Market Research Blog

The global induction furnace market is estimated to exceed US$ 1,500 Mn by the end of 2032. The sales of induction furnaces are expected to total US$ 900 Mn by 2022, accelerating at a CAGR of 5% to 6% during the forecast period 2022-2032. Rising shift from conventional combustion furnaces, owing to the rising electrification trend and growing environmental concerns regarding carbon emission is propelling the demand for induction furnaces in the market.

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Induction furnaces are electrical equipments that work on the principle of electromagnetic induction for processing and melting raw materials, particularly metals, at high temperatures. The capacities of these furnaces range from less than one kilogram to one hundred tons and above and are widely used to melt ferrous and non-ferrous metals such as steel, iron, copper, aluminum, zinc, precious metals, and others.

These electrical industrial equipments are gaining huge traction across diverse metal manufacturing and metallurgy sectors, owing to their favorable attributes such as oxidation-free product, clean, and well-controlled melting process in comparison to other means of metal melting. As, they operate on smoke-free and energy-efficient systems including an induction coil, tilting equipments for pouring molten metal, and a cooling system.

Attributed to this, induction furnaces are increasingly being adopted across iron & steel making, metal component manufacturing, non-ferrous metal production, aluminum manufacturing, others. This is projected to augment the demand for induction furnaces in the global market.

Market Competition

Some of the leading players in the induction furnace market are Epcon Industrial Systems, Electrotherm, ANDRITZ AG, International Thermal Systems LLC, Danieli, DongXong, SMS, Meltech, Doshi, Carbolite Gero Limited, LP, Gasbarre Products, Inc., Ipsen International GmbH, NUTEC Group, Thermcraft Incorporated, and Nupro Corporation.

The market for induction furnace is highly competitive, due to large number of participants and increasing investment in development and introduction of induction furnace by leading players.

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Key Segments Profiled in the Induction Furnace Market Survey

By Type:

• Coreless Induction Furnace
• Channel Induction Furnace
• Rollover Induction Furnace

By Furnace Capacity:

• Below 1 Ton
• Between 1 to 100 Tons
• Above 100 Tons

By End Use:

• Steel Industry
• Copper Industry
• Aluminum Industry
• Zinc Industry
• Other Metal Manufacturing Industry

By Region:

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

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About Us

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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Ventilation is the control of air amount, its direction and movement. The lack of proper ventilation, often, will cause decreased productivity and lower worker efficiency, increased absenteeism and accident rates. A mine ventilation system is used for the circulation of adequate quality and quantity of air in mines.

These systems include airways, fans and control devices to restrict or direct air flow, filter the air and systems for monitoring air quantity and quality. Mine ventilation systems market are more commonly used in closed mines than open mines.

Mine Ventilation System Market: Drivers

The increasing demand for minerals globally, combined with stabilized metal prices, is expected to boost the mining industry in the coming years, which in turn is expected to drive the growth of the mine ventilation system market over the forecast period.

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Moreover, substantial investments have been made, especially in Eastern Europe, for the expansion of the mining sector. Additionally, Russia has been a prime region of focus for investors as the country has vast reserves for the abstraction of several kinds of minerals.

This, in turn, is anticipated to surge the demand for mine ventilation systems in the coming years. That apart, without the use of mine ventilation systems, machinery could be damaged, operatives could be exposed to dangerous hazards and operational activity could suffer.

This is also expected to increase the demand for mine ventilation systems over the forecast period. Furthermore, the increasing demand for mine ventilation systems from the cement industry is also projected to also drive the growth of the market in the coming years.

The global food hydrocolloids market is predicted to generate robust growth opportunities by generating a CAGR of 5.2% throughout the forecast period from 2022 to 2032. The global market is expected to reach a valuation of US$ 8.7 Bn by 2022. According to the FMI analysis, the food hydrocolloids market accounted for around 10% of the global food additives market, which was valued at US$ 83 Bn in 2021.

According to the research conducted by Future Market Insights, it has been estimated that the multi-functionality of food hydrocolloids, rising health consciousness combined with the increasing demand for bakery and confectionery items are the key factors contributing to the growth in the market. As per the study, dominant market players are heavily investing their resources in research and development (R&D) activities in order to develop new products and meet the growing demand for processed and convenience foods.

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On the basis of historical analysis held by Future Market Insights (FMI), global food hydrocolloid sales surged at a stable CAGR of about 4.5% between 2017 and 2021. Growth in the market is attributed to a surge in rising preference for natural food additives and health consciousness across the globe. In addition to that, increasing emphasis on health and nutrition along with the surging need to curb the global burden of lethal diseases like obesity, diabetes, and food allergies is driving the demand for fat substitutes.

Various kinds of stabilizers are being produced only as texturizers and emulsifiers, which has boosted the demand for food hydrocolloids. Various doctors and healthcare professionals are projected to be benefitted from the prophylactic impact of hydrocolloid dressing. It is specifically utilized to prevent facial pressure and facial markings during the use of medical protective equipment.

Key Takeaways

• According to recent studies, natural ingredient goods are projected to gain immense popularity among various manufacturers and end users all over the world. As a result of this trend, a surging number of businesses are concentrating their efforts on obtaining food components and raw materials under ideal circumstances.
• Attributing to the stringent regulations, they have assisted to decrease the environmental impact of production. Dominant companies in the global food hydrocolloids market are adopting strict procedures and various clean-label trends. This comprises operations including sorting, cleaning, and grading, in which the processing company has strictly followed various extraction standards and hygiene regulations.
• Food hydrocolloids are excessively utilized in bakeries and confectionaries in order to keep the food fresh even during its frozen condition in order to prevent staling. These chemicals are utilized for storage purposes by increasing water retention capacity and preventing ice crystal formation during frozen storage. Furthermore, the food hydrocolloids have no effect on the flavor or fragrance of the baked or confectionery products, in addition to having a low-fat content.
• Xanthum gum is known as a bacterial hydrocolloid formed with the fermentation of carbohydrates by the bacterium Xanthomonas Campestris. As a result, the demand for xanthan gum is increasing due to its low-cost alternative to guar gum in a variety of food applications such as salad dressings, non-fat milk, sauces, and others.

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Competitive Landscape

The global market for food hydrocolloids is consolidated and combined with various prominent global manufacturers present. The products which are popularly surging with clean-label ingredients are responsible for a large increase in global demand. In order to broaden their portfolios and fulfill market demands, various multinational organizations in the industry are focusing on new product launches and strategic expansions.

• Cargill Incorporated
• CP Kelo US Inc.
• Koninklijke DSM N.V.
• Archer Daniels Midland Company
• Fuerst Day Lawson
• Ingredion Incorporated
• Rico Carrageenan
• Ashland Inc.
• Hispanagar, S.A
• Kerry Group plc

More Insights into the Food Hydrocolloids Market

The Asia Pacific market is expected to dominate the global food hydrocolloids market as it is considered one of the fastest-growing markets with China possessing for lion’s share, according to FMI estimations. China is known as a prominent producer and user of food hydrocolloids, with a diverse range of industries including personal care, food, and beverage, gas, and oil, among others. In addition to that, China is also known as one of the world’s largest producers of seaweed hydrocolloids. Due to its increased usage in the production of dairy-based items such as yogurt, burgeoning demand for food hydrocolloids in the dairy industry is extensively used for thickening and stabilizing will boost the market.

Growth in the U.S. food hydrocolloids market is bolstered by surging demand for chemicals in order to curb the utilization of oil and fat in food products. Food hydrocolloids act as an oil and fat barrier in fried dishes.

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Food Hydrocolloids Market by Category

By Type:

• Gelatin
• Carrageenan
• Xanthan Gum
• Alginates
• Agar
• Pectin
• Gum Arabic
• Locust Bean Gum
• Other Types

By Application:

• Bakery and Confectionery
• Meat and Poultry Products
• Beverages
• Dairy Products
• Sauces and Dressing
• Other Applications

By Source:

• Plant
• Animal
• Microbial
• Seaweed
• Synthetic

By Function:

• Thickener
• Stabilizer
• Coating Material
• Fat Replacer
• Gelling Agent

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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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According to Future Market Insights, the market for bridge bearings surged at a CAGR of 4.1% from 2013 to 2021. Bridge Bearings Market is projected to reach US$ 935 Mn by 2028, registering a CAGR of 4.8% during the forthcoming forecast period

The presence of numerous global as well as regional players has led to widespread fragmentation in the global Bridge Bearings Market. With increasing adoption of bridge bearings in the global construction sector, players in the market are focussing on strengthening their base in the early stages of product development.

A new report by leading research firm Future Market Insights studies the growth trajectory of the global bridge bearings market for a 10 year period from 2018 to 2028 and throws light on the current market structure and key strategies adopted by the leading market players.

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According to the research analysis, revenue from the sales of bridge bearings is projected to reach a valuation of US$ 935.0 Mn by the end of 2028, up from an estimated US$ 586.2 Mn by 2022 end, registering a CAGR of 4.8% during the forecasted 10 year period 2022 – 2028.

Future Market Insights’ Recommendations for Market Players
The report reveals that China is currently the most prominent regional market for bridge bearings. Growth in the production of steel in China has led to increasing demand for bridge bearings and this demand is anticipated to remain on an upward swing in the coming decade.

Increasing investments in transportation infrastructure in the countries of Latin America and Middle East & Africa is further expected to lead to a surge in sales of bridge bearings in these two regional markets. With manufacturers of bridge bearings looking to expand strategically across key regional markets, Future Market Insights recommends key players to pump in investments in the developing markets of China, MEA, and Latin America.

Mergers and acquisitions are a key strategy adopted by market players, and according to Future Market Insights’ analysis, M&A activities in developing markets will help manufacturers of bridge bearings expand their product offerings.

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Boost in Governmental Investments Towards Global Infrastructure Projects and Growth in Construction Activities to Create Lucrative Opportunities for Manufacturers of Bridge Bearings
Rapid urbanisation at the global level has led to a burgeoning expansion of the construction sector across the world. Governments of both developing and developed economies are greenlighting multiple construction and infrastructural projects to strengthen commercial and transportation infrastructure development. This is anticipated to boost global demand for bridge bearings in the construction sector.

Further, a growing demand among the population in China, Europe, U.S, and the Middle East for amusement parks, luxury sports venues, and other leisure activity establishments is fuelling revenue growth of the bridge bearings market. Manufacturers of bridge bearings will witness sustained growth in future if they leverage the numerous opportunities created in the global market and enhance their product portfolio.

Emergence of Global Bridge Preservation Partnerships and Increasing Use of Neoprene Elastomeric Bridge Bearings Trending the Bridge Bearings Market
One of the trends observed in the bridge bearings market is the emergence of several partnerships at the global level to maintain the integrity of existing as well as new bridges. The main objective of these collaborations is to reduce/delay/prevent deterioration of bridges, restore the core functionalities, and maintain the bridge structure in good condition to ensure enhanced performance spanning several years.

The American Association of State Highway and Transportation Officials (AASHTO) is involved in the R&D of advanced tools and methodologies to extend bridge life through preservation treatments and construction best practices. This association further promotes the use of seismic force resistant products such as bridge bearings in the U.S. The Europe based National Cooperative Highway Research Program – in partnership with the AASHTO – focuses on bridge evaluation and the necessary quality control checks.

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Another trend shaping the global bridge bearings market is the use of elastomeric bridge bearings owing to their better elasticity. Elastomeric bridge bearings can be easily installed and require minimal maintenance as compared to other types of bridge bearings. Neoprene elastomeric bridge bearings are currently in high demand as neoprene rubber comes with a high resistance to temperature and facilitates smooth load transfer from the beam to the bridge structure. Neoprene elastomeric bridge bearings are also resistant to lateral and longitudinal beam movement caused due to thermal variations.

About Us

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

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The margarine market share is expected to witness growth at a CAGR of 4.9% and reach a valuation of USD 53.7 Billion by 2032.  Vegan margarine is sourced from vegetable oils like palm, soybean and is available in variants like low-fat, low calorie and low cholesterol as a result demand for this product is expected to rise shortly.  

As consumers adopted healthy lifestyle and decide to cut down extra calories from their daily food they are increasingly preferring low-fat spread that is way healthy than traditional butter. Such trends have boosted the plat-based products and margarine market trends as well.  

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Margarine market key players are also emphasizing packaging and labelling as consumers analyze ingredients before purchasing products. Brands that are transparent about the components in the product are expected to gain consumer preference and strengthen the margarine market key trends and opportunities in the coming days.  

Due to availability of raw material sales of margarine is getting profitable for the producers. This price benefit is passed down to consumers, as a result, a surge in demand for margarine products due to its affordability is predicted for during the forecast years.  

Asia Pacific market is expected to be a promising market for margarine market players due to rising awareness about inclusion of nutritious food products and investments in research and developmental activities by the regional players.  

Key Takeaways from Market Study  

• The margarine market is expected to increase at CAGRs of 4.7% and 5% in North America and the Europe, respectively, through 2032.
• Market share of Latin America and Oceania is 5.1% and 4.9%, respectively, in 2022.
• The European margarine market is expected to reach US$ 4.2 Billion by the year 2032.
• Growing customer preference for healthy and plant-based nourishing food products to drive the sales of margarine across global markets.
• By form, plant-based margarine is expected to hold 60% of the global margarine market share and is expected to increase at a CAGR of 4.9%.

 “Manufacturers of margarine are expected to gain significant market share as consumer behaviour shifts towards plant-based, sugar-free products that are beneficial for health, key brands are focusing on developing new flavours and product variants to stand out in the competition” says a Future Market Insights analyst.  

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Competitive Landscape  

Name of some of the margarine market major players profiled in the margarine market survey report includes Land O’ Lakes, Earth Balance, Imperial, Bluebonnet, Country Crock, I Can’t Believe It’s Not Butter, and Smart Balance Parkay among others  

Key manufacturers of margarine are majorly focusing on research & development to offer different flavours of products ranging customization is expected to contribute maximum revenue generation through sale of margarine.   

Change Foods revealed two strategic contracts: one with Upfield, the plant-based butter company that owns Violife, and the other with Sigma, the international yoghurt and Cheese Company. These collaborations are expected to help speed up product development and expand animal-free cheese manufacturing and distribution capabilities.   

Explore More Valuable Insights  

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

Margarine Market by Category 

By Source, Margarine Market is Segmented as: 

• Animal -Based 

• Plant-Based 

By Form, Margarine Market is Segmented as: 

• Sticks 
• Liquid 
• Tubs 

• Cubes 

By Sales Channel, Margarine Market is Segmented as: 

• Offline Sales Channel 
• Supermarkets/Hypermarkets 
• Departmental Stores 

• Convenience Store 
• Other Sales Channel 
• Online Sales Channel 
• Company Website 
• E-commerce Platform 

By Region, Margarine Market is Segmented as: 

• North America 
• Latin America 
• Europe 
• East Asia 

• South Asia 
• Oceania 
• MEA 

 About Food & Beverage Division at Future Market Insights  

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue 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.  

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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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According to the recent FMI report, the market size for Industrial Food Slicers is anticipated to cross a value of USD 780 Mn in 2032, growing at a CAGR of 8% approximately between 2022 and 2032.  

One of the important factors driving the growth of the industrial food slicers market is the growing desire for automated industrial food slicers. The automated slicer machine is widely utilised in a variety of end-user applications because it reduces downtime and improves product presentation by cutting quicker. For example, a leading vendor offers the ECD-702, an automated industrial food slicer that uses a digital food cutter to slice a variety of vegetables into various shapes. The market’s expansion is being fuelled by recent technological advancements and modernizations. 

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The Industrial Food Slicers Market is one of the markets that have gained during the COVID-19 pandemic significantly. Growing concerns about food safety are causing customers to turn to processed foods, which is fuelling this segment’s rise. Vendor profit margins will continue to be squeezed by intense competition, price challenges, and altering customer preferences are some of the challenges which Industrial Food Slicers have to face. 

Key Takeaways from the Industrial Food Slicers Market Study: 

• The Industrial Food Slicers industry is contemplating measures to increase market share by emphasizing their unique selling propositions, producing appealing product packaging, offering a varied product portfolio, and presenting items on internet channels. 
• During 2017, the fruits and vegetables category held the largest proportion of the market.  
• Fruit & Vegetable contribute to the significant expansion of the food slicer market throughout the projected period due to increased knowledge about the numerous health advantages. 

• The use of industrial food slicers in a variety of end-user sectors, such as supermarkets, restaurants, and hotels, is propelling the market forward. The industrial food slicer manufacturers market would be driven by increased demand for convenience meals among a vast population base across different geographies due to increasing working women and families, as well as technology advances, during the projected period. 

Who is winning? 

Market leaders in the worldwide market for Industrial Food Slicers Market are Grote company, Hobart, Berkel, Vollrath, Bizerba, KWS, Nemco Food Equipment Ltd., Bestwood, Estell, Doyon Equipment. 

The industrial food slicers market is being propelled by the widespread use of these equipment in commercial kitchens and restaurants at home. Furthermore, rising disposable income has prompted customers to adopt healthier eating habits, which has affected product mix selections at many firms, resulting in increasing adoption rates of these items throughout the world. 

Due to increased demand from countries such as the United States and Canada, North America is likely to be the leading market for industrial food slicers throughout the forecast period. 

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Get Valuable Insights into Industrial Food Slicers Market  

FMI, in its new offering, provides an unbiased analysis of industrial food slicers market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).  

Industrial Food Slicers Market by Category- 

By Product: 

• Horizontal Slicers 
• Vertical Slicers 
• Centrifugal Slicers 
• Others 

By Application : 

• Meat & Poultry 
• Fruit & Vegetables 
• Potatoes 
• Bread 

• Cheese 
• Fish & Seafood 
• Others 

By Type : 

• U-Shaped Horizontal Trough 

• Ribbon Agitator 

By Region : 

• North America 
• Latin America 
• Europe 

• East Asia 
• South Asia 
• Oceania 
• MEA 

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About the Food & Beverage Division at Future Market Insights 

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help. 

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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Hammers, axes, mallets, shovels, and crowbars are examples of hitter-based hand tools, as are hammers, axes, mallets, shovels, and crowbars. The global sales of hitter-based hand tools are being boosted by rising household demand and an increase in the amount of do-it-yourself (DIY) activities. According to a recent analysis by Future Market Insights (FMI), the market for hitter-based hand tools is expected to grow at a moderate rate from 2022 to 2028.

In the United States, the market for hitter-based hand tools is estimated to reach US$ 687.1 million by 2028, rising at a CAGR of 3.3 percent over that time (2022-2028). FMI has concentrated on the US market for hitter-based hand tools as a result of growing building and DIY activities in the region. The impact of various drivers, trends, restraints, and opportunities on the global hitter-based hand tools market for the next 10 years has also been investigated.

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A highly Consolidated U.S Hitter-Based Hand Tools Market to Gain from Product Innovation

The market for hitter-based hand tools is highly consolidated and the key players are focusing on acquisitions and expansions to enhance their market share. Additionally, incessant competition between tool manufacturers is likely to restrict the growth of the hand tools market to some extent. Research also suggests that increased automation in production process will displace the market for hitter-based and tools. Future Market Insights predicts that the aforementioned factors may dampen U.S revenue growth of the hitter-based hand tools market in the coming years.

Key players in the U.S hitter-based hand tools market have been channelizing efforts towards strengthening their distribution channels while also focusing on online sales of hand tools by signing agreements with different online portals, as consumers are more likely to buy hitter-based hand tools through online channels, owing to the growing consumer preference towards ecommerce. Manufacturers are also focusing on new product innovation with greater efficiency and easy maintenance qualities. Top manufacturers of hitter-based hand tools in the U.S market are Stanley Black & Decker Inc, Apex Tool Group LLC, Snap-on Incorporated, Vaughan & Bushnell Manufacturing, and Estwing Manufacturing Company, Inc.

DIY and Landscaping Activities to Boost Hitter-Based Hand Tools Adoption in the U.S

The U.S market has witnessed increased investment in the housing sector that, in turn led to the development of related sectors including infrastructure, transportation, energy, and related maintenance services—all requiring hand tools. Moreover, the demand for landscaping in residential and commercial areas, to provide an aesthetic appeal, has also contributed to the sales of hitter-based hand tools. Overall home improvement and maintenance and gardening activities by people in the U.S, has augmented the adoption of hitter-based hand tools. Leveraging the changing consumer preferences, manufacturers are focusing on providing compact, portable, and cost-efficient tool solutions to household users.

Across U.S, Shovels are the Most Preferred Hitter-Based Hand Tool

Shovels are anticipated to register robust growth during the second half of the forecast period owing to growing demand for gardening and DIY applications, occupying close to 40% market share. Likewise, higher sales of hammers in the U.S can be attributed to the growing demand for hitter-based hand tools from end-use sectors such as construction, woodworking & framing, manufacturing & fitting, household & DIY and rescue management.

Hitter-Based Hand Tools Market Competitive Landscape

Over the past few years, an increment in the number of acquisitions and expansion activities has been witnessed to improve the supply of hitter-based hand tools. Several key players are focusing on improving the efficiency of touch hand tools for various applications. The emergence of various manufacturers had also been witnessed in U.S. businesses.

For Instance,

• In 2017, Snap-on Incorporated acquired Norbar Torque Tools Holdings Limited, based in Banbury, U.K., which has a full range of torque products in its portfolio

Stanley Black & Decker, Inc. acquired the tool business of Newell Tools which includes Irwin and Lenox brands for US$1.84 Bn.

U.S. Hitter-Based Hand Tools Market By Category

By Product Type:

• Hammers
• Mallets
• Axes
• Shovels
• Crowbars

By Sales Channel:

• Bulk Distributor Sales
• Retail Sales
• Online Sales

By End-Use Sector:

• Household & DIY
• Construction
• Woodworking & Framing
• Manufacturing & Fitting
• Mining
• Forestry & Agriculture
• Rescue Management

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About Us

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

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The hibiscus flower powder market is expected to surge at a CAGR of 2.3% to reach a valuation of US$ 120 Million during 2022-2032

Hibiscus flowers are obtained from a flowering plant that is natively grown in the tropical, sub-tropical, and temperate regions of the world. Some species of hibiscus flowers are also known to grow in freezing environments. In countries such as Malaysia, South Korea, and India, hibiscus flowers find great value because of the medicinal properties of hibiscus flower powder. Various beneficial properties offered by hibiscus flower powder make it useful in different applications covering a wide range of industries.

Majorly used as a tea ingredient, hibiscus flower powder also finds application in the dyeing industry, pharmaceutical industry, and cosmetic industry. Hibiscus flower powder is available tea bags and as bulk hibiscus flower powder. Some companies also offer hibiscus flower powder in capsules and extract forms. The market for hibiscus flower powder is growing, and this growth is aided by the rising awareness of the various medicinal benefits offered by hibiscus flower powder.

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Hibiscus Flower Powder Gaining Wide Popularity in the Floral Flavor Market

Hibiscus flower powder acts as a very good option as a floral flavor in the food and beverage industry. Hibiscus flower powder is being widely used to make refreshing drinks, syrups, traditional medicines, hibiscus jellies, jams, and hibiscus flower powder flavored fruit pastes. Increasing awareness regarding hibiscus flower powder is driving the growth of hibiscus flower market regionally as well as globally. Also, the natural and organic processing and production of hibiscus flower powder can attract a larger consumer base by covering all the health conscious and organic product preferring consumers, among others as well.

Hibiscus Flower Powder Market: Participants

Examples of some of the market participants in the global hibiscus flower powder market identified are Bio Organic, Herbeno Herbals, The Republic of Tea, Traditional Medicinals, bio Actives, Wild Hibiscus Flower Co., Rena Beverage Solutions, and Fortune Health Care, besides many others.

Hibiscus Flower Powder Market: Key Developments

The hibiscus flower powder market is expanding globally through the cooperative contributions by farmers, exporters, manufacturers, and many others in the supply chain. The main restraint in the global production of hibiscus flower powder is the availability of raw material. Research and development for the improvement in hibiscus cultivation can help drive the hibiscus flower market positively.

The Karkadeh Project of Practical Action that was supported by the British charity called Comic Relief is one such project that aimed at targeting and then overcoming the main problems faced by producers involved in the production of hibiscus flower. They came up with results in technology improvements, seed improvements, and improved marketing to help boost the hibiscus flower powder market.

Opportunities for Hibiscus Flower Powder Market Participants

Hibiscus flower powder is easy available in regions such as Nigeria. In Nigeria, hibiscus flower powder can be obtained nearly throughout the year. Therefore, manufacturers can find great opportunities to invest in Nigeria, and set up production and manufacturing plants in this country to increase their share in the hibiscus flower powder market, and can also export the obtained hibiscus flower powder to other regions of the world, which would help the hibiscus flower powder market grow, globally.

Tea made from hibiscus flower powder is caffeine-free. This offers another opportunity for the hibiscus flower powder market to grow, due to its aromatic, flavorful, and caffeine-free drink application in the beverage segment of the global food and beverage industry.

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Brief Approach to Research

The research report presents a comprehensive assessment of the hibiscus flower powder 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 geography, application, end product, end-use industry, packing, nature of production, and sales channel in the hibiscus flower powder market.

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

Key Segments Covered in the Hibiscus Flower Powder Market Report

End Use Industry:

• Hibiscus Flower Powder for Food & Beverage
• Hibiscus Flower Powder for Pharmaceuticals
• Hibiscus Flower Powder for Cosmetics
• Hibiscus Flower Powder for Skincare
• Hibiscus Flower Powder for Other End Use Industries

End Product:

• Powdered Hibiscus Flower
• Hibiscus Flower Tea Bags

Packing:

• Hibiscus Flower Powder Packets
• Hibiscus Flower Powder Bags
• Hibiscus Flower Powder Cardboard Boxes

Nature of Production:

• Conventional Hibiscus Flower Powder
• Organic Hibiscus Flower Powder

Sales Channel:

• Direct Sales of Hibiscus Flower Powder
• Indirect Sales of Hibiscus Flower Powder
• Specialty Stores
• Drug Stores
• Online Retailers
• Others

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Frequently Asked Questions

• What is the anticipated growth of the Hibiscus Flower Powder market until 2032?
• Which region is forecast to be the most lucrative for hibiscus flower powder market growth?
• Which are some prominent hibiscus flower powder manufacturers?

About FMI

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

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The global moringa tea demand is estimated to surge throughout the forecast period (2022-2032). It has been anticipated to be valued at US$ 7.74 Billion in 2022, showcasing an impressive compound annual growth rate (CAGR) of 9.96% to be valued at US$ 20 Billion from 2022 to 2032.

Moringa Oleifera is the scientific name of a plant from which moringa tea is made, colloquially this plant is known as the drumstick tree. Moringa tea is gaining immense popularity among other tea beverages on the market, along with matcha tea, owing to the numerous health benefits it provides.

Increased usage of moringa-based products can be seen in the market including moringa oil, moringa tea, seeds, and other healthy products. A large network of moringa tea exports along with easy availability of raw materials are propelling the global moringa tea market forward.

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Key Takeaways

• The surge in health-conscious consumers and tea drinkers has led to the popularity of moringa tea in the global market. Moringa tea’s nutritional value, in addition to being caffeine-free, distinguishes it from other tea products on the market.
• Since tea is one of the most popular beverages consumed by the majority of people all around the world, its numerous benefits have become an additional factor driving tea consumption.
• Moringa has several health benefits such as antimicrobial and antifungal features which are propelling growth in the market. Moringa, the raw material for moringa tea, is said to contain a rare combination of a potent antioxidant and a plant hormone, kaempferol, and quercetin. This flavonoid combination is said to reduce inflammation and prevent cholesterol buildup in the body.
• The moringa trees are massively grown in South Asia. At present they are excessively grown in countries like India, Thailand, Africa, South Asian countries, Israel, and the Pacific Islands.
• Moringa cultivation is expanding in other parts of the world due to its ability to withstand climate fluctuations and the increasing global demand for moringa-based products.

Competitive Landscape

Kuli Kuli, Grener, Rootalive, Rainforest Herbs, Ayuritz Phytonutrients Pvt. Ltd. are some of the key companies profiled in the full version of the report.

Moringa tea has a lot of potential for growth in countries where malnutrition is prevalent, or in countries like Brazil where non-profit organizations are promoting the use of moringa to fight diseases caused by polluted water. The promotion of organic moringa tea production also provides a potential opportunity to expand the consumer base and grow the moringa tea market in areas where the market for conventional products has reached saturation.

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More Insights into the Moringa Tea Market

The Asia Pacific region is anticipated to dominate the moringa tea market. Moringa trees are massively being grown in South Asian countries including Thailand and India. Properties attributed to Ayurveda, and natural therapeutic benefits are propelling the growth of the moringa tea market.

Proponents of Ayurveda and other natural therapies are encouraging the cultivation of the moringa tree due to its numerous health benefits. A significant rise in moringa tree cultivation can be seen owing to its numerous health benefits. The reasonable rise in the moringa tree-driven products is yet another reason to witness a boost in the moringa tea market.

As per the analysis of Future Market Insights, Europe is expected to provide immense growth opportunities for Moringa Tea, with Germany expected to steer the bulk of all regional growth. The region’s moringa tea market is being fueled further by the region’s large volume export of moringa tea to serve the vast rise in popularity of moringa tea in Western countries.

Countries with high malnutrition rates have a lot of potential for the growth of moringa tea. Countries like Brazil where non-profit organizations are promoting the use of moringa to fight diseases caused by polluted water showcase lucrative growth opportunities for sales of moringa tea in the global market.

Organic moringa tea production also showcases propelling growth opportunities to expand the consumer base and grow the moringa tea market in areas where the market for conventional products has reached saturation.

The antimicrobial and antifungal properties of moringa tea are driving growth in the global moringa tea market. Furthermore, the raw material for moringa tea is said to contain a rare combination of a potent antioxidant and a plant hormone, kaempferol, and quercetin. These combinations help in reducing inflammation in the body and prevent cholesterol buildup in the body.

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Key Segments Profiled in the Moringa Tea Industry Survey

Nature:

• Organic
• Conventional

Formulation:

• Original
• Flavored

Packing Type:

• Boxes
• Bags
• Loose
• Gift Packing

Type:

• Crushed Leaves
• Tea Infusion Bags

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

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About FMI

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

Contact Us:

Future Market Insights, Inc.

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com