Transit Ticketing Market is Registering a CAGR 15% in the Forecast Period 2022-2032

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Transit Ticketing Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2022 to 2028.

Ticketing is a pain point across the people who travel daily or frequently. The purchasing process has been stressful and issues of affordability has been prevalent for the lower-income riders. The presence of high speed systems like smart cards and use of smart phones in the transit ticketing has taken this market to new high.

The people now want to buy these prepaid or easy-to-use options because of the simple process and most importantly for saving time and energy rather than standing in queues. The transit ticketing solutions are seeing more developments in the system category like for palm-scan fast-track lanes at airports, and such other devices are slowly being commercialized in the transit ticketing market.

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Transit Ticketing Market: Market Participants

Examples of some of the market participants in the global transit ticketing market identified across the value chain include Rambus Incorporated, Infineon Technologies AG, AEP Ticketing Solutions, Accenture Plc, Gemalto NV, NXP Semiconductors, HID, CPI Card Group Inc., Cubic Corp., Xerox Corp., and others of transit ticketing market.

Transit Ticketing Market: Segmentation

The Transit Ticketing market can be segmented on the basis of product, system, application, and region.

On the basis of component, the transit ticketing market can be segmented into:

  • Ticket Machine
  • E-Ticket
  • E-Kiosk
  • E-Toll

On the basis of system, the transit ticketing market can be segmented into:

  • Smart Card
  • Smart Phone

 On the basis of application, the transit ticketing market can be segmented into:

  • Railways & Metros
  • Buses
  • Personal Vehicles
  • Airlines
  • Ships

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

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Breathable Films Market Scope of Current and Future Industry 2030

The global Breathable Films market is expected to increase over the forecast period of 2020-2030, reaching US$ 927.8 billion by 2030, according to FMI researchers.

Pharmaceuticals, medical, hygiene & personal care, food & beverage, sanitary napkins, incontinence products, hospital disposables such as gloves, PPE kits, food packaging, and other industries all use breathable films. The global urbanisation that has occurred in the previous decade has acted as a driving force in the expansion of the breathable films market, which is expected to continue in the projected term (2020-2030).

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Some of the key takeaways from the report are as follows-
  • Global breathable films market is anticipated to grow at CAGR of 6% during the forecast period, starting from 2020 to 2030
  • Among materials, polyethylene breathable films are expected to dominate the market due to their diverse applications and low cost
  • In terms of type, micro-porous segment expected to emerge dominant while the monolithic segment is likely to remain in the next leading position during the forecast period
  • Hospital disposables sector emerges as key end user, exhibiting high demand for products such as surgical masks, gloves, PPE kits, and others.
  • North America expected to continue dominating among regional segments
  • In the category by end-users, hospitals to dominate the market during the forecast period. Food and beverages, personal care and hygiene, Apparel and clothing and others to remain in the dominant market positions in the current and near future.

Covid-19 Impact Analysis

Due to the COVID-19 pandemic there is surge in demand of several products starting from personal hygiene to pharmaceuticals and medical disposables like gloves, masks, PPE kit and others which are accelerating the growth of breathable films market globally. Despite of the disruption in manufacturing units or logistics services due to the ongoing pandemic, drop in GDP, job recessions and other factors, the overall market value is set to experience year-to-year growth and expansion throughout the forecast period. East Asian countries to significantly contribute to the global breathable films market due to increased urbanization, demography of the region, medical expenses of the large number of population and other factors.

“Lifting of China’s one child policy ban and rapidly growing aging population is likely to accelerate the demand in global breathable films market. Moreover, rapid growth in medical developments resulting increase in old age populations which is likely to impact the breathable films market positively in the near future” says an FMI analyst.

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Who is winning?

According to the report by Future Market Insights, the leading market players of the breathable film market are adopting various strategies to sustain in the competitive edge.

As the global market offers impressive opportunities, the key market players such as Schweitzer-Mauduit International, Inc., Berry Global Inc., and American Polyfilm, Inc., focusing on expanding their geographic presence to gain competitive advantage.

Some of the leading market holders in the global breathable film market-

  • Trioplast Industrier AB,
  • Innovia Films,
  • Arkema Group,
  • LyondellBasell Industries N.V.,,
  • RKW Group,
  • Fatra,
  • Covestro AG,
  • DuPont de Nemours, Inc.,
  • Kimberly-Clark Corporation

More Valuable Insights on Global Breathable Films Market

In the latest report, Future Market Insights depicts and analyses an unbiased research on the global breathable films market, along with the historical data for period of 2015-2019 and forecast statistics for the upcoming period of 2020-2030. To understand the scope, growth, strategies and opportunities in the breathable films market, the global market is segmented on the basis of material (polyethylene, polypropylene, polyurethane, and others), Film type (micro-porous, monolithic/non-porous), end-user industry (medical, food and beverages, pharmaceuticals, personal care and hygiene, apparel and clothing, building and construction, and others), across six major regions (North America, Latin America, Europe, East Asia, South Asia-pacific, MEA).

Key Segments Covered in Breathable Films Industry Research

Breathable Films Market by Material Type:

  • Polyethylene
  • Polypropylene
  • Polyurethane
  • Others

Breathable Films Market by Film type:

  • Micro-Porus
  • Monolithic/Non-Porus

Breathable Films Market by End-user Industry:

  • Food & Beverages
  • Pharmaceuticals
  • Personal Care & Hygiene
  • Apparel & Clothing
  • Building & Construction

Breathable Films Market by Region:

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

 

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

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Foodservice Paper Bags Market Analysis by Size, Share, Growth, Trends up to 2030

Over the years, there has been a gradual shift from plastic-based products towards sustainable, environment-friendly products. As concerns regarding the adverse effects of plastic continue to mount, products derived from paper have emerged as a fitting alternative.

In its new market study, Future Market Insights (FMI) has forecasted that the global foodservice paper bags market will record healthy growth between 2020 and 2030, and will progress at a CAGR of 5.4%. Moreover, the study projects that the market will attain a global valuation of US$ 1.45 Bn by 2030.

In the recent past, rising concerns regarding alarming levels of pollution caused by plastic have compelled several nations to impose a ban on plastic materials. This is promoting foodservice providers to opt for sustainable packaging solutions, thus driving the demand for paper bags.

Along similar lines, the proliferation of online food delivery and the growing trend of on-the-way meals are positively influencing the adoption of paper bags in foodservice applications. As end-users seek packaging solutions that are strong and leakage-proof, manufacturers are emphasizing on innovation in product design.

“Market players are focusing on developing products with high tensile strength and better quality to gain an edge over their counterparts, plastic bags, which are stronger than paper bags,” remarks FMI analyst.

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Key Takeaways

  • Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
  • Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
  • On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
  • Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
  • East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.

COVID-19 Impact on Foodservice Paper Bags Market

The outbreak of COVID-19 is exhibiting a dual impact on the packaging industry and it clearly reflects in the demand for paper bags in the foodservice sector. As people across the world remain confined in their homes, packaged food has emerged as a solution for their food cravings.

With efficient online food delivery services in place, consumers are resorting to online orders. This will aid the demand for paper bags to sustain during the forecast period to an extent. However, the closure of restaurants and other food outlets coupled with limitations on the production front will pose a challenge to the steady growth of the market during the pandemic.

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Who is Winning?

Key players in the market are focusing on producing sustainable products to comply with the existing norms on packaging methodologies. Along similar lines, traditional growth strategies such as acquisitions, mergers, and expansions will continue to shape the competitive landscape. On these lines:

  • In 2019, Amcor launched a new recyclable packaging format that is capable of reducing carbon impact by 64%.
  • In the same year, Westrock company completed acquisition of KapStone Paper and Packaging Corporation with an intention to expand its product portfolio.

FMI’s report includes profiles of some of the most prominent names in the market including WestRock Company, Huhtamaki Oyj, Paperbags Limited, Novolex Holdings LLC, Ronpak Inc., The Mondi Group LLC, Amcor Ltd., Vegware Ltd., Stora Enso Oyj., Smurfit Kappa Group, International Paper Company, Georgia Pacific LLC, Welton Bibby And Baron Limited, Biopac (UK), United Bags Inc. and Global-Pak.

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

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Pet Care Packaging Market to Exceed Valuation Of Thousand by 2030

The global pet care packaging market is, by no means, likely to go petty ways in the forecast period. In other words, the global pet care packaging market is expected to reach US$ 14.1 Bn by the year 2030 at a decent CAGR of 4.2% between 2022 and 2030.

Award winning market research company Future Market Insights’ latest report on the pet care packaging market brings to fore the key dynamics accelerating growth prospects for the 2020-2030 forecast period.

As per its projections, FMI infers that the pet care packaging market is poised to cross the US$ 10 billion mark, flanked primarily by the increasing proportion of pet ownership across all continents.

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A rapidly seeping trend of nuclearization of families is compelling individuals to seek companionship from other living beings. Consequently, pet humanization is picking up major pace, thus heightening expenditure on pet care products such as pet foods, healthcare products, cosmetics and nutraceuticals.

Key Takeaways from FMI’s Pet Care Packaging Market Study

  • Heightening pet food demand to accelerate pet care packaging market prospects
  • Metal materials to continue holding major sway, paper & paperboard acquiring high momentum
  • Bags & pouches likely to acquire surging popularity, driven by high demand for flexible packaging solutions
  • Cat food packaging to emerge as the fastest growing segment, dog food to reign supreme
  • Asia-Pacific to generate maximum growth potential, pivoted by rising pet ownership across countries such as India, China and Japan

“Prominent vendors are incorporating eco-friendly packaging solutions, in tandem with growing environmental consciousness by end-users and customers,” remarks the FMI analyst.

COVID-19 Impact Insights

As the COVID-19 pandemic tightens its noose around the global economy, a worldwide recession is on the cards. With various industries experiencing production crunches due to lockdowns, revenue and profit margins have taken a turn for the worse in the past few months.

With respect to the pet care packaging market, this deceleration is expected to be moderate across the short-term forecast period. In spite of the imposed shutdowns, demand for pet care products has remained afloat as pet owners are highly concerned about maintaining good pet health.

Consequently, online sales of various pet care products has compounded, prompting pet care product vendors to capitalize on this new trend to extensively market and sell their merchandise. Minor production crunches experienced in the initial months of the pandemic due to logistical constraints are already eroding, restoring the market projections.

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Competitive Landscape

The global pet care packaging market is characterized by the presence of numerous regional and international market players. This has rendered the landscape highly competitive in nature.

Some prominent vendors analyzed in this report are Amcor Ltd., AptarGroup Inc., Ardagh Group S.A, Bemis Company Inc., Coveris Holdings S.A, Crown Holdings Inc. and Constantia Flexibles Group GmbH among others.

A multitude of market strategies are being deployed by the aforementioned vendors in order to survive the cut-throat competition levels across potential regions. Strategies such as product innovations, mergers & acquisitions, portfolio expansion and accelerating R&D are proving highly effective in deepening the players’ regional and global footprints.

In addition, prominent players are also leveraging online marketing platforms due to the surging popularity of e-commerce. A majority of pet owners prefer to purchase merchandise within the comfort of their homes through prominent digital marketing platforms.

Key Segments Covered in Pet Care Packaging Industry Research

Pet Care Packaging Market by Material Type:

  • Plastic
  • Paper & Paperboard
  • Metal
  • Other Packaging Material

Pet Care Packaging Market by Packaging Type:

  • Cans
  • Bags & Pouches
  • Folding Cartons
  • Tubes
  • Blister Packs
  • Plastic Bottles & Jars
  • Others (Tubes, Cups, etc.)

Pet Care Packaging Market by Application:

  • Dry Food
  • Wet Food
  • Frozen

Pet Care Packaging Market by Region:

  • North America Pet Care Packaging Market
  • Latin America Pet Care Packaging Market
  • Europe Pet Care Packaging Market
  • East Asia Pet Care Packaging Market
  • South Asia Pet Care Packaging Market
  • Oceania Pet Care Packaging Market
  • Middle East & Africa (MEA) Pet Care Packaging Market

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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E-Scooter Financing Market is Expected to Reach US$ 253.2 Bn by 2032 – Future Market Insights, Inc.

According to the e-scooter financing industry analysis carried out by Future Market Insights (FMI), demand for e-scooter financing is expected to increase at a 28.4% CAGR over the forecast period, with the market valuation reaching US$ 20.8 Bn in 2022 and is expected to reach US$ 253.2 Bn by 2032.

Electrically powered scooters are becoming more popular as consumers are preferring personal mobility solutions as compared to public transportation. E-scooters are becoming a more common and vital mode of urban mobility. Rising awareness of environmental pollution and the need to migrate from traditional gasoline-powered vehicles to electric-powered vehicles, which aids in the decarbonization of urban transportation will fuel sales.

Congestion is one of the most serious urban issues faced by cities, causing endless traffic jams. Using public transport results in delays, poor sanitation, cancellations, last-mile commute issues, and even a lack of safety. Individuals are looking for easy, time-efficient, and cost-effective forms of transportation to get to their destination due to rising traffic congestion and long commutes.

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Electric scooters, especially ones manufactured for city transportation, provide a number of advantages. These e-scooters are small enough to fit in public transportation, easy to transfer over short distances, and does not get stuck in traffic in general. Furthermore, electric scooters are free of oil and fossil fuels, making for a green and peaceful mode of urban transportation. Backed by the aforementioned factors, sales in the global e-scooter financing market are expected to gain traction in the forthcoming years.

“The implementation of technologies such as blockchain and machine learning to improve customer experience across financial institutions, along with increasing popularity of new banks will drive sales in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By scooter type, the electric moped segment will offer an absolute dollar opportunity of US$ 126.8 Bn.
  • Based on provider type, demand in the non-banking finance corporation segment will grow by 13.4x over the forecast period.
  • In terms of purpose type, sales in the lease segment are predicted to grow at a CAGR of 3% between 2022 & 2032.
  • Germany will create an absolute dollar opportunity of more than US$ 7.8 Bn.
  • The demand for E-scooter financing in the U.S. will account for nearly 68.5% of the North America market share.
  • Sales in the India E-scooter financing market will grow at a 36.4% CAGR over the assessment period.

Competition Landscape

Bank of America, AEON Credit, Volkswagen Financial Services, HDB Financial Services, IDFC First Bank, Klarna, Katapult, Greaves Finance, L&T Finance, Hyundai Capital and Affirm are some of the leading players operating in the global E-scooter financing market.

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More Valuable Insights on E-Scooter Financing Market

Future Market Insight’s report on e-scooter financing market industry research is segmented into four major sections – scooter type (electric kick scooter, self-balancing e-scooter, and electric moped), provider type (banks, and others (non-banking financial corporations, credit unions)), purpose type (loan, and lease), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and The Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the e-scooter financing demand outlook.

E-Scooter Financing Outlook by Category

By Scooter Type:

  • Electric Kick Scooter
  • Self-Balancing E-scooter
  • Electric Moped

By Provider Type:

  • Banks
  • Others (non-banking financial corporations, credit unions)

By Purpose Type:

  • Loan
  • Lease

By Region:

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

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About Us

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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Church Management Software Market is Projected at a 5.7% CAGR During the Forecast Period 2022 – 2032

The global church management software market is estimated to garner US$ 405 Million while exhibiting a 5.7% CAGR during the 2022-2032 forecast period, according to a recently published FMI report. The market is expected to secure US$ 232.4 Million in 2022, yielding a dollar opportunity worth US$ 172.6 Million.

The adoption of church management software in large and small organizations is anticipated to gain benefits from church management as it is becoming more popular. Rising development in church management software and the addition of new features will grow the demand and are anticipated to foster the market growth on a large scale in near future. Also, growing threats to data security and the high deployment cost of the church management software are some of the prominent factors anticipated to hinder the market’s growth during the forecast period.

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From 2015 to 2021, demand for church management software grew at a CAGR of 6.4% to close at US$ 218 Million. As per the analysis, the cloud-based segment is anticipated to hold remunerative opportunities for the global church management software market. Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.

Key Takeaways:

  • By application, the mobile terminal segment is expected to record a 5.8% CAGR by 2032
  • By deployment, cloud-based church management software to expand at a 5.7% growth rate during the forecast period
  • The U.S market to garner US$ 144.5 Million and record a 5.5% CAGR from 2022-2032
  • Market in China to procure US$ 29 Million, expanding at a 5.1% growth rate during the assessment period
  • Global church management software industry to experience 1.7x growth from 2022-2032

Competitive Landscape

Eminent players of the global church management software market include ACS Technologies Group Inc., Anedot Inc., Blackbaud Inc., Faithlife LLC, and Ministry Brands LLC among others.  Recent developments among players include:

  • In April 2021, Faithlife unveiled its newest, first-of-its-kind technology product set to revolutionize worship, discipleship, and management for church leaders. Faithlife recognizes the challenges church leaders face, especially in today’s complicated times when the way we previously ministered to congregants has changed significantly.
  • In August 2021, Ministry Brands announced the acquisition of WeShare and WeGather assets from LPi, a leader in print and online communications primarily serving the Catholic Church market. The addition of WeShare and WeGather enables Ministry Brands to better serve Catholic constituents.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global church management software market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Covered in the Church Management Software Industry Survey

Church Management Software Market by Application:

  • Church Management Software across Mobile Terminals
  • Church Management Software across PCs

Church Management Software Market by Application:

  • On-premises Church Management Software
  • Cloud-based Church Management Software

Church Management Software Market by Region:

  • North America Church Management Software Market
  • Europe Church Management Software Market
  • APAC Church Management Software Market
  • The Middle East & Africa Church Management Software Market
  • Latin America Church Management Software Market

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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 Us:        
Future Market Insights
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Alternative Protein Market Projected to Record Highest Value of US$ 496.56 Billion by 2032 | Study by Future Market Insights Inc. 

A recently published study by FMI expects the global alternative protein market to augment at a 21% CAGR from 2022 to 2032. By the end of the forecast period, alternative protein market is expected to garner a market value of US$ 496.56 Billion by 2032. Alternative protein is gaining prominence in the livestock industry and food & beverage industry owing to the nutrition it provides, Innovations and launches of different proteins is increasing the sales of alternative proteins.

From 2016 to 2021, the global pet snacks and treats market registered a CAGR of 14% by accumulating a market value of US$ 61 Billion in 2021. The COVID-19 pandemic played a key role in increasing the importance of building immunity. Thus, most people invested in organic and clean protein to stay healthy. In addition, demand for meeting dietary requirements of animals is escalating the demand for alternative proteins.

North America, Asia Pacific and Europe are the major contributors to the alternative protein market owing to different reasons. Most people suffer from lactose intolerance or food allergies. Thus, consumers are investing in alternative protein. International players and start-ups are launching different protein products to cater to a larger consumer base.

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Key Takeaways from the Market Study

  • By source, microbial-based protein is expected to possess 40% market share for alternative protein market in the forecast period 2022-2032.
  • By application, animal feed is expected to procure 55% market share for alternative proteins
  • North America is expected to possess 40% of market share for alternative proteins
  • Asia Pacific is expected to procure 18% market share for alternative proteins
  • Europe is expected to possess 25% market share for alternative protein market in the assessment period.

“Alternative protein manufacturers are focusing on innovation and sustainability. This has led to production of cleaner and nutritious protein, thus, increasing sales of the same.” states an FMI analyst.

Market Competition

Key players in the global alternative protein industry are Cargill Incorporation, Royal DSM NV, AMCO Proteins, Puris, Axiom Foods, Darling Ingredients, Innovafeed, Lallemand Inc, Hamlet Protein, Archer Daniel Midland Company, AB Mauri, Soja Protein, Ingredion, Ynsect, Angel Yeast, and Calysta Inc.

  • Cargill Incorporation, a key player has introduced pea protein in the Asia market. The pea protein comprises of non-GMO features and has low allergenic. The protein is highly versatile and can be used in different food preparation.
  • Royal DSM NV launched CanolaPRO, a plant-based protein source from canola (rapeseed). The protein is gluten-free, non-dairy, Non-GMO and offers a mouthfeel texture.

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More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global alternative protein market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of by Source (Insect-based, Microbial-based, Plant-based, others) by application (Food & beverages, Cattle, Aquaculture, Animal Feed, Pet food, Equine, Others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Profiled in the Alternative Protein Market Industry Survey

Alternative Protein Market by Source:

  • Insect-based Alternative Protein
  • Microbial-based Alternative Protein
    • Bacteria
    • Yeast
    • Algae
    • Fungi
    • Others
  • Plant-based Alternative Protein
    • Soy Protein Isolates
    • Soy Protein Concentrates
    • Fermented Soy Protein
    • Duckweed Protein
    • Others
  • Other Alternative Protein Sources

Alternative Protein Market by Application:

  • Alternative Protein for Food & Beverage
  • Alternative Protein for Cattle
  • Alternative Protein for Aquaculture
  • Alternative Protein for Animal Feed
  • Alternative Protein for Pet Food
  • Alternative Protein for Equine
  • Alternative Protein for Other Applications

Alternative Protein Market by Region:

  • North America Alternative Protein Market
  • Latin America Alternative Protein Market
  • Europe Alternative Protein Market
  • Asia Pacific Alternative Protein Market
  • Middle East & Africa Alternative Protein Market

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Frequently Asked Questions

  • What is the anticipated growth of the alternative protein market until 2032?
  • What is the estimated market value of alternative protein market expected in 2022?
  • What is the estimated market value of alternative protein market expected in 2032?
  • Which region is forecast to be the most lucrative for alternative protein market growth?
  • Which are some prominent alternative protein manufacturers?
  • What is the expected market share of Asia Pacific for alternative proteins in 2022?
  • What is the expected market share of Europe for alternative proteins?
  • Which type of source is expected to hold the largest market share for alternative proteins?
  • Which type of application is expected to hold the largest market share for alternative protein?

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Spray Dried Food Market to Announce Growth at 7.7% CAGR with Valuation of US$ 1,13,260.9Mn by 2032

The market for spray dried food is anticipated to grow at a 7.7%CAGR and reach US$ 1,13,269 million in value by 2032. The market is now valued at US$ 54,122.2 million in 2022.

Spray dried foods are produced by spray drying method that produces dry form of food products form a liquid by rapidly drying using hot gas. Spray drying method is mostly used in the dairy industry and coffee manufacturing industry. The color and the aroma of the spray dried food products does not get change and helps in maintain the texture of the food products. Spray dried food products are cheaper as compared with freeze dried food products. Many manufacturers’ uses spray drying method for instant food products.

Spray dried food products has great shelf life as the moisture from the food products is being lowered by the producers thereby inhibiting the growth of the microorganisms. Spray drying method helps in retaining the flavor of the food products along with extending the shelf life of the food products. Spray dried food ingredients can be stored for prolonged years at ambient temperature. Spray dried fruit and vegetable powders are required for products such as snack foods, infant formula, confectionery and bakery products.

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Global Spray Dried Food Market: Regional Outlook

Geographically, the global spray dried food industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global spray dried food market followed by Asia Pacific and Europe. Increasing demand for spray dried food products as a result of storage of these food products for a prolonged period, has strengthened the growth of global spray dried food market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

Global Spray Dried Food Market: Growth Drivers

The global spray dried food market driving factors are increasing demand for ready-to-eat snack foods coupled with the convenience of foods. Increasing opportunities in bakery industry, snacks industry, and confectionery is also another factor in driving the spray dried food market along with increasing extension of shelf life of these products for prolonged periods. Manufacturers are focusing on providing healthier product offerings. Spray dried food products contains no moisture which helps in inhibiting the growth of microorganisms in these products coupled with extending the shelf life of these food products. Hence, the global spray dried food market is expected to observe robust growth over the forecast period.

Global Spray Dried Food Market: Key Players

Some of the key players identified across the value chain of the global spray dried food market includes mevive international food ingredients, Drytech Industries, Sunspray Food Ingredients (Pty) Ltd., WATSON-INC., The Food Source International Inc., Green Rootz, General Mills Inc., Mercer Foods, LLC., RB Foods, Van Drunen Farms, and Nestle S.A. The companies are expected to expand their business by enhancing their product portfolio in global spray dried food market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global spray dried food market till 2027.

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Global Spray Dried Food: Market Segmentation

The global spray dried food market is segmented on the basis of type, application and region.

The spray dried food market is segmented on the basis of type such as

  • vegetable
  • fruit
  • seafood
  • dairy products
  • spices and seasonings
  • others

The global spray dried food market is segmented on the basis of application

  • snacks
  • bakery products
  • confectionery
  • infant formulas
  • Others

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Report Highlights:

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

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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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Granulated Tapioca Market Growth Analysis, Strategies, Demands in 2032

Granulated Tapioca Market is likely to surge at a vigorous 4% to 5% CAGR during the assessment period 2022-2032. 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.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Granulated Tapioca 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 Granulated Tapioca 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 Tapioca Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Granulated Tapioca 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 Tapioca 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 Tapioca 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 Tapioca Market: Segmentation

By Nature:

Organic
Synthetic
By Packaging:

Stand-up Pouches
Jars
Tetra Pak
By Function:
Thickening Agent
Texturizer
By Application:

Pudding
Bubble Gum
Tea
Candies and Desserts
Soups and Gravies
Pie Fillings
Sweet Soups
Others
By Distribution Channel:

Direct Sales (B2B)
Indirect Sales (B2C)
Hypermarkets/ Supermarkets
Online Stores
Specialty Stores
Other Retailers
By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Granulated Tapioca Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Granulated Tapioca market. Competitive information detailed in the Granulated Tapioca 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 Tapioca market report.

Key players covered in the report include:

Some of the leading players in the granulated tapioca market are Edward and Sons, WinCrest BulkFoods, COMBRASIL, Amafil, YOKI, Red Hill General Stores, Inc., Larissa Veronica, Kauffman’s Fruit Farm, Choice Tropical, LLC, Varies, Pa Dutch Food & Candy Company, and others.

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Important Questions Answered in the Granulated Tapioca Market Report

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

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

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

Erythrosine Market is anticipated to increase at a high CAGR of 3.7% (2022-2032), reaching a value of about US$ 56.68 Mn by 2032.

As modern manufacturers emphasize elevating their product appeal to entice a larger consumer bases, increasing product attractiveness remains paramount. Colorants play a vital role in achieving this, particularly in the food and beverage sector.

Growing consumer inclination towards decorative foods, has further brought food additives and colorants in spotlight. Obtained from coal tar, erythrosine is one such artificial red coloring agent, commonly known as red dye, which finds significant application in cosmetics, pharmaceutical, and food and beverage sector.

It has been validated with claims that food coloring preparations containing erythrosine possess superior coloring features compared to alternative red food colorings which include longevity, lack of bleeding, color strength, and finished product quality.

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The merit of using erythrosine is strongly supported by companies that use erythrosine for food decoration purposes. Precise visual effect and unique shades achieved with erythrosine, which are unattainable by using other food colors, makes erythrosine a preferred choice for end users.

Erythrosine Market: Notable Developments

The key players operating in erythrosine market attempt to focus on changing consumer requirements to gain a competitive edge. Investments centering constant research initiatives regarding the efficacy of erythrosine are also being carried out by leading erythrosine market contributors.

  • Food Ingredient Solutions (FIS), a leading erythrosine market player recently partnered with Spain’s BTSA to provide Non-GMO vitamin E developed from IP non-GMO soy and sunflower oil.
  • BASF and Sichuan Lutianhua Co., Ltd., a globally recognized erythrosine provider recently signed a MoU to co-develop a pilot production plant, which will substantially reduce carbon emissions and boost energy efficiency in producing dimethyl ether from syngas compared to the tradition.

Sigma-Aldrich Co.LLC., a leading erythrosine market player was founded in 1996. The company’s parent organization is Merck Group and its subsidiaries include Cerilliant Corporation, Cell Marque Corporation, BioReliance Corporation, and more. The company aims to solve life science problems through collaborations with the global scientific community.

Dynemic Products Ltd., another company operating in the erythrosine market was founded in 1990 with its headquarters located in India. The company’s subsidiary includes Dynamic Overseas (India) Pvt. Ltd. The company is one of the largest manufacturer and exporter of food colors across the globe.

Consumer Inclination towards Processed Foods to Foster Growth

Packaged and processed foods are becoming a vital aspect of today’s busy, on-the-go consumers, as they support their fast-paced lifestyles. Packaged and processed foods require effective preservation and stronger shelf appeal to entice consumers. Consumer inclination towards processed foods has shifted the food manufacturers towards synthetic food colorants that allow preservation for a longer period of time, including erythrosine.

As packaged and processed food consumption continues to rise, the application of synthetic food colorants such as erythrosine is likely to gain major impetus, supporting the growth of the erythrosine market.

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Reluctance for Synthetic Additives to Hamper Sales

Although synthetic additives are gaining widespread applicability across a plethora of industries owing to its effective preservation for a longer time and cost-effectiveness over natural dyes, the growing positive perception associated to natural colorants and dyes is expected to hinder the sales of erythrosine. Demand for natural colorants and additives are witnessing a major growth on account of the rapid gravitation towards the health and wellness trend, and shift towards food products having naturally derived ingredients.

Health Adversities to Impact Adoption

Depending on its long term and short term utilization, erythrosine has potential carcinogic and mutagenic effects. Although it is used as a colorant alternative, the health adversaries of erythrosine have resulted in prohibition of the dye in certain regions. For instance, Erythrosine is banned in the US but is legal in Brazil and other countries. As health remains a top priority, it could hinder the adoption of erythrosine.

Erythrosine Market by Category

By Forms:

  • Liquid
  • Powder
  • Granules

By Solubility:

  • Dyes
  • Lakes

By Application:

  • Beverage
  • Bakery, Snacks, and Cereals
  • Candy/ Confectionery
  • Dairy
  • Fruit Preparations/ Fillings
  • Meat, Poultry, Fish, and Eggs
  • Potatoes, Pasta, and Rice
  • Sauces, Soups, and Dressings
  • Seasonings
  • Pet Food
  • Others

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Frequently Asked Questions

  • How big is the opportunity in the global erythrosine market?
  • How much does pet food industry contribute to erythrosine market?
  • What is the China erythrosine market outlook?
  • At what rate will the market grow in Japan?

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

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