Plant-Based Meatballs Market is Anticipated to Rise at 23% CAGR till the Duration of 2030

The plant-based meatballs market is witnessing impressive growth due to the rising demand for alternate meat. As people are getting more inclined towards vegetarian or flexitarian diet, the demand for plant-based meatballs products is sky-rocketing across the global.

According to Future Market Insights (FMI), the global plant-based meatballs market is expected to rise at 23% CAGR during the forecast period from the year 2020 to 2030.

As an increasing number of people are moving away from meat to plant-based alternatives to live a cleaner and healthier life, plant-based meatballs market is experiencing surge in demand across the globe. Furthermore, the health-risks associated with various kind of meats such as red meat, and others are encouraging more consumers opting for plant-based meatballs products.

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With the growing concern regarding animal life and welfare, more people are choosing to become vegan resulting in further increase in plant-based meatballs products Despite facing decline in market growth due to COVID-19 pandemic, the global plant-based meatballs market is expected to recover its growth rate by the beginning of 2021 creating ample of opportunities for the market players.

FMI offers an exhaustive overview of the global market, along with its various growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

Plant-based chicken is expected to lead the global market among all other plant-based meatball products throughout the forecast period Soya-based protein sources are expected to gain traction all over the world in the coming years Food service sectors are anticipated to remain as the most efficient distribution channels Europe is expected to lead the global market in the coming years followed by North America Increasing concern for healthy, vegan lifestyle among the consumers is expected to boost the market growth in the near future

“Rising demand for plant-based meat alternatives has been aiding overall growth of the market. With some of the leading brands introducing plant-based meat balls in their menu to cater to health-conscious consumers, the market is expected to witness a flurry of launches in the coming years” says an FMI analyst.

COVID-19 Impact Analysis

The recent outbreak of novel coronavirus has affected the market growth due to several factors such as non-operational manufacturing units during the lock down period, unavailability of sufficient manpower, scarcity of raw materials, financial crisis, job recession, and others.

In the other hand, COVID-19 pandemic has made people more concerned about their health resulting in higher demand for the plant-based protein supply.

Despite facing a few constraints due to the pandemic, the global plant-based meatballs market is expected to grow further in the coming years.

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Who is Winning

In order to capitalize on opportunities prevalent in the global plant-based meatballs market, the key market players such as Beyond Meat, Kellogg’s, Sysco Foodie, Hydrosol, Gardein, Ikea, Zhenmeat, and others are focusing on launching wide varieties of products launching to target broad range of customers.

Beyond Meat has released their extensive range of plant-based meatball products such as pre-formed and ready-to-cook BEYOND MEATBALLS™, BEYOND BREAKFAST SAUSAGE®, COOKOUT CLASSIC™, BEYOND BURGER®, and others.

Sysco Foodie has launched their Sysco Cutting Edge Solutions Products in February 2020, in order to provide several categories of plant-based meat balls products such as Tyson Boneless Thigh Wings, Sysco Classic Fully Cooked Chicken Skewers, Sysco Classic Sous Vide Sirloin Steak, and others. Zhenmeat has launched their diverse range of plant-based meatballs products such as beef patty, steak, pork loin, crayfish and dumplings, and others.

Recently Subway has announced their exciting partnership like exclusive Halo Top Creamery® hand-spun milkshakes and fresh-baked King’s Hawaiian® bread.

As the global plant-based meatballs market is expanding steadily, the competition is expected to become tougher in the near future.

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 8 years.

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DevSecOps Market is totalling a valuation of US$ 22,077.4 Mn by 2032

As per Future Market Insights’ latest industry analysis, the global DevSecOps market is estimated to be valued at US$ 4,373.4 Mn in 2022. Moreover, with rising adoption of DevSecOps software and services across numerous industries, the overall market is anticipated to exhibit a CAGR of 17.6% during the forecast period, totalling US$ 22,077.4 Mn by the end of 2032.

DevSecOps is a set of principles and practices which integrate the functioning of the development team and operations team regarding a software project. It is an addition to the DevOps software development method, the purpose of this method is to deliver secure applications and software with the proper security measures applied during the software development phase, from its initiation.

DevOps has three different facets, continuous integration which deals with the continuous development of programs, updates, changes, models etc. and when they are regularly tested and merged with a repository, it is called continuous delivery and deploying it to the end user is called continuous deployment.

Rising need for faster and highly secure application delivery along with growing internet penetration is expected to provide a strong thrust to the global DevSecOps market during the forecast period.

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Similarly, surge in cybercrimes and growing adoption of cloud-based services will push the demand for DevSecOps software and services during the forthcoming years.

Key Takeaways: DevSecOps Market

  • By solution, the software segment held the largest market share with a total valuation of US$ 3,753.7 Mn in 2021. However, the services segment will exhibit the highest CAGR of 21.1% for the forecast period 2022-2032.
  • By enterprise size, the large enterprises segment dominated the global DevSecOps market with a share of 55% in 2021. However, small and medium-sized enterprises segment is estimated to grow at the fastest CAGR of 18.5% during the assessment period.
  • By industry, the IT & telecom segment holds the largest market share while the healthcare industry will exhibit the highest CAGR of 19.1% through 2032.
  • North America dominates the global DevSecOps market with a market share of 30.1% in 2021.
  • The DevSecOps market in South Asia and Pacific is poised to exhibit a CAGR of 22.8% between 2022 and 2032.
  • Demand for DevSecOps across India is anticipated to grow at a prolific CAGR during the assessment period.

According to FMI Analyst, “Instead of seeing DevSecOps as an integration between the development, security and operations team, one, should see it as a whole unit which consists of professionals who have their different fields of expertise and are collaborating together to deliver the product. Due to this collaboration, several internal practices like communication and transparency in the content being developed and deployed can benefit the organizations and make it one of the most implemented software development methods.”

Delivering End-Product at a Faster Speed Along With the Integration of In-built Security Driving DevSecOps Market

Development of software systems and applications using DevSecOps methods implements various features like microservices and automation. There is also a continuous process of developing programs and updates which are stored into a central repository.

Involvement of the security team also helps in the rapid identification of bugs and security threats to act upon. Due to this the end product is received at a faster rate, incentivising the end-users to rely more on DevSecOps development methods.

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More Valuable Insights on DevSecOps Market

In this report by Future Market Insights, DevSecOps market has been segmented into four sections: by solution: software (on-premises, and cloud), and services (professional services, and managed services), enterprise size (large enterprises, and small and medium-sized enterprises (SMEs)), industry (BFSI, IT and telecom, government, retail, manufacturing energy and utilities, healthcare and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and evaluate lucrative opportunities in the DevSecOps demand outlook.

About Electronics, Semiconductor and ICT Division at Future Market Insights

Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Software Innovation / Development Trends

4. DevSecOps – Pricing Analysis

4.1. Pricing Analysis, By Solution

4.2. Regional Average Pricing Analysis Benchmark

5. Global DevSecOps Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

5.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

5.2.1. Y-o-Y Growth Trend Analysis

5.2.2. Absolute $ Opportunity Analysis

Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

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Plant-based Nuggets Market – Global Industry Overview by Size, PEST Analysis, Future Scope, Development up to 2030

Future Market Insights (FMI) in a new study has predicted the consumption of plant based nuggets to surge in the forthcoming years. Rising focus on health and wellness among consumers is underpinning growth in the market. Market players are looking to capitalizing on this opportunity by mimicking the taste and nutritional profile of meat-based products.

However, production cost of plant-based nuggets is comparatively higher, which results in their high price. This could hamper the overall expansion of the market to an extent. Nonetheless, launch of their products in diverse textures and nuggets has been paving way for growth. Especially with focus on animal cruelty surging, FMI foresees positive growth on cards for the market.

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Key Takeaways from the Plant Based Nuggets Market Report The plant based nuggets industry is projected to grow at a CAGR of 26% during the forecast period of 2020-2030 Plant based chicken nuggets will remain under spotlight as best-selling product The EU Commission’s support for plant based meat products will help Europe continue to dominate the market Sales via HoReCa will continue to surge through the forecast period Surging adoption of vegetarian and flexitarian diet will open growth prospects for the market in South Asia

“Behemoths in the food chain business are taking cue from changing consumer preference and altering their menus accordingly. Plant-based nuggets are making increasing appearances across menus of some of the leading names in HoReCa business. This is expected to bode well for the market in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has had a huge effect on people’s lifestyle, reshaping their food preferences. Increasing awareness about the body and immune system has encouraged people to shift to a healthy diet. Rising caution regarding animal borne diseases has compelled consumers to adopt vegan lifestyles. This had caused manufacturers to include plant based meat products in their menus and stores.

The pandemic disrupted market sales but is expected to bounce back with the reopening of several hotel chains. The inclusion of plant based products is expected to attract customers looking for healthier options, ensuring a growth in market.

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Who is Winning?

Leading manufacturers are now partnering with companies to introduce plant based meat products in their outlets. Giant manufacturers like Burger King have partnered with plant based meat manufacturers such as Vegetarian Butcher, to include plant based chicken nuggets in their menu.

In 2020, KFC teamed up with Beyond Meat to introduce plant based chicken nuggets in almost 100 stores in the United States. The success of plant based meat products has encouraged companies to invest in the market.

Manufacturers are focusing to develop ingredients that have zero gluten and are allergen free to create products that can be consumed by all. The leading players in the market are Burger King, KFC, McDonald’s Corporation, Alpha Foods, Urban Platter, Nestlé S.A., Heura Foods, The Vegetarian Butcher and Tyson Foods Inc. among others.

Valuable Insights into the Plant-Based Nuggets Market

Future Market Insights in a recent report has conducted a complete industry analysis of the years 2013-2019 with assessments for the forecast period of 2020-2030. The market is divided into various segments in order to give a detailed analysis.

Based on the product type, the market is divided into plant-based chicken, plant-based beef and plant-based pork. On the basis of the source, the market is segmented into soy-based protein, wheat-based protein, pea-based protein, canola-based protein, fava-bean based protein, potato-based protein, rice-based protein, lentil-based  protein, flax-based protein, chia-based protein and corn-based protein. The market is also segregated based on the distribution channel into retail (hypermarkets/supermarkets, convenience stores or specialty food stores), online retail and HoReCa (Food Service Sector). Lastly, the market is divided based on the region into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.

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 8 years.

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Sodium Reduction Ingredients Market Share with Updated Statistics, Strategy Overview & Opportunity Map Analysis-2032

The global sodium stearoyl lactylates market size is expected to develop at a CAGR of 7.1% from 2022 to 2032. The market is projected to reach a valuation of approximately US$ 498.7 Mn by 2032. The global sodium stearoyl lactylates market is anticipated to be valued at US$ 309.3 Mn in 2022.

With radical improvements in the global economy, there has been a significant surge in the per capita disposable income of consumers across the globe. Growing trends of globalization and urbanization in the majority of countries worldwide and increasing awareness regarding the availability of a wide variety of new flavors for food & beverages are expected to boost the global sodium stearoyl lactylate market in the forecast period.

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High demand for ready-to-eat food products and increasing popularity of the dine-out trend in various parts of the globe, especially among the millennial population, are anticipated to augur well for the sodium stearoyl lactylates market in the evaluation period. With rapid growth of the food & beverages sector, especially the bakery & confectionery and processed food industries, the demand for sodium stearoyl lactylate is likely to grow at a fast pace in the upcoming decade.

Key Takeaways from Sodium Stearoyl Lactylate Market Study

  • By nature, the natural segment is set to witness a prominent CAGR of 7.4% from 2022 to 2032 to reach a valuation of US$ 498.7 Mn in 2032.
  • Based on end use, revenue of the bakery & confectionery segment is expected to grow by 7.1% during the forthcoming period of 2022-2032.
  • By form type, the fine powder segment exhibited a considerable growth rate of nearly 6.8% between 2020 and 2021.
  • The global sodium stearoyl lactylate market exhibited steady growth at a CAGR of 5.6% in the historical period (2017-2021).
  • The U.S. sodium stearoyl lactylate market is projected to grow at a CAGR of around 6.1% over the next ten years.

“Growing use of sodium stearoyl lactylates in processed foods is one of the key factors driving the global market forward. Additionally, rising foreign direct investments and introduction of contemporary retail formats are some of the other factors driving the processed food industry, which would propel the sodium stearoyl lactylate market in the evaluation period,” says a Future Market Insights analyst.

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East Asia to Remain at the Forefront in the Sodium Stearoyl Lactylate Industry

In East Asia, expansion of the local food and beverage industry is mainly attributed to increasing production of new food ingredients across China and other emerging economies. It has also driven the demand for sodium stearoyl lactylate in China. Thus, the sodium stearoyl lactylate market in China is projected to expand at a moderate rate in the evaluation period.

The food and beverage industry in North America is expected to grow at a steady pace owing to the high consumer spending in dining out. The Europe food and beverage industry, on the other hand, is a crucial contributor to the region’s economy, and therefore the demand for sodium stearoyl lactylate is set to surge at a rapid pace in the region. The MEA sodium stearoyl lactylate market is estimated to grow at a significant rate on the back of increasing demand for ready-to-eat food items among the youth population.

Competitive Landscape: Sodium Stearoyl Lactylate Market

According to FMI’s new report, Merck KGaA, Tate & Lyle Plc., Kowa Europe GmbH, Zhejiang Synose Tech co., Niacet, Savannah Surfactants, Parchem Fine & Specialty Chemicals, Ivanhoe Industries, DuPont, Lubrizol, Musashino Chemical Laboratory Ltd., Cargill Inc., BASF, Kerry Ingredients & Flavors, and DSM Nutritional Products among others are some of the key sodium stearoyl lactylate brands.

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Explore More Valuable Insights on Sodium Stearoyl Lactylate Market

Future Market Insights, in its new report, offers an impartial analysis of the global sodium stearoyl lactylates market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032. The study offers compelling insights based on the nature (natural, synthetic), form type (fine powder, hydrate), formulation type (oil in water, water in oil, water in silicone), end use (dairy products, food & beverage industry, meat & poultry, alcoholic beverages, bakery & confectionery, convenience products, cosmetics & personal care products, plastic industry, pet food) across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

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

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

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Advanced Distribution Management Systems Market to reach a valuation of US$ 12,102.0 Million by 2029

The Advanced Distribution Management Systems Market is predicted to reach US$ 12,102.0 Mn by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster.

These systems supply situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly switching network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.

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Key Takeaways of Advanced Distribution Management Systems Market Study

  • The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
  • Among all the applications, fault location and isolation & service restoration is estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
  • Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost effectiveness.

Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth

The world is witnessing an increase in transmission, generation, and distribution of energy. With growth in the energy sector, the demand for electricity is increasing at a rapid pace. In 2021, the global demand for electricity increased by 4% to more than 23,000 TWh.

Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.

Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Bn in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.

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Advanced Distribution Management Systems Outlook By CategoryBy Solution :

  • ADMS Platforms
  • Services
    • Support &Maintenance Services
    • Consulting
    • Integration & Implementation

 By Application :

  • Supervisory Control & Data Acquisition
  • Distribution Management Systems
  • Outage Management Systems
  • Distributed Energy Resource Management Systems
  • Geospatial Information Systems
  • Fault Location and Isolation & Service Restoration

 By Industry :

  • Transportation & logistics
  • Energy & Utilities
  • Oil & Gas
  • Manufacturing
  • Others

 By Region :

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

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Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

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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Yellow Fats Market share with Sales Footprint, Updated Statistics with Opportunity Map Analysis-2032

The global yellow fats market size is expected to exhibit growth at a CAGR of 4.2% from 2022 to 2032. It is projected to reach a valuation of approximately US$ 42.7 Bn by 2032. As per FMI, the global yellow fats market is anticipated to reach a valuation of US$ 28.3 Bn by the end of 2022.

There is a lot of evidence suggesting the sensory properties of food, particularly taste and flavor, have a highly specific influence on the dietary choices of consumers. Sensory qualities may be viewed as a crucial area in which food makers can differentiate their products in numerous ways.

Availability of a wide variety of food items has never been easier than it is today. Customers are usually provided with product information as they go around their local grocery shops, which is further encouraging them to try out numerous brands. In-store sampling is gaining widespread popularity and it is helping key players to promote new items or to offer other methods of preparation and use.

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A renowned U.K.-based supermarket now allows customers to ‘taste before they buy,’ and will open practically any ready-to-eat food on demand. Customers are always tempted by eye-catching packaging and get attracted towards promises of smoother, crunchier, & tastier items. They can decide whether or not they enjoy the cuisine once they have consumed it and experienced its sensory features (consciously or unconsciously). Sensory features of food (its look, scent, taste, and texture) will impact their buying decision to varying degrees. If food manufacturers can improve a product’s perceived sensory qualities, it will assist in boosting its perceived value among customers.

Key Takeaways from Yellow Fats Market Study

  • On the basis of product type, butter is predicted to account for the majority of the global yellow fats market share in 2022.
  • The Europe yellow fats market is predicted to lead with a share of more than 34% during the evaluation period.
  • Top 3 countries in the global yellow fats market are anticipated to generate a share of about 32.2% in the assessment period.
  • During the historical period of 2017 to 2021, the global yellow fats market grew at a CAGR of 3.6%.
  • By end-use application, the food & beverage industry segment is expected to dominate the global yellow fats market in 2032 by accounting for the lion’s share.

“Manufacturers worldwide have acquired high-quality technological know-how, extensive geographic reach with localized teams, expanded their service portfolios, and boosted their industry experience. These assets have enabled them to rapidly broaden into a genuinely global supplier with end-to-end capabilities and a reputation for high-quality service delivery. Such strategies are projected to drive the global yellow fats market in the next decade,” says a Future Market Insights analyst.

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Competitive Landscape: Yellow Fats Market

Major players operating in the global yellow fats market are investing huge sums in new product development. They are also focusing on the rising popularity of packaging trends by creating attractive packaging for their in-house products to expand their consumer base.

Meanwhile, some of the other companies are attempting to enhance and develop new state-of-the-art packaging techniques in order to distinguish their products on retail shelves. To enhance consumer convenience, they are on a mission to provide simple and easy-to-use wrapping for their yellow fat-based spreads. To provide customers with simple, adaptable, and flexible packaging options, manufacturers are using a wide variety of packaging types such as jars, cans, squeeze pouches, and spout tubes.

Furthermore, producers are implementing packaging methods that allow them to increase the shelf life of the spreads even in harsh environments and through extended distribution networks. In order to encourage sustainability, they are also adopting well-designed packaging to offer innovative solutions to decrease food waste.

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Explore More Valuable Insights on Yellow Fats Market

Future Market Insights, in its new report, offers an impartial analysis of the global yellow fats market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032. The study offers compelling insights based on the product type (butter and margarines/spreads) and end-use application (food & beverage industry, cosmetics & personal care industry, food service, and household/retail) across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

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

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

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Geofencing Market is US$ 9,596.6 Million in 2032 -FMI

The use of Geofencing market is predicted to increase at a CAGR of 17.8% throughout the projection period. The geofencing market is expected to increase, rising from US$ 1,867.2 Mn in 2022 to US$ 9,596.6 Mn in 2032.

The geofencing market share is primarily driven by smartphone usage and demand for geofencing is expanding as it helps with real-time monitoring, which is important for data analysis. Additionally, geofencing uses GPS and RHD technology to deliver reliable data. Additionally, the growing use of analytical and geographical tools is accelerating the expansion of the geofencing market.

FMI anticipates that the demand for geofencing throughout the projected period is anticipated to be fueled by the technology’s numerous applications for a number of goals. Geofencing is also becoming more popular as it helps businesses interact with their customers, draw in more foot traffic, and foster stronger customer loyalty. Companies may stay in the spotlight and demonstrate a keen understanding of their consumers’ needs by personalizing and adapting their offers based on customer data.

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However, one of the key constraints identified for the geofencing market is the high cost of geofencing devices. It also has some restrictions in terms of radius coverage and rigorous maintenance, limiting the use of geofencing. Furthermore, installation costs may severely restrict the growth of the geofencing market throughout the projection period. The geofencing market is expected to expand since it enables businesses to target specific customers by personalizing and disseminating notifications and adverts in real-time.

Key Takeaways from Geofencing Market Study

  • With a share of 41.0%, the hardware segment dominates the geofencing market by solution.
  • Due to the broad use of these solutions by sectors including transportation and logistics, retail, automotive, and government, the hardware segment dominated the geofencing market in 2021.
  • According to technology, active geofencing holds a 57.8% share of the geofencing market. The versatility and usefulness of active geofencing have improved.
  • The transportation and logistics industry is anticipated to have the largest market share of 24.2% throughout the forecast period. When it comes to the implementation of geofencing market solutions, the transportation and logistics segment is one of the most important industries.
  • North America is expected to occupy 35.2% of the market during the projected period. The majority of stable and established economies in North America spend extensively in R&D, promoting the development of new technology.
  • The Europe region is also predicted to see exceptional growth. The key players and research and development initiatives are projected to generate more profit in the coming years.
  • In 2021, India held a 10.5% share of the Asia Pacific geofencing market.
  • In 2021, China held a 12.3% share of the Asia Pacific geofencing market.
  • During the projected period, the South Asia and Pacific region is expected to grow at a CAGR of 22.5% between 2022 and 2032.

“The various applications of geofencing and technologies for a variety of goals are expected to promote geofencing adoption throughout the projection period. However,  the high cost of geofencing devices is projected to hamper the market growth.” –FMI Analyst

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Competitive Landscape

Companies in the geofencing market are working to increase the accuracy and integration functionality of their solutions while also extending their capabilities. These firms are creating solutions for a wide range of client segments for promotion, asset tracking, workforce management, and fleet monitoring applications through aggressive promotion and marketing techniques.

Major firms with great brand recognition, successful competitive strategies, and distribution dominance include IBM, Microsoft, Google, and Samsung. Overall, the geofencing market players are highly competitive.

Google, Apple, Bluedot Innovation, Thumbvista, Esri, Embitel, Simplifi.fi, Gimbal, Mapcite, UpSnap, Placecast, Swirl Networks, GeoMoby, Localytics, Urban Airship, Pulsate, PlotProjects, Radar Labs, and DreamOrbit are a few companies in the geofencing business.

Latest Developments in the Geofencing Market:

  • August 2022 – DJI received the world’s first C1 EU-type drone evaluation certificate under the European Drone Regulation. This has helped them build a trustworthy brand image and attract new clients for the organization.
  • March 2022 – Using the Samsung Knox platform, Samsung and Telus successfully introduced Canada’s first next-generation Mission Critical Push-to-X (MCPTX) services, which provide information and data as well as important operational features such as geofencing and video to keep the public safe.
  • In March 2022, Microsoft Firm finalized its acquisition of Nuance Communications, Inc., a US-based corporation, for a total purchase price of USD 18.8 billion, mostly in cash. Nuance is an artificial intelligence software firm with experience in healthcare and enterprise AI, and the acquisition is most likely help the company to expand.

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Key Segments Covered in the Geofencing Market Report

By Solution:

  • Hardware
  • Software
  • Services

By Technology:

  • Active Geofencing
  • Passive Geofencing

By Industry:

  • Transportation and logistics
  • Retail
  • Healthcare and life sciences
  • Industrial manufacturing
  • Media and entertainment
  • Government and defense
  • Banking, Financial Services, and Insurance (BFSI)
  • Others (agriculture, education, construction and engineering, and energy and utilities)

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

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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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Greek Yogurt Market Updated Statistics with Relevance & Impact and Summary of Key Findings by 2032

The worldwide greek yogurt market is supposed to arrive at a market size of US$ 7,345 million out of 2022 and is projected to ascend at a CAGR of 6.9% to arrive at US$ 14354.48013 million by 2032. Prior, from 2017 and 2021, this market extended at a CAGR of 6.2%.

The end product, Greek yogurt, is rich in protein and calcium, which helps develop muscles and prevents excessive loss of muscle mass. Greek yogurt also contains probiotics which help in the improvement of digestive health. Key players operating in the global greek yogurt market are launching new products with several flavors such as blueberry, strawberry, vanilla, and more, to attract consumers towards the consumption of their products.

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The growing popularity among consumers regarding the health benefits that can be reaped from consuming greek yogurt is a strong force driving the market’s growth years before now and is expected to continue during the forecast period.

Furthermore, burgeoning cases of weight-related diseases such as diabetes and obesity have further created a surge in demand for greek yogurt in the market. The global greek yogurt market is expected to register a double-digit CAGR during the forecast period.

Greek Yogurt Market Growth Driver and Opportunity

The growing population size of health-conscious consumers across the globe is driving the global greek yogurt market’s growth. Health benefits such as maintaining blood sugar level, obesity prevention, developing muscles, and improving bone density are reaped by consumers when they consume greek yogurt.

Consumers spend more on the market with varieties of products from which they can choose. Manufacturers in the greek yogurt market focus on these consumers’ sentiment by introducing various flavors to attract consumers to purchase their products, which will improve sales and drive the growth of greek yogurt globally.

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Moreover, the availability of greek yogurt at various retail centers is expected to foster the rise in demand for greek yogurt in the global market. Consumers find it convenient to visit stores to purchase food products like greek yogurt. The increase in smartphone and internet penetration is expected to fuel the industry’s growth as greek yogurt can be bought online.

The online segment of the distribution channel will be the fastest-growing segment with a CAGR of 12.3% by 2026. Due to the convenience offered by e-commerce and consumers’ busy lifestyles, the online segment is slated to fuel the global greek market’s growth.

Greek Yogurt Market Restraint

Global greek yogurt market is not without its challenges. Significant factors such as the growing population of lactose intolerance patients and the production of a new variety of frozen yogurt made from milk are expected to restrain the market’s growth globally.

Greek Market: Region-wise Analysis

Geographically, Europe is the largest market for greek yogurt after accounting for the highest market revenue in 2019. The region is anticipated to remain in dominance during the forecast period due to the growing awareness regarding the health benefits reaped from the consumption of greek yogurt.

The Asia Pacific market is slated to grow tremendously during the forecast period as the population size of consumers in the region is on the rise. Besides, consumers’ changing lifestyle is another factor expected to fuel the region’s growth during the forecast period.

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Greek Yogurt Market: Competitive Landscape

The global greek yogurt market is fragmented and highly competitive. Major players operating in the industry are focusing on innovative products with variety of flavors to woo consumers to the global market. Prominent players in the market include;

  • Chobani LLC
  • Stonyfield Farm Inc
  • FAGE International S.A.
  • GROUPE DANONE
  • General Mills, Inc.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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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Pet Treat Market Trends, In-depth Research Report Along with Top Manufactures-2022-2032

The global pet treat market is set to witness growth at a CAGR of 5.7% over the forecast period and top a valuation of US$ 122.1 Bn by 2032. Pet treat are a type of dietary supplements given to dogs and cats for snacking. As pets get bored quickly and very easily, to keep them engaged, active, and entertained, pet owners choose to treat them with pet treats.

Pet owners nowadays have become more cautious than before about what their pets are eating. Hence, they are becoming more aware of the ingredients used in pet treats. In response to this, manufacturers are launching organic pet treats in the market.

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Furthermore, using graphics on the packaging may be lucrative to show pet food ingredients present in the pet treat item as well as the ingredients that are not present in them. Thus, providing nutritional information for pet treat on the product may improve sales.

 “Increasing demand for organic ingredients in pet treats, along with high preference for chewable and vegetarian pet treats for puppies and kittens is expected to fuel sales in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • Demand for pet treats grew at a 5.1% CAGR between 2017 and 2021.
  • Sales of pet treats for puppies are expected to gain traction at a considerable pace.
  • The U.S. will dominate the North America pet treats market over the assessment period owing to high demand for organic pet treats.
  • Rising pet adoption in Germany will place it as a lucrative pocket in the Europe pet treat market.
  • Growing emphasis on multi-protein diets for pets will drive the New Zealand pet treats market.

Competitive Landscape

Purina PetCare (Nestle), Pedigree® (Mars, Incorporated), Hill’s Pet Nutrition, Inc. (Colgate Palmolive Company), Diamond Naturals (Schell & Kampeter, Inc.), and The J.M. Smucker Company are some of the leading pet treat manufacturers.

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Key pet treat brands are investing in strategic partnerships, while other brands are focusing on developing a wide range of organic and meat-free pet treats. For instance:

  • In 2020, the US-based pet food and treat company Scout & Zoe’s announced to launch its new product line, named as Super Fly for dogs, which includes a whole-larvae treat and it is their first insect-based product, which is a dry larvae and powdered meal topper, and the jerky treat is based on some dried black soldier fly larvae.

Explore More Valuable Insights

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

The study offers compelling insights based on pet type (dog, cat, and others), pet life-stage (adult, kitten/ puppy, and others), product type (granules & flakes, chunks & nuggets, sticks & wafers, kibbles & pellets, shredded & sliced, and others), packaging type (raw, powdered, dry & dehydrated, liquid & gravy, canned, frozen & freeze-dried, and others), flavor (unflavoured and flavoured), and sales channel (hypermarkets /supermarkets, convenience stores, discount stores, online retail, and others retail formats), across seven major regions of the world.

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About Food & Beverage Division at Future Market Insights

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

About FMI

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

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Indigo Carmine Market Gross Margin Analysis with Top Manufactures, Key Factors Analysis-2022-2032

As per Future Market Insights, the global indigo carmine market is projected to reach a valuation of US$ 46.9 Mn in 2022 and is further expected to grow at 4.8% between 2022 and 2032, totalling around US$ 77.4 Mn by the end of 2032. Rising usage of indigo carmine as a colouring agent or additive in food and beverage industry is a key factor driving demand for indigo carmine in the global market

Indigo carmine has become one of the most commonly used synthetic food colouring additive across food processing industries worldwide. It is frequently used in filling fruits and baked goods to give shades of blue, purple, and indigo. Indigo carmine exhibited a sale of about 3155 metric tons in 2021 and the market assessment suggests that the demand for this food colouring agent is expected to be at approximately 5100 metric tons by 2032.

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Rising disposable income in regions such as the Latin America, the Middle East, Asia Pacific, and Africa has made it easier for customers to consume more ready-to-eat packaged food products, which in turn is fuelling the usage of synthetic food colorants like indigo carmine.

Similarly, growing demand for exotic dressings on ice creams and fancy-looking food dishes is expected to push indigo carmine sales during the forecast period.

However, competition from natural food colorants, potential allergies, side-effects, and misperceptions about synthetic colorants will restrain growth in the global indigo carmine market.

Key Takeaways from Market Study

  • By application, beverages segment accounts for the largest share of 24.7% of the global indigo carmine market while as
  • North America indigo carmine market is expected to register a 5.2% CAGR between 2022 and 2032.
  • Indigo carmine consumption in South America accounted for US$ 7.8 Mn by value and 520 metric tonnes by volume in 2021.
  • Demand for Indigo carmine food colors in India is expected to grow at 3.9% CAGR between 2022 and 2032.
  • Indigo carmine market in China is anticipated to register a 4.2% CAGR during the forecast period (2022-2032).

“Manufacturers of indigo carmine food colorants would profit by targeting the sub-segments like beverages and coatings. Exploring developing economies and establishing strategic alliances with global food brands while simultaneously working on making indigo carmine colorants more miscible would help indigo carmine brands,” says a Future Market Insights analyst.

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Competitive Landscape

Leading indigo carmine manufacturers are continuously focused on enhancing the miscibility of indigo carmine to attract end-users. Besides this, they are adopting strategies such as partnerships, mergers, acquisitions etc. to gain a competitive edge in the global indigo carmine market.

Some of the prominent players identified in the global Indigo Carmine market include

  • Chinasun Specialty Products Co. Ltd
  • Sensient Colors LLC
  • Dynamic Products Ltd.
  • Sigma-Aldrich Co. LLC.
  • Kelco Chemicals Co. Ltd.
  • Tianjin Baishi Chemical Co. Ltd.
  • Asim Products
  • Sunfoodtech
  • Beijing Hengye Zhongyuan Chemical Co. Ltd.
  • GNT International B.V.
  • GFS Chemicals Inc
  • Shanghai Dyestuffs Research Institute Co. Ltd.
  • TNC Chemicals Philippines Incorporated among others.

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About Food & Beverage Division at Future Market Insights

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

About FMI

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

Contact Us:
Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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For Sales Queries: sales@futuremarketinsights.com
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