Market Research Blog – Page 1510 – New Product Development

Compact Wheel Loaders Market Worth USD 6,322.1 million by the end of 2033 with 5.04% CAGR | FMI Reports

The compact wheel loaders market is likely to reach a valuation of USD 3,866.7 million in 2023. According to FMI estimation, the market is anticipated to expand at a 5.04% CAGR from 2023 to 2033 and is predicted to value at USD 6,322.1 million by the end of 2033.

A huge range of industrial applications like loading and off-loading, landscaping, digging, and material handling might be used in congested areas accelerating the growth of the market.

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Compact size, comprising multiple attachment compatibility with high versatility, easy maneuverability, and an increase in conveyance capacity are the factors expected to raise the market. Also, the surge in demand can be found in these automotive machines leading to construction, forestry industries, material management, and agriculture.

Upgradations in compact wheel loaders expand their profitable opportunities to the market players in the forecast period. Moreover, the rise in investments thus upgrades the growth of the compact wheel loaders market.

Key Takeaways from the Compact Wheel Loader Market Study

The compact wheel loaders market is anticipated to raise the demand, expanding at a CAGR of 3.3% during the forecast period of 2022 to 2029.
Dominant sales in the global compact wheel loaders market expanded at a CAGR of 2.3% between 2014 and 2021.
China is anticipated to emerge as a highly dominant market, with sales in contribution of 13.9%
FMI says that Germany holds a market share of 33% and is expected to account for a significant share.
Dominant growth can be seen in the United States with a value share of 42.2%.
Compact track loader segment is anticipated to account for a significant share of 54.9%.
Global compact wheel loader market is segmented into construction, agriculture and forestry, industrial, and utilities with a market share of 67.9%.

“Burgeon residential construction and infrastructural development activities are the important drivers of the global compact wheel loader market”, – comments a Future Market Insights analyst.

Competitive Scenario:

Leading manufacturers in the global compact wheel loader market are aiming at launches of advanced automotive types of machinery to enhance their product portfolio and gain a competitive edge. Besides this, some of the companies are focusing on entering into strategic collaboration, merger, and acquisition with other players to expand their market share.

Leading players operating in the global Compact Wheel Loader Market are-

Komatsu Ltd., Caterpillar Inc.
Wacker Neuson Group
Deere & Company
KUBOTA Corporation
CNH Industrial N.V.
Xuzhou Construction Machinery Group Co. Ltd.
Hitachi Construction Machinery Co. Ltd.
Volvo Construction Equipment
Yanmar Holding Co. Ltd.
Doosan Corporation
Liebherr Group
Takeuchi Mfg. Co. Ltd.
Avant Tecno Oy
TOBROCO-GIANT
MECALAC
Schäffer Maschinenfabrik GmbH.

For instance,

In July 2023, Liebherr is going to be represented at Steinexpo 2023 from 2023 to 2026 August 2023 with over ten machines from its earthmoving and mining product segments.

The main focus of Liebherr’s presence might also be on alternative drives. The latest developments like several crawler excavators, an articulated dump truck, the largest Liebherr wheel loader as well as other wheel loader models, dozers, and a mining excavator will be on display on Liebherr’s main booth, which covers around 1,200 m2.

In January 2023, Hitachi, Ltd. announced that it has been bolstering the global development of its line-building business leveraging industrial robots (“the robotic SI*1 business”). Additionally, it could merge Hitachi Automation, Ltd. (“Hitachi Automation”) and Kyoto Robotics Corporation (“Kyoto Robotics”), Hitachi Group companies in Hitachi’s Industrial Digital Business Unit, on April 1, 2023, to strengthen the robotic SI business in Japan and ASIAN countries.

Detailed Market Study: Full Report and Analysis

Compact Wheel Loader Market Segmentation

By Product:

Compact Track Loaders
Skid Steer Loaders
Backhoe Loaders
Wheeled Loaders

By Application:

Construction
Agriculture & Forestry
Industrial
Utilities

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
The Middle East and Africa (MEA)

About Future Market Insights (FMI)

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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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Retread Tire Market Forecasted to Achieve USD 20 Billion by 2033 with a Consistent 6% CAGR | FMI Reports

The global retread tire market is anticipated to reach USD 11.2 billion in 2023 and is expected to be worth USD 20 Billion by 2033, trailing a CAGR of 6% during the forecast period.

The market is expected to experience significant growth, primarily influenced by the increasing prices of new tires, particularly for sports utility vehicles. This trend can be attributed to the rise in natural rubber costs and the volatility of crude oil prices. Additionally, the expanding number of commercial vehicles in operation worldwide is projected to be a major driving force for market growth.

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Tire manufacturers have shown a strong interest in exploring new opportunities and meeting the growing market demand for tire retreading. They are increasingly recognizing the significance of this technology and its rising popularity among consumers. As a result, major tire manufacturers have initiated research and development efforts to align with this market trend and fulfill the demands of retread tire users.

In September 2021, Bridgestone Corporation unveiled its latest commercial vehicle portfolio, showcasing cutting-edge mobility solutions and tire retreading concepts. Notably, the company highlighted the Bridgestone Duravis R002 premium tire, which stands out for its exceptional wet grip, optimal fuel efficiency, and durable carcass. Bridgestone expects that this retreaded tire will meet the demands of commercial vehicle users, offering high performance and reliability.

The tire retreading market is set to be propelled by the eco-friendly characteristics of retreaded tires and their cost-effectiveness compared to new tires. Retreading is known for its environmentally friendly nature, as it allows manufacturers to reuse existing tires, reducing the need for landfill space. Retreading helps decrease carbon dioxide emissions and saves significant quantities of oil that would otherwise be used in the production of new tires. These factors contribute to the sustainability and conservation of resources in the tire industry.

Key Takeaways from the Retread Tire Market Report:

United States retread tire market is expected to grow with a CAGR of 5.8% during the forecast period.
The market in China is expected to grow with a CAGR of 6.2% during the forecast period.
By vehicle type, heavy commercial vehicle is projected to dominate the retread tire market. It is expected to grow with a significant CAGR of 6.5% during the forecast period.
By process, pre-cure retreading segment is expected to grow with a CAGR of 6.6% throughout the forecast period.

Competitive Landscape:

The retread tire market is highly competitive, with several key industry players investing heavily in the production of these tires.

The key industry players are Continental AG, MRF, YOKOHAMA RUBBER COMPANY, Rosler Tech Innovators, Michelin, Bridgestone, The Goodyear Tire & Rubber Company, Carloni Tire, JK TYRES, Eastern treads, Nokian tyres plc, KRAIBURG Austria Gmb, Pilipinas Kai Rubber Corporation, Kit Loong Commercial Tyre Group, Fortune Tire Tech Limited, Tread Wright Tire, CIO Tyres Pvt. Ltd., Vaculug Tyres, King Meiler Tyres.

Full Market Assessment: Comprehensive Report

Recent Developments:

Key market players are leveraging organic growth strategies like acquisition, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global retread tire market.

In February 2022, Bridgestone Corporation announced that its ALENZA 001 tire had been selected as the official original equipment for the Nissan Ariya, a compact crossover electric vehicle (EV) sport utility vehicle.
In July 2021, Michelin North America broadened its portfolio of tire retread technologies with the introduction of two new pre-mold retreads. One of these innovations is the Michelin X ONE Line Energy T2 Pre-Mold Retread, designed specifically to improve the total cost of ownership for the line-haul market in North America.
In November 2021, Nokian Tires declared its plans to substantially boost the production capacity of passenger car tires at its factory in Nokia, Finland.

Retread Tire Market Segmentation:

By Vehicle Type:

Passenger Cars
LCV
HCV
Off-Road Vehicle

By Process:

Pre-cure
Mold cure

By Sales Channel:

OEM
Independent Service Provider

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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.

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Bicycle Tires Market Forecasted to Achieve USD 14.6 Billion by 2033 with a 6.4% CAGR | FMI Reports

The bicycle tires market is set for significant expansion, projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2033. The market, valued at approximately USD 7.8 billion in 2023, is expected to reach USD 14.6 billion by 2033.

Market Growth

The bicycle tires market has shown steady growth, driven by the increasing popularity of cycling for various uses including commuting, fitness, recreation, and competitive sports. As more individuals adopt cycling as a preferred lifestyle choice and governments enhance cycling infrastructure, the demand for high-quality bicycle tires continues to rise.

Technological Advancements

Innovations in bicycle tire design and manufacturing are focusing on enhancing performance, durability, and puncture resistance. Key technological advancements include:

Tubeless Tire Technology: Eliminates the need for inner tubes, reducing weight and rolling resistance while improving puncture protection.
Advanced Rubber Compounds: Provide better grip, traction, and durability across different weather conditions and terrains.
Puncture-Resistant Materials: Incorporate layers of Kevlar, aramid fibers, or proprietary materials into tire casings to minimize the risk of punctures and flats.
Optimized Tread Patterns and Compounds: Refine tread designs and rubber formulations to suit specific riding conditions such as wet weather, loose gravel, or hard-packed trails.

These advancements are shaping the future of the bicycle tire market, catering to the evolving needs of cyclists and contributing to the overall growth of the industry.

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Key Takeaways from the Bicycle Tires Market Report:

The global market is expected to be worth $7.8 billion in 2023.
Over the historical period, the global market grew at a CAGR of 6%.
By the end of 2023, a valuation of nearly $150 million is expected.
South Asia and the Pacific are set to be the fastest-growing bicycle tire markets, with annual growth rates exceeding 5.6% through 2023.
The German bicycle tire market is expected to reach $175 million by the end of 2023.

Competitive Landscape:
Some of the market’s strongest competitors are making investments in studies and research (R&D) to facilitate the provision of an extensive selection of leather manufactured in a variety of colors and substances for a variety of applications. Companies hope to keep up with the changing environment by doing so. For instance,

Vittoria presented the Corsa Pro, a tubeless-ready clincher tire for road bicycles that it illustrates as “the most advanced cotton road tire ever made” in May 2023. The tire was created with Vittoria’s most recent graphene and silica substance, which integrates the organization’s Graphene research-applied insight with silica to provide faster acceleration, puncture resistance, and grip on edges and on slippery terrain.
In May 2023, the P Zero Race 4S, Pirelli’s all-around race tire, is currently tubeless-ready and set for the ship. For those who are inexperienced the tire falls somewhere between the full-on race-focused P Zero TLR and the high-performance training-focused Cinturato Velo.

Leading Key Players:

Cheng Shin Rubber Ind Co., Ltd.
HUTCHINSON
Trek Bicycle Corporation
The Goodyear Tire & Rubber Company
Specialized Bicycle Components
MICHELIN
Mitas
Pirelli & C. S.p.A.
Giant Bicycles
Continental AG

Detailed Market Study: Full Report and Analysis

Bicycle Tires Market Segmentation:

By Bicycle Type:

Mountain
Hybrid
Electric
Comfort
Youth
Cruiser
Road

By Product Type:

Tube Tire
Tubeless Tire
Solid Tire

By Tire Size:

Upto 12 inch
12 to 22 inch
Above 22 inch

By Sales Channel:

OEM
Aftermarket

By Region:

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

About Future Market Insights (FMI)

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.

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Natural Vitamin E Market Expected to Reach USD 956.3 Million by 2032 | FMI

The global natural vitamin E product market is projected to experience substantial growth over the next decade, reaching a market size of $956.3 million by 2032, according to a recent report by Future Market Insights. With an estimated market value of $758.1 million in 2022, the market is set to expand at a robust compound annual growth rate (CAGR) of 10.8% during the forecast period from 2022 to 2032. The rising awareness about personal health and wellness, along with the growing demand for dietary supplements, is anticipated to drive the market’s growth.

Market Dynamics

Health and Wellness Awareness: Increasing consumer awareness regarding the importance of vitamins and minerals in maintaining health is a primary factor fueling the demand for natural vitamin E products. As consumers become more health-conscious, there is a growing inclination towards incorporating natural vitamin E in daily diets to enhance overall well-being.
Rising Demand for Dietary Supplements: The surge in demand for dietary supplements infused with natural vitamin E is expected to positively impact market growth. Natural vitamin E, found in various food items such as wheat, nuts, vegetables, and oils, plays a crucial role in protecting the body from infections, preventing muscle damage, and aiding in blood clot prevention.
Government Initiatives and Age-related Disorders: Governments in developing countries are promoting the consumption of fortified foods and beverages to combat health issues associated with aging, such as myopia. The International Myopia Institute estimates that nearly 30% of the global population is currently myopic, with this number projected to rise to 50% by 2050. These initiatives and the increasing prevalence of age-related disorders are expected to drive market growth.

Regional Insights

The North American market is poised for significant growth due to the high demand for cosmetics and personal care products infused with natural ingredients. The launch of innovative products, such as NovaBeauty’s vegan and cruelty-free lip collection by Fashion Nova, is expected to further boost market growth in the region.

The Asia-Pacific region is anticipated to witness rapid growth, driven by the increasing prevalence of vitamin E deficiency and rising health awareness. Countries like India and China are experiencing a surge in demand for pharmaceutical products containing natural vitamin E, supported by the growing pharmaceutical industry.

Market Challenges

Complications from Excessive Consumption: Excessive consumption of natural vitamin E supplements can lead to adverse effects such as vomiting, abnormal bleeding, diarrhea, and muscle aches. These complications may pose a challenge to market growth, as consumers become more cautious about the potential risks associated with overconsumption.

Opportunities for Market Players

Product Innovation: Manufacturers can capitalize on the growing demand for natural and organic products by introducing innovative natural vitamin E formulations. Investing in research and development to create products with enhanced health benefits and diverse applications can attract a broader consumer base.
Strategic Expansion: Expanding operations in emerging markets, such as Asia-Pacific and Latin America, can provide significant growth opportunities. Establishing a strong presence in these regions can help companies tap into the rising demand for health supplements and fortified foods.
Marketing and Education: Educating consumers about the benefits of natural vitamin E and its safe consumption levels can drive market growth. Effective marketing strategies that highlight the health benefits and applications of natural vitamin E products can enhance consumer awareness and boost sales.

Competitive Landscape

Key players in the global natural vitamin E product market include FenchemBiotek, Archer Daniels Midland Company, Merck KGaA, BASF SE, Wilmar Spring Fruit Nutrition Products Co. Ltd., Brenntag AG, Riken Vitamin Co. Ltd., Beijing Gingko Group, Koninklijke DSM N.V., and Davos Life Science. These companies are focusing on expanding their consumer base through product innovation, strategic collaborations, and extensive research and development activities.

Secure Your Copy Now: Gain full access to the Natural Vitamin E Product Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Key Segments Profiled in the Natural Vitamin E Product Industry Survey

By Product Type:

Tocopherols
Tocotrienols

By Application:

Functional Food & Beverages
Pharmaceuticals
Cosmetics
Animal Feed
Dietary Supplements

By Source:

Soybean Oil
Sunflower Oil
Rapeseed Oil
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

About Future Market Insights (FMI)

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.

Contact US:
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
LinkedIn| Twitter| Blogs | YouTube

Cocoa Powder Market to Reach USD 3.44 Billion by 2034 | FMI

The global cocoa powder market is projected to generate revenue of around US$ 2,667.5 million in 2024. Sales are expected to follow a moderate growth rate of 2.9% during the forecast period, expanding the market to a valuation of US$ 3,441.1 million by 2034.

Cocoa powder is the byproduct remaining after extracting cocoa butter from cacao beans. It has become an essential ingredient in chocolate confectioneries, syrups, and chocolates. The demand for improved flavor, color, and texture has led to its increased use as a coloring agent, which is expected to drive market growth during the forecast period.

Rich in flavonoids and minerals, cocoa powder is also a highly profitable crop. The growing popularity of cocoa powder in dietary lifestyles and foodservice operations is anticipated to further boost market expansion.

The pharmaceutical vertical is opting for cocoa powder due to widening scope of growth. The minerals contained with cocoa powder include potassium, phosphorus, zinc, sodium, calcium, magnesium, and copper. It serves the heart well as it helps in preventing stroke, exercising control over blood pressure, and lowering of bad cholesterol. These factors are expected to help the cocoa powder market grow on an unstoppable note in the forecast period.

It also needs to be noted that raw cocoa is not all that easily available across the entire supply chain. Though sustainable cultivation of cocoa is on the rise, efforts are being put to accord uniformity all through.

Double-Dutch cocoa blend, Bendorp Dutch-Process cocoa, triple cocoa blend, natural cocoa, and cocoa Rouge are the types of cocoa being cultivated in the present scenario. Out of these, Double-Dutch cocoa powder holds more than 20% of the overall market share and is slated to expand at a rate of 3% in the forecast period.

Though conventional grocery stores have been the epicentre of distribution channels for cocoa powder market, online stores are expected to be the future of cocoa powder market, especially in the post-Covid era. Also, the fact that excessive consumption of cocoa could mean excessive intake of cadmium, which could cause health hazards. This goes to show that too much of cocoa would result in adverse effects. Future Market Insights has delved deep into the nitty-gritties along with subsequent actions to be taken in its latest market study entitled ‘Cocoa Powder Market’. It has its team of experts in the form of analysts and consultants to execute it, with both – macros and micros in place.

Key Takeaways from Cocoa Powder Market

North America holds a significant market share. However, the fact that cocoa powder may contain cadmium may prompt the other states (like California) to put a cap on maximum permissive level.
The European Union already has plans of imposing limit pertaining to cadmium in the cocoa powder (0.6 µg/gram).
The Asia-Pacific is expected to witness growth at the fastest pace in the cocoa powder market with millennials preferring cocoa-based products.

Competitive Analytics

Cocoa powder made by Nestle and Hershey’s are dominating the market and the scenario is expected to persist even in the forecast period.
Barry Callebaut has its highly Dutched, black cocoa powder, which has undergone Cocoa Horizons Program, Fairtrade, Rainforest Alliance, and UTZ.
Gerkens, in February 2019, came up with CT70 – a novel formula coming with new-fangled taste and aroma. It’s feasible for bakery vertical.

“With cocoa being looked upon as the one generating sizable revenue, the cocoa powder market is bound to go great guns in the forecast period”, says an analyst from Future Market Insights.

A Detailed Full Report:

How about the Central Idea of the Cocoa Powder Market?

The research study is based on type (Dutch processed, natural cocoa powder, and likewise), by sales channel (direct sales and indirect sales), and by end-use (commercial, household, industrial, and likewise).
Organic cocoa powder is expected to do the rounds in the forecast period.

Key Segments

By Type

Dutch processed
Natural cocoa powder
Others

By Sales Channel

Direct Sales
Indirect Sales

By End Use

Commercial
Household
Industrial
Others

By Region

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

About Future Market Insights (FMI)

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.

Contact Us:
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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Food Grade Lubricant Market to Grow USD 471 Million by 2033 at 2.6% CAGR | FMI

The global food grade lubricant market is on a robust growth trajectory, with projections indicating it will achieve a valuation of US$ 471 million by 2033, up from US$ 363 million in 2023. This steady growth at a CAGR of 2.6% highlights the increasing demand for safe and efficient lubrication solutions in the food processing industry, driven by stringent food safety and hygiene regulations.

The surge in demand for food grade lubricants is primarily fueled by regulatory mandates from bodies like the Food and Drug Administration, emphasizing the necessity of synthetic, food-safe lubricants in machinery used for food processing and packaging. This regulatory emphasis ensures that food products are manufactured in compliance with the highest safety standards, bolstering the market for these specialized lubricants.

Sustainable and Eco-Friendly Lubricants on the Rise

A significant trend in the food grade lubricant market is the growing preference for bio-based and environmentally responsible solutions. Food manufacturers are increasingly adopting sustainable lubricants to align with global environmental goals. These eco-friendly lubricants, derived from renewable resources, are gaining traction as viable alternatives to traditional petroleum-based products.

Market Dynamics in Advanced Economies

Technologically advanced countries like the United States and Germany are at the forefront of adopting food grade lubricants due to their sophisticated food processing techniques and robust regulatory frameworks. The expansion of key food-related sectors in these regions is significantly influencing the market landscape, creating substantial growth opportunities for manufacturers.

Rapid Growth in Developing Economies

Developing countries, particularly China and India, are witnessing rapid expansion in their food and beverage industries due to rising population density and urbanization. This growth necessitates the use of food grade lubricants to ensure the smooth operation of machinery in these burgeoning sectors. As a result, these markets are becoming increasingly attractive for investors looking to capitalize on the booming demand for food-safe lubricants.

Customized Solutions and Technological Innovations

The market for food grade lubricants is characterized by continuous innovation and the provision of customized solutions to meet the unique needs of various food processing applications. Companies are investing heavily in research and development to create advanced lubricant formulations that enhance performance and ensure compliance with stringent safety standards.

Competitive Landscape and Recent Developments

Major players in the food grade lubricant market include Fuchs Petrolub SE, Illinois Tool Works Inc., Kluber Lubrication Munchen SE & Co. Kg, and Petro-Canada Lubricants Inc., among others. These companies are focused on expanding their product offerings and enhancing their market presence through strategic acquisitions and innovative product launches.

Recent Developments:
- METALUBE introduced its Metachain™ FG-30 series, a high-performance food-safe chain oil, in February 2022.
- Saudi Aramco announced the acquisition of Valvoline’s Global Products business, including its food-grade lubricant segment, for US$ 2.7 billion in August 2022.
- FUCHS Lubritech GmbH acquired Welponer SRL, integrating it into its operations to enhance its specialty lubricants business in October 2020.

Full Report Revealed:

Key Market Segments

By Base Oil:
- H1 Lubricants
- H2 Lubricants
- 3H Lubricants (releasing agents)
- H3 Lubricants (soluble oils)
- Others
By End-use Application:
- Food-Bakery
- Sugar
- Dairy
- Meat, Poultry, and Seafood
- Others
- Beverages
- Pharmaceuticals & Cosmetics
- Others
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding Japan
- Japan
- Middle East and Africa (MEA)

About Future Market Insights (FMI)

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.

Aqua Feed Additives Market Expected to Reach USD 2.7 Billion by 2032, Growing at 5.5% CAGR | FMI

The aqua feed additives market is estimated to surpass US$ 1.6 billion in 2022, and is predicted to reach US$ 2.7 billion by 2032, with a CAGR of 5.5 % from 2022 to 2032.

Some of the key factors driving the rise of the aqua feed additives market share are growing worries about receiving the right vitamin and mineral additives for aquatic animals.

As individuals become more aware of premixes, the demand for aqua feed additives has increased. As a result of the increased demand for mineral-rich aqua feed additives, companies are seeing an increase in sales of aqua feed additives.

Increased understanding of bioavailability in these compounds is another important driver of the aqua feed additives market size. As a result, aqua feed additives manufacturers are increasing production of direct mineral supplements to suit end-user demand.

The trade of fish and aquaculture products plays a significant role in expanding fish consumption and building a global market for aqua feed additives by connecting various worldwide suppliers and manufacturers.

As adaptive pathogens can be infected by a variety of stress factors, including poor nutritional status, sales of aqua feed additive are on the rise. Antibiotics are also used to treat diseases such as red pest disease, which drives up demand for aquaf eed additives around the world.

The growing demand for high-protein diets is presenting excellent growth opportunities for the aqua feed additives market, particularly in emerging economies like Brazil, India, and China, where per capita income is rapidly rising, resulting in increased sales of aqua feed additives.

Key Takeaways from the Aqua feed Additives Market Study:

The US is estimated to account for more than 60% of the North American market in 2022, due to the rising in seafood consumption.
The aqua feed additives market in the United States is predicted to grow at a CAGR of 2.6 percent from 2016 to 2032, reaching a market size of US$ 0.1 billion.
Due to a considerable availability of raw materials and the presence of large-scale companies, Egypt has a strong demand for aqua feed additives.
According to FMI, the aqua feed additives market in India is worth US$ 1.4 billion and is predicted to grow at a CAGR of 7.2 percent through 2032.

“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.”- Lead Analyst at FMI.

Competition Landscape of Aqua feed Additives Market

Key players operating in the global aqua feed additives market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies in aqua feed additives market are Cargill, Inc., NK Ingredients Pte. Ltd., Beneo GmbH, Dibaq A.S., Nutreco N.V., Evonik Industries, Biomar A/S, Growel Feeds, Coppens International B.V., Aker Biomarine and others.

Recent Developments in Aqua feed Additives Market:

ADM purchased Neovia (formerly known as InVivo NSA) (France) in January 2019 for USD 1.82 billion (Euro 1.54 billion). This acquisition would give ADM a strong foundation on which to build future expansion.
In November 2018, Cargill invested USD 70 million in Thailand to provide new technologies to the country’s aquaculture and poultry industries.
In June 2017, Nutreco completed the acquisition of Hi-Pro Feeds LP (Canada). The acquired company’s global brand, Trouw Nutrition, would be used to market the acquired company.

Secure Your Copy Now: Gain full access to the Aqua feed Additives Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Aqua Feed Additives Market by Category

By Additives Type, Aqua Feed Additives Market is Segmented as:

Amino Acids
Vitamins
Minerals
Antibiotics
Acidifiers
Binders
Antioxidants
Prebiotics
Palatants
Others

By Species Type, Aqua Feed Additives Market is Segmented as:

Crustaceans
Catfish
Salmonids
Carp
Tilapia
Mollusks
Mullet

By Ingredient, Aqua Feed Additives Market is Segmented as:

Corn
Soybean
Fish Oil
Peas
Sunflower Seed
Others

By Region, Aqua Feed Additives Market is Segmented as:

North America
Latin America
Europe
Asia Pacific
MEA

About Future Market Insights (FMI)

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.

Brilliant Black BN Colors Market Set to Reach USD 6.7 Million by 2032, Growing at a 2.7% CAGR | FMI

The global Brilliant Black BN Colors market size, valued at USD 5.11 million in 2022, is projected to reach USD 6.7 million by 2032, expanding at a steady CAGR of 2.7% during the forecast period from 2022 to 2032, according to the latest analysis by Future Market Insights (FMI). By volume, the market reported a consumption of 1200 metric tons globally in 2021.

Brilliant Black BN, also known by various names including Food Black 1 and Naphthol Black, is a synthetic black diazo dye that is water-soluble and widely used in the food and beverage industry. Its affordability and effectiveness in imparting intense, uniform color have made it a popular choice among manufacturers.

Key Drivers of Market Growth

Rising Demand for Confectionery and Dessert Products: The increasing consumer preference for visually appealing confectionery and dessert items has significantly driven the demand for Brilliant Black BN colors. The dye is extensively used in products such as cakes, pastries, cookies, biscuits, and savory snacks. The trend of ready-to-eat food products, fueled by rapid urbanization and changing lifestyles, further bolsters market growth.
Influence of Social Media: Social media platforms like Instagram and TikTok play a pivotal role in shaping food trends, with visually striking dishes gaining popularity. Brilliant Black BN colors enable food manufacturers to create unique and appealing products that cater to these trends, enhancing their market presence.
Cost-Effectiveness and Availability: Brilliant Black BN colors are more affordable and available in larger quantities compared to natural food colorants. This cost-effectiveness makes them a preferred choice in emerging and underdeveloped economies where awareness of organic food colors is still growing.

Challenges and Restraints

Stringent Regulations: Regulatory restrictions in countries like the USA, Switzerland, and Japan, where Brilliant Black BN colors are banned, pose significant challenges to market expansion. Despite its approval by the European Union, varying regulations across regions affect the market’s overall growth.
Health Concerns: Potential health risks associated with synthetic food colors, including Brilliant Black BN, lead to consumer hesitancy. The growing preference for natural ingredients further hampers the market’s growth prospects.

Regional Insights

The Asia-Pacific region, with a consumption of approximately 370 metric tons in 2021, holds a significant share of the global market. China, in particular, is a major market due to its large food processing industry. Key manufacturers like Hangzhou Dayangchem Co. Ltd. and San-Ei Gen F.F.I., Inc. have a strong presence in this region.

Europe remains a substantial market with sales exceeding 250 metric tons in 2021. The region’s stringent regulations and consumer awareness drive the demand for high-quality food colorants.

Emerging food processing industries in these regions continue to create promising growth opportunities for the Brilliant Black BN colors market. Brazil, for instance, recorded sales of USD 570,000 in 2021.

Market Opportunities and Competitive Landscape

Innovation and Product Development: Companies like Sensient Food Colors are investing in R&D to enhance the water solubility and heat stability of Brilliant Black BN colors, making them more attractive to end-users. Vinayak Ingredients Pvt Ltd. recently launched a new batch of the dye for use in decorations and confectionery coatings.
Strategic Partnerships and Expansions: Large manufacturers, including Sigma-Aldrich International GmbH, are acquiring innovative regional units and expanding their applications to sectors like pet foods and edible cosmetics.

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Brilliant Black BN Colors Market By Category

On the basis of form:

Solid
Powder
Granulated

By Application:

Beverage
Bakery, Snacks, and Cereals
Candy/ Confectionery
Dairy
Fruit Preparations/ Fillings
Meat, Poultry, Fish, and Eggs
Potatoes, Pasta, and Rice
Sauces, Soups, and Dressings
Seasonings
Pet Food

By Region:

Global
North America
Latin America
Europe, the Middle East and Africa, and India
Asia Pacific

About Future Market Insights (FMI)

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.

Botanical Ingredient Market Grow to USD 374.84 Billion by 2034, with 7.3% CAGR | FMI

The botanical ingredients market is slated to progress at a CAGR of 7.3%. This will elevate the market size from US$ 185.91 billion to US$ 374.84 billion from 2024 to 2034. The growing healthcare, cosmetic, and food and beverage markets leverage the demand for botanical ingredients.

Changing consumer lifestyles levitate the demand for eco-friendly products. In addition, consumers demand healthy products, driving the production of botanical ingredients. Hence, this boosts the natural food ingredient market size. The strengthening and diversification of distribution networks will increase the demand for botanical ingredients. Multiple choices can become available to customers, enhancing the natural food ingredient market growth prospects.

Technological infrastructure is growing, assisting leading botanical ingredient manufacturers in producing innovative and sustainable botanical ingredients. It will generate more options for consumers, driving the plant-based ingredient market. The growing concern for sustainability will be another critical mainstream driver for the botanical ingredient market.

Key Takeaways from the Market Study

• From 2019 to 2023, the market for botanical ingredients advanced at a 6% CAGR.

• The Indian botanical ingredient market growth will be the fastest, which projects the highest CAGR of 7.1%.

• The United States of America is the largest market by size, estimating the advancement at a CAGR of 4.4%.

• Liquid plant extract is the largest segment based on form, securing 26.5% of the market space.

“Synthetic products can be perfect substitutes for organic products, which can be a serious restraint for the botanical ingredient market,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape of the Botanical Ingredient Market

Leading botanical ingredient manufacturers occupy a large market space, hindering new entrants’ entry path. However, new entrants might enhance their market presence through effective brand positioning.

Key marketers use product launches, partnerships, collaborations, acquisitions, and alliances to maintain their competitive advantage in the market. The following key developments have changed the competitive landscape:-

• In August 2022, Archer Daniels Midland Company partnered with New Culture. The strategic move intended to uplift dairy production. Also, the organization focused on innovating products and commercializing them.

• In May 2023, International Flavors & Fragrances Inc. initiated and completed a divestiture of its Savory Solutions business unit to PAI Partners. This helped the organization eliminate its liabilities and assets, leveraging free cash flow.

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Key Companies Profiled

Archer Daniels Midland Company
International Flavors& Fragrances Inc.
Koninklijke DSM NV
Martin Bauer Group
Bell Flavors & Fragrances
Givaudan
Döhler GmbH
Koninklijke Euroma BV
Botanical Ingredients Ltd.
Nutrasorb LLC.

Botanical Ingredients Market by Category

By Ingredient:

Herbs & Spices
Vegetables & Fruits
Flowers
Leaves
Seeds & Nuts
Barks & berries
Bulbs & Roots
Others

By Form:

Dried Plants
Liquid Plant Extract
Oleoresins
Others

By End User:

Commercial Chains
Residential Uses

By Application:

Food & Beverages
Nutraceuticals & Dietary Supplements
Pet Care Industry
Pharmaceuticals
Cosmetics and Personal Care
Commercial HouseholdsOthers

By Region:

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

About Future Market Insights (FMI)

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.

Bioactive Ingredient Market Set to Reach USD 395.73 Billion by 2033, Growing at a 7.8% CAGR | FMI

The bioactive ingredient market is expected to be valued at US$ 186.73 billion in 2023 and is likely to surpass US$ 395.73 billion by 2033. The sales of bioactive ingredients are projected to record a CAGR of 7.8% during the forecast period (2023 to 2033).

Dietary supplements are preferred by customers as they are made with natural components that improve health and wellness. As a result of the increased demand for natural-based ingredients, the adoption of bioactive compounds is expected to surge in a diverse range of food products.

Further, growing focus on food safety issues has raised awareness for transparency and traceability. Hence, key players such as such as Cargill, Incorporated, CP Kelco, Ingredients AG, and Ingredion Incorporated are providing labeled products to capitalize on growing clean label trends.

Subsequently, increasing use of macronutrients including fibers, carbs, proteins, and fats in various ready-to-mix & eat products is driving the demand in the market. On the back of these factors, the bioactive ingredient market is projected to surpass US$ 55.4 Bn by the end of 2032.

Key takeaways from market study

Based on product type, the antioxidants segment is expected to witness highest growth over the forecast period (2022-2032).

North America bioactive ingredient market is expected to witness a lucrative growth rate of 6.8% CAGR during the assessment period.

East Asia is anticipated to account for 17.8% in the global bioactive ingredient market through 2032.

Based on application, functional food & beverages is anticipated to account for around 25.6% of the market share over the forecast period.

“Key bioactive ingredient producers are actively exploring the applications through various research institutions, public research universities, and crop institutes across the globe. Also, increased demand for packaged and healthy food products is propelling the demand in the market.” says a lead analyst at Future Market Insights.

Competitive landscape

The global bioactive ingredient market is expected to be consolidated. Key players in the market are focusing on expansion of their product line to strengthen their foothold in the industry. Expansion in emerging economies such as India and China is a key strategy adopted by leading players to increase their revenue.

Some of the key players operating in the bioactive ingredient market are Dupont, Royal DSM, Cargill Inc., Archer Daniels Midland, BASF, Koninklijke DSM N.V., AJINOMOTO CO., INC, Arla Foods, FMC Corporation, Ingredion Incorporated, Roquette Frères S.A., Kerry Inc, Total Nutrition, Inc, Danone SA, Nestlé SA Valio Limited i-Health, Inc. and others

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

Bioactive Ingredient Market by Category

By Product Type:

Probiotics And Prebiotics
Amino Acids
Omega 3 Lipids
Peptides & Proteins
Minerals & Vitamins

Carotenoids And Antioxidants
Phytochemicals & Plant Extracts
Fibers & Specialty Carbohydrates

By Application:

Functional Food & Beverages

Dietary Supplements
Personal and Beauty Care
Pharmaceutical
Animal Nutrition

By Distribution Channel:

B2B
B2C
Hypermarket/Supermarket
Specialty Stores
Online Retail Store

Pharmacy Stores Online Retailers

By Region:

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

About Future Market Insights (FMI)

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.