Market Research Blog – Page 3559 – New Product Development

Beyond Earth’s Horizon: Next-Gen Space Technologies to Propel the US$ 5.2 Billion Space Tourism Market by 2034 | FMI

The global space tourism market size reached US$ 747.1 million in 2023. Demand for space tourism recorded a y-o-y growth of 14.0% in 2023. Hence, the market valuation is expected to reach US$ 851.7 million by 2024. Over the forecast period, the global space tourism industry is predicted to exhibit a 19.8% CAGR, reaching US$ 5,191.7 million by 2034.

Several factors are expected to drive the space tourism market growth. These include the increasing inclination of adventure travelers & high net worth income (HNWI) individuals toward spaceflight, the rising affordability of space travel, and technological advancements.

The space tourism market is poised for substantial growth in the coming years, driven by several key factors that are expected to shape the industry landscape. The increasing global popularity of space tourism is anticipated to be a primary catalyst, along with the introduction of next-generation space technologies and rising government initiatives. A recent market analysis reveals promising projections for space tourism companies worldwide.

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Key Factors Driving Growth:

Global Popularity: The growing interest in space tourism globally is a significant driver, with a surge in demand for orbital and suborbital space travel experiences.
Next-Generation Technologies: The introduction of advanced space technologies is expected to enhance the overall space tourism experience, attracting a broader audience.
Government Initiatives: Rising government initiatives and investments in space tourism development are creating lucrative opportunities for companies in the sector.
Lunar Space Tourism: The projected rise in lunar space tourism is anticipated to contribute significantly to the revenues of space tourism companies.

United States Dominates Space Tourism Market:

The United States is poised to lead the global space tourism industry, with an anticipated Compound Annual Growth Rate (CAGR) of 17.3% by 2034. The strong presence of leading space companies such as SpaceX, Virgin Galactic, and Blue Origin, coupled with government support and advanced space technologies, positions the U.S. as a key player in the sector.

Russia’s Robust Technological Base and Government Support:

Russia’s space tourism market is expected to exhibit a robust CAGR of 15.5% during the forecast period. The country’s strong technological base and increasing government support, coupled with a leadership role in space technology, position Russia as a significant contributor to the space tourism industry.

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India Emerges as a Lucrative Market:

India is forecasted to become a highly lucrative market for space tourism companies, with an expected CAGR of 16.2% between 2024 and 2034. Initiatives by space agencies like ISRO and supportive policies, including the comprehensive space policy, contribute to India’s growth in the space tourism sector.

China’s Growing Interest in Space Tourism:

China’s space tourism market is predicted to expand at a healthy CAGR of 14.8%, driven by rising interest, reduced space tour costs, and increased government investments. The China National Space Administration (CNSA) aims to launch space tourism flights as early as 2025.

Suborbital Segment Leads Growth:

The suborbital space tourism segment is expected to witness exceptional growth, with a CAGR of 25.9%. Increasing demand for adventure travel, technological advancements, and the affordability of suborbital flights contribute to the segment’s rapid expansion.

Key Players:

Blue Origin
Virgin Galactic
Space X
Airbus Group SE
Boeing
ZERO-G
Airbus Group SE
Axiom Space
Bigelow Aerospace
Orion Span
Space Adventures
Space Perspective
World View Enterprises
Zero2Infinity
Other Players (As Requested)

Global Space Tourism Market Outlook by Category

By Direct Supplier:

Airlines
Hotel Companies
Train
Tour Operators
Government Bodies

By Indirect Supplier:

OTA (Online Travel Agency)
Traditional Travel Agencies
TMCs (Travel Management Companies)
Corporate Buyers
Aggregators

By Number of Bookings:

By Age:

Under 15
16 to 25
26 to 35
36 to 45
46 to 55
Over 55

By Tourism Type:

Stratospheric
Suborbital
Orbital
Others

By Demographics:

Male
Female
Kid

By Nationality:

Domestic
International

By Booking Channel:

Offline Booking
Online Booking

By Tour Type:

Individual Travel
Professional Groups
Group Travels

By Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Coffee Creamer Market Set for Steady Growth Is Shifting Consumer Preferences Towards Dairy-Free and Plant-Based Options Driving Market Surge

The coffee creamer market is experiencing constant expansion as a result of coffee consumption’s growing appeal on a global scale.Coffee Creamers are available in a wide range of flavours and alternatives, including plant-based, dairy-free, and flavor-infused options, to satisfy a range of consumer preferences. Convenience, personalisation, and the desire for a rich, creamy cup of coffee are the main market drivers. The competitive landscape within the coffee creamer market is constantly influenced by factors such as innovation, product variety, and changing consumer desires.

Coffee creamer sales are expected to rise from an estimated USD 18.1 billion in 2022 to USD 31.2 billion in 2032, with a compound annual growth rate (CAGR) of 5.6%. As opposed to the 4.5% CAGR seen between 2017 and 2021, the coffee creamer market is anticipated to rise at a steady 5.6% CAGR between 2022 and 2032, per Future Market Insights.

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Coffee creamer and coffee whitener are beginning to be used by consumers in place of milk and cream. Over the past few years, there has been a noticeable rise in the proportion of consumers who are lactose intolerant. Because non-dairy coffee creamers don’t contain lactose, the market for them is anticipated to grow shortly.

Coffee creamer comes in a variety of flavours and can be used in both baked products and coffee brewing. It is more affordable and has a longer shelf life. Additionally, customers who are concerned about their health are favouring plant-based products, which is anticipated to help the demand for plant-based coffee creamers grow.

As an alternative to non-dairy creamers manufactured by hydrogenating vegetable oil, plant-based non-dairy creamers are made using plant-based milk, such as soy milk, almond milk, coconut milk, etc.

The high cost of the raw ingredients used in their manufacture makes these plant-based non-dairy creamers more expensive overall, despite the substantial predicted growth rate. Over the course of the forecast period, this is anticipated to have a favourable impact on the market growth for coffee creamers.

Key Takeaways from Market Study

North America is expected to account for the maximum value share of the global market of more than 20% by 2022 end
Rising consumption of coffee in different regions across the globe is predicted to drive the sales of coffee creamer during the assessment period (2022-2032)
By product type, non-dairy creamer is expected to account for the maximum market value share of the global market by 2022 end
In case of form segment, powdered coffee creamers are being preferred over the liquid ones
Indirect sales channel is expected to account for a higher market value share than direct sales channel by 2032 end

“Shifting preference towards dairy-free products and plant-based coffee creamers by health-conscious consumers is predicted to show an impressive rise in the demand for coffee creamer in the coming decade”, says a Future Market Insights analyst.

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Competitive Landscape

Manufacturers are shifting their focus towards developing coffee creamers in order to address the growing consumption of coffee. The market participants are offering varied products with different flavors owing to increasing consumer’s demand for personalized products based on its usage in different locations around the world.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global coffee creamer market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Global Coffee Creamer Market By Category

By Product Type, Global Coffee Creamer Market is segmented as:

Dairy-based Creamer
Non-dairy Creamer

By Nature, Global Coffee Creamer Market is segmented as:

Organic
Conventional

By Form, Global Coffee Creamer Market is segmented as:

Powder Coffee Creamer
Liquid Coffee Creamer

By Application, Global Coffee Creamer Market is segmented as:

Residential
Commercial
- Cafes and Cafeteria
- Hotels and Restaurants
- Others (Offices, etc.)

By Sales Channel, Global Coffee Creamer Market is segmented as:

Direct
Indirect
- Hypermarket/Supermarket
- Modern Grocery Stores
- Specialty Stores
- Convenience Stores
- Online Retail
- Other Channels

By Region, Global Coffee Creamer Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania

To discover opportunities for your business, request a customised report that explores the sales channels and regional trends of the global coffee creamer market :
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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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Canned Sardines Market Is Reaching US$ 14.8 Billion by 2032 Health Benefits Fueling Demand and E-commerce Boosting Growth Prospects

The global Canned Sardines Market is expected to develop at a compound annual growth rate (CAGR) of 7.6% and reach a valuation of around USD 14.8 billion by 2032.

Because they contain high levels of calcium, vitamin B12, omega-3 fatty acids, and other minerals, sardines are one of the healthiest fish options. Consuming omega-3 fatty acids has been demonstrated to lower inflammation, which helps prevent heart disease—one of the biggest causes of death in the US—from occurring.

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In addition to boosting immunity, lowering blood sugar, lowering cholesterol, and lowering the risk of Alzheimer’s disease, sardines also aid to improve brain function.

Because of these benefits, individuals often eat canned sardines because they are a convenient and healthful food option. In the realms of nutrition and health, sardines are increasingly recommended for the prevention and treatment of several illnesses. These increasing health benefits are driving up the market for canned sardines.

As the e-commerce sector grows, producers of canned sardines are focusing on marketing and selling their goods online. It is anticipated that can foods will grow more popular as more people learn about their health benefits.

Additionally, the companies are aiming to produce certified products and make seafood cans recyclable. For businesses, security and transparency are major objectives. In response to the rising demand, businesses are concentrating on providing the highest quality seafood as well as cutting-edge canning technologies that preserve proteins and allow them to be stored for extended periods of time.

Key Takeaways from Market Study

The market is segmented based on product type, wherein, smoked canned sardines is anticipated to account for around 51.5% of the market share over the forecast period.
The North American Canned Sardines Market is expected to witness a lucrative growth rate of 6.1% during the forecast period.

East Asia is inferred to account for 19.8% of the global Canned Sardines Market consumption through 2032.

“Rising demand for seafood with negligible mercury content and high omega-3 and vitamin D is expected to drive the Canned Sardines market.” According to the FMI analyst.

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Competitive Landscape

The demand for canned seafood is being driven by rising concerns about product with both ease of convenience and healthy. Furthermore, as key brands are promoting their brands with sustainable packaging which is environmentally safe and energy-efficient technology, it is likely to have a substantial impact on the market.

Some of the key players operating in the Canned Sardines Market Crown Prine, Santo Amaro, Brunswick, Matiz, MW Polar, Ocean Price, Nuri, Thai, Union Group (TUF), Bumble Bee Food, Natural Sea, Frinsa del Noroeste, Ongreen Thailand Co, Ligo, Wild Planet, Century Pacific Food, Hagoramo and Goody and others

Canned Sardines Market By Category

By Product type, Canned Sardines Market is segmented as:

Smoked
Cooked

By Flavor, Canned Sardines Market is segmented as:

With Olive Oil
With Sunflower Oil
With Tomato Sauce
With Salt and Water (Brine)
With Extra Virgin Oil
Others (Soy Sauce, Vegetable oil, Natural oil)

By Claims, Canned Sardines Market is segmented as:

Organic
Kosher
Non GMO
No Preservatives
Others

By Distribution Channel, Canned Sardines Market is segmented as:

Food Service
- HoReCa
- Quick Service Restaurants (Sandwicheries, fast casual)
- Bakeries & Patisseries
Travel Retail (airplanes, Cruise ships, others)
Retail
- Hypermarket/Supermarket
- Convenience Stores
- Departmental Stores
- Wholesale Stores
- Mass Grocery Retailers
- Independent Retailers
- Specialty Stores
- Online Retailers

By Region, Canned Sardines Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania

To learn more about the trends and opportunities in the canned sardines market in various regions, including food service, retail, and more, request a customised report :
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Explore More Valuable Insights:

Future Market Insights, in its new report, offers an impartial analysis of the global Canned Sardines Market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on the canned sardines market by product type (smoked, cooked), by flavor (with olive oil, with sunflower oil, with tomato sauce, with salt and water (brine), with extra virgin oil, others (soy sauce, vegetable oil, natural oil)), by claims organic, kosher, non gmo, no preservatives and others, by distribution channel food service, travel retail, retail & region across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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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Plus Size Clothing Market Projected to Reach US$ 501.35 Billion by 2033: Embracing Diversity and Driving Fashion Forward

The plus size clothing market is worth US$ 288 billion in 2023 and is expected to cross US$ 501.35 billion by 2033. The sales of plus size clothing are anticipated to expand at a 5.7% CAGR during the projected period. Factors that contribute to the growth and popularity of the plus size clothing industry include body positivity, shifting fashion norms, and more consumer awareness are among the reasons.

The body positivity movement has been a major driver of the demand for plus size clothing. It encourages inclusion and celebrates all body shapes, empowering people to love their bodies and demand attractive clothing alternatives. Fashion norms have moved in favor of openness and diversity. Designers and merchants are responding to the need for fashionable plus size clothing by providing trendy solutions that suit the fashion-forward demands of plus-size people.

Consumer awareness has grown, and plus size people are looking for clothing that shows their particular style while still comfortable. They are more vocal about their requirements, fueling the need for attractive, well-fitting, plus-size clothing. While the plus size clothing industry continues to expand, it is hampered by constraints that limit its growth. These constraints include discrepancies in the size and restricted retail availability.

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Growth Factors of Plus Size Clothing Market:

Increasing Online Retail Presence: The expansion of eCommerce platforms has provided a significant opportunity for the plus size clothing industry to reach a broader audience. Online retailers can offer a wide range of sizes and designs, providing a comfortable and inclusive shopping experience for plus size customers.
Customization and Personalization: Customization and personalization options allow plus size individuals to find clothing that fits their unique body types and personal preferences. This not only increases customer satisfaction but also fosters loyalty among customers who appreciate tailored options.
Inclusionary Fashion Campaigns: Fashion brands that embrace inclusionary practices by featuring diverse body types in their advertising campaigns promote body positivity and cater to a wider range of customers. This inclusive approach resonates with plus size consumers and contributes to the growth of the market.
Environmental and Ethical Practices: The increasing emphasis on sustainability and ethical standards in the fashion industry has led plus size clothing manufacturers to adopt eco-friendly materials, fair labor practices, and sustainable production methods. Meeting the demand for ethical design appeals to environmentally conscious consumers and contributes to the growth of the market.
Fashion-Forward Activewear: The trend of fashion-forward activewear for plus size individuals addresses the demand for inclusive fitness wear that is both stylish and supportive of all body shapes. Designers creating attractive and effective training clothing for women of all sizes contribute to the expansion of the plus size clothing market.

Key Takeaways from the Plus Size Clothing Market:

In 2023, the United States is expected to have a 40% share of the plus-size clothing industry.
In the United Kingdom, the plus size clothing industry is projected to account for around 14% of the market in 2023.
China is a major player in the global plus size clothing industry, accounting for 20% of the market in 2023.
In Japan, the plus size clothing industry is expected to account for 10% of total sales in 2023.
South Korea’s plus size clothing market is expanding steadily, with a 5% market share expected in 2023.
With a CAGR of 4.8% until 2033, the casual wear category topped the plus size clothing market.
The mid-priced plus size clothing sector is expected to dominate the plus size clothing market over the projected period.

Key Players in this Market:

Forever21 Inc.
Mango
H&M Hennes & Mauritz AB
Hanesbrands Inc.
FTF IP Company
Adidas AG.
Asos Plc.
Capri Holdings Limited.
Hennes & Mauritz AB (H&M).
Nike, Inc.
Puma SE
Punto FA
Ralph Lauren Corporation.
Under Armour, Inc.
WHP Global

Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/14752

Key Segmentation:

By Product Type:

Casual Wear
Formal Wear
Sportswear
Others

By Consumer Orientation:

Male
Female

By Size Type:

1 XL
2 XL
3 XL
4 XL
Above 4 XL

By Sales Channel:

Offline Sales Channel
- Modern Trade Channels
- Independent Outlet
- Franchised Outlet
- Specialty Stores
- Other Sales Channel
Online Sales Channel
- Company Owned Websites
- E-Commerce Websites

By Price Range:

Economy
Mid-Range
Premium

By Region:

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

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What does the Competition in the Plus Size Clothing Market Looks like?

The plus size clothing industry is highly competitive, with various players striving to establish their presence and cater to the growing demand for inclusive fashion. The competitive landscape can be divided into several categories:

Established Fashion Brands

Established fashion brands have recognized the potential of the plus size market and expanded their product offerings to include plus size clothing. These brands leverage their reputation, extensive resources, and design expertise to create stylish and trendy options for plus-size individuals. They invest in market research to understand the evolving preferences of their target audience and adapt their designs accordingly.

Dedicated Plus Size Brands

Dedicated plus size brands focus solely on catering to the needs of plus size consumers. These brands understand individuals’ unique challenges in finding fashionable clothing in larger sizes. They specialize in creating well-fitting, comfortable, and stylish garments that reflect the latest fashion trends. By focusing exclusively on the plus size segment, these brands can offer a wide range of options and provide a personalized shopping experience.

Online Retailers

The rise of e-commerce has opened up new opportunities for plus size clothing. Online retailers offer consumers a convenient and inclusive shopping experience, allowing them to explore various styles and sizes from their homes. These retailers often have a vast inventory of plus size clothing, catering to different body types and style preferences. They use data analytics and customer feedback to curate their product offerings and improve the shopping experience.

Boutique and Independent Brands

Boutiques and independent brands are significant in the plus size clothing industry. These brands often have a niche focus, offering their customers unique designs and a personalized touch. They prioritize quality, craftsmanship, and individuality, appealing to consumers who seek something different from mainstream fashion. These brands often foster a strong community connection and engage with their customers through social media platforms and events.

Influencer Brands and Collaborations

Influencers and body-positive advocates have emerged as influential figures in the plus size clothing industry. Many influencers have launched clothing lines or collaborated with established brands to create inclusive collections. These collaborations help promote body positivity, inclusivity, and diversity within the industry. By partnering with influencers, brands can tap into their loyal following and gain exposure to a wider audience.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pneumatic Actuator Market Analysis: Industry Rising to US$ 26.51 billion by 2033

A pneumatic actuator is a device used to convert energy from compressed air into mechanical motion. These actuators are commonly used in various industrial applications to control valves, dampers, and other mechanical components.

The projected trajectory for the global pneumatic actuator market suggests substantial growth, with an anticipated value of US$ 16.64 billion by 2023. Furthermore, from 2023 to 2033, an upward trend characterized by a gradual yet consistent compound annual growth rate (CAGR) of 4.8% is expected to propel the market forward. By 2033, this momentum is forecasted to culminate in a market valuation of US$ 26.51 billion, reflecting the enduring demand and evolving landscape of pneumatic actuation technologies.

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Key points about pneumatic actuators:

Working Principle: Pneumatic actuators operate based on the principle of using compressed air to generate force and movement. When pressurized air is supplied to the actuator, it creates a linear or rotary motion, depending on the design and configuration of the actuator.
Types of Pneumatic Actuators:
- Linear Actuators: These actuators produce linear motion, typically in a straight line, to open or close valves or move other mechanical components.
- Rotary Actuators: Rotary actuators generate rotational motion, allowing for the precise positioning or turning of valves, dampers, or other equipment.
Components:
- Cylinder: The main body of the actuator that contains a piston or other mechanism to convert air pressure into mechanical force.
- Piston: The piston is driven by compressed air and moves within the cylinder to produce motion.
- Valves: Valves control the flow of compressed air into and out of the actuator, enabling precise control of movement.
- End Caps: These caps seal the ends of the cylinder and provide attachment points for mounting the actuator to other equipment.
Advantages:
- Fast Response: Pneumatic actuators offer quick response times, making them suitable for applications requiring rapid movement or response.
- Simple Operation: Pneumatic systems are relatively simple and easy to operate, requiring minimal maintenance and training.
- High Power-to-Weight Ratio: Pneumatic actuators can generate significant force relative to their size and weight, making them suitable for compact or lightweight applications.

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Competitive Landscape

SMC Corporation, ABB Ltd., Elfor Controls Srl, Habonim Industrial Valves & Actuators Ltd., Johnson Controls Inc., Parker Hannifin Corp, Metal Works SPA, IMI Precision- Norgren, Camozzi SPA, Bosch Rexroth AG, Flowserve Corporation, Omal S.P.A, Air Torque S.P.A, Emerson Electric Co. Ltd., Actreg S.A., Bray International Inc., Enoglass Bonomi S.P.A., Metalurgica Varb, Festo AG & Co. KG, Rotark Plc are some of the key companies profiled in the full version of the report.

The global pneumatic actuators market is highly competitive and thriving on the revenues of the leading players. In order to capitalize on the new opportunities, key pneumatic actuator market players are launching quality products more frequently.

Market by Category

By Product Type:

Rack and Pinion Pneumatic Actuator
Scotch Yoke Pneumatic Actuator

By Capacity:

Light Duty Pneumatic Actuator
Heavy Duty Pneumatic Actuator

By Operation:

Double Acting Type Pneumatic Actuator
Spring Return Type Pneumatic Actuator

By Application:

Industrial Automation
Transportation
Mining
Offshore

By Region:

North America
Latin America
Europe
East Asia
South Asia and 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.

Contact Us:

Nandini Singh Sawlani

Organic Seed Market Set for Exponential Growth Investor Appeal in Strengthening Farmer-Customer Bonds and Expanding Markets

sales for organic seed are projected to reach $10.8 billion by 2032, growing at an annual rate of 8.7%, mostly as a result of stronger farmer-customer ties encouraged by CSA programmed and expanding markets.

As per the latest FMI report, it is anticipated that the sales of organic seed will exceed USD 10.8 billion in 2032, with a compound annual growth rate (CAGR) of approximately 8.7% until the end of 2032.

As farmers’ markets and CSA (Community Supported Agriculture) programmes spread over the globe to fortify ties between food producers and customers, there is an increasing need for organic seeds.

The National Farmers’ Market Directory’s user interface was modified by the USDA in 2013 to promote its use and the development of real-time data-driven mobile applications and other products. Users can utilise a market’s zip code to search for further information about it, including its address, phone number, products sold, and available goods.

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More than 4,000 farmers’ markets have been approved to take SNAP (Supplemental Nutrition Assistance Program) vouchers, increasing access to fresh produce and nutritious meals, in turn, shooting up the sales of organic seed.

Organic seed market growth could also be aided by favorable government actions to boost organic farming. In India, for example, government programs such as the National Food Security Mission, Paramparagat Krishi Vikas Yojana, and National Food Security Mission are expected to enhance organic production. This presents the market with a significant growth opportunity.

Key Takeaways from the Organic Seed Market Study:

The organic seed market in North America is expected to grow at a rate of approximately 7.1% between 2022 and 2032, owing to a substantial shift in consumers’ attitudes toward healthy lifestyles and eating habits, which has increased demand for organic food and beverages.
Derogations for the use of untreated non-organic seed will be phased out by 2036, according to the new European Organic Regulation 2018/848, therefore, promoting the organic seed market in the region.
In just the previous five years, public and private funding in organic plant breeding and other organic seed research have increased by USD 22 Mn.
In 2020, the organic seed market in the oil seed segment will be worth more than USD 0.8 Bn. Oil seed is used to extract edible oil for human consumption as well as oil for pharmacological and cosmetic uses.
Due to the rising consumption of organic wheat to generate a wide range of organic certified products such as flour, pasta, noodles, macaroni, and spaghetti, the wheat crop seeds industry is expected to reach USD 0.3 Bn by 2027.

“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.” said a lead analyst at FMI.

Who is winning?

Key players operating in the global organic seed market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering organic seed are Seed Saver Exchange, Johnny’s Selected Seeds, Baker Creek Heirloom, Rijk Zwaan, Southern Exposure Seed Exchange, High Mowing Organic Seeds, Seed Savers Exchange, De Bolster Territorial Seeds Company, Navdanya, and others.

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Organic Seed Market by Category

By Product Type:

Vegetable Seeds
- Gourd & Root Vegetable Seeds
- Leafy & Cruciferous Vegetable seeds
Fruits & Nuts Seeds
Oil Seeds
- Sunflower Seeds
- Soybean Seeds
- Other
Other Vegetation Seeds

By Farm Type:

Outdoor
- Gardens
- Nurseries
- Field
Indoor
- Greenhouse
- Hydroponics
- Vertical Farming

By Distribution Channel:

Retailers
Wholesaler
Cooperatives
Online Channels

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Frequently Asked Questions

How big is the Organic Seed Market?
What is the North America Organic Seed Market Outlook?
At What Rate will Organic Seed Demand Grow in the Asia Pacific?
What Are the Key Trends Shaping the Organic Seed Market?

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Soy Protein Concentrate Market Surges with a 9.2% Cxpected to Reach $4.5 Billion by 2032: Attractive Investment Opportunities in Animal Feed and Aquaculture

soy protein concentrate market are expected to develop quickly, with a strong 9.2% annual growth rate predicted to reach $4.5 billion by 2032. Because of its high protein content and necessary amino acids—which make up over two thirds of the world’s protein concentrates—soy is the preferred ingredient in animal feed.

The soy protein concentrate market is anticipated to grow rapidly, with sales predicted to reach US$ 4.5 billion by 2032 at a robust compound annual growth rate of around 9.2%. Soy protein concentrate has gained popularity as a supplement to cattle and poultry diets globally due to its high concentration of critical amino acids and consistent protein content. Over two thirds of the protein concentrates used in animal feeds come from soy sources worldwide.

A recent estimate by FMI projects that the soy protein concentrate industry will reach US$ 4.5 billion in sales in 2032 and expand rapidly, with a compound annual growth rate (CAGR) of about 9.2% by the end of that year.

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The development of soy protein concentrate has led to an increase in the use of soybeans in the diets of cattle and poultry worldwide. It has been demonstrated to be especially important in animal nutrition since it is a reliable source of protein and contains a high concentration of necessary amino acids. Worldwide, soy accounts for more than two thirds of the protein concentrates used in animal feeds.

Key Takeaways from the Soy Protein Concentrate Market Study:

Between 2022 and 2032, the North American soy protein concentrate business is expected to grow at a rate of more than 7.8%, owing to increased demand for healthier baked items.
Asia-Pacific will remain the largest soy protein concentrate market, with sales expected to reach USD 1.8 Bn by the end of 2032.
By the end of 2032, sales of soy protein concentrate for animal feed are expected to account for more than two-fifths of the soy protein concentrate market.
The liquid soy protein concentrate segment is predicted to grow at a quicker rate than the dry soy protein concentrate segment through 2032, despite the fact that the former will continue to be more profitable.
Due to the growing use of soy protein concentrate in the food and beverage industry, the emulsification segment is likely to dominate the European market. The high emulsification qualities also contribute to the dominance.

The nutritional makeup of the goods produced by the two processes varies just a little. SPC is more nutrient-dense than soybean meal and contains 3% fewer oligosaccharides and antigenic components.

SPC is a more inexpensive alternative to premium animal proteins found in the diets of calves, piglets, and dogs, such as fishmeal or skim milk powder. On a protein basis, SPC has the potential to replace up to 50% of fishmeal in salmonid diets in aquaculture.

It is becoming evident that soy protein concentrate must be utilised in place of fishmeal and other animal wastes in the rapidly growing aquaculture sector.

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There are three main causes for this: I limited fishmeal production along with an increase in global aquaculture production; (ii) consumer worries about food safety due to dioxin contamination; and (iii) ethical objections to the use of edible protein in animal diets due to population growth worldwide. Consequently, it is expanding the market for soy protein concentrate.

Who is winning?

Key players operating in the global soy protein concentrate market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering soy protein concentrate are:

DuPont, Cargill
ADM
The Vincent Corporation
Crown Soya
Wilmar International Ltd
Nordic Soya Oy
Incorporated
Shandong Yuxin Biotechnology Co.
Batory Foods

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Get Valuable Insights into Soy Protein Concentrate Market

FMI, in its new offering, provides an unbiased analysis of soy protein concentrate presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for soy protein concentrate based on form (dry and liquid), by application (food products, beverages, dietary supplements, nutraceuticals, animal feed, cosmetics and personal care, pharmaceuticals, and others), function (emulsification, solubility, water binding, foaming, thickening agent, and others) across five major regions.

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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BRICS Tourism Market Hits US$ 688.3 Billion, Predicts Strong 4% CAGR Through 2032 | FMI

The BRICS tourism market is poised to reach a valuation of US$ 465 Billion in 2022. Sales are projected to increase at a 4.0% CAGR, with the market size reaching US$ 688.31 Billion by 2032.

Shri G Kishan Reddy emphasized that ecotourism, cultural tourism, nature and wildlife tourism specific locations may be utilized to improve visitor influx after the BRICS alliance for Green Tourism was adopted. The Sustainable Development Goals and sustainability will form the cornerstone of the new tourism strategy. In accordance with this strategy, measures will be implemented to promote renewable energy, product development, information sharing, and policy reform.

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Each of the BRICS countries has been recognized for their ability to grow the tourist sector, and experts in the field believe that the strategic alliance may one day account for the majority of the world’s tourism. In addition, the infrastructure and inbound tourist capabilities of China have been recognized. Brazil’s rich biodiversity significantly enhances its appeal as a travel destination. Russia and India are known for their strengths in cultural and heritage tourism, whereas South Africa is known for its beautiful terrain.

Key Takeaways from the Film Tourism Market Study:

Ratio of BRICS Tourism in global tourism market is 0.07%
The Covid-19 pandemic had a 0.9% impact on the value of the BRICS tourism Market.
Brazil, Russia, India, China and South Africa comes in BRICS Tourism Market
Cultural & Heritage Tourism, Medical Tourism, Eco/Sustainable Tourism, Sports Tourism, Wellness Tourism are the most popular Tourism types in the Brics tourism market.
Online booking channels lead the charts in Brics tourism market booking channel segmentation.

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Who is winning?

The top businesses are able to maintain their competitive advantage in the industry by offering all-inclusive packages and saving travellers the effort of browsing multiple channels for their trips. With the largest range of vacation packages, flights, hotels, vacation rentals, rental cars, cruises, activities, and attraction locations, it enables travellers to effortlessly plan and book their whole trip. Government investments and initiatives have helped enterprises improve their service offerings while also igniting the market.

The key players in the Brics tourism market

Thomas Cook
Cox and Kings
SOTC
Kesari Tours
Expedia
Signature Tours
Natripp

Global BRICS Tourism Market by Category

By Activity Type, the Global BRICS Tourism Market is segmented as:

Cultural & Heritage Tourism
Medical Tourism
Eco/Sustainable Tourism
Sports Tourism
Wellness Tourism & Others

By Booking Channel Global BRICS Tourism Market is segmented as:

(OTA) Online Travel Agents
Traditional Agents
Direct Booking

By Tourism Type, BRICS Tourism Market is segmented as:

Domestic
International

By Tour Type, Global BRICS Tourism Market is segmented as:

Independent Traveler
Tour Groups
Package Traveler

By Consumer Orientation, Global BRICS Tourism Market is segmented as:

Men
Women

By Age Group, Global BRICS Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46- 55 Years
66-75 Years

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Nandini Singh Sawlani

Exploring the Influence of Boutique Hotels Market: Anticipated US$ 115.80 Billion Impact on Travel Landscape by 2032 in the USA | FMI

The boutique hotel marke t is estimated at US$ 93.37 Billion in 2022 and is projected to reach US$ 115.80 Billion by 2032, at a CAGR of 6.7 % from 2022 to 2032.

The tourism industry is seen favorably by the federal government and local government, and Boutique, small, and medium-sized hotels can benefit from this programs by launching financing projects, advertising campaigns, and training programs. The travel and leisure sector supports the construction of hotels. It promotes social development and job creation within the region. It keeps millions of jobs in the hotel industry alive.

In order to raise awareness and boost ticket sales, the hotel industry is adopting cutting-edge social media marketing techniques, including Facebook. More customers are using booking applications due of their usability and convenience.

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Key Takeaways:

The North America and Asia Pacific regions hold a market share of ~28% and ~25% respectively.
The Covid-19 pandemic had a 45% impact on the value of the Boutique Hotel tourism.
Online booking channels lead the charts in Boutique Hotels tourism market booking channel segmentation.
Miami, Los Angeles, London, New York City, the USA, and UK are some of the most popular destinations for Boutique Hotel tourism
Promoting domestic tourism and supporting safe returns of international tourism.

Who is winning?

To raise their market share, take advantage of market prospects, and boost market profitability, the companies in the Boutique Hotel business have employed a variety of developmental tactics. The top businesses are able to maintain their competitive advantage in the industry by offering all-inclusive packages and saving travellers the effort of browsing multiple channels for their trips.

Leading players operating in the Boutique Hotel industry

Nine Hours,
Container Hotels,
Tubohotel
The Pod Hotel,
Rolling Huts Boutique Hotels,
Koyasan Guest House,
Yotel Hotels

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The Boutique Hotel Market by Category

By Hotel Type:

Business Hotels
Suite Hotels
Airport Hotels
Resorts Hotels, and others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Micro Irrigation Systems Market Analysis by Trends, Revenues, Growth, Future Scope and more

Micro-irrigation systems are advanced irrigation techniques designed to deliver water directly to the root zone of plants in a controlled and efficient manner. These systems are highly effective in conserving water, minimizing soil erosion, and optimizing the use of fertilizers.

The Micro Irrigation Systems Market is poised for rapid expansion, projected to achieve a remarkable compound annual growth rate (CAGR) exceeding 9.5% by 2033. This growth trajectory is predominantly fueled by the escalating need for food production, particularly in burgeoning economies across Asia and Latin America, stimulating the adoption of sophisticated irrigation solutions.

Furthermore, the escalating emphasis on water conservation, particularly in arid regions, is anticipated to foster a favorable landscape for industry advancement. The imperative to maximize water efficiency in agricultural practices is driving the uptake of innovative micro-irrigation technologies, propelling the industry toward sustained growth and development.

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Growth Factors

The imperative to increase agricultural production by approximately 70% by 2050, as projected by the United Nations, underscores the urgency to address global food security challenges. However, this task is compounded by dwindling freshwater resources, posing a significant obstacle to sustainable agriculture. In this context, drip irrigation systems emerge as a pivotal solution, offering unparalleled precision in water management for agricultural endeavors.

Moreover, the integration of water flow meters into micro-irrigation systems holds immense promise, offering a means to curtail expenses by mitigating the risks associated with overwatering. As the scarcity of water resources persists, the importance of accurate data regarding irrigation water usage cannot be overstated, accentuating the role of innovations such as soil sensors to provide real-time insights into soil moisture levels and irrigation requirements.

The advent of cutting-edge software solutions further augments the efficacy of micro-irrigation practices, facilitating the analysis of extensive datasets. These software products empower farmers with invaluable information, encompassing localized weather forecasts and equipment diagnostics. Armed with such insights, farmers can optimize agricultural productivity while minimizing water wastage, thereby advancing the cause of sustainable agriculture in an era of resource scarcity.

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Key Players in the Market

Netafim Ltd.
Jain Irrigation Systems Ltd.
The Toro Company
Rain Bird Corporation
Hunter Industries
Valmont Industries
Rivulis Irrigation Ltd.
Lindsay Corporation
Reinke Manufacturing Company Inc.
EPC Industries Ltd.
T-L Irrigation
Elgo irrigation
Sistema Azud SA
Nelson Irrigation Corporation
Chinadrip Irrigation Equipment Co. Ltd.
Kisan Irrigation Ltd.
Finolex Plasson Industries Pvt. Ltd.
Ripple Aquaplast
Irritrol
Eurodrip SA. (indicative list)

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Market Segmentation

By System Type:

Drip Irrigation
Micro/Mini Sprinkler Irrigation
Conventional Sprinkler Irrigation
Traditional Sprinklers
Central Pivot Sprinklers
Lateral Move Sprinklers

By End Use:

Small Farmers
Large Private & Corporate Farms
Government Facilities
Other Small-Scale Operations

By Region:

North America
Latin America
Western Europe
Eastern Europe
Japan
Asia Pacific Excluding Japan
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.

Contact Us:

Nandini Singh Sawlani