Deven3042

Desiccated Coconut Market Size, Share, and Forecast by 2032

The global desiccated coconut market was valued at USD 1,297.55 million in 2024 and is expected to grow from USD 1,422.68 million in 2025 to USD 2,781.38 million by 2032, reflecting a CAGR of 10.05% during the forecast period. Asia Pacific dominated the market in 2024, accounting for 38.76% of the global share. Desiccated coconut is a form of dehydrated and finely grated coconut kernel derived from the white flesh of the fruit after removing the brown testa or outer skin. Its wide-ranging applications in bakery, confectionery, snacks, and beverages have significantly boosted global demand. The product’s high nutritional value, extended shelf life, and low moisture content make it a preferred choice across both industrial food processing and household segments. Some of the major companies operating in the global market include Goldman International Pvt. Ltd, Super Coco Company, Holland & Barrett, Primex Coco Products Inc., and Pacific Eastern Coconut Utama.

Information Source: https://www.fortunebusinessinsights.com/desiccated-coconut-market-113819

Market Trends Rising Popularity of Vegan and Plant-Based Diets Driving Demand The global rise in veganism and plant-based food consumption has become a major catalyst for desiccated coconut market growth. Consumers across regions such as North America and Europe are increasingly shifting toward animal-free food alternatives for ethical, environmental, and health reasons. Desiccated coconut naturally aligns with this shift, serving as a nutrient-rich, allergen-free, and plant-based ingredient suitable for vegan food formulations. Its use in dairy alternatives, baked products, and functional foods continues to expand as consumers seek healthier, sustainable, and cruelty-free food options. This growing adoption of vegan lifestyles is anticipated to sustain strong demand for desiccated coconut over the coming years.

Segmentation Analysis The global market is segmented by nature into organic and conventional, with the conventional category expected to dominate due to its lower cost and greater availability. Based on form, the market includes powder, flakes, and chips, among which the powder segment leads owing to its fine texture and ease of incorporation in food processing. By application, the market is divided into bakery, confectionery, dairy products, frozen desserts, and others, with the bakery segment holding the largest share as a result of its growing use in improving product texture and flavor.

Regional Insights The global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific: The region dominates the global market as a major producer and exporter of desiccated coconut. The Philippines, Indonesia, and India account for the majority of global supply. According to the International Coconut Community, the Philippines exported 41,854 metric tons of desiccated coconut in 2024, marking a 20.8% year-over-year increase from 2023. Europe: Europe remains the largest importer of desiccated coconut globally. Data from the Centre for the Promotion of Imports from Developing Countries (CBI) shows that European imports reached 121,000 tons in 2022, reflecting rising demand for plant-based and natural ingredients across food and beverage industries. North America: The U.S. market continues to expand as desiccated coconut gains traction across multiple food categories. According to the Good Food Institute, U.S. plant-based food sales increased from USD 8 billion in 2022 to USD 8.1 billion in 2023, signaling strong demand for coconut-based alternatives. South America and the Middle East & Africa: These regions are witnessing emerging demand due to growing awareness of vegan diets, expanding bakery industries, and an increasing preference for tropical ingredients in food manufacturing.

Key Companies Profiled Goldman International Pvt. Ltd (India) Super Coco Company (India) Holland & Barrett (U.K.) Primex Coco Products Inc. (Philippines) CBL Natural Foods (Sri Lanka) S & P Industries SDN. BHD (Malaysia) Pacific Eastern Coconut Utama (Indonesia) VIET DELTA Corporation (Vietnam) Silvermill Group (Sri Lanka) Ken Taste Products Limited (Kenya)

Key Industry Developments June 2025: PT Resources Holdings Bhd, a major seafood processing and trading firm, invested USD 2.36 million to establish a coconut processing facility at the China-Indonesia Food Industrial Park in Fuqing, China. The plant aims to produce value-added products such as desiccated coconut, frozen coconut water, and coconut milk, among others.

Report Coverage This report provides a detailed analysis of the global desiccated coconut market, offering insights into market size, segmentation, trends, and regional developments. It highlights key growth drivers, competitive dynamics, mergers and acquisitions, and product innovations shaping the market. The study also includes profiles of leading companies and a comprehensive overview of the competitive landscape influencing the future trajectory of the desiccated coconut industry.

India Foodservice Market Size, Share, Growth Analysis and Forecast to 2032

The India foodservice market was valued at USD 103.52 billion in 2024 and is projected to expand from USD 114.40 billion in 2025 to USD 230.63 billion by 2032, registering a CAGR of 10.53% during the forecast period.

India’s foodservice industry has experienced rapid growth in recent years, primarily driven by the rise of cloud kitchens, higher disposable incomes, and an evolving dining culture. As disposable income levels continue to increase, consumers are spending more on eating out and ordering ready-to-eat meals, fostering significant transformation within the country’s foodservice landscape. Additionally, the growing preference for convenient, time-saving meal options and the expanding dine-out culture are further contributing to market growth.

Information Source: https://www.fortunebusinessinsights.com/india-foodservice-market-114008

Market Trends Rising Popularity of Cloud Kitchens Reshaping the Industry One of the most prominent trends in the Indian foodservice market is the surge in cloud kitchens—delivery-only restaurants that operate without physical dine-in spaces. This model has gained traction due to low operational costs, high scalability, and increased online food ordering.

The trend was accelerated by the COVID-19 pandemic, which encouraged foodservice operators to shift towards delivery-centric models. Cloud kitchens not only reduce overhead expenses but also streamline operations and logistics, leading to improved profitability. Furthermore, the integration of robotics and artificial intelligence in kitchen management is enhancing operational efficiency and enabling faster, more consistent service.

Segmentation Analysis The global foodservice market is categorized by type into full-service restaurants, quick-service restaurants, institutes, and others. Based on service type, it is divided into dine-in, takeout, and delivery segments. Furthermore, the market is classified by restaurant type into chained and independent establishments. Among countries, India stands out as one of the fastest-growing markets in the global foodservice industry, driven by increasing consumer expenditure and accelerated urbanization, which continue to support the sector’s strong expansion.

Growth Factors Increasing Disposable Income Fuels Market Expansion Rising disposable incomes across India have become a key catalyst for market growth. As consumers’ earning potential improves, spending on cafes, restaurants, and fast-food outlets continues to surge. The shift toward convenience-driven lifestyles and urban work cultures has amplified demand for ready-to-eat and pre-prepared meals. In addition, higher income levels have supported the rapid growth of online food delivery platforms, allowing customers to easily access a wide range of cuisines and restaurant options from the comfort of their homes or workplaces.

Key Companies Profiled Barbeque Nation Hospitality Limited (India) Café Coffee Day (India) Haldirams Snacks Food Pvt. Ltd. (India) Jubilant FoodWorks (India) Rebel Foods (India) Bikanervala (India) Wow! Momo (India)

Key Industry Developments August 2025: Bayroute, a renowned Middle Eastern foodservice brand, announced the opening of a new outlet in Ghatkopar, Mumbai, as part of its expansion strategy in India.

Report Coverage This report delivers a comprehensive analysis of the India foodservice market, encompassing market size, segmentation, and forecast data. It highlights major industry trends, market dynamics, mergers and acquisitions, and key growth drivers influencing market performance. The report also examines the expansion of food chain outlets, increasing consumer expenditure, and the impact of technological innovation on the country’s evolving foodservice sector.

Non-Dairy Cheese Market Size, Share, Growth Forecast to 2032

The global non-dairy cheese market was valued at USD 1,882.48 million in 2024 and is projected to expand from USD 2,149.77 million in 2025 to USD 5,492.57 million by 2032, registering a CAGR of 14.34% during the forecast period. North America led the global market with a 40.43% share in 2024.

Non-dairy cheese—often referred to as vegan cheese, plant-based cheese, cheese substitute, or cruelty-free cheese—has gained substantial traction among consumers worldwide. Its increasing popularity is largely driven by the growing shift toward sustainable, animal-free, and environmentally responsible food alternatives. The market’s growth trajectory is supported by the introduction of innovative non-dairy cheese products, such as slices and shreds, by leading brands including Flora Food Group B.V., Miyoko’s Creamery, Daiya Foods, Bel Brands USA, and KiteHill.

Information Source: https://www.fortunebusinessinsights.com/non-dairy-cheese-market-113878

Market Drivers Rising Lactose Intolerance and Ethical Eating Trends Boost Market Demand A considerable portion of the global population suffers from lactose intolerance, restricting their consumption of dairy-based foods. According to data from the National Institutes of Health (NIH), approximately 68% of people globally experience lactose malabsorption. This widespread intolerance, coupled with increasing ethical awareness regarding animal welfare, is significantly propelling the adoption of vegan and non-dairy cheese alternatives.

Market Trends Evolving Consumer Preferences Encourage Industry Innovation The non-dairy cheese industry is undergoing rapid transformation, fueled by shifting consumer behavior and an escalating demand for plant-based food options. Manufacturers are broadening their product portfolios to include a diverse range of flavors, textures, and cheese types, including aged and artisanal varieties. For instance, in January 2025, RIND, a Brooklyn-based company, introduced ALPINE SVVISS, a cashew-based artisanal vegan cheese that is cholesterol-free, certified Kosher Pareve, and gluten-free—reflecting the market’s ongoing innovation in formulation and functionality.

Segmentation Analysis By source, soy-based cheese dominates the market due to its mild flavor and high protein content, while almond, cashew, and other plant-based options are gaining popularity for their creamy texture and nutritional value. Based on product type, mozzarella leads the segment, driven by its extensive use in pizzas and other ready-to-eat meals, while cheddar, parmesan, and other varieties are increasingly favored by consumers seeking authentic taste and texture in vegan alternatives. In terms of end use, the household segment holds the largest share, supported by the easy availability and convenience of non-dairy cheese in retail outlets, whereas the foodservice sector is witnessing steady growth as restaurants, cafes, and fast-food chains expand their plant-based offerings.

Regional Insights The global vegan cheese market is segmented across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America leads the market, driven by growing consumer adoption of plant-based diets and a diverse range of dairy-free alternatives. Asia Pacific is witnessing rapid growth fueled by urbanization, increasing health awareness, and the rising popularity of vegetarian and clean-label products. In Europe, steady expansion continues as retailers and manufacturers introduce innovative vegan cheese varieties, with supermarkets in major economies reporting consistent sales growth. South America, led by Brazil and Argentina, shows strong demand from health-conscious consumers adapting to new dietary habits. Meanwhile, the Middle East & Africa region benefits from the growing popularity of flexitarian and sustainable foods, along with an expanding food and beverage industry in the UAE, Saudi Arabia, and South Africa.

