Egg Replacement Ingredients Market Regional Outlook, Trends, Key Companies Profile, CAGR and Forecast to 2032

The global egg replacement ingredients market is projected to have a moderate-paced CAGR of 5.8% during the forecast period. The current valuation of the market is US$ 1,228.36 million in 2022. The market value of the egg replacement ingredients market is anticipated to reach a high of US$ 2,138.33 billion by the year 2032. A historical CAGR of 3.4% has been recorded as per the statistics in the base year by expert analysts at Future Market Insights.

An unprecedented surge has been witnessed in the sales of egg replacement ingredients over the past few years, owing to rising veganism and vegetarianism in various parts of the world. Obesity rates are rising all around the world, and health concerns, including high blood pressure, diabetes, asthma, and others, are on the rise. Raising consumer health awareness and the medical fraternity is a major fueling the growth of the egg substitute ingredients market.

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The experts at FMI have analyzed that rising health concerns for non-veg food encourage consumers to opt for vegan diets. It has been observed that high egg consumption can lead to various heart-related diseases. As a result, people are opting for egg alternatives. The vegan egg substitute ingredients also offer many functional features to the food they are added in, such as binding, foaming, aeration, and emulsification.

The analysts have revealed that egg replacement ingredients facilitate the reduction of egg content in the food without compromising the taste, appearance, and nutritional benefits. They are being increasingly utilized across various applications, such as bakery products. However, the increase in the cost of the final product will likely deter the market’s expansion during the forecast period.

Key Takeaways from the Egg Replacement Ingredients Market

  • North America is expected to remain the dominant market for egg replacement ingredients with a share of 47.8% between 2022-2032.
  • North America is estimated to advance at a CAGR of 7% during the forecast period.
  • Europe is projected to account for a moderate-paced CAGR of 6.5% through 2032.
  • The Mayonnaise segment is likely to domineer in the product type category with a value share of 38.2% during 2022-2032.

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“Increasing prevalence of bird flu and influenza, high egg prices due to egg shortage, and rising awareness about a healthy lifestyle are likely to create lucrative growth opportunities for the manufacturers in the egg replacement ingredients market.” – Says an FMI analyst.

Competitive Landscape in the Egg Replacement Ingredients Market

To expand their global presence, players are investing in mergers and acquisitions. Players are also investing in research and development to expand their product portfolios.

Key players operating in the market are continuously introducing new products to cater to the rising demand from various industries. They have adopted various organic and inorganic strategies such as mergers and acquisitions, advanced product development, and collaborations to gain a competitive edge in the market.

It is also identified that food manufacturers across the globe are adopting egg replacement ingredients on large scales in order to coup up with the rising egg prices and egg shortage.

Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods Limited, Puratos Group, TerraVia Holdings, Inc. are some of the key players in the market.

North America egg replacement ingredients market is projected to dominate the global market. As per the analysis of FMI, this region is likely to account for a market share of 47.8% during the forecast period, growing at a pace of 7% CAGR.

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Recent Developments in the Egg Replacement Ingredients Market

  • In February 2018, Korner Starkem a German Company, launched a clean-label egg replacer, REGG-EX. The REGG-EX is produced from selected quality wheat flour and untreated spring water and can be used for various applications.
  • In January 2018, Puratos, UK, launched the Satin brand with Plain and Chocolate Creamy Vegan Cake Mix.
  • In January 2020, Noblegen Inc. launched plant-based whole egg powder under their Eunite brand.

Key Segments in the Egg Replacement Ingredients Market

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

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Processed Superfruits Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast from 2022 to 2032

The Global Processed Superfruits Market is expected to reach nearly US$ 87.5 Mn by 2032, seeing a CAGR of nearly 5% from 2022 to 2032.

According to Future Market Insights analysts, significant demand for superfruits based antioxidants is expected to drive the growth of the global processed superfruits market during the forecast period. An increasing demand for ready-to-eat (RTE) foods and ready-to-drink (RTD) beverages is further likely to boost overall growth of the global processed superfruits market.

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The global processed Superfruits market is also driven by several other factors such as increasing demand for antioxidants, rising income levels in emerging economies, substantial demand for multi-use food ingredients in the food and beverage industry, and increased awareness of the nutritional attributes of superfruits. The multiple uses of superfruits as natural food colouring, natural food flavouring, and other purposes besides dietary food and functional ingredients is another key driver for the global processed superfruits market growth.

However, high costs associated with the production, processing, and preservation of processed superfruits and a lack of consistency in terms of superfruits flavour is likely to pose challenges and restrict the growth of the global processed superfruits market over the forecast period.

“Consumers are increasingly inclined towards natural food products due to various health issues associated with artificial additives and ingredients in food processing. This preference for natural food products globally is expected to fuel the demand for processed superfruits in the food and beverages industry.” – Analyst – Food & Beverages, Future Market Insights

Key Segment

By Fruit Type

  • Apple
  • Grape
  • Acai
  • Pomegranate
  • Blueberry
  • Cranberry
  • Raspberry

By Food Sub-Segment

  • Functional Food
  • Dairy Products
  • Bakery and Confectionery
  • Other Food Products

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Regional market projections

The global processed superfruits market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. The Latin America and APEJ processed superfruits markets are expected to register high growth rates between 2016 and 2026 in terms of value.

In terms of volume, the North America market is expected to reach 4,943,563 tons by the end of 2026, registering a volume CAGR of 4.7% during the forecast period. Latin America is anticipated to represent absolute $ opportunity of US$ 224.5 Mn in 2016 over 2015. The APEJ processed superfruits market accounted for US$ 6,475.1 Mn in 2015 and is expected to increase to US$ 6,809.5 Mn by the end of 2016, reflecting a growth rate of 5.2%. The Japan region is anticipated to reach 867,546 tons in terms of volume by the end of 2026, witnessing a volume CAGR of 4.4% during the forecast period.

Vendor insights

The global processed superfruits market report profiles some of the leading players operating in the global processed superfruits market. Companies featured in the report are Symrise AG, SunOpta Inc., Kerry Group plc, Agrana Beteiligungs-AG, Del Monte Pacific Limited, Ocean Spray Cranberry Inc., PepsiCo, Inc., Dabur India Ltd., Uren Food Group Limited, and Frutarom Industries Ltd. Top companies dominating the global processed superfruits market are focussing on diversifying their product portfolio and expanding their businesses in emerging markets through strategic mergers and acquisitions.

About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Global Rubber Tapes Market to Reach US$ 1.4 bilin 2032, Driven by Increasing Demand in Electrical and Automotive Industries

Rubber tape market are forecast to increase consistently during the ensuing years at a 4.4% CAGR, reaching US$ 1.4 Bn in 2032. Rubber tape sales are projected to expand by 1.6 times between 2022 and 2032 as a result of rising demand from the construction and electronics sectors.

The demand for heavy-duty adhesive materials is projected to rise as the industrialization of the world progresses. The electronic and electrical sectors have the largest need for rubber tapes to secure cables and equipment.

Rubber tapes are made from strong, long-lasting materials that are also waterproof. They come in a variety of adhesion qualities to meet the needs of end customers. The production of heavy-duty tapes for contractors and industrial project sites is the main emphasis of major players. For efficient sealing and minimising losses in industrial and infrastructural projects, heavy rubber tapes are crucial.

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Rubber tapes are increasingly being used for sealing, mending, and holding tasks across a variety of industries as a result of ongoing advances. Rubber tape may now cling to a variety of materials for a longer period of time thanks to new, enhanced adhesive technology. Rubber tapes made of a variety of rubbers and polymers can stick to heavy loads and withstand significant abrasion, expanding their range of uses internationally.

Further, these tapes are being used in the building & construction industry as an economical, and easy-to-use solution for indoor and outdoor construction activities. The availability of low and high tacking construction tapes makes it an ideal solution for indoor activities such as renovation, window, door and furniture and decorative paintings.

“Growing adoption of rubber insulation tapes in the electrics and electronics industry, along with increasing demand from the automotive industry will continue driving the rubber tapes market over the forecast period,” says the FMI analyst.

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Key Takeaways:

  • Based on product type, sales in the ethylene-propylene rubber tapes segment will reach US$ 655.9 Mn in 2032.
  • Total sales of rubber tapes having a thickness between 0.7mm and 0.9mm are expected grow at a 4.3% CAGR over the forecast period.
  • Demand in the electrical and electronics sector will create an incremental opportunity of US$ 145.1 Mn over the forecast period.
  • Applications of rubber tapes in the maintenance and repair segment will account for 39.3% of the total market share in 2022.
  • Sales of rubber tapes in the U.S. are expected to offer an incremental opportunity of US$ 75.1 Mn over the forecast period.
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Rubber Tapes Market Landscape

Some of the key players dominating the global rubber tapes market are 3M Company, HellermannTyton Company, Scapa Group plc, tesa SE, Intertape Polymer Group Inc., Berry Global Inc., Nitto Denko Corporation, Atlantex Manufacturing Corp, Midsun Specialty Products, Inc., CS Hyde Company, MOCAP, LLC, Parafix Tapes & Conversions Ltd, Cole-Parmer Instrument Company, LLC, Senson Tek, ERGOM Z.A.E. Sp. z o.o, Godson Tapes Private Limited, 3A Associates Incorporated and Omega Rubber Industries.

  • Leading players operating in the global rubber tapes market are investing in mergers, acquisitions and collaborations to expand their global presence in the market. For instance:
  • In June 2021, Intertape Polymer Group announced an agreement to acquire Nuevopak Global Limited.

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Key Players:

  • 3M Company
  • HellermannTyton Company
  • Scapa Group plc
  • tesa SE
  • Intertape Polymer Group Inc.
  • Berry Global Inc.
  • Nitto Denko Corporation
  • Atlantex Manufacturing Corp

Global Rubber Tapes Market By Category

By Product Type :

  • Ethylene Polypropylene Rubber (EPR) Rubber Tapes
  • Polyisobutylene (PIB) Rubber Tapes
  • Butyl Rubber Tapes

By Thickness :

  • Up to 0.3 mm
  • 0.4 mm to 0.6 mm
  • 0.7 mm to 0.9 mm

By Application :

  • Repairing & Protecting
  • Insulation & Joining
  • Waterproofing
  • Sealing
  • Others

By End-use Industry :

  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Aerospace & Defence
  • General Industries
  • Others

By Region :

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

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

Contact Us:

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APAC Heart Health Functional Food Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast from 2022 to 2032

Newly released data from the Heart Health Functional Food Market analysis by Future Market Insights shows that global demand of the overall Heart Health Functional Food Market enjoyed year-on-year (YoY) growth of 6.8% in 2021. This market now holds a massive market value of USD 477.6 Mn in monetary terms in 2022.

A recent survey by Future Market Insights (FMI) reveals that consumers are increasingly turning to food products that are responsible for promoting sleep, improving mood, boosting energy levels, maintaining heart health, and aiding in weight management.

The growing demand for food with added benefits, especially for heart health functional food, has created a high potential for manufacturers of heart health food in the Asia-Pacific market. Companies are launching new omega-3-based ingredients as well as products that target the heart health functional food market.

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In the past five years, consumers have become more attentive towards maintaining their health and are showing preference for heart health functional food products. In 2018, the consumption of heart health functional foods in Thailand witnessed tremendous growth, with an average increase of 7-15% in comparison to that in the past five years. This was majorly the result of regulations on health claim and clean labeling.

Plant sterol and soy protein would remain among the highly favored ingredients in heart health functional market in APAC, attributing to high consumer preference for vegetarian products. While the former is derived from fruits, vegetables, seeds, and grains, the latter is gaining traction owing to its affordability and accessibility to manufacturers.

Know More About Heart Health Functional Food Market Study

Future Market Insights, in its new offering, offers an unbiased analysis of the global heart health functional food market, presenting historical demand data (2014 – 2018), and forecast statistics for the period, 2019 – 2026. The study divulges compelling insights on the heart health functional food market based on type; the market is segmented into breakfast cereals, dairy products, nutritional bars, edible oils, and others (eggs & wine).

Growth of the heart health functional food market is driven by a rising inclination towards natural ingredient-based specific functional food products as well as heart health drink fusions in the dairy products segment. Based on distribution channels, the heart health functional food market is segmented into supermarkets, hypermarkets, departmental stores, and grocer/retailers.

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Heart Health Functional Food Market: Segmentation

By Type:

  • Breakfast Cereals
  • Dairy Products
  • Edible Oils
  • Nutritional Bars
  • Others (Eggs & Wine)

By Distribution Channel:

  • Hypermarkets
  • Supermarkets
  • Departmental Stores
  • Grocery/ Retailers

By Country:

  • India
  • China
  • Japan
  • Singapore
  • Indonesia
  • Thailand
  • Malaysia

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Key Questions Answered in the Report

How much is the Heart Health Functional Food Market currently worth?

Currently Heart Health Functional Food Market is worth more than US$ 477.6 Mn.

At what CAGR is the market expected to grow?

Heart Health Functional Food consumption is expected to grow at a CAGR of around 6.8% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, Heart Health Functional Food Market grew at a CAGR of around 6.1% during 2017-2021.

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments, and production capacity expansion.

How many shares do the top 5 companies hold?

The top 5 producers of the Heart Health Functional Food Market hold around 33% of the market share.

About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Cheese Flavor Market 2022 Development Status, Competition Analysis, Type and Application 2031

The global sales of cheese flavor are expected to witness progressive growth over the forecast period. There is persistent rising demand for cheese flavor mainly due to the rising snacks industry globally which is likely to boost the cheese flavor market in the assessment period.

Evolution in the Food Service Industry to Propel Demand for Cheese Favor

Growing demand for cheese and various cheese flavors such as mozzarella, parmesan, and cheddar has been fueled by the rising consumption of fast foods such as pizza, burgers, pasta, and so on. The fast-food sector is thriving because of the variety of food items it offers in terms of flavor, such as crackers, chips, and other items in cheese flavor, which is boosting the demand for the worldwide cheese flavor market.

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The rapid revolution of foodservice industry has further boosted the demand for cheese flavor. The food business is undergoing a transformation. The food & beverage business is seeing more innovation and automation because of the Internet of Things (IoT) technologies, cloud computing, cognitive computing, and virtual reality, which are all helping to bridge the cyber and physical worlds and contributing to expanding the reach of different products worldwide, therefore, supporting the expansion of cheese flavor market.

Food industry 4.0 is transforming the way raw materials are procured, food is prepared, packages are packaged, and things are marketed in the food industry. Virtual systems are essentially analyzing, controlling, and continuously changing the entire path from farm to table, allowing manufacturers to experiment with cheese flavor in various packaged goods, hence increasing demand.

Consumer interest in exploring new ethnic flavors and cuisines has risen dramatically in recent years. The rising popularity of cheese flavor combinations in cuisines like Italian and Mexican has hastened the use of many cheese kinds in these cuisines. The growth of the foodservice industry has compelled top cheese processors to offer novel products such as cheese powder and creamers, which is propelling the cheese flavor market forward.

Flavor Varieties to Augment the Sales of Cheese Flavor Products

One of the emerging categories is flavored cheese, which caters to modern consumer demands for unique flavors such as spice, herbal, and fruit. The cheese taste industry is growing across the globe with developments and inventions delivering novel cheese products to the retail platform, therefore, increasing the sales of cheese flavor products all across the globe.

To capitalize on the growing demand for flavoured cheese in the United Kingdom, The Chuckling Cheese Company launched gin-flavored cheese.

The US and Canada Cheese Flavor Market

The growing demand for convenience foods as a result of a time-constrained lifestyle is driving the cheese taste market in the United States and Canada. Ready-To-Eat (RTE) meals are becoming an essential aspect as a result of the country’s consumers’ demand for simple solutions that can aid with their busy lifestyles and simplify nutritional requirements, resulting in the expansion of the cheese flavor industry in the regions.

Europe Demand Outlook for Cheese Flavor Market

During the forecast period 2021-2031, the European cheese flavor market is expected to grow at a rapid pace. Cheese is an important ingredient in the cuisines of many European countries. This is one of the main drivers of the region’s cheese market expansion. Furthermore, the growing demand for snacks in cheese flavor are boosting the cheese flavor market’s growth.

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Cheese flavor Market: Key Players

Some key manufacturers functioning in business in Cheese flavor market includes

  • Novozymes biotechnology company
  • Mother dairy
  • Bega cheese
  • Bel Group
  • Amul
  • Arla Foods
  • Fonterra
  • Savencia sa
  • Lactalis Group
  • Britannia industries
  • Kraft Heinz Company and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Cheese Flavor Market: Market Segmentation

Based on Source:

  • Animal Based
  • Plant Based

Based on Application:

  • Snacks Industry
  • Bakery Industry
  • Fast food Industry
  • Others

Based on Distribution Channel:

  • Supermarkets
  • Convenience Stores
  • Online Retail
  • Others

About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Refurbished Running Shoes Market is Expected to Grow at 8.9% CAGR over 2022 to 2032 | FMI

The global refurbished running shoes market is set to are seeing an impressive growth rate of 8.9% over the forecasted years of 2022 to 2032. The refurbished running shoes market size is anticipated to reach a valuation of around US$ 798 Million by the end of year 2032 from the current valuation of US$ 340 Million in 2022.

Sneakers that have been repaired or recertified for selling again are referred to as refurbished shoes. Such shoes may vary depending on the brand and method used. For instance, reconditioned running shoes may have simply been opened, returned to the manufacturer or store due to a problem, and then marketed again. Due to the fact that they are sold at a lower price than brand-new products, demand for refurbished running shoes is quite high right now across both developed and developing economies.

Most reconditioned products come with tested and guaranteed substitutes. When these products successfully pass the quality inspection process and appear and function similarly to existing new products in the market, and they are also certified. Such aspects are anticipated to increase consumer confidence in the products and consequently boost sales of reconditioned running shoes in the ensuing days.

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Key Takeaways from Market Study

  • The overall growth of the global refurbished running shoes market is estimated to be around US$ 368 Million over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 8.9%.
  • The overall market is projected to reach a valuation of nearly US$ 798 Million by the end of the forecast period in 2032 that would constitute nearly 25 – 30% of the used apparel market globally.
  • Neutral pronator refurbished running shoes category is the dominant segment of the market and is also projected to be the fastest growing segment along with the over pronator refurbished running shoes segment.
  • Though offline distribution channels for sales of refurbished running shoes had remained dominant since a very long time but in recent time online retail shops have been growing rapidly and presently contribute more than 50% of the global market.
  • North America is the leading region with the highest demand for refurbished running shoes. The overall market share of this region is estimated to be around 32.6% for the year 2022.
  • European countries have witnessed an impressive growth over the recent years in the refurbished running shoes market and presently acquire nearly 16.8% of the global market.
  • Asia Pacific is the fastest growing market as figured out by the refurbished running shoes market analysis report for the coming years.

Competitive Landscape

Some of the well-known refurbished running shoes market players are Reebok, Nike, Inc. , PUMA SE, Greensole.in, Etsy, Skechers India, RELAY, Adidas AG, and Chuck Taylor All Stars among others.

One of the major causes influencing the ongoing global expansion of refurbished running shoes business is the fact that so many famous companies and popular brands are supporting the second-hand movement. Giants like Richemont, LVMH, and Stella McCartney have shown their dedication to sustainability and adoption of better technology for restoring used shoes.

Recent Developments in the Global Refurbished Running Shoes Market:

  • Last year Bank & Vogue, Beyond Retro, and another well-known firm names Converse teamed up to solve the problem of decreasing trash and for working together to design a range of shoes made from recycled materials. The corporate officials stated that improving sustainability and the fashion industry is our goal.

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Refurbished Running Shoes Market by Segmentation 

By Shoe Type:

  • Over Pronator
  • Neutral Pronator
  • Supinator

By Application:

  • Male
  • Female
  • Unisex

By Distribution Channel:

  • Online
  • Offline
  • Others

By Region:

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

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

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Savoury Ingredients Market Size, Growth Analysis Report, Forecast to 2026

The APAC savoury ingredients market is projected to register a healthy CAGR of 5.8% during a 10-year period 2016–2026. In a new report titled “Savoury Ingredients Market: APAC Industry Analysis and Opportunity Assessment 2016-2026”, Future Market Insights analyses the market for savoury ingredients in major countries in the APAC region and offers key insights on the factors and trends influencing the market.

The APAC region provides immense growth opportunities for companies operating in the savoury ingredients space. The primary reason for this is a growing demand for instant food such as noodles and savoury snacks in these markets, and this demand is supported by a substantial increase in the disposable income of people. Sales of savoury ingredients in these countries already account for a substantial revenue share of the APAC savoury ingredients market and revenue from these markets is expected to continue to increase significantly over the forecast period.

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There is an increasing adoption of savoury flavours in the APAC countries and the region also demonstrates a growing preference and demand for hydrolysed protein-based meat products. There is also a growing inclination towards convenience food and an awareness of the usage of yeast extracts in lieu of salt, which provide the same taste while ensuring a reduced dietary sodium content at the same time. All these factors have contributed to the growth of the APAC savoury ingredients market. However, stringent government regulations on the use of monosodium glutamate (MSG) may hamper the growth of the APAC savoury ingredients market.

Companies in the APAC region are showing a growing preference towards natural savoury flavours and ingredients over artificial flavours. Several companies are also adopting yeast extract in food, which imparts a salty and savoury flavour and reduces bitterness.

Leading players in the APAC savoury ingredients market include Angel Yeast Co. Ltd., AB Mauri Food Inc., Ajinomoto Co. Inc., FOODCHEM International Corporation, The Fufeng Group, Halcyon Proteins, Sensient Technologies Corporation, Royal DSM, Lesaffre (Biospringer), and ABF Ingredients (Ohly).

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Key Segments

By Type

  • Yeast Extract
  • Monosodium Glutamate
  • Hydrolysed Vegetable Protein
  • Hydrolysed Animal Protein
  • Nucleotides and Others

By Form

  • Liquid
  • Powder
  • Paste

By Application

  • Food
    • Dips and Soups
    • Instant Noodles & Sauces
    • Meat & Seafood
    • Bakery Products & Savoury Snacks
  • Pet Food
  • Others

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Reasons to Buy the report

  • The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
  • We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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APAC Functional Food Ingredients Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2032

The market for functional food ingredients in APAC is anticipated to reach US$ 3.5 billion by 2022 end and grow at a strong CAGR of 7% from 2022 to 2032.

In line with increasing incorporation into a variety of fortified F&B products such as fresh produce, packaged foods, dairy products, and functional beverages, functional food ingredients continue to solidify their position in the industry. Ascending sales of healthy or functional drinks is particularly benefiting the growth of APAC functional food ingredients market in Asia Pacific.

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Key Takeaways – Functional Food Ingredients Market Study

  • Growing popularity of omega-3 as a supplement in the Asia Pacific region is expected to boost the growth of the functional food ingredients market, particularly in the spreadable fats and oils food products segment.
    • ASEAN is ranked as the seventh-largest economy in APAC, and consumers in this region are more inclined towards intake of nutritional food products that offer various health benefits.
  • Multinational companies manufacturing functional food ingredients are taking initiatives to tackle nutritional deficiencies. Companies such as Nestlé and Unilever have started food fortification to add both macro and micronutrients in their food products.
    • Nestlé S.A. started fortification of its products such as cereals to target deficiencies in specific global markets. By 2016, the company fortified 200 billion servings of food and beverages, worldwide, while partnering with the HarvestPlus program (bio fortification) and agricultural research partners in India.
    • Unilever PLC partnered with the World Food Program to launch ‘Together for Child Vitality’, an initiative to improve the nutrition and health of school-aged children. Unilever PLC fortifies products such as spreads, seasonings, porridges, and bouillons, which are affordable and easily accessible.
  • Japan is perceived as a highly profitable market for manufacturers of functional food ingredients worldwide.
    • In 2017-18, 8-10% of Japanese population was diabetic, which created significant opportunities for manufacturers of functional food ingredients to target this demographic by offering products to mitigate the impact of diabetes.

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Manufacturers of functional food ingredients are focused on catering to regional or domestic requirements. In India, omega-3, which is normally a non-vegetarian-derived product, has been developed from vegetarian variants such as flaxseed oil and algae. Food and beverage companies are also prioritizing R&D investments to enhance their product offerings with multifunctional nutritional profiles.

Consumer inclination towards preventive healthcare remains the key booster to growth of functional food ingredients market in APAC. A new research study of Future Market Insights (FMI) states that growing demand for natural functional food ingredients has been a remarkable trend that would further shape the sales of prebiotic ingredients. This is likely to be among the key factors influencing market growth in APAC.

Market Segments Covered in APAC Functional Food Ingredients Industry Analysis

By Ingredient Type:

  • Vitamins
  • Minerals
  • Prebiotic & Dietary Fibers
  • Probiotics
  • Carotenoids
  • Proteins
  • Omega-3 Fatty Acids

By Application:

  • Beverages
  • Dairy and Dairy-based Products
  • Bakery and Confectionary

By Country:

  • China
  • India
  • Japan
  • ASEAN
  • Australia and New Zealand
  • South Korea
  • Rest of APAC

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About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Natural Food Colors Market Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2033

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 judgments 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.

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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.

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 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.

“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.” Says an FMI Analyst.

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.

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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).

Get Valuable Insights into Natural Food Colors Market

Future Market Insights, in its new offering, provides an unbiased analysis of the natural food colors market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the natural food colors market based on pigment type (carotenoid, curcumin, anthocyanin, paprika extract, spirulina extract, chlorophyll, carmine) and functionality (dairy food products, beverages, packaged food/frozen products, confectionery and bakery products) across seven regions.

About the Food & Beverage Division at Future Market Insights

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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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

About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Collaborative Robots Market to be Valued at US$ 20.5 Billion from 2023 to 2033: Examination of Growth Factors, Challenges, and Emerging Trends

By the end of 2023, the global Collaborative Robots Market is expected to exceed US$ 2.2 billion. The collaborative robots market is expected to exceed US$ 20.5 billion by 2033, expanding at a staggering CAGR of 25.1% between 2023 and 2033, according to Future Market Insights. (FMI). Demand for collaborative robots is increasing due to the introduction of advanced robots capable of collaborating with humans in areas such as smart parts assembly and electronics component production and assembly.

Future Market Insights has released a new market research report on the Collaborative Robots Market, which includes a global industry analysis from 2014 to 2021 and an opportunity assessment from 2023 to 2033. The report investigates the collaborative robots market and provides critical insights from 2023 to 2033.

According to the report’s findings, the global collaborative robots market is expected to grow significantly over the forecast period, owing to multiple driving factors such as increasing automation in end-use industries, labour cost reductions coupled with high precision work, and high regional demand for collaborative robots.

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The East Asia Market Creating Significant Growth Opportunities

East Asia region is projected to boost the growth of collaborative robots market, owing to the significant rate of automation across industries. South Korea is the leading country in robots per 10,000-person ratio, whereas China has currently registered the highest growth rate in the same ratio. Inclination of these countries towards collaborative robots fueled with significant innovations in the technology is magnifying the market. Japan holds a major share of the market in the East Asia region. To that end, East Asia is expected to generate substantial growth opportunities in the forecast years.

Affordable Price and Multitude of Applications of Collaborative Robots Contributing to the Market Growth

The global collaborative robots market has been segmented based on the different types of payload capacities, their multiple applications, end use industry and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

  • Collaborative robots with payload capacity up to 5kg is projected to have the dominant share of growth in the upcoming years. Lightweight collaborative robots with payload capacity up to 5kg are being widely used for a range of applications. The segmental growth is followed by 5-10kg payload capacity collaborative robots.
  • On the basis of application, material handling is expected to hold a majority share of the global collaborative robots market which is implemented in a number of end-use industry. General assembly is another segment which is projected to have a fair share in the market growth.
  • Electronics and Semiconductors industry is projected to have significant share in the global collaborative robots market. Demand for high speed and precision work fulfilled by collaborative robots is benefitting the industry on a large scale.

How is the Surge in Demand for Automation in Industrial Processes to Favor the Collaborative Robots Market Growth?

As the fourth industrial revolution ‘Industry 4.0’ is set to take the entire manufacturing and supply chain by storm, industrial players are increasingly adopting efforts to increase their productivity, decline production time, and improve resource utilization through the integration of advanced technologies.

Increasing cost of labor even in traditional low-cost carrier (LCC) countries such as China and India is further encouraging manufacturing companies to adopt advanced automated technologies, especially across automotive and electronics sectors.

As collaborative robots enhance the pace of production and decline repetitive labor costs, they are increasingly gaining popularity in applications such as welding, painting, quality testing, and material handling among others, which is in turn, propelling the demand in the market.

Collaborative Robots Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global collaborative robots market. Few examples of key players in the market are Universal Robots A/S, AUBO Robotics, Denso Wave Incorporated, Fanuc Corporation, Stäubli International AG, Robert Bosch GmbH, KUKA AG, Precise Automation, Inc., ABB Group, Yaskawa Electric Corporation and K2 Kinetics among others.

The global collaborative robots market is significantly dominated by some players holding prominent shares of the market. These players are indulging into strategic alliances, collaborations, mergers and acquisitions. For instance, ABB Group announced a collaboration with Kawasaki Heavy Industries Ltd. to share knowledge and are working on joint technical and awareness opportunities.

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Competitive Landscape

Leading collaborative robots manufacturers are focusing on introducing novel products to strengthen their product portfolio. Besides this, some of the players are also aiming at collaboration, strategic partnership, merger, and acquisition with other companies to expand their global presence. For instance,

In March 2020, Universal Robots, a Danish manufacturer of smaller flexible industrial collaborative robot arms, announced launching New Cobot-powered fulfillment solutions at MODEX 2020 that demonstrate the use of collaborative robots to automate difficult-to-staff operations such as piece-picking and palletizing.

Collaborative Robots Market by Category

By Payload Capacity:

  • Up to 5kg
  • 5-10kg
  • Above 10kg

By Application:

  • Welding
  • Material Handling
  • Quality Testing/Inspection
  • General Assembly
  • Painting/Spraying
  • Others (Surgery, Cleaners, Institutional)

By End Use:

  • Automotive & Transportation
  • Electronics & Semiconductors
  • Food & Beverage
  • Chemical & Pharmaceutical
  • Logistics
  • Healthcare
  • Others (Plastic, Metal & Machinery, Furniture & Equipment

By Region:

  • Americas
  • EMEA
  • South Asia & Pacific
  • East Asia

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Table of Content

  1. Executive Summary | Collaborative Robots Market

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

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 favour 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
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