Market Research Blog – Page 3615 – New Product Development

Global Amines Market Set to Skyrocket with a Projected CAGR of 7.5% by 2033, Fueled by Surging Demand for Surfactants and Heightened Food Safety Awareness

By 2033, the amines market is projected to generate US$ 65.8 billion. The global amines market, valued at US$ 31.9 Billion in 2023, is expected to rise at a CAGR of 7.5% between 2023 and 2033.

Technical advancements in amine manufacturing have boosted its use in commercial and consumer applications, which is a major market driver. The use of amines in new industrial applications, such as water treatment, is anticipated to spread to other industrial sectors.

The chemical has many uses now as a result of ongoing research and development, which is another driver boosting the market. The market has excellent prospects for expansion as a result of the rising usage of new applications.

Stumbling Blocks of the Market

However, the use of amines causes human health issues such as skin diseases, which is a market limitation. One of the main uses of the market is the use of amines in personal care products, which is restricted by strict regulatory laws. The market for amines is predicted to be restrained by the increased use of bio-based chemicals and products in agriculture.

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Pharmaceutical Industry Luring Market Opportunities

The pharmaceutical industry’s growing need for amines to manufacture painkillers is predicted to present the amines market with tremendous growth potential. Growing numbers of elderly people and the prevalence of numerous chronic diseases are driving a growing demand for healthcare services. As a result, the market for amines is expanding due to the expansion of the pharmaceutical industry.

It is anticipated that the growing personal care market, where amines are used to make cosmetics, toiletries, skincare, hair care, and fragrances, will present profitable business opportunities. The purchasing power of consumers for personal care and hygiene products is rising as a result of lifestyle changes.

Regional Outlook

The region that produces the most amines and consumes the most is Europe. Europe currently has the biggest market share as a result. However, the Asia-Pacific region is anticipated to have the highest development potential for the market due to the rising demand and significant investments made there by industry players.

Key Takeaways

Aromatic amines in the product type segment of the amines market are to grow at a CAGR of 7.8% during the forecast period.
MDI segment of the amines market in the end-use segment to expand at a CAGR of 7.4% from 2033 to 2033.
S. market for amines to grow at a CAGR of 7.6% and reach US$ 13.9 Billion by 2033.
K. amines market to expand at a CAGR of 5.5% and achieve US$ 1.4 Billion by 2033.
The Chinese market for amines may advance at a CAGR of 9.3% and reach US$ 23.9 Billion by 2033
By 2033, the Japan amines market might thrive at a CAGR of 7.1% and hit US$ 2.5 Billion.
The South Korean market for amines may advance at a CAGR of 6.4% and attain US$ 3.0 Billion by 2033.

Competitive Landscape

The main tactics used by market participants to expand their market share by pooling resources and expertise are partnerships and collaborations.

Some of the leading companies operating in the market are:

BASF SE
Evonik Industries AG
Lonza
Akzo Nobel N.V
Arkema Group
Celanese Corporation
Clariant
Daicel Corporation
Dow Chemical Company
Huntsman International LLC
Eastman Chemical Company
INEOS
LyondellBasell Industries N.V.
Mitsubishi Gas Chemical Company Inc.
SABIC
Solvay
Tosoh Corporation
Indo Amines Limited
Balaji Amines
Amines & Plasticizers Limited
Alkyl Amines Chemicals Limited
RCF Limited

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Recent Development

Expansion

A new specialty amines plant will be launched by BASF at its location in Nanjing Chemical Industry Park in China, the company stated in September 2017. The new multi-product facility has an annual production capacity of 21,000 metric tonnes.
At the BASF Verbund plant in Ludwigshafen, BASF stated in April 2019 that it would boost the production capacity of alkyl ethanolamines (AEOA) by 20%.

Launch

A new specialty amines plant will be launched by BASF at its location in Nanjing Chemical Industry Park in China, the company stated in September 2017. The new multi-product facility has an annual production capacity of 21,000 metric tonnes.
At the BASF Verbund plant in Ludwigshafen, BASF stated in April 2019 that it would boost the production capacity of alkyl ethanolamines (AEOA) by 20%.

Key Segments

Product Type:

Aromatic Amines
Fatty Amines
Specialty Amines
Aliphatic Amines
Amine Derivatives
QAC

End Use:

MDI
Pharmaceuticals
Agrochemicals
Paints, Coatings, Dyes & Inks
Plastic, Polymer & Rubber
Water Treatment
Cosmetics & Personal care Industrial & Home care
Others

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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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Global Firearm Lubricants Market Projected to Surge Past US$ 401.3 Million Milestone by 2033, Fueled by Rising Demand for Low-VOC Solutions

The global firearm lubricants market is anticipated to reach US$ 302.2 million in 2022. Increased demand for weapon lubricants is predicted to result from the growing need for lubricants for firearms with low volatile organic compounds (VOCs). With a CAGR of 2.6% from 2023 to 2033, it is anticipated to have produced US$ 401.3 million by 2033.

Firearm lubricants are primarily used with small arms, such as assault rifles, pistols, and machine guns. Guns can only function properly with the help of Firearm Lubricants, which prevent wear, overheating, and malfunction. Gun lubricants could be used in heavy artillery and other big weapons with additional product research and development. They may accommodate the greatest potential in the intended application in the worldwide market for firearm lubricants if a wide variety of applications are found through careful analysis.

The introduction of novel firearm lubricants having advanced features, such as bio-lubricants, would increase the market’s competitive advantages over the competitors from 2023 to 2033. The market for firearm lubricants will continue to rise due to the growing demand for firearm lubricants that contain minimal volatile organic compounds (VOCs).

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Key Takeaways:

Sales of firearm lubricants increased at a CAGR of 1.82% between 2018 and 2022.
With a projected 54% revenue share in 2022, the bio-based sector will undoubtedly dominate the type segment for firearm lubricants.
During the projection period, oils will rule the market for firearm lubricants and are expected to reach a market share of 26% in 2023.
With a nearly 45% market share in 2022, the United States is expected to continue to be one of the most lucrative and lucrative markets over the projected period.
A significant portion of the South Asia & Pacific firearm lubricants market, at 32% in 2022, is in India.

“The military & defense sector’s rising demand is anticipated to have a significant positive impact on the global market for firearm lubricants. Manufacturers in the market for firearm lubricants are concentrating on taking advantage of openings in Asia,” – remarks an analyst at FMI.

Competitive Landscape:

The market for gun lubricants is moderately competitive. Some of the industry players are concentrating on selling weapon lubricants to individual gun owners online. Prominent players in the firearm lubricants market are:

Lucas Oil Products Inc.
ITW-ROCOL
L&R Ultrasonics
Amsoil Inc.
MPT Industries
G96 Products Inc.
Radco Industries, Inc.
Pacific Specialty Oils
Ballistol
Renewable Lubricants Inc.
Militec Inc.
Pro-Shot Products Inc.
Liberty Gun Lubricants
Clenzoil
Taurus Petroleums Private Limited

Some key developments:

Hydraulic oil, turbine oil, gear oil, stationary engine oil, coolant, compressor oil, grease, and flushing and cleaning chemicals are all part of the AMSOIL Industrial product line. Heat-transfer fluid, process fluid, cutting and grinding fluid, and other specialty fluids are added to that list.
The biodegradable Bio-E.P. Gear Oils are offered by Renewable Lubricants, a business that specializes in oil and lubricants for construction-related vehicles and machinery. These oils are intended to lubricate spur, bevel, helical, and worm gears that experience severe loading or shock loads in heavy-duty uses. The performance criteria of U.S. Steel 224, DIN 51517 Part 3, David Brown DB S1.53.101, ISO 12925-1 CKD, and Cincinnati Machine are met or exceeded by these ecologically friendly formulas.

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More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global firearm lubricants market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the firearm lubricants market, the market is segmented on the basis of firearm lubricants by type (mineral oil lubricants, synthetic lubricants, bio-based lubricants), by form (liquid, grease, dry), by application (barrel lubricants, bolt and slide lubricants, trigger and action lubricants, rust inhibitors), by end-use (military and law enforcement, sporting and hunting, civilian and self-defense, competition shooting) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Profiled:

By Type:

Mineral Oil Lubricants
Synthetic Lubricants
Bio-Based Lubricants

By Form:

Liquid
Grease
Dry

By Application:

Barrel Lubricants
Bolt and Slide Lubricants
Trigger and Action Lubricants
Rust Inhibitors

By End-Use:

Military and Law Enforcement
Sporting and Hunting
Civilian and Self-Defense
Competition Shooting

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Licorice Candy Market Expected to Reach US$ 403.4 Million by 2032, Reflecting Growing Consumer Demand for Unique and Flavorful Confectionery Options

The global licorice candy market is estimated to reach a market worth of US$ 278.5 million by 2023, with a 5.2% CAGR by 2033. By 2033, the global market for licorice candy is expected to be worth US$ 403.4 million.

Licorice has long been a favourite among sweets connoisseurs of all ages. Its distinct and addictive flavour is a combination of sweet and salty with a dash of anise flavour. But where did the licorice candy craze begin?

Customer demand for licorice-flavored confectionery items is driving the growth of the Licorice Candy Market. Many people like licorice candy because of its distinct flavour and nostalgic appeal. Product developments, such as the introduction of new flavours and varieties, are also propelling market expansion and broadening customer appeal.

One possible explanation is that it is one of the market’s oldest candies. For ages, people in Europe and Asia have ingested licorice. Licorice root is a natural detoxifier that can also help with digestive problems.

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Another factor may be its versatility. Licorice can be flavored in many different ways, from sweet to savory, which means there is something for everyone. And finally, it has a long shelf life, making it ideal for stocking up on during times of scarcity.

To attract their younger clients, manufacturers are using premium offerings. Corporations experiment with ingredients, but they also place a lot of focus on packaging in an effort to position their goods as opulent.

Key Takeaways from Market Study

Future Market Insights (FMI) projects the global licorice candies market to surpass US$ 439 million by 2032.
The licorice candy market is having a value of US$ 232 million in 2022.
While traditional licorice lovers are likely to exhibit demand for red and black varieties, newer users desire innovations in flavors, size, and texture
Clean label licorice candies are likely to sweep the market. Citing this, FMI projects the licorice candy market to rise at 5.7% CAGR between 2020 and 2030.
Better acceptance to holistic benefits of licorice candies from the medical community and its prescription will give considerable impetus
FMI expects entry of established and large F&B companies in the market over the span for the next three years.

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Competitive Landscape

Some of the most popular licorice brands include Twizzlers, Red Vines, and Black licorice jelly beans from Jelly Belly. These brands offer a variety of flavors and textures, allowing consumers to find the perfect one for their taste buds. In addition to classic black licorice, some variations include cherry, grape, and blueberry flavors. Licorice candy is becoming more popular as a standalone snack or as an ingredient in recipes.

In 2018, Darrell Lea developed a mixed fruit variety, featuring bite-sized licorice candies of mango, strawberry, and apple flavors. There is also demand for bold flavors, contrary to the traditionally milder taste of licorice.

Evolving consumer taste for instance encouraged Hershey to introduce Twizzlers, which our sour mini twists in March 2018. The company also introduced sweet and sour filled bites and twists in citrus punch and cherry kick flavors.

A year prior to this, Darrell Lea launched sugar-free varieties of quintessential black and red licorice to help consumers reduce sugar intake. While the product launches may have hit a little slack due to the ongoing crisis caused by the COVID-19 outbreak, innovations are likely to remain a chief factor driving the market in the forthcoming years.

Explore More Valuable Insights

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

The study offers compelling insights based on product type (Original Black Licorice, Fruit Flavored Candy, Apple, Anise, Grape, Cinnamon, Grape), Nature (organic and conventional), and Sales channels (Restaurants and Hotels, Schools and Institutions, Recreational, Sports Centers and Retail Sales Channels) across seven major regions of the world.

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Vegan Flour Market Forecasted to Reach US$ 2.18 Billion by 2033, Signifying a Flourishing Market for Plant-Based Alternatives in Baking and Cooking

The vegan flour market is anticipated to expand its roots at an average CAGR of 4.0% between 2023 and 2033. The market is expected to have a market share of US$ 2.18 billion by 2033 while it is likely to be valued at US$ 1.51 billion in 2023

The success of the vegan movement, growing animal sensitivity, and global societal trends are converting individuals to veganism. Furthermore, the numerous health benefits linked with vegan products such as vegan flour are driving up demand for vegan flour.
The growing number of lactose-intolerant persons, combined with people embracing a vegetarian or vegan lifestyle, creates a place for market participants to explore. Furthermore, strong nutritional qualities, low fats, and low carbs assist these goods make it to the end-user’s plate.
As a result of globalisation and increased exports and imports, both developed and developing countries are changing their eating patterns. As a result, vendors are adopting clean-label and innovative packaging for their products.
The companies completing their sustainable goals along with the multiple vegan flours for targeted health conditions are expected to flourish the market growth. Moreover, social media influencers and celebrities turning vegan are also expected to transform consumer behavior during the forecast period.

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Key Points

The United States market leads the vegan flour market in terms of market share in North America. The United States region held a market share of 31.5% in 2022. The growth in this region is attributed to aware citizens for preventing animal cruelty, expanding veganism, and proliferating vegan food-based businesses.
The United Kingdom’s vegan flour market is another significant market in the Europe region. The market thrives at a leading CAGR of 11.0% between 2023 and 2033. The growth is attributed to the new product launches, high health benefits, and helpful impact on multiple chronic diseases.
India’s vegan flourmarket thrives at a leading CAGR of 9.0%during the forecast period. The market’s growth is attributed to the rising awareness of the vegan movement and products.
China’s vegan flour market also thrives at a CAGR of 10.0% from 2023 to 2033. The growth is attributed to the high imports of flour.
Based on product type, the soy flour segment held the leading market share of 45% in 2022. The growth is attributed to the affordable price, high-protein concentration, and easily-digestible properties.
The organic segment leads in the nature type category of the market as it held a significant share of 21% in 2022.
Based on application, bakery products consume most of the market as it held a leading market share of 32% in 2022.

Competitive Landscape

The key vendors work on clean-label packaging, enhanced quality, and different vegan flour options. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players Working in the Vegan Flour Market

Conagra Brands, Inc
Cargill, Incorporated
Archer Daniels Midland Company
Ardent Mills LLC
Spectrum Essentials
Flour Farm’s
Let’s Do Organic
Bob’s Red Mill
Others

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Recent Market Developments

Spectrum Essentials has also launched its spectrum essentials soft gels, vegan ultra omega-3 EPA and DHA with vitamin D. The gels come with a lemon flavor.
Bob’s Red Mill has introduced its 453 g organic coconut vegan flour with Non- GMO and High Fiber qualities.

Key Segments Covered

By Type:

Soy Flour
Oat Flour
Quinoa and Rice Flour
Nut-based Flour
Cereal based flour

By Nature:

Organic
Conventional
By Application:
Bakery Products
Soups, Sauces & Dressings
Confectionaries
Functional Foods

By Region:

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

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Organic Spices Market Projected to Exceed US$ 17.0 Billion by 2033 | Future Market Insights

The organic spices market is likely to thrive at an average CAGR of 4.5% between 2023 and 2033. The market is anticipated to cross a share of US$ 17.0 billion by 2033 while it is anticipated to be valued at US$ 10.9 billion in 2023.

The wave of organic food items including spices being in trend is fueling the sales of organic spices in the marketplace. Furthermore, the fresh flavors with no chemicals mixed are liked by the end-users.
Expanding restaurant and hotel businesses with changing tastes and enhanced culinary flavors are creating a high demand for organic flavors as they enrich the food.
The government’s support of organic farming and organic products for the better health of its citizens leads to soil-friendly agricultural practices. Thus, business enthusiasts adopt organic spices.
Extensive research and development programs along with social media influences are thriving the sales of organic spices. Furthermore, the conservation of rare spices through organic farming is fueling the demand for organic spices.
Higher consumption of food items like soups, sauces, condiments, and dressings requires fresh spices like pepper and cumin. Therefore, the demand for organic spices is expected to rise in the future.

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Key Points

The United States market leads the space in terms of market share and CAGR. The market is anticipated to cross a value of US$ 3.4 billion by 2033. The regional market is expected to thrive at a CAGR of 4.3% between 2023 and 2033. The growth is attributed to the expanding restaurant businesses, growing organic farming, and frequent social media trends.
The Chinese organic spices market is another significant market in the Asia Pacific. It thrives at a CAGR of 3.9% during the forecast period. The market is likely to reach a value of US$ 2.4 billion by 2033. The excessive growth is attributed to the famous Chinese cuisines requiring fresh spices and conventional spice farming methods.
Powder and granules are likely to thrive in the form category as it is the most common and convenient form of mixing spices in food while cooking. It is expected to thrive at a CAGR of 4.2% during the forecast period.
The direct sales segment is expected to top the distribution channel category with a CAGR of 3.8% between 2023 and 2033. The growth is attributed to easy availability and bulk consumption.

Competitive Landscape

The key competitors are focused on increasing the organic content while expanding the distribution channels. Key competitors also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market are SunOpta Inc., Organic Spices Inc., Live Organics, Unilever, and S&B Foods Inc.

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For Instance:

SunOpta Inc. has introduced its agreement to sell its global ingredients segment to Amsterdam commodities. The company is likely to participate in the 25^th annual ICR conference.
Organic Spices Inc. has started producing organic spices through different procedures like steam treatment, and dry heat methods. The company also works on renewable energy and green business model.

Key Segments

By Product Type:

Ginger
Turmeric
Basil
Cumin
Cinnamon
Clove
Pepper
Garlic

By Form:

Powder & Granules
Flakes
Paste
Whole/Fresh

By End User:

Food
Beverage
Food Service
Retail

By Distribution Channel:

Direct
Indirect
- Store-based Retailing
Hypermarket/Supermarket
Convenience Stores
Traditional Grocery Retailers
Food & Drink Specialty Stores
- Online Retail

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Cattle Feed Market Anticipated to Surpass US$ 125.8 Billion by 2032, Reflecting Robust Growth

The global cattle feed market is set to witness growth at a CAGR of 4.0% over the forecast period (2022-2032) and top a valuation of US$ 125.8 Billion by 2032.

The commercialization of cattle products such as dairy and meat products, as well as the growing population, have benefited the global market. Consumer awareness of the safety of meat and dairy products, as well as their nutritional value, has become a key driver of business growth.

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Cattle are divided into two categories: young ruminants and adult ruminants. Depending on the age of the ruminants, amino acids, feed acidifiers, vitamins, feed enzymes, antibiotics, antioxidants, and other supplements are employed. Supplements containing vitamin A and minerals, such as Availa-4 and 20-10 Plus Mineral, are routinely used to improve immune function, reproductive, and vision in cattle, as well as to correct deficiencies. Fodder, legumes, grass, and silage make up the majority of a cattle’s diet.

Moreover, consumer knowledge of illnesses that affect livestock animals, such as foot and mouth disease, has heightened worries about meat quality and safety, prompting the adoption of high-quality feed components. Overlapping demand for main grains like barley, maize, and wheat from other commercial applications including biofuel and food sectors is projected to limit market expansion in the coming years.

However, there has been a significant increase in partnerships and M&A among market participants in recent years, growing brand portfolios, gaining access to regional markets, and providing relevant benefits, all of which are expected to fuel product demand.

Key Takeaways from Market Study

North America is expected to account for the maximum value share of the global market of about 33% by 2032 end
Due to constant bans on the use of antibiotics in the cattle feeds in Europe, consumers are compelled to opt for substitutes for these antibiotics and direct fed microbials are emerging as better cattle feed additives
Beef cattle segment aids as a key contributor for growth in emerging countries
The outbreak of COVID-19 disrupted the supply chain of Cattle Feed, due to which, there was a slowdown in the market. However, the market is expected to witness significant growth with economies providing opportunities and increasing consumer demand for healthy & nutritious feed products

“Mergers and acquisitions are conducted to broaden the product range and achieve a greater market share, and to improve their regional footprint, notably in unorganized markets such as China, Brazil, and India, which is attributable to the growing demand in the next half decade,” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of Cattle Feed are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base. For instance,

Archer Daniels Midland Company (US) and Quality Liquid Feeds, Inc. (US) formed a 50-50 joint venture to produce and sell liquid feed supplements for livestock.
Cargill, Incorporated (US) introduced Proviox Breeding at the International Production & Processing Expo, which is a new version of Cargill’s plant-based antioxidant Proviox designed specifically for breeder birds.

Market Segments Covered

Source:

Organic
Conventional

Application:

Agriculture
Industrial

Sales Channel:

Direct Sales
Indirect Sales

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Key Questions Answered in the Report

How much is the Cattle feed market current worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
Which are the major countries driving demand for Global Cattle feed market?
Who are the major players in Global Cattle Feed Market?
Who are the top 5 countries driving cattle feed market?
At what rate will the cattle feed market increase in North America?
What is the Latin America cattle feed market outlook?
What is the market outlook for cattle feed in EMEAI region?
At what rate did the cattle feed market increase between 2021 and 2022?

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Liquid Egg Market Projected to Reach US$ 9,791.7 Million by 2033, Highlighting Significant Growth Opportunities in the Egg Processing Industry

The Liquid Egg Market is on a steady growth trajectory, with a projected size of US$ 9,791.7 million by 2033, indicating substantial expansion from US$ 5,095.3 million in 2022.

This upward trend is underscored by a consistent 6% compound annual growth rate (CAGR) from 2023 to 2033. Furthermore, the top three countries collectively account for a significant 39.6% share in this dynamic industry, highlighting their pivotal role in shaping its future. As consumer preferences evolve and the food processing sector embraces liquid eggs, the market is poised for continued expansion and innovation.

The market for liquid eggs has grown substantially as a result of consumer demand for easy and time-saving alternatives to shelling eggs. Ready-to-use liquid egg products are gaining popularity in a number of culinary applications, including baking and cooking, and the market is expanding to meet the demands of modern lifestyles and the food sectors.

The food and beverage sectors are mostly to blame for the rise in demand for liquid eggs, which has occurred as customers become more aware of the benefits of bee protein. To increase product quality and gain a competitive advantage, many players are adding liquid egg to packaged meals and beverages.

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The growing demand for high-quality, protein-rich components in food items is likely to drive market sales. In recipes, consumers are using processed egg products such as pre-cooked fried eggs and pre-cooked scrambled eggs.

The velvety texture of liquid eggs benefits pre-prepared microwaveable dishes. Microwaveable products, such as eggs, thaw and freeze faster when frozen. In addition to this, liquid eggs bind and emulsify foods such as salad dressings, sauces, dips, and mayonnaise.

Furthermore, the COVID-19 pandemic had a significant influence on the global economy, with businesses facing unforeseeable consequences. Sales in the food and beverage sector have plummeted due to disrupted supply chains.

However, demand is projected to grow at a considerable pace over the forecast period, creating growth prospects for players operating in the global liquid egg market over the forecast period.

Rapid urbanization and changing living patterns are driving the liquid eggs market. Liquid eggs are a more practical and superior alternative to shelled eggs as they are easy to incorporate, come in a user-friendly packaging and make the transportation and handling simple.

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Liquid eggs also cut down on the waste produced by breakage. Growing demand from the food and beverage sector is anticipated to bode well for the market. They are also utilized in cosmetics, personal care products, and animal feed.

Key Takeaways:

Based on product type, sales in the egg white segment will hold around 28.7% of the total market share over the forecast period.
In terms of source, demand for organic liquid egg will increase at a 8.3% CAGR through 2032.
Sales in the North America liquid egg market are expected to grow at a 8.2% CAGR during the forecast period.
The East Asia liquid egg market will account for nearly 18.9% of the total liquid egg consumption through 2032.
Applications of liquid egg in the food and beverage sector will account for over 17.5% of the total market share over the forecast period.

Competitive Landscape

Leading liquid egg companies are expanding their facilities and are investing in egg processing technologies and equipment. Cargill Incorporated, for example, committed US$ 20 million in 2018 to expand its Big Lake egg processing unit to accommodate rising customer demand for a wider range of egg products.

Some players operating in the market are Nest Fresh Eggs Inc., Cargill, Incorporated. Ovostar Union NV, Global Food Group BV, Rose Acre Farms, Ready Egg Products Ltd, Bumble Hole Foods Limited, NewburgEgg Corp., Rembrandt Enterprises, Inc., D Wise Ltd., Vanderpol’s Eggs Ltd., Eggland, and others.

Liquid Egg Market by Category

By Product Type:

Whole Egg
Egg white
Egg Yolk
Scrambled mix

By Form:

Frozen
Refrigerated

By Source:

Conventional
Organic
Cage-free

By End-use Application:

Food Industry
Biotechnology
Cosmetic Industry
Pharmaceutical and Dietary Supplement
Animal Nutrition
Other Applications
Retail Sales

By Sales Channel:

B2B
Ho-Re-Ca
B2C

By Region:

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

Key Questions Answered in the Report

How big is the liquid egg market?

-The liquid egg market is forecast to reach a valuation of US$ 5.1 Bn by 2022.

What is projected liquid egg market Size in 2032?

-The liquid egg market is anticipated to reach a valuation of US$ 9.1 Bn by 2032.

What is the liquid egg market outlook?

– The liquid egg market is expected to expand at a 6.1% CAGR over the forecast period.

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Nandini Singh Sawlani

Ready to Drink Coffee Market Expected to Surpass US$ 43.78 Billion by 2033, Reflecting a Steady CAGR of 5.0%

During the projected period, the ready-to-drink coffee market is expected to grow at a 5.0% CAGR. The market is expected to generate US$ 27.35 billion in revenue in 2023, with a value of US$ 43.78 billion by 2033.

In the majority of developed economies, premiumization is one of the most important drives. Almost all product categories have two strands that serve distinct functions. The rise of the middle class is fueling the inexpensive luxury trend.

The market for ready-to-drink coffee is quickly expanding due to its versatility and ease in addressing the demands of modern lifestyles. As consumers demand rapid and high-quality coffee dosages, manufacturers are introducing novel flavours and formulas, propelling the market’s continuous expansion and cementing its position as a vital participant in the beverage industry.

More customers now have the power to enhance everyday scenarios. Despite the uncertainty, consumer sentiment is increasing, and individuals are experimenting with new flavour profiles and product categories.

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The desire for knowledge and transparency about how and what we consume has also encouraged premiumization, which is driven by the value-driven millennial consumer who wishes to demonstrate their opinions through inconspicuous consumption. The second driver, absolute luxury, on the other hand, is a sign of exclusivity.

It has evolved from overt displays of money to consumers displaying culture capital, exclusivity, and knowledge, all of which make for compelling stories. This strand represents the true ‘rich person,’ who wishes to prove wealth but in a less tangible, ‘meaningful’ way.

It manifests itself in a stronger desire to attempt to buy goods with an interesting story, craft credentials, clout, and provenance in the beverage industry. People are not overspending or recklessly spending, but their individual budgets now also include spendable money. It’s a low-cost luxury, and premiumization is on the rise.

Key Takeaways from Market Study

The market is segmented based on nature, wherein the conventional ready-to-drink coffee is anticipated to account for around 87% of the market share over the forecast period.
The North American ready-to-drink coffee market is anticipated to dominate the global market with a market share of around 29% in 2022.
On the basis of type, original ready-to-drink coffee is expected to hold a prominent share in 2022, but flavored ready-to-drink coffee is expected to witness a lucrative growth rate over the forecast period.
Growing obesity rates among adults and children, busy lifestyles, unhealthy diets among adults and children, and tight working time are all factors driving consumers toward healthier options of convenience food. Ready-to-drink coffee is another functional drink that has been shown to have nutritional benefits. As the diabetic population and calorie-conscious consumers look for alternatives to sugar in their drinks, the rate of priority for antioxidant-enriched beverages among them is increasing.

“The key players operating in the global ready-to-drink coffee market are focusing on strengthening its distribution channel, partnership, merger & acquisition to reach larger consumer base.” says a Future Market Insights analyst.

Competitive Landscape

Companies are focusing on launching innovative drink blends with different flavors such as chocolate, vanilla, various milk flavors, customized sugar and ice level drinks, and so on in order to attract the Gen-Z and millennial segment. Millennials are known for their eagerness to try new innovative flavors, which creates an opportunity for producers to introduce new flavored ready-to-drink coffee to the market. The following are some noteworthy market developments:

As part of the global coffee alliance, Seattle-based Starbucks and Swiss food and beverage giant Nestlé will launch ready-to-drink (RTD) coffee products in Oceania, Latin America, and Southeast Asia by 2022.

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Market Segments Covered in Ready-to-Drink Coffee Market Industry Analysis

Product (RTD Coffee)

Ginseng
Vitamin B
Taurine
Guarana
Yerba Mate
Acai Berry

Additives

Flavors
Artificial Sweeteners
Acidulants
Nutraceuticals
Preservatives
Others

Packaging

Glass Bottle
Canned
PET Bottle
Aseptic

Price Segment

Premium
Regular
Popular Priced
Fountain
Super Premium

Distribution Channel

On-trade
- Independent Retailers
- Supermarkets/Hypermarkets
- Convenience Stores
- Others
On-trade
- Food Service
- Vending

Region

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

Key Questions Answered in the Report

How much is the Ready to Drink Coffee market worth?
At what CAGR is the RTD coffee market expected to grow?
How was the performance of RTD coffee market in the last ﬁve years?
Who are the top players in the RTD coffee market?
Which are the major countries driving demand for ready to drink coffee t?
Which is the leading segment in RTD coffee market in terms of packaging material?
What is the North America ready to drink coffee market outlook?
What is the Latin America ready to drink coffee market outlook?
At what rate will the ready to drink coffee market increase in EMEAI?
At what rate will the ready to drink coffee market grow in APAC?
At what rate did the ready to drink coffee market increase between 2020 and 2022?

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Exploring Growth Opportunities: Underfill Dispensers Essential for Enhancing Dependability in Advanced Packaging Designs, Notes Market Study

The global underfill dispenser market is poised for substantial growth, with a projected CAGR of 6% through 2032. Starting with a valuation of US$ 50 billion in 2022, the market is anticipated to reach US$ 100.61 billion by 2032, indicating significant expansion.

Key Market Drivers and Growth Opportunities:

Enhanced Dependability in Manufacturing Processes:
Underfill dispensers play a crucial role in enhancing dependability at various phases of the manufacturing process. They ensure efficient substrate, wafer, and panel-level applications in flip-chip, 2D, 2.5D, 3D, and other packaging designs. As the demand for reliable manufacturing processes increases, the adoption of underfill dispensers is expected to grow substantially.
Rising Favor for Wafer and Panel-Level Applications:
Wafer and panel-level applications of underfill dispensers are gaining favor due to significant cost savings they offer. Chip-on-wafer (CoW) designs are particularly notable for lowering production costs by optimizing chip population on wafers and reducing distances between chips. This design also facilitates compact form factors, contributing to increased efficiency and reduced manufacturing complexities.
Critical Role in Ensuring Effective Chip Encapsulation:
Despite the narrow geometries involved in modern chip designs, underfill dispensers are indispensable for providing substantial amounts of underfill material between chips and flowing underneath them to enclose solder bump connections. This process is essential for ensuring the reliability and integrity of chip encapsulation, which is vital in various electronic applications.

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Future Growth Opportunities:

Miniaturization and High-Density Packaging: With the ongoing trend towards miniaturization of electronic devices, there is a growing need for underfill dispensing solutions that can accommodate smaller form factors and higher component density. Investing in technologies that enable precise and efficient underfill dispensing for microelectronics applications presents a significant growth opportunity.
Emerging Markets Expansion: As electronic manufacturing continues to expand globally, particularly in regions such as Asia-Pacific and Latin America, there is immense potential for tapping into emerging markets. Developing tailored underfill dispensing solutions that cater to the unique requirements and preferences of emerging markets can unlock new growth avenues and bolster market penetration.
Customization and Flexibility: The demand for customizable underfill dispensing solutions tailored to specific application requirements is on the rise. Providing flexible dispensing systems that offer adjustable parameters, such as dispense volume, speed, and pattern, empowers manufacturers to optimize production processes and enhance product performance, thus driving demand and fostering customer loyalty.
Integration of Industry 4.0 Technologies: Industry 4.0 technologies, including automation, data analytics, and connectivity, are transforming the landscape of manufacturing. Integrating underfill dispensing systems with smart technologies enables real-time monitoring, predictive maintenance, and process optimization, streamlining operations and enhancing productivity.
Sustainable and Eco-Friendly Solutions: With increasing emphasis on sustainability and environmental responsibility, there is a growing demand for eco-friendly underfill materials and dispensing processes. Developing innovative, bio-based underfill materials and adopting environmentally conscious manufacturing practices not only aligns with regulatory requirements but also appeals to environmentally conscious consumers, opening up new market segments and driving competitive advantage.

Industry Trends:

Rise of Advanced Materials: The underfill dispenser market is witnessing a shift towards the adoption of advanced materials, including conductive adhesives, low-temperature curing compounds, and thermal interface materials. These materials offer enhanced performance characteristics, such as improved thermal conductivity, reliability, and compatibility with diverse substrates, driving their widespread adoption across various end-user industries.
Increased Focus on Reliability and Durability: In mission-critical applications such as automotive electronics, aerospace, and medical devices, reliability and durability are paramount considerations. Consequently, there is a growing emphasis on underfill dispensing solutions that deliver robust adhesion, moisture resistance, and thermal stability, ensuring long-term performance and reliability in harsh operating environments.
Adoption of High-Speed Dispensing Technologies: As production volumes escalate and cycle times shorten, manufacturers are turning to high-speed underfill dispensing technologies to meet stringent throughput requirements without compromising precision or quality. The adoption of advanced dispensing platforms equipped with high-speed valves, multi-axis motion control, and intelligent software algorithms enables rapid and accurate dispensing of underfill materials, driving operational efficiency and scalability.
Demand for Process Integration and Automation: To streamline production workflows and minimize manual intervention, there is a growing demand for integrated underfill dispensing solutions that seamlessly integrate with upstream and downstream processes, such as die bonding, encapsulation, and inspection. Automated dispensing systems equipped with robotic arms, vision systems, and inline quality control capabilities enable seamless process integration, reduce cycle times, and minimize error rates, thereby enhancing overall manufacturing efficiency and yield.
Focus on Regulatory Compliance and Quality Assurance: In highly regulated industries such as medical devices and aerospace, compliance with stringent regulatory standards and quality assurance protocols is non-negotiable. As such, there is a heightened focus on underfill dispensing solutions that adhere to industry-specific regulatory requirements, undergo rigorous testing and validation, and offer traceability and documentation capabilities to ensure product integrity and compliance throughout the manufacturing lifecycle.

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Market Segmentation:

Based on product type,

Capillary flow underfill (CUF)
No flow underfill (NUF)
Molded underfill (MUF)

Based on application,

Flip chips
Ball Grid array
Chip Scale Packaging

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Global Food Tins and Drink Cans Market Set to Reach US$ 3.49 Billion by 2032, Reports Industry Analysis

The global food tins and drink cans market is poised for substantial growth, with a projected CAGR of 4.5% through 2032. Starting with a value of US$ 2.25 billion in 2022, the market is expected to reach a valuation of US$ 3.49 billion by 2032, indicating significant expansion.

Key Market Trends and Insights:

Rise in Demand Due to Changing Lifestyles:
The increasing trend of eating out regularly has fueled the demand for canned food products that offer convenience for on-the-go consumption and travel. This shift in consumer behavior towards convenience foods has contributed to the vibrant growth of the global food tins and drink cans market.
Modernization of Consumer Lifestyles Driving Growth:
The modernization of consumer lifestyles has prompted manufacturers to utilize high-quality food-grade containers in their production processes. Consumers seek packaging solutions that offer convenience, portability, and ease of use, driving the demand for food tins and drink cans globally.
Opportunities Arising from Plastic Bans:
With increasing environmental concerns and plastic bans implemented in various regions, the food packaging industry sees significant opportunities to capitalize on alternative packaging solutions. Food tins and drink cans emerge as viable alternatives to plastic packaging, offering sustainability and recyclability.
Extended Shelf Life and Preservation Benefits:
Manufacturers leverage the advantages of food tins and drink cans to store food items for extended periods without the need for refrigeration. These containers help preserve food freshness, enable seasonal foods to be available year-round, and offer convenience in storage and transportation.

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Future Growth Opportunities:

Sustainable Packaging Solutions: With increasing consumer awareness about environmental issues, there is a growing demand for sustainable packaging solutions. Future growth opportunities lie in developing eco-friendly food tins and drink cans made from recyclable materials, reducing carbon footprint throughout the production process.
Innovative Designs and Functionality: Consumers are drawn to packaging that offers both aesthetics and functionality. Future growth lies in designing food tins and drink cans with innovative features such as easy-open lids, resealable options, and ergonomic shapes, enhancing user experience and convenience.
Health-Conscious Packaging: As health and wellness trends continue to gain momentum, there is a rising demand for packaging that preserves the freshness and nutritional value of food and beverages. Future growth opportunities exist in developing food tins and drink cans equipped with advanced sealing technologies and barrier coatings to extend shelf life and maintain product quality.
Personalization and Customization: Consumers crave personalized experiences, even in packaging. Future growth lies in offering customizable food tins and drink cans, allowing brands to engage with consumers on a deeper level and create unique, memorable experiences that resonate with their target audience.
Expansion into Emerging Markets: With globalization opening new doors, future growth opportunities exist in expanding into emerging markets with untapped potential. By understanding local preferences and adapting packaging strategies accordingly, companies can position themselves for success in diverse markets worldwide.

Industry Trends:

Rise of Ready-to-Drink (RTD) Beverages: The convenience of ready-to-drink beverages is driving significant growth in the food tins and drink cans industry. As consumers seek on-the-go options, manufacturers are responding by introducing a variety of RTD beverages packaged in cans, catering to busy lifestyles and changing consumption patterns.
Premiumization and Brand Differentiation: Premiumization is a prevailing trend in the food and beverage industry, influencing packaging choices as well. Brands are leveraging innovative designs, high-quality materials, and unique finishes to differentiate themselves and command premium prices in the market, appealing to discerning consumers seeking quality and exclusivity.
Focus on Food Safety and Regulations: With stringent regulations governing food safety and packaging standards, industry players are prioritizing compliance and investing in technologies that ensure the integrity and safety of food tins and drink cans throughout the supply chain. Enhanced traceability and quality control measures are becoming paramount to maintain consumer trust and confidence.
Digitalization and Smart Packaging: The integration of digital technologies and smart packaging solutions is transforming the food tins and drink cans landscape. From interactive QR codes to NFC-enabled labels, brands are leveraging digital platforms to provide consumers with real-time information, engage in storytelling, and foster brand loyalty, creating immersive experiences that extend beyond the physical product.
Shift Towards E-Commerce and Direct-to-Consumer (DTC) Channels: The rise of e-commerce and DTC channels is reshaping how consumers shop for food and beverages, presenting new opportunities and challenges for packaging manufacturers. As online shopping continues to surge, companies are adapting packaging designs and logistics strategies to meet the unique requirements of digital retail, focusing on convenience, sustainability, and brand visibility in the virtual marketplace.

In conclusion, the future of the food tins and drink cans industry is brimming with opportunities for growth and innovation. By embracing sustainability, embracing innovation, and staying abreast of industry trends, companies can navigate the evolving landscape successfully and carve a niche in the competitive global market.

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Key players

Some predominant players identified across the globe are Crown Holdings, Cansmart, Silgan Containers LLC, Jamestrong Packaging, Kian Joo Can Factory Bhd, Perennial Packaging Group Pty Ltd, Allstate Can Corporation, TinPak (Pvt) Ltd. and BALL CORPORATION.

The report covers exhaustive analysis on:

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

Regional analysis include

North America (U.S., Canada)
Latin America (Brazil, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Rest Of Western Europe)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
TheMiddle East and Africa (GCC countries, S. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Food tin and Drink cans Market: Segmentation

The Global food tin and drink cans market has been segmented as follows

Based on the material used
- Steel tins and cans
- Aluminum tins and cans
- Tin Plate tins and cans
On basis of product type
- 3-Piece cans
- 2- Piece cans
  - Single drawn cans
  - Drawn and re-drawn cans (DRD)
  - Draw and wall ironing cans (DWI)
Based on the end use
- Dairy products
- Fruits & vegetables
- Ready meals
- Pet food
- Fish and seafood
- Others
On the basis of packaging types
- Round tins and cans
- Bowl tins and cans
- Shaped tins and cans

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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