Key Companies Profiled Flora Food Group B.V. (Netherlands) Miyoko’s Creamery (U.S.) The Paleo Running Momma (U.S.) KiteHill (U.S.) Daiya Foods (Canada) Bel Brands USA (U.S.) Epic Cheese (New Zealand) Nuts For Cheese (U.K.) Bute Island Foods Ltd. (U.K.) La Fauxmagerie (U.K.)

Key Industry Developments January 2025: Julienne Bruno, a producer of plant-based dairy alternatives, introduced vegan mozzarella pearls, expanding its range of premium non-dairy cheese products.

Report Coverage This report offers a comprehensive assessment of the global non-dairy cheese market, covering market size, segmentation, and growth forecasts. It includes insights into key regional markets, industry dynamics, technological advancements, partnerships, product launches, mergers, and acquisitions. Furthermore, it profiles major market players and evaluates their strategic developments, providing an in-depth view of the competitive landscape shaping the global non-dairy cheese industry.

Personalized Nutrition Industry Size, Share, and Growth Forecast to 2032

The global personalized nutrition market was valued at USD 11.88 billion in 2023 and is projected to increase from USD 13.45 billion in 2024 to approximately USD 46.87 billion by 2032, expanding at a CAGR of 16.84% during the forecast period. North America held the dominant position in 2023, accounting for 35.77% of the overall market share.

Personalized nutrition refers to the customization of dietary supplements and nutrition plans according to an individual’s genetic makeup, lifestyle habits, and biochemical data. Ongoing advancements in supplement formulation and testing technologies are transforming this market landscape. Increasing disposable income, rising expenditure on health and wellness products, and a heightened awareness of condition-specific nutrition are fueling market growth. Moreover, new entrants, product innovations, and strategic mergers and acquisitions are expected to further stimulate expansion throughout the forecast period.

Information Source: https://www.fortunebusinessinsights.com/personalized-nutrition-market-106054

Market Segmentation The personalized supplements market is segmented by form, application, product type, end user, and distribution channel. Capsules currently dominate the market due to their convenience, portability, and cost-effectiveness. In terms of application, standard supplements hold the leading share, driven by rising consumer interest in products that boost energy, immunity, and cognitive health. By product type, the active measurement method segment leads the market, offering greater precision and reliability in assessing individual nutritional requirements, which appeals strongly to health-conscious consumers. Among end users, adults form the largest segment, reflecting increasing awareness of health and wellness and a growing focus on personalized fitness solutions. Regarding distribution channels, the market encompasses wellness and fitness centers, direct-to-consumer platforms, hospitals, and others, with wellness and fitness centers expected to experience the fastest growth due to endorsements from fitness experts and their growing appeal among young, health-oriented consumers.

Geographical Overview The global personalized nutrition market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Highlights This report provides a comprehensive analysis of the personalized nutrition industry, covering segmentation by form, product type, application, end-user, distribution channel, and region. It also examines the competitive environment, key strategic developments, and emerging market opportunities influencing overall growth.

Market Drivers and Challenges Government Support Driving Industry Growth Government initiatives are expected to play a vital role in stimulating market development. Financial incentives for startups and pilot programs are creating new business opportunities. For instance, in July 2021, South Korea’s Ministry of Food and Drug Safety launched the Sandbox Project to promote innovative retail models for personalized nutrition products.

Regulatory Uncertainty as a Barrier Despite the positive momentum, the absence of standardized regulatory frameworks may hinder market expansion by creating inconsistencies in product approval and compliance processes.

Regional Insights North America – Leading Through Investment and Technological Advancement North America continues to dominate the market, supported by strong R&D investments, a robust supplement manufacturing base, and frequent product innovations. In 2023, the regional market reached a valuation of USD 4.25 billion. Asia Pacific – Fastest-Growing Regional Market The Asia Pacific region is expected to record the highest growth rate over the forecast period, driven by rising health consciousness, increasing disposable incomes, and growing adoption of wellness-oriented lifestyles. The emergence of innovative startups across countries like Japan, China, and India further enhances regional prospects.

Competitive Landscape The global personalized nutrition market is moderately competitive, featuring both established corporations and emerging firms. Leading companies are focusing on innovation, product diversification, partnerships, and geographic expansion to strengthen their market presence and attract a broader consumer base.

Key Companies Profiled: Amway (U.S.) Herbalife International of America, Inc. (U.S.) DSM SE (Netherlands) Metagenics (U.S.) Nestlé Health Science (Switzerland) Viome Life Sciences, Inc. (U.S.) Bayer AG (Germany) Harbin Pharmaceutical Group Co., Ltd. (GNC Holdings Inc.) (U.S.) DNAFit (U.K.) Zoe Nutrition Private Limited (India)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/personalized-nutrition-market-106054

Recent Industry Development November 2022: Viome Life Sciences, Inc. acquired Naring Health, along with its subsidiaries Foodome and DiscernDX, strengthening its technological capabilities and expanding its portfolio in personalized nutrition solutions.

Edible Animal Fat Market Size, Share, Growth Analysis and Forecast to 2032

The global edible animal fat market was valued at USD 51.10 billion in 2023 and is projected to rise from USD 53.78 billion in 2024 to USD 75.92 billion by 2032, exhibiting a CAGR of 4.40% during the forecast period. Asia Pacific led the market in 2023, capturing a 30.53% share, while the U.S. market is expected to grow significantly, reaching an estimated USD 19.86 billion by 2032, fueled by increasing demand from food processing and food service industries.

The COVID-19 pandemic had a noticeable impact on the market, with demand falling below pre-pandemic expectations due to disruptions in food production and distribution channels.

Market Dynamics Key Growth Drivers: The expansion of the edible animal fat market is largely driven by the growing use of animal-derived fats in food preparation across the foodservice sector. These fats are valued for enhancing the flavor, aroma, and texture of food. Their versatility in frying, baking, and sautéing applications makes them a staple ingredient in restaurants and quick-service chains for preparing crispy, flavorful dishes. Additionally, edible animal fats play a significant role in animal nutrition, being used in feed formulations to enhance energy content and overall nutritional value.

Information Source: https://www.fortunebusinessinsights.com/edible-animal-fat-market-105143

Market Trends Adoption of Western Diets Driving Market Expansion Countries such as China, India, and Indonesia are witnessing changing dietary preferences due to rising disposable incomes and industrialization. The growing inclination toward processed foods, bakery items, and fast-food products has led to an uptick in animal fat consumption. Fast-food chains in these nations are increasingly blending local culinary styles with Western-inspired menus, further boosting edible fat demand. In particular, lard—a traditional cooking ingredient in China—continues to be widely used in both home and commercial kitchens. As a result, the growing popularity of Western dietary habits, combined with higher income levels, is significantly supporting the consumption of edible animal fats across the Asia Pacific region.

Segmentation Insights The animal fats market is categorized by type, source, and application, with butter leading the type segment due to its widespread use in food processing and bakery products. By source, the market includes cattle, pigs, and others, where the cattle segment dominates, driven by strong demand for butter and tallow derived from cattle fat. In terms of application, the food industry holds the largest share, supported by the extensive use of animal fats in cooking, baking, and frying across households, restaurants, and commercial food manufacturing sectors.

Regional Insights Asia Pacific, valued at USD 13.92 billion in 2021, remains one of the largest markets for edible animal fats, driven by high butter and lard consumption and increasing demand from developing economies. North America continues to be a key consumer region, particularly for butter and lard, supported by the growing popularity of traditional cooking fats and premium bakery products. In Europe, demand varies across nations, with Germany, Russia, the U.K., and Belgium emerging as leading consumers of tallow and butter, especially within the bakery and foodservice sectors. Meanwhile, South America, led by Brazil, plays a significant role as both a major producer and consumer of rendered meat products, with the extensive use of butter and lard in regional cuisines further propelling market growth.

Competitive Landscape The global market is moderately fragmented, with key players focusing on product diversification, sustainable sourcing, and expansion of processing capabilities to strengthen their presence.

Leading Companies Include: Ten Kate Vetten B.V. (Netherlands) Sanimax (Canada) Hubberts Industries (Canada) Cargill, Incorporated (U.S.) Sonac (Darling Ingredients Inc.) (U.S.) Bunge Limited (U.S.) York Foods Pty Ltd. (Australia) Leo Group Ltd. (U.K.) Boyer Valley Company, LLC (The Lauridsen Group) (U.S.) Coast Packing Company (U.S.)

Recent Development October 2023: iD Fresh Food (India) introduced the iD Twist and Spread Butterstick, a new butter product designed for convenience and easy storage, launched across key Indian markets.

Report Coverage This report offers a comprehensive analysis of the global edible animal fat market, covering key segments such as type, source, and application. It provides insights into current market trends, competitive strategies, and recent industry developments, along with factors contributing to the market’s sustained growth over the forecast period.

Herbal Medicine Industry Size, Share, Growth Analysis and Forecast to 2032

The global herbal medicine industry generated revenues of USD 233.08 billion in 2024 and is projected to increase from USD 251.25 billion in 2025 to approximately USD 437 billion by 2032, expanding at a CAGR of 8.23% during the forecast period. Europe held the leading position with 44.55% of global revenue in 2024, while the U.S. herbal medicine market is expected to reach USD 37.90 billion by 2032, fueled by the rising preference for natural health alternatives and environmentally sustainable lifestyles.

Herbal medicines are formulations derived from plant sources—such as roots, stems, leaves, flowers, and seeds—used for both therapeutic and preventive healthcare purposes. Popular botanicals include ginkgo, ginseng, turmeric, chamomile, and ginger. Historically, herbal remedies have been central to traditional healthcare systems across various cultures, addressing a broad range of human and animal health needs.

The growing prevalence of lifestyle-related ailments, caused by poor dietary habits and sedentary lifestyles, is driving consumers toward plant-based alternatives. Health issues such as obesity, cardiovascular disease, and stress disorders have heightened the demand for herbal solutions. According to the World Health Organization (WHO), around 80% of the global population relies on traditional healers and herbal medicines, as these products are often considered safer and less likely to cause major side effects.

Information Source:https://www.fortunebusinessinsights.com/herbal-medicine-market-106320

Impact of COVID-19 The COVID-19 pandemic, declared a global health emergency by the WHO in March 2020, significantly disrupted pharmaceutical and healthcare operations worldwide. Shortages of conventional medicines and supply chain disruptions affected hospitals and pharmacies alike. Research published in the DARU Journal of Pharmaceutical Sciences reported that between January and mid-2020, hospital demand for essential medicines such as sedatives, respiratory drugs, and analgesics rose by 100–700%, underscoring the growing importance of reliable and natural therapeutic alternatives like herbal medicines.

Market Segmentation The pharmaceutical and nutraceutical industries are major contributors to the herbal medicine market, driven by the increasing integration of botanical compounds into dietary supplements and alternative therapies. Among product forms, tablets and capsules dominate due to ease of use, accurate dosing, and broad retail availability.

The market is geographically divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Highlights The report includes: In-depth segmentation analysis and investment opportunities Regional performance insights and emerging market trends Strategic initiatives such as mergers, acquisitions, partnerships, and product launches Evaluation of COVID-19’s influence on supply chains and consumer demand

Market Drivers and Challenges Growing Demand for Natural Ingredients in Cosmetics: The cosmetics and personal care sectors are increasingly utilizing herbal and botanical extracts in product formulations. With consumers shifting away from chemical-based ingredients, the demand for natural skincare and haircare solutions is surging. This trend presents lucrative growth opportunities for global herbal ingredient manufacturers and suppliers.

Regional Insights Europe continues to lead the global herbal medicine market, supported by its robust cosmetics industry and the rising incorporation of herbal ingredients in wellness and personal care products. North America, led by the U.S., is experiencing substantial growth driven by heightened consumer awareness of product safety, the preference for organic remedies, and a growing focus on preventive healthcare. Asia Pacific and Latin America are emerging as fast-growing regions due to increasing disposable incomes, rapid expansion of the cosmetics sector, and greater digital literacy that improves consumer understanding of herbal product benefits.

Competitive Landscape The herbal medicine market is moderately fragmented, with leading players focusing on product innovation, portfolio diversification, and strategic alliances to strengthen their market presence. Companies are pursuing new product launches and merger & acquisition activities to expand globally and meet evolving consumer demands.

Key Companies in the Market: Cultivator Natural Products Pvt. Ltd. (India) 21ST Century HealthCare, Inc. (U.S.) Herbalife Nutrition (U.S.) ZeinPharma Germany GmbH (Germany) Blackmores Limited (Australia) Himalaya Global Holdings Ltd. (India) Nutraceutical Corporation (U.S.) Emami Limited (India) Nature’s Answer, LLC (U.S.) Patanjali Ayurved Limited (India)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/herbal-medicine-market-106320

Recent Industry Development March 2021: Lotus Herbals, a prominent Indian beauty and personal care company, introduced Lotus Botanicals, a new skincare and haircare range made with natural herbal ingredients. The products are available through the company’s official online store and leading e-commerce platforms.

Ammonia Market Size, Share, and Forecast by 2028

The global ammonia market was valued at USD 67.01 billion in 2020 and is expected to expand from USD 71.98 billion in 2021 to USD 110.93 billion by 2028, reflecting a CAGR of 6.4% during the forecast period. Asia Pacific led the global market with a 40.9% share in 2020. The sharp rise in growth rate is mainly attributed to the recovery in demand following the pandemic’s disruptions. In the United States, the ammonia market is projected to reach USD 9.12 billion by 2028, fueled by strong consumption across the agricultural and industrial refrigeration sectors.

The COVID-19 pandemic had a notable negative impact on the ammonia industry, leading to a 16.8% decline in global demand in 2020 compared to the average growth observed between 2017 and 2019.

Approximately 80% of ammonia (NH₃) produced worldwide is utilized in agriculture, primarily as fertilizer, to sustain global food production. Beyond fertilizers, ammonia is used as a refrigerant gas and a raw material in the manufacturing of textiles, plastics, pharmaceuticals, dyes, and pesticides. It also plays a crucial role in wastewater treatment, rubber, pulp & paper, and food & beverage industries—serving as a neutralizer, stabilizer, and nitrogen source. The growing use of ammonia, particularly in fertilizer applications, continues to drive the overall market expansion.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/ammonia-market-101716

Ammonia Market Trends Ammonia, a key input in fertilizer production, is primarily synthesized using nitrogen and hydrogen via the Haber-Bosch process. However, the conventional fossil-fuel-based production method accounts for roughly 1.8% of global CO₂ emissions. Researchers from the University of Illinois at Chicago and the University of Minnesota have been exploring an electrolysis-based process that requires a similar amount of energy as traditional methods but significantly reduces emissions—producing an estimated 2.8 tons of CO₂ per ton of NH₃.

When powered by renewable energy, this electrolysis process can achieve zero-carbon output. Additionally, efforts to source nitrogen directly from the air, rather than purified nitrogen gas, could further reduce greenhouse gas emissions by eliminating the purification and bottling stages.

The industry is also witnessing a surge in green ammonia initiatives. Companies are investing in low- and zero-carbon technologies to align with global sustainability targets. Green hydrogen and ammonia are expected to play a vital role in achieving net-zero carbon emissions by 2050, with experts projecting hydrogen to meet around 20% of global energy demand by that time.

For instance, in October 2020, CF Industries announced its commitment to producing low-carbon ammonia through a carbon-free process, partnering with Haldor Topsoe and ThyssenKrupp. The company is also engaging with international utility and maritime partners to promote ammonia as a sustainable fuel source.

Segmentation Analysis The global ammonia market is segmented by application into fertilizers, textiles, refrigerant gases, pharmaceuticals, household and industrial cleaning, and others. The fertilizer segment dominated the market in 2020 and is projected to retain its leading position, as ammonia is a key ingredient in ammonium nitrate fertilizers that provide nitrogen—an essential nutrient for crop and plant growth. In household and industrial cleaning, ammonium hydroxide, commonly referred to as household ammonia, is extensively used in cleaning agents and disinfectants. Additionally, ammonia is widely utilized as a cost-effective and efficient refrigerant in industrial applications due to its excellent thermodynamic properties.

Regional Insights The Asia Pacific region dominated the global ammonia market, valued at USD 27.41 billion in 2020, and is projected to maintain its leadership throughout the forecast period. China remains a key driver, being the world’s largest fertilizer producer and consumer, with government initiatives promoting phosphate fertilizer production to enhance agricultural yields. In India, agriculture continues to be a vital economic pillar, contributing about 17% to the Gross Value Added (GVA) and employing more than half of the population. The country ranks third globally in food grain production—after China and the U.S.—fueled by agricultural expansion despite modest crop productivity. In Europe, the ammonia market is anticipated to grow steadily, with production primarily dependent on natural gas feedstock and steam methane reforming (SMR) technology. North America, led by the U.S., witnessed rising ammonia demand in 2020, driven by the agriculture and industrial sectors. Meanwhile, the Middle East remains one of the leading nitrogen fertilizer producers, with Saudi Arabia, Iran, and Qatar dominating urea and ammonia production and exporting over 3 million tons annually to key markets such as China, South Korea, India, and Taiwan.

Key Companies Profiled Yara International ASA (Norway) BASF SE (Germany) CF Industries Holdings, Inc. (U.S.) Nutrien Ltd. (Canada) SABIC (Saudi Arabia) Qatar Petroleum (Qatar) EuroChem Group (Switzerland) Koch Fertilizer, LLC (U.S.) Praxair Technology, Inc. (U.S.) China National Petroleum Corporation (China) Rashtriya Chemicals and Fertilizers Limited (India) Other Key Players

Key Industry Developments May 2021: Mitsui O.S.K. Lines (Japan) announced its return to the ammonia shipping business after five years. The company also revealed its participation in a joint development study focused on establishing an ammonia fuel supply chain.

Report Coverage The global ammonia market report offers comprehensive qualitative and quantitative insights, focusing on leading companies, applications, and regional trends. It also provides an in-depth analysis of historical data, forecast growth, and emerging market dynamics. The report examines key drivers, challenges, industry opportunities, and recent strategic developments such as partnerships, mergers, and technological innovations contributing to market expansion.

Protein Bar Market Size, Share, Growth Insights and Forecast to 2029

The global protein bar market was valued at USD 4.54 billion in 2021 and is projected to expand from USD 4.68 billion in 2022 to USD 7.07 billion by 2029, registering a CAGR of 6.1% during the forecast period. In the United States, the market is anticipated to reach USD 3.62 billion by 2032, driven by an increasing focus on health improvement and the incorporation of high-protein diets. North America led the global market in 2021, accounting for 57.49% of the total share.

Protein or nutrition bars are convenient food products formulated to supply the body with essential proteins and nutrients. The growing inclination toward ready-to-eat (RTE) and meal replacement foods has boosted their consumption. Rising consumer awareness about the health advantages of protein bars—such as aiding tissue repair, managing appetite, reducing blood pressure, and supporting weight management—has accelerated global demand. Additionally, the increasing preference for on-the-go and convenient snacks is further propelling market growth as consumers continue to adopt busier lifestyles.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/protein-bar-market-100805

Protein Bar Market Trends The demand for healthy, protein-rich snacks is growing rapidly as consumers seek natural, flavorful, and easily accessible alternatives. Manufacturers are investing in advanced processing techniques to reduce lactose content and create products suitable for lactose-intolerant individuals. Product innovation remains a key growth driver, with companies developing sustainable, next-generation protein sources.

For example, in May 2021, ODD FUTURE Co., Ltd. (Japan) introduced cricket protein bars in chocolate and matcha flavors. The brand emphasizes eco-friendly and health-conscious principles, offering gluten-free, dairy-free, and non-GMO products. Such innovations, particularly those utilizing novel protein ingredients and reduced-sugar formulations, are expected to open new growth avenues for market players.

Market Segmentation Plant-based protein bars are expected to dominate the market, driven by the growing population of vegetarians and health-conscious consumers seeking natural and nutritious options made from fruits, seeds, and nut butter, which offer high nutritional value and health benefits. Among product types, sports nutrition bars are anticipated to lead the segment due to their rich protein content and essential nutrients that aid in physical performance enhancement and muscle recovery. In terms of distribution channels, online sales are projected to gain significant traction, supported by the expanding presence of major e-commerce platforms such as Amazon.com, Puritan’s Pride Inc., NuGo Nutrition, and Nature’s Basket Co., which provide consumers with easy access to a wide range of products and convenient purchasing options globally.

Regional Insights The global protein bar market is segmented into North America, Europe, Asia Pacific, South America, the Middle East, and Africa. North America continues to lead the market, supported by a growing number of fitness enthusiasts, increasing gym memberships, and the expansion of health club networks, along with a heightened focus on balanced nutrition and protein-rich diets. Europe is projected to experience notable growth, driven by the expanding working-class population seeking convenient and nutritious snack options that fit busy lifestyles. Meanwhile, Asia Pacific is emerging as the fastest-growing region, propelled by the development of retail infrastructure, the rise of modern trade channels, and increasing consumer awareness about the benefits of nutritional food products in emerging economies.

Report Coverage The report provides both quantitative and qualitative insights into the protein bar market, including market size, growth rate, segmentation, and share analysis. It further includes evaluations of competitive dynamics, company profiles, supply chain structures, and key industry trends such as mergers, acquisitions, and product launches.

Key Companies Profiled General Mills Inc. (U.S.) The Simply Good Foods Company (U.S.) The Kellogg Company (U.S.) Clif Bar & Company (U.S.) Glanbia Plc. (Ireland) GNC Holdings Inc. (U.S.) Mars, Incorporated (U.S.) Mondelez International (U.S.) Post Holdings Inc. (U.S.) Amway Corp. (U.S.) The Bountiful Company (U.S.)

Key Industry Developments August 2021: Think! (a brand of Glanbia Nutrition) expanded its keto protein bar lineup with two new flavors — Chocolate Mousse Pie and Chocolate Peanut Butter Cookie Dough. June 2021: RXBAR, a subsidiary of The Kellogg Company, introduced its first plant-based protein bar, featuring 10 grams of protein sourced from pea and almond proteins as an alternative to its signature egg white base.

Herbal Medicine Market Revenue Size, Share, Report Analysis by 2032

The global herbal medicine market revenue was valued at USD 233.08 billion in 2024 and is expected to expand from USD 251.25 billion in 2025 to USD 437 billion by 2032, reflecting a CAGR of 8.23% throughout the forecast period. Europe led the global market with a 44.55% share in 2024, while the U.S. herbal medicine market is anticipated to reach USD 37.90 billion by 2032, driven by increasing consumer inclination toward natural health solutions and environmentally friendly lifestyles.

Herbal medicines are plant-derived formulations sourced from various parts such as roots, leaves, stems, flowers, and seeds, used for therapeutic and preventive purposes. Commonly utilized herbs include gingko, ginseng, turmeric, chamomile, and ginger. Historically, many cultures have relied on these botanicals to address human and animal health concerns, forming a vital part of traditional healthcare systems.

The rising incidence of lifestyle-related disorders—linked to increased consumption of processed foods and sedentary habits—has shifted consumer preferences toward herbal alternatives. Conditions such as obesity, cardiovascular diseases, and stress-related ailments have amplified interest in natural remedies. According to the World Health Organization (WHO), nearly 80% of the global population depends on traditional healers for herbal-based medicines, as many perceive natural products as safer and free from adverse side effects.

Information Source: https://www.fortunebusinessinsights.com/herbal-medicine-market-106320

Impact of COVID-19 The COVID-19 pandemic, declared by the WHO in March 2020, had a profound influence on the healthcare and pharmaceutical sectors worldwide. Medicine shortages and fluctuating supply chains affected both hospital and retail distribution channels. Data published in the DARU Journal of Pharmaceutical Sciences indicated that between January and mid-2020, hospital demand for medicines such as sedatives, respiratory drugs, and pain relievers surged by 100–700%, underscoring the growing importance of accessible and safe therapeutic alternatives like herbal medicines.

Market Segmentation The pharmaceutical and nutraceutical industries remain key drivers of the herbal medicine market, owing to the escalating use of botanical ingredients in supplements and alternative treatments. Tablets and capsules dominate the product segment due to their convenience, accurate dosage, and wide retail availability. Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Highlights The report covers: Comprehensive segmentation analysis and investment prospects Regional performance evaluations and emerging market trends Strategic developments including mergers, acquisitions, partnerships, and product launches Assessment of COVID-19’s impact on the herbal medicine supply chain and consumer demand Market Drivers and Challenges Growing Use of Natural Ingredients in Cosmetics The cosmetics and personal care industry is increasingly integrating botanical and herbal extracts into product formulations. As consumers move away from chemical-based additives, the demand for natural skincare and haircare products is accelerating. This trend offers lucrative growth opportunities for herbal ingredient manufacturers and suppliers globally.

Regional Insights Europe holds the largest share of the market, supported by a strong cosmetics industry and the growing use of herbal ingredients in personal care and wellness formulations. North America, particularly the U.S., is experiencing notable growth driven by increasing consumer awareness of product safety, a rising preference for organic health solutions, and lifestyle trends emphasizing preventive care. Meanwhile, Asia Pacific and Latin America are witnessing rapid expansion, propelled by increasing disposable incomes, flourishing cosmetics sectors, and heightened digital awareness that enhances consumer education about the benefits of herbal products.

Competitive Landscape The global herbal medicine industry is moderately fragmented, with leading players emphasizing product innovation, diversification, and collaborations to strengthen market presence. Companies are actively engaging in new product launches and mergers & acquisitions to expand their geographic reach and meet changing consumer demands.

Key Market Players Cultivator Natural Products Pvt. Ltd. (India) 21ST Century HealthCare, Inc. (U.S.) Herbalife Nutrition (U.S.) ZeinPharma Germany GmbH (Germany) Blackmores Limited (Australia) Himalaya Global Holdings Ltd. (India) Nutraceutical Corporation (U.S.) Emami Limited (India) Nature’s Answer, LLC (U.S.) Patanjali Ayurved Limited (India)

Recent Industry Development March 2021 – Lotus Herbals, a leading Indian beauty and personal care company, introduced Lotus Botanicals, a new collection of skincare and haircare products formulated with natural herbal ingredients. The product range is available through the company’s dedicated online store and major e-commerce platforms.

Dietary Supplements Market Size, Share, and Growth by 2032

The global dietary supplements market was valued at USD 86.77 billion in 2023 and is projected to grow from USD 93.46 billion in 2024 to USD 182.52 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.73% during the forecast period (2024–2032). Asia Pacific led the market in 2023, accounting for a 41.97% share, supported by strong consumer demand and a growing emphasis on preventive healthcare.

Dietary supplements refer to consumable products that contain one or more essential dietary ingredients—such as vitamins, minerals, amino acids, enzymes, or botanicals—intended to support overall health and well-being. The market’s growth is primarily driven by the increasing popularity of sports nutrition and performance enhancement supplements, alongside heightened consumer focus on meeting daily micronutrient requirements. Rising disposable incomes and greater spending on health and wellness products further contribute to the market’s positive trajectory.

Moreover, government initiatives promoting herbal supplement production are expected to accelerate market growth. For example, in March 2021, India’s Ministry of AYUSH launched the National AYUSH Mission (NAM) under which subsidies ranging from 30% to 75% are provided for the cultivation of around 140 medicinal and herbal plants, supporting domestic supplement production and herbal innovation.

Information Source: https://www.fortunebusinessinsights.com/dietary-supplements-market-102082

Segmentation Insights The dietary supplements market is characterized by vitamins dominating the type segment due to their essential role in preventing deficiencies and promoting overall metabolic health. Tablets remain the most preferred form, favored for their stability, cost-effectiveness, and ease of packaging, storage, and transport. In terms of application, the general health segment leads the market, driven by increasing consumer emphasis on preventive care and maintaining daily wellness. Among end users, adults represent the largest share, supported by rising fitness consciousness and the adoption of healthier eating habits. Pharmacies continue to serve as the primary distribution channel, as many consumers rely on expert advice before purchasing supplements.

Market Drivers and Challenges The dietary supplements market is primarily driven by a growing shift toward preventive healthcare, as the increasing prevalence of chronic diseases and aging populations boosts demand for products that promote long-term wellness and immunity. Additionally, continuous research, innovation, and product customization by both established and emerging brands are leading to the introduction of tailored formulations designed to meet specific nutritional requirements, lifestyles, and demographic preferences. However, the market faces a major challenge in the form of high product costs, which restrict accessibility and regular consumption, particularly in price-sensitive regions where affordability remains a significant concern.

Regional Outlook Asia Pacific: Dominant Regional Market Asia Pacific is expected to maintain its leadership throughout the forecast period, growing at a CAGR of 8.50% through 2032. The region’s growth is supported by increasing health awareness, a surge in nutritional supplement adoption, and government-backed initiatives promoting herbal and natural product manufacturing.

North America: Stable and Mature Market North America continues to exhibit steady growth due to the high incidence of chronic health conditions such as diabetes, cardiovascular diseases, and obesity, which are encouraging consumers to adopt dietary supplements as part of daily health management.

Competitive Landscape The global market is characterized by the presence of major international players alongside several regional brands. Key companies are focusing on innovation, product diversification, and global expansion to strengthen their market position. Strategies such as scaling production, targeted marketing, and strategic acquisitions are widely adopted to meet increasing global demand.

For instance, Nestlé S.A. continues to expand its product portfolio and international presence through investments in nutritional supplements and functional wellness products.

Key Companies Profiled Amway Corp (U.S.) Abbott (U.S.) Nestlé S.A. (Switzerland) Herbalife Nutrition Ltd. (U.S.) Archer Daniels Midland Company (U.S.) Glanbia Nutritionals (U.S.) Otsuka Holdings Co. Ltd. (Japan) Arkopharma (France) Pfizer Inc. (U.S.) GlaxoSmithKline plc (U.K.)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/dietary-supplements-market-102082

Recent Developments November 2023: Abbott launched an upgraded version of PediaSure, featuring its proprietary Nutri-Pull system. The new formulation includes essential nutrients—vitamins C, D, and K2, along with casein phosphopeptides (CPPs)—aimed at enhancing nutrient absorption and supporting children’s growth and overall nutritional development.