Market Research Blog – Page 2102 – New Product Development

Zinc-Air Batteries Market to Expand to USD 3.5 Billion by 2033 with 5.7% CAGR

The Zinc-Air Batteries Market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 5.7% over the forecast period from 2023 to 2033. The market size for zinc-air batteries is predicted to experience significant expansion, expected to increase from USD 2.0 Billion in 2023 to reach USD 3.5 Billion by 2033.

As the world embraces the power of renewable energy sources and eco-friendly practices, these cutting-edge batteries are leading the charge toward a green future. Imagine a world where energy storage is not just efficient but also kind to the environment and where power is harnessed from zinc and oxygen reactions, leaving behind no harmful emissions.

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With the advent of energy storage technology, we are witnessing a transformative shift toward sustainable ways of powering our lives. The zinc-air fuel cell batteries are at the forefront of this revolution, offering a resilient and ingenious solution to store and convert energy like never before.

The potential of these batteries goes beyond their green credentials. They boast an extended lifespan, promising a lasting impact on our energy landscape. Moreover, their scalability empowers us to meet the surging energy demands of our dynamic world while ensuring a stable and reliable power supply.

Rechargeable Batteries Leading the Charge in Zinc-Air Batteries Market

Rechargeable batteries are emerging as the top choice in the zinc-air batteries market, driven by their numerous advantages over traditional non-rechargeable counterparts. With a projected CAGR of 5.5% over the analysis period, these batteries offer superior environmental friendliness, as they can be reused multiple times, reducing battery waste and promoting sustainability.

Small Devices Thriving with Zinc-Air Batteries

Small devices, such as hearing aids and miniature sensors, are prominent applications in the zinc-air batteries market, showcasing a projected CAGR of 5.2% during the analysis period. Zinc-air batteries’ lightweight nature and high energy density make them ideal for powering these compact devices.

Regional Performance in the Zinc-Air Batteries Market

The United States zinc-air batteries market is poised for substantial growth by 2033, with an estimated market size of US$ 674 million. The demand for portable and reliable power sources in industries like medical devices, IoT applications, and consumer electronics drives this growth.

The United Kingdom is also performing well in the global market, experiencing notable absolute dollar growth of US$ 56.6 million and maintaining steady growth with a CAGR of 5.4% from 2023 to 2033. Further, the increasing adoption of zinc-air batteries in various sectors and the country’s focus on sustainable energy solutions and environment-friendly technologies contribute to its market success.

China is a leading region in the global zinc-air batteries industry, with a strong historical CAGR of 6.8% and a projected CAGR of 5.6% from 2023 to 2033. The country’s massive population, rapid urbanization, and commitment to renewable energy sources make zinc-air batteries attractive.

Top Key Players Operating in the Zinc-Air Batteries Market

Duracell (USA)
Ravoyac (USA)
Nantenergy (USA)
Electric Fuel Battery Corporation (USA)
ZAF Energy System (USA)
Varta AG (Germany)
GP Batteries (Hong Kong)
Phinenergy (Israel)
Thunderzee (USA)
Renata SA (Switzerland)
AZA Battery (Belgium)

Innovations in the Zinc-Air Batteries Market

Zinc8 Energy Solutions Inc. announced the expansion of its zinc-air battery production plant in the United States market in September 2022. This development is intended to broaden the battery’s product offering.
Form Energy, a Boston-based firm, created a breakthrough low-cost, long-duration rechargeable iron-air battery that can produce energy for 100 hours at system prices and costs less than one-tenth the cost of a lithium-ion battery in July 2021.

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Key Segments Covered in the Zinc-Air Batteries Market

By Type:

Rechargeable
Non-Rechargeable

By Application:

Small Devices
Remote Signaling & Communications
Electric Cars
Safety Lamps
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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:

Nandini Singh Sawlani

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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Global Zero Emission Vehicle Market to Surge to US$ 2,384.66 billion by 2033 with 25.4% CAGR

The global zero emission vehicle market is valued at US$ 248 billion as on 2023. The market is expected to grow at a CAGR of 25.4% during the forecast period, and is anticipated to reach a valuation of US$ 2,384.66 billion by 2033.

One of the key factors that has led to an increase in the demand for zero emission vehicle is the fact that these do not emit harmful gases. Thus, the governments worldwide have started incentivising consumers who make use of the zero emission vehicles.

Apart from that, the noise generated by the zero emission vehicles is much less as compared to traditional fuel-based cars, which might as well increase their sales during the forecast period.

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Moreover, a lot of zero emission vehicles run on electricity, which is a renewable source of energy, unlike the fuel-based vehicles, which are typically non-renewable source of energy. Therefore, the manufacturers are of the view that the production of electricity of much easier as compared to fuels, which takes millions of years in order to form.

Apart from that, the automobile manufacturers who were into manufacturing fuel-based vehicles are gradually transitioning towards zero emission vehicles. Furthermore, the manufacturers are also carrying out intense marketing campaigns to convey the benefits of these vehicle, which would have a positive impact on zero emission vehicle adoption trends.

Furthermore, on comparing with the fuel-based cars, the operational cost of zero emission vehicle is almost one-tenth the price of the fuel-based counterparts. This might as well increase the market share of zero emission vehicle.

Thus, from the insights provided by FMI researchers, it can be concluded that “the ability to contain air and noise pollution, coupled with increasing government initiatives to tackle pollution, and a number of other factors are expected to surge the zero emission vehicle market growth during the forecast period.”

Key Takeaways:

The zero emission vehicle market is projected to grow at a CAGR of 25.4% during the period 2023-2033.
The market is valued at US$ 248 billion as on 2023.
The market is expected to reach a valuation of US$ 2,384.66 billion by 2033.
North America region is currently the largest market, and has a market share of around 42%.
USA is currently the largest market in North America market, with a share of nearly 58%.
Asia Pacific currently has a market share of 30%, and is expected to be the fastest growing market during the forecast period.
The South Korea zero emission vehicle market is currently driven by key players who are investing in the R&D aspect of the business.
The Japan market is expected to show a considerable growth owing to the subsidies provided by the government.
Europe currently has a market share of 21%, and is expected to be one of the most crucial markets.
Based on the application, the commercial vehicle segment had the highest market share of nearly 50% in 2022.
By price, the mid-price segment had the largest market share of around 73%.

Competitive Landscape

The key players in the zero emission vehicle market are investing huge amounts in the process of mergers and acquisitions. This is done in an effort to lay more emphasis on knowledge sharing and technology sharing. Apart from that, the focus is also on expanding the footprints in order to garner a huge market share.

Some of the recent developments in the zero emission vehicle market are:

In March 2022, Kia Carens received an overwhelming response, and crossed 50,000 mark.
In December 2022, BMW commenced the production of small-series hydrogen powered model.

Key Companies Profiled

Fiat
Hyundai
BMW
Kia
Chevrolet
Toyota
BYD
Tesla
Nissan
Volkswagen

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Zero Emission Vehicle Market Segmentation

By Vehicle Type:

Battery Electric Vehicle,
Plug-in Hybrid Electric Vehicle,
Fuel Cell Electric Vehicle

By Application:

Commercial Vehicle,
Passenger Vehicle,
Two Wheelers

By Price:

Mid-Priced,
Luxury

By Vehicle Drive Type:

Front Wheel Drive,
Rear Wheel Drive,
All Wheel Drive

By Top Speed:

Less Than 100 MPH,
100 to 125 MPH,
More Than 125 MPH

By Source of Power:

Gasoline,
CNG,
Diesel,
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Freeze-Dried Pet Food Market Projected to Surge, Expected to Reach USD 29,589.7 Million by 2034 | FMI

The global freeze-dried pet food market value is expected to rise from US$ 18,250.07 million in 2024 to US$ 29,589.7 million by 2034. This market is expected to be driven by a CAGR of 5.0% over the next decade.

Primary factors like rising disposable incomes and economic development in urban areas facilitate pet owners to utilize more resources for their pets’ well-being. Urban populations are thus investing in superior quality pet food choices, like freeze-dried varieties, which are considered more nutritious and healthier than their traditional counterparts.

Demand for freeze-dried pet food is driven by the rapid humanization of pets, in tandem with increasing advertisements and endorsements. Further, the sales of freeze-dried pet food are increasing on account of surging access to an extensive variety of brands and products with a single click via online shopping platforms. The unparalleled convenience of using online channels is contributing to market growth.

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Key Takeaways from the Freeze-dried Pet Food Market Report

The freeze-dried pet food market attained a valuation of US$ 14,679.67 million in 2019. In the historical period, the market observed a CAGR of 4.60%.
By nature, the conventional segment is expected to acquire a share of 82.8% in 2024.
Dog in the pet type category is anticipated to obtain a value share of 56.90% in 2024.
The United States freeze-dried pet food industry is estimated to register a CAGR of 7.40% over the forecast period.
In Europe, the German freeze-dried pet food industry is anticipated to expand at a 4.7% CAGR from 2024 to 2034.
China is expected to experience a 4.8% CAGR during the assessment period.

“Key players are focusing on product innovation to differentiate themselves from the crowd,” says an analyst of Future Market Insights.

Competitive Landscape

Key players are zeroing in on building customer loyalty and developing new products to advance the freeze-dried pet food market. Additionally, they are investing their funds in effective marketing and branding to increase their market reach.

Market players are expected to establish themselves in new markets where customer segments remain untapped. To gain customers in these markets, players are adapting their product offerings to serve the demands of the new market.

Industry participants are setting competitive prices and maintaining efficient distribution channels to make services and products more attractive and accessible to an extended audience. Competitors are also employing inorganic strategies to quickly gain a larger market share. One such strategy is mergers and acquisitions. It provides quick access to expertise and resources.

Recent Developments that are Spurring Growth in the Freeze-dried Pet Food Market

Petco Health and Wellness Company, Inc. joined forces with Stella & Chewy’s in 2023. As a result of this partnership, the company released the brand’s natural and raw food products at petco.com, Petco pet care centers, and the Petco app.
Red River Potatoes revealed that it is transforming a waste stream from wash streams in September 2022. The firm has been searching for investment opportunities to expand its pet food ingredient business by concentrating on dehydrated pet food.
The Honest Kitchen, which is a natural human-grade pet foods firm, declared the successful completion of a rigorous assessment in September 2022. This evaluation is for the company to become a Certified B Corporation, which implies that the business has achieved a gold standard of environmental and social performance.
YUMMERS, an omnichannel pet lifestyle brand, released a premium product in September 2022. The “Gourmet Mix-ins” provide tender morsels and freeze-dried single-ingredient proteins in flavors like Beef Liver, Chicken, Turkey and Cranberry, etc.

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Freeze-dried Pet Food Market Research by Categories

By Pet Type:

Cat
- Kitten
- Senior
Dog
- Puppy
- Adult
- Senior
Others

By Nature:

Organic
Conventional

By Source:

Animal Derived
Plant Derived
Insect Derived

By Process Type:

100% freeze-dried
Partly freeze-dried

By Sales Channel:

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

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin 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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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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Baking Soda Substitute Market Forecasted to Reach USD 7.5 Billion by 2033, Finds FMI Report

The market for baking soda Substitute was valued at US$ 4.1 billion in 2022, and it is predicted that it will expand to US$ 7.5 billion by 2033, with a CAGR of 6.1% from 2023 to 2033. The demand for premixes for different bakery goods is expanding, which has caused people to pay more attention to healthier options such as alternatives to baking soda.

A crucial element used to lengthen the shelf life, increase flavor, and improve texture is baking soda alternative. The demand for baking soda substitutes is anticipated to increase as people become more aware of the harmful effects of baking soda on well-being and the need for natural alternatives. The need for baking soda substitutes is expected to rise due to the boom in the baking sector. Consumer appetite for ready-to-eat bakery products has increased as a result of factors such as urbanization, changes in lifestyles, the rise in nuclear families and the growing number of working women, the impact of western culture, etc. This has drawn consumers’ attention to healthier alternatives to baking soda.

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When making a variety of bakery items, the baking soda alternative is a crucial component that is needed to enhance the taste, appearance, volume, shelf-life, and other aspects of the finished product. The demand for baking soda alternatives has increased due to growing knowledge of the negative health consequences of baking soda and rising levels of bakery product consumption. Factors as these are likely to boost the global market during the forecast period.

Key Takeaways from the Market Study

Sales in the global market for baking soda alternatives increased significantly between 2018 and 2022, achieving a CAGR of 5.5%.
In 2022, baking powder will represent 45.5% of the market for baking soda alternatives.
In 2023, it is anticipated that online sales will represent 40.2% of total sales, growing at a 5.5% CAGR during the projected period.
The market for baking soda alternatives in North America accounted for 45.7% of the worldwide market in 2022.
In 2022, 21.5% of the worldwide market share for baking soda alternatives was held by the United States.
In 2022, the India baking soda substitute market was worth US$ 428 million, or around 18.5% of the worldwide baking soda substitute industry.

“The baking soda substitutes boost volume, increase taste and texture, and lengthen the shelf life of baked goods, which is a significant driver of the global baking soda substitute market,” remarks an FMI analyst.

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Competitive Landscape

Prominent players in the baking soda substitute market are:

BHS Specialty Chemical Products
Bob’s Red Mill Natural Foods
Archer Daniels Midland Co.
Cargill, Inc.
Weikfield Products Co. Pvt. Ltd
Corbion N.V.
AB Mauri
Koninklijke DSM N.V.
Lesaffre et Compagnie
Lallemand Inc.
Kudos Blends Limited
Associated British Foods PLC (ABF)

Major market rivals are focusing on mergers and acquisitions to expand their product offerings and increase their manufacturing capacity and to better fulfill consumer demand. Several significant developments in the market for baking soda alternatives include:

One of the global leaders in nutrition solutions supported by research, ADM, said in 2023 that it had constructed an additional manufacturing plant in Valencia, Spain, in order to address the growing demand for postbiotics, probiotics, and other goods that promote health and wellbeing. The manufacturing plant represents an expenditure of more than $30 million along with an increase in production capacity of over five times, to 50 metric tons annually, for ADM.
The facility will enable ADM to offer probiotics and postbiotics to expanding markets in the Americas, the Pacific Rim, and Europe. ADM anticipates that its client base will more than treble over the following five years as more individuals become aware of the connections between the gut microbiota and other aspects of health and search for solutions suited to their individual needs.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global baking soda substitute market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the baking soda substitute market, the market is segmented on the basis of form, product type, end-use application, and sales channel across seven major regions.

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Key Segments Profiled in the Baking Soda Substitute Market

By Form:

Powder
Liquid

By Product Type:

Baking Powder
Potassium Bicarbonate
Yeast
Eggs
Others (e.g. Ammonium bicarbonate, etc.)

By End-Use Application:

Household
Foodservice
Food Industry

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
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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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EV Charger Market is expected to reach USD 68,967.2 million by 2033

According to ESOMAR-certified Future Market Insights’ (FMI) – By the end of the year 2033, the overall valuation of the global EV charger market is expected to be around USD 68,967.2 million. This year, it is expected to be USD 6,520.9 million and increase at a CAGR of 26.6% from 2023 to 2033. The net worth of all EV chargers sold in 2022 was estimated to be around US$ 5,130.5 million in 2022.

In response to the ongoing escalation in the cost of gasoline and diesel, there are greater sales of fuel-efficient automobiles like BEVs and HEVS. The depletion of fossil fuel sources and the rising propensity of businesses to maximize profit from these oil reserves are to blame for this. Therefore, these factors increase the need for cutting-edge EV charging technology, resulting in a rise in the popularity of electrically driven automobiles.

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Key Takeaways

Germany holds an overall market share of 11.2% of the global EV charger business, which is higher than any other country. With the presence of some of the leading electric vehicle suppliers, it is poised to hold its dominance in the coming days.
The United States follows Germany in the production and sales of EV chargers, and contributes nearly 9.6% of the global revenue share. Significant expenditure by the key EV charger market players in research and development is poised to keep it a market leader in this sector.
In the Asia Pacific region, China is the leading manufacturer of chargers for electric vehicles and is poised to grow at 20.8% on an annual basis.
Meanwhile, India is anticipated to witness a year-on-year growth rate of 26.6% during the period from 2023 to 2033.
Based on vehicle type, battery-operated electric vehicles (BEVs) generate the most amount of demand for EV chargers around the world. In the year 2022, this market segment contributed revenue of around US$ 2,350 million, which was figured out to be 45.8% of the global EV charger market size.
Japan is also a prominent market, with substantial demand for EV chargers owing to the presence of many EV manufacturing companies. The overall value of the Japan EV charger market is expected to reach US$ 413.8 million by 2033.

Competitive Landscape

Key players operating in the global EV charger market are ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, bp pulse, Schaffner Holding AG, and POD point among others.

Due to the existence of multiple market entities, the global EV charger industry is fairly fragmented and is getting more competitive each year. Also, for enhancing their market positions and expanding their shares, the leading players are consistently engaged in a variety of R&D initiatives. Other strategies include partnerships, buyouts, acquisitions, cooperation, new product introductions, and many others.

Recent Developments

BorgWarner Inc. finalized acquiring Delphi Technologies Company in the year 2020. The EV power electronics products, including the EV charger business of BorgWarner, are expected to benefit from the merger with Delphi Technologies.
According to an agreement between Enel X, Be Charge, and Eni Apps in December 2021, customers can utilize their smartphones to access charging stations.

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Key Segments

By Vehicle Type:

Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)

By Charging Type:

On-board Charger
Off-board Charger
Others

By End User:

Residential Electric Vehicles
Commercial Electric Vehicles
Other Electric Vehicles

By Region:

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

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Plasma Powder Market Projected to Surpass USD 3.0 Billion by 2032, Fueled by 5.2% Annual Growth

The Plasma Powder market has been witnessing remarkable growth in recent years, driven by its diverse applications in various industries. This fine, high-quality powder is produced through plasma atomization, ensuring consistent particle size and superior purity. Industries like aerospace, automotive, and electronics are major consumers, utilizing plasma powder in additive manufacturing, coatings, and metal injection molding processes.

According to a recent study by FMI, sales of plasma powder are expected to surpass a valuation of US$ 3.0 Bn in 2032, rising at a CAGR of around 5.2% through 2032.

The food sector has been pushed to become more involved in the international promotion of healthy diets. Food producers’ voluntary initiatives to improve the quality of processed meals have augmented the demand for healthy processed foods like plasma powder.

Plasma powders are utilized in food applications as a good protein source, gravy thickening, and binding agent. Increasing demand for healthy processed food products is thus projected to drive the global market.

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Ability of plasma powder to raise protein content, improve product quality, assure uniform desirable texture, and thicken gravy is expected to drive its demand for usage in culinary products. Urgent need for multi-functionality, convenience, and organic food items worldwide is also set to propel the demand for food thickeners.

Rising need for food thickeners for use in soups, sauces, stews, and broths is another vital factor that would aid growth. Increasing consumer preference for high-protein foods, as well as rising demand for ready-to-eat, high-nutrition foods would have a beneficial impact on the plasma powder market.

Key Takeaways: Plasma Powder Market

The U.S. is estimated to account for more than 30% of the North America plasma powder market in 2022.
By application, the swine feed sub-segment is expected to surpass US$ 0.9 Bn by 2032.
Germany is dominating the Europe plasma powder market due to increased demand for plant protein in the powdered form.
Based on source, the porcine segment is set to reach a valuation of US$ 1.5 Bn in 2022.
Application of plasma powder is likely to grow in the pharmaceutical sector with rising demand for personalized medicines.

“Key players are investing in R&D activities to introduce new products and gain a competitive advantage. They are also engaging in collaborations, acquisitions, mergers, and partnerships to expand their consumer base and increase revenues,” says a FMI analyst.

Competitive Landscape: Plasma Powder Market

Key players operating in the global plasma powder market are focusing on attracting a large consumer base by implementing various strategies such as product innovations, marketing & promotional activities, expansion of distribution channels, and sustainable production techniques.

Some of the leading companies offering plasma powder are ACTIPRO, Lican Alimentos S.A., APC Company Inc., Merck KGaA, Rocky Mountain Biologicals LLC, Veos N.V., Darling Ingredients Inc. (Sonac), Acontex GmbH, SARIA Group, and Shenzhen Tier among others.

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More Valuable Insights on the Plasma Powder Market:
FMI, in its new offering, provides an unbiased analysis of plasma powder presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Plasma Powder Market Outlook by Category

By Source:

Bovine
Porcine
Other

By Application:

Animal Feed
- Swine Feed
- Poultry Feed
- Pet Food
- Aquafeed
- Ruminant Feed
- Others
Food
Pharmaceutical
Others

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Sea Salt Market Expected to Grow at 4.2% CAGR, Forecasted to Exceed USD 786.1 Million by 2034 | FMI

The sea salt market value is expected to rise from US$ 553.6 million in 2024 to US$ 786.1 million by 2034. This market is analyzed to expand at a CAGR of 4.20% over the next decade.

The latest consumer trend in the sea salt market is the increasing popularity of unrefined, preservative-free products. Further, the surging awareness of sea salt benefits like anti-aging and anti-inflammatory are increasing their use in varied end-use industries.

The consumption of sea salt is particularly high in the food and beverage industry. Therefore, players are typically introducing several new flavors and making innovations in the food-grade sea salt offering. For instance, manufacturers are releasing desserts with chocolate or caramel flavors that incorporate sea salt to enhance the flavor.

“Manufacturers and exporters of sea salt are improving their sales by investing in strategies to lower their production cost and potentially the final product’s price. Further, players are selling their products on online stores for a wider reach and accessibility the world over,” says an analyst of Future Market Insights.

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Key Takeaways from the Sea Salt Market Report

The global sea salt market amounted to US$ 467.8 million in 2019. In the historical period, the market assumed a pace of 3.1% CAGR.
The food and beverages segment are the leading end user of sea salt, acquiring 60.4% of the global market.
Consumers increasingly buy sea salt sold in bags, due to their convenience to store and use. The packaging bag accounts for 35.4% value share in the global market.
The United States sea salt market registers a 3.1% CAGR over the forecast period.
In Europe, Germany is going to spearhead the market at a 4.2% CAGR over the next 10 years
Within Asia Pacific, India is going to pull the market upward by expanding at a 6.8% CAGR in the next decade.

Top Strategies Employed by Market Players

Key players are focusing on reducing the prices of sea salt to increase their penetration across the globe, especially in price-sensitive countries. For this, they are employing various technologies and further investing in research and development practices.

Players are further introducing new flavored sea salts in the market to draw in more customers and sales. Market participants are offering their products on virtual platforms to increase their visibility among potential prospects. Selling products online also helps players deliver many benefits to their customers like discounts, rebates, fast delivery, and extended reach.

Latest Developments in the Sea Salt Market

In October 2023, Eco Salt, a South Korean company specializing in eco-friendly salt introduced a premium salt brand that fine-tunes the magnesium content and removes microplastics. The company follows the Magnesium Micro-plastic Free (MMPF) method to eliminate 95% microplastics from sea salt and reduce magnesium content. This method has been praised for its ease of use, economic feasibility, and superior functionality over conventional technologies.
In January 2021, Cargill introduced a purified sea salt floor. This ingredient is a distinct type of powder-like, finely cut sodium chloride. It is appropriate for applications that need extreme fine sizing and easy blending, such as cereal, dry soup, spice mixes, and flour, as well as seasoning snack foods. Other functional benefits of this ingredient are that it dissolves faster in liquids than traditional salt crystals and it effectively adheres to food, which results in reduced salt waste.

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Market Segmentation

Classification by Packaging:

Bags
Pouches
Sacks
Shakes
Glass Jars

By Multiple Applications:

Regenerating Water Agent
De-icing Agent
Detoxifying Agent
Anti-Oxidant Agent

By Various End Users:

Food and Beverages
Agriculture
Cosmetics
Animal Food
HORECA

Segregation by Distribution Channels:

Specialty Stores
Convenience Stores
Retail
E-Commerce

By Regions:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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

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Global Pizza Crust Mix Market Expected to Hit USD 2.13 Billion by 2032 with Annual Growth Rate of 5.50%

The global pizza crust mix market is valued at US$1,248.3 million in 2022. According to the report, pizza crust mix sales will grow at a CAGR of 5.50% to reach an estimate of $2,132.3 million by 2032.

Pizza Crust Mix is a batter mix for the pizza crust formation. It is widely used as an ingredient in the household while baking the pizza crust as well as a foodservice ingredient by the bakers globally. It is mixed in proportionate form so as to bake a uniform pizza crust. The market for Pizza Crust Mix is expected to grow due to rising demand for fast food by the millennial population and the westernization culture being highly adopted in the developing regions globally.

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Market Segmentation
Pizza Crust Mix market can be segmented on the basis of product type, packaging type, distribution channel, and region.
On the basis of product type, Pizza Crust Mix Market can be segmented into whole grain pizza crust mix, semolina flour, and gluten-free pizza crust mix.
On the basis of packaging type, Pizza Crust Mix Market can be segmented into pouches and jars/containers.
On the basis of the distribution channel, Pizza Crust Mix market can be segmented into direct and retail sales. Direct sales refer to direct selling of Pizza Crust Mix as an ingredient to bakery units. Retail sales are further segmented into hypermarket/supermarket, convenience stores, online retailers, and other retailing formats.

Drivers, Restraints, and Trends
The key demand of Pizza Crust Mix includes majorly from the foodservice and household use. The growing demand due to growing tastes and preferences with different varieties of ingredients in the pizza crust mix, the rising disposable income, awareness among consumers in using specified ingredients in their food products are all expected to grow the market for Pizza Crust Mix in the projected period. The growing preference for packaged food products on account of hectic lifestyle patterns is further subjected to grow the market globally.

The major restraint is the high presence of MSG as an ingredient in pizza crust mix is expected to hider the market growth in the forecasted period.

Regional Outlook
Europe has been a major contributor towards the Pizza Crust Mix due to the high demand and innovations in the bakery industry. Also growing tourism and rising preference towards gluten-free in pizza crust mix products is further expected to grow the market in the projected period. The high consumption & growing demand for packaged products in North America and Europe region is expected to further grow the demand for Pizza Crust Mix among the manufacturers of bread products.

The presence of highly populous countries, coupled with increasing preference for packaged goods and new innovations taking place in the bakery sector is expected to grow the market for the Pizza Crust Mix in the Asia Pacific region in the projected period. Although in the Middle East regions, the rising demand for Pizza Crust Mix among food manufacturers is expected to grow the market due to growing demand for bread and loafs in the region as one of the staple food product. Increasing urbanization in the region is further expected to grow the market in the region in the forecasted period.

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Key Players
Some of the prominent players of Pizza Crust Mix are Bob’s Red Mill, King Arthur Flour, Archer-Daniels-Midlands Co., Hodgson Mill, Martha White, and various other regional manufacturers.

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

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:

Nandini Singh Sawlani

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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Fermented Dairy Products Market Analysis: Size, Growth, and Investment Opportunities by 2032

The global fermented dairy products market is expected to accumulate US$ 4,920.5 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 8.5% has been projected for the market, with an expected closing value worth US$ 11,125.2 Million. During the 2016-2021 historical period, the industry grew at a value CAGR worth 8.1%.

This growing consumption of milk and milk products is creating significant growth opportunities for dairy product manufacturers who are now incorporating additional value to their products using fermented diary ingredients.

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Demand for nutritional products has soared in recent years, especially in developing countries where malnourishment remains a major concern. Fermented dairy products being a major source of nutrition are gaining traction in both developed and emerging countries. Food and Agriculture Organization (FAO), revealed that approximately 150 million households are currently engaged in milk production across the globe. Over the last three decades, the global milk production has increased by over 50%, from 500 million tonnes in 1983 to 769 million tonnes in 2013.

As per the report, the global fermented dairy market is slated to reach a valuation of US$ 4,856.5 Mn by the end of 2017. Increasing per capita expenditure on dairy products is expected to favour the future prospects of the global fermented dairy ingredients market. The report also assesses that fermented dairy ingredients are likely to face stern competition from cheaper alternatives available in the market.

In addition, growing consumer preference for alternative products such as probiotics and other supplements is expected to dampen the surging spirit of the global fermented dairy ingredients market to a certain extent. Fluctuating prices of fermented dairy products and unsafe handling process that compromises product safety and quality is also subduing the growth of the market in regions such Europe and Asia Pacific.

By product type, cheese currently accounts for the largest value share of the market followed by flavoured milk. This is primarily owing to the growing interest of dairy ingredient manufacturers to bring new innovative cheese products with unique flavours and improved textures in order to increase the product value. Meanwhile, the yoghurt segment is projected to witness the fastest CAGR, as the global consumption of yoghurt is on the rise.

Among regions, the market in Western Europe accounted for the largest revenue share in 2016, reaching a valuation of US$ 1,366 Mn. Towards the end of forecast period, the region’s market is expected to stand at US$ 3,575.7 Mn, expanding at a CAGR of 9.2%. The abolition of milk quota system and increasing demand for frozen and freeze-dried starter dairy cultures is driving the market for fermented dairy ingredients in Western Europe. Asia Pacific (APEC) and North America are the two other lucrative markets for fermented dairy ingredients. Between 2017 and 2027, the market in APEJ is set to witness a robust CAGR of 10.5%, which is credited to the rising popularity of flavoured milk among consumers across China and Australia.

Some of the leading companies profiled in the report include Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Chr. Hansen Holding A/S, Cargill Incorporated, Bioprox (A subsidiary of Proxis Développement), Novozymes, Kerry Inc, Archer Daniels Midland Company, Ingredion Incorporated, Arla Foods Ingredients Group P/S, Lake International Technologies, DairyChem Inc., CSK Food Enrichment, CP Ingredients Limited, Epi Ingredeints, Dairy Connection Inc., Socius Ingredients LLC, The Tatua Cooperative Dairy Company Ltd, Koninklijke DSM NV, Corbion. Manufacturers are providing ingredients according to specific requirements of the client. Also, many of the players are actively focusing on launching variety of ingredients in the market to increase their consumer base.

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Key Segments Covered in the Fermented Dairy Products Industry Report

Fermented Dairy Yogurt

Fermented Dairy Kefir

Fermented Dairy Cheese

Fermented Dairy Sour Cream

Fermented Dairy Buttermilk

Fermented Dairy Products Market by Ingredients:

Culture-Fermented Dairy Products

Enzymes Fermented Dairy Products

Fermented Dairy Products Market by Sales Channel:

Modern Trade

Convenience Stores

E-commerce

About Future Market Insights (FMI)

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

Contact FMI:

Nandini Singh Sawlani
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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Par-Baked Bread Market: Pioneering Innovations and Business Expansion by 2032

Total sales of par-baked bread are expected to surpass a value of USD 8.8 Bn by 2032, rising at a CAGR of around 4.5% over the forecast period.

As par-baked bread involve less time and effort than cooking from scratch, a rising preference for convenience foods indirectly fuels demand for the product. Due to customers’ busy lifestyles, the processed food business like the par-baked bread market is driven by a higher need for convenience.

Online grocery shopping and the development of new apps are two of the most recent innovations pushing sales in the market, making it easier for consumers to select their chosen products. Consumers like Internet purchasing because of the ease and variety it offers.

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According to Eurostat, in 2018, over 25% of the population bought food and consumables from online retail channels. Retail grocery shopping is becoming one of the platforms for companies to exhibit and sell their goods as internet and smartphone usage grows, therefore, pushing the sales of par-baked bread.

As per the statistics revealed by the American Frozen Food Institute, sales of frozen food products reached US$ 65.1 billion in 2020. All meal occasions, including dinner, lunch, and snacks, are contributing to a rise in frozen and semi-frozen food purchases, thereby boosting par-baked bread sales.

Key Takeaways:

Based on product type, sales of par-backed rolls are expected to remain high.
In terms of sales channel, the offline segment will account for a dominant share in the market.
The rising popularity of par-baked bread in the Europe market is clearly demonstrated by rapid innovation and frequent introductions of new frozen goods.
Germany is forecast to account for 21% of the Europe par-baked bread market share by 2032.
The U.S. will continue dominating the North America par-baked bread market over the assessment period due to high demand for par-baked rolls.
France will emerge as a lucrative pocket as demand for artisanal bread products continues to grow.

“Increasing sales of packaged food products, along with growing trend of in-store bakeries across the globe will fuel demand for par-baked bread over the forecast period,” says an FMI analyst.

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Competition Landscape

As the consumption of par-baked bread has been increasing around the world, producers have continued to place a greater emphasis on product premiumization through innovation.

Key players operating in the global par-baked bread market are also focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activities, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering par-baked bread are Vandemoortele N.V., The Soufflet Group, Delifrance, Country Style Foods, Europe Des Pains, Rich Products Corporation, Lantmannen Unibake, Prima International, Greendale Group, and Menissez.

Get Valuable Insights into Par-Baked Bread Market

FMI, in its new offering, provides an unbiased analysis of par-baked bread presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for par-baked bread based on type (rolls, baguette, loaf, ciabatta, polka bread, and other), by end-user (artisans bakers, hypermarkets & supermarkets, convenience stores, and bakery chains) across five major regions.

Par-Baked Bread Market by Category

By Type:

Rolls
Baguette
Loaf
Ciabatta
Polka Bread
Others

By End-User:

Artisans Bakers
Hypermarkets & Supermarkets
Convenience Stores
Bakery Chains

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Frequently Asked Questions

How big is the par-baked bread market?
At what rate is the demand for par-baked bread projected to increase?
What is the North America par-baked bread market Outlook?
At what rate will par-baked bread demand grow in Europe?
What are the key trends shaping the par-baked bread market?
At what rate will par-baked bread demand grow in MEA?

About Future Market Insights (FMI)

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

Contact FMI: