Bagasse Tableware Products Market Set to Expand at a CAGR of 6.7% by 2032 | FMI Study

Bagasse Tableware Products Market
Bagasse Tableware Products Market

According to Future Market Insights, the global bagasse tableware products market is projected to reach US$ 3.0 Billion in 2023. Furthermore, overall bagasse tableware product sales are likely to increase at 6.4% CAGR during the forecast period, reaching US$ 5.2 Billion by 2032.

This growth is driven by increasing consumer demand for sustainable and eco-friendly products as awareness about environmental issues rises. Bagasse, a by-product of sugarcane processing, is gaining traction due to its biodegradable nature and minimal environmental impact compared to traditional plastic tableware. Additionally, stringent regulations and policies aimed at reducing plastic waste are encouraging the adoption of biodegradable alternatives.

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The shift towards sustainable dining solutions in both commercial and residential sectors further supports market expansion. Innovations in bagasse-based tableware, including improved product design and functionality, are also contributing to market growth. As consumers and businesses alike seek greener alternatives to traditional packaging materials, the bagasse tableware segment is well-positioned to capture a growing share of the market, aligning with broader trends towards environmental responsibility and sustainability.

Key Takeaways from Bagasse Tableware Products Market

  • Based on product type, the plates category is projected to offer a growth opportunity of US$ 906.4 Mn during 2023-2032.
  • By sales channel, the online segment is anticipated to expand at a CAGR of 6% during the forecast period (2023-2032).
  • By end use, the quick service restaurants subsegment of commercial end use segment is estimated to hold around 42% of the market value share by the end of 2032. Th
  • South Asia and Europe are expected to collectively hold around 61% of the market value share by the end of 2032.
  • Germany’s bagasse tableware products market is predicted to grow 1x the current market value during the assessment period.
  • The bagasse tableware products market in India is projected to expand at a CAGR of 2% between 2023 and 2032.

 “The increased demand for environmentally friendly packaging solutions in the food service industries is estimated to supplement the sales of bagasse packaging including bagasse tableware products during the forecast period,” says an FMI analyst.

Preference for Eco-Friendly and Single-Use Products Driving Demand for Bagasse Tableware Products

The most affordable and widely accessible packing materials are plastic and Styrofoam, but they are not eco-friendly. Bagasse is one of the greenest solutions and is used to manufacture a variety of serving and packaging items for food. As a result of its outstanding thermal qualities, bagasse tableware products are increasingly becoming popular among environmentally conscious consumers and businesses in the foodservice industry.

The market for bagasse tableware products has increased as a result of their environmental sustainability. The popularity of bagasse tableware products is growing rapidly due to changing consumer preference towards single-use, easily biodegradable, and disposable products.

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Consumers are worried about cleanliness, hygiene, and health. Bagasse tableware products preserve food quality while protecting it from contamination and outside pollution. Due to consumers’ preference for the safest, most efficient, and most convenient packaging options, various end use sectors such as restaurants, and hotels are shifting their preference towards single-use bagasse packaging solutions. Consequently, the market for bagasse tableware products will rise as consumer preferences for eco-friendly and single-use packaging increase.

Who is Winning?

Pactiv Evergreen Inc., Dart Container Corporation, Duni AB, Genpak, LLC, Detpak (Detmold Group), and Karat by Lollicup are the key players operating in the bagasse tableware products market. Furthermore, some of the other noticeable players include Vegware US, GreenGood USA, Greenweimo, Shenzhen Zhiben Technology Group Co., Ltd., Jinhua Zhongsheng Fiber Products Co., Ltd, Pappco Greenware, Ecoriti, Bio Futura B.V., and others. The tier 1 players in the market hold 25-30% of the global bagasse tableware products market.

Bagasse Tableware Products Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global bagasse tableware products market, analyzing historical demand from 2017-2022 and forecast statistics for 2023-2032.

The study reveals market growth projections on the bagasse tableware products market based on product type (plates (less than 8 inches, 8 inches to 12 inches, and more than 12 inches), bowls & containers (less than 12 Oz, 12 Oz to 16 Oz, and more than 16 Oz), Cups (less than 6 Oz, 6 Oz to 12 Oz, and more than 12 Oz), trays (less than 8 inches, 8 inches to 12 inches, and more than 12 inches), clamshells (less than 8 inches, 8 inches to 12 inches, and more than 12 inches), end caps, drink carriers, straw, and cutlery (spoons, fork, knife & spork), lamination (laminated and non-laminated), application (food (fruits & vegetables, processed food, ready-to-eat meals, bakery & confectionery, cereals, dairy, and others food products) and beverages), sales channel (manufacturers (direct sales), retail (hypermarket, supermarket, convenience stores, specialty stores), distributors, and online), and end-use (commercial use (hotels & cafes, full service restaurants, quick service restaurants, venues & catering, mobile food vendors, and bakery & patisserie), institutional use (schools & colleges, offices, hospitals, and airports & railways) and household use) across seven regions.

Global Bagasse Tableware Products Market by Category

By Product Type:

  • Plates
    • Less than 8 inches
    • 8 inches to 12 inches
    • More than 12 inches
  • Bowls & Containers
    • Less than 12 Oz
    • 12 Oz to 16 Oz
    • More than 16 Oz
  • Cups
    • Less than 6 Oz
    • 6 Oz to 12 Oz
    • More than 12 Oz
  • Trays
    • Less than 8 inches
    • 8 inches to 12 inches
    • More than 12 inches
    • Clamshells
    • Less than 8 inches
    • 8 inches to 12 inches
    • More than 12 inches
  • End Caps
  • Drink Carriers
  • Straw
  • Cutlery (Spoons, Fork, Knife & Spork)

By Lamination:

  • Laminated
  • Non-Laminated

By Sales Channel:

  • Manufacturers (Direct Sales)
  • Retail
    • Hypermarket
    • Supermarket
    • Convenience Store
    • Specialty Stores
  • Distributors
  • Online

By Application:

  • Food
    • Fruits & Vegetables
    • Processed Food
    • Ready-to-eat meals
    • Bakery & Confectionery
    • Cereals
    • Dairy
    • Others Food Products
  • Beverages

About Future Market Insights Inc. (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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Period Balm Market: Finding Relief and Soaring at a CAGR of 4.7% by 2033

The period balm market is experiencing a surge in popularity, with its size expected to reach US$ 5.8 billion by 2033, up from US$ 3.7 billion in 2023. This translates to a steady growth rate of 4.7% annually. Notably, period balm currently holds a significant share of 30-40% within the broader topical pain relief market.

Why do Women Prefer Period Balm Roller Stick Rapidly?

Several factors are attributed to the increased demand for period balm roller sticks. These factors are as follows:

  • Ease of Application: Women are increasingly adopting roller sticks due to their mess-free and convenient method. It controls and targets specific areas, such as the abdomen and lower back, to reduce menstruation discomfort.
  • Portable and Discreet: The roller sticks are portable, compact, and easy to carry in bags, purses, and pockets. The manufacturers offer customized and discreetly designed roller sticks to enhance consumers’ experiences.

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  • Clean and Hygienic: Roller sticks promote cleanliness and hygiene. These roller sticks contain balm that reduces the risk of contamination and bot-exposed external elements.
  • Precise Dosage Control: The roller sticks allow users to apply the desired amount of balm without wasting the quantity. These precise dosage controls enhance consumers’ experiences more effectively.
  • Cooling and Warming Sensation: A few period balm stick rollers incorporate ingredients that produce a warm or cooling sensation. This additional relief helps from the period’s discomfort and enhances soothing experiences.

These are a few factors that rapidly prefer the demand for period balm stick rollers.

Key Takeaways:

  • The period balm market is estimated to secure a CAGR of 4.7% with a valuation of US$ 5.8 billion during the forecast period.
  • In the historical period, the market captured a valuation of US$ 3.5 billion in 2022 with a CAGR of 4% between 2018 and 2022.
  • The United States dominate the global market by capturing a maximum share of 31.6% by 2033.
  • With a share of 6.9%, Germany is significantly driving the global market during the forecast period.
  • Japan is predicted to secure a share of 5.1% in the global market during the forecast period.

Key Players:

  • Lhamour
  • Earth Mama Organics
  • Red Moon Herbs
  • Moon Mother Hemp Company
  • LENA
  • GladRags
  • Rosebud Woman

How are Key Players Bringing Lucrative Growth in the Global Market?

The market is highly consolidated by the number of essential players globally. The key players heavily invest in research and development activities to develop innovative and improved products with better technologies. These players are trying to design and improve their products to attract consumers and boost sales volume.

The key players are adopting various marketing methodologies to fuel the global market at another level. These marketing methodologies include mergers, acquisitions, partnerships, and agreements.

These players advertise and market their products in online retailers, offline retailers, social media platforms, etc. They promote their brands to reach more relevant audiences through exhibitions, trade shows, podcasts, and seminars. Through their efforts and dedication, the market is estimated to expand its global reach during the forecast period.

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Recent Developments in the Global Market are:

Earth Mama Organics announced its newly launched natural period balms by adding eco-friendly ingredients. The company promote hygiene by focusing on sustainability

Period Balm Market by Category

By Product Type:

  • Roller Stick
  • Gel

By Mode of Prescription:

  • Over-the-Counter
  • Prescription

By Sales Channel:

  • Direct Sales
  • Specialty Stores
  • Pharmacy / Drug Stores
  • Departmental Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Prebiotic Ingredient Market Forecast: Doubling Demand to USD 3,763 Million by 2034

Prebiotic Ingredient Market

The global prebiotic ingredients market size is estimated to expand from USD 7,215 million in 2024 to USD 13,763 million by 2034. Global prebiotic ingredient sales are projected to soar at 6.7% CAGR over the next ten years.

some of the popular products that are expected to contribute to the growth of the global prebiotic ingredients market are Prebiotics for weight loss, prebiotic side effects, prebiotics ingredients for men, prebiotics in food, prebiotics ingredients for weight loss, prebiotics supplements, prebiotic ingredients for diarrhea, and kefir. Prebiotic ingredients are a type of dietary fiber that promotes the growth of beneficial bacteria in the digestive tract, resulting in a healthy digestive system.

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Processed foods are being consumed in large quantities as they become more popular in order to maintain the healthy gut that friendly bacteria require. Prebiotic ingredients are essential for encouraging the growth of beneficial bacteria. The bakery and confectionery industries use the most emulsifiers, while the meat market is a growing market segment.

The rising preference for plant-based products is expected to benefit the prebiotics market. Compounds of prebiotic fiber are both pH and heat-stable. The numerous benefits of prebiotics have increased their demand in the end-use industry and are expected to propel the prebiotics market forward.

  • Key Takeaways from Prebiotic Ingredient Market Projections (2024 to 2034):
  • Global Health Focus: Increasing health consciousness globally is fueling the demand for prebiotic ingredients, with notable growth anticipated in key markets.
  • Transatlantic Consistency: The United States and the United Kingdom are both expected to experience a steady market growth, with CAGRs of 10.5% and 10% respectively, showcasing a parallel commitment to incorporating prebiotics into dietary choices.
  • German Wellness Uptick: Germany, known for its emphasis on wellness, is poised for a 9.5% CAGR in the prebiotic ingredient market, underlining a sustained interest in health-conscious products.
  • Asian Potential: India and China, with CAGRs of 10.5% and 9.2% respectively, are emerging as significant players in the prebiotic market. The growing interest in gut health supplements indicates a shift towards proactive health management in these nations.
  • Diverse Growth Dynamics: Each country exhibits unique growth dynamics, influenced by factors like cultural preferences, dietary habits, and health awareness. Tailored strategies will be crucial for market success in each region.
  • Global Market Synergy: The collective CAGR trends suggest a harmonized global shift towards prioritizing digestive health, emphasizing a shared belief in the benefits of prebiotic ingredients across diverse populations.

Competitive Landscape

Market players have used a variety of strategies to stay ahead of the competition and expand their market footprint, including mergers, acquisitions, partnerships, and new product development, among others, to stay ahead of the competition and expand their market footprint.

  • In May 2020, FrieslandCampina N.V. launched Biotis GOS, a galactooligosaccharide prebiotic, and to promote it, it launched Biotis, a health benefit forum that allowed consumers to seek various health benefit pieces of advice such as gut health.

Major players in the global prebiotic ingredients market include BENEO, Cargill, DuPont, FrieslandCampina, Tereos SA, Ingredion Inc., Carbiotix, Evolve Biosystems, BioNeutra, and Stratum Nutrition, among others.

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Explore More Valuable Insights

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

The study offers compelling insights based on ingredients (Fructo-oligosaccharide, Mannan- oligosaccharide, Galacto- oligosaccharide, Inulin, Other) application (Clinical Nutrition, Dietary Ingredients, Functional Food & Beverages, Dairy Products, Infant Formula, Breakfast Cereal, Meat Products, Animal Nutrition, Pet Food) source (Vegetables, Cereals, Roots, Others) region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East & Africa).

About Future Market Insights (FMI)

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

 Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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Rising Urbanization and Trade Worldwide to Boost the IBC Rental Business Market at a CAGR of 6.5% Through 2034 | Future Market Insights Inc.

IBC Rental Business Market
IBC Rental Business Market

According to Future Market Insights (FMI), the IBC rental business market is anticipated to be valued at US$ 1,359.7 million in 2024. The market value is projected to reach US$ 2,545.3 million by 2034, expanding at a 6.5% CAGR from 2024 to 2034.

The IBC rental business market is rising due to global trade’s focus on sustainability and environmental responsibility. The reusable nature of IBCs appeals to businesses seeking to minimize their carbon footprint and reduce waste. IBCs can be reused multiple times, eliminating the need for single-use packaging and aligning with the growing demand for eco-friendly solutions.

IBCs, known for their versatility and secure transportation capabilities, are preferred in optimizing logistics operations within the global trade landscape. IBC rentals offer a cost-effective solution for companies to adapt to fluctuating demand without significant capital investments, optimizing overall costs.

The IBC rental business market is experiencing growth due to increased international trade and globalization. As economies become interconnected and trade barriers are reduced, demand for efficient packaging and storage solutions grows, making IBCs a preferred choice for containerized transportation and storage.

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Key Takeaways from the Global IBC Rental Business Market:

  • Based on end-use, the personal care & cosmetics segment is expected to rise at 8.5% CAGR by 2034.
  • China’s IBC rental business industry is expected to surge at a CAGR of 8.5% from 2024 to 2034.
  • India’s IBC rental business market is predicted to grow at a CAGR of 9.7% from 2024 to 2034.
  • Based on material, the plastic IBC segment is projected to grow at 8.1% CAGR by 2034.
  • The IBC rental business market is anticipated to be valued at US$ 1,359.7 million in 2024.

“Intermediate bulk containers (IBCs) provide flexibility in transportation modes, allowing companies to choose the most suitable mode based on cost, speed, and accessibility. They enhance international trade by optimizing space utilization, maximizing cargo capacity, and reducing shipping costs in shipping containers and warehouses.”- Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

 Competitive Landscape

Good Pack Ltd, Hoover Ferguson Group, Inc., Precision IBC Inc., Hoyer Group, TPS Rental Systems, Brambles Ltd (Chep Ltd), Schoeller Allibert B.V., Arlington Packaging Ltd, and Arena Products Inc. are the leading players in the market. Tier 1 players in the market hold 35 to 45% of the overall IBC rental business market.

Key players are also incorporating IoT technology for real-time monitoring, offering specialized services, and renting IBCs. Recent activities and developments implemented by leading players in the market are:

  • In May 2023, Hoyers GMBH expanded its semi-automatic cleaning facilities for intermediate bulk containers at its Mannheim site to enhance efficiency and reduce throughput times.
  • In 2023, AmeriCold Realty Trust, Inc. expanded its IBC rental capabilities through strategic partnerships, providing comprehensive logistics solutions to the food and beverage industry.

Key Players in the Rental IBC Market:

  • Good Pack Ltd.
  • Hoover Ferguson Group, Inc.
  • Precision IBC Inc.
  • Hoyer Group
  • TPS Rental Systems
  • Brambles Ltd (Chep Ltd.)
  • Schoeller Allibert B.V.
  • Arlington Packaging Ltd.
  • Arena Products Inc.

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Global IBC Rental Business Market Report:

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global IBC rental business market, analyzing historical demand from 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals market growth projections on material (plastic IBC, composite IBC, and metal IBC), capacity (standard 1,040 liters, standard 1,250 liters, and other customized capacities), end-use (oil & lubricants, chemicals, food, beverages, pharmaceuticals, personal care & cosmetics, and other industrial), and region.

Global IBC Rental Business Market Segmentation by Category

By Material:

  • Plastic IBC
  • Composite IBC
  • Metal IBC
    • Stainless Steel IBC
    • Carbon Steel IBC

By Capacity:

  • Standard 1,040 Liters (275 US Gal)
  • Standard 1,250 Liters (330 US Gal)
  • Other Customized Capacities

By End-use:

  • Oil & Lubricants
  • Chemicals
  • Food
  • Beverages
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Other Industrial

By Region:

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

About Future Market Insights Inc. (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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Disposable Lids Market Projected to Grow at a CAGR of 4.5% by 2033 Driven by Increased Foodservice Needs

Disposable Lids Market
Disposable Lids Market

The disposable lids market is expected to reach a valuation of US$ 5 billion by 2033, according to a new analysis published by Future Market Insights (FMI). The market is predicted to grow at a CAGR of 4.5% during the forecast period. It is anticipated that the market would grow to US$ 3.2 billion in 2023.

This growth is driven by increasing consumer preference for convenience and hygiene in food and beverage packaging. The demand for disposable lids is rising in response to the growing takeout and delivery food services, as well as a surge in on-the-go consumption trends. Technological advancements in lid design and materials are enhancing product functionality and sustainability, further propelling market growth.

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Additionally, the emphasis on single-use packaging solutions due to busy lifestyles and urbanization supports the increased adoption of disposable lids. Regulatory pressures for improved food safety and hygiene are also contributing to market expansion by encouraging the use of disposable packaging solutions. As sustainability remains a key focus, innovations in biodegradable and recyclable materials are expected to drive future market trends and opportunities.

Top Highlights from the FMI’s Analysis of the Disposable Lids Market: 

  • North America disposable lids industry is expected to hold 23.8% of the overall market share.
  • From 2023 to 2033, Asia Pacific market is anticipated to notably grow owing to the thriving food service sector and the strong purchasing power of the inhabitants.
  • Plastic material is expected to occupy 73.2% of the disposable lids industry in the years to come. The high prevalence of plastic lids is one of the primary factors propelling segment growth.
  • Disposable lids find extensive application in cups and are expected to continue with the trend over the upcoming years.
  • The offline segment is projected to seize a large share of the market over the forecast period. End users prefer to buy disposable lids in abundant quantities from the offline route for their business. As a result, the segment is expected to thrive in the upcoming years.

Key Players:

  • Berry Global Inc.
  • Huhtamaki Oyj
  • Greiner Packaging International GmbH
  • Dart Container Corporation
  • Pactiv LLC
  • Genpak, LLC
  • Cambro
  • Carlisle FoodService Products Inc

Market News to Keep Up-to-date with Present Developments:

  • In October 2021, Metsä Board and The Paper Lid Company, a Finnish startup, came into a long-term collaboration. This collaboration led to the introduction of a 100% recyclable paperboard lid. This is a remarkable feat by both of these companies, who have transformed the future of takeaway beverage cups in its true sense. The resulting beverage cup lids are sustainable and functional. The lid also has a great potential for branding as the paperboard is easy to emboss with lettering and logos, as opposed to the expensive route plastic lids take.
  • In February 2023, Liplid, a Stockholm-based firm that develops sustainable and unique cup lids for beverages on the go, announced a new drinking experience. The company aims to provide a safe, best, and most pleasant way to drink on the go. The lid is a functional solution catering to the rising demand for alternatives in light of the widespread ban being implemented on single-use plastics.

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Disposable Lids Market by Category

By Material :

  • Paper
  • Plastic
  • Polyethylene(PE)
  • Polypropylene(PP)
  • Polyethylene terephthalate (PET)
  • Polystyrene(PS)
  • Poly Lactic Acid(PLA)
  • Others(PHA, Starch blends)

By Application :

  • Cups
  • Trays
  • Containers
  • Tumblers
  • Buckets & Tubs
  • Bowls

By Product :

  • Fully Closed
  • Directly Drinkable
  • Indirectly Drinkable

By End Use :

  • Online Food Retail
  • Household
  • Institutional

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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Invertase Market to Grow at 5.3% CAGR, Reaching USD 101 Million by 2033 on Rising Demand in Food Industry

Invertase Market
Invertase Market

According to Future Market Insights research, during the projected period, the Invertase market is expected to grow at a CAGR of 5.30%. The market value is projected to increase from US$ 60.2 million in 2023 to US$ 101.0 million by 2033. The Invertase market was valued at US$ 57.6 million at the end of 2021 and is anticipated to exhibit a CAGR growth of 4.60% from 2016 to 2021.

The invertase market is witnessing steady growth due to its versatile applications in the food and beverage industry. As a crucial enzyme, invertase plays a pivotal role in converting sucrose into glucose and fructose, enhancing the flavor and texture of various products like confectioneries, syrups, and baked goods. The rising consumer demand for innovative and indulgent treats fuels the demand for invertase.

Enzymes are complex molecules that act as bio-catalyst to enhance the metabolic reactions in living cells. Invertase, which is also known as beta-fructofuranosidase is a carbohydrate enzyme that helps in digestion. Invertase is obtained from a strain of Saccharomyces cerevisiae, also known as baker’s yeast. Invertase helps to split sucrose into two components, fructose, and glucose. It can be used in combination with other enzymes or individually after its purification process.

When in combination, it helps to improve the digestion of sugar, starch and other form of carbohydrates. It is abundantly available either from microorganisms or plant sources.  Invertase offers widespread application. It not only helps to boost the immune function and act as an antioxidant in humans but also helps to regulate the osmosis and defense mechanism in plants. Moreover, being naturally obtained, it is the preferred choice among food manufacturers to serve natural ingredients in food preparation.

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Global Invertase Market: Drivers and Restraints

Breakthrough progress has been made in enhancing the functional analysis of the various enzymes and their characteristics. Thus supporting the growth of the invertase market. Invertase is widely used as a food additive and is frequently used as invert sugar in the processing of candies and commercial baking due to its ability to hold moisture for a prolonged period of time. Being hygroscopic in nature it is further used in the production of crystallizable syrup known as inverted syrup. Furthermore, invertase helps in the production of alcohols, glycerol, and lactic acid as it aids in the fermentation process of sucrose.

Hence, with rising demand for innovative products among consumers, particularly related to the food & beverages industry, the market for invertase enzymes seems to record opportunistic growth. Apart from this application, invertase is also used to improve digestion, rejuvenate the immune system, provide antioxidant support, and help to combat cancer. Moreover, invertase has the ability to remain active within a wide range of pH. Thereby, increasing its applicability in the pharmaceutical industries. Hence, widespread applications contribute to the significant growth of the invertase market.

However, invertase enzymes may cause certain side effects such as nausea, diarrhea, and headache. Moreover, it may lead to diabetes, therefore, products involving the usage of invertase enzyme, are not recommended for diabetic patients. Hence, may hamper the growth of invertase market for regions having higher diabetic population. Moreover, the coupling of enzymes is subjected to relatively high cost. Hence, this may affects its applicability across various sectors, thereby, retraining the growth of invertase market.

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Global Invertase Market: Region-wise Outlook

The global invertase market is categorized into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan Latin America and North America. With increasing demand for versatility in food & beverages products among consumers, manufacturers are continuously investing upon the ingredients that enhance the product efficacy and quality. Asia Pacific region represents a promising market for invertase market as, this region provides opportunistic platform for research and development. North America accounts for major market share as consumers are favouring products that are naturally obtained and invertase being abundantly available in nature form, hence, manufacturers are utilizing its properties for various food products innovations.

Global Invertase Market:  Key Players

Some of the key players identified in the global invertase market includes:

  • Sigma-Aldrich Co. LLC.
  • Koninklijke DSM N.V.
  • Parchem fine & specialty chemicals
  • SternEnzym GmbH & Co. KG
  • Kerry Inc.
  • Meteoric Exim Private Limited
  • MP Biomedicals, LLC.
  • BIO-CAT
  • Megazyme Inc.

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
  • Eastern Europe (Russia, Poland)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Invertase Market: Segmentation

On the basis of industry, the invertase market is segmented into:-

  • Food & Beverages
  • Pharmaceuticals
  • Personal Care
  • Others

On the basis of source, the invertase market is segmented into:-

  • Plant
  • Microorganisms

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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.

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Dried Soup Market Projected to Grow at 7.9% Annually, Hitting USD 4.5 Billion by 2033, Says FMI

Dried Soup Market

From 2023 to 2033, the dried soup market is expected to grow at an excellent 7.9% CAGR, outpacing the 1.4% CAGR observed between 2018 and 2022. The market value of dried soup increased from US$ 2.1 billion in 2023 to US$ 4.5 billion by 2033, indicating a notable increase in demand.

The need for quick eating options and a fast-paced lifestyle have led to a rise in the global demand for ready-to-eat foods. The development of value-added, organic, gluten-free dry soups, increased availability through various retail channels, creative packaging, and marketing campaigns are all contributing to the growth of the dried soup market.

Due to their ease and nutritious benefits, dried soups are a favorite among the working class. Due to rising disposable income, rising demand for ready meals, and the addition of wholesome components, the industry is anticipated to expand. Growth is hampered by worries about preservatives, but opportunities are presented by organic soups and product developments.

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The market for dried soup is expanding due to rising demand for quick meals and healthy eating practices. Growth is being fueled by gluten-free and organic choices, although concerns about the high levels of maize and salt may deter customers.

Key Takeaways

  • The market for dry soup in India is anticipated to expand significantly due to the nation’s predicted 7.6% CAGR by 2033.
  • The market for dry soup in the United Kingdom is anticipated to continue growing steadily, with a 6% CAGR predicted by 2033.
  • China’s predicted 6.7% CAGR by 2033, the dried soup industry in China is expected to flourish.
  • The dried soup market in Australia is anticipated to grow moderately, with a CAGR of 1.2% by 2033.
  • The market for dry soup in Japan is anticipated to expand gradually because of the country’s predicted 4.7% CAGR by 2033.

Competitive Landscape

A wide variety of competitors, including global corporations, local businesses, and specialized producers, characterize the dried soup market. The market is dominated by major international companies like Nestlé, Unilever, Campbell Soup Company, and Knorr, thanks to their broad product lines and well-known brands.

Regional players are essential in the dry soup industry as well, particularly in their home regions. By providing regional specialties and traditional flavors, these players concentrate on appealing to local preferences and tastes. To achieve greater market penetration, they frequently form strong ties with regional distributors and merchants.

Additional variables that affect the competitive environment include price tactics, product quality, innovative packaging, and promotional activities. To remain competitive in the market, businesses always work to offer new flavors, refine product compositions, and improve packaging designs.

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Dried Soup Market by Category

By Product, the Dried Soup Market is Segmented as:

  • Dehydrated Dried Soups
  • Instant Dried Soups

By Packaging, Dried Soup Market is Segmented as:

  • Pouches
  • Cups
  • Boxes

By Sales Channel, Dried Soup Market is Segmented as:

  • HORECA
  • Modern Trade
  • Convenience Stores
  • Online Stores
  • Others

By Region, Dried Soup Market is Segmented as:

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

Recent Developments

  • In introducing new flavors and product variants, Knorr has concentrated on adapting to changing consumer tastes. They have created a selection of dried soups to accommodate various nutritional needs, including vegetarian, vegan, and gluten-free alternatives. With the aid of this tactic, Knorr has been able to expand its customer base and satisfy the rising demand for specialty food items.
  • Knorr has focused on altering its products to accommodate shifting consumer preferences by producing new flavors and product variations. To meet different dietary requirements, they have developed a variety of dried soups, including gluten-free, vegetarian, and vegan options. This strategy has allowed Knorr to increase its consumer base and meet the growing demand for gourmet foods.

About Future Market Insights (FMI)

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

 Contact Us:

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Projected Surge in the Chlorophyll Color Market to USD 370.3 Million by 2033, Anchored by an Impressive 9.0% CAGR

The chlorophyll color market is projected to experience significant growth, with an estimated value of USD 151 million in 2023, expected to reach USD 370.3 million by 2033 at a CAGR of 9.0%.

The demand for shelf-stable food color is increasing due to temperature, moisture control, light exposure, and color variation, which significantly impact a food product’s shelf life. As food manufacturers strive to achieve desired colors using natural ingredients, the adoption of chlorophyll color is expected to rise.

The rising demand for natural and plant-based food ingredients is also contributing to the market’s expansion. The increasing trend of veganism worldwide has led to a surge in demand for plant-based ingredients and natural products. Moreover, food manufacturers’ launch of allergen-free products further fuels the demand for natural food colors.

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The implementation of stringent regulations plays a crucial role in chlorophyll color sales. Government organizations and regulatory agencies heavily influence the food color market through rules and regulations.

Changes in rules, such as the EU rule EC No. 1333/2008 on food additives, led to the substitution of chlorophyll in ice cream. Chlorophyll is no longer permitted for use in ice cream. These evolving norms and regulations can impact the industry positively.

The chlorophyll color market is experiencing significant growth in different regions. In North America, the United States hold a market share of 32.7% in 2022, driven by the increasing demand for processed food and the application of chlorophyll color in bakery products.

Germany leads the market in EMEAI, accounting for US$ 8.7 million in 2021 and capturing 10.0% of the value share in 2022. The demand for premium pet food and the willingness of consumers to pay more for quality products are driving growth in Germany.

Conventional chlorophyll color holds a substantial share of 74.30% in the global market due to its established methods and consumer preference for familiar products.

The beverage industry is a key driver for sales, with a share of over 24.0% in 2022, driven by the increasing demand for natural food ingredients. The candy/confectionary segment is also expected to witness high growth in the market.

Competitive Landscape

Leading food companies widely utilize chlorophyll color to fulfill the increased need for components from natural resources. Furthermore, market participants are implementing techniques that allow them to grow their network and reach numerous consumers.

  • Symrise AG, a flavor and fragrance manufacturer, revealed its comprehensive variety of Diana food blueberry components and active compounds in June 2022. Like other items in the natural component range, it has various qualities and performance benefits. Competitiveness, diverse organoleptic qualities, application-specific high-quality criteria such as infant food, distinct certification such as organic, and the possibility to claim health advantages are among them.
  • DDW bought DuPont Natural Colours, part of DuPont’s Nutrition & Biosciences group, in 2019. As a result of the acquisition, DDW’s global presence as a provider of natural color solutions for the food and beverage industries can be enhanced. Along with technical and manufacturing capabilities in several vital natural colors.

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Chlorophyll Color Market Segmentation

By Nature:

  • Organic
  • Conventional

By Application:

  • Beverage
  • Bakery, Snacks, & Cereal
  • Candy / Confectionery
  • Dairy
  • Fruit Preparations / Fillings
  • Meat, Poultry, Fish, & Eggs
  • Potatoes, Pasta, & Rice
  • Sauces, Soups, & Dressings
  • Seasonings
  • Pet Food

By Region:

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

About Future Market Insights (FMI)

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

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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Energy Gel Product Market Set to Achieve 7.6% CAGR, Targeting USD 1.41 Billion by 2034

The energy gel product market is evaluated to be sized at US$ 684.54 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a promising clip, registering a CAGR of 7.6%. By 2034, the energy gel product market is anticipated to have reached US$ 1,412.23 million.

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Growing Factor:

The sustained domination of the fruit flavour category, driven by different growth tactics across the energy gel market chain, is a key growth contributor. Furthermore, the chocolate segment’s ascent at a solid CAGR of 8.7% reflects its considerable market share and ongoing demand. These factors, combined with favourable regional dynamics in North America, Western Europe, Latin America, and Asia Pacific, contribute to the market’s rapid expansion.

“Popularity of energy gels among sports and fitness enthusiasts propel the global growth of the energy gel products market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Prevailing diet and fitness trends will strengthen the overall market prospects.
  • The fruit flavor segment is expected to generate a demand of US$ 592.2 Bn.
  • Orange fruit flavor subsegment will observe a 2x increase in valuation.
  • The chocolate segment will generate lucrative opportunities for growth.
  • The energy gel products market in North America will grow at 8.5% CAGR.
  • The energy gel products market in Japan will grow due to their high popularity and availability of a variety of products.
  • Health and fitness trends will drive the target market in the U.K.

Competitive Landscape

Advanced Food Concepts, Inc., Nutrition Works Ltd., Boom Nutrition Inc., Clif Bar & Company, EN-R-G Foods, LLC, Gatorade Company, Inc., Hammer Nutrition Ltd., Powerbar Inc., Zipvit Ltd., and Scientific Sports Nutrition (Pty) Ltd. among others are some of the major players in the energy gel products market profiled in the full version of the report.

Leading market players are focusing on strengthening their market position and their distribution channels by adopting various strategies like mergers and acquisitions. These enterprises are keen on developing their product lines, releasing new products, and expanding their capacity to gain a competitive edge.

According to the latest FMI reports, based on segmentation, the chocolate flavor segment is expected to grow at a CAGR of 8.7% while the orange fruit flavor segment will demonstrate a 2x increase during 2022–2032. In general, the fruit flavor segment is likely to dominate the energy gel products market, accounting for a demand of over US$ 592.2 Bn during the forecast period.

Based on region, the energy gel products market in North America is anticipated to present considerable growth due to the high awareness of health and fitness. The escalating number of sports enthusiasts in the United States further aids the growth of the energy gel products market in North America. The region, hence, dominates the market in the global space with a high CAGR of 8.5%. China, Japan, and the United Kingdom are some other countries that will exhibit notable growth during the forecast period.

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Energy Gel Products Market by Category-

By Flavour Type, Energy Gel Products Market is Segmented as:

  • Fruit
  • Orange
  • Strawberry
  • Raspberry
  • Lemon
  • Vanilla
  • Chocolate
  • Others

By Distribution Channel, Energy Gel Products Market is Segmented as :

  • Supermarket/hypermarket
  • Specialty Store
  • Online Store
  • Others

About Future Market Insights (FMI)

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

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Combat Boots Market, Expected to Grow at a Significant CAGR of 3.8% by 2033

The combat boots market is expected to grow from US$ 1,816.8 million in 2023 to US$ 2,638.1 million by 2033, at a CAGR of 3.8%. In other words, the market is projected to increase in value by nearly US$ 821 million over the next decade. This signifies a steady growth in demand for combat boots.

Military Might Meets Social Buzz: A Look at the Combat Boots Market

The demand for combat boots is marching forward, driven by a potent mix of functionality, military personnel growth, and the savvy use of social media marketing. Here’s a breakdown of the key factors propelling this market:

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  • Built to Last: Essential Gear for Warriors and Adventurers Law enforcement officers, firefighters, and explorers in harsh environments all rely on combat boots. These boots are rigorously tested to withstand wear and tear, offering superior stability, ankle support, and foot protection in challenging conditions.

  • Troop Strength Translates to Market Strength With military presence expected to rise, the demand for combat boots follows suit. Data suggests a potential increase in the number of soldiers deployed, leading to higher sales and market expansion. Remember, these boots are worn for training and combat, not just parades.

  • Social Media: A Powerful Tool for Reaching Target Customers The rise of social media users presents a golden opportunity for combat boot manufacturers. Leading companies are leveraging these platforms to promote their products and raise brand awareness among their target markets.

  • Spreading the Word Through Social Channels Social media marketing is a game-changer, allowing combat boot companies to directly connect with potential customers and educate them about their offerings. This targeted approach is expected to fuel demand throughout the forecast period.

A Hurdle to Consider: The Counterfeit Threat

However, the combat boots market faces a challenge: counterfeit brands. The high price point of established names like Nike, Adidas, and Puma creates an opening for cheaper knock-offs, especially in price-sensitive emerging economies. This can limit sales for legitimate companies and hinder market growth.

Despite this obstacle, the future of the combat boots market appears bright. With its focus on functionality, military expansion, and innovative marketing strategies, this market is well-positioned for continued growth.

Key Takeaways

China’s combat boots market is projected to expand at a considerable rate of 5.3%. The government’s intervention in managing riots, protests, and disasters is expected to drive regional demand for combat boots. The deployment of Chinese troops in response to political reform difficulties in Hong Kong is an example of such intervention.

Europe holds a significant market share of over 26.1% in the combat boots market. The region’s growth is driven by the expanding demand for tactical footwear in the military sector and the investment made by key players in delivering high-quality trademark products.

In terms of combat boots types, the Jungle combat boots segment leads the market with a value share of 49%. These boots are popular among hunters, hikers, and extreme sports enthusiasts who require protection in challenging terrains.

The military combat boots segment commands the market in terms of application, with a value share of 73.6%. These boots are specifically designed for soldiers during military or combat training, and they also serve ceremonial and disciplinary purposes.

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Recent Developments

  • 11 unveiled the A.T.L.A.S. (All Terrain Load Assistance System) tactical footwear collection in Las Vegas, Nevada in February 2020. The line includes three styles: 8-inch boots, mid-hikers, and trainers, each with unique features including ortho-lite footbeds, slip and oil-resistant outsoles, and breathable uppers for comfort.
  • TBL Licencing LLC’s Timberland brand officially introduced the FlyRoam tactical boot line in January 2018 with the usage of innovations such as the Aerocore energy system, which helps to give cushioning and aims to keep the boots lightweight.
  • 11 Boots released the Norris tactical Sneakers in black Multicam constructed of welmax board, which protects feet against up to 1,200 newtons of force, in January 2019. The Vibram outsole with XS Trek delivers excellent balance, durability, and comfort.

Combat Boots Market by Category

By Type:

  • Jungle
  • Desert
  • Cold Weather
  • Others

By Application:

  • Military
  • Hiking
  • Travel
  • Others

By Region:

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

About Future Market Insights (FMI)

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