Market Research Blog – Page 3055 – New Product Development

Packaging Testing Market Set to Boom at US$ 52,748.03 Million by 2033, Driven by E-commerce and Sustainability Concerns

The global packaging testing market is poised for explosive growth, with a projected valuation of US$ 52,748.03 million by 2033, according to a recent market analysis by Future Market Insights (FMI). This signifies a significant increase from US$ 16,099.87 million in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 12.6%.

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Market Surge Fueled by Stringent Regulations and E-commerce

Several key factors are driving this market expansion:

Stricter Regulations: The introduction of new standards and regulations for packaging safety is propelling the demand for packaging testing equipment, leading to a projected 13% CAGR in 2023.
Evolving Consumer Needs: Over the past few decades, packaging for consumer products has undergone a significant transformation, with a focus on extending shelf life and minimizing product damage. This necessitates efficient packaging testing across various materials like glass, plastic, paper, and metal.

Global Players Lead the Pack

The report identifies prominent players like SGS SA, Bureau Veritas SA, Eurofins Scientific SE, Intertek Group PLC, and TÜV SÜD Aktiengesellschaft holding a collective market share exceeding 10% in 2023.

Growth Drivers:

Expanding Global Presence: Leading market participants are extending their global reach and service offerings to capitalize on emerging opportunities in the food and beverage sector.
E-commerce Boom: The burgeoning online retail industry for food and other goods is driving the packaging testing market.
- Drop Testing Takes Center Stage: As products travel through intricate distribution networks, ensuring safe transportation becomes paramount. Packaging drop testing becomes crucial in verifying the package’s ability to withstand handling and transport.
Pharmaceutical and Industrial Growth: The rise of the pharmaceutical industry and growing industrialization are further fueling market growth. Packaging testing ensures compliance with regulations for pharmaceutical and food products.
- Compliance Testing Crucial: Packaging compliance testing plays a vital role, as it evaluates packaging materials’ adherence to various regulations, especially those concerning hazardous materials, pharmaceuticals, and food safety. Stringent regulations and growing concerns about product quality and safety are propelling this segment of the market.

E-commerce Revolutionizes Packaging Testing:

E-commerce companies are actively seeking solutions to minimize product damage and enhance packaging integrity, understanding that poor packaging can negatively impact their brand image. This translates into a growing focus on designing packaging solutions suited for challenging shipping environments.

Packaging Design Testing Flourishes: The rising demand for innovative and eco-friendly packaging solutions, coupled with heightened awareness of product safety and quality, is driving the packaging design testing market. This segment benefits from the increased adoption of packaging testing solutions.
Tackling Food Waste: Packaging damage during shipping contributes significantly to food waste and pollution. Market players are developing innovative food and beverage packaging testing solutions to ensure proper packaging for non-perishable food items.
Sustainability in Focus: Packaging testing plays a crucial role in safeguarding products during transport and distribution while simultaneously promoting reduced packaging material usage and cost optimization. This extensive adoption of packaging testing solutions across various e-commerce applications is propelling market growth.

A Future of Innovation and Sustainability

The packaging testing market presents a promising future driven by innovation, e-commerce growth, and a focus on sustainability. By addressing evolving consumer demands and regulations through advanced testing solutions, market players are well-positioned to capitalize on the vast potential within this dynamic landscape.

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Key Players

SGS SA

Intertek Group Plc
Bureau Veritas SA
Eurofins Scientific SE
ALS Limited
TUV SUD AG
Mérieux NutriSciences Corporation,
Microbac Laboratories Inc.
National Technical Systems Inc.
EMSL Analytical Inc
Institut fur Produktqualität GmbH
Campden BRI

Key segments

By Testing Type:

Physical
Chemical
Microbiological

By Material Type:

Plastic
Paper and Paperboard
Glass
Wood and Others

By Packaging Application:

Food and Beverages
Healthcare
Pharmaceuticals
Medical Devices
Chemical and Fertilizers
Personal Care and Cosmetics
Electrical and Electronics
Automotive
Industrial

By Region:

North America
Latin America
Europe
Middle East and Africa
East Asia

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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Corrugated Automotive Packaging Market Gears Up for Sustainable Growth at US$ 3.07 Billion by 2033

The corrugated automotive packaging market is on track for a sustainable future, with a projected valuation of US$3.07 billion by 2033, according to a recent market analysis by FMI. This signifies a significant increase from US$2.0 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 4.4%.

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Key Drivers Fueling Market Expansion

Automotive Industry Boom: The flourishing automotive industry is a primary driver for corrugated automotive packaging. As car manufacturing scales up globally, the demand for high-quality and reliable packaging solutions grows in tandem.
Sustainability in the Fast Lane: The eco-friendly and recyclable nature of corrugated packaging is a major factor propelling its adoption. Consumers and manufacturers alike are increasingly seeking sustainable solutions with minimal environmental impact.
Customizable and Cost-Effective: Corrugated packaging offers unmatched versatility, allowing for customization to meet the specific needs of various automotive parts and manufacturers. This adaptability, coupled with cost-effectiveness compared to alternative materials, makes it a popular choice.
Enhanced Protection: Corrugated packaging excels at safeguarding automotive parts during transport and storage. Its shock-absorbent design proves ideal for protecting even delicate components.
Streamlined Supply Chains: Lightweight, easy-to-handle corrugated packaging contributes to enhanced supply chain efficiency. It reduces transportation, handling, and storage costs, making it a valuable asset for automotive parts manufacturers.

Trends Shaping the Future

The report also highlights emerging trends influencing the market:

Sustainable Innovation: The growing demand for high-quality, sustainable, and eco-friendly packaging is driving advancements in innovative technologies within the corrugated automotive packaging space.
Government and R&D Investments: Increasing initiatives by governments and market players, coupled with growing research and development activities, are expected to present new opportunities for market growth.

Corrugated Boxes Lead the Pack

Based on product type, corrugated boxes are projected to dominate the market with a CAGR of 4.5% during the forecast period. Their popularity can be attributed to several factors:

Protection and Durability: Corrugated boxes provide superior protection and durability for automotive parts during transport. The multi-layered construction provides cushioning and prevents damage.
Customization Powerhouse: Corrugated boxes can be readily customized to fit diverse shapes, sizes, and configurations of various automotive components.
Eco-Friendly Choice: The recyclability of corrugated boxes, both in their composition and as a finished product, makes them an environmentally friendly packaging solution for the automotive industry.
Cost-Effectiveness Advantage: Compared to materials like plastic, metal, or wood, corrugated boxes offer a cost-effective option, particularly valuable for the high-volume packaging needs of the automotive industry.
Lightweight Solution: The lightweight nature of corrugated boxes addresses the growing demand for automotive lightening packaging solutions to reduce overall shipment weight and associated transportation costs.

A Sustainable and Efficient Future

The corrugated automotive packaging market presents a promising outlook, driven by a focus on sustainability, innovation, and cost-effectiveness. By capitalizing on these trends and developing solutions that meet evolving customer and environmental demands, market players are well-positioned to secure continued growth within the automotive packaging landscape.

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Regional Market Influences:

United States Market: Projected to dominate the global market with a CAGR of 3.9%, driven by a robust automotive industry, growing e-commerce sector, and a strong emphasis on sustainable packaging solutions.

China Market: Emerging as a significant player in the global market, China’s corrugated automotive packaging segment is propelled by its booming automotive industry, rapid e-commerce growth, government support for sustainable packaging, and technological advancements.

Market Innovation:

Smart Packaging Solutions: Innovations in corrugated automotive packaging include the integration of smart technologies, such as RFID tags and sensors, for improved tracking, monitoring, and management of the supply chain.
Bio-Based and Recyclable Materials: Ongoing innovation focuses on developing corrugated packaging from bio-based and recyclable materials, aligning with the automotive industry’s increasing emphasis on sustainability.
Advanced Structural Designs: Innovations in structural designs enhance the protective capabilities of corrugated packaging, ensuring the safe transportation of delicate and sensitive automotive components.
Customizable Packaging Software: The introduction of customizable packaging software allows manufacturers to design corrugated solutions tailored to the specific requirements of various auto parts, optimizing packaging efficiency.
Collapsible and Reusable Packaging: Innovations in corrugated packaging include the development of collapsible and reusable solutions, reducing waste and providing a more sustainable option for automotive manufacturers and suppliers.

Key Companies Profiled

International Paper Company
WestRock Company
Greif Inc.
DS Smith Plc
Smurfit Kappa Group Plc
Nefab Group
Elsons International
Orcon Industries
Sonoco Products Company
Mondi Group Plc
Sealed Air Corporation

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Key Segments of Industry Survey

By Product Type :

Corrugated Automotive Boxes
Corrugated Automotive Crates
Corrugated Automotive Trays
Corrugated Automotive Partitions
Corrugated Automotive Pallets
Corrugated Automotive Octabins
Corrugated Automotive PoP Displays

By Layer Type :

Single Face
Single Wall
Double Wall
Triple Wall

By Automotive Part :

Automotive Filters
Batteries
Engine Components
Lighting Components
Underbody Components
Electrical Components
Cooling Systems

By Region :

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

Author

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Cat Food Market Expected to Surpass US$ 60,951.4 Million by 2033, with 3% CAGR: Future Market Insights Inc.

The cat food market is forecast to expand at 3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 44,744 million in 2023.

The government’s role influences the cat food industry in regulating the available cat food in the countries. Companies are investing more in cat food to meet the specific requirements of cats’ diets.

Increasing consumer willingness to purchase premium products for their cats is leading firms to create a line of premium products. These products contain more nutrition and enhance the living conditions of pets, thus fueling market growth. Consumers are increasingly adopting pets, driving the trend of pet food premiumization, thus reflecting a positive market outlook in the years to come.

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The demand for cat food is also rising on account of more people opting for no kids, thus propelling a trend toward pets as a substitute. Additionally, a surge in dual-income families and old-age couples is leading to a higher cat adoption rate.

Cat food manufacturers are also shifting toward developing vegan cat food to end the ethical dilemma of vegetarians and the vegan population. Manufacturers are enhancing their production units and diversifying cat food to meet the emerging demands of pet owners.

The availability of cat food on e-commerce sites has led to consumers’ ability to buy foods without any physical barrier. Customers can compare and evaluate the prices and benefits of the products from the comfort of their homes before making a purchase.

Top Highlights from this Market:

The United States cat food industry is projected to be more than 32% in 2023.
In the year 2022, the German cat food industry gained a market value of 10%.
The Japanese cat food industry is expected to gain more than 0.8% market share in the coming years.
The United Kingdom cat food industry is projected to expand at 7.5% CAGR over the forecast period.
The Chinese cat food industry is anticipated to expand at a CAGR of 6.7% over the forecast period.
The India cat food industry is expected to register a CAGR of 4.5% in the next ten years.
Based on nature, the conventional segment acquired a maximum market share of 75% in 2022.
Based on the source, the animal-derived segment gained 68.60% market share in 2022.
Under the product type category, the kibble/dry category formed 35% of the overall market.
Based on pet type, the kitten segment gained a 35% market share in 2022.

Key Players in the Market are Evanger’s Dog & Cat Food Company, Inc., Mars Incorporated, Purina, Hill’s Pet Nutrition, Affinity Petcare SA, Nutro Products Inc., Dave’s Pet Food, Boulder Dog Food Company, Rollover Pet Food Ltd., Real Pet Food Company Pty Ltd, Freshpet, Burgess Group PLC, Nature’s Variety, Fromm Family Foods LLC, JustFoodForDogs, The J.M. Smucker Company, Steve’s Real Food, Natures Goodness Pet Food, Party Animal, Inc.

Market Watch: Innovations in this Market

Mars Petcare obtained NomNomNow Inc. in January 2022. The latter is a D2C fresh pet food brand headquartered in Tennessee, United States that sells fresh food, supplements, and cat treats. Mars Petcare integrated the brand into its Royal Canin division.
Hill’s Pet Nutrition and Boulder-based company revealed in November 2021 an industry-first collaboration to create a substitute for one of Hill’s most popular meat proteins, especially to meet the cats’ dietary needs.
Beaphar procured Pet Food UK, a super-premium pet food firm, in December 2021. The company’s key brands are ‘Meowing Heads’ and ‘Barking Heads’ for cats and dogs, respectively. This acquisition has invigorated the firm’s extant product line and distribution channel.

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Industry by Categorization:

By Nature:

Organic
Monoprotein
Conventional

By Source:

Animal Derived
- Fish
- Chicken
- Duck
- Beef
- Pork
- Venison/Game
- Lamb
- Turkey
Plant Derived
Insect Derived
- Crickets
- Mealworms
- Black soldier flies

By Product Type:

Kibble/Dry
- Extruded
- Baked
- Coated
Treats and Chews
- Pastes
- Cremes / Cream-Snacks
- Crunchy snacks
- Chew sticks
- Tablets
- Biscuits
- Cat Milk / Milk snacks
Dehydrated Food
Freeze-dried Food
Freeze-dried Raw
Wet Food
Frozen
Raw Food
Powder

By Pet Type:

Kitten
Senior

By Packaging Type:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

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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Food and Beverage Microalgae Market Set for Steady 7% CAGR Growth, Expected to Surpass US$ 247.4 Million by 2033

The global food and beverage microalgae market valued at US$ 125 million in 2023, is anticipated to experience a consistent growth rate of 7% between 2023 and 2033. By 2033, it is projected to achieve an impressive value of US$ 247.4 million.

The food and beverage industry is witnessing a remarkable shift towards innovative and sustainable ingredients, and one such element gaining significant attention is microalgae.

Microalgae, tiny aquatic organisms rich in nutrients, are emerging as a promising source of functional ingredients for the food and beverage sector.

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Advancements in cultivation and processing technologies contribute to the growth of the food and beverage microalgae industry. Novel cultivation methods, such as photo bioreactors and closed systems, enable high-quality microalgae biomass’s controlled and efficient production.

Improved processing techniques, such as cell disruption and extraction methods, help extract valuable bioactive compounds from microalgae for use in food and beverage formulations. These technological advancements enhance microalgae-based products’ scalability, cost-effectiveness, and quality.

The production and processing costs associated with microalgae cultivation can be relatively high. This may challenge the widespread adoption and affordability of microalgae-based products.

Achieving economies of scale and optimizing production processes are crucial for cost reduction and enhancing market competitiveness.

Microalgae is still a relatively new and unfamiliar ingredient to many consumers. It is essential to overcome consumer scepticism and educate them about the nutritional benefits, safety, and taste of microalgae-based products. Companies need to invest in consumer education and effective marketing strategies to build awareness, trust, and acceptance in the market.

The versatility of microalgae presents opportunities for its application in a wide range of food and beverage products.

From functional drinks and plant-based milk alternatives to bakery items and health supplements, microalgae can be incorporated into various product categories, offering new possibilities for product development and differentiation.

Key Takeaways:

The food and beverage microalgae industry in the United States of America was predicted to account for 32.0% in 2022.
In 2022, the market in Germany garnered a revenue share of 10% globally.
During the forecast period, the market in the United Kingdom is forecasted to advance at 7.5%.
China’s food and beverage microalgae industry is likely to secure a CAGR of 6.7% from 2023 to 2033.
Based on the end-use category, the bakery products sub-segment accounted for a value share of 21.04% in 2022.

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What is the Competition Landscape in the Food and Beverage Microalgae Industry?

The food and beverage microalgae market is witnessing the entry of new players, including startups and established companies, aiming to capitalize on the growing demand for microalgae-based products. This increased competition has led to diverse offerings and innovative product developments.

Established companies in the food and beverage industry are recognizing the potential of microalgae and incorporating it into their product portfolios. They are leveraging their brand reputation, distribution networks, and financial resources to gain a competitive edge.

These companies often invest in research and development, strategic partnerships, and mergers and acquisitions to strengthen their market position.

With the market becoming more crowded, product differentiation and innovation play a crucial role in gaining a competitive advantage.

Companies are focusing on developing unique product formulations, optimizing extraction methods, and enhancing microalgae-based products’ sensory attributes and functionality to stand out in the market.

The food and beverage microalgae market is experiencing consolidation as larger companies acquire smaller players or form strategic alliances. These consolidation activities aim to enhance market share, expand product portfolios, and leverage production, distribution, and research and development synergies.

Key Players are:

DIC Corporation
Koninklijke DSM NV
Roquette Frères
Fuji Chemical Industries Co., Ltd.
Yunnan Green-A-Bio-engineering Co Ltd
Cyanotech Corporation
BASF SE
Parry Nutraceuticals
Beijing Gingko Group
KDI Ingredients
Sinoway Industrial Co., ltd.
INNOBIO Corporation Limited
Algaecan Biotech Ltd.
Algatechnologies Ltd.
Cardax, Inc.
Igene Biotechnology, Inc.
Fenchem Biotek Ltd.
AstaReal Inc.
Valensa International
Kunming Biogenic Co., Ltd.
Others

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Global Market by Categorization:

By Species Type:

Spirulina
Chlorella
Dunaliella
Aphanizomenon
Haematococcus
Crypthecodinium
Schizochytrium
Euglena
Nannochloropsis
Nostoc
Phaedactylum
Others

By Source:

Marine Water
Fresh Water

By End-use Application:

Bakery and Confectionery
Meat, Poultry, Fish, and Eggs
Sauces, Soups, and Dressings
Seasonings
Snacks and Cereal
Dairy Products
Ice creams
Food additives (ingredients)
Medical Nutrition/ Functional Food/ Health Food
Sports Nutrition
Energy Drinks
Baby Food
Others

By Region:

North America
Latin America
Europe
Asia Pacific
The 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.

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Pet Food Microalgae Market to Reach US$ 38.3 million by 2033 | Future Market Insights, Inc.

The pet food microalgae market is forecast to expand at 5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 24 million in 2023.

The pet food industry is in full bloom as the adoption of four-legged human friends is increasing steadily. An increase in pet owners is venturing out into premium pet food items to feed their pets. Food replete with nutrition and essential for pets’ health and wellness is being given more importance. The change in people’s purchasing behavior reflects the increased discretionary income, enhanced standard of living, and robust urbanization.

Social media influence has a lot to do with the growth of the pet food microalgae industry. Social media influencers having expertise in pet food provide information related to new ingredients and new debuts in the market. With this knowledge, pet owners make decisions about their pet’s diet.

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Increasing demand for spirulina in pet food is appealing to pet owners worldwide due to its superfood status. The ingredient is also touted as a skin and immunity supporter, adding to its increased demand.

Marketed chlorella powders and tablets for cats and dogs boast of being nutritious, detoxifying, and immunity-boosting. The product is believed to purify cats and dogs’ bodies of accumulated, toxic chemicals from processed foods, the environment, and therapeutic and preventive drugs.

Consuming microalgae also burns macronutrients to produce DHA (docosahexaenoic acid) in animals. This helps with the brain development of pets and is consumed by pregnant and lactating animals and puppies.

Overall, the market is poised to observe an upward growth trajectory backed by the benefits of consuming microalgae-enriched pet food.

Top Highlights from the FMI’s Analysis of the Pet Food Microalgae Market:

The United States market formed 2.7% of the overall market in 2022.
The market significantly contributes to the Europe pet food microalgae industry in Germany. The German pet food microalgae industry is expected to contribute more than 5.7% market share in 2023.
The Japan pet food microalgae industry is expected to form more than 7.2% of the overall market share in 2023.
The Australian pet food microalgae industry supported 2.9% of the global market in 2022.
The India pet food microalgae industry is expected to register a 28.1% CAGR from 2023 to 2033.
The China market is projected to expand at a CAGR of 7.5% in the estimated time.
The United Kingdom is anticipated to propel at a CAGR of 4% over the forecast period.
On the basis of source, freshwater is projected to account for more than 84% in 2023.
Based on the application, the dog feed segment is expected to register above 46% in 2023.

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Competition Alert: Manufacturers Forming New Formulas, Taking into Account Recent Discoveries

Asia Pacific houses several manufacturers of pet food microalgae. Apart from that, the usage of microalgae in Latin America is also widespread.

Studies and experiments substantiate the use of microalgae in pet food for its many benefits. Additionally, companies are conducting their own research to benefit from these discoveries and develop new formulas with extra help and nutrition in their pet food composition.

Market Watch: New Developments in the Market

In September 2023, MiAlgae partnered with Falkirk Distillery, a Scottish whisky distillery, to contribute to a circular economy and develop sustainable ingredients for animal nutrition. The partnership is going to help Falkirk to reduce its carbon footprint and water consumption.
In April 2023, MiAlgae introduced NaturAlgae, its Omega 3 microalgae ingredient. This ingredient can be applied to pet food and aquaculture feed.

About Future Market Insights (FMI)

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

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Frozen Pizza Market Projected to Exceed US$ 35,944 Million by 2033: Future Market Insights Report

The global frozen pizza market size is predicted to surpass a valuation of US$ 20,196 million in 2023. It is anticipated to hit a valuation of US$ 35,994 million by 2033. The market is slated to thrive at a CAGR of 6% from 2023 to 2033.

Numerous flavors, dough varieties, and topping options are becoming more widely available in the frozen pizza industry. Their rising popularity has been aided by the ability to personalize frozen pizzas to suit various preferences. Due to their diversity, customers may select pizzas based on their preferences and dietary needs. Additionally, frozen pizzas are available in a variety of sizes, allowing for smaller servings for individuals or more significant amounts for families or celebrations.

The market for frozen pizza has grown due to the globalization of food tastes and the adoption of Western dining customs in various regions of the world. The demand for frozen pizza has grown as people become more accustomed to it as a standard meal option, particularly in areas where the traditional pizza culture is less common.

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Manufacturers of frozen pizza have made investments throughout time to raise the standard of their offerings. Technical food processing and packaging advances have improved frozen pizzas’ flavor, texture, and quality. As a result, consumers now perceive frozen pizzas as a better option than freshly baked ones. Frozen pizza makers have begun providing alternatives with healthier ingredients, such as whole wheat crusts, reduced-fat cheese, and organic toppings, to appeal to health-conscious consumers. These healthier substitutes have increased the market for frozen pizzas by luring customers looking for a compromise between convenience and better dietary options.

Key Takeaways from Frozen Pizza Market:

The global frozen pizza industry size developed at a CAGR of 2.4% from 2018 to 2022.
In 2018, the global market size stood at US$ 17,660.5 million.
The global market size stood at US$ 19,419.20 million in 2022.
Thin crust accounted for a maximum share of 63.3% of the global frozen pizza market in 2022.
Store-based retailing held a dominant share of more than 66.3% in 2022.
The large pizza segment accounted for 51.3% of the global market in 2022.
In 2022, the United States captured 17.2% shares in the global market.
In 2022, China captured 4.8% shares in the global market.
In 2022, India captured 25.2% shares in the global market.

Recent Developments Observed by FMI:

In June 2021, Brazi Bites announced the release of a new product line called Pizza’nadas for sale to customers in the United States. Pizza’nadas is a combination of frozen pizzas and empanadas.
Ole & Lena’s Pizzeria announced expansion plans to include wholesaling operations for frozen pizza. It is offered through retailers like Walmart for specific locations in the United States.
Dr. Oetker announced the expansion of its Ristorante frozen pizza line. Along with the launch of a new Vegan Society-certified Ristorante Margherita Pomodori pizza for consumers in the United Kingdom.

Key Players in the Global Market

Frozen Specialties Inc.
Jubilant Foodworks Limited
Convenio Foods Pvt. Ltd.
Giovanni’s Frozen Pizza
Monte Pizza Crust B.V.
General Mills Inc.
Nestle’ S.A.
McCain Foods Ltd.
Dr. Oetker GmbH
Daiya Foods Inc.
Connies Pizza
Conagra Brands Inc.
Others

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Market Segmentation

By Crust Type:

Thin Crust
Thick Crust
Stuffed Crust

By Toppings:

Cheese
Meat
Fruits and Vegetables
Others

By Sales Channel:

Store-based Retailing
- Convenience Stores
- Discounters
- Forecourt Retailers
- Hypermarkets
- Supermarkets
- Food Specialist
Online Retail

By Size Type:

Small
Medium
Large

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The 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.

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Cow Colostrum Market Projected to Exceed US$ 2.8 Billion by 2023, Anticipates 6.5% CAGR from 2023 to 2033, Reveals Future Market Insights, Inc.

The expected value of the cow colostrum market in 2022 is US$1.40 billion. Cow colostrum is used as a nutritive supplement to aid athletes in developing their immune systems and muscles. By 2023, it is anticipated to have made US$ 2.8 billion, with a CAGR of 6.5% from 2023 to 2033.

The market is growing more quickly as a result of athletes’ increased use of cow colostrum, which decreases damage to the upper respiratory system and intestines. Cow colostrum is a supplement that is growing popular among athletes since it helps the athlete’s overall immune system. The cow colostrum market is expected to expand over the span of the projection because of the increasing athletic consumption of cow colostrum.

The anti-ageing benefits of cow colostrum, which help to reduce facial wrinkles, are thought to help the product’s market expansion. Growth hormone from the colostrum promotes both cell regeneration as well as skin cell formation, which increases the suppleness and the thickness of the skin. The claim that bovine colostrum has anti-aging qualities is anticipated to boost market sales throughout the anticipated period.

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A growing variety of cutting-edge methods have been established in the last several years to produce goods containing cow colostrum. Colostrum powders that dissolve quickly and are ready to combine were among the new goods that hit the market, and their widespread use has increased.

Key Takeaways from the Market Study

Sales of cow colostrum increased by 5.4% CAGR between 2018 and 2022.
Over 86% of the worldwide market for traditional cow colostrum is accounted for by rising demand in developed and emerging nations.
B2B will have a 51.29% market share as a share of value in 2022 and is predicted to expand at a 4.63% CAGR over the forecast period.
The market for finished goods made from cow colostrum will account for 56.5% of the total market in 2022.
With a predicted market share of around 61.2% in 2022, the United States is predicted to have the highest share of cow colostrum in North America.
In South Asia, India holds a 25.4% market value share and is projected to increase at a CAGR of 8.21%.

“The market for cow colostrum is expanding because of the product’s high protein content and immunity-boosting qualities in its nutritional profile. Taking supplements made from cow colostrum can boost immunity and promote improved intestinal health.” remarks an FMI analyst.

Competitive Landscape

It is anticipated that the demand for cow colostrum will rise in the near future for use in animal feed ingredients. Strong promotional and marketing campaigns are a crucial opportunity for businesses to increase their reach and share of the market in the cow colostrum industry since informative colostrum advertising is a particular field that has been discovered to be missing.

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Prominent players in the cow colostrum market are:

Colostrum BioTec GmbH
Zuche Pharmaceuticals
Biodane Pharma A/S
Agati Healthcare Pvt. Ltd.
McePharma
Cure Nutraceuticals Pvt. Ltd.
Ingredia Nutritional (Ingredia S.A.)
Sterling Technology
Biotaris B.V.
La Belle Inc.
Now Health Group, Inc.
The Saskatoon Colostrum Company
Good Health New Zealand

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

Dutch company Biotaris B.V. has provided premium cow as well as goat colostrum goods for many years. Their colostrum products surpass the usual quality criteria thanks to the development of a unique cold-state manufacturing technology to process raw colostrum deeper in a loss-free and friendly manner.
In 2021, Bioblock, a unique nasal spray containing antibodies towards the SARS-CoV-2 virus generated from cow colostrum, is being sold on Tallink Grupp’s Estonian boats.
A pioneer in nutrition as well as biotechnology, PanTheryx, announced the release of three product formulations such as cow colostrum in March 2021. These include baked nutrition bars, soft chews, and soft presses.

More Valuable Insights Available

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

To understand opportunities in the cow colostrum market, the market is segmented on the basis of cow colostrum by nature (organic, conventional), product type (whole, colostrum finished products), end use (B2B, B2C) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments Profiled in the Global Cow Colostrum Market

Nature:

Organic
Conventional

Product Type:

Whole
- Whole Colostrum Powder
- Skim Colostrum Powder
- Specialty Colostrum Powder
Colostrum Finished Products
- Capsules
- Chewable Tablets
- Individual Sachets
- Specially Formulated Products

End Use:

B2B
- Dietary Supplements
- Sports Nutrition
- Functional Foods
- Animal Nutrition
- Cosmetics
- Infant Formula
- Pharmaceuticals
B2C
- Hypermarket/Supermarket
- Convenience Store
- Specialty Stores
- Drug Stores
- Health & Wellness Stores
- Online Retailing

About Future Market Insights (FMI)

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

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Yeast Based Spreads Market to Surpass US$ 711 Million by 2033, Registering 4.7% CAGR though 2033

Between 2023 and 2033, the global Yeast Based Spreads Market is set to experience steady acceleration at a 4.7% CAGR

Residual brewer’s yeast is utilized to make spreads like Marmite and Vegemite. These spreads have savory tastes and are rich sources of B vitamins. Right now, Australia is leading the global market for yeast based spreads owing to the presence of prominent players such as Vegemite, AussieMite, and Promite. In Australia, consumption of yeast based spreads are picking up pace, which is anticipated to encourage more players to participate in the market.

The United Kingdom market holds immense potential for acceleration in the coming years as well. The surging consumption of yeast based spreads in the United Kingdom is being fueled by global giants Unilever, which produces Marmite. In recent years, players have been firmly focused on launching new and innovative products. Another key factor driving the consumption of yeast based spreads worldwide is the rising prevalence of vegetarianism and veganism. As more consumers become vegetarian and vegan around the world, yeast based spreads demand is sure to register an upward surge.

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Research has also revealed that yeast based spreads’ high B vitamin content can be effective in easing symptoms of mental health conditions such as depression and anxiety. Over the last few years, discussions and debates surrounding mental health have surged globally. Future Market Insights (FMI) expects these trends to gather further momentum in the years ahead. This should provide lucrative opportunities for players in the global market for yeast based spreads.

Key Takeaways from the Yeast Based Spreads Market Study:

In 2023, FMI expects the global market for yeast based spreads to register a valuation of US$ 449.5 million.
Between 2023 and 2033, the global market is set to experience steady acceleration at a 7% CAGR.
The valuation of the global market is likely to surpass the US$ 711.0 million mark in 2023.
From 2018 to 2022, FMI observed a 8% CAGR acceleration for the global market.
Australia and the United Kingdom are likely to dominate the global market going ahead and capture significant shares.
By product type, FMI expects Marmite to generate substantial demand and sales between 2023 and 2033.
Spreads containing organic yeast are set to register more sales compared to spreads containing conventional yeast.

“Organic yeast based spreads, despite their significant sales potential between 2023 and 2033, are expensive for consumers in developing economies. In the years ahead, manufacturers are likely to make substantial investments in research & development to find out ways of making organic yeast based spreads for accessible for consumers worldwide.” – Says an FMI Analyst

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Who is Winning?

Players in the global market for yeast based spreads are likely to prioritize promotional strategies and new product launches between 2023 and 2033. Social media marketing efforts are also set to gather momentum as players focus on making consumers aware of the health benefits of yeast based spreads.

Key players in the yeast based spreads market include All Natural Foods of Stirling , AussieMite, Bega Cheese, Jardox Ltd, Marmite (New Zealand), Mars Foods, Nature’s Blend, Sanitarium Health & Wellbeing, Three Threes Condiments Pty. Ltd., Unilever Plc. and Vitam-R.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global yeast based spreads market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the yeast based spreads market based on product type (Aussiemite, Cenovis, Marmite, Marmite (New Zealand), Oxo (food), Promite, Vegemite, Vitam-R), nature (organic, non-GMO, conventional), end-use (food services, hotels, restaurants, cafes, business to consumers), and claims (vegan, vegetarian, gluten-free, dairy-free, halal, natural, kosher, fat-free) across seven regions.

About the Food & Beverage Division at Future Market Insights

The food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Global Yeast Based Spreads Market by Category

By Product Type:

Aussiemite
Cenovis
Marmite
Oxo
Promite
Vegemite
Vitam-R

By Nature:

Organic
Non-GMO
Conventional

By End Use:

Food Services
Hotels
Restaurants
Cafes
Business to Consumers
- Hypermarkets/Supermarkets
- Convenience Stores
- Discount Stores
- Mom & Pop Stores
- Online Retail Platforms

Claims:

Vegan
Vegetarian
Gluten-Free
Dairy-Free
Halal
Natural
Kosher
Fat-Free

About Future Market Insights (FMI)

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

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Global Beet Pulp Market to reach US$ 595.3 million by 2033; Dried Pulp to accumulate 2/5th of Total Revenue: FMI Report

The global beet pulp market is expected to be worth $268.30 million in 2022. Changing customer preferences for safer food for livestock will help the market reach a total of US$ 595.3 million by 2033, with a CAGR of 8% from 2023 to 2033.

There are several nutritional advantages to beet pulp for cattle. It helps the many bacteria that live in the horse’s hindgut as beet pulp is a prebiotic. It provides about 1,000 kcals per pound, and thus it can be used to help underweight horses put on weight. Volatile fatty acids, or VFAs, are waste products produced when bacteria digest beet pulp in the hindgut.

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These byproducts are ingested and transformed into energy. The amount of glucose or insulin is not increased as a result of this energy, which is gradually released for a more constant supply. Given its high calorie density and beneficial effects on the microbiota, beet pulp is commonly employed as a component in industrial grain concentrates.

North America holds the majority of the worldwide market for beet pulp due to its high production and consumption rates. The adoption of new rules governing employers and manufacturers, together with improvements to health care facilities, will all boost productivity and drive revenues to new heights.

The Asia Pacific region’s beet pulp market is also profitable, and it is expected to develop significantly because to rising demand for active swine feed and dairy feed segments in emerging economies such as India and China. More milk producers are switching from standard bovine feed to a compound feed that is more nutritionally balanced as they realize the full benefits of increased output from nutrient-rich feed, which is driving the market for cow feed to rise fast.

Key Takeaways from the Market Study

The global beet pulp market is expected to be valued at US$ 279 million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 2.4%
From 2023 to 2033, the United States is projected to account for an 88.4% market share.
The Indian beet pulp market to experience a CAGR of 8.1% from 2023 to 2033
By product type, the dried beet pulp was estimated to acquire more than 40% share in 2022.
By livestock, the cow segment acquired a market share of 28%.

“Beet pulp helps livestock maintain their weight, and feeding it is a smart method to supply extra calories without introducing a lot of starch or sugar. Benefits as these will propel the global demand during the forecast period.” remarks an FMI analyst.

Competitive Landscape

Prominent players in the beet pulp market are:

Amalgamated Sugar
Michigan Sugar
Midwest Agri
Tereos
British Sugar
Nordzucker
Ontario Dehy Inc.
American Crystal Sugar
Delta Sugar Company
Nippon Beet Sugar Manufacturing

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

Standlee Smart Beet provides horses with a high calorie fiber source. These beet pulp can be fed to adult horses at a rate ranging from 0.05 to 0.2% of their body weight per day, depending on activity rate. It is advised for underweight animals, performance horses, elderly horses, the horses sensitive to carbs, and pregnant and nursing mares.

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More Valuable Insights Available

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

To understand opportunities in the beet pulp market, the market is segmented on the basis of beet pulp by product (wet pulp, pressed pulp, dried pulp, ensiled pulp), livestock (cow, horse, sheep, goat, pig, buffaloes, mules, asses), category (molassed, unmolassed), sales channel (modern trade, specialty store, departmental store, convenience store, online retailers) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About the Food and Beverage Division at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

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

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Global Microalgae Market Expected to Reach $25.4 Billion by 2033, Growing at 8% CAGR | Future Market Insights, Inc.

The microalgae market is estimated to capture a valuation of US$ 11.8 Billion in 2023. The market is projected to reach a valuation of US$ 25.4 Billion with a CAGR of 8% during the forecast period.

How End-use Industries Propel the Global Market?

Various end-use industries are providing momentum to the global market in several ways. Key revenue pockets for the market are:

Food and Beverages: The manufacturers in the food and beverages sector are increasing the adoption of microalgae to provide omega-3 fatty acids, protein, and other nutrition in food. These manufacturers produce functional foods, energy bars, and other high-nutrient supplements to drive market growth.
Cosmetics: The cosmetic sector produces skin and hair care products, including shampoos, creams, lotions, serums, and other products. The rising demand for microalgae in the cosmetic sector to develop antioxidant and anti-aging properties is surging the market size.
Pharmaceuticals and Nutraceuticals: The adoption of microalgae is rising due to its bioactive components that promote health benefits. The manufacturers in these sectors are developing dietary supplements and produce drugs, and nutraceutical products are influencing the market growth.
Agriculture and Aquaculture: The pet food sector produces a source of feed for agriculture and aquaculture livestock and aquatic life, respectively. Microalgae is also widely used for fertilizers in agriculture.
Biofuels: The adoption of microalgae in producing biofuels is rapidly growing the global market revenue. Microalgae are widely used to produce bioethanol and biodiesel.

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Key Takeaways:

The microalgae market is predicted to register a CAGR of 8% with a valuation of US$ 11.8 Billion in 2033.
In the historic period, the market captured a valuation of US$ 10.1 Billion with a CAGR of 2.4% in 2018.
The United States is estimated to lead the global market by securing a share of 25.7% by 2033.
Germany is significantly growing the global market size by capturing a share of 5.3% during the forecast period.
With a share of 3%, Japan is anticipated to drive the global market during the forecast period.
Australia is projected to capture a share of 2.8% in the global market by 2033.

How are Key Players Adding Value in the Global Market?

The market is highly competitive by the number of key players. These players are developing innovative products by investing in research and development activities. A few of the key players in the market are:

Corbion: Corboin offers a wide range of food products by focusing on developing sustainable and eco-friendly products.
AlgaEnergy: AlgaEnergy is a Spanish-based company that develops microalgae-based products. The company offers its products to aquaculture, agriculture, and other industries.
Cynotech: Cynotech develops sustainable microalgae-based products for the feed, food, and nutraceutical industries. They are adopting advanced technology to implement eco-friendly products to reduce carbon footprints.

Recent Developments in this Market are:

In 2021, Corbion announced its partnership with Nestle. This partnership took place to develop microalgae-based products by adding plant-based ingredients.
In 2021, AlgaEnergy announced its partnership with FARMHANNONG to develop nutrient products by adopting microalgae in the Korean market.
In 2021, Cyanotech announced its newly launched product BioAstin Hawaiian Astaxanthin. This product develops to improve the immune system and promote a healthy lifestyle.

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Key Segmentation:

By Species Type:

Spirulina
Chlorella
Dunaliella
Haematococcus
Crypthecodinium
Schizochytrium
Euglena
Nannochloropsis
Phaedactylum
Others

By Source:

Marine Water
Fresh Water

By End Use Application:

Food and Beverages Sector
Health and Medical Sector
Animal Feed Sector
Pet Food Sector
Cosmetics and Personal Care Sector
Fertilizers Sector

By Region:

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

About Future Market Insights (FMI)

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

Contact FMI: