Food Dehydrators Market Rides High to a Bold US$ 2,028 Million Valuation by 2031, Reshaping Culinary Excellence

The global food dehydrators market size is predicted to reach US$ 3761 Mn by the end of 2031. As per the study by Future Market Insights (FMI), the market will show a steady rise at 6.4% CAGR between 2021 and 2031.

Dehydrated foods such as popcorns, chips, nuts, and other dehydrated foods are witnessing rise in demand from consumers, as well as new companies entering the market, as a result of the growing snacking culture among consumers. Freeze-dried and dehydrated snack products also have a longer shelf life, which adds to their popularity among customers. Busy lifestyles and a growth in the working population are important factors driving demand for convenient products such as processed and packaged dried food items, which have good flavour, are nutritionally preserved, can be consumed on the go, and need simple preparation procedures.

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Key Takeaways from the Food Dehydrators Market Study:

  • The U.S. is projected to account for more than 91.2% of the North American market in 2021, supported by enhanced need of longer shelf life products.
  • According to FMI analysis, Australia will acquire total share of 83.4% of the Oceania region in 2021, on the back of government and organisations focus on increasing the exports of agricultural products.
  • China is dominating the East Asia market owing to the change of ideology from “eating full” to “eating well” which entails to increasing the production of products for increasing the export index. China holds a prominent position in the East Asia market with expected market share to reach 49.9% in 2021.
  • Food Dehydrators industrial application to anticipated to hold 40.5% of market share in end-use segment in 2021.
  • Solar powered food dehydrators market is estimated to grow at a lucrative CAGR of around 7.7% over the forecasted period on the back of abundance availability in most of the regions and cost effective.

“As sustainability has become prominent in global market people now are not only focused on satisfying their own basic needs like food, but also inclined towards attending to others people’s requirements. To tackle the global food shortage problem food dehydrators play important role by reducing the food wastage.” said by lead analyst FMI

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Dehydrated Fruits playing vital role in Fostering growth of the Food Dehydrator Market

As due to the covid-19 induced pandemic, over all global population is focusing on boosting the immunity by including natural products like nutritional fruits (Apple, Bananas, Kiwi, etc) into their daily diet plan, still due to short lifespan of  the natural products like fruits and vegetable it becomes complex for the manufacturers to address the demands of consumers. In the wake of this scenario of increasing the shelf life of products without adding any artificial preservatives manufacturers are shifting towards food dehydrators which help to maintain the nutritional balance of the natural products and increasing shelf life of the products. This trend is expected to surge growth of the food dehydrator market over the forecasted period.

Who is winning?

Key players working in the global food dehydrators market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, research and development focusing on harnessing power of natural resources and strengthening the sales channels.

Some of the major companies offering food dehydrator are Hamilton Beach Brands, Excalibur Dehydrator, Lem Products Holding LLC, Koolatron Corporation, NESCO, Tribest Corporation, National Presto Industries, Inc., The Sausage Maker, Inc., NutriChef Kitchen, LLC, and Buffalo Appliances.

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Market Segments Covered In Food Dehydrators Industry Analysis

By Technology :

  • Vertical Flow
  • Horizontal Flow

By End-Use :

  • Industrial
  • Commercial
  • Residential
  • Others

By Energy Source :

  • Electricity
  • Biofuel
  • Solar
  • Others

Region :

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

Summary:

Food dehydrators are used to lower the water content from vegetables and fruits to increase their shelf life. Based on energy source food dehydrators are segmented into electricity, solar energy, biofuel amongst these solar energy is expected to gain more traction based on the factors like environment friendly, abundant availability and global reach.

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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Tempeh Market Dynamics Forecast an Explosive Surge, Set to Hit an Astonishing US$ 6.8 Billion Valuation by 2033

From 2023 to 2033, the global tempeh market is predicted to rise at a 5% CAGR and are predicted to reach around US$ 6.8 billion by 2033. The growing popularity of plant-based diets, greater knowledge of tempeh’s health advantages, and rising demand for convenient and healthy food options are driving the market. Tempeh is a fermented soybean product that is high in protein and low in fat. It is a versatile component that may be used in a wide range of meals, such as stir-fries, curries, and salads. The growing number of tempeh brands and products accessible in supermarkets and online retailers is projected to further propel the industry.

Customers feel that consuming tempeh and following a plant-based diet would improve their health and the environment, thus, demand for these products is quickly growing. Compared to tofu and other plant-based proteins, tempeh is a more expensive food. This could make it less appealing to some customers. The demand for plant-based foods like tempeh is rising as the world’s vegan population is expanding quickly. Vegans and vegetarians frequently choose tempeh because it is a rich source of protein and other nutrients.

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Key Takeaways

  • Germany Leads with Strong Growth: Germany establishes itself as a significant player in the international market, with a strong 5.9% value share in 2022.
  • India Advances: The Indian tempeh market has shown extraordinary growth, and in 2022 it will hold a sizeable 14.1% value share, indicating enormous potential and opportunity.
  • Stable Performance in the United Kingdom: With a respectable 5.4% value share in 2022, the U.K. retains a strong presence in the tempeh market, demonstrating stability and continuous development.
  • China’s potential Position: Thanks to its substantial customer base, China is likely to hold a 4.4% value share of the worldwide tempeh market in 2022, indicating potential growth prospects.
  • Australia and Japan Display Resilience: The market for tempeh in Australia (2.6%) and Japan (3.6%) is expanding steadily, demonstrating the countries’ resilience.

Competitive Landscape

Many small and major businesses are vying for market share in the fiercely competitive tempeh market. In the upcoming years, there will still be fierce rivalry in the tempeh industry. The rising demand for tempeh and the rising number of businesses joining the market are to blame for this. Businesses with distinct product offerings and excellent customer support are more likely to succeed in the marketplace.

Tempeh Queen:

Tempeh Queen: Based in Portland, Oregon, Tempeh Queen is a small, independent tempeh manufacturer. In 2009, two friends who were passionate about producing tasty and environmentally friendly tempeh launched the business. To make its tempeh, Tempeh Queen employs organic soybeans and a conventional fermenting method. Additionally, the business sells a range of tempeh items, such as burgers, crumbles, and skewers.

Noble Bean:

Since 1994, Noble Bean, a Canadian business, has been making tempeh. The business offers its goods in both the US and Canada. Noble Bean is renowned for producing premium tempeh using organic soybeans and a time-honored fermentation method. Additionally, the business sells a range of tempeh items, such as burgers, crumbles, and strips.

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Small World Foods:

A company called Small World meals makes a range of vegan meals, including tempeh. Two friends who were passionate about creating wholesome and sustainable food launched the business in 1989. To make its tempeh, Small World Foods uses organic soybeans and a conventional fermentation procedure. Additionally, the business sells a range of tempeh items, like as burgers, crumbles, and dogs.

Gardein:

Tempeh is one of the many plant-based foods produced by the firm Gardein. Two friends who were passionate about creating wholesome and sustainable food launched the business in 1995. To make its tempeh, Gardein employs organic soybeans and a conventional fermentation procedure. The business also sells a range of tempeh items, such as meatballs, nuggets, and breakfast burgers.

Recent Developments

  • Several new tempeh products have been introduced in recent years by well-known food manufacturers like Lightlife, Tofurky, and Amy’s Kitchen. This is a sign that the tempeh market is maturing and that consumer interest in tempeh products is rising.
  • The popularity of recipes and foods made using tempeh has increased recently. This is a result of tempeh’s rising popularity and the expanding selection of tempeh recipes available online and in cookbooks.

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About Future Market Insights (FMI)

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

 Contact Us:

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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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Fortified Yeast Market Energizes to a Bold USD 367.1 Million Valuation by 2032, Fortifying the Future of Nutritional Excellence

According to the recent FMI report, Fortified yeast market size exceeded USD 149.8 Mn in 2022 and is estimated to grow at over 13.5% CAGR between 2022 and 2032. US fortified yeast market stands at a market value of USD 17.9 Mn in 2022 and is expected to rise at a CAGR of 11.0% by 2032.

Due to the global incidence of celiac disease, demand for gluten-free food items is increasing in the global food and beverage sector. Celiac disease is an autoimmune illness in which a person’s immune system reacts to a specific gluten protein, causing inflammation and damage of the small intestine’s inner lining, or vili. Following a gluten-free diet is the recommended treatment for celiac disease which is, therefore, boosting the adoption of fortified yeast.

Fortified yeast is a gluten-free food component that can be used in 100 percent gluten-free recipes. It is grown primarily for nutritional value and is naturally gluten-free because it lacks barley, which is commonly found in brewer’s dried yeast.

Apart from that, consumers are influenced by the prevalence of chronic diseases such as diabetes, high cholesterol, obesity, and cardiac arrests to adopt specific diets in order to reduce their risk of developing such diseases. According to the World Health Organization, diabetes claimed the lives of 1.6 million people in 2016 and 1.9 billion adults were overweight.

According to the World Health Organization, over 17 million people die each year as a result of heart attacks and strokes. Nutrition plays an important part in sustaining a person’s good health, according to studies, and a balanced diet (RDA) can help minimize disease risk. This is posing a positive impact on the fortified yeast market in various parts of the world.

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Positive consumer perceptions of salt-free or low-sodium food products’ significance in blood pressure management promote sales of salt-free foods. Fortified yeast has a low sodium level by nature, and manufacturers of nutritional yeast are expected to profit handsomely from the current trend.

Key Takeaways from the Nutritional yeast Market Study:

  • North America is the leading region for the fortified yeast market, owing to the growing number of vegetarians and vegans who are gravitating toward nutritional yeast products, which is fueling the industry’s growth. North American nutritional yeast market stands at a market value of USD 26.4 Mn in 2022.
  • Fortified yeast products are gaining a positive reputation because of social media platforms like Instagram and Twitter. Food bloggers are pushing other goods, such as fortified yeast, and posting new recipes that employ nutritional yeast.
  • In EFSA’s evaluations of the safety of nutrient sources added to food supplements, the ULs defined by EFSA and the former Scientific Committee on Food (SCF) are used as a reference under EU regulation. EFSA assists the European Commission in determining maximum limits for vitamins and minerals in dietary supplements and fortified foods throughout this process.
  • Northern & Eastern Europe fortified yeast market stands at a market value of USD 23.7 Mn in 2022 and is expected to rise at a CAGR of 6% by 2032.
  • The most important factors of choosing fortified yeast products are freshness (taste or smell), quality, and price. The importance of the price grows with the increasing age of respondents and decreases with the increasing income of questioned consumers.

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“The players in the fortified yeast market can keep a stronghold on the developments in the market posing opportunities for application of fortified yeast. The major businesses are concentrating their efforts on new releases and significant investments in R&D. These actions give them a much-needed competitive advantage over their competitors. They are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency.” said a lead analyst at FMI.

Who is winning?

Key players operating in the global fortified yeast market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering fortified yeast are Quantum Nutrition Labs, Angel Yeast, Alltech, Lesaffre, Bob’s Red Mill Natural Foods, Kadac Pty Ltd., Bioforce Canada Inc., NOW Foods, Lallemand Inc., Cypress Ingredients, and Other.

Fortified Yeast Market by Category

By Nature, Fortified Yeast Market is Segmented as:

  • Organic
  • Conventional

By Form, Fortified Yeast Market is Segmented as:

  • Powder
  • Flakes
  • Tablet
  • Capsule

By Application, Fortified Yeast Market is Segmented as:

  • Food & Beverage
    • Bakery & Confectionery
    • Beverages
    • Soups, Sauces, & Seasonings
    • Functional Foods
  • Dietary Supplements
  • Personal Care
  • Other Applications

By Region, Fortified Yeast Market is Segmented as:

  • North America
  • Latin America
  • Western Europe
  • North & Eastern Europe
  • APEC
  • MEA

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Heritage Railways Trains Market Set to Soar at an Impressive 8% CAGR, Envisioning a Whopping US$ 680 Billion Valuation by 2032 | FMI

As per a recent market analysis by Future Market Insights (FMI), the heritage railways trains market is poised to reach a valuation of US$ 315 Billion in 2022. Sales are projected to increase at an 8% CAGR, with the market size reaching US$ 680 Billion by 2032.

A heritage railway, often known as a heritage railroad, is a railroad that operates as a living history train to recreate or preserve historical railroad scenery. Old railroad tracks that have been preserved to reflect a specific era in rail transportation history are called heritage railways. Railroad that runs a line with preserved and restored locomotives, trains, and equipment while typically offering train services to tourists; in essence, an operational open-air museum.

Preservation groups started to offer to purchase up abandoned stations and tracks as they saw the potential tragedy of losing conventional railways and equipment. Many railroad businesses were glad to get rid of unwanted goods and machinery, and some of them were also concerned about historic preservation. For instance, many railroad workers were saddened by the disappearance of historic steam engines and delighted by their preservation and continued usage on heritage lines.

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A preservation group or enthusiast owns a heritage railway, and in order to keep it operating, it might have to charge hefty admission fees. Despite the fact that train journeys are frequently brief, the rails and other railroad equipment endure significant wear and tear, requiring expensive upkeep. In order to increase the profitability of their operation, numerous for-profit businesses have acquired many heritage railway assets.

Key Takeaways from the Heritage Railways Trains Market Study:

  • The North America and Asia Pacific regions hold a market share of ~17% and ~25% respectively.
  • The Covid-19 pandemic had an 80% impact on the value of the Heritage Railways Trains Market.
  • Argentina, Brazil, Canada, Czech Republic, Finland, France, Germany, India, United Kingdom, and the United States of America are some of the most popular destinations for railway tourism.
  • Luxury Trains are the most popular Train types in the Heritage Railways Trains Market
  • Online booking channels lead the charts in Heritage Railways Trains Market booking channel segmentation.

“Heritage Railways offerings glimpse to old school slow life style, luxurious excursions are the main attractions tourists are seeking to escape the fast paced modern life.” – FMI Analyst said.

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Who is winning?

There are number of heritage railways around the globe taking travellers on a luxurious travel trip. The top businesses are able to maintain their competitive advantage in the industry by offering all-inclusive packages and saving tourists from having to navigate multiple channels for their trips. In addition to boosting the market, government investments and initiatives have helped firms improve the services they offer.

The key players in the Heritage Railways Trains Market :

  • Avon Valley Railway
  • Bideford Railway Heritage Centre
  • Helston Railway
  • Calcutta Tramways Company
  • Palace on Wheels

The Heritage Railways Trains Market by Category:

By Train Type:

  • Toy Train
  • Steam Train
  • Luxury Train
  • Tram Trains

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveller
  • Package Traveller
  • Tour Group

By Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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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Fish Waste Management Market Nets a Bold US$ 7,234.0 Million Valuation by 2033, Turning Ocean Byproducts into Environmental Excellence

FMI’s analysis reveals that the global fish waste management market is currently valued at US$ 5,412.0 million in 2023 and is expected to grow significantly, reaching a market valuation of US$ 7,234.0 million by 2033, exhibiting a CAGR of 2.9% during the forecast period. The industry for fish waste management will increase as a result of growing awareness of environmental sustainability, the need to utilize waste resources, and the increasing demand for alternative products and processes in various industries. During the forecast period, demand for fish waste management will also be driven by efficient waste management and circular economy practices

The market is anticipated to grow over the next ten years because of creative promotional strategies used by major fish waste processors while utilization of fish by-products in eco-friendly ways.

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Fish waste processors are using advanced technologies to convert fish waste into renewable energy sources such as biogas and biofuels.

Processors are finding ways to convert waste into valuable products such as oils, collagen, and fishmeal to be used in various industries.

Efficient fish waste management reduces the risk of ecological disruption by preventing waste accumulation in aquatic ecosystems. Treating fish waste correctly helps to safeguard marine and freshwater ecosystems, preserving biodiversity and maintaining the delicate aquatic habitat balance.

Processors of fish waste are partnering with other industries and organizations to improve waste management practices. This involves waste collection contracts with aquaculture farms, collaboration with research institutes to create innovative technology, and involvement with government authorities to ensure waste management regulations are followed.

Key Takeaways from the Fish waste management Report:

  • The global fish waste management market is anticipated to be worth US$7,234.0 million by 2033.
  • Global demand for fish waste management is likely to soar at 2.9% CAGR over the forecast period.
  • Based on the source, the fish segment is anticipated to reach a valuation of US$ 2488.5 million by 2033.
  • Based on the end-use industry, the fertilizers segment is anticipated to reach a valuation of US$ 1924.2 million by 2033.
  • The United States fish waste management market is projected to reach a valuation of US$ 1794.03 million by 2033.
  • During the forecast period, it is expected that the German market will grow in value at a CAGR of 7.2%.

“The fish waste management industry is concentrated on the effective utilization and ethical disposal of fish waste produced by the fishing and processing sectors. It includes multiple strategies that promote sustainability, resource efficiency, and environmental protection, such as recycling, repurposing, and processing fish waste into useful products” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Scanbio, SAMPI, Biomax Technologies Pvt. Ltd, Sorbwater, Blue Ocean Technology, Scottish Sea Farms, Vinh Hoan Corporation, Nam Viet, Vietnam Food, and Sancho Pancho are key fish waste management manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

  • In 2022, Vietnamese pangasius producer Sao Mai Group successfully processed fish fat into high-value products like cooking oil, margarine, and, shortening.
  • Biomax Technologies Pte Ltd has developed Biomax Rapid Thermophilic Digestion Technology, a process of converting organic waste from fish farms and fish processing plants into fertilizer in 24 hours.

Get More Valuable Insights

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

The study incorporates compelling insights on the fish waste management market based on source (fish surimi, meat surimi), and end use (food industry, pharmaceutical industry, animal Feed, pet food, food service, retail) across various regions.

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Fish waste management Market by Category

By Source:

  • Fish
  • Shrimp
  • Squid

By End-Use Industry:

  • Fish Meal and Fish Oil Industry
  • Animal Feed
  • Pet Food
  • Organic fertilizers
  • Energy Generation
  • Cosmetics
  • Pharmaceuticals

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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:

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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Middle East and Africa Hydrolyzed Bovine Collagen Industry is set for substantial growth, with projections indicating a rise to US$ 104.4 million by 2033 | FMI

In 2023, the Middle East and Africa hydrolyzed bovine collagen industry demand is projected to be worth US$ 42.4 million. It is anticipated to witness a CAGR of about 9.4% in the forecast period 2023 to 2033, By 2033, it’s anticipated that the Middle East and Africa would have grown to a value of over US$ 104.4 million. In the projection period, it is expected to provide an absolute dollar opportunity of US$ 62 million.

Natural components with clean labels are now more popular. It has prompted a shift away from chemical additions. Customers might hence start to favor organic goods such as hydrolyzed bovine collagen. Origins of collagen appeal to consumers looking for wholesome, naturally processed goods. Organic sources for collagen include the hides and bones of cows. Hence, demand might increase as consumers pay more attention to ingredient labels and become more health conscious.

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Demand for hydrolyzed bovine collagen has greatly increased due to trends in wellbeing and health. It might become a well-liked supplement for those looking to keep their wellbeing as a result of the aspect.

Consuming supplements blended with collagen might be a useful strategy to support several biological processes. Demand for the product is anticipated to rise as modern consumers aim to improve their health.

Hydrolyzed bovine collagen’s adaptability and versatility might increase demand in several sectors. It has applications in the food & beverage, cosmetics, and pharmaceutical sectors in addition to vitamins.

Its adaptability might make it highly appealing to contemporary consumers. It is also anticipated to deliver players the ability to utilize collagen in several products, which has raised demand.

Benefits of collagen have been promoted through both online and offline marketing. Influencers and medical professionals might discuss these supplements on social media.

The more individuals who hear about these communications, the more enthused they get about the product. These could contribute to increasing demand by 2033.

Internet and social changes have also had a vital impact on the surging demand. The world of today is extremely connected. It might make data flow more swiftly and have an impact on client purchasing behavior and decisions.

Research on hydrolyzed bovine collagen is currently more widely available. As today’s consumers are turning to the internet for information on health, demand is set to rise.

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Key Takeaways from Middle East and Africa Hydrolyzed Bovine Collagen Market Study:

  • The Middle East & Africa hydrolyzed bovine collagen industry showcased a steady CAGR of 11.0% in the historical period between 2018 and 2022.
  • United Arab Emirates hydrolyzed bovine collagen industry is expected to witness a CAGR of 9.3% in the forecast period.
  • Türkiye hydrolyzed bovine collagen market is anticipated to create an incremental opportunity of US$ 13.7 million in the review period.
  • In terms of product, the type I segment is projected to witness a CAGR of 9.2% in the assessment period.
  • Based on form, the dry category is estimated to expand at an average CAGR of around 9.1% in the evaluation period.

“Conventional wellness habits have an impact on the need for hydrolyzed bovine collagen. These usually have complex connections to ecology and natural resources. Civilizations in the Middle East & Africa have a long history of using natural items for health and beauty. Understanding that collagen might enhance joint mobility and face health is set to support demand.” – Says a lead analyst at Future Market Insights (FMI).

Competitive Landscape:

Prominent companies are spending in research initiatives to develop innovative collagen products that cater to specific needs. This includes making functional foods, beverages, cosmetics, and dietary supplements based on collagen. Businesses can expand into different marketplaces and gain a broader clientele by offering a range of goods.

Maintaining product quality and ensuring that sourcing and production processes are transparent are essential strategies. Strict quality control methods, certifications, and clear labeling are used to boost consumer confidence. To gain an advantage, businesses might describe in detail where and how their bovine collagen is made.

For instance,

  • Dubai welcomed JUJU Lifestyle in July 2023. This health and wellness company is renowned for its TikTok popular range of fizz pills. JUJU Collagen and GlutaFair are now easily accessible for sale in Dubai.
  • Nestlé Health Science Türkiye introduced Vital Proteins, one of the most popular collagen solutions in globally, to consumers in July 2022. As it entered the market, Vital Proteins encouraged its clients to discover their inner light.

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Key Companies Profiled:

  • GELITA AG
  • Rousselot
  • Symatese
  • Collagen Solutions Plc
  • DSM
  • Advanced BioMatrix, Inc.

Middle East & Africa Hydrolyzed Bovine Collagen Market Outlook by Category:

By Product:

  • Type I
  • Type II
  • Type III
  • Other Product Types

By Application:

  • Food & Beverage
  • Functional Foods
  • Functional Beverages
  • Meat Processing
  • Dietary Supplements
  • Nutrition Bars
  • Desserts
  • Others
  • Healthcare
  • Bone Reconstruction
  • Dental Applications
  • Tissue Engineering
  • Cosmetic Surgery & Wound Healing
  • Cardiology
  • Research (Cell Culture, Cell Behavior)
  • Drug Delivery
  • Other Applications

By Form:

  • Dry
  • Liquid

By Country:

  • South Africa
  • United Arab Emirates
  • Saudi Arabia
  • Türkiye
  • Israel

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About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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T: +1-845-579-5705
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Organic Acid Market Ignites to a Bold US$ 18.8 Billion Valuation by 2032, Transforming Industries with Sustainable and Organic Innovation

The organic acid market is expected to reach a valuation of US$ 11.3 Bn in 2022. Sales of organic acids are anticipated to increase at a CAGR of 5.3%, reaching a valuation of US$ 18.8 Bn by 2032.

Organic acid is used in the food and beverage sector as a preservative to prolong the shelf life of food without altering its taste or flavour. It is also used in beverages due to its anti-oxidizing and anti-bacterial properties.

These acids have multiple applications in animal feed industry to inhibit bacterial growth and provide hosts with nutritional content. They are used in cosmetics to get rid of dead cells and nourish skin. Owing to these factors, demand for organic acids is expected to rise in the forthcoming years.

Consumers are adopting a healthy lifestyle and are conscious about the intake of any products that contain chemical ingredients which be harsh on their skin or cause any side effects because of daily consumption.

Consumer preference for brands that are offering organic products without harmful chemical additives is expected to influence the demand for organic acids. To fulfil rising consumer demand for natural products, manufacturers are developing technologies and clean label products that do not cause any harm to environment and human health.

Asia Pacific is expected to witness surge in demand for organic acids due to less stringent policies. North America is expected to be the hub for manufacturing and export of different organic acids due to easy availability of infrastructure and technical know-how.

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 “Growing preference for clean label products across the food & beverage sector, coupled with increasing incorporation of organic acids in animal feed will steer growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • The organic acid market is expected to grow at CAGR of 5.2% and 4.2% in North America and the Latin America, respectively, through 2032.
  • Asia Pacific is expected to account for 30% of the total organic acid market share share.
  • The Europe organic acid market is expected to reach a valuation of US$ 4.5 Bn over the forecast period.
  • Total sales in the U.S. organic acids market will reach a valuation of US$ 2.1 Bn in 2022.
  • The India organic acid market valuation will total US$ 1.07 Bn in 2022.
  • By application, sales in the poultry and farming segment are projected to account for 30% of the total market share.
  • Based on product type, demand for citric acid will continue gaining traction.

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Competitive Landscape

Key organic acid manufacturers are focusing on research & development to offer various products with no chemical additives. Key players are collaborating and developing new products to penetrate untapped markets. For instance:

  • Eastman Chemical Company announced the acquisition of 3F Feed & Food, a European pioneer in the commercial and technical producer of livestock feed and human food additives. 3F’s operations and assets, which are based in Spain, will improve and support Eastman’s animal nutrition industry’s sustained future demand and will be integrated into the company’s Additives & Functional Products division.

Organic Acid Market By Category
By Product Type:

  • Acetic Acid
  • Formic Acid
  • Propionic Acid
  • Ascorbic Acid
  • Lactic Acid
  • Citric Acid
  • Gluconic Acid
  • Fumaric Acid
  • Malic Acid
  • Other Acids

By End-Use Application:

  • Poultry and Farming
  • Pharmaceuticals
  • Industrial
  • Food & Beverages

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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BRICS Tourism Market Surpasses US$ 688.3 Billion Milestone, Set to Maintain a Robust 4% CAGR till 2032 | FMI

The BRICS tourism market is poised to reach a valuation of US$ 465 Billion in 2022. Sales are projected to increase at a 4.0% CAGR, with the market size reaching US$ 688.31 Billion by 2032.

Shri G Kishan Reddy emphasized that ecotourism, cultural tourism, nature and wildlife tourism specific locations may be utilized to improve visitor influx after the BRICS alliance for Green Tourism was adopted. The Sustainable Development Goals and sustainability will form the cornerstone of the new tourism strategy. In accordance with this strategy, measures will be implemented to promote renewable energy, product development, information sharing, and policy reform.

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Each of the BRICS countries has been recognized for their ability to grow the tourist sector, and experts in the field believe that the strategic alliance may one day account for the majority of the world’s tourism. In addition, the infrastructure and inbound tourist capabilities of China have been recognized. Brazil’s rich biodiversity significantly enhances its appeal as a travel destination. Russia and India are known for their strengths in cultural and heritage tourism, whereas South Africa is known for its beautiful terrain.

Key Takeaways from the Film Tourism Market Study:

  • Ratio of BRICS Tourism in global tourism market is 0.07%
  • The Covid-19 pandemic had a 0.9% impact on the value of the BRICS tourism Market.
  • Brazil, Russia, India, China and South Africa comes in BRICS Tourism Market
  • Cultural & Heritage Tourism, Medical Tourism, Eco/Sustainable Tourism, Sports Tourism, Wellness Tourism are the most popular Tourism types in the Brics tourism market.
  • Online booking channels lead the charts in Brics tourism market booking channel segmentation.

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Who is winning?

The top businesses are able to maintain their competitive advantage in the industry by offering all-inclusive packages and saving travellers the effort of browsing multiple channels for their trips. With the largest range of vacation packages, flights, hotels, vacation rentals, rental cars, cruises, activities, and attraction locations, it enables travellers to effortlessly plan and book their whole trip. Government investments and initiatives have helped enterprises improve their service offerings while also igniting the market.

The key players in the Brics tourism market

  • Thomas Cook
  • Cox and Kings
  • SOTC
  • Kesari Tours
  • Expedia
  • Signature Tours
  • Natripp

Global BRICS Tourism Market by Category

By Activity Type, the Global BRICS Tourism Market is segmented as:

  • Cultural & Heritage Tourism
  • Medical Tourism
  • Eco/Sustainable Tourism
  • Sports Tourism
  • Wellness Tourism & Others

By Booking Channel Global BRICS Tourism Market is segmented as:

  • (OTA) Online Travel Agents
  • Traditional Agents
  • Direct Booking

By Tourism Type, BRICS Tourism Market is segmented as:

  • Domestic
  • International

By Tour Type, Global BRICS Tourism Market is segmented as:

  • Independent Traveler
  • Tour Groups
  • Package Traveler

By Consumer Orientation, Global BRICS Tourism Market is segmented as:

  • Men
  • Women

By Age Group, Global BRICS Tourism Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46- 55 Years
  • 66-75 Years

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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Hydroponic Market Harvests Horizon: Surges to a Bold US$ 5.70 Billion Valuation by 2033, Pioneering a Green Revolution in Agriculture

The global hydroponics market size is anticipated to grow at a CAGR of 7% over the projected period, according to a Future Market Insights analysis. The hydroponics sector is anticipated to be worth US$ 2.78 billion in 2023. By 2033, FMI anticipated that the hydroponics market could increase to US$ 5.70 billion.

Hydroponics is one of the highly intense crop production methods in agriculture. Plants can be grown using this technique in a soilless environment and with nutritional solutions present. One of the widely used methods for growing crops without the use of pesticides or other artificial ripening agents is hydroponics. Given its capacity to better manage nutrient availability in the system, reduce the amount of time needed to generate significant crop yields, and limit soil-borne ailments, hydroponic crops are predicted to experience a sharp rise in popularity during the forecast period.

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The world’s population is growing quickly, raising the need for food by nearly 200,000 people per day. As crops are lost due to insect infestations, natural calamities like droughts and floods, and pest infestations, the amount of arable land is also reducing globally, and production costs are rising. As a result, commercial hydroponics systems are receiving significant financial investment around the globe.

Being a form of space-efficient food production that even those without access to land in urban areas and rural areas may adopt, hydroponics offers a workable approach to achieving food security. Owing to rising concerns about environmental deterioration brought on by greenhouse effects, hydroponic farming has become more significant. Also, there has been a progressive rise in the need for hydroponic farming to fulfill the mushrooming demand for fruits and vegetables as agricultural infrastructures have evolved and improved.

Since it involves less water, labor, and land, producing food without the use of pesticides or other crop protection agents is very profitable. The growing demand for fruits and vegetables grown without pesticides is another factor boosting the market for hydroponic systems. It is becoming more and more typical for plants to move mechanically. There are likely to be more inventive chances for the sector to flourish as concerns about food supply and security grow.

Hydroponic farming has been progressively growing to increase vegetable output and fulfill the demand that is mushrooming as a result of the growth and development of agricultural infrastructures. Hydroponic farming has become more crucial due to growing worries about environmental deterioration brought on by greenhouse effects.

Hydroponic farming is anticipated to evolve as a result of rising investments in cutting-edge agricultural technology and innovation trends. Since hydroponic farming requires 95% less water than conventional farming, the business is expanding. With the use of this technology, crops may be produced in cities in several vertical and horizontal layers without the need for soil.

In line with the rising appeal of hydroponics throughout the world, businesses and experts are working to boost the effectiveness of the hydroponics system to boost both the quantity and quality of the output. Several companies make significant investments in research and development to obtain cutting-edge technologies that boost output and inspire various cultivars. Strong partnerships with academic institutions and research facilities support the growth of the hydroponics business.

Given the widespread adoption of hydroponics in nations like China, Australia, South Korea, and others, Asia Pacific had the lion’s share of the hydroponics market in 2022. With the proliferation of urban hydroponic farms, FMI anticipated that the market in China and India could grow considerably over the forecast period.

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KEY TAKEAWAYS

  • The market in the United States has grown significantly in 2022 holding a 19.3% share of the global market.
  • The market in China is expected to grow at a CAGR of 8% over the forecast period.
  • The market in the United Kingdom is anticipated to grow at a CAGR of 7.5% through 2033.
  • With a CAGR of 13.4% over the forecast period, India is predicted to grow rapidly in the market.
  • Germany accounted for 9.9% of the global market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the hydroponics market are Emerald Harvest, Argus Control Systems Limited, Hydroponic Systems International, Emirates Hydroponics Farms, Advanced Nutrients (Canada), Freight Farms, Inc., Green Sense Farms Holdings, Inc., Signify Holding B.V., Terra Tech Corp, and others.

These companies have used a variety of strategies to get a solid advantage over their rivals. They have grown their number of new clients and prosperity by putting both organic and inorganic operational strategies into practice, such as the introduction of innovative goods, acquisitions, mergers, corporate modernization, and collaborations.

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RECENT DEVELOPMENTS

  • In October 2022, GrowGeneration Corp. (GRWG) established its first hydroponic store in Virginia, a 9,000-square-foot location in Richmond. To take advantage of the growing hydroponics market, GRWG intends to increase the number of its stores in the region.
  • In July 2022, with a $40 million investment, Bustanica unveiled the leading hydroponic farm in the world. Emirates Crop One, a partnership between Crop One, and Emirates Flight Catering (EKFC), opened its first vertical farm at the site.

Hydroponics Market Segmentation

By Product Type:

  • Aggregate Systems
  • Liquid Systems

By Equipment:

  • HVAC
  • Irrigation Systems
  • Control Systems
  • LED grow Lights
  • Material Handing
  • Others

By Input:

  • Nutrients
  • Rockwool

By Crop Type:

  • Tomato
  • Lettuce and Leafy Vegetables
  • Pepper
  • Cucumber
  • Microgreens
  • Herbs
  • Fruits
  • Others

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 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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Oat Revolution Unleashed: Oat Drinks Market Surges Towards a Bold US$ 1.6 Billion Valuation by 2033

The oat drinks market is predicted to be worth US$ 741.5 million in 2023 and rise to US$ 1.6 billion by 2033 at 7.8% CAGR. Initially, the global market was expanding at a CAGR of 6.2% between 2016 and 2022.

New, healthier options are one of the major market-moving reasons for oat drinks. For instance, some companies are now selling beverages made with oat milk fortified with extra vitamins and minerals.

Some producers also provide oat beverages without sugar or artificial sweeteners and instead use natural sweeteners like honey or agave. The market for oat beverages that are non-GMO or organically produced is expanding as well.

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The demand for oat cereal drinks has increased in the oat drinks industry. The popularity of oat milk, the appearance of oat-based smoothies, and the rising interest in plant-based beverages have contributed to this trend. Due to its creamy texture and nutty flavor, oat milk, in particular, has grown in popularity in recent years. Due to the rising desire for plant-based beverages, individuals are experimenting with oat cereal drinks as a substitute for dairy-based beverages.

Key Takeaways

  • By 2033, the United States is likely to dominate the oat drinks market, with a size of US$ 293.6 million.
  • The oat drinks market was significantly expanding, with a size of US$ 689.8 million in 2022.
  • There is a market opportunity of US$ 829.8 million in absolute terms, driven by the clean labels.
  • The expansion in China is anticipated to expand at an adequate CAGR of 9.3% by 2033.
  • By 2033, Australia is likely to expand in the oat drinks market, with a size of US$ 76.6 million.
  • By 2033, the oat drinks sector is likely to increase in Brazil, with a size of US$ 73.4 million.
  • The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 6.9% by 2033.
  • Based on product type, the regular full-fat segment led the market CAGR of 7.6% by 2033.
  • Based on flavor, the natural/unflavored continues to dominate the sector during the forecast period, with a CAGR of 7.1%

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Key Strategies in the Industry

Manufacturers like Oatly are looking for novel methods of milk extraction to establish distinctive selling points and set their products apart from the competition. The end product is more affordable because manufacturers’ direct purchases of premium raw materials from farmers favor market expansion.

Due to the growing set of startups and their increased need for convenience and health benefits, there is an increase in the demand for RTD tea and coffee in the startup market. The oat drinks industry consequently gains from this.

Lastly, the oat drinks sector has seen significant innovation spurred by the development of new technology. Businesses have created goods with better shelf life, enhanced carbonation, and innovative packaging technologies that enable greater customer convenience.

Recent Developments

  • Pure Harvest Farms collected US$ 180.5 million in June 2022 from international investors to support its growth.
  • Fazer Group purchased Kaslink in June 2019, expanding its lineup of oat-based products on a global scale.

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Key segments

By Flavour:

  • Natural/Unflavoured
  • Flavored

By Product Type:

  • Regular/Full Fat
  • Reduced Fat

By End Use Application:

  • Food Services
  • Retail Services

By Nature:

  • Organic
  • Conventional

By Format:

  • Shelf-stable
  • Refrigerated

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube