Market Research Blog

According to a latest report by Future Market Insights (FMI), global AI-enabled testing tools market revenues will grow at over 13% CAGR through 2030.

Telecom firms are leveraging the potential of AI to manage and assess large volumes of big data in an effort to draw actionable insights and offer better customer experience (CX), enhance operations, and boost revenue with better quality products and services.

With FMI projecting that 20.4 billion connected devices will be in use globally by 2020, more communication service providers (CSP) are unleashing the power of AI-enabled maintenance and testing tools in telecom industry.

AI-enabled Testing Tools Market: Key Takeaways

• Deployment of AI-enabled testing tools will rise at about 13% CAGR during 2020-2030
• Adoption of machine learning and pattern recognition for deploying AI-enabled testing tools to remain prominent
• North America will remain epicenter of value-capture opportunities, given strong presence of technology pioneers
• Market players to focus on R&D as well as deployment of ML-based multiple agent archetype

“AI has helped telecom companies scale up growth and revenues, in tandem with improving network capacities and allowing faster processing of huge chunks of data. With usage of connected devices skyrocketing, more CSPs are leaping on the bandwagon, identifying the value of AI-enabled testing tools market,” says analyst at FMI.

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COVID-19 Impact on AI-enabled Testing Tools Market

With work from home (WFH) becoming the new normal amid the COIVD-19 pandemic, deployment of enterprise-level information and communication technology (ICT) is climbing.

Telecom operators are subsequently banking on remotely operable solutions and automation enhancement tools in a bid to assure optimal functioning and counter lag in productivity. This, is turn, is fueling adoption of AI-enabled testing tools, particularly in North America, Europe, and Asia Pacific (APAC).

AI will help telecom industry reimagine customer relationships by recognizing contextualized requirements and interacting with customers via hyper-customized one-to-one contacts.

The technology will help set up mobile-network and fixed-line bundles that combine teleconferencing, VPN, and productivity apps. Such bundles will specifically attract commercial customers whose consumption of telecom services has moved from workplaces to homes and from demand in field to fixed-line demand.

AI-enabled Testing Tools Market – Competitive Intelligence

Strategic collaborations and acquisitions have become key priority for established as well as emerging players in AI-enabled testing tools market. These firms are increasingly investing in R&D activities along with their peers to stay ahead of curve. For instance,

• Perforce Software – enterprise-level development lifecycle software solution provider – has taken over TestCraft Technologies Ltd. in a bid to expand its portfolio with AI-integrated codeless testing solution of the latter that performs autonomous codeless tests and curbs maintenance needs.
• Appvance.ai – provider of AI-driven testing tools – has entered into collaboration with Innominds – software engineering service provider – with an aim to develop and deploy AI-enabled maintenance and testing tools in telecommunications industry.

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-12757

Know More About the Study

A new market research report published by Future Market Insights (FMI) on the global AI-enabled testing tools market offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the AI-enabled testing tools through four different segments – solution, technology, application, and region. The AI-enabled testing tools market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the development of AI-enabled maintenance and testing tools in telecom and product adoption across several end-use industries.

Growing popularity of aluminium die casting is expected to boost the global die casting services market. According to a recent report published by Future Market Insights (FMI), the market for die casting services is expected to reach around US$ 90 Bn by the end of 2030, rising at a CAGR of 9.7% between forecast period 2020 and 2030.

With more emphasis being given to environmental safety, the exigence for eco-friendly vehicles is increasing. Light weight components are rising in demand in order to adhere to environmental guidelines and regulations to achieve maximum fuel efficiency and minimum emissions. Thus requirement for die castings is expected to rise further in the next decade.

To cater to these needs, light weight metals like aluminium are witnessing a surge in demand within the casting industry. Owing to this, aluminium is now the most sought after metal after steel in the casting markets. The rising popularity of aluminium and other lightweight alloys are giving a positive boost to the die casting market.

Apart from automotive industry where the high quality aluminium is rising in demand, especially for premium automotive manufacturers, other sectors like construction are witnessing a shift from conventional metal steel to aluminium. This shift is seen as a key driver in the die casting market globally.

Furthermore, the technological advancements in the die casting industry are improving die casting capacity in order to offer higher production in short production runs, sophisticated processes and advanced capabilities.

To remain ahead of your competitors, request for a sample – https://www.futuremarketinsights.com/reports/sample/rep-gb-12749

Key Takeaways

• East Asia is expected to be the largest market for global die casting services market for the forecast period 2020-2030
• High pressure die casting is the leading product segment, however gravity die casting services are gaining significant growth
• Automotive industry holds a dominant place in the global die casting services market
• Growing concern regarding fuel efficiency and emissions in automotive sector are the major trends influencing the global market
• South Asia is forecasted to provide significant growth opportunities for the manufacturers during the period 2020-2030

“Die casting services companies are experimenting with novel technologies to aid in the production of more lightweight goods. They are experimenting with the use of various materials such as aluminium and brass to achieve this. In the coming years, the demand for aluminium die casting is expected to surge considerably” said a lead FMI analyst.

Covid 19 impact

Covid 19 pandemic has impacted businesses across the world in one way or other. The lockdowns imposed by the countries have impacted various industries.

Automobile and construction sectors are considered to be among the worst hit sectors globally.

Global sales of automobiles and consumer goods has seen a decline since the onset of lockdowns due to pandemic in March 2020. Since the income of many has stopped as a result of job losses, even the consumer side has been heavily impacted. People are avoiding buying consumer goods as a result.

With productions coming to a halt and transport at a standstill, the global die casting industry has witnessed the heavy impact of the pandemic.

This mindset is affecting the global die casting market in a negative way, as automobile and consumer goods sector along with construction sector are incurring heavy losses due to this.

Who is winning?

With a huge global potential for die casting services, the industry players are relying heavily on research and development for technological advancement to gain advantage over the competitors.

Apart from this new product launches are also expected to give an edge over the other players in the market. Furthermore, expansion of businesses to cater to a wider population remains one of the key strategies of the companies, with the help of mergers and acquisitions.

For instance, companies are acquiring speciality die casting foundries and merging them to cater to a bigger audience.

Dynacast Inc., for example, acquired precision die casting company Tauus ’80 and Schlieper druckguss, which is a specialty die casting company for zinc and formed a new entity called Form Technologies in 2018.

Get a Tailored Made Report to Match Your requirements, Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-12749

Some of the market players in the global  die casting services market are

Spark Minda, Kuusakoski Group, NEMAK, Ryobi Limited, Linamar Corporation, Carlton Die Castings Ltd., Form Technologies, Handtmann Group of Companies, Koch Enterprises Ltd., Premier Die Casting Company, Expromet Technologies Global Limited, Elcee Group B.V., Dean Group of Companies, Koch Enterprises Inc., MRT Castings Ltd., JPM Group, NovaCast Limited, Arrow Butler Castings Ltd, Lupton & Place Ltd., and Harrisons Die Casting, among others.

Key Segments

Product Type

• High Pressure Casting
• Low Pressure Casting
• Gravity Casting

Application

• Telecom
• Consumer Goods
• Automotive
• Electronics
• Aerospace and Defense
• Other Applications

Regional Outlook

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Rest of LATAM)
• Europe (Germany, U.K., France, Italy, Spain, BENELUX, Russia, Rest of Europe)
• Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Indonesia)
• Oceania (Australia, New Zealand)

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-12749

Global demand for citrus alcohol market is set to hover at nearly 5% growth rate, as growing preference for craft beer, and rising alcohol consumption create fertile ground. The study by Future Market Insights analyzes citrus alcohol growth in over 20 countries, building a holistic and comprehensive analysis of the market.

Increasing inclination among consumers towards craft spirits, owing to their unique and subjective taste is another key factor driving sales. The FMI study also opines that proliferating number of breweries across the world will drive demand in the long run.

The COVID-19 impact on the market will create short-term challenges through 2021-end, with steady recovery expected from 2022.

Key Takeaways

• Spirit will remain the largest selling category, capturing over 50% market share
• Glass bottles will hold nearly half of market value, owing to safety and minimal risk of leakage
• Based on sales channel, specialty stores accounted for over one-fourth of market value in 2020 and will remain the most lucrative channel.
• Asia Pacific will remain the largest regional market for citrus alcohol, backed by the presence of a large young population base with high spending on alcoholic beverages.
• Europe and North America will collectively account for nearly 50% market share, being the largest producers and consumers of alcohol.

“Market players are focusing on expanding their product portfolios and geographical presence to strengthen their foothold in the competitive landscape,” remarks FMI analyst.

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COVID-19 Impact

The outbreak of COVID-19 has impacted operations in the food and beverage sector, thus creating a downfall in the volume produced in the first and second quarters of 2020. Moreover, supply-side difficulties such as hindered distribution network and closure of sales channels.

Furthermore, altered consumer priorities during the lockdown and high demand for essential products, while distribution and sales of non-essentials, including alcoholic beverages, have been deprioritized. On the back of these facets, the growth trajectory of the citrus alcohol market will experience fluctuations during the pandemic.

Citrus alcohol market players are focusing on widening their geographical footprint and acquisitions have been identified as a crucial step to achieve the same. On these lines,

• In March 2017, Asahi Group Holdings Ltd. acquired the business of SABMiller Limited in five European countries and deemed Asahi Breweries Europe Ltd (“ABEL”) as the European subsidiary of Asahi, helping the company to expand in Europe.

FMI’s report includes profiles of some of the most prominent names in the market including

Carlsberg A/S, Diageo PLC, Asahi Group Holdings Ltd., Suntory Holdings Ltd., Halewood International Holdings PLC, Brown-Forman Corporation, Bacardi Ltd., Anheuser-Busch InBev SA/NV, and The Coca-Cola Company, among others.

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Key Segments

Product Type:

• Beer
• Spirits
• Wine
• Other Types

Packaging Type:

• Glass Bottles
• Tins
• Plastic Bottles
• Others

End-use Industry:

• Modern Trade
• Specialty Stores
• Convenience Stores
• Commercial
• Hotels/Restaurants/Bars
• Online Retailers
• Other Retailing Formats

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-12742

Region:

• North America
• Latin America
• Europe
• MEA
• APEJ
• Japan

 

Molded fiber pulp packaging will gain traction due to the expanding application in the food and beverage industry. As per a study by Future Market Insights (FMI), the sales of molded fiber pulp packaging is expected to grow at a CAGR of 5.1% between 2021 and 2031.

Molded fiber pulp packaging is accepted worldwide in protective packaging applications which provide excellent cushioning and vibration dampening properties. Applications of molded fiber pulp packaging in logistics, cosmetics, healthcare, and automotive sectors are growing rapidly.

The disruption in supply chains during the COVID-19 outbreak and the resultant restrictions have negatively impacted sales. Expansion of the food & beverage industry and the rising demand for consumer goods will generate ample growth opportunities to manufacturers in the near future.

The consumption of molded fiber pulp packaging is expected increase exponentially, as recyclable and reusable materials become coveted by leading manufacturers. Efforts to ensure safety compliance and industry standards will positively influence growth.

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By using molded fiber pulp packaging, marketers and retailers are able to meet the demand for sustainability and durability. This has captured consumer attention and has contributed to the adoption of molded fiber pulp packaging in the durables segment.

Clamshell containers are the most widely used product type in the molded fiber pulp packaging market as they are considered ideal for stacking applications in multiple end use verticals. Molded fiber pulp packaging provides resealing and re-usability characteristics, driving up the scope of sales for the foreseeable future.

Key Takeaways from Molded Fiber Pulp Packaging Market

• Trays are estimated to hold more than 34% of the market share by 2031, owing to wide scope of applications and superior durability.
• In North America, the U.S. has emerged as a mature market owing to the presence of major food & beverage manufacturers. It will register incremental opportunity of US$ 774.1 Mn.
• Transfer molded pulp products are expected to expand at a CAGR of 5.4%. This pulp type offers manufacturers a better recyclable and responsible alternative to plastic.
• China leads Asia Pacific excluding Japan and is expected to reach a valuation of US$ 2.2 Bn in 2031.
• The U.K. will dominate Europe, surpassing Germany to reach 21% of the value share by 2031. Growth in the U.K. will be supported by investments in research, and positive prospects for imports.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-2900

Why Future Market Insights?

•   Comprehensive analysis on evolving purchase pattern across different geographies
•   Detailed insights of market segments and sub-segments for historical as well as forecast period
•   A competitive analysis of prominent players and emerging players in the keyword market
•   Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Global dinner ready-to-eat food market will grow briskly in 2021, gaining from accelerated food preferences and launch of new products. In a new study, Future Market Insights (FMI), opines growth to be complemented by APAC countries, with e-commerce sales becoming preferred.

Manufacturers are emphasizing on incorporating sustainable solutions to achieve operational efficiency. 3-D printing, for instance, is touted as a highly lucrative option. Although in its nascent stages, 3-D printed food are likely to be popular on a larger scale.

Players such as Foodini and Biozoon have already penetrated the global food landscape. Research has concluded that incorporating 3-D printing has the potential to reduce greenhouse gas emissions by over 90%, utilizing just 1% of land, 4% water and 45% energy. Such promising trends are highly welcome across the dinner RTE food market.

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Key Takeaways

• Asia-Pacific to expand most rapidly, Europe to retain market dominance in the near-term forecast
• Frozen dinner RTE food to record maximum sales, attributed to rising stockpiling of instant food by consumers to survive the COVID-19 pandemic
• Prominent vendors incorporating various nutrient and flavor combinations to cater to a wider target audience
• E-commerce likely to emerge as the most lucrative dinner RTE food channel in the forthcoming forecast period

COVID-19 Impact Insights

In the initial stages, the COVID-19 pandemic exerted significant pressure on the global food supply chain, attributed to tight restrictions on logistics to curb spread of the virus. As the months passed, these restrictions have eased significantly, elevating growth prospects for dinner RTE food.

Experts conclude that in-spite of the recessionary downturn, the dinner RTE food market will continue enjoying healthy growth. Prolonged lockdowns have led to an indefinite shutdowns of office premises and educational institutions, compelling employees and students to remain indoors, thus accelerating the need for instant food.

Competitive Landscape

Prominent players in the global dinner RTE food market include General Mills Inc., Findus Group, The Kraft Heinz Company Ltd., Unilever NV, Tyson Food Inc., Sigma Alimentos S.A de C.V., Greencore Group Plc., Nestle SA, Hormel Food Corporation, Smithfield Food Inc. and ITC Limited.

New product launches, expansion of existing portfolios, strategic collaborations and mergers are some of the strategies employed by the aforementioned companies so as to remain afloat in the market.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12730

Why Future Market Insights?

•   Comprehensive analysis on evolving purchase pattern across different geographies
•   Detailed insights of market segments and sub-segments for historical as well as forecast period
•   A competitive analysis of prominent players and emerging players in the keyword market
•   Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Digitalization has rapidly taken over the world. With easy access to electronic devices and low cost data services, E-sports consumption has been steadily increasing. Online gaming has become an integral part of the society today, with the 2018 Asian games featuring E-sports as a demonstration sport in the event. The increasing audience has helped cement E-sports as an authentic professional sport, creating a flourishing market in the gaming monitors market.

The rise in demand for the online gaming activities and sports is directly related to the increase in gaming monitors supply, which forecasts the market to see an immense boost. According to the Future Market Insights (FMI), the global gaming market is predicted to rise rapidly at a CAGR of 6.0% during the period from 2020 to 2030.

KEY TAKEAWAYS FROM THE GAMING MONITORS MARKET

• Increasing E-sports championships, gaming events and game developing companies will affect the adoption of gaming monitors, giving it a boost commercially
• The gaming monitors market is expected to grow at a CAGR of 6.0% during the forecast period of 2020-2030
• Consumers from the ages of 18 to 35 years are expected to be the dominant consumer in the market
• Double the increase in market value of the 27-32 inches screen size sub segment is expected by 2030
• The consumer end-use segment is expected to continue its dominance over the forecast period with almost 75% shares in the gaming monitors market

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Improvements to Offer Better Connectivity Aiding Growth

Monitors are increasingly being made with full support for HDMI ports, DisplayPort, USB-C standard, a cable, and connector specification that have made connectivity simpler. This support has helped in eliminating the need for trouble prone and costly desktop docking stations. It also has reduced the number of connector cables needed and turn monitors into USB hubs. Many monitors also include Thunderbolt 3 ports such as downstream and upstream to provide a single-cable solution for data transfers and charging. USB-C can offer more reliability and less clutter, thus most of the players have started offering support for connections such as Thunderbolt 3 for better connectivity.”

WHO IS WINNING?

Some of the key players of the gaming monitors market are ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., Dell Inc., HP, AOC Systems Incorporated, LG Electronics, Lenovo Group Limited and Acer Inc.

The gaming monitors market is a rapidly changing and competitive market. Companies continually work to create newer designs and better technology. The companies are partaking in collaborations and partnerships to enhance their products and broaden their audience. Europe and North America are important markets, holding 50% of the global gaming monitors market share.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-11789

Why Future Market Insights?

•   Comprehensive analysis on evolving purchase pattern across different geographies
•   Detailed insights of market segments and sub-segments for historical as well as forecast period
•   A competitive analysis of prominent players and emerging players in the keyword market
•   Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Global demand for food grade glycerin is set to grow at a brisk pace in 2021, on the back of strong hand sanitizer sales. Growth is also likely to sustain beyond 2021, as hand sanitizer sales will remain resurgent, considering behavioral shifts among consumers.

According to the study, as consumers become health conscious, demand for organic grade food glycerin is acquiring immense popularity. Kosher and halal-certified food grade glycerin are becoming highly common, penetrating prospective markets.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/REP-GB-12724

Key Takeaways

• Biodiesel glycerin to acquire major traction, soap-derived glycerin to remain lucrative
• Uptake across pharmaceutical and personal care industry to be more widespread
• Asia-Pacific to retain market lucrativeness, reaching a multi-billion dollar valuation
• Processed foods to register major glycerin application, owing to growing demand for clean-label foods

COVID-19 Impact Insights

The global food grade glycerin market experienced minor deceleration in the initial months of the pandemic, attributed to global shutdowns. However, growth eventually picked up pace with consumers switching over to consumption of instant foods which require preservatives.

Moreover, increasing production of hand sanitizers has spiked demand for glycerin, an important raw ingredient and a potential disinfectant. Recently, sales of make-your-own hand sanitizer kits containing glycerin have climbed across North America.

Competitive Landscape

Prominent players operating in the global food grade glycerin market include Wilmar International Ltd., Emery Oleochemicals, IOI Oleochemicals, Croda International PLC, P&G Chemicals, KAO Corporation, Avril Group, The DOW Chemical Company (Olin Corporation), Cremer Oleo GmbH & Co KG, PT Smart TBK and Vitusa Products Inc. among others.

The aforementioned players rely on strategic collaborations, acquisitions, mergers and product deployments to remain afloat. P&G Chemicals is a leading player in the global food grade glycerin market. Its portfolio includes the Star KPO Glycerin 96%, Superol KPO Glycerin USP/FCC/FP and Star NK Glycerin 96% among others.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12724

Why Future Market Insights?

•   Comprehensive analysis on evolving purchase pattern across different geographies
•   Detailed insights of market segments and sub-segments for historical as well as forecast period
•   A competitive analysis of prominent players and emerging players in the keyword market
•   Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Global demand for paleo will grow significantly in 2021, building upon the strong leads that the market gained since 2018, according to a recent study by ESOMAR-certified market research firm Future Market Insights. According to the study, broad trends pertaining to natural and organic will rub off on paleo market prospects in the next decade. FMI opines that growth could have been stronger in 2020, however, the pandemic after-effect will be relatively less prominent in this category.

As the proportion of conscientious consumers rises, supermarket shelves are being increasingly stocked with ready-to-eat paleo-derived, prompting manufacturers to develop robust supply and value chains to ensure that end-products reach consumers in a timely and safe manner.

A plethora of options are available with respect to paleo foods- from grass-fed burgers at Carl’s Jr., the anti-GMO pledge of Chipotle to the Paleo hot bar at White Foods. Such isolated examples point to the fact that the market is in store for immense opportunities in the future.

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Key Takeaways

• Manufacturers are investing in organized retailing to deepen paleo food market penetration across key regions
• Growing tilt towards entomophagy to act as a key market growth catalyst through 2030
• US witnessing prolific expansion on the back of rising number of start-ups and collaborations between existing food manufacturers
• Paleo vegetables and fruits demand growing
• By end-use, cereal consumption likely to witness high growth through 2030

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the global paleo food market, leading to is proliferation in recent months. As restaurants and outdoor food settings remain shut, online food delivery has surged. For example, according to Credit Suisse, 80% American households increased their spending on food at home.

This is way higher than the 2018 share of 47.6%. Likewise, an increase in online grocery and food shopping due to mandatory social distancing protocols is likely to provide substantial impetus to the paleo food market across the Asia-Pacific region.

Competitive Landscape

The global paleo foods market is characterized by the presence of numerous regional and global level manufacturers, rendering it is significantly competitive. Strategic collaborations, acquisitions, product launches and innovations are the common strategies employed by the players.

Prominent players within the landscape include Caveman Foods, Black Road Food Company, Black Bear GmbH, Blue Mountain Organic Distribution, EPIC, Paleo Food Prodotti Per La, The Paleo Foods, Pacific Food of Oregon, Paleo Pure and Steve’s Paleo Goods to name a few.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12723

Why Future Market Insights?

•   Comprehensive analysis on evolving purchase pattern across different geographies
•   Detailed insights of market segments and sub-segments for historical as well as forecast period
•   A competitive analysis of prominent players and emerging players in the keyword market
•   Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Plant based pork products sales are forecast to grow multifold over the period of 2020-2030, as predicted by Future Market Insights (FMI). The rising awareness regarding health and animal welfare has paved the way for expansion of the plant based pork and meat products market. An increasing number of consumers around the world are consciously choosing plant-based meat alternatives as they grow wary about threat of infections associated with meat consumption. Spurred by this, the plant based pork sales is expected to surge considerably in the coming years.

Changing consumer preferences have even compelled fast-food chains to introduce plant-based meat patties in their menus. Steered by prevailing trends, some of the leading brands such as McDonald’s, Burger King and KFC have begun introducing products made from plant based pork and are reportedly receiving positive reactions from their customers. With increasing demand for nutrition based and cruelty free products, the plant based pork market is predicted to rise rapidly.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/REP-GB-12707

Key Takeaways

• The global plant based pork market is forecast to grow from US$ 1,233.8 Mn in 2020 to US$ 10,563.9 Mn in 2030, as predicted by FMI
• The Europe is expected to be at the fore in the global plant based pork market with a market share 42.9% in 2020
• Rising concerns regarding animal borne diseases and recent pandemic outbreaks have been resulting in consumers’ inclination towards plant based meat
• Favorable regulations in various countries across Europe and in New Zealand are supporting the expansion of the market
• FMI predicts that the burger patty segment to continue dominating among product types. By the end of 2020, the segment is forecast to account for 40.7% of the market

According to a lead analyst at FMI, “Steps taken by animal welfare groups and communities to spread awareness on animal welfare has been a chief driver of the market. This, coupled with inclination for maintaining a greener lifestyle, has been encouraging consumers to replace traditional meat items with plant-based alternatives.”

Covid-19 Impact Analysis

The pandemic has changed the world’s way of living, making consumers rethink their food choices. With aversion towards animal products due to increasing caution about diseases, consumers have shifted to a more healthy and nutritious diet. The demand for plant based pork products is expected to grow due to the awareness of animal borne diseases spread during the pandemic. Following the impact of Covid-19, there is going to be a steady rise in the consumption of such products.

Who is winning?

Some of the leading companies operating in the plant based pork market are Impossible Foods Inc., Smithfield Foods, MorningStar Farms, Gardein by Conagra Brands, Cargill Inc., Symrise, Roquette Frères S.A., Crown Soya Protien Group, Tyson Foods Inc., Sotexpro SA, Glanbia plc and Ingredion Inc.

Food manufacturers in this market are collaborating with companies to offer treat consumers with novelty, besides expanding their global footprint. For instance, Burger King has recently partnered with Impossible Foods to launch plant based pork in a large number of their outlets.

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