Hobs Market Outlook Cover New Business Strategy with Upcoming Opportunity 2028

Hobs Market Outlook: 

The global kitchen appliances market is driven by the innovation of new products owing to technological advancement leading to the entry of new products such as hobs in the market. Hobs are basically modern gas stoves which are inbuilt in our kitchen slabs and helps in saving a lot of space. Kitchen hobs is among the most essential equipment needed for cooking and find its place in most of the modern houses. Innovative features such as the incorporation of flame failure detection technology which automatically shuts off when gas leakage is observed and is one of the major reason for the rise in demand of hobs in the market. The manufacturers of hobs are focused on making it more energy efficient and convenient in use and at the same time improving the overall performance of hobs to provide a better cooking experience to the consumers as a result of which the demand for hobs is anticipated to increase in the market. The growing number of smart homes also play a major role in boosting the demand for hobs in the market. Hobs are so designed that they consume less amount of energy or fuel to the same amount of work that a normal cook-top would take which is a major attraction or the consumers and leads to fuelling the demand for hobs in the market. The increasing purchasing power of the consumers also plays a significant role in shifting consumer preferences from buying conventional cooktops to more advanced cooking equipment such as hobs which again proves to be a growth driver for the hobs market.

Innovation of new products with added safety features such as FFDT technology is driving the Hobs in the market:

The key influencer for growth in the demand for hobs is the innovation of new products that are cost-effective and efficient and the rising consumer spending on household products. The global hobs market is driven by the increased availability and reduced prices of these products, owing to the advancement of new technologies. With advanced features such as variable number of burners or induction tops, zone hobs have become a preferred choice among consumers. Manufacturers of hobs are engaged in research and development to enhance their profit margins and, at the same time, offer efficient products. Growth of the food industry also positively influences the growth of the hobs market.

Hobs Market: Market Participants

The key market participants identified across the value chain of the hobs market are Whirlpool Corporation, AB Electrolux, Miele & Cie. Kg, Panasonic Corporation, Arcelik A.S. (Beko), IFB Industries Limited, Elica S.p.A., Electron International, FABER S.p.A., Bosch-Siemens Hausgeraete GmbH, Sunflame Enterprises Private Limited, Capella Home Appliances and Daewoo Electronics Corporation, among others.

Opportunities for Hobs Market participants:

The global hobs market has been witnessing significant growth, owing to the increasing penetration of these products in developing countries and growth in the rate of acceptance among consumers. The hobs market is also influenced by the emergence of e-commerce and m-commerce as potential trade platforms. The supply-side participants of the hobs market are strategizing on new and effective techniques for the marketing of their products to increase product penetration and influence the buying behaviour of consumers in favour of hobs. The growth in per capita disposable income, coupled with the number of families choosing to live separately in nuclear houses, is also a major reason propelling the growth in the demand for hobs in the market. The hobs market offers promising growth opportunities, which is attracting a large number of players to enter the hobs market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, base material, ignition, burner or induction zone, price range & sales channel.

The study is a source of reliable data on:

  • Hobs Market segments and sub-segments
  • Hobs Market trends and dynamics
  • Supply and demand
  • Hobs Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Hobs Market: Segmentation

On the basis of product type, the hobs market has been segmented as:

  • Gas
  • Induction

On the basis of base material, the hobs market has been segmented as:

  • Glass
  • Stainless Steel

On the basis of ignition, the hobs market has been segmented as:

  • Electric
  • Gas/Liquid Fuel

On the basis of burner/induction zone, the hobs market has been segmented as:

  • Two
  • Three
  • Four
  • Five
  • Six

On the basis of price range, the hobs market has been segmented as:

  • Less than US$ 210
  • US$ 211-US$ 419
  • US$ 420-US$ 629
  • US$ 630-US$ 838

On the basis of sales channel, the hobs market has been segmented as:

  • Hypermarkets
  • Supermarkets
  • Multi Brand Stores
  • Specialty Retail Stores
  • Online Sales
  • Company Website
  • 3rd Party Online Sales

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in Hobs market dynamics
  • Hobs Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Hobs Market shares and strategies of key players
  • Emerging niche segments and regional Hobs markets
  • An objective assessment of the trajectory of the Hobs market
  • Recommendations to companies for strengthening their foothold in the market
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Baby strollers and prams Market Outlook Cover New Business Strategy with Upcoming Opportunity 2028

Global Baby strollers and prams Market Outlook 

The global infant & baby care industry has been surging at a significant rate in terms of value sales which attributable to the rise in concern on safety and hygienic lifestyle intended on their new born babies and the toddlers by their parents. Owing to which various baby care products such as the diapers, baby shampoo, baby wipes, baby strollers and prams have witnessed burgeon demand in the global market. Baby strollers and prams are considered as one of the mandatory baby care product has been witnessing tremendous demand in the global market. Due to the rise in demand for baby strollers and prams, manufacturers have been strategizing on coming up with innovative products which caters to the varying needs of its target customers. Baby Toiletries market offers a wide range of product portfolio such as lightweight strollers, jogging strollers, standard strollers, double/triple strollers and multi-optional system strollers.

Global Baby strollers and prams Market: Reasons for covering this Title

Newborn babies in their initial phase of life, do not have control over their neck which requires gentle handling whenever they lie down or lifted. The baby strollers and prams play an important role in managing babies’ movement no matter they are lying or sitting positions. Adapting to fast-paced, modernized lifestyle and the emergence of nuclear and single parent families has prompted consumers across the globe to actively seek convenient and safe products for their babies and infants. Baby strollers and prams are one such products that facilitates such convenience and catering to the requirements of concerned parents. Moreover, there are government bodies that have taking steps with regards to babies’ safety. Regulatory bodies such as ASTM, CEN, and ACCC have enforced standards & regulations to ensure that baby strollers and prams protect babies from the known safety hazards that have caused accidents in the past. Thus owing to above mentioned factors triggers the overall demand for global baby strollers and prams market.

Global Baby strollers and prams Market: Key Players

Some of the key players operating in the global Baby strollers and prams market are Dorel Industries Inc., Pigeon Corporation, Newell Brands Inc., Summer Infant Inc., Beingmate Group Co. Ltd., Artsana S.p.A., Kolcraft Enterprises Inc., Thule Group AB, Bugaboo International B.V., Phil & Ted Most Excellent Buggy Co. Ltd among others.

Baby strollers and prams Market: Key Trends

Major Baby strollers and prams manufacturers have been making several key acquisitions in the view of expanding its business in the global market.

Baby strollers and prams Market: Key Developments

  • In 2014, Dorel Industries Inc., one of the key players in global baby strollers and prams announced the acquisition of juvenile business of Hong Kong- based Lerado Group specializing in the designing and manufacturing of infant products especially baby strollers and prams.
  • In 2016, Newell Brands Inc. another key player in global baby strollers and prams acquired the business of Jarden Corporation for US$ 16 billion.

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Opportunities for Baby strollers and prams Market Participants

As of 2017, the global infant population accounted to 7.5 billion. With rise in population of infant especially in urban areas of both developed and developing regions indirectly suggest the opportunity for baby strollers and prams to gain traction accordingly. Moreover, contributing about 27% of global population, millennial are becoming the most significant generational cohort in the world, particularly with respect to overall economic prospects and consumer spending growth. Among the millennial consumer base for baby strollers and prams, several are likely to be first-time parents and have never experienced the considerations, dilemmas and cautions while purchasing baby care products.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, age group, sales channel.

The study is a source of reliable data on:

  • Baby strollers and prams market segments and sub-segments
  • Baby strollers and prams market trends and dynamics
  • Supply and demand
  • Baby strollers and prams market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Global Baby strollers and prams: Market Segmentation

On the basis of product types, the global Baby strollers and prams market has been segmented as –

  • Lightweight strollers
  • Mutli-optional system strollers
  • Standard strollers
  • Double/triple strollers
  • Jogging strollers

On the basis of age group, the global Baby strollers and prams market has been segmented as –

  • 0-6 months
  • 6-12 months
  • 12-36 months

On the basis of the sales channel, the global Baby strollers and prams market has been segmented as –

  • Baby Boutiques
  • Specialty Stores
  • Modern Trade
  • Departmental Stores
  • Online retailers
  • Other sales channel

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Baby strollers and prams market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Baby strollers and prams market shares and strategies of key players
  • Emerging niche segments and regional baby strollers and prams market markets
  • An objective assessment of the trajectory of the baby strollers and prams market
  • Recommendations to companies for strengthening their foothold in the baby strollers and prams market

Green Ammonia Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

According to a recent green ammonia market report by Future Market Insights (FMI), the green ammonia market is anticipated to advance at a phenomenal rate of 90% over the forecast period 2022-2032. At the regional level, the green ammonia market share has a small number of manufacturers.

The study on green ammonia market finds that the solar and wind energy have advanced at a higher pace than other renewable energy, thanks to rising investment and reduced power generation costs. The switch to renewables, productivity, and automation, and per the Global Renewables Outlook 2020, will drive socioeconomic development. As a consequence, rising green ammonia production and underlying storage requirements will push the green ammonia market forward.

The capital-intensive nature of green ammonia plants is a major hindrance to the market’s advancement. General ammonia manufacturers will not be able to move from traditional ammonia production to green ammonia production unless the cost of renewable energy and electrolyzers drops further, hampering green ammonia market growth.

The marine industry is undergoing a major transformation. The maritime industry is under pressure to reduce emissions by switching to cleaner energy sources, which is likely to be a pathway for green ammonia producers to capture more revenue.

The green ammonia market is segmented on the basis of technology into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Amongst these green ammonia technology segments, the solid oxide electrolysis segment is anticipated to hold the largest market revenue of USD 496.38 Mn by the end of 2028, up from USD 7.89 Mn in 2019.

The main problem with the adoption of green ammonia is a lack of awareness among chemical manufacturers. For the green ammonia production process, the largest chemical companies in China, Japan, and Russia continue to use natural gas steam methanation technology. With increased knowledge of electrolysis technology and lower costs of renewable energy generation, the market for green ammonia is likely to rise throughout the forecast period.

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KEY TAKEWAYS:

  • By the end of 2028, the European green ammonia market is expected to have the largest market share and generate revenue of US$ 558.03 million, up from US$ 7.49 million in 2019, thanks to an estimated CAGR of 65.37% over the forecast period.
  • The Netherlands is likely to have the largest market revenue of US$ 227.12 million in 2028, while Germany’s market is expected to grow at the fastest rate of 86.35% over the forecast period.
  • In 2028, Asia Pacific is expected to hold the second-largest market share, with revenue potential of US$ 190.69 million.
  • As per the green ammonia market trends during the forecast period, the alkaline water electrolysis segment in the Netherlands is expected to grow at the highest rate of 57.2%.
  • In Europe, the solid oxide electrolysis segment is expected to generate the most revenue in 2028, with US$ 323.67 million, up from US$ 4.51 million in 2019.

Competitive Landscape:

Several globally established green ammonia companies, including Siemens (Germany), NEL Hydrogen (Norway), ThyssenKrupp (Germany), ITM Power (UK), and McPhy Energy (France), lead the green ammonia market.

  • MAN Energy Solutions, a mechanical engineering firm, announced plans to build an ammonia-fueled two-stroke engine for the marine industry in late 2019, and is in talks with Siemens for green ammonia supply.
  • Equinor ASA, Norway’s state-owned oil firm, inked a deal with Eidesvik Offshore in January 2020 to modify its Viking Energy supply vessel so that it may travel long distances using carbon-free renewable ammonia.

MISC Berhad of Malaysia, Samsung Heavy Industries of South Korea, Lloyd’s Register of the United Kingdom, and MAN Energy Solutions of Germany announced a project to build an ammonia-fueled tanker in the next three to four years in January 2020.

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Scented Candles Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

According to a recent report by Future Market Insights (FMI), the global scented candles market is expected to surpass a valuation of US$ 3.6 Bn in 2022, with sale growing at a 4.1% CAGR through 2032.

To improve sales, manufacturers are introducing limited edition fragrances and seasonal scents. For instance, DIPTYQUE is offering a set of 5 limited edition scented candles. These candles are further being marketed as gifting solutions.

Besides average size candles, players are offering miniature limited-edition candles, which are being adopted at ideal gifting solutions. Some scents that are being promoted as limited editions include berries, roses, pine tree, jasmine, musk, fig tree, wood fire, and mimosa.

Besides this, with evolving consumer preferences, personalization is gaining a center stage in the market. In response to this, companies are enabling consumers to customize and personalize their candles by letting them choose the scenets and allowing them to add messages and notes. Such developments are expected to create opportunities for growth in the market.

Besides scents, companies are focusing on enhancing their packaging designs as the visual appeal of the product plays a major role in shaping consumer preferences. Leather bag inspired box, print box packaging, and eco-friendly sustainable packaging are some packaging options offered by the manufacturers.

2018-2021 Scented Candles Historic Outlook in Comparison to 2022-2032 Forecast

Demand for scented candles is forecast to surge at s steady 4.1% CAGR, in comparison with the 3.9% CAGR registered between 2017 and 2021.

Scented candles are being used by individuals for festivities and recreational purposes.  Growing focus on home décor among millennials is compelling them to explore home fragrance product options.

Besides this, the increasing acceptance of scented candles as gifting solutions is spurring demand in the market. Driven by this, manufacturers are launching gifting bundles that include scented candles in different shapes and fragrances. This trend is expected to bode well for the market in the forthcoming years.

To keep up with the growing demand, players are focusing on incorporating the best ingredients and distinctive true-to-life scents that are made with premium-grade paraffin wax and soy wax blends.

The players are also undertaking efforts to provide consumers with their preference of fragrance, functionality, burn time that better fits their space and requirements. Such developments are expected to continue driving sales of sceneted candles over the forecast period, opines FMI.

scented candles market

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Key Takeaways:

  • In terms of product type, container-based candles are expected to dominate the market.
  • Based on the shape, sales of round scented candles will grow at a 3.4% CAGR.
  • Demand for multi wick candles will increase at a 5.2% CAGR through 2032.
  • Sales through online channels are projected to grow at a healthy 6.9% CAGR over the assessment period.
  • The U.S. will continue dominating the North America scented candles market, driven by high demand for limited edition candles.
  • Sales in the U.K. scented candles market will increase at a 3% CAGR over the forecast period.
  • India will emerge as a lucrative market, with sales projected to increase at a 2.9% CAGR over the assessment period.

Competition Landscape

Leading players operating in the global scented candles market are investing in promotional strategies, advertisements, and new product launches with limited edition scents to gain a competetitve edge in the market.

Key players operating in the market profiled by FMI include Newell Brands, MVP Group International, Estee Lauder Companies, NEST New York, Thymes, LLC.,L Brands, Portmeiron Group Plc., The Yankee Candle Co. Inc., The White Barn Candle Co.,Village Candles, Bridgewater Candles.,etc.

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Digestion Resistant Maltodextrin Market 2021 is Estimated Drive the Industry Growth Across World in Coming Year 2031

According to the recent FMI report, the sales for digestion resistant maltodextrin is expected to surpass a value of US$ 844.2 Million in 2031, rising at a CAGR of around 6.9% through the end of 2031.

The consumer preference for healthy and ethically produced plant products has increased. It is expected that the demand for plant-based products might increase. The use of plant-based products reduces the risk of diseases that are transmitted through meat products. This leads to an increase in the demand for Digestion resistant maltodextrin, because plant-based Digestion resistant maltodextrin extracts are safe to use, and can be incorporated into various supplements, personal care products, food products, pharmaceutical products, etc.

People’s increasing concerns and involvement in ethics, wellness, and sustainable development has resulted in an increase in vegetarian lifestyles, plant-based diet, and vegan products. That represents the current growing demand for vegan food products and will continue to expand in the forecast years as well.

Plant-derived products and ingredients, such as plant protein, plant-derived fibers, non-alcoholic drinks, herbs, sweeteners, seasoning, and coloring foodstuffs, are in high demand on the platforms. This vegan food trend pushes the development of plant-derived digestion resistance maltodextrin ingredient to new heights.

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Key Takeaways from the Digestion Resistant Maltodextrin Market Study:

  • The U.S. is estimated to account for more than 74.4% of the North American market in 2021, supported by increased healthcare spending.
  • According to FMI analysis, China is estimated to account for nearly 46.7% of the East Asia market share in 2021, supported by growing popularity of specialty carbohydrates.
  • Germany is dominating the Europe digestion resistant maltodextrin market with a market share of 19.5% in 2021, supported by increased demand from breakfast cereals manufacturers.
  • Digestion resistant maltodextrin application in food industry is estimated to hold nearly 51.0% of the market in 2021 on the back of increased demand from dairy products and instant puddings manufacturers.

 “The rising demand for healthy breakfast from consumers across the globe resulted in manufacturers to adopt digestion resistant maltodextrin as an ingredients in various breakfast products propelling the growth of global market.” said a lead analyst at FMI.

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Increased Use of Digestion Resistant Maltodextrin in Cheese Powder

Cheese is becoming increasingly popular as a food ingredient, particularly as a flavouring agent in a wide range of food products. Furthermore, the use of natural and organic cheese for cheese powder is not recommended due to its high fat content. Whey-added and digestion resistant maltodextrin-added cheese powder can considerably enhance the appearance of cheese powder, making the end product look more enticing.

Increased Demand for Digestion Resistant Maltodextrin from Food Processing Industry

Health conscious consumers are more inclined towards consumption of low-calorie food. Maltodextrin reduces the overall carbohydrate levels of the final product in comparison to other starch-based sweeteners and thus, such products are preferred by these consumers.

Digestion resistant maltodextrin also acts as a bulking and carrier agent that provides desirable texture and viscosity to a range of food products such as soups, sauces, and beverages. Its neutral taste makes it perfect for usage in virtually any kind of food & beverage application without affecting the flavor of the final product. Thus, digestion resistant maltodextrin is anticipated to witness a high demand from this industry.

Who is winning?

The top companies of digestion resistant maltodextrin has focusing on developing innovative products to cater the emerging demand from consumers. The manufacturers are also focusing on strengthening their distribution channel for smooth and convenient distribution of products.

Some of the leading companies offering digestion resistant maltodextrin are Roquette Frères S.A., Ingredion Incorporated, Tate & Lyle, Grain Processing Corp., WGC Co. Ltd., Kraft Heinz Company, Cargill Inc., ADM Company, Baolingbao Biology Co. Ltd., Tereos Syral S.A.S., Changchun Dacheng Industrial Group, Henan Feitian Agricultural Development Co., Ltd, Gulshan Polyols Ltd., Luzhou, Matsutani Chemical Industry Co., Ltd and Others.

Get Valuable Insights into Digestion Resistant Maltodextrin Market 

FMI, in its new offering, provides an unbiased analysis of the digestion resistant maltodextrin presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the demand for digestion resistant maltodextrin based on source (corn-based, wheat-based, potato-based, cassava-based, others (rice, banana)), based on form (spray-dried powder and instantized/agglomerated), based on application (beverages, food and nutraceuticals) across seven major regions.

Natural Antioxidants Market Expectations & Growth Trends Highlighted Until 2032

Based on the new study by FMI, sales of natural antioxidants are estimated to go beyond US$ 1.7 Bn in 2022. Recent studies have revealed that today’s consumers are investing more in their health expenditure to prevent or slow down the lifestyle diseases. Further, aging is a very complex biological process and characterized by progressive, time-dependent deterioration of physiological function followed by dysfunction leading to death. Skin aging is one of the prime concern among the population which drives the population to consume products which can slow down the process of aging.

Natural antioxidants have gained significant recognition among the consumers, manufacturers and the aesthetic practitioners, which led to a boom in the application of natural antioxidants in the food and cosmetic industry. Although the human skin contains a variety of antioxidants, increasing pollution and harsh environmental conditions misbalances ROS and antioxidants ratio of the skin, leading to oxidative stress of cells followed by apoptosis. Natural antioxidants protect the cell from oxidative damage and delay the process of aging.

Key Takeaways from the natural antioxidants Market Study

  • Consumption of natural antioxidants by the food & beverage industry, especially in meat, fish, poultry sectors, is likely to account for relatively high sales.
  • Prevention of off-flavors and color change are key concerns among the meat product manufacturers, thereby potentially raising the demand for natural antioxidants.
  • Preventive effects of natural antioxidants in the development of rancidity and off-flavors along with lipid oxidation and color stability have been demonstrated in numerous studies.
  • The unique property of natural antioxidants to retard the product deterioration, changes in color and flavor has stimulated a wide interest among food manufacturers to incorporate such ingredients in their end products.

“A better understanding of health benefits of natural ingredients among today’s consumers and their widening application in various food and beverages are anticipated to fuel the demand for natural antioxidants in the near future. Further manufacturers continue to leverage the experience and maturity to crack the code on the right portfolio balance between health and indulgence,” says the FMI analyst.

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Ability of Natural Antioxidants to Enhance Shelf Life of Products – Key Influencer

Increasing the shelf-life is possible by improving the recipe and with advanced packaging techniques under modified atmospheric application of interrupted bread-making or intelligent packages. Shelf life is one of the major concerns among the bakery manufacturers as bakery products contain the subsequent amount of moisture, lipid, protein, carbohydrates, and others. These biological compounds are prone to auto-oxidation and generation of free radicals leading to spoilage and rancidity. Owing to unique mechanism in preventing ROS generation, natural antioxidants such as tocopherols and derived compounds have become an indispensable group of food additives to enhance the shelf life of bakery products. Further, natural antioxidants scavenge free radicals without altering the overall taste and texture of the food products. Burgeoning demand for bakery products is putting a positive impact on the growth of the natural antioxidants market over the years and the trend is likely to continue in the coming years.

Find More Valuable Insights on Natural Antioxidants Market

Future Market Insights, in its new offering, brings to fore an unbiased analysis of the global natural antioxidants market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study provides compelling insights on the natural antioxidants market on the basis of product (carotenoid, polyphenols and vitamins), nature (organic and conventional), source (fruits and vegetables, herbs and spices and microalgae and seaweeds), end use (food and beverages, cosmetics, nutraceuticals, pharmaceuticals and feed industry) across five major regions.

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About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million-plus data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Vegan Pasta Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2032

The vegan pasta market is on a pace to grow ~9% annually through 2032, propelled in bulk by the global rise in vegan and plant-based eating with astounding stats. Affluent millennial in particular has been the central driver of the worldwide shift away from consuming animal-based products – giving a boost to the demand for vegan pasta in the fast growing global F&B industry.

In 2019, worldwide sales of vegan pasta, contributed by both conventional and organic variants, are estimated to reach a value of ~US$ 136 Mn. Demand for conventional vegan pasta continues to ride on wider availability, and its relatively low cost has made it the product of choice among consumers.

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Key Takeaways from the Vegan Pasta Market Study

  • The steady demand for conventional vegan pasta is likely to suffer with upsurge in the popularity of organic food products.
  • Organic vegan pasta will fare much better in line with increased emphasis on good health and growing incidences of food adulteration.
  • Wheat has long remained the preferred source or primary ingredient for traditional pasta, and continues to capture substantial share in the new vegan pasta space.
  • Certain limitations or adverse effects of wheat including gluten intolerance are likely to compelled manufacturers to explore other sources to offer gluten-free options.
  • FMI reports that demand for legumes and fava beans as a source of vegan pasta will increase with striking CAGR of ~12% and ~14% respectively through 2032.
  • As compared to developing regions, the sales of vegan pasta are envisaged to be higher in the countries of North America and Europe.

“As the growth of vegan culture and vegetarianism is expected to be quite strong going forward, vegan pasta will go mainstream with manufacturers centering on extended portfolio and branding their products with nutritional and environmental benefits,” says the FMI analyst.

Product Innovation Focused on Healthier and Sustainable Diets

The vegan pasta market is still at its infancy, with plenty of room for improvement. A variety of vegan pasta is likely to hit the shelves in the near future, as manufacturer prioritize ‘organic’ and ‘gluten-free’ aspects to ensure higher product quality and nutritional benefits.

  • Traditional pasta companies as well as many startups are set to capitalize on the steadily expanding market.
  • Barilla stays ahead in the game with the launch of one-ingredient legume pasta, made with just chickpeas and red lentils, in September 2021.

Veganism as a concept is practically unknown in remote areas and certain cities in developing countries, signifying a relatively low growth prospects of vegan pasta market in regions such as South Asia and Middle East & Africa. The scenario may change in the next ten years on the account of macro factors including internet penetration, which has been fueling the unification of media and food culture.

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Find More Valuable Insights on Vegan Pasta Market

Future Market Insights, in its new offering, brings to fore an unbiased analysis of the global vegan pasta market, presenting historical demand data (2017-2021) and forecast statistics for the period, 2022-2032.

The study divulges compelling insights on the vegan pasta market on the basis of category (fresh and dried), nature (organic and conventional), source (wheat, rice, legumes, buckwheat, oats, and others), product (penne, spaghetti, elbows, fettuccine & linguine, and filled pasta), packaging (boxes, trays, packets, and pouches), and distribution channel (direct and indirect) across seven major regions.

Silk Protein Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2032

According to a new study by Future Market Insights, the sale of silk protein is expected to reach ~ US$ 0.6 Bn in 2022. The rise in the demand for silk protein is due to various factors such as growing inclination towards personal grooming and increasing usage of natural ingredients in skincare products. Silk protein, due to the immense skin benefits, continues to find increasing application in skincare industry, while manufacturers are focusing on identifying and leveraging white spaces in its application, especially in eye care and toiletries.

Silk protein is a natural product made by silkworm. It consists of two proteins- fibroin and sericin; the sticky nature of sericin makes it easier to be used in numerous applications. According to FMI’s analysis, the emergence of green and clean beauty trends among today’s consumers have brought significant changes in the cosmetics and personal care industry, including a notable rise in the use of natural ingredients. The result is likely to lead to surge in the demand for silk protein.

The silk protein market is mainly segmented on the basis of form, product and applications:

Form: The powder form of silk protein continues to garner relatively high traction as compared to its oil, on the account of convenience and ease of storage and transportation. However, in recent years, the silk protein oil has been finding numerous application in haircare and skincare products, which may help exceed the sales of its powdered counterparts in the years ahead.

Product: Silk protein consists of – sericin and fibroin. Although fibroin continue to account for higher sales, manufacturers are focusing on increasing the production of sericin for its sticky nature and numerous beneficial effects, which will help them capitalize on ever-rising demand for natural ingredients in cosmetics & personal care products.

Application: Silk protein finds increasing application in skincare, haircare, eye care, toiletry, lip care, color cosmetics, and pharma & nutraceutical products. The consumption of silk protein by the pharma & nutraceutical industry is expected to grow with a CAGR of ~9% during the forecasted period. The demand for natural products in the nutraceutical industry is growing tremendously, owing to its reduced side-effects, thereby potentially raising the demand for silk protein.

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Bioengineered Silk Proteins to Control Cell and Tissue Function

The fibrous part of silk protein is used as a biomedical material, over which cell and tissue formation are been done. The cells which are not able to proliferate on their own, are proliferated in labs with the use of fibrous proteins, where cell adhesion, proliferation, and differentiation can be performed. Silk protein also supports the regeneration of tissues. This application of silk protein is very niche and is still in its R&D phase, but is showing positive signs. These above mentioned factors support the use of silk proteins in the healthcare sector, and can be included to treat patients suffering from cell division problems.

Application of Silk Protein in Hair Care Industry to Propel the Market Growth

The most trending fashion in today’s era is permanent smoothening or straightening of hair, and is made possible with the help of sericin a protein present in the silk. It helps to change the inherited pattern of hair to smoothen and straighten. Silk protein is used as an ingredient in shampoo and conditioner to provide silky, smooth hair. It is also associated with increasing the volume of hair and preventing its breakage. Realizing the benefits, a number of haircare product manufacturers are adding silk proteins in their products to ensure smooth and damage-free hair for the consumers. Further, the U.V. protectant property of sericin helps protect hair against the damage from U.V. rays and its antibacterial and antimicrobial properties help the scalp to remain free from dandruff.

This study by FMI offers insights into the silk protein market for the forecast period of 2022-2029. The silk protein market is projected to record a CAGR of ~ 6% over the predefined timeframe. The silk protein market sales will increase owing to its wide applications in skin and hair care industry.

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About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Coconut Milk Products Market 2021 is Estimated Drive the Industry Growth Across World in Coming Year 2031

Recent evidences showcasing health benefits of coconut milk products, coupled with consumer preference for a vegetarian diet are driving coconut milk products sales, finds Future Market Insights (FMI) in a study. According to the report, the coconut milk products market will reach a valuation of US$ 285.6 Mn by 2021. The demand in the market will continue rising as an increasing number of consumers showcase inclination for plant-based food and beverages.

Other factors such as rapid urbanization, rising number of health-conscious consumers, increasing disposable income of consumers, and their changing lifestyles especially in developing countries are expected to be a major driver for the growth of the food processing industry. Coconut milk products help in the formation of hemoglobin as they contain iron and also help in improving the health of patients suffering from anemia. Coconut milk products also strengthen immune system against various microorganisms because they have various anti-bacterial and anti-viral properties. Increasing awareness about various health benefits of coconut milk products and consumer preference for a vegetarian diet, will drive the market.

The hectic lifestyle of people has increased the demand for ready to eat foods and processed food products. Increasing use of coconut milk powder for enhancing the functional and nutritional value, shelf life, and quality of the product will create growth opportunities in the market. According to the report, coconut milk powder accounts for over 80% of sales in the market.

Coconut milk products are used in the preparation of nutritional foods and also used as a dietary supplement because of their high nutritional content. Increasing application in the food and beverages sector will continue driving sales.

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Key Takeaways from the Coconut Milk Products Market Study

  • Increasing focus on health and wellness will push coconut milk product sales at 7.6% between 2021 and 2031
  • As a result of rising cases of obesity and diabetes, the U.S. is exhibiting high demand for plant-based food and beverages. It will account for over 88% of coconut milk products sold in North America in 2021
  • Expansion of the food sector, especially growth in confectionaries and bakeries will drive sales in the U.K. at above 7% in 2021
  • Indonesia and India will emerge as key markets for coconut milk products in South Asia. Increasing coconut production will seal Indonesia’s dominance
  • China will account for maximum coconut milk product sales in East Asia. Increasing demand for plant-based food items will drive sales in the country

“The increasing demand for food with high nutritional value and longer shelf life has been a key factor pushing application of coconut milk products in the food processing industry. With focus on health expected to rise, the market for coconut milk products will exhibit impressive growth in the coming years,” said a lead analyst at FMI

Vegan Food Popularity a Blessing for Coconut Milk Products Market

Vegan food is gaining popularity among consumers as a result of environmentally sustainable plant cultivation. Despite the fact that vegan food is an expensive commodity, consumers are willing to pay more for it because they want to follow safe and healthy eating habits and care about the environment. Vegan food products are becoming more common in developed and developing countries as consumers have become more aware of food safety and quality. This will have a positive impact on coconut milk products market, driving sales as a sought-after dairy alternative.

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Who is winning?

Some of the leading companies involved in coconut milk products are Thai Coconut Public Company Limited, Nestle S.A., The Sambu Group, Pacific Foods of Oregon, Celebs Coconut Corporation, Grace Kennedy Limited, Asiatic Agro-Industry, Monty and Totco Corporation Limited, McCormick & Company Incorporation, Primex Coco Products Incorporation and others.

Product launches remain a chief strategy among market players. For instance, Nestlé S.A launched Nespray Coco-Up in Sri Lanka in 2018.

Get Valuable Insights into Coconut Milk Products Market

Future Market Insights, in its new offering, provides an unbiased analysis of the coconut milk product market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the coconut milk products market based on By Product Type (Coconut Milk Powder and Coconut Cream Powder), By Nature (Organic and Conventional), By End-Use (Food and Beverage Processing, Personal Care and Cosmetics, Functional Foods and Dietary Supplements, Foodservice/HoReCa and Household), by distribution channel (Direct Sales/B2B, Indirect Sales- Hypermarkets/Supermarkets, Convenience stores, Mass Grocery Retailers, Specialty Stores and Online Retailing) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, MEA and Oceania).

Summary

The leading companies are providing their products to the industrial segment and consumer segment across the globe. The aim of the key market players is to serve a variety of consumer sectors in both domestic and foreign markets. To increase revenue, it also focuses on expanding its sales and distribution channels. The company caters its products to the preferences of its customers in terms of high nutritional and low-fat content, which is expected to increase its customer base. The company is concentrating on extending its global reach by introducing goods in previously untapped markets.

Food Testing Market Gather Traction with Changing Government Regulations; ‘Clean Label’ Trend Promises New Opportunities

The surge in the demand for food testing is underpinned by a slew of factors, including the changing regulatory scenarios and consumers’ demand worldwide, along with continuous research and development for the launch of new and cost-effective tests.

Newly released data from Food Testing Services Market analysis by Future Market Insights shows that the global Food Testing Services Market size is estimated at USD 20 Billion. It is expected to grow at a CAGR of 8.5% for the forecasted year 2022-2032. It is also estimated that the market size will reach USD 30 Billion by 2032.

“Food testing market is likely to record a high growth rate, owing to consumer demand for safe and sound food products. With the climate change creating adverse effects on the food and food supply chain, requirement of food testing is becoming crucial, especially in developing economies,” says FMI report.

According to the report, the use of food testing for various purposes in the food and beverage industry is highly advanced in the developed nations such as, U.S., Canada, Germany, France, U.K., etc. However, rapid growth in food manufacturing industry in developing countries such as India, China, Brazil, and Vietnam is likely to serve as the primary growth factor for the global food testing market.

Food testing market is expected to witness rapid growth, on the account increased incidence of infection from food products, especially meat products. Pathogens such as bacteria, virus, and fungi are the main cause of such infection.

Opportunities Abound in Developing Countries

India and China, countries with the high GDP growth rate, home almost 38% of the world population, acting as the biggest markets for food testing in the future. These countries along with Brazil and Vietnam are the fastest growing economies in the world. Driven by the high rate of industrialization and urbanization, food manufacturing industry in these countries is developing at a high speed, creating surge in the export activities. U.S. and European countries are the countries with the maximum share in the food and beverage import globally. The rules and regulations set by the governments of the U.S. and the European Union are likely to reflect on the regulation scenario of the exporting countries and contribute to the growth of the food testing market.

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Gains Upheld by Rising Population and Growing Awareness of Food Safety

According to the UN data, global population is increasing at a rate of 1.07%, adding on an average 82 million people per year. By the year 2030, the global population is projected to reach 8.5 Bn, up from 7.6 Bn in 2018. This increasing population is resulting in the substantial growth in the food and beverage industry and food testing market, globally. With the global economic advancement, increase in smart cities and the use of social media platform has been observed, in the recent past. The increase in the use of social media is creating awareness amongst the consumers, and consequently demand for safe, authentic and tested food products is rising. Such trend has compelled food manufacturers to get their food tested in order to market them as a safe for human consumption – a key factor for the growth of the food testing market. Further, growing demand for food testing, especially for meat and poultry products will continue to influence growth strategies of the market players.