Thermal Scanner Market to Grow at 10% CAGR, Driven by COVID-19 Precautions and Military Applications

Thermal Scanner Market
Thermal Scanner Market

Future Market Insights (FMI) projects the thermal scanner market to expand at a compound annual growth rate (CAGR) of 10% from 2020 to 2030. The use of thermal scanners as a primary tool in detecting fever and preventing the spread of COVID-19 at high-traffic locations such as airports and railway stations continues to be a significant growth driver. Retailers, both large and small, are increasingly adopting thermal scanners to monitor the temperatures of both staff and customers as part of enhanced safety measures. Additionally, the market is expected to see strong growth due to continued demand in the military and defense sectors. According to FMI, fixed or mounted thermal scanners dominate the market, accounting for over 75% of global sales.

Surge in Demand for Thermal Scanners Amid Ongoing COVID-19 Crisis

Initially introduced during the SARS epidemic in 2003, the thermal imaging market has evolved into a multi-billion-dollar industry. Future Market Insights (FMI) predicts the market will reach a valuation of US$ 3.8 billion by the end of 2020.

The global surge in COVID-19 cases has significantly increased the demand for thermal scanners, prompting manufacturers to strengthen their supply chains. Factories and hospitals were the initial drivers of this demand, but the need has grown exponentially as private offices and governments have ramped up their efforts to prevent the spread of the virus.

Thermal scanners are now a mandatory tool in workplaces to monitor body temperatures, leading to supply shortages and increased competition in the market. In recent months, sales of handheld and portable thermal scanners have seen a sharp rise, and FMI forecasts that this segment will grow at a rate exceeding 10% over the coming years.

Thermal Scanner Market Leading Suppliers

The thermal scanner market is primarily business-centric. Companies operating in the market are therefore driven by industrial & commercial activities. FMI profiles some of the leading companies operating across key regional segments. These include:

Americas

  • FLIR Systems, Inc.
  • Fluke Corporation
  • L3Harris Technologies, Inc.
  • Optotherm, Inc.
  • 3M Scott, US
  • Tonbo Imaging, Inc.

Europe

  • Leonardo S.p.A.
  • Thermoteknix Systems Ltd.
  • C-THERMAL
  • HGH Systemes Infrarouges SAS
  • Terabee

Asia Pacific

  • COX
  • Nippon Avionics Co.,Ltd.
  • Guangzhou SAT Infrared Technology Co., Ltd.
  • OMEGA Engineering Inc.

Market Segmentation

By Product:

  • Fixed/ Mounted
  • Handheld/ Portable

By Technology:

  • Cooled
  • Uncooled

By Application:

  • Thermography
  • Surveillance
  • Firefighting
  • Personal Vision System
  • Ruggedized Smartphone
  • Military
  • Others

By Wavelength:

  • Long-Wave Infrared (LWIR)
  • Mid-wave Infrared (MWIR)
  • Short-wave infrared (SWIR)

By Price Range:

  • High/Premium
  • Mid-Range/ Economy

By Region:

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

Report Preview: https://www.futuremarketinsights.com/reports/thermal-imager-market

About Future Market Insights (FMI)       

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

Contact Us:    

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Beverage Processing Equipment Market Poised for Steady Growth, Projected to Reach USD 12.8 Billion by 2033

Beverage Processing Equipment Market
Beverage Processing Equipment Market

The global beverage processing equipment market is anticipated to grow at a steady 4.9% CAGR from 2023 to 2033, rising from USD 7.7 billion in 2023 to an estimated USD 12.8 billion by 2033. The worldwide beverage industry is expanding, driven by rising demand across categories, including alcoholic, non-alcoholic, and dairy beverages, along with an increased focus on health-oriented products.

Key growth drivers include the rapid expansion of the processing industry in emerging markets, a surge in craft breweries, and innovations in beverage processing technology. Demand for equipment is expected to grow with increasing consumption of products such as flavored water, carbonated drinks, beer, wine, spirits, liquid dairy products, and tea across developed and developing regions. Notably, in the United States, the beer industry alone shipped approximately 208.6 million barrels in 2021, highlighting a strong market for advanced processing solutions.

Key Takeaways from the Beverage Processing Equipment Market Study:

  • The beverage processing equipment industry in France is expected to witness a CAGR of 4.7% during the forecast period (2023 to 2033).
  • The Germany beverage processing equipment industry is expected to continue to dominate Europe till 2033 and generate a share of US$ 1.9 Billion.
  • The demand for beverage processing equipment is projected to grow at a CAGR of around 5.7% over the next ten years in the U.K.
  • The global market for beverage processing equipment is expected to rise from US$ 7.7 Billion in 2023 to US$ 12.8 Billion in 2033.
  • Sales of beverage processing equipment are expected to rise at a CAGR of 4.9% during the forecast period.

Competitive Landscape: Beverage Processing Equipment Market

  • Tetra Laval (Switzerland)
  • Brawn Mixer (Netherlands)
  • Paul Mueller Company (US)
  • GEA Group (Germany)
  • KHS GmbH (Germany)
  • Dover Corporation (US)
  • Neologic Engineers (India)
  • Alfa Laval (Sweden)
  • Krones Group (Germany)
  • Bucher Industries (Switzerland)
  • SPX Flow (US)
  • JBT Corporation (US)
  • Steplead International Co., Ltd.(China)
  • Luwico Group Co., Limited (China)
  • Pentair (US)
  • Bettcher Industries, Inc. (US)
  • Heat and Control, Inc. (US)

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

Beverage Processing Equipment Market Outlook by Category

By Product Type:

  • Beverage Mixers & Blenders
    • Tumbler Blender
    • Ribbon Blender
    • Paddle Mixer
    • Agitator
    • Emulsifiers
    • Milk Homogenizers
    • Heavy Duty Mixers
  • Sugar Dissolvers
  • Heat Exchanger
    • Shell and Tube Heat Exchanger
    • Plate Heat Exchangers
    • Plate and Shell Heat Exchanger
    • Adiabatic Wheel Heat Exchanger
    • Plate Fin Heat Exchanger
  • Brewery
    • Fermentation Equipment
    • Brew House Equipment
    • Carbonation
    • Control & Monitoring
    • Filling & Packaging
    • Mashing Equipment
    • Milling Equipment
  • Filtration
    • Sedimentation Equipment
    • Gravity Filtration Equipment
    • Centrifugal Separators
    • Clarifiers
    • Thickeners
  • Others (Cooling Tunnel, Storage Tanks, Milk Pasteurizer, and Crushers)

By Beverage Type:

  • Alcoholic
  • Non-alcoholic
    • Carbonated
    • Non-Carbonated
  • Dairy-Based Beverages

By Automation Grade:

  • Automatic
  • Semi-automatic

By Region:

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

Report Preview: https://www.futuremarketinsights.com/reports/beverages-processing-equipment-market

About Future Market Insights (FMI)       

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

Contact Us:    

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Agritourism Market Projected to Reach USD 5,36,423.8 Million by 2034, Fueled by Rising Demand for Rural and Sustainable Experiences

Agritourism Market
Agritourism Market

The global agritourism market is set for impressive growth, expected to expand from USD 3,57,205 million in 2024 to USD 5,36,423.8 million by 2034, with a compound annual growth rate (CAGR) of 4.1%. This expansion is driven by increasing consumer interest in sustainable travel, rural experiences, and learning about local food production. As urbanization grows, more people are seeking opportunities to connect with nature and understand the origins of their food, which has led to the rising popularity of agritourism.

Agritourism benefits both tourists and rural communities by providing unique travel experiences and diversifying income streams for farmers. Activities like overnight stays, farm-based events, and cultural festivals allow visitors to immerse themselves in the beauty of rural landscapes and local traditions, enhancing the value of their travel experiences. Overnight accommodations, in particular, offer agritourism operations a strong revenue stream, often surpassing the earnings from day visits alone. This trend promises ongoing growth and economic benefits for both the agritourism sector and rural regions globally.

Agritourism Market: Key Findings

  • Millennials will remain the key target demographic that will choose to take up agritourism tools and will continue to generate profitability.
  • Individual travelers will account for a larger share of the total market value, driven by higher awareness and easier availability of farm study tours.
  • Off the farm activities will account for 60% of the total demand share, with substantial impetus coming from direct marketing efforts.
  • Europe and North America will retain leading positions in the agritourism market, while developing nations in Asia and Latin America will display strong growth.

Agritourism Market: Key Driving Factors

  • Easy access to agritourism packages through online sales channels is a key growth driver for the market.
  • Novel off the farm activities such as musical festivals and haunted hay rides are generating profitable opportunities.
  • Low prices associated with on-farm fruit and vegetable harvests is increasing the popularity of agritourism among potential visitors.
  • Favorable government initiatives towards protection of environment and agricultural land is a major driver for global demand.

Agritourism Market – Key Restraints

  • Low awareness among tourists about agritourism options, especially in developing regions remains a key factor that can hamper the market growth.
  • Limitations of seasonality and unpredictability of weather will limit growth of the agritourism market.
  • High liability, property tax, and insurance costs, is a deterrent to agritourism businesses.

Competition Landscape of Agritourism Market

Some of the key players in the global agritourism landscape that are covered in this study include, but are not limited to, Expedia Group, Missao, Domiruth Peru Travel, Field Farm Tours, Quadrant Australia, Bay Farm Tours, Select Holidays, AGRILYS Voyages, Star Destinations, Agritourismo France, Trump Tours, AL VERNETO, Farm to Farm Tours, A.C.T. Tours, and Star Destinations and others. Leading market players remain focused on capitalizing on collaborations within the industry. Market leaders are also targeting social media advertising, service innovations, and new product launches to strengthen their foothold in the global agritourism market.

Leading Agritourism Brands

  • Expedia Group
  • Domiruth PeruTravel
  • Quadrant Australia
  • Select Holidays
  • Star Destinations
  • Trump Tours
  • Farm To Farm Tours
  • Kansas Agritourism
  • A.C.T. Tours
  • AL VERNETO
  • Bay Farm Tours
  • Agriturismo France
  • AGRILYS Voyages
  • Bay Farm Tours
  • Field Farm Tours
  • Missão

Key Segments of Agritourism Market Report

  • By Activities:

Overnight stay, special events and festivals, off the farm, and recreation activities and events are categorized activities in the agritourism market.

  • By Tour Type:

The agritourism industry is bifurcated into group and individual travelers.

  • By Consumer Demographics:

The segment is distributed to men, women, and kids.

  • By Age Group:

The sector is subdivided into 15-25, 26-36, 36-45, 46-55, and 55 years and above age groups.

  • By Booking Channel:

Online and offline are two booking channels included in this sector.

  • By Region:

A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.

Report Preview: https://www.futuremarketinsights.com/reports/agritourism-market

About Future Market Insights (FMI)       

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

Contact Us:    

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Chlorophyll Color Market Sales Growth Driven by Innovative Natural Colorants in the Food Industry

The chlorophyll color market is projected to experience significant growth, with an estimated value of USD 151 million in 2023, expected to reach USD 370.3 million by 2033 at a CAGR of 9.0%.

The demand for shelf-stable food color is increasing due to temperature, moisture control, light exposure, and color variation, which significantly impact a food product’s shelf life. As food manufacturers strive to achieve desired colors using natural ingredients, the adoption of chlorophyll color is expected to rise.

The rising demand for natural and plant-based food ingredients is also contributing to the market’s expansion. The increasing trend of veganism worldwide has led to a surge in demand for plant-based ingredients and natural products. Moreover, food manufacturers’ launch of allergen-free products further fuels the demand for natural food colors.

The implementation of stringent regulations plays a crucial role in chlorophyll color sales. Government organizations and regulatory agencies heavily influence the food color market through rules and regulations.

Changes in rules, such as the EU rule EC No. 1333/2008 on food additives, led to the substitution of chlorophyll in ice cream. Chlorophyll is no longer permitted for use in ice cream. These evolving norms and regulations can impact the industry positively.

The chlorophyll color market is experiencing significant growth in different regions. In North America, the United States hold a market share of 32.7% in 2022, driven by the increasing demand for processed food and the application of chlorophyll color in bakery products.

Germany leads the market in EMEAI, accounting for US$ 8.7 million in 2021 and capturing 10.0% of the value share in 2022. The demand for premium pet food and the willingness of consumers to pay more for quality products are driving growth in Germany.

Conventional chlorophyll color holds a substantial share of 74.30% in the global market due to its established methods and consumer preference for familiar products.

The beverage industry is a key driver for sales, with a share of over 24.0% in 2022, driven by the increasing demand for natural food ingredients. The candy/confectionary segment is also expected to witness high growth in the market.

Competitive Landscape

Leading food companies widely utilize chlorophyll color to fulfill the increased need for components from natural resources. Furthermore, market participants are implementing techniques that allow them to grow their network and reach numerous consumers.

  • Symrise AG, a flavor and fragrance manufacturer, revealed its comprehensive variety of Diana food blueberry components and active compounds in June 2022. Like other items in the natural component range, it has various qualities and performance benefits. Competitiveness, diverse organoleptic qualities, application-specific high-quality criteria such as infant food, distinct certification such as organic, and the possibility to claim health advantages are among them.
  • DDW bought DuPont Natural Colours, part of DuPont’s Nutrition & Biosciences group, in 2019. As a result of the acquisition, DDW’s global presence as a provider of natural color solutions for the food and beverage industries can be enhanced. Along with technical and manufacturing capabilities in several vital natural colors.

Chlorophyll Color Market Segmentation

By Nature:

  • Organic
  • Conventional

By Application:

  • Beverage
  • Bakery, Snacks, & Cereal
  • Candy / Confectionery
  • Dairy
  • Fruit Preparations / Fillings
  • Meat, Poultry, Fish, & Eggs
  • Potatoes, Pasta, & Rice
  • Sauces, Soups, & Dressings
  • Seasonings
  • Pet Food

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Microalgae Market Revolutionizing Sales through Innovations in Sustainable and Nutrient-Dense Ingredients

The microalgae market, valued at USD 11.8 billion in 2023, is projected to reach USD 25.4 billion by 2033, with an 8% CAGR over the forecast period.

The growing use of marine microalgae in aquaculture, pharmaceuticals, and nutraceuticals is expected to drive market growth. Additionally, increasing government efforts to standardize microalgae cultivation practices will further fuel expansion.

Technological advancements, including the development of new strains for improved energy efficiency and high salinity tolerance, are also contributing to market growth. Moreover, the rising need for early contaminant detection is anticipated to create new opportunities for innovative photobioreactor microalgae producers.

How End-use Industries Propel the Global Market?

Various end-use industries are providing momentum to the global market in several ways. Key revenue pockets for the market are:

  • Food and Beverages: The manufacturers in the food and beverages sector are increasing the adoption of microalgae to provide omega-3 fatty acids, protein, and other nutrition in food. These manufacturers produce functional foods, energy bars, and other high-nutrient supplements to drive market growth.
  • Cosmetics:  The cosmetic sector produces skin and hair care products, including shampoos, creams, lotions, serums, and other products. The rising demand for microalgae in the cosmetic sector to develop antioxidant and anti-aging properties is surging the market size.
  • Pharmaceuticals and Nutraceuticals:  The adoption of microalgae is rising due to its bioactive components that promote health benefits. The manufacturers in these sectors are developing dietary supplements and produce drugs, and nutraceutical products are influencing the market growth.
  • Agriculture and Aquaculture: The pet food sector produces a source of feed for agriculture and aquaculture livestock and aquatic life, respectively. Microalgae is also widely used for fertilizers in agriculture.
  • Biofuels: The adoption of microalgae in producing biofuels is rapidly growing the global market revenue. Microalgae are widely used to produce bioethanol and biodiesel.

Key Takeaways:

  • The microalgae market is predicted to register a CAGR of 8% with a valuation of US$ 11.8 Billion in 2033.
  • In the historic period, the market captured a valuation of US$ 10.1 Billion with a CAGR of 2.4% in 2018.
  • The United States is estimated to lead the global market by securing a share of 25.7% by 2033.
  • Germany is significantly growing the global market size by capturing a share of 5.3% during the forecast period.
  • With a share of 3%, Japan is anticipated to drive the global market during the forecast period.
  • Australia is projected to capture a share of 2.8% in the global market by 2033.

Competition Landscape

Many leading players in the global market are concentrating on expanding their product portfolios, particularly within the pet food sector. They are investing heavily in research and development to introduce innovative products. Additionally, some key players are focusing on developing novel photobioreactor microalgae additives in response to the growing consumer demand for organic products.

Recent Developments in the Market:

In January 2022, Yemoja Ltd., a startup company that developed advanced ingredients from microalgae and further announced its plan to create red microalgae for plant-based steaks and burgers. Ounje, its new brand, resembles the red juices of animal meat without the requirement of artificial colors. The patented microalgal heme substitute congeals and browns like natural meat juices if cooked, apart from delivering the initial red pigment to plant-based meats.

In January 2022, Bharathidasan University based in Tamil Nadu signed a memorandum of understanding (MoU) with ZIGMA Global Environ Solutions for initiating a joint project worth Rs. 8.05 lakh on ‘microalgae-based bioremediation of municipal solid waste leachate.’ This project might include the usage of extremophilic microalgae to recover the municipal solid waste leachate that might otherwise seep down deep below, thereby spoiling the groundwater and soil.

Major Key Players

  • Lonza
  • Eastman Chemical Company
  • Daicel Corporation
  • Laxmi Organic Industries Ltd.
  • Mitsubishi Chemical Co., Ltd.
  • Zhangjiagang Hope Chemicals Co., Ltd.
  • Nantong Acetic Acid Chemical Co., Ltd.
  • Ningbo Wanglong Technology Co.
  • Jubilant Life Sciences Ltd.
  • Toronto Research Chemicals

Microalgae Market By Category

Species Type:

  • Spirulina
  • Chlorella
  • Dunaliella
  • Haematococcus
  • Crypthecodinium
  • Schizochytrium
  • Euglena
  • Nannochloropsis
  • Phaedactylum
  • Others

Source:

  • Marine Water
  • Fresh Water

End Use Application:

  • Food and Beverages Sector
  • Health and Medical Sector
  • Animal Feed Sector
  • Pet Food Sector
  • Cosmetics and Personal Care Sector
  • Fertilizers Sector

Region:

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Frozen Pizza Market Scaling Sales with Innovative Toppings and Health-Conscious Ingredients

The global frozen pizza market is expected to exceed a valuation of USD 20,196 million in 2023 and is projected to reach USD 35,994 million by 2033. The market is anticipated to grow at a steady CAGR of 6% from 2023 to 2033.

The frozen pizza industry is increasingly offering a diverse range of flavors, dough types, and topping options. This growing variety has enhanced the popularity of frozen pizzas by allowing for customization to meet different preferences. Consumers can now choose pizzas tailored to their taste and dietary requirements. Additionally, frozen pizzas come in various sizes, catering to individual servings or larger portions for families and gatherings.

The frozen pizza market has expanded due to the globalization of food preferences and the adoption of Western dining habits across different regions. As frozen pizza becomes a more familiar and standard meal choice, especially in areas with less traditional pizza culture, its demand continues to rise.

Over time, frozen pizza manufacturers have invested in enhancing their products’ quality. Advances in food processing and packaging technologies have improved the flavor, texture, and overall quality of frozen pizzas. As a result, consumers increasingly view frozen pizzas as a viable alternative to freshly baked ones. To cater to health-conscious consumers, frozen pizza brands have introduced options featuring healthier ingredients, such as whole wheat crusts, reduced-fat cheese, and organic toppings. These healthier alternatives have expanded the market by attracting customers seeking a balance between convenience and better dietary choices.

Key Takeaways from Frozen Pizza Market:

  • The global frozen pizza industry size developed at a CAGR of 2.4% from 2018 to 2022.
  • In 2018, the global market size stood at US$ 17,660.5 million.
  • The global market size stood at US$ 19,419.20 million in 2022.
  • Thin crust accounted for a maximum share of 63.3% of the global frozen pizza market in 2022.
  • Store-based retailing held a dominant share of more than 66.3% in 2022.
  • The large pizza segment accounted for 51.3% of the global market in 2022.
  • In 2022, the United States captured 17.2% shares in the global market.
  • In 2022, China captured 4.8% shares in the global market.
  • In 2022, India captured 25.2% shares in the global market.

Competitive Landscape

Increasing consumption of frozen pizza is driving manufacturers to develop products with extended shelf lives. Major food and beverage companies are anticipated to bolster global growth in the frozen pizza sector by innovating with new flavor formulations and exploring untapped markets in emerging economies.

Recent Developments Observed by FMI:

  • In June 2021, Brazi Bites announced the release of a new product line called Pizza’nadas for sale to customers in the United States. Pizza’nadas is a combination of frozen pizzas and empanadas.
  • Ole & Lena’s Pizzeria announced expansion plans to include wholesaling operations for frozen pizza. It is offered through retailers like Walmart for specific locations in the United States.
  • Dr. Oetker announced the expansion of its Ristorante frozen pizza line. Along with the launch of a new Vegan Society-certified Ristorante Margherita Pomodori pizza for consumers in the United Kingdom.

Key Players in the Global Market

  • Frozen Specialties Inc.
  • Jubilant Foodworks Limited
  • Convenio Foods Pvt. Ltd.
  • Giovanni’s Frozen Pizza
  • Monte Pizza Crust B.V.
  • General Mills Inc.
  • Nestle’ S.A.
  • McCain Foods Ltd.
  • Dr. Oetker GmbH
  • Daiya Foods Inc.
  • Connies Pizza
  • Conagra Brands Inc.
  • Others

Market Segmentation

By Crust Type:

  • Thin Crust
  • Thick Crust
  • Stuffed Crust

By Toppings:

  • Cheese
  • Meat
  • Fruits and Vegetables
  • Others

By Sales Channel:

  • Store-based Retailing
    • Convenience Stores
    • Discounters
    • Forecourt Retailers
    • Hypermarkets
    • Supermarkets
    • Food Specialist
  • Online Retail

By Size Type:

  • Small
  • Medium
  • Large

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

A2 Milk Market Sales Expansion through Innovations in Digestive-Friendly Dairy Alternatives

A2 Milk Market

The A2 Milk Market is predicted to develop at an impressive 9.5% CAGR from 2023 to 2033, exceeding the lower 2.4% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the healthy takeout market, increasing the market value from USD 2036.6 million in 2023 to USD 5120.9 million by 2033.

Due to the decreased volume of milk produced by each cow, A2 milk from cows of Indian origin is more expensive than conventional A1 milk, creating a supply-demand imbalance. A2 milk’s rising use in dietary items due to its high nutritional content has been hampered by the market’s predominance of A1 milk, which cows produce in larger numbers.

A2 milk is one example of a clean-label product that conforms to consumer expectations by providing natural and healthy options free of artificial or synthetic additives. Regulations have increased interest in A2 milk.

Key takeaways from the A2 Milk Market

  • The market for A2 milk in India is predicted to develop at a CAGR of 8.7% by 2033, propelled by rising demand for alternative dairy products and rising consumer awareness of the possible health benefits of A2 milk.
  • The A2 milk market in the United Kingdom is projected to increase at a CAGR of 7.8% by 2033, suggesting a rise in customer demand for A2 milk because of its rumored digestive advantages and potential to reduce symptoms of lactose intolerance.
  • The A2 milk market in China is expected to develop at a solid 9.1% CAGR, driven by a mix of rising disposable incomes, an aging population, and greater knowledge of the potential nutritional benefits of A2 milk.
  • Due to Australia’s early adoption and established position in the production and consumption of A2 milk, which caters to consumers looking for an alternative to conventional dairy, the A2 milk market there remains a significant player despite a moderate predicted CAGR of 2.3%.
  • The Japanese market for A2 milk, with its noteworthy, predicted CAGR of 10%, demonstrates the country’s keen interest in health and wellness. Consumers are adopting A2 milk as a premium dairy good associated with potential digestive benefits and high-quality standards.

Competitive landscape

The A2 milk companies, Nestle, Fonterra, and Freedom Foods Group are significant market participants. These businesses have made huge investments in extended research and development to improve their product offerings, and they have developed a strong presence throughout many geographic areas.

The A2 milk market’s competition has been significantly fueled by product innovation. Companies have launched a variety of A2 milk-based goods, including milk, yogurt, baby formula, and cheese, to meet consumers’ varied dietary requirements and tastes.

Regulations and certifications have also had an impact on the competitive environment. As a competitive advantage, obtaining certifications—such as the A2 Milk Company’s A2 MilkTM brand certification—or upholding production standards has increased customer trust and loyalty.

Key Players

  • The A2 Milk Company Limited
  • FREEDOM FOODS GROUP LIMITED
  • Fonterra Cooperative Group Limited
  • Vietnam Dairy Products Joint Stock Company
  • Gujarat Cooperative Milk Marketing Federation Ltd.
  • Provilac Dairy Farms Private Limited
  • Vedaaz Organics Pvt. Ltd.
  • Ratnawali Dairy Products LLP
  • Erden Creamery Private Limited

Recent development in the Market

The a2 Milk Company has been concentrating on broadening both its domestic and international market reach. To increase the availability of their products and reach more customers, they have partnered with other businesses and shops and entered into distribution agreements.

Key Segments

Nature:

  • Organic
  • Conventional

Form:

  • Liquid
  • Powder

Application:

  • Infant Formula
  • Dairy Product
    • Butter
    • Cheese
    • Yogurt
    • Milk Powder
    • Ice Cream
    • Others
  • Bakery & Confectionery
  • Milk & Milk-based Beverages

Packaging:

  • Glass Bottles
  • Plastic Bottles & Pouches
  • Carton Packaging
  • Cans

Distribution Channel:

  • B2B
  • B2C
    • Store-based Retailing
      • Hypermarkets/Supermarkets
      • Grocery Stores
      • Convenience Stores
      • Specialty Stores
    • Online Retailing

Region:

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Yeast-based Spreads Market Innovation Driving Sales Growth in Plant-Based Spreadable Foods

The global yeast-based spreads market is forecasted to attain a valuation of USD 449.5 million in 2023. With a consistent compound annual growth rate (CAGR) of 4.7%, the market is expected to experience steady growth, reaching USD 711.0 million by 2033.

Residual brewer’s yeast is used to produce spreads such as Marmite and Vegemite, which are known for their savory flavors and high B vitamin content. Currently, Australia leads the global market for yeast-based spreads, thanks to prominent brands like Vegemite, AussieMite, and Promite. The growing consumption of yeast-based spreads in Australia is expected to attract more market participants.

The United Kingdom also shows significant potential for market growth. Increasing consumption of yeast-based spreads in the UK is driven by global leaders like Unilever, which produces Marmite. Recent years have seen a strong focus on launching innovative products. Additionally, the rising prevalence of vegetarianism and veganism is contributing to the growing demand for yeast-based spreads. As more consumers adopt vegetarian and vegan diets, the market for these spreads is expected to experience notable growth.

Research has shown that the high B vitamin content in yeast-based spreads may help alleviate symptoms of mental health conditions like depression and anxiety. With increasing global attention and discussions about mental health in recent years, Future Market Insights (FMI) anticipates that these trends will continue to gain momentum. This growing awareness is expected to create lucrative opportunities for companies in the global yeast-based spreads market.

Key Takeaways from the Yeast Based Spreads Market Study:

  • In 2023, FMI expects the global market for yeast based spreads to register a valuation of US$ 449.5 million.
  • Between 2023 and 2033, the global market is set to experience steady acceleration at a 4.7% CAGR.
  • The valuation of the global market is likely to surpass the US$ 711.0 million mark in 2023.
  • From 2018 to 2022, FMI observed a 5.8% CAGR acceleration for the global market.
  • Australia and the United Kingdom are likely to dominate the global market going ahead and capture significant shares.
  • By product type, FMI expects Marmite to generate substantial demand and sales between 2023 and 2033.
  • Spreads containing organic yeast are set to register more sales compared to spreads containing conventional yeast.

Competitive Landscape

Players in the global market for yeast based spreads are likely to prioritize promotional strategies and new product launches between 2023 and 2033. Social media marketing efforts are also set to gather momentum as players focus on making consumers aware of the health benefits of yeast based spreads.

Key players in the yeast based spreads market include All Natural Foods of Stirling , AussieMite, Bega Cheese, Jardox Ltd, Marmite (New Zealand), Mars Foods, Nature’s Blend, Sanitarium Health & Wellbeing, Three Threes Condiments Pty. Ltd., Unilever Plc. and Vitam-R.

For instance:

  • In May 2022, Marmite announced the launch of a new truffle flavored yeast based spread in collaboration with adam&eveDDB.
  • In February 2022, Vegemite announced the relaunch of its popular Vegemite Cheesymite product. The new avatar of the product was named Vegemite & Cheese.

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Global Yeast Based Spreads Market by Category

By Product Type:

  • Aussiemite
  • Cenovis
  • Marmite
  • Oxo
  • Promite
  • Vegemite
  • Vitam-R

By Nature:

  • Organic
  • Non-GMO
  • Conventional

By End Use:

  • Food Services
  • Hotels
  • Restaurants
  • Cafes
  • Business to Consumers
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Discount Stores
    • Mom & Pop Stores
    • Online Retail Platforms

Claims:

  • Vegan
  • Vegetarian
  • Gluten-Free
  • Dairy-Free
  • Halal
  • Natural
  • Kosher
  • Fat-Free

Region:

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Green Banana Flour Market Boosting Sales through Innovations in Gluten-Free and Nutrient-Rich Ingredients

Green Banana Flour Market1

In 2022, the global green banana flour market was valued at USD 623 million. As consumer preferences shift towards organic and gluten-free options, the market is projected to grow to USD 1,026.1 million by 2033, with a compound annual growth rate (CAGR) of 5% from 2023 to 2033.

Infants benefit from green banana flour due to its easy digestibility, and advancements in manufacturing techniques have accelerated market growth. The widespread use of green banana flour across various sectors, including confectionery, baking, snacks, infant food, and fillings and dressings, positively impacts its market expansion.

The growing consumer preference for healthy, nutrient-rich foods is a major driver of market revenue growth, particularly due to the antioxidants in green bananas that enhance cellular health and reduce harmful free radicals. Additionally, the increasing popularity of gluten-free products among health-conscious consumers further boosts market revenue.

In the Asia Pacific region, which has a large and diverse food and beverage consumer base, green bananas have traditionally been used as vegetables. However, in the past decade, there has been a notable shift as awareness of the health benefits and value of green banana flour has risen. Consequently, manufacturers in the region are increasingly focusing on producing banana-based products, as bananas are seen as a healthier alternative to refined and raw foods.

Key Takeaways from the Market Study

  • Global green banana flour market is expected to be valued at US$ 648 million by 2023
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.7%
  • From 2023 to 2033, the United States market for green banana flour is projected to account for about 24.5% of global market share.
  • China to experience a 5.6% CAGR and India with a 6.7% CAGR from 2023 to 2033.
  • By product type, the conventional segment was estimated to acquire 72.6% share in 2022.
  • By process, the spray dried process of producing green banana flour occupied a market share of 23.8%.

Competitive Landscape

The key players in this market include:

  • International Agriculture Group
  • Stawi Foods and Fruits Limited
  • Natural Evolution Limited
  • Made’s Green Banana Flour Co.
  • Pereg Gourmet Natural Foods
  • Kanegrade Ltd
  • Banatone Food Industries
  • Slingan Pty Ltd.
  • Absolute Organic
  • NOW Health Group, Inc.

Key Segments Profiled in the Global Green Banana Flour Market Report

By Product Type:

  • Organic
  • Conventional

By Process:

  • Spray Dried
  • Sun Dried
  • Freeze Dried
  • Others

By Sales Channel:

  • Convenience Store
  • Specialty Store
  • Online Retailers

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Plant-Based Tuna Market Sales Growth Accelerated by Sustainable and Innovative Seafood Alternatives

Plant-based Tuna Market

As per the latest market research conducted by FMI, the global plant-based tuna market is expected to record a CAGR of 17% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of USD 284 million. By 2033, the valuation is anticipated to reach USD 1,320.6 million.

Increasing public awareness of the harmful health impacts of consuming animal products and ethical concerns surrounding animal agriculture is contributing to a gradual mainstream adoption of veganism and plant-based diets. The market is expanding more rapidly than anticipated during the projected term as a result of this. Moreover, market leaders are introducing unique products to fulfill the needs of consumers globally. These products contain ingredients with many health benefits and have a tuna-like flavor and texture.

Key Takeaways:

  • The plant-based tuna market is anticipated to reach a valuation of US$ 284 million in 2023.
  • The plant-based tuna market is predicted to record a CAGR of 17% through 2033.
  • The plant-based tuna market is expected to expand, particularly as the flexitarian population increases.
  • The plant-based tuna market is expected to surpass 1,320.6 million by 2033.
  • The plant-based tuna market recorded a CAGR of 4% from 2018 to 2022.
  • The United States plant-based tuna market recorded a CAGR of 27.1% in 2022
  • The plant-based tuna market in China recorded a CAGR of 16.7% in 2022
  • The plant-based tuna market in India recorded a CAGR of 14.3% in 2022
  • The plant-based tuna market in Japan recorded a CAGR of 1.1% in 2022

Competitive Background:

The key players operating in the plant-based tuna market are investing in mergers and acquisitions to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the plant-based tuna market. As a result, market participants are likely to have a better overall revenue share in the global plant-based tuna market.

Developments in the Market:

  • Atlantic Natural Foods, a leading brand, offers a unique combination of flavor and texture in its products which is the outcome of the company’s growing research and development investments.
  • Nestlé declared the launching of Vuna, a plant-based tuna, in August 2020 as its most inventive product to date. The company’s first product which isn’t seafood was initially intended to launch in Switzerland.
  • Gathered Foods, one of the well-known manufacturers of plant-based seafood, entered the restaurant industry by collaborating with Vegetarian Grill. Then Vegetarian Grill announced that a special and limited-edition tuna melt available from October 2020 menu list.

Significant Players in the Market:

  • Good Catch
  • Ocean Hugger Foods
  • Sophie’s Kitchen
  • New Wave Foods
  • Gardein, Beyond Meat
  • Prime Roots
  • Atlantic Natural Foods
  • Nestlé S.A
  • Avant Meats

Key Segments

Format:

  • Refrigerated
  • Frozen
  • Others

Source:

  • Soy-based Protein
  • Wheat-based Protein
  • Pea-based Protein
  • Canola-based Protein
  • Fava Bean-based Protein
  • Potato-based Protein
  • Rice-based Protein
  • Lentil-based Protein
  • Flax-based Protein
  • Chia-based Protein
  • Corn-based Protein

Distribution Channel:

  • Retail
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Food Stores
  • Online Retail
  • HoReCa (Food Service Sector)

Regional Outlook:

  • North America – United States, Canada
  • Latin America – Mexico, Brazil, Rest of Latin America
  • Europe – EU-4, United Kingdom., BENELUX, Nordics, Russia, Poland Rest of Europe
  • The Middle East and Africa – GCC Countries, Türkiye, Northern Africa, South Africa, Rest of MEA
  • East Asia – China, Japan, South Korea
  • South Asia – India, Thailand, Malaysia, Indonesia, Singapore, Rest of South
  • Oceania – Australia, New Zealand

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube