Lactose Free Dairy Products Market Size Rise at 5.60% CAGR by 2034, Value to Cross US$ 23,983.50 million | Future Market Insights, Inc.

Lactose-Free Dairy Products Market
Lactose-Free Dairy Products Market

The global lactose free dairy product market value is expected to rise from US$ 13,874.30 million in 2024 to US$ 23,983.50 million by 2034. This market is analyzed to expand at a CAGR of 5.60% over the next decade.

Global demand for lactose free dairy products is picking up as consumers seek alternatives that better align with their nutritional requirements. The market is largely driven by an increasing lactose-intolerant population. Significant potential in this market is compelling players to innovate new lactose-free dairy products, adopt sustainable packaging solutions, and refine their manufacturing processes.

Health-conscious consumers are increasingly turning to lactose-free dairy products as they contain minerals and vitamins like vitamin D and calcium that are critical for bone health. Additionally, lactose-free alternatives are typically lower in saturated fats and calories, which is raising its appeal among people who intend to control their weight.

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“Key players are expected to focus on the accessibility of lactose free dairy products by partnering with local distributors and retailers. Additionally, leading firms are employing targeted marketing efforts to establish themselves in new territories,” says an analyst of Future Market Insights.

Key Takeaways from the Lactose Free Dairy Product Market Report

  • The lactose free dairy product industry expanded at a steady rate of 5.23% CAGR from 2019 to 2024. At the beginning of the historical period, the market was worth US$ 11,235.40 million. Fast forward to the present year, i.e., the market holds the potential to go beyond the US$ 13,874.30 million valuation.
  • Main earnings generated in the lactose free dairy product industry are from the milk segment, which is expected to hold a sizeable 34.2% share in 2024.
  • Liquid lactose free dairy products are predominantly consumed by customers. Latest FMI estimates display that the liquid form is forecast to achieve 45.3% in 2024.
  • In developed countries like Germany and the United States, the consumption of lactose free dairy products is predicted to rise at CAGRs of 6.6% and 5.2%, respectively, in the assessment period.
  • In developing countries, like India and China are the promising markets for lactose free dairy products. India is predicted to surge at an 8.4% CAGR, while China is forecast to record 7.1% CAGR.

Competitive Landscape

Key players are driven to experience growth by collaborating with leading companies that also share the goal of a greener tomorrow. In this regard, many firms are turning to precision fermentation to not compromise product quality and continue developing products as per evolving customer demands for the planet’s future. Precision fermentation reduces GHG emissions, blue water usage, and non-renewable energy use as opposed to conventional production methods.

Industry participants are strategizing for a widened scope by venturing into new territories. This includes careful planning and implementation of product release in additional cities outside the initial launch location. This way brands can seize a bigger market share and connect with a large audience base. To extend the product’s offering to different cities, key players are using targeted marketing efforts to ascertain an impactful and successful entry into each new territory.

Latest Product Releases

  • In February 2024, Perfect Day, which is a leading innovator and supplier of precision fermentation, partnered with Unilever’s Breyers to release Breyers lactose-free chocolate formed with Perfect Day’s dairy protein from fermentation. This product offers customers the same indulgent experience they have loved for decades sans lactose and a diminished environmental footprint.
  • In August 2023, Skyrrup introduced lactose-free Greek Yogurt for yogurt lovers. This yogurt is made from A2 cow milk and contains 7.5 grams of protein content, which not only offers the necessary nourishment but also tantalizes the senses. The firm deftly blends protein power with incredible benefits, thus offering a convenient and delightful way to focus on health.

Leading Companies Profiled in Lactose Free Dairy Products Market are:

  • Green Valley Creamery
  • McNeil Nutritionals
  • Valio International
  • Alpro
  • Arla Foods Amba
  • Cabot Creamery Corporation
  • Saputo Dairy rProducts
  • The Danone Company
  • Smith Dairy Products
  • Hiland Dairy Foods

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Lactose Free Dairy Products Market by Category

By Product Type:

  • Milk
  • Condensed Milk
  • Milk Powder
  • Yogurt
  • Ice cream
  • Cheese
  • Other Products

By Form:

  • Liquid
  • Semi-solid
  • Powder

By Nature:

  • Organic
  • Conventional

By Sales Channel:

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

By Region:

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

 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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Spirulina Powder Market Set to Grow: Projected Expansion at a 5.9% CAGR by 2034| Future Market Insights, Inc.

Spirulina Powder Market
Spirulina Powder Market

The global spirulina powder market size is projected to rise from US$ 461 million in 2024 to US$ 702 million by 2034. By 2034, spirulina powder sales are projected to soar at 5.9% CAGR.

Spirulina powder is extracted from spirulina, a blue-green algae that is found to be grown on freshwater bodies, making it one of the most preferred choices for vegetarian fitness enthusiasts all over the world. The superfood status coupled with its rich anti-inflammatory properties has garnered a lot of attention in the world of the vegan fitness industry.

With the influx of nutraceutical manufacturers, the spirulina powder market is likely to expand in recent years. Spirulina powder can solve the problems of malnutrition, food shortages, and other relevant problems leading to food crises in underdeveloped countries. Due to these capabilities, many government bodies are promoting spirulina powder in their programs.

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Spirulina powder, which has many medicinal properties as well, is mainly consumed by individuals who are on a weight-loss diet. The protein content along with other minerals and vitamins make spirulina powder a great substitute for chemical steroids and supplements. Spirulina powder can be easily obtained from leading health food stores, e-Commerce businesses, and specialty supplement shops.

Conventional spirulina powder is obtained from the artificial cultivation of spirulina in microclimatic conditions. This type of spirulina powder is relatively cheaper, easily available, and more edible as compared to its organic counterpart. Conventional-type powder dominates the global market with a share of 59.1%.

“There is little to no awareness about the health benefits of spirulina powder. Well-established sports nutrition brands can benefit a lot if they collaborate with world-renowned athletes and fitness figures for the endorsement of spirulina powder”, opines Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Spirulina Powder Market Report

  • Owing to its emerging vegan trend, the United States showcased a 26.8% share of the spirulina powder market.
  • China has a 9.7% share of the global spirulina market due to its association with the use of spirulina since ancient times.
  • Based on application type, dietary supplements and pharmaceuticals dominate the spirulina powder market with a 72.9% global revenue share.
  • Emerging brands have come up with many innovative food items that have spirulina powder as their main ingredient, like smoothies, ready-to-serve beverages, and everyday snacks.

Recent Developments in the Spirulina Market

  • To provide its patients with essential nutrients and vitamins, Mumbai’s Group of Tuberculosis Hospitals recently cultivated spirulina on its premises.
  • The National Aeronautics and Space Administration (NASA) is all set to incorporate spirulina powder into the diets of its astronauts.
  • GNT Group came up with Exberry Shade Bright Green, a spirulina-infused, green powder that has applications in bakery mixes and seasoning products.

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Key Market Players

  • Clos Sainte Aurore
  • Spirulina Viva
  • SPIFORM
  • Spirulina La Capitelle
  • Aurospirul
  • Far East Microalgae Industries Co., Ltd
  • Fuqing King Dnarmsa Spirulina Co. Ltd.
  • DIC Corporation
  • Cyanotech Corporation
  • C.B.N. Bio-engineering Co., Ltd
  • Yunnan Green A Biological Project Co., Ltd
  • Jiangshan Comp Spirulina Co. Ltd
  • Inner Mongolia Rejuve Biotech Co., Ltd.
  • Zhejiang Binmei Biotechnology Co., Ltd.
  • Bluetec Naturals Co., Ltd.
  • Taiwan Chlorella Manufacturing Company
  • Roquette Klötze GmbH & Co. KG

Market Segmentation

By Nature:

  • Organic
  • Conventional

By Application:

  • Food & Beverage
  • Dietary Supplements and Pharmaceuticals
  • Animal & Aquaculture Feed Cosmetics and Personal Care
  • Others

By Sales:

  • Channel
  • Direct Sales
  • Retail Sales
  • Modern Trade
  • Specialty Stores
  • Pharma & Drug Stores
  • Online Retail
  • Other Retailing Formats

By Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • 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.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fortified Foods Market to Attain a Valuation of US$ 257,715 Million by 2033 | Future Market Insights Inc.

Fortified Foods Market
Fortified Foods Market

The global fortified food market is projected to reach a value of US$ 257,715 million by 2033, growing at a positive CAGR of 6.2% for the forecast period. Consumers in industrialized economies are increasingly aware of the health benefits of fortified foods, which is a driving force behind the market for these products.

A significant amount of progress has been achieved in the area of food fortification across Africa. In order to prevent and control micronutrient deficiencies, more countries are supporting staple food fortification, in addition to capacity building and system strengthening.

A fortified food or condiment is that which contains one or more micronutrients intentionally added to improve health and nutritional quality, while posing minimal health risks. The addition of micronutrients can increase the nutritional value of staple foods as well as help restore micronutrients lost during processing.

The World Health Organization (WHO) and the Food and Agriculture Organization (FAO) define food fortification as the deliberate addition of necessary micronutrients and vitamins to food to make it more nutritious. Business owners, however, have the opportunity to tap into the growing economies of Asia and the Pacific. North America and other developed regions are also predicted to continue to drive demand for these products.

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With the prevalence of chronic diseases and nutrient deficiencies, consumers are increasingly seeking foods that contain essential nutrients and support specific health goals. As fortified foods are highly convenient, marketable, and strategically positioned, modern trade outlets are valuable drivers of growth.

