Market Research Blog – Page 1702 – New Product Development

Ready-to-Drink Beverage Industry Set for Significant Growth, Projected to Reach USD 430.30 Billion by 2034

The ready-to-drink beverage (RTDs) market value is expected to rise from US$ 206.25 billion in 2024 to US$ 430.30 billion by 2034. This market is analyzed to propel ahead at a CAGR of 7.60% over the next decade.

Industry players are strategizing for growth by increasing their college campus presence via nutrition-promoting programs. In addition, players are progressively working with collegiate sports programs and NIL athletes to give a boost to their brand awareness and promote product affinity.

With growing busy consumers in metropolitan cities, RTD beverage brands are promoting themselves as a lifestyle brand. These brands attune their products to consumers’ values, like freedom, wellness, and authenticity, to sell their products.

Key players offering energy RTDs, like the America-based Celsius, are building a strong foundation of loyal customers, typically found within the fitness community who increasingly consume energy boosters. Customers for these brands are gravitating toward their brands’ offerings because of the authenticity and support that they extend to fit lifestyle culture.

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Energy RTD beverages make for a great gym partner, study partner, and get-through-your-shift partner as they quench thirst and give an instant surge of energy. Another noted driver for the energy drinks category under the RTD industry is that functional drinks can be paired with meals and food as they taste appetizing, that too without containing sugar content.

The alcoholic ready-to-drink beverage is also gaining momentum in developed and developing countries alike. Their sales are supported by increasing tourism activities and the expanding trend of celebrating everyday moments, packed in a convenient and portable bottle. The growth of alcoholic RTDs in developing countries is a testament to shifting consumer preferences.

“Key players are expanding their presence the world over, by gradually expanding their operations and searching for opportunities and demand outside their homeland. Additionally, players who are agile in responding to the latest consumer preferences and trends are expected to have an advantage over their peers,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Ready-to-drink Beverage Market Report

The ready-to-drink beverage market share was US$ 150.92 billion in 2019. From 2019 to 2023, the market registered a CAGR of 7.10%.
By product type, the coffee segment is predicted to occupy a value share of 21.5% in 2024.
Based on nature, the conventional segment is expected to exercise dominance in the global market, obtaining an 86.5% share in the market.
Regionally, the consumption patterns indicate that demand for ready-to-drink beverages is expected to be higher in emerging countries than in developed markets.

Latest Developments in the Global Ready-to-drink Beverage Market

In November 2023, Kirin Hyoketsu, Japan’s best-selling RTD, made its way to New Zealand. The beverage brand made its Kiwi debut with signature Lemon flavour which is a blend of soda, vodka, and frozen natural lemon juice.
In October 2022, Radico Khaitan introduced ready-to-drink options for the vodka brand. In the years to follow, the company shared that it was going to produce three variants, including cola, cosmopolitan, and mojito. At present, the products are sold in Karnataka, followed by Maharashtra, Goa, and Daman & Diu.
In December 2023, Coca-Cola India announced the testing of Lemon-Dou in India, which is a ready-to-drink alcoholic beverage.

Enlisted Below are Some Top Market Players

Diageo plc
Brown-Forman
Bacardi Limited
Asahi Group Holdings, Ltd.
Pernod Ricard
Halewood Wines & Spirits
SHANGHAI BACCHUS LIQUOR CO., LTD.
Suntory Holdings Limited
Manchester Drinks Company Ltd.
Anheuser-Busch InBev
Others

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Market Segmentation of Ready-to-drink Beverage Products

By Product Type:

Tea
Coffee
Energy Drinks
Yogurt Drinks
Dairy-based beverages
Non-Dairy Based Beverages
Fortified Water
Others

By Nature:

Organic
Conventional

By Packaging:

Bottle
Tetra Pack
Sachet
Tin Can
Others

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Grocery Stores
Speciality Stores
Online retail

Different Regional Markets are as Follows:

North America
Europe
Asia Pacific
Middle East and Africa
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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Transforming the Dextrose Monohydrate Market: Innovations Fueling 4.0% CAGR Growth to 2033

The global dextrose monohydrate market is projected to reach a value of US$ 498 million by 2023 and is expected to evolve at a CAGR of 4.0% to reach US$ 708.7 million by 2033.

Due to its health advantages, dextrose monohydrate demand is anticipated to soar during the forecast period. Its application in the food and beverage industry is also expected to be expanded by its use as sweeteners, binders, emulsifiers, and thickeners.

Dextrose Monohydrate: Enhancing Shelf Life & Flavor of Processed Meat

Consumers are looking for high-quality, convenient meat products, which is boosting the processed meat market. Dextrose monohydrate is essential in the enhancement of processed meat. It improves color development, salt penetration, flavor, and pH balance during injection and immersion curing. Meat-based breakfast options such as bacon are gaining popularity over pancakes due to changing preferences and a need for protein-rich meal options.

A carbohydrate blend, containing dextrose monohydrate, ensures proper fermentation, controlled pH, and the necessary microbial population in fermented dry sausages. As a result, the sausages have exceptional sensory qualities, body, and flavor. The adoption of dextrose monohydrate in processed beef increases market sales by satisfying customer tastes and extending shelf life.

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Sugary Suppression: Artificial Sweeteners Curb Dextrose Monohydrate’s Growth

Excessive dextrose consumption has been linked to obesity, liver function disruption, and increased uric acid levels. Regulations limiting the usage of dextrose monohydrate hinder its demand growth. In search of low-calorie alternatives, manufacturers are turning to artificial sweeteners that help maintain blood sugar levels. Their widespread use in processed foods boosts their sales, driven by their ability to retain taste.

FDA-approved sweeteners such as saccharin, sodium benzoate, and aspartame have gained popularity in the food industry. Aspartame, being much sweeter than sugar, reduces production costs. The increasing utilization of artificial sweeteners is expected to hamper dextrose monohydrate market growth.

North America Leads Global Dextrose Monohydrate Market

North America is projected to dominate the global dextrose monohydrate industry due to its strong regional segmentation. The region benefits from a high level of awareness and understanding of the product, which contributes to market growth. The increased emphasis on wellness and health among Americans fuels the market expansion of dextrose monohydrate in North America.

Key Takeaways

The United States might increase its market share by 21/7% between 2023 and 2033.
Between 2023 and 2033, Germany may hold 4.1% of the dextrose monohydrate
From 2023 to 2033, the United Kingdom dextrose monohydrate industry registered at a 5% CAGR.
Australia to hold a 2.9% share of the dextrose monohydrate market from 2023 to 2033.
During the forecast period, the Chinese dextrose monohydrate business to expand at a CAGR of 4.2%.
Japan’s share of the dextrose monohydrate industry could reach 2.3% between 2023 and 2033.
Through 2033, the Indian dextrose monohydrate market to record a CAGR of 5.3%.
The grade segment to hold a market share of 74.5% in the food grade category between 2023 and 2033.
Bakery & Confectionary sector to grab a significant market share of 53.6% in the application category between 2023 and 2033.

Competitive Landscape

Major dextrose monohydrate players spend a lot of money on research and development to broaden their product offerings, which may escalate the dextrose monohydrate business to continue expanding.

The dextrose monohydrate players are launching new products, making agreements, purchasing firms, raising capital, and collaborating with other organizations to boost their investments and build a larger global presence. To grow and survive in a more cutthroat and competitive market climate, dextrose monohydrate competitors must provide affordable products.

New Developments

Tate and Lyle PLC expanded its presence in Asia by inaugurating a cutting-edge application lab in Singapore in 2019. Equipped with advanced technology and pilot-scale capabilities, the lab facilitated collaboration with food and beverage partners to develop delicious products that catered to the preferences of consumers in Asian countries, spanning beverage, dairy, bakery, sauce, and dressing processing.
Atlantic Chemicals Trading GmbH established a new warehouse in Stelle, near Hamburg, ensuring efficient delivery of their products. The strategic location of the warehouse enabled the company to procure raw materials promptly and meet customer demands effectively.
In 2020, Roquette Frères S.A. launched a digital marketplace, revolutionizing the ordering process for its customers. This user-friendly platform offered convenience, innovation, and ease of use, allowing customers to effortlessly select and order the right products to suit their requirements.

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Key Segments

By Grade

Food Grade
Medical Grade

By Application

Bakery & Confectionery
Convenience Food
Dairy Foods
Beverages

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

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Customized Premix Market to Grow at 6.1% CAGR, Expected to Hit USD 17.65 Billion by 2034

The customized premix market is expected to be valued at US$ 9,742.6 million in 2024. The market is projected to rise at a CAGR of 6.1% through 2034. By 2034, the market value is forecasted to have hit US$ 17,654.7 million.

The working population is increasingly finding themselves with a lack of time available for full, nutritious meals. In such a case, convenient, healthy foods like customized premixes are being rescued. Dressed in attractive packaging, customized premixes come in the form of shakes, supplements, and snacks to make eating healthy food easier than ever.

Parental concern about children receiving enough nutrients is driving parents towards customized premixes. Another prominent source of consumers for the market is fitness and sports enthusiasts. Customized premixes are being used to augment daily fitness regimes and diets.

Manufacturers of customized premixes ensure consumer interest remains fresh by creating innovative products and trying out different flavors and colors. Thus, customized premixes are also earning points for their tastiness. Realizing the different needs of different people, producers also vary their product line by concentrating on one specific nutrient, such as vitamin or mineral premixes.

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Key Takeaways from the Customized Premix Market

The customized premix market is projected to be valued at US$ 9,742.6 million in 2024.
The most common type of customized premix products are vitamin premixes. For 2024, vitamin premixes are projected to account for 13.5% of the market share.
Food is the sector where customized premixes see the most sales. In 2024, the food sector is anticipated to account for 70.5% of the market share.
India is one of the most promising countries for the market. For the forecast period, the CAGR for India is estimated to be 9.9%.
Germany is another country with a bright future for the market. The CAGR for Germany is anticipated to be 8.6%.
The market is expected to register a CAGR of 7.5% in the United States over the forecast period.

“Rising vegan and vegetarian trends are seeing demand rise for customized premixes made with vegan ingredients. There is also a significant consumer base for products having low or no sugar, gluten, and calories. Thus, customized premixes that are even healthier than normal represent a wealth of opportunity in the market”, says an analyst at FMI.

Competition Analysis of the Customized Premix Market

Research is being prioritized to come up with innovative and more nutrient-rich products. The market is competitive, with big-name players and smaller enterprises having space to flourish. Some prominent companies in the market include Archer Daniel Midland Company, AQC Chem Lab (P) Ltd., Barentz International B.V., and BASF SE.

Recent Developments in the Customized Premix Market

In December 2023, ADM completed the acquisition of PT Trouw Nutrition Indonesia.
In November 2022, TWG Health & Nutrition (TWG) was unveiled by the Wright Group, with the division concentrating on producing customized premixes.

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Key Segments

By Ingredient Type:

Vitamin Premix
Mineral Premix
Nucleotides Premix
Amino Acids Premix
Enzymes
Coccidiostats
Probiotics
Prebiotics
Multigrain Premix
Omega 3 Fatty Acids
Excipients
Gums
Botanicals
Sweeteners
Flavors
Proteins
Color

By Form:

Powder
Liquid

By Function:

Bone Health
Immunity
Digestion
Energy
Heart Health
Weight Management
Vision Health
Brain Health & Memory
Resistance
Others

By Application:

Food Sector
Dietary Supplements
Pharma OTC Drugs
Pet Food

By Product Type:

Premix blends/ Direct-to-consumer Solutions
Drum-to-hopper Formulations

By Region:

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

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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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Deodorization Systems Market Set for Rapid Expansion, Aiming for USD 5.2 Billion by 2030

The global deodorization systems market size is expected to reach US$ 5.2 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 3.4% CAGR between 2020 and 2030. According to the report, the market is anticipated to grow in the forecast period owing to improvements in the quality of the deodorization systems coupled with the increasing demand for deodorizers from the oil industries.

Deodorization systems play a crucial role in various industries, particularly in waste management, food processing, and wastewater treatment. These innovative systems are designed to eliminate or reduce unpleasant odors and volatile organic compounds (VOCs) from the air, ensuring a healthier and more pleasant environment for both workers and nearby communities.

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One of the key components of deodorization systems is the use of advanced technologies like activated carbon filters, biofiltration, and chemical scrubbers. Activated carbon filters are highly effective in adsorbing and removing odorous compounds, while biofiltration employs microorganisms to biodegrade organic pollutants, transforming them into harmless byproducts.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Some of the players operating in the global deodorization systems market include Desmet Ballestra (Belgium), Gianazza International S.p.A. (Italy), Crown Iron Works (US), DVC Process Technologists Pvt. Ltd. (India), Alfa Laval AB (Sweden), Zhengzhou Sunshine Machinery Co. Inc. (China), and Gianazza International S.p.A. (Italy). The manufacturers are highly focused on taking development and marketing strategy to boost this market’s growth.

During the forecast period, the chemical refining segment is expected to hold the largest share in the deodorization systems market as it is a fairly efficient method of reducing the fatty acid content in crude oil with higher boiling point.

This process is used to treat high free fatty acid content in the oil. Chemical refining is performed to extract the fatty acids from the crude oil that are then neutralized using caustic soda. It results in batch settling or centrifugal separators separating the sodium soaps. Then, the neutral oils are bleached and deodorised.

It includes in-depth insights into the deodorization systems market. Some of these are:

The estimated value of the market was at US$ 3.7 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Asia Pacific accounts for the largest share in the global deodorization systems market due to the high industrial growth potential and industry favorable policies.
The growth in manufacturing sector and upcoming demand for hybridization of algal oils with regular oils is likely to showcase growth opportunities for the deodorization system market during the forecast period.
In the near future, the continuous segment will account for maximum share in the global demand for deodorization systems.
Rising equipment exports and increased demand for edible oil are some of the main factors that will increase the growth of this market in the near future.

Variation in Consumption Pattern Due to COVID-19 Outbreak Will Impact Growth

As the coronavirus outbreak continues to develop, now is the time for food and beverage companies to consider response actions to help mitigate their risk and prepare for how they will deal with the fallout from the coronavirus. An effective plan should include establishing an interdisciplinary crisis response team to identify, assess and manage the risk presented. The team should include personnel from purchasing, operations, quality, regulatory, finance and legal. Coronavirus outbreak had a considerable impact on consumption pattern of buyers. This will invariably impact growth forecasts for the market.

Who is Winning?

Some of the players functioning in the global deodorization systems market include Desmet Ballestra (Belgium), Gianazza International S.p.A. (Italy), Crown Iron Works (US), DVC Process Technologists Pvt. Ltd. (India), Alfa Laval AB (Sweden), Zhengzhou Sunshine Machinery Co. Inc. (China), and Gianazza International S.p.A. (Italy). The manufacturers are highly focused on implementing creation and marketing strategies to stimulate this market’s growth.

Besides that, mergers and acquisitions continue to be a common strategy among market players. With strategic partnerships, corporations plan to extend their regional footprint.

DEODORIZATION SYSTEMS MARKET TAXONOMY

The global Deodorization Systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Component

Pumps
Towers
Coolers
Oil & Management Systems
Tanks

Technology

Thin Film
Packed Column

Refining Method

Physical Refining
Chemical Refining

Edible Oil

Soybean Oil
Olive Oil
Peanut Oil
Canola Oil
Sunflower Oil
Palm Kernel Oil
Cottonseed Oil
Coconut Oil
Palm Oil

Operation

Batch Deodorization Systems
Semi- Continuous System
Continuous Deodorization Systems

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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KEY RESEARCH FINDINGS

Deodorization systems help in refining edible oils and fats. It’s a multi-step process that includes oil desecration, heating and cooling, deodorization-de acidification, and vapour scrubbing systems
Coconut oil, palm oil, olive oil, mustard seed oil, peanut oil, soybean oil, and sunflower are some of the oil which can be refined by the deodorization process
Key factors contributing to the growth of the global deodorization systems market are growing environmental issues, rising industrialization, increasing market awareness and the inclination of producers towards cost-effectiveness
The chemical processing industry is expected to account for the leading share in the global deodorisation systems market
Among edible oil types, palm oil accounted for higher share the global deodorization systems market.
The Asia Pacific market is expected to rise at the highest CAGR due to the remarkable expansion of the food and beverage and industry in countries such as India, China, Indonesia, Vietnam, South Korea, Thailand and Malaysia.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Powder Induction and Dispersion System Industry Set to Advance at an 11% CAGR as its Sales Surge among Food and Beverage Companies

The powder induction and dispersion system market value is expected to rise from USD 2,245 million in 2024 to USD 3,781 million by 2034. Global demand is forecasted to increase at a CAGR of 11% over the next decade.

The industry is projected to assume a substantial pace over the forecast period, driven by demand from multiple end users. Food and beverage players are the top users of powder induction and dispersion systems in their production processes.

PIDSs are used to process ingredients like sugar, modified food starch, vitamin dispersions, salt, spices, etc. Since these systems are effective in eliminating dust creation, their use is crucial for food preservation. Other factors that drive the demand for these systems include enhanced operator safety, consumption of less energy, and reduction in batch times.

The appeal of powder induction and dispersion systems is also increasing due to technological advancements. Automation and digital control software are projected to be used through the forecast period to bring process efficiencies.

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Key Takeaways from the Powder Induction and Dispersion System Market Report

The powder induction and dispersion system market is projected to advance at 11% CAGR through 2034.
The food and beverage segment is predicted to account for a market share of 34% in 2024.
Based on mixing type, the in-tank mixing is projected to hold a value share of 45% in 2024.
The United States is anticipated to expand at a 6.9% CAGR.
China is predicted to record a CAGR of 3.9% over the estimated period.

“Players are strategizing for expansion by partnering, collaborating, and releasing new products. They are also focusing on aftermarket services to increase repeat sales,” says a lead analyst of Future Market Insights (FMI).

Who is Winning?

Leading players like ADMIX INC., Axiflow Technologies, Inc. and IDEX Corporation are increasing their share by adopting strategies like acquisitions, mergers, and new product releases. Participants are also planning to foray into emerging economies with significant growth potential.

Another effective strategic move could be collaborating with peers to develop more efficient and comprehensive solutions for customers. Players are also focusing on aftermarket solutions by providing spare parts and repair services to fulfill customer needs. This strategy also ensures business longevity and customers repeat these services and further recommend the good services. Apart from this, players are expected to provide customization options and retrofit solutions.

Latest Development in the Powder Induction and Dispersion System Market

Admix released an automated dispersion system and powder induction called FastFeed PLC in April 2023. The recent release features automated controls and touchscreen operation to accelerate efficiency and productivity. The product also offers many mechanical benefits.

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Future Market Insights (FMI), in its new offering, provides a thorough, detailed and unbiased analysis of the global dispersion system and powder induction 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 application (food and beverages, pharmaceuticals, cosmetic and personal care, and chemicals), and mixing type (in-tank and inline mixing), and process (continuous and batch), across several regions.

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Key Segments of Market Report

By Application:

Based on application, the sector is categorized into food and beverages, pharmaceuticals, cosmetic and personal care, and chemicals.

By Type of Mixing:

The powder induction and dispersion system market segmentation based on mixing type includes in-tank mixing and inline mixing.

By Process:

The industry segments, based on process, include continuous and batch.

By Region:

Analysis has been carried out in key nations of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

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Organic Salad Dressing Market Forecast: Anticipated 10.7% CAGR Growth by 2034 Due to Rising Demand for Organic Goods

The organic salad dressing market is estimated to be worth USD 1,678 million in 2024. The global organic salad dressing demand is set to surge at a CAGR of 10.7% during the forecast period. By 2034, the global market value is anticipated to total USD 2,789 million.

As consumers buy more into the organic and natural trend, organic salad dressing is also becoming popular. Salads by themselves are getting more popular as healthy food becomes the norm for a significant number of consumers.

The healthiness of salads is also increasing due to salad dressings that act as superfoods or functional foods. Thus, producers in the organic salad dressing market are concentrated on adding to the functionality of the dressing.

The demand for organic salad dressing is advancing through gluten-free and allergen-free options. Gluten-free options are especially being preferred due to the high number of gluten-intolerant consumers as well as those who have adopted gluten-free regimens. People’s tendency to get checked for allergies on a regular basis is also seeing the allergen-free nature of the salad dressings become more prominent.

Producers in the market are also clearly advertising the non-GMO nature of the salad dressings. As clean label foodstuff rises in demand, the non-GMO nature of the product is set to attract more consumers to the market.

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Growing Demand of Organic Salad Dressing in the Food Industry

Rapid onset of dining out culture has led to growth in the number of cafes and restaurants across developed and developing economies of the globe, which is contributing to the growth of the global organic salad dressing market. The increasing efforts of food product manufacturers to develop all-natural and organic salad dressing for health-conscious consumers is driving the demand.

Furthermore, the rising inclination for continental cuisines, where organic salad dressing is used exhaustively, is projected to fuel demand for organic salad dressing during the forecast years.

Key Takeaways from the Organic Salad Dressing Market

The organic salad dressing market is anticipated to total USD 1,678 million in 2024.
Vinaigrettes segment is set to account for a value share of 34% in 2024.
Supermarkets & hypermarkets category is likely to hold a market share of 31% in 2024.
Germany is forecast to advance at a CAGR of 11.5% through 2034.
China and India are poised to register CAGRs of 5.9% and 9.8%, respectively.
Demand in the United Kingdom is slated to increase at a CAGR of 10.4%.

“One of the significant factors for the bolstering of the salad dressing sector is the number of eateries climbing. As salads become more of a common item on menus, there is more scope for the industry to expand. This popularity of salads in eateries is signifying positivity for the organic salad dressing market,” – Says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.)

Who is Winning?

Manufacturers in the market are constantly on the lookout for new ingredients to bolster their product line. Eye-catching packaging is another strategy used by market players. Some of the prominent companies in the market include Kraft Heinz, McCormick, Unilever, and American Garden.

Recent Developments in the Organic Salad Dressing Market

In May 2024, Earthbound Farm launched organic salad kits. These kits included dressings made from organic avocado oil.
In January 2024, the organic salad dressings enterprise Tessemae’s LLC was acquired by PANOS Brands, LLC.

Leading Organic Salad Dressing Brands

Kraft Heinz
McCormick
Unilever
American Garden
Annie’s Homegrown
Cibona
Duke’s
Hidden Valley
Ken’s Foods
Kenko Mayonnaise.

North America is projected to Account for Largest Share in the Market

North America accounted for the largest share in the organic salad dressing market due to the increasing demand for nutritious foods. In Europe, the market is expected to gain from the rising focus on healthy lifestyle among consumers.

In addition to this, the demand for convenient packaging and new flavours is on the rise in Europe, which will enable growth in the organic salad dressings market. The expansion of tourism industry will further give impetus to the market.

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

The study incorporates compelling insights based on product type (ranch dressing, vinaigrettes, caesar dressing, blue cheese dressing, thousand island dressing, and other creamy dressings), base (cream-based, oil-based, and reduced-fat), application (household, industrial, and other), and distribution channel (hypermarkets & supermarkets, convenience stores, specialty retailers, and others).

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Key Segments of Market Report

By Product Type:

Based on the product type, the sector is divided into ranch dressing, vinaigrettes, caesar dressing, blue cheese dressing, thousand island dressing, and other creamy dressings.

By Base:

Based on the base, the organic salad dressing market is divided into cream-based, oil-based, and reduced-fat.

By Application:

Based on the application, the industry is divided into household, industrial, and other.

By Distribution Channel:

Based on the distribution channel, the organic salad dressing market is divided into hypermarkets & supermarkets, convenience stores, specialty retailers, and others.

By Region:

Industry analysis has been carried out in key nations of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

About the Food & Beverage Division at Future Market Insights (FMI)

FMI’s Food & Beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

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
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Global Oilfield Chemicals Market to Reach USD 44.58 Billion by 2033, Growing at a CAGR of 4.5%

The global oilfield chemicals market is predicted to grow at a compound annual growth rate (CAGR) of 4.5% throughout the forecast period, from its estimated valuation of USD 28534.31 million in 2023 to USD 44580 million by 2033.

The global market is anticipated to be driven by increasing demand for oilfield chemicals in various petroleum operations, including drilling, well stimulation, production, cementing, enhanced oil recovery, and hydraulic fracturing. Additionally, factors such as rising crude oil production, a shift toward unconventional drilling operations, and the growing complexity in operations are expected to fuel the demand for oilfield chemicals throughout the forecast period.

Deepwater and offshore exploration and production activities pose distinctive challenges. Specialized oilfield chemicals are essential in tackling challenges like wellbore stability, hydrate formation, corrosion, and flow assurance in demanding offshore environments. Also, the increasing production of oil and gas from new offshore projects globally is expected to drive the demand for oilfield chemicals, leading to market expansion.

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Advances in oilfield technologies, such as horizontal drilling, hydraulic fracturing, and enhanced oil recovery, have enhanced operational efficiency and complexity. These techniques require specific chemical formulations and additives, driving the demand for oilfield chemicals.

The companies seek to maximize production rates and recovery factors, leading to increased demand for production chemicals that address various challenges. In addition, the combination of technological advancements and production optimization presents a potential opportunity for revenue growth in the oilfield chemicals industry.

According to Westwood Global Energy Group, twenty-one offshore oil and gas projects received final investment decisions in 2021. Projects like Sangomar in Senegal and the Cyprus-Greece Gas Pipeline are set to begin production in 2023 and 2025, respectively. These new offshore projects worldwide might increase oil and gas production, driving the demand for oilfield chemicals and fostering market growth.

Key Takeaways

The demand for oilfield chemicals in India is projected to expand with a promising CAGR of 4.6% during the forecast period.
The market in GCC countries is expected to attain an overall CAGR of 5% during the forecast period.
The sales of oilfield chemicals in North America are expected to rise with a CAGR of 4.8% during the forecast period.
By product type, Inhibitors are expected to generate significant demand with a CAGR of 5.5% during the forecast period.

“Rising production of oil & gas from new offshore projects across the globe is expected to bode well for market growth,” comments an FMI Analyst

Competitive Scenario:

The market for oilfield chemicals is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.

Innovations in the Oilfield Chemicals Market

In May 2021, Schlumberger and NOV joined forces to enhance the adoption of automated drilling solutions for drilling contractors and oil & gas operators.
In December 2022, Champion X unveiled a new oilfield services chemicals lab and distribution facility in Chaguaramas, Trinidad.
In March 2022, Halliburton inaugurated the Halliburton Chemical Reaction Plant in Saudi Arabia.
In October 2022, Solvay Sodi declared plans for an alternative fuel thermal processing plant. The company, through its subsidiary “Devnya Energy,” submitted an investment intention letter to the Regional Inspectorate of Environment and Water in Varna.

Key Companies Profiled

Albemarle Corporation
Akzo Nobel N.V.
DowDuPont Inc.
Baker Hughes, a GE Company LLC
Halliburton Co.
BASF SE
Flotek Industries, Inc.
Ashland Inc.
Schlumberger Limited
Solvay SA
Clariant AG
GEO Drilling Fluids, Inc.

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Key Segments Profiled in the Oilfield Chemicals Industry Survey

By Product Type:

Inhibitors
- Scale Inhibitors
- Corrosion Inhibitors
- Paraffin Inhibitors
Lubricants
De-Emulsifiers
Viscosfiers
Gas Well Foamers
Biocides
H2S Scavengers
Others

By Application:

Drilling & Completion
Cementing Chemicals
Stimulation Chemicals
Oil Production Chemicals
Enhanced Oil recovery Chemicals

By Terrain Type:

Onshore
Offshore

By Region:

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

About Future Market Insights (FMI)

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

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Global Ethylene Dichloride Market to Reach Impressive Valuation of USD 28,785.48 Million by 2033

The global ethylene dichloride market is on the brink of a substantial valuation, projected to reach USD 20,016.4 million by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the ethylene dichloride market. The trend is expected to open doors to new opportunities within the market, with a projected CAGR of 3.7% from 2023 to 2033. By 2033, the market is poised to soar to an estimated total valuation of around USD 28,785.48 million.

Driving Forces Behind the Ethylene Dichloride Market Transformation

The ethylene market is undergoing significant transformations influenced by a rapid shift towards bio-based ethylene. The evolution responds to the global inclination towards sustainable and environmentally friendly practices. The investment surge in construction and infrastructural development and the growing global working population foster a heightened demand for packaged food and beverages.

The construction industry’s demand for polyethylene, driven by rapid urbanization, propels the ethylene market forward. As urban areas expand, the need for construction materials, including polyethylene, intensifies, contributing significantly to the market’s positive trajectory. Furthermore, the high demand for ethylene oxide for plastics manufacturing emerges as a significant growth catalyst, especially considering its pivotal role in producing various plastic products.

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Challenges Facing the Ethylene Dichloride Market

Challenges persist in fluctuating raw material prices and stringent government regulations related to ethylene use. The volatility in raw material costs can impact the overall production costs, posing challenges for market players. Stringent regulations may necessitate adjustments in production processes to comply with environmental and safety standards, potentially affecting the growth rate of the ethylene market.

Opportunities for Growth and Expansion

The presence of substitutes in the market further adds complexity to the industry landscape. As alternative materials emerge, the ethylene market faces competition, prompting industry players to innovate and enhance the efficiency and sustainability of ethylene production processes.

On the brighter side, the ethylene market is poised to capitalize on various growth opportunities. Rapid technological innovations are reshaping the industry, providing novel ways to produce and utilize ethylene. The increasing demand for ethylene across diverse end-user industries and the proliferation of polyethylene-based products present promising avenues for market expansion.

Key Takeaways from the Market Study

The market valuation in 2022 was US$ 19,288.9 million.
The market valuation in 2018 was US$ 16,763.6 million.
Based on process type, direct chlorination is expected to dominate at a market share of 61.2% in 2023.
The ethylene dichloride market size expanded at 2.8% CAGR between 2018 and 2022.
Japan is estimated to expand at a CAGR of 3.5% by 2033.

“Increasing usage of polyethylene dichloride as a chemical intermediate in the production of vinyl chloride monomer is expected to drive sales in the market and is considered one of the major drivers of the ethylene dichloride market,” says an Analyst at Future Market Insights, Inc.

Competitive Landscape

The ethylene dichloride industry boasts a substantial array of market participants. Research and development play a pivotal role among these players, primarily focusing on introducing eco-friendly product lines as a core aspect of their manufacturing endeavors. Furthermore, they employ various expansion strategies, including collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence.

Some of the key developments are-

Chemetry, a pioneering clean technology start-up based in the United States, announced the construction of a semi-commercial scale plant with a capacity of 1000 tons per year. The facility is set to introduce the first product from its innovative eShuttle technology, marking a significant leap in environmentally conscious chemical production.
The partnership between Braskem and Chemetry signified a strategic alliance dedicated to pushing the boundaries of sustainable chemical production. The collaborative endeavor reflects the industry recognition of the urgent need for cleaner and more sustainable technologies, setting a precedent for future initiatives to reshape the landscape of chemical manufacturing.

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Top Key Players

Olin Corporation
Occidental Chemical Corporation
Formosa Plastics Corporation
Tosoh Corporation
Vynova Group
SABIC
Westlake Chemical Corporation
ThyssenKrupp AG
PT Asahimas Chemical
Prochem, Inc.
VESTOLIT GmbH
Tokyo Chemical Industry Co., Ltd.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global ethylene dichloride market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the ethylene dichloride market is segmented based on major By Application- (Vinyl Chloride Monomer (VCM), Ethylene Amines, Other Solvents), Production Process (Direct Chlorination, Oxy Chlorination) and by region (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, 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 ~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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Global Calcite Market to Reach USD 20.22 Billion by 2033, Growing at a CAGR of 5.9%

As per Future Market Insights, the value of the global calcite market in 2022 was USD 10.76 billion. The increasing demand for plastic and paper packaging is anticipated to be the main factor driving the growth of the calcite industry. This has produced an anticipated amount of USD 20.22 billion by 2033, with a CAGR of 5.9% from 2023 to 2033.

The paper sector has seen a huge increase in demand for calcite. Both precipitated calcium carbonate (PCC) as well as ground calcium carbonate (GCC) are gaining popularity for the manufacture of paper. PCC is still the preferred material for making paper due to the operational flexibility it provides. The paper industry has improved printing surface and brighter sheets as a result of the introduction of PCC. The calcite market is anticipated to increase at a faster rate because of the increasing demand for PCC and GCC in the paper sector.

During the projection period of 2023 to 2033, demand for calcite is anticipated to rise due to calcite’s advantageous chemical characteristics, cost-effectiveness, and advancements in the manufacture of polymers and plastics. In more contemporary building, calcite is utilized to create cement and concrete in the forms of marbles as well as limestone.

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Marbles are used to display beauty in a variety of patterns and hues. In the future years, the rising demand for marble flooring, bathroom countertops, and kitchen tabletops will generate favorable growth prospects for the calcite industry. Venture finance and private equity firms have made significant investments in India’s building sector. It is projected that throughout the projection time, CAGR would significantly increase.

Key Takeaways from the Market Study

Sales of calcite increased at a CAGR of 4.8% between 2018 and 2022.
The market is likely to be dominated by the ground calcium carbonate (GCC) segment, which is projected to have a 65% market share in 2022.
With a CAGR of 5.5% from 2023 to 2033, the fine size category dominates its market share in the end-use applications.
North America continued to be one of the most lucrative and lucrative markets throughout the duration of the projection period, holding a dominant share of 67% in the worldwide market for calcite in 2022.

“It is anticipated that the demand for calcite will fuel rising consumer demand for high-end, technologically sophisticated goods. Calcite’s excellent hardness and strength have led to a surge in its use in building and renovation projects, which has helped the calcite market expand,” remarks an FMI analyst.

Competitive Landscape

The calcite market has a fair amount of rivalry. Strong research and development efforts are given a lot of attention. In order to meet the needs of a growing client base, businesses in the calcite market seek to strategically collaborate with end users and local distributors.

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

In September 2022, Omya and IFG established a strategic R&D partnership to research calcium carbonate incorporation into fibers. At IFG’s Fibers Research Center in Linz, Austria, the two businesses will work together to research innovative fiber products, their performance, characteristics, and applications.
Minerals Technologies Inc. stated in May 2020 that it has reached an agreement with Satia Industries Limited in Punjab District, India, to establish a 42,000 metric tonne precipitated calcium carbonate (PCC) facility at their paper mill.

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Prominent players in the calcite market are:

Imerys S. A.
Omya AG
M. Huber Corporation
Minerals Technologies Inc.
Gulshan Polyol Ltd.
ASEC Company for Mining
Esen Mikronize A.S
Wolkem India Ltd.
Shandong CITIC Calcium Industry Co.,Ltd.
Columbia River Carbonates
Jay Minerals
Golden Lime Public Co.
, Longcliffe Quarries Ltd.
Vietnam CMT Joint Stock Company
Mississippi Lime Company

More Valuable Insights Available

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

To understand opportunities in the calcite market , the market is segmented on the basis of calcite type (ground calcium carbonate (gcc), precipitated calcium carbonate (PCC)), size (fine, coarse), application (paper & pulp, polymer & plastic, paints & coatings, other) and across five major regions (North America, Latin America, Europe, Asia Pacific and 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 ~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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Metalworking Fluids Market to Surpass USD 15 Billion by 2033, Projected to Grow at a CAGR of 4.1%

The metalworking fluids market is predicted to be valued at USD 10 billion in 2023 and USD 15 billion by 2033. Over the projection period, sales in the metalworking fluids market are expected to increase at a CAGR of 4.1%. A significant opportunity lies in the development of bio-based metalworking fluids. With the increasing emphasis on sustainability and environmental regulations, there is a growing demand for eco-friendly alternatives. Bio-based fluids, derived from renewable sources, offer the potential to reduce environmental impact while maintaining high performance.

In the coming years, the demand for metalworking fluids is set to soar as a result of the growing adoption of lightweight materials in high-performance applications, particularly within the automotive industry. The manufacturing of intricate geometrics using lightweight metals necessitates proper lubrication, leading to an upsurge in the need for high-quality metalworking fluids. As this trend continues to gain momentum, the demand for metalworking fluids is projected to experience significant growth, catering to the lubrication requirements of advanced manufacturing processes involving lightweight materials.

An intriguing opportunity arises from the adoption of advanced technologies such as nanofluids in metalworking processes. Nanofluids, which consist of nanoparticles suspended in a base fluid, exhibit improved heat transfer and lubrication properties. Their use in metalworking can lead to enhanced productivity, reduced wear and tear, and improved surface finishes.

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The trend of additive manufacturing, commonly known as 3D printing, presents a unique opportunity for the metalworking fluids market. Additive manufacturing techniques require specialized fluids that provide cooling, lubrication, and material removal during the printing process. Developing metalworking fluids tailored for additive manufacturing applications can unlock new avenues for growth.

The increasing focus on process optimization and cost reduction has led to the adoption of minimum quantity lubrication (MQL) techniques. MQL involves using a small amount of lubricant and air or coolant mist to minimize waste and improve efficiency. This trend opens opportunities for the development of high-performance metalworking fluids specifically designed for MQL applications.

Unleashing the Surge in Demand: Exploring the Thriving Metalworking Fluids Market in the United States

Amidst initial scepticism surrounding the market’s performance during the global pandemic, the metalworking fluids market in the United States is defying expectations and projected to grow by 3.0% year on year in 2023. This growth is accompanied by an anticipated demand of 689,102 tons across North America.

As one of the most alluring markets in the region, the United States is poised to maintain its dominance throughout the forecast period, according to insights from FMI. The presence of key market players and the strong demand from end-use industries such as metal fabrication, transportation equipment, and others contribute to this growth trajectory. Witness the fueling precision and performance of the metalworking fluids market as it continues to flourish in the United States.

Key Takeaways from the Metalworking Fluids Market

FMI reports that the United States is at the forefront of growth in North America, maintaining the highest market share in 2022.
The demand for metalworking fluids in Germany is predicted to increase at a CAGR of 3.5% during the forecast period.
The sales of metalworking fluids in China are expected to grow at a CAGR of 5.1% over the forecast period, making it an attractive market in East Asia.
FMI states that metal removal fluids are projected to account for approximately 50% of total metalworking fluids sales during the forecast period.
FMI indicates that the transportation equipment segment is expected to be the largest consumer, consuming over 50% of the globally produced metalworking fluids.

“The metalworking fluids market is observing a significant transformation, where innovative formulations and sustainable practices are revolutionizing the industry. These advancements offer manufacturers improved performance capabilities and environmental advantages, leading to a positive shift in the market landscape”, remarks an analyst at FMI.

How Key Players are revolutionizing the Manufacturing of Metalworking Fluids market?

Key players in the metalworking fluids market are revolutionizing manufacturing processes through innovative approaches. They are investing in research and development to develop advanced formulations with enhanced performance characteristics, such as improved lubrication, cooling, and rust protection. These formulations are tailored to meet the specific requirements of different metalworking operations, including machining, grinding, and cutting.

Key players are focusing on sustainable manufacturing practices by developing eco-friendly and bio-based metalworking fluids that minimize environmental impact. They are also leveraging digital technologies and automation to optimize production efficiency and ensure consistent product quality. Collaboration with end-users and industry experts helps key players understand evolving market demands and develop tailored solutions. These efforts collectively drive the revolutionization of the metalworking fluids market, providing manufacturers with more efficient, sustainable, and high-performance products to meet the evolving needs of the industry.

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Top Players in the Metalworking Fluids Industry:

ExxonMobil Corporation
Idemitsu Kosan, Co., Ltd
Quaker Chemical Corporation
Fuchs Petrolub SE
BP plc.
Apar Industries Ltd.
TotalEnergies SE
Yushiro Chemical Industry Co. Ltd.
Cimcool Industrial Products LLC
Metalworking Lubricants Company

Product Portfolio:

ExxonMobil Corporation’s product portfolio includes a wide range of petroleum and petrochemical products, such as gasoline, diesel, lubricants, chemicals, and plastics. They provide solutions for various industries, including automotive, aerospace, construction, and consumer products.
Idemitsu Kosan, Co., Ltd offers an extensive product portfolio that encompasses petroleum refining, production, and distribution. Their offerings include gasoline, diesel, lubricants, industrial chemicals, and specialty products. They cater to diverse sectors, including automotive, energy, petrochemicals, and infrastructure, meeting the evolving needs of their customers.

About Future Market Insights (FMI)

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

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