Market Research Blog – Page 1271 – New Product Development

Insect Protein Industry Expected to Grow to USD 3.1 Billion by 2033, Says Future Market Insights Inc.

From 2023 to 2033, the insect protein market (Marché des protéines d’insectes) is projected to accelerate at a CAGR of 17.7% from its 2023 value of USD 602.3 million. By 2033, there is going to be USD 3.1 billion global market.

Over the projected period, the demand for insect protein is anticipated to increase due to rising consumer awareness of the consumption of nutrient-dense food products and rising customer preference for a healthy lifestyle.

Thriving Applications and High Protein Content in Insects Insect Protein Need is Increasing

The demand for wholesome food products has grown as a result of rising health consciousness among customers throughout the world. As a result, manufacturers in a variety of industries now have the opportunity to sell such food items.

Consumers today place a premium on natural products and pay attention to the components in their food as well as how it is produced and where it comes from. Some of the main factors anticipated to boost insect protein market expansion throughout the projected period include rising expenditure on functional food products, an increase in the number of sports and gym enthusiasts, and consumers searching for healthy and sustainable food options.

High Costs Limit Market Expansion

Due to its functional, environmental, and nutritional advantages, insect protein is one of the distinctive and innovative animal feed proteins. High costs, regulations, and constrained production capacity continue to be the key barriers to progress of the insect protein market.

The equipment and processes needed to create insect-based proteins need to be optimised for large-scale manufacturing because they are currently expensive. Although many consumers are priced out of this market, few consumers are willing to pay higher rates for the health and environmental advantages of protein derived from insects.

Regional Outlook

Developing Product Demand for Human Consumption May Cause Europe to Exhibit a Strong Growth.

The lion’s share of the revenue came from the European continent. For uses in the food and beverage sector, animal nutrition, and personal care, insect protein is more widely accepted by consumers in the European insect protein market.

Demand is anticipated to increase in the European market as a result of the recent approval of insect protein for feed, especially that for pigs and poultry. The market is anticipated to grow significantly over the forecast period due to the high demand for insect protein from industrialised nations like France, Germany, and the United Kingdom.

The revenue was largely from North America. The market is projected to be a significant market because consumers are becoming more conscious of the use of insect-based products and have a greater need for food products that are nutrient-dense.

Due to Mexico and Canada’s substantial growth potential for new companies and product launches, the insect protein market is likely to grow throughout the projected period.

Thorough Market Evaluation: Full Report

Key Takeaways

With a CAGR of 20.6% and an expected market size of US$ 1.1 billion in 2033, the insect protein market in the United States is expected to grow rapidly over the projected period.
With a strong CAGR of 11.9% and an expected market size of US$ 129 million in 2033, the Chinese market is expected to grow throughout the course of the estimated period.
In 2033, it is expected that the Japan market would generate US$ 61.7 million and grow at a 9.5% CAGR.
With a CAGR of 23.6% throughout the projection period, it is anticipated that the United Kingdom market would grow quickly, reaching US$ 300.8 million in 2033.
The insect protein market in South Korea is predicted to expand at a CAGR of 9.8% over the predicted time period and could reach US$ 35.5 million in 2033.
Powder is anticipated to expand at a CAGR of 15.4% over the anticipated time frame in the form category.
The insect type category’s Caterpillars sector could have a CAGR of 21.8% from 2023 to 2033.

Competitive Landscape

With numerous large- and small-scale manufacturers present, the market is competitive and concentrated. The leading market participants include Aspire Food Group Protifarm, EntomoFarms, Chapul Cricket Protein, Jimini’s, Swarm Nutrition GmbH, EnviroFlight LLC, AgriProtein Holdings Ltd. nsect, Hexafly, Innovafeed, and Protix. To meet the demand on a global scale, these major firms are concentrating on increasing their manufacturing capacity.

Recent Development

· Partnership – To Expand Its Insect Protein Industry

Archer Daniels Midland Company and Innova Feed announced a partnership in November 2020. The partnership was formed in order to grow its insect protein business by developing a new facility in Illinois, the U.S., with a target capacity of 60,000 tonnes of insect protein annually.

Key Segments

Insect Type:

Beetles
Caterpillars
Bees, Wasps, and Ants
Grasshoppers, Locusts, and Crickets
Others

Form:

Whole Insect
Powder

Application:

Food & Beverages
- Animal Nutrition
- Aquafeed
- Pet Food
- Poultry Feed
Pharmaceuticals & Cosmetics

Region:

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

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:

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

Winter Wear Market Set to Reach USD 490 Billion by 2033: Fusion of Style and Functionality Drives Demand and Growth

The winter wear market is projected to be valued at USD 330 billion in 2023, with an expected increase to USD 490 billion by 2033, growing at a CAGR of 4% during the forecast period. The fusion of style and functionality in winter apparel is drawing the attention of fashion-forward consumers. Designers are reinventing traditional winter clothing, creating stylish outerwear that goes beyond seasonal use, attracting a broader audience looking for trendy and versatile options.

The winter wear market presents a wealth of opportunities for growth and innovation. By staying attuned to emerging trends and creating products that meet the changing demands of consumers, brands can achieve remarkable success in this expanding industry.

One of the key areas of untapped potential lies in customization and personalization. Offering tailor-made options enables brands to connect with customers on a deeper level, providing choices in colors, designs, and fit. This personalized approach not only enhances the customer experience but also sets brands apart from competitors, fostering stronger brand loyalty and market differentiation.

Understanding the winter wear market

Understanding the winter wear market is essential for brands looking to thrive in this dynamic industry. It encompasses a wide range of products designed to protect consumers from cold weather, including coats, jackets, thermal wear, and accessories. Key factors driving the market include seasonal demand, advancements in material technology, and shifting consumer preferences toward stylish yet functional apparel.

Brands that tap into the growing demand for sustainable, weather-resistant, and customizable winter wear can gain a competitive edge. Personalization, eco-friendly fabrics, and versatile designs that cater to both performance and fashion-conscious consumers are increasingly shaping the future of the market.

How Key Players Are Revolutionizing the Manufacturing of Winter Wear?

Sustainable Materials: Many brands are incorporating eco-friendly fabrics such as recycled polyester, organic cotton, and plant-based insulation. These materials not only reduce environmental impact but also appeal to environmentally conscious consumers.
Advanced Thermal Technologies: Companies are integrating cutting-edge technologies, such as phase-change materials (PCMs) and infrared heating, to create garments that regulate body temperature more effectively, providing enhanced warmth without added bulk.
Customization and Personalization: Offering tailored winter wear options with customizable colors, fits, and designs has become a way for brands to connect with customers on a personal level. This strategy allows consumers to express their individual style while meeting functional needs.
Durability and Performance: High-performance fabrics like Gore-Tex, water-repellent finishes, and windproof materials are being used to ensure winter wear can withstand harsh conditions. These enhancements improve product longevity and offer consumers greater value for their investment.
Ethical Production Practices: Ethical and fair-trade manufacturing practices are gaining traction as consumers increasingly prioritize brands that uphold worker welfare and transparent supply chains. Key players are focusing on responsible sourcing and production methods to enhance their brand image.

Competitive Landscape

Key Competitive Factors:

Product Innovation: Leading companies are continuously innovating by introducing thermal technologies, lightweight insulation, and smart fabrics. These advancements help brands differentiate themselves in a crowded market.
Sustainability Initiatives: Many key players are emphasizing eco-friendly materials such as recycled fabrics and sustainable down alternatives, appealing to environmentally conscious consumers.
Customization and Personalization: Custom-made products, including personalized fits, colors, and designs, are being offered by top brands to create a unique shopping experience, giving them a competitive edge.
Brand Loyalty and Marketing: Companies like Patagonia, The North Face, and Columbia are investing heavily in brand loyalty programs, influencer partnerships, and social media engagement to attract a broader customer base.
Distribution Channels: Online retail is becoming a dominant force, with key players optimizing e-commerce platforms and direct-to-consumer strategies alongside traditional retail outlets.

Leading Companies:

Patagonia: Known for sustainability and outdoor performance, Patagonia leads with eco-conscious designs and innovative recycling programs.
The North Face: A global leader in outdoor apparel, The North Face excels in high-performance gear with a focus on extreme weather conditions.
Columbia Sportswear: Offering a wide range of affordable winter wear with cutting-edge technology like Omni-Heat, Columbia is a key player in the mass-market segment.
Canada Goose: A luxury brand, Canada Goose is recognized for premium, high-performance jackets and coats tailored for arctic climates.
Uniqlo: Known for its affordable and functional winter wear, Uniqlo focuses on minimalist designs with technological fabrics like Heattech.

Key Segments Profiled in this Industry:

By Product Type:

Jackets/Coats
Sweaters/ Cardigans
Scarves, Shawls & Wraps
Sweatshirts & Hoodies
Hats, Caps, & Gloves
Others

By Material Type:

Cotton
Wool
Velvet
Fur
Leather
Others

By Consumer Orientation:

Men’s Winter Wear
Women’s Winter Wear
Kids’ Winter Wear

By Size:

Small
Medium
XL
Double XL

By Sales Channel:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Multi-Brand stores
Exclusive Stores
Online Retailers
Others Sales Channel

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & Africa

More Insights Available

Future Market Insights offers an unbiased analysis of the winter wear market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the winter wear market, the report is segmented on the basis of product type (jackets/coats, sweaters/ cardigans, scarves, shawls & wraps, sweatshirts & hoodies, hats, caps, & gloves, and others), material type (cotton, wool, velvet, fur, leather and others), consumer orientation (men’s winter wear, women’s winter wear and kids winter wear), size (small, medium, XL and double XL), sales channel (hypermarkets/supermarkets, convenience stores, specialty stores, multi-brand stores, exclusive stores, online retailers and others sales channel), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and 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 ~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

Cooling Trends: The Expanding Market for Cooling Fans Through 2032

According to Future Market Insights, the global cooling fans market is projected to grow at a CAGR of approximately 10.4% from 2022 to 2032, reaching an estimated valuation of around USD 21.2 billion by the end of the period. The rapid expansion of industries such as consumer electronics, automotive, and telecom is a significant driver of global demand for cooling fans.

Similarly, the market is anticipated to expand quickly during the forecast period as a result of a many recent trends, including an increase in demand for cutting-edge technology, growing demand for hybrid electric vehicles, rapid penetration of industrialization, ongoing investment in R&D, an increase in demand for high-efficiency products in the manufacturing market.

Cooling fans have become essential equipment for numerous industries as they help to cool down machinery during functioning. These fans remove heat from systems and thus minimize the risk of damage to components due to excessive heating.

Rising production and sales of vehicles across the globe will play a key role in boosting the global cooling fans market during the forecast period. Automotive manufacturers are installing efficient cooling fans in their vehicles as they take away all heat absorbed from the engine using coolant.

Most of the cooling sales remain concentrated in the industrial segment. However, other sectors like consumer electronics, telecom, and automotive will also help the cooling fans market to thrive at a stupendous growth rate during the projection period.

According to the report, key market participants are anticipated to concentrate on product penetration in regions like South Asia and Latin America. By integrating environmentally friendly raw materials in their production, cooling fan manufacturers are diverting their attention to sustainability concerns.

Key Takeaways from the Cooling Fans Market Study

By type, centrifugal cooling fans segment is anticipated to grow at 5.4% CAGR through 2032.
In terms of application, industrial segment holds the largest share of 37.2% in the global cooling fans market.
Based on sales channel, the online retailing segment is forecast to grow at a CAGR of 15.5% over the projection period
North America and Europe together hold the major share of around 52.2% in the global cooling fans market.
The U.S. cooling fans market is projected to expand at 5.7% CAGR between 2022 and 2032.
The overall cooling fans market in Japan is likely to grow at 9.2% CAGR during the forecast period.

Competitive Landscape

Key players in the market are concentrating on new product launches and mergers and acquisitions to enhance their global presence and secure a larger revenue share. To meet the growing demand for online clothing rentals, manufacturers are focusing on acquiring local companies. These strategies aim to expand product lines and introduce innovative offerings within their portfolios.

For instance:

In 2022, AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices completed the acquisition of Navitar, Inc. and RTDS Technologies Inc.
In 2021, Series PFB-E & GFB-E cooling fans were launched by Delta for the server architectures and power modules.
In March 2022, DENSO Products and Services Americas, Inc., showcased its new EdgeCool system for cooling rack-mounted computer servers.

Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com

Global Cooling Fans Industry by Category

By Type:

Axial Fans
Centrifugal Fans
Others

By Application:

Consumer Electronics
Telecom/Datacom
Automotive and Transportation
Industrial
Others

By Sales Channel:

Direct Sales
Specialty Stores
Multi-brand Stores
Online Retailing
Others

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Global Citrus Pectin Market Set to Reach USD 191.7 Billion by 2033, According to FMI Report

The global citrus pectin market is anticipated to reach a valuation of USD 635.5 million in 2023, driven by clean-label and plant-based trends. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 4.8% between 2023 and 2033. It is estimated to gain a valuation of approximately USD 1,080.3 million by 2033.

Pectin is mainly used in sweets such as jellies, jams, and marmalade. Industry players have developed pectin suitable for various purposes as technology has evolved. For example, GENU Pectin by CP Kelco is gaining prominence in the personal care and cosmetics industries as an organic skin feel stabilizer, assist, and pH-balancing component.

Citrus pectin, when utilized as an ingredient in such products, maybe a healthy choice that promotes growth. A growing number of diet-conscious clients are looking for ways to cut fat and calories. Citrus pectin-induced meals are an excellent choice for this demographic. The increasing need for citrus pectin within the baking and confectionery sectors is expected to drive market growth during the forecast period. Pectin is used as a fat or sugar alternative in low-calorie recipes and bakery preserves.

Citrus pectin is in high demand in the confectionery industry because it provides jellies and jams with a gel-like consistency while imparting a pleasant taste to the meals. Citrus pectin can improve confectionary foods’ texture, color, and shelf life.

Key Takeaways from the Market Study

Historically, the citrus pectin market increased at a CAGR of 4% from 2018 to 2022.
The United States is expected to take over 23.7% of the citrus pectin market in 2023.
China is expected to control 12.1% of the global citrus pectin market by 2023.
By 2023, Japan’s citrus pectin market will account for 4.5% of the worldwide market.
The citrus pectin market in France is expected to grow by 5.3% by 2023.
The citrus pectin market in the United Kingdom is predicted to grow to 5.8% by 2023.
High-methoxyl pectin accounts for more than half of the worldwide citrus pectin market.
The grapefruit category is expected to grow at an 8.4% CAGR during the next ten years to come.

“The market will see growth during the projected period owing to the rising consumer preferences towards clean-label, plant-based, organic and vegan food products,” says Nandini Roy Choudhury, Client Partner at Future Market Insights. .

Competitive Landscape

Prominent players in the citrus pectin market are:

Fiber Star
Cargill, Inc.
DuPont
Ceamsa
Naturex, SA
CP Kelco
Yantai Andre Pactin Co. Ltd.
Herbstreith & Fox KG Pektin-Fabriken
Herbafood Ingredients GmbH
Silvateam S.pa.
Florida Food Products, Inc.
Lucid Colloids Ltd.

Product Portfolio

Under the GENU® brand, CP Kelco sells a number of pectin products, particularly citrus pectin. These pectins are found in a variety of food and beverage applications, such as dairy products, fruit spreads, and bread goods.
CitriTex® citrus pectin products from Cargill are developed for gelling as well as thickening uses in the food and beverage industries. It is well-known for its gelling qualities and is utilized in jellies, jams, and fruit preparations.
Citrus pectin products from DuPont’s GRINDSTED® pectin line are appropriate for a variety of culinary applications. These pectins are used to gel and stabilize goods like fruit spreads, dairy treats, and confectionery products.

More Valuable Insights Available

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

To understand opportunities in the citrus pectin market, the market is segmented on the basis of product type (high methoxyl pectin, low methoxyl pectin), source (oranges, tangerines/ mandarins, grapefruit, lemon and lime), application (jams & jellies, beverages, bakery fillings & toppings, dairy products & frozen desserts, confectionery, meat & poultry, dietary supplements, functional food, pharmaceutical, personal care & cosmetics, others), and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

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Segmentation Analysis of the Citrus Pectin Market

By Product Type:

High Methoxyl Pectin
Low Methoxyl Pectin

By Source:

Oranges
Tangerines/Mandarins
Grapefruit
Lemon and Lime

By Application:

Jams & Jellies
Beverages
Bakery Fillings & Toppings
Dairy Products & Frozen Desserts
Confectionery
Meat & Poultry
Dietary Supplements
Functional Food
Pharmaceutical
Personal Care & Cosmetics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Meat Alternatives Market Set to Hit USD 299 Billion by 2034 with Surge in Plant-Based Proteins: FMI

The meat alternative market (Marché des substituts de viande) is expected to rise from USD 18.8 billion in 2024 to USD 299 billion by 2034. This period is marked by staggering growth of 28.8% CAGR, driven by robust FDIs by foreign companies in emerging countries with expansive availability of sources and raw materials to develop alternatives to meat.

Sales of meat mimicry products are ascending at a rapid speed, as consumers are becoming aware of the health risks posed by eating certain meats in excessive quantities. Along with this, people are becoming aware about the different healthy and sustainable foods that are available in the marketplace and can effectively replace meat in consistency, taste, and flavor. Thus, making this transition quite smooth.

The growing number of vegans and flexitarians is another vital factor that is predicted to fuel the market growth. Additionally, government bodies across numerous countries are endorsing the consumption of meat alternatives, owing to the health benefits offered by these products.

Market players are making their contribution by introducing new varieties of meat alternatives to meet the growing demand for healthy and tasty products that replace the role of meat in a dish and provide a similar high protein nutritional value.

Key Takeaways from the Meat Alternative Market Study

Increasing vegan population tracked in various countries, such as the United States and the United Kingdom, is driving the market for meat alternatives.
The market in the United States is expected to grow at a CAGR of 10.3% over the forecast period.
The market in the United Kingdom is anticipated to expand at a CAGR of 8.1% through 2034.
Augmented demand for plant-based protein foods, predominantly in the United States, France, Germany, and the United Kingdom.
Based on the Source, the tofu is expected to account for a market share of 14.2% in 2024.

“Key players are competing on price and eCommerce accessibility to increase their product sales. Additionally, to capture the hesitant consumers, players are experimenting to develop unique flavors influenced by local cuisines,” says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Several top market players are concentrating on providing meat alternatives at a competitive price by lowering their production costs. Prominent players of meat alternatives are investing in research and development activities to produce organic, non-GMO products from meat alternative. Various hotel chains and restaurants are also partnering directly with manufacturers or growers of meat alternatives for sourcing of high-quality products to be used in their dishes.

Meat alternative manufacturers such as Impossible Foods, Benson Hill, Meati, Beyond Meat, Good Catch, Motif FoodWorks, Good Dot, Nature’s Fynd, Evo Foods, Mister Veg, Greenest, Vezley, Wakao, and Imagine Meats, among others, are employing multiple marketing strategies such as geographical expansion, new product launches, partnerships and collaboration, and merger and acquisitions to identify the interest of potential buyers and create a larger customer base.

Exhaustive Market Report: A Complete Study

Key Companies in the Meat Alternative Market

Beyond Meat
Amy’s Kitchen
MorningStar Farms
Tofurky
Field Roast
VBites
Maple Leaf Foods
Kellogg
Pinnacle Foods

Key Market Segmentation

By Type:

Patties
Hotdogs
Sausages
Meatballs
Others

By Nature:

Organic
Conventional

By Source Type:

Seitan or Wheat gluten
Tofu
Quorn
Risofu
Tempeh
Algae/ Mycoprotein
Insects
Textured Vegetable Protein
Fermented proteins
Fish Protein
Cultured or ‘clean’ meat
Others (Yaso, Nato and Miso)

By Application:

Frozen Food
Bakeries
Pet Food
Supplements
Others

By Distribution Channel:

Supermarkets
Departmental Store
Modern Trade
Food Chain Services
Online Stores
Others

By Region:

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

About Future Market Insights (FMI)

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Global Nucleotide Market Trends and Predictions: A Comprehensive Forecast to 2031

According to recently released data from the nucleotides market study, the global demand for all nucleotides increased by 5.8% annually in 2021 to reach US$ 559.9 Mn, and it is anticipated to increase by 6.1% annually over the forecasted period.

The market will considerably gain from the increasing scope of application in food and beverages industry and pharmaceuticals sector. The rising awareness among consumers about the adverse health impacts of savoury ingredients is tipping scales in favour of nucleotide-based flavour enhancers. In the coming years, therefore, the market will report strong growth, driven by the increasing applications across diverse sectors.

It includes in-depth insights into the nucleotide market. Some of these are:

The estimated value of the market was at US$ 501.1 Mn in 2021. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, North America has emerged as a key market for nucleotide.
In addition to this, Europe is expected to remain steady as key markets for nucleotide.
Among key technologies used in the market, TaqMan allelic discrimination is identified as the most sought-after technology.
Key players are likely to focus on product innovations to stay relevant in developed markets.

“The increasing scope of application of nucleotide, especially in nutraceutical products will aid the market’s expansion. As a result of high demand for nutritive food products, developed regions will emerge as key market places in the nucleotide market,” said a lead analyst at FMI.

Rising Use of Nucleotide to Offer Better Nutrition in Food will Boost Growth

The use of nucleotide in various food products to offer better nutrition has considerably increased in the last few years. Nucleotide often helps in conditions such as stress or poor diet by optimizing immune system functions. The rising awareness about the benefits of the product will result in higher adoption across the world. According to studies, the persistently rising demand for food fortification creates growth opportunities for the market.

The steadily surging prevalence of nutrient deficiency and malnutrition around the world are two leading causes fuelling the demand for nucleotide. To cater to the rising demand, manufacturers are therefore coming up with nucleotide premixes that ensure better health benefits. These strategies adopted by the market players are bolstering growth opportunities for the market.

Who is Winning?

Some of the leading players operating in the nucleotide market are CJ CheilJedang Corporation, Star Lake Bioscience Co., Inc, ThermoFisher Scientific Inc., F. Hoffmann-La Roche Ltd, Promega Corporation, Agilent Technologies Inc., NuEra Nutrition, Meihua Group, Biorigin, DSM Nutritional Products Ltd., Affymetrix Inc., Lallemand Inc., Nanjing BioTogether Co., Ltd., and Ohly GmbH.mention the leading companies).

As a result of increasing competition, nucleotide manufacturers are focusing on innovation and product development. Several new players are focusing on product launches in food and dietary supplements segments.

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Get Valuable Insights into Nucleotide Market

By Technology:

TaqMan allelic discrimination
SNP by pyrosequencing
Gene chips & microarrays
Others

By Application:

Food & beverage additive
Animal feed additive
Pharmaceuticals
Diagnostics research
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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.

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Processed Beef Market Value Set to Surpass USD 314.5 Billion by 2033, FMI Report Shows

The Processed Beef market refers to the global industry involved in the production, distribution, and consumption of various processed beef products. Processed beef refers to meat that has undergone specific treatments, such as curing, smoking, canning, or other methods, to improve its shelf life, taste, and convenience for consumers. These products can range from canned beef and beef jerky to sausages, deli meats, and frozen beef burgers.

By 2033, the processed beef market is expected to account for about USD 314.5 billion, up from a market share of USD 133.4 billion in 2023. This is anticipated to increase market share and post a 9% CAGR between 2023 and 2033.

In the global food and beverage industry, innovation and new product creation are based on strong natural, health, and sustainability credentials. Products manufactured with healthier components and labeled with assurances of little processing or demonstrable health advantages from natural ingredients appeal to consumers, particularly in developed economies with higher income and an aging population. In reaction to this trend, of start-ups and established companies alike within the processed beef market are focusing on innovations.

Furthermore, the health halo surrounding plant-based components and goods, as well as consumer demand for natural and plant-based products might have a negative influence on processed beef sales. While people are becoming more informed and savvy about their food choices, they are increasingly opting for chemical-free meals such as organic processed beef. As a result, customer preference for natural and organic processed beef is on the rise.

Key Takeaways from the Processed Beef Market Study:

North America processed beef market leads the global market, accounting for 31.9% of overall processed beef sales in 2021.
Chilled processed beef will remain in high demand. It accounted for a share of 79.2% in the global market in 2021.
Based on nature, demand for organic processed beef will grow at a CAGR of 9.2% during the forecast period (2021-2031).
In terms of buyer type, household and residential segment accounted for 57.5% of the market share in 2021.
Among sales channel, sales via supermarket/hypermarket is anticipated to grow at a CAGR of 6.3% during the forecast period.

“The top competitors in the processed beef market are introducing novel technologies to facilitate the production of processed beef with enhanced shelf life, texture, and flavor. Besides this, some are expanding their footprint in emerging nations to gain competitive edge,” said a lead FMI analyst.

Convenience Offered by Processed Beef is the Key Factor Driving Sales

The increasing income of consumers has fueled demand for processed beef products. Furthermore, consumers choose convenient foods that do not require additional time for cooking or preparation due to the hectic nature of city living. The increasing popularity of ready-to-eat meat is also a major driver of the global processed beef market.

Who is winning?

Some of the leading companies offering processed beef are JBS SA, Hormel food, Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp and others.

In order to gain competitive edge, manufacturers are focusing on making processed beef healthier. Besides this, they are focusing on acquiring international certification to woo consumers from around the world.

Purchase now and delve into the intricacies of each segment.

Get Valuable Insights into the Processed beef Market

By Form

Chilled
Frozen
Shelf Stable

By Nature

Organic
Conventional

By Buyer Type

Food Processor & Manufacturers
HoReCa Sector
Household and Residential Buyers

Sales Channel

Traditional Grocery Stores
Supermarket/Hypermarket
Internet Retailing
Convenience Store
Discounters
Other Sales Channel

By Region

North America
Latin America
Europe
Asia Pacific
Oceania
Middle East & Africa
Japan

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.

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Packaged Coconut Water Market to Skyrocket to USD 6.47 Billion by 2033, Driven by a 20.5% CAGR and Growing Demand for Health-Focused Beverages

The packaged coconut water market is expected to grow from its current value of US$ 1 billion in 2023 to US$ 6.47 billion in 2033 at a CAGR of 20.5% through 2033.

Globally, consumers’ awareness of the advantages of consuming healthy beverages has led to a growth in the demand for coconut water. Coconut water is a rich source of antioxidants and minerals the body needs.

Due to increased investment opportunities and pro-government laws, the market for coconut production is expanding. The growing urbanisation, together with altered dietary habits, is another element that influences the demand for packaged coconut water.

Market Setbacks

The high cost of coconut water is a significant barrier to expanding the packaged water market in many countries, including the U.S. and Canada. The high production costs are hampering the market’s ability to expand. One of the factors that are challenging the market is the ambiguity around claims made by the major corporations that coconut water intake is natural.

Asia Pacific to Positively Impact Packaged Coconut Water Market

Due to the region’s expanding number of coconut plantations, tourism sector, rapid urbanisation, and rising disposable income, demand for bottled coconut water is expected to rise significantly in Asia Pacific, followed by North America and Europe.

Leading market competitors are focusing on delivering online services to packaged coconut water clients.

American countries are predicted to increase the production of coconuts across Brazil and adjacent countries, boosting the overall expansion of the packaged coconut water market across American countries. The demand for health drinks made with coconut water as a foundation, such as agua de coco, is also boosting the packaged coconut water market in the region.

Europe is predicted to see an increase in demand for health drinks and the presence of international corporations bringing fresh brands and products to the region. The launches are centred on the consumers’ diverse taste preferences, and they aim to naturally incorporate flavours into packaged coconut water. Such goods offer significant potential for the overall expansion of the packaged coconut water industry in European countries.

Key Takeaways

American countries are expected to hold the highest market share concerning the packaged coconut water market, as the market value of the coconut water industry was holding over 25% in the year 2023.
Europe is predicted to rise steadily at a CAGR of 17.6% over the forecast period.

Competitive Landscape

Among other domestic and international players, the packaged coconut water market report includes information on Taste Nirvana, Bai, GraceKennedy Group, green coco europe GmbH, COCOJAL, All Market Inc., Amy & Brian Naturals, The Coca-Cola Company, PepsiCo, Dabur, Harmless Harvest, Exotic Superfoods, C2O Pure Coconut Water, LLC, National Beverage Corp., Purity Organic, Phalada Pure & Sure, and others.

Recent Development

Product Launch

Vita COCO successfully replaced the area’s sugar-heavy energy drinks with a sparkling variation of coconut water. Later on, the business unveiled a number of flavour combinations, including pineapple and passion fruit, lemon and lime, and a few others. This product is suitable for use as a drink in cafes and bars.

Key Segments

By Type:

Pure coconut water
Mix coconut water
- Pineapple
- Mango
- Watermelon
- Others

By Nature:

Organic
Conventional

By Packaging:

Plastic bottles
Tetra packs
Cans

By Region:

North America
Asia Pacific
Europe
Middle East Asia
Others

About Future Market Insights (FMI)

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Canned Alcoholic Beverages Market Poised to Reach USD 92.4 Billion by 2034 with an 11% CAGR: Growth Driven by Consumer Demand for Premium, Ready-to-Drink Beverages and Global Expansion

According to a Future Market Insights (FMI) report, the global demand for canned alcoholic beverages was around US$ 17,598.2 Million in 2023 and is projected to exhibit a CAGR growth of 11% over the forecast period. The market is estimated to be valued at US$ 20,411.6 Million in 2024 and projected to surpass US$ 92,401.1 Million by 2034.

Consumers are seeking ready to drink alcoholic beverages which is easy to transport and consume in the current period. Canned alcoholic beverages provide consumers with this facility. Increasing developments such as premium alcohol consumption in which customers are ready to pay more for high-quality canned alcoholic beverages. The rising increasing number of local beers and alcohol are typically viewed as more flavorful and sophisticated than regular hard drinks.

The increasing industrialization worldwide is projected to drive the future of the canned alcoholic beverages market. As more individuals consume alcohol, there is significant opportunities are created for the manufacturers.

A growing need for convenience and a rising number of health-conscious individuals are expected to drive the market for hard seltzers. Low-calorie drinks with natural components are likely to be the most popular among consumers as a result, producers are focusing on launching products with natural ingredients in order to gain popularity in the market in the forecast period.

“The rising R&D activities by can manufacturers such as improving the shapes of cans, the weight of the can, and other factors are also expected to drive the growth of the market. Consumer demand for innovative and handy alcoholic beverages drives the market. The trend toward healthier living has also played a part, as many consumers want lower-calorie options and products made with natural ingredients.” – says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.).

Key Takeaways from the Market Study:

The global canned alcoholic beverages market is estimated to register a CAGR of 11% with a valuation of US$ 92,401.1 Million by 2034.
The United States is anticipated to dominate the global market by registering a 12% CAGR during the forecast period.
With a 13.3% CAGR, China is significantly driving the global market by 2034.
Germany is anticipated to secure a CAGR of 14.7% in the global market during the forecast period.

Competitive Landscape:

In recent years, there has been a surge in investment and collaboration within the industry, with venture capital firms and businesses. These strategic partnerships and financial investments aim to accelerate research and development, scale production, and expand market reach.

Key players have initiated promotional activities to introduce the design and shapes of cans.

Recent Development:

In 2023, Jack Daniel’s & Coca‑Cola RTD introduced canned cocktails. It’s a premixed cocktail.
In 2020, Boston Beer Company launched a new line of hard seltzers called Truly Hard Seltzer Lemonade. These seltzers are made with real lemonade and are available in a variety of flavors.
In 2023, Diageo launched a new line of RTD cocktails called Smirnoff Infusions. These cocktails are made with premium spirits and are available in a variety of flavors.
In 2021, Pernod Ricard has launched a new line of canned cocktails called Malibu Ready to Serve. These cocktails are made with Malibu rum and are available in a variety of flavors.

Key Players Operating in the Global Canned Alcoholic Beverages Market:

Anheuser-Busch InBev
Molson Coors Beverage Company
Diageo
Heineken Holding N.V.
Carlsberg Group
Asahi Group Holdings
Suntory Beverage & Food Limited
Kirin Holdings Company, Limited
SABMiller
Red Bull GmbH

Canned Alcoholic Beverages Market Segmentation Analysis:

By Product Type:

Hard Seltzers
Wine
RTD Cocktails

By Distribution Channel:

Liquor Stores
On-trade
Online

By Region:

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

About Future Market Insights (FMI)

Cocoa Derivatives Market Projected to Reach USD 49.59 Billion by 2033 with a 5.4% CAGR, Fueled by Increasing Demand for Organic and Pesticide-Free Products

Future Market Insights analysts predict the cocoa derivatives market may grow from US$ 29.31 billion in 2023 to more than US$ 49.59 billion by 2033. During the forecast period, the market is expected to register a CAGR of 5.4%.

There is a growing interest in pesticide-free food products, which influences the demand for organically grown cocoa on the global market. As consumers pursue healthier lifestyles, they are inclined to consume safer products.

There has been an increase in the consumption of natural foods that can ease the symptoms of heart disease, blood pressure, diabetes, and cancer due to an increase in cases of heart disease, blood pressure, diabetes, and cancer. Cocoa is packed with antioxidants and has been shown to lower HDL, dilate blood vessels, lower blood pressure, and increase insulin sensitivity. It is also recommended to consume dark chocolate since it contains minimal or no sugar.

Increasingly, confectionery manufacturers are turning to natural alternatives as consumers demand clean-label foods. In response to this demand, Barry Callebaut has developed Bensdorp Clean, a cocoa powder formulated with baking soda instead of alkalizing agents that can be marked as clean. This is driving the cocoa derivatives market.

“A rapidly growing market for organic or sustainable cocoa products, as well as the nutritional content of the product, is expected to drive cocoa derivative market growth. The rising demand for product derivatives is further propelling the industry forward.” – says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The cocoa derivatives market is expected to record a CAGR of 5.4% over the forecast period.
It is estimated that the cocoa derivatives market in Europe may remain strong during the forecast period.
Among the segments, cocoa beans accounted for the leading market share of 7.4% in 2023.
Confectionery segment, which holds 43% of the market share, is expected to generate lucrative revenues in the assessment period and the future.
The United States cocoa derivatives market is expected to thrive at a CAGR of 4.5% over the forecast period.

Competitive Landscape:

In light of the presence of several local and regional competitors, the cocoa industry is fragmented and highly competitive on a global basis. A variety of marketing strategies are used by cocoa derivatives manufacturers, including alliances, acquisitions, mergers, and collaborations. Certification and sustainability are becoming increasingly important for stakeholders in the cocoa derivatives industry.

Recent Developments:

In May 2022, Blommer Chocolate Company and DouxMatok expanded their partnership by launching new chocolate and confectionery coatings.
In March 2020, Nestlé committed to ending cocoa-related deforestation and fostering thriving cocoa-growing communities.
In 2022, Lil’Goodness, a Bangalore-based startup for kid’s food, launched a zero-added prebiotic cocoa powder.
In September 2020, Olam Group Ltd introduced Olam Cocoa. Professionals who bring its premium deZaan cocoa powders to restaurants, caterers, and pastry shops. Designed to meet the demand for cocoa ingredients among professional chefs and bakers, the strategy provides more cocoa ingredients to them.

Some key players supplying cocoa derivatives are

Olam Group Ltd
Indcre SA
Cargill Inc
Natra SA
JB Foods Ltd
Ecuakao Group Ltd
United Cocoa Processor Inc
Barry Callebaut AG
Moner Cocoa SA
BASF SE
Bühler Group
Mondelez International, Inc.
Nestle S.A.
Cocoa Processing Company Limited
Cemoi Group
The Hershey Company
Touton S.A.

Market Segmentation by Category

By Type:

Cocoa Butter
Cocoa Beans
Cocoa Powder
Others

By Category:

Organic
Conventional

By Application:

Food and Beverages
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Beverages
- Others
Personal Care
Others

By Region:

North America
Latin America
Europe
The Middle East and Africa
East Asia

About Future Market Insights (FMI)