Fortified Foods Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis And Share By Forecast 2027

FMIApproximately 2 billion people across the world still lack access to the essential minerals and vitamins needed for a healthy and sustainable lifestyle. That is why food fortification programmes are actively encouraged by national governments, especially in developing nations. Future Market Insights has prepared an insightful report on the global fortified foods market titled ‘Fortified Foods Market: Global Industry Analysis 2013-2018 and Opportunity Assessment 2019-2027’. The fortified foods market is expected to push past US$ 500 Bn by the end of the forecast period witnessing a CAGR of 6.3% in terms of value during the forecast period.

Milk and milk products fortified with Vitamin D are critical in the North America fortified foods market and the basic foods segment is expected to push past US$ 20 Bn by the end of the decade long study. Margarine fortification is also gaining substantial traction and companies actively involved in the fortified foods market would do well to take this into cognizance.

With the rising prevalence of nutritional deficiencies, particularly in the developing world, food fortification programmes have taken shape in the form of public health initiatives. Statistical studies have proven that iodine fortification has decreased the incidence of goitre by almost 90%.

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Focus on basic foods instead of processed foods in the fortified foods market

The basic foods application segment of the global fortified foods market is predicted to reach just under US$ 94 Bn by the end of the forecast period. The yoghurt and others sub-segments have the largest contribution to the fortified foods market with the former alone being approximately 2/5th of the basic foods segment in terms of value.

The highest CAGR is anticipated to be in the basic foods segment as milk and milk products are rich in calcium and are perfect to combat vitamin D and calcium deficiency across the globe. Therefore, fortification of basic foods is far more critical than that of processed foods in the fortified foods market. Yoghurt fortification is poised to witness a robust CAGR of 6.7% from 2019-2027, meaning that key stakeholders in the fortified foods market would do well to target this segment with customised strategies.

Competition Landscape in the Fortified Foods Market

Future Market Insights has profiled some of the most prominent companies’ active in the fortified foods market. These include Nestlé S.A., BASF SE, General Mills, Tata Chemicals Limited, Mondelēz International, Cargill Incorporated, Danone, Bühler AG, Bunge Limited, Unilever PLC, Koninklijke DSM NV, Stern-Wywiol Gruppe GmbH & Co. KG, Arla Foods amba, Nutritional Holdings (Pty) Limited, Dr. Paul Lohmann GmbH KG Chemische Fabrik, Wright Enrichment Inc., Gastaldi Hermanos, Sinokrot Global, Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi, and Corbion NV.

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Global Fortified Foods Market Taxonomy

Application

  • Basic Food
    • Cheese
    • Butter
    • Yoghurt
    • Others
  • Processed Food
  • Extruded Products
    • Pasta
    • Snacks Food
  • Powdered Products
    • Infant Formula and Cereals
    • Powdered Beverages
  • Value added Food
    • Juice
    • Condiments

Micronutrients

  • Vitamins
    • Vitamin A
    • Vitamin B
      • Thiamine (Vit B1)
      • Riboflavin (Vit B2)
      • Niacin (Vit B3)
      • Vitamin B6
      • Folic Acid
      • Vitamin B12
    • Vitamin C
    • Vitamin D
    • Other Vitamins
  • Minerals
    • Calcium
    • Iron
    • Zinc
    • Iodine
    • Other Minerals
  • Other Fortifying Micronutrients

Raw Materials

  • Flours
    • Rice
    • Wheat
    • Corn
  • Rice
  • Salt
  • Milk
  • Oil
  • Sugar

Technology

  • Drying
    • Oven Drying
    • Drum Drying
    • Spray Drying
  • Extrusion
  • Coating & Encapsulation
  • Others

Sales Channel

  • Modern Trade
  • Online Sales
  • Neighborhood Stores
  • Other Retail Format

FREQUENTLY ASKED QUESTIONS ABOUT FORTIFIED FOOD MARKET

  • At what rate of growth will the fortified food market rise?
  • Which is the leading segment in fortified food market by raw material?
  • Which region will dominate the fortified food market?
  • What are the chief factors driving market?
  • Which segment based on technology will report the highest CAGR over the forecast period?

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Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Fortification Market Overview

3. Market Dynamics

3.1. Macroeconomic Factors

3.2. Forecast Factors – Relevance and Impact

4. Global Historical Market Analysis 2012–2016 and Forecast 2017–2027

5. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Raw Material

6. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Micronutrients 

7. Global Fortified Food Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Application

Shrimp Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects And Forecasts To 2031

FMI
Increasing focus on maintaining good health especially as the world is witnessing various pandemic and epidemic outbreak has been increasing seafood consumption. Against this backdrop Future Market Insights (FMI), presents a positive outlook for the shrimps market. According to the report, the shrimps market is slated to register a CAGR of 6.7% between 2021 and 2031.In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for taurine. The report tracks the global sales of taurine in 20+ high-growth markets, along with analysing the impact COVID-19 has had on the food and beverage industry in general, and taurine in particular.

Skin care products containing ingredients derived from shrimps are proven to be very beneficial in skin tightening and skin rejuvenation as shrimp contains collagen which is very much needed for tissue repair. Skin cells can be renewed with regular intake of collagen. The upper layer of skin called as epidermis is the most delicate part of the skin.

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Consumption of shrimp in form either as a part of their regular diet or in the form of dietary supplements also offers various health benefits. According to the report, the food sector is expected to account for nearly70% of sales in the market through the forecast period.

“Increasing demand for food products with high nutritive value will drive shrimps sales. The market players are likely to focus on strategic collaborations to explore opportunities across untapped markets,” said a lead analyst at FMI

Key Takeaways from the Shrimp Market Study

  • Despite restrictions amid pandemic, shrimps market is forecast to exhibit a little below 6% y-o-y growth in 2021
  • Increasing shrimp consumption will enable the U.S. account for over 80% sales in North America
  • The U.K. will continue dominating the Europe market, exhibiting 8.6% y-o-y growth in 2021
  • Seafood consumption is considerably high in Germany and France, catapulting them as lucrative markets for shrimps within Europe
  • China is the largest producer of shrimps and will continue dominating the East Asia market

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Increasing Use of Shrimp in Cosmetics and Pharmaceutical Segments

Medical advantages of shrimpscan improve bone density, mind wellbeing, weight control, and reduce the risk of cardiovascular illnesses. Ingredients derived from shrimps are used in various skin care brands, aimed at offering good skin and anti-aging properties.

Shrimps contain a carotenoid called astaxanthin, which has amazing cell reinforcement properties that can incredibly lessen the indications of skin aging caused due to sun damage. Increasing use in cosmetics and pharmaceutical products will aid the overall expansion of the market.

Competitive Landscape
Some of the leading players operating in the shrimps marketare Vinnbio India Pvt. Ltd,  Charoen Pokphand Food PCL, Pescanova S.A, Galveston Shrimp Company, Gulf Shrimp Company, Seajoy Group, Dom International Limited Thai Union Frozen Products PLC,Marine Harvest ASA, Baton Rouge Shrimp Company, Inc., Labrador Fishermen’s Union Shrimp Company Ltd., ,The Clover Leaf Seafoods Family Ristic GmbHOmarsa S.A, MSeafood Corp Carribbean Ananda Group, Nippon Suisan Kaisha, Ltd.,Shrimp Company Limited, Artisanfish LLC,  Orchid Marine and others.

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Shrimp Market by Category

Species

  • Gulf Shrimps
  • Farmed Whiteleg Shrimps
  • Banded Coral Shrimps
  • Royal Red Shrimp
  • Giant Tiger Shrimps
  • Blue Shrimps
  • Ocean Shrimps

Source

  • Organic
  • Conventional

Form

  • Canned
  •  Breaded
  • Peeled
  • Cooked & Peeled
  • Shell-On
  • Frozen

Sales Channel

  • Direct
  • Indirect
    • Modern Trade
    • Convenience Stores
    • Specialty Food Stores
    • Wholesale Stores
    • Discount Stores
    • Online Retail
    • Other Retail Formats

Application

  • Food
  • Pharmaceutical
  • Cosmetics
  • Industrial
  • Biotechnology

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Sales of Agriculture Equipment to Surpass 6.7 Mn Units through 2031, Amid Increasing Governmental Support: FMI

ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global agricultural equipment market will register a CAGR of 4.8% between 2021 and 2031, reaching a market volume of around 6.7 Mn units by 2031 end.

The swift growth of agricultural equipment market can be attributed to the growing preference for farm mechanization and increasing governmental policies to facilitate crop production.

The agriculture industry is under constant pressure to address the food security issue. Farmers across the world are employing various equipment to increase food production. These machines minimize the manual labor and reduce turnaround time.

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Growing popularity of precision farming is augmenting the demand for modern agricultural equipment. With the integration of artificial intelligence (AI) and internet of things (IoT), the sales of agriculture equipment are soaring. Smart farming is gaining traction.

Introduction of electric agricultural equipment has completely changed the market scenario. These equipment does not only minimize the emissions but also reduce costs and improve efficiency.

New trends of agricultural robotics and driverless machines are attracting large number of farmers to upgrade their equipment systems.

As per FMI, the agricultural equipment market will surpass a valuation of US 65 Bn by 2021 end.

“Technological advancements in agricultural equipment and the availability of farm equipment rentals will offer lucrative growth opportunities for the manufacturers in the future” says the FMI analyst.

Key Takeaways from FMI’s Agricultural Equipment Market Study

  • Europe dominates the ground support equipment market as a result of increasing agricultural mechanization and presence of leading manufacturers. The market in the region is set to register steady growth at 4.4% CAGR between 2021 and 2031.
  • The U.S. is expected to register a strong CAGR during the forecast period as a result of rapid technological advancements and availability of equipment leasing.
  • With implementation of favorable governmental policies, China is anticipated to emerge as the leading market for agricultural equipment.
  • Top 5 players operating in agricultural equipment market collectively account for 44% market share.
  • By product type, tractors dominate the agricultural equipment market with their multipurpose nature.

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Competitive Landscape

Key players operating in agricultural equipment market are investing heavily on research and development activities. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market. For instance,

In August 2021, Precision Planting, LLC a subsidiary of AGCO Corporation announced an agreement to acquire the business and assets of Headsight, Inc., a leading precision agriculture harvesting solution company. The acquisition will help the company to offer farmers a range of industry-leading precision ag technologies across the crop cycle that will help them to maximize their value and output while minimizing inputs and impact.

In 2021, XAG Co., Ltd. Launched XAG R150, a jet sprayer system to pollinate fruit trees. A specially mixed solution of pollen is poured into the R150’s liquid tank before it is sent on a predetermined route around an orchard to spray pollen.

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Wetsuit Market Is Expected To Surpass A Valuation Of US$ 1.78 Bn In 2021. Between 2021 And 2031

As per a recent market analysis by Future Market Insights (FMI), the global wetsuits market is expected to surpass a valuation of US$ 3.35 Bn, expanding at a 6.5% CAGR through 2031.

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Consistent growth of recreational water sports activities is spurring demand for wetsuits, with eco-friendly wetsuits emerging as the most popular products in the global wetsuits market.

Initially, the brand O’Neil Inc., manufactured the first wetsuit using neoprene. However, with technological advancements and the availability of modern machines has enabled brands to offer wetsuits made from other materials such as wool, lycra, synthetic rubber, and spandex.

This has enabled the wetsuits brands to diversify their product portfolios. Moreover, with growing demand for eco-friendly materials, sales of wool and lycra-based wetsuits are projected to rise over the forecast period.

Further, wetsuits designing has shifted from traditional methods such as  seam taping and seam gluing to blind stitching. Blind stitching allows manufacturers to stitch the material completely from one side without making holes directly through the material.

This technique potentially gives more flexibility to the wetsuit and stops continuous flow of water through the material. These developments are expected to continue augmenting growth of the wetsuit market over the forecast period.

“Introduction of safety technologies such as Shark Attack Mitigation System (SAMS) in wetsuits, along with emergence of indoor artificial water waves activities are projected to augment growth of the global wetsuit market through 2031,” says an FMI analyst.

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Key Takeaways:

  • Based on product type, the full sleeves wetsuits segment is expected to hold 70.4% of the total market share in 2021.
  • Surfing as an application of wetsuits is likely to dominate the market with a share of 37.3% in 2021.
  • Men wetsuits are highly in demand among the consumers. This is likely due to the availability of wetsuits for men in various sizes, designs, and colors. The segment is projected to hold 50.1% of the total wetsuit market share in 2021.
  • In terms of price range, under US$ 100 is projected to hold the highest market share in 2021, at around 51.2%.
  • Sales of wetsuits through water sporting accessories stores are expected to grow at a 5.4% CAGR through 2031.
  • The U.S. is expected to dominate the North America wetsuit market, holding 83.9% of the market share in 2021.
  • India will emerge as an attractive wetsuit market, accounting for 27.25 of the South Asisa market share in 2021.
  • China is projected to account for 43.9% of the East Asia wetsuit market share in 2021.
  • Japan and South Korea will account for 23.5% and 32.6% of the global wetsuit market share over the forecast period.

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Competitive Landscape

Prominent players present in the global wetsuits market are O’Neil Inc., Quicksilver Inc., Billabong International Limited, Aqualung, Gullewa Limited, Shieco Group Co., Ltd., Xcel, Patagonia Capital Ltd., Vissla, Rip Curl, Sisstrevolution, Speedo, BARE Sports, and Decathlon S.A. among others. Top 5 players in the wetsuit market are projected to account for 15-25% of the total market share over the forecast period.

Leading manufacturers of wetsuits are focusing on upon product development and implementing eco-friendly and new material that are more flexible, reliable, and provide better insulation to protect user from catching hyperthermia. For instance:

  • In 2020, Billabong introduced their new line-up of Eco-Conscious wetsuits that are made with recycler tech- meaning the graphene is infused with 100% P.E.T. recycled fibers.

Food Grade Sodium Chloride Sales to Add up to a Valuation of US$ 21.7 Bn in 2021: FMI Study

The sodium chloride market is projected to showcase a moderate growth rate of 4.2% CAGR over the forecast period of 2021 – 2031 as per the analysis by Future Market Insights (FMI). The market will be driven by rising demand from various industries including chemicals, food and beverages, oil and gas, industrial, deicing, and water-treatment.

Globally, the chemical industry facilities have been the leading consumers of sodium chloride in recent years.  In North America and Europe, de-icing and food & beverage industries have emerged as key end users of sodium chloride.

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While the market will grow at a steady rate over the next decade, the novel coronavirus (COVID-19) outbreak has left a detrimental effect. The pandemic is expected to affect consumer spending across various sectors such as food and FMCG.

Furthermore, industrial salt is economically viable as compared to natural salt, which is further catalyzing the growth of the industrial salt sector. Chlorine is used as a primary source for chlorine and sodium hydroxide production, as it is extensively available and inexpensive.

Growth in the commodity chemicals market is expected to drive the consumption of solid sodium chloride, which in turn is expected to fuel the demand in the coming years. As such, the annual growth rate of the sodium chloride market is slated to decline during 2020-21, but is poised for sharp recovery over the next financial year.

Key Takeaways from Sodium Chloride Market Study

  • Driven by application across diverse industries, the global sodium chloride market is expected to rise at 4.2% CAGR between 2021 and 2031.
  • Expansion of the chemicals industry will create growth opportunities for the market. The chemical industry is likely to account for over 30% sales in the market by 2021.
  • China is a leading market for sodium chloride and is expected to reach a valuation of over US$ 8.4 Bn in 2021, owing to expansion in the chemical industry and rising food applications.
  • The U.S. will emerge as a key market, accounting for 80% sales in North America. The expansion of food processing sector will drive growth in the U.S.
  • Germany is a leading market for sodium chloride in Europe. Its valuation is expected to surpass US$ 1.3 Bn in 2021, owing to its role as a production and processing hub in the region.

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“Sodium chloride production is anticipated to contract during the COVID-19 pandemic. However increasing production in parts of Europe and APAC is expected to stabilize supply shortages. Moreover, positive growth trends in multiple end-use industries are expected to drive the growth of the market over the coming decade,” says an analyst of Future Market Insights.

Who is Winning?

The global sodium chloride market has been identified as a significantly fragmented market, with the large international players accounting for a limited share of the overall industry.

Market leaders are focusing on strengthening their product portfolio and expanding their market footprint through the acquisition of small-scale enterprises in the landscape.

Key manufacturers in the sodium chloride market include but are not limited to Cargill Incorporated, Compass Minerals International, K+S AKTIENGESELLSCHAFT, Wacker Chemie AG, Akzo Nobel N.V., Tata Chemicals Limited, Südwestdeutsche Salzwerke AG, INEOS GROUP HOLDINGS S.A., Dampier Salt Limited, Hindustan Ltd, Aashirwadh, Annapurna, Saboo Sodium Chloro Ltd, Hindustan Salts Ltd, Nirma Ltd., Merck KGah, GHCL Ltd., VM Chemicals, and Anish Chemicals.

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More Valuable Insights

Future Market Insights, a research and consulting firm has published a market research report on the Sodium Chloride market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, type, end use, and region. The report also provides supply and demand trends, along with an overview of the parent market.

Global Drink Cans Market To Reach US$ 50 Bn In 2021, With Sales Predicted To Grow By 8.5% CAGR Between 2021 And 2031

In a recent market analysis, Future Market Insights (FMI) has forecast the global drink cans market to expand at a robust 8.5% CAGR, reaching a valuation of approximately US$ 50 Bn in 2021.

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Increasing production output from the food and beverage industry is expected to spur demand for drink cans. The global beverage market has witnessed exponential growth over the last few decades and is expected to grow consistently during the forecast period.

In addition to the mature markets of North America and Europe, markets in Asia-Pacific, Latin America and the Middle East and Africa are growing rapidly in terms of market volume and quality.

Moreover, growing demand for drink cans for packaging non-alcoholic and alcoholic beverages is expected to propel sales of drink cans in the forthcoming years. Increasing expenses on food consumption in emerging markets is also anticipated to boost growth of the food & beverage industry. This is likely to create a positive impact on demand for drink cans across the globe.

Further, shifting consumer preference towards sustainable and eco-friendly packaging has led to a spike in demand for packaging solutions that can be recycled. One of the most recycled packaging format is drink cans. Recycling doesn’t degrade the quality of metal as drink cans made from aluminum/ steel are completely recyclable, which makes this process profitable to manufacturers.

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Moreover, in comparison to other conventional packaging formats, drink cans do not pose threat to the environment, as most of it gets recycled. During the process of recycling drink cans produce negligent amount of carbon footprint, adhering to the environment policies.

Factors such as recyclability, client specific customization, and increasing demand for small quantity beverage containers is anticipated to continue fueling sales of drink cans through 2031.

“Increasing emphasis on light weight and environment-friendly packaging solutions, along with the introduction of 3D printing technology for can manufacturing is expected to augment growth of the global drink cans market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By capacity type, the 201 – 450 ml segment is anticipated to account almost 30% market share by the end of forecast period.
  • In terms of product type, the 2 – piece cans segment is anticipated to expand by 2.3x over the forecast period.
  • In the end-use industry segment, the non-alcoholic beverages segment is expected to account for 61% of the total market share by 2031.
  • The U.S. is projected to account for 72.5% of the North America drink cans market in 2031.
  • China will emerge as a lucrative market, holding 42% of the drink cans market in East Asia region.
  • India is forecast to account for nearly 31% of the South Asia drink cans market by 2031.
  • Sales of drink cans in Japan are anticipated to grow at a 9.6% CAGR through 2031.

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Competitive Landscape

Novelis Inc., Ball Corp., Crown Holdings Inc., Silgan Holdings Inc. are top players operating in the drink cans market. Furthermore, SHOWA DENKO K.K., Toyo Seikan Group Holdings Ltd., CPMC Holdings Inc., and CAN Pack S.A. are also noticeable players in the drink cans market. The 3-tier players in the market hold 50-60% of the global drink cans market. Key players are expected to account for almost 30-40% of the global drink cans market share over the forecast period.

Leading players operating in the global drink cans market are investing in strategic collaborations and acquisitions to expand their product portfolios and global footprint. For instance:

  • In 2021, Novelis Inc. completed the construction of US$ 150 Mn aluminum rolling and recycling operation in Brazil. Moreover, the company acquired Aleris in 2020 to enhance the strategic position in Asia.
  • In 2020, Crown Holdings Inc. has been recognized by Berlin Packaging as “Supplier of the Year 2019”. Crown Inc. also established manufacturing plant in Nicholas, New York to support demand for specialty cans.

Global Maternity Apparels Market Is Poised To Expand At A 6.7% CAGR, Reaching A Valuation Of US$ 21.6 Bn In 2021

According to a recent report by Future Market Insights (FMI), the maternity apparels market is expected to surpass a valuation of US$ 20.4 Bn, expanding at a CAGR of 6.7% through 2031.

Sales of maternity apparels has gained momentum amid social media influence, celebrity endorsements, and introduction of new fashion trends through magazines and television.

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Clothing brands such as Zara has joined the growing list of high street and online retailers attempting to capitalize on increasing demand for maternity apparels. For instance, Zara recently launched its first maternity collection comprising 25 dedicated maternity items such as sweaters, knitted dresses, jeans and overall. These products can be styled with other clothing offered by Zara which are either bump-friendly, oversized or made from stretchy materials.

The COVID-19 pandemic resulted dampened sales of maternity apparels to an extent. Demand for maternity clothing, which typically targeted working professionals in metropolitan workplaces and/or those getting ready for a big night out – came to a halt, with lockdowns implemented around the world and pregnant women increasingly preferring loungewear in place of high street maternity fashion trends.

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Customer spending on clothing dropped by more than half in major markets such as the U.S., the U.K., and Germany. Maternity apparel platforms faced dwindling demand as pregnant women began working from home and events like weddings and celebrations were either postponed, cancelled, or held virtually. However, with resumption of trade activities and the introduction of new retail channels for maternity clothing, sales are expected to recover over the forecast period.

Besides this, increasing preference for luxury maternity apparel among millennial moms is ushering product developments in the maternity apparels market. The influx of high street maternity styles is compelling brands and specialist retailers to step-up their game and send a clear message about the value in investing in more expensive, technical maternity and nursing clothing.

“Increasing availability of trendy maternity apparel across online channels, along with soaring preference for luxury garments for professional and casual wear is expected to continue augmenting growth of the maternity apparels market through 2031,” says an FMI analyst.

Key Takeaways:

  • Sales of outerwear maternity apparel are expected to account for 76.2% of the total market share in 2021.
  • Based on material type, the cotton segment is forecast to account for 43.2% of the total maternity apparels market share in 2021.
  • In terms of price range, the below US$ 100 segment is projected to hold the highest market share in 2021, at around 60.3%.
  • Sales of maternity apparels through online channels are slated to account for 29.3% of the total maternity apparels market share in 2021.
  • The U.S. is anticipated to hold 79.2% of the North America maternity apparels market share in 2021.
  • Australia is forecast to account for over 51.7% of the Oceania market share in 2021.
  • India will emerge as an lucrative market, holding 31.7% of the South Aisa maternity apparels market share over the forecast period.
  • Japan and South Korea will account for 33.7% and 23.6% of the East Asia market share respectively.

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Competitive Landscape

Leading players operating in the maternity apparels market are Adidas AG, Brainbees Solutions Pvt. Ltd., Hanesbrands Inc., H & M Hennes & Mauritz AB, J. C. Penney Co. Inc., Nike Inc., Seraphine Ltd, The Gap Inc., Tytex AS among others.

Leading manufacturers of maternity apparels are focusing on promotional strategies, advertisements, and new product launches to expand their global footprint and improve sales. Players are also investing in strategic collaborations to gain a competitive edge in the market. For instance:

  • In Oct 2020, Maternity clothing start-up Momsoon announced its partnership with Monte Carlo to launch a maternity wear winter collection. Monte Carlo is producing maternity wear designed by Momsoon for online sale as part of the partnership.

Small Kitchen Appliances Sales Spurs In Response to Rising Demand for Eco Friendly Appliances: Future Market Insights

The global small kitchen appliances market is estimated to be valued at ~US$ 96 Bn in 2020 and expected to expand at 3.4% CAGR during the forecast period of 2020-2030.  Health and fitness awareness and usage of environment-friendly products are the latest trends observed in almost every industry, which has a direct or indirect impact on consumers and the environment. This trend is also observed in the cookware industry where consumers are increasingly demanding green or sustainable products, which will cause no harm to the surrounding environment. Due to the growing need of sustainable kitchen appliances, many new trends have emerged in the market.

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As an example, gas cooktops use less energy than electric ones, but they do release carbon monoxide, carbon dioxide, and nitrogen dioxide into the air which harms the environment. Chefs around the world prefer eco-friendly pans that will not put the health of consumers at risk. Cuisinart’s green gourmet non-stick cookware is an example of it. It consumes less energy and reduces harmful carbon emissions. Spurred by these factors the small kitchen appliances market is expected to witness a steady growth in the coming years.

Key Takeaways from the Small Kitchen Appliances Market Study

  • East Asia is expected to dominate the global small kitchen appliances market owing to large population base which are more inclined towards healthy & home cook food. Small kitchen appliances market is primarily dominated by small cooking appliances due to growing food easting habit in home which further creates demand for small cooking appliances such as cooker, deep fryer, toaster etc.
  • According to FMI, residential sectors are expected to see higher sales of small kitchen appliance as compared to commercial sector however HoReCa (hotel, restaurant, café) segment is anticipated to expand at highest CAGR during the forecast. Changing consumer lifestyle and increasing income level is expected to boost industry growth over the forecast period.
  • Modern trade (hypermarket/ supermarket) is considered as the largest sales channel in terms of value share in the global small kitchen appliances indirect sales channel. Hypermarket/Supermarket is anticipated to dominate the global market owing to high product variety of multiple vendors at competitive price range.
  • The small household appliances industry is thriving immensely through increased sales on e-Commerce platforms, owing to advantages such as ability to compare prices of products, brands, and product variety, and ability to read reviews of other consumers. The e-Commerce industry is reshaping the global retail market. Growing interest for online purchasing is driving the industry forward. The facility of product comparison of different vendors has led to higher online sales.

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Small Kitchen Appliances Sales are Gaining Traction Globally owing to High Product Awareness, and New Innovative Product Launches

Technology advancements, energy efficiency, cost, and quality of the products are major factors drive consumers’ purchasing preference. The advent of e-commerce industry and wide availability of different offline sales channel such as modern store (hypermarkets/supermarkets, specialty stores etc.) supports the industry from supply side. Growing health consciousness, increasing consumers with cooking as hobby, growing television programs and cooking recipes on YouTube and other online platforms push the consumers towards home food which is resulting as an increased demand for small kitchen appliances across the world.

“Integration of technology in kitchen appliance is not new, hence manufacturing are focusing on eco-sound materials, energy efficiency and easy recycling product materials which will have minimum impact on the environment. Compact & multi-feature appliances will be preferred in future. South Asia & Pacific could be the potential region in future for small kitchen appliances, hence manufacturers should focus on the same” says an FMI analyst.

global small kitchen appliances market share by region pr

Market to Recover As Soon As Economies Return to Normalcy Post Coronavirus

Covid-19 which originated in China has now spread all over the world. Except essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The small kitchen appliances market are also affected due to Covid-19 pandemic as production are temporarily suspended, physical stores are closed. Online platforms also face challenges in product delivery due to country lockdown, and low availability of stocks. However, initiatives taken by the respective country governments have checked the growth rate of people getting infected. This shows positive sign of normalcy in coming quarter for few countries such as China, India etc.

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Region Value Share (2020)
North America 12.4%
Latin America 9.2%
Europe 19.8%
South Asia & Pacific 21.4%
East Asia 33.5%
Middle East & Africa 3.7%

Who is winning?

Some of the key players operating in the Small Kitchen Appliances market are Whirlpool Corporation, Panasonic Corporation, Groupe SEB, Electrolux AB, BSH Hausgeräte GmbH, Haier Group, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation and others.

Several leading foot care product players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of Small Kitchen Appliances.

  • In Nov 2019, Caraway Home launched eco-friendly, non-toxic and non-stick materials cookware set.
  • In Sept. 2019, Philipps had launched Keurig K-Duo coffee machine in three variants.

Birth Tissue Products Market 2021: Drivers, Marketing Strategy, Company Profile, Challenge and Trends, Capacity and Price structure to forecast year 2031

According to the latest research by Future Market Insights, the birth tissue products market is ready to take its global graph on the upward direction to reach its high point.

The reason for the growth of the market is the global increase in adaptation of the tissue regeneration method for wound healing and plastic surgeries.

The increase funding in healthcare sector is also a factor for the increase in growth of the birth tissue products market in the forecast period 2021-2031

What is Driving Demand for Birth Tissue Products

The presence of FDA guidelines in regards with the tissue management procedures that maintains integrity of tissue and documentation regarding safety of tissue which enhances the quality of the tissues, this is driving the birth tissue products market growth.

The birth tissues speeds up the recovery for various patient such as wounded military persons and peoples who face difficulties in wound healing process.

The wide application of the birth tissues in the skin burns, skin cancers, ulcers and chronic wounds elevated the growth of the market.

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U.S. and Canada Birth Tissue Products Market Outlook

The North American region (US & Canada) dominates the market share of the birth tissue products in the world.

The increase in prevalence of diabetic ulcers in the region opens the route for the birth tissue products market in the region.

The Rapid development in the healthcare sector and the presence of the top key players in the area which leads to a huge investment in the R&D is another driving factor of the region

The Health awareness programs by government and the American Association of tissue bank regarding the importance of donation of birth tissues gives a better base for the growth.

The fund raising by government in the healthcare sector plays a major role in the growth of the sector.

Demand & Outlook in Europe& Asia for Birth Tissue Products Market.

The European region holds the second position in the birth tissue products market, the increase in the patients of skin cancers in the region leads to the growth of the market in the region.

The healthcare awareness programs which improves the knowledge of people regarding the healing powers of the birth tissues which helps in boosting the market in the region.

Asia pacific region is the fastest growing and developing region in the world which results in the increasing government funding in healthcare sector, research and development sector which defines the growth of the market in the region.

The increase in population in the region plays a major role in increase in demand of the birth tissue market as the number of new born babies increases every year, which significantly gives an great opportunity to set a base for the birth tissue products market in the region

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Who are the Key Manufacturers and Suppliers of Birth Tissue Products Products

According to FMI analysis are

  • Amiox medical
  • biotissue inc
  • AATB
  • U.S. Stem Cell Inc
  • Vericel Corp. (Aastrom Biosciences Inc.)
  • Organogenesis Inc. (Advanced Biohealing)
  • Cerapedics Inc
  • Mesoblast Ltd.
  • Ocata Therapeutics Inc. (Astellas Pharma Inc.)
  • Tissue Recover(Alpha Cord)
  • BTR(Birth Tissue recovery)LLC
  • Tellagen llc
  • Predictive biotech

are the key players for the birth tissue products market.

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.

Birth Tissue Products Market Report Highlights:

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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By Type of Tissue:

  • Placenta
  • Umbilical cord
  • Amniotic Fluid

By Application:

  • Cardiovascular disorders
  • Oncology
  • Dermatology
  • Musculoskeletal
  • Wound healing
  • Ophthalmology

By End User:

  • Research Laboratories
  • Academic Institutes
  • Pharma and Biotech Companies
  • Hospitals and Diagnostic centers
  • Others

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By Region:

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

Global Potassium Carbonate Market Is Projected To Total US$ 1.9 Bn In 2021

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global potassium carbonate market is projected to reach US$ 1.9 Bn in 2021. Expanding at a 4.4% CAGR, the market valuation is expected to top US$ 2.9 Bn by 2031.

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In 2020, the COVID-19 pandemic negatively impacted demand for potassium carbonate. Nationwide lockdown restrictions and disrupted supply chains further dampened sales prospects of potassium carbonate. However, FMI has projected the market to recover at a steady pace, as sales are anticipated to grow by 4.1% year-over-year between 2020 and 2021.

Increasing demand from various end-use industries such as agrochemicals, food and beverages, glasses, and cleaning products are anticipated to boost sales of potassium carbonate over the forecast period.

In addition to this, rising adoption of potassium carbonate in fire suppression products, personal care products, inks and dyes and water treatment are also bolstering growth of the market. Strong development in the chemical sector in East Asia, North America and Europe are expected to continue pushing sales of potassium carbonate.

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As per FMI’s in-depth regional analysis, the U.S. is expected to lead the North America potassium carbonate market. Growth can be attributed to increasing sales of packaged food products in the country, along with robust presence of key automotive companies in the country.

“Increasing applications of potassium carbonate in the automotive industry, coupled with rapid expansion of the construction centre driven by urbanization is expected to bode well for the global potassium carbonate market through 2031,” says an FMI analyst.

Key Takeaways:

  • Based on product form, the powder segment is expected to expand at a 4.2% CAGR in 2021.
  • In terms of application, sales of potassium carbonate in the glass segment are projected to rise at a 3.7% CAGR through 2031.
  • The U.S. will continue exhibiting high demand for potassium carbonate, with demand rising at a 3.8% CAGR in 2021.
  • Sales of potassium carbonate in India are expected to grow by 5.0% year-over-year between 2020 and 2021.
  • China will emerge as a lucrative potassium carbonate market, expanding at a 5.1% CAGR over the forecast period.
  • Japan and South Korea will account for 17.6% and 13.2% of the total potassium carbonate market share respectively.

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Competitive Landscape

Evonik Industries AG, UNID GLOBAL Corporation, Oxy (Occidental Petroleum Corporation), Gujarat Alkalies and Chemicals Limited, Vynova Group, AGC Chemicals, JSC Pikalevskaya Soda, Esseco Group, Shanghai Wentong Chemicals Co., Ltd. (Wentong Group), Foodchem International Corporation, Shanxi Guangyuan Fertilizer Co., Ltd., Armand products, Zhejiang Dayang, Zhejiang Juhua Co., Ltd., and Hebei Xinjichemical are among the key players operating in the global potassium carbonate market.

Top 5 players comprising Oxy (Occidental Petroleum Corporation), Evonik, Zheijang Juhua Co. Ltd., AGC Chemicals and Armand Products are anticipated to account for approximately 58% of the total potassium carbonate market share over the forecast period.

As a part of their growth strategies, leading players are investing in strategic collaborations, mergers, and acquisitions to expand their production capacity. Players are also focusing on digitalization to improve production and sales by introducing AI, machine learning, automation, and block chain. For instance:

  •  In 2016, Evonik and AkzoNobel commenced a joint venture in Germany and set up a manufacturing unit for the processing of chlorine and potassium hydroxide solution into several products including potassium carbonate.