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Eco-Friendly Packaging Materials: Driving Demand for Packaging Additives Market, Reach at a US$ 900 Million by 2033

The global packaging additives market is anticipated to reach a value of US$ 574.0 million in 2023. By 2033, the market is expected to expand at a CAGR of 4.3% to reach a value of US$ 900 million. The packaging additives industry is driven by several factors contributing to its growth and development. One of the key drivers is the increasing demand for sustainable packaging solutions.

With growing environmental concerns, there is a rising need for eco-friendly packaging materials that have a reduced impact on the environment. Packaging additives play a crucial role in enhancing the sustainability of packaging by improving its recyclability and biodegradability and reducing its carbon footprint.

Another driver is the advancements in packaging technology. Continuous innovations in packaging technology have led to the development of new and improved packaging solutions. Packaging additives are integral to these technological advancements, enabling functionalities such as barrier protection, antimicrobial properties, and extended shelf life for various products. These additives enhance the overall performance and functionality of packaging, meeting the evolving needs of consumers and industries.

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While the packaging additives industry offers substantial growth opportunities, it also faces certain restraints that must be addressed. One of the critical restraints is the presence of stringent regulations and compliance requirements. The packaging industry is subject to various regulations and standards related to safety, health, and environmental impact. Manufacturers of packaging additives need to ensure compliance with these regulations, which can increase the cost of production and pose challenges in terms of formulation and ingredient selection.

Another restraint is the volatility of raw material prices. Packaging additives are derived from various raw materials, including petroleum-based products and natural resources. Fluctuations in raw material prices can impact the overall cost of production for packaging additive manufacturers, making it challenging to maintain profitability and competitiveness. This requires manufacturers to closely monitor and manage their supply chains to mitigate the impact of price fluctuations.

The packaging additives industry presents several opportunities for manufacturers and service providers. One significant opportunity lies in the growing demand for sustainable packaging solutions. As consumers become more conscious of environmental issues, there is an increasing demand for packaging materials that are eco-friendly and have a reduced environmental impact. Manufacturers can capitalize on this opportunity by developing and offering eco-friendly packaging additives that enable recyclability, composability, and reduced environmental footprint.

Technological advancements in the packaging industry also provide opportunities for packaging additive manufacturers. The industry continues to witness innovations in materials, processes, and technologies, which open up opportunities for manufacturers to introduce novel solutions. These solutions may address specific industry needs, such as enhanced barrier properties, active packaging, and smart packaging. By staying at the forefront of technology and innovation, manufacturers can gain a competitive edge and cater to evolving market demands.

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Key Takeaways from the Packaging Additives Market:

The United States accounted for a significant share of 26.9% of the global packaging additives industry in 2022.
Germany held a notable share of 2.0% in the global packaging additives industry in 2022.
Japan represented a share of 3.1% in the global packaging additives industry in 2022. Standard: In 2022, Japan held a 3.1% share in the global packaging additives industry.
Australia held a value share of 1.0% in the global packaging additives industry in 2022.
China accounted for a significant value share of 4.4%, while India held a value share of 5.3% in the global packaging additives industry in 2022. The global packaging additives industry was analyzed in terms of value share.
Antimicrobial agents revolutionized the packaging additives industry with a dominating market share of 33.7%.
The food segment led the packaging additives industry with a substantial market share of 47.0%.

What are Key Players Doing to Thrive in Packaging Additives Market?

In a dynamic packaging additives industry, key players are continually striving to stay at the top of the market. They understand the need to unleash innovation and adopt strategies that set them apart from the competition. Here are some key insights into what leading players are doing to maintain their market position:

Unrelenting Innovation: Key players in the packaging additives industry recognize the importance of continuous innovation. They invest significant resources in research and development to create new and improved additives that meet evolving market demands. By staying ahead of the curve, they can offer innovative solutions that address specific customer needs and stay competitive in the market.
Strategic Partnerships: Collaboration is a key strategy employed by top players in the industry. They forge strategic partnerships with raw material suppliers, technology providers, and packaging manufacturers to create synergies and enhance their product offerings. These collaborations enable them to leverage expertise, access new markets, and drive mutual growth.
Focus on Sustainability: Leading players understand the growing importance of sustainability in the packaging industry. They are committed to developing sustainable packaging additives that minimize environmental impact while maintaining product performance. By incorporating eco-friendly materials, improving recyclability, and reducing waste, they cater to the rising demand for sustainable packaging solutions.

Key Developments by Players in the Packaging Additives Market:

BASF has introduced a new range of bio-based packaging additives derived from renewable sources, such as biomass and plant-based materials. These additives offer enhanced sustainability and help reduce the carbon footprint of packaging materials.
Dow has developed innovative packaging additives that enhance the recyclability of plastic packaging. Their additives improve the compatibility of different types of plastics, making it easier to recycle and reduce plastic waste.
Clariant has launched a series of antimicrobial additives specifically designed for packaging applications. These additives inhibit the growth of bacteria and fungi, helping to maintain the hygiene and freshness of packaged products.

Key Segments of Packaging Additives Industry Survey

By Substrate Type:

Packaging Additives for Plastics
Packaging Additives for Metals
Packaging Additives for Paper & Paperboards
Others (Glass)

By Product Type:

Antimicrobial Agents
Antifog Agents
Antistatic Agents
Clarifying Agents
Oxygen Scavengers
UV Stabilizers

By Packaging Type:

Packaging Additives in Flexible Packaging
Packaging Additives in Rigid Packaging

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa (MEA)

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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
Website: https://www.futuremarketinsights.com
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Microbial Food Culture Market Poised for 6.10% CAGR Growth, Fueled by Rising Demand for Nutrient-Enhanced and Preserved Food Products

The CAGR for the Microbial Food Culture Market from 2024 to 2034 to stand at 6.10%. The growing field of microbiology has changed the nature of food in varied ways.

Microbial food cultures are a group of microorganisms such as bacteria, fungi, and mold used in the food and beverage industry for processing food items. They are often used to preserve food, improve and enhance the nutritional value, so it does not depreciate.

Times before now, fermentation has been a food preservation process practiced worldwide. Fermented food products have been part of humans’ regular diet. There are many health benefits attributed to fermentation as a food preservation process, and this has fostered the rise in demand for food products or items preserved through it.

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The microorganisms used in food cultures often impart acidity, flavour, and texture to final food products. While the organisms are present in food naturally, they can also be added artificially as a starter culture in industrial food processing.

Growing demand for natural products, rising disposable income, and the increasing number of working women are major factors driving the growth of the global microbial food culture industry. Other factors, like increasing consumers’ awareness regarding the health benefits associated with the consumption of natural products, is another growth driver expected to drive the microbial food cultures market forward over the forecast period.

Microbial Food Cultures Market Growth Driven by Increasing Demand for Starter Cultures

Over the years, there has been substantial growth in the consumption of fermented food products due to their valuable traits such as the extension of shelf life, preservation, and sensory quality. These attributes have fostered the rise in demand for microbial food cultures industry, and this is expected to continue over the forecast period.

However, fermented food products are manufactured using the starter cultures process for specific and expectable fermentation. Starters such as yeast and Lactic Acid Bacteria (LAB) are the highly studied starters used in various fermented food product production process.

Growing Consumer Demand for Healthy Food Products

With the rise in awareness regarding the health benefits associated with the consumption of fermented food products, there has been a surge in demand for microbial food cultures globally. Consumers are on the rise for healthy food products such as functional food and probiotic food supplements.

This surge in consumers’ demand has fostered the increase in demand for microbial food cultures, and this is expected to continue over the forecast period. In addition, manufacturers are switching towards the production of new food products with value addition of

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Microbial Food Cultures Market: Competitive Landscape

AECI Limited
CSK Food Enrichment
Cargill Incorporated
Chr. Hansen A/S
Lactina Ltd.
Koninklijke DSM N.V.
Frutarom
The TATUA Co-operative Dairy Company Ltd
Vitakem Nutraceutical In.

Microbial Food Culture Market by Category

By Product Type:

Probiotics Culture
Starter Cultures
Adjunct and Aroma Cultures

By Microorganism Type:

Bacteria
Mold
Yeast

By Function:

Flavoring Agent
Texturizing Agent
Preservative Agent
Coloring Agent
Nutritional Agent
Other Functions

By End-Use Industry:

Dairy Industry
Beverages
Bakery and Confectionery Industry
Fruits and Vegetable Industry
Other Industries

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About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani
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
Website: https://www.futuremarketinsights.com
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Animal Feed Market Poised to Reach US$ 929 Billion by 2033, Fueled by Rising Demand for Protein and Aquaculture Growth

According to Future Market Insights (FMI), the global animal feed industry is set to be valued at US$ 530.0 billion in 2023. It is anticipated to reach US$ 929.0 billion by 2033. Over the next ten years, global animal feed demand is likely to increase at a CAGR of 7.3%.

Increasing world population has boosted demand for animal protein. Demand for the production of livestock and poultry has surged as more individuals move into the middle class and adopt diets high in meat & dairy products. A greater amount of animal feed is needed to meet this demand.

Rising demand for animal feed is partly a result of economic growth in emerging markets. Populations of nations such as China, India, and Brazil are demanding more varied meals as a result of rising industrialization and urbanization of those nations. As a result, people are eating more meat, which has increased the need for animal feed.

Growth in demand for animal feed has been significantly influenced by expansion of aquaculture. In order to address the rising global demand for seafood, fish farming has gained immense popularity.

For fish to develop effectively, feed must be nutrient-rich. Need for specialized feeds made for various species increases as aquaculture develops.

Research & developments in animal nutrition have shown the advantages of tailored diets for livestock and poultry. In order to enhance animal health, growth rates, and product quality, farmers and producers are beginning to realize how crucial it is to provide balanced & high-quality feed. Due to this awareness, feed formulations are becoming more complex, and demand for specialty feed products is rising.

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Global demand for animal feed is on the rise, in part due to ongoing expansion of the pet food sector. Demand for premium pet food has soared as more people acquire pets and cherish them as beloved family members.

A sizable market has been generated for specialty pet food formulations that meet distinct dietary requirements of multiple animal species, including dogs, cats, and exotic pets. Demand for components used in animal feed is increased by the sector’s heavy reliance on it.

High-performance animal breeds that need specialized diet have emerged as a result of improvements in livestock genetics and breeding methods. These genetically enhanced animals have special nutritional needs to sustain their development, output, and general wellbeing.

To address the unique nutritional requirements of these animals, there is a growing demand for customized and specialized animal feed formulations. This trend is especially noticeable in the poultry and dairy sectors, where maximizing production and performance is highly valued.

Key Takeaways from the Animal Feed Market Report:

The global animal feed industry elevated at a CAGR of 6.1% from 2018 to 2022.
The United States animal feed industry is projected to witness a considerable CAGR of 6.3% in the next ten years.
China animal feed industry is anticipated to reach a valuation of US$ 101.6 billion by 2033.
The United Kingdom animal feed industry is likely to register a CAGR of 5.4% from 2023 to 2033.
By source, the plant-based segment is projected to hold the most prominent animal feed market share in 2033.

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“Through a variety of factors, the retail sector is vital in driving up demand for animal feed. Retail businesses might directly affect consumer choices by providing an extensive selection of animal-based goods. It is hence expected to open door to new opportunities” – says a lead analyst at Future Market Insights (FMI).

Who is winning?

Leading companies are placing a strong emphasis on quality assurance in the global animal feed industry. They are doing this by putting strict testing and quality control procedures into place at every stage of the manufacturing process.

They are further gaining certificates such as good manufacturing practices (GMP) or quality certifications for the production of organic or non-GMO feed. The credibility and confidence of customers can be increased with this tactic.

Brands might additionally distinguish their animal feed products by providing distinctive formulas, specialist ingredients, or particular advantages catered to certain animal species. They can differentiate themselves in the market and satisfy particular needs thanks to this tactic.

In order to address the rising demand for ecologically friendly products, numerous animal feed companies might implement sustainable and eco-friendly procedures. They can use less waste, water, and energy while obtaining materials from sustainable agriculture.

For instance,

Evonik declared its intention to release an improved version of Biolys in May 2023. It would be a reliable source of lysine for animal feed. Clients will be able to more efficiently meet the essential amino acid L-lysine needs of their animals.

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Animal Feed Market Outlook by Category

By Species:

Poultry (Commercial)
Backyard Poultry
Ruminants (Cattle, Sheep, Goats)
Swine
Equine

By Form:

Wet/Moist Food
Dry Kibble
Semi-moist Food
Frozen
Freeze-dried Food

By Source:

Plant-based
Animal-based
Micro-organisms

By Sales Channel:

Direct Sales
Indirect Sales
Modern Trade
Animal Feed Stores
Veterinary Clinics
Online Retailers

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & AfricaAbout Future Market Insights (FMI)Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Contact Us:
Nandini Singh Sawlani
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Organic Edible Oil Market Set to Reach US$ 7.43 Billion by 2033, Fueled by Health and Environmental Trends

The global organic edible oil market is poised for substantial growth, projecting a valuation of US$ 7.43 billion by 2033, with a CAGR of 9% from 2023. In 2023, the market is anticipated to reach US$ 3.14 billion, driven by factors like health and wellness trends, environmental concerns, government regulations, and rising disposable incomes.

Overview of the Market

The organic edible oil market is experiencing robust growth due to increased consumer awareness of the health benefits and environmental sustainability associated with organic products. Factors such as government regulations, rising disposable incomes, and a growing demand for plant-based products contribute to this upward trajectory. The market is forecasted to grow at a CAGR of 9%, reaching US$ 7.43 billion by 2033.

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Demand Dynamics

Consumers’ preference for organic edible oils is fueled by their desire for natural, healthier, sustainable, and environmentally friendly options. Organic edible oils, free from harmful chemicals and pesticides, are gaining traction. Olive oil, known for its essential properties and low cholesterol benefits, is a preferred choice for cooking.

Growth Factors

Key growth factors include a shift towards plant-based diets, increased availability and accessibility, and a rising demand for natural foods. The market is further stimulated by the food industry’s incorporation of organic edible oils and the adoption of organic farming practices.

Key Takeaways:

The organic edible oil market is estimated to secure a CAGR of 9% with a valuation of US$ 7.43 billion by 2033.
Historically, the market captured a valuation of US$ 2.04 billion in 2018.
India is leading the global market by producing a maximum share during the forecast period.

Which Strategies are Implemented by Key Players in the Global Market?

Key players are implementing various strategies in the global market to maintain their market position and growth. A few common strategies are:

Product Diversification: Key Players in the market offer a wide range of products to cater to different customer needs. It helps them capture a huge market share and build customer loyalty.
Branding and Marketing:Strong branding and marketing strategies are important for key players to build brand recognition and consumer awareness. They invest in marketing and advertising campaigns to reach a wider audience and differentiate their products from competitors.
Sustainable and Ethical Practices: Sustainable and ethical practices are increasingly important to consumers, and key organic edible oil market players often highlight their values. They may use environmentally-friendly production methods, source ingredients from local and sustainable sources, and use eco-friendly packaging.
Innovation: Key players in the market may invest in research and development to create new and innovative products that meet consumers’ changing needs and preferences. They may also adopt new technologies to improve production efficiency and reduce costs.

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Recent Development in the Organic Edible Oil Market are:

Wilmar International:Wilmar International is an agribusiness company that produces and sells organic edible oils under its brand, Fortune. In July 2021, Wilmar International announced that it had agreed to acquire a 50% stake in FFM Berhad.
Adams Group:Adams Group is a family-owned company that produces and sells organic edible oils, including organic soybean oil and sunflower oil. In July 2021, Adams Group announced that it had acquired J.M. Smucker Co.’s Natural Oils business assets, including the brand name Crisco.

Organic Edible Oil Market by Category

By Type:

Palm Oil
Rapeseed Oil
Coconut Oil
Soybean Oil
Olive Oil
Sunflower Oil

By Distribution Channel:

Specialty Stores
Convenient Stores
Supermarkets/Hypermarkets
Online Retail Stores

By Region:

North America
Europe
Latin America
Asia Pacific
Middle East Africa

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Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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Frozen Fruits and Vegetables Market Set to US$ 8.24 Billion by 2033, Driven by Growing Consumer Demand and Nutritional Benefits

In 2023, the frozen fruits and vegetables market was estimated to be worth US$ 4.31 billion and was projected to expand at a CAGR of 6.7%. In 2033, it is expected that the frozen fruits and vegetables market is anticipated to be worth US$ 8.24 billion. Unseasonal fruits are likely to continue to grow in popularity because of their outstanding nutritional value and freshness on a worldwide scale.

Frozen Fruits and Vegetables are Difficult to Degrade when Exposed to Light, Heat, and Dust

Due to the numerous advantages of frozen produce, consumer demand for frozen fruits and vegetables is rapidly increasing. The process of freezing fruits and vegetables preserves their color, flavor, and nutritional value. It suppresses bacterial growth and delays decay by freezing the liquid that is left over.

Having been frozen, fruits and vegetables are also more resistant to deterioration brought on by difficult transport and exposure to light, heat, and dust. They have a lot to offer, including low cost, ease of preparation, and availability throughout the year.

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Preparation-free Food that Saves a Ton of Time Drives the Market Growth

Consumers are switching to frozen fruits and vegetables since they don’t need to be cleaned, peeled, or chopped, because of extended work hours, growing health consciousness, and the incidence of lifestyle diseases.

While maintaining a high level of nutrition, they assist in cutting down on overall cooking time. As a result, producers are introducing distinctive product versions that use herbs and spices from regional produce to diversify their product lines and draw in a wide customer base.

Growing middle-class populations, particularly in Asian nations, with rising income levels, are positively influencing the frozen fruits and vegetables market expansion. In addition, consumers now favor using their credit or debit cards to pay for their online purchases to get over regional restrictions. This is giving the market’s expansion a boost, working in tandem with the booming e-commerce sector.

Regional outlook

While the global frozen fruits and vegetables market is divided into five distinct geographical areas, including Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America.

The North American region has recently led the industry in terms of the industry share. North America’s dominant position in the global market can be ascribed to the availability of strong and well-trained cold chain logistics facilities, as well as related infrastructure, in the region.

The market in Asia Pacific, on the other hand, is expected to increase at a considerable rate in future years, owing to the changing lifestyle and food preferences of the region’s consumers.

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Key Takeaways

During the projected period, the United States frozen fruits and vegetables market is expected to be worth US$ 6.9 billion.
China is expected to reach a market size of US$ 5.6 billion over the forecast timeline, with a CAGR of 4%.
Japan and Canada are expected to increase at 1.4% and 2%, respectively, throughout the predicted period.
Germany’s frozen fruits and vegetables market is expected to register a 1.8% CAGR through 2033.
During the projection period, frozen tropical fruits accounted for more than 40.0% of the market.
Frozen berries are predicted to record a CAGR of 7.5% between 2023 and 2033.
During the forecast period, the offline segment I expected to dominate the market with a share of more than 80.0%.
The online distribution channel is predicted to expand with a CAGR of 7.7% until 2033.

Competitive Landscape

The research report thoroughly examines one of the most significant producers and businesses functioning in the global frozen fruits and vegetables market, as well as their present market positioning and market share.

Some of the top companies operating in the landscape of the global frozen fruits and vegetables market include Findus Sverige AB, Simplot Australia PTY Ltd., Pinnacle Foods Corp, Bondeulle Group, SunOpta, Inc., Fruktana Ltd., Breukers Schamp Foods, HJ Heinz, Ardo N. V., Dole, General Mills, Capricorn Food Products India, Ltd., Alasko Foods Inc.

According to recent studies, there is anticipated to be intense competition in the global market during the next few years.

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Recent Developments

In November 2021, Nestle released ‘Wildspace.’, which comprises a wide choice of healthy frozen meals packaged in reusable and recyclable containers. It provides at least six distinct types of meals.
In September 2021, Grupo Bimbo added four frozen bakeries to its lines in the Argentina factory. This has proven to be a beneficial move as the company expands its export business in adjacent countries.

Key Segments

By Product Type:

Frozen Vegetables
Frozen Fruits

By Distribution Channel:

Online
Offline

By Region:

North America
Asia Pacific
Europe
Latin America
Middle East Asia

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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
Website: https://www.futuremarketinsights.com
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Cattle Feeder Market Poised to Reach US$ 4.24 Billion by 2033, Driven by Rising Meat Consumption and Technological Advancements

It is estimated that the cattle feeder market is likely to be valued at US$ 2,980 million in 2023, and likely to reach US$ 4,240 million by 2033. During the forecast period, the demand is anticipated to expand at a CAGR of 3.5%.

The increased consumption of meat protein and the increased emphasis on the quality of the components used in animal feed are two factors that are associated with the demand for these innovations. The industrialization of cattle products, such as meat and dairy products, as well as the growing population, both aided the adoption of cattle feeder.

The primary drivers of market expansion for cattle feeder are revenue creation from the beef industry, technical advancements, and government initiatives to improve livestock farming.

Increased demand for meat and other animal-based products, easy accessibility, and growing concern for animal health & welfare all contribute to the sales of cattle feeder.

The rise in demand for feed additives presents cattle feeder manufacturers with an opportunity to provide a variety of equipment and cutting-edge technology.

Due to the rise of feed-based industries in the Asia-Pacific region, the market is anticipated to increase during the anticipated period. Numerous operators in the North American cattle feeder industry must manage changing input and output expenses.

New market entrants in the cattle feeder industry still have incredible prospects, even if the majority of prices, such as feed and loan rates, are determined by the major competitors.

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Key Takeaways

In 2022, the US rules the cattle feeder market, with a share of 26.8%.
The market for cattle feeder increased at a 3.1% CAGR between 2016 and 2022, citing FMI’s study.
The expansion in China is anticipated to expand at an adequate CAGR of 2.8% by 2033. China’s market is likely to generate a share of US$ 340.9 million by 2033.
Japan’s market share for cattle feeder is 3.9% in 2022 due to changing dietary habits.
Between 2023 and 2033, the cattle feeder market is likely to increase in India at 4.1% CAGR, respectively.
The expansion in the UK is anticipated to expand at an adequate CAGR of 3.8% by 2033. The UK’s market is expected to generate a share of US$ 369.5 million by 2033.
Germany’s market share for cattle feeder is 18.4%, with the worth of US$ 531.2 million in 2022.

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Key Manufacturers of Cattle Feeder

Innovations in feeder systems and new product development are significant market drivers. Cattle feeder companies are investing in R&D to develop cutting-edge solutions that boost output while cutting expenses.
Automation and system integration are still essential elements in reducing costs and increasing cattle feeder output. Due to the problem with the market, the development of feeders might be hampered by less priced alternatives.

Recent Developments:

The Aller Aqua Group unveiled POWERRAS in May 2019, which satisfies the demands for perfect water quality and great feed efficiency.
In May 2019, FURRY TAIL, a participant in the MiOT Ecosystem, unveiled the Smart Pet Feeder. The automatic animal feeder system is connected to an application (app), which permits automatic feeding of the animals.

Key segments

By Type:

Manual
Autonomous

By Animal Type:

Mature Ruminants
Young Ruminants

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East & Africa (MEA)

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NPK Fertilizers Market to Reach US$ 4.44 Billion by 2033, Driven by Increasing Demand for Nutrient-efficient Agriculture

According to a report published by FMI, the global NPK Fertilizers Market will be valued at US$ 3.03 Bn in 2023. It is expected to grow at a CAGR of 3.9% during the forecast period, reaching a value of US$ 4.44 Bn by 2033.

In addition to improving crop quality and yield, their use reduces application costs. Increasing public awareness of the benefits of NPK fertilizers promotes market growth. In most of the region, commercial feed and high-protein food are becoming more prevalent.

To ensure healthy plant growth, NPK fertilizers (feed-grade and food-grade) are widely used in agriculture. They are available in liquid, gaseous, and granular forms. By ensuring nutrient and water efficiency, it reduces fertilization costs while also increasing demand for NPK fertilizers.

Increased accuracy in cultivating, using, and applying NPK manures, as well as improved crop security provided by NPK manures, are spurring consumer demand for high-quality compost. As a result of the increased consumption of fresh fruits and vegetables, wheat, and rice, among other things, the global market for NPK fertilizers is also growing.

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Growing demand for NPK fertilizers has been spurred by advancements in farming and agriculture techniques. As most leading manufacturers are well aware, consumers demand high-quality food grains and foodstuffs.

Key Takeaways from the NPK Fertilizers (Feed-Grade and Food-Grade) Market

The global market for NPK fertilizers is projected to generate US$ 4.44 Bn by 2033, growing at a CAGR of 3.9%.
It is expected that Asia Pacific will continue to hold the largest market share and grow at a moderate-paced CAGR of 6% predicted to reach US$ 641.31 Mn by 2033.
Phosphorus market is growing at a CAGR of 4.5% and is expected to reach US$ 2.2 Bn by 2033.
The powder segment is projected to be the fastest-growing form of NPK fertilizers (feed-grade and food-grade). In the powder segment, consumers are attracted mainly by its ease of use, consistency, and ability not to alter the desired texture of food products.
China is expanding at a CAGR of 6.6% while Germany is growing at a CAGR of 2.8% in the forecast period.
US registered a market valuation of US$ 769.51 Mn in 2023 and is projected to reach a valuation of US$ 947.27 Mn by the end of 2033.

“Dairy products, meat products, bakery products, and beverages are among the industries that are increasing their demand for NPK fertilizers (feed-grade and food-grade). This is driving the market to grow.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Competition Landscape in the NPK Fertilizers (Feed-Grade and Food-Grade) Market

To expand their product portfolios and attract consumers from a variety of industries, several manufacturers are introducing multi-performance variants. Among the strategies, companies employ to improve their market position in mergers and acquisitions. These strategies have helped the company become more competitive and improve its market position.

Borealis AG (Austria), Yara International ASA (Norway), Petróleo Brasileiro S.A. (Brazil), The Mosaic Company (US), AkzoNobel (Netherlands), Israel Chemicals Ltd. (Israel), EuroChem (Switzerland), PotashCorp (Canada), Agrium Inc. (Canada), Alltech (US), PhosAgro (Russia), Haifa Chemicals (Israel), Aditya Birla Chemicals (India), SKW Stickstoffwerke Piesteritz (Germany) are some of the key players operating the global NPK fertilizers (feed-grade and food-grade) market.

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Recent Developments in the NPK Fertilizers (Feed-Grade and Food-Grade) Market

EuroChem announced in February 2022 that it had begun exclusive negotiations to acquire Borealis’ nitrogen operations.
Sinofert Holdings Limited, a subsidiary of State Power Investment Corporation (SPIC), invests in Sinofert II LLC, a fertilizer manufacturing company in India with the same annual production capacity as SPIC’s existing plant in Sichuan Province, China.
Petrobras’ fertilizer plant will be purchased by the Russian company Acron in February 2022.
The Acron Group has developed new brands of NPK complex mineral fertilizers for cereal crops grown in West and East Africa. These new products are being developed at the company’s Veliky Novgorod site in Russia.

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NPK Fertilizers Market by Category

By Type, the NPK Fertilizers Market is Segmented as:

Nitrogen
Phosphorus
Potassium
Others

By Form, the NPK Fertilizers Market is Segmented as:

Powder
Liquid
Others

By Application, the NPK Fertilizers Market is Segmented as:

Bakery Products
Meat & Meat Products
Dairy Products
Beverages

By Region, the NPK Fertilizers Market is Segmented as:

North America
Latin America
Europe
The Middle East and Africa
East Asia

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Iced Tea Market Expected to Reach US$ 12,132 Million by 2034, Driven by Rising Demand for Bottled Tea and Flavored Varieties

The iced tea market size is anticipated to be worth US$ 12,132 million by 2034. According to the estimates, the market is projected to clock a 6.0% CAGR until 2034. In 2024, the iced tea market size is valued at US$ 6,753 million.

Iced tea drinkers often look to quench their thirst, and bottled tea is the convenient on-the-go solution. According to the tea association, bottled iced tea is the largest segment, at nearly half or US$ 5.2 billion, of the industry’s total wholesale value, having grown by 15 times over the last decade. Hotels, universities, and gyms keep fridges stocked with fruits-infused flavors like peach, lemon, and raspberry or tea-flavored energy drinks like Nestea Steal and Guyaki yerba mate.

Key Takeaways

United States Steeped in Iced Tea Bliss: The United States embraces its love for energizing flavors and stands tall as the reigning superpower in the global iced tea market, with a sizeable market share of 21.1%.
Germany Brews Up a Tasty Trend: As customers look for flavor variety and healthier beverage options, Germany’s 7.7% market share demonstrates a rising appreciation for iced tea.
Japan’s Slow Steep: Despite having a small market share of 4.8%, the nation of tea rituals and traditional brewing techniques offers potential for creative iced tea products to appeal to the sophisticated Japanese palate.
Australia Takes a Sip Down Under: With a 2.2% market share, Australia’s sunny coastlines are the perfect location for iced tea consumption, as tourists seek out cool, thirst-quenching drinks to beat the heat.
China and India’s Consistent Rise: The market shares of China, which represent 11.7%, and India, which represent 4.1%, show the growing popularity of iced tea in these large countries, which is supported by rising disposable incomes and shifting consumer preferences for healthier beverage options.
The United Kingdom is starting a tea revolution with a 5.4% market share, adopting iced tea as a hip and modern twist to its long-standing fondness of traditional brews.

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Competitive Landscape

The iced tea market is highly competitive due to the presence of established players, similar product offerings, and low barriers to entry for new companies. Differentiation and strategic marketing are crucial for gaining a competitive edge and securing consumer loyalty.

Starbucks

This coffee shop business also offers a selection of iced teas. Iced teas from Starbucks are renowned for their superior quality and extensive flavor selection.

Nestle

The Nestea brand is used by the multinational food and beverage business Nestlé to market a variety of iced teas. Iced teas from Nestea are renowned for their affordability and convenience.

Arizona Beverages

A company that specializes in iced tea in cans is called Arizona Beverages. Iced teas from Arizona are renowned for their strong flavors and affordable costs.

PepsiCo

Under the Lipton brand, the multinational food and beverage business PepsiCo offers a range of iced teas. Iced teas from Lipton are well-known for their traditional flavors and extensive availability.

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Key Developments

Flavored Iced tea: As customers desire a larger range of flavor options, the market for flavored iced teas is expanding. As a result of this trend, fresh and creative flavors like mango, peach, and raspberry have been created, appealing to shifting customer preferences and broadening the market’s appeal.
Expansion into New Markets: Companies are carefully expanding into new areas, particularly those in Asia, South America, and Africa, in response to the rising demand for iced tea. By leveraging the untapped potential in these areas and reaching out to growing customer bases, this regional expansion intends to accelerate the global iced tea market’s overall growth trajectory.

Key Segments Covered in the Iced Tea Market Report

By Format:

Ready-to-Drink
K-cups
Bottled
Stand-up Pouches
Powdered Mixes
Cartons
Tins/Jars
Concentrates
Sachets
Tea Bags

By Base:

Green Tea
Black Tea
Herbal Tea
Oolong Tea
White Tea
Matcha Tea
Fruit
Chai

By End Use Application:

Food Service
Bakeries & Patisseries
Airport Retail
Travel Retail
Retail
Hypermarket/Supermarket
Convenience Stores
Departmental Stores
Wholesale Stores
Online Retailers

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Butter Powder Market Set to Reach US$ 4.4 Billion by 2033, Driven by Demand for Clean-label Products and Convenience in Food Industry

In 2023, the butter powder market has been evaluated to reach a global market value of US$ 2.4 billion. With a growth rate at a CAGR of 6.3% during the forecast period, this market is estimated to appreciate almost twice its market value globally in 2033. As per FMI, the butter powder market is approximated to touch a market value of US$ 4.4 billion by 2033.

The flourishing of the butter powder market can be chalked to various factors that boost its growth. The growing appreciation of clean-label products and whole foods has molded the food industry such that ingredients utilized are highly selective, making butter powder a high-demand product.

With an increasing demand for nutritional food alternatives among the youth, food brands must introduce a flavored selection. This necessitates using butter powder to replace its parent product, butter, as it has a better shelf life and is convenient. However, the taste and texture of butter cannot be provided by butter powder, thereby limiting its applications to those foods that merely utilize it for flavoring and additives.

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The butter powder market has massive potential to grow in the plant-based alternatives shelves. The majority consumer base of butter powder lies among the youth—the millennials and the gen-z population, due to which there has been an exponential rise in the awareness of veganism and vegan alternatives as a response to climate change. Vegan butter powder is an avenue yet to be explored in depth by the butter powder market, which will result in its progression to the estimated market value in 2033.

Consumer perception and acceptability of a product are integral to its success in the market. Due to its unconventional nature compared to butter, powdered butter may face consumer perplexity and resistance to replacing original butter and other similar alternatives.

Key Takeaways

The share of the United States’ butter powder market was valued at 22.8% in 2022, making it one of the lead shareholders of the market.
In 2022, Germany held 7.4% of the value share in the global butter powder market.
Japan was a global market value shareholder of 3.1% in 2022, depicting a potential undertaking in the forecast period.
The Chinese market is estimated to have a CAGR of 11.4% by 2033, potentially increasing its value share in the global butter powder market during the forecast period.
In 2033, the CAGR of the butter powder market in India is gauged at 5%.
The United Kingdom’s butter powder market is speculated to grow at a rate such that the CAGR is 5.1% in 2033.

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What are the recent developments in the competitive field of the butter powder market?

The branding and marketing of the butter powder product is a crucial part of the progress graph of the competitors of the market as it increases the customer base and promotes the benefits of the product itself. Companies performing in the market are largely focused on increasing their customer base by reaching out to them through advertisement and other marketing tactics.

Some of the latest key performers of the market are,

Olam International

Olam International, a Singapore-based company, is a leading manufacturer of butter powder in the global market. In 2022, they observed 16.8% YoY growth, projecting US$ 4.06 billion in revenue.

Arla Foods

Arla Foods, a Swedish company headquartered in Denmark, is a key player in the butter powder market. The company has observed steady growth in its revenue over the last five years until 2022.

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Butter Powder Market Segmentation

By Product Type:

Dairy-based
Vegan

By Nature:

Organic
Conventional

By Application:

Baked Goods
Dairy Products
Dry Beverage Mix
Confectionery
Snack Food
Breakfast Cereals
Dietary Supplements
Sports Nutrition

By Region:

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

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Frozen Vegetables Market Expected to Reach US$ 53.8 Billion by 2024, Fueled by Increasing Demand for Convenient and Healthy Food

The global frozen vegetables market is predicted to surge at a CAGR of 6.0% through 2034. Sales revenue of frozen vegetables is estimated to be worth US$ 53,830.60 million in 2024.

Frozen veggies have a longer shelf-life, as compared to fresh vegetables and are thus easier to transport in various parts of the globe. These are stored at a temperature that is lower than the freezing point.

Increasing working population in both developed and developing countries is anticipated to positively impact the demand for ready-to-cook or readymade food products. Besides, growing awareness regarding health benefits associated with the consumption of frozen veggies and high demand for frozen food products are predicted to drive the global frozen vegetables market during the assessment period.

demand for frozen veggies is projected to surge among the working population to save time required for chopping and purchasing vegetables in day-to-day life. Recently, a study conducted by RaboBank found that the importation of frozen sweet potatoes, especially from the U.S., has gained traction over the past half-decade. It is expected to grow in future, thereby pushing the demand for frozen vegetables globally.

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Key Takeaways: Frozen Vegetables Market

Europe is expected to dominate the global market by accounting for the maximum share of about 30% in 2022, followed by North America.
The U.S. is set to generate the largest frozen vegetables market share of nearly 82% in the evaluation period.
By product type, frozen corn is expected to account for the lion’s share in the global frozen vegetables market by 2024.
Based on distribution channel, online retailers are expected to grow at a steady pace, as compared to all the other segments over the assessment period.
Rising number of convenience food sales outlets across the U.K. is anticipated to propel the Europe frozen vegetables market in the forthcoming years.

“Demand for frozen vegetables is increasing globally because of surging consumption by the health-conscious millennial population,” says a Future Market Insights analyst.

Competitive Landscape: Frozen Vegetables Market

Several key players are adopting numerous marketing and promotional strategies such as partnerships, collaborations, mergers & acquisitions, new product launches, and geographical expansions to compete with their rivals in the market.

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More Valuable Insights on Frozen Vegetables Market

Future Market Insights, in its new report, offers an impartial analysis of the global frozen vegetables market, presenting historical data (2019-2023) and estimation statistics for the forecast period of 2024-2034.

The study offers compelling insights based on product type (broccoli, green peas, asparagus, mushrooms, spinach, corn, green beans, and others), end user (food service industry and retail customers), and distribution channel (direct and indirect) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa) of the world.

Frozen Vegetables Market Outlook by Category

By Product Type:

Broccoli
Green Peas
Asparagus
Mushrooms
Spinach
Corn
Green Beans
Others

By End Use:

Food Service Industry
Retail Customers

By Distribution Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Grocery Stores
- Online Retailers
- Other Channels

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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