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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)

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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)

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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.)

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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.

Snack Food Products Market Size, Share, Growth and Report Forecast Through 2029

The global snack food products market was valued at USD 557.85 billion in 2021 and is projected to expand from USD 584.58 billion in 2022 to USD 838.60 billion by 2029, registering a compound annual growth rate (CAGR) of 5.3% during the forecast period. Europe held the dominant share of 29.49% in 2021, reflecting its strong manufacturing base and deep-rooted snacking culture.

The COVID-19 pandemic significantly boosted demand across all major regions, exceeding pre-pandemic expectations. According to analysis, the global market recorded a 3.67% increase in 2020 compared to 2019, as consumers increasingly sought comfort and convenience through snack products.

The rising consumer preference for premium and indulgent experiences, combined with continuous product innovation by major players, is fueling global market expansion. Additionally, growing millennial interest in convenient food options and the proliferation of convenience stores have accelerated category adoption. Manufacturers are introducing novel flavors and formats, catering to evolving consumer palates.

The global shift toward healthier eating habits—driven by rising concerns about obesity, diabetes, and hypertension—is encouraging demand for low-fat, low-calorie, and sugar-free snack options. The expanding range of such products is expected to propel market growth in the coming years.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/snack-food-products-market-100259

Market Segmentation The snack food industry is categorized by product type into bakery snacks, confectionery snacks, savory snacks, and others. Among these, confectionery snacks account for the largest market share, driven by their wide availability, diverse flavor options, and the rising popularity of functional confectionery products that provide additional nutritional benefits. In terms of distribution channels, supermarkets and hypermarkets continue to dominate as the primary sales outlets, offering consumers access to a broad range of brands, while online retail has witnessed strong growth, particularly due to pandemic-induced shifts in consumer purchasing behavior.

Report Highlights This report delivers a detailed evaluation of market dynamics, including consumer trends, COVID-19 impacts, and competitive strategies. It also provides insights into regional growth patterns, emerging opportunities, and strategic moves—such as product launches, mergers, and partnerships—adopted by leading industry players.

Market Drivers and Challenges The snack food market is driven by the rising popularity of vegan and allergen-free snacks, as increasing adoption of plant-based diets and a higher prevalence of food allergies encourage manufacturers to create gluten-free, vegan, and allergen-free alternatives. Additionally, ongoing product innovation and premiumization—through diverse flavors, novel ingredients, and creative packaging—are enabling brands to meet evolving consumer preferences for quality and variety. However, the market faces challenges related to health concerns, as excessive snacking is associated with risks such as obesity and cardiovascular issues, which may hinder long-term growth.

Regional Insights Europe: Market Leader Europe continues to dominate the global snack food products market, supported by well-established production infrastructure, strong consumer demand, and the integration of snacks into daily lifestyles. The region is witnessing a shift toward health-oriented and portion-controlled snacks, reinforcing sustained market leadership.

Asia Pacific: Fastest-Growing Region The Asia Pacific region is witnessing robust expansion, fueled by increasing health awareness, rising urbanization, and greater consumption of nutritious and convenient snack options. Markets such as China and India are driving this momentum due to large, young populations and changing food habits.

North America: Innovation-Driven Market North America ranks third globally, characterized by strong demand for diverse snack varieties—including protein bars, savory snacks, and on-the-go foods—particularly among younger, health-conscious consumers.

Competitive Landscape Innovation Driving Market Competitiveness The global snack food industry comprises both multinational corporations and emerging brands, with innovation and product diversification serving as core growth strategies. For instance, in August 2022, PepsiCo India introduced Lay’s Gourmet, a premium potato chip line designed to target upscale consumers and enhance its product portfolio in the luxury snacking category.

Leading Companies in the Global Snack Food Products Market Kellogg Company (U.S.) General Mills (U.S.) Tyson Foods (U.K.) Kraft Heinz Company (U.S.) ConAgra Brands (U.S.) Unilever Group (U.K.) Nestlé S.A. (Switzerland) J.M. Smucker Co. (U.S.) PepsiCo (U.S.) Mars, Inc. (Canada)

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Recent Developments May 2022: General Mills acquired TNT Crust, a U.S.-based manufacturer of frozen pizza crusts. This acquisition strengthens General Mills’ frozen bakery snack portfolio and expands its presence in the prepared foods segment.

Food Enzymes Market Size, Growth Insights and Forecast to 2032

The global food enzymes market was valued at USD 1.69 billion in 2019 and is projected to reach USD 3.24 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.34% during the forecast period. In the United States, the market is anticipated to expand considerably, attaining an estimated value of USD 839.88 million by 2032. This growth is largely fueled by the surging demand for processed food products and the continuous innovation of enzyme-based solutions by leading manufacturers. North America held the dominant position in 2019, accounting for 36.6% of the global share.

The increasing use of enzymes as food additives has significantly accelerated market growth, as these products are widely utilized in the production of processed foods and beverages. Additionally, the rising popularity of clean-label and naturally sourced ingredients, coupled with advancements in biotechnology, continues to drive global market expansion.

Impact of COVID-19 According to the International Monetary Fund (IMF), global economic growth contracted to -3.0% in 2020, down from 2.9% in 2019, primarily due to disruptions caused by the COVID-19 pandemic. In response, several global food industry leaders—Unilever, Nestlé, Olam, and PepsiCo—collaborated with research institutions, NGOs, and agricultural associations to enhance food system resilience. However, the introduction of protectionist trade measures in parts of Southeast Asia disrupted the global food supply chain, leading to an estimated 8–10% decline in the food ingredients and additives sector. Despite short-term challenges, the food enzymes market is expected to recover gradually and exhibit steady growth throughout the forecast period.

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Market Insights This report presents a detailed assessment of the food enzymes market, analyzing the key drivers, restraints, challenges, and opportunities influencing its development. It includes regional insights supported by both qualitative and quantitative data from major economies. Furthermore, it provides an overview of the competitive landscape, highlighting key strategies such as mergers, acquisitions, alliances, and joint ventures undertaken by major industry participants.

Market Drivers and Restraints Rising Demand for Clean-Label and Natural Products The European Food Safety Authority (EFSA) has emphasized the potential health concerns linked to synthetic chemical exposure in food. As consumer awareness about these risks increases, demand for natural, clean-label food alternatives continues to grow—offering new opportunities for enzyme-based food processing. For example, in October 2019, U.S.-based Tiny Organics launched a range of organic, plant-based toddler meals featuring dishes such as pumpkin spice oatmeal, coconut curry, and baby burrito bowls, reflecting this trend.

Regional Overview North America: Leading the Global Market North America remains the leading regional market, supported by strong consumption of processed and premium food products and growing interest in natural and sustainable ingredients. Increasing investments in enzyme innovation and production technologies are further strengthening the region’s dominance. In contrast, the Asia-Pacific market is witnessing steady expansion, primarily driven by the growing demand for bakery and dairy products across emerging economies.

Competitive Landscape Strategic Collaborations Fueling Growth In November 2019, DSM and Cargill established a joint venture named Avansya, investing approximately USD 50 million to develop a large-scale fermentation-based stevia sweetener facility in Nebraska, U.S. This collaboration illustrates a broader market trend toward strategic partnerships, innovation, and product diversification to meet evolving consumer demands.

Key Companies in the Food Enzymes Market Novozymes (Denmark) DuPont (U.S.) Hoffmann-La Roche Ltd. (Switzerland) AB Enzymes (Germany) Koninklijke DSM N.V. (Netherlands) Chr. Hansen Holding A/S (Denmark) BASF SE (Germany) Nutritech Enzymes (Finland) Amano Enzymes, Inc. (China) Biocatalysts (UK)

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Recent Developments March 2019: AB Enzymes introduced ROHALASE, a novel enzyme designed to reduce the use of chemicals in oil extraction from seeds such as soybean, sunflower, and canola, while simultaneously enhancing yield and process efficiency.