Switched Reluctance Motors Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The global switched reluctance motors market size was valued at around US$ 499.3 Mn in 2021 and is expected to surpass a valuation of nearly US$ 950 Mn by 2032, exhibiting a robust CAGR of 6.28% during the forecast period (2022-2032). Rising applications of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, vacuum blowers, etc. is pushing the demand for switched reluctance motors worldwide.

Electric motors powered by reluctance torque are known as switched reluctance motors. When compared to other motor types, these motors provide higher efficiency, greater reliability, and improved performance.

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Because of their simple and robust structure, switched reluctance motors have become ideal motor types for high-speed applications in recent years. They are quickly becoming popular as traction motors in electric and hybrid vehicles. Because of their simple and rugged construction, energy efficiency, and high-speed operation ability, they are also used in wind energy systems and coal mining equipment such as conveyors, cutters, and coal plows.

Switched reluctance motors tend to perform well even in harsh environments, making them suitable for use in nuclear reactors and mines. As these industries expand, so will sales of switched reluctance motors during the forecast period.

Leading manufacturers of switched reluctance motors are constantly innovating to improve the features of switched reluctance motors. They are receiving significant investments from a variety of investors in order to develop next-generation switched reluctance motors for the electric motor market.

Thanks to their simple design, higher energy efficiency, and robustness, switched reluctance motors have gained huge traction across automotive industry where they are used in electric and hybrid vehicles.

Factors such as growing concerns regarding high emission levels of vehicles and implementation of stringent carbon emission levels have prompted both manufacturers and consumers to switch over to electric and hybrid cars.

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According to the International Energy Association (IEA), over 10 Mn electric cars were on the world’s roads in 2020 and this number is further expected to surge in future. As switched reluctance motors are being extensively used in these electric vehicles, rise in their sales will eventually spur the growth in switched reluctance motors market.

Key Players:

  • Infineon Technologies AG
  • Nidec SR Drives Ltd.
  • E. KRETZSCHMAR
  • Domel, d.o.o.
  • MACCON
  • Renesas Electronics Corporation
  • Ramco Electric Motors
  • Regal Beloit Corporation

Key Segments Profiled in the Switched Reluctance Motors Industry Survey

By Product Type:

  • Single Phase
  • Double Phase
  • Triple Phase
  • Multi-Phase

By Application:

  • Electromechanical brake system
  • Fuel Pump
  • Electric Power Steering
  • Hybrid/ Electric Vehicles
  • Vacuum Blowers
  • Other

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Solar Microinverter Market – Dominance of the Leading Companies Over the Global Industry

Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level.

The demand for solar micro inverters is expected to witness a significant upsurge on account of increase in the number of photovoltaic (PV) installations and the need to improve overall system efficiency and safety. In 2016, the global solar micro inverters market is anticipated to register a y-o-y growth of 11.4% over 2015, and reach US$ 488.2 Mn in terms of market value.

The escalating demand for solar micro inverters will continue to penetrate the market for module-level power electronics, owing to falling prices and upcoming products.

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The higher adoption of photovoltaic installations is a key factor driving the growth of the global solar micro inverters market. Moreover, rising preference for fully integrated PV modules or AC Modules, is anticipated to fuel the demand for solar micro inverters. The U.S. National Electric Code (NEC) also favours the usage of micro inverter technology and is driving the demand for micro inverters in the North American market. However, the use of power optimisers as an alternative to micro inverters can restrain the growth of the global solar micro inverter market.

On the basis of system type, the global market for solar micro inverters is expected to be dominated by Stand Alone system sales, followed by micro inverter systems sold for developing AC Modules, named as integrated systems. In 2015, the stand alone solar micro inverter systems procured global market share of 96.7%, and are expected to attain estimated revenues of US$ 471 Mn by 2016-end.

By end-user type, the residential segment of the global market will continue dominance over the commercial segment by attaining a market share of 76.2% in 2016. Among residential end-users, changing consumer preference for more efficient and safe inverter alternative will prompt the replacement of conventional inverters with solar micro inverters. Dropping prices and rising commercial scale PV installations will incite extensive growth in the demand for solar micro inverters among the commercial segment as well.

Due to the varying use of micro inverters across the world, global players are concentrating on regions where awareness about using renewable energy resources is higher. Robust adoption of PV storage systems in the U.S. will continue to fuel demand for solar micro inverters in North America, and the region is expected to attain market value of US$ 282.2 Mn in 2016.

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Moreover, Asia Pacific excluding Japan (APEJ) is expected to be a lucrative region for the growth of the global market. The growing trade of inexpensive inverters in China and India will boost the demand for solar micro inverters in APEJ region. The key players contributing to the growth of the global solar micro inverters market include, SMA, Darfon Electronics, ABB, APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, and Sparq Systems among others.

Long-term Outlook: The global solar micro inverters market is expected to expand at a CAGR of 16.6% during the forecast period 2016-2026. Over the forecast period, North America and APEJ will continue to be the most profitable regions for the growth of the global market for solar micro inverters.

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Organic Acai Juice Market Size Value with Summary of Statistics, Regional Outlook -2027

Organic Acai Juice, as the name suggests, is the juice obtained from organically cultivated acai berry fruit, which consists of exceptional nutritional quality and is one of the most popular super-fruit. Organic acai juice is a certified USDA product consisting of a single serving of fruit. Organic acai juice involves the absence of artificial flavors and presence of acai berries which are grown and gathered from their natural and native habitat, in an eco-friendly manner.

This indirectly means that there should not be any involvement of man-made chemical or unnatural interventions, herbicides or pesticides. Organic acai juice does offer health benefits, due to some features associated with its source that is acai berry, including resists harmful organisms, aids consumers in weight loss, helps in digestion, reduces irritation in the lungs, improves brain functioning, boosts energy, and much more.

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Organic Acai Juice Market Drivers and Trends:

The factors contributing to the growth of organic acai juice market are easy availability of the juices to the consumers with the help various hypermarket, supermarkets, convenience stores, and others, growing interest of the consumers towards organic food and beverages due to their awareness about health benefits offered by organic products which doesn’t contain any artificial ingredients, and consumers living an on-the go lifestyle generally prefer drinks consisting the extracts of all natural nutrients.

Consumers from the developed countries get attracted towards organic acai juice market because it provides significantly more natural antioxidants including vitamin C and Vitamin E, and minerals than juices of other fruits such as oranges and blueberries. In the current scenario, diabetic patients have increased globally due to the lifestyle which they follow, this factor also contributes to the growth of natural, sugar-free organic acai juice market.

Organic acai juice manufacturers need to launch new versions with innovative packaging to attract consumers, as there are a lot of varieties of juices available for consumers being produced by competitors of organic acai juice. One major threat to organic acai juice market is the growth of acai berry, which in turn can get affected by the growth of nutraceutical industry.

Organic Acai Juice Market Segmentation:

The organic acai juice market is segmented on the basis of end use, distribution channel, and packaging type. On the basis of end use, the organic acai juice market is segmented into HoReCa and household. On the basis of the distribution channel, the organic acai juice market is segmented into direct and indirect. The indirect segment is further segmented into modern trade, specialty stores, online stores and other retail stores.

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On the basis of packaging type, organic acai juice market can be segmented into sterile filled bag-in-box, plastic drum, plastic container, stainless steel container and steel drum. In the European market, generally, fruit juices are packed for retail market with the help of glass, plastic and other elements. The packaging of the organic acai juice should be able to protect the organoleptic and quality characteristics of the product, the product should remain uncontaminated from bacteriological and other contamination, and the product doesn’t suffer from moisture loss, dehydration and from any sort of leakage.

Organic Acai Juice Market Regional Outlook:

The regional segment for the market of organic acai juice is divided into seven different regions: Western Europe, North America, Eastern Europe, Latin America, APEJ, Middle East & Africa and Japan. North America leads global organic acai juice market, due to increased awareness of health benefits offered by organic products, among its consumers. Brazil also possesses a high demand of organic acai juice among its citizens. Asia Pacific is anticipated to show significant growth in its organic acai juice market in the forecast period due to increase in its acai berry fruit market.

Organic Acai Juice Market Key Players:

The key player in the organic acai juice market only includes Sambazon, Inc., Zola, Biovea, R.W. Knudsen Family, Organic Rainforest Company, and Organique Acai USA.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Organic Acai Juice Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5 years.

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Beetroot Powder Market – Business Opportunities, Key Companies and Global Forecast to 2032

The new report published by Future Market Insights. According to this report, the beetroot powder market has been experiencing significant growth; however, it is still at a growing stage compared to other products in the market. Growing popularity of beetroot juice is one of the significant reasons for the growth of the global beetroot market.

The global beetroot powder market is expected to exhibit a robust CAGR of 5.0% in terms of value, over the forecast period. In terms of volume, the global beetroot powder market stood at 6, 90,000 Tons in 2016, and is expected to reach 1,138,232 Tons by 2027 end, at a CAGR of 4.7%.

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Global Beetroot Powder Market: Drivers

  • Growing preference of beet root powder by athletes
  • Growing preference for organic beet root powder products
  • Longer shelf life eases usage and transportation
  • Versatility of applications of the beetroot powder
  • Increasing demand for gluten free and vegan products
  • Increasing demand for cosmetics made with natural ingredients
  • Increasing demand for vibrancy in appearance of food products
  • Increasing demand for ingredients with detoxification properties
  • Increasing demand for ingredients with detoxification properties

Global Beetroot Powder Market: Forecast by Region 

This report has covered seven regions such as, North America, Latin America, Eastern Europe, Western Europe, APAC, Japan and MEA. North America beetroot powder market is expected to exhibit a decent CAGR of 5.2% and 5.1% in terms of value and volume respectively. North America beetroot powder market is estimated to be valued at US$ 4,906.5 Mn by the end of 2027. On the other hand Western Europe beetroot powder market is estimated to be valued at US$ 5,166.1 Mn by the end of 2027 and is expected to expand at a CAGR of 5.3% over the forecast period.

Global Beetroot Powder Market: Forecast by Product Type

There are two segments namely organic and conventional. The organic beet root powder product type is expected to show a high absolute $ opportunity of US$ Mn 5,149.97 over the forecast period. Organic beetroot powder market is estimated to be valued at US$ 13.70 Bn by the end of 2027 and is expected to expand at a CAGR of 5.1% over the forecast period. Conventional beetroot powder market is expected to exhibit a CAGR of 4.5% in terms of volume over the forecast period, and is also expected to witness an absolute $ opportunity of US$ 4,310.60 Mn.

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Global Beetroot Powder Market: Forecast by End Use

On the basis of end use segment the global beetroot powder segment is mainly categorized in to food & beverages and industrial segments. Food & beverages segment is further sub-segmented into bakery, confectionary, food colorants, sweeteners and Others. On the other hand, industrial segment is further sub-segmented into chemicals, nutraceuticals, pharmaceuticals, cosmetics, and textiles. Industrial segment beetroot powder market is estimated to be valued at US$ 8,573.4 Mn by the end of 2027 and is expected to expand at a CAGR of 4.7% over the forecast period.

Global Beetroot Powder Market: Key Players 

The key players operating in the global beetroot powder market are as follows-

Windmill Organics Ltd., Lush Retail Limited, STADA Arzneimittel AG, Mountain Rose Herbs, Changsha Vigorous Tech Co., Ltd, Z Natural Foods, LLC, Indigo Herbs, MARUDHAR FOODS PRIVATE LIMITED, Ecuadorian Rainforest, LLC, and Organic Herb Inc.

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By Type

  • Organic
  • Conventional

By End User

  • Food & Beverages
    • Bakery
    • Confectionary
    • Food Colorants
    • Sweeteners
    • Others
  • Industrial
    • Chemicals
    • Nutraceuticals
    • Pharmaceuticals
    • Cosmetics
    • Textiles

About FMI

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

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Dried Soup Market Porter’s Analysis & Regulatory Landscape, Key Companies, Segmentation, Key Players Analysis and Forecast to 2032

The dried soup market is set to witness growth at a CAGR of 3.2% and is anticipated to reach a valuation of around USD 2.7 Bn by 2032.

Growing demand for ready-to-eat foods is expected to be a major driver of the growth of the dried soup market. Increasing consumer awareness of consuming healthy and nutritious foods is expected to boost the growth of the global dried soup market.

Dried soups are superior to other types of soups, such as canned soups and moist concentrated soups, so they hold a large share in terms of consumption in the soup industry. Dried soups with gluten-free and organic ingredients Soup availability is expected to boost the growth of the dried soup market.

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The high corn and salt content in dry soup mix raises blood sugar and blood pressure, is said to be unhealthy, and may hamper the growth of the global dried soup market.

These ready-to-eat soups are especially popular among the working class as a quick and nutritious meal option. Soups that are dried have a longer shelf life and retain their nutritious value. Dried soups are available in cups and pouches at grocery stores and come in a range of flavors.

The dried soup market is likely to grow throughout the forecast period, owing to factors such as rising disposable income and increased customer demand for ready meals. Dry soups are being propelled forward by the addition of nutritious dietary items such as vegetables and lean meat, as well as individualized additives.

Concerns about the safety of specific preservatives used in the mix are preventing the dry soup mix industry from expanding. Nonetheless, the launch of organic soups, as well as product and packaging improvements, is expected to create attractive chances for the main players in the dried soup market over the forecast period.

Key Takeaways from Market Study

  • The dried soup market sector in the United States is estimated to grow fast over the forecast period due to changing customer desires for convenience foods.
  • Manufacturers are encouraging 16- to 24-year-olds to eat dry soup mix more frequently as a snack at home which is increasing the global adoption of dried soup.
  • The demand for dehydrated dry soups is significantly greater than that for fast dried soups. Sales of dehydrated dry soup currently account for more than a third of the global dried soup market.
  • Dried soup market players are using unique and eye-catching pouch packing solutions that are both practical and efficient.

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“With an increasing working-age population and hectic lifestyles, there is little time to prepare a nutritious and balanced meal. As a result, there has been a significant increase in demand for ready-to-eat foods all across the world. These foods satisfy consumers’ nutritional needs as well as a wide range of preferences. Furthermore, the introduction of high-value gluten-free and organically dried soup types is expected to stimulate demand.” says a Future Market Insights analyst.

Competitive Landscape

Several companies are prioritizing product approvals, product launches, and other organic growth techniques such as patents and activities. Two business expansion strategies that were noticed in the dried soup market were acquisition and partnerships & partnerships.

These measures have cleared the way for market participants to expand their client base and revenue. Market players in the dried soup market are likely to benefit from favorable growth opportunities in the future, owing to rising demand for dried soup in the global sector.

Recent Developments

  • In February 2020, Knorr launched 3 different flavored vegan soups in the UK. These products were part of the company’s “Cheat on Meat” campaign.
  • In October 2019, Amy’s Kitchen launched a new line of soup products in a new packaging format to appeal to a wider audience. At the same time, the company is opening a new facility in New York to increase its sustainable production capacity.

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Explore More Valuable Insights

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

The study offers compelling insights based on Product (Dehydrated Dried Soups, Instant Dried Soups) Packaging (Pouches, Cups, Boxes) Sales Channel (HORECA, Modern Trade, Convenience Stores, Online Stores, Others), across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

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

About FMI

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

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Herb & Spice Extracts Market Latest Research Highlighting, Key Companies, Current and Future Trends to 2027

The herb & spice extracts market is set to witness growth at an average CAGR of 5.1% and is anticipated to reach a valuation of around USD 23.9 Bn by 2032 while it holds a revenue of USD 14.5 Billion in 2022.

FMI’s research report on herb & spice extract market explains that the seeds, stems, and flowers of herbs are used to make herbal extracts. Spice extracts are sweet and pungent and are derived from stems, nuts, berries, barks, and vegetables. Spice and herb extracts have been used in meals and beverages, as well as medications, to impart flavors, colors, and preserve consumer goods.

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Herb and spice extracts are also used in packaged food to enhance the flavor. Before adding these herbs and spices to the food, the herbs & spices are processed, distilled, and extracted through multiple temperatures for its wider food applications, pushing the demand for herb & spice extracts.

Increased interest in novel flavors and greater customer awareness of health issues are driving demand for organic spices and herbs. Millennials are very interested in the many flavors and cuisines that reflect regional cultural variations.

The extract and essential oils extracted from these plants are further used in chronic diseases and their prevention. Medicinal use of these herbs and spice extracts fuels the market growth.

Spices and herbs provide customers with numerous health benefits, including lowering blood sugar levels, improving brain function, strengthening immunity, carrying anti-inflammatory properties, and many others. Spices and herb extracts are also an excellent source of key nutrients, making them a significant food component for creating a variety of tasty and nutritious dishes. These natural elements are also responsible for the aroma, flavor, and color of the foods, which will drive the industry for the next few years.

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Key Takeaways from Market Study

  • Small-scale farmers in locations like the United States, where spices and herb extracts are in high demand, have a lot of trade potential on the market.
  • Shifting client preferences, healthy living practices, and a predilection for Asian cuisines such as Japanese and Chinese are driving the market in Germany.
  • Consumers in China are developing a craving for new and exotic spices and flavors as western foods become more accessible and widespread.
  • Brazil controls the South American market for spices and herb extracts, which are used in a variety of culinary and beverage applications, particularly in bakeries.
  • Increased demand for spices, seasonings, and condiments in food and beverages is likely to fuel segmental growth.
  • Spices and herbs have traditionally been associated with Indian and Chinese cuisines, and they have been used to maintain and improve human beauty.

“Spices and seasonings offer a wealth of medical and physiological benefits. Spices improve the flavor and taste of food and have several health benefits. Antiviral and antibacterial properties, as well as traces of essential nutrients are found in most spices. The future for the herb & spice extracts industry looks promising as people become more health conscious, using extracts for healing. Modern lifestyle has pushed end users to use the organic and natual content present on Eart to use the essential oils it produces for healing and disease prevention. Herb and Spice extracts are growing in popularity due to their high antioxidant content, ability to decrease blood sugar and prevent diabetes, and enhancement of both skin and cognitive performance.” says a Future Market Insights analyst.

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Competitive Landscape

R&D projects are prioritized by herb and spice extract manufacturers in order to give clients new and enhanced products, helping the herb & spice extract market gain more traction. Companies build partnerships with other manufacturers in order to develop products that will meet their customers’ needs. Manufacturers are also investing heavily in advanced manufacturing technology in order to improve process efficiency while reducing manufacturing costs and time.

  • For example, Synthite Industries Ltd. has included Farmtech, a backward-integrated raw-materials sustainable initiative, to work directly with farmers and ensure the quality of fresh ingredients.
  • Nutrispice is a unique startup that goes through a mixture of ancient wisdom and modern science that creates natural health supplements and ingredients that provides authenticity and originality. This pushes the sales of herb & spice extracts.

Herb & Spice Extracts Market by Category

By Product Type, Herb & Spice Extracts Market is Segmented as:

  • Herb Extracts
  • Spice Extracts

By Form, Herb & Spice Extracts Market is Segmented as:

  • Powder
  • Liquid
  • Others

By Application, Herb & Spice Extracts Market is Segmented as:

  • Food
    • Sauce/dressing/condiments
    • Confectionery/bakery
    • Dairy products
    • Others
  • Beverages
    • Juices
    • RTD Tea
    • Alcoholic beverages
    • Traditional homemade drinks
    • Others
  • Personal Care
    • Skin Care
    • Hair Care
    • Perfumes & Fragrances
    • Aromatherapy
    • Others
  • Nutraceutical
  • Pharmaceutical
  • Others

Explore More Valuable Insights

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

The study offers compelling insights based on Product Type (Herb Extracts, Spice Extracts), Form (Powder, Liquid), Application (Food, Beverages, Personal Care, Nutraceutical, Pharmaceutical), Sales Channel (Direct sales, Indirect sales), across seven major regions of the world.

About FMI

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

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Oryzenin Market Leading Challenges for Manufacturers, Key Companies, Product Type Analysis & Forecast-2032

Future Market Insights (FMI) has published a new report, which is titled, “Oryzenin Market: North America to Dominate the Global Oryzenin Market in Terms of Revenue: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022).” According to the report, oryzenin is a much better alternative as compared to barley, wheat, and rye as it does not lead to any kind of allergies or disorders such as the celiac disease and this is a key factor boosting its demand worldwide.

Consumers seeking lactose free and gluten free source of protein are extensively demanding oryzenin, as it is safe and does not cause any disorders relating to digestion. As per FMI, the global oryzenin market will reach an evaluation of US$12 mn by 2022, expanding it robust CAGR of 7.3% between 2017 and 2022

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The market for oryzenin is also expected to be boosted by the increasing incidences of gastrointestinal diseases, celiac disease, and irritable bowel syndrome. As the demand for rice protein is increasing on account of its functional properties, the demand for oryzenin will also grow. This is because oryzenin is a glutelin type which is found in the seeds of rice. Some of the other factors impacting the growth of this market include the low cost of producing rice proteins, high protein content, and high gelling properties.

On the basis of geography, the global oryzenin​ market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, it is estimated that North America will emerge as the most lucrative regional market for oryzenin and expand at a healthy CAGR of 9% between 2017 and 2022.

By product type, it is estimated that the isolate segment will lead in the market and expand at a healthy 8.3% CAGR from 2017 to 2022. This segment is also estimated to gain the highest BPS by the end of the forecast period. The report also states that the concentrates segment will exhibit high growth potential in the years to come and exhibit a remarkable CAGR throughout the forecast period.

All these aforementioned factors are the reasons behind the extensive use of oryzenin in the food and beverage industry. The increasing health awareness, use as an enhancer for boosting nutritional value in food products, and growing use in sports nutrition will spur the growth of this market worldwide.

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On the basis of form, the dry segment is witnessing high growth rate exhibiting an 8.8% CAGR from 2017 to 2022. The drive segment is estimated to gain the highest VPS by the end of the forecast period. On the other hand, the liquid segment holds high share in the market as compared to the dry segment and this trend is estimated to continue for the rest of the office period.

On the basis of application, the bakery and confectionery segment has witnessed the highest growth rate for oryzenin, closely followed by the sports and nutrition segment. The sports and nutrition segment is estimated to gain high BPS in the years to come. In fact the sports and nutrition segment is not only leading currently but is estimated to continue to do so in terms of revenue through 2022.

The report profiles leading players within the global oryzenin market for the purpose of study. These players are:

  • Kerry Group PLC
  • Aidp Inc.
  • Shenzhen Beike Biotechnology Co. Ltd.
  • BENEO GmbH
  • Axiom Foods, Inc.
  • Ribus, Inc.
  • Golden Grain Group Limited
  • Rice bran Technologies, Inc.
  • Bioway (Xi’An) Organic Ingredients Co., Ltd. and The Green Labs LLC.

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Dairy Alternatives Market Growth, Key Companies, Future Prospects and Competitive Analysis 2032

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of Dairy Alternatives are estimated to reach a value of US$ 123,634.7 Mn by 2032, surging at 14.7% CAGR through the decade.

Dairy alternatives are plant-based foods and beverages that can be used to replace dairy products in a healthier way. Dairy alternatives are considered healthful due to the presence of a number of essential vitamins and minerals in dairy products. Concerns about hormones, pesticides, and antibiotics in dairy products are driving demand for dairy alternatives.

Rather than using milk as raw material, a variety of new and innovative beverage firms are using dairy alternatives as to the foundation component. Customers’ rising need for a variety of beverage options has resulted in a variety of dairy-free flavored beverages. Lactose-intolerant consumers are also seeking a variety of milk-based dairy substitute beverages, which is driving the market forward.

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The Asia Pacific, excluding China, dominates the worldwide dairy alternative market, followed by Europe, North America, Latin America, the Middle East, and Africa. The Asia Pacific accounts for a large portion of the market and is likely to drive regional demand for dairy substitutes in the future years.

The regional sector has grown in size due to rising demand for nutritional and healthy products, as well as a shift in customer tastes toward a vegan diet. Favorable government policies to boost import, export, production, and distribution in key economies like China, India, Japan, Malaysia, and Indonesia would lift regional business statistics even higher.

Key takeaways from market study

  • Dairy alternatives have evolved as a safe substitute for dairy products because they are obtained from natural sources and extracted naturally.
  • The Dairy Alternatives Market grew at a CAGR of 13.6 percent from 2017 to 2021.
  • Plant-based milk replacements that are vegetarian-friendly are expected to put pressure on India’s traditional dairy industry.
  • Vegan milk is widely available in India, with brands such as Sofit and Staeta’s almond and soy milk.
  • In the United States, rising consumer demand for sweetened flavored soy and almond milk is expected to fuel the dairy alternatives market.
  • In response to consumer demand, Sainsbury’s has increased the number of dairy-free milk brands it offers, with around 300 shops in the U.K.
  • With such a high number of lactose-intolerant persons in Brazil, vegan and plant-based options are gaining popularity.
  • Sugar reduction, healthy eating, and more protein and fibre content in food are three major trends affecting the Brazilian food business.

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“Vegan or flexitarian diets are expected to create attractive opportunities for the dairy substitutes market to grow, as well as widespread condemnation of animal cruelty and the dairy sector’s greenhouse gas emissions, which have increased dramatically in recent years and are negatively impacting the dairy industry. In both affluent and developing countries, this has raised concerns and spurred demand for dairy alternatives”, says a lead analyst at Future Market Insights.

Competitive landscape

The majority of dairy alternatives manufacturers are vertically integrated through established procedures in the end-user phase of the value chain. As a result, a number of major companies are developing dairy-free goods, as well as beverages made with substitutes like almond or soy milk. For industry participants, new product development in the food and beverage industry to offer alternatives to milk-based commodities is expected to be a significant success factor.

For example, the Hershey Trust Company’s Sofit brand, which is available in the Kesar Pista flavor, has been designed to appeal to Indian clientele.

Some of the major companies in the market are SunOpta Inc., Hain Celestial Group, Inc., Oatly, Danone, Daiya Foods Inc., Vitasoy International Holdings Limited, Living Harvest Foods Inc., Melt Organic, Earth’s Own Food Company Inc., Ripple Foods, The Whitewave Foods Company, ADM, Nutriops, S.L., Eden Foods, Inc.

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

By Source:

  • Soy
  • Almond
  • Rice
  • Coconut
  • Oats
  • Others

By Product:

  • Regular/ Unflavored
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)
  • Flavored
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • Direct Sales/ B2B
  • Indirect Sales/ B2C
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Mass Grocery Retailers
    • Specialty Stores
    • Online Retail

About FMI

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

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Non Fat Dry Milk Market Study Based on Shares, Key Companies with Future Growth Scenario-2032

The non – fat dry milk market is valued at US$ 7.66 Bn in 2021. The market is projected to grow at a CAGR of 3.1% through 2022, reaching US$ 7.9 Bn by 2022.

Non fat dry milk, better known as powdered milk have many benefits which has led to the growth of this market across the globe. The shelf life of nonfat dry milk is much more than that of liquid milk and this is also a primary reason, boosting its demand.

In addition to this, non fat dry milk thickens food products. Future Market Insights (FMI) has published a new report, which is titled, “Non Fat Dry Milk Market: Asia-Pacific Excluding Japan (APEJ) to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022). According to the report, the key factor bolstering the growth of this market is the extensive use of nonfat dry milk to prepare meat products, soups, cakes, puddings, as well as many confectioneries.

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Other benefits of non fat dry milk, which are boosting its demand include the fact that it is a cheap source of non fat dairy solids, can be easily transported without many precautions, a good source of functional dairy solids, and can be considered as a temporary replacement for whey proteins.

Yet, there are a few drawbacks of using non fat dry milk, that have a negative impact on the growth of the global non nonfat dry milk market. Increasing prices of non fat milk, altering taste, and a loss of original richness are some of the factors that are expected to restrict the growth of this market. . These aspects are hindering the growth of the global nonfat dry milk market.

Non powdered milk is available both in the instant and non instant form. Soups, puddings, and cakes are some of the items in which this type of milk is used. Nonfat dry milk helps retain the thickness of a food item by its rich texture and thus, finds its use in cereals and milk beverages. As per the research report by FMI, the global nonfat dry milk market will reach the figure of US$7.9 bn by 2022 and expand steadily during the period from 2017 to 2022.

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On the basis of geography, the market is segmented into Asia Pacific except Japan or APEJ, Europe, North America, and the Rest of the World. Of these, it is estimated that the most lucrative market for non fat dry milk market will be APEJ. This region is slated to expand at a 3.8% CAGR from 2017 to 2022. Apart from APEJ, it is expected that North America will also show promising growth opportunities for the non fat dry milk market.

The high heat segment is predicted to lead in the global nonfat dry milk market, by product. This segment showed the highest market share in 2017, and this trend is expected to continue throughout the forecast period as this segment also shows the highest growth rate in the forecast period, that of 4.5% CAGR during the period of 2017 to 2022 and is also predicted to gain a high BPS by the end of 2022.

With respect to growth rate and market share, other retail formats segment also shows high potential. Also, in comparison to the modern trade segment, this segment shows a comparatively high growth rate. This segment is slated to have the highest BPS by the end of 2022 and is expanding at a CAGR of 3.6%.

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Non-Fat Dry Milk Market By Category

By Product Type:

  • High-heat
  • Medium-heat
  • Low-heat

By Sales Channel:

  • Modern Trade
  • Traditional Grocery Store
  • Convenience Stores
  • Online Channels
  • Direct Sales

By Application:

  • Home Reconstitutions
  • Dairy Whiteners
  • Bakery and Confectionery
  • Desserts
  • Ice-cream
  • Dairy Blends
  • Snacks
  • Nutritional Supplements

By Region:

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

Key players within the global non fat dry milk market are profiled in this report for the purpose of study. The business and financial overview of these companies have also been analyzed in the report. Along with this, the information on the various expansion strategies adopted by leading players is given. Some of the key players operating in this market are: SunOpta, Inc., Blue Diamond Growers, Inc., Danone, OATLY A.B, Organic Valley Cropp Cooperative, Eden Foods Inc., The Hain Celestial Group, Inc., and Earth’s Own Food Company Inc.,

About FMI

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

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Specialty Food Ingredients Market Extensive Data & Key Companies, Revenue Forecast, Volume Forecast with Company Ranking-2032

As per the recent specialty food ingredient market report by FMI, the overall size of the market in 2022 to be around US$ 85 Billion. The specialty food ingredient market share is set to witness growth at a CAGR of 5% and is anticipated to reach a valuation of around US$ 135.4 Billion by 2032.

Specialty ingredients are the most important items that ensure the safety of a wide range of processed foods. Due to increased application of the product in numerous domains such as food and beverages, the global market value for specialty food ingredients has expanded enormously. US, China, Brazil, and Germany are the major countries driving demand for Specialty Food Ingredients Market. The popularity of on-the-go drinks and the demand for healthy drinks as a desirable class of food options in China, a variety of convenient container forms have emerged.

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The global specialty ingredients market is predicted to increase as a result of the growing population of health-conscious customers and their changing dietary choices. The sales of specialty food ingredients is also growing these days because of their unique traits and features, such as nutritional enhancement, coloring, emulsification, improving shelf life and stability, and preservation. Because of its versatility and wide range of applications, the market for specialized ingredients is rapidly expanding.

Key Takeaways from Market Study

  • As a result of people’s expanding knowledge of food quality, specialty foods are surpassing their non-specialty counterparts in practically every category.
  • The majority of developed countries, including Germany, have easy access to low-cost, high-calorie fast food and ready meals. As a result, the average body mass index (BMI) in the country has increased.
  • The demand for specialty food ingredients market in Europe is expected to grow at 25.7% CAGR between 2022 and 2032.
  • Brazil’s expanding consumer purchasing power and desire for innovative, safe, and high-quality food products are well-known.
  • China Specialty Food Ingredients market is projected to grow at a CAGR of around 4.9% over the next ten years.
  • Due to their high activity, enzymes are used to manage flavor, texture, processing time, shelf life, and the need for fewer chemical additions.
  • Natural colorants are anticipated to experience a strong increase in demand during the whole forecast period due to consumers’ increased preference for clean label products.

“To process the ingredients, processing aids, flavor components, and reagents, numerous organic methods have been developed. A noteworthy market trend is the shift in demand for organic foods. The aforementioned elements might immediately affect market expansion. The global market for specialized food ingredients is being driven by rising demand for quick meals, as well as rising income levels and living standards among the expanding urban population.” says a Future Market Insights analyst.

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Competitive Landscape

The global as well as regional specialty food ingredients market is extremely competitive because there are many fully integrated multinationals with well-established distribution and procurement systems all over the world. Around the world, people hold artificially produced food products to lower standards than organic specialty food ingredients. The use of minimal artificially produced substances, strict adherence to regulations, and organic raw material processing methods are the primary causes for worry at the moment.

Some of the leading specialty food ingredients market playersare Evonik, Archer Daniels Midland Company, PPG Industries, KF Specialty Ingredients, Koninklijke DSM N.V., Specialty Commodities Inc., Ingredion Incorporated, Prinova Group, LLC, Naturex, Kerry Group Plc, E. I. Dupont De Nemours and Company, Cargill Inc., Frutarom, Woodland Foods Inc., Tate & Lyle Plc, AmTech Ingredients LLC, Roquette Frères S.A., Vidhi Specialty Food Ingredients Limited, and Sensient Technologies Corporation.

  • In 2021, International Flavors & Fragrances declared the completion of its merger with DuPont’s Nutrition & Biosciences Business. Due to the deal and the strategic alliance, the firm is expected to hold leadership positions in the high-value ingredients and solutions for the Food & Beverage, Home & Personal Care, and Health & Wellness markets.

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

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The study offers compelling insights based on Nature (Organic, Conventional), by Type (Antioxidants, Colorants, Others), by End-use (Food and Beverages, Personal Care, Others), by Distribution Channel (Direct, Indirect), across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

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

About FMI

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

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