Foam Cooler Box Market is Poised to Grow at a Healthy CAGR of 6.6% through 2033 | Future Market Insights, Inc.

The sales of foam cooler boxes are anticipated to soar at a 6.6% CAGR, hitting USD 1.72 billion in 2023. By 2033, the foam cooler box market is projected to exceed USD 3.26 billion at this compound annual growth rate.

In response to growing consumer demand for practical and environment-friendly flexible packaging, the foam cooler box market has experienced significant growth over the past decade.

The rise of outdoor recreation like camping and picnics has also contributed to the market’s expansion. Great-quality foam cooler boxes are in high demand as a result of high disposable income and the growing trend of private labels.

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The availability of huge sizes in light weights is one further benefit of adopting foam cooler boxes. In light of this, a foam cooler box is more appropriate for discrete handles than an insulated cooler.

A foam cooler box comes in a range of sizes and configurations that are typically not offered by a conventional plastic or metal cooler. Demand is anticipated to increase for foam cooler boxes that can be handled differently.

Since foam cooler boxes are more affordable than metal and plastic coolers, the food sector favors them. Exceptional insulation potentials are supplied by the foam cooler box, which aids in keeping food fresh for a long time. A foam cooler box is also recommended for storing seafood goods.

The market has benefited from the drive toward sustainable development and environmental friendliness. To address the increased demand for sustainable packaging options, manufacturers are putting a great emphasis on developing foam cooler boxes from eco-friendly materials including recyclable and compostable polyurethane.

Owing to the pharmaceutical sector’s increasing application of foam cooler boxes, the United States is the market leader in this niche. Foam cooler boxes used in pharmaceuticals are expanding at a decadent rate in Europe, particularly in nations like Germany. China is likely to be the top producer and user of foam cooler boxes in the Asia Pacific region and is anticipated to have a big market opportunity during the forecast period.

Key Takeaways

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.43% through 2033.
  • The United States dominated the market in 2022 holding a 21.2% share of the global market.
  • In 2022, Japan held a 4.8% market share globally.
  • With a CAGR of 10.11% from 2023 to 2033, India is expected to advance significantly in the market.
  • The market in China is expected to proliferate, registering a CAGR of 9.01% over the forecast period.
  • Germany accounted for 3.7% of the global market in 2022.

Competitive Landscape

Product innovation and differentiation are top priorities for foam cooler box manufacturers. They intend to offer new and improved features such as better insulation. They also attempt to make visually appealing patterns and offer a variety of sizes and colors in order to attract a diverse spectrum of customers.

Key players in the worldwide foam cooler box market are partnering with end customers to meet their advanced temperature-controlled packaging needs while also earning money by renting and leasing foam cooler boxes.

Key Players Operating in the Market

  • Igloo Products Corporation
  • Cool Ice Box Co Ltd
  • Coldchain Technologies, Inc
  • Plastilite Corporation
  • Pelican Products, Inc.
  • MacNeill Pride Group (ORCA)
  • Bison Coolers
  • RTIC Outdoors LLC
  • Koolatron US
  • Aohong Industry Co., Ltd.
  • Rodman Plastics Company Ltd.
  • Carris Pipes & Tubes Pvt. Ltd.

Market Segmentation: Foam Cooler Box Market

By Capacity:

  • Up to 25 Quart
  • 26-75 Quart
  • Above 150 Quart

By Carrying Method:

  • Side Handles
  • Lid Handles
  • Shoulder Strap

By Material type:

  • Expanded Polystyrene
  • Expanded Polypropylene

By End-use Industry:

  • Food & Beverages
  • Pharmaceutical
  • Cosmetics & Personal Care

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Suite 401, Newark, Delaware – 19713, USA
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Website: https://www.futuremarketinsights.com
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Pharmaceutical Cold Chain Packaging Market is Growing at a Strong CAGR of 14.8% by 2033 | Future Market Insights, Inc.

The net valuation of total demand for pharmaceutical cold chain packaging requirements is likely to be around USD 15,176.2 million in 2023. Further, as per the pharmaceutical cold chain packaging market analysis report, it could progress at a higher compound annual growth rate of 14.8% through 2033. Consequently, the overall valuation of the market is projected to reach USD 60,100.9 million by the end of this forecast period.

The need for pharmaceutical cold chain packaging facilities has expanded recently due to the introduction of more complicated biologically based medications. Furthermore, increased shipments of vaccinations, hormone therapies, and intricate proteins that need cold chain packaging to be traded at a regulated temperature have also rendered the business rewarding.

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Key Takeaways

  • The United States pharmaceutical cold chain packaging market generated a revenue of around USD 2,494.5 million in the year 2022. This revenue share was around 18.6% of the global revenue making the United States the top region for the market.
  • In Europe, Germany is the leading provider of pharmaceutical cold chain packaging services and contributes 3.8% to the global market share.
  • In the Asia Pacific region, China tops in sales of pharmaceutical cold chain packaging services and other requirements for both domestic and adjacent markets. The net valuation of this regional market in 2022 was USD 1,503.7 million and it is also progressing at a 17.7% growth rate.

Prominent Drivers of the Pharmaceutical Cold Chain Packaging Market

  1. Increasing Demand for Temperature-Sensitive Medications: With the growing prevalence of biologics, vaccines, and other temperature-sensitive drugs, there is a rising demand for cold chain packaging solutions to maintain product integrity and efficacy during transport.
  2. Global Expansion of Vaccination Programs: The expansion of global vaccination initiatives, especially post-pandemic, has led to higher requirements for cold chain packaging to ensure the safe transportation of vaccines under precise temperature controls.
  3. Advancements in Packaging Technologies: Innovations such as smart packaging, temperature monitoring systems, and eco-friendly materials are improving the reliability and sustainability of cold chain packaging, driving market growth.
  4. Rising Regulatory Compliance Requirements: Stringent regulations and guidelines from global health authorities like the FDA, EMA, and WHO are pushing pharmaceutical companies to adopt secure and efficient cold chain solutions to comply with safety and quality standards.
  5. Growth of E-Commerce in Pharmaceutical Distribution: The rise of direct-to-consumer pharmaceutical sales through e-commerce platforms has increased the need for robust cold chain packaging to ensure that sensitive products reach customers in optimal condition.

Competitive Landscape

To lower package costs and increase market share, leading players in the pharmaceutical cold chain packaging market are investing in sophisticated technologies, forming alliances, and developing new products.

  • Sonoco Thermosafe announced in August 2021 a cooperation with Korean Air, a well-known South Korean airline and carrier, to lease the newest shipping container temperature-controlled Pegasus ULD.
  • In February 2021, Pelican Products began supplying temperature-controlled cases for COVID-19 vaccination delivery.

Key Players

Sonoco ThermoSafe; Cold Chain Technologies; Sealed Air Corporation; Nordic Cold Chain Solutions; Cryopak; CSafe Global LLC; TemperPack Technologies, Inc.; Insulated Product Corp.; Global Cooling, Inc.; Envirotainer AB; va-Q-tec AG; EMBALL’ISO; Softbox Systems; Sofrigam SAS; DGP Intelsius LLC; Tempack Packaging Solutions SL; TOWER Cold Chain Solutions; Pelican BioThermal LLC; Blue Star Limited; BIOBASE Group; Andores New Energy Co., Ltd.; Haier Biomedical Co. Ltd.; Tamai Kasei Co., Ltd.; Dhruvraj Syndicate; Valor Industries; KODIAKOOLER; WoolCool Ltd.; Allwin Roto Plast

Pharmaceutical Cold Chain Packaging Market by Category

By Packaging Format:

  • Passive Packaging
    • Single-use or One-way Use Packaging
    • Multiple Use or Reusable Packaging
  • Active Packaging
    • Reefer Trucks and Containers
    • Active Pallet Containers

By Product:

  • Small Boxes
  • Pallets
    • Single Pallets
    • Double Pallets
  • Large Sized Pallet Containers

By Material:

  • Polymer
    • Polyethylene
    • Polypropylene
    • PET
    • EPS
    • Polyurethane
    • Others
  • Metal
  • Paper

By Application:

  • Biologics and Biological Samples
  • Vaccines and Diagnostics
  • Others

By End Use:

  • Diagnostic Centers
  • Clinical Research Organization
  • Blood Banks
  • Vaccines Packaging Industry
  • Pharmaceuticals
  • Other Healthcare Units

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cap and Closure Market to Reach USD 137.2 Billion, Globally by 2034 at 5.3% CAGR: Future Market Insights, Inc.

The Cap and Closure Market is estimated to reach a valuation of USD 81.1 billion in 2024. The industry is projected to be worth USD 137.2 billion by 2034, rising at a CAGR of 5.3% between 2024 and 2034. The dynamic market is witnessing significant growth driven by diverse industries and evolving consumer preferences. Caps and closures play a critical role in preserving the integrity of packaged products, ensuring freshness and convenience.

The market encompasses a wide range of closures, including screw caps, flip-tops, dispensing caps, and tamper-evident closures, tailored to meet the specific needs of various applications. One key factor contributing to the expansion of the market is due to the rising demand in the food and beverage industry.

As consumer awareness regarding food safety and quality increases, manufacturers prioritize innovative cap and closure solutions to enhance product shelf life and maintain freshness.

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Similarly, in the pharmaceutical and healthcare sector, stringent regulatory requirements drive the adoption of secure and tamper-proof closures to safeguard the integrity of medical products. The packaging industry’s focus on sustainability has also influenced the market.

Manufacturers are increasingly exploring eco-friendly materials and designs, responding to the growing consumer inclination towards sustainable and recyclable packaging. This trend aligns with the broader industry shift towards environmental consciousness and corporate responsibility.

Technological advancements play a crucial role in shaping the market. Innovations such as child-resistant closures, smart packaging solutions, and anti-counterfeiting features are gaining prominence, addressing safety concerns and enhancing user experience.

Adopting advanced manufacturing processes, including injection molding and 3D printing, contributes to producing intricate and customized closures. As the demand for efficient and sustainable packaging solutions continues to grow, the market is poised for further expansion and innovation to meet the evolving needs of diverse industries worldwide.

Key Takeaways from the Market Study

  • Based on cap type, plastic closures are expected to hold a market share of 57.9% in 2024.
  • Japan is estimated to register at a CAGR of 3.5% by 2034.
  • The United States experiences significant growth, projected at a CAGR of 3.3% by 2034.
  • Based on end-users, beverages are anticipated to hold a market share of 46.4% in 2024.

Competitive landscape

The competitive landscape of the cap and closure market is characterized by the presence of key companies vying for market leadership. Regional and niche manufacturers contribute to the industry by providing specialized closure solutions.

Collaborations and partnerships are frequent tactics for exchanging technological expertise and expanding into new markets. The market’s dynamic nature stimulates ongoing innovation, guaranteeing that businesses can respond to changing customer needs, industry laws, and sustainability trends. Overall, the cap & closure market’s competitive dynamics are shaped by a combination of global giants, regional competitors, and new innovators.

Some of the recent developments are:

  • In July 2022, Guala Closures enhanced its market position by acquiring Labrenta.
  • In January 2023, Aptar Pharma introduced APF Futurity™, a groundbreaking metal-free and highly recyclable multidose nasal spray pump.

Key Players

  • Crown Holdings Inc.
  • Berry Global Inc.
  • BERICAP Holding GmbH
  • Guala Closures S.p.A
  • Closure Systems International Inc.
  • Amcor Plc
  • Silgan Holdings Inc.
  • Aptar Group
  • UNITED CAPS
  • Nippon Closures Co. Ltd.
  • Mold-Rite Plastics LLC

Key Segments of Cap and Closure Industry Survey

By Cap Type:

  • Plastic Closures
  • Metal Closures
  • Rubber Closures
  • Cellulose Screw Caps & Seals

By Material:

  • Plastic
  • Metal
  • Rubber
  • Cellulose Based

By End Use:

  • Food
  • Beverage
  • Pharmaceutical
  • Household & Toiletries
  • Cosmetics & Personal Care
  • Chemical & Petrochemical
  • Others

By Closure Diameter:

  • Less than 20 mm
  • 21 mm to 60 mm
  • 61 mm to 100 mm
  • More than 100 mm

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Security Holograms Market is Supposed to Rise at a CAGR of 5.1% through 2033 | Future Market Insights, Inc.

According to FMI’s latest study, the security holograms market is anticipated to be valued at USD 5,233.2 million in 2023. Security hologram sales are estimated to exceed USD 8,633.6 million by 2033, rising at a CAGR of 5.1% during the forecast period.

The increasing demand for anti-counterfeiting devices to tackle the threat of counterfeiting is driving the sales of security holograms. With the rise of counterfeit products, hair care and cosmetic brands are particularly affected. The availability of counterfeit products not only harms the reputation and value of the company but also harms unsuspecting buyers. This is leading end-use industries to use security holograms to protect their products.

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The education industry is also contributing to the growth of the security holograms market. The University Grants Commission (UGC) in India has requested all universities to provide security features, such as security holograms and QR codes on degree certificates, to provide proper verification and curb duplications. This order is likely to propel the demand for security holograms and help create a personal identity for students, which can be used in other universities due to its uniformity.

The players operating in the security holograms industry are ramping up their investment in technologies to offer the best solution to brands and companies to protect their products against counterfeiting. This is also driving the security holograms industry.

The high level of counterfeiting is also leading to a decrease in foreign investment, which further generates demand for anti-counterfeiting devices such as security holograms. This is increasing the growth of the security holograms market.

Key Takeaways from the Security Holograms Market:

  • The United States is predicted to be the leading region in the worldwide security holograms sector, with a share of 23.9% in 2022. According to the analysis, the US market was valued at USD 1,210.9 million in 2022.
  • Germany has 5.5% of the European security holograms market. Germany is expected to account for around one-fifth of European sales and to provide an incremental potential of USD 277.7 million throughout the forecast period.
  • From 2023 to 2033, China’s security holograms business is predicted to grow at a CAGR of 7.27%. The security holograms industry in China is expected to be valued at USD 1,037.6 million in 2023.
  • In South Asia, the security holograms industry in India is expected to be worth USD 622.8 million in 2023, growing at an 8.07% CAGR over the forecast period.
  • The market is led by the 2D/3D sector, followed by the electron-beam segment, in terms of product type. The targeted categories are expected to account for 32.1% of the market in 2023.
  • In terms of end-user, the document, passport, and packaging sectors are expected to account for more than 45.5% of the market during the projected period.
  • During the projected period, the polypropylene (PP) sector is expected to have a large share of roughly 45.5% in the security holograms industry.

Competitive Landscape

The primary manufacturers of security holograms are attempting to focus on innovation. Given this, there is a strong emphasis on new product introductions and the implementation of technology breakthroughs to meet the demands of diverse businesses. In addition, players are increasing production capacity to suit global demand for security holograms.

