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Vegan Chocolate Market 2023 | Industry Trends, Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Vegan Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global vegan chocolate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the vegan chocolate market?

Report Attributes	Details
Market Size in 2022	US$ 1.06 Billion
Market Forecast in 2028	US$ 2.02 Billion
Growth rate (2023 to 2028)	CAGR of 11.30%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is vegan chocolate?

Vegan chocolate is a kind of chocolate that lacks animal-derived ingredients and is prepared by utilizing plant-based components, such as cocoa butter, cocoa solids, natural sweeteners, etc. It excludes dairy items which include milk, eggs, honey, etc., giving it a slightly distinct flavor as compared to its traditional counterparts. Vegan chocolate products are enjoyed by individuals who adhere to a vegan lifestyle or have lactose intolerance. They serve as an excellent choice for environmentally conscious customers, on account of their reduced carbon footprint when compared to regular chocolates. Vegan chocolate items are widely available in various variations, including dark, milk, white, etc., which are crafted with higher cocoa solid percentages, less sugar, plant-based milk, and other plant-derived ingredients. Consequently, they are in widespread demand among consumers across the globe.

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What are the growth prospects and trends in the vegan chocolate industry?

The vegan chocolate market is primarily driven by the growing prevalence of lactose intolerance and food allergies from dairy based products among individuals. Apart from this, the emerging trend of veganism is also bolstering the market growth. Additionally, the escalating environmental consciousness among consumers is propelling the adoption of vegan chocolates, as they are made by using sustainably sourced ingredients and have a smaller carbon footprint as compared to traditional chocolates, which is acting as another significant growth-inducing factor. Besides this, the launch of numerous environmental conservation campaigns by government bodies is further catalyzing the global market. Moreover, the introduction of innovative flavors by leading manufacturers and the increasing product availability via e-commerce platforms are expected to augment the vegan chocolate market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Chocolate Type Insights:

Milk Chocolate and White Chocolate
Dark Chocolate
Others

Nature Insights:

Organic
Conventional

Sales Channel Insights:

B2B
B2C
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Alter Eco
Barry Callebaut AG
Chocoladefacriken Lindt & Sprungli AG
Chocolove
Endangered Species Chocolate, LLC
Goodio
Hu Kitchen (Mondelez International)
Montezuma’s Chocolate Limited
No Whey Chocolates, LLC
Plamil Foods Ltd.
Sjaak’s
Theo Chocolate, Inc., etc.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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Antioxidants Market 2023 | Industry Share, Statistics and Forecast 2028

According to the latest report by IMARC Group, titled, “Antioxidants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global antioxidants market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the antioxidants market?

Report Attributes	Details
Market Size in 2022	US$ 3.8 Billion
Market Forecast in 2028	US$ 5.8 Billion
Growth rate (2023 to 2028)	CAGR of 6.10%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is antioxidants?

Antioxidants refer to molecules that can neutralize or inhibit the harmful effects of free radicals in the body. They provide electrons to the free radicals, thereby preventing them from causing damage. Antioxidants can also help to regenerate other molecules in the body. They can be obtained via a balanced diet that comprises vegetables, whole grains, fruits, nuts, seeds, etc. Antioxidants are also commonly available as dietary supplements that are formulated in the form of tablets, capsules, or powders to promote overall health and well-being. They are widely used in the food and beverage (F&B) industry to prevent oxidation and extend the shelf life of products. Antioxidants provide versatility and other beneficial properties, which in turn, make them valuable components in numerous products and formulations.

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What are the growth prospects and trends in the antioxidants industry?

The increasing demand for functional foods and beverages that offer additional health benefits is primarily driving the antioxidants market. Moreover, the widespread adoption of antioxidants, as they aid in minimizing the risk of cancer, diabetes, neurodegenerative disorders, etc., is further bolstering the market growth. Besides this, the rising usage of natural antioxidants, such as vegetables, fruits, plant extracts, etc., as they are considered healthier alternatives to synthetic additives, is acting as another significant growth-inducing factor. Additionally, antioxidants are also added to animal feed and pet food to prevent the oxidation of oil, fats, and other nutrients. Apart from this, they are widely utilized in the pharmaceuticals industry to avoid oxidative degradation of drugs and maintain their stability and potency, which is stimulating the market growth. Furthermore, several advancements in extraction technologies and formulation techniques are anticipated to fuel the antioxidants market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

