Market Research Blog – Page 3413 – New Product Development

The malt ingredients market is poised for significant growth, driven by rising demand for healthy and flavorful beverages and baked goods

The demand for malt ingredients that employ ingredients and malt extras in their production have raised the market for malt extracts and components. The industry is expanding due to the abundance of nutritious ingredients found in mold-based pastries and beverages.

The market for malt ingredients is projected to be valued US$25.7 billion in 2023. According to Future Market Insights (FMI), the market is projected to expand at a compound annual growth rate (CAGR) of 5.4% between 2023 and 2033, arriving at a valuation of US$ 43.7 billion.

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Although there are several prohibitions on the distribution of alcoholic beverages in many countries throughout the world, these enterprises are changing to creating non-alcoholic beverages that contain malt extracts and components.

Manufacturers Are Focusing On Providing a Variety of Flavors to Gain Market Share

The market is expected to grow as a result of the long shelf lives of these products. To get more market share for malt components, producers are concentrating on offering a range of tastes for their products.

The market is expected to grow as a result of the growing usage of malt extracts in baked goods production. Because malt extract may impart a natural flavour and colour to baked goods, it is frequently utilised in their manufacturing.

Producers are focusing on providing healthier foods because of the growing consumer demand for these products. The need for dietary supplements is increasing, which offers this market room to flourish. The two biggest health benefits of malt-based supplements are that they improve heart health and help athletes perform at a higher level.

A Reliable Indicator of Malt Ingredients is Barley

Barley is used in making these items because it has a high protein content, which also happens to be the main reason. The most common source is really barley because it works so well for the malting process. Drinking beverages made from barley has several positive health effects.

Increased consumption of beer and other non-alcoholic beverages by the younger and older generations, combined with growing knowledge of the health advantages offered by these drinks, is fueling the malt ingredients market expansion. The majority of beers made with barley extracts have proven to be the best tasting. All of these factors suggest that the barley malt ingredients market is experiencing strong expansion.

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Regional Outlook

The key market share belonged to the United States. With the biggest market share and an impressive CAGR of 6.1%, the United States was the region’s most significant Market for malt ingredients.

The malt ingredients market is well-established in the United States, where products made using malt are frequently used. The Market for malt ingredients is being driven by rising demand for flavored beverages and beverages as well as rising consumption of foods and beverages made with malt.

Key Takeaways

To reach US$ 9.5 billion in 2033, the U.S. malt ingredient market is expected to expand at a moderate CAGR of 6.1% over the projected period.
The projection period is expected to see the U.K. market grow at a CAGR of 2.6%, reaching US$ 2.1 billion by 2033.
To reach US$ 3.2 billion by 2033, the China malt ingredient market is expected to expand at a moderate CAGR of 4.6% over the projected period.
To reach USUS$ 821.3 million by 2033, the Japanese market is expected to expand at a CAGR of 2.9% over the projected period.
Throughout the projection period, the Indian market is expected to expand moderately at a CAGR of 3.8%, reaching US$ 1.2 billion in 2033.
Malt extract may expand at a CAGR of 4.6% over the forecast period, according to product type in the malt ingredient market.
In terms of raw materials, the barley category is expected to expand at a CAGR of 4.6% over the anticipated time frame.

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Competitive Landscape

The malt ingredients market is extremely fragmented, with different regional and international businesses controlling significant market shares. The primary use of malt components is in the brewing industry. In order to access new applications, players are also diversifying their ingredient sources.

Rahr Corporation, Vivescia (Malteurope), GrainCorp Limited, Axereal, and Group Soufflet are some of the prominent players. The manufacturer is primarily focused on improving the quality of its products through mergers, acquisitions, and product innovations to get a competitive advantage over other market participants.

Key Segments:

By Raw Material :

Barley
Wheat
Rye
Maize
Rice
Oat

By Product Type :

Malt Extract
- Dry Malt Extract
- Liquid Malt Extract
Malt Flour
Others

By Grade :

Specialty Malt
- Caramelized Malt
- Roasted Malt
Standard Malt

By End-use :

Food & Beverages Industry
- Food
- Beverages
Pharmaceutical Industry
- Medicines
- Nutraceuticals
Personal Care

By Region :

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

Recent Development

Joint Venture- Estonian Malt and Puratos Group

In October 2019, Estonian Malt and Puratos Group, a Belgian corporation that supplies ingredients to bakers, patissiers, and chocolatiers, formed a joint venture. In addition to Estonian malt’s expertise and experience with malt flours and sprouted grains, the joint venture may benefit from Puratos’ vast network of distribution channels, purchasing power, and services. Estonian malt is a rye malt company.

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

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Future Market Insights Inc.
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Market for Compostable Toothbrush Foresees a Staggering US$ 68.8 Billion Value by 2032 | FMI

The compostable toothbrush market is projected to reach a valuation of US$ 30.43 Billion in 2022, likely to surge at a vigorous 8.5 % CAGR from 2022 – 2032. In the Compostable Toothbrush Market” study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market.

Based on an extensive examination of major industry participants, primary and secondary data, an extensive analysis of the overall growth prospects for the global and regional market was presented.

Biodegradable During the preservation time, a toothbrush composed of biodegradable material remains unchanged. However, when used in an untreated natural setting, it can break down harmless substances in pairs, with the exception of the nylon bristles.

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Global Compostable Toothbrush Scope and Segment

Compostable Toothbrush market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Compostable Toothbrush market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2022-2032.

Moreover, it helps new businesses perform a positive assessment of their business plans because it covers a range of topics market participants must be aware of to remain competitive.

Compostable Toothbrush Market: Competition Landscape

Humble Co, Georganics, Mabboo, The Future is Bamboo, Urban Vegan, WooBamboo, Bambrush, WowE LifeStyle, All Clean Natural

Analysis:

As well as providing an overview of successful marketing strategies, market contributions, and recent developments of leading companies, the report also offers a dashboard overview of leading companies’ past and present performance. Several methodologies and analyses are used in the research report to provide in-depth and accurate information about the Compostable Toothbrush Market.

The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges and risks market share along with the growth rate of the global Compostable Toothbrush market. The report also covers monetary and exchange fluctuations, import-export trade, and global market

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status in a smooth-tongued pattern. The SWOT analysis, compiled by industry experts, Industry Concentration Ratio and the latest developments for the global Compostable Toothbrush market share are covered in a statistical way in the form of tables and figures including graphs and charts for easy understanding.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Key Segments

By Product Type:

Fully Compostable Toothbrush
Handle Compostable Toothbrush

By Source:

Animal Based Compostable Toothbrush
Plant Based Compostable Toothbrush

By End User:

Men
Women
Kids

By Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Multi-Brand Stores
Independent Small Stores
Online Retailers
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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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Car Covers Market Trends Point to a Valuation of US$ 1074.03 Million by 2032 | FMI

The car covers market is likely to register a CAGR of 2.5% during the forecast period, up from US$ 798.6 Million in 2022 to reach a valuation of US$ 1074.03 Million by 2032.

The global market for car covers is expected to expand quickly over the course of the projected period due to factors such as growing consumer disposable income, notable differences in customer living standards, and growing demand for cars, particularly automobiles.

Car covers keep the exterior paint and refinish texture of the vehicle from fading and becoming less shiny. Furthermore, it might protect the inside electronics of the vehicle from the sun’s harmful rays, including the air conditioning, audio system, and other processes.

Because there is a wide range of car coverings available on the market that are made of different materials and have different uses, the manufacturer focuses on introducing new technologies in order to introduce new goods.

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Car Covers Market: Dynamics

The major factor driving the car covers market is the increasing awareness regarding the safety of the vehicle among individuals or car owners. As car covers protect the car from various factors such as, bird poop, tree leaves, stones and other small materials, it also protect the car paint and electronic system of car from harmful sunrays. Owing to all this application and advantages of car covers, its demand is growing at fast pace.

The other factors which have the impact on the growth of car covers market are growth in automotive industry, growing automotive equipment industry, growing demand of car covers due to increasing global warming and changing climate, increasing demand of cars owing to improvement in standard of leaving and other factors.

However, there are some small disadvantages or we can say the demerits of the usage of car covers, such as it may damage the paint of the car due to the friction between car cover and car, if it does not fit properly.

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The prominent players involved in the manufacturing of car covers are focusing on the introduction of automatic and semi-automatic car covers. Automatic Car covers are the new trend in the car covers market and expected to capture the significant amount of market in the future. Also the semi-automatic car covers are attracting the end users and creating more opportunistic market.

Car Covers Market: Regional outlook

Considering regions, the market of Car covers are anticipated to lead by East Asia during the forecast period due to the reason that growing automotive industry, increasing adoption of new technologies and also the presence of various car covers providers in this region driving this market.

Europe is anticipated to robust growth owing to a growing awareness regarding safety of the vehicle and increasing demand of car covers in Germany and rest of the Europe. The North America is the significant emerging market of car covers and expected to witness, double-digit growth, in terms of revenue.

Substantial car covers production is expected in the Latin America market, owing to the growing adoption of new technologies and increasing number of local vendors in this region. The car covers market in Middle East and Africa is estimated to witness relatively stable growth.

Key Segments

By Product Type:

Conventional
Automatic
Semi-Automatic

By Type:

Custom car cover
Universal car covers

By Application:

Individual and Vehicle Manufacturers
4S store

By Sales Channel:

Online Shopping Portals
Automotive OEM Centers
Independent Aftermarket Vendors

By Region:

North America
Latin America
Asia Pacific
Europe
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.

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Dishwasher Market Trends Point to a 5.8% CAGR Surge by 2033 | FMI

The dishwasher market is evaluated at US$ 7,059.6 Million in 2023 and is projected to surpass US$ 12,406.1 Million by 2033, at a CAGR of 5.8% from 2023 to 2033. The share of the dishwasher market in its parent market (house appliance market) is approximately 4% to 6%.

Numerous American small-, medium-, and large-sized businesses are making significant investments in the Internet of Things sector. The majority of organizations moving to IoT are anticipated to have an impact on a number of industries, including security, entertainment, HVAC, lighting, and healthcare.

The advantages of linking household goods to the Internet have led to an increase in the popularity of the Internet of Things (IoT) among residential consumers. IoT links end users, software algorithms, services, and products, facilitating data flow and simplifying decisions in real time. It has been demonstrated to improve automation systems’ consistency and quality.

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Key Takeaways from Market Study

Increasing Internet penetration and consumer enthusiasm toward connected devices are laying the foundation for the growth of the U.S. dishwasher market.
The market is currently experiencing a shift in consumer preference from conventional to smart dishwashers.
As per the analysis, sales of dishwashers in the residential category are expected to reflect high growth.
Built-in dishwashers account for around half of the overall market share in the United States.

Key Market Players

The report highlights important trends in the competitive scenario of the dishwasher market in the United States, along with the highlights of differential marketing strategies used by players in the market. Established players in the U.S. market account for 60% to 65% market share.

Some of the key players identified across the value chain include BSH Home Appliances Corporation, LG appliance, Whirlpool Corporation, Electrolux AB, Haier America Company LLC, and IFB Industries Limited, among others.

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Global Dishwasher Market by Category

By Product Type:

Freestanding
Built-in

By Application:

Commercial
Residential

By Sales Channel:

Wholesalers/Distributors
Multi-Brand Stores
Specialty Stores
Hypermarket/Supermarkets
Online Retailers
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

The Future of Carbon Steel: A Look at the Industry’s Growth Trajectory and Investment Opportunities

The global carbon steel market is a massive and growing industry, with a projected market size of US$ 1,050.8 billion in 2023 and a steady anticipated CAGR (Compound Annual Growth Rate) of 4.0% reaching US$ 1,560.4 billion by 2033. This significant growth indicates a strong demand for carbon steel across various sectors.

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Growth Drivers:

Booming Construction Activity: The rise in construction projects across the globe, particularly in developing nations like China and India, is a major driver. This demand is for steel used in beams, columns, reinforcement bars, and other structural elements. Government spending on infrastructure development further bolsters this trend.
Increased Industrialization and Urbanization: Rapid industrialization, especially in Asia Pacific, is creating a need for durable and cost-effective materials like carbon steel in various industries like manufacturing, machinery, and shipbuilding. Urbanization also necessitates the construction of buildings and transportation infrastructure, pushing up demand for carbon steel.
Demand for Lightweight & Strong Materials: The automotive and aerospace industries are constantly seeking materials that are lightweight yet possess high strength. While alternative materials are emerging, carbon steel remains a viable option due to its favorable strength-to-weight ratio and affordability.

Other factors contributing to the market growth include:

Advancements in Steel Production Technology: Continuous improvements in steel production processes are leading to increased efficiency, reduced costs, and improved product quality.
Rising Disposable Incomes: As disposable incomes rise globally, there is a growing demand for consumer goods and durable products that often utilize carbon steel.

Regional Dynamics:

Asia Pacific Dominance: The Asia Pacific region is the largest consumer of carbon steel. This dominance is likely to continue due to the aforementioned growth in construction, automotive, and shipbuilding sectors. China is the leader in this region.
North American Growth: The North American market is expected to grow at a healthy CAGR due to the resurgence of the manufacturing sector and ongoing infrastructure projects.
Europe’s Steady Demand: Europe is a mature market for carbon steel, and demand is expected to remain stable with a focus on renovation and replacement projects.

About Future Market Insights (FMI)

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

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Exploring Growth Factors: Fast-Food Reusable Market Across Hotels, Bakeries, and Fast-Food Centers by 2033

The fast-food reusable market is predicted to see steady growth, with a compound annual growth rate (CAGR) of 9.0% from 2023 to 2033. By 2033, it is expected to capture a market share worth US$ 41.15 billion, while in 2023, the market value is estimated to be US$ 17.41 billion.

The increased demand for reusable products to serve food, and the government banning certain materials for environmental benefits are propelling the market growth. Furthermore, the enhanced product quality along with a better in-hand feel is also fueling the demand for fast-food reusable products.
The fast-food reusable products that reduce food wastage and advent cardboard containers, along with reusable food containers are flourishing in the market growth. Alongside this, governments are limiting the carbon footprint and promoting fast-food reusables as they control food wastage.
High safety and hygiene are offered by these fast-food reusable products due to the easily washable and cleanable products flourishing. The ongoing testing on different food outlets for increasing sustainability is expected to flourish the market’s upward trajectory.
The expanding food outlets around the world, especially around emerging economies, are projected to add value to the market. Also, the ban on disposable dinnerware in some parts of the world is pushing the sales of the fast-food reusable market.

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Key Points

The United States market leads the fast-food reusable market in terms of market share in North America. The United States region held a market share of 10.0% in 2022. The growth in this region is attributed to the food and beverage outlets experimenting with new sustainable and reusable solutions. North American region held an overall share of 19.0% in 2022.
Germany’s market is another important market in the Europe region. The market held a market share of 4.9% in 2022. The growth is attributed to the introduction of new eateries along with the government’s efforts for making sustainable and climate-friendly products mainstream. The Europe region held a market share of 15.9% in 2022.
India’s fast-food reusable market thrives at a CAGR of 4.0% between 2023 and 2033. The growth is attributed to the popular street food culture along with the high consumption of fast food.
China’s market also thrives at a CAGR of 7.0% during the forecast period. The flourishing growth is attributed to high consumption, innovative ideas entering the food serving, and packaging solutions.
Based on application type, the vegetable segment leads the market as it held a significant share of 21.0% in 2022.
Based on the material type, the metal segment leads the market as it held a notable market share of 23.5% in 2022.

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Competitive Landscape

The key vendors focus on affordable, light, and durable materials. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Amcor Pty Ltd.
Sealed Air Corporation
BASF
WestRock Co.
Evergreen Packaging
Rehrig Pacific Company
Swedbrand Groups
IPL Plastics
Vetropack Holdings
Schutz Gmbh & Co.
Tetra Pak
DS Smith
Graham Packaging
Plastipak Holdings Incorporation

Recent Market Developments

Amcor Pty Ltd. Has introduced a US$ 250000 investment for their new smart reusable food packaging start-up.
Sealed Air Corporation has launched fast-food reusable that come with different materials and adjusting layers.

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Key Segments Covered

By Material Type:

Glass
Metal
Plastic
Wood

By Application:

Vegetables
Fruits
Eggs & Meat
Juices
Others

By Product Outlook:

Bottle & Jars
Cans
Cups
Boxes & Containers

By Size:

Small
Medium
Big

By End-Use Industry:

Hotels
Fast-Food Centres
Food Chains
Bakery
Others

Key Regions Covered:

North America
- The United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- The United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Vapour Recovery Units Market Soars to US$ 2,105.5 Million by 2033

The global vapour recovery units market size is slated to cross a valuation of US$ 1,256.2 million in 2023. It is anticipated to surpass a valuation of US$ 2,105.5 million by 2033. The market will exhibit a modest CAGR of 5.3% from 2023 to 2033.

Vapour recovery units are crucial in controlling Volatile Organic Compounds (VOCs) and other harmful vapours emitted in various industrial processes. These processes include storage tank operations, oil and gas production, and chemical manufacturing. Governments across the globe are implementing stringent norms to reduce these emissions and increase sustainability.

The increasing implementation of strict government norms will likely bolster market growth during the forecast period. Furthermore, VOC and other hazardous emissions pose severe health problems. To mitigate these health and safety risks, implementing VRUs can substantially aid companies across various industries.

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The surging awareness of sustainability and environmental issues creates new opportunities for products that minimize emissions. Companies offering VRUs can gain a competitive edge due to the growing demand.

The increasing Corporate Social Responsibility (CSR) activities by companies will likely aid market expansion. Environmental footprint reduction can help businesses increase their brand recognition and cater to a large consumer base.

The market’s growth is also boosted by the expansion of vapour recovery units in the oil and gas sector. The need for vapour recovery units is astronomically increasing as many crude oil storage tanks are being built worldwide.

End users are using vapour recovery equipment frequently to limit the emission of light hydrocarbon and other volatile chemicals. During the forecast period, it is anticipated that the upcoming oilfield and oil storage opportunities might offer growth prospects for manufacturers of vapour recovery units.

Key Takeaways from the Vapour Recovery Units Market:

In 2018, the global vapour recovery units market size stood at US$ 955.5 million.
The global market accounted for US$ 1,196.4 million in 2022.
The market developed at a modest CAGR of 4.6% from 2017 to 2022.
The condensation segment by technology captured 46.0% market share in 2022.
The oil & gas compressors segment captured 39.6% market shares in 2022.
India’s vapour recovery units market occupied 6.5% of the global market share in 2022.
The United States captured 17.6% market shares in 2022.

Recent Developments Observed by FMI:

Flogistix launched its new plant in May 2022 to double its manufacturing capacity. The new VRU complex, measuring 2,59,000 square feet, is in El Reno, Oklahoma.
A brand-new vapour recovery system for wet cooling towers was unveiled by InventHelp Inventor in November 2021. This method might aid in boosting the amount of cooling tower process water that can be collected, minimizing the environmental impact.
SCS Technologies launched a new environmental product line for their vapour recovery machines in March 2021. To comply with EPA 0000a rules, the company created a best-in-class vapour recovery technology through a recent acquisition.

Key Players in the Vapour Recovery Units Market

Hy-Bon/EDI, Petrogas Systems
PSG Dover
AEREON
John Zink Company LLC
Cimarron Energy Inc.
Wintek Corporation, Accel Compression Inc.
Whirlwind Methane Recovery Systems LLC
Others

Scope of Report:

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2017 to 2022
Market Analysis	US$ million for Value
Key Regions Covered	North America Latin America Europe East Asia South Asia & Pacific The Middle East & Africa (MEA)
Key Countries Covered	The United States Canada Germany The United Kingdom Nordic Russia BENELUX Poland France Spain Italy Czech Republic Hungary Rest of EMEAI Brazil Peru	Argentina Mexico South Africa Northern Africa GCC Countries China Japan South Korea India ASIAN Thailand Malaysia Indonesia Australia New Zealand Others
Key Segments Covered	Technology Application Process End-use Region

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Vapour Recovery Units Market Segmentation:

By Technology:

Membrane Separation
Adsorption
Condensation
Absorption

By Application:

Marine Loading
Truck Loading
Railcar Loading
Pipelines
Storage Tank Vents

By Process:

Upstream
Downstream

By End-use:

Oil & Gas Compressors
Landfills
Brewery and Food Processing
Others

By Region:

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

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

Vapour Blasting Equipment Market Size: The market is anticipated at US$ 113.7 million in 2022. Demand is likely to remain high for this Global market during the assessment period. This is due to the increasing production of automotive vehicles with a growing automotive aftermarket and garnering US$ 196.5 million in 2033, recording a CAGR of 5.1% from 2023 to 2033.
Motor Soft Starters Market Analysis: The global market is poised to surpass US$ 2.3 billion by 2023. Industry experts view the motor soft starter market as a lucrative return on investment (ROI) arena and have adopted an ‘investment for expansion’ approach.
Street And Roadway lighting Market Overview: The Market is valued at US$ 9.7 billion in 2023, reflecting its robust growth trajectory. Projections suggest that the market is poised to maintain a steady pace of expansion, with an estimated CAGR of 5.4% from 2023 to 2033.
Paper And Plastic Film Capacitors Market Growth: The Market is poised to surpass US$ 2.7 billion by 2023, surging at a remarkable CAGR of 5.4% through 2033 to reach US$ 4.5 billion.
Power Amplifiers Market Forecast: The Market is reached US$ 25.8 billion in 2022. Revenue generated by power amplifier sales is likely to be US$ 27.7 billion in 2023. Sales are poised to soar by 6.2% CAGR over the forecast period between 2023 and 2033. Demand is anticipated to transcend at US$ 50.5 billion by 2033 end.

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Nandini Singh Sawlani

Introducing High-Quality, Eco-Friendly Food Trays. Food Trays Market Accelerates at a CAGR of 5.7% through 2033 | FMI

The food tray market is expected to be worth US$ 10.041 billion in 2023 and US$ 17.48 billion by 2033, expanding at a 5.7% CAGR from 2023 to 2033.

The food tray industry is primed for notable expansion. The food tray market is likely to see a boost in demand due to the growing demand for handy and on-the-go food packaging solutions. Food trays are commonly utilized in a variety of industries, including restaurants, fast food chains, cafeterias, and food delivery services.

Rising urbanization, changing consumer lifestyles, and a growing preference for ready-to-eat meals are significant drivers spurring market growth for food trays.

The food tray industry is likely to increase significantly in the forthcoming years due to changing customer preferences and the need for easy and ecological packaging options.

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Toward a Green Plate: Sustainable Manufacturing Redefines the Food Tray Market

Paper trays, fiber-based trays, sugarcane trays, palm leaf trays, corn-starch trays, bagasse trays, and even plant-based polymers are important alternatives to plastic trays that pose a serious challenge to the plastic trays sector’s growth.

Reusable plastic trays are gaining popularity in a variety of industries due to rising environmental concerns among plastic tray buyers. They incorporate low-density polypropylene and contain minimum levels of polyethylene thermoplastic.

Millennials’ Preference for On-the-Go Food and Portion Packs Is Inspiring Key Players to Innovate

Food trays are used in the packaging of meat, confectionery, and pastry products. It improves shelf display, resulting in consumers making quick purchasing judgments. Many food product manufacturers are migrating to tray packaging from bulky and traditional box packaging. It is because food trays in combination with smart and active packaging offer better shelf life to the inside product.

Customer desire for single-serve portion packs and on-the-go food is boosting food tray sales exponentially.

Food tray manufacturers intend to build eye-catching, transparent designs as well as tiny portion meal trays made entirely of recyclable material. They have a huge market impact since it reduces carbon footprints.

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Regional Dynamics Analysis: Growth Patterns and Opportunities in the Food Tray Business

The regional outlook for the food tray industry is characterized by a diversified environment with varying growth patterns across different areas. North America and Europe have traditionally dominated the market, owing to the presence of a well-established food service industry and high demand for convenience food packaging.

Asia Pacific, on the other hand, is experiencing tremendous market growth as a result of expanding population, urbanization, and changing consumer habits.

The Middle East and Africa area is also showing strong development potential, driven by a burgeoning food service industry and rising disposable income. Overall, the regional prognosis for the food tray market is positive, with different regions offering unique opportunities to food tray manufacturers.

Key Takeaways

North America to acquire 25.9% of the global market share.
Europe held a food tray market share of 17.1% from 2023 to 2033.
The United States may control 23.9% of the food tray industry.
From 2023 to 2033, Germany retained a 3.3% food tray market share.
Japan may gain 4.8% of the food tray industry.
From 2023 to 2033, Australia held a 2.4% market share.
China’s food tray business is expected to grow at a 6.8% CAGR through 2033.
Between 2023 and 2033, the India food tray business is expected to grow at a 7.7% CAGR.
From 2023 to 2033, the United Kingdom’s food tray industry is expected to grow at a CAGR of 2.2%.
From 2023 to 2033, the Plastic segment of the material category may hold a market share of 52.7%.
Commercial end-use segment to account for 46.9% of the food tray industry between 2023 and 2033.

Competitive Landscape

The food tray business is very competitive and constantly changing. Several food tray manufacturers, as well as a slew of regional and local businesses, strive for a large market share. In the food tray business, market consolidation is a noticeable trend. Some large corporations buy small enterprises to broaden their product ranges and geographical presence.

Food tray manufacturers must constantly adapt to changing market dynamics, consumer tastes, and sustainability criteria to maintain a prominent position in the business.

Recent Developments:

Amcor has announced its intention to buy Moda Systems.

Amcor announced its intention to buy Moda Systems, a business specializing in innovative food tray solutions, in May 2023. By combining Moda Systems’ knowledge and increasing its variety of sustainable packaging options, Amcor hopes to boost its position in the food tray business.

Waddington Europe, a thermoforming packaging expert, has introduced recyclable meat trays.

Waddington Europe, a subsidiary of Novolex, one of the top thermoforming packaging experts, launched mono-material recyclable meat trays in January 2022.

Food Trays Market By Category

By Material Type:

Plastic
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Others (HIPS, HDPE, etc.)
Paper & Paperboard
Aluminium

By Tray Type:

Single Cavity
Multi Cavity

By Distribution Channel:

Direct Sales
Distributors
Retailers
E-retail

By Capacity:

Standard
Customized

By End Use:

Manufacturing
Commercial
Institutional
Household

By Region:

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

About Future Market Insights Inc. (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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Capitalize on the thriving baby food market, projected to reach US$ 130.4 billion by 2033, driven by rising demand for convenient and nutritious options for infants

In 2023, the baby food market is projected to be valued US$ 79.9 billion. The market is expected to reach US$ 130.4 billion by 2033, growing at a 5.0% compound yearly growth rate (CAGR) from 2023 to 2033, the study estimates.

Parental tastes and more retail marketing are fueling the infant food market’s growing demand for nutrient-rich baby food, which is expected to soar. The growing demand for organic and fortified baby food is also fueled by rising public knowledge of clean-label manufacturing techniques and government backing in important areas such as China, India, and the United States.

With a 5.0% compound annual growth rate, the baby food market is predicted to expand quickly over the next few years, rising from an estimated $79.9 billion in 2023 to an estimated $130.4 billion by 2033. The availability of more infant food forms, such as paste, liquid, and powder, and the rising demand for nutrient-dense solutions are the main reasons propelling this rise. The need for baby food is growing due to factors such expanding retail marketing and addressing dietary issues.

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The infant food industry is anticipated to be valued US$ 79.9 billion in 2023 and US$ 130.4 billion by 2033, according to Future industry Insights (FMI). From 2023 to 2033, the market is projected to expand at a 5.0% CAGR.

The market for baby food is predicted to grow as a result of parents’ growing need for nutrient-rich diet options for their newborns as well as the availability of baby food in paste, liquid, and powder forms. The growth of retail marketing and the increase in occurrences of malnutrition are projected to drive up demand for baby food.

Additionally, during the projected period, the demand for organic baby food will increase, as will the popularity of fortified baby food products, which will fuel market growth. The use of baby food and formula has also expanded, especially in China, India, and the USA, thanks to supportive government programmes. Consumers’ increased awareness of ingredient and content labels has compelled businesses to develop clean-label production techniques.

Key Takeaways from the Report:

The demand for baby food surge at a CAGR of 5.0% over the assessment period for 2023 and 2033
The United Kingdom market is projected to grow at a CAGR of 5.4% during the forecast period from 2023 to 2033.
In terms of product type, the milk formula segment is expected to account for a dominant share of 40.3% of the total market in 2023.
Based on category, the conventional segment is expected to account for a revenue share of 91.2% in 2023.
The USA is expected to emerge as the most lucrative market for baby food in North America.
In terms of distribution channel, the supermarket segment is predicted to create maximum profit in the baby food industry

What are the Factors Limiting the Sales of Baby Food Across the Globe?

There are concerns about the baby food industry expansion being constrained by its short shelf life. Due to a lack of an effective regulatory framework, it is anticipated that the baby food industry share might face challenges during the projection period.

The market for baby food is significantly constrained by stringent quality controls and severe regulations imposed by governments and food agencies. To guarantee the highest possible level of product quality, companies must follow safety regulations. Aggressive pricing raises the cost of goods, which lowers profit margins for companies. As a result, these elements limit market expansion.

Competitive Landscape:

Key players in the market are focusing on innovation and eco-friendly packaging to cater to the growing demand. Few of the companies are also developing organic baby food and formulas to gain competitive edge in the market.

As per the study, few of the baby food companies are collaborating with e-commerce platforms and leading retailers to expand their customer base and gain revenue. Few of the recent development in the market are provided as follows:

In July 2022, Danone introduced the first innovative Dairy & Plants Blend infant formula in the market.
In April 2021, to offer new-borns a high quality vegetarian diet, the Kraft Heinz Firm developed a plant based baby food company. The menu options include dishes like Risotto with chickpeas, Potato baked with garden peas, and Saucy Pasta with beans.
In June 2022, In its newly completed Michigan facility, Abbott Nutrition Company resumed production of infant formula. As the firm works to solve a national scarcity of the product, production of baby formula has increased at Abbott Nutrition’s Sturgis, Michigan, factory.

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Baby Food Market by Category

By Category:

Organic
Conventional

By Type:

Milk Formula
Dried Baby Food
Ready to Feed Baby Food
Other Types

By Distribution Channel:

Drugstores/ Pharmacies
Supermarkets/Hypermarkets
Convenience Stores
Online Channels
Other Distribution Channels

By Region:

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

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Capitalize on the superfood trend The baobab powder market is surging, driven by rising demand for its health and beauty benefits

The Baobab Powder Market is growing, expected to expand at a rate of 6.2% annually and reach $10 billion by 2027. Leading this boom and It is anticipated that North America will lead the market. Baobab powder’s popularity might be attributed to its use in numerous products, as it is widely recognised as a superfood possessing health benefits and skin-improving properties. Owing to its high nutrient content, it is a common option in diets that prioritise health all over the world.

By 2021, the baobab powder market is projected to grow to a value of US$ 6.97 billion. By 2027, the market is expected to develop at a compound annual growth rate (CAGR) of 6.2% and reach US$ 10 billion.

If the 3.1% CAGR growth rate for baobab powder is sustained through 2027, North America will represent the largest market for the product. The market was estimated to be worth US$ 1.81 billion in 2021. Powdered baobab, dubbed the newest superfood, is commonly used in gourmet foods, supplements, and capsules.

The market is expanding rapidly on a global scale as consumers become more aware of the benefits of baobab powder. There is a high demand for baobab powder in products like cereals and bars. It is also used in anti-aging therapies due to its beneficial effects on the skin. It is a popular choice among health-conscious consumers worldwide and may be found in many different cuisines due to its high calcium and potassium levels.

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Over the course of the assessment year, a rapid growth in the worldwide baobab powder business is anticipated. Future Market Insights examines the elements influencing baobab powder’s attractiveness and popularity around the world. The demand for goods like cereals and bars that contain baobab powder is rising as consumers become more aware of the benefits of the powder.

Baobab powder is commonly used as a component in anti-aging lotions due to its many skin benefits, which include shielding the skin from extreme heat or cold, regenerating skin cells, moisturising the skin, and preventing free radical damage. Baobab powder is commonly used in foods like cereals, bars, and jellies because of its high calcium and potassium content. Baobab powder is becoming more and more well-liked worldwide due to its many health benefits.

Segmental Forecast of the global baobab powder market

On the basis of product type (organic baobab powder, conventional baobab powder), end use (industrial, retail), sales channel (direct sales, indirect sales), and region, the global baobab powder industry is divided.

Forecast by Product Type: Organic baobab powder segment is expected to register the highest CAGR during the forecast period. The organic baobab powder segment is estimated to be valued at US$ 8,544.2 Mn by 2027 end and is expected to expand at a CAGR of 6.5% over the forecast period.

Forecast by End Use: The retail segment is estimated to account for the highest value share of 65.2% in 2017 and is projected to reach a market valuation of US$ 6,545.1 Mn by 2027 end, registering a CAGR of 6.3% over the forecast period.

Forecast by Sales Channel: The indirect segment is estimated to account for the highest value share of 75.4% in 2017. This segment is estimated to be valued at US$ 7,602.1 Mn by 2027 end and is expected to expand at a CAGR of 6.3% over the forecast period.

Forecast by Region: North America followed by Western Europe will be the leading markets in the global baobab powder industry with an anticipated value share of about 30% and 25% respectively by the end of 2027. North America will witness the highest regional CAGR of 6.8% during the forecast period.

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Competitive Landscape

The report profiles some of the top companies operating in the global baobab powder market including:

EcoProducts
Baobab Fruit Company Senegal
B’Ayoba (Pvt) Ltd
Organic Africa, Aduna Limited
Etude House
Woodland Foods
Powbab Inc
ATACORA
Halka B. Organics
Indigo Herbs LTD and Organic Burst UK Ltd.

Companies are focussing on addressing customer centric product demand by expanding their product portfolio and introducing a variety of products in the global market. Suppliers are entering into long-term contracts with baobab products manufacturers to avoid increase in product prices, and baobab manufacturers are also benefitting from these long-term contracts with suppliers as it helps them sustain their operations.

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Market Taxonomy

By Product Type:

Organic Baobab Powder
Conventional Baobab Powder

By Sales Channel:

Direct Sales
Indirect Sales
- Speciality Whole Shops
- Online Retail

By End Use:

Industrial
- Food
  - Functional Food
  - Dairy Products
  - Bakery and Confectionery
  - Others (pet food, tea, etc.)
- Beverages
  - Alcoholic
  - Non-Alcoholic
- Nutraceuticals
- Cosmetics
Retail

By Region:

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

Global Baobab Powder Market Forecast 2017-2027

Future Market Insights predicts the global baobab market to be valued at about US$ 5,483 Mn by the end of 2017 and will continue to grow at a CAGR of 6.2% during the period of study to reach a market valuation of about US$ 10,004 Mn by the end of the forecast period.

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