  • In February 2021, De La Rue plc announced the launch of DLR Validate™, a smartphone-enabled hologram validation tool.
  • In January 2021, Opsec Security launched OpSec® KeyCode, a first-of-its-kind holographic two-factor authentication label that protects brands from counterfeiting.
  • In December 2022, De La Rue plc launched NEXUS™, a new kind of security feature.

Key Players

UPM Raflatac, Inc.; The Griff Network; De La Rue plc; Mega Fortris Group Europe; Crown Roll Leaf, Inc.; Andrews & Wykeham Ltd; BEP HOLOGRAM AS; Nova Vision Inc.; Security Hologram, LLC.; Opsec Security; Demax Holograms plc; HV Hologram Europe; Diavy Srl; Kimoha Entrepreneur FZCO; K Laser Technology (USA) Co., Ltd.; Holoflex Limited; Uflex Ltd.; Packtica Sdn. Bhd.; Lasersec Technologies Pvt. Ltd.; Hira Holovision; Matrix Technologies; SK Hologram Co. Ltd.; AFC Technology Co., Ltd.

Security Holograms Market by Category

By Product Type:

  • 2D/3D
  • Dot Matrix
  • Flip Flop
  • Electron-beam

By Material:

  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)

By End Use:

  • Packaging
  • Apparel
  • Currency
  • Passport
  • Documents
  • Other (Credit Cards, Tickets, etc.)

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Glassine Paper Market is Expected to Reach a High Valuation of USD 4.99 Billion by 2033 | Future Market Insights, Inc.

The global glassine paper market is expected to experience strong growth in 2023, with revenues projected to rise by 3.2% yoy. The glassine paper market is poised for even greater expansion, with revenue expected to nearly double in the next decade. By 2033, the global market for glassine paper is estimated to reach USD 4.99 billion, up from USD 3.08 billion in 2023, reflecting a steady CAGR of 4.9%.

Glassine paper, known for its translucent, smooth, and glossy qualities, is made from bleached chemical pulp. It is widely used in various industries including food packaging, pharmaceuticals, and personal care due to its versatile and high-quality attributes.

One of the primary drivers of market growth is the increasing demand for packaging materials within the booming food and beverage industry. Glassine paper plays a crucial role in packaging a wide range of food products, including confectionery, baked goods, and snacks.

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With the global food and beverage industry experiencing rapid growth, spurred by factors such as population growth, urbanization, and changing consumer lifestyles, demand for high-quality packaging materials like glassine paper is expected to soar.

The rising disposable income and evolving consumer preferences are also expected to contribute significantly to the food and beverage sector’s expansion, consequently boosting the glassine paper market.

Understanding the Glassine Paper Market

The Glassine Paper Market refers to the global industry focused on the production, distribution, and consumption of glassine paper. Glassine is a smooth, glossy, and translucent paper that is typically made from wood pulp. It is highly resistant to air, water, and grease, which makes it ideal for various packaging applications, such as wrapping food, pharmaceuticals, and cosmetics, as well as for archival purposes in art and photography.

The market involves several key factors:

  • Demand: Driven by industries like food packaging (as it’s used to wrap products), pharmaceuticals (for blister packs), and retail packaging (due to its protective qualities).
  • Growth: Increasing emphasis on sustainable packaging solutions and the rise in e-commerce are factors propelling growth.
  • Trends: There is a growing shift towards eco-friendly, recyclable materials, making glassine paper an attractive option.

Key Takeaways: Glassine Paper Market

  • Glassine paper market is expected to grow at a projected CAGR of 4.9% from 2023 to 2033, accelerating from the previous growth rate of 3.3% from 2016 to 2022.
  • The United States held a 17.8% share of the global glassine paper market in 2022.
  • Germany contributed 6.7% to the global glassine paper market in 2022.
  • Japan accounted for 4.3% of the global glassine paper market share in 2022.
  • The United Kingdom market is expected to exceed USD 229.7 million by 2033, growing at a CAGR of 5.2%.
  • China’s glassine paper market is expected to grow at a 5.61% CAGR during the forecast period, surpassing USD 264.8 million by 2033.
  • India is projected to experience robust growth in glassine paper sales at an 8.15% CAGR, expected to exceed USD 306.1 million by 2033.

Recent Developments

  • In November 2022, Ahlstrom pointed up a unique piece of technology that enables very advanced base papers. It is the secret to address the barrier needs of flexible packaging while retaining the natural end-of-life advantages of paper.
  • In July 2021, Lecta S.A.has introduced glassine release liner papers to cater to the growing demand from the industrial sector.

Key Players Operating in the Market are

  • Glatfelter Corporation
  • Nippon Paper Industries Co. Ltd
  • Shandong Chenming Paper Holdings Ltd.
  • Glassine Canada Inc.
  • Cartiere Ermolli S.P.A.
  • Guilin Qifeng Paper Co., Ltd.
  • Henan Jianghe Paper Co., Ltd.
  • Spoton Coatings Private Limited
  • Kamakshi Lamipack Private Limited
  • Patidar Corporation
  • Singhvi Foils.
  • Sumika-kakoushi Co., Ltd.

Market Segmentation by Category

By Material Type:

  • Bleached
  • Unbleached

By Application:

  • Cups & Wrappers
  • Soap Wrapping
  • Flower Wrapping
  • Binding Paper
  • Tapes & Labels
  • Envelopes
  • Other Applications (Interleaving Paper, etc.)

By End Use:

  • Food
    • Bakery & Confectionery
    • Ready to Eat Meals
    • Others (Snacks, etc.)
  • Pharmaceutical
  • Personal Care
  • Printing & Publication
  • Chemical
  • Other Consumer Goods

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Plant-Based Food Industry Overview: Trends, Challenges, and Future Potential

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Over the past two years, plant-based food production in Europe has seen a twofold increase, with Germany at the forefront of this trend among its European counterparts. This surge is attributed to consumers’ growing preference for healthy and sustainable food options across the nation.

In recent years, there has been a notable decline in the consumption of non-vegetarian and meat products, as more German consumers embrace a vegan lifestyle.

According to Green Queen Media, the number of vegan consumers in Europe has reached approximately 2.6 million, doubling the figures from previous years. This trend positions Germany to become a prominent hub for plant-based food manufacturers in the future.

According to Future Market Insights’ new report, the global plant-based food market is anticipated to exceed USD 11.3 billion in 2023. Total market size is expected to reach USD 35.9 billion by 2033. Sales of plant-based foods are projected to escalate at a CAGR of 12.2% over the forecast period (2023 to 2033).

Rising trend of veganism and flexitarians worldwide is providing a strong impetus to the growth of plant-based food industry. Plant-based food refers to a broad range of food items created from organic plant-based materials. These foods are often made from vegetables, fruits, nuts, whole grains, legumes, and other plant components.

Plant-based foods don’t contain any animal products or those produced from animals, such as milk, meat, or eggs. Almond milk, tofu, tempeh, coconut milk, and seitan are a few of the most popular plant-based foods.

Over the years, there has been a sharp rise in the population of vegans due to growing awareness about the benefits of eating plant-based foods. People are showing an inclination towards consuming plant-based foods to protect the environment, reduce animal cruelty, and minimize the risk of disease acquisition. This has boosted plant-based food sales.

Plant-based diets have been discovered to have additional health benefits, such as a lower risk of developing diabetes, high blood pressure, and coronary heart disease. Hence, more and more people are opting for plant-based foods.

Thanks to the acceptance of digitization by the global economy, a variety of businesses have experienced tremendous expansion in recent years. Several plant-based food companies choose online channels for their product promotion and sales due to increased internet usage among consumers and the convenience of online transactions.

Similarly, numerous customers prefer to make purchases via online retailers, which motivates companies to maintain an online presence. Recently, more sites have also appeared, including specialty shops and food delivery services. This is significantly expanding the global plant-based food market.

Key Takeaways from the Plant-Based Food Market Study

  • The worldwide plant-based food market is set to cross a valuation of USD 11.3 billion in 2023.
  • Total plant-based food sales are likely to exhibit a CAGR of 12.2% throughout the assessment period.
  • Based on type, dairy substitutes segment holds a prominent share of the global plant-based food industry.
  • The USA plant-based food market is forecast to expand at a prolific CAGR during the projection period.
  • Plant-based food sales across the United Kingdom are projected to rise at a healthy pace through 2033.
  • India is expected to emerge as a lucrative market for plant-based food products during the assessment period.

“It is anticipated that the growing consumer awareness on how plant-based diet is more beneficial than a meat-based diet will lead to an increase in the sales of these products as they are much more humane and healthier in comparison,” says a lead analyst at Future Market Insights.

Who is Winning?

Various plant-based food manufacturers are concentrating on providing plant-based food at the most competitive prices in response to the growing consumer demand for it.

New product launches, acquisitions, partnerships, joint ventures, celebrity endorsements, and strengthening distribution channels are few of the key strategies employed by companies to gain a competitive edge in the market.

A few of the leading players operating in the plant-based food market are Beyond Meat Inc, Atlantic Natural Foods LLC, Vbite Food Ltd., Danone S.A., Tyson Foods Inc, Nestle S.A., Amy’s Kitchen, Garden Protein International Inc, Lightlife Foods Inc (Maple Leaf Foods Inc.), Impossible Foods Inc, and other players.

Get Valuable Insights into Plant-Based Food Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Plant-Based Food Market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the Plant-Based Food market based on Type (Dairy Substitute, Meat Substitute, Egg Substitute, Seafood Substitute), Source (Soybean, Nuts, Wheat, Pea), and Distribution Channel (Offline Sales Channel, Online Sales Channel, E-commerce Platform) across several regions.

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.

Get the full scoop—view the complete report. 

Plant-Based Food Industry by Category

By Type:

  • Dairy Substitute
  • Meat Substitute
  • Egg Substitute
  • Seafood Substitute
  • Others

By Source:

  • Soybean
  • Nuts
  • Wheat
  • Pea
  • Others

By Distribution Channel:

  • Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
  • Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

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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Food Colors Market Outlook: Trends Shaping the Global Industry

Food Color Market

The market valuation of the global food color market was US$ 4.76 billion in 2023. This market valuation is estimated to reach USD 4.83 billion in 2024. In addition, the moderate CAGR of 5.80% shall elevate the market valuation to USD 8.46 billion by 2034. This market development is influenced by various critical market forces that help the market grow.

Consumers have started to become more aware of their physical health, which raises concerns regarding healthy food and diet. Due to this, consumers have been demanding natural additives. This surges the demand for natural colors in food, which acts as one of the key market drivers.

Due to intercultural exchange, various global cuisines have crossed borders to reach different parts of the world. This emphasizes the demand for colors to give a conventional appearance to the cuisine, which is another market driver for the subject market.

Food appearance has gained significant importance. Due to this, cuisine preparation needs to be attractive. Consequently, to enhance the look of a dish, the use of colors has become common, which surges the demand for colors. As a result, this creates another crucial market driver for the said market.

Marketing channels have gained rising importance, emphasizing the look of a dish or beverage. Due to this, the rise of media marketing channels surges the demand for food additives. Thus, the changed marketing landscape is playing a role as the market driver.

The food color market in the United States is progressing at a moderate CAGR of 5.6%, the highest among other countries. The United States of America shows significant growth compared to other countries in the global food color market. The developing consumer base in the North American continent makes the region lead the market. Europe also has a diversified food culture, making it a great market contributor.

Key Takeaways from the Market Study

  • The market’s CAGR from 2019 to 2023 was 5.3%, which rose to 5.8% from 2024 to 2034. This is an optimistic scenario for the subject market.
  • Food manufacturers use vibrant colors more to attract consumers. However, excessive additives might affect human health, which is one of the key hindrances for the market.
  • The United States of America leads North America. It forecasts progress at a moderate CAGR of 5.5%.
  • Germany leads the European market, wherein the rising population has been one of the key factors for the market progress. It estimates the market advancement at a CAGR of 5.5%.

“The increased consumption of bakery items has surged the demand for food additives, particularly synthetic colors, to increase their shelf life and appearance. This has been driving the market segment significantly, contributing to its growth,” claims the FMI analyst.

Competitive Landscape

The discrete distribution of competitors globally creates several opportunities for new entrants. However, the global canvas creates various challenges for the players, as different countries have different laws and regulations for food additives.

Competitors bolster their market presence through various market strategies, including strategic alliances, partnerships, mergers and acquisitions, product development, and many other key strategic initiatives. These moves help marketers gain a competitive advantage.

  • In April 2019, Archer Daniels Midland Company innovated micronized color powder and added it to the organization’s existing product line.
  • In December 2021, Givaudan acquired DDW, which helped the business to penetrate the global market. The distribution network could be bolstered through this initiative.
  • In June 2022, Sensient Technologies Corp. acquired Endemix Doal Maddeler AS, which developed the business’s working market verticals.

The following organizations actively participate in the market competition:

  • Archer Daniels Midland Company
  • Allied Biotech Corporation
  • DIC Corporation (BASF SE)
  • BioconColors
  • DDW, The Color House
  • Döhler Group
  • GNT International B.V.
  • Kalsec Inc.
  • DSM
  • Naturex S.A.
  • ROHA ( A JJT Group Company)
  • San-Ei Gen F.F.I., Inc.
  • Sensient Colors LLC.
  • Symrise AG
  • Chr. Hansen Holding A/S

More Valuable Insights Available

Future Market Insights offers an unbiased global food color market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

The food color market is segmented based on color type (natural and synthetic), end-use application (beverage, bakery, snacks and cereal, dairy, fruit preparations/fillings, meat, poultry, fish and eggs, sauces, soups and dressings, seasonings, and pet food) and form (liquid, powder and gel) across seven major countries (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Exhaustive Market Report: A Complete Study

Food Color Market – Key Segments

By Color Type:

  • Natural
    • Beta Carotene
    • Carmine
    • Black Carrot Concentrated Juice
    • Grape Skin Red/Anthocyanidin
    • Lutein
    • Turmeric
    • Red Beet
    • Malt Extract
    • Spirulina
  • Synthetic Food Colors

By End-use Application:

  • Beverage
    • Milk Drinks and Milk Alternatives
    • Alcoholic Beverages
    • Carbonates (Carbonated Soft Drinks)
    • Sports Drinks
    • Coffee and Cocoa
    • Tea
    • Energy Drink
  • Bakery, Snacks and Cereal
    • Breakfast Cereal
    • Bread
    • Cakes and Pastries
    • Cookies
    • Biscuits and Cones
  • Dairy
  • Fruit Preparations/Fillings
  • Meat, Poultry, Fish and Eggs
  • Sauces, Soups and Dressings
  • Seasonings
  • Pet Food

By Form:

  • Liquid
  • Powder
  • Gel

By Region:

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

About the Food and Beverages Team at Future Market Insights

Future Market Insights food and beverage team offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has lucidly analyzed the industry in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

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: 

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

Egg Powder Market Insights: Demand Drivers and Future Scope

Egg Powder Market

The global egg powder market is expected to be at a valuation of USD 1,934.2 million in 2024. Egg powder sales are likely to account for roughly 5.8% of the overall protein market this year.

The worldwide demand for egg powder is projected to grow with a CAGR of 9.6% between 2024 and 2034. The global market size of egg powder by 2034, in terms of value, is forecast to be around USD 4,843.5 million.

Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives.

Furthermore, protein powders in the market were only available in whey and casein protein which are both dairy-based protein powders, making them unsuitable for people with dairy allergies. Egg powder, on the other hand, is lactose-free, making it an excellent alternative to dairy-based protein powders for many people with dairy allergies, driving up demand for egg powder.

Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals.

Increased Demand for Egg Powder in Bakery Products to Boost the German Market

The egg powder production market in Germany is projected to experience a compound annual growth rate (CAGR) of 13.2% during the forecast period.

German consumers prioritize high-quality, hygienic, and nutritious products, leading to a rise in the consumption of healthy bakery items made with egg powder. Furthermore, the use of powdered eggs and related food products is more prevalent in Europe, contributing to a surge in exports from Germany.

Key Takeaways from Market Study

  • The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period.
  • The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period.
  • North America is inferred to account for 2/5th of the global egg powder consumption  through 2032
  • Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period
  • The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly.

“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” says a Future Market Insights analyst.

Competitive Landscape

Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings.

This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities.

Detailed Market Study: Full Report and Analysis

Egg Powder Market By Category

By Type, Egg Powder Market is Segmented as:

  • Whole Egg
  • Egg White
  • Egg Yolk

By End Use, Egg Powder Market is Segmented as:

  • Food & Beverages
    • Bakery
    • Confectionery
    • Sauces & Dressing
    • Others
  • Personal Care & Cosmetics
  • Pharma
  • Dietary Supplements
  • Animal Feed & Pet Food
  • HoReCa
  • Others

By Sales Channel, Egg Powder Market is Segmented as:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region, Egg Powder Market is Segmented as:

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

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:

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

Egg Replacer Market Dynamics: Growth Opportunities and Competitive Landscape

Egg Replacer Market

The global egg replacer market is set for remarkable expansion, with estimates predicting a value of USD 1.4 billion by 2024 and a projected increase to USD 2.5 billion by 2034. This growth reflects a robust compound annual growth rate (CAGR) of 6.0% over the assessment period from 2024 to 2034.

Egg replacers, culinary products specifically designed to substitute eggs in various recipes, are gaining traction for their ability to mimic the binding properties of eggs in food preparations. Widely utilized in baking and cooking, these products are becoming essential ingredients in cakes, cookies, and other baked goods. The rising popularity of egg replacers can be attributed to several key factors, including their extended shelf life and suitability for individuals with dietary restrictions, such as food allergies.

Changing Consumer Preferences Post-Pandemic

The COVID-19 pandemic has transformed consumer behaviors and preferences, leading to a significant shift towards healthier eating habits and lifestyles. As more consumers seek out nutritious and balanced diets, the demand for plant-based and organic food products has surged. Egg replacers, known for being rich in protein and vital nutrients, cater to health-conscious consumers looking for dairy-free and animal-derived alternatives. This growing inclination towards healthier eating is expected to be a primary driver of substantial growth within the egg replacer market.

Market Insights and Trends

Recent research highlights several key insights into the egg replacer market:

  • Estimated Global Egg Replacer Market Size (2024E): USD 1.4 billion
  • Projected Egg Replacer Market Value (2034F): USD 2.5 billion
  • Value-based CAGR (2024 to 2034): 6.0%
  • Top 3 Countries’ Value Share: 23.8%

The bakery industry is witnessing an increased integration of egg replacers, particularly in the preparation of cakes and cookies. With the expansion of the confectionery sector and the growing demand for vegan baked goods, the need for egg replacers is projected to surge significantly. The market opportunities for egg replacers are further amplified by the rising consumer interest in dairy-free products, which provide the essential nutrients typically derived from eggs, while being entirely plant-based and vegan.

Health Concerns and Economic Factors Driving Demand

A significant factor behind the increasing consumer preference for egg replacers is heightened awareness regarding health concerns associated with traditional egg consumption. The cholesterol content in eggs, linked to cardiovascular diseases, has prompted many consumers to explore alternative options. Furthermore, economic factors, including the rising cost of eggs, challenges related to the transportation and storage of fresh eggs, limited cold-chain distribution, and the short shelf life of eggs, have driven producers to seek reliable egg alternatives.

As consumers become more aware of their dietary choices, they are gravitating towards products that offer health benefits without compromising taste or texture. Egg replacers not only fulfill this requirement but also align with the growing trend of ethical eating, which prioritizes sustainability and animal welfare.

Country-wise Insights

The following table shows the estimated growth rates of the top five countries. Japan and India are set to exhibit high freeze-dried food consumption, recording CAGRs of 7.1% and 8.9%, respectively, through 2034.

Countries CAGR 2024 to 2034
United States 4.0%
Germany 5.3%
Japan 7.1%
China 4.8%
India 8.9%

Get the full scoop—view the complete report. https://www.futuremarketinsights.com/reports/egg-replacer-market

Leading Egg Replacer Brands

  • Corbion NV
  • Tate & Lyle Plc.
  • Glanbia plc.
  • Ingredion Incorporated
  • MGP Ingredients
  • Enter-G Foods, Inc.
  • Dupont De Nemours and Company
  • Fiberstar
  • Puratos
  • Danone Nutricia
  • Others

Key Segments of Market Report

By Form:

As per form the industry has been categorized into Dry, Liquid

By Ingredient:

This segment is further categorized into Dairy Proteins, Starch, Algal Flour and Soy-based Products

By Application:

Application further Includes Biscuits, Chocolates, Cakes, Mayonnaise, Pasta, Noodles and Breads Swine

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa

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:        

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

Canned Mushroom Market Forecast: Emerging Trends and Key Drivers

Canned Mushroom Market

The global canned mushroom market is estimated to be valued at USD 10,003 million. Global canned mushroom sales will likely surge at a CAGR of around 3.7% during the assessment period, totaling USD 14,442 million by 2034.

Sales are expected to remain high for shiitake mushrooms, accounting for a value share of 32.5% in 2023. Taste, affordability, and health perception of shiitake mushrooms are leading to segment growth.

Multiple factors are anticipated to drive growth of the canned mushroom industry during the forecast period. These include rising demand for convenience food products and expanding usage of canned mushrooms in the HoReCa sector.

Canned mushroom demand is growing steadily throughout the globe. They are a convenient and shelf-stable way to incorporate mushrooms into cooking. Multiple benefits of tinned mushrooms are encouraging their adoption across households and HoReCa industry.

Factors such as busy lifestyles are prompting consumers to seek convenient, ready-to-cook products. This is acting as a catalyst triggering sales of canned mushrooms and the trend will likely continue through 2034.

Canned mushrooms provide a time-saving solution to busy households, cafes, restaurants, and hotels. Increasing consumption of tinned mushrooms across these sectors is expected to boost sales growth during the assessment period.

Germany is anticipated to provide significant growth prospects for industry players, driven by rising consumption and imports of canned fruits and vegetables. Sales of canned mushrooms in Germany are expected to increase at a compound annual growth rate (CAGR) of 7.3% through 2034.

Europe, led by nations such as Italy and Germany, is the dominant region for importing canned fruits and vegetables worldwide. According to the Centre for the Promotion of Imports from Developing Countries (CBI), Europe holds over 70% of the global market share for canned fruit and vegetable imports, which will further fuel sales growth.

What Are The Key Trends For Canned Mushroom Market?

The growing desire to live a healthy lifestyle has resulted in increased consumption of processed foods with health benefits. Consumers have recently become more concerned about their nutrition. Consumers across the globe are more likely to consume healthy foods with no side effects. As canned mushrooms are high in minerals, dietary fibers, vitamins, proteins, and other nutrients that consumers do not get from other food products.

Why is there a Rising Demand for Canned Mushrooms in India?

Expansion of the Food Service Industry to Boost the Demand for Canned Mushrooms in India

India is considered to have the largest food market in South Asia. With the expansion of the food service equipment industry, the demand for canned and processed food is increasing. As the leading organic market in South Asia, India is expected to offer unique opportunities for organically-certified canned mushrooms.

The presence of low-calorie and high-protein content in mushrooms is expected to help the canned mushroom market grow during the forecast period. India is expected to grow significantly during the forecast period, owing to rising awareness about the health benefits of eating mushrooms.

Key Takeaways from Market Report:

  • The global market value is projected to total USD 14,442 million in 2034.
  • By product type, shiitake mushroom segment is forecast to account for a value share of 32.5% in 2024.
  • By nature, organic segment is set to hold a market share of 18.5% in 2024.
  • China is poised to record a CAGR of 4.2% through 2034.
  • Sales in the United States are expected to soar at a CAGR of 2.3% from 2024 to 2034.

“Growing consumer demand for convenient food products is expected to provide a strong thrust to the canned mushroom industry during the forecast period. Key players will likely focus on introducing novel varieties to capitalize on emerging opportunities.” – Nandini Roy Choudhury, Client Partner at Future Market Insights 

Get the full scoop—view the complete report. https://www.futuremarketinsights.com/reports/canned-mushroom-market

Who is Winning?

Bonduelle Group, Greenyard NV, B&G Foods Inc., The Mushroom Company, Monterey Mushroom Inc., Dhruv Agro, Prochamp B.V., Monaghan Mushroom Ltd., and Shanghai Finc Foods Co. Ltd. are few key canned mushroom manufacturers listed in the report. Developing new varieties with enhanced functionalities is becoming a key strategy for industry players globally.

Several companies are implementing marketing and branding strategies to stay relevant in the market. Similarly, strategies like distribution agreements, partnerships, collaborations, acquisitions, and mergers are becoming popular among players.

Industry Updates:

  • In June 2024, Netherland-based Procham showcased latest products at the Gulfood Trade Show in Dubai between 19 to 23 February.

Want More Insights?

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global canned mushroom market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights based on nature (organic and conventional), product type (shiitake mushroom, oyster mushroom, and button mushroom), form (sliced, whole, and pieces and stems), and end-use application (HoReCa and retail/household) across several regions.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
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