Market Size:

The global non-alcoholic spirits market size was valued at USD 336.46 million in 2024. The market is projected to grow from USD 356.38 million in 2025 to USD 624.56 million by 2032, exhibiting a CAGR of 8.35% over the forecast period. Europe dominated the non-alcoholic spirits market with a market share of 44.57% in 2024.

the  non-alcoholic spirits market  has experienced significant growth, driven by changing consumer preferences towards healthier lifestyles and mindful drinking. With more people opting for low or no-alcohol alternatives, the industry has responded with innovative, sophisticated beverages that mimic the taste and experience of traditional spirits, without the alcohol.

List of Key Non-Alcoholic Spirits Companies Profiled:

• Diageo plc (U.K.)
• Lyre’s (U.K.)
• Everleaf (U.K.)
• V9 Beverages Pvt. Ltd. (India)
• Spiritless Inc. (U.S.)
• Wilderton (U.S.)
• THE FREE SPIRITS COMPANY (U.S.)
• SOBRII (Canada)
• Seadrift Distillery Non-Alcoholic Spirits (Australia)
• BARE Zero Proof Spirits Inc. (U.S.)

What Are Non-Alcoholic Spirits?

Non-alcoholic spirits are distilled or crafted beverages designed to replicate the flavors and aromas of traditional spirits like gin, whiskey, rum, and vodka but contain little to no alcohol (typically less than 0.5% ABV). These drinks often use botanicals, spices, and herbs to create complex flavor profiles, making them a popular choice for those who want to enjoy cocktails without the effects of alcohol.

Source: https://www.fortunebusinessinsights.com/non-alcoholic-spirits-market-110283

Report Scope & Segmentation:

Segments Covered: By Product Type (Whiskey, Rum, Gin and Aperitif, Vodka, and Others), By Category (Conventional and Artisanal), By Type (Original and Flavored), By Price (Value, Premium, and Super Premium), By Distribution Channel (On-Trade and Off-Trade {Supermarket/Hypermarket, Convenience Stores, Liquor Stores, Online Retail, and Others})

Regional Scope: North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Key Drivers of Market Growth

Several factors are fueling the expansion of the non-alcoholic spirits market:

1. Health and Wellness Trends  – Consumers are becoming more health-conscious, reducing alcohol intake to improve sleep, mental clarity, and overall well-being.
2. Sober-Curious Movement  – Many people, especially younger generations, are exploring sobriety or moderation, leading to increased demand for alcohol-free alternatives.
3. Improved Product Quality  – Early non-alcoholic options were often criticized for poor taste, but modern brands like  Seedlip, Lyre’s, and Ritual Zero Proof  have elevated the category with premium offerings.
4. Social and Cultural Shifts  – Bars and restaurants now offer dedicated non-alcoholic menus, reducing the stigma around not drinking.

Market Trends and Innovations

• Craft and Artisanal Options  – Small-batch producers are entering the market with unique, high-quality blends.
• Functional Ingredients  – Some brands incorporate adaptogens, vitamins, and nootropics for added health benefits.
• Sustainability  – Eco-conscious packaging and ethically sourced ingredients appeal to environmentally aware consumers.

Challenges in the Industry

Despite its growth, the non-alcoholic spirits market faces hurdles:

• High Prices  – Premium ingredients and complex production processes make these products more expensive than traditional spirits.
• Consumer Perception  – Some still associate non-alcoholic drinks with inferior taste, requiring continued education and sampling opportunities.

Future Outlook

The  global non-alcoholic spirits market  is projected to grow steadily, with increasing investment from major beverage companies and startups alike. As innovation continues and consumer acceptance rises, non-alcoholic spirits are set to become a permanent fixture in bars, retail shelves, and home cocktail setups worldwide.

KEY INDUSTRY DEVELOPMENTS:

October 2024:  Non-alcoholic ‘spirits’ brand Caleño introduced new market rum flavors specifically targeting younger consumers. The new product range includes White Coconut, Mango, and Passion Fruit Rum.

Market Overview:

The global soybean oil market size was USD 51.23 billion in 2023 and is projected to grow from USD 52.86 billion in 2024 to USD 68.42 billion by 2032, exhibiting a CAGR of 3.28% during the forecast period. Asia Pacific dominated the Soybean Oil Market with a market share of 46.52% in 2023.

This information is published by  Fortune Business Insights in its report, titled  “Soybean Oil Market, 2024-2032.”

Our researchers found that the increasing use of soybean oil by food manufacturers and restaurants for making baked and fried foods, as well as for selling in bottles as cooking oil, is boosting the market. In the worldwide market for goods, soybean oil is unique because of its many uses, health benefits, and value. This oil, made from soybeans, has caught the attention of buyers, investors, and scientists because of its wide range of uses and potential for growth. Let's dive into the fascinating world of soybean oil and learn why it's a key subject in farming and finance.

List of Key Players Mentioned in the Report:

• Archer Daniels Midland Company (Illinois, U.S.)
• Associated British Foods, plc (London, U.K.)
• Bunge (Missouri, U.S.)
• Cargill, Inc. (Minnesota, U.S.)
• Louis Dreyfus Company (Rotterdam, Netherlands)
• Wilmar International Limited (Singapore)
• DuPont (Delaware, U.S.)
• Unilever plc (London, U.K.)
• AMAGGI Group (Cuiaba, Brazil)
• SunOpta, Inc. (Brampton, Canada)

Report Coverage:

Our reports are made carefully, focusing on being detailed and accurate. Our researchers check data carefully, helping us give trustworthy reviews and understand market changes well. We have many international and local records, making sure our information is up-to-date. This helps people in business and investors make smart choices.

Segmentation:

On the basis of application, the market is segregated into Cooking & Frying, Margarine & Shortening, Salad Dressings & Mayonnaise, Bakery Products, and Non-Food Applications.

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

The Rise of Soybean Oil

Soybean oil is a popular choice for cooking because it doesn't change the taste, can withstand high heat, and is good for the heart. Lately, more people are choosing it because they want healthier options and more plant-based foods. This has led to more soybean oil being made, used, and traded, making it an important part of the worldwide oils and fats market.

Source: https://www.fortunebusinessinsights.com/soybean-oil-market-106282

Market Dynamics and Trends

The soybean oil market is constantly changing due to things like the weather, government rules, what people like, and deals with other countries. Lately, more people want non-GMO and organic soybean oil because they care about their health and the environment. Also, more people are eating plant-based diets and using soybean oil in many different products, like fuel and makeup, which is helping the market grow and change.

Drivers and Restraints:

Extending Food Usage of Soybean Oil to Foster Market Growth

The oils and fats industry is growing worldwide, mainly because they're used more in making food. Soybean oil is the second most popular vegetable oil globally, used for frying, cooking, and making margarines. It's also becoming more popular in baking, helping the soybean oil market grow. But the industry has some problems. Other oilseeds can be used instead, and people are starting to prefer healthier oils like olive oil, which is reducing soybean oil sales.

Regional Insights:

The soy oil market in Asia Pacific, especially in China and India, has grown rapidly due to increased buying power and affordability. Asia Pacific dominated the market in 2020. North America is also seeing growth, with the U.S. being the top consumer due to its fast-growing food processing industry. South America is growing as well, with Brazil and Argentina leading in production and export.

Competitive Landscape:

Acquisitions and Mergers to Assist Vital Players in the Market

Market leaders use smart plans with help from experts to dominate the market and build a strong brand. They often buy other companies to make more money.

Industry Developments:

• August 2021 –  ADM and Marathon Petroleum Corp announced a joint venture to produce soybean oil to fulfill their rising demand to produce renewable diesel fuel.

Market Overview:

The global cannabidiol (CBD) market size was USD 7.59 billion in 2023 and is projected to grow from USD 11.16 billion in 2024 to USD 202.45 billion in 2032 at a CAGR of 43.66% during the forecast period 2024-2032. North America dominated the cannabidiol market with a market share of 47.04% in 2023. Moreover, the cannabidiol market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 78.74 billion by 2032, driven by rising liberalization in laws related to the use of cannabidiol products and increased consumer acceptance.

