Market Research Blog – Page 1707 – New Product Development

United States Dog Treats, Chews, & Toppers Market is Expected to Elevate at a CAGR of 4.9% During Forecast Period by 2033

The United States dog treats, chews, & toppers market is expected to elevate at a CAGR of 4.9% from 2023 to 2033, with the market value projected to increase from USD 2,973.3 million in 2023 to USD 4,813.6 million by 2033. It stood at USD 2,848.3 million at the end of 2022 and is anticipated to exhibit year-on-year growth of 4.2% in 2023.

The emergence of unique products tailored for dogs with food sensitivities is expected to address dietary restrictions, thereby boosting demand for alternative options. This heightened awareness ensures that dogs with specific dietary needs can still indulge in delicious and safe treats.

Moreover, the rise of social media platforms and influencer culture has significantly influenced consumer behavior, particularly among pet owners. Pet influencers and dedicated online communities centered around pets have garnered widespread popularity throughout the United States.

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Dog treats, chews, and toppers offer pet owners an opportunity to enhance their pets’ regular meals with additional nutrients and flavors.
These products often feature premium ingredients, natural flavors, and other beneficial components.
The primary benefits of these products include joint care and support for dental health, which has driven demand as pet owners become more informed about pet nutrition.
With pets increasingly being treated as family members, there has been a surge in demand for high-end pet items like treats, chews, and toppers.
Pet owners are willing to invest extra money in their pets’ care and experiences, viewing these products as a way to improve their pets’ lives and strengthen the bond between animals and humans.
Dog treats, chews, and toppers are practical and versatile, serving as effective tools during training sessions or as rewards for positive behaviors.
Chews provide mental stimulation and help satisfy dogs’ natural urge to chew, with options available in various shapes and textures.
These products accommodate different tastes and training needs, making them popular choices among pet owners for their ease of use and effectiveness.
Many dogs have food allergies or restrictions, prompting pet owners to seek out specific treats, chews, and toppings tailored to their pets’ unique needs.
In response, manufacturers have introduced products that are gluten-free, grain-free, or made from uncommon protein sources to cater to these dietary requirements.

Key Takeaways from this Market Study:

In the historical period from 2018 to 2022, the United States dog treats, chews, & toppers market exhibited a CAGR of 3.7%.
The biscuits and cookies segment is projected to expand at a robust CAGR of 7.3% during the assessment period by product type.
Based on sales channels, the online retailer’s segment is expected to elevate rapidly at a CAGR of 6.2% during the evaluation period.
In 2022, the United States dog treats, chews, & toppers industry reached a valuation of US$ 2,848.3 million.
The United States dog treats, chews, & toppers industry is expected to reach a valuation of US$ 2,973.3 million in 2023.

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Who is winning?

The dog treats, chews, and toppings market in the United States has a dispersed competitive environment. Companies are spending money on research & development in order to develop new products and widen their distribution networks.

The dog treats, chews, and toppings market in the United States is also served by small businesses. They intend to offer their items at lower prices.

General Mills Inc.
Merrick Pet Care Inc.
Zuke’s LLC, Wellness Pet Company
Mars Inc.
Plato Pet Treats
The Honest Kitchen
Canidae Pet Food
Primal Pet Group
Redbarn Pet Products LLC
Natural Balance Pet Foods
Others (as requested)

For instance,

Canidae Pet Food, a manufacturer of sustainable pet food, declared in 2023 that it has signed a binding merger agreement. To the advantage of dog owners, this would assist the business in differentiating its offerings and fostering innovation and growth.

Get More Valuable Insights into the United States Dog Treats, Chews, & Toppers Market:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the United States dog treats, chews, & toppers market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the market by product type (freeze-dried treats, training treats, dental chews, jerky treats, biscuits & cookies, others), ingredient type (plant-based, animal-based), packaging type (pouches, bags, cans, bottles & jars), packaging size (0 to 10, 10 to 20, above 20), life stage (puppy, adult), sales channel (pet specialty stores, drug stores, modern trade, online retailers, convenience stores, other sales channel), and country.

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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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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According to FMI Video Streaming Market Size, Forecast, Analysis and Share Surpass USD 1,277.4 Million | 2034, At 16.4% CAGR

The global video streaming market size is projected to reach USD 279.5 million in 2024. The demand for video streaming is expected to witness a strong CAGR of 16.4% from 2024 to 2034. By 2034, the sales of video streaming are anticipated to achieve a valuation of USD 1,277.4 million.

Numerous factors are responsible for the market expansion of video streaming; mobile phone usage is one of these, as is the increased use of OTT platforms and social media, as well as the growing preference for online video games.

Supporting factors for predicted video streaming market expansion include the spread of over-the-top (OTT) platforms, increased emphasis on transcoding to reach a wider audience, continued economic digitization, and the growing adoption of video streaming in education.

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When customers discontinue their memberships after binge-watching a particular piece of content or go to a new provider with a more alluring offer, high subscriber churn rates can cause concern. Assisting users in finding pertinent content in large content libraries continues to be a key obstacle to video streaming market growth. It might take time and effort to ensure that consumers find information relevant to their interests, limiting demand for video streaming.

The demand for video streaming has increased with the need for higher bandwidth internet connections. The training industry has seen rapid changes, as evidenced by Microsoft’s 2020 acquisition of Affirmed Networks. With its headquarters in the United States, Affirmed Networks offers cloud-native networking solutions to telecom providers.

Microsoft anticipates that this partnership aids in developing edge computing and 5G technologies. Novel partnerships and technological developments are expected to propel the video streaming services market upward over the forecast period.

Regional Outlook

Widespread acceptance has resulted from consumers’ growing desire for video streaming alternatives, such as OTT platforms and video-on-demand. In Asia Pacific, the India market expanded at a rapid rate, while China held a significant share of video streaming services. Due to a rise in consumer acceptance of on-demand videos and a growing demand for online live streaming of videos, Europe retains a prominent market share.

The rapid pace of development is anticipated in North America. This is due to significant companies like Microsoft Corporation, Amazon.com, and Netflix, Inc. The rise assists the market expansion of video streaming in users of video-on-demand and video gaming platforms in the United States and Canada.

Key Takeaways

The video-on-demand segment in the type category to grab a share of 7.1% from 2024 to 2034.
In the content delivery channel category, the OTT segment is to acquire a market share of 46.5% between 2024 and 2034.
The United States video streaming sales are anticipated to surge at a CAGR of 13.3% by 2024.
Germany video streaming market to develop at a CAGR of 15.9% through 2024.
China sales of video streaming are expected to surge at a CAGR of 16.9% until 2034.
Japan video streaming industry is anticipated to boost at a CAGR of 17.6% by 2024.
Australia video streaming market is likely to exhibit a CAGR of 19.9%% by 2024.

Competitive Landscape

Leading video streaming vendors invest heavily in research and development to expand their product lines and accelerate market expansion. To enhance their presence, video streaming suppliers participate in strategic activities such as collaborations, product launches, mergers and acquisitions, and higher investments. The video streaming industry needs to offer affordable solutions if it wants to survive in a fierce and shifting market.

Vital Video Streaming Manufacturers

Akamai Technologies
Apple Inc.
AT&T Inc.
Kaltura Inc.
Walt Disney Company
Brightcove Inc.
Tencent
iQIYI
Google LLC

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Recent Advancements

To enhance internal collaboration within HR and with other communication specialists, Brightcove released Communications Studio in February 2023.
To comply with federal information assurance standards, Haivision introduced Haivision Hub in April 2023. Haivision Hub is a FedRAMP video network solution for the government that enables various government agencies to work together on live stream video among other government teams.
Y2k Solutions Inc. introduced an advanced Beta 1.0 video streaming platform for educational video courses in March 2022. The website offers streaming services and solutions, cloud hosting, video hosting, and free web hosting.
Ramp Holdings, Inc., a significant enterprise CDN provider, was bought by Vbrick in December 2022. By the acquisition, the skills of the two businesses are combined, creating a potent solution for delivering flawless live and on-demand video experiences.

Key Segments

By Type:

Video On-Demand
Live Video Streaming

By Content Delivery Channel:

OTT
Pay TV
IPTV
Others

By Revenue Model:

Subscription
Pay Per View
Premium Purchases
Advertisement-Based Revenue Model
Other

By End User:

Residential
Commercial
- Media and Entertainment
- Education
- Others

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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United States Dog Toys Market: Projected to Reach USD 4,359.2 Million by 2033

The projected growth of the United States dog toys market indicates an increase from USD 3,083.2 million in 2023 to USD 4,359.2 million by 2033. Over the next decade, from 2023 to 2033, sales of dog toys in the US market are forecasted to rise steadily at a compound annual growth rate (CAGR) of 3.5%.

Factors Shaping the Market Dynamics:

The increasing pet population throughout the United States is expected to be a significant driver of growth for the dog toys industry over the next decade.
High expenditure on pets and pet care products is anticipated to create promising growth opportunities for the target market.
Increasing spending on training and behavioral products is poised to fuel sales in the United States market, reflecting a growing emphasis on pet training and well-being.
The rising trend of humanization of pets is expected to have a positive impact on dog toy sales in the United States, as pet owners seek to provide their furry companions with products that enhance their quality of life.

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Dog toys can help owners train pets and provide channels for their natural instincts as well as encourage positive behaviour with health benefits for their dogs.

The market is highly competitive, with a large number of brands and manufacturers offering a wide range of products. A few of the leading dog toy manufacturers across the United States include COLLAR LLC, Ethical Products Inc., West Paw Inc., and others.

Key Takeaways from this Market:

The United States dog toys industry is estimated to reach US$ 3,083.2 million in 2023.
From 2023 to 2033, dog toy sales in the United States market are set to thrive at around 3.5% CAGR.
By 2033, the United States market size is expected to reach US$ 4,359.2 million by 2033.
By product type, floating toys segment is expected to rise at 5.6% CAGR during the projection period.
By sales channel, the modern trade segment holds a share of 26.9% in the market while the online retailers segment is expected to thrive at a higher CAGR of 7.3% through 2033.
The West region dog toys market is likely to expand at a CAGR of ~4.4% during the assessment period.

Who is Winning?

A few of the leading dog toy manufacturers listed in the report include

American Dog
COLLAR LLC
Doskocil Manufacturing Company Inc.
Ethical Products Inc.
Goughnuts Inc.
Hagen Inc.
Penn-Plax Inc.
Radio Systems Corporation
Unicharm Corporation
West Paw Inc.
Others (as requested)

These key companies are continuously innovating for developing novel pet toys. They are also focusing on reducing product prices and strengthening their distribution networks. Further, various players are implementing strategies such as mergers, agreements, partnerships, collaborations, etc. to gain a competitive edge in the market.

Recent developments:

In 2022, new dog toys were launched by Huxley & Kent, a prominent leader in pet toys and accessories.

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Get More Valuable Insights:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the United States dog toys market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study divulges compelling insights on the United States dog toys industry based on product category (training toys, health toys, grooming toys, and others), product type (chew toys, rope toys, squeak toys, interactive toys, ball toys, plush toys, squeaky toys, tug toys, floating toys, and others), material (fabric, plastic, rubber, wood, and others), age group (puppies, adult dogs, and senior dogs), and sales channel (modern trade, convenience stores, pet specialty stores, multi-brand stores, online retailers, and other sales channel).

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:

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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Audio Communication Monitoring Market is Growing at a Strong CAGR of 16.6% by 2033 | Future Market Insights, Inc.

The global audio communication monitoring market is predicted to be valued at USD 2,070.2 million in 2023 and to grow at a CAGR of 16.6% to USD 9,643.7 million by 2033. Businesses are gradually realizing the need of being capable of centrally tracking and upkeep audio monitoring capability as audio communication technology becomes increasingly integrated with network administration and IT infrastructure.

Audio communication monitoring systems analyze conversations, detect patterns in connections, and offer clients insights. Audio communication technology is used to extract critical business intelligence data and connect it to the company’s strategy in order to make tactical choices.

The call recording capability is key to most audio communication monitoring solutions. The audio communication monitoring system market includes recording, processing, and evaluation. Companies are also requiring audio communication monitoring in response to the implementation of stronger governance, risk, and compliance structures that they must follow.

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The growing demand for real-time analytics from call logs and communication data, as well as the conversion of such data into appropriate forms across the business, is propelling the audio communication monitoring system market forward. Furthermore, these solutions reduce the costs of initial acquisition and maintenance, leading to higher demand from SMBs, which is supporting the global market’s growth.

Responding to live calls takes time and requires additional time for surveillance and administration; thus, the growing usage of communications monitors in network management programs is another important factor impacting the market’s development.

Key Takeaways

The market grew at a 14.5% CAGR during the last five years.
In 2022, North America held a 28.1% market share.
In 2022, the United States held an 18.2% market share.
The Chinese market is expected to develop at a CAGR of 18.8%.
In 2022, the Media and Entertainment segment held 18.2% of the market.

Competitive Landscape

OWS2 was launched by Oladance in 2023. Their wearable stereos produce synthetic sounds by merging many audio source locations, constant surveillance, and calculation. The meticulous design of OWS ensures that there is no harm to hearing or ear health while providing a superb musical journey with amazing ease and flare.
Honeywell revealed in June 2023 that it has partnered with a group of significant industry stakeholders to provide first responders with more detailed contextual data about commercial fire events. This team will provide emergency workers with the capacity to acquire critical event locations and contact information by transferring information obtained from the construction’s fire communicator radio or a surveillance station.

Key Players

AudioCodes Ltd.
Behavox Ltd.
Avaya Inc.
Cisco Systems, Inc.
Enghouse Interactive Inc.
NICE Systems Ltd.
Nuance Communication, Inc.
Tata Communications Ltd.
Intelligent Voice
Nectar Services Corporation

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global audio communication monitoring market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by component (solutions and services), industry (banking, financial services, and insurance, government, telecommunication & it, media & entertainment, healthcare, and others), enterprise type (small & medium enterprises, large enterprises), and application (law enforcement agencies, enterprise employee monitoring, broadcast monitoring, sales and internal communication monitoring and others) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Key Segments of Audio Communication Monitoring Industry Survey

Component:

Solutions
- Quality Analysis
- Audio Loudness
- Metering & Monitoring
- Call Recording
- Others
Services
- Maintenance and Support Services
- Professional Services

Industry:

Banking, Financial Services, and Insurance
Government
Telecommunication & IT
Media & Entertainment
Healthcare
Others

Enterprise Type:

Small & Medium Enterprises
Large Enterprises

Application:

Law Enforcement Agencies
Enterprise Employee Monitoring
Broadcast Monitoring
Sales and Internal Communication Monitoring
Others

Region:

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

About Future Market Insights (FMI)

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

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Catering Services Market to Reach USD 951.5 Million by 2033, Growing at 4.4% CAGR | FMI Study

As per the market survey report, the catering services business worldwide generated a revenue of around US$ 565 million in the year 2018. Though the market followed a steeply rising curve in the following years, the average CAGR until 2022 has been brought down to 1.2%. This tragic downfall in demand for catering services was a consequence of the pandemic rendering the market value at US$ 592.5 million by end of 2022.

Currently, the net worth of total catering services adopted around the world together is estimated to be around US$ 618.5 million for the year 2023. The catering services sector is projected to expand at an annual rate of 4.4% during the years 2023 to 2033. The FMI global catering services market analysis report further predicts it reaching a value of almost US$ 951.5 million by 2033.

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There is a growing concern for safe food handling practices worldwide and a need for outsourcing food preparation services to a reputed supplier. Moreover, the FDA’s strict guidelines for monitoring and controlling the standards of the food being served are perfecting catering services globally.

Recently, the United States FDA established more and stricter rules and guidelines for regulating the quality and standards of food served by catering service providers. As a result, many existing market players in the country have reoriented their business strategies to remain competitive in the market.

Key Takeaways

The United States is the leading region for the adoption of all catering services and the regional market is expected to be worth around US$ 152 million in 2023.
China is anticipated to record an impressive 7.1% CAGR over the forecast years owing to its huge population and evolving culture.
Germany is the leading region in Europe for higher adoption of catering services throughout the Europe region. As per the market report, this regional market is anticipated to exhibit a growth rate of 3.2% during the years 2023 to 2033
The demand for catering services in Canada is projected to grow at a rate of 3.5% over the forecast years making it a lucrative market for players in the region as well as the United States.
Standalone food catering services control a dominant share of the market in comparison to chain catering services companies.
The corporate contract food catering service segment contributes the lion’s share of the total revenue generated by the global market.

Competitive Landscape

Aramark Corp., Compass Group PLC, Bartlett Mitchell Ltd., CH and Co Catering Group Ltd., Delaware North Companies Inc., Newrest Group Services SAS, Deutsche Lufthansa AG, Dine Contract Catering Ltd., Gategroup, DO & CO Aktiengesellschaft, DoorDash Inc., Elior Group SA, The Emirates Group, Sodexo Group PVT Ltd, Cushman & Wakefield, WSH Group Ltd., Newrest Group Services SAS, and ABM Catering Solution, ISS A/S, Jones Lang LaSalle IP, Inc., AVI Foodsystems, Inc, Thompson Hospitality, Albron B.V., Hutten Catering BV among others are prominent players operating in the global catering services market.

To boost profits and strengthen their market positions, many companies in the catering services market have selected new product launches and takeover of regional service providers as their primary development methods.

Some leading global market participants have recognized substantial growth potential in Asia Pacific countries and are extending service points in this region. Due to large investments for attracting foreign corporates and tourism, nations like India, Qatar, and Saudi Arabia present attractive development potential for the catering service sector.

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Key Segments

By Service Type:

Contractual Catering Service
Non-contractual Catering Service
Other Catering Services

By Application:

Wedding Catering Services
Corporate Catering Services
Social Events Catering Services
Other Events Catering Services

By End User:

Catering Services for Industrial Sector
Catering Services for Hospitality Sector
Catering Services for Educational Sector
Catering Services for Healthcare Sector
Catering Services for In-Flight Sector
Catering Services for Other End Users

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
The 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.

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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Industrial Margarine Market Set to Surpass USD 4.42 Billion by 2033 Amid Rising Lactose Intolerance and Nutritional Demand

The global industrial margarine market is expected to record a CAGR of 5.1% between 2023 and 2033. In 2023, the market valuation is expected to be at US$ 2.69 billion. By 2033, the figures are expected to surge beyond US$ 4.42 billion.

The world has been witnessing an increase in lactose intolerance cases. The experts believe that nearly 68% of people suffer from lactose intolerance in some way or the other. This presents a huge opportunity in front of the market, as these are not made of milk, and are a rich source of Vitamin D and Vitamin A as well.

There has been an increasing clamor against the consumption of GMO-based food products. Lots of people who have consumed GMO-based products have reported incidents like illness and unease. Apart from that, as these are not naturally processed, the nutritional value is much lower as compared to their organic counterparts. Industrial margarine is a non-GMO-based product. Such factors are expected to surge the demand for industrial margarine during the forecast period.

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The Middle East nations are extremely particular when it comes to halal certifications. The industrial margarine and its products are halal certified, which has skyrocketed consumer confidence.

The growing bakery market represents a world of opportunities in front of the industrial margarine sector. The global bakery products market is expected to cross a valuation of US$ 600 billion by 2030. Margarine is used in bakery products, as these act as an emulsifier and also assist in the spreading process.

There is also increased consumption of plant-based food products owing to surging vegans and a surging health consciousness. Industrial margarine does not contain animal fats, and this is expected to massively surge the adoption rate.

Thus, from the insights provided by FMI researchers, it can be inferred that ‘surging cases of lactose intolerance, rising consumption of non-GMO food, mandatory halal certification, and a lot of other factors are expected to surge the industrial margarine market share during the forecast period.’

Key Takeaways:

The market is expected to record a CAGR of 5.1% during the forecast period.
In 2023, the market size is estimated to be US$ 2.69 billion.
By 2033, the figure is expected to surge beyond US$ 4.42 billion.
Based on regional analysis, North America is expected to hold the dominant market share. On the basis of CAGR, Asia Pacific is expected to hold the leading position.
On the basis of type, the spreadable segment is expected to hold the leading market share during the forecast period.
Based on application, the bakery segment is expected to hold the leading market share during the forecast period.

Competitive Landscape

The key players operating in the market are focusing on looking for leaders, who have been a part of the market for decades. Through their expertise, the manufacturers might expand their capabilities. The idea is also to develop strategies to get into meaningful mergers and acquisitions. This is done to expand the market share, and serve new regions. The manufacturers are also developing strategic partnerships with players from other niches to assess their technology. This may also help in knowledge sharing. With a focus all set on sustainable development, the key players are setting strategies that are in tandem with the United Nations’ sustainability goals. Thus, there is an increasing deployment of green practices, like working intensely to reduce carbon emissions.

Key developments in the market:

In December 2022, Bunge decided to invest in a new protein concrete facility in the United States.
In August 2022, Conagra Brands promoted Tracy Schaefer to Chief Information Officer.

Other companies profiled: Associated British Foods, Fuji Oil, Richardson International, Royale Lacroix, Aigremont, Vandemoortele, NMGK Group, EFCO Group, and Wilmar International.

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Industrial Margarine Market Segmentation

By Type:

All Purpose
Spreadable
Butter Blend

By Form:

Hard
Soft

By Source:

Plant
Animal

By Application:

Bakery
Spreads
Sauced and Toppings
Confectionary
Convenience Foods
Other Applications

By Region:

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

About Future Market Insights (FMI)

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

Starter Feed Market to Reach USD 54.31 Billion by 2033, Driven by Health Consciousness and Organic Feed Trends

The global starter feed market is predicted to record a CAGR of 5% over the forecast period, according to a recent market research analysis from FMI. The analysis estimates that the market for starting feed is likely to be worth US$ 33.34 billion in 2023 and US$ 54.31 billion by 2033.

The expansion of the global starter feed market is anticipated to be fueled by crucial components like growing consciousness of livestock health, increasing preference for organic and healthy feed products, and growing adoption of starting feed as a viable substitute for traditional feed globally.

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Global demand for livestock is also driving up demand for a wide range of starter feeds. Demand for starter feed is expected to be largely driven by meat intake and the rising demand for dietary items made from animals throughout the world in the upcoming years.

Other factors that might support market growth in the future include the soaring acceptance of the process of fermentation in livestock feed and a paradigm shift toward contemporary livestock farming practices.

Ascending per capita income, rising consumption of poultry meat globally, and high investments in the creation of innovative starter feeds are also anticipated to open up market opportunities during the forecast period.

North America currently dominates the starter feed market and is expected to maintain this pattern of dominance over the projected period. The grounds for the dominance are the growing demand for meat and meat products, as well as the increasing understanding among farmers in this region of the health advantages of starter feed.

Key Takeaways

In China, the market is expected to reach a value of US$ 14.18 billion by 2033, expanding at a CAGR of 8.9% during the forecast period.
During the projection period, a CAGR of 2.5% is anticipated for the market in Germany.
During the projection period, a CAGR of 2% is predicted for the market in Japan.
The medicated segment is anticipated to register a 5.4% CAGR to reach US$ 33.04 billion by 2033.

Competitive Landscape:

The top manufacturers of the starter feed market are Archer Daniels Midland Company, Purina Mills LLC, Nutreco N.V., Cargill Incorporated, Roquette Freres S.A., Evonik Industries AG, Charoen Pokphand Foods PLC, Alltech Inc., Associated British Foods Plc., Koninklijke DSM NV, BASF SE, ACI Godrej Agrovet Private Limited and others.

Manufacturers of starter feed are concentrating on creating high-quality, nutritionally balanced solutions to suit farmer expectations and assist the development and well-being of young cattle. To increase sustainability and feed efficiency, they are also introducing innovative technology. As the need for animal protein rises globally, many are extending their global reach through alliances and acquisitions. Additionally, a few businesses are spending money on research and development to produce specialized diets for particular animal species and developmental phases.

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Recent Developments:

In January 2023, with the addition of the United States to their current agreement for the research and sale of feed enzymes, BASF and Cargill confirmed their cooperation.
In April 2019, Illinois’ new pioneering animal feed factory was officially launched by Archer Daniels Midland Company.

Starter Feed Market Segmentation

By Type:

Medicated
Non-medicated

By Ingredient:

Wheat
Corn
Soybean
Oats
Barley
Other

By Livestock:

Ruminant
Swine
Poultry
Aquatic
Equine

By Form:

Pellets
Crumbles
Other

By Region:

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

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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.

Clean-Label and Organic Trends Propel Fruit Jams, Jellies, and Preserves Market to Exceed USD 3.16 Billion by 2033

The fruit jams, jellies, and preserves market are expected to advance at a CAGR of 5.4% between 2023 and 2033. The FMI researchers have opined that the market size in 2023 is expected to be US$ 1.87 billion. By 2033, the valuation is expected to cross US$ 3.16 billion.

There has been a surging demand for clean-label ingredients as these help in extending shelf life and improve product inventory. The fruit jams, jellies, and preserves make use of clean labels, which has ultimately increased consumer confidence in the product.

The demand for fruit jams, jellies, and preserves is expected to surge as these make use of organic products. The biggest advantage of consuming organic products is that they are safe for the environment and contain a high amount of nutrients.

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In the current times, manufacturers are fortifying fruit jams, jellies, and preserves with extra nutrients. The manufacturers are also introducing different flavors, which are expected to further expand the market. This is done in a bid to focus particularly on small children.

Owing to rapid urbanization, people have started leading a sedentary lifestyle. This has led to long working hours, as a result of which people hardly have any time to cook food by themselves. Thus, they visit mobile food stores for breakfast, wherein they mainly consume bread and jams as a virtually staple food. Such factors are expected to massively influence the adoption rate.

From the insights provided by FMI analysts, it can be inferred that ‘soaring demand for clean label ingredients, organic products, the introduction of different flavors, rapid urbanization, and many other factors are expected to surge the fruit jams, jellies, and preserves market growth during the forecast period.’

Key Takeaways:

The CAGR during the forecast period is expected to be 5.4%.
In 2023, the valuation is expected to be at US$ 1.87 billion.
By 2033, the numbers are expected to cross US$ 3.16 billion.
Based on regional analysis, North America is expected to be the dominant market. As per the CAGR, Asia Pacific is expected to rule the global market.
The United States market is expected to grow owing to a significant bread market.
Europe market might prove to be an attractive destination owing to the high consumption of royal jelly.
Japan market shows promising opportunities owing to the surging mobile food market.
South Korea market is expected to grow by leaps and bounds owing to the presence of a lucrative spreads market.
Based on type, the jams and jellies segment is expected to hold the leading market share.
Based on the distribution channel, the supermarket/hypermarket segment is expected to hold the dominant market share.

Competitive Landscape

The key players operating in the fruit jams, jellies, and preserves market are investing in the sustainability program. Since the food sector has been generating a massive amount of land pollution, the manufacturers are keeping a check on production activities. The key players are also investing in mergers and acquisitions to expand their market presence. They are also developing strategic partnerships in order to expand their capabilities and product portfolio. The focus is also on improving the supply chain for the seamless transportation of products from one part of the world to another.

Key developments in the fruit jams, jellies, and preserves market:

In October 2022, B&G Foods announced Andrew Vogel as the Executive Vice president and President of Meals.
In June 2022, Ferrero SpA plant in Arlon was authorized to restart production in collaboration with the Belgian food safety authority.

Other Key Companies Profiled: Baxters Food Group, Murphy Orchards, National Grape Cooperative Association, Nestle India, The Hershey Company, The J.M. Smucker Company.

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Market Segmentation

By Type:

Jams and Jellies
Marmalade
Preserves

By Distribution Channel:

Hypermarkets/Supermarkets
Convenience Stores
Online Retail
Other Distribution Channels

By Region:

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

About Future Market Insights (FMI)

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

Future Trends: Chickpea Market Forecasts Significant Growth, Reaching USD 15,519.9 Million by 2033

The chickpea market is scheduled to expand at a CAGR of 6.9% during the anticipated period. From USD 7,948.2 million in 2023 to USD 15,519.9 million in 2033, the chickpea market size is forecast to rise.

The main factor surging the growth of the chickpea protein market is customers’ growing preference for nutritious foods. People worldwide gravitate toward a more dependable, clean food source offering significant dietary benefits. Due to growing environmental consciousness, the appeal of meat alternatives, and the trend of veganism and vegetarianism, these lifestyles have been rapidly growing.

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Nourishing Future of The Market Driven by Government Initiatives

The government has taken strong measures to encourage the production and consumption of chickpea proteins, which have numerous health advantages, catalyzing the chickpea protein market growth. In line with this vision, European policymakers have put forth initiatives to promote the production and consumption of chickpeas and other plants high in protein.

This tactical choice is projected to result in a considerable increase in chickpea protein production, fueling significant chickpea market expansion afterward. These programs encourage sustainable food production and consumption while promoting healthier diets and economic opportunities in agriculture.

Chickpea’s Rise in Nutraceuticals Unveil Market Growth Opportunities

Since chickpeas are a plant-based protein, they are a healthier option for persons with chronic cardiovascular conditions. Consuming chickpea protein also helps to prevent hair loss and preserve healthy skin.

Due to all these health advantages, chickpeas are being more widely used in nutraceuticals, which is anticipated to lead to multiple potential for chickpea market expansion. In addition, chickpea protein is renowned for playing a crucial part in controlling blood sugar, particularly in those with type 2 diabetes. Chickpeas are crucial for managing diabetes.

Chickpea Protein’s Hidden Woes

With a broad profile of necessary components, chickpea protein powder boasts substantial nutritional advantages. Due to its possible negative effects, its chickpea protein ingredients market expansion confronts difficulties. Consuming excess chickpea protein and its constituent parts can cause serious digestive issues and even damage the digestive tract.

This may cause unpleasant side effects, including acidity and bloating, which can prevent the widespread use of goods containing chickpea protein. Careful moderation and awareness of these adverse effects are necessary to completely reap the benefits of chickpea protein while reducing any negatives.

Regional Outlook

The global chickpea market has a bright geographical outlook, with consistent growth projected on several continents. Chickpeas remain a staple food in Asia, particularly in India and Pakistan, supporting a healthy demand. In regional foods like hummus and falafel, chickpeas are used often in the Middle East and North Africa.

The chickpea protein market is growing in North America as the acceptance of plant-based diets rises. Consumption of chickpeas as a protein source and component in different cuisines is on the rise in Europe. Chickpeas’ variety and health advantages contribute to the chickpea market potential, and expansion is envisaged.

Key Takeaways

The desi segment in the product type category to grab a share of 63.8% through 2033.
The United States industry to grab a share of 3.3% by 2033.
Canada to hold a market share of 3.2% by 2033.
Germany is going to dictate 1.0% of the global market by 2033.
By 2033, China may possess 5% of the global market size.
Australia is anticipated to hold a 0.6% market share by 2033.
By 2033, Japan’s market is going to latch a 1.3% share.

Competitive Landscape

To fulfill the rising demand for chickpeas worldwide, chickpea manufacturers primarily concentrate on boosting production per hectare for farmed land and developing innovative harvesting methods. The manufacture of good export-quality chickpeas is another goal for leading chickpea manufacturers.

Recent Advancements

A novel chickpea protein isolate for making plant-based ice cream was unveiled in December 2022 by the food technology business ChickP Protein. To make a prototype ice cream using the protein mentioned above isolate, the business collaborated with Vaniglia.
NotCreme debuted on Masterchef Brazil in August 2022, according to NotCo, a Chilean unicorn food technology company. The end product is a vegan milk cream prepared from chickpeas.
The addition of organic chickpea spaghetti to its current lineup of organic plant-based pasta was announced by Tolerant, a division of the Barilla Group noted for creating minimally processed legume-based pasta, in July 2022.

Key Chickpea Manufacturers

ABBOTT BLACKSTONE Co. Inc.
AdasCan Grain Corp.
AGROCROPS
AGT Food and Ingredients
ATC Group India
Australian Grain Export Pty Ltd.
Bean Growers Australia Ltd.
BroadGrain Commodities Inc.
Cono Trading International AGFazlani Exports Pvt. Ltd.
JOVA Graneros SA de CV
Mast Qalander Group of Companies
Natures Pulses Co.
Olam International Ltd.
Popular Pulse Products Pvt. Ltd.
Raviraj Group
Shimla Hills Offerings Pvt. Ltd.
Shri Mahavir Group
VEERRAL AGRO TECH
Woods Holding Group Pty. Ltd.
The Wimmera Grain Store.

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Key Segments

By Form:

Dried
Fresh
Canned
Frozen
Others

By Application:

Direct Consumption
Snacks
Delicacies
Dips
Others

By Type:

Kabuli Chickpea
Indian Chickpea
Garbanzo Beans
Desi Chickpeas
Others

By Color:

Yellow
Brown
Green
Red

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Explosive Growth Ahead: The Global Cold Cuts Market Set to Reach USD 1,073.66 Billion by 2033 Driven by Urbanization and Consumer Trends

The global demand for cold cuts market is set to witness extraordinary growth over the next decade, with its valuation projected to skyrocket from USD 483.71 billion in 2023 to USD 1,073.66 billion by 2033. This significant expansion is driven by a steady 8.3% CAGR, fueled by expanding urban populations, rising demand for on-the-go foods, and increasing consumer awareness of various cold cuts due to travel and exposure.

The cold cuts market is experiencing a surge in demand, driven by several key factors:

Fresh Cold Cuts Replace Frozen Varieties

In recent years, there has been a notable shift in consumer preferences from frozen to fresh cold cuts. The adoption of fresh cold cuts has become significant in developed cities, where consumers now prioritize better taste and nutritional value. Specialty markets and meat shops were initially the main sources for fresh cold cuts, but now conventional grocers are joining the trend with dedicated charcuterie counters.

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Focus on Quality and Ingredients

Consumers are increasingly willing to pay a premium for high-quality ingredients. With growing health awareness, the demand for cold cuts made from natural and healthy cuts, such as hormone-free and antibiotic-free meats, has risen. Manufacturers focusing on providing quality have benefited from consumers’ access to readily available information. Producers are pushing the envelope with flavorful ingredients such as imported spices, quality cheese, and smoky or spicy offerings.

Spotlight on Labels

Consumers are avid label readers, particularly when it comes to meat products. They are interested in not only how the products are made but also how the animals are raised. This has led to an increase in clean labeling and the use of nutritious ingredients. Products and brands that focus on transparency claims, such as those made with no artificial ingredients, sustainable sourcing, and quality ingredients, are growing in popularity. Products made from heritage breeds, which are humanely raised and bred for consistent taste and flavor, are also receiving significant attention.

Health-based and Palate-driven Innovation

Health-conscious consumers continue to drive innovation in the cold cuts market. Brands like Prasuma are giving consumers access to their favorite cold cuts while focusing on socially responsible, charitable, and authentic brands. Categories are making strides to appeal to health-conscious consumers by offering products with fewer ingredients and healthier attributes.

Future Outlook

Short-term Outlook (2023 to 2026)

Companies in the cold cuts market are increasingly focused on sustainability, from sourcing high-quality ingredients from sustainable sources to reducing packaging waste. This focus on sustainability is becoming a key consideration for consumers and companies alike.

Mid-term Outlook (2026 to 2029)

Health and wellness labeling, such as ‘gluten-free’ or ‘low-sodium,’ is becoming more prevalent as companies respond to health-conscious consumers. This trend is expected to continue growing, with companies offering cold cuts that meet specific dietary needs.

Long-term Outlook (2029 to 2033)

Consumers are increasingly seeking food products customized to their individual needs and preferences. Companies are responding by offering personalized cold cuts, such as sampler packs that allow consumers to try a variety of flavors and varieties.

Market Drivers

Health and Wellness Trend

Cold cuts are perceived as healthier than traditional processed meat products, driving demand among health-conscious consumers. These products are often made from high-quality ingredients and are lower in sodium, fat, and other unhealthy additives.

Urbanization

The spread of urban residents with higher disposable incomes is leading to increased demand for high-quality food products, including cold cuts. Urbanization is a significant factor contributing to the market’s growth.

Innovations in Product Development

Companies are investing in research and development to develop new and improved cold cuts products that appeal to changing consumer preferences. This has led to the development of organic and specialty cold cuts, driving market growth.

Competitive Landscape

Leading companies in the cold cuts market include Tyson Foods, Smithfield Foods, JBS USA, and Hormel Foods. These companies are known for their high-quality products and continue to innovate to meet changing consumer preferences.

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Regional Insights

United States

The U.S. is a key market for cold cuts, driven by busy consumers looking for convenient, high-quality food options. The growing population and rising disposable incomes are also contributing to market growth.

United Kingdom

The U.K. has a strong tradition of high-quality food production and a well-established cold cuts market. The country’s focus on research and development supports continued innovation and growth.

China

China’s large population and rapidly growing middle class with increasing purchasing power make it an attractive market for cold cuts. Urbanization is also driving growth, with more consumers seeking convenient, high-quality food products.

India

India’s growing middle class and increasing awareness of the convenience and health benefits of cold cuts are expected to drive market growth. However, companies must navigate stringent food safety and labeling regulations and strong competition.

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.