Smart TV Market is expected to grow at a CAGR of Approximately Over 2022-2031

With the surge in the demand for smart TVs, leading manufactures have now shifted their focus on technologies that cater to multi-functional consumer needs. Future Market Insights (FMI) in its latest study has forecast the smart TV market to rise at a CAGR of ~24.7% between 2021 and 2031.

Innovations are transforming the television industry by integrating advanced technologies like artificial intelligence (AI), Internet of Things (IoT), Google Assistance, and internet connected services in latest models of smart televisions, which were not available in traditional cathode-ray tube (CRT) televisions.

The smart TV industry consists of several big players like the Samsung Group, TLC Corporation, Panasonic Corporation, and Sony Corporation. The smart TV industry is being viewed as lucrative investment opportunity due to enormous customer interest.

Partnerships between big companies and small players are bolstering the scope for growth. Manufacturers are focusing on developing innovative product features, in addition to effectively developing sales and distribution channels. Most consumers focus on online product research before making a purchase.

As a result, manufacturers are increasing their product presence and online availability. In addition, the increasing popularity of smart homes among middle-class urban population is a major factor fuelling the demand for smart TVs in the market.

Key Takeaways from the Smart TV Market Study

  • The 45- 50 inches’ segment accounted for a 22.3% share in 2020, which is attributable to the increasing penetration of 4K TVs in the higher economic consumer class.
  • Multi-brand stores are a popular distribution channel, accounting for over 29% of the market. However, online sales are expected rise at 27.3% CAGR.
  • The U.S. currently holds the lead accounting for 79.5% of the North America market, driven by increasing consumer expenditure on lifestyle products.
  • Japan is expected to register high potential for growth, accounting for an estimated 51.7% share in East Asia market by the end of 2031, supported by easier access to new technologies.
  • India followed by Indonesia are projected to emerge as lucrative markets in South Asia, holding over 32% and 23% share.

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Impact of COVID-19 on the Smart TV Market

The COVID-19 pandemic has adversely impacted the smart TV market. Lockdown imposed by governments, suspended operations in manufacturing facilities. Restrictions were imposed on the movement of non-essential goods and services for months, which hampered the overall supply/distribution for smart TVs across the globe.

Samsung which has manufacturing facilities in Vietnam, the Czech Republic, and Hungary was relatively less affected in 2019. However, with the closing of Hungary’s boarders and the lock down in Czech Republic, Samsung faced difficulties in operating its European facilities.

The outbreak had a negative impact on businesses in 2020 and continued to affect operations in 2021. However, in the current scenario, the smart TV market is expected to recover steadily from the downfall in the forecast period.

Who is Winning?

Key players operating in the smart TV market include Samsung Electronics Co., Ltd, Panasonic Corporation, LG Electronics, Inc., Sony Corporation, Videocon Industries Limited, Haier Electronics Group Co, Ltd, TCL Corporation., Hisense Group, Sansui Electric Co., Ltd., Micromax Informatics, Sharp Corporation, VIZIO, Inc., Apple Inc, Toshiba Corporation, Hitachi Ltd and among others.

Players in the moderately consolidated smart TV market are largely involved in strategies for product development and launches in addition to investments for geographical and capacity expansion to sustain long term growth.

  • In March 2020, Samsung Electronics Co., Ltd. announced the latest and expanded line of 2020 QLED 4K and 8K TVs at select retailers. The latest and expanded 8K series in the 2020 series has larger screen sizes, improved AI capabilities for the 4K and 8K models, and is designed to provide superior image and sound qualities.
  • In July 2020, Indian television brand Shinco, launched its latest television, the S43UQLS 43- inch 4K HDR LED Smart TV. This is one of the most affordable 4K televisions on the market of this size, as most 43-inch televisions at this price have full-HD LED displays.
  • In April 2020, Sharp Corporation, announced two new 8K smart TVs for the Japanese market, namely the Sharp Aquas 8T-C70CX1 and the Sharp Aquos 8T-C60XX1, which include 70-inch and 60-inch 8K panels.
  • In April 2021, Samsung and Mediatek, announced the world’s first 8K QLED TV – which will deliver the fastest connectivity experience through its cutting-edge WI-FI 6E capabilities.

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Mobile Payment Transaction Market is expected to grow at a CAGR of Approximately Over 2022-2031

Future Market Insights (FMI) in its research report, titled, “Mobile Payment Transaction Services Market: Global Industry Analysis and Opportunity Assessment 2014-2020” projects the mobile payment transaction services market to expand at a CAGR of 39.1% during the period 2014-2020.

According to FMI, proliferation of mobile devices and increasing adoption of mobile money services across financial institutions and other vendors are the key factors driving the mobile payment transaction services market. Merchants and vendors around the world are upgrading their POS systems to facilitate mobile payment, and FMI expects this trend to continue during the forecast period.

Key factors that can impede the growth of the mobile payment transaction services market include issues with data security and privacy, and limited awareness among consumers. FMI estimates these factors to have a moderate impact on the mobile payment transaction services market growth.

On the basis of key applications, FMI has segmented the mobile payment transaction services market into money transfer, merchandise purchase, airtime top-ups, bill payment, ticketing, and ‘others’.

In terms of market value, money transfer segment accounted for 51.1% share of the mobile payment transaction market in 2014. However, the segment is expected to lose 780 BPS  by the end of 2020. In contrast, merchandise purchase segment is anticipated to gain traction during the forecast period, accounting for 49.9% share of the overall market revenue by 2020.

Airtime top-ups, bill payment, ticketing, and ‘others’ segments collectively accounted for 8.3% share of the mobile payment transaction services market revenue; FMI estimates it to drop to 6.9% by the end of forecast period.

The global mobile payment transaction volume is anticipated to reach 106 Bn by 2020. In terms of volume, merchandise purchase segment is anticipated to account for 39.8% share of the market, witnessing increase of 670 BPS.

Use of mobile payment services for money transfer is expected to witness a decline of 430 BPS in its market share by the end of forecast period. Furthermore, airtime top-ups segment is also anticipated to lose 480 BPS and account for 19.2% share of the market volume by 2020.

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Africa and Asia Pacific are the two most lucrative regions for mobile payment transaction services market. In terms of value, these two regions collectively accounted for nearly 58% share of the global market in 2014. FMI forecasts that these two regions will continue to dominate the global market during the forecast period.

A key development in the global mobile payment transaction services market is that Asia Pacific will outpace Africa to become the largest market. FMI estimates Asia Pacific mobile payment transaction services market to account for 27% of the global mobile payment transaction service market revenue by 2020.

Among all the regions, North America is poised to witness the significant growth. North America held a 22.8% value share of the global market in 2014, and it is anticipated that by 2020, it will increase to 24.9%.

In terms of transaction volume, Asia Pacific and Africa will continue to remain lucrative, however, strong growth in North America and Western Europe is anticipated to eat into their market share. On the other hand, the collective market share of Latin America, Middle East, and Eastern Europe is projected to reach 10.4% by 2020.

The key companies profiled in FMI’s research report include PayPal, Visa, MasterCard, and Google Wallet. These companies are tying up with leading vendors to consolidate their position in this rapidly expanding market.

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Key Segments

By Technology

  • SMS Mobile Payment Transactions
  • WAP/ WEB
  • USSD
  • NFC

By Purpose

  • Merchandise Purchase
  • Money Transfer
  • Bill Payment
  • Ticketing
  • Other Purpose

Region

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

FIDO Authentication Market is expected to grow at a CAGR of Approximately Over 2022-2031

According to newly FIDO authentication industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a CAGR of 22.8% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 1.0 Bn by the end of 2021. As per FMI, rapid technological advancements in the IT & telecom industry have created prospects for FIDO authentication solutions. These technologies have become essential in improving economic competitiveness, thereby propelling the market growth.

Over the past few years, organizations around the globe are seeking to meet the need of customer by capitalizing on the digitalization of services which has increased the number and choices of devices accessing the digital services, such as smartphone, tablets, wearable, and IoT devices.

This surge in adoption of smart devices is increasing the security concerns and therefore, it has become very important for businesses to protect themselves from growing risks security in order to keep business processes secure and productive.

Key Takeaways: FIDO Authentication Market

  • By solution segment, the FIDO U2F Authentication Devices (Security Keys) segment is anticipated to account for the leading share in the global demand for FIDO authentication during the forecast period. The segment estimated to grow at a robust CAGR of 22.4% through 2031.
  • The adoption of FIDO authentication solutions in PKI/credential management is expected to rise at maximum pace with a significant CAGR of 26.7% between 2021 & 2031.
  • Demand for FIDO authentication in IT & Telecom and BFSI sector is estimated to grow at impressive CAGRs. Of these, BFSI industry is expected to account for leading share in FIDO authentication sales forecast during the forecast period.
  • North America is expected to lead the market followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a CAGR of 28.5% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 23% over the next ten years.

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COVID-19 Impact Analysis on FIDO Authentication Market

While ensuring employee safety and business continuity remained paramount, public companies were simultaneously challenged by a sudden decline in consumer demand, a continuing halt or reduction in onsite activities, and global supply chain issues, which began in China shortly before impacting services in Europe and the Americas regions.

As governments scale digital services, advancements in identity proofing and strong authentication technologies and standards have made it possible to meet requirements for usability, security and privacy without the high burdens and costs typically associated with such implementations. With these advancements, FIDO authentication standards have become a cornerstone for global government services around the world.

Hence, implementation of FIDO authentication tools would be highly valuable during the COVID-19 period due to several factors such as increasing use of electronic transactions amid pandemic crises, increased risks from remote access, and growing revenue losses due to fraudulent activities.

Thus, the demand for FIDO authentication solutions is estimated to grow around 18.7% to 20.9% Y-o-Y from 2019 to 2021.

Rapid Shift towards Passwordless Authentication

Passwordless authentication aims to eliminate the use of passwords, passphrases, and other shared secrets in authentication when verifying users and authorizing payments. 2020 brought a sharp increase in attacks on systems using legacy and password based multi-factor authentication (MFA).

These include account takeover (ATO) fraud, Remote Desktop Protocol (RDP) attacks, push attacks, phishing, and credential stuffing attacks. To maintain a strong security posture and a competitive edge, organizations must prioritize ease of use and speed as core ingredients of a superior user experience, thus a mobile-first passwordless MFA solution is preferred over traditional factors, such as passwords, push-based MFA, or hardware tokens.

Its ease of use helps consumer-facing businesses increase revenue, while corporate workforces also benefit from increased productivity through simple and secure login. This is further estimated to fuel up the FIDO authentication market growth prospects.

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More Valuable Insights on FIDO Authentication Market

FMI’s report on the FIDO authentication industry research is segmented into four major sections – solution (FIDO U2F authentication devices (Security Keys), FIDO authentication SDKs, and services), application (payment processing, PKI/credential management, document signing, user authentication, and others), industry (BFSI, healthcare & life sciences, IT & telecom, retail & CPG, government & defense, energy & utilities, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the FIDO authentication demand outlook.

Swellable Packers Market Outlook Cover New Business Strategy with Upcoming Opportunity 2030

Swellable Packers Market: Introduction

Swellable packers is a piece of separation equipment which relies on elastomers to enlarge and to form an annular seal when it is submerged in certain wellbore liquids. Swellable packers can be installed by using coiled tubing which can run them through the wellbore.

The pressure and expansion rate of the swellable packers depend on various factors such as liquid temperature, concentration and a specific gravity of hydrocarbons in a liquid.

Water-activated swellable packers are normally affected by salinity and temperature of the water. Water type swellable packers work on the principle of osmosis. Swellable packers are used in those applications where zonal isolation or pressure seal is required.

Swellable packers offer long-term reliability and stability for the remote wells. Various manufacturers are focusing to develop swellable packers which will work on 26% of salinity brines and can sustain 400F to 2750F temperature.

Swellable Packers Market: Dynamics

The onshore oil and gas industry widely uses swellable packers for annular sealing, and increasing oil production and consumption is likely to drive the demand for swellable packers market in the upcoming year.

Increasing government and public investment on new drilling contracts will also drive the demand for swellable packers.

Many manufacturers are focusing to develop the hybrid swellable packers which can work on both oil as well as water, to reduce the overall cost for the oil & gas operators, which results in opening new avenues for the demand of swellable packers.

The increasing number of contracts for the construction of new offshore drilling rigs is expected to drive the demand for boring and completion equipment including swellable packers.

Various manufacturers are improving the pressure handling capability from 5,000 to 10,000 psi of swellable packers to improve the sealing feature as well as product life.

This is expected to remain a prominent trend among the swellable packers’ manufacturers. Government initiatives to increase the usage of renewable energy such as wind and solar energy are likely to hinder the growth of the swellable packers market globally.

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Swellable Packers Market: Regional Outlook

North America and the Middle East dominated the global crude oil production, and consumption was led by the Asia Pacific in 2018 and it is expected to continue the same in the forecast period.

With the growth in consumption and production of crude oil, the demand for swellable packers is expected to surge.

North America is expected to have a prominent share of the swellable packers market on the back of increasing newly drilled wells in the region.

Latin America is estimated to have substantial growth owing to increasing government initiatives to boost oil production in the region. For instance, the Mexican government has taken various initiatives such as allowing private companies to lease the rights of drilling in the country.

Moreover in 2018, the number of drilled wells in Brazil also increased.The Asia Pacific region is expected to have considerable growth because of the rising oil production and consumption across developing countries such as India, China and Southeast Asian countries.

The countries such as Thailand and Malaysia will play a significant role in the swellable packers market in the forecast period owing to rising oil and gas production projects.

Russia is anticipated to have a protuberant share in Europe’s swellable packers market because of the increasing investment in the new oil projects.

Swellable Packers Market: Key Participants

List of some of the prominent market participants in a swellable packers market are:

  • Weatherford
  • The Weir Group PLC
  • Schlumberger Limited
  • TAM International, Inc.
  • Halliburton
  • Elite Elastomers Inc.
  • ACC Corporate
  • Reactive Downhole Tools
  • Baker Hughes Company (GE)
  • Nine Energy Service

The research report on swellable packers market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The swellable packers market report also contains projections using a suitable set of assumptions and methodologies. The research report on swellable packers market provides analysis and information according to market segments such as the product type, swell type, and application.

The Swellable packers market report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
  • South Asia (India, ASEAN, Rest of South Asia)
  • East Asia (China , Japan, South Korea)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
  • Oceania ( Australia, New Zealand)

The swellable packers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The swellable packers market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The swellable packers market report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing swellable packers market dynamics in the industry
  • In-depth swellable packers market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on swellable packers market performance
  • Must-have information for swellable packers market players to sustain and enhance their market footprint

Swellable Packers Market: Segmentation

The swellable packers market can be categorized based on the product type, swell type, and application.

product type:

  • Retrievable Packers
  • Permanent Packers

swell type:

  • Oil Swells
  • Water Swells
  • Hybrid Swells

application?:

  • Offshore
  • Onshore

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Set-Top Box Market is expected to grow at a CAGR of Approximately Over 2022-2031

According to the report by Future Market Insights, the global set top box market will register growth at 9% CAGR between 2021 and 2031. Sales of set top box across the globe are estimated to reach US$ 28 Bn by the end of 2021.

Increasing demand for high-definition video quality and growing popularity of over-the-top (OTT) platforms are boosting the market. Technological advancements in the digital broadcasting industry and adoption of smart television across the globe will drive the set-top box sales.

FMI estimated that the global set-top box market registered exceptional year-on-year growth of 11% in 2021 driven by the growing adoption of smart TV such as Android and Apple TV across India, China, and Malaysia.

Growth in the market also is attributed by the surging popularity for OTT platforms such as Netflix, HULU, Amazon Prime, and others. Live streaming of sports events and other entertainment channels have reshaped the face of digital broadcasting industry.

Hence, key players are collaborating with these OTT platforms to capitalize on growing trend of OTT platforms. Against this backdrop, the global set-top box market will surpass US$ 46.09 Bn by the end of 2031.

Key Takeaways from FMI’s Set Top Box Market Study

  • In terms of video quality, while high-definition set-top boxes will dominate the market, sales of standard-definition set-top boxes are expected to reach US$ 5.4 Bn through 2031
  • Based on product, OTT devices segment is expected to exhibit the highest growth, registering year-on-year growth of nearly 12.2% in 2021
  • Satellite set-top boxes segment will account for substantial global market share through 2031, enabling growth at 8.1% CAGR between 2021 and 2031
  • North America set-top box market is expected to surpass US$ 9.9 Bn by the end of 2031, with the U.S. leading the market growth
  • Japan set-top box market will account for over 34% of East Asia market share in 2021
  • India and Australia are expected to dominate the South Asia and Oceania set-top box market, respectively

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Competitive Landscape

As per the study, Huawei, Arris, Skyworth, Technicolor, and Samsung Electronics are the top 5 players leading the global set-top box market. These players collectively account for over 45% of global market sales.

Leading players operating in the global set-top box market are focusing on product launches and collaboration with satellite providers and digital broadband companies to gain competitive edge.

. For instance:

  • In April 2021, NAGRA, a Kuldeski Group company and the world’s leading independent provider of content protection and multiscreen television solutions collaborated and announced the launch of Android TV Set-top box.
  • In September 2021, DTVKit collaborated with other leading players such as RDK, Mediatek, EKT and OBS to announce the launch of the Hybrid White Label set-top box.

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Gas Turbine Market is expected to grow at a CAGR of Approximately Over 2022-2032

As per a recent gas turbine market analysis by Future Market Insights (FMI), the global market was valued at over US$ 19 Bn in 2021 and is projected to expand at a modest CAGR of 4% over the forecast period. The steady requirement of efficient power generation technology in developed countries and flourishing industrial sector in developing economies remain the major drivers of the gas turbine market.

Emerging gas turbine markets such as China and India provide various untapped and undiscovered prospects for the market to expand.

Competitive advantage of gas turbines is high over other distributed generation technologies for backup power and onsite generation because of their better efficiency and stable generation capacity. As a result, the rise of distributed power generation represents a significant gas turbine market opportunity.

The rise in the global awareness of environmental health is also heavily influencing a paradigm shift in the conventional coal-powered plant industry. The stringent government regulations regarding the greenhouse emissions further have further incentivized the use of gas turbine systems.

The volatility of natural gas prices restricts the growth of the industry. The erratic nature of transnational factors establishes an uncertainty about the demand for gas turbines.

Despite the restraints, the gas turbine market is expected to reach a valuation of US$ 23 Bn by 2026.

Key Takeaways

  • Based on sector, the electric power sector utility segment dominated the market with a 76% share in 2021. It is followed by oil and gas sector due the rise in exploration activities.
  • The Asia Pacific gas turbine market is predicted to be driven by economic expansion, development and carbon dioxide emission regulations.
  • As per design type, the heavy segment accounts for the major part of the market. Aeroderivative gas turbines are lighter, easier to install, and start up faster which makes aeroderivative the fastest-growing segment.
  • The 150-300 MW segment is dominating the market share when categorized as per capacity. The 300+ MW market is steadily rising, owing to recent shift in gas turbine market trends.
  • The power and utilities segment had the highest revenue share of almost 85% in 2020, and it is expected to rise at the highest CAGR during the forecast period.
  • Due to rapid industrialization, Asia Pacific emerged as the largest regional market and accounted for the maximum revenue share of over 31% in 2020.
  • Global natural gas consumption was reported to be 3822.8 billion cubic meters in 2020, according to the BP statistical analysis of world energy 2021, a decrease of roughly 81.1 billion cubic meters from 2019. It could be the direct result of lockdowns and the impact of COVID-19 on the gas turbine market.
  • Coal-fired power generation dominates the Indian power sector, accounting for 61.3 percent of total installed capacity in June 2021. For decarbonization and meeting the Paris Agreement’s commitments, the country possesses enormous renewable energy and gas-based power generation potential.

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Competitive Landscape

The gas turbine market is consolidated with a few major players controlling a major share of the market. The potential of gas turbine market growth remains high with the heavy influence of competitive environment.

  • Ansaldo Energia and Shanghai Electric Group’s consortium signed a deal with Bangladesh Power Development Board Company named North-West Power Generation Company Ltd in June 2020. The collaboration is projected to develop and construct an 880 MW combined cycle power plant in Bangladesh under this deal, allowing the enterprises to expand their scale of operation.
  • In another recent development, in August 2020, General Electric has placed an order for an 858 MW CCGT power plant to supply the Zainskaya State District Power Plant with its 9HA.02 gas turbine and supporting equipment.

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Key Segments

By Design Type :

  • Heavy-duty
  • Aeroderivative

By End User:

  • Power Generation
  • Oil and Gas
  • Other Industrial

By Technology:

  • Open Cycle
  • Combined Cycle

By Rated Capacity:

  • Application Gas
  • TurbineNetwork Gas
  • TurbineDevice Gas Turbine
  • Social Engineering

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

Major Players:

  • Mitsubishi Heavy Industries, Ltd.
  • Siemens Energy
  • AnsaldoEnergia
  • United Engine Corporation
  • Kawasaki Heavy Industries, Ltd.

Energy Drinks Market Competitive Growth Strategies Based on Type, Applications, End User and Region by 2032

The global energy drinks market size was valued at USD 68.1 billion in 2021, and is expected to grow at a CAGR of 7.0% to reach  USD 98.8 billion by 2032.

The demand for energy drinks is significantly increasing with consumers looking for ways of ensuring better health and immunity. There has been a sharp increase in the demand for coffee, dairy juice and other beverages across North America and Europe as consumers stockpile on essential products to sustain them during quarantine period amidst the prevailing COVID-19 crisis.

Consumers prefer products that come from natural sources and are vegan, GMO-free, organic, and have other clean label attributes. Their focus on holistic living and wellness is a key factor driving the energy drinks market. Consumers are determined to mark more purposeful choices with their buying power, purchasing with intention of creating positive and valuable experiences, which is supporting the expansion of the market.

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It has been found that the consumers are in favour of beverages that contain natural ingredients and added antioxidants, vitamins and minerals. In energy drinks, fruit concentrates are added which offer several health benefits. A rising awareness of this will fuel the demand for energy drinks in the coming years.

Market Segmentation

The global energy drinks market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers –

By Product Type :

  • Caffeinated Beverage
  • De-caffeinated Beverage

By Format :

  • Shots
  • powder
  • Ready-To-Drink (RTD)

By Flavor :

  • Unflavored
  • Flavored
    • Citrus
    • Berries
    • Mocha
    • Pomegranate
    • Apple
    • Mint
    • Blends (Mix)
    • Cola
    • Watermelon
    • Chocolate
    • Others

By Categories :

  • Natural Energy Drink
  • Sports Drink
  • Non-Alcoholic Beverage
  • Functional beverages
  • Non-carbonated packaged drinks

By Nature :

  • Organic
  • Conventional

By Distribution Channel :

  • B2B
  • B2C
    • Store-Based Retailing
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mom And Pop Stores
    • Discount Stores
    • Specialty Stores
    • Independent Small Groceries
    • Online Retail

By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Oceania
  • Middle East & Africa

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Key Questions Answered in the Report

How much is the current worth of the Energy Drinks market?

Currently, the energy drinks market is worth more than USD 68 bn.

At what CAGR is the market expected to grow?

Energy drinks sales are expected to grow at a CAGR of around ~7% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, energy drinks revenue grew at a CAGR of around ~6.7% during 2017-2021.

What is the demand outlook forecast for the market?

The global energy drinks market is forecasted to surpass ~USD 98 bn by the end of 2032.

Who are the top 5 players operating in the market?

Top players in the energy drinks industry are – Red Bull – Red Bull GmbH (Austria), Monster – Monster Beverage Corp (USA), Rockstar – Acquired by PepsiCo (USA), Eastroc Super Drink – Shenzhen Eastroc Beverage Co Ltd (China), and Hi-Tiger – Fujian Dali Food Co Ltd (China)

How are market players reacting to the new developments in the market?

Market players are focusing on new product launches, strong e-commerce sales channels, merger and acquisition strategies, and lucrative sports sponsorships to remain a prominent player in the global market.

About FMI:

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

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Food Waste Management Market Research Report: Overview With Geographical Segmentation By Revenue With Forecast 2032

The sales of food waste management market are estimated to be valued at US$ 62.6 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 116.4 Bn by 2032, rising at a CAGR of 6.4% for 2022-32.

Food waste refers to any sort of uneaten or abandoned food, whether liquid or solid. Food waste management is the collection of all activities and actions that take this waste from its inception to its final disposal. Food waste management includes actions such as collection, treatment, and disposal of food items. 

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food waste management market

Food loss and spoilage have increased, prompting a reevaluation of resource utilization and sustainability. Governments and groups are working to reduce regional and local waste while also raising consumer awareness of the consequences of food waste. Furthermore, rising living costs, a scarcity of resources, and rising raw material costs are pressuring businesses and consumers to cut waste.

Key Takeaways – Food Waste Management Market Study

  • The food waste prevention segment is expected to rank relatively high on the attractiveness index in the global food waste management market. In 2022, the food prevention segment is anticipated to dominate the market.
  • Food loss and wastage occurs at each node of the supply chain, from primary production to final end consumption.
  • According to FMI survey, it is observed that around 85% to 90% of the overall food wasted in the developing economies is in the supply chain, including producers, processors, distributors, transportation & logistics, and retailer levels. In developing economies, food loss usually occurs in the earlier stages of the supply chain as a result of limited technology, inadequate infrastructural facilities, unfavorable climatic conditions, and insufficient processing and lack of marketing.
  • In contrast, developed economies witness food losses and wastage to a substantial extent at the downstream stages of the supply chain.
  • In 2019, food processing wastes is estimated to dominate the food waste management market by waste type.
  • Rising preference for animal food production from food waste is expected gain traction in the food waste management market in the foreseeable future. Animal Feed, followed by fertilizers, are anticipated to remain the largest end-use segment globally during the forecast period.
  • Increase in promotional activities and investments in renewable energy generation are leading to the growing market prospects for food waste management in North America. High demand for renewable energy and development in infrastructure encourages new players operating in recycling and processing food waste market.

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Players in the food waste management market could strengthen their positions by introducing services in the rural areas where the concentration of food waste management companies is relatively low.

Technological Developments to Enhance Prospects for Food Waste Management Organizations

Increasing participation of small and mid-size enterprises in the global food waste management market provides opportunities for innovation in services offered by waste management companies. Through the development of innovative technologies such as shelf-life extension technology, companies operating in the food waste management market are able to expand their global footprint by leveraging the regulatory implications.

Know More About What the Report Covers

Future Market Insights, in its new offering, offers an unbiased analysis of the global food waste management market, presenting historical demand data (2012-2021) and forecast statistics for the period from 2022-2027. The study divulges compelling insights on the food waste management market based on the service (prevention, collection, transfer, recycling, and landfill), waste type (food production wastes, food processing wastes, distribution and supply chain wastes, retail wastes, and consumption wastes), and end-use (animal feed, fertilizer, renewable energy & biofuels, and others) across seven major regions.

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Egg-free Mayonnaise Market Competitive Growth Strategies Based on Type, Applications, End User and Region by 2028

Future Market Insights (FMI) delivers key insights on the global dairy alternatives market in its upcoming outlook titled, ‘Egg-free Mayonnaise Market: Global Industry Analysis 2013-2018 and Opportunity Assessment 2019-2028.’ In terms of value, the global egg-free mayonnaise market is projected to register a CAGR of over 6% during the forecast period.

Aligning with Industry Trends – Free-from, Low-calorie, Natural, Organic, and Vegan

Obesity is the cause of health issues such as blood pressure, diabetes, and cholesterol problems, which further lead to complications such as heart attack, organ failure, seizure, etc. These health issues occur in children, as well as older individuals. Increasing awareness of healthy lifestyle and nutritious food is driving the demand for egg-free mayonnaise. Egg-free mayonnaise has approximately 20-30% lesser calories than mayonnaise having egg. The demand for gluten-free, fat-free, and egg-free mayonnaise is rapidly increasing.

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Egg-free Mayonnaise Market – Key Research Findings

  1. The global egg-free mayonnaise market size in 2019 – nearly US$ 3,624.0 Mn.
  2. The egg-free mayonnaise market will observe just-under 6.20% CAGR over 2019-2028.
  3. Veganism is fuelling the global demand for egg-free mayonnaise. Vegan Life Magazine and the Vegan Society of almost a million people across Europe stated that,
    • In England, 542,000 individuals are becoming vegan and consuming a vegan and egg free diet. The number has increased by 300% from the previous year. 42% of individuals are from the age group of 15 to 35.
  4. North America and Europe are expected to gain noteworthy market share in the future.
    • In North America and Europe, the adoption of veganism is growing rapidly. Multiple new companies are entering the market and offering unique flavours of egg-free mayonnaise.
    • Intense competition is going on in the egg-free mayonnaise market. Due to veganism, the sale of and demand for vegan and egg-free mayonnaise is growing.
  5. Asia Pacific holds high growth potential for the egg-free mayonnaise market.
    • The increasing awareness about healthy lifestyle and nutritional food is increasing in Asia-Pacific. Individuals are concentrating on exercising and trying to avoid oily food in order to prevent cholesterol problems, diabetes, blood pressure, etc.
    • Consumers are preferring fat free, gluten free and egg free products. The improvements in financial conditions in developing countries, especially in Asia Pacific help boost the egg-free mayonnaise market.
  6. Olive oil is widely used in vegan & egg-free mayonnaise.
    • Olive oil is a healthier option as it is light, contains very less calories, helps to prevent chances of cancer and heart attack, and also helps maintain cholesterol levels. It is beneficial for weight loss and is available in different sizes like 100 gm and 250 gm, so consumers can buy as per their requirement.

Natural and organic mayonnaise is made from different oils such as olive, sunflower, avocado, flax, mustard, and grape seed. Egg-free mayonnaise is available in various flavors such as tandoori, garlic & herb, mint, lime, mild curry, aioli, chipotle, sriracha, soy free, etc. Due to various flavors, organic, natural, fat-free, and gluten-free products are attracting consumers and boosting the growth of vegan and egg-free mayonnaise.

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Low price, ease of use, and rising dining-out costs have all contributed to increased sales of egg-free mayonnaise. Egg-free mayonnaise of all brands is easily available at all grocery stores, supermarkets, convenience stores, and big malls, as well as e-commerce websites. Egg-free mayonnaise is easily available everywhere and at reasonable prices, which boosts the demand and helps increase the revenue. In many countries, shops specifically for vegan products have opened, which make it easier for consumers to buy egg-free mayonnaise.

The number of vegan individuals or those avoiding eating eggs owing to the growing awareness of animal welfare is increasing. Millennials are actively taking part in animal welfare NGOs and multiple programs organized by these NGOs to promote veganism. Veganism is going mainstream, which is helping the sales of egg-free mayonnaise.

Marketing Tactics Are Attracting Increasing Number of Customers

Practically, it is quite impossible to change the entire egg market, not for the next 10 years at least. Despite this, the egg-free segment is growing rapidly. Recent trends such as the change in diets and growing health awareness are expected to increase the sales of egg-free mayonnaise. Egg-free mayonnaise is available in attractive and convenient packaging. Different sizes of egg-free mayonnaise bottles are made available in plastic, as well as glass. Even small and big pouches and sachets of egg-free mayonnaise are available, which are easy to carry while travelling. Egg-free mayonnaise bottles are available in different colors, for example, tomato flavor is available in a red-colored bottle. This makes it convenient for consumers to recognize the required egg-free mayonnaise flavor easily.

This report on egg-free mayonnaise covers the trends driving each segment, and offers analysis and insights on the potential of the egg-free mayonnaise market in specific regions. The egg-free mayonnaise market in Asia Pacific is expected to lead the market in terms of share, and North America and Europe are expected to record a relatively higher CAGR. Also, Latin America is a prominent region for the players strategizing on market entry and the opportunity for growth is the highest among all regions.

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Some of the key players in the market are Dr. August Oetkar KG, Crosse & Blackwell, Kensington & Sons, LLC, Nestle, Zydus Wellness Limited, Del Monte Foods Inc, Spectrum Organic Products, LLC, Unilever Group, Just Inc, Veeba Food Services Private Limited, and Follow Your Heart, Remia C.V., Granovita, Nasoya Foods, Inc and Conagra Brands, Inc.

The increasing demand for egg-free mayonnaise and the growing number of manufacturers all over the world are the reasons for the increasing competitive level in the egg-free mayonnaise market. To maintain their position in the egg-free mayonnaise market, manufacturers are producing unique & innovative products with attractive offerings.

The global Egg-Free Mayonnaise market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Nature

  • Organic
  • Conventional

By End User

  • HoReCa
  • Food Processors
  • Household (Retail)

By Distribution Channel

  • Direct
  • Indirect
    • Hypermarket/ Supermarket
    • Food and Drink Specialty Stores
    • Convenience Store
    • Discount Store
    • Online Retail

By Price Range

  • Economy
  • Premium

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Tortilla market Competitive Growth Strategies Based on Type, Applications, End User and Region byb2032

Newly released data from Tortilla Market analysis by Future Market Insights shows that global consumption of Tortilla enjoyed a year-on-year (YoY) growth of 3.4% in 2022 to total sales of USD 26,394.9 Mn. 

The consumption of tortillas has increased rather significantly over the past decade. According to an analysis by Future Market Insights, the global Tortilla market is projected to be valued at US$ 12,324.4 Mn by 2032 end, expanding at a CAGR of 3.7% during the forecast period 2022-2032. Despite an extremely slow moving annual growth rate, increased tortilla consumption is predicted in the coming years—mostly supported by population growth, especially among Hispanics, as well as a continuation in the trend of consumer tortilla consumption preferences.

Tortillas have successfully positioned itself in the Latin American market. With a revenue share of +48% in 2021, Latin America clearly dominated the global tortilla market, in terms of value sales, substantially driven by the rapidly growing Hispanic population in the United States. In countries like Mexico, more than 94% of the tortillas are processed or produced using corn as its main source. Flour tortillas have a fairly high value share in the global tortillas market, compared to other variants such as tortilla chips, taco shells, tostadas, and corn tortillas. However, tortilla chips are expected to witness significant consumption in the coming years.

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Research also suggests that, due to increasing demand for Mexican cuisine such as such as tortillas, nachos, enchiladas, tacos, and tamales, especially in North America and Latin America, tortillas, in the on-the-go snacks format, have been gaining traction. Busy lifestyles, deteriorating health conditions, and increasingly urban working population are some factors contributing to the consumption increase of tortillas, as per convenience. Moreover, an in-depth consumer sentiment analysis also indicates that more than 40% consumers buy tortilla products on a weekly basis and +50% consumers buy from modern trade stores like hypermarkets and supermarkets, owing to easy availability of the product at reasonable prices. Tortilla flour-based products, being one of the main Mexican foods, is gaining traction among its target customers throughout the foodservice industry.

Traditional Tortillas in New Convenient, Flavored Formats to Push Global Adoption

The global tortilla market has witnessed a surge a surge in the launch of new products containing innovative flavors over the last couple of years. Moreover, organic or gluten-free new products are being increasingly adopted in Americas, primarily attributable to the rising demand for the product, with added health benefits. The launch of these new flavored products is expected to have a positive impact on the market, thereby fueling the growth of global tortilla market during the forecast period. Moreover, significant growth in organized retailing in the form of hypermarket and specialty markets, which are more likely to make savory snacks popular among the consumers, will significantly drive the adoption of tortillas in the coming years.

Key Food Manufacturers Adding New Features to Tortillas to Expand Consumer Base

In new food formulations, key food manufacturers including Cargill and AB Mauri are leveraging the significant growth in the consumption of tortillas and have come up with new features added to tortillas. Cargill has developed a number of whole grain, low-fat tortilla prototypes in an effort to capture a slice of the growing U.S. market for healthy bread alternatives. With their new patent technology, AB Mauri has developed reduced-fat tortillas, paving way for manufacturers to attract growing base of health conscious consumers. The company’s new patented technology enables manufacturers to develop reduced fat, reduced sodium, wheat-based tortillas. Already widely adopted in American market, AB Mauri has been strategizing on implementing the same patented technology in the European markets as well.

Moreover, FDA approvals for folic acid fortification of corn masa flour, allowing manufacturers to add up to 0.7 milligram of folic acid per pound of corn masa flour, has opened up new opportunities for manufactures to explore new food formulations. Key food manufacturer Bunge, offers corn masa flours and a wide variety of shortenings to help create products that meets all consumer demands.

Market Segments Covered in Tortilla Industry Analysis

Product Type :

  • Tostadas
  • Taco Shells
  • Corn Tortilla
  • Flour Tortilla
  • Tortilla Chips

Source :

  • Corn
  • Wheat

Processing Type :

  • Fresh
  • Frozen

Distribution Channel :

  • Online
  • Offline
  • Supermarkets
  • Convenience Stores
  • Others

Region :

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

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Key Questions Answered in the Report

  • How much is the Tortilla market current worth?

Currently Tortilla market is worth more than US$ 26,394.9 Mn (2021).

  • At what CAGR is the market expected to grow?

Tortilla consumption is expected to grow at a CAGR of around 3.4% during the period 2021-2031.

  • How was the performance in the last five years?

In terms of revenue, Tortilla grew at a CAGR of around 2.3% during 2016-2020.

  • What are the key trends boosting Tortilla sales?

The growing awareness of health consciousness among customers in the global market has propelled the industry’s expansion in the worldwide market. The utilisation of tortillas in the wrappers is another element driving this market’s global expansion.

About FMI:

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