Natural Antioxidants
Synthetic Antioxidants

Form Insights:

Dry
Liquid

Application Insights:

Food and Feed Additives
Pharmaceuticals and Personal Care Products
Fuel and Lubricant Additives
Plastic, Rubber, and Latex Additives
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ADEKA Corporation
Adishank Chemicals Pvt. Ltd.
BASF SE
Camlin Fine Sciences Ltd.
Cargill Incorporated
Eastman Chemical Company
ICC Industries Inc.
Kalsec Inc.
Kemin Industries Inc.
Khera Chemical Industries
Koninklijke DSM N.V.
Trigon Antioxidants Pvt. Ltd., etc.

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Australia Oat Milk Market 2023 | Industry Trends, Statistics and Forecast 2028

According to the latest report by IMARC Group, titled, “Australia Oat Milk Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the Australia oat milk market share, size, trends, and growth forecasts.

Report Highlights:

How big is the Australia oat milk market?

Report Attributes	Details
Market Size in 2022	AUD 123.6 Million
Market Forecast in 2028	AUD 625.2 Million
Growth rate (2023 to 2028)	CAGR of 24.10%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is Australia oat milk?

Oat milk represents a plant-based beverage that is obtained from liquified oats and serves as a lactose-free and vegan-friendly alternative to dairy milk. It is usually characterized by a rich, creamy texture and neutral taste. Oat milk is an excellent source of essential nutrients, such as potassium, folate, iron, calcium, manganese, zinc, thiamine, magnesium, vitamin D, etc. It aids in regulating blood cholesterol levels, strengthening bones, maintaining heart health, etc. Oat milk is widely utilized to prepare several drinks, including milkshakes, smoothies, tea, coffee, health drinks, etc. It is also used in the production of bakery goods, including muffins, cakes, cupcakes, chocolates, etc. Consequently, oat milk is gaining extensive traction among health-conscious consumers across Australia.

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What are the growth prospects and trends in the Australia oat milk industry?

The increasing consumer awareness towards animal welfare and cruelty is propelling the demand for plant-based diets, which is primarily driving the Australia oat milk market. Additionally, the widespread adoption of aggressive promotional activities by celebrities and athletes to promote the usage of vegetarian products for a healthy lifestyle is further bolstering the market growth. Besides this, the development of oat milk in numerous innovative flavors, including vanilla, coffee, hazelnut, mocha, chocolate, strawberry, berry, banana, coconut, etc., is acting as another significant growth-inducing factor. Moreover, it is easily available via online retail platforms and offline distribution channels, which is catalyzing the market growth across the country. Apart from this, the rising number of cafes offering oat milk-based drinks is also stimulating the market growth. Furthermore, the expanding vegan and lactose-intolerant population is anticipated to fuel the Australia oat milk market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Source Insights:

Conventional
Organic

Flavor Insights:

Plain
Flavored

Packaging Form Insights:

Carton
Bottle
Can

Regional Insights:

New South Wales
Victoria
Queensland
Western Australia
South Australia
Tasmania
Others

Who are the key players operating in the industry?

The report covers the major market players including:

Califia Farms AU (Califia Farms, LLC)
Chobani Australia Pty Ltd. (Chobani, LLC)
Inside Out Nutritious Goods Pty Ltd.
Minor Figures AU (Minor Figures Limited), Noumi Limited, Oatly AB (Cereal Base Ceba AB)
PureHarvest, Sanitarium
Uncle Tobys (Nestlé)
Vitasoy Australia (Vitasoy International Holdings Limited)
Wide Open Agriculture, etc.

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Brown Sugar Market 2023 | Industry Growth, Statistics and Forecast 2028

According to the latest report by IMARC Group, titled, “Brown Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global brown sugar market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the brown sugar market?

Report Attributes	Details
Market Size in 2022	US$ 18.5 Billion
Market Forecast in 2028	US$ 32.1 Billion
Growth rate (2023 to 2028)	CAGR of 9.3%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is brown sugar?

Brown sugar refers to a sweetener utilized in culinary applications, derived by incorporating molasses, a residue from sugar refining, into white sugar. The molasses infusion imparts the characteristic brown hue and slightly adhesive consistency to brown sugar. The depth of color and intensity of flavor in brown sugar depend on the quantity of molasses added. With its delightful caramel-like taste, brown sugar is commonly employed in dessert recipes, sauces, glazes, and marinades. Compared to white sugar, brown sugar possesses higher moisture content, resulting in a softer and more clumpy texture that can influence the outcome of baked goods. Consequently, it is in widespread use across the globe.

