Liquor Confectionery Market Demand Is Projected To Increase At A 5.4% CAGR

The global liquor confectionery market is projected to reach US$ 580 Mn in 2022, finds Future Market Insights (FMI) in a latest market analysis. With sales growing at a 5.4% CAGR, the market valuation will reach US$ 981.4 Mn by 2032.

New product launches with different flavoured chocolates, candies and gums are anticipated to positively influence the growth of the market. For instance, Abtey has introduced a new range of products that are prepared from refined alcohol and ganache centres.

The four new variants of coulis including ganache and Cointreau jelly, ganache and rum jelly, mousse and kirsch jelly, and ganache and strawberry jelly. Such developments are expected to create opportunities for growth in the market.

Further, increasing demand for premium liquor chocolates for gifting purposes and for serving as desserts at social gatherings is anticipated to drive the market in the forthcoming years.

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In addition to this, due to growing preference for online retail, manufacturers are launching their products at online retail channels to gain a competitive edge. This has also resulted in high availability of liquor confectionery in various developing countries, thereby augmenting the growth in the market.

“Growing preference for premium liquor-based chocolates across the globe, along with surging demand for liquor cocktail gummies will continue steering the growth in the market over the forecast period,” says an FMI analyst.

Global Liquor Confectionery Market by Category

By Product Type:

  • Candies
  • Gums
  • Chocolates

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Independent Retailers
    • Online Retailers

Key Takeaways:

  • Germany is projected to dominate the Europe liquor confectionery market. Total demand in Europe will account for 30% of the global market share in 2022.
  • The U.S. will hold nearly 80% of the North America liquor confectionery market over the forecast period.
  • By product type, chocolate liquor confectionery is expected to account for the maximum market value share of the global market in 2022.
  • In terms of distribution channels, sales in the indirect segment are forecast to remain high over the assessment period.

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Competitive Landscape

Leading players operating in the liquor confectionery market are investing in mergers, acquisitions, and collaborations to expand theior grographical footprint. They are also focusing on promotional strategies to advertise their products on social media channels to improve sales. Key Companies Profiled are:

  • Hershey’s
  • Ferrero SpA
  • Mondelez International
  • Toms Gruppen
  • Liqueur Fills
  • Abtey Chocolate Factory
  • Neuhaus
  • Mars
  • Brookside
  • Booz Drops

The report covers exhaustive analysis on:

  • What is the current liquor confectionery market value?
  • At what rate is the liquor confectionery market expected to grow?
  • What strategies are adopted by the market players in the liquor confectionery market?
  • What is the share of the top 10 companies in the liquor confectionery market?
  • Which are the major countries driving demand for liquor confectionery?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Frozen Snacks Market Is The Market Size Reaching US$ 247.2 Bn In 2032

The global frozen snacks market is expected to reach a valuation of US$ 131.7 Bn in 2022. Sales are projected to grow at a 6.5% CAGR, with the market size reaching US$ 247.2 Bn in 2032.

Growth can be attributed to the convenience offered by these products. As consumers are trying to keep up with their busy schedules, they are preferring packaged food products and frozen snacks as they take less time to prepare. This trend will continue pushing sales in the market over the forecast period.

According to the World Bank, two-third of the world’s population is predicted to live in urban areas in the next 10 years. As a result, rapid urbanization and hectic lifestyle among millennials and working professionals will drive the adoption of frozen snacks.

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Companies Profiled In frozen snacks market are Nestle, ConAgra Foods Inc., Ajinomoto Co. Inc., McCain Foods, The Kraft Heinz Co,. Cargill Incorporated, Tyson Foods Inc., NewForrest Fingerfood BV, Rich Products Corp., Nomad Foods Ltd.

Moreover, these frozen snacks take less time to prepare than cooked meals, which is one of the key reasons driving the preference for frozen snacks. In addition to this, increasing focus on nutrient-rich frozen snacks is compelling manufacturers to launch products with organic ingredients and clean-labels. This is anticipated to fuel sales in the market.

“Wide availability of vegan, gluten-free and keto frozen snacks, along with increasing sales through online channels across emerging economies will augment the growth in the market in the forthcoming years,” says an FMI analyst.

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Key Takeaways:

  • The global frozen snacks market is anticipated to reach a valuation of around US$ 131.7 Bn in 2022.
  • By product type, sales in the desserts segment will account for around 2/5th of the total market share over the forecast period.
  • In terms of category, demand in the ready-to-eat frozen snacks segment will remain high through 2032.
  • Offline sales channels will be the most preferred sales channel among consumers over the assessment period.
  • France will dominate the Europe frozen snacks market owing to increasing demand for vegan frozen snacks and ready-to-eat meals.
  • China will account for a lion’s share of the East Asia frozen snacks market due to increasing sales of packaged food products through online channels
  • The U.S. will emerge as a lucrative market on the back of growing preference for vegan and clean-label frozen snacks.

Competitive Landscape

Leading players in the frozen snacks market are aiming to improve sales by launching frozen snackes made from organic and natural ingredients. They are also investing in mergers, acquisitions and collaborations to expand their production and storage facilities for frozen snacks. For instance:

  • In April 2021, Abergavenny Fine Foods Ltd., a company specializing in frozen snacks and finger food was acquired by Frostkrone Food Group.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global frozen snacks market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (desserts, confectionary, vegetable & fruit snacks, bakery products, meat-based snacks, meat substitute snacks, seafood snacks and other products), category (ready to eat, ready to cook and others), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)), across seven major regions of the world.

Frequently Asked Questions

  • How much is the frozen snacks market currently worth?
  • What is the growth rate of the frozen snacks market over the forecast period?
  • What is the anticipated market value of the frozen snacks Market in 2032?
  • Which region is expected to drive the frozen snacks market?
  • Who are the key players in the frozen snacks market?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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T: +1-845-579-5705
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Sodium Formate Market: In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2027

Sodium formate is a sodium-based salt of formic acid. It is generally available in its physical form as a white powder. Sodium formate is a key chemical due to its multiple applications across a diverse range of industries, such as oil & gas, textile, printing, aviation and others. It offers important end uses, such as a food additive in fabric dyeing processes and a de-icing agent in multiple applications.

Also, sodium formate has been finding important end use as a buffering agent for mineral acids so as to increase their acidity levels. It is not toxic, exhibits biodegradability to a considerable extent and is eco-friendly. In the field of biology, sodium formate is used as a cryogenic protectant in X-ray diffraction experiments conducted on protein crystalline substances.

Sodium formate is manufactured by the neutralization of formic acid with sodium carbonate.  Alternatively, it can be manufactured by the reaction of sodium hydroxide with chloroform. However, the popular commercial method for the manufacture of sodium formate is through the absorption of carbon monoxide in sodium hydroxide at high pressures.

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In the chemical industry, sodium formate is used in the manufacture of formic acid and sodium hydro sulphite. Sodium formate also finds applications in the leather tanning industry and as an enzyme stabilizing agent in detergents. Considering these important applications of sodium formate, the study of the sodium formate market becomes an important read.

Key Trends, Drivers

In recent times, there has been a rise in the number of applications of sodium formate in various industries. Also, rapid growth of the food & beverage industry, dyeing & printing industry and the oil & gas industry has been contributing to the growth of the sodium formate market at a global level.

For instance, there has been a rise in the demand for sodium formate from the upstream oil & gas industry to produce clear brine, which is an important chemical in work over & completion processes. Furthermore, the solid form of sodium formate has been witnessing a rise in demand as an anti-corrosion agent and an effective de-icing material at airports.

The key use of sodium formate here has been the de-icing of runways as sodium formate quickly penetrates solid snow and ice layers when mixed with corrosion inhibitors & other additives, detaching the snow from the concrete and melting it at a rapid pace.

However, there have been a few restraints to the growth of sodium formate demand. For example, sodium formate is hygroscopic in nature, i.e. it absorbs moisture. This property translates into added requirements for its special & careful handling so as to avoid moisture absorption. Furthermore, commercially attractive alternatives for sodium formate are available in the market, such as urea.

The latter has been found to display de-icing competitive characteristics vis-à-vis sodium formate, thereby encouraging potential buyers to shift toward purchasing urea. Besides, prices of raw materials in the manufacture of sodium formate are inherently volatile.

This fluctuation in raw material prices drastically affects sodium formate price variations, thereby inhibiting the growth rate of the sodium formate market even further. These factors have been dampening the sodium formate market growth rate.

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Market Segmentation

On the basis of end use, the sodium formate market is segmented as follows:

  • Catalyst
  • Reducing agent
  • Manufacture of sodium hydrosulfite
  • Intermediate for the manufacture of formic acid and oxalic acid
  • Manufacture of N,N-Dimethylformamide
  • De-icing agent
  • Oilfield services
  • Work-over fluids
  • Other end uses

On the basis of application, the sodium formate market is segmented as follows:

  • Aviation
  • Food & beverage
  • Textile
  • Printing
  • Oil & gas
  • Chemical
  • Other applications

Market Participants

Examples of some of the market participants in the sodium formate market are as follows:

  • BASF SE
  • Perstorp Orgnr
  • Honeywell International Inc.
  • TCI Chemicals (India) Pvt. Ltd.
  • Avantor Performance Materials, LLC
  • Vertellus Holdings LLC
  • Kanoria Chemicals & Industries Ltd.
  • Alder S.p.A
  • Asian Paints
  • Acros Organics

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Float Glass Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2027

The float glass manufacturing process is named after the glass manufacturer Alastair Pilkington and hence, is also known as the Pilkington process. Float glass is manufactured by floating molten glass on a bed of molten metals, such as tin, lead and various low melting point alloys. Float glass is a sheet of glass and with the molten glass method, the resultant sheet possesses a good flat surface and uniform thickness.

Most soda-lime glass are float glass and some quantities of flat panel display glass and speciality borosilicate are also made by the float glass process. Common raw materials used for the manufacturing of float glass are soda ash (sodium carbonate), sand, limestone, salt cake (sodium sulphate) and dolomite. Other ingredients may be used as refining, colouring agents or for required changes in the chemical and physical properties of the glass.

Float glass is usually manufactured in batch process and its hardness and rigidness along with fact that it is a waterproof and lightweight insulator make it attractive among all end use applications in the global market.

Float glass is increasingly being used in windows and doors in the construction industry, particularly for windows and doors made of glass. It is finding a variety of applications, such as windshields, windows and mirrors, in the automotive industry.

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Float Glass Market: Dynamics

Float glass is currently the most used glass in the global consumer products industry. This can be attributed to the excellent quality of this glass. It requires no additional polishing and offers structural flexibility. Other prominent advantages are that it can be bent and shaped into various forms easily in its molten state.

The numerous advantages of float glass, coupled with its capability for use in the construction and automotive industry, are considered to be the significant drivers for the global float glass market. Float glass finds a wide range of applications in construction, automotive and infrastructure industries and is used in commercial, industrial, residential and infrastructure construction projects.

Growing construction industry output is expected to be one of the most significant factors influencing the increased demand for float glass in the global market. Rising urbanization is leading to new construction activities, which is further expected to boost demand for float glass in building and construction tasks. Moreover, growing urbanization is expected to contribute to growth of the global float glass market at a CAGR close to or below the global GDP over the forecast period.

The market has a positive outlook as there is healthy competition and this factor is influencing float glass manufacturers in the global market. Growth of technology and automation in the manufacturing and supply of automobiles has further increased the attractiveness of float glass among consumers and all end use industries.

Significant market players are trying to develop strong, long lasting and lightweight float glass for vehicles in the automotive industry, which can be used efficiently and sustain load depending on the vehicle type. Development of material science expertise in manufacturing industries has empowered them to use novel materials, which is estimated to boost the sales of float glass in the near future in the global market.

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Float Glass Market: Regional Outlook

North America and Europe have luxurious lifestyles and high disposable incomes with a high standard of living. This has led to the growth of float glass usage in the respective regions. The main application of float glass in construction and automotive industries is expected to act as a catalyst for the growth of the overall float glass market over the forecast period.

Moreover, as float glass is strong and has great compressive strength, it is now also used for structural lightweight walls in commercial buildings. Thus, the float glass market is expected see rapid growth in all developed and developing countries in the future. APAC countries are anticipated to assist significantly for the growth of the global float glass market over the forecast period.

Evolving countries in the APAC region, especially China and India, are estimated to play an imperative role in the growth of the float glass market in the coming future. In countries, such as India and China, construction and automotive industries are in an active state and thus, these countries are attractive for manufacturers. Consequently, there is humungous growth potential for the global float glass market.

The market for float glass is expected to grow, owing to significant macro-economic factors, such as growth in industrialization and urbanization and growth of the construction and automotive industry. This is pegged to surge growth of the global float glass market over the forecast period.

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Float Glass Market: Market Participants

Examples of some of the market participants in the global float glass market, identified across the value chain, are:

  • Hartung Glass Industries
  • Pilkington
  • Guardian Industries Corp.
  • Central Glass Co., Ltd.
  • Saint-Gobain
  • Asahi
  • Trakya Cam Sanayii A.S.
  • PPG Industries
  • Taiwan Glass Group, Ltd.
  • Carlex
  • Nippon Sheet Glass Co.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Gluten-Free Soup Market Is Accelerating With A CAGR Of 7.3% By 2022-2032

The global gluten-free soup market is set to witness growth at a CAGR of 7.3% and is anticipated to reach a valuation of around US$ 4.6 Bn by 2032. As per a survey conducted by the Food Marketing Institute, over 80% of the population need access to thorough and ‘easy-to-understand’ ingredient lists on their labels.

As a result, numerous food firms have pioneered the practice of providing extensive insights into its formulation, particularly when selling ‘Free-from’ products like gluten-free soups. As per the study, key companies are implementing strategies such as the Hazard Analysis and Critical Control Point System (HACCP).

These strategies are expected to ensure that no gluten contamination occurs during the production, packaging, or storage processes of food items thus boosting the gluten free soups market.

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Key Takeaways from Market Study
•The global gluten-free soup market is anticipated to reach a valuation of around US$ 2.3 Bn by the end of 2022
•Based on form, solid form is anticipated to account for over 50% of the market share over the forecast period.
•North America gluten-free soup market is expected to witness growth at 6.9% CAGR during the forecast period.
•In terms of sales channel, offline sales channel is projected to account for maximum share in the coming years
•East Asia is anticipated to emerge as a prominent region for gluten-free soup market in the forecast period

“Production of packaged dried soup by manufacturers is anticipated to increase the shelf life of gluten-free soup. This will boost the demand for gluten free soup in the market,” says a Future Market Insights analyst.
Competitive Landscape

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The gluten-free soup market is fairly fragmented due to the presence of multinational companies like The Campbell Soup Company, ConAgra Brands Inc, The Kraft Heinz Company, Barilla Holdings among others.

Moreover, they are updating their current portfolio as per the shifting demand of consumers for gluten-free food items along with inorganic strategies like partnerships and collaborations:

Porter & Nash, a vegan soup and gravy company, has launched sauces, soups and gravies which are gluten-free, containing kombu seaweed that are suitable for vegans

Campbell Soup Co. acquired Pacific Foods to diversify its soup portfolio specially in the gluten free food sector in order to cater the rising interest of consumers regarding their wellbeing and health

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global gluten-free soup market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on form (liquid form and solid form), category (vegetarian and non-vegetarian), packaging (canned, pouched and other packaging), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)), across seven major regions of the world.

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Butyl Acrylate Market | Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2027

Butyl Acrylate falls under the category of unsaturated hydrocarbons. Butyl Acrylate is available in clear colorless liquid and having a characteristic fruity odor, colorless and hygroscopic crystalline solid.

Furthermore the butyl acrylate is soluble in organic solvents but shows limited solubility in water, also exhibit less density than water. Butyl Acrylate can readily polymerized and further exhibits wide range of properties depending upon the reaction condition and monomer selection.

Butyl acrylate is manufactured and formulated by different process and reaction such as carbon monoxide, nickel carbonyl, acetylene and butyl alcohol reacts together to make butyl acrylate. Commercially butyl acrylate is available in different types and formulation and manufactures tailor-made the formulation according to the end user needs.

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Butyl acrylate found adoption on large scale in different application such as formulation of adhesives & sealants, paint & coatings, plastic processing, textile and also used in water treatment application. Furthermore, butyl acrylate is commercially used for the formulation and synthesis of co polymers and photopolymers such as acrylic acid and its esters, salts, amides and unsaturated polyesters.

The different concentration of the monomer during the formulations of butyl acrylate based acrylic polymers enables the excellent properties such as low temperature flexibility, superior sunlight and weathering resistance & better water resistance.

These properties makes the solution as a material of choice in paint & coating formulation. Butyl acrylate also used in cleaning products, paper finishes and antioxidant agents. The double bond present in the compound enables quick reactivity and also allows this product to be adopted as a chemical intermediary.

Butyl Acrylate Market: Drivers and Restraints

In last few years, an increase in the production & consumption of Butyl Acrylate for numerous application has been witnessed and a similar roadmap and trend is expected to follow in the coming years. The introduction of renewable and innovative procedures of production coupled with growing demand in the petrochemical industry is estimated to influence market evolution positively.

Infrastructural developments changing lifestyles, and growing disposable incomes have headed to an increase in refurbishment and renovation activities and construction plans, which have pushed development in this application.

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Moreover, the increase demand and considerable booming in the automotive industry, and mounting industrialization in all emerging countries have also pushed growth in the paints & coatings market. Innovative approaches of production have made possible the recycle of such compounds and has succeeded to decrease the costs and possible hazards accounted during its manufacturing and application.

This will help the growth in the market for long term. Moreover increase in production of butyl acrylate with advanced newly developed technology by the major shareholders present in the value chain helps in driving the growth over the forecasted period.

Also, there has been increase in R &D activities by the manufactures has been witnessed which enables the usage of the butyl acrylate based product in different novel applications. However, there is a probability for an oversupply of the butyl acrylate in the industry due to too much capacity building by manufacturers initiating a demand-supply gap and therefore dropping prices for the final product.

Furthermore, stringent government guidelines about the disposal and production of the compound owing to its non-bio-degradable property is likely to dent the industry growth over the forecast period.

Butyl Acrylate Market: Region Wise Outlook

The global Butyl Acrylate market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

As of 2016, the growth in developed regions such as Western Europe, Japan and North America will be driven by the expansion of industries like automotive, and construction. The APEJ and Latin America region will also register rapid growth due increasing demand for adhesives and resins and increase in manufacturing units mainly in the emerging economies such as China and India.

In addition increasing populations and disposable incomes which are prominent factors for the high growth of the end-use industries. MEA is also projected to also expand with a significant CAGR over the forecast period.

Examples of some of the market participants in the global Butyl Acrylate Market identified across the value chain include

  • Basf
  • Arkema
  • Dow Chemicals
  • Mitshui Chemicals
  • Nippon Paints
  • Toagosei Co., Ltd.
  • LG Chem Ltd.
  • Sasol Limited
  • Hexion Inc.
  • Wanhua Chemical
  • Shenyang Chemical Co Ltd.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

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Almond Butter Market Is Accelerating With A CAGR Of 6.7% By 2022-2032

The global almond butter market is expected to reach a market valuation of US$ 643.0 Mn by the year 2021, accelerating with a CAGR of 6.7% by 2022-2032. Almond butter sales are likely to account for ~21% of the demand in the global plant-based butter market, valued at US$ 2.9 Bn in 2021.

According to Future Market Insights, business to consumer (B2C) model has become more important in the food and beverage sector due to social media influence and growing preference for online purchasing. Hence, several almond butter manufacturers are turning towards B2C practices to serve customers globally.

B2C model supports an expanded customer reach in the global market at minimum costs. Penetration of online retail platforms such as Walmart, Amazon, Tesco, Costco, and others are propelling the sales of almond butter.

Consumers are extensively preferring online platforms with zero-contact purchasing. Hence, B2C has emerged as a major strategy for players in the almond butter market.

“Availability of numerous brands of almond butter under one roof in supermarkets and hypermarkets are providing customers more options, aiding the growth in global almond butter market. Over the assessment period, the customer-centric strategy and improved shopping experience will continue to draw consumer attention and drive market statistics.” said a lead analyst at FMI.

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Inflow of Massive Investment from Venture Capitalists

Vegan food products are booming in the global market, prompting a slew of capital investors to invest money into vegan food manufacturing firms. Vegan food producers are eyeing for financial back up in order to expand their operations and cater to international clientele. In the U.S, investments totaled US$ 747 million in 2019, up 11% from the previous year.

Other countries, such as the U.K., Germany, Australia, Japan, and India, are witnessing an upsurge in vegan food production investment. For instance, in 2019, Miyoko’s Creamery, a startup based in the United States, received $6 million in B series funding. Katjesgreenfood, a Katjes Group affiliate, has invested in Fora, a European vegan butter business.

Growing Flexitarian Population to Boost Demand for Almond Butter

Economists have dubbed 2019 as the vegan year, owing to the market’s rapid rise and rising vegan product consumption. Veganism, however, is only one pillar of the burgeoning business.

The market’s expansion is also due to the quick increase in the number of flexitarian consumers. Traditional dairy-based butter eaters are increasingly identifying as flexitarians, with the goal of reducing, their consumption of animal-based goods.

Hence, some of the leading companies offering almond butter are Olam International Ltd., Treehouse Almonds, Petrow Food Group, Barry Callebaut AG, Big Tree Organic Farms, Harris Woolf Almonds, Rapunzel Naturkost, All Organic Treasures GMBH, Tapia Foods, Napa Nuts, Caro Nut Company, United Food India, Royal Nut Company, and Other.

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Get Valuable Insights into Almond butter market 

Future Market Insights, in its new offering, provides an unbiased analysis of the Almond butter market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Almond Butter Market By Category

By Nature:

  • Organic Almond Butter
  • Conventional Almond Butter

By Form:

  • Spreads
  • Liquid
  • Blocks

By End Use:

  • Food and Beverage Industry
  • HoReCa
  • Household Retail

By Sales Channel:

  • B2B
  • B2C
    • Modern Trade
    • Convenience Stores
    • Traditional Grocery Stores
    • Specialty Stores
    • Online Retail
    • Other Retail Formats

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle east and Africa

Frequently Asked Questions

  • How Big is the Almond Butter Market?
  • How Much Does Almond Butter Contribute to Plant-based Butter Market?
  • What is the North America Almond Butter Market Outlook?
  • At What Rate will Almond Butter Demand Grow in Europe?
  • At What Rate Will Almond Butter Demand Grow in Japan?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Flour Mixes Market Is Projected To Register 7.3% CAGR Between 2022 And 2032

The global flour mixes market size is projected to exceed US$ 25.8 Bn in 2022 and is projected to register 7.3% CAGR between 2022 and 2032. Increasing preference for healthy food products is fueling the demand for healthy bakery products such as flour mixes.

The demand for ready-to-eat and processed foods among consumers is rapidly increasing, resulting in the widespread use of batter mixes in a variety of convenience foods. In addition, demand for low-carb and gluten-free products is pushing the batter mixes production, which is a major factor driving the growth in the market.

Furthermore, increased investments in research and development efforts for developing batter technologies are expected to boost the demand for batter mix between 2022 and 2032.

Growth is also attributed to the increased demand for seafood around the world. Flour mixes is used to coat the fish with batter mixes to mask the smell of seafood, therefore, pushing the sales of batter mixes in the food industry.

It is also used in vegetarian cuisine, especially those made with common veggies, to provide the food with more crispness, flavor, and taste. As a result, the market for batter mixes is expected to increase at a rapid pace in the future years.

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Key Takeaways from the Flour Mixes Market Study:

  • Rising demand for premium quality prepared flour mixes with high nutritional content in the Asia Pacific is expected to drive the market.
  • In 2022, North America is projected to dominate the market, accounting for around 2% of worldwide revenue.
  • In 2022, Europe and the Middle East, and Africa flour mixes market, collectively, will account for approximately 8% of the total market share.
  • In terms of product type, the batter mixture segment is projected to dominate the market over the forecast period.
  • Based on application, the bakery shop segment is expected to account for significant share in the market.

“Key market players are investing in research and development (R&D) in order to introduce new products and gain a competitive edge. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.” said a lead analyst at FMI.  

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Who is winning?

Key players operating in the global flour mixes market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering flour mixes are Nippon Flour Mills, Rikevita Food, Prima Flour, IREKS, AngelYeast, AB Mauri, Showa Sangyo, Griffith, Kerry, CSM, and others.

Get Valuable Insights into Flour Mixes Market 

FMI, in its new offering, provides an unbiased analysis of flour mixes presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Flour Mixes Market By Category

By Product:

  • Bread Mixes
    • Oat Bread
    • White Bread
    • Dark Bread
    • Multigrain Bread
  • Batter Mixes
  • Pastry Mixes

By Application:

  • Food Processing Industry
  • Household
  • Bakery Shop
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • MEA

We Offer tailor-made Solutions to fit Your Requirements, Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-14441

Frequently Asked Questions

  • How big is the flour mixes market?
  • What is the North America flour mixes market outlook?
  • What is the Europe Flour Mixes Market Outlook?
  • What are the key trends shaping the flour mixes market?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com 
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Functional Mushroom Market Is The Market Size Will Reach US$ 22.3 Bn By 2032

The global functional mushroom market is projected to be valued at US$ 9.3 Bn in 2022. Expanding at a CAGR of 9.1% during the forecast period, the market size will reach US$ 22.3 Bn by 2032. Newly released data from Future Market Insights shows that global functional mushroom demand is projected to grow year-on-year (Y-o-Y) by 8.8% in 2022. Functional mushrooms are rare species having healing properties as they contain nutritional values and antioxidants, with a plethora of health claims and superfood benefits. These functional and adaptogenic mushrooms can boost immunity while promoting the overall health in a natural way.

Around 15 species of functional mushrooms are known for having medicinal and healing properties. Reishi, named as lingzhi in China, has been used in Chinese medicine for longevity for over 2,000 years, while Chaga is considered as the richest antioxidant mushroom that provides anti-inflammatory benefits while strengthening immune system. Further, Cordyceps, a parasitic and rare mushroom, is used for vitality, energy, and endurance worldwide.

Adaptogenic mushrooms are gradually emerging as an effective superfood. They increase energy levels, restore youthful glow of skin, keep hormone levels in check, and reduce brain fog.

Healing mushrooms, like Cordyceps, Tremella, Reishi, Oyster, Shiitake, and Enoki are being used in the health and wellness products as powdered supplements, which is expected to create opportunities for growth in the market.

In addition to this, increasing applications of functional mushrooms in non-alcoholic beverages and holistic pet care products will continue driving sales in the market over the assessment period.

“Rising awareness regarding the benefits of organic functional mushrooms, along with increasing interest and expenditure on nutrition and health supplements across the globe will dirve sales in the market in the forthcoming years,” says an FMI analyst.

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Key Takeaways from Market Study

  • Based on nature, the organic functional mushroom segment will account for a dominant share in the market.
  • In terms of applications, demand in the pet care industry is anticipated to remain high.
  • By form, sales of powdered functional mushroom will continue gaining momentum through 2032.
  • The U.S. will dominate the North America functional mushroom market owing to high demand from the food and beverage sector.
  • China will account for a lion’s share in the East Asia functional mushroom market on the back of surging applications on sports nutrition.
  • The U.K. will emerge as a lucrative pocket in the Europe functional mushroom market amid rising preference for organic food supplements.

Competitive Landscape

Key functional mushroom brands are looking for new strategic partnerships to diversify applications in food and beverage industry. Players are also focusing on developing nutritional and high-quality food solutions while being innovative with formulations to attract more customers. For instance:

  • In 2020, Meghan Markle, the Duchess of Sussex, announced to invest in Clevr Blends, an LA-based brand which sells powdered coffee spiked with adaptogens, functional mushrooms, and probiotics.
  • In November 2021, Odyssey Wellness LLC launched its RTD (ready-to-drink) line of functional and organic mushroom elixirs with the brew line including 4 delicious and unique flavor combinations, such as French Roast Oat Latte with Cordyceps, Lions Mane and Cocoa, Cold Brew Oat Latte with Cordyceps and Lions Mane, Berry White Tea with Chaga, Reishi, Turkey Tail, Maitake, Elderberry, and Shitake, and Chai Rooibos with Turkey Tail, Reishi, and Ashwagandha.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global functional mushroom market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Functional Mushroom Market By Category

By Nature:

  • Organic
  • Conventional

By Product Species:

  • Reishi
  • Shiitake
  • Lion’s Mane
  • Chaga
  • Maitake
  • Cordyceps
  • Tremella
  • Turkey Tail
  • Enokitake
  • Oyster Mushrooms
  • Others

By Form:

  • Liquid Sprays and Drinks
  • Powders
  • Capsules or Supplements
  • Others

By Application:

  • Food & Beverages
  • Nutraceuticals & Dietary Supplements
  • Pharmaceutical
  • Sports Nutrition and Functional Items
  • Cosmetics & Personal Care
  • Pet Care Industry
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

  • How much is the global functional mushroom market worth?
  • At what CAGR is the market expected to expand through 2032?
  • At what rate did functional mushroom sales grow between 2017-2021?
  • What is the projected valuation of the functional mushroom market in 2032?
  • Who are the key players operating in the functional mushroom market?
  • Which are the top countries driving the functional mushroom market demand?
  • What are the key factors affecting the functional mushroom market growth?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com 
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Vegan Butter Market Is Projected To Grow At A CAGR Of 5.7% Between 2022 And 2032

The vegan butter market is expected to top US$ 2.7 Bn in 2022 and is projected to grow at a CAGR of 5.7% between 2022 and 2032, surpassing US$ 4.8 Bn by 2032. The global vegan butter demand is projected to grow year-on-year (Y-o-Y) growth of 5.5% in 2022. Plant-based diet is gaining popularity for its huge benefits including the environment, health, and animal welfare.

Numerous plant-based products from milk alternatives to plant-based cheese are now available in the market including vegan butter. Vegan butter, sometimes referred to as plant-based butter, is a non-dairy substitute of butter which is generally made by combining water with a plant-derived oil.

The butter can be cultured via fermentation in food labs but only with plant-based sources. The cultures produced during fermentation are from lactobacillus genus only, but developed on vegetables or vegan substrates as opposed to dairy substrates.

The aforementioned cultures can leverage fermentation process to tailor the flavor of different unique cultures for the specific product which all are plant-based dairy alternatives, such as cream cheese, butter, dips, and brie.

The products can contain different additional ingredients as well, such as emulsifiers, salt, natural or artificial flavors, and colorings, to resemble the texture and taste of real butter, but always free of animal-sourced products.

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Key Takeaways from Market Study

  • The vegan butter market is anticipated to be worth US$ 2.7 Bn in 2022, expanding at CAGR of 7% through 2032.
  • Global vegan butter demand is projected to grow year-on-year (Y-o-Y) growth of 5% in 2022.
  • Demand for vegan butter grew at 0% CAGR between 2017 and 2021.
  • In terms of product, the oat milk segment is anticipated to witness robust growth over the forecast period.
  • Based on flavour, flavored vegan butter sales are projected to witness an uptick during the forecast period.

“Unlike most butters, vegan butters are low in total fat and calories, which can vary depending on each product ingredients, which is also in high demand. Hence, vegan butters are gaining immense popularity for their healthy content, compelling manufacturers to include the product as a food ingredient,” says a Future Market Insights analyst.

Competitive Landscape

Key vegan butter brands are adopting new strategic partnerships to expand their product capacities in food and beverage industry. Some of the core business brands are focusing on developing nutritional and high quality food solutions while being innovative with formulations to attract more customers towards the product.

  • On February 2020, Amarlane Foods, an Isreali company, announced to launch dairy alternative butter termed as ‘Butter’s Vegan Twin’. The company is dedicated to plant-based foods development with a minimal number of ingredients and all natural to attract more consumers. The product is ranged under the name of Betterine, which is made from just four ingredients including pure coconut oil, organic soy lecithin, water, and arrowroot powder.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Vegan Butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Vegan Butter Market by Category

By Source:

  • Rice Milk
  • Oat Milk
  • Soy Milk
  • Corn Milk
  • Almond Milk
  • Pea Milk
  • Cashew Milk
  • Coconut Milk
  • Hemp Milk
  • Flax Milk
  • Others

By Flavor:

  • Unflavored
  • Flavored
    • Cocoa/ Chocolate
    • Cinnamon
    • Banana
    • Coconut
    • Grape
    • Hazelnut
    • Lemon
    • Peanut Butter
    • Raspberry
    • Strawberry
    • Vanilla
    • Other Flavors

By Sales Channel:

  • B2B
    • Hotels
    • Restaurants
    • Cafes
  • B2C
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

By Application:

  • Bakery Industry
  • Confectionery Items
  • Dairy Industry
  • Dietary Supplements
  • Household Pantry
  • Hotel, Restaurant, Retail Chains
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

We Offer tailor-made Solutions to fit Your Requirements, Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-14435

Frequently Asked Questions

  • How much worth is the vegan butter industry?
  • At what CAGR is the market expected to expand through 2032?
  • How was the performance of vegan butter over the past half-decade?
  • What will be the market for vegan butter worth in 2032?
  • Who are the key players operating in the market?
  • Which are the top countries driving the vegan butter market demand?
  • What are the key factors affecting the vegan butter market growth?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com 
Browse Latest Market reports: https://www.futuremarketinsights.com/reports