco di Filippo S.p.A (Italy)
• Armanino Foods of Distinction (U.S.)

Report Coverage:

The research report presents a comprehensive analysis of the market, emphasizing critical elements such as the competitive landscape, product categories, raw materials, and distribution channels. It also explores emerging market trends and highlights significant industry developments. Furthermore, the report outlines various factors that have driven market growth in recent years.

Source: https://www.fortunebusinessinsights.com/pasta-market-102284

Segments:

Rising Dried Products Consumption to Propel Segment Growth

By product type, the market is segmented into dried, chilled, and canned. The dried segment is expected to dominate the market during the forecast period. The segment's growth is attributed to increasing consumption of dried products globally. The shelf life of dried products is also more than chilled and canned products.

Rising Need for Wheat Products to Boost Segment Growth

Based on raw material, the market is classified into wheat and gluten-free. The wheat segment is estimated to dominate the market during the forecast period due to the increasing need for wheat products globally. The availability of products in different shapes and sizes also drives segment growth during the forecast period.

Growing Accessibility of Products to Drive Segment Growth for Supermarkets/Hypermarkets

By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online stores, and others. The supermarkets/hypermarkets will dominate the market during the forecast period owing to increasing availability and convenience of choosing products from various options.

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

Drivers & Restraints:

Rising Consumer Interest in Western Cuisine to Propel Market Growth

The pasta market is projected to experience growth over the forecast period, fueled by the rising popularity of Western cuisine in Asian countries. The post-pandemic trend of experimenting with diverse and creative recipes is also expected to play a key role in driving demand. Moreover, the increased pasta consumption observed in countries like France, Germany, the U.S., and Italy during the pandemic has further supported the market’s expansion.

Market Trends and Innovations:

The pasta market is constantly evolving, with manufacturers introducing new flavors, shapes, and ingredients to cater to changing consumer preferences. From artisanal pasta made with ancient grains to innovative plant-based options, there is a pasta variety for every palate. In addition, the rise of online shopping has made it easier than ever to access a wide range of pasta products from around the world.

Regional Insights:

Growing Demand for Product to Boost Market Growth in Europe

Europe is estimated to hold the largest pasta market share during the forecast period. The growth is attributed to the increasing product demand in the region. Europe will also be the dominating region due to the launch of new varieties of gluten-free products in various shapes and forms.

Asia Pacific is expected to have the fastest growth rate during the forecast period due to the rising adoption of Western diets in the region.

Competitive Landscape:

Rising New Product Launches to Aid Market Growth

Key players in the market include Ebro Foods, S.A., Barilla G.e.R. F.lli S.p.A., and the Campbell Soup Company. These leading companies are actively launching new products to strengthen their market presence. In response to growing consumer demand for healthier options, many are focusing on developing gluten-free offerings to appeal to health-conscious consumers.

The Future Outlook of the Pasta Market: Trends & Growth

Pasta has been a cornerstone of global cuisine for generations, but what lies ahead for this timeless favourite? As we look toward 2024 and beyond, emerging trends and innovations are beginning to redefine the pasta industry. In this blog post, we’ll dive into the key drivers behind the market’s growth, the increasing popularity of alternative pasta options, and the shifting preferences of today’s consumers.

Current State of the Pasta Market

In recent years, the global pasta market has experienced a significant boom. Valued at approximately USD 73 billion in 2022, it is projected to grow at a CAGR of around 3.5% from 2023 to 2030. The rise in demand for convenient, ready-to-eat meals, the increasing popularity of Italian cuisine, and the growing health-conscious consumer base are all contributing to this growth.

Key Factors Influencing Growth

1. Health Trends : As consumers become more health-conscious, demand for whole grain, gluten-free, and high-protein pasta is rising. Brands are innovating to offer healthier alternatives to traditional pasta, aligning with the wellness trend.
2. Convenience : The busy lifestyles of modern consumers have fueled a growing demand for convenient meal options. Pasta, with products like microwaveable cups and pre-cooked varieties, perfectly meets this need.
3. Sustainability : With a stronger focus on sustainability, many pasta manufacturers are adopting eco-friendly packaging and sourcing ingredients from sustainable farms. This not only attracts environmentally conscious consumers but also helps brands stand out in a competitive market.

Notable Industry Development:

February 2023 –  Nuovo Pasta Production, one of the leading artisan pasta companies, announced the launch of its new plant-based product range, including a ravioli collection and fresh organic pasta products, at the Natural Products Expo West 2023.

Market Overview-

The global vitamins and supplements market was valued at USD 146.14 billion in 2023 and is expected to grow from USD 154.98 billion in 2024 to USD 250.81 billion by 2032, reflecting a CAGR of 6.20% during the forecast period. In the U.S., the market is set for significant expansion, projected to reach USD 27.74 billion by 2032, driven by increasing consumer preference for health-conscious choices amid busy lifestyles and rising demand for various vitamin and supplement products. Asia Pacific led the industry in 2023, holding a dominant market share of 45.78%.

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 :

The global ice cream 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. Moreover, the ice cream market size in the U.S. is projected to grow significantly, reaching 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 the country. Asia Pacific dominated the ice cream market with a market share of 32.82% in 2023.

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 :

Increasing Product Innovation to Drive Market Growth

While traditional ice cream is rich in nutrients, it offers limited health benefits. As a result, market players are increasingly exploring fortification and the inclusion of health-promoting ingredients to position ice cream as a more appealing, nutritious snack. Functional foods offer benefits beyond basic nutrition and may help lower the risk of certain diseases. The growing production and consumption of fortified or functional products are expected to drive the expansion of the ice cream market in the coming years.
However, factors such as limited shelf life and seasonal demand may pose challenges to consistent product consumption. 

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.