Market Research Blog – Page 3635 – New Product Development

Dinner Ready-to-Eat (RTE) Food Market Hits US$ 25,184.3 Million Valuation by 2033, Backed by 6.0% Compound Annual Growth Rate: Analyzing Consumer Preferences, Technological Advancements, and Market Opportunities

The adoption of dinner Ready-to-Eat (RTE) food is expected to increase at a CAGR of 6.00% during the forecast period. The dinner Ready-to-Eat (RTE) food market size is anticipated to rise from US$ 14,692 million in 2023 to US$ 25,184.3 million in 2033.

One of the key factors driving market expansion is the rapidly urbanising food and beverage industry, which is also expanding. Global consumption of RTE food products has also risen as the working population has grown and consumer lives have improved.

As a result of hectic schedules, on-the-go convenience foods that require minimal preparation time and effort are becoming increasingly popular. Furthermore, the expansion of quick-service restaurants (QSRs) and the emergence of a café culture, as well as an increase in consumer purchasing power, are driving demand for supper RTE food products.

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To address nutritional needs, producers are creating creatively flavoured variations rich in useful ingredients, which is also boosting their enduring popularity among customers.

Other factors, such as the growth of online retailing networks and aggressive promotional activities by vendors, are expected to drive the market even further.

Key Takeaways from the Dinner Ready-to-Eat (RTE) Food market

The American ready-to-eat food market had the strongest dinner ready-to-eat food market share, accounting for 9.3% of the global market. The rising consumption of ready-to-eat foods, including frozen goods is to held responsible for the country’s growth. Given these foods’ low cost as well as their high quality and freshness, the dinner ready-to-eat food market in the United States is expanding.
3% of the market for dinner-ready food was accounted for by the Supermarkets & Hypermarkets category in 2022. The market for dinner ready-to-eat foods is expanding as a result of the convenience of finding various brands’ ready-to-eat foods in one place. Frozen food is offered at discount pricing by supermarkets in an effort to attract more customers.
Rising urbanization, increased middle-class disposable income, and changing Indian consumer food habits all contribute to the market’s phenomenal growth of 29.7%. Furthermore, the increased demand for quick food, as well as the freshness and nutritional value of these items, is aiding the growth of the Indian ready-to-eat food market.
The ready meals segment leads the global market with a 6.4% annual growth rate. Consumer demand for ready meals has boosted the growth of the dinner ready-to-eat food industry significantly. The rise in the working population, as well as the reduction in cooking time, has had a positive effect.

Competitive Landscape

The manufacturers’ strategies for staying afloat in the dinner ready-to-eat food market include new product launches, portfolio expansion, strategic collaborations, and mergers. As a result of high industrial profitability, dinner ready-to-eat food market manufacturers have developed powerful competitive strategies, increasing competition among existing market players. As a primary market consolidation strategy, major dinner ready-to-eat food market players are focusing heavily on product innovation.

Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, and Hormel Food Corporation are some of the key players in the Dinner Ready-to-Eat Food Market.

Latest Developments

The Kraft Heinz Company announced a secondary offering of shares of common stock (the “Offering”) in November 2021. Some affiliates of 3G Global Food Holdings LP (the “Selling Stockholder”) intend to sell 30,596,465 shares of common stock (“Common Stock”) in the Offering, which is subject to market and other conditions. The company will not accept any proceeds from the Offering.
Tyson Foods, Inc. will launch a novel line of plant-based products under the brand First PrideTM in select retail markets and e-Commerce across Asia Pacific in June 2021. This is the first time the company has launched plant-based products in Asia, with the goal of making protein more accessible and affordable to more people around the world.

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Key Segments Covered in the Market Report

By Product Type:

Instant Breakfast/Cereals
Instant Soups and Snacks
Ready Meals
Baked Goods
Meat Products

By Distribution Channel:

Hypermarkets/Supermarkets
Convenience Stores
Online Retailers

By Region:

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

About Future Market Insights (FMI)

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

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Yeast Extract Market Surges to US$ 2,584.0 Million by 2034, Fueled by 5.78% Compound Annual Growth Rate: In-Depth Analysis of Market Dynamics, Innovations, and Competitive Landscape

The global yeast extract industry is expected to rise from US$ 1,472.9 million in 2023 to US$1550.9 million in 2024. The market is projected to reach a value of US$ 2,584.0 million by 2034, expanding at a CAGR of 5.78% over the forecast period.

North America now has the fastest-growing yeast extract market, with the United States accounting for more than half of total sales in the region. The Asia Pacific yeast extract market will outperform the United States by 2022, because to the prevalence of high-end meals and improving living levels.

Yeast extract is growing more popular as a supplement in the food and beverage industries, and it is projected to continue to receive significant investment. Sauces and savoury flavourings had the highest absorption of autolyzed yeast extract, followed by processed meals and dairy.

Yeast is used in the making of bread and beer to make yeast extract, a flavour component. It can be found in a wide range of foods, including cheese and sauce. Yeast extract imparts a flavour known as “umami.”

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Yeast extract is made by adding sugar to yeast in a hot environment. The yeast’s outer coating begins to weaken as its walls attempt to expand. This mixture is centrifuged, and any loose yeast walls are washed away.

The market is expected to grow due to increased consumption for bakery food items and an increase in the consumption of alcoholic beverages.

Furthermore, increased consumer demand for nutritious, healthful produce made from natural ingredients is expected to boost demand. The yeast extract market is expected to increase throughout the forecast period due to the easy availability of resources such as saccharides and other sugar compounds at reasonable prices.

A wide range of yeast products, as well as its ingredients, are widely utilised, manufactured, and marketed commercially. Yeast is now being utilised commercially in animal feed all over the world. Several studies have been conducted to evaluate animal health and performance after the inclusion of yeast extracts in the diet.

Key Takeaways from Market Study

The yeast extract market is expected to expand at CAGRs of 8.2% and 7.4% in America and the APAC, respectively, through 2032.
Europe market currently holds 24% share of the total yeast extract marketplace.
Dry yeast is also used in probiotic, either alone or in conjunction with beneficial bacteria, to give nutritional advantages. Nutritional yeasts include adequate protein and amino acid compounds that are typically greater than grains and oil seed diets.
Yeast extract sales are increasing globally due to rising customer demand for healthy foods.
Due to the severe COVID-19 crises, the industry for yeast extract was directly impacted, causing a trade stagnation. Nevertheless, with financial systems giving possibilities and growing customer desire for safe and healthy produce, the industry is likely to rise significantly.

“yeast extract producers would make a fortune if they focused the snack industries. Because of the increased demand for snacks throughout the world, the flavouring agent business might be a viable market for yeast extract.,” -says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Key players in the yeast extract market are concentrating their efforts on research & innovation in aims to enhance the quality of their offerings.

Angel Yeast Co., Ltd, that is a Chinese high-tech yeast firm, has announced the establishment of a joint venture company to spend USD 15.4 million in the acquisition of Shandong Bio Sunkeen Co, Ltd’s yeast-related assets. The firm hopes to improve its manufacturing capacity as well as solidify and enhance its position in the industry by doing so. As the industry continues to develop, the purchase of Bio Sunkeen will enable the firm to quickly solve possible capacity shortfalls.
Associated British Foods which is an international food, has confirmed that this has signed an agreement with W Jordan & Son Limited, a UK morning cereals and cereal bar company, to combine the Jordans and Ryvita crispbread and nutritious snacking businesses. The merger of Jordans and Ryvita will establish Jordans and Ryvita as a market leader in the provision of goods to fulfil rising customer usage of natural additives and healthy eating.

Market Segments Covered in Yeast Extract Market Analysis

By Grade :

Food Grade
Feed Grade

By End Use :

Food and Beverages
- Soups
- Processed Food
- Dairy Products
- Bakery
- Sauces & Savory Flavors
- Non-alcoholic Beverages
- Alcoholic Beverages
Animal Feed
Pharmaceuticals
Microbial Nutrients
Cosmetics & Personal Care
Others (Biofuel & Biomass Production)

By Region :

North America
Latin America
Europe
Middle East and Africa
Asia Pacific

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Frequently Asked Questions

What is the level of competition in the market for yeast extract?
Which end-use segment provides the most profitable growth potential for industry participants?
Which region will account for the majority of global yeast extract sales?
In the next 10 years, which grade of yeast extracts will sell the most?
In the future years, which trend will boost the yeast extract market?

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Fish Powder Market Reaches US$ 15.1 Billion Valuation by 2032, Bolstered by 5.4% Compound Annual Growth Rate: Comprehensive Analysis of Industry Dynamics, Key Players, and Emerging Trends

The Fish Powder Market is set for substantial growth, with a projected size of US$ 15.1 billion by 2032, compared to US$ 8.7 billion in 2022, reflecting a robust compound annual growth rate (CAGR) of 5.4%. This growth is driven by increasing demand for fish powder in various industries, including aquaculture and animal feed, as it is recognized for its high nutritional value and versatile applications. As the market continues to expand, it plays a pivotal role in meeting the growing global demand for sustainable protein sources and nutrition.

Consumers are far more picky about the foods they buy now than they were earlier. Consumer awareness has increased the demand for better-tasting, higher-quality, and more environmentally responsible food items. Fish is a readily available food that is abundant in protein, vitamins, and minerals. As a result, fish consumption has steadily increased throughout time.

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Key Takeaways from the Fish Powder Market Study

The report claims that a number of manufacturers are acquiring significant regional companies in order to increase their global reach. Additionally, this is done to enhance the number of manufacturing facilities and the range of products they offer. In order to increase production capacity in the chosen nation and strengthen their worldwide footprint, leading businesses are currently concentrating on creating innovative development centres.
Since there is limited production of fish powder, leading manufacturers are now focusing on improving their distribution base in the global market in order to make sure the product is readily available to its target customers.
Among various end-use segments, the usage of fish powder in animal feed is most common. Owing to the increasing health awareness and growing preference for processed food/diet with low fat, sugar, salt and high protein content, the demand for fish powder is considerably rising in the food & beverages segment.
Technologies that are expected to gain prominence in the upcoming years are influenced by various macroeconomic factors that may also change the course of growth. Also, emergence of new technologies is likely in the near future. These technologies can replace the existing ones or render their traditional counterparts completely obsolete. The financial situation and the company’s manufacturing these products will select the course of the growth of these technologies

“Key players are anticipated to focus on improving their horizontal integration to reduce the uncertainties associated with the supply of consistent quantity and quality of raw materials. Furthermore, upcoming entrants in the fish powder market are specifically expected to focus on incorporation of more advanced processing technologies mainly which are environment friendly as well as economical to grow as a leader in the market.” says an FMI analyst.

Fish consumption has skyrocketed as a result of marketing activities and greater consumer awareness about living a healthy and sustainable lifestyle. Furthermore, population expansion, an increase in per capita disposable income, a preference for healthier meals, and urbanisation all have a favourable impact on the business.

The need for pet meals with high protein diets, low carbohydrate diets, and no grains is rapidly increasing. Furthermore, more pet food products are being manufactured with “limited ingredients” and “novel ingredients,” as well as a growing “No” list of byproducts such as wheat, corn, soy, potatoes, beetroot pulp and beef. These characteristics have made fish meal popular among pet owners in recent years.

Who is winning?

Some of the key players operating in the fish powder market are Omega Protein Corporation, Bio-marine Ingredients Ireland Ltd., Scanbio Marine Group AS, Bio-Oregon Protein, Inc., TripleNine Group A/S, Sopropeche S.A., Alaska Protein Recovery LLC., Titan Biotech Limited, A Costantino & C. S.P.A., Oceana Group Limited S.A., Empresas Copec S.A., Ff Skagen A/S., Biomega AS., Sardina D.O.O., Pesquera Diamante S.A., Austevoll Seafood ASA., Colpex International S.A.C., Symrise AG, and others.

Several leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain competitive advantage.

In 2015, Oceana Group Limited S.A. acquired the fishing business of Foodcrop Limited. This acquisition deal was carried out through an investment of around US$ 34.5 Mn. This acquisition is entitled to pelagic fishing rights, which is expected to benefit the group enabling expansion of its fishmeal production capacity.
In October 2017, FF Skagen AS acquired Skagerak Pelagic from Skagerak Group. Through this acquisition it entered into the market of pelagic fish for human consumption. Skagerak Pelagic is Denmark’s largest producer of herring for human consumption, producing around 30,000 metric tons of finished herring products.

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Get Valuable Insights into Fish Powder Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global Fish Powder market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the Fish Powder market based on the product type (fish meal powder and fish protein powder), end user (food & beverages, cosmetics & personal care, sports nutrition & dietary supplement, pharmaceuticals, fertilizers, and animal feed (animal feed segment is further categorized into aqua feed, poultry, and swine)), and distribution channel (B2B and B2C (B2C is segmented into Store based retailing and online retailing) across seven major regions.

Frequently Asked Questions

How big is the Fish Powder Market?
What is the North America Fish Powder Market Outlook?
At What Rate will Fish Powder Demand Grow in Europe?
What Are the Key Trends Shaping the Fish Powder Market?

Fish Powder Market By Category

By Fish Species, Fish Powder Market is Segmented as:

Anchovy
Sand Eel
Horse Mackerel
Sardine
Pilchard
Hilsa
Others

By Product Type, Fish Powder Market is Segmented as:

Fish Protein Powder
Fish Meal Powder

By Application, Fish Powder Market is Segmented as:

Animal Feed Industry
- Swine
- Poultry
- Aquaculture
- Others
Food Industry
Cosmetics and Personal Care

By Region, Fish Powder Market is Segmented as:

North America
Latin America
Europe
Asia Pacific
Oceania
MEA

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Natural Food Preservatives Market US$ 856.1 Million Valued by 2032 with 7% CAGR: Insights into Growth Drivers, Trends, and Future Prospects User

The natural food preservatives market is expected to be valued at US$ 435.2 Million in 2022 and is projected to reach US$ 856.1 Million by 2032, growing at a CAGR of 7% from 2022 to 2032.

Increased demand for convenience items, as well as an emphasis on organic food products, have resulted in a growing preference for foods that last longer. As a result, natural food preservatives are in higher demand than ever before. Natural food preservative sales are expected to rise from 484.2 million US$ at the end of 2018 to 796.5 million US$ by 2028. One of the primary factors driving revenue growth in the global company is the fast-expanding consumption of packaged and processed goods.

People’s eating habits have changed as a result of urbanisation and fast-paced lifestyles, which make packaged and ready-to-eat foods more available. To enhance shelf life and prevent disintegration, processed food and beverage commodities must be stored using proper techniques and safe additives. As a result, demand for natural food preservatives is growing.

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Because of the detrimental impacts of chemical compounds used in the preparation and processing of food and beverage commodities, the food and beverage industry is shifting towards the use of natural food ingredients. Because of the detrimental health impacts of chemical additives, food and beverage firms are shifting away from synthetic preservatives and towards safer, natural alternatives. Governments around the world have enacted strict rules against the use of synthetic food additives, which has resulted in a ban on synthetic food preservatives in the food and beverage industry. This is another significant element driving the global growth of the natural food preservatives market.

Natural Food Preservatives Market Not Devoid of Challenges; Manufacturers Struggle to Contain Costs and Battle Latest and More Advanced Food Preservation Technologies

Although using natural food preservatives is beneficial for the general public’s health, the cost can be a major obstacle to the market’s long-term growth. Natural food preservatives are more expensive than synthetic alternatives since they require greater processing and production expenditures. Many mid-sized and small F&B industry companies limit their production to the use of synthetic and chemical-based preservatives due to cost reasons. The necessity for producers of packaged and processed foods to keep manufacturing costs in check is a significant revenue growth restraint in the global market for natural food preservatives.

Raw material pricing is another revenue puller. Natural food preservatives obtained from vegetables, fruits, and certain types of plants are priced according to the availability and production of raw material. Fluctuating prices of raw material impact operational efficiencies in the natural food preservatives market. Impact of unfavourable weather conditions on the availability of raw material further leads to inconsistent output, as most of the natural food preservatives are sourced from plants.

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Key Segments

Global Natural Food Preservatives Market – By Source

Plant
Animal
Microbial
Mineral

Global Natural Food Preservatives Market – By Product Type

Microbial Derived
Nisin
Natamycin
Rosemary Extract
Botanical Extracts
Natural Acids
Salts

Global Natural Food Preservatives Market – By Form

Powder/Granules
Liquid

Global Natural Food Preservatives Market – By End Use

Bakery
Confectionery
Dairy Products
Yogurt & Sour Cream
Cheese & Butter
Soups
Beverages
Dairy-based
Plant-based
Juices
Snacks
Jams & Spreads
Meat, Fish, & Poultry Products
Sauces & Dressings

Global Natural Food Preservatives Market – By Region

North America
Western Europe
Eastern Europe
Latin America
Asia Pacific excluding Japan
Japan
Middle East & Africa

Another challenge being witnessed in the global market for natural food preservatives is the emergence of newer and more advanced food preservation technologies that might render traditional preservation techniques obsolete in the near future. Techniques such as High-pressure Processing (HPP) – a cold pasteurisation technique that increases shelf life of food products and Pulsed Electric Fields (PEF) – a non-thermal technique that protects food from microbial spoilage through electric pulses are fast gaining traction in the natural food preservatives market. Older methods of preserving food using natural plant-derived preservatives is slowly losing significance, and this is expected to restrain revenue growth of the natural food preservatives market to a certain extent.

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Key Questions Answered in the Report

How much is the natural food preservatives market current worth?

Currently natural food preservatives market is worth more than USD 406.7 Mn.

At what CAGR is the market expected to grow?

Natural food preservatives consumption is expected to grow at a CAGR of around 7% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, natural food preservatives grew at a CAGR of around 6.1% during 2017-2021

What is boosting natural food preservatives sales?

The primary factor driving the growth of the natural food preservatives market is the rising demand for convenience items and an increasing focus on organic foods among people.

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments and production capacity expansion.

How much share does the top 5 companies hold?

The top 5 producers of natural food preservatives hold around 10-12% of the market share.

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Plant Based Pork Market Set to Achieve Remarkable 24% CAGR by 2033: Exploring Growth Drivers, Market Trends, and Sustainable Innovations

With a spectacular CAGR of 24% from 2023 to 2033, FMI predicts that the global plant-based pork market could rocket to a value of US$ 1.88 billion in 2023. Additionally, by the year 2033, this industry is projected to reach a staggering US$ 16.72 billion.

The veganism movement is being fueled by the growing environmental and animal rights consciousness among a sizeable portion of the population. People are now looking for meat substitutes as a result of this trend. Many people love pork, thus it’s a popular food.

The negative effects of pork slaughter have prompted the development of new alternatives. Pork derived from plants is one such replacement. As a result, the industry is expected to expand significantly as the adoption of plant-based meats as an alternative develops in popularity.

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The market is expected to be driven by rising consumer interest in plant-based diets and increased awareness of animal rights due to the efforts of several welfare organisations. Vegan diets, in which people live vegetarian lives free of animal products, are increasingly include plant-based meat as an essential component.

Veganism is becoming more popular among consumers for ethical and health reasons, while vegetarianism is becoming increasingly popular among customers who want to avoid animal cruelty and consume sustainable food and beverage options.

Increasing mushroom production and consumption, including that of oyster and button mushrooms, among others, is expected to also fuel market expansion in the years to come. The market is projected to rise during the projected period as a result of rising demand for goods made of plant-based ingredients such as tofu, soy, seitan, jackfruit, and others.

Overindulging in pork can result in diet-related disorders such as obesity, type 2 diabetes, heart disease, and several other malignancies. On the other hand, eating meat made from plants doesn’t result in these illnesses. Moreover, they support stronger immunity. Consumer attention is being drawn to a variety of significant considerations, including the nutritional advantages of plant-based pork and its safety when compared to traditional hog meat.

Pork products made from plants are largely taking the place of traditionally processed pork items like burgers and sausages. Pork made from plants has lower amounts of saturated fat, cholesterol, and calories than meat made from animals. They frequently have greater concentrations of micronutrients like calcium, zinc, and press.

North America led the market and generated the leading revenue share in 2022, and it is anticipated that it could continue to do so for the duration of the forecast period. Increased usage of vegetarian meat products and growing consumer awareness of the dangers of ingesting tainted meat products are both credited with driving market growth in this region. In reaction to the higher demand for plant-based foods, including plant-based meat, consumer perceptions of food sustainability and safety are likely to change even further.

KEY TAKEAWAYS

The market in the United States has grown significantly in 2022 holding a 27.1% share of the global market.
The market in China is expected to grow at a CAGR of 16.7% over the forecast period.
The market in the United Kingdom is anticipated to grow at a CAGR of 19.7% through 2033.
With a CAGR of 14.3% over the forecast period, India is predicted to grow rapidly in the market.
Germany accounted for 11.2% of the global market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the plant-based pork market are Impossible Foods, Inc., Gardein by Conagra Brands, Cargill, Inc., Smithfield Foods, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion Inc, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd., and others.

To fulfill rising customer demand for eco-friendly and meatless options, producers in the plant-based pork industry are creating new products. They are developing products that resemble the flavor, texture, and look of pork using a range of plant-based components, including soy, wheat, and pea protein. To accomplish the rising demand for sustainable and healthier food choices, they are investing in research and development to create novel plant-based pork products. In order to increase their distribution and increase customer access to their products, they are also collaborating with eateries and stores.

RECENT DEVELOPMENTS

In September 2021, Impossible Foods confirmed the commercial launch of their Impossible Pork Made From Plants, which is currently available at restaurants in Hong Kong.
In May 2021, Tyson Foods’ portfolio of plant protein products was expanded with three new products to meet the growing need for sources of plant-based protein. The company now sells Italian, ground, and Bratwurst sausages made from distinctive plant-based components.

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Plant-based Pork Market by Category

By Distribution Channel, Plant-based Pork Market is Segmented as:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Food Services

By Source, Plant-based Pork Market is Segmented as:

Soy-based Protein
Wheat-based Protein
Pea-based Protein

By Product Type, Plant-based Pork Market is Segmented as:

Burger Patty
Crumbles & Grounds
Sausages

By Region, Plant-based Pork Market is Segmented as:

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

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Revolutionizing Minds: Cognitive Assessment and Training Market Surges to US$ 3.7 Billion by 2028

The Cognitive Assessment and Training Market is estimated at US$ 1.4 Billion in 2022 and is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Billion by 2028.

Future Market Insights (FMI) has recently published a report titled “Cognitive Assessment and Training Market – Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028.” Cognitive assessment and training is the mental process of acquiring knowledge and understanding through experience and sense.

Furthermore, these cognitive assessment tools are used to identify individuals who are likely to need additional evaluation. At present, these tests are widely used by organisations as a part of the recruitment process to assess a candidate’s competence & suitability for the role, as well as to predict his/her future performance.

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Drivers and Opportunities:

The market’s robust growth is fueled by several key drivers. As the aging population continues to grow, the demand for cognitive assessment tools to detect and manage cognitive disorders such as Alzheimer’s and dementia is on the rise. Additionally, the COVID-19 pandemic has underscored the significance of remote and virtual cognitive training solutions, opening up new avenues for market players.

Moreover, businesses are increasingly embracing cognitive training programs to enhance employee productivity and decision-making skills. These factors, combined with the surge in digitalization, particularly in healthcare and education sectors, are creating lucrative opportunities for market expansion.

Competitive Landscape – Regional Trends:

The Cognitive Assessment and Training Market is characterized by intense competition among both established players and emerging entrants. North America holds a substantial share, driven by advanced healthcare infrastructure and increasing investments in cognitive healthcare. Europe is witnessing rapid growth, thanks to government initiatives promoting cognitive health awareness.

Asia-Pacific is emerging as a promising market, with a growing aging population and rising healthcare expenditure. In contrast, Latin America and the Middle East and Africa are expected to experience gradual but steady market growth.

Restraints:

Despite the promising outlook, the market faces certain limitations. High initial costs associated with cognitive assessment and training solutions may deter adoption, especially in resource-constrained regions. Data privacy concerns are another challenge, as the collection and storage of sensitive cognitive data require stringent security measures.

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According to FMI analysis, long-term contracts with business partners help to increase revenue and new innovation strategies will enable cognitive assessment and training vendors to reach new growth markets. Some of the market participants featured in the global cognitive assessment and training market are IBM Corporation, Cambridge Cognition Limited, NeuroCog Trials, ERT Clinical, Brain Resource Company, WIRB-Copernicus Group, CogniFit, CRF Health, Cogstate Limited and Pearson Education.

Key Segments of Cognitive Assessment and Training Industry Research

Cognitive Assessment and Training Market by Component:

Cognitive Assessment and Training Software
Cognitive Assessment and Training Services
Cognitive Assessment and Training
Cognitive Assessment and Consulting
Cognitive Assessment and Training Support & Maintenance

Cognitive Assessment and Training Market by Type:

Personal Computers (PCs)
Mobiles & Tablets

Cognitive Assessment and Training Market by End User:

Cognitive Assessment and Training for Healthcare
Cognitive Assessment and Training for Research Organizations
Cognitive Assessment and Training for Education
Others

Cognitive Assessment and Training Market by Region:

North America Cognitive Assessment and Training Market
Latin America Cognitive Assessment and Training Market
Europe Cognitive Assessment and Training Market
East Asia Cognitive Assessment and Training Market

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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 Kraft Paper Market Set to Flourish, Anticipated Revenue of US$ 16.8 Billion in 2024 Expected to Surge to US$ 21.2 Billion by 2034

The global kraft paper market is poised for substantial growth, with an estimated revenue of US$ 16.8 billion projected for 2024. According to insights from our paper domain experts, the kraft paper industry can anticipate a steady Compound Annual Growth Rate (CAGR) of 2.4% through 2034, culminating in a forecast valuation of US$ 21.2 billion by the end of the forecast period.

The Kraft Paper industry continues to witness significant growth and transformation, fueled by innovation, sustainability initiatives, and evolving consumer demands. As a leading player in this dynamic market, we are excited to share insights into five professional and attractive future growth opportunities, along with five industry trends shaping the landscape of Kraft Paper.

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Top Trends Driving Kraft Paper Sales:

Rise of Fast-Food Culture: The burgeoning popularity of fast-food restaurants, driven by the fast-paced consumer lifestyle, is fueling the demand for brown paper packaging. Kraft paper emerges as the ideal substitute for food paper due to its chemical-free composition, non-intrusive impact on food taste, and preservation of food quality.
Eco-Friendly eCommerce Solutions: The escalating adoption of eco-friendly eCommerce paper reflects businesses’ commitment to environmental sustainability. Kraft paper’s ability to minimize overspray and its lightweight nature contribute to its popularity among eCommerce enterprises.
Innovative Potential in Multiple Industries: Leading manufacturers are poised to leverage the innovative potential of kraft paper across diverse sectors such as cosmetics, food and beverage, and eCommerce. Its biodegradable and natural properties make it an attractive choice for sustainable packaging solutions.
Government Initiatives: Global governments are intensifying efforts to curb single-use plastic consumption and promote awareness of biodegradable alternatives. This push encourages food makers to embrace kraft paper packaging solutions.
Rise of E-commerce Packaging: The booming e-commerce sector is driving the demand for efficient and sustainable packaging solutions. Kraft Paper, with its versatility and eco-friendly properties, is increasingly being adopted for e-commerce packaging applications, including shipping boxes, protective packaging, and mailers.

Kraft papers are extensively used in the packaging of foods and drinks owing to their versatility, safety, and sustainability. Since consumers are increasingly opting for safe and sustainable food and beverage paper, kraft papers are expected to witness lucrative opportunities in the future. Consequently, the food and beverage sector accounts for a leading share of the global kraft paper market.

Business Growth Drivers:

Rising Eco-conscious Consumer Behavior: The increasing awareness and preference for eco-friendly products among consumers drive the demand for kraft paper, as it is a recyclable and biodegradable material, aligning with sustainable lifestyles.
Booming E-commerce Industry: The growth of the e-commerce sector, coupled with the surge in online shopping, significantly boosts the demand for kraft paper packaging due to its durability and suitability for shipping and handling various products.
Government Regulations Promoting Sustainable Practices: Stringent regulations and policies promoting sustainable packaging materials encourage businesses to adopt kraft paper, which is known for its minimal environmental impact compared to non-biodegradable alternatives.
Versatility in Applications: The versatility of kraft paper extends its use beyond packaging to various industries such as retail, food and beverage, and manufacturing, contributing to sustained demand and market growth.
Shift towards Plastic-Free Packaging: The global movement towards reducing plastic usage and seeking plastic-free alternatives amplifies the demand for kraft paper, which serves as an excellent substitute for traditional plastic-based packaging materials.

Key Takeaways:

In the North America kraft paper market, the United States is predicted to expand at a CAGR of 2.2%, whereas Canada is anticipated to record a CAGR of 3.3% through 2034.
In Europe, the United Kingdom kraft paper market is anticipated to register a significant CAGR of 3.6% through 2034.
Within Asia Pacific, India, China, and Thailand, are expected to record CAGRs of 5.9%, 5.4%, and 4.8%, respectively, through 2034.
Based on end use, the food and beverages sector is projected to account for a market share of 26.7% in 2024.
Based on product type, the specialty kraft paper segment is estimated to acquire a value share of 82.5%.

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The report covers exhaust analysis on:

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

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Market Segmentation:

Based on product type,

Specialty kraft paper
Sack kraft paper

Based on grades,

Bleached
Unbleached
Coated
Uncoated

Based on application,

Corrugated boxes
Grocery & shopping bags
Multiwall sacks
Carryout bags
Others

Based on end use industry,

Food & beverages
Electronics
Construction
Cosmetics and personal care
Textile
Others

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Nandini Singh Sawlani

Global Workstation Market Surges at 9.2% CAGR, Doubling Valuation to $100 Billion by 2029

Workstations are gaining paramount importance on the back of rising information technology infrastructure. Greater emphasis on enhancing IT operations has bided well for the global workstation market. On that premise, FMI projects the market to hit approximately US$ 100 Bn by 2029 end.

“Application optimization, enhanced reliability, and greater performance are highly favored attributes propelling the growth of workstation market. Heightening demand for graphics, networking, and digital content creation is fueling the growth of global workstation market. Integration of workstations will thus remain on an upward growth trajectory through 2029,” reports FMI.

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Key Takeaways of Workstation Market Study

Desktops continue to be preferred by consumers across the globe.
Mobile workstations will register prolific growth over the forecast period.
Windows-enabled workstations are highly favored by consumers worldwide.
The primary consumers of workstations are large enterprises, which will follow upward growth trend in foreseeable future.
Europe and North America will collectively occupy 70% share in the global workstation market.

Workstation Market – Key Growth Factors

Prevalence of 3D animation technology is inflating the sales in North America.
Presence of technology pioneers such as Secunet AG and Microsoft Corporation continues to strengthen market growth in developed economies.
Growing capital investments are bolstering the workstation market growth in Asia Pacific.
Rising adoption of workstation by SMEs will support the market growth through 2029.

Workstation Market – Key Restraints

Linux-enabled workstations will witness relatively sluggish growth during the forecast period.
Cost-intensive nature of mobile workstations will restrain market growth through 2029.

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Competitive Landscape

Prominent players profiled in this FMI study include, but are not limited to, VMware, Super Micro Computer, Cisco Systems, Lenovo Group Limited, Citrix Systems, Secunet AG, HP Inc., Hewlett Packard Enterprise, Red Hat, Dell EMC, Intel Corporation, NVIDIA Corporation, Microsoft Corporation, and Fujitsu Limited. Major players continue to target manufacturing, engineering & design sectors which collectively hold approximately 50% market share. They must tap value-capture opportunities in engineering simulations and 3D mechanical designs through 2029.

More about the Report

This Future Market Insights study of 500 pages provides all-inclusive insights on the global workstation market. The market analysis is based on type (rack workstation, desktop workstation, mobile workstation, tower workstation), operating system (Windows, Linux, and Unix), core (6 cores, 8 cores, 12 cores, 18 cores, 28 cores, 32 cores, 56 cores), enterprise size (SMEs, large enterprises), application (digital content creation, advanced data modeling, industrial designing, 3D modeling), industry (healthcare, education, BFSI, manufacturing, media and entertainment, engineering & design) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa, Japan).

Author:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Nandini Singh Sawlani

Passive Infrared Sensor Market Surges: Global Sales Projected to Reach US$1.3 Billion by 2032

The industry that produces and distributes passive infrared sensors is known as the passive infrared sensor market. PIR sensors are electrical devices that have the ability to identify infrared radiation generated by nearby objects. These sensors are often utilised in many different applications, such as energy management, occupancy detection, automated lighting control, and security systems.

With a CAGR of almost 15%, the passive infrared sensor market is expected to develop considerably between 2022 and 2032 and reach a worth of about US$ 1.3 billion. The primary factor driving the worldwide infrared sensor market is the growing usage of passive infrared sensors in a range of electrical devices.

A passive infrared sensor is an electronic device that can generate light and detect the motion of an infrared emitting source, such as a human. Passive infrared sensors are used in security equipment, cameras, thermal cameras, spectrometers, household appliances, gas and fire detection systems, pyrometers, and temperature sensors, among other things.

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Global Passive Infrared Sensor Market: Drivers

The widening application area of passive infrared sensors is accelerating the growth of the passive infrared sensor market. Expanding demand for motion-enabled smartphones, industrial machinery, medical equipment, and military & aerospace devices, rising uptake of wireless communication, and growing trends of industrial and home automation.

Global Passive Infrared Sensor Market: Restraints

Some of the restraints hindering the growth of the global passive infrared sensor market to some extent are the availability of alternative sensors at lower prices and the inability of passive infrared sensor to detect objects moving at very slow speeds.

Global Passive Infrared Sensor Market: Competitive Landscape

Key players in the global passive infrared sensor market focus on product innovation and introduction of new enhance products in order to outperform competitors. Major companies in the global passive infrared sensor market concentrate on expanding footprints across the world so as to enhance their customer base as well as profit margin.

Furthermore, high investment on research and development activities is another major strategy followed by major players in the global passive infrared sensor market. For example, General Dynamics Corporation invested 1.2% of its total revenue during fiscal year 2014 i.e. US$ 358 Mn in research & development (R&D) activities in order to enhance the efficiency of its business operations and foster innovation in product development.

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Global Passive Infrared Sensor Market: Key Players

Some of the major players identified in the global passive infrared sensor market are Axis Communications AB, General Dynamics Corporation, Bosch security systems ltd., Current Corporation, Atmel Corporation, Elmos Semiconductor AG, Cypress Semiconductor, Epson Toyocom Corporation, Honeywell International Inc. and STMicroelectronics N.V. etc.

Regional analysis for Passive Infrared Sensor Market includes

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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Key Segments Profiled in the Passive Infrared Sensor Industry Survey

By Device:

Smoke Detector
Heat Detector
Motion Controller
Other Devices

By Range:

Short Wave Passive Infrared Sensor
Mid Wave Passive Infrared Sensor
Long Wave Passive Infrared Sensor

By Application:

Consumer Electronics
- Smartphones and Smart Mobile Devices
- Cameras
- Other Electronic
Healthcare
Industrial
Automotive
Defense and Aerospace

Author:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Nandini Singh Sawlani

Global Earphone and Headphone Market Soars, Expected to Reach US$198.42 Billion by 2034

The global earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to close in on a valuation of US$ 35.2 Bn by 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period.

Future Market Insights has recently published a market research report titled “Earphone and Headphone Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.”

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Developing Countries Turning into ‘Largest Sales Hub’

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market.

The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

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Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

Based on product type, the global earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The rapid growth of the music industry and the penetration of music streaming has resulted in significant growth in the demand for earphones and headphones. Based on technology, the global earphone and headphone market is sub-segmented into systems, which include wireless and wired.

Based on application, the market is sub-segmented into personal use and professional use, which is further divided into corporate offices and media & entertainment, sports, and gaming. Based on headset type, the market is sub-segmented into ANC and Non-ANC. Based on the distribution channel, the market is sub-segmented into distributors & value-added resellers, retail stores, which includes multi-brand stores and exclusive stores, and the e-commerce channel. Based on price range, the market is sub-segmented into low price, medium price, and premium price.

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About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Author:

About Future Market Insights (FMI)

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