Market Research Blog – Page 1283 – New Product Development

Starter Feed Market to Reach USD 54.31 Billion by 2033, Driven by Health Consciousness and Organic Feed Trends

The global starter feed market is predicted to record a CAGR of 5% over the forecast period, according to a recent market research analysis from FMI. The analysis estimates that the market for starting feed is likely to be worth US$ 33.34 billion in 2023 and US$ 54.31 billion by 2033.

The expansion of the global starter feed market is anticipated to be fueled by crucial components like growing consciousness of livestock health, increasing preference for organic and healthy feed products, and growing adoption of starting feed as a viable substitute for traditional feed globally.

Global demand for livestock is also driving up demand for a wide range of starter feeds. Demand for starter feed is expected to be largely driven by meat intake and the rising demand for dietary items made from animals throughout the world in the upcoming years.

Other factors that might support market growth in the future include the soaring acceptance of the process of fermentation in livestock feed and a paradigm shift toward contemporary livestock farming practices.

Ascending per capita income, rising consumption of poultry meat globally, and high investments in the creation of innovative starter feeds are also anticipated to open up market opportunities during the forecast period.

North America currently dominates the starter feed market and is expected to maintain this pattern of dominance over the projected period. The grounds for the dominance are the growing demand for meat and meat products, as well as the increasing understanding among farmers in this region of the health advantages of starter feed.

Key Takeaways

In China, the market is expected to reach a value of US$ 14.18 billion by 2033, expanding at a CAGR of 8.9% during the forecast period.
During the projection period, a CAGR of 2.5% is anticipated for the market in Germany.
During the projection period, a CAGR of 2% is predicted for the market in Japan.
The medicated segment is anticipated to register a 5.4% CAGR to reach US$ 33.04 billion by 2033.

Competitive Landscape:

The top manufacturers of the starter feed market are Archer Daniels Midland Company, Purina Mills LLC, Nutreco N.V., Cargill Incorporated, Roquette Freres S.A., Evonik Industries AG, Charoen Pokphand Foods PLC, Alltech Inc., Associated British Foods Plc., Koninklijke DSM NV, BASF SE, ACI Godrej Agrovet Private Limited and others.

Manufacturers of starter feed are concentrating on creating high-quality, nutritionally balanced solutions to suit farmer expectations and assist the development and well-being of young cattle. To increase sustainability and feed efficiency, they are also introducing innovative technology. As the need for animal protein rises globally, many are extending their global reach through alliances and acquisitions. Additionally, a few businesses are spending money on research and development to produce specialized diets for particular animal species and developmental phases.

Recent Developments:

In January 2023, with the addition of the United States to their current agreement for the research and sale of feed enzymes, BASF and Cargill confirmed their cooperation.
In April 2019, Illinois’ new pioneering animal feed factory was officially launched by Archer Daniels Midland Company.

Starter Feed Market Segmentation

By Type:

Medicated
Non-medicated

By Ingredient:

Wheat
Corn
Soybean
Oats
Barley
Other

By Livestock:

Ruminant
Swine
Poultry
Aquatic
Equine

By Form:

Pellets
Crumbles
Other

By Region:

North America
Latin America
Europe
South Asia
East 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 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

Industrial Margarine Market Set to Surpass USD 4.42 Billion by 2033 Amid Rising Lactose Intolerance and Nutritional Demand

The global industrial margarine market is expected to record a CAGR of 5.1% between 2023 and 2033. In 2023, the market valuation is expected to be at US$ 2.69 billion. By 2033, the figures are expected to surge beyond US$ 4.42 billion.

The world has been witnessing an increase in lactose intolerance cases. The experts believe that nearly 68% of people suffer from lactose intolerance in some way or the other. This presents a huge opportunity in front of the market, as these are not made of milk, and are a rich source of Vitamin D and Vitamin A as well.

There has been an increasing clamor against the consumption of GMO-based food products. Lots of people who have consumed GMO-based products have reported incidents like illness and unease. Apart from that, as these are not naturally processed, the nutritional value is much lower as compared to their organic counterparts. Industrial margarine is a non-GMO-based product. Such factors are expected to surge the demand for industrial margarine during the forecast period.

The Middle East nations are extremely particular when it comes to halal certifications. The industrial margarine and its products are halal certified, which has skyrocketed consumer confidence.

The growing bakery market represents a world of opportunities in front of the industrial margarine sector. The global bakery products market is expected to cross a valuation of US$ 600 billion by 2030. Margarine is used in bakery products, as these act as an emulsifier and also assist in the spreading process.

