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According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Plant Based Ingredients are estimated to reach a value of USD 42 billion by 2032, surging at 12.2% CAGR through the decade. 

As people become even more increasingly health – conscious across the world, there is a growing desire for healthier foods. 

Plant-based food firms are projected to experience development prospects over the years, despite supply chain interruptions, panic purchasing, and storage. The vegan ingredients industry has experienced an upsurge in innovation in recent years. As a substitution for vegan components, a variety of alternatives to meat-based products are being studied. The alternatives are made from plant-based proteins, algae, and cellulose flours. 

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During the pandemic’s early stages, consumers are decreasing their time in stores and supermarkets, but they are also stocking up on food and packaged products containing food additives as a possible treatment. 

Key Takeaways from Market Study 

• North America is expected to have 38% Plant Based Ingredients market share. 
• US holds 65 % Plant Based Ingredients market share in North American Market.  
• Europe is expected to have 31 % Plant Based Ingredients market share. 
• Germany holds 22 % Plant Based Ingredients market share in European Market.  

• Asia is expected to have 20 % Plant Based Ingredients market share. 
• China holds 32 % Plant Based Ingredients market share in Asian Market.  
• Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products. 

“ The growing focus on the consumption of plant based products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights. 

Competitive Landscape 

Plant Based Ingredients have a strongly competitive global market. The agro-based enterprises which provide grains are the market’s main players  

Some of the leading companies offering Snack Pellets are  Ingredion Inc. (US), Archer-Daniels-Midland Company (US), DuPont de Nemours, Inc. (US), Cargill Inc. (US), Puris Proteins LLC (US),BI Nutraceuticals, Inc. (US), Olam International (Singapore), SunOpta Inc. (Canada), Dohler GmbH (Germany), The Scoular Company (US), Trader Joe’s, Simply Balanced, Sweet Earth Natural Foods, Lightlife are the major players in the market. 

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

The study divulges compelling insights on the Plant Based Ingredients Market By Type (Dairy substitutes, Staple food, Specialty food,  Food additives, Nutrients & supplements), By Claim (Non-GMO, GMO, Organic), By Sales Channel (Direct Sales, Specialty Stores, Modern Trade, Convenience Store,  Small Groceries, Online Retail, Other sales Channels), By Buyers Type (Food processors & Manufacturers, Household & Residential., Horeca)

By End-use Application (Food & beverages, Cosmetics & personal care, Nutraceuticals, Agricultural), & Region & Region for 2022 – 2032 and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, APEJ, and MEA). 

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The global egg powder market is set to witness growth at a CAGR of 4.9% and is anticipated to reach a valuation of around USD 2.6 Bn by 2032.  

Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives. 

The growth in protein powder consumption may be attributed to the rising health & wellness trend, with top market players capitalizing in on the rapid expansion of naturally high-protein foods. Leading companies in the industry are competing to grow their revenue streams by leveraging the clean label profile of egg powder. 

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Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals. 

Key Takeaways from Market Study 

• The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period. 
• The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period. 
• North America is inferred to account for 2/5th of the global egg powder consumption  through 2032 
• Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period 

• The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly. 

“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” says a Future Market Insights analyst. 

Competitive Landscape 

Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings. 

This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities. 

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

The study offers compelling insights based on type (whole egg, egg white and egg yolk), end use (food & beverages (bakery, confectionery, sauces & dressing and others), personal care & cosmetics, pharma, dietary supplements, animal feed & pet food, HoReCa and others), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)), across seven major regions of the world. 

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According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of pea milk are estimated to reach a value of USD 238.5 Mn by 2032, surging at 10.4% CAGR through the decade.

Pea milk is made from dry peas and comes in a variety of flavors including original, unsweetened, vanilla, and chocolate. The product’s cream-like texture and healthy content than other plant-based milk are the primary reasons for consumer preference, which contributes to the growth of the pea milk market in the coming years.

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The increase in the number of vegan and diet-conscious consumers around the world is driving the growth of the pea milk industry. Furthermore, the increased concern about lactose intolerance as a result of a lack of the intestinal enzyme lactase fuels the demand for dairy-free or vegan food products. Plant-based milk products are becoming more popular in both mature and emerging markets.

This is due to an increase in the number of people who are allergic to dairy products. Furthermore, an increase in health awareness and an increase in disposable income have increased the size of the pea milk market. Furthermore, the introduction of new healthy ingredients by various market players contributes significantly to the growth of the pea milk market.

Key Takeaways from Market Study

• The United Kingdom is one of Europe’s most promising markets for pea milk. An increasing proportion of the British population will switch to a vegan, vegetarian, or pescatarian diet by 2022.
• The market for pea milk in the United States is expected to grow rapidly, expanding at a CAGR of nearly 8.2% between 2022 and 2032. The US market is expected to have a market share of 60%.
• With the outbreak of the COVID-19 pandemic, consumers are re-evaluating and changing their drinking and eating habits. The market is expected to grow at a rate of 9.1% from 2022-2023.
• PET bottles, which are primarily used in the packaging of drinking water and beverages, are becoming increasingly popular in the pea milk industry.

• Tetra packs of pea milk are expected to account for 40% of global market demand over the next decade. Sales are being boosted by the high convenience attributed to its lightweight and durability.

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“Pea milk is quickly gaining popularity as a dairy substitute. Pea milk is also a good option for people who are allergic to other plant-based products like Pea, whey, almonds, or nuts,” says a lead analyst at Future Market Insights.

Who is Winning?

Key pea milk manufacturers are emphasizing the penetration of mainstream retail markets by introducing a diverse range of product offerings. In addition, they are focusing on forming alliances with leading players as well as acquisitions.

• Wunda, a new pea-based beverage from Nestlé, is “epic in everything” that milk is used for.

The key players profiled in the report include Sproud, Ripple Foods, Snappea Foods, Devon Garden Foods, Qwrkee, Freedom Foods, Vly Foods, Nestle SA, The Mighty Society, and DrinkStar.

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

The study divulges compelling insights on the pea milk based on Flavor (Original, Unsweetened, Vanilla, and Chocolate), By Packaging Type (Bottles and Aseptic Cartons), By Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, E-commerce, and Others), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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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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Currently valued at US$ 5.3 billion in 2022, the global cathodic protection market is anticipated to grow to US$ 7.3 billion by the end of 2028. The cathodic protection market share is expected to grow at a significant rate during the forecast period, owing to the efficient and dependable corrosion protection technology, as well as the increasing demand for corrosion prevention technologies to reduce the direct cost of corrosion.

From 2022 to 2028, the demand for cathodic protection is expected to grow at a CAGR of 5.6%. Cathodic protection is a technique that is widely used to control the corrosion of a metal surface in a harsh environment.

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According to a recent study by future Market Insights (FMI), the cathodic safety market will grow at a nearly 6 percent CAGR by 2028. According to the National Association of Corrosion Engineers’ (NACE) ‘global Measures of Prevention, Utility, and Economics of Corrosion generation (impact)’ study, the global cost of corrosion exceeded US$ 2,500 billion in 2013.

However, by using the usage of the modern-day to be had corrosion manipulation practices, only around 15% to 35% of the total value of corrosion can be saved, that is between US$ 375 Bn – US$ 875 Bn.

The Portable Sandwich Marker Market is expected to escalate at a CAGR of 11.6% from USD 797.4 Million in 2022 to USD 2387.2 Million through 2032.

With all cafes, restaurants and retail outlets closed due to the pandemic, the demand for commercial portable sandwich makers  has plummeted. Due to barriers to trade, the supply chain of  portable sandwich maker market has been disrupted.

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Due to the popularity of breakfast sandwiches, which has contributed to the growth of the portable sandwich maker market, there is a growing demand for portable sandwich makers in homes. Several countries have shut down their industries, causing the production of portable sandwich makers to drop drastically.

In addition, labor mobility is restricted in many places and raw materials are difficult to obtain. A growing number of fast food restaurants, coffee shops and grocery stores across the world are contributing to the growth of the portable sandwich maker market. Portable sandwich makers allow food processors to prepare food quickly, prompting them to buy more of that product.

Several factors are driving the growth of the portable sandwich maker market, including population growth, disposable income, and Western influences on cooking methods.

Rising energy prices, transportation costs, and depreciation increase the cost of portable sandwich makers. This leaves companies fearful of rapidly declining profits, further slowing the growth of the portable sandwich maker market. As products constantly innovate and advanced technologies advance, manufacturers are forced to create new products that meet consumer needs. Top players have created smart portable sandwich makers that are easy to use, and  companies have created products  compatible with connected devices, including smartphones.

Government initiatives are driving the use of energy-efficient appliances and driving consumer demand, leading to the development of portable sandwich makers in a variety of sizes for residential and commercial use.

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 KEY FINDINGS:

• The portable sandwich marker market is expected to develop at a CAGR of 11.6% in the solution space.
• The outer segment of the location type category in the market is likely to lead by 2032.• In the United States, the portable sandwich marker market is estimated to remain dominant throughout the forecast period.
• By 2032 the UK market for portable sandwich markers is expected to show high growth.

