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

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

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

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

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

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

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

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

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

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

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

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Shifting Consumers’ Preferences towards Plant-Based Dairy Alternatives

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

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

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

Who is winning?

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

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

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

Nature

Organic
Conventional

Form

Powder
Liquid

Product Type

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

End-Use

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

Sales Channel

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

About Future Market Insights (FMI)

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

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

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

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

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

Production and Distribution Impacted Due to COVID-19 Outbreak

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

Who is Winning?

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

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

Blockchain In Agriculture Market – Key Research Findings

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

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Blockchain In Agriculture Market Taxonomy

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

Provider

Application and solution provider
Middleware provider
Infrastructure and protocol provider

Application

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

Organization size

Large enterprises
Small and medium-sized (SMEs) enterprises

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

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

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

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

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

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

Non-Thermal Pasteurization Market by Category

By Technique:

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

By Form:

Solid
Liquid

By Application:

Food and Beverages
Pharmaceuticals
Cosmetics

By Region:

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

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

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

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

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

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

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

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Key Takeaways from the Plant-based Protein Market

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

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

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

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

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

Key Plant-based Protein Market Players:

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

Recent Developments in the Plant-based Protein Market:

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

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Key Segments in the Plant-based Protein Market Report

By Product Type:

Soy Protein
Wheat Protein
Pea Protein
Others

By Form:

Isolates
Concentrates
Hydrolysates

By Nature:

Organic
Conventional

By End Use:

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

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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

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

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

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

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

Key Takeaways from Hydronic Underfloor Heating Market:

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

Recent Developments Observed by FMI:

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

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Top Key Players

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

Key Segmentation

By Facility:

New Buildings
Retrofit

By Application:

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

By Region:

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

About Future Market Insights (FMI)

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

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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Desiccant Wheels Market Anticipates Market Value of USD 683.2 Million by 2033, with a CAGR of 4.3%

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

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

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

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

Key Takeaways from the Desiccant Wheel Market Study Report

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

Competitive Landscape for the Desiccant Wheel Market Players

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

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Top Key Players

Munters
NovelAire Technologies
DRI
Trane
Rotor Source Inc.

Key Segmentations

By Type:

Silica Gel
Molecular Sieve
Activated Alumina
Others

By Application:

Pharmaceutical
Food Industries
Chemical
Electronics
Warehousing
Others

By Region:

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

About Future Market Insights (FMI)

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

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Tap into the USD 30.7 Billion Brewery Equipment Market: Leverage Rising Demand from Microbreweries and Craft Beer Enthusiasts

The global brewery equipment market value is expected to surge at a rate of 5.2% in the forecast period to surpass USD 30.7 billion in revenue in 2032. Demand for brewery equipment is bolstering because of the rise in the number of micro-breweries specializing in craft beer and people taking up brewing as a hobby.

The global demand for brewery equipment is steered by increased beer consumption, increased investment by the brewery processing sector, increased plant capacity, and expansion of the product line by major brewery companies.

Increasing proclivity towards microbrewery or craft breweries owing to its unique taste among individuals and beer enthusiasts are proliferating high demand for brewery equipment which is a factor bound to support the growth of the global market.

Huge capital investments, maintenance and repair charges, and growing energy costs are likely to restrain the progress of the brewery equipment industry over the assessment period. Also, refurbishing old pieces of equipment by breweries is a major constraint to the industry.

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Key Takeaways from the Market Report

The brewery equipment market as analyzed by Future Market Insights exhibits that global sales of brewery equipment had a YOY growth of 4.8% in 2021 to total sales of USD 18.5 billion.
The growing popularity of beer crops around the world is expected to propel the demand for brewery equipment over the forecast period.
Rising consumption and hype around artisanal craft beer is a crucial driver for the global brewery equipment market growth.
Fermentation equipment accounts for 60% of the sales in the brewing equipment market. Also, the fermentation equipment is going to record the highest CAGR of 6.1% among the market segments.
The massive rise in microbreweries and brewpubs in the developed as well as developing economies is likely to drive market growth.
Government in countries like Canada, Mexico, Australia, New Zealand, and the UK are promoting craft beer production and helping firms in incorporating new breweries for a positive contribution towards employment and overall economic development.
Compressors are to remain in high demand as they form an indispensable part of the brewing process, also, due to increased usage, their performance decreases, leading to an increase in replacement.
Europe constituted 45% of the global brewery equipment market. Europe is projected to hold the largest market share during the forecast period.

Competitive Outlook

Key players in this market include Alfa Laval (Sweden), Deutsche Beverage Technology (Germany), GEA Group (Germany), Della Toffola (Italy), Criveller Group (US), Krones Group (Germany), Paul Mueller (US), Meura SA (Belgium), Kaspar Schulz (Germany), Praj Industries (India), Hypro Group (India), Ningbo Lehui International Engineering Equipment Co. (China), and Shanghai Hengcheng Beverage Equipment Co. (China) among others.

Stiff competition from global production companies like those mentioned above providing cost-effective brewery equipment is a challenge for players operating in the local equipment markets. Increasing acquisition activities between regional craft breweries and large multinational breweries are taking place. For example, GEA Group, a German brewery equipment manufacturing company acquired Vipoll, a Slovenian company, which specializes in producing beverage filling equipment and explores innovative brewing technologies.

Various manufacturers are now approaching to provide new and dynamic flavors and tastes in quality beverages, this development of variants is a key factor driving the brewery equipment market. Several large beer companies like Anheuser-Busch InBev (Belgium), SABMiller (Belgium), Heineken N.V. (Dutch), and A / S Carlsberg (Denmark) concentrate on providing enhanced beer quality. As a result, they are continuously looking for upgrading their production efficiency through the implementation of advanced technologies.

“Strategic approaches like mergers, acquisitions, accurate product positioning, technological advancement, and long-term partnerships with brewing firms must be adopted by brewing equipment manufacturers to emerge in a pole position in the brewery equipment market,” says a Future Market Insights Analyst.

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Key Segments

By Product Type:

Fermentation equipment
Brew house equipment
Carbonation
Control & Monitoring
Filling & Packaging
Mashing equipment
Milling equipment
Filtration system
Fittings & Valves system

Material Type:

Brass
Copper
Aluminium
Stainless steel
Mild steel

Mode of Operation:

Automatic
Manual
Semi-automatic

Application:

Macro brewery
Micro brewery
Brewpub
Farm brewery
Regional breweries
Others

By Region:

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

About Future Market Insights (FMI)

Compressed Air Filtration and Dryer System Market Projected Market Share of USD 9.91 Billion by 2033, with a CAGR of 9.91

The compressed air filtration and dryer system market is anticipated to expand its roots at an average CAGR of 5.7% between 2023 and 2033. The market is expected to have a market share of USD 9.91 billion by 2033 while it is likely to be valued at USD 5.69 billion in 2023

The restoration of industries, manufacturing units that tend to save their gear from corrosion, and higher economic activities are flourishing the market growth. Furthermore, the filtration and dryer systems also control the freezing and prevent any machine from getting jammed.
A long range of pharmaceutical drugs and food processing units uses compressed air filtration and dryer systems. As it removes the moisture from the air and saves it from any type of contamination. The expanding food and beverage, as well as the pharmaceutical sector, are anticipated to flourish the market growth.
The air filtration and dryer tools also help in increasing the productivity and efficiency of any processing unit as it reduces the water element while limiting the resistance. Alongside this, the inhibiting corrosion properties of compressed for filtration and dryer system.
The vendor is introducing advanced filtration types such as carbon air filters, gas filters for the chemical industry, particulate air filters coalescing air filters, etc. The companies expand their portfolio to target different verticals and applications.

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Key Points

The United States market leads the compressed air filtration and dryer system market in terms of market share in North America. The United States region holds a market share of 20.4% in 2023. The growth in this region is attributed to the restoration of industrial space and the integration of smart technologies enhancing the efficiency of different applications.
Germany’s compressed air filtration and dryer system market is another significant market in the European region. The market holds a value of US$ 4.2% in 2023. The growth is attributed to the expanding large automotive manufacturing spaces and restored food and beverages market.
The Indian compressed air filtration and dryer system market thrives at a leading CAGR of 6.8% during the forecast period. The market’s growth is attributed to the successful pharmaceutical and food sector.
Chinese compressed air filtration and dryer system market also thrives at a CAGR of 6.4% between 2023 and 2033. The Chinese market drives the large manufacturing and industrial spaces.
Based on product type, the compressed air dryer segment holds the leading market share of 62.0% in 2023. Due to its higher consumption of it in the chemicals, pharmaceutical, and oil & gas sectors.
Based on industry type, the oil & gas segment leads the market with 36.1% of the market share in 2023.

Competitive Landscape

The key vendors work on the absorption of higher moisture at an efficient and faster speed. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Top Key Players

Atlas Copco
Ingersoll Rand
Parker-Hannigan
Pentair
Donaldson Company
Boge Kompressoren
Kaeser Kompressoren
Sullair
Spx Flow
Sullivan-Palatek

Recent Market Developments

Donaldson Company has introduced replacement filters for the air dryer’s protection.
Kaeser Kompressoren focuses on the concept of reliability and effective efficiency for different drying levels. The brand has added these systems for refrigeration dryers, and desiccant dryers.

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Key Segmentations Covered

By Product Type:

Compressed Air Dryers
- Refrigeration Dryers
- Desiccant or Adsorption Dryers
- Deliquescent Dryers
- Membrane Dryers
Compressed Air Filters
- Particulate Filters
- Coalescing Filters
- Compressed Intake Filters
- Activated Carbon filters

By Industry:

Automotive
Oil & Gas
Chemicals
Food & Beverages
Electronics
Others

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Unlocking Growth in the USD 990.2 Million Microbial Lipase Market: Harness Versatile Enzymes for Diverse Industrial Applications

In 2022, the microbial lipase market is anticipated to reach US$ 535.0 million. In terms of value, it is anticipated to increase at a CAGR of 6.8% from 2022 to 2032, reaching US$ 990.2 Million.

Lipases are extremely adaptable microbial enzymes that have piqued the interest of various industrial processes. Lipases can be obtained from a variety of sources, including fungi, bacteria, other microorganisms, animals, and vegetables. Among the lipase sources, microbial lipases had the biggest market share of roughly 62%.

Long-chain triglyceride hydrolysis is catalysed by microbial lipase. Microbial sources of lipase enzymes are conceptually active and proficient, and they also offer a wide range of industrial applications in the production of changed molecules.

The research provides a thorough analysis of the industry, outlining key growth drivers, restraints, opportunities, and current trends. It employs novel research methods to provide the most accurate market analysis.

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It includes in-depth insights into the microbial lipase market. Some of these are:

The estimated value of the market was at US$ 510 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Microbial lipase industry is dominated Asia Pacific.
The emergence of leading global microbial lipase producers and the increase in the adoption of lipase enzymes are increasing demand for microbial lipases in the Asia Pacific area.
It is estimated that the powder type of microbial lipases dominates the market for microbial lipase, as consumers prefer.
Due to their numerous applications in a wide range of food processes, the demand for lipase, especially from microbial sources, is expected to show significant growth in the near future.
In terms of form, the liquid segment emerged dominant and is likely to continue leading the market through the course of the forecast period.

COVID-19 Outbreak will Impact Growth of the Market

The lockdown due to corona outbreak might severely impact the supply side of the microbial lipase market. It may also affect the production and distribution of their goods and services. After the lockdown is lifted, there is a quite possibility that there will be an increase in sales which will be met through existing inventories of the companies in the microbial market.

Growing population along with increasing economic standards has led to increased spending on food services. Like the aforementioned forecasts, however, the market could head to harsh waters.

Who is Winning?

The key players operating in the global microbial lipase market are DowDuPont (US), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark). There are some new developments in the industry that will generate specific opportunities for the microbial lipase manufacturers.

Furthermore, mergers and acquisitions continue to be a common strategy among market players. With strategic alliances companies plan to increase their global footprint.

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MICROBIAL LIPASE MARKET TAXONOMY

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

By Source :

Fungi
Bacteria
Yeast

By Form :

Liquid
Powder

By Application :

Cleaning Agents
Animal Feed
Dairy Products
Bakery Products
Confectionery Products
Others

By Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

Electrical Digital Twin Market Projected to Reach USD 3,342.7 Million by 2033, with a CAGR of 11.9%

According to FMI estimates, the global electrical digital twin market generated a market revenue of USD 987.2 million in the year 2022. Further market analysis report predicts the adoption of an electrical digital twin to rise at a CAGR of 11.9% between 2023 and 2033. By the end of this forecast period, the overall valuation of the market is projected to reach USD 3,342.7 million.

Various approaches in a simulated environment that do not affect the actual product have opened new avenues for electrical digital twin technologies. So, in recent years the demand for electrical digital twin technology is steadily increasing across various business organizations trying to improve existing models.

The overall market strengthened considerably during the pandemic period and a positive growth was observed even during the post-pandemic period. Furthermore, many utility companies have realized their future potential in comprehending and handling the vast amount of data to provide uninterrupted service.

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The adoption of digital twin technology is increasing across various new industries, which is expected to drive market growth in the years ahead. Some of the well-established end users for electrical digital twin technology include automotive, manufacturing, energy and utilities, and others.

The adoption of electrical digital twin technology in modern industries can be regarded as a combination of automated manufacturing processes with IoT to develop networked production systems. Twin technology helps in the digital representation of any product which further aids in the proper operation and management of the system. As a result, digital twin technology may be in higher demand over the forecast years for supporting businesses in meeting Industry 4.0 criteria.

Key Takeaways from the Electrical Digital Twin Market Study Report

The United States dominates the overall market and contributed around 27.1% of total revenue generated in 2022.
China is the leading country in the Asia Pacific and is projected to register a CAGR of 13% over the forecast years.
India is anticipated to follow China by exhibiting a CAGR of 12.5% from 2023 to 2033.
Based on usage type, the system digital twins segment dominates the overall market by acquiring 43.1% in 2022.
Based on the twin type, the digital grids contributed almost 21.9% of the total market revenue in 2022.

Future advancements in renewable energy harnessing sources like wind turbines, and solar Photovoltaic cells are poised to be a game changer for the market. With a CAGR of 9.5% during the continuing decade, the globalinstalled wind and solar PV capacity is projected to grow promisingly.

Competitive Landscape for the Electrical Digital Twin Market Players

Aveva, Siemens, Emerson, Etteplan, Wipro, Microsoft, IBM, and Schneider are significant businesses that are well-liked by users of electrical digital twin software. As the general electrical digital twin technology is still developing in emerging economies, it provides lucrative opportunities to global players for market penetration. But the degree of digital twin technology varies across regions based on the availability of funds or resources.

Today, digital twin technology companies are increasing their market share by reaping the benefits of connected digital twin business operations. Nearly 40% of IoT platform vendors may integrate simulation platforms and capabilities to create the best digital twin software in the coming years. Higher time savings provided by these leading players are also pushing forward their sales of electrical digital twin technologies.

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Recent Developments by the Electrical Digital Twin Service Providers

ABB Group and Dassault Systèmes signed a contract of partnership in February 2019 to offer software solutions to digital service providers. Through this partnership, Dassault Systèmes’ 3DEXPERIENCE platform and ABB’s Ability digital solutions are expected to combine and improve both businesses’ installed capacity and customer base.

GE stated in December 2018 that it would build a new unit specifically to support the industrial internet of things (IIoT) with a separate organizational structure. This new business endeavor was launched with an annual revenue plan of around USD 1.2 billion and a solid industrial basis.

In collaboration with Bentley Systems, Siemens AG unveiled a new PlantSight digital twin cloud services in October 2018. This expansion was aimed to give their customers effective plant operations and improve the firm’s digital services portfolio.

Key Segmentations Covered by Electrical Digital Twin Market

By Twin Type:

Digital Gas & Steam Power Plant
Digital Wind Farm
Digital Grid
Digital Hydropower Plant
Distribution Energy Resources
Other Applications

By Usage Type:

Production Digital Twin
Process Digital Twin
System Digital Twin

By Deployment Type:

Cloud
On-premises

By End User:

Utility Service Providers
Grid Infrastructure Operators

By Application:

Asset Performance Management
Business & Operations Optimization
Digital Twin Aggregate

By Region:

North America Market
Europe Market
East Asia Market
Asia Pacific Market
Latin America Market
Middle East and Africa 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.

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