Market Research Blog

The global food thickeners agents market size is estimated to be USD 2.6 Bn in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 3.8% from 2022 to 2032 and reach a valuation of USD 3.8 Bn by 2032 end.

Health Benefits Pushing Adoption of Food Thickening Agents

Food thickening agents are commonly used for texture and consistency enhancement, without compromising on taste or savory. Moreover, health benefits associated with food thickening agents is also driving the overall sales. Thickens agents such as gums and starches are used a fat replacers, fibre bearing ingredients gums naturally resist digestion whereas starches act as primary energy sources, and the ability to replace high-carb ingredients by reducing the overall calorie content of the food are some key reasons behind enhanced consumption of food thickening agents.

Consumer inclination towards plant-based food thickening agents is estimated to grow, especially among vegans, in the coming years. Economically priced starch offering high stability and viscosity will make it the fastest growing product segment through 2028.

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Application in bakery and confectionary coupled with rising demand for gluten-free bakery products is projected to dominate the global consumption of food thickening agents. The ability of thickening agents to increase the viscosity without altering other taste aspects of the food and beverages and providing an improved mouth feel has made it immensely popular among food manufacturers.

Multiple Functionalities of Food Thickening Agents to Provide Product Innovation Opportunities for Manufacturers

Incidences of medical conditions such as difficulty in swallowing or dysphagia, has led to a greater adoption of food thickening agents as it helps in slowing down the transit of fluids and food, providing more coordination time for the swallowing process. Additionally, cases of dysphagia in infants has created opportunities for food thickening agents manufacturers to come up with innovative baby food, addressing the concern pertaining to rising back of food in the oesophagus, among infants. Since, food thickening agents are also used as stabilizers, providing a longer shelf life to processed food, manufacturers of pet food see this an opportunity to come up with canned food for dogs and cats. Listed in Annex of the Council Directive of Europe, Cassia Gum is considered safe for canned pet foods.

Key Segments Covered

Global Food Thickening Agents Market – By Source

• Plant
  • Guar Gum
  • Gum Arabic
  • Locust Bean Gum
  • Pectin
  • Starches
  • Other Plant Sources
• Seaweed
  • Carrageenan
  • Agar
  • Alginate
• Microbial
  • Gellan Gum
  • Curdlan
  • Xanthan Gum
• Animal (Gelatin)
• Synthetic
  • Carboxy Methyl Cellulose
  • Methyl Cellulose

Global Food Thickening Agents Market – By Application

• Bakery & Confectionery
• Meat & Poultry
• Sauces & Dressings
• Beverages
• Dairy Products
• Other Applications

Global Food Thickening Agents Market – By Region

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

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APEJ Fastest Growing Regional Market for Food Thickening Agents; North America to Remain Dominant

North America is projected to hold the largest market share and will retain its dominant position over the forecast period, attributable to the presence of key companies such as Archer Daniels Midland Company, Cargill Inc., CP Kelco, E. I. du Pont de Nemours and Company, and Tate & Lyle PLC. APEJ is expected to witness highest growth through 2028, owing to changing dietary preferences.

Top players in the food thickening agents market held close to 32% of the total market share value by 2017 end. Manufacturers are expected to expand their share in the global food thickening agents market through new product development and enhanced production techniques. Market consolidation through acquisitions and strategic alliances to expand production capacity will remain a key strategy among smaller manufacturers of food thickening agents.

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 Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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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.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

Vitamin C offers a plethora of health benefits. Capitalizing on spreading awareness about the same, vitamin C ingredients market players are looking to make a mark. Future Market Insights (FMI) has published a report on the topic. It predicts the market to surge at a steady CAGR of 5.3% between 2019 and 2028. It also pegged the market’s estimated valuation at US$ 2190.2 Mn in 2019.

According to the report, vitamin C helps in healing wounds and prevention of infections, which makes pharmaceutical industry a leading end-user. Furthermore, vitamin C improves absorption of iron from food, it reduces the risk of chronic ailments, control blood pressure, and boosts immune health. The rising knowledge about health benefits of vitamin C will boost the vitamin C ingredients market.

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Some of the key takeaways from the report are:

• In terms of product, the market includes ascorbic acid, sodium ascorbate, calcium ascorbate, ascorbic acid 90% granulation, ascorbic acid 95% granulation, ascorbic acid 97% granulation, coated vitamin C ingredients and others.
• Among product types, the ascorbic acid segment held the dominant 54% of the vitamin C ingredients market share in 2019.
• Asia Pacific excluding Japan, especially China can be credited for the maximum production of vitamin C ingredients.
• APEJ is expected to remain a fairly lucrative market for vitamin C ingredients.  Between 2019 and 2028, the regional market is forecast to rise at an impressive 6.9% CAGR.
• North America, Western Europe, and Japan are expected to remain stable markets for vitamin C ingredients, clocking a steady pace of growth.

Rising Health Awareness among Consumer Identified as Chief Growth Driver

Vitamin C ingredients offer multifunctional benefits perfectly suited for consumers in search of healthy foods hence, vitamin supplements. Vitamin C has become increasingly important in skincare. It is used for prevention of infections, healing of wounds, improving absorption of iron from food, reducing the risk of chronic diseases, and controlling blood pressure. Increasing knowledge about health benefits offered by vitamin C ingredients has made them highly relevant to modern lifestyle, which is a key factor impelling growth in the market.

Vitamin C Ingredients Aid in Disease Cure

Vitamin C is available in different sources, each with unique benefits. Vitamin C ingredients aid development, growth, and repaid of body tissues. Besides this, vitamin C ingredients boost the formation of collagen in body and helps in maintaining good cartilage, teeth, and bone health. Increasing awareness about the same will aid the market’s expansion in the coming years.

They also aid in the cure of degenerative diseases. This has been identified as one of the chief market drivers. Vitamin C contains nutrients that have been proposed, albeit not scientifically, to lower the risk of certain types of cancer, diabetes, cardiovascular diseases, cataracts, and age-related macular degeneration.

Recent Technological Advancements to Aid Growth

In the last couple of years, the market has witnessed several technological advancements especially in the ascorbic acid segment. These developments were intended to benefit manufacturers as they brought about improvements in vitamin C results. For instance, these developments were followed by advent of methods such as spray drying, spray chilling, spray cooling, fluidized bed coating, and extrusion to improve encapsulation. These methods helped achieving higher stability of vitamin C and positively influenced consumer acceptability for carrier foods.

Spurred by aforementioned advances, the market will witness increasing demand around the world. According to the report, Asia Pacific excluding Japan will emerge as the leading market for vitamin C ingredients. Meanwhile developed markets in North America, Western Europe, and Japan will exhibit moderate rate of growth.

“In addition to the aforementioned factors, the rise in disposable income of consumers and their changing lifestyle has greatly influenced the vitamin C ingredients market. The higher consumption of fast food in emerging markets has compelled consumers to look for food supplements. This has in turn encouraged the sales of vitamin C ingredients in this part of the world,” said a lead analyst at FMI.

Who is winning?

For the purpose of the study, the report profiles companies such as Foodchem International Corporation, Koninklijke DSM N.V., CSPC Pharmaceutical Group Limited, and Glanbia Nutritionals China (Suzhou) Co., Ltd, Northeast Pharmaceutical Group Co., Ltd., North China Pharmaceutical Co., Ltd., The TNN Development Limited, Hunan Sunshine Bio-Tech Co., Ltd, Microbelcaps, Wuhan Yuancheng Gongchuang Technology Co.,Ltd, Hangzhou Focus Corporation, Beijing Heronsbill Food Material Co.,Ltd, Curechem Group, Shandong Luwei Pharmaceutical Co., Ltd., Triveni Interchem Pvt. Ltd., Manav Drugs, Akhil Healthcare Private Limited, China BBCA Group Corporation, AB Mauri Lanka and Merck.

Some of the leading multinational companies in the market have collaborated with local players in China to establish their presence in the country. This is one of the key vitamin C ingredient trends that is expected to prove vital. In addition to this, market players are expanding presence around the world through setting up new facilities and product launches. For instance, Foodchem International Corporation has established its office in Belgium in January 2018.

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VITAMIN C INGREDIENTS MARKET TAXONOMY

The report segments the global vitamin C ingredients market in detail to present an executive-level blueprint to the reader

Product Type

• Ascorbic Acid
• Sodium Ascorbate
• Calcium Ascorbate
• Ascorbic Acid 90% Granulation
• Ascorbic Acid 95% Granulation
• Ascorbic Acid 97% Granulation
• Coated Vitamin C

Form

• Powder
• Granules

Source

• Natural
• Synthetic

End Use

• Food
• Beverages
• Cosmetics and Personal Care Products
• Pharmaceuticals
• Animal Feed

Process

• Reichstein Process
• Two-Stage Fermentation Process

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• MEA

Phycocyanin possess anti-inflammatory, anti-oxidants, and hypolipidemic properties due to which it is in high demand in the cosmetics industry. Future Market Insights (FMI) in a study has forecast the global phycocyanin market to reach US$ 136.5 Mn in 2021. Phycocyanin consists of antioxidants such as Beta-carotene and Vitamin A, C and E in large quantities, which are helpful in providing skin nourishment. Increasing awareness regarding various health benefits of phycocyanin besides its anti-cancer properties will fuel its use in cosmetics products.

This is because consumers nowadays are likelier to choose treatment that doesn’t require consumption of medicines. The demand for more natural ways of preventing chronic ailments will bode well for the market. Cosmetics made from phycocyanin witnesses a high demand in the due to their wide use in spa, cosmetics such as American ginseng extracts and herbal treatment.

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Lately, manufacturers have started producing cosmetic products from phycocyanin that are capable for improving cutin degeneration and also has properties of skin nourishment and preventing from ultraviolet irradiations. Further, there is also growing market in the areas of skin whitening, anti-aging and pigmentation reducing products.

Despite rising demand from cosmetics industry, the food and beverages sector will continue dominating the market through the forecast period. The rising demand for food containing natural colors and in general aversion towards artificial ingredients and additives will strengthen phycocyanin presence in the food sector. FMI has projected the food and beverages industry to account for nearly 85% of the overall market in 2021.

Key Takeaways from the Phycocyanin Market Study

The global phycocyanin market is set to 7.1% Y-o-Y growth in 2021, driven by increasing application across diverse industries The U.S. remain an attractive market, accounting for over 82% of phycocyanin sold in North America in 2021 Demand from U.K. will rise considerably. The U.K. market for phycocyanin is expected to register 7% Y-o-Y growth in 2021 Germany and France will emerge as other attractive markets in Western Europe China and India will emerge as lucrative pockets in Asia Pacific excluding Japan Japan market will record 5.7% Y-o-Y growth in 2021 in terms of value

“In order to gain competitive advantage, market players have been focusing on research and development initiatives. This is especially common among new entrants intending to seal their position with the launch of innovative products in the market,” said a lead FMI analyst.

Who is winning?

Several top manufacturers of phycocyanin are concentrating on providing phycocyanin at an optimum price, owing to their increasing demand among consumers. Different companies have implemented integrated production approach to delivering cost-effective products in the market to escalate their industry footprints and to upsurge their production capacity. Prominent players of phycocyanin are endowing in research and development to produce organic, non-GMO products from phycocyanin.

A few of the leading players operating in the Phycocyanin market are Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., Parry Nutraceuticals Limited, Döhler GmbH, Naturex S.A., Naturalin Bio-Resources Co., Ltd, Far East Bio-Tec Co., Ltd., Fraken Biochem Co., Ltd. and other players.

Phycocyanin Market by Category

Nature

• Organic
• Conventional

Form

• Powder
• Liquid

Grade

• Phycocyanin E18
• Phycocyanin E25
• Phycocyanin E3.0

Application

• Food & Beverage
  • Confectionery
  • Beverages
  • Dairy Products
  • Bakery Products
  • Baby Food Formula
  • Others
• Cosmetics & Personal Care
  • Face Cream
  • Moisturizers & Lotions
  • Lipsticks
  • Eye Liners
  • Eye Shadow
  • Soap
  • Body Wash
• Nutraceuticals
• Animal Feed
• Aquaculture

Region

• North America
• Western Europe
• Eastern Europe
• Latin America
• Japan
• APEJ
• MEA

View TOC of Report @ https://www.futuremarketinsights.com/reports/phycocyanin-market/table-of-content

Key Questions Answered in the Report

Q1. At what rate the demand for phycocyanin is expected to grow for the next 5 years?

The global phycocyanin market is estimated to grow by CAGR of 6.8% for the next 5 years.

Q2. Which form of phycocyanin is more preferred?

The powder form of phycocyanin holds the dominant share in the market and is forecast to grow at 6.7% CAGR by 2031. Powder form is more preferred because it allows high flexibility with dosing and offers active nutrient delivery. In powder form, the absence of water prevents the occurrence of oxidative phenomena which degrades blue protein.

Q3. Which are the leading companies offering phycocyanin?

Some of the leading companies offering phycocyanin are Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., among others.

Q4. What are the key factors supporting phycocyanin use?

Some of the key factors supporting use of phycocyanin includes the increasing awareness about high nutrition value of Spirulina, approval of phycocyanin extracted from Spirulina for use in food and beverages by regulatory agencies, government initiative towards production of Spirulina, and launch of new varieties of natural color’s produced from Spirulina and many others.

Newly released data from Aquaponics Market Analysis shows that global demand for aquaponics enjoyed year-on-year (YoY) growth of 8.0% in 2022 and is estimated to be USD 1.5 Bn in 2022 and is expected to witness a prominent growth rate of 8.3% to reach the value of USD 3.3 Bn by 2032.

According to FMI analysis, Nelson & Pade Aquaponics, Practical Aquaponics, Aquaponics USA, The Aquaponic Source, Pentair Aquatic Eco-System, Inc.  Are identified as key Aquaponics brands.

Small-scale farming is expanding to include aquaponics, a crucial breakthrough. Farmers can successfully use aquaponics technology in a business model as a cost-cutting and revenue-generating technique, especially during the hot, humid summer months. Aquaponics is a closed-loop water-circulation system that combines fish aquaculture and vegetable cultivation. This not only saves a lot of water but also boosts crop productivity during periods of extreme drought.

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The aquaponics business is expected to develop due to its economic and ecological benefits. Because natural produce is devoid of pesticides and fertilisers, expenditures in aquaponic operations, particularly on a commercially huge scale, are expanding due to increased urban agriculture and growth in the market for organic food.

Furthermore, the increasing population and growing preference for off-seasoning fruits and veggies are increasing the consumption of aquaponics systems to nurture the plant sustainably and organically without using toxic pesticides. Because of the cost advantages of the aquaponic system, the industry will rise in the next years due to rising fish consumption.

Impact of Covid-19 on Global Aquaponics Market

The Coronavirus pandemic had an impact on every business throughout the globe. The pandemic seems to have had a significant impact on the aquaponic industry, as covid-19 has caused supply chain disruptions in agriculture and allied businesses.

Key Companies Profiled

• Nelson & Pade Aquaponics
• Practical Aquaponics
• Aquaponics USA
• The Aquaponic Source
• Pentair Aquatic Eco-System, Inc.

Market Segments Covered In Aquaponics Market Analysis

By Type :

• Media Filled Growbeds (MFG)
• Nutrient Film Technique (NFT)
• Deep Water Culture (DWC)
• Others

By Component :

• Bio Filter
• Settling Basins
• Fish tanks
• Soil-free plant bed
• Rearing Tanks
• Aquaponic Produce
• Others

By Equipment :

• Pumps and Valves
• Water Heaters
• Fish Purge Systems
• Aeration Systems
• Water Quality Testing
• Others

By Applications :

• Fish
• Herbs
• Fruits
• Vegetables

By End-User :

• Commercial
• Home Production
• Research

Regions :

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

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Key Questions Answered in the Report

• How much is the current worth of the aquaponics market?

Currently aquaponics market is worth more than USD 1.5 Bn.

• At what CAGR is the market expected to grow?

Aquaponics market consumption is expected to grow at a CAGR of around 8.3% during the period 2022-2032.

• What is the demand outlook forecast for the Aquaponics market?

The global Aquaponics market is forecasted to surpass USD 3.3 Bn by the end of 2032.

• Who are the top 5 players operating in the market?

Nelson & Pade Aquaponics, Practical Aquaponics, Aquaponics USA, The Aquaponic Source, Pentair Aquatic Eco-System, Inc. are expected to be the top players driving the market growth.

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

Market players are focusing on new product launches, Aquaponics distribution channels, merger and acquisition strategies to remain a prominent player in the global market.

• Which are the major countries driving demand for Aquaponics?

The U.S., Germany, U.K, are the major countries driving demand for Aquaponics.

• At what rate will the U.S. Aquaponics market grow?

The U.S. aquaponics market is projected to grow at a CAGR of around 19% over the next ten years.

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 Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Micronized salt market size was estimated at USD 2,671.4 Mn in 2022 and expected to reach USD 3,804.8 Mn in 2032, at a CAGR 3.6%.

Micronized salt’s growing appeal in the processed food industry is due to its consistency and purity. Micronized salt, regarded as an ideal taste enhancer, enhances the shelf life of vegetables and meat in addition to processed foods. The widespread usage of micronized salt in end-use applications such milk and dairy products, bakery and confectionery products, and drinks is likely to propel the worldwide micronized salt market to stable growth.

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In a new publication, Future Market Insights (FMI) projects that in terms of value, the global micronized salt market revenue will expand at a CAGR of 3.6% during the forecast period. In terms of revenue, the global micronized salt market accounted for US$ 2,319.0 Mn in 2022 and is anticipated to increase to reach US$ 3,305.8 Mn by 2032. A detailed competition assessment and revenue forecasts for a period of 10 years from 2022 to 2032 are elaborated with respect to each segment and sub-segment of the global micronized salt market.

The micronized salt market is segmented based on grade and application. By grade, the micronized salt market is segmented into purity 98% – 99.5% and purity above 99.5%. Among both of these segments, purity above 99.5% is expected to dominate in the global micronized salt market both in terms of value and volume during the forecast period. By application, the micronized salt market is segmented into bakery & confectionery products, meat, poultry & seafood, milk & dairy products, beverages, canned/preserved fruits & vegetables, prepared meals and others. Among all these segments, bakery & confectionery products is expected to account for the largest value share followed by the meat, poultry & seafood segment by 2028 end.

Micronized Salt Market: Segmental Insights

By region, the market in North America is the largest in terms of volume but the market in China is expected to exhibit high growth opportunities owing to a growing industrial sector and increasing consumption in households. By type, the high purity segment (above 99.5%) is likely to lead the global market with a high market share and value; this segment is also expected to grow at a robust rate over the forecast period. By end use, the bakery and confectionery segment is expected to surpass all the other segments owing to high demand for micronized salt for the preparation of baked goods, breads, snacks and other products. However, the prepared meals segment is projected to grow at a higher growth rate of 4.6% during the forecast period owing to the greater per capita consumption of high quality prepared meals incorporating pure salt.

Factors Influencing Growth in Demand for Micronized Salt

The growth of the global micronized salt market is influenced by a plethora of factors. The magnitude of these factors and their impact changes from one region to another, thereby impacting the growth of the market in the assessed geographies. Various factors contributing to the growth of the global micronized salt market include increasing production of beverage products and processed food, demand for low sodium content salt, an expanding food and beverage sector across the globe, rising production of preserved and processed meat products, and increasing demand for micronized salt from the household sector, among others.

However, the advent of salt substitutes, high costs of micronized salt, and abundance of alternatives such as high purity solar salt are posing challenges to the growth of the global micronized salt market.

Detailed profiles of some of the companies operating in the micronized salt market are included in the scope of the micronized salt market report to evaluate their long-term and short-term strategies, key offerings and recent developments in the micronized salt market. Micronized salt manufacturers include K+S Aktiengesellschaft, Ciech S.A.., Tata Chemicals Ltd., AkzoNobel N.V., INEOS Group Limited, Dominion Salt Limited, AB Hanson & Mohring, Cerebos Ltd, Kensalt Ltd., Cheetham Salt Limited, ACI Limited, WA Salt Group, Cerebos Ltd, Infosa, Nirma Limited, Zoutman NV, BGR International Ltd., China Salt Jintan Co., Ltd., Australian Saltworks and Suedwestdeutsche Salzwerke AG among others.

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Key Questions Answered by the Report

What is the size of the micronized salt market?

The micronized salt market is expected to hit a US$ 3.3 billion value by 2032. The growth rate for the micronized salt market is estimated at 3.6% CAGR between 2022 and 2032.

Which are the largest markets for micronized salt?

North America and Western Europe remain the dominant markets for micronized salts. Expansion of food and beverage processing activities in these regions are major influencers.

Which are the top companies in micronized salt market?

Suedwestdeutsche Salzwerke AG, K+S Aktiengesellschaft, Australian Saltworks, Ciech S.A., China Salt Jintan Co., Ltd., and Tata Chemicals Ltd. are among the leading market players in the global micronized salts market.

What are the uses of micronized salt?

Micronized salts are primarily used as a preservative and flavouring agent in the food and beverage industry, for longer shelf life, supported by high consistency and purity.

In which grades are micronized salt available?

Manufacturers produce micronized salts in two forms – 98 to 99.5% purity and above 99.5% purity. The demand and production of above 99.5% purity micronized salts is greater, aided by applications in processed food and beverage formulations.

What is the outlook of the Asian micronized salt market?

China and India are displaying high growth rates in terms of micronized salt consumption and demand through the forecast period with recent growth in the regional food and beverage industry.

How is the market for micronized salts expected to shape up in the near future?

With increased demand for low-sodium salt options and the rising production of processed and preserved meats, the demand for micronized salt is likely to remain strong. However, availability of alternatives such as high purity solar salt and high costs of micronized salt hurt market potential.

According to latest research, the 3-Iodoaniline market is projected to expand between 3.0% and 5.0% CAGR during the 2020-2025 assessment period.

The growth of the market can be attributed to the increasing demand from the specialty chemicals industry. Increasing demand for these new fine specialty chemicals are going to drive the market for the product.

As this compound acts as a major ingredient in the production of Anilines, Aromatic Amines and Nitro Compounds. The growing demand for improved properties and quality is expected to provide growth opportunities for the 3-Iodoaniline market.

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What is Driving Demand for 3-Iodoaniline Market?

Major factors driving the market are the growing demand from the specialty chemicals industries which is gaining prominence all over the world. Companies are striving to adopt environment-friendly and efficient chemical preparation techniques.

This has boosted the demand for 3-iodoaniline in the market.  The consumption of these specialty chemicals has increased the demand for the compound so as to manufacture aniline aromatic amines and nitro compounds.

High economic growth and increase in population are expected to drive the industrial sector, thereby propelling the demand for 3-iodoaniline in manufacturing of specialty and fine chemicals in the forecasted period.

In the Pharmaceutical sector, this compound is used to manufacture 3-pyridin-4-ylaniline which is a reactant used as an anti-diabetic agents.

It is also used in the manufacturing process of 1-iodo-3-isothiocyanatobenzene which is used for the synthesis of radiopharmaceutical compounds. Growth in demand for specialty chemicals is a major factor estimated to drive the products market in the near future.

Specialty Chemicals Industry Remains A Key Segment For The Consumption of 3-Iodoaniline market.

Increasing demand from the fine chemicals industries is one of the major factors driving the world’s 3-Iodoaniline market. This compound acts as a major ingredient in the formation of many specialty and fine chemicals in the chemicals industry.

It is used in the formation of anilines, aromatic amines and nitro compounds in the industries the growing specialty chemicals industry is anticipated to account for the biggest share of the overall compounds market during the forecast period.

Asia Pacific 3-Iodoaniline Market Outlook

APAC is estimated to be the largest market for 3-Iodoaniline in forecasted period. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC.

According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for the compound in the APAC region.

China and India is expected to boost the demand of this compound during the forecast period. Various specialty chemicals manufacturers from developed regions are shifting their manufacturing units to APAC because of the availability of raw materials, low labor cost, and favorable government policies in emerging markets such as India, Indonesia, and Thailand.

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North America Demand Outlook for 3-Iodoaniline Market Outlook.

North America is also expected to witness significant market growth of this compound on account of rising production in specialty chemicals industries in the region over the forecast period.

However, Demand in this region is supposed to grow at a moderate pace due to the slowdown in production in end use industries. The capacity additions in the region of US and Canada are predicted to enable further growth of the market over the outlook period.

Who are the Key Manufacturers and Suppliers of 3-Iodoaniline?

Some of the leading manufacturers and suppliers include

• Henan Tianfu Chemical Co. Ltd
• Chongqing Chemdad Co.Ltd.
• Capot Chemical Co.Ltd.
• Simagchem Corp.
• Apollo Scientific Ltd.
• TCI Chemicals
• Shaanxi Dideu Medichem Co. Ltd.
• Tangshan Moneide Trading Co.Ltd.
• Career Henan Chemical Co. Ltd.
• and Finetech Industry Limited among others.

Several key market participants are focusing on new & innovative product development to cater the growing demand from the end use sector. Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decrease the carbon emission.

Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.

The 3-Iodoaniline 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

3-Iodoaniline Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth 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 market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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By Application:

• Specialty chemicals
• Pharmaceutical products
• Others

By Region:

• North America
  • U.S.
  • Canada
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Europe
  • Germany
  • Italy
  • France
  • U.K
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe
• South Asia
  • India
  • Asian
  • Australia & New Zealand
• East Asia
  • China
  • Japan
  • South Korea
• Middle East and Africa
  • GCC Countries
  • Turkey
  • S. Africa
  • Northern Africa
  • Rest of MEA

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According to latest research by Future Market Insights, the market is set to witness steady growth during 2021-2031. Demand for Arc Ferrite Magnet will witness a firm recovery in short-term, with optimistic growth outlook in the long-term. Slightly slow demand from application in electro-acoustic products will mean limited opportunities in near future, however, sales of the market in defense sector will provide much needed momentum.

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What is Driving Demand for the Market?

The market demand is driven by its properties that include excellent corrosion resistance, high resistance to demagnetization & their comparatively low prices. The material is also used for many applications owing chiefly to its ability to cover large surface Area.

Furthermore, the increasing spending capacity of the urban masses driven by rising disposable income is expected to propel the uptake of personal electronics such as smartphones, and automotive vehicles, which helps to provide a thrust to the market growth.

Arc ferrite magnet are also used in motors which are made up of SrO and Fe2O3 materials. While comparing to other magnets, arc magnet is harder and brittle. It has excellent resistance to demagnetization and corrosion. Hence, due to this characteristics and more favorable prices, arc magnet has the highest yield in magnet industry and are widely used in various fields.

Recovery in Automotive Demand Likely to Augment Arc Ferrite Magnet Sales

The key drivers of the industry, includes the growing product utilization, rising disposable incomes, sales of passenger and commercial vehicles, launch of advanced automobiles, and growing product utilisation in medical devices. These factors are expected to aid the market growth during the forecast period. Because this magnet is used in vehicles as a rotor or stator in motors such as PM motors, electric motors, linear motors, DC motors and many more, the impending recovery in automotive sector demand is projected to positively impact the market.

There is an increased adoption of ferrite magnet in the automotive industry for braking and locking systems, growing sales of passenger and commercial vehicles, introduction of advanced automobiles in the market, and the role of  ferrite magnet as an essential component in various medical devices are expected to have a positive effect on the expansion of the global market.

US and Canada Arc Ferrite Magnet Market Outlook

North America is one of the leading market for arc ferrite market owing to its strong automotive industry and associated technology development. The market demand is led by automotive as well as electronics applications, with the U.S. being one of the world’s top market for sales of vehicles and consumer electronics.

Additionally, the increasing utilization of these ferrite magnet in electro-acoustic products is anticipated to propel the market demand over the forthcoming years.

U.S. based manufacturers of Arc Ferrite Magnet use powder technology process most often. This material is commonly used in U.S. and other developing regions in DC motors, magnetic separator, magnetic resonance, imaging and automotive sensors.

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APAC Demand Outlook for Arc Ferrite Magnet

The Asia-Pacific region is the largest market for arc ferrite magnet in terms of regional demand distribution. Strong economic development, followed by substantial investment in industries such as automotive, consumer electronics, and environment & energy is driving the demand of permanent magnet market. With economic contraction and saturation in the other markets, demand is shifting to the Asia-Pacific region. Moreover, low cost of production is propelling the growth of permanent magnets in the region.

China currently represents both the largest producer and consumer of arc ferrite magnets. China’s cost effective labour and abundance of raw materials has made it a favourable destination for manufacturers of magnets as well as their end users such as manufacturers of electric transformers, inductors and industrial/electronic goods.

Who are the Key Manufacturers and Suppliers of the Market?

Some of the leading manufacturers and suppliers of Arc Ferrite Magnet include

• Ningbo Yunsheng Co. Ltd.
• Hangzhou Permanent Magnet Group
• JPMF Guangdong Co. Ltd.
• Ninggang Permanent Magnet Materials Co. Ltd.
• Hitachi Metals L
• Magnequench International, LLC
• Others

The manufacturers are strongly embarking on improving quality, and product innovation. Organic as well as inorganic strategies are both utilized to gain market share, with expansion of capacity to meet the market demand. Moreover, international players are extensively partnering with local players to gain dominance in local market.

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

Arc Ferrite Magnet Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth 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 market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Ask Us Your Questions About This Report: https://www.futuremarketinsights.com/ask-question/rep-gb-13209

Key Segments of Arc Ferrite Magnet Market

By Application:

• Electro-Acoustic Products
• Automotive
• Electronics Industry
• Power Play Tools
• Calculating Machines
• Others

By Region:

• North America
  • US
  •  Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • Italy
  • France
  • U.K.
  •  Spain
  •  BENELUX
  •  Russia
  •  Nordics
  • Rest of Europe
• East Asia
  • China
  • Japan
  • South Korea
• South Asia Pacific
  • India
  • ASEAN Countries
  • Oceania
  • Rest of South Asia Pacific
• Middle East and Africa
  • GCC Countries
  • Turkey
  • North Africa
  • South Africa
  • Rest of MEA

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com