Market Research Blog – Page 1642 – New Product Development

Egg Powder Industry Poised for Growth Surge: USD 4.8 Billion Valuation Projected by 2034

The global egg powder market is expected to be at a valuation of US$ 1,934.2 million in 2024. Egg powder sales are likely to account for roughly 5.8% of the overall protein market this year.

The worldwide demand for egg powder is projected to grow with a CAGR of 9.6% between 2024 and 2034. The global market size of egg powder by 2034, in terms of value, is forecast to be around US$ 4,843.5 million.

Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives.

Furthermore, protein powders in the market were only available in whey and casein protein which are both dairy-based protein powders, making them unsuitable for people with dairy allergies. Egg powder, on the other hand, is lactose-free, making it an excellent alternative to dairy-based protein powders for many people with dairy allergies, driving up demand for egg powder.

Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals.

Access the sample report in PDF format

Key Takeaways from Market Study

The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period.
The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period.
North America is inferred to account for 2/5th of the global egg powder consumption through 2032
Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period

The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly.

“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” says a Future Market Insights analyst.

Competitive Landscape

Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings.

This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities.

Drive Your Growth Strategy: Purchase the Report for Key Insights

Egg Powder Market By Category

By Type, Egg Powder Market is Segmented as:

Whole Egg
Egg White
Egg Yolk

By End Use, Egg Powder Market is Segmented as:

Food & Beverages
- Bakery
- Confectionery
- Sauces & Dressing
- Others
Personal Care & Cosmetics
Pharma
Dietary Supplements
Animal Feed & Pet Food
HoReCa
Others

By Sales Channel, Egg Powder Market is Segmented as:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region, Egg Powder Market is Segmented as:

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Asphalt Shingle Market Poised to Reach USD 13.34 Billion by 2034, Driven by Steady 3.8% CAGR

The worldwide asphalt shingle market is poised for significant growth, with projections from Future Market Insights (FMI) indicating that it will reach USD 9187.2 million in 2024 and escalate to USD 13340.1 million by 2034. This expansion is underpinned by a compound annual growth rate (CAGR) of 3.8% over the forecast period. The increasing demand for durable and cost-effective roofing solutions, particularly in residential construction, along with advancements in shingle technology and enhanced aesthetic appeal, are driving this market growth. Additionally, the market benefits from rising renovation activities and the growing awareness of the advantages of asphalt shingles, such as their weather resistance and ease of installation.

Demand for asphalt shingles is increasing in both residential and commercial sectors due to their affordability and toughness. Urbanization trends, particularly in developing nations, drive the need for housing and infrastructure, making asphalt shingles the preferred material for residential construction.

The asphalt shingle industry is set to rise due to the growing awareness of energy efficiency, as reflective coatings or cool roof technologies reduce energy use. Building rules and regulations that emphasize safety, durability, and energy efficiency can influence the acceptance of these roofing materials.

Discover Growth Opportunities in Asphalt Shingle – Get Your Sample Report Now!

Weather and natural disasters are expected to necessitate the use of strong, robust roofing materials in areas vulnerable to severe weather or natural disasters. The market is further set to expand due to consumer demand for visually appealing and customizable solutions.

Economic factors, such as housing market movements, interest rates, and disposable income, are set to influence demand for roofing materials. Overall, there is a positive correlation between economic growth and more building and remodeling activity.

Key Takeaways from the Asphalt Shingle Market Report:

The asphalt shingle sector is expected to reach a valuation of USD 13340.1 million by 2034.
The market is projected to surge at a CAGR of 3.8% by 2034.
China’s asphalt shingle market is expected to grow at a CAGR of 4.3% by 2034.
India is projected to surge at a CAGR of 5.7% in 2034.
Based on end-use, the residential segment is expected to hold a market share of 75.4% in 2024.

“The durability and weather resistance performance of asphalt shingles are expected to contribute significantly to growing usage worldwide. The high-performance asphalt shingle market is projected to experience significant growth through 2034, driven by rising demand for luxury residential and commercial buildings due to urbanization and globalization.” – Says an Analyst at Future Market Insights, Inc.

Competition Outlook

Leading companies in the market compete based on economies of scale, reducing resource consumption and integrating across the value chain. Key asphalt shingle companies aim to increase sales through product development and production through capacity additions.

The market is expected to continue growing due to increasing product penetration and favorable economic conditions, driving capacity and product demand. The industry is undergoing fierce competition, with key companies investing heavily in research and development to improve the performance and functionality of new chemicals.

Key manufacturers are developing asphalt shingles with superior properties, extended durability, and environmental consciousness. Companies are also working on asphalt shingles with improved environmental profiles, aligning with broader sustainability goals. This focus on innovation and material science is ensuring long-lasting utilization in the market.

Industry Updates-

In 2023, GAF Materials Corporation introduced a new line of energy-efficient asphalt shingles, featuring a heat-reflecting coating that significantly reduces energy costs.
In 2023, Owens Corning inaugurated a new manufacturing plant in Mexico, specializing in the production of asphalt shingles for the market.
In 2023, CertainTeed Corporation introduced a new line of durable asphalt shingles, crafted with a special resin that enhances resistance to damage from hail and other weather events.

Contact Our Sales Team Now to Discuss How You Can Acquire This Report and Gain Valuable Insights for Your Business.

Leading Asphalt Shingle Players

Owens Corning
TAMKO Building Products Inc.
IKO Industries Ltd
Atlas Roofing Corporation
GAF Materials Corporation
Malarkey Roofing Products
PABCO Roofing Products
Siplast Inc.
Henry Company LLC
Building Products of Canada Corp.

Get More Valuable Insights

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

The study incorporates compelling insights on the asphalt shingle market based on product type (laminates asphalt shingles, three-tab shingles, strip shingles, luxury shingles, and architectural shingles), composition (fiberglass and organic), end-use (new construction, re-roofing, residential), and region.

About Future Market Insights (FMI)

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

Contact Us:

Global Portable Sandwich Maker Market Expected to Reach USD 2.39 Billion by 2032

The portable sandwich maker market is witnessing a surge in demand due to the growing trend of on-the-go eating habits and the need for quick and convenient meal options. This compact and handy appliance allows users to whip up delicious sandwiches within minutes, making it an ideal choice for busy individuals, students, and travelers. The market is dominated by well-known brands offering a variety of models with advanced features like non-stick coating, adjustable temperature settings, and even grilling capabilities.

The Portable Sandwich Marker Market is expected to escalate at a CAGR of 11.6% from USD 797.4 Million in 2022 to USD 2387.2 Million through 2032.

With all cafes, restaurants, and retail outlets closed due to the pandemic, the demand for portable sandwich makers for commercial purposes has greatly decreased. Due to trade barriers, the supply chain of the portable sandwich maker market has been disrupted.

There is an increasing demand for portable sandwich makers in households owing to the popularity of sandwiches at breakfast, which has contributed to the growth of the portable sandwich maker market. Several countries have shut down their industries, thus causing the production of portable sandwich makers to drop drastically. Also, labor mobility has been restricted in many places, and raw materials are hard to come by.

Stay ahead of the curve with our in-depth Sample report on the Portable Sandwich Maker Market.

Increasing numbers of fast-food restaurants, coffee shops, and food joints around the world contribute to the growth of the portable sandwich maker market. Portable sandwich makers allow food joints to quickly cook food, causing them to buy this product in higher numbers.

Several factors drive the growth of the portable sandwich maker market, including the growth of the population, disposable incomes, and western influences on cooking methods.

The increase in energy prices, transportation costs, and depreciation increase the cost of portable sandwich makers. This causes companies to worry about a rapid decline in profit, which further restrains the growth of the portable sandwich maker market.

As products continue to be innovated and advanced technology advances, manufacturers are obliged to develop new products that satisfy the needs of consumers. The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices, including smartphones.

Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.

KEY TAKEAWAYS:

The portable sandwich marker market is predicted to develop at a CAGR of 11.6% in the section of the solution category.
The outdoor segment of the location type category in portable sandwich marker market is likely to lead through 2032.
In the United States, the portable sandwich marker market is estimated to hold dominance throughout the forecast period.
By 2032, the portable sandwich marker market in the United Kingdom is expected to show high growth through 2032.

COMPETITIVE LANDSCAPE:

In recent years, the portable sandwich maker market has developed a competitive edge.

The industry includes Huayu Electrical Appliance Group Co.,Ltd., Zhejiang Wisdom Industry & Trade Co. Ltd., Hamilton Beach Brands, Inc.,Nostalgia Products, TTK PRESTIGE LIMITED, Cello World, Ningbo Mengte Import&Export Co.,Ltd., Borosil, Morphy Richards, Breville USA, and Russell Hobbs ( Spectrum Brands , Inc.).

The portable sandwich maker market is characterized by the presence of a large number of regional manufacturers offering a variety of products. To meet the demands of various consumers, these companies devise various strategies, such as offering cheap and valuable portable sandwich makers.

RECENT DEVELOPMENT:

The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices including smartphones.

A portable sandwich maker offered by Griffin technology, for example, is compatible with mobile devices via Bluetooth, has options for defrosting, and features automatic heating. The convenience of intelligent, portable sandwich makers is anticipated to be an important factor influencing consumer behaviour.

A Full Report Analysis

Key segments

By Product Type:

Single Panini Grill Maker
Double/Dual Panini Grill Maker

By Material Type:

Stainless Steel
Bakelite/Aluminum
Cast Iron
Glass
Others (Alloy, etc.)

By Price Range:

Low
Medium
High/Premium

By Application:

Residential
Commercial

By Sales Channel:

Wholesaler/Distributor
Hypermarkets/Supermarkets
Multi-brand Stores
Specialty Stores
Independent Small Stores
Online Retailers
Other Sales Channel

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Air-Dried Food Market to Reach USD 146.4 Billion by 2033, Growing at 4.1% CAGR Driven by Advanced Packaging and Consumer Demand for Nutritious Products

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

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

Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now

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

Key Takeaways from the Market Study

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

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

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

Competitive Landscape

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

Prominent players in the air-dried food market are:

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

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

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

More Valuable Insights Available

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

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

About Future Market Insights (FMI)

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

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Herbs and Spices Market to Reach USD 244.12 Billion by 2034, Growing at 3.6% CAGR Driven by Demand for Natural Flavors and Health Benefits

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

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

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

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

Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now

Key Takeaways from the Herb and Spice Market Study Report

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

Competitive Landscape for the Herb and Spice Market Players

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

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

Recent Developments by the Herb and Spice Industry Participants

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

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

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

Key Players Profiled in the Herb and Spice Market Report

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

Key Segments Covered by Herb and Spice Industry Survey Report

By Product Type:

Herbs
Spices
Paprika (Hot Pepper)
Cumin

By End Use:

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

By Form:

Powder & Granules
Flakes
Paste
Whole or Fresh

By Sales channel:

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

By Region:

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

About Future Market Insights (FMI)

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

Vegan Protein Powder Market to Reach USD 9.07 Billion by 2033, Growing at 7.4% CAGR Driven by Surge in Plant-Based Diets

According to Future Market Insight, the Global Vegan Protein Powder Market will reach US$ 9.07 billion by 2033, registering a CAGR of 7.4%. This anticipated growth signifies a remarkable upsurge from its projected worth of US$ 4.63 billion in 2023.

There has been a significant increase in people adopting vegan and vegetarian diets worldwide. Ethical considerations, environmental concerns, and personal health benefits motivate individuals to embrace plant-based lifestyles. As a result, the demand for plant-based protein powders has skyrocketed. Plant-based protein powders offer a convenient and accessible source of Protein without relying on animal-derived ingredients.

Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now

The increasing desire for protein supplements to enhance well-being and promote good health greatly contributes to expanding the vegan protein supplement market. The fast-paced nature of modern lifestyles and busy schedules have led to a higher demand for convenient protein sources. Moreover, vegan protein powders offer a suitable alternative for individuals who are lactose intolerant or have other dietary restrictions.

Given their high amino acid content, protein powder supplements are also gaining popularity among fitness enthusiasts seeking muscle development. Vegan protein powders have recently gained considerable popularity among athletes and fitness enthusiasts. These powders are derived from plant-based sources such as peas, rice, hemp, soy, and other legumes. They offer a convenient and effective way to increase protein intake, which is crucial for muscle repair and growth.

The increasing popularity of plant-based milk alternatives has significantly contributed to the rising demand for vegan protein powders. Soy milk, almond milk, and pea milk are widely consumed as substitutes for dairy milk and have gained popularity. Plant-based milk alternatives are often perceived as healthier than dairy milk due to their lower saturated fat content and potential health benefits associated with the plant-based ingredients.

Soy protein isolate is a high-quality, easily digestible protein with a neutral flavor. Pea protein powders are another good source of plant-based Protein. They don’t contain gluten and have minimal carbs. These factors make these alternative protein powders a popular choice among vegan consumers.

Vegan protein powders have expanded their reach through various distribution channels. They are readily available in health food stores, supermarkets, online platforms, and specialized vegan stores. E-commerce has created opportunities for established brands and emerging start-ups to reach a wider customer base. Online platforms offer convenient access to a variety of vegan protein powders, facilitating ease of purchase for consumers. This increased accessibility has significantly boosted the Market. It has made vegan protein powders easily accessible to a wider range of consumers.

The vegan protein powder market has seen successful marketing campaigns and endorsements by influential individuals. Celebrities, athletes, and fitness influencers have endorsed vegan protein powders. These endorsements have raised awareness and highlighted the benefits of vegan protein powders. They have managed to attract the interest of a broader range of viewers. Marketing efforts have played a pivotal role in promoting the growth of the vegan protein powder market.

Manufacturers continuously innovate to improve vegan protein powders’ taste, texture, and nutritional profiles. They are also introducing new flavors and incorporating additional functional ingredients, such as probiotics and superfoods, to enhance the overall health benefits.

In response to the growing demand for personalized nutrition, certain companies in the vegan protein powder market have started offering products tailored to the individual’s specific needs. This personalization considers factors such as age, gender, and fitness goals to provide a more customized and targeted protein supplement.

Key Takeaways from the Vegan Protein Powder Market

The United States held a 17.2% share of the global vegan protein powder industry in 2022.
India is expected to have strong growth in the vegan protein powder industry, with a CAGR of 4.7% during the projected period.
In 2022, Japan had a 4.8% share of the vegan protein powder industry globally.
China’s vegan protein powder industry is expected to flourish speedily, registering a CAGR of 10.2% over the forecast period.
Germany accounted for 6.2% of the global vegan protein powder industry in 2022.

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

Competitive Landscape in the Vegan Protein Powder Market

Key players are actively expanding their product portfolios, focusing on research and development to improve taste and texture and investing in sustainable sourcing practices. They also employ innovative marketing strategies to reach a broader consumer base and capitalize on the growing demand for plant-based protein options. Additionally, these companies are forging strategic partnerships with retailers and health-conscious influencers to increase brand visibility and establish themselves as leaders in the rapidly growing vegan protein powder industry.

Recent Developments by Key Players

In June 2023, Synthite introduced two exciting new products to the Market. One of them is Just Plants, a plant-based dairy alternative, and the other is Protein, a plant-based protein drink powder.

In August 2021, Ascent, a rapidly growing sports nutrition company in the United States, unveiled a new range of organic plant-based protein powders to promote muscle health and enhance athletic performance.

Top Companies in Vegan Protein Power Market

Archer Daniels Midland Company
AGT Food and Ingredients
Cargill Inc.
A&B Ingredients
Ingredion Incorporated

Vegan Protein Powder Market Segmentation

By Source:

Soy
Wheat
Pea
Others

By Flavors:

Unflavored
Chocolate
Vanilla
Strawberry
Blueberry
Others

By Application:

Food Processing
Nutritional Products
Animal Feed
Household (Retail)
Others

By Distribution Channel:

Direct Sales
Hypermarkets/Supermarkets
Specialty Stores
Pharmacy & Drug Stores
Online Stores
Others

By Regional Outlook:

North America (United States, Canada)
Latin America (Brazil, Mexico, Peru, Argentina, Chile, Rest of LATAM)
Europe (EU-4, United Kingdom, BENELUX, Nordics, Eastern Europe, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia, Rest of South Asia & Oceania)
Middle East & Africa (GCC Countries, Northern Africa, South Africa, Turkey, Rest of MEA)

About Future Market Insights (FMI)

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

RF Power Semiconductor Market | Increasing Demand for Efficient Management Practices Report 2027

Rapid technological breakthroughs in the telecommunications and electronics industries are driving up global demand for RF power semiconductors. RF power semiconductors are crucial for increasing bandwidth and functionality while lowering production and development costs for network infrastructure and consumer electronics.

In a recent research study, Future Market Insights (FMI) investigated the many aspects influencing the adoption of RF power semiconductors. Power efficiency’s global importance and the increasing adoption of vital networking technologies have provided lucrative growth prospects in the global RF power semiconductor industry.

Uncover the Massive Market Potential of RF Power Semiconductor Market – Get Our Sample Report Now

Rapid advancements in global network infrastructure, as well as rising demand for wireless technologies and systems, are projected to accelerate the adoption of RF power semiconductors in the near future. The FMI analysis examines the main elements impacting the global RF power semiconductor market’s revenue growth across key geographical areas.

Growing adoption of wireless technologies and systems

is propelling demand for RF power semiconductors, according to FMI analysis. The rapid proliferation of wireless mobile phone systems and subsequent increase in the global subscription base along with the increasing application of wireless technologies is creating significant opportunities for companies in the RF power semiconductor market.

The increase in demand for power-efficient semiconductor products has fuelled the adoption of wireless systems. Manufacturers of semiconductor products are focussing on launching safe, cost-optimal, and high-performance RF power semiconductors in the global market.

Increasing traction of 5G networks is another revenue booster in the global RF power semiconductor market. 5G technology has already entered the global telecommunications industry and telcos are migrating their current network infrastructure to high-speed 5G services and networks. Companies in the RF power semiconductor market are manufacturing 5 G-compatible RF devices in keeping with the increasing application areas in the telecom industry.

Further, the increasing adoption of 5G services such as autonomous driving, augmented reality and virtual reality, artificial intelligence, and ultra HD video is spurring global demand for and adoption of RFID.

Key Highlights from FMI’s Analysis and Forecast of the Global RF Power Semiconductor Market

Increasing adoption of RF power semiconductors in the telecommunications industry will push revenues significantly in the next few years, with the global RF power semiconductor market projected to grow at a CAGR of 12% during the period 2018 to 2027.
The RF power semiconductor market in Asia Pacific Excluding Japan is expected to be the dominant and most attractive regional market in terms of revenue, with a projected growth rate of 13.1% during 2018 – 2027.
Revenue from the sales of RF power amplifiers is expected to surge in the coming years, and FMI estimates indicate this will remain the largest product type in the global RF power semiconductor market.
Adoption of RF power semiconductors in the global telecommunications industry will be the highest in the near future, with the sector expected to record a value share of just under 42% by the end of 2018.

Reach Out to Our Sales Team Today and Discover Critical Insights for Your Success!

Key Segments

By Product Type

RF Power Amplifiers
RF Switches
RF Filters
RF Duplexers
Others RF Devices

By Industry

Telecommunication
Consumer Electronics
Automotive
Aerospace & Defence
Medical
Others

Key Regions covered:

North America
Latin America
Europe
APEJ
Japan
MEA

About Future Market Insights (FMI)

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

Contact Us:

Soy Beverage Sales Projected to Reach USD 42,167 million by 2034 as Unsweetened Handcrafted Organic Soy Drinks Gain Traction | FMI

The soy beverage market value is expected to rise from USD 24,412 million in 2024 to USD 42,167 million by 2034. This market is analyzed to record a CAGR of 5.6% over the next decade.

The growing interest in vegan and vegetarian diets is pushing the consumption of soy beverages. Soy beverages also hold significant appeal among lactose-intolerant consumers due to their favorable constituents.

Consumption of soy milk helps improve heart health, reduce the risk of osteoporosis, and lower the chances of diabetes. On the back of these benefits, dieticians and health professionals are recommending relevant people to drink soy beverages.

Request a Sample of this Report Now

To increase their consumer base, players are offering unsweetened handcrafted organic soy drinks that are made with organic soybeans immersed in RO water. Additionally, they are crafting soy drinks in small batches. The artisanal process of players ensures the product is replete with protein and bursting with flavor.

The clean label on the product offering ensures that consumer has complete knowledge about the product they are consuming. This includes information about salts, additives, preservatives, sugars, additives, emulsifiers, oils, or artificial flavors.

Manufacturers are taking precautions so that soy milk does not curdle in a short period, making it a brilliant choice for coffee or tea. For this, the beverage is fortified with protein-rich content. Players are also ensuring that their soy drink is shelf-stable, making refrigeration unnecessary.

Key Takeaways from the Soy Beverage Market Report

The global soy beverage market is projected to total USD 42,167 million by 2034.
Soy milk segment is projected to account for a share of 64.6% in 2024.
The flavored soy beverage is predicted to hold a market share of 56.8% in 2024.
Canada is set to record a 5.9% CAGR over the forecast period.
Sales in Spain are anticipated to grow at a CAGR of 11.2% through 2034.

“Players are focusing on sustainable soy farming practices and evolving consumer tastes and preferences to increase their share,” says a lead analyst of Future Market Insights (FMI).

Who is Winning?

Industry participants are developing lactose-free, vegan, and organic beverage options, to meet the dietary requirements of diversified consumer demographics. They are also introducing soy milk fortified with additional nutrients like calcium, vitamin D, and protein blends to gain acceptance among health-conscious consumers.

Players are further adopting sustainable soy farming practices by curtailing their water usage. Consequently, they are gaining appeal among eco-conscious consumers. Players are also collaborating with varied plant-based food and beverage firms to increase their market reach.

Recent Developments in the Soy Beverage Market

Yeo Hiap Seng, which is a Singapore-based company, launched a unique soy milk beverage in the region in April 2024. The product is fortified with vitamin B6 and zinc to elevate the body’s immunity.
The Fresh Barista Soya Drink made its debut in January 2024. The product is constituted of sustainably sourced, non-GMO soy.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global soy beverage market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.

The study provides compelling industry insights based on the product type (soy milk and soy drinkable yogurt), flavor (flavored soy beverage and unflavored soy beverage), and sales channel (offline sales channel {supermarkets/hypermarkets, departmental stores, convenience Store, and other sales channels) and online sales channel (company website and eCommerce platform)} across several regions.

Click Here To Purchase Your Full Report

Key Segments of Soy Beverage Market

By Product Type:

The soy beverage market segmentation, based on product type, is divided into soy milk and soy drinkable yogurt.

By Flavor:

The industry is categorized as flavored and unflavored soy beverages, on the basis of flavor.

By Sales Channel:

Key sales channels that distribute this product include offline sales channels and online sales channels. The offline sales channel is further divided into supermarkets/hypermarkets, departmental stores, convenience stores, and other sales channel. The online sales channel is divided into eCommerce platforms and company websites.

By Region:

Sales trends of the product in regions like North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania are inspected in the report.

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 Paint Additive Market to Reach USD 15.84 Billion by 2034, Driven by a 4.6% CAGR

The global paint additive market is poised for significant growth, with an anticipated compound annual growth rate (CAGR) of approximately 4.6% during the forecast period. In 2024, the market is expected to reach a valuation of USD 10,096.6 million and is projected to expand to around USD 15,840.4 million by 2034. This growth trajectory is driven by increasing demand for enhanced paint performance, advancements in coating technologies, and the rising need for durable, high-quality finishes across various industries, including automotive, construction, and industrial applications. The ongoing focus on innovation and sustainability within the paint and coatings sector is further expected to propel the market forward over the next decade.

Demand for paint additives is projected to rise in the assessment period due to surging emphasis on environmental friendliness and sustainability across home improvement and construction sectors. Paint additives with numerous beneficial properties like low volatile organic compound (VOC) emissions, weather resistance, and high durability are gaining momentum. With the implementation of stringent norms across emerging economies, key players are set to shift toward new additives to meet sustainability goals.

Ongoing innovations in technology are projected to lead to the development of unique paint additive formulations. Improved UV protection, fire resistance, and anti-microbial properties are set to be included in the new formulations. The launch of new additives is set to create new opportunities for usage across the manufacturing, aerospace, and automotive Refinish coating industries.

Ready to Expand Your Horizons? Request a Sample of the Paint Additive Market and Explore New Growth Opportunities Now!

The evolving preferences of modern consumers are further compelling key players to develop novel paints to provide aesthetic appeal. Rising demand for low-cost, mold-resistant, and easy-to-clean paints is anticipated to drive the market. Additives are set to provide anti-settling, anti-blocking, and superior adhesion properties.

The rapid growth of the building and construction industry along with the increasing usage of paints in this sector will continue to propel the sales of paint additives over the next ten years. Similarly, growing applications in the automotive, equipment manufacturing, consumer electronics, and aerospace sectors are projected to bolster the growth of the paint additives market in the coming years.

Key Takeaways from the Report

The global market is estimated to reach USD 10096.6 million in 2024.
India is projected to witness a CAGR of 6.9% in the forecast period.
Germany is anticipated to showcase a 2.2% CAGR through 2034.
By product type, the acrylic segment is likely to account for a share of 35.4% in 2024.
Based on end-use, the industrial segment is set to hold a share of 32.9% in 2024.

“The booming construction industry worldwide is set to augment the need for high-performance paints to help resist harsh climatic conditions. The surging demand for paints providing long-term protection is another key factor fostering sales globally,” – Says an Analyst at Future Market Insights, Inc.

Competition Outlook

The paint additive market contains several large to small-sized companies operating across the globe. With the rising demand for highly durable paints, these companies are focusing on research and development activities to come up with novel formulations.

A few small-scale companies are collaborating with renowned players to share their expertise and co-develop novel products. These companies are striving to keep up with sustainability norms set up by government bodies worldwide.

For instance,

In March 2024, Syensqo, headquartered in Belgium, launched a unique solution under the company’s existing Rhodoline specialty coating additives line. Rhodoline HBR has an early hot block resistance feature and can help meet strict government norms associated with fluorosurfactants.
In December 2023, PETRONAS, based in Kuala Lumpur, introduced ProShield+, a new paint additive for steel structures. The additive can help resist harsh weather conditions and protect structures from corrosion.

Connect with Our Sales Team Now to Explore the In-Depth Insights in This Report and Drive Your Business Forward.

Leading Paint Additive Market Players

AkzoNobel N.V.
Arkema SA
Asahi Glass Co. Ltd.
Ashland Inc.
BASF SE
BYK-Chemie
Dow Chemical
Evonik Industries
Arch Chemicals
Lonza
Daikin Industries

Get More Valuable Insights

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

The study incorporates compelling insights on the paint additive market based on product type (acrylics, fluoropolymers, urethanes, and metallic additives), formulation (solvent-based and water-based), application (rheology modification, biocides impact modification, wetting and dispersion, and anti-foaming), end-use (industrial, automotive, architectural, wood and furniture), and region.

About Future Market Insights (FMI)

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

Contact Us:

Food Acidulants Market to Reach USD 4.5 Billion by 2033, Growing at 5.4% CAGR Driven by Demand for Clean-Label and Processed Foods

The food acidulants market is valued at US$ 2.6 billion in 2023 and is estimated to reach a value of US$ 4.5 billion by 2033, registering a CAGR of 5.4% during the forecast period.

The rising disposable income and growing demand for clean-label products and processed food are increasing the market share. Furthermore, the demand for food acidulants is fueled by the growing food industry, government initiative plans and emerging economies. In addition, the food and beverage manufacturers are fueling the market size by increasing the production of food acidulants during the forecast period.

One of the major factors helping to boost the food acidulants market size is the growing demand for healthy nutrition, citric beverage and preserved food among consumers. Moreover, the growing adoption of food acidulants by manufacturers is enhancing the taste of jellies, jams, cakes and pastries.

Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now

Adopting fumaric acid in several beverages to provide acidic flavor surges with the global market expansion.

Increasing demand for beverages among consumers all around the region is contributing to maximum revenue. Hence, the manufacturers are introducing several unique products to attract consumers and are increasing market trends during the forecast period. Moreover, the adoption of citric acid for desserts, syrups and exotic beverages is enhancing the market share. An increase in the trends of ready-to-eat food leads to the growing demand for food acidulants in the food sector.

The bakery and confectionery records a CAGR of 5.2% in the food acidulants market. The growing demand for cakes and pastries among children increases the demand for bakery and confectionery. Increasing demand for packed food and enhanced food shelf life drives the market expansion.

Powder Category is the most Sought-after in Foam Segment

The powder category leads the food acidulants market by occupying a CAGR of 5.6% during the forecast period. There is a growing demand for powder foam due to its better storage, ease of use and transport. The increasing consumer preferences are bolstering the demand for powder-form food acidulants.

Growing demand for nutritional diets for animals results in the increasing adoption of powder foam. The powder foam recorded a CAGR of 4.3% in its historical period from 2017 to 2022.

Key Takeaways:

The food acidulants marketvaluation is expected at US$ 4.5 Bn by 2033.
The global market is likely to increase during the forecast period witnessing a CAGR of 5.4%.
The market in the United States is anticipated to grow at a CAGR of 3.8% through 2033.
With a CAGR of 6.0%, the Indian market will significantly uplif during the forecast period.
The UK market is expected to grow at a CAGR of 4.5% over the forecast period.

Who is winning?

The market is growing at a moderate pace due to the number of prominent leaders in the global market. The growing local and international companies are advancing the business with the global players. These players are strengthening their companies through unique and innovative product launches.

The growing technological advancement, research activities and adopting market strategies by prominent players are the major factors anticipated to fuel the market expansion during the forecast period.

In 2021, a US-based Company, KPS Capital Partners, acquired Tate & Lyle to expand their business in North America and Latin America.

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

Food Acidulants Market by Category

By Type:

Acetic Acid
Fumaric Acid
Citric Acid
Phosphoric Acid
Lactic Acid
Malic Acid
Tartaric Acid

By Foam:

Liquid
Powder

By Function:

Flavor Enhancer
Microbial Control
pH Control
Preservative
Others

By Application:

Bakery and Confectionery
Beverages
Dairy Food
Animal Nutrition

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa (MEA)

About Future Market Insights (FMI)

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