List of Companies Profiled in the Global Market:

• Medical Marijuana Inc. (California, U.S.)
• Cannoid, LLC (Colorado, U.S)
• Isodiol International Inc. (Vancouver, Canada)
• ENDOCA (Chicago, U.S.)
• Folium Biosciences (Texas, U.S.)
• Nuleaf Naturals LLC. (Colorado, U.S)
• Pharmahemp d.o.o (Slovenia, Europe)
• Elixinol Global (Sydney, Australia)
• CV Sciences (California, U.S.)
• Medterra CBD (California, U.S.)

Market Segmentation:

The market is segmented based on source into marijuana and hemp . In terms of application, it is divided into food & beverages , pharmaceuticals , pet care , cosmetics , and others . Among these, the pharmaceuticals segment is anticipated to dominate the global cannabidisssol (CBD) market during the forecast period, driven by ongoing efforts to develop innovative medical products across the global pharmaceutical sector. Regionally, the market is classified into North America , Europe , Asia-Pacific , South America , and the Middle East & Africa .

What does the Report Provide?

The global market report offers an in-depth analysis of the key factors driving and challenging market growth. It provides detailed regional insights, illustrating the contributions of various areas to the market’s overall development. The report also examines the competitive landscape, spotlighting strategies such as product launches, partnerships, and collaborations adopted by leading companies to fuel growth. Leveraging analytical tools like PORTER’s Five Forces and PESTEL analysis, it identifies emerging trends and industry developments expected to influence the market from 2024 to 2032. With up-to-date and comprehensive data, the report equips businesses with the essential insights needed to develop effective, data-driven strategies.

Source: https://www.fortunebusinessinsights.com/cannabidiol-cbd-market-103215

DRIVING FACTORS:

Increasing FDA Approvals for CBD Products to Promote Market Growth

Prominent market players are focusing on launching innovative and advanced products to meet the high consumer demand for CBD. The increasing use of CBD in the production of medicines and consumer products is creating lucrative market opportunities. Moreover, growing government approvals for various CBD products are expected to support market growth. Additionally, manufacturers' proactive efforts to incorporate CBD into a wide range of food products are anticipated to drive the growth of the global cannabidiol market during the forecast period.

REGIONAL INSIGHTS

North America –  The region stood at USD 7.59 billion in 2023 and is anticipated to hold the highest position in the market in the forthcoming years. This is attributable to the favourable government policies that enable the commercialization of cannabidiol products in countries such as the U.S. and Canada.

Europe –  The market in the region is anticipated to showcase exponential growth backed by the rising sales of CBD products such as vaping, smoking, and edibles in the region between 2024 and 2032.

Dynamic Growth in Global CBD Oil Market Driven by Medicinal Acceptance, Regulatory Changes, and Innovation Amidst Quality and Competition Challenges

The global cannabidiol (CBD) oil market is experiencing dynamic growth driven by several key factors. One of the primary drivers is the growing acceptance of the medicinal uses of CBD, as more people recognize its potential health benefits, such as managing anxiety and pain, leading consumers to seek natural remedies increasingly. Additionally, changes in laws and regulations around CBD are significantly boosting market growth. As more regions legalize and regulate CBD products, businesses find new opportunities to invest and operate, demonstrating how policy changes are driving the market's expansion. Opportunities for further growth include the potential for CBD products to enter mainstream retail, making them more accessible to a wider audience. This move could expand the market's reach and increase its popularity. Furthermore, ongoing innovation and product diversification, such as developing new formulations and methods of use, present exciting opportunities for market expansion by meeting changing consumer preferences. However, the market faces several challenges. Ensuring high-quality control and accurate labeling is crucial, as poorly labeled or low-quality products can erode consumer trust and harm the market. Additionally, increasing competition among CBD manufacturers and retailers is making it difficult for new companies to establish themselves and gain market share. To succeed in this crowded market, companies need to differentiate themselves and adopt strategic positioning.

Cannabidiol (CBD) Market Trends:

The Cannabidiol (CBD) market is experiencing significant growth, driven by increasing consumer awareness of its potential health benefits, such as pain relief, anxiety reduction, and improved sleep. The global CBD market is projected to expand at a compound annual growth rate (CAGR) of over 43.66% in the coming years, fueled by the legalization of hemp-derived products in regions like North America and Europe.

Key trends include the rise of CBD-infused products in wellness and beauty sectors, with skincare, beverages, and edibles gaining popularity. The demand for full-spectrum and broad-spectrum CBD products is also growing, as consumers seek products with additional cannabinoids and terpenes for enhanced effects.

However, regulatory challenges and varying legal frameworks across regions remain hurdles. Companies are investing in research, quality control, and transparent labeling to build consumer trust. As the market matures, consolidation and partnerships are expected, with larger players entering the space. Overall, the CBD market is poised for sustained growth, driven by innovation and increasing acceptance.

COMPETITIVE LANDSCAPE

Major Companies Focus on Partnerships to Brighten Their Market Prospects

The global CBD market is highly competitive, with leading companies partnering with others to expand their product offerings and increase sales. Major companies are also working to stay relevant by merging with or acquiring other businesses, expanding their facilities, and forming strategic partnerships. These strategies are expected to help the market grow in the coming years.

Industry Development:

February 2024 -   Jublee CBD, a global company that produces personal care products, introduced several CBD skincare lines, including body butters and bath salts.

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 India biofertilizers market size was USD 99.59 million in 2021. The market is expected to grow from USD 110.07 million in 2022 to USD 243.61 million by 2029, exhibiting a CAGR of 12.02% during the forecast period. The impact of COVID-19 pandemic has been unprecedented and staggering, with biofertilizers experiencing lower-than-anticipated demand across India compared with pre-pandemic levels.  Based on our analysis, the market exhibited a growth of 7.66% in 2020 as compared to 2019.

List of Key Market Players:

• UPL Limited (Mumbai, India)
• Novozyme (Bagsvared, Denmark)
• Gujarat State Fertilizers & Chemical Ltd. (Gujarat, India)
• Rallis India Limited (Mumbai, India)
• FMC Corporation (Pennsylvania, U.S.)
• National Fertilizers Limited (Noida, India)
• Indian Farmers Fertilizer Cooperative Limited (New Delhi, India)
• Madras Fertilizers Limited (Chennai, India)
• Stanes and Company Limited (Tamil Nadu, India)
• Agrinos (California, U.S.)

Segments

Type, Microorganism, Application, and Crop Type are Studied

Based on type, the market is segmented into phosphate solubilizers, nitrogen-fixing, and others. Based on microorganisms, the market is fragmented into VAM, Bacillus, Pseudomonas, Azospirillum, Azotobacter, Rhizobium, and others. Based on application, the market is divided into soil treatment, seed treatment, and others. Based on crop type, the market is classified into fruits & vegetables, pulses & oilseeds, cereals, and others.

Source: https://www.fortunebusinessinsights.com/india-biofertilizers-market-106527

Report Coverage

• It assesses various restraints and drivers of the market’s growth.
• It provides a detailed analysis of critical market segments such as type, microorganism, application, and crop type.
• It features an analysis of the COVID-19 pandemic’s effect on the market.
• It incorporates SWOT Analysis and Porter's Five Forces Analysis for accurate prediction.
• It includes the latest industry developments.

Drivers & Restraints

Growing Awareness for Chemical Agri-inputs’ Side Effects to Fuel Market Growth

The soaring food demand due to the exponentially increasing Indian populace is anticipated to be a key factor boosting the India biofertilizers market growth. The growing awareness of the harmful effects of agricultural chemical inputs such as chemical fertilizers fuels the product adoption. This is expected to aid the market growth.

Moreover, the use of chemical agri-inputs increases soil and water contamination. This is likely to boost the adoption of modern techniques and technological advancements and stimulate market growth in the forthcoming years.

Lastly, the growing demand for sustainable agri-inputs is expected to aid the market growth. The increasing demand for clean, organic food is likely to fuel sustainable organic farming, and thus increase the demand for sustainable agri-inputs. Biofertilizers improve soil’s chemical and physical properties and also address climatic change issues. They are best suited for sustainable agriculture, which will complement the market growth.

However, a few financial, infrastructural, and technological constraints may impede the market growth.

Regional Insights

Increasing Government Efforts to Aid Market Growth

The farmers in India are increasingly adopting lucrative, credible, and cost-effective production methods and inputs for agricultural commodities. Adopting a sustainable and effective alternative to toxic chemical-based fertilizers is expanding India's biofertilizers market share. The increasing state and central government’s efforts to boost product usage aid the market growth. Moreover, the growing adoption of organic farming, coupled with the ever-increasing population, stimulates market growth. Additionally, the growing brand promotion and increasing new product launches by key market players are anticipated to fuel the market growth.

Competitive Landscape

Key Players Launch New Products to Amplify Their Market Presence

The market is fairly fragmented and comprises several key players dominating the marketplace. A huge client base, robust distribution networks, and exemplary brand loyalty help the market players in the market. They adopt inorganic and organic strategies such as collaborations with the government and relevant stakeholders to expand their market presence. They also emphasize new product launches and technological developments among other strategies to amplify their penetration in the market. For instance, a new eco-friendly liquid biofertilizer was introduced by Bihar Agricultural University’s scientists in June 2020. The new liquid biofertilizers can improve crop yield by more than 20%.

Industry Development

In March 2022, the Mosaic Company and BioConsortia, Inc. entered into a new agreement to develop and launch nitrogen-fixing microbial products in China, India, Thailand, and Vietnam.

Market Overview:

The global omega-3 fatty acids market size is expected to reach USD 2.24 billion by 2028, exhibiting a CAGR of 4.80% during the forecast period. The increasing awareness about the health benefits of polyunsaturated fatty acids (PUFA) can have tremendous impact on the omega-3 fatty acids market growth during the forecast period, states Fortune Business Insights in a report titled “ Omega-3 Fatty Acids Market, 2021 – 2028.”  The market size stood at USD 1.54 billion in 2020 and USD 1.62 billion in 2021.

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

Continuous technical advancements that improve the delivery and absorption of fatty acids in the body are fueling the market's expansion. Attributed to its bioavailability and variable absorption rate, the manufacture of lipid-based supplements remains a difficult task. Several studies have suggested that many factors might affect the body's ability to absorb omega fatty acids. The market's major companies are pouring money into research & development to create technologies that will boost omega-3 bioavailability in the body. Pharmako Biotechnologies, for example, released a novel AquaCelle self-emulsifying medication delivery system in October 2019.

Furthermore, processing techniques that allow omega-3 to be extracted from new sources will increase demand for the product. Furthermore, attempts to enhance the organoleptic qualities of fatty acids isolated from marine sources are projected to support market expansion in the future years.

However, processing related challenges and organoleptic properties may hinder market 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 omega-3 fatty acids market size is expected to reach USD 2.24 billion by 2028, exhibiting a CAGR of 4.80% during the forecast period. The increasing awareness about the health benefits of polyunsaturated fatty acids (PUFA) can have tremendous impact on the omega-3 fatty acids market growth during the forecast period, states Fortune Business Insights in a report titled “ Omega-3 Fatty Acids Market, 2021 – 2028.”  The market size stood at USD 1.54 billion in 2020 and USD 1.62 billion in 2021.

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

Continuous technical advancements that improve the delivery and absorption of fatty acids in the body are fueling the market's expansion. Attributed to its bioavailability and variable absorption rate, the manufacture of lipid-based supplements remains a difficult task. Several studies have suggested that many factors might affect the body's ability to absorb omega fatty acids. The market's major companies are pouring money into research & development to create technologies that will boost omega-3 bioavailability in the body. Pharmako Biotechnologies, for example, released a novel AquaCelle self-emulsifying medication delivery system in October 2019.

Furthermore, processing techniques that allow omega-3 to be extracted from new sources will increase demand for the product. Furthermore, attempts to enhance the organoleptic qualities of fatty acids isolated from marine sources are projected to support market expansion in the future years.

However, processing related challenges and organoleptic properties may hinder market 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.

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.