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As per the report published by FMI, the global automotive smart antenna market size is projected to have a rapid-paced CAGR of 12.2% during the forecast period. The current valuation of the market is US$ 3.94 Billion in 2022. The market value of automotive smart antennas is anticipated to reach a high of US$ 12.45 Billion by the year 2032. The base year recorded a valuation of US$ 3.44 Billion.

The automotive smart antenna is anticipated to play an integral role in establishing communication to enhance the safety and performance of the vehicles. This product is allowing original equipment manufacturers (OEMs) to fulfill customer requirements for infotainment services.

While analyzing the automotive smart antenna market, an expert analyst reveals that gradual increase in the incorporation of wireless technology and positioning technologies such as Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting technologies in vehicles is expected to drive the global automotive smart antenna market in the current and future years.

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According to the findings of Future Market Insights, smart antennas are expected to reduce the overall costs and weight of automobiles with the benefits of easier cable routing and reduced cable length, without affecting the overall design of the automotive since they are completely invisible. Improvised connectivity in automobiles is enhancing the user’s experience such as a stronger interface community, active steering, and improved connectivity.  Therefore, the automotive smart antenna market is likely to have a significant rise in demand during the estimated period.

FMI has analysed that automotive smart antennas are becoming the most pivotal component of position location systems and they are also crucial in telematics devices, allowing easy detection of locations. However, the lack of developed infrastructure in some developing countries may create a barrier to wireless technology and in-vehicle connectivity, hampering the progression of the automotive smart antenna in the coming years.

Key Takeaways from the Automotive Smart Antennas Market

• Asia Pacific region is projected to dominate the global automotive smart antenna market with a market valuation of US$ 4,394.07 by 2032.
• The current market valuation for automotive smart antennas stands at US$ 3.94 Billion in 2022.
• The automotive smart antenna market is anticipated to record a CAGR of 12.2% during the period 2022-2032.
• Passenger Vehicles segment is identified to be the largest adopter of automotive smart antennas.

“The rising concern about traffic congestion and the increasing demand for dashboard features are likely to create lucrative growth opportunity for the market players of the automotive smart antennas market.” – Says an FMI Analyst

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Competition Landscape in the Automotive Smart Antennas Market 

The market can be described as a competitive market. The key companies have adopted several strategies to broaden their customer base worldwide. Furthermore, the manufacturers are indulging in several growth strategies with frequent innovation of smart automotive smart antennas to provide consumers with a seamless, safe, and comfortable experience.

Ace Technologies Corp., Antenova Ltd., Beijing BDStar Navigation Co. Ltd., Calearo Antenne SPA, Continental AG, Harada Industry Co. Ltd., INFAC Corp., INPAQ Technology Co. Ltd., Koch Industries Inc., Lorom Industrial Co. Ltd., LS MTRON Ltd., Panasonic Corp., Samsung Electronics Co. Ltd. are some of the key players in the market.

Key Segments Covered in the Automotive Smart Antenna Report

By Frequency:

• Ultra-High Frequency Automotive Smart Antenna
• Very High Frequency Automotive Smart Antenna
• High Frequency Automotive Smart Antenna

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By Component:

• Automotive Smart Antenna
• Automotive Smart Tuner
• Automotive Smart Transceivers

By Vehicle Type:

• Automotive Smart Antenna for Passenger Cars
• Automotive Smart Antenna for Light Commercial Vehicles
• Automotive Smart Antenna for Heavy Commercial Vehicles
• Automotive Smart Antenna for Battery Electric Vehicles
• Automotive Smart Antenna for Plug-in Hybrid Vehicles

By Sales Channel:

• Automotive Smart Antenna Sales through OEMs
• Automotive Smart Antenna Sales through OESs
• Automotive Smart Antenna Sales through IAMs

Recent Developments in the Automotive Smart Antennas Market:

• In August 2020, Laird Connectivity launched a new product named Revie Flex 600 and announced to launch of the Revie Flex 700 flexible PCB antennas. This product is launched to accelerate the development of wireless products for 5G, NB-IoT, and LTE-M/CAT-M Applications. This would help the company to enhance its product portfolio and increase its revenue in the near future.
• In May 2020, Airgain, Inc. launched their new product, high-power user equipment (HPUE) antenna-modem platform for the First Responder Network Authority (FirstNet) network using a module from Assure Wireless. This platform will enable superior performance for 4G and 5G communications. This will enhance the company’s product portfolio.
• In January 2019, Hella showcased its sensible and protected mobility options at the North American International auto exhibit which is the greatest motor exhibit in the USA.
• In 2018, Hirschman Car Communication/TE Connectivity has introduced its Remote Tuner Module the subsequent step in vehicles’ radio technology.
• In 2018, Hella launched its new joint project with the business enterprise BHAP, offering digital components, as HELLA BHAP Electronics Co., Ltd. • In September 2018, Airgain, Inc. launched OptumX antenna, a shot-glass MIMO LTE antenna.
• In September 2018, Airgain, Inc. launched MULTIMAX FV 5-in-1 & 6-in-1 antennas.

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Future Market Insights (ESOMAR certified 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.

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According to ESOMAR-certified Future Market Insights’ (FMI) by 2032 it is anticipated that the global automotive air filter market will be worth US$ 6,680 million, up from an estimated value of US$ 5,321.3 million in 2022. In the automotive air filter market during the forecast period, a CAGR of 2.3% is anticipated.

The adoption of regulations governing greenhouse gas emissions, an increase in demand for high-end vehicles with improved passenger comfort, and an increase in automotive sales and production have all contributed to the automotive air filter market growth. The demand for electric vehicles is growing, though, which is limiting the automotive air filter market’s expansion. Throughout the projection period, technological advancements and increasing demand for multi-filtration systems are likely to present growth opportunities.

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The automotive air filter market, and in particular the cabin filter market, are both growing as a result of the ever-expanding automobile industry, particularly the cars market. The market for cabin air filters is flourishing as consumers become more aware of the need for air filters to maintain clean air and prevent dirt from entering passenger cabins.

There are numerous filters in every car. During the forecast period, this will spur automotive air filter market expansion along with increased car production. This will accelerate automotive air filter market expansion along with increased car production.

Throughout the projection period, a steady automotive air filter market growth in the North American market is anticipated. The enormous vehicle fleet and high average annual mileage in nations like the United States and Mexico are driving the automotive air filters market in this region. The majority of parking spaces are occupied by passenger cars and light commercial vehicles (LCVs) in North America. Automotive air filter market expansion is likely to be encouraged by strict laws and regulations created by the governments of the United States and Canada to reduce alarming pollution levels.

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Key Takeaways:

• A maximum CAGR of 2.1% is projected for the automotive air filter market cabin segment.
• In North America, the automotive air filter market is anticipated to grow to 15% of the global market.
• Europe will control about 24% of the global automotive air filter market by 2022.
• During the forecast period, APAC’s automotive air filter market is anticipated to grow at one of the fastest rates worldwide.
• Sales of electric vehicles are booming in China, and many automakers are still experimenting with this form of transportation.
• One of the most important markets for luxury vehicles in the Asia-Pacific region is Japan.

Start-up Ecosystem:

• Filters2Go

Air filters for commercial and automotive use are distributed by Filters2Go, a company based in the US. There are filters available for air conditioners, purifiers, pleated, dust, cabins, and activated carbon. Additionally available are HEPA vacuum cleaners and fresh filters.

• Freudenberg Filtration Technologies L.P.

The company Freudenberg Filtration Technologies L.P. produces MicronAir® and Viledon® air filters and filter media for use in a variety of applications, including general HVAC, automotive cabin air systems, paint spray booths, hospitals, pharmaceutical and electronics manufacturing, food, turbine applications, home vacuum cleaners, motor protection, air cleaners, and respiratory protection.

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Competitive Landscape:

MANN+HUMMEL, Donaldson Company, Inc., NGK Insulators, Ltd., Sogefi SpA, Nirvana Being, Mahle International GmbH, C & R Fab Media Private Limited, Melkev Machinery Impex, Global Filters, and Simplex Corporation are some of the major players in automotive air filter market.

Freudenberg & Co. KG, Mann + Hummel GmbH, Sogefi SpA, and Donaldson Company Inc. monopolise the automotive air filter market. Through the launch of new facilities and the release of improved air filter models, the companies have been growing their existence.

Additionally, Toyota Boshoku provides cabin air filters for Toyota, particularly in the Japanese market.

Key Segments Profiled In the Global Automotive Air Filter Market

Automotive Air Filter Market by Type:

• Cabin Automotive Air Filter
• Intake Automotive Air Filter

Automotive Air Filter Market by Filtering Media:

• Synthetic Automotive Air Filter
• Cellulose Automotive Air Filter
• Activated Carbon Automotive Air Filter
• Particle Automotive Air Filter

Automotive Air Filter Market by Region:

• Automotive air filter market in North America
• Automotive air filter market in Latin America
• Automotive air filter market in Europe
• Automotive air filter market in Asia Pacific
• Automotive air filter market in MEA

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified 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.
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T: +1-845-579-5705
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The global EV Charging Cables Market is anticipated to register a phenomenal growth rate of about 22.2% during the forecast period from 2022 to 2032, with an expected valuation of US$ 1,549.3 Million in 2022 and totaling around US$ 11,541.6 Million by the end of 2032.

There are two types of electric vehicle charging cables: public charging and private charging. The private charging segment is predicted to account for a notable portion of the global EV charging cables market.

Due to the expanding number of private electric vehicles on the road, this segment in particular is expected to dominate the market over the assessment period. The public charging segment is projected to dominate the market over the forecast period, accounting for a boost in the number of commercial charging terminals across regions.

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Key Takeaways

• The implementation of electric vehicles is expanding in several countries all over the world with heavy investments in research and development in this sector. Numerous countries including the Netherlands, France, India, and Canada have launched various campaigns in order to encourage the adoption of electric vehicles. Automakers in the automotive sector are given by the state fixed quotas, tax breaks, subsidies, and rebates.
• For purchasing purposes, entitlements are conveniently available for customers. Such considerations have caused a spike in the global production and sales of electric vehicles. In order to ensure the smooth functioning of vehicles, the surging inventory of electric vehicles necessitates the establishment of power grids and charging terminals.
• The major factor driving growth in the EV charging cables market is the development of these vehicles which has resulted in advancements in electric vehicle charging technology and significant investments by automakers in electric vehicles.
• Several organizations develop EV charging cables to make sure quick charging terminals are available for vehicles. Tesla has approximately 1600 supercharging stations available all over the North American region. This propels the development of charging infrastructure, resulting in propelling the global EV charging cable market.

Competitive Landscape

Key EV charging cable providers are rapidly adopting various marketing strategies including new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration in order to increase sales and raise the interest of potential buyers to create a massive customer base and gain a competitive edge in the global EV Charging Cables market.

Key Companies Profiled

• OSRAM Licht AG
• Phoenix Contact
• DYDEN Corporation
• Prysmian S.p.A.
• TE Connectivity
• Leoni AG
• Aptiv
• Tesla Inc.
• Huber & Suhner AG
• Eland Cables
• Coroplast
• BRUGG Group
• BESEN Group

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Key Segments covered in the EV Charging Cables Industry Survey

By Power Supply:

• AC Charging
• DC Charging

By Product Type:

• Mode 2 Charging Cables
• Mode 3 Charging Cables

By Voltage Capacity:

• 16 Amp
• 32 Amp

By Application:

• Private Charging
• Public Charging

By Region:

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

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More Insights into the EV Charging Cables Market

Asia Pacific EV charging market is expected to dominate the global market landscape. In 2019, the Asia Pacific EV Charging Cables Market was worth US$ 255 Million. Owing to the largest number of transactions and production of electric vehicles in this region, the Asia Pacific region is projected to dominate during the forecast period.

Due to the accelerated adoption of electric vehicles, China is considered the market’s largest contributor. Among several other countries, China is a dominant market leader in electric vehicle charging stations. As per the FMI analysis, China’s EV exports are anticipated to skyrocket over the next few years. In 2020, China generated a revenue of 1.5 million by selling EVs.

North America is the second largest EV charging cables market because of the widening quantity of electric vehicle customers in this region. Despite the COVID-19 challenges, the majority of the North American countries are expected to boost product sales and exports in 2020. The United States is considered a prominent player, providing opportunities for electric vehicle parts.

North America is accounting for a massive market share of 25.7% of the global EV charging cables market. Because of several technological advancements such as fast charging cables, type-2 connecter plugs, and so on have offered leading players in the market an opportunity to expand their horizons.

Europe’s EV charging cables market is expected to witness lucrative growth opportunities backed by the surging adoption of electric vehicles in this region as a result of escalating regulations on vehicle emissions in this region. Europe is accounting for a market share of 31.8% of the global EV Charging Cables market.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified 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
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The global commercial helicopter market is expected to reach a valuation of US$ 11.5 Billion by 2032, with the market expanding at a positive CAGR of 6.4% from 2022 to 2032. Valued at US$ 5.9 Billion in 2021, the target market is expected to reach an estimated US$ 6.2 Billion in 2022.

The elevated need for commercial helicopters in emergency services, VIP transport, military and defense activities, and oil and gas rigs as well as the replacement of older fleets propel the growth of the commercial helicopter market during the forecast period.

Helicopters ensure greater connectivity and liveability of cities which propels the market prospects for the same. The use of small aircraft in urban spaces at low altitudes bolsters connectivity and liveability of these urban cities by lessening congestion on important routes in cities. This augments the global sales of commercial helicopters.

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Besides, these helicopters- particularly the light type- are witnessing heightened demand from the public safety & law enforcement segment. Again, the use of electric power by these helicopters is improving safety, reducing the cost of operation, and lessening the noise component.

In addition, hybridized helicopters, which utilize the benefits of electric power along with capitalizing on the advantages of traditional aircraft exhibit strong market potential which, in turn, boosts the market prospects of commercial helicopters. These hybrid helicopters are good for the environment as they improve fuel economy and assist with emission reduction. All of these factors foster an atmosphere of growth for the commercial helicopter market during the forecast period.

“Rising need for replacement of older fleets along with a demand for advanced models of the target product will drive the global growth of the commercial helicopter market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• The commercial helicopter market in the United States will grow at 5.5% CAGR, reaching US$ 3.9 Bn by 2032.
• In Europe, the commercial helicopter market is predicted to expand at a CAGR of 6%, arriving at a value of US$ 2.8 Bn during the assessment period.
• By type, the light commercial helicopter segment is anticipated to register a CAGR of 6% during 2022-2032.
• Based on application, the public safety and law enforcement segment is leading the market with a CAGR of 5.5% during the forecast period.

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Competitive Landscape 

Top Global commercial helicopter companies are: Airbus S.A.S., Bell Helicopter Textron Inc., Enstrom Helicopter Corp., Hindustan Aeronautics Limited, Korea Aerospace Industries, Lockheed Martin Sikorsky Aircraft, and Robinson Helicopter Company among others are some of the major players in the commercial helicopter market profiled in the full version of the report.

Key market players are concentrating on improving their current models, enhancing safety, and capitalizing on new technologies to cater to consumer demands. These firms are increasing investment in R&D activities for the automation of certain parts of the flying process to lessen the burden on the pilot. Joint ventures, agreements, and collaborations are certain other tactics adopted by some of these market participants.

Market Segments Covered in Commercial Helicopter Market Analysis

Commercial Helicopters Market by Type:

• Light
• Medium
• Heavy
• Very Large

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Commercial Helicopters Market by Application:

• Oil & Gas
• Medical Services
• Transport
• Law Enforcement & Public Safety
• Other Applications

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified 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:

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The pet food ingredient market was valued at US$ 11.49 Bn in 2021 and is projected to grow at a CAGR of 5.4%, to reach a value of US$ 20.5 Bn by 2032. The market accounts for 6% of the overall pet care market which was valued at US$ 189 Bn in the year 2021.

This growth is attributed to the current trend observed among consumers, especially the younger generation on animal humanization and pet culture. This has resulted in consumers being willing to pay premium prices on nutritional food for their four-legged friends. This has subsequently helped in boosting the sales of pet food ingredients globally.

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Moreover, cultural changes have influenced the rise in pet ownership are becoming increasingly popular among customers particularly among millennials and generation Z to some extent as they intend to depend on these pets for emotional support. As a result, households with younger members have a larger inclination towards pet ownership, making them an attractive demographic for the pet food industry.

Increasing consumer awareness regarding organic pet food ingredients has grabbed the attention of manufacturers and hence there is a shift of focus from artificial to natural ingredients which have acted as one of the major forces impacting the global market.

Key Takeaways from Market Study

• Under the segment by conventional nature the pet food ingredients market is anticipated to hold a market share of around 87.% in 2022
• The market is also segmented based on ingredient type where protein-based pet food is anticipated to account for 19.7% of the overall ingredient type market in the year 2022.
• In the European market, Germany is accounted for a significant share of 20.1% in 2022, which is also expected to witness a lucrative growth rate of 2.9% during the forecast period.
• Growing consumer demand for nutritious and healthy food for their pets is driving sales of pet food ingredients across global markets.
• By product type, dry pet food ingredients are anticipated to hold the highest market share of around 36.8% and wet food ingredients are inferred to hold a market share of 34.3% by 2032 end.
• Post COVID-19 the factories are now operational at full-scale and there are no logistic constraints at the same time. Moreover, import and export from the European market to the globe is anticipated to increase in the next few years

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“Manufacturers in pet food ingredients market are currently focusing on organic market strategies such as new product innovations and launches to attract new customers and subsequently earn higher revenues globally” says a Future Market Insights analyst.

Competitive Landscape

Top players in the pet food ingredients are majorly investing in the research & development of nutritious pet food ingredients along with enhancing the quality of their products. These manufacturers are constantly updating their product lines with new launches keeping in mind the requirements of a healthy diet for an animal.

• Chr. Hansen launched its science-based probiotics for the pet segment. It introduced a  new portfolio of stable live probiotics for use in  pet supplements and pet foods, enhancing every pet’s life stage with good bacteria
• Cargill launched The Chompery™, a new line of butcher-quality dog treats which are sourced in the US

Explore More Valuable Insights

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

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Segmentation Analysis Of Global Pet Food Ingredients Market

By Ingredient Type :

• Starches
  • Maize/Corn
  • Tapioca
  • Potato
  • Wheat
  • Rice
  • Whole Grains
  • Fruits and Vegetables
  • Seeds and Legumes
• Dietary Fibre
  • Wheat
  • Rice
  • Bran
  • Potato
  • Legumes
  • Oats
  • Inulin
  • Nuts and Chicory root
• Fruit Ingredients
  • Apple
  • Cranberry
  • Blueberry
  • Other Fruit Ingredients
• Protein
• Sugar
• Fructo-Oligosaccharides
• Mannan-oligosaccharide
• Sorbitol
• Propylene Glycol
• Glycerol

By Animal Type :

• Dogs
• Cats

By Nature :

• Organic Pet Food Ingredients
• Conventional Pet Food Ingredients

By Product Type :

• Wet Food
• Dry Food
• Treats and Chews
• Other Product Types (Frozen Food, Raw Food, etc.)

By Region :

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

About FMI
Future Market Insights (ESOMAR certified 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.

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The global dehydrated pet food market is projected to reach US$ 8.6 Bn, registering a CAGR of 4.9% during the forecast period (2022-2032). The overall sales of dehydrated pet food for dogs are expected to surpass US$ 13.8 Bn by the end of 2032.

Surging adoption of dogs and cats and growing trend of pet humanization will boost the dehydrated pet food market. Further, increased penetration of social media and expansion of e-commerce sector is fueling the sales of pet food, aiding the growth in the market.

Moreover, animal pharmacists and pet care enthusiasts have excelled at conducting educational programs to raise awareness about health- and care-related issues. They also raise campaigns for issues ranging from specific conditions to animal well-being, to general health messaging, on special days, weeks, or months.

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Several governments and commercial groups worldwide are attempting to develop the animal health care industry. For instance, the US government’s implementation of the Feed the Future initiative, a public program that gives training to both private and public animal health personnel.

Likewise, awareness-raising events, such as Pet Dental Health Month, Be Kind to Animals Week, and Bring Your Cat to the Vet Day, were designed to address problems in the veterinary and pet care industries.

A slew of such increasing campaigns and awareness regarding pet health will fuel the growth in dehydrated pet food market.

Key Takeaways from Market Study

• The dehydrated pet food market is expected to expand at CAGR of 5.0% and 7.8% in Latin America and Middle East & Africa, respectively, through 2032.
• South Asia and Oceania dehydrated pet food market are expected to account for over 6.7% and 4.8% of global market share, respectively, in 2022,.
• Europe dehydrated pet food market is anticipated to reach a shipment of 535,243 metric tons.
• Among the pet type segment, sales of dehydrated pet food for dogs are expected to reach US$ 3,822.9 Mn in 2022, registering a CAGR of 4.6%.

“Dehydrated pet food manufacturers are investing in product innovation in terms of flavors and nutritional ingredients to capitalize on growing demand for organic and flavored pet food products. Besides this, they are leveraging their online websites and marketing strategies to increase their revenues through online sales channel,” says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of dehydrated pet foods are focusing on research & development to enhance the variety, quality, and innovation of their products. These manufacturers are also participating in various exhibitions and events to expand their global presence.

For instance,

• Purina Beyond Bio Organic Complete Adult Dog Food Rich in Chicken and Rice was recently launched in select European regions by Nestlé Purina under its premium Beyond pet food brand. Rice, dehydrated poultry protein, and salmon are among the certified-organic ingredients.

Explore More Valuable Insights

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

Dehydrated Pet Food Market by Category

By Nature:

• Organic
• Conventional

By Pet Type:

• Cat
  • Kitten
  • Senior
• Dog
  • Puppy
  • Adult
  • Senior
• Birds
• Others

By Distribution Channel:

• Store-Based Retailing
  • Hypermarket/Supermarket
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
• Online Retailers

By Region:

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

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The report covers exhaustive analysis on:

• How big is the dehydrated pet food market?
• What is the North America dehydrated pet food market outlook?
• At what rate will dehydrated pet food demand grow in Europe?
• What are the key trends driving the sales in dehydrated pet food market?
• At what rate will dehydrated pet food demand grow in India?

About FMI
Future Market Insights (ESOMAR certified 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.

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The carmine color market is expected to reach a valuation of US$ 33.0 Mn in 2022. With sales growing at a robust 7.9% CAGR, topping US$ 70.5 Mn by 2032.

Shifting consumer preference towards natural flavoring agents in food products is expected to fuel sales in the market. Manufacturers are using organic ingredients in packaged food products to keep up with the growing demand, which is encouraging product developments in the market.

Sales are also expected to be driven by the increasing availability of food and beverage products in the HoReCa sector. In addition to this, manufacturers’ development of various new technologies for creating water-miscible solutions for beverage products is likely to boost sales in the beverage sector.

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Further, increasing preference for organic ingredients in pet food is expected to drive the market over the assessment period. Consumers are getting more concious about the ingredients used in pet food to avoid indigestion in dogs and cats. The trend is expected to continue over the forecast period, thereby fueling the growth in the market.

“Growing applications of carmine color in plant-based meat products, along with expansion of the food & beverage sector in emerging economies is expected to drive the market in the forthcoming years,” says the FMI analyst.

Key Takeaways:

• The U.S. is estimated to account for more than 85% of the North America carmine color market in 2022.
• Germany is expected to dominate the Europe carmine color market holding more than 20% share in 2022.
• Sales in the China carmine color market are forecast to hold 30% of the APAC market share over the forecast period.
• India will emerge as a lucrative market, with sales growing at a 9.6% CAGR over the forecast period.
• Based on nature, sales in the conventional segment are forecast to account for 90.9% of the total market share in 2022.
• In terms of applications, demand in the meat, poultry, fish, & eggs segment will grow at a 7.1% CAGR over the forecast period.

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Competitive Landscape

Some of the leading companies offering carmine color are Chr. Hansen Holding A/S, Naturex, colorMaker, Inc., BioconColors, The Hershey Company, DDW The Color House, Sensient Colors LLC, Proquimac, Amerilure, Inc., ColorMaker, Inc. and Others.

Key players operating in the carmine color market are investing in research and development to expand their global presence. They are also using innovative technologies to improve the product quality. Besides this, investments in smart labelling, healthy ingredients, attractive packaging and exotic flavors are expected to remain high. For instance:

• In April 2018, Chr. Hansen expanded production facilities for natural colors in North America. The aim behind the expansion was to strengthen the company’s supply chain capabilities to deliver natural color solutions to current and future customers.

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Get Valuable Insights into Carmine Color Market

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

Carmine Color by Category

By Nature:

• Organic
• Conventional

By Application:

• Beverage
• Bakery, Snacks, & Cereal
• Candy / Confectionery
• Dairy
• Fruit Preparations / Fillings
• Meat, Poultry, Fish, & Eggs
• Potatoes, Pasta, & Rice
• Sauces, Soups, & Dressings
• Seasonings
• Pet Food

By Region:

• North America
• Latin America
• EMEAI
• APAC

About FMI
Future Market Insights (ESOMAR certified 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.

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The global galactose market topped US$ 26.1 Bn in 2021. As per Future Market Insights (FMI), the overall market value is expected to surpass US$ 45.1 Bn by 2031.

Changes in consumers’ eating habits, along with increasing consumption of ready-to-eat meals due to hectic lifestyle and busy schedules are some trends driving sales of galactose in the food and beverage industry.

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Owing to high demand, manufactures operating in the packaged food sector are incorporating galactose as an alternative to chemically processed sugar. In addition to this, expansion of the vegan population, and high focus on wellness-based products will continue fueling sales of galactose over the forecast period.

Rising awareness regarding usage of artificial and synthetic sugar in food and beverages spurring demand for galactose. Consumption of synthetic sugar results in health disorders such as high blood pressure, excessive weight gain, and increased risk of heart related disorders. In response to this, manufacturers are investing in research and development activities to launch plant-derived galactose in the market.

In addition to this, increasing demand for galactose from the personal care industry is anticipated to bode well for the market. Galactose is an exfoliant, which removed dead cells, minimizes pores, and doesn’t increase sun exposure, making it a vital ingredient in skincare products. This trend is anticipated to continue over the forecast period, resulting in high demand for galactose.

Key Takeaways:

• Crystal type of galactose is estimated to hold over half of the market in 2031.
• Based on product type, D-Galactose is expected to account for lion’s share of the total galactose sales in 2021.
• In terms of source, plant-derived sugar is anticipated to command the galactose market share.
• Sales of galactose in India are projected to rise at a robust 8.1% CAGR over the forecast period.
• The U.S. is estimated to account for more than 81% of the North America market in 2021.

The U.K. is projected to dominate the Europe galactose market with a market share of 14.8% in 2021.

Galactose Application in Personal Care Industry Creating Opportunities for Market Growth

Galactose has many anti-inflammatory and probiotic properties. These properties make it ideal for inclusion in exfoliating and nourishing skincare products. Galactose belongs to the PHA family of chemical exfoliants, which is a new generation of well-known AHAs and BHAs.

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PHAs mildly exfoliate the skin, making them suitable for usage on all skin types.

It can help minimise the appearance of dark spots and hyperpigmentation, and unlike other chemical acids like AHAs, it doesn’t increase sun exposure.  All these factors are leading to a higher application of galactose in the personal care industry.

Competitive Landscape

Some of the leading companies offering galactose are Thermo Fisher Scientific Inc., Merck KGaA, Kyowa Hakko Kirin Co., Ltd., Kyowa Hakko Kirin Co., Ltd., Suven Life Sciences Ltd., Nacalai Tesque Inc., Cayman Chemical Company, Inc., Anhui HeGeng Biotech Engineering Co., LTD., Tereos Starch & Sweeteners s.a.s, Cambridge Isotope Laboratories, Inc., and others.

Key players operating in the global galactose market are focusing on reaching a large consumer base by targeting emerging countries such as China, India, and Brazil. As a part of their growth strategies, players are investing in research and development to launch innovative plant-derived galactose products. Besides this, mergers, acquisitions, and strategic collaborations are expected to aid market players in expanding their global footprint over the forecast period. For instance:

• In March 2018, Kyowa Kirin Asia Pacific Pte. Ltd. announced the establishment of its Australian subsidiary, known as Kyowa Kirin Australia Pty. Ltd. With this establishment, the company aims to launch Kyowa Hakko Kirin’s products in the country.

Market Segments Covered in Galactose Industry Analysis

By Source:

• Plant Derived Sugar
• Synthetic Sugar

By Product Type:

• D-Galactose
• L-Galactose

By Form:

• Powder
• Liquid
• Crystal

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By End-Use:

• Food
  • Bakery Goods
  • Sweet Spreads
  • Confectionary
  • Dairy Products
  • Canned Food
• Beverage
  • Carbonated Drinks
  • Fruit Drink and Juice
  • Powdered Drinks and Mixers
  • Alcoholic Beverages
• Pharmaceuticals
• Personal Care
• Biofuel Industry
• Animal Feed Industry

About FMI

Future Market Insights (ESOMAR certified 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 Us:
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According to Future Market Insights (FMI) sales of paprika color will increase consistently to surpass US$76.92 Mn in 2021. Demand for paprika color is expected to grow at a 7.0% CAGR over the assessment period, from 2021 to 2031.

Paprika color application is poised to surge in the food industry, especially in meat products, salad dressings, confectionery, vegetable oils, soups, seasoning, sauces, bakery products, canned foods, and snacks.

The rising demand for natural food colors will positive impact sales of paprika color worldwide. Paprika color is either conventional or organic in terms of nature. As per the report, conventional paprika is expected to dominate the global market in 2021 with a market share of 80.6%.

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Key Takeaways from the Paprika Color Study:

• The EMEAI (Europe Middle East Africa and India) is key in market in terms of size and is expected to account for 39.3 % of the global paprika color market in 2021.
• On the basis of application meat, poultry, fish, & eggs section is expected to hold for 23.8% of the global paprika color market in 2021 and expected to grow at compound annual growth of 12.2%, followed by Potatoes, Pasta, & Rice.
• The U.S. is expected to account for over 85% of paprika color sales in North America in 2021. Irrespective of United States’ dominance, demand in Mexico and Canada is expected to rise at a higher pace.
• Germany is expected to account for 18.5% of paprika color sales in EMEAI through 2031.
• China will continue dominating sales in APAC, however, demand for paprika color is expected to increase at a higher pace in South Korea.

“Increasing use of paprika color in meat processing and a plethora of beverages such as juices and drinks are likely to boost sales of paprika color. Besides this, the market is expected to gain from increasing use of paprika color in hair care and personal,” Said a lead analyst at FMI

Various End Uses in Food Processing to Boost Market

The paprika color market is flourishing on account of increasing application in the food processing industry, rising awareness about health advantages of natural coloring agents over the substitute one, and growing demand within the specialty foodstuff and prepared to eat dishes.

Paprika color market is additionally gaining on account of nutritional profile of paprika that includes impressive anti-bacterial, anti-fungal, and anti-oxidant properties. This has fuelled its application in food, pharmaceutical and cosmetic industries. Within skincare and cosmetics industry, paprika color is used in a slew of hair care and skin care merchandise.

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Who is Winning?

Some of the leading companies offering paprika color are Blue Lily Organics, Natural Solution, ColorMaker Inc., Bioconcolors, Chr. Hansen Holding A/S, Synthite Industries Ltd., Plant Lipids, Ungerer & Company Unilever Food Solution, Chr. Hansen A/S, Sensient Technologies Corporation, Ingredients Naturales Seleccionados, Kalsec Natural Ingredients, Kancor Ingredients Limited, Naturex, Adani Pharmachem Private Limited, Givaudan, Ozone Naturals, Universal Oleoresins and others.

Paprika Color Market by Category

By nature:

• Organic
• Conventional

By application:

• Beverage
  • Milk Drinks & Milk Alternatives
  • Alcoholic Beverages
  • Carbonates (Carbonated Soft Drinks)
  • Sports Drinks
  • Coffee & Cocoa
  • Tea
  • Energy Drink
  • Juice Based Drinks
  • Flavored water
  • Enhanced Water
  • Sparkling Waters
• Bakery, Snacks, & Cereal
  • Breakfast Cereal
  • Bread
  • Cakes & Pastries
  • Cookies
  • Biscuits & Cones
  • Frosting / Icing
  • Crackers & Savoury Snacks
• Candy / Confectionery
  • Panned Candy
  • Chocolate & Compound Coating
  • Gummies
  • Chewing Gum
  • Jellies & Licorice
  • Sprinkles & Sugar
  • Hard Candies / Boiled Sweets

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• Dairy
  • Cheese
  • Ice Cream
  • Milk Drinks & Milk Alternatives
  • Pudding / Custard
  • Dips & Spreads
  • Yogurt
• Fruit Preparations / Fillings
• Meat, Poultry, Fish, & Eggs
  • Casings
  • Egg & Egg Substitute
  • Fish / Seafood
  • Jerky
  • Meat Substitute
  • Processed Meat & Poultry
• Potatoes, Pasta, & Rice
  • Pasta
  • Potato Chips / Crisps
  • Processed Potatoes
  • Rice
• Sauces, Soups, & Dressings
  • Asian Sauces
  • Barbecue & Steak Sauce
  • Condiments
  • Gravy / Dry Sauce Mix
  • Marinade
  • Oils & Dressings
• Seasonings
  • Batter
  • Breading and Coating
  • Bouillon / Soup Base / Stock
  • Liquid Smoke
  • Spice Blends / Dry Seasonings
• Pet Food
  • Extruded / Dry Pet Food
  • Snacks / Treats
  • Wet Food

About FMI

Future Market Insights (ESOMAR certified 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 Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers,
Dubai
​United Arab Emirates
For Sales Queries: sales@futuremarketinsights.com
Browse All Report: https://www.futuremarketinsights.com/reports
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