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 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.
Browse 111 market data tables and 120 figures spread through 179 pages and in-depth TOC on “Fillers in the Food Market”
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In this market, different types of fillers in the food such as talc, calcium carbonate, cellulose, starch, flour, and others are used as filler type. On the basis of comprehensive research, 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.
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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.
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An emerging trend that has a direct impact on the dynamics of fillers for the food industry includes shift towards natural food fillers. Cargill, Imerys, Omya, Mondo Minerals, Nippon Talc, and Rayonier Advanced Materials and others are among the major fillers in the food manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the fillers in the food market by application, filler type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Fillers in the 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 the fillers in the 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
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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 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It 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, high-growth opportunities for the global 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 by 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 the emerging trends in this market and 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 product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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