Navigation Satellite System Market to Reach USd 3,80,322.0 Million, Globally by 2032 at 8.1% CAGR: Future Market Insights, Inc.

The global navigation satellite system market size is supposed to arrive at USD 3,80,322.0 Million by 2032. The navigation satellite system market is developing quickly. According to FMI experts, the worldwide navigation satellite system market is expected to reach USD 1,75,344.0 Million in 2022. Given the development energy, the interest for navigation satellite systems is projected to increment at a CAGR of 8.1% through 2032.

A Worldwide navigation satellite system (GNSS) is a satellite-based arrangement that is utilized to find the geographic area of a client’s portable gadget anyplace on the planet. Three GNSS systems are in activity as of now for example Worldwide Orbiting Navigation Satellite System (GLONASS) by the Russian Federation, Galileo by the European Union, and Global Positioning System (GPS) by the United States.

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The Global Navigation Satellite System (GNSS) arrangements have crucial impact in the ability of the nations to choose the position, neighborhood time, and speed from satellites in space. Throughout the course of recent years, a quick development in the reception of GNSS business applications has been recognized by the organizations which construct navigation satellites and hardware.

Global Navigation Satellite System Technology Market: Drivers and Challenges

The increasing emphasis on positioning, navigation, and timing (PNT) tools in industrial, military applications, commercial, and government is driving the market for Global navigation satellite systems. Uninterrupted advancement in technology is resulting in the unveiling of superior and highly efficient GNSS devices.

Many small and large players entering the market and offering products at competitive pricing are causing competitively priced GNSS/GPS receiver devices. These factors are expected to drive the growth of the global navigation satellite system technology market.

Ease of accessibility leading to cyber threats, and a challenge to store unstructured data are a few limitations that restrict the growth of the global navigation satellite system technology market.

Global Navigation Satellite System Technology Market: Regional Outlook

On the basis of regions, the global Navigation Satellite System Technology Market can be segmented across North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East, and Africa.

The technological advancement and rising interest in positioning techniques based on Global Navigation Satellite Systems (GNSS) such as Global Positioning System (GPS), cellular network infrastructure or on the integration of the two technologies for applications such as, tracking systems, Automatic Vehicle Location (AVL), navigation has led to development in the navigation system of various countries such as US, India, China etc.

Global Navigation Satellite System Technology Market: Competition Landscape

The market is dominated by a significant number of vendors that offer global navigation satellite systems technology solutions. The competition is tough among leading vendors on the basis of aspects such as quality, security, and solutions.

Some of the key players in the navigation satellite system technology market include Qualcomm, Broadcom, MediaTek, SkyTraq, Intel, STMicroelectronics, FURUNO, Raytheon Company, Rockwell Collins, TomTom NV, Topcon Corporation, Trimble Navigation Ltd. and u-blox.

The research report presents a comprehensive assessment of the 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 geographies, applications, and industries.

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Global Navigation Satellite System Technology Market: Segmentation

By Application:

  • Agriculture
  • Aviation
  • Location-Based Services (Lbs)
  • Maritime
  • Road
  • Rail
  • Surveying
  • Timing And Synchronization

By Satellite Technology:

  • Constellations
  • Satellite-Based Augmentation Systems (SBAS)
  • GPS
  • GLONASS
  • Galileo
  • BeiDou

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Global Coffee Roaster Machine Market to Hit USD 2.05 Billion by 2032 Fueled by Rising Coffee Enthusiasm

Coffee Roaster Machine Market

The global coffee roaster machine market is set to witness growth at a CAGR of 6.4% over the forecast period (2022-2032) and top a valuation of USD 2.05 Bn by 2032.

Coffee is one of the most favorite drinks across the globe. Consumers like its smell, taste and flavour which is added to the coffee by performing the roasting process. Due to this, a rise in the consumption of coffee has been seen over the past few years.

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The manufacturers have adopted the latest technology in order to address the needs of different consumers desiring varied flavors of coffee. Nowadays, an automatic coffee roaster in used to roast the coffee beans. They have microcontrollers called as ‘Arduino Uno’ installed in them which can be controlled by an android smartphone connected through Bluetooth. A smartphone can be used to control different levels of roasting. This can process the coffee beans in no time, thus increasing the demand for automatic coffee roaster machines.

The demand for coffee roaster machines is gradually increasing, not only in the commercial sector but also in the household sector. In today’s era consumers are adapted to the taste of coffee and so it has become essential to start a day.

Everyone has their own preference when it comes to drinking coffee of different varieties such as traditional espresso, filter coffee, coffee latte, mocha, cappuccino and others. Owing to this, the market for coffee roaster machine is prophesied to grow at an impressive rate due to an increased installation of such machines in the household sector.

Key Takeaways from Market Study

  • Europe is expected to account for the maximum value share of the global market of about 30% by 2022 end
  • Rising consumption of coffee in different regions across the globe is predicted to drive the sales of coffee roaster machine during the assessment period (2022-2032)
  • By product type, hot air roasters are expected to account for the maximum market value share of the global market by 2022 end, followed by drum roasters
  • In case of control segment, automatic coffee roaster machines are being preferred over manual machines
  • Electric roasters are expected to show a higher demand than the gas roasters in the coming decade

“Rising number of coffee cafes and restaurants serving coffees are expected to contribute well in the growing demand for coffee roaster machines in the coming decade”, says a Future Market Insights analyst.

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Competitive Landscape

Manufacturers are shifting their focus towards developing coffee roaster machines in order to address the growing consumption of coffee. The market participants are offering a varied range of coffee making equipment and solutions owing to increasing consumer’s demand for personalized products based on its usage in different locations around the world.

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Future Market Insights, in its new report, offers an impartial analysis of the global coffee roaster machine 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 (classic drum roasters, hot air roasters, centrifugal roasters, and others), capacity (up to 10 kg, 10 kg to 30 kg, 30 kg to 50 kg, and above 50 kg), control (automatic and manual), heat source (electric and gas), application (residential, commercial and industrial)  across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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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Soy Protein Concentrate Market: Gross Margins, Brand Share, and Opportunities Forecast to 2032

Soy Protein Concentrate Market

According to the recent report publish by FMI, the sales for soy protein concentrate are expected to cross a value of USD 4.5 Billion in 2032 & significantly rising at a CAGR of around 9.2% in the end of 2032.

As a result of the invention of the soy protein concentrate, the use of soybeans in cattle and poultry diets has increased in many regions of the world. It is proving to be extremely important in animal nutrition as a consistent source of protein with a high amount of key amino acids. Soybeans provide more than two-thirds of the protein concentrates used in animal feeds around the world.

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Key Takeaways from the Soy Protein Concentrate Market Study:

  • Between 2022 and 2032, the North American soy protein concentrate business is expected to grow at a rate of more than 7.8%, owing to increased demand for healthier baked items.
  • Asia-Pacific will remain the largest soy protein concentrate market, with sales expected to reach USD 1.8 Bn by the end of 2032.
  • By the end of 2032, sales of soy protein concentrate for animal feed are expected to account for more than two-fifths of the soy protein concentrate market.
  • The liquid soy protein concentrate segment is predicted to grow at a quicker rate than the dry soy protein concentrate segment through 2032, despite the fact that the former will continue to be more profitable.
  • Due to the growing use of soy protein concentrate in the food and beverage industry, the emulsification segment is likely to dominate the European market. The high emulsification qualities also contribute to the dominance.

The nutritional makeup of the produced products differs slightly between the two processes. SPC is greater in nutritional value than soybean meal and has a lower oligosaccharide content (3%) as well as antigenic components.

In the diets of calves, piglets, and dogs, SPC provides a cost-effective alternative to high-quality animal proteins such skim milk powder or fishmeal. On a protein basis, SPC has the potential to replace up to 50% of fishmeal in salmonid diets in aquaculture.

The necessity to replace fishmeal, as well as other animal by-products, with soy protein concentrate is becoming apparent in the rapidly growing aquaculture sector.

This is due to three major factors: I limited fishmeal production coupled with an increase in global aquaculture production; (ii) consumer concerns about food safety in light of dioxin contamination; and (iii) ethical objections to the use of edible protein in animal diets in light of global population growth. It is, therefore, promoting the soy protein concentrate market.

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

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Who is winning?

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

Some of the leading companies offering soy protein concentrate are:

  • DuPont, Cargill
  • ADM
  • The Vincent Corporation
  • Crown Soya
  • Wilmar International Ltd
  • Nordic Soya Oy
  • Incorporated
  • Shandong Yuxin Biotechnology Co.
  • Batory Foods

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FMI, in its new offering, provides an unbiased analysis of soy protein concentrate presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for soy protein concentrate based on form (dry and liquid), by application (food products, beverages, dietary supplements, nutraceuticals, animal feed,  cosmetics and personal care, pharmaceuticals, and others), function  (emulsification, solubility, water binding, foaming, thickening agent, and others) across five major regions.

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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FMI Forecasts Milk Powder Market to Hit USD 51.89 Billion by 2034 with Consumer Demand Surge

Milk Powder Market

According to Future Market Insights, the milk powder market is poised for significant growth, with its size expected to increase from US$ 35.26 billion in 2024 to US$ 51.89 billion by 2034. Over the next decade, a moderate 3.90% CAGR in the demand for Milk Powders is projected to drive the expansion, which had seen a CAGR of 3.66% between 2019 and 2023.

More people nowadays are looking for sustainable food options, and milk powder fits the bill. Milk powder stays fresh longer, which is great for both consumers and stores, helping the market grow. Since milk powder can be used in many foods and industries, its market keeps expanding.

Skim milk powder demand continues to be prompted by increased health consciousness and growing consumption of low-fat dairy products. Conversely, the market for fat-filled milk powder is growing as the demand for fortified and functional food products is escalating.

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The milk powder market is undergoing a radical transition characterized by

  • plant-based substitutes
  • clean label goods, technological innovations,
  • sustainable practices
  • a rise in eCommerce

“In shaping the milk powder market’s future, the use of advanced drying technologies, such as spray drying and freeze-drying, is key. These methods effectively preserve the nutritional goodness of milk powder, ensuring it lasts longer on the shelf. As more manufacturers embrace these technologies, the market is set to evolve. It is likely to meet the increasing demand for convenient and long-lasting dairy products while maintaining their essential nutrients.” according to the chief analyst at FMI.

Key Takeaways

  • The United States is set to showcase strong growth in the milk powder industry with a projected 5.9% CAGR from 2024 to 2034, driven by increased consumer demand for dairy products and the growing awareness of their nutritional benefits.
  • China’s milk powder industry is projected to exhibit substantial growth, with an estimated 4.0% CAGR through 2034, attributed to the growing awareness of the importance of nutrition among consumers.
  • The milk powder market in Japan is likely to show a 4.0% CAGR between 2024 and 2034, influenced by changing dietary preferences, an aging population, and a growing focus on convenience.
  • India’s milk powder industry is projected to develop at a 4.3% CAGR through 2034, propelled by the country’s focus on value-added dairy products and fortified formulations.
  • The Germany milk powder industry is likely to exhibit a 4.2% CAGR from 2024 to 2034, impacted by increasing health consciousness and the rise of plant-based alternatives.

Key Players’ Strategies for Success in the Milk Powder Market

Here are some key strategies that players in the milk powder industry employ for success:

  • Make heavy Investment in research and development to improve product quality
  • Magnify distribution channels to reach an extensive consumer base
  • Form strategic partnerships and collaborations within the industry
  • Implement sustainable practices in the production and sourcing of raw materials
  • Stay updated on market trends and adapt strategies accordingly
  • Ensure compliance with food safety regulations and standards
  • Offer diverse product options to satisfy different consumer preferences and dietary needs

Recent Developments

  • In May 2021, Lactalis Ingredients started selling organic whole milk powder. The company added it to its milk powder collection because more people care about being healthy and having good food.
  • In October 2020, Society Tea introduced Society skimmed milk powder. It has the goodness of milk and is very fresh. This spray-dried milk has only 1% fat and is a good choice instead of regular milk. Also, it does not have any extra chemicals.

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Key Milk Powder Market Players

  • Nestlé
  • Danone
  • Groupe Lactalis
  • Fonterra
  • Royal FrieslandCampina N.V.
  • Dean Foods
  • Arla Foods
  • Dairy Farmers of America
  • Kraft Foods
  • Saputo
  • Parmalat
  • The Kraft Heinz Company

Key Segments Profiled in the Milk Powder Market Survey

By Type:

  • Skimmed Milk powder
  • Whole Milk Powder
  • Fat Filled Milk Powder
  • Dairy Whitener
  • Other Milk Powder

By Application:

  • Bakery & Confectionary
  • Nutritional Food
  • Infant Formulas
  • Others

By Distribution Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Retail Stores
    • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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 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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Smart Home Solutions Market is Expected to Reach a High Valuation of USD 2,50,456.9 Million by 2032 | FMI

The smart home solutions market is predicted to rise at a rapid CAGR of 12.3% during the forecast period, reaching a value of USD 78,342.6 million in 2022. The market is anticipated to grow and reach USD 2,50,456.9 million by 2032.

The smart home solutions refers to home automation methods that are triggered by computing and information technology and connect various appliances and instruments in the home to respond to occupant needs.

These solutions enhance the lifestyle of people considering various aspects such as comfort, security, entertainment, and convenience. Smart home solutions were initially marketed and adapted primarily for advanced security features. Eventually new areas such as energy management, entertainment, lighting, and appliances control systems evolved in the smart home solutions market.

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Smart home solutions consist of switches & sensors of home appliances, security systems, and entertainment systems connected to a central hub. This central hub acts as a gateway, from which systems are controlled by a user interface interacts either with a mobile phone app, tablet app, wall-mounted terminal, or a web portal.

Once manifested as the domain of luxurious and rich customers, today many people seek smart home solutions due to awareness of energy efficiency, convenience, and security

Smart Home Solutions Market: Drivers and Restraints

The primary driver for the smart home solutions market is that it implements advanced safety and security features such as gas leakage detectors and fire detection systems in the house.

Increased awareness of energy efficiency due to rising energy costs and advancements in technology are also some important factors that result in the growth of the smart home solution market.

Nowadays, with the increase in the number of working individuals in a house, a family becomes financially capable of adopting a smart home solution, which is another driver for this market. However, the lack of technical standards is the biggest restraint for the smart home solutions market.

Other factors such as high initial investment, and outstretched replacement cycle of devices cause hindrances in the growth of smart home solutions market.

Competitive Landscape

What is Trending amongst the Key Market Players in the Smart Home Solutions Market?

Recent Development

The primary start-up companies are looking for solutions that will make the end user’s life easier, more meaningful, and deliver a higher quality of life. They are engaging in mergers and acquisitions to promote the development of smart home solutions.

  • In August 2021, Schneider Electric and Livspace, a home interiors and renovation platform announced a partnership. The partnership aims to create a smarter house for the future. The alliance is going to use Schneider Electric’s superior home automation technology and Livspace’s interior design experience to revolutionize the Indian home interior market. This experience is likely to include a wise home automation solution.
  • In the same month, August 2021, SmartRet.com, LLC, a provider of smart home and smart building automation, announced a merger with Fifth Wall Acquisition Corp. This was aimed at expanding the company and going public.

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The Key Market Players in The Smart Home Solutions Market Include

  • Honeywell
  • Siemens
  • Johnson Controls
  • Schneider Electric
  • ASSA ABLOY
  • Amazon
  • Apple
  • ADT
  • ABB
  • Robert Bosch
  • Sony
  • Samsung Electronics
  • Ooma
  • Delta Controls
  • Control4

Key Segments in the Smart Home Solutions Market

By Product:

  • Lighting Control
  • Security and Access Control
  • Access Control
  • HVAC Control
  • Entertainment
  • Smart Speaker
  • Home Healthcare
  • Others

By Software & Services:

  • Behavioral
  • Proactive

By Sales Channel:

  • Direct
  • Indirect

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Carnauba Wax Market Poised for 4.2% CAGR Growth Through 2032

Carnauba Wax

The carnauba wax market is expected to escalate at a CAGR of 4.2%, from USD 290.0 million in 2022 to USD 435.8 million through 2032. Amid the COVID-19 crisis, the global market for carnauba wax is estimated at US$ 290.0 Million in 2022 to US$ 435.8 Million in 2032. Previously, the market grew at a faster rate of 3.4% from 2015 to 2021, culminating in a market of US$ 281.3 Million in 2021.

An important challenge for the growth of the carnauba wax market is that it is leading to allergic reactions or side effects. Furthermore, carnauba wax is causing stomach problems among children by being applied to fruits and candy products, which is hindering the market for carnauba wax.

Market growth for carnauba wax is being driven by consumers’ inclination to use natural products. Having excellent emulsifying properties and binding capacity for oils, carnauba wax is finding increased use in the pharmaceutical industry for pill coating. As the food & beverage industry undergoes continuous innovation, the use of products such as carnauba wax that possess excellent emulsifying properties and binding capacity for oils is gaining traction.

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The presence of cheaper alternatives to carnauba wax is likely to impact market demand negatively and restrain market demand by 0.5X over the forecast period of 2022-2032.

Increasing government regulations are hampering the growth of the Carnauba Wax market

In order to make carnauba wax suitable for use in cosmetics and food products, it is often mixed with chemical solvents. Because carnauba wax is significantly more expensive than common substitutes such as sunflower seed wax, candelilla wax, and beeswax, the availability of cheaper alternatives is expected to hinder market demand negatively and prevent growth by 0.5X for the forecast period of 2022-2032.

The melting point and glossy feature of this natural additive make it a preferred choice among manufacturers of cosmetics such as lip balms, lipsticks, and mascara. This broad-spectrum application is propelling carnauba wax market growth. Furthermore, due to its hardness and viscosity moderating characteristics, it is extensively used as polish wax in the automobile industry. The broad breadth of uses associated with carnauba wax is making it more popular with consumers over bee wax, thereby accelerating the carnauba wax sales.

Clinical trials and research will be negatively affected by increased FDA enforcement of dietary violations.

KEY TAKEAWAYS:

  • The carnauba wax market is predicted to develop at a CAGR of 4.0% in the product section of the type1 category.
  • The CAGR for the cosmetics segment of the application category in carnauba wax market is anticipated to be 3.6% through 2032.
  • In the United States, the carnauba wax market is estimated to reach US$ 149.9 million by 2032, rising at a CAGR of 3.6% throughout the forecast period.
  • By 2032, the carnauba wax market in the United Kingdom is expected to be valued US$ 18.9 million, with a CAGR of 3.1% through 2032.
  • With a CAGR of 3.4% throughout the forecast period, China is expected to reach a market size of US$ 30.1 million in carnauba wax market by 2032.
  • By 2032, the carnauba wax market in Japan is estimated to be worth US$ 24.9 million, growing at an annual rate of 2.7% through 2032.
  • With a CAGR of 2.1% throughout the forecast period, South Korea is predicted to reach a market size of US$ 14.6 million in carnauba wax market by 2032.

Companies that have developed new products to increase their market share among consumers are also adopted by leading companies. It is these strategies that have led to the development of carnauba wax.

Regulations currently in place at the FDA require manufacturers and distributors to evaluate the safety and labeling of their products before they are marketed for sale, and they are prohibited from marketing adulterated or misbranded products.

Historically, the economy of APAC has been heavily influenced by the economic dynamics of countries such as China and India, however, with the rise of foreign direct investment for economic development in South East Asia, a new scenario is emerging. There are a wide range of products made with carnauba wax, mostly in the categories of cosmetics, food products, and polishes.

Freight management software’s are manufactured and marketed by Foncepi Comercial Exportadora Ltda, Carnauba do Brasil Ltda, Brasil Ceras, Strahl & Pitsch, Inc, Pontes Industria de Cera ltda.

RECENT DEVELOPMENT:

  • Recently, DoorDash announced a partnership with Lush Retail Ltd. 2021 to offer its customers fresh, handmade products with same-day delivery. Lush’s products will now be readily available to consumers on-demand and at their fingertips through this partnership.
  • Akrophech will have acquired Bech Chem by 2021, one of the industry’s leading chemical suppliers, and will be able to increase its market share in coatings, paints, and lubricants.
  • A large part of the carnauba wax industry revenue is expected to come from the pharmaceutical industry due to the growing use of the product as a coating agent. A growing demand for time-release drug delivery systems such as capsules, combined with favourable regulations that govern their use in medical applications.

A Full Report Analysis

Key segments

By Application:

  • Cosmetics
  • Food
  • Automotive
  • Pharmaceutical
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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

Global Plant-Based Preservatives Market to Grow from USD 3.1 Billion to USD 5.8 Billion by 2032, With 6.6% CAGR

According to FMI, the global plant-based preservatives market size is projected to expand from USD 3.1 billion in 2022 to USD 5.8 billion by 2032, with a strong compound annual growth rate (CAGR) of 6.6% over the forecast period.

The growing preference for natural food preservatives over chemical alternatives is a major driver of sales in the global plant-based preservatives market, and this trend is expected to persist throughout the forecast period.

As consumer awareness of health issues rises, the plant-based preservatives market is anticipated to experience accelerated growth in the coming years. The increased adoption of various plant-based preservatives alongside traditional chemical preservatives in the food and beverage industry is expected to further drive market expansion over the next decade.

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Key Takeaways from Market Study

  • Based on source, herbs and spices segment is anticipated to grow at a healthy pace during the forecast period.
  • North America is expected to hold around 38% share in the global plant based preservatives market share.
  • The U.S. currently holds 65% share of the North America plant based preservatives market and it is poised to grow swiftly over the next ten years.
  • With high consumption of plant based ingredients, Europe is expected to hold around 31% share of the global plant based preservatives market during the forecast period.
  • Asia is expected to account for 20% revenue share in the overall plant based preservatives market.
  • Germany holds approximately 22% market share in the Europe plant based preservatives market.

Competitive Landscape

Plant Based Preservatives have a strongly competitive global market. Introducing new product variations, acquiring smaller market competitors, and raising awareness about the advantages of plant-based preservatives through different promotional activities and programmes are some of the main strategies adopted by key players to gain a competitive edge in the market.

Some of the leading companies offering plant based preservatives include Hawkins Watt Limited, Univar, Inc, Archers Daniels Midland Company, Du Pant Nutrition & Health, Cargill Incorporated, Kemin Industries, Inc, Ajinomato Omnichem, and Tate & Lyle.

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Plant Based Preservatives Market by Category

By Function:

  • Antimicrobial Plant Based Preservatives
  • Antioxidants Plant Based Preservatives
  • Plant Based Food Preservatives for Other Functions

By Source:

  • Herbs and Spices
  • Fruit Juices

By Application:

  • Sea Food
  • Meat & Poultry
  • Bakery Products
  • Dairy Products
  • Snacks
  • Beverages
  • Fruits & Vegetables
  • Other Applications

By Region:

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

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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Alpha-Amylase Baking Enzyme Market Set to Achieve USD 465.5 Million by 2032

Alpha-Amylase Baking Enzyme Market

The global alpha-amylase baking enzyme market is expected to secure a market value worth US$ 465 Million while expanding at a CAGR of 3.8% during the time period. The market’s growth can be accredited to the increasing importance of enzymes in bread making to provide various features such as; color texture, dough improvement, and softness.

Increasing demand from bakery manufacturers for enzymes to increase the yeast and provide better texture during the formulation for the final product is projected to be another vital factor in the coming time.

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Moreover, the alpha-amylase enzyme is gaining significant traction in the chemical industry as they are used as a catalyst in biofuels. They’re likely to experience significant traction for detergent production in order to augment the product yield and reduce lead time.

In addition, rising interest in the plant-based alpha-amylase baking enzyme is anticipated to offer significant opportunities to the market. For instance, in June 2021, RXBAR, the Kellogg Company subsidiary rolled out its first plant-based product, peanut butter, and chocolate chip flavors. Such initiatives are expected to provide opportunities for expansion in the market in the coming time.

On the contrary, health issues associated with the consumption of bakery products are projected to be the most significant factor hindering market growth in the coming time. Furthermore, rising preference for all alternative protein hydrolysis enzymes like xylanase, lipase, and others are likely to limit the market growth in the assessment period.

Key Takeaways from the Market Study:

  • Bacteria-based alpha-amylase baking enzymes to exhibit a CAGR of 3.8% during the forecast period
  • By application, bread manufacturing to comprise maximum usage, documenting a CAGR of 3.6%
  • Market in the U.S to value US$ 162.4 Million by 2032
  • K market to expand at a CAGR of 3% in the assessment period
  • Market in Japan to garner US$ 27 Million during the forecast period

“Rising consumption of bakery products as well as the quest to include ingredients which are consumer health friendly and cost effective are collectively leading to expansion of the market for alpha-amylase baking products market,” says an analyst at FMI.

Competition Analysis

Key players in the global alpha-amylase baking enzyme market include

  • Koninklijke DSM N.V.
  • Novozymes A/S DuPont
  • Puratos Group N.V. and Specialty Enzymes.

Recent key developments in the market are:

  • In May 2022, Winni Cakes, India’s leading online gifting platform and bakery chain, announced the opening of the first baking institute in Panchkula that has world resources, educators, and a modern bakery set up to train the young fellows.
  • In May 2022, B&M, a European Value Retail S.A.., announced the launch of the banana-flavored Jammie Dodger biscuit range.

A Full Report Analysis

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global alpha-amylase baking enzyme market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of source (fungi, bacteria and plant-based) and application (bread, cookies & biscuits, desserts and others), across five major regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)

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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Global Silicon Carbide Market to be Worth USD 5.8 Billion by 2032: Future Market Insights, Inc.

The silicon carbide market is expected to experience steady growth at a compounded annual rate of 7.5% throughout the forecast period. During this period, it is projected that the silicon carbide market will attain a total value of approximately USD 5.8 billion by the year 2032 improving from the valuation of USD 2.8 billion in 2022.

Another name for silicon carbide is carborundum. Silicon carbide is a semiconductor that helps the system in reducing the size and power loss by 50%, so silicon carbide is expected to replace other silicon-based semiconductors and transistors on the market.

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Various factors such as the surge in demand for motor drives, compact system size, and the increase in utility of silicon carbide in the cellular base station and radio frequency devices are some factors that are expected to be driving the growth of the silicon carbide market during the forecast period.

Silicon Carbide Market: Drivers and Limitations

  • Various factors such as the increase in demand for motor drives, compact system size and the increase in the use of silicon carbide in cellular base station and radio frequency devices are some of the factors driving the growth of the silicon carbide market during the forecast period.
  • Silicon carbide reduces power system loss by 50% due to increased adoption of compact size semiconductors in various applications such as Industrial Motor Driver, Power Supply and Inverter, Lighting Control and others.
  • On the other hand, the price of silicon carbide ranges from about $800 to $2,000 per ton, which is very high compared to other alternatives available in the market.
  • Therefore, the high cost of silicon carbide is the most important factor hindering the growth of the market. In addition, material defects and packaging related issues are the other challenge faced by vendors associated with the silicon carbide market.

Global Silicon Carbide Market: Regional Trend

  • Asia Pacific holds the largest market for cellular base station and radio frequency devices, and as such, the Asia Pacific region takes the largest market share in terms of revenue for the silicon carbide market.
  • It is also expected to maintain its dominance during the forecast period. It also becomes the main attraction for investors to invest in the Asia Pacific region as it supports government FDI for investments in countries like India and China.
  • In addition to the above, in China, the continued development of electric vehicles and electric vehicle charging is expected to provide new avenues for the opportunistic growth of the silicon carbide market in the coming years.

Leading Key Companies:

  • Pilegrowth Tech S.R.L
  • Ascatron AB
  • United Silicon Carbide, Inc.
  • Basic 3C, Inc.
  • Toshiba Corporation
  • Bruckewell Technology Corporation
  • Tankeblue Semiconductor Co. Ltd.
  • Central Semiconductor Corporation
  • Stmicroelectronics N.V.
  • Cree Inc. (Wolfspeed)
  • DOW Corning Corporation
  • Sanken Electric Co., Ltd.
  • Fuji Electric Co., Ltd.
  • Saint-Gobain Silicon Carbide
  • General Electric, Rohm Semiconductor
  • Genesic Semiconductor Inc.
  • Global Power Technologies Group
  • Renesas Electronics Corporation
  • Graphensic AB
  • On Semiconductor, Infineon Technologies AG
  • Norstel AB
  • Microsemi Corporation
  • Monolith Semiconductor Inc.

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Key Developments in the Global Silicon Carbide Market

  • A multinational manufacturer of semiconductor wafers named SK Siltron said in March 2020 that it had successfully acquired DuPont’s Silicon Carbide Wafer division for which the deal was finalized on February 29, 2020.
  • A memorandum of understanding (MOU) was inked in January 2020 between SK Siltron and Daegu Gyeongbuk Institute of Science and Technology to provide parallel computing support for the research and development of single crystal growth technology.

Silicon Carbide Market Segmentation:

By Product Type

  • Bare Die
  • Biscrete Devices
  • Module
  • Diode
  • MOSFET

By Wafer Size

  • 2 Inches
  • 4 Inches
  • 6-Inches
  • More than 6-inches

By Application

  • Electronic Combat System
  • RF Device and Cellular Base Station
  • Solar and Wind Energy
  • Power Grid Device
  • Flame Detector
  • Flexible AC Transmission Systems (FACTS)
  • EV Charging
  • EV Motor Drive
  • High-Voltage, Direct Current (HVDC)
  • Industrial Motor Drive
  • Power Supply and Inverter
  • Lighting Control
  • Others

By End User

  • Power Electronics
  • Telecommunications
  • Automotive
  • Energy & Power
  • Defense
  • Renewable Power Generation
  • Others

By Region

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Anthocyanin Food Colors Market Projected to Reach USD 515 Million by 2032, Reports Future Market Insights Inc.

Anthocyanin Food Colors Market

Anthocyanin food colors market is witnessing substantial growth due to the rising demand for natural food additives. These plant pigments, found in fruits and vegetables, are gaining popularity as a healthier alternative to synthetic dyes. Consumers are increasingly seeking clean-label products, propelling the demand for anthocyanin food colors across various industries like beverages, confectionery, and dairy.

The global market for anthocyanin food color is predicted to reach a market worth of close to USD 323 million by the year 2022, growing at a CAGR of 4.8% between 2022 and 2032, according to the Anthocyanin Food Colors Market research. In the global market for natural food color, which was estimated to be worth US$ 1.6 Bn in 2021, anthocyanin food color sales accounted for about 18.89% of total sales.

Anthocyanins are a very popular and diverse food colorant type, in relation to their pH, they may appear blue, red, purple, or black. Food plants that are anthocyanins-intensive are black rice, blueberry, raspberry, and black soybean, among many others that appear purple, red, blue, or black.  They are found in the cell vacuole, mostly in flowers, vegetables, and fruits, but also in leaves, stems, and roots. 

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Organic anthocyanin attaches health benefits like reducing the risk of heart disease and respiratory disorders. This has impelled the consumption of the anthocyanin market. The anthocyanin food color market is driven by its rising demand in food and beverage industries owing to its functional properties such as being anti-allergic, anti-microbial, anti-inflammatory, and antioxidant.

There is no conclusive evidence that anthocyanins have any effect on human biology or cause any diseases, hence are widely applied in the food industry. Anthocyanins’ restorative remedial properties, derived from their antioxidant, neuroprotective, and anti-malignant growth properties, have made them conducive for use in pharmaceutical products.  

Key Takeaways from the Market Study 

  • The overall anthocyanin food colors market is anticipated to grow at a rate of 8% on American continents. The US anthocyanin market contributes over 32% of the global Anthocyanin food colors market.
  • The European anthocyanin food colors market is currently pegged at approximately 1500 metric tons by volume and USD 75 mn by value. The demand for anthocyanin Food Colors is about to grow at 9% CAGR between 2022 and 2032 in this region.
  • The Asia-Pacific region is poised to be the fastest-growing anthocyanins market owing to the augmenting demand for natural colorant food and beverage and personal care products.
  • By application, the beverages industry holds command over the highest market share of 25%, followed by the bakery, snacks, and cereals segment and then the dairy industry. It is used as a coloring agent in cakes and bakes and in dairy products like ice creams, yogurt, etc.
  • When compared to synthetic colorants, anthocyanins have lesser stability, which is a major restraining factor for market expansion. Another problem impeding the market’s pace is the product’s higher cost when compared to its competitors.
  • Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main driver for sales of natural food colors like anthocyanin across global markets. Rising urbanization and government policies that encourage the use of natural food colors across industries are expected to fuel the anthocyanin market even further.

 “Anthocyanin food colorant producers should consistently innovate and adopt creative strategies to scale in an already booming market dominated by numerous players. Manufacturers should also strive to make plant-based food colors like anthocyanin more affordable to food processing industries. Larger companies would profit significantly by diversifying their range on anthocyanin color pallet and by targeting the artisanal wine and craft beer market,” says a Future Market Insights analyst.

Competitive Landscape 

Food colorant producers are intensively focusing on market research techniques and cost-cutting procedures in order to make anthocyanin food colors accessible for the food processing industry. These manufacturers also participate in various strategic alliances with leading food brands around the world to increase the reach of their products.  

Some of the leading market players in the Anthocyanin food colors market are Chr. Hansen Holding A/S, Kalsec Inc, Sensient Technology Corporation, Symrise A.G., Archer Daniels Midlands Co., Naturex S.A., DDW, among others. The aforementioned firms hold market dominance over more than 65% of the anthocyanin food colors market. Hence, the Anthocyanin food colors market leans towards the consolidated phase.  

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Anthocyanin Food Colors Market by Category

By Nature, the Anthocyanin food colors market is segmented as:

  • Organic
  • Conventional

By Application, the Anthocyanin food colors market is segmented as:

  • Bakery & Confectionery Products
  • Beverages
  • Fruit Preparations/ Fillings
  • Dairy Food Products
  • Potatoes, Pasta, and Rice
  • Soups, Sauces, and Dressings
  • Meat, Poultry, Fish, and Eggs
  • Seasonings
  • Others

By Source, the Anthocyanin food colors market is segmented as:

  • Black Carrot
  • Berries (Elderberry, etc.)
  • Purple Corn
  • Red Sweet Potato
  • Red Radish
  • Others

By Product Type, the Anthocyanin food colors market is segmented as:

  • Cyanidin
  • Malvidin
  • Delphinidin
  • Pelargonidin
  • Petunidin
  • Others

By end-user industries, the Anthocyanin food colors market is segmented as: 

  • Food Industry
  • Personal Care Industry
  • Others

By Region, the Anthocyanin food colors market is segmented as:

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

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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