Rising Demand for High-End Personal Care Products Propels Global Cholesteryl Isostearate Market Towards US$ 40.97 billion Valuation by 2032

The global cholesteryl isostearate industry is predicted to reach a valuation of US$ 40.97 Billion by 2032, with sales growing at a strong CAGR of 8% from 2022 to 2032. Valued at US$ 17.57 Billion in 2021, the target market is driven by the growing consumption of personal care and grooming products. The escalating demand for cosmetics and beauty items will likely propel the growth of the cholesteryl isostearate market during the forecast period.

Major factors propelling the growth for the cholesteryl isostearate market are the changing preferences of consumer across the world. Nowadays, consumers opt for items with exceptional functional benefits and this drives the demand for products like cholesteryl isostearate. High-end specialty active compounds such as cholesteryl isostearate are being developed in order to cater to this consumer trend.  Moreover, innovation and sustainability initiatives will likely contribute considerably to the growth of the cholesteryl isostearate market during 2022-2032.

However, though the target market is expected to undergo significant growth, factors like stringent cholesteryl isostearate regulations along with fluctuating raw material prices may hamper the global sales of the cholesteryl isostearate over the assessment period of 2022-2032. Besides, the increasing demand for organic beauty products might also impede target market growth during this period.

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Conversely, natural and organic beauty products rely heavily on correct cultivation, ambient conditions, and ingredient extraction. This aspect is anticipated to spur the demand for the cholesteryl isostearate market. Again, natural components are far more costlier than synthetic ingredients. Consequently, all of these factors, in addition to others, work in tandem to ensure steady and robust growth for the cholesteryl isostearate market during the forecast period.

“Growing consumer preference for products with excellent functional benefits are expected to facilitate the global growth of the cholesteryl isostearate market over the forecast period,” says an FMI analyst.

Key Takeaways in Cholesteryl Isostearate Market:

  • Fluctuating raw material prices and implementation of stringent regulations may limit the growth of the cholesteryl isostearate market.
  • Advancing cosmetics industry presents Latin America as a lucrative market for cholesteryl isostearate products.
  • The  cholesteryl isostearate market in Asia Pacific is expected to generate substantial revenue during 2022-2032.
  • An emphasis on modern lifestyles in established markets like North America and Europe will further propel the  cholesteryl isostearate market in these regions.

Competitive Landscape in Cholesteryl Isostearate

In a competitive market, leading players are focusing on product innovation and development to meet the growing consumer demands. Many firms in this market are increasing their investment in new product development. Some other players are adopting organic and inorganic strategies like partnerships, collaborations, and merger tactics to gain the upper hand. It is estimated that key players control over half of the cholesteryl isostearate market share.

Some of the major players in the cholesteryl isostearate market profiled in the full version of the report

  • Chemi-Navi
  • Alfa Chemistry
  • Nikko Chemicals Co., Ltd.
  • Kao Chemicals
  • Santa Cruz Biotechnology, Inc.
  • C/D/N ISOTOPES INC.
  • Corden Pharma
  • Double Check Vegan
  • Merck KGaA

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More Insights into Cholesteryl Isostearate Market Report

In its latest report, FMI offers an unbiased analysis of the global cholesteryl isostearate market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application and region.

According to the latest FMI reports, based on segmentation, the conditioning, emollients, and viscosity conntrilling application of cholesteryl isostearate will contribute substantially  to the overall market growth of the target product.

Based on region, the cholesteryl isostearate market in Asia Pacific will demonstrate impressive growth over the projected period. The target market in this region will be primarily driven by factors like increasing population and urbanization, surging per capita consumption, and shifting consumer preference. The Asia Pacific region is expected to account for a significant portion of the global cholesteryl isostearate market revenue. Additionally, Latin America will also exhibit remarkable growth owing to a competitive market landscape and the expansion of the cosmetics industry. A general emphasis on modern lifestyle will further propel the growth of the cholesteryl isostearate market during the forecast period.

Key Segments Profiled in the Cholesteryl Isostearate Market Survey

By Application:

  • Conditioning Agent
  • Emollients
  • Viscosity Controlling Agent
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Medical Plastics Market Forecasted to Surpass US$ 32,293.4 million by 2033, Fueled by Expanding Healthcare Sector and Rising Demand for Hygienic Solutions

The medical plastics market is expected to showcase a 7.0% CAGR in the assessment period from 2023 to 2033. It is likely to cross US$ 16,462.6 million in 2023 and top a valuation of US$ 32,293.4 million by the end of 2033.

The need for medical plastics is expected to increase as a result of medical technology and innovation advancements. Medical equipment that is more advanced, specialized, and strong is constantly needed as medical research advances.

Syringes, IV tubes, catheters, surgical equipment, and diagnostic tools are just a few of the products that are manufactured using medical plastics. These are anticipated to help in surging the demand.

The market for specialized medical equipment that is adaptable to different sterilization techniques can also grow. Plastics made for medical use are expected to provide the best answer. They can be sculpted into intricate shapes, added special characteristics, and kept functional under difficult medical conditions.

Global attention to patient safety and infection control has increased demand for medical plastics. Healthcare organizations such as hospitals are always looking for strategies to reduce the risk of infections and enhance patient outcomes.

Medical plastics are naturally antibacterial and are simple to clean and sterilize. They are a favored option for medical equipment and disposable products as they can reduce the risk of contamination and infection transmission.

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Demand for medical plastics can be significantly influenced by environmental factors as well. The need for environmentally friendly medical solutions is rising as sustainability becomes a top focus for several sectors, including healthcare.

Environmentally friendly medical polymers have developed over time. The adoption of recyclable and biodegradable materials by manufacturers is anticipated to lessen the environmental impact of medical waste.

