Market Research Blog – Page 3179 – New Product Development

Air Brake System Market Set to Exceed US$ 3,003.5 Million by 2033 with a 3.6% CAGR

As per the reports published by FMI, the global air brake system market is estimated at US$ 2,108.8 Million in year 2023. The market value of the air brake system is anticipated to surpass a valuation of US$ 3,003.5 Million by the year 2033, advancing at a CAGR of 3.6%. A historical market valuation of US$ 2,025.7 Million has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

FMI has analyzed that there is a high demand for air-pressing piston applications, which is leading to rising in market share for air brake systems. Stringent regulations have been imposed by the government of developing economies to stop the vehicles that are serving as a major cause to boost the adoption of air brake systems across the globe.

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It is identified that the production of high-speed trains and developments made in the railway sector is a key demand driver for air brake systems in the current year. However, after an in-depth analysis of the market, it is witnessed that the high capital expenditure involved in the application of air brakes is still a burden on the industry. Furthermore, increased attention paid to electric vehicles is likely to impede the growth of the market during the projection period.

Key Takeaways from the Air Brake System Market

The market valuation of the air brake systems is projected to surpass US$ 3,003.5 million by the end of 2033.
An approximate surge of US$ 83.1 Million has been witnessed from the base year to the current in the air brake systems market.
The air drum brake segment by type category is identified to advance at a moderate pace, registering a CAGR of 4.4% through 2033. This segment is currently accountable for 67.5% of 2023.
The compressors by component type segment are expected to advance at a CAGR of 5.5% during 2023-2033.
The U.S. air brake systems market is accountable for 18.5% of market shares in the current year.

“With surging demand for speed in vehicles, lucrative growth avenues are getting unraveled for the air brake system manufacturers across the globe.” – Says an FMI Analyst.

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Competitive Landscape in the Air Brake System Market

The air brake systems market is fragmented, and the key players are deploying organic and inorganic growth strategies to compete in the market. The biggies are heavily investing in research and development activities to create advanced air brake systems for efficiently stopping vehicles and strengthening their foothold in the market.

Anand Group, Minda Nabtesco Automotive (P) LTD., WABCO, Airmaster Brake Systems, and Bendix Commercial Vehicle Systems LLC are some of the key players proliferating in the market.

Recent Developments

In February 2022, Knorr-Bremse AG initiated a long-term framework of a contract with Alstom for delivering braking systems, entrance, and climate control solutions for major projects of transportation. The company is estimated to deliver electro-pneumatic braking systems that include PistonSupply eco oil-free compressors, SysControl electronic brake control systems, and the FlexControl flexible brake control unit, sanding systems, and track brakes.
In June 2022, ZF Friedrichshafen AG launched an expanded facility across India. The facility is identified to be the largest hub of software for the ZF Group, which is anticipated to create extensive opportunities for jobs within the state of Hyderabad.

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Key Segments in the Air Brake Systems Markey

By Product Type:

Disc Brake
Drum Brake

By Vehicle Type:

Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle

By End Use Industry:

Aerospace
Automotive
Industrial & Manufacturing
Healthcare
Consumer Electronics
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

By Component:

Compressor
Governor
Tank
Air Dryer
Foot Valve
Brake Chamber
Slack Adjuster
Others

By Technology:

Anti-lock Braking System (ABS)
Traction Control System (TCS)
Electronic Stability Program or Electronic Stability Control (ESC)
Electronic Brake Force Distribution (EBD)

By Application:

On-Road
Off-road Vehicle)
Rolling Stock and Locomotive Electro-Pneumatic(EP)
Electronically Controlled Pneumatic (ECP)

Author

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

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

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

Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

Off-highway Electric Vehicle Market:

https://www.futuremarketinsights.com/reports/off-highway-electric-vehicle-market

Automotive ECU Market:

https://www.futuremarketinsights.com/reports/automotive-ecu-market

Autonomous Vehicles Market:

https://www.futuremarketinsights.com/reports/autonomous-vehicles-market

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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Plant-Based Butter Market Primed for Remarkable Growth by 2030

The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating the market to grow nearly 7.6% y-o-y in 2031.

The market for plant-based butter is rapidly rising as consumers seek healthier and more environmentally friendly alternatives to traditional dairy butter. Because of advancements in plant-based component technology, these butters have the same rich flavour and creamy texture as animal fat. The demand for plant-based products is increasing as people become more concerned about the environment and their health.

Vegan food and beverage sales are increasing as consumers become more aware of the negative health effects of animal-derived goods. Plant-based butter sales have increased dramatically as the market has grown in general.

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Key Takeaways Global plant-based butter market to exhibit CAGR exceeding 7.5% through 2030 Soy-milk based butter held nearly 40% share in 2020 Online retail distribution to register relatively faster growth, aided by benefits in terms of consumer engagement US to remain the largest market, pegging North America to surpass US$ 200 Mn in 2020“The plant-based butter market is a nascent phase and is being increasingly viewed as a high-potential product in the dairy alternative industry, as a healthy alternative to conventional fatty food products, which will aid growth in the market for the foreseeable future,” says a FMI analyst.

Covid-19 Impact Analysis The covid-19 pandemic has resulted in substantial changes in the dietary preferences of consumers around the world. Concerns over transmission of the virus through animal based products has aided the adoption of plant-based alternatives.

Also, plant-based butter can be sourced from oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk among others, allowing for a wider flavor range. While demand from the food service sector is likely to drop owing to lockdown restrictions, home consumption with sales through online sales is expected to rise.

The prospects of the plant-based butter market has widened since early 2020. As per the Good Food Institute, sales of plant-based foods surpassed that of animal based alternatives since the advent of the crisis, and will continue through the forecast period.

Who is Winning?The plant-based butter market is competitive and characterized by the presence of small and mid-scale players. Leading manufacturers are effectively leveraging demand for natural, clean label products, with the aim of geographic expansion and widening product portfolios for long term growth.

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Some of the leading players in the plant-based butter market include Conagra Brands Inc., Upfield Foods, Miyoko’s Creamery, Wayfare Food, Prosperity Organic Food Inc., Lyrical Foods Inc., Califia Farms, Premier Organics, Naturli Foods, Ekogram-the real food, Wildfriend Foods, The J.M. Smuker Co., The Leaviet Corp., Milkadamia, among others.

More Valuable Insights on Plant-based Butter Market

Source

Oat Milk Rice Milk Corn Milk Soy Milk Pea Milk Almond Milk Coconut Milk Cashew Milk Flax Milk Hemp Milk Others

Distribution Channel

B2B Hotels Restaurants Cafes B2C Hypermarket/Supermarket Convenience Stores Specialty Stores Mom and Pop Stores Discount Stores Food & Drink Specialty Stores Independent Small Groceries Online Retail Others

Region

North America (U.S. & Canada) Latin America (Mexico & Rest of LATAM) Europe, Middle East & Africa Asia Pacific (Greater China, South East Asia, Japan, India, South Korea, Australia, New Zealand)

Frequently Asked Questions

How will the plant-based butter market expand through 2030?
Which is the largest plant-based butter market?
How is COVID-19 impacting the plant-based butter growth projections?
Which are some of the prominent market players?

Key Segments

Source

Oat Milk
Rice Milk
Corn Milk
Soy Milk
Pea Milk
Almond Milk
Coconut Milk
Cashew Milk
Flax Milk
Hemp Milk
Others

Distribution Channel

B2B
- Hotels
- Restaurants
- Cafes
B2C
- Hypermarket/Supermarket
- Convenience Stores
- Specialty Stores
- Mom and Pop Stores
- Discount Stores
- Food & Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Others

Region

North America (U.S. & Canada)
Latin America (Mexico & Rest of LATAM)
Europe, Middle East & Africa
Asia Pacific (Greater China, South East Asia, Japan, India, South Korea, Australia, New Zealand)

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

Booming Growth: Ready to Drink Beverages Market Set to Hit US$ 28.0 billion by 2032 | Future Market Insights

Future Market Insights (FMI), a premier provider of market intelligence and advisory services, unveils groundbreaking insights into the thriving Ready-to-Drink Beverages Market, highlighting robust growth projections and enticing investment prospects. With a projected Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period, the global market is poised for significant expansion, having reached a value of US$17.4 Billion in 2022.

The Ready to Drink The beverage industry is rapidly expanding as busy lifestyles and convenience-driven consumption patterns grow more common. Consumers are increasingly lured to on-the-go solutions that offer a wide range of innovative and refreshing beverages in compact packaging. The market’s growth is being driven by shifting consumer preferences and increased demand for healthier, more functional beverage options.

Product innovation is a continuous process that has helped the global beverage market evolve over time. Soft drinks started with simple cola-flavored soda in the 1990s and have since expanded to include infused flavours, added antioxidants, and a variety of other characteristics.

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Rising flavor inspiration amongst the customers has also raised the demand for exciting flavors and more pleasant beverages in the market, which has generated various new concepts in the beverage industry, such as ready to drink beverages, functional beverages, infused beverages. Ready to drink beverage is gaining customer’s attention with its high nutritional value and vibrant flavor due to addition of more than one component in the ready to drink beverages.

The number of COVID-19 patients is increasing across the globe because of which the governments of various countries have extended their lockdown. All companies and factories are closed in lockdown which impacts the production of ready to drink beverages.

There is possibility of disturbance in supply chain because of limited production of ready to drink beverages in lockdown. Moderate growth rate is expected in ready to drink beverages market in next two years as world is facing economic crises. The COVID-19 is caused by animals so consumers prefer plant based products over animal based products.

The consumption of vegan ready to drink beverages is expected to grow rapidly in the forecast period.

Key Takeaways from the Ready to Drink Beverages Market Study

Recent research data suggests that the global prevalence of obesity has increased by more than 75% since 1980, while in the last twenty years it has tripled in developing countries and particularly, in low income countries. More than 1.1 billion adults are overweight, of which 312 million are obese. Thus, market players in food & beverage industry are highly focusing to embed healthy ingredients in their end products to develop insulin resistance, lower body fats and fluid lipid. In addition to this, ready to drink beverages also helps to suppress food intake together with increase in energy expenditure to reduce body fat.
Millennials are the target audience for the ready to drink beverage market. The health-conscious millennials continue to redefine ready to drink beverage market. Ready to drink beverages give them freshness as well as energy. They are generation of busy lifestyles because of which they look for convenient, simple ways to conform to healthy lifestyle. The attractive unique packaging design on ready to drink beverages are favourable for beverage brands to market their product to young population. The eye catching slogan or advertisement on social media is influential factor for millennials towards ready to drink beverages.

“The awareness of health and wellness is rising due to which the demand for healthy and nutritious ready to drink beverages is rising. The frequency of launching gluten-free, fat-free, organic and vegan ready to drink beverages is increasing as well. Coupled with these, innovations in both organic and conventional ready to drink beverages will drive the market,” said an analyst at FMI.

Attractive Packaging Drawing the Attention of Consumers

Large number of manufacturers are entering into ready to drink beverages market which creates intense competition. To stand out in the competition manufacturers are focusing on innovative and unique packaging styles to grab the attention of consumers.

Craft beers and sparkling soda brands are following the trend of premium packaging trend. Quality and sustainability are the most important point which impacts the sale of the ready-to-drink beverages market. There is an inclination towards cans and glass bottles in ready-to-drink beverages as it gives premium look.

Yugen which is a Belgian brand collaborated with Ball Corporation to produce a new range of Kombucha packaged in printed cans. Attractive and unique packaging draws the attention of consumers.

Who is winning?

A few of the leading players operating in the global ready-to-drink beverages market are PepsiCo, Fuze Beverage, Coca Cola, Danone, Kraft Foods, Keurig Dr Pepper, Inc., Campbell Soup Company and Abbott and other players.

Several leading manufacturers of ready to drink beverages are focusing on mergers and acquisition to expand its business geographical presence and to product portfolio. Leading players of ready to drink beverages are investing in research and development to produce innovative products of ready to drink beverages.

In 2017, Danone Group acquired White Wave Foods. The aim behind the acquisition was to strengthen the healthy and nutritious ready to drink beverages market in North America.
In January 2021, the Keurig Dr Pepper Inc. entered into a merger agreement with Maple Parent, which owns Keurig. The combined businesses created Keurig Dr Pepper Inc. (“KDP”) to expand distribution capability and reach virtually every point-of-sale in North America.

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READY TO DRINK BEVERAGES MARKET TAXONOMY

The global ready to drink beverages market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

By Product Type :

Tea
Coffee
Energy Drinks
Yogurt Drinks
Dairy Based beverages
Non-Dairy Based Beverages
Fortified Water
Others

By Nature :

Organic
Conventional

By Packaging :

Bottle
Tetra Pack
Sachet
Tin Can
Others

By Distribution Channel :

Supermarkets/Hypermarkets
Convenience Stores
Grocery Stores
Speciality Stores
Online retail

By Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Get Valuable Insights into Ready to Drink Beverages Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global ready to drink beverages market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the ready to drink beverages market based product type (Tea, Coffee, Energy Drinks, Yogurt Drinks, Dairy Based beverages, Non-Dairy Based Beverages, Fortified Water, & Others), nature (organic and conventional), packaging (Bottle, Tetra Pack, Sachet, Tin Can and Others), distribution channel (Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Speciality Stores & Online retail) across seven major regions.

Frequently Asked Questions

What is the growth rate of the Ready to Drink Beverages market?
What is the market’s forecasted outlook for 2022-2032?
What are the major industry drivers?
What are the key industry strategies of the global ready to drink beverages market?
What are the major regional markets for ready to drink beverages?
Which region consumes the highest amount of ready to drink beverages?
What are the most common types of ready to drink beverages in the market?
What are the market’s major distribution channel segments?
What are the Key companies operating in the market?

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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

Catering Food Warmers Market Anticipates Surpassing US$ 909.4 Million by 2033, Fueled by Strong 6.3% CAGR, According to Future Market Insights, Inc.

The catering food warmers market is positioned for significant expansion, with an expected valuation of US$ 493.7 million by 2023. This upward trajectory is anticipated to continue, fueled by a compelling Compound Annual Growth Rate (CAGR) of 6.3% from 2023 to 2033, according to insights from FMI.

In the context of the burgeoning global catering industry, these essential table-top appliances are poised to collectively reach an impressive valuation of US$ 909.4 million by 2033. Serving as integral components in both domestic and restaurant environments, catering food warmers play a crucial role in maintaining the optimal serving temperature of dishes, thereby enabling chefs and caterers to showcase their culinary creations at their finest.

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Distinguished by their portability, these catering food warmers often rely on chafing dish fuel to ensure the continuous warmth of the food. They constitute an essential aspect of efficient catering operations, allowing businesses to deliver exceptional dining experiences in a consistent and convenient manner. In a world where culinary artistry meets business acumen, catering food warmers are the unsung heroes behind every successful catering event, ensuring that each dish served is a masterpiece of taste and presentation.

The catering food warmers market is witnessing remarkable growth due to the growing use of these appliances in both homes and businesses. As the number of catering services around the world increases, the need for food warmers has gone up, leading to higher sales in the market. These versatile and effective devices play a crucial role in maintaining food at the right temperatures, ensuring its freshness and safety during various occasions, gatherings, or catering events. The expanding applications of catering food warmers across homes and industries, coupled with the rising number of catering businesses globally, are driving the demand and sales of these essential appliances.

Notable Insights from the Catering Food Warmers Market:

Electric warmers are projected to witness a substantial surge in demand over the coming decade, driven by their convenience and efficiency.
Online sales channels are expected to contribute significantly to the market’s revenue during the forecast period.
The U.S. accounts for around 68% of the global catering food warmers market, with an anticipated valuation of over US$ 127.6 billion in 2023.
Asia Pacific holds an approximate 18% share of the worldwide catering food warmers market.
China’s catering food warmers market is predicted to grow at a CAGR of about 6.3% in the next ten years.

Competitive Landscape:

The global food warmers market exhibits high competitiveness due to the presence of numerous local and regional players. Key companies are concentrating on providing cost-effective food warmer products to cater to end-user demands.

The top five manufacturers of catering food warmers, namely Robert Bosh, Samsung Group, Prestige, Bajaj Group, and Milton, collectively hold a market share ranging from 20% to 30% in the catering food warmers’ market.

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Key Players:

Robert Bosch
Samsung Group
Prestige
LG Corporation
Bajaj group
Milton
Nemco
Megaschef
Philips

Catering Food Warmers Industry by Category:

By Type:

Electric Warmers
Plastic Warmers
Electric Steamer
Steel Food Warmers
Chocolate Food Warmers

By End Use:

Residential
Commercial

By Sales Channel:

Online
Offline

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Author:

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

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

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

About Future Market Insights (FMI)

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

Global Cattle Grooming Chute Market Set to Reach US$ 787 Million by 2033, Fueled by 5% CAGR | FMI Projection

The cattle grooming chute market is poised for significant expansion, as emphasized by insights from Future Market Insights (FMI). Projections indicate a substantial rise in revenue, progressing from US$ 483 million in 2023 to an impressive US$ 787 million by 2033. This commendable growth trajectory is supported by a consistent Compound Annual Growth Rate (CAGR) of 5% throughout the forecast period.

The increased demand for cattle grooming chutes is driven by a combination of factors, reflective of the evolving dynamics in the dairy and livestock sectors. Notably, the global dairy cattle population is on the rise, fueled by the adoption of advanced agricultural practices among farmers. This surge in cattle numbers necessitates effective cattle management solutions that not only boost productivity but also prioritize the welfare of the animals.

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Additionally, there’s a growing awareness of the importance of low-stress cattle handling and hygiene in the industry. As the dairy sector expands, the focus on the health and comfort of cattle is becoming paramount. This shift is driving innovations in cattle squeeze chutes and grooming systems, ensuring that they are not only efficient but also gentle on the animals.

The growth of the cattle grooming chute market exemplifies the industry’s commitment to enhancing both productivity and animal welfare. As the dairy and livestock sectors continue to evolve, these solutions are instrumental in promoting efficient and humane livestock management practices. The market’s promising trajectory underscores its essential role in shaping the future of agriculture and livestock care.

Even experienced ranchers face difficulty raising, controlling, and grooming their cattle herds. From a distance, cattle often appear to be fairly calm, obedient, and placid. But when handled and given a shower, the cattle typically act in a completely different way.

Ranchers have long used cattle chutes to move and transport their livestock quickly and efficiently. Similarly, grooming chutes make it simpler for farmers to properly prepare their calves for livestock fairs.

Farmers are increasingly favoring the cattle grooming chute since it is difficult to control cattle when showering them because they are usually brave but also highly recalcitrant. Cattle, on the other hand, are susceptible to numerous illnesses. Therefore, it is crucial to practice proper hygiene. Cattle grooming chutes can make the chore of grooming the cattle much easier.

Key Takeaways:

The market in the United Kingdom is anticipated to grow at a CAGR of 5.4% through 2033.
The United States dominated the market in 2022, holding a 30.5% share of the global market.
The market in China is expected to grow at a CAGR of 4.0% over the forecast period.
Germany accounted for 19% of the global market in 2022.
Japan held a 5.3% share of the global market in 2022.

Competitive Landscape:

To increase their market share in the global cattle grooming chute market, these companies have used several tactics. Using both organic and inorganic development techniques, such as the launch of new goods, acquisitions, corporate expansions, and partnerships, they have increased their clientele and revenue.

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Key Players:

Zaklady Metalowe w Przysiekach Sp. z o.o
Arrowquip
Vansun Technologies Private Limited
Ramgaria Engg Works
Priefert
FARMTEC
Saralagro
Nasco
Provico
Dslivestock
high land livestock supply
hi-hog
Zeitlow Distributing Company

Market Segments Covered in Report:

By Size:

6 Feet
7 to 8 Feet
Above 8 Feet

By Material:

Aluminum
Steel

By Region:

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

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Author:

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

About Future Market Insights (FMI)

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

Commercial Oil Extraction Machines on Track for US$ 17,133.9 Million Market by 2033 with Steady 3.8% CAGR

Commercial Oil Extraction Machines Market

The commercial oil extraction machine market anticipated the valuation of US$ 11,800 million by 2023. Looking ahead, the market is positioned for sustained growth with a robust Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2033, projecting an impressive overall value of US$ 17,133.9 million by the year 2033.

Commercial oil extraction machines, available in a multitude of sizes and configurations, are intricately engineered to ensure efficient production and extraction of oils from a diverse array of sources. Whether extracting rich, aromatic oils from almonds, capturing the golden essence of sunflower seeds, or preserving the robust flavor of soybean seeds, these machines offer global producers versatility and reliability in their operations.

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Key Catalysts for Global Growth in the Commercial Oil Extraction Machine Market:

Surge in Global Oil Production and Export: The burgeoning worldwide production and export of diverse oil types, spanning vegetables, nuts, almonds, and sunflowers, stands as a major impetus propelling the commercial oil extraction machine market’s expansion.
Versatile End-User Applications: Commercial oil extraction machines cater to an array of sectors, including oil mills, pharmaceutical firms, food processing entities, and the personal care and cosmetics industry. The widespread adoption across varied domains contributes significantly to market augmentation.
Expanding Sectors Demand: The amplified presence of sectors like pharmaceuticals, food processing, and cosmetics fuels the requisition for commercial oil extraction machines. As these industries continue to grow, the market for these machines is expected to exhibit parallel expansion.
Emerging Economic Forces: The escalating oil production and export in emerging economies like India and China exert considerable influence on the commercial seed oil extraction machine demand dynamics.
Sustained Industry Trend: The ongoing trend of heightened global oil production and export is anticipated to persist over the forecast span, thereby nurturing the demand for commercial oil extraction machines.
Diverse Applications: The multifaceted nature of commercial oil extraction machines, capable of extracting oils from a wide spectrum of sources, bolsters their demand across diverse industries and geographical regions.
Rising Consumer Need: The escalating consumer demand for a myriad of oils, spanning various sources, bolsters the necessity for efficient commercial oil extraction machines.
Technological Progression: Innovations in technology and machine design have culminated in the creation of more efficient and potent commercial oil extraction machines, thus further propelling market growth.

Key Insights from the Commercial Oil Extraction Machine Market Analysis:

Preference for Automated Machines: The forecasted period is expected to witness a notable upsurge in demand for automatic commercial oil extraction machines, surpassing other machine types.
Dominance of Vegetable Oil Segment: Within application domains, the vegetable oil segment retains a significant share in the global commercial oil extraction machine market.
Persistent North American Leadership: North America is foreseen to maintain its leadership position within the global commercial oil extraction machine market.
Steady Growth in Indian Market: The sales of commercial oil extraction machines in India are poised for consistent growth across the forecast period.
Measured Expansion in China: The commercial oil extraction machine market in China is projected to experience measured growth, characterized by a moderate Compound Annual Growth Rate (CAGR) until 2033.

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Who is Winning?

Leading players in commercial oil extraction machine market include Gobind Expellers Company, United Oil Mill Machinery & Spares Private Ltd., Shree Balaji Engineering Works, Shree Balaji Engineering Works, Goyum Screw Press, Goyum Screw Press, Shreeji Expeller Industries.

Commercial Oil Extraction Machine Market by Category:

By Type:

Semi-automatic
Automatic

By Capacity:

Below 25 Ton/Day
25 – 50 Ton/Day
Above 50 Ton/Day

By Application:

Vegetable Oil
Mustard Oil
Sunflower Oil
Coconut Oil
Peanut Oil
Others (Almond Oil, Sesame)

By End User:

Agriculture Sector
Pharmaceutical Industries
Food Processing Industries
Cosmetic Industries

By Region:

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

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Author:

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

About Future Market Insights (FMI)

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

Global Cattle Head Catch Market Expected to Reach US$4.32 Billion by 2033 with a Steadfast 7.1% CAGR

The global cattle head catch market was estimated to surpass valuation of approximately US$ 2.18 billion by 2023. The industry is further predicted to cross US$ 4.32 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 7.1% from 2023 to 2033. This anticipated expansion highlights the increasing significance of cattle head catch in modern dairy farming and livestock management practices.

As an integral component of advanced dairy farming equipment, the cattle head catch is experiencing widespread adoption across the industry. These innovative solutions provide a secure method of immobilizing a cattle’s head, facilitating essential tasks such as medication administration, tag changes, and precise health assessments. Whether used for routine check-ups or critical veterinary procedures, the cattle head catch plays a pivotal role in ensuring the overall well-being and health of these valuable livestock.

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The livestock industry is witnessing a surge in demand for humane and efficient cattle management practices, aimed at ensuring animal welfare and delivering high-quality outputs. Livestock owners are increasingly prioritizing the well-being of their animals, driving the need for top-notch equipment within the livestock farming sector. This growing emphasis is particularly pronounced in the expanding dairy industry.

In economies with a strong agricultural focus, the dairy sector is leading the way in adopting modern equipment. This shift is expected to play a pivotal role in driving the future growth of the market. The primary catalyst behind this transformation is the heightened awareness of the critical importance of maintaining the overall health and well-being of livestock animals. It is well-recognized that the health of animals directly influences their production efficiency.

Unlocking Potential: Key Product Types Fueling Growth in the Cattle Head Catch Market

Exploring Market Segments: Type, Application, and Region

In the dynamic landscape of the global cattle head catch market, the choice between self-catch and manual mechanisms stands as a pivotal factor. Contrary to common belief, the appeal of self-catch head gates may not always align with ease of use. Recent research has shed light on the challenges handlers can encounter when utilizing self-catch head gates. It has been revealed that such gates may pose greater difficulties compared to their manual counterparts, potentially leading to unfavorable cattle experiences and long-term handling challenges. Notably, chute shyness has emerged as a prevalent issue among cattle handlers in their ranching operations.

While the term “manual” has often been misconstrued in the context of head gates, innovative advancements from forward-thinking manufacturers have significantly reduced the labor-intensive nature traditionally associated with manual head gates. The latest generation of manual head gates not only offers a simplified operational experience but also outshines self-catch head gates in terms of efficiency and user-friendliness.

Pioneering the Way: The Dominance of the Livestock Industry in the Cattle Head Catch Market

Unveiling the Influence of Application

In the realm of applications, the livestock industry emerges as a formidable driver of revenue within the global cattle head catch market. This prominence can be attributed to the industry’s financial capacity to invest in cutting-edge farming equipment, leveraging substantial capital resources. Notably, the livestock sector boasts profit margins that consistently surpass its overall operating expenses, setting it apart within the market landscape.

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Key Companies Profiled:

Mid Valley Manufacturing Ltd.
Tepari
Schulte CattleQuip
Wertzberger Ranch Equipment LLC
Lakeland Farm And Ranch Direct
WW Manufacturing
S&B Custom Innovations

Market Segmentation Analysis:

By Type:

Self-catch
Manual

By Application:

Livestock Industry
Private Farm
Others

By Region:

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

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Author:

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

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

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

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

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

About Future Market Insights (FMI)

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

Natural Food Preservatives Market Surges to US$ 856.1 Million by 2032

The natural food preservatives market is expected to be valued at US$ 435.2 Million in 2022 and is projected to reach US$ 856.1 Million by 2032, growing at a CAGR of 7% from 2022 to 2032.

Increased demand for convenience items, along with an emphasis on organic food products, has resulted in a growing preference for long-lasting foods. As a result, natural food preservatives have become more popular than ever. Natural food preservative sales are expected to grow from 484.2 million US dollars at the end of 2018 to 796.5 million US dollars by 2028. The rapidly expanding consumption of packaged and processed goods is a crucial driver of revenue growth for the global firm.

People’s eating habits have changed as a result of urbanisation and fast-paced lifestyles, which make packaged and ready-to-eat foods more available. To enhance shelf life and prevent disintegration, processed food and beverage commodities must be stored using proper techniques and safe additives. As a result, demand for natural food preservatives is growing.

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Because of the negative effects of chemical compounds used in the preparation and processing of food and beverage commodities, the food and beverage industry is changing towards the use of natural food components. Because of the negative health effects of chemical additives, food and beverage companies are switching from synthetic to safer, natural food preservatives. The tough laws against the use of synthetic food additives established by governments around the world have also resulted in a prohibition on synthetic food preservatives in the F&B industry. This is yet another important factor driving the global growth of the natural food preservatives market.

Natural Food Preservatives Market Not Devoid of Challenges; Manufacturers Struggle to Contain Costs and Battle Latest and More Advanced Food Preservation Technologies

Although using natural food preservatives is beneficial for the general public’s health, the cost can be a major obstacle to the market’s long-term growth. Natural food preservatives are more expensive than synthetic alternatives since they require greater processing and production expenditures. Many mid-sized and small F&B industry companies limit their production to the use of synthetic and chemical-based preservatives due to cost reasons. The necessity for producers of packaged and processed foods to keep manufacturing costs in check is a significant revenue growth restraint in the global market for natural food preservatives.

Raw material pricing is another revenue puller. Natural food preservatives obtained from vegetables, fruits, and certain types of plants are priced according to the availability and production of raw material. Fluctuating prices of raw material impact operational efficiencies in the natural food preservatives market. Impact of unfavourable weather conditions on the availability of raw material further leads to inconsistent output, as most of the natural food preservatives are sourced from plants.

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Key Segments

Global Natural Food Preservatives Market – By Source

Plant
Animal
Microbial
Mineral

Global Natural Food Preservatives Market – By Product Type

Microbial Derived
Nisin
Natamycin
Rosemary Extract
Botanical Extracts
Natural Acids
Salts

Global Natural Food Preservatives Market – By Form

Powder/Granules
Liquid

Global Natural Food Preservatives Market – By End Use

Bakery
Confectionery
Dairy Products
Yogurt & Sour Cream
Cheese & Butter
Soups
Beverages
Dairy-based
Plant-based
Juices
Snacks
Jams & Spreads
Meat, Fish, & Poultry Products
Sauces & Dressings

Global Natural Food Preservatives Market – By Region

North America
Western Europe
Eastern Europe
Latin America
Asia Pacific excluding Japan
Japan
Middle East & Africa

Another challenge being witnessed in the global market for natural food preservatives is the emergence of newer and more advanced food preservation technologies that might render traditional preservation techniques obsolete in the near future. Techniques such as High-pressure Processing (HPP) – a cold pasteurisation technique that increases shelf life of food products and Pulsed Electric Fields (PEF) – a non-thermal technique that protects food from microbial spoilage through electric pulses are fast gaining traction in the natural food preservatives market. Older methods of preserving food using natural plant-derived preservatives is slowly losing significance, and this is expected to restrain revenue growth of the natural food preservatives market to a certain extent.

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Key Questions Answered in the Report

How much is the natural food preservatives market current worth?

Currently natural food preservatives market is worth more than USD 406.7 Mn.

At what CAGR is the market expected to grow?

Natural food preservatives consumption is expected to grow at a CAGR of around 7% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, natural food preservatives grew at a CAGR of around 6.1% during 2017-2021

What is boosting natural food preservatives sales?

The primary factor driving the growth of the natural food preservatives market is the rising demand for convenience items and an increasing focus on organic foods among people.

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments and production capacity expansion.

How much share does the top 5 companies hold?

The top 5 producers of natural food preservatives hold around 10-12% of the market share.

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

Hydrolysed Vegetable Protein Market to Grow to US$ 2,886.0 Million by 2033

The Hydrolyzed Vegetable Protein market is set for substantial growth, aiming to reach a projected value of around US$ 2,886.0 million by 2033, with an impressive value-based CAGR of approximately 7.2% from 2023. The dominance of top players, accounting for about 36.3% in 2022, signifies a competitive landscape driving innovation and market expansion.

Hydrolyzed vegetable protein has several health benefits, including better digestion, a lower risk of heart disease, and a stronger immune system. Products containing hydrolyzed vegetable protein are becoming increasingly popular among consumers who are willing to pay a premium for items such as hydrolyzed pea protein snacks.

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Over the past five years, consumer preferences have shifted towards plant-based protein. This is also due to improved health awareness, which has led to a greater demand for nutrient-dense foods. Some of the major companies have highlighted the benefits of hydrolyzed vegetable protein products for treating and preventing ailments often connected with obesity and high cholesterol, coinciding with an increase in health awareness. This has resulted in an increase in sales of soy, wheat, pea, rice, flax, and other vegetarian hydrolyzed protein products. Soy protein is by far the most commonly used of these. According to FMI’s projection, it will account for more than 39% of the market in 2021.

Key Takeaways from the hydrolysed vegetable protein Market Study

Hydrolysed vegetable protein market will showcase growth at a positive pace through 2031. It has been forecast to exhibit 5.3% Y-o-Y growth in 2021
In North America, the U.S. has emerged dominant, accounting for 80.8% share in 2021
UK will remain a key market, exhibiting 4.1% Y-o-Y growth in 2021
Germany and France to remain lucrative markets for hydrolysed vegetable protein in Europe
Healthy growth expected in Japan and South Korea, while dominance in East Asia is likely to remain with China

Product Development by Market Players to Spur Growth Opportunities

An increasing number of consumers across the world have been showing inclination towards vegan protein. This has been encouraging companies to invest in new product development based on hydrolysed vegetable protein. The rising demand for sustainable solutions has been paving way for innovation. Besides this, preference towards products with higher shelf-life has emerged as chief driver of innovations within the market. Resultantly, a slew of product launches has been recorded in the last few years, which are expected to aid the overall expansion.

For instance, in 2019, DuPont launched six new hydrolysed vegetable protein nuggets from its SUPRO and TRUPRO product range. These new products offer more protein and less sodium and are is suitable for the manufacturers of snacks, serials, nutrition bar and others. These hydrolysed vegetable protein products include SUPRO soy protein nuggets with cocoa range and TUPRO pea protein nuggets.

Who is winning?

A few of the leading players operating in the Hydrolysed vegetable protein market are Glanbia Plc., Cargill Inc., Kerry Group PLC, DuPont de Nemours, Inc., Tate & Lyle Plc., Fuji Oil Holdings, Inc., The Scoular Company, Wilmar International Limited, AMCO Proteins, Roquette Frères, Puris Proteins LLC, Burcon NutraScience Corporation, Axiom Foods, Inc., Ajinomoto Co., Inc., and others.

The hydrolysed vegetable protein based products market has witnessed rapid growth in the past few years. Surge in the demand for plant-based products has resulted in fierce competition among manufacturers, suppliers, retailers, and food brands. Due to increasing competition, players in the hydrolysed vegetable protein market are compelled to invest, innovate, and introduce new products.

This has resulted in the expansion of hydrolysed vegetable protein portfolio by some of the renowned market players. For instance, Kerry Company’s strategy is to target regions such as Asia, EMEA, and Latin America, for growth via expanding its production footprint and business development with key regional and local players.

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Get Valuable Insights into hydrolysed vegetable protein market

Product Type

Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Chia Protein
Flax Protein
Corn protein

Form

Chunks
Slice
Flakes
Granules

End Users

Household
Commercial
Industry
- Food Industry
  - Snacks & Functional Bars
  - Ready Meals
  - Sports Nutrition
  - Clinical Nutrition
  - Baby Food
  - Meat Analogues/Meat Extenders
  - Other
Animal Feed

Distribution Channel

Direct
Indirect
- Hypermarket
- Convenience Stores
- Traditional Store
- Online Retails

Region

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

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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

Low Voltage Motor Market Poised for US$ 75 Billion Boom by 2032 Driven by 6.7% CAGR | FMI Prediction

The low voltage motor market is poised for significant expansion, with projections from FMI indicating a notable Compound Annual Growth Rate (CAGR) of 6.7%, aiming for a substantial market value of US$ 75 billion by 2032.

These energy-efficient advancements, surpassing conventional motors by 2% to 8% in efficiency, not only promise substantial cost savings but also play a pivotal role in mitigating the carbon footprint of industrial operations. Meticulously engineered to adhere to the efficiency criteria outlined by the National Electric Manufacturers Association (NEMA), low-voltage motors exemplify an unwavering dedication to excellence. By consistently delivering output while minimizing power consumption, these motors emerge as indispensable components in the pursuit of sustainable and economically viable industrial practices.

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During the projected period, the worldwide low voltage market is expected to develop at a single-digit CAGR, with great potential in the next 4-5 years. To improve their production process, most manufacturers are increasingly focused on advanced technology and high-quality low-voltage motors, which has resulted in an increase in demand for advanced low-voltage motors.

Global Low Voltage Motor Market: Drivers & Restraints

With the rise in technological advancement, increasing demand for machinery across the world, and advantages offered by low voltage motors due to their efficient nature, the global low voltage motor market is anticipated to show robust growth during the forecast period. The growing consumption of low voltage motors by end-user industries will continue to drive the growth in the low voltage market over the forecast period.

In addition, stringent motor efficiency legislation and retrofits due to aging equipment are expected to impact the global low voltage motor market in a positive way.

Global Low Voltage Motor Market: Regional Outlook

Depending on geographic regions, the global low voltage motor market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2014, Asia Pacific dominated the global low voltage motor market owing to the growing consumption of low voltage motors by the automotive and electronics industry, in this region.

In addition, China is the largest country market for low voltage motors in the Asia Pacific and is poised to show strong opportunities for low voltage motors in near future. After Asia Pacific North America is projected to show vigorous growth in the global low voltage motor market, especially due to the increasing demand for low voltage motors in countries like the US and Canada, during the forecast period.

Global Low Voltage Motor Market: Key Players

Some of the major players operating in the global low voltage motor market are ABB, TECO-Westinghouse Motor Company, Siemens, Hyosung Power and Industrial Systems Performance Group, Anhui Wannan Electric Machine, ATB Group, Leroy Somer, LEZ Ruselprom, Luan JiangHuai, NIDEC, Regal Beloit, Shandong Huali Electric Motor Group, GE Industrial, Toshiba International, WEG, VEM Group, etc.

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The report covers an exhaustive analysis on:

Low Voltage Motor Market Segments
Low Voltage Motor Market Dynamics
Low Voltage Motor Market Size
Low Voltage Motor Market Supply & Demand
Low Voltage Motor Market Current Trends/Issues/Challenges
Competition & Companies involved
Low Voltage Motor Technology
Low Voltage Motor Market Value Chain

Global Low Voltage Motor Market: Market Segmentation

Product Type:

IE1 Low-Voltage Motors
IE2 Low-Voltage Motors
IE3 Low-Voltage Motors
IE4 Low-Voltage Motors

End-User Industries:

Low Voltage Motors for Food & Beverages
Low Voltage Motors for Mining
Low Voltage Motors for Automotive
Low Voltage Motors for Electronics
Low Voltage Motors for Textile
Low Voltage Motors for Other End User Industries

Region:

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

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Author:

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

About Future Market Insights (FMI)

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