Market Research Blog – Page 3355 – New Product Development

Strong Growth Predicted for Optical Imaging Market Poised to Reach US$ 2,319.6 million by 2034

The optical imaging market is on track for a period of solid expansion, according to a recent industry analysis. The market is projected to achieve a compound annual growth rate (CAGR) of 4.7%, with its value rising from US 1,465.4 million in 2024 to a significant US$ 2,319.6 million by 2034.

This consistent growth highlights the increasing importance of optical imaging technologies across various industries. These technologies offer a range of benefits, including non-invasive procedures, improved disease detection, and enhanced diagnostic capabilities.

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New Report Unveils Lucrative Opportunities in the Booming Global Optical Imaging Market:

A comprehensive new market research report delves into the exciting world of optical imaging, highlighting key growth areas and lucrative opportunities for industry players. The report offers an in-depth analysis of several critical segments within the broader optical imaging market:

Biomedical Optical Imaging: This segment explores the use of optical technologies for medical diagnosis and treatment.
Clinical Optical Imaging: This section focuses on the adoption of optical imaging techniques in clinical settings.
Molecular Optical Imaging: This segment investigates the application of optical imaging for studying biological processes at the molecular level.
Near-Infrared Optical Imaging: This section analyzes the use of near-infrared light for deep tissue imaging applications.
Fluorescence Optical Imaging: This segment explores the application of fluorescent molecules for enhanced image contrast.

Furthermore, the report provides a regional breakdown, examining the market potential in key areas like North America, the Middle East and Africa (MEA), and the Asia Pacific region. This regional analysis helps businesses identify the most promising markets for their optical imaging solutions.

In addition to segment and regional insights, the report offers valuable data on market value and adoption rates for various optical imaging technologies, including Optical Coherence Tomography (OCT). This information allows companies to assess the current market landscape and make informed decisions about product development and investment strategies.

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Key Takeaways from the Report:

The global optical imaging market is poised for significant growth in the coming years.
Several niche segments within the market offer lucrative opportunities for targeted solutions.
Specific regions present high market potential for optical imaging technologies.
Understanding market value and adoption rates of different technologies is crucial for business success.

Top Major Players:

Heidelberg Engineering GmBH
Carl Zeiss Meditec AG
Bioptigen Inc.
Somanetics Corporation
Raytheon ELCAN Optical Technologies
ChemImage Corporation
Cytoviva Inc.
Michelson Diagnostics
Headwall Photonics Inc.
PerkinElmer Inc.
ASE Optics Inc.
St. Jude Medical Inc.
Topcon Medical Systems Inc.
Volcano Corporation
Optical Imaging Ltd.

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Key Segments:

By Technology:

Terahertz Tomography
Optical Coherence Tomography (Oct)
Raman spectroscopy
Photo-acoustic Imaging
Diffuse Optical Tomography (DOT)
Super-resolution Microscopy
Hyper-spectral Imaging

By Application:

Dermatology
Drug development
Oncology
Dentistry
Neurology
Ophthalmology

By Region:

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

About Future Market Insights (FMI)

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

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Protein Ingredients Market Projected to Reach US$ 47.4 Billion by 2032 with 5.6% CAGR, Offering Investment Opportunities in the Nutritional Sector

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, protein ingredients market is estimated to be valued at USD 27.5 Billion in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 47.4 Billion by 2032, rising at a CAGR of 5.6% for 2022 to 2032.

Among many of the growth drivers, the use of plant- and dairy-based protein ingredients in the production of insecticides, fertilizers, paper coatings, printing inks, and paper is expected to boost protein ingredient sales during the forecast period.

Aside from that, the food and beverage industry accounts for a sizable portion of the protein ingredients market’s revenue. Protein manufacturers are developing new isolates and concentrate, increasing the use of protein ingredients in dairy products, dietary supplements, bakery products, confectionery, infant formula, and other products.

The growing demand for plant-based protein alternatives, combined with consumer interest in foods that promote health and well-being, is expected to open up new opportunities in the Protein Ingredients Market. Protein components are suitable for nutraceutical applications because they contain essential amino acids that have therapeutic properties.

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Key Takeaways from Market Study

Because of the consistency of consumer spending in the United States, the protein ingredient market will continue to grow steadily, and changes in America’s food safety laws will focus more on preventing food contamination, driving protein ingredient growth.
The government of the United Kingdom promotes healthy eating and lifestyle among its citizens and this drives the protein ingredient market.
The Food and Beverage industry in Spain is steadily expanding, increasing the demand for high-quality protein supplements.
Because of its low growth and attractive prices, Japan, a high-income country, has a significant share of the protein ingredients market.
The Australian protein market will grow at a CAGR of 7.2 percent during the forecast period (2022-2032).

“As a result of the world’s rapid population growth and rising consumer awareness about nutrition and health, the global protein ingredients industry is rapidly expanding,”says Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is winning?

Players in the protein ingredients market have adopted business expansion and product launch as key development strategies in order to increase their market share, increase profitability, and remain competitive.

In January 2019, Ingredion, Inc. announced a USD 185 million investment to expand their plant protein ingredient plant in Canada and Vanscoy, Saskatchewan in an effort to increase the company’s production capabilities, which are expected to capture the protein ingredients market during the forecast period.

Among the key players profiled in the report are Cargill, ADM, DuPont, Kerry Group, Omega Protein Corporation, Friesland, Mead Johnson Nutrition Company, Fonterra Co-operative Group, Kewpie Corporation, and Bunge Limited.

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

Market Segments Covered in Protein Ingredients Industry Analysis

By Product Type:

Animal Protein
- Whey Protein
- Casein and Caseinates
- Milk Protein
- Egg Protein
- Gelatin
Plant Protein
- Soy Protein
- Wheat Protein
- Pea Protein
- Other Plant Proteins

By Application:

Supplements and Nutritional Powder
Beverages
Protein and Nutritional Bars
Bakery and confectionery
Breakfast Cereals
Meat and Meat Products
Dairy Products
Infant Nutrition
Animal Feed
Other Applications

By Form:

Isolates
Concentrates
Other Forms

Region:

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

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T: +1-845-579-5705
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Fish Oil Market Set to Reach US$ 23.8 Billion by 2032 with 6.8% CAGR, Growing Opportunities in Nutritional Supplements

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, global fish oil market size was valued at USD 12.3 Bn in 2022 and is estimated to reach USD 23.8 Bn by 2032 with a CAGR of 6.8% from 2022 to 2032.

As health supplements grow more popular, top fish oil companies are focusing on delivering omega fish oil/omega-3 supplements in the global market. As a result of the high level of competitiveness, manufacturers are adding more nutrients to their products.

Because of the increased demand for fish oil from the pharmaceutical industry, prominent fish oil producers are focusing on developing new products for the global market.

Omega-3 fatty acids are required in large proportions in aquaculture, animal nutrition and pet feed, supplements and functional food, medications, and other industries. Furthermore, fish oil helps the neurological system work properly and enhances the cardiovascular system.

As doctors and the general public become more aware of the importance of omega-3 fatty acids, fish oil consumption has increased substantially. As a result, companies are developing nutraceutical products with enriched EPA and DHA. The increased need for EPA and DHA in human nutrition has had an impact on the global fish oil market.

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Key Takeaways from Market Study

With a market share of 32.1 percent in 2021, North America will continue to dominate the worldwide market.
China’s market is projected to be strengthened by the ingredient’s potential for sports nutrition, as well as expanding chances for highly personalised nutrition.
Australia currently controls 73.4 percent of the Oceania market and is expected to increase at an annual rate of 8.7% in the next years.
India is one of the fastest-growing economies in South Asia, and fish oil is in high demand.
In 2021, India’s fish oil demand is expected to be worth USD 37.7 million.
In 2021, sales of pharmaceutical-grade fish oil are estimated to account for more than 48% of total sales.
Fish liver oil sales are increasing as a result of the increased demand for sardine oil in animal feed.
Germany held a 24.2 percent market share in Europe in 2021

“Due to consumers’ hectic lifestyles and increased taste, ingredients, and flavour, the Fish Oil sector is on the rise. Increased product awareness, as well as industry-wide research and development, are critical elements in market expansion.”, –says Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive Landscape

The fish oil industry is slightly fragmented, varied, and competitive, with a number of small and mid-sized businesses actively engaged in product development and research. Every region has seen the growth of subsidiaries, commercial divisions, and research institutes supported by major participants in the fishmeal and fish oil sector.

Some of the leading companies offering Fish Oil are Omega Protein Corporation, FF Skagen A/S, Pesquera Diamante S.A., Copeinca AS, Marvesa Holding N.V., Pesquera Exalmar, Corpesca S.A., Colpex International, FMC Corporation, TripleNine Group A/S.

Get More Valuable Insights

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

The study divulges compelling insights on the Fish Oil based on Product ( Sardine Oil, Squalene Oil, Cod Liver Oil, Krill Oil, Salmon Oil, Tuna Oil, Menhaden Oil ,Anchovy Oil, and Others) , Grade (Food Grade , Pharma Grade and Feed Grade ), Process Type (Modified Fish Oil, Refined Fish Oil, and Crude Fish Oi), End User(Aqua feed ( Cyprinids, Marine fish, Salmon & Trout, Crustaceans, Eels, Tilapias), Food & Beverages, Dietary Supplements, Cosmetic & Beauty Product), Distribution Channel – B2B ( Manufacturers and Distributors), B2C ( Modern trade (hypermarkets & supermarkets), Convenience stores, grocery stores, medical stores, discount stores), E- commerce/ online stores, and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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Specialty Food Ingredients Market Set to Reach US$ 142.2 Billion by 2033 with 4.8% CAGR, Increasing Demand in Food Processing and Nutrition Enhancement

The global specialty food ingredients market is set to experience robust growth, with a projected CAGR of 4.8% from 2023 to 2033. This growth is driven by the increasing demand for natural ingredients across various industries, such as food, beverages, personal care, nutraceuticals, and pharmaceuticals.

Consumers are increasingly aware of the health benefits associated with specialty food ingredients, leading to a surge in their popularity. Moreover, advancements in extraction techniques enable the extraction of more potent and effective active ingredients, enhancing the quality of specialty food ingredients. The industry’s focus on sustainability and the adoption of eco-friendly extraction methods further contribute to the market’s expansion. With companies diversifying their product portfolios and investing in research and development, the specialty food ingredients market is poised for significant development in the coming years.

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Key Takeaways

With a substantial market share of 27.4%, the United States dominates the specialty food ingredients market, demonstrating its strong presence and customer demand.
With a 7.0% market share, Germany is in a prominent position, demonstrating its emphasis on quality and innovation in specialty food ingredients.
Japan holds a market share of 3.4%, demonstrating its preference for distinctive and excellent culinary experiences.
With a 1.2% market share, Australia contributes to the market, demonstrating its expanding potential and growing interest in specialty food ingredients.
With a 5.5% market share, China has emerged as a significant competitor in the market for specialty food ingredients, thanks to its sizable customer base and changing dietary preferences.
With a 6.3% market share, India shows how the country’s growing middle class and changing lifestyles are driving up demand for specialty food ingredients.
With a 4.2% market share, the United Kingdom highlights both its culinary past and the need for specialty ingredients in its varied food culture.

Competitive Landscape

The market for specialty food ingredients experiences moderate to intense rivalry brought on by a number of variables. The market’s quick expansion draws new players looking to tap into its potential. The largely uniform nature of specialty food components poses difficulties for businesses attempting to distinguish their goods, thus escalating competition. Low entry barriers make it simple for new firms to establish a presence and compete with established businesses. The negotiation power of buyers— often huge multinational corporations—intensifies competition among suppliers of specialty food ingredients. To stay competitive in this changing market, businesses must prioritize innovation, product differentiation, and solid customer relationships.

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Cargill

In the food and agricultural industries, Cargill is a world leader. They offer a wide variety of products, including flavors, colors, and textures, with a strong emphasis on specialty culinary components. Cargill has a competitive advantage in the market for specialty food ingredients thanks to their high brand recognition and extensive distribution network.

Archer Daniels Midland

ADM is yet another industry titan in the food and farming sectors. They offer a wide variety of products, including flavors, colors, and textures, with a strong emphasis on specialty culinary components. ADM has a competitive advantage in the market for specialty food ingredients thanks to their high brand recognition and extensive distribution network.

Kerry Group

In Europe, Kerry Group is one of the top producers of food ingredients. They offer a wide variety of products, including flavors, colors, and textures, with a strong emphasis on specialty culinary components. The Kerry Group is a well-known brand in Europe, and they are growing internationally.

DSM

A renowned provider of specialized food ingredients, DSM is a Dutch firm. They have a huge selection of items, including different flavors, hues, and textures. DSM places a high priority on innovation and frequently creates new goods to satisfy client demand.

Key Developments

The market for specialty food ingredients is being driven by consumers’ growing knowledge of the health advantages linked to natural ingredients across a variety of industries, including food, drinks, personal care, nutraceuticals, and pharmaceuticals. This pattern fuels the market’s expansion by reflecting a drive towards healthier and more environmentally friendly options.
To maximize the extraction of active compounds from specialty food sources, businesses in the market for specialty food ingredients are heavily investing in the development of innovative extraction methods. This makes it possible to produce specialty food ingredients that are stronger and more useful. Additionally, there is a clear emphasis on sustainability within the sector, which has prompted businesses to use environmentally friendly and sustainable techniques to extract specialty food components.

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Specialty Food Ingredients Market by Category

By Nature:

Organic
Conventional

By Type:

Antioxidants
Colorants
Emulsifiers
Enzymes
Flavors
Minerals
Preservatives
Vitamins

By End Use:

Food and Beverages
Bakery
Confectionery
Beverages
Dietary Supplements
Convenience Foods
Dairy & Frozen Foods
Functional Foods
Meat Products
Personal Care
Nutrition and Health
Nutraceutical Ingredients
Active Pharmaceutical Ingredients

By Distribution Channel:

Direct
Indirect
Hypermarkets
Supermarkets
Convenience Stores
Specialty Retail Stores
Online Retailers

By Region:

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

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Global Sandwich Containers Market is Expected to Reach at a US$ 449.7 Million by 2033 | FMI

According to Future Market Insights (FMI) research, during the projected period, the global sandwich containers market is expected to grow at a CAGR of 5.8%. The market value is projected to increase from US$ 255.9 million in 2023 to US$ 449.7 million by 2033. The global sandwich containers industry was valued at US$ 241.9 million at the end of 2022.

Global sandwich containers grew at 9.6% from 2018 to 2022, with an estimated market value of around US$ 255.9 million as of 2023. As per Future Market Insights (FMI), the plastic segment by material held a share of about 53.8% in 2022 within the global market.

The lidded segment with a market share of more than 57.2% has topped the global sandwich containers within the lid type category and is expected to grow at a CAGR of close to 6.3% over the forecast period (2023 to 2033).

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Global e-commerce trade surged during Covid-19 due to its necessity. Online shopping proved to be a viable option as retail locations remained shut and people stayed in to avoid contracting the virus.

Furthermore, fiscal support during the pandemic helped expand e-commerce adoption, by driving up overall consumption, which, owing to pandemic restrictions, could mostly be accomplished online.

E-commerce sales have remained steady even now owing to several factors which include constantly improving logistics, growing penetration of smartphones as well as marketplace expansion among others.

As per the International Trade Administration of the U.S. Government, e-commerce sales are projected to expand at a rate of over 1% each year, earning a roughly 22% proportion of total worldwide retail sales by 2024. This growth of e-commerce is also poised to impact the demand for sandwich containers.

Several manufacturers have started selling their products online not only through e-commerce websites, but also through their websites since they anticipate a boom in online sales in the near future and in also to penetrate further into international markets.

For instance, Amcor Plc, a key player, estimates that around 20% of packaging products will be sold via e-commerce within 2025.

Key Takeaways from Sandwich Containers Market

By material, the plastic sandwich containers segment is anticipated to account for around 51.8% of the market by 2033.
The lidded segment is estimated to hold the key portion of the market during the forecast period and is forecasted to account for 57.2% of the market share.
Based on the distribution channel, the retail segment is anticipated to register a CAGR of 5.2% during 2023-2033.
North America and Asia-Pacific cumulatively account for nearly 48.1% of the global sandwich containers market by the end of the forecast period.

“Sandwich containers are considered to be a highly innovative perform packaging type. These provide the external environment, as well as tampering protection. These have several benefits, such as high shelf life of sandwiches, improved safety, and easy-to-carry properties. The market is also highly competitive with the presence of various local, regional, and global manufacturers.”- says a lead FMI analyst

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Increasing Number of Cafes and Restaurants is Driving Demand for Sandwich Containers.

Sandwich containers are an increasingly prevalent kind of packaging that has grown more widespread in not only households but also restaurants and across the world. These containers come in a variety of designs and dimensions to fulfill a myriad of storage requirements.

Such sandwich containers are typically composed of high-quality plastic materials such as PET and RPET and ensure proper storage as well as consistency in terms of food quality for days.

The total number of cafes and restaurants across the world is growing at a rapid pace, driven by changing urban living conditions and lifestyles.

As per studies conducted by the National Restaurant Association, restaurant sales across the United States grew by 15% in 2022 as compared to 2021. This ongoing growth is consequently poised to drive the demand for sandwich containers.

Trends Shaping the Sandwich Containers Market

The sandwich containers industry is constantly seeking out innovative solutions that are economically and environmentally sustainable. The growing push for sustainable solutions and reduction of emissions is creating demand for eco-friendly packaging solutions. Industry leaders are starting to invest in green solutions that conserve the ecosystem.

Green consumerism is on the rise and thus more key players such as Proampac as well as Tupperware are establishing eco-friendly Sandwich Containers solutions in their product portfolio.

For instance, D&W Fine Pack LLC announced the launch of its Earth Smart® line of eco-friendly containers for the storage of deli sandwiches among others.

Customization or personalization is another trend taking the sandwich containers industry by storm. Several key players report customization requests from a wide range of manufacturers as well as wholesalers.

Customization requests include logos, texts as well as graphics as sellers strive towards attracting a wide range of customers across varying demographics and preferences.

Sandwich Containers Market Landscape

ProAmpac LLC, Schur Flexibles Holding GesmbH, Eco-Products Inc., A & K Ecofilm Ltd., and Constantia Flexibles Group GmbH, are some of the top players operating in the target market. Furthermore, Sabert Corporation, Amcor Plc, Genpak LLC, Anchor Packaging Inc., Klöckner Pentaplast Group, GM Packaging, Clondalkin Group Inc., and Tupperware Brands Corporation are other noticeable players.

Competitive Landscape

The key manufacturers operating in the sandwich containers industry are trying to focus on increasing their production capacity to meet the rising demand for sandwich containers. Moreover, the key players are increasing their product portfolio to cater to the growing sandwich containers industry. For instance,

In June 2023, ProAmpac announced the launch of its fiber-based Modified Atmosphere Packaging RAP Sandwich Wedge for the North American market.
In November 2022, Sabert Corporation announced the launch of 5 new environmentally friendly packaging containers for multiple different food items.
In April 2021, Tupperware Brands Corporation announced the expansion of its ECO+ product portfolio with the launch of Lunch-It® Containers and Sandwich Keepers.

Sandwich Containers Packaging Market Report

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global market for sandwich containers, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections on sandwich containers based on the material (metal, plastic, and paper), lid type (lidded, and hinged), and distribution channel (e-commerce/online retail, manufacturers, convenience stores, distributors, and retailers) .

Sandwich Containers Market Segmentation by Category

By Material:

Metal
Plastic
Paper

By Lid Type:

Lidded
Hinged

By Distribution Channel:

E-commerce
Manufacturers
Convenience Stores
Distributors
Retailers

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltic Countries
Middle East & Africa

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Natural Food Colors Market Poised to Exceed US$ 3.3 Billion by 2033, Amid Growing Demand for Healthier Alternatives

According to Future Market Insights (FMI), the natural food colors market is likely to reach a valuation of US$ 1.7 billion in 2023. From 2023 to 2033, a robust 7.2% CAGR is likely to propel the market to a valuation of US$ 3.3 billion in 2033.

Color has a profound impact on how people feel about food. It is considered to be the most important product-intrinsic sensory signal when it comes to affecting people’s judgements of the likely flavor and taste of food and beverages.

Color-giving substances were initially produced in domestic kitchens from locally grown plants or already-existing natural sources. Due to the industrialization of food production, food colors that were reliable across all production batches and stable for the duration of products’ shelf lives were needed.

Recent years have seen rapid expansion across a wide range of industries, thanks to the global economy’s adoption of digitization. Due to rising internet usage among consumers and the simplicity of online transactions, several natural food color producers are choosing online channels for their product promotion and sales. Consumers also favor making purchases from online merchants, which encourages businesses to strengthen their online presence.

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“The only pertinent challenge that market players have to overcome involves the pricing of natural food colors. As of now, natural food colors are more expensive than synthetic variants. However, in the coming years, increasing investments in research & development should allow players to offer competitively-priced products to consumers.” –Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Natural Food Colors Market Study

The global market for natural food colors is likely to be valued at US$ 1.7 billion in 2023.
A positive 7.2% CAGR is anticipated to drive market acceleration from 2023 to 2033.
In 2033, FMI expects the global market to attain a valuation of US$ 3.3 billion.
The United States market is slated to emerge as the most dominant force in North America between 2023 and 2033.
In Asia, the likes of China, India, and Japan are set to make significant contributions and propel the global market.

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Who is Winning?

Due to the rising demand for natural food colors, several leading manufacturers are focusing on offering it at the best possible pricing. To increase their market share and manufacturing capacity while expanding their industrial footprints, businesses are relying on integrated production methods. Leading producers of natural food colors are investing in employing multiple raw materials so that they can diversify production.

Leading players operating in the natural food colors market are Archer Daniels Midland, Sensient Technologies Corporation, Döhler GmbH, Symrise AG, Naturex S.A., Kalsec Inc., DDW The Color House Corporation, Chr. Hansen Holding A/S, McCormick & Company, Aakash Chemicals and Dyestuffs, San-Ei Gen F.FI Inc., ROHA Dyechem Pvt. Ltd. (JJT Group), GNT International BV (EXBERRY), Adama Agricultural Solutions Ltd. (LycoRed), and AFIS (Australian Food Ingredient Suppliers).

Natural Food Colors Market by Category

By Pigment Type:

Carotenoid
- Beta carotene
- Annatto
- Lutein
- Lycopene
Curcumin
Anthocyanin
Paprika extract
Spirulina extract
Chlorophyll
Carmine

By Functionality:

Dairy Food Products
Beverages
Packaged Food/Frozen Products
Confectionery and Bakery Products

By Region:

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

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Sourdough Market Forecasted to Reach US$ 365.2 Million by 2032 with 6.3% CAGR, Offering Investment Opportunities in the Baking Industry

The sourdough market is anticipated to expand at a compound annual growth rate (CAGR) of 6.3% over the forecast period. According to projections, the market value will rise from US$ 213.8 million in 2022 to US$ 365.2 million in 2032.

Western Europe continues to the largest market for sourdough, accounting for nearly 38% share of total revenues in 2022. Adoption of sourdough in Western Europe food manufacturing units continues to remain strong.

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Future Market Insights estimates the Western Europe sourdough market to increase at a CAGR of 7.1% through 2032. In terms of revenues, the market is projected to grow 2X from its 2022 market valuation of US$ 1.21 Bn. In terms of volume, over 552 thousand tonnes of sourdough was sold in 2022; FMI estimates it to reach over 975 thousand tonnes in 2032.

Opportunities in the Global Sourdough Market

Increasing demand for clean-label products has presented a lucrative opportunity for businesses
Use of sourdough is also gaining traction owing to its application in preparation of foods that require fermentation

Key Supply-side and Demand-side Drivers

According to Future Market Insights’ report, demand for sourdough is increasing on account of its beneficial functional properties. Its property of enhancing flavour and texture is a key factor for its applications in the F&B sector, especially bakery sector
Increase in the number of artisan bakeries is positively influencing the demand for sourdough. Particularly high demand for type 1 sourdough – made using only wild yeasts – is being witnessed in artisan bakeries
Availability of sourdough products on e-commerce stores is also contributing to increasing sales
Growing demand for sourdough from the fast food and bakery sector is creating sizeable growth opportunities for manufacturers

High cost of sourdough products is a major impediment to their widespread adoption in developing countries.

Key Trends Expected to Shape Global Sourdough Market

Dehydrated sourdough (Type III) is gaining traction in the bakery industry. Freeze-drying remains the preferred dehydration technique for manufacturers.
Manufacturers are using devitalised sourdough for enhancing the aroma of products. Devitalised sourdough does not contain live organisms, enhancing its use as an aromatic agent
Consumer demand for healthy food products has resulted into the launch of chocolate sourdough loaves. Further, Future Market Insights identified increasing use of type I sourdough.

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Sourdough Market Forecast and Analysis by Starter Culture

Type III starter culture currently accounts for nearly half of the revenue share of the global sourdough market. Over 773 thousand tonnes of sourdough was sold in 2016; by the end of the forecast period, Future Market Insights estimates global volumes to surpass 1.3 million tonnes.

Key companies profiled by Future Market Insights in its report include Puratos NV, Ernst Böcker GmbH & Co. KG, IREKS GmbH, Kampffmeyer Mühlen GmbH, Philibert Saveurs, Lesaffre, Dilbeek, Minden, Kulmbach, Hamburg, Pont-de-Veyle, and Marcq-en-Barœul.

Future Market Insights maintains a positive outlook on the global sourdough market, projecting it to grow by 6.8% CAGR through 2026 in terms of value. In terms of volume, demand is projected to grow at 5.5% CAGR.

Key segments covered in the global sourdough market report

By Application

Bread
Pizza
Buns
Cakes
Cookies
Waffles and Pancakes
Others

By Region

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

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MENA Nutraceuticals Market Analysis with Focus on GCC, Highlighting Growth Drivers and Key Players – Kellogg’s BASF SE, Danone, General Mills, Nestle SE

The MENA nutraceuticals market is expected to display an impressive 7.1% CAGR between 2015 and 2020. According to FMI reports, the current covid-19 pandemic is moderately impacting the MENA nutraceuticals industry, as supplies of products run out, despite high demand for preventive healthcare and dietary supplement products. Sales continue apace as consumers seek nutraceuticals for immune boosting properties against the covid-19 virus.

“The demand for dietary supplements is still nascent in the Middle East and North Africa region, which is rapidly growing owing to rise in self-medication, health awareness, the emergence of new brands, and investments in distribution networks, which will sustain sales growth long after the contagion comes under control,” –Nandini Roy Choudhury, Client Partner at Future Market Insights

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MENA Nutraceuticals Market – Important Takeaways

Probiotic supplements is a fast-growing segment, driven by consumer awareness about potential health benefits.
Supermarkets and hypermarkets are the primary distribution channels for nutraceuticals in the MENA region, supported by a robust retail infrastructure.
GCC is a key nutraceuticals market in MENA, aided by a large aging population and higher disposable income.

MENA Nutraceuticals Market – Driving Factors

Rapid growth of the pharmacy and retail sectors supports sales of nutraceuticals in MENA.
Strong demand for dietary supplements, propelled by health-conscious population bolsters sales.
Rise in disposable incomes coupled with expenditure on health foods is aiding market growth.

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MENA Nutraceuticals Market – Leading Constraints

Poor regulatory standards governing the MENA nutraceuticals market is a major constraint to market growth.
Lack of awareness about nutraceutical products, particularly in rural regions holds back sales and revenue.

Expected Impact on Market by COVID-19 Outbreak

Lockdown and social distancing measures to curb the outbreak are having a disruptive effect on nutraceutical supplies in the MENA region. In addition, restrictions on international trade is also affecting inventories, which will have a moderate impact on the MENA nutraceuticals market. Strong demand for nutraceuticals for preventive healthcare purposes will sustain market developments through and after the pandemic.

Competition Landscape

Some of the top players operating in the MENA nutraceutical market are Kellogg’s BASF SE, Danone, General Mills, Nestle SE, and Amway. Market players are pushing for strategic mergers and acquisitions to bolster market presence. For instance, Salt of the Earth is promoting clean label sodium reduction ingredients in nutraceuticals.

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Natural Cinnamic Aldehyde Market to Boom: Eco-Friendly Fragrance Poised for 3.3% CAGR Growth by 2033

In 2023, the natural cinnamic aldehyde market is expected to be worth US$ 1,060 million. By 2033, the market is projected to cross US$ 1,611.0 million with a CAGR of 3.3% over the forecast period. The natural cinnamic aldehyde industry is experiencing significant growth, driven by several key factors. One of the primary drivers is the increasing demand for natural and sustainable ingredients in various consumer products.

Natural cinnamic aldehyde, derived from plant sources, offers a unique fragrance profile that appeals to conscious consumers seeking authentic and eco-friendly products. The rising popularity of organic and natural cosmetics, perfumes, and household products has fueled the demand for natural cinnamic aldehyde, creating new opportunities for manufacturers and suppliers in the industry.

While the natural cinnamic aldehyde industry presents promising prospects, companies and manufacturers also face certain challenges. One of the primary obstacles is the limited availability and sourcing of high-quality natural cinnamic aldehyde. As demand increases, ensuring a consistent and sustainable supply becomes crucial.

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The growing demand for natural cinnamic aldehyde opens up exciting investment opportunities in the industry. Investors can explore partnerships with established manufacturers and suppliers to capitalize on the rising demand for natural fragrance ingredients. Investing in research and development of innovative extraction and purification techniques can also yield significant returns. Furthermore, there is potential for expansion into new geographical markets, targeting regions where consumer preferences for natural and sustainable products are on the rise. Investing in sustainable sourcing practices and eco-friendly production methods can further enhance market positioning and appeal to environmentally conscious consumers.

The natural cinnamic aldehyde industry is witnessing unique trends that are shaping its future. One notable trend is the integration of natural cinnamic aldehyde in niche and artisanal fragrance creations. Perfumers and fragrance houses are exploring the distinctive scent profiles offered by natural cinnamic aldehyde to create unique and captivating fragrances. Another trend is the growing focus on transparency and traceability in the supply chain. Consumers are increasingly interested in knowing the origin of the ingredients in their products, prompting manufacturers to provide detailed information about the sourcing and production processes.

Key Takeaways from the Natural Cinnamic Aldehyde Market:

In 2023, the United States holds a value share of 13.3% in the natural cinnamic aldehyde market.
Germany accounts for a value share of 5.1% in the global market for natural cinnamic aldehyde.
Japan represents a share of 5.9% of the global natural cinnamic aldehyde industry.
Australia holds a value share of 0.9% in the natural cinnamic aldehyde industry.
China has a value share of 4.5% and a notable CAGR of 5.1% in the natural cinnamic aldehyde industry.
India accounts for a value share of 5.0% and exhibits a significant CAGR of 4.5% in the natural cinnamic aldehyde industry.
The United Kingdom holds a value share of 2.8% in the natural cinnamic aldehyde industry.
Flavoring agent segment dominates the natural cinnamic aldehyde industry with a share of 79.8%.
The Food & Beverages industry is the largest end-use segment, accounting for 36.9% of the natural cinnamic aldehyde industry.

Natural Cinnamic Aldehyde Market: Key Companies

Robertet SA
WEN International Inc.
Fleurchem, Inc.
Sunaux International
Graham Chemical Corporation
Indukern F&F
Aurochemicals
Elan Chemical Company Inc.
ERNESTO VENTOS SA
FInOrIC LLC

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What are Key Players Doing to Thrive in the Natural Cinnamic Aldehyde Industry?

In the natural cinnamic aldehyde industry, several key players have emerged as frontrunners, employing various strategies to maintain their dominance in the market. These industry leaders invest heavily in research and development to enhance their product offerings, continuously exploring innovative extraction techniques and sustainable sourcing practices to meet the evolving demands of the market.

While the natural cinnamic aldehyde industry offers immense opportunities, key players face significant challenges. One major obstacle is the increasing competition from new entrants and the threat of substitution from synthetic alternatives. To overcome this challenge, established players must focus on product differentiation and innovation, ensuring that their natural cinnamic aldehyde offerings stand out in terms of quality, sustainability, and fragrance profiles.

One area of potential investment lies in establishing sustainable and vertically integrated supply chains. By investing in sustainable farming practices, cultivation of cinnamic aldehyde-rich botanical sources, and efficient extraction processes, new entrants can ensure a consistent and reliable supply of natural cinnamic aldehyde. Collaborating with fragrance houses and consumer goods companies to develop customized fragrance solutions also opens up avenues for investment and growth.

The natural cinnamic aldehyde industry is not immune to evolving trends that shape the fragrance landscape. One prominent trend is the increasing consumer preference for clean and sustainable fragrance ingredients. Key players in the industry are responding by prioritizing sustainable sourcing, implementing eco-friendly production practices, and obtaining certifications that demonstrate their commitment to environmental responsibility. Another notable trend is the integration of natural cinnamic aldehyde in niche and luxury fragrance formulations. Perfume brands are leveraging the unique scent characteristics of natural cinnamic aldehyde to create captivating and exclusive fragrances, catering to the discerning tastes of fragrance enthusiasts.

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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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Nandini Singh Sawlani

Sulfuric Acid Market to Boom: US$ 26,586.30 Million by 2023, Fueled by Fertilizer Demand

The global sulfuric acid market size is poised for significant growth, projected to surpass US$ 19,030.60 million by 2023. The sulfuric acid sales are expected to witness a CAGR of 3.40% from 2023 to 2033. By 2033, the sulfuric acid catalyst market is anticipated to reach a valuation of US$ 26,586.30 million.

Growth Stimulants for the Sulfuric Acid Market

The quick adoption of sulfuric acid as a fertilizer has increased crop yields while improving crop quality and quantity.
The sulfuric acid catalyst market expansion is driven by rising industrialization, increased research and development using sulfuric acid, and increased urbanization.
Growing consumer demands for higher-quality crops with nutrients in vegetables and meeting the demands to boost the amount of agricultural products manufactured using fertilizers.
The sulfuric acid market developed due to the swift adoption of electric vehicles and the expansion of the automotive industry due to rising consumer demand.

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Hurdles in the Sulfuric Acid Industry

Consumer demand for sulfuric acid as a fertilizer to boost crop yields has increased, which is hazardous to the body and is subject to regulations. A rise in the sulfuric acid rates consistently impedes sulfuric acid catalyst market expansion.
There is a lack of expertise among individuals when it comes to using concentrated sulfuric acid, which is extremely dangerous. A lack of skill could cause a decrease in market growth for sulfuric acid.
The growth of the sulfuric acid market may need to be improved by the availability of substitutes for use in product processing, manufacturing, and production in the chemical industry that can adapt to new chemicals.

Regional Outlook

Owing to the strong presence of industries like mining, agriculture, and chemicals, the sulfuric acid market in North America is predicted to advance steadily.
In North America, the use of cleaner production methods is being encouraged by strict environmental regulations.
Due to the established industrial base, the sulfuric acid market in Europe is expected to grow at a moderate rate.
Market growth for sulfuric acid is going to be fueled by Europe’s emphasis on sustainability and rising sulfuric acid demand from the production of electronics and automobile batteries.
Due to the swift industrialization of nations like China and India, the Asia Pacific sulfuric acid catalyst market is expected to develop significantly.
Primary consumers are the chemical, construction, and agricultural industries in Asia Pacific. Rising urbanization is pushing up the demand for sulfuric acid.

“Sulfuric acid is essential in the manufacturing and industrial sectors, particularly in manufacturing phosphate-based fertilizers. With the expansion of the food industry, fueled by the rising population and developing-country spending power, demand for sulfuric acid fertilizers is advancing. Asia Pacific industrial growth is stimulating the global sulfuric acid industry.” Says Analyst at Future Market Insights, Inc.

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Key Takeaways

The segment for elemental sulfur is predicted to grab a sulphuric acid market share of 59.4%.
A 96.2% market share for sulfuric acid is anticipated for the standard purity type sector.
The United States sulfuric acid sales are anticipated to surge at a CAGR of 2.3% by 2023.
The Canada sulphuric acid market is anticipated to accelerate at a CAGR of 2.1% from 2023 to 2033.
Germany sulfuric acid market is to develop at a CAGR of 3% through 2023.
The France sulfuric acid industry is expected to accelerate a CAGR of 2.7% between 2023 and 2033.
The sulfuric acid demand in the United Kingdom is to witness growth at a CAGR of 2.6% from 2023 to 2033.
The Italy sulfuric acid market is to record a CAGR of 2.3% through 2023.
The Spain sulfuric acid market expects growth from 2023 to 2033 at a CAGR of 2.4%.
China sulfuric acid sales are expected to surge at a CAGR of 3.6% until 2033.
India sulfuric acid industry is anticipated to boost at a CAGR of 3.5% by 2023.
ASEAN sulfuric acid sales to soar at a CAGR of 3.3% between 2023 and 2033.
ANZ sulfuric acid industry to register a CAGR of 2.9% through 2023.
Japan sulfuric acid market may exhibit a CAGR of 2.8% by 2023.

Competitive Landscape

Owing to the abundance of sulfuric acid suppliers and sulfuric acid manufacturers, the global industry is highly competitive. While controlling distribution costs, these businesses employ various strategies to satisfy the expanding demand and broaden their global reach. Companies are turning to tactics like mergers, acquisitions, joint ventures, and expansions to take full advantage of the opportunities that global markets present.

Recent Developments

Industrial plants started using BASF’s O4-111 X3D and O4-115 X3D sulfuric acid catalysts in July 2022, the first made using the new technology.
The new onsite Waste Heat to Power Plant at PVS Chemicals, Inc. capture waste steam to produce 2.6 MW of renewable electricity through a steam turbine generator in August 2022. Energy Systems Group, LLC is a leading provider of sustainable energy solutions and a wholly-owned subsidiary of CenterPoint Energy, Inc. This partnership will significantly improve sustainability at PVS Chemicals’ sulfuric acid plant.
The additional capacity of the sulfuric acid plant was put into service by Oriental Carbon and Chemicals in April 2022. With effect from March 2025, the company is authorized by ICC to use the ‘Responsible Care’ logo.

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Sulfuric Acid Market Top Players

BASF SE
Ineos Group Ltd
KANTO Corporation
Aurubis AG
Avantor Performance Materials, LLC
PVS Chemicals Inc.
Seastar Chemicals
KMG Chemicals
Qingdao Hisea Chem Co.Ltd
Linde Group
Nouryon
Cornerstone Chemical Company
Ma’aden – Saudi Arabian Mining Company
Canada Colors and Chemicals Limited
Hubei Xingfa Chemicals Group Co., Ltd

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