Coconut Water Market: A Comprehensive Analysis of Trends, Growth Drivers, and Market Potential

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Coconut Water Market. The report features insights into the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2020 to 2030.

Future Business Insights’ research team is gathering data and conducting market studies in order to generate various Coconut Water Market estimates and predictions on a regional, national, and international scale. They investigated the Coconut Water Market and produced trustworthy and relevant insights by applying a number of business information sources, such as market statistics and merger estimates.

Because health-conscious clients choose natural, hydrating beverages, the market for coconut water is expanding rapidly. Coconut water is particularly popular due to its revitalising flavour, electrolyte content, and potential health advantages. As consumers become more aware of the nutritional benefits of the beverage, manufacturers are developing novel variations, propelling market growth in a number of countries throughout the world.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

Tropicana Products, Inc., a Bradenton, Fla.-based division of PepsiCo, introduced Tropicana Coco Blends.

Segmentation

Nature

  • Conventional
  • Organic

Application

  • Food
  • Bakery & Confectionery
  • Breakfast Cereal
  • Dairy Products
  • Sauces and Salads
  • Other Food Products
  • Beverages
  • Alcoholic Beverages
  • Tea & Coffee
  • Other Beverages
  • Cosmetics & Personal Care
  • Skin Care
  • Hair Care
  • Nutraceutical
  • Animal Feed & Pet Food
  • Retail

Flavour

  • Unflavored/Original
  • Flavored

Sales Channel

  • B2B/Direct
  • B2C/Indirect

Global

  • North America
  • Latin America
  • Europe
  • East Asia
  • Southeast Asia and Pacific
  • Middle East and Africa

Frequently Asked Questions

  • What is the size of the overall Coconut Water Market in the Food and Beverage Market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Coconut Water Market in the Food and Beverage Market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Coconut Water Market in the Food and Beverage Market?
  • What is the Coconut Water Market in the Food and Beverage Market size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Coconut Water Market in the Food and Beverage Market?
  • What are the recent trends in Coconut Water Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Coconut Water Market in the growth of the Food and Beverage Market?
  • What are the key market trends impacting the growth of the Coconut Water Market in the Food and Beverage Market?

Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources. We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players. Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Coconut Water Market Outlook & Key Findings

  • Future Market Insights (FMI) forecasts positive growth for global coconut water market at a CAGR of 10.5% between 2020 and 2030
  • Consumer preferences are shifting towards natural beverages hence big manufacturers are offering packaged coconut water drinks and beverages to gain traction
  • Over 70% of coconut water accounts for original/ unflavored. Despite availability in various flavors, regular coconut water will remain consumer favorite, accounting for nearly one-fourth of the market,  finds FMI

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.

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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Dairy Alternative Market: Expected to Reach US$ 46,832.6 Million by 2034, Analyzing Market Dynamics

The dairy alternative market is estimated to be valued at US$ 23,082 million in 2024. The demand for dairy alternatives is projected to rise at a CAGR of 7.3% from 2024 to 2034.

The better nutritional value and functional profile of plant-based dairy substitutes are predicted to be a key growth driver for the industry forecast. Nondairy beverages are regarded to be lower in nutrients than milk and dairy products. Aside from supporting lactose intolerant individuals in achieving their daily dietary needs, avoiding animal-based products lowers cholesterol.

Dairy alternatives encompass the sale of both items and services related to dairy. Dairy replacements are foods and beverages that can be consumed in place of dairy products. Plants are the source of grains (teff, quinoa), legumes (soy), seeds (hemp, flax), nuts (peanuts), and cereals (rice, oats).

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Dairy milk substitutes include soy milk, rice milk, oat milk, coconut milk, and flaxseed milk; cheese substitutes include soft and hard cheese; and butter substitutes include nut butter, coconut butter, vegetable oil blends, and cultured vegan butter.

Nondairy milk, butter, cheese, yoghurts, ice cream, and other products are among the most popular. Butter is made by churning cow’s milk cream into a solid emulsion of fat globules, water, and inorganic salts. Almond, soy, oats, hemp, coconut, rice, and other foods are dairy alternatives. Dairy substitutes can be found at supermarkets, health food stores, pharmacies, convenience stores, and online.

Misconceptions among consumers regarding the nutritional benefits of dairy replacements are projected to stymie business expansion. Dairy substitutes, according to many dairy consumers, are less nutritious than cow’s milk and other dairy products. According to the Cargill Study, only 4% of Americans consume only non-dairy meals, although dairy products are used in 90% of American households on a daily basis. As a result, future market growth will be impeded by a lack of public understanding of the nutritional benefits of dairy alternatives.

Key Points

  • The Dairy Alternatives Market is expected to develop at an 8.3% CAGR between 2023 and 2033.
  • More than 80% of Southeast Asians are lactose intolerant, according to the National Institutes of Health.
  • In the dairy substitutes market, the soy category held the biggest share.

Recent Developments

  • In July 2017, SunOpta sold equipment on one of two Lehigh Valley production lines.
  • April 2017 – Danone S.A. (France) was created by WhiteWave Foods Company, an industry entrepreneur. This acquisition will assist Danone S.A in focusing on increasing sales of factory-based products.
  • In December 2019, Nestle’s iconic health-drink brand Nesquik announced the debut of GoodNes, the company’s first plant-based health drink created from a blend of pea protein and oat milk. Nestle claims that its new dairy alternative health beverages have the same nutritional content as regular milk, including 2g of dietary fibre and 6g of protein per cup.
  • April 2022 – Wicked foods, Inc., an American plant-based food manufacturer, revealed its new line of plant-based ice creams and novelty goods.
  • January 2022 – Chobani LLC introduced a new range of four plant-based coffee creamers that are free of GMOs, artificial flavors, and sweeteners.

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Key Segments Covered in Dairy Alternatives Industry Analysis

By Source:

  • Soy
  • Almond
  • Rice
  • Coconut
  • Oats
  • Others

By Product:

  • Regular/ Unflavoured
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)
  • Flavored
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • Direct Sales/ B2B
  • Indirect Sales/ B2C
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Mass Grocery Retailers
    • Specialty Stores
    • Online Retail

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.

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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Sports Nutrition Market Surges to US$ 61.6 Billion by 2033: Exploring Emerging Trends, Competitive Landscape

The Sports Nutrition Market is experiencing remarkable growth, with its value increasing from US$ 24.8 billion in 2022 to US$ 26.7 billion in 2023. Projections are even more exciting, with an expected value of US$ 61.6 billion by 2033, representing an impressive 11.5% Compound Annual Growth Rate (CAGR) from 2023 to 2033.

Rising health consciousness, growing engagement in sports and fitness activities, and the need for specialised nutrition products among athletes and fitness enthusiasts are all contributing to this growth. As customers prioritise wellness and performance enhancement, the sports nutrition industry expands, providing a comprehensive selection of solutions to meet a variety of needs.

Future Market Insights (FMI), an ESOMAR-certified consulting organisation, expects the sports nutrition market to develop rapidly through 2021 and beyond. Demand for organic sports nutrition beverages will rise, boosting market sales.

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Online training facilities and health programmes have increased sales of ready-to-drink sports beverages as well as energy bars with an emphasis on sports nutrition. To take advantage of the opportunities that are currently available, manufacturers are working with local and regional fitness centres.

Key Takeaways from FMI’s Sports Nutrition Market Study

Trend for veganism and healthy lifestyle among fitness enthusiasts will drive the sales of plant-derived ingredient sports nutrition. This segment is expected to hold maximum share in the global market. In terms of nature, organic segment will exhibit higher growth as compared to conventional backed by the rising demand for natural and organic products For B2C, flavored sports nutrition beverages are expected to remain dominant throughout the forecast period Expansion of online fitness and retail channels will spur the sales of sports nutrition, exceeding a valuation of US$ 64.1 Bn by 2031 The U.S. is expected to be the most lucrative market across North America during the assessment period India will emerge as a lucrative market backed by the rising demand for organic sports nutrition products in the country

“Growing prevalence of obesity across the globe is pushing the people to opt for healthy lifestyle. With emergence of online fitness centers and health classes, manufacturers are forging partnerships and alliances with local and regional fitness centers generating lucrative revenues,” says the FMI analyst. 

Competitive Landscape

Nestlé S.A., Red Bull GmbH, Ajinomoto Co., Inc., Keurig Dr. Pepper, Inc., Nutrabolt, GlaxoSmithKline plc., Optimum Nutrition, Inc., Premier Nutrition Corporation, Biothrive Sciences, Nutrabolt, Now Foods, INC Sports Nutrition, Vitaco Health, and Uelzena Group. among others are some prominent players operating in the sports nutrition market.

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Sports Nutrition Market by Category

B2B

By Ingredient Type:

  • Plant-Derived Ingredient
    • Soy Protein
    • Rice Protein
    • Pea Protein
    • Potato Protein
  • Animal Derived Ingredient
    • Creatine
    • Milk Protein
    • Whey Protein Concentrates
    • Casein
    • BCAA (Branded Chain Amino Acid)
  • Blends

By Nature:

  • Organic
  • Conventional

B2C

By Function:

  • Energizing Products
  • Rehydration
  • Pre-Workout
  • Recovery
  • Weight Management

By Product Form:

  • Ready-To-Drink
  • Energy & Protein Bar
  • Powder
  • Tablets/Capsules

By Flavour:

  • Regular
  • Flavored
    • Fruit Punch
    • Berries
    • Citrus
    • Chocolate
    • Vanilla
    • Others

By Sales Channel:

  • Modern Trade
  • Convenience Store
  • Specialty Store
  • Pharmacy Store
  • Online Retail
  • Other Sales Channel

By Nature:

  • Organic
  • Conventional

By Price Range:

  • Economic
  • Premium

Region

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

Key Questions Answered in the Report

What is the current sports nutrition market value?

The sports nutrition market is expected to exceed US$ 19,302.2 Mn in 2021

At what rate did the sports nutrition market grow between 2016 and 2020?

The sports nutrition market projected steady growth, registering a CAGR at 7.4% between 2016 and 2020.

What are the key trends driving sports nutrition sales?

Rising trend for clean-label and non-GMO products and easy availability of flavored nutritional sports energy drinks and products will increase the sales.

Who are the leading players of sports nutrition?

Nestlé S.A., Red Bull GmbH, Ajinomoto Co. Inc., Keurig Dr. Pepper Inc., Nutrabolt, and GlaxoSmithKline plc., are the top players identified by Future Market Insights.

What will be the demand outlook for North America sports nutrition market?

North America’s sports nutrition market demand is set to rise at 10.7% CAGR over the forecast period of 2021 and 2031.

What is the market share of leading players in sports nutrition market?

The top players in the sports nutrition market will collectively account for 50-55% of global market share in the year 2021.

At what rate will sports nutrition demand rise in Europe?

Demand for sports nutrition across Europe will exhibit healthy expansion at 9.9% CAGR during the forecast period of 2021 and 2031.

Which are the top countries driving the sports nutrition market sales?

Top countries in terms of sports nutrition sales are China, the U.K., the U.S., India and Germany.

What is the current market share of Japan and South Korea in the global Sports nutrition market?

In 2021, South Korea will account for 0.7% of global sports nutrition market share, while Japan will contribute over 0.5% of global market share.

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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.

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
LinkedIn| Twitter| Blogs | YouTube

Licorice Candy Market: Projected to Attain US$ 403.4 Million by 2033, Examining Growth Trajectories

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

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

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

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

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

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

Key Takeaways from Market Study

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

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Competitive Landscape

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

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

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

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

Explore More Valuable Insights

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

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

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.

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
LinkedIn| Twitter| Blogs | YouTube

Pea Protein Market: Expected to Reach US$ 4,723.9 Million by 2034, Analyzing Growth Drivers, Market Trends

The global pea protein market size is projected to reach US$ 1,604.3 million in 2024. It will likely exhibit a compound annual growth rate (CAGR) of 11.4% during the forecast period, with overall pea protein sales totaling US$ 4,723.9 million by 2034.

A high-protein diet has grown in popularity as people all over the world have become more concerned with their health in recent years. Due to consumers’ increasingly hectic lifestyles, they are compelled to hunt for nutrients in packaged food items, which has generated a sizable market for a variety of alternatives, such as pew protein powder.

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The increase of chronic illnesses brought on by altered lifestyles and changes in exercise habits, particularly among millennials, are the key factors influencing the acceptability of a diet high in pea protein. Due to growing consumer interest in sports nutrition products as a consequence of better knowledge of bone and muscle health, the pea protein market is anticipated to expand.

Consumers’ evolving needs and a rising demand for non-GMO, gluten-free, and hexane-free goods are expected to fuel R&D in the pea protein market, which will support its expansion. The price of organic pea protein is significantly influenced by the cost of obtaining numerous licences, the characteristics of the finished product, and the manufacturing process, offering exciting opportunities for new entrants.

Key Takeaways from the Pea Protein Market Study:

  • Pea protein isolate is the most popular product type of this market sector making it the largest segment with a share of more than 50% of total sales
  • In 2021, North America accounted for about 44% of global revenue, dominating the pea protein industry worldwide.
  • The demand for the textured pea protein in meat processing is expected to expand as a result of the existence of key meat product companies in the U.S., including JBF, Tyson, National Foods, and Cargill.

Competitive Landscape

US, France, Spain, U.K., and Germany, Italy are the major countries driving demand for Pea Protein Market. The name of some of the renowned pea protein market key players are Burcon Nutrascience, Roquette Freres,  The Scoular Company, DuPont, Cosucra Groupe Warcoing SA, Nutri-Pea Ltd., Shandong Jianyuan Group, Sotexpro SA, Ingredion, Inc., Axiom Foods, Inc., Fenchem Inc., and Martin & Pleasance.

Get Valuable Insights into Pea Protein Market

FMI, in its new offering, provides an unbiased analysis of Pea Protein  Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Pea Protein based on by Nature (Organic, Conventional), Product Type (Protein Concentrates, Protein Isolates, Textured Protein, Hydrolysed Protein), End Use (Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition, Cosmetic and Personal Care), by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa )

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Pea Protein Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Protein Concentrates
  • Protein Isolates
  • Textured Protein
  • Hydrolyzed Protein

By End Use:

  • Food Processing
    • Meat Alternatives
    • Bakery Products
    • Confectionery
    • Snacks & Cereals
    • Meat-Based Products
    • Functional Beverages
    • Others
  • Animal Feed
    • Livestock
      • Cattle
      • Swine
      • Poultry
    • Pet Food
    • Aquafeed
  • Nutraceuticals
  • Sports Nutrition
  • Infant Nutrition
  • Cosmetic and Personal Care

By Region:

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

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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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Animal Feed Antioxidants Market: Surpasses US$ 1056.48 Million by 2033, Unveiling Growth Opportunities

The animal feed antioxidants market is projected to reach US$ 323.61 Million in 2023 and US$ 1056.48 Million by 2033, with a CAGR of 12.56% over the forecast period.

The animal feed antioxidants market is anticipated to experience rapid expansion due to the rising need for antioxidants in the animal feed sector as well as the growing desire for sustainable and affordable nutrition to meet the same needs.

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What Is Fueling the Antioxidant Animal Feed Demand?

Antioxidants shield cells from oxidative damage, lower singlet oxygen levels in animals, and prevent lipid peroxidation and oxidative rancidity in animal feed during manufacturing, processing, and storage. The adoption of animal feed antioxidants, particularly those containing antioxidants, vitamins, and minerals, has changed as more attention has been paid to enhancing animal digestive systems.

Animal feed’s freshness, flavour, and color are all preserved by antioxidants. The expanding beef industry around the world is mostly responsible for the increase in sales of animal feed antioxidants. The animal feed antioxidants market is anticipated to rise as a result of rising knowledge about animal health and feed quality and increased demand for animal feed antioxidants products.

Animal Feed Antioxidant Demand in the Asia-Pacific Region

Asia Pacific is considered to be the largest developing market for animal feed antioxidants and additives. Consumption of meat is rising, and commercial farming is expanding in the area, these are the major factors driving the market for animal feed antioxidants.

Animal feed producers are particularly concerned with boosting production capacity to meet the growing demand for animal feed antioxidants and supplements as commercial farming becomes more prevalent. The animal feed antioxidants market expansion in the Asia Pacific is anticipated to be fueled by expanding commercial farming and manufacturers’ expanding production capabilities.

The desire of the manufacturers to grow their market share in the animal feed sector will be what drives the demand for animal feed antioxidants in the Asia Pacific animal feed antioxidants market.

Key Takeaways

  • With a 43% revenue share in 2023, the Asia Pacific region has dominated the animal feed antioxidants market.
  • In terms of product, the synthetic segment of the market for animal feed antioxidants is expected to have a revenue share of about 61% in 2023.
  • Over the projection period of 2023-2033, the market for natural animal feed antioxidants is expected to expand at a CAGR of 7.9%.
  • In terms of livestock, the poultry segment of the animal feed antioxidants market had the highest revenue share in 2023, at over 42%.
  • Between 2023 and 2033, the dairy animal feed antioxidants market for poultry and cattle is anticipated to expand at a CAGR of 8.1%.

Competitive Landscape

In order to expand their market presence and product offerings on the global market, major producers like Cargill and others are concentrating on enlarging their production facilities as well as forming strategic alliances/partnerships with local producers of animal feed antioxidants.

In order to raise production and improve the quality of their products, manufacturers like Archer Daniels Midland Company and BASF are introducing cutting-edge methods and techniques. The animal feed antioxidants market businesses are investing in R&D to create technologies for producing and processing animal feed that are competitive and flexible.

Recent Development

  • In November 2021, the Danish biotechnology firm “Novozymes” may purchase the Indian pharmaceutical firm “Synergia Life Sciences.” Synergia is renowned for manufacturing natural Vitamin K2-7 and probiotics. The deal is sealed by a $150 Mn payment from Novozymes. The acquisition might be advantageous for Novozymes’ functional food division.

Key Segments

By Product:

  • Natural
  • Synthetic

By Livestock:

  • Swine
  • Cattle
  • Poultry
  • Aquaculture

By Form:

  • Dry
  • Liquid

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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BRIC Organic Baby Food Market: Expected to Surge with a 16.1% CAGR by 2033

In 2023, the BRIC organic baby food market is expected to be worth US$ 5.5 billion in revenue. The market is expected to grow at a CAGR of 16.1% to reach US$ 24.5 billion by 2033.

Parents’ worries about the risks of chemical additives in baby food have prompted consumers to look for organic substitutes. Growing interest in clean label trends is anticipated to increase demand for plant-based goods. According to a survey conducted by Future Market Insights (FMI), sales of organic infant foods from BRIC countries are expected to rise in the next years. Through 2021 and beyond, the market is anticipated to expand at a double-digit CAGR.

As parents prioritise providing their children with healthy and natural food options, the BRIC organic baby food market is growing quickly. Market expansion has been fueled by rising consumer knowledge of the advantages of using organic ingredients and rising demand for products made without chemicals. Manufacturers are developing novel products to satisfy a variety of nutritional needs, which is assisting in the sector’s expansion.

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Organic baby food producers aim for nutrients rich profiles in formulations, in a growing range of flavors and targeted age group demographics. Following the covid-19 pandemic sales through online channels have witnessed an upsurge, which is unlikely to change through 2031.

Major investments by governments towards urbanization and the rapid transition of rural populations to urban centers is creating increased potential for organic baby food sales. Consumer health and environment consciousness will contribute to greater demand for the foreseeable future.

Key Takeaways from BRIC Organic Baby Food Market Report

  • The demand for milk formula products is expected to witness a consistent rise, enabling the market register an exponential double digit growth rate between 2021 and 2031.
  • Sales through retail supermarkets will drive revenues in the industry, supported by robust supply chains.
  • The Chinese and Indian markets for organic baby foods is a key contributor to revenues on the back of large infant populations.
  • Increasing demand for vegan products will bolster growth in Brazil
  • Government initiatives undertaken to aid infant health will support growth in India and South Africa.

Brand Positioning in Terms of Health Claims Creates Opportunities

Sales of baby food products are largely reliant on health claims made by brands, with information about the pros and cons of breast feeding clearly stated and available through the internet. Some of the more prominent structural and health claims used by brands include information on digestibility and characteristics associated with immune systems and growth.

Many products also come with recommendations to seek the advice of healthcare professionals prior to feeding baby foods to children below the age of 1 year, which also clearly stating the advantages of breast feeding. Also high levels of concern among parents about obesity, and added sugar and salt are key to labelling practices in the industry. While TV and radio are not given much importance, social media channels are gaining ground for promotional activities.

Warnings and recommendation labels are more common on milk supplement products over the adequate and correct use of these products, especially for toddlers transitioning to solid foods. These trends are expected to have a significant impact on developments within the industry.

Who is Winning?

Leading players in the BRIC organic baby food market include but are not limited to H.J. Heinz Company, Nestle S.A, British Biologicals, Groupe Danone, Bellamy’s Australia Limited, Abbott Laboratories, Campbell Soup Company, Otsuka Holdings Co., Ltd. Major players are seeking to expand production capacities, widen product portfolios and geographical reach in a bid to edge out conventional baby food product manufacturers.

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BRIC Organic Baby Food Market Segmentation by Category

Product Type:

  • Ready To Feed
  • Prepared
  • Milk Formula
  • Dried
  • Other Product Types

Distribution Channel:

  • Chemists/Pharmacies/Drugstores
  • Internet
  • Specialty Outlet
  • Super Market
  • Other Channels

Region:

  • India
  • Brazil
  • China
  • Russia

For example, Serenity Kids announced a US$ 3 million investment round in December 2020, aimed towards the expansion of organic baby food portfolio. Nestle, in September 2020, announced plans to expand its infant formula production operations in Russia with an investment of US$ 45.8 million including a full cycle factory in Vologda. In January 2021, Timios, based in India announced the launch of its organic baby porridge product to add to its portfolio of toddler snacks including energy bars, pre-probiotic bites, and melts.

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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Digital Out-of-Home Market Surges as Technology and Innovation Propel Outdoor Advertising Growth

By the conclusion of the forecast period, major market value shares will be held by SEA and Others of APAC, Western Europe, and North America, with the worldwide digital-out-of-home market predicted to grow at a compound annual growth rate (CAGR) of 11.0% between 2018 and 2028.

In its study titled “Digital-Out-of-Home market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” FMI provides important insights into the global digital-out-of-home industry. The worldwide digital-out-of-home market is predicted to develop at a CAGR of 11.0% in terms of value between 2018 and 2028, thus the market value growth will continue to be appealing.

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The global annual revenue from the digital-out-of-home market has been valued at US$ 3,905.3 Mn by the end of 2017, and it is expected to grow at a steady pace over the forecast period. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe are expected to collectively account for a majority share in the global digital-out-of-home market. These regions are likely to dominate the global digital-out-of-home market over the forecast period.

The digital media landscape is undergoing drastic changes due to the introduction of advanced digital technologies. Over the past few years, various media owners have entered the digital-out-of-home market with an objective to offer cross-network advertisement delivery reports in centralized online dashboards similar to the capabilities of ad servers in the online space. The measurement of digital-out-of-home media is improving due to the adoption of interactive technologies that enable advertisers to gain customer insights using mobile device location data. Mobile location data is utilised to validate the location of a device and brand exposure by analysing whether the consumer was standing closer to the digital screen when the advertisement was displayed. As the digital industry continues to evolve, there has been a rise in the adoption of digital-out-of-home screens across various verticals. Moreover, the emergence of cloud-based digital platforms and the introduction of programmatic digital-out-of-home advertising are among factors expected to contribute to the growth of the digital-out-of-home market.

On the basis of FMI analysis, the Digital Place-Based Networks (DPN) in the platform segment will dominate the digital-out-of-home market due to the introduction of location-based advertising at various venues and increase in smartphone penetration. On the basis of industry, the retail segment will be a dominating segment due to the widespread adoption of digital billboards & digital place-based networks by brand marketers at malls, roadsides, bus shelters, airports and other high dwell-time venues to generate huge customer traffic.

The North America digital-out-of-home market is expected to dominate the global digital-out-of-home market due to the large presence of media owners in the U.S. The digital-out-of-home market has huge potential in China owing to major technological advancements in the retail and entertainment market. The SEA and Others of APAC digital-out-of-home market will be a target market for market participants looking to penetrate the BFSI and corporate & government segment. Latin America is estimated to grow at a moderate CAGR over the forecast period. Brazil is expected to hold a major revenue share in the Latin America digital-out-of-home market over the forecast period.

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Key Segments Covered in Digital-Out-of-Home Market

Platform

  • Digital Billboard & Signage (DBB)
  • Digital Place-based Networks (DPN)

Industry

  • Retail
  • Corporate & Government
  • Healthcare
  • Hospitality
  • Transportation
  • Entertainment
  • BFSI
  • Education
  • Others

Key Regions covered:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • SEA and other of APAC
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
    • China
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

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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.

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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Cloud Printing Services Market to Soar, Expected Valuation of US$ 4,614.1 Million by 2033

The market for cloud printing services is expected to grow at a compound annual growth rate (CAGR) of 11.7%, from US$ 1,521.5 million in 2023 to US$ 4,614.1 million by 2033. The market for biscuit mixes saw a compound annual growth rate (CAGR) of 9.6% from 2018 to 2022.

An electronic service that lets customers print from any networked device is called a cloud printing service.With the introduction of cloud printing services (CPS), customers may now print papers and other materials from any cloud-connected device.

Business or corporate users create content by using software tool and transfer it to cloud printing service provider via any device and then routes the file to a cloud-attached printer at a place selected by the user. Cloud printing service may be open that hosted by a company which aids other businesses to use its hardware, software, and network to produce printed documents.

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Cloud printing services can also be a closed network that will only allow the enterprise users. Cloud printing supports end users, whether professional buyers or consumers, to have documents printed without being overloaded by printing equipment and can deliver anywhere.

Like other cloud services, a cloud printing service is a software as a service (SaaS) platform provider or provide remotely provided solutions. In the case of a print service, there is a model where the system provides the digital information to a network point where the printer can collect it.

Cloud printing aids business users in managing their print operation from any device which gives unmatched elasticity in the retrieval of printer fleet and also provides driverless printing from mobile phones or Chrome book through Google cloud. Cloud printer don’t require any PC connection for a print driver.

Cloud Printing Services Market: Market Dynamics 

Fewer software drivers are needed to connect a particular device to a printer, digital information directly from the cloud service, which results in reliable printing service across system composed of different parts of hardware and cloud printing services offers service to print remotely from various locations.

The increase in business efficiency, the proliferation of mobile devices, mobile workforce is growing, constant and secure internet access, and reduction in infrastructure management costs, etc. are the drivers of cloud printing services market.

Data-protection challenges, privacy issues, administrators require comprehensive reporting on user behavior are the restraints of cloud printing services market.

Reduction in costs, increased security, and mobility in printing services creates opportunities for cloud printing services market.

Segmentation Overview 

Cloud printing services market segmented by cloud type, verticals, platform, and region. By cloud type, the cloud printing servicesmarket segmented into the public, private and dual cloud. By verticals, the cloud printing services market segmented into manufacturing, information technology, healthcare, education, hospitality, logistics & transportation, government, financial services and telecommunication. By platform, the cloud printing services market segmented into android phones, Windows PC, iPad, and Mac.

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Cloud Printing Services Market: Competition Landscape 

Few prominent players in cloud printing services market include IMS Group Ltd., Google Inc., UniPrint.net., Kyocera International, Inc., ezeep GmbH, Genius Bytes Software Solutions, Cortado Inc. and Cirrato Technologies AB.

Cloud Printing Services Market: Regional Outlook 

Presently, North America is holding the dominant market share for cloud printing services market due to high adoption of cloud printing services which enables to print documents anywhere, anytime from the cloud. Western Europe region is witnessing high growth rate due to the increasing demand for printer fleet management and managed printed services (MPS) offerings followed by Asia Pacific region in cloud printing services market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

The report covers exhaustive analysis on 

  • Global Cloud Printing Services Market Segments
  • Global Cloud Printing Services Market Dynamics
  • Historical Actual Market Size, 2014 – 2015
  • Global Cloud Printing ServicesMarket Size & Forecast 2016 to 2027
  • Supply & Demand Value Chain for Cloud Printing ServicesMarket
  • Global Cloud Printing ServicesMarket Current Trends/Issues/Challenges
  • Competition & Companies involved in Cloud Printing ServicesMarket
  • Cloud Printing ServicesTechnology
  • Value Chain of Cloud Printing Services
  • Global Cloud Printing ServicesMarket Drivers and Restraints

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Key Segments Profiled In The Cloud Printing Services Industry Survey

Cloud Printing Services Market by Cloud Type:

  • Public Cloud Printing Services
  • Private Cloud Printing Services
  • Dual Cloud Printing Services

Cloud Printing Services Market by Platform:

  • Cloud Printing Services for Android Phones
  • Cloud Printing Services for Windows PC
  • Cloud Printing Services for Mac
  • Cloud Printing Services for iPad

Cloud Printing Services Market by Verticals:

  • Cloud Printing Services for Information Technology
  • Cloud Printing Services for Healthcare
  • Cloud Printing Services for Education
  • Cloud Printing Services for Hospitality
  • Cloud Printing Services for Manufacturing
  • Cloud Printing Services for Logistics & Transportation
  • Cloud Printing Services for Government
  • Cloud Printing Services for Financial Services
  • Cloud Printing Services for Telecommunication

Cloud Printing Services Market by Region:

  • North America Cloud Printing Services Market
  • Latin America Cloud Printing Services Market
  • Europe Cloud Printing Services Market
  • Middle East & Africa Cloud Printing Services Market
  • Asia Pacific Cloud Printing Services Market

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.

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
LinkedIn| Twitter| Blogs | YouTube

Global Nut Processing Machine Market on Course to Reach Robust US$ 72.5 Billion Valuation by 2033, Driven by Strong 5.6% CAGR

The global nut processing machine market is forecasting an admirable Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2033. This remarkable ascent is expected to elevate the market valuation from its 2023 position at US$ 42.1 billion to an impressive US$ 72.5 billion by the culmination of 2033.

Nuts, renowned worldwide for their exceptional nutritional value and culinary versatility, are currently experiencing an unprecedented surge in demand. The heightened global appetite for a variety of nut types is a primary driver behind the significant increase in sales of nut processing machines. These machines play a crucial role in efficiently cracking, sorting, and packaging these nutritional powerhouses, meeting the surging demand with precision.

The era of manual nut processing, characterized by rudimentary tools, is fading away, giving rise to a transformative shift towards automation. This shift is fueled by technological advancements and the exponential growth in nut consumption. Companies in the nut processing sector are wholeheartedly embracing state-of-the-art machines to not only enhance productivity but also ensure consistency, aligning with the ever-growing consumer craving for nuts. This strategic integration of advanced technology underscores the industry’s commitment to fulfilling the evolving demands of a dynamic market.

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Fueling Growth: Global Nut Processing Machine Market Rides on Rising Nut Demand

Amidst the forecast period, the global nut processing machine market is poised for a surge, propelled by the escalating worldwide demand for both nuts and the array of products derived from them.

Nourishing Transformation: Nuts as Healthful Staples

Nuts such as almonds, peanuts, and walnuts have found a prominent role in the creation of nourishing snacks due to their high protein and fiber content. The shift towards nutrient-rich diets, incorporating nuts, dried fruits, dairy, and vegetables, is intensifying the demand for these wholesome foods. As a result, nut processing companies are under significant pressure, leading them to integrate new automated nut processing machines into their operations.

Health Awareness Amplifies Growth:

The expansion of the global nut processing industry is further accelerated by the increasing awareness surrounding the potential health advantages offered by nuts.

Key Insights from the Nut Processing Machine Market:

Here are the significant takeaways from the nut processing machine market:

  1. Steady Growth Projection: The global nut processing machine market is poised to expand at a CAGR of 5.6% throughout the forecast period.
  2. Diverse Product Landscape: Shelling and peeling equipment collectively dominate the global nut processing machine market in terms of product type.
  3. Automation Dominance: Automatic nut processing machines are anticipated to surpass sales of semi-automatic counterparts in terms of operational mode.
  4. North American Leadership: North America holds a commanding position in the global nut processing machine market, with a valuation reaching around US$ 15,998 million.
  5. U.S. at the Helm: Within North America, the U.S. spearheads the nut processing machine market, capturing a significant 68% market share.
  6. Asia Pacific Presence: The Asia Pacific region contributes around 18% to the overall global nut processing machine market.

Industry Leaders: Shaping the Market Landscape

Leading the competitive arena are prominent nut processing machine companies, including JBT Corporation, Key Technology, The Middleby Corporation, Feucht-obsttechnik.de, Lewis M. Carter Manufacturing, LLC, Buhler AG, Kadıoglu LTD, SKOURAS Inc., Modern Process Equipment Corporation, Grossi Fabrications Inc, TOMRA, AC Horn Manufacturing, TabrizKar, JEM Equipment, nuttech.eu, Wizard Manufacturing, and Savage Equipment, along with Momtazan Ind. Co.

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Commercial Nut Processing Machine Industry by Category:

By Mode of Operation:

  • Automatic
  • Semi-Automatic

By Product Type:

  • Conveying Tools
  • Drying Equipment
  • Grading Equipment
  • Cleaning Equipment
  • Hulling Equipment
  • Peeling Equipment
  • Separator Equipment
  • Slicing Equipment
  • Sorting Equipment
  • Sizing Equipment
  • Roasting Equipment
  • Shelling Equipment
  • Flavouring Equipment
  • Packaging Equipment
  • Coating Equipment

By Nut Type:

  • Almond
  • Peanut
  • Walnut
  • Pistachio
  • Hazelnut
  • Pecan

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Eastern Europe
  • Western Europe
  • Japan
  • Middle East and Africa

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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.

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
LinkedIn| Twitter| Blogs | YouTube