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The size of the ServiceNow tech services market was estimated at US$ 24.8 billion in 2023 and is projected to increase significantly, growing at a CAGR of 17.4% over the projection period of 2022–2032, to reach US$ 123.2 billion by 2033.

Over the course of the forecast period, market expansion is anticipated to be aided by the rising demand for ServiceNow tech services from the healthcare industry to address the heightened concerns connected to rising instances of security breaches. The major market participants offer products that assist healthcare facilities in better adhering to patient standards and laws.

Additionally, the market is growing as a result of the expanding use of these services by communication and media organisations to adjust to the always changing market, measure performance, and further optimise the metrics.

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The market is also anticipated to benefit from the increased usage of infrastructure-less solutions by business service providers to effectively manage various business areas. The business’s employees may simply access the ServiceNow platform via mobile devices or any other similarly connected system thanks to the robust cloud-based computing and storage.

Additionally, ServiceNow tech services offer the on-the-go feature for bill approvals, round-the-clock system upkeep, and service request inception.

The market for ServiceNow tech services is expected to continue expanding as a result of increased investment in these services, which offer quick access to performance metrics for an individual department or the entire company, generating financial insights for both performance and resource allocation.

Furthermore, as users of ServiceNow’s tech services innovate at scale, investigate fresh concepts, and realise value more quickly, the rapid digitization is expanding market potential.

Key Takeaways

• The East Asia ServiceNow tech services market is estimated to grow significantly, witnessing a CAGR of 16.8% between 2023 and 2033. The market is expected to be positively influenced by increasing investments by end-use companies to digitize their businesses. The key industry players residing in the region are emphasizing forming strategic partnerships to elevate their revenues.
• On the basis of service, IT services attained the largest market share, accounting for about 26.1% in 2021. This market valuation can be attributed to the growing demand for automation of internal processes in every department, thus empowering teams to complete the task and further drive innovation.
• By enterprise size, small offices (1-9 employees) are estimated to grow at a rapid pace over the forecast period, expanding at a CAGR of 17.9%. The growing adoption of ServiceNow tech services by small offices is backed by the rising emphasis of key players to create SME-specific ServiceNow tech services with effective pricing.
• By industry, the services segment attained the largest market share in 2021, representing 27.9% of the overall market. The heightened adoption rate of ServiceNow tech services to boost employees’ productivity, reduce compliance risks to a minimum, escalate business profitability, and quickly enlarge the customer base is aiding the market growth.

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Competitive Landscape

The ServiceNow Tech Services market size is anticipated to observe robust growth over the forecast period owing to abundantly emerging opportunities, completion of acquisitions, formation of partnerships, and technological advancements. Following are the companies providing ServiceNow Tech Services in the market, as identified by FMI:

• ServiceNow
• Broadcom Inc. (CA Technologies, Inc.)
• Epicor Software Corporation
• Hewlett Packard Enterprise
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Salesforce.com, Inc.
• SAP SE
• SYSPRO
• Zoho Corporation Pvt. Ltd.
• Others

ServiceNow Tech Services Market by Category

By Service, ServiceNow tech services market is segmented as:

• IT Services
• Portfolio Management Services
• IT Asset Management Services
• Enterprise Asset Management Services
• Governance, Risk, and Compliance Services
• Operational Technology Management Services

By Enterprise Size, ServiceNow tech services market is segmented as:

• Small Offices (1-9 employees)
• Small Enterprises (10-99 employees)
• Medium-sized Enterprises (100-499 employees)
• Large Enterprises (500-999 employees)
• Very Large Enterprises (1,000+ employees)

By Industry, ServiceNow tech services market is segmented as:

• Service
• Distribution Services
• Public Sector
• Finance
• Manufacturing and Resources
• Infrastructure

By Region, ServiceNow tech services market is segmented as:

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

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The net worth of the rapidly growing plant-based fish market is estimated to be around US$ 767 Million in the current year 2022. According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of plant-based fish are estimated to reach a value of US$ 1.3 Billion by 2032, surging at a 5.8% CAGR through the decade.

As health concerns about excessive meat consumption grow, consumers are turning to a variety of meat substitutes. This venture is primarily benefiting sales of plant-based fish products.

According to the report, there has been a 114% increase in mentions of vegan food and cooking worldwide in recent years, with 60% of vegans and 40% of vegetarians adopting this lifestyle in the last seven years. The future of plant-based foods is expected to remain extremely bright as a result of such promising trends, with a highly positive impact expected on plant-based fish demand as well.

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Furthermore, plant-based fish products are typically sold at premium prices, making them out of reach for consumers with low to moderate incomes. Extensive regulatory compliance as a result of obtaining multiple certifications frequently causes product launches to be delayed, resulting in limited availability for consumers across regions.

Key Takeaways from Market Study

• The market for plant-based fish products in the United States is expected to grow significantly in the coming years.
• Concern for the environment was cited by nearly a quarter of all UK citizens as the primary reason for switching to a plant-based diet.
• Burger patties are typically round and flattened servings of fish and other veg/non-veg products.
• Soy-based protein is naturally cholesterol-free and low in saturated fat, it is popular among people of all ages, including the elderly and those suffering from cardiovascular disease.
• As a result of changing lifestyles, hypermarkets and supermarkets have become the most popular distribution channels among consumers.

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“The demand for plant-based protein supplements has skyrocketed in recent years. With an increasing number of consumers worldwide adopting a vegan lifestyle, the global plant-based fish market is expected to grow rapidly,” says a lead analyst at Future Market Insights.

Competitive Landscape

As competition heats up, companies in the plant-based fish market are focusing on product launches to gain a competitive advantage. The presence of a plethora of manufacturers in the global plant-based fish market makes the landscape highly competitive in nature. Key manufacturers are actively pursuing a variety of expansion strategies, such as new product launches, acquisitions, partnerships, and other capacity expansion strategies.

• Beyond Meat Inc. announced a three-year strategic global agreement with McDonald’s Corporation in January 2021.

Some of the key players in the Plant-Based Fish Market include Gardein by Conagra Brands, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Kellogg’s, Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion GmbH, Glanbia plc, Fuji Oil Co., Ltd.

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Get More Valuable Insights

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

The study divulges compelling insights on the plant-based fish based on Product Type (Burger Patty, Fillets, Crumbles & Grounds), Source (Soy-based Protein, Wheat-based Protein), Distribution Channel (Supermarkets, Convenience Stores, Specialty Food Stores), Fish Type (Tuna, Crab, Shrimp), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

About Food & Beverage Division at Future Market Insights

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

About FMI

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

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The adoption of dinner Ready-to-Eat (RTE) food is expected to increase at a CAGR of 6.00% during the forecast period. The dinner Ready-to-Eat (RTE) food market size is anticipated to rise from US$ 14,692 million in 2023 to US$ 25,184.3 million in 2033.

One of the key factors driving market growth is the expanding food and beverage industry, which is accompanied by rapid urbanization. Furthermore, the growing working population and improved consumer lifestyles have increased global consumption of RTE food products.

Due to hectic schedules, on-the-go convenience food products that require minimal time and ingredients to prepare are becoming increasingly popular. Furthermore, the growing number of quick-service restaurants (QSRs) and the emerging café culture, combined with rising consumer spending power, are driving demand for dinner RTE food products.

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Manufacturers are releasing innovative flavored variants rich in functional ingredients to meet nutritional needs, which is also contributing to their widespread popularity among consumers.

Other factors, such as the growth of online retailing networks and aggressive promotional activities by vendors, are expected to drive the market even further.

Key Takeaways from the Dinner Ready-to-Eat (RTE) Food market

• The American ready-to-eat food market had the strongest dinner ready-to-eat food market share, accounting for 9.3% of the global market. The rising consumption of ready-to-eat foods, including frozen goods is to held responsible for the country’s growth. Given these foods’ low cost as well as their high quality and freshness, the dinner ready-to-eat food market in the United States is expanding.
• 3% of the market for dinner-ready food was accounted for by the Supermarkets & Hypermarkets category in 2022. The market for dinner ready-to-eat foods is expanding as a result of the convenience of finding various brands’ ready-to-eat foods in one place. Frozen food is offered at discount pricing by supermarkets in an effort to attract more customers.
• Rising urbanization, increased middle-class disposable income, and changing Indian consumer food habits all contribute to the market’s phenomenal growth of 29.7%. Furthermore, the increased demand for quick food, as well as the freshness and nutritional value of these items, is aiding the growth of the Indian ready-to-eat food market.
• The ready meals segment leads the global market with a 6.4% annual growth rate. Consumer demand for ready meals has boosted the growth of the dinner ready-to-eat food industry significantly. The rise in the working population, as well as the reduction in cooking time, has had a positive effect.

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Competitive Landscape

The manufacturers’ strategies for staying afloat in the dinner ready-to-eat food market include new product launches, portfolio expansion, strategic collaborations, and mergers. As a result of high industrial profitability, dinner ready-to-eat food market manufacturers have developed powerful competitive strategies, increasing competition among existing market players. As a primary market consolidation strategy, major dinner ready-to-eat food market players are focusing heavily on product innovation.

Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, and Hormel Food Corporation are some of the key players in the Dinner Ready-to-Eat Food Market.

Latest Developments

• The Kraft Heinz Company announced a secondary offering of shares of common stock (the “Offering”) in November 2021. Some affiliates of 3G Global Food Holdings LP (the “Selling Stockholder”) intend to sell 30,596,465 shares of common stock (“Common Stock”) in the Offering, which is subject to market and other conditions. The company will not accept any proceeds from the Offering.
• Tyson Foods, Inc. will launch a novel line of plant-based products under the brand First PrideTM in select retail markets and e-Commerce across Asia Pacific in June 2021. This is the first time the company has launched plant-based products in Asia, with the goal of making protein more accessible and affordable to more people around the world.

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Key Segments Covered in the Market Report

By Product Type:

• Instant Breakfast/Cereals
• Instant Soups and Snacks
• Ready Meals
• Baked Goods
• Meat Products

By Distribution Channel:

• Hypermarkets/Supermarkets
• Convenience Stores
• Online Retailers

By Region:

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

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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According to Future Market Insights, the dry yeast market will expand at 7.0% CAGR by 2030. Growth is underpinned by rising awareness about the importance of nutrition-enhanced animal foods. As pet ownership rises, consumers are looking for healthier food options. Dry yeast helps achieve this objective. They assist in improving digestion and reduce the risk of diseases.

More recently, veganism has dictated dietary preferences, owing to growing environmental degradation concerns posed due to production of animal-based foods. Additionally, vegan feeds are richer in nutritional content and improve feed quality. This shifting consumer trend is compelling manufacturers to incorporate dry yeast in animal feed production.

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Palatability is an important factor while selecting animal feeds. Dry yeast helps in this regard by imparting an umami taste, thereby indulging the sensory experience of animals. Based on these trend, the dry yeast market will experience a major uptick across the aforementioned forecast period.

Key Takeaways from FMI’s Dry Yeast Market Report

• Active dry yeast shall be the most extensively used culture to enhance pet feeds in the forecast period
• Rising veganism trends are accelerating organic dry yeast usage
• Global dry yeast market shall surpass US$ 40 Mn by 2020-end
• Dry yeast market has transitioned from being a niche market to a mainstream market
• Europe shall emerge as a revenue powerhouse of the dry yeast market, attributed to surging awareness about healthy foods

Dry Yeast Market- Key Trends

• Rising preference for clean label ingredients by consumers shall underpin dry yeast market growth in the forecast period
• Humanization of pets is bolstering appetite for high quality and premium pet food options, providing traction to the dry yeast market
• Blanket ban on antibiotics usage in animal feeds is auguring demand for dry yeast as an effective substitute
• High prices of yeast-based feeds renders them unaffordable to low and middle-income consumers, restricting growth prospects

Dry Yeast Market- Regional-wise Analysis

• Europe to spearhead the global growth, with France & Germany being primary revenue generators
• Rising demand for clean label foods is stimulating the European dry yeast market growth
• North America accounts for over 1/5^th revenue share, exhibiting a CAGR of 6.1% from 2020-2030
• India accounts for 13% of the total dry yeast usage in animal feeds in the Asia-Pacific market

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Dry Yeast Market- Competitive Landscape

Prominent players in the dry yeast market include Bellarise, SAF Instant Yeast, ADY, Kerry Group, ADM, Sensient Technologies Corporation, Associated British Foods, Red Star Active Dry Yeast and Titan Biotech Ltd., to name a few. These players are concentrating on introducing new products to enhance their product portfolio.

Titan Biotech, for instance, manufactures the Yeast Extract Powder Type 1 for usage in non-alcohol based foodstuffs. Likewise, ADM Animal Nutrition introduced yeast protein for animals in 2018. Recently, in 2020, it also launched the NutriPass L encapsulated lysine supplement for bovine animals, especially for lactating cows and growing cattle.

Dry Yeast Market Taxonomy

Product Type

• Active Dry Yeast
• Inactive Dry Yeast

Form

• Powder
• Flakes
• Tablet Capsule

Base

• Fortified
• Unfortified

Nature

• Organic
• Conventional

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Get Valuable Insights into the Dry Yeast Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global dry yeast Market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the dry yeast market, allowing readers to glean qualitative and quantitative information which will enable them to take informed market decisions in the upcoming forecast period.

Dry Yeast Market Outlook & Key Findings

• Dry yeast market is estimated to be grow at a CAGR of 6.9% during the forecast period 2020-2030
• Pet owners have become increasingly conscious about health & well-being of pets captivating towards organic formulations, unfolding growth opportunities for dry yeast market
• Increasing demand for vegetarian and vegan pet food in European countries
• From being product belonging to a niche segment, dry yeast has transitioned to one of the top performing category in the animal feed industry.

About FMI

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

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The global seed treatment materials market is expected to be valued at US$ 2.6 Billion in 2022. As the world’s population grows, so does the demand for food security, particularly in developing and impoverished countries. These are the main aspects that are expected to fuel market growth over the forecast period, the overall demand for Seed Treatment Materials is projected to grow at a CAGR of 9% between 2022 and 2032, totaling around US$ 6.8 Billion by 2032.

Globalization will be a development engine in low-income nations, providing a significant boost to agricultural methods. Until recently, the annual growth rate of agricultural production was roughly 3%. Agriculture output has increased at a quicker pace of 4-6% each year as a result of globalization. The industry will see increased demand in Asia Pacific as well. Growing knowledge of the benefits of biological seed treatment materials will drive expansion in the region’s high-potential markets. One important factor to note is that the worldwide seed treatment industry is characterized by considerable capital investment, particularly in developed regions.

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The expanding agriculture sector and increased research and development efforts in the field of seed treatment are expected to drive seed treatment market expansion. Increased adoption of modern agricultural methods to fulfill changing global demand is also projected to boost market expansion. Furthermore, increased health-conscious customer demand for nutritious fruits and vegetables is likely to boost seed treatment market expansion.

Adoption of new technologies for the application of seed treatment chemicals is predicted to be a prominent market development. Syngenta, for example, will debut the TYMIRIUM technology platform trademark in May 2020. It is a revolutionary nematicide and fungicide technology that is being developed for both seed and soil applications. TYMIRIUM technology offers long-term protection against a wide range of nematode pests and illnesses in all major crops and geographies.

Key Takeaways from the Market Study

• From 2017 to 2021, the market demand expanded at a CAGR of 9%
• By crop type, Sugar beets & vegetables dominates the market in 2022.
• By treatment method, the biological seed treatment constitutes the bulk of market share in 2022
• By 2032, the market value of Seed Treatment Materials is expected to reach US$ 6.8 Billion
• Europe to be a significant contributor to the Seed Treatment Materials market revenue landscape.

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Technological advancements that enable efficient manufacturing, product portfolio expansion, sophisticated design and packaging, effective operational maintenance, and sales monitoring are positively influencing the growth of Seed Treatment Materials in the global market, remarks an FMI analyst.

Competitive Landscape

Companies are focusing their efforts on new product launches, mergers, and acquisitions, all of which aid in increasing market share. The development of bio-based seed treatment solutions offers great growth potential over the forecast period, with benefits such as environmental sustainability and reduced product development and launch costs. Some of the recent developments among the key players are:

• In January 2021, Corteva Agriscience opened a new Centre of Seed Applied Technologies (CSAT) in south-west France, which is involved in seed treatment, including Lumiposa and Lumivia for insecticide seed treatment control, Lumisena and Lumflex for fungicide seed treatment control, and Lumidapt, a seed-applied growth nutrition for all hybrid crops.
• In December 2020, BASF introduced three new soybean seed treatment solutions, Vault IP Plus seed treatment, Poncho XC seed treatment, and Relenya seed treatment.

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Know More about What the Seed Treatment Materials Market Report Covers

Future Market Insights offers an unbiased analysis of the global Seed Treatment Materials Market, providing historical data for 2016-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Seed Treatment Materials market, the market is segmented on the basis of crop type, treatment type, form, coating type and application across six major regions.

About the Food and Beverages Division at Future Market Insights

The food and beverages team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About FMI

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

Contact Us:

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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The global licorice candy market is expected to reach a market valuation of US$ 232 million by the year 2022, accelerating with a CAGR of 6.1% by 2022-2032. The global market value for Licorice Candy grew at a CAGR of roughly 3.7 percent over the last half-decade.

Licorice is a perennial favorite for candy lovers of all ages. The combination of sweet and salty, with a touch of anise flavor, makes it unique and addictive. But what is behind the licorice candy trend?

One reason may be that it is one of the oldest candies around. Licorice has been enjoyed for centuries in Europe and Asia. It also has some health benefits – licorice root is a natural detoxifier and can help soothe stomach problems.

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Another factor may be its versatility. Licorice can be flavored in many different ways, from sweet to savory, which means there is something for everyone. And finally, it has a long shelf life, making it ideal for stocking up on during times of scarcity.

To attract their younger clients, manufacturers are using premium offerings. Corporations experiment with ingredients, but they also place a lot of focus on packaging in an effort to position their goods as opulent.

Key Takeaways from Market Study

• Future Market Insights (FMI) projects the global licorice candies market to surpass US$ 439 million by 2032.
• The licorice candy market is having a value of US$ 232 million in 2022.
• While traditional licorice lovers are likely to exhibit demand for red and black varieties, newer users desire innovations in flavors, size, and texture
• Clean label licorice candies are likely to sweep the market. Citing this, FMI projects the licorice candy market to rise at 5.7% CAGR between 2020 and 2030.
• Better acceptance to holistic benefits of licorice candies from the medical community and its prescription will give considerable impetus
• FMI expects entry of established and large F&B companies in the market over the span for the next three years.

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Competitive Landscape

Some of the most popular licorice brands include Twizzlers, Red Vines, and Black licorice jelly beans from Jelly Belly. These brands offer a variety of flavors and textures, allowing consumers to find the perfect one for their taste buds. In addition to classic black licorice, some variations include cherry, grape, and blueberry flavors. Licorice candy is becoming more popular as a standalone snack or as an ingredient in recipes.

In 2018, Darrell Lea developed a mixed fruit variety, featuring bite-sized licorice candies of mango, strawberry, and apple flavors. There is also demand for bold flavors, contrary to the traditionally milder taste of licorice.

Evolving consumer taste for instance encouraged Hershey to introduce Twizzlers, which our sour mini twists in March 2018. The company also introduced sweet and sour filled bites and twists in citrus punch and cherry kick flavors.

A year prior to this, Darrell Lea launched sugar-free varieties of quintessential black and red licorice to help consumers reduce sugar intake. While the product launches may have hit a little slack due to the ongoing crisis caused by the COVID-19 outbreak, innovations are likely to remain a chief factor driving the market in the forthcoming years.

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

The study offers compelling insights based on product type (Original Black Licorice, Fruit Flavored Candy, Apple, Anise, Grape, Cinnamon, Grape), Nature (organic and conventional), and Sales channels (Restaurants and Hotels, Schools and Institutions, Recreational, Sports Centers and Retail Sales Channels) across seven major regions of the world.

About Food & Beverage Division at Future Market Insight

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

About FMI

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

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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The global deodorization systems market size is expected to reach US$ 5.2 Billion by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 3.4% CAGR between 2020 and 2030. According to the report, the market is anticipated to grow in the forecast period owing to improvements in the quality of deodorization system coupled with the increasing demand of the deodorizers from oil industries.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Some of the players operating in the global deodorization systems market include Desmet Ballestra (Belgium), Gianazza International S.p.A. (Italy), Crown Iron Works (US), DVC Process Technologists Pvt. Ltd. (India), Alfa Laval AB (Sweden), Zhengzhou Sunshine Machinery Co. Inc. (China), and Gianazza International S.p.A. (Italy). The manufacturers are highly focused on taking development and marketing strategy to boost this market’s growth.

During the forecast period, the chemical refining segment is expected to hold the largest share in the deodorization systems market as it is a fairly efficient method of reducing the fatty acid content in crude oil with higher boiling point.

This process is used to treat high free fatty acid content in the oil. Chemical refining is performed to extract the fatty acids from the crude oil that are then neutralized using caustic soda. It results in batch settling or centrifugal separators separating the sodium soaps. Then, the neutral oils are bleached and deodorised.

It includes in-depth insights into the deodorization systems market. Some of these are:

• The estimated value of the market was at US$ 3.7 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia Pacific accounts for the largest share in the global deodorization systems market due to the high industrial growth potential and industry favorable policies.
• The growth in manufacturing sector and upcoming demand for hybridization of algal oils with regular oils is likely to showcase growth opportunities for the deodorization system market during the forecast period.
• In the near future, the continuous segment will account for maximum share in the global demand for deodorization systems.
• Rising equipment exports and increased demand for edible oil are some of the main factors that will increase the growth of this market in the near future.

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Variation in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

As the coronavirus outbreak continues to develop, now is the time for food and beverage companies to consider response actions to help mitigate their risk and prepare for how they will deal with the fallout from the coronavirus. An effective plan should include establishing an interdisciplinary crisis response team to identify, assess and manage the risk presented. The team should include personnel from purchasing, operations, quality, regulatory, finance and legal. Coronavirus outbreak had a considerable impact on consumption pattern of buyers. This will invariably impact growth forecasts for the market.

Who is Winning?

Some of the players functioning in the global deodorization systems market include Desmet Ballestra (Belgium), Gianazza International S.p.A. (Italy), Crown Iron Works (US), DVC Process Technologists Pvt. Ltd. (India), Alfa Laval AB (Sweden), Zhengzhou Sunshine Machinery Co. Inc. (China), and Gianazza International S.p.A. (Italy). The manufacturers are highly focused on implementing creation and marketing strategy to stimulate this market’s growth.

Besides that, mergers and acquisitions continue to be a common strategy among market players. With strategic partnerships, corporations plan to extend their regional footprint.

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DEODORIZATION SYSTEMS MARKET TAXONOMY

The global Deodorization Systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Component

• Pumps
• Towers
• Coolers
• Oil & Management Systems
• Tanks

Technology

• Thin Film
• Packed Column

Refining Method

• Physical Refining
• Chemical Refining

Edible Oil

• Soybean Oil
• Olive Oil
• Peanut Oil
• Canola Oil
• Sunflower Oil
• Palm Kernel Oil
• Cottonseed Oil
• Coconut Oil
• Palm Oil

Operation

• Batch Deodorization Systems
• Semi- Continuous System
• Continuous Deodorization Systems

Region

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

KEY RESEARCH FINDINGS

• Deodorization systems help in refining edible oils and fats. It’s a multi-step process which includes oil desecration, heating and cooling, deodorization-de acidification, and vapour scrubbing systems
• Coconut oil, palm oil, olive oil, mustard seed oil, peanut oil, soybean oil, and sunflower are some of the oil which can be refined by deodorization process
• Key factors contributing to the growth of the global deodorization systems market are growing environmental issues, rising industrialization, increasing market awareness and the inclination of producers towards cost-effectiveness
• The chemical processing industry is expected to account for the leading share in the global deodorisation systems market
• Among edible oil types, palm oil accounted for higher share the global deodorization systems market.
• The Asia Pacific market is expected to rise at the highest CAGR due to the remarkable expansion of the food and beverage and industry in countries such as India, China, Indonesia, Vietnam, South Korea, Thailand and Malaysia.

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The global Blockchain in agriculture market size is expected to reach US$ 2068.5 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 41.00% CAGR between 2019 and 2029. According to the report, increasing cases of food contamination and food scams in the agricultural sector giving rise to growth of transparent supply chain methods; this factor is expected to act as a driver for the market growth.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations. According to the FAO, about one-third of the food produced worldwide is wasted each year, which calls for a need to estimate and control the real supply and demand of food items so that they reach the poor. These problems can be tackled easily and efficiently using the blockchain network.

It includes in-depth insights into the blockchain in agriculture market. Some of these are:

• The estimated value of the market was at US$ 66.6 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia Pacific is a leading producer of farm products and foodstuffs. Which means the risk of food contamination and fraud in the supply chain in this area is higher.
• The majority of Asia-Pacific countries export their food products to other nations. For example, most Asian countries export fruits and vegetables to European countries, as the highest food traceability requirements in this area are being witnessed.
• During the forecast era, the application and solution provider segment is expected to rise to the highest CAGR.
• The hacking and piracy of information available on blockchain networks is likely to curb business growth.
• In terms of provider, the middleware provider segment is forecast to remain dominant through the course of the report’s forecast period.

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Production and Distribution Impacted Due to COVID-19 Outbreak

A preliminary picture of the aftermath emerges with the global pandemic of COVID-19 causing an ongoing crisis, of late. Stay-at-home orders and full lockdowns that initially resulted in a sudden increase in the blockchain consumer footprints on the agricultural sector, culminating in many logistical challenges and then a normal sales drop. Market scenes of growth, distribution, sales, and import-export are thus largely hampered. The novel coronavirus epidemic has undoubtedly led to a slump in sales, not because of the scanty stock but because of the disconcerted production and distribution chains.

Who is Winning?

The key players in the global blockchain in agriculture market include BM (US), Microsoft (US), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (US), VeChain (China), Provenance (UK), ChainVine (UK), AgriDigital (Australia), and BlockGrain (Australia).

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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BLOCKCHAIN IN AGRICULTURE MARKET TAXONOMY

The global Blockchain in Agriculture market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Provider

• Application and solution provider
• Middleware provider
• Infrastructure and protocol provider

Application

• Product traceability,  tracking, and  visibility
• Payment and settlement
• Smart contracts
• Governance, risk and compliance management

Organization size

• Large enterprises
• Small and medium-sized (SMEs) enterprises

Region

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

Blockchain In Agriculture Market – Key Research Findings

• The blockchain in agriculture market will surge at a remarkable CAGR of 41.0% between 2019 and 2029.
• The large enterprises segment dominated the blockchain in agriculture market.
• The product traceability, tracking, and visibility segment held the largest share, and it is expected to remain dominant through the forecast period owing to factors such as an increase in investments for food safety and transparency along the supply chain and consumer demands for the knowledge of the provenance of food products.
• North America accounts for the largest share of the global blockchain in the agricultural market owing to the presence of major companies such as IBM and Microsoft in the U.S.
• Increasing investment from various stakeholders and government to support exploration and adoption of new technologies is expected to drive the blockchain in India’s agricultural market.

About FMI

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

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The global powder induction and dispersion systems market size is expected to reach US$ 3210.1 Mn by the end of 2029. According to the report, market is expected to expand rapidly in the target market in the coming years due to rapid industrialization, which in turn increases demand for powder induction and dispersion, supports revenue growth for powder induction and dispersion. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Powder induction and dispersion system is a highly efficient and versatile powder system that helps remove the formation of dust which may contaminate food products. This therefore makes the environment around the machine clean and safe  hence saving money by reducing the loss of power. Preferably these systems are used for processing nutrients of all kinds.

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As COVID-19 spreads around the world, the powder induction and dispersion systems market will continue to experience disruption. In addition, evidence of global supply chain issues can be seen as year-to-date imports. The supply of these goods will suffer as demand is likely to drop in response to the curbs implemented to contain the spread of the virus.

Shutdowns Due to COVID-19 Outbreak will Negatively Impact Growth

Coronavirus outbreak has resulted in sharp decline in consumer demand which in turn, will adversely affect the powder induction and dispersion systems market. Manufacturers expected to get hit the worst. The manufacturers are also expected to sustain or grow sales in the coming months. Lower shopping activity as a result of shutdowns is anticipated to negatively affect demand. Difficulty in obtaining goods or needing to source them from countries with higher production costs can dampen demand for wholesalers of this market.

It includes in-depth insights into the powder induction and dispersion systems market. Some of these are:

• The estimated value of the market was at US$ 1890 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia-Pacific powder induction and dispersion systems market is estimated to grow at a healthy pace.
• China and India are expected to hold considerable share in terms of revenue in the Asia-Pacific market over the forecast period.
• In-line mixing type is projected to witness the fastest growth during the forecast period owing to the availability of aftermarket solutions.
• Increasing use of conventional power induction technology in different industries restrains this market development.
• Growing demand for powder induction and dispersion systems in various applications coupled with the presence of manufacturers in countries in the region are some of the factors anticipated for fuel growth in the Asia Pacific market for powder induction and dispersion system market.

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Who is Winning?

Some of the major players operating in global powder induction and dispersion systems market are Admix Inc., Axiflow Technologies, Charles Ross & Son Company, Hayward Gordon Group, IDEX Corporation, IKA Werke GmbH, John Bean Technologies Ltd., Joshua Greaves & Sons Ltd., Noritake Co. Ltd., Silverson Machines Inc., SPX Flow and Ystral GmbH.

Major industries are estimated to be government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences. These industries have an established base resulting in stable market demand. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

POWDER INDUCTION AND DISPERSION SYSTEMS MARKET TAXONOMY

The global Powder Induction and Dispersion Systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Application

• Food & beverages
• Pharmaceuticals
• Cosmetic and personal care products
• Chemicals

Type of Mixing

• In-tank mixing
• Inline mixing

Process

• Continuous
• Batch

Region

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

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Powder Induction and Dispersion Systems Market – Key Research Findings

• The global market is expected to reach US$ 3210.1 Mn by the end of 2029.
• The continuous processing segment is projected to account for a largest share in the market in terms of revenue in the coming years.
• The in-line segment based on the mixing method is projected to exhibit the highest growth over the forecast period.
• The pharmaceuticals segment is expected to lead the market, based on application.
• Recent developments and advancements in material and device dispersion techniques are projected to create lucrative growth opportunities over the forecast period.
• North America is estimated to have the largest share over the forecast period, while the Asia Pacific market is expected to expand at the highest CAGR.

About FMI

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

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Extensive restrictive measures set up by governments around the world to combat the global coronavirus outbreak are creating logistical challenges for the bottled water processing equipment sector. While this is creating new bottlenecks in the sector, consumers continue to prefer stockpiling of essential commodities. This remains the key factor sustaining demand for bottled water even during the global COVID-19 crisis.

Global bottled water processing market has been projected to reach the valuation of over US$ 392 Bn between 2019 and 2029, as indicated by a new Future Market Insights (FMI) report. Bottled water processing activities will remain strong amid the pandemic, as a lack of adequate clean drinking water continues to be a critical problem across several economies.

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“A key factor driving growth of the global bottled water processing market is the rising demand for high-quality water from consumers with health concerns during the pandemic. Further, attractive packaging and product launches offered by leading players are likely to aid growth in the market,” says the FMI analyst.

Key Takeaways of Bottled Water Processing Market Study

• Sales of still water will continue to hold the lead for drinking water applications, while demand for sparkling water is witnessing a higher growth rate.
• Demand for PET bottle packaging is set to remain significant owing to lower costs and durability.
• Reverse osmosis applications will hold pole position, while ultrafiltration will gain ground as a lucrative application area during the forecast period.
• Asia Pacific will hold a major share of the global bottled water processing market, driven by rapid population growth and extensive contamination of drinking water resources in the region.

Bottled Water Processing Market – Key Growth Factors

• High consumption of bottled water and tech advances in processing equipment are the primary factors sustaining growth through the forecast period.
• Changes in government policies towards water resources drive the market growth through the forecast period.
• Rising awareness among consumers on water and wastewater treatment procedures and importance of essential resources support demand.
• New flavored product launches for millennial consumer demographics will support the market growth through 2029.

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Explore the full bottled water processing market report with 112 illustrative figures, 128 data tables and table of contents.

Bottled Water Processing Market – Key Restraints

• High capital requirements for the development of new production facilities hinder market growth.
• Environmental concerns of associated with the production of bottled water, and pollution from plastic bottle waste is having a negative impact on the market.

Impact of COVID-19 on Bottled Water Processing Market

While the COVID-19 virus continues to spread rapidly, the global demand for bottled water is anticipated to stay high. In addition, the growth in demand is also supported by government initiatives to provide populations in remote locations with essential commodities under the lockdown period. The outbreak is expected to generate bottlenecks owing to supply chain disruptions.

The demand for bottled water is unlikely to go down during the pandemic, sustaining sales in the market. Stockpiling activities by consumers would create temporary shortages of bottled water but creating lucrative opportunities in the near future.

Competitive Landscape of Bottled Water Processing Market

Some of the major companies profiled in this FMI report include, but are not limited to, Axeon Water Technologies, Pall Corporation, NorlandInternational Inc., Dow Chemical Co., Seychelles Environmental Technologies Inc., Velocity Equipment Solutions Inc., General Electric, and Liquid Packaging Solutions Inc. Players in bottled water processing market are leveraging consumer concerns about chemical pollutants, and the lack of legislation for the protection of safe drinking water around the world.

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BOTTLED WATER PROCESSING EQUIPMENT MARKET TAXONOMY

The global Bottled Water Processing market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Equipment

• Filter
• Bottle washer
• Filler & capper
• Blow molder
• Shrink wrapper

Technology

• RO
• UF
• MF
• Chlorination
• Washing
• Filling

Application

• Flavored water
• Mineral water
• Still water
• Spring water

About FMI

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

Contact Us:

Future Market Insights Inc.
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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