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Recent evidences showcasing health benefits of coconut milk products, coupled with consumer preference for a vegetarian diet are driving coconut milk products sales, finds Future Market Insights (FMI) in a study. According to the report, the coconut milk products market will reach a valuation of US$ 285.6 Mn by 2021. The demand in the market will continue rising as an increasing number of consumers showcase inclination for plant-based food and beverages.

Other factors such as rapid urbanization, rising number of health-conscious consumers, increasing disposable income of consumers, and their changing lifestyles especially in developing countries are expected to be a major driver for the growth of the food processing industry. Coconut milk products help in the formation of hemoglobin as they contain iron and also help in improving the health of patients suffering from anemia. Coconut milk products also strengthen immune system against various microorganisms because they have various anti-bacterial and anti-viral properties. Increasing awareness about various health benefits of coconut milk products and consumer preference for a vegetarian diet, will drive the market.

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The hectic lifestyle of people has increased the demand for ready to eat foods and processed food products. Increasing use of coconut milk powder for enhancing the functional and nutritional value, shelf life, and quality of the product will create growth opportunities in the market. According to the report, coconut milk powder accounts for over 80% of sales in the market.

Coconut milk products are used in the preparation of nutritional foods and also used as a dietary supplement because of their high nutritional content. Increasing application in the food and beverages sector will continue driving sales.

Key Takeaways from the Coconut Milk Products Market Study

• Increasing focus on health and wellness will push coconut milk product sales at 7.6% between 2021 and 2031
• As a result of rising cases of obesity and diabetes, the U.S. is exhibiting high demand for plant-based food and beverages. It will account for over 88% of coconut milk products sold in North America in 2021
• Expansion of the food sector, especially growth in confectionaries and bakeries will drive sales in the U.K. at above 7% in 2021
• Indonesia and India will emerge as key markets for coconut milk products in South Asia. Increasing coconut production will seal Indonesia’s dominance
• China will account for maximum coconut milk product sales in East Asia. Increasing demand for plant-based food items will drive sales in the country

“The increasing demand for food with high nutritional value and longer shelf life has been a key factor pushing application of coconut milk products in the food processing industry. With focus on health expected to rise, the market for coconut milk products will exhibit impressive growth in the coming years,” said a lead analyst at FMI

Vegan Food Popularity a Blessing for Coconut Milk Products Market

Vegan food is gaining popularity among consumers as a result of environmentally sustainable plant cultivation. Despite the fact that vegan food is an expensive commodity, consumers are willing to pay more for it because they want to follow safe and healthy eating habits and care about the environment. Vegan food products are becoming more common in developed and developing countries as consumers have become more aware of food safety and quality. This will have a positive impact on coconut milk products market, driving sales as a sought-after dairy alternative.

Who is winning?

Some of the leading companies involved in coconut milk products are Thai Coconut Public Company Limited, Nestle S.A., The Sambu Group, Pacific Foods of Oregon, Celebs Coconut Corporation, Grace Kennedy Limited, Asiatic Agro-Industry, Monty and Totco Corporation Limited, McCormick & Company Incorporation, Primex Coco Products Incorporation and others.

Product launches remain a chief strategy among market players. For instance, Nestlé S.A launched Nespray Coco-Up in Sri Lanka in 2018.

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Get Valuable Insights into Coconut Milk Products Market

Future Market Insights, in its new offering, provides an unbiased analysis of the coconut milk product market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the coconut milk products market based on By Product Type (Coconut Milk Powder and Coconut Cream Powder), By Nature (Organic and Conventional), By End-Use (Food and Beverage Processing, Personal Care and Cosmetics, Functional Foods and Dietary Supplements, Foodservice/HoReCa and Household), by distribution channel (Direct Sales/B2B, Indirect Sales- Hypermarkets/Supermarkets, Convenience stores, Mass Grocery Retailers, Specialty Stores and Online Retailing) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, MEA and Oceania).

 

This Vibratory Feeder Machine market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Vibratory Feeder Machine market.

Vibratory Feeder Machine Market: Market Outlook

Vibrating equipment has a long positive record in tough uses within the steel, foundry, mining, coal, and scrap industries where its ability to provide consistent performance which is highly considered. Over the past few years this technology have proven itself with expanding their application in recycling and waste recovering industries

Vibratory feeder machine can be used to convey a wide variety of products and materials. It use tubes or trays to hold the product, while vibration is used to produce a continuous series of fast hops forward for the waste. In waste recycle applications, vibratory feeders machine is often used to break down bulk loads into controllable streams and for sorting equipment feeds ]

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Government Initiatives to Spread Waste Management Awareness

Government proactive steps to create an awareness about waste management through several programs, social networking sites and advertising is also an important factor expected to enhance the overall market. In many countries, governments have started promoting waste recycling equipment by drafting policies and offering support to private companies.

Different countries have varying environmental regulations related to the waste industry. For instance, Waste Electronic and Electric Equipment Regulations an European Union (EU) directive, imposed rules regarding the disposal of WEEE (Waste Electronic and Electric Equipment). By 2006, these European regulations were incorporated in U.K. and were simplified in 2013. This has resulted in a greater number of products being recycled

Vibratory Feeder Machine Market: Dynamics

Increase in investment on waste management plans coupled with government initiatives to spread waste management awareness will likely to spur the demand vibratory feeder machine market. However, high cost of the machine will hinder the demand for vibratory feeder machine market. Other factors hampering the growth of the market are requirement for high installation cost of large-scale machines. Large-scale machines consist of conveyors, bowl feeder other high-power consuming components, which results in overall product cost inflation

Vibratory Feeder Machine Market: Trend/ Regional Outlook

With rapid industrialization and change in demographics globally, there has been a major disturbance in conserving environmental sustainability owing to the rise in waste products. To limit these growing waste volumes, the EU has redefined its policies that moves forward to recycle the waste generated. This in turn will support the demand for feeder machine market over the forecast period. Also, prevailing government initiative in North America and Eastern Europe region related to recycling waste market in turn will drive the for vibratory feeder machine market. Moreover, Latin America and MEA is also estimated to be noteworthy market over the forecast period.

According to some estimations by the UN, in 2014, 54% of the world’s population lived in cities, which is estimated to expand up to 66% by 2050. The Asia Pacific accommodates over half of the world’s population and also contributes over 50% to the global trade value. The region has diverse population and industrial distribution among countries – China and India represent over 62% of regional population. Therefore, increase in pollution will increase the waste that in turn will spur the demand for vibrator feeder machine market.

Vibratory Feeder Machine Market: Market Participants

Examples of some of the market participants/vendors identified in the Vibratory Feeder Machine market across the globe are:

• Eriez
• Carrier Vibrating Equipment, Inc.
• General Kinematics
• Fortville Feeders, Inc.
• Vibra Flight Systems Inc.
• Home City Automation, Inc.
• Vibrating Equipment, Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

• Market Segments of Automotive air filter housing
• Market Dynamics of Automotive air filter housing
• Market Size of Automotive air filter housing
• Supply & Demand of Automotive air filter housing
• Current Trends/Issues/Challenges of Automotive air filter housing
• Competition & Companies involved of Automotive air filter housing
• Technology of Automotive air filter housing
• Value Chain of Automotive air filter housing

Regional analysis includes:

• North America (U.S., Canada) Automotive air filter housing
• Latin America (Mexico, Brazil) Automotive air filter housing
• Western Europe (Germany, Italy, France, U.K, Spain) Automotive air filter housing
• Eastern Europe (Poland, Russia) Automotive air filter housing
• Asia Pacific (China, India, ASEAN, Australia & New Zealand) Automotive air filter housing
• Japan Automotive air filter housing
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa) Automotive air filter housing

The Floating Fountain report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Floating Fountain provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Floating Fountain also maps the qualitative impact of various market factors on market segments and geographies.

Vibratory Feeder Machine Market: Segmentation

On the basis of type, the Vibratory Feeder Machine market can be segmented into:

• Trommel Screens Vibratory Feeder machine
• Rotary Trommels Vibratory Feeder machine
• Others Vibratory Feeder machine

On the basis of type, the Vibratory Feeder Machine market can be segmented into:

• Semi-Automatic Vibratory Feeder machine
• Automatic Vibratory Feeder machine

On the basis of type, the Vibratory Feeder Machine market can be segmented into:

• Gravity Separator Vibratory Feeder machine
• Magnetic Separator Vibratory Feeder machine
• Linear Vibratory Feeder machine
• Circular Vibratory Feeder machine
• Sorter Vibratory Feeder machine

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

 

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research. According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires. Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires.

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Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years. The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities. Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years.

A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion. Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

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East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

 

The global vegan cheese market size was valued at US$ 2,148.7 Mn in 2019. It is forecast to exhibit at a CAGR of 8.6% between 2019 and 2028. Rising disposable income of consumers, coupled with their willingness to spend on premium products, will aid the expansion of the market, finds Future Market Insights in a report, titled “Global Vegan Cheese Market Analysis and Forecast, 2019–2028.” The report examines the factors influencing the market from a global as well as regional perspective. It discovers hidden opportunities for the leading market players. In addition to this, the report identifies the chief growth drivers, restraints, and opportunities.

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Some of the key takeaways from the report are:

• The expansion of plant-based food industry will support the growth of the vegan cheese market. With the demand for plant-based alternative rising, the market is likely to report impressive growth through the course of the forecast period.
• In terms of distribution channel, the vegan cheese market is broadly categorized into direct and indirect sales channels. Of these, the indirect sales segment holds dominant vegan cheese market share.
• Among indirect sales segments, convenience store is likely to emerge as the most attractive segment.
• Among product types available in the market, the demand for mozzarella vegan cheese is expected to remain high owing to its versatility of use in different recipes.
• On the basis of source, the almond milk segment is forecast to witness highest growth.

“Leading players are focusing on expanding their geographic presence, besides launching novel products to gain competitive advantage. In addition to these, several companies are offering cost-effective products to woo their consumers.”

Rising Incidence of Lactose Intolerance to Fuel Demand for Vegan Cheese

A considerably large section of population around the world is lactose intolerant. People with lactose intolerance can rarely enjoy delicacies prepared with milk or milk-derived ingredients. It is due to this that the demand for vegan cheese is on a rise. Vegan cheese is a plant-based dairy alternative, particularly suitable for those suffering from lactose intolerance. Against this backdrop, an increasing number of hotels, restaurants, and cafes have started introducing vegan cheese in their menu to attract consumers who prefer vegan diets and those who are lactose intolerant.

Increasing Disposable Income of Consumers Supports their Purchase Decision

In the last couple of years, consumers’ willingness to spend on exotic and humane plant-based diet has greatly increased. In addition to this, a stable increase in the demand for novel food alternatives is noticed. They are motivated by various advertisements and campaigns to obtain essential nutrients from plant-based alternatives, and this decision is supported to an extent by their increasing disposable income.

Who is winning

Despite witnessing impressive growth opportunities, lack of awareness is a key factor limiting the market’s expansion in developing and underdeveloped regions. As a result of this, conventional dairy products continue to remain popular in several potentially lucrative markets. This is a chief factor restraining the market’s expansion.

Nonetheless, the market players are likely to overcome this challenge as they invest in marketing strategies besides innovating healthier and more cost-effective vegan cheese. Also, concerns pertaining to animal welfare is expected to tip scale in favour of veganism, in turn bolstering growth opportunities for the vegan cheese market.

Some of the leading players operating in the vegan cheese market are Daiya Foods, Inc., Follow Your Heart, Go Veggie, Parmela Creamery, Kinda Co., Bute Island Foods Ltd., Vtopian Artisan Cheeses, Kite Hill, Miyoko’s Kitchen, Vermont Farmstead, and Good Planet Foods.

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Get Valuable Insights into Vegan Cheese Market

Future Market Insights, in its new report, presents an unbiased analysis of the global vegan cheese market, covering historical demand data and forecast figures for the period between 2019 and 2028. The study divulges compelling insights into growth witnessed in the market. In terms of product type, the market can be segmented into mozzarella, parmesan, cheddar, cream cheese, ricotta, and others. On the basis of form, it can be classified into shreds, blocks and wedges, and slices. Based on source, the overall vegan cheese market share can be categorized into almond milk, coconut milk, cashew milk, soy milk, and others. In addition to these, food processing, food service/ HoReCa, and household/ retail are the key end-use segments studied in the report. Furthermore, the report bifurcates the market into organic and conventional in terms of nature. On the basis of sales channel, the market covers direct sales, indirect sales, and online retailers. Regional, the global market encompasses North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, and the Middle East and Africa.