Market Research Blog – Page 3317 – New Product Development

A2P Messaging Market Foresees US$ 98.3 Billion Valuation by 2032, 4% CAGR Key

The A2P messaging market will be worth more than US$ 98.3 billion by 2032, with a CAGR of 4%. The market is expected to be worth US$ 66.1 billion in 2022.

BFSI A2P messaging refers to message traffic in which a person receives a message from any bank or financial institution. Because customers want to receive text messages every time they withdraw or transfer funds, BFSI A2P SMS assists in reaching a large number of clients and has a broad scope.

A2P SMS assists the BFSI sector in partnering and developing a strong network with clients by assisting and determining client demands, declaring a synopsis of their exchanges, and remnants of their venture portfolio. Clients, too, expect prompt assistance, especially if they have a cell phone, reliable internet, and related applications.

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A2P SMS assists the BFSI sector in associating and developing a strong network with customers by assisting and sorting out customer needs, declaring the summary of their transactions, and the remains of their investment portfolio. Customers, too, expect quick service, particularly if they have a smartphone, a strong internet connection, and a relevant app.

A2P SMS is extremely useful in BFSI because it enables the sending of confirmation SMS, warning SMS, and anti-fraud detection SMS to customers. The growing demand for A2P messaging in BFSI is driving the global A2P messaging market.

Key Takeaways from the A2P Messaging Market Report:

A2P Platform is expected to hold the largest share in the component segment and is expected to grow at a CAGR of 3.6% in the forecast period.
The market in the U.S. holds a CAGR of 3.6% from 2022 to 2032.
The cloud segment is expected to emerge as the fastest-growing segment, registering a CAGR of 3.2% from 2022 to 2032.
A2P messaging has a broader scope in government and private organizations.

Who is winning?

Leading players in the A2P Messaging Market are focused on implementing the service in the promotion and marketing sector, and customer relationship management services. A2P messaging is a critical instrument and administration that has a long life in front of it to contact crowds straightforwardly. To proceed with the development there are layers of safety required.

Key players present in the A2P Messaging Market industry are AT&T, Sinch, Infobip, Comviva, Bics, Tata Communications, Genesys, Global Message Services(GMS), Monty Mobile, and China Mobile among others.

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A2P Messaging Market Segmentation:

By Component:

Platform
A2P Service

By Deployment Mode:

Cloud
On-premises

By Application:

Authentication Services
Promotional and Marketing Services
Customer Relationship Management Services
Pushed Content Services
Interactive Messages
Others

By SMS Traffic:

National
Multi-country

By End User:

BFSI
Retail and E-Commerce
Hyperlocal Business
Healthcare
Travel and Hospitality
Others

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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Nixtamalized Corn Flour Market Forecasted to Reach US$ 5,329.5 Million by 2033, Fueled by Growing Consumer Awareness and Demand for Nutritious Alternatives

FMI’s analysis reveals that the global nixtamalized corn flour industry is currently valued at US$ 3,172.7 million in end of 2023. It is projected to surpass significantly, reaching a market valuation of US$ 5,329.5 million by 2033. It is poised to exhibit at 5.3% CAGR during the forecast period.

The global nixtamalized corn flour industry is witnessing lucrative growth and presenting attractive opportunities in the food grain industry. Nixtamalization is the traditional process of treating corn with an alkaline solution.

Nixtamalization has gained attention due to the increased nutritional value, flavor, and versatility of corn-based products it can provide. The demand for authentic and traditional food is experiencing growth. Nixtamalized corn flour has been introduced as the preferred choice of consumers and food manufacturers.

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Consumers are switching to gluten-free products, as a result of high detection of celiac disease cases. Customers want healthy food options, including without gluten. Nixtamalized corn flour is a useful substitute for wheat flour in food products since it has nutritional qualities and comes in a variety of forms.

Nixtamalized corn flour market is poised for continued growth and innovation. Consumer demand for natural, authentic, and nutritious food options remains strong. The market is likely to see further expansion, with new product offerings and applications. The popularity of ethnic cuisines continues to rise globally. Nixtamalized corn flour is expected to find its place in a wide range of international recipes and culinary creations.

Key market players such as Cargill Incorporated, Bunge Ltd, Bob’s Red Mill Natural Foods, and GRUMA. They have recognized the immense potential of the nixtamalized corn flour industry. They are actively investing in research and development to expand their product portfolios. These companies are exploring innovative techniques to improve the nixtamalization process. It ensures consistent quality, and meets the growing demand for nixtamalized corn flour.

The health-conscious consumer base is another significant driver contributing to the market’s growth. Nixtamalization increases the bioavailability of essential nutrients such as niacin (Vitamin B3) and calcium. These ingredients enhance the nutritional value of corn-based products. The demand for gluten-free and non-GMO products has further fueled the adoption of nixtamalized corn flour. It aligns with the preferences of health-conscious consumers seeking alternative products.

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Key Takeaways from the Chicken Offal Report:

The global nixtamalized corn flour market is expected to reach a valuation of US$ 5,329.5 million by 2033.
Global demand for nixtamalized corn flour is likely to soar at 5.3% CAGR over the forecast period.
Based on product type, the yellow masa corn segment is anticipated to reach a valuation of US$ 4,063.2 million by 2033.
By end-use, the food processing segment is likely to exhibit a 4.5% CAGR during the projection period.
China nixtamalized corn flour industry is projected to reach a valuation of US$ 135.5 million by 2033.
Germany market is estimated to witness a value CAGR of 7.3% during the projection period.

“Increasing adoption of gluten-free and non-GMO products by health conscious consumer will drive demand for nixtamalized corn flour industry. Manufactures are working to provide different flavors and textures to diversify their product offerings.”– – Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

Key players in the market include GRUMA, S.A.B. de C.V, King Arthur Flour, Larissa, Masa Brosa, Goya Foods, Sabor del Cielo, Mexican Flour, All Souls Tortilleria, The Little Tortilleria Ltd., Gold Mine Natural Food Company, Woodland Foods, Cargill, Incorporated, Bunge Limited, Bob’s Red Mill Natural Foods, Limagrain Ingrédients, Prairie Mills Products LLC, and Bongiovanni Srl are key nixtamalized corn flour and its product manufacturers listed in the report.

Manufacturers are focusing on continuous product innovation to meet evolving consumer demands and preferences. They develop new varieties of nixtamalized corn flour that cater to specific dietary needs. It includes gluten-free and organic options. Innovation might also lead to improving texture, taste, and nutritional profile of the products.

For instance,

In October 2020, Goya Foods recently revealed a US$ 80.0 million extensions of its Brookshire, Texas, manufacturing and distribution facilities. The purchase of new, cutting-edge food processing equipment enabled the firm to treble production capacity for the purpose to satisfy rising customer demand for its goods.

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Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global nixtamalized corn flour market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the nixtamalized corn flour industry based on product type (yellow masa corn, white masa corn, red masa corn, and blue masa corn), and end-use (retail/households, food service industry, and food processing industry) across various regions.

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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Edible Oils and Fats Market Set to Exceed US$ 226.68 Billion by 2033 with 6.4% CAGR, Driven by Increasing Demand for Healthy Oils

The global edible oils and fats market is experiencing robust growth, poised to generate an estimated US$ 121.90 billion in 2023, with expectations to surge beyond US$ 226.68 billion by 2033, reflecting a remarkable CAGR of 6.4%. This flourishing market is witnessing a paradigm shift towards healthier options, with vegetable and olive oils at the forefront. The sector’s positive trajectory is underpinned by factors like the growing preference for unsaturated fatty acids, the rise of plant-based diets, and the increasing demand for oils like palm oil due to their distinctive qualities.

Consumer trends are steering the edible oils and fats market towards healthier choices, marked by a surge in demand for oils rich in unsaturated fatty acids and low in saturated fats. Plant-based oils, including olive, avocado, and coconut oil, are gaining traction, driven by the rise of veganism. The distinctive functions of palm oil, coupled with the growth in fast-food consumption, are contributing to increased demand. Changing dietary habits and the fast-paced lifestyles of professionals are expected to further boost sales of oils like sunflower and coconut for cooking.

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The market is witnessing an upswing due to several growth drivers. A global shift towards healthier eating habits and the popularity of plant-based diets, particularly veganism, are propelling the demand for oils rich in health benefits. The rise of the fast-food industry, changing dietary preferences, and a growing awareness of the adverse effects of trans-fat consumption are driving consumers towards vegetable oils as a healthier alternative. Emerging markets in Asia Pacific and Africa, coupled with innovations in oil extraction technologies, offer significant growth opportunities.

Country-wise Insights

Changing Consumer Preferences Shape the Future of the Edible Oils and Fats Industry in the United States

The United States, a key player in North America, leads in soybean oil production and consumption. The shift towards sustainability and environment-friendly production methods aligns with consumer values. As premium and sustainable food options gain popularity, the demand for high-quality edible oils and fats is expected to remain robust.

Rising Demand for Plant-based Options Propels the Market in Germany

Germany dominates Europe’s edible oils and fats industry, driven by consumer demand for high-quality and health-conscious products. The shift towards plant-based oils, rising demand for functional foods, and the surge in online sales contribute to market growth.

Online Sales of Edible Oils and Fats in the United Kingdom Reach New Heights

The United Kingdom experiences a dynamic edible oils and fats industry, with consumers increasingly opting for healthy alternatives. Plant-based oils gain traction, driven by vegetarian and vegan trends. Supermarkets lead in retail, with online sales witnessing significant growth, providing consumers with convenient access to a variety of oils.

Rising Health Consciousness Leads to Increased Demand for High-quality Edible Oils and Fats in China

China anticipates reaching a market size of US$ 59.23 billion by 2033, growing at a CAGR of 9.8%. Increasing consumer awareness about health and wellness drives the demand for high-quality and healthy oils. Government policies supporting the domestic edible oils industry contribute significantly to market growth.

Domestic Production of Edible Oils is on the Rise in India

India’s edible oils and fats market, with a substantial presence of domestic and international players, showcases dynamic growth. With a large population and increasing government support, India is a key player in the global market. The drive towards self-sufficiency, coupled with rising consumer awareness, positions India as a significant contributor to the edible oils and fats sector.

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Competitive Landscape:

The top manufacturers of the edible oils and fats market are Fuji Vegetable Oil, Inc., Cargil, Inc., Bunge Limited, Ajinomoto Co., Inc., American Vegetable Oils, Inc., Associated British Foods PLC, Chs Inc., Conagra Brands, Inc., International Foodstuff Company Holdings Limited (IFFCO), Mother Dairy Fruit & Vegetable Pvt., Ltd., Unilever PLC, United Plantations Berhad, Wilmar International Ltd., and others.

The edible oils and fats market is fiercely competitive, with businesses jostling for market share based on things like product differentiation, brand recognition, operational scale, distribution channels, innovation, mergers and acquisitions, and globalization. Brands that spend on research & development activities have a competitive edge. They also benefit from strong reputations, vast distribution networks, and other factors.

Recent Developments:

In February 2023, Gemini PureitTM, India’s No. 1 Quality Sunflower Oil Brand, was introduced by Cargill as it expanded into South India with its range of edible oils.
In December 2021, to create FII, Fuji Vegetable Oil, Inc. allied with one of its subsidiaries, Fuji Specialities Inc., and ITOCHU International Inc. The main aim of this agreement is to grow the vegetable oil market in the North America region. The joint venture splits the costs of the raw materials, production, and sales of fats and oils in North America.

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By Product Type:

Vegetable and Seed Oils
- Soybean
- Sunflower Oil
- Palm Oil
- Canola Oil
- Others
Spreadable oils and fats
- Butter
- Margarine
Olive Oil
Cooking Fats
Others

By Source:

Plant
Animal

By Form:

Liquid
Solid

By Distribution Channel:

Supermarket & Hypermarket
Convenience Stores
Departmental Stores
Online

By Region:

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

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NPK Fertilizers Market Expected to Reach US$ 4.44 Billion by 2033 with 3.9% CAGR Growth, Driven by Increasing Demand from Agricultural and Food Industries

According to a report published by FMI, the global NPK Fertilizers Market will be valued at US$ 3.03 Bn in 2023. It is expected to grow at a CAGR of 3.9% during the forecast period, reaching a value of US$ 4.44 Bn by 2033.

In addition to improving crop quality and yield, their use reduces application costs. Increasing public awareness of the benefits of NPK fertilizers promotes market growth. In most of the region, commercial feed and high-protein food are becoming more prevalent.

To ensure healthy plant growth, NPK fertilizers (feed-grade and food-grade) are widely used in agriculture. They are available in liquid, gaseous, and granular forms. By ensuring nutrient and water efficiency, it reduces fertilization costs while also increasing demand for NPK fertilizers.

Increased accuracy in cultivating, using, and applying NPK manures, as well as improved crop security provided by NPK manures, are spurring consumer demand for high-quality compost. As a result of the increased consumption of fresh fruits and vegetables, wheat, and rice, among other things, the global market for NPK fertilizers is also growing.

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Growing demand for NPK fertilizers has been spurred by advancements in farming and agriculture techniques. As most leading manufacturers are well aware, consumers demand high-quality food grains and foodstuffs.

Key Takeaways from the NPK Fertilizers (Feed-Grade and Food-Grade) Market

The global market for NPK fertilizers is projected to generate US$ 4.44 Bn by 2033, growing at a CAGR of 3.9%.
It is expected that Asia Pacific will continue to hold the largest market share and grow at a moderate-paced CAGR of 6% predicted to reach US$ 641.31 Mn by 2033.
Phosphorus market is growing at a CAGR of 4.5% and is expected to reach US$ 2.2 Bn by 2033.
The powder segment is projected to be the fastest-growing form of NPK fertilizers (feed-grade and food-grade). In the powder segment, consumers are attracted mainly by its ease of use, consistency, and ability not to alter the desired texture of food products.
China is expanding at a CAGR of 6.6% while Germany is growing at a CAGR of 2.8% in the forecast period.
US registered a market valuation of US$ 769.51 Mn in 2023 and is projected to reach a valuation of US$ 947.27 Mn by the end of 2033.

“Dairy products, meat products, bakery products, and beverages are among the industries that are increasing their demand for NPK fertilizers (feed-grade and food-grade). This is driving the market to grow.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Competition Landscape in the NPK Fertilizers (Feed-Grade and Food-Grade) Market

To expand their product portfolios and attract consumers from a variety of industries, several manufacturers are introducing multi-performance variants. Among the strategies, companies employ to improve their market position in mergers and acquisitions. These strategies have helped the company become more competitive and improve its market position.

Borealis AG (Austria), Yara International ASA (Norway), Petróleo Brasileiro S.A. (Brazil), The Mosaic Company (US), AkzoNobel (Netherlands), Israel Chemicals Ltd. (Israel), EuroChem (Switzerland), PotashCorp (Canada), Agrium Inc. (Canada), Alltech (US), PhosAgro (Russia), Haifa Chemicals (Israel), Aditya Birla Chemicals (India), SKW Stickstoffwerke Piesteritz (Germany) are some of the key players operating the global NPK fertilizers (feed-grade and food-grade) market.

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Recent Developments in the NPK Fertilizers (Feed-Grade and Food-Grade) Market

EuroChem announced in February 2022 that it had begun exclusive negotiations to acquire Borealis’ nitrogen operations.
Sinofert Holdings Limited, a subsidiary of State Power Investment Corporation (SPIC), invests in Sinofert II LLC, a fertilizer manufacturing company in India with the same annual production capacity as SPIC’s existing plant in Sichuan Province, China.
Petrobras’ fertilizer plant will be purchased by the Russian company Acron in February 2022.
The Acron Group has developed new brands of NPK complex mineral fertilizers for cereal crops grown in West and East Africa. These new products are being developed at the company’s Veliky Novgorod site in Russia.

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NPK Fertilizers Market by Category

By Type, the NPK Fertilizers Market is Segmented as:

Nitrogen
Phosphorus
Potassium
Others

By Form, the NPK Fertilizers Market is Segmented as:

Powder
Liquid
Others

By Application, the NPK Fertilizers Market is Segmented as:

Bakery Products
Meat & Meat Products
Dairy Products
Beverages

By Region, the NPK Fertilizers Market is Segmented as:

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

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Dealer Management System Market Eyes US$ 14,752.7 Million by 2033, 5.5% CAGR Surge

The dealer management system market is poised for explosive growth, with a projected value of US$ 14,752.7 million anticipated by 2033, demonstrating a remarkable 5.5% CAGR. This substantial surge in market value underscores the increasing significance of dealer management systems in the automotive and retail sectors.

As businesses seek enhanced efficiency, streamlined operations, and improved customer experiences, the adoption of dealer management systems is on the rise. These systems empower dealerships to efficiently manage their inventory, sales, and customer relationships, ultimately driving profitability. With a promising trajectory, the Dealer Management System Market is set to revolutionize the way businesses in the automotive and retail industries operate and cater to their clientele.

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Key Takeaways from the Dealer Management System Market Report:

The On-Premise from the dealer management system market is expected to grow at the fastest CAGR of 5.1% in the deployment type sector.
Transport and logistics are expected to grow at a high rate in the end-user sector of the dealer management system market, with a CAGR of 6%.
The market size for dealer management systems in the United States is expected to reach US$ 4.3 Billion by 2032, growing at a CAGR of 6% during the research period.
United Kingdom is expected to reach a market size of US$ 0.9 Billion in the dealer management system by 2032, with a CAGR of 5.1% during the research period.
China’s dealer management system market is expected to be worth US$ 0.7 Billion by 2032, with a CAGR of 3.2% over the forecast period.
Japan is expected to have a market size for the dealer management system of US$ 0.7 Billion by 2032, with a CAGR of 6.2% during the research period.
By 2032, India is expected to reach a market size of US$ 0.6 billion in dealer management systems, with a CAGR of 7.1% during the research period.

Leading Key Players:

Adam Systems
BiT Dealership Software, Inc.
Blue Skies Business Solutions Inc.
CDK Global LLC.
Dealertrack Inc.

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Dealer Management System Market Segmentation:

By Deployment Type:

On-Premises
Cloud

By End User:

Transportation and Logistics
Agriculture
Construction
Oil & Gas
Mining
Marine
Motor Sports
Other End Users

By Region:

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

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Nandini Singh Sawlani

Flavored Water Market Poised to Reach US$ 37.65 Billion by 2033 with 10% CAGR Growth, Fueled by Rising Health Consciousness and Flavor Innovation

The global flavored water market is expected to reach US$ 14.84 billion in 2023, expanding at a 10% CAGR from 2023 to 2033. By 2033, the flavored water industry is expected to be worth US$ 37.65 billion.

Factors such as rising consumer health consciousness, demand for refreshing and low-calorie beverages, and flavor innovation are propelling the industry forward. Flavored water is a healthy alternative to sugary drinks, appealing to consumers seeking hydration with added flavor. The market is seeing a spike in new flavor releases, responding to various consumer preferences and offering a wide range of possibilities. Moreover, convenient and on-the-go package formats add to the market’s appeal by harmonizing with consumers’ hectic lifestyles.

The market’s outlook benefits from the expanding importance of social media and digital marketing, which enables firms to successfully communicate with consumers. Manufacturers must continue to handle difficulties such as public perception, environmental concerns, and severe competition to sustain growth and capitalize on opportunities given by changing consumer preferences.

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The market benefits from the rise in demand for easy-to-carry beverages, especially among urban populations with hectic lifestyles. Due to their mobility and convenience, ready-to-drink packaging solutions like bottles and cans are becoming popular.

Health-Conscious Shift: Increasing Consumer Demand Fuels Flavored Water Market Growth

The growing consumer demand for healthy beverage options is one of the primary drivers of the flavored water industry. As people become increasingly health-conscious and seek alternatives to sugary fizzy drinks and juices, flavoured water gives a delicious and low-calorie option.

The growing awareness of the importance of hydration and the necessity to stay hydrated throughout the day accelerates demand for flavoured water.

On-the-Go Hydration: Convenience and Flavor Innovation Propel Flavored Water Market

The trend toward convenience and on-the-go consumption is a big additional factor. It is simple for customers to carry and enjoy flavoured water while they are out because it is offered in convenient packaging types like bottles and cans. This fits nicely with the hectic and energetic lifestyles of metropolitan residents, who frequently place a premium on portability and convenience when selecting beverages.

Market expansion is greatly aided by flavour innovation. Manufacturers frequently release new, exotic flavours, fruit-infused alternatives, and functional versions that provide extra health advantages, luring customers who are looking for variety and distinctive flavour experiences.

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Obstacles Affecting the Growth and Development of the Flavored Water Market

There are numerous significant restraints on the growth and development of the flavored water business.

The belief among some consumers that flavoured water is less healthful or natural than plain water is one of the key obstacles facing the industry. Health-conscious consumers may be discouraged from embracing flavoured water alternatives due to worries about artificial flavours, sugars, and additives.

The market is fiercely competitive, with several brands competing for consumers’ attention. New entrants and small firms find it difficult to establish themselves in a saturated market due to this competition.

Customers can choose from a variety of beverages, such as sports drinks, soft drinks, and other flavoured drinks. These substitutes give the flavored water industry fierce competition and may reduce its room for expansion.

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Key Takeaways

2% of the market share may be held by the United States.
Germany held onto its 7.4% market share for flavored waters from 2023 to 2033.
Japan might take 5.2% of the flavored waterindustry.
Australia had a 0.9% market share from 2023 to 2033.
Through 2033, the flavored waterbusiness in China is anticipated to expand at a 7.6% CAGR.
The India flavored waterindustry is anticipated to develop at a CAGR of 11.4% between 2023 and 2033.
The flavored water market in the United Kingdom is anticipated to expand at a CAGR of 8.5% between 2023 and 2033.
The sparkling flavoured water subcategory of the product category might have a market share of 17.4% from 2023 to 2033.
Between 2023 and 2033, the organic nature category may represent 14.6% of the flavored water market.

Competitive Environment

Intense and ever-changing competition exists in the flavored water business. A large number of brands, including well-known companies and recent comers, are aggressively contending for consumers’ attention and market share.

Flavoured water companies must constantly monitor consumer trends, invest in research and development, differentiate their products, develop strong brand identities, and develop successful marketing strategies to engage and retain customers in the rapidly changing flavored water industry in order to survive in the competitive environment.

Latest Innovations

Introducing I.C.E. LabsTM, a Forward-Looking, Innovative Product Development Programme from Talking Rain Beverage Company®

Bringing new beverage concepts to market in a small-scale, test-and-learn model that enables an iterative approach to product development, Talking Rain Beverage Company, the manufacturer of the best-selling flavoured sparkling water brand, Sparkling Ice®, is pleased to announce the launch of its new innovation programme, I.C.E. LabsTM.

Key Segments

By Product Type:

Still
Sparkling

By Nature:

Organic
Conventional

By Flavor:

Original
Orange
Vanilla
Lemon
Pineapple
Grape
Peach
Fruit Punch
Apple
Berry
- Raspberry
- Blueberry
- Strawberry
- Cherry
Watermelon
Cola
Coconut
Citrus

By Packaging:

Bottle
Can
Box
Cup
Pouch

By Distribution Channel:

B2B
B2C
- Supermarket/Hypermarket
- Departmental store
- Convenience store
- Online retail
- Others

By End Use Application:

Beverage Industry
Brewery industry
Health and Wellness industry
- Sports Drinks
- Vitamin Supplements
- Seltzers & Tonics
Retail

By Region:

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

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Rising consumer interest in ginger’s health benefits and spicy flavors is driving the ginger beer market | FMI

The global ginger beer market is positioned for rapid expansion, with a 7.1% CAGR expected between 2022 and 2032. It is projected to grow from its present valuation of US$ 4.7 billion in 2022 to roughly US$ 9.3 billion by 2032. This development is fueled by two factors: the health advantages of ginger beer, which make it peppery, and a trend towards lighter, less sugary beverages among younger customers.

The ginger beer market is expected to grow at a remarkable compound annual growth rate (CAGR) of 7.1% between 2022 and 2032. By the end of 2032, the ginger beer market is predicted to have grown from its present valuation of US$ 4.7 billion in 2022 to a valuation of roughly US$ 9.3 million.

The ginger beer market is expected to grow rapidly worldwide, with a 7.1% compound annual growth rate (CAGR) predicted for 2022–2032. As a result of the health benefits of ginger beer and a shift in consumer preferences toward lighter, less sugary beverages, particularly among younger demographics, the industry is expected to soar from its current valuation of US$ 4.7 billion in 2022 to an estimated US$ 9.3 billion by 2032.

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Spicy and Healthy Trend

Ginger beer, known for its peppery flavor and health benefits, has gained popularity among consumers. The global ginger beer market is witnessing increased consumption, particularly among the younger generation, driven by the recognized health advantages of this spicy beverage.

Market Dynamics and Growth Factors

The global ginger beer market is expected to maintain an outstanding CAGR of 7.1% from 2022 to 2032. The surge in demand is primarily fueled by the rising health consciousness among consumers and a notable shift away from calorie-dense drinks towards healthier alternatives. The recent lockdowns due to the pandemic further boosted product sales, particularly through off-trade distribution channels

Since ginger beer has a spicy flavour and is also healthy, it is becoming more and more popular with customers. Additionally, the consumer shift away from calorie-dense beverages and towards lighter, less sugary beverages is what is driving the worldwide ginger beer market share.

According to the Future Market Insights study on the market analysis for ginger beer, the younger generation has been consuming more and more of it recently. Use of ginger beer has a number of health benefits, which is the main cause of this rise.

Additionally, the lockdown brought on by the epidemic increased product sales, supporting the market expansion through the off trade distribution channel segment of the global ginger beer market.

The worldwide ginger beer industry, meanwhile, is being constrained by rigorous laws and limits imposed on the sales of ginger beer by the governments of many different nations. Such restrictions are placed due to the negative consequences of the artificial components and added sugar being used by some ginger beer manufactures.

Key Takeaways from the Market Study

The overall growth of the global ginger beer market is estimated to reach around US$ 4.7 billion during the next decade, following an average CAGR of 7.1%.
The non-alcoholic segment dominates the ginger beer market, accounting for approximately 75%, while the alcoholic segment is poised to witness the highest growth rate of 8.4%.
Flavored ginger beer products contribute nearly 60% of the revenue share, with original ginger beer gaining popularity at an estimated CAGR of 6.2% from 2022 to 2032.
Traditionally, on-trade distribution channels have been dominant, holding a market share of over 60%. However, the off-trade distribution channel is expected to witness a growth rate of 8% during the projected timeframe.
North America leads the ginger beer market share with over 35%, while the Asia-Pacific ginger beer market is gaining momentum with a projected overall growth rate of 8.4% from 2022 to 2032.

Competitive Landscape

Key players in the ginger beer market include Crabbie’s Alcoholic Ginger Beer, BUNDABERG BREWED DRINKS, Fever-Tree, Fentimans, RACHEL’S GINGER BEER, Gunsberg, Natrona Bottling Company, Beer Goslings Rum, Old Jamaica Ginger Beer, Q MIXERS, Stoli Group USA LLC, and Barritt’s Beverages International Ltd, among others.

Recent Developments in the Global Ginger Beer Market

East 9th introduced Lick Pier Tropical Ginger Beer in September 2021, featuring tropical fruit tastes like pineapple and passion fruit, aiming to provide consumers with a variety of taste options.
Spinifex Brewing Company announced the introduction of a new, non-alcoholic ginger beer infused with the native superfood Kakadu plum in July 2021.

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Ginger Beer Market by Segmentation

By Type:

Alcoholic
Non-alcoholic

By Flavor:

Original
Flavored

By Distribution Channel:

On-trade
Off-trade

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Demand Soaring: Capitalize on the Growing Trend of Sulfone Polymers in Key End-Use Industries

According to Future Market Insights (FMI), the global sulfone polymers market will grow quickly over the coming years, surpassing US$ 1,343.9 million in 2023. According to a comprehensive market assessment report by FMI, the demand for sulfone polymers is expected to expand at a steady compound annual growth rate (CAGR) of 5.0% between the years 2023 and 2033, indicating that this upward trend would likely continue. This anticipated market expansion shows how sulfone polymers are becoming more and more important in a variety of fields and applications.

Sulfone polymers are a class of high-performance engineering thermoplastics that have gained significant importance in various industries due to their exceptional properties and versatile applications. These polymers are characterized by a sulfone (SO2) group in their molecular structure, providing them with outstanding thermal, mechanical, and chemical resistance properties. As a result, sulfone polymers have found widespread use in demanding applications where other conventional thermoplastics may not meet the required performance standards.

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The sulfone polymers market has experienced steady growth over the past few years, driven by increasing demand from key end-use industries, including automotive, aerospace, and electronics. The growth in these sectors, coupled with ongoing research and development efforts to enhance polymer properties, is expected to continue fueling market expansion.

The rising focus on sustainability and eco-friendly materials also presents opportunities for sulfone polymers, as certain formulations can be recycled and reused. Furthermore, advancements in manufacturing processes and technological innovations are likely to drive down production costs and increase market accessibility.

Drivers of the Sulfone Polymer Market

The rapid expansion of the electrical and electronics sectors around the world is driving up demand for sulfone polymer.
Rising demand for amorphous thermoplastics with higher strength and hydrolytic stability is likely to drive market growth.
Demand for consumer goods and healthcare services is expected to drive market growth.

Restriction in the Sulfone Polymer Market

The complex process cycle involved in the production of conventional polymers, as well as the need for cost-effective raw materials, may limit the market growth.
Given its low resistance to UV light and higher cost, it is not widely used by small to medium-sized businesses.

Opportunities in the Global Sulfone Polymers Market

The demand for high-performance sulfone polymers has increased due to rapid technological advancements in the automotive and aerospace industries.
Due to their lighter weight and higher strength, composite materials made of sulfone polymers have replaced metals in the aircraft industry. This trend is anticipated to fuel the sulfone polymer market.

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Key Takeaways from the Sulfone Polymers Market

The United States is expected to account for a sizable portion of the North American sulfone polymers market. The market is expected to account for 31.6% of the global market. The rapid development of the healthcare sector has significantly aided market growth.
Polysulfone sulfone polymer sales are expected to grow at a significant 5.4% CAGR and hold a significant market share of 42.6% by 2033. End uses such as automotive, health care, and consumer goods drive demand for the polysulfone segment.
Germany is expected to hold 6.1% of the global sulfone polymers market in 2033. Several suppliers and distributors in the region serve the country’s market. This facilitates the growing demand for sulfone polymers in a variety of end-use industries and is expected to generate high demand for sulfone polymers in the country over the forecast period.
China is expected to continue to be a major producer of sulfone polymers around the world. This is primarily due to the country’s rapid industrialization. According to FMI, China is expected to account for a fair share of the global sulfone polymer market, creating an incremental opportunity of more than US$ 70.8 Mn during the analysis period.

Top Players in the Sulfone Polymers Market

Mitsubishi Chemicals Holdings Corporation
Sumitomo Chemical Co., Ltd.
Solvay SA
Saudi Basic Industries Corporation (SABIC)
Sino Polymer
UJU New Materials Co Ltd.
Shandong Horan
RTP Company

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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Vacation Rentals Market Advances to US$ 132.7 Billion, Projects 5.9% CAGR till 2033 | FMI

The global vacation rental market is expected by Future Market Insight to reach a valuation of roughly US$ 132.7 billion by 2033, representing a 5.9% compound annual growth rate. This is a noteworthy growth from its projected value of US$ 74.8 billion in 2023.

The expansion of the global tourism market has greatly influenced the increase in demand for holiday rentals. As more individuals travel internationally, the need for diverse accommodation options has risen. Vacation rentals present a compelling alternative to traditional hotels, catering to the evolving demands of travelers worldwide.

There has been a noticeable shift in traveler preferences, as individuals seek out distinctive and authentic experiences rather than conventional hotel stays. Vacation rentals have emerged as a popular choice, offering a personalized and homely environment that allows travelers to truly immerse themselves in the local culture and lifestyle.

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Vacation rentals can often be more cost-effective than staying in hotels, especially for families or large groups. Renting a vacation home or apartment typically provides more space, multiple rooms, and amenities like kitchens and laundry facilities. This can significantly reduce expenses associated with dining out and laundry services.

Travelers are increasingly favoring vacation rental properties over hotels due to the enticing combination of comfort, affordability, privacy, and their suitability for families and pets. The lower cost, coupled with comparable amenities to those offered by hotels, is a key factor driving consumers’ preference for vacation rentals. Furthermore, the adoption of the work-from-anywhere model is expected to present growth opportunities for market players during the forecast period.

The sharing economy concept has gained substantial traction, with platforms like Airbnb leading the charge. According to statistics from Stratos Jet Charters, Inc., Airbnb alone boasts a vast network of 2.9 million hosts worldwide, with an impressive addition of over 14,000 new hosts each month in 2021. In addition, Airbnb’s operations span approximately 220 countries, encompassing around 100,000 cities that actively offer Airbnb listings as of 2021.

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The growing supply of vacation rentals is contributing to the increased demand and availability of these accommodations, especially considering their cost advantages over hotels. These platforms enable property owners to rent out their homes or spare rooms to travelers. This aspect thereby creates an extensive inventory of vacation rentals. This peer-to-peer sharing model has disrupted the traditional hospitality industry and opened up many options for travelers.

The rise of online booking platforms and vacation rental marketplaces has made it easier for property owners to list their properties and for travelers to search, compare, and book vacation rentals. This increased accessibility and convenience have contributed to the growth of the market. Online travel agencies have played a vital role in driving the vacation rentals market. The extensive marketing and distribution channels provided by them have significantly increased the visibility of vacation rentals. Consequently, they attract a greater number of travelers to opt for this accommodation alternative.

Modern travelers place a premium on immersing themselves in local culture and exploring destinations from an insider’s perspective. Vacation rentals excel in providing an authentic experience. This allows travelers to reside in residential neighborhoods and engage with local communities. The desire for genuine local experiences has been a key driving force behind the increased demand for vacation rentals.

The impact of social media and the internet is amplifying consumer awareness of services and offerings in the vacation rentals market. Leading industry players are actively promoting a wide range of services, enticing locations, and amenities to capture a larger market share. Moreover, there is a growing focus on catering to the needs of female travelers, with dedicated services tailored specifically for them.

The use of home-sharing websites for travel accommodations is projected to increase among the Baby Boomer generation for several reasons. One of these reasons is their strong focus on relationships and spending quality time with family. Similar to millennials, Baby Boomers are increasingly seeking authentic travel experiences. A significant portion of this older demographic expresses a preference for dining or touring with locals while traveling.

Key Takeaways from the Vacation Rentals Market

The vacation rentals industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 5.5% through 2033.
The United States held a 4.5% share of the global vacation rentals industry in 2022.
With a CAGR of 5% over the forecast period, India is predicted to develop rapidly in the vacation rentals industry.
In 2022, Japan had a 3.7% share of the vacation rentals industry globally.
The vacation rentals industry in China is expected to flourish speedily, registering a CAGR of 6% over the forecast period.
Germany accounted for 3% of the global vacation rentals industry in 2022.

Key Players

Airbnb Inc.
9flats.com Pte Ltd.
Wyndham Destinations Inc.
Expedia Group Inc.
MakeMyTrip Pvt. Ltd.
Oravel Stays Pvt. Ltd.
Booking Holdings Inc.
Hotelplan Holding AG
NOVASOL AS
TripAdvisor Inc.
Destination Club
Tripping.com
Peer-to-Peer Property rental
Canada Stays
Homeaway

Competitive Landscape in the Vacation Rentals Market

Key players are focusing on various strategies to stay competitive and meet customer demands. A few of these strategies include

investing in technology and user-friendly platforms to enhance the booking experience
expanding their property listings globally
implementing strict quality standards
offering personalized services to cater to diverse traveler preferences
forming strategic partnerships to provide additional services and attract more travelers

Recent Developments by Key Players

In April 2023, Tangy Management, a pioneering vacation rental and property management company headquartered in Miami, unveiled its latest consumer travel booking website, setting a new standard in the vacation rental industry.

In October 2022, Holidu, a vacation rental startup based in Munich, raised US$ 102 million in a Series E funding round. The round included a combination of equity and debt financing. Existing investor 83North led the funding round.

Global Vacation Rentals Market by Category

By Accommodation Types:

Home
Apartments
Resorts / Condominium
Others

By Booking Channel:

Online
Offline

By Price Range:

Economical
Mid-Range
Luxury

By Booking Channel:

Online Booking
In-Person Booking
Phone Booking

By Tourist Type:

Domestic
International

By Age Group:

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

By Region:

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

Middle East & Africa Bio-stimulants Market: Set to Boom at 7.8% CAGR, Reaching US$ 179.2 Million by 2033

The Middle East and Africa bio-stimulants market is estimated to secure a valuation of US$ 84.6 million in 2023 and is projected to rise to US$ 179.2 million by 2033. The market is securing a CAGR of 7.8% during the forecast period.

How are Farmers Adopting Bio-stimulants in the Developing Countries?

The adoption of bio-stimulants by farmers in developing countries is a growing trend. Bio-stimulants are substances and microorganisms that, when applied to plants, can enhance their growth, yield, and tolerance to environmental stressors. These products are typically derived from natural sources, including microbes, plant extracts, and animal waste.

One way farmers in developing countries adopt bio-stimulants is through government initiatives and programs promoting their use. For example, in India, the government has launched a program to promote using bio-stimulants among farmers. Under the program, farmers are provided with free bio-stimulant samples and training on their use and benefits.

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Another way that farmers are adopting bio-stimulants is through private sector initiatives. Many companies are developing and marketing bio-stimulants to farmers in developing countries. These companies often work closely with farmers to educate them on bio-stimulants benefits and how to use them effectively.

In addition, farmers in developing countries are adopting bio-stimulants through peer-to-peer learning and knowledge sharing. Farmers who successfully used bio-stimulants in their fields are sharing their experiences with other farmers to increase awareness and adoption of these products.

Overall, the adoption of bio-stimulants by farmers in developing countries is driven by a combination of government support, private sector initiatives, and peer-to-peer learning. As more farmers adopt these products, there is the potential to improve agricultural productivity and sustainability in these countries.

Key Takeaways:

The Middle East and Africa bio-stimulants market is securing a CAGR of 7.8% with a valuation of US$ 84.6 million by 2033.
In the historic period, the market captured a CAGR of 6.8% between 2018 and 2022.
Egypt is anticipated to capture a significant share of 13.4% of the global market during the forecast period.
The Middle East and Africa bio-stimulants market secured a valuation of US$ 60.4 million in 2018.

Who is Winning?

The bio-stimulants market in the Middle East and Africa region is still in its early stages but rapidly growing. Several key players are making strategic moves in this market, including:

Agrinos: Agrinos is a global leader in biological crop inputs and has a strong presence in the Middle East and Africa. The company offers a range of bio-stimulant products designed to improve crop yields and quality.
Isagro: Isagro is a leading Italian company specialising in developing and marketing bio-stimulants and other crop protection products. The company has a growing presence in the Middle East and Africa and offers a range of innovative bio-stimulant solutions.
Koppert Biological Systems: Koppert is a Dutch company specialising in biological crop protection and natural pollination. The company has a strong presence in the Middle East and Africa and offers a range of bio-stimulant products designed to improve plant growth.
Novozymes: Novozymes is a global leader in developing bio-based solutions for various industries, including agriculture. The company offers a range of bio-stimulant products designed to improve crop yields and quality.

Recent Developments in the Middle East and Africa Bio-stimulants Market are:

In December 2021, Agrinos announced the launch of two new bio-stimulant products in South Africa. The products are designed to improve crop yields and quality in various crops, including maize, wheat, and soybean.
In November 2021, Isagro announced that it had received approval from the Egyptian Ministry of Agriculture for its bio-stimulant product, Fertirriga. The product is designed to improve crop yields and quality in various crops, including citrus and vegetables.

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Prominent Players in the Middle East and Africa Bio-stimulants Market

Yara International
Novozyme A/S
BioAtlantis Ltd.
Koppert B.V.
Syngenta AG
Seipasa
Omex Agrifluids Ltd.
Valagro SpA
Trade Corporation International-Omnia
Haifa Group
Kelp Products International
Madumbi-Andermatt Group
Greenlife Crop Protection Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani