Transforming Farming: Blockchain in Agriculture Market Expected to Surge at 41.0% CAGR by 2029

The global Blockchain in agriculture market size is expected to reach US$ 2068.5 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 41.00% CAGR between 2019 and 2029. According to the report, increasing cases of food contamination and food scams in the agricultural sector give rise to the growth of transparent supply chain methods; this factor is expected to act as a driver for market growth.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations. According to the FAO, about one-third of the food produced worldwide is wasted each year, which calls for a need to estimate and control the real supply and demand of food items so that they reach the poor. These problems can be tackled easily and efficiently using the blockchain network.

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

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

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Production and Distribution Impacted Due to COVID-19 Outbreak

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

Who is Winning?

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

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

BLOCKCHAIN IN AGRICULTURE MARKET TAXONOMY

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

Provider

  • Application and solution provider
  • Middleware provider
  • Infrastructure and protocol provider

Application

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

Organization size

  • Large enterprises
  • Small and medium-sized (SMEs) enterprises

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Blockchain In Agriculture Market – Key Research Findings

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

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:

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Sales of Seaweed Packaging to Surge at 6.0% CAGR, Reaching US$ 1,224.5 Million by 2033 | FMI Study

Seaweed Packaging Market
Seaweed Packaging Market

FMI, has projected the seaweed packaging market to reach a valuation of US$ 682.1 million in 2023 and expected to rise to US$ 1,224.5 million by 2033, with a significant compound annual growth rate (CAGR) of 6.0% during the forecast period. The seaweed packaging industry is gaining traction due to concerns over plastic waste and the need for more sustainable alternatives.

Seaweed is a renewable resource that can be grown without land or freshwater, making it an eco-friendly packaging option. Seaweed packaging is biodegradable and compostable, making it an environmentally safe option.

Several companies are investing in product development to enhance seaweed packaging’s biodegradability characteristics. This trend is expected to continue in the future, leading to new developments and applications for seaweed packaging.

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Seaweed packaging has several advantages over standard plastic packaging. It does not contribute to the global concern of plastic waste and is renewable. Additionally, seaweed has natural antimicrobial properties that can help products last longer.

While seaweed-based packaging is still more expensive than traditional plastic packaging, costs are expected to fall as the industry expands and new manufacturing methods are developed.

FMI predicts that packaging films derived from seaweed will become a popular alternative to regular plastic packaging films, acquiring more than 39.1% of market share in 2022. Seaweed-based films are food-safe and may be used to package a variety of products, including fresh vegetables, snacks, and frozen foods, in addition to being environmentally friendly. They can also be tailored to specific packaging requirements, such as moisture resistance or oxygen permeability.

The food sector is expected to acquire 55.1% market share of the seaweed packaging market. Seaweed packaging has enormous potential in the food and beverage industries since it offers a sustainable and eco-friendly alternative to standard plastic packaging. Seaweed-based packaging has several advantages over traditional plastic packaging, including prolonged shelf life, better freshness, and biodegradability.

Europe is a leader in seaweed packaging, with a market share of 36.2% in 2022. The region’s emphasis on sustainability and environmental protection, flourishing seaweed industry, and circular economy strategy have contributed to its adoption of sustainable packaging solutions such as seaweed-based materials.

The United States is another prominent market, with a market share of 26.5% in 2022, due to encouraging government policies. The seaweed packaging industry is poised for significant growth, and FMI’s research indicates that the future appears bright.

India’s population of over 1.3 billion presents a significant market for sustainable packaging solutions, given the growing demand for eco-friendly products. The region is projected to record a 9.4% CAGR during the 2023-2033 period. India’s high consumption of plastic has led to increased awareness of plastic waste’s environmental impact. With its extensive coastline, the country has a long history of seaweed farming and processing, providing a foundation for a seaweed-based packaging industry.

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Competitve Landscape

Amtrex Nature Care Pvt. Ltd., Apeel Sciences, Coolhaus, Devro Plc, Do Eat, JRF Technology, Lactips, Mantrose UK Ltd., Monosol LLC, Nagase America, Notpla Ltd., and Regeno Bio-Bags are among the key companies in the seaweed packaging market. To strengthen their position in the worldwide bakery premixes market, leading players are focused on tactics such as product innovations, mergers and acquisitions, latest developments, joint venture, collaborations, and partnership.

For example, Kuraray’s MonoSol Division announced intentions in November 2019 to expand its operations by building a new manufacturing facility in Poland to address rapidly expanding demand for its water-soluble and biodegradable films. Furthermore, the company confirmed plans to expand manufacturing capacity at its recently completed plant in Lebanon, Indiana, near Indianapolis. MonoSol is a subsidiary of the Tokyo-based Kuraray Group, a global leader in specialty chemicals.

Key Segments Covered in the Seaweed Packaging Market Report

By Product Format:

  • Sheets
  • Films
  • Pouches
  • Boxes
  • Trays
  • Other

By Packaging Type:

  • Primary
  • Secondary
  • Tertiary

By End-Use:

  • Food
  • Personal Care
  • Cosmetics
  • Pharmaceuticals
  • Healthcare

By Region:

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

About Future Market Insights Inc. (FMI)

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

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Sales of Sea Buckthorn Global Market Strategic Growth & Forecast Analysis – 2024-2034

Sea Buckthorn Market
Sea Buckthorn Market

The sea buckthorn market is expected to be valued at USD 393.1 million in 2024. Sea buckthorn’s renowned health benefits have propelled it to become a household staple in both Asia and Europe. This establishes a strong foundation for the market’s future growth.

Forecasted to achieve a CAGR of 10.1% from 2024 to 2034, the sea buckthorn market is poised for substantial expansion, particularly as functional foods gain widespread acceptance. Its versatility in being incorporated into juices, shakes, pies, and other products enhances its growth potential.

By 2034, the market is anticipated to surpass USD 1,025 million in value. Beyond food, the utilization of sea buckthorn in cosmetics is expected to significantly contribute to market growth, especially as the cosmetic industry increasingly favors organic ingredients, aligning with consumer preferences.

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As part of its functionality in food, sea buckthorn is also finding notable application in dietary supplements. As dietary supplements become more common, due to a combination of factors like the aging population and more people taking up sports, sea buckthorn’s use in them is supposed to grow.

“While the market faces some obstacles, like improper supply of raw material on occasion, the overall prospects of it are positive. Use of sea buckthorn for the making of alcoholic drinks is filled to the brim with potential for investors,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key Takeaways from the Sea Buckthorn Market

  • The sea buckthorn market is projected to be valued at US$ 393.1 million in 2024.
  • Sea buckthorn predominantly comes in the form of juice. Juice is expected to account for 34% of the market share in 2024.
  • Dietary supplement tops the application segment. For 2024, dietary supplements are anticipated to account for 28% of the market share.
  • South Korea is a promising country for the market. For the forecast period, the CAGR for South Korea is estimated to be 12.3%.
  • China and Japan are pegged to be lucrative countries for the market. The CAGR for China and Japan over the forecast period is predicted to be 10.8% and 11.8% respectively.
  • The market is expected to register a CAGR of 11.4% in the United Kingdom over the forecast period.

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Competition Analysis of the Sea Buckthorn Market

The market is diverse, as companies of all scales have room to thrive. Partnerships are common in the sector, especially with companies in end user industries. Some of the prominent companies in the market include SeabuckWonders, Wellsash, W.S. Badger Company Inc., and Natures Aid Ltd.

Recent Developments in the Sea Buckthorn Market

  • In July 2023, the 30 Day product was launched by Australia-based Mud Organics in the United States. The product contains sea buckthorn
  • In 2024, a study was published by researchers from Memorial University, Canada, expounding on the benefits of sea buckthorn in fighting obesity.

Key Companies in the Sea Buckthorn Market

Key companies in the industry include SeabuckWonders, Wellsash, W.S. Badger Company Inc., Natures Aid Ltd., Erbology, SIBU, WELEDA, Leh Berry, Natura Health Product, and TEREZIA COMPANY S.R.O.

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Key Segments of Sea Buckthorn Market

By Application:

Based on application, the sea buckthorn market can be segmented into the following segments: dietary supplements, pharmaceutical, cosmetics & personal care, food and beverages, and others.

By Form:

Based on the form, the sea buckthorn market can be segmented into the following segments: juice, oil, powder, and others.

By Region:

The sector has been analyzed with the following regions covered: North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

About Future Market Insights (FMI)

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

 Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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South America Tourism Market: Projected 4% CAGR by 2032, Exploring the Technology Roadmap for Sustainable Growth

South America Tourism Market
South America Tourism Market

With a forecasted compound annual growth rate (CAGR) of 4%, the South America tourism market, appreciated at US$ 320 billion in 2022, is likely to surpass US$ 473.68 billion in valuation by 2032.

Architectural masterpieces along with cultural diversity and many more factors are expected to increase the demand for South America tourism.

Tourism is one of those sectors which contributes to the GDP of not only a nation but an entire continent. There are countries across the world which are solely dependent on tourism for their economic growth. So, indeed tourism is necessary not only for tourists but for nations as well.

South America is one of the most underrated tourist destinations. It is the land of mesmerising nights and festivals. It is specifically known for its beautiful mountains, exotic landscape, lively beaches, glorious wildlife, waterfalls and plenty of other things.

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South America is composed of 12 independent nations and other dependent nations. Spanish is the most widely spoken language in South America, which is followed by Portuguese. English is the third most spoken language.

Generally, the climate in South America remains hot and humid. The climate tends to be highly volatile going further South.

What are the Current Market Dynamics about the South America Tourism Market?

From rainforests to archaeological sites, South America has it all to offer for all kinds of tourists. However, choosing just one vacation spot becomes a challenging task when the continent has so much to offer.

Argentina is believed to be one of the most attractive tourist destinations in South America. The country has a lot to offer, be it desert, jungles, or beaches. This is the country which keeps the tourists hooked.

Iguazu falls is located in the border of Brazil and Argentina. These are a part of UNESCO world heritage sites, and are one of the most majestic sites in the entire South America region. Visitors have the luxury of going closer to the Iguazu falls through the walkways.

Buenos Aires, which is the capital of Argentina, is one of the most lively and beautiful cities. One should make it a point to visit La Boca, where the Caminito Street Museum is located, which is meant for its brightly painted houses, cafes, and the brilliant tango dancers

Recoleta Cemetery is another must visit place in Beunos Aires, which is a mausoleum containing the remains of certain famous Argentinians, along with gardens, museums, and café.

For all those who want to venture into hiking, Tierra del Fuego national park is a must visit place. Apart from hiking, the park has plenty to offer ranging from waterfalls, dense forests, mountains, and elegant glacier fed lakes.

Puerto Madryn is another place in Argentina, which is famous for being a cruise destination. It is mainly meant for its rugged coast line, which is quite popular amongst the water sports enthusiasts.

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What is the Regional Outlook for the South America Tourism Market?

The South America tourism market size is expected to expand in the coming days. The countries that have been analysed are: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela.

Argentina is the most visited country in South America. Argentina is followed by Brazil. Chile is the third most visited country in South America.

Who are Some of the Key Players in the South America Tourism Market?

  • Pentravel
  • CVC Travel
  • Thompsons
  • Suretravel
  • VIAJANET
  • Hostelworld Group
  • Harveyworld
  • IGO Travel
  • Computravel
  • LuxuryAfrica
  • Despegar.

After, more than two years, the focus for the South America tourism market remains to increase the footfall of the tourists and to revive the tourism sector to its glory, as the past two years have been relatively dry for the region.

  • South America’s Latam Airlines is working harder to emerge from restructuring during the second half of 2022.
  • Despegar completes acquisition of VIAJANET in June 2022.
  • Hostelworld group launches ‘The Solo System’, a set of social features enabling opt-in travellers to connect and meet in real life.

Key Segments Profiled in the South America Tourism Market Survey

By Booking Channel:

  • Phone booking
  • Online booking
  • In person booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age group:

  • 15-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • 56-65 years
  • 66-75 years

By Tour type:

  • Independent traveller
  • Tour Group
  • Package Traveller

By Tourist Type:

  • Domestic
  • International

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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Starch Recovery Systems Market Forecasted to Achieve USD 457 Million Valuation by 2029

In an era where environmental consciousness reigns supreme, the starch recovery systems market has emerged as a beacon of hope for industries seeking sustainable solutions. These innovative systems have revolutionized the way starch-rich byproducts are harnessed, leading to reduced waste and a significant positive impact on the global ecological footprint.

Starch recovery systems are designed to efficiently extract and reclaim starch from various sources, such as wastewater, food processing residues, and agricultural byproducts. This reclaimed starch can then be reintroduced into production processes, fostering a circular economy and conserving valuable resources.

The global starch recovery systems market size is expected to reach US$ 457 Million by the end of 2029. According to the report, the growth of the market is driven by the demand for eco-efficient equipment for potato processing. The key drivers of the market are the growing potato processing industry and the R&D investments in processing operations. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Starch is a carbohydrate derived from agricultural raw materials which are widely present in food applications. Market growth is fuelled by diversified applications of starch & its derivatives for food production and industrial purposes such as native starch, modified starch, maltodextrin, cyclodextrin and glucose syrup. In addition, it is one of the most important polymers used extensively daily in both food and non-food applications.

Commercialized goods such as corn and other types of cereals usually undergo physical modification or simple chemical modification to derive starch that can be used across various industries. Starch recovery systems, therefore, are likely to witness increasing demand in the coming years

It includes in-depth insights into the starch recovery systems market. Some of these are:

  • The estimated value of the market was at US$ 265 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • The hydrocyclones and centrifuges segment is estimated to lead the market with the largest share.
  • The rising demand for processed potato products has resulted in the growth of potato processing plants; this demand is driving the market for starch recovery systems.
  • APAC is projected to dominate the market during the forecast period.
  • The growing population, the increasing disposable income, and the rising demand for processed and convenience food products are expected to drive the market growth in APAC.
  • Some of the factors restraining the growth of the market include the stringent environmental & governmental regulations and the use of alternate technologies for starch recovery due to the high cost.
  • In terms of plant size, the small scale plants will hold dominance in the market through the course of the forecast period.

Despite High Demand, Changes in Buying Decisions Due to COVID-19 Outbreak will Impact Growth

The starch recovery systems market does not yet seem to be benefiting from the situation happening over this pandemic. Market traders feel negatively disadvantaged now that many public markets have been closed. Growers who are missing out on sales are coming up with creative solutions, like drive-ins for the sale of their products. Also, more people than ever before in the starch recovery systems market are working from home. In general, businesses feel supported by the package of support measures that the government has announced. Rising population along with growing economic standards has led to increase in food service spending. However, contrary to aforementioned predictions, the market may be heading towards tough waters.

Who is Winning?

The key players in the market include GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), Larsson Sweden (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), and Hiller GmbH Germany). Large-scale potato manufacturers are preferring hydrocyclones and centrifuges to recover starch due to their multifunctionality. Potato processing up-gradation with eco-efficiency is encouraging the adoption of starch recovery systems, persuading the demand for hydrocyclones and centrifuges.

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STARCH RECOVERY SYSTEMS MARKET TAXONOMY

The global Starch Recovery Systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Component

  • Refining sieves
  • Hydrocyclones and centrifuges
  • Vacuum filters
  • Screw conveyors
  • Filling stations

Plant size

  • Small
  • Medium
  • Large

Application

  • Frozen Products
  • Chips & Snack Pellets
  • Dehydrated Products
  • Filling stations

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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
For Sales Enquiries: sales@futuremarketinsights.com
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Sales of Glutamine Global Market Strategic Growth & Forecast Analysis – 2024-2034

Glutamine Market
Glutamine Market

The global glutamine marketvalue is anticipated to total USD 140.2 million in 2024 and USD 199 million by 2034. Global demand for glutamine will likely increase at a CAGR of 3.6% during the forecast period.

Sales remain particularly high for L-glutamine owing to its perceived health benefits. The target segment accounted for a revenue share of 63% in 2023 and is set to experience steady growth through 2034.

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Multiple factors are expected to fuel growth of the glutamine industry during the assessment period. These include growing health consciousness, surge in chronic disease prevalence, and high adoption of glutamine in food and beverage, pharmaceutical, and dietary supplement sectors.

With increasing health consciousness, people are becoming aware of the benefits of glutamine supplements. This, in turn, is anticipated to uplift demand for glutamine during the assessment period.

Glutamine plays a key role in enhancing gut health, immunity, and muscle repair. As a result, its usage in industries like nutraceuticals and dietary supplements is expected to grow significantly, leading to sales growth.

Another key factor propelling industry growth is the surging demand for sports nutrition products, including protein powders containing glutamine. Glutamine is gaining immense popularity among fitness enthusiasts and athletes for its role in immune function and muscle recovery.

Leading players are concentrating on strengthening their plant-based glutamine portfolio to meet growing demand from vegans. This will likely play a key role in further boosting growth of the glutamine sector during the assessment period.

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Key Takeaways from Market Report:

  • The global market is forecast to reach USD 199 million by 2034, registering a 3.6% CAGR.
  • Based on type, L-glutamine segment is set to advance at a CAGR of 3.4% through 2034.
  • By form, the powder segment dominated the industry with a share of 58% in 2023.
  • China is predicted to record a CAGR of 4.2% between 2024 and 2034.
  • Sales in the United States are projected to total USD 35.4 million by 2034.

“Glutamine’s growing fame for its potential health benefits like muscle recovery and gut health improvements is acting as a catalyst boosting market growth,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Who is Winning?

Kyowa Hakko Bio Co. Ltd., Ajinomoto Co. Inc., Evonik Industries AG, Amino GmbH, and NutraBio Labs are a few key players listed in the report. Developing new formulations and delivery methods is becoming a key strategy for industry players globally.

Companies are also directing investments in research to back their claims of the health benefits of glutamine. Similarly, strategies like acquisitions, partnerships, mergers, and distribution agreements are becoming popular among players.

Industry Update:

  • In October 2023, NOW Foods, headquartered in the United States, partnered with FoodChain ID to improve the company’s reputation as a market leader in supplement safety and quality.

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Want More Insights?

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global glutamine market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights based on type (L-glutamine and D-glutamine), form (capsules & tablets, powder, and liquid), source (plant-based, animal-based, and fermentation-based), and application (dietary supplements, pharmaceuticals, sports nutrition, clinical nutrition, food and beverages, animal nutrition, and others) across various regions.

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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Food Diagnostics Services Market Analysis: Trends, Applications, and Future Outlook to 2032

Commercial Charbroiler MarketThe Global Food Diagnostics Services Market estimated value was at US$ 14.8 Bn in 2022 and is projected to reach US$ 21.6 Bn by the end of 2032. Newly released data for Global Food Diagnostics Services Market Analysis shows that global demand for food test kits enjoyed year-on-year (YoY) growth of 11% in 2021. It holds 21% of the Food Diagnostics Services Market and is expected to witness a prominent growth rate of 7.2% by 2032.

According to Future Market Insights analysis, Randox Laboratories Ltd, 3M Company, Neogen Corporation, Foss A/S, Thermo Electron Corporation, Fermantes, Danaher Corporation, Biomérieux SA, Merck Kgaa, Beckman Coulter Inc., Thermofisher Scientific Inc., and Perkinelmer Inc are identified as key food diagnostics brands.

Revenue for the food diagnostic service segment grew by 14% from 2017-2021. The Demand for the consumables segment increased by 19% between 2020 and 2021, giving the combined Food Diagnostics Services Market a year-over-year growth of 5.7% in 2021, according to the FMI report.

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It includes in-depth insights into the food diagnostics services market. Some of these are:

  • The estimated value of the food diagnostics market was at US$ 12.5 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • During the forecast period, the safety segment is expected to rise at the highest rate by type of test.
  • The rising prevalence of foodborne illness, food adulteration and an increase in food allergens has resulted in many food recall incidences.
  • Growing customer concerns about food safety can have a positive effect on the global market for food diagnostics services systems.
  • Food trade globalization also opens the door to new growth opportunities worldwide and is expected to improve the global demand for food diagnostics services in the coming years.
  • The market is further driven by the involvement of major food diagnostics services companies are continuously investing and collaborating for the development of better and faster testing technologies, to aid adherence to various food safety regulations.

Eating & Shopping Habits Will Alter Growth Due to COVID-19 Outbreak

This pandemic will lead to certain shifts in consumer behavior and eating habits. Increasing population along with rising economic standards has led to increase in food service spending. Contrary to the aforementioned forecasts, however, the market can head to tough waters.

Coronavirus outbreak greatly affected buyers’ consumption habits. They are unlikely to purchase goods imposed around various nations amid lockdowns. This would have an invariable effect on business growth forecasts.

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Who is Winning?

Major players in the global food diagnostics services systems market are Beckman Coulter Inc., Randox Laboratories Ltd., Biocontrol Systems Inc., E. I. Du Pont De Nemours and Company, Thermofisher Scientific Inc., Perkinelmer Inc., Thermo Electron Corporation, Fermantes, and 3M Company. Other key players include Omega Diagnostic Group Plc., VWR International, Bio-Rad Laboratories Inc., Merck Kgaa, Biomérieux SA, Danaher Corporation, Neogen Corporation, and Foss A/S.

Such players have wide market reach and high organizational and financial strength; in the recent past they have evolved organically and inorganically. Various businesses concentrate on methods for sustainable development, such as product launches, product approvals and others, such as patents and events. Activities observed in the market were inorganic growth approaches, acquisitions, and partnership & partnerships.

Such practices have paved the way for market players to grow their business presence and customer base. With the growing demand for food diagnostics services on the global premium, premium payers from the food diagnostics services industry are expected to see lucrative growth opportunities in the future.

Segments Covered in Food Diagnostics Services Market Analysis

Product Type:

  • Systems
  • Test Kits
  • Consumables

Testing Type:

  • Safety
  • Quality

Food Tested:

  • Meat, Poultry & Seafood
  • Salad Dressing
  • Processed Food
  • Dairy Products
  • Fruits & Vegetables
  • Cereals, Grains & Pulses
  • Nuts, Seeds & Spices
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • Asia
  • Oceania
  • Middle East & Africa

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Frequently Asked Questions

  • How much is the current worth of the Food Diagnostics Services Market?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the demand outlook forecast for the Food Diagnostics Services Market?
  • Who are the top 5 players operating in the market?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for food diagnostics?
  • What outlook does Europe provide?
  • At what rate will the U.S. Food Diagnostics Services Market grow?

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:

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Cold Chain Packaging Market in US & Canada to Expand at 12.2% CAGR, Reaching US$ 21.8 Billion by 2033 | FMI

United States & Canada Cold Chain Packaging Market
United States & Canada Cold Chain Packaging Market

The market for cold chain packaging in the United States and Canada is anticipated to reach a value of US$ 6.9 Billion in 2023. From 2023 to 2033, it is expected to expand at a CAGR of 12.2%. By the end of 2033, it is projected to have a value of US$ 21.8 Billion.

By 2023, it is expected that the top 5 producers of cold chain packaging in the United States and Canada would account for 10% to 15% of the whole market. Cold chain packaging is predicted to become increasingly popular in the meat, poultry, and seafood industries, as well as in the baking and confectionery sectors.

Increasing demand for more suitable shipping of temperature-sensitive pharmaceutical products resulted in advanced research for improved cold chain packaging insulation solutions. One of these includes vacuum-insulated packaging (VIP).

Vacuum-insulated packaging delivers key benefits over polyurethane and expanded polystyrene-based insulated shippers. VIP-based shippers are comparatively lighter and smaller in weight.

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These help to reduce refrigerant requirements, provide a broad temperature range, and successively cut down distribution costs. CSafe, one of the prominent producers of VIP, incorporates its exclusive ‘ThermoCor’ VIP combined with a protective buffer.

It offers shippers at a cost lower than conventional PUR shippers. Increasing preference for ocean freight often expands carriage time. It is anticipated to further drive the adoption of VIP-based shippers.

Sonoco Thermosafe’s product Greenbox, for instance, is for the pharmaceutical industry. It employs VIP for insulation and has a patented renewable phase change material that is plant-based. Sofrigam’s elite cooling boxes incorporate PUR and VIP and offer temperature stability up to 240 hours.

Key Takeaways:

  • The polymer segment by material type is likely to hold around US$ 15.2 Billion of the market value in 2033.
  • The paper segment is estimated to witness a gain of 2.1x times by value and a CAGR of 14.2% during the forecast period.
  • The gel packs segment by product type is anticipated to witness a 12.6% CAGR from 2023 to 2033.
  • Phase change cold storage products segment is estimated to witness a gain of 3.8 times its value by the end of 2033.
  • The reusable packaging segment by packaging format is anticipated to witness a CAGR of 12.7% in the assessment period.

Competitive Landscape:

Leading companies in the cold chain packaging business in the United States and Canada are making significant gains by creating innovative products. They would also benefit from recent initiatives and mergers made by well-known Canada- and United States-based players to obtain a competitive edge.

Key Companies Profiled in the United States & Canada Cold Chain Packaging Market are Sonoco Products Company, Sofrigam SAS, Cryopak Industries Inc., CSafe Global, LLC, DGP Intelsius LLC, TemperPack Technologies, Inc., Engineered Packaging, Inc. dba Chill-Pak, American Thermal Instruments, Mettcover Global, Nordic Cold Chain Solutions, RipplePak Ltd., Insulated Products Corporation, Klinge Corporation, Sealed Air Corporation, Cold Chain Technologies, Orora Packaging Solutions, Envirotainer AB, Emball’iso Inc, SÆPLAST AMERICAS INC., Atlas Molded Products (Atlas Roofing Corporation), Cascades Inc., Pelican Products, Inc.

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Market Categorization:

By Product Type:

  • Pallet Shippers
  • Insulated Containers
  • Foam Bricks
  • Gel Packs
  • Protective Packaging
  • Phase Change Cold Storage Products

By Material Type:

  • Polymer
    • Polyethylene
    • Polypropylene
    • PET
    • EPS
    • Polyurethane
    • Others (PVC, Nylon, Teflon)
  • Metal
  • Paper

By Packaging Formats:

  • Reusable Packaging
  • Disposable Packaging

By End Use:

  • Food
  • Beverages
  • Pharmaceutical
  • Cosmetics & Personal Care
  • Chemical
  • Others (Textile, Electronics, Research Institutes, Building & Construction)

By Country:

  • United States
  • Canada

About Future Market Insights Inc. (FMI)

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

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Arrowroot Starch Sales Set to total USD 4.2 billion by 2034 amid Growing Demand for Gluten-free Products Globally

Arrowroot Starch Market

The arrowroot starch market value is anticipated to total USD 2.8 billion in 2024 and USD 4.2 billion by 2034. Global demand for arrowroot starch is likely to increase at a CAGR of 4.1% during the forecast period.

Demand remains particularly high for organic arrowroot starch owing to its growing demand for natural and clean-label products. The target segment accounted for a revenue share of 62% in 2023 and is set to experience steady growth through 2034.

Several factors are expected to fuel the growth of the arrowroot starch industry during the assessment period. These include increasing demand for natural and gluten-free products and expanding applications of arrowroot starch in industries like food and beverage and pharmaceuticals.

There is a spike in celiac disease cases across nations like the United States, China, and the United Kingdom. For instance, it is estimated that around 1% of the American population has celiac disease.

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The growing incidence of celiac disease is generating a higher demand for gluten-free products. This, in turn, is likely to boost sales of arrowroot starch and, consequently, the target industry.

Arrowroot starch is becoming an ideal alternative to traditional wheat-based starches owing to its gluten-free nature. Thus, as the demand for natural and gluten-free products continues to surge, so will sales of arrowroot starch.

Increasing usage of arrowroot starch in food and beverage applications is set to fuel market growth. This natural substance is widely used as a stabilizer and thickening agent in sauces, soups, confectionery, and bakery items.

Growing awareness about the benefits of arrowroot starch is another key factor propelling demand. Similarly, expanding applications in pharmaceutical as well as cosmetics and personal care industries are likely to benefit the industry.

“The versatility of arrowroot starch is expanding its applications in various products, ranging from food and beverages to pharmaceuticals. This is expected to boost market growth through 2034.” says a lead Future Market Insights (FMI) analyst.

Key Takeaways from the Market Report:

  • The global market is set to reach USD 4.2 billion by 2034, registering a 1% CAGR.
  • Based on type, the organic segment is set to advance at a CAGR of 9% through 2034.
  • By application, the food and beverages segment dominated the industry with a share of 41% in 2023.
  • China is forecast to record a CAGR of 8% between 2024 and 2034.
  • Revenue in the United States is anticipated to total USD 749.1 million by 2034.

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Country-wise Insights:

The section below highlights the CAGRs of the leading countries in the Arrowroot Starch  Market. The three main countries pushing Arrowroot Starch demand include United States, United Kingdom, China, South Korea, Japan.

Country-wise Insights of Arrowroot Starch Industry
Country-wise Insights of Arrowroot Starch Industry

Who is Winning?

Bob’s Red Mill, Authentic Foods, NOW Foods, Nature’s Way, Frontier Co-op, Tropical Traditions, Health Garden USA, Pure Organic Ingredients, Anthony’s Goods, and Arrowhead Mills are few key players listed in the report. Offering organic products is becoming a key strategy for industry players globally.

Companies are also directing investments in research to explore new applications of arrowroot starch. Similarly, strategies like acquisitions, facility expansions, partnerships, mergers, and distribution agreements are becoming popular among players.

Industry Updates

  • In April 2024, a study was published in the International Journal of Biological Macromolecules. The study used arrowroot starch to develop a 3D bioprinting structure. The study established that the bionic developed was superior to the existing monolayer structure in the human body.
  • In February 2024, the Dove Men+Care Whole Body Deo Stick was launched. Containing arrowroot powder, the deo stick aims to reduce chafing.

Leading Arrowroot Starch Brands

  • Bob’s Red Mill
  • NOW Foods
  • Authentic Foods
  • Nature’s Way
  • Tropical Traditions
  • Pure Organic Ingredients
  • Frontier Co-op, Anthony’s Goods
  • Health Garden USA
  • Arrowhead Mills
  • Barry Farm Foods
  • Let’s Do…Organic.

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Want More Insights?

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global arrowroot starch market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights based on type (organic and conventional), application (food and beverages, pharmaceuticals, nutraceuticals, textile, and others), and distribution channel (retail stores and online retail) across various regions.

About Future Market Insights (FMI)

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

 Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Two Wheeler Suspension System Market Sees 4.9% CAGR, Expected to Hit USD 2.61 Billion by 2033

The two wheeler suspension system market is anticipated to expand its roots at an average CAGR of 4.9% between 2023 and 2033. The market is expected to have a market share of USD 2.61 Billion by 2033 while it is likely to be valued at USD 1.65 Billion in 2023

  • The rising traffic on the road, high vehicle population, and technological advancements are anticipated to flourish the market performance during the forecast period. Furthermore, the advanced facilities setting up their feet in emerging economies are also gaining high revenue through vehicle export.
  • The better mileage, convenience, comfort, fast mobilization, and easy handling make two-wheelers the first choice. The affordable prices of these vehicles and their suspension help the market thrive its way.
  • Electric two wheelers are getting popular among customers due to their low emissions; government subsidies and affordability, which in turn, help the market grow.
  • Collaboration between brands and automotive parts companies is also increasing the sales of two-wheeler suspension systems. Furthermore, the vital focus on smooth trails is also reshaping the market dynamics.
  • The presence of OEM retailers and repairing facilities and third-party companies together provide a long list of options for consumers.

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Key Takeaways from the Two Wheeler Suspension System Market Report:

  • The United States market leads the two wheeler suspension system market in terms of market share in North America. This region is expected to hold a market share of 4.8% by 2023. The growth in this region is attributed to increased traffic, people getting aware of sustainable ways of transport, high affordability, and brands.
  • Germany’s two wheeler suspension system market is another significant market in Europe region. The market holds a market share of 2.1% in 2023. The growth is attributed to the collaboration between automotive brands and part manufacturers along with the government working on electric two wheelers.
  • China two wheeler suspension system market thrives at a CAGR of 5.4% during the forecast period. The growth is attributed to the big two-wheeler vehicle population, average per capita income, and high traffic.
  • The telescopic front suspension system leads the component type segment as it holds a market share of 40.6% in 2023. The growth is attributed to the high response and enhanced shock control.
  • Based on the vehicle type, the motorcycle segment leads as it holds a significant global share of 58.2% in 2023.

Competitive Landscape:
The key vendors work on key elements like reliability, high safety, comfort, and long shelf life. Furthermore, the electric vehicle suspension is being designed differently. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Leading Key Players:

  • Showa Corporation
  • Gabriel India Limited
  • KYB Corporation
  • Duro Shox Pvt Ltd
  • BMW Group
  • WP AG
  • Nitron Racing Shocks
  • Marzocchi Moto
  • Öhlins Racing
  • K-Tech Suspension Limited
  • Progressive Suspension, Inc.
  • TFX Suspension Technology
  • BITUBO S.r.l.
  • ZF Friedrichshafen AG
  • Diamond International Pvt. Ltd.
  • Ridon Auto Parts Co.
  • Badve Engineering Group
  • Zedling Suspension

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Recent Developments:

  • BMW Group with its BMW Motorrad has introduced the suspensions with optimal on all road experience. These suspensions involve duolever, single-sided swing arm, telelever, dynamic ESA, WAD spring element, and USD fork.
  • Duro Shox Pvt Ltd has launched their two & three-wheeler shock absorber with attractive design and effective spring control.

Two Wheeler Suspension System Market Segmentation:

By Product Type:

  • Telescopic Front Suspension
  • Rear Suspension
    • Mono Shocks
    • Dual Shocks

By Sales Channel:

  • OEM
  • Aftermarket

By Vehicle Type:

  • Motorcycles
  • Scooters
  • Mopeds

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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