Food and Beverages Industry Overview

The fish powder market consists of sales of fish powder by entities (organization, partnership, sole traders) that refers to the finely ground powder formed from cooked fish flesh. Fish powder prepared from leftover fish can be used to supplement staple foods including maize and cassava, increasing micronutrient concentrations in the meal. The main types of fish powders are steam dried and flame dried fish powders. Flame dried fish meal is produced using the shortest rotary dryer, known as a direct hot air dryer or flame dryer, which is employed in the manufacturing of about 75% of the world's fish meal. The different sources include whole fish, and by-product and is used in swine, poultry, aquaculture, and other applications. The end-users include food and beverages, sports nutrition and dietary supplement, cosmetic and personal care, pharmaceutical, animal feed, and others, and is distributed through business to business (B2B), and business to customer (B2C) sales channels. The global fish powder market size is expected to grow from $7.20 billion in 2021 to $7.62 billion in 2022 at a compound annual growth rate (CAGR) of 5.9%. The global fish powder market size is expected to grow to $9.81 billion in 2026 at a CAGR of 6.5%. The rise in the production of functional food is significantly driving the growth of the fish powder market. Functional foods are frequently chosen because they provide numerous health benefits and are healthy. The fish powder is an important functional food since it provides calcium, antihypertensive proteins, and antioxidants. For instance, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, the increasing production of functional food is expected to drive the growth of the fish powder market going forward. Technological advancements are shaping the fish powder market. The key players in the fish powder market are indulging in adopting various technological advancements to strengthen their position in the market. For instance, in January 2022, Cermaq Canada Ltd, a Canada-based salmon farming company adopted aeration technology supplied by Poseidon Ocean Systems. Cermaq Canada has reported that a new aeration technology supplied by Poseidon Ocean Systems has helped them eliminate over 76,000 kg of CO2 emissions from their operations in 2021. In November 2020, PAI Partners, a France-based private equity firm, acquired a majority stake in Angulas Aguinaga for an undisclosed amount. Through this acquisition, PAI intends to expedite the company's new strategic business plan, assist in the expansion of product offerings through the launch of new categories, and assist in the company's commitment to internationalization, with a focus on France and Italy. Angular Aguinaga is a Spain-based company that produces frozen seafood products including fish powder. Major players in the fish powder market are Austevoll Seafood ASA (Laco AS), Omega Protein Corporation, Daybrook Fisheries, Austral, Cermaq, Kodiak Fishmeal, Exalmar, Nissui, HAYDUK, Chishan Group, Oceana Group, Dalian Longyuan Fishmeal, Zhejiang FengYu Halobios, FMC Corporation, Asia Pacific was the largest region in the fish powder market in 2021. Europe is expected to be the fastest-growing region in the global fish powder market during the forecast period. The regions covered in the global fish powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fish powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global fish powder market is segmented - 1) By Source: Whole Fish, By-Product 2) By End-User: Food&Beverages, Sports Nutrition and Dietary Supplements, Cosmetics and Personal Care, Pharmaceuticals, Animal Feed, Fertilizer 3) By Type: Steam Dried (SD) Fish Powder, Flame Dried (FD) Fish Powder 4) By Distribution Channel: B2B, B2C 5) By Application: Swine, Poultry, Aquaculture, Other Applications

The oat milk market consists of sales of oat milk by entities (organizations, sole traders, and partnerships) that are used for the preparation of desserts, yogurt, and other dairy alternatives. Oat milk is plant-based milk made from liquefied oats. It is a lactose-free drink that is widely used as a replacement for dairy milk in the preparation of coffee and tea, various smoothies, and health drinks. Oats are easily cultivated so this makes the products more economic and available at any part of the time. The main sources of the oat milk market are organic and conventional. Organic is produced by organic methods. This is produced without the use of synthetic chemicals, which do not contain any genetically modified organisms. The different types include plain oat milk and flavored oat milk and involve various packaging forms such as cartons and bottles. It is employed in several sectors including food and beverages, nutraceuticals