Market Research Blog – Page 3016 – New Product Development

Beverage Flavoring Agent Market Set for Robust Growth, Anticipated to Reach USD 7.8 Billion by 2032 – Future Market Insights, Inc. Report

The global Beverage F lavoring Agent Market is set to witness growth at a CAGR of 5.7% and top a valuation of US$ 7.8 Bn by 2032. Because of the increased consumption of carbonated soft drinks, functional drinks, and juices, this segment has a greater market. Flavoring systems are widely used in the carbonated soft drink and juice sectors. Flavor manufacturers respond to consumer demand for new flavours by releasing new flavours.

The use of many types of tastes in beverage applications is mostly due to the introduction and mixing of numerous flavors to create an elegant and aromatic flavor. Fruit and vegetable flavors, for example, when coupled with beverages such as chocolate shake and coffee, produce a sweet and spicy, warm fall flavor.

However, when the product reaches in the intestine, it is fermented into metabolites inside the colon with the help of gut microflora which are more bioavailable, thus improving energy levels and balancing the metabolism process of the body. As a result, improving digestive system due to the medicinal properties of the product is driving the Beverage Flavoring Agent market forward as a supplement to the food and beverage industry.

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Key Takeaways from Market Study

The beverage flavoring agent market is worth of US$ 4.5 Bn sales in 2022.
The beverage flavoring agent market is expected to expand at CAGRs of 5.7% through 2032.
Global beverage flavoring agent demand is projected to grow year-on-year (Y-o-Y) growth of 5.0% in 2022.
The beverage flavoring agent market is growing with a notable boost towards the production to reach USD 7.8 Bn by 2032.
Innovative applications, research formulations, and medicinal properties are the factors driving growth of Beverage Flavoring Agent market to be the influencing factors among consumers, which is driving sales of beverage flavoring agent across global markets.
Demand for beverage flavoring agent grew at 4.4% CAGR between 2017 and 2021.
Korea Ginseng Corp., Clariant, Korean Ginseng Export Corporation, RFI Ingredients, Inc, and Ilhwa Co., Ltd. are expected to be the top players in the industry.
Siberian ginseng type with capsule form segment of beverage flavoring agent are in heavy demand from beverage industry carrying a notable market share.

“The dominance of the liquid segment is attributed to the ease of mixing and blending of liquid flavor ingredients. Liquid flavors can be easily mixed together to provide a homogeneous distribution of each flavor component. This is why most beverage manufacturers prefer the usage of liquid flavors, which is likely to provide new market avenues for Beverage Flavoring Agent,” says a Future Market Insights analyst.

Competitive Landscape

Key beverage flavoring agent brands are looking for new strategic partnerships to develop the applications in food and beverage industry, as well as cosmetics and personal care industry, while core business brands are focusing on supplying nutritional and high quality solutions to customers consuming Beverage Flavoring Agent with several product innovations.

On 22^nd January 2019, supplier of rare plant extracts, Botalys announced to launch Panax ginseng powder as the most bioactive ingredient in the market, termed as HRG80. Beverage Flavoring Agent, used as stress reducing agent, considered to be the king of adaptogens by the company. New product launches under the scheme is featuring various innovative forms including nutritional bars, chocolates, soft chews, chewing gums, gummy bears, burgers, juices, coffee, ready-to-drink (RTD) beverages, tea, and granola.

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Beverage Flavoring Agent Market by Category

By Ingredient:

Carriers
Flavorings
Enhancers
Others

By Beverage:

Alcoholic
Non-alcoholic

By Type:

Botanicals
Dairy
Fruits
Ohers

By Origin:

Artificial
Natural
Nature-identical

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global beverage flavoring agent market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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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Out-of-home Coffee Market Anticipates Reaching USD 36 Billion by 2032, with 4.5% CAGR | FMI

The out-of-home coffee market has experienced significant growth in recent years, with an increasing number of coffee enthusiasts preferring the convenience of purchasing their favorite brews on-the-go. This trend is largely driven by busy lifestyles and a growing demand for specialty coffee blends. Coffee shops, kiosks, and mobile vendors have capitalized on this opportunity by offering a wide range of coffee-based beverages, including lattes, cappuccinos, and cold brews, to cater to diverse tastes.

The global out-of-home coffee market is set to witness growth at a CAGR of 4.5% over the forecast period (2022–2032) and top a valuation of USD 36 Bn by 2032.

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Changing lifestyle have altered the consumer behavior in past few years. Consumers who preferred tea over coffee have changed their preferences and have begun to consume coffee more than tea. Especially, working population having access to the coffee machines installed at their work places have shown an increased consumption of instant coffee since past half-decade.

