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 fresh vegetables market size was valued at USD 714.25 billion in 2023. The market is projected to grow from USD 731.18 billion in 2024 to USD 921.09 billion by 2032, exhibiting a CAGR of 2.93% during the forecast period. Asia Pacific dominated the fresh vegetables market with a market share of 63.9% in 2023.

Fresh vegetables are perishable, which has increased the demand for an efficient supply chain management to ensure that the highest quality of produce reaches the customers and there is no waste. The demand for these vegetables might fluctuate based on various factors, such as customers’ preferences, economic conditions, and urbanization in various countries. Customers’ increasing inclination toward healthier foods will bolster the demand for fresh vegetables.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Dole Plc. (Ireland)
• Fresh Del Monte Produce Inc. (U.S.)
• H. Robinson Worldwide, Inc. (U.S.)
• Binder International GmbH & Co. KG (Germany)
• Keelings (Ireland)
• Wang Zeng International Limited (U.K.)
• Mirak Group (UAE)
• Favco (Australia)
• Vegpro International Inc. (Canada)
• Mazzoni S.p.A. (Italy)

Segmentation:

Increasing Preference for Vegan Diet to Help Others Segment Dominate Market

Based on type, the market has been divided into onions, potatoes, tomatoes, cucumber, cabbage, eggplant, and others. The others segment includes carrots, broccoli, mushrooms, corn, garlic, asparagus, and green beans. The others segment is predicted to dominate the market due to the increasing preference for vegan diet among individuals to lead a healthier life.

Household Segment to Dominate Market Owing to Rising Global Population

Based on end use, the market has been segregated into household and commercial. The household segment is anticipated to dominate the global fresh vegetables market share due to the growing global population. This factor will increase the demand for healthy foods, which will positively impact the sales of fresh vegetables.

Availability of Wide Array of Products to Boost Customer Footfall in Offline Stores

Based on distribution channel, the market is segmented into online and offline. The offline segment might hold the biggest market share during the forecast period as offline stores offer a wide range of fresh vegetables that customers can choose from. Moreover, they can personally inspect the quality of the products before purchasing them, further strengthening the segment’s growth.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/fresh-vegetables-market-110977

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as popular types, distribution channels, end uses, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Increasing Demand for Organic & Healthy Foods to Augment Market Growth

A growing number of individuals are becoming conscious about their health and wellbeing, which has resulted in an increased demand for organic and healthy foods, such as fresh vegetables. People are becoming aware of the role a healthy and well-balanced diet plays in improving them from a wide range of chronic diseases, such as heart ailments, diabetes, and cancer. This factor is expected to increase the consumption of fresh vegetables.

However, several farmers can find it difficult to obtain the organic grower certification from relevant authorities, which can adversely impact the fresh vegetables market growth.

Regional Insights:

Asia Pacific Dominated Global Market Owing to Large-Scale Production of Fresh Vegetables

Asia Pacific held the largest global market share in 2023 as the region is known for its large-scale production of fresh vegetables. Countries, such as India and China are the world’s leading producers and exporters of vegetables. As per the Ministry of China, the country produced an astounding 680 million metric tons of vegetables in 2022. These factors are expected to help the region dominate the global market.

North America is also anticipated to show healthy growth due to the increasing adoption of vegan diet in countries, such as the U.S. and Canada.

Competitive Landscape:

Leading Market Players to Focus On Partnerships and Acquisitions to Remain Competitive

Some of the top companies operating in the market are announcing partnerships, acquisitions, and mergers & acquisitions to expand the capacity of producing fresh vegetables. They are also using these strategies to launch new and exotic varieties of vegetables. These business decisions will help them expand their current customer base.

Notable Industry Development:

April 2024 –  Gopuff, an American retail company, announced its partnership with Misfits Market, an online grocery delivery platform. Through this collaboration, the companies plan to introduce over 300 fresh grocery items across the U.S., including fruits, vegetables, dairy, and poultry to the customer’s doorstep in 15 minutes.

Market Overview :

The global green coffee market was valued at USD 38.37 billion in 2023. It is expected to grow from USD 39.97 billion in 2024 to USD 56.14 billion by 2032, with a projected CAGR of 4.34% during the forecast period (2024-2032). The U.S. green coffee market is anticipated to expand significantly, reaching an estimated USD 10.99 billion by 2032, driven by increasing consumer awareness of its health benefits. Europe led the market in 2023, holding a 33.39% share.

The market is gaining momentum from rising consumer awareness of the product's various health benefits. It is also becoming popular in nutraceutical products and dietary supplements. Fortune Business Insights presents this information in its report, “Green Coffee Market, 2024-2032."   

Over the past few years, green coffee has become highly popular worldwide. The growing demand is driven by consumers' increasing interest in functional foods and beverages, as well as plant-based dietary supplements. Specialty coffee varieties, including green coffee beans, draw a significant global consumer base. As disposable incomes rise, consumers are more willing to spend on premium-quality food and beverage products. These trends are expected to support market growth in the coming years.

List of Key Players Profiled in the Report:

• The Hamburg Coffee Company (Germany)
• Neumann Kaffee Gruppe (Germany)
• Merchants of Green Coffee (U.S.)
• Belco S.A. (France)
• Starbucks Corporation (U.S.)
• Nordic Approach S.A. (Norway)
• Golden Bean Trade (Brazil)
• Atlantica Coffee (Brazil)
• Group MAGNUS The Green Coffee Brazil (Brazil)
• WS Cafe (Vietnam)

Segments:

Based on type, the market is bifurcated into Arabica and Robusta.

On the basis of end product, the market is divided into roasted coffee, green coffee bean extract, and instant/soluble coffee.

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

Source: https://www.fortunebusinessinsights.com/green-coffee-market-106635

Report Coverage-

The report offers:

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

Market Trends and Growth

The global green coffee market is experiencing steady growth, as more consumers choose organic and sustainable products. This growth is fueled by the rising demand for natural ingredients, the growing clean eating trend, and increasing awareness of the health benefits of green coffee.

Expanding Market Reach

The green coffee market has expanded beyond health food stores and specialty coffee shops. With the growth of e-commerce platforms and online retailers, green coffee products are now accessible to a broader audience. This increased market reach is anticipated to boost sales and revenue for green coffee producers in the coming years.

Health Benefits of Green Coffee:

Green coffee is abundant in antioxidants, especially chlorogenic acid, which is associated with various health benefits. Some potential benefits of consuming green coffee include:

• Weight Management: Chlorogenic acid in green coffee may boost metabolism and aid in weight loss.
• Improved Heart Health: Research indicates that green coffee may help lower blood pressure and reduce the risk of heart disease.
• Antioxidant Properties: Green coffee is a rich source of antioxidants that can protect the body against oxidative stress and inflammation.

Drivers & Restraints :

Growing Use in Nutraceuticals & Dietary Supplements to Boost Market Growth

The growth of the green coffee market is primarily driven by increasing consumer awareness of its various health benefits. Green coffee beans are rich in chlorogenic acid, a readily absorbable antioxidant, which has significantly boosted the product's popularity. Studies have shown that green coffee can aid in weight loss, making it popular among obese and overweight individuals.

Due to these health benefits, green coffee is increasingly used in nutraceutical products and dietary supplements. A growing focus on health and immunity is expected to further propel the market during the forecast period. However, price volatility of green coffee beans may somewhat hinder market growth.

Regional Insights :

Europe is expected to lead the global green coffee market share during 2021-2028. The region is witnessing a notable uptick in product adoption for further processing in instant coffee and roasted coffee products. Specialty coffee products are gaining popularity among health-conscious consumers across Germany, Spain, and Italy.

North America will witness growth owing to the thriving nutraceutical sector. The region is witnessing heavy usage of nutraceutical products and dietary supplements. Rise of the fitness sector and presence of major players such as Starbucks will drive the regional market forward.

Meanwhile, the market in the Asia Pacific will record notable growth during the analysis period due to rising disposable incomes of consumers and increased spending on premium-quality coffee products.

Green Coffee Market Future Outlook

• Growing Demand for Specialty Coffee: More consumers are seeking specialty coffee options. This trend boosts the green coffee market as buyers look for unique flavors and origins.

• Health Consciousness: Green coffee is often marketed for its health benefits. Its high antioxidant content appeals to health-focused consumers, driving sales in this segment.

• Sustainable Practices: There is an increasing focus on sustainability. Consumers are favoring ethically sourced green coffee, which encourages farmers to adopt eco-friendly practices.

Competitive Landscape

Industry Development:  

June 2021: Neumann Kaffee Groupe partnered with Advanced Coffee Equity to conduct a quality control-focused training to capitalize on the growing green coffee trend in the U.S.

Market Size:

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

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

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

List of Top Feed Premix Companies

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

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

Report Coverage:

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

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

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

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

Provimi Jordan Develops Technologically Advanced Animal Nutrition Premix Plant

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

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

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

INDUSTRY DEVELOPMENTS

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

Market Overview

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

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

list of Top Chocolate Confectionery Companies:

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

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

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

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

Market Restraints

Shrinking Sales amid COVID-19 Pandemic to Stall Market Growth

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

Regional Insights

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

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

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

Competitive Landscape

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

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

Industry Developments:

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

Market Overview:

The global 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 increase consumer acceptance.

According to a report titled "Cannabidiol (CBD) Market, 2024-2032" by Fortune Business Insights, the CBD market was valued at USD 7.59 billion in 2023. The report highlights factors driving market growth, such as the increasing number of product approvals by the FDA and other regulatory bodies, as well as the rising demand for CBD among health and fitness enthusiasts. For example, a 2018 report by the Harvard Health Institute indicates that CBD is widely used to alleviate health issues like anxiety and insomnia.

List of the 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 cannabidiol (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 increasingly seek natural remedies. 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 enhance the market's reach and 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 taheir product offerings and increase sales. Major companies are also working to stay relevant by merging with or acquiring other businesses, expanding their facilities, and collaborating. 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 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 was valued at USD 3.07 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.03%, reaching USD 5.51 billion by 2032. The market is projected to rise from USD 3.20 billion in 2024. Europe led the global gelatin market in 2023, accounting for a dominant 41.04% share. In the U.S., the gelatin market is also anticipated to see strong growth, with its value estimated to reach USD 602.32 million by 2032. This growth is largely driven by increasing consumer demand for natural and clean-label ingredients across industries such as food and beverages, cosmetics, and more.

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 Report

• 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.