Food Packaging Market Worth $456.6 Billion By 2027

The global food packaging market size is expected to reach USD 456.6 billion by 2027, expanding at a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc.. Growing demand for convenience food products due to change in lifestyle and alternative eating habits is expected to bolster the market growth.

The industry exhibits rapid growth for single-serve and portable food packs. Increasing purchasing power of buyers owing to rising per capita income is expected to boost the growth. Furthermore, increasing urban population and attraction toward ready-to-eat meals by consumers is expected to spur the demand for food packaging.

Rising concerns of consumers regarding contamination and food safety is predicted to bolster the demand for effective packaging solutions. In addition, increasing number of retail chains is anticipated to propel sales of packaged food, consequently driving the market growth. Surge in demand for food delivery services is also expected to have a positive impact on the industry.

Rising inclination toward innovation in environment-friendly and sustainable packaging is an emerging trend in the industry. Emergence of new and innovative packing types and technologies including Modified Atmosphere Packaging (MAP), active packaging, and, printing technologies are expected to boost the market across the globe. Players also insist on investing in development of cost-effective, lightweight, and high performance materials.

The food packaging industry is expected to be restrained by high volatility observed in prices of raw materials. In addition, introduction of sustainable packaging materials by major manufacturers and increasing consumption by buyers, are expected to provide an impetus to the market over the next few years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/food-packaging-market

Further key findings from the report suggest:

Flexible packaging is expected to register the highest CAGR of 6.0% in terms of revenue from 2020 to 2027, owing to its cost-effectiveness, high performance, and constant innovations undertaken by major manufacturers
Paper and paper-based packaging is estimated to be the fastest growing segment, exhibiting a CAGR of 6.1% from 2020 to 2027, owing to its low cost and sustainability parameters
Bakery and confectionary is anticipated to be the largest application, which recorded a market size of USD 82.6 billion in 2019 owing to growing demand for cakes, candies, and frozen ready-to-eat bakery products
The market in Asia Pacific is was worth USD 112.2 billion by in 2019. The region is anticipated to witness significant growth in near future on account of growing population, increasing urbanization, and rising disposable income of consumers
The food packaging industry is characterized by the presence of large number of players and is highly fragmented. Some of the key players in the market are Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC.

Snacks Market Size Worth $708.6 Billion By 2025

The global snacks market size is projected to reach USD 708.6 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.2% over the forecast period. Healthy eating, indulgence, informality, premiumization, provenance, and value scrutiny are some of the crucial factors driving the market.

The desire for fresh food is growing and people are rejecting industrial food. Consumer concerns with cues including locally grown, processed recognizable ingredients, and shortest ingredient lists have accelerated in recent years. Price drops in recent years, coupled with increased population, improved foodservice, and rising disposable income, is expected to drive demand for processed snacks in developing markets. Growing demand for convenience foods and ready-to-eat meals in modern trade channels is also expected to spur market growth.

The Central and South America market is expected to grow at a consistent rate over the forecast period. Brazil, Argentina, and Chile remain key markets for international brands to increase their customer base. Rising product sales, especially in emerging economies, indicate that people are willing to spend more on snack products owing to improving disposable incomes. This trend is anticipated to continue in the near future.

Various factors such as price-affordability, ease-of-use options, and enhanced product quality have been contributing to product demand. Regional players are focusing on providing products that suit varied preferences of consumers in their respective regions, which gives these players a substantial growth opportunity in developing countries.

The snacks market is highly competitive in nature and, therefore, marked by an extensive range of new products and flavors. Key players in the global snacks market include Tyson Foods, McCain Foods, Aviko, General Mills, and Pepsico. Acquisitions, mergers, joint ventures, and product innovation remain key strategies in order to increase sales.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/snacks-market

Further key findings from the report suggest:

Based on non-extruded snacks, the refrigerated products segment is projected to exhibit a CAGR of 5.3% in terms of revenue over the upcoming period
The fruits and vegetable segment accounted for over 12.0% to the total market in 2018. Increasing awareness among consumers about these products, especially in European countries such as U.K., Germany, and France, is expected to propel segment growth over the forecast period
On the basis of extruded product type, the tapioca segment is anticipated to register a CAGR of 4.0% owing to rising demand for healthy snacking options. Moreover, the popularity of the product as an instant source of energy is expected to drive its demand in the market
While supermarkets and hypermarkets dominate the global market, convenience stores are gaining popularity as a distribution channel and the segment is likely to exhibit the highest CAGR of 6.8% over the forecast period
South Africa, Israel, UAE, Egypt, Iran, and Saudi Arabia are some of the major markets in terms of consumer spending. The UAE market is expected to exhibit a CAGR of 7.2% over the forecast period thanks to rise in consumer disposable income and changing food habits and preferences
The snacks market is highly competitive in nature and is driven by unique product offerings and high consumer demand. PepsiCo, General Mills, Tyson, Hormel, Hain Celestial, Nestlé, and Kellogg were the major players in 2018

Powdered Sugar Market Size Worth $7.49 Billion By 2025

The global powdered sugar market size is expected to reach USD 7.49 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 4.2% from 2019 to 2025. Increasing consumption of bakery and confectionery food products is the key factor driving the market.

Powdered sugar has many applications in bakery products, such as brownies, pound cakes, muffins, cookies, and donuts. Conventional product type was the largest segment in 2018 and accounted for a share of more than 73%. Conventional product is produced from sugarcane or sugar beets. Thus, easy production process and relatively low prices are estimated to drive their demand, thereby supporting segment growth.

However, conventional powdered sugars undergo refining process to remove the molasses that also strips down the vitamins and minerals. This may have a slightly negative impact on its demand. Bakery was the largest application segment in 2018 and will remain dominant even during the forecast period due to extensive product usage in the production various bakery products.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/powdered-sugar-market

Further key findings from the report suggest:

Organic product type is projected to ascend at the fastest CAGR of 4.7% over the forecast years
Bakery application led the global powdered sugar market in 2018 accounting for a revenue share of more than 33%
North America was the dominant regional market in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025
The industry is highly competitive in nature. Key companies include Südzucker United Kingdom Ltd.; Tate & Lyle Sugars; Cargill, Inc.; Imperial Sugar; Nordic Sugar A/S; and American Crystal Sugar Company

Pulse Flour Market Size Worth $64.96 Million By 2025

The global pulse flour market size is projected to reach USD 64.96 billion by 2025 registering a CAGR of 14.5%, according to a new report by Grand View Research, Inc. Rising consumer awareness regarding health and nutrition is anticipated to boost the product demand in the forecast period. Rapidly expanding global gluten-free food and health food markets along with growth opportunities for low Glycemic Index (GI) foods and other niche and specialty pulse products and industries are also contributing to the product demand.

Portion of Chick Pea flour on vintage wooden background

Pulses including peas, chickpeas, lentils, and beans are a rich source of protein and fiber. These are being increasingly used in the form of flour in bakery products, snacks, and dairy food items on account of high nutritional content as compared to other flour types. Pulse flour is also highly used as a functional food ingredient. Pulse flour in bakery foods and snacks improves the amino acid profile of products. In addition, taste of pulses, when combined with bakery products, enhances the flavors and nutritional content.

All these factors are boosting the product demand, thereby augmenting market growth. North America was the largest regional market in 2018 and accounted for a volume share of 21.4% as it is one of the largest producers and exporters of pulses. Support from associations, such as Pulse Canada and USA Pea and Lentil Association, is expected to drive the regional market further over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/pulse-flour-market

Further key findings from the study suggest:

In terms of revenue, pea flour segment is projected to expand at the highest CAGR of 15.5% over the forecast period
Chickpea flour was the key segment in European healthy pulse flour market with an overall revenue share of over 25.1% in 2018
Bakery and snacks is anticipated to be the dominant application segment throughout the forecast period owing to high product demand in these applications
Easy availability and high production of chickpea in Asia Pacific is expected to augment the demand for pulse flour. However, high prices of chickpeas are expected to hinder the overall growth of the market
Global pulse flour market is highly competitive and is led by companies including Ingredion, Inc.; The Archer Daniels Midland Company; and AGT Food and Ingredients
These companies have undertaken strategic initiatives, such as product portfolio expansion, M&A, and product innovation to gain the maximum market share

Agar Agar Gum Market Size Worth $345 Million By 2025

The global agar-agar gum market size is anticipated to reach USD 345.3 million by 2025, according to a new report by Grand View Research, Inc. shifting consumer preference towards animal-free products and popularity of dairy-based products to maintain healthy diets has resulted in significant market growth.

Does the term ‘agar-agar gum’ ring a bell for you? If it does not, well, in the near future, it definitely will. It is a gelatinous polysaccharide used in food products that is well-known amongst the vegetarian and vegan crowd, as shifting lifestyle choices across the globe has prompted various substitutes for animal-based items such as gelatin in the food industry. Gelatin, once highly popular and a crucial ingredient for baked goods, desserts, confectionaries and similar items, is now considered by many as “non-vegetarian” since it is derived from animal sources. This has pushed the demand of agar-agar gum, its ‘vegetarian substitute’, in many regions.

Of Great Nutritional Value

Agar is actually composed of two substances, namely agarose and agaropectin. The gum is derived from seaweed, extracted and processed under stringent conditions to produce powders, squares or strips which can be utilized directly in cooking or baking applications. The best thing about agar-agar gum is that it is colorless, flavorless and odorless, which eliminates requirement for any processing, and it is sold in the form of dehydrated flake or powder, and helps in attaining a “thick” texture, from custards to soups. Another feature of this product is that it is high in fiber, iron and calcium, while being devoid of fats.

The major difference between agar-agar gum and gelatin is that unlike the latter, agar-agar sets more firmly, maintaining its furnace even at high temperatures. Many of the dairy products need a firm gel structure, and this is where agar-agar comes into the picture. The gel helps in maintaining the shape and consistency of the products, thus preserving optical freshness. Even at lower concentration levels of 0.04%, the gel can provide stability and thickness to the food items without any technical assistance. The gel strength of agar-agar is also significantly higher, when compared to gelatin.

Agar-agar gum is synonymous with health benefits, and it is no wonder that the food industry has recognized its potential and moved quickly to integrate it in different products.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/global-agar-agar-gum-market

Further key findings from the report suggest:

Agar-agar gum contains 80% fiber, minimal amount of carbohydrates, and no fats, which translates to very low calorie count.
Due to its high fiber content, it is used as a laxative as it moves rapidly in the digestive system.
Agar-agar gum has been incorporated in traditional eastern medicines for treating diabetes and constipation.
The product is rich in minerals such as potassium, magnesium and folate, and is ideal for weight loss plans, being used in Japan as such.

Consumer preference has started shifting towards animal-free products, and with gelatin being derived from animal sources, consumers have naturally moved away from it towards vegetarian substitutes.
The global population has steadily become health-conscious, which has led to the popularity of dairy-based products in consumer diet, again factoring in the growth of the agar-agar gum market.
The activity of seaweed harvesting and collection has been a major source of income to the rural fishing population of Spain, Portugal, Morocco, and Chile, among others, especially to the female demographic.
Major technological advancements have been made in this industry, such as metal scrapers, which ensure that large quantities of seaweed can be extracted with minimum effort.
New and improved techniques for pre-treatment, cleaning, dewatering, and filtration and gelation have been introduced, which has propelled the agar-agar gum industry.
With vegan and vegetarian diets now governing a significant number of households, creative cooking methods have taken a hold of the market. Textured foods and foamed products have also proved critical for market growth of the product.
Key companies in the industry include TIC Gums, AEP Colloids, Meron Group, Myeong Shin Agar, Marine Science Co., Ltd, Agarmex, Orient Resources Company, B&V, Titan Biotech Ltd, AgarGel, Central Drug House (P) Ltd., Agar Swallow, Agar Corporation, Ltd., AsionsChem, Indoalgas and Able Sales Company. These organizations are actively investing in R&D and supply chain management to improve their existing portfolio and boost the properties of agar-agar gums.