A variety of fortified foods are being developed by manufacturers that meet the various preferences and dietary restrictions of consumers, such as vegan, gluten-free, and dairy-free diets. Fortified foods are increasingly containing functional ingredients such as probiotics, prebiotics, antioxidants, and botanical extracts to make them more nutritious, functional, and tasty. A number of health benefits have been linked to these ingredients, including improving gut health, boosting immunity, and preventing disease.

With the continual advancements in drying technology, including freeze-drying, spray drying, and vacuum drying, it is anticipated that these advances will lead to improving efficiency, cost-effectiveness, and better retention of the nutrient content of the crops. There is a possibility that consumers will find it more appealing to consume fortified foods produced through these methods.

Key Takeaways from the Market Study

  • The fortified foods market is estimated to reach US$ 207,352.6 million by 2032.
  • A CAGR of 2.5% was recorded between 2018 and 2022 for fortified foods.
  • Japanese sales accounted for 5% of the global market in 2022.
  • According to analysts, the market for fortified foods in the United Kingdom grew by 2.5% in 2022.
  • The micronutrient market for vitamin D is forecast to dominate during the forecast period.
  • Yogurt with added vitamins is expected to gain popularity in the coming years.

“Innovation and the development of new products will fuel fortified food market growth. A rising number of government initiatives and research and development activities are expected to drive growth in the market,” says an FMI analyst.

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Competitive Landscape

More companies are collaborating and establishing strategic partnerships in the fortified foods industry.

Fortified food companies conduct research and development, innovate, develop products, expand geographically, and establish strategic partnerships.

  • In July 2023, Big G breakfast cereals will contain double the amount of vitamin D as they currently do, providing 20% of the daily dose of vitamin D. The first cereals to include the vitamin boost are Cinnamon Toast Crunch and Cheerios; later this summer, Cocoa Puffs, Lucky Charms, Trix, and Cookie Crisp will follow. By the end of this year, the company plans to offer a full line of vitamin D-fortified cereals nationwide.
  • In August 2023, the Directorate of Food and Civil Supplies will collaborate with PATH, its technical partner, to raise awareness about plastic rice circulating on social media.

Know More about What the Fortified Foods Market Report Covers

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

To understand opportunities in the fortified foods market, the market is segmented based on raw material, micronutrients, application, technology, and sales channel industry type across six major regions.

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Fortified Foods Market by Category

By Raw Material:

  • Flours
    • Rice Flour
    • Wheat Flour
    • Corn Flour
  • Rice
  • Salt
  • Milk
  • Oil
  • Sugar

By Micronutrients:

  • Vitamins
    • Vitamin A
    • Vitamin B
    • Vitamin C
    • Vitamin D
    • Other Vitamins
  • Minerals
    • Calcium
    • Iron
    • Zinc
    • Iodine
    • Other Minerals
  • Ther Fortifying Nutrients

By Application:

  • Basic Food
    • Cheese
    • Butter
    • Yoghurt
    • Others
  • Processed Food
    • Extruded Products
    • Powdered Products
  • Value added Food
  • Condiments
  • Juice

By Technology:

  • Drying
    • Oven Drying
    • Drum Drying
    • Spray Drying
  • Extrusion
  • Coating & Encapsulation
  • Others

By Sales Channel:

  • Modern Trade
  • Online Sales
  • Neighborhood Stores
  • Other Retail Format

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Encapsulated Flavours Market is likely to Reach a Valuation of US$ 5 Billion by 2032| Future Market Insights Inc.

Encapsulated Flavours Market
Encapsulated Flavours Market

The global encapsulated flavours market is set to witness growth at a CAGR of 5.4% and is anticipated to reach a valuation of around US$ 5 Billion by 2032.

Despite the rising desire for natural, wholesome products, the food industry still faces several challenges due to the poor quality of these ingredients. Businesses are focusing on putting a variety of safeguards in place to preserve the original flavour of their products in order to prevent such issues. Customers today enjoy flavouring a variety of food items, including cookies, ice cream, and biscuits, so it makes sense that demand for encapsulated tastes would increase. Furthermore, market expansion is likely to be driven by growing time restrictions and health consciousness. These factors will increase customer demand for quick and practical meals.

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Furthermore, customers have begun to favor fizzy and flavored drinks, which is projected to result in an increase in revenue growth for various encapsulate flavors across geographies. Consumers have opted to swap to drinks with natural flavorings due to the recognized negative health impacts of artificial flavoring. As a result, health-conscious consumers are opting for plant-based beverages over other drinks. This is a crucial aspect that is expected to propel the industry forward.

Key Takeaways from Market Study

  • The encapsulated flavours industry is segmented based on product type, wherein flavor blends is anticipated to account for a sizeable portion of the market share over the forecast period.
  • The North American encapsulated flavours industry is expected to witness a lucrative growth rate of 5.9% during the forecast period.
  • North America is inferred to account for a major chunk of the global encapsulated flavours consumption  through 2032
  • Encapsulated flavours application in bakery and confectionary is expected to hold a market share of over 25% in the forecast period

“Demand for different mixtures of flavors is expected to benefit the growth of the encapsulated flavors market,” says a Future Market Insights analyst.

Competitive Landscape

The global encapsulated flavor market is primarily characterized by the presence of a large number of local and multinational companies operating in the global market, with multinationals accounting for approximately 70% of the market share, allowing them to act as price regulators in the industry. Moreover, key market players are investing heavily in R&D to develop innovative goods and are expanding their efforts to develop high-quality, cost-effective products that can be used in a variety of applications:

  • Frutarom Switzerland Ltd, for example, employs cutting-edge technology such as Durarome, which protects flavors from oxidation while still preserving their freshness
  • PLT Health Solutions, Inc. introduced a broad-spectrum anti-microbial activity, a new flavor encapsulating technology that helps extend shelf life and enhance flavor in a variety of food and beverage items

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Explore More Valuable Insights

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

Encapsulated Flavours Market by Category

By Product Type, Encapsulated Flavours Market is Segmented as:

  • Flavor Blends
  • Essential Oils
  • Natural Extracts
  • Other Product Types

By Encapsulation Process, Encapsulated Flavours Market is Segmented as:

  • Spray Drying
  • Spray Congealing/Chilling
  • Fluid Bed Coating
  • Glass Encapsulation
  • Other Processes

By Flavor Type, Encapsulated Flavours Market is Segmented as:

  • Fruit Flavors
  • Nut Flavors
  • Chocolate Flavor
  • Spice Flavors
  • Vanilla Flavor
  • Citric Flavor
  • Berry Flavor
  • Other Flavors

By Applications, Encapsulated Flavours Market is Segmented as:

  • Bakery and Confectionary
  • Cereal and Oatmeal
  • Snack Food
  • Frozen Food
  • Dairy Products
  • Beverages and Instant Drinks
  • Pharmaceutical and Personal Care
  • Other Applications

By Region, Encapsulated Flavours Market is Segmented as:

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

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The report covers an exhaustive analysis on:

  • How big is the encapsulated flavours industry?
  • What is the anticipated market value of the encapsulated flavours market by 2032 end?
  • What is the encapsulated flavours market outlook?
  • Which region is expected to drive the demand for encapsulated flavours industry?
  • Who are the key players operating in the market?

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Food Certification Market Strategic Growth & Forecast Analysis – 2024-2034

Food Certification Market
Food Certification Market

The food certification market is expected to grow from US$ 11,053.9 million in 2024 to US$ 28,405.7 million by 2034. Over the forecast period, food certification demand will likely rise at 10.4% CAGR.

In an era where consumers prioritize safety, quality, and sustainability, food certifications stand as a beacon of assurance. The demand for certified products, ranging from organic and non-GMO to fair trade, gluten-free, and animal welfare, is witnessing a significant upswing.

Certification bodies are adapting to this surge by tailoring programs to meet diverse consumer needs, while stringent regulations are being implemented globally to uphold food safety standards. The market is experiencing robust growth as countries worldwide embrace certification programs, leveraging technological advancements like blockchain to enhance transparency in the food supply chain.

As processed and convenient foods gain prominence and e-commerce becomes integral to our lives, the importance of food certification is further underscored. The rise of online food delivery platforms emphasizes the need for certified products that consumers can trust.

The demand for halal and ‘free-from’ certified food is a notable driver, prompting companies to adopt rigorous certification methods. This not only aligns with consumer preferences but also establishes and maintains trust in the food industry.

The market’s trajectory points towards continued growth, fueled by the global expansion of the food sector and a rising demand for halal products, particularly in Middle Eastern countries.

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Key Takeaways:

In 2024, the United States held a prominent share of 8.6% in the food certification market. The country faces challenges related to foodborne illnesses, with 48 million cases recorded annually and nearly 128,000 hospitalizations. Increased adoption of processed meat products has led to fraud cases.

Japan is expected to have a growth opportunity in the food certification market, holding over 4.1% of the global market share. The increasing demand for organic food has led to the initiation of certification programs by governing bodies. The growing awareness of clean-label ingredient food and strict regulations imposed by food regulatory bodies contribute to the market’s growth in Japan.

In India, the food certification market is driven by the clean-label food movement, increasing health awareness, and the rise in demand for kosher and halal food certification. The prevalence of foodborne diseases in the country has created a need for food certification, with India having a high number of reported cases.

China’s food certification market is anticipated to expand by 11.2% in the next decade. The expansion of food infrastructure and the rising demand for processed meat contributes to the increasing need for food certification. The country has experienced outbreaks of foodborne diseases, leading to strict norms and regulations imposed by regulatory bodies.

Free from certifications, ISO 22000 is expected to gain traction in the food certification market, holding 11.2% of the market value share. The increasing demand for organic and natural products, along with government initiatives and clean-label food awareness, drives the need for certification.

Among the primary applications in the food certification market, bakery and confectionery products hold a significant share of 12.8%. Certification programs ensure the quality, safety, and integrity of these products, assuring consumers.

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Competitive Landscape

Bureau Veritas, Eurofins Scientific, Intertek Group PLC, SGS Group, and NSF International are some of the prominent competitors in this sector. Mergers and acquisitions are also allowing these big businesses to maintain their dominance over other regional competitors in the market. For example,

  • In September 2021, Bureau Veritas purchased AET France, a testing company established in France that provides product development and other testing services to consumers.
  • Intertek Group PLC is going to launch a new vegan food certification mark in September 2022 to assure complete trust in product claims. The Intertek Vegan Certification is meant to examine the suitability of food products for vegan and plant-based customers.

Food Certification Market by Category

By Type:

  • BRC Food
  • IFS Food
  • ISO 22000
  • FSSC 22000
  • HACCP
  • Global GAP
  • Organic
  • Kosher
  • Halal
  • Others

By Application Type:

  • Bakery & Confectionery
  • Dairy Products
  • Processed & Packaged Food
  • Infant Food
  • Alcoholic & Non-alcoholic Beverages
  • Functional Food
  • Meat & Poultry Products
  • Seafood

By Region:

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

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Egg Replacement Ingredients Market Strategic Growth & Forecast Analysis – 2024-2034

Egg Replacement Ingredients Market
Egg Replacement Ingredients Market

Future Opportunities, Revenue Growth, Pricing And Profitability The global egg replacement ingredient market size is projected to increase from US$ 1,399.2 million in 2024 to US$ 2,478.2 million by 2034. Global sales of egg replacement ingredients are anticipated to expand with a CAGR of 5.9% over the assessment period.

  • The growing vegan population and the rising animal-loving population are garnering market growth. People getting more aware of animal commercialization and the disadvantages of the livestock industry is choosing to go with plant-based alternatives.
  • New food businesses delivering similar taste and texture of meat have now introduced eggs with plant-based yolk, helping the end-users with low-fat cooking arrangements. The faux eggs are another concept that helps the market expand its roots.
  • The egg replacement ingredients include nutritional and ethical benefits such as no cholesterol and higher heart benefits. Additionally, people allergic to eggs and any dish made from eggs are also a big consumer force in the market.
  • The lower fat in a vegan egg also serves lower calories and protein, but the lower protein levels are comparatively limited. Hence, it becomes a better alternative to chicken eggs. Lastly, the strong force of authorities not supporting the mass breeding and fertility-supporting medications due to their adverse effects on animal and human health as well.

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Key Points

  1. The United States is expected to remain the leading consumer of egg replacement ingredients during the forecast period. As per the latest analysis, the United States egg replacement ingredient market size is expected to reach US$ 732.3 million in 2034.
  2. Germany and the United Kingdom are set to record high CAGRs of 7.7% and 7.1%, respectively, through 2034.
  3. Global sales of egg replacement ingredients recorded a compound annual growth rate (CAGR) of 6.1% from 2019 to 2023. Over the next ten years, the global market for egg replacement ingredients is expected to surge at a CAGR of 5.9%.
  4. Based on ingredient type, the milk protein formulation segment is projected to hold a dominant market share in 2034.
  5. Egg replacement ingredients are gaining immense traction in the commercial sector, and the trend is expected to continue through 2034.

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Competitive Landscape

The key vendors focus on delivering accurate taste and texture. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

  • Kerry Group has introduced the Hyfoama for egg white and gelatin applications. The plant and dairy-based protein hydrosalts are specially created to replace eggs in food and beverage applications.
  • Archer Daniels Midland Company has launched its series of functional plant proteins that are likely to replace eggs or dairy.

Key Segments Covered

By Form:

  • Dry
  • Liquid

By Ingredient:

  • Dairy Proteins
  • Starch
  • Algal Flour
  • Soy-based Products

By Application:

  • Bakery & Confectionery
  • Savories
  • Sauces
  • Dressings & Spreads

By Distribution Channel:

  • Convenience Stores
  • Hypermarkets
  • Departmental Stores
  • Others

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)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • Middle East and Africa (MEA)

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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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Ready-to-Eat Food Market Strategic Growth & Forecast Analysis – 2024-2034

Ready-To-Eat Food Market
Ready-To-Eat Food Market

The global Ready-To-Eat Food Market is projected to reach US$ 195.9 billion in 2024 and US$ 391.1 billion in 2034. By 2034, the ready-to-eat food demand is expected to surge at a CAGR of 9.2%.

Changing social and economic patterns, increasing spending on food, and changes in dietary habits are set to drive the worldwide demand for convenient and ready-to-eat foods. After the COVID-19 crisis, the ready-to-eat food industry is among the fastest-growing markets.

Rising consumer demand for healthier, more customizable, authentic, and natural products without compromising health goals, taste, or nutrients is driving the market growth. Ready-to-eat food aid people eat healthy meals despite their busy schedules and dynamic lifestyles.

The United States, China, and India, with their rapid economic growth and immense potential, are expected to propel demand in the market. In these countries, frozen and chilled ready meals rank among the most popular types of ready-to-eat food. Trends in consumer food preferences, such as veganism, gluten-free eating, and environmentally friendly packaging, bring value to the market.

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Key Takeaways from the Ready-to-eat Food Market Report:

  • The global ready-to-eat food market is expected to reach a valuation of US$ 195.9 billion by 2024.
  • The market is expected to surge at 9.2% CAGR over the forecast period.
  • Based on product type, dairy products are anticipated to hold a market share of 15.7% in 2024.
  • The United States is projected to grow at a CAGR of 6.5% through 2034.
  • China’s ready-to-eat food market is projected to rise with a CAGR of 7.3% during the forecast period.

“Some of the factors bolstering the market include the introduction of more exotic products, the surge of private labels, and the premiumization of products. Consumer perceptions of prepared meals are steadily increasing, with customers finding that high-speed cooking times and convenience are optimal,” Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Competitive Landscape

Nestlé, Dr. Oetker, Campbell Soup Company, Nomad Foods, Danone, Vietnam Hanfimex Corporation, and General Mills Inc. are key ready-to-eat food manufacturers listed in the report. The market is fragmented due to several international and domestic companies.

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Key Companies Profiled

  • Nestlé
  • Dr. Oetker
  • Campbell Soup Company
  • Nomad Foods
  • Danone
  • Vietnam Hanfimex Corporation
  • General Mills Inc.
  • California Pizza Kitchen
  • McCain Foods Ltd.
  • MTR Foods Private Limited
  • Conagra Brands, Inc.
  • Atkins Nutritionals, Inc.

Leading manufacturers are focusing on product innovation to meet the emerging health choices of consumers around the world. Companies are using strategies such as partnerships, innovation, online advertising campaigns, and new product developments to expand their product portfolios and customer bases.

Recent Developments:

  • In 2022, VegaBytz Company introduced plant-based, 100% vegan meat products in India, offering ready-to-eat meat, chicken, tuna meals, and curry products made from plants.
  • In 2021, Nomad acquired Fortenova’s Frozen Food Business Group (FFBG) to expand its product portfolio.
  • In 2022, McCain Foods acquired Scelta Products. Through this acquisition, the company’s position in the prepared frozen appetizer market will be strengthened, and frozen appetizers will gain more impetus and production capacity.

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Ready-to-eat Food Market Segmentation by Category

By Product Type:

  • Dairy Products
  • Instant Breakfast/Cereals
  • Bakery and Confectionary
  • Meat and Poultry
  • Frozen Pizza
  • Pasta and Noodles
  • Savory Snacks
  • Prepared Salads

By Sales Channel:

  • Food Service
    • Hotel, Restaurant, Cafes
    • Bakeries and Patisseries
    • Quick Service Restaurants (Sandwicheries, Fast Casual, Coffee Shops)
  • Airport Retail
  • Travel Retail
  • Retail
    • Hypermarket/Supermarket
    • Convenience Stores
    • Departmental Stores
    • Wholesale Stores
    • Mass Grocery Retailers
    • Specialty Stores
  • Online

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Natural Food Colors Market Strategic Growth & Forecast Analysis – 2023-2033

Natural Food Colors Market
Natural Food Colors Market

According to Future Market Insights (FMI), the natural food colors market is likely to reach a valuation of US$ 1.7 billion in 2023. From 2023 to 2033, a robust 7.2% CAGR is likely to propel the market to a valuation of US$ 3.3 billion in 2033.

Color has a profound impact on how people feel about food. It is considered to be the most important product-intrinsic sensory signal when it comes to affecting people’s judgements of the likely flavor and taste of food and beverages.

Color-giving substances were initially produced in domestic kitchens from locally grown plants or already-existing natural sources. Due to the industrialization of food production, food colors that were reliable across all production batches and stable for the duration of products’ shelf lives were needed.

Recent years have seen rapid expansion across a wide range of industries, thanks to the global economy’s adoption of digitization. Due to rising internet usage among consumers and the simplicity of online transactions, several natural food color producers are choosing online channels for their product promotion and sales. Consumers also favor making purchases from online merchants, which encourages businesses to strengthen their online presence.

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“The only pertinent challenge that market players have to overcome involves the pricing of natural food colors. As of now, natural food colors are more expensive than synthetic variants. However, in the coming years, increasing investments in research & development should allow players to offer competitively-priced products to consumers.” –Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Natural Food Colors Market Study

  • The global market for natural food colors is likely to be valued at US$ 1.7 billion in 2023.
  • A positive 7.2% CAGR is anticipated to drive market acceleration from 2023 to 2033.
  • In 2033, FMI expects the global market to attain a valuation of US$ 3.3 billion.
  • The United States market is slated to emerge as the most dominant force in North America between 2023 and 2033.
  • In Asia, the likes of China, India, and Japan are set to make significant contributions and propel the global market.

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Who is Winning?

Due to the rising demand for natural food colors, several leading manufacturers are focusing on offering it at the best possible pricing. To increase their market share and manufacturing capacity while expanding their industrial footprints, businesses are relying on integrated production methods. Leading producers of natural food colors are investing in employing multiple raw materials so that they can diversify production.

Leading players operating in the natural food colors market are Archer Daniels Midland, Sensient Technologies Corporation, Döhler GmbH, Symrise AG, Naturex S.A., Kalsec Inc., DDW The Color House Corporation, Chr. Hansen Holding A/S, McCormick & Company, Aakash Chemicals and Dyestuffs, San-Ei Gen F.FI Inc., ROHA Dyechem Pvt. Ltd. (JJT Group), GNT International BV (EXBERRY), Adama Agricultural Solutions Ltd. (LycoRed), and AFIS (Australian Food Ingredient Suppliers).

Natural Food Colors Market by Category

By Pigment Type:

  • Carotenoid
    • Beta carotene
    • Annatto
    • Lutein
    • Lycopene
  • Curcumin
  • Anthocyanin
  • Paprika extract
  • Spirulina extract
  • Chlorophyll
  • Carmine

By Functionality:

  • Dairy Food Products
  • Beverages
  • Packaged Food/Frozen Products
  • Confectionery and Bakery Products

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.

 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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Global Active, Smart, and Intelligent Packaging Market: Driving Forces and Investment Opportunities | FMI

active, smart, and intelligent packaging
active, smart, and intelligent packaging

While the onset of the pandemic led to a slight downturn in demand for active, smart, and intelligent packaging within The The food and beverage and pharmaceutical industries saw significant increases in demand the following year, primarily as a result of a spike in the demand for immunizations and pharmaceutical supplies. This increase is expected to fuel the global growth of intelligent, smart, and active packaging over the forecast period.

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Growth Drivers:

  1. Consumer Demand for Information and Safety: Concerns over product safety, authenticity, and information are growing among consumers. In order to satisfy consumer needs for safety and transparency, active and intelligent packaging systems deliver real-time data regarding product freshness, temperature, tampering, and expiration dates.
  2. Advancements in Technology: Advancements in technology, namely in the areas of sensors, NFC (Near Field Communication), RFID (Radio-Frequency Identification), and QR codes, have made it possible to create complex active and intelligent packaging solutions. The market is growing because of these technologies’ improved communication, tracking, and monitoring capabilities.
  3. Regulatory Compliance: Active and intelligent packaging solutions are becoming more and more popular as a result of strict laws pertaining to food safety, pharmaceutical authentication, and sustainability. These solutions support adherence to legal requirements and guarantee product integrity all the way through the supply chain.
  4. Extended Shelf Life and Reduced Waste: Active packaging solutions, such as oxygen scavengers, moisture absorbers, and antimicrobial agents, help extend the shelf life of perishable goods, reducing food waste and spoilage. This sustainability aspect appeals to both consumers and manufacturers, fostering market growth.
  5. Brand Differentiation and Customer Engagement: Active and intelligent packaging solutions offer opportunities for brand differentiation and enhanced customer engagement. Interactive packaging with augmented reality features, personalized messages, and product information enriches the consumer experience, driving brand loyalty and market expansion.

Industry Restraints:

  1. High Initial Investment: Implementing active and intelligent packaging solutions often requires significant upfront investment in research, development, and infrastructure. For small and medium-sized enterprises (SMEs) or businesses operating on tight budgets, this can be a major barrier to adoption.
  2. Complexity and Integration Challenges: Integrating active and intelligent packaging technologies into existing supply chain systems can be complex and challenging. Compatibility issues, data management complexities, and interoperability concerns may hinder seamless integration, slowing down market growth.
  3. Security and Privacy Concerns: As active and intelligent packaging solutions involve the collection and transmission of sensitive data, security and privacy concerns arise. Ensuring the confidentiality, integrity, and authenticity of data becomes paramount, especially in sectors like pharmaceuticals and personal care products.
  4. Limited Consumer Awareness: Despite the potential benefits, many consumers remain unaware of active and intelligent packaging technologies and their advantages. Educating consumers about these solutions, their functionalities, and benefits is crucial for market acceptance and adoption.
  5. Environmental Impact: Some active and intelligent packaging solutions involve the use of complex materials and electronics, raising concerns about their environmental impact and sustainability. Manufacturers need to focus on developing eco-friendly alternatives to address these sustainability challenges and mitigate negative environmental consequences.

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Projected to grow at a CAGR of 9.8% from 2022 to 2027, the Global Active, Smart, and Intelligent Packaging Market is estimated to be valued at US$ 27.1 billion in 2022, with a forecasted reach of US$ 43.3 billion by 2027. This robust growth trajectory underscores the increasing adoption of advanced packaging solutions across various industries, driven by factors such as technological advancements, regulatory compliance requirements, and heightened consumer demand for product safety and information. The market’s expansion is expected to be further propelled by the surge in demand witnessed in key sectors like food & beverages and pharmaceuticals, particularly amid the COVID-19 pandemic.

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Micro Perforated Films Packaging Market: Sustainable Solutions Driving Growth

Micro Perforated Films Packaging Market
Micro Perforated Films Packaging Market

As per the latest analysis from Future Market Insights (FMI), the micro perforated films packaging market is anticipated to foresee steady growth until 2023, with a 3.6% annual increase in revenue. Between 2023 and 2033, the market is projected to expand at a compound annual growth rate (CAGR) of 4.5%, reaching US$ 2.28 billion by that time. The market is anticipated to reach US$ 1.46 billion in 2023. This encouraging trend emphasizes the continued need for microperforated films in package applications, which is being driven by factors such as growing consumer consciousness, technological advancements, and a growing emphasis on packaging solutions that are environmentally benign.

One of the main market drivers is the increased emphasis on sustainability and environmental preservation. Because plastic packaging plays a significant part in the global plastic waste problem, there is a growing need for eco-friendly packaging alternatives. Microperforated films are becoming a more sustainable option for packaging than traditional materials since they are lightweight, easily recyclable, and can reduce food waste. This makes them a preferred choice for companies and customers alike, in an effort to lessen the environmental impact of traditional plastic packaging, and it also corresponds with the increasing consciousness of and commitment to environmentally responsible packaging methods.

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Key Takeaways:

  1. The market in the United Kingdom is expected to rise with a CAGR of 4.9% through 2033.
  2. The United States dominated the market in 2022, holding a 20.2% share of the global market.
  3. Japan held a 6.2% market share globally in 2022.
  4. India is predicted to develop prominently in the market, with a CAGR of 5.8% over the forecast period.
  5. China is expected to proliferate, registering a CAGR of 5.7% over the forecast period.
  6. Germany accounted for 3.9% of the global market in 2022.

Competitive Landscape:

The top manufacturers of the micro perforated films packaging market are

  • Amcor Limited,
  • Darnel Group,
  • UFlex Ltd.,
  • Sealed Air Corporation,
  • Bollore Group,
  • NORDFOLIEN GmbH,
  • Mondi Group,
  • TCL Packaging Limited,
  • KOROZO Ambalaj San,
  • ve Tic A.S, C
  • overis Holdings SA, and
  • others.

Key players in the micro-perforated films packaging market concentrate on developing cutting-edge packaging options that can maintain the quality and freshness of perishable commodities like fresh produce and bakery goods. Through the use of recyclable materials and eco-friendly alternatives, they are investing in research and development to enhance the functionality and sustainability of micro perforated films.

Recent Developments:

  • In January 2023, the Duino mill in Trieste (Italy) was acquired by Mondi plc (‘Mondi’) for a total sum of US$42.95 million from the Burgo Group.
  • In December 2022, Amcor declared the launch of a brand-new and cutting-edge manufacturing facility in China.

Opportunities for Micro Perforated Films Packaging in Key Markets

  1. United States: Lucrative market driven by food spending and sustainability focus. Increased demand for convenient, healthy, and fresh food options, along with a rise in e-commerce, contributes to market growth.
  2. Brazil: Growing market fueled by specific consumer preferences. Esthetics, convenience, quality, safety, and sustainability in food packaging align with benefits offered by micro perforated films, meeting demands of budget-conscious consumers.
  3. China: Exponential market growth driven by e-commerce and health focus. The packaging industry expands rapidly with the growth of e-commerce giants and the emphasis on health and wellness, increasing the demand for micro perforated films.
  4. India: Environmental regulations influence micro perforated films sales. Ongoing environmental regulations and efforts to ban certain plastic packaging drive adoption of micro perforated films, addressing concerns related to recyclability and wastage.
  5. United Kingdom: Steady growth supported by population increase and e-commerce. Increasing population and rise of convenience foods drive market expansion, particularly in the food and beverage industry.
  6. Germany: Focus on sustainability and food waste reduction drives market. Strict regulations on food safety and packaging waste reduction encourage adoption of sustainable packaging solutions like micro perforated films.
  7. Japan: Sustainable packaging demand propels market surge. Increasing popularity of ready-to-eat meals and demand for sustainable and eco-friendly packaging contribute to market opportunities, meeting the country’s focus on food safety and waste reduction initiatives

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Market Segmentations

By Material Type:

  • PE
  • PP
  • PET
  • PVC
  • PA

By Packaging:

  • Bags
  • Pouches
  • Wraps/ Rolls
  • Sleeves

By Technology:

  • Mechanical perforation
  • Laser perforation

By Region:

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

About Future Market Insights (FMI)

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