Vegan Pasta Market by Analysis, Growth, Emerging Trends, Research Methodology, Massive Growth & Industry Survey

The Vegan Pasta Market is estimated to be valued at USD 176 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 416.7 Mn by 2032, rising at a CAGR of 9% for 2022-32.

Veganism’s growing popularity, consumers’ preference for a healthy diet, rapidly changing lifestyles, less preparation time, the availability of a diverse range of vegan pasta, and vegan pasta’s status as a high-quality and healthier product all contribute to the market’s expansion.

Despite the fact that competition has increased due to the entry of many new players, the fact that vegan pasta is a premium product with a high price can stifle market growth for vegan pasta. This misunderstanding of vegan products and their health benefits also stifles the global expansion of the vegan pasta market.

The global vegan pasta market, on the other hand, is expanding due to an increase in the number of consumers who prefer vegan food, changes in consumer eating habits toward healthier foods, internet penetration as a distribution channel, and increased awareness about vegan products. In addition, the introduction of new types of vegan pasta, as well as improved marketing strategies, are some of the other opportunities fueling the global vegan pasta market growth.

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Key Takeaways from Market Study

  • The global vegan noodle market is expected to be dominated by China. Vegan foods, vegan ingredients, and vegan noodles are becoming increasingly popular among consumers in the country.
  • The growing vegetarian population in India is expected to drive the growth of the vegan pasta market in the coming years.
  • As the number of consumers increases in the United States, online retailers make appealing offers such as discounts and free delivery schemes to reduce the hassle of shopping, thereby increasing demand for vegan pasta.
  • Brazil remains one of the most prominent vegetarian nations. This is expected to increase market demand for vegan pasta in the country.
  • In the United Kingdom, a predominantly meat-eating country, approximately 160,000 people declared themselves vegan in 2017, with an additional 700,000 declaring themselves vegan by 2021. Veganism has grown in popularity over the years, so the market is expected to expand during the forecasted period.

“Pasta, the most popular convenient food, is becoming more popular in the vegan market. Several well-known brands have begun to offer various types of vegan pasta, accelerating the global vegan pasta market’s growth,” says a Future Market Insights analyst.

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Competitive Landscape

Key players in the vegan noodles market are focusing their efforts primarily on emerging countries, which offer numerous lucrative opportunities for the vegan noodles market. The major players in the vegan noodles market are constantly introducing new products that are tasty and come in a variety of flavours.

  • Barilla acquired Catelli, a Canadian company, in February 2021. The company’s dry pasta plant in Montreal is included in the acquisition (Quebec).

Some of the key players in the vegan noodles market include Cece’s Veggie Co., Nissin Food Products Co. Ltd., Myramen Inc., Dr. McDougall’s Right Foods, Lotus Foods Inc., House Foods America Corporation, Barilla G. e R. F.lli S.p.A, Nongshim America, Inc., and Marzetti Company.

Explore More Valuable Insights

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

The study offers compelling insights based on category (Fresh, Dried) nature (Organic, Conventional) source (Wheat, Rice, Legumes, Buckwheat, Oats, Others (Fava Beans, Quinoa, etc.)) product (Penne, Spaghetti, Elbows, Fettuccine & Linguine, Filled Pasta, Others (Angel Hair, Farfalle, etc.)) packaging (Boxes, Trays, Packets & Pouches) distribution Channel (Direct (B2B), Indirect (B2C), Hypermarkets/ Supermarkets, Convenience Stores, Discount Stores, Food and Drink Specialty Stores, Independent Small Groceries, E-Commerce (Online Retail)) region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa).

Frequently Asked Questions

  • What is the value of vegan pasta market in 2021?
  • What is the future growth rate of the vegan pasta market in the forecast period?
  • What is the inferred global demand for vegan pasta over the forecast period?
  • Who are the prominent players in the global vegan pasta market?
  • Which are the countries contributing in the expansion of vegan pasta market?
  • At what level does the report reflect pricing analysis?

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 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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T: +1-845-579-5705

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Silk Protein Market Current Trends and Future Growth Estimations Outlook To 2032

Newly released data from silk protein market analysis by Future Market Insights show that the silk protein market is valued at USD 0.6 Bn in 2022. It is set to grow at 5.9% CAGR through 2032.

Silk protein is used in eye cosmetics and eye drops to make them free of toxic chemicals that cause eye discomfort and hair loss in the lashes and eyebrows. Silk protein, which can be found in mascara, brow makeup, and eye drops, could be a solution to these issues.

These products will help consumers maintain a suitable volume of hair while also adding to their appearance because they promote hair development.

Similarly, these are used to manufacture moisturisers, facial toners, face masks, soap, body wash, and a variety of other products that help the skin fight early ageing and hydrate it to make it look shinier, younger, and more beautiful.

The need for silk protein in industries such as cosmetics & personal care, textiles, pharmaceuticals, and nutraceuticals is propelling the worldwide silk protein market forward. Silk protein’s oligopeptides and other helpful components, such as amino acids, are rapidly being adopted in the production of beauty goods such as body lotion, shampoo, lotions, and serum.

The market for silk protein is growing due to increased research into two silk types, Sericin and Fibroin, for their potential use in the pharmaceutical industry. However, the high price of silk protein, which is a result of the high cost of silk manufacturing, could be a major stumbling block to the worldwide expansion of the silk protein market.

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Key Takeaways from Market Study

  • Europe is the most important region in the silk protein market, accounting for 25.7 percent of the global market. In comparison to other European countries, Poland is likely to provide a relatively large part of the silk protein market.
  • The global silk protein market is a market with a moderate level of competition. Tier-1 players control approximately 35 percent to 40 percent of the market.
  • Manufacturers are concentrating on certain techniques, such as acquiring small businesses that have long been active in the silk protein sector. These acquisitions can help them expand their regional and local markets, as well as gain consumer trust.
  • Manufacturers are also expanding their market presence by introducing new silk protein-based goods. In a nutshell, they aim to attract customers by offering unique and rich items made from natural elements or ingredients.
  • “Collaborations, mergers and acquisitions, product and technology innovation, and investment in R&D are just a few of the key growth strategies being used by major market players in the global silk protein market.”says a lead analyst at Future Market Insights.

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Who is Winning?

Haircare, toiletry, skincare, lip care, colour cosmetics, and pharmaceuticals are just a few of the potential uses for silk protein. The expanding use in haircare products is projected to result in higher market share, while skincare adoption continues to account for comparatively large sales.

For example, Swisse Wellness, a well-known Australian personal care, vitamin, and supplement firm, released a line of jelly supplements in the United States in 2019. Cera-Q, a silk protein hydrolysate proven to promote cognitive capabilities, is used in the company’s “attention boost jelly,” which is claimed to support brain function and memory.

Some of the leading companies offering silk protein are SilkTech Biopharmaceuticals Huzhou Aotesi Biochemical Huzhou Xintiansi Bio-tech Co., Ltd. Kraig Biocraft Laboratories, Inc. (Trading Symbol: KBLB) Evolved by Nature (previously Silk Inc.) Bolt Threads AMSilk GmbH Universal Preserv-A-Chem Inc., Proteina, and SUBONEYO CHEMICALS PHARMACEUTICALS PRIVATE LIMITED.

Get More Valuable Insights

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

The study divulges compelling insights on silk protein based on product (sericin, fibroin), form (powder, oil), application (haircare, skincare, eye care, color cosmetics) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Frequently Asked Questions

  • What is the growth rate of the silk protein market?
  • What is the market’s forecasted outlook for 2022-2032?
  • What are the major industry drivers?
  • What are the key industry strategies of the global silk protein market?
  • What are the major regional markets for silk protein?
  • Which region consumes the highest amount of silk protein?
  • What are the most common types of silk protein in the market?
  • What are the market’s major application segments?
  • What are the Key companies operating in the market?

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 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: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Coconut Milk Products Market Business Growth, Current Trends, Rules, Challenge, and Interaction, Application Details, Key Components, Forecast 2031

Recent evidences showcasing health benefits of coconut milk products, coupled with consumer preference for a vegetarian diet are driving coconut milk products sales, finds Future Market Insights (FMI) in a study. According to the report, the coconut milk products market will reach a valuation of US$ 285.6 Mn by 2021. The demand in the market will continue rising as an increasing number of consumers showcase inclination for plant-based food and beverages.

Other factors such as rapid urbanization, rising number of health-conscious consumers, increasing disposable income of consumers, and their changing lifestyles especially in developing countries are expected to be a major driver for the growth of the food processing industry. Coconut milk products help in the formation of hemoglobin as they contain iron and also help in improving the health of patients suffering from anemia. Coconut milk products also strengthen immune system against various microorganisms because they have various anti-bacterial and anti-viral properties. Increasing awareness about various health benefits of coconut milk products and consumer preference for a vegetarian diet, will drive the market.

The hectic lifestyle of people has increased the demand for ready to eat foods and processed food products. Increasing use of coconut milk powder for enhancing the functional and nutritional value, shelf life, and quality of the product will create growth opportunities in the market. According to the report, coconut milk powder accounts for over 80% of sales in the market.

Coconut milk products are used in the preparation of nutritional foods and also used as a dietary supplement because of their high nutritional content. Increasing application in the food and beverages sector will continue driving sales.

