Parking Management Market: Projected Growth from $4.4 Billion in 2024 to $9.1 Billion by 2034

The global parking management market is projected to rise at a CAGR of 7.4% through 2034. The net valuation of the market increased from US$ 2.9 billion in 2019 to US$ 4.1 billion in 2023. The market is estimated to be valued at US$ 4.4 billion in 2024. The parking management solution demand is expected to reach US$ 9.1 billion by 2034.

Rapid urbanization, as well as an increase in personal vehicle owners, is the key reason for the growing lucrativeness of the parking management business. Initiatives for smart cities in developed as well as developing economies are increasing the demand for efficient urban parking management services.

Connected parking technologies and IoT integration at parking facilities have made the environment conducive for automated parking systems in many countries. The advent of mobile parking applications and contactless parking payment unified codes is anticipated to further fuel the market in the coming days.

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“As sales of EVs are growing rapidly, electric vehicle parking facilities with charging stations present a lucrative opportunity for market players. Likewise, combining GPS navigation apps for finding parking spots and multi-level parking facilities is expected to modernize the business landscape,” opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

Key Takeaways from the Parking Management Market Study Report

  • The United States parking management system market is projected to grow at a CAGR of 7.6% from 2024 to 2034.
  • In Europe, the United Kingdom market is poised to thrive at a CAGR of 7.9% through 2034.
  • China is the leading country in the adoption of parking management solutions in Asia and is poised to progress at an 8% CAGR through 2034.
  • The market in Japan is expected to witness a significant growth rate of 9% over the projected years.
  • South Korea is another remarkably growing market in Asia that is anticipated to advance at an 8.4% CAGR during the forecast years.

Competitive Landscape

The overall market is getting competitive gradually with the franchised expansion of some leading enterprises in recent years. However, the location-specific nature of this sector leaves enough room for the emergence of new parking service providers in developing economies and expanding cities.

Recent Developments in the Parking Management Industry Players

  • In February 2023, Parqour released its all-in-one parking management system that enables consumers to park and make contactless payments. It uses 99.6% accurate license plate recognition technology to streamline the parking experience for its clients, making vehicle parking more effortless. In addition, the firm has adopted a business model to provide smart parking as a service, upgrading clients’ parking infrastructure with hardware and software in exchange for a cut of future parking income.
  • In March 2022, WPS introduced a new open and adaptable parking solution at the Intertraffic 2022 event in Amsterdam. WPS is a leading parking management solution provider that aims to maximize legacy investment, improve the customer journey, and pave the way for emerging technologies. Its new cloud-based platform enables the integration of new and old equipment, including its own and third-party technologies, software applications, and operator services, to create a seamless parking solution.

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Key Companies Profiled        

  • Amano
  • Atos
  • Bosch Group
  • Chetu
  • CivicSmart
  • FlashParking

Key Segments Covered by Parking Management Industry Survey Report

By Solution Type:

  • Access Control
  • Security & Surveillance
  • Revenue Management
  • Parking Reservation Management
  • Valet Parking Management
  • Other Solutions

By Service Type:

  • Consulting Services
  • System Integration and Deployment
  • Support and Maintenance
  • Other Services

By Deployment Type:

  • Cloud
  • On-premise

By Parking Site:

  • On-street
  • Off-street

By Off-street Parking Site:

  • Garage Parking
  • Lot Parking

By Application:

  • Transport Transit
  • Commercial
  • Government
  • Other Applications

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia and Pacific Market
  • Middle East and Africa (MEA) Market

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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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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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DataOps Platform Market to Surge to $32.7 Billion by 2034 with a 23.3% CAGR – FMI

It is projected that the size of the global DataOps platform market will reach US$ 4.0 billion by 2024. The market is anticipated to expand at a CAGR of 23.3% between 2024 and 2034. By 2034, the market is expected to be valued at US$ 32.7 billion.

In the past, businesses frequently depended on traditional data management methods. These mostly focused on compartmentalized methods of data processing, analysis, and storage. These methods were labor-intensive, manual, and lacked scalability.

Early in the new millennium, there was a demand for a better, more cooperative software solution development and deployment process. The DevOps movement, which aims to continuously integrate automation and data, was born out of this.

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When businesses started implementing DevOps principles in the middle of the 2010s, data quality management in DataOps started to gain traction. The new platform made it easier to apply agile, collaborative, and automated approaches to data management and storage procedures. This further made it possible for firms to avoid problems like data silos, poor data quality, and slow time to insights.

DataOps platform demand is expected to soar in tandem with the government’s growing expenditures on cutting-edge technologies. It is anticipated that the government’s funding will spur the growth of infrastructure and data analytics skills, which will increase demand for DataOps platforms.

Key Takeaways from the DataOps Platform Market Study:

  • In terms of components, the platform segment is projected to showcase a CAGR of around 8% from 2024 to 2034.
  • Based on type, the agile development category is anticipated to rise at a CAGR of 1% in the forecast period.
  • China’s DataOps platform market is expected to showcase a CAGR of 9% through 2034.
  • The United Kingdom is anticipated to attain a value of about US$ 1.3 billion by 2034.
  • Japan’s DataOps platform market is expected to rise at a CAGR of 4% from 2024 to 2034.

“The increasing need for workflow management, data processing automation, and predictive analytics is anticipated to drive the integration of machine learning and artificial intelligence (AI) capabilities.  Organizations are searching for sophisticated technologies like DataOps platforms to handle a variety of data quantities, formats, and sources as they frequently work with complicated data environments,” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Leading Key Players:

  • Microsoft
  • IBM
  • Oracle
  • AWS
  • Informatica
  • Teradata
  • Wipro

Competitive Landscape:

Top players in the DataOps platform space are concentrating on continuously innovating their internal platforms to offer new functionalities, such as AI tools, automated workflows, real-time monitoring, machine learning capabilities, and big data volume management. In order to offer clients specialized solutions and assistance in utilizing complementary technologies, they are also collaborating with consulting firms and technology vendors. Simultaneously, they are investing in customer assistance in order to provide seamless troubleshooting, customization, and onboarding processes to clients.

For instance,

  • The Tantor Data Platform was introduced by Bengaluru-based software business Translab Technologies Pvt Ltd in December 2023. The organization wants to change how businesses use, evolve, and manage data.
  • During the Big Data London conference in September 2023, live released a new book titled ‘Data Products for Dummies.’ It is anticipated that those seeking to increase the value of their data assets on a personal and professional level will turn to the book as their go-to source.

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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the DataOps platform market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on solution type (agile development, DevOps, and lean manufacturing), component (platform and services), application (cloud and on-premises), and region.

DataOps Platform Market Outlook by Category:

By Type:

  • Agile Development
  • DevOps
  • Lean Manufacturing

By Component:

  • Platform
  • Services

By Application:

  • Cloud
  • On-premises

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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
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Edge Security Market to Surge from $24 Billion in 2024 to $174 Billion by 2034, Driven by a 21.9% CAGR

The global edge security market is anticipated to reach a valuation of US$ 24.0 billion in 2024, driven by partnerships and collaborations. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 21.9% between 2024 and 2034, and reaching a total valuation of US$ 174.0 billion by 2034.

Organizations require centralized management and orchestration capabilities to ensure consistent security policies and enforcement across edge, cloud, and on premises environments. Edge to cloud security orchestration platforms enable unified visibility, control, and automation of security workflows across distributed infrastructure.

The adoption of Edge Security as a Service model enables organizations to leverage cloud based security offerings tailored to edge computing environments. SECaaS solutions provide scalable, subscription based security services, including threat detection, incident response, and compliance management, without the need for upfront infrastructure investment.

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Data privacy regulations and compliance requirements mandate robust security measures to protect sensitive data processed at the edge. Edge security solutions that incorporate data encryption, anonymization, and access controls help organizations achieve regulatory compliance while safeguarding data privacy.

Various industry verticals such as manufacturing, energy, retail, and telecommunications are increasingly adopting edge computing to enable real time data processing and decision making. Edge security solutions tailored to specific industry requirements, such as industrial IoT security, energy grid security, and retail edge security, are in high demand.

The proliferation of edge devices, including smartphones, tablets, IoT devices, and connected appliances, increases the complexity of securing the edge ecosystem. Edge security solutions that provide device identity management, authentication, and integrity verification help mitigate security risks associated with diverse and decentralized edge device fleets.

Key Takeaways from the Market Study

  • Global edge security market was valued at US$ 19.2 billion in 2023.
  • From 2019 to 2023, the market demand expanded at a CAGR of 25.9%.
  • The market in Japan is expected to expand at a CAGR of 23.1% through 2034.
  • By component, the solution segment to account for a CAGR of 21.6% through 2034.
  • The absolute dollar growth of the market is projected to reach a value of US$ 150.0 billion during the forecast period
  • The market in the United Kingdom is expected to expand at a CAGR of 0% through 2034.

“Integration of threat intelligence feeds and security analytics platforms enables organizations to correlate and analyze security events across edge and cloud environments. These help proactively identify and mitigate security threats in real time, enhancing security posture and incident response capabilities,” opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

Competitive Landscape

Prominent players in the edge security market are Broadcom, Inc, Cisco Systems, Inc, Palo Alto Networks, Inc, Check Point Software Technologies Ltd., Fortinet, Inc, Zscaler, Inc., Cloudflare, Inc, F5 Networks, Citrix Systems, Inc, and Forcepoint LLC, among others.

Key Developments

  • In 2022, Fortinet announced the release of FortiOS 7.2, a pivotal update to its operating system and the cornerstone of the Fortinet Security Fabric. Fortinet, with the introduction of over 300 new capabilities, enhances its ability to focus on security across every network edge while integrating the scalability and performance required to detect and mitigate threats across the entire infrastructure of an organization.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global edge security market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the edge security market, the market is segmented on the basis of component (solution, services), and deployment mode (cloud, on premise), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Segmentation Analysis of the Edge Security Market

By Component:

  • Solution
  • Services

By Deployment Mode:

  • Cloud
  • On Premise

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

Unlock Valuable Insights – Purchase Today!

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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Explosive Growth in Automated Machine Learning Market: From $700 Million in 2023 to $42.2 Billion by 2034

The market for automated machine learning was valued at US$ 0.7 billion in 2023 and is projected to grow at a steady CAGR of 44.9% between 2024 and 2034 to reach a worldwide market size of US$ 42.2 billion. It is anticipated that the automated machine learning industry would be valued at $1 billion by 2024.

One of the key drivers is the increasing need for data-based insights, which is being driven by advancements in AI technology. The dearth of trained data scientists and the rapid growth of complicated information are driving the demand for automated solutions to streamline processes and fully use data analytics.

The potential for automated machine learning to democratize artificial intelligence and make it available to companies of all sizes presents opportunities. The industry has opportunities for innovation in specialized sectors like predictive maintenance and tailored healthcare. Growing applications in industries like retail and finance offer chances for expansion and diversification.

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Key Takeaways from the Market Analysis

  • The global demand for automated machine learning reached US$ 100 million in 2019.
  • The standalone segment is anticipated to develop at a 44.7% CAGR during the projection period.
  • It is anticipated that the feature engineering category would reach a 52.4% global market share by 2024.
  • It is projected that automated machine learning in the United States will advance at a CAGR of 45% by 2034.
  • The market in the United Kingdom is anticipated to rise through 2034 at a 46.1% CAGR.
  • China’s automated machine learning ecosystem will evolve at a 45.4% CAGR between 2024 and 2034.

“The growing need for data-driven decision-making, the development of AI technology, the scarcity of qualified data scientists, and the volume and complexity of data produced by companies are the factors propelling the automated machine learning market,” says an FMI analyst.

Competitive Landscape

Companies in the automated machine learning market concentrate on providing advisory services, subscription-based licensing models, and specialized solutions made to meet the demands of particular industries in order to increase income. In order to broaden their market reach and improve their product offerings, they participate in strategic alliances, mergers, and acquisitions.

Companies also spend money on marketing campaigns to spread the word about the advantages of automated machine learning and showcase their knowledge through training courses, conferences, and thought leadership.

Companies with minimal data science skills might benefit from the innovative user-friendly platforms that automated machine learning startups are creating to democratize AI. They set themselves apart by providing customized solutions for certain markets or use cases, such financial forecasts or medical diagnostics.

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Key Developments

  • In 2023, DataRobot updated its platform for developing machine learning applications, including AI accelerators and additional partner interfaces- DataRobot AI Platform 9.0. The platform serves as the core center of AI endeavors, providing tools for all of the essential coding and software deployment responsibilities associated with machine learning applications.

In November 2023, Amazon Web Services Inc. launched Amazon Q, a new form of generative AI-powered assistant designed exclusively for work and customizable to a customer’s needs. Based on their knowledge repositories, code, and corporate systems, customers may develop content, take action, and receive prompt, pertinent responses to urgent issues.

Key Segments Profiled in the Automated Machine Learning Market

By Solution:

  • Standalone
  • On-Premises

By Automation Type:

  • Feature Engineering
  • Data Processing
  • Data Modelling
  • Visualization
  • Others

By End User:

  • BFSI
  • Retail and E-Commerce
  • Healthcare
  • Manufacturing
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East & Africa

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights

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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Casinos with Bitcoin Down Payment: A Comprehensive Guide

Bitcoin has actually ended up being a popular form of repayment in the online gambling establishment world due to its privacy, protection, and convenience of usage. In this write-up, we will certainly discover the top casino sites that approve Bitcoin deposits and provide you with all the information you need to understand before beginning.

What is Bitcoin?

Bitcoin is a decentralized digital currency that allows individuals to make purchases without the demand for a 3rd party such as a bank. It was developed in 2009 by an unknown person or group of individuals utilizing the pseudonym Satoshi Nakamoto. Bitcoin purchases are recorded on a public ledger called the blockchain, which makes sure openness and protection.

Bitcoin can be gotten, sold, and exchanged for various other currencies on various on the internet systems. It can also be made use of to make purchases or settlements at participating sellers and on-line casinos.

Among the vital benefits of using Bitcoin is that transactions are fast, safe and secure, and confidential. This makes it a perfect settlement method for on the internet gaming, where personal privacy and safety are vital.

  • Rapid transactions
  • Protection and anonymity
  • Decentralized
  • Clear

Leading Online Casinos with Bitcoin Down Payment

There are numerous online casinos that accept Bitcoin down payments, yet not all of them are developed equivalent. To assist you navigate the world of Bitcoin gaming, we have assembled a listing of the top gambling enterprises with Bitcoin deposit alternatives.

These online casinos offer a wide variety of games, attractive perks, and safe and secure settlement alternatives, making them a prominent option amongst gamers who favor to make use of Bitcoin as their primary settlement approach.

Exactly How to Deposit Bitcoin at an Online Gambling establishment

Transferring Bitcoin at an on-line gambling establishment is a simple and straightforward process. To start, you will need to create an account at the gambling enterprise of your choice and pick Bitcoin as your preferred settlement technique.

Once you have actually picked Bitcoin as your repayment option, you will be provided with a special Bitcoin address to which you can send your funds. Just copy and paste this address right into your Bitcoin pocketbook and confirm the deal. Your funds need to show up in your gambling enterprise account within a couple of minutes, enabling you to begin playing your favored games right away.

It is essential to note that some gambling establishments may need added verification actions when depositing or taking out funds in Bitcoin, so make sure to read the conditions very carefully before making a deposit.

Benefits of Making Use Of Bitcoin at Online Casino Sites

There are numerous benefits to utilizing Bitcoin as a deposit approach at online casino sites. Several of the essential advantages include:

  • Raised privacy and safety and security
  • Fast and seamless purchases
  • No demand for third-party confirmation
  • Access to unique betmotion bonus offers and promos

Final thought

Bitcoin has actually changed the on-line betting sector by providing players with a safe and secure, confidential, and convenient payment approach. With an expanding number of on the internet casino sites currently approving Bitcoin deposits, players can enjoy rabona casino è sicuro a vast array of games and eye-catching benefits while preserving their privacy and safety and security.

Begin dipping into among the top Bitcoin casinos today and experience the future of on-line gaming!

Bear in mind to bet sensibly and never bet greater than you can afford to shed. Good luck!

Vegan Casing Market: Business Strategies and Surging Demand to Drive High Growth Rate by 2032

Vegan Casing Market

The global vegan casing market size is set to witness growth at a CAGR of 7.3% and top a valuation of US$ 4.4 Bn by 2032. Sausage, whether in the form of currywurst, hot dog, or salami stick, is a classic snack.  

Vegan casings based on alginate, are the ideal casing for all of these sausages, with the help of which, sausages of all conventional sizes can be created using co-extrusion. This factor is likely to increase the vegan casing market share in the coming year. 

Vegan casings represent a breakthrough in sausage production. In the process, in a calcium bath, a liquid alginate layer is applied to the sausage mass and solidified into a rigid shape. As a result, the sausages come with a robust and tasty casing that gives them a sharp bite which rises in the adoption of vegan casing in the market. 

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Furthermore, this case is continued to be available in an unlimited quantity the sausages, as well as providing processing benefits to the product is likely to increase the sales of vegan casing in the market. 

In the process, a complicated mix of highly reactive starch and hydrocolloids are used to stabilize the system. The end product from the process, when exposed to a calcium chloride solution, generates synergistic effects resulting in the creation of a vegan casing with good tensile strength and elasticity which anticipated to increase the vegan casing market growth. 

Key Takeaways from Market Study 

  • The vegan casing market statistics is worth US$ 2.2 Bn sales in 2022.
  • The vegan casing market share is expected to expand at a CAGR of 7.3% through 2032.
  • Demand for vegan casing is projected to grow year-on-year (Y-o-Y) growth of 6.6% in 2022.
  • The vegan casing market trend is growing with a notable boost towards production to reach US$ 4.4 Bn by 2032.
  • High product demand from the food service industry, soaring production of raw materials, and tasty and convenient product forms are the factors driving the growth of the market and to be the influencing factors among consumers, which is driving sales of vegan casing across global markets.
  • Demand for vegan casing grew at 6.4% CAGR between 2017 and 2021.
  • Euroduna Food Ingredients GmbH, Weschenfelder Direct Ltd, Dunninghams Ltd, Viscofan Group, and The Sausage Maker Inc. are expected to be the top players in the industry.
  • Vegan casing market trends & opportunities are along with fresh vegan casing, 20-26mm Caliber, edible casings as end use, and B2C sales channel are rising heavy demand from food industry carrying a notable market share.

“For best results in the vegan casing products, sausage mass and casing should be well adapted to each other, especially for scalded sausage. Stabilizing sausages with vegan casing is a great benefit to manufacturers as the right stabilization for the sausage mass can be offered by this method. Also, when the vegan process is going on, one should keep a note of specific salt content, phosphate content, and viscosity of the mass,” says a Future Market Insights analyst. 

Competitive Landscape 

Key vegan casing brands are conducting several research and looking for new strategic partnerships, while key business brands are focusing on developing the applications in the food industry to generate high-quality food and beverage solutions.  

The top players are focusing on new formulations and product innovations to gain more revenue in the adoption of vegan casing and attract more customers to the product. 

In 2021, Viscofan’s edible vegan casings introduced to the market in India, aiming to meet the growing demand for plant-based sausages in the country. 

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

The study offers compelling insights based on product type (fresh vegan casing and processed vegan casing), product caliber (below 20mm caliber, 20-26mm caliber, 26-32mm caliber, and above 32mm caliber), end use (edible casings and non-edible casings), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world. 

About Food & Beverage Division at Future Market Insights 

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement. 

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 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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Salad Oil Market Poised for Significant Growth, Projected to Hit USD 348 Billion by 2032

Salad Oil Market

The Salad Oil Market is witnessing a remarkable surge in demand as health-conscious consumers increasingly opt for nutritious and convenient food options. The market’s growth is fueled by the rising awareness of the benefits associated with incorporating salads into regular diets, such as weight management and improved overall health.

The global salad oil industry is projected to reach approximately US$348 billion in revenue by 2032, up from US$177 billion in 2022, and to grow at a CAGR of 6.9% over the forecast period (2022-2032).

Demand for salad oil is gaining momentum as consumer behavior and eating habits change from serving the same number of dishes to new food variants and a wide variety of tastes.

Salad oil is used in the food processing industry mainly, in the preparation of salad dressing, bakery mixes, mayonnaise, and also for pizza crust. In households, hotels, and restaurants, salad oil is used for salad dressing preparation as well as for preparing cold dishes, such as bread dips, and drizzling over food.

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Health Benefits Offered by Salad Oil Consumption is Propelling the Global Salad Oil Market

The global salad oil industry is mainly driven by the increasing consumption of processed food products such as mayonnaise, salad dressings, etc. Mayonnaise and salad dressing products first originated in the European region and are consumed on a large scale in European countries. And since the adoption of European food culture worldwide is increasing, salad consumption and introduction, such as antipasto, have increased enormously. And in turn, the demand for salad oil is surging in the global market.

Polyphenols have antioxidant properties and have been discussed to reduce the risk of diabetes, cardiovascular problems, and neurodegenerative diseases. Since the prevalence of diabetes, obesity, cardiovascular diseases, etc. is increasing in the world, the health-conscious populace is also increasing. The rise in health consciousness around the globe is increasing the opportunity for healthy products, including salad oil. This is driving the global salad oil market.

Salad Oil Market: Regional Analysis

Currently, the global salad oil industry is majorly occupied by the North American and European region due to the regular consumption of salad and salad dressing products such as salad oil. In the Asia Pacific and the Middle East and African region, due to the changing food culture and eating habits, salad oil demand is on the surging.

Additionally, due to the increasing middle-class population and middle-class population income is creating a positive scenario in the global salad oil market, since the purchasing power of the customer is increasing in these regions.

Salad Oil Market: Key Participants

Some of the market participants in the salad oil industry are:

  • Trio Agencies
  • Melrose Plc
  • Bio Planete F.J. Moog SAS
  • Salad Oils International Corporation
  • Cargill Inc.
  • PYCO Industries
  • Avatar Corporation
  • COFCO Corporation
  • Sovena Group
  • Stratas Foods
  • Maeva Group International

The research report presents a comprehensive assessment of the salad oil industry and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as nature, sources, end use, and distribution channel.

The report covers exhaustive analysis on:

  • Salad Oil Market Segments
  • Salad Oil Market Dynamics
  • Salad Oil Market Size
  • Salad Oil Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Salad Oil industry
  • Competition Landscape and Emerging Market Participants in Salad Oil Market
  • Technology related to Production/Processing of Salad Oil
  • Value Chain Analysis of the Salad oil industry

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Salad Oil Market Segmentation

The salad oil market can be segmented on the basis of nature, Sources, end use, and distribution channel.

On the basis of nature, the salad oil market can be segmented as:

  • Organic
  • Conventional

On the basis of sources, the salad oil market can be segmented as:

  • Peanut Oil
  • Corn Oil
  • Cottonseed Oil
  • Soybean Oil
  • Sunflower Oil
  • Canola Oil
  • Olive Oil

On the basis of end use, the salad oil market can be segmented as:

  • Food Processing
  • HoReCa/Household

On the basis of distribution channel, the salad oil market can be segmented as:

  • Direct Sales Channel/B2B
  • Indirect Sales Channel/B2C
  • Hypermarket/Supermarket
  • Online Retail
  • Specialty Store
  • Convenience Store

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 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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Lactose Free Probiotic Yogurt Market to Hit USD 25.05 Billion by 2032, Growing at 6.3% CAGR

Lactose Free Probiotic Yogurt Market

The Lactose-Free Probiotic Yogurt Market has witnessed remarkable growth in recent years, catering to the growing demand from lactose-intolerant consumers seeking healthy dairy alternatives. This specialized yogurt variant offers the goodness of probiotics without triggering discomfort caused by lactose intolerance. The market is driven by health-conscious consumers embracing gut-friendly products that promote digestive health and overall well-being.

The global lactose free probiotic yogurt industry is forecasted to be appraised at US$ 25.05 billion by 2032, up from US$ 13.6 billion in 2022, advancing at a CAGR of 6.3% during the forecast period.

Lactose free probiotic yogurt is made without milk’s sugar lactose, and the market includes cheese, yogurt, desserts, and ice creams that are comprised of very less or no lactose content. These products offer nutritional advantages, and the market demand for lactose free probiotic yogurt is likely to get spiked by its rising use by consumers.

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Lactose Free Probiotic Yogurt Market- Notable Highlights

Some of the leading players in the lactose free probiotic yogurt industry are Dean Foods, Nestle, Arla Foods, The Danone Company Inc., Green Valley Organics, Kerry Group, Crowley Foods, Shamrock Foods Company, McNeil Nutritionals, Doves Farm Foods, Galaxy Nutritional Foods, Cargill, Daiya Foods, and Edlong Dairy Technologies.

  • Danone North America has opened new facility to increase production of its plant-based food products. The facility is likely to produce Vega yogurt alternatives and nutritional powder, along with Silk yogurt alternatives.
  • Nongfu Spring has launched vegan yogurt product in China. This product is the first mainstream plant-based yogurt in the country.
  • Oatly, a Swedish vegan brand has introduced a drinkable yogurt made using fermented oats. The new product known as Oatgurt will be provided in four flavors including strawberry, vanilla, lemon elderflower, and natural.

Lactose Free Probiotic Yogurt Market Dynamics

Rising Levels of Lactose Intolerance Driving Lactose Free Probiotic Yogurt industry

Some ethnic groups across countries are more lactose intolerant than others. According to the National Institutes of Health, around 65% of the global population is lactose intolerance. This is driving the demand for lactose free food products including lactose free probiotic yogurt. In response to growing demand for lactose free yogurt and other dairy products, food producers are focusing on using vegan milks made from peanuts, hazelnuts, rice, coconuts to produce lactose free probiotic yogurt.

Manufacturers in lactose free probiotic yogurt market are using lactases, neutral lactases is mostly used for production of lactose-free dairy products. Moreover, starter culture of live bacteria is also added in lactose free yogurt to enhance the probiotic content. Although yogurt naturally contain various types of probiotics, some manufacturers are adding additional probiotics which may include Lactobacillus acidophilus as it helps in reducing lactose, making it easy to consume probiotic yogurt for people with lactose intolerance.

Coconut Milk Yogurt Gaining Popularity in Lactose Free Probiotic Yogurt Market

Coconut milk yogurt has emerged as one of the top dairy free and lactose free source of probiotics. While Greek yogurt contains less lactose as compared to traditional milk yogurt, majority of the people with lactose intolerance are avoiding these yogurt products while switching to vegan style and lactose free probiotic yogurt such as coconut milk based yogurt. The probiotics in coconut milk yogurt offers probiotics that help to regulate digestive health by providing healthy gut bacteria. Manufacturers in lactose free probiotic yogurt market are combining coconut milk with flavorings, fruits, and active cultures in order to produce vegan yogurt with nutritional benefits. Consumers are also making their own coconut milk yogurt using canned coconut milk and powdered probiotics.

Soy, almond, and coconut are popular dairy-free yogurt bases. A few years back soy used to be popular base for dairy-free yogurt, however, food producers are providing consumers with new option, this has increased the popularity of coconut milk used as a base for yogurt.

High Cost and Poor Taste to Challenge Growth in the Lactose Free Probiotic Yogurt Market

Driven by consumer perception of dairy-free products as healthier alternatives to dairy products along with the rise in vegan population, dairy-free products made using plant-based sources are gaining popularity. However, low on taste and high cost of dairy-free products including lactose free probiotic yogurt are emerging as the challenges.

Specialty products such as non-dairy cheese and lactose free probiotic yogurt are expansive as compared to lactose containing products. Owing to the complex resources and manufacturing process, the cost of lactose-free probiotic yogurt is high. Moreover, high price of alternate milk sources also adds to the cost of lactose-free probiotic yogurt. In terms of taste, dairy-free products such as lactose free probiotic yogurt often taste different than regular dairy products. However, food producers are focusing on the ingredients in these products in order to enhance the taste and texture of lactose-free dairy products.

The report on the lactose free probiotic yogurt market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global lactose free probiotic yogurt market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with lactose free probiotic yogurt market attractiveness as per segments. The report also maps the qualitative impact of various factors on lactose free probiotic yogurt market segments and geographies.

Lactose-Free Probiotic Yogurt Market Segmentation

Based on the distribution channel, the lactose free probiotic yogurt market is segmented into

  • Hypermarket/supermarket
  • Convenience stores
  • Specialty stores
  • E-retailers

Based on the nature, the lactose free probiotic yogurt market is segmented into 

  • Conventional
  • Organic

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Report Highlights:

  • A detailed overview of parent market
  • Changing lactose free probiotic yogurt market dynamics in the industry
  • In-depth lactose free probiotic yogurt market segmentation
  • Historical, current, and projected lactose free probiotic yogurt market size regarding volume and value
  • Recent industry trends and developments in lactose free probiotic yogurt market
  • Competitive landscape of the lactose free probiotic yogurt industry
  • Strategies for key players and products offered in the lactose free probiotic yogurt market
  • Potential and niche segments, geographical regions exhibiting promising growth in lactose free probiotic yogurt market
  • A neutral perspective on lactose free probiotic yogurt market performance
  • Must-have information for lactose free probiotic yogurt market players to sustain and enhance their market footprint

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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Natural Source Vitamin E Market Expected to Hit USD 1.75 Billion with 8% CAGR by 2032, Says FMI

The global natural source vitamin E market stands at US$ 0.81 Bn as of now and is expected to reach US$ 1.75 Bn by the year 2032 at a CAGR of 8% between 2022 and 2032.

With growing awareness about health and wellness amongst the millennials, the natural source vitamin E market is expected to grow on an astounding note in the forecast period. Natural source vitamin E is a popular dietary supplement as well. It is being effectively utilized in the form of fortifying micronutrient. With increase in healthcare spending, the customers are opting for high-quality, purified, and concentrated nutrients.

The geriatric population is also in need of natural source vitamin E, as the age factor results in more of ‘tear’ and less of ‘wear’. In all, the trend to consume minimally-processed, naturally-sourced, and sustainable food ingredients is fueling the natural source vitamin E market and the status quo is expected to continue even going forward.

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It is a known fact that supplements from the natural origin have turned out to be mainstream, particularly amongst the present generation.

Vitamin E, in its natural source, is available as highly fractioned D-alpha-tocopherol or in the form of its esters. Alpha-tocopherol is known for meeting requirements of human nutrition (out of 8 chemical forms). Accepted units include IU (International Units), in which 1 IU of the vitamin E equates with 0.67 mg d-α-tocopherol (natural vitamin E). The tocotrienols are less common as far as forms of vitamin E are concerned, as tocopherols are available in abundance.

Tocotrienols are used to address genetic disorders, scars, higher cholesterol, and treating certain cancers. They take care of bone and heart as well.

Fortified foods turn out to be economical, convenient, accessible, safe, and affordable platforms for adding micronutrients like vitamin E. Regular intake of vitamin E helps in improvement of immunity, reproduction, health, and meat quality in livestock feed industry.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Natural Source Vitamin E Market’. It has its indigenous team of analysts and consultants to execute. There is every mode of research into incorporation – primary, secondary and tertiary, that too, with bottom-up approach employed.

“With vitamin E proving to be useful in skin care and cosmetics as well, the global natural source vitamin E market is bound to grow on a grand note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Natural Source Vitamin E Market

  • North America holds more than 40% of the market share. This could be attributed to growing preference for intake of vitamin E in the US.
  • Europe holds more than 25% of the market share due to the end-consumers vying for healthy lifestyles.
  • The Asia-Pacific is expected to grow at the fastest rate in the natural source vitamin E market going forward. This could be reasoned with countries like India and China being home to millennials opting for foodstuff rich in vitamins.
  • As per the FAO, Mexico is the largest producer of milk in LATAM. It has been investing in manufacturing animal feed of better quality with the incorporation of natural source vitamin E, so as to maintain the productivity. This shows that LATAM would be one of the major contributors to natural source vitamin E market in the years to come.

Competitive Arena

  • DuPont Nutrition & Health, in June 2018, did launch naturally sourced mixed tocopherols product called ‘GUARDIAN TOCO 30P’. In powdered form, the product actually helps in simplifying concerns regarding manufacturing; like homogeneous distribution, labor-intensive clean-up, handling, and application equipment limitations and costs.
  • Archer Daniels Midland Company, since the year 2015, has its two novel natural source vitamin E products called ‘Novatol Sunflower 5-67 Vitamin E’ and ‘Novatol Sunflower Vitamin E Succinate’.

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What does the Report source?

  • The research study is based on type (tocopherols and tocotrienols), and by application (food & beverages, health & wellness, and cosmetics).
  • With realization of the fact that deficiency of vitamin E could increase risks of various degenerative diseases, the global natural source vitamin E market is bound to grow on a graceful note in the forecast period.

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 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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Carmine Alternatives Market to Experience 5.6% CAGR Growth Until 2032

Carmine Alternatives

The carmine alternatives market is likely to increase its market space in the global market as it thrives on a CAGR of 5.6%. The market is valued at US$ 21.93 Mn in 2022 and will reach the value of US$ 35.81 Mn by 2032.

The Increasing Health Halo Around the Plant-based Products is Driving the Global Carmine Alternatives Market

The global carmine alternatives market is significantly driven by the rising consumer trend for natural and plant-based products. Carmine is produced from the ground bodies of cochineal insects using a chemical process which leads to the retained chemical and other additives in the final products and also in the food products. Moreover, the carmine is able to trigger an allergic reaction in a particular class of the population. Considering the whole buzz around the plant-based and natural products, carmine alternatives have increased market opportunity.

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Carmine alternatives derived from mostly fruits and vegetables have increased demand from the developing nations due to the favorable government policies and a flourishing food and beverage industry, cosmetics and personal care products industry. The per capita consumption of food and beverage and cosmetics in Asian and Middle Eastern and African region is increasing at a significant rate. This is creating the positive outlook in the global carmine alternatives market.

Cochineal production is tempered by the fluctuating climatic conditions leading to the volatile prices of carmine. Therefore, the food and beverages and cosmetics manufacturers are turning away from carmine and are looking for carmine alternatives. These carmine alternatives are not only plant-based but also cost-effective products. Many manufacturers are investing and searching for carmine alternatives since the high and volatile prices of carmine in the global market are resulting in uncertainty.

Carmine Alternatives Market: Regional Analysis

North American and European regions are the major markets in the global carmine alternatives market. However, Asia is anticipated to witness the highest growth rate over the forecast period in the global carmine alternatives market, followed by Middle Eastern and African Market.

The increasing consumption of processed food products and cosmetics due to the increasing purchasing power is driving the carmine alternatives market in these regions. The positive changes in the country’s GDP, increasing middle-class population and increasing income of the middle-class working population are affecting the purchasing power of the consumers in a positive way and creating positive outlook in the global carmine alternatives market.

Carmine Alternatives Market: Key Participants

Some of the market participants in the carmine alternatives market are:

  • Hansen A/S
  • Sensient Colors LLC.
  • Kalsec
  • DDW The Colour House
  • Archer Daniels Midland Company
  • GNT Group B.V.
  • Roha Dyechem Pvt. Ltd.

The research report presents a comprehensive assessment of the carmine alternatives market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, grade, and end use.

The report covers exhaustive analysis on:

  • Carmine Alternatives Market Segment
  • Carmine Alternatives Market Dynamics
  • Carmine Alternatives Market Size
  • Carmine Alternatives Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Carmine Alternatives Market
  • Competition Landscape and Emerging Market Participants in Carmine Alternatives Market
  • Technology related to Production/Processing of Carmine Alternatives
  • Value Chain Analysis of the Carmine Alternatives Market

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Carmine Alternatives Market Segmentation

On the basis of form, the carmine alternatives market can be segmented as:

  • Dry
  • Liquid

On the basis of source, the carmine alternatives market can be segmented as:

  • Fruit
  • Vegetable
  • Other Plants

On the basis of end use, the carmine alternatives market can be segmented as:

  • Food and Beverage
  • Bakery & Confectionery
  • Dairy
  • Alcoholic Drinks
  • Meat Products
  • Cosmetics and Personal Care Products

On the basis of distribution channel, the carmine alternatives market can be segmented as:

  • Direct Sales Channel/ B2B
  • Indirect Sales Channel/B2C
  • Hypermarket/Supermarket
  • Specialty Stores
  • Online Retail
  • Other Retail Format

Don’t Miss Out on the Report, Buy Now! 

Report Highlights:

  • Detailed overview of parent market
  • Changing dynamics of the carmine alternatives market in the industry
  • In-depth market segmentation and analysis
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments in the carmine alternatives market
  • Competitive landscape of the carmine alternatives market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on carmine alternatives market performance
  • Must-have information for carmine alternatives market players to sustain and enhance their market footprint

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 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
LinkedIn| Twitter| Blogs | YouTube