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]:
• Calcium Carbonate
By Region [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:
• North America
− The US
• Asia Pacific
• 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 firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
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?