Market Research Blog – Page 1410 – New Product Development

Margarine Market Set to Hit USD 55,711.7 Billion by 2033, Driven by Growing Demand for Plant-Based Alternatives | FMI

The margarine market (Mercado de margarina) is projected to increase from US$ 34,617.0 billion in 2023 to US$ 55,711.7 billion by 2033, with a CAGR of 5.1% from 2023 to 2033.

The market expansion is primarily driven by the rising demand for margarine in the culinary, health, and wellness sectors. Margarine finds applications in diverse industries, including retail, food service, personal care, cosmetics, and medical, further contributing to its market growth and widespread usage.

Margarine products offer several health advantages, including reducing the risk of heart disease, delivering essential vitamins A and D, and supporting weight reduction. Health-conscious consumers are rapidly recognizing margarine’s remarkable health benefits and versatility, leading to a surge in demand.

The potential to enhance health while providing unique flavor profiles makes margarine a popular choice among consumers seeking healthier and tastier alternatives. This trend has led to rising demand for margarine as a suitable replacement for butter in various culinary applications.

Margarine’s versatility and stability at room temperature make it a popular choice for use in various food industry applications. Its use in baking, cooking, and food processing has increased its demand in the foodservice and bakery sectors. As a result, the food industry’s reliance on margarine has positively impacted the market, driving its growth and market penetration.

Market Opportunities

The rapid growth of the margarine industry is fueled by the increasing demand for organic ingredients in these products. The growing preference for clean labels and natural ingredients presents an opportunity for margarine manufacturers to reformulate their products to meet consumer demands. By removing artificial additives and preservatives and using natural ingredients, margarine brands can position themselves as more transparent and trustworthy.

As margarine is typically made from vegetable oils and free from animal-derived ingredients, it lines up well with the preferences of plant-based and vegan consumers. As the demand for plant-based food continues to surge, there are abundant opportunities for margarine makers to capitalize on this trend and develop plant-based spreads to cater to evolving consumer preferences.

The continuous innovation in margarine products keeps the market dynamic and caters to diverse consumer needs. This includes reduced-fat options, spreads with added functional ingredients, and flavored variations. These innovations attract new customers and help retain existing ones, contributing to the overall positive growth of the margarine market.

The Asia Pacific region is expected to emerge as the prime margarine market during the forecast period. The growing popularity of plant-based and vegan diets has expanded the region’s potential consumer base for margarine.

Key Takeaways

The margarine sector is projected to expand at a CAGR of 5.1% from 2023 to 2033.
By 2033, the margarine market is projected to reach a valuation of US$ 55,711.7 billion.
In 2022, the United States dominated the margarine industry with a share of 23.0%.
In 2022, Germany expanded significantly in the margarine industry, with a share of 8.5%.
In 2022, India is projected to surge significantly in the margarine industry, exhibiting a CAGR of 4.3% through 2033.
Japan solidified its position as a key player in the margarine sector in 2022, securing a substantial 4.5% market share.

Competitors Winning Strategies

Competitors in the margarine market are adopting diverse winning strategies, such as forming partnerships, conducting advertising campaigns, expanding their networks, and introducing new products. These successful approaches are helping firms in the industry gain a competitive edge and enhance their market share. By effectively implementing these tactics, companies in the margarine sector have the potential to continue growing and achieving success in the future.

Top 10 Companies Profiled in the Margarine Market:

Land O’ Lakes
Earth Balance
Imperial
Bluebonnet
Country Crock
I Can’t Believe It’s Not Butter!
Smart Balance
Parkay
ADEKA Corporation
Grüninger AG

Recent Developments:

In March 2022, ADEKA CORPORATION’s food business, known as “RISU BRAND,” announced the introduction of a new line of plant-based foods called “Deli-PLANTS.” This specifically caters to the professional use markets. ADEKA intends to introduce its inaugural lineup of four delightful products under this brand, comprising of highly concentrated oat milk, cheese cream, whipped cream, and margarine. The sequence of these launches intends to revolutionize the perception and usage of plant-based foods in the market.

In March 2021, Grüninger AG, a renowned Swiss producer of margarine and bakery fats, successfully created an innovative technology. This new technology enables the production of palm-free, vegan, and vegetarian margarine with the added benefit of effectively masking any off-note flavors.

Complete Market Review: A Full Report Analysis

Market Segmentation

By Source:

Animal-Based
Plant-Based

By Form:

Sticks
Liquid
Tubs
Cubes

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

About Future Market Insights (FMI)

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

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Rare Sugar Market Projections: Emerging Opportunities, Technological Advances, and Market Dynamics to 2032

With a consistent 4.1% CAGR from 2022 to 2032, the rare sugar market is anticipated to surpass US$ 1.5 billion in 2022 and reach US$ 2.1 billion by 2032.

The global population is showing an inclination toward low-calorie sweeteners owing to the rise in chronic disorders such as diabetes, blood pressure, and cardiovascular diseases. The food and beverage sector has adopted the use of rare sugar such as allulose as sweeteners in bakeries, dairy food, confectionery, therapeutic food, and others.

D-tagatose, allulose, and other natural sweeteners serve as low-calorie sweeteners. These sweeteners are replacing table sugar in the food industry. Hence, the rare sugar market is anticipated to show significant growth during the forecast period of 2022 and 2032.

Rare Sugar Market: Key Drivers and Opportunities

During the onset of the COVID-19 pandemic, the entire world realized the importance of health and wellness. This aspect led to the growth of the rare sugar market owing to the rise in popularity of healthy food and beverage among the global populace. Furthermore, the increase in the sales of dietary supplements, food, beverage, pharmaceuticals, and others during the pandemic eventually may bring significant growth to the rare sugar market. During the lockdowns, other businesses got affected but the food industry and pharmaceutical sector were under the essential category so the supply of food and pharmaceuticals was smooth. These factors proved to be growth boosters for the rare sugar market.

The escalating use of D-mannose in pharmaceuticals is due to the presence of glycosylation in it which aids in ameliorating symptoms of urinary infections. Additionally, the rare sugar solutions are nutritious and low-calorie supplements to improve metabolism and the overall health may bring multiple growth opportunities for the rare sugar market during the forecast period.

The rising demand for natural cosmetics has led to the penetration of rare sugar into the cosmetic industry. The rare sugar solutions act as skin conditioners and preservatives. In addition, the awareness among the consumers regarding the ingredients present in the products is likely to boost the growth of the rare sugar market.

Key Players in the Rare Sugar Market

Douglas Laboratories
DuPont de Nemours Inc.
Naturesupplies
Sweet Cures
Hebei Huaxu
ASTRAEA Allulose
Specom Biochemical
Sanwa Starch
Tate & Lyle
Matsutami Chemical industry
Other

Recent Developments in Rare Sugar Market

Tate & Lyle and Codexis Inc have extended and strengthened their partnership in order to improve the manufacturing of two of Tate & Lyle’s newest sweeteners, TASTEVA® M Stevia and DOLCIA PRIMA® Allulose Sweetener, in January 2021. Codexis Inc is a major protein engineering and high-performance enzyme developer.
Samyang Corporation, a South Korean food company, formed a consortium in December 2021 with multinational ingredient provider Ingredion Inc., sugar beet specialist Cosun Beet Co., and major specialty starch and fibre producer Matsutani Chemical Industry Co., Ltd. to seek approval for the use of allulose as a food ingredient in the United Kingdom and Europe.

Comprehensive Industry Report: A Full Market Analysis

Rare Sugar Market by Category

By Product, Rare Sugar Market is Segmented as:

D-Mannose
Allulose
Tagatose
D-Xylose
L-Arabinose
L-Fucose

By Application, Rare Sugar Market is Segmented as:

Dietary Supplements
Cosmetics & Personal Care
Pharmaceuticals
Food & Beverages

By Region, Rare sugar Market is Segmented as:

North America
Latin America
Europe
Asia Pacific
Oceania
MEA

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Rising Demand Drives Global Industrial Food Slicers Market to 8% CAGR, Finds Future Market Insights

According to the recent FMI report, the market size for Industrial Food Slicers (Mercado de cortadoras de alimentos industriales) is anticipated to cross a value of USD 780 Mn in 2032, growing at a CAGR of 8% approximately between 2022 and 2032.

One of the important factors driving the growth of the industrial food slicer market is the growing desire for automated industrial food slicers. The automated slicer machine is widely utilized in a variety of end-user applications because it reduces downtime and improves product presentation by cutting quicker. For example, a leading vendor offers the ECD-702, an automated industrial food slicer that uses a digital food cutter to slice a variety of vegetables into various shapes. The market’s expansion is being fuelled by recent technological advancements and modernizations.

The Industrial Food Slicers Market is one of the markets that have gained during the COVID-19 pandemic significantly. Growing concerns about food safety are causing customers to turn to processed foods, which is fuelling this segment’s rise. Vendor profit margins will continue to be squeezed by intense competition, price challenges, and altering customer preferences are some of the challenges which Industrial Food Slicers have to face.

Key Takeaways from the Industrial Food Slicers Market Study:

The Industrial Food Slicers industry is contemplating measures to increase market share by emphasizing their unique selling propositions, producing appealing product packaging, offering a varied product portfolio, and presenting items on internet channels.
During 2017, the fruits and vegetables category held the largest proportion of the market.
Fruit & Vegetable contribute to the significant expansion of the food slicer market throughout the projected period due to increased knowledge about the numerous health advantages.

The use of industrial food slicers in a variety of end-user sectors, such as supermarkets, restaurants, and hotels, is propelling the market forward. The industrial food slicer manufacturers market would be driven by increased demand for convenience meals among a vast population base across different geographies due to increasing working women and families, as well as technology advances, during the projected period.

Who is winning?

Market leaders in the worldwide market for Industrial Food Slicers Market are Grote company, Hobart, Berkel, Vollrath, Bizerba, KWS, Nemco Food Equipment Ltd., Bestwood, Estell, Doyon Equipment.

The industrial food slicers market is being propelled by the widespread use of these equipment in commercial kitchens and restaurants at home. Furthermore, rising disposable income has prompted customers to adopt healthier eating habits, which has affected product mix selections at many firms, resulting in increasing adoption rates of these items throughout the world.

Due to increased demand from countries such as the United States and Canada, North America is likely to be the leading market for industrial food slicers throughout the forecast period.

Get Valuable Insights into Industrial Food Slicers Market

FMI, in its new offering, provides an unbiased analysis of industrial food slicers market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Detailed Market Breakdown: Comprehensive Full Report

Industrial Food Slicers Market by Category-

By Product:

Horizontal Slicers
Vertical Slicers
Centrifugal Slicers
Others

By Application :

Meat & Poultry
Fruit & Vegetables
Potatoes
Bread

Cheese
Fish & Seafood
Others

By Type :

U-Shaped Horizontal Trough

Ribbon Agitator

By Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Global Hibiscus Flower Powder Market Forecasted to Hit USD 215.4 Million by 2034, Reports FMI

The global hibiscus flower powder market (Mercado de polvo de flor de hibisco) is anticipated to reach a valuation of US$ 127.8 million in 2024, driven by expansion into non-food applications. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.4% between 2024 and 2034, and reaching a total valuation of approximately US$ 215.4 million by 2034.

Hibiscus flower powder serves as a valuable ingredient in formulating plant based food and beverage alternatives, as the demand for vegan and plant based products continues to rise, contributing to market growth.

Supportive government policies promoting the cultivation and processing of medicinal and aromatic plants, including hibiscus, can accelerate market growth by incentivizing investment and fostering industry development.

Collaborations between key players in the hibiscus flower powder supply chain, such as farmers, processors, manufacturers, and distributors, can streamline operations, improve quality standards, and expand market reach, fueling the overall growth.

Continuous advancements in processing technologies, such as extraction, drying, and powdering techniques, improve the quality, efficiency, and scalability of hibiscus flower powder production, augmenting the market expansion and competitiveness.

Hibiscus flowers have significant cultural and culinary importance in various regions globally. The demand for hibiscus flower powder in cooking, baking, and culinary applications is anticipated to grow, as consumers increasingly embrace diverse cuisines and ingredients.

The pet care industry is witnessing a shift towards natural and functional ingredients in pet food and supplements. Hibiscus flower powder, known for its potential health benefits, is emerging as a sought after ingredient in pet care formulations, presenting opportunities for market expansion.

The proliferation of online recipe platforms, cooking blogs, and social media influencers focusing on healthy and natural ingredients provides a platform for promoting hibiscus flower powder based recipes and products, driving consumer engagement and market prospects.

Key Takeaways from the Market Study

Global hibiscus flower powder market was valued at US$ 93.2 million in 2019.
From 2019 to 2023, the market demand expanded at a CAGR of 5.0%.
The market in Japan is expected to expand at a CAGR of 4.9% through 2034.
By packaging type, the packets segment to account for a share of 45.2% in 2024.
The market in India is expected to expand at a CAGR of 10.7% through 2034.
In terms of nature, the conventional segment to account for a share of 79.3% in 2024.

“Rising globalization and trade liberalization initiatives facilitate the cross border movement of hibiscus flower powder, opening up new markets and opportunities for producers and exporters,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the hibiscus flower powder market are Bio Organic, Herbeno Herbals, The Republic of Tea, Traditional Medicinals, Bio Actives, Wild Hibiscus Flower Co., Rena Beverage Solutions, and Fortune Health Care, among others.

Company Portfolio

The Republic of Tea provides premium quality hibiscus flower powder as part of its extensive tea offerings. Their hibiscus flower powder adds a tart and floral note to teas, contributing to unique and refreshing flavors enjoyed by tea enthusiasts.
Traditional Medicinals offers organic hibiscus flower powder known for its health promoting properties. Their hibiscus flower powder is used in herbal blends and wellness teas, valued for its antioxidant rich and soothing qualities.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global hibiscus flower powder market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the hibiscus flower powder market, the market is segmented on the basis of packaging type (packets, bags, cardboard boxes), nature (organic, conventional), application (pharmaceutical, food and beverages, cosmetics, skin care, others), and sales channel (B2B, B2C, hypermarket/supermarket, specialty stores, discount stores, online retailing), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa).

Comprehensive Industry Report: A Full Market Analysis

Segmentation Analysis of the Hibiscus Flower Powder Market

By Packaging Type:

Packets
Bags
Cardboard Boxes

By Nature:

Organic
Conventional

By Application:

Pharmaceutical
Food and Beverages
Cosmetics
Skin Care
Others

By Sales Channel:

B2B
B2C
- Hypermarket/Supermarket
- Specialty Stores
- Discount Stores
- Online Retailing

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

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Vegan Chocolate Market Projected to Grow to USD 3,814.2 Million by 2033, Boosted by Surging Popularity of Animal-Free Alternatives, Says Future Market Insights, Inc.

The vegan chocolate market stands at US$ 1,233.9 million in 2023. The market is predicted to show phenomenal growth from 2023 to 2033, growing at a CAGR of 11.9%. By the end of 2033, the market is expected to reach US$ 3,814.2 million.

Vegan chocolate production is advancing rapidly due to the rising vegan population. Vegan chocolates do not lag behind traditional chocolates in terms of variety. Dark chocolates, vegan milk chocolates, nut-based chocolates, and vanilla-based chocolates are some of the varieties in the vegan chocolate market that prove alluring to consumers. All the forms of traditional chocolates, like bars, cookies, and powder, are also represented in vegan chocolate. Advancements with the aid of technology are set to bolster the variety in the market.

Suppliers of vegan chocolates are appealing to consumers with the ethical nature of the chocolates. Marketing campaigns heavily boast of the animal and dairy-free nature of the products. The plant-based ingredients are given importance in promotional campaigns. Further, producers are also moving along with sustainability trends, making eco-friendly products with sustainable packaging. The rising demand for sugar-free and gluten-free vegan chocolates is also stimulating the market’s growth.

Key Takeaways from the Vegan Chocolate Market Report

The vegan chocolate market valuation is US$ 1,233.9 million in 2023.
Dark chocolate is winning over consumers. Dark chocolate holds an impressive 68.4% market share by product type.
Bars are the most popular form of vegan chocolates. In 2023, bars hold 74.4% of the market share by form.
The United States is a lucrative region for the vegan chocolate market. In 2023, the United States accounts for 31.5% of the market revenue.
China contributes 13.6% to the market in 2023.
Germany is another country where the vegan chocolate industry flourishes. The German market accounts for a share of 9.4% of the market.

“The intersection of vegans and the young crowd represents a significant customer base for the vegan market. The younger generation is willing to spend money on premium products. Brands in the market are packaging chocolates with toys and games to make them appealing to children. The popularity of artisanal and hand-made chocolates is also rising, driving the overall market growth,” remarks Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competition Analysis of the Vegan Chocolate Market

Established players in the chocolate industry are trying to gain a stronghold in the market. However, the field remains open for small-scale vendors. Technology remains an area of concentration for the players in the market as it allows the introduction of new products. Some prominent companies in the market are Mondelez International, The Hershey Company, Schmilk Chocolate (Chocolate Hollow, LLC), Lindt & Sprüngli, Ritter Sport, Hu Chocolate, and Alter Eco.

Vegan Chocolate Market Key Players

Mondelez International
The Hershey Company
Schmilk Chocolate (Chocolate Hollow, LLC)
Lindt & Sprüngli
Ritter Sport
Hu Chocolate
Alter Eco
TCHO
Endorfin Foods
Sjaak’s VGAN Chocolates
Divine Treasures LLC
Equal Exchange COOP
No Whey Chocolate
Others

Recent Developments in the Vegan Chocolate Market

In October 2023, Smoothie King introduced smoothie bowls with vegan chocolate. Both Açai Cocoa Haze and Coco Pitaya-Yah smoothie bowls contain dairy-free vegan chocolate.
In September 2023, Mummy Meegz innovated with the packaging of its oat milk and white chocolate product lines. In collaboration with Parkside, the packaging for the product lines was made sustainable.
In January 2020, German brand Vego teamed with Frederick Export to make its products available in the United States.

Extensive Market Research: Complete Report and Findings

Key Segments

By Product Type:

Raw Chocolate
White Chocolate
Dark Chocolate
Others

By Form:

Blended
Cookies
Bars
Granules
Liquid
Powder
Whole
Others

By Region:

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

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Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Rapid Growth in Chardonnay Market: Forecasted to Reach USD 973.3 Million by 2033 with 7% CAGR

Global demand for Chardonnay is projected to reach a market valuation of USD 498 million by the end of 2023, with an anticipated compound annual growth rate (CAGR) of 7% from 2023 to 2033, driving the market to USD 973.3 million.

Chardonnay, the highly favored white wine, continues to experience significant growth in popularity, driving substantial market expansion. Its versatile flavor profile—ranging from buttery and oaky to crisp and fruity—caters to a wide range of preferences, appealing to both novice and experienced wine enthusiasts. This growing demand solidifies Chardonnay’s dominant position in the wine market.

Chardonnay is a green-skinned grape variety widely used to produce champagne, white wine, Franciacorta, sparkling wine, and dessert wine. Originating in the Burgundy region of eastern France, Chardonnay is now commercially cultivated wherever wine is produced, from Europe to Oceania. Its popularity reached its peak in the late 1980s.

As the most widely planted grape variety globally, Chardonnay thrives in soils with high concentrations of clay, limestone, and chalk, which enhance its yield and contribute to its widespread cultivation.

High Shelf-life of White Wine Surging the Demand

The main reason behind the chardonnay market growth is the higher shelf life of white wine produced from chardonnay as it is used after a few years with the same pleasant taste and aroma.

A wide range of chardonnay can be produced across the globe, generally in cooler and warmer climates. This seasonal chardonnay offers several unique flavors.

Pineapple, yellow apple, and meyer lemon are the few examples of popular flavors of chardonnay that are preferred in a warmer climate whereas green apple, cement rock, lime, and lemon are the most common flavors preferred in cool weather.

Additionally, with increased celebration and dinner parties on several occasions and high disposable incomes lead to a surge in the intake of white wine among the population. These are the key factors that are fuelling the growth of the global market for chardonnay.

However, the climatic irregularity along with seasonal changes affects the production of raw material due to uneven and critical rainfall. These are the key factors that have a direct impact on chardonnay production.

Global Chardonnay: Key Players

Some of the key manufacturers operating their business in the global chardonnay market are

Iceland Foods Ltd
SCHUG CARNEROS ESTATE WINERY
Terra Sávia Wines
Crystallum wines
Royal Wine Corporation
Bonterra Organic Vineyards
Beringer vineyards
Scarecrow wine

The study is a source of reliable data on:

Chardonnay market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The chardonnay market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the chardonnay market report projects the attractiveness of each major segment over the forecast period.

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Chardonnay: Market Segmentation

Basis of Nature:

Organic
Conventional

Basis of Product Type:

Oaked
Unoaked

By Basis of Flavors:

Pear
Lemon
Pineapple
Apple
Vanilla
Caramelized Sugar
Pie Crust
Others

By Basis of Distribution Channel:

B2B (Direct Sales)
B2C (Indirect Sales)
Hotels
Restaurants
Pubs
Cafés
Online Retailers
Others

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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Soft Drinks Concentrates Market Expected to Expand to USD 53.1 Billion by 2032 with 4.2% CAGR

The Soft Drinks Concentrates Market was valued at USD 35.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% over the forecast period, reaching USD 53.1 billion by 2032. According to recent data from Future Market Insights, global demand for soft drinks is projected to experience a year-on-year (Y-o-Y) growth of 2.9% in 2022.

Soft drink concentrates are beverages created from distilled water, sweeteners, and flavors. Sweeteners can include high-fructose corn syrup, sugar, or other materials to enhance sweetness. The specific ingredients used vary depending on the type of soft drink being produced.

Water makes up about 80% of the total ingredients in soft drinks, which increases the weight and shipping costs. To address this issue, ingredients are processed into concentrates, reducing the overall weight and shipping expenses.

Soft drinks typically consist of sugar, flavoring, coloring, and sometimes stabilizers or fruit concentrates. The availability of diverse soft drink options and the convenience of using concentrates have driven significant growth in the global market for soft drink concentrates within the food and beverage industry.

Modern soft drinks are designed not only to taste good but also to serve as functional beverages, enriched with elements such as vitamins or minerals to support an active and health-conscious lifestyle as part of a balanced diet.

Competitive Landscape

Soft drink manufacturers are focusing on expanding their markets in Asia and Latin America. The industry is poised for growth in both developed and developing regions. Increased demand for natural and functional beverages is also driving market expansion.

Key Companies Profiled

Beverage Corp.
PepsiCo Inc.
the Coca-Cola Company
Cott Corporation
Dohler Group
Kraft Foods
Dr. Pepper Snapple Group, Inc
Others

Get in Touch for Expert Analysis: Connect with Our Specialist on Email: sales@futuremarketinsights.com

Soft Drinks Concentrates Market by Category

By Product Type:

Carbonated
Non-Carbonated

By Packaging:

Stand Up Pouches
Bottle
Cans

By Sales Channel:

On-Trade/Food Service
Institutional Sale
Retail
- Hypermarket/Supermarket
- Convenience Store
- Specialty Stores
- Liquor Shop/Beverage Exclusive
- Airport Retail
- Online Retail

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

Frequently Asked Questions

How much worth is the Soft Drinks industry?

The Soft Drinks Concentrates Market is estimated to reach sales of nearly USD 35.2 Billion by 2022.

At what CAGR is the market expected to expand through 2032?

Soft Drinks Concentrates Market revenue is expected to increase at a CAGR of around 4.2% during the period 2022 to 2032.

How was the performance of Soft Drinks over the past half-decade?

Soft Drinks sales increased a CAGR of around 3.8% over the past half-decade.

What will be the market for Fruit & Vegetable ingredients worth in 2032?

The global Soft Drinks Concentrates Market value is estimated to be around USD 53.1 Billion in 2032.

Which are the top countries driving the Soft Drinks Concentrates Market demand?

The top countries driving the Soft Drinks demand are the USA, Germany, China, and the United Kingdom.

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Automotive Wiring Harness Market Expected to Reach USD 119.31 Billion by 2033 with 8% CAGR Growth | FMI Reports

By 2033, the global automotive wiring harness market is expected to reach USD 119.31 billion, up from an estimated USD 55.26 billion in 2023, reflecting a strong compound annual growth rate (CAGR) of 8%, according to Future Market Insight.

This growth is primarily driven by the automotive industry’s shift towards vehicle electrification to enhance fuel efficiency and reduce emissions. As electric and hybrid vehicles become more prevalent, the demand for advanced wiring systems and harnesses is increasing. These components are crucial for connecting essential parts like batteries, motors, inverters, and charging infrastructure, ensuring efficient and reliable vehicle operation.

The automotive sector is undergoing significant transformation due to the rising adoption of electric vehicles. The push for cleaner and greener transportation has led to a surge in demand for high-voltage wiring harnesses, which are vital for transmitting power between the battery, motor, and electronic components. This trend is a major factor driving growth in the automotive wiring harness market.

In addition, growing concerns about road safety have boosted the demand for advanced vehicle safety features such as Advanced Driver Assistance Systems (ADAS), collision avoidance systems, lane departure warnings, and adaptive cruise control. These technologies require complex and durable wiring harnesses to seamlessly integrate sensors, cameras, and control units.

The integration of modern infotainment systems, telematics, and connectivity features in vehicles also necessitates sophisticated wiring solutions. These harnesses are essential for enabling smooth data transfer and communication between various vehicle components. As consumer demand for connected cars continues to rise, the need for advanced wiring harnesses becomes even more critical.

Today’s vehicles are equipped with a range of electronic systems, including infotainment, navigation, and connectivity options. The need for seamless integration and reliable functionality has increased the demand for efficient wiring harnesses, which are crucial for transmitting data and power throughout the vehicle. As in-car connectivity and advanced infotainment systems continue to evolve, the demand for cutting-edge wiring harnesses is expected to grow even further.

Stricter government regulations worldwide on vehicle safety, fuel efficiency, and emissions are also contributing to the market’s growth. These regulations often mandate the inclusion of specific safety features and technologies, which require additional wiring harnesses. Automotive manufacturers must comply with these regulations, and safety features like airbags, anti-lock braking systems (ABS), and electronic stability control (ESC) depend heavily on robust wiring harnesses for optimal performance.

Furthermore, the aftermarket segment presents significant growth opportunities for the automotive wiring harness market. As vehicles age, there is an increased need for wiring harness replacement and repair, creating opportunities for manufacturers and suppliers. The expansion of electric vehicle charging stations, which require wiring harnesses to support power transmission and ensure seamless connectivity, also contributes to market growth.

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Key Takeaways from the Automotive Wiring Harness Market

The automotive wiring harness industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 7.6% through 2033.
The United States held a 17.8% share of the global automotive wiring harness industry in 2022.
With a CAGR of 7.8% over the forecast period, India is predicted to develop rapidly in the automotive wiring harness industry.
In 2022, Japan had a 5.2% share of the automotive wiring harness industry globally.
The automotive wiring harness industry in China is expected to flourish speedily, registering a CAGR of 8.2% over the forecast period.
Germany accounted for 4.7% of the global automotive wiring harness industry in 2022.

Competitive Landscape in the Automotive Wiring Harness Market

Key players are actively engaged in various strategies to maintain their market position and meet the evolving demands of the automotive industry. These strategies include product innovation, research and development, partnerships and collaborations, mergers and acquisitions, and geographic expansion. Companies are focusing on developing advanced wiring harness solutions that offer higher efficiency, increased durability, and improved performance. Additionally, they are investing in technologies such as electrification and autonomous driving to cater to the growing demand for electric vehicles and advanced driver-assistance systems.

Key Players

LEONI Group
Samvardhana Motherson Group
Sumitomo Electric
Yazaki Group
Fujikura Ltd.
Lear Corporation
Furukawa Electric Co. Ltd
YURA Tech Corporation
Nexans

Recent Developments by Key Players

In July 2022, Sumitomo Wiring Systems Ltd celebrated the opening of a state-of-the-art manufacturing plant dedicated to producing automotive wiring harness products. The facility is located within the Royal Group Phnom Penh Special Economic Zone in Cambodia.

In May 2022, Marelli introduced its new Wireless Distributed Battery Management System. It enables a significant reduction in wiring harness by 90%. This innovative system enhances the flexibility, efficiency, and reliability of electric vehicles while also offering cost savings.

Key Segmentations

By Product Type:

Chassis & Safety
- Conventional Chassis
- Semi-Forward Chassis
- Full Forward Chassis
Body
- Roof
- Door & Window
- Facia
- Seat
- Interior
HVAC
Engine
Sensors

By Vehicle Type:

Passenger Cars
- Compact
- Mid-Sized
- SUV
- Luxury
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
- BEV
- PHEV

By Sales Channel:

First Fit
Replacement

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Water Softening Systems Market Forecast to Reach USD 23.3 Billion by 2033, Growing at a 6.6% CAGR | FMI Reports

The global water softening systems market is projected to reach USD 12.3 billion in 2023. This market is experiencing growth due to increased awareness of water quality and regulations that promote the adoption of innovative technologies. By 2033, the market is expected to expand to USD 23.3 billion, with a compound annual growth rate (CAGR) of 6.6% from 2023 to 2033.

A key driver of this growth is the rising consumer awareness about the importance of water quality. More people are recognizing the harmful effects of hard water on plumbing systems, household appliances, and overall water usage. As a result, there is a growing demand for water treatment solutions, such as water softening systems, to improve water quality and mitigate the issues caused by hard water.

Government policies and initiatives are also fostering a favorable environment for market growth. Programs like smart city expansions and clean water initiatives, along with a focus on preventing water contamination and ensuring access to clean, soft water, are further propelling the market forward.

Technological advancements in water softening systems are contributing to the market’s expansion as well. Innovations such as salt-free water softeners, electromagnetic water conditioners, and template-assisted crystallization (TAC) systems offer sustainable and efficient alternatives to traditional ion exchange-based softeners. These advancements reduce salt consumption, minimize water waste, and lower environmental impact, making them increasingly popular among consumers.

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Key Takeaways from the Market Study :

From 2018 to 2022, the demand for water softening system expanded at a CAGR of 4.6%
Based on design type, the twin-cylinder segment accounts for a CAGR of 6.4%
By application type, the residential segment is expected to expand at a CAGR of 6.5% during the forecast period
North America to emerge as a promising water softening system market, capturing a CAGR of 6.5%
The water softening system industry in the United Kingdom is predicted to reach US$ 12.5 billion by 2033
South Asia and the Pacific to be an opportunistic water softening system market, expected to capture a CAGR of 6.1% during the forecast period.

“Water softening systems remove minerals from hard water, preventing scaling and improving water quality in households and businesses. They employ various methods, such as ion exchange, to replace calcium and magnesium ions with sodium ions.” – says FMI Analyst.

Competitive Landscape

The global water softening system market is fragmented with several large and medium-scale players. The leading players in the water softening system market are investing in strategic agreements to capture market share.

Key Companies Profiled:

EcoWater Systems LLC
Culligan International Company
Kinetico Incorporated
Hydroflux
Envicare Technologies Pvt. Ltd.
Wychwood Water Systems Ltd.
Harvey Water Softeners Ltd.
Pelican Water Systems
BWT AG
Marlo Incorporated
Monarch Water Ltd.
Qingdao Haier Co., Ltd
Atlas Filtri
Watts Water Technologies Inc.
Feedwater Limited

Key Developments

Culligan, a prominent player in the water treatment industry, has been focusing on developing advanced water softening systems with smart features. They have introduced smart water softeners that utilize IoT technology to provide real-time monitoring and control of water softening operations. These systems offer enhanced convenience and customization options for users.
EcoWater Systems has been focusing on sustainable and eco-friendly water softening solutions. They have introduced salt-free water softeners that utilize alternative technologies such as template-assisted crystallization (TAC) to prevent scaling without the need for salt or chemicals. These systems offer environmentally friendly water treatment options.

Key Segmentations:

By Operation Type:

Electric
Non-Electric

By Application Type:

Residential
Industrial
Commercial

By Design:

Mono Cylinder
Twin Cylinder
Multi-Cylinder

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & Africa

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Global Telecom Tower Power System Market Expected to Surpass USD 7,987.8 Million by 2034, Growing at 6.7% CAGR | FMI Reports

The global telecom tower power system market is expected to reach USD 3.1 billion in 2022. Demand for these systems is projected to remain strong over the forecast period, fueled by growing investments in the electronics and telecommunications sectors. By 2034, the market is anticipated to grow to USD 7,987.8 million, with a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034, generating approximately USD 4,518.9 million in 2024.

Telecom tower power systems are essential infrastructure that ensures an uninterrupted power supply to telecommunication towers, enabling continuous network operation, particularly in areas where grid power is unreliable or unavailable.

The rising demand for telecom tower power systems corresponds with the growth of telecom tower networks in recent years. This increase is primarily driven by substantial investments and the expansion of new telecom infrastructure projects, especially in developing countries.

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Key Takeaways from Telecom Tower Power System Market Study:

Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Million in 2021, driven by presence of massive telecom infrastructure network.

Competition Outlook

The global telecom tower power system market is highly competitive with the presence of several leading players. These companies are striving to engage in partnerships and collaborations with local telecom providers to enhance their presence in emerging countries. They are also focusing on gaining funds from government bodies to improve or replace existing telecom towers. Such initiatives would not only help them provide smooth connections to consumers but also enhance power system capabilities.

A handful of companies are investing huge sums in research and development activities to come up with novel power systems with eco-friendly features. They are focusing on complying with strict government norms mandating the use of environmentally friendly raw materials to reduce emissions.

Industry Updates

In June 2024, France-based Schneider Electric, a key digital transformation firm, signed a memorandum of understanding (MoU) with Petra Engineering Industries. The latter is a reputed HVAC equipment manufacturer. This MoU is anticipated to accelerate digital transformation in Jordan.
In July 2023, the OceanStor Dorado All-flash Storage launched by China-based Huawei Technologies bagged significant industry recognition. It became the world’s first data storage product to be awarded the DEKRA Certificate for ISO14067 carbon footprint compliance.
In March 2023, United States-based General Electric announced its plan to assign over USD 450 million to improve its current manufacturing facilities in the United States.
In March 2023, Switzerland-based ABB entered into a strategic partnership with Direct Energy Partners (DEP). DEP is a digital technology start-up focused on boosting the adoption of direct current (DC) microgrids.

Key Companies Profiled:

ABB Ltd
Schneider Electric
Indus Towers Ltd.
Delta Electronics Inc.
Vertiv
STMicroelectronics NV
Bharti Infratel Ltd.
Eaton Corporation PLC.
Huawei Technologies Co Ltd.
Texas Instruments Inc

Industry Segmentation:

By Product Type:

Outdoor Telecom Power System
Indoor Telecom Power System

By Power Source:

Diesel Generator
Diesel Generator + Battery
Renewable Energy
- Solar
- Wind Turbine
- Biomass

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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