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Growing demand for plant-based and nutrient-rich pet food is boosting sales of vegan cat food. As per ESOMAR-certified consulting firm Future Market Insights (FMI) the global vegan cat food market is anticipated to surpass US$ 10,560.40 Mn in 2021.

Increasing concerns regarding pet health are propelling demand for meat-free pet food alternatives. This trend is encouraging pet food producers to incorporate plant-based formulas such as pea protein in cat food products. Owing to this, FMI projects the vegan cat food market to expand at a positive 7.2% CAGR through 2031.

Prevalence of vegan diets across the globe has translated into increased sales of vegan cat food. Transparent ingredient lists is highly sought-after in human foods and this trend has proven critical in shaping pet owners’ preference for high-quality nutrients in pet food as well. Consequently, the focus on product advancements in plant-based kibble, treats, and wet food is at all-time high, creating opportunities for sales in vegan cat food.

The overall spike in pet ownership and per capita expenditure on pet food are chief factors providing tailwinds to vegan cat food sales. Unique processing techniques, reusable packagings such as pouches and stand-up bags, and product certifications will remain key variables influencing sales of vegan cat food.

As per FMI’s regional analysis, the U.S. is expected to dominate the vegan cat food market, reaching US$ 2,616.28 Mn in 2021. Growth can be attributed to increasing incidence of gluten allergy in pets, which is shifting the focus of pet-owners from processed food to vegan cat food.

“Growing prevalence of pet humanization, coupled with easy availability of vegan cat food through online channels are expected to propel sales in the global vegan cat food market between 2021 to 2031,” says the FMI analyst.

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Key Takeaways:

• Based on product type, kibble or dry vegan cat food will remain the best-selling product, with sales growing at a 7.8% CAGR.
• Adult vegan cat food is projected to account for 65.3% of the total market share.
• Store-based retail will emerge as the most lucrative distribution channel, accounting for approximately 86.4% of the vegan food market share. The segment is projected to grow at a 6.2% CAGR over the assessment period.
• In terms of packaging, sales of vegan cat food bags will gain traction, holding 35.8% of the market share.
• The vegan cat food market in the U.S. is projected to grow at a 5.1% CAGR.
• China is expected to account for 39.0% of the East Asia vegan cat food market, owing to rapid urbanization and increasing disposable income in the country.
• Japan is anticipated to hold 43.8% of the market share in East Asia, expanding at a healthy 6.2% CAGR through 2031.

Prominent Drivers:

• Increasing per capita expenditure on premium vegan cat food is anticipated to drive sales.
• Easy availability through online and offline channels with services like home delivery will foster sales in the market.

Competitive Landscape

As per FMI’s market survey, top players are projected to account for approximately 30-40% of the global vegan cat food market. To satisfy the ever-evolving consumers’ needs, market players are investing in research and development regarding plant-based ingredients for better product roll-out.

Global and regional players are also expediting marketing efforts to strengthen their online presence, aiming to reach a wider consumer base. Taking cues from growing demand for vegan cat food in emerging economies, Aistra launched its first vegan pet food store in India. More product developments include insect protein-based pet food options for a more sustainable approach. For instance:

• In December 2020, Madrid-based vegan pet food producer Veggie Animals expanded its product range by launching Veggie Animals PLUS for cats. The new product includes tapioca, which strengthens bones, iron, and cranberries to prevent urinary tract infections.
• In January 2021, global food giant Nestlé announced a new range of Purina pet food which is made from insect protein. Cutting out meat entirely from pet food, the company will incorporate black soldier fly larvae protein and with plant-based protein for added nutrition.

Leading players operating in Vegan Cat Food Market profiled by FMI include:

• Benevo
• Wysong
• Evanger’s Dog & Cat Food
• Nature’s Recipe
• My Aistra
• Evolution Diet
• Cannapple
• Eco Dog And Cats
• Nature’s diet
• Dr.goodpet

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More Insights on FMI’s Vegan Cat Food Market

The latest market study on the vegan cat food market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global vegan cat food market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Product:

• Kibble/Dry
  • Extruded
  • Baked
  • Coated
• Dehydrated Food
• Treats and Chews
  • Pastes
  • Creams/Cream Snacks
  • Crunchy Snacks
  • Chew Sticks
  • Tablets
  • Biscuits
• Freeze-Dried Raw
• Wet Food
• Frozen
• Powder
• Freeze-Dried Food

Age Group:

• Kitten
• Adults

Distribution Channel:

• Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
• Online Retailers

Packaging:

• Pouches
• Bags
• Folding cartons
• Tubs & Cups
• Can
• Bottles & jars

Region:

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

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Key Questions Covered in Vegan Cat Food Market Report 

• The report offers detailed insights into vegan cat food market demand outlook for 2021-2031
• The market study also highlights projected sales growth for vegan cat food market between 2021 and 2031
• Vegan cat food market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Vegan cat food market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

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Through 2027, the market for solar shading systems is anticipated to grow at a consistent 3% CAGR. The market for solar shading systems was worth US$ 3,672.6 Mn in 2017 and is projected to be worth US$ 3,931.3 Mn by the end of 2027.

Solar shading systems have become very popular in recent years because they make it possible to store and use energy while preventing heat radiation from entering buildings used for residential or commercial purposes. Solar shading systems, which seek widespread adoption to protect buildings against overheating, include adjustable heat-reflecting louvres as a key component.

Solar shading systems deliver strong architectural features and solutions for intensive solar radiation and provide shading. Roofing materials and roofing shingles have witnessed significant advancements in order to comply with latest solar shading technologies.

Solar shading systems continue to witness a significant surge in sales as innovative and efficient ways of shading spaces. Global warming prevails as a pervasive concern worldwide, which in turn has led consumers and commercial space owners toward installing solar shading systems.

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Key players operating in the solar shading systems market are including installation services in their product offerings, along with the provision of aftersales services apropos of maintenance & repair activities.

Leading players in the solar shading systems market are also focusing on the provision of automated systems in collaboration with integrated service providers. Lucrative application areas for the solar shading systems, that have been driving their adoption in recent years, include airports, railway stations, shopping malls, and tourist places.

Solar Shading Systems Market Sales Spike in Line with the Upward Trend of Urbanization

Permeation of the real estate industry into suburban areas, along with the resurgent growth in the construction and infrastructure development activities, allude imminent opportunities for the players in the solar shading systems market.

Other growth influencers of the solar shading systems market include the rise in smart city projects worldwide and promising prospects of the service industry. The growing carbon footprint of the industrial sector and the growing pressure of power demand on energy grids have been promoting commercial spaces to make investments in solar shading systems and relevant smart devices.

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Solar Shading Systems Market – Construction of Smart Homes and Smart Architecture

The smart building’s concept has gained significant momentum as the new age city infrastructure. The growing popularity of smart homes is expected to complement the growth of the solar shading systems market, as they create the demand for various types of fabric as well as aluminum-based devices.

Commercial buildings based on the smart home concept involve the use of solar shading systems as an integral part of the infrastructure, which in turn will underpin the market growth in the near future. Rise in renovation activities by homeowners has indirectly driven the adoption of smart devices and equipment that tackle challenges related to solar radiation.

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Solar Shading Systems Market- Spending on Home Aesthetics to Sustain Sales

Improving economic conditions worldwide, coupled with growing GHDI of consumers in recent years, has meant that spending on appealing luxury and comfort has increased manifold. This aspect is no exception to home interiors, with recent studies alluding a marked rise in home aesthetics-associated activities.

Leading players in the solar shading systems market are responding to the trend by introducing attractive designs that suit well with the evolving requirements of the consumers. Key players operating in the solar shading systems market include WAREMA Nederland B.V., Glasscon GmbH, Thermosash , Alumet, Insolroll controller, Alliance Shadin, Roda Licht- und Lufttechnik Gmb, Comhan, InSync Solar, LINAK, Draper, Inc, Glazing GmbH, Solar Shading Systems, Inc., Construction Specialties, Coltinfo.co.uk, SWFcontract., Norsk Hydro ASA, and Duco Ventilation & Sun Control.

These companies are expected to provide a significant number of quality products, and highly influence the growth of the solar shading system market during the forecast period.

Solar Shading System Market: Key Segments

By application area:

• Residential
• Commercial
• Industrial

By component type:

• Aluminum-based
• Fabric-based
• Others

By technology:

• Battery Powered
• Manual
• Smart Power Source

Key regions covered:

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• APEJ
  • China
  • India
  • Malaysia
  • Singapore
  • Australia
  • Rest of APEJ
• Japan
• MEA
  • GCC Countries
  • Israel
  • South Africa
  • Rest of MEA

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About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Dubai
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The demand for microalgae in personal care and cosmetics market will soar with worldwide revenues up by 4.0% in 2021. Future Market Insights (FMI) estimates that the revenue generated from microalgae demand will grow by 1.5X of current market valuation between 2021 and 2031, reaching nearly US$ 76.50 Mn in 2031.

Over the course of the forecast period, the market is expected to register a compound annual growth rate (CAGR) of 4.2%

Consumers are switching towards vegan cosmetic products owing to growing awareness regarding animal welfare. Microalgae extracts have emerged as a suitable vegan substitute for producing cosmetic products, which will create scope for application in cosmetics sector.

Market players are looking to capitalize on anti-inflammatory and anti-microbial properties of microalgae for treating oral disorders. Algal extracts are now used in creating toothpastes, functional chewing gums, and mouthwash as gelling and water binding properties of hydrocolloids are becoming popular in dentistry.

Research on microalgae offered evidence that oral cancer prevention capabilities are present in them and can be used in treating chronic periodontitis and other dental disorders. These factors are expected to fuel the market growth in upcoming years.

Some species of microalgae have shown promising results in treating eye disorders. Zeaxanthin exhibits higher antioxidents properties than other plant sources and acts as a protective covering thus, aiding in eye healing. This has positively influenced the demand of microalgaes in eye product segment.

COVID-19 pandemic hindered the global personal care and cosmetic sales owing as various retail outlets and stores remained shuttered during extensive period of lockdown. Coupled with this, disruptions in transportation and production caused during stringent lockdown also hampered sales to an extent.

Nonetheless, recovery is fast approaching with government easing restrictions after vaccine roll outs.

“Owing to the increasing demand for premium cosmetic items, microalgae-based products manufacturers are focusing on producing high quality products using state of the art production technology. Increasing consumer spending on premium products will boost the market growth over the assessment period,” says the FMI analyst

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Key Takeaways

• The U.S. is predicted to account for around 89% of the North America market by 2031, driven by rising popularity of vegan and organic products and increasing consumer willingness to buy premium products.
• Growing consumer inclination towards organic and natural personal care products in the U.K. along with the focus on maintaining transparency in raw material and production methods among manufacturers will boost the demand for microalgae personal care products in the country.
• Rising demand for high quality and safe cosmetic products will drive the sales of microalgae personal care and cosmetics in Germany at a CAGR of 3.4% in 2021.
• Increasing use of Spirulina in the treatment of skin issues such as tanning, ageing, and pigment abnormalities along with rising use of microalgae in the production of skin whitening, anti-aging, and pigmentation reduction cosmetic products will drive the market growth.
• Fresh water microalgae segment is anticipated to reach the market valuation of US$ 55.363 million in 2031, owing to its cost effective cultivation and higher yield.
• Increasing adoption of microalgae in creating hair care products due to its anti-bacterial and hair growth boosting properties will support hair care product segment to grow at CAGR of 3.6% over the assessment period.

Competitive Landscape

Euglena, Koninkliijke DSM NV, Sun chlorella, Fuji Chemical Industries Co. Ltd., and Novagreen are the top five market players operating this market. As per the market analysis, they account for more than 35% share in global microalgae personal care and cosmetics market.

With rising popularity of organic products and clean label in personal care and cosmetic sector, market players are focusing on developing new products made from natural ingredients. They are also investing in research and development to keep up with market trends.

For instance,

• Microphyte announced to start project “SCALE” in July 2021, to set-up the largest micro-algae biorefinery near Montpellier, France with the investment of US$ 18 million (15 million Euros).
• Simris is planning to broaden its microalgae platform into Novel Foods and Biomimetics, to process microalgae biomass for skincare applications.
• Yemoja Ltd. launched its new micro-algae synthesized external polysaccharide sulphate (EPS) in April 2021, for anti-aging, anti-inflammatory, and rejuvenation applications in cosmetics.

Some of the leading companies operating in the microalgae personal care and cosmetics market are:

• DIC Corporation
• Cyanotech Corporation
• Koninkliijke DSM NV
• Roquette Frères
• BASF SE
• Fuji Chemical Industries Co., Ltd.
• Parry Nutraceuticals
• BGG (Beijing Gingko Group)
• KDI Ingredients
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Yunnan Alphy Biotech Co., Ltd
• Algaecan Biotech Ltd.
• Algatechnologies Ltd.
• Cardax, Inc.
• Igene Biotechnology, Inc.
• Fenchem Biotek Ltd.
• AstaReal Inc.
• Valensa International
• Kunming Biogenic Co., Ltd.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13679

 More Insights on the Demand for Microalgae Personal Care and Cosmetics Sector

Future Market Insights, in its new study provides an unbiased analysis of the microalgae personal care and cosmetics market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the microalgae personal care and cosmetics market with a detailed segmentation on the basis of

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Schizochytrium
• Euglena
• Nannochloropsis
• Nostoc
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End Use Application:

• Fragrance
• Hair Care
  • Hair Removal
  • Hair Conditioning & Shampoos
  • Hair Color
• Eye Care
• Skin Care
  • Anti-ageing
  • Acne Preparations
  • Moisturizers
  • Skin Whitening Creams
  • UV-protection
  • Others
• Oral Care
• Cosmaceuticals
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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 Key Questions Covered in the Report

• How will the demand for microalgae in personal care and cosmetics sector expand through 2031?
• The market study also highlights projected sales growth for microalgae in personal care and cosmetics sector between 2021 and 2031
• Survey on the demand for microalgae in personal care and cosmetics sector identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Microalgae share analysis in the cosmetics and personal care sector and information on the key companies within the industry
• Coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others affecting demand for microalgae in the personal care and cosmetics sector

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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As per a study by Future Market Insights (FMI), the demand for microalgae in the food and beverages sector will total US$ US$132.5 Mn by 2031, expanding at a 2.9% CAGR between 2021 and 2031. Demand will be sustained by steadily growing consumer interest for high-quality and natural ingredients in food and beverage products.

The demand for ingredients derived from natural sources will increase, creating opportunities for increasing microalgae applications in the food sector.

A combination of health benefits is often linked with microalgae due to their anti-inflammatory properties, abundance of antioxidants, and hypolipidemic factors. Besides this, studies confirming benefits of microalgae in preventing the onset of chronic diseases because they are rich in Vitamin A, C, and E will guarantee scope for expansion of the market in the near future.

In addition to vitamins, microalgae have anti-cancer properties and help in the prevention of diseases including Alzheimer’s, macular degeneration, and arthritic symptoms. A higher awareness about these health benefits will spur the sales of microalgae in the food and beverage sector.

Driven by a myriad of health benefits and high protein content, Spirulina has established its identity as a ‘superfood’ in the food and beverage industry. Being a rich source of vitamins such as A, B, C, E, and K, and minerals like iron, calcium, potassium, and zinc, Spirulina is identified as a healthy additive in food and beverages industry.

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FMI projects Spirulina to account for over 41% of the demand for microalgae in food and beverages sector in 2021. Growth will continue amid rising focus on making ingredient list cleaner to woo consumers and authorities for certifications.

As per FMI’s regional analysis, demand for microalgae is anticipated to rise considerably in the U.S. market. Approvals from the U.S. Food and Drug Administration (FDA) on various types of microalgae will further promote its application during the forecast period. In addition, presence of major global food industries in the U.S. will support the demand for microalgae in the company years.

“Rising applications of microalgae in functional foods, bakery, and dairy products will continue augmenting the market growth during the forecast period. Driven by these some of the leading food and beverages brands are likely to introduce microalgae in their ingredient list,” says the FMI analyst.

Key Takeaways:

• Demand for Spirulina will gain momentum through 2031, owing to its high-protein content and abundance of vital nutrients.
• Freshwater microalgae are estimated to account for 81% of the total market share, emerging as the most preferred source of microalgae.
• Applications of microalgae in functional foods will witness an uptick during the assessment period.
• The U.S. is anticipated to emerge as a lucrative market, owing to the presence of well-established global food and beverage companies in the country.
• Increasing focus on food quality and safety in the U.K. will create lucrative opportunities for market players.
• China is expected to witness high growth patterns in the market, owing to increasing demand for microalgal food products and widespread awareness regarding probiotics in the country.
• Demand outlook for microalgae in the food and beverage sector in India will remain positive, owing to government initiatives promoting nutritive food supplements.

Prominent Drivers:

• Increasing awareness regarding health benefits associated with microalgae in food and beverages will boost sales in the market.
• Product innovations in microalgae-based bakery and confectionary goods will significantly drive sales.
• Growing demand for natural additives in functional foods will positively shape the sales outlook.

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Competitive Landscape

As per FMI’s analysis, the microalgae market is highly concentrated, with prominent players accounting for maximum market share. As a part of their growth strategies, leading players operating in the market are emphasizing product innovations to establish a firm foothold in the market. For instance:

• In March 2016, U.S.-based beverage company Naked Juice, a subsidiary of PepsiCo, Inc. launched spirulina-based smoothies in the market.
• In November 2018, Allma introduced microalgae-based crispy snacks for health-conscious consumers in the market. The product range includes chlorella blends with flavors such as lemons and carrots, which are available in multiple sizes.

Leading players operating in Microalgae in Food and Beverage Sector Market profiled by FMI include:

• DIC Corporation
• Koninklijke DSM NV
• Roquette Frères
• Fuji Chemical Industries Co., Ltd.
• Yunnan Green-A-Bio-engineering Co Ltd
• Cyanotech Corporation
• BASF SE
• Parry Nutraceuticals
• Beijing Gingko Group
• KDI Ingredients
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Algaecan Biotech Ltd.
• Algatechnologies Ltd.
• Cardax, Inc.
• Igene Biotechnology, Inc.
• Fenchem Biotek Ltd.
• AstaReal Inc.
• Valensa International
• Kunming Biogenic Co., Ltd.

More Insights on FMI’s Study Demand for Microalgae in Food and Beverage Sector

The latest study on demand for microalgae in the food and beverage sector by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Species:

• Spirulina
• Chlorella
• Dunaliella
• Aphanizomenon
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Nostoc
• Phaedactylum

Source:

• Marine Water
• Fresh Water

End-Use Application:

• Bakery and Confectionery
• Meat, Poultry, Fish, and Eggs
• Sauces, Soups, and Dressings
• Seasonings
• Snacks and Cereal
• Dairy Products
• Ice creams
• Food additives (ingredients)
• Medical Nutrition/ Functional Food/ Health Food
• Sports Nutrition
• Energy Drinks
• Baby Food

Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

Get Access to Research Methodology Prepared by Experts@ https://www.futuremarketinsights.com/ask-question/rep-gb-13546

Key Questions Covered in Demand for Microalgae in Food and Beverage Sector Report 

• The report offers detailed insights into microalgae demand outlook in the food and beverage sector for 2021-2031
• The market study also highlights projected sales growth for microalgae in the food and beverage sector between 2021 and 2031
• Demand for microalgae in food and beverage sector survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Demand for microalgae in food and beverage sector study presents share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant based market blog

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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According to market survey conducted by FMI, the demand outlook for microalgae in the pet food sector is estimated to remain fairly positive, surpassing a valuation of US$ 22.2 Mn, with a year-on-year growth of 7% in 2021. The overall demand for microalgae is anticipated to surpass a valuation of US$ 35 million by 2031.

Between 2016 and 2020, the microalgae demand grew at CAGR of 4%. With rising adoption of dogs, cats, and other pets as companions for families, inclusion for microalgae in pet food is expected to grow in order to enhance its nutritional value & palatability of pet food. Against this backdrop, FMI sees prospects for the demand to rise at a CAGR of 4.8% over the forecast period 2021 to 2031.

Thanks to the progressively improving animal healthcare industry, the lifespan of pets has increased. With increasing age of pets, diseases such as cancer, arthritis, separation anxiety, and cardiovascular disease have become more common. As microalgae-based pet supplements assist in maintaining health and alleviating age-related pains and aches in elderly pets, the demand for microalgae in the pet food sector is expected to soar.

Spirulina microalgae is anticipated to register the high demand in the pet food sector. Owing to the presence of high micro- and macronutrients such as iron, protein, vitamins, carotenoids, and gamma-linolenic fatty acids, Spirulina microalgae is expected to account for over 64% of the market share in 2021.

“To cater to increasing demand for microalgae in the pet food industry, companies are focusing on developing innovative products such as anti-anxiety pet pill & pet supplement by using microalgae as a key ingredient. Besides this, Food and Drug Administration (FDA) approval on the use of Spirulina in food and beverage products is likely to fuel the demand for microalgae over the coming years,” says the FMI analyst.

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Key Takeaways from the Study on the Demand Microalgae in the Pet Food Sector 

• Owning to the increasing number of pets owners across North America, the demand for microalgae products in the pet food sector is expected to grow at a CAGR of 3.9% by 2021.
• By 2021, the demand for microalgae in the pet food sector in Germany is likely to reach a valuation of US$ 911.6 thousand.
• Increasing pet adoption in China is estimated to account for over 52% of the market in Asia Pacific.
• Based on application, dog feed is predicted to dominate in terms of end-use applications, accounting for around 46.5% of the global market through 2021.
• Fresh water microalgae are expected to reach a valuation of US$ 2.2 million by 2031, growing at a CAGR of 4.8% over the forecast period.

Key Drivers

• Growing number of pet owners is bolstering the demand for microalgae in the pet food sector.
• Increasing lifespan of pets is spurring the sales of microalgae-based products in the pet food sector.
• Rising awareness regarding the benefits of microalgae-based pet food products is driving the market growth.

Key Restraints

• Availability of substitutes is hampering the demand for microalgae in the pet food industry.
• The outbreak of coronavirus has negatively impacted the sales of microalgae in the pet food industry due to disruption of the supply chain amid lockdown.

Discover more about the survey on the demand for microalgae in the pet food sector with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13362

Competitive Landscape

Companies operating the microalgae industry are aiming at developing new products and forging strategic collaboration and acquisition to expand their market share. For instance,

• In May 2016, Now Health Group Inc., an American company, launched its new product in natural pet supplements under the brand “NOW Pets” focusing cats and dogs which includes spirulina microalgae as primary ingredient.
• In June 2020, Evonik, a Germany based company, announced it collaboration with DSM, a company based in Netherlands, to establish a new joint venture named, Veramaris to create a microalgae-based fish oil alternative for fish food.

Some of the prominent players operating in the market profiled by FMI are:

• DIC Corporation
• Koninkliijke DSM NV
• Roquette Frères
• Sun chlorella
• Cellana LLC
• Fuji Chemical Industries Co., Ltd.
• Corbion (TerraVia Holdings)
• Yunnan Green-A-Bio-engineering Co Ltd
• Buggypower
• Cyanotech Corporation
• BASF SE
• Parry Nutraceuticals
• Beijing Gingko Group
• KDI Ingredients
• Algatec (Lusoamoreiras)

More Valuable Insights on Microalgae Market

FMI, in its new report, offers an unbiased demand analysis for microalgae in the pet food sector, analyzing forecast statistics through 2021 and beyond. The study reveals growth projections on the demand for microalgae pet food sector with detailed segmentation:

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End Use Application:

• Dog Feed
• Cat Feed
• Birds
• Others (Rabbits, Hamsters, etc.)

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Key Questions Covered in the Report

• The report offers insight into demand outlook for microalgae in pet food sector for the forecast period 2021-2031
• The market study also highlights projected sales growth for microalgae in the pet food sector between 2021 and 2031
• Demand for microalgae in the pet food sector survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Demand analysis for microalgae in the pet food sector, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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The low sodium sea salt market is forecast to exhibit steady growth, with its overall valuation reaching US$ 106.6 Mn in 2021. As per Future Market Insights (FMI), low sodium sea salt sales are expected to surge at 6.6% CAGR between 2021 and 2031. Overall growth forecast for the market will remain positive for the assessment period.

Risingprevalence of blood pressure is by far the most common cause of various ailments in American and Asian countries including China, South Korea, and India. Despite compelling evidence of the benefits of reducing salt intake, long-term salt restriction has proven difficult.

In addition, China and Japan have proposed new voluntary rules for nutrition labelling on packaged foods in an effort to avoid future government mandates. Globally, the per capita expenditure on food and beverages by the global population has increased in recent years.

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Consumers are becoming concerned about the nature of food products, in addition to focusing on ingredient labels. There is a growing interest in transparency. Consumers now have access to smart labels, which allow them to trace the supply chain of items. Consumers are seeking product transparency beyond free-from status, ingredients, and nutritional levels.

Purchasers are looking for information on the items’ origins. However, there are no clear government standards or guidelines surrounding clean labelling practices. Consequently, trust among consumers for brand loyalty has become important in the food and beverage business.

Key Takeaways from the Low Sodium Sea Salt Market Study

• Dry sea salt holds the lead in the global low sodium sea salt market and is expected to grow with a CAGR of 5.5% during the forecast years, owing to logistical benefits.
• Grain form low-sodium sea salt holds the largest market share of 77% of the global low sodium sea salt market. This is attributed to higher consumer acceptance in household cuisine.
• India is emerging as a high potential market in APEJ, exhibiting a CAGR of 12.6%, driven by growing consumer awareness in terms of healthy ingredient options.
• The U.S. continues to lead the North America market, supported by a larger food processing and service industry, accounting for over 88% of the value share.
• Germany is a major market for low sodium sea salt in Europe, supported by the presence of large-scale production and processing facilities.

Who is winning?

Clean label trends have become a catchphrase for promotional and marketing strategies, and companies have capitalized on this to advertise their products. Manufacturers are increasingly implementing cleaner procedures in order to market their clean label food goods, such as spreads, without undermining consumer trust.

Some of the leading companies offering low sodium sea salt are SaltWorks Inc., K+S AG, Cargill, ADM, A&B Ingredients, Selina Naturally, INFOSA, Atacama Sea Salt, and Solo Sea Salt among others.

Low Sodium Sea Salt Market by Category

By Product Type:

• Wet Sea Salt
• Dry Sea Salt

By Form:

• Grain
  • Coarse
  • Semi-Fine
  • Fine
• Flakes
• Spray

By Application:

• Water Softner
• Water Treatment
• De-Icing
• Anticaking
• Flavoring Agent

By Distribution Channel:

• Direct Sales/B2B
• HoReCa
• Indirect Sales
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Independent Small Groceries
  • Wholesale Stores
  • Online Retail
  • Others

By Region:

• North America
• Latin America
• Europe
• APEJ
• Japan
• Oceania
• MEA

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Key Questions Answered in the Report

• What is the current valuation of the low sodium sea salt market?

The low sodium sea salt market is expected to surpass a valuation of US$ 106 Mn by 2021.

• At what rate did the low sodium sea salt market expand between 2020 and 2021?

The low sodium sea salt market exhibited a rise of US$ 5.9 Mn from 2020 to 2021.

• What is the low sodium sea salt market demand outlook?

The low sodium sea salt market will register a gradual rise in demand through 2021 and beyond. As per FMI, the market will register a CAGR of 6.6% between 2021 and 2031.

• What are the key trends prevailing in the low sodium sea salt market?

Leading low sodium sea salt manufacturers are focused on meeting standards required for regulatory requirements. Also, there is an increasing focus on minimizing sodium content further in comparison to conventional offerings.

• What are the key factors driving the sales of low sodium sea salts?

Increasing investments in production technology and infrastructure, the introduction of low sodium processed foods and growing manufacturing activities in emerging economies are key factors boosting sales of low sodium sea salt.

• Which are the top 5 countries exhibiting high demand for low sodium sea salts?

The U.S., China, Germany, India, and Australia are among the leading markets for low sodium sea salt, exhibiting consistently high demand.

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant based market blog

About FMI

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

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According to Future Market Insights, the frozen pizza market size is forecast to reach US$ 18.32 Bn in 2021. The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.

Frozen pizzas are prepared with a wide range of toppings including vegetables and meat covering both health and taste requirements. They are commonly sold as ready to cook food products.

The rising working population and craving for instant snacks are driving the frozen pizza market. Frozen pizza is sold via store-based retailing including convenience stores, discounters, forecourt retailers, hypermarkets, supermarkets, food specialist and online retail platforms.

Additionally, consumers desire food items that are easier to transport while having a longer shelf life. Fast-paced lifestyles have influenced consumers to seek ready-to-eat foods. Consumers are willing to pay a premium price for products obtained from organic and authentic sources. Producers of frozen pizza are consequently pushed to provide detailed information through labels.

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Consumers are hesitant to buy frozen products owing to concerns over processed ingredients. By providing accurate information about the additives used in FDA-approved frozen foods, manufacturers can gain consumer confidence and long-term brand loyalty.

Key Takeaways from the Frozen Pizza Market Study:

• The U.S. is a leader in the frozen pizza market, accounting for 80.9% of the North America market in 2021, supported by favourable consumer purchase patterns.
• Italy holds the lead in the Europe market with a share of nearly 16%, owing to growing consumption as a staple food.
• Brazil accounts for over 32% of the Latin America market in 2021, aided by favorable changes in consumer cuisine preferences.
• Thin crust pizza accounts for a market share of 63.3% in 2021, owing to the preference for low-calorie products.
• Meat toppings are anticipated to witness lucrative growth with a CAGR of 6.8%, supported by a relatively large meat-eating consumer base.

Who is winning?

Frozen pizza manufacturers are working on development of offerings that mimic freshly prepared pizza with lower calorie and fat content. In addition, manufacturers are focused on R&D to meet consumer demands in established and emerging markets.

While focusing on online retailing amid the pandemic, consumers are choosing from a wide range of products. Producers are promoting internet commerce to expand distribution in previously untapped markets.

Some of the leading companies offering frozen pizza include Frozen Specialties Inc., Nestle S.A., Jubilant Foodworks Limited, Oetker GmbH, Convenio, Foods Pvt. Ltd, Daiya Foods Inc., Giovanni’s frozen pizza, Monte Pizza Crust B.V, General Mills Inc, McCain Foods Ltd, Dr., Connies Pizza, Conagra Brands, Inc. and others.

Frozen Pizza Market by Category

By crust type, frozen pizza market is segmented as:

• Thin Crust
• Thick Crust
• Stuffed Crust

By toppings, frozen pizza market is segmented as:

• Cheese
• Meat
• Fruits and Vegetables
• Others

By sales channel, frozen pizza market is segmented as:

• Store based Retailing
  • Convenience Stores
  • Discounters
  • Forecourt Retailers
  • Hypermarkets
  • Supermarkets
  • Food Specialist
• Online Retail

By size type, frozen pizza market is segmented as:

• Small
• Medium
• Large

By region, frozen pizza market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

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Key Questions Answered in the Report

• What is the current valuation of the frozen pizza market?

The frozen pizza market is projected to surpass a valuation of US$ 18.3 Bn by 2021 end.

• At what rate did the frozen pizza market expand in the last 5 years?

The frozen pizza market exhibited steady growth at a CAGR of 4.8% in the last five years from 2016 to 2020.

• What is the frozen pizza market demand outlook?

The frozen pizza market is expected to register steady growth amid the COVID-19 pandemic in 2020. The market will register a CAGR of 6% between 2021 and 2031.

• What are the key trends prevailing in the frozen pizza market?

Leading frozen pizza manufacturers are focusing on product launches and flavor options. Also, there is a growing focus on nutrition and health including low fat and low-calorie options in the country.

• What are the key factors driving the sales of frozen pizzas?

Increasing demand for frozen convenience foods, improvements in recipes and frozen food storage and transport technology improvements are factors boosting frozen pizza sales.

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About FMI

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

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By the end of the forecast period, the global military parachute market is anticipated to have generated additional revenue worth over US$ 430.9 Mn while expanding at a CAGR of 4.6% from 2018 to 2027. The market for military parachute demand is anticipated to be driven by rising demand from personal use applications.

Dynamics and trends in the military parachute market, projections of its value (US$ Mn) and volume (Units), competitive landscape, recent advancements, and macroeconomic factors for the analysis period of 2018 to 2027.

As per a recent market research intelligence report released by Future Market Insights (FMI), with governments of major developed economies having increased their overall military budget and spending in the last few years, demand for military parachutes, too is estimated to grow. Growing instances of joint para-trooping exercises and increasing air-borne combing will substantially contribute to the sales of military parachutes.

Global sales of military parachutes are expected to peak at approximately US$ 918.4 million in 2019, representing a moderate 4.3 percent annual growth in global revenue over the same time period.

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North America to Dominate Military Parachute Landscape; APAC Fastest Growing

While North America is estimated to dominate the military parachute landscape with the maximum market share, falling military spending in the Middle East over the past few years, despite increasingly growing tensions in regions like Iraq, Libya, Syria and Yemen, demonstrates a limited revenue-generating landscape in the Middle East.

On the other hand, the military parachute market in Asia-Pacific is projected to exhibit a relatively higher CAGR, considering growing maritime patrol operations across South China Sea and Indian Ocean coupled with substantial defense expenditures by China and India.

“FMI forecasts notable spending on RDT&E activities, aimed at expanding the applications of parachutes used in military sector. In addition, growing demand for troop parachute and air-dropping of troops would supplement to the adoption of lightweight and high load carrying military parachutes.

Light-weighting of military parachutes is expected to remain a crucial revenue generating opportunity for the manufacturers. Although nylon remains the most widely used material given its high elasticity and more resistance to mildew, Dacron and Kevlar have also been used for parachute canopies”, Senior Analyst, Future Market Insights.

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FMI Identifies Pain Points that need to be addressed

• Military Parachute Manufacturing Lacks Regulation Standardization

Manufacturers of military parachutes are governed by region-specific regulations with varied testing standards. Moreover, in the absence of uniform flammability standards, manufactures use their own testing protocols, making it difficult for such products to find prominence, at a global level.

• Military Parachutes Users are More Prone to Injuries

Although parachuting is a fast and effective way of transporting large number of troops, it also is responsible for a number of injuries and sometimes, death owing to imperfect landing. Several studies indicate that injuries in static line group is much higher compared to free fall group.

In addition, light suits replacing the traditional free-fall parachute jumps for tactical operations, is projected to limit the sales of military parachutes, in the coming years.

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Round-Type Military Parachutes Generate Maximum Revenue; Ram-Air Parachutes Gain Prominence

With approximately 40 percent market share, round-type parachutes will push maximum revenue into the global military parachute market given its superior utility in in military, emergency, and cargo applications. However, advancing at a relatively higher year-on-year growth rate, compared to other types of military parachutes including cruciform parachutes and ribbon and ring/annular, the Ram Air parachutes are the most recent innovation designed to handle, spread, and mitigate the stresses of deployment at terminal velocity.

Also, known as parafoils, Ram Air parachutes have the ability to lose altitude quickly, eliminating the need for spirals and S-turns, thereby making it crucial in tactical assault systems. “In terms of application, military parachutes for personnel will account for almost 85 percent market share, by 2027-end, considering its responsive handling, safe flight characteristics, and better glide performance”.

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Insights from Competitive Landscape Analysis

• Tier-1 players are projected to exhibit dominance over 35-40 percent market. Such players include BAE Systems, Safran SA, CIMSA Ingenieria de Sistemas, S.A., and FXC Corporation.
• Nearly 60-65 percent market concentration demonstrated by tier-2 players including Complete Parachute Solutions, Inc., and Aerodyne Research, LLC.

About Future Market Insights (FMI)

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

Contact:

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