Market Research Blog – Page 1208 – New Product Development

Cane Sugar Market to Grow at 3.4% CAGR, Expected to Hit USD 86.0 Billion by 2034

The global cane sugar market is projected to grow significantly, with its size estimated at USD 61,318 million in 2024, rising to USD 86,011 million by 2034, driven by a CAGR of 3.4%. Key factors behind this growth include the widespread use of cane sugar in households, especially for cooking, and strong demand from the bakery and confectionery sector. As global consumer palates expand, sugar consumption, particularly for desserts and sweet treats, remains strong, further driving demand for cane sugar.

Industry Insights:

Bakery & Confectionery Sector: A key driver of sugar demand as consumers continue to indulge in sweet delicacies.
E-commerce Influence: While not a game-changer for sugar sales, online platforms are improving accessibility to specialty sugars like brown and organic varieties.
Organic Trends: The demand for organic cane sugar is rising, driven by consumer preferences for less processed products.

Key Market Challenges:

Health Trends: Increasing concerns over the health impact of sugar, including its role in obesity, are pushing some consumers toward alternatives such as honey, maple syrup, and jaggery.
Raw Material Volatility: Fluctuations in sugarcane prices, especially in major producing countries like India, pose challenges for manufacturers.

Technological Innovations:

Automation: Sugar manufacturers are adopting automation and high-tech solutions to streamline production, reduce labor costs, and ensure better quality. Automation also supports environmental goals by cutting waste and improving energy efficiency.
Academic Collaboration: Companies are collaborating with academic institutions to increase transparency in the production process and address consumer concerns about sugar’s environmental and health impacts.

Competition Outlook

The competitive landscape of the product is highly fragmented in nature, with no single company or set of companies being dominant in the industry. Thus, the barriers to entry are low, and small-scale enterprises are thriving.

Key players are primarily focusing on increasing their production capacities to meet growing end user demand. Similarly, strategies like mergers, facility expansions, partnerships, and acquisitions are becoming prevalent in the sector.

Industry Updates

In January 2023, Wholesome Brand of Whole Earth Brands, Inc. launched Regenerated Organic Certified sugars.
In January 2024, the government in India notified that 8,606 tonnes of raw cane sugar were to be supplied from India to the United States.

Leading Cane Sugar Brands

Cosan SA
E.I.D.-Parry (India) Limited
American Crystal Sugar Company
Raizen S.A.
Louis Dreyfus Company B.V.
Associated British Foods Plc.
Tereos International Limited
Tongaat Hulett Sugar South Africa Limited
Shree Renuka Sugars Limited
Global Organics Limited
Do-It Ingredient BV
Wilmar Sugar Australia Limited
Tate & Lyle plc
ASR Group International, Inc.

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Key Segments of Market Report

By Product Type:

Based on the product type, the cane sugar market is divided into liquid sugar, powdered sugar, granulated textured sugar, granulated flavored sugar, granulated colored sugar, pulp, and others.

By Nature:

Based on nature, the industry is bifurcated into organic and conventional.

By Application:

Cane sugar is mostly used for applications like dairy, bakery, confectionery, beverage, canned and frozen foods, pharmaceuticals, and other food items.

By Region:

The sector has been analyzed with the following regions covered: North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Organic Yeast Market to Experience a 10.1% CAGR, Reaching USD 901.2 Million by 2034

The global organic yeast market is witnessing substantial growth, driven by rising consumer demand for organic and health-focused products. According to recent market analysis, the organic yeast industry is projected to grow from USD 345.7 million in 2024 to an impressive USD 901.2 million by 2034, reflecting a compound annual growth rate (CAGR) of 10.1% over the forecast period. This growth is being fueled by increasing awareness of the benefits of organic food, a move toward clean-label products, and the need to replace monosodium glutamate (MSG) in food items.

Key Growth Drivers

Growing Demand for Organic Food Products: As consumers become more health-conscious and seek natural alternatives, the demand for organic food products continues to surge. The United States leads the global consumption of organic foods, followed closely by Europe. This trend is expected to drive up the demand for organic yeast as an essential ingredient in food and beverage products.
Product Innovation: Leading companies like Lallemand are spearheading innovation by developing improved strains of organic yeast. These innovations cater to consumer demand for healthier, high-quality food options, ranging from gluten-free bread to vegan alternatives and artisanal foods.
Wide Application Range: Organic yeast plays a pivotal role across several industries, including food, beverages, animal feed, dietary supplements, and even personal care. Its use in producing bread, alcoholic beverages, and ready-to-eat products ensures its growing popularity. Additionally, nutritional yeast, a variant used primarily by vegans, has become a staple for its ability to mimic cheese flavors and thicken sauces while offering health benefits.

Global Industry Outlook (2024-2034)

The organic yeast market is set to experience robust growth across various sectors. In the food and beverage industry, organic yeast is a key ingredient in bakery and alcoholic beverages, where it enhances flavor, texture, and fermentation processes. Moreover, rising awareness about organic, clean-label products is opening up new avenues for growth in developing markets such as India and China, where organic yeast is gaining popularity.

Market Concentration & Competitive Landscape

The global organic yeast market is dominated by Tier 1 companies, which hold a significant 50% to 60% market share. These key players include Leiber GmbH, Angel Yeast Co Ltd, White Labs Copenhagen, and Lallemand, Inc. Tier 2 companies, although smaller, contribute 20% to 25% of the market and are primarily regional players with a strong local presence. Leading brands in this market offer a diverse range of organic yeast products, meeting the needs of consumers looking for gluten-free and vegan-friendly alternatives.

Regional Insights

The U.S. is expected to maintain its dominance in the organic yeast market, with a projected valuation of USD 296.5 million by 2034. The country has witnessed a surge in artisanal baking and home cooking, driving the demand for high-quality organic yeast in both retail and online markets. Regulatory programs like the National Organic Program (NOP) have further boosted consumer trust in organic yeast products.
Both nations are experiencing a rapid expansion in their organic food sectors. With increasing awareness of food quality and safety, the demand for organic yeast is expected to surge in these regions. Government initiatives and expanding retail infrastructures are making organic products more accessible to a broader consumer base.

Product and Channel Insights

Baker’s Yeast: Baker’s yeast is expected to hold a significant market share, accounting for 24.6% by 2024. Its widespread use in bread-making and baking applications ensures consistent demand, thanks to its role as a leavening agent in creating light and fluffy baked goods.
Direct Sales Channels: Direct sales are anticipated to dominate the market, representing a value share of 34.8% by 2024. This sales channel enables manufacturers to build strong customer relationships, offering competitive pricing strategies while maintaining higher profit margins.

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Competition Outlook

The industry for organic yeast is defined by strong competition, with leading players engaging in elevated competition. As consumers become more conscious of the advantages of organic products and the role that yeast plays in a variety of applications, competition increases through product differentiation, innovation, and strategic alliances.

Prominent producers of organic yeast, in addition to food and beverage corporations, engage in competitive sector dominance by utilizing assertive marketing tactics, broadening their range of products, and exploring new regions.

Companies invest a significant amount of funds in R&D, with the goal of identifying more beneficial yeast varieties, perfecting formulation techniques, and developing customized products that cater to certain nutritional needs. In addition, as businesses look to expand their product lines and market penetration, alliances and acquisitions play a crucial role in determining the competitive dynamics of the organic yeast industry.

Leading Organic Yeast Brands

LeiberGmbh
Angel Yeast Co Ltd
White Labs Copenhagen
Biorigin
Lallemand
Ohly
Biospringer
Imperial Yeast
Rapunzel Naturkost

Key Segments of Industry Report

By Product Type:

Product type segment includes different yeast varieties such as yeast autolysate, bakers yeast, torula yeast, brewer’s yeast, nutritional yeast, inactive dried yeast, and others

By Sales Channel:

The sales channel segment includes direct sales/B2B sales and indirect sales/B2C sales which is further segmented into store based retailing, and online retailing

By Region:

Industry analysis has been carried out in key countries of the regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

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Dairy Testing Services Market to Reach USD 10,132.6 Million by 2034 Driven by Rising Food Safety Concerns and Technological Advancements

The global dairy testing services market is projected to grow at a robust CAGR of 8.1% over the forecast period from 2024 to 2034. By 2034, the market is expected to reach a valuation of USD 10,132.6 million, up from an estimated USD 4,643.7 million in 2024. The growth is primarily driven by increasing incidences of foodborne illnesses, a surge in per capita dairy consumption, and rapid technological advancements in testing services.

Key Growth Drivers:

Growing Concerns About Food Safety:
Food safety concerns continue to dominate the global agenda, with rising incidences of foodborne illnesses impacting millions worldwide. According to the CDC, one in ten people in the U.S. suffer from foodborne illnesses annually, making stringent dairy testing crucial. Additionally, the World Health Organization (WHO) reports 125,000 child deaths annually from contaminated food, underscoring the importance of safety measures.
Technological Advancements:
New technologies such as blockchain, next-generation spectroscopy, and genomic analysis are revolutionizing dairy testing. Blockchain ensures transparency and traceability, allowing consumers to verify the quality and origin of their dairy products. Spectroscopy enhances precision in contaminant detection, while genomic analysis supports dairy herd quality by improving milk production and disease resistance.
Increased Dairy Consumption in Developing Markets:
As economies in Asia-Pacific and Latin America continue to grow, there is a rising demand for dairy products, especially in countries like India and China. With growing awareness of the nutritional benefits of dairy, per capita consumption has been on the rise, contributing significantly to the demand for dairy testing services.
Regulatory Stringency:
Governments and regulatory bodies are tightening food safety standards across the globe. This has spurred dairy producers and processors to enhance their testing protocols, leading to increased demand for comprehensive pathogen and nutritional testing services.

Industry Trends:

Rise in Probiotic Dairy Products:
Health-conscious consumers are driving demand for new product categories such as probiotic dairy beverages. Amul’s launch of Probiotic Lassi and Curd highlights this shift. Probiotic products provide additional health benefits such as improved digestion and immune support, adding further impetus to the demand for testing services.
Market Concentration:
Established global players such as Eurofins, Intertek Group plc, and TUV SUD AG hold a dominant position in the market, accounting for 45-50% of the global share. However, local and regional players maintain strongholds in developing markets, leveraging their understanding of regional nuances and needs.

Future Outlook:

The dairy testing services market is poised for accelerated growth due to increased per capita dairy consumption, technological advancements, and growing awareness of food safety. As dairy producers adopt more stringent testing practices, consumers can expect higher safety standards and better nutritional transparency in the years to come.

Key Players in the Market:

Eurofins
Intertek Group plc
TUV SUD AG

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Competition Outlook

The industry for dairy testing services is defined by strong competition, with leading players engaging in elevated competition. As consumers become more conscious of the advantages of clean label products, competition increases through product differentiation, innovation, and strategic alliances.

Prominent dairy testing services providers, in addition to food and beverage corporations, engage in competitive sector dominance by utilizing assertive marketing tactics, broadening their range of products, and exploring new regions.

Leading Dairy Testing Services Providers

Intertek Group plc
Eurofins Scientific S.E.
SGS SA
Bureau Veritas SA
TÜV SÜD AG
Romer Labs Division Holding GmbH (DSM)
Merieux NutriSciences Corporation (INSTITUT MÉRIEUX)
Neogen Corporation

Key Segments of Industry Report

By Testing Type:

Testing Type segment includes different tests such as pathogen testing, pesticides, mycotoxins, adulterants, GMO’s, quality, and others

By Technology Type:

The technology segment includes traditional and rapid testing which is further segmented into Immunoassay, Chematography and Spectrometry

By Product Type:

The product type segment includes raw milk, pasteurized milk, infant formula, milk powder, fermented milk, and others (cream, deeps, dressings)

By Region:

Industry analysis has been carried out in key countries of the regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

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Global Ibuprofen API Market Set for Robust Growth, Forecasts to Reach USD 851 Million by 2034

Future Market Insights (FMI) has published its latest report highlighting robust growth in the global ibuprofen API market. Valued at USD 665 million in 2024, the market is projected to surge to USD 851 million by 2034, reflecting a steady compound annual growth rate (CAGR) of 2.5% during the forecast period.

Ibuprofen, a cornerstone of global healthcare, is renowned for its efficacy as a non-steroidal anti-inflammatory drug (NSAID), playing a vital role in the treatment of conditions such as dysmenorrhea, which affects approximately 1.8 billion individuals worldwide. The active components of ibuprofen, including analgesics, antipyretics, and anti-inflammatories, are essential in alleviating pain, reducing fever, and mitigating inflammation by inhibiting prostaglandin production.

The anticipated surge in demand for ibuprofen APIs can be largely attributed to the rapid growth of pharmaceutical and biopharmaceutical industries, particularly in emerging economies. Additionally, the global increase in the elderly population is further fueling the need for advanced therapeutic solutions, thereby driving market expansion.

“The growth of the ibuprofen API market underscores its critical role in global healthcare strategies,” said an analyst from Future Market Insights. “Pharmaceutical and biopharmaceutical companies are investing heavily in research and development to address challenges such as gastrointestinal bleeding and renal damage. Furthermore, the shift towards environmentally friendly synthetic ibuprofen APIs is poised to boost demand, despite the challenges posed by environmental regulations.”

As the global healthcare landscape continues to evolve, the ibuprofen API market remains at the forefront, addressing the pressing needs of patients and healthcare providers alike. The comprehensive report by FMI provides stakeholders with valuable insights into the market dynamics, emerging trends, and strategic opportunities within this essential sector.

Key Market Insights:

The Ibuprofen API industry in Canada is expected to experience a CAGR of 2.0% through 2034.
The Germany market is estimated to demonstrate a CAGR of 2.7% by 2034.
The industry in Italy is anticipated to grow at a CAGR of 3.3% from 2024 to 2034.
Spain’s Ibuprofen API sector is projected to showcase a CAGR of 3.7% through 2034.
France’s market is anticipated to display a CAGR of 3.0% by 2034.

Unveil the Ibuprofen API Surge: Read Our Detailed Report for Essential Trends and Insights!

Competitive Landscape:

The competitive landscape of the ibuprofen API market is characterized by strategic collaborations between pharmaceutical ingredient suppliers and Contract Manufacturing Organizations (CMOs). These partnerships aim to enhance raw material availability and optimize production processes, yielding financial and temporal benefits. The pharmaceutical API industry is also witnessing a surge in mergers and acquisitions, aimed at global market expansion, pipeline development, and therapeutics.

These strategies are essential for boosting productivity in product development, reducing costs, and achieving economies of scale. Additionally, they help increase market share and attract new clients, making them vital for long-term success in the ibuprofen API market.

Recent Market Development:

In December 2020, BioSyent Pharma Inc. launched the first fixed-dose combination of acetaminophen and ibuprofen in a single tablet for short-term pain relief and fever control in Canada. This development represents a significant advancement in the market, offering new options for patients and healthcare providers.

Key Players:

BASF SE
BIOCAUSE Inc.
IOL Chemicals And Pharmaceuticals Limited
SI Group, Inc.
Sino-US Zibo Xinhua-Perrigo Pharmaceutical Co., Ltd.
Solara Active Pharma Sciences Limited
Granules India Limited

Market Segmentation:

By End User:

Contract Manufacturing Organizations
Pharmaceutical Companies

By Region:

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

About Future Market Insights (FMI)

Contact Us:

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
Website: https://www.futuremarketinsights.com
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Global All Flash Array Market to be Worth USD 85,990 Million by 2032: Future Market Insights, Inc.

The global all flash array market is projected to reach USD 20,545 million in 2022 and USD 85,990 Million in 2032, increasing at a CAGR of 15.4% The all flash array market is known to provide advanced data management services that are beyond the scope of spinning media. They consume less power and produce less heat. Thus, they do not need as much cooling as standard hard disk drives.

Therefore, the need for air conditioning in data centers is reduced. All-flash arrays come incorporated with all the advanced features that an enterprise might need. Some of these features include replication, snapshots, and data reduplication. All Flash arrays are more expensive than spinning disks, but the development of multi-level cell flash has lowered the price of solid-state drives.

Multi-level cell flash is slower and less durable than single-level cell flash, but companies have developed software that improves its wear levels to the point where multi-level cell is acceptable for enterprise applications. Single-level cell flash still remains the choice for applications with the highest input/output requirements, however.

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All Flash Array Market: Drivers and Challenges:

Few of the all flash array market drivers are that they are easy to manage, hence there are no restrictions on the way logical volumes are created. All flash arrays are physically smaller in size, and thus the overall rack count is smaller.

In addition to this, all flash arrays are easy to install and maintain, which reduces the maintenance cost for the enterprise. Also, all flash arrays transfer data at a much faster rate in comparison to other hard disk drives; which is another major driving factor of all flash array market.

One of the challenges faced by the all flash array market is that during an unexpected drive failure, it would become more difficult to recover data than with standard disks. Hence, proper backup and mitigation plans should be made by the enterprises. Further, all-flash arrays cost a bit more, simply because flash is costlier than spinning media.

All Flash Array Market: Regional Overview

All Flash Array market is currently dominated by the North American region owing to technological advancements in this region. Europe’s all flash array market follows next as various end-user industry verticals are realizing the importance of all flash arrays.

The Asia Pacific all flash array market is growing at a comparatively high rate owing to enterprises realizing the importance of all flash arrays.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geographies, applications, and industries.

Key Market Players:

A few of the companies in all flash array market are:

IBM Corporation
NetApp.
Hewlett Packard Enterprise
Dell Inc.
Hitachi Ltd.
Seagate Technology LLC
SanDisk Corporation
Pure Storage, Inc.

These companies are focused on innovating and updating their existing product offerings to increase their market share in all flash array markets.

All Flash Array Market Segmentation:

By Storage System:

All Flash Array based on Direct-attached Storage
All Flash Array based on Network-attached Storage
All Flash Array based on Cloud Storage
All Flash Array based on Unified Storage
All Flash Array based on Storage Area Network
All Flash Array based on Software-defined Storage

By Enterprise:

All Flash Array for SMEs
All Flash Array for Large-Scale Enterprises

By Vertical:

All Flash Array for BFSI
All Flash Array for IT & Telecommunications
All Flash Array for Government & Defense
All Flash Array for Transportation
All Flash Array for Manufacturing
All Flash Array for Healthcare
All Flash Array for Retail
All Flash Array for Energy & Utilities
All Flash Array for Other Verticals

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

About Future Market Insights (FMI)

Contact Us:

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
Website: https://www.futuremarketinsights.com
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Plant-Based Pork Market Booms with a 24% CAGR, Projected to Reach USD 16.72 Billion by 2033

With a spectacular CAGR of 24% from 2023 to 2033, FMI predicts that the global plant-based pork market could rocket to a value of US$ 1.88 billion in 2023. Additionally, by the year 2033, this industry is projected to reach a staggering US$ 16.72 billion.

The veganism movement is being fueled by the growing environmental and animal rights consciousness among a sizeable portion of the population. People are now looking for meat substitutes as a result of this trend. Many people love pork, thus it’s a popular food.

The negative impacts of pork slaughter have led to the introduction of innovative products as alternatives. Pork made from plants is one such substitute. As a result, the market is likely to have plenty of room to develop as the use of plant-based meats as an alternative grows in popularity.

The market is anticipated to be driven by growing consumer interest in plant-based diets and increased awareness of animal rights owing to numerous welfare groups. Vegan diets, in which people live vegetarian lifestyles free of animal-based foods, increasingly include plant-based meat as an essential component.

Veganism is becoming more popular among consumers for ethical and health reasons, while vegetarianism is becoming increasingly popular among customers who want to avoid animal cruelty and consume sustainable food and beverage options.

Increasing mushroom production and consumption, including that of oyster and button mushrooms, among others, is expected to also fuel market expansion in the years to come. The market is projected to rise during the projected period as a result of rising demand for goods made of plant-based ingredients such as tofu, soy, seitan, jackfruit, and others.

Overindulging in pork can result in diet-related disorders such as obesity, type 2 diabetes, heart disease, and several other malignancies. On the other hand, eating meat made from plants doesn’t result in these illnesses. Moreover, they support stronger immunity. Consumer attention is being drawn to a variety of significant considerations, including the nutritional advantages of plant-based pork and its safety when compared to traditional hog meat.

Pork products made from plants are largely taking the place of traditionally processed pork items like burgers and sausages. Pork made from plants has lower amounts of saturated fat, cholesterol, and calories than meat made from animals. They frequently have greater concentrations of micronutrients like calcium, zinc, and press.

North America led the market and generated the leading revenue share in 2022, and it is anticipated that it could continue to do so for the duration of the forecast period. Increased usage of vegetarian meat products and growing consumer awareness of the dangers of ingesting tainted meat products are both credited with driving market growth in this region. In reaction to the higher demand for plant-based foods, including plant-based meat, consumer perceptions of food sustainability and safety are likely to change even further.

KEY TAKEAWAYS

The market in the United States has grown significantly in 2022 holding a 27.1% share of the global market.
The market in China is expected to grow at a CAGR of 16.7% over the forecast period.
The market in the United Kingdom is anticipated to grow at a CAGR of 19.7% through 2033.
With a CAGR of 14.3% over the forecast period, India is predicted to grow rapidly in the market.
Germany accounted for 11.2% of the global market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the plant-based pork market are Impossible Foods, Inc., Gardein by Conagra Brands, Cargill, Inc., Smithfield Foods, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion Inc, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd., and others.

To fulfill rising customer demand for eco-friendly and meatless options, producers in the plant-based pork industry are creating new products. They are developing products that resemble the flavor, texture, and look of pork using a range of plant-based components, including soy, wheat, and pea protein. To accomplish the rising demand for sustainable and healthier food choices, they are investing in research and development to create novel plant-based pork products. In order to increase their distribution and increase customer access to their products, they are also collaborating with eateries and stores.

RECENT DEVELOPMENTS

In September 2021, Impossible Foods confirmed the commercial launch of their Impossible Pork Made From Plants, which is currently available at restaurants in Hong Kong.
In May 2021, Tyson Foods’ portfolio of plant protein products was expanded with three new products to meet the growing need for sources of plant-based protein. The company now sells Italian, ground, and Bratwurst sausages made from distinctive plant-based components.

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Plant-based Pork Market by Category

By Distribution Channel, Plant-based Pork Market is Segmented as:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Food Services

By Source, Plant-based Pork Market is Segmented as:

Soy-based Protein
Wheat-based Protein
Pea-based Protein

By Product Type, Plant-based Pork Market is Segmented as:

Burger Patty
Crumbles & Grounds
Sausages

By Region, Plant-based Pork Market is Segmented as:

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

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Matcha Market Set for Rapid Expansion with a 10.2% CAGR, Expected to Reach USD 7.1 Billion by 2033

The matcha market is expected to record a CAGR of 10.2% during the forecast period. The market is expected to hold a share of US$ 2.7 billion in 2023 while it is anticipated to cross a value of US$ 7.1 billion by 2033.

Significant Growth Factors:

The generation that is becoming concerned about their health is taking action to combat both the consequences of pollution and the rising number of diseases. Food items with antioxidant and anti-inflammatory effects are therefore in high demand.
Matcha encourages suppliers of organic skincare products to utilize it because it prevents acne and other skin issues. Teenagers’ hormonal acne may be treated with matcha powder, which is fueling industry expansion. People constantly searching for organic superfoods and immune booster beverages are expanding the demand for matcha products such as matcha ice lattes and matcha tea.
The higher influence of social media trends and internet reviews is expanding the growth of matcha tea and other products.
The expanding bakery and beverage products are fueling the application of matcha in the form of food and beverages. Matcha is also used in drinks as an essential element to enhance the drink with its grassy notes.

Key Points

The market in the United States is likely to lead the matcha market in terms of CAGR. The market thrives at a CAGR of 9.9% during the forecast period. The market growth is attributed to the growing health consciousness among people along with the expanding bakery businesses. The regional market is expected to hold a value of US$ 355.0 million by 2033.
The matcha market in China is expected to record a CAGR of 9.5% between 2023 and 2033. The greater usage of it through the beverage and skincare industries is the cause of the regional expansion. The market is anticipated to reach a value of US$ 1.9 billion by 2033.
India is leading the market in terms of CAGR and is expected to record a CAGR of 7.9% and is anticipated to reach a valuation of US$ 937.2 million by 2033.
The ceremonial segment is likely to thrive in the grade type category and is expected to record a CAGR of 10.0% between 2023 and 2033. The variables that led to applications and their potency as a cleanser are attributed to the growth.
The bulk bags segment is expected to top the packaging category and is anticipated to record a CAGR of 9.6% during the forecast period. The growth of this segment is fueled by considerable flexibility and easy application.

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Competitive Landscape

The key competitors are working to create new grades and enhanced matcha products. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel. The key players in the market are ITO EN Ltd., Tata Global Beverages Ltd., Starbucks Corporation, The Hain Celestial Group Inc., Unilever PLC, and Aiya-Co. Ltd, The AOI Tea Company, McCormick & Company, Inc., Matchaah Holdings Inc., The Republic of Tea, Clearspring Ltd, Andrews & George Company Limited, Green Foods Corporation, and Marukyu-Koyamaen Co. Ltd.

Recent Market Developments

McCormick & Company has introduced its new matcha recipes such as pea matcha green tea smoothie, matcha coconut kale smoothie, matcha green tea cake with lemon meringue frosting, and matcha green tea with ginger and citrus blend.
Green Foods Corporation has launched its ceremonial matcha green tea with a subtle flavor and sweet scent. The matcha used in this product is cultivated to achieve a bright green color and organic aroma.

Key Segments

By Grade Type:

Ceremonial
Classic
Café
Culinary

By Nature Type:

Organic
Conventional

By End-Use Type:

Food Processing
Beverage Processing
Personal Care
Foodservice
- Tea Shops/Café
- Restaurants
Institutional
Household

By Packaging Type:

Bulk Bags
Cartons
Sachets
Stand Up Pouches
Tins

By Sales Channel Type:

Direct Sales
Indirect Sales
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Retailing

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Global Rapeseed Oil Market Forecast: A 4.6% CAGR to Drive Market Value to USD 27.7 Billion by 2033

The global rapeseed oil market is expected to cross a valuation of US$ 27.7 billion by 2033. The market is projected to advance at a CAGR of 4.6% from 2023 to 2033. In 2023, the market is anticipated to be valued at US$ 17.7 billion.

According to a survey, nearly 550 million heart patients worldwide, and owing to lifestyle factors, the number is expected to surge. Rapeseed oil is rich in omega-3, which helps in the smooth functioning of the heart. This might increase the demand for rapeseed oil during the forecast period.

Professional chefs working in luxury hotels have started adopting rapeseed oil. Owing to the lack of taste associated with rapeseed oil, the application does not alter the taste of the food that is mixed with it. Moreover, these can be heated at a temperature greater than 400 ⁰C, which leads to the fact that the taste does not get ruined due to excess heating. These factors are expected to surge the sales of rapeseed oil during the forecast period.

Owing to the soaring cases of Vitamin E deficiency, many people have started consuming multivitamin capsules. Manufacturers who are into the production of multivitamin capsules are making use of rapeseed oil as it is an extremely rich source of Vitamin E.

One of the key applications of rapeseed oil is in the booming personal care products market. Being a rich source of Vitamin E, personal care product manufacturers are making use of rapeseed oil as these help in improving skin texture.

increase in cholesterol cases, high preference among chefs, surging personal care market, and other factors are expected to surge the rapeseed oil market growth during the forecast period – Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways:

The market is expected to hold a value of US$ 17.7 billion in 2023.
By 2033, the valuation is expected to surge beyond US$ 27.7 billion.
The CAGR is projected to be at 4.6% during the forecast period.
Based on regional analysis, Europe is expected to be the dominant market during the forecast period.
The United States market is expected to record a CAGR of 2.8%.
The United Kingdom market is anticipated to post a CAGR of 3.8%.
France market is projected to register a CAGR of 6.8%.
China market is expected to advance at a CAGR of 5.4%.
Japan market is anticipated to record a CAGR of 4.4%.
Based on product type, the processed segment is expected to hold the leading market share and is projected to advance at a CAGR of 4.5%.
On the basis of end users, the food service segment is projected to hold the dominant market share and is expected to register a CAGR of 4.6%.

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Competitive Landscape

The key players operating in the rapeseed oil market are making moves to indulge in profitable mergers and acquisitions. This comes at a time when the manufacturers are taking all steps to increase their market share. The manufacturers are also taking steps to invest amounts in marketing and sales activities to spread awareness about the kind of product being manufactured by them. The idea is also to rope in some sharpest minds who have been a part of the niche for decades and helped the previous companies post record-breaking profits.

Key developments in the rapeseed oil market:

In November 2022, Wilmar was ranked second globally in the human rights benchmark.
In January 2023, Interfat announced that it had launched its website in French to specifically cater to the French audience.

Rapeseed Oil Market Segmentation

By Product Type:

Processed
Virgin

By Distribution Channel:

Franchise Outlets
Modern Trade
Online
Specialty Stores

By End User:

Food Processor
Food Service
Retail

By Region:

North America
Latin America
Europe
Japan
Asia Pacific excluding Japan
The Middle East and Africa

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Fruit Pomace Market Anticipated to Hit USD 5.0 Billion by 2033 with a Steady CAGR of 3.5%

The global fruit pomace market is projected to reach a valuation of US$ 3.5 billion in 2023 and is anticipated to grow to US$ 5.0 billion by 2033, recording a compound annual growth rate (CAGR) of 3.5% during the forecast period. This steady growth is fueled by the increasing demand for animal and organic feed, as well as the rising adoption of plant-based diets and nutritional supplements.

Fruit pomace, a byproduct of juice and cider production, is gaining popularity due to its rich nutritional content, including antioxidants and pectin. Manufacturers are leveraging this nutrient-dense material to develop a variety of products such as liquid, powder, and paste forms, which cater to diverse consumer needs. The growing awareness about healthy lifestyles and the benefits of fruit pomace in dietary supplements and animal feed are significant drivers of market demand.

Key Takeaways

The market is set to expand at a steady pace, with a projected valuation of US$ 5.0 billion by 2033.
The versatility of fruit pomace in various industries, including animal feed, nutraceuticals, and food and beverages, ensures a broad market reach.
Investing in fruit pomace aligns with the global shift towards sustainable and eco-friendly products.
The growing consumer focus on health and wellness is driving demand for fruit pomace, particularly in the context of plant-based diets and nutritional supplements.

Business Growth Headlines

Animal Feed and Organic Food Demand Drive Market Expansion The rising demand for animal and organic feed is a significant growth driver in the fruit pomace market. With its rich fiber and nutrient content, fruit pomace is becoming a preferred ingredient in animal feed, enhancing the nutritional value of livestock diets.
Innovative Product Development in the Food & Beverage Industry Manufacturers are expanding their product lines by developing various forms of fruit pomace, including liquid, powder, and paste. This innovation caters to the diverse needs of consumers and food producers, increasing the adoption of fruit pomace in the food and beverage industry.
Vegan and Plant-Based Diet Trends Propel Market Growth The increasing popularity of vegan and plant-based diets is significantly boosting the demand for fruit pomace. Products such as apple, tomato, and grape pomace are flourishing in the market, driven by their high nutrient content and health benefits.
Health Benefits Drive Consumer Adoption Fruit pomace is rich in antioxidants and pectin, making it a beneficial dietary component. The demand for fruit pomace is surging as consumers seek out healthful food products that enhance their diet and boost their immune system.
Technological Advancements Facilitate Market Expansion The transition from laboratory development to small-batch production is being facilitated by advanced facilities and equipment. This enables manufacturers to scale beverage production efficiently and prepare for mass production, thereby accelerating market growth.

Global Market Survey

The U.S. fruit pomace market is expected to record a CAGR of 4.3%, reaching a valuation of US$ 524 million by 2033. The growing demand for low-fat, natural, and dietary supplement food items is driving market expansion.
Canada is set to achieve a CAGR of 4.9%, with an anticipated market value of US$ 373 million by 2033. The rise in urbanization, consumer preference for healthy food trends, and increasing market penetration are key growth drivers.
The Polish market is expected to grow at a CAGR of 3.3%, reaching US$ 352.4 million by 2033. The increasing prevalence of diseases and the focus on healthy diets are driving the consumption of fruit pomace products.
The Russian market is projected to grow at a CAGR of 3.1%, with a valuation of US$ 238.3 million by 2033. The innovation in beverages and the rising demand for fruit pomace extract in food products are fueling market growth.

Start-up Ecosystem

Innovative start-ups are playing a crucial role in driving market growth through advanced technologies and sustainable practices. Companies like Lemon Concentrate, LaBudde Group, and Citrosuco are setting benchmarks in quality and innovation, contributing significantly to market expansion.
Key Players in the Market are

LaBudde Group, Inc.
Lemon Concentrate S.L.
Citrosuco S.A.
Sucocitrico Cutrale Ltd
Agrana Beteiligungs-AG
Marshall Ingredients, LLC
Polyphenolics Inc.
Louis Dreyfus Company B.V.
FruitSmart Inc.
Pacific Coast Fruit Products Ltd.
GreenField Sp. z o.o.
Appol sp. z o.o.
Whole Vine Products
Yantai North Andre Juice Co. Ltd.

Recent Developments in the Global Fruit Pomace Market are

In August 2022, the Agrana field day took place on the premises of the Grafenegg estate administration, which nearly 400 farmers attended. The visitors were able to get an understanding of the current varieties of sugar beet and waxy maize in the respective plots.
In March 2022, Louis Dreyfus Company and its partners celebrated the ground-breaking ceremony for Fuling Food Industrial Park, a joint venture with DOWNLINK group and HAID group in Nansha, Guangzhou.

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Magneto Optic Current Transformer Market is Supposed to Rise at a CAGR of 9.3% by 2032 | Future Market Insights, Inc.

The magneto optic current transformer market, which is presently valued at USD 232.4 in million 2022 and is expected to reach USD 563.6 million in 2032, increasing at a CAGR of 9.3%. Increased need for power across all industries, rapid improvements in electrical and electronic technologies, and a variety of other reasons have all contributed to the magneto-optical current transformer market’s rise.

A magneto-optic current transformer calculates and converts the rotation angle of a magnetic field into proportional electric energy. The majority of the gadget is made up of a sensor head, a signal processing unit, and fiber optic connections.

Due to its high voltage tolerance and lack of a saturation state, it is incredibly helpful and a crucial component in almost every electronic device.

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Magneto Optic Current Transformer Market: Drivers and Restraints

Increasing drawbacks of conventional current transformers such as saturation of magnetic field under high current, electromagnetic interference, and complicated insulation and cooling structures are driving the demand for advanced electrical equipment, for instance, magneto optic current transformer market over the forecast period.

Further various intrinsic properties of the magneto optic current transformer such as immunity against electromagnetic interferences (EMI), the possibility of measuring AC & DC, and the absence of saturation effects are attributing to drive the magneto optic current transformer market over forthcoming years.

In addition to the above, electrical isolation and low power consumption of magneto optic current transformers are the other drivers of the market, which are enabling new lucrative opportunities for investors to invest in the respective industry.

Who are Some of the Important Players in the Magneto Optic Current Transformer Market?

Hunan’s first 500 kV substation with remote one key sequence control was successfully put into operation. NR Electric Co. commissioned the whole system, which was highly praised by the users.
Profotech and Elektrozavod have entered into a scientific and technological cooperation, which is based on execution of complex projects on buildings, reconstruction of power facilities, and development and testing of new products based on joint R&D.

Key Players

NR Electric Co.
ARTECHE
T&D
Trench Group
Profotech
Asea Brown Boveri (ABB) ltd.

Global Magneto Optic Current Transformer Market: Regional Trend

Owing to massive growth in the applications of electric equipment in developed economies such as North America and Europe, it are anticipated to drive the market in developed countries. Further increasing worldwide electrical distribution/consumption are spurring the market growth in forthcoming years.

Asia Pacific is emerging the fastest growing segment of magneto optic current transformer market owing to rapid advancement in electrical components and increasing industrial utility are anticipated to drive the market in recent years.

Key Segments Profiled in the Magneto Optic Current Transformer Market Survey

By Type:

Fiber Type
Non-Fiber Type

By Application:

Transformer
Electronic Measurement Devices
Network Devices
Power System & Instrumentation
Transmission-Line Bus
Electrical High Voltage Substations

By Region:

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

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