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What are the growth prospects and trends in the brown sugar industry?

The brown sugar market is primarily driven by the increasing consumer preference for natural and unrefined sweeteners as a healthier alternative to artificial options. Moreover, the elevating awareness about the multiple benefits of brown sugar, such as minimal processing and improved retention of natural minerals and nutrients through the presence of molasses, is acting as another significant growth-inducing factor. Besides this, the emerging trend of home baking and cooking that has heightened the demand for specialty ingredients that impart a unique flavor and texture to culinary creations is also positively influencing the global market. Additionally, the growing health-consciousness among consumers that has contributed to the popularity of brown sugar, owing to its perceived advantages over white sugar and its slightly higher mineral content, is further stimulating the market growth. Apart from this, the expanding influence of global cuisines and their associated recipes, particularly in ethnic dishes that rely on the distinct flavor and color provided by brown sugar, is expected to propel the market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

Light Brown
Dark Brown

Breakup by Form:

Powder
Granules
Others

Breakup by Distribution Channel:

Hypermarkets and Supermarkets
Convenience Stores
Specialty Retailers
Online Retailer
Others

Breakup by Application:

Bakery and Confectionery
Beverages
Dairy
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

American Crystal Sugar Company
American Sugar Refining Inc.
Cargill Incorporated
Imperial Sugar Company
Mehrotra Consumer Products Pvt. Ltd.
Nordzucker AG
Sudzucker AG
Sunshine Sugar
Taikoo Sugar Limited (Swire Pacific Limited)
Wholesome Sweeteners Inc. (Whole Earth Brands)

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Starch Derivatives Market 2023 | Industry Trends, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Starch Derivatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global starch derivatives market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the starch derivatives market?

Report Attributes	Details
Market Size in 2022	US$ 52.3 Billion
Market Forecast in 2028	US$ 74.9 Billion
Growth rate (2023 to 2028)	CAGR of 6.40%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is starch derivatives?

Starch derivatives represent a group of organic compounds derived from starch, a complex carbohydrate found in plants. They include modified starch, cyclodextrin, starch esters, glucose syrup, maltodextrin, and hydrolysates. Starch derivatives are commercially produced by modifying starch using chemical, physical, and enzymatic methods. They are also renewable and biodegradable in nature, which aids in reducing adverse environmental impacts, promoting sustainability, and minimizing reliance on fossil fuel-based alternatives. As a result, these organic compounds find wide applications across the textile, cosmetics, pharmaceuticals, printing, papermaking, and packaging industries.

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What are the growth prospects and trends in the starch derivatives industry?

The widespread adoption of the product as an agent for thickening, emulsifying, stabilizing, and encapsulating, thereby enhancing texture, stability, and the preservation of flavor, fragrances, and nutrients, is primarily driving the starch derivatives market. Furthermore, the escalating demand for convenience and fast-food items, on account of changing dietary patterns, is also augmenting the market growth. Apart from this, the rising usage of these organic compounds in the pharmaceutical industry as excipients and drug delivery systems, improving binding, solubility, stability, bioavailability, and controlled release properties is positively influencing the global market. Moreover, the introduction of enzymatic methods in the manufacturing process, which uses specific enzymes, including amylase, pullulanase, and cyclodextrin glycosyltransferases (CGTases) to increase yield, selectivity, production efficiency, and functionalities, is further bolstering the market growth. Besides this, the increasing utilization of starch derivatives in the production of biodegradable packaging with eco-friendly, flexible, durable, strong, and barrier properties is acting as another significant growth-inducing factor. Additionally, the growing popularity of the product in cosmetics and personal care items, such as lotions, creams, shampoos, diapers, and sanitary pads, is expected to drive the starch derivatives market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

Maltodextrin
Glucose Syrup
Cyclodextrin
Hydrolysates
Modified Starch
Others

Application Insights:

Food and Beverages
Cosmetics
Paper
Pharmaceuticals
Feed
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Agrana Group (AGRANA Zucker Stärke und Frucht Holding AG)
Archer Daniels Midland Company
Cargill Incorporated
Foodchem International Corporation
Grain Processing Corporation (Kent Corporation)
Ingredion Incorporated
JP & SB International
Matsutani Chemical Industry Co., Ltd.
Roquette Frères
ShreeGluco Biotech Private Ltd.
Tate & Lyle PLC
Tereos S.A, etc.

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Dog Food Market in India 2023 | Industry Share, Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “India Dog Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“ The study provides a detailed analysis of the industry, including the dog food market in India share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the India dog food market?

Report Attributes	Details
Market Size in 2022	US$ 2.4 Billion
Market Forecast in 2028	US$ 3.5 Billion
Growth rate (2023 to 2028)	CAGR of 6.1%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is India dog food?

Dog food is a specially formulated and commercially prepared food designed to meet the nutritional needs of dogs. It is typically composed of a variety of ingredients, including animal derivatives, dairy products, eggs, vegetables, cereals, by-products, fats and oils, mineral supplements, sugar, and other additives. Dog food plays a crucial role in bolstering the immune system, supporting proper metabolism, strengthening muscles and bones, and reducing the risk of allergies and digestive issues. In India, dog food is available in different forms, including pellets, snacks, treats, kibble, and liquid supplements.

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What are the growth prospects and trends in the India dog food industry?

The Indian market for dog food is experiencing positive growth due to several factors. One key factor is the increasing adoption of dogs as pets and the growing concerns of pet parents regarding their dogs’ health. Moreover, the rising trend of dogs being sought after for companionship and security, particularly in nuclear families, is driving the market in India. The availability of dog food through online and offline channels is also contributing to the market’s strength. Additionally, the introduction of customized products that cater to the specific needs of individual dogs, considering factors such as sex, age, breed, weight, activity level, health condition, and appetite, is further fueling the market’s growth in India.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

Dry Dog Food
Dog Treats
Wet Dog Food

Breakup by Pricing Type:

Premium Products
Mass Products

Breakup by Pricing Type:

Premium Products
Mass Products

Breakup by Ingredient Type:

Animal Derived
Plant Derived

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Online
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Protein Ingredients Market Trends 2023 | Industry Size, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global protein ingredients market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the protein ingredients market?

Report Attributes	Details
Market Size in 2022	US$ 39.9 Billion
Market Forecast in 2028	US$ 54.7 Billion
Growth rate (2023 to 2028)	CAGR of 5.3%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is protein ingredients?

Protein ingredients are obtained from various sources and help in building and repairing muscles and bones. They also assist in reducing muscle loss, building lean muscles, maintaining a healthy weight, and curbing hunger pangs. Apart from this, they help in improving the texture of hair and reducing breakage and split ends. As protein ingredients also aid in reducing the risk of chronic disease, regulating weight, and improving physical strength, they are increasing being included in different food products and beverages.

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What are the growth prospects and trends in the protein ingredients industry?

At present, the growing global population and the rising prevalence of protein deficiency diseases, such as kwashiorkor and marasmus, represent one of the key factors positively influencing the market worldwide. In addition, the growing consciousness of people about overall wellbeing and health and fitness is catalyzing the demand for protein-rich food products, such as lentils, cheese, peanuts, almonds, milk, yogurt, and tofu. Moreover, the emerging adoption of veganism is offering lucrative opportunities to leading market players to introduce vegan protein supplements. This, in confluence with the easy availability of food items across various e-commerce websites, is creating a favorable market outlook. Furthermore, the expansion of fitness centers is impelling the growth of the market across the globe.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

Animal Proteins
Egg Protein
Whey Protein
Gelatin
Casein
Milk Protein Concentrates/Isolates
Plant Proteins
Wheat Protein
Soy Protein
Pea Protein
Others

Breakup by Application:

Food and Beverages
Personal Care and Cosmetics
Pharmaceuticals
Animal Feed

Regional Insights:

Europe
North America
Asia Pacific
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Cargill, Inc.
Archer-Daniels-Midland Company
Kerry Group
Omega Protein Corporation
Mead Johnson.

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Algae Products Market Size 2023 | Industry Share, Growth, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “ Algae Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the global algae products market size , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.

Report Highlights

How big is the algae products market?

Report Attributes	Details
Market Size in 2022	US$1.8 Billion
Market forecast in 2028	US$2.5 Billion
Growth rate (2023 to 2028)	CAGR of 5.3%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is algae products?

Algae are rich in vitamins, minerals, omega-3 fatty acids, protein, polysaccharides, lipids, and antioxidants. They are added to meat products, such as pasty, steaks, frankfurters, and sausages to improve their quality. They are also employed in the preparation of agar, alginate, and carrageenan on account of their gelling, thickening, and stabilizing properties. At present, they are widely utilized in the nutraceuticals and dietary supplements, personal care, feed, pharmaceuticals, and chemical industries across the globe.

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What are the growth prospects and trends in the algae products industry?

The growing global population and increasing awareness about the health advantages of consuming food rich in omega-3 fatty acids represent one of the key factors positively influencing the market. In line with this, an extensive range of pharmaceutical products comprises algae due to their antimicrobials, antiviral, antifungal, and therapeutic properties. This, in confluence with the rising need for algae in food supplements and the easy availability of algae products across various distribution channels, is propelling the growth of the market. Additionally, the increasing adoption of algae in aquaculture feeds for livestock on account of their low cost is fueling the market growth. Furthermore, increasing investments in research and development R&D activities to produce biofuels from algae for reducing expenses on the import of fossil fuels is projected to stimulate the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Lipids
Carrageenan
Carotenoids
Algal Protein
Alginate
Others

Breakup by Source:

Brown Algae
Blue-Green Algae
Red Algae
Green Algae

Breakup by Form:

Solid
Liquid

Breakup by Distribution Channel:

Online
Offline

Breakup by Application:

Food and Beverages
Nutraceuticals and Dietary Supplements
Personal Care
Feeds
Pharmaceuticals
chemicals
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ACCEL Carrageenan Corporation
Algatechnologies Ltd
Algenol
Archer Daniels Midland Company
BASF SE, Caldic BV
Cargill Incorporated
Cellana Inc
Corbion NV
Cyanotech Corporation
DuPont de Nemours Inc
Koninklijke DSM NV
TBK Manufacturing Corporation.

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Ethnic Foods Market Size 2023 | Industry Share, Trends, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Ethnic Foods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global ethnic foods market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the ethnic foods market?

Report Attributes	Details
Market Size in 2022	US$ 49.43 Billion
Market Forecast in 2028	US$ 84.18 Billion
Growth rate (2023 to 2028)	CAGR of 9.19%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is ethnic foods?

Ethnic foods refer to traditional cuisines originating from the heritage and culture of various ethnic groups, religions, or countries. They consist of dishes from all over the world, including Mexican, Indian, American, Italian, Greek, Chinese, Ethiopian, Cambodian, Japanese, Thai, and Korean cuisines. They are prepared using natural ingredients acquired from local plant and animal sources and do not contain any added adulterants, flavors, or colors. They are healthy and nutritious and contribute to a balanced diet, improve overall health, boost immunity, detoxify the body, and reduce the risk of diabetes, obesity, and cardiovascular diseases (CVDs). At present, ethnic foods are gaining immense traction across the globe as they offer cultural diversity and nutritional value.

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What are the growth prospects and trends in the ethnic foods industry?

The global ethnic foods market is primarily driven by shifting consumer inclination toward trying new and exotic cuisines from different cultures. Moreover, ethnic foods are healthy, nutritious, and delicious products that offer unique experiences and exposure to exotic flavors and spices. In line with this, the emerging trend of eating out, experimenting with food, and exploring new cuisines is positively influencing market growth. Additionally, increasing demand for ready-to-eat, ready-to-cook, and frozen ethnic foods, which offer enhanced convenience and longer shelf-life, has catalyzed market growth. Furthermore, the rising establishment of specialized ethnic food supermarkets, hypermarkets, and retail stores is contributing to the market growth. Other factors, including changing dietary preferences of consumers, easy product availability on e-commerce platforms, and increasing health consciousness, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Cuisine Type Insights:

American
Chinese
Japanese
Mexican
Italian
Others

Food Type Insights:

Vegetarian
Non-Vegetarian

Distribution Channel Insights:

Food Services
Retail Stores

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Ajinomoto Co. Inc.
Asli Fine Foods
McCormick & Company Inc.
MTR Foods Pvt. Ltd. (Orkla ASA)
Natco Foods Ltd.
Old El Paso (General Mills)
Santa Maria UK Ltd. (Paulig Group)
TRS Ltd., etc.

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