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Frozen Vegetables Market Expected to Reach US$ 53.8 Billion by 2024, Fueled by Increasing Demand for Convenient and Healthy Food

The global frozen vegetables market is predicted to surge at a CAGR of 6.0% through 2034. Sales revenue of frozen vegetables is estimated to be worth US$ 53,830.60 million in 2024.

Frozen veggies have a longer shelf-life, as compared to fresh vegetables and are thus easier to transport in various parts of the globe. These are stored at a temperature that is lower than the freezing point.

Increasing working population in both developed and developing countries is anticipated to positively impact the demand for ready-to-cook or readymade food products. Besides, growing awareness regarding health benefits associated with the consumption of frozen veggies and high demand for frozen food products are predicted to drive the global frozen vegetables market during the assessment period.

demand for frozen veggies is projected to surge among the working population to save time required for chopping and purchasing vegetables in day-to-day life. Recently, a study conducted by RaboBank found that the importation of frozen sweet potatoes, especially from the U.S., has gained traction over the past half-decade. It is expected to grow in future, thereby pushing the demand for frozen vegetables globally.

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Key Takeaways: Frozen Vegetables Market

Europe is expected to dominate the global market by accounting for the maximum share of about 30% in 2022, followed by North America.
The U.S. is set to generate the largest frozen vegetables market share of nearly 82% in the evaluation period.
By product type, frozen corn is expected to account for the lion’s share in the global frozen vegetables market by 2024.
Based on distribution channel, online retailers are expected to grow at a steady pace, as compared to all the other segments over the assessment period.
Rising number of convenience food sales outlets across the U.K. is anticipated to propel the Europe frozen vegetables market in the forthcoming years.

“Demand for frozen vegetables is increasing globally because of surging consumption by the health-conscious millennial population,” says a Future Market Insights analyst.

Competitive Landscape: Frozen Vegetables Market

Several key players are adopting numerous marketing and promotional strategies such as partnerships, collaborations, mergers & acquisitions, new product launches, and geographical expansions to compete with their rivals in the market.

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More Valuable Insights on Frozen Vegetables Market

Future Market Insights, in its new report, offers an impartial analysis of the global frozen vegetables market, presenting historical data (2019-2023) and estimation statistics for the forecast period of 2024-2034.

The study offers compelling insights based on product type (broccoli, green peas, asparagus, mushrooms, spinach, corn, green beans, and others), end user (food service industry and retail customers), and distribution channel (direct and indirect) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa) of the world.

Frozen Vegetables Market Outlook by Category

By Product Type:

Broccoli
Green Peas
Asparagus
Mushrooms
Spinach
Corn
Green Beans
Others

By End Use:

Food Service Industry
Retail Customers

By Distribution Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Grocery Stores
- Online Retailers
- Other Channels

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over ~400 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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Multi Nutritional Supplement Market to Reach US$ 1.9 Billion by 2032, Driven by Increasing Health Awareness and Demand for Dietary Supplements

Multi Nutritional Supplement Market is forecasted to register a 6.8% CAGR during the forecast period (2022-2032) and is projected to reach US$ 1.9 Billion by 2032

With the increasing growth of the health & wellness trend and consumers’ awareness about the necessity of adding diverse nutrients to diets, the demand for multi-nutritional supplements, as well as dietary supplements, has increased significantly in the past few years. Over-the-counter dietary supplements and multi-nutritional supplements are becoming a big business with a mounting number of consumers relying on these nutraceuticals for satisfying their daily dietary needs.

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Consumers are becoming aware of the importance of antioxidants, vitamins, and other nutrients, and it is directly influencing the sales of multi-nutritional supplements. In addition, with the increasing global prevalence of lifestyle diseases such as obesity, cardiovascular diseases, and diabetes, consumers are likely to depend on external nutritional supply to meet their dietary needs. The increasing dependency of consumers on multi-nutritional supplements for weight loss and obesity management will further bolster their demand in the coming years.

Consumers are preferring to consume multi-nutritional supplements instead of resorting to two or more two dietary supplements to get the essential nutrients. This is expected to support the growth of the multi-nutritional supplements market in the coming years. Leading players in multi-nutritional supplements are introducing products with health-benefiting ingredients such as vitamin D ingredients, vitamin C ingredients, and natural antioxidants.

Multi-nutritional Supplements Market – Competitive Landscape

Key stakeholders in the multi-nutritional supplements market Amway, Nature’s Bounty, Inc., Rexall Sundown, Inc., Puritan’s Pride, Inc., Osteo Bi-Flex, among the many others. Some of the notable developments in the competitive landscape of the multi-nutritional supplements market include:

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Ever-growing Demand for Nutrition Supplements among Elderly Consumers

The consumption of multi-nutritional supplements is expected to remain significantly high across the geriatric population. A 2017 survey including 3,500 American adults aged 60 and older was published in The Journal of Nutrition, and it found that almost three-fourth of the participants consumed a daily multi-nutritional supplement (either individual vitamin or mineral or a multivitamin supplement), more than half of the participants said that they take one or two supplements, and more than one-fourth of the participants take four or more supplements.

The Rise of Multi-nutritional Supplement Subscription Services Bring in New Trends

While the multi-nutritional supplements market is witnessing incremental growth worldwide, consumers’ need to maintain adherence to their nutritional program is triggering the rise of new market trends. A mounting number of leading players, as well as new entrants in the multi-nutritional supplements market, are introducing supplement subscription services integrated with advanced technologies to offer consumers more convenience at maintaining their daily nutritional intake.

Introducing subscription services that can offer more personalised recommendations about sustainable and high-quality multi-nutritional supplements is expected to emerge as a winning strategy for stakeholders in the coming future.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Cold-Pressed Oil Market Set to Reach US$ 38.4 Million by 2034, Driven by Growing Demand for Natural and Nutritious Oils

The global cold-pressed oil market is expected to reach a valuation of US$ 23,431.5 million in 2024. The market is further projected to develop at a CAGR of 5.10% from 2024 to 2034, totaling around US$ 38,426.4 million by the end of 2034.Due to a greater understanding of health and well-being, consumers’ eating habits and nutritional patterns have changed. The demand for cold-pressed oil is rising, as a result, it is anticipated to lead to an increase in sales of cold-pressed oil in the market throughout the forecasted period.

Furthermore, consumers are willing to pay a greater premium for nutritious components and products. The cold-pressed oil market size is being positively impacted by the healthy eating categories’ rapid expansion relative to the decadent ones.

The Cold-Pressed Oil market is experiencing remarkable growth as consumers increasingly prioritize natural and healthy oils in their diets. With the cold-pressing process retaining the nutritional integrity of oils, such as olive, coconut, and sunflower, their popularity is surging. Rising awareness of the benefits of cold-pressed oils fuels the market’s expansion in the food and cosmetic industries.

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Consumers are urging food companies to increase the transparency of their products, going past ingredients, free-from status, and nutritional levels. Due to this, the sales of cold-pressed oil are likely to rise by end-users.

Thus, with increasing demand for cold-pressed oil, several food product manufacturers are using ingredients to increase the overall quality and nutritional level of their final product which is anticipated to boost the cold-pressed oil market size.

In addition to this, demand for cold-pressed oil along with demand for functional food products is also significantly increasing around the globe. This growing demand is leveraging the growth of cold-pressed oil, fortified edible oil and seed oils over the forecast period.

Key Takeaways from Market Study

The cold-pressed oil market growth is expected to expand at a CAGR of 5.2% and 7.4% in Latin America and the Middle East & Africa, respectively through 2034.
Among the type segment, palm oil is dominating the cold-pressed oil market trends holding more than 18% share in 2022 and it is expected to grow with a CAGR of 2.8% over the forecast period.
Among the application segment, the food industry is dominating the cold-pressed oil market size holding more than 50% share in 2024 and it is expected to grow with significant CAGR of 3.6% over the forecast period.
The B2B is dominating the distribution channel segment holding around 70% share in 2024 and it is expected to grow with CAGR of 3.6% which is likely to rise the sales of cold-pressed oil during the forecast period.

Competitive Landscape

The key players involved in the cold–pressed oil market statistics to strengthen their research and development activities to increase the yield and improve extraction technology which is offering significant growth opportunities for the overall cold–pressed oil market trends.

In addition to this, understanding the growing demand for cold–pressed oil several key players in the oil market are entering the cold – pressed oil market by introducing their cold-pressed oil range of products.

For Instance

In September 2020, Dabur which is one of India’s prominent natural health care companies entered the edible oil segment by introducing their cold-pressed mustard oil.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global cold-pressed oils market key trends & opportunities, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on application (food industry, agriculture, cosmetics and personal care industry), type (cottonseed oil, rapeseed oil, palm oil, peanut oil, coconut oil, olive oil, palm kernel oil, soybean oil, sunflower seed oil) and sales channel (B2B, B2C (hypermarkets/supermarkets, convenience stores, speciality stores, retail store, online retail) across seven major regions of the world.

Cold-Pressed Oil Market by Category

By Application :

Food Industry
Cosmetics and Personal Care Industry
Agriculture

By Type :

Peanut Oil
Coconut Oil
Rapeseed Oil
Cottonseed Oil
Soybean Oil
Olive Oil
Palm Oil
Sunflower Seed Oil
Palm Kernel Oil

By Distribution Channel :

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Retail Stores
- Online Retail

By Region :

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Battery Energy Storage System Market Surges: Powering a Secure, Sustainable Future at US$ 52.9 Billion by 2033, CAGR 11.1%

The battery energy storage system (BESS) market is electrifying the energy landscape, projected to reach a staggering US$ 52.9 billion by 2033, with a robust CAGR of 11.1%. This surge in demand for reliable and sustainable energy storage solutions presents a golden opportunity for companies to become leaders in the clean energy revolution. But how can your brand stand out in this rapidly growing market?

Unleashing the Power of Battery Storage

Ensuring Business Continuity: Become a partner in resilience. Offer BESS solutions that mitigate the impact of power outages for commercial and industrial sectors, ensuring operational continuity and minimizing downtime.
Unlocking Solar Power Potential: Champion renewable energy integration. Develop BESS solutions that seamlessly integrate with solar power systems, maximizing energy capture, storage, and utilization.
Embrace Regional Growth Opportunities: Target emerging markets. Focus on the Asia Pacific region, particularly China, where government regulations and policies actively support BESS adoption.

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Data-Driven Decision Making: Provide market intelligence. Leverage market research and analysis to advise clients on regional trends, government regulations, and technology advancements within the BESS market.
Tailored Solutions for Diverse Users: Cater to a wide range of applications. Develop BESS solutions suitable for various applications, from commercial and industrial to utility-scale energy storage.

Understanding the Growth Drivers:

Power Outages: A Costly Disruption: Target the business continuity advocate. The increasing frequency and cost of power outages drive demand for BESS solutions, particularly in vulnerable commercial and industrial sectors.
The Rise of Renewable Energy: Embrace the clean energy transition. The surging growth of solar and other renewable energy sources necessitates efficient energy storage solutions like BESS to manage intermittent power generation.
Supportive Government Policies: Capitalize on regional opportunities. Focus on markets with favorable government regulations and policies that incentivize BESS adoption, such as the Asia Pacific region.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Battery Energy Storage System Market’. It has its team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.

“Growing demand for continuous and reliable power supply from the end-use sectors like marine, data centers, telecom, and medical is expected to take the battery energy storage system market by storm in the forecast period” says an analyst from Future Market Insights.

Key Takeaways from Battery Energy Storage System market

North America holds a sizable market share. This could be credited to massive energy planning being witnessed in the US. Explosion at Arizona Public Service facility has driven the imperativeness of standardized safety regulations for integrating and monitoring energy storage system. The NYFD (New York Fire Department) has come up with regulations to deploy stationary energy storage systems in NYC.
The Asia-Pacific is expected to grow at the quickest rate in the battery energy storage system market with Australia, South Korea, India, Japan, and China leading from the front in the wake of increase in demand for electricity.
Europe is expected to grow in battery energy storage system market on the back of governments and private organizations encouraging deployment of green energy solutions in diverse areas.

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Competitive Battery Energy Storage System

Samsung SDI Co., Ltd.’, in December 2021, did announce PRiMX – a novel battery brand that does offer superior quality as well as performance, which, in turn, translates into users’ convenience. The brand has also been registered as trademark all across the Europe (apart from South Korea) and would be visible in the US as well.
LG Energy Solutions Co., Ltd., in December 2021, did sign a MoU (Memorandum of Understanding) with Siemens AG with regards to manufacturing batteries; specially to address process digitization.
Span.IO, Inc., in June 2020, did renew its agreement with Panasonic for developing a domestic energy system. It is to be embedded into the latter’s EverVolt system; thereby making way for homeowners for a higher level of control over battery backup power via intuitive energy management.
TotalEnergies, in December 2021, finished with constructing battery-based energy storage facility at Dunkirk (France). It claims to have total storage capacity of 61 MWh. This project could be identified as the one chosen as part of a long-term plan doled out by French Electricity Transmission Network in February 2020.
ABB Power Grids, in April 2021, did announce entering into partnership with Atlas Renewable Energy for deploying and developing unity-scale BESS (Battery Energy Storage Systems) for the latter’s renewable energy projects. Hitachi ABB would be providing input regarding apt technical solutions along with interconnections.
TransnetBW GmbH and Fluence Energy GmbH, in October 2022, did announce that they would be deploying the world’s biggest battery-based energy storage-as-transmission project at Kupferzell (Germany). The completion of this 250 MW battery-based energy storage system is expected to happen in 2025.

What does the Report store?

The research study is based on storage system (front-of-the-meter and behind-the-meter), by element (battery and others), by battery type (lithium-ion batteries, advanced lead-acid batteries, flow batteries, and likewise), by connection type (on-grid and off-grid), by ownership (customer-owned, third-party owned, and utility-owned), by energy capacity (below 100 MWh, between 100 and 500 MWh, and above 500 MWh), and by application (residential, commercial, and utility).
The global battery energy storage system market is sustained by solar energy and the status quo is expected to remain the same even going forward.

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Key Segments

By Storage System:

Front-of-the-meter
Behind-the-meter

By Element:

Battery
Others

By Battery Type:

Lithium-ion Batteries
Advanced Lead-acid Batteries
Flow Batteries
Others

By Connection Type:

On-grid
Off-grid

By Ownership:

Customer-owned
Third-party Owned
Utility-owned

By Energy Capacity:

Below 100 MWh
Between 100 to 500 MWh
Above 500 MWh

By Application:

Residential
Commercial
Utility

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 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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E-commerce Boom Fuels Demand for Folding Gluing Machines Market, Projected to Reach at a US$ 984.7 Million by 2033

The global market for folding gluing machines is predicted to grow at a significant Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2033, rising from a valuation of US$ 634.1 million in 2023 to US$ 984.7 million by 2033.

The demand for folding gluing machines is driven by several factors, including the rising need for packaging materials in various sectors such as food and beverage, healthcare, and consumer products.

Sustainable packaging materials are also driving the demand for folding and gluing machines. Personalized packaging has also shown to be a beacon for future expansion as brands try to improve recall value.

The eCommerce industry is another factor driving the demand for folding and gluing machines.

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Automatic folding gluing machines are designed to process large amounts of materials quickly and efficiently. As a result, the folding gluing machines market segment is predicted to acquire 63.6% of the market share due to its efficiency, accuracy, and cost-effectiveness.

The semi-automatic segment is expected to cover 37.3% of the market share in 2023. These machines require some human intervention, such as manually feeding materials into the machine. They are also gaining popularity in the packaging business due to their low cost and flexibility. These machines can still cut labor costs and waste resources while producing a variety of high-quality packaging items.

The rotary cup-filling machine segment is expected to have a strong market share of 57.9%, driven by the growing demand for packaged food. Rotary cup-filling machines are used in the food and beverage sector to fill cups, containers, or trays with liquids like milk, juice, yogurt, or pudding. These machines are built to handle a large number of cups while filling them with accuracy and precision.

Europe is anticipated to command 24.2% of the global market share, with the UK leading the market due to its flourishing manufacturing industry and high demand for packaging materials.

The United States is North America’s profitable market, accounting for 17.2% of the folding gluing machines market in 2022. The market for folding gluing machines in the United States is growing substantially due to the high need for packaging solutions in various industries, including food and beverage, pharmaceuticals, and consumer goods.

India is one of the lucrative markets operating in the folding gluing machines market. The market is witnessing a growth of 6.5% due to high demand from the food manufacturing and industrial automation industries.

Competitive Landscape.

Manufacturers of folding gluing machines are focusing on production by utilizing cutting-edge technologies to advertise their machines across numerous regions. Leading folding gluing machine manufacturers are investing heavily in R&D to innovate existing product lines and acquire a competitive advantage.

While change-over time reduction is important, innovative technology integration is also a vital strategy for folding gluing machine manufacturers.

Roberts PolyPro Inc., a manufacturer of product packaging solutions in the United States, has developed a straight-line gluer and a super-gluer folding gluing machine. It has 80% less moving parts than standard folding gluing machines, which minimizes maintenance time.

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Latest Developments

In 2020, Jaymar Packaging purchased a Bobst Visionfold 110 A2 folder-gluer to increase the flexibility of its operations. Jaymar plans to use the machine for a variety of packaging applications, including sleeves, cartons, four-corner trays, and litho-laminated work.

Key Segments Covered in the Folding Gluing Machines Market Report

Folding Gluing Machines Market by Machine Type:

Automatic Folding Gluing Machines
Semi-Automatic Folding Gluing Machines

Folding Gluing Machines Market by Fold Type:

Straight Line Boxes
Pocket Fold Boxes
Crash Lock Boxes
Multi Corner Boxes

Folding Gluing Machines Market by End User:

Food
Beverages
Personal Care & Cosmetics
Electrical & Electronics
Automotive
Healthcare & Pharmaceuticals
Other Consumer Goods

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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

Pet Food Ingredients Market to Reach US$ 68.3 Billion by 2033, Demand for Non-Discretionary Products

According to Future Market Insights (FMI), the global pet food ingredients market is set to be valued at US$ 42.2 billion in 2023. It is anticipated to reach US$ 68.3 billion by 2033. The market is expected to escalate at a CAGR of 4.9% from 2023 to 2033.

A main factor driving the market for pet food ingredients is rising pet ownership across the globe. Demand for non-discretionary and discretionary products such as treats, toys, and other food items, is also significantly influenced by rising pet ownership.

Millennials, senior citizens, and households with only a single member are anticipated to exhibit high rates of pet ownership. Rising adoption of cats and dogs as pets across residential sector across the globe is a key driver for the pet food ingredients industry.

Surging demand for pet foods that are free of synthetic hormones, antibiotics, harmful pesticides, artificial colors, preservatives, or tastes is expected to be on the rise. Manufacturers are developing a variety of brands with a wide range of organic and natural products to profit from the current market trend. For instance, Kroger sells vegetarian and high-protein pet diets that are all-natural.

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The use of parabens is governed by the USA Food and Drug Administration (FDA). It is a preservative that is typically present in pet food ingredients, as well as pharmaceutical and cosmetic products. Reproductive, nervous, and developmental systems of animals may be harmed by endocrine-disrupting substances (EDCs) present in parabens.

Early research has revealed the presence of heavy metals and bisphenol A in pet food, as well as other endocrine-disrupting chemicals. Growing knowledge of the negative effects of preservatives may hinder sales of products that are used to make pet food ingredients. Commercial dog food sometimes contains preservatives such as butylated hydroxyanisole (BHT) and butylated hydroxytoluene (BHA). These are believed to contain chemicals that can lead to animal cancer.

Research and development initiatives focused on optometry are set to receive significant funding. Customers are looking for ingredients in pet food that would offer convenience and effectiveness.

As a result, issues such as the number of ingredients in pet food have little bearing on sophisticated product versions. For instance, modern innovation and technology have sparked the creation of appealing packaging, with quality being the top concern for comfort of consumers.

Key Takeaways from the Pet Food Ingredients Report:

The Europe pet food ingredients market is anticipated to escalate at 4.5% CAGR over the forecast period.
Leading companies in the global pet food ingredients market are likely to account for around 20% to 25% of the total market share.
The North America pet food ingredients market is estimated to surge at an 3.5% CAGR over the forecast period.
The USA pet food ingredients market is set to create an absolute dollar opportunity of US$ 18.7 billion in the next ten years.
India pet food ingredients market is expected to witness growth at a CAGR of 7.7% in the assessment period.

“Over time, dog adoption has considerably escalated, especially in industrialized and developing countries. Need for pet food is predicted to surge quickly, which would benefit the market for pet food ingredients. Another element driving the market is increasing demand for premium dog food, which is supported by high maintenance costs,” –Nandini Roy Choudhury, Client Partner at Future Market Insights

Competition Landscape: Pet Food Ingredients

The global market for pet food ingredients is extremely competitive due to the fact that big pet food manufacturers are continually broadening their product offerings. They are using a wide variety of organic and inorganic strategies, including alliances, mergers, new product launches, construction of novel manufacturing facilities, and bolstering of distribution networks, to enhance their global footprint.

Get More Valuable Insights into Pet Food Ingredients Market

In its latest offering, Future Market Insights offers a thorough study of the pet food ingredients market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.

The study provides compelling insights into the global pet food ingredients market ingredient type (starches, rice, dietary fiber, fruit ingredients, protein), animal type (dogs, cats, birds), nature (organic, conventional), product type (wet food, dry food, treats & chews), distribution channel (online, offline), and region.

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Pet Food Ingredients Market Outlook by Category

By Ingredient Type:

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

By Animal Type:

Dogs
Cats
Birds
Others

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)

By Distribution Channel:

Online
Offline

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Carmine Market Projected to Reach US$ 78.7 Million by 2033, Driven by Growing Demand in Pharmaceuticals and Food & Beverage Industries

Due to several variables, the demand for the carmine color is anticipated to expand significantly in future years with a CAGR of 8.0% between 2023 and 2033. The market is projected to have a market share of US$ 78.7 million by 2033 while it is likely to be valued at US$ 37 million in 2023

The expanding pharmaceutical industry along with the use of carmine in drug formation is an important element in the market growth. Furthermore, the growing application of natural colors and flavors in food and beverages is thriving the sales of carmine color.
Non-alcoholic and alcoholic beverages are in high demand with the rising per capita income. Thus, liquor manufacturers are also adding organic carmine color to their products.
Increasing space for experiments with food aesthetics and colors are pushing producers to add natural and organic colors and flavors to their food products. Moreover, the higher demand for packaged food and ready-to-eat items is flourishing the market growth.
Companies introducing 100% pure carmine color in different forms such as liquid and powder are also creating a bigger consumer space. The variable solubility options are expected to transform the market dynamics during the forecast period.

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Key Points

The United States market leads the carmine color market in terms of market share in North America. The United States region held a market share of 35.7% by 2022. The growth in this region is attributed to expanding food and beverages, and extended research and development.
Germany’s carmine color market is another significant market in the European region. The market held a market share of 5.1% in 2022. The growth is attributed to higher restored food spaces, expanding pharmaceutical industry, and higher demand for natural additives and colors.
The India carmine color market thrives at a CAGR of 10.8% during the forecast period. The growth is attributed to the higher ready-to-eat food consumption, and expanding pharmaceutical sector.
The conventional segment leads the nature-type segment as it held a market share of 90.8% in 2022. The growth is attributed to its affordable prices and effective coloring.
Based on the application type, the meat, poultry, fish, and eggs segment lead as it held a market share of 24.8% in 2022. The growth is attributed to the higher consumption and carmine color’s effective impact on meat.

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Competitive Landscape

The key vendors work on the quality, pricing, and effectiveness of the Carmine colors. Companies also collaborate to expand their natural color portfolio. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Development

Naturex S.A. has introduced the carmine color with a PH value lying between 3.0 – 8.0 along with the heat and light-friendly dynamics.
Döhler Group has shown its support for red food coloring through precision fermentation along with its active range of carmine color grades.

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Key Players

DDW The Color House
Archer Daniels Midland Company
McCormick & Company
Chr.Hansen A/S
Naturex S.A.
Riken Vitamin Co., Ltd.
Döhler Group
Kalsec Inc.
Sensient Colors LLC
BioconColors

Key Segments Covered

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

Key Regions Covered

North America
- UNITED STATES
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
Middle East and Africa(MEA)
- GCC Countries
- Israel
- South Africa
- Rest of Middle East Asia (MEA)

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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Food Acidulants Market to Reach US$ 4.5 Billion by 2033, Fueled by Growing Demand for Clean-label Products and Processed Foods

The food acidulants market is valued at US$ 2.6 billion in 2023 and is estimated to reach a value of US$ 4.5 billion by 2033, registering a CAGR of 5.4% during the forecast period.

The rising disposable income and growing demand for clean-label products and processed food are increasing the market share. Furthermore, the demand for food acidulants is fueled by the growing food industry, government initiative plans and emerging economies. In addition, the food and beverage manufacturers are fueling the market size by increasing the production of food acidulants during the forecast period.

One of the major factors helping to boost the food acidulants market size is the growing demand for healthy nutrition, citric beverage and preserved food among consumers. Moreover, the growing adoption of food acidulants by manufacturers is enhancing the taste of jellies, jams, cakes and pastries.

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The adoption of fumaric acid in various beverages, imparting an acidic flavor, is fueling the expansion of the global food acidulants market. The increasing consumer demand for beverages globally, along with manufacturers introducing innovative products, is driving market trends during the forecast period. Citric acid’s adoption in desserts, syrups, and exotic beverages is further enhancing market share, particularly with the rising popularity of ready-to-eat food.

Bakery and Confectionery Sector Highlights:

Robust Growth: The bakery and confectionery sector is witnessing a Compound Annual Growth Rate (CAGR) of 5.2% in the food acidulants market.
Child-Centric Demand: Increasing demand for cakes and pastries, especially among children, is a key driver for the bakery and confectionery segment.
Packaged Food Surge: The growing demand for packed food and the desire for extended food shelf life are contributing significantly to market expansion.

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Powder Category Dominance in Foam Segment:

Leading Category: The powder category leads the food acidulants market with a CAGR of 5.6%, driven by its better storage, ease of use, and transport.
Consumer Preference: Increasing consumer preferences for powder-form food acidulants are bolstering demand, especially in the foam segment.
Animal Nutrition Boost: Growing demand for nutritional diets for animals is increasing the adoption of powder foam, recording a CAGR of 4.3% in the historical period from 2017 to 2022.

Key Market Insights:

Market Valuation: The food acidulants market is projected to reach US$ 4.5 Billion by 2033.
Global Growth: Witnessing a CAGR of 5.4%, the global market is expected to see substantial growth during the forecast period.
Regional Dynamics:
- United States: Anticipated to grow at a CAGR of 3.8% through 2033.
- India: Significantly uplifting with a CAGR of 6.0% during the forecast period.
- United Kingdom: Expected to grow at a CAGR of 4.5% over the forecast period.

Who is winning?

The market is growing at a moderate pace due to the number of prominent leaders in the global market. The growing local and international companies are advancing the business with the global players. These players are strengthening their companies through unique and innovative product launches.

The growing technological advancement, research activities and adopting market strategies by prominent players are the major factors anticipated to fuel the market expansion during the forecast period.

In 2021, a US-based Company, KPS Capital Partners, acquired Tate & Lyle to expand their business in North America and Latin America.

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Food Acidulants Market by Category

By Type:

Acetic Acid
Fumaric Acid
Citric Acid
Phosphoric Acid
Lactic Acid
Malic Acid
Tartaric Acid

By Foam:

Liquid
Powder

By Function:

Flavor Enhancer
Microbial Control
pH Control
Preservative
Others

By Application:

Bakery and Confectionery
Beverages
Dairy Food
Animal Nutrition

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

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Gas Turbine Market Surges: Powering a Sustainable Future at US$ 61.1 Billion by 2033

The gas turbine market is powering forward, projected to reach US$ 61.1 billion by 2033, with a CAGR of 4.1%. This surge in demand for efficient and sustainable power generation solutions presents a golden opportunity for energy companies and technology providers to become leaders in the energy transition. But how can your brand navigate to success in this evolving market?

Driving Sustainable and Efficient Power Generation

Championing Technological Innovation: Lead the clean energy revolution. Develop and integrate advanced gas turbine technologies that prioritize efficiency, minimize emissions, and support the transition to a clean energy future.
Embrace Distributed Power Solutions: Cater to the evolving energy landscape. Offer innovative gas turbine solutions suitable for distributed power generation, promoting grid resiliency and meeting localized energy needs.

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Partnering for Sustainability: Align with government initiatives. Collaborate with policymakers to develop and implement supportive regulations that incentivize the adoption of clean and efficient gas turbine technologies.
Minimizing Waste and Loss: Optimize power generation. Develop gas turbine solutions that focus on reducing energy waste and loss within the power and utility sector, promoting operational efficiency and cost savings.

Understanding the Growth Drivers:

The Clean Energy Imperative: Target the sustainability-focused decision maker. The growing urgency to address climate change fuels demand for cleaner power generation technologies, making gas turbines a viable option.
Distributed Power Takes Center Stage: Embrace the decentralized future. The increasing focus on distributed power grids and microgrids creates a demand for smaller and more flexible gas turbines.
Government Support for Clean Energy: Partner with policymakers. Government initiatives promoting clean energy technologies create a favorable environment for the gas turbine market.

The global gas turbine market is positively influenced by the robust technological advancements occurring in the energy sector. This, in addition to an enhanced focus on distributed power generation technology, is aiding the market growth. Further, increasing government support for power generation technologies that help reduce GHG emissions, is fueling the market development.

Key Highlights of the Gas Turbine Industry:

The United States is projected to hold a huge chunk of the global gas turbine market share. The market is anticipated to account for a US$ 10.5 billion market valuation by 2033, expanding at a CAGR of 4.8% over the forecast period.
China is predicted to be a significant market for gas turbines in the Asia Pacific region. The market is estimated to hold US$ 4.7 billion by 2033, registering a CAGR of 4.3%from 2023 to 2033. The paradigm shift to gas-based power generation, from the previously used coal-based power generation, is propelling market growth.
The United Kingdom is assessed to atta in US$ 4.3 billion by 2033. The market is expected to expand at a CAGR of 4.8% in the coming years.
The combined cycle technology is predicted to expand at a CAGR of 4.2% over the forecast period, up from the CAGR of 3.4% witnessed in the historical period.

News Featuring Market Developments by Key Players of the Gas Turbine Market:

In March 2021, General Electric declared that it would provide the United Arab Emirates, with the first two HA gas turbines. These gas turbines are anticipated to be the most effective power plants in the utility sector of the Middle East region. General Electric has been estimated to supply a total of three 9HA.01 gas-fueled turbines.
In May 2021, MITSUBISHI HEAVY INDUSTRIES, LTD. revealed that it has launched a new turbine, which is working in a gas business in Dubai. This new gas turbine combined cycle unit focuses on the J-Series Air-cooled gas-based turbine that is capable of operating on a blend of 30% hydrogen and 70% natural gas.

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Market Segments

By Type:

Heavy-duty Gas Turbines
Industrial Gas Turbines
Aero Derivative Gas Turbines

By Capacity:

Less than 40 MW
40–120 MW
120–300 MW
Above 300 MW

By Application:

Power Generation
Aviation
Oil & Gas
Industrial

By Technology:

Open Cycle
Combined Cycle

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 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

Food Packaging Revolution: Driving Demand for Sealant Web Films Market, Projected to Reach at a US$ 561.3 Million by 2033

The global sealant web film market share is estimated to clock a revenue of US$ 390.3 million in 2023. Our packaging domain experts opine that sealant web film providers can expect an average CAGR of 3.7% through 2033, with a forecast valuation of US$ 561.3 million by 2033.

According to industry insights, sealant web film providers can anticipate reaching a valuation of US$ 561.3 million by 2033. This outlook emphasizes the sustained demand for sealant web films in the packaging sector, driven by factors such as product protection, enhanced shelf life, and advancements in film technologies, reinforcing their integral role in meeting evolving packaging requirements over the next decade.

Primarily, there is a growing demand for sealant web films in the realm of food packaging. Renowned for their durability and resistance to contamination and spoilage, these films emerge as a dependable choice for safeguarding food products. As consumers increasingly prioritize food safety and quality, sealant web films play a crucial role in preserving the integrity of packaged goods.

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Additionally, the rising popularity of the circular economy and organic recycling in food packaging is a significant driver. The concept of reducing waste and reusing materials aligns with sustainability efforts and environmental awareness. Sealant web films play a role in this by offering recyclable and sustainable packaging options, which are becoming increasingly favored in the United Kingdom. This shift towards eco-friendly and circular practices is propelling the adoption of sealant web films in the country, contributing to their market growth.

According to the European Bioplastics, organic recycling and circular economy in food packaging are the most sustainable packaging solution for the future. The food packaging industry is growing in Germany rapidly due to the rising demand for readymade and convenient food products. The sealant web films are very less susceptible to contamination, pilferage, and spoilage.

The growing consumer’s preference towards health and hygiene has generated substantial demand for sealant web films in the country. In Germany, sustainable film food packaging consists of aspects of renewable raw material, recyclability, material reduction, and circular economy plays an important role in processes.

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Competitive Landscape

Toray Industries Inc.,
Berry Global Inc.,
Plastic Suppliers Inc.,
Jindal Poly films Ltd.,
Polifilm GmbH,
Bemis Company Inc.,
DIC Corporation,
Dai Nippon Printing Co., Ltd.,
Dow DuPont Inc., and
Avery Dennison Corporation.

Sealant Web Film Market Competitive Landscape

The key manufacturers operating in the sealant web films market are trying to focus on innovative product launch, merger and acquisition, expansion due to the increasing demand from food and beverage sectors and are actively focusing on sustainability.

In July 2021, Plastic Suppliers, Inc. launches Earthfirst® Biopolymer Films compostable, differential sealing temperature overwrap films.
In April 2021, Berry Global Inc., announced an investment of more than $70 million to in consumer packaging films for e-commerce, food, and beverage applications to support continued growth.

Key Segmentations:

By sealant material

Polyethylene
- LDPE
- LLDPE
PLA
Polypropylene
EVOH
EVA

By thickness

Up to 15 Microns
16-35 Microns
36-50 Microns
More than 51 Microns

By application

Bags
Pouches
- Flat Pouches
- Standup Pouches

By end use

Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Electronics & Electricals
Textile
Homecare Products

The sealant web film market is estimated to have high growth in the upcoming years due to a high requirement for sealing and an increment in the transportation of variety of products. Key manufacturers in the sealant web films market are coming up with innovative packaging solutions using sealant web films. Variety in stand-up pouches and other consumer convenient bags are introduced for consumer preferences.

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 400 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