Market Research Blog – Page 3233 – New Product Development

Sustainability Growing popularity of natural ingredients and new product development creates exciting market opportunities | FMI

The Food Aroma Market is seeing rapid expansion, fueled by a rising desire from customers for distinctive and sensory-rich dining experiences. It is anticipated that developments in food technology and the growing global foodservice sectors will propel market expansion. Important drivers include rising disposable incomes, evolving consumer tastes, and a growing emphasis on natural flavors.

The food aroma market is anticipated to increase at a compound annual growth rate (CAGR) of 6.6% over the estimated period, according to FMI’s predictions. By the end of 2033, the industry is projected to have grown from US$ 842.14 million in 2023 to US$ 1,595.72 million.

The food fragrance industry is expected to grow significantly as a result of increased R&D expenses. Because customers are becoming more and more in need of a diverse range of meals and beverages, it is anticipated that the market would benefit from ongoing innovation.

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The growing trend in the market is the need for sustainable and organic food scents. Additionally, the growing demand for unusual cuisines and gourmet experiences is driving growth in the food aromas industry.

Strong demand for convenience foods has spread to developing nations as well, which has led to a corresponding increase in the need for food aroma. The demand for ready-to-eat meals is being driven by shifting consumer preferences and the fast-paced lifestyle of metropolitan residents.

Since food aroma products help enhance the aroma and flavor of food, they are gaining immense popularity. Additionally, the availability of innumerable food processing units across the globe is expected to be favorable for the market in the coming years.

Going forward, established companies and new entrants alike are moving toward sustainable natural aromas to cater to the increasing demand from the food industry. For instance, EvodiaBio, a startup, developed its proprietary aroma profile for non-alcoholic beers. The end product tastes as good as its boozy counterpart.

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

Beverages segment is expected to garner a large market share, with respect to revenue generation. The growing popularity of distinct aromas in the F&B industry is pushing the demand for food aromas in the beverages sector.
In 2022, the synthetic segment generated a revenue of more than US$ 530 million. The prime factor propelling the growth of this segment includes its less processing time of synthetic aroma substances.
On the basis of product, terpene grabbed a market value of US$ 390 million in 2022. The growing demand for terpene can be ascribed to its flexibility and abounding health benefits.
Europe region is estimated to register a CAGR of 6% during 2023–2022 for the market in focus. The booming dairy industry is predicted to create many growth opportunities for the food aroma industry.

Market Update: Food Aroma Industry Sees Significant Acquisitions and Collaborations

Taiyo International collaborated with ITO EN, which is a distributor of flavorful, authentic, and abundantly nutritious tea, in August 2021. Both companies came together to distribute high-grade matches to multiple industries, including beverage, food, and supplement in North America region.
Symrise procured Giraffe Foods Inc., a foremost producer of custom taste solutions for several food industries, in July 2021. With this acquisition, the former company is expanding its flavor and nutrition category in North America.
Kerry Group commenced operations at its production unit in India in June 2019. This facility is an investment meant for extending its taste and nutrition profiles

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Competitive Dashboard: Top Strategies Adopted by Leading Players:

Top players in the food aroma market are BASF, Hindustan Mint and Agro Products, Solvay, and Takasgo International Corporation. Several main companies are increasingly focusing on strategies to expand their consumer base across the globe. Take for example, in February 2021, a BASF subsidiary situated out of the Netherlands by the name of Isobionics started a distillation unit to produce new fragrances and flavors at Brightlands Chemelot Campus in the Netherlands. The novel distillation factory is expected to facilitate the company to expand its business whilst catering to its customers’ needs.

Companies are also concentrating their efforts on the development of natural and organic ingredients in light of the soaring consumer base for healthy and sustainable products. Additionally, investments are increasing in research and development activities to develop innovative and distinct food aroma products to satiate changing demand and preferences of consumers.

Top players partner with retailers and food manufacturers to develop and advertise new products. Apart from this, collaborations also help with expanding the customer base and enhancing market share. Another strategy commonly employed by key players includes mergers and acquisitions. The companies are merging and acquiring other companies to expand their access to new products, markets, and technologies, in order to expand their market share.

Food Aroma Market by Category

By Type, the Food Aroma Industry is Segmented as:

Natural
Synthetic

By Product, the Food Aroma Industry is Categorized as:

Benzenoids as Food Aroma
- Benzyl Acetate
- Benzoic Acid
- Vanillin
- Cinnamyl
- Benzaldehyde
- Others
Terpene as Food Aroma
- Limonene
- Pinene
- Myrcene
- Linalool
- Terpineol
- Others
Musk Chemicals as Food Aroma
- Muscone
- Musk Ambrette
- Musk Ketone
Others

By Application, the Food Aroma Market is Segregated as:

Beverages
Bakery
Dairy
Confectionery
Snacks
Other Applications

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Outlook Positive: Automotive Refinish Coatings Market Forecasts Growth to US$ 12.9 Billion by 2033

The global automotive refinish coatings market is expected to grow at a moderate CAGR of 5.1% from 2023 to 2033. The target market will reach a valuation of US$ 12.9 billion by 2033, rising from an estimated US$ 7.7 billion in 2023. As one of the largest industries in the globe, the automotive sector supplements the growth of the automotive refinishes coatings market. Automotive refinish coatings find extensive application in the automotive industry as it offers high-quality corrosion protection. Furthermore, numerous automakers provide a wide range of distinctive models each year which augments the demand for automotive refinish coatings in the automotive industry,

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Historically, the market expanded at a CAGR of 3.7% from 2016 to 2020 and is currently growing at a steady rate. The growing demand for automotive refinish coatings for 2023 to 2033 is driven by a rising consumer preference for improved appearance and durability of their vehicles. Consumers are increasingly focused on the maintenance of their vehicles which has resulted in increased investments in vehicular insurance that covers body shop paints and coatings and repair costs among others. In addition to this, prevailing trends in the automotive refinish coatings market, technological advancements, and continuous product development aimed at improving the performance of refinish coatings will propel the market forward during the assessment period.

An upsurge in the production of automobiles as well as surging ownership of vehicles also contribute to the growth of the automotive refinish market. Due to an increase in per capita income, more and more people are spending on luxury and executive cars which are driving aftermarket to refinish the coatings. Again, from 2016 to 2020, the automobile market observed high production and sales of vehicles. In 2018, over 70.5 million passenger cars and 95.6 million units of all types of vehicles were produced. This impressive growth in vehicle fleet also propelled the sales of the automotive refinish coatings market. Moreover, rising concern for the environment and various sustainability drives have led to a greater demand for eco-friendly and sustainable refinish coatings which will open up new avenues of growth for the market in the forthcoming years.

Key Takeaways:

Rising interest in vehicle care will strengthen the prospects of the automotive refinish coatings market.
In 2023, the automotive refinish coatings market in the US will grow by 6.01% year-on-year rate and reach US$ 2.4 billion.
Germany will account for 38% of the automotive refinish coatings market share in Western Europe.
By material type, the acrylic-based coatings will register a 6.9% CAGR and account for 44% of the market share.
By type, the primers and base coat segment will collectively dominate the market with a share of 66.3%.

Competitive Landscape

Axalta Coating System LLC, 3M Company, AkzoNobel N.V., PPG Industries, Inc., and Dow Inc., among others, are a few of the key players in the automotive refinish coatings market profiled in the full version of the report.

In a competitive environment, leading market players are focusing on increasing their research and development efforts to produce new products. These enterprises also employ strategies that bolster production capacity as well as mergers and acquisitions to enhance their market footprints. For instance, Axalta Coating Systems, a leader in liquid and powder coatings, declared the acquisition of U-POL Holding Limited in September 2021.

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More Insights Into Automotive Refinish Coatings Market

FMI offers an unbiased analysis of the global automotive refinish coatings market in its latest report, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. The report provides a ten-year sales with insights into market drivers, restraints, trends, and opportunities. To understand the global market potential, growth, and scope, the market is segmented on the basis of material type, product, vehicle, technology, end-user, and region.

According to FMI, based on segmentation, the passenger car vehicle type will create high demand for the automotive refinish coat market. Increasing demand for passenger cars will lead to rising demand for refinish coatings for these cars thereby contributing to the overall market growth. Based on type, the primers and base coats segment will remain popular over the forecast period, collectively accounting for 66.3% of the global market share. Based on region, Wester Europe will exhibit robust growth in the automotive refinish coatings market. This is due to Germany’s impressive performance in the automotive refinish coatings market. The country accounts for 38% of the Western Europe automotive refinish coatings share. This is primarily owing to the fact that Germany entertains the presence of some of the leading automakers of the world. China, India, and the US are some of the other countries that will contribute to the global growth of the automotive refinish coatings market.

Automotive Refinish Coatings Market

By Material Type:

Polyurethanes
Acrylics
Alkyd

By Product Type:

Primer
Base Coat
Top Coat
Clear Coat

By Technology:

Solvent Borne
Water Borne
UV Cure

By Vehicle Type:

Passenger Cars
Compact
Midsize
Executive
Luxury

Commercial Vehicles:

By End Use:

OEM
Aftermarket

By Region:

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

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

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Growing popularity of natural ingredients and new product development creates exciting market opportunities | FMI

The Nutraceutical Ingredients Market is s steadily expanding, encouraged by a growing need for functional meals and supplements as well as a emphasize the importance of health awareness. The aging population, increased awareness of chronic ailments, and advancements in extraction technology are some of the factors driving this rise. Innovative ingredients and sustainable sourcing procedures are gaining traction in the market, signaling the potential for a healthier future.

It is estimated that the market for nutritious components would reach US$ 118.99 billion by 2033, up from US$ 53.61 billion in 2023. The probiotics nutraceutical product type is predicted to hold the biggest market share in terms of value in the nutraceutical ingredient market for the duration of the forecast period.

The demand for functional food components is increasing

It is anticipated that within the projected time frame, the government’s heightened focus on combating undernutrition and hunger in emerging nations will encourage the market expansion for nutraceutical ingredients. The growing recognition in both the public and private sectors of the benefits of nutraceutical components is one of the main factors driving the increase in demand for the products.

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The main forces behind industry growth include innovation, sufficient funding, regulatory support through the adoption of conductive policies, and tax incentives. The market for nutraceutical ingredients is changing in emerging nations due to the rising need for vitamins, minerals, and functional meals and drinks. The market for nutraceutical components is growing as health-conscious customers choose to prioritize preventative care above curative ones.

The market for nutraceutical ingredients is growing as a result of consumer interest in nutraceuticals and health supplements being impacted by rising hospitalization costs, as well as increasing knowledge of preventive care and information availability. Rising vitamin deficiencies among the expanding population as a result of consumers’ busy lifestyles and shorter mealtimes is another reason driving the growth of nutraceutical components.

The market for nutraceutical ingredients is rising due to the increased desire to use premium food and supplement components to improve the nutritional value of products. Increased consumer inclinations towards naturally derived nutraceutical ingredients, such as extracts from herbs and plants, would probably facilitate market growth. Natural nutraceutical ingredients are expected to become more in demand worldwide due to the rising trend of self-treatment and the increasing popularity of homoeopathic treatments.

Key Points from the Nutraceutical Ingredients Market

The market is expected to surpass US$ 118.99 billion by 2033.
An increase in the prevalence of chronic diseases.
Demand for nutraceutical items such as power gummies, which are chewable nutritional supplements with a variety of health advantages, is projected to be driven by innovation and new product development.
Nutraceutical ingredients market is expected to grow at a CAGR of 8.3% during the forecast period 2023 to 2033.
Asia Pacific dominated the nutraceutical ingredients market.

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Key Development in the Nutraceutical Ingredients Market

June 2022 – DSM announced the acquisition of Prodap, a firm that provides animal nutrition, services, and technology. This acquisition adds to DSM’s extensive animal feeding knowledge and services. Specifically, for the company’s existing Verax animal management system and Sustell intelligent sustainability services. The acquisition also broadens the company’s market presence in Brazil.
November 2020 – Ingredion signed a deal to purchase the remaining portion of Verdient Foods Inc. that it did not already own. With this acquisition, Ingredion be able to accelerate net sales growth, expand manufacturing capability, and co-create customers to meet rising consumer demand for plant-based protein.
May 2022 – Tate & Lyle announced the completion of its acquisition of Nutriati, an ingredient technology firm that produces chickpea protein and flour. They previously had a distribution arrangement in 2021 with whom they previously had a supply of chickpea protein and flour. This transaction also includes Nutriati’s assets, intellectual property, and liabilities. This purchase expands the company’s ingredient portfolio.
December 2022 – Neutralities, a startup brand owned by Pune-based Shover Foods International, India, increased its product line with a move into nutraceuticals. Nutraceutical products have been developed to support good health and immunity. According to the company, it chose to launch its products in capsule form because gummy supplements include less vitamins and minerals. Furthermore, the company says that the components are vegan, sugar-free, and have been authorized by India’s Food Safety and Standards Authority (FSSAI).
November 2021 – Archi Med purchased SUANFARMA, a key manufacturer and distributor of active nutraceutical components and pharmaceuticals, to outsource important products abroad, boosting sales and profits.

Key players:

BASF SE
ADM
Ingredion
DSM NV
Cargill
Tate & Lyle
Ajinomoto
Roquette Freres

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Key Segments

by Product:

Probiotics
Prebiotics
Vitamins
Amino acids
Carotenoids
Phytochemicals & plant extracts
Protein
EPA/DHA
Minerals
fiber & carbohydrates

by Form:

Dry Form
Liquid Form

by Application:

Functional food
Functional beverages
Dietary supplements
Personal care
Animal Nutrition

by Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Capitalize on the Booming Battery Market: Battery Materials Expected to Reach US$ 102.8 Billion by 2033

By 2033, the value of the global battery materials market is expected to reach US$ 102.8 billion, up from US$ 57.9 billion in 2023. Sales of battery components are expected to increase globally over the forecast period at a CAGR of 5.9%.

The lead-acid battery segment is expected to create a higher demand for battery materials during the assessment period. This is due to the high adoption of lead-acid batteries across diverse industries for their cost-effectiveness, reliability, and other advantages. The target segment is forecast to expand at 5.7% CAGR through 2033.

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Driving Forces Behind the Global Battery Materials Industry Growth

Several factors are expected to drive growth in the worldwide battery materials industry. These include the growing popularity of electric vehicles and renewable energy sources, favorable government support, and advancements in battery materials.

Materials used to make electrodes, electrolytes, separators, and other components of batteries are called battery materials. They are essential for developing renewable energy storage, electric vehicles, and other emerging technologies.

Surging demand for electric and hybrid vehicles globally is anticipated to fuel sales of battery materials, such as lithium, nickel, and cobalt. Today, consumers seek more sustainable and fuel-efficient transportation options, increasing the popularity of electric vehicles (EVs).

Governments worldwide are also introducing new initiatives, regulations, and incentives to reduce carbon emissions and encourage the adoption of clean technologies like electric cars. This, in turn, is expected to create growth opportunities for battery material producers.

Large investments are being made into renewable energy sources like solar and wind. This is projected to create demand for energy storage systems, eventually fostering the growth of battery materials.

Another prominent factor expected to uplift global battery materials is the rising adoption of consumer electronic devices like smartphones and laptops. This is because these consumer electronic products rely on batteries for power.

Top companies are constantly focusing on developing and exploring novel battery materials to improve safety and performance of batteries. For instance, new cathode materials with higher energy densities are being developed.

Key Takeaways from the Battery Materials Market Report:

The global battery materials industry is forecast to total US$ 102.8 billion by 2033.
By battery type, lead-acid segment is projected to thrive at 5.7% CAGR through 2033.
Based on application, the automotive segment is expected to progress at 5.4% CAGR.
The United States market size is set to reach US$ 18.0 billion by 2033.
The Japanese market is predicted to reach a high of US$ 10.1 billion by 2033.
The United Kingdom industry is expected to progress at 6.8% CAGR from 2023 to 2033.
Sales revenue in China is forecast to total US$ 14.9 billion by 2033.
Demand in South Korea is anticipated to increase at 8.3% CAGR through 2033.

“The spread of electric mobility and increasing usage of renewable energy are expected to create high demand for energy storage devices like batteries. This will bode well for the battery materials industry during the forecast period,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

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Top Key Players in the Battery Materials Market

Asahi Kasei Corporation
BASF SE
Dow, Inc.
DuPont de Nemours, Inc
Entek International
Gravita India Limited
Hitachi Chemical Co., Ltd.
Johnson Matthey PLC
Kureha Corporation
Mitsubishi Chemical Corporation

These key players are continuously innovating to develop novel materials to meet evolving requirements of end users like automotive and consumer electronics. They also employ strategies like acquisitions, facility expansions, joint ventures, mergers, partnerships, alliances, and collaborations to expand their portfolios and footprint.

Recent Developments in the Battery Materials Market:

In March 2023, ENTEK unveiled the location of the first lithium battery separator plant in Indiana to support the region’s booming electric vehicle (EV) industry.
In May 2023, new polyurethane, carbon nanotube, and epoxy materials to boost battery performance and protection were developed by Huntsman.

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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Pet Car Seat Market Poised to Exceed US$ 5.0 Billion by 2032, Driven by a 4.7% CAGR

In 2022, the pet car seat market is estimated to reach a valuation of US$ 2.8 Billion. The market is projected to surpass US$ 5.0 Billion by 2032, at a CAGR of 4.7% from 2022 to 2032. The share of the pet car seat market in the global pet care market is approximately 3%-6%.

Anticipated growth in the pet car seat market is significant over the forecast period. Pets are increasingly regarded as cherished members of households, driving heightened demand for pet care products among owners. With growing concern for animal welfare and wellness, the popularity of pet care products continues to surge.

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Because of this worry from pet owners about how good they feel, the need for products has been growing. Getting pets to be friends for mental health, exercise and fun is becoming more popular. This means pet-care costs are going up too. These things help the pet car seat market grow because people are more worried about keeping their pets safe and it is easy to find extra stuff.

Key Takeaways from the Pet Car Seat Market Study

In terms of material, the PVC segment is expected to dominate the pet car seat market between 2022 and 2032.
In terms of feature, waterproof segment is expected to grow at a CAGR of 4.0% and is expected to expand at a rapid rate during the assessment period.
Based on feature, the demand for waterproof pet car seats will burgeon over the forthcoming decade
By car type, SUVs are expected to remain most preferred vehicles among pet owners for pet car seats
The U.K. is expected to lead the growth in Europe pet car seat market over the assessment period
The U.S. and India are expected to vanguard the sales in North America and South Asia pet car seats market

“Pet car seats manufacturers are increasingly focusing on advertisement and promotion of the pet accessories, positively influencing growth of the market. Product promotions through various campaigns and events such as dog shows, are the key strategies adopted by various players in the pet car seat market.” says an FMI analyst.

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Who is winning?

Leading manufacturers of pet car seat are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of pet car seat globally.

Major players present in the pet car seat market are

KOZI WORLD
PetsUp
PetMyRide
FitMyCar
Plush Paws
Pet Magasin
BarksBar
4Knines
Worldwide
Petbrill

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet car seat market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the pet car seat market based on the material type (PVC, fabric, nylon & polyester), car type (SUVS, vans, sedan, minivan & others) feature (waterproof, foldable, non-slip & adjustable) sales channel (supermarkets & hypermarket, retailers & wholesalers, direct sales, pet specialty stores, online retailers & other sales channel) across seven major regions.

Global Pet Car Seat Market by Category

By Material Type:

PVC
Fabric
Nylon
Polyester

By Car Type:

SUVs
Vans
Sedan
Minivan
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.

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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Shifting Wedding Trend Macarons gain popularity in wedding cakes and desserts, reflecting a growing demand for variety | FMI

United States and Europe macarons market is booming, set to reach $3.17 billion by 2033 from $1.54 billion in 2023, driven by gourmet tastes like chocolate and caramel. More and more couples are choosing macarons for their wedding cakes, a sign of changing preferences and a growing need for a diverse palate.

The macaron markets in the US and Europe are projected to be valued US$1.43 billion by 2022. The market is expected to develop at a compound annual growth rate (CAGR) of 7.5%, from US$ 1.54 billion in 2023 to US$ 3.17 billion by 2033.

Due to rising customer demand for upmarket macaron treats like chocolate and caramel macarons, among others, the macaron industry is booming in the US and Europe.

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A change in customer tastes is one factor contributing to the increase in the number of couples using macarons in macaron towers or wedding cakes. When it comes to macarons, people are also more open to trying out different flavors and variations.

Due to rising customer demand for luxury macaron goods like chocolate and caramel macarons, among others, the macaron business is booming in the US and Europe.

With the popularity of macarons, there are macaron-only bakeries now offering flavors such as salted caramel, pistachio, and matcha. As the demand for artisanal bakeries has increased, macarons have become more popular. To appeal to their customers, artisans bake different kinds of cakes using different textures, colors, and flavors.

Several Americans and Europeans that avoid certain ingredients such as gluten, dairy, and animal products due to food allergies are on the rise. Plant-based flour can be used to make vegan macarons gluten-free. Due to increasing health awareness among consumers, companies are constantly innovating to produce products that meet the latest health trends.

“Growing food consumption in the upcoming years may increase the food industry’s market share. Companies with decades of experience and product knowledge specialize in creating high-quality products to satisfy consumer demands for healthy products.” – says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The United States and Europe macarons market is expected to thrive at a CAGR of 7.5% over the forecast period.
Supermarkets and hypermarkets may grow due to an ever-growing variety of specialized products
Europe is predicted to hold a massive share of the market.

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Competitive Landscape:

A significant impact of the pandemic has been felt by macaron manufacturers. Therefore, market players are increasingly focusing on optimizing production to meet the decline in demand with a reduction in production capacity and workforce. Additionally, substantial manufacturers are consolidating their presence through strategic mergers and acquisitions during this time.

Recent Developments:

It was announced in May 2022 that The Met Store and Laduree launch a limited-edition macaron gift box. Featuring three artisanal Laduree macaron flavors: Ispahan (Rose, Raspberry, and Lychee), Orange Blossom, and Pistachio, which celebrates Islamic cuisine. As a result of Laduree’s partnership with the Met Store, the company has the opportunity to engage the audience with art and culture in a variety of ways. Moreover, the manufacturers have the opportunity to expand their market reach.
There are several flavors available for the Dalloyau Christmas creation macarons in December 2022, including cocoa and citrus fruit flavors.
In March 2022, Chantal Guillon may offer a special animal-free macaron made from EVERY EggWhite, a precision-fermented egg white. EVERY Co., a biotechnology company, partnered with Chantal Guillon to create this macaron.
Laduree, a French brand, has announced that Matthew Kenny, one of the renowned vegan chefs, may lead the brand to a vegan diet in September.
In addition to offering superfood macarons in 2020, Laudree sells eco-friendly boxes that contain hemp, green tea, matcha, chocolate pomegranate, and marina flavors.

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Market Segmentation by Category

By Flavor:

Fruit-flavored
Chocolate
Caramel
Lemon
Vanilla
Pistachio
Basic
Others

By Distribution Channel:

Supermarket/Hypermarket
Specialty Stores
Online Retail
Others

By Region:

United States
Europe

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Discover the Adventures of Free Online Port Gamings No Download

Are you a fan of gambling establishment video games and the exhilaration they bring? If so, you’re in good luck! With the surge of on the internet casinos, you can now enjoy your preferred slot games without the trouble of downloading and install any kind of software application. In this post, we’ll check out the world of totally free online slot video games with no download required, where you can play anytime, anywhere.

Online slot video games have come to be progressively preferred over the years because of their ease and ease of access. Gone are the days when you needed to take a trip to a land-based gambling enterprise to get your port solution. Currently, all you require is a computer or mobile device and an internet link to experience the excitement of spinning the reels.

The Advantages of Free Online Slot Gamings No Download

Among the greatest advantages of playing free online slot video games without any download is the instant accessibility they provide. Unlike downloadable online casino software, these games can be played straight in your internet browser. This suggests no awaiting downloads or installment processes, enabling you to dive directly into the action.

Another major advantage is that no download is required, which saves valuable storage space on your device. Whether you’re using a computer or a mobile phone, this can be especially beneficial for those with restricted storage capability. With online port video games, you can appreciate a huge 1xbet option of titles without worrying about littering your gadget.

Furthermore, free online slot video games no download offer a risk-free atmosphere for players. Since there’s no actual cash involved, you can play to your heart’s web content without the anxiety of shedding your hard-earned cash money. This makes them perfect for newbies who wish to learn the ropes or experienced players wanting to try new methods.

Instantaneous accessibility: No awaiting downloads or setups.
Saves storage space: No demand to clutter your tool with software program.
Safe: Play without the anxiety of shedding genuine money.

Just How to Play Free Online Slot Gamings No Download

Playing cost-free online port video games without download is as simple as 1-2-3. All you need to do is adhere to these easy steps:

Pick a reliable online casino site that provides no download port video games. There are a lot of choices offered, so take your time to find the one that fits your preferences.
Develop an account or sign in if you already have one. This commonly includes giving some standard individual details and consenting to the casino site’s conditions.
Select your desired slot video game from the online casino’s collection and click on it to begin playing. The game will certainly pack straight in your internet browser, enabling you to appreciate the activity with no hold-ups.

The Range of Free Online Slot Games No Download

When it comes to complimentary online port games with no download, the variety is truly astonishing. Whether you’re a fan of traditional fruit machines or modern video slots, there’s something for every person. From popular titles like Starburst and Gonzo’s Pursuit to branded ports based upon movies and TV shows, the alternatives are practically countless.

Classic slots: These video games feature conventional icons like fruits and fortunate 7s and often have simple gameplay.
Video ports: These are a lot more contemporary and visually attractive, with exciting bonus features and immersive themes.
Dynamic jackpot slots: These games use the opportunity to win large pots that remain to expand till a person strikes the winning combination.
Branded ports: Based on popular movies, TV programs, or personalities, these slots bring your favored franchise business to life on the reels.

The Future of Free Online Port Games No Download

The future of complimentary online slot video games with no download looks bright. As innovation continues to breakthrough, we can anticipate much more immersive and interesting port experiences. With the increase of virtual reality (VIRTUAL REALITY) and enhanced fact (AR), players may soon be able to step into a virtual online casino and interact with their favored games in an entire new method.

Furthermore, with the enhancing appeal of mobile gaming, we can expect extra mobile-friendly port video games without any download needed. This implies you’ll be able to appreciate your preferred slots on the go, whether you’re commuting to function or unwinding in the house.

Conclusion

Free on the internet port video games with no download are a superb means to enjoy the thrills of gambling enterprise pc gaming without any trouble. With instant access, no storage area required, and a risk-free setting, these games have become a favored amongst players worldwide. Whether you prefer timeless slots, video clip ports, or modern pot slots, there’s a video game to suit 1xbet your taste. So, why wait? Beginning rotating the reels today and experience the exhilaration for yourself!

Glacier Cruises Market: Chilling Waves Forecast a 6% CAGR Journey to 2032 | FMI

The glacier cruises market is estimated to reach US$ 1.45 Billion in 2022. As per the report, sales are predicted to grow at a strong 3% CAGR, with the market valuation reaching US$ 1.95 Billion by 2032.

For those interested in glacier cruises, the most popular travel locations are Alaska, Canada, Norway, Sweden, Finland, and Iceland. Glacier cruises have developed into activities for people of all ages. The original target audience for these tours was senior citizens from western countries with extra time and money. Today, even families and children are selecting these non-conventional alternatives due to the spectacular beauty.

The millennial generation strongly favours travelling to uncommon and exciting locations. Cruises to glaciers frequently stop in remote, untouched locations. They give their customers exceptional experiences like witnessing sub-arctic species, flying in private planes to observe entire glacier ranges and river basins, and taking part in a range of sports like rafting, ATV excursions, and hiking.

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Top companies in the cruising sector are offering package solutions that include charter flights over stunning glaciers to reach the core regions that are challenging to cruise. This makes it possible for visitors to fully enjoy their glacier excursion. Expeditions to the glaciers are significantly hampered by the short season and uncertainty of the weather.

Global warming is one of the major restraints in the glacier cruises market. As the glaciers have started to melt at a much higher rate than the past years. This has caused a sense of panic amongst the tour providers and the local citizens as cruise tourism is one of the integral part of economy for a fair share of population. However the cruise companies are coming up with new technologies to improve the cruising and find more sustainable ways which causes minimum impact to the environment and the natural habitat in the region.

“Along with seniors, Millennials showing interest in glacier cruises and cruise companies taking efforts to deliver the best experience to the travellers will positively impact the Glacier Cruises Market” Says an FMI analyst.

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Key Takeaways:

By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~80%.
In terms of age group, demand in the age group from 46-55 years and 56-65 years will continue gaining traction through 2032.
Based on packages, Glacier cruise travelers will continue to opt packaged deals over the normal travel deals.
Glaciers will have rush in the span from spring to autumn i.e. May to September.

Key Players

Princess Cruises
MSC Cruises Company
Silversea Cruises
Star Clippers
Carnival Cruises
Celebrity Cruises
G Expedition
Discerning traveler
Trafalgar
Quark Expedition
Aurora Expedition
Cruiser Adio

Glacier Cruise Market by Category

By Cruise Destinations:

Alaska
Canada
Antarctica
Greenland
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

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

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

Health Conscious Consumers Growing demand for nutrient-rich, low-fat options drives rice bran oil sales | FMI

The rice bran oil market is projected to be worth US$ 18.95 billion by 2033, from an anticipated 2023 valuation of US$ 7.94 billion. Over the Sales of rice bran oil are predicted to increase at a CAGR of 9.09% over the projected period.

The use of rice bran oil has increased dramatically due to its numerous health benefits. As a result, the market is expanding more quickly and the demand for nutrient-dense, low-fat meals and beverages is rising.

WHO and the American Heart Association do not advise using rice bran oil since it is higher in saturated, polyunsaturated, and monounsaturated fats than other vegetable oils.

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Because it contains oryzanol, a substance that slows the effects of aging, protects the skin from UV rays, and encourages hair formation, this oil has become an essential component in the pharmaceutical and cosmetic industries.

Other significant factors propelling the market’s growth include rapidly increasing urbanization, rising disposable incomes, changing lifestyles, aggressive marketing campaigns by manufacturers, and growing penetration in both developed and developing nations.

Key Takeaways

Due to several emerging rice-producing nations including Japan, India, and China, the Asia Pacific region is predicted to hold a significant share of the global rice bran oil market. In 2020, the market in Asia Pacific was valued at US$ 4.68 billion, and in the years to come, it is anticipated to take a commanding share of the market.
North America is anticipated to experience rapid growth during the forecast period. Key manufacturers are also increasing their investments in expanding areas like Europe and North America by releasing new products, which may fuel the industry’s expansion.
Over the projection period, the online segment is anticipated to register a CAGR of 5.59%. The expansion of this market is being driven by the popularity of e-commerce websites and surging manufacturers creating their websites. Additionally, higher consumer disposable income and higher living standards, particularly in developing regions, are likely to increase product sales via online channels.
Market growth is anticipated to be aided by the increased demand for nutrient-dense food components and changing dietary habits, driving the market share of the food and beverage segment.

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Competitive Landscape

The market for rice bran oil has a highly fragmented competitive environment, with numerous regional and local competitors vying to gain market share. The top producers in the international market are Adani Wilmar and Cargill, Inc. To expand their market position, top corporations are forming joint ventures. For instance, to expand their footprint in other nations like Singapore and promote their products to a wider client base, Adani Group formed a 50-50 joint venture with Wilmar International. As a result, the market share of these oil producers has grown recently in both developed and emerging nations.

Latest Developments

N.K. Proteins Pvt Ltd., an Indian business, announced in June 2021 to introduce the brand ‘Tirupati’ to the market to appeal to health-conscious consumers.

August 2019 – The United States-based corporation Cargill, Incorporated announced the expansion of Gemini’s current rice bran oil product line. Gamma oryzanol is claimed to be 40% more abundant in the product than in other standard oils.

Key Players

Adani Wilmar
Modi Naturals
Marico
Conagra Foods
BCL Industries Limited
King Rice Oil Group
California Rice Oil Company

Given Below are the Rice Bran Oil Market Segments

By Type:

Organic
Non-organic

End User:

Food and Beverages
Industrial Application

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

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Full-service restaurants offer a relaxing experience with a variety of cuisines, attracting busy professionals and changing consumer preferences

The full-service restaurant market is predicted to be worth US$ 1.51 trillion in 2023, rising to US$ 1.93 trillion by 2033. The demand for full- Over the predicted period, service restaurants are expected to grow at a compound annual growth rate of 2.5%.

The extensive menu selections, laid-back ambiance, and attentive attention of full-service restaurants have contributed to their increasing popularity. As a result of urbanization, more and more individuals are searching for quick and simple meal options. Full-service restaurants offer its patrons a stress-free dining experience as a break from their busy lives. Over the projected timeframe, these reasons will drive the broad adoption of full-service restaurants.

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Food preferences among consumers are changing as they look for novel and distinctive eating experiences. In response to this trend, full-service restaurants have introduced a variety of gourmet and ethnic cuisine selections, drawing in foodies and daring eaters. In addition, an increasing number of women entering the workforce has led to a shift in traditional gender roles, with more disposable income and dining out more often. Full-service restaurants cater to this demographic by offering a range of menu options and a relaxed atmosphere.

The growing travel and tourism industry has also contributed to the increase in the market share of full-service restaurants. Travelers often seek out unique dining experiences, and full-service restaurants offer a large selection of menu items and a warm atmosphere that draws in both local and international patrons.

Full-service restaurants are in competition with quick-service and casual dining places, which provide more affordable menu options and faster service. This has made it harder for full-service restaurants to attract customers who are on a tight budget. The growing cost of labor and food has also had an effect on the profitability of full-service restaurants. The demand to preserve profit margins is on restaurant operations because of growing food costs and increased minimum salaries.

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Key Takeaways from the Full-Service Restaurants Market:

The chained consumer food service segment dominates the full-service restaurant industry, accounting for more than 56% of the market in 2022.
Casual dining restaurants are the market leader in the full-service restaurant industry, accounting for 62% share in 2022.
The full-service restaurant business in the United States accounts for a sizable portion of the global market, with a share of over 45% expected in 2022.
A sizable market share, approximately 30% in 2022, is held by the full-service restaurant industry in China.
Germany’s market share in the full-service restaurant sector was approximately 25% in 2022, according to FMI.
In 2022, the Japanese full-service restaurant industry accounted to hold a market share of roughly 20%.

Who is Winning?

The full-service restaurants market is highly competitive, with several well-established players in the market. The leading players in the market include Applebee’s, Red Lobster, Olive Garden, and others. These players are focusing on expanding their market presence through new restaurant openings, menu innovation, and strategic partnerships.

Recent Developments in the Full-Service Restaurants Market

In August 2019, Applebee’s introduced its new nationwide delivery network, in which the company will deliver its food and other products to the doorstep, anywhere in the United States.
In 2019, Red Lobster inaugurated its new restaurant in Deer Park, New York, focusing on increasing its market presence and market share in the regional, full-service restaurants market.
Olive Garden has recently launched its new menu items, including gluten-free options and vegetarian dishes, to cater to the growing demand for healthier and more diverse food options. This move is aimed at attracting health-conscious customers and maintaining its market share

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Key Segments

By Model:

Independent Consumer Foodservice
Chained Consumer Foodservice

By Service:

Casual Dining Restaurants
Fine Dining Restaurants

By Location:

Standalone
Retail
Travel
Leisure
Hotels

By Region:

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

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