Market Research Blog – Page 3414 – New Product Development

Frequency Converter Market worth US$ 65 billion by 2034

The global frequency converter market value is expected to rise from US$ 25.90 billion in 2024 to US$ 65 billion by 2034. This estimated growth is expected to be driven by a promising CAGR of 9.60% in the frequency converter industry over the next decade.

Offshore wind technology is projected to observe significant opportunities owing to a reduction in offshore wind power prices and expansion in global capacities. Increasing use of frequency converters in the generation of offshore wind is expected to propel market growth.

In emerging countries, the market is driven by the expansion of the energy and manufacturing sector and robust industrialization. Significant potential for the establishment of renewable energy plants and industries in distribution networks and power transmission, in addition to rising investments in research and developments in frequency converter products, are predicted to offer lucrative business prospects for frequency converter manufacturers.

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Key Takeaways from the Frequency Converter Market Report

The frequency converter market achieved a valuation of US$ 23.4 billion in 2023. In the historical period, the market recorded a growth rate of 11.8% CAGR.
By type, the rotary frequency converter is projected to register a CAGR of 9.3% through 2034.
Based on application, the aerospace and defense segment is anticipated to expand at a CAGR of 9.1% through 2034.
The United States frequency converter industry is forecast to lead the global market by US$ 11.7 billion by 2034.
In Europe, the United Kingdom is an important market for frequency converters. The market is estimated to attain a value of US$ 2.7 billion by 2034.
In the Asia Pacific, China is anticipated to attain a market valuation of US$ 10.2 billion by 2034. The market is assessed to propel at a CAGR of 10.4% from 2024 to 2034.

Competitive Landscape

Key players are continuously innovating and developing the latest and improved versions of converters, equipped with features like smaller size, higher efficiency, and advanced functionalities to attract new customers. Market players are providing different converters that serve different applications and power requirements, allowing them to address a wider market segment.

Industry participants are further partnering with component manufacturers, technology providers, or distributors to increase their market reach. Additionally, players are focusing on offering competitive pricing to capture and retain customers.

Latest Advancements in the Frequency Converter Market

In October 2023, Mitsubishi Electric Corporation received a contract from J-Power Transmission Network Co., Ltd. to distribute a 300 MW Voltage Source Converter (VSC) in Hamamatsu, Shizuoka prefecture for the Shin-Sakuma Frequency Converter Station.
In April 2023, Siemens announced that it will introduce latest high-performance frequency converters to enter the Sinamics family. The distinctive frequency converters feature clean power technology.

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Manufacturers in the Frequency Converter Market

Jema
Georator
Mitsubishi Electric
Sinepower
AELCO International Pte Ltd.
Avish Aviation Equipment Pvt. Ltd.
Johnson Electric
KGS Electric
Danfoss
Eaton
Aplab Limited
ABB
Siemens
Bosch
NR Electric Co., Ltd.
Magnus Power
Nova Electric
Others

Frequency Converter Industry by Category

By Type:

Rotary Frequency Converter
Static Frequency Converter

By Application:

Aerospace and Defense
Power and Energy
Oil and Gas
Marine/Offshore
Others

By Region:

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

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

The global automation COE market is witnessing remarkable growth, with its value estimated to be US$ 560.8 million in 2024. The market is projected to advance at a robust CAGR of 41.4%, reaching an impressive value of US$ 13,300 million by 2034.

Future Market Insights anticipates substantial growth in the global Underground Mining Automation market, which is estimated to be valued at US$ 1,418.6 Million in 2022 and is expected to grow at a CAGR of 5.9% from 2022 to 2032.

The industrial automation market is set for significant expansion, with its valuation expected to reach US$ 40.6 billion in 2023 and rise to US$ 81.4 billion by 2033, representing a CAGR of 7.2% during the forecast period.

The global variable frequency drive (VFD) market is poised to reach a substantial valuation of US$ 62,203.02 million by 2034, with an estimated CAGR of 5.60% over the forecast period. In 2024, the market size stands at US$ 36,072.17 million.

Future Market Insights projects that the converter transformer market will witness significant growth, reaching a value of US$ 2.3 billion by the end of 2023. The demand for Converter Transformers is expected to surge at a CAGR of 11.7%, leading to a total market value of US$ 7 billion by 2033.

The water treatment market is set for substantial expansion, with its size expected to rise from US$ 69.73 billion in 2024 to US$ 137.17 billion by 2034, representing a robust CAGR of 7% over the forecast period.

Sales of industrial and commercial fans and blowers are anticipated to thrive, with the market expected to grow to US$ 9.4 billion in 2024 and attain a valuation of US$ 18.3 billion by 2034, fueled by a robust 6.9% CAGR.

The global commercial high-speed oven market is witnessing significant growth, with its size reaching US$ 2,868.2 million in 2023. Over the forecast period, demand for commercial high-speed ovens is projected to rise at a CAGR of 6.7%, reaching a total market value of US$ 5,801.3 million in 2034.

The gasket and seal market is expected to grow steadily, with its valuation projected to increase from US$ 87,012.9 million in 2024 to US$ 152,911.56 million by 2034, representing a CAGR of 2.10% during the forecast period.

The warehouse robotics market is witnessing rapid growth, with its valuation expected to evolve from US$ 1,540.57 million in 2024 to US$ 5,609.75 million in 2034, driven by a robust CAGR of 13.8%.

Between 2024 and 2034, sales of HVAC control system market are forecasted to demonstrate a moderate compound annual growth rate (CAGR) of 9.7%. By the year 2034, the global market is expected to reach a valuation of US$ 52.6 billion.Top of Form

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The texturized vegetable protein (TVP) market is projected to surge to US$ 5.7 billion by 2031, fueled by rising demand for plant-based alternatives.

Protein Evolution: Unveiling the Texturized Vegetable Protein (TVP) market Rapid Expansion as it Soars to Meet Growing Demand, Offering Healthier and Sustainable Alternatives to Meat-Based Diets

Plant-based proteins can replace meat-based ones in the textured vegetable protein (TVP) market, a fast growing segment of the food industry. TVP is well known for its high protein content, versatility, and texture. It is made from soybeans and other plants. A growing number of consumers are pursuing plant-based and vegan diets due to their desire to swap out traditional animal products with more ecologically friendly and healthful alternatives. TVP’s sustainable and ethical qualities make it a popular replacement for animal protein for people trying to cut back.

As an alternative to meat, plant-based protein sources are offered by the quickly growing “texturized vegetable protein” sector of the food industry. Soybeans and other plant-based ingredients are used to make textured vegetable protein, often known as textured soy protein or textured plant protein. Its high protein content, versatility in cooking, and texture make it a popular alternative to meat.

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Multiple factors have contributed to the tremendous rise of the worldwide TVP market in recent years. First, the market has advanced due to rising consumer demand for plant-based and vegetarian/vegan diets. People are looking for alternatives to traditional meat products as they grow more ecologically conscious and health conscious. By lowering dependency on animal protein, TVP offers a sustainable and moral choice.

The rising awareness among consumers about a multitude of health benefits of plant-based sources of protein has been aiding the market for texturized vegetable protein. Future Market Insights (FMI) in a new study has forecast the market to exhibit 6.5% CAGR by 2031. Growth forecasts continue to remain positive for the market, thanks to increasing number of vegetarian population worldwide.

Continuously increasing demand for food & beverage products which provide nutritional benefits with sensory taste is one of the major factor driving the demand for texturized vegetable protein. Due to increasing awareness regarding animal cruelty and environmental damages caused by excessive consumption of might the demand for texturized vegetable protein is expected to increase.

These protein sources also contain lower amount of saturated fat and cholesterol as compared to meat products hence are considered to have more health benefits. Among products available, the demand for soy protein is expected to be the highest. As per FMI, the soy protein segment is forecast to account for over 80% of the market through 2031.

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Key Takeaways from the Texturized Vegetable Protein Market Study

The North American texturized vegetable protein industry leads in terms of market size and accounts for 30.1% of the global texturized vegetable protein industry in 2021. The Soy Protein texturized vegetable protein industry is expected to have a market share of 70.0% of the global texturized vegetable protein industry in 2031. In the nature segment, Conventional holds 97.9 % of the texturized vegetable protein market.

In the end-user segment, Industry holds the maximum market share of 76.1% in 2021 of texturized vegetable protein industry where Meat Analogues holds 42.8% globally in 2021. Soy protein has a major share by product type and is anticipated to grow significantly over the forecast period. North America have a large number of companies and thus, majority of companies are emphasizing on offering non-GMO products, which are processed through extrusion-based technology, with enhanced functional properties so that their product can comply with strict requirements of clean label products.

“Benefits of opting vegan proteins are now gaining popularity due to which many big companies are investing in the production and innovation of texturized vegetable protein. Several manufacturers are acquiring or merging with key companies to expand their product portfolio and increase their market share. E-commerce and online stores are easing entry barriers and distribution costs. These factors are expected to make competition fiercer within the market” said a lead analyst at FMI

Who is Winning?

The global population is increasing at a rapid rate and it is expected that the population will be around 9.5 Bn by 2050 from 7 Bn in 2017. The situation is set to put quite a strain on the food and supply of raw material, resulting in the need for alternate protein sources. Key players operating in the market are adopting various strategies, which include expansion of production capacity and launch of various products.

A few of the leading players operating in the texturized vegetable protein market are Archer Daniels Midland Company, CHS Inc., Roquette Frères, Beneo GmbH, Danisco A/S, Vestkron A/S, Cargill Inc., FUJI OIL CO., LTD., Puris Proteins, LLC., MGP Ingredients, Inc., Crown Soya Protein Group, Sotexpro SA, Wilmar International Ltd., Gushen Biotechnology Group Co., Ltd., Ingredion Inc.

Texturized Vegetable Protein Market Key Segments

Product Type

Soy Protein
Wheat Protein
Pea Protein
Rice Protein

Nature

Organic
Conventional

Form

Chunks
Slice
Flakes
Granules

End Users

Household
Commercial
Industry
- Food Industry
  - Bakery
  - Snacks
  - Ready Meals
  - Sports Nutrition
  - Clinical Nutrition
  - Baby Food
  - Meat Analogues
  - Others
- Animal Feed

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Dive into the aquafeed market, a rising tide buoyed by surging seafood demand and sustainable aquaculture | FMI

Aquafeed Market is vital to aquaculture, is highly sought after as a result of rising fish consumption, the expansion of aquaculture, and the search seeking sources of sustainable protein. The market is driven by consumer awareness of the health benefits of seafood, while fluctuating raw material costs may have an effect on industry profitability.\

The aquafeed market has grown significantly over the last ten years, and this expansion is expected to continue. Numerous factors, such as the declining wild fish stocks, growing health consciousness, and an expanding global population, are responsible for this increase. Aquaculture is therefore starting to be recognised as a crucial strategy to satisfy the rising demand for seafood.

By 2033, aquafeed industry is expected to reach a valuation of US$ 90.9 billion, with a strong CAGR of 6.8% over the next ten years. This significant growth is anticipated from its starting point of US$ 46.8 billion in 2023.

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Aqua feed, often known as fishmeal or fishfeed, is an essential component of the aquaculture industry. It is essential for providing aquatic animals raised for aquaculture with essential nutrients, such as fish, prawns, and other crustaceans. The need for aqua feed has been steadily increasing as a result of the rise in global fish consumption, the development of the aquaculture industry, and the search for sustainable protein sources.

There are many reasons why the aqua feed market has expanded significantly. Growing consumer understanding of seafood’s health advantages is one of the main causes. The profitability of producers in the aqua feed industry may be impacted by fluctuating costs for raw materials including fish meal, fish oil, and soybean oil.

Market Opportunities In aqua feed market, there are many opportunities as the demand for seafood is increasing day by day. There are many technological advancements are seen, such as the development of feed ingredients and formulations. From this also, the demand for acquiring seafood is increasing

Compared to traditional fishing, this method of producing seafood is extremely sustainable. Since aqua feed contains protein, minerals, lipids, carbohydrates, and vitamins, it is in high demand since people are becoming more health concerned.

Key Takeaways

The aqua feed market is expected to grow consistently from 2023 to 2033, with a projected US $90.9 billion value by 2033.
In 2022, the United States emerged as the dominant force in the aqua feed market, commanding a significant market share of 31.2%.
Germany showcased impressive progress in 2022, attaining a market share of 8.5% and signaling a rising interest in the aqua feed sector.
The aqua feed market in Japan witnessed substantial expansion in 2022, securing a significant market share of 4.8% and demonstrating its increasing market potential.
India made a main entry into the aqua feed market in 2022, capturing a market share of 8.0% and showcasing its active involvement and influence within the industry.

Competitors Winning Strategies

Competitors of the aqua feed market are applying many strategies to become a leading company. Companies are focusing on research and development to develop new ingredients which help enhance the health and growth of fish and other aquatic animals. They are opening new feed factories all over the world to meet the growing demand for aqua feed in their regions.

They are making partnerships with other industries as well to accelerate the development of new ingredients also, they get more new customers from other industries.

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Top 15 Key Players in Aqua Feed Market

Cargill, Incorporated
Charoen Pokphand Foods PCL
BioMar Group
Ridley Corporation Limited
Aller Aqua
Biostadt India Limited
BENEO
Alltech
INVE Aquaculture
AKER BIO MARINE
Skretting
Purina Animal Nutrition LLC
Dibaq Aquaculture
Avanti Feeds Limited
The Waterbase Limited

Recent Developments:

Aller Aqua: Aller Aqua revealed its relationship with the Bayrise fish farm in Kenya to its long-term development with high-quality goods that will enhance aquaculture in Kenya.
BioMar: BioMar and Mols Bjerge mutually started an effort to repair eelgrass ecosystems. The project, referred to as “Havets Grønne Enge”, will contribute to the sea environment and lower CO2 from the atmosphere.
Cargill: Cargill confirmed the official launch of its newest fish feed plant, Lotus II, in Vietnam. The fish feed plant includes two lines with an output of approximately 100,000 tons annually.

Aquafeed Industry by Category

By Species:

Crustaceans
Fish
Others

By Form:

Extruded
Powder
Liquid
Pellets

By Function:

Health
Digestion
Palatability
Special Nutrition

By Ingredients:

Marine
Land Animal
Veg/Grain
Carotenoid
Nutrients
Others

By Sales Channel:

Direct Sales
Indirect Sales
Hypermarket
Supermarket
Wholesalers
Speciality Stores
Online
Other Retail Formats

By Region:

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

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Period Patch Market Poised for Steady Growth with a CAGR of around 7.02% by 2033: Insights and Projections

The global period patch market is estimated to be worth US$ 1,238.1 million in 2023, with a projected steady growth at a CAGR of around 7.02% from 2023 to 2033. By 2033, it is expected to reach a valuation of US$ 2,440.5 million. The period patch market represents approximately 3% to 7% of its parent market, the feminine care products market.

The rising prevalence of menstrual cramps is a significant driver fueling the expansion of the period patch market. Menstrual cramps, characterized by severe pain experienced by women before and during their menstrual periods, can lead to discomfort and disruption of daily activities for several days each month.

Menstrual cramps are becoming more common and more common among women, which has prompted manufacturers who specialise in women’s hygiene to create specific remedies. Strong urbanisation, rising disposable incomes, and an expanding female workforce are some of the key drivers of period patch sales.

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The prevalence of dysmenorrhea or cramping during the menstrual cycle has raised awareness of difficulties unique to women. Producers are stepping up to develop portable, women-focused goods in an effort to boost period patch uptake.

Increasing request for herbal products from customers has spurred manufacturers to offer an herbal alternative in the market. Take for instance, Sirona’s Feminine Pain Relief Patch, which is made of 100% herbal formulation to address menstrual and muscular pain. The product is replete with natural pain relievers.

Industry manufacturers are pushing forth their research efforts to lead in innovation. With more research in the sector of women’s hygiene, operators are aiming to extend their product line.

Businesses are also zeroing in on new prospective markets to enlarge their clientele and set up a robust global presence. Presently, top companies are aspiring for a wider circle of customers via advertisements, promotional strategies, and new product releases.

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Top Highlights from the FMI’s Analysis of the Period Patch Market:

The period patch industry is projected to account for the largest pie in the Europe market. In 2022, the Europe market achieved a 24.92% market share in the year 2022.
North America stands in the second position, by just a marginal difference from Europe. The North America market contributed to 24.15% market share in 2022.
The United States period patch industry contributed massively to the regional as well as global economy by holding a 21.41% market share in 2022.
The German period patch industry accounted for a substantial share of the Europe market. On a global scale, the market attained a 5.08% market share in 2022.
The United Kingdom period patch industry is projected to register a CAGR of 4.60% from 2023 to 2033.
Australia and Japan registered market shares of 4.42% and 3.5%, respectively, in 2022.
The India period patch industry is anticipated to display a robust growth rate of 9.90% CAGR over the forecast period.
The China period patch industry is expected to showcase a 9.10% CAGR from 2023 to 2033.
On the basis of product type, the cool patch segment accounted for a market share of 25.92% in 2022.
Based on warming comfort, the 8 hours segment held a market share of 19.93% in 2022.

Key Players Are:

Unexo Life Sciences Pvt. Ltd.
Cora
La Mend Inc. dba The Good Patch
LILAS WELLNESS
Rael
Nua Lagom Labs Private Limited
Care Me Inc.
Popband Ltd.
BeYou
BeBodywise
Sirona hygiene private limited
Medi Heally Philippines
Sparsha Pharma International Pvt Ltd

Key Players in the News

In June 2021, Pee-Buddy introduced Sirona Herbal Patch, a product that offers relief to women who go through painful period cramps.
In December 2020, Nua launched Cramp Comfort, which is a self-heating patch, to ease the management of period pain among women. The patch delivers up to eight hours of heat to give relief from period pain.

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Global Period Patch Market by Category

By Product Type:

Cool
Heated

By Price Range:

Below US$ 20
US$ 20 – US$ 30
US$ 30 – US$ 40
Above US$ 40

By Sales Channel:

Direct Sales
Specialty Stores
Pharmacy / Drug Stores
Departmental Stores
Online Retailers
Other Sales Channel

By Region:

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

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.

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Nandini Singh Sawlani

The plant-based ice cream market is projected to surge to US$4.3 billion by 2033, driven by rising consumer demand for healthy and delicious treats.

The global plant-based ice cream valued at US$ 1.6 billion in 2022, is set to surge to US$ 4.3 billion by 2033 with a 10% CAGR. This growth is driven by manufacturers focusing on clean label products and the increased demand fueled by advancements in plant-based milk and flavor innovations.

The global market for plant-based ice cream was estimated to be worth US$ 1.6 billion by 2022. The global market for plant-based ice cream will grow in the coming years as a result of manufacturers’ concentration on creating and promoting new plant-based ice cream products with “clean labels” and “label free.” If the 10% compound annual growth rate from 2023 to 2033 is used, it is predicted to have generated US$ 4.3 billion by 2033.

The market for plant-based ice cream is being driven by the growing accessibility and commercialization of plant-based milk. Technological developments in the sector and innovative products that improve flavour elevate consumer perception.

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Numerous product launches that accommodate a range of tastes and preferences would stimulate the market over the anticipated period. For example, in addition to its current offerings, Ben & Jerry’s has developed a wide range of new flavours, especially for the UK market. As more global firms enter the market, there will be more distribution channels available, which will result in more product sales overall.

The growing desire for a wide selection of flavours from ice cream lovers is one of the main drivers fueling the market’s rise. In a nutshell, the increased accessibility of flavours including mint chip, pistachio, peanut butter, strawberry, fudge brownie, vanilla, coffee hazelnut, raspberry, lemon, and salted caramel is boosting the market’s development pace.

Key Takeaways:

Exponential Growth: The global plant-based ice cream market is projected to surge from $1.6 billion in 2022 to an impressive $4.3 billion by 2033, showcasing a robust 10% Compound Annual Growth Rate (CAGR).
Clean Labels Drive Demand: Manufacturers’ emphasis on clean label products is a major growth driver. Consumers increasingly prioritize plant-based ice creams with transparent and minimal ingredient lists.
Flavor Innovations Spark Interest: Advancements in plant-based milk and continuous flavor innovations contribute to heightened consumer interest, propelling the market forward.
Global Market Dynamics: The United States is predicted to dominate the market, holding a 26.8% market share in 2022, while Europe, India, and the United Kingdom are poised for substantial growth with projected CAGRs.
Diverse Product Launches: Numerous product launches catering to diverse tastes and preferences are expected to stimulate market growth. Leading brands like Ben & Jerry’s are expanding their offerings, introducing new flavors to capture a wider market.
Consumer Health Awareness: Rising instances of lactose intolerance and increased health awareness contribute to the growing demand for plant-based alternatives. Consumers seek healthier options, driving the market’s expansion.
Strategic Market Presence: Key players such as Unilever, Nestle, and Danone are focusing on product development, quality, and expanding their market presence to meet the rising demand for plant-based ice creams.

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Competitive Landscape

Key businesses are placing a lot of emphasis on developing and creating new products in order to satisfy customer demand while maintaining premiumization by providing a range of flavors and product quality.

The market for plant-based products remains untapped and lucrative for manufacturers as more customers adopt healthy eating trends. The market under study will also be improved further by raising R&D expenditures and investigating new distribution methods, such as internet retail channels.

Prominent players in the plant based ice-creams market are:

Unilever Plc.
Nestle SA
Tofutti Brands Inc.
General Mills, Inc.
Danone SA,
Booja Booja Company Ltd.
Little Red Rooster Ice Cream Company
Bliss Unlimited LLC.
JUDE’S

Key Segments Profiled in the Global Plant Based Ice-creams Market

By Form:

Singles
Blends

By Product Type:

Bars
Cones
Cups/Tubs
Others

By Flavor:

Fruits
- Strawberry
- Banana
- Orange
- Raspberry
- Pomegranate
- Lemon
- Others
Nuts
- Coconut
- Almond
- Hazelnut
- Others
Herbs
- Cinnamon
- Mint
- Peppermint
- Others
Beans
- Vanilla
- Chocolate
- Coffee
- Others

By Source:

Soy Milk
Coconut Milk
Almond Milk
Cashew Milk
Others

By Sales Channel:

Direct Sales
Indirect Sales
Hyper/Supermarket
Franchise Outlets
Online
Other Retail Formats

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Recent Developments:

Keventers’ Plant-Based Venture: The renowned dairy brand, Keventers, extended its product offering with plant-based ice cream in 2023. This initiative aims to cater to the growing demand for plant-based options, featuring flavors like Vegan Strawberry and Vegan Dark Chocolate.
Unilever’s Vegan Innovations: Unilever introduced the Magnum Vegan Raspberry Swirl in Veganuary 2023, expanding its range of plant-based offerings. This launch showcases the industry’s commitment to meeting consumer preferences for diverse and indulgent plant-based treats.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global plant based ice-creams market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the plant based ice-creams market, the market is segmented on the basis of plant based ice-creams by form (singles, blends), product type (bars, cones, cups/tubs, others), flavor (fruits, nuts, herbs, beans), source (soy milk, coconut milk, almond milk, cashew milk), sales channel (direct sales, indirect sales, hyper/supermarket, franchise outlet, online) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Expert-Recommended Baseball Exercises for Strength and Agility

When it comes to excelling on the baseball field, building strength and agility is just as critical as technique. Athletes like Albert Pujols, known for his incredible Player Stats for Albert Pujols, have shown that a well-rounded fitness regimen can elevate performance to remarkable levels. Let’s dive into expert-approved exercises that can boost your power, speed, and mobility for peak performance.

Why Strength and Agility Matter in Baseball

Strength and agility are the cornerstones of success in baseball, supporting everything from batting power to quick reactions. Being strong helps with explosive moves like batting, while agility allows players to react fast and move efficiently on the field. Training that combines these two elements is ideal for players looking to enhance their endurance, responsiveness, and overall game presence.

Key Strength Exercises

1. Deadlifts

Deadlifts are foundational for building core and lower body strength, which translates into better batting power and improved stability. With proper form, deadlifts activate major muscle groups like the glutes, hamstrings, and back. Aim for controlled reps with manageable weight to avoid injury.

2. Rotational Medicine Ball Throws

This exercise is fantastic for boosting rotational strength, which is essential for batting. Holding a medicine ball, stand with feet shoulder-width apart and twist to throw the ball against a wall or into a partner’s hands. This move mimics the rotational force needed during a swing, training muscles in the hips, core, and shoulders for powerful batting.

3. Lunges

Lunges improve lower body strength and stability, which is crucial for fast sprints and defensive movements. Forward, reverse, and lateral lunges all target different muscle groups and train for balance. Add dumbbells to make lunges more challenging and build explosive power for running bases or fielding ground balls.

Essential Agility Exercises

1. Ladder Drills

Agility ladders are a staple in speed training, improving footwork and reaction time. There are various ladder drills to try, from “in-and-out” moves to quick hops. Working through ladder drills regularly helps you react quickly to unexpected plays, sidestep opponents, and change directions with ease.

2. Cone Drills

Cone drills challenge players to work on rapid changes in direction, improving reaction times and control. Set up cones in different formations and practice moving around them at high speed. The “T-Drill” and “5-10-5” are popular choices that enhance agility while training your muscles to make quick, explosive movements.

3. Shuttle Runs

Shuttle runs improve speed, endurance, and reaction time. Mark out a distance, usually 10-20 yards, and practice running back and forth between markers as quickly as possible. This drill trains you to accelerate, decelerate, and pivot effectively, helping you reach balls faster or run bases with precision.

Functional Exercises for Flexibility and Mobility

Agility and strength exercises are most effective when paired with mobility work, which keeps joints healthy and improves overall movement quality.

1. Dynamic Warm-Ups

Incorporating dynamic stretches like high knees, butt kicks, and arm circles before workouts warms up muscles and increases joint mobility. These moves prepare your body for intense training sessions, reducing the risk of injury and improving performance.

2. Yoga for Flexibility

Yoga is excellent for flexibility, balance, and breath control. Simple poses like downward dog, child’s pose, and warrior stretches can loosen up tight muscles and promote better range of motion. Practicing yoga regularly helps players stay agile and flexible, especially during long seasons.

Wrapping Up: Combining Strength and Agility for Game-Day Success

Incorporating these exercises into your training routine will make a noticeable difference in your game. Whether you’re working on strength-building moves like deadlifts or practicing footwork through ladder drills, combining strength and agility exercises is essential for peak baseball performance. Like Albert Pujols, you can build an impressive set of skills and stats by committing to a routine that enhances power, speed, and mobility.

Persulfates Market on the Rise: Expected to Reach CAGR of 3.7% by 2033

The global persulfates market is expected to be worth US$ 869.7 Million in 2023, and it is anticipated to increase at a compound annual growth rate (CAGR) of 3.7% between 2023 and 2033. This is due to increased consumption of persulfates from major end-use industries such as polymers and electronics.

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The rising demand for persulfates in the electronics sector, as well as growing preference in the paper, pulp, and textile industries, are predicted to propel the market. The ease of regulations in 2021 inspired industrial production operations such as electronics, polymers, and others. This, in turn, has ramped up the persulfates market’s growth. The advancement of the electrical and electronics industries, as well as the increased efficiency of polymers, will drive the persulfates revenue potential in the coming years.

In terms of size, the US electronics market is the biggest in the world. It is anticipated to remain the market leader during the projected timeframe, owing to the use of sophisticated technology, a rise in the number of R&D centers, and rising consumer demand. Therefore, this factor will generate major revenue for the market in North America. The existence of a substantial number of plastic manufacturing sectors in countries such as China, Indonesia, and Malaysia is credited with the development.

Key Takeaways from Market Study

Asia Pacific has emerged as the dominant region, accounting for more than 45.5% of revenue in 2021
In 2022, the polymers segment led the market, accounting for more than 51% of total revenue
In 2021, the ammonium segment dominated the industry with overall revenue of more than 50.5%
Over the forthcoming years, North America is expected to grow at a revenue-based CAGR of 3.8%
As reported by the Chemicals and Petrochemicals Manufacturers’ Association (CPMA), polymer production in India was 12.35 million tons in 2020 and 13.54 million tonnes in 2021.

“The market size is attributed to rising persulfate consumption from major end-use industry segments such as polymers and the electronics industry” – says an analyst at Future Market Insights.

Key Market Players

Key players in the Persulfates market are Evonik Active Oxygens; RheinPerChemie; UI VR Persulfates; MITSUBISHI GAS CHEMICAL COMPANY, INC.; Fujian ZhanHua Chemical Co., Ltd.; Ak-Kim; Yatai Electrochemistry Co. Ltd.; Hebei Jiheng Group; Fujian Jianou Yongsheng Industry; San Yuan Chemical Co., Ltd.

Evonik Industries AG announced the successful completion of its procurement of PeroxyChem in February 2020.
Calibre Chemicals, an Indian specialty chemicals company, acquired RheinPerChemie GmbH from Evonik in September 2022.
Everstone Capital, a Singapore-based firm, announced the acquisition of a majority stake in Calibre, a persulfate producer, in August 2021. With the help of Everstone’s substantial and strategic resources, this collaboration aims to transform Calibre from a family-owned company into a global manufacturer.
United Initiator, an international persulfate manufacturer, launched its sodium persulfate plant in Huaibei, China, in October 2019. This new plant has a production capacity of 10,000 tons per year.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Embolization Coils market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Type (Ammonium, Sodium, Potassium), By End-use (Polymers, Electronics, Oil & Gas), & Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Pet Treats and Chews Market Set to Reach US$ 15 Billion by 2033: Growth Projections and Trends Analysis

The pet treats and chews market is anticipated to be worth US$ 9 billion in 2023, with projections indicating an increase to US$ 15 billion by 2033. Throughout the forecast period, the adoption of pet treats and chews is expected to progress at a compound annual growth rate (CAGR) of 5.2%. With the growing demand for organic and natural products, there is an opportunity for manufacturers to develop pet treats and chews made from high-quality, responsibly sourced ingredients. Providing options free from artificial additives and preservatives can attract health-conscious pet owners.

According to FMI, the United States is projected to account for 27% of the pet treats and chews market in North America. The ongoing trend of veganism in the country has resulted in increased sales of plant-based treats and chews.

Pet owners are increasingly seeking treats that offer additional health benefits, such as dental care, joint support, or stress relief. Developing functional treats that address specific pet health concerns can open up new market segments. As pet owners explore alternative diets for their pets, there is an opportunity to develop treats and chews using novel protein sources like insect-based proteins or plant-based proteins. Catering to pets with specific dietary needs or those following alternative diets can be a niche market segment.

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The rise of e-commerce and direct-to-consumer sales presents opportunities for pet treat manufacturers to reach a wider customer base. Investing in online platforms and establishing direct relationships with pet owners can bypass traditional distribution channels and create new revenue streams. Pet owners seek unique experiences for their furry companions. Offering customizable or personalized pet treats and chews, such as shape variations or tailored flavors can attract consumers looking for a special touch for their pets.

Key Takeaways from the Pet Treats and Chews Market:

According to FMI, the United States is projected to have a 27% market share in the pet treats and chews market in North America.
The sales of pet treats and chews in Germany are expected to experience a 3.3% CAGR during the forecast period.
The pet dental chews segment is predicted to hold 29% of the total market share throughout the forecast period.
The dog treats and chews segment dominates the overall pet treats and chews market.
Modern trade, including hypermarkets and supermarkets, has been the preferred sales channel, accounting for a 23% share of total sales.

“The pet treats and chews market continues to witness steady growth, driven by increasing pet ownership, humanization of pets, and a rising demand for healthy, natural, and functional treats for furry companions”, remarks an analyst at FMI.

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How Key Players are revolutionizing the Manufacturing of Pet Treats and Chews market?

Key players in the pet treats and chews market are revolutionizing the manufacturing process to meet evolving consumer demands and enhance product quality. Advanced technologies, such as extrusion and freeze-drying, are being employed to create innovative and nutritious treats with optimal texture and flavors.

These players are incorporating natural and organic ingredients, ensuring transparency and sustainability in sourcing. There is a focus on functional treats, offering specific health benefits like dental care or joint support. Packaging and branding innovations are employed to enhance product appeal and convenience. Overall, these revolutionary efforts by key players are reshaping the pet treats and chews market, providing pet owners with a wider array of healthy, tasty, and specialized options for their beloved pets.

Key Players in the Market:

Mars Pet, Inc
Nestlé Purina PetCare
The J.M. Smucker Co.
Hill’s Pet Nutrition, Inc.
General Mills, Inc.
Diamond Pet Foods
Spectrum Brands/United Pet Group
Mammoth Pet
Fluff and Tuff Inc.
Central Garden and Pet Co
ZippyPaws’
PetMate
KONG Company
Eurocan Pet Products
Cadet Pet, Inc.
Presidio Natural Pet Co
Wellness P

Product Portfolio:

Mars Pet, Inc offers a comprehensive product portfolio for pets, including renowned brands such as Pedigree, Whiskas, Iams, and Royal Canin. Their portfolio encompasses a wide range of pet food, treats, and nutritional supplements, catering to the specific needs and preferences of dogs and cats.
Nestlé Purina PetCare provides a diverse product portfolio tailored to meet the nutritional requirements and taste preferences of pets. Their portfolio includes popular brands like Purina ONE, Purina Pro Plan, Friskies, and Fancy Feast, offering a wide selection of pet food, treats, and specialized formulas for dogs and cats.

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Market Segmentation

By Product Type:

Dental care
Aromatic Treats
Comfort Treats
Training Treats

By Pet Type:

Cats
Dogs

By Ingredient Type:

Plant Based
Animal Based

By Price Range:

Mass
Premium

By Sales Channel:

Pet Specialty Stores
Drug Stores
Modern Trade (Hypermarket/ Supermarkets)
Online Retailers
Convenience Stores
Other Sales Channel

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & Africa

Author

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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Nandini Singh Sawlani

Concrete Growth: 6.7% CAGR Projected for Construction Chemicals Market Driven by Infrastructure Boom

According to a recent industry analysis by Future Market Insights, the construction chemicals market is expected to be worth US$ 54.85 billion in 2022. (FMI). Over the projection period, demand is expected to increase at a CAGR of 6.7%.

The construction chemicals market plays a pivotal role in the modern construction industry, revolutionizing the way buildings are designed, constructed, and maintained. These specialized chemicals are used to enhance the performance and durability of construction materials, ensuring the longevity and sustainability of structures. With an increasing emphasis on infrastructure development, urbanization, and environmental consciousness, the construction chemicals market is poised to witness significant growth in the coming years.

The construction chemicals market encompasses a wide range of products, including concrete admixtures, waterproofing compounds, adhesives, sealants, protective coatings, and repair and rehabilitation products. These chemicals cater to various segments, such as residential, commercial, industrial, and infrastructure development projects. They address critical challenges faced during construction, such as enhancing concrete strength, improving workability, reducing water permeability, and providing resistance to chemicals, weather, and abrasion.

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Major players in the construction chemical industry are focusing on environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection.

Demand for construction chemicals is boosted by rising living standards and per capita disposable income. There is probably more residential and non-residential construction to accommodate the growing demand brought on by urbanization. However, government regulations forbid the excessive use of construction chemicals, as VOC emissions prevent the construction chemicals market for these materials from growing.

In order to emphasize multifunctional properties and significantly support unique materials with a variety of uses, the building chemicals industry is generating a wide range of solutions, such as small changes of conventional materials and the development of new material assemblages.

Applications of construction chemicals are essential for maintenance tasks. The importance of maintaining, repairing, and enhancing existing structures, particularly for residential and infrastructural developments, is what drives demand for construction chemicals.

Numerous government initiatives to promote infrastructure development, together with the rising residential sector, have significantly supported the market expansion in the area over the predicted period.

Key Takeaways

The construction chemicals market is likely to have a CAGR of 6.7% during the forecast period.
According to the application, the resident segment holds the largest share during the forecast period for the construction chemicals market.
North America holds a significant share in the global construction chemicals market.
Based on type, concrete admixture accounted for the 36% construction chemicals market share in 2021.
During the forecast period, Asia Pacific is expected to dominate the construction chemicals market.
The value of the construction chemicals market is expected to be US$ 104.92 billion by 2032.

Competitive Landscape:

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

To boost their market share in the construction chemicals industry, the leading companies in this space mostly employ acquisition and growth strategies.

Recent Developments

In July 2021, Saint-Gobain and Chryso, a major player in the worldwide construction chemicals market, entered into a purchase agreement. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction. With combined sales of more than €3 billion across 66 countries, it further increased the Group’s footprint in the developing construction chemicals sector.
With the debut of a distinct green product line in the category, JSW Cement, India’s top green cement business, entered the construction chemical market in June 2021. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation grew as a result of this development.

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Construction Chemicals Market Key Players

GCP Applied Technologies
SIKA AG
The DOW Chemical Co.
RPM International Inc.
Ashland Inc.
MAPEI
Akzo Nobel NV
Arkema SA
Fosroc
Pidilite Industries
Covestro AG
Henkel AG & Co. KGaA
HB Fuller Company
Lanxess AG
The 3M Company
Wacker Chemie AG
Huntsman Corporation
Momentive Performance Materials
Guangzhou Jointas Chemical Co. Ltd.

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Ski Gear & Equipment Market: Steady Growth Projected at a 3.2% CAGR by 2032

As per Future Market Insights, the global ski gear and equipment market is expected to experience steady growth, with a projected value CAGR of 3.2% during the forecast period from 2022 to 2032. In 2021, the market was forecasted to generate a global revenue of US$ 1.6 billion, with expectations to reach US$ 2.26 billion by 2032.

Skiing is considered to be one of the most popular and fascinating adventure sport practiced in the North American and the European regions in large scale. Over the years, the global skiing sports industry has witnessed a rise in the number of participants and audience which is attributable to the experience one gets while playing sports. With the rise in popularity of the sports, skiing is now being considered in global sports event such as the Olympics.

There are types of skiing practiced i.e. cross-country skiing, Alpine skiing and ski touring. With the rise in the number of participants for the sports, there has been a significant rise in demand for various types of ski gear & equipment. Ski gear & equipment promotes safety and smooth rides to its users.

Now that skiing is considered one of the commercial sports in the global industry, ski gear & equipment has been gaining traction in various parts of the world. Ski gear & equipment includes jackets, snowboards, goggles etc which are available in various styles that cater to varying needs and demands of its customers.

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The prominent growth drivers influencing the ski gear and equipment industry

Rising Popularity of Skiing: The increasing popularity of skiing as a recreational and competitive sport is a major driver for the growth of the ski gear and equipment industry. As more people engage in skiing activities worldwide, there is a corresponding surge in demand for high-quality ski gear and equipment.
Technological Advancements: Continuous advancements in technology have led to the development of innovative ski gear and equipment, including improved materials, designs, and features. These technological innovations enhance the performance, comfort, and safety of ski equipment, driving consumer demand and market growth.
Growing Participation in Winter Sports Tourism: The rise in winter sports tourism, especially in regions with favorable skiing conditions such as mountainous areas and ski resorts, contributes significantly to the demand for ski gear and equipment. Tourists seeking memorable skiing experiences fuel the need for modern and reliable gear, stimulating market growth.
Increasing Disposable Income: As disposable income levels rise globally, more individuals have the financial means to invest in leisure activities like skiing. This increased purchasing power translates to greater expenditure on ski gear and equipment, boosting market growth.
Focus on Health and Fitness: The growing awareness of the importance of health and fitness is prompting more people to engage in outdoor activities like skiing. Skiing is perceived as an enjoyable way to stay active and maintain physical fitness, leading to an increased demand for ski gear and equipment.
Influence of Social Media and Influencers: Social media platforms and influencers play a significant role in promoting skiing as a trendy and desirable activity. Influencers often showcase the latest ski gear and equipment, influencing their followers to invest in similar products, thereby driving market growth.
Expansion of Online Retail Channels: The proliferation of online retail channels provides consumers with convenient access to a wide range of ski gear and equipment. The ease of browsing, comparison, and purchase offered by online platforms contributes to increased sales and market expansion.

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Global Ski Gear & Equipment Market: Key Players

Some of the key players operating in the global Ski Gear & Equipment market are

Amer Sports Oyj
Fischer Sports GmbH
Black Diamond Equipment
Groupe Rossignol
Coalition Snow
Helly Hansen
Volkl Int. GmbH
K2 Sports LLC
Alpina DOO
Clarus
The Burton Corporation
Skis Rassignol S.A
Icelantic LLC
Beteilgungsverwaltungs GmbH
Cheers.US

Ski Gear & Equipment Market: Key Developments

In 2017, Burton Snowboard, one of the key players in global Ski Gear & Equipment launched a new kind of ski gear & equipment product i.e. new strapless, step-in Step On boot-binding system, after five years of R&D.
In 2017, various key players in European ski gear & equipment market organized a high-profile exhibition The Telegraph Ski & Snowboard Show notifying its key product launches of the year to its target customers.

Opportunities for Ski Gear & Equipment Market Participants

There have been recent developments where artificial snow environment being installed in the commercial mall for better customer services and experiences. For instance, the Dubai Mall has installed artificial snowboard for its customers to have a gist on how various snow sports like skiing looks like. Likewise, there are many other prominent malls that have come up with such initiatives. This one critical factor will further provide a critical opportunity for ski gear and equipment to gain traction at a significant rate in the global market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, types, application, end-use & sales channel.

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Key Segmentations:

On the basis of types

Jacket
Timer
Goggles
Helmets
Snowboard
Snowboard boots
Ski Gloves
Snowboard sticks
Skiing apparels
Others

On the basis of application

Cross-county skiing
Alpine Skiing
Downhill skiing
Ski touring

On the basis of end use

Men
Women
Kids

On the basis of the sales channel

Wholesaler/Distributors
Specialty Store
Franchise Stores
Online Store

Author

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