Specialty Oils Market Research by Segmentation and Analysis 2023

Increasing cardiac health issues associated with the consumption of conventional oils has uplifted the consumption of specialty oils owing to health benefits associated with the consumption which is driving the growth of Specialty Oils Market Research. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Specialty Oils Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.

Leading edible oil companies are focusing more on R&D in terms of product innovations and introducing active key ingredients to edible oil having better functionality. Specialty oils are alternative to conventional edible oils which have extra fat and lipid content. Innovations and upgrading technology have been principle of the research wing. Through extensive research and techniques, the companies are developing functional oils with aided health benefits.

Extensive investments are made in research and advanced technologies to enhance product range, and simultaneously provide new hybrids to meet the expanding market needs. Increasing popularity of functional food and specialty ingredients in diet among the population is likely to surge the global specialty oils market owing to high consumption of low-fat oil in diet. Additionally, high acceptance of natural ingredients and green label products in oil processing is supporting the growth of specialty oils market.

The amount of obese population and diseases such as hypertension, high blood cholesterol and other heart diseases due to high fat intake is increasing rapidly, which is a great concern among the growing population. This has intensified the demand for specialty oils and low-fat alternatives from several industries such as dairy, bakery, snacks & beverages and others. Moreover, rising demand for specialty food and innovative food ingredients is projected to drive the growth of specialty oils market over the review period.

Global Specialty Oils Market - Competitive Analysis

Market players in oil industry have been investing on product development and continuous product improvement to cater the consumer needs. Specialty oils contain ingredients which support improved human health. Omega-3 and Omega-6 fatty acids are common ingredients used in preparation of specialty oils. Manufacturers also rely on palm, soybean, coconut, cottonseed, and rapeseed oils to prepare specialty oils owing to better heart health benefits associated with consumption. The strategic sales plan of specialty oil manufacturers includes use of online channels for marketing and distributing the products along with product promotion in exhibitions and other platforms and choosing right marketing strategies which gives out a clear to target audience. Specialty oil manufacturers have collaborated with healthcare and medical advisors to arrange consumer awareness campaigns to help them choose healthier products.

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The key players profiled in specialty oils are as La Tourangelle (France), Roland Food (U.S.), Bunge Limited (U.S.), Dr. Adorable (U.S), AFRUE (Spain), Corilanga (Italy), BST International (Turkey), Agro International ltd (Banladesh), Shiv sales corporation (India), Silverline Chemical Ltd (India), Naturalist, LLC (Russia), Cargill (U.S.), BEIDAHUANG GROUP (China), J-OIL MILLS INC.(Japan), The Savola Group (Saudi Arabia )

Global Specialty Oils Market – Segments

The global specialty oils market has been divided into type, process type, application, and region.
On the Basis of Type: Soybean oil, Cottonseed oil, Palm oil, Coconut oil, Rapeseed oil, Others
On the Basis of Process Type: Hot pressed, Cold pressed and others
On the Basis of Application: Food, Pharmaceuticals, Cosmetics & Personal Care, and others
On the Basis of Region: North America, Europe, Asia Pacific and ROW.

Baked Foods Market Research, Forecast, Supply Demand and Sales to 2023

Growing bakery industry is supporting the growth of Baked Foods Market Research at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Baked foods Market Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR during the forecast period.

Baked foods are prepared through baking, which is a method of cooking food by elongated dry heat. Baked foods are full of taste as it is cooked more within its own oil, so they are very juicy and rich in flavor if cooked with accurate time, temperature and measured ingredients The most common types of baked foods can be segmented such as baked bakery products which include baked cakes and pastries, baked breads & rolls, baked donuts, baked biscuits, and baked dairy products. They are available in wide variety and their preferences may vary according to the regional demands.

Increasing demand for bakery products including cookies & biscuits, bread, rolls & pies, cakes & pastries and others is driving the growth of baked foods market. Rise in number of working population and inclination towards ready-to-eat products is boosting the growth of the market. Rapid urbanization is another factor supporting the growth of baked foods market. Baked foods are low in fat for which they are gaining popularity among the rising health conscious population. Moreover, nutritional value addition in the baked bakery products through fruits and nuts is expected to surge the growth of the market. Continuous innovations and technological advancements is anticipated to propel the baked foods market over the forecast period.  

Latest Industry Updates

Jan 2018 Arabian food industries, Domty which is into dairy sector has announced their expansion in baked goods in the year 2018

Jan 2018 Brock O'Hurn and Sarah Stage have introduced “Quest Protein Cookie” which delivers a soft and chewy baked goods texture

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Global Baked Foods Market - Competitive Analysis

The key players profiled in baked foods market are Grupo Bimbo (Mexico), Finsbury Food Group (U.K), Flowers Foods (Georgia), Hostess Brands (U.S.), McKee Foods (U.S.), Yamazaki Baking (Japan), Aryzta (Switzerland), BreadTalk (Singapore), George Weston (Canada), Hillshire Brands (U.S.), Monginis (India), and Pepperidge Farm (U.S.) among many others.

