Market Research Blog – Page 3128 – New Product Development

Bag Re-Sealer Market Poised for 5.5% CAGR Growth by 2033: Driving Factors and Future Opportunities

The global bag re-sealer market is projected to achieve a Compound Annual Growth Rate (CAGR) of 5.5%, reaching a market value of US$ 531 million. Several factors contribute to this growth:

Increased consumer awareness regarding food waste reduction drives market expansion, prompting the need for extending the shelf life of food products.
Growing demand for convenient household products like food and beverages, personal care items, cosmetics, and pharmaceuticals fuels the adoption of bag re-sealers.
The rising popularity of healthy and organic food products, coupled with technological advancements in bag re-sealing solutions, creates lucrative opportunities in the market.

Bag re-sealers play a crucial role in food packaging by preserving freshness. They are designed to be user-friendly and simple to operate. Additionally, many models are compact and lightweight, enhancing portability and storage convenience. Utilizing heat-sealing technology, these devices create an airtight seal, effectively preserving the freshness of packaged food items.

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What is Driving Demand for Bag re-sealer?

Since bag re-sealer is easy to use, therefore, its demand is growing in the market. Users can just press & pull the device across the chip bags, vacuum sealer bag cookie bags and other PE, PP, PVC bags.

Furthermore, many players add cutting tools in this bag re-sealer device to gain a competitive advantage in the market. This additional tool encourages the tourist to use such device in the travelling. It provides convince and greater security to the user along with maintaining food and snacks moderation without wasting.

For instance, iTouchless® launched an airtight bag re- sealer which is designed by industry experts. It provides an easy and fast method for re-sealing unused snacks and food portions and also comes with a magnetic base for convenient storage. This advancement helps the player to strengthen its presence in the market.

Portable & Compact Size and Affordable Price Likely to Augment Bag re-sealer Sales

The flexibility and the demand for packaging devices have increased over time. The freshness and quality of the food are the utmost important factor to the customer. Plus, immediate packing is the need for time. Thus, bag re-sealer works effectively to pack the plastic bags.

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Key Segments

By Material Type:

ABS(Acrylonitrile butadiene styrene)
Plastic
Other

By Price:

Under US$10
US$10-US$20
US$20-US$30
US$30-US$40
US$40-US$50
Above US$ 50

By Distribution Channels:

Direct Sales
Hypermarkets/ Supermarkets
Specialty Stores
Online retailing
Others

By Region:

North America
- USA & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other 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

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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Methyl Ethyl Ketone Peroxide Market Poised for US$ 5 Billion Boom by 2028: Fueled by Polymer & Composite Demand

The global methyl ethyl ketone peroxide (MEKP) market is projected to grow at a CAGR of around 4.8% to 5% during the forecast period from 2022-2032, totaling nearly US$ 5 billion by 2028. The future looks bright with this particular chemical that can be used in various industries including manufacturing & construction.

Rising use of methyl ethyl ketone peroxide in polymer and composite assembling is driving development in the worldwide methyl ethyl ketone peroxide market.

Methyl ethyl ketone peroxide (MEKP) is a sort of natural peroxide. It is a dreary fluid sleek in nature. Methyl ethyl ketone peroxide (MEKP) is profoundly delicate for shock, grinding, fire, heat, and different wellsprings of start, in this way the creation of methyl ethyl ketone peroxide is a hazardous cycle, and it needs severe following of wellbeing standards underway, stockpiling and transportation of methyl ethyl ketone peroxide (MEKP).

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Methyl ethyl ketone peroxide (MEKP) is fabricated from hydrogen peroxide and methyl ethyl ketone, in a controlled response climate. Methyl ethyl ketone peroxide (MEKP) is significantly utilized in tar and polymer industry as a relieving specialist or as a solidifying specialist. It goes about as an impetus for commencement of relieving response in different polymers and composites.

Market Dynamics of Methyl Ethyl Ketone Peroxide (MEKP) Market

Increasing polymer and composite industry is expected to push the growth of methyl ethyl ketone peroxide (MEKP) demand

Increasing demand for lightweight and high performance materials is driving the demand for composite materials from various industries including automotive, transportation, aerospace, defense, and other manufacturing. Growth in demand for composites and FRP is expected to boost the demand for curing agent which will in turn accelerate demand for methyl ethyl ketone peroxide (MEKP).

Methyl ethyl ketone peroxide (MEKP) is also used in the manufacturing of acrylic acid, which has large demand from various industries. Therefore rising acrylic acid market demand is expected to push the demand for methyl ethyl ketone peroxide (MEKP), during the forecast period

Explosive properties of methyl ethyl ketone peroxide (MEKP), and increasing safety norms by various countries, may impact the potential growth on the methyl ethyl ketone peroxide (MEKP) market

Methyl ethyl ketone peroxide (MEKP) is highly flammable and explosive in nature, therefore, risk is included in the production and handling of methyl ethyl ketone peroxide (MEKP). Increasing safety rules and regulations related to material handling and use may impact on growing opportunities for methyl ethyl ketone peroxide (MEKP) market.

Presence of alternative curing agents in the market is one of the big threat for the market growth, however, some of the properties of methyl ethyl ketone peroxide (MEKP) are favored by the composite and polymer manufacturers.

Methyl ethyl ketone peroxide (MEKP) market trends: Contracts and agreements for long term relationship the customers and expansion are the major strategies followed by the market players

Increasing number of small scale players, especially in China and other Asian countries, is intensifying the competition amongst the manufacturers of methyl ethyl ketone peroxide (MEKP) to sustain in the market. Manufacturers are therefore focusing on the long terms contracts and agreements with the customers, for the supply of methyl ethyl ketone peroxide (MEKP). Expansion of the production capacities for meeting the increasing demand form high growth regions, has also been witnessed by the methyl ethyl ketone peroxide (MEKP).

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Key Segments Profiled in the Methyl Ethyl Ketone Peroxide (MEKP) Industry Survey

By Function:

Raw Material
Curing/Hardening agent

By Application:

Polymer Manufacturing
Composite Manufacturing

By Resin Type:

Polyester Resins
Vinyl Ester Resin
Other Resin

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

About Future Market Insights (FMI)

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

Increasing demand for Nutritious Options, FMI foresees the Almond products Market surpassing US$ 15,2484 billion by 2033

The almond product market is predicted to develop at an impressive 6.3% CAGR from 2023 to 2033, exceeding the lower 2.5% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in the use and demand of almond products in the market, increasing the market value from US$ 8,2628 billion in 2023 to US$ 15,2484 billion by 2033.

The market for almond products is expanding as a result of the increasing number of almond-based product launches by rival companies, particularly in the food and beverage sector. The market for almond products is expanding profitably due to several causes, including the rising demand for almond products brought on by customers’ preferences for gluten-free and plant-based goods and companies’ promotion of the nut ingredient sector.

The market for almond products is expanding as consumers desire more goods with good nutrition and for their health. This demand is being driven by nations like Germany, the United States, and the United Kingdom, which have aging populations and a high prevalence of obesity. The increased risk of chronic diseases, greater health awareness, and altering lifestyles are significant market growth drivers.

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Key Takeaways

India’s almond product market is going to exhibit a remarkable CAGR of 26.1% by 2033, demonstrating significant growth in demand for almonds within the country
Steady growth in almond consumption is going to be witnessed in the United Kingdom by 2033, with a CAGR of 3.6%
China has a compound annual growth rate of 4.5%, according to the 2022 global market.
Australia’s almond product market has gradually increased almond consumption, with a CAGR of 2.9% from the 2022 forecast.
Japan has experienced a CAGR of 5.6% from the 2022 Global market forecast. This has shown a healthy increase in growth rate.

Competitive landscape

Global corporations with broad distribution networks and well-known brands, including Blue Diamond Growers, Olam International, and Wonderful Pistachios & Almonds LLC, hold sizable market shares. Targeting retail customers and the food service industry, these businesses provide almond products, including whole almonds, almond butter, almond milk, and almond flour.

New product introductions and ongoing product innovation define the market. Companies spend money on R&D to create new formulas, flavors, and textures for their almond products. They also adapt to changing nutritional trends, including vegan, plant-based, and allergen-free options, to appeal to a broader customer base.

Partnerships and collaborations between almond product manufacturers, retailers, food service providers, and internet platforms further alter the competitive environment. These partnerships aid in widening distribution networks, raising brand awareness, and reaching new customer demographics.

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Recent developments:

The Butternut Co., India’s first manufacturer of energy balls and nutritious nut butter, recently added almond butter to its retail selection. Since the company’s start, it has produced a variety of nut butter that have become common grocery items. The Butternut Co. launched a new line of natural nut butter in response to the desire for an equally delectable but healthier sweet substitute.
Almond milk is one of the popular plant-based libations produced by Califia Farms. They have released various cutting-edge almond-based items, including yogurts made with almonds and flavored almond milk. Additionally, Califia Farms purchases its almonds from ethical growers to emphasize sustainability and uses eco-friendly packaging materials.

Some of the key players in the almond products market are:

Archer Daniels Midland Company
Olam International Limited
Barry Callebaut Group
Repute Foods Pvt Ltd
Treehouse California Almonds
Blue Diamond Growers
The Wonderful Company
John B. Sanfilippo & Son
Borges Agricultural & Industrial Nuts
Savencia SA
Kanegrade Limited
Modern Ingredients
Royal Nut Company
Döhler GmbH

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Key Segments of the Almond Products Market

By Type:

Almond Milk
Whole Almond
Almond Paste
Almond Pieces
Almond Flour
Others

By Application:

Confectionery
Bakery
Sweet and Savory Snacks
Nut & Seed butter
Dairy
Confectionery
RTE Cereals
Milk substitutes & ice creams

By Distribution Channel:

Departmental Stores
Food & beverage manufacturers/suppliers
Online Retail

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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

Flourishing Horizons: Unveiling the FMI-Fueled Journey of the Functional Flour Market with a Resilient 9.2% CAGR till 2033

The global functional flour market is anticipated to be valued at US$ 79.9 million in 2023, forecast to grow at a CAGR of 9.2% through 2033. The market is to be valued at US$ 193.5 million by 2033. Growth is attributed to the increase in demand for premium food products.

From 2023 to 2033, the functional flour market is anticipated to expand significantly at a CAGR of 9.2%. Changing consumer lifestyles and rising consumer demand for premium food items, driven by the quest for taste and health benefits, give significant potential for market expansion. Furthering the market’s optimistic outlook are increased government rules that support healthier choices and the popularity of gluten-free diets. However, strategic product innovation, efficient marketing, and quality control procedures are required to take advantage of the market’s enormous potential. These problems include those related to production costs, customer awareness, flavor perception, compliance with regulations, and competitiveness.

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Key Takeaways

The United States tops the group with a sizable growth rate of 24.5%, highlighting its dominance and good market performance in the examined industry.
China comes in second with a strong growth rate of 10.4%, demonstrating its enormous market potential and growing importance in the international scene.
India positions itself as a vital player and demonstrates its quick expansion in the business with a spectacular growth rate of 11.4%.
Germany exhibits consistent growth of 7.9%, demonstrating its durability and stability in the market.
With moderate growth rates of 9.8% and 3.4%, respectively, the U.K. and Japan stand out for their steady market performance and prospects for long-term corporate success.

Competitive Landscape

The market for functional flour is quite competitive, with many players competing on a local and regional basis. To keep up with changing consumer needs, the major market participants frequently innovate and launch new products. The following companies are some of the top rivals in the market for functional flour:

Cargill, Inc.:

Cargill is a leader in the food and agricultural industries on a global scale. The business provides a wide selection of beneficial flours, including alternatives that are gluten-free, high in protein, and packed with fiber.

General Mills, Inc.:

Producing a range of cereal, pastry, and snack goods, General Mills is a well-known food firm. Whole wheat, oat, and quinoa flours are among the functional flours that the business sells.

Associated British Foods Ltd.:

Several branded and private label goods are produced by the international food corporation Associated British Foods Ltd. A variety of beneficial flours, including high-fiber, low-carb, and gluten-free varieties, are available from the company.

The Hain Celestial Group Inc.:

Natural and organic food producer The Hain Celestial Group creates a range of food and beverage items. The business provides a variety of beneficial flours, including gluten-free, sprouted grain, and ancient grain alternatives.

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Market Competition

Some key participants in the global Functional Flour market include BASF SE, Songwon Industrial Co. Ltd., Cytec- Solvay Group, Clariant Corp., and Addivant, among others.

The market is highly competitive due to the presence of such a large number of participants. While global players such as BASF SE, Songwon Industrial Co. Ltd., Cytec- Solvay Group, Clariant Corp., and Addivant, among others, account for a considerable market size, several regional-level players are also operating across key growth regions.

Recent Developments

In October 2021, Cargill launched a rice flour-based maltodextrin substitute. Cargill’s new soluble SimPure rice flour is a clean label with a taste, texture, and functionality similar to maltodextrin. This ingredient can be used as a one-to-one replacement for maltodextrin.
In July 2021, Ulrick & Short launched a functional flour aimed specifically at improving viscosity, texture & structure in gluten-free bakery applications. The ingredient, called fazenda Nutrigel, is an addition to the company’s functional flour range launched in 2020. The ingredient acts as a viscosity regulator in bakery applications and has been designed to improve the moisture, softness, and structure in a range of products.
In June 2021, Limagrain Ingredients launched fiber-rich wheat called LifyWheat flour to counter Europeans’ low dietary fiber intake. White wheat flour is reportedly ten times richer in fibers than standard fibers and contains resistant starch.

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Key Segments Profiled in the Functional Flour Industry Survey

Functional Flour Market by Source:

Functional Flour from Cereals
Functional Flour from Legumes

Functional Flour Market by Type:

Fortified Functional Flours
Gluten-Free Functional Flours
Specialty Functional Flours
Other Functional Flours

Functional Flour Market by Application:

Functional Flour for Bakery Products
Functional Flour for Soups & Sauces
Functional Flour for Ready-to-Eat Products
Functional Flour for Other Applications

Functional Flour Market by Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Cannabis Drinks Market: Projected Worth Surges to US$ 8.3 Billion by 2032, Fueled by Increasing Demand for Health Benefits

The global cannabis drinks market is set to witness growth at a CAGR of 37.3% and top a valuation of US$ 8.3 Bn by 2032. Various health benefits, such as improved sleep patterns, weight loss, depression and anxiety reduction, blood pressure regulation, and others, are predicted to fuel global cannabis drinks growth over the forecast period (2022-2032).

Furthermore, demand for cannabis drinks is predicted to rise as the use of cannabis for neurological illnesses, epilepsy, cancer, and pain management grows. Similarly, the legalization of recreational or medicinal cannabis had a positive impact on the industry.

Hence, several leading companies operating in cannabis drinks market has expanded substantially, enhancing the variety and quantity of products available to end-users. This is expected to increase the demand for cannabis drinks by more than 20x through 2022 & beyond.

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Key Takeaways from Market Study

The cannabis drinks market is worth of US$ 0.4 Bn sales in 2022 and expand at CAGR of 37.3% between 2022 and 2032.
Global cannabis drinks demand is projected to grow year-on-year (Y-o-Y) growth of 20.2% in 2022.
India is expected to be the most lucrative cannabis market in South Asia over the assessment period.
In terms of product type, the alcoholic cannabis infused drinks segment is expected to record the highest CAGR during the forecast period.

“Cannabis drinks sales are increasing from regulated dispensaries, creating a multitude of options for specialized retailers to present appetizing and creative drinks, which are infused with active cannabis. In addition to that, distribution channels, which are allowed to serve cannabis drinks as the go-to-place for cannabis-based edibles, are likely to gain momentum in the upcoming decade,” says a Future Market Insights analyst.

Competitive Landscape

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

In December 2018, Ceria Grainwave, a THC infused non-alcoholic beer made its debut on dispensary shelves.
In 2017, the 3^rd largest beer manufacturer in the US, Constellation Brands, announced to a partnership with the largest marijuana grower in the world, Canopy Growth to develop cannabis drinks.

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Explore More Valuable Insights

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

The study offers compelling insights based on product type (alcoholic cannabis infused drinks and non-alcoholic cannabis infused drinks), component (tetrahydrocannabinol or THC infused drinks and cannabidiol or CBD infused drinks), flavor (unflavoured and flavoured), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.

Cannabis Drinks Market by Category

By Product Type, Cannabis Drinks Market is Segmented as:

Alcoholic Cannabis Infused Drinks
- Cannabis Infused Wine
- Cannabis Infused Beer
- Other Cannabis Infused Spirits
Non-Alcoholic Cannabis Infused Drinks
- Cannabis Infused Water
- Cannabis Infused Coffee
- Cannabis Infused Tea
- Cannabis Infused Juice
- Other Cannabis Infused Functional Drinks

By Component, Cannabis Drinks Market is Segmented as:

Tetrahydrocannabinol (THC) Infused Drinks
Cannabidiol (CBD) Infused Drinks

By Flavor, Cannabis Drinks Market is Segmented as:

Unflavoured
Flavoured
- Fruit
- Apple Cider
- Black Tea
- Butter
- Cappuccino
- Caramel
- Cheese
- Lemon
- Others

By Sales Channel, Cannabis Drinks Market is Segmented as:

B2B / HoReCa
B2C
- Hypermarkets /Supermarkets
- Food Specialty Stores
- Online Retail
- Others Retail Formats

By Region, Cannabis Drinks Market is Segmented as:

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

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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

Disposable Cutlery Market is Driven by Increasing Focus on Hygiene, Projected to Reach at a US$ 2.6 Billion by 2033

The global disposable cutlery market is expected to value US$ 2.6 billion by 2033. In 2023, the market size is anticipated to be US$ 1.6 billion. The CAGR during the forecast period is projected to be at 4.9%.

The manufacturers in the market are making use of biodegradable products to put a check on land pollution. Moreover, biodegradable disposable cutleries are affordable as compared to their non-biodegradable counterparts.

The COVID-19 pandemic has taught the world to focus more on hygiene. Owing to this, the food sector has been laying lots of emphasis on cleanliness. This has led to an increase in the demand for disposable cutlery as these are hygienic and wrapped when sold by manufacturers.

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The cloud kitchen market has been witnessing massive growth over the past few years. The US$ 65 billion worth of cloud kitchen market presents huge opportunities. The key players who are into cloud kitchens are making bulk purchases of disposable cutlery items. These are being given as complimentary products to the end customers.

The frozen food market is also expected to surge the sales of disposable cutlery during the forecast period. By 2025, the frozen food market is set to exceed US$ 320 billion. The wooden disposable cutleries are preferred as these are sturdy and the same time light as well. However, the adoption of plastic disposable cutleries is expected to challenge the growth as these lead to an increase in pollution.

FMI analysts are of the view that increasing focus on hygiene, application of biodegradable products, growth of cloud kitchen market and frozen food market, and number of other factors are expected to surge the disposable cutlery market during the forecast period.

Key Takeaways:

In 2023, the market size is likely to be at US$ 1.6 billion.
By 2033, the numbers are expected to be at US$ 2.6 billion.
The market is expected to record a CAGR of 4.9%.
On the basis of regional analysis, Asia Pacific is expected to hold the leading market share.
The United States market is expected to secure a CAGR of 3.8%.
The United Kingdom is projected to register a CAGR of 4.2%.
Germany market is anticipated to witness a CAGR of 3.9%.
India market is expected to advance at a CAGR of 7.8%.
China market is projected to post a CAGR of 6.8%.
On the basis of fabrication process, the thermoforming segment is expected to hold the leading market share, and is projected to expand at a CAGR of 4.5%.
On the basis of cutlery type, the dispensed cutlery segment is projected to hold the dominant position in the market, and is anticipated to advance at a CAGR of 4.4%.

Competitive Landscape:

The manufacturers who are operating in the disposable cutlery market are taking important steps toward sustainable development. Thus, there is an increasing effort toward adopting green products. The key players are also making massive investments in mergers and acquisitions to increase their market share. There are also lots of emphasis being laid on making use of the latest technology in order to produce the product of the right dimensions. Manufacturers are investing in research and development activities to focus on quality. The idea is also to invest in marketing and sales activity in order to increase awareness about the product.

In December 2022, Huhtamaki’s MSCI score was upgraded to ‘A,’ driven by improved management practices and decreased water intensity.

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Disposable Cutlery Market Segmentation

By Product Type:

Spoon (Plastic, Wood)
Fork (Plastic, Wood)
Knife (Plastic, Wood)

By Fabrication Process:

Thermoforming
Die Cutting
Injection Molding

By Cutlery Type:

Wrapped Cutlery
Dispensed Cutlery

By Sales Channel:

Direct Sales
Distributors
E-retail
Retailers (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Discount Stores & Warehouse/Wholesale Clubs)

By End Use:

Food Service Outlets (Hotels, Restaurants & Cafes, Quick Service Restaurants)
Institutional Food Services (Cinemas, Airline & Railway Catering, Schools & Offices, Hospitals)
Household Use

By Region:

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

About Future Market Insights Inc. (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

Konjac Flour Market: Forecasted Value Surges to US$ 1,441.2 Million by 2032, Fueled by Rising Demand for Gluten-Free and Low-Calorie Food Additives

The global konjac flour market is expected to secure US$ 993.9 Million in 2022 to US$ 1,441.2 Million by 2032. From 2022 to 2032, the market is expected to display a CAGR of 4.5%. During the forecast period from 2016 to 2021, the market exhibited a CAGR of 3.9%.

Konjac flour can be defined as a Glucomannan Powder which is pure soluble fiber with no calories, no starch, no sugar, no fat and no protein which is wheat free and gluten free. Konjac flour is used as an ingredient as a thickening agent in food preparation and additives in food & beverage industry.

Konjac flour is made from konjac plant roots, when konjac plants roots are matured, the roots are removed from the ground and peeled. Peeled roots are cut into pieces and dried by warm air, dried roots are then refined into a powder which separates the lighter components from the heavier flour, left glucomannan is used in noodles and other dishes.

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Konjac flour is an odorless, natural soluble fiber, which is found in the konjac plants. The food made from the corm of the konjac plant is widely known as konnyaku (yam cake) which is being cooked and consumed on daily basis in Japan. Research has found that konjac lowers down serum cholesterol levels and helps to delay the glucose absorption.

Benefits associated with konjac flour are expected to be the key factor propelling the global konjac flour. Advantages like improving skin health, lowering cholesterol, aiding weight loss, controlling acne, and others, are anticipated to augment the market size in the forecast period.

The increasing demand for nutritional supplements is rising at a fast pace in developing countries like India and China. Also, the growing interest of international players in increasing their production bases and product portfolio across Asian countries like India, China, Malaysia, and others owing to the presence of untapped market opportunities is predicted to further strengthen the regional market during the forecast period.

Role of Startups in Developing the Global Konjac Flour Market

Shileo, Umami Unites, Bubluv, Growthwell Foods, Good Food Technologies, and Shileo are some of the emerging names in the global Konjac market.

Increasing adoption of plant-based food is expected to benefit the market. For instance, Umami Unites, a Japanese startup is developing alternative-protein products, using Japanese ingredients. Such initiatives among new players are expected to favor market growth in the coming time.

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Competition Analysis

Key players in the global konjac flour market include Hubei Yizhi Konjac Biotechnology Co., Ltd, Zeroodle, Miracle Noodle, NAH Foods, Shanghai Brilliant Gum Co. Ltd, and Henan Xin Industry Co. Ltd. And Baoji Konjac Chemical Co., Ltd., NOW Foods.

Recent Developments-

In February 2021, Tsutomu Foods Co. Ltd. launched SoyNyack Gluten-Free Konjac Noodles which contain Soybeans in the United States. The product is low in calories and targets health-conscious consumers. The product is rich in dietary fibers and noodles are about 17 Kcal. The product has been manufactured in a sustainable way so that it is edible to health-conscious consumers.

Key Segments Profiled in the Global Konjac Flour Market

By Applications:

Food & Beverages
Agriculture
The Medical & Pharmaceutical Industry

By Function:

Gelling Agent
Thickener
Film Former
Emulsifier
Stabilizer

By Region:

North America
Latin America
Europe
Asia Pacific
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 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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Growing Mushroom Fermenter Market: Projected Worth Reaches US$ 2.4 Billion by 2032, Driven by Increasing Demand Across Food, Pharmaceutical, and Cosmetics Industries

The global mushroom fermenter market is set to witness growth rate of 5.6% over the forecast period (2022-2032), totaling around US$ 2.4 Bn by 2032.

Mushroom fermenter has a wider applicability in food and beverage, pharmaceutical, and cosmetics and personal care industries. It offers various benefits such as providing sufficient nutritional value to the food which boost the immune system. This is expected to result in an increasing demand for mushroom fermenter in the near future.

Alongside, the usage of mushroom fermenter in cosmetics industry is on a rise since past few years. Various products including skin care and hair care items such as anti-aging creams, skin whitening lotions, shampoo, conditioner, serum, hair dyes and others are made by using fermented product of mushroom mycelium. This is predicted to result in outperforming sales of mushroom fermenter over the next half decade.

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Furthermore, fermented mushroom is also used in various pharmaceutical products and ayurvedic medicines to fight tumour and various cardiovascular diseases. Comprehending the above-mentioned factors, demand for mushroom fermenter is predicted to escalate at a significant rate over the forecast period (2022-2032).

Key Takeaways from Market Study

By type, mechanical agitation segment is expected to hold the largest share of mushroom fermenter market by 2032.
Based on application, the pharmaceutical segment will be the most remunerative in the global mushroom fermenter market during the forecast period.
North America is expected to dominate the global market, accounting for the largest value share of about 25% in 2022.
The U.S. is expected to account for around 75% revenue share of North American mushroom fermenter market by the end of 2032.
Demand for mushroom fermenter to rise at a healthy pace across China during the forecast period.

“The trend of veganism and consumption of healthy foods involving maximum nutritional value is anticipated to drive the mushroom fermenter market growth in the coming half decade”, says a Future Market Insights analyst.

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Competitive Landscape

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaborations to identify the interest of potential buyers and create a larger customer base.

The presence of various prominent players such as Bioengineering AG, Eppendorf AG, DCI-Biolafitte, Sartorius AG, Infors AG, MARUBISHI I&E (M) SDN. BHD., Tongling Bio, Zhenjiang Ritai, and others have increased the competition in the market. Mushroom fermenter manufacturers are focusing on introducing a wide variety of products in order to increase their consumer base and gain a competitive advantage.

Global Mushroom Fermenter Market by Category

By Type:

Non-mechanical Agitation
Mechanical Agitation

By Application:

Chemical
- Flavors
- Fragrances
Food
- Nutraceuticals
- Food Additives
- Others
Pharmaceutical
- Antibiotics
- Antitumor Agents
- Cardiovascular Drugs
Cosmetics and Personal Care
- Skin Care Products
  - Anti-aging Creams
  - Anti-wrinkle creams
  - Skin whitening lotions
  - Moisturizers
- Hair Care Products
  - Shampoo
  - Conditioner
  - Serum
  - Hair Dyes
  - Others

By Region:

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

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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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Nandini Singh Sawlani

Barbituric Acid Market to Boom: Rising Demand in Pharmaceuticals, Plastics Drives 4.6% CAGR by 2032

The global barbituric acid market is poised for significant growth, with an anticipated size of approximately US$ 19.8 million in 2022. The increasing adoption of barbituric acid in diverse industries, including pharmaceuticals, plastics, polymers, and textiles, is expected to drive a steady compound annual growth rate (CAGR) of 4.6% from 2022 to 2032. Projections suggest that the overall demand for barbituric acid will reach over US$ 31.04 million by 2032, reflecting the compound’s expanding role across various sectors.

Barbituric acid comes across as an organic compound that could be categorized as one of the pyrimidines. It is used to produce plastics, pharmaceuticals (barbiturates), textiles, and polymers.

Barbituric Acid is used for manufacturing barbiturate drugs. Research states that these drugs do end up having a sedative effect on central nervous system. As such, it helps those contracting sleeping disorders.

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Also, seizures are driving utilization of barbiturate drugs like anticonvulsants, hypnotics, anesthetics, sedatives, and sleeping pills containing barbituric acid. It is also used for vitamin B2’s (riboflavin’s) and minoxidil’s laboratory synthesis. This is another factor driving the barbituric acid market in the near future.

At the same time, the fact that there are stern regulations in place regarding production of barbiturates drugs can’t be ignored. This factor is expected to restrain the barbituric acid market in the years to come. Plus, there are side-effects; which the Drug Abuse Prevention and Control monitors at regular intervals.

Key Takeaways from the Barbituric Acid Market

North America holds the largest market share with barbituric acid being increasingly adopted by the pharmaceuticals vertical along with increasing incidences of ailments like sleep disorders. This holds true for both – the US and Canada. Research states that barbituric acid acts as a remedy to insomnia. The American Sleep Apnea Association states that chronic insomnia does affect close to 10% of the Americans and the number is expected to rise even in the forecast period.
The Asia-Pacific is expected to witness growth at a faster pace in the barbituric acid market due to higher production as well as consumption of baribituric acid along with expansion of pharmaceutical and plastics verticals.

Competitive Landscape

The key participants in barbituric acid market include Ralington Pharma, Danopharm Chemicals Pvt. Ltd., Hebei Chengxin Co., Ltd., Sparchem, Hem Corporation, GFS Chemicals Inc., Hunan HoongQiang Chem technology Development Co., Ltd., Explicit Chemicals Pvt. Ltd., Zhengzhou Lifeng Chemical Co., Ltd., and likewise. They are into organic as well as inorganic modes of expansion to strengthen their foothold herein.

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Key Segments Profiled in the Barbituric Acid Industry Survey

By Grade:

Regular grade 98% (Industrial Grade)
High Purity Grade 99% (Pharmaceutical Grade)

By Application:

Pharmaceutical intermediate
Dye intermediate
Nutritional supplement

By End-Use Industry:

Plastics
Textiles
Polymers
Pharmaceutical
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Active Packaging Market Booming Invest in Smarter Solutions for Food & Pharma Industry US$ 43.3 Billion by 2027 | FMI

While the onset of the pandemic led to a slight downturn in demand for active, smart, and intelligent packaging within The next year witnessed a substantial rise in demand in the food and beverage and pharmaceutical industries, mostly due to the surge in demand for pharmaceutical supplies and vaccinations. Over the projected time, this rise is anticipated to drive the global expansion of intelligent, smart, and active packaging.

Growth Drivers:

Consumer Demand for Information and Safety: Concerns over product safety, authenticity, and information are growing among consumers. In order to satisfy consumer needs for safety and transparency, active and intelligent packaging systems deliver real-time data regarding product freshness, temperature, tampering, and expiration dates.
Advancements in Technology: Advancements in technology, namely in the areas of sensors, NFC (Near Field Communication), RFID (Radio-Frequency Identification), and QR codes, have made it possible to create complex active and intelligent packaging solutions. The market is growing because of these technologies’ improved communication, tracking, and monitoring capabilities.
Regulatory Compliance: Active and intelligent packaging solutions are becoming more and more popular as a result of strict laws pertaining to food safety, pharmaceutical authentication, and sustainability. These solutions support adherence to legal requirements and guarantee product integrity all the way through the supply chain.
Extended Shelf Life and Reduced Waste: Active packaging solutions, such as oxygen scavengers, moisture absorbers, and antimicrobial agents, help extend the shelf life of perishable goods, reducing food waste and spoilage. This sustainability aspect appeals to both consumers and manufacturers, fostering market growth.
Brand Differentiation and Customer Engagement: Active and intelligent packaging solutions offer opportunities for brand differentiation and enhanced customer engagement. Interactive packaging with augmented reality features, personalized messages, and product information enriches the consumer experience, driving brand loyalty and market expansion.

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Industry Restraints:

High Initial Investment: Implementing active and intelligent packaging solutions often requires significant upfront investment in research, development, and infrastructure. For small and medium-sized enterprises (SMEs) or businesses operating on tight budgets, this can be a major barrier to adoption.
Complexity and Integration Challenges: Integrating active and intelligent packaging technologies into existing supply chain systems can be complex and challenging. Compatibility issues, data management complexities, and interoperability concerns may hinder seamless integration, slowing down market growth.
Security and Privacy Concerns: As active and intelligent packaging solutions involve the collection and transmission of sensitive data, security and privacy concerns arise. Ensuring the confidentiality, integrity, and authenticity of data becomes paramount, especially in sectors like pharmaceuticals and personal care products.
Limited Consumer Awareness: Despite the potential benefits, many consumers remain unaware of active and intelligent packaging technologies and their advantages. Educating consumers about these solutions, their functionalities, and benefits is crucial for market acceptance and adoption.
Environmental Impact: Some active and intelligent packaging solutions involve the use of complex materials and electronics, raising concerns about their environmental impact and sustainability. Manufacturers need to focus on developing eco-friendly alternatives to address these sustainability challenges and mitigate negative environmental consequences.

Projected to grow at a CAGR of 9.8% from 2022 to 2027, the Global Active, Smart, and Intelligent Packaging Market is estimated to be valued at US$ 27.1 billion in 2022, with a forecasted reach of US$ 43.3 billion by 2027. This robust growth trajectory underscores the increasing adoption of advanced packaging solutions across various industries, driven by factors such as technological advancements, regulatory compliance requirements, and heightened consumer demand for product safety and information. The market’s expansion is expected to be further propelled by the surge in demand witnessed in key sectors like food & beverages and pharmaceuticals, particularly amid the COVID-19 pandemic.

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)

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