Market Research Blog – Page 1946 – New Product Development

Forecasting the Growth of the Whole Wheat Flour Market at 6.7% CAGR through 2032

The whole wheat flour market is expected to grab a stronghold in the global market at a promising CAGR of 6.7% during the forecast period. The global market holds a projected revenue of US$ 72.71 Billion in 2022, and this value is likely to cross US$ 130.34 Billion by the end of 2032.

Whole wheat flour is refined from whole wheat kernels into small, vitamin-and-mineral-loaded fuel, and fiber-rich for incorporation into healthier foods. Whole-wheat flour is a basic food ingredient, and it includes endosperm, the bran, and wheat grain germ which provides it a little darker colour thus making it more wholesome. Incorporation of whole-wheat flour in the baking of bread and other baked goods is increasing prominently owing to the growing demand for healthy foods and rising number of health-conscious consumers.

Healthful living is recognized as one of the megatrends, with whole-wheat flour being titled out as an example of this on-going trend in action, and customers’ favorite for naturally functional foods.

However, the factors that could take down the growth of the whole-wheat flour market includes, harder accessibility, costlier, and decreased shelf life.

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Millennials Impelling Growth for the Whole-Wheat Flour Market

As whole-wheat flour gives a more pleasant flavor and a chew with great character, it is gaining significant prominence among those going for healthier foods.

Millennials are leading the charge for whole grain baked good, which in turn is providing a significant boost to the whole-wheat flour market.
In an interview for Food Business News, it was discovered that half of the consumers are interested in whole-wheat flour and one in every four shoppers is going for whole-wheat flour.
Also, according to the data issued by the National Agricultural Statistics Service of the U.S. Department of Agriculture, the whole-wheat flour production accounted for just over 5% of United States flour production in 2017.

Also, it has been observed that the whole-wheat flour products that are shipped from distributors to foodservice operators, increased by more than 15% in 2017.

Whole-Wheat Flour Market: Key Developments

In July 2018, Ardent Mills announced its plans to collaborate with Arcadia Biosciences Inc., an agricultural food ingredient company, on wheat innovation. The project aims to improve the overall flavor of whole-wheat flour and extend the shelf life.

In March 2016, The King Arthur Flour Company introduced an identity preserved 100% whole grain whole-wheat flour.

Whole-Wheat Flour Market: Regional Analysis

Whole-wheat flour is growing at an astonishing rate – proving in the market after market that customers worldwide are beginning to understand the importance of enjoying more whole-wheat flour.

Whole-wheat flour is considered a favorite superfood in Central and Latin America due to its nutritional values and distinct taste.
Whole-wheat flour is considered one of the most extensive and vital resources for many native individuals in North America.
In India and the United Kingdom, white wheat is commonly used for making whole-wheat flour instead of red as in the U.S.

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Key Segments In The Whole Wheat Flour Market

By Product Type:

Pancake Flour
Bread Flour
Pizza Flour
Cracker Flour

By Nature:

Organic
Conventional

By Application:

Bakery Products
Bread
Biscuits
Buns
Rolls
Cookies
Sweet Goods
Desserts
Tortillas

By Packaging:

Bags
Supersacks
Bulk Tankers

By Sales Channel:

Direct Sales/B2B
Indirect Sales/B2C
Supermarket/Hypermarket
Retail Stores
Specialty Stores
General Grocery Stores
Online Stores

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

About Future Market Insights (FMI)

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

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For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The USA Food Premix Market Set to Surge at 8.7% CAGR to USD 1.28 Billion by 2033

According to Future Market Insights’ new analysis, the USA Food Premix Market size is forecast to reach US$ 556 million by 2023. Total food premix sales in the country are poised to exhibit a CAGR of 8.7% between 2023 and 2033, totaling a valuation of US$ 1,278 million by the end of 2033.

Rising trend of food fortification, surge in cases of deficiency diseases, and increasing intake of dietary supplements are key factors driving the USA food premix market. Similarly, rising application of food premixes in infant nutrition, food & beverages, and pharma OTC drugs is expected to bolster food premix demand across the USA during the projection period.

Food premix ingredients have proven to be a better option to increase intake of essential nutrients required for proper functioning of body, enhancing the immune system, and reducing development of diseases.

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Growing usage of food premixes in products such as dietary supplements, food & beverages, baby nutrition, and OTC drugs due to their healthy and high nutritional content will play a key role in boosting the USA food premix industry during the projection period.

Another key factor positively influencing food premix sales across the USA is the availability of customized solutions. Leading food premix manufacturers based in the USA are focused on providing customized solutions to end users to increase their revenue share.

In the United States, food fortification is widely practiced with wheat and corn as they are a part of staple food. They are best used as carriers for food premix ingredients like folic acid, vitamin A, vitamin D, iron, zinc, and many more. Growing consumer interest in fortified foods will open new revenue generation opportunities for manufacturers.

Food and beverage sector in the United States is well established which benefits customers demanding nutritional food. However, increasing costs of food premix ingredients restrict their usage in day-to-day life. Hence it has become very important to keep modest pricing to gain a varied market share.

Increasing popularity of food premix in bone health supplements and weight management nutrition will also play a critical role in aiding market expansion across the USA over the next ten years.

Key Takeaways from Market Study

The United States food premix market size is set to reach US$ 556 million by 2023.
Food premix sales across the USA are forecast to surge at 8.7% CAGR through 2033.
By form, powdered food premixes segment holds 74% share of the United States food premix market.
Based on ingredient type, the vitamins segment accounts for a share of 29% of the market.
By function, with around 19% share, dietary supplements segment leads the United States food premix industry.

“Increasing health awareness, ongoing innovations, and developments in food fortification are likely to boost the food prefix market in the United States and are estimated to provide lucrative opportunities for market participants,” says a lead analyst at Future Market Insights.

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Who is Winning?

Leading food premix companies in the United States include Prinova, Cargill Incorporated, Glanbia plc, Archer Daniels Midland Company, LycoRed Ltd, General Mills, Watson Inc., Austrade Inc., Bunge Limited, Farbest Brands, Danone, Fenchem Biotek Ltd., Corbion N.V., Jubilant Life Sciences, and SternVitamin GmbH.

Key segments

By Form:

Powder
Liquid

By Ingredient Type:

Vitamins
Minerals
Nucleotides
Amino Acids

By Application:

Food & Beverages
- Medical Nutrition
- Fortified Dairy & Beverages
- Bakery Products
- Sports Nutrition
Early Life Nutrition/ Baby Food
Dietary Supplements
Pharma OTC Drugs
Nutritional Improvement Programs

By Function:

Bone Health
Immunity
Digestion
Energy
Heart Health
Weight Management
Vision Health
Brain Health & Memory

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The Global Hydrolyzed Egg Market’s Rise to USD 193.5 Billion by 2033, Driven by an 8% CAGR

The hydrolyzed egg market is expected to experience significant growth from 2023 to 2033, as projected by a research report from Future Market Insights. The global market is anticipated to exceed US$ 90,688 million in 2023 and is forecasted to reach US$ 193,545.0 million by 2033, driven by a notable compound annual growth rate (CAGR) of 8% during this period.

The hydrolyzed egg market is poised to capture a substantial segment of the global egg protein market by 2023. According to Future Market Insights (FMI), the growing preference among consumers for healthy and active lifestyles, coupled with a heightened focus on preventive healthcare, is driving increased demand for dietary supplements worldwide. This trend is fueling higher consumer expenditures on nutritional products and driving up production and consumption of dietary supplements globally, potentially accelerating growth within the hydrolyzed egg industry.

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Key Drivers for the Hydrolyzed Egg Industry

The market is growing due to increasing consumer awareness of the nutritional benefits offered by hydrolyzed eggs. Consumers are increasingly incorporating hydrolyzed eggs into their diets as they recognize their advantages, such as high protein content, essential amino acids, and a beneficial micronutrient profile.
Consumer awareness of hydrolyzed eggs has increased as a result of marketing activities aimed at educating consumers about nutrition, health influencers, and information sharing on various media platforms.

Natural ingredient-based clean-label products are becoming progressively popular with consumers. This consumer demand includes hydrolyzed eggs, especially those produced utilizing natural and clean processing techniques. Further, the lack of artificial chemicals, preservatives, and additives in hydrolyzed egg products appeals to consumers who are concerned about their health and want goods with natural ingredients and clean labels.

Competitive Landscape

The global hydrolyzed egg market is highly competitive in nature. Market participants are implementing various strategies such as new product development to expand their product portfolios, increase their market share, and capitalize on growth opportunities.

Other Recent Development Observed by FMI:

A plant-based food technology firm called “Nabati Foods” introduced their plant-based liquid egg product in Mayada in August 2021. It offers entire, natural, plant-based meals to health-conscious people. Currently sold on Nabati.ca, Nabati Plant EggzTM is now available at Whole Foods stores in B.C. and Ontario as well as Sobeys in Quebec.

Key Players Profiled in the Global Market:

DEPS
Bouwhuis Enthoven
NOW Foods
Taiyo Kagku
Rose Acre Farms
Sanavo Technology Group
Alver
EUROVO S.R.L
Sharrets Nutritions LLP
GF Ovodry S.P.A.
Rembrandt Foods
Taj Agro Products
BNL Food Group
AVANGARD CO.

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Hydrolyzed Egg Market Segmentation

By Nature:

Organic
Conventional

By Source:

Liquid Egg White
Egg Yolk
Whole Egg

By Application:

Food & Beverages
Nutraceuticals
Cosmetics & Personal Care
Animal Feed & Pet Food
Others

By Region:

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

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Functional Dairy Market Set to Reach USD 67.1 Billion by 2033 | Future Market Insights Inc.

The global market size of functional dairy products reached US$ 44 billion in 2023 and is projected to expand at a stable compound annual growth rate (CAGR) of 4.5% from 2023 to 2033, targeting a valuation of US$ 67.1 billion by 2033.

Functional dairy products are recognized as having additional nutrition beyond the basic nutrition available in dairy products. They contain the most crucial elements of a balanced diet and work as an energy booster for consumers. Also, consumers are becoming more aware of how a healthy diet influences short-term and long-term health and wellness.

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In response to this, consumers are shifting towards nutrient-dense food to attain high nutrition beyond basic nutrition. Therefore, the functional dairy products market is expected to show lucrative growth in the forecast period. Functional dairy food products include milk, yogurt, cheese, butter, and many others. Amongst these, milk and cheese are expected to hold major shares owing to the high consumption level across the globe.

Nutritional Benefits of Functional Dairy Products to Increase Consumption Worldwide

Due to the extra health benefits of functional dairy products such as high nutrition value in milk, cheese, yogurt, and similar other items, the global market is projected to grow at a steady pace. Besides, changing lifestyles of consumers and increasing prevalence of chronic ailments such as high blood pressure and obesity among the ever-increasing population are driving the demand for functional dairy products.

In the current scenario, the global functional dairy products business is becoming stronger due to more technological advancements by manufacturers to provide better quality products and services. Thus, the reach of functional dairy products is substantially improving.

As a result, the functional dairy products industry has become one of the most important contributors to the global economy and it will continue to grow in the coming decade. Functional dairy products are also becoming more popular in terms of demand as a result of increased social media marketing initiatives by key players, which has a direct impact on youth and health-conscious consumers and helps to boost product sales.

“Functional dairy food items provide consumers with various health benefits in addition to basic nutritional value, which is leading to a shift in consumers’ daily diets to functional dairy foods. It is expected to fuel expansion of the functional dairy market over the anticipated timeframe,” says a lead analyst at FMI.

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Competitive Landscape

Since milk is centrally processed, quality control can be effectively implemented. It is widely consumed daily in predictable amounts by people of various age groups, and the cost is affordable among the target population. Using milk or dairy products to prepare functional products is an excellent strategy that can quickly improve the population’s nutritional status.

Due to its numerous benefits, milk has been the subject of numerous studies addressing the development of more active functional items using probiotics, vitamins, minerals, or other bioactive compounds. Key players in the global functional dairy products market are striving to develop new items by investing huge sums in research and development activities. A few other companies are also engaging in mergers and acquisitions to co-develop new products and strengthen their positions.

For instance,

In June 2022, Danone North America launched Activia+ Multi-Benefit Probiotic Yogurt Drinks that include billions of active and live probiotics to help support one’s gut health. The product is also considered to be an excellent source of zinc and vitamin D & C for supporting the immune system.

Key Companies Profiled:

Archway Food Group; General Mills Inc.; Anand Milk Union Limited; Dairy Farmers of America Inc.; Kraft Foods Inc.; Arla Foods UK Plc.; Nestle SA; Parmalat S.P.A; Megmilk Snow Brand Co. Ltd; Dean Foods Company; Fonterra Co-operative Group; Lactalis International; Danone SA; Other

Functional Dairy Products Market Outlook by Category

By Product Type:

Yogurt
Cheese
Butter
Milk
Others

By End Use:

Retail / Household
HoReCa
F&B Industry

By Distribution Channel:

B2B
B2C
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Traditional Groceries
Online Retailers

By Region:

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

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The Global Dried Honey Market’s Evolution Towards a Projected Value of USD 1,720 Million by 2032

The global dried honey market is projected to be appraised at US$ 1,720 million by 2032, up from US$ 780 million in 2022, advancing at a CAGR of 7.9% from 2022 to 2032.

Some of the factors that are contributing to the growth of the market include: longer shelf life than raw honey, inexpensive, maintains the consistency of the food, and it is considered as the best alternative to sugar. However, the factors that could sink the market growth include problems of under or over-drying and absence of pure honey.

Honey is one of the best sources of energy that improves your immune system also and the same benefit it offers when consuming in the dried form. Dried honey is a powdered form of honey. Dry honey enhances, compliments, and intensifies the ingredients flavourings in which it is used.

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Report Attribute	Details
Dried Honey Market Value (2022)	US$ 780 Million
Dried Honey Market Anticipated Forecast Value (2032)	US$ 1,720 Million
Dried Honey Market Projected Growth Rate (2022-2032)	7.90%

Incorporation of Dry Honey in Various Industries is Growing Due to the Increasing Demand for Healthy Products from Individuals

In the past few years, a growing interest in dry honey over the conventional honey is observed owing to the advantages it holds over conventional liquid honey, including higher shelf life, convenience in transport and storage, among more.

Moreover, dried honey is inexpensive when compared to conventional honey and other sweeteners which is why more and more foodservice providers are incorporating it in their products instead of conventional sweeteners.Personal care and cosmetic industry are the ones increasing the demand for dried honey significantly. Integration of dried honey in various cosmetics and personal care products is proliferating and providing the market a substantial boost.
Dried honey is emerging as an important alternative for conventional liquid honey, Arabic gum, and other sweeteners, and is expected to witness hefty demand over the forecast period.

Dried Honey Market: Regional Analysis

The prospect of growth for the dried honey market in the Asia Pacific is quite high as China is the leading producer of honey with more than half a million ton in the year 2017. In India also, the production of natural honey is in abundance. The dried honey market in the Asia Pacific could flourish in the years to come. The market in North America seems attractive too with the incorporation of dried honey increasing in personal care and cosmetics, and various health foods as a growing interest toward health-enhancing foods is observed in the individuals.

Dried Honey Market: Key Participants

Some of the market participants in the Dried Honey market are:

Specialty Products and Technology Inc.
The Archer Daniels Midland Company
Best Ground International
Bio Botanica, Inc.
Domino Specialty Ingredients (ASR Group)
Haldin Pacific Semesta
Spice Jungle, LLC
Ohly (ABF Ingredients)
Hoosier Hill Farm
Maple Leaf Garden Food Co.
Island Abbey Foods Ltd.
Wuhu Deli Foods Co., Ltd.
Natural Sourcing LLC
Augason Farms

The research report presents a comprehensive assessment of the Dried Honey market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.

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The report covers exhaustive analysis on:

Dried Honey Market Segments
Dried Honey Market Dynamics
Dried Honey Market Size
Dried Honey Supply and Demand
Current Trends/Issues/Challenges pertaining to Dried Honey Market
Competition Landscape and Emerging Market Participants in Dried Honey Market
Value Chain Analysis of the Dried Honey Market

Dried Honey Market Segmentation

The Dried Honey market can be segmented on the basis of product type, nature, end-use, flavours, form, and sales channel

On the basis of product type, the market can be segmented as:

Dried Honey Blend
Spray Dried Honey
Others

On the basis of nature, the market can be segmented as:

Organic
Conventional

On the basis of end use, the market can be segmented as:

Food and Beverages
Special Dietary Formulations
Vinaigrettes
Sauces
Brines
Marinades
Bakery Products
Confectionery
Glazes
Health Foods
Seasonings
Dry Mixes
Beverages
Personal Care and Cosmetics
Others (Pharmaceuticals, etc.)

On the basis of flavours, the market can be segmented as:

Honey (100%)
Honey with Menthol
Honey with Lemon
Honey with Eucalyptus
Honey with Other Flavours

On the basis of form, the market can be segmented as:

Powder
Granular

On the basis of the sales channel, the market can be segmented as:

Direct Sales/B2B
Indirect Sales/B2C
Supermarket/Hypermarket
Retail Stores
Specialty Stores
General Grocery Stores
Online Stores

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Better for You Snacks Market on Track to Grow at 3.3% CAGR, Reaching USD 53,183.7 Million by 2033

The better for you snacks market is expected to experience strong growth in 2023, with a CAGR of 3.3% by 2033 and a global market value of US$ 38,372.3 million. This is due to the increasing health consciousness and knowledge about the benefits of eating cleaner among consumers. Rising concerns about obesity and chronic heart diseases further fuel this.

All this combined is compelling the market to surge in innovative cleaner snacks, including low-sugar, low-calorie, gluten-free, and high-protein snacks. FMI has reason to believe that this consequently caters to diverse dietary preferences and health-related restrictions commonly seen in consumers today.

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Key Takeaways from this Market:

The United States market showed an astonishingly high CAGR of 20.7% through 2033. This could be due to the rising awareness of obesity within the consumer group.
FMI calculated that the market in Germany rose at a CAGR of 6.4% in 2022.
The Japanese market rose at a comparatively lower CAGR of 2.3% in 2022.
In 2022, the better-for-you snacks market in Australia expanded at a CAGR of 2.4%.
The market in China progressed at a CAGR of 6.5% during 2022.
Indian better-for-you snacks market swelled at a steady CAGR of 7.0% during 2022.
During 2022, the market in the United Kingdom augmented by a CAGR of 6.6%.

Competitive Landscape:

The key companies in the better-for-you snack market are focusing mainly on launching new healthier snack options in order to be on par with its exorbitant consumer demand. The companies are also bringing attractive packaging and extended shelf life to their attention while simultaneously striving to source from sustainable and environment-friendly resources. Many companies are coming up with ways to rebrand and present themselves in unique and appealing ways. These products can improve the consumer’s health and are convenient, flavorful, and enjoyable to eat.

Companies are also targeting a certain product price range so that consumers from all income groups can afford to buy them. Leading brands in this competition are:

Unilever

Unilever has started an initiative called Positive Nutrition, which involved reformulating their products to have less salt, sugar, and overall calories. They are also aiming for 70% of their portfolio to meet WHO-aligned nutritional standards.

They are also aiming to provide plant-based meat and dairy alternatives while tackling the issues of food loss and waste.

The Kellogg Company

Kellogg’s is adding fuel to the single-serve snacks category by enhancing its recipes and bettering its existing range of Better For You Snacks. The Better for You range, including Special K, Special K Protein, Nutri-Grain, Cereal and Milk Bars, and Nuts and More bars, supports retailers in meeting the needs of shoppers looking for more nutritious on-the-go products than a simple chocolate bar or other kinds of confectionery snacks.

Nutri-Grain is also relaunching as a wholesome snack to grab on the go, seeing its filling condensed from 17 ingredients down to seven, and a rebrand on packaging to showcase its improved flavor.

Danone

Danone has been partnering with entrepreneurs who are also aiming for a healthy and sustainable future for food. They are enhancing their business model, creating mobile apps for their products, and making flavorful, healthy food more accessible.

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Key Segmentation:

By Type:

Bakery Snacks
Candy
Confectionery
Sweet Frozen Treats
Fruit Snacks
Savory Snacks

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Brown Rice Market Set for Expansion to USD 18,456.50 Million by 2034, Driven by 7.10% Annual Growth

The brown rice market is poised for significant growth, with its value projected to increase from US$ 9,256.90 million in 2024 to US$ 18,456.50 million by 2034. This growth reflects an anticipated acceleration in brown rice consumption, expected to achieve a compound annual growth rate (CAGR) of 7.10% throughout the forecast period.

Rice is one of the major staple food, consumed across the globe by more than half of the total world’s population. Rice is produced and milled globally, yet major percentage of total rice produced is consumed in the countries where it is produced, but growing demand in some areas is driving the international rice trade between the regions.

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Brown rice is the edible whole grain rice, with its outer hull removed. Since, brown rice goes through less processing, it is high in nutritional values as compared to whole white rice. Due to increasing preference towards healthy eating habits and increasing health consciousness, brown rice market is expanding at higher CAGR, compared to overall rice market. Brown rice demand is picking up in the major importing countries, which is attracting the interest of major producers to focus on producing brown rice.

Competitive Landscape of the Brown Rice Industry

Major rice producers and well-established brands dominate a significant portion of the brown rice market, leveraging their extensive distribution networks and brand recognition to maintain a robust presence. Concurrently, lesser-known brands are emerging, focusing on organic, specialty, and locally sourced brown rice offerings. These brands cater to the increasing consumer demand for distinct flavors, ethical sourcing, and unique product offerings.

The brown rice market is built on innovation and differentiation in competition. Brands are seeking unexplored means to urge consumers to buy their products. This also entails the introduction of pre-cooked, convenient brown rice options for time-strapped consumers who prefer ready-to-cook meals.

Recent Developments in the Brown Rice Industry

LT Foods, a global FMCG company originating from India, expanded its Super Food offerings by introducing ‘Daawat Quick Cooking Red Rice,’ rich in phytonutrients and high fiber content, catering to health-conscious consumers.
Lotus Foods, a prominent heirloom and organic rice company, enhanced its Organic Asian Rice Noodle Line with two improved Pad Thai Rice Noodles, available in traditional and brown rice varieties, launched at Natural Products Expo West in Anaheim, CA.
Nuhealth, known for its innovative snacks made from wholegrain brown rice, launched its RiceUP! Brown Rice Bar ranges in six chocolate flavors, offering various health benefits from carefully selected ingredients.
Riviana Foods Inc., America’s leading rice company, revealed a refreshed packaging design for its Success Rice line, including White Rice, Brown Rice, Quinoa, Jasmine Rice, and Basmati Rice, introduced on April 26, 2022.

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Key Companies in the Market

T.K. Ricemill and Ash
Asia Golden Rice Co.Ltd.
Daawat
KRBL Limited
Kohinoor Foods Limited
Shiva Shellac and Chemicals
Amira Nature Foods Ltd.
LT Foods Ltd.
New Bharat Group Rice Mills
Lundberg Family Farms
Kikkoman Corporation
Sukoyaka Brown Rice
Chandrika Group of Mills
Pride India FMCG Limited
Riviana Foods Inc.
Ebro Foods
Agustin Biotech Pvt. Ltd.
SunFoods LLC.
Hain Celestial Group

Key Segments

By Type:

Sweet
Basmati

By Length:

Long-Grain
Medium-Grain
Short-Grain

By Distribution Channel:

Hypermarkets and Supermarket
Grocery Store
Convenience Store
Online
Others

By Region:

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

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Functional Water Market Set to Expand from USD 15,234.39 Million to USD 27,281.72 Million by 2033 with a 6.2% CAGR

The functional water market is estimated to expand at a 6.2% CAGR from 2023 to 2033, from US$ 15,234.39 million in 2023 to US$ 27,281.72 million in 2033.

Functional water is a non-alcoholic beverage whose property has been altered by adding ingredients that offer impressive health benefits and other features.

Ingredients such as raw fruits, vegetables, herbs, consumable acids, vitamins, and minerals are added to water before it becomes functional water.

As water remains the most consumed beverage globally, the functional water market is expected to witness tremendous growth during the forecast period and aftermath.

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The increasing demand for functional foods, the popularity of a holistic mix of health and taste among millennials, and the growing demand for functional water due to the inclusion of essential ingredients such as amino acids, vitamins, minerals, and protein all contribute to the growth of the functional water market. Moreover, the adoption of severe plastic-use rules, public preference for functional water due to packaging utilized by several leading companies, and rising consumer demand for fortified food and beverages all have an impact on the functional water industry.

Government initiatives, a growing population of diabetes and obese patients, increased investment in research and development activities, and a rise in disposable income are the factors which have a beneficial impact on the functional water industry. Furthermore, technical advances, new product launches, and packaging material product innovations provide profitable chances to functional water market players during the projection period.

Key Takeaways

The functional water market is expected to capture a CAGR of 6.2% during the forecast period 2023 to 2033.
Growing popularity of functional water among the working class and millennial population, as well as creative product advancements, are likely to improve and accelerate the market growth over the projection period.
North America dominated the functional water market.

Key Developments

October 2022 – CENTR Brands Corporation announced the addition of CENTR Enhanced, a non-CBD functional sparkling water, to its growing array of health and wellness products.

July 2022 – As a part of Flow Beverage Corp.’s most recent product launch, the Flow Vitamin-Infused Water range of products was offered to consumers in three new organic flavors: Cherry, Citrus, and Elderberry.

March 2022 – Nirvana Water Sciences Corp. introduced their Nirvana HMB + Vitamin D3 spring water as part of Expo West in Anaheim, California. Nirvana HMB + Vitamin D3 is one of the most recent additions to the repertoire. It provides both muscular rehabilitation and immunological support.

May 2021 – PepsiCo Inc., a renowned worldwide food and beverage business, introduced Soul boost, improved sparkling water produced with beneficial additives. The drink comes in two flavors: Lift and Ease. The Lift has 200 mg of ginseng, which aids in mental stamina, and Ease contains 200 mg of theanine, which aids in relaxation.

March 2021 – Nestlé S.A. announced the acquisition of Essentia Water, a premium functional water brand located in Washington. The company’s portfolio is being expanded to include international mineral and premium water brands, as well as healthy hydration products such as functional water.

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Key Segments Profiled in the Market

By Type:

Vitamin
Protein
Others

By Distribution Channel:

Specialty Stores
Supermarket/Hypermarket
Online Stores
Others

By Region:

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

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Emerging Trends in the Global Nutmeg Oil Market Forecasted Growth to USD 713.7 Million by 2032 with a CAGR of 6.5%

The nutmeg oil market is poised for substantial growth, projected to reach US$ 713.7 million by 2032 with a robust compound annual growth rate (CAGR) of 6.5%. In 2022, the market is valued at US$ 378.8 million. Increasingly recognized for their nutritional and therapeutic benefits across diverse industries, nutmeg oils are witnessing rising demand. Their efficacy in treating skin diseases and acne further drives this upward trend in consumption. Notably, the market demonstrated a commendable growth rate of 5.7% from 2016 to 2021.

Nutmeg serves primarily as a spice or as a source for nutmeg oil extraction. Apart from the nut itself, mace can also be utilized for extracting essential oils. Nutmeg oil blends well with various other essential oils such as mandarin, marjoram, rosemary, lavender, cedarwood, clary sage, and sandalwood.

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The global demand for nutmeg oil is expected to surge in the coming years. Rapid urbanization and evolving lifestyles are driving consumers towards retail products, including hair care items, which incorporate nutmeg oil for its grooming benefits. Market players are capitalizing on this trend by introducing a variety of new products across different price points, thereby widening opportunities in the global nutmeg oil market. Improved extraction techniques have significantly boosted production levels, enhancing overall market output. Nutmeg oil’s properties as a decongestant and expectorant are also valued for treating respiratory infections, effectively loosening and expelling mucus and phlegm from the respiratory tract.

Competition Analysis

Key players in the global Nutmeg Oil market include Green Health, Sun Essential Oils, Pure Body Naturals, Healing Solutions, LorAnn Oils, Now, Plant Therapy, Guru Nanda, Artizen, Young Living, Kauveri Spices, Botanic Healthcare Private Limited, Aromaaz International, and many others.

On London, Frankfurt, and Paris flights, Vistara launched wellness amenity kits. Several wellness-related initiatives have been announced by Vistara, including new IFE content and amenity kits. Vistara offered ayurvedic wellness amenity kits for business class passengers from London Heathrow, Frankfurt, and Paris. There are products from Forest Essentials in the kits, such as a sleep spray that contains nutmeg, lavender, sandalwood, and geranium essential oils, and lip balms infused with kokum butter, organic beeswax, and cocoa butter, as well as honey, apricot oil, and burnt cane sugar.

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Key Segments Profiled in the Global Nutmeg Oil Market

Nutmeg Oil Market by Application:

Nutmeg Oil in Pharmaceuticals
Nutmeg Oil in Cosmetics
Nutmeg Oil in Personal Care
Nutmeg Oil in Food Products
Nutmeg Oil in Chemical Industry

Nutmeg Oil Market by Distribution Channel:

Nutmeg Oil Sales via Supermarkets
Nutmeg Oil Sales via Convenience Stores
Nutmeg Oil Sales via Online Retail
Nutmeg Oil Sales via Pharmaceutical Stores

Nutmeg Oil Market by Type:

Liquid Nutmeg Oil
Nutmeg Oil Capsules

Nutmeg Oil Market by Region:

North America Nutmeg Oil Market
Latin America Nutmeg Oil Market
Europe Nutmeg Oil Market
Asia Pacific Nutmeg Oil Market
Middle East & Africa Nutmeg Oil Market

Frequently Asked Questions

What is the anticipated growth of the nutmeg oil market until 2032?

FMI projects the global nutmeg oil market to expand at a 6.5% value CAGR by 2032

Which region is forecast to be the most lucrative for nutmeg oil market growth?

Europe is expected to be the most opportunistic nutmeg oil market, accumulating 39.9% revenue in 2022

Which are some prominent nutmeg oil manufacturers?

Green Health, Sun Essential Oils, Pure Body Naturals, Healing Solutions, and LorAnn Oils are some of the prominent players in the market.

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Play Free Roulette Online: A Comprehensive Guide

If you’re a follower of gambling establishment video games and appreciate the thrill of spinning the live roulette wheel, then you’re in luck! With the innovation of technology, you can now play cost-free roulette online from the convenience of your own home. In this extensive guide, we’ll stroll you via every little thing you need to learn about playing roulette online completely free, including the guidelines of the game, various variations, methods, and where to locate the most effective online systems to play.

The Fundamentals of Roulette

Roulette is a popular casino game that originated in France in the 18th century. The video game consists of a rotating wheel with phoned number areas and a tiny round. Players position bets on where they assume the sphere will land, and if they guess appropriately, they win.

The roulette wheel is split into red and black areas, numbered from 1 to 36. There is also an environment-friendly area with the number 0 (and in some variations, a second green compartment with the number 00). The visibility of the eco-friendly areas gives the house a minor benefit over the players.

The game begins with gamers putting their bank on the table, which includes numerous wagering alternatives such as banking on a specific number, a series of numbers, odd/even, or red/black. When the wagers are placed, the dealer rotates the wheel and drops the ball onto it. The end result is determined by which compartment the sphere lands in.

Straight bet: Betting on a solitary number. Pays 35 to 1.
Split wager: Betting on 2 adjacent numbers. Pays 17 to 1.
Street bet: Betting on 3 numbers straight. Pays 11 to 1.
Corner wager: Betting on 4 numbers that satisfy at an edge. Pays 8 to 1.
Line wager: Betting on six numbers in 2 nearby rows. Pays 5 to 1.

These are just a couple of instances of the many betting alternatives available in roulette. The video game offers a variety of opportunities, making it interesting and uncertain.

Playing Live Roulette Online

Thanks to on the internet casino sites, you can now appreciate the excitement of roulette without leaving your home. Playing live roulette online offers a number of benefits, consisting of the comfort of playing anytime and anywhere, in addition to the ability to play for totally free.

Lots of on-line gambling establishments supply free roulette video games that enable you to exercise and establish your skills prior to playing with actual cash. This is especially advantageous for beginners that intend to acquaint themselves with the video game and its regulations.

To play totally free live roulette online, all you require is a secure internet connection and a gadget such as a computer, smartphone, or tablet computer. Simply see an online gambling enterprise that provides free live roulette, produce an account, and start playing. You can pick in between different variants of the video game, such as American, European, or French roulette.

Playing complimentary roulette online is a fantastic way to learn the game, examination methods, and determine which variants you delight in the most. It’s likewise a safe way to have a good time and experience the excitement of playing live roulette without stressing over losing money.

Approaches for Playing Roulette

Roulette is a game of chance, and no technique can ensure consistent payouts. Nonetheless, there are numerous prominent approaches that some gamers utilize to increase their chances of winning. It is necessary to bear in mind that these strategies are not sure-fire and ought to be made use of with care.

One preferred strategy is the Martingale system, which involves increasing your bet after every loss. The idea behind this method is that ultimately, you will certainly win and redeem your losses. Nevertheless, it is necessary to set limits and know when to quit, as it can be risky and cause considerable losses.

Another approach is the Fibonacci system, which is based upon the Fibonacci sequence of numbers (where each number is the amount of the two coming before ones). With this technique, you enhance your bet according to the Fibonacci sequence after each loss, and lower it after each win.

Various other approaches include the D’Alembert system, the Labouchere system, and the James Bond strategy. Each strategy has its own collection of rules and principles, and it’s up to the gamer to determine which one to use or whether to use any type of strategy in all.

Locating the Best Online Platforms

When it involves playing free live roulette online, it is very important to choose a trustworthy and reliable on the internet casino. There are plenty of online platforms that provide totally free live roulette video games, yet not every one of them are trustworthy. It’s advised to do comprehensive research and read testimonials to guarantee the system is legitimate and secure.

Seek on-line gambling establishments that are accredited and managed by reputable authorities, as this makes certain that the video games are fair and the system runs ethically. In addition, check for reliable customer support, secure repayment alternatives, and a wide range of video games and betting alternatives.

It’s additionally a good concept to make the most of welcome bonus offers and promos offered by on the internet gambling enterprises. Lots of systems offer perks and complimentary spins that can improve your video gaming experience and increase your possibilities of winning.

Verdict

Playing free live roulette online is a wonderful way to enjoy the game without risking your hard-earned money. Whether you’re a novice looking to discover the ropes or a skilled bet 30 casino online player wishing to fine-tune your approaches, on-line platforms offer a hassle-free and available method to play. Take the time to check out different variants, experiment with various methods, and discover the online gambling candyland slots establishment that suits your preferences. Keep in mind to wager sensibly and have a good time!