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Anticipated Dominance of Anthocyanin Food Colors in 2032 with Projected Market Value of USD 515 Million – Future Market Insights Inc.

Anthocyanin food colors market is witnessing substantial growth due to the rising demand for natural food additives. These plant pigments, found in fruits and vegetables, are gaining popularity as a healthier alternative to synthetic dyes. Consumers are increasingly seeking clean-label products, propelling the demand for anthocyanin food colors across various industries like beverages, confectionery, and dairy.

The global market for anthocyanin food color is predicted to reach a market worth of close to USD 323 million by the year 2022, growing at a CAGR of 4.8% between 2022 and 2032, according to the Anthocyanin Food Colors Market research. In the global market for natural food color, which was estimated to be worth US$ 1.6 Bn in 2021, anthocyanin food color sales accounted for about 18.89% of total sales.

Anthocyanins are a very popular and diverse food colorant type, in relation to their pH, they may appear blue, red, purple, or black. Food plants that are anthocyanins-intensive are black rice, blueberry, raspberry, and black soybean, among many others that appear purple, red, blue, or black. They are found in the cell vacuole, mostly in flowers, vegetables, and fruits, but also in leaves, stems, and roots.

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Organic anthocyanin attaches health benefits like reducing the risk of heart disease and respiratory disorders. This has impelled the consumption of the anthocyanin market. The anthocyanin food color market is driven by its rising demand in food and beverage industries owing to its functional properties such as being anti-allergic, anti-microbial, anti-inflammatory, and antioxidant.

There is no conclusive evidence that anthocyanins have any effect on human biology or cause any diseases, hence are widely applied in the food industry. Anthocyanins’ restorative remedial properties, derived from their antioxidant, neuroprotective, and anti-malignant growth properties, have made them conducive for use in pharmaceutical products.

Key Takeaways from the Market Study

The overall anthocyanin food colors market is anticipated to grow at a rate of 8% on American continents. The US anthocyanin market contributes over 32% of the global Anthocyanin food colors market.
The European anthocyanin food colors market is currently pegged at approximately 1500 metric tons by volume and USD 75 mn by value. The demand for anthocyanin Food Colors is about to grow at 9% CAGR between 2022 and 2032 in this region.
The Asia-Pacific region is poised to be the fastest-growing anthocyanins market owing to the augmenting demand for natural colorant food and beverage and personal care products.
By application, the beverages industry holds command over the highest market share of 25%, followed by the bakery, snacks, and cereals segment and then the dairy industry. It is used as a coloring agent in cakes and bakes and in dairy products like ice creams, yogurt, etc.
When compared to synthetic colorants, anthocyanins have lesser stability, which is a major restraining factor for market expansion. Another problem impeding the market’s pace is the product’s higher cost when compared to its competitors.
Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main driver for sales of natural food colors like anthocyanin across global markets. Rising urbanization and government policies that encourage the use of natural food colors across industries are expected to fuel the anthocyanin market even further.

“Anthocyanin food colorant producers should consistently innovate and adopt creative strategies to scale in an already booming market dominated by numerous players. Manufacturers should also strive to make plant-based food colors like anthocyanin more affordable to food processing industries. Larger companies would profit significantly by diversifying their range on anthocyanin color pallet and by targeting the artisanal wine and craft beer market,” says a Future Market Insights analyst.

Competitive Landscape

Food colorant producers are intensively focusing on market research techniques and cost-cutting procedures in order to make anthocyanin food colors accessible for the food processing industry. These manufacturers also participate in various strategic alliances with leading food brands around the world to increase the reach of their products.

Some of the leading market players in the Anthocyanin food colors market are Chr. Hansen Holding A/S, Kalsec Inc, Sensient Technology Corporation, Symrise A.G., Archer Daniels Midlands Co., Naturex S.A., DDW, among others. The aforementioned firms hold market dominance over more than 65% of the anthocyanin food colors market. Hence, the Anthocyanin food colors market leans towards the consolidated phase.

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Anthocyanin Food Colors Market by Category

By Nature, the Anthocyanin food colors market is segmented as:

Organic
Conventional

By Application, the Anthocyanin food colors market is segmented as:

Bakery & Confectionery Products
Beverages
Fruit Preparations/ Fillings
Dairy Food Products
Potatoes, Pasta, and Rice
Soups, Sauces, and Dressings
Meat, Poultry, Fish, and Eggs
Seasonings
Others

By Source, the Anthocyanin food colors market is segmented as:

Black Carrot
Berries (Elderberry, etc.)
Purple Corn
Red Sweet Potato
Red Radish
Others

By Product Type, the Anthocyanin food colors market is segmented as:

Cyanidin
Malvidin
Delphinidin
Pelargonidin
Petunidin
Others

By end-user industries, the Anthocyanin food colors market is segmented as:

Food Industry
Personal Care Industry
Others

By Region, the Anthocyanin food colors market is segmented as:

North America (U.S., Canada, Mexico)
Latin America (Brazil, Argentina, Chile, Peru, Bolivia)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia), Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa), India
Asia-Pacific (China, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Oceania (Australia, New Zealand)

About Future Market Insights (FMI)

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

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Folding Gluing Machines Market is Expected to Rise to US$ 984.7 Million by 2033 | FMI

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

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

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

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

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

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

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

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

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

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

Competitive Landscape.

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

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

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

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Latest Developments

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

Key Segments Covered in the Folding Gluing Machines Market Report

Folding Gluing Machines Market by Machine Type:

Automatic Folding Gluing Machines
Semi-Automatic Folding Gluing Machines

Folding Gluing Machines Market by Fold Type:

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

Folding Gluing Machines Market by End User:

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

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Ginseng Extracts Industry: Understanding Growth Trajectories, Trends, and Projections Towards 2032

The global Ginseng Extracts Market is experiencing substantial growth due to the increasing demand for herbal and natural remedies. Ginseng, a popular medicinal herb, is known for its numerous health benefits such as boosting energy levels, improving cognitive function, and enhancing the immune system. The rising prevalence of chronic diseases and a shift towards healthy lifestyles are further driving market growth.

The global ginseng extracts market is set to witness rise at a CAGR of 7.7% and top a valuation of US$ 565.6 Million in the time period of 2032. Ginseng being an herbal supplement, is used to make functional foods with the extract of its plant root containing active elements called ginsenosides.

The product thus naturally has anti-inflammatory and antioxidant qualities, which help in improving brain function, strengthening immune system of the body, improving erectile dysfunction, and fighting lethargy.

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Key Takeaways from Market Study

The ginseng extracts market is worth of US$ 269.4 Mn sales in 2022.
The ginseng extracts market is expected to expand at CAGRs of 7.7% through 2032.
Global ginseng extracts demand is projected to grow year-on-year (Y-o-Y) growth of 7.3% in 2022.
The ginseng extracts market is growing with a notable boost towards the production to reach USD 565.6 Mn by 2032.
Innovative applications, research formulations, and medicinal properties are the factors driving growth of Ginseng Extracts market to be the influencing factors among consumers, which is driving sales of ginseng extracts across global markets.
Demand for ginseng extracts grew at 6.4% CAGR between 2017 and 2021.
Korea Ginseng Corp., Clariant, Korean Ginseng Export Corporation, RFI Ingredients, Inc, and Ilhwa Co., Ltd. are expected to be the top players in the industry.
Siberian ginseng type with capsule form segment of ginseng extracts are in heavy demand from beverage industry carrying a notable market share.

Further, the product can be used to treat different types of cancer, as well as the treatment of swine flu, anemia, diabetes, gastritis, asthma, and fever. Whereas Panax ginseng extracts is a great deal for the intestinal tract, but the efficacy and quality may vary as per the bioavailability, and the form in which the product is consumed, because when consumed orally, ginsenosides are hard to break down with liver enzymes or gastric juices alone.

However, when the product reaches in the intestine, it is fermented into metabolites inside the colon with the help of gut microflora which are more bioavailable, thus improving energy levels and balancing the metabolism process of the body. As a result, improving digestive system due to the medicinal properties of the product is driving the ginseng extracts market forward as a supplement to the food and beverage industry.

“Ginseng extract induces the functional properties in food products, such as anti-oxidative, anti-obesity, anti-stress, anti-inflammatory, anti-viral, and even anti-cancer properties, which is likely to drive consumption of the product as an additive in the food and beverage industry with growing demand for functional foods, where key industry players are continuously seeking natural ingredients for healthy foods segments, which is likely to provide new market avenues for ginseng extracts,” says a Future Market Insights analyst.

Competitive Landscape

Key ginseng extracts brands are looking for new strategic partnerships to develop the applications in food and beverage industry, as well as cosmetics and personal care industry, while core business brands are focusing on supplying nutritional and high quality solutions to customers consuming ginseng extracts with several product innovations.

On 22^nd January 2019, supplier of rare plant extracts, Botalys announced to launch Panax ginseng powder as the most bioactive ingredient in the market, termed as HRG80. Ginseng extracts, used as stress reducing agent, considered to be the king of adaptogens by the company. New product launches under the scheme is featuring various innovative forms including nutritional bars, chocolates, soft chews, chewing gums, gummy bears, burgers, juices, coffee, ready-to-drink (RTD) beverages, tea, and granola.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Ginseng Extracts 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 (American ginseng, oriental ginseng, Siberian ginseng, Asian ginseng, and others), form (powder, liquid, tablet, capsule, gel, and others), and application (food & beverages, nutraceuticals & dietary supplements, pharmaceutical, cosmetics & personal care, and others), across seven major regions of the world.

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Ginseng Extracts Market by Category

By Product Type:

American Ginseng
Oriental Ginseng
Siberian Ginseng
Asian Ginseng
Others

By Form:

Powder
Liquid
Tablet
Capsule
Gel
Others

By Application:

Food & Beverages
Nutraceuticals & Dietary Supplements
Pharmaceutical
Cosmetics & Personal Care
Others

By Region:

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

About Future Market Insights (FMI)

Contact FMI:

Portable Fridges Market Projected to Reach USD 3,385.9 Million by 2033: Sales to Surge with 6.4% CAGR | FMI Reports

The portable fridges market size is projected to be valued at USD 1,813.6 million in 2023 and is expected to rise to USD 3,385.9 million by 2033. The sales of portable fridges are expected to grow at a significant CAGR of 6.4% during the forecast period.

Expansion Driven by High-End Vehicle Demand: The global market is experiencing growth primarily due to the increasing demand for cold storage systems in high-end vehicles.
Consumer Preferences Shift: There is a notable shift in consumer preferences towards mobile homes, which are being considered as an affordable alternative by first-time homeowners and frequent travelers.
Market Growth Propelled: These trends are collectively propelling market growth, as more consumers invest in mobile homes equipped with advanced cold storage solutions.

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Portable mini fridges are used for energy-efficient cooling and keeping food fresh while on the go. In line with this, rising demand for high-capacity mini-fridges for storing temperature-sensitive pharmaceuticals with specific storage requirements is fueling market growth.

Various product innovations, such as the introduction of variants with adjustable automatic battery protection systems to prevent vehicle battery rundown, are helping to drive market growth.

Other factors expected to drive market growth include an increasing preference for outdoor reactionary activities such as outings, picnics, camping, trekking, and adventurous road trips, as well as the widespread adoption of mini fridges in premium and luxury hotels for improved customer experience.

Key Takeaways from the Portable Fridges market

United States dominated the portable fridge market in 2020, accounting for 80.1% of market share. Increased millennial participation in outdoor recreational activities, combined with the hospitality sector’s strong foothold, including hotels, is expected to remain a key factor driving the portable mini fridge market.
The online segment is expected to grow at a CAGR of 7.0% over the forecast period of 2023-2033. Consumers are increasingly turning to e-commerce websites for the purchase of electronics, including mini-fridges, as they can offer a wide range of products at special pricing and great discounts.
In 2022, the offline distribution channel was the most significant, accounting for more than 71.5% of global revenue. To cater to the vast customer base, major manufacturers in the United States and Canada are opening brand stores in various states across the country.
The booming hotel industry is expected to drive the market for a portable fridge in India, which is expected to capture a market share of 25.9% in 2022. For example, in November 2018, Radisson Hotel Group opened the ‘Radisson Ningbo Beilun,’ a luxurious 230-room hotel in Ningbo’s Beilun district, China. Similarly, Hyatt Hotels Corporation opened 348 rooms in the ‘Hyatt Regency Wangjing’ in Beijing in June 2018.

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Competitive Landscape

Some of the market’s leading players are developing technologically advanced products with high energy star certified products to meet growing consumer demands while also maintaining a competitive edge. Furthermore, collaboration with domestic distributors, strategic partnerships, seeking certifications, and entering into an e-commerce platform remain popular strategies among market leaders. Companies intend to broaden their geographic reach through mergers and acquisitions.

Godrej Appliances, a division of the Godrej & Boyce Group, announced the launch of ultra-low temperature refrigerators, portable mobile freezers for storing highly temperature-sensitive vaccines, in August 2021.
Engel Australia Pty Ltd. launched two new limited edition Retro Series portable fridges in April 2019 under the brand names ‘Engel MT45F-G4FT’ and ‘Engel MT60F-G4FT’. These portable mini fridges are ideal for camping trips and other outdoor recreational activities. These product launches are expected to play a critical role in ensuring consumer access to the products.

Key Manufacturers:

Whirlpool Corporation
ARB Corporation
Danby
Dometic Group AB
EdgeStar (Living Direct Inc.)
Engel Australia Pty Ltd.
Haier Inc.
Koolatron
Whynter
AB Electrolux
Samsung Electronics Co. Ltd.
Others

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Portable Fridges Market by Category

Size:

Mini Portable Fridge
Standard Portable Fridge

Price Range:

Economic
Mid-Range
Premium

Functionality:

Conventional
Semi-Automatic
Automatic

End User:

Household
Commercial

Sales Channel:

Online
Offline

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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

Agriculture Nets Market: Projected to Reach USD 18,242.6 Million by 2033 with a 5.5% CAGR, Driven by Demand for Specialized Nets in Vertical Farming and Greenhouse Cultivation

The global forecast for the agriculture nets market predicts substantial growth, with a market size estimated at US$ 10,679.8 million in 2023. The anticipated Compound Annual Growth Rate (CAGR) of 5.5% from 2023 to 2033 indicates that the market’s global value is expected to rise significantly to an impressive US$ 18,242.6 million by 2033.

The agriculture nets market is experiencing growth driven by an increased demand for cleanly grown food products in contaminant-free environments. As the global population rises, so does the need for food products, subsequently boosting the market for agriculture nets. These nets play a crucial role in protecting crops from various threats including birds, insects, small animals, and environmental factors such as UV radiation and adverse weather conditions. They are also used in the harvesting of various fruits like olives, chestnuts, almonds, and walnuts, either by being placed directly on the trees or in greenhouse openings to protect the soil.

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Further market expansion is supported by farmers’ growing awareness of the importance of crop protection. Agriculture nets are increasingly used not only in traditional farming but also in horticulture and floriculture, contributing to national food security efforts in many countries. Innovations like anti-hail nets also enhance crop protection by improving the micro-environments around the plants, which can lead to increased agricultural output. Additionally, the use of agriculture nets is expanding into residential sectors, supporting activities such as terrace gardening, window shelters, fishing, and construction fencing, thereby broadening the market reach.

The trend towards terrace and balcony gardening is particularly noteworthy, attracting new customers and expanding the market. However, a significant challenge facing the global agriculture nets market is the substantial initial investment required, which can be particularly burdensome for low-income farmers in developing regions. This financial barrier poses a notable obstacle to market growth in these areas.

Global industrial operators can boost their sales volume by capitalizing on untapped opportunities in emerging markets. Even though the end result could be expensive, corporations can offer personalized remedies based on the demands of farmers in the region since each country has a distinct soil composition, and the concerns of farmers in one location might be different from those in another. This holds for farmers from identical countries. Furthermore, increased investment in developing novel products is an additional reason to anticipate higher revenue.

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“Sales of agriculture nets are set to remain higher in Asia Pacific through 2033 since the region witnesses a high level of agricultural activity throughout the year. Government initiatives in countries like India and China have encouraged the adoption of modern farming practices, which drive sales of these nets apart from other agricultural equipment.” according to a lead consumer product analyst at FMI.

Key Takeaways from the Agriculture Nets Market

In the North America agriculture nets sector, the United States and Canada emerged as leading markets in 2023 with 17.4% and 3.2% market share, respectively.
In the Europe agriculture nets industry of 2023, Germany and the United Kingdom take the lead, capturing significant market shares of 6.8% and 5.4%, respectively.
In 2023, India and China stand out as the dominant markets in the Asia Pacific agriculture nets market, capturing market shares of 14.6% and 10.3%, respectively.
The market is spearheaded by the shading nets segment, commanding 42.10% of the global agriculture nets industry in 2023.
The woven form is the leading segment by form, with a 56.70% share of the global agriculture nets industry market in 2023.

Key Players and Strategies for Success in the Agriculture Nets Market

In the agricultural nets sector, success hinges on key strategies. Key players partner with local growers, working closely together. They create new and better products by using advanced materials and eco-friendly methods. Quality is a top priority as well in this industry. They keep improving through research and development. By listening to what customers need and caring for the environment, these companies ensure their lasting success in the market.

Recent Developments in the Agriculture Nets Market

In May 2023, Nestlé opened the Institute of Agricultural Sciences to assist in improving the sustainability of agriculture by providing science-based farming solutions. Nestlé specialists assess and come up with solutions in important areas of focus, such as plant science, agricultural systems, and milk production at the new institution.

In March 2023, Syngenta Group unveiled the introduction of “Shoots by Syngenta™.” It is an international network meant to assist in handling agriculture’s challenging issues, enhance innovation, and develop more sustainable agriculture.

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Market Segmentation of Agriculture Nets

Type:

Shading Nets
Anti-hail
Anti-insects
Windbreak
Others

Form:

Woven
Non-woven Form

Application:

Farming Area
Animal Husbandry
Horticulture and Floriculture
Aquaculture
Others

End Use:

Industrial Agriculture
Sustainable Agriculture

Price Range:

Economic
Mid-range
Premium

Material Type:

Metal
Plastic
Rubber
Others

Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Departmental Stores
Independent Stores
Hardware Stores
Farm Equipment Stores
Other Sales Channel

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Betanin Food Color Market Projected to Surge with Strong 4.7% CAGR by 2032

Betanin Food Color Market analysis by Future Market Insights tells that the market is expected to reach a market valuation of nearly USD 91 mn by the year 2022, and thereafter accelerating with a CAGR of 4.7% between 2022-2032. Betanin food color sales are accounted for ~5.6% of the sales in the global natural food colors market which was valued at US$ 1.6 Bn in 2021.

Large-scale food manufacturing corporations are moving their focus on adding powdered betanin to their final product in order to promote the health profile of food products, in an attempt to cope with the changing consumer preferences. One such trend observed is in the soups, sauces, and dressings industry where beetroot red is added in the dry sauce mix packs.

Other common uses of betanins also include coloring ice creams, confectionery, and beverages. Betanin is also used for coloring meats and sausages. Betanin or beetroot red is a vibrant red-colored pigment that is used as a food dye naturally obtained from a plant. Beetroots or other raw plants are strained, diffused, or pressed at a low pH to produce water-soluble betanin.

Increasing in the consumption of different organic end-use products, increase in the investment of huge amounts of money to set up food and beverage manufacturing and sales facilities, rise in the population, increase in the disposable income, and increase in the demand of betanin in developed and developing countries are driving the betanin food colors market.

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Key Takeaways from Market Report

The overall natural food colors market is expected to expand at a CAGR of 5% in North America through 2032, while the betanin food colors market is anticipated to grow at a rate of 5.7% in the region.
The European betanin food colors market is currently pegged at 1550 metric tons by volume and USD 22 mn by value. The demand for beetroot red is about to grow at 3% CAGR between 2022 and 2032 in this region.
By application, the beverages industry consumed over 1505 metric tons of beetroot red colorant in 2021 and was valued at USD 22.6 mn, which is approximately 25% of the annual Betanin food color sales.
In relation to synthetic colorants like Azorubine, Allura Red, and others, betanin has lesser stability, which is a major restraining factor for market Another problem impeding the market’s desired growth is the higher product cost when compared to its competitors.
Being a purely plant-based food colorant, pressed naturally from beets, no stringent regulations have been made around betanin food colors helping the market operate freely. Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main factor pushing the sales of betanin food colors across global markets.

“Betanin food color producers should target the health and nutrition markets like dietary supplements industry as it complements with the value natural colorant like beetroot red offers. Manufacturers should also achieve economies of scale, to make plant-based food colors more affordable to food processing industries. The market is yet fragmented and hence regional players should establish alliances with other regional players and international food brands in order to scale the revenue,” says a Future Market Insights analyst.

Competitive Landscape

The Betanin food colors market is highly fragmented with several regional players operating. Market players leading the Betanin food colors market are Sensient Technology Corporation, Symrise A.G., Kanegrade Ltd., Merck & Co. Inc., Chr. Hansen Holding A/S, Kalsec Inc, Hunan Nutramax Inc., Nanjing Zelang Medical Technology Co. Ltd., Calyxt Inc., Kingherbs Limited, JF Natural, A.M. Todd Botanical Therapeutics, Bakels Worldwide, Monteloeder, and Hebei Shun Wei Biological Technology Co. Ltd. among others.

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Betanin Food Colors Market by Category

By Nature, the Betanin food colors market is segmented as:

Organic
Conventional

By Application, the Betanin food colors market is segmented as:

Bakery & Confectionery Products
Beverages
Fruit Preparations/ Fillings
Dairy Food Products
Potatoes, Pasta, and Rice
Soups, Sauces, and Dressings
Meat, Poultry, Fish, and Eggs
Seasonings
Others

By Source, the Betanin food colors market is segmented as:

Red Beet
Yellow Beet
Prickly Peer
Swiss Chard
Grain Amaranth
Cactus Fruits
Others

By Product Form, the Betanin food colors market is segmented as:

Powder
Liquidd

By Region, the Betanin food colors market is segmented as:

North America (U.S., Canada, Mexico)
Latin America (Brazil, Argentina, Chile, Peru, Bolivia)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia), Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa), India
Asia-Pacific (China, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Oceania (Australia, New Zealand))

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Pea Milk Market to Reach USD 283.5 Million by 2032, Continuing Growth at 10.4% CAGR

The pea milk market is witnessing a remarkable surge in demand due to the increasing popularity of plant-based milk alternatives. Pea milk, made from yellow peas, is known for its rich nutritional profile, containing essential amino acids and protein. It is a preferred choice for consumers with lactose intolerance, vegans, and those seeking a sustainable and eco-friendly option. The market is experiencing substantial growth owing to rising health consciousness, environmental concerns, and ethical reasons.

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of pea milk are estimated to reach a value of USD 238.5 Mn by 2032, surging at 10.4% CAGR through the decade.

Pea milk is made from dry peas and comes in a variety of flavors including original, unsweetened, vanilla, and chocolate. The product’s cream-like texture and healthy content than other plant-based milk are the primary reasons for consumer preference, which contributes to the growth of the pea milk market in the coming years.

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The increase in the number of vegan and diet-conscious consumers around the world is driving the growth of the pea milk industry. Furthermore, the increased concern about lactose intolerance as a result of a lack of the intestinal enzyme lactase fuels the demand for dairy-free or vegan food products. Plant-based milk products are becoming more popular in both mature and emerging markets.

This is due to an increase in the number of people who are allergic to dairy products. Furthermore, an increase in health awareness and an increase in disposable income have increased the size of the pea milk market. Furthermore, the introduction of new healthy ingredients by various market players contributes significantly to the growth of the pea milk market.

Key Takeaways from the Market Study

The United Kingdom is one of Europe’s most promising markets for pea milk. An increasing proportion of the British population will switch to a vegan, vegetarian, or pescatarian diet by 2022.
The market for pea milk in the United States is expected to grow rapidly, expanding at a CAGR of nearly 8.2% between 2022 and 2032. The US market is expected to have a market share of 60%.
With the outbreak of the COVID-19 pandemic, consumers are re-evaluating and changing their drinking and eating habits. The market is expected to grow at a rate of 9.1% from 2022-2023.
PET bottles, which are primarily used in the packaging of drinking water and beverages, are becoming increasingly popular in the pea milk industry.
Tetra packs of pea milk are expected to account for 40% of global market demand over the next decade. Sales are being boosted by the high convenience attributed to its lightweight and durability.

“Pea milk is quickly gaining popularity as a dairy substitute. Pea milk is also a good option for people who are allergic to other plant-based products like Pea, whey, almonds, or nuts,” says a lead analyst at Future Market Insights.

Who is Winning?

Key pea milk manufacturers are emphasizing the penetration of mainstream retail markets by introducing a diverse range of product offerings. In addition, they are focusing on forming alliances with leading players as well as acquisitions.

Wunda, a new pea-based beverage from Nestlé, is “epic in everything” that milk is used for.

The key players profiled in the report include Sproud, Ripple Foods, Snappea Foods, Devon Garden Foods, Qwrkee, Freedom Foods, Vly Foods, Nestle SA, The Mighty Society, and DrinkStar.

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Get More Valuable Insights

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

The study divulges compelling insights on the pea milk based on Flavor (Original, Unsweetened, Vanilla, and Chocolate), By Packaging Type (Bottles and Aseptic Cartons), By Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, E-commerce, and Others), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

About Future Market Insights (FMI)

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

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Hybrid Vehicles Market Propel Growth at 21.6% CAGR for USD 1,644,192.6 Million by 2033

The hybrid vehicles market size is estimated to surpass USD 232 Billion in 2023 and is anticipated to hit a valuation of USD 1,644,192.6 Million by 2033. The hybrid vehicles market share is predicted to thrive at an astronomical CAGR of 21.6% from 2023 to 2033.

The expansion of EV infrastructure, including charging stations, is strongly related to the growth of the hybrid vehicle industry. By allaying worries about limited electric range, the charging infrastructure develops and becomes more accessible, which increases the perceived value of hybrid vehicles. The industry is further boosted by the growth of charging networks, which encourage buyers to think about hybrid cars as a realistic choice.

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The awareness of price hikes in the future and fluctuating gasoline costs have a big influence on consumer behavior. Due to their improved fuel efficiency and decreased reliance on oil, hybrid cars provide an alternative to fossil fuels. The cost-saving potential of hybrid vehicles draws increased customer interest as gasoline costs rise, propelling industry growth.

To store and distribute electric power, hybrid cars rely on cutting-edge battery technology. Hybrid vehicles are now more efficient, dependable, and cost-effective because of recent advancements in battery technology, including greater power densities, longer life spans, and lower prices. By addressing issues with battery performance and lowering the overall cost of hybrid vehicles, advancements in battery technology additionally boost the market for hybrid vehicles. Additionally, hybrid vehicle battery diversity expands the market and draws in more buyers.

Key Takeaways from the Hybrid Vehicles Market Report:

In 2018, the global market size stood at USD 90,798.9 million.
The market expanded at a CAGR of 20.7% from 2018 to 2022.
In 2022, the global market size stood at USD 192,712.4 million.
The United States captured 30.4% of global market shares in 2022.
India captured 22.8% of global market shares in 2022.
China captured 24.3% of global market shares in 2022.
The United Kingdom captured 22.2% of global market shares in 2022.
The hybrid vehicles segment captured 32.2% of global market shares in 2022.
The passenger cars segment acquired 27.6% of global market shares in 2022.

Leading Key Players:

Tilley Inflatable Design & Engineering Ltd.
Ford Motor Company
General Motors Company
Honda Motor Co. Ltd.
Daimler AG
Volkswagen AG
Renault SAS
Toyota Motor Corporation
Nissan Motor Corporation
Mitsubishi Motor Corporation
Hyundai Motor Company
Bayerische Motoren Werke AG (BMW)

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Recent Developments Observed by FMI:

Nissan just unveiled the fourth iteration of the X-Trail. The Nissan X-Trail is scheduled to make its debut in the middle of 2023. Strong Hybrid and Mild Hybrid hybrid drivetrains are expected to be offered for Nissan’s X-Trail SUV. The car is expected to cost around INR 40 lakhs when it goes on sale.
The Nissan Qashqai SUV is built on the CMF-C platform, which was developed in collaboration with Renault. The Qashqai is anticipated to be powered by a 1.3L gasoline engine and a mild hybrid powertrain. The automobile is projected to cost around INR 30 lakhs when it goes on sale. Because the Qashqai is likely to go on sale after the Nissan X-Trail, we may expect to see it around late 2023 or early 2024.

Hybrid Vehicles Market Segmentation:

By Product Type:

Hybrid Vehicles
Plug-in Hybrid Vehicles

By Vehicle Type:

Passenger Car
LCV
HCV

By Engine Type:

Gasoline Electric
Diesel Electric

By Powertrain Configuration:

Parallel Hybrid
Series Hybrid
Power Split Hybrid

By Region:

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

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Strategic Analysis of the Industrial Chocolate Market Set to Surge, Forecasted to Reach USD 87.68 Billion by 2033

The global industrial chocolate market is poised for substantial growth, with an estimated value of USD 57 billion in 2023, projected to reach USD 87.68 billion by 2033, at a CAGR of 4.4%. Increasing awareness about health benefits, rising demand for organic and vegan chocolates, and innovations in chocolate manufacturing are driving market expansion.

The demand for industrial chocolate is driven by several factors:

Health Consciousness: Consumers are increasingly seeking healthier alternatives, such as sugar-free and organic chocolates, driving demand for products with beneficial health properties.
Rising Popularity of Dark Chocolate: Dark chocolate, rich in antioxidants and flavonoids, is gaining popularity among consumers for its health benefits, leading to increased consumption and demand.
Innovation in Product Development: Chocolate manufacturers are innovating to meet evolving consumer preferences, introducing new products like chocolate-flavored snack bars and energy bars, catering to changing lifestyle patterns.

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The demand for industrial chocolate is multifaceted, with a notable increase in the consumption of dark chocolate attributed to its health benefits. Consumers are seeking sugar-free and organic chocolates, contributing to the market’s growth. The introduction of innovative chocolate-flavored snack bars and confectionery products, coupled with a rising preference for high-quality and pure black chocolate, further fuels the demand. The market is witnessing a paradigm shift in behavior, with health-conscious consumers driving the demand for healthier and sustainable chocolate options.

Several factors contribute to the growth of the industrial chocolate market:

Shift to Online Retail: The transition from brick-and-mortar to online retail channels presents opportunities for vendors to lower costs and expand margins, driving market growth during the short term.
Demand for Organic Products: Increasing consumer preference for organic and health-promoting products fuels the demand for organic chocolates, creating growth opportunities in the medium term.
Innovative Packaging Solutions: Chocolate manufacturers are expected to leverage innovative packaging, such as ecological packaging, to attract environmentally conscious consumers, contributing to market growth in the long term.

Key Takeaways from Market Study

Cocoa butter is expected to dominate the total industrial chocolate market in 2023 with a CAGR of 3.5%.
The United States, a leading industrial chocolate market, is expected to reach US$ 15.2 billion.

Competitive Landscape:

There is a high concentration of industrial chocolate in the global market, with over 90% of total revenues accounted for by the top four players. Leading vendors are expanding their capacity into cocoa-producing countries to stay better protected from unbalanced climatic and economic conditions in the market.

As companies focus more on enhancing discovery through a variety of cultural and novelty influences and refine the products they offer, they may be able to attract new consumers around the world.

There are several top players in the global industrial chocolate market, including Barry Callebaut Group, Cargill, Fuji Oil, and Cémoi, who compete based on product innovation, quality, and price.

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Several prominent companies dominate this market, including Alpezzi Chocolate SA de CV, Barry Callebaut AG, Cargill Inc., CEMOI Group, Chocoladefabriken Lindt and Sprungli AG, Clasen Quality Coatings Inc., Davis Chocolate, Ferrero International S.A., Foleys Candies LP, Guittard Chocolate Co., IRCA Spa, Lotus Chocolate Co. Ltd., Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., and others.

Recent Developments:

In June 2022, PRONATEC, a supplier of fair-trade, eco-friendly ingredients, opened its new factory to process 100% organic cocoa in Beringen, Switzerland. In addition to producing organic cocoa mass, cocoa butter, and cocoa powder, this facility is the first of its kind in Switzerland. Around 15,000 tons of cocoa beans can be processed each year by small cooperatives.
It was announced in February 2022 that a Malaysian cocoa manufacturer had signed a contract with Clegg Food Projects to convert a former Philips Avent facility into a cocoa and chocolate factory.
A partnership with a local manufacturer in India in 2020 resulted in Cargill opening its first chocolate manufacturing facility in mid-2021. The facility produced 10,000 tons of chocolate compounds in its first year.

Market Segmentation

By Product, the Industrial Chocolate Market is Segmented as:

Cocoa Butter
Cocoa Liquor
Cocoa Powder

By Application, the Industrial Chocolate Market is Segmented as:

Bakery
Ice cream and Frozen Dessert
Dairy
Cereals
Others

By Type, the Industrial Chocolate Market is Segmented as:

Confectionery
Cocoa and Other Products

By Region, Industrial Chocolate Market is Segmented as:

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

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Strategic Analysis of the Booming Pulse Products Market Projected to Reach USD 195.0 Billion by 2032

As per FMI, the global pulse products market size is witnessing remarkable growth, with an estimated valuation of US$ 128.0 billion in 2022, projected to reach US$ 195.0 billion by 2032, at a CAGR of 4.3%. Pulse products, made from dried peas, beans, and lentils, offer a high-protein, low-fat alternative to meat, alongside being rich in fiber and antioxidants. The market is driven by rising health consciousness, growing adoption across households, the flour industry, and the snack food sector.

The demand for pulse products is fueled by various factors:

Health and Nutritional Benefits: Pulse products offer numerous health benefits, including protein, fiber, vitamins, and antioxidants, contributing to overall well-being and addressing protein deficiency diseases.
Growing Preference for Plant-Based Diets: With increasing awareness about sustainability and animal welfare, consumers are shifting towards plant-based diets, driving the demand for meat alternatives like pulse products.
Expanding Application in Food Industry: Pulse products find extensive applications in bakery products, beverages, snacks, and pet food, contributing to their growing sales and market penetration.

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Several factors contribute to the growth of the pulse products market:

Rising Health Consciousness: Increasing awareness about the importance of nutrition and healthy eating habits is driving consumers to seek out nutritious and plant-based food options, boosting the demand for pulse products.
Expanding Application in Food Industry: Pulse products are increasingly being used in various food applications, including bakery, snacks, beverages, and pet food, expanding their market reach and driving sales growth.
Government Support and Initiatives: Government initiatives aimed at promoting healthy eating habits and addressing protein deficiency diseases are further fueling the demand for pulse products, creating favorable market conditions for manufacturers.

Key Takeaways:

Based on product, dry peas segment is expected to account for a significant value share of over 13% in the global pulse products market in 2022.
By type, the pulse protein segment is likely to grow at a higher pace during the forecast period.
North America is projected to hold a revenue share of around 34.4% in the global pulse products market during the forecast period.
The India pulse products market is anticipated to expand at around 5.4% CAGR between 2022 and 2032.
The pulse products market in the U.K. is expected to grow at a steady CAGR of 4.6% during the projected period.
The U.S. pulse products market is expected to reach a valuation of US$ 34 Bn in 2022.

“Rising demand for healthy and nutritional products by consumers is projected to boost the pulse products market during the projected period. Besides this, growing applications in pet food will further propel the demand for pulse products over the next ten years,” says a lead analyst at Future Market Insights.

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Rising Usage in Food Products Boosting Pulse Products Market

Companies are using pulse products in their food products because they are a healthier option than some other types of food. For example, pulse flour is lower in calories and has more nutrients than other types of flour.

Pulse products are used by companies like Avena Foods to create functional foods and supplements. The products come in many forms, including powders, granules, and tablets. They can be used to create healthy snacks or meals, and they are also popular among athletes and those looking to maintain a healthy weight.

Competitive landscape:

Top 5 manufacturers of pulse products include Roquette, Vestkorn, Purisfoods, Avena Foods and ADM, together holding around 20% to 30% Pulse products market share. These companies are adopting various organic and inorganic strategies such as new product launches, mergers, acquisitions, collaborations, partnerships, price reduction, and strengthening of distribution channels to improve their revenue share as well as expand their global footprint.

Pulse Products Market by Category

By Product:

Chick Peas
Kaspa Peas
Lentils
Pigeon Peas
Fava Beans
Black Gram
Beans
Dry Peas
Mung Beans
Other

By Type:

Pulse Fiber
Pulse Grits
Pulse Starches
Pulse Protein
Pulse Flour

By Application:

Bakery
Beverages
Extruded Snacks
Pet Food
Others

By End User:

Home Use
Snack Food Industry
Flour Industry
Others

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