Market Research Blog – Page 3464 – New Product Development

Reflow Oven Market Robust Growth Fueled by Growing Demand and Emerging Factors | Future Market Insights

According to Future Market Insights, reflow ovens market size reached US$ 987.2 Million in 2023 and it is expected to touch a valuation of US$ 1,518.5 Million by 2033. Total reflow oven sales are likely to exhibit a CAGR of 4.4% during the projection (2023-2033).

One of the main factors propelling the growth of the worldwide reflow oven market is the electronics and semiconductor industries’ robust global growth made possible by the quick adoption of digitalization.
Analysis
Reflow soldering, which involves using solder paste to attach electrical components to their contact pads, is a critical stage in the production of electronic products these days. Reflow ovens are used by businesses for this kind of job.

Reflow ovens provide uniform heating throughout the soldering process, preventing component breakage and ensuring strong electrical connections. They are widely used in the production of semiconductor packaging, electrical components, and solar cells.

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Growing demand for smaller electronic devices worldwide is expected to boost the global reflow ovens industry. Similarly, rising demand for lead-free soldering techniques along with growing awareness of the environmental risks caused by lead and other hazardous elements used in conventional soldering techniques is likely to fuel sales of reflow ovens during the forecast period.

Regionally, North America holds the largest market share, and it is expected to continue its dominance during the projection period. This is due to the rapid growth of electronics industry, increasing adoption of consumer electronics, and strong presence of leading reflow oven manufacturing companies.

In addition to this, increasing demand for advanced semiconductor devices and the continued expansion of manufacturing and assembly operations in the region will boost reflow oven market in North America during the next ten years.

Key Takeaways from the Reflow Oven Market Study:

During the projection period 2023-2033, the reflow oven market is expected to expand at 4.4% CAGR.
Based on product, vapor phase ovens segment holds a significant revenue share of the global market.
By application, PCB and electronics segments will together generate maximum revenues through 2033.
With booming electronics and semiconductor industries, the U.S. holds around 32.6% share of the global reflow oven market.
The U.K. reflow oven market is expected to grow at 6.1% over the projection period.
Reflow oven demand in India is likely to increase at 6.5% CAGR between 2023 and 2033.
The China reflow oven market is anticipated to expand at 6.2% during the assessment period.

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Who is Winning?

Leading players in the market include JLW Electronics, Nordson Corporation, Vitronics Soltec, Electrovert Limited, and PVA Tepla America. New product launches with enhanced features, acquisitions, mergers, and facility expansions are some of the key strategies adopted by these reflow oven manufacturers.

Get Valuable Insights into Reflow Oven Market

FMI, in its new offering, provides an unbiased analysis of the Reflow Oven market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Reflow Oven market based on Product (Vapor Phase Ovens, Infrared & Convection Ovens), Application (PCB, Electronics, Semiconductor Packaging, Solar Cell Manufacturing), and Sales Channel (Online, Offline), across several regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Segmentation of Reflow Oven Industry

By Product:

Vapor Phase Ovens
Infrared & Convection Ovens

By Application:

PCB
Electronics
Semiconductor Packaging
Solar Cell Manufacturing

By Sales Channel:

Online
Offline

By Region:

North America
Europe
Asia Pacific
Latin America
MEA
RoW

About Future Market Insights (FMI)

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

Contact Us:

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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Animal Feed Probiotic Market Surges to US$ 6,798 Million by 2034, Riding a Strong 6.4% CAGR | FMI

The global animal feed probiotic market is estimated to be around US$ 3,645 million in 2024. In 2023, the market was valued at US$ 3,594 million. It is projected to exhibit a CAGR growth of 6.4% over the forecast period, with an estimated market size of US$ 6,798 million in 2034.

Animal Feed Probiotic have gained popularity as alternatives to traditional additives, owing to their positive impact on gut health. The use of Animal Feed Probiotic as natural and sustainable feed additives for livestock is on the rise, driven by several factors. The key drivers are the increasing demand for meat and dairy products and the need to promote animal well-being. As a result, the market for prebiotics is experiencing an upward trajectory, with ongoing research and development efforts leading to innovative products.

The animal farming industry’s expansion, regulatory encouragement for natural feed additives, and a preference for quality livestock products contribute to the growing market for Animal Feed Probiotic. Consumers and farmers are prioritizing feed additives that enhance animal health, and prebiotics is well-suited to this need.

Reducing antibiotics in animal feed due to concerns about antimicrobial resistance has positioned prebiotics as a natural alternative to support gut health and immunity. Despite the market’s resilience and potential for further growth, some challenges remain. Supply chain disruptions, changes in consumer behavior during economic downturns, and high production costs of prebiotics are among the industry’s obstacles. Convincing traditional farmers to adopt new practices can also be gradual, and limited education programs may hinder widespread adoption. Nonetheless, the overall positive outcomes in animal health and performance drive increased prebiotic adoption, making it a promising area for further research and development.

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Key Takeaways from the Market Study

Bacterial sources dominate the global animal feed probiotic market with a 55.1% share in 2024.
Livestock in animal type in the animal feed probiotic market accounted for 34% of the share in 2024.
The animal feed probiotic market in Japan is predicted to grow at a remarkable CAGR of 8.0% through 2034.
The Indian animal feed probiotic market is predicted to rise by 6.7% CAGR through 2034.
The animal feed probiotic in China is predicted to rise at a whopping 6.5% CAGR through 2034.
The animal feed probiotic in the United States has the potential to increase at 5.1% CAGR through 2034.

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Competitive Landscape

Leading companies such as Koninklijke DSM N.V., Alltech, Inc., Chr. Hansen Holding A/S, E. I. du Pont de Nemours and Company, and Evonik Industries AG contribute to the growth of the animal feed probiotic market:

Big manufacturers and producers of Animal Feed Probiotic are innovative in introducing advanced prebiotic products.
Collaborating with research institutions to accelerate the development and adoption of new technologies.
Having a global presence and robust distribution networks to meet diverse needs and testing in eco-friendly production processes and promoting sustainable approaches to feed additives.

Recent Developments:

On December 11, 2023, the Asia Pacific probiotics in animal feed market witnessed significant growth. Probiotics promote animal health and productivity by maintaining a balanced gut microbiota for optimal nutrient digestion and absorption.
On October 15, 2023, Evonik and Shandong Vland Biotech successfully launched a joint venture in China dedicated to enhancing the gut health of farmed animals through a specialized focus on probiotics.

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Market Segmentation

By Source:

Bacteria
Non-Bacteria

By Animal:

Companion Animal
Livestock
Equine
Swine
Aquaculture

By Form:

Liquid
Dry

By Sales Channel:

Modern Trade
Direct Sales

By Region:

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

About Future Market Insights (FMI)

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

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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Vegan Cat Food Market Set to Reach US$ 17,158.8 Million by 2033, Riding a 6% CAGR, Fueled by Pet Humanization Trend

The vegan cat food market is forecasted to expand at 6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 9,291 million in 2023.

Growing ethical concerns among the masses related to the killing of animals for food are giving an impetus to market growth. Another factor fuelling the demand for vegan cat food is the perception of a plant-based diet as a nutrient-rich and healthy option for animals and humans alike.

A large proportion of environment-conscious pet owners are opting for vegan cat food to leave a relatively small carbon footprint behind, as opposed to animal products. Alternate fat sources, like coconut oil, can be seen replacing animal-based fats. This is a significant factor since cats require fat to maintain a high level of energy and to maintain their skin and coat health.

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Another important market-propellant is the rising cognizance regarding the health benefits associated with a vegan diet for both animals and humans. A vegan diet is considered healthy than one including meat and dairy products, due to reduced saturated fats and cholesterol and high levels of antioxidants and fibre.

Surging prices of dairy and meat products are also pushing people toward vegan cat food. Vegan cat food represents an affordable option in light of the rising prices of non-vegetarian products.

Manufacturers are relying on the innovation of their vegan cat food product line as a key strategy to gain many customers. The producers are constantly exploring new formulations for cat food as the demand for new items in the cat food portfolio is rising. Additionally, increasing investments in the advertisement of the product is expected to generate notable sales and revenue for the vegan cat food line.

Top Highlights from the FMI’s Analysis of the Vegan Cat Food Market:

The United States vegan cat food industry is expected to constitute more than 33% of the overall market in 2023.
Germany’s vegan cat food industry acquired 17% of the global market in 2022.
Japan’s vegan cat food industry is projected to gain more than 1% of the overall market in 2023.
The United Kingdom vegan cat food industry is estimated to register a CAGR of 8.7% over the forecast period.
China market is expected to record a CAGR of 4.3% in the coming years.
India’s vegan cat food industry is anticipated to attain a CAGR of 3.4% in the estimated period.
Based on product type, the kibble/dry segment is projected to get more than 35% over the forecast period.
Based on pet type, the kitten segment is expected to acquire above 35% in the coming years.

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Market Watch: New Innovations in the Market

In December 2020, Veggie Animals, a Spanish brand, introduced vegan food for cats. The company extended its product range to incorporate new Veggie Animals PLUS for cats. The product can be consumed by adult cats and is available in the formats of 2kg and 12.5kg throughout Europe.
In October 2022, Peterra Kitchen, which is a “plant-forward” startup of pet food, released new baking mixes for cats and dogs. The plant-based mixes can be deployed to create cat food mix-ins and dog treats. These mixes consist of “health-protective” herbs and spices composed of prebiotics, fiber, and antioxidants to support pets’ gut health.

Top 10 Key Companies Profiled in Vegan Cat Food Market

Benevo
Wysong
Evanger’s Dog & Cat Food
Nature’s Recipe
My Aistra
Evolution Diet
Cannapple
Eco Dog and Cats
Nature’s diet
Dr. Good pet

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Vegan Cat Food Market by Category

By Product Type:

Kibble/Dry
- Extruded
- Baked
- Coated
Dehydrated Food
Treats and Chews
- Pastes
- Creams/Cream Snacks
- Crunchy Snacks
- Chew Sticks
- Tablets
- Biscuits
Freeze-Dried Raw
Wet Food
Frozen
Powder
Freeze-Dried Food

By Age Group:

Kitten
Adults

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

By Packaging:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

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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Citrus Seeds Market Poised to Surge to US$ 8.9 Billion by 2033, Propelled by a Robust 6.8% CAGR | FMI

The market for citrus seeds worldwide was projected to reach US$4.32 billion in 2022. Sales are expected to reach $8.9 billion by 2033 thanks to consumer preference for healthy and natural components, which will result in a 6.8% CAGR from 2023 to 2033.

Citrus seeds are used far less frequently than they are generated. The demand-supply imbalance should be reduced by research on the many uses of citrus seeds, particularly in the food and beverage sector. According to FMI predictions, the market for citrus seeds would expand at a significant CAGR due to the rising demand for these derivatives in a variety of applications.

Citrus seeds are recognized for having anti-inflammatory characteristics that support healthy scalp maintenance and give hair a natural sheen and structure. Products made from citrus seeds are beneficial for revitalizing the scalp since they fight dandruff as well as sebaceous dermatitis and, in the end, stimulate the hair follicles to encourage the formation of new hair. Climate change has resulted in significant alterations to the skin’s sensitivity and propensity for disease outbreaks.

The usage of citrus seed products aids in moisturizing the skin by replenishing moisture and enhancing the skin’s healthy shine. The market for citrus seeds is expected to benefit from the rapid increase in the usage of citrus seeds in cosmetology as well as personal care products from 2023 to 2033.

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Key Takeaways from the Market Study

Sales of citrus seeds increased at a 4.2% CAGR between 2018 and 2022.
In 2022, the conventional category had a 74% market share advantage over the organic segment.
Oil extraction is the most common use and in 2022, oil extraction held a 62.5% market share.
Direct B2B industry is estimated to hold a significant market share of 67.1% in 2022.
By 2033, India will control more than 26.2% of the market in Asia-Pacific outside of Japan.
In 2022, the US held a 73.5% market share in North America.

“The worldwide citrus seeds market is expanding as a result of customers, who are looking for products that are manufactured organically and don’t cause skin allergies as a consequence, which is increasing demand for skin care and cosmetics products free of chemicals.” remarks an FMI analyst.

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Competitive Landscape

Market players are extending their manufacturing facilities to increase production volumes. Businesses of all kinds must constantly evolve technologically to compete in this cutthroat climate, thus frequent machinery upgrades are carried out to boost productivity. Adopting modern, cutting-edge marketing techniques to promote the products—such as eco-friendly packaging and biodegradable packets—will guarantee a favorable perception in the eyes of the public and will also place the goods in an advantageous position for success.

Prominent players in the citrus seeds market are:

Lemon Concentrate S.L.
Citrosuco S.A.
Louis Dreyfus Company B.V.
Yantai North Andre Juice Co. Ltd.
Sucocitrico Cutrale Ltd.
Citromax Group
Peace River Citrus Products
Rio Grande Juice Company
Vita-Pakt Citrus Products
Panteley Toshev Ltd
Tangshan Eusa Colors Int’l Group(EUSA COLORS)
Presque Isle Wine Cellars
Parchem Trading Ltd.

Some key developments of the leading companies in this market are:

Yantai North Andre Juice Co.,Ltd. is a renowned company in this market that makes concentrated fruit juice drinks. Juice purees, vegetable juices, fruit juices, compound fruit as well as vegetable juices, and other goods are produced by the company. Yantai North Andre Juice distributes its goods around the world, including in Asia, Europe, and North America.

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Key Segments Profiled in the Global citrus seeds market

By Nature:

Organic
Conventional

By Application:

Animal Feed
Oil Extraction
Dietary Supplements
Personal Care and Cosmetics
Household/Retail
Others

By Sales Channel:

Direct/B2B
Modern Trade
Specialty Store
Online Retailers
Other Sales Channels

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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Hexane-Free Protein Market Soars to US$ 285.73 Million by 2033, Riding a Robust 9.7% CAGR | FMI

The hexane-free proteins market worldwide was predicted to reach US$ 103.2 million in 2022. Growing public interest in flexitarian eating habits and increased demand for dairy and meat substitutes are driving the market’s expansion. This has produced an anticipated amount of US$ 285.73 million by 2033, with a CAGR of 9.7% from 2023 to 2033.

The desire for natural, environmentally friendly solvents is being fueled by worries about the negative effects of petroleum-based solvents used on foods for the extraction of oils, such as hexane. The market’s demand for green protein is rising as a result.

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Hexane-free proteins are particularly popular as supplements due to their functional benefits, like their excellent solubility in aqueous media and the availability of vital elements. As the vegan community has expanded, so has the need for plant-based protein.

Hexane-free proteins are being utilized more frequently in sports nutrition products since they are regarded as secure and additive-free. For instance, organic pea protein is a hexane-free protein that athletes are increasingly asking since it is pure, unprocessed, non-GMO, loaded with amino acids, and simple to incorporate with foods and beverages.

Key Takeaways from the Market Study

According to FMI’s study, sales of hexane-free proteins increased at a 7.8% CAGR between 2018 and 2022.
By 2023, the market for isolate hexane-free protein is anticipated to represent 56.3% of the overall hexane-free protein market.
With a 62% share, the powder sector had the largest market share globally in 2022.
In 2022, the energy & sports nutrition sector held a 52.5% market share based on end use.
The hexane-free protein market in North America is expected to grow significantly in value during the forecast period, according to FMI.
By 2023, the Unites States will control 83.3% of the global market.

“The desire for natural, environmentally friendly solvents is being fueled by worries about the negative effects of petroleum-based solvents utilized on food items for oil extraction, like hexane. The market’s demand for organic and clean protein is aiding the market growth. ” remarks an FMI analyst.

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Competitive Landscape

Companies are focusing on emerging nations to build a solid consumer base for their business.

To increase their product portfolio, well-known firms are putting more of an emphasis on new product development.

Prominent players in the hexane-free protein market are:

Axiom Foods, Inc.
Nutiva, Inc.
Ingredion, Inc.
Cargill, Inc.
ABF Ingredients
Austrade, Inc.
Merit Functional Foods
New Protein Global Inc.
Milk Specialties Global
Now Health Group, Inc.
Healthy Hey LLP
Form Ltd.
Boomers Protein
Devansoy, Inc.
Naked Nutrition

Some key developments of the leading companies in this market are:

With the BioPur™ method, New Protein Global provides a variety of functional protein products with distinct qualities including gelling, low/high viscosity, emulsification, solubility, and others. When compared to competing technologies, they have the highest PDI (Protein Dispersibility Index) and the cleanest soy components available on the market. Better dissolve rates are produced by these desired features, which also protect the protein’s original functional capabilities.
Axiom Foods Inc., a significant producer of hexane-free protein, provides its clients with high-value services in addition to hexane-free protein sales. The company’s unique and innovative goods benefit its customers. The completed products are of the finest caliber and boast organic and hexane-free claims.

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Key Segments Profiled In The Global Hexane-free Protein Market

By Product Type:

Isolate
Concentrate
Flour

By Form:

Powder
Syrup

By End Use:

Beverages
- Dairy-based Beverages
- Functional Beverages
- Others
Cosmetics & Personal Care
Breakfast Cereal & Cereal Bars
Energy & Sports Nutrition
Bakery Products
Dairy Products
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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Vegan Fast Food Market Booming at 4.5% CAGR Health & Environment Drive Demand Invest Now | FMI Study

The global vegan fast food market is valued at an expected US$ 18829.5 million in 2023 and US$ 27980.2 million by 2033. The global vegan fast It is anticipated that as more people become aware of the advantages of eating a plant-based diet, the food sector will grow. The maltreatment of animals in the food chain and people’s rising knowledge of animal welfare issues are two more factors that have fueled the market’s growth and led many consumers to switch from eating animal-based fast food to plant-based options.

With the US, UK, Germany, and Japan becoming as significant manufacturers, the market for vegan fast food is expected to grow at a stable 4.5% CAGR.

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Due to changes in lifestyle and increased awareness of health and human well-being, there is a rising global market for vegan fast food. Food that is vegetarian is growing in popularity as people’s attitudes towards the environment and other people shift.

A primary driver of the vegan fast-food industry’s growth is the rise in the number of students residing in shared homes or rented rooms. Furthermore, as consumer awareness grows, companies are focusing on providing distinctive, cutting-edge vegan fast food options to attract customers. Some fast-food restaurants, like Burger King, are attracting customers by providing plant-based fast food. These reasons are expected to drive growth in the global vegan fast-food business.

Certain constraints and limitations are expected to stifle the demand for vegan fast food. Fast food-related obesity is expected to stifle growth during the projection period. Nonetheless, rising demand for vegan fast food due to several health benefits such as aiding in the categorization of plaque and fat in arteries, as well as untapped potential in new markets, provide exciting growth chances.

Key Takeaways

The US is expected to have a share of 30.2% of the vegan fast-food market share.
Rising disposable incomes are likely to support the expansion of the vegan fast-food business in North America over the forecast period.
The China vegan fast-food market is expected to grow at a rate of 3.5% throughout the forecast period.
The increasing penetration of global companies in the region is projected to promote vegan fast food market growth.

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Competitive Landscape

Global players are expected to see an increase in demand for vegan fast food, primarily from the food and beverage industries, in order to improve existing product portfolios and increase the use of vegan ingredients in processed food products and beverages, all with the goal of attracting the vegan population. Companies are attempting to provide personalised flavours in order to meet the diverse needs of food and beverage manufacturers. They are focused on providing vegan fast food that meets the needs of vegan fast-food makers, such as organic and natural food products.

Key Segments

By Product Type:

Dairy Alternatives
Meat Substitutes

By End-User:

Takeout
Dine-in

By Region:

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

Partnerships, and Collaborations

In September of 2020, Planterra Foods and the NFL’s Denver Broncos announced a three-year partnership. Through this partnership, the OZO brand is expected to be recognised as the official plant-based fast food of the Denver Broncos. The company is likely to be able to raise brand recognition and customer interest using this tactic.

Beyond Meat Food Co. Ltd., a 100% owned subsidiary of Beyond Meat, has signed a contract with Jiaxing Economic & Technological Development Zone in September 2020 to design and develop production facilities (China). China is the site of a state-of-the-art plant being constructed to manufacture Beyond Meat-branded vegetarian alternatives.

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Product Launches

In October 2020, the Impossible Burger, Impossible Foods’ signature product, is expected to be introduced to the Canadian vegan fast food market, significantly expanding the company’s presence there. The company’s wares can be purchased in any of the roughly 600 Sobeys family stores, or through the retailer’s grocery delivery service. The company’s retail footprint can then be expanded as a result.

In September 2020, Beyond Meat is anticipated to introduce Beyond Meatballs to supermarkets across the United States. There is a need in the market for convenient and healthy plant-based fast food, and this item is expected to fill that void.

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Developing Economies Fuel Growth in Agricultural Grade Zinc Chemicals Market: Fertilizer Segment Offers Lucrative Opportunities

The global agricultural grade zinc chemicals market is estimated to garner US$ 1.3 Billion while exhibiting a 5.4% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 760.0 Million in 2022.

Growth and expansion of the agricultural industry especially in the developing economies, the development of fertilizers will create lucrative opportunities for growth of the agriculture grade zinc chemicals market. Also, the rising number of research and development by the leading manufacturer and the use of zinc chemicals in agriculture is the primary factor driving the growth of the agricultural grade zinc chemicals market.

The chemical fertilizer segment is likely to offer remunerative opportunities for the global agricultural grade zinc chemicals market. Several emerging economies are making significant developments in their agricultural sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways:

By application, the chemical fertilizer segment is expected to record a 5.4% CAGR by 2032
By type, the zinc sulphate segment to expand at a 5.3% growth rate during the forecast period
The U.S market to garner US$ 462.2 Million and record a 5.2% CAGR from 2022-2032
Market in China to procure US$ 92.9 Million, expanding at a 4.8% growth rate during the assessment period

“Growth and expansion of agricultural industry especially in the developing economies, and development in fertilizers, is expected to fuel the demand of agricultural grade zinc chemicals market over the forecast period,” says an FMI analyst.

Competitive Landscape

Eminent players of the global agricultural grade zinc chemicals market include UPL, Syngenta Crop Protection AG, IFFCO, Yara, and Zochem Inc. among others. Recent developments among players include:

In June 2020 – IFFCO signed MoU with ICAR for collaborative research, testing & extension programs across the country for collaborative research, testing and validation of different products through ICAR institutes and Krishi Vigyan Kendras (KVKs). This will also enable these centers to disseminate technological advancements by imparting training, through awareness programs, campaigns, field trials and demonstrations for the benefit of farmers.
In May 2021 – Yara, a leading crop nutrition solutions provider, announced the commercial launch of Agoro Carbon Alliance, a global business created for farmers to earn additional revenue from positive climate action. By adopting climate-positive practices farmers can produce Farm Carbon Credits or climate-smart certified crops and help to decarbonize food supply chains.

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Future Market Insights, in its new offering, presents an unbiased analysis of the global agricultural grade zinc chemicals market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Zinc Oxide, Zinc sulphate, EDTA chelated zinc, Sulphur Zinc Bentonite, Zinc chloride, Other), by Application(Animal feed, chemical fertilizer, others), and Region (North America, Europe, APAC, Middle East & Africa, and Latin America)

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Cultivating Growth: Global Bioenzyme Fertilizer Market Set to Reach US$ 1500 million by 2033

The global bioenzyme fertilizer market size is forecast to expand from US$ 645 million in 2023 to US$ 1500 million by 2033. Over the next ten years (2023 to 2033), global sales of bioenzyme fertilizers are projected to rise at 8.9% CAGR.

The rising adoption of sustainable agricultural practices along with burgeoning demand for organic food products is providing impetus for market expansion.

Bioenzyme fertilizers can improve nutrient availability and soil health, leading to increased crop productivity and reduced reliance on chemical fertilizers. This transformation promotes sustainable agricultural practices and reduces environmental impacts.

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The market for bioenzyme fertilizers is expected to witness healthy growth due to increasing awareness about sustainable agricultural practices and the need for environmentally friendly fertilizers.

Bioenzyme fertilizers are derived from natural sources and are becoming suitable alternatives to chemical fertilizers. They are gaining wider popularity among farmers globally due to their various attractive benefits.

Growing demand for organic and sustainably produced food is another factor expected to create significant opportunities for bioenzyme fertilizer manufacturers.

Another key factor that is expected to positively impact bioenzyme fertilizer sales is the rising concerns regarding food insecurity triggered by the reduction in arable land and population explosion.

According to the Food and Agriculture Organization (FAO) of the United Nations, severe food insecurity rose to 11.7% in 2021. This in turn is prompting farmers globally to use innovative agricultural products, technologies, and biofertilizers to enhance their crop production.

Key Takeaways:

Global bioenzyme fertilizer sales are expected to soar at 8.9% CAGR during the projection period.
By product type, the multi-enzyme segment is forecast to thrive at 8.6% CAGR from 2023 to 2033.
Based on end-user, crop producers segment is poised to exhibit a CAGR of 7.4% through 2033.
The United States bioenzyme fertilizer market is predicted to reach US$ 360 million by 2033.
The United Kingdom market is anticipated to cross US$ 100 million market by 2033.
Bioenzyme fertilizer demand in China will rise at around 8.5% CAGR through 2033.
The bioenzyme fertilizer industry in Japan is forecast to exhibit a CAGR of 7.6% from 2023 to 2033.

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Competitive landscape:

Mycorrhizae, Biozyme Granules Manufacture, Agri Life, Ram Shree Chemicals, Laford Agrotech Limited, Bhuvan Biologicals, Farmer Crop Care Biotech, Sjv Biotech Private Limited, Somnath Crop Care, Shivshakti Minerals, ACROBiosystems, Rapid Agro Enterprise, Bio Gel Organic Fertilizers, Organic Bio Fertilizers, Novazymes, Syngenta, Valagro, Stoller Enterprises, Symborg, and Seipasa are few of the leading bioenzyme fertilizer manufacturers profiled in the report.

The growing interest in bioenzyme fertilizers has also attracted new players to enter the market. These companies bring innovative formulations, technologies, and approaches, aiming to capture market share by offering unique products and differentiation.

There are already well-established companies in the bioenzyme fertilizer market that have a strong presence and a wide range of products. These companies are investing in research and development, building strong distribution networks, and establishing brand recognition.

Ongoing research and development efforts in the field of bioenzyme fertilizers contribute to competition. Companies are investing in developing new enzyme formulations, improving delivery systems, and enhancing product effectiveness to gain a competitive edge.

The competition may vary across regions due to differences in market maturity, agricultural practices, and regulatory frameworks. Certain regions may have a more developed bioenzyme fertilizer market with several local players, while others may have limited competition.

Companies in the bioenzyme fertilizer industry also form strategic partnerships and collaborations with research institutes, agricultural organizations, and other stakeholders. These alliances help in leveraging expertise, expanding market reach, and accelerating product development.

Price competitiveness is a factor in the market, but it is often balanced with the value proposition of bioenzyme fertilizers, including their efficacy, environmental benefits, and overall impact on crop yield and quality.

Recent Developments:

In 2023, to boost wheat yields with reduced fertilizer, a new biostimulant was introduced by Syngenta Crop Protection.

More Valuable Insights Available:

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

The study incorporates compelling insights on the bioenzyme fertilizer market based on product type (protease-based, amylase-based, cellulase-based, phosphatase-based, chitinase-based, laccase-based, and multi-enzyme), form (liquid concentrates, powder, granules, and pellets), and end-user (crop producers, gardening & landscaping, nurseries, and DIY) across various regions.

We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

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Key Segments Profiled:

By Product Type:

Protease-based
Amylase-based
Cellulase-based
Phosphatase-based
Chitinase-based
Laccase-based
Multi-enzyme

By Form:

Liquid Concentrates
Powder
Granules
Pellets

By End Use:

Crop Producers
Gardening & Landscaping
Nurseries
DIY

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Kosher Food Market Booming at 6.3% CAGR Rising Demand from Diverse Consumers Invest Now

The kosher foods market is expected to grow at a 6.3% CAGR to reach $78.55 billion by 2033. Increased demand from non-The increasing Food manufacturers are adding kosher components to their goods in response to Jewish consumers’ demand for lactose-free and specialty diet options.

The kosher food market is expected to grow from an estimated US$ 42.64 billion in 2023 to US$ 78.55 billion by 2033. Sales of kosher food are expected to increase at a notable compound annual growth rate (CAGR) of 6.3% throughout the forecast period.

The rising incidence of lactose intolerance in the general population is one of the main factors driving the market’s expansion. For individuals who are intolerant to dairy, gluten, or other ingredients, a kosher diet may be quite advantageous.

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The growing demand for kosher food goods from non-Jewish consumers is the main reason for the sector’s expansion. A growing number of food producers are using kosher ingredients in their baked goods, confections, and savoury snacks.

To give their clientele a special and genuine experience, quick service restaurants (QSRs), motels, and cafes are also experimenting with premium kosher-certified products.

The market is expected to develop as a result of a number of other reasons, such as increasing health consciousness among the general population and rising demand for vegan food items.

Key Takeaways from the Kosher Foods

Asia Pacific will emerge as the most lucrative region and would be contributing a share of USD 7.4Bn by 2027 due to the rising demand for various types of kosher food and food products manufactured in accordance with kashrut legislation.
The pareve market is predominantly driven by concentrations of Jews in particular regions of the world along with growing demand for vegan food. All these factors would lead to a revenue share of USD 35.3Bn by 2033.
The kosher community is growing favorably in Germany, with a growth rate of over 4.0%. Due to the historical presence of the Jewish population and the emerging gastronomic preferences
U.S. kosher food market would generate around USD 9.6 Bn in 2020 due to a rise in per-capita income and the high penetration rate of the internet across the region.
China Witnessed the highest growth rate of 9.7% among all regions due to rising demand for various types of kosher food and food products manufactured in accordance with kashrut legislation.
Online would concurrently experience the fastest CAGR of 6.1% over the course of the predicted period. This is due to a growth in Internet usage around the world.

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Competitive Landscape

The kosher food business is fragmented due to the existence of numerous little players on a global scale. To meet consumer demand, businesses are expanding their product lines and product mix. To entice more customers, Nestle SA has introduced a variety of flavors for its breakfast cereals, including chocolate and honey. For food service operators, Cargill has introduced Diamond Crystal Fine Kosher Salt to enhance the flavor of fried dishes and seasonings. Year after year, elite players have been profitably utilising the popularity of kosher food. They are promoting the significance of religious perspectives on food packaging as a crucial trend. Companies in the food industry who want to keep on top of developments are concentrating on nanotechnology.

For instance, the acquisition of Global Trust Certification Limited, a seafood certification business with its headquarters in Ireland, was announced by NSF Certification Ireland Limited in January 2021, an NSF subsidiary. Global Trust offers certification, auditing, and inspection services to clients all around the world.

Key Segments Covered in the Kosher Foods Industry Report

By Product:

Kosher Pareve
Kosher Meat
Kosher Dairy

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Online Sales
Others

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Frequently Asked Questions

What is the Estimated Kosher Foods Industry Value in 2023?
What is the Growth Outlook of Global Kosher Foods Industry?
What is the Projected Value of Kosher Foods Market by 2033?
Which Region Dominates the Global Kosher Foods Market?

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Anti-Static Fibres Market Poised for Explosive Growth: Safety and Performance Drive Demand

The global anti-static fibres market is expected to augment at a phenomenal growth rate over the forecast period from 2022 to 2032. The growth of the market is attributed to the variety of industrial, chemical, metallurgical, mineral, and agricultural applications where the process and dust tend to build static and there is a potential ignition source.

The chemical and textile industries are considered the largest consumers of anti-static fibers all over the globe. Their dominance is predicted to surge from 2022 to 2032. Other anti-static fiber applications include cleanroom clothing fabrics, protective apparel, and workwear clothing.

The use of anti-static fibers creates a safer and more comfortable working environment than synthetic products, especially in applications where static electricity is a major concern, such as aircraft carpets, buildings with sensitive electronic equipment, fuel transfer facilities, and so on.

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Key Takeaways

The global anti-static fibers market is predicted to augment rapidly. The growth is attributed to the increasing demand from end-user industries such as packaging and clothing. Furthermore, the global anti-static fibers market is expected to more than double in value over the forecast period, with a higher CAGR.
The rising consumption of anti-static fibers from emerging economies such as India and China across the Asia Pacific region is expected to drive market growth, as there is a greater demand for lighter and stronger materials.
The global fabric anti-static electronics gloves market is expanding at a robust pace, resulting in strengthening the market growth. Surging factors such as stringent electrostatic discharge regulations and rapid industrialization in developing countries are one of crucial factors contributing to the market’s growth.
Other vital driving forces include increased demand for anti-static protection in industries such as semiconductor, photovoltaic cell manufacturing, or silicon wafer washing, where workers are at risk of static electricity-related side effects such as shocks, burns, or electrical currents that pass through the body.
Because the oil and gas industry is a major raw material supplier for this market, the availability of substitutes, government regulations, and volatile raw material prices are major restraints for the anti-static fibers market.

Competitive Landscape

The anti-static fibers market is on the rise due to the presence of major market players in the global market. The prominent players in the market are focusing on innovation and new product development, and the opportunities in the antistatic agents market are enormous. The increasing use of anti-static agents by end-user industries will propel the anti-static fiber market forward in the future. Some of the key players in the anti-static fibres market are working on strategies such as mergers and acquisitions, collaborations, and the launch of new products.

Some of the key players in the anti-static fibres market

Noble Biomaterials, Inc.
W. L. Gore & Associates, Inc.
Swicofil
Yantai Tayho Advanced Materials Co Ltd
Akrilic Kimya Sanayii AS
Cytec Industries Inc.
Tianyu Textile

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More Insights into the Anti-Static Fibres Market

The Asia Pacific region is anticipated to dominate the global anti-static fibres market over the valuation period. Asia Pacific region is known as one of the largest markets followed by Latin America and Europe. Because of rising end-user consumption, India and China are major regional markets for anti-static fibers. Furthermore, Japan, the Republic of Korea, and Indonesia are major consumers of anti-static fibers in the Asia Pacific.

South African region is expected to create lucrative opportunities for the global anti-static fibres market over the assessment period. The growth of this region is attributed to the presence of regional players in South Africa, and other global players working on establishing their manufacturing plants and research centers in these developing countries. Due to cheap labor and easy availability of raw materials, such regions are predicted to have a significant contribution to the growth of the anti-static fibres market.

Augmenting growth, particularly in the chemical and textile industries are primary reasons to bolster growth in the market. With increased sales of electronic components and increased demand for specialized packaging film, anti-static fibers have become more important in recent years.

The European region is likely to showcase promising growth factors over the assessment period from 2022 to 2032. Growth in the region is attributed to the stringent regulatory standards for electrostatic discharge, which has led to the use of fabric anti-static gloves in industries such as semiconductors and photoelectricity industries, which are two major end-users of these products.

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