Market Research Blog – Page 13464 – New Product Development

Pulse Flours Market 2022 | Scope of Current and Future Industry 2031

The market for pulse flours is primarily driven by the flour’s health benefits. Pulse flours provide protein, fibre, and agricultural micronutrients while also reducing fat, which is an unusual characteristic in a diet. To improve the health benefits of gluten-free products, a tiny amount of pulse flour can be added.

Pulse flour is attracting consumers all around the world because of its distinctiveness, which is driving the industry. The US, India, and Canada are emerging markets for pulse flours, making it a viable market.

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Pulse flours are commonly made from peas and chickpeas. Pulse Flour is ideal for making a wide range of snacks that cannot be made with wheat flour or any other flour. As a result of its diverse benefits, the Pulse Flour market is likely to develop over the forecast period.

Because of capital expenditures for in-house cooking, product uniformity, electricity costs, and stricter waste and environmental restrictions, tortilla and chip makers are switching to Pulse Flour instead of alternative flours.

Pulse Flour, on the other hand, comes with some limitations. Pulse flour quality is solely reliant on the type of pulse utilized and the pulse production technique used, both of which can degrade flour quality. Climate, rainfall, water sources and quality of water, as well as pesticides and manure utilized, all affect the quality of the completed product or flour.

Key Highlights

Chickpea pulse flour segment is expected to expand at 11.6% CAGR over the forecast period.
Chickpea segment is estimated to account for 33.2% revenue share of the product type segment by 2021 end and is expected to gain 247 BPS in its market share by 2031 over 2021.
Chickpea segment is expected to create absolute $ opportunity of US$ 6,440.5 Mn between 2017 and 2026
The largest share is contributed by APEJ region in chickpea market. This is expected to represent 50.5% of the market in 2021, to reach 54.4%, representing a CAGR across forecast period of 12.6%.

“Rising population and per capita food consumption to fuel global demand. Also, increasing application in preparing nutrition and protein blends creating opportunities for market players “said a lead analyst at FMI.

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Who is winning?

Some of the leading companies offering pulse flours are Anchor Ingredients Co. Llc., Archer Daniels Midland Company, Batory Foods, Inc., Bean Growers Australia Limited, Best Cooking Pulses Inc., Blue Ribbon Grain & Pulses Pty Ltd, CanMar Grain Products, Diefenbaker Spice & Pulse, Ehl Ingredients Limited, Great Western Grain Company Ltd, Ingredion Incorporated, Parakh Agro Industries Limited, SunOpta, Inc., The Scoular Company, and others.

Get Valuable Insights into Pulse flours market

Future Market Insights, in its new offering, provides an unbiased analysis of the pulse flours market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

The study divulges compelling insights on the pulse flours market based on product type (chickpea, lentils, pea, beans, and other product types), application (bakery and confectionery, extruded products, beverages, animal feed, dairy products, and other applications), and distribution channel (food chain services, modern trade, convenience store, departmental store, online store, and other distribution channels) across seven major regions.

Market Opportunities

Innovation in Processing to Increase Product Quality

Manufacturers are working hard to create techniques that will allow pulse flours used in food to maintain their optimal nutritious quality. In addition, manufacturers are implementing new technology to increase commercial capacity for value-added pulse ingredients while maintaining quality.

Instant noodles, spaghetti, extruded snacks, and morning cereals are just a few of the categories where such advancements are allowing the business to explore new possibilities. Manufacturers and food companies have been progressively interacting and forming partnerships in order to uncover new application areas in recent years. In addition, more focus is being placed on identifying and determining functional quality and important nutrition properties of pulse-based products.

Pulse Flours Market by Category

By Product Type :

Chickpea
Lentils
Pea
Beans
Other Product Types

By Application :

Bakery and Confectionery
Extruded products
Beverages
Animal Feed
Dairy Products
Other Applications

By Distribution Channel :

Food Chain Services
Modern Trade
Convenience Store
Departmental Store
Online Store
Other Distribution Channel

By Region :

North America
Latin America
Europe
Japan
APEJ
MEA

Key Questions Answered in the Report

What is pulse flour?
How do you make pulses with flour?
What is Pulse powder?
What is lupin pulse flour?

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Tilapia Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

The U.S. Department of Agriculture (USDA) guidelines recommend the consumption of tilapia as a rich source of protein with 20 grams accounted for in a small fillet. Tilapia also contains a relatively comparatively smaller quantity of saturated fat content. The increasing number of pescatarians globally is strengthening the tilapia market, finds Future Market Insights (FMI) in a study. Benefits in terms of sustainability offered by tilapia in comparison to other animal-based products, will facilitate growth of the market at a CAGR of over 4% between 2021 and 2031.

Tilapia is a widely grown fish in the global market and is considered a sustainable source of seafood. Key players in the global tilapia market are anticipated to gain from the increasing demand for tilapia especially in emerging markets. Manufacturers in China and Egypt are anticipated to gain ground, as these countries have established infrastructure backed by a dedicated consumer base.

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Production of Nile Tilapia is primarily witnessed in MEA, Asia Pacific, and Latin American countries. However, North America led by the United States is also upgrading its production capacity through investments in aquaculture projects. Food industry will remain a chief end user accounting for over 40% sales registered in the market.

Key Takeaways from the Tilapia Market Study

South and East Asian countries led by China are expected to lead the tilapia market, with value market share of 42.1% and 33.0% respectively.
The United States is anticipated to account for over 95% of sales in North America over the forecast period due to increasing consumption of packaged and processed tilapia products.
The U.K. will emerge as a highly lucrative market, exhibiting over 7% y-o-y growth in 2021
Germany and France will exhibit considerably high demand for Tilapia, emerging as lucrative markets within Europe

“Manufacturers are developing advanced production and harvesting technologies to enhance the quantity and quality standards of tilapia production. These novel technologies are also expected to reduce the incidence of disease in tilapia farms, which will positively influence operations and sales in the foreseeable future,” says an FMI analyst.

Tilapia Establishing its Presence in Retail Space

The application of tilapia in the food industry is expected to remain considerably higher than others (pharmaceutical, animal feed). Emerging markets for tilapia such as United States, and India, are witnessing a rising demand of frozen, ready-to-eat tilapia products. Gradually and progressively tilapia and its products are gaining a notable presence in retail shelfs even in relatively remote regions due to its availability and ability to thrive in harsh and varied environmental conditions.

Polyculture for Tilapia Farming Boosting Production

Efforts towards sustainability in tilapia farming, has pushed manufacturers to adopt polyculture, enhancing productivity in return. Manufacturers are analyzing polyculture of tilapia among other fishes such as catfish, prawns, and some predatory species such as largemouth bass to reduce tilapia overbreeding. Different species for polyculture influences quality as well as production quantity.

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Who is winning?

Some of the leading players operating in the Tilapia market are Baiyang Aquatic Group, Blue Ridge Aquaculture, Inc., A.O.Kingdom International Co., Ltd, Nova Sea Foods, Hainan Sky-Blue Ocean Foods Co, Hainan Xiangtai Fishery Co, Guangdong Evergreen Conglomerate Co., Ltd., Hebei Zhongjie Tilapia Breeding Co. Ltd, Amyco Group Limited., Regal Springs, and other players.

Key players of Tilapia are striving to consistently develop novel aquaculture techniques and vertical integration. Tilapia manufacturers such as Baiyang Aquatic Group has achieved vertical integration in the supply chain of tilapia by establishing fish feed unit, and tilapia processing unit. Tilapia processing unit utilizes all the waste generated in the filleting procedure and uses it for the production of various products such as pharmaceuticals, cosmetics, and other products.

In November 2020, Blue Ridge Aquaculture (BRA) invested US$ 2.5 Mn in a nursery facility to support existing as well as increasing farming activities.
Government of Singapore is envisioning elimination of export for food, thus manufacturers of tilapia in the country has huge opportunity to grow as the government is providing all the essentials at a minimal cost.

Get Valuable Insights into Tilapia Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Tilapia market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Tilapia market based on Source (Organic, Conventional), Species (Nile Tilapia (OREOCHROMIS NILOTICUS), Blue Tilapia (OREOCHROMIS AUREUS), Mozambique Tilapia (OREOCHROMIS MOSSAMBICUS), and Wami Tilapia (OREOCHROMIS UROLEPIS HORNORIUM)), Form (Fresh and Processed), Sales (Direct Sales, Retail Sales), and Application (Food Industry, Pharmaceutical Industry, Animal Feed, Pet Food, Food Service, Retail) across seven major regions (North America, Latin America, Europe, Asia Pacific, Oceania, Japan, and Middle East and Africa).

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Isomalt Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2031

Isomalt is anti-cariogenic, due to which it does not promote tooth decay. It is considered to have several health benefits, which is expected to spur isomalt sales. As per a study by Future Market Insights (FMI), the isomalt market is expected to surpass US$ 900.5 Mn in 2021.

Oral bacteria cannot convert isomalt into decay-causing acids easily. Thus, acidic condition that leads to demineralization does not develop after isomalt consumption, as compared to the one that occurs after eating normal sugar. Regulations by the Food and Drug Administration (FDA) allow manufacturers of sugar-free isomalt-based products to make health claim- ‘Does not support dental caries’ if those products do not reduce plague PH less than 5.7 upto 30 minutes after consumption. This safety property is fuelling the demand for isomalt.

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While isomalt have application across various industries, the beverages sector will account for maximum sales registered in the market. The demand from beverages sector is expected to rise at above 7% CAGR, sealing its dominance among end users between 2021 and 2031. Meanwhile, isomalt obtained from conventional sources will continue registering high sales, however, increasing focus on greater health benefits will tip scales in favour of organic isomalt.

Regionally, Europe will continue leading the market through the course of the forecast period. The presence of several leading manufacturers will give tailwinds to growth registered by the Europe market.

Key Takeaways from the Isomalt Market Study:

Despite a period of subdued growth amid COVID, isomalt market will continue expanding at a positive CAGR of 6.1% between 2021 and 2031
Rising incidence of diabetes has been spurring sales in the U.S., pushing it to account for nearly 90% of the North America market
While Europe continues dominating the global market, EU-4 countries will account for maximum isomalt sales through the forecast period
The U.K. will emerge as a highly lucrative market for isomalt, registering over 7% CAGR, after a period of decelerating isomalt sales in 2020
China will account for maximum shares of sales recorded in isomalt due to greater focus on health and wellness among consumers in the country

“Increasing applications of isomalt across diverse industries will result in market growth. In order to gain edge amid competition, manufacturers are launching new products with isomalt as a key ingredient. Isomalt is used to make various products such as confectionery, sugar confectionery, dairy products, bakery products, sports drinks, and others. Due to its low calorie content, isomalt is being increasingly used in various infant nutrition formulas and pharmaceutical products. .” Said a lead analyst at FMI

Plant-based Isomalt Gaining Popularity

Nowadays, people are inclined towards consumption of vegan products. According to SPINS report, U.S. retail sales of plant-based food grew 11.4% last year to US$ 5 Bn. People are shifting from use of animal products due to rising concerns, such as personal health and animal welfare. Isomalt is extracted from the plant sources such as beet, peaches, berries and hence is finding space in shelves of the consumers that are opting for plant-based diets and healthier food options.

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Who is winning?

Some of the leading companies offering isomalt are BENEO GmbH, Cargill, Inc., Merck KGaA, Baolingbao Biology Co., Ltd., Akhil Healthcare Pvt Ltd, SINO Food Ingredients (SINOFI), KF Specialty Ingredients, Wilmar BioEthanol, Deiman SA de CV, Quadra Chemicals Ltd, S. A. Pharmachem Pvt. Ltd, and others

Manufacturers of isomalt are focusing on offering products through various online retailers to reach large consumer base. Food products are mainly perishable, and food and beverage products have to meet the quality expected by buyers and must comply with regulations. Isomalt, owing to its resistance to moisture, has a good shelf life. Therefore, it can be sold without deterioration. Making products easily available can boost the number of consumers purchasing a product. Several manufacturers are moving towards online channels with an aim to sell their products globally. This is helping them to increase their sales and growing their businesses.

Get Valuable Insights into Isomalt Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Isomalt market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Isomalt market based on product type (Isomalt Isolate, Isomalt Concentrate), By Application ( Nutritional Beverages, Clinical Nutrition, Bakery, Meat Product, Nutritional Powders and Bars, Protein Fortification, Dairy Beverages, Supplements, Infant Nutrition, Dairy Products, Cheese, Coffee), and By Distribution Channel (B2B, and B2C) across seven major regions.

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Policosanol Market 2022 Expectations & Growth Trends Highlighted Until 2031

The policosanol market is growing at a significant rate owing to increasing benefits derived from policosanol in the nutraceutical industry. According to a study by Future Market Insights (FMI), the overall valuation of the market is expected to surpass US$ 282 Mn in 2021. Growth will remain positive, especially as industries realize the clinical utilities of policosanols.

The presence of antioxidant properties in policosanol has resulted in its inclusion in the treatment of degenerative diseases like cardio-vascular disease and diabetes. Therefore, increasing health conscious among consumers is fuelling the demand for policosanol products.

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Along with nutraceutical properties, policosanols have proven beneficial in acne treatments, skin repairing that makes it even more used ingredient worldwide. Several dermatologist and dieticians around the globe consider policosanol as a key compound, which is easily available in plants such as sugarcane, wheat, and rice.Policosanols are very useful for acne prone skin as these ensure that pores are clear of oil as it acts as an anti- seborrheic agent.

Other skin benefits of using policosanol products are it reduces ageing process and helps in skin tightening. Escalating demand for policosanols in cosmetic and personal healthcare products is a major factor driving the policosanols market growth during the forecast period.

Consumer areeven suggested to make policosanol a part of their dietary intake. Policosanol at extraction stage is a potent source of active enzymes, minerals, vitamins, and proteins. Therefore, increasing health consciousness among consumers is fuelling the demand. According to the report, dietary supplements segment will emerge as a key application, accounting for over 30% of sales in the market in 2021.

Key Takeaways from Policosanols Market Study

Increasing focus on health and wellness will drive sales, enabling the policosanol market exhibit 5.9% CAGR between 2021 and 2031
The U.S holds over 80% share in the North America policosanol market, thanks to increasing use of policosanol as a key ingredient in pharmaceuticals and nutraceutical formulation
The U.K. will emerge as a chief market, exhibiting steady y-o-y growth at 2.2% in 2021
Increasing focus on health and wellness will drive sales in France and Germany
East Asia remains a chief market, driven by increasing demand from China and South Korea

“Diverse applications will continue supporting the expansion of policosanols market. Steered by ongoing trends, manufacturers are likely to focus on product launches to be able to offer products that suit consumer requirements,” said a lead analyst at FMI.

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Application in Cosmetic Industry Will Boost Growth

Consumers have become conscious about their skin and are looking for natural products especially for skincare and hair care. Cosmetics and skin care industry has seen tremendous surge in the use of policosanol moisturizer products as it provides various skin benefits such as tissue repair, elasticity, and depigmentation, thus making the skin look healthy and radiant.

Use of Policosanol in Animal Feed is Fueling the Demand

Policosanols aremostly used in specialized feeding applications with monogastric animals, such as in milk replacers. The use of policosanol in pet foods as well as livestock feed has shown animprovement in the animals’ overall health. Manufacturers have great scope of business as in animal feed industry and animal feeders are demanding plant derived products as more effective in terms of nutrition.

Who is winning?

Some of the key players operating in the Policosanols market areAmbePhytoextracts, Marcor- An Azelis Company, Douglas Laboratories, Now, Garuda International, Inc, Hainan Zhongxin Chemical, Hainan Zhongxin Chemical, Herblink Biotech Corporation, HuzhouShengmaBiochem Co. Ltd.Key players are adopting strategies like new product development, acquisition, sustainable partnership with distributors etc. for policosanols market.

In 2019, Garuda International, Inccompanyhas launched upgraded version of LesstanoL® Sugar Cane Wax Policosanol / Octacosanol. It is a ingredient which can used in many types of formulation of dietary supplement tablets or capsules.
In 2019 ZOI Research, The company launched its Certified-Organic version ZOI Research, Cholesterol Support, 90 Vegetarian Capsules. To ensure lipid metabolism for cholesterol level management.
In 2020 India Glycols Ltd., The company launches various Phytochemicals / nutraceuticals as Ennature Biopharma is in the business of manufacturing natural active pharmaceutical ingredients (APIs), standardized botanical extracts and spice extracts for the beverage, dietary supplement, functional food, pharmaceutical and cosmeceutical industries.
In 2019 Mediplus, The company launched policosanols tablets . It is a packet of 60 tablets that is formulated using advance techniques in New Zealand. It not only support healthy cholesterol levels but also enhances stamina.
In 2020 Cyvex Nutrition, Inc., The company launched new tablets called as Swanson Ultra Policosanols supplements. These supplements are among the best sellers in 2020. It helps in maintaining a good cardiovascular health. As policosanols help in combating health issues.

Get Valuable Insights into Policosanols Market

Future Market Insights, in its new report, presents an unbiased analysis of the policosanols market, covering historical demand data 2016-2020 and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on the policosanols Market based on product type, has been classified into policosanols. The policosanolis classified on the basis of source, grade, application and extraction process. Regionally, the policosanols market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

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Grape Skin Extract Market 2022 Assessment and Key Insights Analyzed Till 2031

Consumption patterns of consumers have changed drastically as they continue exhibiting high demand for consumer goods with cleaner ingredient list. The trend has moved beyond the food and beverages sector to encompass other industries such as skincare and pharmaceutical. As per a new study by Future Market Insights (FMI), the changing behavior pattern of consumers will remain a chief driver of the grape skin extract market. According to the report, the grape skin extract market is poised to reach a valuation of US$ 128.1 Mn by end of 2021.

Grapeskin extracthas various health benefits. It helps in prevention of health concerns such as digestion disorders, gut issues, bloating, and obesity problems. Dermatologist also claim about various benefits ofgrape skin extractto give a clear and moisturized skin. Grape skin extract contains the highest amount of polyphenols which are known as antioxidants which help the body to fight free radicals and thus protecting skin against breakouts.

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As the demand for chemical free cosmetics and skin care products is rising, the use of fruits in skin care regime is increasing. Grape skin extract has certain components that helps in skin renewal by repairing the tissue that is the out layer of the skin. Therefore increasing application in skincare, food, and pharmaceutical products will continue enabling growth in the market. The food and beverage processing segment is expected to remain a key end user, accounting for over half of grape skin extract produced between 2021 and 2031.

Key Takeaways from the Grape SkinMarket Study

Despite supply chain disruptions caused amid pandemic, the grape skin extract market will register above 5% y-o-y growth in 2021
Increasing focus on health and wellness will drive sales in the U.S., enabling it to account for over 88% of the North America market in 2021
The U.K. will emerge as an important market within Europe, exhibiting above 3% y-o-y growth in 2021
France will remain a lucrative market for grape skin extract, driven by increasing production of wine
Despite China’s dominance in the East Asia market, the demand from Japan will increase at a higher rate over the forecast period

“Companies operating in the market are capitalizing on changing behaviour pattern of consumers. As a result of increasing demand for products containing natural ingredients, the focus on product launches will remain high,” said a lead analyst at FMI

Diverse Health Benefits of Grape Skin Extracts Driving Sales

Grape skin extract’s powder is highly in demand due to its positive results on health. Grape skin extracts powder extract is exceptionally popular because of its positive outcomes on wellbeing. Grape skin extracts powder is a rich source of monomeric polyphenols and polymeric polyphenols. Grape skin extractsare the fundamental crude material of anthocyanin.

The most bountiful anthocyaninsare extricated from red grapes build up from red wine refineries. Grape skin extracts polyphenols principally include OPCs and anthocyanin, which possess over 95% of the all-out polyphenols. Grape skin extracts polyphenols are isolated into hued polyphenols and lacklustre polyphenols. Their shade is a characteristic anthocyanin shade, with brilliant tone, high security, and great water dissolvability, non-poisonous and supplement rich, and can be utilized as a food and beautifiers colorant.

Who is winning?

A few of the leading players operating in the Grape skin extract market are Keller Juices S.R.L, GRAP’SUD, Plamed Green Science Group, Nans Product, NFC Industry Co., Limited, Nutra Food Ingredients, Alvinesa Natural Ingredients, AlpspureLifesciences Private Limited, Natacgroup, PanteleyToshev Ltd, Vital herbs, Tangshan Eusa Colors Int’l Group(EUSA COLORS), Presque Isle Wine Cellars, Parchem Trading Ltd.

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Companies operating in the market are primarily focusing on product launches. For instance:

In 2020, Nutra Products Inc.,Frutarom BU Health, and BENEO launched new products and ingredients that featured vitamin C, protein, super berries, and other nutrients derived from grape skin extracts.
PanteleyToshev Ltd, a leading manufacturer in organic beverages, is a worldwide producer and exporter of grape skin extract. With the help of specialized technology they offer anthocyanin derived from grape skin extract, which are great for coloring alcoholic drinks, soft drinks, energy drinks. They have developed Orange- Yellowish shades which can be used in ice creams, desserts, bakery items.
A brand named Merlot Skin Care, which is a famous for innovating skin products from grape seed and skin, announced the launch of body lotion which is used for long lasting hydration and gently protect skin with powerful natural antioxidants found in red grape seeds.

Get Valuable Insights into Grape Skin ExtractMarket

Future Market Insights, in its new offering, provides an unbiased analysis of the Grape Skinmarket, presenting historical demand data (2016-2020) and forecast statistics for the period from(2021-2031). The study divulges compelling insights on the Grape Skinmarket based on Type(Red grape and White grape), By Nature (Organic and Conventional), By End Use Application (B2B- Cosmetics and personal care, Food and Beverages Processing, Dietary supplements, Pharmaceuticals, and B2C- Modern trade, specialty stores, whole sale stores, health and pharmacy stores, online retailing, other retail formats andby region – North America, Latin America, Europe, South Asia, East Asia, Australia, and MEA.

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Cavendish Banana Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

Change in consumers’ preference and increasing focus on health and wellness will favor sales of Cavendish banana. Nowadays consumers are engaged in a sedentary lifestyle and have little time to cook healthy food at home. As snacking and consuming comfort food have emerged as a more viable option, they are likely to look for a healthier alternatives. Future Market Insights (FMI) identifies this to be a key factor supporting growth of the Cavendish banana market in a new study.

According to the report, the Cavendish banana market is poised to surpass US$ 16.52 Bn by 2021. Consumers’ interest to stay fit they is making them adopt healthy eating habits is driving the market. Moreover, Cavendish banana are highly portable, easy to consume as well as available, making it a popular on-the-go snack.

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Also, banana is a part of many ethnic cuisines in African, Latino, Pacific Island, and Asian countries, and Cuba, Puerto Rico, and other Caribbean islands. The large variety of ethnic foods derived from bananas, along with the increasing interest among global consumers in diverse, exotic cuisines, bode well for the Cavendish banana market.

Furthermore, with the rising sedentary lifestyle, there has been strong demand for highly nutritious products to fulfill dietary requirements. Coupled with the introduction of these nutritious foods as a superfood, manufacturers are developing novel products with innovative superfoods such as turmeric, banana, kiwi, and many more to provide exotic flavor as well as superior nutritious value.

Within the Cavendish banana market, conventional Cavendish banana will continue accounting for maximum sales in the market. According to the report, it will hold the dominant share of 92% in the market in 2021 in terms of value.

Key Takeaways from the Cavendish banana Market Study

The global Cavendish banana market will register a CAGR of 4.2% in terms of value between 2021 and 2031. The Cavendish banana is consumed on a large scale due to its multifunctional benefits, a trend which is expected to continue through the forecast period
Rising demand for healthy on-the-go snacks will enable the U.S. account for over 87% of sales in North America in 2021
High spending power of consumers will enable the U.K. market to register over 6% y-o-y growth in 2021
Germany and France are expected to register increasing Cavendish banana within Europe
Expansion of hotel, restaurant, and café (HoReCa) sector will support growth in China, followed by South Korea and Japan

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“While farmers conventionally chose fertilizers and pesticides to improve yield, they are gradually shifting towards more sustainable practices. Reduced fertility and health concerns posed by these conventional methods have pushed farmers to explore more environmental-friendly methods. Also the consumer interest has tipped scales in favor of products with non-GMO certification, which will have a significant influence on farming practices undertaken to grow and cultivate Cavendish banana,” said a lead analyst at FMI.

The health benefits offered by the Cavendish banana is fueling the market demand. According to the World Health Organization (WHO), diarrhea is the second-largest cause of death in children under five years old. Each year, 525,000 children die from this disease. Malnutrition is the major cause of diarrhea.

Doctors and patients are more inclined towards the consumption of bananas in place of anti-diarrhea medications owing to the higher effectiveness of bananas even in cases of C. diff infection. The administration of bananas in diets has been helping patients to control diarrhea. Owing to this benefit, many pharmaceutical companies have come up with banana-related products to treat diarrhea. Hence, this health beneficial factor helps drive the demand for bananas from the pharmaceutical industry.

Who is Winning?

To reduce the environmental impact and costs, players in the global Cavendish banana market are striving to reduce the usage of water. Throughout the supply chain of bananas, water has application in three main stages, i.e. cleaning of the fruit after harvest, pools holding bananas for selection, and lastly for removing latex.

It was noted that around 150 liters of water is needed to produce one box of bananas. Key players in the market like Dole’s New Millennium Packing Plant in Costa Rica have reduced the water consumption to 18 liters per box with the inclusion of water recycling techniques. Emerging players are expected to follow these trends in order to make their supply chain more environment-friendly and efficient.

A few of the leading players operating in the Cavendish banana market are: All Nippon Airways Trading Co Ltd., Exporganic S.A., DISCOVERY ORGANICS, Salix Fruits, Agroexport Carmita, Union de Bananeros de Uraba, GinaFruit S.A., Chiquita Brands International Sàrl, Dole Food Company, Fresh Del Monte Produce Incorporated, Pisum Food Services Private Limited, Reybanpac, Rey Banano del Pacífico C.A., and other players.

Get Valuable Insights into Cavendish banana Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Cavendish banana Market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Cavendish banana market based on Product Type (Organic Cavendish Banana, Conventional Cavendish Banana, Organic Fairtrade Cavendish Banana, and Conventional Fairtrade Cavendish Banana), Application (Food and Beverage Processing, Cosmetic and Personal Care, Pharmaceutical & Supplements, Animal Feed, Other Industrial, Foodservice (HoReCa), Household (Retail), and Sales Channel (Direct sales and Indirect Sales) across seven major regions.

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Yeast-based Spreads Market : Notable Developments & Geographical Outlook 2022 to 2031

Yeast-based spreads sales are surging in response to the rising demand for vegan, vegetarian, gluten-free, dairy-free, halal, natural, kosher, and fat-free food items. According to a new study by Future Market Insights (FMI), an increasing number of market players are expected to focus on fulfilling the aforementioned claims to gain impetus amid rising competition. Driven by these factors, the yeast-based spreads market is expected to reach US$ 398.8 Mn in 2021.

Among various products available in the market, the demand for marmite is forecast to increase considerably. Marmite is expected to account for over 30% sales in terms of volume in the market in 2021. Rising focus on health and wellness will create opportunities for sales of various types of yeast-based spreads. Among claims producers offer, gluten-free will be highly sought-after.

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The rising prevalence of gluten intolerance and the increasing demand for dairy free products will continue enabling sales in the market.

Key Takeaways from Yeast-based Spreads Report

Yeast-based spreads market is expected to rise at above 8% CAGR between 2021 and 2031
Rising prevalence of obesity and diabetes will push demand in the U.S., enabling it account for more than 75% of sales in North America
The rising demand for dairy-free bakery will enable the U.K. market to exhibit 4.6% Y-o-Y growth in 2021
Expansion of the vegan food sector will support growth in France and Germany
Expansion of retail sector will create growth opportunities in Japan and South Korea

“Rising demand for healthy snacking options will enable sales of yeast-based spreads. This trend will continue especially as consumers seek healthier food options with claims such as organic, non-GMO, gluten-free, and others,” said a lead analyst at FMI.

Diverse Applications of Yeast-Based Spreads Driving Sales

Yeast-Based Spreads are no longer considered just to be a breakfast option had with bread. Though yeast-based spreads are becoming general as a companion product for bread during breakfast time, these are increasingly used to facilitate convenience in preparing other dishes. Spreads are widely being used at corporate lunches, and convenience snacking times, dining events, apart from the conventional breakfast. For instance, Yeast-based Spreads can be used as a bakery filling and with cold dishes for lunch or dinner, savoury spreads can be used in pizza and pasta. The versatility of yeast-based spreads is thus, expected to drive the growth of the yeast-based spreads market over the forecast period.

Increasing Consumption of Yeast-based Spreads as a Flavor Enhancer

The shift among manufacturers from artificial ingredients to natural ones has resulted in the manufacturers finding alternatives for MSG which is manufactured synthetically and is used in numerous food products. This has led to a growing demand for yeast products as a food flavour enhancer. This is more popular in the developed countries as the consumers as well as food processing manufacturers are well aware of the products that are available in the market and the products that are in the development phase. Also, the consumption of processed food products has increased owing to the changing lifestyle of the consumers and the increase in urbanization. This has also increased the demand for yeast-based spread as a food flavour enhancer which is leading to an increase in the market growth of the yeast-based spreads market in the forecast period 2021-2031.

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Who is winning?

Numerous companies in the yeast-based spreads market have brought in different strategies to stay ahead in the competition. For instance,

In 2017, Bega Cheese, one of the key players of the yeast-based spreads market developed a new strategy to reduce its cost by stopping all the third-party contracts. This helped them to reduce the costs of the manufacturing

Some of the other companies are focusing on improving their product portfolio. For instance,

In 2019, Mars acquired Foodspring, a company based in Berlin which deals with direct-to-consumer targeted nutrition company

Some of the leading companies in the yeast-based spreads market are Mars Foods, Unilever Plc., All Natural Foods of Stirling, Nature’s Blend, Jardox Ltd., Sanitarium Health & Wellbeing, Bramwells, AussieMite, Marmite (New Zealand), Oxo (food), VITAM, Bega Cheese, and Three Threes Condiments Pty. Ltd.

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Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based nuggets market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on Product Type Yeast-based Spreads Market, has been classified into Aussiemite, Cenovis, Marmite, Marmite (New Zealand), Oxo (food), Vegemite, Vitam-R, Others. Based on Nature, the Yeast-based Spreads Market is segmented into Organic, Non-GMO, and Conventional. In terms of end-use, it has been classified into Food Services and Business to Consumers, where Food Services is further classified into Hotels, Restaurants and Cafes. And Business to Consumers is further classified into Hypermarkets/Supermarkets, Convenience Stores, Mom & Pop Stores, Discount Stores, Food Specialty Stores, Independent Small Groceries, Online Retail, Other Retail Formats. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

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Powdered Cellulose Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2031

Changing consumer diet style and sedentary lifestyles are often associated with concerns and diseases related to lifestyle changes. In order to overcome these problems, consumers are turning their attention to preventive healthcare and consuming nutritious foods and healthy diet for the benefit of their health and wellbeing. According to a Future Market Insights (FMI) report, changing consumer behaviour will result in high demand for powdered cellulose in the coming years. The study predicts the market’s valuation to surpass US$ 180 Mn by 2021.

Powdered cellulose is derived from various natural sources such as softwood/hardwood pulp, cotton linter, bamboo and many more in the list, which contains rich source of dietary fiber. Owing to the unique functionalities such as emulsifier, stabilizer, thickener and many other, powdered cellulose are significantly used in bakery products, frozen desserts, beverages, dairy products and more.

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According to FMI, the food and beverages industry will emerge as the chief end user, accounting for a little below 22% sales register in 2021. Besides this, the rising demand from construction, pharmaceutical, and other industries will continue supporting the expansion of the market.

The FMI studies deeply into the dynamics to offer remarkable insights into powdered cellulose market. Some of these are:

Powdered cellulose market will register above 6% CAGR between 2021 and 2031
The U.S. has emerged as a key market, accounting for over 60% sales in North America
The increasing demand from various industries will enable the U.K. market exhibit a little below 4% y-o-y growth in 2021
The expansion of food and construction sectors will support growth in Germany and France
China will lead East Asia, thanks to the rising demand from the food industry

“Higher focus on healthy eating have attracted attention towards ingredient list of food products. In general there is higher demand for food products containing ingredients derived from natural sources. This has resulted in increasing use of powdered cellulose as emulsifier and gelling agents in sauces and mixes. The demand for powdered cellulose will therefore continue increasing through the forecast period.” said a lead analyst at FMI

Application of Powdered Cellulose in the Construction Industry to Surge

Fine fibrous structure powdered cellulose consisting minerals and metallic oxides is finding increasing application in the construction sector. During the welding function powdered cellulose protect from oxidation. Therefore it helps to improve the stability and welding function.

Furthermore, owing the functionality as coating and gelling agent, powdered cellulose is used in tile adhesives, cement renders, putty powder, and others. Manufacturers are using powdered cellulose in various construction and welding materials because it improves the operation time. Increasing use in the construction sector will continue supporting expansion of the market.

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Who is winning?

Some of the key players operating in powdered cellulose market Jelu-Werk J. Ehrler GmbH & Co. KG, J. Rettenmaier & Söhne GmbH + Co KG, CFF GmbH & Co. KG, Mikro-Technik GmbH & Co KG, InterFiber Sp. Z.O.O, Ankit Pulps and Boards PVT. LTD., Accent Microcell Pvt. Ltd., Central Drug House (P) Ltd, NB Entrepreneurs, Natural Fiber Solutions and many others. These players are actively involving in changing market strategy, production capacity and other developments to gain competitive advantage.

For instance:

J. Rettenmaier & Söhne Company, installed its production and business plant in China in 2017.
In 2016, InterFiber expand its supplier network in Chicago and Philippines to expand its business operations

Get Valuable Insights into Powdered Cellulose Market

Future Market Insights, in its new report, presents an unbiased analysis of the global powdered cellulose market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into growth witnessed in the market. Based on the powdered cellulose market on basis of grade, has been classified as food grade, pharmaceutical grade and industrial grade. Based on functionality, powdered cellulose market are classified as thickener, stabilizer, emulsifier, gelling, coating agent and others. Based on source, powdered cellulose market is classified as soft and hard wood pulp, cotton linter pulp, bamboo, wheat straw pulp and other sources (oats, etc.). Based on end use, powdered cellulose market is classified as food & beverage industry, pharmaceuticals, cosmetics, construction industry, chemical industry, leather industry, textile industry, paper industry and others. Under food and beverage industry, powdered cellulose market further segmented as bakery & confectionery, meat & poultry product, sauces & dressings, beverages, processed food, dairy products and others. Regionally, powdered cellulose covers North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA.

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Enterprise Asset Management Market 2022 Comprehensive Shares, Historical Trends And Forecast By 2028

The global enterprise asset management market is estimated at US$ 3.21 Bn in 2022, and is predicted to close in on a valuation of US$ 4.86 Bn by 2028, surging ahead at a CAGR of 7.1% from 2022 to 2028.

Enterprise asset management accounted for around 15% share of the global asset management market. Demand for on-premise systems is likely to increase at a high CAGR over the assessment period of 2022 to 2028.

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corporate asset management market

EAM is rapidly integrating with IoT.

The proliferation of IoT in smartphones and laptops is driving the use of IoT-based applications. Integrating IoT with EAM allows you to identify performance and control modifications. IoT applications not only improve asset utilization tracking and data management, but also streamline data in a way that enables analysis of asset lifecycle and maintenance. Integrating IoT with EAM systems enables businesses to identify problems with their assets. The integration of IoT and EAM solutions is expected to play an important role in smart city development. A smart city monitors the health of all critical infrastructure.

With the growing need to ensure asset performance and advanced environmental sustainability, businesses are focusing on asset-intensive platforms to continuously track, evaluate, and manage reliability and technical and human assets. To enable asset-intensive systems to provide efficient data management and better asset utilization, the global enterprise asset management market is likely to register an increasing opportunity of approximately $55 million over the forecast period 2022-2028.

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In the Global Enterprise Asset Management report, FMI has segmented the global Enterprise Asset Management market by distribution, component, industry segment and region. In terms of component, the global enterprise asset management market is segmented into Software & Services. With the positive outlook for growing demand for next-generation tracking solutions, cloud-based deployments are estimated to create potential growth opportunities for enterprise asset management software providers. Additionally, the Software subsegment is also expected to witness a high CAGR during the forecast period. This growth may be due to the widespread adoption of these devices in IoT applications to reduce errors.

Hybrid cloud resiliency to monetize on-premises deployments

In terms of deployment, the global enterprise asset management market is segmented into on-premises and cloud. Owing to the strong adoption and penetration of cloud-based systems, the cloud-based sector is expected to create potential business opportunities in the enterprise asset management market. The on-premises sub-segment is projected to reach an approximate market opportunity of USD 42 million between 2022 and 2029. On-premises is said to be scalable, reliable, and resilient for hybrid cloud solutions. Due to these factors, the cloud-based subsegment will become a target area for asset maintenance application developers.

Additionally, based on industry vertical, the corporate asset management market is segmented into Healthcare, Manufacturing, Oil & Gas, Banking & Finance, Government, and others. While adoption of cloud-based systems, spending on new, innovative and advanced technologies is expected to increase between 2019 and 2029.

Also, geographically, the North American corporate wealth management market is expected to become a prominent player in the global corporate wealth management market owing to the advent of next-generation technological advancements in Canada and the United States. It is expected to create high potential in South Asia, especially the Chinese market. This growth potential can be attributed to the development of key ICT technology bases in South Asian countries. Additionally, the adoption of IoT-enabled EAM solutions is increasing due to free trade agreements between some countries in the Latin American region.

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competitive landscape

Major EAM vendors are investing efforts beyond traditional asset management as businesses now seek additional benefits from enterprise asset management solutions.

Oracle Corporation
SAP SE
Schneider Electric SE
AB Co., Ltd.
MRI Software LLC
CGI Co., Ltd.
Industrial and Financial Services (IFS) AB

Key questions answered in the report

What is the estimated value of the global EAM market?
What are the key drivers of the EAM market?
Which region has the highest share of the global EAM market?
Who are the most prominent players in the Enterprise Asset Management Systems market?
What are the main limitations facing enterprise asset management system providers?

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Cyber-Physical System Market 2022 Key Players, End User, Demand and Consumption by 2028

The global cyber-physical system market size is expected to grow from US$ 86,979.6 Mn in 2022 to US$ 137,566.0 Mn by 2028. The cyber-physical system market is anticipated to grow at a CAGR of 7.9% during 2022-28.

The cyber-physical system market accounted for almost 40% market share of global information security market. The cyber-physical system market is anticipated to show significant growth in coming years. This attributes to increasing adoption of cyber-physical system software & cyber-physical system hardware in various applications including smart grid, embedded systems, autonomous medical monitoring, industrial control systems, and industrial robotics systems.

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It is always wise to invest in the latest technology instead of being a laggard in terms of technology adoption. Both developed and developing countries are adopting smart technologies to enable a seamless work experience. With this, the demand for cyber-physical systems is also gaining traction across the globe, thereby compelling service providers and vendors to collaborate with solution providers and integrate various communication platforms in order to push the implementation of cyber-physical systems. The core strategies that several cyber-physical system providers are implementing are investment in research and development and partnerships with research organizations for product development. Some of the companies operating in the global cyber-physical system market are Dell EMC, Hewlett Packard Enterprises, IBM Corporation, VMware Inc., SAP SE, Schneider Electric, and Oracle.

cyber physical system market

Decreasing Prices of Networking and Sensors to Boost Adoption

The principal components of a cyber-physical system are storage units, sensors, computing unit, software, and actuators. The declining prices of sensors reduce the overall cost associated with the system, which makes it achievable for small- and medium-sized enterprises. This in turn drives the adoption and application of cyber-physical systems across various industries. Furthermore, the growing economy of several developing economies is benefiting the adoption of cyber-physical systems across the globe. The average household income of developing countries such as India, China, and Brazil among others is anticipated to increase significantly in the coming years. This will shoot up the demand and adoption of new technologically advanced systems such as IoT and CPS, as these nations have witnessed a transition in their spending behavior, and have shown positive adaptability towards such systems for an enhanced end user experience. The swelling economic growth of several developing countries is expected to drive the global cyber-physical system market.

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Data Breaches and Security Threats to Obstruct Market Growth

The core factor limiting the growth and adoption of cyber-physical systems is the dearth of security associated with these systems. As any type of system is linked with the cloud, it becomes susceptible to cyber-attacks and data breaches. Moreover, the change from a closed system to an open system has further made way for this risk. As the application of cyber-physical systems is in industries such as manufacturing, healthcare, and automotive, among others, it comprises valuable data and information that could lead to a catastrophe under a data attack. Consequently, with the threat of compromising critical data, many industries are hesitant in adopting cyber-physical systems. This can restrain market growth to a certain extent.

Cyber-Physical System Market Survey by Category

By Component:

Cyber-Physical System Hardware
Cyber-Physical System Software
Cyber-Physical System Services

By Vertical:

Aerospace and Defense
Automotive
Energy and Utility
Healthcare
Manufacturing
Consumer Electronics
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
China
Japan
Asia Pacific
Middle East & Africa

Key Questions Answered in the Report

How much is the global Cyber-Physical System Market valued at?
What is driving demand for Cyber-Physical System?
At what CAGR did demand for Cyber-Physical System increase over the past years?
What will be the demand outlook for Cyber-Physical System through 2028?
Which are the top 5 countries driving most of the demand for Cyber-Physical System?

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