FMCG – Pan Market Consulting

FMCG

The global dairy processing equipments market accounted for USD 10.7 billion in 2019. The global dairy processing equipments market is projected to register growth at a CAGR of 5.9% during the forecast period.
COVID-19 has impacted all the business over the globe. The pandemic has impacted global dairy processing equipments negatively but this effect was not significant. The operations and supply chain of dairy process equipment was not halted during the lockdown, many facilities were operating. This market will foresee growth with no such decline due to corona virus pandemic.

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The global dairy alternatives market accounted for a value of USD 15.2 billion in 2019. The global dairy alternatives market is projected to register growth at 14.5% during the forecast period.
COVID-19 has impacted all the businesses over the globe. Due to corona virus outbreak, the people are adopting healthy lifestyle to improve their immunity. People all across the world are shifting towards vegan diet due its immense benefits. Plant-based milk has been adopting by major economies across the globe as it improves health, energy and helps in weight management. Thus dairy alternative market is expected to witness growth due to COVID-19.

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The global eco-friendly food packaging market accounted for a value of USD 163.5 billion in 2019. The global eco-friendly food packaging market is projected to witness growth at a CAGR of 6.3% during the forecast period.
COVID-19 has impacted all the businesses over globe. The global eco-friendly food packaging market is expected to witness downfall due to pandemic. The main reasons of this decline are shut-down of food industries, restaurants and big food chains. The restriction of transportation led to unavailability of raw materials and strict rules and regulation of lockdown has contributed in decline of global eco-friendly food packaging market due to corona virus during forecast period.

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The global food flavors market accounted for a value of USD 14.1 billion in 2019. The global food flavors market is projected to grow at CAGR of 4.7% during the forecast period.
However COVID-19 has affected food flavors market immensely. The population across the globe is avoiding eating anything from outside due to fear of corona virus. The products like ice-cream, yogurt and other dairy & confectionary product has seen decline. The production of items was halted for sometimes. The supply of raw material and finished products was also become difficult due to movement restrictions. Thus, food flavors market is likely to observe decline in market share during forecast period to virus outbreak.

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The global food safety testing market accounted for USD 16.2 in 2019. The global food safety testing market is projected to register growth at a CAGR of 8.2% during the forecast period.
COVID-19 has impacted all the businesses over the globe. The food safety testing market is expected to witness some growth due to corona virus outbreak as people are focusing more on safety of the products. The consumers are adopting healthy lifestyle and spending in a product which assures safety to them. Thus, the requirement for food safety testing market is expected to increase.

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The global dietary fibers market is accounted for approximate value of USD 5.1 billion by 2019. The dietary fibers market is projected to register growth at a CAGR of 11.1% during the forecast period.
COVID-19 has impacted all the business over the globe. Due to corona virus outbreak a large number of population has adopted healthy lifestyle and eating habit to improve immunity to prepare the body fight against virus. The corona virus has driven growth in dietary fibers market.

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The global lactose-free products market accounted for USD 9.3 billion by 2019. The lactose-free products market is projected to register growth at a CAGR of 8.2% during the forecast period.
COVID-19 has impacted all the businesses over the globe. The lactose-free products market has been impacted by corona virus outbreak. The people are adopting healthy lifestyle. They are seemed more health conscious than usual. Thus, the lactose-free products are likely to see growth due to COVID-19.

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The global nutraceutical ingredients market accounted for a value of 149.0 USD billion in 2019. The global nutraceutical ingredients market projected to grow at a CAGR of 6.9% during the forecast period.
COVID-19 has affected all the businesses over the globe. Due corona virus outbreak people are adopting healthy lifestyle and consuming highly nutritional food in order to improve their health. This pandemic has led to increase in growth of global nutraceutical ingredients market during the forecast period.

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The global plant-based meat market accounted for a value of USD 9.6 billion in 2019. The global plant-based meat market is projected to grow at a CAGR of 13.0% during the forecast period.
COVID-19 has impacted all the businesses over the globe. The COVID-19 has positively impacted the plant-based meat market as people are adopting healthy lifestyle to boost their immunity to fight corona virus. Due to lockdown the supply and production was on halt and increasing fear infection from traditional meat has driven the plant-based meat market during pandemic. The plant-based meat, owing to corona virus outbreak is expected to witness growth during forecast period.

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The global plant-based protein market accounted for USD 16.1 billion in 2019. Plant-based protein market is projected to witness growth at a CAGR of 11.4% during forecast period.
COVID-19 has affected all the business over globe. The plant-based market is also impacted by COVID-19. Many consumers of meat are now shifting from meat to plant-based protein due to corona virus outbreak. The meat alternative brand sale has seen an uplift at high rate. The plant-based snacks, supplements and dairy alternative as people all over the world are now adopting healthier lifestyle to boost immunity. Hence COVID-19 pandemic has boosted the plan-based proteins market.

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The global yeast market accounted for USD 2.9 billion in 2019. The global yeast market is projected to witness growth at a CAGR of 6.6% during the forecast period.
COVID-19 has impacted all the businesses over the globe. Corona virus outbreak has impacted yeast market negatively as the production was halted due to lockdown. The demand of consumers was also low. Consumers have stopped using products as they have stopped eating outside food. Thus yeast market has is expected to see some decline in the initial phase of forecast period.

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The global enzymes market accounted for a value of USD 9.3 billion in 2019. and is projected to register growth at a CAGR of 6.2% during forecast period.
COVID-19 has impacted the enzyme market significantly. The manufacturing units have to shut its facilities for months due to lockdown. The supply chain of raw materials and finished products got disrupted due to travel restriction. Population around the world is adopting healthy and hygienic lifestyle which increases the demand for enzymes used in household products.

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The global frozen food market accounted for a value of USD 237.3 billion in 2019. and is projected to register growth at a CAGR of 3.8% during forecast period.
COVID-19 has impacted the frozen food market significantly. The population across the globe is avoiding eating anything from outside due to fear of corona virus transmission. The frozen food products have seen decline n demand across various regions. The production of items was halted for few months. The supply of raw material and finished products was also become difficult due to movement restrictions. Thus, frozen food market is likely to observe decline in market share during forecast period to virus outbreak.

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The global protein ingredients market accounted for a value of USD 49.2 billion and is projected to register growth at a CAGR of 5.5% during forecast period.
COVID-19 has impacted the protein ingredients market. Many consumers are now shifting from towards healthy lifestyle and adopting nutritional food due to corona virus outbreak. The food with protein ingredients has seen uplift at high rate. The demand for food with protein ingredients such as snacks, supplements and dairy alternatives is increased as people all over the world are now adopting healthier lifestyle to boost immunity. Hence COVID-19 pandemic has boosted the plan-based proteins market.

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The global hydrocolloids market accounted for a value of USD 9.8 billion in 2019 and is projected to register growth at a CAGR of 4.4% during forecast period.
COVID-19 has impacted the hydrocolloids market as manufacturing units have to shut its production and the demand for hydrocolloids is decreasing around the globe as people are avoiding using outside food and bakery products due to fear of corona virus. There is shortage of hydrocolloids in the market. The demand for hydrocolloids is likely to increase post COVID-19 as people will start buying food & beverages products which contains hydrocolloids as ingredients.

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