Market Research Blog – Page 10869 – New Product Development

Fermented Dairy Ingredients Market Recent Scenario and Industry Growth Forecast with Major Key Players data by 2031

This growing consumption of milk and milk products is creating significant growth opportunities for dairy product manufacturers who are now incorporating additional value to their products using fermented diary ingredients. Future Market Insights’ latest report projects that global fermented dairy ingredients market revenue will increase at a CAGR of 8.7% during the forecast period (2017–2027).

Demand for nutritional products has soared in recent years, especially in developing countries where malnourishment remains a major concern. Fermented dairy products being a major source of nutrition are gaining traction in both developed and emerging countries.

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Food and Agriculture Organization (FAO), revealed that approximately 150 million households are currently engaged in milk production across the globe. Over the last three decades, the global milk production has increased by over 50%, from 500 million tonnes in 1983 to 769 million tonnes in 2013.

As per the report, the global fermented dairy market is slated to reach a valuation of US$ 4,856.5 Mn by the end of 2017. Increasing per capita expenditure on dairy products is expected to favour the future prospects of the global fermented dairy ingredients market. The report also assesses that fermented dairy ingredients are likely to face stern competition from cheaper alternatives available in the market.

In addition, growing consumer preference for alternative products such as probiotics and other supplements is expected to dampen the surging spirit of the global fermented dairy ingredients market to a certain extent. Fluctuating prices of fermented dairy products and unsafe handling process that compromises product safety and quality is also subduing the growth of the market in regions such Europe and Asia Pacific.

By product type, cheese currently accounts for the largest value share of the market followed by flavoured milk. This is primarily owing to the growing interest of dairy ingredient manufacturers to bring new innovative cheese products with unique flavours and improved textures in order to increase the product value. Meanwhile, the yoghurt segment is projected to witness the fastest CAGR, as the global consumption of yoghurt is on the rise.

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Among regions, the market in Western Europe accounted for the largest revenue share in 2016, reaching a valuation of US$ 1,366 Mn. Towards the end of forecast period, the region’s market is expected to stand at US$ 3,575.7 Mn, expanding at a CAGR of 9.2%. The abolition of milk quota system and increasing demand for frozen and freeze-dried starter dairy cultures is driving the market for fermented dairy ingredients in Western Europe. Asia Pacific (APEC) and North America are the two other lucrative markets for fermented dairy ingredients. Between 2017 and 2027, the market in APEJ is set to witness a robust CAGR of 10.5%, which is credited to the rising popularity of flavoured milk among consumers across China and Australia.

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Some of the leading companies profiled in the report include Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Chr. Hansen Holding A/S, Cargill Incorporated, Bioprox (A subsidiary of Proxis Développement), Novozymes, Kerry Inc, Archer Daniels Midland Company, Ingredion Incorporated, Arla Foods Ingredients Group P/S, Lake International Technologies, DairyChem Inc., CSK Food Enrichment, CP Ingredients Limited, Epi Ingredeints, Dairy Connection Inc., Socius Ingredients LLC, The Tatua Cooperative Dairy Company Ltd, Koninklijke DSM NV, Corbion.

Manufacturers are providing ingredients according to specific requirements of the client. Also, many of the players are actively focusing on launching variety of ingredients in the market to increase their consumer base.

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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 9-years.

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Digestion Resistant Maltodextrin Market Growth, Potential Key Trends, Share, Demand and Analysis– Forecasts to 2031

The sales of digestion resistant maltodextrin are estimated to be valued at US$ 433.5 Mn in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 844.2 Mn by 2031, rising at a CAGR of 6.9% for 2021-31. The sales of digestion resistant maltodextrin will represent approximately 5% of the fibres and specialty carbohydrates market.

The consumer preference for healthy and ethically produced plant products has increased. It is expected that the demand for plant-based products might increase. The use of plant-based products reduces the risk of diseases that are transmitted through meat products. This leads to an increase in the demand for Digestion resistant maltodextrin, because plant-based Digestion resistant maltodextrin extracts are safe to use, and can be incorporated into various supplements, personal care products, food products, pharmaceutical products, etc.

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People’s increasing concerns and involvement in ethics, wellness, and sustainable development has resulted in an increase in vegetarian lifestyles, plant-based diet, and vegan products. That represents the current growing demand for vegan food products and will continue to expand in the forecast years as well.

Plant-derived products and ingredients, such as plant protein, plant-derived fibers, non-alcoholic drinks, herbs, sweeteners, seasoning, and coloring foodstuffs, are in high demand on the platforms. This vegan food trend pushes the development of plant-derived digestion resistance maltodextrin ingredient to new heights.

Key Takeaways from the Digestion Resistant Maltodextrin Market Study:

The U.S. is estimated to account for more than 74.4% of the North American market in 2021, supported by increased healthcare spending.
According to FMI analysis, China is estimated to account for nearly 46.7% of the East Asia market share in 2021, supported by growing popularity of specialty carbohydrates.
Germany is dominating the Europe digestion resistant maltodextrin market with a market share of 19.5% in 2021, supported by increased demand from breakfast cereals manufacturers.
Digestion resistant maltodextrin application in food industry is estimated to hold nearly 51.0% of the market in 2021 on the back of increased demand from dairy products and instant puddings manufacturers.

“The rising demand for healthy breakfast from consumers across the globe resulted in manufacturers to adopt digestion resistant maltodextrin as an ingredients in various breakfast products propelling the growth of global market.” said a lead analyst at FMI.

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Increased Use of Digestion Resistant Maltodextrin in Cheese Powder

Cheese is becoming increasingly popular as a food ingredient, particularly as a flavouring agent in a wide range of food products. Furthermore, the use of natural and organic cheese for cheese powder is not recommended due to its high fat content. Whey-added and digestion resistant maltodextrin-added cheese powder can considerably enhance the appearance of cheese powder, making the end product look more enticing.

Increased Demand for Digestion Resistant Maltodextrin from Food Processing Industry

Health conscious consumers are more inclined towards consumption of low-calorie food. Maltodextrin reduces the overall carbohydrate levels of the final product in comparison to other starch-based sweeteners and thus, such products are preferred by these consumers.

Digestion resistant maltodextrin also acts as a bulking and carrier agent that provides desirable texture and viscosity to a range of food products such as soups, sauces, and beverages. Its neutral taste makes it perfect for usage in virtually any kind of food & beverage application without affecting the flavor of the final product. Thus, digestion resistant maltodextrin is anticipated to witness a high demand from this industry.

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Who is winning?

The top companies of digestion resistant maltodextrin has focusing on developing innovative products to cater the emerging demand from consumers. The manufacturers are also focusing on strengthening their distribution channel for smooth and convenient distribution of products.

Some of the leading companies offering digestion resistant maltodextrin are Roquette Frères S.A., Ingredion Incorporated, Tate & Lyle, Grain Processing Corp., WGC Co. Ltd., Kraft Heinz Company, Cargill Inc., ADM Company, Baolingbao Biology Co. Ltd., Tereos Syral S.A.S., Changchun Dacheng Industrial Group, Henan Feitian Agricultural Development Co., Ltd, Gulshan Polyols Ltd., Luzhou, Matsutani Chemical Industry Co., Ltd and Others.

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FMI, in its new offering, provides an unbiased analysis of the digestion resistant maltodextrin presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the demand for digestion resistant maltodextrin based on source (corn-based, wheat-based, potato-based, cassava-based, others (rice, banana)), based on form (spray-dried powder and instantized/agglomerated), based on application (beverages, food and nutraceuticals) across seven major regions.

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Granulated Sugar Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2032

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Granulated Sugar market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves each and every requirement of the clients operating in the global packaging industry. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

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Crucial information and forecast statistics covered in the Granulated Sugar market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Granulated Sugar Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Granulated Sugar market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Granulated Sugar market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Granulated Sugar market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Granulated Sugar Market: Segmentation

Granulated Sugar Market By Source (Sugarcane, Sugar beet, Date palm, Sorghum, Sugar maple, Others), Product (Soft sugar, Crystal sugar, Others), End-use (Bakery Industry, Beverage Industry, Confectionery & Ice-Cream Industry, Pharmaceutical Industry, Others) & Region – Forecast 2022 – 2032

Granulated Sugar Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Granulated Sugar market. Competitive information detailed in the Granulated Sugar market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Granulated Sugar market report.

Key players covered in the report include:

Key players in the global granulated sugar market include Südzucker AG, British Sugar PLC, Tereos, Cargill Incorporated, Lantic Inc, Michigan Sugar Company, Imperial Sugar, Guangxi Guitang Group Co., Ltd, Lingyunhai Sugar Group, COFCO, Guangxi Ningming East Asia, Sugar Industry Limited Company, Bannari Amman Group, Rajshree Sugars & Chemicals Limited, RANA GROUP, Shree Renuka Sugars, and Bajaj.

Important Questions Answered in the Granulated Sugar Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Granulated Sugar market been expanding during the forecast period?
How will the global Granulated Sugar market look like by the end of the forecast period?
What innovative strategies are adopted by Granulated Sugar market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Granulated Sugar market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Granulated Sugar market

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Natural Antioxidants Market Research on Development Status, Competition Analysis, Type and Application 2032

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of natural antioxidants are estimated to reach a value of USD 3.6 Bn by 2032, surging at 6% CAGR through the decade.

The increasing prevalence of lifestyle-related diseases such as obesity, cardiovascular disease, diabetes, and other non-communicable diseases (NCDs) has become one of the greatest concerns for consumers around the world. Consumer awareness of healthy habits has brought about fundamental changes in their diet, which has increased the demand for natural antioxidants for many years. Weight-sensitive consumers are more sensitive to their daily calorie intake and are willing to consume nutrient-rich, low-calorie foods.

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Several research projects have concluded that natural antioxidants are beneficial in improving health conditions such as cardiovascular disease, diabetes, and other non-communicable diseases (NCDs). This has led consumers to focus on getting antioxidants in their regular diet. In addition, health enthusiasts and fitness freaks are more likely to be attracted to organic and natural antioxidants as key ingredient in foods, beverages, and dietary supplements. The results could lead to strong growth in the natural antioxidant market over the next few years.

The vast majority of animal farms around the world are switching to alternative additives such as natural antioxidants, toxic binders, and organic acids to prevent contamination of raw materials. Using these alternative options also helps reduce the level of antimicrobial resistance from the feed-to-food model. It should be noted that AMR levels have reached alert levels around the world and people are less responsive to first-line or second-line treatment of the disease. In addition, oxidative stress is one of the main factors associated with immune system dysregulation and leads to several illnesses, so the majority of the population consumes natural antioxidants to improve immune system health. Tend to be. These factors encourage consumers to take precautions and create a large space for the healthy growth of natural antioxidants during the forecast period.

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Key Takeaways from Market Study

Asia-Pacific holds the major share and is expected to be the largest market for natural antioxidants, with sales estimated to reach ~US$ 1.1 Bn by 2032-end.
The natural antioxidants market in North America and Europe is expected to register a high growth rate in the coming years, owing to a remarkable hike in the consumption of nutritional supplements in these regions.
Increasing interest in the consumption of natural products is expected to bolster the demand for natural antioxidants.
Global natural antioxidants market represents a fairly consolidated competition landscape, where the majority of key players are investing in R&D to lower the production cost of natural antioxidants.
Natural antioxidants exhibit low volatility and high stability at high temperatures, offering better aid to food production techniques, including frying, cooking ,or baking.
Regulatory authorities are imposing limitations on the application of artificial antioxidants, leaving manufacturers of natural antioxidants in high spirits.

“The natural antioxidants market is being driven by their taste, aroma, and health benefits. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion,” says a lead analyst at Future Market Insights.

Who is Winning?

Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.

Utilizing primary natural antioxidants is not sufficient to meet all requirements. For example, rosemary extract (E392), which is primarily used in foods, works well with animal fats, but provides an unwanted odor and flavor. Studies have shown that combining two or more natural antioxidants works more effectively in most cases. Therefore, market participants offer a combination of tocopherol and rosemary extract. In addition, tocopherol is combined with citric acid or isopropyl citrate for optimal effect. To minimize food waste, players in the food industry extract natural antioxidants from the bran layer of cereal plants. Research emphasizes the inefficiencies of branded natural antioxidants compared to existing natural antioxidants, but ongoing research and development are underway to maximize the potential of branded natural antioxidants. I’m on the way.

Key players operating in the global natural antioxidants market include BASF SE, Ajinomoto Co Inc, Naturex S.A., Adisseo France SAS, The Archer Daniels Midland Company, I. du Pont de Nemours and Company, A & B Ingredients Inc, Hansen A/S, Koninklijke DSM N.V., Cargill, and Ingredients Inc.

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

Product:

Vitamins
Carotenoids
Polyphenols

Nature:

Organic
Conventional

Source:

Fruits & Vegetables
Herbs & Spices
Microalgae & Seaweed

End-Use:

Food & Beverages
- Meat, Fish & Poultry
- Spice & Condiments
- Oil, Fat & Margarine
- Packaged Food
- Bakery & Confectionery
- Others
Cosmetics
- Skin Care
- Hair Care
Nutraceuticals
Pharmaceuticals
Feed Industry

Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Smart Heating Technologies to Trigger Sustainability and Energy Efficiency of Electric Water Heaters-FMI

Electric water heaters or geysers are among the indispensable appliances used in residential as well as commercial setups, and growing adoption of electric water heaters is further amplified with the increasing need for convenience among end users.

Advanced technologies are triggering the wave of transformation in the global electric water heaters market, as leading manufacturers are introducing innovative features driven by technologies.

Increasing disposable income and growing infrastructural facilities around the world are among the primary, macroeconomic drivers of the global market for electric water heaters.

Significantly high demand and sales of electric water heaters worldwide coupled with the adoption of new-age technologies is pushing the global market to reach the stage of maturity.

However, leading players in the global electric water heaters market are investing heavily in research & development to introduce products that bolster saving of energy and reduce their environmental impact.

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However, the demand for these products in rural areas may remain low due to low awareness and prevalence of advanced technologies. This may hamper the overall growth of the global electric water heater market.

Smart Heating Technologies to Trigger Sustainability and Energy Efficiency of Electric Water Heaters

The global energy crisis has multiple dimensions such as environmental, technical, economic, and political. Growing demand for energy around the world puts immense pressure on the world’s power utility and energy generation units.

Thereby, this emphasizes the importance of implementing an efficient energy management and energy conservation system in various electric home and commercial appliances.

Electric water heaters are known for their massive share in energy consumption; water heating appliances account for nearly 12% of residential energy demand and more than 7% of energy consumption in commercial applications.

Being among the electric appliances with the largest share of energy consumption, electric water heaters need to be redesigned to reduce energy loss and energy consumption.

Leading players in the global electric water heaters market are adopting innovative technologies such as Big Data, Artificial Intelligence, machine learning, and Internet of Things, which can monitor and reduce the energy consumption of these appliances.

These technologies give end users a centralised control over electric water heaters, and this is expected to trigger demand for smart electric water heaters that can boost energy consumption, giving rise to new trends in the global market.

Developing Countries Exhibit Impressive Potential; Infrastructural Development to Drive Growth

The demand for electric water heaters is growing strong in developing countries across the world. Growing disposable income of end users and increasing growth of the construction industry are among the top factors that are primarily boosting the sales in emerging economies.

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Manufacturers are noting the rising demand for electric water heaters in the residential sector, as the product finds wide ranging applications in this space.

However, the adoption of electric water heaters in the commercial sector of developed countries is also growing significantly high, driving new trends in the market.Commercial spaces such as hotels, schools, as well as offices, are contributing heavily to the rise in demand for electric water heaters.

Furthermore, ongoing infrastructural developments in both residential as well as commercial spaces is expected to influence growth prospects of the electric water heaters market in emerging economies such as China, Brazil. India, Thailand, Mexico, along with some developing countries in the Middle East & Africa.

Electric Water Heater Market: Region-wise Analysis

Based on the geographical factors, the electric water heater market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

While the global market for electric water heater is gaining momentum, the growth prospects of the local market in the Asia Pacific region are expected to remain impressive.

Increasing foreign investments in the development of manufacturing infrastructure in the developing countries Asia Pacific region mainly provides an impetus to the growth of the electric water heater market in the region. China and India are among the leading contributors to the growth of the Asia Pacific market for electric water heaters.

Advent of next-generation technologies and growing trend of tech innovation is expected to remain the primary driving engine for the electric water heater market in the Asia Pacific region.

Leading players in the Asia Pacific market are bolstering the use of tech features such as automated temperature control and other features that promote sustainability and energy efficiency.

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North America and Europe are also expected to witness positive growth in the global electric water heaters market with the stronghold of global leaders in these regions. Growing end user awareness about the environmental impacts of electric water heaters will trigger demand for products that promise conservation of energy in these regions.

Electric Water Heater Market: Competitive Landscape

Some of the leading stakeholders in the global electric water heater market include

General Electric Co
Rheem Manufacturing Company
A.O. Smith Corp
Midea Group
Siemens AG.

A few other important vendors in the electric water heater market are Hubbell Electric Heater Company and Ariston Thermo SpA.

Leading players in the electric water heater market have a stronghold across the landscape, mainly due to the strong global footprint and power of networks. However, new entrants in the global market are aiming to compete on the innovation and price differentiator with the launch of electric water heaters with unique features.

In November 2017, Orient Electric Limited – a consumer electrical brand in India which is also a part of the diversified Indian conglomerate CK Birla Group – announced that it has launched its new electric water heater that had energy efficient features and a complete balance of design and functionality.

The company aimed to capitalize on a classic design with smart features such as thermostat, analog temperature display, and multifunction valve.In July 2019, Rheem Labs – a leading global company that manufactures water heating and HVAC (Heating, ventilation, and air conditioning) equipment – announced that it has launched a multipurpose hose sprayer – HotWave.

The company also declared that the new hot water sprayer is integrated with the tankless water heating technology that ensures the supply of endless hot water outdoors. The company aims to capitalise on the safety and reliability of its new water heating technology and assures highest electrical standards

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Global Electric Water Heater: Segmentation

Product

Storage Water Heaters
Non-storage/Tankless Water Heater

Capacity

Small
Medium
Large

End Use

Commercial
Residential
Industrial

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Avena Sativa Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2032

Avena sativa is a member of the grass family that is grown for its cereal grain-oats. Its adaptability to both cold and warm climate has given it a privilege in terms of expanded geography. A large quantity of avena sativa is consumed in the form of animal feed, however, due to a number of potential health benefits, oats have grown in popularity amongst bakery and snacks manufacturers. The major trend driving the growth of the avena sativa market is the rise in health consciousness since avena sativa has been proven to lower cholesterol and reduce heart risk.

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Veganism Is the Driving Force behind the Avena Sativa Market
With plant-based food and beverages exhibiting growth as high as 9% (Plant Based Food Association), manufacturers are branching out their product offerings to meet consumer demand. A vegan drink derived from avena sativa- oat milk/oat drink is the new development in the avena sativa market which is propelling the market growth. The target demo graph for the avena sativa market is the adult population in developed countries, who are increasingly cutting down meat and dairy products from their diet.

Avena sativa is one of the key products which satiates this demand since other plant-based products such as nut milk and flour is expensive. Another demand trend which drives the growth of the avena sativa market is the buzz around whole grain and high fiber food. Breakfast cereals and snacks produced out of avena sativa are rich in fiber and proteins and are known to promote gut health. Amidst the demand for whole grain flour, avena sativa flour is a clear winner in the market. Also, avena sativa based products are being increasingly supported by the medical community as a way of healthy living. Such consensus from science has also resulted in increased consumer trust regarding the health benefits of avena sativa, and has driven the growth of the market. Another trend in favour of the growth of the avena sativa market is the demand for meat alternatives, where oat-based patties are becoming popular throughout Europe and North America. However, avena sativa has a high content of gluten proteins and consumers suffering from celiac disease have an intolerance from eating avena sativa based products.

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Avena Sativa Market Segmentation
The avena sativa market is segmented on the basis of product type, nature, end use and sales channel.
On the basis of product type, the avena sativa market is segmented into-
Steel Cut
Rolled
Meal
Flour
Others
On the basis of nature, the avena sativa market is segmented into-
Organic
Conventional
On the basis of end use, the avena sativa market is segmented into-
Food & Beverages
Breakfast Cereals
Bakery Products
Snacks & Savory Products
Cosmetic Care
Animal Feed
On the basis of sales channel, the avena sativa market is segmented into-
Direct
Indirect
Modern Trade
Convenience Stores
Discount Stores
Specialty Stores
Online Stores
Others
Avena Sativa Market: Regional Analysis:
A notable development in avena sativa market is China is reducing the tariff on avena sativa based products, to almost zero, under the free trade agreement. This step comes after increased consumer demand in China for avena sativa based products. Mainly South-East Asia has emerged as a potential pocket for the avena sativa market. Australia is boosting its production capacity to support the increasing demand in Asia. While avena sativa market in North American and Europe is a far mature market, is witnessing innovation and product development. The expansion of retail outlets in developed regions which feature plant-based drinks is also supporting the growth of the avena sativa market.

Avena Sativa Market: Key Participants
Some of the market participants in the Avena Sativa market are: PepsiCo, Inc., Mornflake, Bob’s Red Mill Natural Foods, Jordans Mill, Grain Millers Inc, The Hain Celestial Group, Inc., Wild Oats Marketing, LLC

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Peel Oil Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2032

The growing demand for essential oil, oil blends and others in various industry such as food & beverages, cosmetics, fragrance and other industries are rising the demand for peel oil in the market. Peel oil from citrus fruits is used to add sweet refreshing flavors to beverages like lemonade, smoothies and is also used to enhance flavors of baked food products such as muffins, cookies and others. The consumers are adopting alternative medical treatments which use natural and organic ingredients like aromatherapy.

The manufacturers of food and beverages, cosmetics and pharmaceuticals are widely using peel oil to enhance their product quality. The demand for peel oil is anticipated to have significant growth in the pharmaceutical industry due to the rising demand for herbal and organic ingredients for health care. The consumers are growing awareness of the negative impact of chemical and synthetic ingredients and therefore the demand for natural ingredient product is rising. Various benefits and increasing application of peel oil in various industries anticipate the significant growth of peel oil market.

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Innovation and Expansion in the Cosmetic Industry is Increasing the Sales and Creating Positive Scenario for Peel Oil Market

Development of new products especially in cosmetics, personal care, skin care, sprayers, perfumes and others is driving the market for peel oil globally. The most prominent use of peel oil is for the skin as it has various nourishing benefits on look and feel of the skin. Peel oil is useful in treating acne as it helps in eliminating the sebum which often accumulates on the face. Peel oil can be used as a gentle cleaning agent as it effectively unclogs pores and therefore is raising its demand in the manufacturing of various face wash, mask and cleansers

Orange peel is more powerful in purifying skin when compared to fruit pulp. Peel oil is also increasing its demand in the manufacturing of oral care products. Various research studies prove that the use of lemon peel oil helps in promoting neurological activity and help those who are suffering from depression. The developing practice to use various essential oils for various household purpose, personal care products, and increase in trend for DIY methods is driving the market of peel oil.

Clean labeling of end-use products by manufacturers could be more instructional and provision of scientific proofs regarding the health and other benefits of the peel oil are essential in response to buying strategy of consumers. This will facilitate the manufacturers to expand their consumer base and boost the growing demand for the peel oil market.

The manufacturers are expected to develop their R&D capabilities to cater the growing demand for essential oil for a variety of uses and applications. The manufacturers of cosmetics, personal care, skin care products are expected to increase the use of peel oil and expand their product portfolio. The manufacturers are also expected to focus on distillation techniques or extraction methods for the development of organic peel oil. There is a need for educational marketing and raising awareness among the consumers about the wide spectrum benefits of peel oil.

Peel Oil Market: Regional Analysis

At present, North America shares majority of the global peel oil market, which is followed by European countries as the demand for natural ingredients in food & beverages, cosmetics and other industries is rising. On the other hand Southeast Asia, is expected to witness significant growth in terms of production over the forecast period.

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Peel Oil Market: Key Participants

Some of the market participants in the Peel oil market are:

Vigon International Inc.
Heritage Brands Pty Ltd.
Health & Beauty natural Oils Co. Inc.
Global Essence Inc.
Essential Care Organics Ltd.
TERRA Holdings, LLC.
The Essential Oil Company
Frontier Natural Products Co Op.
Goddess of spring LLC.
Ventós, S.A.
SRS Aromatics Limited

The research report presents a comprehensive assessment of the peel oil 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 nature, source, end user and distribution channel.

The report covers exhaustive analysis on:

Peel oil Market Segments
Peel oil Market Dynamics
Peel oil Market Size
Peel oil Supply and Demand
Current Trends/Issues/Challenges pertaining to peel oil Market
Competition Landscape and Emerging Market Participants in peel oil Market
Technology related to Production/Processing of peel oil
Value Chain Analysis of the peel oil Market

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South 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.

Peel Oil Market Segmentation

The Peel oil market can be segmented on the basis of nature, source, end user and distribution channel.

On the basis of nature, the peel oil market has been segmented as-

Organic
Conventional

On the basis of source, the peel oil market has been segmented as-

Orange
Bergamot
Lemon
Mandarin
Grapefruit
Others (lime, etc.)

On the basis of end user, the peel oil market has been segmented as –

Food and Beverages
Fragrance Industry
Cosmetics
Pharmaceutical

On the basis of the distribution channel, the peel oil market has been segmented as-

B2B
B2C
Hypermarkets/ Supermarkets
Convenience Stores
Specialty Stores
Online Stores

Report Highlights:

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

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Growing Population Is Acting As A Catalyst For The Growth Of Smart Meter Market And The Trend Is Likely To Continue In The Future-FMI

The global smart meter market size was estimated to be worth around US$ 21.1 Billion in 2022. Owing to the rising adoption of smart meters in residential and commercial applications, the overall sales are projected to grow at a robust CAGR of 9.4% between 2022 and 2032, surpassing a valuation of over US$ 42.6 Billion by 2032.

Smart meters are modern electronic devices that measure and record energy, water or gas consumption. They communicate the information to the customer for better clarity of consumption behavior, and electricity suppliers for system monitoring and customer billing. What makes smart meters unique is their ability to enable two-way communication between the meter and the central system.

Deployment of smart meters helps the utility companies to effectively manage energy usage as they (smart meters) can send recorded usage information through power line communication or radiofrequency.

As digitalization and automation begin to take over the world, demand for smart meters is on the rise. They are increasingly replacing traditional meters on account of their ability to provide real time insights of power consumption. Today, smart meters are being installed in majority of the structures whether government or private. They have become essential components of modern smart grid systems.

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Smart meters enable homeowners to effectively monitor the power consumption remotely, thereby allowing them to control the power usage and reduce the overall energy bills. Growing focus on developing energy efficient buildings will continue to boost the sales of smart meters.

Exponential growth of building and construction industry across both developed and developing regions due to rapidly growing population is acting as a catalyst for the growth of smart meter market and the trend is likely to continue in the future.

Which are Some Prominent Factors Propelling Growth in Smart Meter Market?

Rising adoption of smart meters in residential and commercial sectors, increasing government initiatives, surge in energy consumption, and growing consumer awareness regarding the importance of home energy management systems (HEMS) are some of the major factors driving the global smart meter market.

Smart meter has gained immense traction on account of their attractive features including automatic meter reading, bill generation, greater transparency, and reduced meter reading costs. They have become essential part of smart grids and are gradually replacing conventional meters in end use verticals such as industries, residential buildings and commercial places.

Different types of smart meters such as smart electric meters, smart gas meters and smart water meters are being deployed to measure electricity consumption, gas flow and water usage. These smart meters also have the ability to detect any fault or leakage in the system. Increasing adoption of these smart meters is a major force behind the robust expansion of smart meter market.

Governments across the world are spending billions of dollars on the installation of smart grids and smart meters, with the aim of improving the efficiency of power networks. Moreover, various new smart city initiatives are being constantly launched worldwide. This will create lucrative growth avenues within the global smart meter market during the forecast period.

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Rising energy concerns and increasing electricity bills have prompted people to adopt home energy management systems (HEMS) for managing their energy usage. As smart meters form the core of these systems, increasing deployment of these systems across homes and other building structures will eventually trigger the growth of smart meter market in the future.

Similarly, advancements in software and cloud computing, rising investments in digitalizing grid systems, growing need for addressing energy wastage, and increasing penetration of internet of things are anticipated to support the market growth in the future.

What are the Challenges Faced by the Smart Meter Industry?

Despite rising penetration of smart meters worldwide, there are certain factors that are becoming impediments for the growth of smart meter market. Some of these factors are regulatory constraints, security concerns, complex nature of smart meters, and rising health concerns of wireless signals used in smart meters.

Many low-income households particularly across Asia and African regions are showing their resistance against the deployment of smart meters due to the high bills. This is also impacting the market growth.

Why is Asia-Pacific Emerging as an Opportunistic Market for Smart Meters?

With rising government initiatives for deploying smart meters across residential and commercial sectors, Asia Pacific is projected to emerge as the most lucrative market for smart meters over the forecast period.

Smart meters are gradually revolutionizing the way consumers use electricity, water ang gas. They enable homeowners and industrialists to manage their usage and save costs.

Leading Asia Pacific Countries such as China and India are continuously installing smart meters in residential and industrial buildings for achieving a cleaner and more efficient energy system. Various new projects are being launched by governments to encourage the adoption of smart meters. For instance, in 2021 Indian government launched the Revamped Distribution Sector Scheme (RDSS), under which 25 crore smart prepaid meters will be deployed till march 2025.

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Increasing population and rapid urbanization across Asia Pacific is anticipated to further expand the smart meter market size over the forecast period. In addition to this, privatization of electricity across these regions is also favoring the adoption of smart meters.

How is Western Europe Contributing to Growth of the Smart Meter Market?

According to Future Market Insights, Western Europe is expected to provide immense growth opportunities for the smart meter providers during the forecast period, owing to the rising government initiatives to replace traditional meters, rapid urbanization, growing consumer awareness and presence of leading market players.

European countries such as France and the U.K. are launching pilot project for the rollout of smart meters. According to the European Commission’s study, by 2024, around 225 million smart meters for electricity and 51 million for gas will be rolled out in the EU by 2024. Furthermore, it is estimated that about 77% of European consumers will have smart electric meters and 44% will have smart gas meters by 2024.

Adoption of smart meters helps in the better management of electricity, water and gas consumption and increases transparency in billing.

Market Competition

Some of the key participants present in the global smart meter market include Aclara Technologies LLC., Eister Group GmbH, Echelon Corporation, General Electric, Iskraemeco d.d, Itron, Holley Metering Limited, Kamstrup A/S, Landis+Gyr, and Sensus among others.

The global smart meter market is highly competitive in nature with leading players continuously introducing new products that are more efficient and reliable. They are collaborating with governments to supply smart meters for specific regions.

Key Segments Profiled in the Smart Meter Industry Survey

By Product Type:

Smart Electric Meter
Smart Gas Meter
Smart Water Meter

By Technology:

Radio Frequency (RF)
Power Liner Carrier (PLC)

By Application:

Residential Application
Commercial Application

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Nitrate-Free Bacon Market 2022 Expectations & Growth Trends Highlighted Until 2032

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Nitrate-Free Bacon market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

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Crucial information and forecast statistics covered in the Nitrate-Free Bacon market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Nitrate-Free Bacon Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Nitrate-Free Bacon market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Nitrate-Free Bacon market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Nitrate-Free Bacon market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Serving domestic and international clients 24/7
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Data collected from reliable primary and secondary sources
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Seamless delivery of tailor-made market research reports

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Nitrate-Free Bacon Market: Segmentation

By Type:

Dry Cured
Pumped Bacon
Immersion Cured
Others

By Source:

Chicken
Turkey
Pork
Beef

By Distribution Channel:

B2B
B2C
Hypermarkets/Supermarkets
Online Stores
Specialty Stores
Convenience Stores
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

Nitrate-Free Bacon Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Nitrate-Free Bacon market. Competitive information detailed in the Nitrate-Free Bacon market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Nitrate-Free Bacon market report.

Key players covered in the report include:

Some of the renowned companies present in the global nitrate-free bacon market include WH Group, BRF S.A., True Story Foods, Hormel Foods Corp., Karro Food Group, Cargill, Inc., Oscar Mayer, Hormel Foods Corporation, B.& C. Tönnies Fleischwerk GmbH & Co. KG, Smithfield Foods, Inc., and Heritage Barkshire among others.

Important Questions Answered in the Nitrate-Free Bacon Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Nitrate-Free Bacon market been expanding during the forecast period?
How will the global Nitrate-Free Bacon market look like by the end of the forecast period?
What innovative strategies are adopted by Nitrate-Free Bacon market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Nitrate-Free Bacon market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Nitrate-Free Bacon market

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Asia Pacific Excluding Japan Is Estimated To Register The Fastest Growth In The Global Stone Crushing Equipment Market From 2022 To 2032-FMI

The global stone crushing equipment market is estimated to create an absolute dollar opportunity of US$ 5.5 Bn by the end of 2022. The sales of stone crushing equipment are expected to exceed US$ 11 Bn by 2032, accelerating at a remarkable CAGR of 10% over the forecast period 2022-2032. Increasing application across the artificial store and sand manufacturing sector is anticipated to augment the demand for stone crushing equipment in the market.

Stone crushing equipments are machines designed to reduce the size of the large rock to smaller rock, aggregates, sand, gravels, and others depending upon the requirement and use of the stone size. They are also being used to change the shape of raw material mixes by breaking down the stones for segregating them into application-specific use such as for construction, railway lines, canals, beaches, and others.

These crushing equipments operate by applying compressive strength to the rocks and crushing it by means of collisions between the rock and machine. They are made of thick metal surface and are capable of breaking and crushing all varieties of materials such as quartzite, stones, coke, rocks, marbles, irons, and others.

Attributed to this, stone crushing equipments are finding a wide range of application across sectors such as mining, building materials, metallurgy, railway, and highway among others.

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In addition, rapidly growing mining activities and increasing introduction of advanced crushing machineries integrated with innovative technology such as telematics and artificial intelligence is projected to propel the demand for stone crushing equipments in the market.

Which are Some Prominent Drivers Spearheading Stone Crushing Equipment Market Growth?

As the trend of urbanization continues to surge, a swift rise in building and construction activities is being witnessed, especially across countries such as China, the U.S., Germany, India, Australia, and others. Also, growing emphasis on sustainable development and upgrading nation’s infrastructure is encouraging governments in several countries to undertake a number of initiatives.

For instance, according to a report by the India Brand Equity Foundation (IBEF), the Government of India plans to construct over 100 smart cities across the country and has announced sanctioning nearly US$ 868 Mn under the country’s Smart City Mission for 2021-2022.

Stone crushing equipments are extensively used for producing stones, aggregates, sand, gravels from larger rock based on the requirement by the type of construction activities such as buildings, bridges, roads, canals, and others. Thus, growing construction activities and implementation of such initiatives are estimated to create lucrative growth opportunities in the market.

However, rapidly expanding building & construction sector and increasing extraction of sand & gravels from water bodies has resulted in depletion of inland as well as marine reserve of stones and sand. This has led to a shift in construction industry players towards using artificial sand and stone for construction activities.

As these artificial materials are made using stone crushing equipments, growing shift towards artificial sand and stone is expected to bolster the sales in the global market.

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What are the Challenges Faced by the Stone Crushing Equipment Market?

Stone crushing equipments are needed to locate close the demand centers such as cities canal, construction sites, bridges, and others. As these equipments causes a lot of noise pollution and release dust particles in the air, implementation of stringent regulations regarding noise and air pollution is compelling the operator to set up the plant away from cities, resulting in increased cost of hauling.

Also, need for large manpower for the operation, consumption of huge amount of electricity, and extravagant cost of stone crushing equipments are other factors hindering the growth in the market.

Why is Asia Pacific Excluding Japan Emerging as an Opportunistic Stone Crushing Equipment Market?

Future Market Insights reveals that Asia Pacific excluding Japan is estimated to register the fastest growth in the global stone crushing equipment market from 2022 to 2032.

With surging demand for materials such as stones, aggregates, sand, gravels, owing to the rising building and construction activities across Asia Pacific, leading players in the market are increasingly aiming at launching novel machines to capitalize on the existing opportunity.

For instance, in 2019, Mesto, an Indian manufacturer, and supplier of construction equipments announced launching its latest addition to the versatile MX Multi-Action cone crusher series, MX3. It assists in lowering the operating costs and improving crusher productivity with a design optimized especially for mid-sized quarrying.

A slew of such new product launches is estimated to augment the demand for stone crushing equipments in the market.

How is North America Contributing to the Growth of the Stone Crushing Equipment Market?

As per FMI, North America is estimated to exhibit growth at a rapid CAGR in the stone crushing equipment market during the forecast period 2022-2032.

Government in countries across the region are launching massive construction and railway projects to strengthen their transportation infrastructure citing the trend of urbanization.

For instance, the U.S. has announced its plan to sanction nearly US$ 53.8 Bn under the Sound Transit 3 (ST3) Construction Project for expanding the country’s existing link light railway system starting from the suburbs of Tacoma to West Seattle.

In addition to this, increasing mining and metallurgy activities across the countries such as the U.S. and Canada is estimated to bolster the sales of stone crushing equipments in the North America market.

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Market Competition

Some of the leading players in the global stone crushing equipment market are BUCY International, Sandvik AB, Metso Oyj, Terex Corporation, CNH Global N.V., Komatsu Ltd., Caterpillar Inc., and Joy Global Inc.

The market for stone crushing equipment is highly competitive, due to large number of participants and increasing investment in development and introduction of novel crushing machines by leading players.

Key Segments Profiled in the Stone Crushing Equipment Market Survey

By Product:

Cone Crusher
Jaw Crusher
Impact Crusher

By Application:

Mining
Quarrying
Recycling
Building & Construction
Others (Agriculture, Railway)

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