Market Overview

Non-dairy frozen desserts are desserts made from plant based milk or lactose & casein free milk.  Different food safety organizations in different regions has specified particular guidelines related to processing, ingredient content, food safety, freezing, and packaging which plays key role in Non-dairy frozen desserts market. Innovation in product development and improving formulation of Non-dairy frozen desserts is likely to boast the market growth during forecast period.

Competitive Analysis

The major key players in Non-Dairy Frozen Desserts Market Size are Hain Celestial   (U.S.), Cool Delight Desserts Ltd (U.K.), Daiya Foods Inc. (Canada), Arla Foods (Denmark), Sunopta Inc. (Canada), Archer Daniels Midland Company (U.S.) and Unilever (U.K.)

The demand for non-dairy frozen desserts has pushed manufacturers to innovate and develop new product line which are better in taste and offers various health benefits.

Market Forecast

Introduction of new innovative products with inclusion of healthy ingredients are supporting the growth of this market. Global Non-dairy frozen desserts market is mainly driven by urbanization, changing consumption pattern and rising demand for convenience food. Rise in disposable income and consumer preferences for ‘on-the-go’ foods is driving the sales of enriched, sugar free and low calories non-dairy frozen dessert. Moreover vegan diet trend due to various health issue & ethical factors will play a key role to grow Non-dairy frozen desserts market at CAGR of 6% during forecast period.

Downstream Market Analysis

Globalization and urbanization are major driving force for this market, furthermore popularity of dairy free and sugar free non-dairy frozen desserts are also encouraging the growth of the market. Non-dairy frozen desserts market is hugely influenced by food safety organizations which strictly monitors ingredient labelling, manufacturing process and packaging of non-dairy frozen desserts which is changing the dynamics of the market. Non-dairy frozen dessert products such as frozen yogurt will be highest growing segment and vegan ice cream will dominate the market during the forecast period. The demand for products made from coconut milk & almond milk are estimated to be key driving force during the review period. Moreover, non-dairy desserts are mainly bought from supermarket and convenience store however busy lifestyle of people is supporting the sales of these products through online store which will change the future of overall retail network of non-dairy frozen desserts.

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Regional Analysis

Global Non-Dairy Frozen Desserts Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this North America region has major market share followed by Asia Pacific and Europe. Increasing number of consumers suffering from lactose intolerant and rising disposable income in Asia Pacific region is driving the demand for non-dairy frozen desserts in that particular region. Rising number of health cognizant and the growing demand for vegan on-the-go products especially in China and India will be the crucial factor underlining the market growth.

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Market Synopsis

The changes in food pattern have led to a drastic increase in demand for non-dairy products. It is likely to gain more traction in the years to come. Market Research Future (MRFR)’s detailed assessment concludes that the global non-dairy cheese market is anticipated to expand at a moderate pace through the forecast period 2017 to 2023. Non-dairy cheese is made of plant-based sources such as rice milk, almond milk, soy milk, and coconut milk. The ongoing trend of veganism in the food & beverage industry is expected to propel the expansion of the market over the next couple of years. Urbanization, globalization, and changes in lifestyle are poised to support the trend in the upcoming years, thus, augmenting the non-dairy cheese market.

Rising awareness about lactose intolerance and increasing population of lactose intolerant consumers has motivated the leaders of the food industry to introduce plant-based products. Lactose intolerance can lead to health issues such as abdominal bloating, skin problems, diarrhea, sleep disturbances, etc. which is anticipated to generate more demand for non-dairy products in the nearby future. The trend is anticipated to gain more popularity over the next couple of years. This, in turn, is projected to favor the proliferation of the non-dairy cheese market across the assessment period. Also, the availability of non-dairy products is encouraging a considerable fraction of the population to shift towards it. The change in consumer behavior pattern is supported by rising animal rights activism. Thus, the non-dairy cheese market is expected to propel remarkable between 2017 and 2023.

Competitive Dashboard

The important players participating in the competitive landscape of the Non-Dairy Cheese Market Size are Galaxy Nutritional Foods, Inc. (U.S.), Daiya Foods Inc. (Canada), Violife Foods (Greece), Tofutti Brands Inc. (U.S.), Kite Hill Cheese (U.S.),Bute Island Foods Ltd (U.K.), and Follow Your Heart (U.S.).

Industry News

In May 2019, high street retailer Marks & Spencer has added vegan products to its portfolio which includes mozzarella sticks, mac & cheese bites, churro, and plant-based sausage rolls.

In April 2019, vegan food company, One Planet Pizza, has launched its range of frozen pizzas for the U.K. market.

In April 2019, Walmart Inc., an American multinational retail corporation, has added vegan cheese slices available in smoked Gouda, cheddar, and Swiss to its deli cases across Canada. The cheese is made by Nafsika’s Garden.

In April 2019, fast food chain White Castle has revealed its plan of finding the “perfect vegan cheese” for its meatless burger.

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Market Segmentation

By source, the global non-dairy cheese market has been segmented into soy milk, almond milk, coconut milk, rice milk, and others.

By application, the non-dairy cheese market is segmented into fast food snack, dips & sauces, bakery & confectionery and others.

By product type, the global non-dairy cheese market is segmented into mozzarella, parmesan, cheddar, cream cheese, and others.

By distribution channel, the non-dairy cheese market is segmented into store based and non-store based.

Regional Analysis

The global non-dairy cheese market, by region, has been segmented into North America, Europe, Asia Pacific and the Rest of the world (RoW). Europe is forecasted to exercise dominance over the market during the projection period. Urbanization in conjunction with the explosion of the middle-income population is poised to expedite the growth pace of the non-dairy market in the region. Also, the growing trend of veganism is expected to influence the expansion of the market positively over the next couple of years. North America is likely to exhibit a similar pattern and grow significantly through the assessment period. The regional market is anticipated to strike a CAGR of 7.79% over the review period.

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Market Overview

Global Herbal Extracts Market valuation is estimated to reach a valuation USD 13.96 billion by 2023 at a CAGR of 7.52% over the assessment period.

A growing trend has been recognized in the past years regarding the adoption of natural and organic sources for medicine. This has encouraged the rising demand for herbal medicines since they cause little to no side-effects. Moreover, herbal extracts are slowly entering into the Food & Beverage industry and gaining more acceptance among consumers due to its offered benefits. With a growing healthy lifestyle, consumers are shifting to herbal extracts in food and beverages since they contribute towards a healthier lifestyle. Skincare products are also expected to play an essential role in the growth of the herbal extracts market. Moreover, high expenditure capacity due to a rising per capita income is also fuelling the demand for herbal extracts market over the review period.

However, organic and   naturally processed items have higher costs since their production involves complicated measures. Owing to the complexity and the potential these extracts hold, more investments for research and development activities are required, thus creating slowing down the growth of the market in the process. Moreover, governments across the globe have stringent policies towards the market availability of such products, which makes the products the production cost. All of these factors are expected to hamper the market growth of herbal extracts over the review period.

Key Players

the major players identified in the Global Herbal Extract Market Size are Döhler GmbH (Germany), Herbal Extraction Group, Inc. (China), Jiaherb, Inc. (China), Kalsec Inc. (U.S.), Martin Bauer GmbH & Co. KG (Germany), Mountain Rose Herbs (U.S.), Organic Herb Inc. (China), Starwest Botanicals (U.S.), Synthite Industries Ltd. (China), Vidya Herbs (India), and others.

Segment Analysis

Global Herbal Extract Market is segmented based on form and application.

The forms of herbal extracts available in the market are liquid and dry. The larger market share is acquired by a dry herbal extract form and is expected to reach USD 10.5 billion at a 7.65% CAGR by the end of the review period. Additionally, the liquid market is anticipated to reach USD 3.45 billion by 2023.

The applications of herbal extracts include food & beverages, cosmetics & personal care, pharmaceuticals, and others. The pharmaceutical segment accounts for the dominant market share and is expected to reach 5.38 billion by the end of the evaluation period. However, the fastest growing market segment is cosmetics & personal care, which is likely to register a CAGR of around 7.84% during the review period.

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Regional Analysis

Based on the region, the global herbal extract market is segmented   into Asia Pacific, Europe, North America, and the Rest of the World (RoW).

North America accounts for the biggest market share and is expected to retain its dominant market standing over the forecast period. The region is anticipated to reach 4.7 billion by the end of the forecast period at 2023 at a 7.97% CAGR. The U.S. accounts for the bulk of the market share to be acquired in this region.

Europe stands as the second-largest region in the global herbal extracts market following North America. Europe is expected to acquire USD 4.30 billion at a CAGR of 7.61% during the forecast period, owing to the economic expansion, and stable industrial growth.

The Asia Pacific region is assessed as the   fastest-growing region in the global herbal extracts market and is likely to grow at CAGR of 8% during the review period and reach 3.9 billion by 2023. Emerging economies in this region like China and India are estimated to be the major contributors to the market share t be acquired in this region over the review period.

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Market Overview

Growing demand of caviar derived mostly from specialty stores and restaurants is upholding the market growth worldwide. A report on global caviar market research by Market Research Future (MRFR) forecasted that by 2022 the global caviar market will project an exceptional CAGR over the forecast period.

Caviar is mostly obtained from Sturgeon fish caught in the Caspian Sea and it is considered extremely costly, but after the fall and collapse of the Soviet Empire, the stocks came perilously close to extinction owing to uncontrolled fishing of local fishermen just to survive. Recently, the prices of caviar have gone even higher and is likely to remain growing in the upcoming years. Russian Beluga caviar is considered as the most prized caviar over other caviar varieties available in the market. Large caviar farms across the globe are found in Israel, Italy, the US, Uruguay, and France.

Vegan caviar is the vegan-friendly and vegetarian substitute which is made from an exclusive formula of seaweed which is available in large quantities in oceans. Vegan caviar is gaining popularity among health-conscious individuals as it is low in cholesterol and calories, but it is high in calcium. The making of vegan caviar does not appear to be harmful for fish stocks and it is also not reliant on the fishing sector. These factors are playing the major role to improve the global vegan caviar market.

Key Players

Global Caviar Market Size is hugely dominated by key players like The Caviar Co. (U.S.). The Caviar Company is a curated and sister-owned tattler of the finest workable caviar available in the market. With the help of sustainable sturgeon and aquaculture farming methods, they are able to avoid affecting the wild sturgeon species so that it may endure to flourish and grow as it did once earlier. By the application of these methods, they feel that they can effectively contribute to encouraging sustainable farming practices as well as edify others on aquaculture. Apart from The Caviar Co., the global caviar market is ruled by other players such as DELICATESSEN SNAILEX S.R.O. (Czech Republic), SEPEHR Dad Caviar GMBH (Germany), VODNY MIR (Ukraine), CAVIAR BLANC (Portugal), LABEYRIE (France), and AMANGUL TULBERGEN (Istanbul).

Market Segmentation

Global Caviar Market has been segmented into delivery form, type, distribution channel, region, and end use.

Based on delivery form, the global caviar market has been segmented into Preserved, Fresh, Dried, Frozen, Cooked and Others.

Based on type, the global caviar market has been segmented into Non-Vegan (Osetra, Beluga, Kaluga, Sevruga, Sushi, Salmon, and Others) and Vegan (Seaweed).

Based on distribution channel, the global caviar market has been segmented into Specialty Shops, Wine Stores, Supermarket, E-commerce, and others

Based on region, the global caviar market has been segmented into Europe, Asia Pacific, North America, and ROW.

Based on end use, the global caviar market has been segmented into household, restaurant, and others

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Regional Analysis

Europe region holds the key market share followed by North America and APAC. Iran and Russia together rule the caviar export market majorly owing to growth in collecting the eggs from beluga sturgeon in the Caspian Sea. However, of late, overfishing of beluga landed them on the endangered species list, and as supply reduced, other countries, including Israel, China, and Japan have started to fill the gap and developed as key caviar exporters. Enhanced economic condition of the customer and growth of distribution channel has surged the market growth in the Asia pacific region.  Available options in Europe is creating new opportunities for caviar suppliers in the region. The major nations exporting caviar include U.S., China, France, Germany, and Italy.

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Market Overview

Global Cassava Market is projected to register a growth rate of 3.2% from 2019 to 2024 to reach a market value of USD 4.5 billion by the end of 2024. Cassava has a pleasant taste, which makes its suitable ingredient for various F&B products. Being a gluten-free product it finds application in health-centric food items.  It is increasingly used in manufacturing animal feed, gluten-free flour, confectionary products, etc. Moreover, it is frequently used as a substitute for sucrose in beverages. Several health benefits associated with the product make it an extremely marketable product.

Application potential of cassava remains high in various industry vertical including F&B and cleansers. Cassava can help in bringing down cholesterol level, it has high fiber content, and is rich in calcium, iron and manganese. Factor as such makes it a sought-after ingredient. The neutral taste of cassava allows its use in a vast range of food products without changing their flavour. Cassava is penetrating markets across the globe partly due to increased awareness among consumers about the product. At the same time, more and more consumers are inclining towards organic cassava, which is becoming as important segment for suppliers.

Competitive Analysis

Cargill (U.S.), Tate & Lyle (U.K.), Grain Millers, Inc. (U.S.), American Key Food Products LLC (U.S.), Venus Starch Suppliers (India), Parchem fine & specialty chemicals (U.S) and Ingredion Inc. (U.S.) are some of the prominent companies operating in the Global Cassava Market.

Segment Overview

MRFR’s study includes a thorough segmental analysis of the Global Cassava Market Size on the basis of form, application and product type.

Based on form, the market has been segmented into flour, pellets, animal feed, pearls, chips and others. Of these, chips, pearls, pellets segment are expected to present relatively higher market values during the forecast period. These cassava forms have broad ranges of application and easier to synthesize.

Based on application, the market has been segmented into animal feed, food and beverage and others. The food and beverage (F&B) segment remains highly attractive in terms of revenue. Cassava is used in various types of F&B products, which characterises the segment’s important status. Cassava has high carbohydrate content and is used in producing gluten-free flour. Apart from F&B, the product is also witnessing growth in laundry industry due to high starch content.

Based on product type, the market has been segmented into organic and conventional. In terms of value, the conventional cassava segment accounts for a relatively higher share. The is primarily owing higher production of conventional cassava. The organic cassava segment is expected to witness a healthy growth during the forecast period. Rising level of health-consciousness among consumers is driving the demand for organic variants of food products.

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Regional Segmentation

Based on region, the global cassava market has been segmented into Asia Pacific (APAC), Europe, North America and rest of the world (RoW). Spain, Vietnam, Thailand, China and the U.S. are among the top importers of cassava. Asia Pacific has emerged as the largest market for cassava. The product is extremely popular in countries such as Indonesia, Thailand and China among others. APAC is followed by North America. The cassava market in North America is growing at a rapid pace. Growing popularity of gluten-free carbohydrate food products among consumers is reflecting favourably on the region’s market.

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Market Overview

A baking mix is a known to be a pre-mixed formulation ingredients, one which is widely used for baking cakes, pancakes, biscuits, and cookies. Alongside being convenient to use, baking mixes also helps reduce the preparation times, thereby catering to the needs of working couples. This is in a way driving the market growth. Moreover, health-conscious consumers are showing increasing inclination towards clean label and organic products, thus the demand for organic baking mixes in recent years have grown at an impressive rate.

Additionally, booming growth of the organized retailing system and e-commerce industry has made the product easily accessible for the consumers. Rising health awareness regarding celiac disease has boosted the demand for free-from products across the globe such as gluten free baking mixes. Evolving consumption patterns and rapid-paced globalization are most likely to enhance the market growth at a striking pace. Also, sound promotional strategy and product launches in various different flavors are expected to continue supporting the market in coming years.

Attractive designs of packaging and customization of product as per the needs of the consumers offer huge opportunities to the players to ensure market expansion. Increasing rate of urbanization and growth in the overall female workforce are some of the other key factors aiding the market growth. The product is usually priced at a reasonable slab, however, consumers are not shying away from purchasing even premium priced products. Consumers are showing increasing interest in understanding what goes into their product and are more interested in buying quality products. Thus, an increase in the demand for premium range baking mix items has been reported in recent years.

Competitive Landscape

Global Baking Mixes Market Size comprises a host of key players. This includes names like Hain Celestial Group, Inc. (US), Conagra Brands, Inc. (US), General Mills, Inc. (US), Chelsea Milling Company (US), Associated British Foods Plc (UK), Continental Mills, Inc. (US), Simple Mills. (US), Bob’s Red Mill Natural Foods, Inc. (US), Dr. Oetker (Germany), Stonewall Kitchen (US), Mondelez International (US), Keto and Company (US), Pioneer Brand (US), Miss Jones Baking Co. (US), and Foodstirs, Inc. (US).

Market Segmentation

Global Baking Mixes Market has been segmented in terms of type, distribution channel, and category.

By type, the market includes pastry & muffin mixes, cookie & biscuit mixes, cake, bread mixes, others.

By category, the market segments into gluten-free and conventional.

By distribution channel, the market branches into store-based and non-store-based channels. The store-based segment is narrowed down into convenience stores, supermarkets and hypermarkets, and others. 

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Regional Analysis

Global Baking Mixes Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

Europe is anticipated to dominate the baking mixes market over the forecast period. Countries like the UK, Germany, and France are expected to be the major contributors to the growth of the regional market. Increasing demand for convenience bakery food items among the working population base is primarily driving the growth of the regional market.

North America is also slated to enjoy a major share of the global baking mixes market. The US is touted to be the leading contributor to the growth of the North American regional market. However, Asia-Pacific stands out with the potential to exhibit the highest CAGR over the forecast period. Herein, developing nations such as India and China are some of the largest contributors to the growth of Asia-Pacific regional market. Rising per capita disposable income, evolving consumer lifestyle, and changing inclination of consumers towards convenience bakery products are some of the leading factors driving the Asia Pacific baking mixes market.

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