Safflower Oil Market Gross Margin Report with Key Developments, Historical Market Size Value-2027

Increasing health consciousness, consistently growing preference for organic food ingredients, and rapidly soaring sales of convenience foods have been shaping the safflower oil market for edible vegetable oils in recent years. Research also points to a significant surge in non-food applications of vegetable oils that contributes significantly to growing demand worldwide.

One of the most sought after non-food applications includes fostering biodiesel production from vegetable oils, which is more likely to improve revenue growth prospects of producers of edible vegetable oils such as safflower oil, according to a recently published market research outlook by Future Market Insights.

The research intelligence presented by FMI forecasts steady growth in the global revenue of safflower oil landscape. In 2019, the safflower oil market value is slated for a just-under 5% growth over that attained in 2018.

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Food Industry Continues to Register High Safflower Oil Consumption

While the vegetable oil landscape is expanding at a robust pace primarily owing to food industry applications, the safflower oil space is more likely to be driven by non-food applications in the near future such as manufacturing of detergents and soaps, and lubricants and greases. Candles manufacturers also register substantial volume consumption of safflower oil, according to the report.

Safflower Oil Market: Segmentation

Analysis by Nature

  • Organic
  • Conventional

Analysis by Product Type

  • High Oleic
  • High Linoleic

Analysis by End Use

  • Retail/Household
  • Foodservice
  • Food & Beverage Processing
  • Pharmaceuticals
  • Dietary Supplements
  • Cosmetics & Personal Care
  • Others

Analysis by Sales Channel

  • Direct Sales
  • Modern Trade
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

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Safflower Oil Market

However, the study also reaffirms that the applications of safflower oil in food industry will continue to represent a relatively larger share in the total market revenue. An approximate 10-12% value share currently belongs to the foodservice sector, as indicated by the report.

With rich content of Omega-6 fatty acids, safflower has been a popularly recommended health supplement over the decades. As deficiency of Omega-6 fatty acid prevails among masses, it is more likely that safflower oil would continue to witness considerable demand over coming years. Safflower oil makes a strong contender in the specialized edible oils line-up and serves a vital role in maintaining the cholesterol balance, thereby aids in improvement of atherosclerosis.

Research also proves the role of safflower oil in the regulation of blood sugar levels, which highlights its excellent consumption potential within the expanding diabetic population. Moreover, the report points to growing recommendation of incorporation of safflower oil in daily diet of obese people, creating another high potential opportunity of safflower oil consumption. Other applications of safflower oil including hair care, skincare, immunity management, and regulation of muscle contraction continue to further drive the revenue growth of safflower oil market on a global level.

Asian Market Reflects Significant Revenue Growth Potential

High linoleic acid content marked in the nutritional profile continues to push adoption of safflower oil across consumers in developed regions such as Western Europe, North America, and Japan. Increasing consumer preference for clean labeled packaged/processed food products is providing a strong impetus to organic food ingredients, which is in turn boosting consumption of organic safflower oil by food manufacturers.

Constantly rising demand for edible oils in populous developing countries such as India and China is identified to be a major driving force pinpointing the growth of safflower oil market across Asia Pacific. Evident increase in the awareness about health concerns related to trans-fat is another strong factor accounting for the soaring safflower oil consumption in the region.

Shrinking Cultivation Land Remains a Longstanding Barrier

Shrinking area of oilseeds cultivation land is widening the scope of alternative edible oils other than the popular options such as palm oil, coconut oil, sunflower oil, and soybean oil thereby enhancing revenue growth prospects of safflower cultivators and safflower oil producers across Asian economies.

Indian safflower farmers are facing the competition in recent years owing to contracting cultivation land area. The report says that despite land pressure and the subsequently curtailed safflower oil yield, traditional safflower farmers continue farming with an objective to continue the legacy of safflower oil as a unique edible oil alternative. Leading safflower oil manufacturers based in India are thus projected to focus on health product positioning, according to the report.

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Global Safflower Oil Market Remains a Consolidated Landscape  

India-based Marico Ltd. is the global leader in safflower oil landscape, accounting for over 60% share in the total revenue. The company has been actively focusing on new product launches under the edible oils category to resonate with existing consumer trends. Recently, Marico added a new product to its safflower oil range by Saffola. While this safflower oil has been launched in the premium oil segment, it strategically targets consumers seeking healthful, value-added ingredients.

In a highly consolidated landscape of safflower oil, Connolis LLC, Oilseeds International Ltd., and Spectrum Organic Products LLC also mark the positions of important players. Besides the aforementioned market leaders, the report provides valued insights on company profiles and strategic developments of a number of smaller players, collectively accounting for a mere revenue share of around 5-6% in the global safflower oil marketplace.

