Market Research Blog

The global rainscreen cladding market is expected to reach a market valuation of US$ 135.89 Billion by the year 2022, accelerating with a moderate CAGR of 7% by 2022-2032. Rainscreen cladding market size is anticipated to be valued at about US$ 267.32 Billion by 2032 end.

The demand for rainscreen cladding structures is projected to be fueled by the increased need for the aesthetic appeal of new and refurbished buildings as well as protection against fire, precipitation, and air. The rainscreen cladding market is projected to increase because to the growing need for improved moisture management and energy-efficient building solutions.

Additionally, rainscreen cladding aids in reducing thermal movement through the wall and hot and cold air flow, preventing overheating in the summer and assisting in the maintenance of a warm and constant interior temperature in the winter. This is driving the demand for rainscreen cladding.

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The rainscreen cladding market is anticipated to be driven by rising consumer demand for products with better moisture control capabilities and energy efficiency. In addition, both established and developing countries are seeing an increase in the development of non-residential structures like offices and institutions as well as a change in the trend toward safeguarding outside walls. The COVID-19 crisis-induced economic downturn has resulted in poor investor confidence and a fall in industrial operations, which has hindered the rainscreen cladding industry’s ability to grow.

The demand for rainscreen cladding is increasing as a result of changing consumer trends toward the protection of outside walls in residential, commercial, and non-residential structures, including workplaces and institutions.

The inability of rainscreen cladding solutions to handle air pressure gradients is a significant flaw in their design. The surface of a cladding wall would be exposed to strong wind forces if the exterior of the wall is not airtight. Airflow and moisture are confined to wall cavity chambers, which is generated between these furring strips, and are the principal drawbacks of a normal end-use industry for rainscreen cladding. The air does not cross between the compartments. This is restraining the rainscreen cladding market growth.

Key Takeaways from Market Study

• In 2021, the terracotta raw material market held the largest rainscreen cladding market share, accounting for more than 35.5 percent of worldwide revenue.
• In 2021, the rainscreen cladding market was headed by the official construction industry, which brought in 33 percent of the total income.
• In 2021, the market was headed by the Europe region, which generated more than 30.5 percent of worldwide revenue.
• Due to an increase in the construction of new power plants, social infrastructure, commercial projects, and shale gas exploration activities, the demand for rainscreen cladding in North America is anticipated to increase significantly during the forecast period.

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Competitive Landscape

The rainscreen cladding market is quite competitive because there are so many regional and international companies. The obstacles for the market’s incumbent players are changes in the pricing of raw materials and the strategy of new competitors. The keys to surviving in a competitive climate are ongoing R&D and cutting-edge process practises.

In order to maintain competitiveness and bring down the price of rainscreen cladding overall, major competitors in the rainscreen cladding market are concentrating on mergers, acquisitions, and joint ventures. Players provide structural planning and installation services to meet consumer demand for cutting-edge rainscreen cladding solutions for structures.

Recent Developments in Rainscreen Cladding Market

• In response to demand from architects and specifiers looking for distinctive façade systems, Proteus Facades, a renowned supplier of high-quality rainscreen cladding systems, announced its debut into the U.S. rainscreen cladding market in April 2021. This next expansion for the business, which has a history of providing rainscreen cladding for some of the most well-known construction projects in the UK, was motivated by significant investment in its production capabilities and demand for unusual façade designs.
• For up to US$ 87.77 million in December 2021, Brickability Group acquired Taylor Maxwell Group, one of the UK’s top suppliers of wood and façade solutions to the building industry. By bringing timber and cladding to the Group through the acquisition of Taylor Maxwell, Brickability will be able to provide a wider choice of products, and its competitive advantage in certain markets will allow for possible organic growth in the future.

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Rainscreen Cladding Market by Segmentation

By Raw Material:

• Fiber Cement
• Composite Material
• Metal
• High-pressure Laminates
• Terracotta
• Ceramic
• Others

By Application:

• Residential
• Commercial
• Official
• Institutional
• Industrial

By Region:

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

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The global anime market is expected to be worth US$ 25.624 Billion in 2022 and US$ 52.997 Billion by 2032, with a 7.5 percent CAGR from 2022 to 2032.

Increasing OTT platform preference for viewing entertainment content is expected to be a key driver driving demand for anime content throughout the forecast period. The increasing number of anime production companies and film artists also adds to the expansion of the anime market share.

Recent trends in the anime market that are driving the sales of anime content include advancements in computer animation techniques. Anime creators have reduced production costs by utilising developing technologies. The number of production businesses active in the global anime market has increased dramatically, creating numerous market growth opportunities.

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The increasing propensity of millennials to watch anime content, as well as the rise in disposable incomes in emerging economies, have created opportunities for growth in the anime market.

As a result of the rapid expansion of distribution channels such as Crunchyroll, Daisuki, Netflix, and Amazon, among others, the anime market has gained a stunning number of new consumers. The availability of live entertainment and internet streaming of such content has resulted in a surge in popularity of anime.

Furthermore, the increasing usage of cutting-edge technologies such as blockchain and Artificial Intelligence (AI) in anime games to improve the overall gaming experience bodes well for the expansion of the anime market size.

Anime entertainment is becoming increasingly popular all around the world. Some of the most popular anime series are Naruto, One Piece, Hunter X Hunter, and Dragon Ball Z. Anime comics, also known as manga, are growing in popularity among anime fans all around the world.

Key Takeaways from Market Study

• Between 2022 and 2032, the live entertainment segment is predicted to lead the anime market with a share of 8,366.3 Mn and rise at a CAGR of 9%.
• Furthermore, merchandising accounted for more than 29 percent of worldwide revenue in 2021 and is likely to expand in the anime industry throughout the forecast period.
• The online distribution category is likely to grow at the fastest CAGR throughout the forecast period. Rising sales of anime material via application games and internet streaming platforms, particularly in overseas markets, are expected to fuel segment growth.
• In 2021, Japan has the largest market share of more than 43.0 percent and is expected to maintain its dominance throughout the projected period. Japan is renowned as a hotspot for animation studios. In Japan, there are roughly 622 animation studios, with over 542 in Tokyo alone.
• The Middle East and Africa (MEA) regional market is predicted to grow at a CAGR of 9.4% from 2022 to 2032, owing to the region’s growing fan base for anime content.

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“The rising popularity of anime content is expected to propel the anime market forward over the forecast period. The development of anime games, as well as the growing demand for online anime content distribution, which accounts for a significant portion of anime sales, are expected to drive anime market growth.”- Future Market Insights Analyst.

Competitive Landscape

The presence of multiple players in the anime market makes it more competitive. The number of item distributors and manufacturers in the anime sector has grown dramatically in recent years. As merchandising and licensing items became more competitive, the value chain in the global anime market expanded.

The growing number of creative content owners licensing their anime productions and gaming characters to a small number of distributors and manufacturers is driving up revenue in the merchandising and licensing market.

The following companies are among the major players in the global anime market: Production I.G, Inc., Madhouse Inc., Kyoto Animation Co., Ltd., Toei Animation Co., Ltd., and Bones Inc.

Recent Developments in Anime Market:

• Netflix partnered with six Japanese anime developers, including Shin Kibayashi, Otsuichi, Mari Yamazaki, CLAMP, Yasuo Ohtagaki, and Tow Ubukata, to deliver original anime content in February 2020.
• Masterpiece Studio, a developer of 3-dimensional creative and animation software platforms, has announced the release of a free edition of Masterpiece Studio Pro in November 2021. The advanced platform would offer artists and independent producers a full VR creative suite for deploying 3-dimensional products and characters for animations, games, and metaverse.
• In March 2022, Kinetix, a deep technology firm, partnered with Adobe, the pioneer of 3D Animation, to make 3D Animation Aided by Artificial Intelligence (AI) broadly available to creators.

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Key Segments

By Application:

• T.V.
• Movie
• Video
• Internet Distribution
• Merchandising
• Music
• Pachinko
• Live Entertainment

By Region:

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

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The video game market is expected to see a substantial CAGR of 12.9%, and is projected to increase from 195.65 billion in 2021 to 743.21 billion by 2032.

Due to the extensive use of smartphones, growing internet penetration, and the availability of online games, it is projected that the video game market share would rise. The development of ever-more-innovative gaming features by major players in the video game market is one of the main factors driving the market’s growth in the future years.

The growth of free-to-play and inexpensive mobile and laptop games is expected to limit the possibility for the global video games market to generate revenue. Managing the price and quality of video games is projected to be one of the difficulties experienced by important players in the video game market.

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Features in video games like voice recognition, downloadable content, and enhanced computer graphics that enhance user experiences are what drive the demand for video game consoles.

The increasing popularity of e-sports events and the increase in the number of professional players are further factors driving the sales of video games and related accessories.

Investigations are also being done into gaming’s potential as a tool for encouraging cognitive learning. Although it is still in its infancy, the concept of “gaming to study” is progressively gaining acceptance, providing a fresh video game market outlook.

The Asia-Pacific market was able to dominate the global video game market due to China’s rise as a significant gaming hub.

Key Takeaways from Market Study

• The video game market is expected to have a CAGR of 12.9% during the forecast period.
• The market is segmented based on device, wherein the mobile segment accounted for a significant global video game market share of 40% in 2021.
• The market is segmented based on type, wherein the offline segment accounted for an adequate global video game market share of 62% in 2021.
• The Asia-Pacific video game market is anticipated to grow at the fastest rate, with a revenue share of 53% in 2021.
• The North America video game market is expected to grow significantly during the forecast period.
• Demand for video game consoles is high due to features like premium displays and sound systems made to give players an enhanced and improved experience.

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Competitive Landscape:

Future growth prospects for the video game market are high. The economy’s fastest-growing sector, new firms are constantly joining the market to bring forth innovations.

Some major participants in the video game market are Activision Blizzard Apple Inc., Disney, Electronics Art Inc, Lucid Games, Microsoft, Nintendo, Rovio Entertainment Corporation, Sony Interactive Entertainment Inc., Tencent Holdings Limited.

Recent Developments:

• NFL Pro Era, a football video game for Meta Quest and PlayStation, will be released in April 2022 thanks to a partnership between the NFL and the sports technology company StatusPRO. Players in the market are aggressively concentrating on innovation and product differentiation to maintain their individual market shares.
• To enter the main gaming market, Tencent invested in ByteDance in January 2020.
• 2018-founded Epik Prime collaborates with game creators to facilitate the release of in-game digital goods. It is supported by Nintendo, and presently collaborates with over 250 businesses representing more than 1,000 video game brands.

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Key segments

By Device:

• Console
• Mobile
• Computer

By Type:

• Online
• Offline

By Region:

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

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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 automotive tinting films market is likely to flourish its growth at a CAGR of 4.9% and reach a valuation of USD 5.89 bn by 2032, while it holds a revenue of USD 3.83 Bn in 2022.

According to the research at FMI, Higher sales of luxurious cars with consumers and end users turning towards personal safety from high sun rays and other harmful rays are driving the sales of automotive tinting film in the new market spaces.

Heat and glare reduction function has been driving the demand for automotive tinting film as it provides the desired level of comfort by stopping the maximum percentage of sun rays by reflecting them back at sky or dispersing them around, expanding the automotive tinting film market size

Sales of automotive tinting film increases with use of advanced nano technology to reduce the high heat by rejecting it through the help of the tinted films, providing a lifetime warranty to the end users.

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The new market players entering the market space gaining a lot of traction, enabling new tint technology for the end users that doesn’t violate any government laws, thriving the demand for automotive tinting film.

Key Takeaways from Market Study

• According to the automotive tinting film market analysis states that Light commercial vehicles (LCV) is the leading vehicle type segment in the automotive tinting film market, attributing the growth to factors like ability to protect from UV rays with better cover and protection against any heavy object thrown towards the vehicle.
• Windshields are dominating the application segment, holding the major share in the automotive tinting film market, owing its growth to common use of it as it is the most exposed glass of the vehicle covering 40% of the window area of a vehicle.
• North America is forecasted to hold the major revenue in the global automotive tinting film market by the end of 2032, thriving on triggers like higher sales of vehicles and the growing diseases sunlight infection amongst people etc.

“Automotive tinting film market survey suggests that the use of tinting film is increasing with the growing heat and UV penetration. Technologically advanced manufacturing units are producing automotive tinting films that are environmentally safe and can be considered less fueling the sales of automotive tinting film.”  says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of automotive tinting films are emphasizing bringing new technology to the market front. Key players are working together and developing new product lines to enter unapproached market places. New market players also expand the research and development chains to make the product cheaper and more accessible while taking care of the compliance policies of government, fueling the demand for automotive tinting films.

• Eastman has introduced its UV repellent automotive tinting film to prevent the damages of everything driving like rocks and pebbles, road salt, road debris and sand. This pushes the demand for automotive tinting film.
• Solar Screen smart film solution has launched its adhesive film automotive, enabling the end user to tint the windows and windscreens using a variety of colors, flourishing the sales of automotive tinting film.

Automotive Tinting Film Market by Segmentation

By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Application:

• Windows
• Windshields

By Region:

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

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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 magnetic stripe readers market is estimated to expand at a remarkable CAGR during the forecast period 2022-2032. Growing emphasis on contactless interfaces and enhanced security of personal identification cards has resulted in increasing the adoption of magnetic stripe embedded smartcards, which is in turn, bolstering the demand for magnetic stripe readers in the market.

Magnetic stripe readers, also called magstripe readers or magnetic card readers, are hardware devices that are able to read the information encoded in the magnetic stripe. It can also be used to access, validate, authenticate, and retrieve data or information stored in these stripes. As the deployment of magnetic stripe increases convenience and assist in enhancing identity management, it is extensively being used credit cards, identity cards, debit cards, loyalty cards, gift cards, and others.

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In addition, increasing incidence of corporate data thefts and mischiefs, these magnetic stripes are also being utilized in access cards to prevent the intrusion of unauthorized identity in secured premises such as banking institution, airports, and others. These cards are finding a wide range of applications across sectors such as banking, financial services, insurance, transportation, and retail sectors for usage in the execution of any transaction or any identity-based activities as well.

Thus, cards embedded with magnetic stripes are gaining enormous traction across all professional and commercial fronts by individuals and enterprises alike. As magnetic stripe readers are used to read, access, and authenticate the information encoded in the card, increasing adoption of these cards is projected to augment the sales in the global market.

What are the Challenges Faced by the Magnetic Stripe Readers Market?

Although magnetic stripe embedded card offers numerous benefits, relatively high cost of these cards, risk of getting the data encoded damaging presence of strong magnetic fields, and less durability are discouraging the use of magnetic stripe card, which is in turn, hindering the sales of magnetic stripe readers.

Also, increasing customer inclination towards using magnetic stripe embedded card alternatives such as biometric and smart cards, high initiation cost, and limited data storage capacity of magnetic stripe readers are other factors restraining the growth in the market.

Market Competition

Some of the leading players in the global magnetic strips readers market are Brush Industries, ID Tech, Jadak, Unitech, Xico Inc., Ingenico Group, Azkoyen Group, Posiflex, Magtek Inc., MUTEK Ltd, Verifone, Honeywell, Motorola, Neuron Electronics Inc., and Square Reader.

Attributed to the presence of such high number of participants and increasing product launches with advanced features, the market is highly competitive.

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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 global high protein yogurt market is expected to reach a market valuation of US$ 32.8 billion by the year 2022, accelerating with a CAGR of 6.6% through 2032. The global market value for high protein yogurt developed at a CAGR of roughly 4.9% over the last half-decade.

The rising popularity of flavored yogurt is a key trend boosting the market for high protein yogurt. The inclusion of a range of products has increased the possibilities available in the dairy aisle.

The global need for real, natural, and fresh flavor experiences is being driven by consumer demand. Even in diverse places like China, Brazil, Poland, and India, consumers seek out food that tastes genuine and authentic.

The growing significance of yogurt consumption as a dietary intervention in the management of protein shortage is a notable development in the high protein yogurt industry. The market share of high-protein yogurt has expanded due to the rising popularity of live probiotic cultures.

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Due to the yogurt’s capacity to enhance intestinal health, commerce is increasing. The market potential for high protein yogurt has expanded due to the rising popularity of plant-based protein.

Due to the rise in demand for low-fat and low-sugar snacks, new revenue streams have become available for the sales of high protein yogurt. Top rivals are competing to offer similar opportunities, notably by offering unsweetened choices.

Key Takeaways from Market Study

• The high protein yogurt market is expected to have a value of US$ 62.1 billion by 2032.
• Currently, the high protein yogurt market is worth US$ 32.8 billion.
• Future Market Insights (FMI) forecasts positive growth for the global high protein yogurt market at a CAGR of 6% during the forecast period.
• Consumer preferences are inclining towards maintaining a healthy lifestyle, which has led to the higher consumption of high protein products with potential health benefits.
• North America holds 38% of high protein yogurt market share.
• Asia Pacific is currently holding a value of US$ 6.4 billion in the high protein yogurt market.
• Based on product type, drinkable yogurt is most preferred in the high protein yogurt market.

Competitive Landscape

In a move to capitalize on the high-protein trend, yogurt brand Fage has announced the launch of a new product line called “Total Greek Yogurt with Protein.” The line is available in five flavors: strawberry, blueberry, peach, raspberry, and vanilla. Each cup of yogurt contains 20 grams of protein.

Today, there are many high protein yogurt products on the market. However, most of these products are marketed to athletes and people who are looking to build muscle. Recently, a new high protein yogurt product was launched that is specifically designed for people who are health conscious.

This new product contains 30 grams of protein per serving, making it one of the highest protein yogurts on the market. It is also low in calories and fat, making it a healthy choice for people who are trying to lose weight.

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Recent Developments

• Chobani, LLC, helped the company grow in the area and state of Idaho by expanding its manufacturing facilities in Twin Falls in 2016. The company makes a nearly $100 million further investment to maintain momentum as it expands into new markets and grows its category.
• As part of a strategic shift toward plant-based foods and beverages, GROUPE DANONE acquired WhiteWave in 2017. This helped the company satisfy consumer demands for more sustainable and healthier options.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global High Protein Yogurt 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 (spoonful and drinkable), Nature (organic and conventional), and Sales channels (Direct, Indirect) across seven major regions of the world.

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High Protein Yogurt Market by Category

By Nature:

• Organic
• Conventional

By Product Type:

• Spoonful
• Drinkable

By Source:

• Dairy-Based,
• Plant-Based

By Flavor:

• Regular
• Flavored
• Berries
• Vanilla
• Chocolate
• Peach
• Mango

By Sales Channel:

• Food Service
• Store-Based Retailing
• Hypermarkets/Supermarkets

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Frequently Asked Questions

How Big is the High Protein Yogurt Market?

What is the Expected CAGR of the High Protein Yogurt Market?

What is the North America High Protein Yogurt Market Share?

What is the Growth Outlook of the High Protein Yogurt Market?

Which Product Type is Popular in the High Protein Yogurt Market?

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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Exhibiting a CAGR of ~8%, the global fish feed market is slated for impressive growth between 2022 and 2032. Fish feed manufacturers are continuously driven towards increasing their production capacity by building state of art facilities at their sites to improve the quality and efficacy of their fish feed and boost the species performance and digestibility. Though, subjected to squeezed cash flow, likely Greenfield announcements are on hold and brownfield expansion may resume by the end of next quarter.

The cultivation of newly found species and their increasing applications in the feed industry is are key factors enabling growth in the fish feed market. New aquatic life, which are richer in protein and nutrient content, are gaining popularity as substitutes for older aquatic products. The rising demand for better and effective substitutes will spur the growth in the fish feed market.

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The increasing frequency of disease outbreak in the last few years is adversely affecting production of major aquaculture species, including tilapia and shrimp. To contain this and ensure uninterrupted production, businesses will extensively invest in research and development activities. Such initiatives are likely to have positive impact on the overall market.

The rising demand for organic food will also give impetus to the market. Driven by prevailing market forces, companies are likely to focus on “organic” certification. This is a key trend to look forward to in the fish feed market.

Key Takeaways from the Fish feed Market Study

• The fish feed market is estimated to be valued at US$ 112 Bn in year 2022 and exhibit a CAGR of 8% between 2022 and 2032.
• Among forms, the pellet segment is estimated to be dominant in the global fish feed market, with a revenue share of nearly 50%.
• Currently the fish feed market is led by fish and fish products among product types with share of more than 80%.
• Nutrition management for special nutritional requirements in fish feed is indispensable for the market players. This tool helps them combat the negative impact of diseases and improve survival rates in fishes.

 “The demand for commercially produced feed, water treatment products, feed additives, fertilizers, and vaccines will increase in the coming years. Recently genetics and animal health products have become more sophisticated. This will aid in the development of feed of desired effect,” said an FMI analyst. 

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Market Segmentation

Product Type

• Plant Based
• Fish & Fish Products
• Microorganism

Form

• Pellet
• Granules
• Flakes
• Sticks
• Powder

End Use Application

• Commercial
• Household

Distribution Channel

• B2B
• B2C
• Store based
• Online retail

Who is winning?

A few of the companies operating in the fish feed market are Cargill, Inc., Norel SA, Koninklijke DSM N.V., Aller Aqua A/S, BioMar Group, Zeigler Bros., Inc., Archer Daniel Midland, Skretting AS, Nutreco N.V., Biomin Holding GmbH, Dibaq Diproteg SA.

These companies are primarily focusing on developing innovative fish feed products. Besides this, some of them are emphasizing on acquisitions and investment in research and development of advanced technologies to launch novel products. For instance

• In 2022, Nutreco launched two new fish feed products under the brand Skretting AS in Egypt to increase its market presence in Europe region
• In 2017, Nutriad NV improved its product range by using advanced formulating techniques NutriTrace into its organic mineral product line to improve its commercial industry standards
• In 2016, Ridley acquired Camilleri to improve its product range
• In June 2015, ADM released its new fish feed product derived of algae rich in DHA in collaboration with between Bunge Ltd. and terravia

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Table of Content

1. Market Overview

1.1. Market Coverage / Taxonomy

1.2. Market Definition / Scope / Limitations

2. The Massive Impact of the Crisis

2.1. Global Fish Feed Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2022-2026) and Long Term (2027-2032)

2.1.1. Optimistic Scenario

2.1.2. Likely Scenario

2.1.2.1. China

2.1.2.2. US

2.1.2.3. India

2.1.2.4. Euro Zone

2.1.2.5. Asia Pacific

2.1.2.6. Rest of the World

2.1.3. Pessimistic Scenario

2.2. Key Factors Impacting the Market

2.3. Note: Market Assessment shall be Provided for Likely Scenario

3. Market Dynamics

3.1. Drivers

3.1.1. Supply Side Drivers

3.1.2. Demand Side drivers

3.1.3. Economic Side Drivers

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:

Future Market Insights Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The global vegan flavor market is anticipated to witness growth at a CAGR of 6.4% and top a valuation of US$ 16.3 Bn by 2032. The vegan flavor is one of the most trending terms in foods nowadays, as consumer demand is more towards vegan products than vegetarian products.

The demand for high-quality vegan bakery items is increasing, resulting in a favorable trend in the vegan flavor market.

In the very competitive vegan taste market, it’s essential to concentrate on marketing methods. The most significant factors that enhance the sales of vegan flavors are monitoring target consumers and utilizing correct promotional techniques.

Many people are unaware of the vegan flavors offered and consequently prefer other options. The vegan flavor market size is predicted to rise as a result of providing vegan flavor-specific product brochures and establishing customized services.

Due to the growing popularity of artisan bakeries, the sales of vegan flavor is projected to see an increase from 2022 to 2032. The color, texture, and flavor of these foods are selected to meet the demand of the consumers.

The number of health-conscious consumers is growing, which is fueling the demand for vegan flavor. Since customers all across the world are looking for a healthier way of life, the sales of vegan flavor are rising.

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Furthermore, this rising demand for vegan flavor is expected to have a long-term impact on consumer purchasing habits, boosting the vegan flavor market share.

The current trend has also led to an increase in the number of artisan bakeries. To meet the demand for healthful and high-quality baked items, artisan bakers use a variety of vegan flavors.

Key Takeaways from Market Study

• The vegan flavor market is worth of USD 8.7 Bn sales in 2022.
• The vegan flavor market is expected to expand at CAGRs of 6.4% through 2032.
• Global sales of vegan flavor is projected to grow year-on-year (Y-o-Y) growth of 5.5% in 2022.
• The vegan flavor market is growing with a notable boost towards the production to reach USD 16.3 Bn by 2032.
• High product demand for vegan flavor from vegan food industry, soaring production of raw material, tasty and healthy product form are the factors driving growth of the market.
• Furthermore, it is one of the influencing factors among consumers, which is driving sales of vegan flavor across global markets.
• Demand for vegan flavor grew at 5.2% CAGR between 2017 and 2021.
• International Flavors & Fragrances, Inc., Givaudan SA, Sensient Technologies Corporation, Symrise AG, and DSM N.V. are expected to be the top players in the vegan flavor market.
• Vegan flavor market along with fruits as source, powdered vegan flavor, confectionery items as application, and B2C sales channel are in heavy demand from food industry carrying a notable market share.

Vegan Flavor Market Segmentation

By Source:

• Vegetables
• Fruits
• Algae
• Herbs & Spice
• Fusion

By Form:

• Powder
• Blended
• Liquid
• Oil
• Others

By Application:

• Bakery Products
• Confectionery Items
• Dairy & Desserts
• Processed Food
• Beverage Industry
• Dietary Supplements
• Pharmaceutical Industry
• Others

By Sales Channel:

• B2B / HoReCa
• B2C

By Region:

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

“Vegan flavors can work perfectly to balance between mouthfeel, masking bitter protein notes, or defining flavors and building in the characteristics of a vegan food item which makes the product unique and creates a memorable vegan taste experience, propelling market growth.”- Future Market Insights Analyst.

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Competitive Landscape

Key players in vegan flavor market are conducting several researches and looking for new strategic partnerships, while key vegan flavor brands are focusing on developing applications in the food industry to generate high quality food and beverage solutions.

The vegan flavor market key players are focusing on new formulations and product innovations to gain market share and attract more customers towards the product.

• In 2022, Chennai-based functional food brand VegaBytz announced to launch its vegan flavor brand and products in India. The company is a pioneer in the UK market developing award winning and world-class vegan meat products.

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

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Product launches & Recent Developments

    3.4. Product Life Cycle Analysis

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Recent Developments in the Vegan Flavor Market:

• On 3rd March 2021, the global science-based company active in health, nutrition, and sustainable living announced to launch the product Maxavor® Fish YE, an 100% allergen-free new vegan flavor solution, which is derived from algal oil. The vegan flavor permits food manufacturers to provide a mouthfeel and an authentic fish taste.
• In July 2019, Symrise AG opened a new liquid flavourings production facility in Russia. Its goal was to supply sweet, beverage, and dairy goods with regionally developed flavour solutions.
• Givaudan SA completed the acquisition of Albert Vieille SAS, a French company with a substantial presence in the local market, in May 2019. This acquisition is likely to aid the company’s expansion into European markets.
• Magnum, a Unilever brand, debuted its first vegan ice cream in New Zealand in 2019. Magnum Dairy Free is the brand name for the items.
• Plant Veda introduced Lassi, the world’s first vegan probiotic, in North America in 2019. Mango, saffron cardamom, coffee, vanilla, and turmeric ginger are among the five flavours available.

Explore More Valuable Insights

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

The study offers compelling insights based on source (vegetables, fruits, algae, herbs & spice, and fusion), by form (powder, blended, liquid, oil, and others), by application (bakery products, confectionery items, dairy & desserts, processed food, beverage industry, dietary supplements, pharmaceutical industry, and others), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.

Sluggish automotive industry growth through 2019 combined with disastrous downswings across 2020 induced by the coronavirus pandemic have significantly weighed down growth prospects for the global automotive door hinges market. Fortunately, rebounding car sales across markets such as China, combined with the enhanced scope for electric vehicles is likely to buoy the market through 2021, concludes ESOMAR-certified firm Future Market Insights, in its recently published report.

The anticipated upswing is noteworthy, considering a shortfall in global automotive production by over 4 million units in 2019. China, the global automotive powerhouse, contributed to the bulk of this decline, as tax rebates on automotive purchases were rescinded, and further exacerbated by the pandemic crisis. Moreover, projections by Fitch Ratings established 2% decline in US automotive sales to around 17 million units.

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Growth Avenues abound across the EV Market

While the aforementioned trends induced a downturn in the recent past, prospects are likely to be elevated with constant emphasis on boosting EV production. Accounting for over 2% of global automotive sales, the electric car fleet is expanding swiftly, driven by ambitious policy announcements, according to estimates by the International Energy Agency.

Spiking sales of key EVs such as Chevrolet Bolt, Mitsubishi Outlander PHEV and Tesla Model 3 have led to a wider growth scope for sales of automotive door hinges in 2020 alone. With proposed EV charging infrastructure expansion and an imminent business recovery on the card in the post pandemic world, key door hinge manufacturers are anticipated to capitalize on the ever widening EV market landscape, prompting a slew of innovations and product launches.

Key Takeaways

• Hybrid steel based automotive door hinges to acquire an elevated market share amid growing demand for enhanced strength
• By vehicle type, luxury passenger car door hinges to witness heightened sales
• Regular maintenance cycles to cement aftermarket automotive door hinge sales through 2021
• US to pivot North American market growth, attributed to stringent regulatory provisions concerning durability of automotive doors
• Prolific manufacturing technology advancements to bolster UK growth prospects
• Germany’s market growth banking on increasing future EV sales, emerging as the 2^nd largest European market
• Post-pandemic recovery to post substantial gains across the Chinese automotive door hinges market

“Stringent automotive safety regulations to prevent accidents is prompting vehicle manufacturers to incorporate robust, lightweight yet durable construction material, accelerating growth prospects for automotive door hinge sales,” says an FMI analyst. 

Competitive Landscape

According to FMI’s analysis, the automotive door hinges market is peppered with the presence of following players: Dura Automotive LLC, Magna International Inc., Aisin Seiki Co. Ltd., Gestamp Group, Multimatic Inc., Brano Group, DEE Emm Giken, ER Wagner, Midlake Products & Mfg. Company Inc., Pinet Industrie, Monroe Hinge, Rell Precision Manufacturing Inc., The Paneloc Corporation and Saint Gobain.

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Segmentation

By Sales Channel

• OEM
• After Market

By Material

• Steel
• Aluminum
• Brass/Bronze/Composite Material

By Product Type

• Front & Rear Automotive  Door hinges
• Tailgate Hinges/ Bonnet Hinges

By Vehicle Type

• Passenger Car
  • Compact
  • Mid-Size
  • Luxury
  • SUV
• LCV
• HCV

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• MEA
• SEA
• China
• India
• Japan

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About Future Market Insights (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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs