Tempeh Market Surges to Prominence in the Plant-Based Protein Landscape, Anticipating Remarkable Growth by 2033

Based on the findings of the prior tempeh market survey, it is anticipated that the market’s value will approximate US$ 4.2 billion in 2023. Furthermore, tempeh sales are poised for substantial growth with a projected compound annual growth rate (CAGR) of 5%, potentially reaching approximately US$ 6.8 billion by 2033.

Tempeh is a fermented soybean product that is high in protein and low in fat. It is a versatile component that may be used in a wide range of meals, such as stir-fries, curries, and salads. The growing number of tempeh brands and products accessible in supermarkets and online retailers is projected to further propel the industry.

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

Key Takeaways :

Germany Leads with Strong Growth: Germany establishes itself as a significant player in the international market, with a strong 5.9% value share in 2022.
India Advances: The Indian tempeh market has shown extraordinary growth, and in 2022 it will hold a sizeable 14.1% value share, indicating enormous potential and opportunity.

Stable Performance in the United Kingdom: With a respectable 5.4% value share in 2022, the U.K. retains a strong presence in the tempeh market, demonstrating stability and continuous development.

China’s Potential Position: Thanks to its substantial customer base, China is likely to hold a 4.4% value share of the worldwide tempeh market in 2022, indicating potential growth prospects.

Australia and Japan Display Resilience: The market for tempeh in Australia (2.6%) and Japan (3.6%) is expanding steadily, demonstrating the countries’ resilience.

Competitive Landscape:

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

Tempeh Queen:

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

Noble Bean:

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

Small World Foods:

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

Gardein:

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

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Tempeh Market by Category:

By Source:

Soybean
Multi-grain
Others

By Nature:

Organic
Conventional
By Flavor:

Plain
Herbs & Spices
By Product Type:

Frozen
Fresh
Ready-to-eat

By Distribution Channel:

Direct
Indirect
Hypermarkets/Supermarkets
Convenience Stores
Food & Drink Specialty Stores
Traditional Groceries
Online Retailers

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

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Future Market Insights Inc.
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Fortified yeast market size is estimated to grow at over 13.5% CAGR between 2022 and 2032

Fortified yeast is a specialized form of yeast that has been enhanced with various nutrients, vitamins, and minerals to provide added health benefits. It is widely used as a functional ingredient in the food and beverage industry to enrich products with essential nutrients and improve their nutritional profile. The fortified yeast market has experienced significant growth in recent years, driven by the increasing consumer demand for healthier and functional food options.

According to the recent FMI report, the sales for fortified yeast are expected to surpass a value of USD 367.1 Bn in 2032, rising at a CAGR of around 13.5% through the end of 2032.

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

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

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

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

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

Key Takeaways from the Nutritional Yeast Market Study:

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

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

Who is winning?

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

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

Get Valuable Insights into the Fortified Yeast Market 

FMI, in its new offering, provides an unbiased analysis of fortified yeast presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

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Fortified Yeast Market by Category

By Nature, Fortified Yeast Market is Segmented as:

  • Organic
  • Conventional

By Form, the Fortified Yeast Market is Segmented as:

  • Powder
  • Flakes
  • Tablet
  • Capsule

By Application, the Fortified Yeast Market is Segmented as:

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

By Region, the Fortified Yeast Market is Segmented as:

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

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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Fortified Yeast Market is estimated to grow at over 13.5% CAGR, at USD 367.1 Million Valuation between 2022 and 2032

Fortified yeast is a specialized form of yeast that has been enhanced with various nutrients, vitamins, and minerals to provide added health benefits. It is widely used as a functional ingredient in the food and beverage industry to enrich products with essential nutrients and improve their nutritional profile. The fortified yeast market has experienced significant growth in recent years, driven by the increasing consumer demand for healthier and functional food options.

According to the recent FMI report, the sales for fortified yeast are expected to surpass a value of USD 367.1 Bn in 2032, rising at a CAGR of around 13.5% through the end of 2032.

Request our Sample report on the Fortified Yeast Market and stay informed about industry trends and forecasts! https://www.futuremarketinsights.com/reports/sample/rep-gb-10919

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

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

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

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

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

Key Takeaways from the Nutritional Yeast Market Study:

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

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

Who is winning?

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

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

Purchase now and delve into the intricacies of each segment. https://www.futuremarketinsights.com/checkout/10919

Get Valuable Insights into the Fortified Yeast Market 

FMI, in its new offering, provides an unbiased analysis of fortified yeast presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Fortified Yeast Market by Category

By Nature, Fortified Yeast Market is Segmented as:

  • Organic
  • Conventional

By Form, the Fortified Yeast Market is Segmented as:

  • Powder
  • Flakes
  • Tablet
  • Capsule

By Application, the Fortified Yeast Market is Segmented as:

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

By Region, the Fortified Yeast Market is Segmented as:

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

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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Unveiling the Nutritional Yeast Market: Examining Food Technology and Flavor Trends Leading to a Projected Value of USD 483.4 Million by 2032

The nutritional yeast market was experiencing significant growth and popularity worldwide, driven by the increasing demand for plant-based and vegan food products. Nutritional yeast is a deactivated yeast, often a strain of Saccharomyces cerevisiae, which is rich in vitamins, minerals, and protein. It is commonly used as a flavor enhancer in various dishes, providing a cheesy and nutty taste.

The global nutritional yeast market is expected to reach USD 483.4 Million million in 2032 and grow at a CAGR of more than 14.0% from 2022 to 2032.

Nutritional yeast market witnesses high demand as a result of changing consumer preferences with regard to their choice of food. In the last few years, consumers have become more selective about their food choices showing an inclination for healthier, better quality food and ecological food products. To maintain a healthy lifestyle, they are following a proper diet. As a result, the demand for gluten-free, organic, and salt-free products is rising in comparison to traditional full-course meals. Nutritional yeast is gluten-free and salt-free. It is also a rich source of proteins, minerals, and vitamins due to which its demand is growing rapidly among the health-conscious, vegan, and aged population. The nutritional yeast market is projected to rise at a CAGR of ~14 between 2019 and 2029, Future Market Insights foresees stable growth for the market.

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Key Takeaways from the Nutritional Yeast Market Study

  • Governmental and para-governmental authorities in collaboration with prominent manufacturers in the nutritional yeast market are conducting extensive research and development activities to aid sustainable development. Global research and development spending has reached a record of US$ 1.7 trillion, out of which 80% is accounted by 10 countries. The United States, Germany, Canada, Japan, China, France, India, and the United Kingdom are some of the countries with high research and development spending. For instance, Lallemand research and development has launched an innovative strain of yeast YANG, derived from the association of two different strains of yeast, S. cerevisiae and C. jadinii, in specific fractions. This innovative strain is used as an animal feed ingredient to enhance immune response.
  • Inactive dried nutritional yeast can be used as an effective ingredient in animal feed to boost nutritional content. Ready availability of inactive dried nutritional yeast and the growing awareness regarding the benefits of inactive dried nutritional yeast as an animal feed ingredient support growth of the global nutritional yeast market.
  • Consumers perceive organic products as safer and healthier when compared to traditionally and conventionally manufactured products. This encourages manufacturers to expand their product portfolio to include certified organic offerings, which is anticipated to help them strengthen their market positions. Production of organic nutritional yeast requires use of organic molasses, organic grains, and plant-derived ingredients as a source of sugar, nitrogen, and other key ingredients. While organically produced nutritional yeast occupies a niche percentile in the current global market scenario, demand for these products is expected to grow, attributable to increasing market penetration in Europe and North America, where the organic trend is gaining significant momentum.

Social media sites such as Instagram and Twitter are creating a favourable perception about nutritional yeast products. Food bloggers are sharing new recipes using nutritional yeast. As nutritional yeast has a cheesy taste and is both a vegan and gluten-free ingredient, it is gaining traction among consumers on social networking sites. Rapidly increasing use of smart phones and smart gadgets in untapped areas influences consumers in these regions subsequently creating awareness about benefits of using nutritional yeast in food preparation. The demand for gluten-free food products is rising in the global food and beverages market, which is attributable to rising prevalence of celiac disease on a global scale. The consumption of organic, salt-free, vegan and plant-based protein products is increasing across the globe. The use of inactive dried nutritional yeast is increasing in animal feed.  As a result of these factors, the demand for nutritional yeast is increasing rapidly.

“The increasing application of nutritional yeast in various segment such as food & beverage, dietary supplements, animal feed, and personal care drives the market. Increasing focus on animal welfare has spurred vegan population. This in turn drives the nutritional yeast market,” says an FMI analyst.   

Who is winning?

Some of the key players operating in the nutritional yeast market are Angel Yeast Company Ltd., Alltech, Lallemand Inc., Lesaffre, Cypress Ingredients, Bioforce Canada Inc., Bob’s Red Mill Natural Foods, NOW Foods, Kadac Pty Ltd., Quantum Nutrition Labs and others.

Several leading players in nutritional yeast market are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain a competitive advantage.

  • In 2016, Lallemand Inc. acquired Lage y Cía. The newly-acquired company will be included in Lallemand Plant Care, the company’s business unit focused on the use of yeasts, bacteria and fungi as biocontrol, biostimulant and biofertilizer agents in agriculture, horticulture, and forestry. The aim behind the acquisition was to expand the business footprints in Latin America, to increase the production capacity and bolster its research and development activities.
  • In 2018, Lesaffre acquired Alltech’s yeast extract facility in Serbia. The aim behind the acquisition was to strengthen the Lesaffre presence in the nutrition and health market and to increase the production capacity.

Get Valuable Insights into Nutritional Yeast Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global nutritional yeast market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the nutritional yeast market based on the product type (inactive dry yeast, fortified yeast and revivable yeast), nature (organic and conventional), form (powder, flakes, tablet, capsules), applications (food & beverages, dietary supplements, personal care, animal feed and other applications), sales channel (B2B and B2C) across seven major regions.

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The global nutritional yeast market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Inactive Dry Yeast
  • Fortified Yeast
  • Revivable Yeast

Nature

  • Organic
  • Conventional

Form

  • Powder
  • Flakes
  • Tablet
  • Capsule

Application

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

Sales Channel

  • B2B
  • B2C
  • Modern Trade
  • Specialty Store
  • Convenience Store
  • Online Retail
  • Other Sales Channel

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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Heat Exchanger Market Paving the Way to US$ 6,463.9 Million by 2033, Fueled by Chemical & Pharmaceutical Sector Growth

The market for plate heat exchangers is anticipated to be worth US$ 4,113.9 million in 2023. From 2023 to 2033, the market for plate heat exchangers will increase at a 4.6% CAGR. By the end of 2033, the entire market size is expected to be US$ 6,463.9 million US$.

Growing demand from industries such as chemical processing, food & beverage industries, etc. is driving the global plate heat exchanger industry. Growing usage of HVAC & refrigeration will elevate plate heat exchanger demand.

In recent years, the popularity of plate heat exchangers has risen significantly and the trend is likely to continue. This is due to their effectiveness, affordability, and ease of handling and maintenance.

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Plate heat exchangers use a series of thin plates to ensure the transfer of heat. They are used in a wide variety of applications. This includes heat recovery, refrigeration, and oil & gas production.

A growing number of commercial projects and companies demand effective plate heat exchangers to maintain continuous service in various applications. This will boost the global plate heat exchanger market.

Plate heat exchangers are widely used in chemical processes and pharmaceutical sectors. In pharmaceutical production, various processes require heat transfer. For this purpose, plate heat exchangers are being utilized. Hence, growth of these industries will eventually boost

Key Takeaways from Plate Heat Exchanger Market Study

Global sales of plate heat exchangers are set to increase at 4.6% CAGR through 2033.
By product type, welded plate heat exchanger segment will expand at a value CAGR of 5.0% through 2033.

By application, process heating segment is estimated to have a dominant share of around 49.4% in 2023.
Based on end user, chemical processing segment will create an incremental opportunity of nearly US$ 400.7 million through 2033.
The USA plate heat exchanger market is likely to exhibit a CAGR of 4.2% from 2023 to 2033.
Plate heat exchanger demand in China will surge at 4.5% CAGR over the next ten years.

Who is Winning?

The plate heat exchanger industry is moderately consolidated with few global players acquiring around 40% to 45% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

For instance,

In August 2021, API Heat Transfer announced the launch of a new brazed plate heat exchanger, the AXP Series, which is designed for high-efficiency applications in the HVAC and industrial markets.

Key Companies Profiled:
Alfa Laval AB
The Danfoss Group
Xylem Inc.
SPX Flow
GEA Group AG
Swep International AB
Hisaka Works Ltd.
API Heat Transfer
Chart Industries Inc.
Güntner GmbH & Co. KG
Tranter Inc

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Find More Valuable Insights

The research report analyzes the demand for plate heat exchangers. The global plate & heat exchanger market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.

As per Future Market Insights (FMI), the market has been analyzed based on product type, application, end-user, and region. The report provides qualitative and quantitative information on various players in this market. It also tracks the market by both supply-side and demand factors.

Global Plate Heat Exchanger Market Segmentation

By Product Type:

Gasketed Plate
Brazed Plate
Welded Plate
Fully Welded Plate
Semi Welded Plate

By Application:

Process Heating
Batch Heating
Heat Recovery Interchangers

By End User:

Food & Beverages
Chemical Processing
Oil & Gas
Pharmaceuticals
Energy & Power
HVAC & Refrigeration
Marine
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
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 is 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 5,000 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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Tissue Cultured Date Palm Market Set for a 7.7% CAGR, Anticipated to Achieve a USD 11.2 Billion Milestone by 2032

The tissue-cultured date palms market is expected to increase at a CAGR of 7.7% from 2022 to 2032, reaching a value of USD 11.2 billion. The market for tissue-cultured date palms was valued at USD 5.4 billion in 2022. According to recently released market analysis data from Future Market Insights, the demand for tissue-cultured date palms will increase by 7.4% year over year (Y-o-Y) in 2022.

Tissue-cultured date palm plants are of superior and uniform quality and are from a known and selected origin. Tissue-cultured date palm plants grow rapidly with negligible losses and produce a higher quantity of fruits as compared to traditionally propagated plants. Tissue culture technology enables the supply of tissue culture plants in large quantities at a planned date throughout the year, therefore it is known as season-free planting material. Tissue-cultured date palms are healthy and are more resistant to diseases. These factors continue to fuel the inclination of date palm cultivators toward tissue culture technology.

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Key Takeaways – Tissue Cultured Date Palm Market Study

  • Tissue cultured date palm plants have ability to establish large scale farms in a shorter period of time than traditional methods. Use of tissue cultured date palm plants increases the efficiency of farming, lowers cost and makes operations more profitable to farmers. Due to these factors, the demand of tissue cultured date palm plants is increasing rapidly.
  • Consumers are becoming conscious about the source of the raw material used in the end product and the need for high quality products. Tissue cultured date palm plant is healthy and disease free plant and is obtained from known source.
  • Tissue cultured date palm plants produce high quality fruits as compared traditional plants due to which their demand is increasing in the food and beverage industry.
  • In the North America, the demand for Medjool is increasing rapidly because tissue cultured date palm is used as an ornamental plant in subtropical and tropical climates, such as those in southern California and Florida. These trees are commonly seen along roadsides, parking lots and shopping centers. The demand for elite variety of Kutch is more as compared to other varieties across the globe which manufacturer only in Asia Pacific.
  • The Middle East and Africa holds major share in the tissue cultured date palm market. A large number of players are entering the tissue cultured date palm market in the Middle East and Africa. Date palms are known as wonder tree of the dessert. Weather in the MEA is suitable for the tissue cultured date palm plants due to which the production of tissue cultured date palm is more in MEA than any other region.

Tissue cultured date palm plant increases the production capacity of the fruits as well it is season-free and produces extremely high quality products due to which its demand is increasing across the globe. The use of tissue cultured date palm is economical as compared to traditional method.

M&A and Online Retail – Key Winning Imperatives

The global tissue cultured date palm market is primarily characterized by the presence of a large number of local and regional players. Local players account for a fair share of 15-20%. The global tissue cultured date palm market is characterized as highly organized in developed and developing economies. The key players operating in the tissue cultured date palm market are focusing on launching different varieties of tissue cultured date palm to expand their customer base.

Manufacturers of tissue cultured date palm are investing in research and development to expand their product portfolio. Major players of tissue cultured date palm are focusing on offering different varieties of tissue cultured date palm plants. Very few players use ecommerce website to sell their products. Players should therefore focus on utilizing the power of online channels to increase their sale, to increase their brand awareness and to increase their consumer base. Manufacturers in the tissue cultured date palm market are investing in the mergers, acquisitions and strategic joint venture to increase their geographical presence and production capacity.

Know More About the Tissue Cultured Date Palm Market Report

Future Market Insights, in its new offering, provides an unbiased analysis of the global tissue cultured date palm market, presenting historical demand data (2013-2018) and forecast statistics for the period from 2019-2027. The study divulges compelling insights on the tissue cultured date palm based on the Nature (male inflorescences and female inflorescences), variety (medjool, barhi, deglet noor, male barhi, elite varieties of Kutch and others) across seven major regions.

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Tissue Cultured Date Palm Market by Category

By Nature, Tissue Cultured Date Palm Market is Segmented as:

  • Female Inflorescences
  • Male Inflorescences

By Variety, Tissue Cultured Date Palm Market is Segmented as:

  • Barhi
  • Medjool
  • Deglet Noor
  • Elite Varieties of Kutch
  • Male Barhi
  • Others

By Sales Channel, Tissue Cultured Date Palm Market is Segmented as:

  • B2B / HoReCa
  • B2C
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

By Application, Tissue Cultured Date Palm Market is Segmented as:

  • Food and Beverage Industry
  • Personal Care Industry
  • Pharmaceutical Industry
  • Others

By Region, the Tissue cultured Date Palm Market is Segmented as:

  • 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.

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Anticipated Expansion of the Natural Antioxidants Market to Reach USD 3.6 Billion by 2032 | Future Market Insights Inc.

The natural antioxidants market refers to the global industry focused on the production, distribution, and consumption of naturally occurring substances that help protect our bodies from oxidative stress and free radical damage. These antioxidants are found in various plant-based sources, such as fruits, vegetables, herbs, and spices, and they play a crucial role in maintaining overall health and well-being.

The revenue from the natural antioxidants market is anticipated to reach US$ 2.1 billion in 2022. The market for natural antioxidants is anticipated to expand at a CAGR of 6% from 2022 to 2032 at USD 3.6 Billion.

The increasing prevalence of lifestyle-related diseases such as obesity, cardiovascular disease, diabetes, and other non-communicable diseases (NCDs) has become one of the greatest concerns for consumers around the world. Consumer awareness of healthy habits has brought about fundamental changes in their diet, which has increased the demand for natural antioxidants for many years. Weight-sensitive consumers are more sensitive to their daily calorie intake and are willing to consume nutrient-rich, low-calorie foods.

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Several research projects have concluded that natural antioxidants are beneficial in improving health conditions such as cardiovascular disease, diabetes, and other non-communicable diseases (NCDs).  This has led consumers to focus on getting antioxidants in their regular diet. In addition, health enthusiasts and fitness freaks are more likely to be attracted to organic and natural antioxidants as key ingredient in foods, beverages, and dietary supplements. The results could lead to strong growth in the natural antioxidant market over the next few years.

The vast majority of animal farms around the world are switching to alternative additives such as natural antioxidants, toxic binders, and organic acids to prevent contamination of raw materials. Using these alternative options also helps reduce the level of antimicrobial resistance from the feed-to-food model. It should be noted that AMR levels have reached alert levels around the world and people are less responsive to first-line or second-line treatment of the disease. In addition, oxidative stress is one of the main factors associated with immune system dysregulation and leads to several illnesses, so the majority of the population consumes natural antioxidants to improve immune system health. Tend to be. These factors encourage consumers to take precautions and create a large space for the healthy growth of natural antioxidants during the forecast period.

Key Takeaways from the Market Study

  • Asia-Pacific holds the major share and is expected to be the largest market for natural antioxidants, with sales estimated to reach ~US$ 1.1 Bn by 2032-end.
  • The natural antioxidants market in North America and Europe is expected to register a high growth rate in the coming years, owing to a remarkable hike in the consumption of nutritional supplements in these regions.
  • Increasing interest in the consumption of natural products is expected to bolster the demand for natural antioxidants.
  • Global natural antioxidants market represents a fairly consolidated competition landscape, where the majority of key players are investing in R&D to lower the production cost of natural antioxidants.
  • Natural antioxidants exhibit low volatility and high stability at high temperatures, offering better aid to food production techniques, including frying, cooking ,or baking.
  • Regulatory authorities are imposing limitations on the application of artificial antioxidants, leaving manufacturers of natural antioxidants in high spirits.

“The natural antioxidants market is being driven by their taste, aroma, and health benefits. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion,” says a lead analyst at Future Market Insights.

Who is Winning?

Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.

Utilizing primary natural antioxidants is not sufficient to meet all requirements. For example, rosemary extract (E392), which is primarily used in foods, works well with animal fats, but provides an unwanted odor and flavor. Studies have shown that combining two or more natural antioxidants works more effectively in most cases. Therefore, market participants offer a combination of tocopherol and rosemary extract. In addition, tocopherol is combined with citric acid or isopropyl citrate for optimal effect. To minimize food waste, players in the food industry extract natural antioxidants from the bran layer of cereal plants. Research emphasizes the inefficiencies of branded natural antioxidants compared to existing natural antioxidants, but ongoing research and development are underway to maximize the potential of branded natural antioxidants. I’m on the way.

Key players operating in the global natural antioxidants market include BASF SE, Ajinomoto Co Inc, Naturex S.A., Adisseo France SAS, The Archer Daniels Midland Company, I. du Pont de Nemours and Company, A & B Ingredients Inc, Hansen A/S, Koninklijke DSM N.V., Cargill, and Ingredients Inc.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the natural antioxidants presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Product:

  • Vitamins
  • Carotenoids
  • Polyphenols

Nature:

  • Organic
  • Conventional

Source:

  • Fruits & Vegetables
  • Herbs & Spices
  • Microalgae & Seaweed

End-Use:

  • Food & Beverages
    • Meat, Fish & Poultry
    • Spice & Condiments
    • Oil, Fat & Margarine
    • Packaged Food
    • Bakery & Confectionery
    • Others
  • Cosmetics
    • Skin Care
    • Hair Care
  • Nutraceuticals
  • Pharmaceuticals
  • Feed Industry

Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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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ASEAN’s Conveyor system Belt: A Journey Through Market Dynamics to 2032 – Where Strategy Meets Innovation

The ASEAN Conveyor System Market report, authored by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—unveils profound insights and meticulous analysis of the ASEAN Conveyor System market. Encompassing the research’s ambit and essence, the report scrutinizes the driving determinants, market expanse, and predictive statistics for the ASEAN Conveyor System. It offers exhaustive breakdowns of revenue and shipment segments, with an extensive 10-year forecast till 2032. Furthermore, the document evaluates pivotal industry players, their market apportionments, the competitive terrain, and regional insights.

The market for conveyor systems in ASEAN was valued at US$ 1.7 billion in 2021 and is expected to increase at a CAGR of 7.1% to US$ 3.7 billion by 2032. By the conclusion of the predicted period, more than 22% of ASEAN’s total conveyor system deployment will be made up of roller conveyor systems.

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As the need for warehousing increases, the conveyor system market is anticipated to grow. The demand for the warehousing and intralogistics industries will increase as diverse industries grow since a sizeable part of new business initiatives will require considerable warehousing services and products. The conveyor system market is being boosted by the ASEAN region’s expanding e-commerce industry, which is also strengthening the warehousing business.

The Indonesia market is expected to dominate the ASEAN Conveyor System Market in terms of revenue in 2022 and to grow throughout the forecast period. Indonesia will account for nearly 30% of the ASEAN market. The ASEAN conveyor system market accounts for ten to twelve percent of the global conveyor system market.

Conveyor systems are in high demand as the automotive industry strives to maintain agility in the assembly process. A well-functioning conveyor system is essential during production because there are numerous parts that must be moved around. Conveyor systems provide many benefits to automakers, including the ability to move parts quickly and efficiently along the production line. Conveyor systems can also help reduce labor costs by automating some of the tasks associated with moving parts from one station to the next.

Conveyor systems will continue to play an important role in assembly line operations as the automotive industry strives to maintain a competitive edge.

Demand for Energy-efficient Conveyor System

Industries are increasingly focusing on lowering energy costs by using efficient processes and products. A material handling facility uses a lot of energy. Lighting, heating, cooling, machinery operations, and peak-time operations are the areas in which more energy is necessary and is generally more utilized. This presents challenges and prospects with regards to energy sustainability, as facilities may use old, inefficient motors. In tune with this requirement, manufacturers of conveyor systems are presenting conveyor with energy-efficient systems for various applications. For instance, manufacturers are evolving conveyor systems with better visco-elastic properties, which can reduce energy consumption by up to 20%.

Which Industry has more Demand for Conveyor Systems in the ASEAN Market:

According to research, the automotive industry is the most popular, followed by intralogistics and warehousing. The automotive industry is expected to maintain its dominance throughout the forecast period.

The ASEAN region offers numerous opportunities for automotive and vehicle component manufacturers. Vehicle demand rises as the region’s economy strengthens and the number of middle-class households with high net disposable income rises. Growth in production and sales figures is expected to continue as demand for cars and other motor vehicles rises. The ASEAN region’s growing automotive industry is expected to drive up demand for conveyor systems.

The Automotive industry is set to grow with a CAGR of 7.6% and is estimated to create an absolute dollar opportunity worth US$ 256.7 Million during the forecast period.

Key Companies Profiled:

  • TUKU Singapore Pte Ltd
  • MIS Belt Centre Pte Ltd
  • Kaiye Industries (M) Sdn Bhd
  • DNC AUTOMATION (M) SDN BHD
  • PRIMECH
  • CBR CONVEYOR SYSTEMS SDN BHD
  • PT. Rollent Indonesia
  • PT. Suprabakti Mandiri
  • PT. Almec Indonesia
  • RexLine Engineering Indonesia
  • MAE SYSTEMS ENGINEERING (THAI) CO., LTD
  • Nagasaki KIKI (Thailand)
  • NKC THAI NAKANISHI
  • PLIC Corp., Ltd.

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ASEAN Conveyor System Market Key Segments

By Product Type:

  • Belt Conveyor
  • Roller Conveyor
  • Pallet Conveyor
  • Overhead Conveyor
  • Tri-Planar Conveyor
  • Crescent Conveyor
  • Skid Conveyor
  • Trailer Conveyor
  • Others

By Operation Type:

  • Manual
  • Semi-Automatic
  • Automatic

By Capacity Type:

  • Unit Handling
  • Bulk Handling

By Application Type:

  • Packaging & Warehouse Distribution
  • Textile & Paper
  • Construction & Mining
  • Automotive & Transportation
  • Consumer Electronics
  • Food & Beverage
  • Chemical & Pharmaceutical

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 is 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 5,000 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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Sustained Growth Expected: Silk Protein Market Surpasses USD 1.1 Billion, Forecasts 5.9% CAGR Until 2032

According to recently published data from Future Industry Insights’ analysis of the silk protein market, the market is expected to be worth USD 0.6 Bn in 2022. The projected CAGR until 2032 is 5.9%.

Silk protein is used in eye cosmetics and eye drops to make them free of toxic chemicals that cause eye discomfort and hair loss in the lashes and eyebrows. Silk protein, which can be found in mascara, brow makeup, and eye drops, could be a solution to these issues.

These products will help consumers maintain a suitable volume of hair while also adding to their appearance because they promote hair development.

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Similarly, these are used to manufacture moisturizers, facial toners, face masks, soap, body wash, and a variety of other products that help the skin fight early ageing and hydrate it to make it look shinier, younger, and more beautiful.

The need for silk protein in industries such as cosmetics & personal care, textiles, pharmaceuticals, and nutraceuticals is propelling the worldwide silk protein market forward. Silk protein’s oligopeptides and other helpful components, such as amino acids, are rapidly being adopted in the production of beauty goods such as body lotion, shampoo, lotions, and serum.

The market for silk protein is growing due to increased research into two silk types, Sericin and Fibroin, for their potential use in the pharmaceutical industry. However, the high price of silk protein, which is a result of the high cost of silk manufacturing, could be a major stumbling block to the worldwide expansion of the silk protein market.

Key Takeaways from the Market Study

  • Europe is the most important region in the silk protein market, accounting for 25.7 percent of the global market. In comparison to other European countries, Poland is likely to provide a relatively large part of the silk protein market.
  • The global silk protein market is a market with a moderate level of competition. Tier-1 players control approximately 35 percent to 40 percent of the market.
  • Manufacturers are concentrating on certain techniques, such as acquiring small businesses that have long been active in the silk protein sector. These acquisitions can help them expand their regional and local markets, as well as gain consumer trust.
  • Manufacturers are also expanding their market presence by introducing new silk protein-based goods. In a nutshell, they aim to attract customers by offering unique and rich items made from natural elements or ingredients.
  • “Collaborations, mergers and acquisitions, product and technology innovation, and investment in R&D are just a few of the key growth strategies being used by major market players in the global silk protein market.”says a lead analyst at Future Market Insights.

Who is Winning?

Haircare, toiletry, skincare, lip care, colour cosmetics, and pharmaceuticals are just a few of the potential uses for silk protein. The expanding use in haircare products is projected to result in higher market share, while skincare adoption continues to account for comparatively large sales.

For example, Swisse Wellness, a well-known Australian personal care, vitamin, and supplement firm, released a line of jelly supplements in the United States in 2019. Cera-Q, a silk protein hydrolysate proven to promote cognitive capabilities, is used in the company’s “attention boost jelly,” which is claimed to support brain function and memory.

Some of the leading companies offering silk protein are SilkTech Biopharmaceuticals Huzhou Aotesi Biochemical Huzhou Xintiansi Bio-tech Co., Ltd. Kraig Biocraft Laboratories, Inc. (Trading Symbol: KBLB) Evolved by Nature (previously Silk Inc.) Bolt Threads AMSilk GmbH Universal Preserv-A-Chem Inc., Proteina, and SUBONEYO CHEMICALS PHARMACEUTICALS PRIVATE LIMITED.

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Future Market Insights, in its new offering, provides an unbiased analysis of the silk protein market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on silk protein based on product (sericin, fibroin), form (powder, oil), application (haircare, skincare, eye care, color cosmetics) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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Frequently Asked Questions

  • What is the growth rate of the silk protein market?
  • What is the market’s forecasted outlook for 2022-2032?
  • What are the major industry drivers?
  • What are the key industry strategies of the global silk protein market?
  • What are the major regional markets for silk protein?
  • Which region consumes the highest amount of silk protein?
  • What are the most common types of silk protein in the market?
  • What are the market’s major application segments?
  • What are the Key companies operating in the market?

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
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Pet Lodging Market is Likely to Advance at a CAGR of 5.7% During the Forecast Period 2033 | FMI

The pet lodging market is set at US$ 4 billion in 2023, with expectations for it to reach a total of US$ 7 billion by 2033. The adoption of pet lodging services is anticipated to advance steadily, exhibiting a forecasted Compound Annual Growth Rate (CAGR) of 5.7% during the indicated period.

Pet owners are willing to invest in premium and personalized lodging services for their pets. This includes amenities such as spacious suites, luxury bedding, individual play areas, and personalized care options tailored to each pet’s unique needs. The integration of technology is becoming a prominent trend in the pet lodging industry. This includes features like online booking systems, mobile apps for real-time updates and monitoring, webcams to remotely check on pets, and digital communication channels for seamless interaction between pet owners and facility staff.

The growing pet ownership rates globally provide a significant opportunity for the pet lodging market. As more individuals welcome pets into their families, the demand for safe and comfortable lodging options during travel or work commitments is on the rise.

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Health and wellness services are gaining traction in the pet lodging market. This includes offering grooming, spa treatments, exercise programs, and even holistic therapies to promote the overall well-being of pets. With increasing awareness about environmental sustainability, the adoption of eco-friendly practices is becoming a trend in the pet lodging market. This includes using sustainable materials, implementing energy-efficient systems, and incorporating green initiatives in day-to-day operations.

Franchise and chain operations are expanding in the pet lodging industry, offering standardized services and a recognizable brand. This trend allows for broader market reach and greater convenience for pet owners.

Key Takeaways from the Pet Lodging Market:

  • As per FMI, the United States is spearheading the growth across North America, accounting for nearly 5.9% of the market share in 2022.
  • United Kingdom is expected to account for 5.1% of the total market share in Europe.
  • As per Future Market Insights, the premium segment is expected to dominate the product type with a market share of 5.3%.
  • As per FMI, the online booking segment is poised to expand at over 5.5% CAGR in 2023.

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 “The pet lodging market is witnessing notable expansion as pet owners increasingly seek trustworthy and high-grade accommodations for their beloved pets”, remarks an analyst at FMI.

Market Competition

Key players in the pet lodging market are innovatively transforming the manufacturing process to cater to the changing demands and desires of pet owners in a distinctive manner. These players are adopting innovative design concepts and advanced technologies to create state-of-the-art pet lodging facilities.

Modern manufacturing techniques, such as modular construction and prefabrication, enable faster and more efficient construction of pet lodging facilities. This approach ensures high-quality structures that are durable, customizable, and easily scalable.

Key players are incorporating eco-friendly materials and sustainable practices to minimize environmental impact. By embracing these manufacturing advancements, key players are transforming the pet lodging market, providing safe, comfortable, and attractive accommodations for pets while offering convenience and peace of mind to their owners.

Key Players in the Market:

  • Oupet Co.
  • PetBacker Co.
  • PaCo Pet Care LLC
  • PetSmart Inc.
  • Paradise 4 Paws LLC
  • Puss ‘n’ Boots Boarding Cattery
  • Dogtopia Enterprises LLC
  • Pet Station Kennels & Cattery
  • Preppy Pet Co.
  • Barkefellers
  • Urban Tails Pet Resort
  • Royvon Dog Training & Hotels
  • Country comfort kennels
  • Camp Bow Wow Co.
  • Best Friends Pet Care
  • Carey Pet and Home Care

Product Portfolio:

  • Oupet Co. offers a diverse product portfolio for pet owners, including high-quality pet food, grooming products, toys, and accessories. Their range focuses on providing nutrition, comfort, and entertainment for pets.
  • PetBacker Co. provides a comprehensive product portfolio catering to pet care services, including pet sitting, boarding, grooming, and walking. Their offerings aim to provide convenience and peace of mind for pet owners, ensuring the well-being and happiness of their beloved companions.

More Insights Available

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

To understand opportunities in the pet lodging market, the report is segmented on the basis of Pet Type (Dogs, Cats and Other), Lodging Period (Overnight Stay and Extended Stay), Price Range (Mass and Premium), Booking Type (Physical and Online), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us:        

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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