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Driving Efficiency in Mining Operations: Demand for High-Performance Lubricants Spurs Market Expansion

FMI has projected the global mining lubricants sales to reach a value of US$ 3,960.18 million by 2034 end

Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with the coal and iron ore mining sector driving demand. Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 5.40% growth through the forecast period (2024 to 2034).

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high-pressure additives, and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

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Key Takeaways of Mining Lubricants Market Study

The mining lubricants market is slated to reach US$ 3,960.18 million by 2034
High-performing lubricants and greases are growing in demand as COVID-19 tightens operating costs
Oil-based lubricants are versatile and can be used for a wide range of mining equipment.
Open pit mining is heightening the adoption of loaders, roof bolters, draglines, and haul trucks thus boosting demand for lubricants
Bio-based lubricants are pipped as a long-term solution, but current market dynamics are in favor of synthetic variants

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate. With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
Exxon Mobil, in the year 2021, expanded its refinery in Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains a global industry analysis for 2013 to 2023 and an opportunity assessment for 2024 to 2034. The report provides an insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along a detailed overview of the parent market.

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Mining Lubricants Market by Category

By Product Type:

Oils
Grease

By Source:

Synthetic Lubricants
Bio-based Lubricants

By Application:

Coal Mining
Bauxite Mining
Iron Ore Mining
Precious Metals & Rare Earth Minerals Mining
Industrial Mineral Mining
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & 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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With a projected value of US$1,271.2 million by 2033, the plant-based fish market presents an intriguing investment opportunity

The Global Plant-based Fish Market is expected to increase from US$ 804.6 million in 2023 to US$ 1,271.2 million in 2033. As health concerns about excessive meat consumption grow, consumers are turning to a variety of meat substitutes. This venture is primarily benefiting sales of plant-based fish products.

Growing Interest in Organic Foods

In today’s culture, consumers prioritise maintaining their optimal health. Consumers are more worried than ever about food safety and residue levels. Growing consumer awareness and concerns are increasing demand for chemical-free foods. As a result, local businesses and facilities, such as supermarkets, are increasing the availability of organic products.

Key Takeaways:

Market Growth Projection: The Global Plant-Based Fish Market is anticipated to witness substantial growth, increasing from USD 804.6 million in 2023 to USD 1,271.2 million in 2033, propelled by rising health concerns and a surge in demand for organic foods.
Growing Interest in Organic Foods: With consumers increasingly valuing optimal health, the demand for chemical-free and organic food products is on the rise. Major supermarket chains and retail spaces are expanding their offerings of organic goods, contributing to the growth of the plant-based fish market.
Veganism and Environmental Concerns: The market for plant-based fish is expected to expand due to the growing popularity of veganism and rising concerns about the environment and animal welfare. Health-conscious consumers are driving the demand for plant-based seafood products.

Market Dynamics:

Challenges in Plant-Based Fish Sector: The sector may face challenges due to the rising prevalence of chronic gastrointestinal issues associated with toxins in seafood, potentially hampering market expansion. However, the surge in consumers opting for a healthy lifestyle is likely to create additional opportunities for growth.
Market Restraints: Concerns about mercury and other toxins in seafood may restrain the growth of the plant-based fish market, but the rising demand for environmentally friendly and plant-based alternatives is expected to offset these challenges.

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Several major supermarket chains, including Wal-Mart, SPAR, Penny Market, CBA, BIM (Birlesik Magazalar), Ahold Delhaize, Tesco, Lidl, Carrefour, and ALDI, are increasing the variety of plant-based items that they provide. In many different countries, restaurants are catering more and more to health-conscious patrons with organic menus. Furthermore, the industry is progressing due to the growing trend of vegetarianism and the expansion of restaurants, which is driving up demand for organic foods.

A surge in veganism’s popularity is projected to boost the market’s expansion for plant-based fish throughout the course of the forecast period. The market for fish made from plants is predicted to expand as a result of rising worries about the environment and animal welfare. Due to rising customer demand for such products, it is also projected that the market for fish made from plants would grow.

The growth of the plant-based fish sector is anticipated to be hampered by the rising prevalence of chronic gastrointestinal issues brought on by the presence of mercury and other dangerous toxins in seafood. On the other hand, throughout the entire forecast period, the need for plant-based fish products that is generated during production, packing, and distribution is anticipated to restrain the expansion of the market for plant-based seafood.

The surge in customers opting for a healthy lifestyle is likely to create additional chances for the plant-based seafood market to grow in the coming years.

Key Points from the Plant-based Fish Market

The growing popularity of veganism is the key factor fueling the plant-based fish market. The world’s population is switching to veganism as a result of increased health knowledge and lifestyle change. Many people are growing more concerned about the environment and animal welfare; consequently, mounting concerns over increased fishing activities in the sea have spurred the plant-based fish business.
Plant-based fish market is predicted to expand at a CAGR of 5.8% during the forecast period 2023 to 2033.
North America dominated the plant-based fish market.

Key Developments in the Plant-Based Fish Market:

Acquisition by Wicked Kitchen (September 2022):

Wicked Kitchen acquired the plant-based seafood brand Good Catch in an all-stock deal, enhancing their market presence.

Innovation in Baby Formula (July 5, 2022):

Danone introduced the Dairy & Plants Blend baby formula, addressing parents’ need for flexible and plant-based dietary options for their babies.

Strategic Partnership for Online Distribution (June 8, 2022):

Sprout Organic partnered with Amazon to offer its plant-based baby formula to a wider audience, capitalizing on the surge in online formula sales.

Expansion in Plant-Based Sector (January 2020):

Nestlé collaborated with Bucron and Merit to accelerate the development of plant-based dairy replacements.

Strategic Acquisition in India (March 2022):

Goodmylk, a plant-based dairy company, acquired the nutrition brand PRO2FIT, expanding its reach in India’s growing plant-based sector.

Key companies in the Plant-based Fish Market are Gardein by Conagra Brands, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Kellogg’s, Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion GmbH, Glanbia plc, Fuji Oil Co., Ltd.

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Plant-based Fish Market by Key Segment

By Product Type:

Burger Patty
Fillets
Crumbles & Grounds

By Source:

Soy-based Protein
Wheat-based Protein

By Distribution Channel:

Supermarkets
Convenience Stores
Specialty Food Stores

By Region:

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

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
Website: https://www.futuremarketinsights.com
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With a projected value of 4,657.5 million by 2033 and a growth rate of 5.6%, the Vitamin C ingredients market offers substantial investment potential.

The global vitamin C ingredients market is expected to reach a market valuation of US$ 4,657.5 million by the year 2033, accelerating with a CAGR of 5.6% from 2023 to 2033. As the inclination toward natural foods continues to rise, the market for vitamin C ingredients is poised to grow.

According to the paper, vitamin C aids in wound healing and infection prevention, making the pharmaceutical business a major end user. Furthermore, vitamin C enhances iron absorption from diet, lowers the risk of chronic diseases, regulates blood pressure, and strengthens the immune system. The market for vitamin C components will grow as more people become aware of its health benefits.

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Some of the key takeaways from the report are:

In terms of product, the market includes ascorbic acid, sodium ascorbate, calcium ascorbate, ascorbic acid 90% granulation, ascorbic acid 95% granulation, ascorbic acid 97% granulation, coated vitamin C ingredients and others.
Among product types, the ascorbic acid segment held the dominant 54% of the vitamin C ingredients market share in 2019.
Asia Pacific excluding Japan, especially China can be credited for the maximum production of vitamin C ingredients.
APEJ is expected to remain a fairly lucrative market for vitamin C ingredients. Between 2019 and 2028, the regional market is forecast to rise at an impressive 6.9% CAGR.
North America, Western Europe, and Japan are expected to remain stable markets for vitamin C ingredients, clocking a steady pace of growth.

Rising Health Awareness among Consumer Identified as Chief Growth Driver

Vitamin C ingredients offer multifunctional benefits perfectly suited for consumers in search of healthy foods hence, vitamin supplements. Vitamin C has become increasingly important in skincare. It is used for prevention of infections, healing of wounds, improving absorption of iron from food, reducing the risk of chronic diseases, and controlling blood pressure. Increasing knowledge about health benefits offered by vitamin C ingredients has made them highly relevant to modern lifestyle, which is a key factor impelling growth in the market.

Vitamin C Ingredients Aid in Disease Cure

Vitamin C is available in different sources, each with unique benefits. Vitamin C ingredients aid development, growth, and repaid of body tissues. Besides this, vitamin C ingredients boost the formation of collagen in body and helps in maintaining good cartilage, teeth, and bone health. Increasing awareness about the same will aid the market’s expansion in the coming years.

They also aid in the cure of degenerative diseases. This has been identified as one of the chief market drivers. Vitamin C contains nutrients that have been proposed, albeit not scientifically, to lower the risk of certain types of cancer, diabetes, cardiovascular diseases, cataracts, and age-related macular degeneration.

Recent Technological Advancements to Aid Growth

In the last couple of years, the market has witnessed several technological advancements especially in the ascorbic acid segment. These developments were intended to benefit manufacturers as they brought about improvements in vitamin C results. For instance, these developments were followed by advent of methods such as spray drying, spray chilling, spray cooling, fluidized bed coating, and extrusion to improve encapsulation. These methods helped achieving higher stability of vitamin C and positively influenced consumer acceptability for carrier foods.

Spurred by aforementioned advances, the market will witness increasing demand around the world. According to the report, Asia Pacific excluding Japan will emerge as the leading market for vitamin C ingredients. Meanwhile developed markets in North America, Western Europe, and Japan will exhibit moderate rate of growth.

“In addition to the aforementioned factors, the rise in disposable income of consumers and their changing lifestyle has greatly influenced the vitamin C ingredients market. The higher consumption of fast food in emerging markets has compelled consumers to look for food supplements. This has in turn encouraged the sales of vitamin C ingredients in this part of the world,” said a lead analyst at FMI.

Who is winning?

For the purpose of the study, the report profiles companies such as Foodchem International Corporation, Koninklijke DSM N.V., CSPC Pharmaceutical Group Limited, and Glanbia Nutritionals China (Suzhou) Co., Ltd, Northeast Pharmaceutical Group Co., Ltd., North China Pharmaceutical Co., Ltd., The TNN Development Limited, Hunan Sunshine Bio-Tech Co., Ltd, Microbelcaps, Wuhan Yuancheng Gongchuang Technology Co.,Ltd, Hangzhou Focus Corporation, Beijing Heronsbill Food Material Co.,Ltd, Curechem Group, Shandong Luwei Pharmaceutical Co., Ltd., Triveni Interchem Pvt. Ltd., Manav Drugs, Akhil Healthcare Private Limited, China BBCA Group Corporation, AB Mauri Lanka and Merck.

Some of the leading multinational companies in the market have collaborated with local players in China to establish their presence in the country. This is one of the key vitamin C ingredient trends that is expected to prove vital. In addition to this, market players are expanding presence around the world through setting up new facilities and product launches. For instance, Foodchem International Corporation has established its office in Belgium in January 2018.

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VITAMIN C INGREDIENTS MARKET TAXONOMY

The report segments the global vitamin C ingredients market in detail to present an executive-level blueprint to the reader

Product Type

Ascorbic Acid
Sodium Ascorbate
Calcium Ascorbate
Ascorbic Acid 90% Granulation
Ascorbic Acid 95% Granulation
Ascorbic Acid 97% Granulation
Coated Vitamin C

Form

Powder
Granules

Source

Natural
Synthetic

End Use

Food
Beverages
Cosmetics and Personal Care Products
Pharmaceuticals
Animal Feed

Process

Reichstein Process
Two-Stage Fermentation Process

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
MEA

About Future Market Insights (FMI)

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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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The remarkable growth rate of 23% and the projected value of US$ 67.9 billion by 2033 in the meat substitutes market showcase an exciting investment landscape.

During the forecast period, the meat substitutes industry is poised to record a healthy CAGR of 23.0%. In 2033, the market is expected to be worth approximately US$ 8.5 billion. Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033.

Globally, consumer food choices are changing dramatically. More people are realizing how important it is to maintain a healthy lifestyle and consume protein in moderation.

As a result, consumers are taking a proactive approach and boosting their protein intake to ensure that they stay fit and healthy for the long term. They are modifying their eating habits by incorporating plant-based protein sources into their diet. This leads to the expansion of the meat substitutes market trends.

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Alternative proteins, including meat substitutes, are becoming increasingly popular in this area. Consumers are becoming gradually concerned and aware of the harmful environmental impact on animal farms.

As a result, people are embracing vegetarian or flexitarian diets in attempt to eliminate or limit meat consumption while indirectly lowering carbon footprints. The demand for meat substitutes, which are a sustainable and environmentally beneficial alternative to meat, is expected to increase significantly.

Meat Substitutes’ Complex Manufacturing Processes and High Product Prices Inhibiting Market Expansion

The color of the flesh is one of the main characteristics that are challenging to replicate in plant-based meat substitutes. While they are being cooked, the goods that include textured vegetable proteins may also change color.

Color is one of the key factors that consumers take into account when making a purchase, thus any modification can have a major impact on how frequently they choose to buy the product. Aside from color, one of the most difficult aspects of producing them is the flavor of the meat. These factors result in the inhibition of the meat substitute market growth.

The production of meat substitutes made from plants is a highly complex procedure. Plant-based meat replacements, for example, they go through extensive processing during the manufacturing process. Since multiple ingredients are utilized to make the final product, manufacturers employ batch production processes. This raises the overall cost of producing plant-based meat.

Asia Pacific Outlook

The middle-class population of Asia Pacific has more disposable money as a result of industrialization. This has increased consumer demand for nutritious, high-quality, and protein-rich food items. More people are cutting meat out of their diets as consumer eating habits change.

As a result, the demand for meat substitutes is expected to increase in Asia Pacific. It also prepares the way for a considerable and continuous increase in the meat substitutes market share throughout the Asia Pacific due to the rise in consumer concerns over health and sustainability.

Key Takeaways

During the projected period, the source category’s plant-based pork sector may record a CAGR of 24%.
In the product type category, the patties section is expected to record a CAGR of 20.5% from 2023 to 2033.
Over the projection period, the United States meat substitutes market is expected to record a CAGR of 22.3%, reaching US$ 16.6 billion in 2033.
According to estimations, the meat substitutes market in South Korea is expected to record a CAGR of 21.1% during the projected period and reach US$ 477.7 million in 2033.
Over the forecast period, the meat substitutes market in China is expected to register a CAGR of 26.1%, reaching US$ 3.8 billion in 2033.
Over the projected period, it is predicted that the market in Japan is anticipated to record a CAGR of 25.6%, reaching US$ 2 billion in 2033
The market in India is anticipated to expand gradually over the course of the projection period recording a CAGR of 25.9%, reaching US$ 2.5 billion in 2033.

Competitive Landscape

The global meat substitutes market is semi-consolidated, with several well-known firms and emerging meat substitutes’ manufacturers operating in various nations throughout the world. Beyond Meat, Impossible Foods, Kellogg’s, Tyson Foods, and JBS SA are some of the leading global market players.

Consumers are also eager to try new food products that are both healthful and environmentally sustainable. This resulted in higher sales as well as a chance for future expansion.

Recent Development

Introduction – Impossible Foods Inc

Impossible Foods Inc. increased its foothold internationally in May 2021 by introducing its plant-based burger in New Zealand and Australia. This growth is a component of the company’s objective to provide delectable and environmentally friendly food options in many markets across various countries.

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Key Segments

By Source:

Plant-based Chicken
Plant-based Beef
- Plant-based Pork
Plant-based Fish

By Product Type:

Patties
Crumbles & Grounds
Hot Dogs
Sausages
Nuggets
Meatballs
Other Product Types

By Functionality:

Weight Management
Immunity Boosting Products
Gut Health/Digestive Health
Clinical Nutrition
Others

By Product Format:

Refrigerated
Frozen
Shelf-stable

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

With a projected value of US$ 5.7 billion by 2033 and a CAGR of 5.3%, the wheat protein market presents a compelling investment proposition

The wheat protein market size was estimated to be US$ 3.4 billion in 2023, with total wheat protein revenue predicted to expand at a 5.3% CAGR from 2023 to 2033, anticipated to be reaching about US$ 5.7 billion.

The wheat protein market was valued at US$ 3.3 billion in 2022 and is estimated to increase at a 4.7% CAGR during the forecast period. Absolute dollar growth in the global market is $2.3 billion. Rising demand for wheat protein from various end-use sectors, combined with rising consumer desire for meat-free diets, is a primary factor driving the global wheat protein market.

Wheat protein market growth is expected to be driven by rising plant-based diet adoption and a rise in the number of people adopting vegan diets in developing nations. Furthermore, an increasing senior population, rising incomes, and increased urbanisation are expected to drive product demand.

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Wheat protein has exceptional potential for a wide range of industries due to various advantages. Some of the applications include bakery items, wheat milling, meat replacement, pasta, aqua-feed, morning cereal, milk replacement, and pet food. The flour miller, also known as the baker’s adjustment, is the most fundamental and widely used use of wheat proteins. As a result, market growth is likely to be driven by such a varied range of applications for various end-use industries throughout the forecast period.

Although whey protein isolates are more filtered and processed than whey protein concentrates to successfully eliminate more lactose, those with even a little lactose allergy should avoid such products. Lactose intolerance occurs when the body is unable to digest lactose, a natural sugar found in dairy products such as milk. Plant-based alternatives such as wheat protein are the best option for customers who wish to increase their protein intake for health or training objectives, which may contribute to market growth.

Key Points

Wheat Protein Market is expected to develop at a 5.3% CAGR from 2023 to 2033.
The Wheat Protein Market was dominated by North America.
By 2033, the Wheat Protein Market is estimated to exceed US$ 5.7 billion.
Wheat gluten dominated the product group from 2023 to 2033, accounting for the highest sales share of 3.2%.
China and India are two of the leading producers.

Recent Developments

In September 2020, ADM introduced Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat protein, both of which add flesh-like texture to meat and seafood substitute products. They feature a clean taste, a white color basis, and faster water absorption and hydration rates.
MGP Ingredients will debut the ProTerra line of textured proteins in April 2020. ProTerra is ideal for use as an extension or partial substitute for meat in vegetarian/vegan applications, as well as in blended products.
Agrana opened a new wheat starch processing plant in Austria in November 2019. Agrana will be able to increase its wheat starch production capacity thanks to the new plant. Agrana’s enlarged wheat starch mill can process about 650,000 tonnes of wheat per year to create 50,000 tonnes of wheat gluten.
In July 2019, Cargill invested US$ 200 million in the production of wheat-based ingredients at its Krefeld, Germany, manufacturing facility. This investment will enable the company to diversify its wheat protein portfolio and address the growing market demand for protein-rich foods.

Wheat Protein Market Key Segment

By Product:

Wheat Gluten
Wheat Protein Isolate
Hydrolysed Wheat Protein
Textured Wheat Protein

By Form:

Dry
Liquid

By Application:

Animal Feed
Bakery & Confectionary
Nutrition Supplements
Dairy Products
Cosmetics and Personal Care
Other Applications

By Region:

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

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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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

With a projected value of US$ 5.28 billion by 2027, the textural food ingredients market offers a promising investment opportunity.

Nearly US$ 4 billion is expected to be spent on the textural food ingredients market in 2021. Through 2027, the market is anticipated to expand at a CAGR of 4.9%, reaching US$ 5.28 Billion.

The increased customer desire for greater texture and taste in food products eaten has led food manufacturers to turn to product innovation in textural food ingredients to appeal to a diverse consumer palate. Future Market Insights has recently published a new report titled “Textural Food Ingredients Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027” that studies the global textural food ingredients market over a 10-year assessment period (2017-2027) and provides vital insights into the factors influencing revenue growth in global and regional markets, as well as detailed forecasts based on market segmentation.

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Trends Observed in the Global Textural Food Ingredients Market

The investigation uncovers some intriguing trends in the demand for and consumption of textural food ingredients within the projection period. A surge in multi-texture dining experiences has been observed in the important developing economies. Textural food ingredient innovation has assisted producers in lowering food costs, and the non-GMO hydrocolloid system is becoming more widely used. Developing countries are major opportunity regions for manufacturers operating in the worldwide textural food ingredients market, and there is a growing emphasis on e-commerce and social media to reach a bigger audience. Digital media is quickly developing as a valuable resource for important companies in the worldwide textural food ingredients market.

Global Textural Food Ingredients Market: Segmentation and Forecast

The global textural food ingredients market has been segmented on the basis of Functionality (Emulsifying Agent, Thickening Agent, Stabilising Agent, Gelling Agent, Others); Application (Dairy Products and Frozen Food, Bakery and Confectionery, Sauces, Dressings, and Condiments, Beverages, Snacks and Savoury, Meat and Poultry Products, Pet Food); Type (Hydrocolloids, Starch and Derivatives, Emulsifiers, Others); Form (Concentrate, Powders, Flakes); and Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, MEA).

Hydrocolloids type segment will remain dominant throughout the forecast period with over 55% market share, followed by Emulsifiers at 29% value share
Stabilising Agent segment by functionality will lead in terms of market value, estimated to reach a valuation in excess of US$ 7,800 Mn by 2027 end
By application, the Dairy Products and Frozen Food segment will remain dominant with almost US$ 4,500 Mn in revenues by end 2027 and a CAGR of 5.5%
The Powder form segment will dominate the global market in terms of value share, estimated to hold more than 45% share of the market by 2027 end
North America region will dominate the global market for textural food ingredients, with almost 30% value share and revenues in excess of US$ 5,200 Mn by the end of the forecast period in 2027

Global Textural Food Ingredients Market: Vendor Analysis

The report features some of the prominent players operating in the global textural food ingredients market such as Cargill, Incorporated, Kerry Group Plc., Dohler GmbH, Tate & Lyle PLC, Sensient Technologies Corporation, Archer Daniels Midland Company, Koninklijke DSM N.V., Ajinomoto Co., Inc., CHS Inc., Ingredients Inc., C.P. Kelco, Naturex SA, FMC Corporation, Ingredion Incorporated, E. I. du Pont de Nemours and Company, Foodchem International Corporation, Symrise AG, Ashland Global Holdings Inc., Furest Day Lawson Holdings Limited, Lonza Group Ltd. The global textural food ingredients market is highly fragmented; however, the market is more inclined towards technically superior and sophisticated products. Leading market players are targeting the growing economies in the APEJ region, owing to an increasing consumer preference for more variety in texture and taste in food products across various countries in the region.

Global Textural Food Ingredients Market: Taxonomy

By Functionality:

Emulsifying Agent
Thickening Agent
Stabilising Agent
Gelling Agent
Others

By Application:

Dairy Products and Frozen Food
Bakery and Confectionery
Sauces, Dressings, and Condiments
Beverages
Snacks and Savoury
Meat and Poultry Products
Pet Food

By Type:

Hydrocolloids
Starch and Derivatives
Emulsifiers
Others

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The projected value of US$12.9 billion by 2026, coupled with a CAGR of 5.6%, signifies robust growth potential in the Europe malt extract market.

The Europe malt extract market is valued at US$ 9.8 Billion in 2021. The market is likely to grow at a CAGR of 5.6% through 2026, reaching US$ 12.9 Billion by 2026.

In 2017, the Europe malt extract market is estimated to be valued at a little over US$ 7,900 Mn and is expected to reach more than US$ 12,900 Mn by the end of 2026, registering a CAGR of 5.6% over the forecast period. The market is estimated to represent an incremental dollar opportunity of US$ 5,411.5 Mn between 2016 and 2026.

Growing consumer awareness of the high nutritional value of diastatic malt extract will continue to fuel the growth of the Europe malt extract market. Increasing health awareness and consumer demand for traditional foods will also have an impact on demand. However, the scarcity of replacements and malt due to increased consumption in breweries can stymie demand. These findings are based on a recent study report by Future Market Insights.

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Diastatic malt extract is derived from sprouted grains and is used as a substitute product replacing sugar and honey needed to feed yeast in bakery products. Another important feature of diastatic malt is that it can also reduce the need for additional artificial sugar in bakery products and thus can be labelled as sugar-free. Also, as diastatic malt is rich in vitamins and enzymes, it increases the nutritional value of baked products and also helps in extending the shelf life of baked products.

The key trends influencing the Europe malt extract market include,

Increasing preference for gluten-free bakery products: Concerns about rising obesity levels is prompting consumers in Europe to opt for gluten-free bakery products. Gluten-free malt extract is used as a colouring and sweetening agent in a variety of products. Owing to this, it is expected that demand for malt extracts will witness steady growth during the period 2016-2026.
Government regulation on additive-free products: The industry-wide focus on additive-free products has led to increased demand for malt extracts, as these reduce the need of adding synthetic flavours, resulting in extended shelf life of products.
Marketing aligned with ‘health and wellness’: Manufacturers are focusing on selling the ‘health and wellness’ attributes of malt extracts, by creating relevant marketing campaigns.
Preference for sugar-free label products: Non-diastatic malt extracts naturally convert to sugar, reducing the need for addition of sugar. Owing to these factors, demand for malt extracts is expected to witness an increase during 2016-2026.

A Highly Fragmented Market

Top three players – Group Soufflet, VIVESCIA Industries, and Cargill Incorporated – account for over 28% volume share of the Europe malt extract market. The Europe malt extract market remains quite fragmented fifteen players accounting for nearly 72% volume share. Both established and emerging players are focusing on increasing their production capacity and acquisition of niche players to boost their market position.

The Europe malt extract market was valued at US$ 7.53 billion in 2016. Future Market Insights projects it to grow at 5.6% CAGR during the forecast period 2016-2026, reaching US$ 12.94 billion in revenues.

Barley Remains the Largest Source

Barley remains the largest source for malt extracts, accounting for nearly 75% revenue share of the market in 2016. In 2016, this segment was valued at US$ 5.63 billion; in terms of volume, demand for barley was worth nearly 9 million tonnes in 2016. Wheat remained the second largest source, followed by rice and rye.

Dry Malt Extracts Continue to Witness Higher Demand

Malt extracts are available in dry and liquid form, with the former accounting for bulk of demand. Demand for dry malt extracts will continue to remain higher than liquid variants throughout the forecast period. While dry malt extract volume is projected to grow at 4.6% CAGR, demand for liquid malt extracts will grow at 3.9% CAGR.

Standard Outsells Speciality

Future Market Insights has also segmented the Europe malt extract market on the basis of product type into standard and specialty. The standard segment accounted for over 77% revenue share of the market in 2016; this is expected to decrease to 76% by the end of forecast period.

Beverages Largest Application Segment

Beverages continue to remain the largest application segment of malt extracts. This segment held 48% revenue share of the market in 2016. Bakery and confectionary remain the other key application segments.

Western Europe Accounts for Bulk of the Demand

Demand for malt extracts is concentrated in Western Europe, owing to the presence of a large number of manufacturers. Future Market Insights projects Western Europe to remain the dominant region for malt extracts during the forecast period.

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Market Taxonomy

By Application:

Bakery
Confectionary
Beverages
- Alcoholic
- Non-Alcoholic
Animal Feed
Pharmaceuticals

By Source:

Barley
Wheat
Rice
Rye

By Product Form:

Dry
Liquid

By Product Type:

Standard
Speciality

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With a projected value of US$ 2.81 billion by 2033, the Individual Quick Freezing (IQF) vegetables market offers an enticing investment opportunity

The IQF vegetable market was worth close to US$ 1.68 billion globally. The rise of numerous large retail chains, changes in eating habits, and changes in lifestyle are all contributing to the rapid growth of the IQF vegetable business. As a result, it is projected to have produced US$ 2.81 billion by 2023 and to grow at a 4.8% annual rate from 2023 to 2033.

The market for IQF vegetables is growing as a consequence of technology advancements, appealing packaging, easy storage, and widespread availability. Market sales have skyrocketed as a result of the availability of balanced refrigeration solutions and connected retail locations. The majority of this market’s product portfolios come from local mid- and small-sized farms.

Younger people are increasingly looking for foods that can be stored, consumed immediately, and have a longer shelf life because they are actively involved in a variety of professional duties around the world, particularly in rising markets such as China and India. Working millennials prefer to buy IQF vegetables instead of chopping and buying vegetables on a regular basis. The rise in demand for IQF veggies looks to be more advantageous for commodities that are simple to prepare and consume. Imports of frozen sweet potatoes, primarily from the United States, have increased in the European Union during the last four years, indicating some degree of customer preference.

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Key Takeaways from the Market Study

From 2018 and 2022, the worldwide IQF vegetable market grew at a CAGR of 3.1%.
In the IQF industry, potato is the most popular vegetable type, with a controlling share of more than 26.2% in 2023.
Food items containing IQF veggies are predicted to account for more than 76.4% of the market in 2033.
In 2022, the US market for IQF vegetables will be worth $479.5 million.
With an estimated volume of roughly 878 MT in 2022, the United Kingdom is one of Europe’s top markets for IQF vegetables.

“The main factors driving the market for IQF vegetables are consumers’ rising preferences for frozen goods, their curiosity about novel concepts, and their enthusiasm to sample foods with various nutritional profiles,” remarks an FMI analyst.

Competitive Landscape

Technologies are being developed by businesses to enable the introduction of before undiscovered fruits and vegetables that can maintain their nutritional content while lowering manufacturing costs. A growing number of businesses, including Capricorn Food Products India Ltd., Dole Food Co., and J.R. Simplot Co., are making investments in developing innovative IQF vegetable products.

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Prominent players in the IQF vegetables market are:

B&G Foods Holdings Corp.
Capricorn Food Products India Ltd
ConAgra Foods Inc.
Dole Food Co.
Greenyard NV
R. Simplot Co.
Kerry Group Plc.
Pinnacle Foods, Inc.
SunOpta Inc.
Uren Food Group Limited

Some key developments of the leading companies in this market are:

In 2022, TOMRA, a supplier of technology-driven solutions for sophisticated collecting and sorting technologies and food processing with headquarters in Norway, introduced TOMRA 5C, a high-end produce sorting machine using BSI technology. Precision frozen vegetable sorting is made possible by the machine’s innovative design, which features one-of-a-kind high-resolution lasers combined with biometric signature identification (BSI) technology. The system compares good and poor materials using BSI technology and even detects minor flaws.
In May 2022, Growers Express, LLC’s frozen vegetable production activities were purchased by B&G Foods, Inc., a US-based manufacturer of premium, branded easily stored and frozen foods, for an undisclosed sum. B&G Foods and Growers’ combined resources should improve innovation initiatives and speed to market through this transaction. Revolutionary frozen vegetable product maker, producer, and retailer Growers Express, LLC is situated in the United States.

More Valuable Insights Available

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

To understand opportunities in the IQF vegetables market, the market is segmented on the basis of IQF vegetables by type (potato, onion, tomato, carrot), application (food, beverage, concentrate) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Twist Tie Machines Market Poised for Steady Growth at US$16.3 Billion by 2032 | FMI

The global twist tie machines market is on track for significant growth, with a projected market size of US$16.3 billion by 2032. This translates to a CAGR (Compound Annual Growth Rate) of 5.45% from 2022 to 2032.

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Efficiency and Convenience:

Twist tie machines offer a fast and efficient way to secure various packages, from food items like cereals and grains to industrial products.
Their adjustable ribbon length ensures economical use of materials.
With operating speeds ranging from 50 to 200 bags per minute, these machines significantly improve productivity in supermarkets and packaging facilities.

Adaptability and Versatility:

Twist tie machines come in various configurations, including automatic and semi-automatic models, catering to diverse customer needs.
They can handle a wide range of package sizes, making them suitable for various applications across the food, bakery, confectionery, wire harness assembly, and industrial sectors.

Growing Demand in Key Regions:

The increasing number of grocery stores and supermarkets, particularly in North America and Europe, is fueling the demand for twist tie machines. These regions already have a high installed base of these machines.
The Middle East and Africa are expected to witness above-average growth in the twist tie machines market due to rapid development and expanding retail sectors.

Overall, the twist tie machines market presents a promising outlook. As the packaging industry evolves to meet consumer demands and technological advancements, the need for efficient and adaptable packaging solutions like twist tie machines is expected to remain strong. This market is well-positioned for continued growth with its focus on speed, convenience, and versatility.

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Key Players

Plas-Ties, Co.
Tach-It
Zhenjiang Hongda Commodity
Kunshan Yuanhan Electronic Equipment
Hughes Enterprises
IPS Packaging
International Plastics Inc.

Key Segments:

By Machine Type:

Automatic
Semi-automatic
Manual

By Operating Speed:

Less than 50 bags/min
51 to 100 bags/min
101 to 150 bags/min
151 to 200 bags/min
200 bags & above

By Application:

Food & Beverage
Wire Harnessing
Industrial
Chemical
Glass & Ceramics

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Nandini Singh Sawlani

Multiflex Tubes Market to Boom with Projected US$ 1.9 Billion Growth by 2032 | FMI

The global multiflex tubes market is poised for significant growth, with a projected CAGR of 6% to 7% during the assessment period 2022 to 2032. This translates to an absolute dollar opportunity of nearly US$ 1.9 Billion by 2032, with the market value surpassing US$ 1 billion compared to US$1 billion in 2021.

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Multiple Factors Fueling Multiflex Tube Popularity:

Superior Protection: Multiflex tubes offer exceptional barrier properties against moisture, ultraviolet (UV) light, and tampering, making them ideal for packaging liquids, gels, and pastes like toothpaste, shaving gels, creams, lotions, and more.
Rising Consumer Spending: The increasing demand for personal hygiene and cosmetic products, driven by growing consumer spending, is directly boosting the multiflex tubes market.
Customization Options: Manufacturers are catering to diverse end-user needs by providing multiflex tubes with various finishes (glossy, matte) and even 3D printing capabilities.

Challenges and Considerations:

Alternative Packaging Solutions: The availability of substitute packaging options like collapsible aluminum tubes could pose a competitive challenge.
Plastic Regulations: Stringent regulations on plastic use in Europe, North America, and Asia Pacific might restrain the growth of the plastic segment of the multiflex tubes market.

Regional Market Leaders:

North America: With its focus on innovative packaging solutions across various industries, North America is expected to witness rapid growth. Mergers and acquisitions, like the 2019 purchase of Essel Propack Ltd. by Blackstone Group, further indicate the region’s commitment to this market.
Europe: Europe is projected to hold a significant market share due to the growing use of multiflex tubes and the emphasis on environmental sustainability. New eco-friendly product launches, such as Albea S.A.’s Greenleaf tube, are a testament to this trend.

Overall, the multiflex tubes market presents a promising outlook. The demand for these versatile and protective packaging solutions is expected to rise, driven by the growth of the personal care and cosmetics industries, coupled with a growing focus on customization and sustainability.

Key Players:

Linhardt GmbH & Co. KG
TUBAPACK, a.s.
Blackstone Group
Essel Propack Limited
LAGEENTUBES
ALLTUBE
SelectPackaging Limited
Auber Packaging Co., Ltd.
Adelphi Healthcare Packaging
InterPac International LLC.

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Key Segmentation:

By Material:

Aluminium
Plastic
Ethylene Inyl Alcohol (EVOH)
Vacuum Metalized PET (VMPET)

By Product Type:

Paperflex Tubes
Metflex Tubes
Metflex Light Tubes

By Closure Type:

Cones
Stand Up Caps
Nozzle Caps
Fez Caps
Flip Top Caps
Bubble Tube

By Capacity:

Up to 10ml
11ml to 50ml
51ml to 100ml
101ml to 200ml
200ml above

By End Use:

Pharmaceuticals
Cosmetics
Personal Care
Chemicals
Food
Industrial
Homecare
Consumer Goods
Others

Author

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