and baby food, personal care, and pharmaceuticals. The global oat milk market size is expected to grow from $2.51 billion in 2021 to $2.74 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global oat milk market size is expected to grow to $3.70 billion in 2026 at a CAGR of 7.8%. The rise in the vegan population is expected to propel the growth of the oat milk market going forward. Veganism is the practice of avoiding the use of animal products, particularly in the diet, as much as possible. There is rapid growth in the vegan population for various reasons, which include weight management, health concerns, animal welfare, and others. Oat milk offers more vitamin D than cow's milk, which provides a variety of health benefits including bone and dental health, as well as immune system endurance. For instance, according to Veganuary, a non-profit organization, more than 500,000 people have joined the vegan community surpassing 2020’s total of 400,000 people. Therefore, the rising vegan population drives the growth of oat milk. Product innovations are shaping the oat milk market. Major companies operating in the oat milk sector are focused on developing innovative products to meet customer demand and strengthen their position. For instance, in June 2020, Gold&Green, a Finland-based food technology company launched 100% plant-based protein Pulled Oats. Pulled Oats capitalizes on the rising popularity of a plant-based diet and will attract vegans, vegetarians, pescatarians, flexitarians, and pretty much everyone attempting to eat less meat or looking for tasty and varied protein substitutes. Pulled oats have a unique fibrous texture that integrates flavors well and can be seasoned to taste. In December 2021, Fazer Group, a Finland-based food industry that offers plant-based drinks acquired Trensums Food AB for an undisclosed amount. This acquisition helps the company to achieve its goal of becoming a leader in the Northern Europe market. Trensums Food AB is a Swedish-based company that emphasizes plant-based foods, particularly oat-based derivatives. Major players in the oat milk market are Thrive Market, Inc., The Hain Celestial Group, Inc., Rise Brewing, PepsiCo (US), Pacific Food, Oatly AB, Happy Planet Foods (US), Elmhurst, Earth's Own Food Company Inc, Danone, and Califia Farms. Asia Pacific was the largest region in the oat milk market in 2021. North America is expected to be the fastest-growing region in the global oat milk market during the forecast period. The regions covered in the global oat milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oat milk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global oat milk market is segmented - 1) By Source: Organic, Conventional 2) By End User: Food & Beverages, Nutraceuticals & Baby Food, Personal Care, Pharmaceuticals 3) By Product: Plain, Flavoured 4) By Packaging Form: Carton, Bottle

The low-intensity sweetener market consists of sales of low-intensity sweeteners by entities (organizations, sole proprietors, partnerships) that are used as sugar substitutes. Low-intensity sweeteners have no effect on insulin levels and are a low-calorie or zero-calorie sugar alternative that provides a sweet taste. It is used in various industries, such as food and beverage, pharmaceuticals, confectionary, and other industries. The main types of low-intensity sweeteners include D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol, and allulose. D-Tagatose is used as a partial or full replacement for other nutritive sweeteners such as sugar, corn syrup, and others that can be found in drinks, yogurt, creams, and dietetic sweets. D-Tagatose (D-tag) is a fructose isomer that is around 90% sweeter than sucrose. The various forms of low-intensity sweeteners are dry and liquid and are used for applications in food, beverages, and pharmaceutical and personal care products. The global low-intensity sweeteners market size is expected to grow from $1.71 billion in 2021 to $1.88 billion in 2022 at a compound annual growth rate (CAGR) of 5.99%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global low-intensity sweetener market size is expected to reach $2.38 billion in 2026 at a CAGR of 6.13%. Growing consumer inclination towards low-calorie foods is expected to propel the growth of the low-intensity sweetener market. The rising consumer awareness of health and wellness in relation to healthier food and beverage products, as well as a preference for low-calorie foods and a healthy diet, is driving the growth of the market. For instance, according to an online survey conducted in 2021 by YouGov as part of the British Nutrition Foundation’s Healthy Eating Week 2021, 33% of respondents stated that they have included more fruits and vegetables in their diets, 29% have started cooking healthier meals, and 32% have been drinking more water. Therefore, growing consumer inclination towards low-calorie and healthy foods is expected to propel the growth of the low-intensity sweeteners market. New product launches are a key trend gaining popularity among the companies in the low-intensity sweeteners market. Players in the market are developing new products to fulfil customer demand for more predictive tools to reduce development time and support product performance. For example, In July 2020, Tate & Lyle, a UK-based company engaged in providing food and beverage solutions and ingredients, launched the SWEETENER-VANTAGETM Expert Systems, a set of new and innovative sweetener solution design tools, together with an education program, that are developed to assist formulators in creating sugar-reduced food and drinks with the use of low-calorie sweeteners. In December 2020, Tate & Lyle, a UK-based producer of ingredients and solutions for food, beverage, industrial, and agriculture industries, acquired Sweet Green Fields (SGF) for an undisclosed amount. With this acquisition, SGF strengthens the broad portfolio of stevia products and a fully integrated stevia supply chain for Tate & Lyle, including cost-efficient manufacturing, leaf sourcing, established agricultural programs, and leaf varietal development. Sweet Green Fields (SGF) is a US-based company engaged in offering low-sugar products and stevia sweeteners. Major players in the low intensity sweeteners market are Ingredion Incorporated, Roquette Frères, Tate & Lyle, Food Chem International Corporation, Du Pont, Gulshan Polyols Limited, Mitsui Sugar Co. Ltd., ADM, Whole Earth Brands, Van Wankum Ingredients, Hylen Co., Ltd., Fooding Group Limited, Apura Ingredients, Shandong Saigo Group Corporation, Bonumose Inc., Nova Green Inc., zuChem Inc., PureCircle, HYET Sweet and SweetLeaf Stevia Sweetener North America will be the largest region in the low-intensity sweeteners market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global low-intensity sweeteners market during the forecast period. The regions covered in the global low-intensity sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the low intensity sweeteners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global low intensity sweeteners market is segmented - 1) By Type: D-Tagatose, Sorbitol, Maltitol, Xylitol, Mannitol, Erythritol, Allulose 2) By Form: Dry, Liquid 3) By Application: Food, Beverages, Pharmaceutical and Personal Care Products

The moringa ingredient market consists of sales of moringa ingredients by entities (organizations, sole traders, and partnerships) consisting of various moringa ingredients such as seeds, leaves, powder, and others. The Moringa plant is a drought-resistant tree of the family Moraceae, native to the Indian subcontinent, which contains many essential vitamins and minerals. Moringa ingredients are used in various industries such as food and beverages, pharmaceuticals and nutraceuticals, and personal care, owing to their antifungal, antidepressant, and anti-inflammatory properties. The main types of moringa products include moringa seeds, moringa leaves, moringa fruits, moringa tea, and moringa pods. Moringa seeds are the seeds of the moringa oliefera plant and have a wide variety of nutrients that give these seeds antioxidant and anti-inflammatory properties. They are used to treat heart, hair, and skin-related diseases. The different moringa ingredients include moringa powder and moringa oil, which are used for various applications such as dietary supplements, cosmetics and personal care, pharmaceuticals, textiles and paper, and other applications. The global moringa ingredients market size is expected to grow from $6.61 billion in 2021 to $7.15 billion in 2022 at a compound annual growth rate (CAGR) of 8.31%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global moringa ingredient market is expected to reach $9.71 billion in 2026 at a CAGR of 8.00%. The shift of customer preferences towards plant-based foods is driving the growth of the moringa ingredient market. Plant-based foods such as moringa contain high levels of protein, minerals, and antioxidants. Consumers are increasingly preferring plant-based foods to improve overall health, weight management, and eat a healthier diet. For instance, according to data from the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI), the retail sales of plant-based foods in the US grew by 27% in 2020 over the previous year. Also, according to the 2021 Health & Wellness: Reimagining Well-being COVID-19 report, nearly 48% of consumers look for foods and drinks labelled plant-based. Thus, the change in customer preferences towards plant-based foods is driving the market growth of moringa ingredients. Strategic partnerships between market companies are a key trend that is gaining traction in the moringa ingredient market.Companies are focusing on strategic partnerships to expand their market size, to leverage their global presence and to gain a competitive advantage. For instance, in 2020, Griffith Foods, a US-based product development company involved in quality food ingredients, partnered with Kuli Kuli, a US-based moringa food business, to scale up the positive impact by bringing moringa powder across segments in the food industry, such as food service, protein processors, and snack processors. The companies KuliKuli and Giffith Foods are looking forward to bringing sustainable and healthy offerings to the food sector by introducing moringa powder to the wider food industry.  In January 2020, Isagenix International LLC, a USA-based global health and wellness company providing nutrition and lifestyle solutions, acquired Zija International for an undisclosed amount. The deal helps Isagenix to focus on producing high-quality moringa products and expand its portfolio to service clients across different industries. Zija International, Inc. is a US-based producer and distributor of moringa products.  Major players in the moringa ingredients market are Grenera, Kuli Kuli, Ancient Greenfields Pvt Ltd (AGF), Green Virgin Products LLC, Organic India Pvt. Ltd., Aayuritz Phytonutrients Pvt. Ltd, Moringa World, NTC Phytochem, Moringa Inc, New Direction Australia, Ayur Pty Ltd, Farmvilla Food Industries Private Limited and Dominate Industries Europe was the largest region in the moringa ingredient market in 2021. Asia-Pacific is expected to be the fastest-growing region in the moringa market during the forecast period. The regions covered in the global moringa ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the moringa ingredients market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. The global moringa ingredients market is segmented - 1) By Product Type: Moringa Seeds, Moringa Leaves, Moringa Fruits, Moringa Tea, Moringa Pod 2) By Form: Moringa Powder, Moringa Oil 3) By Application: Dietary Supplements, Cosmetics and Personal Care, Pharmaceuticals, Textiles and Paper, Others

The prepared flour mixes market consists of sales of mixed flours by entities (organizations, sole traders, and partnerships) that contain several ingredients such as functional ingredients, flours, starches and flavors. Prepared flour mixes are ready-made dry mixes that are used to produce gluten-free products. Prepared flour mixes are majorly used in the baking industry to enhance the flavor and texture of the products. The main types in the prepared flour mixes market are batter mixes, bread mixes, pastry mixes, and other types. Batter mixes are used in the application for single-stage, multi-stage, creaming, and blending. The different applications of prepared flour mixes includes household, bakery shops, food processing, and other applications. The global prepared flour mixes market size is expected to grow from $22.85 billion in 2021 to $24.45 billion in 2022 at a compound annual growth rate (CAGR) of 7.0%. The global prepared flour mix market size is expected to grow to $32.13 billion in 2026 at a CAGR of 7.1%. Increasing demand for ready-to-eat (RTE) food and processed products is expected to propel the growth of the prepared flour mixes market. Ready-to-eat products are used to prepare food easily and some of the products such as cereal, and baby foods use prepared flour mixes. People have been choosing ready-to-eat meals as they are convenient and companies are also expanding their opportunities in this market. For instance, according to the survey conducted in February 2021, in Malaysia by Food Research, a US-based Open Access journal, 52% of the respondents consumed RTE food two to four times a week, and around 44% of them consumed RTE food during lunch. Therefore, increasing demand for ready-to-eat food products is driving the growth of the prepared flour mixes market. The development of new products are a key trend gaining popularity in the prepared flour mixes market. Companies in the prepared flour mixes market are focusing on the manufacturing of healthy prepared flour mixes with more flavors. For instance, in November 2020, Bob’s Red Mill, a prepared flour mixes company based in the United States had expanded their portfolio to four Grain-Free Baking Mixes. These mixes are made with some organic ingredients such as coconut flour, cassava flour, and almond flour that are gluten-free and are easy to use. Using the prepared flour mixes they make the products such as chocolate cake, brownies, blueberry muffins, and flatbread. In April 2019, Orkla, a Norway based supplier of branded products prepared flour mixes had acquired Zeelandia for an undisclosed amount. With this acquisition, the Zealandia company name will be changed as Credit Sverige becoming a part of Orkla’s Credit Group. In the second quarter of 2019, Zeelandia is expected to consolidate their financial statements. Zeelandia is a prepared flour mixes-based company in the Netherlands. It produces prepared flour mixes for cakes, bread, muffins, and other bakery products. Major players in the prepared flour mixes market are Archer Daniels Midland Company (ADM), Puratos, Allied Mills, Nisshin Seifun Group, Puratos, Yihai Kerry, Nitto-Fuji International, Interflour, CJ Foods Milling Vietnam, Vinh Thuan, Prima Flour, Kerry, General Mills, AB Mauri, Orangerie, Chelsea Milling Company, Continental Mills, Conagra Brands, IREKS, Smucker, Nippon Flour Mills, McCormick, and Interflour. North America was the largest region in the prepared flour mixes market in 2021. Asia-Pacific was the second largest market in the global prepared flour market. The regions covered in the global prepared flour mixes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the prepared flour mixes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global prepared flour mixes market is segmented - 1) By Type: Batter Mixes, Bread Mixes, Pastry Mixes, Others 2) By Application: Household, Bakery Shop, Food Processing, Others

The meal kit market consists of the sales of meal kits by entities (organizations, sole traders, and partnerships) that prepare and deliver customised food ingredients, pre-cooked meals, half-cooked food products, and fresh ingredients to customers to further prepare their meals conveniently. Meal kits are an alternative to grocery shopping as they reduce trips to the grocery store, are affordable in nutrition, time, and cost-saving, and reduce food wastage. These are convenient and offer the opportunity to prepare foods at home in less time. The main types of meal kits are fresh food and processed food meal kits. The processed food meal kit is prepared by mechanical or chemical operations performed on the food to preserve it for a long time. Meal kits are available in a variety of distribution channels, including hypermarkets and supermarkets, convenience stores, specialty food stores, small grocery stores, online stores, and others, and are divided into vegetarian and non-vegetarian options. The global meal kit market size is expected to grow from $11.19 billion in 2021 to $13.50 billion in 2022 at a compound annual growth rate (CAGR) of 20.64%. The growth in the market mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global meal kits market size is expected to reach $23.23 billion in 2026 at a CAGR of 14.54%. The rising number of working professionals is contributing to the growth of the meal kit market. For instance, in August 2021, the U.S. Bureau of Labor Statistics reported a rise in total nonfarm payroll employment of 235,000 in August, and the unemployment rate declined by 0.2 percentage points to 8.4 million. Also, they reported that 74,000 job growth occurred in professional and business services, 53,000 in transportation and warehousing, 37,000 in manufacturing, and 37,000 in other services such as personal services, laundry services, and repair and maintenance services. Meal kits are convenient for busy working professionals who prefer to eat affordable, personalized, and ready-to-eat meals. The rising number of working professionals is driving the market for meal kits. Strategic partnerships and collaborations are a trend in the meal kit market. Major companies are making strategic partnerships with start-ups and mid-sized companies to maintain market share in the competitive market, broaden products and services, and enter into new geographies. For instance, in December 2020, Franklin Farms, a company that provides meatless meals to customers, entered into a new partnership with Purple Carrot, a plant-based meal kit company. The partnership will allow consumers to enjoy great-tasting meatless meals made with Franklin Farms’ tofu at home. In July 2021, Hello Fresh, a meal kit company, announced its partnership with Fenn Foods. Hello Fresh will be expanding its vegan offerings in Australia by utilising Fenn Foods’ carbon neutral-certified, plant-based mince as an ingredient in their "Chilli Cin Carne" recipe. In November 2020, HelloFresh, a meal-kit company, acquired Factor75 Inc. for a $277 million deal amount. The acquisition brings HelloFresh’s expansion into the competitive prepared meals business and market expertise in delivering fresh ingredients and ready-to-eat meals to customers across 14 countries. Factor75 is a US-based company that sells fully prepared meal kits with health-centric ingredients. Major players in the meal kit market are Hello Fresh, Blue Apron Holdings, Inc., Home Chef, Marley Spoon, Inc., Sun Basket, Gousto, Green Chef Corporation, Gobble, Inc., The Purple Carrot, Foodstirs, Inc., Freshly, Daily Harvest, Fresh Direct, Snap Kitchen, Veestro, EveryPlate, Sakara Life, Yumble, Hungryroot, Dinnerly, Ahold USA, PeachDish, Just Add Cooking, Relish Labs LLC, Fit Foods Club, Fresh Prep, Fuud Canada, Global Belly, Goodness Me, Quitoque, and Kroger Prepx. North America will be the largest region in the meal kit market in 2021. The regions covered in the global meal kit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the meal kit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global meal kit market is segmented - 1) By Type: Fresh Food, Processed Food 2) By Category: Vegetarian, Non-Vegetarian 3) By Distribution Channel: Hypermarket/Supermarket, Convenience Store, Specialty Food Stores, Small Grocery Stores, Online Stores, Others

The nutraceutical market consists of sales of nutraceutical products by entities (organizations, sole traders, and partnerships) that are classified as food, but they are also used for medical purposes. Nutraceuticals are specially designed consumable products from various food sources that contain a high concentration of bioactive compounds that have several nutritional, health, and medicinal benefits. Nutraceutical products and supplements can be taken by an individual along with a normal daily diet to get additional nutrients to promote good health and wellbeing. Nutraceutical products are used to improve health, prevent chronic diseases, increase life expectancy, and support the physical and mental health of an individual. They are also proven to have a potentially positive effect on health conditions like cardiovascular disease, hypertension, diabetes, inflammation, cancer, and others. The main types of nutraceuticals are vitamins and minerals, probiotics, proteins and peptides, omega fatty acids, and others. Vitamins and minerals are nutrients required for the body's daily functioning. Vitamins and minerals are added into food products to increase the nutritional value of food to improve the health of an individual and provide them with high immunity. These are classified according to their source, which can be plant, animal, or microbial. These nutraceutical products are used in various applications, such as functional food, functional beverages, dietary supplements, personal care, animal nutrition, and others. They have various product forms which are capsules, tablets, softgels, powder, liquids, and gummies. The various distribution channels through which nutraceuticals are available are: specialty stores, supermarkets and hypermarkets, convenience stores, drug stores and pharmacies, online retail stores, and other distribution channels. The global nutraceutical market size is expected to grow from $341.14 billion in 2021 to $370.98 billion in 2022 at a compound annual growth rate (CAGR) of 8.75%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global nutraceuticals market size is expected to reach $531.55 billion in 2026 at a CAGR of 9.41%. The rise in the geriatric population is significantly contributing to the growth of the nutraceutical market. Nutraceuticals are products that can be taken by an individual along with a normal daily diet to get additional nutrients to promote good health and immunity. After a certain age, especially after 65 years or above, an individual requires additional nutrients to build immunity to fight against a number of diseases like diabetes, cholesterol, blood pressure, and other ageing issues. Nutraceuticals are used as daily supplements to meet the daily requirements of nutrients. For instance, in 2020, according to the United Nations, there were approximately 727 million people aged 65 and above worldwide, and that number is expected to reach approximately 1.5 billion by 2050. Therefore, the rise in the geriatric population is driving the growth of the nutraceutical market. New product development is the key trend being followed by the companies operating in the nutraceutical market. This is due to the presence of a large number of nutraceutical companies operating in the market and their desire to extend their growth in new areas to be a leader in the market. For instance, in December 2021, Nestlé Health Science, a Switzerland-based nutrition company, developed a product named Reducose with the use of the plant-based ingredient mulberry leaf extract powder as an artificial sweetener for prediabetic patients, which helps to maintain a normal blood glucose response. The Reducose by Nestle Health Science has proven to have a positive effect on postprandial blood glucose levels by reducing them by 40%. It can be added to meals or drinks to sweeten them without altering the original taste and texture of the food. In November 2021, ADM, a US-based multinational food processing company, acquired Deerland Probiotics & Enzymes for an undisclosed amount. Through this acquisition, ADM aims to enhance its prebiotics, probiotics, and postbiotics supplement portfolio in customised food and beverage products to meet growing demands from consumers across the globe for a wide variety of dietary supplements, functional foods, beverages, and pet nutrition that enhance health and wellbeing. Deerland Probiotics & Enzymes, Inc. is a US-based dietary supplement manufacturing company. The company specialises in the development of science-backed solutions that benefit health using probiotic, prebiotic, and enzyme technology. Major players in the nutraceutical market are Cargill Incorporated., Abbott, ADM, BASF SE, Nestle, PepsiCo, General Mills, DuPont, DSM, Herbalife International of America Inc, Kellogg Co., Amway Corp., Innophos, W. R. Grace & Co.-Conn., and Bactolac Pharmaceutical Inc. In 2021, North America will be the largest region in the nutraceutical market. Asia-Pacific is expected to be the fastest-growing region in the forecast period in the global nutraceuticals market. The regions covered in the global nutraceutical market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States are among the countries covered in the nutraceuticals market report. The global nutraceuticals market is segmented - 1) By Type: Vitamins and Minerals, Probiotics, Proteins and Peptides, Omega Fatty Acids, Others 2) By Source: Plant, Animal, Microbial 3) By Application: Functional Food, Functional Beverages, Dietary Supplements, Personal Care, Animal Nutrition, Others 4) By Product Form: Capsules, Tablets, Softgels, Powder, Liquid, Gummies 5) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacies, Online Retail Stores, Others

The alcoholic beverages market consists of sales of alcoholic beverages by entities (organizations, sole traders, and partnerships) that produce alcoholic beverages through the fermentation process and that produce distilled alcoholic beverages. The companies in the alcoholic beverages industry process raw materials into alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments. The main type of alcoholic beverages into beer, wine and brandy, and spirits. Beer is an alcoholic beverage produced by extracting raw materials with water, boiling (usually with hops), and fermenting. The products are made available through off-trade channels, and on-trade channels. The various categories are mass, and premium. The global alcoholic beverages market size is expected to grow from $508.87 billion in 2021 to $560.04 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The alcoholic beverage market is expected to grow to $802.02 billion in 2026 at a CAGR of 9.4%. The world population is growing and is expected to reach 10 billion by 2050. An increase in population creates more demand for alcoholic beverages. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for an alcoholic beverages products due to the rising population, during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the alcoholic beverages market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the alcoholic beverages market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Alcoholic beverage manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences. Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories. They are prepared by using unique flavor combinations, ingredients, and production methods from multiple drinks. For example, producing spirits or beers in a wine barrel to give them a distinct taste. Hybrid beverages are particularly evident in the spirit category, with products such as beer mixed with rum and tea mixed with vodka. Some of the popular hybrid beverages in the market include Malibu Red (rum and tequila), Kahlua Midnight (rum and Kahlua), and Absolut Tune (vodka and sparkling wine). Major companies in the alcoholic beverages market include Anheuser-Busch InBev sa/nv, Heineken N.V., Diageo plc, Asahi Group Holdings Ltd, The Molson Coors Brewing Company, kirin holdings co ltd, Constellation Brands, Pernod Ricard, Carlsberg Breweries Group, Thai Beverage public co. Asia Pacific was the largest region in the alcoholic beverages market in 2021. Western Europe was the second-largest region in the alcoholic drinks market. The regions covered in the alcohol market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alcoholic beverages market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global alcoholic beverages market is segmented - 1) By Type: Beer, Wine and Brandy, Spirits 2) By Distribution Channel: Off-Trade Channels, On-Trade Channels 3) By Category: Mass, Premium Subsegments Covered: Ales, Lagers, Stouts and Porters, Malts, Wine, Brandy, Whiskey, Vodka, Rum, Tequila, Gin, Other Spirits