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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 5 years.

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Fruit Pomace Market Share, Updated Insights, Developments, Business Prospects by 2032-FMI

The global fruit pomace market is set to witness growth at a CAGR of 4.1% over the forecast period and might top a valuation of US$ 4.2 Bn by 2032. As of 2022, the fruit pomace market has a valuation of US$ 2.8 bn.

Fruit pomace has wider applicability in the food and beverage industry. It is used to add flavors or colors to different packaged food items or snacks, such as cookies, and to produce beverages, such as wine and alcohol. This increasing demand for unique taste profiles by millennials is predicted to boost market growth in the near future. The by-product of fruit processing is fruit pomace, a rich fiber source and an integral component of the human diet. Adding fruit pomace to various items can increase the levels of dietary fiber content and can enhance nutritional compositions like pectin, antioxidants, minerals, and carbohydrates.

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Additionally, fruit pomace is also being employed in animal feeds specifically because of its eco-friendly nature. Moreover, these play a sound role in maintaining the right ecological balance because of their ability to support sustainable solutions. Additionally, increasing consumption of organic products, coupled with the increasing vegan population, is expected to impact the fruit pomace market positively. This might increase the sales of fruit pomace during the forecast period.

However, one of the most important drivers for the fruit pomace market is the growing health-conscious population. The increase in the number of lifestyle diseases has made more and more people proactive as far as dealing with their health is concerned.

“Increasing cases of veganism, coupled with an increase in the demand for animal feed and plenty of other factors are expected to surge the demand for fruit pomace during the forecast period”says a Future Market Insights analyst.

Key Takeaways

  • The fruit pomace market has a valuation of US$ 2.8 bn as on 2022.
  • By 2032, the fruit pomace market is expected to be valued at US$ 4.2 bn.
  • The fruit pomace market is expected to progress at a CAGR of 4.1% during the forecast period.
  • North America currently dominates the fruit pomace market with a share of nearly 41%.
  • Europe is one of the most significant fruit pomace markets.
  • Asia Pacific is expected to be the fastest growing market during the forecast period.
  • By end use application, animal feed is expected to account for the maximum market value share of the global market by 2032 end
  • Indirect channel is expected to account for a higher market share than direct channel by 2032 end

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Competitive Landscape

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and create a larger customer base.

Some of the recent developments are:

  • In July 2022, Agrana presented at the BIOFACH Nuremberg the products ranging from palm oil-organic cocoa butter crunchies to vegetarian organic Leberkase.
  • In April 2022, Louis Dreyfus successfully completed biofuel trial on first carbon neutral juice shipment.

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Key Companies Profiled

  • Lemon Concentrate S.L.
  • LaBudde Group, Inc.
  • Citrosuco S.A.
  • Sucocitrico Cutrale Ltd
  • Agrana Beteiligungs-AG
  • Marshall Ingredients, LLC
  • Louis Dreyfus Company B.V.
  • Polyphenolics Inc.
  • FruitSmart Inc.
  • Pacific Coast Fruit Products Ltd.
  • GreenField Sp. z o.o.
  • Appol sp. z o.o.
  • Whole Vine Products

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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Cottonseed Oil Market Trends, Segment Wise Analysis with Business Prospects for Major Players-2028

The Cottonseed Oil Market is valued at US$ 4 Billion in 2021. The market is likely to grow at a CAGR of 3.2% through 2028, reaching US$ 5 Billion.

Registering decent consumption in retail and industrial sectors, cottonseed oil is gradually gaining ground in the food service provider segment as well. However, according to a new Future Market Insights’ study, the global revenue through cottonseed oil sales will continue to expand at a passive rate.

Towards the end of 2022, the global cottonseed oil sales are likely to cross the valuation of US$ 4 Bn and a majority of it will come from the sales observed in the Asia Pacific region, as reported by the FMI analyst.

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At a mere below-3% year on year revenue growth estimated for 2019 and ahead, the global cottonseed oil landscape reflects a sluggish growth outlook at a global level. The report based on the cottonseed oil market analysis discusses in detail the top two pull factors associated with the declining growth rate of cottonseed oil market revenue.

Gossypol Content of Cottonseed Oil Accounts for the Demand on Lower Side

Although the demand for edible oils, especially cold-pressed variants, is observing a steady upsurge across the globe, cottonseed oil remains an exception. The report cites ample presence of a compound – gossypol – in cottonseed as the key factor responsible for the restricted consumption of cottonseed products, including cottonseed oil.

“While constantly ongoing research is likely to result in lowering the toxicity levels of gossypol content in cottonseed, the overall growth of the demand for cottonseed and derived products such as cottonseed oil remains passive worldwide,” adds the analyst further.

Another strong factor restraining the sales of cottonseed oil is its neutral taste and indistinct flavor, unlike that of other edible oil competitors – as indicated by the FMI report.

Market segmentation

Global Cottonseed Oil Market Segmentation on the Basis of Nature

  • Organic
  • Conventional

Global Cottonseed Oil Market Segmentation on the Basis of Raw Material

  • Genetically Modified Cotton
  • Non-genetically Modified Cotton

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Global Cottonseed Oil Market Segmentation on the Basis of Distribution Channel

  • Industrial
    • Food Processing Industry
      • Bakery & Confectionery
      • Sauces, Spreads, & Dressings
      • Shortenings/Margarine
      • Others
    • Cosmetics & Personal Care
    • Others
  • Food Service Providers
  • Retail/Households

Global Cottonseed Oil Market Segmentation on the Basis of Packaging

  • Bulk
  • Retail
    • Pouches
    • Cans
    • Tins

Global Cottonseed Oil Market Segmentation on the Basis of Distribution Channel

  • Direct/B2B
  • Indirect/B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Traditional Groceries
    • Online Retail

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China’s Lead Sustains APEJ’s Top Consumer Position in Cottonseed Oil Landscape

Asia Pacific (excluding Japan), the largest cottonseed producer and exporter – and the potential goldmine for leading F&B manufacturers, processors, packagers, and import-export stakeholders – offers a heap of business opportunities increasing the likelihood for businesses to thrive in this regional market. India and China currently hold an almost equal revenue share in the APEJ market for cottonseed oil; however, according to the report, China is witnessing moderate yearly growth in revenue and thus will reflect higher incremental opportunity in the market, in coming years. At present, China accounts for more than 40% share of APEJ’s revenue, closely trailed by India.

Regional and Local Market Players Hold Important Positions in Cottonseed Oil Market

The global landscape of cottonseed oil is characterized by the active presence of a large number of MNCs as well as regional players, of which the former account for around 50% market value share whereas the latter make up for nearly 30% share of the total market value.

The report closely examines significant players in the cottonseed oil market such as Cargill, Incorporated, Archer-Daniels-Midland Company, Wilmar International Ltd, The Nisshin OilliO Group, Ltd, Bunge Limited, and Louis Dreyfus Company B.V. Moreover, the competition tracking involves some of the important regional and local level companies, including Gabani Industries Ltd., Asha Cotton Industries, PYCO Industries, Inc., and Matangi Cotton Industries.

Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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 6 years.

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Whole Grain & High Fiber Foods Market Research with Profitability by Market Segments & Business Prospects – 2032

The sales of whole grain & high fiber is estimated to be valued at US$ 50,872.6 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 105,379.4 Mn by 2032, rising at a CAGR of 7.6% for 2022-32.

Over the past couple of years, consumer preferences and eating patterns have changed. The change in diet is influenced by a range of factors such as higher Internet penetration, rise in awareness about the consumption of healthy food products, rise in concerns over obesity rates, evolving technological factors, food production, etc. Consumers have been taking care and steps regarding the type of food that they consumer on a regular basis.

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Consumers’ rising awareness about the close association between food and health has been turning out to be one of the most important social developments in the recent past. Various factors such as busy lifestyles adopted by consumers, rise in the obese population, and consumption of unhealthy food have been driving the consumers to shift to healthy diets.

Consumers take into account the type of food that they consumer on a day-to-day basis. As a result, products such as whole grain & high fiber foods have been gaining traction over the past couple of years among their target customers. Whole grain & high fiber foods are those products that have been processed into finished products sourced from whole grains or high fiber sources such as seeds & nuts.

These whole grain and high fiber foods contain minimum 51% of whole grains or 10-15% of dietary fiber. These include products such as bakery, breakfast cereals, pastas, and savory snacks. Whole Grain & high fiber foods can also be sourced from multiple whole grain sources. Only finished and packaged products have been considered in the market for whole grain & high fiber foods, and the volume is based on the weight of the entire finished product.

The importance of whole grain & high fiber foods in the bakery segment has been enduring, owing to the rise in the number of diet conscious consumers. Whole grain & high fiber foods have a wide range of applications in the production of various bakery products such as breads, cakes & pastries, baking ingredients & mixes, and other bakery frozen products.