Key Takeaways from the Market Study

Europe is expected to dominate the global market by accounting for the maximum market value share of about 25% by 2022 end, followed by North America
U.S. is to account for the maximum market share of nearly 78% of the North American out-of-home coffee market
Rising coffee culture over tea consumption among youths in different regions across the globe is predicted to result in surging demand during the assessment period (2022–2032)
By product type, instant coffee is expected to account for the maximum market value share of the global market by 2022 end
Higher income groups and working population has an increased spending capacity which is likely to increase the demand for premium coffee brands of out-of-home coffee in the near future
Indirect channel is expected to account for a higher market value share than direct channel by 2032 end

Coffee with low caffeine content helps in building the metabolism and improve the functioning of the brain. Owing to these factors, consumers are preferring coffee over tea. Furthermore, increased spending capacity of working population have convinced them to switch to premium coffee brands which is expected to fuel the out-of-home coffee market growth over the forecast period (2022–2032).

Alongside, there have been a huge impact of covid-19 pandemic on the market attributing to the disruption on the supply chain due to worldwide lockdown. The exports and imports of coffee beans were hampered which led to the downfall in the revenue for various manufacturers. Almost all of the offices, restaurants and coffee shops were forced shut during lockdown which hindered the growth of the out-of-home coffee market.

But now, as the restriction are lifted up, the market participants have started gaining a pace to gain a higher position in the market by addressing the needs of their customers and enhancing brand loyalty. This is likely to positively influence the growth of the market in the next few years.

“Increasing consumption of instant coffee has resulted in the installation of coffee machines at commercial places such as offices or communities where consumers have all-time access to drink coffee with varied flavors which is prophesied to increase the demand for out-of-home coffee in the coming decade”, says a Future Market Insights analyst.

Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years. For instance,

In 2020, a company named Tchibo introduced ground and whole bean coffee products with a light, medium, and dark roasted beans, particularly in the United States. These products were widely available at retailers like Jewel and Hy-Vee in the regional market.
Many manufacturers have started introducing new and innovative products by adding different flavors such as Italian roast, green bean, and mocha to attract a larger audience.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global out-of-home coffee market, presenting historical data (2017–2021) and estimation statistics for the forecast period of 2022–2032.

The study offers compelling insights based on product type (instant coffee, portioned coffee and roasted coffee), end use (HoReCa and commercial/office), and distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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Nandini Singh Sawlani

Mussel Market Expansion Predicted to Reach US$ 5.83 Billion by 2034: A Comprehensive Analysis by Future Market Insights, Inc.

The mussel market is predicted to be valued at US$ 3.58 billion in 2024 and to US$ 5.83 billion by 2034. Over the projection period, the mussel market is expected to surge at a CAGR of 5.00%. Advancements in aquaculture technology are transforming mussel farming. Advanced sensors, underwater drones, and automated systems hone farming practices, improving yield and sustainability and reducing the environmental impact.

Rising awareness regarding the health benefits of mussel consumption is propelling market demand. Mussels are rich sources of protein, Omega 3 fatty acids, and vitamins, which appeal to health conscious consumers who are shifting to nutritious and sustainable food options. Manufacturers are expanding their product lines by producing value added mussel items including ready to eat meals, flavored marinades, and gourmet sauces. These creative offers address changing customer needs for convenience, diversity, and gourmet experiences.

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The mussel market is expanding into new geographical locations, propelled by globalization and rising seafood consumption. Emerging economies in Asia Pacific and Latin America provide unexplored chances for expansion by providing access to a diversified customer base with changing interests and preferences.

With growing worries about environmental degradation and climate change, sustainable methods are becoming increasingly important for mussel growers and consumers. To reduce their carbon footprint and protect marine habitats, businesses are implementing waste reduction measures, investing in renewable energy sources, and using ecofriendly agricultural practices.

The growth of ecommerce and digital platforms is revolutionizing the distribution and marketing channels of the mussel’s market. Online marketplaces, direct to consumer sales, and digital marketing campaigns enable manufacturers to access a larger audience and interact with customers in new ways.

Key Takeaways from the Mussel Market:

India leads the mussel market, expecting an 8.2% CAGR by 2034.
Germany anticipates a 7.0% CAGR by 2034.
The United States is expected to surge with a 4.1% CAGR until 2034.
The conventional segment is expected to hold a 76.8% market share until 2024.
FMI forecasts the frozen segment to attain a 29.7% market share by 2024.

“The mussel market relies on sustainable practices and customer need for freshness, creating profitable prospects among changing culinary trends,” – Says Nandini Roy Choudhury, Client Partner at Future Market Insights

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How are key players revolutionizing the Mussel Market?

In the vast mussel market landscape, significant companies emerge as giants who shape the direction of the industry. These industry leaders are well known for their cultivation, distribution, and innovation skills. From artisanal fishers promoting local delicacies to multinational enterprises managing global supply networks, their approaches vary.

Key stakeholders engage in sustainable techniques, ensuring the future of aquaculture while addressing consumer needs for traceability and environmental awareness. They dominate shelves and menus worldwide thanks to their ability to navigate regulatory systems and markets effectively. As culinary landscapes change, these actors remain critical in determining preferences, trends, and the very core of the mussel industry.

Product Portfolio:

Navchetana Kendra Agra has a comprehensive product range that includes high quality organic vegetables, herbal supplements, and natural health items. Their products, which emphasize holistic health and well being, appeal to discerning consumers looking for nourishment and vitality.
Clearwater Seafoods offers a diverse range of sustainably obtained seafood specialties, including quality lobster, scallops, and wild caught fish. Clearwater Seafoods is well known for its devotion to quality and responsible fishing techniques, and it provides great flavor and freshness to seafood enthusiasts all around the world.

Recent Developments:

In February 2024, Bioriginal Food & Science Corp. (“Bioriginal”), a fully owned subsidiary of Cooke Inc., has acquired POS Biosciences Corp. (POS) of Saskatoon from Canopy Growth Corp.

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Segmentation Analysis of the Mussel Market:

By Nature:

Organic
Conventional

By Species Type:

Blue Mussels
Rabbits foot Mussels
Snuffbox Mussels
Horse Mussel
Others (Mediterranean mussels, California mussels, etc.)

By Product Type:

Shelled
Half Shelled
Cooked/Non-shelled

By Format:

Fresh
Frozen
Canned

By End-use Application:

HoReCa
Hotels
Restaurants
Cafes
Retail/Household
Hypermarkets/Supermarkets
Convenience Stores
Discount Stores
Online Retail Stores
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

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Alpha-Amylase Baking Enzyme Market to have a phenomenal CAGR of 3.8% by 2032 | Future Market Insights, Inc.

The global alpha-amylase baking enzyme market is expected to secure a market value worth US$ 465 Million while expanding at a CAGR of 3.8% during the forecast period. The growth of the market can be accredited to the increasing importance of enzymes in bread making to provide various features such as; color texture, dough improvement, and softness. Increasing demand from bakery manufacturers for enzymes to increase the yeast and provide better texture during the formulation for the final product is projected to be another vital factor in the coming time.

Moreover, the alpha-amylase enzyme is gaining significant traction in the chemical industry as they are used as a catalyst in biofuels. They’re likely to experience significant traction for detergent production in order to augment the product yield and reduce lead time. In addition, rising interest in the plant-based alpha-amylase baking enzyme is anticipated to offer significant opportunities to the market. For instance, in June 2021, RXBAR, the Kellogg Company subsidiary rolled out its first plant-based product, peanut butter, and chocolate chip flavors. Such initiatives are expected to provide opportunities for expansion in the market in the coming time.

On the contrary, health issues associated with the consumption of bakery products are projected to be the most significant factor hindering market growth in the coming time. Furthermore, rising preference for all alternative protein hydrolysis enzymes like xylanase, lipase, and others are likely to limit the market growth in the assessment period.

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Key Takeaways from the Market Study:

· Bacteria-based alpha-amylase baking enzymes to exhibit a CAGR of 3.8% during the forecast period

· By application, bread manufacturing to comprise maximum usage, documenting a CAGR of 3.6%

· Market in the U.S to value US$ 162.4 Million by 2032

· U.K market to expand at a CAGR of 3% in the assessment period

· Market in Japan to garner US$ 27 Million during the forecast period

“Rising consumption of bakery products as well as the quest to include ingredients which are consumer health friendly and cost effective are collectively leading to expansion of the market for alpha-amylase baking products market,” says an analyst at FMI.

Competition Analysis

Key players in the global alpha-amylase baking enzyme market include Koninklijke DSM N.V., Novozymes A/S DuPont, Puratos Group N.V., and Specialty Enzymes. Recent key developments in the market are:

· In May 2022, Winni Cakes, India’s leading online gifting platform and bakery chain, announced the opening of the first baking institute in Panchkula that has world resources, educators, and a modern bakery set up to train the young fellows.

· In May 2022, B&M, a European Value Retail S.A.., announced the launch of the banana-flavored Jammie Dodger biscuit range.

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Key Segments Profiled in the Alpha-Amylase Baking Enzyme Market Study

Alpha-Amylase Baking Enzyme Market by Source:

Fungi-based Alpha-Amylase Baking Enzymes
Bacteria-based Alpha-Amylase Baking Enzymes
- Maltogenic
- G4
- Others
Plant-Based Alpha-Amylase Baking Enzymes

Alpha-Amylase Baking Enzyme Market by Application:

Alpha-Amylase Baking Enzymes for Bread
Alpha-Amylase Baking Enzymes for Cookies & Biscuits
Alpha-Amylase Baking Enzymes for Desserts
Alpha-Amylase Baking Enzymes for Other Applications

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Intercity Bus Travel Market Eyes Robust Growth: 7.3% CAGR Enroute to US$ 36.7 Billion by 2034

The intercity bus travel market is estimated to be valued at US$ 18.1 billion by 2024. The market valuation is estimated to be US$ 36.7 billion by 2034, projected at a CAGR of 7.3%.

The rising cost of fuel and growing concerns about environmental sustainability drive the demand for intercity bus travel as a more affordable and eco-friendly mode of transportation. Increasing urbanization and congestion propel the need for efficient intercity transit options, further fueling market growth.

Regulatory complexities, including safety standards and route licensing, present challenges for bus operators, requiring compliance measures that may impact operational efficiency and profitability. Competition from alternative modes of transportation such as trains and airplanes, particularly for long-distance routes, poses a challenge to the intercity bus travel market’s market share.

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The expanding market presents opportunities for innovation and differentiation, with the potential to offer enhanced services and amenities to attract passengers. Partnerships with tourism agencies, businesses, and local governments can facilitate route expansion and promotional initiatives, tapping into new markets and increasing revenue streams.

An emerging trend in the intercity bus travel market is integrating technology to enhance the passenger experience, with amenities such as Wi-Fi connectivity, onboard entertainment systems, and mobile ticketing options becoming increasingly common. There is a growing emphasis on sustainability, with bus companies adopting eco-friendly practices and alternative fuels to reduce carbon emissions and attract environmentally conscious travelers.

Key Takeaways from the Market Study

Under bus type, AC buses are registered to account for a market share of 31% in 2024.
Canada is anticipated to register at a CAGR of 9.7% by 2034.
China experiences significant growth, projected at a CAGR of 3.8% by 2034.
Based on the tourist type, the domestic segment is accounted to hold a market share of 67% in 2024.

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Key Players

OneBus
Academy Bus
Green Tortoise
Flixbus
Limoliner
Central Greyhound Lines
JR Group Japan
Miller Express
Keio Bus
BlaBlaBus
Rapid Penang

Competitive Landscape

In the competitive landscape of the intercity bus travel market, established players and emerging competitors vie for market share. Key factors such as route coverage, service quality, pricing, and technological innovation determine competitiveness.

Major bus operators, both national and regional, employ strategic alliances, partnerships, and advancements in amenities like Wi-Fi connectivity and mobile ticketing to attract passengers. Adaptability and differentiation are essential in navigating this dynamic market.

Some of the key developments are:

Miller Express introduced a new route connecting major urban centers, catering to the growing demand for intercity travel between key metropolitan areas. This development expands the company’s reach and enhances convenience for passengers, positioning Miller Express as a competitive player in the intercity bus travel market.
Keio Bus implemented advanced safety technology across its fleet, including collision avoidance systems and driver monitoring technology. This initiative underscores Keio Bus’s commitment to passenger safety and sets a new standard for excellence in the intercity bus travel industry, enhancing trust and confidence among travelers.

Intercity Bus Travel Market – Key Segments

By Bus Type:

Non-Sleeper
Sleeper
Semi-Sleeper
Air Bus

By Booking Channel:

Online Booking
Phone Booking
Direct Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

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

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
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:

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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Portable Sandwich Marker Market Size Projected to Grow US$ 2387.2 million by 2032

The Portable Sandwich Marker Market is expected to escalate at a CAGR of 11.6% from USD 797.4 Million in 2022 to USD 2387.2 Million through 2032.

With all cafes, restaurants, and retail outlets closed due to the pandemic, the demand for portable sandwich makers for commercial purposes has greatly decreased. Due to trade barriers, the supply chain of the portable sandwich maker market has been disrupted.

There is an increasing demand for portable sandwich makers in households owing to the popularity of sandwiches at breakfast, which has contributed to the growth of the portable sandwich maker market. Several countries have shut down their industries, thus causing the production of portable sandwich makers to drop drastically. Also, labor mobility has been restricted in many places, and raw materials are hard to come by.

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Increasing numbers of fast-food restaurants, coffee shops, and food joints around the world contribute to the growth of the portable sandwich maker market. Portable sandwich makers allow food joints to quickly cook food, causing them to buy this product in higher numbers.

Several factors drive the growth of the portable sandwich maker market, including the growth of the population, disposable incomes, and western influences on cooking methods.

The increase in energy prices, transportation costs, and depreciation increase the cost of portable sandwich makers. This causes companies to worry about a rapid decline in profit, which further restrains the growth of the portable sandwich maker market.

As products continue to be innovated and advanced technology advances, manufacturers are obliged to develop new products that satisfy the needs of consumers. The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices, including smartphones.

Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.

KEY TAKEAWAYS:

The portable sandwich marker market is predicted to develop at a CAGR of 11.6% in the section of the solution category.
The outdoor segment of the location type category in portable sandwich marker market is likely to lead through 2032.
In the United States, the portable sandwich marker market is estimated to hold dominance throughout the forecast period.
By 2032, the portable sandwich marker market in the United Kingdom is expected to show high growth through 2032.

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COMPETITIVE LANDSCAPE:

In recent years, the portable sandwich maker market has developed a competitive edge.

The industry includes Huayu Electrical Appliance Group Co.,Ltd., Zhejiang Wisdom Industry & Trade Co. Ltd., Hamilton Beach Brands, Inc.,Nostalgia Products, TTK PRESTIGE LIMITED, Cello World, Ningbo Mengte Import&Export Co.,Ltd., Borosil, Morphy Richards, Breville USA, and Russell Hobbs ( Spectrum Brands , Inc.).

The portable sandwich maker market is characterized by the presence of a large number of regional manufacturers offering a variety of products. To meet the demands of various consumers, these companies devise various strategies, such as offering cheap and valuable portable sandwich makers.

RECENT DEVELOPMENT:

The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices including smartphones.

A portable sandwich maker offered by Griffin technology, for example, is compatible with mobile devices via Bluetooth, has options for defrosting, and features automatic heating. The convenience of intelligent, portable sandwich makers is anticipated to be an important factor influencing consumer behaviour.

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Key segments

By Product Type:

Single Panini Grill Maker
Double/Dual Panini Grill Maker

By Material Type:

Stainless Steel
Bakelite/Aluminum
Cast Iron
Glass
Others (Alloy, etc.)

By Price Range:

Low
Medium
High/Premium

By Application:

Residential
Commercial

By Sales Channel:

Wholesaler/Distributor
Hypermarkets/Supermarkets
Multi-brand Stores
Specialty Stores
Independent Small Stores
Online Retailers
Other Sales Channel

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Potato Soup Market to Reach US$ 1.7 Billion by 2032, Future Market Insights Inc. Forecasts

The Potato Soup market is experiencing significant growth as consumers seek out convenient and delicious meal options. This creamy and comforting soup is a popular choice among people of all ages, making it a versatile option for restaurants and food manufacturers. The market is witnessing a surge in demand for healthier variations, incorporating organic and plant-based ingredients.

The global potato soup market is set to witness growth at a CAGR of 8.9% and top a valuation of US$ 1.7 Bn by 2032, according to Future Market Insights (FMI). In the fast-paced and modern retail, offering the right food product in terms of nutrition and convenience is fueling the demand for potato soup.

Further, the need for easy-to-go and quick service will drive the demand for potato soup. With the rapid expansion of the food industry, where quality and consistency is the key, potato soup can assist in delivering a convenient meal easily as a time-saving and healthy option.

However, the heat of serving potato soup is more on for cafes, restaurants and hotels as an impeccable food option. As potato soup is nutritious, and easy to prepare, and gives customers more choice with a handful of flavour options available, it is facilitating the growth in the market.

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Key Takeaways from the Market Study

Potato soup demand is projected to grow year-on-year (Y-o-Y) growth of 8.2% in 2022.
Potato soup market is expected to reach a valuation of US$ 1.7 Bn by 2032.
Demand for potato soup grew at 7.7% CAGR between 2017 and 2021.
In terms of product type, baked potato soup is expected to dominate the global potato soup market.
Based on flavor, flavor segment is likely to witness high growth over the assessment period of 2022-2032.

“Potato soup acts as a convenient meal throughout all the time with a much applied versatility with different flavours, which makes it a hearty meal at any time of day for anyone. To capitalize on this existing trend, retailers are stocking the products in shelves with a range of quality to stand in profit,” says a Future Market Insights analyst.

Competitive Landscape

Key potato soup brands are conducting several research and looking for new strategic partnerships, while key business brands are focusing on developing the applications in food industry to generate high-quality food and beverage solutions. Key players are focusing on new formulations and product innovations to gain market share and attract more customers to the product.

Ø In 2018, Campbell Soup Company announced to launch a new drink, which is a blend of water with sweet potato juice, and act as an isotonic beverage post workout. The gluten-free product is a plant-based soup, and non-GMO in nature. Glucose of sweet potatoes and electrolytes are blended in the product with purified water to create the soup that is filled with nutrients and isotonic fluids.

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Potato Soup Market by Category

By Product Type:

Plain
Baked
Mixed
Others

By Packaging Type:

Fresh
Frozen
Canned
Others

By Flavor:

Unflavoured
Flavoured

By Product Format:

Cream
Powder
Chunk
Paste
Others

By Usage Format:

Ready to Cook
Ready to Eat

By Sales Channel:

B2B / HoReCa
B2C

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Egg Replacer Market to Experience 5.4% CAGR Growth by 2032 Fueled by Increasing Popularity of Vegan and Allergen-Free Products

The egg replacer market is witnessing significant growth due to rising awareness about health concerns, dietary preferences, and environmental impact. As consumers seek plant-based alternatives, egg replacers made from natural ingredients like flaxseed, chia seeds, tofu, and aquafaba have gained popularity. These replacements offer similar binding and leavening properties as eggs, making them suitable for various recipes like baking, pancakes, and scrambles.

According to the recent FMI report, the sales for egg replacers are expected to surpass a valuation of US$ 1.5 Bn in 2032, rising at a CAGR of around 5.4% through the end of 2032.

Food preferences have shifted considerably around the world in the last decade. Vegan food is becoming more popular as health problems related to meat-based foods are becoming more prevalent in various countries.

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Taking cues, manufacturers are launching egg replacement products with similar nutritional benefits across plant-based food chains. In addition to supply chain issues such as tainted eggs, the egg market is becoming more fragile, prompting customers to switch to egg substitutes.

Contaminated egg cases like traces of a pesticide called fipronil can be found in eggs that are used in food chains and the food processing industry, which is limiting sales of eggs. Fipronil is prohibited in the preparation of food products as it is hazardous to human health if consumed in large quantities. This factor is expected to fuel the adoption and sales of egg substitutes over the forecast period.

List Of Key Players Covered in the Egg Replacer Market are:

Corbion NV
Tate & Lyle Plc.
Glanbia plc.
Ingredion Incorporated
MGP Ingredients
Ener-G Foods, Inc.
Dupont De Nemours and Company
Fiberstar
Puratos
Danone Nutricia

“Rising demand for functional food ingredients is anticipated to boost sales of egg replacement products among the vegan population. In addition to this, growing demand for vegan alternatives across the globe will widen the scope of adoption of egg replacers in the forthcoming years,” says an FMI analyst.

Key Takeaways:

Based on form, sales of dry egg replacers will continue gaining traction through 2032.
In terms of ingredients, incorporation of dairy proteins in egg replacers will remain high.
By applications, demand in the baking and confectionery segment is anticipated to increase at a considerable pace.
The North America egg replacer market is expected hold 48.2% of the total market share by 2032.

Competition Landscape

Some of the leading companies offering egg replacers are Corbion NV, Tate & Lyle Plc., Glanbia plc., Ingredion Incorporated, MGP Ingredients, Ener-G Foods, Inc., Dupont De Nemours and Company, Fiberstar, Puratos, and Danone Nutricia.

Key players operating in the global egg replacer market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production. For instance:

Zero Egg, an egg replacement producer, raised $5 million in a Series A fundraising round headed by Powerplant Ventures in November 2020. Zero Egg’s plant-based product is made from a blend of plant proteins and is aimed for foodservice and food makers. It is said to taste, look, and operate like an average egg.

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Get Valuable Insights into Egg Replacer Market 

FMI, in its new offering, provides an unbiased analysis of egg replacer presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for egg replacer based on form (dry and liquid), ingredient (dairy proteins, starch, algal flour, and soy-based products), application (biscuits, chocolates, cakes, dressings & spreads, mayonnaise, pasta, noodles, and breads), across seven major regions.

Egg Replacer Market by Category

By Form, Egg Replacer Market is Segmented as:

Dry
Liquid

By Ingredient, Egg Replacer Market is Segmented as:

Dairy Proteins
Starch
Algal Flour
Soy-based Products

By Application, Egg Replacer Market is Segmented as:

Biscuits
Chocolates
Cakes
Dressings & Spreads
Mayonnaise
Pasta
Noodles
Breads Swine

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Frequently Asked Questions

How big is the Egg Replacer Market?
What is the North America Egg Replacer Market Outlook?
At What Rate Will Egg Replacer Demand Grow in Europe?
What Are the Key Trends Shaping the Egg Replacer Market?

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Industrial Ceramics Market Poised for Explosive Growth: Infrastructure Boom to Drive US$ 218.1 Billion Market by 2032

The global industrial ceramics market was worth US$ 118.9 Billion in the year 2022 and is expected to reach US$ 218.1 Billion by the year 2032 at a CAGR of 6.1% between 2022 and 2032.

Improving infrastructure worldwide is expected to take the industrial ceramics market by storm in the near future. The construction vertical is the flagbearer herein. Ceramic implants are turning out to be more popular across the globe due to advancements in medical technology. They are used at a greater scale in the dental and orthopaedics sub-vertical.

Industrial ceramics find applications across end-users like aerospace & aviation, automotive, healthcare, oil & gas, and the other industrial verticals.

The automotive sector has industrial ceramics-based products like ceramic bearings, mechanical seals, sensors, and valves. For instance – Yttria Stabilized Zirconia (one of the ceramic materials known for higher tensile strength) is well-suited for pump components like fuel injectors, and the mechanical seals for highly durable engines.

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Coming to pumps, critical components like stator and rotor are being produced from the industrial ceramics; particularly in the applications that involve movement of the high-temperature fluids. The major advantage is that industrial ceramics perform better under high temperatures and do have a better resistance against wear and corrosion. Insulation tiles are known for having a long history of utilization in the space shuttle program of NASA.

In today’s world, advanced industrial ceramics like glass-ceramic composites are used for making windows, panels, canopies, and lenses due to the higher heat resistance and being lightweight.

Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Industrial Ceramics Market’. It has its determined team of analysts and consultants for executing through 360-degree view in its primary, secondary, and tertiary modes of research.

“With automotive and medical verticals increasingly asking for ceramics, the industrial ceramics market is likely to grow on a grand note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from the Industrial Ceramics Market

The Asia-Pacific holds the largest market share with rapidly expanding automotive vertical, fast-paced energy & power sector, and rising innovation in healthcare and aviation in Japan, China, and India.
Europe and North America have conventionally been stronger markets for industrial ceramics. The scenario is expected to remain unchanged even in the forecast period. The US, Germany, and the UK are leading from the front.

Competitive Analysis

Kyocera Corporation, in the year 2019, did announce that it had acquired Friatec GmbH’s ceramic business. It has actually given the company a ceramic production all across the Europe; thereby letting it fulfil expansion of industrial machinery components.
CeramTec, in 2021, did create a novel 3D printing technology for getting construction pieces from technical ceramics. It’s a quick and low-cost 3D printing method.
SCOTT AG, in September 2021, completed acquisition of Applied Microarrays Inc. for expanding the diagnostic business.
Bodycote, in April 2021, completed acquisition of Ellison Surface Technologies for creating the biggest engineered coating surface technology along with thermal spray services.
Oerlikon Balzers, in April 2021, expanded the first customer center in Vietnam; thereby expanding its footprints in the Asia-Pacific.
AGC Ceramics Co., Ltd., in December 2022, entered into collaboration with AMSKY technology Co., Ltd. for expanding the sales of BRIGHTORBTM 1, the 3D printing material in China.
Kyocera, in February 2022, did launch the high-speed ceramic packages as well as substrates for the optoelectronic devices at OFC.
AGC Si-tech, in July 2022, did launch Integrated Silica Product Brand RESIFATM to expand eco-friendly silica products like Microplastic Substitutes all through Norway.
CeramTec, in April 2021, did develop a ceramic power module for the drive inverters for e-mobility solutions. The company collaborated with Fraunhofer Institute for Integrated Systems and Device technology for developing cooling solutions for power electronics in the e-mobility drive trains.

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Top Key Companies

Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., Advanced Industrial Ceramics (AIC), Carborundum Universal Limited, CM Cera, A&B Industrial Ceramics, Schaefer Industrial Ceramics.

What does the Report Cover?

The research study is based on type (alumina, silicon carbide, tungsten carbide, mullite, cordierite, zirconium dioxide, and silicon nitride), by product (pipes & tubes, insulators, knives & cutters, medical implants, fiber optic connectors, electrical connectors, nozzles, rods, filters, coatings, and formed components), and by end-use (automotive, aerospace & aviation, power, oil & gas, healthcare, and industrial).
With growing demand from building and construction vertical, the global industrial ceramics market is bound to grow on an impertinent note in the forecast period.

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Steady Growth Forecasted: Aerospace Maintenance Chemical Market to Achieve 3.4% CAGR from 2022 to 2032

Aerospace Maintenance Chemical Market Growth

The global aerospace maintenance chemical market was worth US$ 7.2 Billion in the year 2020 and is expected to reach US$ 10.4 Billion by the year 2032 at a CAGR of 3.4% between 2022 and 2032.

The aerospace maintenance chemical market is expected to witness a major overhaul in the upcoming period on the back of increase in frequency of the air travellers across the globe. As such, the airlines are into provision of cleaner experience to the passengers. It’s a known fact that passengers’ continuous contact with cabin’s interior tends to degrade the interiors of aircraft; thereby necessitating cleaning operations.

Aerospace maintenance chemicals could be lubricants or solvents. Lubricants are substances reducing friction between the moving parts; whereas solvents are the ones dissolving or removing materials like dust, dirt, paint, and grease. With increase in complexity of systems, airframes, and engines, maintenance as well as well as repairing of aircraft turns out to be mandatory. As aircraft components are pretty costly, and downtime could incur heavy losses to the airlines, it’s advisable to ascertain proper maintenance.

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As per SGI Aviation and IATA, more than 27K commercial aircrafts operate all over with an average age of over 12 years. Plus, half of the aircrafts are still operating in spite of crossing the operational age of 25 years. The figures send across a message that maintenance is inevitable. Plus, as per IATA’s MCTF (maintenance Cost Task Force), an airline fleet should not be running for more than 8.9 years. This precarious situation is bound to drive the demand for aerospace maintenance chemicals in the forecast period.

At the same time, stern regulations from the governments regarding usage of harmful chemicals for maintenance of airplanes, higher maintenance costs of the airplanes, and dearth of skilled professionals are expected to restrain the aerospace maintenance chemical market in the forecast period. Air travel has picked up pace. The global aerospace maintenance chemical market is likely to grow on an unstoppable note in the forecast period.

Also, the last two years were pretty tough for the aerospace vertical as lockdowns were enforced in wake of Covid-19. With normalcy getting restored in 2022,

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Aerospace Maintenance Chemical Market’. Its team comprising analysts and consultants is there to execute with an amalgamation of macros and micros.

“With growing realization of the fact that aerospace maintenance chemicals could be used as paint removers, cleaning materials, degreasers, paint strippers, and aircraft polishers & washers to render the commercial aircraft free of corrosion, the global aerospace maintenance chemical market is expected to grow on a stupendous note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Aerospace Maintenance Chemical Market

North America holds the largest market share due to the end-consumers increasingly preferring air travel. Also, the governments are handsomely investing on maintaining defense aircrafts.
Europe stands second on this count along the parameters mentioned above.
The Asia-Pacific is expected to grow at the fastest rate in the aerospace maintenance chemical market. This could be reasoned with noteworthy growth in aerospace vertical.

Competitive Chemicals

Singapore Technologies Engineering Ltd., of late, did sell 50% of equity stake in ‘Keystone Holdings Pte. Ltd.’ to ‘SJ Aviation Capital Pte. Ltd.’ for nearly US$ 10.7 Mn. ST Aerospace, along with SJ Aviation Capital, would be owning half of Keystone Holdings each; which would aid in developing a portfolio of the maintenance chemical products.

Quaker Chemical Corporation is known for providing process fluids, technical expertise, and specialty chemicals to a broad spectrum of industries inclusive of aluminum, steel, mining, automotive, aerospace, cans, tube and pipe, and likewise.

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Top Key Players in the Global Market

Exxon Mobil Corporation
Royal Dutch Shell plc
The Dow Chemical Company
Arrow Solutions
Callington Haven Pty Ltd.
Florida Chemical
Nuvite Chemical Compounds
Eastman Chemical Company
ALMADION International
JACO INDUSTRIALS INC.

What does the Report highlight?

The research study is based on nature (inorganic chemicals, organic chemicals, and others), by type (commercial aircraft, general aviation, helicopters, and defense aircrafts), and by application (deicing fluids, cleaning fluids, and others).
With an increasing demand for aircraft surface repair, the global aerospace maintenance chemical market is bound to grow inadvertently going forward.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani