Market Research Blog – Page 3107 – New Product Development

Green Banana Flour Market Surges: Capitalizing on Changing Consumer Preferences for Organic and Gluten-Free Options

The global green banana flour market was estimated to have acquired US$ 623 million 2022. Changing consumer preferences towards organic and gluten-free flour will propel the market to reach a sum of US$ 1,026.1 million by 2033.

Green banana flour is trending as a gluten-free ingredient for the food industry, which in turn is creating opportunities for key players to capitalize on. Changing buyers values have led to seek more nutrition from natural and high-quality food sources with clean labels. With consumers seeking healthier options, it is seen that these products have appeal across a broad spectrum of potential buyers.

Driven by consumers’ piqued interest, green banana flour is now being made available in a particular flavor or a combination of other fruit flavors. According to FMI, the demand for conventional green banana flour is remarkably high and it is expected to account for over 95% sales in 2021.

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Key Takeaways from the Green Banana Flour Market Study

Green banana flour market is expected to register 4.6% Y-o-Y growth in 2021
The U.S. will emerge as a highly attractive market, accounting for over 85% of sales in North America in 2021
Exhibiting above 6% Y-o-Y growth in 2021, the U.K. will emerge as an attractive market for green banana flour within Europe
The demand from Germany and France too is forecast to rise at an impressive pace
Within East Asia, China will exhibit strong growth, followed by Japan and South Korea

Quality Concerns Pertaining to Food Enabling Green Banana Flour Sales

Rising concerns regarding quality of food products, along with growing awareness about health & wellbeing, are pushing consumers to increasingly opt for healthy and organic products Green banana powder is being sold in its retail format for household purposes in large quantities. Growing purchasing power and increased opportunities for women in the workforce have resulted in less time for home cooking, and higher demand for processed or prepared foods. As a result, there is a rise in consumer expenditure on grocery retail and food.

Not only is it a must for those with gluten allergies to use substitute flours, but it’s also a perfect choice for many recipes to add nutrients. Green banana flour is lower in calories than all-purpose flour at only 100 calories per 1⁄4 cup, which essentially helps minimize the total calorie count without losing flavour or texture.

Who is winning?

Rising inclination towards vegetable and fruit flours across various regions is fuelling the demand for green banana flour. Manufacturers across the globe are are investing heavily to update their inventories with green banana flour products to cater to the growing demand.

For instance, Zuvii specializes in the production and marketing of gluten-free food ingredients for both retail and commercial sectors. The company offers products such as gluten-free banana flour, pancake and waffle mix, brownie mix, chocolate cake mix, vanilla cake mix, and bundles. The green banana flour produced by the company is claimed to be starch free, and good for the gut due to its probiotic nature.

Some of the key players in green banana flour market are are International Agriculture Group, Made’s Green Banana Flour Co., Kanegrade Ltd., Natural Evolution Limited, Slingan Pty Ltd., NOW Health Group, Inc, NuNatural Inc, Zuvii, Pereg Gourmet Natural Foods, M-Pak, Banatone Food Industries, Stawi Foods and Fruits Limited, Vinayak Ingredients (INDIA) Pvt. Ltd., Hearthy Foods, Saipro Biotech Private Limited, Paradise Fruits, Royal Nut Company, Absolute Organic, KADAC Pty Ltd.

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Green Banana Flour Market by Category

Product Type

Organic Green Banana Flour
Conventional Green Banana Flour

Process

Spray Dried Process
Sun Dried Process
Freeze Dried Process
Others

Sales Channel

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Store
- Specialty Store
- Online Retailers
- Other Sales Channel

Application

Household
Food Industry
- Bakery & Snacks
- Confectionery
- Infant Food
- Filling & Dressings
- Soup & Sauces
- Others
Beverages
Pet Food & Feed Industry

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Powdered Cellulose Market Surges: Natural Ingredients Demand Propels Growth Across Multiple Industries

The powdered cellulose market will be driven globally by the increasing demand for natural ingredients in food items and the acceptance of dietary fibres in the food sector. The functions of powdered cellulose have an impact on demand as well. In a variety of industries, including those related to food, medicine, cosmetics, personal care, construction and welding, paper and textiles, and others, powdered cellulose is increasingly employed as a stabiliser, thickening, coating agent, and emulsifier.

