Market Research Blog – Page 1564 – New Product Development

Herbs and Spices Market Set to Reach USD 244.1 Billion by 2034, Growing at 3.6% CAGR Due to Rising Demand for Natural Flavors and Health Benefits

The global herbs and spices market share is estimated to be US$ 171,563.1 million in 2024 increasing from US$ 167,874.1 million in 2019. FMI expects the global herbs and spices industry to grow at a 3.6% CAGR through 2033 to reach US$ 244,124.7 million by 2034.

The use of herbs and spices in convenient meals is growing because of their rich aroma taste and many health advantages., as consumers are now aware of the negative effects of artificial chemicals, they are gravitating toward foods and drinks that include real herbs and spices.

The sales of herbs and spices are being driven by the shifting preferences of consumers toward low-sugar food items and an increased curiosity about unique flavors. The need for herbs and spices has been fueled by a rise in the use of processed food items like sauces, dressings, and condiments.

The market is likely to witness considerable growth in sales of herbs and spices in the powder and granule form. The direct sales channel is expected to account for over 50% of the market share for herbs and spices, and it is anticipated to continue growing steadily during the forecast year.

Key Takeaways from the Herb and Spice Market Study Report

The herb and spice industry in the United States is anticipated to register the most lucrative CAGR of 5.9% through the forecast years.
In Europe, Germany is expected to witness the most promising CAGR of 4.2% in sales of herbs and spices through 2034.
Demand for herbs and spices is projected to increase at a rate of 4% per year till 2034 in China.
India is likely to hold the most lucrative market for herbs and spices in Asia thriving with a CAGR of 4.3% between 2024 and 2034.

Competitive Landscape for the Herb and Spice Market Players

The overall market is highly diversified and competitive owing to the presence of several market players at different levels. Key participants in the herbs and spices industry have extended their distribution networks, broadened their product offerings, and boosted production capacity as a result of acquiring small and medium-sized businesses.

“Quick-serve restaurants are anticipated to play a crucial role in the market growth of herbs and spices in the coming days. QSRs frequently employ dried herbs in their preparation and include sachets of dried herbs for customers to add to their dishes.” – says a lead analyst at FMI

Recent Developments by the Herb and Spice Industry Participants

In November 2022, Spice Story, an ethnic food company, expanded into the offline market by partnering with Jayanti Herbs and Spice. Spice Story was a direct-to-consumer business with 1200 physical storefronts with plans to open 15000 outlets by March 2023. The firm is expected to benefit from Jayanti Herbs & Spice’s 23,000-strong distribution network of contemporary, multi-brand retail locations, including national and regional chains.

In November 2022, Bart Ingredients introduced a variety of 19 herb and spice refill cartons into Morrisons. The cardboard boxes, which included items like smoked paprika, pink Himalayan salt, bay leaves, and black peppercorns, were delivered to 422 of the retailer’s locations. According to Bart Ingredients, these boxes are “92% lighter” than conventional glass jars and help to cut down on transportation-related emissions.

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Key Players Profiled in the Herb and Spice Market Report

Givaudan S.A
Kerry Group Plc.
Ajinomoto Co., Inc.
Firmenich SA
Takasago International Corporation
Olam International
Archer Daniels Midland Company
Robertet SA
Sensient Technologies Corporation
Kalsec Inc.
McCormick & Company, Inc.
Symrise AG
Frutarom Industries Ltd
Synthite Industries Ltd
International Taste Solutions Ltd.

Key Segments Covered by Herb and Spice Industry Survey Report

By Product Type:

Herbs
Spices
Paprika (Hot Pepper)
Cumin

By End Use:

Food
- Sauces, Dressings, and Condiments
- Bakery and Confectionery
  - Bread/Cakes
  - Biscuits
  - Snacks
  - Candies
  - Other Baked Goods
- Dairy Products
  - Flavored Milk
  - Cheese or Cheese Products
  - Butter Ice Creams
  - Other Dairy Products
- Snacks & Savory Products
- Processed Food
- Soups
- Flavored or Infused Oils
- Other Foods
Beverage
Food Service
Retail Sales

By Form:

Powder & Granules
Flakes
Paste
Whole or Fresh

By Sales channel:

Direct Sales
Indirect Sales
- Store-based Retailing
- Online Retail

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
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.

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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Mineral Fortification Market Forecast to Reach USD 137.2 Billion by 2032 with a CAGR of 7.1%

According to Future Market Insights (FMI), the global mineral fortification market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around US$ 137.2 Bn by 2032.

The technique of adding minerals to regularly consumed foods to boost their nutritional value is known as mineral fortification. It’s a tried-and-true, safe, and cost-effective strategy for improving diets and avoiding and treating micronutrient deficiencies.

The global mineral fortification sector has seen significant growth in recent years as a result of the growing consumption of mineral-enriched meals. Rising health concerns and an increase in illness rates are the key drivers of the mineral fortification market throughout the forecast period. According to FMI, between 2017 and 2021, the market grew at a CAGR of 6.7%.

In response to the rising prevalence of nutritional deficiencies, particularly in developing countries, food fortification programs have evolved as public health initiatives. In statistical investigations, iodine fortification has been demonstrated to reduce the incidence of goiter by approximately 90%.

Mineral fortification is a cost-effective technique for improving population nutrition, and it has significant economic benefits. Micronutrients are repeatedly scored as the most cost-effective development intervention, with huge returns for a modest cost, according to reviews such as the Copenhagen Consensus.

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Key Takeaways from the Market Study

Based on mineral type, the calcium mineral fortification is anticipated to account for around 28.9% of the market share over the forecast period.
North America mineral fortification market is expected to witness a lucrative growth rate of 6.8% CAGR during the forecast period.
East Asia is projected to account for 19.3% of the global mineral fortification consumption through 2032.
Based on end-use, the food segment is anticipated to account for around 39.8% of the market share over the forecast period.

“Key manufacturers are adopting strategies such as product branding and positioning to gain revenue. They are capitalizing on growing preference for healthy and staple food products. This is expected to create remunerative growth opportunities for the mineral fortification market.” says a Future Market Insights analyst.

Competitive Landscape

Some of the leading players operating in the global mineral fortification market include, Koninklijke DSM NV, The Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Merck & Co. Inc., DuPont de Nemours Inc., DSM Nutritional Products, ABBOTT LABORATORIES, General Mills, Albion Minerals., The Proctor and Gamble Company, Specialty Minerals Inc., Heinz, Kellogg’s., Pestell Nutrition Inc, Wright Group, And Fortitech Inc., among others.

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Future Market Insights, in its new report, offers an impartial analysis of the global Mineral Fortification market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Mineral Fortification Market by Category

By Mineral Type:

Calcium
Iron
Zinc
Iodine
Other Minerals

By End-use Application:

Food
Beverage
Dietary Supplement
Animal Feed

By Region:

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

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Frequently Asked Questions

How big is the mineral fortification market?
What is the anticipated market value of the mineral fortification market by 2032?
What is the mineral fortification market outlook?
Which region is expected to drive the demand for the mineral fortification market?
Who are the leading key players operating in the market?

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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Spice Oils and Oleoresins Market to Reach USD 3.57 Billion by 2033, Driven by Rising Demand in Food & Beverage

According to Future Market Insights (FMI), the spice oils and oleoresins market may reach an overall valuation that is expected to surpass US$ 1,674.40 million in 2023. The market is expected to record a CAGR of 7.9% between 2023 and 2033. By 2033, the market is estimated to reach a valuation of US$ 3,567.2 million.

Significant Aspects Driving the Growth of the Market:

Oleoresins are used to create aromas, fragrances, and various cosmetic items. They are ideal for creating hair loss lotion, cologne, perfumes, and other cosmetics due to their consistency, texture, and fragrances.
They have multiple uses as they are considered anti-inflammatory, antioxidant, and used for treating cancer. Hence they are utilized in the pharmaceutical sector as a component of medications, medicinal soaps, and other products. Thus, these factors are expected to drive the growth of the market for cosmetics and medicines.
Analgesic properties of chili oleoresins help in the reduction of free radicals in the body thus making them useful in medicinal applications. Over the course of the projection period, the market is projected to be driven by all these important aspects.
The expanding consumption of organic foods and beverages has raised the need for organic spices, such as natural spice oils, oleoresins products, etc. The spice oils market and the oleoresins market are expected to experience significant growth in the coming years.
Sales of plant-based snacks, dips, spreads, sauces, creamers, cheese, and other foods and beverages are rising as consumers prefer the taste of spice oil as well as they are also interested in clean-label and vegan products. Thus, creating multiple prospects for the market.

Key Takeaways from Market Study

The spice oils and oleoresins market is expected to reach an overall valuation of US$ 1,674.40 million in 2023.

The spice oil and oleoresin market in Germany is expected to record a CAGR of 7%
The spice oil and oleoresin market in China is expected to reach a valuation of US$ 567.18 million by 2033. The market is expected to record a CAGR of 7% over the forecast period.
The spice oil and oleoresin market in Spain is expected to record a CAGR of 5.4%

Competitive Landscape:

Companies look for inorganic growth strategies, such as alliances, global expansion, and mergers and acquisitions, in order to maintain a competitive position in the market. Major players in the global spice oil and oleoresin market are concentrating on launching cutting-edge goods that meet the needs of consumers in order to increase their operational presence in various regions of the world.

Some of the Key Players in the Spice Oil and Oleoresin are:

Young Living Essential Oils Ltd.
Reckitt Benckiser Group Plc (RB)
Symrise AG
Givaduan AG
Greenleaf Extractions Pvt. Ltd.
Indian Spice Oil Industries
Synthite Industries Ltd.
Universal Oleoresins Pvt. Ltd.

Recent Developments:

The well-known Dutch oil company Ultra International B.V. operates in important regions and has offices in Singapore, the United States, Australia, India, and the Middle East. The company uses medicinal plants including eucalyptus, coriander, cumin, and cloves to create various kinds of oils.
A well-known producer of essential oils, DoTERRA International LLC, entered the South American market in September 2019. The company produced therapeutic essential oils using oleoresin. This innovation has made the best medicinal oils that are easily accessible to customers in South America.

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Key Segments

Product Type:

Spice Oils
Oleoresins

Distribution Channel:

B2B/Direct
B2C/Indirect

Nature:

Organic
Conventional

Application:

Food & Beverages
Bakery & Confectionery
Beverages
Dressings & Condiments
Sauces, Spreads & Soups
Cosmetics and Personal Care
Skin Care
Hair Care
Toiletries.
Aromatherapy
Pharmaceuticals
Household
Dietary Supplements
Foodservice
Industrial

Region:

North America (United States & Canada)
Latin America (Mexico, Brazil, Peru, Argentina & Rest of Latin America)
Europe (EU-4, BENELUX, Nordic Countries, Russia, Poland & Rest of Europe)
South Asia (India, Thailand, Indonesia, Malaysia, and Rest of South Asia)
East Asia (China, Japan & South Korea)
Oceania (Australia & New Zealand)
Middle East & Africa (GCC, Northern Africa, South Africa & Rest of MEA)

About Future Market Insights (FMI)

Unlocking Potential: Lupin Protein Market to Reach USD 159.7 Million by 2033 with 4.9% CAGR, Fueled by Health Trends and Versatile Applications

The lupin protein market is expected to grow at a CAGR of 4.9% during the period 2023-2033. The market is expected to hit a valuation of US$ 159.7 million by 2033. As of 2023, the market is valued at US$ 98.8 million.

The presence of amino acids makes the lupin protein one of the healthiest consumables. Apart from that, being a rich source of protein also makes it quite popular amongst the health-conscious people. Moreover, these are rich in fiber as well, which makes it a popular ingredient amongst those who are into weight loss.

Furthermore, an increase in the adoption of veganism and vegetarianism has led to an increased consumption of plant-based products. Consequently, people have started adopting lupin protein products in order to make up for protein deficiency. This is might surge the demand for lupin protein products during the forecast period.

Over the past few years, the demand for clean label products has sky-rocketed. This is owing to the rising consumer awareness regarding consuming genuine products. The lupine protein products generally come with clean label, which represents a huge scope for the market.

Apart from that, the adoption of lupin protein products ensures that not much environmental degradation is done. In the first place, it eliminates the cases pertaining to animal slaughter for fulfilling nutritional requirements, which leads to carbon emission. Secondly, the lupin seeds can be grown on a fairly fertile soil. All these factors indicate that not much amount needs to be invested.

Of late, there has been an increasing demand for gluten-free products, which can be attributed to the side effects associated with gluten consumption. The lupin protein products have proved to be healthy alternative for the gluten products, which showcases a myriad of opportunities for the market.

However, there have been a few cases of side effects that have been linked to the consumption of lupin products. This might hamper the market growth during the forecast period.

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Thus, the FMI researchers are of the view that, “the ability to provide requisite levels of protein and fiber, coupled with the increase in the number of vegans and vegetarians, and a plenty of other factors are expected to surge the lupine protein market share during the forecast period.”

Key Takeaways:

The lupin protein market is projected to grow at a CAGR of 4.9% during the forecast period.
The market is valued at US$ 98.8 million in 2023.
The market is expected to reach a valuation of US$ 159.7 million by 2033.
As per the regional analysis, Europe is expected to be the largest market during the forecast period.
USA lupin protein market is expected to advance at a CAGR of 6.5%.
UK market is projected to grow at a CAGR of 2.6%.
China market is anticipated to surge at a CAGR of 6.4%.
Japan lupin protein market is projected to grow at a CAGR of 3.6%.
South Korea market is expected to grow at a CAGR of 4.9%.
Based on product type, the protein isolates segment is expected to hold the largest market share, and is anticipated to grow at a CAGR of 4.6%.
Based on nature, the conventional segment is projected to hold the largest market share, and is expected to grow at a CAGR of 4.2%.

Competitive Landscape

The key players operating in the market are investing massive amounts in the technological upgradation. The intention is to scale up the production at a time when the demand for lupine protein-based products is surging. Apart from that, there are also massive investments being made on the R&D aspect of the business.

In October 2022, Barentz International acquired Viachem, which is a specialty distributor of life science ingredients and speciality chemicals.

Lupin Protein Market Segmentation

By Product Type:

Protein Isolates,
Protein Concentrates,
Flour,
Other Product Types

By Nature:

Organic,
Conventional

By End Use:

Food Processing (Bakery & Confectionary, Dairy Replacements, Functional Foods, Infant Foods, Meat Alternatives, Other Food Applications),
Animal Feed (Cattle, Poultry, Swine, Pet Food, Aquafeed),
Nutraceuticals,
Sports Nutrition,
Infant Nutrition

By Processing Type:

Dry Processing,
Wet Processing

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

Global Algae Oil Market Expected to Hit USD 3,495.8 Million by 2034 Driven by Aquaculture Sector Growth | Future Market Insights, Inc.

The projected value of the worldwide algae oil market is set to hit the mark of USD 3,495.8 million by 2034, which is set to be measured at USD 2,442 million by 2024. Pertaining to various developments made by key players in the industry, the competitive space is estimated to progress at a sluggish CAGR of 3.7% during the forecast period.

Pertaining to the growing emphasis on reflecting on environmental stewardship, more focus is made on using algae oil, which increases the demand for products. With the growing use of such oils in the aquaculture sector, the prominence of algae oil has increased, driving the growth of the industry.

The rising focus on developing sustainable policies and regulations has helped several firms in the industry to innovate. The demand for algae oil, subsequently, has increased drastically recently.

With the rising consumer attention toward better skincare products, algae oil is likely to receive more attention. Due to the inclusion of fatty acids and vitamins along with key antioxidants, the cleansing action of such oils can be better. This spurs the demand for this type of oil.

Owing to the diversified and versatile applications of algae oil across several end-use industries, the scope for such products is higher. Industries like cosmetics, food and beverage, nutraceuticals, and many others demand algae oil, fueling the industry’s share of products.

According to Future Market Insights (FMI), primary factor influencing the sales in the global algae oil market include, rising use of algal oil in the food and beverage industry. Several health benefits are associated with algae oil, which includes high proteins, phycocyanin, and antioxidants in addition to DHA and Omega 3. This is another factor driving the demand in global algae oil market.

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What are the Key Trends Stimulating the Sales in Algae Oil Market?

Further, with rising inclination towards organic food products, the demand for natural food ingredients has increased. The adaptability of natural products and the related health advantages is one of the primary factor improving the growth of natural products and, as a result, the algae oil market.

Hence, manufacturers are increasingly looking for natural components in response to rising demand for natural products with more efficacy. This, in turn, is increasing the sales of algae oil. Moreover, sales prospects are projected to boost by the vegan population.

Consequently, with growing importance of maintaining vitals and boosting immunity, the demand for algae oil in dietary supplements will surge over the next decade.

Key Takeaways from the Market Study

Compared to the historical figures, the market is likely to encompass a CAGR of 3.7% through 2034.
The cosmetic grade category is likely to be the most prominent revenue-generating category and is likely to hold 34.6% of the market share in 2024.
The growing use of algae oil in animal feed is expected to augment Italy to witness a CAGR of 4.3% through 2034.
The anticipated advancement of the algae oil market in the United States is estimated to adhere to a sluggish CAGR of 3.5% in the evaluation period.
By application, the food and beverages segment is projected to generate a share of 28.6% in 2024.

“The rising production costs of algae oil is a key barrier for growth of the competitive landscape, hampering the expansion of the market,” says Nandini Roy Choudhury, Client Partner at Future Market Insights 

Competition Outlook

Owing to better technological infrastructure, key players in the Tier 1 category expand extensively across the globe. The concentration of such organizations is high in the industry, thereby affecting the entry of new players.

Pertaining to the competitive force, emerging players can choose to partner with larger firms, export, form strategic alliances, and innovate products in order to gain a significant competitive advantage over large-scale players. Leading manufcturers in the algae oil industry, on the other hand, expand freely with the help of several important strategies, including strategic partnerships, collaborations, mergers, and acquisitions.

Leading Algae Oil Brands

Algae Floating Systems, Inc.
Cargill
Algae Production Systems
Lonza Group
Algatech Ltd.
Seaweed Energy Solutions
Royal DSM
Algix LLC
Cyanotech
Pond Technologies Inc.
Others

The collective system of key players and emerging start-ups can fuel the growth of the competitive landscape across the world. Some key recent developments shaping the size of the algae oil market are as follows-

In March 2024, Lonza Group acquired a biologics site in Vacaville from Roche. This strategic initiative has helped the business gain an advantage in terms of diversifying the reach of the firm in the United States, thereby consolidating the organization’s position in the global landscape.
In April 2024, Cargill partnered with Nestlé Purina. This strategic move was aimed at upholding regenerative agricultural practices. The initiative can also consolidate the strategic position of the organization in the competitive landscape.

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Key Segments of the Algae Oil Market

By Grade:

In terms of grade, the industry is divided into feed grade, food grade, fuel grade, and cosmetic grade.

By Application:

Different applications of the product are food and beverages, animal feed, pharmaceuticals, dietary supplements, personal care, biofuels, and others.

By Sales Channel:

The product is sold via direct sales and retail sales. The retail sales segment is further divided into hyper/supermarkets, specialty stores, online, and other retail formats.

By Region:

The report tracks algae oil sales across several continents like North America, Latin America, Europe, East Asia, South Asia, the Middle East and Africa, and Oceania.

About Future Market Insights (FMI)

Contact FMI:  

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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Air-Dried Food Industry Set to Reach $146.4 Billion by 2033, Driven by Enhanced Packaging and Consumer Health Trends

Air-Dried Food Market

The air-dried food Industry is expected to be worth around USD 92.8 billion in 2022. It is expected to have generated US$ 146.4 billion by 2033, with a CAGR of 4.1% during the forecast period, 2023 to 2033. Positive market growth has been influenced by the development of improved packaging materials, such as stand-up pouches, paper packets, as well as wooden packaging.

Leading manufacturers have started using cutting-edge packaging techniques to shield their goods from contaminants that can be caused by humidity, temperature, and microbes. Packaging increases product longevity and shields it from transportation-related harm. In light of this, the growth of the packaging sector will likely lead to an increase in demand for dehydrated nutritious goods in the future years. Consumers have been choosing goods with fewer preservation agents, low fat, high nutritional value, and cholesterol during the previous several years. Growing consumer preference for nutritious product types has spurred market expansion. The nutritional content of a food is also little impacted by the air-drying procedure.

The high vitamin A concentration in vegetables and fruits like carrots, sweet potatoes, peppers, as well as winter squash allows them to be packed while maintaining their nutritious value. A favorable view toward organically farmed food on a worldwide scale as a result of government regulations that encourage expanding domestic organic production is anticipated to boost market expansion.

Key Takeaways from the Market Study

From 2018 to 2022, the worldwide market value of air-dried food increased at a CAGR of about 2.4 percent.
Coffee beans are expected to account for over fifty percent of the air-dried food industry by 2022.
In 2022, the powders and granules sector will have a market share of 64%.
Customers prefer online platforms over supermarkets, hypermarkets, as well as convenience stores because they are less expensive and more convenient.
Air-dried food is worth $42.1 billion in the North American area.
In 2022, the United States market for air-dried foods will account for 22.1% of the global market.
The European region’s Air-dried Food market is worth 18.6 billion dollars, which represents 20% of the worldwide Air-dried Food industry.

“The market’s potential will grow as a result of increased health consciousness, evolving lifestyles, along with rising consumer willingness to spend more for convenience items. Easy availability to a wide range of packaging supplies and cutting-edge technology have increased the air-dried food industry’s potential for expansion on a worldwide scale,” remarks an FMI analyst.

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Competitive Landscape

A significant proportion of small and medium-sized enterprises contribute to the sector’s fragmentation. Product introductions and corporate expansion strategies like acquisitions and mergers are beneficial to air-dried food producers. Businesses in the air-dried food industry compete fiercely. They are focusing on capacity growth in order to gain a competitive edge in addition to partnerships and product launches.

Prominent players in the air-dried food market are:

Saraf Foods Pvt. Ltd.
Berrifine A/
La Frubense, BCFoods, Inc.
Nestle S.A.
B-B Products (Australia) Pty Ltd.
FREEZE-DRY FOODS
DMH Ingredients, Inc.
HOWENIA ENTERPRISE CO., LTD

Some key developments of the leading companies in this market are:

Ice Make Refrigeration Limited, an established manufacturer as well as distributor of refrigeration solution equipment, introduced a new food dehydration device in January 2019. It can be used to dehydrate a variety of food products.
The British biscuit producer Fox’s Biscuits announced the introduction of their new cookie line in April 2019 that includes dried raspberry along with hazelnut.
Culinary Farms, a manufacturer of dried vegetables, fruits, herbs, and spices, was purchased by BC Foods Inc. in July 2017. The previous firm was able to improve its product offering and provide the food sector with greater service thanks to this purchase.

More Valuable Insights Available

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

To understand opportunities in the air-dried food market, the market is segmented on the basis of fiber by technique (hot air-dried food, freeze-dried food), product (fruits & vegetables, herbs & spices, meat & seafood, others), form (powder, granules, flakes), and end-user (processed food industry, HoReCa sector, household) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

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Almond Oil Market Set to Reach USD 3.9 Billion by 2033 Amid Rising Demand for Sustainable Ingredients, Says FMI

The global almond oil market is to be worth US$ 1.356 billion in 2023 and is expected to grow to US$ 3.9 billion by 2033. From 2023 to 2033, the global almond oil industry is expected to record a CAGR of 11.0%.

The almond oil business is growing due to an increase in the manufacturing of aromatherapy goods, customer desire for cosmetic products containing natural components, urbanization, and growth in the applications of almond oil in the pharmaceutical business.

Other factors that contribute to almond oil market expansion include changes in lifestyle and an increase in disposable income. The high cost of almond oil can restrain market expansion. Growth in demand from growing nations such as China and India and government policies encouraging the use of natural and organic components in cosmetic formulations give excellent potential for market expansion of almond oil.

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Harnessing the Power of Almond Oil for a Healthier You

Almond oil can help minimize the chance of irregular heartbeats or arrhythmias, leading to the patient’s premature death. It also contributes to lowering triglyceride levels, reducing the growth rate of atherosclerotic plaque, and lowering blood pressure. Consumers increasingly opt for better choices and see preventative care as a crucial tool to help them live healthier lifestyles.

As a result, almond oils are becoming increasingly popular since they are high in vitamins, proteins, and minerals and can aid in treating disorders such as cancer, asthma, and depression.

Almond Oil’s Path to Prominence: From Internet Culture to Mainstream Popularity

The increasing use of almond oil in pharmaceuticals and increased public initiatives related to health and fitness are strengthening the almond oil industry. Consumer knowledge of the health advantages of almond oil is increasing the pressure on almond oil manufacturers to innovate to stay competitive. Increased public understanding of almond oil’s multiple benefits drives up demand for it in the cosmetics and personal care sectors.

Due to the development of Internet culture, it is now easier to find information on homemade cures for skin disorders and personal care. For homemade personal care products, consumers are turning to medicinally helpful oils. This is the reason for the increase in demand for almond oil.

Challenges and Constraints in the Almond Oil Industry

Almond oil manufacturing is hampered by fluctuating almond prices caused by weather, pests, and illnesses. Market expansion for almond oil is hindered by competition from other plant-based oils such as coconut and olive oil.

Regulators’ strict regulations and quality standards create entry barriers for new market participants. The scarcity of raw almonds in particular places and the high cost of producing almond oil contribute to almond oil market restraints.

Key Takeaways

The United States might increase its market share by 21% between 2023 and 2033.
Between 2023 and 2033, Germany may hold 8% of the almond oil industry.
Japan’s share of the almond oil industry could reach 4.5% between 2023 and 2033.
Australia to hold a 2.3% share of the almond oil market from 2023 to 2033.
During the forecast period, the Chinese almond oil business expanded at a CAGR of 9.8%.
From 2023 to 2033, the United Kingdom almond oil industry registered at an 11.5% CAGR.
Through 2033, the India almond oil market to record a CAGR of 12.5%.
The sweet almond oil segment of the type category is predicted to have a market share of 60.3% by 2033.
The commercial use segment holds a market share of 68.3% in the end-use category between 2023 and 2033.
The hypermarkets/supermarkets sector to grab a significant market share of 35.6% in the distribution channel category between 2023 and 2033.

In-Depth Market Analysis: A Complete Report

Competitive Landscape

Due to numerous domestic and international competitors, the market needs to be more cohesive. To increase their consumer base, seasoned players and recent newcomers are introducing specialized products with added nutritional benefits. The almond oil manufacturers are relying on cutting-edge strategies to boost their position in the industry.

Novel Innovations

· Blue Diamond’s Pure Sweet Almond Oil Revolutionizes Personal Care

Blue Diamond Growers’ Global Ingredients Division declared in December 2017 that it had begun selling sweet almond oil that was 100 percent pure. The firm claims that this product enhances cosmetics, personal care items, and massage oils and is a crucial component in healthier hair, softer skin, and more opulent cosmetics.

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.

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Europe Black & Wood Pellets Market Poised for Robust Growth: Projected to Reach USD 25.8 Billion by 2032

The European market for black and wood pellets is anticipated to expand at a solid 9.0% CAGR between 2022 and 2032, according to Future Market Insights (FMI). By 2032, it is anticipated that the market value of black and wood pellet sales in Europe will reach USD 25,812.9 million.

Rising usage of black & wood pellets in power and heat generation applications is a crucial factor expected to drive the market across Europe during the projection period. The Europe black & wood pellets market is expected to be dominated by countries like Germany, the U.K. & Italy and this trend is predicted to continue during the forecast period.

Black & wood pellets are an eco-friendly, renewable, sustainable, and clean kind of biomass. The market for black & wood pellets is rising due to the increased need for renewable energy worldwide and growing focus on limiting the use of fossil fuels that contribute to global warming.

Demand for black & wood pellets across Europe will also be driven by growing environmental concerns and rising government incentives toward sustainability.

People in colder climates choose wood pellet stoves because natural gas is more expensive than wood pellets. Wood pellets are becoming extremely prevalent as a low-cost domestic heating option. However, because of the superior features of black pellets, the black pellets market is predicted to rise at a rapid pace.

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Wood pellets are widely consumed for various applications in European countries such as the United Kingdom, Italy, Germany & others. The increasing cost of energy and electricity, and fluctuations in the oil & gas industry are propelling the demand for renewable products for power generation

The demand for black & wood pellets in the industrial sector is increasing as the pellet-based power plant gains popularity as a preferred substitute for coal-based power plants. Additionally, governments all over the world are eager to promote the use of renewable energy in the transportation, industrial, and residential sectors.

Subsequently, consumers in industrialized nations like Europe are more environmentally conscious and continue to rely more and more on renewable energy resources. All these developments will positively impact black & wood pellet sales over the next ten years.

“Over the assessment period, sales of black & wood pellets are expected to be driven by the growing need for renewable energy sources for power generation & heat generation application,” says an FMI analyst.

Key Takeaways:

By type, wood pellets segment is projected to hold approximately 90-97% of the total market share in 2022 while black pellets segment is set to grow at the fastest CAGR of 9.6% through 2032.
The torrefaction sub-segment of the black pellets segment is anticipated to grow at 9.5% CAGR through 2032.
By application, heat generation sub-segment of black pellets is set to grow at 10.0% CAGR during the forecast period.
The industrial pellet for CHP/district heating segment is expected to reach about US$ 4,680.9 Mn by the end of the forecast period.
The black & wood pellets market in the U.K. is expected to create an incremental $ opportunity of US$ 4,692.8 Mn during the forecast period.
Germany’s black & wood pellets market is forecast to total a valuation of US$ 2,626.7 Mn by 2032.

Who is Winning?

Key market participants of the Black & Wood Pellets market elaborated in the report include Idemitsu Kosan Co., Ltd., Blackwood Technology, Zikha Biomass Energy, Arbaflame AS, TTCL Public Company Limited, Verdo Holding A/S, Airex Energie Inc., Graanul Invest, Iwatani Corporation, Land Energy Girvan Limited, Schwaiger Holzindustrie GmbH & Co. KG, Holzwerke Weinzierl GmbH, Balcas Energy, Enviva LP, Drax Group, Ambienta Biomasse, & Naparpellet.

To enhance their market presence and gain greater market shares, prominent market participants are actively focusing on acquisitions, collaborations, and geographical expansions.

Extensive Market Research: Complete Europe Black & Wood Pellets Industry Report and Findings

Europe Black & Wood Pellets Industry by Category

By Type:

Black Pellets
- Torrefaction
- Steam Explosion
- Hydrothermal Carbonization
Wood Pellets
- Forest Wood & Waste
- Agriculture Residue
- Others

By Application:

Black Pellets
- Power Generation
- Heat Generation
Wood Pellets
- Free Standing Pellet Stove
- Pellet Stove Insert
- Pellet Boilers

By End Use:

Black Pellets
- Residential
- Commercial
- Industrial
- Others
Wood Pellets
- Industrial Pellet for CHP/District Heating
- Industrial Pellet for Co Firing
- Pellets for Heating Residential/Commercial
- Others

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 ~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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Environmental Remediation Technology Market to Reach USD 231.8 Billion by 2033, Growing at a 7.8% CAGR

By 2023, the environmental remediation technology market is projected to be valued at USD 116.5 billion globally. It is predicted that between 2023 and 2033, the global market will grow at a CAGR of 7.8%. By 2033, the global market is expected to reach a valuation of USD 231.8 billion.

How are the Manufacturers Advancing the Global Market?

Manufacturers are contributing several innovations and strategies to advance the global market. These are as follows:

Development of Advanced Remediation Technologies: Manufacturers invest huge amounts in research and development activities to create effective and efficient environmental remediation technologies. These innovations include raw materials, advanced treatment methods, and improved equipment.
Integration of Artificial Intelligence and IoT: Internet of Things sensors allow real-time monitoring of targeted remediation efforts and facilitate more precise. Artificial intelligence technology is used for employing better decision-making, prediction modeling, and data analysis.
Green and Sustainable Materials: Manufacturers focus on developing sustainable and eco-friendly remediation. These materials minimize environmental impacts and enhance the remediation process.
Mobile and Modular Solutions: Portable remediation systems allow easy deployment and adaptation to different contamination scenarios. It increases responsiveness and flexibility in addressing environmental challenges.
In-Situ Remediation Techniques: In-Situ remediation technology treats contamination without removing them from the site. Manufacturers improve and expand these technologies to reduce costs and minimize site disruption.
Collaboration and Partnerships: Manufacturers are partnering with environmental agencies, research institutions, and service providers to fuel the global market. These collaborations allow us to approach environmental remediation positively.
Compliance with Regulations: Manufacturers ensure remediation technologies with environmental standards and regulations. These technologies require wide and marketable by private enterprises and government agencies.

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Key Takeaways:

The environmental remediation technology market is estimated to register a CAGR of 7.8%, with a valuation of US$ 231.8 billion in 2033.
The United States is anticipated to dominate the global market by securing a share of 15.9% during the forecast period.
Germany is estimated to capture a share of 5.1% of the global market during the forecast period.
With a share of 4.0%, Japan is estimated to drive the global market by 2033.
Australia is estimated to register a share of 1.0% in the global market during the forecast period.

How are Key Players Adding Value in the Global Market?

The global market is highly competitive by the number of prominent players all around the region. They are developing innovative and advanced products to attract consumers and increase sales volume. These players drive the global market through various marketing strategies, including mergers, acquisitions, partnerships, and product launches.

Recent Developments in the Global Market are:

In 2021, Clean Harbors announced to offer remediation solutions for hazardous waste management and contaminated sites. The company is leading industrial and environmental services to manage waste.
In 2021, Bechtel Corporation offer an environmental remediation sector that manages projects related to construction and engineering.

Top Key Players in the Global Market

Bristol Industries, LLC.
MWH Global, Inc.
Tarmac International, Inc.
Sequoia Environmental Remediation Inc.
Environmental Remediation Resources Pty Ltd.
Entact LLC
GEO Inc.
ERSI
Newterra Ltd.
Golder Associates Corporation
Clean Harbors, Inc.

Detailed Market Breakdown: Comprehensive Full Report

Environmental Remediation Technology Market by Category

By Technology Type:

Thermal Desorption
Excavation or Dredging
Surfactant Enhanced Aquifer Remediation (SEAR)
Pump and Treat
Solidification and Stabilization
In Situ Oxidation
Soil Vapor Extraction
Bioremediation
Nonoremediation

By Application:

Oil and Gas
Mining and Forestry
Waste Disposal Sites
Agriculture
Automotive
Others

By Region:

North America
Latin America
Europe
Asia Pacific
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 ~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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Global Acaricide Market Projected to Reach USD 422.2 Million by 2033, Driven by a 4.5% CAGR

By 2033, the global acaricide market is projected to have grown from USD 271.8 million in 2023 to USD 422.2 million. Over the estimated period, the demand for acaricides is expected to grow at a CAGR of 4.5%.

The acaricide industry is driven by several key variables that contribute to its development and demand. A key factor is the rising incidence of pests and parasites, such as mites and ticks, which threaten human health, livestock, and agricultural products. As a result, effective acaricides are required to battle these pests and avoid infestations. Furthermore, growing public awareness of vector-borne illnesses transmitted by ticks and mites has increased the usefulness of acaricides in disease prevention. Furthermore, the development of the agricultural and livestock industries and the increasing need for high-quality harvests feed the demand for acaricides as an important component of integrated pest management methods.

While the acaricide industry is expanding, it is being hampered by various constraints. One key impediment is growing concern over acaricides’ environmental effects. The use of chemical-based acaricides raises concerns regarding non-target organism impacts, water pollution, and long-term ecological repercussions. Strict rules and compliance criteria are being implemented to guarantee the safe use of acaricides and reduce environmental concerns. Furthermore, resistance development among pests and mites is a concern since repeated exposure to acaricides might decrease efficiency. Developing creative and sustainable solutions while addressing these constraints is critical for the acaricide industry’s long-term development.

The acaricide industry offers several opportunities for expansion and innovation. The development of bio-based acaricides generated from natural sources is one such option. These eco-friendly pest control methods are effective while having a low environmental impact. Furthermore, the growing demand for organic and sustainable farming techniques opens a market for organic-certified acaricides. Furthermore, the increased use of precision agriculture and digital technology opens up the potential for better monitoring and tailored application of acaricides, enhancing effectiveness while lowering total consumption. Exploring these options may help you promote market growth while catering to changing customer tastes.

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The acaricide industry is experiencing notable shifts that are shaping its environment. The development of innovative acaricide formulations with higher effectiveness and sustained residual action is one important topic. These formulations provide longer-lasting pest control and minimize the frequency of administration. Another notable tendency is the use of acaricides in other pest management tactics like biological control and cultural approaches. This integrated approach to pest management gives a comprehensive and long-term solution. Furthermore, there is a rising emphasis on R&D to identify novel active ingredients and modes of action for acaricides, resolve resistance problems, and enhance target specificity. Adopting these current ideas promotes innovation and pushes the acaricide industry forward.

Key Takeaways from the Acaricide Market:

In 2023, the acaricide market in the United States dominates with a significant market share of 14.0%, reflecting a strong presence and adoption of acaricides in the country.
Germany holds a notable share of 7.2% in the acaricide industry in 2023, showcasing its substantial foothold and growing demand for acaricides in the German market.
Japan demonstrates a significant share of 7.4% in 2023, indicating a strong adoption of acaricides and their importance in the Japanese market.
Australia is projected to experience steady growth with a compound annual growth rate (CAGR) of 4.6% during the forecast period, indicating sustained market demand and increasing adoption of acaricides in the agricultural and pest control sectors.
China showcases a modest but steady growth trajectory with a CAGR of 3.7% during the forecast period.
India presents a robust growth potential with a CAGR of 4.8% during the forecast period, highlighting its growing market share and increasing adoption of acaricides in the agriculture and public health sectors.
The United Kingdom demonstrates a steady growth rate with a CAGR of 3.9% during the forecast period, signifying a stable market demand and consistent utilization of acaricides in the pest control and agriculture sectors.
By Type, the organo-phosphorus segment dominates the acaricide industry with a market share of 37.0%.
By application, agriculture emerges as the dominating segment within the acaricide industry, capturing a significant market share of 32.3%.

What are Key Players Doing to Thrive in the Acaricide Market?

The acaricide industry’s competitive landscape is characterized by several key players competing for market share. These key players in the acaricide industry compete based on factors such as product innovation, efficacy, safety, environmental sustainability, and customer support. They continuously strive to develop and introduce advanced acaricide solutions to meet the evolving needs of farmers, pest control professionals, and the agricultural industry as a whole.

Bayer AG: Bayer AG is a leading player in the acaricide industry, offering various effective and innovative solutions. The company leverages its expertise in crop science and research to develop products that address the specific needs of farmers and pest control professionals.
Syngenta AG: Syngenta AG is a global agrochemical company that offers a diverse portfolio of acaricides. The company focuses on developing sustainable and environmentally friendly solutions, ensuring effective pest control while minimizing the impact on non-target organisms.
BASF SE: BASF SE is a prominent player in the acaricide market, providing a comprehensive range of crop protection and pest management products. The company emphasizes research and development to deliver effective and safe acaricide solutions.
Corteva Agriscience: Corteva Agriscience is a leading agricultural technology company that offers a range of acaricides to control pests in agriculture. The company combines innovative science with advanced technologies to provide farmers with efficient and sustainable pest management solutions.

Key Market Participants of the Acaricide Market

Bayer Ag
Syngenta
Monsanto
Dupont
Basf Se
The Dow Chemical Company
Makhteshim
Nufarm
Sumitomo Chemicals
Arysta Lifescience.

Comprehensive Industry Report: A Full Market Analysis

Key Segments Profiled in the Acaricide Market Survey

By Type:

Natural
Arsenicals
Chlorinated hydrocarbons
Organo-phosphorous compounds
Others

By Application:

Animal husbandry
Agriculture
Others

By Mode:

Dipping vat
Spray
Spray race or Spray dip machine
Hand dressing
Others

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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 ~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