Algae-Based Animal Feed Market Set to US$ 8,158.1 million by 2033: Investment Opportunities Surge Amidst Growing Demand for Sustainable Nutrition

Algae-Based Animal Feed Market
Algae-Based Animal Feed Market

The net revenue generated from the sales of animal feed worldwide was figured out to be around US$ 4,230.7 million by 2022 end. The demand for algae-based animal feed and components is anticipated to increase at an annual average growth rate of 3.7% from 2023 to 2033. By following this growth rate, the overall market value is anticipated to reach US$ 8,158.1 million, growing from US$ 4,467.4 million in 2023.

Growing acceptance of marine-based nutritional supplements has increased the demand for algae-based animal feed additives globally. Ulva, porphyra, spirulina, gracilaria, chlorella, dunaliella, and tetraselmis are used for algae-based animal feed and additives, which are gaining popularity due to their higher nutrition content. The adoption of kelp cultivation in marine ecosystems by remote area farmers has also boosted the supply of algae for industries.

The use of dietary supplements for animals with mineral contents has also increased with rising animal health consciousness and a growing focus on their immune system. Moreover, microalgae organisms have been the subject of extensive study as a potential effective protection against the extraordinary health crisis that affects ruminants.

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Key Takeaways from the Algae-based Animal Feed Market Study Report

  • The worldwide market for algae-based animal feed is expected to witness an absolute growth opportunity of roughly US$ 3,600 million over the next ten years.
  • The United States is the leading consumer of algae-based animal feed, and in 2023, it could acquire a global market share of 19.8%.
  • In Europe, the United Kingdom is the leading market for the production of seaweed feeds, and the regional market could advance at 5% CAGR through 2033.
  • China is the global leader in seaweed production, and the algae-based animal feed industry here is anticipated to progress at 7.6% CAGR through 2033.
  • India is anticipated to follow China closely in advancement in algae-based animal feed utilization by following a CAGR of 7.3% CAGR through 2033.

“Prominent market players are focussed on the development of product lines of algae-based animal feeds with more emphasis on it as a nutritional supplement. Moreover, the proliferation of e-commerce websites has increased the sales of algae-based pet food, ultimately opening new avenues and opportunities for business,” Says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

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Competitive Landscape for the Algae-based Animal Feed Market Players

The overall market for algae meal for livestock is highly diversified, with some leading players having prominent positions due to extensive supply chains. As governments, particularly in Asian countries, are pushing towards a more sustainable feedstock market, the emergence of new players here could further fragment the market.
Key Companies Profiled in the Algae-based Animal Feed Industry 

  • Cargill Inc.
  • Archer Daniels Midland Company
  • DIC Corporation
  • Koninklijke DSM NV.
  • Roquette Freres
  • Sun Chlorella
  • Cellana LLC.
  • Fuji Chemical Industries Co. Ltd.
  • Algama Foods
  • Corbin (Terra Via Holdings)
  • HOWND
  • Yunnan Green-A-Bio-engineering Co Ltd.

Recent Developments in the Algae-based Animal Feed Industry 

Alltech Incorporate and Agolin Company of Switzerland partnered in May 2023 to create environmentally friendly feeding strategies to achieve productivity targets for cattle livestock. It is aimed at assisting farmers in the United States to meet their requirements for animal nutritional solutions and feed additives based on algae.

At BIOFACH in July 2022, Allmicroalgae Company presented its microalgae-based solutions for Spirulina and Chlorella together with other natural and nutraceutical food products. This development is expected to advance the chlorella animal nutrition segment with a prominent focus on the feedstock used for swine and poultry cultivation.

Fermentalg Inc. announced in the year 2021 about developing KALVEA Plus, which is a novel super-nutritious algal protein concentrate for aquafeed uses.

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Key Segments Covered by Algae-based Animal Feed Industry Survey Report

By Additive Type:

  • Feed Preservatives
  • Feed Emulsifiers
  • Feed Acidifiers
  • Feed Additives
  • Feed Probiotics
  • Feed Enzyme
  • Feed Colorants
  • Feed Flavors
  • Feed Sweeteners
  • Nutritional Additives
  • Other Feed Additives

By Form:

  • Liquid
  • Dry
  • Granules

By Livestock:

  • Ruminants
  • Poultry
  • Swine
  • Aquaculture
  • Other Livestocks

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

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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Vegan Confectionery Market Forecast: Investing in Plant-Based Delights as Global Demand Surges

Vegan Confectionery Market
Vegan Confectionery Market

The global vegan confectionery market is projected to witness a significant growth trajectory over the coming years. The market is estimated to be valued at US$ 1,377.7 million in 2024 and reach a valuation of US$ 3,327.8 million by 2034. This growth is expected to be driven by a CAGR of 7.3% through 2034 as more consumers adopt plant-based diets due to health concerns and lifestyle disorders. The trend of veganism is particularly pronounced in the confectionery industry, where manufacturers have developed a range of plant-based products to cater to the growing market demand.

The global vegan confectionery market has witnessed remarkable growth in recent years, driven by several factors. One of the key drivers of this growth is the increasing popularity of veganism, particularly among millennials and the working population. This shift toward plant-based diets is linked to the growing awareness of animal welfare and environmental sustainability. Consumers today are more concerned about the ethical treatment of animals and the impact of food production on the environment. As a result, there has been a surge in campaigns and awareness efforts to promote veganism and plant-based diets, which has further fueled the market for vegan confectionery.

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The vegan confectionery market presents numerous opportunities for businesses, including the development of innovative and sustainable food products. With the use of advanced technologies, such as plant-based ingredients and eco-friendly packaging, companies can create products that appeal to the growing demand for ethical and sustainable food choices. Additionally, the incorporation of functional ingredients, such as protein and fiber, can enhance the nutritional value of vegan confectionery products.

Manufacturers and suppliers can capitalize on the opportunity presented by the market by introducing innovative and delectable vegan chocolate confectionery options of high quality to cater to the discerning tastes of consumers. The exploitation of the increasing interest in vegan products in the market is an opportunity for them to boost their earnings.

The market is fast-growing, and companies that offer quality and innovative products are likely to gain a competitive edge over their peers. Therefore, manufacturers and suppliers should consider investing in research and development to create unique and appealing vegan chocolate products that meet the market’s specific needs.

“The future of the vegan confectionery market appears to be promising, with sustained growth expected in the coming years. As consumers prioritize ethical and sustainable food choices, companies prioritizing product innovation and sustainability can seize exciting opportunities in this dynamic market,” -says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Key Takeaways from the Vegan Confectionery Market

  • The global vegan confectionery market is estimated to register a CAGR of 7.3% with a valuation of US$ 3,327.8 million by 2034.
  • The global market registered a CAGR of 9.2% during the historical period.
  • BENELUX is anticipated to dominate the global market by registering an 11.9% CAGR during the forecast period.
  • With a 10.3% CAGR, the United Kingdom is expected to drive the global market through 2034.
  • The market in Germany is anticipated to secure a CAGR of 9.2% during the forecast period.

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Key Strategies

Significant development and expansion have occurred in the vegan confectionery industry during the last several years. One primary reason for this growth is the entry of several players into the market, which has expanded the market.

The top players in the market concentrate on launching premium, nutrient-rich products to satisfy a range of consumer tastes and preferences and stay competitive. Producers are also expanding their production capacities to fulfill the rising demand for vegan candy while maintaining the nutritional value of their products.

Recent Developments in the Vegan Confectionery Market

  • In November 2023, NOMO, a vegan and free-from chocolate brand based in the United Kingdom, launched a new lineup of its unique pop-up chocolate initiative featuring several traditional and contemporary flavors.
  • In October 2023, Fruit-Tella decided to completely transform its ‘chew’ and ‘stix’ products to appeal to a broader consumer base. The new vegan confectionery will be made with natural colorings and flavors and incorporate real fruit juice.
  • In April 2023, Hershey’s launched dairy-free alternatives for Reese’s peanut butter cups and Hershey’s cream infused with almonds and sea salt.

Key Companies in the Vegan Confectionery Market

  • Mondelez International
  • Nestlé
  • Barry Callebaut
  • So Delicious Dairy Free
  • Hershey Company
  • Mars Incorporated
  • Kellogg Company
  • Taza Chocolate
  • Alter Eco
  • Freedom Confectionery
  • Dylan’s Candy Bar
  • Endorfin
  • Goodio

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Market Segmentation

By Product:

  • Vegan Chocolate Bars
  • Vegan Truffles
  • Vegan Gummies and Jellies
  • Vegan Marshmallows
  • Vegan Hard Candies
  • Vegan Licorice
  • Vegan Caramels
  • Vegan Fudge
  • Vegan Baked Goods
  • Vegan Puddings and Desserts
  • Vegan Chocolate Spreads

By Distribution Channel:

  • Food Service (HoReCa, Bakeries & Patisseries)
  • Airport Retail
  • Travel Retail (airplanes, Cruise ships)
  • Retail
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Departmental Stores
    • Wholesale Stores
    • Independent Retailers
    • Specialty Stores
  • Online Retailers

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The 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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Streaming Analytics Market Poised for 21.1% CAGR, Eyeing US$ 107,548.7 Million by 2033

The global market for streaming analytics market is anticipated to increase at a CAGR of 21.1% from US$ 15,811.3 million in 2023 to US$ 107,548.7 Million by 2033. Nearly 40% of the worldwide data analytics industry was accounted for by the market for streaming analytics.

Massive amounts of data are being generated as a result of the widespread use of industrial 4.0 techniques, which is also expected to raise the potential for real-time analytics adoption throughout the projected period.

Streaming analytics technology is being used by businesses to develop new business channels and boost customer engagement. As a result, stream analytics are growing in popularity in sectors like BFSI, supply chain management, and advertising & marketing. This will likely have a positive impact on the market for streaming analytics.

Businesses are beginning to focus more intently on gathering data on streaming events. Rapid response to events encourages operational responsiveness and organizational effectiveness. Businesses that use streaming analytics software can apply important context to events as they happen.

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Implementing streaming analytics will improve operational effectiveness, reduce infrastructure costs, and speed up the delivery of information and results. Organizations of all sizes can access data streaming through apps, social media, sensors, gadgets, websites, and other sources. Real-time analysis can provide essential, useful insights in a range of operational and functional domains, as opposed to storing and analyzing data later.

Key Takeaways from the Streaming Analytics Market Report:

  • By solution, the streaming analytics platform has a leading share in the global demand for the streaming analytics market during the forecast period. In addition, this segment will register at a CAGR of 22.5% through the forecast period.
  • Cloud-based streaming analytics platform will hold the largest market share of 53.4% in 2022 followed by hybrid streaming analytics platform.
  • Among the services, managed service is estimated to grow by 2.9X during the forecast period. In addition to this, this segment will hold the largest market share by 2032.
  • By application, the advertising & marketing segment will hold the highest market share in 2022, but supply chain management is estimated to grow at the highest CAGR from 2022 to 2032.
  • By industry, the IT & telecom industry segment is expected to grow at the highest CAGR of 25.8% from 2022 to 2032, followed by the retail & e-commerce industry.
  • North America is anticipated to lead the streaming analytics market followed by Europe in 2022. Whereas South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
  • The streaming analytics market in East Asia is estimated to witness an absolute opportunity of US $ 12,612.7 Million in the forecast period.

Leading Key Players:

  • Oracle Corporation
  • IBM Corporation
  • Google
  • Microsoft Corporation
  • SAS
  • SAP
  • Amazon Web Services
  • TIBCO
  • Software AG
  • Cloudera
  • Apache Software Foundation
  • Guavas
  • Adobe
  • Altair
  • Quix
  • Striim, Inc.
  • Confluent

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Streaming Analytics Market Segmentation:

By Solution:

  • Platform
  • Cloud-based
  • On-Premises
  • Hybrid
  • Services
  • Managed Services
  • Professional Services
  • Consulting Services
  • Integration & Implementation
  • Support & Maintenance

By Application:

  • Advertising & Marketing
  • Financial Analytics
  • Supply Chain Management
  • Demographic Location Intelligence
  • Fraud Intelligence
  • Customer Experience Monitoring
  • Others

By Enterprise Size:

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

By Industry:

  • IT & Telecom
  • Media and Entertainment
  • Retail & E-commerce
  • Manufacturing
  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Government
  • Education
  • Other

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

About Future Market Insights (FMI):

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

Contact Us:        

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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Maltitol Market Forecasted to Reach US$ 374.2 Million by 2033, Driven by Growing Demand for Sugar Alternatives

The global Maltitol Market was valued at US$ 241.5 million in 2023. Revenue is projected to reach US$ 374.2 million by 2033. Sales of global maltitol are likely to increase at a CAGR of 6.3% over the forecast period 2023 to 2033.

Growing consumer interest in seeking alternatives for traditional sugar is a key factor that is anticipated to increase the demand in the maltitol industry. Increasing diabetes and other health issues related to sugar consumption are also likely to fuel maltitol sales during the forecast period.

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To increase brand preference and sales, maltitol manufacturers are investing in research and development. This includes launching new maltitol-based formulations or blends that meet specific consumer demands. Continuous innovation helps in building a strong brand image by offering unique solutions to consumers. These innovative product launches are anticipated to propel the maltitol industry forward.

Maltitol’s low glycemic index and its ability to provide sweetness without causing a sharp increase in blood sugar levels. It has made it a popular choice among diabetic individuals and health-conscious consumers. As diabetes and obesity rates have increased globally, the demand for maltitol as a sugar alternative has also propelled.

For instance, Luker chocolate launched their new sweetener range. The launch of a new product range was driven by consumer and client demand. Development of such products will provide healthy choices to consumers, will be kind for their body and still be a tasty treat.

The market is likely to have additional growth opportunities as a result of globalization and the creation of new kinds. The demand for diverse and natural ingredients is rising as the world becomes more interconnected. Consumers are also embrace other cultures’ culinary traditions more readily.

Maltitol’s taste and texture is similar to sugar, making it versatile in diverse food applications. It includes bakery and confectionery, dairy products, beverages, and medicines. This contributes to its popularity and is expected to boost the sales of maltitol.

Key Takeaways from the Maltitol Market:

  • The global maltitol sales are set to reach a total of about US$ 374.2 million by 2033.
  • Global demand for maltitol is likely to soar at 6.3% CAGR over the forecast period.
  • South Asia is set to hold a significant share of about 23.8% in the global market by 2033.
  • The United States maltitol market is projected to reach a valuation of US$ 82.1 million by 2033.
  • India market is estimated to witness a value CAGR of 6.2% during the projection period.

“Rising demand for maltitol demonstrates a shift in preferences toward natural, low-calorie, and diabetic-friendly sweeteners. Key manufacturers strive to create innovative maltitol-based products that cater to evolving consumer preferences. The move away from traditional sugar is likely to remain a key trend through 2033.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Companies might engage in partnerships or acquisitions to broaden their product portfolios or gain access to new markets. Key manufacturers invest in marketing initiatives to highlight the benefits of maltitol and differentiate their products from competitors.

Key players are offering customized maltitol solutions to food and beverage manufacturers enables them to cater to specific requirements and preferences of their clients. This strategy fosters long-term partnerships and customer loyalty.

For instance,

  • In May 2020, Ingredion, Inc. EMEA introduced ERYSTA Erythritol, a polyol sweetener, to meet customer demand for ‘no added sugar’ and ‘chlorine-reduced’ label claims.
  • In October 2019, Icon Food debuted IconiSweet, a sweetener made from, erythritol, stevia, which and monk fruit. The novel product has several technological benefits over standard single sweetener formulations.

The Top 15 Key players in Maltitol Market are:

  1. Tate & Lyle PLC
  2. Archer Daniels Midland Company
  3. Cargill
  4. Futaste Co., Ltd.
  5. Ingredion Incorporated
  6. Roquette Freres
  7. Zhejiang Huakang Pharmaceutical Co., Ltd.
  8. TCI America
  9. Foodchem International
  10. Shaoxing Marina Biotechnology
  11. Dancheng Caixin Sugar
  12. ShanDong Maltitlol,Shandong Lvjian Bio (CN)
  13. Hylen
  14. Mitsubishi Corporation Life Sciences Limited
  15. Sigma Aldrich

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Maltitlol Market by Category

By Form :

  • Liquid (Syrup)
  • Powdered and Granular (Crystal)

By End Use Industry :

  • Food & Beverage
    • Bakery Goods
    • Sweet Spreads
    • Confectionery & Chewing Gum
    • Beverages
    • Dairy Products
  • Pharmaceutical

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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Contactless Ticketing Market Hits US$ 17.3 Billion, Aiming for 13.9% CAGR by 2032

The contactless ticketing market is poised for substantial growth, with a projected valuation of US$ 17.3 Billion by 2032. Over the forecast period spanning from 2022 to 2032, this market is expected to exhibit impressive growth at (CAGR) of 13.9%. This substantial expansion is a testament to the increasing adoption of contactless ticketing solutions across various industries and sectors, including public transportation, events, and entertainment. As the world continues to embrace digitalization and seeks more convenient and secure ways of accessing services, contactless ticketing is set to play a pivotal role, making the process of purchasing and using tickets more efficient and hassle-free for consumers and businesses alike.

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To top up, by using contactless ticketing a passenger has to just tap the mobile device on the NFC reader at the barrier or when boarding the bus or train. Many countries are already enjoying the benefits of near-field communication technology by using contactless ticketing. Due to the increase in fraudulent activities and the need to provide secure services to customers, contactless ticketing providers are offering security-based solutions to fulfill this huge demand in the contactless ticketing market. The introduction of reliable and safe contactless ticketing has brought about a wide range of applications of contactless ticketing in different sectors. Contactless ticketing solutions can also be used for fare collection via mobile ticketing and tolls.

Global Contactless Ticketing Market: Drivers and Challenges:
Contactless payments are fast-paced without the requirement of any password or PIN to process the payment. Thus, these transactions are performed quickly without compromising on privacy or security. This is one of the major factors driving the growth of the contactless ticketing market. The increasing demand for mobile and web applications, and real-time information, are some of the major factors driving the growth of the contactless ticketing market. Faster and easier transactions by using contactless ticketing make the boarding of passengers’ smoother, and hence, is another factor anticipated to drive the growth of the contactless ticketing market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand for the contactless ticketing market over the forecast period.

However, concerns regarding security and privacy have created a lack of trust among the public, and the absence of a pin facility during the transaction in contactless ticketing further increases the concerns of customers. This is one of the key factors hampering the growth of the contactless ticketing market. Moreover, contactless ticketing cards are accepted at fewer locations as compared to magnetic striped cards, which is another factor restraining the growth of the contactless ticketing market.

Leading Key Players:

  • Wirecard AG
  • CPI Card Group Inc.
  • Atos SE
  • NXP Semiconductors N.V.
  • Infineon Technologies AG
  • Giesecke & Devrient GmbH
  • Proxama PLC.
  • Oberthur Technologies S.A.
  • Texas Instruments, Inc.
  • American Express Company

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Contactless Ticketing Market Segmentation:

By Device Type:

  • Smart Cards
  • NFC Chips
  • Mobile Handsets
  • Others

By Vertical:

  • Transportation
    • Land Transport
    • Air Transport
    • Water Transport
  • Media and Entertainment
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • 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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Glass Forming Machine Market Demand: Industry Soaring at US$ 430 billion by 2033

Future Market Insights projects substantial growth for the glass forming machine market, with expectations of reaching a valuation of US$ 270 billion by the conclusion of 2023. Forecasts suggest a robust CAGR of 4.8%, propelling the global demand for glass forming machines to US$ 430 billion by 2033.

The escalating demand for glass products across various end-use applications is a primary driver behind this growth trajectory. Particularly, the food and beverage industry continues to present lucrative opportunities for glass forming machine manufacturers, fueled by the need for containers and packaging solutions.

Among the prevalent configurations, the individual section machine (IS machine) remains the most widely utilized in glass manufacturing. Manufacturers of these machines are experiencing sustained demand, albeit navigating challenges inherent to the sector.

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Growth Factors

The glass forming machine market is significantly influenced by the burgeoning construction sector. As one of the primary consumers of glass products, the construction industry relies on glass for various applications like windows, doors, facades, and partitions. With the construction industry witnessing steady growth driven by factors such as urbanization, population expansion, and infrastructural development, the demand for glass products is expected to surge, consequently propelling the need for glass forming machines.

Moreover, the automotive industry plays a crucial role in driving the demand for glass forming machines. Glass finds extensive use in automobile manufacturing for windshields, windows, and mirrors. With the automotive sector poised for growth due to factors like increasing population, rising disposable incomes, and urbanization, the demand for glass products in this industry is projected to rise, further bolstering the demand for glass forming machines.

Additionally, the packaging industry is a key driver of the glass forming machine market. Glass serves as a preferred material for packaging products such as bottles and jars. With the escalating demand for packaged goods, particularly in response to changing consumer preferences and lifestyle trends, the demand for glass products for packaging purposes is anticipated to increase, thereby driving the demand for glass forming machines.

Key Manufacturers and Suppliers

  • Heye International GmbH
  • BDF Industries SPA
  • Jetter AG
  • Sklostroj Turnov CZ, s.r.o.
  • LiSEC GmbH
  • JCL Engineering Pte Ltd.
  • Ishizuka Glass Group
  • BOTTERO S.p.A
  • C&M Machinery
  • Chongqing Life Furnace Technology Co., Ltd.
  • GPS Glasproduktions-Service GmbH
  • Bucher Emhart Glass
  • Others.

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Market Segmentation

By Method Type:

  • Blow and Blow Method
  • Press and Blow Method

By End-Use:

  • Health Care
  • Chemical
  • Food & Beverages
  • Laboratories
  • Others

By Region:

  • North America
    • USA
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Europe
    • Germany
    • Italy
    • France
    • United Kingdom
    • Spain
    • Nordics
    • Benelux
    • Russia
  • South Asia & Pacific
    • India
    • ASEAN
    • Oceania
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa

Smart Home Platforms Market to Skyrocket to US$110 Billion by 2032 with 16.5% CAGR

The global smart home platforms market achieved a value of US$ 20.5 Billion in 2021 and is poised to exhibit a remarkable CAGR of 16.5%, reaching a significant milestone of US$ 110 Billion between 2022 and 2032. The increasing adoption of smart home platforms, which enriches customers’ experiences, is a key driver propelling market expansion. Furthermore, the ability of smart home platforms to facilitate remote control of various home functions adds another dimension to their demand, thus contributing to market growth.

Smart home platforms, also known as IoT platforms for smart homes, are software apps that link with connected devices, enabling communication, command response, and event handling. Their primary goal is to unify and ensure compatibility among smart devices, thereby regulating and harmonizing their functions.

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Key Drivers:

  1. Integration and Compatibility: Smart home platforms aim to unify various smart devices by ensuring their compatibility and seamless communication, driving the convenience of managing multiple devices from a single platform.
  2. Data Management and Security: The ability of smart home platforms to store, analyze, and secure collected data enhances the overall user experience by ensuring the safety and privacy of sensitive information.
  3. Operational Efficiency: Smart home platforms streamline the management of smart devices, simplifying operations and enhancing user satisfaction by providing a centralized control interface.
  4. Personalization and User Satisfaction: These platforms use collected data to tailor experiences to users’ preferences, predicting and meeting their needs, ultimately creating enjoyable and satisfying smart home environments.
  5. Scenario Preparation and Adaptability: Smart home platforms analyze stored data to predict and prepare for future scenarios, ensuring adaptability to changing environmental conditions and user requirements.
  6. Enhanced Automation: The automation capabilities of smart home platforms contribute to a more comfortable and enjoyable living environment by anticipating users’ behaviors and needs.
  7. Convenience and Ease of Use: Users can control and manage multiple smart devices effortlessly through a single platform, enhancing the convenience and user-friendliness of their smart homes.

Key Takeaways from the Smart Home Platforms Market Study:

  • Smart home platforms catering to security and surveillance dominate the market with a substantial 53.3% share, growing at a robust CAGR of 16.7%.
  • IoT platforms focused on smart appliances are projected to contribute to 65% of the revenue throughout the forecast period.
  • The North American market is poised to reach a value of US$ 24 Billion, displaying a steady CAGR of 16.5%.
  • Asia Pacific region is anticipated to exhibit a notable CAGR of 15.2% during the forecast period.
  • The global smart home platforms market is set to expand by 4.6 times from 2022 to 2032.
  • “The increasing demand for efficient household security systems and the convenience of remotely controlling smart appliances has led to widespread adoption of smart home platforms like Alexa worldwide,” notes an analyst from FMI.

Competitive Landscape:
Key players in the global Smart Home Platforms market comprise Apple Inc., Google LLC, Cisco Systems, Inc., Resideo Technologies, Inc., Amazon.com, Inc., LG Electronics, Samsung Electronics Co. Ltd., Siemens AG, Robert Bosch Smart Home GmbH, and General Electric Company. Recent significant developments among these players include:

  • In June 2022, Samsung Electronics launched SmartThings Home Life, offering a comprehensive smart home experience in 97 countries.
  • In January 2020, Apple, Google, Amazon, and the Zigbee Alliance collaborated on a new smart home standard named “Project Connected Home over IP”.
  • In February 2020, Cisco acquired Exablaze, an Australia-based designer and manufacturer of advanced network devices.

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Additional Valuable Insights:
In its latest report, FMI delivers an impartial assessment of the worldwide Smart Home Platforms market, offering historical data for the period 2017-2021 and projecting statistics for 2022-2032.

The analysis unveils crucial findings categorized by Type, including IoT Platform for Control and Connectivity Devices, IoT Platforms for Security and Surveillance Systems, and IoT Platform for Smart Appliances. Additionally, the study segments the data by Region, encompassing North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa.

Smart Home Platforms Market Segmentation:

By Type:

  • IoT Platform for Control & Connectivity Devices
  • IoT Platform for Security & Surveillance Systems
  • IoT Platform for Smart Appliances

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The 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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Labeling Software Market Surges Toward US$ 975.8 Million by 2032 with 5.8% CAGR

The global labeling software market has surged to prominence, amassing an impressive US$ 519.5 million in 2021. Anticipating a Year-on-Year (Y-o-Y) rise of 6.5%, it is set to be valued at US$ 553.8 million in 2022. Fuelled by steadfast backing from diverse governmental entities, the market’s trajectory is poised to ascend to a remarkable US$ 975.8 Million by 2032. This surge is projected to unfold at a steady 5.8% CAGR throughout the forecast period.

The labeling software arena is undergoing a profound transformation, spurred by the infusion of innovative technology. This infusion has led to the introduction of diverse and advanced labeling software solutions. Moreover, contemporary labels now come equipped with tracking and anti-counterfeiting attributes, adding a layer of convenience for product manufacturers in terms of shipment monitoring. These labels also offer tamper-proof features, ensuring seamless delivery to their intended recipients.

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Key Takeaways from the Labeling Software Market Report:

  • Based on deployment mode, the joint on-premises segment is expected to record a 5.5% CAGR by 2032
  • By Enterprise size, the large enterprises segment is to expand at a 5.3% growth rate during the forecast period
  • The U.S market to garner US$ 348.2 Million and record a 5.6% CAGR from 2022-2032
  • Market in China to procure US$ 72.4 Million, expanding at a 5.5% growth rate during the assessment period

Competitive Landscape:
Eminent players in the global Labeling Software Market include Blue Software Llc, Cybra Corporation, Data Systems International Inc. (Dsi), Endicia, and Euro Plus Ltd. among others. Recent key developments among players include:

  • In March 2020- CYBRA Corporation announced the addition of support for Epson Colorwork color inkjet printers. Ideal for high-mix label requirements, Epson ColorWorks printers deliver dependable, commercial inkjet printing with fast-drying, durable color inks while reducing the cost of using pre-printed labels.
  • In February 2022– Dun & Bradstreet Holdings, Inc. a leading global provider of business decisioning data and analytics, and Google Cloud, today announced a 10-year strategic agreement to leverage Google Cloud for infrastructure modernization and jointly innovate new industry-specific solutions and services to help businesses operate more efficiently.

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More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global Labeling Software Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Deployment Mode (On-Premises, Cloud) by Enterprise Size (SME, Large Enterprises) by End-user(FMCG, Retail, Healthcare, Warehousing and logistics, Others) and Region (North America, Latin America Europe, APAC, and Middle East & Africa).

Labeling Software Market Segmentation:

By Deployment Mode:

  • On-Premises Labeling Software
  • Cloud-based Labeling Software

By Enterprise Size:

  • Labeling Software for SMEs
  • Labeling Software for Large Enterprises

By End-user:

  • Labeling Software for FMCG
  • Labeling Software for Retail
  • Labeling Software for Healthcare
  • Labeling Software for Warehousing and Logistics
  • Labeling Software for Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • The 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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Enterprise Social Networks Market Surge with 13.9% CAGR, Eyeing US$ 26.5 Billion by 2032

The worldwide enterprise social networks market size added up to US$ 6.4 Billion in 2021. Deals in the enterprise social networks market are supposed to increment at a 13.9% CAGR, with the market valuation arriving at US$ 26.5 Billion by 2032.

The report expresses that the market is supposed to arrive at a valuation of US$ 7.2 Billion in 2022. According to FMI, the enterprise social networks market is seeing development inferable from the rising interest in smoothing out the correspondence across the hierarchical order to further develop efficiency and proficiency.

As per the enterprise social networks industry examination by Future Market Insights (FMI), the reception of enterprise social networks in the market is assessed to develop at a CAGR of 13.9% over the estimated period.

Enterprise social networks fill in as an all-entrance stage where workers can find every one of the significant reports, for example, preparing assets, project-related information, guides, industry news, and applicable examination papers.

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During the pandemic, there has been a huge rise in demand for enterprise social networking platforms. Growth can be attributed to the growing trend of remote working and the consequent need for streamlining communication across organizations, thereby driving the market.

With closer integration with business applications, enterprise social networks can help organizations transform the main collaboration and communication hub. They can help reduce the inbox clutter by replacing long and confusing email threads with private or public communication channels.

Enterprise social networking primarily emphasizes the use of online social networks or social relations among individuals who share business interests and activities. Companies like Yammer are offering advanced enterprise social networking platforms. As per Microsoft, 85% of Fortune 500 companies collaborate with Yammer. Yammer offers an interface similar to Facebook that makes it easy even for novice users to start posting images and messages.

Moreover, on an enterprise social network, communication is often less fixed, less conventional, and less formal, as compared to email. This way, information flows more naturally and reduces the hierarchical barriers.

Key Takeaways from the Enterprise Social Networks Market Report:

  • By type, the cloud/web-based enterprise social network platform segment is estimated to grow at a robust CAGR of 2% through 2032.
  • Among the enterprise size, the large enterprises segment is anticipated to expand at a CAGR of 5% between 2022 & 2032.
  • By industry, the IT & telecom segment is anticipated to grow at a CAGR of 8% between 2022 & 2032.
  • North America is dominating the enterprise social networks market followed by Europe region in 2022. South Asia & Pacific is estimated to grow at the fastest rate over the forecast period.
  • The market in the U.S. is expected to progress at a CAGR of around 8% through 2032.
  • In India, the enterprise social networks market is expected to grow at a CAGR of 6% during the forecast period.
  • The enterprise social networks market in China is estimated to witness an absolute opportunity of US$ 3.1 Billion over the forecast period.

More Valuable Insights on Enterprise Social Networks Market:
Future Market Insight’s report on the enterprise social networks industry research is segmented into five major sections – type (cloud/web-based enterprise social network platform, and on-premises enterprise social network platform), enterprise size (small and medium-sized enterprises, large enterprises), industry (education, travel & hospitality, media & entertainment, healthcare, IT & telecom, retail, government & non-profit, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the enterprise social networks demand outlook.

How is Adoption of Enterprise Social Networking Platforms Boosting the Market?
Increasing adoption of enterprise social network solutions is helping organizations reform communication across their workforce. Owing to this, the demand for streamlined communications across the organizational hierarchy is increasing. Hence, companies are adopting enterprise social network solutions and services for the management of enterprise communication workflows.

The rising need for enterprise internetworking among partners, employees, distributors, and suppliers across small and mid-size enterprises is expected to augment the growth in the market over the forecast period.

Leading Key Players:

  • IBM Corporation
  • Salesforce
  • TIBCO Software
  • Yammer (Microsoft)
  • Higher Logic
  • Alma Suite
  • Zyncro
  • eXO
  • Talkspirit
  • BlueKiwi
  • Zoho Corporation
  • JIVE Software
  • Boonex
  • Cisco

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Enterprise Social Networks Market Segmentation:

By Type:

  • Cloud/Web-based Enterprise Social Network Platform
  • On-Premises Enterprise Social Network Platform

By Enterprise Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Education
  • Travel & Hospitality
  • Media & Entertainment
  • Healthcare
  • IT & Telecom
  • Retail
  • Government & Non-Profit
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI):

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

Contact Us:        

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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Booming Wine Consumption among Millennials to Bode Well for Bag-in-Box Market, Sales to Reach US$ 6.1 Billion by 2033 | FMI

bag-in-box packaging
bag-in-box packaging

Sales of bag-in-box packaging are expected to witness a growth of 1.7 times between 2023 and 2033. Need to keep alcoholic beverages free from contamination can be attributed to growth. This type of packaging will be used by alcoholic beverage manufacturing companies.

In 2023, it is anticipated that the global bag-in-box market will be worth US$ 3.5 billion. It is expected to generate a US$ 6.1 billion by 2033. From 2023 to 2033, the global market is projected to expand at a CAGR of 5.7%.

In recent years, bag-in-box packaging for alcoholic beverages is gaining traction. It offers high convenience and cost-effectiveness. Shelf life, easy dispensing, storage, and handling are key factors attracting consumers. Manufacturers are also using bag-in-box in alcoholic beverage packaging.

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Manufacturers are experimenting with new packaging formats. They are using bag-in-box for beer and cocktails to differentiate their product offerings. Use of bag-in-box by restaurants and bars is increasing in North America and Europe.

Sales of bag-in-box globally are estimated to record a significant rise. Increased popularity across developing and underdeveloped economies would drive demand. India and China are expected to witness high growth. Presence of numerous beverage manufacturers would also push sales.

Key Takeaways from Bag-in-Box Market

    • By capacity, the less than 5 liters’ segment is anticipated to register a 7.0% CAGR between 2023 to 2033.
    • By end user, the beverage industry is set to hold around 66% of bag-in-box market share by 203
    • By material, the low-density polyethylene sub-segment will capture around 1/3rd of the global market in 2033.
    • Sales of bag-in-box are estimated to register a whopping 5.7% CAGR over the forecast period.
    • the USA bag-in-box market is set to surge 1.6 times between 2023 and 2033.

“Increasing consumption of alcoholic beverages would drive bag-in-box sales. Demand for sustainable packaging for wine would also augment sales,” says a lead analyst at Future Market Insights.

Bag-in-Box Manufacturers to Open New Production Facilities across the Globe

High per capita food expenditure is propelling demand in the market. Sales of hygienic and lightweight food packaging solutions would surge.

Bag-in-box manufacturers are focusing on commissioning new production facilities. They want to cater to rising demand across various industries.

Renowned bag-in-box manufacturers are focusing on expanding their international presence. They are setting up operational facilities or distribution centers over high-growth offering markets.

Rising production of bag-in-box to meet innovative packaging needs would aid demand. Chemical and petroleum industries are also adopting innovative bag-in-box packaging.

Rising Demand for Bag-in-Box Containers from the Wine Industry to Boost Sales

Wine producers are inclining towards the use of bag-in-box containers for wine packaging. They offer various advantages over glass bottles. They are easy to pack & distribute and are cost-efficient.

Oxygen transmission rate (OTR) is a prime factor in determining the quality of wine. Bag-in-box offers a low oxygen transmission rate over glass bottles. Hence, it is preferred by wine producers across the globe.

Wine manufacturing industry holds around half of the global bag-in-box container demand. Industry sentiments for wine are expected to be rather optimistic. Growth of the wine industry would translate into rising demand for bag-in-box containers.

In Italy, France, Spain, and the United Kingdom, bag-in-box wine packaging is very popular. Emerging countries are expected to follow their footprints.

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Competitive Landscape: Bag-in-box Market

Main suppliers of bag-in-boxes are concentrating on offering novel packaging formats. To draw customers, they use raw resources that are sustainable. Other businesses are forming strategic alliances with important sectors. They are trying to keep one step ahead of their rivals.

A Few Key Companies in Global Bag-in-box Market

    • Smurfit Kappa Group
    • Liqui-Box Corporation (DS Smith Plc.)
    • Amcor plc
    • Scholle IPN
    • CDF Corporation
    • TPS Rental Systems Ltd
    • Optopack Ltd.
    • Aran Group
    • TriMas Company (Rapak)
    • Montibox
    • STI – Gustav Stabernack GmbH

Key Segments

By Capacity:

    • Less than 5 liters
    • 5 to 10 liters
    • 10 to 15 liters
    • 15 to 20 liters
    • More than 20 liters

By End Use:

    • Food
      • Dairy Products
      • Sauces, Vinegar & Flavoring
      • Liquid Egg Products
    • Beverages
      • Alcoholic Beverages
      • Non-alcoholic Beverages
      • Water
    • Chemicals
    • Petroleum
    • Cosmetic & Personal Care

By Region:

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

Get More Insights into Bag-in-box Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the bag-in-box market, analysing historical demand from 2016 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the bag-in-box market based on capacity (less than 5 liters, 5 to 10 liters, 10 to 15 liters, 15 to 20 liters, more than 20 liters), material (paper & paperboard, plastic), and end use (food, beverages, chemical, petroleum, homecare, cosmetics & personal care) across seven regions.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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