Lead Acid Battery Market sales to increase at 5.2% CAGR between 2021 and 2031.

The global sales of lead acid battery will be valued at over US$54.3 Bn in 2021, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2021 and 2031.

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According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 is, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is expected to have a significant contribution towards market growth in the years to come.

Key Takeaways from Lead Acid Battery Market Study

Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations. Transportation is projected to hold over 56% of the overall market share as the leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production. China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021. The markets India will surge at around 6% CAGR over the next ten years. Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

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“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across the automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst.

Lead Acid Battery Market by Category

By Product Type:

Flooded Battery AGM Battery Gel Battery

By Application:

Transportation Passenger Cars LCV HCV Two wheelers Others Motive Industrial Stationary Industrial Commercial Residential Grid Storage Others

By Sales Channel:

OEM Aftermarket

By Region:

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

Competitive Landscape

The lead acid battery market is highly competitive at regional and global levels, and highly merged in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

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Find More Valuable Insights

The research report analyzes demand for Lead Acid Battery. The global Lead Acid Battery market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on product type, power source, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply side and demand factors.

Car Rental Service Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

Newly released data by Future Market Insights (FMI) shows that the global car rental services market is expected to reach a valuation of US$ 134 Bn in 2021. Growing popularity of ride-sharing services is expected to augment the growth of the market, pushing sales at a 7.2% CAGR over the assessment period.

Subscription models are increasingly gaining  traction among consumers as they are cost-effective and offer more convenience. Driven by this, various OEMs are entering the market with improved service offerings, which is expected to augment the growth of the market.

Further, players are aiming to improve their present working models, while utilizing their abilities in fleet management and existing public fleet presence to gain a competitive advantage.

Vehicle subscriptions are expected to entice customers who may not represent conventional customer profiles for OEMs. For example, few extravagant OEMs are trying membership models widen their customer base.

Moreover, the car subscription model permits customers to maintain a strategic distance from upfront capital necessities and long-term contracts related with buying or renting. It also allows consumers to access comfort and adaptability with the “all-in” month-to-month expense and responsibility.

“Growing preference for economic cars and rise-sharing services, coupled with subscription models offered by market players will continue fueling growth of the market over the assessment period,” says an FMI analyst.

2016-2020 Global Car Rental Service Market Outlook Compared to 2021-2031 ForecastAdvancements in technology are enabling the expansion of web-based sales channels, which is resulting in higher sales in the market. Online platforms allow customers to rent a car anytime and anywhere. They also assist the renter in initiating and manageing their reservations and payments on the go from a smartphone or tablet.

The car rental service business is a vision of a more flexible, faster, and responsive industry. Players such as The Hertz Corporation, Enterprise Holdings Inc., Avis Budget Group, and others already utilizing updated technologies to improve their customer experience as well as service.

For instance, National Car Renta, a subsidiary of Enterprise Holdings. Inc., has come up with the latest version of its National app. The app allows customers to skip the line and pick the car of their choice where it’s available. It also allows customers to select the before they arrive at the car rental location.

Further, opaque renting is a booking platform that allows online customers to offer the value they need to pay for a specific travel-related product or service without knowing the brand. The brand is revealed after the customer makes the online purchase. This platform gives rental car companies a chance to improce sales and to use their fleet to full capacity.

These trends are gaining traction amaong market players as consumers are seeking more cost-effective car rental services. Technological advancement in mobile capabilities, combined with the development of web-based media reinforces the opaque customer’s position and draw more cost-driven customers toward the opaque booking channel.

Backed by the aforementioned factors, sales are projected to increaset at a healthy 7.2% CAGR over the assessment period.

car rental services market

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Key Takeaways:

  • Based on car type, demand for economy cars is expected to surge at a considerable pace over the forecast period.
  • In terms of end use, the on-airport segment is projected to remain dominant through 2031.
  • Sales in the mobile application segment are forecast to continue gaining traction over the forecast period.
  • The U.S. is expected to dominate the North America market owing to the presence of key market players and increasing preference for ride-sharing services.
  • Demand in the U.K. is expected to remain high due to growing prevalence of medical tourism in the country.

Competition LandscapeSome of the key players operating in the car rental services market are Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, AI Futtaim Group, Localiza-Rent A Car, Eco Rent A Car, and GlobalCARS among others.

Leading players operating in the market are offering services aligned with consumers’ expectations to gain a competitive edge in the market. Besides this, players are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. For instance:

  • In January 2020, Localiza Rent A Car SA had been ranked 7th place in customer service – EXAME / IBRC (Ibero-Brazilian Institute for Customer Relations)
  • In 2019, Enterprise Holdings, Inc. had acquired Romsey-based car rental company, SHB Hire Ltd. The latter operates a fleet of over 18,500 commercial vehicles and this acquisition would help the company to form one of the largest U.K. commercial vehicle rental business.
  • In 2019, Hertz Global Holdings and Air France jointly launched Hertz DriveU, which had designed to meet all customer transportation needs.
Car Rental Services Market by CategoryBy Car Type:

  • Economy Cars
  • Compact Cars
  • Intermediate Cars
  • Premium Cars
  • Luxury Cars
  • Others

 By End Use:

  • Intercity
  • Intracity
  • On-Airport
  • Others

By Consumer Type:

  • Business
  • Leisure

By Booking Mode:

  • Offline Access
  • Mobile Application
  • Other Internet Access

By Sector:

  • Organized
  • Unorganized

By Region:       

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

Intelligent Pigging Services Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2029

The latest market research study by Future Market Insights on intelligent pigging services includes the global industry analysis for 2014-2018 and opportunity assessment for 2019-2029. The study observes the intelligent pigging services market and offers thorough insights for the forecast period of 2019-2029. According to the analysis and study done in the report, the global intelligent pigging services market is anticipated to observe prominent progress, due to high advancements in the inspection technologies.

The intelligent pigging services market was valued at ~US$ 537 Mn in 2018 and is anticipated to expand at a CAGR of ~6% during the forecast period of 2019-2029.

The intelligent pigging services market has high potential to develop in regions such as North America, Eastern Europe, and the Middle East and Africa. North America and Western Europe have stringent pipeline safety regulations to protect the environment and avoid the business discontinuity, thereby potentially raising the demand for intelligent pigging services.

Most of the regulatory authorities across the globe lay emphasis on the regular maintenance and inspection of the oil and gas pipelines. This is due to the fact that regular supply is the key to ensure stable economic growth. The original equipment manufacturers (OEMs) and vendors are constantly investing in research and development to improve the pipeline and maintenance procedures. The advanced intelligent pigging technologies enable efficient diagnosis of flaws in the pipeline such as deformation and multi data to locate dents, corrosion and seam defects, which are being used by pipeline operators. Rapid industrialization across the globe is driving the consumption of petroleum, which will simultaneously drive the demand for intelligent pigging services.

Implementation of in-line pigging services based on MFL, UT, and EMAT technologies requires substantial capital investment, which hampers the adoption especially in developing economies such as India and ASEAN countries. According to the FMI analysis, the average pricing of intelligent pigging technologies such as MFL and UT is anticipated to increase by approximately 5%–7% on y-o-y basis over the next 10 years. Due to this high costs involved in the intelligent pigging services, various pipeline operators opt for different alternatives, which are cost-effective as compared to smart or intelligent pigging services. This is inhibiting the growth of the intelligent pigging services market globally to some extent.

North America Region to Offer Significant Growth Opportunities for Market Players

With growing technological progression and advancements in the electronic systems over the years, various original equipment manufacturers offer smaller intelligent pigs as compared to conventionally used pigs, equipped with sophisticated and small size electronic systems. This will increase the profitability of easy maintenance of pipelines with smaller diameter.

For the global intelligent pigging services market, North America is anticipated to be a prominent region throughout the forecast period, owing to the stable growth of petroleum consumption. Increasing adoption of intelligent pigging services in Eastern Europe and the Middle East and Africa along with North America and Latin America are anticipated to provide lucrative growth opportunities for the market players.

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Magnetic Flux Leakage Technology Expected to Remain Prominent

The division of the global intelligent pigging services market has been done on the basis of technology and end use along with seven regions.

  • On the basis of technology, the magnetic flux leakage technology is anticipated to remain prominent in the forthcoming years. Ultrasonic test is also anticipated to project relatively high growth over the forecast period.
  • The ultrasonic test technology has noteworthy benefits where a transducer emits an ultrasonic sound that travels in the pipeline wall. The thickness of the wall is determined by calculating the time consumed for an echo of the ultrasonic sound to return to the sensors. Pigs, which are based on UT technology, require a liquid medium in order to travel through the pipeline.

Intelligent Pigging Services Market: Vendor Insights

The global intelligent pigging services report highlights on some of the major industry players in the global market. Some of the examples of key players in the market are T.D. Williamson, Inc., LIN SCAN, GE Oil and Gas (PII Pipeline Solutions), Baker Hughes Incorporated, Enduro Pipeline Services Inc., NDT Global, OMV Group, Petrobras, Royal Dutch Shell PLC,and ConocoPhillips,among others.

Intelligent Pigging Services Market: SegmentationTechnology

  • Magnetic Flux Leakage
  • Ultrasonic Test

End Use

  • Oil
  • Gas

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

GCC Air Purifiers Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

Future Market Insights (FMI) has published a new report, which is titled, “Air Purifiers Market: GCC Industry Analysis and Opportunity Assessment 2014 – 2020.” The GCC air purifier market is anticipated expand at 17% CAGR from 2014 to 2020 and reach an evaluation of US$85 mn by 2020. One of the key factors boosting the growth of the air purifier market in GCC is the growing incidences of respiratory disorders. Increasing air pollution and dry weather in this part of the world will also fuel the demand for air purifiers. In addition to this, the effective marketing strategies employed by leading players such as road shows and promotional activities are expected to drive the sales of air purifiers in GCC region.

Some of the key factors hampering the growth of the market are analyzed in the report. The positioning of air purifier among consumers is that of a luxury good and not a necessity and this is anticipated to act as a restricting factor for the growth of this market in the GCC region. The high cost of air purifier also limits the adoption of this product. In addition to this, the cost incurred while changing the filters high. If the filters of air purifiers are not changed in time they become source of air contamination. Thus, this factor is acting as a challenge for the market of air purifiers.

On the basis of geography, the GCC air purifiers market is segmented into Kuwait, Qatar, Bahrain, Oman, UAE, and the kingdom of Saudi Arabia. Of these, the kingdom of Saudi Arabia held a leading position within the market in the past. In terms of fastest growth, the U.A.E is estimated to expand at a whopping 17% CAGR between 2014 and 2020.

On the basis of technology, the high efficiency particulate air (HEPA) segment is anticipated to be the leading segment, closely followed by the electrostatic precipitator segment. Both these segments collectively accounted for over 50% of the total market for air purifiers in GCC in the year 2014. Sluggish growth rate is anticipated for the ion and ozone generator technology segment on account of the adverse effects it has on human health in the long run. On account of the low maintenance cost, the demand for filter-less technology of air purification will see a considerable rise in the forecast period. The maintenance cost of changing filters routinely, is high. Thus, consumers in the GCC region are increasingly opting for filter-less technology for air purification.

The report profiles key players within the GCC air purifier market for the purpose of study. According to the report key players in the market and joining hands with regional players so as to strengthen deposition and enter that region. Some of the key players within the market are: Sharp Corporation, Coway, Panasonic, and Hitachi. The report studies the business and financial overview of these companies and their recent developments. The information on collaborations, partnerships, and mergers and acquisition activities between companies is also given in the report. The business strategies adopted by leading players have also been revealed. The challenges faced by players in their pursuit for progress within the market have also been divulged. As such, this report is extremely useful for both, players at the entry level and those which are well-established and potential investors, in making smart and informed decisions relating to investments in the air purifiers market.

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Key SegmentBy Technology

  • HEPA Based Air Purifier
  • Ion & Ozone Generator Based Air Purifier
  • Electrostatic Precipitator based Air Purifier
  • Activated Carbon based Air Purifier
  • Other Technology based Air Purifier

By End Use

  • Residential
  • Commercial

By Region

  • KSA
  • UAE
  • Rest of GCC

Dog Food Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

According to a recent Future Market Insights (FMI) report, the demand for dog food will surpass US$ 44.83 Bn in 2021. The market is expected to rise at a CAGR of 6.2% between 2021 and 2031.

The increasing number of dog owners is one of the key drivers of the dog food market. Rising pet ownership also is a driver of nondiscretionary and discretionary products demand including treats, toys, and various dog food products.

Some of the dog food producers are adopting aggressive marketing strategies to gain competitive edge. As a result there is increasing focus on improving the appearance of products, besides the overall quality and flavor. As a result, businesses are increasing their investments in new packaging choices.

Several companies are using recyclable boxes for dog food packaging. This is done to enhance the shelf life of dog food items and make them more appealing. As per FMI, improving visibility in shelves across hypermarkets/supermarkets, and convenience stores will give tailwinds to sales in the market.

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Key Takeaways from Dog Food Market Study:

  • The U. S. is estimated to account for 84.4% share in the North America market in 2021 and it is estimated to grow with a CAGR of 4.6% over the assessment period.
  • In Latin America, Brazil has emerged as a leading market with a 29.1% market share in 2021.
  • The UK with 20.4% share and Germany with 19.5% will retain dominance in the Europe market in 2021.
  • According to FMI’s analysis, China is accounted for more than 40% of dog food sales in East Asia.
  • India will dominate the South Asia dog food market with more than 35.0% share in year 2021.

“Growing awareness among the dog owners about the proper diet for their dog and consequent focus on research initiatives by the dog food manufacturers will result in a slew of product launches. This is expected to spur growth in the market in the coming years”, said a lead analyst at FMI

Who is Winning?

Dog owners around the world are getting more concerned about their animals’ health. They wish to provide their pets with good-quality nutritional supplements in order to help them grow and develop properly.

Because global demand for pet supplements is increasing at a rapid pace, leading manufacturers are focusing on acquisitions to expand their product portfolio, regional footprint, and distribution network.

Some of the leading companies offering dog food are Evanger’s Dog & Dog Food Company, Inc., Nestlà Purina Pet Car, P&G Pet Care, Hill’s Pet Nutrition, Del Monte Pet Products, Affinity Petcare SA, Nutro Products Inc., Unicharm PetCare Corp., Total Alimentos SA, Nutriara Alimentos Ltda., The J.M. Smucker Company, Dave’s Pet Food, Fromm Family Foods LLC, Boulder Dog Food Company, Real Pet Food Company Pty Ltd, Burgess Group PLC, Freshpet, Party Animal, Inc., Rollover Pet Food Ltd. And others.

Dog Food Market by Category

By nature:

  • Organic
  • Monoprotein
  • Conventional

By source:

  • Animal Derived
    • Fish
    • Chicken
    • Duck
    • Beef
    • Pork
    • Venison/Game
    • Lamb
    • Turkey
  • Plant-derived
  • Insect- derived
    • Crickets
    • Mealworms
    • Black soldier flies

By product type:

  • Kibble/Dry
    • Extruded
    • Baked
    • Coated
  • Treats and Chews
    • Pastes
    • Cremes / Cream-Snacks
    • Crunchy snacks
    • Chew sticks
    • Tablets
    • Biscuits
    • Jerky
    • Rawhide
  • Dehydrated Food
  • Freeze Dried Food
  • Freeze-Dried Raw
  • Wet Food
  • Frozen
  • Raw Food
  • Powder

By pet type, Dog Food market is segmented as:

  • Puppy
  • Adult
  • Senior

By packaging type:

  • Pouches
  • Bags
  • Can
  • Bottles & jars
  • Folding cartons
  • Tubs & Cups

By distribution channel:

  • Store-based Retailing
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Pet Stores
    • Discounters
    • Independent Grocery Retailers
    • Drugstores
    • Other Retail Formats
  • Online Retailers

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Points Covered in Dog Food Market Study

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Dog Food Market and How to Navigate
  • Recommendation on Key Winning Strategies

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Key Questions Answered

  • What is the demand outlook for dog food market?

The dog food market will register growth at 6.2% CAGR between 2021 and 2031.

  • What is the current dog food market size?

The dog food market is expected to total US$ 44.83 Bn by the end of 2021. In terms of volume, it is expected to surpass 10,413,401 MT

  • At what rate will dog food sales rise post pandemic?

Dog food sales will recover at an impressive pace, registering 5.1% year on year growth in 2021.

  • Who are the top players in the dog food market and what is their contribution towards sales?

Mars Incorporated,Purina, The J.M.Smicker Company,Hill’s Pet Nutrition, Affinity Petcare SA, Freshpet, Iams, Real Pet Food Company Pvt Ltd, Evanger’s Dog & Cat Food Company,Inc. Burgess Group PLC are the leading companies in the dog food market. They are expected to account for 30% to 40% of sales through 2021.

  • What is the North America dog food market outlook?

Demand for dog food will increase at 5.2% CAGR in North America between 2021 and 2031.

  • At what rate will the demand for dog food rise in Europe?

The Europe dog food market is expected to register 6% CAGR over the course of the assessment period.

  • Who are the key exporters of dog food?

Germany, UK, Thailand, France, and Netherland are the key exporters of dog food.

  • What are the key trends shaping the dog food market?

Rise in pet ownership, focus on pet humanization, and surging availability across online channels will shape the future of the dog food market.

  • What is the outlook for dog food sales in South Korea and Japan?

Japan is expected to account for 31.3% of dog food sales in East Asia, while South Korea will contribute over one-fourth of sales registered in the region in 2021.

Tomato Seed Oil Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2031

As per the latest analysis by FMI, the tomato seed oil market in Asia Pacific is projected to total US$ 52.8 million in 2021. Growing application of tomato seed oil across various industries such as food and beverage, animal feed, and cosmetics is facilitating its sales in Asia Pacific. Driven by this, the Asia Pacific market is estimated to reach US$ 106.4 million by 2031.

Demand for tomato seed oil increased at a CAGR of 5.9% between 2016 and 2020. Consumer preference for natural ingredients in their food & beverage products and growing trend of veganism amongst millennials are projected to push sales in the market at a CAGR of 7.3% over the forecast period 2021-2031

Tomato seed oil is extensively used in the production of cosmetic and personal care products such as anti-aging serums, body butter, sunscreens, and fairness cream due to its high linoleic acid, lecithin, antioxidants, and natural ultraviolet (UV) protection attributes.

Expansion of cosmetics and personal care industries in countries such as India, China, Japan, and South Korea will therefore create remunerable opportunities for sales of tomato seed oil in Asia Pacific.

Unrefined tomato seed oil is projected to emerge as the most preferred form in the market. Sale of unrefined tomato seed oil is likely to accelerate on account of its nutritional value and low concentration of chemicals. As per FMI, demand for unrefined tomato seed oil is anticipated to accounts for nearly 76.6% of the sales in the region by 2021.

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“Rising demand for clean-label ingredients within food and cosmetics industries will increase tomato seed oil demand. The market also will gain from green initiatives adopted by food producers to cater the rising demand for plant-based ingredients,” says the FMI analyst.

Key Takeaways from Tomato Seed Oil Market Analysis

  • China is anticipated to emerge as a dominant market in East Asia, accounting for nearly 22.9% of the total regional sales over the assessment period.
  • Sales of tomato seed oil in South Korea are estimated to total US$ 11.1 million, growing at a robust CAGR of 8.7% through 2031.
  • The market in Japan is projected to account for more than 11.6% of the sales in Asia Pacific, expanding at a CAGR of 6.2% during 2021-2031.
  • India is forecast to contribute over 16.6% of the overall revenue share in Asia Pacific, exhibiting sales growth at an impressive CAGR of 10.5% between 2021 and 2031.
  • Among the nature verticals, the conventional tomato seed oil is expected to lead the segment, accounting for more than 78.8% of the total sales through 2031.

Key Drivers

  • Growing application of tomato seed oil in the production of essential oils and surging use in aromatherapy owing to its high antioxidant properties are driving the market.
  • Rising penetration of e-commerce platforms and increasing availability of tomato seed oil-based products across direct and indirect sales channels are expected to facilitate the growth of the market.

Key Restraints

  • Limited shelf life of tomato seed oil due to high sensitivity to unfavorable temperature, air exposure, and the sunlight is hampering the market growth.
  • High cost of tomato seed oil, availability of substitutes are the factors hindering the market sales.

Competitive Landscape

As per FMI, top 5 companies operating in the tomato seed oil market are estimated to account for nearly 75% of the revenue share in 2021. Leading manufacturers are focusing on upscaling their digital marketing capabilities to expand their consumer base. Some of the players are engaging in agreement and strategic collaboration with other industries to increase their market share. For instance,

·  Botanic innovation, a U.S.-based producer of organic and conventional seed oils, announced adding tomato seed oil to its product portfolio. The company stated that they use NatureFresh Cold-press system to offers high quality and sustainable seed oils.

Some of the key players operating in the market profiled by FMI are:

  • AG Industries
  • AGS Organics
  • O&3
  • Puroma
  • Kazima Perfumers (est.2010)
  • SVA Organics
  • Haekels
  • EOC (Essential Oils Company)
  • Natures Natural India
  • Aramacs
  • Natural Sourcing LLC
  • Escentials of Australia
  • Sheiling Laboratories
  • PRZ Herbals Care
  • Rakesh Sandal Industries
  • Others

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More Valuable Insights on Tomato Seed Oil Market

FMI, in its new report, offers an unbiased analysis of the global tomato seed oil market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in tomato seed oil market with detailed segmentation:

By Form:

  • Refined
  • Unrefined

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • Direct sales
  • Indirect Sales
    • Grocery Retailers
    • Hypermarket/Supermarket
    • Convenience Stores
    • Wholesalers
    • Food and drink Specialty
    • Health and Wellness Stores
    • Online Retailer
    • Other Retail Format

By End-Use:

  • Food Service
  • Food and Beverages
    • Bakery
    • Confectionary
    • Dressing and Condiments
    • Sauces and Spreads
    • Ready Meals
    • Beverage Processing
    • Others
  • Cosmetic Industry
    • Skin Care
    • Lip Care
    • Hair Care
    • Cosmetic
    • Aromatherapy
  • Industrial
  • Animal Feed
  • Dietary Supplements

By Packaging:

  • Aseptic
  • Pouches
  • Bottles
  • Jerry Cans
  • Tin Plate Containers

By Countries:

  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Singapore
  • Rest Of Asia

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Key Questions Covered in the Report

  • The report offers insight into Asia Pacific tomato seed oil market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for Asia Pacific tomato seed oil market between 2021 and 2031
  • Asia Pacific tomato seed oil market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Asia Pacific tomato seed oil market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Fruit Powder Market Study For 2021 To 2031 Providing Information on Key Players, Growth Drivers and Industry Challenges

Increasing trend of vegan diet has improved the demand for fruit powder. As per Future Market Insights, the market is projected to witness robust growth, registering 7.4% CAGR during the forecast period (2021-2031).

Recently, fruit powder has gained immense popularity among the consumers because it is considered a rich source of nutrients such as vitamins, ascorbic acid, carotenoids, dietary fibre, and minerals which are essential for a healthy body.

These nutrients helps to prevent various chronic diseases such as cancer, diabetes, obesity, heart disease, arthritis, respiratory disease, stroke and immune deficiency.

Focus on in healthy lifestyle has improved the consumption of organic and plant-based food products. While the demand for processed food which are ready-to-eat is on the rise, there also is increasing focus on the ingredient list to ascertain the presence of clean ingredients that complement a healthy lifestyle.

Increasing health awareness among the consumers have increased the demand for fruit powder globally. Fruit powder benefits both the manufacturers and the consumers because of its extended shelf life. It provides convenience not only for storage but also for transportation of food items. Import and export of fruit powder is feasible owing to its efficient packaging and extended shelf life.

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Key Takeaways

  • The U.S. is expected to emerge as the largest market for fruit powder, exhibiting 5.6% CAGR between 2021 and 2031.
  • The demand for fruit powder is expected to increase at 4.1% CAGR in the U.K.
  • China and South Korea are expected to account for lion’s share of fruit powder sales in East Asia.
  • Strawberry fruit powder is expected to emerge as preferred category in terms of product type.
  • Based on nature, the demand for organic fruit powder will increase at 5.6% CAGR.

“Competition is expected to get fiercer in the market. In order to strengthen their footprint market players are expected to focus on product launches. Besides this, they are likely to enter into partnership agreements with local distributors to make deeper inroads in emerging countries,” said lead analyst at FMI.

Key Industry Players Are Launching New Fruit Powder Products in the market

Emerging countries such as Indonesia, South Africa and Peru present exceptional opportunity for growth of the market.

Companies such as European Freeze Dry Ltd. and Van Drunen Farms have revamped their strategies in developing countries and are offering greater access to their products through relaxed patent protection and expanded partnerships with manufacturers.

Fruit powder has numerous applications in the food & beverages industry such as functional beverages, confectionery, nutritional bars, bakery, dairy replacers and emulsion-type sausages, due to their nutritional and functional characteristics.

Recently, the fruit powder market has witnessed various product launches by key producers to increase their market share globally. Companies are introducing different ingredients dependent on fruit powder and different flavour for use in different segments.

For Instance- In 2020, Chaucer Foods Ltd. launched freeze dried fruit powders, to meet the rising demand for natural and healthy ingredients.

Mercer Foods, in year 2020 launched a range of freeze dried fruit powders that includes, apple powder, raspberry powder, peach powder and black currant powder.

Who is Winning?

Few of the players operating in the fruit powder market are, Kanegrade Ltd., European Freeze Dry Ltd., Drytech Process (I) Pvt. Ltd, The Green Labs LLC., Nutradry Pty Ltd, Paradise Fruits Solutions Gmbh & Co.KG, Vinayak Ingredients Private Ltd, Watershed Foods LLC., Artemis International, DMH Ingredients Inc., AS Harrison & Co Pty Ltd., RFI Ingredients. and other players.

Key players of Fruit powder are focusing on partnerships to gain larger market share and to capture new geographical areas to get access to new markets.

Get Valuable Insights into Fruit Powder Market

Future Market Insights, in its new report, presents an unbiased analysis of the fruit powder, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on the product type (strawberry, blackberry, black currant, raspberry, blueberry, peach, apple, pear, apricot and plum), by nature (organic and conventional), by end use (food processing, beverage processing, dietary supplements, pharmaceuticals and cosmetics and personal care), by technology (freeze dried, spray dried, vacuum dried and drum dried) and by region (North America, Latin America, Europe, Ukraine, East Asia, South Asia, Oceania and Middle East & Africa).

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Key Questions Answered in the Report

  • What is the fruit powder market demand outlook?

As per FMI, the fruit powder market is expected to grow at 7.4% CAGR between 2021 and 2031.

  • At what rate did the demand for fruit powder increase in the last five years?

The demand for fruit powder increased at 6.3% CAGR between 2016 and 2020.

  • Which is the most lucrative market for fruit powder?

The U.S. is one of the leading markets for fruit powder. Rising prevalence of diabetes and obesity besides other chronic ailments has been encouraging consumers towards adoption of a healthy lifestyle. This is expected to have considerable impact on the market.

  • Which are some of the leading companies offering fruit powder?

Some of the leading companies operating in fruit powder market are Kanegrade Ltd., European Freeze Dry Ltd., Drytech Process (I) Pvt. Ltd, The Green Labs LLC., Nutradry Pty Ltd, Paradise Fruits Solutions Gmbh & Co.KG, Vinayak Ingredients Private Ltd, Watershed Foods LLC., Artemis International, DMH Ingredients Inc., AS Harrison & Co Pty Ltd., and RFI Ingredients. among others.

  • Which are the key factors supporting the growth of fruit powder market?

Some of the key factors supporting the fruit powder market growth include nuanced marketing campaigns, implementation of new production techniques and expansion of product portfolio. Additionally, growing demand for organic food products is supporting the growth of fruit powder market.

  • What are the key trends shaping the fruit powder market?

Companies operating in the fruit powder market are likely to focus on product differentiation and launches to gain competitive strength. FMI expect this to remain chief trends shaping growth of the market over the forecast period.

  • Which is the most lucrative country for fruit powder sales in North America?

The U.S. has emerged as the most attractive country for sales of fruit powder within North America. Demand in the U.S. is expected to increase at 5.6% CAGR between 2021 and 2031.

  • What is driving fruit powder sales in the U.K.?

Expansion of confectionaries will create increasing opportunities for fruit powder sales in the U.K.

  • What is China’s contribution towards fruit powder sales in East Asia?

Over 40% of fruit powder sold in East Asia is expected to concentrate in China.

  • What is the outlook for fruit powder sales in South Korea?

South Korea is expected to contribute over one-fourth of fruit powder sales in East Asia.

Chlorophyll Color Market 2021 Key Methods, Historical Analysis, Application, Technology, Trends And Opportunities

According to the latest study by Future Market Insights (FMI), the chlorophyll color market is expected to be valued at US$ 126.2 Mn in 2021, exhibiting impressive growth at 9.6% CAGR through 2031.

As flavored products are becoming increasingly popular among consumers, demand for natural food color solutions that are stable and produce a two-color combination is increasing. Increased availability of food and beverage products in the retail sector is one of the key factors, stimulating market growth.

On account of the growing demand for chlorophyll color, key manufacturers are focusing on boosting production capacity to improve supply-chain efficiency and cater increasing demand of larger consumer base.

For instance, Chr. Hansen enlarged its natural color production facilities in North America in April 2018. The expansion was intended to improve the company’s supply chain capabilities, allowing it to provide natural color solutions to current and future customers.

Alongside this, growing demand for vegan and natural/organic food products is improving the adoption of natural food colors. This in turn is accelerating growth of chlorophyll color market.

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Key Takeaways from Chlorophyll Color Market Study:

  • The U.S. is estimated to account for more than 85% of the North America market in 2021, on the back of increasing awareness among consumers regarding health benefits of organic food products.
  • In Latin America, Brazil is expected to emerge as the leading market, holding over 45% share in 2021.
  • Germany is expected to dominate the EMEAI chlorophyll color market holding more than 20% share in the year 2021.
  • France is expected to show significant growth in the Chlorophyll color market during the forecast period.
  • China is dominating the APAC chlorophyll color market, accounting for more than 35% share in the APAC Chlorophyll color market.
  • Japan is expected to showcase a steady growth in the forecast period.
  • In terms of nature type, conventional segment is expected to dominate the global nature segment with a 92.0% share in year 2021
  • Based on application type, beverages segment is dominating the global chlorophyll color market with a market share of 25.3%

“With increasing preference for organic food products and natural ingredients, food producers are gradually shifting to natural food colors. Driven by proliferation of veganism, key players are extensively using natural food colors in beverage, bakery, snacks, dairy, fruit preparations / fillings,& cereal, candy / confectionery, meat, poultry, fish, & eggs, potatoes, pasta, & rice, seasonings, sauces, soups, & dressings, and pet food,” said a lead analyst in FMI

Who is winning?

Key companies in the chlorophyll color market are investing in expanding their manufacturing facilities in order to expand their product portfolio. Several local, regional, and multinational businesses are adopting strategies such as mergers and collaboration to strengthen their footprint.

Manufacturers are adopting smart labeling, including healthy ingredients, and offering appealing packaging and unique flavors to gain a competitive advantage.

Some of the leading companies offering chlorophyll color are Chr. Hansen Holding A/S, Naturex, colorMaker, Inc., BioconColors, The Hershey Company, DDW The Color House, Sensient Colors LLC, Proquimac, Amerilure, Inc., ColorMaker, Inc. and Others.

Get Valuable Insights into Chlorophyll Color Market

Future Market Insights, in its new offering, provides an unbiased analysis of the chlorophyll color market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for chlorophyll color on nature (organic, conventional), by application (beverage, bakery, snacks, & cereal, candy/confectionery, dairy, fruit preparations/fillings, meat, poultry, fish, & eggs, potatoes, pasta, & rice, sauces, soups, & dressings, seasonings, and pet food) across major regions (North America, Latin America, EMEAI and APAC).

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Key Points Covered in Chlorophyll Color Market Study

  • Market Estimates and Forecast 2016-2031
  • Key Drivers and Restraints Impacting Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Chlorophyll Color in Food and Beverage Sector and How to Navigate
  • Recommendation on Key Winning Strategies

Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

Animal Feed Probiotics Market 2021-2031: Analyzed By Business Growth, Development Factors, Applications, And Future Prospects

Over the last decade, the rise in the number of homes with pets has played a crucial part in maintaining the pet population size. During this time, the number of homes with more than one dog increased by five million, compared to a 4.8 million increase in the number of families with only one dog. Along with this, there is growing evidence supporting the use of animal feed probiotics for companion animals such as cats and dogs.

Giving good bacteria to a companion animal may also have a positive impact on chronic gastro-intestinal illnesses, mental attitude, obesity, liver disease, dental disease, and behavior difficulties.

A daily feed probiotic supplement may also provide some additional benefits for dogs, including enhanced skin and coat appearance, reduced intestinal gas, and improved breath, among other things.

Thus, the rising pet population along with growing awareness about the animal health is driving the market growth.

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Key Takeaways from the Animal Feed Probiotics Market Study:

  • On the basis of animal type, demand in livestock segment is expected to grow at a CAGR 6.7% over the forecast period and to be valued at US$ 3,483.9 Mn by 2031 end.
  • Companion animals, equine and aquaculture combined are responsible for approximately 25.7% of the market in 2021. Demand from companion animals is expected to expand at 13.7% CAGR over the forecast period and to be valued at US$ 1,533.8 Mn by 2031 end.
  • Equine is estimated to account for 5.0%, revenue share of the global animal feed probiotics market by 2021 end and is expected to gain 65 bps in its market share by 2031 over 2021. Aquaculture is expected to create absolute $ opportunity of US$ 377.6 Mn between 2021 and 2031.

 “The retail industry has become more organized and it is predicted to grow across a variety of consumer product categories. The global animal feed probiotics market is predicted to be driven by the expansion of global retail chains, both physical and digital, as well as the expansion of product lines.” said a lead analyst at FMI.

Clear and Exclusive Information about Ingredients Used on Package Attracts More Customers

Consumers have become increasingly conscious about what they feed their pets and domestic animals in recent years. Customers appreciate a box that includes information on the product’s features and benefits. The information on a box should be correct, exclusive, and displayed clearly because buyers spend relatively little time looking at it. This can also help the buyer make more informed decision.

Furthermore, one method of giving nutritional information on animal feed probiotics is to use images to indicate the ingredients as well as the elements that are not contained in them. As a result, packaging design has begun to incorporate narrative illustration in the form of a storey using graphics.

Who is winning?

Technological advances in the field of molecular biology and gene sequencing have enabled researchers and scientists to create new probiotic compositions that are more animal-friendly.

Although probiotic supplements are unquestionably good for animal growth and intestinal health, consumers nonetheless face a number of adverse consequences on animal growth. Over the projection period, the growth of new generation technology is reforming the animal feed probiotics market, creating improved prospects.

Some of the leading companies offering animal feed probiotics are Alltech, Danisco Animal Nutrition (Dupont), Chr. Hansen Holding A/S, Evonik Industries AG, Novus International, Inc., Royal DSM, Lallemand, Pure Cultures LLC, Calpis Co., Ltd., Adisseo, and Others.

Key Points Covered in Animal Feed Probiotics Market Study

  • Animal Feed Probiotics Market estimates and forecast 2015-2031
  • Key drivers and restraints impacting Animal Feed Probiotics Market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Animal Feed Probiotics Market and How to Navigate
  • Recommendation on Key Winning Strategies

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Key Questions Answered in Animal Feed Probiotics Market Report

  • Which regions will continue to remain the most profitable regional markets for animal feed probiotics market players?
  • Which factors will induce a change in the demand for animal feed probiotics during the assessment period?
  • How will the changing trends impact the animal feed probiotics market?
  • How can market players capture the low-hanging opportunities in the animal feed probiotics market in developed regions?
  • Which companies are leading the animal feed probiotics market?
  • What are the winning strategies of stakeholders in the animal feed probiotics market to upscale their position in this landscape?

About Future Market Insights

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

Plant-based Milk Market SWOT Analysis, Business Summary & Forecast 2031

Popularity of vegan diets can be attributed to popularity of veganism and rising focus on sustainable living. As per Future Market Insights (FMI), these factors will create conducive environment for the expansion of the plant based milk market. The report also forecasts the sales of plant-based milk to increase at 8.8% CAGR between 2021 and 2031.

Concerns about the humane treatment of animals have also had a significant influence in the gradual shift toward vegan diets. The market for plant-based milk is predicted to expand as a result of these factors.

Consumers have become more appreciative of and inclined toward plant-based products, such as juices and other plant-based beverages, as health and wellness concerns have grown, due to the rise in prevalence of obesity, diabetes, and cardiovascular diseases.

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Plant-based goods contribute to healthy eating habits by providing higher nutritional content, vitamins, minerals, and healthy fats. Veganism is gradually becoming more popular. Some of the countries have been identified to represent the trend from the fore at global forums. For instance:

  • In 2016, Singapore earned the spot of second-most vegan friendly Asian city by PETA Asia. Singapore was also titled the top 6th vegan city in the world by Happy Cow.
  • Hong Kong was listed in the top 10 vegan friendly countries by Peta Asia in 2020. According to a vegan business platform, Eco Warrior Princess, roughly 25% -70% of Hong Kong residents consume vegan meals.
  • Thailand witnessed the launch of several vegan restaurants and food outlets recently such as Veganerie, Vistro, May Veggie Home, and Swees among others.

Key Takeaways from the Plant-based Milk Market Study:

  • The U.S. is estimated to account for more than 80% of the North America market in 2021, supported by consumer awareness regarding nutritional foods.
  • According to FMI’s analysis, China is estimated to account for more than 60% of the Asia Pacific market in 2021, supported by easy availability of raw materials.
  • The U.K. is a high potential market in Europe, accounting for over 9.4% value share, supported by the popularity of clean label trends.
  • Sales via online retail are expected to grow at 10.8% CAGR through 2031.

“Consumers across the globe are becoming increasingly health-conscious. Increasing focus on health and wellness have been drawing them towards plant-based milk in comparison to regular diary. This also is encouraging the market players to put greater emphasis on product launches,” said a lead analyst at FMI.

Sustainability of Plant-based Milk Production to Increase its Appeal

Plant-based milk is popular among customers because of benefits it provides in terms of sustainability, nutrition, and convenience. Consumers now demand food & beverages that are good for both their bodies and environment.

There are various concerns with conventional dairy products, including inhumane livestock rearing & addition of pesticides and chemicals to dairy milk, among others. Because of its vegan origins and branding as a health product, demand for plant based milk such as oat milk is likely to increase.

Who is winning?

Manufacturers of plant-based milk are trying to attract customers by packaging their products in cartons which are creatively and beautifully crafted. It helps plant-based milk producers differentiate their beverage from the rest and draws more customers as buyers choose to purchase a more visually appealing product compared to a typical product.

Some of the leading companies offering plant-based milk are Groupe Danone, Alpina Foods, Blue Diamond Growers, Inc., Döhler GmbH, Earth’s Own Food Company Inc, Elden Foods Inc, Freedom Foods Group Ltd, Goya Foods, Groupe Danone, Hain Celestial Group, Inc, Kaslink Foods Oy Ltd, Living Harvest Foods Inc, Liwayway Holdings Company Limited, Mc Cormick & Co., Natura Foods, Nutriops SL, Organic Valley, Pacific Foods of Oregon, Inc, and others.

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Key Points Covered in Plant-based Milk Market in Food and Beverage Sector Study

  • Market estimates and forecast 2015-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Demand for Plant-based Milk and How to Navigate
  • Recommendation on Key Winning Strategies