According to
a new market report published by Lucintel, the future of the filler market
looks promising with opportunities in the processed meat, seafood, dairy & bakery,
food supplement, and beverage industries. Fillers in the global food market are
expected to grow at a CAGR of 3.7% from 2019 to 2024. The major growth drivers
for this market are increasing demand for processed food and growth in food
supplements products.
In this
market, starch, cellulose, calcium carbonate, and talc are used as fillers in the
food industry. Lucintel forecasts that starch will remain the largest filler
type and it is also expected to witness the highest growth over the forecast
period due to increasing demand for low fat dairy and bakery products.
Within the
filler for food market, processed meat and seafood will remain the largest application
due to increasing demand for poultry based products and rising disposable
income. Food supplement is expected to witness the highest growth in the
forecast period supported by increasing health awareness among consumers.
APAC will
remain the largest region by value and volume and it is also expected to
witness the highest growth over the forecast period due to increasing per
capita income and working population leading the demand for processed and packaged
food products.
An emerging trend that has a direct impact on
the dynamics of the industry includes shift towards natural food fillers. Cargill,
Imerys, Omya, Mondo Minerals, Nippon Talc, and Rayonier Advanced
Materials are among the major suppliers of fillers for the global food market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities of fillers
in the global food market by
application, filler type, and region. Lucintel has prepared a comprehensive
research report entitled
“Growth
Opportunities of Fillers in the Global Food Market 2019-2024: Trends, Forecast,
and Opportunity Analysis.” The Lucintel report serves as a
catalyst for growth strategy as it provides a comprehensive data and analysis
on trends, key drivers, and directions. The study includes a forecast for
fillers in the global food market
by application, filler type, and region as follows:
By Application [Volume (kt) and $M shipment
analysis for 2013 – 2024]:
- Processed
Meat and Seafood
- Dairy and
Bakery
- Food
Supplement
- Beverage and
Others
By Filler Type [Volume (kt) and $M shipment
analysis for 2013 – 2024]:
- Starch
- Cellulose
- Calcium
Carbonate
- Talc
- Others
By Region [Volume (Kilotons) and $M shipment
analysis for 2013 – 2024]:
·
North
America
−
The US
−
Canada
−
Mexico
·
Europe
−
Germany
−
UK
−
France
−
Italy
·
Asia Pacific
−
China
−
India
−
Japan
·
The Rest of the World
This
179-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning
strategies for growth. Lucintel offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for fillers in the global food
market by filler type (talc, calcium carbonate,
cellulose, starch, flour, and others), application (processed
meat and seafood, dairy and bakery, food supplements, and beverage and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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