Global Baked Foods Market – Segments

The global baked foods market has been divided into type, distribution channel, and region.

Global Baked Foods Market - Regional Analysis

The global baked foods market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the market followed by Europe. In North America owing to the busy work schedule, majority of the population prefers wraps, rolls and pocket sandwiches which is driving the growth of baked foods in this region. Moreover, increasing health conscious population is influencing the rising demand for baked foods.

In Europe, U.K., Germany and France are the major contributors for baked foods market. Asia Pacific is witnessed to be the fastest growing region for baked foods market in which emerging markets of India and China are the major contributors. Rapid innovation in bakery industry with product diversification will boost the growth of baked foods in rest of the world.

Micro-Encapsulation Market Research and Cost Analysis with Key Company’s Profiles

Extensive use in various industries such as pharmaceutical & healthcare products, food & beverages, household & personal care products to enhance product functionality fuels the market growth. The market players serve the urge to respond to these new opportunities by expanding their global presence and services. Moreover, shifting focus towards healthier lifestyle and changing dietary preference marks the market expansion in the region. The micro-encapsulation market will also note a dramatic growth on the back of growing food additives industry where it extensively used for the production process. Also, rising disposable income and strong economy have led to the surge in the market. Continuous product innovation also gives way to market growth.

Market Research Future (MRFR)’s extensive study reveals that the global Micro-Encapsulation Market Research is expected to surge at an exceptional CAGR of 11.22%, surpassing the value of USD 212,761.2 million during the forecast period (2017-2023). However, high cost associated with the microencapsulation process may undermine the market growth. On the other hand, rise in demand to enhance product functionality, increasing demand from agrochemicals sector, reduced application cost and growth in research and development activities are inevitably triggering the market growth in the coming years.

Micro-Encapsulation – Segmental Analysis

The global micro-encapsulation market is segmented based on technology, coating material, and application

By technology, the market is segmented based on atomization, liposome entrapment, spray, and pan coating. The spray technology is leading the market and will sustain its position throughout the forecast period. Also, the segment is projected to thrive at a healthy CAGR of 11.48% during the forecast period owing to low thermal damage caused to the product and increase in shelf-life leading to improved logistics.

By coating material, the market is segmented based on polysaccharides, proteins, lipids, and resins. Among all the coating materials, lipids segment accounts for the maximum market share and will continue to lead throughout the forecast period. The segment is presumed to grow at a phenomenal CAGR of 11.50% in the coming years.

Various applications in the global micro-encapsulation market are home and personal care, agriculture, pharmaceuticals & healthcare and industrial & chemical. Among these, the pharmaceuticals & healthcare segment accounts for approximately 65.0% market share followed by personal care accounting for 9.4% of the global micro-encapsulation market.

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Regional Outlook

By region, the global micro-encapsulation market is segmented based on North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Globally the North American region has the upper hand and dominates the global market. The region is projected to surge at a CAGR of 10.86% during the forecast period. The growing awareness along with demand for fortified food products, growing demand from the pharmaceutical industry for numerous applications, and the advent of new technologies have driven the market growth in the region.

MRFR notes that Asia Pacific is anticipated to grow at the highest growth rate during the forecast period. In the region, China holds the major market share and will reach valuation of USD 1,042.5 million during the assessment period. The regional market has picked up immense speed since the demand from the food & beverages industry has quadrupled in the past few years. The other factors triggering the market growth are emerging economies, technological advancements, and rapid industrialization.

The Europe region also represents a noteworthy market share on account of reduced labor price combined with the high development of pharmaceutical, food processing, and detergent & cleaners’ industry. Moreover, expanding utilization of electronic display equipment such as mobile phones, and tablets could potentially build the use of electronic inks further driving the market development in the region. Adding to this is the growing prominence of functional foods along with the positive market viewpoint of cutting-edge phase change materials (PCM) would spur the demand of microencapsulation in Europe.

Hair Care Industry Analysis and Competitive Landscape by 2023

Hair care is about treatment and prevention of hair problems. A new report on the Global Hair Care Market, published by Market Research Future (MRFR), sums up that this market could win gains at 3.40% CAGR between 2018 and 2023.

The foremost market driving factor for the global Hair Care Industry growth is the availability of a wide spectrum of products, increasing cosmetic expenditures, and the rising prevalence of hair related diseases. The major market players are continuously endeavoring to pursue innovations and product development to attract a larger customer base. Other factors that can boost market growth include pollution causing hair damage, demand for hair care remedies, and inclination of consumers towards natural hair care remedies. However, the increased susceptibility to ailments like asthma and cancer using hair care products can restrict market growth. The formulation of many hair care products is inclusive of various chemicals such as diethanolamine, peroxide, sodium lauryl sulfate, and others. These ingredients can cause diseases. Hence, the demand for Ayurvedic hair treatment is increasing. The Ayurvedic hair oil and Ayurvedic shampoos can expand market growth.

Market Segmentation

The global hair care market segmentation encompasses application, distribution channel, end-user, gender, and product. MRFR’s take on the market explores various facets of the market in-depth.

The application-based segmentation of this market covers hair treatment and scalp treatment. Based on the distribution channel, the market has been segmented into e-commerce, hypermarkets, and pharmacies.

In the context of end-user, the market has been segmented into home care and salons. Regarding gender, the market has been segmented into male and female. As per the product-based segmentation, the market covers conditioners, hair colorant, hair oil, hair styling, and shampoo.

Regional Segmentation

A geographical outlining of the global hair care market covers Europe, Asia Pacific, The Americas (North America & South America), and the Middle East & Africa (MEA).

With 34.5% share of the global market, Europe is the largest regional market due to the presence of developed economies like Italy and the UK. France and Germany are two other strong economies in this region. Growing cosmetic industries in Europe are also boosting the market growth. Due to technological advancement, Western Europe is a bigger market compared to Eastern Europe.

The Americas region is the second-largest regional market due to increasing disposable income, availability of advanced hair treatment facilities, technological advancement, and presence of key market players. USA, Canada, and Mexico are top economies in this region that can be biggest country-specific markets in this region. Argentina and Brazil also stand a strong chance.

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Expected to grow at 3.81% CAGR, the Asia Pacific region can emerge as the fastest growing regional market due to the presence of fast-developing economies in this region that include Australia, China, and India. The Fast-Moving Consumer Good (FMCG) sector of India is strong, and hence, it is expected to catapult the hair care market during the forecast period. The changing lifestyle and rising disposable income can enhance market growth. Japan and South Korea are two other important country-specific markets in this region. An analysis of the remaining countries in the Asia Pacific region featured in this report estimates the huge contribution to market revenue from some other countries. The MEA region holds the least amount of market share as most countries have low income.

Key Players

Big players in the global hair care market include Amway, Groupe OLVEA (France), Henkel Corporations (Schwarzkopf Professional) (Germany), Johnson & Johnson Services Inc. (USA), Kao Corporation (Japan), L'Oréal (France), Oriflame Cosmetics AG (Switzerland), Procter & Gamble Co. (USA), Revlon Inc. (USA), Shandong Baisheng Biotechnology Co. Ltd. (China), Shiseido Company Limited (Japan), and Unilever (UK).

 

Smokeless Tobacco Industry Drivers, Emerging Trend and Forecast to 2023

Global Smokeless Tobacco Industry has witnessed continued demand during the last few years and is projected to reach USD 23,202.2 million at a CAGR of 4.41% by 2023 in terms of value. Owing to the increasing demand for cigarette alternatives the demand for smokeless tobacco is increasing across the globe. High consumption of smokeless tobacco in the emerging markets is driving the sales of the products.

Convenience in consumption tobacco chewing bags is the major driver behind the high growth of this segment. Denmark is one of the major countries with high consumption of smokeless tobacco in chew bag form. Chew bags contain loose tobacco leaf cut to a fine length. These have gained their popularity among the youth in the North America and Europe region. Innovative packaging and convenience are the major drivers behind the high sales of the product globally.

High taxes on tobacco products including cigarettes and smokeless tobacco has raised the concern of illicit trading of tobacco in various countries. This is one of the major challenges faced by the smokeless tobacco companies across the globe as this tends to cut down their profit margin and hamper high revenue generation. The practice of trading illegal tobacco is identified to be common in the Asia Pacific region and is increasing in Europe and North America.

All the factors are anticipated to boost the global smokeless tobacco market to expand at the CAGR of 4.4% during the forecast period of 2018-2023.

Downstream Analysis

The global smokeless tobacco market is segmented into type, form, and route.

Among types, chewing tobacco segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 4.30% during the forecast period owing to the rising cigarette prices and ban of cigarette.

Among forms of smokeless tobacco, dry segment accounts for approximately 52.2% market share, followed by moist segment, accounting for 47.8% of the global smokeless tobacco market.

Among routes of consumption, oral segment is anticipated to retain its dominance throughout the forecast period. The segment is projected to expand at a healthy CAGR of 4.52% during the review period.

Market Segmentation

The global smokeless tobacco market is segmented by type, form, route, and region.

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Competitive analysis

This report includes a study of strategies used in the market, mergers, and acquisitions and multiple product launch by smokeless tobacco market players. It further includes product portfolios and developments of leading players, which includes

• Altria Group, Inc. (U.S.)
• British American Tobacco PLC (U.K)
• Imperial Brands PLC (U.K)
• Japan Tobacco, Inc. (Japan)
• Swedish Match AB (Sweden)
• Swisher International Group, Inc. (U.S.)
• MacBaren Tobacco Company A/S (Denmark)
• Dharampal Satyapal Limited (India)
• Amano Enzyme Inc. (Japan)

Region Analysis

The global smokeless tobacco market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Among these, Asia Pacific region is dominating the market over the forecast period. Asia Pacific region is projected to expand at a CAGR of 4.55% during the review period. This is attributed to high consumption of smokeless tobacco in this region. Furthermore, Asia Pacific is projected to witness the highest growth rate during the forecast period 2018-2023. In Asia Pacific, India is dominating the market with market share of 71.6% in the year 2017.