According to research conducted by Future Market Insights, the demand for Vehicle Control Units (VCUs) is expected to grow at a compound annual growth rate (CAGR) of 19.3% during the forecast period. Projections indicate that the market is likely to reach a value of approximately USD 11,102.5 million by 2033, a significant increase from USD 1,901.1 million in 2023.
The global Vehicle Control Unit (VCU) Market is set to experience significant growth as the automotive industry increasingly adopts advanced technologies for enhanced vehicle performance and safety. VCUs play a critical role in managing various vehicle functions, including engine control, safety systems, and infotainment, making them essential components in modern vehicles.
Rising Electric Vehicle Adoption: The shift toward electric vehicles is fueling the demand for advanced VCUs, which are integral to optimizing energy management and vehicle performance.
Technological Innovations: Ongoing advancements in automotive technologies, such as connected vehicles and autonomous driving systems, are increasing the complexity and functionality of VCUs.
Enhanced Safety Features: The growing emphasis on vehicle safety and the implementation of advanced driver-assistance systems (ADAS) are driving the need for sophisticated vehicle control units.
Government Regulations: Stringent regulations regarding emissions and safety are prompting manufacturers to incorporate advanced control systems in their vehicles, further boosting the VCU market.
Some of the Major Players in the Vehicle Control Unit (VCU) Market
Texas Instruments (USA)
Mitsubishi Electric Corporation (Japan)
ZF FRIEDRICHSHAFEN AG (Germany)
Continental AG (Germany)
Denso Corporation (Japan)
Hyundai Mobis (Korea)
Autoliv (Sweden)
Robert Bosch GmbH (Germany)
Altera (Intel Corporation) (USA)
Valeo Inc. (France)
Delphi Technologies (United Kingdom)
NXP Semiconductors N.V. (Netherlands)
Vehicle Control Unit (VCU) Market Segmentation by Category
By Vehicle Type:
Commercial Vehicle
Passenger Car
By Component:
Hardware
Software
By Propulsion Type:
BEV
HEV
PHEV
By Communication Technology:
Controller Area Network
Local Interconnect Network
FlexRay
Ethernet
By Function:
Predictive Technology
Autonomous Driving/ADAS
By Region:
North America
Latin America
Asia Pacific
Eastern Europe
Western Europe
Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The adoption of Electric Vehicle Reducers market is projected to grow at a compound annual growth rate (CAGR) of 26.6% throughout the forecast period. The market size for Electric Vehicle Reducers is expected to expand from approximately USD 1,974.7 million in 2023 to around USD 20,884.9 million by 2033.
The global Electric Vehicle Reducer Market is poised for significant growth as the demand for electric vehicles (EVs) accelerates in response to rising environmental concerns and government initiatives aimed at reducing carbon emissions. With an increasing number of automakers shifting their focus toward electric mobility, the market for EV reducers, crucial components that enhance the performance and efficiency of electric drivetrains, is projected to witness substantial expansion.
In 2022, the Electric Vehicle Reducer Market was valued at approximately US$ X million, with forecasts estimating a compound annual growth rate (CAGR) of Y% from 2023 to 2032. This growth can be attributed to the rise in electric vehicle production, advancements in drivetrain technologies, and increasing investments in research and development by key industry players.
Government Initiatives: Favorable policies and incentives supporting electric vehicle adoption are encouraging manufacturers to invest in EV technologies, including reducers.
Technological Advancements: Innovations in materials and manufacturing processes are improving the efficiency and performance of electric vehicle reducers, driving their adoption in the automotive sector.
Rising Environmental Awareness: As consumers become more environmentally conscious, the demand for electric vehicles is expected to rise, directly influencing the electric vehicle reducer market.
Expansion of EV Infrastructure: The establishment of charging stations and supporting infrastructure is enhancing the attractiveness of electric vehicles, thereby boosting the need for efficient drivetrain components.
Competitive Landscape
Due to the presence of a large number of market players, the global electric vehicle reducer market is consolidated with high competition. Existing players are heavily focused on innovation and the development of new components and technology in order to overcome disadvantages and strengthen their positions in the global market. Some market participants are also investing in EV startups to expand their regional presence.
Some of the Key Players Operating in the Electric Vehicle Reducer Market Include:
BorgWarner Inc.
Robert Bosch GmbH
ZF Friedrichshafen AG
GKN
GETRAG FORD Transmission GmbH
AVL GmbH
HOTA Industrial
Tsingshan Industry
Aichi Machine Industry
Magna International
SAGW
Zhuzhou Gear
Key Segments Covered in the Electric Vehicle Reducer Market Report
Product Type:
Single-stage Type
Multi-stage Type
Vehicle Type:
Battery Electric Vehicles (BEVs)
Plug-In Hybrid Electric Vehicles (PHEVs)
Hybrid Electric Vehicles (HEVs)
Fuel Cell Electric Vehicle
Sales Channel:
Original Equipment Manufacturer (OEM)
Aftermarket
Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The global Truck Mounted Knuckle Boom Cranes market is on an upward trajectory, with projections indicating a robust compound annual growth rate (CAGR) of 5.1%% from 2023 to 2032. Valued at approximately USD 827.8 million in 2022, the market is expected to reach a remarkable USD 1,365.0 million by the end of the forecast period. This growth is driven by the increasing demand for efficient lifting solutions across various industries, including construction, logistics, and transportation.
Truck mounted knuckle boom cranes are versatile lifting devices that provide unparalleled flexibility, making them essential for tasks that require precise and controlled lifting operations. Their compact design and ability to operate in confined spaces make them ideal for urban construction projects, facilitating the movement of heavy materials with ease and safety.
As industries continue to seek innovative solutions for enhancing productivity and safety, the adoption of truck mounted knuckle boom cranes is expected to rise significantly. The growing emphasis on reducing labor costs and improving operational efficiency will further propel market growth. Key players in the industry are focusing on technological advancements, including automation and remote control features, to meet the evolving needs of end-users.
Market Growth: The Truck Mounted Knuckle Boom Cranes market is projected to grow at a CAGR of 5.1% from 2023 to 2032, reflecting a strong demand for efficient lifting solutions.
Versatility and Efficiency: Known for their flexibility, these cranes can operate in confined spaces, making them essential for construction and logistics applications.
Technological Advancements: Key players are investing in automation and remote control technologies to enhance safety and operational efficiency in crane operations.
Industry Applications: The demand for truck mounted knuckle boom cranes is increasing across various sectors, including construction, transportation, and logistics, driven by the need for safe and efficient material handling.
Labor Cost Reduction: The adoption of these cranes is expected to facilitate labor cost savings, as they enable fewer personnel to handle larger lifting tasks effectively.
Competitive Landscape
A few players, notably Sany Heavy Industry Co., Ltd., Xuzhou Construction Machinery Group (XCMG) Co., Ltd., Hiab AG, and Tadano Ltd., hold the majority of the market share in the truck-mounted knuckle boom cranes industry.
Most of the truck-mounted knuckle boom crane manufacturers are concentrating on introducing new products with better efficiency and safety features to expand their customer base. Besides this, they are adopting strategies such as partnerships, acquisitions, mergers, collaborations, and facility expansion to gain a competitive edge in the market.
In October 2022, SANY Group showcased 21 new products, including truck-mounted knuckle boom cranes, at bauma 2022, the main annual event for the construction industry.
In April 2022, TADANO’s truck loader cranes expanded range, safety, and efficiency with the introduction of a new series, TM -ZX1200. The new series offers three truck loader crane lines for the international market.
In September 2021, HIAB completed the acquisition of US demountable manufacturer Galfab.
In 2021, Sany India embraced new emission norms with the launch of 4 new truck cranes in the market. These include STC250C, STC450C, STC600C, and STC800C. They were manufactured at Sany India’s state-of-the-art manufacturing plant at Chakan in Pune.
Key Segments Covered in Truck Mounted Knuckle Boom Cranes Industry Analysis
By Capacity:
Small Duty
Medium Duty
Big Duty
Heavy Duty
By Sales:
New Sales
Aftermarket
By End-Use Industry:
Construction
Mining
Oil & Gas
Energy
Forestry
Logistics
By Region:
North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The global bicycle light market is experiencing a robust growth trajectory, projected to expand from an estimated valuation of USD 1,236.4 million in 2022 to approximately USD 2,454.7 million by the end of 2032. This remarkable growth represents a compound annual growth rate (CAGR) of 7.1% during the forecast period.
As cycling continues to gain popularity as an eco-friendly and healthy mode of transportation, the demand for high-quality bicycle lighting systems has surged. Bicycle lights play a critical role in enhancing visibility and safety for cyclists, especially during nighttime or low-light conditions. This is increasingly crucial as urban areas become more congested and cyclists seek ways to navigate safely.
The adoption of LED technology has revolutionized the bicycle lighting landscape, offering brighter illumination, longer battery life, and greater energy efficiency compared to traditional lighting options. Furthermore, the integration of smart technologies, such as connectivity features that sync with smartphones and GPS systems, is expected to drive innovation in the market.
Government initiatives promoting cycling infrastructure and safety regulations mandating the use of lights have also contributed to market growth. In addition, the rise of e-bikes has further fueled the demand for advanced lighting solutions, as these vehicles often require enhanced visibility due to their speed and size.
Strong Market Growth: The global bicycle light market is expected to grow from USD 1.2 billion in 2022 to USD 2.6 billion by 2032, at a CAGR of 8.5%.
Safety and Visibility: Increasing awareness of cyclist safety and the importance of visibility during low-light conditions are major drivers of market growth.
Technological Advancements: The shift towards LED technology and the integration of smart features are transforming the bicycle lighting industry, making products more efficient and user-friendly.
Government Initiatives: Supportive regulations and infrastructure development aimed at promoting cycling as a sustainable mode of transport are boosting the demand for bicycle lights.
E-Bike Popularity: The rising popularity of e-bikes is creating additional demand for high-performance lighting solutions tailored to the unique requirements of these vehicles.
Key Companies Profiled
Garmin Ltd.;
Cygolite;
Cateye Co., Ltd.;
GACIRON;
Goldmore Co., Ltd.;
Lord Benex;
Knog;
Smart Bike Light;
NiteRider Technical Lighting Systems;
Blackburn;
Schwinn;
Serfas;
Lezyne;
Sense.;
LEDbyLIT
Key Segments Covered in Bicycle Light Market Analysis
By Mounting Type:
Headlight
Rear Safety Light
Side Safety Light
By Bicycle Type:
Mountain Bicycle
Road Bicycle
E-Bicycle
Sport Bicycle
By Sales Channel:
OEM
Aftermarket
Online Channel
Offline Channel
By Region:
North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
According to Future Market Insights (FMI), the global buttermilk powder market is valued at USD 2.7 billion in 2024 and it is anticipated to reach USD 3.8 billion by 2034. Over the next decade, global buttermilk powder demand is likely to increase at a CAGR of 3.5%.
The buttermilk powder market is witnessing significant growth, driven by its versatility and functional benefits that cater to a broad spectrum of industries. Derived from the liquid by-product of butter production, buttermilk powder retains the nutritional benefits and tangy flavor of traditional buttermilk while offering advantages such as extended shelf life, convenience in storage, and ease of transportation.
In the food and beverage industry, buttermilk powder is a valued ingredient due to its ability to enhance flavor, texture, and nutritional profile. It is widely used in bakery products, including cakes, cookies, pancakes, and bread, where it improves moisture retention, imparts a tender crumb, and enriches the taste. Additionally, it serves as a critical component in sauces, dressings, soups, and marinades, providing a creamy texture and rich flavor.
In dairy products, such as ice cream, cheese, and yogurt, buttermilk powder contributes to consistency, creaminess, and an appealing taste profile. The cosmetic industry leverages the moisturizing and exfoliating properties of buttermilk powder. It is incorporated into a variety of skincare products, including facial masks, lotions, creams, and soaps, where it helps to soften, hydrate, and rejuvenate the skin.
The natural acidity and lactic acid content in buttermilk powder makes it an effective ingredient for brightening, smoothing, and exfoliating the complexion, promoting a healthier and more radiant appearance. In the animal feed industry, buttermilk powder is utilized as a nutritious supplement. Rich in proteins, vitamins, and essential nutrients, it enhances the diet of livestock, contributing to better growth rates, improved health, and higher-quality produce.
Its inclusion in animal feed formulations supports the overall well-being of animals, making it a valuable component in the agriculture sector. Buttermilk powder finds applications in the food processing industry as a functional ingredient in ready-to-eat meals, snack foods, and beverages. Its ability to act as an emulsifier, stabilizer, and flavor enhancer makes it a preferred choice for food manufacturers aiming to improve product quality and appeal.
Key Takeaways from the Buttermilk Powder Market Report:
The global buttermilk powder market is expected to reach a valuation of USD 3.8 billion by 2034.
Global demand for buttermilk powder is likely to soar at a 3.5% CAGR over the forecast period.
By Product Type, spray-dried buttermilk powder is likely to exhibit a 7.8% CAGR during the projection period.
Europe is projected to hold a dominant value share of 27.8% in the global market by 2034.
The United States buttermilk powder market is estimated to witness a value CAGR of 4.7% during the projection period.
“The buttermilk powder market is set to flourish as industries increasingly recognize its multifaceted benefits. With applications spanning from enhancing the texture and flavor of bakery products to enriching skincare formulations and boosting animal nutrition, buttermilk powder is becoming a cornerstone ingredient. This market growth is propelled by the rising demand for natural, functional ingredients and the convenience offered by buttermilk powder’s extended shelf life. As consumer trends continue to favor health and sustainability, we can anticipate a robust expansion driven by innovative uses and cross-industry collaborations.” – Nandini Roy Choudhury, Client Partner at Future Market Insights
Who is Winning?
Hoogwegt Group, All American Foods, Contenental Dairy Facilities, LLC, Agropur, Fonterra Co-operative Group Limited, DFA Ingredients solutions, IPS-Ingredis, North Cork Creameries, Lactalis Ingredients are the key Buttermilk Powder manufacturers listed in the report.
These companies are mainly focusing on strengthening and expanding their market by launching new products. They are also using strategies such as partnerships, advertisements, acquisitions, agreements, and mergers to stay competitive in the market.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global buttermilk powder market presenting historical demand data (2019 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the buttermilk powder market based on product type (atmospheric roller dried and spray dried) and Sales Channel (B2B and B2C) across various regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
The global invert sugar market is set to experience significant growth, with its value projected to reach USD 2.1 billion in 2024 and further increase at a CAGR of 4.6% during the forecast period, culminating in a total of USD 3.3 billion by 2034. This growth is attributed to the rising demand for natural sweeteners and the expanding application of invert sugar in various food and beverage products.
Invert Sugar: A Superior Sweetener
Invert sugar, produced through the chemical breakdown of sucrose, is a natural sweetener that is sweeter than regular sugar. Its higher sweetness level means that smaller quantities are needed, making it a cost-effective alternative to regular sugar and honey. This quality has driven its popularity, particularly in the bakery and confectionery industries, where it is used extensively to enhance flavor and texture while extending product shelf life.
Technological Advancements Revolutionize Production
Traditionally, the production of invert sugar syrup involved costly acid extraction methods. However, the industry has witnessed a shift towards enzymatic processes, which are more cost-effective and environmentally friendly. This method operates at lower temperatures and pH levels, yielding 100% sugar syrup with superior taste and quality. Leading companies such as Eurosweet GmbH and Zuckerhandelsunion GmbH & Co. KG are adopting these innovative production techniques to stabilize large-scale production and improve product quality.
Health and Wellness Trends Drive Market Growth
The global health and wellness trend has significantly impacted the demand for natural sweeteners, including invert sugar syrup. Consumers are increasingly seeking clean-label products with natural ingredients, propelling the use of invert sugar in various food and beverage products. Its natural fructose content and lower glycemic index make it an attractive option for health-conscious consumers and those managing diabetes.
Expanding Applications in Processed Foods
The processed food sector is expanding rapidly, and invert sugar syrup has become a staple ingredient due to its versatile properties. It enhances flavor, improves texture, and extends the shelf life of products such as baked goods, confectioneries, canned fruits, and dairy items. As the demand for processed foods grows, so does the demand for invert sugar syrups, creating new revenue streams for manufacturers.
Sustainability and Eco-friendly Practices
Sustainability is a key focus in the food industry, and invert sugar manufacturers are increasingly adopting eco-friendly production practices. By using renewable energy sources, reducing water consumption, and minimizing waste, companies are aligning their operations with environmental standards and consumer preferences. These sustainable practices not only enhance brand reputation but also reduce operational costs, making them a win-win for manufacturers and the environment.
Technological Advancements Boost Efficiency
Technological advancements in production processes are revolutionizing the invert sugar industry. Modern techniques, such as improved filtration systems and automated processes, enhance efficiency and product quality. These innovations enable manufacturers to produce high-quality invert sugar at lower costs, ensuring they remain competitive in a commoditized industry. Advancements in crystallized invert sugar are also expected to support industry expansion.
Customization and Product Differentiation
As competition intensifies, manufacturers are focusing on customization and product differentiation to stand out in the market. Offering tailored formulations to meet specific industrial needs, such as different sweetness levels or unique functional properties, helps companies cater to niche industries and specialized applications. This emerging trend in the invert sugar market is poised to boost sales growth.
Market Concentration and Competitive Landscape
The invert sugar market is characterized by a distinct concentration across different tiers of manufacturers and suppliers. Tier 1 companies, including Eurosweet GmbH and Zuckerhandelsunion GmbH & Co. KG, hold around 35% of the market share. These well-established companies have significant production capabilities and extensive distribution networks. Tier 2 companies account for about 40% of the market share, comprising mid-sized firms with substantial regional influence. The remaining 25% of the market is occupied by Tier 3 companies, which include smaller and regional players.
Industry Updates
In February 2024, Sudzucker launched its new CO2-reduced beet sugar in the market to contribute to a healthy, sustainable, and enjoyable future.
In December 2023, American company ADM announced the acquisition of United Kingdom-based FDL to broaden its global flavors capabilities.
Leading Invert Sugar Brands
Nordzucker AG (Nordzucker Holding AG)
Südzucker AG
International Molasses Corporation
Galam Group (FIMI)
AP Multiproducts Pvt. Ltd
Cargill, Incorporated
Ragus Sugars Manufacturing Limited
Tereos S.A
Honey Sugar Product
Key Segments of Report
By Product Type:
As per product type, the industry has been categorized into fully inverted sugar and partially inverted sugar.
By End Use:
Inverted sugar syrup is mostly used in food, pharmaceutical, and personal care. The food category is further segmented into confectionery, bakery, processed food, frozen desserts, dairy products, and others.
By Region:
Invert sugar industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
According to Future Market Insights, Inc., the global omega-3 pet supplement market value is estimated to total USD 1,280.7 million in 2024. It is projected to grow at a CAGR of 7.9% during the assessment period, with global revenue reaching USD 2,292.5 million by 2034.
The humanization of pets drives the global omega-3 pet supplement industry forward. People want good health for their pets. Pet owners purchase supplements to ensure their pets receive the proper nutrition and avoid various health issues.
The humanization of pets is helping to increase sales of pet supplements, especially omega-3 fatty acid-based ones. Similarly, growing awareness about the importance of proper nutrition on pet health will likely benefit the industry.
Omega-3 fatty acids, such as those found in fish oil, have been shown to alleviate symptoms of skin conditions like atopic dermatitis and psoriasis, which can cause irritation, redness, and inflammation. These beneficial fatty acids, including eicosapentaenoic acid, alpha-linolenic acid, and docosahexaenoic acid, play important roles in brain development and reducing inflammation in the body.
Veterinarians frequently recommend omega-3 supplements as a routine treatment for pets with non-specific skin problems. Due to the numerous health advantages of omega-3s, the popularity of omega-3 pet supplements is rapidly increasing. Omega-3s can help maintain skin barrier function, seal in moisture, and keep out irritants, potentially reducing the severity of skin disorders in pets.
The clean label movement, driven by consumer demand for transparency, is making its impact in the omega-3 pet supplement industry. The main aim of the clean label movement is to maintain transparency about pet ingredients among consumers.
Key Takeaways from the Global Omega-3 Pet Supplement Market Study:
The omega-3 pet supplement market is projected to grow at a CAGR of 7.9% through 2034.
Based on form, capsule segment is expected to dominate the market with a share of 36% in 2024.
Based on application, the skin and coat health segment are expected to hold a leading market share of 38% in 2024.
The United States is expected to account for a market share of 36.4% during the forecast period.
Sales in India are projected to soar at 6.9% CAGR through 2034.
“The omega-3 pet supplement market shows promising growth potential, driven by the increasing pet population and surging demand for healthy pet supplements. Collaborations, mergers, and acquisitions among players indicate a competitive landscape focused on innovation and meeting evolving consumer preferences for pet health and wellness.” Says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Who is Winning?
Few leading manufacturers of omega-3 pet supplements listed in the report include Icelandirect, BioThrive Sciences, NutraPak USA, Nordic Naturals, Eukanuba, Iams, Hill’s, and others. These players are constantly looking to develop novel solutions to meet growing demand from pet owners.
The omega-3 pet supplement market has some start-up organizations, particularly around plant-based and algae-derived omega-3 sources. These players are looking to develop plant-based omega-3 supplements. Similarly, strategies like acquisition and mergers are becoming popular in the industry.
Industry Updates,
In 2023 Corbion signed a binding agreement to sell its Emulsifier business to Kingswood Capital Management. This allows Corbion to focus more on its core omega-3 ingredients business.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global omega-3 pet supplement market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for years 2024 to 2034. The study offers growth projections based on pet type, form, application, sales channel and region.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
The global animal feed sweetener market value is estimated to total USD 9,732.1 million in 2024 and is projected to increase at a CAGR of 8.7% during the forecast period. Global animal feed sweetener sales are projected to total USD 20,784.6 million by 2034.
Several factors are expected to drive the growth of the animal feed sweetener industry during the assessment period. These include the booming livestock sector, growing consumption of animal products, and surging demand for high-quality nutritional feeds.
Feed sweeteners are gaining wider popularity due to their ability to enhance food taste and appeal. These additives increase the palatability of feed to gain more nutrition out of it after absorption without any side effects.
Animal owners purchase feeds with enhanced palatability to ensure their animals receive the proper nutrition and avoid various health issues. Thus, high spending on quality nutritional feeds is expected to boost sales growth through 2034.
The clean label movement is having a profound impact on the industry due to growing consumer demand for transparency. The main aim of the clean label movement is to maintain transparency about food and feed ingredients among consumers.
Increasing awareness about pet food and nutrition has boosted the market for clean-label products. There is an increased interest in natural feed sweeteners, creating new growth windows for the market.
Key Takeaways from the Global Animal Feed Sweetener Market Study:
The animal feed sweetener market is projected to expand at a CAGR of 8.7% through 2034.
Based on product type, the artificial sweetener segment is expected to dominate the market with a 54.4% market share in 2024.
Based on form, the powder segment is set to account for a share of about 41.2% in 2024.
China is expected to hold 65.2% in the East Asia region during the forecast period.
Demand in the United States will likely increase at a CAGR of 4.2% through 2034.
“The animal feed sweetener market shows promising growth potential, driven by the increasing demand for natural and sustainable ingredient sources. Collaborations, mergers, and acquisitions among players indicate a competitive landscape focused on innovation and meeting evolving consumer preferences for holistic animal health and wellness.” says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Who is Winning?
Leading players cover the maximum market share and the rest is for the smaller and start-up organizations.
Many players are implementing strategies like partnerships, acquisitions, and mergers to expand their presence and stay ahead. Start-ups are innovating with new ingredients and innovative sources.
Leading Animal Feed Sweetener Brands
ADM Animal Nutrition
Palital Feed Additives B.V.
Purina
INDUSTRIAL TECNICA PECUARIA, S.A.
EnSigns Health Care Pvt Ltd
Norel Animal nutrition
Veesure India
Kemin Industries, Inc.
Henan Znok Livestock Trading Co., Ltd.
Indiana Sugars
Industry Updates:
In December 2023, ADM announced the acquisition of PT Trouw Nutrition Indonesia, a key provider of nutritional and functional solutions for livestock farming.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global animal feed sweetener market, presenting Historical Demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034. The study offers market growth projections based on product type, form, animal type, sales channel and region.
The animal feed sweetener market segmentation, based on product type, is divided into natural sweeteners and artificial sweeteners. The natural sweeteners segment is further divided into stevia, palm sugar, honey, maple syrup, molasses, and thaumatin. Similarly, artificial sweeteners category is further categorized into aspartame, neotame, saccharin, sucralose, neohesperidin dihydrochalcone (NHDC).
By Form:
Feed sweeteners come in powder, liquid and crystal forms.
By Animal Type:
Based on animal type, the animal feed sweetener market is divided into ruminant, poultry, swine, and pet animals.
By Sale Channel:
Different sales channels include direct sale (B2B sales), indirect sale (B2C sales)- offline retail, and online retail. The indirect sales segment is further segmented into veterinary (pet) stores, hypermarket/supermarket, speciality store, and discount store.
By Region:
Animal feed sweetener market analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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The tiger nut market value is estimated to total USD 275.3 million in 2024. By the time 2034 rolls along, the value of the industry is expected to have more than doubled to USD 580 million. This means the market is forecast to progress at a CAGR of 7.7% over the next decade.
One of the pillars the tiger nut market stands on is the healthy nature of the product. Benefits such as helping digestion and improving blood sugar levels, in addition to perceived effects like improving immunity and sexual drive, help along the market’s progress. With the youth transfixed with healthy products, tiger nut adoption is on the up.
It is not just the food and beverage industry that is helping the progress of the market. The nut is also being used in cosmetics due to its skin-improving qualities. Dietary supplements are making enhanced use of the product.
Both raw and cooked versions of tiger nuts have a rich history. With importance being given to making snacks healthier, tiger nuts are emerging as a viable option. Tiger nut demand is also increasing through its use in making alcoholic, mainly beer, and non-alcoholic beverages, such as horchata de chufa and kunu, drinks.
Key Takeaways from the Tiger Nut Market:
The tiger nut market value is expected to total USD 275.3 million in 2024.
Based on type, powder segment accounted for a value share of 57% in 2023.
By application, food and oil industry accounted for 45% of the market share in 2023.
South Korea is expected to record a CAGR of 10.0% from 2024 to 2034.
Japan and the United Kingdom are poised to register CAGRs of 9.4% and 9.0% respectively.
“A common strategy for market players is to improve demand through the oil and milk products. Tiger nut oil is emerging as a healthy substitute for traditional oil while tiger nut milk is becoming popular among the vegan population,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Who is Winning?
The tiger nut market is seeing significant partnerships emerge and acquisitions being made. Several players are
focusing on launching new products in eco-friendly packaging to expand their customer base. Recent Developments in the Tiger Nut Market
In February 2023, Sweet Aya Bites introduced three new tiger nut products comprising the flavors sea salt, smokey BBQ, and dark chocolate.
Key Industrial Developments
In May 2023, WNWN Food Labs launched a vegan milk chocolate that makes use of tiger nuts.
In February 2023, United States-based Sweet Aya Bites unveiled tiger nut products in three flavors: sea salt, smokey BBQ, and dark chocolate. With the new products, the company is aiming to strengthen its presence in the region and boost revenue.
Key Companies in the Tiger Nut Market:
Tiger Nuts USA
Tigernuts Traders, S.L.
Ecoideas
Henry Lamotte Services GmbH
KCB International
Others
Tiger Nut Market Key Segments of Market Report:
By Type:
Based on the type, the tiger nut market is divided into powder, granules, and others.
By Distribution Channel:
Based on the distribution channel, the sector is segmented into business to business and business to consumer. In addition, the business to consumer segment has been subdivided into hypermarkets/supermarkets, convenience stores, online retail, and others.
By Application:
Based on the application, the tiger nut sector is categorized into food and oil industry, cosmetic industry, pharmaceutical industry, and others.
By Region:
North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
According to Future Market Insights, Inc., the extra neutral alcohol (ENA) market value is projected to expand from USD 10 billion in 2024 to USD 18.1 billion by 2034. Throughout this period, the market is analyzed to record a CAGR of 6.1%.
Growing demand for spirits, like vodkas, rums, gins, and others, is a prominent driver for the expansion of extra neutral alcohol market. Both consumption patterns, including drinking neat and mixing pure ethanol drinks with other beverages to prepare a cocktail, have been instrumental in the demand for ENA for alcoholic beverages. Players are developing new alcohol varieties to harness this lucrative segment.
The use of ENA is increasing in the processing of chocolate, confectionery, and other food products, where it is used as a food-grade solvent. Players of ENA are strategizing to enter potential markets like India and China, which are likely to increase robustly.
Apprehensions regarding the environment are leading the Indian government to dedicate itself to projects supporting a more sustainable energy future. This is anticipated to create growth opportunities for industry players.
More opportunities are expected to emerge for players who are adept at the production of organic and sustainable extra neutral alcohol. Players are riding the wave of sustainability by highlighting ethically sourced grains and eco-friendly production methods.
The surging use of ENA in various personal care products like hairsprays, perfumes, shampoos, lotions, and deodorants is promoting ENA sales. ENA is used in these products due to its antibacterial properties and preservative capabilities. Additionally, the product is also deployed as a vital carrier of flavor and fragrance.
Key Takeaways from the Extra Neutral Alcohol Market Report
The extra neutral alcohol market is predicted to attain a valuation of USD 10 billion in 2024 and proceed at an estimated 6.1% CAGR through 2034.
Grain-based segment accounted for a value share of 70% in 2023 and is projected to grow at 5.8% CAGR through 2034.
Potable alcohol segment is forecast to expand at a CAGR of 5.6% through 2034.
Sales in the United States are estimated to total USD 3.2 billion by 2034.
By 2034, the South Korean market is anticipated to acquire USD 1.2 billion.
“Sustainability concerns are expected to guide the efforts of extra neutral alcohol players. Moreover, players are acquiring competent smaller players and investing in the latest technologies to enhance their market share,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Who is Winning?
Industry participants are raising the production of superior quality, distinguished ENA solutions. To achieve this, they are using specific grains in the ENA formulation or deploying certain fermentation processes to develop ENA. The addressable market for distinct alcoholic concoctions is gradually expanding, which is projected to allow players to diversify their focus.
The cosmetics and pharmaceutical sectors are also witnessing heightened demand for ENA, which is increasing the prospects of ENA producers. Firms are incessantly searching for new ways to elevate their production processes to increase their yields and bring down costs.
Players are investing in the latest technologies to improve their share. Additionally, they are also taking the route of strategic acquisitions, giving them access to the latest markets, technologies, and resources.
Recent Developments Shaping the Extra Neutral Alcohol Market
In October 2023, India’s GST Council exempted extra neutral alcohol from GST. Both grain-based and molasses-based ENA are exempted from these taxes.
In November 2023, Jagatjit Industries announced that it is going to extend its premium offering by launching Royal Pride Whisky. The product is sold across fine dining establishments and retail outlets in Delhi.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global extra neutral alcohol (ENA) market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.
The study provides compelling industry insights based on the raw material (sugarcane-based, grain-based, and others), type (type I and II), and application (beverages, potable alcohol, flavors and fragrances, pharmaceuticals, cosmetics and personal care, and others) across several regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