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Key Takeaways from the Coconut Milk Products Market Study

  • Increasing focus on health and wellness will push coconut milk product sales at 7.6% between 2021 and 2031
  • As a result of rising cases of obesity and diabetes, the U.S. is exhibiting high demand for plant-based food and beverages. It will account for over 88% of coconut milk products sold in North America in 2021
  • Expansion of the food sector, especially growth in confectionaries and bakeries will drive sales in the U.K. at above 7% in 2021
  • Indonesia and India will emerge as key markets for coconut milk products in South Asia. Increasing coconut production will seal Indonesia’s dominance
  • China will account for maximum coconut milk product sales in East Asia. Increasing demand for plant-based food items will drive sales in the country

“The increasing demand for food with high nutritional value and longer shelf life has been a key factor pushing application of coconut milk products in the food processing industry. With focus on health expected to rise, the market for coconut milk products will exhibit impressive growth in the coming years,” said a lead analyst at FMI

Vegan Food Popularity a Blessing for Coconut Milk Products Market

Vegan food is gaining popularity among consumers as a result of environmentally sustainable plant cultivation. Despite the fact that vegan food is an expensive commodity, consumers are willing to pay more for it because they want to follow safe and healthy eating habits and care about the environment. Vegan food products are becoming more common in developed and developing countries as consumers have become more aware of food safety and quality. This will have a positive impact on coconut milk products market, driving sales as a sought-after dairy alternative.

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Who is winning?

Some of the leading companies involved in coconut milk products are Thai Coconut Public Company Limited, Nestle S.A., The Sambu Group, Pacific Foods of Oregon, Celebs Coconut Corporation, Grace Kennedy Limited, Asiatic Agro-Industry, Monty and Totco Corporation Limited, McCormick & Company Incorporation, Primex Coco Products Incorporation and others.

Product launches remain a chief strategy among market players. For instance, Nestlé S.A launched Nespray Coco-Up in Sri Lanka in 2018.

Get Valuable Insights into Coconut Milk Products Market

Future Market Insights, in its new offering, provides an unbiased analysis of the coconut milk product market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the coconut milk products market based on By Product Type (Coconut Milk Powder and Coconut Cream Powder), By Nature (Organic and Conventional), By End-Use (Food and Beverage Processing, Personal Care and Cosmetics, Functional Foods and Dietary Supplements, Foodservice/HoReCa and Household), by distribution channel (Direct Sales/B2B, Indirect Sales- Hypermarkets/Supermarkets, Convenience stores, Mass Grocery Retailers, Specialty Stores and Online Retailing) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, MEA and Oceania).

Frequently Asked Questions

  • Which type of coconut milk products is preferred more?
  • What are the key factors driving the coconut milk products market?
  • Which are some of the leading companies offering coconut milk products?
  • Which is the leading market for coconut milk products?

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 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: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Polyethylene Terephthalate Market is expected to reach US$ 40 Billion by the end of 2032

According to forecasts, the global market for polyethylene terephthalate would increase from US$ 27.1 billion in 2021 to US$ 28.6 billion in 2022. Additionally, the industry is anticipated to grow at a CAGR of 3.4 percent to reach almost US$ 40 billion by 2032.

The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Polyethylene Terephthalate market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

FMI’s latest report on global Polyethylene Terephthalate market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Polyethylene Terephthalate in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Polyethylene Terephthalate market.

In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.

With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Polyethylene Terephthalate market is expected to witness in the upcoming decade.

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Important Questions Answered in the Polyethylene Terephthalate Market Report

  1. How will the Polyethylene Terephthalate market expand through 2032?
  2. Which region is the most lucrative in the Polyethylene Terephthalate market?
  3. What are the recent technological developments in the Polyethylene Terephthalate market?
  4. What are key challenges and competition threats faced by Polyethylene Terephthalate market players?
  5. Who are prominent players leading the Polyethylene Terephthalate market?

Polyethylene Terephthalate Market: Competitive Evaluation

The FMI’s Polyethylene Terephthalate market report provides a comprehensive analysis on key players operating in the Polyethylene Terephthalate market. Some of the key players are:

  • Indorama Ventures Public Company Limited
  • Alpek SAB de CV
  • Sinopec Group
  • Far Eastern New Century Corporation
  • CR Chemical Materials Technology Inc.

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

Key Segments Covered in the Polyethylene Terephthalate Market Research Report

Application:

  • Polyethylene Terephthalate for Sheets/Films
  • Polyethylene Terephthalate for Packaging
  • Polyethylene Terephthalate for Consumer Goods
  • Polyethylene Terephthalate for Other Applications

End User:

  • Polyethylene Terephthalate for Automotive Industry
  • Polyethylene Terephthalate for Electronics
  • Polyethylene Terephthalate for Food & Beverages
  • Polyethylene Terephthalate for Other End Users

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the Polyethylene Terephthalate market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Polyethylene Terephthalate market

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.

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Food Testing Services Market Analysis by Business Developing Strategies, Growth Key Factors and Forecast to 2032

Newly released data from Food Testing Services Market analysis by Future Market Insights shows that the global Food Testing Services Market size is estimated at USD 20 Billion. It is expected to grow at a CAGR of 8.5% for the forecasted year 2022-2032. It is also estimated that the market size will reach USD 30 Billion by 2032.

Food Testing Service are in high demand due to the growing threat of foodborne diseases, adulteration, and toxicity. Every year, one out of every ten people becomes ill from a foodborne illness, with children under the age of five being the most vulnerable.

Each year, approximately 450,000 people die as a result of eating contaminated food, according to the World Health Organization (WHO). These factors highlight the importance of increased care and the construction of more food-safety facilities.

In developed countries, the Food Testing Services market is being driven by rising consumer interest in food quality and technological advancements. Through safety certifications and compliance, food processing companies and foodservice organizations are gaining consumer trust. Increased consumer interest in food safety and quality issues, as well as the ability to quickly share these issues via social media, combined with expanding regulatory resourcefulness, such as the Food Safety Modernization Act (FSMA), are raising the importance of testing.

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Key Takeaways from Market Study

  • The United States dominates the global market for food safety testing. The strict regulations imposed by regulatory bodies are a major factor driving the growth of the food safety testing market in the United States.
  • The high occurrence of food safety incidents in China, rising food exports from China, and globalisation of food trade are driving market growth.
  • Because India is the world’s largest milk producer, rigorous Food Testing Services is required before any dairy products are exported or even consumed in India.
  • Spain is currently driving global market growth and will do so in the future.
  • Japan is one of the most technologically advanced countries in the world. This helps Japan’s Food Testing Services industry grow by allowing for better R&D and, as a result, better measures.

“During the COVID-19 pandemic, there was an increase in the demand for food safety testing as food manufacturers offered virus-proof food products to consumers in order to gain a competitive advantage over other market players. Furthermore, in the face of an increasing virus threat, government officials are ensuring food product safety,” says a Future Market Insights analyst.

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Who is winning?

Over the last four years, the leading market participants in the overall food safety testing market have implemented key strategic developments.

  • Eurofins Scientific, in collaboration with Nestle Research (Lausanne, Switzerland), developed a new method for identifying fructans in infant formulas and adult nutrition in October 2020. The method had received official standard status from the world’s leading standardisation organisations, including AOAC, ISO, CEN, and IDF.
  • SGS SA’s partnership with RLP AgroScience will benefit the company’s development of more complex, tailor-made experimental designs for pesticides, chemicals, biocides, and human/veterinary drugs in February 2021.
  • Bureau Veritas, in collaboration with Leela Palaces (India), launched the “Surakhsha” initiative in May 2020 to provide high standards of food safety and hygiene while also leveraging technological services to maintain hygiene standards.

SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific S.E. (Luxembourg), Thermo Fisher Scientific Inc. (U.S.), ALS Limited (Australia), Bureau Veritas SA (France), Merieux NutriSciences Corporation (U.S.), and others are among the key players profiled in the global food safety testing market.

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Explore More Valuable Insights

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

Market Segments Covered In Food Testing Services Industry Analysis

Type:                    

  • Pathogens
  • Salmonella
  • Campylobacter
  • E.coli
  • Listeria
  • Others
  • Pesticides
  • Genetically Modified Organism (GMO)
  • Toxins
  • Others

Technology:

  • Traditional
  • Rapid
  • Polymerase Chain Reaction (PCR)
  • DNA Sequencing/NGS
  • Immunoassay
  • Chromatography
  • Spectroscopy

Food Tested:

  • Meat, Poultry, and Seafood
  • Processed Food
  • Fruits & Vegetables
  • Dairy Products
  • Cereals & Grains
  • Others

Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World

Frequently Asked Questions

  • What is the growth rate of the Food Testing Services Market ?
  • What is the market’s forecasted outlook for 2022-2032?
  • What are the major industry drivers?
  • What are the key industry strategies of the global Food Testing Services Market ?
  • What are the major regional markets for Food testing?
  • Which region contributes to the highest amount of Food testing?
  • What are the most common types of Food testing in the market?
  • What are the market’s major application segments?
  • What are the Key companies operating in the market?

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 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: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Citrus Powder Market Size to Grow with a High CAGR Global Industry Analysis and Forecast to 2029

According to a new study by FMI, sales of citrus powder is expected to reach ~US$ 6 Bn in 2019, primarily influenced by the recent reforms coming into fore in the global food sector. In recent years, increasing focus towards cleaning and sanitization has been compelling manufacturers to identify and leverage white spaces in the application of citrus powder, especially in personal hygiene products. Moreover, the consumer proclivity for using chemical-free products with natural ingredients will continue to provide a fillip to sales of citrus powder in 2019 and beyond.

As demand for ‘natural ingredients’ and ‘clean labels’ continue to gain prominence, citrus powder manufacturers are continuously exploring untapped potential of products. FMI’s study finds that significant growth of F&B and cosmetics industry will continue to work to the advantage of the market players.

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The idea of adding citrus powder to different food and beverages products is helping consumers to discover and identify new and refreshing flavors. Apart, from the taste, many consumers are using citrus powder for its nutritional and health benefits. Moreover, the addition of citrus powder to salads, chicken and soups has been a common practice being followed by East Asian consumers for its flavor enhancing and medicinal properties. It further helps elevate the nutritional property of food.

Citrus powder has been garnering significant traction as a viable ingredient in dietary supplements, as it is enriched with vitamin C, phosphorus, minerals and various other health boosting nutrition. Studies have also shown that citrus powder help support heart health, prevent kidney stones, and in weight management.

Opportunities Abound for Market Players in Developing Countries

Being the largest exporters of citrus fruits, the citrus powder market in countries such as Spain, South Africa, China, the U.S. and Mexico has reached its maturity.

According to FMI study, growth opportunities for the citrus powder market players are picking pace in South Asia and Oceania, owing to profound growth of end-use industries including food & beverages, cosmetics & personal care, and others. A sprung in the number of working population, greater awareness of natural ingredients, rapid inclination towards personal grooming, and increased disposable income are further likely to aid in the expansion of citrus powder market in developing countries in South Asia.

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FMI’s business intelligence also underlines groundbreaking insights into the competitive scenario of citrus powder market along with highlights of the manufacturers’ differential strategies. Key players in the citrus powder market will continue to align with global sustainability drive by including ‘organic’ offerings in their existing portfolios, which is likely to help them enhance customer confidence. For instance, LemonConcentrate S.L. – a world class company that belongs to the fruit concentrate sector, – is facing the growing competition of their peers by opening an organic way of farming along with the conventional one. The company is also introducing recyclable packaging materials and providing versatile packaging on the basis of different quantities of citrus powder. Significant improvements in packaging is further likely to increase the shelf life of citrus powder, which has been a major concern among the manufacturers.

In May 2019, Givaudan SA, the world’s largest company in flavor and fragrance industries has expanded their business by acquiring Golden Frog Company which is a Vietnamese flavor company, to increase its regional and local presence. Following the acquisition, the company introduced a range exciting flavors, and the result is likely to lead to expanded customer base.

Frequently Asked Questions

  • What is the Growth Outlook for the Citrus Powder Market?
  • By 2032, how much can the Citrus Powder Market Grow?
  • What is the Current Valuation of the Citrus Powder Market?
  • Which Region is likely to Lead the Citrus Powder Market?

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 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: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Citrus Oil Market Regional Analysis and Industry Growth by Forecast to 2032

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the citrus oil market is estimated to reach a value of USD 5.8 Bn by 2032, surging at 4% CAGR through the decade.

As a result of rising health consciousness and consumer demand for natural ingredient products, the citrus oil market is rapidly expanding. The growing popularity of organic products is fueling industry growth. Other factors such as rising demand for cosmetic and personal care products, rising disposable incomes, and rapid technological advancements will all significantly contribute to market growth.

Furthermore, citrus fruits and vegetables like orange, lemon, and grapefruit, which are the main sources of citrus oil, are abundant in nature. As a result, the widespread availability of citric fruits and vegetables has been critical in increasing citrus oil production.

Growing investments in research and development activities to find new uses for citrus oil are expected to boost the global citrus oil market’s growth over the forecast period.

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Key Takeaways from Market Study

  • The Chinese citrus oil market is expected to reach USD 540 million by 2032, growing at a CAGR of 9%.
  • France is expected to have a 15% market share. France is expected to be the largest market in terms of the value of citrus oils during the forecast period, as consumers’ preferences for sophistication and demand for natural beauty care products, fragrances, and medicines rise.
  • The Citrus Oil Market in Germany is expected to grow at a CAGR of 3.8% between 2022 and 2032.
  • The Spanish citrus oil market is expected to grow at a CAGR of 3.5%. Apart from the food and beverage industries, citrus oil is expected to be in high demand in the healthcare industry in Spain for the treatment of infections, skin disorders, obesity, and asthma.
  • The Russian citrus oil market is expected to expand at a 4.5 percent CAGR. Orange oil is in high demand among Russian citrus oil market participants.

“Citrus oil is gaining popularity not only as a flavor enhancer but also for its medicinal properties. Citrus oil demand has increased in recent years due to an increase in demand for protected and value-added foods,” says a lead analyst at Future Market Insights.

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Who is winning?

The market’s essence is sharply divided. Increased use of nutraceutical, functional, and dairy supplements due to their high phenolic content is expected to create growth opportunities for market participants. During the forecast period, the nutraceutical industry will expand significantly, and product demand will rise.

  • For example, Archer Daniels Midland Company (ADM) acquired Ziegler Group, a European citrus oil manufacturer, in March 2019 in an effort to expand their citrus oil offerings in the market.

Mountain Rose Herbs, Young Living Essential Oils, Farotti Essenze, Moksha Lifestyle Products, LLC, TERRA Holdings, Plant Therapy Essential Oils, and others are among the market’s major players.

Get More Valuable Insights

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

The study divulges compelling insights on the citrus oil based on source (Oranges, Tangerines/Mandarins, Lemon and Lime, Grapefruit) extraction method (Steam Distilled, Cold-Pressed, Hydro-Distillation) fold (2-4 Folded, 5-7 Folded, 8-10 Folded, Above 10 Folded) grade (Deterpenated Oil, Terpenless Oil, Concentrated Oil, Terpene Oil) application (Food & Beverage, Personal Care & Beauty Products, Home Care Products, Aromatherapy, Health Care Products) channel (Direct Sales, Modern Trade, Specialty Store, Mono Brand Store, Online Retailers, Other Sales Channels) region (North America, Latin America, Europe, Japan, APEJ, MEA).

Frequently Asked Questions

  • How much was the citrus oils market valued at in 2021?
  • What is the expected growth rate of the citrus oils market in the forecast period?
  • What is the forecasted global demand for citrus oils by 2032 end?
  • Who are the key players in the global citrus oils market?
  • Which are the countries contributing in the expansion of citrus oils market?
  • At what level does the report reflect pricing analysis?

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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: 

Future Market Insights Inc.

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Thermoformed Plastics Market will grow gradually at 5.5% CAGR during the forecast period of 2022-2032

The thermoformed plastics market is expected to observe growth at a CAGR of 5.5% and touch valuation of USD 66.16 bn by 2032, while it holds a revenue of USD 40.86 Bn in 2022.

Thermoformed plastics can be defined as fabricated plastic that is transformed through the rising temperature, making it bendable for reshaping. This pushes the sales of thermoformed plastics.

Medical products like prefilled syringes, pharmaceuticals bottles, medical electronics. These supplies also involve capsules and tablet packing, formally known as blister packaging, increasing the demand for thermoformed plastics.

Application of thermoformed plastics in the construction industry has risen in few last years as it thrives the thermoformed plastic market and it creates flooring, concrete and furniture.

The growing electric and petrol vehicles using hard plastic is also attributed to the thermoformed plastic growth, using it qualities in manufacturing lightweight vehicles.  The use of it in automobiles is set to thrive the demand for thermoformed plastic favoring lightweight vehicles.

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Key Takeaways from Market Study

  • As per the new market research report on thermoformed plastics for the years 2022 to 2032, polypropylene is dominating the product segment and holds more than 21.0% of the share, pushing the overall sales of thermoformed plastics.
  • The thin-gauge thermoformed plastic segment is likely to dominate the process category while holding the sales through the process. It holds a 35% revenue share in the global thermoformed plastics market.
  • Application category has small segments like healthcare & medical, food packaging, electrical & electronics, automotive, construction and consumer goods & appliances, where food packaging segment holds 42% of the global revenue.
  • United States holds the biggest share in thermoformed plastics market, holding the 53.8% share of the global market, attributing to the growing manufacturing and suppliers of thermoformed plastics in the region.

“Thermoformed plastic survey explains that the government initiatives, increasing plastic use coupled with latest advanced technology increasing the sales of thermoformed plastics. The increase in popularity of retail shopping and online shopping has pushed the demand for thermoformed plastic as it is applicable in the packaging of multiple brands.” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of Thermoformed plastics are emphasizing research & development to offer differentiated products with no chemical components. Key players are working together and developing new product lines to enter untapped market places. New market players also bring new processing units that produce better plastic for specific industries, fueling the sales of thermoformed plastics.

  • Greiner packaging GmbH, under its sustainability prospects has launched new thermoformed plastic solutions to cater multiple industries like medical, pharmaceuticals and food. The self-separating cup named K 3 r100 has been in news lately, appreciated for its green future program.
  • Palram Americans ltd has distributed its produced plastic channels into Acrylic, PVC and Polycarbonate that define their own characteristics, applicable to various industries. The It has also expanded its manufacturing units with high demand for thermoformed plastics.
  • Completing more those 55 years in the industry, Brentwood has expanded its business segments including Battery, Building and construction, cooling tower, medical and custom forming. This has pushed the demand for thermoformed plastics.

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Thermoformed plastics Market by Segmentation

By Product:

  • Polymethyl Methacrylate (PMMA)
  • Bio-degradable polymers
  • Polyethylene (PE)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Poly Vinyl Chloride (PVC)
  • High Impact Polystyrene (HIPS)
  • Polystyrene (PS)
  • Polypropylene (PP)

By Connectivity:

  • Plug Assist Forming
  • Thick Gauge Thermoforming
  • Thin Gauge Thermoforming
  • Vacuum Snapback

By Application:

  • Healthcare & Medical
  • Food Packaging
  • Electrical & Electronics
  • Automotive
  • Construction
  • Consumer Goods & Appliances

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.

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Flavour Capsule Cigarette Market Applications with Latest Trends & Forecast 2031

The flavour capsule cigarette market size is expected to surpassed US$ 8963.5 Mn in 2020, as per latest insights by Future Market Insights (FMI). Surge in sales is expected as cigarette consumption continues increasing on a global scale. Against this backdrop, FMI projects positive flavour capsule market demand outlook. Between 2021 and 2031, the market is forecast to rise at a CAGR of 11.6%.

The market exhibited impressive 11.7% year-on-year growth between 2020 and 2021. Growth is anticipated to remain healthy, with the market surpassing US$ 26763.1 Mn in valuation by 2030. Menthol flavour capsule cigarettes will emerge as top-selling product, accounting for over 52.5% of revenue generated in the market through 2031.

A 2016 study followed the link between menthol cigarette use and nicotine dependence in teenagers and discovered that those who smoked menthol cigarettes were more likely to get addicted to nicotine in comparison to those who didn’t.

The results of a cohort analysis using data from the American Legacy Longitudinal Tobacco Use Reduction project showed that starting with menthol cigarettes was linked to progressing to regular smoking, which resulted into frequent purchases from the smoker, boosting market prospects.

While most capsule technologies are used for hybrid (regular-to-menthol) or menthol-to-menthol spheres, exotic goods with regulatory permits, could point to previously unexplored opportunities. Various regulatory bodies and authorities have played a vital role in the growth or limitation of the flavour capsule cigarettes and will remain important for the foreseeable future.

Key Takeaways from the Flavour Capsule Cigarette Market Study

  • Menthol capsule cigarettes hold a substantial market share of more than 55% in 2021 with CAGR of 9.3%, owing to consumer preference on a global scale.
  • Single capsule products represent around 70% of the market in 2021, supported by lower costs and ease of production.
  • Chile is emerging as one of the most attractive markets, accounting for over US$ 814 Mn in 2021.
  • Japan is proving to a lucrative market, accounting for more than 41% of sales in East Asia in 2021.
  • Indonesia reflects high potential for growth, with a CAGR of 15.6% through the end of 2031.

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“Manufacturers operating in the flavour capsule cigarette market are aiming to reduce the health impacts of tobacco by offering consumers a wider choice of new products with a greater variety of flavours. Through this they also intend to increase sales and broaden customer access, which is likely to bolster sales in the market in the foreseeable future,” said a lead analyst at FMI

Flavour Capsule Cigarettes Pose Threat to Smoke-Free Goals

Smoke-free aims are jeopardised by flavoured capsule cigarettes. When these capsules are crushed, they impart a flavour (fruit, menthol or any other flavour) to the cigarette smoke inhaled. This form of cigarette allows users to tailor their smoking experience while reducing the harshness of conventional tobacco smoke.

Non-smokers who are susceptible to nicotine addiction find flavour capsules enticing and are likely make purchases. Tobacco firms have lately made emphasized on efforts to make the globe smoke-free. These statements, however, are at odds with their product advancements, which make smoked tobacco products more enticing to non-smokers.

Who is winning?

Some of the key manufactures of flavour capsule cigarettes are Camel Double, Chesterfield, Craven a Click, Dunhill, Esse, Fortune Tribal, Harmony, Hollywood, Imperial Tobacco (Winston), Insignia, ITC (Gold flake), Kent, L&M, Lucky Strike, Marlboro and Pall Mall.

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Companies are launching a variety of new products in order to attract customers and entice especially younger generations as they are more into trying new flavours to create gate experiences.

For instance, Japan Tobacco Inc. declared in 2018, introduction of two novel products from Winston named “Winston Compact Menthol Purple 5 Box” and “Winston Compact Menthol Purple One Box”.

Get Valuable Insights into Flavour Capsule Cigarette Market

Future Market Insights, in its new report, presents an unbiased analysis of the global flavour capsule cigarette market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study reveals persuasive insights into growth witnessed into the market. Based on flavour, the market is segmented into menthol flavoured, clove flavoured, fruits flavoured and others. Product type are segmented into two sections such as single capsule and double capsule. On the basis of price change, the market can be segmented into economy and premium. Based on distribution channel, the market can be segmented into direct sales and indirect sales.  Regionally, the market study covers North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa (MEA).

Frequently Asked Questions

  • What is flavour capsule cigarette market size?
  • At what rate did the flavour capsule cigarette market expand in the last five years?
  • What are the key trends shaping the flavour capsule cigarette market?
  • What are the key factors driving flavour capsule cigarette market demand?
  • What is the North America flavour capsule cigarette market outlook?
  • Which countries are key producers of flavour capsule cigarettes?
  • What is the cumulative share of top companies in the flavour capsule cigarette market?
  • Which countries are key exporters of flavour capsule cigarettes?
  • Which are the top countries driving demand for flavour capsule cigarettes?
  • What are the key statistics for flavour capsule cigarette market in Japan and South Korea?

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 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: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Plant-based Fish Feed Market is Set for Lucrative Growth During 2022-2032 | Size, Share, Demand And Opportunities Analysis

The plant-based fish feed market is valued at US$ 6.8 Bn in 2021. It is set to grow at 6% CAGR through 2032 at a value of US$ 12.2 Bn.

Fish feeds are pellets or granules that give fish nutrients and help them reach their maximum potential. Soybean, canola oil, lipids from algae sources, and amino acid additions are used to make plant-based fish feed. All of these plant sources are high in protein and are easily digestible. As a result, the market for plant-based fish feed has enormous growth potential.

Cottonseed meal, distillers dried grain with soluble, sunflower meal, canola meal, cornmeal, wheat bran, and rice bran make up the plant-based fish feed market. Fish feed is used for both commercial and domestic purposes. Granules, pellets, powder, and flakes are some of the forms it comes in. The aquafeed industry’s growing desire for organic and natural ingredients could help the plant-based fish feed market develop even faster.

North America, Europe, and East Asia are currently the most important regional markets for vegetable and fish feed producers, and this trend is projected to continue in the coming decade. This tendency, according to the research, is attributed to increased expenditure in R&D efforts in these areas.

In addition to innovation, businesses are pursuing inorganic growth tactics such as mergers and acquisitions to strengthen their market position. Due to the burgeoning middle class and increased disposable income in nations like China, South Korea, Vietnam, and Japan, East Asia has become one of the most profitable marketplaces.

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Key takeaways from market study

  • The aquaculture industry accounts for more than 50% of the global edible seafood supply.
  • The plant-based fish feed market is predicted to be dominated by Latin America and the Middle East and Africa (MEA).
  • In terms of investment in the creation of creative and revolutionary plant-based fish feed, East Asia is at the forefront.
  • Due to features such as omega 3 content, protein content, and enhanced digestibility, plant-based fish and seafood have seen a surge in popularity in recent years.
  • The Vegetable Fish Food Syndicate’s fate is largely determined by modernization and the introduction of novel technology.
  • The enhanced digestibility and excellent protein content of the soybeans and cornmeal have shown significant potential in recent years and have become highly popular.
  • The Asia-Pacific region will show growth in the vegetable fish feed market from 2020 to 2027 due to increased demand for fish oil and fish-based household and commercial products.

“Due to environmental dangers, proliferating demand for fish feed with reduced environmental impact, and developing aquaculture industry with enormous demand for sustainable fish feed, the plant-based fish feed market will see expansive growth potential. Long-term benefits have been demonstrated for plant-based fish feed made from canola oil and soybean. As a result, the market for plant-based fish feed will see potential growth”, says a lead analyst at Future Market Insights.

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Competitive landscape

As demand for plant-based fish feeds is expected to increase over the next decade, existing companies are eagerly awaiting innovation and R&D to establish a strong position in the market. . Several companies around the world are investing heavily in adopting new technologies to find affordable alternatives to fish and shellfish foods to meet the growing demand for seafood. Investment in the development of new plant-based feeds is expected to grow as investors and stakeholders focus on the favorable opportunities and potential of the fish-based market.

Some of the major companies in the market are market Cargill Incorporated., Skretting, Alltech, BioMar Group, Nutreco N.V., Ridley Corporation Limited, ADM, Hanpel Tech Co. LTD, and Adisseo among others.

Get More Valuable Insights

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

By Product Type:

  • Soybean Meal
  • Cottonseed Meal
  • Corn Meal
  • Distillers Dried Grains with Soluble
  • Wheat Bran
  • Rice Bran
  • Other Product Types (Canola Meal, Sunflower Meal, etc.)

By Nature:                                            

  • Organic
  • Conventional

By End-Use Application:

  • Commercial
  • Household

By Form:

  • Pellet
  • Powder
  • Granule
  • Flake

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Stores
    • Specialty Stores
    • Online Retailers
    • Other Sales Channels

By Region:

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

Frequently Asked Questions

  • How much is the Plant Based Fish Feed Market current worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • How are market players reacting to the new developments in the market?
  • How many shares do the top 5 companies hold?

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 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: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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