Key Takeaways from Medical Plastics Market Study:

  • The medical plastics industry observed significant growth at a CAGR of 0% in the historical period from 2018 to 2022.
  • North America is estimated to hold around 1% of the global medical plastics industry share in 2023.
  • The polyvinyl chloride (PVC) segment is estimated to hold around 2% of the medical plastics industry share in 2023.
  • The medical parts and components segment held the largest revenue share of over 42% and dominated the end-user category in 2022.
  • The top 5 countries are set to generate a collective share of around 2% in 2023.

“Medical plastics are frequently more readily produced and less expensive to manufacture than more conventional materials such as metals or glass. Consequently, these are regarded as a financially sensible option for medical tools and equipment. Their appeal to healthcare practitioners around the world is further increased by the fact that they are lightweight, which can also help with reduced shipping costs and ease of handling.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Medical plastic producers are investing in research & development to produce cutting-edge medical plastics with distinctive features, increased usefulness, and enhanced performance. They might gain an edge over conventional products by creating innovative materials and technologies that enable them to provide cutting-edge solutions to healthcare practitioners.

They are placing more and more emphasis on providing tailored and individual solutions to address the unique requirements of healthcare facilities and end users. They might more effectively meet various demands of the healthcare sector and fortify their customer relationships by offering products & services that are built to order.

For instance,

  • In March 2022, ABB Technology (ABB) automated NatureWorks’ brand-new bioplastics facility in Thailand to meet the growing need for alternatives to fossil-based products around the world. About 75,000 metric tons of Ingeo PLA (polylactic acid) biopolymer will be produced annually at the new factory.

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Medical Plastics Market Outlook by Category

By Plastic Type :

  • Polyvinyl Chloride (PVC)
  • Thermoplastic Elastomer (TPE)
    • Thermoplastic Elastomer Vulcanizates (TPE-V)
    • Thermoplastic Elastomer Styrenics (TPE-S)
  • Polyethylene (PE)
  • Polycarbonate (PC)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyamides
  • Thermoplastic Polyurethane (TPU)
  • Polymethyl Methacrylate
  • Acrylonitrile Butadiene Styrene (ABS)
  • Silicone Rubber
    • Liquid Silicone Rubber
    • High Consistency Rubber
    • Room Temperature Vulcanizing (RTV) Silicone
    • Silicone Adhesives
    • Others

By End Use:

  • Medical Parts & Components
    • Dropper Bulbs
    • Drip Chambers
    • Gaskets & Stoppers
    • Orthopedics
    • Blood Collection Chambers
    • Medical Containers
    • Others
  • Tubing
    • Catheter Tubing
    • Drug Delivery
    • Gas Supply
    • Peristaltic Pump
    • Oxygen Tubing
    • Blood Transport & Delivery
    • Others
  • Film and Bags
    • Biopharmaceutical Storage
    • Saline Bags
    • Waste Bags
    • Others
  • Surgical Tools
    • Scalpels
    • Forceps
    • Scissors
    • Others
  • Medical Cables and Connectors
    • Diagnostic Equipment
    • Prosthetics
    • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia Pacific
  • Russia and Belarus
  • Balkan and Baltics
  • Central Asia
  • Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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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Global Textile Colors Market Direct Dye Emerges as Revenue Leader with Over 6.2% CAGR Forecasted till 2032 Amidst Environmental Concerns

Textile Colors Market
Textile Colors Market

According to Future Market Insights, a market research and competitive intelligence provider, Global consumption of Textile Colors experienced significant growth over a five- to six-percentage-point increase in the last five years. The global Textile Colors market was valued at US$ 5.8 Billion in 2021 and is expected to reach a valuation of US$ 11.1 Billion by 2032, expanding at a CAGR of 6.2% between 2022 and 2032. Textile Colors are dyes that are used to produce various textiles such as fabrics, yarns, and fibers. This specific dye may be found as a liquid solution, dry powder, or solid chunk.

One of the principal factors driving the growth of the Textile Colors market is increasing innovation in the Textile Colors sector. Furthermore, demand for vibrant fabrics and fibers, significant R&D expenditures in plant-based dyes, increased demand for Textile Colors in the Asia-Pacific region, and lower costs in production are likely to drive this sector forward.

The dye may be produced as semi-continuous, continuous, or batch processes. Textile Colors are commonly employed in a variety of industries, including the creation of material to arrange garments and loose fibers through yarn.

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However, over-capacity in the marketplace for Textile Colors and fluctuations in the prices of raw materials restrict the market of Textile Colors, while, stringent environmental regulations and leftover by-products of the production process are non-biodegradable and significantly hinder market expansion.

Key Takeaways from the Market Study

  • Textile Colors Market was valued at US$ 5.8 Bn in 2021. According to Future Market Insights, Textile Colors market revenue would increase 1.8X between 2022 and 2032, reaching roughly US$ 11.1 Bn in 2032.
  • In terms of Dye Type, the Direct Dye is projected to account for the highest projected CAGR of over 6.5%.
  • In terms of Fiber Types of Textile Colors, revenue through the Polyester category is expected to be the highest. Revenue growth through this category is projected to witness a CAGR of 4.5% during the historical period.
  • The US remains the dominant region in the Textile Colors Market with an absolute dollar growth opportunity of over US$ 1.8 Bn.

Winning Strategy

Water is used extensively in the dyeing and bleaching of textiles. As the water level drops with each passing day, it is becoming increasingly important to develop dying processes and methods that use less water. The need for organically derived eco-friendly dyes is expected to increase in the near future. This is due to the fact that consumer awareness has risen. Producers are also making it a point to supply less harmful products as part of their corporate social responsibility.

Competitive Environment

Leading textile dye manufacturers use a variety of expansion tactics, ranging from new product releases to full or partial mergers and acquisitions, partnerships, and capacity expansion.

Some of the key players operational in the Textile Colors market

  • Huntsman Corporation
  • Kiri Industries Ltd.
  • Atul Ltd.
  • LANXESS AG
  • Zhejiang Longsheng Group Co. Ltd.
  • Zhejiang Runtu Co. Ltd.
  • Jihua Group
  • Archroma Management LLC
  • Colorant Limited
  • JAY Chemicals Industries Limited
  • Jiangsu Yabang Dyestuff Co. Ltd.
  • Shanghai Anoky Group Co. Ltd.
  • Shandong Qing Shun Chemical Co. Ltd.
  • Jiangsu Zhijiang Chemical Co. Ltd.

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Some of the recent developments of key Textile Colors providers are as follows:

  • In June 2021, Archroma’s Polyester Library introduced the Color Atlas in with 1,440 hues for sportswear, athleisure, swimwear, children’s clothes, shoes, fashion, and home textiles. The atlas enables experts to rapidly create the palettes they want.
  • In July 2020, Sun Chemical purchased the ink business of Sensient Technologies Corporation, thus expanding the former’s product portfolio for textile and dye sublimation printing.

Market Segments Covered in Textile Colors Market Analysis

By Dye Type:

  • Disperse
  • Reactive
  • Direct
  • Acid
  • Vat
  • Basic

By Fiber Type:

  • Cotton
  • Viscose
  • Wool
  • Nylon
  • Polyester
  • Acrylic

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Converted Flexible Packaging Market on Trajectory for Impressive Growth, Fueled by Food & Beverage and Pharmaceutical Industries

According to research conducted by Future Market Insights, the global converted flexible packaging market is poised for significant expansion, with a projected valuation of US$ 302.5 billion in 2023. Furthermore, the market is expected to achieve a robust Compound Annual Growth Rate (CAGR) of 4.7%, reaching US$ 478.9 billion by the year 2033.

One of the key drivers behind the soaring demand for converted flexible packaging is the upward surge of the food & beverage and pharmaceutical industries. As the food & beverages market experiences remarkable growth, packaging industry leaders are compelled to innovate and develop distinctive packaging solutions tailored to meet the evolving demands of modern consumers.

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Recent consumer studies have highlighted a preference for easy-to-carry packaging options for food & beverage products, with consumers seeking packaging that offers convenience and enhances their overall product experience. Consequently, consumers are increasingly willing to invest in the latest packaging solutions that address the limitations of traditional rigid packaging options.

Business Trends:

  1. Sustainability Drive: Consumers are increasingly demanding eco-friendly packaging solutions. Converted flexible packaging companies are adopting sustainable materials, recyclable packaging, and reducing their carbon footprint to align with market demands.
  2. Advanced Technology Integration: Automation, robotics, and digital printing are revolutionizing the converted flexible packaging industry. Companies are investing in state-of-the-art technologies to enhance efficiency, reduce costs, and improve product quality.
  3. Customization and Personalization: With the rise of e-commerce and direct-to-consumer brands, there’s a growing need for customized packaging solutions. Converted flexible packaging companies are offering personalized designs, sizes, and features to meet the unique requirements of various brands and products.
  4. Health and Safety Standards: Stringent regulations regarding food safety and hygiene are driving innovation in converted flexible packaging. Companies are developing packaging solutions with enhanced barrier properties, antimicrobial coatings, and tamper-evident features to ensure product integrity and consumer safety.
  5. Supply Chain Resilience: The COVID-19 pandemic highlighted the importance of supply chain resilience. Converted flexible packaging companies are diversifying their supplier base, implementing robust contingency plans, and adopting agile manufacturing practices to mitigate risks and ensure continuity of operations.

Future Growth Opportunities in Converted Flexible Packaging Industry:

  1. Biodegradable Materials: There’s a growing demand for biodegradable and compostable packaging solutions. Companies investing in research and development of biodegradable materials like bio-based plastics or cellulose-based films can capitalize on this emerging trend.
  2. Smart Packaging Solutions: Integration of smart technologies like RFID tags, QR codes, and sensors into flexible packaging enables functionalities such as product tracking, authentication, and temperature monitoring. Investing in smart packaging solutions offers opportunities for enhanced product differentiation and consumer engagement.
  3. E-commerce Packaging Solutions: The rapid growth of e-commerce is driving demand for packaging solutions optimized for online retail. Companies focusing on developing packaging designs that minimize shipping costs, reduce packaging waste, and enhance product presentation stand to benefit from this trend.
  4. Convenience Features: Consumers are increasingly seeking convenience in packaging, such as resealable closures, easy-open features, and portion control options. Developing packaging solutions that prioritize convenience while maintaining product freshness and shelf life presents a significant growth opportunity.
  5. Functional Packaging: There’s a rising demand for packaging that serves additional functions beyond containment and protection, such as microwaveability, oven-safe properties, or extended shelf life features. Investing in innovative functional packaging solutions can cater to evolving consumer preferences and market needs.

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Market by Category:

By Material,

  • Plastic
    • Synthetic Polymers
    • Bio-based Polymers
  • Paper
  • Metal(Foil)

By Product Type,

  • Bags & Sacks
  • Pouches
  • Sachets & Stick Packs
  • Tapes
  • Labels
  • Tubes
  • Liners

By End Use,

  • Food & Beverage
  • Healthcare
  • Cosmetics & Personal Care
  • Electronical & Electronics
  • Agriculture
  • Building & Construction
  • Other Consumer Goods

By Region,

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

Author:   

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Innovative Wristwatch Packaging Solutions Propel Market Growth, Predicts Study

The global wristwatch packaging market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.2% through 2032. According to recent research, the market is expected to soar to an estimated valuation of US$ 4025.72 million by 2032, a significant increase from its current value of US$ 2424.86 million in 2022.

The surge in demand for wristwatch packaging can be attributed to several factors, with a notable emphasis on catering to the preferences of the millennial generation. This demographic cohort, known for its affinity towards brands, luxury, and innovation, has spurred manufacturers to reimagine traditional packaging methods. As a result, wristwatch packaging solutions have evolved, with manufacturers investing in sophisticated designs and creative concepts to appeal to consumer tastes.

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Business Growth Opportunites and Trends: 

  1. Sustainable Packaging Solutions: As environmental concerns continue to rise, consumers are increasingly demanding eco-friendly packaging options. Wristwatch brands are likely to invest in sustainable materials such as recycled paper, cardboard, or biodegradable plastics for their packaging, presenting a significant growth opportunity in the market.
  2. Personalized Packaging Experience: With the growing trend of personalization, wristwatch brands can offer customized packaging options to enhance customer experience. Tailoring packaging designs, colors, and materials to match individual preferences can create a unique and memorable unboxing experience, driving customer loyalty and brand differentiation.
  3. Integration of Technology: Incorporating technology into wristwatch packaging, such as NFC tags or QR codes, can provide customers with additional information about the product, brand story, or exclusive digital content. This trend not only adds value to the packaging but also opens up avenues for interactive marketing strategies and data analytics.
  4. Luxury Packaging Innovations: High-end wristwatch brands are constantly seeking innovative packaging designs to reflect the luxury and exclusivity of their products. Future growth opportunities lie in the development of premium packaging materials, intricate detailing, and craftsmanship that complement the sophistication of luxury timepieces, thereby enhancing brand prestige and perceived value.
  5. E-commerce Packaging Solutions: With the surge in online shopping, there is a growing need for packaging solutions tailored to the requirements of e-commerce distribution channels. Wristwatch brands can capitalize on this trend by designing packaging that ensures product protection during shipping, minimizes waste, and provides a seamless unboxing experience for customers purchasing online, thus tapping into the expanding e-commerce market segment.

Wrist Watch Packaging Market Overview

Branding is one of the key influencing tools for wrist watch sales which has strengthen the revenue of wrist watch market. One of the factors which helps in an impulse purchase of watches is due to sophisticated and stylish packaging boxes and cases of wrist watches.

Traditionally wooden and metal material used for packaging wrist watches accounted for significant percentage of share in wrist watch packaging, but currently with plastic material sharing similar properties, the use of plastic boxes has increased.

Besides, product innovation and technological development in machine have increased the overall production output at minimal cost. All such factors have led manufacturers to tap the untapped regions of the Middle-East and Asia Pacific excluding Japan.

The shapes of wrist watch packaging boxes and cases have evolved from traditional round and square shape to triangle and diamond shaped boxes and cases which helps to differentiate the packaging for wrist watch packaging manufacturers.

All such factors have contributed to increase consumption in the region of Asia Pacific which accounts for prominent use of wrist watch packaging and are further projected to remain dominant in global wrist watch packaging market over the forecast period.

Market Dynamics

Manufacturers of wrist watch are focusing on product innovation and development as watch manufacturers highly demand elegant box design. Organized retail stores act as a key influencing platform to display watch boxes and cases so as to cater the demand of luxury watch segment consumers. Also, easy availability of raw material such as HDPE and PET plastic have increased the supply capacity of wrist watch packaging manufacturers.

Moreover, technological development in wrist watches has led to innovation of smart watches such as Google, Apple, Samsung, etc., which has accounted for over 5% of overall wrist watch sales which has helped to improve the volume of the wrist watch.

All such factors have surged the demand for wrist watch packaging in the regions of North America and Europe. Rising purchasing power of young and consumerist population of emerging region has increased the sales of wrist watches wherein young population accounting for a greater share of purchase.

Regional Outlook

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

In term of production the global wrist watch packaging market highly fragmented across regions of Asia pacific excluding japan, japan, North America and Europe. On the basis of consumption the market is highly concentrated with three countries that is Hong Kong, United States, China, France and Germany accounting for large market share. Market in the countries of Asia Pacific excluding Japan is expected to witness a robust CAGR over the forecast period.

Key Players

Some of the key players operating in the global wrist watch packaging market include Interpak, Linkupak, Ch. Dahlinger GmbH & Co KG, National Pak Ltd, Studioabd, Kling Display & Packaging, Cyberpac, Delu Ltd., LOMB ART.

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

The report covers exhaust analysis on

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Market Segmentation

Global wristwatch packaging market is segmented on the basis material type, product type, and shape type.

Based on material type,

  • wood
  • fabric
  • Cardboard & paperboard
  • metal which is further sub-segmented into aluminum and steel
  • plastic is sub-segmented into polyethylene terephthalate (PET), high- density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), polystyrene (PS).

Based on product type,

  • box,
  • cases.

Based on shape type,

  • round
  • square
  • triangle
  • rectangle
  • oval
  • diamond shape.

Author:   

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

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

Fruit Powders Market Anticipated to Surpass US$ 36.4 Billion by 2033, Embracing a Robust CAGR of 7.6%

The fruit powder market is poised to witness at a 7.6% CAGR during the forecast period. The market for fruit powder is expected to expand from US$ 17.5 billion in 2023 to US$ 36.4 billion by 2033.

Increased consumer desire for year-round seasonal crops and food products with a long shelf life is driving the expansion of the fruit powder industry. The market is expanding due to increased demand for industrial fruit powders produced using a variety of processes such as vacuum drying, drum drying, spray drying, and freeze drying.

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Fruit Powder Market Growth Benefits a Growing Number of Health-Conscious Consumers.

Consumers are continuously striving to meet their nutritional needs with functional foods and beverages. The items’ popularity has grown as customers’ awareness of the importance of micronutrients such as vitamins, minerals, and amino acids has expanded.

As people’s lives change, so does their interest in ready-to-eat meals that fulfil their specific nutritional demands, contributing to the growth of the local market for fruit powders.

Factors Limiting the Fruit Powder Market Growth:

Making is included in the process. Fruit powder is made by dehydrating and drying fruits in various ways, such as freeze drying, drum drying, spray drying, and others. This method is expensive, which raises the price of fruit powder.

As fruit powder is concentrated, numerous fruits are utilised to make a little packet of the product, increasing the price even more. Fruit powder’s higher price point, along with the availability of alternatives, may limit the sales and slow down industry growth.

Regional Analysis:

The Asia Pacific region is expected to grow significantly in the market during forthcoming years. This is attributable to customers’ increasing need for convenient and healthy food products as a result of their growing health consciousness.

Due to changing consumption habits and rising demand for novel food products, China and India are among the greatest consumers of convenience food. Along with this, the acceptability, affordability, and availability of the fruit powder are important factors driving regional market expansion.

Key Takeaways

  • The US market for fruit powders is to exhibit a CAGR of 7.4% and reach US$ 12.9 Bn by 2033.
  • The South Korea market for fruit powders is predicted to develop at a 5.4% CAGR to hit US$ 1.3 Bn by 2033.
  • By 2033, the UK market for fruit powders is poised to increase at a 6.7% CAGR and hit US$ 1.5 Bn.
  • The China market is predicted to witness a 7% CAGR and grow at US$ 2.6 Bn by 2033.
  • By 2033, the Japan fruit powders market is anticipated to grow at a 6.1% CAGR to attain US$ 2.1 Bn.
  • By product type segment of the fruit powders market, the Strawberry sector to develop at a CAGR of 7.4% during the forecast period.
  • The Conventional sector may prosper at a CAGR of 6.9% over the forecast period, according to the nature segment.

Competitive Landscape:

Manufacturers in the fruit powder market should expect growing demand, mostly from the cosmetics and personal care industries.

The adaptability and growing demand for natural ingredients in cosmetics and personal care products are predicted to entice manufacturers to include fruit powder in their products. Companies are attempting to provide customised fruit powder to meet the diverse needs of cosmetics and personal care product producers.

NutraDry released Australian organic pumpkin powder in 2019. The powder is composed entirely of butternut pumpkins farmed organically in Australia, with no fillers or additions. Australian Certified Organics has certified it.

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Key Segments

Based on Product Type:

  • Strawberry
  • Blackberry
  • Black Currant
  • Raspberry
  • Blueberry
  • Peach
  • Apple
  • Pear
  • Apricot
  • Plum

Based on Nature:

  • Organic
  • Conventional

Based on End Use:

  • Fruit Processing
  • Beverage Processing
  • Dietary Supplements
  • Pharmaceuticals
  • Cosmetics and Personal Care

Based on Technology:

  • Freeze Dried
  • Spray Dried
  • Vacuum Dried
  • Drum Dried

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.

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Future Market Insights Inc.
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Pectin Powder Market Projections: Surpassing US$ 652.1 Million by 2033 | Future Market Insights

Pectin Powder Market

The pectin powder market is anticipated to reach a value of US$ 429.5 million in 2023. From 2023 to 2033, demand is anticipated to grow at a CAGR of 4.3%, with a target value of US$ 652.1 million by 2033.

During the forecast period, the market is anticipated to maintain its upward trend owing to its current stable expansion. The food and beverage industry’s expanding demand for natural and clean label products, as well as the growing popularity of vegan and vegetarian diets, are the primary causes contributing to this rise.

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Rising awareness of the advantages of consuming pectin in terms of health is one of the key factors driving the pectin powder market. Pectin is a soluble fiber that has been proven to improve gut health by lowering cholesterol levels and assisting with digestion, and other factors. Food and beverage items with pectin as a main component are becoming increasingly popular as customers grow more health-conscious.

The growing demand for components with clean labels is another element fueling the market expansion. The components in their meals are a growing source of concern for consumers, who are actively looking for products made with solely natural and recognizable ingredients. Pectin powder, which comes from fruits like apples and citrus, is a popular ingredient since it is thought to have a clean label.

The market is also booming because of the inclination towards vegan and vegetarian diets. Given its capacity to serve as a gelling agent in the absence of gelatin produced from animals, pectin is a prominent component in vegan and vegetarian food products. Pectin powder is a common element in these diets, and demand for it is growing along with the number of individuals who follow them.

The market offers several prospects for expansion, particularly in emerging economies. There is a rising need for nutrient-dense, cost-effective food and beverage products as the world’s population continues to rise. Manufacturers in these areas are drawn to pectin power since it is a flexible ingredient that can be utilized in different food and beverage items.

One of the highly important developments is the rise in demand for organic and non-GMO ingredients. Customers are increasingly looking for products that are produced utilizing sustainable agricultural methods and are free of genetically modified organisms. Therefore, there is an increasing need for organic pectin powder that is free of synthetic pesticides and other dangerous chemicals.

The adoption of pectin powder as a component to substitute fat is a trend that is gaining popularity in the pectin powder industry. Manufacturers that want to lower the fat content of their goods without jeopardizing taste or texture find pectin to be an appealing substitute because of its exceptional capacity to replicate the texture and mouthfeel of fat.

Pectin powder is becoming a more popular functional component for nutraceuticals and nutritional supplements. The texture, stability, and bioavailability of these goods can all be enhanced with pectin which is a natural and potent substance. This makes pectin powder a desirable choice for producers in this industry.

Europe currently holds a significant share of the global pectin powder market and is anticipated to expand rapidly over the next ten years. Given the existence and expansion of the product’s end-use applications, there is a significant demand for the product in the region. Customers in the region are consuming less meat and switching to vegan and plant-based goods. As a result, there is an increase in demand for substances made from plants, including pectin powder, which is entirely made from plants.

KEY TAKEAWAYS

  • The market in the EU-4 is anticipated to rise, exhibiting a CAGR of 2.6% through 2033.
  • The United States is expected to develop at a 3.7% CAGR during the forecast period.
  • With a CAGR of 8.8% over the forecast period, India is predicted to develop promptly in the market.
  • The market in China is expected to proliferate, registering a CAGR of 4.7% over the forecast period.
  • The United Kingdom is estimated to grow decently registering a CAGR of 3.1% until 2033.

COMPETITIVE LANDSCAPE

Key players in the pectin powder market are E. I. DuPont De Nemours And Company, Cargill, Inc., Naturex S/A, CP Kelco, Herbstreith & Fox Group, Compania Espanola de Algas S.A., Silvateam s.p.a., DSM Andre Pectin Co. Ltd., Lucid Colloids Ltd., and others.

These market players are actively engaged in developing innovative formulations and expanding their product portfolios to cater to the diverse demands of the market. They are investing in research and development as well as establishing strategic partnerships and collaborations. They are also leveraging advanced technologies to enhance the quality and consistency of their offerings while adopting sustainable practices to minimize their environmental impact.

RECENT DEVELOPMENTS

  • In January 2023, The Herbstreith & Fox Group introduced improved fruit spreads without additional sugar called H&F Pectin.
  • In March 2022, a new set of ingredients was launched by CP Kelco. They were created especially for meat substitutes made from plants.

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Pectin Powder – Market Segmentation

On the basis of Product Type:

  • High methoxyl pectin
  • Low methoxyl pectin

On the basis of Application:

  • Food and beverage
  • Dietary supplements
  • Pharmaceuticals
  • Personal care and cosmetics
  • Others

On the basis of Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • The Asia Pacific excluding Japan
  • Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:        

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Plant-Based Sausages Market Set to Reach US$ 12,936.9 Million by 2033 | Future Market Insights

Plant-Based Sausages Market

In 2023, the plant-based sausages market is anticipated to be worth US$ 1,228.1 million. By 2033, the market is projected to be worth US$ 12,936.9 million. Throughout the forecast period, the market is anticipated to have a CAGR of 26.5%.

The market for plant-based sausages is expanding rapidly as more customers adopt plant-based diets and seek sustainable animal substitutes. With breakthroughs in plant-based protein sources, these sausages provide a tasty and environmentally sustainable option without sacrificing flavour or texture. The market’s expansion is being driven by rising health consciousness and ethical concerns, which are moving the plant-based food industry ahead.

How Does Popularity of Plant-based Sausages Propel the Market Size?

The popularity of plant-based sausages is growing due to several factors in the global market, including:

  • Increased consumer demand:More and more consumers are looking for plant-based alternatives to meat products due to health, environmental, and ethical concerns.
  • Product innovation:Plant-based sausage manufacturers have been developing new products that more closely mimic the taste and texture of traditional meat-based sausages. It has made plant-based sausages more appealing to consumers looking for alternatives to meat products.
  • Widening availability:Plant-based sausages are now available in various supermarkets, restaurants, and other food service establishments. This increased availability has made it easier for consumers to find and try plant-based sausages.
  • Support from retailers and food service providers:Many retailers and food service providers now offer plant-based sausages on their menus and stores. This support has helped to increase awareness of plant-based sausages and has made them more accessible to consumers.
  • Rising investments:Venture capitalists, food businesses, and other investors are increasingly investing in the plant-based meat sector. The industry’s growth and innovation are being fueled by this investment.

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Manufacturers Bring Lucrative Opportunities in the Global Market

There are Several Opportunities in the Plant-Based Sausages Market, Including:

  • Expansion in new markets: Manufacturers of plant-based sausages can expand their businesses by establishing new markets, such as new regions, retail channels, or food service industries.
  • Product innovation: There is a significant opportunity for innovation in the plant-based sausage market, including developing new flavors, textures, and formats. Manufacturers can also explore new ingredients and production methods to differentiate their products from competitors.
  • Partnership and collaboration: Plant-based sausage manufacturers can partner with other companies in the food industry, such as restaurants or food service providers, to expand their reach and increase sales.
  • Health and wellness trends: Consumers are increasingly interested in health and wellness, allowing plant-based sausage manufacturers to develop products that meet this demand, such as low-sodium or low-fat options.
  • Convenience and portability: Plant-based sausages can be convenient and portable for consumers looking for quick and easy meals. Manufacturers can explore new packaging formats or product configurations to appeal to this market.
  • Sustainability and environmental concerns: With the growing awareness of environmental issues, plant-based sausage manufacturers can highlight their products’ sustainable and environmentally-friendly aspects to attract consumers concerned about their food choice’s impact.

Key Takeaways:

  • The plant-based sausages market is expected to reach a valuation of US$ 12,936.9 million by 2033.
  • With a CAGR of 26.5%, the global market is increasing during the forecast period.
  • The United States plant-based sausages market is anticipated to record a CAGR of 3% through 2033.
  • Historically, the market secured a CAGR of 6% between 2018 and 2022.

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Competitive Background:

In the market, there are very limited key companies. The players innovate several unique and innovative products as per consumers’ requirements. However, these essential players upsurge the market by investing their capital in research & development activities. These players adopt a few marketing strategies: mergers, collaborations, partnerships, and acquisitions.

Other Prominent Players in the Market are:

  • Beyond Meat
  • Impossible Foods
  • Tofurky
  • Lightlife Foods
  • Field Roast
  • The Vegetarian Butcher
  • MorningStar Farms
  • Gardein
  • Amy’s Kitchen
  • Nestlé S.A.
  • Kellogg Company
  • Conagra Brands
  • Maple Leaf Foods
  • The Meatless Farm Co.
  • Moving Mountains
  • Quorn Foods
  • Fry’s Family Foods
  • Yves Veggie Cuisine
  • Alpha Foods
  • No Evil Foods

Recent Developments in the Market are:

  • Beyond Meat: Beyond Meat is a leading plant-based meat company offering various products, including plant-based sausages. In 2021, Beyond Meat launched its new Beyond Breakfast Sausage Links, designed to taste and look like traditional pork breakfast sausages.
  • Impossible Foods:Impossible Foods is another leading plant-based meat company that offers a range of products, including plant-based sausages. In 2021, Impossible Foods launched its new Impossible Sausage Made from Plants, designed to taste and look like traditional pork sausage.
  • Nestle: Nestle is a multinational food and beverage company offering plant-based meat products, including plant-based sausages. In 2021, Nestle announced that it was launching a new range of plant-based sausages under its Garden Gourmet brand in Europe.
  • Tofurky:Tofurky is a company that specializes in plant-based meat alternatives, including plant-based sausages. In 2021, Tofurky launched a new line of plant-based sausages called DIY Sausages, which allows consumers to create their sausages using the company’s plant-based sausage mix.
  • Field Roast:Field Roast is a company that specializes in plant-based meat alternatives, including plant-based sausages. In 2021, Field Roast launched a new line of plant-based sausages called Signature Stadium Dogs, designed to taste and look like traditional hot dogs.

Plant-based Sausages Market by Category

By Product Type:

  • Plant-based Chicken
  • Plant-based Beef
  • Plant-based Pork

By Source:

  • Soy-based Protein
  • Wheat-based Protein
  • Pea-based Protein
  • Canola-based Protein
  • Fava-bean Based Protein- {Potato-based Protein, Rice-based Protein}
  • Lentil-based Protein
  • Flax-based Protein
  • Chia-based Protein
  • Corn-based Protein

By Distribution Channel:

  • Retail- {Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Stores, Online Retail}
  • HoReCA

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Plant-based Nuggets Market Is Predicted To Advance At A CAGR Of 5.8% by US$ 708.6 million

Plant-based Nuggets Market

The plant-based nuggets market is expected to reach a valuation of US$ 448.5 million in 2023 and is anticipated to reach a valuation of US$ 708.6 million by 2033. The demand for plant-based nuggets is estimated to record a steady CAGR of 5.8% CAGR.

However, the production cost of plant-based nuggets is significantly higher, resulting in a high price. This may limit the market’s total expansion. Nonetheless, the advent of their products in various textures and sizes has paved the door for expansion. FMI anticipates healthy market growth, particularly as awareness of animal abuse grows.

 Key Takeaways from the Plant Based Nuggets Market Report The plant based nuggets industry is projected to grow at a CAGR of 26% during the forecast period of 2020-2030 Plant based chicken nuggets will remain under spotlight as best-selling product The EU Commission’s support for plant based meat products will help Europe continue to dominate the market Sales via HoReCa will continue to surge through the forecast period Surging adoption of vegetarian and flexitarian diet will open growth prospects for the market in South Asia

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“Behemoths in the food chain business are taking cue from changing consumer preference and altering their menus accordingly. Plant-based nuggets are making increasing appearances across menus of some of the leading names in HoReCa business. This is expected to bode well for the market in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has had a huge effect on people’s lifestyle, reshaping their food preferences. Increasing awareness about the body and immune system has encouraged people to shift to a healthy diet. Rising caution regarding animal borne diseases has compelled consumers to adopt vegan lifestyles. This had caused manufacturers to include plant based meat products in their menus and stores.

The pandemic disrupted market sales but is expected to bounce back with the reopening of several hotel chains. The inclusion of plant based products is expected to attract customers looking for healthier options, ensuring a growth in market.

Who is Winning?

Leading manufacturers are now partnering with companies to introduce plant based meat products in their outlets. Giant manufacturers like Burger King have partnered with plant based meat manufacturers such as Vegetarian Butcher, to include plant based chicken nuggets in their menu.

In 2020, KFC teamed up with Beyond Meat to introduce plant based chicken nuggets in almost 100 stores in the United States. The success of plant based meat products has encouraged companies to invest in the market.

Manufacturers are focusing to develop ingredients that have zero gluten and are allergen free to create products that can be consumed by all. The leading players in the market are Burger King, KFC, McDonald’s Corporation, Alpha Foods, Urban Platter, Nestlé S.A., Heura Foods, The Vegetarian Butcher and Tyson Foods Inc. among others.

Valuable Insights into the Plant-Based Nuggets Market

Future Market Insights in a recent report has conducted a complete industry analysis of the years 2013-2019 with assessments for the forecast period of 2020-2030. The market is divided into various segments in order to give a detailed analysis.

Based on the product type, the market is divided into plant-based chicken, plant-based beef and plant-based pork. On the basis of the source, the market is segmented into soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based  protein, flax-based protein, chia-based protein and corn-based protein. The market is also segregated based on the distribution channel into retail (hypermarkets/supermarkets, convenience stores or specialty food stores), online retail and HoReCa (Food Service Sector). Lastly, the market is divided based on the region into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

Future Market Insights (FMI) in a new study has predicted the consumption of plant based nuggets to surge in the forthcoming years. Rising focus on health and wellness among consumers is underpinning growth in the market. Market players are looking to capitalizing on this opportunity by mimicking the taste and nutritional profile of meat-based products.

However, production cost of plant-based nuggets is comparatively higher, which results in their high price. This could hamper the overall expansion of the market to an extent. Nonetheless, launch of their products in diverse textures and nuggets has been paving way for growth. Especially with focus on animal cruelty surging, FMI foresees positive growth on cards for the market.

Key Takeaways from the Plant Based Nuggets Market Report The plant based nuggets industry is projected to grow at a CAGR of 26% during the forecast period of 2020-2030 Plant based chicken nuggets will remain under spotlight as best-selling product The EU Commission’s support for plant based meat products will help Europe continue to dominate the market Sales via HoReCa will continue to surge through the forecast period Surging adoption of vegetarian and flexitarian diet will open growth prospects for the market in South Asia

“Behemoths in the food chain business are taking cue from changing consumer preference and altering their menus accordingly. Plant-based nuggets are making increasing appearances across menus of some of the leading names in HoReCa business. This is expected to bode well for the market in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has had a huge effect on people’s lifestyle, reshaping their food preferences. Increasing awareness about the body and immune system has encouraged people to shift to a healthy diet. Rising caution regarding animal borne diseases has compelled consumers to adopt vegan lifestyles. This had caused manufacturers to include plant based meat products in their menus and stores.

The pandemic disrupted market sales but is expected to bounce back with the reopening of several hotel chains. The inclusion of plant based products is expected to attract customers looking for healthier options, ensuring a growth in market.

Who is Winning?

Leading manufacturers are now partnering with companies to introduce plant based meat products in their outlets. Giant manufacturers like Burger King have partnered with plant based meat manufacturers such as Vegetarian Butcher, to include plant based chicken nuggets in their menu.

In 2020, KFC teamed up with Beyond Meat to introduce plant based chicken nuggets in almost 100 stores in the United States. The success of plant based meat products has encouraged companies to invest in the market.

Manufacturers are focusing to develop ingredients that have zero gluten and are allergen free to create products that can be consumed by all. The leading players in the market are Burger King, KFC, McDonald’s Corporation, Alpha Foods, Urban Platter, Nestlé S.A., Heura Foods, The Vegetarian Butcher and Tyson Foods Inc. among others.

Valuable Insights into the Plant-Based Nuggets Market

Future Market Insights in a recent report has conducted a complete industry analysis of the years 2013-2019 with assessments for the forecast period of 2020-2030. The market is divided into various segments in order to give a detailed analysis.

Based on the product type, the market is divided into plant-based chicken, plant-based beef and plant-based pork. On the basis of the source, the market is segmented into soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based  protein, flax-based protein, chia-based protein and corn-based protein. The market is also segregated based on the distribution channel into retail (hypermarkets/supermarkets, convenience stores or specialty food stores), online retail and HoReCa (Food Service Sector). Lastly, the market is divided based on the region into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

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Frequently Asked Questions

  • At what CAGR is the plant-based nugget market is expected to rise?
  • Which is the largest market for plant-based nuggets?
  • Which are the top companies in the plant-based nuggets market?
  • What is the outlook on the plant-based nuggets market?
  • Which key challenge is witnessed by companies in the plant-based nuggets market?
  • Which is most lucrative category in the plant-based nuggets market?

About Future Market Insights (FMI)

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

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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Dinner Ready-to-Eat (RTE) Food Market: Projected to Reach US$ 25,184.3 Million by 2033

Dinner Ready-to-Eat (RTE) Food Market

The adoption of dinner Ready-to-Eat (RTE) food is expected to increase at a CAGR of 6.00% during the forecast period. The dinner Ready-to-Eat (RTE) food market size is anticipated to rise from US$ 14,692 million in 2023 to US$ 25,184.3 million in 2033.

One of the primary elements driving market expansion is the rapidly urbanising food and beverage sector, which is also growing. The global consumption of RTE food products has also increased as the working population has grown and consumer lifestyles have improved.

As a result of hectic schedules, on-the-go convenience foods that require minimal preparation time and effort are becoming increasingly popular. Furthermore, the expansion of quick-service restaurants (QSRs) and the emergence of a café culture, as well as an increase in consumer purchasing power, are driving demand for supper RTE food products.

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To address nutritional needs, producers are creating creatively flavoured variations rich in useful ingredients, which is also boosting their enduring popularity among customers.

Other factors, such as the growth of online retailing networks and aggressive promotional activities by vendors, are expected to drive the market even further.

Key Takeaways from the Dinner Ready-to-Eat (RTE) Food market

  • The American ready-to-eat food market had the strongest dinner ready-to-eat food market share, accounting for 9.3% of the global market. The rising consumption of ready-to-eat foods, including frozen goods is to held responsible for the country’s growth. Given these foods’ low cost as well as their high quality and freshness, the dinner ready-to-eat food market in the United States is expanding.
  • 3% of the market for dinner-ready food was accounted for by the Supermarkets & Hypermarkets category in 2022. The market for dinner ready-to-eat foods is expanding as a result of the convenience of finding various brands’ ready-to-eat foods in one place. Frozen food is offered at discount pricing by supermarkets in an effort to attract more customers.
  • Rising urbanization, increased middle-class disposable income, and changing Indian consumer food habits all contribute to the market’s phenomenal growth of 29.7%. Furthermore, the increased demand for quick food, as well as the freshness and nutritional value of these items, is aiding the growth of the Indian ready-to-eat food market.
  • The ready meals segment leads the global market with a 6.4% annual growth rate. Consumer demand for ready meals has boosted the growth of the dinner ready-to-eat food industry significantly. The rise in the working population, as well as the reduction in cooking time, has had a positive effect.

Competitive Landscape

The manufacturers’ strategies for staying afloat in the dinner ready-to-eat food market include new product launches, portfolio expansion, strategic collaborations, and mergers. As a result of high industrial profitability, dinner ready-to-eat food market manufacturers have developed powerful competitive strategies, increasing competition among existing market players. As a primary market consolidation strategy, major dinner ready-to-eat food market players are focusing heavily on product innovation.

Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, and Hormel Food Corporation are some of the key players in the Dinner Ready-to-Eat Food Market.

Latest Developments

  • The Kraft Heinz Company announced a secondary offering of shares of common stock (the “Offering”) in November 2021. Some affiliates of 3G Global Food Holdings LP (the “Selling Stockholder”) intend to sell 30,596,465 shares of common stock (“Common Stock”) in the Offering, which is subject to market and other conditions. The company will not accept any proceeds from the Offering.
  • Tyson Foods, Inc. will launch a novel line of plant-based products under the brand First PrideTM in select retail markets and e-Commerce across Asia Pacific in June 2021. This is the first time the company has launched plant-based products in Asia, with the goal of making protein more accessible and affordable to more people around the world.

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Key Segments Covered in the Market Report

By Product Type:

  • Instant Breakfast/Cereals
  • Instant Soups and Snacks
  • Ready Meals
  • Baked Goods
  • Meat Products

By Distribution Channel:

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retailers

By Region:

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

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