COMPETITIVE LANDSCAPE:

In recent years, the portable sandwich marker market has developed a competitive advantage. Industry includes Huayu Electrical Appliance Group Co., Ltd., Zhejiang Wisdom Industry and Trade Co. Ltd., Hamilton Beach Brands, Inc., Nostalgia Products, TTK PRESTIGE LIMITED, Cello World, Ningbo Mengte ImportandExport Co., Ltd., Borosil, Morphy Richards, Breville USA and Russell Hobbs (Spectrum Brands, Inc.).

The market for portable sandwich makers is characterized by the presence of a large number of regional manufacturers with different products. In order to meet the demands of different consumers, these companies develop various strategies such as offering cheap and valuable portable sandwich makers.

Latest Development:

Top players have developed smart portable sandwich makers that are easy to use, and  companies have developed products  compatible with connected devices, including smartphones. For example,
A Griffin technology portable sandwich maker  is compatible with mobile devices via Bluetooth, has defrosting options  and has automatic heating. The convenience of smart and portable sandwich makers is expected to be an important factor in consumer behavior.

Government initiatives are driving the use of energy-efficient appliances and driving consumer demand, leading to the development of portable sandwich makers in a variety of sizes for residential and commercial use.

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Key Segments

By Product Type:

• Single Panini Grill Maker
• Double/Dual Panini Grill Maker

By Material Type:

• Stainless Steel
• Bakelite/Aluminum
• Cast Iron
• Glass
• Others (Alloy, etc.)

By Price Range:

• Low
• Medium
• High/Premium

By Application:

• Residential
• Commercial

By Sales Channel:

• Wholesaler/Distributor
• Hypermarkets/Supermarkets
• Multi-brand Stores
• Specialty Stores
• Independent Small Stores
• Online Retailers
• Other Sales Channel

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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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With centrifugal pumps having a high volume-high growth market, compared to positive displacement pumps size, their superior performance characteristics and extended scope of end-use applications makes them a preferred choice for pumping purposes. In terms of product costs, centrifugal pumps are relatively inexpensive as compared to positive displacement pumps. A latest report published by Future Market Insights also projects that in the years to come, the global sales of positive displacement pumps will be relatively less than that of centrifugal pumps.

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According to the report projections, nearly 3 million positive displacement pumps were sold in the world in 2016. By the end of 2026, global sales of positive displacement pumps are expected to surpass 4.2 million units, registering a moderate growth at 3.3% CAGR. During the same forecast period, the report anticipates the global positive displacement pump market, which is presently valued at US$ 2,212.5 Mn, to soar at 4.2% CAGR and bring in close to US$ 3,500 Mn in revenues. The report has profiled companies such as – Dover Corporation, KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Xylem Inc., Ruhrpumpen Group, Grundfos, The Weir Group PLC, and WILO SE – as leading manufacturers of positive displacement pumps in the world.

Future Market Insights’ report on global positive displacement pump market also observes the market’s saturation in conventional end-use industries as one of its major growth restraint. Pumps designed for high efficiency are expected to garner great demand, hindering the sales of positive displacement pumps due to low product replacement rate amongst end-users. The marginal decline of pump sales caused by this is lowering the outcomes from OEMs and aftermarket sales channels.

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Moreover, moderate growth in conventional end-use industries such as chemicals, food & beverages, mining etc. has generated insignificant demand for positive displacement pumps. Nevertheless, growing water & wastewater treatment sectors in various parts of the world, expansion of power generation industry, favourable government directives, and sustaining demand for pumps in oil & gas industry are factors compiled the report as key drivers for growth of global positive displacement pumps market.

Key Highlights of the Report include
Demand for rotary pumps is projected to remain considerably lower than reciprocating positive displacement pumps, as the latter will procure over 70% stake on global revenues through 2026
Among reciprocating pumps, demand for low-capacity and medium-capacity pumps will remain high, exhibiting growth at 4.5% CAGR and above
In 2016, the global market for positive displacement pumps recorded global sales of over 630,000 low-capacity rotary pumps
Throughout the forecast period, oil & gas will remain the largest application of positive displacement pumps, procuring nearly US$ 830 Mn in revenues by 2026-end
Application of positive displacement pumps in water and wastewater treatment plants will also be considered lucrative growth opportunity in the years to come
With a little over 23%, North America’s positive displacement pumps market will be among the leading regional markets in the world
Europe will also be at the forefront, but the region’s share on global revenues will wane towards the latter half of the forecast period
Asia-Pacific excluding Japan (APEJ) region is being projected as the largest market for positive displacement pumps size, procuring over 26% share on global market value and registering fastest revenue growth at 4.7% CAGR during the forecast period
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Rescue hoists systems are used in saving lives during rescue missions, disaster relief operations across the globe. The rescue hoist is used by coast guards, medical evacuation crews, militaries, fire-fighters and police forces as well as private operators and security forces around the world. Helicopter hoist is a widely used and efficient procedure for both extraction and insertion from a rescue site. There are mainly two types of rescue hoist systems on the basis of the source which are hydraulic and electric type. The two rescue hoist mainly designed include the level wind translating drum rescue hoist system and level wind translating cable rescue hoist system.

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Rescue Hoist Systems Market: Dynamics

Growing demand for emergency response and rescue aerial vehicle coupled with expanding aviation industry is anticipated to be one of the primary factors driving the growth of the market in the upcoming years, owing to concerns over crew rescues and recoveries during mishaps.

The frequent occurrence of natural disasters on land surface and water bodies are resulting in increasing amounts of loss in property and human life in recent years. This has created a massive increase in utilization of emergency rescue and response vessels by disaster response and rescue support organizations worldwide, creating lucrative opportunities for market players.

However, the factors such as strict guidelines and standards from regulating authorities for rescue equipment design is expected to support the growth of the Rescue Hoist Systems market over the forecast period. The restraining effect on the growth of rescue hoist systems can be due to the fact that market maturity will attain within a short span of time from demand fulfilment in existing and potential regions and a prolonged product shelf life. However, the prevalent trend to use better technology components for better results will contribute towards the growth of the demand for Rescue Hoist Systems during the forecast period.

Rescue Hoist Systems Market: Regional Outlook

Geographically, the Rescue Hoist Systems market is segmented into eight regions including North America, the Middle East and Africa, Western Europe, Eastern Europe, Latin America and the East Asia Pacific, South Asia and Oceania.

During the forecast period, Europe and America are expected to hold a major share in the global Rescue Hoist Systems market followed by the Asia Pacific and it is anticipated to dominate even in the forecast period owing to the significant investment from government authorities. The Asia Pacific Is expected to exhibit high growth in the aviation market, also a significant increase in defence spending economies of the Asia Pacific such as China, India, and Vietnam is anticipated to contribute to the growth of regional demand of Rescue Hoist Systems. Rest of the world is estimated to account for a relatively small share of the Rescue Hoist Systems market.

Rescue Hoist Systems Market: Market Participants

Some of the market participants operating across the value chain of the global Rescue Hoist Systems Market are:

• Hitachi Industrial Equipment Systems Co., Ltd.
• Ingersoll-Rand plc
• Columbus McKinnon
• Konecranes Oyj
• SWF Krantechnik GmbH
• KITO Group
• UTC Aerospace Systems
• RUAG Group
• Breeze-Eastern LLC
• JAMCO Corporation

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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.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern 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.
Rescue Hoist Systems Market: Segmentation 

Based On The Type, The Rescue Hoist Systems Market can be segmented as follows:

• Chain Type Rescue Hoist Systems
• Wire Type Rescue Hoist Systems

Based On The Source, The Rescue Hoist Systems Market can be segmented as follows:

• Electric Rescue Hoist Systems
• Hydraulic Rescue Hoist Systems

Based on the design, the Rescue Hoist Systems Market can be segmented as follows:

• Level Wind Translating Drum Rescue Hoist System
• Level Wind Translating Cable Rescue Hoist System

Based on the Source of capacity, the Rescue Hoist Systems Market can be segmented as follows:

• Chain
• Less than 0.20
• 2 – 5.0 Tons
• 1 – 10.0 Tons
• 1 – 15.0 Tons
• 1 – 20.0 Tons
• 0 – 30.0 Tons
• More than 30.0 Tons
• Wire
• Less than 1 Tons
• 1 Tons – 10.0 Tons
• 0 – 15.0 Tons
• More than 15 tons

Based on the End User, the Rescue Hoist Systems Market can be segmented as follows:

• Coast Guards
• Medical Evacuation Crews
• Militaries
• Fire-fighters
• Police Forces
• Others

On the basis of the aircraft type, the Rescue Hoist Systems Market can be segmented as:

• Rotary-wing Aircraft
• Civil Helicopters
• Military Helicopters
• Military Transport Aircraft
• Others

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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