Plant-based Hot Dogs Market is expected to reach a market valuation of USD 599.2 Mn by the year 2032

Global plant-based hot dog sales grew by over 20% in 2020, signaling that years of steadily building consumer awareness is shifting market dynamics in a segment traditionally dominated by meat-lovers. The newfound commercial success has led to a scramble, with conglomerates, as well as niche manufacturers vying for a pie of the market. In its expansive new study, Future Market Insights’ offers a holistic, yet detailed analysis on how growth will unfold through 2030.

The study opines that novel technological developments are being considered to streamline plant-based hot dog production processes. Immense opportunities abound in precision fermentation techniques for the extraction of plant-based proteins. For instance, Impossible Foods is already producing its signature ‘lehemoglobin’ formulation using this technology.

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Key Takeaways

  • Global plant-based hot dog market to surpass US$ 500 million by 2021-end
  • Europe set to capture over 50% revenue share until 2022, South Asia to be fastest growing market
  • Soy-based protein formulations to remain most preferred throughout the assessment period
  • Plant-based beef to retain lucrativeness, pork garnering significant momentum
  • Online sales to witness a prolific upsurge, attributed to shutdowns imposed by COVID-19 pandemic

“Increasing government support to promote vegan products consumption has attracted manufacturers to lucrative markets, thus broadening scope of the market,” concludes the FMI analyst.

COVID-19 Impact Insights

While sales were already on an upward trajectory, the market for vegan products has catapulted even more since the pandemic’s onset, thus enhancing prospects for plant-based hot dogs in the coming future. Currently, at least 1 out of 50 retail packaged meat sales are plant-based.

As consumers look towards options to boost their immunity, consumption of plant-based diets have witnessed a substantial surge. Markets across the U.S, India and China are especially experiencing this increase as they are amongst the most affected countries by the novel coronavirus.

Besides the voluntary shift towards plant-based alternatives, market players are also looking to strengthen existing supply chains so as to offset any possible price shocks which may occur amid fears of a second wave of infections.

Competitive Landscape

Prominent players in the global plant-based hot dog market include Quorn Foods, Morningstar Farms, Daring Foods, Yves Veggie Cuisine, Gardein, Ingredion Inc., Glanbia Plc., Beyond Meat Inc., Nestle SA, Archer Daniels Midland Company, Cargill Incorporated, and Roquette Frères S.A., among others.

The aforementioned players rely largely on new product launches and strategic collaborations with prominent players, owing to the highly competitive nature of the market. In addition, these players are actively aiding government bodies in promoting vegan products and designing policies promoting the same.

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More Insights on FMI’s Plant-based Hot Dog Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global Plant-based hot dog market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the Plant-based hot dog market on the basis of product type (Plant-based chicken, Plant-based beef, and Plant-based pork), source (soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based protein, flax-based protein, chia-based protein, and corn-based protein) and distribution channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Stores, Online Retail, and HoReCA) across seven prominent regions.

Key SegmentsProduct Type

  • Plant-based Chicken
  • Plant-based Beef
  • Plant-based Pork

Source

  • Soy-based Protein
  • Wheat-based Protein
  • Pea-based Protein
  • Canola-based Protein
  • Fava-Bean Based Protein
  • Potato-based Protein
  • Rice-based Protein
  • Lentil-based Protein
  • Flax-based Protein
  • Chia-based Protein
  • Corn-based Protein

Distribution Channel

  • Retail
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Food Stores
  • Online Retail
  • HoReCa (Food Service Sector)

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (EU-4 (Germany, France, Spain, Italy), U.K, BENELUX, Nordics, Russia, Poland & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia (India, Thailand, Indonesia, Malaysia, Singapore & Rest of South Asia)
  • Oceania (Australia & New Zealand)
  • Middle East & Africa (GCC, South Africa, Turkey, Iran, Israel and Rest of MEA

Frequently Asked Questions

  • How will the plant-based hot dog market expand in the near-term?
  • Which is the largest market for plant-based hot dogs?
  • What drivers underpin market growth?
  • How is COVID-19 impacting growth prospects?
  • Which are the prominent plant-based hot dog market players?

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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Optical Lens Materials Market: In-Depth Analysis with Booming Trends Supporting Growth and Forecast by 2027

The materials used to make optical lenses are known as optical lens materials. Optical lenses are made of different materials, such as Silicone Hydrogel, Fluoro-silicone Acrylate, Hydrogel and PMMA. Amongst these, optical lenses made of silicone hydrogel soft contact lenses are used mostly because they have high oxygen permeability providing comfort and ease to the lens.

These types of optical lens allow oxygen to pass through cornea thus making it possible to wear while sleeping. People suffering from presbyopia, astigmatism and other refractive errors generally use optical lenses made offluoro-silicone acrylate, which is thus fuelling the optical lens materials market.

The use of wide scleral lenses in future is expected to promote the growth of gas permeable lenses during the forecast period.

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Optical Lens Materials Market: Dynamics

Growing use of smart phones and electronic gadgets is resulting to problems related to vision, due to which use of contact lens and glasses made of high-quality materials is increasing, and consequently paving a lucrative path for the optical lens materials manufacturers.

The old age population is growing in countries, such as in Japan and China, among others, and old people mostly suffer from refractive errors, which is leading to increasing sale of lens and glasses and thus driving the optical lens materials market globally. Increasing disposable income of people and awareness towards the use of high-quality lenses is also the driving factors for the optical lens materials market in the developing as well as developed countries.

People are opting for surgeries to treat vision problems (Photorefractive Keratectomy ‘PRK’, and Laser-Assisted in Situ Keratomileusis ‘LASIK’), whereas serious risks reported due to use of contact lenses, such as eye dryness, infections, conjunctivitis, itchiness in the eye and ulcers are consequently leading to less consumption of optical lens materials and acting as obstacles in the growth of the optical lens materials market.

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Optical Lens Materials Market: Regional Outlook

The North America optical lens materials market is expected to grow at a significant rate due to the presence of key manufacturers in region, large number of eye care professionals, which suggest to use good-quality contact lenses, availability of technological advancement, increasing patient awareness, various government & NGO initiatives and high demand for contact lenses.

In Europe, the market is expected to propel at a significant rate during the forecast period due to the wide range of products, their availability, affordability, convenience to use and umpteen number of brands of contact lens.

Asia Pacific is expected to witness substantial growth due to the increasing high geriatric population, and the developing economy is expected to be the driving factor of the optical lens materials market.

The Middle East & Africa (MEA) market is expected to grow at an average rate during the forecast period. Due to the sunny weather conditions in countries, such as Saudi Arab and Dubai, among others, people nowadays are using high-quality contact lenses as well as optical glasses, which is driving the consumption of optical lens materials in the regions.

Optical Lens Materials Market: Market Participants

Examples of some of the market participants in the optical lens materials market participants are:

  • Menicon
  • Paragon Vision Sciences
  • Bausch & Lomb
  • PPG Optical
  • OPRI Inc.
  • Benz Research & Development
  • X-Cel Optical Company
  • Contamac

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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 geography, technology and applications.

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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Plant-Based Burger Market accelerating with a CAGR of 14% by 2022-2032

Plant-based burger market is witnessing a spike in demand, which is expected to continue post pandemic according to a recent report published by Future Market Insights (FMI). Although the pandemic has hit production and supply chains across the world, the global plant-based burgers market has managed to attract demand from consumers says FMI.

The global plant-based burgers market is poised to witness extraordinary growth with CAGR of above 22% for the forecast period 2020-2030, according to FMI. Though plant based burgers were originally developed with vegan and vegetarian consumers in mind, many others are also joining in the ongoing trend. The concepts like ‘flexitarians’ and similar others are gaining traction owing to concerns for health as well as eco system.

Furthermore, animal borne diseases such as COVID-19, SARS, bird flu and many others are pushing more people towards plant based food products. The magnitude and intensity of novel Corona virus is making consumers opt for healthier food substitutes with high nutritional value.

Plant based burgers are made as replacement of regular animal meat burger, using plant ingredients and natural sources without compromising the benefits, but attempting to reduce the drawbacks. These greener and healthier alternatives to the existing food choices are gaining momentum in the market post the onset of COVID-19 suggests report.

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Some of the key takeaways from the report are as follows:

  • Europe to continue as the largest market in terms of market size throughout the forecast period
  • Plant based beef is identified as the most lucrative product in the segment
  • Brands in the food and beverages industry looking to partnering with plant based food companies to expand reach
  • HoReCa (food service sector) to emerge as the largest distribution channel throughout forecast period
  • East Asia and Latin America to achieve highest growth by the end of forecast period 2020-2030

“As the demand for plant-based burger continues to grow, market players are aiming at innovating packaging and storage solutions to ensure nutrients in their products remain intact for a longer period. They are even forging partnerships with several leading names in food chains to ensure they have a widespread footprint” says analyst at FMI.

COVID-19 Impact on Plant Based Burgers Market

COVID-19 pandemic has impacted life and business since its advent. The lockdowns imposed by the governments to reduce the impact of the pandemic has brought businesses across the world to halt. Many businesses incurred heavy losses owing to the shutdowns in the production. However, plant based food was one particular industry which saw a spike in growth amidst all the uncertainty caused by the pandemic.

This growth could be attributed to the fear in people’s minds because of the animal borne disease such as COVID-19. As the impact of the disease grew stronger, the growth in the sales of healthy and nutritious plant based meat substitutes saw exponential increase. Lockdown imposed in March 2020 saw one of the biggest spikes in sales of plant based meat substitutes in regions including Europe, North America, Latin America and others.

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Who is Winning?

Companies are looking at mergers and acquisitions as the key strategy to gain advantage over the competitors in the market.

Many popular brands in the food and beverages industry are partnering with plant based food companies to reach out to the vegan, vegetarian and flexitarian community.

For instance, fast food giants such as burger King, McDonalds and many other popular restaurant chains are partnering with popular plant based burger brands such as impossible burgers, beyond meat and so on to cater to the wider group of consumers.

Many other food joints are following suit and bringing plant based meat substitutes to their menus. Rising popularity of plant based foods is forcing known brands and new players in the food industry to invest big in the market.

For instance, Burger King partnered with ‘Impossible foods’, a popular brand of plant based products to offer plant based burgers to its customers. Introducing these plant based options has helped Burger King in gaining advantage over rival and popular brand McDonalds. It also increased its customer base as vegan and vegetarian consumers were added because of the new additions in the offerings.

Valuable Insights on Plant-Based Burger Market

Product Type

  • Plant based Chicken
  • Plant based Beef
  • Plant based Pork
  • Plant based Fish/Fishless Fish

Source

  • Soy-based Protein
  • Wheat-based Protein
  • Pea-based Protein
  • Canola-based Protein
  • Fava Bean-based Protein
  • Potato-based Protein
  • Rice-based Protein
  • Lentil-based Protein
  • Flax-based Protein
  • Chia-based Protein
  • Corn-based Protein

Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Food Stores

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • MEA
  • Oceania

Frequently Asked Questions

  • How big is the plant-based burgers market?
  • Which region exhibits highest demand for plant-based burgers?
  • Which are the top companies in the plant-based burgers market?
  • Which is the most preferred distribution channel in the plant-based burgers market?
  • What is the outlook on the plant-based burgers 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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Smart Hospitality Management Market Size & Share | Industry Trends Analysis Report by 2027

The smart hospitality management is also known as the process in which hotels, resorts and other business hotels are transforming their infrastructure by installing smart technologies in order to enhance, their offerings. The inclusion of these smart technologies in the hospitality sector is helping hospitality businesses to consistently provide better and quality services to their clients and guest.

With the growing usage of IT enabled services and the technology driven market, almost all the industries are transforming into technology driven industry. Hospitality industry is also transforming into technology driven industry by adapting smart hospitality solutions. The factors that are affecting smart hospitality market are growing usage of social media, cloud based services, implementation of smart appliances and marketing automation.

Smart Hospitality Management includes wide range of smart hospitality solutions such as room automation, contact center, automated lighting management, video integration and other services. These Smart Hospitality Management solutions have improved the operational efficiency of hotel staff as wireless systems help them to move freely and provide quick customer service to guest. These Smart Hospitality Management solutions improves the guest experience and increases the loyalty among them

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Smart Hospitality Management Market: Drivers and Challenges

The major factor driving the Smart Hospitality Management market is the increasing usage of smart and IOT applications in hospitality sector. There has been rise in the usage of connected devices and smart technologies across hotels, restaurants, travel agency to improve customer satisfaction. The other driving factors are usage of wireless communication devices, web based remote management, real-time HVAC control, and other.

The key challenge in the Smart Hospitality Management is the lack of IT department or the technically skilled personnel that can help in implementation and integration of technologies in the hotel. In many hotels there is no IT skilled personnel available that can help in smart technology management and help guest in making usage of smart appliances available in their room.

Another major challenge is the security threat. In hospitality sector, hotels and other service providers keeps personal information of their guest and allow guest to use Wi-Fi for business and other works. This increases the risk as smart technologies integrates all the information and in case of security breach, the private information of guest can be leaked.

Key Contracts

In November 2016, SMARTEQ has entered into the partnership with Swisscom hospitality in order to provide modern technology based hospitality solutions in Russia. This partnership will help Swisscom to implement connected hotel TV, high speed internet access, smart room control, VOIP solutions and other smart hospitality technologies.

In February 2016, Rainmaker has entered into the partnership with Cvent, an enterprise event management platform provider. This partnership will help Rainmaker in getting integrated platform to manage the guest needs and demand on the real time basis.

In Smart Hospitality Management market there are many vendors some of them are IBM, Cisco, Samsung, Wisuite, NEC, Oracle, Qualsoft, Honeywell, Siemens and others

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Regional Overview

Presently, North America is holding the largest market share for Smart Hospitality Management due to high adoption of smart and Internet of Things based technologies among industries. The adoption of other technologies such as smart appliances, smart phones, and social media is also impacting the market for Smart Hospitality Management in a positive manner. Companies such as Cisco and IBM are also working towards the development of Smart Hospitality Management platforms in this market to enhance market opportunities.

In Europe region, the market for Smart Hospitality Management is witnessing high growth rate due to the increasing demand of smart technologies in the hotels for room management, video collaboration and for other technology based services.

The report covers exhaustive analysis on

Smart Hospitality ManagementMarket Segments

  • Market Dynamics
  • Historical Actual Market Size, 2014 – 2016
  • Market Size & Forecast 2017 to 2027
  • Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Market Drivers and Restraints

Regional analysis for Smart Hospitality Management Market includes development of these systems in the following regions

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa

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Smart Hospitality Management Market: Segmentation

Segmentation on the basis of Solutions:

  • Connected guest experience management
  • Hotel operation management
  • Automation management
  • Real-time monitoring management
  • Security management system

Segmentation on the basis of applications:

  • Hotels
  • Cruise
  • Resorts
  • Luxury Yachts
  • Business Hotels
  • Others

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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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Data Integration Software/Tool Market Size, Share & Growth Report for 2027

Data integration software/tool primarily operates by establishing interconnectivity between data sources, ETL (extract, transform, and load) and data warehouses. Data integration is the process of combining data from various sources into an application to provide unified and organized view of the data to the users. Today in business enterprises there is a constant necessity for data storage and processing, fueled by continuous increase in the use of computers and smartphones.

This data can arise from enterprise’s operations, people, technology, and procedures. Data Integration Tool/Software is all about providing an automated, acrobatic and proven solution that lets an enterprise combine and transfer data swiftly. Usually Data integration involves accessing data from all sources, whether those are on premises or in the cloud or both.

Further it involves merging the data from two different data sources and lastly delivering the data to the enterprise when business demands. This data could be structured, semi-structured or unstructured.

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Key features of data integration include

  • Data procurement from operational systems, merging that data, and delivering it to the integrated data structures for analysis.
  • Data consistency to ensure database-level consistency across applications and processes.
  • Governance and management of data assets for audit purpose and monitoring information regarding data integration services and processes in the enterprise.

Data Integration Software/Tool Market: Drivers and Restraints

The main driver of data integration software/tool market is universal access to the data of the enterprise, which is simply keeping up with everything, at every instant, may it be legal, cloud, or a hybrid workflow process. Another driving force for this market is need for data management solutions for business persistence and surge by combining and analyzing the data from various departments of the organization into one application.

Business enterprises that identify and act on the strategic insights of the data, also embrace technologies like IoT that give most out of the information for continuous evolvement and change, are also driving the growth of this market.

Currently quite a few database integration systems are used in market. The biggest challenge is to identify the most suitable system as enterprise consists of multiple data types employed by marketing, product related, finance and support systems. In many organizations data integration brings data problems in picture even before analyzing it.

It could be missing values, wrong data formats and so on leading to different business insights which could be incorrect is another challenge this market is facing on implementing data integration software. Lastly, as the technology advances enterprises introduce new business systems and so challenges arise while embracing these advancements on data integration platform to seamlessly integrate new data provisions.

Data Integration Software/Tool Market: Regional Overview

North America is the biggest market for Data Integration Software/Tool with countries such as USA and Canada to improve operational efficiency and also to accomplish best data governance practices to comply with government regulations. In Europe data integration market grew by 10-12% in 2015, due to increase in demand for data integration tools to help businesses strive and improve through insights from data.

Asia- Pacific region is expected to increase its market share in Data integration Software/Tool due to presence of service based enterprises in countries such as China and India followed by APAC region for business advancements by getting customer related data driven insights.

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Data Integration Software/Tool Market: Key Players

Informatica, IBM Corp, SAP SE, Oracle, Talend, Microsoft, Cisco Systems,Inc., Denodo Technologies, Attunity, Adeptia, Inc., Actian Corporation, Syncsort, Symantec Corporation, Teradata, and Intel Corporation are some of the key players in Data Integration Software/Tool Market.

Other emerging players in this market include AtScale, Inc., Avi Networks, Cask Data, Inc., Cloudberry Lab, Glassbeam, Graylog, Inc., Greenwave Systems, Snappydata, Kvyos Insights, and JFrog Ltd.

The report covers exhaustive analysis on

  • Data Integration Software/Tool Market Segments
  • Data Integration Software/Tool Market Dynamics
  • Historical Actual Market Size, 2015 – 2016
  • Data Integration Software/Tool Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain
  • Data Integration Software/Tool Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Data Integration Software/Tool Market Drivers and Restraints

Regional analysis for Data Integration Software/Tool Market includes development of these systems in the following regions

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (excluding Japan)
  • Japan
  • Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Data Integration Software/Tool Market: Segmentation

The data integration software can be segmented on the basis of services, end-user, deployment, solution and region wise.

On the basis of services offered it is further segmented as

  • consulting
  • operations
  • training

On the basis of End user category includes industry verticals such as

  • BSFI
  • Government
  • E-commerce
  • Healthcare
  • Utilities
  • Retail

Data integration software market is sub-segmented key regions such as

  • North America
  • Latin America
  • Asia-Pacific
  • Europe
  • Middle East
  • Africa

On the basis of deployment it is categorized as

  • on-premise
  • hosted

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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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Plant-Based Meatballs Market is anticipated to rise at 23% CAGR

Future Market Insights (FMI) in a new study has predicted the consumption of plant based nuggets to surge in the forthcoming years. Rising focus on health and wellness among consumers is underpinning growth in the market. Market players are looking to capitalizing on this opportunity by mimicking the taste and nutritional profile of meat-based products.

However, production cost of plant-based nuggets is comparatively higher, which results in their high price. This could hamper the overall expansion of the market to an extent. Nonetheless, launch of their products in diverse textures and nuggets has been paving way for growth. Especially with focus on animal cruelty surging, FMI foresees positive growth on cards for the market.

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Key Takeaways from the Plant Based Nuggets Market Report The plant based nuggets industry is projected to grow at a CAGR of 26% during the forecast period of 2020-2030 Plant based chicken nuggets will remain under spotlight as best-selling product The EU Commission’s support for plant based meat products will help Europe continue to dominate the market Sales via HoReCa will continue to surge through the forecast period Surging adoption of vegetarian and flexitarian diet will open growth prospects for the market in South Asia

“Behemoths in the food chain business are taking cue from changing consumer preference and altering their menus accordingly. Plant-based nuggets are making increasing appearances across menus of some of the leading names in HoReCa business. This is expected to bode well for the market in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has had a huge effect on people’s lifestyle, reshaping their food preferences. Increasing awareness about the body and immune system has encouraged people to shift to a healthy diet. Rising caution regarding animal borne diseases has compelled consumers to adopt vegan lifestyles. This had caused manufacturers to include plant based meat products in their menus and stores.

The pandemic disrupted market sales but is expected to bounce back with the reopening of several hotel chains. The inclusion of plant based products is expected to attract customers looking for healthier options, ensuring a growth in market.

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Who is Winning?

Leading manufacturers are now partnering with companies to introduce plant based meat products in their outlets. Giant manufacturers like Burger King have partnered with plant based meat manufacturers such as Vegetarian Butcher, to include plant based chicken nuggets in their menu.

In 2020, KFC teamed up with Beyond Meat to introduce plant based chicken nuggets in almost 100 stores in the United States. The success of plant based meat products has encouraged companies to invest in the market.

Manufacturers are focusing to develop ingredients that have zero gluten and are allergen free to create products that can be consumed by all. The leading players in the market are Burger King, KFC, McDonald’s Corporation, Alpha Foods, Urban Platter, Nestlé S.A., Heura Foods, The Vegetarian Butcher and Tyson Foods Inc. among others.

Valuable Insights into the Plant-Based Nuggets Market

Future Market Insights in a recent report has conducted a complete industry analysis of the years 2013-2019 with assessments for the forecast period of 2020-2030. The market is divided into various segments in order to give a detailed analysis.

Based on the product type, the market is divided into plant-based chicken, plant-based beef and plant-based pork. On the basis of the source, the market is segmented into soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based  protein, flax-based protein, chia-based protein and corn-based protein. The market is also segregated based on the distribution channel into retail (hypermarkets/supermarkets, convenience stores or specialty food stores), online retail and HoReCa (Food Service Sector). Lastly, the market is divided based on the region into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

Frequently Asked Questions

  • At what CAGR is the plant-based nugget market is expected to rise?
  • Which is the largest market for plant-based nuggets?
  • Which are the top companies in the plant-based nuggets market?
  • What is the outlook on the plant-based nuggets market?
  • Which key challenge witnessed by companies in plant-based nuggets market?
  • Which is most lucrative category in the plant-based nuggets market?

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Legal Services Market Worth US$ 627.12 Billion by 2032 – Exclusive Report by Future Market Insights, Inc.

The global legal services market is anticipated to garner US$ 627.12 Billion while expanding at a CAGR of 4.6% during the projected timeframe ranging from 2022 to 2032. The market is estimated to reach US$ 400 Billion in 2022.  The rising use of cutting-edge technology in delivering legal services will fuel the industry’s growth in the future years. Strong emphasis on preserving openness in client interactions is also expected to drive market growth. Furthermore, the legal services industry is expected to develop more swiftly as more secure/confidential methods are included into the process.

Moreover, the rise of alternative legal service providers (ALSPs) is a significant market trend. ALSPs are non-traditional, specialty firms that specialize in delivering in-demand legal services such as document review, contract administration, litigation assistance, electronic discovery, contract attorneys and staffing, legal research, and intellectual property management.

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They are primarily concerned with the “business of law,” utilizing a combination of legal, business, and technological capabilities to deliver services to both corporations and law firms. ALSPs are increasingly being used by businesses for many regular legal services, and law firms are outsourcing non-revenue producing functions such as project management, business analysis, billing, and spending to ALSPs.

Due to the increasing adoption of regulatory and legal requirements, particularly in India and China, Asia Pacific accounted for a substantial portion of the market in 2020. In India, for example, legal service providers have begun to offer advanced cross-border judicial services to their commercial clients, opening up significant opportunities for growth in the country. On the other hand, the market participants are concentrating their efforts on expanding their customer base and acquiring an edge over its competitors.

Key Takeaways from the Market Study

  • By service type, corporate legal services accounted for 25% of total revenue in 2021
  • By firm size, legal services through big firms contributed over 36% of the global market share
  • S to be a promising market for legal services, expected to flourish at a 4.5% CAGR
  • K to be a key contributor to the market for legal services, registering a 4.4% CAGR
  • India and China to register identical growth trajectories, growing at a CAGR of 4.3% each
  • Global legal services market to grow nearly 1.6x from 2022 to 2032

 “Firms in the legal services sector are increasingly digitalizing as a result of the rise of information, communication, and technology. Investor expectations, increased competitiveness, new regulatory requirements, and expanding prospects all put pressure on firms to digitalize their operations and management, which is forecasted to positively impact the market during the projected timeframe.”

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Competitive Landscape

Key players in the global legal services market include Baker & McKenzie, Clifford Chance LLP, Deloitte, DLA Piper, Ernst & Young (E&Y), Kirkland & Ellis LLP, KPMG, LATHAM & WATKINS LLP, PwC and Skadden, Arps, Slate, Meagher & Flom LLP, among others. Recent key developments among players are:

  • In November 2021, EY announced the acquisition of TAO Leadership Development, Inc., a consultancy focused on supporting fast-paced cultural change and organizational transformation in organisations. The purchase sought to accelerate the growth of EY People Advisory Services by boosting the firm’s well-known technology-enabled transformational leadership and culture change capabilities.
  • In July 2022, Kirkland & Ellis advised I Squared Capital, and it’s ISQ Global Infrastructure Fund III on a definitive agreement to acquire VLS Environmental Solutions (“VLS”) from Aurora Capital Partners, a leading middle-market private equity firm, in connection with the acquisition.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Legal Services market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis by Services Type (Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment and Corporate), by Firm Size (Large Firms, Medium Firms and Small Firms), by Provider  (Private Practicing Attorneys, Legal Business Firms, Government Departments and Others) & Region (North America, Europe, Asia-Pacific, Latin America and  Middle East & Africa)

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Key Segments Covered in the Legal Services Industry Survey

Legal Services Market by Service Type:

  • Legal Services for Taxation
  • Legal Services for Real Estate
  • Legal Services for Litigation
  • Legal Services for Bankruptcy
  • Legal Services for Labor/Employment
  • Legal Services for Corporate

Legal Services Market by Firm Size:

  • Large Legal Services Firms
  • Medium Legal Services Firms
  • Small Legal Services Firms

Legal Services Market by Provider:

  • Legal Services by Private Practicing Attorneys
  • Legal Services by Legal Business Firms
  • Legal Services by Government Departments
  • Legal Services by Other Providers

Legal Services Market by Region:

  • North America Legal Services Market
  • Europe Legal Services Market
  • Asia Pacific Legal Services Market
  • Latin America Legal Services Market
  • Middle East & Africa Legal Services Market

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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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Mesh Fabric Market | Future Plans and Industry Growth with Quantitative And Qualitative Analysis by 2027

Mesh fabric is a knitted fabric or loosely woven fabric, having pores in between for ventilation purpose which has been existing since the last three decades in the global market.

Mesh fabric is basically used in application such as Apparel, Crafts & Utility Products. In clothing sports it is double layered which provides the sleek feel to move and stretch, having quick drying property and cooling capability resulting heat and perspiration.

There are five different kinds of mesh fabrics. Out of the material types, the polyester mesh fabrics are majorly used in athletic wear. Mesh netting fabric is used where body parts need to be dried. Tulle is commonly used for wedding veils. Power mesh fabrics is used to give the smoothen effect to the body.

Nylon mesh is used of crafts and utility section. The product has evolved over the time with new materials replacing the existing types having superior durability and also specifically designed for standard as well as custom requirements in the end use sector.

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Mesh Fabric Market: Dynamics

New trends by fashion industry and clothing designers nowadays are using knitted or woven fabrics to design dresses and other clothes which is making people to follow the ongoing trend which in turn is leading to increasing sales of mesh fabric clothes thereby aiding the growth of mesh fabric market globally.

Use of light weight bullet proof vests in defence and security sector is another prominent end use market fueling the mesh fabric market globally. Increasing preference of durable and comfortable apparel in area of field sports across the globe is also contributing to the growth of mesh fabric market.

Growing automotive sector across the globe is aiding the mesh fabric market to grow as mesh fabric is used in seat cover so that air can pass through. Footwear industry also uses mesh fabric in shoes thus reflecting the positive effect towards the growth of mesh fabric industry.

New product development coupled with research of using fabric composed of advanced lightweight materials i.e. natural as well as synthetic type of fibers has been a notable trend of mesh fabric market.

However, downfall of mesh fabric use in general apparel is expected to be the major restraint in the growth of mesh fabric market due to high cost of raw material. Volatility in market and economic slowdown is expected to have the negative effect on the overall cloth market thereby effecting the mesh fabric market too.

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Mesh Fabric Market: Regional Outlook

Asia Pacific is expected to grow at a significant rate during the forecast period due to the presence of ample number of manufacturers coupled with growing population which is creating a demand for mesh fabric clothes and utilities thereby aiding the growth of mesh fabrics market in region.

North America and Europe are expected to witness high growth in mesh fabrics market due to the growing interests of people in sports (sportswear under clothing section) is expected to hold the significant share thereby fuelling the mesh fabrics market in both the regions.

High disposable income of people in these regions is and growing interests of people to buy mesh fabricated products such as Laundry bags, curtains, shoes, Luggage dividers, Cargo Nets etc is also accelerating the mesh fabrics market in region. In military sector the bullet proof vests for soldier are also made up of mesh fabrics to reduce the vest weight is also driving the mesh fabric market.

Middle East and Africa region, people are taking more interests in sports which in turn is leading to more utilization of sportswear thereby gearing up the mesh fabric market in region. The extreme weather conditions during daytime in Dubai, Saudi Arabia, Sudan etc is aiding the more sales of mesh fabric clothes thus helping the mesh fabric market to flourish.

Mesh Fabric Market: Market Participants

Examples of some of the market participants in the Mesh Fabric market participants are:

  • Daikin Industries Ltd.
  • The Chemours Company
  • Fiberflon
  • W.L. Gore & Associates Inc.
  • Birdair
  • Taconic
  • TEJIN FRONTIER CO., LTD.
  • DuPont.
  • APEX MILLS

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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 geography, technology and applications.

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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Herbal supplements market at a CAGR of 7.8% from 2022 to 2032

The global herbal supplements market is set to witness growth at a CAGR of 7.8% and top a valuation of USD 190.2 Bn by 2032.

Consumer awareness of the medicinal benefits of consuming herbal supplements, particularly among the elderly population, is expected to be among the key drivers of market development. The growth in female herbal supplement customers, as well as an increase in the use of herbal products by the youth demographic, has fueled the global market for herbal supplements.

The pharmaceutical sector of the herbal supplement industry has far more volume. The herbal supplement markets in North America and Asia-Pacific are expected to grow significantly. In these sectors, the medical industry’s development will assist the herbal supplement industry. Due to the growing desire for herbal remedies, some of the world’s most well-known pharmaceutical companies are doing research on a variety of herbal supplements.

The herbal supplement market in places like Latin America and Asia will grow as a consequence of their initiatives. In Asia Pacific, alternative medicinal items such as traditional Asian and Ayurveda therapy are in significant demand. Additionally, consumption of herbal remedies has risen as the pharmaceutical sector in emerging countries such as India and China have expanded significantly. Furthermore, continuous demand from countries such as Europe would boost the market’s rise.

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Overweight and ageing population are on the rise all across the world. As a result, herbal supplements for medicinal purposes are becoming increasingly popular. The whole herbal supplement market is benefiting from a rise in sedentary lifestyles, higher consumption of healthier meals, and increased health-care knowledge. Other major factors driving the herbal products market comprise rising disposable income in emerging countries, increased awareness of herbal supplement health benefits, and a rise in the occurrence of health issues.

Diabetes, heart disease, cancer, as well as other chronic illnesses are on the rise all over the world. An increase in the frequency of medical issues has resulted in a greater awareness of eating well. Because of better lifestyles and dietary habits, customer awareness of fitness and health has increased in countries like India and China.

People are becoming more conscious of what they eat and the benefits of herbal supplements, which is fueling the herbal supplement market’s rise. Furthermore, changes in their lifestyle have forced them to place a higher value on their health.

Key Takeaways from Market Study

  • The herbal supplements market is expected to expand at CAGRs of 7.8% and 15% in US and the Middle East & Africa, respectively, through 2032.
  • The Asia Pacific Herbal Supplements market rose by 6.6% year over year, defying early predictions about how the business would function in the event of a worldwide pandemic. Natural supplement demand/sales contributed roughly 33% of overall supply in North America in 2022.
  • The European herbal supplements market is currently pegged at 32% of the total market share.
  • Herbal Supplement components are selling well in worldwide marketplaces, because to rising consumer demand for nutritionally balanced foods.
  • In 2022, world consumption for plant-based supplements grew by 10.3% year over year. It has 43% of the herbal supplement marketplace and is predicted to increase at a significant pace of 7.2 percent by 2032.
  • During the timeframe of 2017-2022, curcumin ingredient revenue increased by 9.8%.

“Herbal supplement companies might make a lot of money if they targeted the food and beverage industries. Because of the rising need for biomedical products around the world, the nutritional supplements business might be a strong market for herbal supplements,” says a Future Market Insights analyst.

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Competitive Landscape

Herbal supplement producers are putting a lot of effort into development and technology to ensure the quality of its product.

  • Bio-Botanica: In 2018, the business formed a joint venture with Genomatica to create a new extraction facility. The extracts will be produced according to Genomatica’s methods and will contain the proprietary component Brontide. The extracts are created using a Bio-proprietary Botanica technology that guarantees the extracted substance has as many natural substances as possible.
  • Archer Daniels Midland: The firm announced the acquisition of Protix, a probiotics manufacturer in 2019. This will allow the firm to continue to develop and conduct research in the field of natural healthcare supplements for pets and humans.
  • Herbalife: The firm introduced its meal replacement line in 2022, which focuses on nutrition and is simple to ingest. Shakes, baked pastries, and munchies are among the products available. The firm introduced digestive health supplements with a fibre compound in the year 2021. Production takes place in the United States and Canada.
  • Nuvothera Inc: In the year 2019, the firm announced the beginning of a supplementation project including microparticles Turmeric, which will result in a rise in curcumin-containing drinks. The product is predicted to grow in popularity since it provides certain health advantages and reduces reliance on medications.
  • Applied Food Sciences Inc: In the year 2018, the business released CurcuFlow, that is a curcumin extract. This new substance will be used to generate a non-staining turmeric cleaning solution.

Segments Covered in Herbal Supplements Market Analysis

Form:

  • Soft Gel/Pills
  • Confectionery Products
  • Gummies
  • Chews
  • Others
  • Pharmaceutical Products
  • Chewable pills
  • Gel caps
  • Powder
  • Liquid

Ingredients:

  • Moringa
  • Echinacea
  • Flaxseeds
  • Turmeric
  • Ginger
  • Ginseng
  • Other ingredients (Horehound, Elderberry, etc)

Consumer Orientation:

  • Men
  • Women
  • Senior citizens
  • Others (Kids & Toddlers)

Application:

  • Weight Loss
  • Sports Nutrition
  • General Well-being
  • Immune & Digestive Health
  • Bone & Joint Health
  • Heart Health
  • Other specific requirements (Supplements, Anti-allergies & Eye-health)

Distribution Channel:

  • Store Based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Drug Stores and Pharmacies
  • Health and Wellness Stores
  • Other Retailers
  • Online Retailing

Region:

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Middle East & Africa

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Frequently Asked Questions

  • How much is the current worth of Herbal Supplements market?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the demand outlook forecast for the Herbal Supplements market?
  • Who are the top 5 players operating in the market?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for Herbal Supplements?
  • What outlook does Europe provide?
  • At what rate will the U.S. herbal supplement market grow?

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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Core Plate Varnishes Market | Global Industry Overview and Competitive Landscape till 2027

Core plate varnishes is one of the insulation components to the electrical devices and machines. Manufacturers have developed water borne and heat absorbing varnishes to insulate the electrical steel. Properties present in the core plate varnishes reduce the eddy current losses of the electrical components which enhance the efficiency and life of the components.

Over the decade, consumption of energy has significantly increased over the globe, owing to various factors such as, increasing rate of habitation in urban and rural sector, commercial workspace, growing industrial establishments, per capita consumption, and many more.

Most of the energy is lost during transmission from the generation site to distribution centers. In order to recover this energy and minimization of losses, insulation plays an important role in optimizing the power transmission process.

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These core plate varnishes used to insulate the electrical components such as, motor, generators, transformers, and other electromagnetic poles. The application of core plate varnish in saving the energy is a special technology in which coated laminations of the electrical core are not held together by mechanical or welding connection.

Core plate varnishes applies in two steps, in the first step the electrical components coated with varnishes and keep it for drying in an oven in the second step the insulated components undergoes high temperature and pressure test.

Market Dynamics: Core Plate Varnishes Market

The growth of the core plate varnishes market is expected to propel with a healthy CAGR in between the forecast period. Increasing incidents of accidents due to electrical safety, increasing adoption of electrical services globally are the expected drivers for the growth of core plate varnishes market.

In order to gain maximum profit in the core plate varnishes market manufacturers have strong opportunity to invest in the market. The demand of core plate varnishes is expected to be equally from installation of new units as well as repair and replacement activities.

On the contrary, fluctuating raw material prices is expected to hamper the market growth in the coming future. On the basis of chemical used for insulation of core plate varnishes, polyurethane plays vital role and is expected to boost with the significant market share in the market.

Sustainable innovative technology and variations in properties on the basis of insulations is the current trend in the core plate varnishes market, globally. On the basis of geographical region, the Asia Pacific followed by Western Europe and North America region are anticipated to propel the market demand over the forecast period.

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Regional Outlook: Core Plate Varnishes Market

Increasing per capita consumption, consumer awareness towards the electrical safety, and increasing trend to save more energy by insulation are such factors boost the demand of growth in Asia pacific region. Asia-Pacific held a significant revenue share of the global core plate varnishes market in 2016 and the market in the region is projected to increase at a healthy CAGR over the forecast period.

The Western Europe region is expected to represent significant incremental $ opportunity in core plate varnishes market, North America is expected to gain positive BPS share by the end of 2027 in core plate varnishes market, Middle East & Africa is also expected to grow with healthy CAGR followed by APAC, Europe and North America in core plate varnishes market over the forecast period.

Some of the key players in the core plate varnishes market are

  • Helios Group
  • Rembrandtin Lack GmbH
  • ALTANA
  • SSAB AB
  • TOYO INK
  • BAKELITE HYLAM LTD
  • AXALTA
  • Mäder
  • JOHN C. DOLPH COMPANY
  • Super Urecoat Industries
  • Sichuan Dongfang Insulating Material Co., Ltd.
  • Vishal Enterprises
  • AEV Ltd
  • voestalpine Stahl GmbH
  • Hitachi Chemical Co., Ltd
  • Chetak Manufacturing Co

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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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