Market Research Blog – Page 3052 – New Product Development

Global Spreads Market to reach US$ 53.2 Billion by 2033 at a CAGR of 5.9% in the forecast period 2023 to 2033

The global spreads market is worth US$ 29.9 Billion as of now and expected to reach US$ 53.2 Billion by the year 2033 at a CAGR of 5.9% between 2023 and 2033.

With growing demand for condiments and sauces made from natural ingredients coupled with spike in production of preserves, gourmet jams, and artisan bakery products, the global spreads market is estimated to grow irrevocably in the forecast period.

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Gone are the days when spreads were merely looked upon as breakfast option to be had with bread. These days, they are used during office lunches, dining events, and leisure snacking times. This is evident from the fact that peanut butter could be used as cake filling along with cold dishes for dinner or lunch. Chocolate-based food spreads could be used in puddings and smoothies, and savory spreads could be used in pasta and pizza. It is a known fact that honey could be used as a tonic mixed with warm water all through the day.

Food & beverages market is getting influenced by flavor inspiration as consumers go ahead with exploration of luscious cuisines. Spreads’ ingredients do impart aroma, texture, and taste. They are turning out to be amongst the most preferred go-to convenience food option.

Nut-based spreads are seen to be a healthier alternative to the traditional spreads as they are rich in protein and provide instant energy.

At the same time, higher cost of materials used to make spreads is expected to restrain the spreads market going forward.

Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Spreads Market’. It has its determined team of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With independent living making the rounds all over, the global spreads market is likely to grow on an invigorating note in the near future”, says an analyst from Future Market Insights.

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Key Takeaways from Spreads Market

North America holds the largest market share with the US being subject to rising online penetration of spreads. Plus, it has been observed that country-specific brands are more into the picture offering analogous products, that too, at an all the more competitive rate.
Europe holds the second-largest market share with the UK dominating it. This could be attributed to growing interest in household baking. It has been observed that 20% of British consumers make use of spreads in several baking operations (apart from breakfast). France is also observing an increase in demand for premium spreads owing to rising wellness-conscious population.
The Asia-Pacific is expected to grow at the quickest rate in the spreads market in the forecast period with countries like India witnessing an increased spending participation on premium products like spreads. South Korea is expected to grow on behalf of single-person households making a beeline (single-person households prefer something on the go; which calls for increasing usage of spreads).

Competitive Spreads

VEGO Good Food GmbH has its Vego Chocolate spread in the market of the UK for addressing the rising demand for vegan, dairy-free products. The company offers chocolate spread, which is made using sunflower oil, raw cane sugar, cocoa powder, extracted vanilla, and lecithins (sunflower) shea butter.
JM Smucker has come up with fruit and honey spread with various natural ingredients for expanding product range.
Conagra Brands, Inc., in September 2019, put forth plant-based oils spreads under brand ‘Earth Balance’. These pressed oils are non-GMO, lactose-free, and vegan.
Lindt chocolate has its Hazelnut cream spreads to compete with Nutella hazelnut spreads.

What does the Report spread?

The research study is based on product type (jam & preserve spreads, nut based spreads (peanut butter, almond spreads, cashew spreads, walnut spreads, and macadamia spreads), chocolate spreads, savory spreads, and honey-based spreads), end-use (retail/household and commercial), nature (conventional and organic), and distribution channel (B2C (store-based retailing and online retailing) and B2B).
With end-consumers preferring healthy and natural spreads on artisan bakery products, the global spreads market is expected to witness grandeur in the forecast period.

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Spreads Market By Category

By Product Type:

Jam & Preserve Spreads
Nut Based Spreads
- Peanut Butter
- Almond Spreads
- Cashew Spreads
- Walnut Spreads
- Macadamia Spreads
Chocolate Spreads
Savory Spreads
Honey Based Spreads

By End-use:

Household/Retail
Commercial

By Nature:

Organic
Conventional

By Distribution Channel:

B2B
B2C
- Store-Based Retailing
- Online Retailing

By Region:

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

About Future Market Insights (FMI)

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

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Grass Fed Beef Market Predicted to Surpass US$ 20.4 Billion by 2033, to secure a CAGR of 5%

The grass fed beef market is anticipated to secure a valuation of US$ 12.4 billion in 2023 and is predicted to reach US$ 20.4 billion by 2033. The market is estimated to register a CAGR of 5% during the forecast period.

Which are the Key Factors Influencing the Global Market?

Health and Nutrition: The increasing demand for healthy alternatives influences the global market. Grass fed beef is rich in omega-3 acids, antioxidants, and lower fat content with rich nutrition.
Sustainability and Animal Welfare:Consumers are concerned about environmental impacts and animal welfare, increasing the demand for grass fed beef. Consumers are regulating strict rules toward animal cruelty and choosing eco-friendly options.
Taste and Quality:Various end users prefer grass-fed beef to conventional beef due to its flavor, taste, and texture. The food sector provides natural flavor, natural taste, and high-quality products to meet consumers’ requirements.
Labeling and Marketing: Food manufacturers are concerned about the marketing and labeling of products. These labels assure them to sell their products to increase revenue. These manufacturers enhance transparency related to their products to their consumers to build trust among them.
Local and Organic Movements:Consumers are growing their interest in organic and local food. Further, they visit local farmers to learn about sustainable agriculture practices and produce eco-friendly products.

These are a few factors flourishing the global market during the forecast period.

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Key Takeaways:

The grass fed beef market is estimated to register a CAGR of 5% with a valuation of US$ 20.4 billion by 2033.
The United States is anticipated to secure a maximum share of 29.5% during the forecast period.
Germany is capturing a significant share of 14.5% of the global market by 2033.
In the historical period, the market registered a valuation of US$ 11.9 billion in 2022 with a CAGR of 2.9%.
The food service sector is leading the global market by capturing a maximum share by 2033.
With a share of 0.9%, Australia is significantly driving the global market by 2033.

How Key Players are Adding Values in the Global Market?

Key players innovate advanced products by investing significantly in research and development activities. These players play a vital role in expanding the global market through several marketing methodologies. These marketing methodologies are mergers, acquisitions, partnerships, product launches, and collaborations.

Key players focus on developing high-quality, sustainable products to reduce carbon emissions and attract consumers’ requirements. They are distributing their products on e-commerce websites, retail shops, and social media platforms to increase their sales volume.

Recent Developments in the Global Market

Clearview Valley Farm is specialized in grass-finished and grass-fed beef. The company offers consumers sustainable and organic farming products to expand their business portfolio.
Strauss Brands produces various beef products such as roasts, ground beef, and steaks to expand its portfolio and enhance the business. They are direct sales and deliver their products from the farm to the consumer’s doorsteps

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Grass Fed Beef Market by Category

By Form:

Raw Meat
Processed Meat
Fresh Processed
- Cured
- Smoked
- Restructured
- Slices
- Chop meat
- Steak cuts
- Cuts
- Patties
- Sausages
- Nuggets
- Meatloaf
Dried
Others (Fermented, Pickled, etc.)

By Format:

Chilled
Frozen
Shelf Stable

By End Use:

Food Processing Industry
Foodservice (Hotels, Restaurants, Cafés
- Sauces, Dressings, and Glazes
- Snacks
- Baked Products
- Ready Meals
- Processed Meat Products &Marinades
- Seasoning
- Instant Noodle/Pasta
- Soups, Stocks, and Bouillon
- Others (Pie Gravies, etc.)
Institutional
Household (Retail)

By Distribution Channel:

Direct Sales/B2B
Indirect Sales/B2C
Hypermarkets/ Supermarkets
- Specialty Meat Outlets
- Groceries/Mass Retailers
- Wholesale Club Stores
- Butcher Shops
- Ranch
Online Retailing

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

About Future Market Insights (FMI)

Contact FMI:

FMI Projects Global Kebab Machine Market Expected to Surge Past US$ 676.7 Million Valuation by 2033, Growing with an Impressive 9.3% CAGR

The global kebab machine market is poised for remarkable growth, commencing at a valuation of US$ 278.1 million in 2023. Projections suggest a sustained and impressive Compound Annual Growth Rate (CAGR) of 9.3% throughout the forecast period, driving the market’s value to an impressive US$ 676.7 million by 2033.

A significant catalyst behind this substantial growth is the increasing preference for outdoor cooking, particularly observed during weekends and holidays, predominantly among the younger demographic. This trend significantly amplifies the demand for kebab machines, positioning them as indispensable tools for culinary enthusiasts seeking the pleasure of al fresco grilling. The captivating aroma of sizzling kebabs has captured the hearts of many, with the kebab machine prominently assuming a central role in this culinary evolution.

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Strategic Foresight Shapes Kebab Machine Manufacturers’ Approach:

In a landscape characterized by culinary innovation, kebab machine manufacturers are orchestrating customer-centric strategies. Their approach hinges on rapid solutions delivery, fostering team expectations, and a steadfast commitment to consumers’ requisites throughout the forecast period. The latest incarnations in the kebab machine realm exemplify this strategy, featuring pro-manual models and the UE3 automatic kebab machine. These cutting-edge offerings align adeptly with consumer demands, poised to inject vigor into the kebab machine market’s growth trajectory. Beyond culinary excellence, these machines stand as sentinels of freshness and hygiene, adeptly preserving meals sans perilous chemical interplays.

Unveiling Advanced Features:

Integral to this market’s surge is the infusion of advanced technology attributes within the machine’s architecture. From meticulous temperature controls to an emergency override, these features herald a new era of culinary precision, amplifying the kebab machine market’s dimensions across the forecast period.

European Ascendance:

Europe emerges as the vanguard of this dynamic market, anticipated to assert a commanding global share throughout the forecast period. Manufacturers in the region are harnessing their acumen to engineer kebab machines catering to both home and commercial domains. This strategic stride is poised to propel the European kebab machine market to new heights in the coming years.

Key Insights from Kebab Machine Market:

The U.S. kebab machine market is poised to secure a substantial 3% share during the forecast period.
The market’s historical Compound Annual Growth Rate (CAGR) held at 3% between 2018 and 2021.
The global kebab machine market is forecasted to capture a CAGR of 9.3% during the projection period, culminating in a valuation of US$ 676.7 Million by 2033.

Competitive Landscape of the Kebab Machine Market: Pioneering Innovations and Strategic Synergies

Amidst the forecast period, the kebab machine market paints a tapestry of fragmentation, punctuated by the presence of pivotal market players. These industry frontrunners meticulously tailor their product offerings to align with consumers’ evolving requisites. Elevating this landscape are their adept integration of innovative technologies within kebab machines, ushering in a new era of culinary excellence. These market influencers wield a spectrum of marketing tactics to amplify kebab machine sales, ranging from strategic partnerships and mergers to acquisitions, agreements, and collaborative ventures.

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Key Players:

Kebapchef
Lavna
Lazada
Wellberg
GastroProdukt

Recent Industry Advancements:

In this dynamic milieu, recent developments echo the industry’s innovation-driven spirit. An array of cutting-edge kebab machines stands as testament to this ethos. These technological marvels orchestrate multifaceted operations, encompassing seafood and meat cutting and washing, alongside kebab crafting and packaging processes. A symphony of Stainless Steel Electric Shawarma Machines and Rotary Gas Doner Kebab Making Machines graces this landscape, poised to revolutionize the food industry’s operational landscape. These advancements resonate deeply with customer expectations, harnessing the power of technology to shape the culinary domain.

Kebab Machine Market by Category:

By Fuel Type:

Electric
Gas

By Operation:

Manual
Automatic

By Application:

Commercial
Household

By Sales Channel:

Offline
Online

By Region:

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

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Analysis Predicts Global Kitchen Hood System Market to Reach US$ 18.45 Billion Valuation by 2033, Driven by a Steady 3.9% CAGR

The global kitchen hood system market is advancing steadily, poised for a projected Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. With its current valuation standing at US$ 12.58 billion as of 2023, industry analysts project a notable upsurge, envisioning kitchen hood systems to yield an impressive revenue of US$ 18.45 billion by 2033. Analyzing historical data, the market witnessed a modest CAGR of 1.5% in the base year, resulting in a valuation of US$ 12.13 billion.

The escalating global demand for household kitchen appliances, driven by technological advancements, is reshaping culinary environments. The uptake of state-of-the-art kitchen devices, particularly kitchen exhaust hoods, is significantly influenced by the rapid pace of consumer lifestyles. Manufacturers within the kitchen hood systems sector are actively employing competitive strategies to capture market share, with a specific emphasis on leveraging social media platforms. Promotional activities, campaigns, commercials, and incentivized deals have emerged as potent mechanisms in expanding the customer base, reflecting the industry’s dedication to innovation and adapting to evolving consumer preferences.

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The primary factor that is driving the sales of kitchen hood system is manufacturers using multiple layers, sound absorbing base, and filtration system motors to reduce noise. Moreover, they are also concentrating on developing innovative devices owing to consumer preference for smart features such as installation of temperature, wireless connectivity, noise reduction, infrared sensors, and optic in the products.

One significant factor that promotes the market growth is the stringent regulations implemented by various regional governments regarding the hygiene and cleanliness in food chains and restaurants, which has mandated the installation and adoption of kitchen hood system. Certain key players claim to manufacture kitchen hood systems of the highest quality.

Furthermore, they are expected to allow easy cleaning of stains that are traced due to the kitchen works, highly durable, and sold at the best price in the market. Fresh air produced from these systems, that are equipped with Fresh Air Systems, releases pleasant air at all times and it allows the staff to work in the best condition.

Key Takeaways:

Germany is anticipated to achieve a remunerative CAGR of 21.6%, during the time covered by the projections. This is attributed to the presence of key market players and manufacturers who claim to provide a range of kitchen hood systems of the highest quality, with very affordable prices, whilst being mindful of the impact of their use and manufacture has upon the environment.
In 2023, the U.S. maintained its position as the market leader, with a revenue share that was greater than 21.6%. The primary elements that are contributing to the expansion of the market in this region are, the prosperous food and hospitality sector, the fast-growing foodservice industry, rapid urbanization and the increasing number of food outlets are largely responsible for the expansion of the country. Moreover, the growing desire to keep households and commercial kitchens fresh, and moisture and pollution free is further expected to contribute to the increasing demand for kitchen hood system.
Owing to the efficiency and compact structure, the “chimney/wall mounted” product type holds the highest revenue share in 2023, accounting for more than 39.4% of total revenue. The hood system can be installed on the ceiling or mounted on the wall which leaves a lot of room or space for other furniture or appliances.
The “extraction” technology type accounted for more than 58.2% of the total income generated in 2023. Apart from capturing the same efficiency as hoods, the extraction technology also reduces airflow and minimizes the impact of cross drafts.

Key Players:

Bosch
SNDOAS
Proline
Rani Trunk House
Faber
Miele
BSH Home Appliance Group
Siemens
Inflame Appliances Ltd
Eico A/S
Westin
Candy Hoover Group S.r.l
Falmec Kitchen Appliance Limited
Hafele Appliances

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Market Segmentation Analysis:

By Product Type:

Chimney/Wall Mounted
Integrated Kitchen Hoods
Downdraft Kitchen Hoods

By Technology:

Extraction Technology
Filterless Technology

By Application:

Residential
Commercial

By Sales Channel:

Multi-branded Stores
Exclusive Stores
Online Stores
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East and Africa

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Global Electric Pizza Oven Market Surging Towards Valuation of US$ 455.1 Million by 2033, Driven by an Average CAGR of 6.7%

The electric pizza oven market is positioned for significant expansion, with projections indicating a valuation of US$ 237.9 million in 2023, surging to US$ 455.1 million by 2033. This growth is supported by an impressive Compound Annual Growth Rate (CAGR) of 6.7%. Robust historical data further underscores the market’s resilience, with a commendable CAGR of 5.8% in the preceding period, reflecting a value of US$ 222.6 million.

The increasing preference for electric pizza ovens can be attributed to their manifold advantages, extending beyond convenience and rapid cooking times. These attributes serve as pivotal drivers, fueling the market’s accelerating momentum. A key factor contributing to this surge is the rising prevalence of pizza outlets, particularly among the millennial demographic. This emerging consumer group dedicates a substantial portion of their disposable income to unique dining experiences, a trend propelled by urbanization and heightened consumer purchasing power.

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The additional advantages of electric pizza ovens that drive the market include:

Integral to Various Food Establishments: Electric pizza ovens play a pivotal role in a wide range of commercial food establishments such as restaurants, fast food chains, motels, cafés, coffee shops, catering businesses, resorts, pizza outlets, inns, and more.
Consistent Flavour Profile: Electric pizza ovens ensure that each pizza maintains a uniform and consistent flavor, contributing to customer satisfaction.
Energy Efficiency: These ovens consume less energy compared to wood-burning alternatives. By baking with the door closed for most of the cooking process, heat loss is minimized.
Automated Temperature Control: An outstanding advantage of electric ovens is their automated temperature regulation, relieving operators of constant monitoring as it manages itself effectively.
Precision Temperature Control: Modern electric pizza ovens offer the capability to independently control the temperatures of the vault (top) and floor (bottom), allowing for precise adjustments to achieve the desired balance of heat and humidity.

Competition Scenario:

Future Market Insights’ statistical examination of the related sector exposes the adept marketing strategies employed by key electric pizza oven manufacturers. These suppliers are strategically adopting a blend of organic and inorganic expansion strategies to participate actively in the competitive electric pizza oven market. Sizeable investments in research and development are being channeled by manufacturers to propel technological advancements in pizza-making equipment, thereby enhancing the culinary experience for consumers and amplifying their foothold in the market.

Recent Developments:

In January of 2019, Nemco Food Equipment, renowned for its four decades of pioneering manual countertop food-prep tools, introduced a line of electric food processing machines. These machines offer operators a high-capacity option to uphold the freshness of their food amidst mounting labor concerns.

Moving to August 2021, Garland enhanced its reliable and industry-leading Cuisine Series® heavy-duty oven and burner system with additional time-saving features. Built on a 36″ chassis, the Cuisine Series has always combined durability and thoughtful design to cater to the demands of high-performance kitchens. Recently, Garland expanded the lineup with several new features, promising even quicker results and enhanced usability.

Jumping to April 2022, Avantco unveiled the Chef Series CAG-36-RC 36″ Countertop Radiant Oven, boasting a powerful 90,000 BTU. This oven proves its mettle when it comes to cooking burgers, prawns, or vegetable skewers, thanks to its individual burner temperature controls. Utilizing radiants to direct heat onto the cooking surface, this oven ensures swift recovery and efficient heat retention.

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Key Players:

Bakers Pride
Benchmark USA
Blodgett
Turbochef
Vollrath
Waring
Akasa International
Omcan Inc.
APW Wyott
Doyon

Market Segmentation:

By Type:

Conveyor
Deck Ovens
Rapid Cook Ovens

By Automation Type:

Automatic
Semi-automatic

By Load:

1600W
2400W
4500W
Others

By Maximum Temperature:

350°F
400°F
600°F
800°F
1000°F
Others

By Application:

Residential
Commercial

By Sales Channel:

Wholesalers/Distributors
Direct Sales
Online Retailers
Specialty Stores
Others

By Region:

North America
Latin America
Europe
South Asia Pacific
East Asia
Middle East and Africa

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Author:

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Commercial Sink Market Forecasted to Drive Past US$ 1,409.2 Million Revenue by 2033, Driven by an Average CAGR of 6.3%

The commercial sink market is poised for significant growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 6.3% projected over the decade from 2023 to 2033. Beginning its journey with a valuation of US$ 810.4 million in 2023, this dynamic market anticipates achieving a substantial milestone, reaching a valuation of US$ 1,409.2 million by the conclusion of 2033.

The driving force behind this considerable expansion lies in the escalating demand for stainless steel commercial sinks, particularly within the vibrant restaurant and food service industry. Renowned for their resilience, these sinks play a pivotal role in optimizing the dishwashing process, ensuring durability, and impeccable hygiene. As restaurants and food establishments increasingly prioritize operational efficiency, advanced commercial sinks emerge as indispensable fixtures in their kitchens, reflecting a trend towards innovation and modernization within the industry.

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Significant Use of Commercial Kitchen Sinks in Thriving Meat Industry for Meat Washing:

The choice of utilizing commercial kitchen sinks varies depending on whether they are intended for household or commercial purposes, as well as considerations related to space and budget constraints. The location of plumbing connections for taps and drainage also plays a pivotal role in decision-making.

The incorporation of sinks not only enhances the overall appearance of the kitchen but also aligns with the growing trend of IoT-enabled kitchen appliances. These appliances facilitate the direct transfer of dishes to the sink, acting as a bridge between smart sinks and other kitchen equipment.

Major Drivers for the Commercial Sink Market:

Wide Range of Applications: Commercial sinks find applications in various settings such as bars, cafes, restaurants, and hotels, driving their demand.
Catering to Social Gatherings: Events like parties, concerts, and movie shows require sinks for serving diverse drinks to attendees.
Customization for Medium-Scale Enterprises: Small-scale suppliers collaborate with medium-sized enterprises to customize sinks according to specific requirements.
Integration of Kitchen Equipment: Integrated sinks with fryers and other kitchen appliances enhance chef efficiency.
Advanced Lighting and Compartment Systems: Restaurants are adopting sinks with modern lighting and utensil-specific compartments, embracing technological advancements.

Major Restraints for the Commercial Sink Market:

High Initial Costs: Upfront expenses for purchasing and installing commercial sinks can be significant, limiting adoption for some businesses.
Maintenance and Cleaning: Commercial sinks require regular maintenance and cleaning, which can incur additional costs and efforts for businesses.
Space Constraints: Limited kitchen space in some establishments may hinder the installation of larger or multiple commercial sinks.
Technological Complexity: Adoption of sinks with advanced features may require staff training and adjustment to new processes.

Key Players:

Ruvati USA
Kohler Co.
Zuhne
Frigidaire
Swanstone
Acrysil Limited
AGA
Duravit AG
Dornbracht
Roca

Market Dynamics: Competitive Landscape The competitive landscape of the market comprises both global and local participants. Key industry players are strategically focused on innovation and introducing new products through retail channels to bolster their portfolios and strengthen their market positioning.

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Recent Market Developments:

In August 2021, Acrysil responded to escalating demand by announcing plans to expand its manufacturing capacity in Gujarat, India. The initiative aims to add 160,000 quartz sinks annually through a new facility.
Ruvati USA emphasizes design and sustainability by utilizing various materials for their kitchen sinks, including stainless steel, granite, and fireclay.
Swanstone Sink Co. has introduced an extensive range of single and double bowl configurations in drop-in and undermount styles. These offerings contribute to the growing sales of commercial sinks in the global market.

Author:

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

FMI Study Reveals Global Conveyor Dryer Market Set to Cross US$ 1,350.7 Million Valuation in 2034, Expanding at a Steady CAGR of 3.1%

The conveyor dryer market is on the cusp of a significant valuation surge, with projections pointing towards an impressive US$ 966.9 million by 2024. Growing interest and a deepening understanding of the conveyor dryer’s capabilities drive this remarkable ascent. The market is poised to unlock new avenues, exhibiting a CAGR of 3.1% from 2024 to 2034. As the journey continues, the market is anticipated to achieve an estimated total valuation of approximately US$ 1,350.7 million by 2034.

The conveyor dryer market is experiencing a notable surge, fueled by technological advancements and increasing applications across various industries. This market, characterized by integrating artificial intelligence (AI) technologies, is poised for substantial growth. AI-driven innovations in conveyor dryers are transforming traditional processes, enhancing efficiency, and optimizing performance across manufacturing and processing sectors.

One of the key factors driving the market’s growth is the rising demand for automation and smart solutions in industrial processes. Conveyor dryers equipped with AI algorithms enable real-time monitoring and control, ensuring precise temperature and moisture regulation during drying. This improves product quality and contributes to energy efficiency, reducing operational costs for businesses.

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The versatility of conveyor dryers is another driving force behind the market’s expansion. These systems have extensive applications in food processing, textiles, and pharmaceuticals. With AI integration, conveyor dryers can adapt to varying production needs, making them indispensable for industries with diverse product lines. The ability to handle different materials and adjust drying parameters on the fly enhances manufacturing processes overall flexibility and responsiveness.

AI-driven conveyor dryers contribute to sustainability goals by optimizing resource utilization. The intelligent algorithms can analyze and predict optimal drying conditions, minimizing energy consumption and waste generation. This aligns with the global push for eco-friendly and resource-efficient industrial practices.

As the conveyor dryer market continues to evolve, manufacturers are focusing on developing user-friendly interfaces and seamless integration with existing production systems. This ensures businesses can easily adopt and leverage AI-powered conveyor dryers without significant disruptions.

Key Takeaways from the Market Study

The market valuation in 2019 was US$ 819.4 million.
Based on product type, roller conveyors are expected to dominate at a market share of 33% in 2024.
The United States is estimated to register at a CAGR of 2.7% by 2034.
Australia experiences significant growth, projected at a CAGR of 2.8% by 2034.

“Integrating AI in conveyor dryers contributes to energy efficiency and resource optimization is expected to drive industry growth in the conveyor dryer market,” opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape

The market demonstrates a propensity for mergers and acquisitions as a strategic growth and expansion avenue. Companies engage in strategic mergers and acquisitions to acquire new technologies, expand their product portfolios, and strengthen their market presence. This consolidation strategy enables them to leverage synergies and create a more robust customer offering.

Key Players in the Conveyor Dryer Market

BBC Industries
Ryonet
ROQ International
Anatol
Adelco
Ranar
Vastex
MHM Company
Brown Manufacturing
Buhler

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Key Segments of Conveyor Dryer Market Survey

By Type:

Roller Conveyor Dryers
Conveyor Belt Dryers
Infrared Conveyor Dryer
UV Conveyor Dryer
Radio Frequency Conveyor Dryer

By Application:

Paper and Pulp
Textile and Fashion
Printing
Food Processing
Pharmaceuticals
Electronics
Other Applications

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Glass Handling Robot Market Surges Toward US$ 1,270.9 Million Milestone by 2034, Anticipating a Steady 4.8% CAGR | Future Market Insights, Inc.

The global glass handling robot market is anticipated to reach a valuation of US$ 826.2 million in 2024, driven by customized solutions for small and medium enterprises. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.8% between 2024 and 2034, and reaching a total valuation of approximately US$ 1,270.9 million by 2034.

One of the major factors contributing to the growth of the market is expansion of the solar energy industry, which is expected to lead to increased demand for glass handling robots in the production of solar panels and related components, with the growing emphasis on renewable energy.

Continued emphasis on human robot collaboration and safety standards can drive the development of glass handling robots designed to work seamlessly with human operators in shared workspaces. Changes in the types of glass used in manufacturing, as well as advancements in glass production techniques, are anticipated to necessitate robots that can adapt to handle new materials and manufacturing processes.

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Government initiatives supporting the adoption of automation and robotics, along with financial incentives and subsidies for companies investing in advanced technologies, are expected to positively impact the growth of the glass handling robot market.

The integration of remote monitoring and predictive maintenance features in glass handling robots can enhance their reliability and reduce downtime, offering additional value to end users. The use of glass in electronic devices, such as smartphones, tablets, and displays, is on the rise. Glass handling robots may find applications in the manufacturing and assembly processes of these electronic devices.

The growing focus on green building standards may lead to increased use of energy efficient glass materials. Glass handling robots can contribute to the efficient handling and installation of these materials. Integration of glass handling robots with IoT technologies can enable real time monitoring, data analytics, and predictive maintenance, enhancing overall operational efficiency and reducing downtime.

Advancements in 3D printing technology for glass manufacturing can create opportunities for specialized glass handling robots capable of working with 3D printed glass components. The trend towards customized and personalized products, including glass products, is anticipated to propel the need for flexible and adaptable glass handling solutions to meet varying design specifications.

Key Takeaways from the Market Study:

Global glass handling robot market was valued at US$ 789.6 million by 2023-end.
From 2019 to 2023, the market demand expanded at a CAGR of 4.4%.
The market in India is expected to expand at a CAGR of 5.5% through 2034.
By product type, the articulated robot segment to account for a share of 28.0% in 2024.
From 2024 to 2034, glass handling robot market is expected to flourish at a CAGR of 4.8%.
By 2034, the market value of glass handling robot is expected to reach US$ 1,270.9 million.

“The adoption of the Robot as a Service model is expected to make glass handling robots more accessible to a wider range of businesses, particularly smaller enterprises that may prefer a subscription based model over upfront capital expenditures,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the glass handling robot market are –

ABB
Yaskawa Electric Corporation
Midea Group (Kuka)
Fanuc Corporation
Kawasaki Heavy Industries
Epson Robots
Stäubli
Nachi Fujikoshi Corporation
Comau
Omron Adept Technology Inc.

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Recent Developments:

In 2021, FANUC America, a prominent provider of CNCs, robotics, and ROBOMACHINEs, unveiled the LR Mate 200iD/14L, marking the tenth model iteration within the widely acclaimed LR Mate series of tabletop industrial robots. Introduced nearly 30 years ago, the LR Mate series has emerged as one of the top selling products of FANUC, with an impressive installation base exceeding 70,000 units globally.
In 2020, Yaskawa Motoman introduced the HC20XP collaborative robot, featuring a substantial 20 kg payload capacity and a maximum reach of 1,700 mm. Tailored for diverse applications such as material handling, machine tending, and assembly tasks, the HC20XP is designed to offer versatility and efficiency. The HC20XP, as an IP67 rated cobot, is well equipped to operate continuously in environments prone to dampness or splashes

Glass Handling Robot Market Segmentation Analysis:

By Product Type:

Articulated Robots
Gantry Robots
Delta Robots
SCARA Robots
Other Types

By End Use:

Automotive
Electronics
Other End Use

By Region:

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

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Author:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Automatic Checkweigher Market Forecasted to Drive Past US$ 355 Million Revenue by 2033, Driven by a Steady 3.0% CAGR

The automatic checkweigher market demonstrated robust momentum, achieving a valuation of US$ 263.6 million in 2023, signalling a promising trajectory of expansion. This growth is projected to continue with a Compound Annual Growth Rate (CAGR) of 3.0% from 2023 to 2033, resulting in a noteworthy valuation of US$ 355.0 million by 2033.

Such progression not only underscores the industry’s unwavering dedication to precision and operational excellence but also highlights its pivotal role in driving quality assurance initiatives forward. The automatic checkweigher market serves as a cornerstone for industries striving to meet and surpass rigorous quality standards. With a steadfast emphasis on precision, this market’s trajectory holds significant promise for impacting diverse sectors, spanning from manufacturing to logistics.

At the heart of this market’s surge lies the escalating demand for meticulous testing and inspection of packaged goods. As enterprises prioritize quality control and operational efficacy, they increasingly seek advanced solutions to streamline processes and uphold their reputation for excellence. Automatic checkweigher systems have emerged as indispensable instruments in this endeavor, elevating operational benchmarks across various industries.

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In recent years, the automatic checkweigher market has witnessed a significant transformation with the surging trend of vision-based systems equipped with AI and IoT integration.

These cutting-edge checkweighers have revolutionized quality assurance and productivity in various industries. By incorporating advanced vision technology, they can precisely and rapidly inspect products for accurate weight measurements, completeness, and package integrity.

Integrating Artificial Intelligence (AI) and the Internet of Things (IoT) enables real-time data analysis, predictive maintenance, and smart decision-making, resulting in optimized production processes and improved operational efficiency.

This trend is reshaping the automatic checkweigher landscape, providing industries with powerful tools to enhance quality control, comply with stringent regulations, and stay competitive in today’s dynamic market.

The versatility of automatic checkweighers has led to their adoption in a wide range of industries beyond traditional manufacturing and packaging. Logistics and e-commerce sectors have increasingly incorporated these systems to ensure accurate shipping and order fulfillment.

The ability to weigh and validate products with variable weight, fixed weight batches, and labeling functionalities have made automatic checkweighers indispensable in these industries’ supply chain operations.

Manufacturers in the automatic checkweigher market continuously invest in research and development to improve the design and functionality of their products. Newer models feature user-friendly interfaces, streamlined integration capabilities, and enhanced data management systems.

Key Takeaways from the Automatic Checkweigher Market Report:

By 2033, the United States will likely hold a revenue share of US$ 102.8 million in the automatic checkweigher industry.
The market in the United Kingdom accounts for a revenue share of US$ 16.5 million by the end of the forecast period.
From 2023 to 2033, the strain gauge sub-segment moves ahead at a rapid pace of 2.9%.
The market value for automatic checkweigher reached US$ 255.0 million in 2022, with a CAGR of 3.6% from 2018 to 2022.
Based on the industry, the pharmaceuticals sub-segment is predicted to achieve a growth rate of 2.8% over the forecast period.

Competition Structured in the Automatic Checkweigher Industry:

The competition in the automatic checkweigher industry is intense and structured around several key factors.

Market players vie for market share by focusing on technological advancements, product innovation, and integrating advanced features like AI and IoT.

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Top Companies in Automatic Checkweigher Market:

METTLER TOLEDO
Ishida Co., Ltd.
Anritsu Corporation
Bizerba
Yamato Scale

Automatic Checkweigher Market Segmentation:

By Type:

Standalone Systems
Combination Systems

By Technology:

Strain Gauge
EMFR

By Industry:

Food & Beverages
Pharmaceuticals
Consumer Products
Cosmetics and Personal Care
Others

By Region:

North America
Europe
Asia Pacific
The Middle East and Africa
Latin America

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Author:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

FMI Study Projects Global Automated Container Terminal Market Predicted to Reach US$ 20.3 Billion Valuation by 2033, Driven by a Decent 7.3% CAGR

The global automated container terminal market has achieved a commendable valuation of US$ 10 billion in 2023, signaling a promising trajectory for future expansion. With a robust Compound Annual Growth Rate (CAGR) of 7.3% projected from 2023 to 2033, the market is poised to sustain its upward momentum, ultimately reaching an impressive valuation of US$ 20.3 billion by 2033.

This notable surge not only underscores the industry’s resilience but also reflects a positive outlook for the global trade and logistics sector. A significant driver behind this growth is the increasing demand for larger container ships, propelled by the continuous expansion of international trade. Consequently, the maritime industry is embracing larger vessels capable of accommodating greater cargo volumes. Within this context, automated container terminals emerge as pivotal assets, adeptly managing these substantial ships and significantly enhancing the industry’s evolution and operational efficiency.

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The surging growth of the automated container terminal market is primarily fueled by the increasing requirement for enhanced efficiency and time-saving measures, driven by the escalating demand for larger container ships. This demand, in turn, is compelling the widespread adoption of automated container terminals. Emerging economies with a focus on elevating their technology infrastructure are readily embracing this advancement.

Fierce competition within the industry is catalyzing a continuous stream of innovations in the manufacturing of automated terminals. This dynamic environment is creating a spectrum of valuable opportunities for the expansion of the market. Furthermore, substantial investments directed towards research and development are anticipated to play a pivotal role in shaping the trends within the automated container terminal market.

Prominent Trends Fueling Growth in the Automated Container Terminal Sector:

The burgeoning demand for automated container terminals is underpinned by noteworthy trends, including technological strides and enhanced customer service. These terminals stand out as cost-effective alternatives to traditional counterparts due to their continuous operation capabilities with minimal human intervention.

Revolutionary technologies like cameras, sensors, and artificial intelligence are harnessed in automated container terminals, resulting in reduced chances of accidents and human errors. This integration of cutting-edge solutions ensures secure and reliable operations, with a significant portion of container handling procedures being executed automatically.

The surge in global trade acts as a pivotal catalyst driving the upswing in automated container terminal demand. These terminals boast substantial container handling capacities and commendable throughput rates, making them exceptionally attractive for efficiently managing the expanding volume of international trade.

The eco-conscious design and optimized processes of automated container terminals align with sustainability goals, curbing energy usage and greenhouse gas emissions. As businesses emphasize environmentally-friendly practices, the call for automated terminals is poised to escalate.

Numerous regions grapple with labor shortages within the logistics and shipping sector. Automated container terminals offer a viable solution by reducing reliance on manual labor, optimizing workforce productivity, and mitigating the repercussions of labor fluctuations.

An integral part of intelligent supply chain ecosystems, automated container terminals seamlessly integrate with other automated processes and technologies, such as autonomous trucks, drones, and smart warehousing. This synergy fosters a streamlined and efficient flow of goods, further propelling the demand for automated terminals.

Competition Landscape in the Automated Container Terminal Industry:

The realm of automated container terminals is marked by a robust competitive landscape, where numerous contenders strive to carve out their market share. This vibrant sector attracts leading global terminal operators, technology providers, and logistics firms, all engaged in active participation. The focal point of this competition revolves around advancements in technology, efficiency enhancements, and the cost-effectiveness of solutions.

Prominent industry players consistently channel investments into research and development, aiming to unveil cutting-edge automation technologies like AI-driven systems, intelligent sensors, and autonomous machinery. Additionally, collaborations and partnerships between terminal operators and technology vendors serve as common strategies to harness combined expertise and broaden market influence.

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Key Players:

Cargotec
Konecranes
ZPMC
Liebherr
ABB
Künz
Cyberlogitec
Camco Technologies
IDENTEC Solutions
ORBCOMM

Market Segments:

By Automation:

Semi-Automation
Fully Automation
Quay Crane

By Product:

Software
Equipment
Services

By Project:

Greenfield Projects
Brownfield Projects

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

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Author:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani