Electric Heated Shoes Market: Expected to Grow at a CAGR of 6.8% by 2033, Unveiling Future Growth Potential and Trends

Electric Heated Shoes Market
Electric Heated Shoes Market

As of 2023, the electric heated shoes market is projected to generate US$ 4.14 million. According to FMI, the market is expected to grow at a CAGR of 6.8% during the forecast period, reaching US$ 7.99 million by 2033.

With advancements in technology, batteries, and the increasing demand for eco-friendly materials, the electric heated shoes market is poised for rapid expansion. Particularly in colder regions, there is anticipated robust growth in the demand for non-rechargeable electric heated shoes, slippers, socks, and outerwear. Additionally, the emergence of technologies like USB-enabled and Bluetooth-enabled electric heater shoes will bolster the market growth for electric heated footwear.

The electric heated shoes designed for its applications in the geographical areas where the temperature is below zero degrees during all day and night. These areas include the northern part of North America, Europe, East Asia, and most importantly geographical area at the North Pole and the South Pole of the earth.

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The research and technological advancement in the production of new and innovative electric heated shoes have a higher supply of electric heated shoes in these dominating markets.

The countries from Asia regions have very limited access and demand for electric heated shoes as most of the countries in the Asia Pacific regions have warm climatic conditions throughout the year.

The electric heated shoes have the utmost importance in the cold regions as they are proven to be most effective and efficient to keep the foot warm is such freezing temperature.

The sensor called a negative temperature coefficient sensor is used to determine the outer temperature and an electrical circuit and module control the inner temperature of the footwear proportionally.

Global Electric Heated Shoes Market: Regional Outlook

The demand for electric heated shoes is dominated by northern regions of Europe and America respectively backed by both production and usage in these regions.

The research and technological advancement in the production of new and innovative electric heated shoes have a higher supply of electric heated shoes in these dominating markets.

The countries from Asia regions have very limited access and demand for electric heated shoes as most of the countries in the Asia Pacific regions have warm climatic conditions throughout the year.

The improved material quality and use as well as adaptation of advanced technology and increasing penetration of electric heated shoes in the footwear industry will further support the global electric heated shoe market in these regions.

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Key Players

The market participants operating in the global electric heated shoes market are identified across the value chain include

  • Volt Electric
  • ValueRays
  • ThermaCELL
  • Snookiez
  • Shantan
  • HMSPACE
  • Warmer Shoes
  • Kamlif

Opportunities for Market Participants in the Global Electric Heated Shoes Market

The demand for electric heated shoes is increasing from the customers living in the cold regions of Europe and North America.

The electric heated shoes are one of the most effective product for the customers to ensure their foot keep remain warm in the cold weather where the temperature often falls below zero degree Celsius.

The demand for electric heated shoes is also increasing form the tourism industry, as the people who are not familiar with very cold weather and regions are dependent on the electric heated shoes to keep their feet warm in such freezing temperatures.

The people around the globe are following the emerging trend of exploring the northern countries with very cold climatic conditions.

These countries are becoming the most attractive tourist destinations for travel enthusiastic people around the globe. Such an increase in tourism in the cold regions is creating more lucrative opportunities for the manufacturers to target these customers seeking for electric heated shoes in the market.

Market Segmentation

By Footwear type

  • Electric Heated Boots
  • Electric heated Slippers
  • Others

By Product Type

  • Rechargeable
  • Non-rechargeable

By region

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

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.

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Curcuma Longa (Turmeric) Root Extract Market Poised to Reach US$ 178.32 Million Market Share by 2032

Curcuma Longa (Turmeric) Root Extract Market
Curcuma Longa (Turmeric) Root Extract Market

The curcuma longa (turmeric) root extract market is poised to record a CAGR of 8.5% over the forecast period. Anticipated to surge to a market share of US$ 178.32 million by 2032, up from US$ 78.87 million in 2022.

The demand for Curcuma longa (turmeric) root extract is surging due to its widespread use in treating various illnesses such as gastric ulcers, inflammation, arthritis, hyperlipidemia, digestive issues, gastritis, and anxiety.

Derived from the root of the flowering plant, turmeric is commonly used as a spice in cooking, driving the increasing sales of Curcuma longa (turmeric) root extract in the market. Curcuma longa (turmeric) root extract contains the active ingredient which has antioxidant, anti-inflammatory, and antimicrobial properties.

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In the personal care industry, curcuma longa (turmeric) root extract is used in skincare, hair care, oral care, and nail care. Curcuma longa is a plant native to Asia region, especially India.

It is cultivated widely in India, China, Pakistan, Haiti, Taiwan, Nigeria, Bangladesh, Peru, Indonesia, Malaysia, and Thailand. In most of the countries, curcuma longa is used as a spices and flavoring agent for food preparations.

Since ancient times, curcuma longa has also been used as an herbal remedy for the treatment of various disorders due to its wide range of pharmacological activities.

Due to the unique properties of curcuma longa such as antioxidant, anti-inflammatory, hepatoprotective, antimicrobial, and anticarcinogenic personal care companies including curcuma longa (turmeric) root extract into their cosmetics portfolio to offer natural products. Turmeric is produced from the root of curcuma longa plant.

Curcuma longa (turmeric) root extract has antibacterial, decongestant features, and improves skin circulation. In skincare products, curcuma longa (turmeric) root extract helps in protecting skin against wrinkles, premature skin aging, and skin impurities owing to the presence of natural antioxidant.

Moreover, in the haircare application curcuma longa (turmeric) root extract helps in increasing density, volume, and beauty of hair with regular use. Curcuma longa (turmeric) root extract is also used in anti-dandruff products.

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Reasons for Covering Curcuma Longa (Turmeric) Root Extract Market Title

Consumers are demanding more from their personal care products. They are influenced by growing natural, health-consciousness, and treatment trends impacting the consumer buying behavior and overall beauty industry. Nowadays, consumers are rapidly inclining towards naturally derived beauty products.

Consumers, mainly millennials, are emphasizing more towards a healthy lifestyle and proactive in learning the value proposition of personal care products. These above mention factors influencing the growth of the curcuma longa (turmeric) root extract market in the near future.

Also, growing demand for herbal products, rise in consumer awareness regarding use of chemicals in cosmetics, and increasing personal grooming among consumers are some other factors fueling the growth of the curcuma longa (turmeric) root extract market during the forecast period.

However, side effects associated with products such as discomfort and allergy is one such factor that may hamper the growth of the global curcuma longa (turmeric) root extract market.

Increasing application of curcuma long (turmeric) root extract in personal care and cosmetics industry along with expanding mergers and acquisition activities among players are predicted to create the substantial potential for curcuma longa (turmeric) root extract market in the near future.

Global Curcuma Longa (Turmeric) Root Extract Market: Regional Outlook

The curcuma longa (turmeric) root extract market is anticipated to register significant growth across all the regions during the forecast period. The curcuma longa (turmeric) root extract market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.

South Asia region is expected to be the leading markets in the global curcuma longa (turmeric) root extract market followed by East Asia owing to high demand for healthy products, high consumption of curcuma longa (turmeric) root extract, and presence of key players in the region.

North America and Europe curcuma longa (turmeric) root extract market are expected to account healthy CAGR during the forecast period owing to the rise in demand for curcuma based ayurvedic skincare products in the region.

MEA is projected to be the most lucrative region in the global curcuma longa (turmeric) root extract market owing to increasing market penetration by prominent players along with expanding collaborations and strategic partnership with local players in the region.

Oceania region is likely to offer attractive opportunity in the global curcuma longa (turmeric) root extract market in the coming years. Attributed to rising in consumer desire for natural cosmetics and high potential customers in the region.

Global Curcuma Longa (Turmeric) Root Extract Market: Key Players

Some of the key players operating in the global curcuma longa (turmeric) root extract market are The Lubrizol Corporation, FLAVEX Naturextrakte GmbH, GfN & Selco, Evonik Nutrition & Care GmbH, Radiant Inc., Chemyunion, Salicylates and Chemicals Pvt. Ltd., and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on

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

Regional analysis includes

  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
  • Indonesia

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments.

Global Curcuma Longa (Turmeric) Root Extract Market: Segmentation

On the basis of nature

  • Organic
  • Natural

On the basis of the price range

  • High
  • Medium
  • Low

On the basis of application

  • Food & Beverages
  • Pharmaceutical
  • Personal Care & Cosmetics
  • Skincare
  • Hair Care
  • Oral Care
  • Nail Care
  • Others
  • Other Applications

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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Ventilation Fans Market: Anticipated to Reach US$ 7.4 Billion with 8.7% CAGR by 2033

Ventilation Fans Market
Ventilation Fans Market

In the historical period from 2018 to 2022, the ventilation fans market recorded a CAGR of 7.7%. Looking ahead, the global ventilation fans market is anticipated to witness a market value of US$ 3.19 billion in 2023, with expectations to reach US$ 7.4 billion by reflecting a CAGR of 8.7% in the forecast period from 2023 to 2033.

Rising awareness of the advantages of ventilation in residential settings is driving market expansion. Ventilation fans play a crucial role in maintaining optimal indoor air quality by dispersing and eliminating pollutants present within a space, significantly contributing to the health and comfort of occupants. These systems aid in the removal of pollutants and bacteria, as well as in reducing odors and moisture. In small apartments with limited windows, proper air circulation is often hindered, highlighting the necessity of effective ventilation solutions.

The ventilation fans are used for circulating the air in the buildings and are also known as mechanical ventilation, where a blower or fan is used to control the flow of air.

The ventilation fans are mechanically designed for the supply of the air in ducts and direct air transportation or air exhaust from the buildings. Typically there are two type of ventilation fans used in the buildings axial fan and centrifugal fans.

The modern ventilation fans has better aesthetics look and it also a centrally mounted unit, Although ventilation fans are mainly covered within a suspended roof and it is also easy to retrofit and it can be installed quickly and without any disruption.

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COVDI-19 crisis impact

The ongoing COVID-19 pandemic will act as a hindrance to construction activities across all end use sectors, with the industrial sector to take the hardest hit and capital investments to be subdued.

However, from retrofit aspect a marginal demand growth is expected to occur in the current year. Also, demand from healthcare facilities may generate a substantial demand. The growth recovery curve for ventilation fans market is expected between the next 4 quarters of the current fiscal.

Ventilation Fans Market: Regional Outlook

Europe has been a prominent regional market given the high number of medical industries and food & beverage in the region, which had contributed to a significant value of the global ventilation fans market.

As per the forthcoming, the scenario is likely to change with Asia Pacific is likely to drive the demand for the ventilation fans market.

The increased construction of the commercial buildings and industrial buildings in the region such as, hospital, school and office premises in past few years, has augmented the sales of the ventilation fans in the region.

North America is another prominent region which is expected to hold considerable share in the ventilation fans market on the back of enormous construction spending on commercial as wells residential buildings infrastructure in the region.

Latin America ventilation fans market is expected to record a decent growth over the foreseen year owing to increasing infrastructure investment.

The Middle East & Africa ventilation fans market is likely to witness a sound growth as compared to other with the regional countries implementing the natural ventilation system being economical in longtime run. South Africa and GCC countries could observe a high growth rate due to the infrastructure expansion across these countries.

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Market Participants

List of some of the prominent market participants in ventilation fans market are:

  • Panasonic Corporation
  • Continental Fan Manufacturing Inc.
  • Fuji Electric Co., Ltd.
  • Suiden
  • Mitsubishi electronics ltd.
  • SODECA
  • AEROVENT
  • Taiyo Electric Co., Ltd.

The research report on ventilation fans market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The ventilation fans market report also contains projections using a suitable set of assumptions and methodologies. The research report on ventilation fans market provides analysis and information according to market segments such as of product type, by installation and by material and by application.

The Ventilation fans market report covers exhaustive analysis on

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

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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Alternative Tourism Market Forecasted to Hit US$ 133 Billion by 2032 | FMI

Alternative Tourism Market
Alternative Tourism Market

The alternative tourism market is calculated to reach US$ 98 Billion in 2022. As per the report, sales are predicted to growat a robust 3% CAGR, with the market valuation attaining US$ 113 Billion by 2032.

People want to stand out, to do something different from what everyone else is doing, and to be recognised as unique individuals. Every year, the tourism sector promotes the same destinations to the travellers. People have done a lot of it already. A change from mass tourism to alternative tourism is occurring as a result of traveller’s constant search for novel experiences. This entails travelling to lesser-known destinations or undertaking activities that are uncommon for tourists, such as volunteering abroad or taking an unusual road trip. Alternative tourists have the perfect playground in cities that are now unspoiled by tourism.

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Alternative tourists frequently make more thoughtful decisions while making their vacation plans. They gain unique experiences, create priceless memories, and accomplish all of this in a way that is significantly more sustainable than when they participate in mass tourism. This has caused upsurge in the alternative tourism market as more and more travellers are searching more different but exciting options of travel. This trend is expected to continue in future times and hence, aid the growth of alternative tourism market.

“Government bodies taking constant efforts for uplifting the distinct types of tourism in their region while travellers wanting to explore new forms of tourism will help the sector’s growth” Says an FMI analyst.

Key Takeaways:

  • Based on Tourism type, Ecotourism is predicted to account for a dominant share of Travelers in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~75%.
  • Based on packages, Alternative tourism will experience an upsurge in independent travelers.
  • In terms of age group, 36-45 years and 46-55 years will be the major participants of Social Tourism.
  • Based on packages, Alternative tourism travelers will continue to opt packaged deals over the normal travel deals.

Leading players in Alternative Tourism Market:

  • Eurostar
  • SNCF
  • Deutsch Bahn
  • FlixTrain
  • Trenitalia
  • Renfe
  • Bouteco
  • Kind Traveler
  • Responsible Travel
  • Wild Frontiers Adventures Travel
  • Wilderness Holding Limited
  • Beyonder Experiences
  • Intrepid
  • Explore Tours
  • Exodus Travels
  • G. adventures
  • On-the-go Tours
  • Maharashtra Tourism
  • Lupine Travel Company
  • Chornobyl Tours
  • Dark tourism
  • Young pioneer tours
  • Aero travels
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Alternative Tourism Market by Category

By Type, Alternative Tourism Market is segmented as:

  • Ecotourism
  • Dark tourism
  • Volunteer tourism
  • Rural tourism
  • Others

By Booking Channel, Alternative Tourism Market is segmented as:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type, Alternative Tourism Market is segmented as:

  • Domestic
  • International

By Tour Type, Alternative Tourism Market is segmented as:

  • Independent Traveler
  • Tour Group
  • Package Traveller

By Age Group, Alternative Tourism Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Region, Alternative Tourism Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

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

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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Bicycle Tourism Market Sets Course for US$ 1291.3 Million Valuation by 2032 | FMI

Bicycle Tourism Market
Bicycle Tourism Market

As per a recent market research by Future Market Insights (FMI), the bicycle tourism market is expected to reach an evaluation of US$ 345.1 Million in 2022. Sales are projected to increase at a 14% CAGR, with the market size attaining US$ 1291.3 Million by 2032.

People around the world are becoming more and more aware of the environment and looking for various ways to reduce their carbon footprint to reduce the degradation of the environment. This has diverted people towards the use of bicycles, a more sustainable mode of transport.

A bicycle tour is an efficient way of tourism that involves exercising while being fun and adventurous. After the pandemic era, people are also getting more health conscious and looking for options to be in shape along with feeding their desire to explore different parts of the world.

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People want a break from their monotonous schedule after staying at their homes for a considerably high amount of time. The tour companies are coming up with new tour packages which include extra activities to satisfy the customer’s needs.

These packages are often preferred by tour groups wanting to utilize every bit of their energy to fulfil their hunger of tourism which include camping events, hiking events, yoga, meditation and many other activities. Furthermore, there has been a hike in the inflation after the pandemic and war which caused the increase in fuel prices and made the travellers choose bicycles as the primary mode of transport.

These factors has caused a tremendous impact on the bicycle tourism market by drawing traveller’s attention towards the benefits of utilizing bicycles as a mode of tourism. This trend is expected to grow in coming years as the need of sustainable travel and scarcity of fossil fuels will keep on rising.

“Rising awareness about sustainability and travellers getting more health conscious expected to boon the Bicycle tourism Market.Says an FMI analyst.

Key Takeaways:

  • Based on type of tourism, Touring/ Expedition predicted to account for a dominant share of Travelers in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~60%.
  • In terms of age group, demand in the youngsters in the age group 15-25 years and 26-35 years will continue gaining traction through 2032.
  • Based on packages, Bicycle tourism travelers will continue to opt tour group deals over the normal travel deals.
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Leading players in the Bicycle Tourism Market

  • Backroads
  • EcoBike
  • Escape Adventures
  • DuVine Adventures
  • Butterfield and Robinson
  • World Expeditions
  • Spice Roads
  • Exodus
  • Intrepid
  • G Adventures
  • Himalayan Glacier Adventure and Travel Company
  • Sarracini Travel
  • Arbutus Routes
  • Austin Adventures

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Bicycle Tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Bicycle Tourism by Type (Road Cycling, Mountain Biking, Family Cycling and Touring/Expedition) Booking Channel (Phone Booking, Online Booking & In Person Booking) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Packaged travellers, Tour Group) Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years, 66-75 Years) & Region – Forecast to 2017 – 2032.

Bicycle Tourism Market by Category

By Type, the Bicycle Tourism Market is segmented as:

  • Road Cycling
  • Mountain Biking
  • Family Cycling
  • Touring/Expedition

By Booking Channel, Bicycle Tourism Market is segmented as:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type, Bicycle Tourism Market is segmented as:

  • Domestic
  • International

By Tour Type, Bicycle Tourism Market is segmented as:

  • Independent Traveler
  • Tour Group
  • Package Traveller

By Age Group, Bicycle Tourism Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 56-65 Years
  • 66-75 Years

By Region, Bicycle Tourism Market is segmented as:

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

About Future Market Insights (FMI)

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

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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Connected Cars & Autonomous Future Drive Automotive Remote Diagnostics Market to US$ 108.2 Billion by 2034

The global automotive remote diagnostics market is expected to be valued US$ 108.2 Billion by 2034. According to forecasts, the market would grow at a stunning 17.40% CAGR through 2034. In 2024, the automotive remote diagnostic market is expected to be worth US$ 21,747.60 million.

The automobile remote diagnostics sector is quickly developing as linked and self-driving vehicles become more common. The installation of modern sensors and communication technology in these cars provides a multitude of data, making it an excellent environment for improved remote monitoring and diagnostics of vehicles.

This development provides enterprises with valuable opportunities to position themselves strategically by delivering creative solutions that meet the unique challenges offered by these complex, highly evolved automotive systems.

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Automotive Remote Diagnostics Equipment to Account for Leading Market Shares

While equipment and software both form integral parts of an automotive remote diagnostics, the study finds that equipment will continue to account for leading shares of the market, owing to associated periodical replacement and maintenance activities. On the other hand, software are installed in the equipment as first fit, and are renewed on the basis of subscriptions. This further alludes high-growth potential of software solutions in the automotive remote diagnostics market.

Automotive remote diagnostics market will continue to witness robust gains from the light commercial vehicles, compared to other vehicle categories. As the logistics and transportation sector gains increased traction, vis-à-vis growth of the ecommerce and warehousing industry, light commercial vehicles are expected to record relatively greater sales compared to their past statistics. This will create significant opportunities for players in the automotive remote diagnostics market.

Automotive remote diagnostics are expected to witness high demand in vehicle system & component access, and health tracking & diagnosis applications. These application requirements are comparatively higher in commercial vehicles, and with the rise in construction and infrastructure development activities, demand for the commercial vehicles, and in turn the automotive remote diagnostics will also rev up in the near future.

Europe to Remain Most Attractive Market for Automotive Remote Diagnostics

The study finds that Europe will continue to be the most lucrative market for automotive remote diagnostics, trailed by North America. The economic vigor and robust infrastructure development activities in the region allude at significant sales of commercial vehicles, along with passenger cars, which in turn continue to drive demand for advanced solutions such as the automotive remote diagnostics. According to the study, East Asia will also remain an attractive market for automotive remote diagnostics, with sales projected to grow at a CAGR of over 20% through 2028.

The automotive remote diagnostics market continues to remain consolidated, with leading players accounting for bulk shares of the market. Additionally, the complexity and extensive R&D investments required to provide a total solution continue to present significant entry barriers to new market entrants, which further underpins the supremacy of leading players in the automotive remote diagnostics market.

Key players operating in the automotive remote diagnostics market include Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.

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AUTOMOTIVE REMOTE DIAGNOSTIC MARKET TAXONOMY

The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

  • Equipment
  • Software

By Vehicle Type

  • Passenger Cars
  • Compact
  • Mid-Sized
  • Luxury
  • SUVS
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Application

  • Vehicle System & Component Access
  • Vehicle Health Tracking & Diagnosis
  • Service Assistance

By Region

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

Author

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

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

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

About Future Market Insights (FMI)

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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Boot Market: By 2033, Expected to Surpass US$ 59.85 Billion, Revealing Growth Trends and Opportunities

Boot Market
Boot Market

The global boot market is estimated to reach US$ 34.06 billion in 2023 and grow by 5.8% between 2023 and 2033. By 2033, the market is expected to surpass US$ 59.85 billion.

The demand for hiking and mountaineering products is being fueled by factors such as growing fashion awareness, rapid industrialization, and the increasing number of hikers and mountaineers. Boot sales are on the rise as consumers embrace fashionable designs, leading to increased product sales.

Birth of online retailers and the popularization of comfortable and fashionable boots are leading to the high demand of boots all aged people. The rise in the number of retailers selling footwear and the growth in the popularity of online retailing are causing the growth in consumer buying behavior.

There has been an increase in boot demand as a result of growing fashion awareness, rapid industrialization, and a rising number of hikers and mountaineers. The boots market is growing as consumers’ preferences for fashionable designs change, resulting in high sales. As consumer preferences change and fashion trends evolve, manufacturers can come up with more innovative and enhanced products due to a better understanding of brands.

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Key Takeaways from the Market Study:

  • The boot market is expected to register a CAGR of 5.8% over the forecast period.
  • From 2017 to 2022, the global boot market registered a CAGR of 3.9%.
  • Offline channels accounted for 68.80% of overall revenue, dominating the global boot industry.
  • 55% of worldwide revenue is anticipated to come from the regular boots in 2023, representing the leading market share.

Competitive Landscape:

Several prominent companies dominate this market, including Timberland LLC, Wolverine Worldwide, Woodland Worldwide, Dr. Martens Airwair, Red Wing Shoe Company, Church & Co. Ltd., R.M Williams, Sorel, Belstaff International Ltd., The Frye Company, and others.

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Small-to-medium-sized and unorganized players also make up the global market, which accounts for a significant share of the market. Most of these established players have extensive distribution networks around the world to reach out to their large customer base, which makes them significant players in the market.

Various strategic initiatives are being undertaken by the key players to drive revenue growth and strengthen their market position, including product launches, acquisitions, collaborations, participation in events, and expansions.

Recent Developments:

  • A collaboration between Vans and Timberland was initiated in December 2022 to commemorate Half Cab’s 30th anniversary. The partnership created Half Cab Hiking, which is technically a hybrid of a skate shoe and a hiking boot.
  • In December 2022, the footwear company Wolverine World Wide Inc. announced to start the process of licensing or selling its brands Keds and Wolverine. This was done by determining them to be low-profit contributors. In addition, it reduced the workforce associated with them.
  • Wolverine partnered with Halo to release a limited-edition set of shoes designed specifically for Halo fans. These shoes feature UltraSpring cushioning midsoles and have the number 117 imprinted on the outside heel.
  • In February 2022, Dr. Martens and A-COLD-WALL collaborated on two classic Dr. Martens boots – the Rikard 8-eye boot and the 3-eye shoe. The reflective side panels feature the A-COLD-WALL branding. These companies have collaborated in the past as well.

Boot Market Segmentation by Category

By Product:

  • Chelsea Boots
  • Regular Boots
  • Military Boots
  • Safety Boots
  • Others

By Distribution Channel:

  • Online
  • Offline

By Region Outlook:

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

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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Licensed Sports Merchandise Market: Projected to Record a CAGR of 4.9% by 2033, Unveiling Growth Opportunities and Trends

Licensed Sports Merchandise Market
Licensed Sports Merchandise Market

The size of the global licensed sports merchandise market has been estimated at US$ 35.12 billion in 2023 and is projected to record a CAGR of 4.9% from 2023 to 2033. By 2033, the size of the global market is scheduled to reach US$ 56.67 billion.

The main force behind the market expanding is the growth in the number of sports fans which in turn is fuelled by trend urbanization and increase in online retail industry. There is a higher number of national and international sports leagues which is possibly the key driver of the market.

Compelling Investment Drivers

The increasing popularity of items like phone cases, mugs, helmets, balls, key chains, and wallets among the youth, who passionately support their favorite teams, is poised to propel the growth of the licensed sports merchandise market in the foreseeable future. Additionally, the rising interest among young individuals in various national and international leagues is expected to stimulate the expansion of the licensed sports merchandise market.

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The global licensed sports merchandise market, including t-shirts, tops, sweatshirts, hoodies, jackets, bottom wear, caps, and hats, among other items, is expanding. Therefore, growing consumer buying power and increasing investments in sports licensing are driving the market’s expansion.

Market Potential

Government officials’ growing involvement in licensed sports merchandise boosts the market share of such products and creates additional chances for industry participants.

In addition, the massive fan bases for athletic events and leagues in many regions of the world due to television exposure generate profitable growth potential for the foreseeable future.

What Factors Bottleneck the Market?

One of the key inhibitors to the licensed sports merchandise market growth may be the prevalence of counterfeit sports merchandise across the globe. The forecasted growth of the market may be hampered by the rising cost of goods.

Due to the coronavirus outbreak, which has affected investments and disturbed the supply chain, it is anticipated that market growth may face difficulties. During the research time, one of the hurdles for the market may potentially be the strict government regulations governing licensed sports merchandise.

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Key Takeaways

  • With a share of roughly 33.7%, the Others category held the majority of the market by product type until 2033.
  • The product type category’s Others segment may expand at a CAGR of 7.3% between 2023 and 2033.
  • The offline sector’s revenue share in the distribution channel segment reached 70.6% over the predicted period of 2023 to 2033.
  • North America may capture close to 34.5% of the market with a CAGR of 6.7% from 2023 to 2033.
  • The licensed sports merchandise market in the United States is expected to be worth US$ 11.3 billion in 2023.
  • The Asia Pacific licensed sports merchandise market is expected to grow rapidly over the forecast period, with a 5.3% CAGR from 2023 to 2033.
  • China is expected to reach US$ 10.2 billion by 2033, rising at a 7.6% CAGR throughout that period.

Competitive Landscape

The licensed sports merchandise market’s leading players are concentrating on broadening and extending their product offerings. Mergers and acquisitions are key methods used by key players to obtain a competitive advantage, manufacturers are providing comprehensive services.

Recent Development

  • South Africa Rugby Union and Nike.Inc. Entered into a Collaboration

Nike.Inc and the South Africa Rugby Union agreed to a six-year collaboration in September 2022. (SARU). The agreement covers the Rugby World Cups for men in 2023 and 2027, and the first new set of Springboks jerseys from Nike is anticipated to be unveiled in July 2023.

  • India saw the release of Puma SE’s first dedicated app.

In India, Puma SE released its first dedicated app in June 2022. Puma released its app in India before any other nation to take advantage of the growing demand for branded athletic footwear and clothing there.

Key Segments

By Product:

  • Sports Apparel
    • T-Shirts And Tops
    • Collegiate Sports Apparel
    • Non-Collegiate Sports Apparel
  • Sweatshirts And Hoodies
    • Collegiate Sports Apparel
    • Non-Collegiate Sports Apparel
  • Jackets
    • Collegiate Sports Apparel
    • Non-Collegiate Sports Apparel
  • Bottom wear
    • Collegiate Sports Apparel
    • Non-Collegiate Sports Apparel
  • Others (caps, hats, etc.)
    • Collegiate Sports Apparel
    • Non-Collegiate Sports Apparel
    • Sports Footwear
    • Toys and Games
    • Others

By Distribution Channel:

  • Online
  • Offline
    • Supermarkets & Hypermarkets
    • Specialty Stores
    • Others

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.

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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Casein Market Poised to Reach US$ 4.9 Billion by 2033, Driven by Growing Demand in Cosmetics and Personal Care Industries

Casein Market
Casein Market

In 2023, the global casein market was worth US$ 2.7 billion. The market is predicted to increase at a CAGR of 6.3% from 2023 to 2033, reaching a value of US$ 4.9 billion by 2033.

Increasing industrial adoption of casein is driving casein market expansion over the forecast period. The growing relevance of protein in the diet is expected to boost casein market growth.

The growing global demand for protein-enriched foods is expected to drive casein market growth. This is due to increased awareness of the benefits of protein, such as weight loss and muscle gain.

Caseins are also becoming more popular in general nutrition due to their great ability to release amino acids gradually. Rising global cheese demand is expected to accelerate the expansion of the casein markets.

Price Hikes for Raw Materials May Hamper Market Growth

Consumer preferences for plant-based protein over dairy-based protein are likely to limit the market growth of caseins.  Another key restraining factor for the casein market is the variable supply of the product around the world, which is expected to further impede market expansion for casein.

Increasing manufacturing costs and raw material prices for the production of casein are expected to impede market expansion for casein during the forecast period.

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Asia Pacific is Projected to Offer the Largest Casein Market Opportunity

The casein market is being driven by rising disposable incomes and increased consumer health consciousness. The market may benefit from the expansion of big firms in important emerging economies. In the Asia Pacific region, India and China give significant growth potential for the industry’s leading producers.

The two countries’ rising populations are assisting industry expansion in the Asia Pacific area, particularly in the pharmaceutical and food & beverage sectors. The Asia Pacific region’s robust expansion is projected to have a beneficial impact on the global casein market.

The increasing number of R&D activities conducted by corporations and expanding developments in the industry are projected to move the industry forward.

Key Takeaways

  • Through 2033, the flavouring agent market is expected to grow at a function-type CAGR of 6.2%.
  • In terms of end use over the forecast period, the market segment for food processing has the highest CAGR of 6.1%.
  • By 2033, the United States market for casein may have climbed by 5.2% CAGR, reaching US$ 1.5 Bn.
  • The United Kingdom market may have expanded at 5.5% CAGR by 2033, reaching US$ 228.5 Mn.
  • China market might have developed at a 7.3% CAGR by 2033, expected to reach US$ 421.2 billion.
  • Japanese market for casein is predicted to grow at a 5.7% CAGR by 2033, reaching US$ 355.8 billion.
  • South Korean market for casein is expected to expand at a 6.7% CAGR by 2033, reaching US$ 198.5 billion.

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Competitive Landscape

Acquisitions and partnerships and collaborations were among the inorganic growth tactics observed in the market. With the increasing demand for casein in global market, market players are expected to benefit from attractive growth prospects in the future.

Nestlé, Danone, Arla Foods, Groupe Lactalis, Friesland Campina, Fonterra, and Westland Milk Products are among the market’s significant participants.

Recent Developments

  • Fonterra

The firm opened its new dairy ingredient plant in Heerenveen, the Netherlands, in February 2015. This new facility will manufacture whey and lactose specialty ingredients for use in paediatric, maternity, and sports nutrition products.

  • Saputo

In May 2015, the company bought Lion-Dairy & Drinks Pty Ltd.’s daily cheese business in Australia. Warrnambool Cheese and Butter Factory Company Holdings Limited, the company’s Australian affiliate, made the purchase (WCB). This acquisition will assist WCB in expanding its foothold in the Australian cheese products market.

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Key Segments

By Derivatives Type:

  • Sodium Caseinate
  • Calcium Caseinate
  • Potassium Caseinate

By End-Use:

  • Food
  • Yogurt
  • Cheese Processing
  • Ready-to-eat Meals
  • Dairy Products
  • Coffee Whiteners
  • Confectionary
  • Sauce & Seasoning
  • Meat Processing (Sausage)
  • Meat Products
  • Beverage
  • Pharmaceuticals
  • Infant Nutrition
  • Clinical Nutrition
  • Sports Nutrition
  • Personal Care
  • Skin Care
  • Hair Care
  • Cosmetics
  • Agriculture/Animal Feed/Poultry
  • Other Industries

By Function Types:

  • Texturizing Agent
  • Flavoring Agent
  • Coating Agent
  • Binding Agent
  • Emulsifying Agent
  • Heat Stabilizing Agent

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
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Pea Starch Concentrate Market Set to Reach US$ 1.99 Billion by 2033, Driven by Rising Demand for Plant-Based Protein and Sustainable Ingredient Solutions

 Pea Starch Concentrate Market
Pea Starch Concentrate Market

The global pea starch concentrate market is expected to be valued at US$ 1247.5 million in 2023 and reach a valuation of US$ 1987.4 million by 2033. The demand for pea starch concentrate is estimated to grow at a steady 4.8% CAGR.

There has been a huge uptick in the use of pea starch in both the food and starch industries around the world. Pea starch is widely used for many reasons, including its key performance and functional benefits, which range from simple processing to firm gels. Without sacrificing the food’s color or flavor, pea starch satisfies consumers’ demands for foods with great texture and flavor that are made with clean labeling and recognizable ingredients.

During the forecast period, opportunities may arise for the global pea starch market due to rising demand from the pet food industry and ongoing developments in the food and beverage industries.

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Increasing pea starch demand is being fueled by consumers’ penchant for allergen-free fare

Clean-label alternatives to modified starches have been developed and received more attention as health-conscious consumers around the world demand healthier food options. Clean-label starches are in high demand around the world because of the growing consumer preference for natural, minimally processed, additive- and antibiotic-free foods. The introduction of processed food items with pea protein as an ingredient increased dramatically in response to the rising demand for such foods. Since the demand for pea protein has been met, the supply of pea-based products derived from fiber and starch has increased.

The global pea starch market is expanding rapidly due to the growing demand for plant-based food options, nutritional supplements, and flexible eating patterns. As more and more people learn about the health risks associated with eating meat and dairy, the trend towards vegetarianism and the power of social media is having a significant impact on the expansion of the market. The increased demand for pea starch is a result of the increased demand for foods with higher nutrient density. With more people being diagnosed with food allergies like lactose intolerance and intolerance to meat, people are looking for healthier alternatives.

Key Takeaways

  • The demand for plant-based protein products is increasing globally, creating a growth opportunity for pea starch concentrate.
  • Pea starch concentrate is a sustainable and eco-friendly alternative to other starches, such as corn and potato starch.
  • The use of pea starch concentrate in pet food is on the rise as manufacturers seek to meet the growing demand for natural and healthy pet food products.
  • Pea starch concentrate is finding applications in the cosmetics and personal care industry as a natural and sustainable ingredient.
  • There is a trend towards sustainable packaging solutions, and pea starch concentrate is being explored as a potential sustainable packaging material.
  • Pea starch concentrate is being increasingly used as a functional ingredient in a variety of food products, including bakery, confectionery, snacks, and meat products.
  • The growing trend towards gluten-free and vegan foods is boosting the demand for pea starch concentrate.

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Competitive Landscape

The pea starch concentrate market is a fast-growing segment in the food and industrial ingredients industry, driven by its functional and nutritional properties. Pea starch concentrate is a versatile plant-based ingredient used in various applications, such as food, feed, and industrial uses. Its popularity stems from its unique properties, including its thickening, gelling, and binding abilities, as well as its nutritional benefits, such as being gluten-free, non-GMO, and allergen-free. As a result, it is increasingly being sought after as a natural and sustainable alternative to traditional ingredients.

Despite its growth potential, the pea starch concentrate market is relatively fragmented, with several small and medium-sized players operating in the market. However, there are a few dominant players that hold a significant share, including Roquette Freres, Emsland Group, Vestkorn Milling AS, Cosucra Groupe Warcoing SA, and Shandong Jianyuan Group. These companies have established themselves as key players in the market, leveraging their expertise and extensive distribution networks to stay ahead of the competition.

On the other hand, several emerging startups are entering the market with innovative products and technologies, leveraging advanced processing technologies and exploring new applications for pea starch concentrate to meet the growing demand for plant-based and clean-label ingredients. Notable startups in the pea starch concentrate market include PURIS, AGT Foods, Nutri-Pea, and Vestkorn, among others. These startups are disrupting the market with new and innovative products and technologies, making the pea starch concentrate market more dynamic and competitive.

Recent Developments

  • Gillco Ingredients and COSUCRA Inc., the American arm of COSUCRA Groupe WarcoingS.A., signed a distribution pact in May of 2021. The NASTAR native pea starch, SWELITE pea cell-wall fiber, and PISANE Organic pea protein are just a few of the specialty ingredients made from peas that Gillco is expected to be distributed to its end customers in the United States.
  • Delpharm Evereux and Roquette Frères teamed up in March 2021 to create a plant-based shell for a soft gel capsule. Vegetarian softgel made from hydroxypropyl pea starch, carrageenan, and other functional ingredients; formulated using Roquette’s LYCAGEL pea starch soft gel technology.
  • In March of 2021, Ingredion expanded its offerings of plant-based ingredients with the introduction of VitessensePulse 1853 pea protein isolate and Purity P 1002 pea starch. Each component comes exclusively from farms in North America that practice sustainable agriculture. Native to the United States, Purity P 1002 pea starch is a versatile ingredient that can be used to create the perfect texture in a wide variety of plant-based cheese, gelatin-free candy, and gluten-free baked goods.

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Key Segments

Product Type:

  • Yellow Peas
  • Green Peas

Nature:

  • Organic
  • Conventional

End-Use:

  • Sups & Sauces
  • Confectionery
  • Bakery
  • Breakfast Cereals
  • Ice-Cream & Desserts
  • Pasta & Noodles
  • Snacks & Savory
  • Processed Meat Products
  • Animal Feed
  • Pet Food
  • Pharmaceuticals

About Future Market Insights (FMI)

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

 Contact Us:

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