Market Research Blog – Page 1506 – New Product Development

Strategic Growth in Bromine Market: USD 4.7 Billion by 2033 with a 6.3% CAGR

The global bromine market, valued at USD 2.53 billion in 2023, is projected to reach USD 4.7 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.3% over the forecast period. This robust growth is driven by increasing demand across various industries, including flame retardants, water treatment, and pharmaceuticals, coupled with advancements in production technologies and expanding applications in emerging markets. As environmental regulations tighten and the need for efficient water treatment and fire safety solutions rises, the bromine market is expected to experience sustained expansion through 2033.

Increased crop yields and modern agriculture have added to the need to store agricultural products for long periods of time, including vegetables, dried grains, cotton, and fruits. The effectiveness of many substances in controlling pests that degrade products stored for long periods of time has been studied.

Factors such as geopolitics, trade policies, and reserves of bromine can influence bromine availability and supply. The efficiency and cost-effectiveness of bromine supply can be impacted by technological advancements in bromine extraction and processing methods.

The use of bromine in power plants reduces air pollution. Coal combustion releases mercury into the atmosphere, and about 40% of global power still comes from coal. Scalable batteries based on bromine ions have been developed in newer technology. As an energy storage technology, bromine is preferred due to its abundance, cost, chemistry, and performance.

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Due to changes in consumer preferences, alternative materials can be developed that are free of brominated compounds. The overall economic health of regions and countries directly affects industrial activities and the demand for bromine.

The stable nature of bromine makes it an ideal choice for spas and jacuzzis. As an added bonus, bromine is much gentler on sensitive skin than chlorine. Process water is treated with bromine at major paper and pulp plants in a cost-effective and environmentally friendly manner. A Royal Society of Chemistry report states that bromine is being phased out as fire retardants and in agriculture as a result of toxicity concerns as well as environmental concerns.

Bromine resources in some African and Iranian salt lakes and lagoons have attracted the attention of a few companies. Developing and utilizing bromine resources is also possible in countries that make salt from seawater, like Australia and Mexico.

The Bohai Sea underground brine and sea salt field still uses domestic bromine production capacity as the main raw brine source. Bromine production capacity continues to decline because underground brines continue to diminish year after year.

Key Takeaways

Global bromine demand in the United Kingdom is expected to expand at a CAGR of 1.4% during the forecast period.
In the United States, the market is expected to reach US$ 1.3 billion between 2023 and 2033.
A growth rate of 2.3% is expected for organobromine over the forecast period.
China is projected to expand by 2.2% between 2023 and 2033.
By 2033, the bromine market in India is anticipated to expand at a CAGR of 2.4% during the forecast period.

“With the growth of oil and gas drilling activities, bromine demand will likely increase. Growing pesticide demand and pharmaceutical industries will drive the market.,” says an FMI analyst.

Competitive Landscape

As the bromine market has developed into a highly competitive environment since the beginning of this century, global demand has increased dramatically. As a result of its expanded and more cost-effective service offerings, the company will be better positioned to compete in an increasingly competitive market.

Market Developments Include

In Febraury 2023, TETRA Technologies, Inc. TETRA has published an S-K 1300 Section 19 Report on its Investor Relations website that provides engineering, cost, and revenue assumptions based on the development of Arkansas bromine assets. Continuing to assess its inferred bromine resources in Arkansas, the Company continues to make progress.
In September 2023, Australian-based Redflow Limited will lead the way in energy storage innovation. Commercial, industrial, and utility clients can benefit from Redflow’s zinc-bromine flow batteries that provide efficient and scalable solutions. ZBM3 Battery and Energy Pod are among the company’s flagship products.

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Top Key Players in the Global Market

Israel Chemicals Limited
Albemarle Corporation
Tosoh Corporation
Tata Chemicals Limited
LANXESS AG
Sumitomo Chemical Co.Ltd
Perekop Bromine
Archean Group
Jordan Bromine Company
Gulf Resources Inc.
Hindustan Salts Limited

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the bromine market, the market is segmented on the basis of Derivative Type (Organobromine, Clear Brine Fluids (CBF), Hydrogen Bromide) Application,(Biocide, Flame Retardant, Oil and Gas Drilling, Plasma Etching, PTA Synthesis, Fumigant Synthesis, Others) End Use (Oil and Gas, Chemicals, Pharmaceuticals and Cosmetics, Electronics & Consumer Goods, Textile, Medical, Agricultural and Pesticides, Automotive, Building and Construction, Water Treatment, Others) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East, and Africa).

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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5G Industrial IoT Market is Expected to Reach a High Valuation of USD 17,094.9 Million by 2033 | Future Market Insights, Inc.

The global 5G Industrial IoT market size is anticipated to exceed a valuation of USD 1,421.8 million in 2023. It is slated to achieve a valuation of USD 17,094.9 million by 2033. The market is projected to thrive at a monumental CAGR of 28.2% from 2023 to 2033.

The adoption of large-scale IoT solutions in industrial settings is made easier by 5G, which can handle a substantial amount of connected devices per unit area. The price of 5G infrastructure, devices, and services are anticipated to drop as the technology develops and is more extensively used. This cost decrease makes 5G industrial IoT more affordable for a wider spectrum of businesses and organizations, which stimulates market growth.

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By expanding into new geographical areas, several key players seek to expand their market share. This entails forming alliances with regional organizations, opening subsidiaries or offices, and customizing their products to satisfy the need of particular areas. Companies may tap into new consumer bases and acquire a competitive edge by expanding geographically.

For the 5G industrial IoT market to expand, it is essential to concentrate on client demands and offer specialized solutions. To ensure the effective deployment of their solutions, key companies invest in understanding client requirements, executing trial projects, and offering extensive support and services.

India is predicted to dominate the global market. There are several significant telecom firms in India, all of which have extensive infrastructure and experience. These businesses are actively engaged in 5G trials and investments, which may enable them to assume positions of power in the industrial IoT market.

India has a significant amount of institutes and organizations dedicated to high-technology research and development. These organizations help to strengthen India’s competitiveness by developing cutting-edge 5G solutions for industrial IoT applications.

Key Takeaways from the 5G Industrial IoT Market:

The global 5G industrial IoT market size developed at a CAGR of 26.1% from 2018 to 2022.
In 2018, the global market size stood at USD 443.5 million.
The 5G Industrial IoT market reached a valuation of USD 890 million in 2021.
The market size stood at USD 1,123.1 million in 2022.
In 2022, the solutions segment captured 45.20% shares in the global market.
In 2022, the large enterprise segment by organization size captured 61.2% of shares in the global market.
India captured 28.4% shares in the global market in 2022.

Key Players in the Global Market

Qualcomm
Ericsson
Nokia
Huawei
Cisco
AT&T
IBM
Microsoft
Seimens
Verizon

Recent Developments Observed by FMI:

In March 2022, Ericsson and Vodafone UK collaborated in harmony to develop a business plan for 5G SA. It included a single RAN for a high-transmission capacity and low-inertness network that could be used for a computer-generated reality use case in a retail setting.
Tech Mahindra and Cisco announced their partnership in March 2022 intending to modernize 5G infrastructure through routed optical networking. Tech Mahindra has experience with IP-based, software-driven 5G networks, whereas Cisco has experience with routed optical fiber.

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5G Industrial IOT Market: Segmentation

By Component:

Hardware
Solutions
Services

By Organization Size:

SMEs
Large Enterprises

By Application:

Predictive Maintenance
Business Process Optimization
Asset Tracking and Management
Logistics and Supply Chain Management
Real-time Workforce Tracking and Management
Automation Control and Management
Emergency and Incident Management, and Business Communication

By End User:

Process Industries
Discrete Industries

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East & Africa (MEA)

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Food Safety Testing Services Market to Expand US$ 30.06 Billion by 2033, Growing at a 7.0% CAGR | FMI

The global food safety testing services market value is likely to jump from US$ 15,836.90 million in 2023 to US$ 30,061.73 million by 2033. This anticipated growth is expected to be driven by a steady CAGR of 7.0% in food safety testing services demand over the next decade.

Although comprising the last component of the food manufacturing process, testing food items is considered an extremely important phase. Food product testing is required to ensure that the food is safe to eat and free of physical, chemical, and biological hazards.

The food safety testing services market is heavily regulated. This industry utilizes both classic methods, such as culture-based and immunoassays, as well as novel approaches, such as DNA-based and fast testing.

With the rising food sector and increased concern about food safety, the food safety testing market is positioned for continuing success and expansion. The development of cost-effective and novel testing technology is going to be critical to its continuing success, ensuring that people can have trust in the food they eat.

Individuals who have growing sensitivity to allergens such as gluten and dairy are propelling allergy-free product development globally. As a result, allergy-free products have been introduced, with manufacturers frequently testing packaged and processed food items to trace particles.

Chemical testing in organic food products is also becoming more popular in the market as a result of firms testing these products all over the world for evidence that they contain listed or banned chemicals in order to meet the requirements of different country-level regulatory organizations.

The food business in developing countries is extremely fragmented, posing a higher risk of contamination. Food control systems may be split across national, state, and local organizations, and the efficacy of their execution is dependent on the power and effectiveness of the organization in charge at each level. Consumers are unlikely to be safeguarded to the same level across the country, and evaluating the success of initiatives by national, state, or municipal authorities can prove difficult.

With increased illness occurrences and public awareness of foodborne diseases worldwide, the present food safety testing industry is transitioning toward quick culture-independent molecular or microbiological testing methods. Rising consumer fascination with food quality has spurred significant technological improvements, propelling the food safety testing industry in emerging and developed countries.

“With the development of processed and composite food products, the potential for contamination and safety risks also grows. This trend is set to propel revenue growth in the food safety testing service industry, presenting a significant opportunity for providers,” opines a lead food and beverage analyst at FMI.

Key Takeaways from the Food Safety Testing Services Market:

In 2022, the United States asserted its dominance in the food safety testing services industry, boasting a commanding 26.1% global market share.
The food safety testing services industry in the United Kingdom is poised for substantial growth, with a projected CAGR of 4.4% through 2033.
3.3% market share was recorded in the Japan food safety testing services sector in 2022.
India’s rapid development in the food safety testing services industry is evident through its projected CAGR of 6.2% during the forecast period.
Germany exhibited a 6.7% share of the global food safety testing services industry in 2022.
China is anticipated to rise speedily in the food safety testing services industry, with a projected CAGR of 10.7% over the forecast period.

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Key Players and Strategies for Success in the Food Safety Testing Services Market

The food safety testing services industry has evolved as a vibrant and fast-increasing segment of the global food safety market in recent years. Leading firms in this ever-evolving landscape adopt several kinds of approaches to address the changing desires of customers and create a presence in a market that is becoming increasingly competitive. The following are essential aspects concerning key competitors and success methods in the food safety testing services market:

Putting resources into research to create unique and effective food safety testing services.
Construct effective branding and marketing initiatives to stand out in a competitive market.
Remain informed on rules and verify that the products comply with regulatory criteria.
Establish relationships with food service companies to increase distribution.
Remain adaptive to shifting consumer demands and prevailing market trends.

Recent Developments in the Food Safety Testing Services Market

In March 2022, Bureau Veritas opened its sixth Canadian Microbiology library in Winnipeg, Manitoba. The new laboratory is going to supply both quick pathogen testing and indicators.

In February 2021, SGS SA confirmed a collaboration with RLP AgroScience. The aim is to enable complicated personalized tests for pesticide, chemical, biocide, and medication/veterinary drug ecological and human safety evaluations.

Key Companies Profiled in the Global Food Safety Testing Business Report

Accugen Laboratories
Adpen Laboratories
Aegis Food Testing Laboratories (Vanguard Sciences)
ALS Limited
Asureuality Limited
Avomeen Analytical Services
Bio-Rad Laboratories
Bureau Veritas SA
Campden BRI
Det Norske Vertias AS (DNV)
EMSL Analytical Inc.
Eurofins Scientific
Exova Food Hygiene & Health Laboratory
Genon Laboratories Ltd.
Idexx Labora

Key Segments of Food Safety Testing Services Industry Survey

By Test:

Allergen Testing
Chemical and Nutritional Testing
Genetically Modified Organism Testing
Microbiological Testing
Residue and Contamination Testing
Others

By Application:

Meat, Poultry and Seafood Products
Dairy and Dairy Products
Beverages
Processed Food
Cereals & Grains

By Technology:

Polymerase Chain Reaction (PCR)
Immunoassay-based
Chromatography and Spectrometry
Other Technologies

By Region:

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

About Future Market Insights (FMI)

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Glutamic Acid Market to Grow US$ 15.79 Billion by 2033, Driven by Rising Use in Food and Pharmaceuticals, with a 4.7% CAGR

The global glutamic acid market size is estimated to be valued at US$ 10,160.6 million in 2023. The overall demand for glutamic acid market is poised to grow at a steady CAGR of 4.7% between 2023 to 2033, totaling a market valuation of US$ 15,787.8 million by 2033.

The glutamic acid market has enormous development potential due to rising demand from end-use sectors such as animal feed, medicines, and food and beverages, among others. Another application of glutamic acid is as a flavor enhancer in processed foods, which will boost glutamic acid market expansion in the approaching years.

Consumer demand for healthier foods is propelling the worldwide glutamic acid sector forward. Glutamic acid is a food enhancer that has many health benefits. Furthermore, the public globally favors healthful diets, which increases the need for glutamic acid. Increased use of energy drinks and processed and packaged foods are important drivers driving worldwide glutamic acid market growth.

The price of glutamic acid has risen due to rising demand in the livestock nutrition and food and beverage industries. Glutamic acid is used in the personal care and cosmetics industries to alter the pH of cosmetics and personal care products. It can be utilized in anti-aging creams, infant merchandise, eye cosmetics, hair care products, cosmetics, and bath products. It is used in anti-aging and acne lotions because of its ability to improve skin health, inhibit free radical damage, and preserve moisture.

Glutamic acid is used in pharmaceutical applications to treat a wide range of diseases in humans, including epileptic seizures, muscular atrophy, neurotransmission imbalances, and cognitive and behavioral problems, as well as to avoid nerve damage during chemotherapy. Favorable government policies supporting the pharmaceutical industry, as well as increasing private firm investment, are projected to promote the pharmaceutical industry, boosting glutamic acid usage in the coming years.

Excess glutamic acid consumption has a deleterious impact on normal health. This can result in nasal swelling, skin irritation, migraines and nausea. Additionally, a high glutamic acid intake causes allergic reactions, throat swelling, skin burning, and other health problems. These elements have an adverse effect on the glutamic acid market. However, the physician-recommended limited consumption of glutamic acid in supplement nourishment is likely to outweigh the concerns about glutamic acid’s unfavorable side effects.

Key Takeaways

The glutamic acid industry in the United States was predicted to hold a value share of 26% globally in 2022.
The glutamic acid market in the United Kingdom is projected to be expanding at a CAGR of 5.1% from 2023 to 2033.
During the forecast period, the market for glutamic acid in China is expected to secure a 11.4% CAGR.
The value share of the glutamic acid industry in Japan was estimated to reach 3.6% in 2022.
India’s glutamic acid industry is predicted to move forward at a 3.1% CAGR during the forecast period.

Competition in the Market

The presence of multiple established competitors in the glutamic acid market share is very competitive. To capitalize on market growth prospects, these organizations are focusing on increasing their footprint through acquisitions, expansions, product approvals, and launches.

Evonik Industries AG, KYOWA HAKKO BIO CO., LTD., Sichuan Tongsheng Amino acid Co., Ltd, Ningxia Eppen Biotech Co., Ltd, Global Bio-chem Technology Group Company Limited., Otto Chemie Pvt are the key players operating in the market.

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Recent Developments

Iris Biotech brought out its photoaffinity labeling by diazirine building blocks suitable for the analysis of protein-protein and RNA-protein interactions in June 2023.
In June 2023, Bachem, a leading company in developing peptides and oligonucleotides, explained their use of Solid Phase Peptide Synthesis (SPPS).

Key Segments Profiled in the Glutamic Acid Industry Survey

Glutamic Acid Market by Application:

Food additives
Pharmaceuticals
Animal & Pet Food

Glutamic Acid Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Global Fluoropolymer Film Market to Reach USD 3.7 Billion by 2034, Driven by a 5.9% CAGR

Fluoropolymer films have become an increasingly popular material across various manufacturing operations, thanks to significant refinements in their development in recent years. According to Future Market Insights, the advancements have led to a notable rise in the significance and sales of fluoropolymer films, which were valued at USD 2.01 billion in 2023.

Fluoropolymer films, composed of fluorine and carbon, possess high-performance properties, resistance to chemicals and moisture, non-stick properties, and optical transparency, making them ideal for a wide range of applications. Due to these properties, the sales of fluoropolymer films are currently at their peak, and the global fluoropolymer film market size is estimated to be around USD 2.09 billion in 2024, with sales projected to report a CAGR of 5.9% over the forecast period.

The need for fluoropolymer tapes is widespread in various industries due to their chemical and thermal resistance, low friction coefficient, and high dielectric strength. These tapes find applications in multiple industries, including electrical, electronics, construction, automotive, aerospace, and healthcare. In particular, the healthcare sector is witnessing a surge in the use of fluoropolymer films, fueled by rising healthcare investments and widespread use in these sectors.

The versatility of fluoropolymer films makes them an essential material in various industries, and their increasing demand and adoption are expected to drive the market’s growth. With an anticipated market value of USD 3.7 billion by 2034, the future looks bright for this high-performance material.

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The current state of the industry shows that the military sector has a considerable growth in demand for fluoropolymer films. Such trend is anticipated to continue in the near future. Because of their exceptional technical qualities, such as their clarity, UV stability, moisture barrier, chemical inertness, and non-yellowing chemistry, fluoropolymer films are a perfect choice for packaging a variety of defense sector items. In the near future, the demand for fluoropolymer films is anticipated to develop due to such special qualities.

“The need for tapes for commercial construction and pharmaceutical packaging is anticipated to fuel growth in the fluoropolymer film market. These films have good electrical insulating qualities, a low dielectric constant, and resilience to heat and chemicals. On the other hand, negative environmental effects including air and water pollution and land degradation, as well as health and environmental risks like hazardous substances like PFOA, may prevent market expansion,” says an analyst of Future Market Insights.

Key Takeaways from the Fluoropolymer Film Market Report

The fluoropolymer film industry demands Polytetrafluoroethylene (PTFE) with a revenue share of 34.2% in 2024.
In 2024, the fluoropolymer film market is estimated to be utilized by the packaging industry at 27.9%.
The fluoropolymer film industry in Canada is anticipated to see a CAGR of 3.6% from 2024 to 2034.
The fluoropolymer film sector in Germany is projected to showcase a CAGR of 2.8% through 2034.
The fluoropolymer film market in India is anticipated to display a CAGR of 8.8% during the forecast period.

Competitive Analysis of the Fluoropolymer Film Sector

The fluoropolymer films industry is extremely concentrated and dominated by a small number of key suppliers. Leading corporations are making significant investments in research and development to produce cutting-edge products for final consumers. To obtain a competitive edge, they concentrate on capacity growth, mergers, and acquisitions. In order to create cutting-edge fluoropolymer compositions and diversify their product offerings, they also fund research.

There is fierce rivalry in the industry when it comes to cost, value, and customer support. As businesses work to provide sustainable fluoropolymer solutions, environmental laws and technological breakthroughs heighten competition. Prominent corporations are adopting calculated risks to fortify their market positions. These risks include investing in sustainable fluoropolymer technology, forming strategic alliances to broaden their product offerings, and conducting research and development to introduce innovative fluoropolymer formulations.

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Recent Development in the Fluoropolymer Film Sector

Based on Datwyler’s FirstLine idea, Datwyler Healthcare announced UltraShield in April 2023. UltraShield is a fluoropolymer film coating technique that improves quality and performance for injectable medicine elastomeric closures.

Leading Fluoropolymer Film Players

The Chemours Company
Arkema Group
Solvay SA
DAIKIN INDUSTRIES Ltd.
Asahi Glass Co. Ltd.
3M Company
Saint Gobain S.A.
Polyflon Technology Ltd.
Dongyue Group Ltd
Honeywell International Inc.

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Genetically Modified Food Market to Grow US$ 196.52 Billion by 2033, Registering a 6.5% CAGR Driven by Rising Demand for Nutrient-Rich Foods

The market for genetically modified food is anticipated to expand significantly between 2023 and 2033, with a CAGR of 6.5%. The market value significantly increased from US$ 109,173.6 million in 2023 to US$ 196,516.8 million in 2033, reflecting this expansion. The market’s observed CAGR of 5.8% from 2018 to 2022 denotes a consistent rate of growth, while the projected CAGR emphasizes a promising rise, highlighting the market’s potential for growth and profitability in the years to come.

Due to a number of variables, the market for genetically modified foods has recently attracted a lot of interest. The rising global population, which has increased demand for food production, is one of the main causes. In order to fulfill the growing need for food, genetically modified crops provide better features, including increased production, resistance to pests and diseases, and tolerance to environmental conditions.

The market does, however, have some limitations and difficulties. Consumers and regulatory agencies have worries about the safety of genetically modified organisms (GMOs) and their possible environmental effects. Companies operating in this industry face difficulties due to more stringent rules and labeling requirements. In addition, barriers to commercial expansion include the complicated intellectual property landscape and ethical issues regarding GMOs.

The genetically modified foods industry offers several options despite these obstacles. There is potential for creating crops with enhanced characteristics, nutritional value, and flavor profiles thanks to advancements in genetic engineering technology. Consumer acceptance of genetically modified products is growing in certain areas, creating new market niches. Additionally, the opportunity to solve challenges with food security, cut back on agricultural inputs, and improve sustainability presents great prospects for businesses working in this industry.

Key Takeaways

In the United States, the market is growing at a CAGR of 23.3% in 2022.
The quest for sustainable and high-yielding crops is expected to increase demand for genetically modified food in the United Kingdom by 25.3% annually by 2033.
Due to the government’s emphasis on increasing agricultural output through genetic modification, the market in India is predicted to develop at a CAGR of 4% by 2033.
The need to address issues with food security and increase crop resilience in the face of changing climatic circumstances is expected to drive the expansion of the genetically modified food industry in China, with a CAGR of 11.1% by 2033.
Japan’s market registered a compound annual growth rate of 3.7% in 2022.

Competitive landscape

The market for genetically modified food is characterized by fierce rivalry between major manufacturers vying for market dominance. In the market, notable rivals include DowDuPont Inc., Syngenta AG, Bayer CropScience AG, Monsanto Company, and BASF SE. These businesses carry out considerable research and development to increase agricultural productivity, disease and insect resistance, and nutritional characteristics. They create and market GM seeds and plants, primarily maize, soybeans, cotton, and canola.

Technological breakthroughs, regulatory frameworks, consumer acceptability, and environmental concerns are some of the variables that influence the competitive environment. In the manufacture of genetically modified foods, market participants also work to assure openness, sustainability, and adherence to safety requirements.

Key Companies Profiled

DuPont

Syngenta

Bayer Crop Science

Sakata

BASF Gmbh

Group Limagrain

KWS SAAT SE

Dow Chemical Company

Jivo Wellness Pvt. Ltd.

Ambar Protein Industries

Recent Developments:

Company Monsanto is known for creating genetically engineered seeds, such as Bt cotton and Roundup Ready soybeans, to increase agricultural production and pest resistance.
For a variety of crops, Syngenta AG offers genetically engineered characteristics for disease resistance, insect resistance, and herbicide tolerance.
To increase production and sustainability, Bayer CropScience AG creates genetically modified crops, including insect-resistant maize and herbicide-tolerant soybeans.
For crops like maize and soybeans, DowDuPont Inc. offers genetically modified features with an emphasis on traits for insect resistance, herbicide tolerance, and improved nutritional value.
As a means to address agricultural issues and enhance crop performance, BASF SE specializes in genetically modified crops, such as insect- and herbicide-resistant potatoes and herbicide-resistant soybeans.

A Detailed Full Report:

Key Segments Profiled in the Genetically Modified Food Industry Survey

Genetically Modified Food by Type:

Maize
Soybean
Canola
Cotton
Other

Genetically Modified Food by Trait:

Herbicide Tolerance (HT)
Insecticide Resistance (IR)
Stacked Traits (ST)

Genetically Modified Food by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Fruit Snacks Market Expected to Surge USD 11.12 Billion by 2032, Growing at a 7.4% CAGR Driven by Health Trends and Fiber Demand

The global fruit snacks market is poised for substantial growth, forecasted to reach a value of US$ 11,120 million by 2032 from US$ 5,456 million in 2022, reflecting a robust CAGR of 7.4%. This growth trajectory underscores increasing consumer demand for nutritious, convenient snack options enriched with essential vitamins and minerals.

The market’s expansion is primarily driven by a rising awareness of health benefits associated with fruit consumption, including immunity-boosting properties and fiber enrichment. Consumers globally are shifting towards healthier lifestyles, prioritizing natural and minimally processed foods, which is propelling the demand for fruit snacks.

Regional Insights

Leading the charge with a 33.6% market share in 2022, North America benefits from strong product innovation and investments in health-focused snacking options. Companies like General Mills are spearheading sustainable agriculture initiatives, further enhancing market growth.

Holding a significant 40.2% share of the global market, Europe’s growth is supported by advancements in food technology and a burgeoning food and beverage industry. Government initiatives promoting healthy eating habits are amplifying consumer interest in fruit snacks across the region.

Emerging as a lucrative market, the Asia Pacific region is witnessing rapid adoption of fruit snacks driven by increasing disposable incomes and changing consumer preferences. Countries like China and India are pivotal, with a rising inclination towards convenient, nutrient-rich snack choices.

Challenges

Despite robust growth prospects, challenges such as consumer concerns over processed foods and fluctuating raw material costs pose potential hurdles. However, ongoing innovations in sustainable packaging and intensified R&D efforts are mitigating these challenges, fostering market resilience.

Key Players and Innovations

Global leaders including Welch Foods Inc., General Mills Inc., and Kellogg Co. are at the forefront of market expansion through product diversification and strategic partnerships. Innovations such as SunOpta’s eco-powered innovation center and Kellogg’s collaborative ventures are driving product excellence and market penetration.

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MENA Frozen Food Market Set to Grow USD 1.86 Billion by 2033, at a CAGR of 2.5%, Driven by Convenience and Cold Chain Innovations

The Middle East and North Africa (MENA) frozen food market is on a trajectory of significant growth, with its value expected to reach US$ 1,453.2 million in 2023. Forecasts predict a steady Compound Annual Growth Rate (CAGR) of 2.5% from 2023 to 2033, ultimately achieving a market value of US$ 1,863.40 million by the end of the forecast period. This substantial growth presents a compelling opportunity for investors looking to capitalize on the burgeoning frozen food sector.

Driving Forces Behind The MENA frozen food market’s Growth

Rising Demand for Convenience Foods: As modern lifestyles become increasingly hectic, consumers are seeking quick and easy meal solutions. Frozen foods offer a convenient alternative to traditional cooking, saving time and effort without compromising on quality.
Technological Innovations in Cold Chain Logistics: Advancements in cold chain logistics ensure the efficient and safe transportation of frozen goods, maintaining product integrity and extending shelf life. This has enhanced the availability and appeal of frozen food products across the region.
Advancements in Retail Outlets: The proliferation of modern retail outlets, including supermarkets and hypermarkets, has made frozen foods more accessible to consumers. Improved storage and display facilities further boost consumer confidence in these products.

Consumer preferences are evolving, with a growing emphasis on health and quality:

Health Awareness: Increased health awareness is prompting consumers to spend more on premium frozen food options that offer nutritional benefits.
Ready-to-Eat Meals: The ready-to-eat (RTE) segment is reshaping food consumption patterns, projected to grow at a CAGR of 4.9% through 2033. These meals cater to consumers’ need for convenience, speed, and nutrition.
Private Label Products: Budget-conscious consumers are drawn to private-label products, enhancing market expenditure on frozen foods.
Online Grocery Discounts: E-commerce platforms offering discounts and subscription services are boosting spending on frozen foods.
Innovative Packaging: User-friendly packaging solutions are encouraging higher expenditure on frozen foods.
Promotions and Loyalty Programs: Special offers and loyalty programs are driving sales in the frozen food sector.

Regional Insights and Market Dynamics

Saudi Arabia and Egypt are key markets within the MENA region, driven by expanding urban populations and increasing disposable incomes. The shift towards low-trans-fat and high-nutritional food preferences is further stimulating demand for frozen foods.

The market’s growth is bolstered by the expansion of the foodservice industry, with restaurants, hotels, and resorts increasingly incorporating frozen food products into their menus. The adoption of efficient procurement strategies for imported frozen food items is also contributing to market expansion.

Sustainability and Regulatory Challenges

The frozen food industry faces sustainability challenges due to the significant use of packaging materials. Manufacturers must navigate these environmental concerns while complying with stringent food safety regulations. Sustainable packaging solutions and innovative approaches are crucial for maintaining product quality and meeting consumer demands.

Competitive Landscape and Innovations

The MENA frozen food market is highly competitive, with both regional and international players investing in research and development to innovate their product offerings. Key market players include:

Aryzta A.G.
Ajinomoto Co. Inc.
Cargill Incorporated
General Mills Inc.
JBS S.A.
Kellogg Company
The Kraft Heinz Company
Nestle S.A.
ConAgra Brands, Inc.
Associated British Foods Plc.

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Recent innovations include:

Seara: In August 2022, Brazilian food manufacturer Seara introduced a range of halal frozen food products in Saudi Arabia.
Simplifine: In January 2022, Simplifine expanded its product portfolio with a new production line for frozen French fries in Kenya.
Nomad Foods: In April 2022, Nomad Foods launched an open innovation site to scale up its production of frozen mussels and other bivalve goods.
Al Islami Foods: In March 2021, Al Islami Foods introduced a new category of frozen halal dough products, starting with frozen paratha.

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Flax Seed Meal Market to Surge US$ 18.6 Billion by 2033, Driven by Nutritional Benefits and Diverse Applications, with a CAGR of 6.2%

The flax seed meal market revenue is projected to experience a moderate CAGR of 6.2% from 2023 to 2033. This growth rate surpasses the 5.6% CAGR observed between 2018 and 2022, indicating a notable surge in demand for flax seed meal. As a result of this increased demand, the market value is expected to rise significantly from US$ 10,517.7 million in 2023 to US$ 18,613.0 million by 2033.

The flax seed meal market has grown significantly in recent years, owing to various causes. One of the primary drivers is the rising consumer awareness of the health benefits of flax seeds, including their high omega-3 fatty acid content, fiber content, and antioxidant properties. Flax seed meal is widely used as a functional ingredient in various food and beverage products, providing nutritional value and desirable texture. This increased demand for flax seed meal highlights its growing popularity among health-conscious consumers and the food industry.

There are, nevertheless, certain constraints and hazards to consider. One concern is the presence of anti-nutritional chemicals like cyanogenic glycosides, which can be harmful when consumed in excessive amounts. This underscores the importance of moderate consumption and proper processing to minimize potential risks. Additionally, the fluctuating pricing and availability of flax seeds can pose challenges to the market expansion.

Despite the obstacles mentioned earlier, the flax seed meal industry offers several prospects. The rising popularity of plant-based and gluten-free foods has created a favorable market climate for flax seed meals. Additionally, the growing adoption of vegan and vegetarian lifestyles, along with the rising trend of incorporating superfoods into diets, opens up avenues for market expansion. To ensure a consistent and stable supply of flax seeds, market participants can capitalize on these opportunities by:

creating novel flax seed meal-based products
researching reducing anti-nutritional factors
improving supply chain management

Overall, the flax seed meal market exhibits excellent development potential, driven by the increasing consumer interest in health and well-being.

Key Takeaways

In 2022, the United States accounted for 21.2% of the global flax seed meal industry.
The United Kingdom is projected to experience a CAGR of 5.4% by 2033, primarily attributed to the increasing consumer awareness of the nutritional benefits associated with flax seeds.
The flax seed meal industry in India is anticipated to grow at a steady CAGR of 3.7% by 2033. This reflects a consistent growth trajectory as more people in the country are seeking better nutritional alternatives.
The China flax seed meal industry is expected to develop at a CAGR of 11.7% by 2033, driven by a growing health-conscious population and a desire for natural and functional food ingredients.
In 2022, Japan flax seed meal industry accounted for a 4.6% share in the global flax seed meal industry.

Competitive landscape

The competitive landscape of the flax seed meal market is marked by several significant competitors competing for market presence. Bob’s Red Mill Natural Foods, Nature’s Path Foods, Spectrum Naturals, NOW Foods, and Hodgson Mill are among the prominent rivals in this market. These businesses offer a variety of flax seed meal products, catering to consumer demand for both nutrition and taste. They focus on product development, quality assurance, and brand awareness to distinguish themselves in the market. As customer interest in incorporating flax seed meal into their diets continues to rise, these players are consistently innovating and implementing marketing strategies to capture a larger share of the flax seed meal market.

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Recent Developments:

Archer Daniels Midland Company unveiled Onavita, an innovative and fully refined flaxseed oil that is completely non-GMO. This product offers a cost-effective solution for customers seeking to incorporate trendy and heart-healthy ingredients into their diets. Onavita flaxseed oil is enriched with non-GMO plant-sourced Omega-3s, essential polyunsaturated fatty acids vital for human nutrition.

Good Karma Foods, a company specializing in plant-based milk and yogurt, unveiled a fresh range of improved flaxseed milk available in three convenient ready-to-drink formats. This strategic move allows the brand to venture into new usage scenarios and retail channels, including e-commerce.

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Bread Crumbs Market Expected to Grow US$ 1,961 Million by 2033, With a CAGR of 7.1% | FMI

The global bread crumbs industry is on a significant upward trajectory, projected to grow from US$ 987.6 million in 2023 to an impressive US$ 1.96 billion by 2033, reflecting a robust CAGR of 7.1% over the forecast period. This growth is driven by the rising demand for processed and convenience foods, as well as innovative solutions to reduce bread waste.

Bread waste management is a major challenge for bakeries worldwide, often leading to the production of bread crumbs. Researchers have developed novel extrusion cooking methods to efficiently process bread waste into bread crumbs, contributing to market growth. According to the Journal of Cereal Science, bakery products’ estimated wastage ranges from 7% to 10% of total production.

Bread crumbs are increasingly used as a special ingredient in the global food industry, particularly for creating crunchy and crispy coatings in breading formulations for baked or fried food items. This trend is expected to drive the market further in the coming years.

“The bread crumbs market is witnessing remarkable growth due to their versatile applications in the food industry,” opines Nandini Roy Choudhury, Client Partner at Future Market Insights. The ability to reduce bread waste and the increasing demand for convenience foods are key factors propelling this market forward.

Regional Insights:

North America: The United States is a crucial market, holding more than 24.1% of the market share and expected to grow at a CAGR of 4.8%. The high consumption of chicken and pork products, which require bread crumbs for texture and flavor enhancement, is driving this growth.
Europe: The United Kingdom holds over 16.8% of the European market share, with a projected CAGR of 5.3%. The demand for frozen food and bread crumb coatings to retain moisture and flavor during heating is boosting market growth.
Asia Pacific: China dominates the East Asia market with a share of over 46.8%, and a CAGR of 11.6%. In South Asia, India is driving growth due to rapid urbanization and increased consumer income. The rising consumption of processed meat and ready-to-eat foods is expected to spur demand for bread crumbs.

Market Dynamics:

Bread crumbs are widely used in processed foods to enhance texture, flavor, and shelf life. They are made with seasonings, starch, and flour, providing a desirable coating for various food products. Innovations in food technology and sustainable practices are encouraging manufacturers to invest in research and development to meet surging customer demand.

Product Innovations and Strategic Initiatives:

Leading players in the bread crumbs market, such as Hearthside Food Solutions, Associated British Foods, and Progresso (General Mills), are focusing on product innovation and capacity expansion to cater to growing demand. For instance, Carrington Farms introduced Keto Bread Crumbs in June 2022, targeting keto, low glycemic, and gluten-free consumers.

For instance,

In June 2022, Carrington Farms introduced a new product called Keto Bread crumbs . The new non-GMO and plant-based bread crumbs provide consumers with the satisfying crunch of traditional bread crumbs while appealing to keto, low glycemic dietary prescribers, as well as gluten-free consumers. Carrington Farms’ new product is a one-of-a-kind combination of coconut flour and ground lupin bean.

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