Enterprise Metadata Management Market 2023 Future Analysis, Demand by Regions and Opportunities with Challenges 2033

The enterprise metadata management market is predicted to develop at an impressive 14.8% CAGR from 2023 to 2033, preceding the lower 12.7% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for enterprise metadata management, increasing the market value from US$ 2,626.9 million in 2023 to US$ 10,474.3 million by 2033.

The growing demand for data governance across numerous industries is what is driving the global market for corporate metadata management. Enterprise metadata management software optimizes IT productivity, reduces risk, improves data asset management, and assures regulatory compliance.

Between 2023 and 2033, the need for business metadata management is expected to increase globally at a CAGR of 14.8%, driven by the rising use of IoT and blockchain technologies, the growth of unstructured data, and the requirement for data security and management rules.

The requirement to lower risk and improve data confidence, as well as the growth of data warehouses and centralized data control to increase IT efficiency, are the main factors driving the global market for enterprise metadata management.

The lack of knowledge about the advantages of corporate metadata management and technical barriers to metadata storage and cross-linking restrain industry expansion.

Key Takeaways from the Enterprise Metadata Management Market:

  • The requirement to effectively manage enormous amounts of enterprise data, as well as the growing emphasis on data governance, is likely to propel the enterprise metadata management market in India to witness rapid growth with a CAGR of 17.6% by 2033.
  • The Enterprise metadata management market in the United Kingdom is expected to develop at a CAGR of 13.2% by 2033, owing to the increased usage of advanced analytics and AI technologies that rely on accurate and well-governed metadata.
  • China’s enterprise metadata management market is predicted to grow rapidly by 2033, with a CAGR of 16.7%, driven by the country’s increasing economic environment and the rising demand for comprehensive data management solutions.
  • The demand for greater data governance and compliance with regulatory regulations is expected to propel the Australian enterprise metadata management market to a CAGR of 3.6% by 2033.
  • The focus on digital transformation in Japan and the growing understanding of the value of metadata in data-driven decision-making processes are likely to boost the market’s growth at a moderate CAGR of 5.1% by 2033.

Competitive Landscape

Leading international competitors like IBM Corporation, SAP SE, Informatica, Collibra, and Talend rule the market thanks to their wealth of expertise, diverse product lines, and substantial customer bases. These businesses focus on features like data lineage, data cataloging, and data discovery to provide comprehensive metadata management solutions, and they invest consistently in R&D to improve their services.

Additionally, as cloud-based EMM solutions have grown in popularity, cloud-focused companies like Microsoft, Amazon Web Services (AWS), and Google Cloud Platform (GCP) have become more competitive. Organizations looking for adaptable metadata management solutions are drawn to their scalable and affordable cloud services.

Recent Developments

  • IBM just released IBM InfoSphere Master Data Management, a new enterprise metadata management platform. This platform offers tools for managing, controlling, and enhancing metadata, as well as a common repository for all metadata.
  • Oracle introduced Oracle Enterprise Data Management Suite, a new enterprise metadata management platform. This platform offers a full suite of tools, such as data discovery, data lineage, and data quality, for managing metadata across the company.

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Key Segments Profiled in the Enterprise Metadata Management Industry Survey

By Deployment Type:

  • On-Premise
  • Software as a Service (SaaS)

By Vertical:

  • BFSI
  • Healthcare & Medical
  • IT & Telecommunications
  • Media & Entertainment
  • Government
  • E-Commerce & Retail
  • Logistics
  • Pharmaceutical
  • Manufacturing
  • Others

By Region:

  • North America
  • Latin America
  • Europe Enterprise
  • Asia Pacific
  • Middle East & 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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Disconnect Switch Market 2023 Future Analysis, Demand by Regions and Opportunities with Challenges 2033

From 2023 to 2033, the Disconnect Switches Market is expected to rise gradually at a CAGR of 4.8%, demonstrating the continued need for this critical electrical component. The increase in CAGR percentage (4.8%) over the preceding period (3.3% between 2018 and 2022) indicates a healthy outlook and possible market development. This expansion reflects the growing emphasis on electrical safety and the acceptance of dependable disconnect switches in a variety of sectors and applications.

The Disconnect Switches Market is expanding steadily due to the rising need for dependable power distribution systems and safety precautions. The growing demand for effective power management, particularly in the industrial and commercial sectors, is driving the market. Disconnect switches’ capacity to instantly disconnect circuits during crises or maintenance activities increases their popularity across a wide range of sectors. Furthermore, government measures boosting infrastructure development and electrification projects help to expand the industry.

Certain constraints in the market, such as the high initial cost of disconnect switches, may dissuade small-scale firms from adopting them. Furthermore, the complicated installation procedure and the requirement for qualified professionals for maintenance provide barriers to market expansion. Manufacturers are also threatened by environmental rules governing the disposal of obsolete or broken disconnect switches.

The increased emphasis on renewable energy sources and the growing usage of smart grid technologies create opportunities in the Disconnect Switches Market. The incorporation of IoT-based monitoring and remote-control capabilities in disconnect switches opens up new opportunities for industry participants to provide innovative solutions. Overall, the disconnect switches market is expected to expand further due to the increased need for efficient power distribution and improved electrical safety measures.

Key Takeaways

  • In the United States, the market was growing at a CAGR of 19.4% in 2022.
  • United Kingdom is predicted to grow steadily at a CAGR of 6.5% by 2033, driven by infrastructure development and developments in electrical systems.
  • The Indian market is expected to grow at a CAGR of 9.4% by 2033, driven by the rising need for efficient power distribution systems.
  • The market in China is expected to grow at a CAGR of 7.6% by 2033, owing to rising industrialization and urbanization.
  • Japan’s market had a compound annual growth rate of8% in 2022.

Competitive landscape

Several prominent manufacturers are actively involved in delivering novel solutions in the Disconnect Switches Market’s competitive environment. ABB, Schneider Electric, Siemens, and Eaton are among the market’s major participants. ABB provides a diverse selection of disconnect switches for a variety of applications, with a focus on dependability and safety. Schneider Electric is well-known for its innovative disconnect switch technologies and smart solutions that address a wide range of industrial requirements.

Siemens produces high-quality, long-lasting disconnect switches for power distribution and industrial automation. Eaton provides comprehensive disconnect switch solutions, ensuring seamless power management and protection. These companies continuously strive for technological advancements and customer-centric approaches to maintain their competitive edge in the market.

Recent Developments:

  • ABB is a world leader in disconnect switches, providing a diverse range of solutions for a variety of applications, including low-voltage, medium-voltage, and high-voltage disconnect switches.
  • Schneider Electric is well-known for its revolutionary disconnect switch technologies and solutions used in the industrial, commercial, and residential sectors to provide dependable and efficient power distribution and control.

Segmentation Analysis of the Disconnect Switch Market

By Operating Voltage:

  • Low Voltage Disconnect Switch
  • Medium Voltage Disconnect Switch
  • High Voltage Disconnect Switch

By Application:

  • Industrial Disconnect Switch
  • Commercial Disconnect Switch
  • Utility
  • Manufacturing
  • Inverter Based generation
  • Others

By Region:

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

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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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Deep Learning Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The deep learning market is expected to be worth US$ 12,569.0 million globally in 2022 and is projected to increase at a CAGR of 26.4% to US$ 130,667 Million globally from 2022 to 2032. The fast use of cloud-based technologies across several businesses is blamed for the expansion of the deep learning market.

Deep learning neural networks are being used by businesses to mine massive volumes of data for insightful information that can be used to develop new products, enhance consumer experiences, and expand revenue potential for the deep learning market. One of the most cutting-edge technologies in business computing is deep learning, which is growing on a global scale.

During the projected period, the worldwide deep-learning market will expand due to the increasing demand for improved human and system interaction. Deep learning algorithms will help humans become more capable as they provide expert advice. Additionally, deep learning technology is increasingly being used in a variety of industrial sectors, including healthcare, finance, retail, and others. Strong R&D for the development of new products is another element propelling this market.

The rise of data mining applications in the deep learning market is being driven by the rising need for deep learning in fraud detection, database systems, and cyber security. The patient information, diagnosis, and other data sets produced by the healthcare industries are massive. Data mining is therefore expected to experience the fastest growth rate in the healthcare industry shortly.

Deep Learning Market: Market Dynamics:
The rising necessity for hardware platforms with high computing power to execute deep learning algorithms is a driving factor of the Deep Learning market Increasing complexity in hardware due to the complex algorithm in deep learning technology can hamper the growth of the Deep Learning market. Growing usage of deep learning in data analytics and database systems growth opportunities for the Deep Learning Market.

Global Deep Learning Market: Competition Landscape:
A few prominent players in the Deep Learning market include Google Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc., and NVIDIA Corporation, etc.

Key Segments Profiled in the Deep Learning Industry Survey

Deep Learning Market by Product:

  • Hardware
  • Software
  • Services

Deep Learning Market by Application:

  • Image Recognition
  • Signal Recognition
  • Translation
  • Data Mining

Deep Learning Market by End User:

  • Automotive
  • Media & Entertainment
  • Aerospace & Defence
  • BFSI
  • Retail
  • Healthcare

Deep Learning Market By Region:

  • North America Deep Learning Market
  • Europe Deep Learning Market
  • Latin America Deep Learning Market
  • Asia Pacific Deep Learning Market
  • Middle East & Africa Deep Learning Market

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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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Rising Demand for Beta-Glucans: Market Forecast and Growth Drivers Through 2033

The Market For Beta-Glucans had a market share valued at USD 1.23 Billion in 2022, and it is anticipated to rise at a steady CAGR of 5.7% from 2023 to 2033 to attain an estimated value of USD 2.3 Billion.

The increasing consumer preference for plant-based foods and ingredients that enhance daily nutrient intake is a major driver of the global beta-glucan market. In the coming years, the market is expected to be driven by the growing global population, rising nutritional awareness, and advancements in extraction technologies.

Nutraceutical manufacturers are increasingly developing all-natural supplements that harness the health benefits of beta-glucan to support immune and digestive health. The rising global popularity of eco-friendly and plant-based ingredients has broadened the use of beta-glucan in manufacturing. With these trends expected to continue, the future growth of beta-glucan in the global market appears promising, driven by increasing demand for nutrient-rich solutions.

Key Takeaways from the Market Study

  • According to estimates, the market for beta-glucans was worth US$ 1.16 billion worldwide in 2018.
  • The beta-glucans market saw a considerable increase in sales from 2018 to 2022, with a CAGR of 2.2%.
  • The market share of soluble beta-glucans increased to more than 40% in 2022.
  • The cereals and grains market was predicted to have 39% of the market in 2022.
  • The beta-glucans market in the US increased its worldwide market share to 28.9% in 2022.
  • The beta-glucans market in the United Kingdom is anticipated to develop at a 5.6% CAGR between 2023 and 2033.

The key players in the Beta-glucans market include:

  1. Tate & Lyle Plc.
  2. Koninklijke DSM N.V.
  3. Garuda International Inc.
  4. Cargill Inc.
  5. Kerry Group Plc.
  6. Ceapro Inc.
  7. Biotec BetaGlucans AS
  8. Super Beta Glucan
  9. Alltech Life Sciences

Competitive Landscape

A widely scattered beta-glucan industry has resulted from the entry of several local and domestic companies onto the global market. The manufacturers of beta-glucan are actively capitalizing on expanding the distribution network, implementing cost-saving strategies, and positioning a range of beta-glucan products on the global market.

Private-label and region-dominant firms have established new standards for the research and development of cost-effective specialty glucans, including those made from cereals as well as algae. Major producers of organic components are being enticed by this to expand their product ranges and introduce new products faster in the coming years. The following are some significant advancements in the beta-glucans industry:

  • Kemin Industries introduced beta-glucan as a potential immunomodulator in 2020. The unbranched 1,3 beta-glucan generated by Euglena can be utilized as a supplement to help modulate the immune system.
  • According to research released by NCBI, in 2020, as awareness of the value of dietary fiber-rich foods grows, beta-glucan will increasingly be added to foods like pasta and oats because of their high fiber content.
  • Beta-glucan has been shown to be an effective supplementary treatment for mild atopic dermatitis (eczema) in the 2016 Journal on dermatologist treatment. In 2020, beta-glucan was found to exhibit efficient antioxidant features, that address several skin concerns, from calming and hydrating dry skin to eliminating the appearance of fine lines & wrinkles.

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Key Segments Profiled in the Beta-glucans Market

By Source:

  • Yeast
  • Cereal
  • Barley
  • Oats
  • Others

By Functionality:

  • Insoluble beta-glucan
  • Soluble beta-glucan

By Application:

  • Bakery Products
  • Food & Beverages
  • Cosmetics & Personal Care
  • Dairy & Frozen Products
  • Health & Dietary Supplements
  • Others

By Region:

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Animal-based Pet Protein Market Forecasted to Achieve USD 121.9 Billion by 2033, FMI Report

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The global animal-based pet protein market (Markt für tierische Proteine für Haustiere) size is projected to exhibit modest growth from 2023 to 2033. According to the research report by FMI, the global market is predicted to surpass a valuation of US$ 79,352 million in 2023. It is anticipated to reach a valuation of US$ 121,923 million by 2033. The market is estimated to showcase a considerable CAGR of 4% from 2023 to 2033.

The market for animal-based pet protein is anticipated to grow as a result of rising pet ownership rates and the new trend of pet parenting. The demand for treats, toys, and other pet food products is anticipated to rise as households with cats, birds, and dogs increase. The market is growing as pet owners’ concerns about pet food and the nutritional advantages it provides grow. The demand for animal-based pet protein is anticipated to soar as a result.

The market’s growth is further aided by the expanding e-commerce market and consumers’ growing propensity for online purchasing. The expansion of online channels is supported by the factors of convenience, ease, discounts, and low prices that online businesses provide.  Also, a crucial trend driving the sales of animal-based pet proteins is the growing population of aging pets. Pet food and pet care businesses are expected to use this opportunity to offer goods and services that address the changing needs of aging animals.

Key Takeaways from the Global Market:

  • The global market expanded at a modest CAGR of 2.4% from 2018 to 2022.
  • In 2018, the global market size stood at US$ 1,922.5 million.
  • The global market accounted for US$ 76,300 million in 2022.
  • The dry type animal-based pet protein segment is likely to account for around 40% value share of the global market by 2023.
  • The wet pet food type is expected to register a CAGR of more than 4% by 2023.
  • The online retailers’ segment is predicted to exhibit a CAGR of 5.7% during the forecast period.
  • India held a massive 19.4% market share in 2022.
  • China held a market share of 2.9% of the overall East Asia animal-based pet protein market in 2022.
  • The United States accounted for 24.1% of the total revenue value share in the North America animal-based pet protein market in 2022.

Recent Developments Observed by FMI:

  • Clara Foods, a biotechnology company, officially changed its name to The EVERY Company in October 2021. Additionally, the business unveiled EVERY ClearEgg, a ground-breaking egg protein product. It is the first egg protein in existence.
  • New KARMA plant-first formulae were introduced by Mars Petcare, a pet food manufacturer, in June 2021. The two formulae contain a variety of typical pet food proteins, including chicken and white fish. Additionally, the company collaborated with TerraCycle to develop a program for recycling used KARMA packets. Pet owners in the United States were given access to the recycling scheme.

Detailed Market Study: Full Report and Analysis

Animal-based Pet Protein Market Segmentation:

By Product Type:

  • Dry
  • Wet
  • Treats & Chews
  • Others

By Pet Type:

  • Cat
  • Dog
  • Birds
  • Others

By Nature:

  • Organic
  • Conventional

By Packaging:

  • Pouches
  • Bags
  • Folding Cartons
  • Tubs & Cups
  • Can
  • Bottles & Jars

By Distribution Channel:

  • Store-Based Retailing
    • Hypermarket/Supermarket
    • 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
  • Asia Pacific
  • Middle East & 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.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fish Based Pet Food Industry Anticipates USD 16.7 Billion Valuation and 5% CAGR by 2033

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The fish based pet food market (Markt für Tiernahrung auf Fischbasis) is registering a valuation of USD 1.4 billion in 2023 and is projected to reach USD 16.7 billion by 2033. The market is capturing a CAGR of 5% during the forecast period.

The United States stands out as a key leader, holding a 25.3% share throughout the forecast period. The growth in the U.S. fish-based pet food market is fueled by a rising demand for sustainable and healthier food choices. Consumers are increasingly opting for fish-based alternatives to meat and beef to lessen their environmental impact.

How Top Countries Are Uplifting the Global Market Size?

Developing and developed countries such as India, Japan, the United Kingdom, and Germany are estimated to fuel the global market by 2033. The rising demand for pet adoption, growing disposable income, and growing pet food awareness are capturing huge market growth. The growing consumer’s preference for high-quality pet food, sustainability-source fish-based cat food is growing the market size.

The United States is dominating the global market by registering a share of 25.3% by 2033. The increasing number of pet owners, growing trends of pet humanization, and increasing adoption of nutritious pet foods are boosting the market growth. Around 67% of households in the United States are adopting pets, including cats, dogs, birds, and others.

These factors capture huge revenue in the United States market during the forecast period. The present key players are launching novel products to upsurge the market growth. The prominent key players in the global market include Pacific Bio Products, Purina, Freshpet, JustFoodForDogs, Mars Inc, and others.

These players boost sales through distribution channels, such as supermarkets, online retailers, suppliers, etc. These players can enhance their reach through distribution networks to meet relevant customers. These players are researching to develop innovative products in the global market.

Stringent Regulations Decline the Global Market Size

The market has several restraining factors that may limit the global market size. With the increasing consumer demand for alternative options such as vegan and plant-based pet foods, the market growth is declining. On the other hand, the lack of raw material supply and unavailability of pet foods are also declining the market growth.

The rising overfishing and advanced competitors’ strategies are other factors that may face challenges in the market growth. These are a few factors that can limit the global market growth.

Key Takeaways:

  • The fish based pet food market is securing a CAGR of 5% with a valuation of US$ 16.7 billion by 2033.
  • Historically, the market captured a valuation of US$ 9.1 billion in 2018.
  • The United States is estimated to register a share of 25.3% in the global market by 2033.
  • Germany is securing a share of 5.6% in the global market during the forecast period.
  • With a share of 4.0%, Japan is capturing a significant driving of the global market share.

Recent Developments in the Global Market are:

  • In 2021, Mars Inc announced its huge investment of US$ 200 million to expand the Royal Canin plant. This investment took place to add new corporations to enhance the production capacity.
  • In 2020, Nestle Purina PetCare invested around US$ 500 million to expand its business in Georgia.

Comprehensive Market Insights: Full Report Overview

Fish-Based Pet Food Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Dry
  • Wet
  • Treat & Chews

By Pet Type:

  • Cat
  • Dog
  • Birds

By Packaging:

  • Pouches
  • Bags
  • Folding Cartons
  • Tubs & Cups
  • Can

Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East 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.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Citric Acid Market Forecast: Steady Growth at 3.70% CAGR, Expected to Reach USD 248.6 Million by 2034

The demand for citric acid market is likely to rise at a CAGR of 3.70% through 2034. The market value is set to reach a valuation of USD 172.7 million in 2024. Maintaining the steady trajectory, analysis suggests the industry is likely to surpass USD 248.6 million by 2034. The citric acid industry is propelled by several key drivers, including its widespread applications across various sectors such as food and beverage, pharmaceuticals, cosmetics, and household products.

Citric acid is in high demand due to its versatility as an acidulant, flavor enhancer, and preservative, particularly in the food and beverage industry. It is a key ingredient in processed foods, beverages, and confectionery products. The growing consumer preference for natural and clean-label products is also boosting demand for citric acid sourced from natural origins, reflecting the trend toward healthier and more sustainable lifestyles.

Despite its strong growth prospects, the citric acid industry encounters several challenges that limit its potential. Key issues include the volatility of raw material prices, particularly citrus fruits, which affects production costs. Regulatory hurdles and trade barriers in certain regions also pose obstacles to market expansion. Additionally, the rise of alternative acidulants and preservatives introduces competitive pressure, requiring citric acid manufacturers to innovate and differentiate their products to stay relevant in the market.

The increasing demand for clean labels and natural products presents opportunities for citric acid manufacturers to meet consumer preferences for healthier and eco-friendly options. Additionally, several trends are influencing the market, including the expanding use of citric acid in non-food sectors like pharmaceuticals, personal care, and industrial applications, driven by its multifunctional properties and versatility.

There is an increasing emphasis on product innovation and differentiation, with manufacturers developing new citric acid formulations and blends to meet specific customer needs and adapt to emerging market trends. Additionally, sustainability efforts are gaining traction, as companies invest more in renewable energy and eco-friendly production methods to minimize their carbon footprint and improve environmental sustainability in the citric acid industry.

Key Takeaways from the Market Study

  • The citric acid industry in India is projected to rise at a CAGR of 5.1% through 2034.
  • The citric acid industry in the United States is anticipated to rise at a CAGR of 2.3% through 2034.
  • China’s citric acid industry is likely to witness expansion at a CAGR of 4.3% through 2034.
  • Japan’s citric acid industry is projected to rise at a CAGR of 5.1% through 2034.
  • Germany’s citric acid market is expected to rise at a 2.3% CAGR through 2034.

Which are Some Prominent Drivers of the Citric Acid Market?

Clean Label Trends Support the Demand for Citric Acid

Citric acid is used extensively across the food & beverage industry, with natural sources being preferred as a viable alternative to traditional phosphate ingredients. Citric acid is used as a clean-label solution as an alternative to titanium oxide, monoglycerides, diglycerides, edible gums, and hydrocolloids.

Manufacturers are pushing for research into the use of citric acid as stabilizing and binding agent in beverage end products in terms of managing flavored oils. This makes it a popular option as an emulsifier product in foods such as yogurts and other convenience foods.

Rising levels of consumer health awareness including essential nutrition and easier availability of clean-label product offerings will drive demand in the sector for the foreseeable future. These characteristics of citric acid will provide impetus to applications in the pharma, metal, and personal care & cosmetics industries.

Prevalence of Convenience Foods Escalating Sales of Citric Acid

Citric acid is largely being used in the regional food processing industry to enhance the shelf life of convenience foods. Well established food processing industry in the region is expected to have a positive impact on industry trends.

The manufacturers are penetrating various market segments by introducing citric acid-based products such as confectionery, diabetic baked products, ice creams, low-calorie jellies, low-calorie sugar, dietary beverages & snacks, and low-fat dairy products. The rising demand for these products is expected to boost the demand among consumers.

Competition Outlook of the Citric Acid Industry

The citric acid industry exhibits a competitive landscape characterized by established players vying for dominance. With the growing demand for citric acid across diverse sectors such as food and beverage, pharmaceuticals, and cosmetics, competition intensifies among manufacturers striving to meet evolving consumer needs and preferences. This heightened competition underscores the significance of product differentiation, innovation, and efficient supply chain management in sustaining competitive advantage within the industry.

Companies are increasingly focusing on enhancing their production capabilities and expanding their geographical presence to capture a larger market share. Additionally, strategic collaborations, mergers, and acquisitions are prevalent strategies employed by key players to strengthen their market position and gain a competitive edge. Moreover, investments in research and development to improve product quality, reduce production costs, and explore new applications of citric acid contribute to maintaining competitiveness in the market.

Looking ahead, the citric acid industry is poised for continued competition as market players adapt to changing consumer preferences, regulatory requirements, and technological advancements. As globalization further expands market opportunities, companies must remain agile and innovative to stay ahead of the competition and capitalize on emerging growth prospects in the global citric acid market.

Recent Developments:

  • Cal2Mg, a calcium-magnesium citrate, was introduced by Gadot Biochemical Industries in November 2022.
  • Jungbunzlauer, a significant citric acid manufacturer, developed monomagnesium citrate in June 2022. Jungbunzlauer extended its Port Colborne citric plant in April 2021. Citric acid and citrate-based bio- and functional compounds are popular globally. Thus, growth is needed.

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Key Segments

By Application:

  • Acidulant
  • Cleaning agent
  • Binding Agent
  • Preservative
  • Others

By Form:

  • Liquid Citric Acid
  • Powder Citric Acid
    • Anhydrous
    • Monohydrous

By Product Type:

  • Natural
  • Artificial

By End Use:

  • Citric Acid for Food & Beverages
    • Bakery & Confectionary
    • Dairy
    • Convenience Food
    • Beverages
    • Jams & Preserves
    • Others
  • Citric Acid for Pharmaceuticals
  • Citric Acid for Animal Feed
  • Citric Acid for Personal Care
  • Citric Acid for Metal Finishing & Cleaning
  • Others

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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RTD Cocktail Market Anticipated to Achieve USD 56.65 Billion Milestone by 2034

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According to Future Market Insights (FMI), the RTD cocktail market (RTD-Cocktail-Markt) is expected to be valued at USD 35,321.4 million in 2024 and USD 56,652.7 million by 2034. The demand for RTD cocktails is likely to increase at a CAGR of 4.8% from 2024 to 2034.

The popularity of ready-to-drink (RTD) cocktails is on the rise, as they provide a convenient and time-saving alternative for those who want to enjoy a cocktail without the fuss of traditional preparation. Their portability and ease of consumption make them an appealing choice for consumers who want to enjoy a cocktail anywhere, anytime.

Consumers’ growing demand for ready-to-drink cocktails that save time and effort is a key factor that is boosting the RTD cocktail industry. Introducing unique flavors, combinations, and packaging is expected to fuel RTD cocktail demand during the forecast period. Innovative marketing strategies such as collaboration with influencers and celebrities employed by key RTD cocktail manufacturers are expected to boost the market.

RTD cocktail manufacturers are investing in research & development to increase brand preference and sales. This includes launching new RTD cocktail-based formulations or blends that meet specific consumer needs.

The convenience of carrying RTD cocktails anywhere and consuming them anytime contributes to its popularity. Furthermore, the availability of RTD cocktails in several distribution channels, such as liquor stores, online platforms, and retail outlets, is expected to help boost the sales of RTD cocktails.

Continuous innovation in the market helps build a strong brand image by offering unique solutions to consumers. These innovative product launches are anticipated to propel the RTD cocktail market forward.

A Chicago-based company, Crafthouse Cocktails, for instance,  launched two new limited-edition RTD cocktails. The new flavors include Vodka Soda, Gin, and tonic, and they are priced around US$ 5.99 per can. Similarly, due to the rising demand for RTD cocktails in India, Radico Khaitan, under its vodka brand ‘Magic Moments,’ launched three new variants: cola, cosmopolitan, and mojito.

Key Takeaways from the RTD Cocktail Market Report:

  • The global RTD cocktail market is expected to reach a valuation of USD 35,321.4 million by 2024.
  • Global demand for RTD cocktails is expected to soar at 8% CAGRover the forecast period.
  • North America is projected to hold a dominant value share of 6% in the global market by 2034.
  • Germany’s market is estimated to witness a value CAGR of 1% during the projection period.
  • The market is projected to reach USD 56,652.7 million by 2034.

Competitive Landscape

Diageo plc, Pernod Ricard, Bacardi Limited, Brown-Forman Corporation, Beam Suntory Inc., and Campari Group are the key RTD cocktail manufacturers. Leading companies are directing on expanding their portfolios by launching new products. Key manufacturers use strategies such as partnerships, advertisements, agreements, acquisitions, and mergers to stay relevant in the market.

For instance,

  • In 2023, Topo Chico Spirited launched its new range of RTD cocktails.
  • In 2023, Molson Coors launched its new non-alcoholic RTD cocktail range, Roxie, to recreate the craft cocktail experience.

In-Depth Market Analysis: A Complete Report

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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global RTD cocktail market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the RTD cocktail market based on sales channels (on-trade/ food service, institutional sales [hospitality], retail and online retail), product type (ciders, gin, vodka, wine, whiskey, rum, hard seltzer, cocktail [bourbon, tequila]), packaging type (cans, premixed cocktail shots, bottles), and flavor (unflavored and flavored) across regions.

About Future Market Insights (FMI)

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

 Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Compostable Plastic Packaging Material Market is Poised to Grow at a Healthy CAGR of 5.2% by 2033 | FMI

The global compostable plastic packaging material market was worth USD 1.89 billion in 2023 and is expected to reach USD 3.1 billion by 2033 at a CAGR of 5.2% between 2023 and 2033.

With growing awareness regarding environmental hazards related to plastics, consumers are preferring eco-friendly packaging solutions. This is one of the major factors accelerating the compostable plastic packaging material market and the scenario is expected to remain the same even in the forecast period.

It is a known fact that plastic is the packaging materials’ foundation. However, as synthetic polymers are not capable of decomposing on the natural count, they have been deteriorating the environment for the last few years. As such, compostable plastic packaging material is looked upon as a good alternative to plastic. The properties are analogous to conventional plastic – like shelf stability, durability, barrier properties, and likewise.

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Cafeterias preferring to go green are into the adoption of bio-based plastic. Catering services and quick service restaurants are increasingly adopting compostable plastic packaging material demand. This is actually a response to the alarming figures released by the UN; i.e. by the year 2040, plastic would add 23-37 Million metric tons of waste into the ocean every single year if left unchecked.

“With food chains witnessing an exorbitant rise in home deliveries, the global compostable plastic packaging material market is bound to grow on a good note in the forecast period”, Says an analyst from Future Market Insights.

Key Takeaways from the Compostable Plastic Packaging Material Market

  • North America holds the largest market share with the US being subject to rising awareness regarding sustainability.
  • The Asia-Pacific is expected to grow at the fastest rate in the compostable plastic packaging material market. This could be attributed to countries like India ruling the roost. Expansion of the FMCG sector coupled with consumers shifting toward e-Commerce is expected to keep the cash registers ringing in the forecast period.

Competitive Landscape

  • Cardia Bioplastics, in September 2019, did launch a certified home compostable biopolymer resin.
  • Danimer Scientific LLC, in August 2021, completed the acquisition of Novomer, Inc. (a developer of conversion technology). It makes provision for low-net carbon inputs into manufacturing PHA-based resins.
  • BASF SE, in September 2021, entered into a collaboration with WPO Polymers to distribute biopolymer ecovio for certified compostable bags.
  • The year 2021 saw Amcor Ltd. announce that its team had gone ahead with creating sustainable packaging solutions for margarine and butter comprising paper. This paper wrapper comes across as being 38% lighter as compared to paper and aluminum packaging and does lessen carbon footprint by ~80%.
  • Smurfit Kappa, in the year 2021, did come up with bottle packaging solutions to expand the beverage market online. The range is found to be all the more sustainable. It constitutes recyclable raw material and could be customized as per bottle sizes and shapes.

The Key Players Are:

  • BASF SE
  • Kaneka Corporation
  • FKuR Kunststoff GmbH
  • Cardia Bioplastics
  • Novamont S.p.A.
  • Danimer Scientific LLC
  • Grabio Greentech Corporation
  • Northern Technologies International Corporation
  • NatureWorks LLC
  • S.K. Chemicals Co., Ltd.
  • Minima Technology Co. Ltd.
  • Biotec Pvt. Ltd.,
  • Green Dot Holdings LLC

What does the Report package?

The research study is based on the material (PBAT, PBS, PLA, PHA, starch blends, and likewise), by application (bags, pouches, boxes, bottles, cups, trays, plates & bowls, and likewise), and by end-use industry (food service, food & beverages, cosmetics & personal care, home care, healthcare, others).

With an increasing demand for eco-friendly and sustainable packaging solutions on the part of food chains, the global compostable plastic packaging material market is expected to grow on a stupendous note in the forecast period.

Key Segments Profiled in the Global Compostable Plastic Packaging Material Market

By Material:

  • PBAT
  • PBS
  • PLA
  • PHA
  • Starch Blends
  • Others

By Application:

  • Bags
  • Pouches
  • Boxes
  • Bottles
  • Cups
  • Trays
  • Plates & Bowls
  • Others

By End User Industry:

  • Food Service
  • Food & Beverage
  • Cosmetics & Personal Care
  • Homecare
  • Healthcare
  • Others

Region:

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

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Modified Starch Market to Grow at 4.7% CAGR, Projected to Hit USD 21,806.2 Million by 2034

The global modified starch market is expected to reach USD 21,806.2 million by 2034, growing at a projected CAGR of 4.7% over the period. In 2024, the market is valued at USD 13,780.3 million.

As consumers become more aware of the link between nutrition and overall well-being, demand for modified starches with health benefits is rising. This includes resistant starches, those with potential glycemic index benefits, and starches with prebiotic properties. Companies investing in research and development to create health-enhancing starches can tap into the growing market for functional ingredients. Providing products that promote customer well-being not only drives sales but also builds trust and loyalty, positioning businesses for long-term success in the evolving health and wellness sector.

The modified starch market is seeing a rising demand for specialized and customized solutions as consumer preferences grow more diverse and discerning. Advances in digital technology are revolutionizing production processes, enabling businesses to enhance productivity, reduce costs, and ensure consistent product quality.

The rise in consumption of modified starches is driven by the growing popularity of functional foods and beverages designed to offer health benefits beyond basic nutrition. As the food manufacturing industry becomes more globalized, there is an increasing need for standardized ingredients that meet regulatory requirements and ensure consistent quality across diverse markets.

Competitive Landscape

The modified starch market is highly competitive, with leading companies such as Cargill, Archer Daniels Midland Company (ADM), and Ingredion Incorporated battling for market dominance. These key players leverage their global presence, extensive product portfolios, and robust distribution networks to strengthen their positions. They strategically pursue mergers, acquisitions, and partnerships to enhance their market standing and expand their technological expertise.

Recent Developments

  • In February 2024, Ingredion Incorporated announced the introduction of Novation Indulge 2940 starch as a new addition to its line of clean-label texturizers. It is the first non-GMO functional native corn starch that provides texture for gelling and co-texturizing popular dairy and alternative dairy products and desserts.
  • In June 2023, Loryma launched a clean label, “E number free” adhesion starch. According to German company Loryma, their natural adhesion starch extracted from wheat and with a clean label is just as effective as modified starches found in traditional products, offering “optimum adhesion properties for all types of substrate coatings.”

Key Players in the Modified Starch Market

  • Cargill
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • Roquette Frères
  • Grain Processing Corporation
  • Avebe
  • Emsland Group
  • AGRANA Beteiligungs-AG
  • Global Bio-Chem Technology Group Company Limited

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Modified Starch Market Segmentation

By Source:

  • Maize/ Corn
  • Wheat
  • Potato
  • Tapioca
  • Rice

By Product Type:

  • Acetylated Starch
  • Physically Modified Starch
  • Enzyme Modified Starch
    • Anionic Starch
    • Cationic Starch
    • Dextrin
    • Oxidized Starch
    • Thinned Starch
    • Pre-Gelatinized Starch
    • Others

By Application:

  • Food and Beverage
    • Bakery Products
    • Dairy Products
    • Meat & Poultry
    • Convenience Food
    • Others
  • Animal Feed
  • Cosmetic and Personal Care
  • Papermaking
  • Textile
  • Pharmaceuticals
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East & Africa
  • Japan

About Future Market Insights (FMI)

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

Contact Us:

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