Market Research Blog

The Cognitive Assessment and Training Market is estimated at US$ 1.4 Bn in 2022 and is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Bn by 2028.

Future Market Insights (FMI) has recently published a report titled “Cognitive Assessment and Training Market – Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028.” Cognitive assessment and training is the mental process of acquiring knowledge and understanding through experience and sense.

Furthermore, these cognitive assessment tools are used to identify individuals who are likely to need additional evaluation. At present, these tests are widely used by organisations as a part of the recruitment process to assess a candidate’s competence & suitability for the role, as well as to predict his/her future performance.

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Cognitive Assessment and Training Market: Overview & Analysis

Owing to these factors, the software sub-segment is also expected to exhibit a 70.2% market share at the end of 2018. In addition, the services segment is also projected to create potential growth opportunities for the vendors of cognitive assessment and training solutions during the forecast period.

Based on type, the global cognitive assessment and training market is segmented into Personal Computer (PC) and mobile & tablet. The mobile & tablet sub-segment is projected to register double-digit growth during the forecast period. This sub-segment registered a 61.8% market share in 2017.

Growth in the income of the middle class population has led to an increase in the purchase of premium smartphones. Hence, the mobile & tablet sub-segment is estimated to generate potential opportunities for the cognitive assessment and training vendors in most of the developed and developing countries.

In recent years, it has been observed that the domestic manufacturing of smartphones has registered double-digit growth in India and China. These factors are also creating the demand for mobile and tablet-based cognitive assessment and training solutions in India and China.

Global and regional healthcare companies are increasingly adopting advanced technologies to sustain in this highly competitive environment. The global healthcare industry is undergoing technological advancements. Due to these factors, the healthcare industry is projected to have a market share of more than 60% in the cognitive assessment and training market at the end of 2018.

On the basis of geography, North America is expected to dominate the global cognitive assessment and training market due to the advent of next-generation technological advancements in the U.S. and Canada. The cognitive assessment and training market has high potential in China owing to major technological advancements in the country. China is now the most connected country in the world.

According to FMI analysis, long-term contracts with business partners help to increase revenue and new innovation strategies will enable cognitive assessment and training vendors to reach new growth markets. Some of the market participants featured in the global cognitive assessment and training market are IBM Corporation, Cambridge Cognition Limited, NeuroCog Trials, ERT Clinical, Brain Resource Company, WIRB-Copernicus Group, CogniFit, CRF Health, Cogstate Limited and Pearson Education.

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Key Segments of Cognitive Assessment and Training Industry Research

Cognitive Assessment and Training Market by Component:

• Cognitive Assessment and Training Software
• Cognitive Assessment and Training Services
• Cognitive Assessment and Training
• Cognitive Assessment and Consulting
• Cognitive Assessment and Training Support & Maintenance

Cognitive Assessment and Training Market by Type:

• Personal Computers (PCs)
• Mobiles & Tablets

Cognitive Assessment and Training Market by End User:

• Cognitive Assessment and Training for Healthcare
• Cognitive Assessment and Training for Research Organizations
• Cognitive Assessment and Training for Education
• Others

Cognitive Assessment and Training Market by Region:

• North America Cognitive Assessment and Training Market
• Latin America Cognitive Assessment and Training Market
• Europe Cognitive Assessment and Training Market
• East Asia Cognitive Assessment and Training 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 6-years.

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The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Automated Testing Software 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 2027.

The team of researchers at Future Business Insights are focusing on research and market study to produce different Automated Testing Software Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Automated Testing Software Market.

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Phthalocyanine Pigments Market: Key Players

Examples of some of the market participants present in the value chain of the global Phthalocyanine pigments market include, Mazda Colours Ltd., Alliance Organics LLP, NIRBHAY Rasayan Pvt Ltd (NRPL), Clariant International, BASF S.A., Yabang Investment Holding Group, DIC Corporation (Sun Chemical), LANXESS AG, RIVERSIDE INDUSTRIES LIMITED, Deep Group of Industries, and others.

Phthalocyanine Pigments Market: Segmentation

The market for Phthalocyanine pigments can be segmented on the basis their application, end-use, and region. Based on applications, the Phthalocyanine pigments market can segments into – plastic, paints and coatings, ink, rubber, textile, leather, soap and detergent, and other industrial.

Based on the end-use industry, the Phthalocyanine pigments market can be segmented into construction (domestic, commercial, industrial, and infrastructure), automotive and aerospace, marine, textile, and equipment and other industrial.

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Queries Solved

• What is the size of the overall Automated Testing Software Market in the Technology Market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities, and challenges of the Automated Testing Software Market in the Technology Market, and how they are expected to impact the market?
• What are the attractive investment opportunities within the Automated Testing Software Market in the Technology Market?
• What is the Automated Testing Software Market in the Technology Market size at the regional and country-level?
• What are the key market players focusing on?
• What are the strategies for growth adopted by the key players in Automated Testing Software Market in the Technology Market?
• What are the recent trends in Automated Testing Software Market in the Technology Market? (M&A, partnerships, new product developments, expansions)?
• What are the challenges to the Automated Testing Software Market in the growth of the Technology Market?
• What are the key market trends impacting the growth of the Automated Testing Software Market in the Technology 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
Unit No: 1602-006
Jumeirah Bay 2
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United Arab Emirates
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According to a recent report by Future Market Insights, a market research and competitive intelligence provider, The global modified starch market is expected to be worth USD 12.6 billion in 2022, rising to USD 21.2 billion by 2032, representing a CAGR of 5.6 percent.

Modified starches are employed in a variety of food products because their functional qualities are far superior to those of native starches. Many physical modification procedures, such as heat-moisture treatment and annealing, cause starch granules to be physically modified without being damaged or gelatinized.

The demand for processed and convenient foods is increasing as the world’s population grows. Modified starch is a crucial and useful element found in ready-to-eat foods and products. With the rise in demand for processed foods, demand for modified starch is likely to rise as well, boosting market growth.

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Key Takeaways from Market Study

• Fast food restaurants make up a substantial portion of the food services industry, and their popularity has grown over time as a result of their focus on competitive and low pricing, along with rising customer demand for convenience foods. Fast food restaurants frequently employ modified starch in their food preparations to enhance the texture, flavour, and taste of their dishes.
• Corn led the modified starch market in terms of raw material. Corn is a staple meal that is popular all across the world due to its role in many countries’ diets. It’s commonly used to thicken soups and other liquid-based meals like sauces, gravies, and custards.
• In the near future, North America and Europe are projected to lead the way in terms of innovation and implementation of new starch modification techniques. Furthermore, constantly changing consumer habits and significant demand for fat-free milk and low-fat dairy products are expected to have a direct impact on the market’s growth prospects in North America and Europe.

“The demand for environmental sustainability across numerous industrial areas is reaching new heights in the current climate. Furthermore, attempts to combat environmental degradation, combined with an increased focus on food security, have prompted researchers working in the modified starch field to lean toward the adoption of new modification techniques in order to ensure the food sector’s long-term viability.” says a Future Market Insights analyst.

Competitive Landscape

The global modified starch market is characterized by a reasonably consolidated competitive environment, with the majority of significant competitors maintaining a strategic focus on the creation of strong distribution partnerships and joint ventures in order to establish a stronger global presence.

Leading modified starch manufacturers are focusing on R&D and new product releases to meet the growing demand for natural ingredients in Asia, the Pacific, the Middle East, and Africa.

• For example, Cargill spent USD 200 million on its Krefeld, Germany, facility in 2019. The money was put in to convert the corn-processing plant to wheat-processing. This move will allow the company to respond to shifting market conditions and increased demand for industrial starches in the packaging industry.
• Archer Daniels Midland Company (ADM) and General Starch Limited (GSL) formed cooperation in 2019. GSL is a major producer of tapioca starch based in Thailand. ADM will have exclusive distribution rights for GSL modified tapioca starch in the majority of Europe, the Middle East, and Africa as a result of this strategic relationship.

Some of the leading companies offering modified starch are Cargill, Archer Daniels Midland Company, Roquette Frères Company, Ingredion Incorporated, Tate & Lyle PLC, The Agrana Group, Emsland Group, The cooperative Avebe U.A, Global, Pars Khoosheh Pardaz Co., Samyang Corporation, SMS Corporation Co., Ltd., SPAC Starch Products (India) Ltd, Tongaat Hulett Starch, Zarand Agro Industry Co., and Euroduna Food Ingredients GmbH.

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Get More Valuable Insights

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

By Source:

• Maize/ Corn
• Wheat
• Potato
• Tapioca
• Rice

By Product Type:

• Acetylated Starch
• Physically Modified Starch
• Enzyme Modified Starch
  • Anionic Starch
  • Cationic Starch
  • Dextrin
  • Oxidized Starch
  • Thinned Starch
  • Pre-Gelatinized Starch
  • Others

By Application:

• Food and Beverage
  • Bakery Products
  • Dairy Products
  • Meat & Poultry
  • Convenience Food
  • Others
• Animal Feed
• Cosmetic and Personal Care
• Papermaking
• Textile
• Pharmaceuticals
• Others

By Region:

• North America
• Latin America
• Europe
• APAC
• MEA

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

About FMI

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

Contact:

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Increasing demand for resveratrol in dietary supplement, pharmaceuticals and cosmetics industries is driving the resveratrol market. In a new study, Future Market Insights (FMI) has forecast the market to reach US$102.0 Mn in 2021. The rising demand for ingredients derived from natural resources will continue driving the market.

Increasing focus of consumers on ingredients containing antioxidants and countless physiological benefitsis estimated to bode well for the market. Focus on organic ingredients will continue rising in response to the increasing incidence of various chronic ailments.

With rise in health issues such as blood pressure, obesity and diabetes, consumers are showing greater inclination towards maintaining a healthy lifestyle. Resveratrolhas proven anti-ageing benefits and is found to be beneficial for preventing cardiovascular diseases. Raw resveratrol is used by manufactures to increase the nutritional composition of their products and because it is easier to handle and has a longer shelf life.

These factors have resulted in increasing use of the ingredient in dietary supplements, which accounts for nearly 46% of sales in the market.

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Key Takeaways from Resveratrol Market Study

Rising demands for natural ingredients from diverse industries will enable growth in the resveratrol market at 8.4% CAGR between 2021 and 2031 Rising adoption of a healthy lifestyle among consumers, will enable the U.S. account for nearly 85% of the North America market Expansion of the dietary supplements sector will enable the U.K. market register 5.5% y-o-y growth in 2021 Germany and France will exhibit high demand for resveratrol on account of increasing application in pharmaceutical and other industries Increasing grape cultivation in China will seal its dominance in East Asia, since grapes are key sources of deriving resveratrol

“Manufacturers operating in the market are focusing on gaining consumer trust. As a result there is higher focus on research and development initiatives. Besides this, they are likely to adopt expansion strategies to gain competitive edge in the coming years”, says FMI analyst.

Europe and North America has been the key markets for resveratrol. Asia pacific is also exhibiting increasing consumption. Three types of resveratrol products include fermentation, synthetic and plant extract. Plant extract are very popular among consumers but synthetic is gaining popularity in manufacturing industries. Key application of the ingredient include cosmetic, food and beverage and dietary supplement. Manufacturing are engaged in improving technology as resveratrol market has remarkable scope for expansion in the future.

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Who is winning?

Some of the key players operating in the Resveratrolmarket are, DSM Nutritionals, Evolva, Endurance Product Company, Great Forest Biomedical, Laurus Labs Limited, JF-NATURAL, MAYPRO Industries, Sabinsa Corporation, Resvitale LLC and Shanghai Natural Bio-engineering Co., Ltd.and other players.

The key players in the market are focusing on new launches, enhancing supply chain technology, acquisitions, and labeling. For instance:

In 2017 – Evolva signed distribution agreements for its Veri-teTM resveratrol in Europe with BREKO and Natural Company. In 2016-Sabinsa human clinical study conducted by university of Georgia department of kinesiology in Athens, Georgia found that Resveratrol fortified with sabinsa’sbioprine increase mitochondrial function. 2020 – Evola collaborated with University of Newcastle Australia and won award for resveratrol which have been published in early September, reporting the significant health outcomes for postmenopausal women on quality of life. In 2017 – Evolva launched Veri-teTM, a brand for high-purity, sustainably produced resveratrol.

Get Valuable Insights into Resveratrol Market

Future Market Insights, in its new report, presents an unbiased analysis of the global resveratrol market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into growth witnessed in the market. Based on end use, Resveratrolmarket is categorised intoform, product type, Isomer, end users and regions. In terms of Product Type, has been classified into Extract (plant-based), Fermentation (yeast-based) and synthetic (chemical synthesis).In terms of Form it has being classified into solid (powder) and liquid. In terms of Isomer it has being classified into Trans-resveratrol and Ciz-resveratrol. And in terms of end use it has been classified into cosmetics, personal care, dietary supplements, pharmaceuticals and others. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

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Key Questions Answered in the Resveratrol Report

Which is the Most Lucrative Market for Resveratrol?

Europe is currently leading the global market for resveratrol.

Which the Top-selling ResveratrolType?

Extract (plant-based) resveratrol is expected to remain the top-selling type in the resveratrol market.

How Is Resveratrol Made And From Where Is It Extracted?

Resveratrol is a phytoalexin, a class of compounds produced by many plants when they are infected by pathogens or physically harmed by cutting, crushing, or ultraviolet radiation. Plants that synthesize resveratrol include knotweeds, pine trees including Scots pine and Eastern white pine, grape vines, peanut plants, cocoa bushes, and Vaccinium shrubs that produce berries, including blueberries, raspberries, mulberries, cranberries, and bilberries.

Which are some of the leading companies operating inResveratrol market?

Some of the leading companies operating inResveratrol market are DSM Nutritionals, Evolva, Endurance Product Company, Great Forest Biomedical, Laurus Labs Limited, JF-NATURAL, MAYPRO Industries, Sabinsa Corporation, Resvitale LLC and Shanghai Natural Bio-engineering Co., Ltd.

Who is the Leading End User ofResveratrol?

The application of the resveratrolis considerably high in dietary supplements. The demand from pharmaceutical sector also is expected to rise in the near future.

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

About FMI

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

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The global demand for vanilla beans has risen steadily in 2020, despite the threat of the coronavirus, and long-term prospects of the industry are also reflecting an upward trajectory until 2030, according to a recent report published by Future Market Insights. The study states that the sector will find lucrative growth opportunities as functional food ingredients through the coronavirus crisis.

FMI analysts have indicated that liquid vanilla bean extracts from conventionally grown sources will remain high in demand not only in the food and beverage industry, but also in cosmetics, personal care, and pharmaceutical sector applications. The high costs of organic and all-natural product options restrain sales.

The industry has reflected steady growth in the past few years on account of sustainability initiatives, and the large gap between demand and supply. Also, certifications such as kosher, halal, non-GMO, organic, and allergen free, are gaining importance, with changes in consumer bias towards consumption behavior, which will aid growth in the long term.

While sales from online stores are taking advantage of the pandemic, price fluctuations, competition from synthetic vanilla products, and ethical concerns associated with the cultivation of vanilla beans are challenging players in the industry.

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The report by FMI offers an exhaustive overview, covering critical market dynamics. Some of the major takeaways from the study include:

Market is valued at 1.1 billion in 2020, with demand falling slightly during the coronavirus outbreak. Conventionally grown vanilla beans remain highly sought after owing to cost benefits, far surpassing organic options. Liquid vanilla bean extracts witness higher demand than whole beans or powdered and paste extracts on the back of demand from the food processing industry. Sales in the Europe remains key to market growth, owing to high demand in food and cosmetic applications. However, East Asia is displaying lucrative growth opportunities for market players with local cultivation efforts taking root.

“Demand for vanilla beans strongly exceeds supplies. Consequently, market players are investing in initiatives in key vanilla growing regions such as Madagascar, and Uganda, to help farmers increase production, and stimulating economic growth in these regions,” said a lead analyst at FMI.

Covid-19 Impact on Vanilla Bean Market

Following the advent of the coronavirus crisis, the vanilla bean industry has faced increased challenges. The closure of food service businesses and small stores in many parts of the world in compliance with lockdown measures has hurt demand.

On the other hand, online stores have been leveraging the crisis for higher sales than usual. However, these increases will not compensate completely for offline retail losses. New harvests from countries such as Madagascar are expected to enter the market by late 2020, which will aid global prospects.

However, supply chain issues remain crucial to market developments during the outbreak, owing to delayed shipments. Also, transmission of virus among the workforce used for vanilla cultivation also remains a concern.

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Who is Winning?

In the study, FMI has studied numerous business strategies being employed by major companies participating in the vanilla bean market. Leading market players are focusing on capacity expansion for the cultivation and processing of vanilla beans. Also, collaborations for geographic expansion and stronger distribution networks gain importance.

Some of the key players in the market include Tharakan and Company, Daintree Vanilla and Spices, Neilsen-Massey Vanillas Inc., Farooqi Vanilla Beans, Venui Vanilla, Varanasi Research Foundation, Vanilla India Producer Company Ltd., Vanam Orchids, Eurovanille, Heilala Vanilla Ltd., and Symrise AG among others.

More Insights

In a new report, Future Market Insights, has provided a detailed analysis of the global vanilla bean market, covering data on historic demand and forecast statistics for the years between 2020 and 2030. The market study also provides detailed assessment of product pricing through varying market dynamics, life cycle analysis and new technologies that find roles in the production of vanilla beans and adoption in different demographics.

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Key Questions Answered by the Report

What is the size of the vanilla bean market?

The global vanilla bean market reached a valuation of US$ 1.1 billion in 2020. The market is estimated to rise at a 4.1% CAGR between 2020 and 2030.

Which is the largest market for vanilla bean?

Europe is currently is the leading market for vanilla beans. Extensive application of vanilla bean in food and cosmetics production in the region contribute to market growth.

Which are the top companies in vanilla bean market?

Some of the leading companies operating in the market are Tharkan and Company, Daintree Vanilla and Spices, Neilsen-Massey Vanillas Inc., Farooqi Vanilla Beans, Venui Vanilla, and Varanashi Research Foundation.

What are the applications of vanilla bean?

Vanilla beans are primarily used in the food and beverages sector for a wide range of cuisines. Vanilla beans are also increasingly being used by cosmetics and personal care product manufacturers, and in niche pharmaceutical formulations.

In what types are vanilla bean available?

Vanilla beans are found in five major types based on the region of origin. These include Madagascar, Indonesia, Mexican, Tahitian, and Ugandan. Of these, Madagascar vanilla beans are witnessing high demand and are projected to account for approximately 40% of the overall market share by 2030.

What is the outlook on vanilla bean market?

Vanilla bean producers are leveraging the changing consumer bias towards natural and organic food and cosmetics ingredients, with the growing awareness about health risks coming out of synthetic alternatives.

Will South Asia exhibit higher demand?

Countries in South Asia are displaying lucrative opportunities for growth, which can be attributed to the demand for chemical-free foods among consumers in the region and growth of western influences in cuisine.

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

About FMI

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

Contact:

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

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In terms of revenue during the forecast years, the global foaming creamer market is projected to expand at a CAGR of around 3.6%.

While the coffee market has seen substantial growth in the recent past, coffee additives such as foaming creamers have also been witnessing significant consumption. According to a new intelligence outlook presented by Future Market Insights, the global demand for foaming creamers is anticipated to experience moderate growth over coming years – prominently driven by the expanding coffee market. Especially in Europe and the US.

Foaming creamers are also available for instant beverages, and these can be used for beverage mixes too. The other type of foaming creamer is the cold water soluble foaming creamer that is predominantly used in the foodservice industry.

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Gourmet Coffee Remains a Primary Push Factor 

Around 59% people based in the US prefer to consume gourmet coffee, daily, as indicated by the US National Coffee Association. Similarly, the liking for gourmet coffee is increasing in other regions as well – subsequently elevating the incorporation of foaming creamer in coffee mixes.

As gourmet coffee prominently trends the millennial population, visibly rising millennial preference for café-style foamed coffee is providing a push to foaming creamer demand. Moreover, growing product innovation in the instant beverages/drinks category, coupled with widespread availability of instant or ready-to-drink (RTD) beverage mixes is likely to pave the way for parallel growth in foaming creamer sales.

Non-dairy Foaming Creamer to Emerge Lucrative, Riding on the Price Benefit

In the backdrop of volatile milk prices post 2016, dairy products manufacturers have been facing the challenges posed by reduced pricing.  On the flipside, manufacturers of non-dairy based products continue to capitalize on the relatively stable pricing scenario owing to the stability of the raw material prices. With an expanding consumer population turning to non-dairy, vegan products, it is more likely that non-dairy foaming creamer would discover an improved scope of sales in coming years.

Increasing awareness about the potential health benefits of a vegan lifestyle and the availability of a wide range of dairy alternatives/non-dairy products suitable for the same, will reportedly assist the demand for non-dairy foaming creamer over its dairy-based counterpart. A number of manufacturers of dairy-free foaming creamers are thus likely to strategize on the raw material experimentation.

While both dairy and non-dairy foaming creamers are extensively consumed in commercial applications for preparation of instant beverage mixes, such as coffee-based mixes, milk tea mixes, and cocoa-based mixes, the report also points to surging usage of foaming creamers in dietary supplements such as protein shake powders.

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Global Foaming Creamer Market: Segmentation

Analysis by Base

• Dairy
• Non-Dairy

Analysis by End Use

• Beverage Mixes
  • Coffee-based Mixes
  • Milk Tea Mixes
  • Cocoa-based Mixes
• HoReCa/Foodservice
• Dietary Supplements

Analysis by Function

• Instant
• Cold Water Soluble

Analysis by Region

• North America
• Latin America
• Europe
• Asia Pacific
• ASEAN (Association of South East Asian Nations)
• China
• Middle East & Africa

HoReCa & Food Processing Sectors Contribute Significantly to Market Growth

Steadily increasing cold water-soluble foaming creamer consumption by the foodservice sector is identified to be another strong factor contributing to the growth of foaming creamer marker. The analyst explains, “A majority of operators in food processing and foodservice sectors are adopting foaming creamers in sizeable volumes in an effort to eliminate the need for additional manual labor, or foaming equipment, or machinery – saving on the overall production costs. Foodservice or HoReCa sector and food processing entities are thus playing a vital role in supporting the revenue growth of foaming creamer landscape”.

As revealed by the competition tracking, major manufacturers of foaming creamers are projected to invest strategic efforts in penetration into the Southeast Asian region that traditionally has been a tea consuming territory and is gradually developing a preference for foamed coffee. Middle Eastern and Asian countries are also positioned as attractive investment pockets for foaming creamer manufacturers, according to the report.

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Significant Contributions of the Report

• Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
• Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
• Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
• Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
• Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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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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The global hybrid rice seeds market is estimated at USD 2.5 Bn in 2022 and is projected to reach USD 5.6 Bn by 2032, at a CAGR of 8.4% from 2022 to 2032.

Hybrid rice seed varieties are the first filial generation of two distinct parent seeds. These hybrid rice seeds demonstrate superior productivity, raising yields above the high yielding varieties of the original Green Revolution. Hybrid rice seeds fit well for a New Green Revolution, which are a must for meeting the rapidly increasing need of the growing population.

The quality of seeds largely affects the efficiency of the added fertilizers, pesticides, and other agricultural inputs. Hence, to enhance productivity, quality seeds with appropriate properties are needed to develop and be made available to farmers.

Hybrid rice seeds are getting widely acknowledged for their enhanced productivity. Yet, at present, the hybrid rice seeds technology is limited to India, Vietnam, the Philippines, and the U.S., while China is cultivating around half of its rice with hybrid rice seeds. Major limitations are generally due to the hybrid rice seed technology being laborious and intensive, besides the high cost of the seeds. Still, hybrid rice cultivation tops other hybrid crops. FMI predicts that the global market for hybrid rice seeds is expected to grow at a rate of 7.5% in terms of revenue during the forecast years.

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Hybrid Rice Seeds Scenario in Developing Countries at a Glance

The hybrid rice seeds market growth in developing countries is varying from moderate to stagnant, owing to the lack of trained human resources, lack of sufficient water, and unfavorable climatic conditions. Rice producing Asian countries, apart from China, which include India, Indonesia, Bangladesh, the Philippines, Vietnam, Myanmar, and Pakistan, together have 4.5 million hectares of land under hybrid rice seed cultivation.

The area contributes to a small percentage in each country. The U.N. FAO’s regional office in this region has developed a strategy in collaboration with these countries to move toward sustainable food security in Asia. In African countries such as Liberia, Mozambique, Nigeria, Uganda, Madagascar, and Tanzania, cultivation with hybrid rice seeds started in the early 2000s.

The Green Super Rice (GSR) project, which was introduced in some countries in the African continent cultivating hybrid rice seeds, developed in Asia, coordinated by the Chinese Academy Agricultural Sciences, the International Rice Research Institute (IRRI) and Africa Rice, during 2009-2011, succeeded from the yield perspective. However, these hybrid rice seeds are not practical for commercial rice production, since they are susceptible to African diseases.

Developing hybrid rice seeds that have better resistance to these diseases as well as high yield potential will be more beneficial. On the other hand, Egypt has succeeded in producing a local hybrid rice seed variety on a commercial scale through a rice breeding program. With strategic programs and support from the private sector, governments, and leading companies, hybrid rice development in Asia and Africa has a great potential to achieve a breakthrough in the technology related to hybrid rice seeds.

Self-Cloning Hybrid Rice – a Milestone in Hybrid Rice Seeds Technology

Hybrid rice seeds are a product of the hybridization of two good parent rice varieties, which are engineered with desirable traits such as higher yield. Such hybrid rice seeds do not pass the same genetic information to the next generation of seeds. Hence, if farmers need to achieve the same yield the next time, buying new hybrid rice seeds is a must. However, a recent study conducted at the laboratory level shows the possibility of preserving genetic information through the self-cloning of hybrid rice seeds. On December 12, 2018, it was reported that, hybrid rice seeds engineered with CRISPR, a gene-editing tool, can produce such a rice plant that can clone their seeds. Successful commercial production of such hybrid rice seeds can lead to a marvelous improvement in hybrid rice seed technology and overall crop development.

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Global Hybrid Rice Seeds Market by Category

By Grain Size :

• Long Grains
• Medium-sized Grains
• Short Grains

By Durability :

• Up to 110 Days
• 111 to 140 Days
• 140+ Days

By Region :

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

Frequently Asked Questions

• What is the hybrid rice seeds market performing?
• At what rate is the global hybrid rice seeds market expected to grow?
• How was the hybrid rice seeds market performing in the last few years?
• How are market players reacting to the new developments in the hybrid rice seeds market?
• How much share does the top 10 companies in the hybrid rice seeds market hold?
• Which are the major countries driving demand for hybrid rice seeds?

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About FMI

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

Contact:

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

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