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. The global filler for food market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach with a CAGR of 3% to 4% from 2020 to 2025. 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 2020-2025: 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 2014 – 2025]:
Processed Meat and Seafood
Dairy and Bakery
Food Supplement
Beverage and Others
By Filler Type [Volume (kt) and $M shipment analysis for 2014 – 2025]:
Starch
Cellulose
Calcium Carbonate
Talc
Others
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
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 click on this link
https://www.lucintel.com/fillers-in-food-industry.aspx helpdesk@lucintel.com.
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?