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The poultry farming equipment market is estimated to rise from US$ 3,518 million in 2023 to US$ 6,300 million by 2033. The demand for poultry farming equipment is expected to rise at a CAGR of 6.0% during the forecast period.

The sales of poultry farming equipment have also been boosted by increased government investments in animal production and technologies like electric brooders and automatic feeding systems to enhance productivity and decrease manual labor. Furthermore, the increasing adoption of cage-free poultry production systems is a significant factor driving the growth of the global poultry farming equipment industry. In developing countries like India, these issues are very common. Electronic climate controllers feed weighing systems, cooling system controllers, egg counters, etc., are some of the key trends in the global poultry farming equipment market.

The adoption of automatic processing poultry farming is a boon for the market for poultry farming equipment. Farms are using better machinery to ensure the production of chickens of the highest caliber. For poultry operations, quality has become crucial due to the increase in demand. The increased demand for processed food in big quantities is forcing producers of processed poultry to boost their manufacturing capacities and reduce their delivery times.

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As the number of small and medium-sized companies (SMEs) expands in emerging nations to support and promote local businesses, the demand for poultry farming equipment is anticipated to rise. These enterprises need pre-processed chicken products to satisfy client demands on time and to maintain strict food safety and hygiene requirements.

One of the main factors driving the growth of the global poultry farming equipment market revenue is the rising demand for poultry meat as well as the swift adoption of innovative poultry farming techniques. Additionally, the expanding usage of technologically improved poultry farming equipment and the greater emphasis on food safety, quality, and cleanliness in poultry farms have helped to enhance the market’s income.

Key Takeaways from the Poultry Farming Equipment Market:

• With a CAGR of 6.3% during the projected period, the automated category is expected to rule the poultry farming equipment market.
• The chicken category held the largest revenue share in the market in 2023, and it is expected to continue to dominate during the forecast period.
• The poultry farming equipment market in the United States is expected to exceed US$ 982.2 Mn by 2033, growing at a CAGR of 29.6% during the forecast period.
• The poultry farming equipment industry in the United Kingdom is expected to be valued at US$ 594 million by 2033, rising at a CAGR of 6.4% during the forecast period.
• Germany’s poultry farming equipment business is expected to be valued at US$ 520.8 million by 2033, rising at a 15.7% CAGR over the forecast period.
• The poultry farming equipment market in Japan is expected to reach US$ 270.6 million by 2033, growing at a steady CAGR of 4.8% during the forecast period.
• China holds a 9.7% market share in the poultry farming equipment market and is expected to develop at a CAGR of 4.8% over the projected period.
• Due to the large consumption of chicken meat in the region, it is predicted that China’s poultry farming equipment market would reach US$ 514.6 Mn by 2033.

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Who is Winning?

Major players operating in the poultry farming equipment market include LUBING Maschinenfabrik Ludwig Bening GmbH & Co. KG, Farming Equipment Market includes Big Dutchman International GmbH, Jamesway Incubator Company, Jansen Poultry Equipment, ME International Installation GMBH, Tecno Poultry Equipment Spa, Petersime NV, Valco Companies, Inc., OFFICINE FACCO & C. Spa, and Vencomatic Group.

Major manufacturers of poultry farming equipment, such as FACCO, Valco, Vencomatic, and Tecno, are focusing on expanding their geographic reach by opening new offices, forming alliances with regional rivals, or buying them outright. Additionally, companies are expanding the range of items they offer. Many players are using virtual reality programs, which allow the company to exhibit its systems and technologies.

• In March 2021, Vencomatic increased the selection of Prinzen products. To meet the increased need for automated egg-handling technology, the Prinzen Palletiser was developed. The Palletiser functions independently and may be connected to any suitable farm packer. It can move four stacks of trays at once and transport 110 cases, or 40,000 eggs, every hour on pallets.
• After selecting Trust System as its Saudi Arabian sales partner, Jamesway Incubator Company declared its entry into the Middle East in June 2020. Trust System was introduced to Jamesway’s sales network to promote and market the company’s line of incubators and accessories to potential and existing customers in the region.

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Key Segments Covered in the Report

By Product Type:

• Incubators & Brooder
• Hatchers
• Watering & Feeding System
• Vaccination System
• Egg Handling Equipment
• Egg Collecting Equipment
• Cage System
• Washers & Waste Removal Systems
• Ventilation
• Lighting
• House System
• Others

By Poultry:

• Chicken
• Duck
• Turkey
• Others

By Operation:

• Manual
• Semi-automatic
• Automatic

By Distribution Channel:

• Offline
• Online

By Region:

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

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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As per the analysis, the global enterprise data management market is anticipated to secure a market value of US$ 208.9 Billion while exhibiting a CAGR of 8.4% during the forecast period. The market is likely to garner US$ 93.5 Billion in 2022. The growth of the market can be attributed to the growing demand to manage the enormous amount of data being generated on a daily basis by enterprises. In addition, the growing need for on-time delivery and surging demand for data management among organizations are anticipated to strengthen the market in the forecast period.

In addition, growing inclination of organizations towards data integration is anticipated to fuel the demand for enterprise data management in the forecast period. Organizations are adopting various data integration tools that would enhance digital transformation. Furthermore, emergence of Industrial Internet of Things (IIoT) is likely to benefit the industry in the assessment period.

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According to Analytics Insight Report 2020, with the rising popularity of IIoT, the demand for data integration has increased considerably. On the contrary, increasing concerns about data security is likely to hamper the market growth in the forecast period. However, rising demand for risk management and software among organizations is expected to act as a significant counter to the impeding cause, and expand the market reach.

Key Takeaways from the Market Study

• The market in the U.S to hold a market value of US$ 72.8 Billion by 2032
• The industry in the U.S to record a CAGR of 8.1% in the forecast period
• By deployment type, the cloud segment to record a CAGR of 7.7% from 2022- to 2032
• Market in Japan to garner US$ 11.8 Billion by 2032
• South Korean market to expand at a CAGR of 6% in the assessment period
• U.K industry to flourish at a growth rate of 7.4% from 2022- to 2032

Competitive Analysis 

Key players in the global enterprise data management market include SAS Institute Inc., IBM Corporation, Oracle Corporation, Teradata Corporation, and SAP SE, among others. Recent developments in the industry are:

• In July 2021, Informatica, a data integrity software solution provider, launched Intelligent Data Management Cloud on Azure for APAC. The system is an end-to-end AI-powered cloud platform providing accessibility on Microsoft Azure for APAC and SE Asia.

• In December 2021, IQGeo, a renowned developer of geospatial productivity and collaboration software, launched Network Manager Electric and Network Manager Gas software solutions. The software aims to offer efficient workflow solutions to electric and gas network operators.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global enterprise data management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

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Key Segments Profiled in the Enterprise Data Management Industry Report

Enterprise Data Management Market by Component:

• Software
  • Data Security
  • Master Data Management
  • Data Integration
  • Data Migration
• Services
  • Managed Services
  • Professional Services

Enterprise Data Management Market by Deployment Mode:

• Cloud-based Enterprise Data Management
• On-Premises Enterprise Data Management

Enterprise Data Management Market by Organization Size:

• Enterprise Data Management for Small and Medium-Sized Enterprises
• Enterprise Data Management for Large Enterprises

Enterprise Data Management Market by Industrial Vertical:

• Enterprise Data Management for Healthcare and Life Sciences
• Enterprise Data Management for BFSI
• Enterprise Data Management for IT
• Enterprise Data Management for Retail and Consumer Goods
• Enterprise Data Management for Media and Entertainment
• Enterprise Data Management for Manufacturing
• Enterprise Data Management for Energy and Utilities
• Enterprise Data Management for Transportation and Logistics
• Enterprise Data Management for Government and Defense
• Enterprise Data Management for Other Industrial Verticals

Enterprise Data Management Market by Region:

• North America Enterprise Data Management Market
• Europe Enterprise Data Management Market
• Asia Pacific Enterprise Data Management Market
• Middle East and Africa Enterprise Data Management Market
• Latin America Enterprise Data Management Market

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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 a recent FMI report, the market for grape crushers is set to be valued at US$ 722.9 Mn in 2033 from US$ 456.7 Mn that is to be registered in 2023. Sales in the grape crusher market are anticipated to skyrocket by a CAGR of nearly 4.7% throughout the forecast period from 2023 to 2033.

High demand for natural and organic wines across the globe is projected to drive sales in the global market. As consumers are becoming increasingly aware of their health, they are willing to pay premium prices for wines that mainly contain organic ingredients.

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In the U.S., demand for rotary grape crushers is projected to skyrocket in the next ten years as these are extensively used by pubs and wineries. These help in preventing damages to the skin of grapes, as compared to an impact grape crusher.

Apart from that, manufacturers are likely to provide cost-effective products in Germany. It may negatively affect sales of consumers, as they will have to invest more for acquiring grape crushers than they would have if there was high competition.

Key Takeaways from the Grape Crusher Market Study:

• Demand for grape crushers in Australia is expected to grow at a CAGR of 6% in 2023.
• The India grape crusher market is likely to grow at a CAGR of 2% in the assessment period.
• The U.K. grape crusher market is projected to showcase a CAGR of 5% during the forecast period.
• The China grape crusher market is estimated to witness growth at a CAGR of 0% in the assessment period.
• The North America grape crusher market is likely to register an 38% CAGR between 2023 and 2033.

“Increasing demand for fortified wines with rapid product premiumization activities across the globe is likely to drive sales of grape crushers worldwide. Besides, trend for marijuana-infused wines in developed countries like the U.S. would enable key winemakers to acquire premium grape crushers,” says a lead analyst at Future Market Insights.

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Competition Landscape: Grape Crusher Market

Some of the leading companies in the grape crusher market are Enoveneta, VLS technology, Della toffols group, Mori Tem, Laizhou Xinlai Metal Manufacturing Factory, Wenling Merrill Machine Co., ltd., and Zhengzhou Pasen Machinery Co., Ltd. among others.

Leading wine processing equipment manufacturers are projected to expand their product portfolios by launching innovative machinery like grape crushers. A few of these companies are likely to collaborate with local wineries and pubs to provide them with unique grape crushers. Meanwhile, some of the other key companies are striving to broaden their manufacturing capacities to increase sales in the market.

Get More Valuable Insights into Grape Crusher Market

FMI, in its new offering, provides an unbiased analysis of the grape crusher market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for grape crushers based on material (wood, stainless steel), application (small industry, medium industry, large industry), distribution channel (multi-specialty suppliers, wholesalers, manufacturers, online), and region.

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Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Grape Crusher Market Outlook by Category

By Material:

• Wood
• Stainless Steel

By Application:

• Small Industry
• Medium Industry
• Large Industry

By Distribution Channel:

• Multi-Specialty Suppliers
• Wholesalers
• Manufacturers
• Online

By Region:

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

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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According to Future Market Insights’ most recent market estimate, the decaffeinated coffee market is worth US$ US$ 20.06 billion in 2023. A CAGR of 6.9% is anticipated in the market during the forecast period.

Millennials prefer decaffeinated, gently roasted, organic, and sustainably farmed coffee beans due to their busy schedules and the greater accessibility of unhealthy beverages in recent years. Numerous cafes, coffee shops, restaurants, and eateries have started to provide menu items made from the aforementioned varieties as a result of the increased popularity of decaffeinated coffee.

Moreover, rapid urbanization and work-centered lifestyles have increased people’s awareness of and dependence on giving their bodies the proper kind of sustenance that is free from any concentration of adulteration. As a result, it is anticipated that the decaffeinated coffee market share would rise.

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Additionally, coffee made in compliance with Fairtrade standards encourages commercial partnerships that are primarily focused on communication and openness in order to create more equity in international trade. These partnerships, which also support sustainable growth, enable better trade conditions for decaffeinated coffee producers.

Although organic decaffeinated coffee can be a bit more expensive than traditional decaffeinated coffee, many consumers are willing to pay more for the assurance that comes with knowing their coffee is organic.

The demand for decaffeinated coffee is expected to grow as more people learn about the benefits of organic coffee. With the absence of the traditional caffeine buzz, customers can now enjoy a cup of decaffeinated coffee. In order to promote decaffeinated coffee and educate consumers about its benefits, coffee companies have started to invest money in marketing campaigns.

Key Takeaways

• The decaffeinated coffee market is likely to have a CAGR of 6.9% during the forecast period.
• Historically, the decaffeinated coffee market had a CAGR of 6.3% between 2018-2022.
• The value of the decaffeinated coffee market is expected to be US$ 39.10 billion by 2033.
• Based on nature, organic segments hold 3.5% CAGR of the decaffeinated coffee market by 2033.
• Based on End Use, the retail segment is anticipated to experience the highest CAGR of 6.7%% over the projection period.
• With a CAGR of 3.1%% throughout the forecast period, US market participants are significantly boosting the demand for decaffeinated coffee.
• From 2023 to 2033, the decaffeinated coffee market in Japan is anticipated to expand at a CAGR of 3.3%.
• During the predicted period, the UK is forecast to expand at a CAGR of 5% in the decaffeinated coffee

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Competitive Landscape

Many manufacturers who were already producing conventional coffee have added decaffeinated variants to their product selection in order to take advantage of the expansion and keep their customers.

The established supply chain and brand recognition should also be advantageous to the leading decaffeinated coffee players.

• Starbucks has also released a number of decaffeinated coffee varieties, such as Starbucks Decaf Pike Place Roast and Starbucks Decaf House Blend.
  • The Starbucks Decaf Vanilla Iced Coffee is the result of a partnership between Starbucks and Dr. Pepper Snapple Group. Additionally, Starbucks recently unveiled the new Decaf Mocha Macchiato, a decaffeinated version of its popular Mocha Coconut Milk Macchiato.

• To produce decaffeinated coffee, Nestle has undertaken considerable research and development investments. The business has launched several decaffeinated coffee products under its Nescafe brand, including
  • Nescafe Decaf Espresso
  • Nescafe Decaf Latte
  • Nescafe Decaf Mocha.

Nescafe Gold Decaf, a decaffeinated variation of the company’s well-known Nescafe Gold coffee, was also made available.

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Key Segments

By Nature:

• Organic
• Conventional

By Type:

• Regular
• Medium Roasted
• Dark Roasted
• Others

By End Use:

• Retail/Household
• Foodservice

By Distribution Channel:

• Business to Business
• Business to Consumers

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• 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 reception of cannabis beverages is supposed to increment at a CAGR of 17.00% during the estimate time frame. The cannabis beverages market is expected to ascend from US$ 1,227.3 Mn in 2023 to US$ 5,899.5 Mn in 2033.

Because of overall population endeavours to sanction weed for both clinical and sporting purposes, the business’ advantage in CBD-based items has taken off. Cannabidiol (CBD)- injected beverages are turning out to be increasingly more popular among buyers in light of their non-psychoactive impacts.

Cannabis drink organizations have entered the market to satisfy the developing need for CBD items. Considering unlawful utilization, sporting cannabis use is infinitely better to therapeutic cannabis use.

Declining deals of liquor and soda pops mirror a change in client taste for refreshment use. Liquor organizations are pulling together on pot to get a bigger portion of the overall industry through Research and development spending and the presentation of new items.

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The prevailing rivals in the market utilize various techniques to set their situation as the business’ top organizations. Buying organizations is one such productive strategy for raising brand esteem among customers. Another key methodology is to intermittently present historic items after completely looking at an intensive examination of the market and its interest group.

Key Takeaways from Market Study

• Cannabis beverages with CBD as an ingredient saw the most substantial rise of 17.8% in 2021 due to CBD’s non-psychoactive qualities.
• A non-alcoholic segment captures around 50.1% of the market as non-alcoholic cannabis beverages such as teas, drops, and elixirs, among others, are more popular among customers looking for healthy drinks.
• The highest market revenue (USD 527.83) for cannabis beverages is obtained by North America, which also commands the top spot in the industry due to favorable governmental policies.
• A noticeable increase in cannabis tourism across the country is expected to boost demand for these products even more. The European market is anticipated to represent 41% of the worldwide platform in the next years. Cann, a cannabis-infused beverage company, sells 150,000 units and raises $5 Mn in funding due to its diversification in product offerings.

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Competitive Landscape

The dominant competitors in the market employ a variety of strategies to strengthen their position as the industry’s top businesses. One such effective strategy is the acquisition of businesses to increase brand value among consumers. Intermittently offering ground-breaking products after doing a thorough analysis of the market and its target audience is another crucial tactic.

For instance, Molecule Holdings Inc. launched Molecule Crafted, a line of specialty beverages with cannabis infusions, in Canada in April 2021. These cannabis beverages have little calories and come in a variety of exotic and potent flavours.

Some of the Key Players Operating in Cannabis Beverages Market Include:

• Canopy Growth Corporation (Canada)
• The Cronos Group (Canada)
• Tilray. (US)
• Hexo (Canada)
• CannTrust (Canada)
• Aurora Cannabis Inc. (Canada)
• GW Pharmaceuticals plc. (UK)
• VIVO Cannabis Inc. (Canada)
• Alkaline88, (US)
• NewAge Inc. (US)
• Cannara. (Canada)
• Dixie Brands (US)
• KANNAWAY LLC. (US)

Latest Developments in the Cannabis Beverages Market

In August 2021, Cann, a California-based producer of THC beverages, announced the release of Passion Peach Mate, a unique and exclusive caffeinated cannabis beverage. The producer created this line of products to give consumers who are looking for alternatives to alcoholic beverages all-natural caffeine with a trace amount of THC.

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Key Segments Covered in the Cannabis Beverages Market Report

By Type:

• Alcoholic
• Non-Alcoholic

By Component:

• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)

By Region:

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

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Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends

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About Food & Beverage Division at Future Market Insights

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

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 omega 3 market is valued at US$ 9.3 billion as on 2023, and is expected to hit a valuation of US$ 22.02 billion by 2033. The market is expected to grow at a CAGR of 9% during the forecast period.

The consumption of omega 3 has improved the condition of heart for a lot of patients who were having high levels of triglycerides and BP. This is expected to increase the demand for omega 3 during the forecast period.

Furthermore, the healthcare experts have also pointed out that the consumption of omega 3 rich food also avoids the formation of blood clot.

Moreover, even the dermatologists recommend the adoption of omega 3. It is because of the fact that these help in moisturizing the skin, and avoid the scenario of psoriasis. This might as well surge the sales of omega 3 during the forecast period.

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Apart from that, even the nutritionists have been laying a lot of emphasis to educate people regarding the benefits of omega 3. Therefore, they have recommended certain people to make it a part of their daily diet. This might have a positive influence on the omega 3 adoption trends.

One of the most important benefits of omega 3 is that it is known to hamper the growth of cancer cells. Thus, as a way of precaution, a number of people started consuming them.

Moreover, even the manufacturers who are operating in this niche are carrying out a lot of promotional activities to convey the USP of their products. All this would certainly surge the adoption of omega 3.

Thus, from the insights provided by FMI, it can be inferred that “a number of health benefits, coupled with the intense marketing activities carried out by manufacturers are expected to surge the omega 3 market share during the forecast period.”

Key Takeaways:

The omega 3 market is projected to grow at a CAGR of 9% during the period 2023-2033.

As on 2023, the market holds a valuation of US$ 9.3 billion.

By 2033, the market is expected to hit a valuation of US$ 22.02 billion.

On the basis of regional analysis, North America is expected to be the largest omega 3 market during the forecast period. The USA is currently the largest market in North America, and is driven by a large number of heart patients.

Asia Pacific is expected to be the fastest growing market. Japan is expected to be driven by a number of patients who suffer from ischemic heart disease. South Korea is expected to be driven because of a surging number of cases pertaining to stroke and Alzhmeir’s disease.

Europe is expected to be one of the most significant markets during the forecast. Rising cases of depression and anxiety is expected to drive the Europe market.

On the basis of type, the DHA segment is expected to have the highest market share.

On the basis of source, the marine category is expected to hold the largest omega 3 market share.

On the basis of end use, the nutraceutical and supplement sector is expected to have the largest market share.

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Competitive Landscape

The omega 3 market is currently witnessing a number of mergers within key players, and also with the players belonging to another niche. Apart from that, the focus is also on establishing strategic partnerships to broaden the scope of operation.

Some of the recent developments in the omega 3 market are:

In September 2022, Reckitt launched Ignite, which is the new offline innovation hub.

Key Companies Profiled are Adisseo, ADM, ALGISYS LLC, BASF SE, Biosearch Life, BTSA Biotechnologias Aplicadas S.L., Colpex International, Copeinca AS, Corpesca S.A., DSM, Epion Brands, Farbest Brands, FF Skagen A/S, FMC Corporation, Glanbia Plc, Golden Omega, Huatai Biopharm, Kinomega Biopharm Inc., Lonza Group, Marvesa Holding N.V., Nordic Naturals, NOW Foods, Omega Protein Corporation, Pesquera Diamante S.A., Pharma Marine AS, Pharma Nord B.V., Pharmavite LLC, Polaris, Prestige Consumer Healthcare Inc., Queenen Research Institute, Rabar Pty Ltd, Reckitt Benckiser Group PLC, Rimfrost AS., Sinomega Biotech Engineering Co. Ltd., SternVitamin GmbH & Co. KG, TripleNine Group A/S

Omega 3 Market Segmentation

By Type:

• Docosahexaenoic acid (DHA),
• Eicosapentaenoic acid (EPA),
• Alpha-linolenic acid (ALA),

By Source:

• Marine Source,
• Plant Source

By End-Use:

• Nutraceuticals & Supplements,
• Food & Beverages,
• Pharmaceuticals,
• Personal Care,
• Infant Formulas,
• Fish Feed,
• Others

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

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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

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Plot No: JLT-PH2-X2A

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The global canned foods market net worth is estimated to be around US$ 17 Bn in 2023 and is anticipated to register a CAGR of 4.2% from 2023 to 2033. The research report on the global canned foods market reveals that the valuation of the market would reach up to US$ 25.6 Bn by 2033.

During the course of the forecast years, advancement in the canned foods industry is anticipated to be fuelled by changes in lifestyles, improved distribution networks, and rising demand for ready-to-eat food items. The world’s expanding cross-cultural cuisine trend has had a favourable effect on the market expansion. Exotic dishes offered by local retailers and eateries, such as Sushi and other seafood products, have increased the demand for canned food in the last few years.

Due to the ease of cooking using canned food ingredients, which also last longer without being contaminated or spoiling, many restaurant and hotel businesses and restaurants use them extensively. Moreover, as N the fruits in cans are clean and yet maintain all of their nutritious value the demand for canned foods is projected to grow more in tandem with the growth of the hotel and hospitality industry.

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Key Takeaways from the Canned Foods Market Study

• Supermarkets or hypermarkets are the major distribution channels for all types of canned food items and contribute more than 40% of the revenue generated globally.
• In contrast, canned foods available over online retail channels are getting popular more rapidly and are penetrating new markets at a faster rate.
• Only in the United States, the market for canned foods is anticipated to reach US$ 16 Bn by 2025 while growing at a rate of 3.8% during the forecast years.
• China is predicted to be the fastest-growing nation in terms of production and consumption of canned food items and would register an impressive CAGR of 6% through 2033.

Competitive Landscape for the Canned Foods Market

Some of the major canned food market participants are Campbell Soup Company, Danish Crown AmbA, Del Monte Foods, Inc., JBS USA Holdings, Inc., Ayam Brand, Holyland Marketing Private Limited, The Kraft Heinz Company, Bolton Group S.r.l., Inc., Nestlé, Danish Crown Amba., Conagra Brands, Inc., Universal Canning Inc., StarKist Co., Bumble Bee Seafoods, Wild Planet Foods, Inc., Connors Bros Ltd., and LDH (La Doria) Ltd. Among others.

Renowned canned foods market key players are constantly implementing innovative tactics like launching new products and increasing their production capacity in order to better serve the market and retain their growing consumer base. In this way, it aids in boosting their market position and increasing their manufacturing capacity to penetrate new markets. Providing consumers with high-quality goods is another benefit.

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Recent Developments in the Canned Foods Industry

• The Campbell Soup Company introduced a new tinned container for its spicy chicken noodle soup with a new flavor in July 2021.
• A minimal supply version of popular canned tuna with wrapping inspired by the popular Japanese manga series Doraemon was introduced by Thai Union’s canned tuna-related brand SEALECT in March 2021.
• To diversify its business into canned snacks, the possession of the Del Monte processed fruit and vegetable packaging business in Canada of Conagra Brands was finalized in July 2018 by Bonduelle SA, which is a French company that offers different types of frozen, and fresh vegetables in cans.

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Key Segments

By Product:

• Canned fruits and Vegetables
• Canned Meat and Seafood
• Canned Ready Meals
• Others

By Type:

• Organic
• Conventional

By Distribution Channels:

• Supermarket or Hypermarket
• Convenience Stores
• E-commerce or Online Retail Channels
• Others

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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According to a recent FMI report, the global valencene market is expected to grow at a CAGR of 5.2%. The market value is anticipated to increase from US$ 5.5 Mn in 2023 to US$ 9.2 Mn by 2033.

Valencene is a natural compound found in Valencia oranges and is used as a flavoring agent in the food & beverage industry. Rising demand for natural food & beverage ingredients and growing awareness about various health benefits of valencene are the major factors driving sales in the global market.

However, the high cost of valencene and stringent regulations regarding its use are restraining growth in this market to some extent. Valencene is used in various applications such as beverages, desserts, savory dishes, and others.

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Moreover, valencene is considered to be the primary flavor compound in the popular citrus beverage named Orangina. It is also used as a flavoring agent in a wide variety of food and beverage products, including soft drinks, hard candies, ice creams, and chewing gums.

The valencene market is expected to grow significantly in the next ten years. The compound is already being used in a wide range of products, and its popularity is only expected to increase. There are numerous opportunities for key companies that produce valencene-based products, and the market is set to expand with the easy availability of such products.

On the other hand, there are several factors that may limit its use in food applications. One major issue is its low solubility in water. This means that it cannot be used as a direct flavoring agent in products such as soft drinks or juices.

Instead, it must be added to the product in the form of an oil or emulsion. This can increase the cost of production and may also affect the final flavor of the product. Another factor that can limit the use of valencene is its relatively high boiling point. This means that it can easily be lost during processing, thereby leading to a loss of flavor.

Key Takeaways from the Valencene Market Study:

The North America valencene market is expected to register a 38% CAGR between 2023 and 2033.

The market for valencene in China is projected to grow at a CAGR of 5.8% during the forecast period.

The demand for valencene is projected to grow at a CAGR of 6% in the U.K during the evaluation period.

The demand for valencene is projected to grow at a CAGR of 4.2% in India during the expected time frame.

The demand for valencene in Europe is expected to grow at 6.1% CAGR in 2023.

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Competition Landscape: Valencene Market

Key players in the valencene market are Citrus World, Florida Chemical Company, Procter & Gamble Chemicals, and Symrise AG, Isobionics, Evolva, Vishal Essential Oils and Chemicals, Cvista, and Panta Manufacturing Company among others.

North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America valencene market is expected to grow in the next ten years due to the presence of a favorable legal and regulatory environment.

The valencene market is highly competitive with various companies vying for a share of the pie. Leading players in the market consist of large multinational corporations with significant financial resources and marketing clout. They are all well-established companies with long-standing relationships with key customers in the food and beverage industry.

Competition in the valencene market is intense, with each company trying to gain an edge over its rivals. Price is a major factor in this market, as each company tries to offer its products at a competitive price. Marketing campaigns also play a significant role in this market, as they help to create high brand awareness and drive sales. Competition in the valencene market is expected to increase in the next ten years as more companies enter the market and try to gain a foothold.

Get Valuable Insights into Valencene Market

FMI, in its new offering, provides an unbiased analysis of the valencene market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for valencene market based on purity grade (1. 80%), by form (food & beverage, personal care & home care), and by region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

Valencene Market Outlook by Category

By Purity Grade:
80%

By Application:
Food & Beverage
Personal Care
Home Care

By Distribution Channel:
Online
Offline

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Frequently Asked Questions

• How big is the global market for valencene?
• At what rate is the market for valencene expected to rise in the next ten years?
• What is the outlook of North America in the market for valencene?
• Which are the key countries driving the demand for valencene?
• At what rate will the market for valencene grow in China?
• At what rate will the demand for valencene grow in the U.K.?
• At what rate will the demand for valencene grow in India?
• At what rate will the demand for valencene surge in Europe?
• At what rate will sales of valencene grow in Japan?

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 automotive garage equipment market growth is estimated to be valued at ~US$ 32.9 Billion by 2029, increasing at a CAGR of ~ 4.3% during the projected period of 2022 and 2029. This growth is significantly driven by stringent emission and other regulations of vehicle diagnostics equipment in the automotive industry.

Automotive garage equipment refers to the various tools and machines used in automotive repair and maintenance workshops. These include a wide range of equipment, from hand tools such as wrenches and sockets to large machines such as lifts, tire changers, and diagnostic tools.

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Garage equipment is essential for any automotive repair or maintenance workshop, as it allows technicians to perform repairs and maintenance tasks more efficiently and effectively. Some of the most common types of garage equipment include:

1. Lifts: Lifts are used to elevate vehicles off the ground, making it easier for technicians to work on the underside of the vehicle. There are several types of lifts, including two-post lifts, four-post lifts, scissor lifts, and alignment lifts.
2. Diagnostic tools: Diagnostic tools are used to identify problems with a vehicle’s engine and other systems. These tools include scan tools, oscilloscopes, and multimeters.

The report investigates the automotive garage equipment market and provides critical insights for the forecast period of 2022 – 2029. As per the key findings of the report, the global automotive garage equipment market is anticipated to experience substantial growth over the forecast period due to increase in the demand for replacement and maintenance of automotive components.

FMI’s study opines that growing popularity of independent garages among consumers is one of the key trends that is shaping the global automotive garage equipment market. However, the onset of innovative technologies and R&F activities is expected to enhance the functionalities and capabilities of modern automotive garage equipment.

High Demand for Garage Equipment from Independent Garages Propelling the Market Growth.

The global automotive garage equipment market has been segmented based on vehicle type, equipment type, garage type and regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Middle East & Africa, and Japan.

• Shifting consumer preference towards independent garages in comparison to franchise garage is one the major factors driving the growth of garage equipment’s in the market. Independent garages offer similar services and capabilities as franchise garages along with economical price bands as OEMs. According to primary surveys about ~80% of the consumers in Asia prefer independent garages over OEM dealerships due to the maneuverability, ease, and flexibility offered by them at a reduced cost and time. As a result, the growing demand for independent repair shops is in turn expected to drive the need for garage equipment
• Majority of OEMs are planning strategic initiatives to expand dealerships and after sales service capabilities in rural areas. The strategy lies in establishing repair & maintenance dealerships and for franchised garage operators to expand their service presence and portfolio. Vehicle manufacturers have now shifted their focus towards the rural market as it seems to be significantly more opportunistic. This in turn, will drive automotive garage equipment during the forecast period.
• Light vehicles garages are projected to emerge as the major contributor to the demand for garage equipment, reason being demand for new and advanced garage equipment products. This will in turn create significant demand for advanced garage equipment, such as vehicle diagnostics & testing equipment, wheel & tire alignment equipment, etc.

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Significant Growth Opportunities in the APEJ Automotive Garage Equipment Market

Asia Pacific Excluding Japan is projected to show heavy upsurge in the automotive garage equipment market owing to increasing penetration of new franchises and up gradation in independent repair shops and garages particularly in India and china. The region accounts for largest two wheeler fleet and higher density of light and heavy vehicles. China is projected to witness heavy growth owing to increase in number of light and two wheelers and India is projected to hold significant share in the automotive garage equipment market owing to growth in independent garages and repair shops. Propensity of these countries towards technological advancements in the garage equipment’s is creating an opportunity for the market during the forecast period.

Automotive Garage Equipment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive garage equipment market. Few examples of key players in the market are:

Symach Srl, Nussbaum Automotive Solutions, SAMVIT GARAGE EQUIPMENTS, MAHA Maschinenbau Haldenwang Gmbh & Co. KG, Snap-on Incorporated, Robert Bosch GmbH, Continental AG, and Forward Lift Company (Dover Corporation), and Standard Tools and Equipment Co., among others.

The global automotive garage equipment market is significantly dominated by some players holding prominent shares of the market. Tier-1 players are focused on mergers, acquisitions and joint ventures with local market players and launch of technically advanced garage equipment’s in order to achieve the ongoing trend thereby gaining a competitive edge over its peers.

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Key Segment

Vehicle

• 2 Wheelers
• Light Vehicles
• Heavy Vehicles

Equipment

• Lifting Equipment
• Body Shop Equipment
• Wheel & Tire Alignment
• Vehicle Diagnostics & Testing
• Washing Equipment
• Other Tools

Garage

• OEM
• Franchisee Garages
• Independent Garages

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
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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