Eco-friendly Paper Plates Industry Analysis: Market worth US$ 1.82 billion by 2033

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The eco-friendly paper plates industry is a pivotal segment within the broader foodservice and disposable tableware sector, driven by the increasing global demand for sustainable and environmentally friendly alternatives to traditional single-use plates. As concerns about plastic pollution and environmental conservation grow, there has been a notable shift toward eco-friendly practices, prompting the development and adoption of disposable plates made from renewable and biodegradable materials.

The global Eco-friendly Paper Plates Industry is estimated to capture a valuation of US$ 1.17 billion in 2023 and reach US$ 1.82 billion by 2033. The global market is anticipated to capture a CAGR of 4.5% during the forecast period.

The Eco-friendly Paper Plates Industry is a segment of the broader disposable tableware and packaging industry. It specializes in the production and distribution of paper plates that are environmentally friendly and sustainable. These plates are designed to provide a greener alternative to traditional disposable tableware made from plastic or foam.

Rising demand for eco-friendly packaging products, increasing consumer awareness about the environment, and government restrictions over using single-use plastic products are estimated to bolster sales of eco-friendly paper plates during the forecast period. The market is anticipated to grow 1.5x the current value from 2023 to 2033.

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Driving Factors:

  • Environmental Concerns: The growing consumer awareness of environmental issues such as ecosystems and marine life impacts is fueling the global market. Consumers are more concerned about seeking eco-friendly alternatives to reduce hazardous pollution.
  • Regulation Initiatives: Government bodies are implementing rules and regulations to ban single-use plastics. They are promoting the adoption of eco-friendly alternatives to expand the global market.
  • Corporate Social Responsibility:Several organizations and businesses are taking initiatives to take environmental responsibility and sustainability. To maintain sustainability, these organizations are increasing the adoption of eco-friendly paper plates for meetings, events, and corporate parties.
  • Changing Consumer Preferences: Changing consumer preferences and growing awareness among the young generation to increase the adoption of sustainable products are advancing global market revenue.
  • Innovation and Product Development: Manufacturers are improving eco-friendly paper plate quality, performance, and design by investing hugely in research activities. They are adopting advanced technologies and innovations to lift the market upward.

 Market Trends

A substantial proportion of the plastic consumed by the general population ends up polluting oceans, landfills, and the broader environment, raising alarming environmental concerns. The production of plastic-based items involves the deployment of toxic chemicals, contributing to soil contamination and permeating the human food chain. In response to these ecological repercussions, there is a discernible shift towards the adoption of eco-friendly paper plates as a sustainable and safer alternative.

The rising environmental consciousness among the general population is increasingly driving the widespread use of eco-friendly paper plates in the food and food service industry. The surge in awareness regarding the detrimental impact of plastic on the environment is expected to significantly propel the sales of eco-friendly paper plates as a responsible choice, contributing to a positive environmental footprint.

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Key Players Profiled:

  • Huhtamaki Oyj
  • Graphic Packaging International, LLC
  • HOSTI GmbH
  • Pactiv LLC.
  • Itterra a.s.
  • Oy Mini-Maid Ab
  • Happiness Moon Co., Ltd.
  • Dart Container Corporation
  • Boardlink
  • Natural Tableware
  • Duni Group Global
  • DOPLA SPA
  • Gafbros Ltd.
  • Plastirun Corporation
  • Shandong Shengquan New Materials Co., Ltd.
  • Dinearth Eco-Friendly Tableware.
  • Biotrem
  • GreenPlate
  • Pappco greenware

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Market Segmentation:

By Size:

  • Less than 8 inches
  • 8 inches to 12 inches
  • More than 12 inches

By Product Type:

  • Partition
  • Plain

By Sales Channel:

  • Business to Business (B2B)
  • Business to Consumer (B2C)

By End Use:

  • Commercial
  • Institutional
  • Household

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The 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.

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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Music Tourism Market Poised for Remarkable Growth, Predicted to Hit US$ 14 Billion at a Resonant 9% CAGR by 2033 | FMI

The market for music tourism is predicted to grow from US$ 5.91 billion in 2023 to US$ 14 billion by 2033. The industry is predicted to grow between 2023 and 2033 at a CAGR of 9%.

Jazz, EDM, Techno, Pop, and Rock, etc. are all genres offered by The Netherlands to attract crowds by organizing music fests. The adoption of music tourism encourages the meeting of new people and amalgamation of cultures. The music tourism industry adapts to developing global trends and lifestyles.

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What are the Key Factors that Drive the Music Tourism Market?

  • Social media influencers and bloggers prefer travelling for leisure, entertainment and content, increasing the demand for music tourism.
  • The love of music for musicians and music enthusiasts advents innovation thus expanding the music tourism market share.
  • Improved loving standards and per capita income growth have influenced the adoption of music tourism.
  • Consumers who are travellers increase the demand for music tourism as the thrill of crossing international borders is desirable.
  • The scheduled performances of international and national musicians in different regions across the globe, expands the global music tourism market size.
  • The growth of travel and tourism industry is consecutively contributing to the growth of the music tourism market share.
  • Giveaways, competitions, lucky-draws, etc. pique the interest of consumers for music tours.
  • The adoption of music tourism stems from the increasing number of national and international music events.

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What are the factors that Hinder the Music Tourism Market?

  • Events taking place overseas might hinder the growth of the music tourism market size on account of consumers reluctant to travel.
  • Baby boomers unwilling to disburse from their budget bracket can curb the demand for music tourism.
  • Restrictions on travelling and the social distance protocol during the pandemic obstructed the music tourism market share.
  • Most events can be exorbitant to the general population, therefore hampering the global music tourism market size.

What is the Scope of the Music Tourism Market?

  • The demand for music tourism is expected to grow as travel products and facilities are better aligned with travelling and the events itself.
  • Crowd handling arrangements should be supervised to improve capacity and thus, push the demand for music tourism.
  • Representing best new artists unprecedentedly live on a platform can promote growth of music tourism market size.
  • Consumers being offered a variety of services by international and domestic companies in roadways, airways and the seaways sectors increases adoption of music tourism.
  • The adoption of music tourism in cities that have not received recognition and glamour from the media can increase the market growth.
  • International and national celebrities collaborating with clubs and hotels can boost the growth of the music tourism market share.

What are the Regional Insights of the Music Tourism Market?

North America is the leading region for music tourism.

World renowned music festivals like Coachella, Lollapalooza, etc. have expanded the market size, by introducing new artists.

The average music tourist spends a minimum of $300 on travel and accommodation in the US.

Europe is second in leading the market for music tourism.

Belgium, Italy, Portugal and The Netherlands are the most sought-after countries for music industries to organize festivals.

The Asia-Pacific is growing in the music tourism market with South Korea, India, Hong-Kong, Singapore, Malaysia, etc. sporadically houses music tours.

What is the Competitive Landscape of the Music Tourism Market?

Some of the key players of the music tourism market size are

  • AEG Worldwide
  • LiveStyle
  • Live Nation Entertainment
  • Global Spectrum LP
  • Venu Works Inc.
  • ID&T Belgium
  • SFX Entertainment
  • Percept Ltd
  • TAG Group
  • ACFEA Tour Consultants

Some of the recent developments in music tourism are:

  • About 1.9 million tourists were drawn to be Ibiza and the neighbouring island of Formentera, which was more than half of the pre-pandemic numbers.
  • In 2013, the Glastonbury Festival witnessed less on-site spending than that of off-site spending, having an overall £93 Mn economic impact on the event.
  • For a post-pandemic world, San Francisco based “Flymachine” raised US$ 21 Mn to build a virtual concert platform.

Music Tourism Market by Category

By Type:

  • Local Music
  • International Music

By Tourist:

  • Pay to Visit
  • Get Paid to Visit

By Industry Vertical:

  • Music Tourism
  • Fashion Tourism
  • Food Tourism
  • Sports Tourism
  • Medical Tourism
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The 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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Strapping Supplies Market Set to Hit US$ 7,692.7 Million by 2033: Exclusive Report

The worldwide strapping supplies market is poised for significant growth, with market valuation projected to rise from approximately US$ 4,739.8 million in 2023 to an estimated US$ 7,692.7 million by the year 2033. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 5.2% over the forecast period spanning from 2023 to 2033. The increasing demand for strapping supplies across various industries is expected to be a key driver of this growth.

Key components of the strapping supplies market include a variety of materials such as steel, polyester, polypropylene, and composite straps. Each material type offers specific characteristics suited to different applications, ranging from heavy-duty industrial strapping to lightweight and flexible solutions for smaller packages. Additionally, the market provides an array of strapping tools and accessories, including tensioners, sealers, and dispensers, to facilitate efficient and secure strapping operations.

The demand for strapping supplies is set to maintain its robust presence, with the logistics and transportation sector anticipated to be a pivotal contributor. According to insights from Future Market Insights (FMI), the logistics and transportation segment is expected to claim a substantial share, accounting for approximately 31.7% of the global market in 2023. This data underscores the sector’s indispensable role and enduring significance within the broader strapping supplies market.

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Market Growth Factors

With expanding industrialization and commercialization in emerging parts of the world, the logistics and transportation requirements to support the shipping of goods have increased dramatically. Thus, the rising need for strapping materials in order to facilitate the movement of raw materials and goods to the construction sites is expected to fuel the growth of the strapping supplies market.

The construction industry is witnessing a rapid rise, as per FMI. According to Global Construction Perspectives and Oxford Economics global construction market is expected to grow by 85% to US$ 15.5 Tn by 2030 with three countries namely, the U.S., India and China accounting for 57% of all global growth.

The escalating demand for strapping supplies across diverse sectors such as logistics and transportation, food and beverage, and consumer goods is a primary driving force for the target market. The pervasive need for secure and efficient strapping solutions in these industries is propelling the growth of the strapping supplies market.

Market Drivers

  1. Sustainability: Increasing emphasis on sustainable packaging and materials is driving innovation in strapping supplies, including the development of eco-friendly options.
  2. Industrial and Manufacturing Growth: Expanding industrial and manufacturing activities create a consistent need for strapping supplies to bundle and secure raw materials and finished products.
  3. Global Trade and E-commerce: The growth of global trade and the e-commerce sector is driving the demand for strapping supplies to secure and protect goods during transit.
  4. Transportation and Logistics: The logistics and transportation industry relies on strapping supplies to ensure the safe and efficient movement of goods, contributing to market growth.
  5. Safety and Security: Strapping supplies play a crucial role in ensuring the safety and security of products during shipping, contributing to their demand.
  6. Infrastructure Development: Infrastructure projects, including construction and renovation, drive the need for strapping supplies for securing materials and equipment.
  7. Recycling Initiatives: The recyclability of certain strapping materials aligns with growing environmental concerns, promoting their use.

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Key Players:

  • Signode
  • Greenbridge
  • SAMUEL SON & CO. LTD.
  • FROMM HOLDING AG
  • MAILLIS
  • Stra Pack Corp.
  • AUTOSTRAP INDIA
  • Scientex Berhad
  • MESSERSI PACKAGING S.R.L.
  • TEUFELBERGER
  • USA Strapping
  • CYKLOP
  • CAROLINA STRAPPING AND BUCKLES
  • POLIVEKTRIS
  • MOSCA

Segmentation:

By Product Type

  • Bands & Seals
  • Bracket & Buckles
  • Edge Protectors
  • Tools & Carts
  • Cables
  • Twist & Ties

By Material

  • Plastic
    • PET
    • PP
    • PS
    • Others
  • Paper
  • Glass Fibers
  • Fabric
  • Metal

By End Use

  • Food & Beverage
    • Bottles
    • Cans
    • Boxes
  • Building & Constructions
    • Steel
    • Pipes
    • Timber
  • Logistics & Transportation
    • Pallets
    • Containers
  • Consumer Goods
    • Electronic Appliances
    • Furniture
  • Pharmaceuticals
  • Agriculture

By Region

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltic Countries
  • 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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Destination Weddings Market Shines Bright, Projected to Cross US$ 103,497.1 Million by 2033 with a Notable 13.1% CAGR | FMI

The global destination weddings market is likely to propel at 13.1% CAGR over the projected period. The market value is poised to skyrocket from US$ 30,259.5 million in 2023 to US$ 103,497.1 million by 2033. The destination wedding industry was valued at US$ 26,754.73 million in 2022.

The global market is set to expand rapidly during the forecast period. The growth of the market can be attributed to factors such as evolving socioeconomic as the rapid economic growth. This makes destination weddings an attractive option for individuals who are planning luxury weddings abroad which help in the growth of the global demand.

The market is highly competitive, with a large range of companies offering a wide range of services and programs. A handful of leading players in the market includes Sandals Resorts International, Tamarind Global Weddings, Dream Resorts & Spas, and others.

Couples are increasingly seeking unique and memorable experiences for their weddings. Destination weddings offer the opportunity to exchange vows in beautiful and exotic locations. It makes the event stand out and creating lasting memories.

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Destination weddings can often be more cost-effective than traditional weddings, especially in certain locations where local vendors might offer competitive pricing. Several resorts and venues offer all-inclusive packages, simplifying the planning process and providing better value for money.

Destination weddings tend to be more intimate, with fewer guests compared to traditional weddings. Couples often prefer a small guest list, allowing them to spend quality time with their close friends and family in a relaxed setting.

Destination weddings provide an excellent opportunity for couples and their guests to combine the wedding celebration with a vacation. Guests can enjoy leisure time, explore the local culture, and participate in pre- or post-wedding activities. It helps in creating a memorable travel experience. All of these above mentioned factors are likely to drive demand in the global market during the forecast.

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Key Takeaways from the Destination Wedding Market Study

  • The global destination wedding industry is expected to register a total of about US$ 103,497.1 million by 2033.
  • During the historical period 2018 and 2022, sales escalated at 9% CAGR.
  • By wedding type, the castle wedding segment is projected to exhibit 6% CAGR through 2033
  • By service type, the wedding planning segment has the leading shares, at 0% of the demand in 2022 in the market.
  • On the guest capacity, the below 100 segment has the demand expanded at rate of about 3% in the year 2022.

Who is winning?

Key companies in the destination wedding market often involve unique themes and locations. Manufacturers can offer customizable wedding products such as wedding invitation, decorations, flavors, and accessories. This will cater to the specific preferences and themes of the couples.

Manufacturers are also focusing on creating items that are easy to pack and carry, without compromising on quality and aesthetes. They are also differentiating themselves by offering eco-friendly wedding products. This includes using sustainable material and eco-friendly packaging.

Key Companies:

  • Sandals Resorts International
  • Tamarind Global Weddings
  • Dreams Resorts & Spas
  • The Little Nell
  • Amangani
  • Four Seasons Resort
  • The Ritz-Carlton
  • Waldorf Astoria
  • Amanpulo
  • Belmond
  • Hotel Caruso
  • Hotel Santa Caterina

Recent development:

  • In June 2021, Anant Khandelwal’s Indian Wedding Planners enhances its destination wedding portfolio with the introduction of IWP Select, a one-stop wedding platform.

Global Destination Wedding Market by Category

By Wedding Type:

  • Beach Wedding
  • Mountain Wedding
  • Vineyard Wedding
  • Castle Wedding
  • City Wedding
  • Island Wedding
  • Cultural Wedding

By Service Type:

  • Wedding Planning
  • Venue Selection
  • Catering
  • Photography
  • Decor
  • Entertainment
  • Transportation

By Target Market:

  • Small Wedding
  • Luxurious Wedding
  • Themed Wedding

By Season:

  • High Season
  • Mid-Season
  • Low Season
  • Mid-Peak Season

By Organization of Stay:

  • Package
  • Non Package

By Guest Capacity:

  • Above 100
  • Below 100

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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The Lager Market: A Spirited Journey of Growth Fueled by Global Trends and Consumer Preferences | FMI

The lager market is anticipated to grow at a CAGR of 3.1% and reach a value of US$ 512.26 billion by 2033 from US$ 380.73 billion in 2023.

The main factor fueling the market expansion is the surge in alcohol consumption worldwide. The industry is growing because of the demand for premium and ultra-premium beer, especially from millennials. The custom of sampling different alcoholic drinks at restaurants, fast-food restaurants, lodging facilities, and bars is becoming more and more common.

Beer is sold in many places, and consumers are getting more and more excited to try new and intriguing beers. The company’s growth has also been significantly aided by the addition of new flavours, including apple, blueberry, chocolate, cheddar, and lemon. As a result, it is expected that during the estimated period, these factors would significantly affect the rising demand for beer.

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Market Opportunities

The lager market is experiencing significant growth, presenting abundant opportunities for businesses and manufacturers. With the global lager industry expanding rapidly, there are ample chances to capitalize on its potential. Moreover, the current trend of people becoming more health-conscious works in favor of the lager market, as lager offers a low-carb and low-calorie alternative compared to other types of beers. This health-conscious shift is likely to further enhance the market’s potential for growth during the forecast period.

The retail sector plays a pivotal role in the lager industry, driving significant sales as many customers prefer purchasing this type of beer. Additionally, lager is also popularly bought in various establishments such as bars, restaurants, and other venues where customers have easy access to lager products.

The current prevalence of smartphones and the widespread use of social media have attracted alcoholic and non-alcoholic beverage manufacturers to promote their products. Many consumers, especially the youth, are active on social media platforms. This makes these platforms highly popular among the younger audience. Consequently, brands are utilizing these social media channels to create advertising campaigns, promote their products, and offer them through online platforms and official websites. This strategic approach is expected to fuel the growth of the lager market significantly during the forecast period. 

Key Takeaways

  • The global lager sector expanded at a CAGR of 3.1% from 2023 to 2033.
  • By 2033, the lager industry is projected to expand to US$ 512.26 billion.
  • In 2022, the United States dominated the lager industry with a share of 24.0%.
  • In 2022, Germany expanded significantly in the lager industry, with a share of 7.1%.
  • In 2022, India is projected to expand significantly in the lager industry, exhibiting a CAGR of 4.1% through 2033.
  • Japan emerged as a key player in the lager market in 2022, securing a substantial 4.8% market share.

Competitors Winning Strategies

Competitors in the lager market are employing a wide range of strategies to gain a competitive edge. They are continually innovating by creating new products that cater to customers’ evolving tastes and preferences. Additionally, they are experimenting with novel ingredients to differentiate their offerings.

A key aspect of their success lies in their adeptness at marketing and advertising. Competitors are leveraging various strategies and platforms, such as social media, to reach and target specific consumer segments effectively. Their focus on building a strong distribution network enables them to transfer and deliver products to their customers seamlessly. They can expand their customer base significantly by implementing this strategy.

Certain competitors have managed to establish their own distinct brands, thereby gaining the trust and loyalty of consumers. These brands serve as a valuable tool for customer retention, facilitating easy product recall and recognition. Notable competitors in this market include Ale, Stout, and Porter.

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Lager Market By Category

By Variety:

  • Pale
  • Vienna
  • Dark

By Product Type:

  • Standard
  • Premium
  • Luxury

By Packaging Type:

  • Glass
  • Metal Can
  • Others

By End Use:

  • HoReCa
  • Household Retail
  • Others

By Sales Channel:

  • B2B
  • B2C
    • Modern Trade
    • Traditional Liquor Stores
    • Specialty Stores
    • Online Retail
    • Other Retail Formats

By Region:

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

  • In June 2023, IMPOSSIBREW®, the pioneering beer startup renowned for its nootropic alcohol substitute, Social Blend™, revealed its latest collection of limited edition beers. The newly launched IMPOSSIBREW® Fruited Lager offers a refreshing summer experience with two delightful flavors: Yuzu & Lime Lager and Salted Grapefruit Lager, each boasting a 0.5% ABV and infused with the signature relaxation effects of Social Blend™.
  • In March 2023, Braxton Brewing Co. delighted beer enthusiasts with the announcement of their newest craft option to join their lineup of celebrated beers. It introduced Spur, an American Amber Lager meticulously crafted to offer a full-flavored experience that meets today’s consumer needs with unmatched perfection.
  • In December 2022, Bira 91 made waves with the introduction of RISE, India’s first-ever premium rice strong lager. This exceptional brew is enhanced with locally sourced rice from India. With an alcohol by volume of less than 8%, this refreshing thirst quencher showcases Japan’s unique Sorachi Ace hops, imparting a delightful touch of subtle lemon citrus aromas.

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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Culinary Tourism Market on Track to Attain US$ 4,530.9 Billion with a Commanding 16.6% CAGR by 2032 | FMI

The market for culinary tourism is anticipated to surpass US$ 977.3 billion in 2022 and is anticipated to reach US$ 4,530.9 billion by 2032, growing at a CAGR of 16.6% between 2022 and 2032.

Travelers are rethinking the consequences of their consumption, and vegans, vegetarians, and flexitarians are gaining immense traction in food tourism.Vegetarian and vegan tourists are searching on the internet and other sources for vegetarian and vegan-friendly options. They are willing to try new things and meet new people who are likeminded.

Another factor driving demand in the culinary tourism market is the spread of social media and advertising of distinctive food and beverage experiences. As a result, Gen-Zers and baby boomers are quickly becoming the most important target demographic. Increased viewership of food programmes on television and online streaming services is also fueling market demand.

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Key Takeaways from the Culinary Tourism Market Study

  • Europe dominated the culinary tourism market and held the largest revenue share of in 2021.France, Germany and U.K. are expected to lead the culinary tourism market in Europe.
  • In terms of booking channel, online travel agents segment is estimated to account for the highest value share in the culinary tourism market.
  • In terms of activity type, food festival segment leads in terms of market share as food-festival events have become trend-setters in the culinary world.
  • In terms of tourist type, domestic segment dominated the culinary tourism market in 2021, as travellers are more familiar with the rules, laws and tax policies pertaining in their region.

“Regions are embracing their culinary history and are incorporating gastronomy in their tourism offerings. Further, countries with rich culinary traditions are focusing on the development of culinary tourism and providing incentives for local businesses to invest in this tourism segment.” says an FMI analyst.

Who is winning?
The players operating in the global culinary tourism industry have adopted various developmental strategies to expand their market share, exploit the culinary tourism market opportunities, and increase profitability in the market.

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Major Key players

  • Abercrombie & Kent USA, LLC
  • Classic Journeys, LLC
  • G Adventures
  • Greaves Travel Ltd
  • India Food Tour
  • ITC Travel Group Limited
  • The FTC4Lobe Group
  • Topdeck Travel [Flight Centre (Uk) Limited)]
  • The Travel Corporation
  • Gourmet on Tour Culinary Adventures
  • International Culinary Tours
  • Butterfield & Robinson Inc.

Global Culinary Tourism Market by Category

By Activity Type:

  • Culinary Trials
  • Cooking Classes
  • Restaurants
  • Food Festival
  • Others

By Booking Channel:

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

By Tourists Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Tour Groups
  • Package Traveler

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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Cloudifier Market: Transforming Culinary Experiences with Textural Innovation and Nutritional Enhancements | FMI

In 2023, the global cloudifier market is projected to be worth US$ 616.5 million. From 2023 to 2033, this market is expected to expand at a compound annual growth rate (CAGR) of 7.3%, ultimately reaching a market value of US$ 1,242.4 million. The global population’s shifting food choices are to blame for this enormous market expansion.

Agents that produce turbidity or clouding are called cloudifiers. Their purpose is to add cloudiness to meals or beverages, such fruit juices and soups. The consistency or texture of the culinary product that contains this component is altered.This ingredient alters the texture or consistency of food when utilized.

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The need for cloudifiers used in the food manufacturing process is the key factor driving the market for this item. It is essential to use since it can enhance the food’s nutritional content and quality.

The surging demand for fruit juices and carbonated drinks also adds to the increasing production of the commodity since cloudifiers are extensively used in the beverage manufacturing industry.

According to the research by FMI, developed regions such as North America and Europe could offer several growth opportunities caused by the growing demand for packaged food products. Neutral classifiers are products generally used in beverages or foods where color or flavor alteration is not desired; meanwhile, non-neutral cloudifiers may change the taste and color of beverages, and thus they are widely used to give desired flavor to drinks. the taste and colour of beverages and thus they are widely used to give desired flavour to drinks.

Key Takeaways:

  • The United States pitched in with the highest global market value share in 2022- 24.9%.
  • The market in Germany held 3.6% of the value share in the global market in 2022.
  • The Japanese market for cloudifiers is 4.6% of the total global value share in 2022.
  • FMI anticipated the market in Australia to contribute 2.8% of the total market value share in the global market in 2022.
  • The cloudifier market in China propelled at a CAGR of 3.1% in 2022.
  • In 2022, the Indian market expanded at a CAGR of 9.2%.
  • The United Kingdom cloudifier market grew at a CAGR of 3.0% in the year 2022.

Competitive Landscape:

The competition in the cloudifier industry is characterized by a diverse array of players striving for market dominance and technological advancement. Market leaders, encompassing established companies with extensive product portfolios, hold a significant market share and enjoy a reputation for reliability. Meanwhile, technology innovators, including startups and emerging players, bring fresh perspectives and disruptive solutions to the industry, driving innovation and pushing boundaries.

Niche specialists focus on specific applications or industries, delivering tailored cloudifier solutions and leveraging their deep domain expertise. Regional players with strong regional market presence cater to local demands and possess knowledge of regional nuances. Collaborative partnerships between various industry stakeholders further enhance the ecosystem by combining resources and expertise.

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Intense competition among cloudifier companies fuels continuous improvement and innovation within the industry. Factors such as product performance, feature sets, pricing strategies, scalability, customer support, and effective go-to-market approaches play a pivotal role in shaping competitive dynamics. Established technology giants leverage their extensive resources and customer base to offer comprehensive cloudifier solutions alongside their broader suite of services.

At the same time, startups and emerging players challenge the status quo by introducing novel technologies and disrupting traditional approaches. To thrive in this dynamic landscape, companies must stay agile, differentiate their offerings, and proactively adapt to evolving industry trends, ensuring they remain at the forefront of the cloudifier market.

Key Segments Covered in The Cloudifier Industry Analysis

By Source:

  • Natural
  • Synthetic or Non-Natural

By Properties:

  • Neutral
  • Non-Neutral

By Form:

  • Powdered
  • Oil-based Liquid

By Application:

  • Food and Beverages
  • Cosmetics
  • Pharmaceuticals

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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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Sweet Success Unveiling the Growth Trajectory of the Agave Nectar Market in the Global Health-Conscious Era | FMI

The Agave Nectar market has exhibited notable expansion in the past few years, fueled by its growing ubiquity as a natural sweetener. Agave nectar has become a popular substitute for refined sugars as consumers’ preferences for healthy options expand. Its versatility in various food and beverage applications further fuels the market’s expansion.

Agave nectar sales are expected to increase from US$ 2, 06,024.0 million in 2023 to US$ 3, 78,776.4 million by 2033. The effective compound annual growth rate (CAGR) for agave nectar is expected to be 6.3% from 2023 to 2033, as opposed to the 2.5% CAGR from 2018 to 2022.

It is anticipated that the market for clean-label, natural, organic, and health-conscious food products will continue to undergo a significant upheaval. Consumer attitudes are rapidly shifting in favour of a healthier, more natural lifestyle. This change is mostly to blame for the rise in demand for agave syrup and other natural sweeteners.

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A low glycemic index of agave nectar attracts consumers seeking an alternative to traditional sweeteners like refined sugar, owing to the increasing health consciousness of consumers. The increase in demand for diabetic-friendly sweeteners due to the continuous increase of diabetic cases worldwide leads to an increase in demand for agave nectar, a natural sweetener with a lesser impact on blood sugar levels. In the food service industries and kitchens, agave nectar is commonly used in Mexican and Latin American cuisines. This, along with the increase in the mixology trend, leads to an increase in demand for agave nectar.

Agave nectar is predominantly derived from the blue weber species of agave plants that take several years to cultivate and harvest. This limits the regular supply of agave, thereby posing a restraint on the growth of the agave nectar market. Honey, maple syrup, coconut sugar, artificial sweeteners, and alternative low-calorie sweeteners pose serious competition to agave nectar. Lack of consumer awareness about the health risks caused by artificial sweeteners and limited knowledge about the availability of natural and organic alternatives impacts market growth.

The high fructose level in agave nectar can wreak havoc on metabolic health and may contribute to insulin resistance and type 2 diabetes if not consumed in moderation. This hinders the growth of the market for agave nectar.

The versatility of agave nectar as a sweetener has led to its increased use in a wide range of food products like bakery products such as coffee cakes, waffles, pancakes, and scones. Marketing efforts and increased product awareness about agave nectar and its applications can help increase demand and market penetration.

A notable trend observed in the market is seeking organic and non-genetically modified organism (non-GMO) products. This trend has also captivated the agave nectar industry, where consumers demand organic and non-GMO sweeteners. Some other commonly observed trends in the market are the rise of several e-commerce sites, market expansion and diversification, clean labels, and natural positioning, among others.

Key Takeaways:

  • Agave nectar market spending in the United States is estimated to have a share of 23.7% in 2023.
  • The agave nectar industry in the United Kingdom is anticipated to exhibit a CAGR of 5.7% through 2023.
  • With a CAGR of 23.3% over the forecast period, India is predicted to develop in the agave nectar industry.
  • In 2022, Japan had a 6.0% share of the agave nectar industry globally.
  • The agave nectar industry in China is expected to increase, registering a CAGR of 2.9% over the forecast period.
  • Germany accounted for 4.7% of the global agave nectar market in 2022.

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Competitive Landscape:

Dominant players in the agave nectar market are increasing their competitive edge by developing promotional strategies, product development, and diversification and formulating new marketing strategies. They are highlighting the product’s nutritional value and sustainability aspect to generate greater demand. FMI expects these players to launch new products to strengthen their foothold in the agave nectar market during the forecast period.

Wholesome Sweeteners, Madhava Natural Sweeteners, NOW Foods, Nekutli Agave Nectar, Madhava Agave Farms, The Groovy Food Company, and Wildly Organic are operating as the key players in the agave nectar market.

These companies offer a diversified range of agave nectar options and emphasize their commitment to quality and purity. These brands focus on ethically sourced and sustainable sweeteners for their consumers. The market is dynamic, with new players emerging and existing players expanding their product offerings to cater to evolving consumer preferences.

Recent Developments

  • In March 2023, the new Spicy Agave Sweetener, manufactured from organic agave that has been combined with Hatch and Guajillo chilies, was released by Monin Americas.
  • Whole Earth Brands holds the North American organic sweetener brand Wholesome Sweeteners Incorporated. The purchase improved Whole Earth’s brand recognition among customers and catered to a sizable international clientele.

Key Segments Profiled in this Market:

By Type:

  • Light
  • Amber
  • Raw
  • Dark

By Form:

  • Powder
  • Liquid

By Application:

  • Bread
  • Cakes
  • Pastries

By Distribution Channels:

  • Supermarket
  • Online Stores
  • Retail Stores

By Region:

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

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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
LinkedIn| Twitter| Blogs | YouTube

 

Chilling Success: Unraveling the Growth Trajectory of the Frozen Cheese Market Amidst Consumer Demand for Convenience

The Frozen Cheese market has been expanding rapidly, fueled by consumers’ growing need for convenience and longer shelf lives. The market offers a wide range of frozen cheese products to suit a wide range of gastronomic tastes. Packaging and distribution innovations have further fueled the industry’s growth, making it a thriving sector.

From 2022 to 2032, the frozen cheese market is projected to grow at a compound annual growth rate (CAGR) of 6%, reaching a worth of US$ 17.4 billion by that time. The global market for frozen cheese is being driven by the food industry’s increasing use of frozen cheese as well as customer desire for easily prepared, ready-to-eat foods.

Meals should always include cheese. It is an ingredient in all food products, including those for breakfast, lunch, and dinner. Cheese cannot be stacked high since it is perishable and made of milk. To remedy this issue, manufacturers have begun to produce frozen cheese in a number of methods.

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Frozen cheese has the same nutritional profile as regular cheese but it has a higher shelf life and so can be purchased in bulk. It can be applied on different food products like breads, pasta and pizza to enhance their flavor. This is expected to push the demand for frozen cheese during the forecast period.

Similarly, increase in consumer snacking habits is expected to drive the demand in frozen cheese market. Consumer willingness to splurge on convenient food products that can last for longer time duration and are easier to store for enhanced food flavor and texture is expected to bring in many opportunities for frozen cheese manufacturers over the next ten years.

Many technologies for freezing cheese have been developed across the world during the last few decades. Development of these advanced freezing technologies to preserve nutrients and texture of cheese as well as to extend its shelf life will therefore assist in expanding the global frozen cheese market size in future.

Key Takeaways from Frozen Cheese Market Study

  • By type, the cow cheese segment holds the highest market share and is expected to increase at a CAGR of 6.5% between 2022 and 2032.
  • Based on sales channel, the online sales channel segment will be the most remunerative in the global frozen cheese industry during the forecast period.
  • The frozen cheese industry in North America is expected to increase at 5.6% CAGR between 2022 and 2032, totaling a valuation of US$ 1.8Bn.
  • Asia Pacific is expected to account for 17% share of the global cheese market during the assessment period.
  • The U.S. frozen cheese is anticipated to reach a valuation of about US$ 1.8 Bn in 2022.
  • Frozen cheese industry in India is expected to reach a valuation of US$ 0.9Bn in 2022

“Manufacturers which concentrate on frozen cheese formulation technology are more likely to take away the spotlight in the global frozen cheese market. Similarly, various players are concentrating on developing multi-functional frozen cheese varieties to differentiate themselves from the competition,” says a Future Market Insights analyst.

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Who is Winning?

Key frozen cheese makers are focusing on research and development in order to create differentiated products with additional features that ensure greater taste. Besides this, they are collaborating to create new product lines that will allow them to penetrate previously untapped markets.

Key Companies

  • Eurial
  • Savencia Fromage and Dairy
  • Fromagerie Moreau Pontlevoy
  • Abergavenny Fine Foods
  • Ile de France
  • Henri Willig
  • LACTEOS SEGARRA
  • President
  • Le Larry
  • Delamere Dairy

Explore More Valuable Insights

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

The study offers compelling insights based on Frozen Cheese industry By Type (Goat Cheese, Cow Cheese, Other), By Sales Channel Offline Sales Channel (Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Other Sales Channel), Online Sales Channel (Company Website, E-commerce Platform), By Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA)- Forecast to 2022 – 2032

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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Frozen Cheese Market by Category

By Type:

  • Goat Cheese
  • Cow Cheese
  • Other

By Sales Channel:

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

By Region:

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

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Fueling Growth The Global Industrial Alcohol Market and the Surging Demand for Sanitizers in a Cleanliness-Driven World

The industrial alcohol market is projected to reach $194.7 billion by 2032, with a 7.6% CAGR, fueled largely by increased demand for alcohol-based sanitizers due to heightened cleanliness concerns worldwide.

Over the forecast period (2022–2032), the global industrial alcohol market is anticipated to rise at a compound annual growth rate (CAGR) of 7.6%, and by 2032, it is projected to be worth US$ 194.7 billion.

Considered powerful cleaning agents, alcohol-based sanitizers are utilised in numerous industries to sanitise machinery and equipment. It is projected that the worldwide industrial alcohol market would expand due to an increase in consumer demand for hand sanitizers.

As a way to sanitise medical equipment, alcohol-based disinfectants are predicted to experience rapid expansion in the healthcare sector due to their great efficacy in eliminating a broad variety of pathogens. Because they are easy to use and non-toxic, they are perfect for usage in medical settings.

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Endoscope disinfection is one of the most common uses of alcohol-based disinfectants in the healthcare sector. Cleaning and disinfecting respiratory therapy equipment that is frequently contaminated with various microorganisms is another vital application of industrial alcohol. Alcohol-based disinfectants can be used to kill microorganisms, thereby preventing the spread of infections.

Key Takeaways: Industrial Alcohol Market

  • The industrial alcohol industry is expected to expand at a CAGR of 7.6% over the forecast period.
  • By source, the corn segment is set to dominate the market by holding around 30.2% of share and is expected to grow at a CAGR of 4.2% over the forecast period.
  • Based on product type, the ethyl alcohol segment is likely to lead the industrial alcohol industry by holding more than 31.2% of share in 2022.
  • In terms of application, the transportation fuel & fuel additives segment is anticipated to generate 26.7% of share in 2022.
  • The U.S. industrial alcohol industry currently holds more than 75.7% of share in North America.\

Competitive Landscape: Industrial Alcohol Market

Key manufacturers in the global industrial alcohol industry are mainly focusing on research & development activities in order to come up with innovative and unique product offerings. In addition to that, key players are focusing on mergers, acquisitions, and joint ventures to expand their geographic presence, as well as their existing production capacities.

  • In July 2020, Green Plains Wood River LLC, a Green Plains Inc. subsidiary, announced the installation of a separate 25-million-gallon facility to produce Food Chemicals Codex (FCC) grade alcohol for export and domestic markets. It has plans to expand the production process to manufacture United States Pharmacopeia (USP) grade alcohol within the next few months.

Key Companies Profiled in Industrial Alcohol Market are Cargill Inc., Archer-Daniels-Midland Company, Green Plains Inc., Grain Millers Inc., Willmar Group, MGP Ingredients, Inc., Cristalco, Royal Dutch Shell Plc, Raizen Energia, GREENFIELD SPECIALTY ALCOHOLS

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More Valuable Insights on Industrial Alcohol Market

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

The study offers compelling insights based on source (bagasse & sugarcane, molasses, grains, corn, fossil fuels, others), product type (ethyl alcohol, isopropyl alcohol, isobutyl alcohol, methyl alcohol, others), (pharmaceutical, transportation fuel & fuel additives, chemical intermediates, food ingredient, personal care, detergent & cleaning chemicals, others), and processing method (fermentation, synthetic) across seven major regions of the world.

Industrial Alcohol Market Outlook by Category

By Source:

  • Bagasse & Sugarcane
  • Molasses
  • Grains
  • Corn
  • Fossil Fuels
  • Others

By Product Type:

  • Ethyl Alcohol
  • Isopropyl Alcohol
  • Isobutyl Alcohol
  • Methyl Alcohol
  • Others

By Application:

  • Pharmaceutical
  • Transportation Fuel & Fuel Additives
  • Chemical Intermediates
  • Food Ingredient
  • Personal Care
  • Detergent & Cleaning Chemicals
  • Others

By Processing Method:

  • Fermentation
  • Synthetic

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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
Browse Other Reports: https://www.futuremarketinsights.com/reports
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