There is also increased consumption of plant-based food products owing to surging vegans and a surging health consciousness. Industrial margarine does not contain animal fats, and this is expected to massively surge the adoption rate.

Thus, from the insights provided by FMI researchers, it can be inferred that ‘surging cases of lactose intolerance, rising consumption of non-GMO food, mandatory halal certification, and a lot of other factors are expected to surge the industrial margarine market share during the forecast period.’

Key Takeaways:

The market is expected to record a CAGR of 5.1% during the forecast period.
In 2023, the market size is estimated to be US$ 2.69 billion.
By 2033, the figure is expected to surge beyond US$ 4.42 billion.
Based on regional analysis, North America is expected to hold the dominant market share. On the basis of CAGR, Asia Pacific is expected to hold the leading position.
On the basis of type, the spreadable segment is expected to hold the leading market share during the forecast period.
Based on application, the bakery segment is expected to hold the leading market share during the forecast period.

Competitive Landscape

The key players operating in the market are focusing on looking for leaders, who have been a part of the market for decades. Through their expertise, the manufacturers might expand their capabilities. The idea is also to develop strategies to get into meaningful mergers and acquisitions. This is done to expand the market share, and serve new regions. The manufacturers are also developing strategic partnerships with players from other niches to assess their technology. This may also help in knowledge sharing. With a focus all set on sustainable development, the key players are setting strategies that are in tandem with the United Nations’ sustainability goals. Thus, there is an increasing deployment of green practices, like working intensely to reduce carbon emissions.

Key developments in the market:

In December 2022, Bunge decided to invest in a new protein concrete facility in the United States.
In August 2022, Conagra Brands promoted Tracy Schaefer to Chief Information Officer.

Other companies profiled: Associated British Foods, Fuji Oil, Richardson International, Royale Lacroix, Aigremont, Vandemoortele, NMGK Group, EFCO Group, and Wilmar International.

Industrial Margarine Market Segmentation

By Type:

All Purpose
Spreadable
Butter Blend

By Form:

Hard
Soft

By Source:

Plant
Animal

By Application:

Bakery
Spreads
Sauced and Toppings
Confectionary
Convenience Foods
Other Applications

By Region:

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

About Future Market Insights (FMI)

Hydrolyzed Animal Protein Market to Reach USD 838.43 Million by 2033, Growing at a 6.1% CAGR | FMI

The global hydrolyzed animal protein market size is poised for significant growth, projected to reach a valuation of US$ 838.43 million by 2033, from an estimated US$ 463.78 million in 2023. This promising expansion reflects a compound annual growth rate (CAGR) of 6.1% over the forecast period.

Growth Factors Fueling the Market

Hydrolyzed animal protein, produced through the hydrolysis of animal-origin foods, has gained popularity due to its numerous health benefits. As consumer awareness of these benefits increases, so does the demand for hydrolyzed animal protein in diets, particularly within the functional foods and beverages sector.

Several key factors are driving this market growth:

Rising Consumer Awareness and Demand for Functional Foods: Consumers are increasingly seeking nutrient-rich and functional foods, spurred by evolving lifestyles and higher disposable incomes. This trend is particularly pronounced in protein-centric diets, which have significantly boosted the demand for hydrolyzed animal protein in the food and beverage industry.
Expansion in Animal Nutrition and Feed Additives: The animal nutrition and feed additive industries are major contributors to market growth. The increasing number of livestock producers drives the demand for hydrolyzed animal protein, particularly as protein hydrolyzates become more prevalent in sports nutrition and dietary supplements.
Opportunities from the Veganism Trend: Although primarily an animal-derived product, the growing trend towards veganism is expected to create new development opportunities. This trend, combined with the rising demand for plant- and animal-based protein hydrolyzates, supports the market’s expansion.
Innovations in Protein Isolates and Concentrates: The development of various protein isolates and concentrates has led to a broader application of hydrolyzed animal protein in products such as dairy goods, dietary supplements, bakery items, confectionery, and infant formula.

However, the market faces challenges, including high R&D and production costs, and stringent government regulations on the disposal of fish waste. Despite these obstacles, the superior protein content of animal-based sources compared to plant-based counterparts continues to drive market growth.

Historical Market Performance and Future Outlook

Between 2018 and 2022, the hydrolyzed animal protein market grew at a CAGR of 5.1%, rising from US$ 209.92 million to US$ 282.92 million. Looking ahead, the market is expected to maintain its robust growth trajectory, fueled by increasing demand in the pharmaceutical industry, sports nutrition, and dietary supplements.

Regional Insights

North America: The region dominates the global market, thanks to a well-established food industry and advanced processing technologies. The growing popularity of protein-centric diets and functional foods is expected to further drive demand.
Asia Pacific: High market growth is anticipated, driven by an aging population, increased demand for nutritional supplements among pregnant women, and a rising acceptance of protein components due to fitness centers’ promotional efforts.
Europe: The demand for baby formula and weight management products, combined with rising consumer health consciousness, supports market growth. However, high processing costs and competition from plant-based proteins may pose challenges.

Competitive Landscape

Key players in the global hydrolyzed animal protein market include Lactalis Ingredients, Arla Foods Ingredients Group P/S, Fonterra Co-operative Group, Kerry, Inc., Novozymes A/S, Kemin Industries, Inc., BRF S.A., Cargill, Inc., Essentia Protein Solutions, and GELITA.

Recent developments include:

Optimum Nutrition launched a new Gold Standard Protein Shake in August 2022.
Kerry opened a state-of-the-art facility in Jeddah, Saudi Arabia, in January 2022.
Dragon Pharma introduced a whey protein supplement derived from hydrolyzed whey protein in April 2019.
Fonterra JV partnered with Tillamook Country Creamery Association and a three-mile canyon farm to release Pro-Optima TM, a functional whey protein concentrate, in June 2022.

Market Segmentation

By Type: Dairy Proteins, Meat, Poultry & Beef Proteins, Fish Proteins
By Form: Powder, Liquid
By Application: Pharmaceuticals and Nutraceuticals, Food, Cosmetics and Personal Care, Feed
By Region: North America, Europe, Asia Pacific, Middle East and Asia

About Future Market Insights (FMI)

Catering Services Market to Reach USD 951.5 Million by 2033, Growing at 4.4% CAGR | FMI Study

As per the market survey report, the catering services business worldwide generated a revenue of around US$ 565 million in the year 2018. Though the market followed a steeply rising curve in the following years, the average CAGR until 2022 has been brought down to 1.2%. This tragic downfall in demand for catering services was a consequence of the pandemic rendering the market value at US$ 592.5 million by end of 2022.

Currently, the net worth of total catering services adopted around the world together is estimated to be around US$ 618.5 million for the year 2023. The catering services sector is projected to expand at an annual rate of 4.4% during the years 2023 to 2033. The FMI global catering services market analysis report further predicts it reaching a value of almost US$ 951.5 million by 2033.

There is a growing concern for safe food handling practices worldwide and a need for outsourcing food preparation services to a reputed supplier. Moreover, the FDA’s strict guidelines for monitoring and controlling the standards of the food being served are perfecting catering services globally.

Recently, the United States FDA established more and stricter rules and guidelines for regulating the quality and standards of food served by catering service providers. As a result, many existing market players in the country have reoriented their business strategies to remain competitive in the market.

Key Takeaways

The United States is the leading region for the adoption of all catering services and the regional market is expected to be worth around US$ 152 million in 2023.
China is anticipated to record an impressive 7.1% CAGR over the forecast years owing to its huge population and evolving culture.
Germany is the leading region in Europe for higher adoption of catering services throughout the Europe region. As per the market report, this regional market is anticipated to exhibit a growth rate of 3.2% during the years 2023 to 2033
The demand for catering services in Canada is projected to grow at a rate of 3.5% over the forecast years making it a lucrative market for players in the region as well as the United States.
Standalone food catering services control a dominant share of the market in comparison to chain catering services companies.
The corporate contract food catering service segment contributes the lion’s share of the total revenue generated by the global market.

Competitive Landscape

Aramark Corp., Compass Group PLC, Bartlett Mitchell Ltd., CH and Co Catering Group Ltd., Delaware North Companies Inc., Newrest Group Services SAS, Deutsche Lufthansa AG, Dine Contract Catering Ltd., Gategroup, DO & CO Aktiengesellschaft, DoorDash Inc., Elior Group SA, The Emirates Group, Sodexo Group PVT Ltd, Cushman & Wakefield, WSH Group Ltd., Newrest Group Services SAS, and ABM Catering Solution, ISS A/S, Jones Lang LaSalle IP, Inc., AVI Foodsystems, Inc, Thompson Hospitality, Albron B.V., Hutten Catering BV among others are prominent players operating in the global catering services market.

To boost profits and strengthen their market positions, many companies in the catering services market have selected new product launches and takeover of regional service providers as their primary development methods.

Some leading global market participants have recognized substantial growth potential in Asia Pacific countries and are extending service points in this region. Due to large investments for attracting foreign corporates and tourism, nations like India, Qatar, and Saudi Arabia present attractive development potential for the catering service sector.

Key Segments

By Service Type:

Contractual Catering Service
Non-contractual Catering Service
Other Catering Services

By Application:

Wedding Catering Services
Corporate Catering Services
Social Events Catering Services
Other Events Catering Services

By End User:

Catering Services for Industrial Sector
Catering Services for Hospitality Sector
Catering Services for Educational Sector
Catering Services for Healthcare Sector
Catering Services for In-Flight Sector
Catering Services for Other End Users

By Region:

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

About Future Market Insights (FMI)

Taurine Market Expected to Expand at 7.2% CAGR Between 2023 and 2033

The taurine market is anticipated to be worth USD 415.0 million in 2023 and US$ 815.4 million by 2033. During the projection period, taurine sales are anticipated to experience a strong CAGR of 7.2%.

Taurine, known as the wonder molecule, is increasingly being used in products such as energy drinks, dietary supplements, and others. It has made a name for itself in the global market due to its use on both animals and humans.

Energy drinks are becoming increasingly popular around the world. Taurine is found in energy drinks and is used to increase physical activity and bodybuilding. Red Bull is a well-known energy drink containing Taurine. It is widespread in both developed and developing countries.

Growth in international sporting events has compelled sportsmen to concentrate on preserving their physical fitness, which is anticipated to spur growth in the approaching years.

However, excessive use of taurine as a supplement can cause health problems, limiting the taurine market’s growth. Increased research and development and new product launches are expected to drive the taurine market forward in the near future.

Key Takeaways from the Taurine Market

The taurine market in the United States is expanding at a rate of 6.9% as a result of important product launches, increased research activity, and a high concentration of manufacturers or market players, in the country.
With a revenue share of US$ 40 million, the United Kingdom has contributed a sizeable share of the global market. The growing online sales channel and expansion of sports nutrition are proliferating market growth.
Food-grade taurine tops the segment showcasing a growth of 5.6%. Taurine in food acts as an emulsifier and flavor enhancer in processed foods. Taurine is widely used in the production of packaged cereal, baby products, bakery items, and other items due to its properties. The growing demand for processed and packaged foods is driving up global demand for taurine.
Currently, China holds a commanding growth rate of 7.9% in the Asia Pacific region. China is a leading producer of taurine, with more than 40 manufacturers in the country contributing to the world’s prominent production of the market product. Several manufacturers are outsourcing Taurine production to China and looking for low-cost suppliers in this country.
Due to rising public awareness of fitness and well-being, the dietary supplements industry is expected to develop at the strongest pace of 11.5%. An increase in sporting events and activities is likely to expand market reach.

Competitive Landscape

Companies in the taurine market are attempting to increase taurine production capacity. Companies such as Qianjiang Yongan Pharmaceutical Co., Ltd. have an annual production capacity of 58,000 MT of taurine and are planning to expand production and storage capacity. Concurrently, the company is strengthening its supply chain to support this increase in volume.

Latest Developments

Manufacturers including Qianjiang Yongan Pharmaceutical Co., Ltd., Songzhou Hu, and Vitaworks Ip, Llc are working on a novel taurine production process for the global market. Manufacturers strive to develop sustainable production processes, use less raw materials, and waste less. Manufacturers such as Kyowa Hakko Bio Co., Ltd. have developed a fermentation-based taurine production process because it creates a more controlled environment for several production factors and taurine extraction.
Mimi’s Rock Corp. announced in February 2022 that its supplements brand, Dr. Tobias, is extending the range of products it offers by adding digestive enzymes, prebiotics, and probiotics to support gut health.

Grow your profit margin with FutureMarketInsights – Buy the report!

Key Segments Covered in the Taurine Market Report

By Grade:

Food Grade
Feed Grade
Pharmaceuticals Grade
Others

End-use Application:

Food
- Dairy Products
- Infant
- Bakery Products
- Cereal Products
Beverage
- Energy Drinks
- Caffeinated Drinks
- Soft & Carbonated Drinks
Animal Feed
- Aquaculture Feed
- Poultry Feed
Pet Food
- Cat Food
- Dog Food
Pet Supplements
- Cat Supplements
- Dog Supplements
Dietary Supplements
Cosmetics & Personal Care
- Skin Care Products
- Hair Care Products
- Toiletries
Agriculture
Pharmaceuticals

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.
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

Global Egg-Free Mayonnaise Market Expected to Top USD 7.9 Billion by 2033, FMI Analysis Reveals

The egg-free mayonnaise market size is projected to be valued at USD 4,315.4 million in 2023 and is expected to rise to USD 7,988.2 million by 2033. The sales of egg-free mayonnaise are expected to grow at a significant CAGR of 6.4% during the forecast period.

Millennials in particular are becoming more accepting of veganism, which has sparked industry growth. Due to increased public awareness of animal cruelty and the negative environmental effects of the dairy industry, consumers are increasingly selecting products that are made from plants.

Egg-free mayonnaise often contains less fat and is gluten-free than normal mayonnaise. One of the main factors driving the market expansion is the huge increase in the consumption of ready-to-eat (RTE) packaged vegan food and drinks as well as gluten-free and plant-based diets.

Cheese, mint, lime, BBQ, chipotle, and tandoori flavors are being introduced by product manufacturers. Given the growing popularity of veganism and vegetarian diets, they are also focusing on launching vegan, organic, and egg-free variants.

The expansion of organized distribution channels such as hypermarkets, supermarkets, convenience stores, grocery stores, and online shopping applications is providing industry players with lucrative growth opportunities.

In the upcoming years, it is anticipated that protracted promotional campaigns and celebrity endorsements by product manufacturers on social media platforms is likely to have a positive impact on egg-free mayonnaise sales.

Key Takeaways from the Egg-Free Mayonnaise Market

From 2023 to 2033, China is anticipated to experience the fastest CAGR of 7.1%. In the approaching years, it is anticipated that the rising demand for plant-based bakery and confectionary products in the region would drive the sale of goods.
Supermarkets and hypermarkets, among other distribution channels, are expected to grow significantly and capture a commanding market share of 46.3% due to their presentation, availability of a wide variety on the shelves, and ease of access to consumers. The discounts provided by supermarkets and hypermarkets are expected to boost sales of egg-free mayonnaise through this channel.
Due to a larger consumer base and more retail vegan outlets than any other region, the US is anticipated to contribute a significant revenue share of US$ 1,532.0 in the egg-free mayonnaise market. Several new regional companies are entering the market, each with their own unique flavor of egg-free vegan mayonnaise.
From 2022 to 2030, the HoReca end-use segment is anticipated to experience the fastest CAGR of 4.5%. As flexitarian and vegan diets are becoming more and more popular, many restaurants, fast food chains, and casual dining establishments have started adding plant-based items and drinks to their menus.

Competitive Landscape

The global egg-free mayonnaise market is highly fragmented, with numerous vegan mayonnaise brands present. To increase product penetration, the companies invest heavily in product launches, distribution channels, and marketing strategies. They release products made from a variety of ingredients and for a variety of purposes, such as sandwich spread, nachos dipping, and so on. Furthermore, competitive strategies such as partnerships, mergers, acquisitions, joint ventures, and so on are prevalent in this market.

Latest Developments

Press’d Sandwich Shop in Canada announced the launch of two meat-free menu items using Gardein Chick’n in December 2020. The California Vegan and the Blazing Vegan are two of the inventive sandwich options, both of which include vegan mayo and vegan cheddar cheese.

Purchase now and gain exclusive access to in-depth segment information.

Key Segments Covered in the Egg-Free Mayonnaise Market Report

By Nature:

Organic
Conventional

By End User:

HoReCa
Food Processors
Household (Retail)

By Distribution Channel:

Direct
Indirect
- Hypermarket/ Supermarket
- Food and Drink Specialty Stores
- Convenience Store
- Discount Store
- Online Retail

By Price Range:

Economy
Premium

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Global Products from Food Waste Market Set for 5% Annual Growth, Aiming for USD 85.9 Billion by 2033

The products from the food waste market are revolutionizing the way we think about waste and sustainability. As the world grapples with the pressing issue of food waste, innovative companies are finding creative ways to transform discarded food into valuable products. These products not only reduce waste but also contribute to a more circular economy.

In 2023, the global products from the food waste market are estimated to be worth USD 55,120 million. Food waste product sales are projected to expand at a 5% CAGR to USD 85,905.0 million by 2033.

The products from food waste industry are gaining significant traction due to the increasing demand for sustainable solutions for food waste management. The drivers for this market include the implementation of strict regulations regarding food waste disposal and growing awareness about the environmental impact of food waste. In addition, the development of new technologies and processes for food waste management, such as InSinkErator food waste disposers and food waste processors, is also driving the growth of this market.

The market for products from food waste industry also faces some restraints such as the high cost of installation and maintenance of food waste management systems, lack of awareness about the benefits of food waste management, and the unavailability of proper infrastructure in some regions. Moreover, the low profitability of food waste management and disposal services is also hampering the growth of this market.

Opportunities for the products from food waste industry include the development of innovative technologies and processes for food waste management and the increasing demand for value-added products derived from food waste such as meat waste disposals, carysil food waste disposers, and other food waste products. In addition, the increasing demand for organic fertilizers and biofuels is also creating new opportunities for the growth of this market.

One of the emerging trends in the products from food waste industry is the use of technology to improve food waste management processes. Smart waste management systems are being developed that use sensors, data analytics, and artificial intelligence to optimize the food waste management process. In addition, the development of blockchain technology for food waste management is also gaining traction as it provides transparency and traceability in the food waste management process. These trends are expected to create new growth opportunities for the products from food waste industry in the coming years.

Key Takeaways from the Products from the Food Waste Market:

In 2022, the United States is anticipated to have a notable share in products from food waste, accounting for 8% of the global market.
Germany is predicted to dominate the Europe market for products from food waste, with a CAGR of 4.3% during the forecast period.
The products from food waste industry in India are predicted to thrive at a significant CAGR of 15.3% during the forecast period.
With a CAGR of 7.4% over the forecast period, China is likely to be a prominent contributor to the growth of the products from food waste industry.
Citrus fruits are predicted to dominate the products from food waste industry by source in 2023, accounting for around 35% of the total share.
The food processing segment is predicted to dominate the products from food waste industry in 2023, accounting for around 40% of the market share.

How Players are Capitalizing on Innovative Technologies in Products from the Food Waste Industry?

The products from food waste industry are significantly growing and becoming increasingly competitive. With an increasing trend towards sustainability and reducing food waste, many companies are exploring ways to repurpose food waste into value-added products.

Leading players in the industry are Insinkerator, Emerson Electric Co., and Waste Management, Inc. are investing in new technologies and innovations to improve food waste processing and management. Insinkerator, for example, offers a range of food waste disposers and processors that can grind and process food waste into fine particles, while Waste Management provides a range of services to businesses and consumers to help manage and reduce food waste.

In addition to established players, many startups and small-scale companies are also entering the market, bringing them unique and innovative solutions. Carysil, for example, offers a range of food waste disposers that are compact and efficient, while TerraCycle provides a range of services to help businesses and individuals recycle their food waste.

The industry is also seeing a rise in collaborations and partnerships between companies to improve sustainability and efficiency in food waste management. For example, in 2021, PepsiCo partnered with Danimer Scientific to develop biodegradable food packaging made from plant-based materials.

Purchase now and gain exclusive access to in-depth segment information.

Products from Food Waste Market Taxonomy

By Source:

Mangoes
Apples
Grapes
Citrus Fruits
Carrots
Beetroot
Berries
Others

By End User:

Food Processing
Beverage Processing
Cosmetics & Personal Care
Dietary Supplements & Nutraceuticals
Animal Feed
Others

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
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.

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

Avocado Oil Market Expected to Grow at 5.9% CAGR by 2033, Reports FMI

The avocado oil market had a value of USD 287.2 million in 2022, and by 2033, it was projected to have grown to USD 975 million, with a CAGR of 5.9%. Since avocado oil’s nutrient composition boasts a higher content of healthy fatty acids, the health-conscious population, especially those who are struggling with weight issues, becomes the dominant avocado oil customer base. Marketers promote avocado oil as an instant, healthier alternative to other frying and salad dressing oils, as well as to olive oil.

Declining demand for fatty oils owing to potential health hazards is fostering popularity of healthy oils, thereby favoring avocado oil sales.

The drawbacks of olive oil, such as the unpleasant flavor and odor it imparts to food, also lead customers to choose alternative delectable and nutritious oils, like avocado oil, which is a major driver in the expansion of the avocado oil industry. Changes in consumer purchasing habits, such as the initial recognition of the nutritious makeup of a food item and a preference for natural and healthy components, have a significant role in pushing forth the demand for avocado oil in the coming years.

It is now more crucial than ever for the public to be aware of health dangers and take proper precautions. Scientists and medical professionals have also looked into natural treatments and solutions for such chronic illnesses. This has expedited the study of the substance due to the health benefits associated with using avocado oil. There are several uses for avocado oil, particularly in cosmetics, personal care products, and medicine.

It has gained recognition in therapeutic applications due to its many advantages, including weight loss, enhanced heart health, better digestion, accelerated wound healing, radiant skin, and detoxification. Throughout the projected period, avocado oil consumption is probably going to increase, driving the worldwide avocado oil market.

Key Takeaways are:

The global avocado oil market saw sales expand significantly between 2018 and 2022, with a CAGR of 4.1%.
The extra-virgin oil market is projected to represent 44.5% of the global avocado oil market in 2023.
The food and beverage industry gained a 51.5% market share of the avocado oil market worldwide in 2022.
The avocado oil market in North America accounted for more than 30% of the worldwide market in 2022.
The North American market share for avocado oil in the United States was 67.9% in 2022.

“The high-income growth rate in industrialized nations, along with the rapid pace of urbanization and the increase of the upper middle class, is the main driver behind the rising usage of avocado fruit oil in several sectors,” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the Avocado Oil Market are:

Spectrum Organics Products, LLC
Bella Vado Inc.
The Village Press
La Tourangelle, Inc.
Proteco Gold Pty Ltd.
Sesajal S.A de C.V.
Grupo Industrial Batellero
Grove Avocado Oil
Cibaria International
Olivado USA

Leading manufacturers of avocado oil are zealously pursuing marketing methods such new product innovations, collaborations, technological breakthroughs, R&D activities, investments, and even acquisitions to enhance their worldwide exposure.

The French company Laboratoires Expanscience introduced a new organic, emollient, and nutritious avocado fruit oil in 2021. It was made by cold pressing entire, previously dried avocados.
New York-based company Glow Recipe announced the release of Avocado Ceramide Recovery Serum in 2021. This lotion can improve the skin’s moisture barrier as well as improve the complexion. Ceramides along with avocado fruit oil are the two components worth mentioning since they both provide comfort and TLC. Both Sephora.com and the brand’s website offer the product for sale.

Comprehensive Market Insights: Full Report Overview

Key Segmentation:

By Type:

Extra Virgin Oil
Virgin Oil
Pure/Refined Oil
Blend

By Application:

Food and Beverages
Pharmaceuticals and Medicinal Formulations
Personal Care and Cosmetics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and the Pacific
East Asia,
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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Global Barrier Coated Papers Market to be Worth USD 7,571.9 Million by 2033: Future Market Insights, Inc.

The overall valuation of the global barrier-coated papers market was recorded at USD 4,640.1 million in 2022. The global market is anticipated to rise at a CAGR of 4.6% during the years from 2023 to 2023. The global market is also expected to reach USD 4,809.5 million in 2023 and USD 7,571.9 million by the year 2033.

The demand for barrier coated papers is accelerating due to the high use of barrier coatings for food packaging. Moreover, many non-food products and corrugated board packaging applications use barrier coatings for profitable shipping.

Papers with a barrier coating are known to conceal products by grease barrier, moisture barrier, or other necessary barrier types. However, these materials negatively impact the environment and are thus being replaced by paper-based formats with compostable barrier coatings.

Uncover Detailed Findings—Access the Full Report Today!

Key Takeaways:

Countries in North America are the prominent users of barrier-coated papers and created a global demand share of 29.4% in 2022. The sales of barrier-coated papers in the United States alone contributed to 25.4% of the global market share that year.
Europe, as a whole, closely follows the United States in the adoption of barrier coated papers and acquired a market share of 25.2% in 2022. Europe is the leading contributor of barrier-coated papers, with a global market share of 5.3% in 2022.
In recent years, the demand for barrier coated papers in the United States is surging significantly. FMI estimates this regional market is going to exhibit a year-on-year growth rate of 3.3% during the forecast years.
Asia Pacific countries are emerging to be notably growing markets for sales of barrier-coated papers these years. China is at the forefront and is projected to register an impressive CAGR of 6.4% during the forecast years.
Japan is a quite well-established market in the Asia Pacific that contributed almost 4.1% of the global supply of barrier coated papers in 2022. India is figured out to continue on a high annual growth rate of 7.4% in sales of barrier coated papers over the forecast years.
Paper is the preferred segment based on different types of materials used for making barrier-coated papers. Though this segment held an 84.1% market share in 2022, the bio-based plastics segment is expected to gain high traction during the projected years.
Among the several end-user verticals for barrier coated papers, the food packaging segment consumed almost 64.9% of the total share in 2022. Besides this segment, beverages packaging and pharmaceutical packaging are also expected to make high use of barrier coated papers in the coming days.

Competitive Landscape:

Dow, Sierra Coating Technologies, Koninklijke DSM NV, Stora Enso, and Amcor, are some of the leading players in the global barrier coated papers market. Coatings & Adhesives, CH-Polymers, Imerys, Mondi, Akzo Nobel, KURARAY, and Cork Industries are among other domestic players covered in the report.

Advancements in packaging innovations, particularly in water-based barrier coated papers are regarded to fuel the market’s growth over the forecast period. Furthermore, the stringent environmental regulations that many governments around the world have implemented for food contact paper could play a supportive role.

Key Segmentation

Barrier Coated Paper Industry Segment by Coating Type:

Water-based Coating
Solvent-based Coating
Wax Coating
Extrusion Coating

Barrier Coated Paper Industry Segment by Material:

Paper Coating
Plastic Coating
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylidene dichloride (PVDC)
- Polyethylene Terephthalate (PET)
Bio-based Plastic Coating
- Polysaccharides
- Polylactic Acid (PLA)
- Polyhydroxyalkanoates (PHA)
  - Ethylene Vinyl Alcohol (EVOH)
  - Polyamide (PA)
Wax Coating
Other Coating Materials

Barrier Coated Paper Industry Segment by Thickness (ISO 534):

Less than 50 µm
51 µm to 75 µm
75 µm to 100 µm

Barrier Coated Paper Industry Segment by Packaging Application:

Cups & Lids
Trays
Laminates
Boxes & Cartons
Pouches & Sachets
Labels
Blisters & Clamshells
Wraps
Tapes
Others

Barrier Coated Paper Industry Segment by End-user Verticals:

Food Packaging
- Bakery
- Confectionery
- Snacks
- Dairy
- Spices & Condiments
- Sauces
Beverages Packaging
Cosmetic & Personal Care Packaging
Pharmaceuticals Packaging
Building & Construction Packaging
Electrical & Electronics Packaging
Tobacco Packaging
Packaging of Other Consumer Goods (Agriculture, Automotive, Home Care, etc.)

Barrier Coated Paper Industry Segment by Region:

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

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Application Processor Market to Reach USD 53 Billion, Globally by 2032 at 6.6% CAGR: Future Market Insights, Inc.

The application processors market generated USD 26.2 billion in 2021 and is anticipated to grow 6.6% year over year to reach USD 27.93 billion in 2022. Due to smartphone penetration and technological developments, the market is anticipated to reach USD 53 billion by 2032. Regarding revenue share, the top five smartphone application processors in 2021 were Apple, Intel, Qualcomm, MediaTek, and Samsung LSI.

The market for microprocessors created expressly to meet the computational demands of portable devices like smartphones, tablets, and wearables is referred to as the “application processor market.” In addition to offering excellent performance and processing speeds to meet the demands of contemporary mobile apps, these processors are built to be power-efficient.

The market is being driven by the expanding demand for smartphones and other mobile devices, the growing acceptance of Internet of Things (IoT) devices, and the rising popularity of sophisticated mobile apps.

Gain Comprehensive Knowledge—Read the Entire Report Now!

Application Processor Market: Drivers and Challenges:

There are many factors driving the market for application processors, and one of the major factors is the high adoption of application processors in industries like consumer electronics specifically in wearable devices, and also in other industries for its use in applications like automotive ADAS and the infotainment systems.

This has been the major driver for the application processor market and has led to the strong growth of the market. Also, the increase in penetration of smartphones has also increased the sales of mobile application processors which is a part of the application processor market. This has also been a driving factor for the application processor market and has led to the fast growth of the market.

Some of the restraints for the application processor market have been related to the development of application processors in the market. There have been problems regarding the development of the application processor which needs skilled personnel for its development.

This has been a restraining factor for the application processor market as the processors take time to reach the end user which slows down the process cycle of the application process market leading to slow growth.

Leading Key Players:

Apple, Inc.
Samsung Electronics
Qualcomm
MediaTek Inc.
Intel Corporation
Advanced Micro Devices, Inc.
NXP Semiconductors
NVIDIA Corporation
Renesas Mobile Corporation
Huawei Technologies Co. Ltd.
Texas Instruments
Broadcom Corporation
Allwinner Technology
HiSilicon Technologies among others

Application Processor Market: Regional Overview:

On the basis of geography, the application processor market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA, and other APAC, Japan, and the Middle East & Africa. Among various regions, the North American application processor market is seen to be leading in value, with the U.S. application processor being the most attractive market.

Also, the application processor market in Japan and Western Europe is expected to grow at the fastest rate due to the presence of tier-1 manufacturers in the region and the increase in the number of smartphone users enabled with mobile application processors in the region.

Application Processor Market Segmentation:

By Device Type:

Mobile Phone Application Processor
PC Tablets Application Processor
Smart Wearables Application Processor
Automotive ADAS & Infotainment Systems Application Processor

By Core Type:

Single-core Application Processor
Dual-core Application Processor
Quad-core Application Processor
Hexa-core Application Processor
Octa-core Application Processor

By Industry:

Application Processor for Consumer Electronics
Application Processor for Automotive

By Region:

North America
Europe
Asia-Pacific
Middle East & Africa
Latin America

About Future Market Insights (FMI)

Contact Us: