Soy Dessert Market Size Worth $90.2 Billion By 2025

The global soy dessert market size is expected to reach USD 90.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.2% over the forecast period. Growing awareness about the health benefits, rising lactose intolerance, and shifting trends to healthy sweets are expected to drive the market in the forecast period.

Soy milk contains less fats, carbohydrates, and cholesterol as compared to dairy milk, thus rising health consciousness among young consumers is expected to increase the demand for the product in the coming years. The product is high in protein and it helps in weight loss thus are good for obese population. These are the prominent factors that are expected to drive the market for the product in the forecast period.

Based on distribution channel, hypermarket dominated the market and accounted for more than 65.0% share of the global revenue in 2018. Availability of a wide variety of the products under one roof, discounts, and presence of international players are the prominent factors for the segment growth. Online retailers is the fastest growing segment and is expected to witness significant growth in the forecast period. Increasing internet usage and penetration in the rural areas and ease of access to the young consumer group are propelling the demand for the segment in the forecast period.

Cakes and pastries dominated the market and accounted for more than 65% share of the overall revenue. Increased usage of the product in countries such as U.S and other European countries and high intolerance of lactose are driving the market for the product. Ice cream is the fastest growing segment and is expanding at a CAGR of 8.0% in the forecast period. Presence of a large number of flavors and pocket-friendly small packs are the prominent factors for the segment growth. In countries such as Brazil, consumption of ice cream is higher in comparison to cake.

North America is the dominant regional market and the region accounted for 28.0% share of the overall revenue. High lactose intolerance among consumers in countries such as Canada and U.S is the prominent factor driving the regional market. Asia Pacific is the fastest growing region and is expanding at a CAGR of 8.3% in the forecast period. Increasing awareness about health problems due to lactose in developing countries such as India and China and large consumer base of more than 34.0% of the global population are the prominent factors for the regional market growth.

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

Further key findings from the study suggest:

By product, ice cream is projected to expand at a CAGR of 8.0% over the forecast years
Hypermarket is the most preferred distribution channel and it accounted for more than 65.0% share of the overall revenue in 2018
Asia Pacific is the fastest growing regional soy dessert market with a CAGR of 8.3% due to its large variety of products, advertisement, and discounts

Whipping Cream Market Size Worth $10.3 Billion By 2025

The global whipping cream market size is expected to reach USD 10.35 billion by 2025 registering a CAGR of 8.1%, according to a new report by Grand View Research, Inc. Rising consumption of foods, such as pies, ice creams, cupcakes and cakes, puddings, scones, milkshakes, hot chocolate, espresso drinks, and coffee drinks, is expected to remain a favorable factor for the market growth.

Furthermore, rising awareness about the health benefits of whipping creams, such as improved bone health and immune system, due to the presence of vitamins A, D, E, K, and choline. Companies are investing more in product development to increase their market share. For instance, in August 2018, Kraft Heinz partnered with Hershey’s and launched Milk Chocolate Dairy Whipped Topping and Peanut Butter Cup Dairy Whipped Toppings.

In Feb 2019, Amazon launched new private label Happy Belly brand in its dairy and beverage product line. Under this brand umbrella, the company will sell numerous product variants including half and half, heavy whipping cream and dairy whipped topping. In March 2019, DuPont Nutrition & Heath launched Grindsted WP 300 Flexwhip, a sugar-free non-dairy whipping cream. In May 2019, Gay Lea, a Canadian milk and dairy products company, launched a new non-dairy vegan real coconut whipped cream.

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

Further key findings from the study suggest:

The dairy product segment accounted for the largest market share of more than 60% in 2018 and will continue to expand further at a steady CAGR from 2019 to 2025
The B2B application segment is expected to register the fastest CAGR of 8.2% from 2019 to 2025
Europe is expected to be the largest regional whipping cream market accounting for a market share of more than 35% by 2025
Online distribution channel is expected to be the fastest-growing segment at a CAGR of 8.5% from 2019 to 2025

Cold Chain Packaging Market Worth $63.1 Billion By 2027

The global cold chain packaging market size is anticipated to reach USD 63.1 billion by 2027, expanding at a CAGR of 19.4% from 2020 to 2027, according to a new report by Grand View Research, Inc. The key drivers attributing to the market expansion include a significant boost in demand for cold chain packaging solutions from the pharmaceutical industry. Amidst the coronavirus pandemic, the trade and transit of temperature-sensitive drugs, medicines, and test samples are drastically increasing. Along with the pharmaceuticals market, the packaging market is anticipated to witness significant growth. The overall market growth is profoundly influenced by the high demand for perishable goods worldwide and the availability of fresh food and frozen food supplies.

The growing popularity of e-commerce as a channel for purchasing fresh goods drives the market growth. The increasing usage of e-commerce websites and mobile apps has enabled customers to order preserved food, fresh vegetables, dairy products, and daily meals. Digital retailing has given enabled consumers to purchase products from anywhere they want. The rising trend of online purchases for perishable products has led to new opportunities and challenges. These include the need for innovative solutions to provide the critical service of last-mile delivery, automated warehouse facilities to manage inventories and to reduce per-item costs, and advanced cold chain packaging solutions that would maintain the safety of fresh food products.

North America dominated the market for cold chain packaging in 2019 and is estimated to continue leading over the forecast period leveraging the high consumption rate of meat, processed food, and dairy products. Additionally, the regional market is highly fragmented with numerous market players, which has increased the regional market share. However, the current economic and political scenario has impacted industry growth. The trade conflict between the U.S. and China is expected to negatively impact the growth of the cold chain market in the U.S. In early 2018, China announced a 15% to 25% tariff on products imported from the U.S., including pork, fruits, wine, nuts, and vegetables. This high tariff imposed on food and agriculture products is expected to hinder the regional market growth.

The Middle East and Africa market for cold chain packaging is anticipated to register the highest CAGR over the forecast period on account of significant improvements in material handling, warehousing, intralogistics, and supply chain solutions. The Asia Pacific regional market is estimated to witness a significant CAGR of more than 21% from 2020 to 2027. The growth is attributed to the ever-increasing population, rapid industrialization, continued rollout of transportation and warehousing networks, and the rise in demand for processed and canned food items.

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

Further key findings from the study suggest:

Amid the COVID-19 pandemic, governments across the globe are emphasizing on providing ample medicinal supply to the healthcare facilities. With the increasing tests per day, the transit of blood samples is also increasing, thereby increasing the need for reliable temperature-controlled packaging solutions in the pharmaceutical and healthcare industry.
The evolution of the smart technologies, such as smart boxes or smart temperature-controlled packaging solutions that provide real-time data on variations in temperature, humidity, and air pressure, is expected to drive the future growth of the market.
The increasing emphasis on low ozone depletion potential (ODP) and low global warming potential (GWP) gases is expected to boost demand for natural and inorganic refrigerants such as ammonia and carbon dioxide.
The fruits & vegetable segment is expected to grow at a significant compound annual growth rate (CAGR) of more than 20% from 2020 to 2027 owing to the increasing demand for fresh vegetables and fruits from end consumers across the globe.
Market players are expanding their regional presence through mergers, acquisitions, and partnerships by establishing a network of distributors located in different regions. For instance, Pelican Products, Inc. has a network of dealers located in South America (NatBio), Asia Pacific (Giddi Pharma, Pharmaserv Express, and others), and Europe (DS Smith).
Some of the key industry participants are Cold Chain Technologies, Cryopak A TCP Company, Pelican Products, Inc., Sofrigam, and Sonoco ThermoSafe.

Soy Dessert Market Size Worth $90.2 Billion By 2025

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

Further key findings from the study suggest:

By product, ice cream is projected to expand at a CAGR of 8.0% over the forecast years
Hypermarket is the most preferred distribution channel and it accounted for more than 65.0% share of the overall revenue in 2018
Asia Pacific is the fastest growing regional soy dessert market with a CAGR of 8.3% due to its large variety of products, advertisement, and discounts

Vanillin Market Size Worth $724.5 Million By 2025

The vanillin market has seen good growth in recent years. Vanillin is a key aromatic compound extensively used to enhance the aroma and flavor of the various end-use products. It is the principal aroma and flavor compound in vanilla beans. It is also found in ‘Leptotes bicolor’, an orchid species found in Paraguay and Southern Brazil as well as the Southern Chinese red pine. Based on how it is produced, it can be classified into Pure, Natural & Synthetic. Vanillin comes in two forms – liquid and powdered.

Vanillin is an essential aromatic compound extensively used to enhance the aroma and flavor of the different end-use products. Vanilla beans constitute pleasant smell, that occurs naturally in vanilla beans. It is widely used as flavoring agent in food products and aromatic additives for incense, perfumes, medicines, candles, and air fresheners. Due to an ability to enhance flavor in food products coupled with low-calorie content and high availability of antioxidants in vanillin, its demand from food & beverage segment is anticipated to increase over the forecast period.

Food & beverage accounted as the largest end-use segment in 2016 and is anticipated to grow significantly over the upcoming years. Growing demand for variety food products is encouraging manufacturers to produce vanillin products from a sustainable source.

Fragrance segment is expected to witness the fastest growth in terms of volume over the forecast period with an estimated CAGR of 6.0% from 2017 to 2025. Increasing consumer spending on beauty and personal care products along with growing usage of aromatic products in various fragrance application products are anticipated to fuel the growth of the vanillin market over the forecast period. In addition, increasing usage of fragrance products in the emerging economies such as India, China, the U.S., and Brazil is expected to increase the demand further.

Vanillin and vanilla are often thought to be the same and used interchangeably, which is a wrong notion, as vanilla contains hundreds of other compounds which make up its distinguishable aroma. Vanilla has for long been the undisputed choice among consumers when it comes to flavor, aided by the following factors:

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

Further key findings from the report suggest:

It is extensively used as flavor agent in end-use segments such as food & beverage, which is the major application factoring in the market growth. Ice-cream and chocolate industries cover a large portion of the market.
In food & beverage segment, it enhances flavor and aroma of the products, especially bakery products, confectioneries, biscuits, chocolates, candies, and ice creams. With increasing disposable income and improvements in the standard of living, the demand for a variety of food & beverage products has only increased, thus creating an attractive market.
It also finds application in the beverage manufacturing industry, where it is used as a flavoring agent. This again is an important factor for its market growth.
Vanillin is used as an intermediate or as an inactive excipient during manufacturing of drugs and medicines. Pharmaceutical application is likely to be the one of the fastest growing segments of the global market in the coming years.
It is widely used as an intermediate chemical as well as an additive in the pharmaceutical sector. Tablet masking, minimizing bitter taste in medicines, oral medicine processing, topical medicated lotions and other pharmaceutical products use it as an excipient.