Stalkerware Market: Growing at 6.2% CAGR, Reaching US$ 279.2 Million by 2033

Between 2023 and 2033, the stalkerware market is anticipated to grow at a 6.2% CAGR. By 2023 and 2033, the market is projected to be valued US$ 128.8 million and US$ 279.2 million, respectively. Prior to that, the sector was growing, with a market of US$ 112.5 Mn in 2021.

As the number of businesses grows and the risk of cyberattacks increases, it is anticipated that the market for stalkerware would grow dramatically. Trojans, ransomware, phishing, malware, and other sophisticated assaults created by hackers create a huge market demand. Stalkerware adoption is also aided by the rising use of cellphones and the necessity to protect the internet from serious dangers.

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Key Trends in the Stalkerware Market

During the day, as almost everyone works from home, advanced anti-virus solutions have become critical for supporting live streaming, e-learning, and other online activities. In addition, the continual benefits of antiviral technology in increasing Wi-Fi coverage satisfy the increased need for internet connectivity throughout the home fuel industry expansion. This scenario is expected to improve the market’s growth rate throughout the course of the forecast year.

The stalkerware market is seeing a growth in the adoption of cloud-based antivirus. Cloud-based antivirus, which offloads the operation to a cloud-based server, is an alternative to slowing down the computer with an antivirus suite. Cloud antiviral protects PCs, laptops, and mobile devices by providing behavioral-based screening and updating anti-malware capable of saving data.

Regional Outlook

Over the forecast period, Asia-Pacific is anticipated to have the largest CAGR. The increased usage of mobile device applications and platforms in APAC countries is related to the region’s growth. Many countries, including China, India, and others, are expanding infrastructure spending to spur economic growth for the stalkerware market.

North America’s dominance in the global market for stalkerware is expanding as a result of reasons such as ageing infrastructure and an increase in the number of research and development activities.

Key Takeaways

  • Android/iOS segment by platform to have a market share of 55% and a CAGR of 5.6% during the forecast period.
  • Throughout the projection period, the artists/individuals’ end user segment is anticipated to grow at a CAGR of 6.2% and reach a market share for stalkerware of 64%.
  • The windows platform segment is expected to achieve a market share of 20% and a CAGR of 2.3% throughout the forecasting period.
  • Along with a CAGR of 5% during the projection period, the enterprise end users’ category is anticipated to reach a market share for stalkerware of 26%.
  • The Mac platform sector is estimated to have a 25% market share and a CAGR of 3.5% over the projection period.
  • Educational end users are predicted to achieve a market share of 10% while experiencing a CAGR of 4.6% throughout the projection period.
  • North American market for stalkerware to grow at a CAGR of 4.0% and grab a market share of 30% between 2023 and 2033.
  • Between 2023 and 2033, Latin American market is projected to rise at a CAGR of 4.7% and take home a 4.5% market share.
  • From 2023 to 2033, South Asia & Pacific may open up at a CAGR of 8.5% and acquire 18.30% of the market.
  • Between 2023 and 2033, European market will expand at a 5.2% CAGR, capturing a 16.3% market share.
  • East Asian market may boost at a CAGR of 6.2% and contribute for 24.5% of the market from 2023 to 2033.

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Scenario of Competition

The companies in the stalkerware market are investing a lot of money in these sectors in order to develop new technologies and expand their market share. These firms are partnering with domestic players in order to grow their business and market share in regional markets.

The top players in the market for stalkerware are FireEye, Cisco Systems Inc., Palo Alto Networks, Sophos Ltd., Broadcom, AO Kaspersky Lab, Fortinet, Inc. and others.

Recent Development

  • A high-security firewall and real-time scanning are both features of the stalkerware program that FireEye has published. The need for stalkerware services grows as a result.
  • As part of its threat grid project, Cisco has launched its safe malware analytics service, which provides prioritized threats and edge-to-endpoint integration, helping to increase sales of stalkerware solutions.
  • The yearly Threat Landscape Report from Avast was released in January 2019. In-depth coverage of the main security risks that clients may encounter in 2019 is provided in this study. The threats are gathered and compiled by the Avast Threats Labs Team.

Key Segments

By Platform:

  • Android/iOS
  • Windows
  • Mac

By End User:

  • Personal Users
  • Enterprise Users

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Digital Illustration App Market Soars: Surges from $157.1M in 2022 to $816.2M by 2033, Fueled by 14.4% CAGR

In 2022, the market for digital illustration apps was estimated to be worth US$ 157.1 Mn. The market is anticipated to increase from US$ 181.1 Mn in 2023 to US$ 816.2 Mn by 2033, growing at a CAGR of 14.4% over the forecast period.

Numerous freelance workers and creative professionals across the world identify as designers, illustrators, videographers, photographers, web developers, marketers, animators or fashion editors. These digital illustration apps are necessary for their content creation. Preference for digital illustration applications is growing since they let users produce art that looks professional. They also offer contemporary pattern pens and have a better color range and paint quality.

The straightforward interface of these applications enables users to experiment with unique digital art effects, and it is accessible on Android, iOS, Windows, and Mac. The need for precise digital drawing and sketching in a variety of applications and formats is expected to increase over the forecast period.

The usage of digital illustration apps in enterprises is growing fast. These businesses suffer many difficulties that can be related to their expansion, such as increasing business needs, the fluidity of their workforces, and a lack of time-bound projects that lower productivity. The increasing usage of creative digital art by small businesses is another important factor driving the market. They use these illustrations in their marketing campaigns to draw in their potential customers.

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Online art software and apps are evolving, and they are focusing on providing high-quality tools for better image illustrations. Social media and digital marketing are popular across all sectors presently. Companies and entrepreneurs are likely to adopt digital illustration applications to support virtual selling to spread in the market.

The digital illustration app market is expected to be dominated by North America owing to the immense technological development taking place. However, South Asia is expected to witness the fastest growth during the forecast period.

Key Takeaways

  • The market for digital illustration apps in the United States is anticipated to grow at a CAGR of 10.2% through 2033.
  • With a CAGR of 13.3%, the German digital illustration app market is expected to grow significantly during the forecast period.
  • With a CAGR of 19.3% throughout the research period, India is predicted to grow rapidly in the market for digital illustration apps by 2033.
  • The digital illustration app market in China is expected to grow at a CAGR of 18.5% over the forecast period.
  • With a CAGR of 10.3% throughout the research period, the market for digital illustration apps in Japan is anticipated to increase speedily.
  • The Android/iOS category of the digital illustration app market’s app type segment is predicted to develop at a CAGR of 16.3% through 2033.
  • In the market for digital illustration apps, the personal users section of the end-user category is estimated to showcase a CAGR of 13.3%% over the forecast period.

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Competitive Landscape

The top manufacturers of the digital illustration app market are Adobe Inc., Corel Corporation, Krita Foundation, SYSTEMAX, Inc., Ibis Mobile Inc., Savage Interactive Pty Ltd, MediBang Inc., Sergei Komarov, The GIMP Team, Serif Labs, Ambient Design, FXhome, Clip Studio Paint and others.

These companies have used a variety of tactics to raise their market share in digital illustration apps. To increase its clientele and revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

Recent Developments

  • In October 2022, the newest updates for Adobe Express were revealed by Adobe at Adobe MAX, the world’s largest creativity conference. Adobe Express is a template-based online and mobile tool. It enables creators to effortlessly generate, modify, and share distinctive content wherever they are,
  • In July 2021, FXhome updated the very advanced picture-making application Imerge Pro. In addition to the eight new effects, the update added new presets for effect stacking and underwent considerable modifications to the effects interface. Imerge Pro has avoided being grouped with other Photoshop alternatives by employing a method of picture production that is adjustable, versatile, and built for the various user workflow processes. Because of its flexible, non-destructive features and procedures, Imerge is perfect for creatives.

Digital Illustration App Market Segmentation

By App Type:

  • Android/iOS
  • Windows
  • Mac

By End-user:

  • Personal Users
  • Enterprise Users
  • Digital Artist

By Region:

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

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Gin Market Expected to Attain around US$ 31,996.0 Mn by 2033 | FMI

The global gin market is anticipated to reach a valuation of US$ 22,927.4 million in 2023, driven by various gin festivals. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 3.5% between 2023 and 2033. It is estimated to gain a valuation of approximately US$ 31,996.0 million by 2033.

The surge in disposable income per capita in emerging countries has created new opportunities for the global gin business. The gin market is now thriving in emerging nations where market expansion has been hampered by high costs of production and a lack of product acceptance.

Globalization has made millennials as well as younger generations more familiar with the mostly European alcoholic beverage. Gin’s appeal among younger generations is driving growth in yet-to-be discovered regions throughout the world. In addition to local beers and liquor, younger generations have developed a taste for a variety of alcoholic beverages as a result of increased social acceptance and availability. During the projection period, this is likely to drive gin demand.

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Key Takeaways from the Market Study

  • The gin market increased at a CAGR of 2.3% from 2018 to 2022.
  • The United States is expected to take over 24.6% of the gin market in 2023.
  • China is expected to control 11.8% of the global gin market by 2023.
  • By the end of 2023, Japan’s gin market will account for 6.3% of the worldwide market.
  • The gin market in France is expected to grow by 7.2% by 2023.
  • The gin market in the United Kingdom is predicted to grow to 5.5% by 2023.
  • London dry gins are predicted to account for more than 40% of the worldwide gin industry by 2023.
  • The online retail channels category is expected to account for 36.8% of the worldwide market in 2023.

“Consumer trend towards gin premiumization, gin festivals and craft gin movement to bolster the global gin demand over the next few years,” remarks an FMI analyst.

Competitive Landscape

The global gin market is particularly competitive because of the quantity of regional and multinational enterprises. Every company adheres to its business strategy in order to capture the largest possible market share.

The main corporations continue to focus on product innovation to capture consumer interest with the release of premium gins. These companies are increasing their financial investments in research and development, social media marketing, and international growth in order to maintain their market position.

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Product Portfolio:

  • Bacardi Limited is best known as the producer of the gin brand “Bombay Sapphire.” It is a high-end London Dry Gin. Bombay Sapphire is known for its botanical diversity as well as its striking blue bottle.
  • Diageo is well-known for products like as “Tanqueray,” a traditional London Dry Gin beloved for its well-balanced taste profile. Diageo also holds “Gordon’s,” one of the the global best-selling gin brands, which is available in both basic and flavored varieties.
  • Davide Campari-Milano N.V. is the parent business of the “Campari Group,” which owns numerous well-known liquor brands. “Beefeater,” a London Dry Gin recognized for its juniper-forward taste and typical gin features, is one noteworthy gin brand by this company.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global gin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the gin market, the market is segmented on the basis of product type (london dry gin, plymouth gin, genever/dutch gin, old tim gin, new american gin), price (standard, premium, luxury), distribution channel (hypermarkets and supermarkets, specialty stores, drug stores, online channel, others) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & 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 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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Vegan Dog Food Market Poised for a 7% CAGR, Eyeing US$ 26.35 Bn by 2033 | FMI

In 2023, the vegan dog food market was estimated to be worth US$ 13.58 billion. The vegan dog food market is anticipated to register a CAGR of 7% from 2023 to 2033, reaching a value of US$ 26.35 billion.

Vegan pet food is made with plant-based and natural components rather than raw materials sourced from animals, and it is guaranteed to be free from any form of animal abuse or exploitation. The key trends in the human food industry, such as vegetarianism, clean labeling, alternative proteins, and healthier ingredients, impact the pet food industry.

From Niche to Mainstream: The Surging Acceptance of Vegan Food Products

The development of vegan alternatives in the pet food industry has come at a perfect time since vegan pet owners want their animals to adopt this way of life alongside them. This discovery has proven vital to the expansion of the industry. Dogs fed organic dog food experience a variety of health advantages, including fewer skin conditions and allergies, fewer digestive issues, better overall health, and a higher quality of life.

Changes in family structures and lifestyles that promote pet adoption are driving the growth of dog owners worldwide, raising the need for organic dog food. Vegan remedies are frequently used to treat digestive issues in dogs, such as upset stomachs, constipation, and bloating.

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Paw some Paradigm Shift: The Global Surge in Pet Humanization Unleashes a New Era of Fur-Baby Love

The phrase ‘pet humanization’ is becoming a widely used term in the pet business as more pet owners desire to give their pets items or experiences similar to those provided to humans. Pet owners want nutritive advantages, excellent ingredient quality, enhanced digestibility, and animal safety in their pet food since they view their animals as family members. Demand for premium pet food with a high nutritional content is rising as a result of this trend.

The need to eat healthfully has become more widely recognized thanks to the humanization of pets. The surge in recent expenditures on pets signifies that pet owners now can allocate more funds toward premium pet food products.

Regional Outlook of the Vegan Dog Food Market

In terms of vegan dog food sales, North America dominated the market in 2023. This is a result of the widespread adoption of pets in American households. The general acceptance of pet humanization among North American consumers spurred the local market to expand even more.

The United States and Canada, two of the leading nations in the region, are seeing an increase in the popularity of veganism.

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Key Takeaways

  • Kibbles or dry segment of the product type category is predicted to have a vegan dog food market share of 24.3% by 2033.
  • The conventional sector to attain a substantial market share of 81.2% in the nature category between 2023 and 2033.
  • The adult sector to attain a substantial market share of 53.6% in the age group category between 2023 and 2033.
  • Through 2033, the store-based retailing segment to acquire a market share of 86.4% in the distribution category.
  • Between 2023 and 2033, the bags segment in the packing category held a vegan dog food market share of 36.8%.
  • The United States may achieve a 10% market share in the global vegan dog food industry between 2023 and 2033.
  • From 2023 to 2033, Germany might hold 5.9% of the global vegan dog food business.
  • Between 2023 and 2033, Japan’s vegan dog food sector share might rise to 6.4%.
  • From 2023 to 2033, Australia may hold a 3.2% share of the vegan dog food industry.
  • The vegan dog food industry in China is expected to record a CAGR of 3.5% during the forecast period.
  • The vegan dog food business in the United Kingdom may capture a 6.6% CAGR between 2023 and 2033.
  • The India vegan dog food industry is likely to record a CAGR of 30.8% from 2023 to 2033.

Competitive landscape

Vegan dog food producers are concentrating on enhancing their online presence and funding research and development to broaden their market. Multinational vegan dog food firms are expanding their manufacturing facilities and acquiring local players to widen their product options.

Recent Advancements

  • Mars Petcare Bolsters Royal Canin with Acquisition of Nom Nom Now: Expanding Success and Enriching Product Line

Mars Petcare acquired Nashville-based Nom Nom Now in January 2022. Mars Petcare may incorporate the newly acquired brand into its Royal Canin subsidiary as part of this deal. This acquisition aims to expand Nom Nom Now’s success while enhancing Mars Petcare’s product line.

  • Revolutionizing Pet Food: Bond Pet Foods and Hill’s Pet Nutrition Join Forces to Create Sustainably, Nutrient-Rich Alternatives

In November 2021, Bond Pet Foods, a business that uses precise fermentation to produce animal proteins for use in pet food, partnered with Hill’s Pet Nutrition. The cooperation aspired to build a more environmentally friendly product to replace one of Hill’s most well-liked meat-based goods. The fermented protein can be created considering the nutritional needs of cats and dogs.

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Key Segments

By Product Type:

  • Kibble/Dry
    • Extruded
    • Baked
    • Coated
  • Dehydrated Food
  • Treats and Chews
    • Pastes
    • Creames/Cream Snacks
    • Crunchy Snacks
    • Chew Sticks
    • Tablets
    • Biscuits
  • Freeze-dried Raw
  • Wet Food
  • Frozen
  • Powder
  • Freeze-dried Food

By Age Group:

  • Adults
  • Senior
  • Puppies

By Distribution Channel:

  • Store-based Retailing
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Pet Stores
    • Discounters
    • Independent Grocery Retailers
    • Drugstores
    • Other Retail Formats
  • Online Retailers

By Packaging Type:

  • Pouches
  • Bags
  • Folding cartons
  • Tubs & Cups
  • Can
  • Bottles & jars

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 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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Allulose Market to Surge at 22.6% CAGR, Reaching US$ 543.2 Million by 2033

In 2022, the allulose industry is anticipated to be worth US$ 221.3 Mn. Between 2023 and 2033, the industry is expected to increase at an 8.7% CAGR, from 236.9 million US$ in 2023 to 543.2 million US in 2033. In 2017, the allulose industry was valued at US$ 306.3 million, with total Allulose revenue expected to grow at a 7.7% CAGR from 2017 to 2022.

The increased use of allulose in the production of pharmaceutical medications for lifestyle disorders, as well as the expansion of the food processing industry in an emerging industry, are likely to drive the worldwide allulose industry.

The availability of low-cost substitutes, such as synthetic sugar, may stifle the expansion of the allulose sector. Furthermore, the scarcity of research on the long-term effects of allulose on the human body limits industry expansion. Allulose has the same flavor, texture, and performance as sugar, but with fewer calories, and as a result, many health-conscious consumers are adjusting their preferences toward consuming low-calorie healthful foods. As a result, increased demand for sugar substitutes is expected to fuel industry expansion for allulose throughout the forecast period.

Regular use of high-calorie sugar has a bad impact on health and can lead to obesity or even diabetes. Food imbalance, and the resulting imbalanced energy obtained from such ingested food, increases the risk of heart disease, high blood pressure, stroke, non-alcoholic fatty liver disease, and other health problems. Consumers in the modern day are looking for healthy foods, such as healthy snacks, as a result of a growing emphasis on health and the need to manage total calorie consumption.non-alcoholic fatty liver disease, and other health problems. Consumers in the modern day are looking for healthy foods, such as health snacks, as a result of a growing emphasis on health and the need to manage total calorie consumption.

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A low-calorie sweetener has several advantages over a high-calorie sweetener, such as not increasing blood glucose and insulin levels, having good digestive tolerance at approved usage levels, not promoting tooth decay, and others, which is increasing the demand for its use in foods and is well supported for consumption by many dieticians worldwide. The growing global awareness of low-calorie sugar consumption and the benefits associated with such consumption is expected to fuel the expansion of the global allulose industry during the forecast period.

Key Takeaways from the Allulose Market

  • The allulose industry is predicted to grow at an 8.7% CAGR between 2023 and 2033, owing to its utilization in the food industry.
  • Building a wellness and health center will pique Chinese curiosity. The powdered allulose industry was predicted to grow at a 7.9% CAGR.Building a wellness and health centre will pique Chinese curiosity. The powdered allulose market was predicted to grow at a 7.9% CAGR.
  • Between 2017 and 2022, the global allulose industry for food applications is expected to develop at a 7.8% CAGR.
  • Food development will establish India as a significant industry throughout South Asia.
  • The United States is expected to grow at an 8.2% CAGR in the allulose industry.
  • Growing demand for organic food, as well as increased knowledge of healthy lifestyles and diets, would generate chances for growth in India.
  • The powdered allulose category was predicted to grow at a 7.9% CAGR between 2017 and 2022.
  • The food industry is expected to develop at a 7.8% CAGR between 2017 and 2022.

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Who is Winning?

To capture a greater industry share, major players in the industry are continually experimenting with different business tactics including collaborations, the launch of new products, mergers, and acquisitions. Matsutani Chemical Industry Co. Ltd., Tate & Lyle, CJ Cheil Jedang, Bonumose LLC, Ingredion Inc., Samyang Corporation, Apura Ingredients, Icon Foods, Heartland Food Products Group, and Anderson Advanced Ingredients are a few of the major allulose industry participants.

Recent Developments in the Allulose Market:

  • Blue California said in September 2019 that it would enhance its allulose manufacturing capacity and aspire for GRAS approval for its allulose products.
  • Ingredion announced the opening of a new allulose factory in Asia Pacific, North and South America in November 2019. It would enable the corporation to service the industry in both regions more effectively.
  • Tate & Lyle, a leading producer, produced two new products, Tasteva M Stevia Sweetener and Dolcia Prima allulose, in 2020, to better the lives of future generations by delivering healthier food and drink options to its customers.

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Key Segments Covered in the Report

By Form:

  • Powder Allulose
  • Liquid Allulose
  • Crystals Allulose

By End Use:

  • Food
    • Bakery Products
    • Confectionery
    • Dairy Products
    • Sweet Spreads
    • Ice Creams and Desserts
  • Beverages
    • Carbonated Beverages
    • Fruit Drinks & Juice
    • Powdered Drinks and Mixes
  • Pharmaceuticals
  • Food Service Providers
  • Retail/ Households
    • Store-based Retailing
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Independent Small Groceries
    • Online Retailing

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia
  • Middle East and Africa (MEA)
  • OceaniaAbout 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
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Rosmarinic Acid Market Expected to Attain around US$ 309.56 million by 2033

According to Future Market Insights (FMI), the global rosmarinic acid market is presently valued at US$ 130.0 million in 2023. It is further poised to thrive at a CAGR of 9.1% during the forecast period 2023 to 2033. By 2033, total market size is projected to reach US$ 309.56 million.

The rosmarinic acid market is experiencing lucrative growth globally. This is due to rising applications across diverse sectors.

Rosmarinic acid is a natural polyphenolic compound, found in herbs such as rosemary, basil, and sage. It offers antioxidant properties and several potential health benefits.

The demand for rosmarinic acid in the food & beverages sector is growing rapidly due to its application in food as a natural additive for preservation and flavor enhancement. Similarly,  in the pharmaceutical sector, rosmarinic acid is used for treating inflammatory conditions such as arthritis, eczema, psoriasis, gastritis, and colitis.

With increasing consumer interest in natural ingredients with potential health benefits, the rosmarinic acid industry is expected to witness sustained growth across multiple sectors including food, healthcare, and personal care.

Rosmarinic acid’s antioxidant properties make it a choice for skincare formulations. It can help combat oxidative stress, protect against environmental damage, and soothe irritated or sensitive skin also due to its antioxidant and anti-inflammatory properties.

Rosmarinic acid has beneficial effects on conditions such as allergies, inflammation-related diseases, and skin disorders. As a result, it is being widely used in dietary supplements or incorporated into pharmaceutical formulations.

Rosmarinic acid has also shown promising outcomes as a feed additive in promoting growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices in livestock. Hence, it is being increasingly used in animal feed applications which in turn is set to boost the market.

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Key Takeaways from the Rosmarinic Acid Market Report:

  • The global rosmarinic acid market is expected to reach a market valuation of US$ 129.2 million by the end of 2033.
  • By application, food & beverages segment is predicted to reach a valuation of US$ 22.6 million in 2023.
  • The United States rosmarinic acid industry is projected to attain a valuation of US$ 102.4 million by 2033.
  • China market is anticipated to reach a valuation of US$ 17.2 million by 2033.
  • Rosmarinic acid demand in India is estimated to rise at a CAGR of 10.4% during the prediction period.

“The rosmarinic acid industry is witnessing lucrative growth, driven by its versatile applications in food, pharmaceuticals, cosmetics, and agriculture. Increasing consumer demand for natural ingredients and their potential health benefits further contributes to the market’s expansion.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Naturex (part of Givaudan), Kalsec Inc., Nutra Green Biotechnology Co., Ltd., Layn Natural Ingredients Corp., Hunan E.K Herb Co., Ltd, Monteloeder, Kingherbs Limited, Hunan Nutramax Inc., Changsha Vigorous-Tech Co., Ltd., Shaanxi Yi An Biological Technology Co., Ltd, Blue California, and others are the few leading players operating in the market.

Investments in research & development, acquisitions, and mergers are beneficial strategies for companies in terms of improving their product quality and expanding their market reach. This is because combining resources, expertise, and customer base can lead to access to new technology, distribution channels, manufacturing facilities, and talent.

Similarly, launching new products can help businesses stay competitive and meet the changing consumer demands, allowing them to attract new customers and retain existing ones while increasing their market share. For instance,

  • In 2020, Blue California and biotech developer Conagen commercialized Rosavel®, a next-generation natural preservation solution with 98% high-purity rosmarinic acid.

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Get More Valuable Insights

FMI has released an objective assessment of the global rosmarinic acid industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

Rosmarinic Acid Market by Category

By Product Type:

  • >96% Purity
  • <=97% Purity

By Form:

  • Powder
  • Liquid

By Application:

  • Food and Beverage
  • Pharmaceuticals
  • Nutraceuticals
  • Cosmetics & Personal Care
  • Animal Feed

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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Fish Feed Ingredients Market Remarkable Growth at Nearly US$ 74,123.9 million by 2033

According to Future Market Insights (FMI), the worldwide fish feed ingredients market is valued at US$ 56,000.4 million in 2023 and it is anticipated to reach US$ 74,123.9 million by 2033. Over the next decade, global fish feed ingredients demand is likely to increase at a CAGR of 2.8%.

Fish feed ingredients have an impact on the environment as well as on fish, thus it is important to assess feed ingredients and determine whether there is a better option that would be more effective and less harmful to the ecosystem. The substitute fish feed must be of excellent quality and nutritional content. Omega-3 fatty acids, sufficient levels of amino acids, a high protein content, digestibility, and taste, as well as insoluble carbohydrates, fibre, and heavy metals, need to be low since they affect the growth of fish and the feed conversion ratio. Feed costs must also be commercially viable, and feed production must be sustainable.

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Both algal oils and fish oils are important sources of omega-3 in nature, but algae oils have an advantage over fish oils in terms of consistency, sensory qualities, and ease of manufacture. The salmonids and shrimp’s color, the meat’s antioxidant content, and the aquaculture industry’s reproductive health are all improved by the microalgae pigment.

Over the past few years, the consumption of protein is increasing all around the globe due to increasing health awareness of people. Therefore, fish protein concentrate is an excellent source of protein for humans and can be easily blended with a cereal bar to enhance its nutrient content. This characteristic of fish protein surges its demand in the consumer health industry and propels the demand for fish feed in the market.

Many Countries are noticing an increase in demand for plant-based substitutes offered by the aqua feed sector. The market for plant-based fish feed is expected to expand rapidly due to the ease with which it is accessible and the nutritional advantages it offers to aquatic species. To fulfill the growing demand of aquaculture for plant-based substitutes, manufacturers are speeding up their efforts in creating and marketing plant-based solutions.

Key Takeaways from the Fish Feed Ingredients Report:

  • Global fish feed ingredients sales were valued at around US$ 56,000.4 Mn at the end of 2023. The market is projected to register a 2.8% CAGR and top a valuation of US$ 74,123.9 Mn by 2033.
  • Fish meal ingredient type is predicted to expand rapidly at a CAGR of 3.6% between 2023 and 2033
  • The United States fish feed ingredients market is projected to reach a valuation of US$ 18,531.0 million by 2033.
  • India’s fish feed ingredients market is growing at a CAGR of 7.0% between 2023 to 2033
  • Germany is projected to hold a dominant value share of 9.0% in the global fish feed ingredients market by 2023.
  • Japan is projected to hold a dominant value share of 10.0% in the global fish feed ingredients market by 2023.

“Fish feed holds 40% – 50% of overall fish costs and manufacturers are looking at new ingredients like plant-based, insect-based and new technologies in the production of fish feeds – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Cargill Aqua Nutrition, ADM Animal Nutrition, Skretting, Alltech Coppens, BioMar, Ridley Aqua Feed, Nutreco, Avanti Feeds Limited, and Ridley Corporation Limited, are key fish feed ingredients manufacturers listed in the report.

Processors and brand owners are increasing production capacity by extending production facilities and also investing in new technologies in the production of fish feed to reduce the price of fish feeds. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

  • In 2023, Skretting announced that it has opened its new shrimp and fish feed facility in Surat, India. The new facility has been built with an investment of EUR 18.5 million and will cater to domestic and export markets. It has three production lines with a capacity of 50,000 metric tonnes per annum.
  • In 2022, Taiyo Group Launches BUGS IN Insect-Based Fish Food after Countryside. Taiyo Feed Mill Pvt Ltd based in Chennai is the pioneer of fish feed manufacturing and exporting unit in India. Taiyo has launched ‘BUGS IN’, fish and turtles foods based on insects.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global fish feed ingredients 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 feed ingredients market based on ingredient type (tuna species type, vegetable broth, sea salt, oils & brine, and flavoring agent), by end-user (food processing industry and food service industry).

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Fish Feed Ingredients Market by Category

By Ingredient Type:

  • Fish Meal
  • Fish Oil
  • Soybean Meal
  • Grain-based Meal
  • Vegetable Oils
  • Vitamins & Minerals
  • Poultry Meal
  • Blood Meal
  • Hydrolysed Feather Meal

By End User:

  • Fish Feed
    • Salmon Feed
    • Carp Feed
    • Tilapia Feed
    • Catfish Feed
  • Mollusks
    • Oyster Feed
    • Mussel Feed
  • Crustaceans
    • Crab Feed
    • Shrimp Feed

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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Phycocyanin Market to Be Worth US$ 1,487.7 Mn by 2033| Future Market Insights Inc.

The anticipated value of the worldwide phycocyanin market in 2022 was US$ 754.40 million. The market is anticipated to reach US$ 1,487.7 million, growing at a CAGR of 7% from 2023 to 2033 due to shifting customer preferences toward natural food-grade substances.

The benefits of phycocyanin, a substance produced from spirulina, in terms of nutrition and color are driving tremendous expansion in the food and beverage industry. The pigment is mostly used as a natural coloring addition in the food industry. Its use as an additive for food coloring has received permission from the U.S. Food and Drug Administration (FDA).

The organically produced pigment can be used as a nutraceutical component since it has antioxidant activity both in vitro as well as vivo. Many countries forbid the import and export of items that include artificial food colors, which is assisting the phycocyanin industry’s growth.

Phytocyanin is one among the few naturally generated blue hues acknowledged in Europe, Asia and North America. Its use as coatings for pharmaceuticals and nutritional supplements was also permitted a few years ago. Spirulina extract is exempted from certification by the U.S. FDA Code of Federal Regulations since it has been approved as a color additive. It is produced by sifting spirulina platensis dry biomass and separating it with water.

Increasing the patent manufacturing process of these substances to ensure a stable supply of pigments, strengthening distribution channels, and increasing consumer awareness of the various benefits of natural components, particularly in emerging markets, may further contribute to worldwide expansion.

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Key Takeaways from the Market Study

  • Global phycocyanin market is expected to be valued at US$ 785 million by 2023
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.7%
  • From 2023 to 2033, the United States market for phycocyanin is projected to account for about 20% of global market share.
  • By form type, the powder segment was estimated to acquire 76.9% share in 2022.

On the basis of grade, the E18 food grade segment acquired a 56.9% market share in 2022.

“The phycocyanin products are gaining traction due to its natural origin, health benefits and application across a wide range of sectors,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the phycocyanin market are:

  • Cyanotech Corp
  • DDW Inc.
  • DIC Corporation
  • Dongtai City Spirulina Bio-Engineering Co., Ltd.
  • Fuqing King Dnarmsa Spirulina Co., Ltd.
  • GNT Holding B.V.
  • Sensient Technologies Corp.
  • Parry Nutraceuticals Limited
  • Döhler GmbH
  • Naturex S.A.
  • Naturalin Bio-Resources Co., Ltd
  • Far East Bio-Tec Co., Ltd.
  • Fraken Biochem Co., Ltd.

Some key developments of the leading companies in this market are:

  • A cooperative study into the impacts of the naturally occurring blue pigment phycocyanin obtained from DIC-cultivated Spirulina will be launched in 2022, according to an announcement made by DIC Corporation, Leave a Nest Co., Ltd and Innoqua Inc.
  • Innoqua’s core “environmental transfer technology,” which enables the recreation of particular marine ecosystems in enclosed environments (aquariums), will be used by DIC and Innoqua to raise corals and evaluate the efficacy of phycocyanin in preventing coral bleaching with the help of Leave a Nest.
  • The research will examine whether phycocyanin’s antioxidant qualities and its ability to block particular wavelengths of light when dispersed in seawater are effective in preventing coral bleaching, in addition to whether corals that absorb phycocyanin produce red fluorescence and do so in order to reduce the stress caused by solar radiation.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global phycocyanin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the phycocyanin market, the market is segmented on the basis of phycocyanin by nature (organic and conventional), by form (powder and liquid), by grade (E18, E25, E.0), by application (food & beverage, cosmetics & personal care, nutraceuticals, animal feed, aquaculture) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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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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Out-of-home Coffee Market to Hit USD 36 Bn by 2032| Future Market Insights Inc.

The out-of-home coffee market has experienced significant growth in recent years, with an increasing number of coffee enthusiasts preferring the convenience of purchasing their favorite brews on-the-go. This trend is largely driven by busy lifestyles and a growing demand for specialty coffee blends. Coffee shops, kiosks, and mobile vendors have capitalized on this opportunity by offering a wide range of coffee-based beverages, including lattes, cappuccinos, and cold brews, to cater to diverse tastes.

The global out-of-home coffee market is set to witness growth at a CAGR of 4.5% over the forecast period (2022–2032) and top a valuation of USD 36 Bn by 2032.

Changing lifestyle have altered the consumer behavior in past few years. Consumers who preferred tea over coffee have changed their preferences and have begun to consume coffee more than tea. Especially, working population having access to the coffee machines installed at their work places have shown an increased consumption of instant coffee since past half-decade.

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Key Takeaways from the Market Study

  • Europe is expected to dominate the global market by accounting for the maximum market value share of about 25% by 2022 end, followed by North America
  • U.S. is to account for the maximum market share of nearly 78% of the North American out-of-home coffee market
  • Rising coffee culture over tea consumption among youths in different regions across the globe is predicted to result in surging demand during the assessment period (2022–2032)
  • By product type, instant coffee is expected to account for the maximum market value share of the global market by 2022 end
  • Higher income groups and working population has an increased spending capacity which is likely to increase the demand for premium coffee brands of out-of-home coffee in the near future
  • Indirect channel is expected to account for a higher market value share than direct channel by 2032 end

Coffee with low caffeine content helps in building the metabolism and improve the functioning of the brain. Owing to these factors, consumers are preferring coffee over tea. Furthermore, increased spending capacity of working population have convinced them to switch to premium coffee brands which is expected to fuel the out-of-home coffee market growth over the forecast period (2022–2032).

Alongside, there have been a huge impact of covid-19 pandemic on the market attributing to the disruption on the supply chain due to worldwide lockdown. The exports and imports of coffee beans were hampered which led to the downfall in the revenue for various manufacturers. Almost all of the offices, restaurants and coffee shops were forced shut during lockdown which hindered the growth of the out-of-home coffee market.

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But now, as the restriction are lifted up, the market participants have started gaining a pace to gain a higher position in the market by addressing the needs of their customers and enhancing brand loyalty. This is likely to positively influence the growth of the market in the next few years.

“Increasing consumption of instant coffee has resulted in the installation of coffee machines at commercial places such as offices or communities where consumers have all-time access to drink coffee with varied flavors which is prophesied to increase the demand for out-of-home coffee in the coming decade”, says a Future Market Insights analyst.

Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years. For instance,

  • In 2020, a company named Tchibo introduced ground and whole bean coffee products with a light, medium, and dark roasted beans, particularly in the United States. These products were widely available at retailers like Jewel and Hy-Vee in the regional market.
  • Many manufacturers have started introducing new and innovative products by adding different flavors such as Italian roast, green bean, and mocha to attract a larger audience.

Explore More Valuable Insights

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

The study offers compelling insights based on product type (instant coffee, portioned coffee and roasted coffee), end use (HoReCa and commercial/office), and distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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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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By 2033, the Kitchen Hood Market is Anticipated to Reach a Market Value of US$ 18.8 Billion with a 4.5% CAGR | FMI

In 2023, the kitchen hood market is projected to reach a value of US$ 12.0 billion, and from 2023 to 2033, it is projected to grow at a CAGR of 4.5% to reach a value of US$ 18.8 billion. In the historical period from 2018 to 2022, the Kitchen Hood market experienced a CAGR of 2.2%.

The kitchen hoods effectively eliminate the unacceptable particles from the house and everyone in the cooking area, which also reduces toxic air and cuts down on bacterial growth as well as mold even.

One of the primary things about a kitchen is the ventilation. Originally, chimneys were built in a vertical direction so that they could be transmit the hot gases. In addition to the useful filtering support for the stove, kitchen hoods are designed in such a way that gases and also odors inside the house can be released from within. Kitchen hoods are one of the many mandatory appliances in any home.

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In fact, the primary function of a kitchen hood is to eliminate some toxic pollutants and gasses from within the confines of that specific room. In some cases, cooking might have a lot of steam, smoke and also grease which may affect the aged people or those with respiratory diseases.

In addition to the undesirable byproducts, such as kitchen hoods that decrease the amount of carbon monoxide in a house are known. Many health issues are associated with carbon monoxide and many inappropriate ventilation simply aggravates the anticipated risks from this poisonous gas.

Global Kitchen Hood Market: Market Dynamics

How is Electric Kitchen Hood driving the Demand in Commercial Sector?

Considering the growing trend of out-of-home eating, the number of commercial food establishments is on a rise globally, especially in the developing regions. This rise in food joints has proportionally spiked the demand for kitchen hoods. The reason being, exhaust treatment solutions are a primal part of kitchen designing. Additionally, various countries have regulatory standards and guidelines for the kitchen to abide by.

Commercial kitchens, generally, make use of ducted kitchen hoods over the ductless ones. Since, ducted kitchen hoods have larger ranges that tend to generate greater amounts of smoke, fumes or dirty air that should be vented outside.

Ducted hoods are likely to be more efficient for eradicating humidity and steam from the cooking area because of the fact that these are not actually filtering and re-circulating the air, instead venting it out of the kitchen completely.

How is Omni-channel Retailing Helping the Kitchen Hood Market Gain Momentum?

No sooner did the COVID-19 pandemic hit, a majority of the store retailers shifted to internet retailing.The trend of Omni-channel retailing had begun even before the COVID-19 pandemic became known to the world, however, the lockdown period was a nail in the coffin. Just from February to March 2020, there has been a dramatic shift to e-Commerce: the use of online grocery services more than doubled.

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A more important fact is that a considerable section of new e-Commerce users intend to continue with online retailing.This omni-channel shift during lockdown has been driving sales mostly across the food and beverage categories.Primarily, stores that develop effective Omni-channel capabilities so as to maintain position among the physical grocers and also in a digital sphere are driving the market’s momentum.

Will Technological Innovations Drive the Global Kitchen Hood Market over the Forecast Period?

Consumer spending is soaring high as a result of the increasing disposable income. Consequently, the indulgence on luxuries and technologically advanced products is rising.Product innovations amidst the technical sphere within the kitchen hood market have up ticked the demand for high-end kitchen hood.

Apart from being energy efficient and eco-friendly, smart kitchen hood with remote connectivity are serving convenience to the consumers. The players in the market are encouraged to develop innovations that facilitate hyper convenience in case of usage. In June 2020, Xiaomi launched the MIJIA smart kitchen hood.

The MIJIA smart kitchen hood tags along MIJIA app connectivity, featuring an interconnection between the hood and the cooker; thereby implying that if the cooker is turned on, the kitchen hood automatically gets turned on.

Global Kitchen Hood Market: Key Players

The key players in the global kitchen hood market are

  • Asko Appliances
  • Broan, Inc.
  • BSH Home Appliances Corp.
  • Elica S.p.A.
  • Faber S.p.A.
  • Falmec S.p.A.
  • Miele, Inc.
  • LG
  • Glen India
  • Panasonic Corp.
  • Samsung Electronics,
  • Whirlpool Corp
  • Among others.

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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