Market Research Blog – Page 1742 – New Product Development

Navigating Growth in the Hemp Seed Oil Market Sales of US$ 617.1 Million by 2033: Expanding Applications and Rising Demand Across Multiple Industries

The global hemp seed oil market is expected to reach a market valuation of US$ 104 million in the year 2023. The global market value for hemp seed oil grew at a CAGR of roughly 5.3 percent over the last half-decade. Meanwhile, over the forecast period of 2023 to 2033, demand for hemp seed oil is expected to expand at a CAGR of roughly 19%.

The global hemp seed oil market is expected to increase at a breakneck pace between 2022 and 2032. The rising adoption of hemp seed oil in multiple end-use sectors such as food and drinks, cosmetics, personal care, nutraceuticals, industrial, and pharmaceutical goods is attributable to this expansion. Furthermore, the increased usage of hemp seed oil in vegan goods is expected to drive hemp seed oil market growth in the coming years.

Hemp seed oil is well-known for its anti-inflammatory properties. Aside from that, there has been a significant increase in the demand for hemp seed oil in sauces and salad oils, cooking oils, nutritional supplements, and baked goods. The main cause for this scenario is greater knowledge of the health advantages of hemp seed oil.

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Hemp seed oil is gaining popularity due to its rich content of omega-3 and omega-6, which offer numerous health benefits. Hemp seed oil helps in reducing inflammation, causing diseases related to the heart and cancer. The rising awareness about hemp seed oil and its various health benefits has resulted in its increased application in cooking oils, sauces and salad oil, baked foods, and nutritional supplements.

Furthermore, the hemp seed oil is gradually finding applications in the pharmaceutical, nutraceutical, and cosmetics industries, which will bode well for the market in the coming years. It has also penetrated the pet care market, besides finding applications in the green building materials market and the biofuel market.

Key Takeaways from Market Study

The North American area’s market value for hemp seed oil is 32.5 million dollars, accounting for 38% of the global market value, with the United States owning a market share of 65 percent in the region.
As hemp seed oil contains no psychotropic chemical components, it is considered safe for use in products for babies, children, and pregnant women.
The European hemp seed oil industry is predicted to grow dramatically in the next years. Consumers are becoming more aware of the nutritional benefits of organic hemp seed products, resulting in its broad incorporation into their daily diet.
As hemp seed has a more stable nature in the air (in terms of denaturation and oxidative stability) than hulled seed, the whole hemp sector is predicted to dominate the market and continue to do so over the projection years.
Due to its strong nutritional profile, hemp seed oil is widely used in the food and beverage sectors across the world. In 2019, this sector accounted for 44.52 percent of the market. Hemp seed oil may be used in a variety of dishes, including smoothies and breakfast toppings.

Competitive Landscape

Many well-established firms are present in the hemp seed oil sector. Because the market is still in its early stages, it offers exciting chances for new entrants. To acquire a competitive advantage, industry leaders use a variety of organic and inorganic techniques. Offering organic certified products is one of the primary strategies used by significant businesses. Aside from that, several suppliers are increasing their emphasis on clean-label claims.

One of the most popular brands of the hemp seed oil is Nutiva. It is made from cold-pressed hemp seeds, and it is rich in antioxidants, omega-3 fatty acids, and fiber. It also has a nutty flavor that many people enjoy.
Another popular brand of the hemp seed oil is Manitoba Harvest. It is made from pure hemp seeds, and it contains no chemicals or preservatives. It also has a nutty flavor and a high smoke point, making it perfect for cooking.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Hemp Seed Oil market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (Bread, Cakes, Pizza Bases, muffins, Hamburgers, and Other Product Types), Application (Bakery, Confectionery, Restaurant, Household), and Sales channels (Direct, Indirect) across seven major regions of the world.

Hemp Seed Oil Market by Category

By Product Type, Hemp Seed Oil Market is Segmented as:

Conventional
Organic

By Grade, Hemp Seed Oil Market is Segmented as:

Food grade
Pharmaceutical grade

By Extraction process, Hemp Seed Oil Market is Segmented as:

Cold pressed hemp seed oil
Refined hemp seed oil)

By End-use, Hemp Seed Oil Market is Segmented as:

Food & beverages
Nutraceuticals
Cosmetics & personal care
Pharmaceuticals
Industrial products

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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
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Website: https://www.futuremarketinsights.com
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Harnessing Growth Opportunities in the Biochar Fertilizer Industry Sales of US$ 7,969.50 Million in 2033: Expanding Role in Sustainable Energy Production

The biochar fertilizer market is expected to increase from US$ 3,848 million in 2023 to US$ 7,969.50 million in 2033.

Increasing Need for Biochar in Electricity Production to Drive Market Growth

Char product is made from waste materials such as forest and agricultural trash, as well as other contaminants. This is a type of charcoal that has the potential to be useful in the production of energy in various parts of the world. It is a cost-effective alternative for energy production; thus its use is rapidly expanding over the world.

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This char is also simple and quick to prepare. The rising usage of this char for energy production has profitable possibilities for the market throughout the predicted period.

Environmental protection is getting popular across the world. Many environmental restrictions are being advocated to safeguard the ecosystem from rubbish and carbon pollution. The government has imposed stringent environmental regulations and is encouraging the use of this commodity in a range of uses such as electricity generation, animal feeding, and others.

By decreasing trash, we can achieve a sustainable aim. It can be used as a fertilizer after being added to the soil. Increasing environmental laws support the growth of the global biochar market over the forecast period.

Biochar provides a variety of market benefits and applications. It is cost-effective, reduces waste, is pollution-free, and has low raw material costs. It has a variety of uses, one of which is cattle feed. The usage of this product for livestock feed is growing prominently around the world since it improves animal health and provides organic nutrients.

The usage of this chemical as feed aids in the absorption of toxins from the animal’s body as well as digestion. Farmers in some locations have started giving it to their cows daily. As a result, demand in this industry rises and the market expands during the forecast period.

Key Points from the Biochar Fertilizer Market

The market is expected to surpass US$ 7,969.50 million by 2033.
Rising demand for natural and organic food products, as well as a growing need to improve soil fertility and crop development, are driving up demand for biochar in the agriculture sector.
Biochar fertilizer market is expected to secure a CAGR of 8% during the forecast period 2023 to 2033.
Asia Pacific dominated the biochar fertilizer market.

Key Developments in the Biochar Fertilizer Market

June 2021 – Airex Energy and SUEZ Group have joined forces to boost the capacity of creating biochar from biomass residues from 10,000 to 30,000 tonnes per year.
June 2021 – Wakefield Biochar inked a contract with a wholly-owned subsidiary of Vow ASA (collectively ‘Vow’) to install an industry-scale Bio green system at Wakefield’s factory in Valdosta, Georgia. The US$ 5.15 million turn-key systems that Vow deliver and commission in 2022 include drying equipment, biochar synthesis utilizing proprietary Bio green technology, and the conversion of CO2-neutral syngas into energy for biomass drying.
November 2021 – Vale SA announced a 60-70 million Chinese yuan investment in China Baowu Steel Group Corp. Ltd.’s pilot biochar plant project. The parties committed to collaborating to develop steelmaking technologies that reduce greenhouse gas emissions under the terms of the MOU.
June 2022 – Airex Energy joined the BDO Zone Strategic Partnership as a technology group partner. It comprises some leading bioenergy firms that aid de-risk biobased project development in BDO Zones.
June 2021 – SUEZ Group and Airex Energy collaborated to commercialize the conversion of biomass leftovers into biochar.

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Key Segment

By Nature:

Organic
Inorganic
Compound

By Application:

Animal Feed
Agriculture
Fish farming

By Region:

North America
Europe
Asia Pacific
Central & South America
The Middle East and Africa

About Future Market Insights (FMI)

Gypsum-free Lactic Acid: A Market with Huge Potential and Growth Opportunities

The global gypsum-free lactic acid market is projected to reach a valuation of around USD 3.4 billion by 2032, with sales growing at a stellar CAGR range of 9.5% to 11% from 2022 to 2032. Valued at USD 1.2 billion in 2021, the target market will reach an estimated USD 2.4 billion by 2028. This strong market growth can be attributed to elevated demand for gypsum-free lactic acid across multiple industrial verticals including food and beverage, chemicals, pharmaceuticals, and personal care products. Many of these industries prefer gypsum-free lactic acid due to its enhanced sustainability and low environmental impact. These facets will propel the market forward during the forecast period.

Though lactic acid has been used for various purposes for a long time, the industrial manufacturing of lactic acid is energy sensitive and yields enormous amounts of by-products like gypsum which results in a greater carbon footprint of the process. Hence, lactic acid manufacturing enterprises have developed innovative gypsum-free production processes for lactic acid. At present, different sectors utilize lactic acid for its improved sustainability and low environmental impact. Furthermore, lactic acid finds application as a preservative, pH regulator, and anti-microbial agent in packaged food and beverage, chemicals, and personal care products.

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During the assessment period, the market for gypsum-free lactic acid is positively influenced by constant development in manufacturing processes of lactic acid that enable the recycling of all chemicals and elimination of by-products. An upsurge in consumer spending on packaged food products and beverages and heightened demand for a better shelf life of food products to deal with food insecurity are certain factors that aid the expansion of the gypsum-free lactic acid market size. Other factors like growing awareness of environmental conservation, favorable government policies, the prevailing trend of green packing, and increasing demand for gypsum-free products will stimulate the market growth for gypsum-free lactic acid.

Key Takeaways:

High equipment costs, availability of other alternatives, and fluctuation in raw material prices may hinder the growth of the gypsum-free lactic acid market.
North America will likely account for the largest portion of the global gypsum-free lactic acid market size as it will be driven by access to advanced manufacturing technologies.
Increasing consumer spending will propel the Asia Pacific gypsum-free lactic acid market to grow at a robust rate from 2022 to 2032.
Expansive usage of gypsum-free lactic acid in packaged food products like bread, desserts, and jams, among others will strengthen the market prospect.

Competitive Landscape

Nayurework, Henan Jindan Lactic Acid Technology, Jungbunzlauer, and Corbion, among others, are significant players in the gypsum-free lactic acid market profiled in the full version of the report.

Leading market players are focusing on expanding their production capacities to meet the rising demand of consumers. New product releases and establishing facilities in regions with high potential are a few other tactics these participants employ to strengthen their market footprints. These organizations also engage in strategic partnerships, collaborations, mergers, and acquisitions to gain a competitive edge.

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More Insights into Gypsum-Free Lactic Acid Market

FMI offers the latest, unbiased, and detailed analysis of the global gypsum-free lactic acid market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of source, application, function, and region.

According to the reports, based on region, the gypsum-free lactic acid market in North America will present the most significant growth. The target market in this region will dominate the global marketplace. A strong presence of market manufacturers, access to advanced technologies, greater investments in research and development efforts, and rising adoption of biodegradable polymers in varieties of applications will aid the growth of the gypsum-free lactic acid market in North America. Additionally, Asia Pacific will also present notable growth in the gypsum-free lactic acid market as consumer spending continues to increase and industries continue to expand in this region. Heightened demand for gypsum-free lactic acid across countries like China and Japan will fuel the growth of the gypsum-free lactic acid market in Asia Pacific. Thus, North America and Asia Pacific will contribute to the global growth of the gypsum-free lactic acid market.

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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Navigating Growth in the Citrus Pulp Fibre Market Sales of US$ 322.5 million by 2033: Sustainable Solutions Driving Demand Across Food Processing Industries

The global citrus pulp fibre market value is anticipated to reach a market value of US$ 322.5 million by 2033, expanding with a CAGR of 6.8%. Sales of the fibre pulp are likely to account for a notable part of the demand in the global food processing market in 2023.

FMI predicts that this is due to the prevalent trend of increased consumer preference for plant-based products. Since citrus pulp fibre is a product of citrus fruit processing, it is natural and sustainable, which makes it more appealing for consumers as well as manufacturers who prefer sustainable ingredients in their products. Citrus pulp fibre has a wide range of applications including bakery, beverages, confectionary, etc. The expansion of these industries drives this industry to expand as well.

The seasonal availability of citrus fruit causes price fluctuations and supply uncertainties, which can turn out to be a challenge for suppliers and manufacturers. While citrus fibre has its benefits, it is not the only competitor in the market. It has to face competition from markets such as oat fibre, wheat bran, and cellulose based fibres. This causes an intensely competitive field for the product.

FMI points out that the expanding functional food and dietary supplements industry prefers citrus pulp fibre for its texture stability, nutritional content and its suitability for use in other products. This results in expansion of the citrus pulp market as well.

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Key Takeaways

According to FMI, the United States market is expanding at a CAGR of 20.4%, due to the increasing veganism movement in 2022.
The German market is anticipated to be growing at a CAGR of 6.8% in the year 2022.
The Japanese market is showing promise of growing to a CAGR of 6% in the same year.
FMI observed that the market of Australia grew at a CAGR of 2.1% in 2022.
The Chinese market expanded at a CAGR of 10.8% in 2022, due to consumer awareness towards sustainable products.
India showed a CAGR of 6.9% in 2022, as the effect of the combined causes of sustainability and a growing consumer preference for plant-based items.
The United Kingdom market inflated at a CAGR of 4.5% in 2022, based on research done by FMI. This lower CAGR is due to price and availability fluctuations.

Competitive Landscape

Key players in the citrus pulp fiber market are focusing on providing certified, high-quality citrus pulp fiber to their customers. Manufacturers are also heavily investing in research and development for various citrus pulp fiber applications. Furthermore, sales of citrus pulp fiber have increased in the personal care, animal feed, and pharmaceutical segments as people become more aware of its various uses and health benefits. Manufacturers now can increase their market share by offering segment-specific citrus pulp fiber.

CP Kelco plans to increase its LMA pectin production capacity at its Lille Skensved, Denmark facility by 15% by incorporating advanced technology to extract pectin from a new generation of raw material.
Cargill, Incorporated has come up with CitriPure Citrus Fibres, which are label friendly, offer a nutritional boost, and are obtained without any chemical modification, along with excellent texture enhancement. They are consistently tested and on-trend prototypes are continually created.
CP Kelco, UNITED STATES., Inc. has NUTRAVA Citrus Fiber, which supports dietary fiber intake and is made from sustainably sourced peels, which is a byproduct of the juice industry. It has also released KELCOSENS Citrus Fibre, which is created from upcycled citrus peels, and helps stabilise emulsifier-free skincare products.

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Citrus Pulp Fiber Market by Category

By Nature:

Organic
Conventional

By Grade:

Food
Pharma

By Source:

Oranges
Tangerines/ Mandarins
Grapefruit
Lemon
Lime

By Region:

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

About Future Market Insights (FMI)

Capturing Growth in the Imitation Whipped Cream Market Hits US$ 2.15 Billion by 2034: Expanding Opportunities in Artificial Food Preservatives

The market for imitation whipped cream sales of artificial food preservatives hold a current valuation of US$ 1.24 billion in 2024. The demand could rise and equate to a market valuation of US$ 2.15 billion, expanding at a CAGR of 5.6% by 2034.

According to the report, the rising demand for imitation whipped cream in the food and beverage industry will fuel market growth. The report offers a comprehensive market overview, covering prevailing trends and opportunities. It also highlights key growth drivers and restraints to offer refined forecasts on growth opportunities.

Baked Goods with Artificial Whipped Toppings Savors the Demand for Imitation Whipped Cream

Confectionery manufacturers all over the globe have been experimenting with the use of artificial whipped cream to imbue traditional baked products with a novel twist.

The demand for baked goods that are free from synthetic components, preservatives, and other chemicals is generally preferred by consumers. The pursuit of baked products rich in flavor and texture akin to natural ingredients is projected to fuel the demand for imitation whipped cream.

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Imitation whipped cream is produced using either vegetable oils or plant-based milk and is then spray-dried to achieve change them into a powder form. Imitation whipped cream in the powdered form has the highest economic contribution due to its higher shelf life, which has an impact on the choice of consumers as well as the retailers that sell the product.

Imitation whipped cream is easily storable and does not require any additional efforts. Consisting imitation whipped cream in supermarkets is also easier and more cost-effective as these non-dairy creamers have an extended life. Thus, the value of imitation whipped cream is higher in the global market.

It includes in-depth insights into the imitation whipped cream market. Some of these are:

The estimated value of the market was at US$ 1.24 billion in 2024. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Asia Pacific excluding Japan recorded high growth in the global imitation whipped cream market in the year 2024.
Imitation whipped cream markets Europe and North America will remain lucrative through the forecast period.
Conventional imitation whipped cream is expected to remain the dominant segment in terms of the nature of imitation whipped cream.
Players in the market are likely to focus on research and development to find new sources to make plant-based whipped cream and imitating whipped cream frosting.

“Rising popularity of plant-based ingredients in the food and beverage industry is anticipated to drive the imitation whipped cream market. It is also expected to benefit from increasing preference for coffee and ready to drink beverages among millennial. Changing consumption habits, coupled with focus on health and wellness will steer growth in favour of the market,” said a lead analyst at FMI.

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Shifting Consumers’ Preferences towards Plant-Based Dairy Alternatives

The dairy-usage among the consumers has persisted due unavailability of adequate options in dairy-alternatives and the need for nutrients that only dairy can fulfil. But the change of trend has been observed in recent as producers are coming with a wide range of products in dairy alternatives with variations in color, base and type of these products. Dairy products are preferred more traditionally and manufacturers cannot experiment much with them. With millennial and present-day consumers looking for more options in dairy products, imitation whipped cream market may gain impetus. The variety of imitation whipped cream recipe is plenty. It can be used in different food and beverage preparations, which is a key factor enabling growth in the market.

Dip in Demand Likely as Restaurants and Food Chains Remain Shuttered due to COVID-19

The global food industry is significantly affected by the COVID-19 outbreak, which has resulted in temporary closures of restaurants and food chains. Hence, HoReCa running out of businesses, it could be a major setback for imitation whipped cream market. Nonetheless, the market will pick up once operations in food service industry resumes. Until then, lockdown and preventive measures imposed across nations may curb growth prospects for the market.

Who is winning?

Some of the key players operating in the imitation whipped cream s market are Kraft Heinz Company, Rich Products Corporation, Nestlé S.A, Danone, Trader Joe’s Company, Kerry Group, and more tier two players.

Due to the rising popularity of plant-based food, manufacturers of whipped cream are improving their product offerings. Along with this, they are focusing on technical developments in production technology. Besides these, they are adopting strategies such as merger and acquisitions and collaborating with local/ regional producers across the emerging market to expand their global footprint. These companies are mainly focusing on catering to meet the ongoing trend in the millennium.

The global imitation whipped cream market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Nature

Organic
Conventional

Form

Powder
Liquid

Product Type

Soy Creamer
Almond Creamer
Oat Creamer
Coconut Creamer
Rice Creamer
Cashew Creamer
Coffee Creamer
Vegetable Cooking Cream
Other Product Types

End-Use

HoReCa/Food Service
Food & Beverage Processing
- Food Premixes
- Soups and Sauces
- Beverage Mixes
- Coffee Mixes
- Tea Mixes
- Bakery Products and Ice Cream
- RTD Beverages
- Others
  - Infant Food
  - Prepared and Packaged Food
Household/Retail

Sales Channel

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Store
- Departmental Store
- Online Retailers
- Specialty Store
- Other Sales Channel

About Future Market Insights (FMI)

Driving Growth in Blockchain for Agriculture: Seizing Opportunities Amid 41.0% CAGR Expansion

Dive into the booming blockchain in agriculture market value, projected to grow at an impressive 41.0% CAGR from 2019 to 2029. Led by large enterprises and driven by demand for product traceability and transparency, this sector is set to revolutionize food safety and supply chain integrity. North America leads, with major players like IBM and Microsoft paving the way. Explore how investments and government support are fueling innovation in India’s agricultural blockchain adoption.

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By enhancing organisational decision-making power, blockchain technology is revolutionising the food and agricultural industries. It is critical to measure and manage the genuine supply and demand for food items in order to ensure that food reaches those in need. Each year, about one-third of all food produced worldwide is wasted, according to the FAO. The blockchain network may be used to solve these challenges quickly and effectively.

It includes in-depth insights into the blockchain in agriculture market. Some of these are:

The estimated value of the market was at US$ 66.6 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Asia Pacific is a leading producer of farm products and foodstuffs. Which means the risk of food contamination and fraud in the supply chain in this area is higher.
The majority of Asia-Pacific countries export their food products to other nations. For example, most Asian countries export fruits and vegetables to European countries, as the highest food traceability requirements in this area are being witnessed.
During the forecast era, the application and solution provider segment is expected to rise to the highest CAGR.
The hacking and piracy of information available on blockchain networks is likely to curb business growth.
In terms of provider, the middleware provider segment is forecast to remain dominant through the course of the report’s forecast period.

Production and Distribution Impacted Due to COVID-19 Outbreak

A preliminary picture of the aftermath emerges with the global pandemic of COVID-19 causing an ongoing crisis, of late. Stay-at-home orders and full lockdowns that initially resulted in a sudden increase in the blockchain consumer footprints on the agricultural sector, culminating in many logistical challenges and then a normal sales drop. Market scenes of growth, distribution, sales, and import-export are thus largely hampered. The novel coronavirus epidemic has undoubtedly led to a slump in sales, not because of the scanty stock but because of the disconcerted production and distribution chains.

Who is Winning?

The key players in the global blockchain in agriculture market include BM (US), Microsoft (US), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (US), VeChain (China), Provenance (UK), ChainVine (UK), AgriDigital (Australia), and BlockGrain (Australia).

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Blockchain In Agriculture Market – Key Research Findings

The blockchain in agriculture market will surge at a remarkable CAGR of 41.0% between 2019 and 2029.
The large enterprises segment dominated the blockchain in the agriculture market.
The product traceability, tracking, and visibility segment held the largest share, and it is expected to remain dominant through the forecast period owing to factors such as an increase in investments for food safety and transparency along the supply chain and consumer demands for the knowledge of the provenance of food products.
North America accounts for the largest share of the global blockchain in the agricultural market owing to the presence of major companies such as IBM and Microsoft in the U.S.
Increasing investment from various stakeholders and government to support exploration and adoption of new technologies is expected to drive the blockchain in India’s agricultural market.

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Blockchain In Agriculture Market Taxonomy

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

Provider

Application and solution provider
Middleware provider
Infrastructure and protocol provider

Application

Product traceability, tracking, and visibility
Payment and settlement
Smart contracts
Governance, risk and compliance management

Organization size

Large enterprises
Small and medium-sized (SMEs) enterprises

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

Navigating the USD 1.7 Billion Non-Thermal Pasteurization Market: Meeting Demand for Safe, Tasty, and Additive-Free Processed Foods

By 2022, the market for non-thermal Pasteurization is projected to be worth USD 1.7 billion, growing at a CAGR of 3.2% between 2022 and 2032.
According to the report, rising concern for food safety with growing demand for processed food containing active ingredients and consumer preferences for tastier and additive-free food is the major reason for boosting up the demand. 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.
Non-thermal pasteurization techniques such as high pressure processing, pulse electric field, ultrasonic and others have helped companies to meet the growing demand of consumers by increasing the production capacity and reducing the time required to process food. The adoption of non-thermal processes is increasing as they ensure inactivation of microorganisms, food preservation, freshness, and longer shelf life.
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It includes in-depth insights into the non-thermal pasteurization market. Some of these are:

The estimated value of the market was at US$ 1.1 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth

North America region dominated the global non-thermal pasteurization market where as the Europe region held the second dominant position in the market
North America is dominates the non-thermal pasteurization market because of rising health consciousness among people related to food product
Europe has seen considerable growth as a result of increasing use of meat and beverage products in Spain, the U.K., and other nations, attracting numerous food companies to embrace non-thermal processing technology to manufacture safe and natural goods without added preservatives

As demand decreases and the coronavirus spreads, supply-chain disruptions are making the companies suffer. The non-thermal pasteurization market is negatively affected by coronavirus due to the lockdown. Prices are declining due to less export activity. Lowered production and dwindling sales in non-thermal pasteurization companies are expected to have adverse impact on the overall market. With worsening business sentiment and the widespread shutdown of production sites in key markets, the  non-thermal pasteurization market is likely to experience a sharp decline in revenue.
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Who is Winning?
Key players operating in the global non-thermal pasteurization market include Bosch, Emerson, Bühler, Hiperbaric España, Avure Technologies, Chic Freshertech, Elea Technology, Pulsemaster, Star, Dukane, Symbios Technologies, CHIC Foods Co. Ltd., Avure Technologies, Hormel Foods Corporation, Hain Celestial Group and American Pasteurization Company. In order to improve their market place on the global non-thermal pasteurization market, key players now concentrate on strategies such as product innovations, mergers & acquisitions, new technologies, joint ventures, collaborations and partnerships.

Non-Thermal Pasteurization Market by Category

By Technique:

High-Pressure Processing
Pulse Electric Field
Microwave Volumetric Heating
Ultrasonic, Irradiation

By Form:

Solid
Liquid

By Application:

Food and Beverages
Pharmaceuticals
Cosmetics

By Region:

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

About Future Market Insights (FMI)

Harnessing the USD 42.55 Billion Plant-Based Protein Market: Capitalize on Growing Global Demand for Sustainable and Vegetarian Foods

The plant-based protein market is poised for significant growth, with its size expected to increase from US$ 18.64 billion in 2024 to US$ 42.55 billion by 2034. During this period, a promising 8.6% CAGR in the demand for plant-based protein is projected to drive this expansion.

Vegetarian cuisine is becoming increasingly popular all around the world. This idea has spread beyond nations where people practice moral or spiritual abstinence from meat intake. Customers are consciously choosing plant-based food sources that are less harmful to the environment. This choice stems from concerns regarding the rise in the global carbon footprint caused by excessive consumption of animal-based food. Plant-based food consumption is now at an all-time high due to growing awareness of the benefits of ingesting protein.

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In addition to environmental concerns, consumers are actively looking for plant-based protein sources because of their proven health advantages. Furthermore, consuming more plant-based protein and less meat-based protein lowers the risk of type 2 diabetes, obesity, heart disease, hypertension, high cholesterol, and various malignancies.

Sources of plant-based protein are abundant in fiber. In addition to controlling blood sugar levels, fiber also helps control appetite. Furthermore, one of the niche food trends that is expanding rapidly is the “free-from” diet that excludes gluten and soy has emerged as the speedily expanding dietary trend due to its numerous health advantages.

Vegetarianism has gained popularity in highly developed regions like Europe and North America. Given the increasing lactose intolerance among consumers and a burgeoning vegan and vegetarian population, the plant-based protein market is also expanding continuously. Since plant-based proteins can mimic meat in flavor and texture, they are used as a meat substitute.

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Key Takeaways from the Plant-based Protein Market

Between 2019 and 2023, the plant-based protein industry recorded a CAGR of 8.2%.
The plant-based protein industry in the United Kingdom is estimated to witness prominent growth with a projected 13.2% CAGR from 2024 to 2034, driven by the increasing awareness of sustainable and healthy lifestyles.
Germany’s plant-based protein industry is projected to follow closely with an estimated 11.5% CAGR through 2034, attributed to the country’s strong emphasis on environmental consciousness.
The plant-based protein market in the United States is likely to show a significant 9.6% CAGR between 2024 and 2034, influenced by the increasing awareness of the environmental impact of traditional meat production.
China’s plant-based protein industry is likely to exhibit a 6.3% CAGR from 2024 to 2034, affected by an expanding middle class with an inclination toward healthier food options.
India’s plant-based protein industry is projected to develop at 5.4% CAGR through 2034, propelled by an increasing number of individuals adopting plant-centric diets for ethical reasons.

“Things are starting to look up in the continually developing field of plant-based proteins. Advances in cross-bred pea protein isolate, and the creative blending of rice and peas are two recent innovations that point toward varied, sustainable solutions. With customers seeking superior nutrition and being environmentally concerned, the plant-based protein market is likely to peak very soon.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Players and Strategies for Success in the Plant-based Protein Market:

Here are some key strategies that plant-based protein industry players employ for victory:

Emphasize diverse product offerings to satisfy consumer preferences
Invest in research and development for innovative plant-based protein sources
Collaborate with renowned nutritionists to enhance product appeal
Focus on sustainable supply chains to meet the growing demand for eco-friendly products
Establish strategic partnerships with key retailers for widespread market penetration
Leverage digital platforms for effective brand building and direct consumer engagement.

Key Plant-based Protein Market Players:

Glanbia Plc.
Archer-Daniels-Midland Co.
Cargill Incorporation
Kerry Inc.
Burcon Nutrascience Corporation
E.I. du Pont de Nemours & Co.
Royal Avebe UA
Cosucra Groupe Warcoing
Ingredion Inc.
Corbion, Tate & Lyle Plc.
CHS Inc.
Roquette Freres
AGT Food & Ingredients Inc.
Now Food

Recent Developments in the Plant-based Protein Market:

Beyond Meat introduced a new range of plant-based chicken strips and nuggets in April 2023. Pea and bean protein is used to make them all.
Roquette confirmed the introduction of two rice proteins into its current lineup in June 2022. With NUTRALYS® rice protein, Roquette is set to provide customers with a wholesome substitute protein.

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Key Segments in the Plant-based Protein Market Report

By Product Type:

Soy Protein
Wheat Protein
Pea Protein
Others

By Form:

Isolates
Concentrates
Hydrolysates

By Nature:

Organic
Conventional

By End Use:

Nutritional Products
- Sports Nutrition
- Medical Nutrition
- Infant Nutrition
Bakery
Ready-to-eat
Snacks & Cereals
Dairy
Confectionary and Dessert
Convenience Food
Beverages
Animal Feed
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Hydronic Underfloor Heating Market Size Projected to Reach USD 8,012.2 Million by 2033, with a CAGR of 6.2%

The hydronic underfloor heating market size is projected to cross USD 4,390.4 million in 2023 and is estimated to attain a valuation of USD 8,012.2 million by 2033. The hydronic underfloor heating market share is expected to thrive at a CAGR of 6.2% from 2023 to 2033.

Hydronic underfloor heating systems are renowned for being energy-efficient. They function by pumping warm water via pipes buried in the floor, which distributes heat equally across the space. Because it reduces temperature stratification in the room and prevents heat loss through ducts, this heating technology is more effective than conventional forced-air systems. Consumer interest in hydronic underfloor heating is rising as awareness of energy efficiency and sustainable living increases. This rising inclination is promoting market growth significantly.

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Hydronic underfloor heating systems are increasingly being used in both new construction and retrofit projects, which is a key factor driving the market rise. Builders, builders, and homeowners are beginning to acknowledge the value and long-term advantages of this heating alternative, which is increasing demand for and supply of such systems in the market. Furthermore, improvements in installation methods, control systems, and materials have made retrofitting simpler and more affordable, enticing current homeowners to consider replacing their heating systems.

Hydronic underfloor heating systems provide design freedom since they reside underneath the floor surface. Due to the absence of radiators or other visible heating components, homeowners and architects are given greater authority when designing interior spaces. Hydronic underfloor heating offers a practical heating solution while retaining a neat and uncluttered look, which is becoming increasingly popular with open-concept layouts and minimalist design trends.

The hydronic underfloor heating market is growing due to the increasing popularity of smart homes and home automation. These systems are simple to integrate with smart home technologies, enabling consumers to remotely manage and check on their heating using voice assistants or smartphone applications. Consumers that are into technology find hydronic underfloor heating systems more enticing due to the ease, energy management tools, and customization choices provided by smart home connectivity.

Key Takeaways from Hydronic Underfloor Heating Market:

In 2018, the global market size stood at US$ 3,701.6 million.
The market expanded at a CAGR of 3.5% from 2018 to 2022.
In 2022, the global market size stood at US$ 4,243.1 million.
The United States captured 21.0% of global market shares in 2022.
India captured 7.2% of global market shares in 2022.
China captured 6.9% of global market shares in 2022.
The United Kingdom captured 5.5% of global market shares in 2022.
The residential segment under application captured 34.2% of global market shares in 2022.
The new installations segment acquired 56.2% of global market shares in 2022.

Recent Developments Observed by FMI:

In October 2022, Warmup unveiled a low-profile hydronic underfloor heating series. Warmup seeks to enhance and simplify the underfloor heating specification process.
Advanced work packing and heat mapping features were added to AnVent Electric plc’s software in November 2021. It launched software with integrated heat management system (HMS) design capabilities incorporating the client’s 3D plant modeling systems.

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Top Key Players

Uponor Corporation
Honeywell International Inc.
Amuheat
REHAU AG
Eberle by Schneider Electric
Mitsubishi Electric Corporation
Robert Bosch GmbH
Danfoss
Warmup
H2O Heating Pty. Ltd.
Hunt Hunting
Hurlcon Hydronic Heating
Polypipe

Key Segmentation

By Facility:

New Buildings
Retrofit

By Application:

Residential
- Single-family
- Multi-family
Industrial
Commercial
- Education
- Healthcare
- Retail
- Logistics & Transportation
- Offices
- Hospitality
- Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Desiccant Wheels Market Anticipates Market Value of USD 683.2 Million by 2033, with a CAGR of 4.3%

According to Future Market Insights (FMI), the global desiccant wheel market was valued at USD 431.2 million back in the year 2022. The new market analysis report estimates the overall valuation to be nearly USD 448.4 million in the present year 2023. Further, the sales of desiccant wheels are predicted by this report to expand at a steady rate of 4.3% over the coming years. The overall market value could reach around USD 683.2 million by 2033.

The demand for desiccant wheels is growing promisingly due to the escalating requirement for quick moisture extraction in numerous labs and processing industries. Desiccant dehumidifiers are known for their capacity to be significantly more efficient and quick than the use of compressor-based dehumidifiers for the purpose. Additionally, many regulatory agencies have said that desiccant wheels, particularly silica gel, are safe for food and beverage processing facilities.

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Numerous businesses including electronics, chemicals, pharmaceuticals, food and beverages, and other sectors are also showcasing a significant increase in demand for desiccant wheels. During the anticipated period, desiccant wheel manufacturers are projected to witness ample expansion opportunities due to the expansion of such processing industries.

Desiccant wheels are also projected to become popular in the coming days because of increasing power costs and their portability advantage. Furthermore, the rapid infrastructure growth rate witnessed by several end-use industrial verticals is also driving the sales of desiccant wheels in the global market.

Key Takeaways from the Desiccant Wheel Market Study Report

The United States has surpassed all other regions as the leading user of desiccant wheels and held a revenue share of 15.1% in 2022.
With a market share of 6.2%, Japan is the leading country for the production of desiccant wheels in Asia Pacific region.
China is another leading contributor in Asia Pacific region and its sales of desiccant wheels could register a CAGR of 5.2% through 2033.
During the projected period, the sales of desiccant wheels in India are anticipated to develop at a high growth rate of 5.8%.
Back in 2022, the silica gel desiccant wheel segment dominated the overall market, accounting for 41% of all desiccant wheels sold worldwide. Because of its improved ability to absorb moisture, non-flammability, and significantly long lifespan, it is expected to remain the preferred product through 2033.
The ability of desiccant wheels to efficiently remove and maintain the moisture of storage spaces makes them a crucial component for pharmaceutical businesses. Consequently, the pharmaceutical application segment contributed to almost 35.2% of the total demand for desiccant wheels in 2022.

Competitive Landscape for the Desiccant Wheel Market Players

Due to the emergence of new global as well as regional manufacturers, the overall market is fragmenting and is getting extremely competitive day by day. Some of the leading firms with extensive distribution channels and brand recognition, however, still control a large portion of the market. The rivalry in the desiccant wheels industry is growing as a result of all the leading players outperforming one another by focusing on one or two metrics.

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Top Key Players

Munters
NovelAire Technologies
DRI
Trane
Rotor Source Inc.

Key Segmentations

By Type:

Silica Gel
Molecular Sieve
Activated Alumina
Others

By Application:

Pharmaceutical
Food Industries
Chemical
Electronics
Warehousing
Others

By Region:

North America
Europe
Asia Pacific
The Middle East and Africa
South 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 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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