Segments Covered in Whole Grain & High Fiber Foods Market AnalysisBakery Products:

  • Breads
  • Cakes & Pastries
  • Baking Ingredients & Mixes
  • Frozen Products

Breakfast Cereals:

  • Flakes
  • Muesli & Granola

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Crisps & Crackers:

Snack Bars:

Pastas & Noodles:

Flavour:

  • Fruit
  • Nuts
  • Honey
  • Chocolate
  • Vanilla
  • Others

Source:

  • Maize
  • Wheat
  • Brown Rice
  • Oats
  • Rye
  • Barley
  • Quinoa
  • Mult-grain
  • Others

Packaging Format:

  • Bags & Couches
  • Folding Cartons
  • Trays & Containers
  • Cans

Nature:

  • Organic
  • Conventional

Distribution Channel:

  • Direct
  • Indirect
    • Hypermarket/Supermarket
    • Discount Stores
    • Convenience Store
    • Specialty Stores
    • Online Retailers
    • Others

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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Phospholipase Enzyme Market Innovation and Expansion of Key Data & Business Prospects 2032

The phospholipase enzyme market is estimated to be US$ 224 Bn in the year 2021 and is expected to grow at a Compound annual growth rate (CAGR) of 6.15% that would take the value of the Phospholipase enzyme market to US$ 432 Bn for the forecast period of 2022 to 2032.

Due to the increase in the demand for good quality convenient food like ready to eat or ready to cook due to dynamic and healthy lifestyle, higher shelf life, natural and healthy option for preservatives is likely to drive the phospholipase market. With the beneficial properties and advancement in technology, the phospholipase enzyme is expected to cause a revolution in the medicine and pharmaceutical industry.

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Cheese is a popular food item all across the world. However, with increasing health-awareness among consumers, the preference for low-fat cheese is growing. Thus, manufacturers are looking for appropriate ingredients that will help them develop low-fat cheese. Phospholipase enzyme is a suitable option as it reduces the phospholipid content and enables the formation of low-fat cheese.

Also, the increasing per capita consumption of cheese makes it necessary for the manufacturers to increase the yield and quality of cheese to fulfill the requirements of the consumers. Thus, the demand for phospholipase is estimated to increase as it helps in the hydrolysis of phospholipids and improves the yield of cheese. It also aids in reducing the environmental impact of cheese production.

Increasing Applications in Bakery and Vegetable Oil Processing Boosting the Phospholipase Enzyme Market Growth

Various advantages offered by phospholipase enzyme are increasing its demand in the food and beverages industry. Phospholipase enzyme is used in the preparation of cheese as it improves yield and enhances flavour. It is also used in various bakery products to improve their shelf life, maintain moisture, and enhance the texture. The increasing demand for convenience and the healthy snacking trend are anticipated to increase the demand for bakery products, which is further estimated to have a positive impact on the phospholipase enzyme market.

The demand for vegetable oil is expected to rise due to the increasing population all across the world, which serves as one of the major drivers for the growth of the phospholipase enzyme market. Phospholipase enzyme is used in vegetable oil processing.

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Enzymatic degumming is a trending process used to obtain high-quality vegetable oil. Phospholipase enzyme is used for the degumming of vegetable oil, as it hydrolyzes the phospholipids present in the oil and helps to obtain good quality vegetable oil without the use of chemical degumming method. The use of phospholipase enzyme enables the manufacturers to develop low-fat vegetable oil and attract health-conscious customers. This, further increases its applications in various industries. Thus, the demand for phospholipase enzyme is estimated to increase.

Increasing Preference as a ‘Nutritional Value Preservative’ in Processed Foods Driving Revenues

Since the last few years, concerns about health and environment are rising among consumers. People are opting for natural products that do not cause any harm to health as well as the environment. Using chemical processing methods not only harms the environment, but also degrades the nutritional value of the product. Thus, the use of enzymes serves as an excellent option for the processing of the products. Also, end-use industries majorly focus on providing innovative products that are aligned with consumer requirements. It becomes necessary to maintain the nutritional value, as well as quality of the products to attract consumers. Thus, phospholipase enzyme is a suitable option, which helps to preserve the nutritional content and improves the quality of the finished product.

The demand for phospholipase enzyme is anticipated to increase in North America and Europe regions. The trend of clean-label and organic products is estimated to drive the growth of the phospholipase enzyme market in these regions. The phospholipase enzyme market is expected to grow at a medium pace in South Asia and East Asia regions. The rapidly growing population, increasing industrialization, and urbanization are some of the factors that are estimated to propel the phospholipase enzyme market growth in South Asia and East Asia regions.

Manufacturers of food and beverages, nutraceuticals, household care, and cosmetics are trying to establish themselves in emerging economies such as India and China, due to high population, availability of large labour pool, and economic feasibility. This further creates an opportunity for the manufacturers of phospholipase enzyme to improve their marketing strategies and increase their sales in South Asia and East Asia regions.

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Segmentation Covered in Phospholipase Market Analysis

Based on product type:

  • phospholipase A1
  • phospholipase A2
  • phospholipase D
  • phospholipase B
  • phospholipase C

Based on source:

  • animal
  • microbial
  • botanical
  • Data Mining

Based on Region:

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

Key Questions Answered in the Report

  • How much is the Phospholipase Enzyme consumer market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Phospholipase Enzyme sales?
  • How are market players reacting to the new developments in the market?
  • How much share do the top 5 companies hold?
  • Which are the major countries driving demand for Phospholipase Enzyme?
  • Who are the major players in the Phospholipase Enzyme consumer 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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Food Thickening Agents Market: Business Prospects, Corporate Strategy, Important Changes Report-2032

The global food thickeners agents market size is estimated to be USD 2.6 Bn in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 3.8% from 2022 to 2032 and reach a valuation of USD 3.8 Bn by 2032 end.

Health Benefits Pushing Adoption of Food Thickening Agents

Food thickening agents are commonly used for texture and consistency enhancement, without compromising on taste or savory. Moreover, health benefits associated with food thickening agents is also driving the overall sales. Thickens agents such as gums and starches are used a fat replacers, fibre bearing ingredients gums naturally resist digestion whereas starches act as primary energy sources, and the ability to replace high-carb ingredients by reducing the overall calorie content of the food are some key reasons behind enhanced consumption of food thickening agents.

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Consumer inclination towards plant-based food thickening agents is estimated to grow, especially among vegans, in the coming years. Economically priced starch offering high stability and viscosity will make it the fastest growing product segment through 2028.

Application in bakery and confectionary coupled with rising demand for gluten-free bakery products is projected to dominate the global consumption of food thickening agents. The ability of thickening agents to increase the viscosity without altering other taste aspects of the food and beverages and providing an improved mouth feel has made it immensely popular among food manufacturers.

Multiple Functionalities of Food Thickening Agents to Provide Product Innovation Opportunities for Manufacturers

Incidences of medical conditions such as difficulty in swallowing or dysphagia, has led to a greater adoption of food thickening agents as it helps in slowing down the transit of fluids and food, providing more coordination time for the swallowing process. Additionally, cases of dysphagia in infants has created opportunities for food thickening agents manufacturers to come up with innovative baby food, addressing the concern pertaining to rising back of food in the oesophagus, among infants. Since, food thickening agents are also used as stabilizers, providing a longer shelf life to processed food, manufacturers of pet food see this an opportunity to come up with canned food for dogs and cats. Listed in Annex of the Council Directive of Europe, Cassia Gum is considered safe for canned pet foods.

Key Segments Covered

Global Food Thickening Agents Market – By Source

  • Plant
    • Guar Gum
    • Gum Arabic
    • Locust Bean Gum
    • Pectin
    • Starches
    • Other Plant Sources
  • Seaweed
    • Carrageenan
    • Agar
    • Alginate
  • Microbial
    • Gellan Gum
    • Curdlan
    • Xanthan Gum
  • Animal (Gelatin)
  • Synthetic
    • Carboxy Methyl Cellulose
    • Methyl Cellulose

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Global Food Thickening Agents Market – By Application

  • Bakery & Confectionery
  • Meat & Poultry
  • Sauces & Dressings
  • Beverages
  • Dairy Products
  • Other Applications

Global Food Thickening Agents Market – By Region

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa

Frequently Asked Questions

  • How much is the food thickening agents market current worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is boosting food thickening agent’s sales?
  • How are market players reacting to the new developments in the market?
  • How much share does the top 5 companies hold?
  • Which are the major countries driving demand for food thickening agents?
  • Who are the major players in food thickening agents market?
  • What outlook does North America provide?
  • At what rate will the U.S. food thickening agents market grow?

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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Phycocyanin Market Growth Ratio Report with Business Prospects & Key Consumer Insights-2031

Phycocyanin possess anti-inflammatory, anti-oxidants, and hypolipidemic properties due to which it is in high demand in the cosmetics industry. Future Market Insights (FMI) in a study has forecast the global phycocyanin market to reach US$ 136.5 Mn in 2021. Phycocyanin consists of antioxidants such as Beta-carotene and Vitamin A, C and E in large quantities, which are helpful in providing skin nourishment. Increasing awareness regarding various health benefits of phycocyanin besides its anti-cancer properties will fuel its use in cosmetics products.

This is because consumers nowadays are likelier to choose treatment that doesn’t require consumption of medicines. The demand for more natural ways of preventing chronic ailments will bode well for the market. Cosmetics made from phycocyanin witnesses a high demand in the due to their wide use in spa, cosmetics such as American ginseng extracts and herbal treatment.

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Lately, manufacturers have started producing cosmetic products from phycocyanin that are capable for improving cutin degeneration and also has properties of skin nourishment and preventing from ultraviolet irradiations. Further, there is also growing market in the areas of skin whitening, anti-aging and pigmentation reducing products.

Despite rising demand from cosmetics industry, the food and beverages sector will continue dominating the market through the forecast period. The rising demand for food containing natural colors and in general aversion towards artificial ingredients and additives will strengthen phycocyanin presence in the food sector. FMI has projected the food and beverages industry to account for nearly 85% of the overall market in 2021.

Key Takeaways from the Phycocyanin Market Study

The global phycocyanin market is set to 7.1% Y-o-Y growth in 2021, driven by increasing application across diverse industries The U.S. remain an attractive market, accounting for over 82% of phycocyanin sold in North America in 2021 Demand from U.K. will rise considerably. The U.K. market for phycocyanin is expected to register 7% Y-o-Y growth in 2021 Germany and France will emerge as other attractive markets in Western Europe China and India will emerge as lucrative pockets in Asia Pacific excluding Japan Japan market will record 5.7% Y-o-Y growth in 2021 in terms of value

“In order to gain competitive advantage, market players have been focusing on research and development initiatives. This is especially common among new entrants intending to seal their position with the launch of innovative products in the market,” said a lead FMI analyst.

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Who is winning?

Several top manufacturers of phycocyanin are concentrating on providing phycocyanin at an optimum price, owing to their increasing demand among consumers. Different companies have implemented integrated production approach to delivering cost-effective products in the market to escalate their industry footprints and to upsurge their production capacity. Prominent players of phycocyanin are endowing in research and development to produce organic, non-GMO products from phycocyanin.

A few of the leading players operating in the Phycocyanin market are:

  • Chr. Hansen Holding A/S
  • Cyanotech Corp
  • DDW Inc.
  • DIC Corporation
  • Dongtai City Spirulina Bio-Engineering Co., Ltd.
  • Fuqing King Dnarmsa Spirulina Co., Ltd.
  • GNT Holding B.V.
  • Sensient Technologies Corp.
  • Parry Nutraceuticals Limited
  • Döhler GmbH
  • Naturex S.A.
  • Naturalin Bio-Resources Co., Ltd
  • Far East Bio-Tec Co., Ltd.
  • Fraken Biochem Co., Ltd. and other players.

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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 9 years.

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Waterborne Automobile Coating Market to be valued at US$ 141.5 Billion from 2022 to 2032

Waterborne automobile coating products are the future of automotive coatings. All automotive paint manufacturers are working on this technology and have already realized the necessity and importance of waterborne products into both the OEM and refinished automotive coatings markets. The transition from solvent-based coatings, such as urethanes, to waterborne is quickly taking place in the automotive industry. Waterborne coatings use water as a solvent to dissolve a resin, thus making these automotive coatings eco-friendly and easy to apply. In most of the cases, water borne automotive coatings contain more than 75% of water with small quantities of other solvents such as ethers. Waterborne automotive coating are known to be environment friendly and also possess good resistance to heat and abrasion. To use a waterborne coating, a spray equipment designed for waterborne coating is usually preferred.

Report Attribute Details
Estimated Base Year Value (2021) US$ 77 Billion
Expected Market Value (2022) US$ 79 Billion
Anticipated Forecast Value (2032) US$ 141.5 Billion
Projected Growth Rate (2022-2032) 6% CAGR

Global Waterborne Automotive Coatings Market:Drivers & Restraints:

Increasing demand for waterborne coatings owing to its ability to protect automobiles against UV radiation, acid rain and bad weather is expected to drive the global waterborne automotive coating market. Moreover, growing automotive production in Asia-Pacific coupled with rising middleclass income is anticipated to fuel market growth over the forecast period. Surging waterborne coatings demand on account of increasing accidents and aging of vehicles is expected to augment the market demand over the forecast period. Rising consumption of waterborne automotive coatings on account of their excellent chemical and physical properties such as low temperature processing, high chemical resistance and solvent free preparations is anticipated to drive automotive coatings demand. Waterborne automotive coatings are replacing solvent borne coatings owing to their cost advantage and other chemical properties. Moreover new investments by companies along with increasing number of production facilities is expected to further stimulate the global automotive waterborne automotive coatings market.

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Global Waterborne Automotive Coatings Market: Region-wise Outlook

In terms of geography, the global automotive exhaust systems market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. Asia-Pacific is dominant region and is expected to witness swift market growth at a steady CAGR due to increasing vehicle production particularly in India, China and Japan. Moreover increasing government expenditure on road maintenance is expected to further accelerate the growth for waterborne automotive coating market in Asia-Pacific region. North America and Western Europe are other attractive markets owing to its strict government regulation and environment safety norms.

Global Waterborne Automotive Coatings Market: Key Players

Transition to waterborne automotive coatings from solvent based coating has prompted automotive coating manufacturers to increase investment and production of new waterborne coated products. Global waterborne automotive coating market is dominated by key players which include BASF SE, Akzo Nobel NV, Du Pont Performance Coating, Kansai Paint, Arkema SA, Bayer AG and PPG Industries.

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

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The report covers exhaust analysis on:

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

Regional analysis includes:

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

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

Global Waterborne Automotive Coatings Market: Segmentation:

On the basis of product type, the global waterborne automotive coatings market is segmented into

  • Water-soluble paints
  • Water-dispersible paints or colloidal coatings
  • Emulsion/ latex paints
  • Water based alkyds

On the basis of binders, the global waterborne automotive coatings market is segmented into

  • Polyvinyl ethers
  • Polyacrylate
  • Polyurethane resins
  • Epoxy resins
  • Alkyd resins
  • Others

On the basis of end use, the global waterborne automotive coatings market is segmented into

  • Passenger vehicle OEM
  • Commercial vehicle OEM
  • Commercial refinish

Report Highlights:

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

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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Shape Memory Alloy Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2030

The global shape memory alloy market is slated to grow at a tremendous rate over the forecast period, 2020-2030. Shape memory alloys (SMA) are commonplace in several end-use industries including, consumer electronics, biomedical, and aerospace & defense, given their umpteen benefits of shape memory effect, pseudo elasticity, and high damping properties.

While market players continue to capitalize on the biomedical industry, they are uncovering new revenue streams in the automotive industry.

Shape Memory Alloy – Eminent Component in Various Industries

The biomedical sector is slated to be the key revenue generator in the shape memory alloy market, attributable to exceptional computer tomography compatibility and biocompatibility SMAs. Such benefits of shape memory alloys are broadening their adoption in minimal invasive techniques, fracture treatments, treatment of cerebral aneurysms, and orthodontic treatment.

Moving ahead, shape memory alloys are majorly used for wing morphing in planes in the aerospace industry. Greater emphasis on reliability and multi-functionality in the end-use industry is propelling the demand for active materials. Temperature sensitivity of SMAs make them ideal for aerospace use cases.

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Distinctive thermo-mechanical feature of shape memory alloys are enabling their application in civil constructions. These alloys are used for retrofitting of existent deficient bridges. Coupled with sensors, SMAs are used to construct reinforced concrete bridges.

Consumers’ demand for better performance, safety, and safety in automobiles is paving for development of advanced sensors, actuators, and microcontrollers in the automotive sector. Rising preference for shape memory effect over conventional actuators – hydraulic and pneumatic systems – from automotive industry is pushing the sales of shape memory alloys.

Shape Memory Alloy Market – Growth Restraints

While the shape memory alloy market has been making significant strides, high initial costs of these alloys are restricting their adoption. Complex motion control and thermo-mechanical properties of shape memory alloys are limiting their usage to large-scale companies. Further, poor fatigue and low operational speed are among the major challenges for market players.

Impact of COVID-19 Pandemic on Shape Memory Alloy Market

The COVID-19 pandemic is adversely impacting the shape memory alloys market. Demand from various end-use sectors has reduced, hence causing a downfall in sales of shape memory alloys. Reduced traveling amidst pandemic-induced restrictions is leading to lesser maintenance requirement as well declining demand for spare parts.

This is indirectly impacting the sales of shape memory alloys, particularly in the aviation sector.

Construction activities have come to a standstill in several countries, worldwide, due to unavailability of labor and raw materials amid the pandemic. This, in turn, is dampening the demand for shape memory alloys in construction sector.

That said, governments have moved their focus from developing infrastructure to fulfilling basic human needs, which pull up the demand of shape memory alloys from the civil construction companies.

Moreover, the healthcare sector is emerging as a bright spot in the shape memory alloy market amid the pandemic. Case in point, staffs and students of IIT-Indore have developed optical thermal sensor using shape memory alloy. This device is fitted in patient’s fabric and temperature is further monitored without physical contact.

Regional Analysis of Shape Memory Alloy Market

North America continues to hold prominent share in shape memory alloy market.  The biomedical, automotive and aerospace sectors in the developed region account for major chunk of shape memory alloy demand. Further, the International Trade Administration (ITA) suggests that the US is the largest consumer of medical devices.

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Moving forward, Asia Pacific (APAC) is anticipated to offer white spaces of growth to shape memory alloy manufacturers in the coming years. Growth in automotive sector and abundance of raw materials are pushing the demand for shape memory alloys in the region.

While Japan alone produced 8.5 million passenger cars in 2019, China surpassed 21 million mark in car production in the same year. This surging production of vehicles in APAC is attracting huge attention of shape memory alloy manufacturers.

Shape Memory Alloy Market – Competitive Landscape

The key focus of market players is consistent innovation and new product development. For instance, SAES Group has employed around 17% of its manpower specifically for R&D activities.

In addition, players are entering into collaborations to uphold their hegemony in marketplace. NASA’s Glen research institute has partnered with Boeing to incorporate shape memory alloys in deployable vortex generators (VGs). Subsequent developments with shape memory alloys result in smart VGs, which move in case of changes in external environment.

  • Memory-Metalle GmbH
  • TiNi Alloy Co.
  • Ultimate NiTi Technologies Inc.
  • Fort Wayne Metals Inc.
  • Metalwerks PMD Inc.
  • Endosmart GmbH.

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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Aerospace Foams Market poised to be valued at US$ 7.38563 Million by 2032

Foams are an important class of materials that find a variety of applications across a diverse set of industries. The low density, cellular structured materials namely foams are used either for cushioning, as insulating materials, for vibration damping or for packaging applications. The aerospace industry necessitates materials that fulfil the intended function, are lighter in weight at the same time exhibit exceptional strength and resilience. The foams that cater to the demands of aerospace industry are collectively termed as aerospace foams. The most commonly used foams for aerospace applications include polyurethane foam, polyethylene foam, metal foams, and ceramic foams.

Report Attribute Details
Estimated Base Year Value (2021) US$ 3,286.02 Million
Anticipated Market Value (2032) US$ 3,517.64 Million
Projected Forecast Value (2032) US$ 7,385.63 Million
Growth Rate (2022-2032) 7.7% CAGR

Aerospace Foams Market: Drivers & Restraints

Economic growth, especially in the developing regions of the world, coupled with rapid urbanisation is a major factor that is expected to propel the global aircrafts market. This in turn is expected to drive the growth of global aerospace foams market. Moreover, the increasing investments on the part of governments in aircrafts for defence sector is another factor that is expected to drive the growth of global aerospace foams market during the forecast period. The emergence of low cost airlines have led to an increase in passenger traffic, this has resulted in a steady growth of global aircrafts market. This is expected to in turn fuel the growth in demand for aerospace foams during the forecast period.

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Aerospace Foams Market: Region-wise Outlook

On the basis of geographic regions of the globe, global aerospace foams market is segmented into seven major segments. These key market segments are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. The Asia Pacific segment of global aerospace foams market is expected to register fastest growth amongst all region based segments. North America is expected to dominate the global aerospace foams market as regards the share in overall global aerospace foams market.

Aerospace Foams Market: Key Players

Some of the identified major companies that cater to the demands of global aerospace foams market are as follows:

  • Evonik Industries
  • BASF SE
  • Zotefoams Plc
  • Rogers Corporation
  • General Plastics Manufacturing Company

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

The report covers exhaustive analysis on:

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

Request for Table of Contents @ https://www.futuremarketinsights.com/toc/rep-gb-618

Regional analysis includes

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

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

Aerospace Foams Market: Segmentation

Depending on the type of foam used for the intended application, the global aerospace foams market can be segmented in to

  • Polyurethane foam
  • Polyethylene foam
  • Ceramic foam
  • Metal foam
  • Others

On the basis of the area of application, global aerospace foams market can be segmented into following major segments:

  • Commercial Aircrafts
  • Defense Aircrafts

Report Highlights:

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

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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs