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

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

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

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

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

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Key Takeaways from Chlorophyll Color Market Study:

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

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

Who is winning?

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

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

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

Get Valuable Insights into Chlorophyll Color Market

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

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Key Points Covered in Chlorophyll Color Market Study

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

Significant Contributions of the Report

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

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

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

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

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

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Key Takeaways from the Animal Feed Probiotics Market Study:

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

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

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

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

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

Who is winning?

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

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

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

Key Points Covered in Animal Feed Probiotics Market Study

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

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Key Questions Answered in Animal Feed Probiotics Market Report

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

About Future Market Insights

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

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

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

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

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

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

Key Takeaways from the Plant-based Milk Market Study:

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

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

Sustainability of Plant-based Milk Production to Increase its Appeal

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

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

Who is winning?

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

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

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

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

As per Future Market Insights (FMI), the global shipment of microalgae will reach 63,864.60 DW tons by 2021-end. Application of microalgae in food and beverage sector is expected to spur the demand, with sales reaching a value of US$ 99.6 Bn through 2021 and beyond.

Demand for plant-based and organic food and supplements will increase the adoption of microalgae, creating lucrative growth opportunities for market players in the forecast period (2021-2031).

Rising use of microalgae proteins and ingredients in the production of pharmaceutical, nutraceutical, and aquaculture products will be a key growth driver. As aquaculture and animal feed industries are highly dependent on plant-based additives for higher nutritional value, demand for microalgae-based ingredients pet food is increasing.

Microalgae such as spirulina and chlorella are extensively used in the production of dietary supplements. Now, with rising awareness about the advantages of plant-based dietary supplements among consumers, key players are increasing the use of microalgae in the production.

As microalgae is highly rich in anti-oxidants and has anti-inflammatory properties, extensive use of microalgae-based ingredient in healthcare and wellbeing industry is expected. According to the report, healthcare sector is expected to emerge as the primary end user, followed by the food and beverage sector.

Driven by a myriad of health benefits, demand for spirulina as a healthy additive will increase in the food & beverage industry. According to Future Market Insights, over 41.3% of microalgae sales will come from the spirulina segment.

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“Increasing consumer inclination towards plant-based products and demand for organic and sustainable food proteins will create lucrative growth opportunities for leading players within food & beverage and healthcare industry.” says the Future Market Insights analyst.

Key Takeaways from Microalgae Market Survey

• In terms of application, food and beverage sector is leading the segment with market valuation expected to surpass US$ thousand 99,623.3 by 2021-end
• Application of microalgae in cosmetic industry will boost the sales, with the segment witnessing steady growth at 4.2% CAGR through 2021
• Demand for microalgae in pet food sector will lift the sales, representing nearly 7% of year-on-year growth in 2021
• In terms of species, spirulina will lead the market with over 41.7% of market share in 2021
• Japan is expected to offer lucrative growth owing to increasing investments from government and private organization in food & beverage industry
• The U.S. will lead the market growth owing to the rising demand for plant-based food and supplements in the country

Key Drivers

• Rising consumer inclination towards plant-based and sustainable food products will drive the demand
• Increasing adoption of microalgae to develop preventive healthcare and nutraceuticals food supplements will spur the sales
• Growing demand for natural and organic antioxidants is expected to provide growth opportunities for microalgae manufacturers

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Microalgae Market – Participants Insights

With increasing demand for natural and organic food products, microalgae manufacturers are focusing on developing microalgae additives to cater to the surging demand. Extensive research and development activities also are undertaken for the expansion of product portfolio.

As per Future Market Insights, presence of numerous established players in the market is resulting in intense competition. To sustain their position in the industry, key players are emphasizing on product launches and innovations.

For instance:

• In July 2021, Microphyt, a leading company in the production and marketing of microalgae-based bioactive ingredients announced the launch of SCALE, world’s first fully-integrated microalgae biorefinery to accommodate growing demand for nutrition in food & beverage, personal care, and wellness industries.
• In June 2021, Polaris announced the launch of Omegavie DHA 800, algae oil sourced from microalgae, rich in vitamins, proteins, and enzymes. The product launched in France which offers plant-based and sustainable origin for polyunsaturated fatty acids.
• In July 2020, Unilever and biotech start-up Algenuity announced their partnership to delve into the huge potential that microalgae bring in innovating future foods for Unilever’s plant-based portfolio.

Some of the leading players operating in the microalgae market profiled by Future Market Insights are:

• DIC Corporation
• Koninkliijke DSM NV
• Roquette Frères
• Sun chlorella
• Cellana LLC
• Fuji Chemical Industries Co., Ltd.
• Corbion (TerraVia Holdings)
• Yunnan Green-A-Bio-engineering Co Ltd
• Buggypower
• Cyanotech Corporation
• Algatec (Lusoamoreiras)
• BASF SE
• Parry Nutraceuticals
• KDI Ingredients.
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Algatechnologies Ltd.
• Others

More Valuable Insights on Market

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

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End-Use Application:

• Food and Beverages Sector
• Health and Medical Sector
• Animal Feed Sector
• Pet Food Sector
• Cosmetics and Personal Care Sector
• Fertilizers Sector

By Region:

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

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Key Questions Covered in the Microalgae Market Report 

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

Premiumization and humanization trends are projected to remain chief factors driving sales of cat food in the upcoming decade. According to a recent report by Future Market Insights (FMI), the cat food market is set to surpass US$ 65 Bn rising at a CAGR of 4.8% through 2031.

Demand for higher-quality, nutritionally sound foods for pets is continuing to rise on a global scale. As a result, the all-natural product segment is witnessing an increase in grain-free, meat-and-poultry-first, and clean, wholesome-ingredients.

Cat food flavor profiles are consistent with the rest of the pet food market, which mirrors human dietary preferences. As a result of the increased consumer interest in quality and nutrition, premium wet cat food is becoming popular.

The rising focus on pet health has boosted the scope of sales for functional cat food. Cat owners are looking for products that have higher nutritional value. These factors are creating lucrative growth opportunities for new and existing players.

Functional foods are incorporated with several essential nutrients. Consequently, manufacturers should focus on the launch of new functional products to upscale their business. The demand for frozen and freeze-dried cat food is increasing. One of the factors driving the growth of the frozen and freeze-dried pet food market is the growing trend of nuclear families.

Advertisements and pet health awareness campaigns are on the rise, and celebrity endorsements are another element driving the popularity of frozen and freeze-dried cat foods. These products can be preserved for longer periods of time without losing key characteristics.

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Key Takeaways from the Cat Food Market Study:

• Offerings for senior cats account for over 80% of overall sales in 2021, owing to fast growth of felines into adolescent and adult stages.
• Sales through online retailers are expected to rise at an above average CAGR of 5.9%, with impetus from the covid-19 crisis.
• Thailand will reflect a CAGR of over 7% aided by the presence of multinational production facilities in the country.
• The U.S. is estimated to account for nearly 82% of the North American market in 2021, supported by pet humanization trends, and spending on premium products.
• China is estimated to account for more than 50% of the East Asia value share in the year 2021, driven by a spike in pet ownership rates.

“Due to the increasing demand for organic and all natural foods, various manufacturers are concentrating their efforts on balanced nutritional offerings, without compromising too much on costs. Manufacturers are leveraging the trend of animal humanization and integrated production to offer cost-effective products through 2031,” said a lead analyst at FMI.

Who is winning?

Leading cat food producers are focusing on strategic collaborations, mergers, and acquisitions in addition to bolstering organic growth strategies to consolidate their presence in previously untapped markets.

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

Get Valuable Insights into Cat Food Market

Future Market Insights, in its new offering, provides an unbiased analysis of the cat food market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the cat food market based on nature (organic, monoprotein, and conventional), by source (anima-derived, plant, derived, and insect-derived), by product type (kibble/dry, treats and chews, dehydrated food, freeze-dried food, freeze-dried raw, wet food, frozen, raw food, and powder) pet type (kitten and senior), packaging type (pouches, bags, folding cartons, tubs and cups, can, and bottles & jars) and distribution channel (store-based retailing and online retailers) across seven major regions.

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Key Questions Answered in the Report

• How much is the cat food market worth?

In 2021, the cat food market is expected to be worth over US$ 40.7 Bn.

• What is the share of the top players in the cat food market in 2021?

Mars Incorporated, Purina, The J.M. Smucker Company, Hill’s Pet Nutrition, and Affinity Petcare SA cumulatively will account for a share of 25-30% of the global market.

• Which are the top 5 countries driving demand for cat food?

The U.S., the UK, Germany, China, and France consistently reflect high demand for cat food products.

• Which countries are key producers of cat food?

The U.S., Germany, Spain, the U.K., and China are the top producers of cat food.

• At what rate did the global cat food market grow between 2020 and 2021?

The global market for cat food rose 4.2% between 2020 and 2021.

• At what rate did the global cat food market grow in the last 5 years?

The global market grew at a 3.8% CAGR from 2016 to 2020.

• What factors are driving the demand for cat food?

The rising trend of pet humanization, growing focus on organic and natural ingredients, and growing pet ownership rates in developing countries are factors driving growth.

• What is the North America cat food market outlook?

The North America cat food market is set to rise at a 3.7% CAGR through 2031.

• At what rate is the sales of cat food in Europe set to grow?

The Europe market for cat food is projected to rise at a 4% CAGR through the assessment period.

• What are the key statistics of the South Korea and Japan cat food market in 2021?

The South Korea and Japan cat food markets account for 10.4% and 8% of the global market respectively.

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.

Impetus from the beverage, bakery, and confectionary industries is driving the global caramel food colors market. According to Future Market Insights (FMI), the market will surpass US$ 409,000 thousand at a CAGR of 9.5% through the end of the forecast period in 2031.

The demand for caramel food colors is driven by innovation in the food industry combined with manufacturers leveraging exhibitive platforms. Pastry, baked goods, and confectionary production has become a highly organized revenue stream.

This has given professional cooks a larger platform on which to test their ideas. Media, television shows, and marketing have rendered an exotic touch to eating habits, through the art of cooking and baking.

Food color manufacturers are increasingly aiming at amateur cooks as cuisine trends go global. Amateur cooks throughout the world have been given an appreciative and competitive platform via social media, which is enabling them to demonstrate their discoveries in the baking and confection arena. As a result, the market in the retail and catering sectors is growing.

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As a result, the caramel food colors sales in the retail and catering sectors is projected to grow at an impressive rate through the coming decade. Modern customers are paying close attention to ingredient lists and labels, and they demand complete control over what they eat on a daily basis.

Clean-label trends streamline the ingredients list and remove ingredients that aren’t easily recognized or favored by consumers for food manufacturers, which will create a conducive environment for natural coloring agents.

Key Takeaways from the Caramel Food Colors Market Study

• Seasonings including food coatings, spices and condiments will reflect a high growth rate of 12% CAGR through 2031 owing to the rapidly expanding processed food industry.
• Sulphite ammonia based caramel colors will account for a larger share of 50% in 2021 owing to cost benefits to end use verticals.
• The U.S. is estimated to account for more than 85% of the North America market in 2021, supported by a matured food processing sector.
• China is estimated to account for more than 50% of the Asia Pacific value share in 2021 owing to a vast consumer base, and investments into the processed food sector.
• Germany accounts for more than 22% of the Europe market in 2021, supported by the presence of key players and a prominent manufacturing industry.

“Caramel food colors manufacturers are focusing on launching shelf-stable coloring products to keep up with demand from food producers, helping them get the desired color range and ensure that their food items have a longer shelf-life,” said a lead analyst at FMI.

Who is winning?

Color, texture, and flavor of consumables are tailored to the preferences of the consumer. The number of artisanal bakeries is growing due to rising demand for premium bakery and confectionary products, while being supported by changing lifestyles and consumer purchase habits.

Some of the leading companies offering caramel food colors are BioconColors, DDW, The Color House, Döhler Group Kalsec Inc., DSM, Naturex S.A., and others.

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Get Valuable Insights into Caramel Food Colors Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the caramel food colors Market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the caramel food colors market based on type (caramel (plain), caramel (caustic sulphite), caramel (ammonia), and caramel (sulphite ammonia), and by application (beverage, bakery, snacks, & cereal, candy / confectionery, dairy, fruit preparations / fillings, meat, poultry, fish, & eggs, potatoes, pasta, & rice, sauces, soups, & dressings, seasonings, and pet food.) across five major regions.

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.

The global vegan dog food market is primarily driven by the increasing demographics for vegan population. The growing opportunity for vegan dog food due to rising pet ownership, along with increasing demand for healthy pet food products will spur the overall market growth around the world.

According to a new report by Future Market Insights (FMI), the market is set to rise at a CAGR of 6.9% through the end of the forecast period in 2031 with a valuation of over US$ 12.22 Bn. 

The increasing focus on the health of dogs has augmented the market demand for vegan dog food.

Dog owners are looking for food products with higher nutritional value. The growing awareness regarding healthy dog food is propelling the demand of vegan dog food in the market. These aspects are encouraging product launches, subsequently driving overall growth.

• In May 2020, Bond Pet Foods, Inc., has introduced its first consumer product – animal-free, a high-protein dog treat bar. The company is headquartered in the U.S. and work with biotechnology to produce the convenient Protein-Packed treat bar for dogs that has been accepted by veterinary nutritionists for high palatability and digestibility.

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Key Takeaways from the Vegan Dog Food Market Study

• In terms of nature, conventional vegan dog food is most preferred and will hold a dominant share of more than 81.2% in 2021. It is expected to grow at a CAGR of 6.0% over the forecast period.
• Kibbles or dry vegan dog food will hold the maximum share of 24.3% in 2021 exhibiting a CAGR of 5.8% in the forecast period.
• Puppies are dominating the global vegan dog food industry in terms of age group with the market share of 53.6% in 2021.
• Among the sales channel, store based retailing is the most preferred and holds a dominant share of more than 86.4% in 2021 and is expected to grow at a CAGR of 6.1% over the forecast period.
• Bags will hold the maximum share of 36.8% in 2021. The use of stand-up bags in the pet food packaging business is the newest trend.

“The expansion of the vegan industry has evidently created opportunities vegan dog food sales. Besides this, awareness regarding their pet’s health and wellbeing has attracted pet owners to shift towards vegan diet for their dogs.” said a lead analyst at FMI

Who is winning?

To meet the rising demand from customers, manufacturers are investing extensively to refresh their stocks with vegan dog food products. For instance:

• In May 2020, Nestlé Purina PetCare, has announced about the series of investments (CHF 100 million) in plants, such as plant-based pet food products, this will further build up the company’s footprint in the Chinese market.
• In November 2019, Nestlé Purina PetCare authoritatively opened its 21st U.S.-based pet care product production unit in the Hartwell. Purina will manufacture its wet pet food brands, including Purina ONE, Pro Plan, and Fancy Feast at its new plant (Hartwell) and mainly serve the south-eastern pet food market.

Some of the key players in vegan dog food market are Mars Incorporated, Hill’s Pet Nutrition, Lafeber Co., Fromm Family Foods LLC., Dave’s Pet Food, Boulder Dog Food Company, L.L.C., Champion Petfoods, Nutro Products Inc., Evanger’s Dog & Dog Food Company, Inc.

Get Valuable Insights into Vegan Dog Food Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the Vegan Dog Food market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the vegan dog food market based on product type (kibble/dry, dehydrated food, treats and chews,   freeze-dried raw, wet food, frozen, powder and freeze-dried food), nature (organic and conventional), by age group (adult, senior, puppy), by packaging (pouches, bags, folding cartons, tubs & cups, can, bottles & jars) (by distribution channel (direct sales/B2B, HoReCa, and indirect sales) across ten major regions North America, Latin America, Europe, APEJ, Japan, Oceania, and MEA.

Key Points Covered in Vegan Dog Food Market Survey

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

For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-13685

Key Questions Answered in the Report

• What is the overall global Vegan Dog Food market value?

The global vegan dog food market is expected to surpass a valuation of US$ 10,560.40 Mn by 2021.

• What is the demand outlook for Vegan Dog Food market?

The vegan dog food market will register a steady rise in demand through 2021. As per FMI, the market is expected to register a CAGR of 6.9% in the forecast period.

• What are the key trends dominant in the Vegan Dog Food market?

The main determining variables are the growing vegan preferences in pet food and manufacturers’ focus on meeting regulatory criteria.

• What are the key factors propelling the sales of Vegan Dog Food?

Increasing health concerns among pet dogs have resulted in a demand for meat-free dog food, as dog owners have become more concerned about their dogs’ health and well-being, are significant reasons driving vegan dog food sales.

• What is the North America Vegan Dog Food market outlook?

North America is a major market for vegan dog food. It will register 4.8% CAGR through the end of 2031.

• What is the cumulative share of the top ten companies in the Vegan Dog Food market?

The top five companies operating in the Vegan dog food market are Nestlé Purina PetCare, Mars Incorporated, Hill’s Pet, Evanger’s Dog & Cat Food Company, Inc., and Rollover Premium Pet Food Ltd.  These companies hold a market share of 30 to 40% of the global vegan dog food market.

• At what rate will the Vegan Dog Food market grow in Europe?

Future Market Insights has forecast the European vegan dog food market to exhibit a CAGR of 6.6% between 2021 and 2031.

• Which are the top 5 countries exhibiting high demand for Vegan Dog Food?

The U.S., Canada, U.K., Japan, Germany and France are among the leading markets for vegan dog food, exhibiting consistently high demand.

• What is the share of the Germany and China Vegan Dog Food markets?

As per Future Market Insights, Germany vegan dog food market accounts for 14.7% in Europe, while China accounts for 37.3% of the East Asia 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.

As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors fuelling the demand for microalgae in animal feed sector.

Rapid urbanization, rising disposable income, and growing awareness regarding benefits of natural antibiotics such as astaxanthin are positively impacting the sales of microalgae products.

Increasing consumption of animal proteins also is creating opportunities for sales of high quality fish and animal feed to derive healthy source of proteins for humans. As a result, microalgae products are gaining traction.

The rise in global population has led to the exploration of alternative sources of energy and food. Microalgae supplements not only benefit animal diets but also add value to the end products. The inclusion of microalgae in animal diets improves overall yield in animals.

Adoption of microalgae as feed ingredients is increasing, especially as a renewable alternative to traditional counterparts such as corn and soybean. It has been found that microalgae have anti-oxidant, anti-microbial and diseases preventing properties that can increase the lifespan of animals and fishes. As a result, they are being increasingly adopted in animal feed.

According to FMI, the surging demand for microalgae products across aquaculture and poultry industries will create scope for the expansion of the market during the forecast period.

Spirulina will lead the market in terms of species type. It is expected to account for a market share of around 39% in 2021. This can be attributed to its highly nutritional properties. North America is one of the leading regions, exhibiting high demand for microalgae. It is expected to account for 36.1% of the global microalgae sales in animal feed sector in 2021.

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“Growing demand for meat and dairy products to cater to the consistently increasingly population will continue to fuel the demand for microalgae in the animal feed sector,” says the FMI analyst.

Key Takeaways from Demand for Microalgae in Animal Feed Market Survey

• The U.S. will account for over 92% of sales in North America through 2031.
• Owing to the increasing sales of meat protein products, the demand for microalgae in Germany animal feed sector is expected to surpass a valuation of US$ 2.5 Mn in 2021.
• Brazil holds more than 52% value share in Latin America, driven by demand from a massive animal husbandry industry.
• Spirulina with its high nutritional properties account for more than 39% of the global market in 2021.
• Freshwater microalgae accounted for 82% of global demand for microalgae in animal feed sector in 2021.

Key Drivers

• Growing demand for meat and dairy products is bolstering the demand for microalgae in the animal feed sector.
• Rising awareness regarding the benefits of microalgae-based animal feed products is aiding the growth of the market.
• High adoption of microalgae products in aquaculture and poultry industry will further escalate the demand.

Key Restraints

• Availability of substitutes is hampering the demand for microalgae in the animal feed sector.
• High cost of microalgae-based animal feed also restraints the demand to some extent.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/ask-question/rep-gb-13683

Competitive Landscape

Key companies operating in the microalgae industry are aiming at developing new products. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

• In July 2021, AstaReal AB, part of the AstaReal Group introduced its astaxanthin brand NOVASTA in the European Market, to support optimal health and nutrition for a variety of animals. NOVASTA is rich in natural astaxanthin, carotenoids, proteins, carbohydrates and essential fatty acids.
• In July 2019 DSM, a global science-based company in nutrition, health and sustainable living, together with Evonik inaugurated their Veramaris 50-50 joint venture’s commercial-scale US$ 200 million production facility in Blair, Neb. (USA. This new site will begin commercial production of omega-3 fatty acids rich EPA and DHA from natural marine algae for sustainable salmon farming.

Some of the prominent players operating in the demand for microalgae in animal feds sector market profiled by FMI are:

• DIC Corporation
• Cyanotech Corporation
• Koninkliijke DSM NV
• Roquette Frères
• BASF SE
• Fuji Chemical Industries Co., Ltd
• Parry Nutraceuticals
• BGG (Beijing Gingko Group)
• KDI Ingredients
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Yunnan Alphy Biotech Co., Ltd.
• Algaecan Biotech Ltd.
• Algatechnologies Ltd.
• Cardax, Inc.,
• Igene Biotechnology, Inc.
• Fenchem Biotek Ltd.
• AstaReal Inc.,
• Others

More Insights on the Demand for Microalgae in Animal Feed Sector Sales Outlook

FMI provides an unbiased analysis of demand for microalgae in animal feed sector market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for microalgae in animal feed sector with a detailed segmentation on the basis of:

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End Use Applications:

• Poultry Feed
• Swine Feed
• Cattle Feed
• Aquaculture Feed
• Equine Feed

By Region:

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

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Key Questions Covered in the Demand for Microalgae in Animal Feed Sector Sales Outlook Report

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

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

Future Market Insights (FMI) sees this as a primary growth driver. In its latest study, FMI predicts vegan cat food sales to increase at 7.2% CAGR between 2021 and 2031.

Pet humanization has recently gotten a lot of attention in the mainstream media throughout the world. In the vegan cat food industry, the change from cat ownership to cat parenting has been a critical and defining development, particularly in industrialized countries.

A pet is owned by more than one-third of families in developed countries. According to the National Pet Owners Survey (2019-20) performed by (APPA) American Pet Products Association, more than 85 million households in the United States had one or more pets.

Rising pet adoption will remain key to expansion of the vegan cat food market. This, coupled with higher degree of awareness pertaining to health and wellness of cats and dogs has piqued pet owners’ interest for vegan pet food.

Get Sample Copy @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13677

Key Takeaways from the Vegan Cat Food Market Study:

North America leads in terms of market share, accounting for 39.2% of the global vegan cat food market in 2021.
Kibble and dry cat food will remain top-selling product category, accounting for a market share of 23.5% in 2021. The kibbles are dried, cooled, and sprayed with a protective coating. They offer higher convenience, which has resulted in their soaring demand.
Vegan cat food demand for adult cats is anticipated to rise CAGR of 6.3% during the forecast period.
Store-based retailing of vegan cat food will continue increasing, accounting for 86.4% of sales in the market 2021.
Based on packaging, the bags segment is accounted for 35.8% of the global vegan cat food market as it is a more cost-effective alternative to the cumbersome containers and jars that were once used in packing.

“The top competitors in the global vegan cat food market have a well-defined product classification system. Manufacturers are concentrating their research and development efforts on developing unique and nutrients enriched products best for the cat’s health,” says a lead FMI’s main analyst

Investing in Research & Development Remains Key Strategy among Leading Manufacturers

Increasing investment in research and development by key players around the world, particularly in the developed world, are projected to accelerate the expansion of the global vegan cat food market shortly.

The increasing demand for plant-based food for both humans and pets around the world is another factor driving the market over the forecast period.

Additionally, manufacturers are introducing various product types like frozen, freeze-dried vegan cat food and various cat treats like crunchy snacks, chew sticks for cats, which will aid in the market’s overall expansion.

Increased awareness regarding what is good for cat health has resulted in a greater focus on improving its weight and maintaining its overall health. Customers choose from a variety of foods and place a high value on product brands. Therefore, manufacturers are continuously working to break into the luxury food goods segment and increase their overall profit margin.

Who is Winning?

Some of the leading companies offering Vegan Cat Food Market are Benevo, Wysong, Evanger’s Dog & Cat Food, Nature’s Recipe, My Aistra, Evolution Diet, Cannapple, Eco Dog and Cats, Nature’s Diet, Dr.goodpet and others.

To reach a large customer base, vegan cat food industry producers are aiming at product launches to offer greater health benefits. This also has resulted in higher focus on research and development.

Additionally, COVID-19 outbreak has caused manufacturers to focus on online retailing to reach customers through E-commerce websites.

Get TOC @ https://www.futuremarketinsights.com/reports/vegan-cat-food-market/table-of-content

Get Valuable Insights into Vegan Cat Food Market

Future Market Insights, in its new offering, provides an unbiased analysis of the vegan cat food market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the vegan cat food market based on product type (kibble/dry, dehydrated foods, treats and chews, freeze-dried raw, wet food, frozen, powder, freeze-dried food), by age group (kitten and Adults), and by distribution channel (Online Retailers, Store-based Retailing  ) and by packaging (bags, bottles & jars, cans, folding cartons, pouches, tubs & cups) across seven major regions.

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.

Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
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Microalgae is extensively used for its antioxidant properties that promote skin health by increasing moisture retention, and elasticity, surpassing other carotenoids and commonly used antioxidants. According to a recent report by Future Market Insights the demand for microalgae in the personal care and cosmetics sector is expected to cross US$ 76.5 Mn by 2031.

A series of human studies conducted by numerous leading companies in this field including BASF SE, BGG, and Fuji Chemical Industry suggested that microalgae could visibly and significantly reduce the depth of wrinkles and the appearance of skin texture, by minimizing age spots, while improving moisture content.

Microalgae is gaining interest for its roles as a preventative and reparative anti-aging agent. Microalgae helps to protect eyes from oxidative stress and radiation. Species such as chlorella is helpful for prevention of eye diseases.

Zeaxanthin is a photoprotective pigment found in plants and algae that displays stronger antioxidant activity than other plant sources. Zeaxanthin, like lutein, plays a protective role and aids in eye healing. These factors are encouraging the production and consumption of microalgae eye products.

For Instance, in April 2019, Microalgae ingredient specialist AlgaTechnologies Ltd. (Algatech) launched a new product within its astaxanthin product line – AstaPure EyeQ – a microencapsulated, cold water-soluble, 2 percent astaxanthin powder, marketed for promoting superior vision functionalities.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13679    

Key Takeaways from the Demand for Microalgae in Personal & Cosmetics Sector Study:

• The U.S. is estimated to account for 89.9% of the North America market in 2021, supported by a strong clean label movement in the American personal care industry.
• China is estimated to account for 41.9% of the Asia Pacific in 2021, driven by easy access to raw materials and lower labour costs.
• Germany accounted for over 17% of the Europe market in 2021, driven by concerns over the side effects of synthetic ingredients in conventional cosmetics.
• Fresh water microalgae will reflect an above average 3.7% CAGR through 2031 owing to easier availability and higher yield.
• Spirulina products account for over 38% of the market, owing to widespread cultivation and cost-effective yields for personal care and cosmetics manufacturers.

“Consumers value quality above all. As a result, companies engaged in microalgae-based products manufacturing are investing in R&D to offer high-quality products, while focusing on adopting cutting-edge technology that will enable players to maintain premium standard in the personal care and cosmetics sector,” said a lead analyst at FMI.

Who is Winning?

Manufacturers of cosmetic ingredients have started customizing their products to suit the needs of their clients, and the applications for which such ingredients are required. Moreover, the increasing demand for clean label and natural products in the cosmetic and personal care industry has pushed manufacturers to invest in R&D facilities to innovate products as per market trends.

Some of the leading companies offering microalgae in the personal care and cosmetics sector are  DIC Corporation , Cyanotech Corporation, Koninkliijke DSM NV, Roquette Frères, BASF SE, Fuji Chemical Industries Co., Ltd., Parry Nutraceuticals, BGG (Beijing Gingko Group), KDI Ingredients, Sinoway Industrial Co., ltd. , INNOBIO Corporation Limited, Yunnan Alphy Biotech Co., Ltd, Algaecan Biotech Ltd., Algatechnologies Ltd., Cardax, Inc., Igene Biotechnology, Inc., Fenchem Biotek Ltd., AstaReal Inc., Valensa International, Kunming Biogenic Co., Ltd., and others.

Get Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the demand for microalgae in personal & cosmetics sector presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for microalgae in personal & cosmetics sector based on species type (spirulina, chlorella, dunaliella, haematococcus, schizochytrium, euglena, nannochloropsis, nostoc, phaedactylum, and others), by source (marine water and fresh water), and by end use application (fragrance, hair care, eye care, skin care, oral care, cosmaceuticals, and others) across five major regions.

For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-13679

Key Questions Answered in the Report

• What does the demand for microalgae in the personal care and cosmetics sector total?

In 2021, demand for microalgae for personal care and cosmetics will account for around US$ 50 Mn.

• What is the share of the top players driving demand for microalgae in the personal care and cosmetics sector?

Euglena, Koninkliijke DSM NV, Sun chlorella, Fuji Chemical Industries Co., Ltd., and Novagreen cumulatively account for 35-40% of the market.

• Which are the top 5 countries driving demand for microalgae in the personal care and cosmetics sector?

The U.S., China, Germany, and the U.K. consistently reflect high demand for microalgae products.

• Which countries are key producers of microalgae for the personal care and cosmetics sector?

India, China, Spain, and Germany are leading producers of microalgae for personal care and cosmetics products.

• What is the global demand growth rate for microalgae in the personal care and cosmetics sector between 2020 and 2021?

The demand for microalgae in the personal care and cosmetics sector rose by 4.00% from 2020 to 2021.

• At what rate will the demand for microalgae in the personal care and cosmetics sector of North America rise?

The demand for microalgae in the personal care and cosmetics sector in North America will grow at 3.6% CAGR through 2031.

• What are the prospects for demand for microalgae in the Europe personal care and cosmetics sector?

The demand for microalgae in the personal care and cosmetics sector in Europe will rise at 4% CAGR through 2031.

• What are the key statistics of South Korea and Japan’s demand for microalgae in the personal care and cosmetics sector?

South Korea and Japan accounted for 3.5% and 4.6% of the East Asia market in 2021.

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.