Powdered cellulose is derived from various natural sources such as softwood/hardwood pulp, cotton linter, bamboo and many more in the list, which contains rich source of dietary fiber. Owing to the unique functionalities such as emulsifier, stabilizer, thickener and many other, powdered cellulose are significantly used in bakery products, frozen desserts, beverages, dairy products and more.

According to FMI, the food and beverages industry will emerge as the chief end user, accounting for a little below 22% sales register in 2021. Besides this, the rising demand from construction, pharmaceutical, and other industries will continue supporting the expansion of the market.

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The FMI studies deeply into the dynamics to offer remarkable insights into powdered cellulose market. Some of these are:

Powdered cellulose market will register above 6% CAGR between 2021 and 2031
The U.S. has emerged as a key market, accounting for over 60% sales in North America
The increasing demand from various industries will enable the U.K. market exhibit a little below 4% y-o-y growth in 2021
The expansion of food and construction sectors will support growth in Germany and France
China will lead East Asia, thanks to the rising demand from the food industry

“Higher focus on healthy eating have attracted attention towards ingredient list of food products. In general there is higher demand for food products containing ingredients derived from natural sources. This has resulted in increasing use of powdered cellulose as emulsifier and gelling agents in sauces and mixes. The demand for powdered cellulose will therefore continue increasing through the forecast period.” said a lead analyst at FMI

Application of Powdered Cellulose in the Construction Industry to Surge

Fine fibrous structure powdered cellulose consisting minerals and metallic oxides is finding increasing application in the construction sector. During the welding function powdered cellulose protect from oxidation. Therefore it helps to improve the stability and welding function.

Furthermore, owing the functionality as coating and gelling agent, powdered cellulose is used in tile adhesives, cement renders, putty powder, and others. Manufacturers are using powdered cellulose in various construction and welding materials because it improves the operation time. Increasing use in the construction sector will continue supporting expansion of the market.

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Who is winning?

Some of the key players operating in powdered cellulose market Jelu-Werk J. Ehrler GmbH & Co. KG, J. Rettenmaier & Söhne GmbH + Co KG, CFF GmbH & Co. KG, Mikro-Technik GmbH & Co KG, InterFiber Sp. Z.O.O, Ankit Pulps and Boards PVT. LTD., Accent Microcell Pvt. Ltd., Central Drug House (P) Ltd, NB Entrepreneurs, Natural Fiber Solutions and many others. These players are actively involving in changing market strategy, production capacity and other developments to gain competitive advantage.

For instance:

J. Rettenmaier & Söhne Company, installed its production and business plant in China in 2017.
In 2016, InterFiber expand its supplier network in Chicago and Philippines to expand its business operations

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Powdered Cellulose market by category

Grade

Food Grade
Pharmaceutical Grade
Industrial Grade

Functionality

Thickener
Stabilizer
Emulsifier
Gelling
Coating Agent
Others

Source

Soft and Hard Wood Pulp
Cotton Linter Pulp
Bamboo
Wheat Straw Pulp
Other Sources (oats, etc.)

End Use

Food & Beverage Industry
- Bakery & Confectionery
- Meat & Poultry Product
- Sauces & Dressings
- Beverages
- Processed Food
- Dairy Products
- Others
Pharmaceuticals
Cosmetics
Construction Industry
Chemical Industry
Leather Industry
Textile Industry
Paper Industry
Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania

Frequently Asked Questions

Which is most lucrative market for powdered cellulose market?
Which grade of powdered cellulose is used widely?
Which is the key function of powdered cellulose?
Which are some of the top companies offering powdered cellulose market?
Who is the leading end user of powdered cellulose?

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Rising Demand for Customized Dog Food Spurs Growth Opportunities: Global Market Set to Reach US$ 81,224.9 million by 2033

In 2023, the value of the dog food market is estimated to reach US$ 45,631 million. According to Future Market Insights (FMI), global sales of dog food are expected to reach US$ 81,224.9 million by 2033, rising at a CAGR of 6% throughout that time period.

Customised dog food products are gaining popularity in wealthier countries, and the practice is expected to expand to emerging economies in the coming years. Demand for dog food may increase as pet owners grow more concerned about what they feed their animals.

Because pet owners like to have more control over the ingredients used in dog food production, brands and businesses that provide custom-designed and customised dog food items have a big development opportunity.

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Spending on pets is anticipated to increase as a result of the humanization and premiumization trends, which will help to offset the stagnant growth of the dog population in North America.

Key Takeaways:

By 2033, the dog food market in the United Kingdom is likely to expand, with a CAGR of 7.5%.
In 2022, the United States held a market share of 32% in the dog food sector.
The dog food market was significantly expanding, with a size of US$ 43,876 million in 2022.
By 2033, the dog food market in China is likely to expand, with a CAGR of 6.7%.
In 2022, Germany expanded significantly in the dog food business, with an expected share of 10%.
By 2033, India is projected to expand significantly in the dog food market, with a share of 4.5%.
In 2022, Australia developed significantly in the dog food business, with an expected share of 0.5%.
Japan’s dog food industry share developed significantly, with a 0.8% share in 2022.
In 2022, the conventional segment led the market with a significant share of 75% and is likely to hold a top spot in the market, in terms of nature.
Based on the source, the animal-derived segment dominated the industry in 2022, with a share of 68.6%.

Competitors’ Winning Strategies:

Around the nation, pet owners are converting to grain- and gluten-free diets. Sales of various kinds of dog food are fueled by dog owners’ desire to provide wholesome food for their animals. This encourages the key players to develop new dog food items.

Customers are increasingly opting for clean-label goods as they seek to eliminate undesired components like heavy metals and toxins that are frequently present in pet feeds. Dog food manufacturers are likely to gain a high market share by adopting this trend.

Recent Developments:

Nestlé Purina Petcare announced in December 2020 that it invested US$ 550 million to develop its pet food production facilities in Georgia.

In August 2022, Indian pet food company Wiggles increased its product line by introducing EveryDawg, a new brand of dog food. EveryDawg is a delicious, nutritious dry dog food that is gluten- and sugar-free and suited for all breeds of dogs.
In India, in February 2022, the Pedigree brand of Mars Petcare introduced a new line of dog treats called Ranchos. Spiral Wrap and Super Bones are the two forms in which the items are offered.

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Who is Winning?

Evanger’s Dog & Dog Food Company, Inc.
NestlÃ Purina Pet Care
P&G Pet Care
Hill’s Pet Nutrition
Del Monte Pet Products
Affinity Petcare SA
Nutro Products Inc.
Unicharm PetCare Corp.
Total Alimentos SA
Nutriara Alimentos Ltda.
The J.M. Smucker Company
Dave’s Pet Food
Fromm Family Foods LLC
Boulder Dog Food Company
Real Pet Food Company Pty Ltd
Burgess Group PLC
Freshpet
Party Animal, Inc.
Rollover Pet Food Ltd.

Key Segmentation:

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
- Jerky
- Rawhide
Dehydrated Food
Freeze Dried Food
Freeze-Dried Raw
Wet Food
Frozen
Raw Food
Powder

By Pet Type:

Puppy
Adult
Senior

By Packaging Type:

Pouches
Bags
Can
Bottles & jars
Folding cartons
Tubs & Cups

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

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Organic Tea Market on Steady Growth Expected to Surpass US$ 2.69 Billion by 2033 Amid Rising Demand for Healthy, Pesticide-Free Beverages

The organic tea market is expected to expand its roots at a steady CAGR of 8.0% during the forecast period. The market is likely to hold a revenue of US$ 1.24 billion in 2023 while it is anticipated to cross a value of US$ 2.69 billion by 2033.

Organic products are getting more popular among customers due to changing lifestyles and the growing belief that organic products are healthier than conventional ones. Furthermore, the growing trend of consuming naturally derived and pesticide-free products will drive organic tea sales higher around the world.

Food safety has become an important priority for consumers, hence organic foods grown organically without the use of artificial fertilisers, such as organic tea leaf, are considered safer than conventional tea leaf. This is also helping the organic tea industry gain popularity.

Furthermore, the organic tea industry is predicted to expand as a result of the rising trend of organic and clean label nutritious beverages.

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Key Takeaways from Market Study

Based on product type, herbal organic tea is anticipated to account for over 50% of the market share over the forecast period.
The North America organic tea market is expected to register growth at 7.9% CAGR during the forecast period.
Europe is expected to account for 3/7^th of the global organic tea consumption through 2032
Organic tea sold in tea bags is expected to hold a market share of over 40% in the forecast period
The supply chain for the organic tea market was severely affected by COVID-19, resulting in a slowdown in sales. However, with the recovery of the economy and rising demand for functional beverages, the market is anticipated to grow significantly.

“Consumers seeking authentic tea experience will result in high demand for specialty tea. This is expected to aid the organic tea market growth,” says a analyst.

Competitive Landscape

The global organic tea market is moderately consolidated with the leading players focusing on launching new and innovative teas while strategically partnering and acquiring established players in the business. In addition, they are also expanding their production capabilities to allow consolidation in the market:

In October 2019, a leading company selling organic tea, Choice Organic Teas was acquired by Yogi Tea as a strategic move to expand their organic tea business globally.
Celestial Seasonings launched TeaWell in October 2019, a product line that combines organic wellness tea with a potent blend of health benefits and exquisite tastes. The range includes a variety of flavours created using a mix of herbs and botanicals. The “Daily Wellness Core” in these products is a combination of four vital ingredients: elderberry, dandelion root, panax ginseng and green rooibos.

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Organic Tea Market by Category By Product Type, Organic Tea Market is Segmented as:

True Tea
- Black Tea
- Green Tea
- Oolong Tea
- Pu-erh Tea
- White Tea
Herbal Tea
- Chamomile Herbal Tea
- Peppermint Herbal Tea
- Ginger Herbal Tea
- Lemongrass Herbal Tea
- Other Herbal Teas

By Form, Organic Tea Market is Segmented as:

Dried Leaf
Powder Leaf
Liquid

By Packaging, Organic Tea Market is Segmented as:

Cartons
Cans
Tea Bags
Paper Pouches
Other Packaging

By Sales Channel, Organic Tea Market is Segmented as:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region, Organic Tea Market is Segmented as:

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

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Explosive Growth Forecasted for Functional Mushroom Market: Expected to Reach US$ 22 Million by 2033 Amid Rising Demand for Healthy Substitutes

The global functional mushroom market value in 2022 was calculated to be approximately US$ 9,324.7 million. According to FMI, between 2023 and 2033, it will grow at a rate of 9% annually. It also estimates that the entire valuation will have reached US$ 22,023.8 million by the end of the predicted period.

The sector has a lot of room to grow given the recent surge in the use of functional mushrooms as a healthy substitute in ordinary meals. It is projected that as more younger generations adopt vegan diets, the global market for functional mushrooms will expand. A greater understanding among consumers of the products’ capacity to maintain overall health and well-being may facilitate market growth.

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The Asia Pacific countries are anticipated to have higher growth during the forecast years since the majority of mushrooms are grown in tropical areas. It may be related to growing interest in edible mushrooms as superfoods that improve food security in impoverished nations. They are also growing in popularity in industrialised countries as a superior replacement for a variety of other nutrient-dense meals.

The expanding urban population and rising expenditures on meals with functional enhancements are two more crucial factors. Due to its substantial food and beverage sectors, Germany has a stronger need for functional mushrooms than other European nations.

Key Takeaways from this Report:

Based on geographic regions, the sales of functional mushrooms in the United States constituted 16.4% of the global revenue in 2022.
The overall demand for functional mushrooms in Germany generated a global revenue share of around 6.6% as per the 2022 records. Meanwhile, the United Kingdom is anticipated to increase at a higher rate of nearly 5.9% through 2033.
Japan is the leading country in the Asia Pacific region and it held a global market share of around 7.3% in the year 2022. On the other hand, China is expected to overtake it soon by capturing a 4.5% CAGR between the years 2023 and 2033.
The production of functional mushrooms in India is anticipated to increase at the quickest rate of nearly 8.9% during the anticipated period.
Back in the year 2022, the organic segment led the global market in terms of nature and was responsible for a revenue share of more than 21.3%.
The powdered product segment led the market and was responsible for a revenue share of nearly 23.7% in the year 2022. This was brought on by the product’s increased popularity due to its higher storage and transport feasibility.

Competitive Landscape:

Hokkaido Reishi Co., Ltd.
Om Mushrooms
Rainbo
Nammex
Half Hill Farm Inc.
Marley One
Optimi Health Corp.
Wuling (Fuzhou) Biotechnology Co., Ltd.
Landish Foods
Functional Mushrooms
Hekate
Others

The Marley Company introduced the Marley One psychedelic and functional mushroom consumer brand in June 2021 in collaboration with Silo Wellness Incorporation. Silo Wellness is a significant Toronto-based psychedelic business working on enhancing immunity and supporting gastrointestinal health and cognitive function. The first product line contains a range of tinctures made from functional mushrooms, such as lion’s mane, cordyceps, reishi, turkey tail, and Chaga.

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Key Segmentation:

By Nature:

Organic
Conventional

By Product Species:

Reishi
Shiitake
Lion’s Mane
Chaga
Maitake
Cordyceps
Tremella
Turkey Tail
Enokitake
Oyster Mushrooms
Others

By Form:

Liquid Sprays and Drinks
Powders
Capsules or Supplements
Others

By Application:

Food & Beverages
Nutraceuticals & Dietary Supplements
Pharmaceutical
Sports Nutrition and Functional Items
Cosmetics & Personal Care
Pet Care Industry
Other Applications

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia Market
Oceania Market
The Middle East & Africa (ME&A) Market

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Capitalizing on Growth: Investing in the Expanding Cheese Market Driven by Processed Cheese Demand

The cheese market is expected to expand from US$ 95.0 billion in 2023 to US$ 160.0 billion by 2033.

In recent years, demand for processed cheese has increased due to the product’s longer shelf life, pleasing flavour profile, and diversity at a cheaper price point than other varieties of cheese on the market.

Key Takeaways:

The cheese market is expected to expand at a CAGR of 5.4% during the forecast period 2023 to 2033.
Rising demand for vegan cheese, as well as increased sales of cheese for home applications, are expected to drive the market throughout the forecast period.
North America dominated the cheese market.

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Key Developments

In March 2021, Dalter Alimentari Spa debuted a new cheese cut, new cheese matchsticks, a market-exclusive cut designed to deliver great results. This product meets the requirements of the food manufacturing and food service industries. It is commonly used as an ingredient in ready meals, salads, soups, and sauces, as well as fillings and stuffing.
Glanbia completed the acquisition of Foodarom in August 2020. (Germany). Glanbia’s capabilities in tastes and nutritional solutions were strengthened as a result of the acquisition.
In June 2022, Land O Lakes Cheese released Land O Lakes Shredded Cheese, a cheese line that includes seven cheese products in the grocery store’s dairy case section, in Wisconsin, United States. The cheese supply chain begins with Wisconsin farmers, who provide milk that is sent to the Land O’Lakes Kiel, Wisconsin plant where the cheese is made.
In May 2021, Arla Foods, a Danish dairy cooperative, invested around US$ 8.2 million in the construction of a new cheese production facility in Japan. Arla announced plans to develop two extra ripening warehouses, new cheese machinery, and a new drainage room at Troldhede Dairy in West Jutland, its home market.
Heritage Foods entered the cheese product market in February 2021, introducing processed and mozzarella cheese. Heritage says that its processed cheese and mozzarella cheese are made from 100% cow milk. The company’s freshly announced cheese products were touted to possess a naturally occurring cheesy flavor suited for ingestion by people of all ages.
The Kraft Heinz Company announced in November 2021 that it had completed the sale of some assets in its global cheese business, as well as the licensing of certain trademarks. This was done for a Groupe Lactalis affiliate for a total of roughly $3.3 billion. This amounts to roughly US$ 3.2 billion in cash consideration.
Kraft Heinz is going to launch vegan cheese singles in three flavors in October 2022. This year, Kraft Heinz and food tech firm NotCo may release a dairy-free version of traditional Kraft singles American cheese slices. This is one of the first goods to be released as a part of their collaboration.

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Cheese Market by Key Segment

By Nature:

Organic Cheese, which caters to health-conscious consumers, is gaining popularity due to its eco-friendly cultivation methods.
Conventional Cheese remains a staple choice, appealing to traditional tastes and preferences.

By Source:

Dairy-based Cheese, deriving from milk, continues to dominate the market, valued for its rich taste and texture.
Plant-based Cheese, crafted from alternative sources, is embraced by the growing vegan and lactose-intolerant consumer base.

By Product Type:

Mozzarella offers its signature stretchy texture, making it a go-to choice for pizzas and various dishes.
Cheddar’s sharpness and versatility make it a sought-after option for both snacking and cooking.
Pepper Jack, known for its spicy kick, adds flavor to sandwiches and Mexican cuisine.
Parmesan’s robust taste complements pasta, salads, and more.
Gouda’s smooth and nutty profile makes it a versatile favorite.
Other diverse cheese varieties continue to captivate adventurous palates.

By Form:

Block, Cube, Shreds, Slices, Spread, Powder, and Sticks offer convenient options for diverse culinary needs.

By End Use:

The Food and Beverage Industry integrates cheese in various recipes, enhancing taste and texture.
HoReCa establishments rely on cheese to elevate their menu offerings.
Household Retail caters to consumers seeking cheese for personal use and family meals.

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By Sales Channel:

B2B transactions facilitate bulk purchases for industries and businesses.
B2C interactions engage individual consumers directly.
Modern Trade, Convenience Stores, Traditional Grocery Stores, and Specialty Stores ensure widespread accessibility.
Online Retail gains momentum, providing convenient cheese shopping experiences.
Other Retail Formats offer additional avenues for cheese distribution and availability

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Unlocking Growth Potential: Investing in the Booming Coconut Water Market Amid Rising Health Consciousness and Beverage Innovation

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Coconut Water Market. The report features insights into the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2020 to 2030.

The Future Business Insights research team is gathering data and performing market studies to create various Coconut Water Market estimations and predictions on a regional, national, and global basis. They examined the Coconut Water Market and generated reliable and relevant insights using a variety of business information sources, including market statistics and merger estimates.

Because health-conscious consumers choose natural, hydrating beverages, the coconut water market is quickly rising. Coconut water is especially popular for its revitalising taste, electrolyte content, and potential health benefits. As consumers become more aware of the beverage’s nutritional benefits, manufacturers are producing unique versions, resulting in market growth in a number of nations throughout the globe.

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Coconut Water Market Outlook & Key Findings

Future Market Insights (FMI) forecasts positive growth for global coconut water market at a CAGR of 10.5% between 2020 and 2030
Consumer preferences are shifting towards natural beverages hence big manufacturers are offering packaged coconut water drinks and beverages to gain traction
Over 70% of coconut water accounts for original/ unflavored. Despite availability in various flavors, regular coconut water will remain consumer favorite, accounting for nearly one-fourth of the market, finds FMI

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

Tropicana Products, Inc., a Bradenton, Fla.-based division of PepsiCo, introduced Tropicana Coco Blends.

Segmentation

Nature

Conventional
Organic

Application

Food
Bakery & Confectionery
Breakfast Cereal
Dairy Products
Sauces and Salads
Other Food Products
Beverages
Alcoholic Beverages
Tea & Coffee
Other Beverages
Cosmetics & Personal Care
Skin Care
Hair Care
Nutraceutical
Animal Feed & Pet Food
Retail

Flavour

Unflavored/Original
Flavored

Sales Channel

B2B/Direct
B2C/Indirect

Global

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

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Frequently Asked Questions

What is the size of the overall Coconut Water Market in the Food and Beverage Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Coconut Water Market in the Food and Beverage Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Coconut Water Market in the Food and Beverage Market?
What is the Coconut Water Market in the Food and Beverage Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Coconut Water Market in the Food and Beverage Market?
What are the recent trends in Coconut Water Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Coconut Water Market in the growth of the Food and Beverage Market?
What are the key market trends impacting the growth of the Coconut Water Market in the Food and Beverage Market?

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Global Cold Flow Improvers Market: Projected Incremental Opportunity of US$ 563.18 Million to 2027

The global cold flow improvers market has witnessed remarkable growth and is poised to achieve a valuation of US$ 1.54 billion by the end of 2027, marking a significant increase from the estimated US$ 980.8 million in 2018. This forecasted expansion is attributed to a compound annual growth rate (CAGR) of 5.2% over the forecast period, presenting lucrative opportunities for stakeholders in the industry.

The escalating demand for cold flow improvers can be attributed to their vital role in enhancing the low-temperature operability of fuels and lubricants. These additives play a crucial part in preventing the formation of wax crystals, which can obstruct pipelines and machinery, particularly in cold climates. As industries continue to grapple with diverse environmental conditions, the need for effective cold flow improvers becomes increasingly indispensable.

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Key Drivers:

Global Emphasis on Renewable Energy: The growing focus on renewable energy sources has led to increased usage of biodiesel and other alternative fuels. Cold Flow Improvers are essential in these scenarios, preventing the formation of wax crystals and ensuring the consistent flow of fuel in cold weather conditions.
Expanding Transportation Sector: The expanding global transportation sector, including road, rail, and marine transport, relies heavily on the efficient performance of fuels. Cold Flow Improvers enable the smooth flow of diesel and other fuels, even in sub-zero temperatures, reducing the risk of fuel filter plugging and engine disruptions.
Aviation Industry Requirements: In the aviation sector, where fuel quality is critical for safety and efficiency, Cold Flow Improvers play a pivotal role. These additives help prevent the formation of ice crystals in aviation fuel, ensuring the reliability of aircraft engines during takeoff, flight, and landing.
Industrial Applications: Industries such as power generation, manufacturing, and construction often operate in cold climates. Cold Flow Improvers are essential in preventing fuel gelling and waxing, ensuring uninterrupted operations and minimizing downtime.

“With growing consumer inclination towards premium quality lubricant additives for enhanced engine performance, it is more likely that the sales of cold flow improvers will sustain over coming years,” says a senior market research analyst at FMI.

Overview of the Global Automotive Industry

The automotive industry plays a pivotal role in the global economy, serving as a significant driver of employment, technological innovation, and economic growth. As the industry continues to evolve, various factors contribute to its growth, with a particular emphasis on the demand for cold flow improvers.

Key Drivers of Growth in the Automotive Sector

Technological Advancements: The automotive industry is witnessing rapid technological advancements, including the development of electric and autonomous vehicles. These innovations have spurred a renewed interest in the industry, driving growth and creating new opportunities for market players.
Economic Expansion: Global economic expansion has a direct impact on the automotive industry, as increased consumer spending and business investments contribute to rising demand for vehicles. Emerging markets, in particular, are experiencing robust economic growth, further propelling the automotive sector forward.
Environmental Regulations: Stringent environmental regulations and a growing emphasis on sustainability have led to the development and adoption of cleaner and more fuel-efficient technologies. This shift has driven the automotive industry to explore alternative fuels and additives, including cold flow improvers.

Key Players

Some of the players reported in this study on the global cold flow improvers market include BASF SE, Clariant AG, Evonik Industries AG., AkzoNobel N.V., Baker Hughes Inc., Afton Chemical, Bell Performance, Inc., The Lubrizol Corporation, Chevron Corporation, Infineum International Limited and Ecolab. Moreover, manufacturers of cold flow improvers have been channelizing efforts towards strengthening their distributor and retailer network and are focusing on specific regions. This is expected to positively impact the cold flow improvers market in the near future.

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Cold Flow Improvers Market Segmentation

Product Type

Polyacrylate
Polyalkyl Methacrylates
Polyalkyl Methacrylates
Ethylene Vinyl Acetate
Others

By End Use

Automotive
Aerospace
Industrial

Region

North America
Latin America
Europe
China
APAC
Middle East and Africa

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

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Global Lining Market Expected to Reach US$ 5.8 Billion by 2028 with a Projected CAGR of 3.9%

The global lining market, valued at US$ 4.6 billion in 2022, is poised for steady growth, projecting a Compound Annual Growth Rate (CAGR) of 3.9% throughout the assessment period. Anticipated to reach a valuation of US$ 5.8 billion by 2028, the market reflects a positive trajectory, driven by factors such as increasing industrialization, infrastructure development, and growing demand for durable and protective linings across various sectors. This growth underscores the market’s resilience and its integral role in diverse applications, promising a significant economic impact over the coming years.

Global lining market prospects are likely to be significantly influenced by the increasing investments in oil and gas exploration activities and augmenting production capacities of refineries. Moreover, surging demand for trade through marine ports coupled with growing shipbuilding industry and frequent repair and maintenance of linings in shipping are some key factors favoring the growth of global lining market.

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Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

Marine routes are major conveyance option for goods in the form of containers, dry and liquid bulk and roll on-roll off (Ro-Ro) type of cargos. Cost effective transfer of heavy and bulk materials in a single go fueling marine trade. Shipbuilding, too is contributing to the growth of global lining market. Availability of all necessary resources in Asia Pacific is found to be a key factor responsible for the growth of the shipbuilding industry in the region. Moreover, low labor cost and indulgent legislations are accelerating the shipbuilding industry, further pushing the demand for marine linings over the forecast period.

Polymer Lining to Remain Most Preferred Across Industries Through 2028; Demand for Eco-Friendly Products to Induce Novelties in Lining Market

Segmented into polymer lining, rubber lining, ceramic and carbon brick lining, and tile lining, the global lining market will witness significant revenue contribution from the polymer lining variant. The polymer lining segment is projected to hold a dominant share in terms of both market value and CAGR index. Growing demand for linings across the globe as well as environmental regulations in developed regions are the major factors driving the lining market. Moreover, increasing demand from marine, oil and gas, automotive, and chemicals industries is likely to drive the adoption of polymer lining in the global lining market. Epoxy resins are likely to dominant the global polymer lining market, owing to its excellent resistance to numerous chemicals couple with other technological advancements.

Although solvent borne linings are likely to hold a significant share of the global lining market, considering increasing adoption of ecofriendly lining products in developed countries would propel the adoption of waterborne and powder linings. Stringent Government regulations and adoption of lining products with low-VOC content are key factors pushing the demand for waterborne and powder linings. Manufacturers in the global linings market are constantly investing in R&D activities to introduce new products and technologies for product differentiation, further driving the lining market.

However, volatile prices of raw materials including epoxy and polyurethane and stringent government directives regarding VOC emissions across various regions are key restrainers impacting the overall growth of global lining market.

China followed by Western Europe and North America, are likely to showcase increased adoption of linings. Fast-paced industrial growth in China is significantly contributing to sales of lining products in the region, which is expected to hold nearly 35% of the market, by 2028.

Major global suppliers of linings are channelizing efforts towards developing partnerships with end users in order to better address the demand for specific requirements. Product customization is likely to remain a key differentiation strategy among key manufacturers in the global lining market. Top players in the global linings market are The Sherwin Williams Company, PPG Industries, Inc, Akzo Nobel N.V., Hempel A/S, The Jotun Group, Solvay SA, Teknos Group, and STEULER-KCH GmBH.

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Key Segmentation

The linings market is segmented as given below:

By Product Type:

Polymer
Rubber
Ceramic & Carbon Brick Line
Tile Lining

By Chemistry:

Solvent borne
Waterborne
Powder

By End Use:

Marine
Oil & Gas
Construction
Power Generation
Chemical Industry
Automotive
Mining and Metal Processing
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
SEA
MEA
China
Japan
India

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Beyond the Bar: The Barware Market Raises a Glass to a CAGR of 4.9% by 2032

The barware market is clinking its way to a bright future, with a projected CAGR of 4.9% and a climb from US$ 6.2 Billion in 2022 to a cool US$ 10 Billion by 2032. Here’s what’s stirring the pot:

Home Bartenders Rise: More people are enjoying casual drinks at home, leading to a surge in the “house bar” trend. Owning stylish barware is no longer a luxury, but a necessity for the discerning host (and a sign of good taste, of course!).
Variety is the Spice of Life: From classic wine glasses to quirky shot glasses, the barware market offers a diverse selection for every type of drink. Materials go beyond traditional glass, with options like steel, wood, ceramic, and even colorful plastic.
Aesthetics Meet Functionality: Bars are constantly seeking unique barware to create memorable experiences. But it’s not just about looks – functional tools like ice shakers, mixing glasses, and strainers remain crucial for professional bartenders.
Cheers to All Occasions: Whether you’re hosting a fancy dinner party or a casual get-together, having the right barware elevates the experience for both host and guest.

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So, raise your glass (of whatever you fancy) to the growing barware market! It’s a sign that people are appreciating the finer things in life, even at home.

Beyond the Bar: The Rise of Barware as a Status Symbol and Stylish Essential

The barware market is shaking and stirring, and it’s not just about the rise of fancy cocktails at home. Here’s a look at the trends clinking their glasses to a growing industry:

Middle Class on the Rise: A growing global middle class with increased disposable income is fueling a desire for premium lifestyle experiences. Enter barware: a seemingly simple way to elevate everyday drinks and impress guests.
From Utility to Décor: Barware is no longer just about functionality. Stylish glassware and unique cutlery sets are seen as status symbols, adding a touch of luxury to any home. They’re becoming a popular choice for home decoration, not just for serving drinks.
The Gift of Good Taste: Giving barware as a gift is a rising trend, perfect for housewarmings, holidays, or any occasion where you want to show you care about the recipient’s taste and style.
Drinkers on the Upward Trend: More people are enjoying regular drinks at home, further boosting the demand for barware.
Bars Get Themed: Themed bars and restaurants are all the rage, and with them comes a growing desire for personalized barware. This unique touch adds to the overall customer experience, propelling the barware market forward.

Key Players:

Corelle
Lifetime Brands
Wedgwood
Shaze
Rachael Ray
Libbey
Williams Sonoma
Noritake
True Fabrications
Ikea
Cocktail Kingdom
Schott Zwiesel and Fiskars
Others

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Key Segments Profiled In The Barware Market

By Product Type:

Glasses
Tools
Chillers
Others

By End User:

Household
Bars
Restaurants
Others

By Region:

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani