Market Research Blog – Page 1209 – New Product Development

Global Vegan Dog Food Market Poised for 7% CAGR Growth, Aiming to Reach USD 26.35 Billion by 2033

In 2023, the vegan dog food market was valued at approximately USD 13.58 billion. This sector is projected to experience a compound annual growth rate (CAGR) of 7% from 2023 to 2033, potentially reaching USD 26.35 billion.

The Vegan Dog Food market has witnessed a remarkable surge in recent years, reflecting the growing consciousness towards animal welfare and sustainable living. Pet owners are increasingly opting for plant-based alternatives to cater to their canine companions’ dietary needs. This trend stems from concerns about the environmental impact of conventional meat-based dog foods, as well as health considerations.

Vegan pet food is crafted from plant-based and natural ingredients, ensuring it is free from any animal-derived materials and devoid of animal abuse or exploitation. Current trends in the human food industry, including vegetarianism, clean labeling, alternative proteins, and a focus on healthier ingredients, are significantly influencing the pet food market.

From Niche to Mainstream: The Surging Acceptance of Vegan Food Products

The development of vegan alternatives in the pet food industry has come at a perfect time since vegan pet owners want their animals to adopt this way of life alongside them. This discovery has proven vital to the expansion of the industry. Dogs fed organic dog food experience a variety of health advantages, including fewer skin conditions and allergies, fewer digestive issues, better overall health, and a higher quality of life.

Changes in family structures and lifestyles that promote pet adoption are driving the growth of dog owners worldwide, raising the need for organic dog food. Vegan remedies are frequently used to treat digestive issues in dogs, such as upset stomachs, constipation, and bloating.

Paw some Paradigm Shift: The Global Surge in Pet Humanization Unleashes a New Era of Fur-Baby Love

The phrase ‘pet humanization’ is becoming a widely used term in the pet business as more pet owners desire to give their pets’ items or experiences similar to those provided to humans. Pet owners want nutritive advantages, excellent ingredient quality, enhanced digestibility, and animal safety in their pet food since they view their animals as family members. Demand for premium pet food with a high nutritional content is rising as a result of this trend.

The need to eat healthfully has become more widely recognized thanks to the humanization of pets. The surge in recent expenditures on pets signifies that pet owners now can allocate more funds toward premium pet food products.

Regional Outlook of this Vegan Dog Food Market:

In terms of vegan dog food sales, North America dominated the market in 2023. This is a result of the widespread adoption of pets in American households. The general acceptance of pet humanization among North American consumers spurred the local market to expand even more.

The United States and Canada, two of the leading nations in the region, are seeing an increase in the popularity of veganism.

Key Takeaways:

Kibbles or dry segment of the product type category is predicted to have a vegan dog food industry share of 24.3% by 2033.
The conventional sector to attain a substantial market share of 81.2% in the nature category between 2023 and 2033.
The adult sector to attain a substantial market share of 53.6% in the age group category between 2023 and 2033.
Through 2033, the store-based retailing segment to acquire a market share of 86.4% in the distribution category.
Between 2023 and 2033, the bags segment in the packing category held a vegan dog food market share of 36.8%.
The United States may achieve a 10% market share in the global vegan dog food industry between 2023 and 2033.
From 2023 to 2033, Germany might hold 5.9% of the global vegan dog food business.
Between 2023 and 2033, Japan’s vegan dog food sector share might rise to 6.4%.
From 2023 to 2033, Australia may hold a 3.2% share of the vegan dog food industry.
The vegan dog food industry in China is expected to record a CAGR of 3.5% during the forecast period.
The vegan dog food business in the United Kingdom may capture a 6.6% CAGR between 2023 and 2033.
The India vegan dog food industry is likely to record a CAGR of 30.8% from 2023 to 2033.

Competitive Landscape:

Vegan dog food producers are concentrating on enhancing their online presence and funding research and development to broaden their market. Multinational vegan dog food firms are expanding their manufacturing facilities and acquiring local players to widen their product options.

Key Players:

Mars Incorporated
Hill’s Pet Nutrition
Lafeber Co.
Fromm Family Foods LLC.
Dave’s Pet Food
Boulder Dog Food Company, L.L.C.
Champion Petfoods
Nutro Products Inc.
Evanger’s Dog & Dog Food Company, Inc.
Rollover Premium Pet Food Ltd.
Diamond Pet Foods
Green Pawz, A Bentley’s Pet Stuff Company
Freshpet
Nestlé Purina PetCare
Burgess Group PLC
Affinity Petcare SA
4Legs Pet Food Company
Real Pet Food Company
Betagro Public Company Limited

Recent Advancements:

Mars Petcare Bolsters Royal Canin with Acquisition of Nom Nom Now: Expanding Success and Enriching Product Line.

Mars Petcare acquired Nashville-based Nom Nom Now in January 2022. Mars Petcare may incorporate the newly acquired brand into its Royal Canin subsidiary as part of this deal. This acquisition aims to expand Nom Nom Now’s success while enhancing Mars Petcare’s product line.

Revolutionizing Pet Food: Bond Pet Foods and Hill’s Pet Nutrition Join Forces to Create Sustainably, Nutrient-Rich Alternatives.

In November 2021, Bond Pet Foods, a business that uses precise fermentation to produce animal proteins for use in pet food, partnered with Hill’s Pet Nutrition. The cooperation aspired to build a more environmentally friendly product to replace one of Hill’s most well-liked meat-based goods. The fermented protein can be created considering the nutritional needs of cats and dogs.

Buy Report now

Key Segments profiled:

By Product Type:

Kibble/Dry
Extruded
Baked
Coated
Dehydrated Food
Treats and Chews
Pastes
Creames/Cream Snacks
Crunchy Snacks

By Age Group:

Adults
Senior
Puppies

By Distribution Channel:

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

By Packaging Type:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
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 5000 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
LinkedIn| Twitter| Blogs | YouTube

Restaurant Takeout Market Poised for 8.3% CAGR Growth, Surpassing USD 4,024.9 Billion by 2032

The restaurant takeout market is expected to reach US$ 4,024.9 billion in 2032 from US$ 2,199.4 Billion in 2022, with a CAGR of 8.3% from 2022 to 2032.

The global impact of the Covid-19 pandemic may have accelerated restaurant takeout market growth, but what made it possible has been the recent proliferation of delivery models and fleet types: delivery from the store, curbside pickup, delivery from robotic warehouses, and so on.

With all restaurant takeout market opportunity comes a lot of competition, so restaurants, grocers, and other food providers must stay on top of what’s going on in the restaurant takeout market.

Increased urbanisation, increased internet usage worldwide, expansion of fast-food chains, and increased household restaurant takeout expenditure have all contributed to the restaurant takeout market growth along with restaurant takeout market key trends and opportunities.

Get a Sample Copy of the Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15010

Emerging multicultural populations, increased use of online media, online market place convenience, and restaurant takeout market consolidation are some of the restaurant takeout market adoption trends and restaurant takeout market future trends.

Barriers to entry into the restaurant takeout market are due to high logistical complexities, as well as the time-consuming development and implementation of systems that accept orders online, which are among the major challenges in the restaurant takeout market and restaurant takeout market key trends and opportunities.

For newcomers to the restaurant takeout market, getting things up and running can be very costly and time-consuming, which influences the emerging trends in the restaurant takeout market.

Key Takeaways:

Europe has a restaurant takeout market share of 19.7% in the restaurant takeout market.
The independent foodservice segment of the restaurant takeout market has the largest market share of 62.5% in the business type category through 2032.
East Asia has a restaurant takeout market share of 31.2% in the restaurant takeout market.
The platform-to-consumer segment of the restaurant takeout market is expected to outperform the purchase model category through 2032.
North America has a restaurant takeout market share of 23.3% in the restaurant takeout market.
Latin America has a restaurant takeout market share of 8.9% in the restaurant takeout market.
The restaurant takeout market is dominated by South Asia, with a share of 11.3%.

Competitive Landscape:

New market research report on restaurant takeout shows that the legacy players in the restaurant takeout market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the restaurant takeout market key trends & opportunities.

The restaurant takeout market is dominated by Denny’s, Bob Evans, Biscuitville, Another Broken Egg Café, The Original Pancake House, First Watch, Village Inn, Huddle House, Perkins, Manchu Wok, HuHot Mongolian Grill, Mama Fu’s, Panda Express, Spaghetti Warehouse, Fazoli’s,appadeaux Seafood Kitchen.

Recent Development in the Restaurant Takeout Market:

In partnership with Beyond Meat, KFC (Yum! Brands, Inc.) became the first national U.S. quick service restaurant to test plant-based chicken in 2019. In collaboration with Beyond Meat, KFC introduced “Beyond Fried Chicken,” a plant-based chicken that debuted in a limited test series.
In 2019, Dubai retailer Marka announced the opening of its first Deli Kitchen Restaurant in Dubai’s Design District, with the goal of providing free delivery to the Design District’s offices via WhatsApp ordering.
Google announced in July 2020 that it had begun testing food delivery services in India, allowing customers to place orders directly through Google’s search engine. Dunzo, a third-party platform in the process of upgrading its systems, is expected to deliver. The feature is already available in the United States at orderfood.google.com, and users can use voice assistants to place orders.

Click on the Below Link to Buy this Report

Key Segments

By Meal Type:

Breakfast
Brunch
Lunch
High Tea
Dinner

By Nature:

Vegetarian
Non Vegetarian
Vegan

By Payment Type:

Cash
Debit Cards
Credit Cards
Digital Wallets
Electronic Bank Transfers

By Business Type:

Chained Foodservice
Independent Foodservice

By Purchase Model:

Direct-To-Consumer
Platform-To-Consumer

By Region:

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

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
LinkedIn| Twitter| Blogs | YouTube

Dry Sweeteners Market to Record 6.5% CAGR, Projected Valuation of USD 7.9 Billion by 2032

Worldwide dry sweeteners market request is expected to be esteemed at USD 4,200. Millions of every 2022, estimate a CAGR of 6.5% to be esteemed at USD 7,884 Million from 2022 to 2032. Development is credited to the rising interest for bread kitchen items. From 2016-2021 a CAGR of 4.1% was enlisted for the dry sweeteners market.

Dry sweeteners are sweetening agents that are mostly used in the bakery and confectionery for the preparation of the cookies, cakes, muffins, bread, and nut coatings. Dry sweeteners comprise of malt, raisins, dry honey, fruits sugars, molasses that can replaces liquid or raw sweeteners efficiently and effectively. Dry sweeteners mainly come in flake, powder and crystal form depends on the use of the sweetener in the industry.

Dry Sweeteners Market: Drivers & Restraints

Rising use of confectionery and food products in the food parks, dairy and HoReCa (Hotel, Restaurants, and café) is the key drivers for the growth of the global dry sweeteners market. Additionally, the increasing decorative features in the baking industry and other food industries is expected to increase the demand for dry sweeteners in forecast years. Dry Sweeteners can be used as a decoration by spreading on baking recipes before or after Baking. Dry sweeteners used to add shape, quality, and taste of the food products in food and confectionery industry. Change in life style and increase in disposable income is increasing the consumer base for food industry, this in turn, is expected to increase the demand for dry sweeteners in near future.

Furthermore, unstable demand and supply ratio is expected to restrain the market growth of dry sweeteners. Lack of awareness in developing economies and fluctuating prices of raw materials are expected to hinder the market growth across the forecast period.

Dry Sweeteners Market: Regional outlook

Based on geography, dry sweeteners market has been categorized into seven key regions i.e. North America, Western Europe, Japan, Asia Pacific excluding Japan, Eastern Europe, and Middle East and Africa. The dry sweeteners market is expected to register healthy growth during the forecast period as the food and beverages market is growing globally. The Asia Pacific represents the considerably high market share and growing with a higher growth rate as the food and beverages market is growing rapidly in the region.

Moreover, North America and Western Europe are growing market with a stabilized rate attributed to the high capita income and changed in lifestyle of the consumers. The dry sweeteners market is steadily increasing with the increasing demand of the confectionery and bakery foods across the globe. The Dry sweeteners market is expected to grow in the forecast period.

Dry Sweeteners Market: Key Players

Some of the major players in the dry sweeteners market are listed below.

Archer Daniels Midland Company
Sweeteners Plus
Marroquin Organic
Nordic Sugar A/S
Cargill, Incorporated
Royal Ingredients Group
Tereos Starch & Sweeteners s.a.s.
Health Care Products Ltd
Malt Products Corporation
Jimbo’s Naturally
Other players

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, application, and industry.

Drive Your Growth Strategy Purchase the Report for Key Insights:

Dry Sweeteners Market: Market Segmentation

Dry sweeteners market is segmented into different segments based on the product type, application type, form type, and geography. Among application type, dry sweeteners for the decorative purpose in the bakery industry is leading with maximum market share. Furthermore, second largest consumption of drysweetners is in the confectionery foods which maintains the second position in the market. Use of dry sweeteners in food and dairy industry is expected to grow across the forecast period attributed to increase in consumer base as the population is increasing across the globe. The dry sweeteners come in the different forms as like powder, crystal, and flake.

Based on the product type the dry sweeteners market is segmented into:

Malt
Raisins
dry honey
Fruits sugars
Molasses
Other dry sweeteners

Based on the application type the dry sweeteners market is segmented into:

Confectionery
Bakery
Dairy

Based on the form type the dry sweeteners market is segmented into:

Powder
Crystal
Flakes

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.

Duckweed Market to Expand at 10.8% CAGR, Reaching USD 195.4 Million by 2033

The duckweed market is set to witness substantial growth, reaching a valuation of US$ 195.4 million by 2033, with a CAGR of 10.8% during the period from 2023 to 2033, starting from US$ 76.0 million in 2023.

The duckweed market has a great CAGR for many reasons, like increasing awareness about sustainable food and the nutritional benefits of the duckweed. There are also some challenges in the duckweed market, such as cost fluctuations and environmental concerns.

Market Opportunities

The Duckweed market is having many opportunities as it is a great source of protein, minerals, and vitamins. Duckweed has many benefits, that’s why it is used to make skin care, hair care, personal care products, as well as medicines and health care.

Many sectors are getting benefits from duckweed, such as pharmaceuticals, environmental treatment, cosmetics, agriculture, bioplastics, research and development, food and beverage, animal feed, and renewable energy.

Key Takeaways

The duckweed sector experienced a steady growth rate, with a Compound Annual Growth Rate (CAGR) of 10.8% from 2023 to 2033, indicating a positive trajectory for the market over the forecast period.
Projections indicate that the duckweed market is set to expand and reach a value of USD 195.4 million by 2033, reflecting the increasing demand and potential opportunities in the industry.
In 2022, the United States emerged as the leading market for duckweed, capturing a significant share of 22.5%, highlighting its dominance and presence in the industry.
Germany showcased notable growth in the duckweed market in 2022, capturing a market share of 7.1%, indicating a rising interest and involvement in the business.
India witnessed significant expansion in the duckweed market in 2022, securing a substantial market share of 6.6 %, reflecting the growing market potential and opportunities in the country.
Japan emerged as a dominant player in the duckweed market in 2022, capturing a notable market share of 3.1%, indicating its involvement and influence in the industry.

Competitors’ Winning Strategies
Competitors of the duckweed market mainly focus on making new and unique types of products obtained from duckweed. They are creating their own brand, which helps the customer to memorize the product easily.

They are also working on the price and cost of their product to overcome the amount of their product to make the product more affordable. They also educate customers through advertisements and their packaging, like what are the benefits of the duckweed products and how they may be involved in their life.

Greenleaf Innovations, AquaGrowth Solutions, and BioDuck Industries are some of the leading competitors in the duckweed market.

Recent Developments:

Parabel USA Inc.: Announces an innovative item named “Lentein,” a duckweed-based powdered protein that may be utilized in various applications related to food and beverages.

University of Florida: Creates a novel way for producing duckweed in controlled surroundings, which might assist in a US$ 21.5 million round of investment deal to boost the sale of its duckweed-based protein supplements.
Pontus Protein: Announces intentions of marketing a water-soluble lentil-derived component in addition to the vertical aquaponics technology in which it is being developed.

Key Companies Profiled

Parabel
Green Orchid Nursery
Australian Aquatic Solutions
Go Herbal Foods
Sak Aquatics
Victory Farms Ltd.
Medicine Raw Materials
Herbalife
Pond Pro
Plantible Foods
NutraIngredients

Gain Immediate Access to Detailed Market Insights Purchase Now:

Key Segments of Duckweed Industry Survey

By Form:

Powder
Oil
Paste

By End Use:

Household
HoReCa
Food & Beverages
Aquaculture Industry
Pharmaceutical Industry
Others

By Application:

Food
Animal & Aquatic Feed
Dietary/Health Supplements
Biofertilizers
Biofuels
Water Treatment

By Product Type:

Little Duckweed (Lemna Minor)
Thick Duckweed (Lemna Gibbs)
Cross Duckweed (Lemna Priscila)
Great Duckweed (Lemna Polyuria)

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & 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.

Animal Feeds Microalgae Market Trends to 2031: Growth Potential and Competitive Landscape

As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top USD 57.5 Million in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of USD 80.9 Million by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors fuelling the demand for microalgae in animal feed sector.

Rapid urbanization, increasing disposable incomes, and heightened awareness of the benefits of natural antibiotics like astaxanthin are driving the sales of microalgae products.

The rising demand for animal proteins is also creating opportunities for high-quality fish and animal feed, providing a healthy protein source for humans. Consequently, microalgae products are gaining popularity.

As the global population expands, there is a growing need for alternative sources of food and energy. Microalgae supplements not only enhance animal diets but also add significant value to the final products. Incorporating microalgae into animal feed can lead to improved overall yields.

The adoption of microalgae as feed ingredients is on the rise, particularly as a sustainable alternative to traditional sources like corn and soybean. Studies have shown that microalgae possess antioxidant, antimicrobial, and disease-preventing properties that can extend the lifespan of animals and fish. As a result, their use in animal feed is becoming increasingly prevalent.

According to FMI, the surging demand for microalgae products across aquaculture and poultry industries will create scope for the expansion of the market during the forecast period.

Spirulina will lead the market in terms of species type. It is expected to account for a market share of around 39% in 2021. This can be attributed to its highly nutritional properties. North America is one of the leading regions, exhibiting high demand for microalgae. It is expected to account for 36.1% of the global microalgae sales in animal feed sector in 2021.

“Growing demand for meat and dairy products to cater to the consistently increasingly population will continue to fuel the demand for microalgae in the animal feed sector,” says the FMI analyst.

Key Takeaways from Demand for Microalgae in Animal Feed Market Survey

The U.S. will account for over 92% of sales in North America through 2031.
Owing to the increasing sales of meat protein products, the demand for microalgae in Germany animal feed sector is expected to surpass a valuation of US$ 2.5 Mn in 2021.
Brazil holds more than 52% value share in Latin America, driven by demand from a massive animal husbandry industry.
Spirulina with its high nutritional properties account for more than 39% of the global market in 2021.
Freshwater microalgae accounted for 82% of global demand for microalgae in animal feed sector in 2021.

Key Drivers

Growing demand for meat and dairy products is bolstering the demand for microalgae in the animal feed sector.
Rising awareness regarding the benefits of microalgae-based animal feed products is aiding the growth of the market.
High adoption of microalgae products in aquaculture and poultry industry will further escalate the demand.

Key Restraints

Availability of substitutes is hampering the demand for microalgae in the animal feed sector.
High cost of microalgae-based animal feed also restraints the demand to some extent.

Competitive Landscape

Key companies operating in the microalgae industry are aiming at developing new products. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

In July 2021, AstaReal AB, part of the AstaReal Group introduced its astaxanthin brand NOVASTA in the European Market, to support optimal health and nutrition for a variety of animals. NOVASTA is rich in natural astaxanthin, carotenoids, proteins, carbohydrates and essential fatty acids.
In July 2019 DSM, a global science-based company in nutrition, health and sustainable living, together with Evonik inaugurated their Veramaris 50-50 joint venture’s commercial-scale US$ 200 million production facility in Blair, Neb. (USA. This new site will begin commercial production of omega-3 fatty acids rich EPA and DHA from natural marine algae for sustainable salmon farming.

Some of the prominent players operating in the demand for microalgae in animal feds sector market profiled by FMI are:

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

More Insights on the Demand for Microalgae in Animal Feed Sector Sales Outlook

FMI provides an unbiased analysis of demand for microalgae in animal feed sector market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for microalgae in animal feed sector with a detailed segmentation on the basis of:

By Species Type:

Spirulina
Chlorella
Dunaliella
Haematococcus
Crypthecodinium
Schizochytrium
Euglena
Nannochloropsis
Phaedactylum
Others

By Source:

Marine Water
Fresh Water

By End Use Applications:

Poultry Feed
Swine Feed
Cattle Feed
Aquaculture Feed
Equine Feed

By Region:

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

Contact Sales for Further Assistance in Purchasing this Report

Key Questions Covered in the Demand for Microalgae in Animal Feed Sector Sales Outlook Report

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

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 FMI:

Vegan Cat Food Market Sees Major Growth, with Projections Reaching USD 17.16 Billion by 2033

The vegan cat food market is forecasted to expand at 6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 9,291 million in 2023.

Growing ethical concerns regarding the killing of animals for food are driving significant growth in the vegan cat food market. Many consumers now perceive a plant-based diet as a healthier and more nutrient-rich option for both pets and humans. This shift is particularly evident among environmentally conscious pet owners who prefer vegan cat food to reduce their carbon footprint, opting for alternative fat sources like coconut oil instead of animal-based fats. Such changes are crucial since cats require fats to maintain their energy levels and support skin and coat health.

Additionally, the rising awareness of the health benefits associated with vegan diets is further propelling market demand. A vegan diet is often viewed as healthier due to lower saturated fats and cholesterol, alongside higher levels of antioxidants and fiber. As the prices of dairy and meat products continue to soar, vegan cat food offers a more affordable alternative. Manufacturers are responding by innovating their vegan product lines, developing new formulations to meet consumer demand, and increasing advertising investments to boost sales and revenue in this growing segment.

The vegan cat food market is witnessing significant growth, driven by the increasing awareness of animal welfare, health concerns, and environmental sustainability. As more pet owners seek ethical alternatives for their pets, the demand for plant-based cat food options is on the rise. Here’s a closer look at the current landscape and future prospects of the vegan cat food market:

Market Growth and Trends

Rising Demand: The vegan pet food segment is expanding, with a notable increase in vegan and vegetarian formulations for cats. This trend is fueled by a growing number of consumers adopting vegan lifestyles and seeking similar options for their pets.
Innovative Products: Companies are innovating to create nutritionally balanced vegan cat foods, incorporating high-quality plant proteins and essential nutrients. Brands are focusing on ingredient transparency and sustainability, appealing to health-conscious pet owners.

Consumer Awareness

Education and Advocacy: Increased educational efforts regarding pet nutrition are prompting consumers to explore plant-based diets for their pets. Advocacy from veterinarians and pet nutritionists also plays a significant role in shifting perceptions about vegan diets for cats.
Health Benefits: Many pet owners are drawn to vegan cat food due to perceived health benefits, such as improved digestion, weight management, and reduced allergies.

Market Challenges

Nutritional Concerns: One of the main challenges is ensuring that vegan cat food meets all the nutritional needs of felines, as cats are obligate carnivores. Manufacturers are addressing this by fortifying products with essential vitamins and minerals.
Skepticism from Veterinarians: Some veterinarians remain skeptical about the adequacy of vegan diets for cats, which may hinder widespread acceptance among pet owners. Ongoing research and clear communication about nutritional adequacy are essential to overcome this barrier.

Top Highlights from the FMI’s Analysis of the Vegan Cat Food Market:

The United States vegan cat food industry is expected to constitute more than 33% of the overall market in 2023.
Germany’s vegan cat food industry acquired 17% of the global market in 2022.
Japan’s vegan cat food industry is projected to gain more than 1% of the overall market in 2023.
The United Kingdom vegan cat food industry is estimated to register a CAGR of 8.7% over the forecast period.
China market is expected to record a CAGR of 4.3% in the coming years.
India’s vegan cat food industry is anticipated to attain a CAGR of 3.4% in the estimated period.
Based on product type, the kibble/dry segment is projected to get more than 35% over the forecast period.
Based on pet type, the kitten segment is expected to acquire above 35% in the coming years.

Market Watch: New Innovations in the Market

In December 2020, Veggie Animals, a Spanish brand, introduced vegan food for cats. The company extended its product range to incorporate new Veggie Animals PLUS for cats. The product can be consumed by adult cats and is available in the formats of 2kg and 12.5kg throughout Europe.
In October 2022, Peterra Kitchen, which is a “plant-forward” startup of pet food, released new baking mixes for cats and dogs. The plant-based mixes can be deployed to create cat food mix-ins and dog treats. These mixes consist of “health-protective” herbs and spices composed of prebiotics, fiber, and antioxidants to support pets’ gut health.

Top 10 Key Companies Profiled in Vegan Cat Food Market

Benevo
Wysong
Evanger’s Dog & Cat Food
Nature’s Recipe
My Aistra
Evolution Diet
Cannapple
Eco Dog and Cats
Nature’s diet
Dr. Good pet

Buy now for detailed information on every segment!

Vegan Cat Food Market by Category

By Product Type:

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

By Age Group:

Kitten
Adults

By Distribution Channel:

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

By Packaging:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

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 FMI:

Global Mining Collectors Market Forecast: A 5.8% CAGR Amid Economic Challenges and Increased Investments

Mining Collectors Market

The FMI research report titled “Mining Collectors Market Demand: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2027” examines the mining collectors market and offers insights for the next nine years. Based on the findings specified in the report, among the product types, xanthates accounts for more than half the market share and is expected to grow with a significant CAGR during the forecast period. Mining of sulfide ores is considered a major application area for mining collectors of important minerals such as copper, gold, zinc, lead, and silver. On the basis of the ore type, the sulfide ore segment is pegged to be a significant ore type segment. The sales of mining collectors are expected to be valued at USD 682.3 Million by the end of 2018. China is projected to account for a value share of 29.8% in the global mining collectors market by 2018 end. The market in the country is anticipated to remain prominent throughout the forecast period.

Mining Collectors Market: Dynamics

Mining collectors are used in the froth flotation process as mineral collectors. Mining collectors are also used for the recovery of heavy metal sulfides from ores. They are commonly used for the extraction of gold, copper and other metals. The average metal ore grade has decreased significantly in the past few years, which led to the exploration of new mines with targeted regions. This has been driving the growth of the mining collectors market.

Increasing mineral extraction activities, coupled with the rising demand for metals, non-metals, and stones, are boosting the overall demand for mining collectors in mining applications. Moreover, mining and exploration companies are concentrating on extracting minerals from underground mines rather than open-pit mines to reach mineral-rich resources deep inside the earth. The ores extracted from deep down require reagents for further processing, which is expected to fuel the growth of the overall mining collectors market.

China to Witness Noteworthy Growth in the Global Mining Collectors Market

From a regional perspective, China is expected to be a significant region in the global mining collectors market during the forecast period. Gold mining in China has also been increasing significantly in the recent past, which is further expected to drive market growth. Latin America, followed by APEC (Asia Pacific excluding China), is estimated to account for significant growth in the mining collectors market. Government and mining firms in developing countries of Latin America such as Brazil, Chile, Peru, and Mexico are focusing on tapping mineral resources through mining to drive the economic growth of the respective countries and subsequently, maximize development.

Latin America is expected to register 5.5% growth in the mining collectors market from 2018 to 2027. The Middle East and Africa region is also forecast to witness steady growth in demand for precious metals such as gold and platinum, which is estimated to drive the growth of precious metals mining activity and thus, fuel the growth of the mining collectors market.

To Gain More Insights about this Research, Visit!

Global Mining Collectors Market Analysis by Product Type

The xanthates segment is expected to be a prominent product type in the global mining collectors market. In terms of value, the segment is expected to account for ~US$ 372 Million by the end of 2027. While dithiophosphates and dithiocarbamates segments account for low shares compared to the xanthates segment, they are expected to register high year-on-year growth in the coming years.

Global Mining Collectors Market Analysis by Ore

By ore type, the sulfide ore segment is a key consumer of mining collectors and is expected to register a moderate growth rate over the forecast period. Traditionally used for sulfide-ores, collectors are rapidly gaining traction for the beneficiation of non-sulfide ores such as iron ores. The shifting trend can be attributed to the degradation of ore quality and increasing demand for high-grade metals.

Mining Collectors Market Competitive Landscape

Some of the key players involved in the manufacturing of mining collectors include China-based players such as QiXia TongDa Flotation Reagent Co., Ltd,, Tieling Flotation Reagents Co., Ltd, Hainan Huarong Chemical Co., Ltd, Yantai Humon Chemical Auxiliary Co. Ltd. and prominent global players such as Coogee Chemicals, SNF FloMin Inc., Orica Ltd, Vanderbilt Chemicals, LLC, and CTC Mining Senmin International Limited (Pty) Ltd.

Mining Collectors Market: Segmentation

Product Type

Xanthates
Dithiophosphates
Dithiocarbamates
Others

Ore Type

Sulfide
Non-Sulfide

Region

North America
Latin America
Europe
APEC (Asia Pacific Excluding China)
China
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: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Gas Separation Membrane Market to Witness 7.3% CAGR Growth, Projected to Reach USD 4.73 billion by 2033

The gas separation membrane market share is expected to have a market share of USD 4.73 billion by 2033 while it is likely to be valued at USD 2.34 billion in 2023. The market is anticipated to expand its roots at a steady CAGR of 7.3% between 2023 and 2033.

The growing awareness around the hazardous health effects of gases coupled with expanding urban settings is flourishing the market growth. Furthermore, the changing environment due to rising air and water pollution is pushing end users to adopt products for gas and impurity elimination.
Stringent government policies are pushing authorities to use gas separation membranes for water purification, and the elimination of extra gases. Also, the transforming chemical industry with high demand for gases like oxygen and nitrogen is pushing the sales of the gas separation membrane.
A key source of revenue is generated through chemical procedures that include nitrogen separation from oxygen and other processes. Some basic chemical applications of these separation membranes are the removal of N2 and CO2 gases.
The complex procedures are made easy through these membranes as they provide pure gas out of the gaseous mixture. For example, hydrogen recovery from nitrogen.

Key Points

The United States market leads the gas separation membrane market in terms of market share in North America. The United States region held a market share of 17.2% in 2022. The growth in this region is attributed to the rising awareness, restoration of the food and beverage industry, and stringent government policies.
The United Kingdom’s gas separation membrane market is another significant market in the European region. The market thrives at a CAGR of 5.8% between 2023 and 2033. The growth is attributed to the increased consumption of gases like N2 and CO2 for chemical research and development along with its use in the pharmaceutical industry.
The Chinese gas separation membrane market is anticipated to thrive at an average CAGR of 8.4% during the forecast period. The growth is owing to the huge population, higher consumption, and people installing products to clean the surroundings such as air purifiers.
The nitrogen removal segment leads the application type segment as it holds a market share of 22.9% in 2023. It is the top segment as there is a high demand for nitrogen from food and beverages, and the pharmaceutical industry.
The petrochemical and oil & gas segment consumes the utmost gas separation membrane as end-users. It holds a global share of 27.5% in 2023. The growth is attributed to increased consumption and the requirement for filtration products.

To Gain More Insights about this Research, Visit!

Competitive Landscape

The key vendors work on making the product 100% effectivity in filtration and cleaning the adulterated product. Furthermore, the focus is also on government tenders. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Developments

Schlumberger Ltd introduced its Apura gas separation membrane that does the natural gas sweetening via H2S H2O, and bulk CO2 removal.
Air Products and Chemicals Inc. introduced the PRISM membrane separator for a wide range of applications. Such as marine, aerospace, offshore drilling, food, and beverage.

Key Players

Air Products and Chemicals Inc.
Air Liquide Advanced Separations LLC
UBE Industries Ltd
Schlumberger Ltd
Fujifilm Manufacturing Europe B.V
Parker-Hannifin Corporation
Membrane Technology and Research Inc
DIC Corporation
Honeywell International (Honeywell UOP)
Evonik Industries
Mahler AGS
Atlas Copco AB
GENERON LLC
GRASYS JSC
GMT Membrantechnik GmbH

Market Segmentation

By Material Type:

Polymeric Membrane
Inorganic Membrane
Metallic Membrane

By Construction Type:

Hollow Fiber Module
Spiral Wound Module
Plate & Frame Module

By Application:

Nitrogen Separation
Oxygen Separation
Acid gas Separation
Hydrogen Separation
Methane Separation
Carbon Dioxide Separation
Olefin – Paraffin Separation

By End-use Industry:

Chemical
Petrochemical and Oil & Gas
Food and Beverages
Power Generation
Pharmaceutical
Pollution Control
Others

Old Study: https://www.openpr.com/news/3195187/gas-separation-membrane-market-set-to-reach-us-4-73-billion

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.

Aircraft Cleaning Chemicals Market Set to Reach USD 3774.17 million by 2032, Driven by Rising Air Travel Demand

According to Future Market Insights estimates, the North American aircraft cleaning chemicals market demand is predicted to reach a market valuation of USD 1,875 Million by the end of 2022. During the forecast period of 2022 to 2032, the North American market is expected to grow with a steady CAGR of 4% and hence reach a market value worth USD 3,255.5 Million by 2032.

North America presently has the biggest economy for aircraft cleaning chemicals, according to research by Future Market Insights. Sales of aircraft cleaning chemicals are anticipated to soar during the projection timeframe in North America due to rapid technological advancement in the aviation sector and aggressive government actions to maintain a sanitary environment in the aircraft.

According to data from aviationbenefits.org, the GDP of North America is boosted by air travel by close to US$ 1.1 trillion. In addition, the aviation sector in North America accommodates the greatest number of both local and foreign travelers. Additionally, ammonia-free aviation cleaner spray is readily available and penetrates fast to lift as well as dissolve dirt deposits, smoke films, greasy stains, fingerprints, and other contaminants off the glass surface. Such factors are further expected to propel the growth in the North American region.

However, the market rebound in Asia, China, and the MEA is expected to cause North America to lose a sizable share of the market in aircraft cleaning chemicals by the end of 2029. As Asia has become a major hub for air travel and is predicted to hold its own over the next ten years, the market in North America is expected to lose some significant market share in the coming years.

To Gain More Insights about this Research, Visit!

Key Takeaways

The North American market for aircraft cleaning chemicals was estimated to hold a market valuation of US$ 1,655 Million in 2022.
Globally, the North American market will occupy a 36% share in 2022.
By product type, dry wash cleaning is expected to occupy 38% of the shares in 2022.
By formulation, water-based cleaners are mostly preferred by experts.
By end-use, civil aircraft are expected to acquire 51% of the shares in the North American market.

Competitive Landscape

The key players present in the North American aircraft cleaning chemicals market are

PPG Industries Inc.
Illinois Tool Works Inc.
Callington Haven Pty Ltd.
Mcgean-Rohco Inc.
Arrow Solutions
Nuvite Chemical Compounds
Rx Marine International
Roovel Solutions Pvt. Ltd.
Ecosterile Environmental Technologies Pvt. Ltd
Anu Enterprises
RPM Technology, LLC
Alglas United Kingdom
DASIC International Ltd & DASIC International Aerospace Ltd

The primary companies are concentrating on creating items that support strong health as well as a new aspect of safety, which is creating formulae for non-flammable products. These have a mild odor and are quite inexpensive as a whole. In addition, the recently produced product offers less chemical evaporation, which further boosts the product’s effectiveness.

Recent Developments

In October 2022, Nuvite released SS9-3, a ground-breaking solution that satisfies CSD1, D AMS 1526C, and D6-17487 criteria and is approved for both general and exterior aviation cleaning. This cleanser’s alkaline base makes it an ideal aircraft cleaning solution for all kinds of surfaces- gloss, satin, and matte.
PPG stated in September 2022 that it would exhibit its new color simulation tool and shed paint color pallet at the 2022 Shed Builder Expo. The PPG AQUACRON color palette for the coatings, which was just introduced, is one of the first to be created utilizing customer choice and shed manufacturers’ suggestions.

Aircraft Cleaning Chemicals Market Segment

By Product Type:

Exterior
- Dry & Wet Wipes
- Dry wash Cleaning
- Wet Wash Cleaning
- Degreasers
- Exhaust & Soot removers
- Polishes
Interior
- Equipment Cleaning
- In Flight Wipes
- Glass Cleaners
- Air Fresheners
- Leather Cleaner
- Carpet Cleaner
- lavatory Cleaner
- Disinfectant
- Insecticides

By Formulation:

Water Based
Solvent-based
- Synthetic
- Bio-Based
Wax Based

By End Use:

Civil Aircraft
Commercial/Cargo Based Aviation
Military

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Old Study: https://www.globenewswire.com/en/news-release/2022/02/17/2387476/0/en/Aircraft-Cleaning-Chemicals-Market-estimated-to-reach-US-3-339-6-Mn-by-the-end-of-2029-Comprehensive-Research-Report-by-FMI.html

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 5,000 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.

Rapid Urbanization Fuels Soil Stabilization Material Market Growth: Valuation Expected to Surge to USD 40,025.23 million in 2033

Rapid infrastructure development and urbanization are major contributors, as nations engage in constructing structures, roads, and highways that require sturdy foundations made of these materials.

The global soil stabilization material market demand for soil stabilization material is anticipated to garner a 6.60% CAGR over the course of the forecast period, reaching a value of USD 40,025.23 million by 2033. In 2022, it was estimated that the market was worth USD 19,803.30 million. The industry is projected to be valued at USD 21,123.30 million by the end of 2023.

The market is also greatly impacted by the increasing focus on environmental sustainability at the same time. With the rise of global ecological initiatives and legislation, soil stabilizing materials that lessen environmental effect and encourage responsible land use are becoming more and more important.

Technological developments are also a major factor in the market’s expansion. New developments in soil stabilizing materials, like sophisticated polymers and environmentally friendly additives, increase their efficacy and adaptability and offer more sustainable and productive solutions. This complies with strict environmental rules and meets the changing needs of the agriculture and construction industries.

Key Takeaways from the Market Analysis

Throughout the projected period, the soil stabilization material market in the United States is projected to expand at a 7.80% CAGR.
The United Kingdom market for soil stabilization materials is estimated to rise at a 5.50% CAGR between 2023 and 2033.
The soil stabilization material market in Germany will likely increase at a rate of 5.60% CAGR.
As of 2023, the soil stabilization material market in China is projected to flourish at a CAGR of 7%.
Throughout the forecast period, the soil stabilization material market in India is anticipated to develop at a rate of 7.10% CAGR.
By 2023, the minerals and stabilizers category is projected to reach 61.4% of the market share.
The industrial sector is projected to gain 47% of the global market in 2023.

“The need for ecologically friendly soil stabilization materials is driven by the global trend towards eco-friendly practices as well as reduced environmental impact in building and agriculture,” remarks Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Browse the Complete Report!

Competitive Landscape

Many important companies are expanding into new markets and forming strategic partnerships. They collaborate with local building firms, authorities, and other pertinent entities to create a presence in regions seeing a surge in infrastructure development. These partnerships improve market position by giving key players in the global soil stabilization materials sector access to new client bases and encouraging information sharing.

Key Developments

Graymont declared in 2023 that it has signed a deal to buy Compact Energy, a large lime processing facility strategically positioned in Banting, Selangor, Malaysia, near Port Klang, the main container port in the country. The deal is expected to close in the fourth quarter of 2023.
In 2021, Caterpillar unveiled the RM400 rotary mixer, an enhanced and more advanced model of the RM300 rotary mixer. Numerous new features and enhancements are included, such as 19% greater power, a more sophisticated working environment, and improved mobility. These qualities enable contractors to fulfill stringent requirements in full-depth reclamation as well as soil stabilization applications.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global soil stabilization material market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the global soil stabilization material market, the market is segmented on the basis of material type (polymers, minerals & stabilizing agents, portland cements), applications (industrial, roads, runways, landfills, non-agriculture) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, The Middle East & Africa).

Report Scope

Attribute	Details
Projected market value in 2023	USD 21,123.30 million
Projected market value in 2033	USD 40,025.23 million
Forecast CAGR from 2023 to 2033	6.60%
Forecast period	2023 to 2033
Historical period	2018 to 2022
Market analysis	Value in US$ million
Key regions covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Key countries profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic	Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key market segments	Material Type Application Region
Key companies profiled	Graymont Limited Carmuse Low & Bonar PLC Tensar Corporation, Boral Limited Adelaide Brighton Limited Sibelco Australia Ltd. Thrace Group

About the Chemicals and Materials Division at Future Market Insights

The chemicals and materials domain at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube