Market Research Blog

The global  dewatering pumps market  is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.

Leading players in the market are focused to shift their production bases to Asia Pacific in order to capitalize on the economies of scale. The global market, characteristically, is poignant towards consolidation. Several mergers were seen during the recent past; the same trend is anticipated to continue over the coming years with profitability to remain as the core strategy behind these acquisitions.

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Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.

Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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Market Taxonomy

By Equipment

• Civic Infrastructure Construction
  • Commercial Construction
  • Tunnels
• Mining & Metals
• Paper & Pulp
• Chemicals
• Power Generation
• Food & Beverages
• Municipal
• Others

By Capacity

• 0.5-3 hp
• 3-10 hp
• 10-50 hp
• Above 50 hp

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa
• China
• South East Asia & Pacific (SEAP)
• India
• Japan

By Application

• Sludge Pumps
• Slurry Pumps
• Drainage Pumps
• Hybrid Pumps

By Technology

• Positive Displacement Type
• Centrifugal Type

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Low Priced China-based Pumps to Act as Hindrance to Market Growth The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.

Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

The global automotive timing chain and belt market was pegged at 114,517 ‘000 units in 2022 and is expected to reach 166,277 ‘000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%.

According to a new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027),” global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2022 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.

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Global Automotive Timing Chain & Belt Market: Dynamics

• Urban logistic control increases the demand for automotive belts and chains
• Growing lifespan of used automobiles to boost the automotive aftermarket sales of automotive timing systems
• Shift of component manufacturers’ focus towards existing opportunities in Eastern Europe is driving expansion of the local production base
• Research, development and innovation of automotive time/chain components is a key growth driver

Global Automotive Timing Chain & Belt Market: Forecast by Product Type

On the basis of product type, the global automotive timing chain and belt market is segmented into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, followed by the chain segment, remains lucrative and will dominate market demand over the forecast period, primarily due to the fact that these products offer longer life and efficient operations in real-time working conditions in all vehicle types.

Global Automotive Timing Chain & Belt Market: Forecast by Vehicle Type

On the basis of vehicle type, the global automotive timing chain and belt market is segmented into passenger car, LCV, HCV, and off highway vehicle. The passenger car segment is anticipated to emerge as an opportunistic segment due to the growing consumer preference for advanced and more efficient timing chains and belts.

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Global Automotive Timing Chain & Belt Market: Forecast by Engine Type

On the basis of engine type, the global automotive timing chain and belt market is segmented into gasoline and diesel. By engine type, in terms of volume, gasoline engine is expected to remain the most attractive segment in the global automotive timing chain and belt market over the forecast period, growing at a volume CAGR of 3.7%.

Global Automotive Timing Chain & Belt Market: Forecast by Sales Channel

On the basis of sales channel, the global automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM segment is anticipated to gain prominent market share during the forecast period as OEM sales are directly proportional to the production rate of vehicles globally. Moreover, the increasing production of vehicles in the emerging economies in Latin America and MEA is likely to propel the demand for automotive timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Region

APEJ is a prominent regional market and is anticipated to dominate the global demand for automotive timing chains and belts, followed by Western Europe. Noteworthy increase in sales in markets such as China, India, Mexico and Turkey among others is expected during the forecast period.

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Global Automotive Timing Chain & Belt Market: Key Players

Some of the key players operating in the global market for automotive timing chains and belts include Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.

About the Automotive Division of FMI

The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Scope of Report

Explore FMI’s Extensive ongoing Coverage on Automotive Domain

Marine Elevators Market: According to research, the market for marine elevators is expected to surge ahead between 3%-5% CAGR from 2021 to 2031.

Railway Roof Switches Market: As per the ongoing study, the railway roof switches market is anticipated to exhibit promising growth over 7% to 9% during 2021-31.

Road Speed Limiter Market: According to latest research, road speed limiter market is set to witness steady growth during 2021-2031.

Steering Column Locks Market: According to research, the market for steering column locks is expected to surge ahead between 6%-8% CAGR from 2021 to 2031.

Steering Stabilizers Market: According to study, the steering stabilizers market is projected to witness growth of 3%-5% CAGR during the assessment period of 2021 to 2031.

Odometer Market: According to latest study, odometer market is set to witness steady growth during 2021-2031.

On-Board Fuse Box Market: According to study, the on- board fuse box market is projected to witness growth of over 5% CAGR during the forecast period 2021- 2031.

Bus Flooring Market: According to the study, the bus flooring market is projected to exhibit a marginal growth rate between 3% and 4% during the assessment period of 2021 to 2031.

Boat Hook Market: According to recent study, the global boat hook market is predicted to develop at a CAGR of 3% to 5% between 2021 and 2031.

Aircraft Refueling Hose Market: According to latest research, the aircraft refueling hose market is projected to expand between 4.0% and 6.0% CAGR during the 2020-2026 assessment period.

About Future Market Insights (FMI)

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

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ESOMAR certified consulting firm Future Market Insights’ recent report on the automotive exhaust systems market forecasts a relatively stable outlook for FY 2021-22, compared to the previous year, as the global automotive industry emerges from the recessionary impact of the coronavirus pandemic crisis. As production cycles resume, a gradual recovery is anticipated in the short-run, eventually translating into a stable outlook through 2031.

According to the report, growth prospects were weighed down significantly, attributed largely to a mature and stagnation in growth curves across the global automotive industry. Projections reflected a value of just under US$ 25 billion in 2017. In addition, automotive sales witnessed a marked decline of over 5%, down to nearly 92 million units by 2019.

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In spite of such downswings, growth has been sustained by increasing drives towards attaining zero carbon emission goals. Initiatives such as the UK government’s Road to Zero project have pledged to achieve at least a 70% sales figures with respect to low emission cars. Likewise, the US EPA’s Cleaner Trucks Initiative seeks to revise NOx emission levels, with strides already visible in the form of a 40% reduction in emission levels since 2001. The market is poised to expand at over a 4% CAGR through 2031.

Key Takeaways from FMI’s Automotive Exhaust Systems Market Study

• Mufflers to cement its dominance, expanding at over 4% CAGR through 2031, by product type
• By vehicle type, passenger cars are expected to retain the crown through 2021 and beyond
• Automotive exhaust systems for gasoline driven vehicles to experience a substantial incline
• Aftermarket sales to account for the maximum share in the automotive exhaust systems market
• Key initiatives, including the Cleaner Trucks Act, to largely elevate automotive exhaust sales across the US
• UK market to expand amid increasing LCV registration frequencies through 2021
• Intensive EV infrastructure development to elevate German automotive exhaust systems growth prospects
• China to cement its presence across the Asia-Pacific, characterized by a robust local manufacturing base

“Key manufacturers of automotive exhaust systems are emphasizing on incorporating selective catalytic reduction (SCR) technology based emission curbing approaches, prompting numerous innovations and product launches, expected to widen revenue pools across the forecast period,” says an FMI analyst.  

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Competitive Landscape

Prominent automotive exhaust systems manufacturers are leveraging the most contemporary developments prevailing across the global automotive industry, including the quest to achieve carbon neutrality, spurring various technological advancements in compliance with key regulatory provisions.

To achieve this goal, prominent automotive aftermarket player Bosal International N.V. announced the launch of a new manufacturing unit and R&D center in Shanghai, China, in February 2021. This venture will support a supply contract for its original equipment customer Geely, to develop an eco-friendly exhaust system for the Volvo XC40 passenger car.

Also, Faurecia S.A. announced in February 2021 that it has acquired a significant stake in CLD, one of China’s largest high-pressure tank manufacturers to develop homologated type III and IV hydrogen storage tanks for the Chinese automotive market. This development is significant as China is expected to represent at least one million fuel cell vehicles by 2030.

Key Segments Covered

By Product Type

• Exhaust Manifold
• Muffler
• Catalytic Converter
• Oxygen Sensor
• Exhaust Pipes

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Engine Type

• Gasoline
• Diesel

By Sales Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

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Top Reports Related To Automotive Market Insights

Car Security System Market: The car security system market is expected to reach a valuation of US$ 7.60 Billion by 2021, according to the latest insights by Future Market Insights (FMI). The overall sales is expected to grow at a CAGR of 5.8% between 2021 and 2031.

Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About FMI

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

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ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global aircraft tire market for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR exceeding 6% throughout the forecast period. Increasing production of narrowbody and widebody aircrafts are spurring demand.

The market posted steady growth in historical period, backed by the high demand of bias ply aircraft ties from military aviation industry. Consistent demand for narrowbody aircrafts backed by the high demand from defense and military sector across the U.S., India, China, and Germany bolstered the market growth.

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Competitive advantage of bias ply over radial ply in providing higher strength, stability and ground traction will continue to fuelling the demand for former over the forecast period. Besides this, a key trend gripping the aircraft tires landscape is the drive towards attaining sustainability in manufacturing of aircraft tires.

Surging adoption of high performance material such as Kevlar is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material to manufacture their products.

For instance, Bridgestone Corporation are using Kevlar in the manufacturing of its narrowbody military aircrafts, while another leading player Goodyear Tire and Rubber Company is conducting R&D activities to incorporate new innovation in the manufacturing of its bias ply aircraft tires.

Key Takeaways from FMI’s Aircraft Tire Market Study

• In terms of ply type, bias ply aircraft tires are expected to remain dominant
• Narrowbody aircraft tires are expected to witness higher growth backed by the high production of military aircrafts
• Demand for aircraft tires to witness high growth across aftermarket segment
• The U.S. is expected to be the most lucrative market across North America
• China is anticipated to lead the Asia Pacific aircraft tire market, registering impressive growth through 2031
• Germany and the U.K. are expected to lead Europe’s aircraft tire market over the forecast period

“Advanced technology and increasing investment in the research & development activities for developing fuel efficient and light weight aircraft is improving the demand of aircraft tires, creating impressive growth opportunities for key players,” says the FMI analyst. 

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Who is Winning?

Fierce competition within the market have led the key players to adopt numerous organic and inorganic strategies to maintain the lead. Product expansion, technological innovations, research & development activities, targeted mergers & acquisition are few of the strategies manufacturers rely upon among others.

Goodyear Tire & Rubber Company, one of the world’s largest tire company, in October 2020 announced KADEX Aero Supply as its aviation distributor, a Canadian aviation parts distributor company. Though this partnership, Goodyear aims to expand its footprints in Canada.

Dunlop Aircraft Tyres Limited (DATL), another prominent player, recently invested US4invested US$ 70.92 million in an aircraft tyre retreading factory in Karawang, West Java, Indonesia. Also, DATL has announced to start up a new aircraft tyre production plant in the same location to expand their customer base.

Some of the leading aircraft tire companies profiled by FMI include Bridgestone Corporation, Goodyear Tire & Rubber Company, Compagnie Générale des Établissements Michelin, Dunlop Aircraft Tyres Limited, and Polymer Enterprises Inc. among others.

Key Segments Covered

Aircraft Type

• Small Widebody Aircraft
• Medium/ Large Widebody Aircraft
• Narrowbody Aircraft
• Propeller Aircraft
• Helicopter
• Defense and Homeland Security Aircraft
• Freighters

Ply Type

• Bias Ply
• Radial Ply

Sales Channel

• OEM
• Aftermarket

Region

• North America (US and Canada)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Europe (Germany, France, Spain, UK, Italy, Nordics, BENELUX, Russia and Rest of Europe)
• Asia Pacific (India, Malaysia, China, Japan, Australia, Thailand and South Korea and Rest of APAC)
• Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

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Key Points Covered in Aircraft Tire Market

• Market estimates and forecast 2021-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Aircraft Tire Market and How to Navigate
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

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

Newly released data on Plant-Based Beef Market analysis shows that according to Future Market Insights the plant-based beef market is estimated to be valued at USD 2.08 billion in 2022 and is projected to reach USD 16.1 billion by 2032, recording a CAGR of 22.7%, in terms of value.

The global food and beverage recent industry changes illustrate the growth in plant-based alternatives that has brought disruption. Companies across the spectrum are investing heavily in creating and acquiring new products and brands which will provide momentum to the surging consumer demand for plant-based beef products.

Plant-based meat has become one of the most popular, healthy, and environmentally responsible ways of life. This is due in part to plenty of new plant-based meat alternatives that mock meat products in taste, texture, mouthfeel, and behave like the “genuine thing.”

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Key Takeaways from the Plant Based Beef Market Study

Future Market Insights (FMI) forecasts impressive growth of the Plant Based Beef market at over 22.7% CAGR between 2022 and 2032 Based on the source, the soy-based protein segment holds the dominance in the market for plant based beef, while wheat-based protein segments are expected to grow prominently in the forecasted period of 2022-2032 Based on the product type, burger patty segment holds the dominance in the market for plant based beef As alternate protein gains traction in the market owing to the increasing awareness about the environmental impact of food choices consumers make, the majority of the population is shifting towards plant based beef and is expected to gain traction in near future Companies across the spectrum are investing heavily in creating and acquiring new products and brands which will provide momentum to the surging consumer demand for plant-based beef products

New Product Development Fuelling Plant-Based Products Demand

Increasing demand for innovative products has paved the way for product development across frozen, chilled and ambient segments. This innovation helps consumers with a wider choice of brands and products, and allows plant-based beef to advance improved shelf space and recognition.

UK is the global leader for vegan food launches. In 2019 approximately 18% of new food launches were vegan. Tesco has developed wicked kitchen range of meat-free products.

Who is winning?

A few of the leading players operating in the Plant Based Beef market are Impossible Foods, Inc., Gardein by Conagra Brands, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Kellogg’s, Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion Inc, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd. and other players.

Several leading manufacturers of Plant Based Beef are focusing on partnering with prominent players in the market to increase its business footprints and to increase their production capacity. Leading players of Plant Based Beef are investing in research and development to produce organic, non-GMO ingredients for Plant Based Beef.

Key Segments in Plant-based beef meat Market

By Source?

• Wheat
• Pea
• Quinoa
• Oats
• Beans
• Nuts
• seeds

By Product

• Plant-based beef jerky
• Plant-based beef patty
• Plant-based beef pot pie
• Plant-based beef stew
• Plant-based beef strips

By Process

• Mixing
• Blending
• Forming/Shaping
• Freezing Systems
• Storage

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Key Questions Answered in the Report

What is Plant-based beef market size?

Plant-based beef market is estimated to be valued at USD 2.08 billion in 2022 and is projected to reach USD 16.1 billion by 2032, recording a CAGR of 22.7%, in terms of value.

At what rate did the Plant based beef Market Expand in The Last Five Years?

According to FMI’s study, Plant based meet grown at 12.8% CAGR between 2016 and 2020.

What are the key factors driving Plant based beef market demand?

The nutritional benefits of plant-based meats, as well as their safety when compared to regular meat, are two major factors driving plant based beef market demand.

What is the United States Plant based beef market Outlook?

Demand for Plant based beef in United states is predicted to propel, abetted by relaxations of covid restrictions escalating sales across the country. United States hold more than 35% of the global Plant -based beef market in 2021.

Which is the Highest-Grossing Region in Global Plant Based beef Market?

NorthAmerican region is leading market share in the global Plant based beef market, estimated to account for nearly 38% of the overall market in 2021.

About FMI:

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

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Future Market Insights (FMI) pegs citrus gummies market to grow 5.9% CAGR in terms of volume, with revenues set to surpass 341Mn by 2027. The report attributes the growth of the market to a cohort of factors, notably a spike in immunity-boosting supplements in the COVID-era.

Owing to its strong nutritional profile, citrus gummies have emerged as an ideal option for consumers seeking healthy and tasty nutraceutical supplements.

According to the study, the sweet taste and availability of different flavors of citrus flavors give it an edge over conventional nutritional pills. Likewise, health benefits of citrus gummies such as immunity enhancement, improvement of bone health, and an overall reduction of nutritional deficiency will continue to drive demand.

However, the report opines that the COVID-19 pandemic will exhibit a dual impact on the sales of citrus gummies, creating fluctuations in the growth trajectory. While the need for nutritional supplements is expected to rise, issues on the supply side are likely to hinder the growth during the pandemic.

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Key Takeaways

Conventional citrus gummies will account for more than 3/5th of market value. Bottle & jars will remain the most popular packaging type due to their safety and reusability. Europe will remain the largest market for citrus gummies globally North America and APEJ will cumulatively account for over half of the global value, backed by a high population base that’s at risk of autoimmune diseases.

COVID-19 Impact

The outbreak of COVID-19 has pushed the food and beverage industry into uncertainty and the citrus gummies market is no different. However, high demand for healthy food products, including nutritional supplements such as citrus gummies is likely to bolster the market during the pandemic.

Contrarily, issues on the production side such as shut down of manufacturing facilities, shortage of workforce, and disruption of distribution networks are hindering smooth operations, creating a downfall in the production volume.

Who is Winning?

Citrus gummies market players are focusing on expanding the production of organic products to leverage the growing demand for products produced using non-GMO methods.

Manufacturers are also focusing on high-quality packaging to attract consumers. Similarly, acquisitions and new product developments will continue to shape the competitive landscape of the market. On these lines,

In March 2020, American manufacturers Olly Public Benefit Corporation launched its citrus gummy supplements in Singapore after acquiring Unilever Ltd. the previous year.

FMI’s report includes profiles of some of the most prominent names in the market including Pfizer Inc., Bayer AG, The Honest Company, Inc., Pharmavite LLC, Olly Public Benefit Corporation, Nutranext LLC, Hero Nutritionals LLC, Herbaland Naturals Inc., and Zanon Vitamec, among others.

Key Segments

Nature:

• Organic
• Conventional

Customer Orientation:

• Children
• Adult

Packaging

• Bottles & Jars
• Stand-Up Pouches
• Others

Sales Channel

• Direct Sales
• Modern Trade
• Convenience Stores
• Departmental Store
• Specialty Store
• Drug Store/Pharmacies
• Online Retailers
• Other Sales Channels

Region:

• North America
• Latin America
• Europe
• Japan
• Asia Pacific except Japan (APEJ)
• Middle East and Africa

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Key Questions Answered in the Report

What is the citrus gummies market size?

The global citrus gummies market is expected to reach a valuation of US$ 341 Mn by 2027.

Which is the largest market for citrus gummies?

Europe is expected to maintain hegemony over the regional landscape through the course of the forecast period

Who are the citrus gummies manufacturers?

Key players operating in the market include Pfizer Inc., Bayer AG, The Honest Company, Inc., Pharmavite LLC, Olly Public Benefit Corporation, Nutranext LLC, Hero Nutritionals LLC, Herbaland Naturals Inc., and Zanon Vitamec among others.

Which is the preferred sales channel for citrus gummies?

The modern trade segment is expected to channel the majority of revenue to the citrus gummies market through the forecast period.

About FMI:

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

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The astaxanthin market is poised to scale impressive heights, registering a robust 13.8% value CAGR through 2030. Widespread usage across a range of industries is the primary growth driver for the market.

Astaxanthins are a group of carotenoids which contain high antioxidant properties. Therefore, they have proven beneficial in containing and preventing various ailments ranging from cardiac arrest and stroke to debilitating cancers. Additionally, they are also known to stop the progression of Alzheimer’s and Parkinson’s diseases respectively.

Astaxanthins are extensively utilized across the aquaculture, cosmetics, animal feed and nutraceutical industries due to their useful properties. Based on these projections, the global market is only set to accelerate in the near future, opening up lucrative revenue prospects for vendors.

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Global Astaxanthin Market- Key Takeaways

South Asia to emerge as a promising market, attributed to high demand for antioxidant and protein rich diets Algae and crustacean-based natural astaxanthins to enjoy popularity, capturing 16.5% market share by 2030 95-97% grade astaxanthin to be the chief ingredient across key application areas Major application is likely to be witnessed in the aquaculture segment Powdered astaxanthin to capture over 80% market share by 2030

COVID-19 Impact Analysis

The COVID-19 pandemic has brought the entire world to a standstill. While various industries are struggling to address revenue shortfalls, prospects for the astaxanthin market appear extremely bright in the near future.

Attributed to its anti-inflammatory and antioxidant properties, natural astaxanthin is slated to play a pivotal role in modulating the immune response by regulating cytokine release among COVID-19 patients.

Acute inflammatory disease such as sepsis and acute lung injury (ALI) is a systemic inflammatory syndrome induced by the infection and causes multiple organ failure in extreme cases. Thus, to combat this, natural anti-inflammatory astaxanthin compounds are being considered as a viable option to reduce organ damage.

Therefore, continuous research and development efforts by the medical fraternity is laying fertile ground for the astaxanthin market to flourish in the remainder of the pandemic’s duration.

Key Segments

Source

• Natural
• Crustaceans

• Crabs & Lobsters
• Shrimps
• Prawns & Crawfish
• Others
• Microalgae

• Haematoccocus P.
• Chlorococcum
• Chlorella Zofingiensis
• Schizocytrium Genus
• Paracoccus
• Carotinifaciens
• Yeast/Fungi
• Synthetic

Grade

• > 98%
• 95-97%
• < 94%

Form

• Powder
• Liquid

Production Technology

• Chemical Synthesis
• Natural Extraction

Application

• Aquaculture
• Dietary Supplements
• General Wellbeing
• Eye Health
• Brain Health
• Immune & Digestive Health
• Bone & Joint Health
• Heart Health
• Other Supplements (Weight Loss, Allergies, etc.)
• Food & Beverages
• Personal Care & Cosmetics
• Skin Care
• Hair Care
• Pet Food
• Eye Health
• Brain Health
• Immune & Digestive Health
• Bone & Joint Health
• Others
• Animal Feed

Global/Regional Overview

• North America (U.S & Canada)
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
• Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia, Poland & Rest of Europe)
• East Asia (China, Japan & South Korea)
• South Asia (India, Indonesia, Thailand, Malaysia, Singapore, Philippines & Rest of South Asia)
• Oceania (Australia and New Zealand)
• Middle East & Africa (GCC, Turkey, Israel, South Africa and North & Central Africa and Rest of MEA)

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Key Questions Answered in the Report

How has the Astaxanthin Market fared in the past decade?

The global astaxanthin market was valued at US$ 282.9 Mn in 2010 and acquired a value of US$ 583.8 Mn in 2019. This upsurge was largely a product of rising awareness regarding potential antioxidant properties and effectiveness in eradicating chronic conditions.

What is the likely growth scenario for the astaxanthin market in the forthcoming forecast period?

According to FMI, the astaxanthin market is slated to expand at an astounding 13.8% CAGR in the 2020-2030. It is anticipated to reach a value of US$ 2.3 Bn by 2030-end.

What drivers underpin market expansion for the upcoming decade?

Transition towards natural therapeutic options to cure chronic ailments as well as increasing prevalence of sedentary lifestyles leading to habits such as smoking and alcohol consumption are expected to pivot the astaxanthin market growth in future.

Identify possible impediments or hindrances to market growth

Availability of plant-based alternatives and volatility in pricing are expected to restrain growth prospects for the market for the 2020-2030 forecast period.

What will be the impact of COVID-19?

Yes. The COVID-19 pandemic is expected to have an impact on the astaxanthin market. Various healthcare professionals are touting natural astaxanthins as the answer to inhibit the inflammation of respiratory organs by limiting cytokine secretion in infected patients.

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
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As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global bulk food ingredients market reached US$ 771.6 Bn in 2021. Increasing demand for instant foods and ready meals is anticipated to propel sales, enabling expansion at a healthy 5.20% CAGR.

According to the study, bulk food ingredients market bore ominous losses in 2020 due to lockdown restrictions imposed to control the COVID-19 outbreak. However, sales are anticipated to recover at a steady pace, with a 4.90% year-over-year growth projection for 2020-2021.

Increasing urbanization in emerging economies is creating room for innovation in the packaged food industry. This factor is encouraging food producers to launch new products aligned with fluctuating consumers’ preferences, thereby spurring demand for high-quality bulk food ingredients.

In addition, growing consumers’ preference towards plant-based ingredients and cleaner labels is shaping the demand outlook for high-quality bulk food ingredients. Emergence of diet concepts such as vegan, keto and glutton-free will further spur demand for superior processed food products. In response to this, demand for high-quality bulk food ingredients is anticipated to rise during the assessment period.

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Besides this, high consumption of ready meals due to hectic schedules and increasing per capita expenditure are urging brands to expand production operations to meet the growing consumers’ demand, which in turn is augmenting the bulk food ingredients market growth.

“Convenience and longer shelf life associated with packaged food are propelling sales in the market. Apart from this, sales of bulk food ingredients through online channels, along with demand for gourmet and ready-to-eat meals will continue augmenting market growth,” says the FMI analyst.

Key Takeaways:

Based on product type, processed herbs & spices will account for maximum revenue during the forecast period. Applications of bulk food ingredients in ready meals will continue gaining traction. The U.S. is anticipated to witness high demand for bulk food ingredients, owing to the presence of key stakeholders in the country. Growth prospects in the U.K. are projected to be positive, due to high preference for gourmet sauces and condiments. China is projected to emerge as a lucrative market with increasing sales of instant global foods. Demand for bulk food ingredients in India is expected to witness an uptick, owing to increasing adoption of ready to eat meals. Japan and South Korea will account for 6.2% and 4.8% of the total market share respectively.

Competitive Landscape

DuPont, Archer Daniels Midland Company, Cargill Foods Inc., Tate & Lyle PLC, Associated British Foods plc, Olam International, Ingredion Incorporated, EHL Ingredients, Wilmar International, Suntory, Koninklijke DSM N.V., Symrise AG, Kerry Group Plc, Bunge Limited, Ajinomoto, George Weston, Sysco Corporation, Conagra Brands and Kirin Holdings and CHS Ltd. are among the leading players operating in the bulk food ingredients market.

As a part of their growth strategies, key stakeholders in the bulk food ingredients market are enhancing their product portfolios to improve sales. Besides this, mergers, acquisitions, and production facility expansions will gain high significance during the forecast period. For instance:

In April 2021, Olam Food ingredients acquired Olde Thompson, a private label manufacturer of dry spices and seasonings, from private equity firm Kainos Capital for US$ 950 Mn. The acquisition marked a 15-yearlong partnership with Olde Thompson to supply premium retail spice solutions to major US retailers. In July 2021, Ingredion, Inc., unveiled a new textured protein at the Institute of Food Technologists’ FIRST virtual conference. The company added VITESSENSE TEX Crumbles 102 protein to its wide range of plant-based solution for the United States and Canada.

Bulk Food Ingredients Market by Category

By Product Type: 

• Vegetable Oil
• Sea Salt
• Sugar & Sweeteners
• Tea, Coffee & Cocoa
• Flours
• Processed Grains, Pulses & Cereals
• Dried Fruits & Processed Nuts
• Processed Herbs & Spices

By Application Type:

• Bakery & Confectionery
• Beverages
• Meat & Poultry
• Sea Food
• Ready Meals
• Dairy Products
• Snacks & Savory
• Sauces & Dressings and Condiments
• Frozen Foods

By Region:

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

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Key Questions Answered in the Report

What is the current bulk food ingredients market value?

The bulk food ingredients market reached a valuation of US$ 771.6 Bn in 2021.

At what rate did the bulk food ingredients market grow between 2016 and 2020?

The bulk food ingredients market experienced modest growth, exhibiting a 4.30% CAGR between 2016 and 2020.

What are the key trends driving bulk food ingredients sales?

Growing demand for instant food products and ready meals, coupled with longer shelf life and convenience offered by processed food is driving the bulk food ingredients market.

Who are the leading players in the Bulk food ingredients market?

Leading players operating in the bulk food ingredients market include DuPont, Cargill Foods Inc., Archer Daniels Midland Company, Associated British Foods plc and Koninklijke DSM N.V.

What is the current market share of Japan and South Korea in the global bulk food ingredients market?

Japan and South Korea will collectively account for 6.2% and 4.8% of the total market share respectively.

About FMI:

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

Contact Us:                                                      

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

The global plant based chicken market is poised to reach US$ 8 Bn by 2030-end, registering double-digit growth from 2020-2030, according to ESOMAR-certified Future Market Insights’ (FMI) latest report on the subject.

Growing concern for animal welfare is bringing about a paradigm shift in consumer eating habits. Initiation of mass level awareness campaigns combined with tough legislations prohibiting or limiting animal slaughter across several countries is primarily fueling growth of the market.

Furthermore, consumers are willingly substituting meat products with meat analogues, attributed to rising awareness about the ill-effects of excessive meat consumption on human health.

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COVID-19 Impact Insights

The food & beverages domain stands to gain the most out of the crisis, with demand for plant-based foods experiencing steep incline. Increasing apprehension among consumers about the possible spread of COVID-19 through animal-based food products is stimulating demand for vegan alternatives.

This surging requirement for clean label and naturally derived foods is catapulting the plant based chicken market. Demand is especially strong across the United States, Brazil and India, as they have the highest number of COVID-19 infections. Therefore, people are altering their dietary preferences, prompting manufacturers to increase their presence.

Competitive Scenario

The plant based chicken market is highly competitive, interspersed with the presence of numerous regional and global players. Prominent players profiled in the report include Impossible Foods, Gardein (Conagra Brands), Atlantic Natural Foods LLC, Beyond Meat, Puris Proteins LLC, Tyson Foods Inc., and CHS Inc.

In July 2016, Impossible Foods made its debut by introducing the world’s first meat analogue product titled the Impossible Burger, which is derived primarily from plant-based products. The production process involves 95% less land and 74% less water usage.

Likewise, Gardein by Conagra Brands markets products such as Chick’n and Turk’y, Beefless and Porkless, Fishless and Plant-Based Jerky. Such a wide product offering has enabled the company to capture a large customer base. It also runs the ‘Meatless Monday’ program.

In December 2019, Atlantic Natural Foods announced the launch of its award-winning plant based Chipotle Bowl Meal Solution in over 500 Costco stores throughout North America. This introduction helped the company achieve 100% growth for the FY 2019-20.

In July 2019, Dunkin Donuts announced it would be selling breakfast sandwiches using Beyond Meat’s Meatless Sausage line of products throughout Manhattan, New York City. The company also launched an e-commerce website in 2020 to increase its virtual presence.

Key Segments

Product Type

• Burger Patty
• Crumbles & Grounds
• Sausages
• Hot Dogs
• Nuggets
• Bacon Chips
• Deli Slices
• Chunks & Tips
• Shreds
• Cutlet
• Strips, Tenders & Fingers

Source

• Soy-based Protein
• Wheat-based Protein
• Pea-based Protein
• Canola-based Protein
• Fava Bean-based Protein
• Potato-based Protein
• Rice-based Protein
• Lentil-based Protein
• Flax-based Protein
• Chia-based Protein
• Corn-based Protein

Distribution Channel

• Retail

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Food Stores

• Online Retail
• HoReCa (Food Service Sectors)

Region

• North America (U.S & Canada)
• Europe & MEA (Germany, U.K., Italy, France, Spain, Rest of Europe & MEA)
• Latin America (Ex. Mexico) (Brazil & Rest of Latin America)
• Asia-Pacific (Greater China, South East Asia, Japan, South Korea, India and Australia & New Zealand)

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Key Questions Answered in the Report

How will plant based chicken market expand from 2020-2030?

The global plant based chicken market will reach US$ 8 Bn by 2030. Growth is underpinned by growing preference for plant-derived foods for maintaining good health. The market is set to register double-digit growth

What are the primary growth driver(s) of the market?

Increasing concerns regarding animal welfare combined with the emergence of the meat 2.0 revolution are expected to provide maximum traction to the global plant based chicken market in the forthcoming decade

What challenges are plant-based chicken market players facing?

Several analysts and critiques have highlighted the fact that plant based meat products are over-processed and manufactured from GMOs, thus posing a major threat to human health and environment. These products are alleged to increase saturated fat content which may prove harmful for the body

Which are the prominent players in the market?

Prominent players in the plant based chicken landscape are Ingredion Inc, Atlantic Natural Foods, LLC, Beyond Meat, Inc., Impossible Foods, Inc., CHS INC, Puris Proteins, LLC, Tyson Foods, Inc., and Gardein by Conagra Brands.

About FMI:

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

Contact Us:                                                      

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

The global citrus water market is projected to reflect strong growth in 2020 in spite of the widespread coronavirus outbreak. While lockdown restrictions have limited demand from the food service sector, lucrative opportunities have arisen for the short-term owing to the demand for functional beverages during the crisis period.

As per Future Market Insights (FMI) analysts, demand for citrus water will remain strong through 2028. Growth will be driven by clean label and health food trends.

Consumers are displaying increased interest in natural, and clean label beverage products, even as they transition away from conventional beverages such as sweetened carbonated drinks. Concerns associated to lifestyles ailments such as diabetes and obesity are contributing to the demand for functional beverages including citrus water.

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However, growth of the industry is likely to be hindered by factors such as higher cost of citrus water in comparison with conventional drinks, competition from homemade versions, and the consumer skepticism on health benefits of citrus water. Also, fluctuations in the yield and prices of citrus fruits owing to environmental factors could adversely affect the market in the years ahead.

The market report by Future Market Insights has contributed a detailed analysis of the industry, including key market influencers. Some of the top takeaways of the report are:

The citrus water market has been estimated to be valued at 6.7 billion in 2020, with growth remaining largely unaffected by the covid-19 outbreak and relevant restrictions on the food service industry. Premium citrus water products will surpass economic alternatives during the forecast period, owing to improvements in ingredient quality, coupled with higher disposable incomes. Tins are gaining attention from manufacturers as an increasingly popular packaging format for citrus water. However, conventional plastic bottles will remain dominant through 2028 supported by costs and logistical benefits. North America is currently a frontrunner in the global market, aided by the presence of leading market players, and higher consumer awareness. However, Europe, is expected to surpass North America by the end of the projection period, supported by robust retail distribution channels, and demand for functional beverages.

Covid-19 Effect on Citrus Water Market

The citrus water market is expected to continue an upwards trajectory, albeit slower through 2020, despite the threat of the ongoing coronavirus outbreak, reflecting a growth rate of 15.2% in 2020. The lockdown restrictions on the food service industry has been a major challenge for manufacturers, affecting demand in the short term.

On the other hand, the market has also witnessed some lucrative growth opportunities, as consumers seek to stockpile on food, beverages, and other essentials, with higher focus on functional foods and drinks to bolster immunity function during the crisis.

The market is likely to display higher growth towards 2021 as citrus water manufacturers are investing in new processing and packaging technologies, in line with sustainability initiatives, and changes in consumer preference towards natural and clean label products.

Who is Winning?

In a new report, Future Market Insights has made an in-depth scrutiny of business strategies being used by leading producers in the citrus water market. Leading manufacturers in the industry are emphasizing on product development and launch strategies, aimed towards the development of a larger flavor portfolio to appeal to wider consumer demographic.

Some of the top citrus water market players include Danone S.A., Nestle S.A., The Coca Cola Company, PepsiCo Inc., Suntory Beverages & Food Ltd., Super bock Bebidas, and Icelandic Water Holdings ehf among others.

Key Segments

Product Type

• Economic
• Premium

Source

• Lemon
• Orange
• Lime
• Grapefruit
• Mixed

Packaging Format

• Glass Bottles
• Tins
• Plastic Bottles
• Other

Distribution Channel

• Modern Trade
• Specialty Stores
• Convenience Stores
• Commercial Market
• Hotels/Restaurants/Bars
• Online Retailers
• Others

Regional Outlook

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Chile, Argentina, and Rest of LATAM)
• Europe (Germany, U.K., Russia, France, Italy, Rest of Europe)
• Japan
• Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand, and Rest of APEJ)
• Middle East & Africa (GCC Countries, South Africa, North Africa, Rest of MEA)

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Key Questions Answered in the Report

What is the size of the citrus water market?

The global citrus water market reached a valuation of US$ 5.8 billion in 2019. The citrus water market is projected reflect an exponential 17.1% CAGR between 2020 and 2028.

Which is the largest market for Citrus water?

North America is currently the largest market for citrus water, driven by the presence of leading market players, particularly in the United States.

Which are the top companies in global citrus water market?

Danone S.A., Nestle S.A., The Coca Cola Company, PepsiCo Inc., Suntory Beverages & Food Ltd., Super Bock Bebidas, Icelandic Water Holdings ehf, and Mountain Valley Spring Company, are among the more prominent citrus water market players.

What Sources are Used to Produce Citrus Water?

Citrus water products are largely derived from fruits such as lemons, limes, oranges, grapefruits, or a mixture. Lemon-based citrus water is expected to witness higher demand.

What packaging formats are popular for citrus water products?

Companies manufacture citrus water products extensively with 3 types of packaging – glass bottles, tins, and plastic bottles. The demand for citrus water in plastic bottles will remain relatively higher owing to cost and convenience benefits.

About FMI:

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

Contact Us:                                                      

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