Predicting the Path Ahead for the Food Holding and Warming Equipment Market | Future Market Insights,Inc.

The market for food storing and warming equipment is expected to be worth US$ 4.9 billion in 2023. Between 2023 and 2033, the market for food storage and warming equipment is predicted to grow at a CAGR of 3.2%, reaching an estimated value of US$ 6.7 billion. This expansion can be ascribed to the increased attention to food quality and safety.

The integration of advanced technologies like IoT-enabled sensors and cloud-based monitoring systems is also expected to revolutionize the food holding and warming equipment market. The technologies enable better temperature control, food safety monitoring, and real-time data analysis, which helps to improve operational efficiency and reduce food waste. The technologies also provide valuable insights to food service providers, helping them optimize their operations and improve customer satisfaction.

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Smart food holding and warming equipment with features such as Wi-Fi connectivity and remote monitoring capabilities are gaining popularity among food service providers. The features enable businesses to monitor their equipment and food in real time, making it easier to maintain food safety and quality.

Key Takeaways:

  • Global food holding and warming equipment market was valued at US$ 4.7 Billion by 2022 end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.1%.
  • North America is expected to hold a dominant CAGR of 3.1% during the forecast period.
  • By Category, the heated display cases segment is expected to constitute a CAGR of 3.1% in 2033.
  • On the basis of Application, the restaurants segment is expected to dominate the market with a CAGR of 3.0% in 2033.

“The increasing demand for customizable equipment is a major factor that is expected to propel the growth of the Food Holding and Warming Equipment market in the near future,” – remarks an analyst at FMI.

Competitive Landscape:

Prominent players in the food holding and warming equipment market are Admiral Craft, Cambro Manufacturing, The Middleby Corporation, Hatco, Cres Cor, Raulsen, True Manufacturing, Turbo Air, Vollrath, Welbilt Inc., Vulcan, Winco, Alto-Shaam, Avantco Equipment, among others.

Recent Developments:

  • In 2021, The Vollrath Company introduced a new line of sous vide immersion circulators, which are designed to precisely cook and hold food at a specific temperature.
  • In 2021, Welbilt Inc. launched a new line of heated holding cabinets called the Garland HGD Series, which are designed for high-volume kitchens and can hold a variety of food items at different temperatures.
  • In 2020, Hatco Corporation launched a new line of food holding cabinets called Intelligent Heated Display Cabinets, which are designed to maintain food temperature, quality, and presentation.
  • In 2020, Alto-Shaam introduced new combi oven models featuring Halo Heat technology, which uses low-temperature radiant heat to gently cook and hold food.

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Key Segments Covered:

By Category:

  • Heated Display Case
  • Food Pan Warmer/Rethermalizer
  • Heat Lamp/Cabinet
  • Heated Holding Proofing Cabinet
  • Heated Shelf Food Warmer
  • Warming Drawer

By Installation Type:

  • Undercounter
  • Counter-Top

By Material Type:

  • Acrylic
  • Aluminium
  • Stainless Steel

By Display Rack Type:

  • Rotating Racks
  • Shelves

By Application:

  • Hotels
  • Restaurants
  • Cafes
  • Bakeries
  • Food Courts
  • Others

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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Fueling Growth: Cumene Market Poised for a 5.4% CAGR Surge from 2022 to 2032

According to a recent study by Future Market Insights, the cumene market is poised for remarkable growth with an anticipated Compound Annual Growth Rate (CAGR) of 5.4% from 2022 to 2032. Projections suggest that the market is set to reach an impressive US$ 42.7 Billion by 2032, marking a significant increase from US$ 25.1 Billion in 2022. With a valuation of US$ 23.5 Billion in 2021 and an expected Year-on-Year (Y-O-Y) growth rate of 6.8%, the cumulative absolute dollar growth for the global market is projected to be US$ 17.6 Billion. This underscores a promising trajectory for the cumene market over the next decade, reflecting substantial expansion and economic value.

Growing utilization of the cumene for various applications is estimated to boost the market growth over forecast period. Major factors that are expected to boost the growth of the cumene market in the forecast period are the rise in the demand for phenolic resins and bisphenol-A, and the increase in the consumption of acetone and its derivatives. Furthermore, the rise in the usage of cumene in adhesives and sealant chemicals and the upsurge in the preference for the consumers towards high octane production are further propelling the growth of the cumene market.

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The product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles are expected to extend profitable opportunities to the market players during the forecast period. One of the major applications of cumene is in the production of phenol. The liquid-phase oxidation of cumene with molecular oxygen forms cumene hydroperoxide, which is further decomposed into phenol and acetone using a catalyst. The oxidation process requires the use of purified cumene. The catalyst used to decompose cumene hydroperoxide into phenol and acetone is sulphuric acid.

Key Takeaways from the Market Study

  • The US to account for the highest value share of US$ 14.9 Billion of global market demand for cumene in 2032
  • From 2015 to 2021, Cumene demand expanded at a CAGR of 3%
  • By production, the zeolite segment constitutes the bulk of Cumene Market with a CAGR of 6%.
  • By application, the phenol segment dominates the cumene market with a CAGR of 4%.

“Product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles are expected to extend profitable opportunities to the market players during the forecast period,” remarks an FMI analyst.

Competitive Landscape

Players in the global Cumene Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In May 2021, PPG announced the completion of a USD 13 million investment in its paint and coatings plant in Jiading, China, which includes eight new powder coating production lines and an enlarged powder coatings technology centre, which will improve PPG’s research and development capabilities. The extension will almost certainly boost the plant’s capacity by over 8,000 tonnes per year.
  • In October 2019, INEOS announced that it had broken ground at its global-scale cumene investment facility at Marl, Germany. With a capacity of 750,000 ton per year of cumene, the plant’s construction was expected to be completed in 2021.

By Key Players

  • Braskem
  • Cepsa
  • Chang Chun Group
  • CITGO
  • Domo Chemicals
  • Dow
  • INEOS
  • Koch Industries Inc.
  • Kumho P&B Chemicals Inc.

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Key Segments Covered In The Cumene Market Report

Cumene Market by Production:

  • Zeolite Cumene
  • Solid Phosphoric Acid Cumene
  • Aluminum Chloride Cumene

Cumene Market by Application:

  • Cumene for Phenol
  • Cumene for Acetone
  • Cumene for Other Applications

Cumene Market by Region:

  • North America Cumene Market
  • Latin America Cumene Market
  • Europe Cumene Market
  • Asia Pacific Cumene Market
  • Middle East and Africa Cumene 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 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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T: +1-845-579-5705
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Elevating Hospitality Excellence: Exploring the Impact of Underbar Equipment and Accessories Market | Future Market Insights,Inc.

The global underbar equipment and accessories market is expected to be worth US$ 1.7 billion in 2023. According to Future Market Insights, the market will increase at a CAGR of 4.8% between 2023 and 2033, reaching a value of more than US$ 2.7 billion by that year.

The global hospitality industry is undergoing a remarkable transformation, with an ever-increasing focus on enhancing customer experiences. A crucial contributor to this evolution is the Underbar Equipment and Accessories Market, which has gained significant traction due to its vital role in optimizing bar and restaurant operations. A recent market analysis conducted by [Future Market Insights] sheds light on the market’s driving forces, key factors, and regional insights that collectively shape its promising trajectory.

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Drivers Propelling Market Growth

The rise in consumer preferences for unique dining experiences and innovative beverages has placed establishments under growing pressure to elevate their service offerings. This has spurred a robust demand for underbar equipment and accessories that not only facilitate efficient beverage preparation but also enhance visual aesthetics. The integration of advanced technologies, such as smart dispensing systems and customizable lighting, has emerged as a key driver in transforming traditional bars into engaging entertainment hubs.

Moreover, the increasing number of bars and restaurants globally, coupled with the expansion of the hospitality sector, has fuelled the demand for underbar equipment to cater to diverse consumer demands. This surge in demand has prompted manufacturers to innovate and develop space-saving, ergonomic, and energy-efficient solutions that align with the industry’s sustainability initiatives.

Restraints and Challenges

Despite the promising growth outlook, the Underbar Equipment and Accessories Market faces certain challenges. High initial costs associated with premium underbar solutions can deter small-scale establishments from adopting these innovations. Additionally, the global economic uncertainty and supply chain disruptions caused by recent events have impacted market expansion to some extent. Regulatory compliance and health and safety concerns have also prompted manufacturers to invest significantly in quality assurance, adding to production costs.

Key Factors for Market Success

The market’s success is intertwined with manufacturers’ ability to offer solutions that balance functionality, aesthetics, and sustainability. Establishments seek equipment that complements their interior design, caters to diverse beverage offerings, and supports seamless operations. Customization options, easy maintenance, and reliable after-sales support are key factors that influence purchase decisions. Furthermore, partnerships with regional distributors and suppliers play a pivotal role in streamlining market penetration.

Regional Insights

Geographically, North America and Europe have historically been strongholds for the underbar equipment and accessories market, driven by the well-established hospitality sectors in these regions. However, emerging economies in Asia-Pacific and Latin America are witnessing rapid urbanization, a surge in disposable incomes, and a growing trend toward dining out, which are collectively boosting market growth. The Middle East and Africa are also witnessing increased demand due to the expansion of luxury resorts and hotels.

Conclusion

The Underbar Equipment and Accessories Market stands at the crossroads of innovation, customer preference, and operational efficiency. As establishments strive to create unforgettable experiences for patrons, the market offers a range of opportunities for manufacturers, distributors, and investors to collaboratively shape the future of hospitality. By addressing challenges, capitalizing on key factors, and adapting to regional dynamics, stakeholders can collectively contribute to this evolving landscape.

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Key Segments Profiled in the Underbar Equipment and Accessories Market

By Product:

  • Ice Machines
  • Beverage Dispensers
  • Glass Washers
  • Bottle Coolers
  • Beer Dispensers
  • Cocktail Stations
  • Sink Valve
  • Others

By Application:

  • Bars
  • Restaurants
  • Hotels
  • Catering Companies
  • Others

By Distribution Channel:

  • Online
  • Offline

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Event Tourism Market Reaches Dazzling Heights of US$ 2.38 Trillion, Riding on a Robust 4.3% CAGR Momentum by 2034 | FMI

The worldwide event tourism market is projected to increase at a rate of 4.1% year over year and reach US$ 1.63 trillion by 2024. The demand for event tourism is expected to grow globally at a 4.3% annual growth rate (CAGR) throughout the projection period, reaching a startling US$ 2.38 trillion in market valuation by 2034.

Events that are well organized and meticulously documented are crucial to the competitiveness of tourist locations. The demand for event tourism has grown over the past several decades and is yet unproven in the research community and the travel and tourist sector; as a result, the market expansion in event tourism is expected to soar in the next years. The purpose of event tourism is to attract more domestic and international visitors. Individuals participating in event tourism vary depending on the event. Several media, including print, electronic, and particularly social media, are important in promoting event tourism.

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The need for services like ticketing, venue exploration and acquisition, hosting, event assessment, end-to-end service provision, catering, etc. for an event is stated to be increasing, which would help the global event tourism business to boom. Companies often hold a variety of events focused on music, general gatherings, public awareness, sports, music performances, and more to increase money for their nation.

Key Takeaways from the Market Study

  • According to FMI’s estimates, the industry for event tourism would be worth $1.28 trillion globally in 2018.
  • Sales in the event tourism industry increased significantly between 2018 and 2022, with a CAGR of 2.2%.
  • The sports event market category grew to have over 40.2% of the worldwide market share in 2022.
  • The physical channel gained a global market share of 27.9% in 2022.
  • The North American event tourism market has a market share of more than 50% in 2022.
  • Asia accounted for 33.7% of the global event tourism industry in 2022.

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Major Key Players:

  • Live Nation Worldwide Inc.
  • BCD Meetings & Events
  • Cvent
  • Pollstar
  • Atpi Ltd
  • Riviera Events
  • Stubhub
  • Access Destination Services
  • Entertaining Asia
  • Anschutz Entertainment Group

Competitive Landscape

The following are some significant advancements in the event tourism industry:

  • Busan, South Korea’s second-most populous city after Seoul, will get a top-notch arena along with a multi-cultural entertainment complex thanks to a partnership between Live Nation, the world’s leading live entertainment company, and the Busan Metropolitan City in 2023. A 20,000-seat arena, a conference center, hotels, and a facility for developing K-pop and K-culture talent will all be part of this brand-new, innovative entertainment hub. Live Nation will operate the venue and contribute their extensive knowledge in venue planning, design, and ongoing operations. When it comes to hiring performers for the venue, the local Live Nation Korea crew will also contribute their expertise in event promotion and programming.
  • The ATPI Group, a pioneer in travel and event management, has now unveiled a new investment strategy for 2022 that places a strong emphasis on technology. In order to aid technical start-ups that are advancing and revolutionizing the market, the firm is launching its Endeavour program as part of this strategy.

Key Segments Profiled in the Event Tourism Market

By Type:

  • Exhibitions and Conferences
  • Festivals
  • Corporate Events
  • Music Concert
  • Sports
  • Others

By Channel:

  • Virtual Channel
  • Physical Channel

By Revenue Source:

  • On-line registration
  • Off-line registration
  • Sponsorship
  • Others

By Age Group:

  • Below 18 Years
  • 18-50 Years
  • Above 50 Years

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Expanded Polypropylene (EPP) Foam Market Set to Flourish with a Steady 11.4% CAGR from 2023 to 2033

The expanded polypropylene (EPP) foam market is poised for significant growth, with a projected steady Compound Annual Growth Rate (CAGR) of 11.4% from 2023 to 2033. Anticipated to reach a market share of US$ 5.52 billion by 2033, the industry is set to experience substantial expansion compared to its estimated value of US$ 1.87 billion in 2023. This robust growth is indicative of the increasing demand for EPP foam across various applications, underlining its prominence in sectors such as packaging, automotive, and construction over the next decade.

  • The advent of smart packaging with insulation, more online shopping activities, and other industrial applications are flourishing market growth. Furthermore, the diverse range of product applications is also increasing the sales of EPP foam.
  • The expanding automotive sector, with enhanced cushioning in the seats and other vehicle parts, is also consuming a big chunk of the market. Alongside this, the restoration of the building and construction industry with the absorption of new advancements is likely to transform the market.
  • Different grades and pricing increased industrial investment, and easy availability is expected to penetrate the end-user preferences while also dominating as a material in a wide range of sectors.
  • New factory operations involve the usage of this foam’s properties like water resistance, thermal insulation, recyclability, and durability. The increased production of automotive components that are assembled later is also gaining traction.
  • The higher economic activities in emerging Asian nations like India and China also contribute to alternative, durable, and sustainable materials. Hence, higher consumption of the expanded polypropylene (EPP) foam is expected during the forecast period.

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Key Points

  1. The United States market leads the North American expanded polypropylene (EPP) foam market in terms of market share in North America. The United States held a market share of 16.7% in 2022. The factors attributed to the growth are industrial expansion and higher penetration of e-commerce platforms. The government promoting alternative materials and their applications are also helping the regional market.
  2. The German expanded polypropylene (EPP) foam market held a healthy market share of 13.1% in 2022. The advanced automotive sector and extended research and development facilities cause market growth.
  3. The Indian market thrives at a steady CAGR of 13.1% between 2023 and 2033. The growth is attributed to booming automotive production and rising demand for new grades.
  4. China thrives at a CAGR of 12.3% between 2023 and 2033.
  5. Based on grade type, the high-density segment held the leading market share of 50.0% in 2022.
  6. Based on application type, the automotive industry segment leads as it held a market share of 40.0% in 2022.

Competitive Landscape

The key suppliers focus on effective quality, different grades, and easy availability. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

  • Kaneka Corporation introduced molded foam components with different grades of EPP foam for multiple uses, such as automotive, packaging, industrial insulation, and others. The product has properties like shape molding, multiimpact, energy and water absorption, flexibility, and resilience. Other than this, the foam’s structural strength, durability, and lightweight dynamics also promote it as the ideal material for automotive operations.
  • Sonoco Products Company, a foam packaging firm launched the expanded polypropylene (EPP) and expanded polyethylene (EPE) foams.

Key Players

  • Furukawa Electric Co., Ltd
  • Knauf Industries
  • Dongshin Industry Inc.
  • Kaneka Corporation
  • JSP Corporation
  • BASF SE
  • SSW Pearl Foam GmbH
  • Sonoco Products Company
  • Clark Foam
  • Bradford Company

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Key Segmentation of the Expanded Polypropylene (EPP) Foam Market

By Grade Type :

  • Low Density
  • High Density
  • Porous PP

By Application :

  • Automotive
  • Industrial Packaging
  • Consumer Products
  • Building & construction
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Tinted Glass Market Expected to Surpass US$ 41.26 Billion by 2033: FMI Study

The tinted glass market is poised for robust growth, projected to exhibit a steady compound annual growth rate (CAGR) of 6.6% from 2023 to 2033. Anticipated to be valued at US$ 21.77 billion in 2023, the market is expected to witness substantial expansion, crossing a market share of US$ 41.26 billion by 2033. This optimistic trajectory is indicative of the increasing demand for tinted glass across various industries, driven by factors such as aesthetic preferences, energy efficiency, and advancements in glass technology. As the market continues to evolve, manufacturers and stakeholders are well-positioned to capitalize on emerging opportunities in the tinted glass sector.

  • The new construction and interior design businesses are fueling the demand for tinted glasses solutions. Furthermore, new experiments such as French green, crystal grey, and euro grey tinted float glass are flourishing the demand for tinted glass.
  • The enhanced safety and security delivered through tinted glasses is flourishing the market growth. Furthermore, increased efficiency due to the lower energy consumption is anticipated to the market growth.
  • The advanced glassing solution along with the low-maintenance glasses is further expected to boom the demand for tinted laminate glass. Alongside, tinted smart glass is also in high demand, expanding the tinted glass market size.
  • Many corporate and residential setups are adopting tinted glasses solutions for high UV protection.

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Key Points

  1. The United States market leads the tinted glass market in terms of sales volume in North America. The market holds a market share of 13.4% in 2023. The market growth is attributed to the increased number of corporate systems adopting glasses that protect them from sunlight and ultraviolet rays.
  2. India tinted glass market leads South Asia market in terms of CAGR with a leading CAGR of 8.0% between 2023 and 2033. The regional growth is attributed to growing awareness among people about the hazardous effects of UV rays
  3. China tinted glass market on the other side flourishes at a CAGR of 8.1% between 2023 and 2033. The rising number of industrial warehouses with product stores are adopting tinted glasses solutions.
  4. By thickness, 6 mm tinted glass is in high demand as it is in high consumption due to the perfect size for different settings like residential, office buildings, and even grocery stores.
  5. By color, the grey color segment leads while holding a prominent market share of 40.7% in 2023.

Competitive Landscape:

The key vendors work on producing the best quality glasses with experimentation and production value. Furthermore, the companies also provide application-specific tinted glass solutions.  Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel. The key players in the market are AGC Inc., Saint-Gobain, Nippon Sheet Glass Co., Ltd., Vitro, Xinyi Glass Holdings Limited, THE ECAM GROUP, Guardian Industries Corp., Taiwan Glass Group, Ltd, Shanghai Yaohua Pilkington Glass Group Co., Ltd, and Qingdao Rexi Industries Co. Ltd.

Recent Market Developments

  • Guardian Industries Corp has introduced its guardian tinted glass that delivers its solutions to both exterior facades and interior decors. It comes for homes as well as commercial businesses. The tint also comes in various colors and designs.
  • Taiwan Glass Group, Ltd. has revisited its tinted glass and updated its packaging and build quality. The company is likely to hold a good amount of traction in the future.

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Tinted Glass Market: Segmentation

By Color, the market of Tinted Glass is segmented as:

  • Bronze
  • Grey
  • Blue
  • Green
  • Others

By Thickness, the Tinted Glass Market is segmented as:

  • 3mm
  • 4mm
  • 5mm
  • 6mm
  • 8mm
  • 10mm
  • 12mm

By Application, the Tinted Glass Market is segmented as:

  • Buildings
    • Residential
    • Commercial
  • Automotive
  • Furniture & Crafts

By Design, the Tinted Glass Market is segmented as:

  • Single Glazed
  • Double Glazed

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Inositol Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2033

The inositol market is anticipated to have extraordinary growth, with a CAGR of 6.6% from 2023 to 2033 and a market value of US$ 257.5 million by that time. The pharmaceutical industry’s rising demand for inositol, which is propelled by the substance’s established health advantages, is the main driver of this expansion.

Inositol’s popularity is on the rise as more people become aware of its benefits, including its role in improving insulin sensitivity, lowering the risk of heart disease, easing symptoms related to disorders like PCOS, and encouraging hair growth.  With these elements at play, the inositol market’s future seems good, indicating steady expansion and a wealth of potential prospects for companies engaged in this dynamic sector.

Key Takeaways

  • The United States becomes the key player: The United States establishes itself as a major market driver for inositol with a sizeable market share of 21.7%. Its substantial presence suggests that the nation has a favourable environment for development and innovation.
  • Germany gains a noteworthy position: Germany gains a considerable market share of 7.1%, underscoring its significance in the isothiol market. This illustrates Germany’s dedication to research and development as well as its capacity for international competition.
  • China exhibits quick growth: With a sizeable market share of 11.1%, China stands out as a notable player in the isoinsitol industry. Its exponential growth reveals a rising need for this crucial nutrient in the nation, indicating a more health-conscious populace.
  • Japan continues to expand steadily: With a good market share of 3.8%, Japan demonstrates its ongoing presence in the isoinsitol market. This suggests a steady market outlook and a sustained domestic demand for goods containing inositol.
  • Emerging markets with promising prospects include Australia, India, and the United Kingdom, which together hold 11.6% of the market. As a result, there may be unrealized potential for market expansion and growth in the upcoming years, which emphasises the growing significance of these emerging markets.

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Competitive Landscape

The fierce rivalry that exists in the inositol market is encouraging new product development and innovation. Businesses constantly strive to beat their competitors by developing unique products and formulations, expanding the options available to consumers. Due to the competitive pricing created by this dynamic market, consumers now have more cheap options. For new entrants trying to get into the market, the increased competition poses difficulties. To succeed among established competitors, an entry needs to have a strong marketing plan and a unique product offering. However, as the market expands, new opportunities appear, giving prospective competitors a chance to carve out a niche and contribute to the changing face of the inositol market.

Koninklijke DSM NV

DSM is a well-known inositol provider on a global scale. The business has a long history of innovation and is always creating new formulations and products. DSM is able to connect with a variety of customers because to its robust marketing presence.

Shandong Runde Biotechnology Co.

Inositol is a key product of Shandong Runde Biotechnology Co., a well-known inositol provider in China. The business can provide competitive prices because it has a high production capacity. Additionally, Shandong Runde Biotechnology places a high priority on quality control and makes sure that all of its goods adhere to the strictest guidelines.

Charles Bowman & Company

In the US, Charles Bowman & Company is a well-known inositol supplier. The business has a lengthy history of offering top-notch goods and enjoys a good reputation in the sector. Inositol is one of the many products available from Charles Bowman & Company in a variety of dosages and formats.

Zhucheng Haotian Pharm Co. Ltd.

A well-known inositol provider in China. The business can provide competitive prices because it has a high production capacity. Additionally, Zhucheng Haotian Pharm places a high priority on research and development and is always seeking for new approaches to enhance its goods.

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Key Developments

  • The pharmaceutical sector is experiencing increased demand for inositol as a result of its growing use in the treatment of a variety of ailments, such as PCOS, diabetes, and NRDS.
  • The ongoing creation of cutting-edge inositol products, along with growing research on the substance’s effects on mental health issues like anxiety, depression, and schizophrenia, is promoting market growth and establishing inositol as a promising therapeutic choice in a variety of healthcare settings.

Key Segments Profiled in the Global Inositol Market

Inositol Market by Source:

  • Plant Based Inositol
  • Synthetic Inositol

Inositol Market by Application:

  • Based Dietary Supplements
  • Beverages
  • Feed Industry
  • Pharmaceutical Industry
  • Other Applications of Inositol

Inositol Market by Region:

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

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About Future Market Insights (FMI)

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

 Contact Us:

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Future Market Insights Inc.
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Coconut Oil Market Notable Developments, Potential Players and Worldwide Opportunities 2033

The global coconut oil market valuation is US$ 6,049.4 million in 2023 and is expected to reach up to US$ 11,684.5 million by 2033. The global market is likely to register a CAGR of 7% through 2033.

Latest Trends in the Coconut Oil Market

Several trends are contributing to a key role in the global market. A few of these are as follows:

Organic and Non-GMO Products: The increasing demand for organic and non-GMO products is increasing the demand for coconut oil. Consumers are increasing the adoption of clean-label, organic, and natural products.

Sustainability and Ethical Sourcing: Manufacturers are concerned about the environment and are producing sustainable coconut oil production processes. They are offering clean packaging solutions with ethical sourcing practices to maintain a healthy environment.

Virgin and Extra Virgin Coconut Oil: The demand for virgin and extra virgin coconut oil is rising due to its natural flavor, high-quality, and purity foam. Its less processed and more natural nutrients are popularly growing among customers.

Popularity of Plant-based Products: Fitness freak consumers are rapidly surging the adoption of coconut oil to maintain healthy fats and minerals and enhance their digestion.

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Flavored Coconut Oil: Key companies are promoting their brands by adding natural ingredients with coconut oil, such as garlic-infusion coconut oil. Due to its uniqueness and biological properties, consumers are attracted to enhance their experiences.

Packaging Innovation: Manufacturers are offering advanced packaging solutions to reduce environmental impacts. They are promoting their brands with innovative packaging styles to reduce carbon footprints.

Local Sourcing: Consumers are more focused on paying attention to products that are made from local sourcing. It leads to enhancing and supporting local economies.

E-commerce: The rapidly growing e-commerce offering varieties of coconut oil is attracting consumers to buy these products with suitable discounts.

Premium Products: The adoption of high-quality and premium products by consumers due to their original taste, fragrance, and purity are driving the global market size.

“Quality of products is the quality of life. Sustainable practices adopted by consumers promote sales of high-quality products. The rising awareness about organic and natural coconut oil is contributing to the growth of the coconut oil market”, says an FMI Analyst.

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Key Takeaways

  • The global coconut oil market is registering a CAGR of 7% from 2023 to 2033.
  • The United States holds a maximum share of 10% by dominating the global market.
  • Japan accounts for a share of 2.9% of the global market in 2023.
  • Germany significantly drives the global market with its vintage home decor, with a share of 3.8%.
  • With a share of 9.5%, China is rapidly advancing in the global market.

Key Players Adding Values in the Global Coconut Oil Market

The essential players highly consolidate the global market. They are innovating advanced and innovative products to build their business portfolio in the global market. These players are adopting strategic innovations, agreements, collaborations, and mergers to uplift the global market size.

Companies are launching new products in exhibitions to promote their brand value and reach more audiences to boost their sales. The key players are focusing on consumers’ requirements and offering them a solution. The adoption of these tactics will help in achieving their goals.

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Key Segments in the Coconut Oil Market

By Nature:

  • Organic Coconut Oil
  • Conventional Coconut Oil

By Product Type:

  • Virgin or Extra Virgin
  • Refined
  • Partially Hydrogenated

By End-use sector:

  • Food and Beverages
  • Cosmetics and Personal Care
  • Pharmaceutical
  • Household/ Retail
  • Others

By Distribution Channel:

  • Business to Business
  • Business to Consumer
    • Hypermarkets/ Supermarkets
    • Traditional Grocery Store
    • Convenience Stores
    • Specialty Stores
    • Online Retail

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Naturally Derived Fatty Alcohol Market Notable Developments, Potential Players and Worldwide Opportunities 2032

A 6.4% compound annual growth rate (CAGR) is projected for the global naturally derived fatty alcohol market from 2022 to 2032, with 2022 revenues of US$ 2821 Million and 2032 revenues of US$ 5250.82 Million. The heightened demand for personal care products such as soap and detergent that are made from all-natural substances along with increasing consumer awareness of the adverse effects of using petroleum-based fatty alcohols will facilitate the expansion of the naturally derived fatty alcohol market size during the projection period.

The growing sustainability drives and demand for organic products have encouraged many enterprises to invest in the research and development of biodegradable, organically produced products and chemicals that are produced from bio-based raw materials. Additionally, a significant portion of the general population is gradually getting more aware of hygiene and its importance. These aspects work in tandem to ensure the steady growth of the naturally derived fatty alcohol market.

The rising concern regarding the fluctuating prices of petroleum-based goods will also shape the market for naturally derived fatty alcohol market. Again, elevated consideration for the environment and implementation of strict regulations from governmental organizations that address environmental problems also spurs the demand for naturally derived fatty alcohol. The availability of reliable raw materials and the expansion of the same sector is also responsible for the improved prospects of the naturally derived fatty alcohol market.

The surging demand for surfactants like soap and detergents will, in turn, boost the demand for naturally derived fatty alcohol. Surfactants made from fatty alcohol gain extensive application across several industries including food, fiber, and beauty sectors. Since these surfactants serve multiple purposes like wetting, cleaning, solubilizing, and emulsifying, they will witness greater demand in the next couple of years. Thus, with numerous useful qualities, fatty alcohols will observe immense demand. Further, it is estimated that personal care goods like liquid soaps and hand sanitizers will generate high demand for naturally derived fatty alcohols over the assessment period. Other industries like food and beverages, pharmaceuticals, and textile and leather processing also foster growth for the market during 2022 and 2032.

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Key Takeaways:

  • Fluctuation and instability of the raw material prices may restrict the growth of the naturally derived fatty alcohol market.
  • The personal care and cosmetic sectors will fuel the growth of the naturally derived fatty alcohol market in the Asia Pacific region.
  • The naturally derived fatty alcohol market in North America will hold 34.8% of the overall market share.
  • Rising demand from the lubricant sector will strengthen market prospects in the Middle East and Africa region.

Competitive Landscape 

Prominent market players are focusing on increasing the manufacturing of bio-based products. These businesses employ product innovation and development strategies. A few of these players also engage in diverse organic and inorganic growth strategies to gain a competitive edge.

Musim Mass, Shell Chemicals, Willmar Oleo, BASF, P&G, Sasol, Kao Chemicals, Emery Oleo, Oxiteno, and Jiahua, among others, are some of the significant players in the naturally derived fatty alcohol market profiled in the full version of the report.

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More Insights into Naturally Derived Fatty Alcohol Market 

According to the latest FMI reports, based on segmentation, the soap and detergent category along with the personal care segment will contribute considerably to the overall growth of the naturally derived fatty alcohol market. These two application segments will generate greater demand for the market.

Based on region, the naturally derived fatty alcohol market in North America will account for 34.8% market share during the observation period. The target market in this region will demonstrate robust growth. Increasing demand for cleaning products like surfactants and disinfectants. Also, the rising demand for natural products will also aid the growth of the naturally derived fatty alcohol market in North America. Besides this region, Asia Pacific, Europe, and the Middle East and Africa regions will also make notable contributions to the growth of the global naturally derived fatty alcohol market during the projection period.

Key Segments

Sources:

  • Tallow
  • Lard
  • Poultry
  • Palm Kernel Oil
  • Coconut Oil
  • Palm Oil
  • Soya Oil
  • Sunflower Oil
  • Rape Oil
  • Honeybee Wax
  • Jojoba Oil
  • Whale Oil Etc.

Application:

  • Cosmetics And Personal Care
  • Soap And Detergents
  • Pharmaceuticals
  • Food & Beverages
  • Textile And Leather Processing
  • Others

Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa(MEA)
  • Europe

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cereal Bars Market Independent Variable Examine, Future Opportunities & Challenges by 2032

FMI estimates, the cereal bars market will register robust growth at 5.6% CAGR in the upcoming decade as prevalence of obesity rises across the globe. Sales of cereal bars are projected to reach US$ 13,221.3 Million by the end of 2022. As millennials are focusing on weight management to reduce the risk of lifestyle disorders, the demand for cereal bars is expected to surge. By 2032, the cereal bars market is estimated to surpass a valuation of US$ 22,798.9 Million.

Growing demand for candy-based and protein rich cereal bars is expected to surge exponentially over the forecast period (2022-2032). As per FMI, preference for red ginseng among super foods is encouraging key players to use the ingredient in cereal bars. Further, increasing health conscious population in Korea is another factor boosting the demand for cereal bars in Korea.

With growing popularity of Korean food products, key players are adopting strategies such as cost effective pricing and lucrative offers to woo the consumers. As consumers are focusing on staying healthy, demand for healthy food products such as protein-rich cereal bars is surging.

Additionally, inclination towards ready-to-eat and instant meals will drive the sales of cereal bars in the Korea market. Hence, leading cereal bar makers are launching plant-based and organic protein bars to improve their revenue. They are also collaborating with local vendors and online platforms to expand their customer base.

As per FMI, preference for “adult-like” flavors such as garlic, green onion, and kimchi has remained steady among Koreans. Whether it be cereal bars, crisps or chips, consumers are opting for these flavors for healthy snacks. Due to immense popularity for these flavors specifically, key players such as Kellogg, General Mills, and Orion are striving to manufacture products in these flavors to woo the consumers. For instance, in 2020, Kellogg introduced green onion based cereal bar in Korea which turned out to be a major win in the country.

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Key Takeaways from the Cereal Bars Market

  • The cereal bars market in Korea is projected to advance at a rapid pace during the forecast period.
  • Growing preference for healthy snacks for munching will drive the sales of cereal bars in Korea.
  • Rising inclination towards healthy food products and advent of super food in cereal bars will spur the demand in Korea.
  • Presence of leading players in Korea to boost the demand in cereal bars market over the upcoming decade.

“Growing intake of healthy snacks to maintain fitness will propel the sales of cereal bars in Korea. Further, fondness for green onion flavor in cereal bars is likely to create new growth prospects for key players.” – Says an FMI Analyst.

Competition Landscape in the Cereal Bars Market

Companies in the cereal bars industry are constantly coming up with new designs and packaging to gain profits in the market. They are also forming alliances with leading e-commerce giants to expand their brand presence and customer base. Some of the leading companies such as the Kellogg Company, General Mills Inc., etc. are eyeing the Korea market to capitalize on growing demand for unique blend of flavors such as green onion. Hence, they are likely to introduce a new range of flavors in Korea to gain revenue.

The Kellogg Company, Orion Confectionary Co. Ltd., and General Mills Inc. are some of the leading players proliferating in the market.

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Recent Developments

  • In 2020, Kellogg announced the launch of green onion-flavored cereal bars to cater to the growing demand for green onion flavor in Korea. This is expected to aid the company to gain competitive edge.
  • In 2022, Nutritional Growth Solutions, Ltd., leading company specializing in clinically studied pediatric nutritional solutions, announced the launch of its Healthy Heights® products in Korea through in collaboration with Korea’s leading online retailer, Coupang Co., Ltd.

Cereal Bars Market Outlook by Category

By Product Type:

  • Snack Bar
  • Energy & Nutrition Bar
  • Protein Bar
  • Granola Bar
  • Others

By Application:

  • Boost Energy
  • Muscle Building
  • Weight Gainer
  • Meal Replacement
  • Lean Muscle

By Flavor:

  • Caramel
  • Chocolate
  • Peanut Butter
  • Honey
  • Others

By Distribution Channel:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • E-Commerce
  • Specialty Stores
  • Others

By Form:

  • Solid
  • Liquid

By Region:

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

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About Future Market Insights (FMI)

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

 Contact Us:

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