Market Research Blog – Page 1409 – New Product Development

Flavored Whiskey Market Poised for Significant Expansion: Innovation and Consumer Preferences Fuel Growth

According to an industry report, flavored whiskey market(Mercado de whisky aromatizado) is expected to generate US$ 28,080 billion by 2023. Estimates indicate the market is forecast to reach US$ 57,052.3 billion between 2023 and 2033, representing a CAGR of 7.3%.

Packaging that stands out on store shelves and attracts consumers who appreciate design and aesthetics can help whiskey brands improve sales. Consumers are searching for whiskey alternatives that contain fewer calories or have less alcohol than traditional whiskeys. Cocktails based on whiskey, or lighter versions of them, may be preferred by health-conscious customers.

The popularity of flavored whiskeys extends beyond traditional whiskey enthusiasts. The United States whiskey sales are growing at an unprecedented rate, with a quarter of global whiskey sales in the United States. Increasingly, consumer awareness of the environment has led to a greater demand for sustainable and ethically produced spirits. The niche market for eco-friendly distilleries that use locally sourced ingredients and adhere to ethical labor standards may be growing.

Dedicated to satisfying the palates of different palates, flavored whiskey offers a unique and diverse taste profile. New consumers may be enticed to try whiskey by the added flavors, while traditional whiskey drinkers may find these offerings refreshing and approachable. Popular flavors include apple, cinnamon, honey, cherry, and vanilla, which have been well-received by consumers.

A successful flavored vodka campaign also contributed to the trend, demonstrating the market’s interest in flavored spirits more generally. A wide range of flavored whiskey products have been introduced by whiskey producers and distilleries to meet consumer demands.

As whiskey brands become more prevalent, distilleries are looking for ways to differentiate themselves. Their citrus-infused variants set them apart from the competition and provide a unique selling point. Many industries experience flavor trends, including the spirits industry.

Key Takeaways from the Market Study

The market for flavored whiskey is expected to expand by 7.4% between 2022 and 2032.
In 2032, the market for flavored whiskey is expected to reach US$ 55123 million.
The United States dominated the flavored whiskey market in 2022 with 24% of the market share.
In 2022, China accounted for a 9.8% CAGR, reflecting strong growth over the past few years.
According to estimates, the Japanese market accounted for 2% of the global market in 2022.
Germany contributed 8.7% of the global market for flavored whiskey in 2022.
The United Kingdom is represented 7.3% of flavored whiskey sales by 2022.
Between 2018 and 2022, flavored whiskey accounted for 2.2% of the market.

“Innovative marketing campaigns and attractive packaging are expected to drive demand for flavored whiskey. A variety of unique products can attract consumers’ interest and lead to higher sales for flavored whiskey in the market.” says an FMI analyst.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/flavored-whiskey-market

Competitive Landscape

Partnerships and collaborations are growing the business of flavored whiskey businesses. To expand their customer base, flavored whiskey market players are investing heavily in research and development, new product development, geographic expansion, and partnerships.

On May 2023, Elvis Whiskey introduced “Midnight Snack,” a whiskey flavored with peanut butter, bananas, and bacon. With a perfect balance of sweet, salty, savory, and smoky flavors, this decadent treat is a must-try. A fusion of music and whiskey, this flavored whiskey is reminiscent of Elvis Presley’s style.
On July 2023, Hooters applied for approval to label two new flavored whiskies, according to the Alcohol and Tobacco Tax and Trade Bureau (TTB). Hot Honey and Lemon Pepper are two questionable whiskey flavors the company plans to introduce. The new offerings will be available in 750- and 50-milliliter bottles, as indicated by the labels – seemingly inspired by two popular Hooters wing sauces.

Companies Profiled in the flavored whiskey Market

Brown-Forman Corporation
Bacardi Limited
Beam Inc
The Crown Royal Company
The Old Bushmills Distillery Co.
Pernod Ricard SA.
Diageo Plc
Allied Blenders & Distillers Pvt Ltd
Constellation Brands, Inc
La artiniquaise

Know More about What the flavored whiskey Market Report Covers

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

To understand opportunities in the flavored whiskey market, the market is segmented based on type, end-user, flavor type, and distribution channel industry type across six major regions.

Key Segments Covered in the Flavored Whiskey Industry Survey

By Type:

Bourbon
Scotch
Malted
Blended
Other Types

By End Users:

Retail
HoReCa (Hotel, Restaurant, Catering)

By Flavor Type:

Citrus
Honey
Caramel
Cider
Apple

By Distribution Channel:

Modern Store Formats
- Hypermarket/Supermarket
- Departmental Stores
- Liquor Stores
Traditional Store Formats
- Food & Drink Specialty Stores
- Independent Liquor Stores
- Others
E-commerce

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Curcumin Food Color Market to Surge: Natural Ingredients and Health Benefits Lead the Way

Curcumin pigments find their application in food as well as personal care industrial products. The curcumin food color market(Mercado de colorantes alimentarios con curcumina) is expected to reach a valuation of nearly USD 323 mn by the year 2032, pacing with a CAGR of 10.3% between 2022 to 2032.

Sales of curcumin food color accounted for ~5.9% of the sales in the global natural food colors market which was valued at US$ 1.6 Bn in 2021.

Due to the growing demand for products from the industries that manufacture alcoholic and non-alcoholic drinks, the curcumin food color sector is anticipated to have significant expansion. Additionally, over the course of the projection period, demand for curcumin food color is anticipated to be supported by expanding consumer awareness in North America and Asia Pacific, as well as growing desire for food colours obtained from non-synthetic sources.

Augmenting consumer preference for natural and organic personal care and food products is expected to spur demand for curcumin food color in the forthcoming years. Rising awareness about the benefits of organic ingredients is compelling manufacturers to use different types of natural ingredients found in consumables, packaged, and processed foods. This is changing the curcumin food color market outlook.

The harmful side effect to allergic people from the toxic ingredients in synthetic food colors is compelling consumers to opt for greener products. Furthermore, consumers are becoming more informed about the benefits of using organic and natural ingredients like curcumin through various social media platforms.

Due to the growing need for non-synthetic alternatives like curcumin food color in the creation of pastries, muffins, and cupcakes, the market for the product in the bakery application is anticipated to experience significant rise. Additionally, it is anticipated that the adoption of curcumin food color in frosting and icing will support market expansion and economic prosperity.

Key Takeaways from Market Study

The curcumin food color market is anticipated to grow at a rate of 9.2% on American continents. The US curcumin market contributes over 37% of the global Curcumin food colors market.
The European curcumin food color market is currently pegged at approximately 525 metric tons by volume and USD 25 mn by value. The demand for curcumin food color is about to grow at 9% CAGR between 2022 and 2032 in this region.
The Asia-Pacific region is poised to be the fastest-growing curcumin food color market owing to the already huge beverage sector present in South Asia and the augmenting demand for natural colorant food and beverage and personal care products.
The beverages industry commands the highest curcumin food color market share of 25%, followed by the bakery, snacks, and cereals segment and then the dairy industry. It is used as a coloring agent in cakes, cookies, and bakes and in dairy products like ice creams, butter bars, cheeses, yogurt, etc.
When compared to synthetic colorants, curcumins have lesser stability and poorer solubility which is a major restraining factor for the curcumin food color market expansion.
Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main driver for sales of curcumin food color.
Urbanization and government policies that encourage the use of natural food colors across industries are expected to fuel the curcumin food color even further.

“Curcumin food colorant manufacturers should consistently innovate and adopt creative strategies to scale in an already booming market dominated by numerous regional players. Manufacturers should also strive to make plant-based food colors like curcumin more appealing to food processing industries by enhancing their solubility and miscibility,” says a Future Market Insights analyst.

Competitive Landscape

Curcumin food color market players are participating in the various strategic alliances with leading food brands around the world to increase the reach of their products.

Some of the leading curcumin food color market players are WackerChemie AG, Chr. Hansen Holding A/S, BioMax Life Sciences, Hebei Tianxu Biotech Co., Ltd, JIAHERB, INC., Synthite Industries Ltd, BioThrive Sciences, Herboveda India Pvt. Ltd Kalsec Inc, Sensient Technology Corporation, Symrise A.G., Archer Daniels Midlands Co., Naturex S.A., DDW.

Hence, the curcumin food color market is deemed to be globally consolidated and regionally fragmented.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/curcumin-food-color-market

Curcumin Food Colors Market by Category

By Nature, the Curcumin food colors market is segmented as:

Organic
Conventional

By Application, the Curcumin food colors market is segmented as:

Bakery & Confectionery Products
Beverages
Fruit Preparations/ Fillings
Dairy Food Products
Potatoes, Pasta, and Rice
Soups, Sauces, and Dressings
Meat, Poultry, Fish, and Eggs
Seasonings
Others

By Form, the Curcumin food colors market is segmented as:

Powder
Liquid

By end-user industries, the Curcumin food colors market is segmented as:

Food Industry
Personal Care Industry
Others

About Future Market Insights (FMI)

Flavored Butter and Oils Market: Anticipating Strong Growth Through Culinary Innovation and Consumer Trends

Flavored Butter and Oils Market1 — Flavored Butter and Oils Market

The flavored butter and oils market(Mercado de mantequillas y aceites aromatizados) is projected to generate US$ 498.5 million by the end of 2023. A market of US$ 930.8 million is expected to be reached between 2023 and 2033, along with a CAGR of 6.4%. With a wide variety of flavors to choose from, flavored butter and oils captivate adventurous palates with a wide array of unique and global flavor profiles. Individuals with dietary restrictions can enjoy a wider range of flavor options with flavored butter and oils, such as vegan, gluten-free, or lactose-free.

Food trends and culinary exploration have been significantly influenced by social media platforms. Popular platforms like Instagram and TikTok like flavored butter and oils due to their attractive visual appearances. Middle-class consumers are more willing to explore upscale culinary products, such as gourmet butter and oils, marketed as premium items. Butter and oils flavored with flavors are big business in the restaurant and catering industries. As a result, chefs are often interested in finding these products in order to enhance the flavor and presentation of their food.

Specialty butter and oils in attractive packaging are popular gift ideas during the festive season. Gifts such as these make thoughtful and unique choices. Using flavor-infused butter and oils relieves users of the burden of the time-consuming marinating and seasoning processes. A time-saving cooking solution is highly regarded in busy urban lifestyles.

Key Takeaways from the Market Study

The flavored butter and oil market is predicted to reach US$ 899.3 million by 2032.
Butter and oil with flavored ingredients accounted for 479.1% of the market in 2022.
The demand for flavored oils and butter grew at a CAGR of 5.4% between 2018 and 2022.
Butter and oil flavored with aromas registered a 6.6% CAGR in 2022 in the United Kingdom.
Salted flavored butter and oils markets witness a growth rate of 80.3% value share in 2022.
The Japanese market accounted for 4.2% of the global market by the end of 2022.
A total of 40.5% of the global market for herb-flavored butter and oil was reported in 2022.
By 2022, milk & dairy applications held a 34.4% revenue share in the flavored butter and oils market.

“Experimental fusion food and growing culinary industries should drive demand over the next few years. Expanding sales by optimizing branding techniques and educating consumers about dietary restrictions and veganism to grow the market.” says an FMI analyst.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/flavored-butter-and-oils-market

Competitive Landscape

The flavored butter and oil business is undergoing a growth spurt as more companies establish strategic partnerships and collaborate with other companies.

Research and development, innovation, product development, geographic expansion, and strategic partnerships are common activities among the major players in the flavored butter and oil market.

In July 2023, Blue Diamond Growers replaced the 6-ounce can of Chilé ‘n Lime with a completely new flavor. Walmart and Blue Diamond Nut & Gift Shops will carry Honey Butter Flavored Almonds starting in six months, along with an online store at www.bluediamondstore.com. These snack almonds are reminiscent of Korean honey butter chips and boast an equally smooth honey and butter flavor.
In August 2023, McDonald’s unveiled a new McFlurry peanut butter crunch flavor. With this new McFlurry flavor, crunchy cereal mix will be paired with chunks of chocolate peanut butter cookie.

Know More about What the Flavored Butter and Oils Market Report Covers

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

To understand opportunities in the flavored butter and oil market, the market is segmented based on product type, flavoring type, application, and distribution channel industry type across six major regions.

Flavored Butter and Oils Market by Category

By Product Type:

Salted
Unsalted

By Flavoring Type:

Herb
Spices
Roots
Citrus
Vegetable
Others

By Application:

Milk and Dairy
Bakery Products
Value-added Food & Beverages
Dips & Sauces
Blends & Seasonings

By Distribution Channel:

Store-based Retailing
Hypermarkets and Supermarkets
Convenience Stores
Specialty Stores
Discounters
Forecourt Retailers
Online-based Retailing

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

The Role of Recycled Scrap Metals in Meeting Growing Industrial Demands and Sustainability Goals

The recycled scrap metal market (marché de la ferraille recyclée) is poised for significant growth, with projections indicating a compound annual growth rate (CAGR) of 5.4% over the coming years. By 2032, the market is expected to reach a valuation of approximately USD 103.97 billion. This expansion is driven by increasing demand for sustainable materials and recycling practices, coupled with rising awareness of environmental issues and resource conservation. The growth trajectory highlights the critical role of recycled metals in the global economy and underscores the industry’s potential for substantial financial and environmental impact.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

“Increasing production of electric vehicles in the automotive sector, along with rising sales of consumer electronics and wearables are anticipated to continue driving sales of recycled metal scraps over the assessment period,” says an FMI analyst.

Competitive Landscape

American Iron & Metal (AIM)
ArcelorMittal
Aurubis AG
DBW Metals Recycling
Kuusakoski
Metallon Recycling Pte Ltd.
Nucor Corporation
OmniSource, LLC
Sims Limited
TKC Metal Recycling Inc.
K-Swiss Inc.

Key players operating in the global recycled scrap metal market are focusing on increasing utilization of scrap metals to produce iron and steel to decrease waste generation and operating expenditure. Further, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

In Oct 2021, Nucor launched Econiq, a series of net-zero carbon steel products. By Econiq, Nucor is providing the lowest greenhouse emission gas steel products to steel consumers.

Steel and Construction Sectors Boost Demand for Recycled Scrap Metals – Unlock Full Insights by Accessing the Report Now!

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Surimi Market Forecast: Global Demand for Seafood Alternatives to Boost Growth

The global surimi market value(Mercado de surimi) is on a significant growth trajectory, with projections indicating it will reach a valuation of USD 6,548.3 million by 2033, expanding at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2033. Surimi, a versatile and cost-effective seafood alternative, is gaining popularity worldwide, driven by increasing demand for seafood products and the need for affordable alternatives to traditional seafood.

Key Market Drivers and Trends:

Rising Demand for Seafood and Cost-Effective Alternatives: The global appetite for seafood is growing, and surimi’s role as an affordable alternative is crucial. Made from minced fish or other seafood, surimi can be used in various dishes, from sushi to imitation crab, making it an attractive option for consumers and food service providers.
Health and Nutritional Benefits: Surimi products are low in fat and high in protein, aligning with the increasing consumer preference for healthy, protein-rich food options. This health-conscious shift is significantly boosting the consumption of surimi-based products.
Sustainability and Environmental Considerations: Surimi production helps utilize fishery bycatch, contributing to pollution control and water conservation. As consumers become more environmentally conscious, sustainable surimi manufacturing practices are gaining traction.
Innovations and Advancements: Ongoing advancements in washing processes and chemical processing methods enhance surimi production’s efficiency and quality. Extracting protein from underutilized fish species also supports market growth.

Regional Insights:

As the leading market in the Asia Pacific region, China is expected to contribute a value share of 58% by 2033. The country’s health-conscious population favors low-fat, high-protein surimi, making it a popular choice for quick and healthy meals.
The U.S. market is set to expand at a CAGR of 9.1%, reaching a valuation of USD 568.2 million by 2033. The long shelf-life of frozen surimi products and the rising popularity of Asian cuisine are driving surimi sales in the country.
With a projected CAGR of 7.2%, India offers lucrative opportunities for surimi manufacturers. The increasing demand for convenient and affordable surimi products, such as crab sticks and fish sticks, is fueling market growth.

Competitive Landscape:

Leading companies in the surimi market are implementing strategic mergers and acquisitions, along with launching new products to meet changing consumer trends and enhance product quality. Notable developments include:

Santa Bremor relocating its surimi sticks production to the Russian Sea plant in Noginsk.
Mondi providing recyclable paper packaging to Angulas Aguinaga for its Krissia brand surimi sticks, reducing plastic usage.
Maruha Nichiro introducing a new line of surimi-based products, Crab Tsumami, combining real crab meat and surimi paste.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/surimi-market

Market Segmentation:

By Species:
1. Fish Surimi (84.55% market share in 2023)
2. Meat Surimi
By Form:
1. Fresh
2. Processed (Canned, Frozen)
By Sales Channel:
1. Direct Sales
2. Indirect Sales (Modern Trade, Convenience Stores, Specialty Food Stores, Wholesale Stores, Discount Stores, Online Retail)
By Application:
1. Food Industry
2. Pharmaceutical Industry
3. Animal Feed
4. Pet Food
5. Food Service
6. Retail

About Future Market Insights (FMI)

Hydrolyzed Animal Protein Market on the Rise: Nutritional Benefits and Functional Applications Drive Demand

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

Growth Factors Fueling the Market

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

Several key factors are driving this market growth:

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

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

Historical Market Performance and Future Outlook

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

Regional Insights

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

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/hydrolyzed-animal-protein-market

Competitive Landscape

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

Recent developments include:

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

Market Segmentation

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

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Dehydrated Garlic Market Projected to Grow: Convenience and Health Benefits to Drive Market Expansion

The global dehydrated garlic market(Mercado de ajo deshidratado) will be valued at US$7.02 billion by 2024. It is estimated to increase at a moderate CAGR of 5.70% to US$12.21 billion by 2034. Various market forces are influencing this estimated enhancement in the market size.

Garlic’s versatility enhances its usability. It can also be blended with other food products, which surges its demand in the industry. Consequently, the industry’s growth results in rising demand for garlic products, which is a critical market driver.

Consumers have become more aware of their health. Natural elements are used extensively to maintain their health. Moreover, preventive measures are taken to avoid critical issues like high blood pressure, cardiovascular diseases, and other illnesses. As garlic possesses great medicinal value, its demand surges. Hence, this is another market driver.

Key Takeaways from the Market Study

The forecasted CAGR of the global dehydrated garlic market has increased compared to the historical CAGR, promising constant market growth.
A CAGR of 11.8% in the Indian market projects magnificent progress, which creates lucrative opportunities for new entrants.
With a CAGR of 10.3%, the United States of America leads North America to become a lucrative market for the production of dehydrated garlic.
Germany leads the European dehydrated garlic market with a promising CAGR of 9.8%. The surge in market demand is due to the increased consumption of convenience food.

“Due to hardneck garlic’s better shelf life, usability, and versatility, the market segment is highly exploited, which helps it secure 87.2% of the market space,” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

The competitive market space is majorly occupied by Asian organizations, which depicts the cluttered Asia-Pacific region. Organizations choose various strategies to expand in the market, including forming subsidiaries, product innovation, mergers and acquisitions, partnerships, and franchising.

The following are some of the key developments in the market:-

In November 2018, Chiping ShengKang Foodstuff Co., Ltd. extracted benefits from the Chinese agricultural department by emphasizing a wide range of crops used for protection. With the help of the initiative of the Chinese government, the organization could protect new plant varieties.
Recently, Krushi Food Industries penetrated the market by innovating and adding a new product to its product portfolio called dehydrated pink onion flakes.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the dehydrated garlic market, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

The dehydrated garlic market is segmented by variety (hardneck and softneck), by form (Chopped, Minced, Granules, Powder, Flakes, Kibbled, and Sliced), by nature (Organic and Conventional), by drying method (Air Drying, Spray Drying, Freeze Drying, Drum Drying, and Vacuum Drying), by sales channel (B2B/Direct, Food Service (HoReCa), and Retail/ B2C/Indirect), and by region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East and Africa).

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/dehydrated-garlic-market

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High Protein Flour Market to Flourish: Health and Fitness Trends Propel Global Demand

The global high protein flour market size(Mercado de harina rica en proteínas) is reached USD 16.0 billion in 2022, worldwide demand for the high protein-based flour recorded year-on-year growth of 9.5% in 2023, and thus, the industry is expected to reach USD 19.2 billion in 2024. Over the projection period (2024 to 2034), global high protein flour sales are projected to rise at an 11.4% compound annual growth rate (CAGR) and reach to a valuation of USD 56.5 billion by 2034-

The strong demand for high-protein flour is driven by several factors, including a growing emphasis on health and wellness, urbanization, and the increasing popularity of ready-to-eat and nutritious food products. As a result, both established and new manufacturers in the high-protein flour market face enormous opportunities and challenges in meeting this burgeoning demand.

Key Market Drivers:

Health-conscious Consumer Behavior: Consumers of all ages are increasingly concerned about their health, leading to a higher demand for high-protein flour. The rise in protein consumption globally and the desire for healthier food options are significant contributors to market growth.
Urbanization and Lifestyle Changes: Urban living often necessitates convenient and quick meal options. High-protein flour fits this need perfectly, supporting the market’s expansion. The growing trend of ready-to-eat and healthy foods continues to drive the sales of high-protein flour products.
Research and Innovation: Ongoing research and development are crucial for creating superior high-protein flour products. Manufacturers investing in innovative production techniques and new product offerings are well-positioned to capitalize on the market’s growth.

Regional Insights:

North America: North America remains a key player in the high-protein flour market, driven by health-conscious consumers and advanced food processing technologies. The USA and Canada are at the forefront, with significant market shares.

Europe: European countries like Germany, the UK, France, and Italy are experiencing a rise in demand for high-protein flour due to increasing health awareness and the popularity of protein-rich diets. The region’s favorable economic climate also supports market growth.

Asia-Pacific: The Asia-Pacific region, including China, India, and Japan, shows significant potential for market growth. Rising disposable incomes, urbanization, and a shift towards healthier diets contribute to the expanding demand for high-protein flour.

Middle East & Africa: The Middle East and Africa region is witnessing a steady increase in demand for high-protein flour, driven by urbanization and changing consumer preferences. Government initiatives promoting healthy diets further support market growth.

Competitive Landscape:

The high-protein flour market features key players like Archer Daniels Midland Company, Unilever Inc., ITC Ltd., Conagra Brands Inc., The Pillsbury Company LLC, General Mills, King Arthur Flour Company Inc., and North American Millers’ Association. These companies are adopting both organic and inorganic growth strategies to strengthen their market positions and meet the growing demand.

Recent Developments:

Blue Diamond Growers expanded its almond flour production capacity in August 2017, enhancing its ability to meet rising demand.
General Mills has introduced new high-protein flour products catering to the health-conscious consumer segment.

Challenges: Despite the promising growth prospects, the market faces challenges such as the increasing preference for gluten-free products due to allergies. Bridging the gap between demand and production, especially amid global warming and climate crises, remains a critical concern for manufacturers.

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Key Segments For High Protein Flour Market

By Nature:

Organic
Conventional

By Type:

Unbleached
Bleached

By Source:

Wheat
Almond

By End Users:

Food and beverages
Bakery
Confectionery
Dairy
Animal feed
Retail
Foodservice

By Distribution Channel:

Hypermarkets
Supermarkets
Specialty stores
Retail stores
Online stores

By Region:

North America
Europe
Middle East Africa
South Asia
Rest of Asia
Australia
New Zealand

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Rising Demand for Stainless Steel: How Infrastructure and Housing Projects Are Shaping the Market

The global stainless steel market (mercado de acero inoxidable) is on a steady growth trajectory, with a projected compound annual growth rate (CAGR) of 5.5% over the forecast period. Valued at approximately USD 126.38 billion in 2023, the market is expected to experience significant expansion, reaching an estimated USD 215.89 billion by 2033. This growth is driven by increasing demand across various industries, including construction, automotive, and manufacturing, as well as advancements in stainless steel production technologies and rising applications in diverse sectors.

Investments in infrastructure and housing projects are set to boost the demand for stainless steel. As a versatile material, stainless steel witnesses surging demand across industries like construction, automotive, aerospace, electronics, and healthcare. Stainless steel’s advantages over carbon steel, such as flexibility, strength, corrosion resistance, aesthetic appeal, low maintenance cost, and long product life cycle, are projected to drive market growth. The upswing in these sectors, especially in emerging markets, propels the development of the stainless steel market.

As urban centers expand and populations soar in developing regions, the need for stainless steel products in residential, commercial, and transportation projects rises accordingly. Stainless steel’s exceptional corrosion resistance positions it as the material of choice for marine, chemical, and water treatment applications, further fueling its demand. With an upsurge in manufacturing across multiple industries, stainless steel becomes indispensable for machinery, equipment, and industrial applications.

The market is set to grow significantly in the construction industry due to increased usage, presenting lucrative opportunities. Stainless steel has become more accessible and cost-effective as technology has improved its corrosion resistance and durability. The rise in construction projects, both commercial and residential, and infrastructural endeavors are likely to contribute to the increased demand for stainless steel during the forecast period.

The booming automotive industry is driving the demand for stainless steel due to its exceptional corrosion resistance, high strength, and heat resistance. These qualities make it ideal for various automotive components like seatbelt springs and hose clamps. Ongoing technological advancements in the automotive sector, especially in electric vehicles, are further fueling the adoption of stainless steel. Consequently, the growing demand from automobile manufacturers is expected to propel the stainless steel market growth significantly.

The market witnesses an upswing in specialized stainless steel grades tailored for specific applications, such as duplex stainless steel for offshore oil and gas industries and super-austenitic stainless steel for extreme corrosion environments. The aerospace industry gravitates toward lightweight stainless steel materials to enhance fuel efficiency and reduce emissions. In the food and beverage sector, the hygienic properties and ease of cleaning offered by stainless steel make it the top choice for equipment and containers used in food processing.

The market is likely to experience significant growth during the projected period due to the increasing technological advancements aimed at producing sustainable stainless steel. Global megatrends like mobility, urbanization, population, and economic development, and the impact of climate change drive this growth. Additionally, rising CO2 emissions have spurred steel producers to seek eco-friendly alternatives that are durable and recyclable at the end of their lifecycle.

The stainless steel market benefits from its eco-friendly nature, boasting high recyclability and an extended life cycle. This attracts environmentally conscious consumers and industries alike. The push toward sustainability and recycling opened opportunities for companies engaged in stainless steel recycling and processing. Continuous research and development of novel stainless steel alloys with enhanced properties present lucrative prospects to address specific and demanding applications.

Key Takeaways from the Stainless Steel Market

The stainless steel industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 4.9% through 2033, driven primarily by the country’s increasing investments in infrastructure projects and the growing demand for stainless steel products in the automotive sector.
In 2022, the United States held an 8.8% share of the global stainless steel industry, with a significant contribution driven by the country’s robust manufacturing sector and the consistent demand for stainless steel in construction projects, particularly in the booming infrastructure and real estate markets.
With a CAGR of 6.1% over the forecast period, India is predicted to develop rapidly in the stainless steel industry, propelled by the country’s ambitious government initiatives to boost infrastructure and construction projects, along with increasing demand for stainless steel in automotive, aerospace, and consumer goods manufacturing sectors.
In 2022, Japan held a 13.4% share of the global stainless steel industry, driven by its advanced technological innovations, strong export-oriented manufacturing sector, and growing demand in construction and engineering industries.
The stainless steel industry in China is poised to experience rapid growth, registering a CAGR of 5.7% over the forecast period, primarily fueled by the country’s massive infrastructure projects, rising demand in manufacturing and construction, and strong global trade presence.
In 2022, Germany accounted for 5.3% of the global stainless steel industry, with its position bolstered by the country’s highly developed engineering and automotive sectors, along with a focus on technological advancements and precision manufacturing.

Competitive Landscape in the Stainless Steel Market

Key players are actively engaged in various strategies to maintain and expand their market presence. This includes:

investing in research and development to enhance product quality and efficiency
strategically acquiring or partnering with regional companies to strengthen their market position
adopting sustainable practices to meet increasing environmental demands

These players are closely monitoring technological advancements and consumer trends to stay competitive and meet evolving customer needs.

Stainless Steel Market Players

Outokumpu
Acerinox
Yieh United Steel Corp.
Baosteel Group
Aperam
Jindal Stainless Limited
Gerdau
Vallourec
Others

Discover the Future of Infrastructure: Stainless Steel Demand on the Rise – Read the Full Report for In-Depth Analysis!

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Pulse Flours Market Forecast to Achieve USD 38 Billion Valuation by 2033, Says FMI Report

The pulse flours market (pulsos Mercado de harinas) is expected to be valued at US$ 19.3 billion in 2023, registering a CAGR of 7.0% to US$ 38.0 billion by 2033. Due to features such as minimal fat, high fiber content, and low glycemic index, the demand for pulse flours is predicted to rise in the near future.

Increasing Adoption of Gluten-free Foods is Propelling Market Growth

Growing consumer health consciousness has resulted in the widespread acceptance of a gluten-free diet. People are becoming aware of its significance and taking considerable steps to incorporate it into their lives.

Rapid urbanization and rising disposable incomes have resulted in increased integration of pulse flour, which is fueling pulse flour market expansion. Furthermore, governments around the world are offering incentives for increased production of pulse crops, resulting in the widespread availability of pulse flour. Consumer demand for vegetarian diets and cleaner product labeling is growing, which is expected to boost market expansion.

Pulse Price Fluctuations Pose Major Roadblocks to the Market

The main threat to the pulse flours market is the variation in the price of pulses used in the production of flour. The product’s pricing is significantly reliant on the price of pulse in a specific region. Prices are minimal in Asia Pacific countries, particularly India, due to large-scale pulse production and the region’s strong emphasis on agriculture.

The rising population has increased demand for the product, resulting in an increase in low-cost imports of pulses from various economies.

Asia Pacific Region is going to be a Prominent Market

Asia Pacific is a key geographical pulse flour market. The regional market’s expansion has been boosted by rising health concerns and increased demand for gluten-free products, particularly in emerging nations such as India and China. To switch to a healthier diet, customers with higher purchasing power have begun incorporating a variety of flours into their regular meals.

The region’s agricultural growth has improved, which, combined with advances in the food processing and food service industries, has opened up new opportunities for pulse flours and boosted the market’s expansion during the historical era.

Key Takeaways

The U.S. pulse flour market is predicted to grow at a moderate CAGR of 6.6% over the forecast period, reaching US$ 10.7 billion in 2033.
The U.K. pulse flours market is estimated to increase at a CAGR of 6.3% over the forecast period, reaching US$ 1.3 billion in 2033.
The China pulse flour market is predicted to grow at a moderate CAGR of 9.5% over the forecast period, reaching US$ 3.8 billion in 2033.
The Japanese market is estimated to grow at a CAGR of 7.7% over the forecast period, reaching US$ 1.9 billion in 2033.
Throughout the forecast period, the South Korean market is predicted to grow steadily at an 8.7% CAGR, reaching US$ 1.2 billion in 2033.
Pea may grow at a CAGR of 7% in the pulse flour market over the forecast period, depending on product type.
In terms of application, the food & beverage category is expected to grow at a CAGR of 6.8% over the forecast period.

Competitive Landscape

Due to the existence of many players, the competitive landscape of the global pulse flours market is extremely fragmented. Players are pursuing methods such as mergers and acquisitions, and cooperation may assist players in gaining important market positions.

Other investments in research and development tactics may also assist vendors in gaining a substantial place in the overall market rivalry. Bob’s Red Mill Natural Foods, AGT Food and Ingredients Inc., Ingredion GmbH, Red River Commodities, Inc., Globeways Canada, Inc., and Archer Daniels Midland Company are the market leaders in pulse flour.

Recent Development

Product Launch
Ingredion Inc. launched its Prista line of pulse-based ingredient solutions in October 2021. Homecraft Prista P 101 pea flour, Vitessence® Prista P 155 pea protein concentrate, and Vitessence Prista P 360 faba bean protein concentrate are available for plant-protein-based applications such as immediate and ready-to-eat (RTE) products.
The introduction of high-performance Prista concentrates and flours is just one of the many ways Ingredion is delivering on its strategic commitments to accelerate plant-based protein growth.

Exhaustive Market Report: A Complete Study

Key Segments

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
Asia Pacific excluding Japan
The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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