Market Research Blog – Page 3682 – New Product Development

Plant-Based Protein Market Expected to Reach US$ 42.55 Billion by 2034: Analyzing Market Dynamics

The global plant-based protein market size is estimated to be worth US$ 18.64 billion in 2024. The market valuation is projected to surpass US$ 42.55 billion by 2034, registering a healthy CAGR of 8.6% during the forecast period.

As the productivity of the food and beverage industries rises, the market for plant-based proteins will expand significantly. The global market for plant-based proteins is divided into soy, wheat, pea, potato, rice, canola, corn, and other product categories based on the kind of protein present. Soy protein is expected to dominate the market for plant-based proteins.

The increased prevalence of health issues such as diabetes, high blood pressure, and obesity, according to the survey, is driving people to pursue healthier lifestyles. As a result, there is a growing need for plant-based protein nutritional supplements and meals.

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Demand for Preventative Healthcare, Especially Due to the Recent Outbreak of Deadly Viruses to boost growth

The majority of people are worried about their health and recognise the importance of preventive treatment. Numerous journals, websites, and online forums, including Livestrong.com, bodybuilding.com, Men’s Health, and Shape, publish frequent updates on nutrition and lifestyle subjects. Similarly, companies that produce plant protein-containing goods advertise their products using a variety of media, including as websites, periodicals, and marketing campaigns, in an effort to build customer demand for these products.

These strategies of players primarily focus on new product development and enhanced safety, effectiveness and primarily health benefits such as the ability to lower cholesterol, lower body weight, and lower blood pressure levels. This is expected to aid in market growth in the region.

Also consumers have become increasingly conscious about the food they eat. Rumors linking coronavirus with consumption of meat and meat protein are likely to influence their perception regarding food they eat. As a result of this, the demand for plant-based protein is likely to surge in the coming years.

Who is winning?

Some of the major players in the plant-based protein that are covered in this report are Glanbia Plc, Archer-Daniels Midland Co., Roquette Freres, Cargill Incorporation, Burcon Nutrascience Corporat, E.I. du Pont de Nemours & Co, Cosucra Groupe Warcoing, Ingredion Inc, and CHS Inc, AGT Food & Ingredients, Inc.

These market players have a strong networked and secure clientele with main focus on increasing its product offering and portfolio with complete solutions to its customers including production, formulation of blend, packaging and transportation as well.

In addition to this, market players are more into mergers and acquisition to improve their product offering. Companies intend to expand their regional footprint through strategic collaborations.

In February 2017, Glambia Plc acquired two companies — Body & Fit and Grass Advantage LLC protein ingredient manufacturers in the U.S. and Netherlands respectively. Both the company have a strong tactical fit with Glanbia’s Performance Nutrition (GPN) division and will prolong its reach to wider channels and new consumers.
In August 2017, Archer Daniels Midland Company expanded its line of plant-based functional extracts by including an antioxidant blend, green tea, and acerola for application in a wide variety of food, drinks, and supplement applications
In March 2017, Cargill started production of pea protein ingredients through partnership with World Food Processing, which is a multi-generation, family-owned business based in Oskaloosa, U.S., that has developed non-bioengineered/non-GMO pea seed varieties to minimize off-flavors

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PLANT-BASED PROTEIN MARKET SEGMENTATION

The global Plant-based protein Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type:

Soy Protein
Wheat Protein
Pea Protein
Others

Form:

Isolates
Concentrates
Hydrolysates

Nature:

Organic
Conventional

Application:

Nutritional Products
- Sports Nutrition
- Medical Nutrition
- Infant Nutrition
Bakery
Snacks & Cereals
Dairy
Confectionary and Dessert
Convenience Food
Beverages
Animal Feed
Others

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Frequently Asked Questions

How much is the plant-based protein market currently worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Plant-based protein sales?
How are market players reacting to the new developments in the market?
Which is the largest segment by type?
Which are the major countries driving demand for plant-based protein?
Who are the major players in the Plant-based Protein Market?
At what level does the report reflect pricing analysis?

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Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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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Canned Seafood Market Soars to US$ 48.2 Billion by 2033: Exploring Growth Drivers, Sustainability Initiatives

The global canned seafood market is projected to have a moderate-paced CAGR of 3.7% during the forecast period. The current valuation of the canned seafood market is US$ 33.6 billion in 2023. The value of the canned seafood market is anticipated to reach a high of US$ 48.2 billion, by the year 2033.

Demand for unique and uncommon culinary items grows in tandem with rising consumer spending power. Commercial opportunities have arisen as a result of the use of various types of seafood in restaurants and hotels in the United States. Because of the growing popularity of plant-based seafood, the canned seafood market is expected to grow.

The canned seafood market is rapidly expanding due to the convenience, increased shelf life, and nutritional benefits that canned seafood products bring. Rising customer demand for ready-to-eat and portable options, combined with greater awareness of the health advantages of seafood, is propelling market growth.

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For instance, a Bloomberg Intelligence analysis projects stated that the market for canned fish made from plants would increase from US$ 30 billion in 2020 to US$ 162 billion in 2030.

In response to increased demand for seafood alternatives, scientists and marketers are inventing healthy, plant-based fish that tastes authentic. Karavela, for example, will launch a line of canned seafood made from yellow peas in December 2021.

Plant-based fish are gaining popularity among both small and large enterprises. Atlantic Natural Foods debuted a soy, yeast, and sunflower extract tuna alternative. Furthermore, in January 2020, Good Catch acquired US$ 32 million in funding for their plant-based seafood, while Impossible Foods announced in 2019 that company is working on plant-based fish.

Customers are increasingly preferring sustainably sourced fish as consumer knowledge of environmentally and socially responsible seafood buying rises. As a result, more canned salmon companies are striving to source raw materials from fisheries certified by the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC) in order to support the sustainable movement (ASC). It also resulted in an increase in canned fish sales.

Numerous manufacturers and distributors are concentrating on sales through online channels and e-commerce platforms as a result of customers’ increased interest in and preference for online shopping, which is being fueled by convenience. Therefore, brands like F.C.F. Fishery’s Bumble Bee and Dongwon Group’s StarKist are working more and more closely with online retailing businesses like Amazon, Alibaba, ASDA, and Waitrose & Partners to offer items on their e-commerce platforms. Additionally, business-to-business (B2B) and business-to-consumer (B2C) activities are supported through the internet and e-commerce platforms. In addition, new companies are enhancing logistics and the supply chain to assist in the hassle-free delivery of canned seafood to customers.

However, during the projection period, illegal fishing and overfishing may provide a significant threat to the canned seafood industry. Despite being the market’s main driver, commercial fishing has had a negative impact on fish stocks. Thus, it has caused overfishing and the depletion of fisheries.

Key Takeaways:

Over the forecast period, the United Kingdom is anticipated to occupy a significant portion of the global canned seafood market. By purchasing fish solely during its season, British businesses are setting the standard for canning mackerel, tuna, sardines, anchovies, and salmon. Additionally, they obtain it mostly from the world’s most eco-friendly fisheries.
The canned seafood market in the United States is expected to grow significantly, over the projection period. All of the seafood that the key players buy comes from small-scale fishing villages in the United States, as well as Canada. They solely deal with fisheries that are managed responsibly to benefit both the environment and workers.
The caviar product category is anticipated to generate the most revenue throughout the course of the projection period because pharmaceutical businesses use it and the different extracts from its products to create tablets, capsules, and liquid medicines that assist patients overcome inadequacies.
As they offer discounts and deals to improve their sales results, the hypermarkets/supermarkets sales channel type, and is the most creative segment for key companies, accounting for a sizable portion.

Competitive Landscape:

The global canned seafood market is divided as a result of the presence of both international and local competitors. Significant market share is held by several corporations in their specialized industries. Leading firms frequently value organic developments, such as product approvals and the rise in demand for foods derived from animals, fats and oils, refined grains, and fruits and vegetables. The canned seafood market throughout the world is predicted to grow significantly as a result of these causes.

Key Players:

Nueva Pescanova
Marine Harvest ASA
Thai Union Frozen Products
Royal Greenlands
StarKist Co.
Nippon Suisan Kaisha Ltd.
Maruha Nichiro Corporation
Icicle Seafoods Inc.
LDH (La Doria) Ltd.
Wild Planet Foods
American Tuna Inc.
Universal Canning Inc.
Tri Marine Group
Trident Seafoods Corporation
Connors Bros. Ltd.

Recent Developments:

In May 2019, Rio de Oro, a Moroccan manufacturer of frozen fish, introduced a line of canned fish with a focus on the European market.
In August 2020, Golden Gate Capital and Thai Union Group PCL had agreed to sell each other the remaining stock interest in Red Lobster Seafood Co. Orlando is likely to continue to house Red Lobster’s headquarters.

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Key Segments

By Product Type:

Caviar
Mackerel
Salmon
Sardines
Tuna
Others

By Sales Channel:

Hypermarkets/Supermarkets
Convenience Stores
Independent Grocery Stores
Specialty Stores
Online Retail

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Author

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Rising Environmental Consciousness Fuels Botanical Packaging Market Growth, Reducing Carbon Footprint and Plastic Dependency

The future growth prospects for the botanical packaging market appear promising, driven by several key factors that underscore its role in environmental sustainability and consumer preference for eco-friendly alternatives. With rising environmental concerns and a growing emphasis on reducing carbon footprint, botanical packaging is gaining traction as a viable solution compared to traditional plastic packaging.

The increasing adoption of botanical packaging by manufacturers, driven by its recyclability and reduced environmental impact, is expected to further boost market growth. Additionally, the easy availability of raw materials such as corn starch and sugarcane globally enhances the feasibility and scalability of botanical packaging solutions.

As the demand for sustainable packaging options expands across various industries including food & beverage, healthcare, and cosmetics, the botanical packaging market is poised to witness lucrative growth opportunities. Moreover, stringent government regulations aimed at reducing plastic usage are likely to drive accelerated adoption of botanical packaging, cementing its position as a preferred choice for environmentally-conscious consumers and businesses alike.

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Future Growth Opportunities:

Sustainable Packaging Solutions: As consumer awareness about environmental issues increases, there will be a growing demand for botanical packaging made from renewable and biodegradable materials. Companies investing in eco-friendly packaging alternatives will likely see significant growth opportunities.
Customization and Personalization: Consumers are increasingly seeking personalized and unique experiences. Customized botanical packaging solutions that cater to individual preferences and tastes will likely gain traction in the market, offering opportunities for companies to differentiate themselves and capture niche markets.
Innovative Design and Functionality: There is a rising interest in innovative packaging designs that not only enhance the aesthetic appeal but also improve functionality and convenience. Botanical packaging solutions that offer innovative features such as resealable closures, portion control, and easy-to-use designs are expected to experience growth in demand.
Health and Wellness Trends: With a growing emphasis on health and wellness, botanical packaging that aligns with natural and organic product offerings will witness increased demand. Packaging solutions that highlight the health benefits and nutritional value of botanical ingredients are likely to appeal to health-conscious consumers, driving market growth.
E-commerce Expansion: The rise of e-commerce platforms has transformed the retail landscape, creating new opportunities for botanical packaging manufacturers. As more consumers turn to online shopping, there will be a growing need for packaging solutions that are durable, lightweight, and aesthetically pleasing to enhance the online shopping experience.

Trends in the Botanical Packaging Industry:

Shift Towards Biodegradable Materials: The botanical packaging industry is witnessing a shift towards biodegradable materials such as compostable plastics, paper-based packaging, and plant-based polymers. This trend is driven by increasing environmental concerns and regulatory pressures to reduce plastic waste.
Integration of Smart Packaging Technologies: Smart packaging technologies such as QR codes, NFC tags, and RFID sensors are being integrated into botanical packaging to provide consumers with access to product information, authentication, and interactive experiences. This trend enhances transparency and traceability throughout the supply chain.
Emphasis on Minimalist and Sustainable Designs: Minimalist packaging designs that prioritize simplicity, functionality, and sustainability are gaining popularity in the botanical packaging market. Brands are opting for clean and minimalist packaging aesthetics to communicate eco-conscious values and enhance brand image.
Collaborations and Partnerships: Collaboration among botanical packaging manufacturers, suppliers, and retailers is becoming increasingly common to drive innovation and address sustainability challenges collectively. Partnerships enable shared resources, expertise, and technologies to develop more sustainable packaging solutions.
Rise of Circular Economy Initiatives: The adoption of circular economy principles within the botanical packaging industry is growing, with a focus on designing packaging that can be reused, recycled, or composted at the end of its lifecycle. Companies are exploring closed-loop systems and circular supply chains to minimize waste and maximize resource efficiency.

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Key Segments Profiled in the Botanical Packaging Market

Packaging Type:

Bags
Boxes
Pouches & Sachets
Bottles & Jars
Cans
Tins
Others

End Use:

Cosmetics
Personal Care
Food & Beverages
Pharmaceutical

What are the Factors Driving Sales in Asia Pacific Botanical Packaging Market?

Increasing production capacities of botanical packaging in emerging countries such as China and India is a major factor facilitating the growth in Asia Pacific.

Besides this, concerns related to environmental sustainability among the consumers and manufacturers is pushing the adoption of botanical packaging in India, China, and Japan. Subsequently, rapid urbanization and demand for single-serving and on-the-go style food and beverage products will boost the sales of botanical packaging in the region.

Botanical Packaging Market: Key Players

SWM
Farmacy, Inc.
Bahen & Co.
Dieline Media, LLC
NEST Fragrances, LLC
DBD international
Purdey Company
Vegware Inc.

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Key Reasons to Buy This Report-

• The report provides a qualitative and quantitative analysis of the Botanical Packaging market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics.

• The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level.

• In-depth analysis of the Botanical Packaging market segmentation based on technology, industry vertical, substrate, and application.

• Major countries in each region with their import/export statistics.

• The Botanical Packaging market report also includes analyzing of the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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From Food to Pharmaceuticals: Linear Net Weighing Machines Market Surges with US$ 4.74 Billion Outlook by 2032, Fueled by Robust Growth in Diverse Industry Applications

The linear net weighing machines market is poised for steady growth, with an anticipated average compound annual growth rate (CAGR) of 3.1% throughout the forecast period. Presently valued at US$ 3.54 billion, the market is forecasted to expand to US$ 4.74 billion by 2032.

Linear net weighing machines streamline handling processes by accurately weighing free-flowing products swiftly and precisely. Their compact design and user-friendly functionality make them suitable for small spaces while ensuring durability for long operational life, contributing to increased sales.

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The demand for linear net weighing machines is further propelled by their low maintenance requirements, easy cleaning procedures, and precise weighing capabilities. Their applicability spans across diverse industries including food, pharmaceuticals, cosmetics, personal care, and chemicals, broadening their market reach.

Notably, the robust growth of the food industry worldwide is expected to drive substantial demand for linear net weighing machines in the foreseeable future. Their efficiency in handling high production outputs has garnered acceptance in the fast-moving consumer goods (FMCG) sector, further fueling demand.

Overall, the versatility, efficiency, and reliability of linear net weighing machines position them as essential equipment across various industries, contributing to sustained market growth and expanding their role in enhancing operational efficiency and productivity.

Future Growth Opportunities:

Automation Integration: As industries increasingly adopt automated processes, there is a growing demand for linear net weighing machines that seamlessly integrate with automated production lines. Companies that can offer advanced automation features and compatibility will have a competitive edge.
Enhanced Accuracy and Precision: There is a continuous need for higher accuracy and precision in weighing processes across various industries such as food and beverage, pharmaceuticals, and chemicals. Manufacturers investing in research and development to improve the accuracy and precision of linear net weighing machines will attract more customers.
Expansion in Emerging Markets: Emerging economies are witnessing rapid industrialization, which drives the demand for efficient weighing solutions. Companies focusing on expanding their presence in emerging markets by offering cost-effective and technologically advanced linear net weighing machines will experience significant growth.
Customization and Flexibility: Industries often require customized solutions to meet specific production requirements. Manufacturers offering flexible and customizable linear net weighing machines that can adapt to diverse production environments will capture a larger market share.
Integration of IoT and Data Analytics: Integration of Internet of Things (IoT) technology and data analytics into linear net weighing machines enables real-time monitoring, predictive maintenance, and optimization of weighing processes. Companies investing in IoT-enabled weighing solutions will cater to the increasing demand for data-driven insights and efficiency improvements.

Industry Trends:

Rise of Industry 4.0: The implementation of Industry 4.0 principles, including automation, data exchange, and smart manufacturing, is transforming the weighing machinery industry. Linear net weighing machines equipped with smart features like remote monitoring and predictive maintenance are gaining traction.
Focus on Hygiene and Sanitization: With the growing emphasis on hygiene and sanitization, industries such as food and pharmaceuticals prioritize equipment that is easy to clean and maintain. Manufacturers are developing linear net weighing machines with sanitary designs and materials to meet stringent hygiene standards.
Sustainability Initiatives: Sustainability is becoming a key concern for industries worldwide. Manufacturers are developing eco-friendly linear net weighing machines with reduced energy consumption and materials that are recyclable or biodegradable, aligning with the sustainability goals of various industries.
Advancements in Weighing Technology: Continuous advancements in weighing technology, such as the integration of load cells, digital signal processing, and advanced algorithms, are enhancing the accuracy, speed, and reliability of linear net weighing machines, leading to improved productivity and efficiency.
Regulatory Compliance and Standards: Compliance with industry regulations and standards, particularly in highly regulated sectors like pharmaceuticals and food, is driving innovation in linear net weighing machines. Manufacturers are focusing on ensuring their products meet the latest regulatory requirements regarding accuracy, calibration, and documentation.

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Key players:

Tridyne Process Systems,
Linapack,
Pxiom Group,
Coastal Counting & Industrial Scales Inc,
Unitech and Zhongshan Multiweigh Packaging Machinery Co Ltd

Recent Market Development:

Tridyne process systems have launched new types of linear net weighing machines that hold new advanced processes and are more dependable, increasing the sales of linear net weighing machines.
Unitech Filling System has upgraded the process and functioning and has introduced a new series of linear net weighing machines, increasing the sales of linear net weighing machines into a new market.

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Key Segmentation:

By Automation Type:

Automatic
Semi-automatic

By Heads:

Single Head
Multiple Head

By Weighing Range:

Up to 500 grams
501 – 1000 grams
1001 – 2000 grams
2001 – 3000 grams
More than 3000 grams

By End-use Industry:

Food – Grains & Seeds
Tea & Coffee
Dairy Products
Meat
Poultry
Seafood
Cosmetics & Personal Care
Pharmaceuticals
Chemical &Fertilizers

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Freight Management Software Market Set for a 6.4% CAGR, Projected to Reach US$ 17.7 Billion by 2032

The freight management software market is expected to escalate at a CAGR of 6.4% from USD 9.6 billion in 2022 to USD 17.7 billion through 2032.

There has been a supply chain disruption in several industries, including pharmaceuticals, automotive, and electronics, due to the Coronavirus pandemic. China’s major container ports were experiencing a backlog of charges because of a shortage of truck drivers to pick up containers despite travel restrictions. There have also been some cancellations of ocean shipping routes by shipping companies in order to limit the spread of the virus, which may also inhibit the demand for freight transportation and distribution systems.

Increasing visibility of the supply chain is likely to lead to the growth of the freight management software market. As companies continue to grow in the Freight management software market, they turn to technologies to help them track, trace, secure, and control their in-transit cargo. It is expected that, during the forecast period, the market for third-party logistics services will grow at a fast rate due to the fact that freight management systems are employed in that segment.

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In addition to the higher growth rate, the free-tailoring policy implemented by several countries around the world has been attributed to the increase in growth. Similarly, the rapid rise in demand for on-time shipment of products & raw materials, as well as a growing need for warehouse efficiencies, has also contributed to the growth of freight management systems in the third-party logistics industry.

Due to technological advancements and increasing digitization, organizations today generate an enormous amount of data but struggle to use it to their advantage. Through big data analytics, logistics companies can improve operational efficiencies and customer satisfaction over time while reducing costs.

Owing to the rapid increase in big data applications, it became necessary to develop newer technologies to optimize cost efficiency. Therefore, these factors may lead to an increase in demand for analytical platforms and data storage centres in the freight management software market.

Businesses within the freight management software market are working on launching new products, expanding their operations, and building strategic partnerships with other manufacturers. Furthermore, key players are expanding their manufacturing capabilities, product lines, and global presence. Leading freight management software manufacturers dedicate time and resources to researching and developing innovative products.

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KEY TAKEAWAYS:

The freight management software market is predicted to develop at a CAGR of 6.6% in the deployment section of the cloud category.
The CAGR for the land transportation segment of the end-user category in freight management software market is anticipated to be 6.2% through 2032.
In the United States, the freight management software market is estimated to reach US$ 6.2 billion by 2032, rising at a CAGR of 5.9% throughout the forecast period.
By 2032, the freight management software market in the United Kingdom is expected to be valued US$ 777.9 million, with a CAGR of 5.5% through 2032.
With a CAGR of 5.8% throughout the forecast period, China is expected to reach a market size of US$ 1.2 billion in freight management software market by 2032.
By 2032, the freight management software market in Japan is estimated to be worth US$ 1.0 billion, growing at an annual rate of 4.8% through 2032.
With a CAGR of 4.6% throughout the forecast period, South Korea is predicted to reach a market size of US$ 606.7 million in freight management software market by 2032.

COMPETITIVE LANDSCAPE:

From a geographical standpoint, North America is expected to hold the largest market share during the forecast period. This has been facilitated by the adoption of freight management solutions and services by many users of the region. A high level of technological adoption and the presence of leading solutions providers are factors contributing to the growth of the North American freight management system market in the near future.

In North America, there are also large numbers of freight management software’s being adopted by two countries: the US and Canada. Because of its well-established and sustainable economy, the US is expected to be the largest player in the market, largely due to its massive investment in research and development activities, which will lead to the implementation of new products and services.

Freight management software’s are manufactured and marketed by Accenture PLC, C.H. Robinson Worldwide, Inc. (TMC), Ceva Logistics, Db Schenker, The Descartes System Group Inc.

Key Segments

By Type:

On-Premise
Cloud

By Application:

Aviation Transportation
Land Transportation
Maritime Transportation
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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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Global Test and Measurement Sensors Market Set to Soar, Predicted Value Reaches US$ 12.6 Billion in 2023

Global test and measurement sensor sales were projected to reach $12,608,8 million by 2023. The growing frequency of cardiovascular illnesses, the need for less invasive treatments, and increased funding from public and commercial organisations for the healthcare sector are all driving growth in the market for test and measurement sensors.

It is anticipated that the test and measurement sensors market would reach approximately US$ 24,648.8 million by 2033, with a compound annual growth rate (CAGR) of 6.9% from 2023 to 2033.

Accurate measurement and thorough testing of parts and systems have become necessities in real-world scenarios where applications such as cars and precision electronics strive for granular effectiveness.

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Test & Measurement sensors are an important part of Quality Check and Product Development process for any manufacturer. Test & Measurement sensors deployed at diverse testing environments measure equipment based on set parameters to evaluate their fit to the desired quality standards. Test & Measurement sensors also help manufacturers find defects in their test products and evaluate the feasibility of products as per probable use cases.

Test & Measurement sensors can also be used measure a product’s response in recreation of scenarios that a product under testing might face during a deployment. Test & Measurement Sensors are thus used heavily in manufacturing of cars where crash testing is extremely important for determining passenger safety.

Test & Measurement Sensors Market: Drivers & Challenges

Regulatory bodies across the world have started implementing stricter regulations on the quality of products. Manufacturers that either have global presence or are planning to expand their presence across geographies are scrambling to meet the quality standards specified by the respective regulatory bodies. The need to fulfil strict requirements put forward by regulatory bodies is thus driving the need for Test & Measurement sensors globally.

However, with the increase in the need of precision and accuracy, manufacturing technologies have also advanced considerably and the availability of high precision manufacturing processes has resulted in enhancement of the output. The improvement in output quality across industries has thus resulted in reduction of dependency on test & measurement sensors and systems.

Test & Measurement Sensors Market: Regional Overview

Manufacturing based economies of China & India in Asia Pacific are expected to make major contributions to the Test & Measurement Sensor markets and the region is expected to lead the market in terms of growth.

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Test & Measurement Sensors Market: Competitive Landscape

Test & Measurement Sensors Market :Key Contracts/Agreement/Acquisitions

In August 2017, Kistler Group, a Test & Measurement Sensor provider acquired Vester Elektronik GmbH, which is an optoelectronic sensors provider.

Test & Measurement Sensors Market : Key Players

Some prominent players in the Test & Measurement Sensors market are Honeywell International Inc., Kistler Group, Hoskin Scientific, TE Connectivity Corporation, FUTEK Advanced Sensor Technology, Inc, Tekscan, Inc., Spectris PLC, ROHDE&SCHWARZ, PCB Piezotronics, Inc, Hydrotechnik UK Ltd & KEYENCE CORPORATION.

The report covers exhaustive analysis on

Test & Measurement Sensors Market Segments

Test & Measurement Sensors Market Dynamics
Historical Actual Market Size, 2012 – 2014
Test & Measurement Sensors Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Test & Measurement Sensors Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Test & Measurement Sensors Market Drivers and Restraints

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Key Segments Of The Test And Measurement Sensors Market

By Sensor Type:

Load Measurement Sensors
Pressure Measurement Sensors
Torque Measurement Sensors
Displacement Measurement Sensors
Accelerometers

By Application:

Automotive
Aerospace & Defense
IT & Telecommunications
Semiconductor & Electronics
Healthcare
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Author:

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Nandini Singh Sawlani

AC-DC Controller Market Surges: Valued at US$ 6.94 Bn in 2023, Expected to Double by 2033 with a 7.7% CAGR

The global AC-DC controller market is anticipated to be worth US$ 6,943.6 million in 2023 and is forecasted to increase to US $14,624.3 million by 2033. This represents a Compound Annual Growth Rate (CAGR) of 7.7% over the forecasted period.

The AC-DC controller industry is observing high demand from the consumer electronics industry. The supporting factors for the AC-DC controller industry are the demand for energy-saving products and the development of IT and telecommunications industries.

Increasing applications of AC-DC controllers in end-use industries like automotive, medical, IT and telecommunication, and defense are expected to propel market growth. Another factor that is projected to have a positive influence on market development includes a growing emphasis on the upgrade of extant industrial chains.

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In September 2022, an official from China’s Ministry of Industry and Information Technology announced that the government is going to uplevel its efforts to upgrade its storage, computing, and display industrial chains. Additionally, the development and integration of new technology are also expected to boost the consumption potential of the information industry.

Increasing deployment of AC-DC controllers in medical devices is projected to augment market statistics. Technical advances in medical equipment are paving opportunities for market players to expand. Manufacturers are further concentrating on designing and creating a multi-output power supply that can cater to the dual purpose of delivering DC and AC outputs of different values for deployment in medical equipment and other laboratory and domestic experimental purposes.

Top Highlights from the FMI’s Analysis of the AC-DC Controller Market:

The North American AC-DC controller industry acquired a maximum share of 29.4% in the global market.
The European region, behind North America by a mere 4%, gained a 25.6% market share in 2022.
The United States AC-DC controller industry procured a value share of 19.6% in the historical period.
The German AC-DC controller industry obtained a 10.4% market share in 2022.
The Japan AC-DC controller industry acquired a 5.5% value share in 2022.
The Australia AC-DC controller industry procured a market share of 3.2% in 2022.
The India AC-DC controller industry to projected to thrive at a CAGR of 7.6% over the forecast period.
The United Kingdom AC-DC controller industry is expected to record a CAGR of 6.5% over the assessment period.
The China AC-DC controller industry is anticipated to register a CAGR of 4.5% over the upcoming period.
Isolated AC-DC controllers gained a 65.5% market share in 2022.
The industrial applications segment, under the application category, gained a 34.4% value share in 2022.

“The AC-DC Controller market continues to exhibit robust growth, as elucidated by our recent market research study, With increasing demand for energy-efficient solutions in various industries, the market is witnessing a surge in the adoption of advanced AC-DC controllers. This trend is expected to persist as companies strive for improved power management and sustainability in their operations.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

How are Companies of AC-DC Controller Extracting Large Revenues?

Top businesses in the market are engaged in introducing approaches like targeted marketing, CSR programs, etc. A key trend spotted in the competitive landscape is to establish businesses in a country that has favorable policies. This is projected to enable businesses to reduce costs, meanwhile commissioning industry specialists at every crucial point of their respective organization.

Authoritative bodies in emerging nations like China, India, Indonesia, Taiwan, etc., are implementing policies to interest foreign investors in their respective manufacturing sectors.

Many top players in the market are now concentrating their efforts on setting-up effective acquisitions, joint ventures, and collaborations to enlarge their customer base. Through these measures, players stand to widen their target bases by being capable enough to serve on a domestic and global level.

The rapid surge in the business prospects from emerging nations is expected to further fuel the market development over the forthcoming years.

Leading Key Players:

ON Semiconductor
NXP Semiconductors
Infineon Technologies, Inc.
Texas Instruments Incorporated
Diodes Incorporated
Campbell Scientific, Inc.
ROHM Semiconductor
Richtek Technology
Curtiss-Wright

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AC-DC Controller Market Segmentation:

By Type:

Isolated AC-DC Controllers
Non-isolated AC-DC Controllers

By Output Power:

0 to 25 W
25 to 50 W
50 to 75 W
75 to 150 W
15 to 500 W
More than 500 W

By Application:

Automotive Applications
Industrial Applications
Commercial Applications
Healthcare
Other Applications

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East & Africa

Author:

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Cattle Grooming Chute Market Aims for US$ 787 Million Valuation by 2033, Sustaining a Steady 5% CAGR

The cattle grooming chute market is poised for significant expansion, as emphasized by insights from Future Market Insights (FMI). Projections indicate a substantial rise in revenue, progressing from US$ 483 million in 2023 to an impressive US$ 787 million by 2033. This commendable growth trajectory is supported by a consistent Compound Annual Growth Rate (CAGR) of 5% throughout the forecast period.

The increased demand for cattle grooming chutes is driven by a combination of factors, reflective of the evolving dynamics in the dairy and livestock sectors. Notably, the global dairy cattle population is on the rise, fueled by the adoption of advanced agricultural practices among farmers. This surge in cattle numbers necessitates effective cattle management solutions that not only boost productivity but also prioritize the welfare of the animals.

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Additionally, there’s a growing awareness of the importance of low-stress cattle handling and hygiene in the industry. As the dairy sector expands, the focus on the health and comfort of cattle is becoming paramount. This shift is driving innovations in cattle squeeze chutes and grooming systems, ensuring that they are not only efficient but also gentle on the animals.

The growth of the cattle grooming chute market exemplifies the industry’s commitment to enhancing both productivity and animal welfare. As the dairy and livestock sectors continue to evolve, these solutions are instrumental in promoting efficient and humane livestock management practices. The market’s promising trajectory underscores its essential role in shaping the future of agriculture and livestock care.

Even experienced ranchers face difficulty raising, controlling, and grooming their cattle herds. From a distance, cattle often appear to be fairly calm, obedient, and placid. But when handled and given a shower, the cattle typically act in a completely different way.

Ranchers have long used cattle chutes to move and transport their livestock quickly and efficiently. Similarly, grooming chutes make it simpler for farmers to properly prepare their calves for livestock fairs.

Farmers are increasingly favoring the cattle grooming chute since it is difficult to control cattle when showering them because they are usually brave but also highly recalcitrant. Cattle, on the other hand, are susceptible to numerous illnesses. Therefore, it is crucial to practice proper hygiene. Cattle grooming chutes can make the chore of grooming the cattle much easier.

Key Takeaways:

The market in the United Kingdom is anticipated to grow at a CAGR of 5.4% through 2033.
The United States dominated the market in 2022, holding a 30.5% share of the global market.
The market in China is expected to grow at a CAGR of 4.0% over the forecast period.
Germany accounted for 19% of the global market in 2022.
Japan held a 5.3% share of the global market in 2022.

Competitive Landscape:

To increase their market share in the global cattle grooming chute market, these companies have used several tactics. Using both organic and inorganic development techniques, such as the launch of new goods, acquisitions, corporate expansions, and partnerships, they have increased their clientele and revenue.

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Key Players:

Zaklady Metalowe w Przysiekach Sp. z o.o
Arrowquip
Vansun Technologies Private Limited
Ramgaria Engg Works
Priefert
FARMTEC
Saralagro
Nasco
Provico
Dslivestock
high land livestock supply
hi-hog
Zeitlow Distributing Company

Market Segments Covered in Report:

By Size:

6 Feet
7 to 8 Feet
Above 8 Feet

By Material:

Aluminum
Steel

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Real Estate InsurTech Market Surges to $2.8 Billion in 2023, Forecasting a Remarkable CAGR of 22.6% by 2033

Future Market Insights estimates that the size of the worldwide real estate insurtech market was US$ 1 billion in 2018. Demand for real estate insurtech grew by 21.0% in 2022 compared to the previous year, and as a result, it is projected that the worldwide market would reach US$ 2.8 billion in 2023. The market value of real estate insurtech solutions in the area is expected to reach US$ 21.6 billion by the end of the year, growing at a 22.6% CAGR from 2023 to 2033.

Real estate insurtech is the term for the combination of technology and insurance in the real estate industry. Combining the words insurance and technology, insurtech refers to the use of state-of-the-art technologies to enhance and expedite insurance procedures.

The fusion of technology and insurance within the real estate sector is referred to as the “real estate insurtech market.” The term “insurtech,” a combination of the words “insurance” and “technology,” refers to the application of cutting-edge technologies to improve and simplify the insurance business. As they provide better risk management, streamlined operations, greater customer experiences, and more efficiency in the real estate insurance sector, these elements collectively contribute to the growing demand for real estate insurtech solutions.

Real Estate InsurTech provides digital platforms and technologies that streamline insurance procedures, deliver up-to-the-minute data, and enable customised insurance solutions, all of which improve the entire customer experience.

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Top Region Driving Market Growth

The report identifies North America as the leading region in the Real Estate InsurTech Market. The region’s dominance can be attributed to the high adoption rate of technological advancements in the real estate sector and the presence of major players in the InsurTech industry. Additionally, the Asia-Pacific region is experiencing significant growth, fueled by the increasing investment in real estate development and the rise in demand for innovative insurance solutions.

Key Players in the Real Estate InsurTech Technology

Lemonade
Hippo Insurance
Jetty
Slice
Metromile

Key Developments in the Real Estate InsurTech Market:

Obie, an InsurTech company specializing in real estate insurance, has successfully raised $25.5 million in a recent funding round led by Battery Ventures. With this latest funding round, Obie has experienced significant growth, surpassing its previous achievement of securing insurance for properties valued at over $3 billion.
Plug and Play Tech Center, the world’s largest innovation platform located in Silicon Valley, has announced the extension of its partnership with Grupo Nacional Provincial (GNP), the largest insurance company in Mexico. By collaborating with Plug and Play, GNP gains a distinctive chance to offer innovative and novel services to its customers, furthering its digital transformation objectives.
Hippo Enterprises Inc., a pioneering home insurance group known for setting a higher bar of care and protection for homeowners, has reached a definitive agreement with Reinvent Technology Partners, a special purpose acquisition company (SPAC) focused on an approach called venture capital at a scale. Once the transaction is finalized, the resulting company will become publicly traded, marking an important milestone in their business partnership.

Other Drivers Propelling the Demand for Real Estate InsurTech include:

The intricate nature of real estate transactions and risks associated with property ownership drive the demand for technology-driven solutions to streamline insurance processes.
Customers expect personalized and seamless experiences. Real estate insurtech solutions cater to these expectations by offering user-friendly platforms, customization options, and real-time information.
Advancements in AI, ML, data analytics, and IoT enable more accurate risk assessments, automation, and improved decision-making, driving the adoption of real estate insurtech solutions.
Changing regulations in the insurance and real estate industries create a need for innovative solutions to comply with evolving requirements, leading to the adoption of real estate insurtech.

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Segmentation Analysis of the Real Estate InsurTech Market

By Insurance Type:

Property Insurance
Liability Insurance
Renters Insurance
Flood Insurance
Earthquake Insurance

By Application:

Personal
Business

By Technology:

Blockchain
IoT
Machine Learning
Cloud Computing
Others

By Region:

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

Author:

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Commercial Oil Extraction Machine Market Poised to Surpass US$ 17,133.9 Million Valuation by 2033, Propelled by a Steady 3.8% CAGR

The commercial oil extraction machine market anticipated the valuation of US$ 11,800 million by 2023. Looking ahead, the market is positioned for sustained growth with a robust Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2033, projecting an impressive overall value of US$ 17,133.9 million by the year 2033.

Commercial oil extraction machines, available in a multitude of sizes and configurations, are intricately engineered to ensure efficient production and extraction of oils from a diverse array of sources. Whether extracting rich, aromatic oils from almonds, capturing the golden essence of sunflower seeds, or preserving the robust flavor of soybean seeds, these machines offer global producers versatility and reliability in their operations.

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Key Catalysts for Global Growth in the Commercial Oil Extraction Machine Market:

Surge in Global Oil Production and Export: The burgeoning worldwide production and export of diverse oil types, spanning vegetables, nuts, almonds, and sunflowers, stands as a major impetus propelling the commercial oil extraction machine market’s expansion.
Versatile End-User Applications: Commercial oil extraction machines cater to an array of sectors, including oil mills, pharmaceutical firms, food processing entities, and the personal care and cosmetics industry. The widespread adoption across varied domains contributes significantly to market augmentation.
Expanding Sectors Demand: The amplified presence of sectors like pharmaceuticals, food processing, and cosmetics fuels the requisition for commercial oil extraction machines. As these industries continue to grow, the market for these machines is expected to exhibit parallel expansion.
Emerging Economic Forces: The escalating oil production and export in emerging economies like India and China exert considerable influence on the commercial seed oil extraction machine demand dynamics.
Sustained Industry Trend: The ongoing trend of heightened global oil production and export is anticipated to persist over the forecast span, thereby nurturing the demand for commercial oil extraction machines.
Diverse Applications: The multifaceted nature of commercial oil extraction machines, capable of extracting oils from a wide spectrum of sources, bolsters their demand across diverse industries and geographical regions.
Rising Consumer Need: The escalating consumer demand for a myriad of oils, spanning various sources, bolsters the necessity for efficient commercial oil extraction machines.
Technological Progression: Innovations in technology and machine design have culminated in the creation of more efficient and potent commercial oil extraction machines, thus further propelling market growth.

Key Insights from the Commercial Oil Extraction Machine Market Analysis:

Preference for Automated Machines: The forecasted period is expected to witness a notable upsurge in demand for automatic commercial oil extraction machines, surpassing other machine types.
Dominance of Vegetable Oil Segment: Within application domains, the vegetable oil segment retains a significant share in the global commercial oil extraction machine market.
Persistent North American Leadership: North America is foreseen to maintain its leadership position within the global commercial oil extraction machine market.
Steady Growth in Indian Market: The sales of commercial oil extraction machines in India are poised for consistent growth across the forecast period.
Measured Expansion in China: The commercial oil extraction machine market in China is projected to experience measured growth, characterized by a moderate Compound Annual Growth Rate (CAGR) until 2033.

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Who is Winning?

Leading players in commercial oil extraction machine market include Gobind Expellers Company, United Oil Mill Machinery & Spares Private Ltd., Shree Balaji Engineering Works, Shree Balaji Engineering Works, Goyum Screw Press, Goyum Screw Press, Shreeji Expeller Industries.

Commercial Oil Extraction Machine Market by Category:

By Type:

Semi-automatic
Automatic

By Capacity:

Below 25 Ton/Day
25 – 50 Ton/Day
Above 50 Ton/Day

By Application:

Vegetable Oil
Mustard Oil
Sunflower Oil
Coconut Oil
Peanut Oil
Others (Almond Oil, Sesame)

By End User:

Agriculture Sector
Pharmaceutical Industries
Food Processing Industries
Cosmetic Industries

By Region:

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

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Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani