USA Food Service Market Anticipated to Reach USD 1.995 Trillion, with a 7.3% Annual Growth by 2033

Food Service

By 2033, it is anticipated that the USA food service industry would be worth US$ 1995.0 billion. By 2023, it is projected to reach a valuation of around US$ 985.5 billion. The market is anticipated to increase significantly between 2023 and 2033, with a CAGR of 7.3%. About 26.3% of all food expenses in 1970 were spent on eating out. That proportion had increased to 43% by 2012.

Demand for food service in the USA is anticipated to be driven by increasing number of two-earner households. High earnings, small-sized families, ease of accessibility, and availability of affordable meal options are also key factors that would influence expansion. Rising spending on advertising and promotions by the nation’s top food service businesses will also increase demand.

During the pandemic in 2020, a number of restaurants in the country were forced to close or operate at a reduced capacity. It happened as a result of supply-chain disruption brought on by orders to stay at home, company closures, and social distance regulations.

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These factors might have influenced how customers bought food, favoring meals prepared at home over food consumed away from the house. Growth is also being aided by millennials’ conscious avoidance of eating out. This can be attributed to their perceived risk of contracting a virus and the advent of online grocery shopping.

According to the USA Department of Agriculture, food purchases made away from home made up 55% of all food expenditures in 2021. This indicated a return to pre-pandemic levels.

Modern consumers are increasingly choosing not to eat on the go due to their busy schedules. During the projected period, it is anticipated that a number of key market trends, including rising popularity of food trucks, would favorably affect the food truck industry.

The USA is becoming more accepting of vegetarianism. American consumers are increasingly following this eating pattern, which is boosting demand for food services. Expanding popularity of eating out has also contributed to expansion of the restaurant and food service industries.

Key Takeaways from USA Food Service Industry Report

  • The USA food service market is expected to showcase growth at 7.3% CAGR between 2023 and 2033.
  • The USA catering service industry is anticipated to flourish from US$ 76.7 billion in 2023 to US$ 138.2 billion by 2033.
  • The USA food service industry is set to rise at a CAGR of 7.3% from 2023 to 2033.
  • The USA food service industry exhibited a surge of 6.7% from January to June 2022.
  • The USA catering service industry is expected to elevate at a CAGR of 6.1% from 2023 to 2033.

“Rising food service digitalization is one of the key forces driving the business since clients find it simple to make bookings and payments online. Developing systems for online payments, takeaway and delivery services would also provide significant opportunities to players in this market.” – Says a lead analyst.

Competitive Landscape: USA Food Service Industry

In the past, product portfolios were less globalized. However, as time has gone on and customer appetite has increased, significant businesses are putting more of an emphasis on the development of new services.

Uber Eats, Zipline, UPS, Matternet, Wing, Flytrex, Zing, Amazon, Wingcopter, Elroy Air, Joby Aviation, Volkswagen, and Wisk Aero are just a few businesses that are beginning to expand their service offerings and market reach.

For instance,

• In April 2023, At its location in La Mirada, California, Yoshiharu Global, a USA-based restaurant operator, planned to introduce its brand-new Yoshiharu Ramen & Izakaya concept. The operator, who is well-known for serving Japanese ramen, soft-launched the new idea on April 7 and will hold a formal opening on April 14, 2023.

Its capacity to keep up with contemporary restaurant trends would be demonstrated by the introduction of an unusual idea at the La Mirada site. It would also enable the restaurant to provide really authentic Japanese eating experiences that are tailored to the changing tastes of its clients.

Get Valuable Insights on USA Food Service Industry

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the USA food service industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for USA food services based on restaurant & food service industry (service type, delivery method), catering service industry (catering type, end user), and country.

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Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Key Segments

Section 1: USA Restaurant and Food Service Industry

By Service Type:

  • Full-service Restaurants
  • Street/Kiosk
  • Cafes and Bars
  • Self Service Restaurants
  • Fast Food Outlet
  • Delivery/Takeaway
  • Recreational Places

By Delivery Method:

  • Dine-in
  • Delivery
    • Online
    • Drive Thru
  • Takeout
    • Online
    • Drive Thru

Section 2: USA Catering Service Industry

By Catering Type:

  • Outdoor Catering (Away-from-home)
  • Industrial Catering (Canteen, Cafeteria)
  • Club Catering (Turf Clubs, Polo Clubs, Golf Clubs)
  • Welfare Catering (NGO, Charity)
  • Leisure Linked Catering (Kiosk, Zoo, Park, Stadium)
  • Retail Store Catering
  • Transport Catering (Airline, Railway, Cruise, Surface)

By End User:

  • Corporate
  • Education
  • Healthcare
  • Defense & Offshore
  • Mining & EPC
  • Sports & Leisure
  • Event Management
  • Others (Retail, Manufacturing, Aviation)

About Future Market Insights (FMI)

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

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Americas Seeds Market to Expand at 8% CAGR, Reaching USD 14.06 Billion by 2033

Americas Seeds Market

The Americas seeds market is a thriving and dynamic industry that plays a crucial role in agriculture and food production. Spanning North, Central, and South America, this vast market encompasses a wide range of seeds, including cereals, grains, vegetables, and fruits. Advancements in biotechnology and genetic engineering have led to the development of high-yield and disease-resistant seeds, boosting crop productivity and quality.

The global Americas seeds market is predicted to register a CAGR of 8% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 6.51 billion in 2023 to US$ 14.06 billion by 2033 end.

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The surging global population and consequently soaring demand for food is maneuvering the seeds market in the Americas. The region houses some of the world’s leading agricultural exporters and producers, including Brazil, the United States, and Argentina. In addition to this, surge in the innovation of seed technologies like genetically modified (GM) seeds, is supporting farmers to boost their crop yield and better the quality of crops. As a result, pushing the demand for high-quality seeds.

The governments residing in the Americas region give strong support to their agricultural sectors. This also includes support in the form of funds required for advancement in research and development activities related to new seed varieties. Over the years, this support has facilitated innovation in the seeds industry and led to overall market growth.

GM seeds have been a core contributor towards market growth. Subsequently, organic as well as non-GM crops is also enjoying increasing recognition. Growing popularity of these kind of seeds is generating high-growth opportunities for companies that specialize in these seeds.

Top Highlights from the FMI’s Analysis of the Americas Seeds Market:

  • The GMO section is forecast to seize large market share in the projected period. Increasing demand for seed types that curb environmental impact, owing to growing environmental concerns, is propelling the segment growth.
  • The increasing demand for conventional types of Americas seeds due to its long history of safe use is expected to bolster the conventional section of Americas seeds.
  • The herbicide tolerance section, on the basis of trait, is expected to capture large market share. This can be attributed to ease provided by herbicide-tolerant seeds for efficient and effective use of herbicides.
  • The insecticide segment is anticipated to display robust growth in the forecast period.
  • Extensive cultivation of soybean is projected to yield significant segment growth and account for large market share during the forecast period.
  • The wheat segment is projected to perceive a rapid CAGR over the forecast period. Growing global population and increasing importance of wheat as a staple crop are some of the factors underpinning the segment growth.

FMI Captures Key Developments by Market Players

  • In July 2022, BASF, Corteva Agriscience, and MS Technologies entered an Agreement to develop next-Gen Enlist E3 soybeans with the trait of nematode resistant soybeans (NRS) for farmers in Canada and the United States.
  • In June 2022, a novel variety of tropicalized lettuce was introduced by the name of Arunas RZ. This is projected to boost the market share of the company in the subsequent years.
  • In May 2022, Syngenta Canada introduced a new Pelta seed pelleting technology for canola that helps in enhancing the seed uniformity and size, enabling better singulation planter performance.

Key Companies Profiled

  1. Bayer AG
  2. BASF SE
  3. Corteva Agriscience
  4. Advanta Seeds
  5. Syngenta Corporation
  6. Rice Tec, Inc.
  7. Lima grain
  8. Florimond Desprez
  9. AgReliant Genetics, LLC
  10. SLC Agrícola

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Key Segments

By Type, the Americas Seeds Industry is segmented as:

  • GMO
  • Conventional

By Trait, the Americas Seeds Industry is categorized as:

  • Herbicide Tolerance
  • Insecticide Resistance
  • Others

By Crop Type, the Americas Seeds Market is bifurcated as:

  • Rice
  • Soybean
  • Wheat

By Region, the Industry of Americas Seeds is segmented as:

  • The United States
  • Brazil
  • Argentina
  • Peru
  • Colombia
  • Paraguay
  • Chile

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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Air Freshener Market: Expected to Reach USD 28.72 Billion by 2033, Product Life Cycle Analysis | FMI

In 2022, the air freshener market was recorded at USD 13.63 billion. The market valuation is estimated to reach USD 15.47 billion in 2023. The market is predicted to grow at a healthy CAGR of 6.40% from 2023 to 2033. The valuation of the air freshener market is expected to reach USD 28.72 billion by 2033.

The air freshener market is significantly influenced by consumer spending habits and the performance of the housing market on a global scale. With a growing emphasis on pleasant scents in living spaces, the demand for air fresheners has been on the rise. Over the past few years, the air freshener market has experienced fluctuations, reflecting changing consumer preferences and market dynamics.

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Several factors are driving this growth:

Rising living standards and disposable income: As people have more money to spend, they’re increasingly investing in products that enhance their living environment, including air fresheners.

Urbanization: Densely populated cities often face challenges with air quality, leading to a greater demand for odor control solutions like air fresheners.

Innovation: Manufacturers are constantly introducing new air freshener technologies and fragrances, catering to diverse preferences and needs. This includes:

  • Natural and organic options: Consumers are becoming more health-conscious and seeking alternatives to traditional air fresheners with potentially harmful chemicals.
  • Smart air fresheners: These devices connect to Wi-Fi or Bluetooth, allowing for customized scent control and scheduling.
  • Electric diffusers and essential oils: These offer a healthier and more sustainable alternative to aerosol sprays.

Key companies in the Air Freshener Market

  • Procter & Gamble
  • SC Johnson
  • Reckitt Benckiser
  • Henkel
  • Church & Dwight
  • California Scents
  • ST Corporation
  • Scott’s Liquid Gold, Inc.
  • Amway
  • Kobayashi
  • Liby
  • Houdy
  • Farcent
  • Jiali
  • Ludao
  • Mengjiaolan

Growing demand from commercial users: Offices, hotels, and other businesses are increasingly using air fresheners to create a pleasant and welcoming atmosphere for customers and employees.

Regional variations: The Asia Pacific region is expected to witness the fastest growth due to its expanding middle class and rising disposable income. However, Europe and North America remain significant markets with established consumer preferences.

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Key Segment

By Product Type:

  • Spray/Aerosols
  • Electric Air Fresheners
  • Gels
  • Candles
  • Others (Oils, Plug-ins, etc.)

By Application Type:

  • Residential
  • Commercial
  • Cars
  • Others

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Independent Stores
  • Specialty Stores
  • Departmental Stores
  • Online Retailers
  • Other Sales Channel

By Fragrance Type (% of demand):

  • Flowers
  • Fruits
  • Wood Chips
  • 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 ~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
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Trace Minerals in Feed Market Expected to Grow at 5.4% CAGR Through 2033, Reports Future Market Insights, Inc.

Trace Minerals in Feed

The trace minerals in feed market is expected to increase from US$ 552.67 billion in 2023 to US$ 926.04 billion in 2033.

The worldwide economic slump has had an insignificant impact on the global beef business. Because of changing food preferences, urbanization, population growth, and economic growth, the Asia Pacific and South America region are expected to witness massive growth in meat consumption.

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China’s demand for meat, for example, continues to outstrip domestic supply, according to Agriculture and Agri-Food Canada. Fish is high in protein and low in fat, carbs, and cholesterol. They also include vital vitamins and amino acids. As more people become aware of the health benefits of eating fish, these factors contribute to a fast-increasing global demand.

The worldwide meat and seafood sector is also expanding due to changing population patterns. The use of trace elements in animal feed is encouraged by life expectancy and the limited availability of land and water supplies to create animal feed, which drives the global market.

Trace minerals, also known as micro minerals, are highly important minerals that should be absorbed by the human body with food; however, unlike macro minerals, we only require a very minimal amount of trace minerals in our diet. Even though trace minerals are only required in trace amounts, they are critical to our health and bodily growth. However, the stringent regulatory framework governing the permissible limits of certain minerals in feed products increased product costs, and rising research and development costs are the key factors acting as restraints, while increased prices associated with trace minerals as an additive further challenge the growth of trace minerals in feed market during the forecast period mentioned above.

Key Takeaways

  • Trace minerals in feed market is expected to record a CAGR of 5.4% during the forecast period 2023 to 2033.
  • Key causes such as increased feed consumption, increased demand for animal protein in human diets, growth of the meat and meat products industries, a trend towards natural growth promoters, and an improvement in trace mineral bioavailability have all contributed to the trace minerals market’s expansion.
  • Asia Pacific dominated the trace minerals in feed market.

Key Development in the Trace Minerals in Feed Market

  • March 2019 – Zinpro Corporation launched a high-quality selenium performance trace mineral-Availa Se-for the European Union. (EU). Zinpro now provides Availa-Se (zinc-L selenomethionine), another unique product with excellent performance in the EU market.
  • July 2020 – Kemin Industries is planning to establish a presented architectural design for a new quality control laboratory (QC lab) at its global headquarters in Des Moines, Iowa. Kemin’s outstanding analytical skills ensure that potential production activity and product specificity are maintained.
  • September 2020 – Bluestar Adisseo Firm purchased the Dutch feed additive company Framelco Group. The company’s strategy is to contribute to expanding the specialty product category to become a market leader in the specialty feed ingredients industry for animal nutrition.
  • July 2020 – Archer-Daniels-Midland Company (ADM) launched NutirPass L, an encapsulated supplement that is stable in the rumen and intestinally available to cows. For breastfeeding cows and growing cattle, the supplement provides regular and stable lysine.
  • March 2020 – Alltech announced its relationship with aquafeed nutrition startup Corey Nutrition. This acquisition aims to provide the aquaculture business in North America with innovative feed options that increase production and efficiency.

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Key Segment

By Type:

  • Zinc
  • Copper
  • Cobalt
  • Manganese
  • Iron
  • Chromium
  • Others (iodine and selenium)

By Livestock:

  • Poultry
  • Ruminant
  • Swine
  • Aquaculture
  • Others (equine and pets)

By Chelate Type:

  • Amino acids
  • Proteinates
  • Polysaccharides
  • Others (propionates and peptides)

By Form:

  • Dry
  • Liquid

By Region:

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

About Future Market Insights (FMI)

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

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Dishwashing Additives Market: Projected to Reach US$ 2,817.2 Million by 2033 End, Growing at a CAGR of 6.5%

According to recent data released by Future Market Insights (FMI), the dishwashing additives market is estimated to be around US$ 1,500.8 million in 2023 and is expected to reach approximately US$ 2,817.2 million by the end of 2033, with a compound annual growth rate (CAGR) of approximately 6.5% from 2023 to 2033. The share of the dishwashing additives market within its parent market, the detergent market, is approximately 2% to 5%.

The global dishwashing additives market is poised to expand alongside the culinary industry. With widespread usage in both household and commercial kitchens, dishwashing products indicate a substantial potential for growth in the global market for dishwashing additives.

Businesses that are environmentally conscious will likely expand in the global dishwashing additive market as environmental concerns become more widespread. Increased demand is the primary driver of the eco-friendly dishwashing additives market’s expansion. It has been determined that household products manufactured without chemicals using natural plants are safe for both people and the environment.

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Makers of dish washing detergents often use things from nature like natural scent oils and flower juices. For example, Seventh Generation is a popular natural home product brand in the U.S. that puts lots of money into marketing and advertisement. Goodmaid Bioby and Green Works by The Clorox Company are two of the most popular environment-friendly kitchen dish cleaning detergents. They both do a great job in taking care of our earth while keeping dishes clean.

Key Takeaways:

  • Based on product type, sales of branded dishwashing additives will remain high.
  • In terms of applications, the adoption of dishwashing additives in the residential sector will gain traction through 2032.
  • The U.S. will continue dominating the North America dishwashing additives market over the assessment period.
  • China will emerge as a lucrative pocket in the East Asia dishwashing additives market.
  • India will account for a dominant share in the South Asia dishwashing additives market over the forecast period.

Competition Landscape

Some of the leading players operating in the global dishwashing additives market include

  • Unilever N.V.
  • Blueland
  • Bombril
  • Reckitt Benckiser Group plc
  • Church & Dwight Co. Inc.
  • SC Johnson & Son Inc.
  • The Clorox Company
  • Godrej Consumer Products Limited
  • The Procter & Gamble Company
  • Colgate-Palmolive
  • Henkel
  • McBride
  • Kao Corporation
  • Others (as per request)

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Global Dishwashing Additives Market by Category

By Product Type:

  • Branded
  • Private Label

By Application:

  • Commercial
  • Residential

By Form Type:

  • Liquid
  • Powder
  • Others

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Independent Grocery Stores
  • Specialty Stores
  • Wholesalers/Distributors
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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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Mobile Fuel Delivery Market is Anticipated to Record a CAGR of 7.1% During the Forecast Period By 2033

The mobile fuel delivery market is poised for explosive growth, projected to reach USD 10,086.4 million by 2033, with a CAGR of 7.1%. This surge presents a golden opportunity for companies to revolutionize the way fuel is delivered, offering convenience, efficiency, and potential cost savings to businesses and consumers alike.

According to forecasts, the mobile fuel delivery market is expected to be USD 5,064.1 million in 2023 and USD 10,086.4 million by 2033.

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The fuel delivery systems market is witnessing substantial growth, driven by an increase in vehicle sales across both commercial and passenger segments, including a heightened demand for alternative fuel vehicles. Regions such as North America and Asia-Oceania are seeing significant market expansions, while Europe and other global areas are poised for steady growth.

Particularly in the U.S., where the retail gas market is valued at approximately US$ 500 billion and has fewer gas stations compared to demand, there emerges a notable opportunity for the on-demand mobile fuel industry. This sector is poised to capitalize on shifting consumer behaviors that now favor convenience, with an increasing number of consumers opting for direct-to-doorstep gas delivery services, mirroring the broader trend towards home delivery solutions for a variety of needs.

Key Takeaways

  • By 2033, the mobile fuel delivery market in the United Kingdom is likely to expand, with a CAGR of 7.6%.
  • In 2022, the United States developed the mobile fuel delivery business with a share of 19.4%.
  • The mobile fuel delivery market grew considerably to US$ 2,739.3 million in 2022.
  • By 2033, China’s mobile fuel delivery market is projected to develop with a CAGR of 10.4%.
  • By 2033, India’s mobile fuel delivery industry is projected to expand with a CAGR of 12.1%.
  • Japan’s mobile fuel delivery industry grew significantly, with a 4.8% share in 2022.
  • Australia’s mobile fuel delivery market expanded with a share of 2.9% in 2022..
  • Germany’s mobile fuel delivery business grew, with a share of 7.5% in 2022
  • In 2022, based on the fuel type, gasoline dominated the market, with a share of 42.2%.
  • In 2022, the generator segment dominated the market, with a share of 21.2%, based on equipment.

Competitors’ Successful Techniques

Business behemoths like Shell, Exxon, and GM are investing increasingly in the quickly expanding on-demand mobile fueling sector due to their recognition of this change in customer behavior. This interest is only anticipated to grow over time, with the predicted US$ 200 million annual growth of mobile fuel delivery.

A mobile fuel delivery approach aids in avoiding and coordinating a complicated interdependent value chain, which calls for more control over its strategic partners and value chain.

To improve employees’ lives and give them more free time when they are not at work, business owners also provide on-demand mobile fuel delivery as an office benefit.

The touchless technology used in mobile gasoline distribution benefits both customers and staff while also enhancing the market’s outlook globally.

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Key Players

  • InstaFuel
  • Fuel logic
  • Shipley Energy
  • OCCL
  • The Fuel Delivery
  • Booster Fuels
  • Filld
  • Cafu, UAE
  • Gaston Services
  • Fuelster Technologies Inc.
  • Rhino Fuel
  • Atlas Oil
  • HPCL
  • BPCL
  • Shell
  • Repos Energy
  • Ezfill

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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Women’s Socks Market: Expected to Reach USD 30.25 Billion by 2032, Demand in Likely Scenario | FMI

The women’s socks market is strutting its stuff towards a projected market value of USD 30.25 billion by 2032, boasting a steady growth rate of 5.9% CAGR. This significant rise reflects a transformation in the way we view socks, with comfort and style now walking hand-in-hand.

From Practical to Chic: A Fashion Revolution

Gone are the days of socks as mere necessities. The women’s socks market is thriving thanks to several key trends:

  • Socks Take Center Stage: The introduction of luxury socks and styles designed for specific functions has elevated them from basic essentials to statement pieces.
  • Outperforming Apparel: The women’s socks market is outpacing the growth of the overall apparel industry, showcasing the growing importance of this fashion staple.
  • Emerging Market Boom: The rapid expansion of retail networks in countries like China, Brazil, and India, fueled by rising disposable income, is creating a strong demand for women’s socks.

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Variety is the Spice of Life (and Socks):

The women’s socks market caters to diverse needs and preferences:

  • A Rainbow of Choices: Socks are now available in a wide range of colors, patterns, and designs, allowing for self-expression and outfit coordination.
  • Comfort Matters: Different types of fabrics, including polyester, cotton, and nylon, ensure maximum comfort and foot health.
  • Function Meets Fashion: From cozy fuzzy socks to stylish ankle socks, there’s a perfect pair for every occasion.

Distribution Channels: Where to Find Your Perfect Fit

When it comes to buying women’s socks, consumers have a variety of options:

  • Brick-and-Mortar Dominance: Offline channels like hypermarkets and supermarkets still hold a major market share, offering a convenient shopping experience.
  • E-commerce on the Rise: The increasing popularity of smartphones and online shopping platforms is driving demand for women’s socks in both emerging and developed economies.

Looking Forward: Stepping into the Future

The future of the women’s socks market looks bright, driven by:

  • Smart Casual Revolution: The growing acceptance of business casual attire in workplaces is creating a need for stylish and professional socks.
  • Social Media Influence: The power of social media continues to shape fashion trends, promoting the use of women’s socks as a key part of an outfit.
  • Workwear Accessory: Socks are increasingly viewed as an essential workwear accessory, further propelling market growth.
  • Innovation in Design: Manufacturers who focus on innovative designs, high-quality materials, and cater to diverse needs are well-positioned to lead the way in this ever-evolving market.

So, the next time you reach for your shoes, remember – socks are no longer an afterthought! With a focus on style, comfort, and functionality, the women’s socks market is here to stay, offering endless possibilities for stepping out in style.

Key Takeaways from the Market Study

  1. In 2022, the global women’s socks market is estimated to have a market size of US$ 18.13 Billion.
  2. Women’s socks market in North America acquired 20% of the global market share in 2021.
  3. The APAC region is expected to grow with a 5.8% CAGR, with a market share of 40%
  4. The polyester segment took over 46% of the global Women’s socks market share and is expected to exhibit a 4.5% CAGR during the forecast period.
  5. Offline sales comprised 76% market share in 2021, reflecting a 5.7% CAGR until 2032

Competitive Landscape

The market is populated by several well-established players, as well as several small and medium-sized businesses. Vendors are launching products that meet consumer expectations as fashion consciousness changes. Furthermore, manufacturers are developing new preservative techniques to make their products more durable. A large number of celebrities have endorsed famous brands, contributing greatly to the market’s growth.

  • In January 2020, “Renewed” socks brand, Happy Socks, partnered with fashion icon Johnny Ramone to create a dynamic new collection of socks.
  • Active wear company Girlfriend Collective released a line of socks called Everyday GF in June 2020. The socks are made of recycled plastic bottles and are cushioned with extra arch support.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global women’s socks market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product type (Cotton, polyester, others), by Distribution Channel Type (online, offline) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segmentations

by Fiber:

  • Cotton Women’s Socks
  • Polyester Women’s Socks
  • Women’s Socks from Other Fibers

by Distribution Channel:

  • Women’s Socks Sales via Offline Stores
  • Women’s Socks Sales via Online Stores

by Region:

  • North American Women’s Socks Market
  • Europe Women’s Socks Market
  • Asia Pacific Women’s Socks Market
  • Middle East & Africa Women’s Socks Market
  • Latin America Women’s Socks 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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Normal and Specialty Fats Market on Track for USD 74.15 Billion by 2033, Driven by 6.5% CAGR

Normal and Specialty Fats

The global normal and specialty fats market is worth US$ 39.5 Billion as of now and is expected to reach US$ 74.15 Billion by the year 2033 at a CAGR of 6.5% between 2023 and 2033.

The bakery and confectionery vertical constitutes a noteworthy consumer base regarding normal and specialty fats; which, in turn, are seen in polishing of confectionery products, candy preparations, and likewise. Plants and animals are the two basic sources used to develop fats used to develop these formulations.

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The animal fats prominently used are inclusive of lard oils and edible beef tallow. The vegetable oils enclose oils like rapeseed, palm, sunflower, and soy. Commercial and industrial applications include lubricants and soaps.

However, there is a growing awareness amongst consumers regarding healthy lifestyle, which calls for keeping high cholesterol and obesity at bay. On these grounds, carrageenan is getting used in the form of fat substitute; which does curtail the calories with rendering the same advantages as that of fats. Cargill, Inc. does distribute and develop carrageenan as an alternative to fat for manufacturing of food products. These factors may restrain the normal and specialty fats market in the forecast period.

Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Normal and Specialty Fats Market’. It has its team of analysts and consultants to execute using a bottom-up approach along its macros and micros.

“With food processing sector flourishing, the normal and specialty fats market is expected to grow on an unstoppable note in the years to come”, says an analyst from Future Market Insights.

Key Takeaways from Normal and Specialty Fats Market

  • North America holds a significant market share with the US being subject to innovative methods for using specialty fats and oils in the goods. The specialty fats and oils in the US culinary goods include palm oil, coconut oil, canola oil, and olive oil. The application areas include cooking, baking, salad dressings, and likewise.
  • Europe is led by Germany, due to it being home to specialty oils produced from nuts like peanut, walnut, and coconut. As the end-consumers are more into natural products, demand for cold-pressed coconut oil, rapeseed oil, virgin olive oil, and the other oils has increased on a dramatic note in the last few years and the status quo is expected to remain the same even going forward.
  • The Asia-Pacific is expected to grow at a rapid pace in the normal and specialty fats market in the forecast period. This could be attributed to growing demand from consumers for convenience foodstuff. The chocolate and confectionery verticals are more into usage of normal and specialty fats. Consumers are also increasingly spending on ready-to-eat products.

Competitive Facts

  • Fonterra came up with a novel carbon-zero-certified organic butter in March 2021 to cater to the growing need for organic dairy products.
  • Sweetolin was introduced in 2020 as a patent-pending total fat system by Bunge Loders Croklaan (BLC). It is well-suited in fillings and coatings for confectionery that could reduce sugar in finished product by close to 50%.
  • BASF Nutrition & Health, in the year 2020, did launch an omega-3 fatty acid product for helping patients in the management of NAFLD (Non-alcoholic Fatty Liver Disease). This was something that continental Europe witnessed for the very first time.
  • AAK, in 2020, did develop a plethora of cutting-edge plant-based fat & oil solutions for IFT2.
  • Cargill, along with 9 other prominent producers of palm oil (Modelez International, Sime Darby Plantation, PepsiCo, Nestle, Wilmar, Unilever, Musim Mas, Golden Agri Resources, and Bunge Limited), in December 2019, did announce collaborating for supporting and funding novel radar-based forest monitoring systems to aid companies in improving sustainability in the commodity supply chains (apart from detecting deforestation).

What does the Report state?

  • The research study is based on type (normal and specialty fats, shortenings, spread fat, margarine, cocoa butter equivalent, and other types), by application (bakery, convenience food, confectionery, dairy, and others), and by end-use (industrial, commercial, and household).
  • With rising demand for confectionery and bakery products, the global normal and specialty fats market is bound to grow on a substantial note in the near future.

Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Key Segments Covered in the Market Report

By Type:

  • Normal and Specialty Fats
  • Shortenings
  • Spread Fat
  • Margarine
  • Cocoa Butter Equivalent
  • Other Types

By Application:

  • Bakery
  • Convenience Food
  • Confectionery
  • Dairy
  • Others

By End Use:

  • Industrial
  • Commercial
  • Household

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • 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 FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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North America Toilet Seat Market – Poised for Growth of US$ 1,605.6 Million by 2034

As per newly released data by Future Market Insights (FMI), the North America toilet seat market is expected to be worth US$ 951.6 million in 2024 and US$ 1,605.6 million by 2034, growing at 5.4% CAGR from 2024 to 2034.

A smart toilet seat concept is gaining prominence in the market. In this era of smart home, smart toilet seats are gaining popularity as they are more hygienic and facilitate hyper convenience as convenience today is one of the consumer priority that is driving sales in the market.

Smart toilet seats incorporate new technical features like heated surfaces, and bidet toilets operated with remote control technologies. These toilet seats are easy to install and also are highly rated in case of convenience and comfort, especially for feminine hygiene.

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Few smart toilet seat concepts also incorporate some the additional features like LED lights, and many others. This feature of LED lights helps provide the users with optimal light intensity during dark nights for guidance. These LED lights are sensor-operated.

Such developments of smart toilet seats that are a perfect blend of styles, designs, and technology are likely to facilitate future growth in the toilet seat market. As the preferences for smart premium toilet solutions is rising, the concept of the smart toilet seat is likely to successfully fuel market growth.

Key Takeaways from the North America Toilet Seat Market Study

  • Toilet seats that provide therapeutic benefits are also available in the market that is light-weight and portable.
  • Online sales are expected to register high growth with a CAGR of 7.9%, as people have now shifted towards online buying post the covid-19 outbreak.
  • In the case of material type, plastic toilet seats are highly popular in the market as they are preferred by mass population and are also economic. The segment is anticipated to surge with a CAGR of 5.8% during the forecast period.
  • In terms of country analysis, the United States holds the major share of North America as well as the global market as the penetration and the adoption of products is high in the country. The United States toilet seat market is expected to grow at a decent rate of 4.8% during the projection years.

Impact of COVID-19 on the North America Toilet Seat Market

The covid-19 outbreak had negative implications on the market. The actions undertaken by the governments to reduce the spread of the virus created market disruptions. There were bottlenecks in the supply chain the lead times in the operations have increased. These negative implications in the market have temporarily impacted market growth.

The Production process has been disrupted. Besides this, the purchase frequencies have also reduced to a greater extent. In light of all these factors, the manufacturers in the market have reduced their production levels temporarily as the demand is less in the market.

The players in the market are undertaking the best possible measures to reduce their costs as in the current market scenario the company revenue is lower. The companies in the market will focus on improving their online presence as consumers have now resorted to online buying.

Key Players:

  • Roca Sanitario SA
  • Kohler Co.
  • Gensey Industries Inc
  • Bemis Manufacturing Company
  • Bio Bidet Company
  • Brondell Inc.
  • Hamberger Sanitary Company
  • Lixil Group Corporation
  • Villeroy and Bosch Company
  • Aosman Sanitary Ware Company Ltd
  • Huida Sanitary Ware Company
  • Mecor
  • Inus Home USA, Inc.
  • Empava Appliances
  • Swiss Madison
  • LUXE Bidet
  • UFFU
  • Pacific Bay
  • Euroto
  • Others (As Per Request)

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North America Toilet Seat Market by Category

By Product Type:

  • Standard Toilet Seat
  • Smart Toilet Seat

By Shape Type:

  • Round/U-Shape
  • Elongated

By Material Type:

  • Plastic
  • Stainless Steel
  • Aluminum
  • Vinyl
  • ABS
  • Polypropylene
  • Wood
  • Others

By End Use:

  • Residential
  • Commercial
    • Hotels/Restaurants
    • Corporates/Enterprises
    • Hospitals
    • Salons & Spa
    • Public Places
    • Others (Malls, Airports, etc.)

By Sales Channel:

  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarkets/Supermarkets
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channel

By Country:

  • US
  • Canada

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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Seaweed Industry to Surge to USD 19.66 Billion by 2033, Growing at 9.7% CAGR | FMI

Seaweed

The seaweeds market is experiencing a remarkable surge, driven by its growing popularity in various industries. Seaweeds are nutrient-rich, sustainable, and versatile, making them sought-after ingredients in the food, cosmetics, and pharmaceutical sectors. As consumers increasingly embrace healthy and eco-friendly choices, seaweed-based products offer an attractive solution.

The global seaweeds market is projected to be valued at US$ 7.79 billion in 2023. A CAGR of 9.7% is anticipated for the seaweeds market between 2023 and 2033, bringing the market value to US$ 19.66 billion by 2033.

In food, animal feed, pharmaceutical, and other industries, the use of hydrocolloids such as carrageenan, alginate, and agar has expanded in recent years. As a result, both the production of algae and the demand for seaweed have increased. People are also encouraged to use seaweed in their everyday diets by the health advantages linked to the intake of macroalgal products.

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One of the main reasons driving the market’s growth at the moment is the growing public awareness of the advantages of nutrient-dense food items. In addition, seaweeds are being utilized more frequently as food and additives because of their anti-microbial properties. This is assisting in the market’s expansion, as is the rising intake of seaweeds for balancing the body’s levels of estradiol and estrogen.

Consumer tastes have significantly changed as a result of rising environmental awareness, fueling the requirement for sustainable products. The rising demand for seaweed cultivation is also being fueled by the rise of veganism and plant-based foods.

Seaweed extract is used by farmers because it makes a great fertilizer for growing crops. Seaweeds also enhance soil structure, microbial composition, and water-retention capabilities. During the forecast period, these elements are anticipated to fuel product demand.

The market is dominated by the Asia Pacific region. Over the past several years, the demand for algae has increased due to its increasing use in numerous traditional cuisines, including those of China, Japan, and South Korea. The region’s microalgae market is expanding as a result of rising food service demand. During the forecast period, market growth is also anticipated to be fueled by consumers’ growing preference for plant-based cosmetics and personal care products.

Key Takeaways

  • During the projection period, a CAGR of 7.7% is anticipated for the market in Germany.
  • In China, the market is expected to reach a value of US$ 4.87 billion by 2033, growing at a CAGR of 13.3% during the forecast period.
  • During the projection period, a CAGR of 7.3% is predicted for the market in Japan.
  • The red seaweed segment is anticipated to proliferate at a 10.1% CAGR to reach US$ 17.63 billion by 2033.

COMPETITIVE LANDSCAPE

The key competitors of the seaweeds market are Cargill, Incorporated, DowDuPont Inc., Seaweed & Co., Chase Organics, Irish Seaweeds, Sar Agrochemicals & Fertilizers Pvt. Ltd., Maine Coast Sea Vegetables, Inc., Shore Seaweed, Mara Seaweed, Qingdao Gather Great Ocean Algae Industry Group Co Ltd. and others.

RECENT DEVELOPMENTS

  • In January 2022, Pacific Harvest created Raw Nori Seaweed Snack Packs, a “nutrient-packed” seaweed snack. The new product, which experts describe as celebrating the “future’s top sustainable plant-based gourmet,” honors all facets of the brand.
  • In February 2021, using Gracilaria red seaweed, a common product in Europe, Cargill Inc. developed a brand-new seaweed powder. WavePure ADG 8250 is the name given to the new powder, which is introduced under the WavePure ADG range. In dairy industries, the product’s thickening and gelling capabilities are employed to create a creamy and smooth texture.

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Seaweeds Market Segmentation

By Type:

  • Red Seaweed
  • Brown Seaweed
  • Green Seaweed

By Form:

  • Flakes
  • Powder
  • Liquid

By End-use:

  • Food & Beverages
  • Agricultural Fertilizers
  • Animal Feed Additives
  • Pharmaceuticals
  • Cosmetics & Personal Care

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: 

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