Market Research Blog – Page 14919 – New Product Development

Lecithin & Phospholipids Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Soy and egg yolk are considered to be the most common sources of lecithin. Major soybean-producing countries such as the United States, India, Brazil, and others have plenty of raw materials for lecithin producers.

Varied end user industries are displaying increased demand for naturally-derived lecithin. Manufacturers are focused on broadening their product portfolio, and increasing their R&D spending to introduce new products. According to FMI’s analysis, the global Lecithin Market reached a size of over US$ 1.1 billion in 2021. The market is further projected to expand at a CAGR of 6.7% over the forecast period of 2021-2031.

The consumer understanding of healthier lifestyles, and the demand for convenience foods, functional foods, and beverages is driving the lecithin market. The industry is also expected to benefit from the increasing demand for organic food products. With customers looking for food choices that promote weight loss and resolve calorie concerns, the lecithin market in developing countries is expected to grow significantly.

With emulsifier applications, lecithin prevents different interactions between fats and oils and other ingredients. Lecithin finds roles in boosting cardiac health, lowering cholesterol, and improving brain function pathways, among others. Further, choline derived from lecithin can help people with Alzheimer’s disease enhance their cognitive function.

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Egg lecithin is widely used in the pharmaceutical and cosmetic industries. It is considered safe for use by the FDA. As a result, the widespread use of lecithin in the pharmaceutical industry would also fuel global demand for lecithin.

Lecithin has also proven to display a number of skincare benefits, including colour and texture of the skin. High levels of antioxidants and natural moisturiser characteristics drive incorporation in a variety of cosmetic products.

Key Takeaways from Lecithin Market Study

Soy-based lecithin will account for major market share owing to an abundance availability of soy as raw material
Food processing applications will reflect strong growth owing to scope of multiple processes in the sector
Lecithin demand to surge in America, enabling the U.S. account for over 75% of sales in 2021
The U.K. emerges as key lecithin market in Europe, exhibiting 3.7% y-o-y growth in 2021
Increasing focus on natural ingredients, especially in food, cosmetics, and pharmaceutical industries will fuel demand in Germany and France
China will emerge as a lucrative market in East Asia owing to high soy production and consumption

“Several manufacturers are responding to the growing demand for lecithin by developing new, high-quality products for a wider consumer demographic. Major players invest heavily in research and development efforts, resulting in the influx of new offerings in recent years, all of which have increased sales,” – said a lead analyst at FMI

Application of Lecithin in Pharmaceuticals Opens Niche Opportunities

The growing use of lecithin in pharmaceutical companies has created a huge market for associated products. The pharmaceutical industry is seeing a rise in the use of phospholipid, which is a key component of fractionated and highly purified lecithin.

It is valued for its use as a scientific excipient in the manufacture of pharmaceuticals. The natural phospholipid is favoured over synthetic alternatives owing to ease of use, low cost, and regulatory acceptance. Because of the nutritional benefits associated with lecithin, it is used in protein supplements and infant formulas.

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Who is winning?

Some of the key players operating in the Lecithin market are, Lecio Gmbh, Archer Daniels Midland Company, VAV Life science Pvt. Ltd., Sonic Biochem, American Chemie Inc., Americal Lecithin Company, Fishmer Lecithin, Lasenor Emul, Sodrugestvo Group, Kewpie Corporation and other players.

Strengthening partnerships in high growth regions and product innovation to meet evolving consumer demand for natural and plant-based ingredients in food products are factors boosting demand in the lecithin market.

Leading players in the lecithin market are focused largely on widening their product portfolios in addition to seeking strategic partnerships for regional production and distribution objectives by market leaders.

Get Valuable Insights into Lecithin Market

Future Market Insights, in its new report, presents an unbiased analysis of the Lecithin, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on the Lecithin Market based on product type, has been classified into Fluid, De-oiled, Modified. Based on the source, the Lecithin market is segmented into Soy, Sunflower, Rapeseed, Egg and Others. In terms, the application has been classified Food, Pharmaceuticals, Cosmetics, Animal Feed, Nutraceuticals and Others. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

Almond Ingredients Market Size 2022 By Key Players, Competition Tracking, Applications & Forecast 2032

The global almond ingredients market size is expected to reach US$ 33.43 Bn by the end of 2032. A recent study by Future Market Insights (FMI) forecasts that the market will exhibit impressive growth at a CAGR of 10.3% between 2022 and 2032. According to the report, the rising demand for healthy and nutrition rich products is boosting the almond ingredients market. The report offers an exhaustive market overview, providing insights into prevailing trends and future scenario. It also contains various data and graphs to support information compiled within.

It includes in-depth insights into the Almond Ingredients market. Some of these are:

The estimated value of the market was at US$ 12.6 Bn in 2022. Through the course of the report’s forecast period, the market is likely to rise at a remarkable pace of growth
Regionally, North America holds dominant share in the market.
Europe and Asia are expected to emerge as attractive markets for almond ingredients.
Due to coronavirus outbreak consumers are more inclined towards healthy food and turning into health-conscious diets. This will surge the demand in the almond ingredients market during the forecast period.
Key players are likely to focus on product innovations and business collaborations to stay relevant in developed markets.

“Rising demand for nutritious food and almond based snacks in Europe, besides reduction in price of almonds in the U.S. will aid the overall expansion of the almond ingredients market amidst the prevailing scenario,” said a lead analyst at FMI.

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Increased Consumer Inclination towards Healthy Food and Snacks to sustain during the Extended Period of Lockdown will Fuel Demand

Consumers are now focusing on nutrition rich products to stay healthy and fit. Almond ingredients are often found in dietary supplements since they are rich in antioxidants and are naturally conserving additive. This is a key factor fuelling the demand for almond ingredients. The rising demand for natural and low-sugar ingredients is also driving the almond ingredients market. Almonds are rich in minerals, proteins and fibres and are associated with many health benefits such as controlling blood pressure and sugar level in human body. Because of these health benefits, they are often included in snacks and comfort food items. Therefore, the surging sales of snacks and comfort food as consumers stockpile on essential commodities to sustain themselves during lockdown periods amidst COVID-19 outbreak will benefit the market.

Who is winning?

Some of the leading players operating in the Almond Ingredients market Archer Daniels Midland Company, Olam International Limited, John B. Sanfilippo & Son, Barry Callebaut Group, Blue Diamond Growers, Borges Agricultural & Industrial Nuts, The Wonderful Company, Döhler GmbH, Royal Nut Company, Kanegrade Limited and others. In order to capture a larger market share, key market players are adopting various initiatives and adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing.

In October 2018, Döhler GmbH acquired Nutrafood. The aim behind the acquisition was to expand the product portfolio as well as to increase the production capacity of nut segment.
In 2019, Olam International Limited acquired Hughson Nut Inc. for expanding their business footprints in East Asia and Europe as well as to increase the production capacity of almond ingredients to fulfill the consumers rising requirements.

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Get Valuable Insights into Almond Ingredients Market

By Type :

Whole Almonds
Almond Pieces
Almond Flour
Almond Milk
Other types
Sablages
Almond oil
Crocants
Flavor extracts

By Application :

Snacks
Bars
Bakery
Confectionery
Milk substitutes & ice creams
Nut & Seed butter
RTE Cereals
Salads
Sauces
Artisan foods
Food services
Other processed foods
Cosmetic applications

By Region :

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

Taste Modulators Market Expectations & Growth Trends Highlighted Until 2032

The global taste modulators market size is expected to reach US$ 1.9 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.1% CAGR between 2022 and 2032.

According to the report, rising demand for low-calorie foodstuffs from health-conscious customers while maintaining the original taste provides a lucrative opportunity for this industry. Flavor modulation components are commonly used for improving sweetness, reducing salt, blocking bitterness and increasing mouth feeling. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the taste modulators market. Some of these are:

The estimated value of the market was at US$ 1.2 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Geographically, the global taste modulators market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, North America is the largest region of the taste modulators.
It is estimated to be a rapidly growing market for taste modulators owing to the increase in some people suffering from obesity and diabetes in the region. Growth in awareness about these health conditions has resulted in a shift toward healthier alternatives for sugar. This is likely to drive the market for taste modulators in this region.
The Asia-Pacific offer lucrative opportunities to the taste modulators market in the upcoming years. Due to the increase in meat consumption, population growth, and a rise in awareness about healthy & nutritional food products.

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“Rising consumption of low-calorie, low-fat foods and the increasing prevalence of diabetes and obesity have resulted in increased demand for taste modulators. Product innovation carried out by leading companies to cater to the changing consumer preference will enable growth in the market,” said a lead analyst at FMI.

Change in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

Asia Pacific is expected to hold the largest share in the forecast period due to increased consumer demand for healthier products and increased consumption of low-fat & low-calorie quality foods. In addition, the rise in the number of people with diabetes in the Asia Pacific region would drive the highest growth over the projected period. APAC is experiencing a strong demand for taste modulators due to increased consumption of meat, population growth and increasing awareness of nutritious and balanced foods.

Rising population along with growing economic standards has led to increase in food service spending. Coronavirus outbreak had a considerable impact on consumption pattern of buyers. This will invariably impact growth forecasts for the market. Strong visibility of corona control cases, dropping incremental accidents and rising disease spread. Although government and central bank interventions will serve as palliatives, currently scared stock markets may want to evaluate the potential harm to economic activity and demand, and that will only become apparent until there has been a meaningful improvement in the corona situation.

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Who is winning?

The major players operating in the global taste modulators market are Kerry Group plc., Koninklijke DSM N.V., Ingredion Incorporated, Symrise AG, Sensient Technologies, Givaudan SA, Firmenich S.A., International Flavors and Fragrances, The Flavor Factory, Carmi Flavor and Fragrance Co. Inc., Flavorchem Corporation, and Senomyx, Inc. among many others.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations. Company are investing in research and development to launch unique and innovative products of taste modulators.

In 2015, Kerry Group acquired Red Arrow Products, Island Oasis and Biothera Inc.’s for US$ 735 Mn. The aim behind the acquisition was to expand the product portfolio in taste and nutrition segment.
In 2017, Sensient Technologies launched taste modulation and protein masking solutions. By using this solutions, manufacturers of ports drinks, diet shakes or snack bars can enhance the taste of their products by removing off notes as well as improving the unpleasant taste that few proteins display.

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Product Type

Sweet Modulators
Salt Modulators
Fat Modulators

Application

Dairy Products
Bakery Products
Confectionery Products
Meat Products
Snacks
Savory
Alcoholic Beverages
Non-Alcoholic Beverages

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

Pet Food Processing Market Size Forecast to Reach US$ 8.4 Bn by 2032|FMI

The pet food processing market is anticipated to rise at a CAGR of ~5.1% between 2022 and 2032, Future Market Insights foresees stable growth for the market. Increasing demand for food enhancers from pet food processing industry mealtime is the happiest time for pets, and each pet owner tries to give their pet a nutritious dinner containing great flavour.

pet food processing market size is estimated to be valued at USD 5.0 Billion in 2022 and projected to reach USD 8.4 Billion by 2032, which record a CAGR of 5.3% during the forecast period from 2022–2032.

Key variables urging owners to raise pets are social solace, security, organization, and the tasteful sense offered by pets. An increasing number of pet owners has led to a subsequent rise in interest regarding pet nourishment. The aforementioned reasons are the significant reason fuelling the market demand for pet food processing market.

Key Takeaways from the Pet food processing Market Study

Advent of newer technologies and increasing attention to clean label product development will enable growth in pet food processing market. In addition to this, leading manufacturers are now focusing on strengthening their distribution and supply base in order to ensure that products are easily available to their target customers. This is expected to bode well for the market in the coming years.
The dog food segment is projected to account for the largest share in the global pet food processing market. The increasing population of dogs and the rising trend of pet humanization have encouraged dog owners to accept them as companions, which is projected to drive the demand for premium dog food
The key players operating in this pet food processing market are focusing to expand their presence globally through acquisition and collaboration with domestic and regional players.
Key players are also focusing on expanding their global footprint by launching new products related to pet food. In addition, Tier -1 players are investing in research and development activities and continuously monitoring their product offering in order to offer an excellent quality of product.
Despite changing consumer attitude, supply-chain disruptions could hamper the growth of the market. Restrictions imposed on movement of raw material is causing delay in production. This could have negative impact on the market.

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Increasing Social Media Exposure Supports Growth

The increasing use of social media has made consumers more aware about recent launches in the pet food processing market and the products that offer the necessary nutrition for pets at different life stages. Moreover, social media has increased consumer awareness regarding products from other countries, which are now becoming easily available.

This has helped pet food processing products that contain dehydrated fruits and vegetables gain immense traction in the United States of America. Thus, manufacturers have started investing in expansion of their businesses in the country as well as overseas.

“ Pet food processing market is gaining strength from growing demand for functional food, increase customer base and sales through expansion of e-commerce platforms. Moreover, developing clean label pet food processing products is a major focus of market players. This is expected to create growth opportunities for the market in the near future” says an FMI analyst.

Use of Innovative Packaging to Lure Customers into Purchasing

Appearance of products has become a major factor, along with their quality and taste that determines sales. The appearance of a product on the shelves in hypermarkets/supermarkets, convenience stores, and on e-Commerce platforms has proven to increase the chances of consumers buying products.

This has urged companies to increase their investments in innovative packaging solutions. For instance, several companies are using recyclable boxes for the packaging of their pet food processing offering. This is intended to make their pet food processing products more attractive to consumers, thereby increasing sales of the same.

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Who is Winning

Some of the market players profiled in the report are Precision Food Innovations, Mepaco Group, F.N. Smith Corporation, Reading Bakery Systems, Andritz Group,Buhler Holding AG, The Middleby Corporation, GEA Group,Gold Peg International, Fusion Tech Integrated, Inc. and others leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain competitive advantage.

In 2021, Mepaco Group offers sanitary design food processing equipment to the meat and poultry industry with a focus on regulatory compliance, safety and profitable yields.
F.N. Smith Corporation has been launched new mixers, conveyors, extrusion dies, and cutting assemblies to meet the most demanding requirements. This equipment has gone on to manufacture canned food, dry mix, semi-moist, and treat products.

Impact of COVID-19 on pet food processing market

Pet food processing market has been affected by the outbreak of coronavirus. According to FMI, the market will recover in 4th quarter of 2022.

Border closures, quarantines, and supply chain and trade disruptions could restrict people’s access to sufficient/diverse and nutritious sources of food, especially in countries such as U.S, China and Italy, which are hit hard by the virus or already affected by high levels of food insecurity. Due to restriction on movement, and the basic aversion behaviour by workers, the market may suffer.

Key Research Findings:

Get Valuable Insights into Pet Food Processing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global Pet food processing market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

By Product Type :

Mixing & Blending Equipment
Forming Equipment
Baking & Drying Equipment
Cooling Equipment
Others

By Form :

Dry Food
Wet Food

By Application :

Dog food
Cat food
Fish food

By Regions :

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

Plant-based Cheese Market Outlook Cover New Business Strategy with Upcoming Opportunity 2030

The global plant-based cheese market is estimated to be valued at US$ 1,530.2 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 3,416.6 Mn by 2032, rising at a CAGR of 8.4% for 2022-32.

According to the National Center for Biotechnology Information (NCBI), plant-based diet reduces the risks of metabolic syndrome, certain cancers such as colon, breast, and prostate cancer, heart disease, diabetes, and others. In June this year, the United Nations Environment Programme’s (UNEP) panel for sustainable resource management has highlighted the environmental impacts of the world’s predilections for western diet, comprising dairy and meat products.

A UN report, titled “Assessing the Environmental Impacts of Consumption and Production” has recommended that a global shift towards vegan diet could save the world from fuel poverty, hunger, and worst impacts of climate change.

With international organizations rallying for plant-based diet, FMI’s foresees impressive prospects ahead for the plant-based cheese market. While disruptions due to COVID-19 are inevitable, the report stresses on the benefits of surging awareness regarding veganism to the market.

According to the National Statistics of the United States, 3% of the population in the United States consider themselves vegan.

FMI offers a holistic overview of the global plant-based cheese market, its growth and restraints during the forecast period.

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Some of the key takeaways from the report are highlighted below-

Surge in demand for oat milk source is anticipated to propel the growth of the plant-based cheese market in the coming years
B2B distribution channels are expected to witness significant growth which is projected to increase the market value during the forecast period
North America is forecast to lead in the global plant-based cheese market owing to the rise in vegan population. The U.S. is expected to spearhead growth in the region
Europe, Middle East and Africa will remain another lucrative region in the global market

“The increase in demand for environment-friendly food products has been working in favor of the global plant-based cheese market. Furthermore, the health benefits of the plant-based diet are driving more people to go vegan. According to the National Center for Biotechnology Information (NCBI), a study involving more than 60,000 men and women, the prevalence of diabetes in individuals on a vegan diet was 2.9% compared with 7.6% in the non-vegetarians. As more people gain awareness on the health benefits of plant-based diet, the demand for various plant-based foods including plant-based cheese is likely to surge,” says a Fact.MR analyst.

COVID-19 Impact Analysis

The outbreak of COVID-19 initially affected the plant-based cheese market as hotels, restaurants, and cafes remained shuttered during extended periods of lockdown. The economic constraints followed soon after that further halted the production process of the plant-based cheese resulting in decline of the growth of the market.

Contrary to this, the pandemic has increased the awareness regarding health and people have become more conscious to maintain their well-being. In order to boost immunity, a major portion of the population has been opting plant-based diet which is bolstering the growth of the plant-based cheese market.

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Who is Winning?

Competition witnessed in the plant-based cheese market is increasing fast. In order to strengthen their foothold, the key market players are concentrating on both the quality and quantity of the products.

For instance,

Tesco launched their new few-form cheese which are made with soy milk in 2020.
Puris Foods launched their new PURIS™ vegan cream cheese which is made from non-GMO peas that deliver allergen-friendly protein and the texture of regular cream cheese without the dairy.

More Valuable Insights on Plant-based Cheese Market

Source:

Oat Milk source
Rice Milk Source
Corn Milk Source
Soy-Milk Source
Pea Milk Source
Almond Milk Source
Coconut Milk Source
Cashew Milk Source
Flax Milk Source
Hemp Milk Source
Other Milk Source

Distribution Channel:

B2B
- Hotels
- Restaurants
- Cafes
B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Mom and Pop Stores
- Discount Stores
- Food & Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Others Retail Formats

Region:

North America
Latin America
Europe
Asia
Oceania

Food Emulsifiers Market to Witness a Pronounce Growth During 2021-2031

Increasing consumption of processed food besides the expansion of bakeries and confectioneries are among key factors fuelling the demand for food emulsifiers. According to a new study by Future Market Insights (FMI), the food emulsifiers market is forecast to reach US$ 3.30 Bn by 2021. Demand for effective preservative ingredients in the food sector has remained a constant trend. It has been enabling growth in the market and will continue aiding overall expansion especially as application in processed food and bakeries rises consistently.

FMI has forecast the processed food segment to continue dominating the market through the course of the report’s forecast period, starting from 2021 to 2031. It is expected to account for nearly one-fourth of food emulsifiers sold over the assessment period.

Today, food emulsifier gaining high momentum in the manufacturing of food products due to its desirable qualities that help in preservation of processed and convenience food, besides making them more appealing. The growing market for convenience and processed food is backed by hectic lifestyles, deskbound jobs, increasing women workforce, and socio-cultural aspects. These aspects of changing lifestyle have contributed towards reshaping consumers’ eating habits. A shift away from three square meals eaten at the family table towards round-the-clock snacking is pushing manufacturer towards adoption of food emulsifier in order to cater supply/demand gap for processed food formats.

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Moreover, manufacturers are also focused on developing novel emulsifier solutions that are capable of reducing calorie content in food products. The market is seeing an increasing number of research and development centres coming up across globe. Companies are trying to expand their production and business footprint by acquiring key companies in the emulsifier segment.

The FMI study delves deep into the prevailing dynamics to offer interesting insights into the food emulsifier market. Some of these are:

Food emulsifiers market will continue exhibiting steady rate of growth through 2031. FMI projects the market to showcase 4.4% Y-o-Y growth in 2021
The U.S. will emerge as a chief market globally and account for 88.8% of North America market based on volume in 2021
The U.K. will exhibit 0.9% Y-o-Y growth in 2021 in terms of volume
Germany and France to continue offering lucrative growth opportunities
Japan and South Korea to emerge as attractive markets, however, China will continue leading the East Asia market through forecast period

“Innovation in food products is expected to create remarkable growth opportunity for market players in the years to follow. Also, a broader consumer base for healthy fast food is contributing to the growth of the global market” said a lead analyst at FMI

Who is winning?

Some of the leading companies operating in the market are BASF SE, Adani Wilmar Limited, Archer Daniels Midland Company, Cargill Inc, Dow Corning Corporation, E.I Dupont De Numours and Company, Evonik Industries AG, Ingredion Incorporated, Kerry Group Plc, Koninklijke DSM N.V., and others. Some of these companies are focusing on acquisition as key strategy to gain competitive advantage.

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For instance, in January 2017, Palsgaard acquired a major stake Candon Aditivos para Alimentos, which is a Brazilian ingredient company and supplier of bakery emulsifiers.

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Food Emulsifiers Market – Key Segments

Product Type

Lactic esters of fatty acids
- Sodium stearoyl lactylate
- Sodium behenoyl lactylate
- Sodium isostearoyl lactylate
- Sodium lauroyl lactylate
Lecithins
Mono & di-glycerides of fatty acid
Esters of monoglycerides of fatty acid
Polysorbates
Polyglycerol Esters
Polyglycerol Polyricinoleate
Others

Nature

Natural
Synthetic

Form

Fine Powder
Hydrate

End-Use

Bakery
Confectionery
Beverages
Dairy Products
Processed Food
Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

Bagasse Tableware Products Market Expectations and Growth Trends Highlighted by 2029

Bagasse tableware products were valued at ~US$1.7 billion in 2018, according to a new study by Future Market Insights (FMI). According to the report, the Bagasse Tableware Market is projected to expand at a CAGR of ~6% during the forecast period 2019-2029.

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According to the report, growing interest in sustainable, treeless and renewable resources for tableware manufacturing is expected to drive high demand for bagasse tableware products during the forecast period. Consumer propensity towards green and disposable products is expected to further fill the growth of the market over the next decade.

As the food service industry continues to expand globally, there is a huge demand for bagasse tableware products at the same time. Additionally, as sustainable products with outstanding properties continue to strengthen in the market, they are likely to provide a competitive edge to the bagasse tableware market players.

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Entering a new player in the Southeast Asian Bagasse tableware market

The easy availability of raw materials, economical labor and high growth opportunities are among the factors attracting new players to enter the market. Currently, the bagasse tableware product market is in a growth phase and significant investments are expected to pay off as the demand for eco-friendly tableware increases. The East Asian and South Asian Vargas tableware products market consists of a handful of international and huge local players. Competition among vendors is expected to intensify due to capacity expansion by overseas companies and an increase in local companies. These are ultimately expected to have smart and competitive pricing for the bagasse tableware products of the future.

key segment

product type

Plates, less than 8 inches, 8 inches to 12 inches, more than 12 inches

Food for packaging , fruits and vegetables, processed food, instant food, soup, etc.

Sales Channel Indirect sales, department stores and discount stores, hypermarkets/supermarkets, specialty stores, online sales, direct sales

end use

Commercial, Hotel & Cafe, Full Service Restaurant, Quick Service Restaurant, Venue & Catering

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Bagasse tableware products are robust, water-repellent and grease-repellent, offer excellent suitability in extreme temperature ranges, and are fully biodegradable and compostable. These factors are likely to make the product an ideal choice for serving and packaging a variety of hot and cold foods.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services serving clients in more than 150 countries. FMI is headquartered in Dubai, the global financial capital, with shipping centers in the United States and India. FMI’s latest market research reports and industry analysis help companies navigate the challenges and make important decisions with confidence and clarity amid fierce competition. Customized and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s team of expert-led analysts constantly track new trends and events across a wide range of industries to prepare customers for the evolving needs of consumers.

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Disposable Lids Market Will Generate New Growth Opportunities in Upcoming Year

The latest market research report by Future Market Insights on the disposable lids market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report studies the disposable lids market and provides critical insights for the forecast period 2022–2029.

As per the research findings of the report, the global disposable lids market is projected to experience noteworthy growth over the forecast period, due to various driving factors such as growing food & beverages industry and increasing demand for disposable and recyclable lids.

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The global disposable lids market was valued at US$ 2.6 Bn in 2022, and is expected to increase at a CAGR of ~4% during the forecast period, 2022–2029. Increasing focus to maintain the environmental sustainability is one of the vital factors that accelerates the market growth of the disposable lids.

Growing Online Food Ordering to Create Noteworthy Opportunities

The online food ordering market is one of the rapidly growing markets across the globe. Frequent requirement of disposable lids in the online food ordering market is contributing to the growth of the market considerably.

Increasing demand for disposable lids in the online food ordering market for covering various packaging products such as cups, containers, trays, and bowls is ultimately creating opportunities for disposable lid manufacturers to capture a significant market share. Countries such as China and India are expected to witness new heights in online food ordering market, which ultimately fuels the demand for disposable lids.

Organized Food Retail Outlets to Create Demand in Emerging Clusters

Rapidly growing food & beverages industry, especially fast food industry in countries such as China and India creates massive demand for the disposable lids. Increasing penetration of prominent foodservice providers in these countries and frequent requirements of disposable lids in foodservice outlets is ultimately boosting the market growth.

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On the basis of geography, North America and Europe are anticipated to capture a substantial market share in terms of value in the disposable lids market due to adequate presence of key disposable lids manufacturers in these regions. Furthermore, factors such as growing global population, increasing demand for food products, especially for packaged food products is propelling the demand for disposable lids in the market.

Brand Owners Spending on Promotional Activities of Food Products is Gaining Momentum.

Leading market players in the food and beverage industries are adopting the promotional strategy to maximize the overall sales of the food products. These prominent players are using promotional strategies such as advertising, branding and publicity to generate the maximum revenue.

Rising sales of food products across the globe, especially for packaged food and beverages products is ultimately fuelling the demand for disposable lids.

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Disposable Lids Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global disposable lids market. Some of the examples of key players in the global disposable lids market are Berry Global, Huhtamaki Group, Greiner Packaging International GmbH, Dart Container Corporation, Genpak, LLC, Cambro, Carlisle FoodService Products, Airlite Plastics, Cosmoplast (Harwal Group), Be Green Packaging LLC, Michael Procos S.A., Medac S.r.l., “Amhil Europa” LLC, ConverPack Inc., Plus Paper Foodpac Ltd., Pactiv LLC, Manoher International, G.E.T. Enterprises, LLC, and Pt Pola Paperindo Jayatama.

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About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Demand for ‘Easy’ & ‘Efficient’ Moulding Processes to Bolster Rotational Moulding Machine Sales, Finds FMI Study

A new market research report by Future Market Insights (FMI) investigates the rotational moulding machines market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global rotational moulding machines market reached revenues worth ~ US$ 800 Mn in 2018, primarily driven by the exponential growth of manufacturing ecosystems.

Growing demand for cost-effective machinery offering optimal productivity is one of the key factors expected to propel demand for rotational moulding machines in the upcoming years. In addition, massive outpour of investments in the plastics processing space is expected to drive the rotational moulding machines market growth in the next decade, states the FMI analyst.

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North America and Europe regions are expected to hold prominent market shares in terms of value, however, East Asia is expected to represent significant opportunities for companies active in the global rotational moulding machines market through 2029. Demand from end-use industries such as chemicals & petrochemicals and automotive & marine is expected to pin the East Asia rotational moulding machines market for exponential growth in the coming future.

Manufacturers Shifting Strategic Focus on ‘Customized’ Offerings

According to the FMI report, leading companies in the rotational moulding machines market are working on new strategy models to successfully bridge the supply-demand gap. With the rise of ‘customization’ trend, manufacturers are also offering tailor-made machines specifically designed as per the end user requirements. Manufacturers are also shifting their focus toward incorporation of new and advanced features in their machinery, which will ensure shorter processing cycles and higher efficiency irrespective of the material thickness.

The rock & roll rotational moulding machines are expected to hold prominent market value share in the global rotational moulding machines market. Production capacity remains the key USP pushing demand for these machines and these machines are mostly employed for manufacturing products with narrow and uniform thickness. Uniform thickness of a container/part not only enhances its visual appearance but also nourishes quality quotient of the finished product by a wide margin. Use of rotational moulding machines for manufacturing tanks & containers is likely to hold approximately half of the global market share in 2019, given that significant requirements for sturdy tanks and containers will continue to be put forth by the shipping industry in 2019 and beyond.

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The report highlights some of the prominent market players, who have established themselves as market leaders in the global rotational moulding machines market. Some of the key players operating in the global market are The Rotomachinery Group, Persico S.p.a., Shandong Zhongtian Rubber & Plastic technology Co., Ltd, Ferry Industries, Inc., Crossfield Excalibur Ltd, Orex Rotomoulding sp. z.o.o., Rotoline LLC, and Reinhardt GmbH.

The global rotational moulding machines market is consolidated with some of the players holding prominent shares of the market. There are relatively less number of manufacturers in the market. Manufacturers are investing in the carousel machines, independent arm machines, and also in shuttle machines which is expected to increase the rotational moulding machines market growth in the next ten years.

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For additional insights on the global rotational moulding machines landscape, write to the analyst at press@futuremarketinsights.com

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Lightweight Plastic Containers Account for 50% of Sales in Rigid Industrial Packaging Market, Finds FMI

Rigid industrial packaging recorded a volume sales of ~1.85 billion units, equating a value of ~US$ 26 billion in 2022. As per the latest report published by Future Market Insights (FMI),

Rigid industrial packaging has been gaining rising momentum in a number of commercial sectors owing to its enhanced protective capabilities against harsh environmental factors. FMI’s study opines that fast-paced industrialization and increasing demand for chemicals and pharmaceuticals continue to influence the growth prospects of rigid industrial packaging market.

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It’s not sufficient for rigid industrial packaging to merely contain the product inside. FMI’s study finds that there is greater awareness among manufacturers and suppliers to deliver more environmentally acceptable packaging formats. Therefore, the futuristic focus revolves around technological innovations and sustainable solutions that reduce the cost of manufacturing as well as the environmental impact.

Manufacturers Capture Opportunities Arising from Chemical Industry

According to the study, one of the important growth drivers is an increase in inter-continental trade activities, which necessitate newer industries – such as bio-chemical, food grade ingredient, and processed food – to use rigid industrial packaging format. Furthermore, the market remains heavily dependent on four key end-use industries including chemicals & solvent, food & beverage, oil & lubricants, and automotive.

The study opines that high demand for steel drums, pails, and rigid intermediate bulk containers (IBCs) from chemicals & solvent industry continue to influence the growth strategies. Additionally, manufacturers are focused on increasing the production of plastic drums and bulk boxes to capitalize on rapidly expanding automotive and food & beverage industries.

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Despite the cloud swirling around the ill effects of plastic, manufacturers continue to use plastic as a convenient material for rigid industrial packaging, owing to technical and operational advantages and lower costs as compared to metals. Accounting for ~50% revenue share in 2018, sales of rigid containers made up of plastic are likely to witness significant growth in the future, backed further by the lightweight property and advances in technologies of polymer processing. However, low degradability of plastic will remain a key concern among manufacturers as well as end users.

As per the study, reuse of containers is gaining ground in the rigid industrial packaging space, and to align with the current trends, manufacturers are placing more focus on R&D activities and innovations to increase the efficiency of products and maximize repeat use. The trend of customization has also been noticeable in the market, as manufacturers are inclining towards offering products that meet end users’ specific requirements.

Growth prospects of the rigid industrial packaging, as identified by the FMI study, are high in East Asia, representing a revenue share of 50% in 2018. An exponential rise in manufacturing activities in the region along with expansion of F&B industry has surged the demand for safe and contamination-proof packaging. Favorable government policies on intercontinental trade activities along with increasing number of OEMs will continue to create opportunities for market players in East Asia.

The study identifies restraints that could possibly hamper the growth of the rigid industrial packaging market. Rapid emergence of new companies from developing countries, catering to the needs of local customers at reasonable costs, are likely to squeeze the global player’s margin in the market. These players are further under the pressure from end users to reduce the overall costs.

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The business intelligence highlights the competitive landscape in the rigid industrial packaging market, by conducting a thorough analysis on the key growth strategies of the market players. Acquisitions and partnerships with local players remain a strategic focus area of key stakeholders for enhanced global footprint.

This study tracks growth of the global rigid industrial packaging market from 2022 to 2029. The global rigid industrial packaging is likely to spectate a steady rise at 4.5% value CAGR over the course of the forecast period, according to FMI’s projections.

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