Market Research Blog – Page 3846 – New Product Development

Thin-Wall Plastic Container Market Set to Surge to US$ 54.3 Billion by 2034, Fueled by 4.8% CAGR Driven by Food and Beverage Sector Growth

The future of the Thin Wall Plastic Container Market promises a trajectory marked by innovation, sustainability, and versatility. Projected to reach a staggering US$ 54.3 billion by 2034, the market is set to expand at a robust CAGR of 4.8%. As the food and beverage industry continues its exponential growth, thin-wall plastic containers emerge as the packaging solution of choice, providing convenience, lightweight design, and cost-effectiveness for on-the-go consumption trends. Beyond the realm of edibles, these containers find increasing applications in the pharmaceutical and personal care sectors, driven by the demand for lightweight yet durable packaging.

Moreover, the emphasis on sustainability is reshaping the landscape, with a growing number of thin-wall plastic containers being crafted from recyclable materials. The ability to customize shapes, sizes, and labeling further enhances their appeal, allowing businesses to meet unique product requirements while establishing brand distinctiveness. In the evolving paradigm of packaging, thin-wall plastic containers are poised to play a pivotal role, aligning with consumer preferences for eco-friendly, adaptable, and efficient solutions.

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Growth Drivers:

Sustainable Packaging Demands: Increasing awareness and demand for sustainable packaging solutions drive the growth of thin wall plastic containers as they are lightweight and contribute to reducing overall packaging material consumption.
E-commerce Expansion: The growth of online shopping and home delivery services boosts the demand for lightweight and durable packaging, positioning thin wall plastic containers as a preferred choice for efficient and secure transportation of goods.
Advancements in Material Technology: Continuous developments in polymer technology and the introduction of new materials enhance the strength, flexibility, and barrier properties of thin wall plastic containers, expanding their application in various industries.
Urbanization and Changing Lifestyles: The global shift toward urban living and evolving consumer lifestyles increase the demand for convenient and portable packaging solutions, favoring the adoption of thin wall plastic containers in the food and beverage industry.
Cost Efficiency and Production Speed: Manufacturers benefit from the cost-effectiveness and rapid production capabilities of thin wall plastic container manufacturing processes, driving growth by meeting the increasing demand for efficient and economical packaging solutions.

Market Innovations:

Barrier Coatings: Innovative barrier coatings and layers applied to thin wall plastic containers enhance their resistance to oxygen, moisture, and other external factors, extending the shelf life of packaged products.
Smart Packaging Solutions: Integration of smart features, such as RFID tags and QR codes, into thin wall plastic containers provides real-time tracking, traceability, and improved supply chain management for both manufacturers and consumers.
Microwaveable and Ovenable Containers: Introduction of thin wall plastic containers designed for microwave and oven use, offering convenience and versatility in heating or cooking pre-packaged meals, contributing to the growing trend of ready-to-eat products.
Biodegradable and Compostable Options: Innovations in eco-friendly materials result in the development of biodegradable and compostable thin wall plastic containers, addressing environmental concerns and meeting the demand for sustainable packaging solutions.
Customized and Lightweight Designs: Advanced manufacturing technologies allow for the creation of customized and intricate designs in thin wall plastic containers, catering to brand-specific requirements and consumer preferences while maintaining lightweight properties for reduced environmental impact.

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Key Players

Dahl-Tech, Inc (U.S.)
Us Pack Group (U.S.)
Dash Packaging Inc (U.S.)
Canyon Plastics Inc (U.S.)
MJS Packaging (U.S.)
Berry Global Inc.(U.S.)
Graham Packaging Company (U.S.)
Alpack Plastics (U.S.)
Plastipak Holdings, Inc (U.S.)
Indorama Ventures Public Company Limited (Thailand)
Kaufman Container (U.S.)
Amcor plc (Switzerland)
Containers Plus (U.S.)
Green Bay Plastics (U.S.)
Mai animal health (U.S.)
Zauba technologies and Data service private limited (India)
Inmark global holding LLC (U.S.)
APEX Plastics (U.S.)

Counterfeit Products to Pose a Threat to the Global Market

Like other vertical industries, the thin wall plastic containers industry too is inundated by the overflow of counterfeit products. The influx of counterfeit products has been recognized as a core problem for the growth of the market in the long run. These counterfeit products are of low quality and can severely harm the well-being of end users. Companies such as Amcor are looking for ways to address this issue while maintaining their originality in the process.

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Market Segmentation:

Product Type:
Boxes & Bins
Trays
Cups
Lids
Thin Wall Pails
Bowls

Material Type:
Polypropylene (PP)
Polystyrene (PS)
Polyethylene (PE)
High-density Polyethylene (HDPE)
Low-density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)

Manufacturing Technology:
Thermoformed
Vacuum Technology
Injection Molded Technology
Others

Region:
North America
Latin America
Eastern Europe
Western Europe
China
Middle East and Africa
Asia Pacific
Japan

Application:
Dairy Products
Frozen Foods
Fruits and Vegetables
Bakery and Confectionery
Juices and Soups
Meat, Seafood and Poultry
Ready-to-eat Meals
Pharmaceuticals
Personal Care and Cosmetics
Paints, Lubricants and Adhesives

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.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Pocket Containers Market Set to Reach US$ 429.2 Million by 2032, Driven by Steady 4.5% CAGR from 2022 Across Diverse Industries

The future of the Pocket Containers Market holds promising prospects, characterized by sustained growth and evolving trends. As consumer preferences continue to shift towards convenience and portability, the demand for these compact packaging solutions is expected to escalate. With a projected steady CAGR of 4.5% between 2022 and 2032, the market is poised to reach an estimated US$ 429.2 million by 2032, indicating a robust trajectory.Innovations in materials and design are likely to shape the future landscape of pocket containers, catering to diverse end-use industries such as food & beverage, pharmaceuticals, cosmetics, and consumer goods. The global market is anticipated to witness dynamic changes, driven by technological advancements, sustainability considerations, and the ongoing quest for space-efficient packaging solutions. Additionally, the South Asia region is foreseen as a key growth hub, propelled by increased manufacturing, rising population, and urbanization trends. As pocket containers become integral to modern lifestyles, their role in providing convenient and on-the-go storage solutions is expected to solidify, reinforcing their significance in the global packaging industry.

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Business Growth Opportunities:

Customization and Personalization: Offering customizable pocket containers to meet individual customer preferences can create a niche market and drive growth.
Eco-Friendly Solutions: With increasing environmental concerns, businesses can explore opportunities in producing eco-friendly pocket containers, such as biodegradable or reusable options.
Digital Marketing and E-commerce Integration: Leveraging digital platforms for marketing and selling pocket containers can open up new markets and enhance overall business growth.
Global Expansion: Exploring international markets and expanding distribution networks can be a significant avenue for growth in the pocket containers business.
Innovation in Materials and Design: Investing in research and development to create containers with innovative materials and designs can set a business apart and attract a broader customer base.

Trends in the Pocket Containers Industry:

Smart Packaging: Integration of technology, such as RFID tags or QR codes, into pocket containers for improved tracking, authentication, and user engagement.
Sustainable Packaging: Growing consumer awareness about environmental issues is driving the demand for sustainable packaging solutions in the pocket containers market.
Compact and Portable Designs: As consumers increasingly value convenience, compact and portable pocket container designs that are easy to carry and use are gaining popularity.
Multi-Compartment Containers: The trend towards compartmentalized pocket containers, allowing users to store different items separately, aligns with the demand for organized and versatile storage solutions.
Health and Safety Features: Incorporating features like antimicrobial materials or contactless opening mechanisms to address health and safety concerns in the wake of global events, such as the COVID-19 pandemic.

Key Companies Profiled

Gerresheimer AG
Constar International
CKS Packaging
Alpha Packaging Holdings
TYH Container Enterprises
Vidchem pty ltd.
APTACA Spa
USON Plast
Graham Packaging
Plastipak Packaging

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Market Taxonomy

By Region

North America
Latin America
Europe
Japan
APEJ
MEA

By Material Type

Polypropylene (PP)
Polyethylene terephthalate(PET)
Polyethylene(PE)
Other Material Types

By End Use Industry

Pharmaceutical
Food & Beverage
Consumer Goods

By Closure Type

Side opening
Child Resistant
Screw Cap
Snap-on
Other Closure types

By Capacity

Less than 30 ml
30 -75 ml
75 – 125 ml
More than 125 ml

Author

About Future Market Insights (FMI)

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Global Computer Vision Market is likely to reach a worth of US$ 26.11 Billion, at a CAGR of 7.3% by the forecast period ending 2033 | Future Market Insights, Inc.

The global computer vision market is expected to increase from US$ 12.91 Billion in 2023 to US$ 26.11 Billion by 2033, representing a CAGR of 7.3%.

The market is defined as the industry that is equipped with machine learning and deep learning algorithm enabling machines to interpret visual data.

The increasing adoption of automation in manufacturing and retail, the rise of the Internet of Things (IoT), the growth of autonomous vehicles, and the increasing demand for surveillance and security systems are some key drivers of the computer vision market.

Governments worldwide are investing in the development and implementation of computer vision technology to monitor public spaces in real-time, detect criminal activity, and identify potential security threats.

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Key Takeaways:

The hardware category led the market in 2021, accounting for 39.4% of total market revenue of US$ 4.60 Billion.
The software segment is projected to record a CAGR of around 20-25% during the forecast period of 2023 to 2033, driven by the increasing adoption of artificial intelligence and deep learning technologies.
Cloud-based computer vision software is also expected to be a significant driver of growth in the software segment.
Over the forecast period, demand for smart camera-based computer vision systems is expected to grow, driven by low cost, small size, and ease of integration.
The quality assurance and inspection segment held a significant market share in 2021, accounting for 17.3% of the total market revenue of US$ 2.02 Billion. The manufacturing industry’s rapid adoption of process automation to boost productivity has driven this share.
The PC-Based Computer Vision systems segment accounted for 61.7% of the market in 2022.
The industrial segment accounted for more than 51% of total revenue, with the automotive and transportation industries.
North America is a lucrative market witnessing a progressive CAGR of 21.9%.
In 2021, Asia Pacific emerged as a prominent market for computer vision market, with a market share of around 39.6% and US$ 4.6 Billion in revenue.

Competitive Landscape:

The competition among players in the computer vision technology market is moderately increasing. Recent technological advancements such as facial recognition, gesture analysis, and enhanced security are revolutionizing various industries such as manufacturing, healthcare, and so on. As a result, new companies are entering the market. Intel Corporation, National Instruments Corporation, Keyence Corporation, Texas Instruments Incorporated, and SAS Institute are among the key players.

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Latest Developments:

Vedanta Limited partnered with Detect Technologies in August 2022, an organization based on industrial artificial intelligence that develops cutting-edge technology. T-pulse, Detect Technologies’ AI-based office software, will be made available through the alliance. The T-pulse software’s COVID-19 compliance module aims to assist Vedanta Limited in ensuring that its workspaces meet all requirements and adhere to the highest sanitization standards. The vision technology developed by T-computer Pulse also improves the digital safety monitoring system.
Cogniac, an AI computer vision platform, and Cisco Systems Inc. (Cisco Meraki), an American technology company, recently announced a collaboration in March 2022. The collaboration allows Cogniac’s computer vision capabilities to be integrated with MV smart cameras from Cisco Systems Inc. and cloud-based platforms.

Key Segments Covered in this Market Report:

Component Outlook:

Hardware
Software

Product Type Outlook:

Smart Camera-Based Computer Vision System
PC-Based Computer Vision System
Application Outlook
Quality Assurance & Inspection
Positioning & Guidance
Measurement
Identification
Predictive Maintenance

Application:

Quality Assurance & Inspection
Positioning & Guidance
Measurement
Identification
Predictive Maintenance
3D Visualization & Interactive 3D Modelling

Vertical Outlook:

Industrial
Non-Industrial

By Region:

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

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Nandini Singh Sawlani

Revolutionizing Business Success: Customer Experience Platforms Market to Surge at 14.8% CAGR, Reaching US$ 39.2 Billion by 2033

According to Future Market Insights (FMI), the customer experience platforms market is to reach US$ 9,826.9 million in 2023. The customer experience platforms industry is expected to be worth US$ 39,182.5 million by 2033.

Market Players find Drivers Outweighing the Restraints in the Market

Sales are boosted by the expanding use of the omnichannel shopping experience and the on-demand business model. Companies are focused on taking strategic actions to accelerate market expansion and increase profit margins. However, difficulties in integrating electronic data interchange and bias problems in operational data may impede market expansion.

Growth has Never Been More Real in the Market – Virtual Interaction Points come to the Resort

The primary criteria by which customers interact with businesses to share their service-related experiences are called interaction points. The availability of virtual consumer interaction points is a key driver for customer experience systems. Mobile devices, PCs, and laptops are used to make engagement points available, which eliminates the requirement for face-to-face interactions to obtain feedback.

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Interaction Point Segment Analysis

The customer experience platforms market is expected to be dominated by the call center sector based on interaction points. Demand from customers for immediate help and specialized attention for their issues has increased noticeably in recent years. The call center is under intense pressure to deliver first-rate services in order to satisfy consumers query. Businesses are using call center analytics more because of its wonderful and outstanding customer experience management capabilities.

Regional Analysis of the Customer Experience Platforms Market

North America controls the customer experience platforms industry due to growing expenditures in digital transformation across diverse industries. North America dominates in terms of revenue share. Due to enterprises increasing their budget allocation for digital and marketing channels.

Asia Pacific is seeing an increase in the adoption of IoT-based sensors, devices, and AI-driven predictive and advanced analytics solutions. Throughout the predicted period, the Asia Pacific customer experience platforms industry has maintained a significant CAGR. These tools make it possible for consumers in the Asia Pacific, both B2C and B2B, to receive customized services.

Key Takeaways

The mobile application segment accounted for around 23.6% of the customer experience management market share by 2023.
In 2023, the consumer goods and retail segment accounted for 26.1% of the share in the verticals category.
Through 2033, India to register a CAGR of 20.1% for the customer experience management market.
The customer experience management market in the United States is estimated to account for 16.2% of the market by 2033.
Sales in China customer experience platforms market are to expand at a CAGR of 15.3% by 2033.
The North America customer experience management market is to capture 26.2% of the market by 2033.
By 2033, the Europe customer experience platforms industry recorded 24.2% of the market share.
By 2033, 11.2% of the German market share to be devoted to customer experience management.
By 2033, customer experience platform sales in Japan to expand at a CAGR of 8.4%.

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Industry Overview of Customer Experience Platforms

The customer experience platform manufacturers have been observed investing resources in research and development initiatives to support growth. Companies can be observed participating in mergers and acquisitions and collaborations. In order to improve their products and obtain a market competitive advantage.

They are actively developing new items and improving existing ones to get new clients and increase market share.

Acquisition

Due to expanding work-from-home trend, Tech Mahindra bought Activus Connect Customer Experience Management Services and Solutions Company in September 2021. This acquisition enables Tech Mahindra to offer advanced CEM services to remote organizations.

Launch

IBM Corporation’s Watson debuted AI-based Intelligent Watson Assistance with automation features in September 2021, assisting organizations in transforming customer service. IBM Watson Assistant is intended to assist enterprises in setting up voice agents using IntelePeer to provide a smooth customer experience. It uses advanced analytics technologies to handle consumer issues with increased phone volumes.
SAP SE deployed a customer data platform in October 2021. Organizations can develop individual client profiles using this new platform. This platform improved its customer experience (CX) software and its function in the development of intelligent organizations.
NICE Ltd debuted CXone, an advanced AI-based CEM solution, in April 2021. The company is a leading provider of on-premises and cloud corporate software solutions. Customers seeking self-service can access personalized material using the CXone software.

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Key Segments

By Interaction Point:

Stores
Websites
Email
Call Centre
Mobile Apps
Social Media

By Deployment:

Cloud
On-premise

By Vertical:

IT & Telecommunication
BFSI
Healthcare
Consumer Goods & Retail
Hospitality
Transportation and Logistics
Media and Entertainment
Government

By Enterprise Size:

Small Enterprises
Medium Enterprises
Large Enterprises

By Platform:

Windows
iOS
Android

By Region:

North America
Latin America
Western Europe
Eastern Europe
Japan
China
The Middle East and Africa (MEA)
Asia Pacific Excluding Japan

Author:

About Future Market Insights (FMI)

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

Undercounter Ice Maker Market Aims for a US$ 1,135.4 Million Valuation by 2033, Sustaining a Steady 3.9% CAGR

The undercounter ice maker market is witnessing substantial growth, paving the way for a sustainable and eco-friendly future. This upward trajectory signifies more than just a passing trend; it reflects a lasting commitment to environmental responsibility. Projections indicate a remarkable journey for the market, with an expected Compound Annual Growth Rate (CAGR) of 3.9% from 2023 to 2033. By 2033, the market is poised to achieve a significant valuation of approximately US$ 1,135.4 million.

At the core of this expansion lies a heightened awareness of environmental considerations. Businesses across various industries, particularly in the food service sector, are increasingly recognizing the paramount importance of integrating environmentally responsible choices into their daily operations. Undercounter ice makers are emerging as essential components in this movement towards environmental conscientiousness.

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Driving Forces and Emerging Trends in the Undercounter Ice Makers Market:

One of the key drivers of the market growth is the increasing demand from commercial establishments. Undercounter ice makers are commonly used in restaurants, bars, and other commercial establishments that require a steady supply of ice. With the growth of the hospitality industry and the increasing number of food service establishments, the demand for undercounter ice makers is expected to grow significantly in the coming years.

The growing popularity of home bars and entertainment areas is accelerating the demand for Undercounter Ice Makers. Many homeowners are investing in home bars and entertainment areas, which often include an undercounter ice maker as a key component. With the increasing popularity of home entertainment, the demand for undercounter ice makers is expected to grow in the coming years.

Another factor such as technological advancements is also expected to boost the market prospects. Undercounter ice makers are becoming increasingly advanced, with features such as touchless dispensing, built-in water filtration systems, and Wi-Fi connectivity. As these machines become more advanced and convenient to use, the demand for them is likely to increase.

The increasing emphasis on hygiene and safety is a major factor that is likely to create lucrative opportunities for market growth. With the ongoing COVID-19 pandemic, there is an increased emphasis on hygiene and safety in commercial and residential settings. Undercounter ice makers that feature built-in antimicrobial protection or touchless dispensing are likely to become more popular as consumers seek out products that help them maintain a safe and clean environment.

The increasing availability of financing options is anticipated to propel the growth of the market. Undercounter ice makers can be a significant investment for commercial and residential users. The increasing availability of financing options, such as leasing or instalment plans, makes it easier for consumers to purchase these machines and is likely to drive demand in the coming years.

Key Takeaways from the Market Study:

Global Undercounter Ice Makers Market was valued at US$ 745.4 million by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 2.2%.
North America is expected to hold the highest CAGR of 3.8% during the forecast period.
By equipment type, the self-contained unit segment is expected to constitute a CAGR of 3.8% in 2033.
On the basis of distribution channels, the offline store’s segment is expected to dominate the market with a CAGR of 3.7% in 2033.

Key Companies Profiled:

Prominent players in the undercounter ice makers market are Avallon, EdgeStar, Hestan, Ice-O-Matic, IMI Cornelius, KD Industries, Hoshizaki, Manitowoc, Scotsman, Snowsman, Summit, and Avanto Ice machines, among others.

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Key Segments Covered:

By Equipment Type:

Ice Making Head
Remote Condensing Unit
Self-Contained Unit

By Ice Maker Type:

Continuous
- Nuggets
- Flakes
Batch

By Cooling Media:

Air Cooled
Water Cooled

By Distribution Channel:

Offline Stores
- Hypermarkets/Supermarkets
- Independent Store
- Multi-brand Store
- Specialty Stores
Online Retail Stores

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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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)

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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Bakery Ingredient Market Forecast 2033: Navigating Global Dynamics towards a Projected Valuation of US$ 39,867 Million by 2033

The global bakery ingredient market value is US$ 20,795 million in 2023. Bakery ingredient suppliers expect the market to grow at a CAGR of 6.7% through 2033, with a forecast valuation of US$ 39,867 million by 2033.

Bakery ingredients are used in bakery products such as bread, cookies, biscuits, cakes, pizza, tarts, pies, pastries, donuts, and frozen baked products. Predominantly it is used in bakery products to improve the overall product quality, to save time, and for longevity. Bakery ingredients have been used since ancient times and are of utmost importance these days as nothing can be baked without them.

They are available in a wide variety and their preferences may vary according to the regional demands. Easy access to global information and exposure to various bakery products has increased the demand of bakery ingredients.

The Bakery Ingredients Market is experiencing significant growth as the baking industry evolves to meet diverse consumer demands. With the rising popularity of artisanal and healthier baked goods, there is a surge in demand for high-quality ingredients. Innovations in taste, texture, and nutritional value are fueling the market’s upward trajectory.

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Bakery Ingredients Market Dynamics

Growth in global bakery ingredients market is due to increase in demand for bakery ingredients, and changing lifestyle which leaves little time to prepare meals, saves time and affordability. Also with increasing population of working women and time constraint has initiated the need. Ready to eat baked food is replacing the conventional home cooked food.

In Europe and North America, majority of the population prefers wraps, rolls and pocket sandwiches over time consuming food items because of their busy and hectic lifestyle. Development of new packaging materials and increased product diversification in baked food category would promote the demand of bakery ingredients.

Bakery Ingredients Market Size

The bakery ingredients market has grown substantially at a healthy CAGR rate of 14-18 percent in the year 2012-14. Many companies are entering in this bakery ingredients market to meet the consumer demand of the bakery ingredients. Globally, U.S. and Europe are the largest bakery ingredients markets followed by North America bakery ingredients market and Asia Pacific bakery ingredients market. The biggest driver for bakery ingredients market could be that these countries are the best destination for innovations in the bakery ingredients industry.

Bakery Ingredients Market by Category

By Form, Bakery Ingredients Market is segmented as:

Dry
Liquid

By Ingredient Type, Bakery Ingredients Market is segmented as:

Fiber
Emulsifiers
Enzymes
Starches
Oils, Fats, and Shortenings
Baking Powder and Mixes
Preservatives
Colors & Flavors
Leavening Agents

By Application, Bakery Ingredients Market is segmented as:

Bread
Cookies & Biscuits
Rolls & Pies
Cakes & Pastries
Others

By Region, the Bakery Ingredients Market is segmented as:

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

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Frequently Asked Questions

What is the Present Size of the Bakery Ingredients Market?
What is the Size of the Bakery Ingredients Market By 2032?
What is the Bakery Ingredients Market Outlook?
Which Region is expected to drive the Demand for the Bakery Ingredients Market?
Which Bakery Ingredient Type is leading the Market?

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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Whey Basic Protein Isolates Market Trends 2032: An In-depth Analysis of the Industry, Unveiling Growth Opportunities with a Robust CAGR of 16.6%

The market for whey basic protein isolates is anticipated to reach US$ 431.5 Million in 2022 and increase steadily between 2022 and 2032 at a CAGR of 16.6%. Sales of whey basic protein isolates are expected to rise in the future due to rising health and wellness consciousness among people throughout the world.

According to FMI, the market for basic protein isolates will be worth US$ 956.2 Million in 2032. Governments are being urged to promote the use of whey protein components, including isolates, due to the rising number of health issues linked to obesity and malnutrition worldwide.

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Whey Basic Protein Isolates Market – Notable Developments

Some of the leading players operating in the global whey basic protein isolates market are Sports Nutrition Technology, Kerry Group plc, Clover Fonterra Ingredients Proprietary Limited, Davisco Foods International, Inc., Arla Foods Ingredients amba, Glanbia Nutritionals, Inc., Milk Specialties Global, Saputo Ingredients, AMCO Proteins, Agropur MSI, MYFITFUEL, Hilmar Ingredients Inc., and Optimum Nutrition, Inc.

Notable developments in the competitive landscape of whey basic protein isolates market include:

In April 2019, North Bay based XP Labs launched new ISO XP Strawberry flavored New Zealand grass fed whey protein isolate in two as well as five-pound sizes variants.
In March 2019, INFINIT Nutrition launched a one of its kind café-style product named COLD BREW Performance Coffee, as the latest addition to their line of superior protein and recovery formulas. COLD BREW is blended with a high-class whey basic protein isolate, and is a certified grass-fed, non-GMO, rBST and synthetic hormone free.
In April 2018, Kaged Muscle introduced a straightforward protein formula named MicroPure Whey Protein Isolate. This newly launched product is powered by high-quality whey protein isolate.
In February 2018, Glanbia Nutritionals extended its protein powder capabilities with the launch of BevEdge Whey Protein A-220W. This new protein is a pre-acidified whey protein isolate that enables citrus- and berry-flavored protein drink mixes.

Whey Basic Protein Isolates Market Dynamics

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Accelerating Dairy Sector and Increasing Health Consciousness Driving Whey Basic Protein Isolates Market

The ever-evolving trends in wellness and health arena are primary drivers of the whey basic protein isolates market. Whey protein is increasingly gaining traction as dietary supplements, owing to its highly versatile nature and numerous applications as an ingredient in sports nutrition applications. This has further pushed the consumer preference for whey basic protein isolates. Furthermore, deadline-driven work culture and hectic lifestyles have made whey basic protein isolates popular. Additionally, the numerous health benefits and the performance-boosting nature of whey protein are auguring well for whey basic protein isolates market. Wide applications of whey basic protein isolates in infant formulae, snacks, dairy and bakery products and confectionaries, is another key factor triggering their demand. Moreover, whey basic protein isolates are also witnessing adoption as a supplement and alternative solution to milk among lactose intolerant individuals to enhance athletic performance, and increase glutathione in HIV patients.

EFSA Deems Whey Basic Protein Isolates Safe for Extended Use in Infant Formula & Supplements, Spurs Sales

Novel Foods and Food Allergens, the European Food and Safety Authority’s panel on nutrition has concluded whey basic protein isolates safe under new proposed conditions of use. With the EFSA deeming whey basic protein isolates safe for extended use in infant formula as well as supplements, this ingredient is likely to gain increased traction in the forthcoming years.

Growing Number of Gyms and Fitness Centers Creating Growth Opportunities for Stakeholders

Growing health awareness coupled with upward health conscious consumers, in tandem with increasing number of fitness centers and gyms are some of the key factors driving growth in whey basic protein isolates market. Furthermore nearly all consumer groups, including, bodybuilders, athletes, and recreational users, health clubs and fitness centers act as distribution centers for various whey protein supplements. With the health clubs increasing rapidly in number, lucrative opportunities are likely to emerge for whey basic protein isolates’ manufacturers.

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

Whey Basic Protein Isolates Market – Segmentation

Based on end-use industries the whey basic protein isolates market is segmented into

Food and Beverages
Pharmaceutical
Others (Animal Feed)

Based on type, the whey basic protein isolates market is segmented into

Cow
Buffalo
Goat

Based on applications, the whey basic protein isolates market is segmented into

Infant formula
Sports nutrition
Dairy products
Others

Report Highlights:

A detailed overview of whey basic protein isolates parent market
Changing whey basic protein isolates market dynamics in the industry
In-depth whey basic protein isolates market segmentation
Historical, current, and projected whey basic protein isolates market size regarding volume and value
Recent industry trends and developments in whey basic protein isolates market
Competitive landscape of the whey basic protein isolates market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth in whey basic protein isolates market
A neutral perspective on whey basic protein isolates market performance
Must-have information for whey basic protein isolates market players to sustain and enhance their market footprint

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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)

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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Nandini Singh Sawlani

Macadamia Market Insights 2033: Navigating Growth Trajectories with a Projected Valuation of US$ 5.08 Billion and an Impressive CAGR of 11.2%

By the end of 2022, the worldwide demand for macadamia was estimated to be around US$ 2.2 billion. Further, the net revenue from total macadamia nuts sales globally in 2023 is anticipated to be about US$ 2.37 billion. The entire market value is predicted to rise at an 11.2% annual growth rate between 2023 and 2033. Finally, the global macadamia market value is expected to reach US$ 5.08 billion by the end of 2033.

An evolving trend for healthy snack alternatives among consumers worldwide has significantly increased demand for macadamia nuts. Also, its nutritional properties due to, due to itsevels of monounsaturated fats and other vital components, have increased its popularity in non-native locations. Macadamia powder can be added to several culinary dishes, ranging from baked foods to confectionery, which has generated a diversified and vast customer base.

Currently, investments in precision agricultural techniques and cutting-edge processing technology have increased macadamia production efficiency and assured a consistent supply of high-quality macadamia nuts. Notably, more production of premium macadamia nuts has enabled advantageous pricing, which has contributed to strong revenue growth in the present market.

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Key Takeaways from the Macadamia Market Report

The total consumption of macadamia in the United States is higher in comparison to other countries. The country is estimated to account for almost 24.4% of the global revenue share.
In Europe, Germany is the leading regional market for the processing and consumption of macadamia products. In the current year 2023, this regional market is estimated to contribute to almost 7.4% of the global revenue share.
Though Australia is known to be the native place for macadamia nuts, it has only a 3.2% market share in processed macadamia business worldwide.
In Asia, China is known as the hub for macadamia processing and export. As of 2023, it holds around 13.2% of the global demand for macadamia.
Japan is also a significantly growing market for sales of macadamia in Asia these years. It is expected to hold a global market share of 5.4% in the current year 2023.

“After the emergence of new participants, the global market is seeing an increase in product variety, such as flavored macadamias and value-added goods. So, marketing of novel products with attractive packaging has surged the consumption of macadamia in recent years.”

Competitive Landscape for the Macadamia Market

Industries and participants in the global macadamia business are positioning themselves strategically to benefit from the growing popularity of macadamia outside Australia’s mainland. Additionally, a greater emphasis on marketing and distribution through online sales channels has allowed market participants to reach a broader audience.

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Recent developments by the Macadamia Processing Industries

A South African cooperative firm named Golden Macadamias developed a TOMRA 5C sorting system with Biometric Signature Identification technology in April 2022. This high-end optical sorting system or machine for nuts and dried fruits to achieve the finest product quality with a huge macadamia production volume.

Milkadamia Inc. debuted a new macadamia nut oil milk product line at Natural Products Expo West in March 2022. Macadamia milk under this category comes in salted caramel and pumpkin pie flavors aimed at attracting more consumers in the younger age group.

The World Macadamia Organization, located in China, launched its first consumer marketing campaign in January 2022. It was initiated to promote the importance of macadamias by presenting the ritual of cracking nut-in-shell macadamias during specific Chinese Festivals.

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The Market has been Segmented as

By Nature:

Organic
Conventional

By Form:

Raw
Processed
Oil

By End Use:

Residential
Commercial
Industrial
Food Industry
- Confectionery
- Bakery
- Dairy
- Snacks
- Others
Cosmetic and Personal Care

By Distribution Channel:

Direct
Indirect

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)

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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Nandini Singh Sawlani

Shrimp Market Projected to Reach US$ 149 Billion by 2034, Unveiling Lucrative Opportunities for Growth and Innovation in the Industry

The shrimp market is expected to register a healthy CAGR of 8.7% during the forecast period due to the increasing consumption of shrimps in cuisines and soups, largely in Asian countries. The market value is projected to increase from US$ 64.8 billion in 2024 to US$ 149 billion by 2034.

Prawns are becoming more and more popular due to their nutritional attributes and low-fat protein composition. Consumers are shifting from a diet strong in carbs to one high in protein as a result of economic expansion and rising affluence. In order to increase year-round shrimp production while preserving the environment, shrimp farmers all around the world are utilising better production techniques that go above and beyond conventional ones.

Globally, the Shrimp Market is expanding steadily due to rising health consciousness, shifting dietary habits, and rising demand for seafood. Shrimp is a protein- and calorie-rich food that appeals to consumers who are concerned about their health. The market is also growing as a result of new product introductions such value-added and ready-to-cook prawn products.

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Demand for shrimp-based products is expected to rise over the next 10 years, particularly for canned and frozen options. Seafood items are getting more popular in the global food sector due to their good nutritional value. Because there is such a high demand for prawns, North America is one of the major importers of them worldwide.

In the Asia Pacific region, there is also a considerable demand for prawns because they are so accessible and affordable. Due to the region’s expanding desire for marine items, demand is also predicted to rise. North America is the second-largest producer of prawns in the world, after Asia Pacific.

Consumers in Asia Pacific and Western Europe are becoming highly concerned with their health and leading fast-paced lives. Traditional fish and chip shops are witnessing more customers every day, which is predicted to stimulate expansion of the shrimp market.

Over the course of the projected period, an increase in demand for seafood snacks is anticipated. The market for shrimps is anticipated to grow over the next ten years due to the rising trend for fresh and frozen seafood products.

Key Takeaways from Shrimp Market Study

The North America shrimp market is estimated to be valued at US$ 13.0 billion in 2023.
In North America, the USA currently holds a share of 81.4% of the shrimp market.
East Asia holds a share of 25.8% in the global shrimp market.
In Asia Pacific, China holds a share of 52.1% in the shrimp market.
The North America shrimp industry is expected to register a 9.6% CAGR between 2023 and 2033.

Competitive Landscape: Shrimp Market

Shrimp has a strong competitive global market. Leading manufacturers are striving to strengthen their distribution channels. They are emphasizing on joint ventures for increasing their production capacity of innovative shrimp products.

Few of the leading companies offering shrimp include Apex Frozen Foods Ltd., Avanti Feeds Ltd. (Hyderabad, India), Maruha Nichiro Corporation (Tokyo, Japan), Aqua Star Corp. (Seattle, USA), Nordic Seafoods A/S (Hirtshals, Denmark), Devi Fisheries Limited, Jayalakshmi Sea Foods Pvt. Ltd., Falcon Marine Exports, Nippon Suisan Kaisha (Tokyo, Japan), Clearwater Seafoods Inc. (Bedford, Canada), SSF LIMITED, BMR Groups, Marine Harvest (Bergen, Norway), High Liner Foods Inc. (Lunenburg, Canada), Thai Union Group (Bangkok, Thailand), Surapon Foods (Muang, Thailand), and Nekkanti Sea Foods Limited (NSFL) among others.

Get More Valuable Insights into the Shrimp Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Shrimp presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the shrimp market by shrimp market by species (gulf shrimps, farmed whiteleg shrimps, banded coral shrimps, royal red shrimp, giant tiger shrimps, blue shrimps, ocean shrimps), source (organic, conventional), form (canned, breaded, peeled, cooked & peeled, shell-on, frozen), sales channel (direct, indirect), application (food, pharmaceutical, cosmetics, industrial, biotechnology), and region.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Shrimp Market Outlook by Category

By Species:

Gulf Shrimps
Farmed Whiteleg Shrimps
Banded Coral Shrimps
Royal Red Shrimp
Giant Tiger Shrimps
Blue Shrimps
Ocean Shrimps

By Source:

Organic
Conventional

By Form:

Canned
Breaded
Peeled
Cooked & Peeled
Shell-On
Frozen

By Sales Channel:

Direct
Indirect

By Application:

Food
Pharmaceutical
Cosmetics
Industrial
Biotechnology

By Region:

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

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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)

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

Sourdough Market Analysis 2032: A Comprehensive Exploration of Global Dynamics Anticipating a Projected Valuation of US$ 365.2 Million by 2032

The sourdough market has witnessed significant expansion due to several factors. Firstly, there has been a growing consumer preference for natural and artisanal food products, with sourdough bread being considered a healthier and more flavorful alternative to conventional bread. Sourdough is often perceived as easier to digest and lower in gluten content compared to other bread types, making it appealing to individuals with gluten sensitivities.

The market value is projected to increase from US$ 213.8 Million in 2022 to US$ 365.2 Million by 2032. During the projected period, the Sourdough market is expected to grow at a CAGR of 6.3 %.

Sourdough bread has gained popularity in recent years, leading to the growth of the sourdough market. Sourdough bread is made using a natural fermentation process that involves a combination of flour and water, which forms a starter culture containing wild yeast and lactobacilli bacteria. This fermentation process gives sourdough its distinct tangy flavor and unique texture.

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Western Europe continues to be the largest market for sourdough, accounting for nearly 38% share of total revenues in 2022. The adoption of sourdough in Western Europe food manufacturing units continues to remain strong.

Future Market Insights estimates the Western Europe sourdough market to increase at a CAGR of 7.1% through 2032. In terms of revenues, the market is projected to grow 2X from its 2022 market valuation of US$ 1.21 Bn. In terms of volume, over 552 thousand tonnes of sourdough was sold in 2022; FMI estimates it to reach over 975 thousand tonnes in 2032.

Opportunities in the Global Sourdough Market

Increasing demand for clean-label products has presented a lucrative opportunity for businesses
The use of sourdough is also gaining traction owing to its application in the preparation of foods that require fermentation

Key Supply-side and Demand-side Drivers

According to Future Market Insights’ report, demand for sourdough is increasing on account of its beneficial functional properties. Its property of enhancing flavour and texture is a key factor for its applications in the F&B sector, especially bakery sector
Increase in the number of artisan bakeries is positively influencing the demand for sourdough. Particularly high demand for type 1 sourdough – made using only wild yeasts – is being witnessed in artisan bakeries
Availability of sourdough products on e-commerce stores is also contributing to increasing sales
Growing demand for sourdough from the fast food and bakery sector is creating sizeable growth opportunities for manufacturers

High cost of sourdough products is a major impediment to their widespread adoption in developing countries.

Key Trends Expected to Shape the Global Sourdough Market

Dehydrated sourdough (Type III) is gaining traction in the bakery industry. Freeze-drying remains the preferred dehydration technique for manufacturers.
Manufacturers are using devitalised sourdough for enhancing the aroma of products. Devitalised sourdough does not contain live organisms, enhancing its use as an aromatic agent
Consumer demand for healthy food products has resulted into the launch of chocolate sourdough loaves. Further, Future Market Insights identified increasing use of type I sourdough.

Sourdough Market Forecast and Analysis by Starter Culture

Type III starter culture currently accounts for nearly half of the revenue share of the global sourdough market. Over 773 thousand tonnes of sourdough was sold in 2016; by the end of the forecast period, Future Market Insights estimates global volumes to surpass 1.3 million tonnes.

Key companies profiled by Future Market Insights in its report include Puratos NV, Ernst Böcker GmbH & Co. KG, IREKS GmbH, Kampffmeyer Mühlen GmbH, Philibert Saveurs, Lesaffre, Dilbeek, Minden, Kulmbach, Hamburg, Pont-de-Veyle, and Marcq-en-Barœul.

Future Market Insights maintains a positive outlook on the global sourdough market, projecting it to grow by 6.8% CAGR through 2026 in terms of value. In terms of volume, demand is projected to grow at 5.5% CAGR.

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Key segments covered in the global sourdough market report

By Application

Bread
Pizza
Buns
Cakes
Cookies
Waffles and Pancakes
Others

By Region

North America
Western Europe
APEJ
Latin America
Eastern Europe
Middle East and Africa
Japan

By Starter Culture

Type I
Type II
Type III

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)

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