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A new market research report by Future Market Insights on the textile flooring market includes global industry analysis for 2018–2021 and opportunity assessment for 2022–2029. The report inspects the textile flooring market and provides insightful information for the forecast period of 2022-2029.

As per the conclusion of the report, the global textile flooring market is projected to experience significant growth during the forecast period. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are the factors expected to contribute towards the textile flooring market growth in the upcoming years.

The global textile flooring market is estimated to be valued at US$ 190.26 Bn in 2022, and is projected to register robust growth of 6.8% during the period 2022 – 2029. This growth is predominantly driven by the textile industry growth.

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Over the past few years, consumption of textiles and furnishings for homes has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.

The study finds that the rapid development in the residential sector across the globe are expected to surge demand for textile flooring for numerous applications in these sectors. Briefly, the global textile flooring market will continue to grow at a CAGR of 6.8% during 2022-2029.

Rising Attractiveness of the Asia Pacific Market

The textile industry in the Asia Pacific region has registered substantial growth in the last few years, owing to rising demand from various end-use industries. Strict quality control, advanced production technologies, and customer & fashion-oriented marketing tactics are several dynamic factors attributing to the current boom in the textile flooring market.

Along with this, competitive price performance ratio compared to other materials is also boosting the market growth. Robust growth in the healthcare sector has led to demand for flooring systems for specific application types. Moreover, increasing popularity of ‘artificial grass’ in outdoor lawns and sports fields is expected to further drive sales of textile flooring in the Asia Pacific region during the forecast period.

Textile Flooring Market: Vendor Insights

The report highlights some of the key market leaders, who are well-established market players and have proven themselves as the prominent shareholders in the global textile flooring market.

Some examples of key players operating in the global textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balts Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG, among others.

In terms of market structure and tier analysis, the global market for textile floorings is fragmented with the top 10 players holding a 35%-40% share in the overall market. This is mainly due to the reason that there are a large number of Chinese and other players involved in the manufacturing of textile floorings. Major players in the market are focusing on expansion plans to enhance production capacities and upgrade operations.

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Textile Flooring Market By Category

By Material Type :

• Synthetic Textiles
  • Polypropylene
  • PET
  • Acrylic
  • Nylon
• Animal Textiles
  • Wool
  • Fur
• Plant Textiles
  • Grass
  • Sisal

By Product Type :

• Rugs
• Carpets

By Technology :

• Tufting
• Woven
• Needlefelt

By Application :

• Residential
• Commercial
• Others (Industrial, etc.)

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Synthetic Textiles to Experience High Demand in the Market

A healthy growth trajectory is projected for the textile flooring market. In addition, rising use of synthetic textiles in residential sector is likely to result in increased market share over the forecast period.

• Synthetic textiles are widely utilized for the production of textile flooring. Synthetic textiles are projected to register significant growth in the global textile flooring market during the forecast period. Synthetic textile-based flooring is one of the key components of interior refurbishment systems used in residential and commercial spaces.
• Growth of textile flooring based on tufting technology is mainly attributed to the fact that it is the most commonly accepted technology by manufacturers in terms of manufacturing cost, as well as easy installation and ease of use by consumers.

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 7-years.

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The global liquid sugar market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around USD 130.3 Mn by 2032 while it is valued at USD 65.9 Mn in 2022.

Sugar is essential in creating a flavorful and tasty dish. Its consumption, however, can contribute to weight gain, obesity, diabetes, and cholesterol issues. To deal with this, liquid sugar is used to lower the sweetness of the food while also imparting a distinct flavor, increasing the sales of liquid sugar.

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The demand for liquid sugar is being fueled by an increase in the desire for mild sugars. When compared to liquid sugar, the manufacturing procedure for conventional sugar is more complicated. Another factor for the growth of the liquid sugar business is this. In addition, an increase in the number of hotels, restaurants, and cafés is assisting in its expansion. In addition, liquid sugar requires less filtering and pasteurization. In addition, liquid sugar is employed in cosmetics for a variety of reasons.

Liquid sugar also helps to avoid ice crystal formation in frozen desserts and control sugar crystallisation in sweets, making it increasingly popular in the bakery industry. Consistent quality and specification-oriented quality are two more factors increasing demand for liquid sugar over crystal sugar, great microbiological stability, no investment in equipment for dissolving, filtration, or pasteurization of liquid sugar, and minimal sugar loss.

Furthermore, customer preferences are evolving toward a greater variety of flavors in food goods, as well as a demand for low-calorie, high-fiber options. Major firms are also working on launching innovative products with the least amount of sugar, partnership, merger activity, and acquisitions to extend their global reach, fueling the demand for liquid sugar globally.

Key Takeaways from Market Study

• The market is segmented based on source, wherein sugarcane is anticipated to account for around 56.7% of the market share over the forecast period, increasing the sales of liquid sugar in the global market.
• The North American liquid sugar market is expected to witness a lucrative growth rate of 5.6% during the forecast period.
• East Asia is inferred to account for 19.2% of the global liquid sugar consumption through 2032.

• Liquid sugar application in the food industry is expected to hold a liquid sugar market share of over 23.5% in the forecast period

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“Key manufacturers are coming up with new products to their portfolios so that consumers can become more familiar with them. For the expansion of their firms, they are choosing solid strategies. They are concentrating on product branding and positioning. To expand their global influence, they are leveraging consumer pleasure as a viable way. These are the variables that are propelling the liquid sugar market forward.” says a Future Market Insights analyst.

Competitive Landscape

Market participants are always pursuing joint ventures, mergers and acquisitions, and other strategic efforts. Major corporations in fast-growing regions such as East Asia and South Asia are also striving to broaden their product lines to get a competitive advantage over their rivals.

Furthermore, a confectionery and bakery shortfall caused by a major demand-supply mismatch is projected to stifle market growth. However, a range of challenges and health issues associated with its use have limited the market for liquid sugar.

• Nord Zucker AG has introduced its liquid solutions based on pure saccharose and water that have applications in the food industry such as drinks, marmalades, cordials, pickle, jams and preserves. This fuels the demand for liquid sugar in new markets.
• Cargill Incorporated and its liquid sucrose solution with an application range of soft drinks, processed foods, confectionery and baking, increasing the sales of liquid sugar globally.

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 Explore More Valuable Insights

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

The study offers compelling insights based on liquid sugar market source (sugar cane and beet), nature (organic and conventional), application (confectionery, bakery, processed food, frozen desserts, dairy products, and others) & Region 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 fulfil the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports about 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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Bambara Beans Market is predicted to be raise at US$134 million in 2022, which will increase at a CAGR of 7.2% to reach US$267.6 million from 2022 to 2032. The market was valued at $127 million in 2021 and is expected to grow year-on-year by 5.5% to $134 million.

Recognized as a complete food, Bambara Bean comprises an average 19% protein and about 6.5% fat, making it a vital source of dietary protein. Bambara Bean is highly tolerant of poor quality soils and droughts, where it is grown.

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Bambara is particularly suitable for low-input agricultural production systems in drought-prone regions of Sub-Saharan Africa. Bambara Bean leaves are potassium-rich and thus, are an excellent source of animal feed. The beans are difficult to harvest mechanically and thus, large-scale commercial farmers refrain from growing Bambara beans, making it a crop ideal for small-scale farmers.

Bambara Beans are extensively used in food and beverages owing to their high protein content and ability to improve digestion. The seed of Bambara beans is known to improve soil as it can fix nitrogen. The nuts of Bambara beans are also consumed as a snack, in salted or roasted form.

According to a study put together by Future Market Insights, the consumer demand for Bambara Bean is anticipated to witness spectacular rise, promoted by its increasing applications in healthy foods and snacks.

Bambara Beans, an Emerging Income Source for African Women 

Bambara Bean is Africa’s third most important grain bean. The bean possesses high nutritional value. Bambara Beans and its products are often used as a snack or food supplement. Food and beverages made using Bambara Beans are high in protein content and good for the digestion system.

Bambara Beans can also be consumed after drying. The multifunctional bean has gained commercial and nutritional acceptance due to growing demand for highly relished and ready-to-eat food products it produces.

The Bambara Bean market is expected to observe robust growth owing to the various advantages of Bambara beans (for instance, Bambara bean can grow on poor soil). Despite being considered a neglected specie, the prospect for the growth of the Bambara Beans market is positive.

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Global Bambara Beans Market: Market Participants 

Some of the key players operating in the global Bambara Beans market are Princebrim Foods, BUSH’S, EARTH EXPO COMPANY, Henan Changling Food Co. Ltd., Lazima Farm Company and Elite Trading Company, among others.

Opportunities for Market Participants in Bambara Beans Market 

Within the African sub-continent, Bambara Beans are a source of significant nutrition in more than 30 countries. Bambara Beans are a significant part of people’s diet and livelihood in various countries of Africa, such as Zimbabwe, Cameroon, Nigeria and more.

Also, over the years, the production of Bambara Beans has significantly increased and experienced strong growth. Burkino Faso is an important producer of Bambara Beans with more than 50,000 tons of production capacity. Nigeria and Cameroon are other important producers with more than 30,000 tons of production capacity.

The cultivation of Bambara Beans is mainly done in African countries, so the potential for growth in these countries is relatively higher than in other regions. Bambara Beans is considered to be an important crop owing to its functional properties, nutritive composition, antioxidant potential and the fact that it is a drought-resilient crop and thus, it will witness strong demand globally.

Brief Approach to Research 

A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments included in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period.

The statistics and data are collected at a regional level, consolidated and synthesized at a global scale to estimate the overall market sizes.

Global Bambara Beans Market Segmentation 

On the basis of nature, the global Bambara Beans market has been segmented as – 

• Organic
• Synthetic

On the basis of applications, the global Bambara Beans market has been segmented as – 

• Cooking Ingredient
• Snack Foods

• Dietary Supplements
• Animal Feed
• Flour
• Dairy Alternative

On the basis of distribution channel, the Bambara Beans market has been segmented as – 

• Direct Sales (B2B)
• Indirect Sales (B2C)
• Hypermarkets/Supermarkets
• Online Stores
• Specialty Stores

• Other Retailers

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Key Data Points Covered in the Report 

• An overview of the global Bambara Beans market including background and advancement.
• Macroeconomic factors affecting the Bambara Beans market and its potential.
• Market dynamics, such as drivers, challenges, and trends in the Bambara Beans market.
• Detailed value chain analysis of the Bambara Beans market.

• The cost structure of the Bambara Beans and segments covered in the study.
• In-depth pricing analysis, by crucial Bambara Beans segments, regions and by major market participants.
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario.
• Analysis of the market structure, including a tier-wise categorization of key market participants.
• Competitive landscape of the market, including detailed profiles of the top players in this 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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Takeout Dinner Market to Reach US$ 497.3 Billion by 2032 as Eating Habits Shifts; Takeout Dinner Market to Record a 7.50% CAGR through 2032

The takeout dinner market share is estimated to account for US$ 497.3 Billion in 2032, up from US$ 241.3 Billion in 2022, advancing at a CAGR of 7.5% during the forecast period from 2022 to 2032.

The demand for takeout dinner is anticipated to grow with the increase in the number of consumers & their eating habits; fast-food chains and urbanization is likely to boost the takeout dinner market size during the forecast period.

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An effective supply of food, easy to carry, and standard quality of hygiene food leads to an increase in the sales of takeout dinners in the coming year.

Most consumers are busy with their work schedules & the couples engaged with their work are leading to a rise in the takeout dinner market growth. To eat healthy fresh food without any effort of cooking or want to taste the specific food, craving to eat your favorite food leads to rising the adoption of takeout dinner.

The restaurants & hotels are making the powerful strategies to provide a better quality of dishes & boost the supply of food items which rises demand for takeout dinners.

With the unique dishes, they can prioritize their customer’s needs and generate more customers who are likely to generate more sales & anticipated to rise in the takeout dinner market future trends & opportunities.

The East Asia region is likely to dominate the takeout dinner market trends all around the regions during the forecast year from 2022 to 2032. The region covered around 26.9% of the share in the takeout dinner market share all around the globe due to rising consumer tastes, online media, and increasing urbanization.

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After East Asia, North America stood in the second position with a share of 25% during the forecast period from 2022 to 2032.

The key playing companies also put great efforts into pushing the takeout dinner market growth upward and building the plans to achieve the goal in the takeout dinner market trends & opportunities.

Key Takeaways:

Based on nature, the non-vegetarian segment is estimated to dominate the takeout dinner market share acquiring 65.9% of the share all around the globe during the forecast period 2022 to 2032.

By cuisine type, the Thai food segment is anticipated to lead the takeout dinner market size in the forecast period 2022 to 2032.

East Asia holds a prominent role in the takeout dinner market as per takeout dinner market surveys all around the region.

By 2032, the takeout dinner market share is anticipated to rise to the valuation of US$ 497.3 Billion with a CAGR of 7.5%.

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Competitive Landscape:

Key companies are adopting new technologies to increase the number of regular as well as ordinary consumers by providing high-quality food to increase the sales of takeout dinner during the forecast period from 2022 to 2032.

Some of the key players in the takeout dinner market are

• Just Eat Holding Limited
• Delivery Hero Holding
• Foodpanda
• Domino’s Pizza Inc.
• Pizza Hut Inc
• Zomato Media Private Limited
• Snapfinger
• Grubhub
• com Holding B.V Foodler Inc

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The global vegan dressing market is set to witness growth at a CAGR of 5.4% over the forecast period (2022-2032) and top a valuation of USD 2,453.4 Million by 2032.

The demand for vegan dressing and spreads is not only to produce a dressing that is free from meat and dairy ingredients but also to ensure the absence of ingredients that may cause health problems such as allergies and side effects.

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These vegan foods, including vegan ranch, tasted and felt similar to the non-vegetarian food items taking the consumers by frenzy. To complement these dishes, oil-free salad dressings such as varied mayonnaise was also introduced, which showed an increased consumption over the past few years.

Concerns about fitness and overweight have led to a significant increase in demand for nutritious foods such as salads, which is expected to benefit the vegan condiment sector. The vegan dressing industry is predicted to grow with the rising demand for convenient, nutritious, and ready-to-eat foods.

Moreover, plant-based food sources would take the spotlight as consumers would prefer not only the flavors and ingredients but also the aspect of excluding gluten, dairy, and animal-based foods to adapt to healthy eating, i.e., adapting the concept of “Free from Food.”

Most vegan dressing manufacturers are implementing a similar concept while developing vegan dressings resulting in a highly competitive market.

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Also, vegan dressing market players are using platforms such as OTT and social media to promote their products and are also tying up with fast-food franchises and popular restaurant chains for rapid market penetration. Tie-ups with restaurants are expected to add more value since they offer vegan food that would be followed by vegan dressing market trends.

Vegan foods that require vegan ranch as its complementary serving are expected to witness huge demand in the near future, thereby promising a strong positive vegan dressing market growth over the assessment period (2022 – 2032).

The outbreak of COVID-19 disrupted the supply chain of the vegan dressing market, due to a slowdown in the market. However, the vegan dressing market trends are expected to witness significant growth with economies providing opportunities and increasing consumer demand for healthy & nutritious food products.

Key Takeaways from Market Study

• North America is expected to account for the maximum value share of the global vegan dressing market of about 31% by 2032 end.

• Growing adoption of veganism by todays’ consumers is driving sales of vegan dressing across global market
• By product type, vinaigrettes is expected to hold nearly 20% of the vegan dressing market share by 2022 end.
• By application, commercial use is expected to account for the maximum market value share of about 60% of the global market by 2022 end.
• In case of distribution channel, the indirect channel is expected to account for more than half of the global market value share and vegan dressing market growth by 2022 end.
• Online retailers, under the indirect channel segment are expected to be the fastest growing sub segment for the global and many regional vegan dressing market.

“A global shift in eating patterns of consumers of which the millennial generation has an important part to play, are one of the key drivers in causing the shift from animal based products to the consumption of vegan food products,” says a Future Market Insights analyst.

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Competitive Landscape

Vegan dressing market players are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base.

Name of some of the vegan dressing market key players includes McCormick & Company, The Kraft Heinz Company, Kikkoman Corporation, ConAgra Food Inc., Sweet Baby Ray’s, Litehouse, Inc., Red Duck Foods, Inc. Majestic Garlic, Bear Pond Farm, KENSINGTON & SONS, Follow Your Heart, Daiya Foods Inc., Meridian Foods Limited, Amy’s Kitchen, Inc. B&G Foods, Inc. and others.

Explore More Valuable Insights

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

The study offers compelling insights based on product type (vinaigrettes, mayonnaise, ranch dressing, blue cheese, Caesar dressing, and other creamy dressing), application (commercial and household), and distribution channel (direct and indirect), across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) 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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The global crop micronutrient market is set to witness growth at a CAGR of 7.4% and top valuation of US$ 8.1 Bn by 2032.

From past few years chemical fertilizers are widely used on crops which is resulting in micronutrient deficiencies in crops. In addition to this, water scarcity and intensive chopping patterns are also increasing the micronutrient deficiencies in crops.

The term “food insecurity” has triggered concerns among scientists, researchers, agronomists, and policymakers across the globe. Due to changing climate and the ever-present threat of anthropogenic activity, food security has received a lot of attention in recent years.

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Food security is concerned not only with the quantity of food consumed but also with the quality and variety of food available. These criteria necessitate the most efficient use of existing acreage and the highest possible production. As agriculture micronutrients can help to solve these problems, it is expected to propel growth over the forecast period.

“Increasing sales of processed food products, along with high preference for nutrient-rich breakfast cereals and other products will continue augmenting the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• The crop nutrients market is expected to expand at CAGR of 5.9% and 4.1% in Latin America and the Middle East & Africa respectively through 2032.
• East Asia and South Asia will account for 19.4% and 15.2% respectively in 2022, due to increasing awareness regarding micronutrients among the farmers.
• Among the form segment, chelated micronutrients are dominating the crop micronutrient market holding around 78.3% share in 2022 and is expected to grow with CAGR of 4.5% over the forecast period.
• By crop type segment, sales of cereals & grains will account for 43.7% of the total market share in 2022 and are expected to grow at a CAGR of 4.0% over the assessment period.
• Zinc will dominate the product type segment holding 27.3% share in 2022, with demand growing at a CAGR of 3.1% over the forecast period.
• Europe crop micronutrient market is expected to cross market valuation of US$ 860.1 Mn in 2022 and grow with a CAGR of 7.4% over the forecast period.

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 Competitive Landscape

Key players operating in the crop micronutrient market are DowDuPont Inc., Aries Agro Ltd., Baicor L.C., Compass Minerals International, Inc., BASF SE, The Mosaic Company, Western Nutrients Corporation, Nutrien Ltd., Akzo Nobel N.V, and Yara international ASA.

Leading players are getting involved in mergers and acquisitions to expand their global presence. They are also investing in research and development to improve their product portfolios.

Explore More Valuable Insights

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

The study offers compelling insights based on form (chelated micronutrients, non-chelated micronutrients), crop type (fruits & vegetables, cereals & grains, pulses and oilseeds, others), product type (zinc, boron, iron, copper, manganese, molybdenum, others), and application (soil, seed treatment, fertigation, foliar, others) 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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The global cane sugar market is set to witness growth at a CAGR of 4.6% and is anticipated to reach a valuation of around USD 83.8 Bn by 2032.

Sugar is necessary for flavorful and pleasant food. However, its consumption might lead to weight gain, obesity, diabetes, and cholesterol problems. Cane Sugar is used to combat this by lowering the sweetness of the food while also giving a distinct flavor.

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Buying habits have changed dramatically during and after the outbreak. People nowadays are looking for healthier, less processed, and raw sugar kinds, such as brown and organic, to lessen the detrimental effects of sugar consumption on the body. Organic sugar is gaining popularity among customers since it is seen to be healthier and safer than regular sugar. This has changed the cane sugar market outlook.

To keep up with consumer demand, major sugar producers are working on generating new types. Growing worries about lifestyle-related health issues including obesity, cardiovascular disease, and diabetes are projected to drive demand for healthier sugar variations even higher.

However, the development of better sugar substitutes such as coconut sugar and stevia, as well as regulations imposed by regulatory bodies and health organizations owing to its negative health effects, such as the American Heart Association’s recommendation of limiting added sugar intake to less than 6 teaspoons (24 grams) per day for women and less than 9 teaspoons (36 grams) per day for men, have shifted consumer preferences towards artificial sweeteners and is shifting consumer preferences towards artificial sweeteners. This is one of the biggest cane sugar market restraints.

To combat this, the cane sugar company executives will have to manage several priorities at the same time as they transition from reacting to the pandemic to recovering and traversing the path forward: monitoring changing consumer preferences, recognizing micro pockets of growth to prioritize in future plans, adjusting commercial strategies, and becoming more flexible to stay a step ahead.

Key Takeaways from Market Study

• The cane sugar market is segmented based on product type; wherein liquid sugar is anticipated to account for around 21.7% of the market share over the forecast period.
• The North American cane sugar market is expected to witness a lucrative growth rate of 5.6% during the forecast period.
• East Asia is inferred to account for 25.8% of the global adoption of cane sugar through 2032.
• Cane Sugar application in the bakery industry is expected to hold a market share of over 23.5% in the forecast period

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“For the advancement of their businesses, key manufacturers are opting for strong tactics. They’re putting a lot of emphasis on product branding and positioning. They are exploiting consumer pleasure as a feasible approach to grow their worldwide influence. These are the factors that are driving the market for cane sugar forward.” says a Future Market Insights analyst.

Competitive Landscape

Joint ventures, mergers & acquisitions, and other strategic initiatives are continually being pursued by cane sugar market participants. Major firms in fast-growing countries like East Asia and South Asia are also attempting to diversify their product lines to get a competitive edge over their competitors.

As a result of huge, long-term behavioral upheaval across consumers, categories, and channels, the problem of anticipating customer requirements, as well as assessing and managing innovation to meet those needs, is likely to become much more difficult in the post-pandemic era in the cane sugar market.

Consumers are prioritizing needs, looking for larger amounts, shelf-stable, and easy-to-prepare products, as well as those with higher value. They’re switching to online and direct-to-consumer methods for their purchases. Consumer attitudes and disposable cash are increasingly favoring companies that represent for trust, safety, health, and value. This can be corroborated by the few recent cane market developments:

DCM Shriram Ltd announced an investment of about INR 350 crore in sugar mill capacity expansion in November 2021. The company approved three investment proposals for the sugar business, including increasing capacity for refined sugar production according to market choice and increasing feedstock flexibility for its distilleries, to capitalize on increased sugarcane availability in its catchment area.

EID-Parry (India) stated in September 2021 that at its Sankili facility in Andhra Pradesh, it would build a grain/sugar syrup/molasses-based distillery with a capacity of 120 kilo liters per day (KLPD).

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Explore More Valuable Insights

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

The study offers compelling insights based on the cane sugar market by product type (liquid sugar, powdered sugar, granulated textured sugar, granulated flavored sugar, granulated colored sugar, pulp, others), by nature (organic and conventional), by application (dairy, bakery, confectionery, beverage, canned & frozen foods, pharmaceuticals, other food items) & Region 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 about 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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Driven by adoption of ultra violet (UV) curable polyurethane (PU) dispersion coatings and growing preference for water based formulations, the soft touch polyurethane coatings market is forecast to reach valuation of US$ 6430 million by the end of 2021.

As per newly released data by Future Market Insights (FMI), global sales of overall soft touch polyurethane coatings market enjoyed year-on-year (YoY) growth of 3.50% in 2021 to total 313 kilotons. The sales are expected to grow 1.97X and reach 617 kilotons by the end of 2031, says Future Market Insights.

Soft touch polyurethane coatings are all-rounder in terms of application as they are extensively used in coating automotive and aircraft interior components like arm rest, door trims and front control panels to protect them from constant wear and tear.

Increasing adoption of ABS plastics in making automotive interiors will accelerate the demand for soft touch polyurethane coatings in upcoming years. They also play an integral role in improving overall look and design of consumer electronic devices like mobiles and laptops while simultaneously protecting them from scratches.

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The cover and body of consumer electronics are required to have organoleptic properties. Increased demand for high quality covers has led to an increase in demand for soft touch polyurethane coatings for its properties like resistance to yellowing, scratching, and abrasion.

Soft touch polyurethane coatings are highly effective in protecting wooden items from decaying and pest infestation. 

Stringent government regulations imposed to reduce the emission of volatile organic content (VOC) is prompting the market players to develop environment friendly coatings. In 2019, Environment Protection Agency New England has mandated manufacturing facilities to reduce its VOC emission by making process changes and installing air pollution control equipment’s.

This is expected to bode well with the market growth in upcoming years. Many market players are switching from solvent based coating to producing water based coating as solvent based coatings has high VOC content.  Increasing research and development for sustainable water based coating production while eliminating side reactions will boost the market growth over the forecast period.

Key Takeaways from FMI’s Soft Touch Polyurethane Coatings Market Study

• North America soft touch polyurethane coatings market is forecast to expand at 5.10% CAGR during the assessment period owing to rising cases of insect infestation among American household and thriving wood work and furniture industry in U.S. and Canada.
• Europe soft touch polyurethane coatings market will grow at 5.8% CAGR from 2021 to 2031, driven by rising production of automotive interiors made from acrylonitrile butadiene styrene (ABS) and elevated export and production of soft touch polyurethane coatings in the region.
• Japan and South Korea will hold more than 14% of the global market share in 2021, backed by increasing production and demand of electronic components made in these countries and strict regulations regarding control emission of VOCs in these regions.
• Ultraviolet soft touch polyurethane coating segment is expected to grow at more than 8.1% CAGR throughout the forecast period due to its high demand of such coatings in packaging industry due to its chemical inertness and eco-friendly characteristics.
• The transport and automotive segment is predicted to account for more than 37% of global soft touch polyurethane coatings market share due to increasing demand for luxurious and rich look interior among car enthusiasts.

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“Rising production of premium electronic products and increasing demand for scratch resistant and drop resistant coatings to protect these products is expected to spur the soft touch polyurethane coatings sales,” says the FMI analyst.

Competitive Landscape

Future Market Insights reports that, leading market players are focusing on employing organic and inorganic strategies to expand their market shares and enter new and emerging markets. These strategies include strategic merger and acquisition, partnership, and new product launches.

For instance, in June 2021, AkzoNobel announced to acquire Colombia-based paints and coatings company Grupo Orbis to strengthen its long term market position in South and Central America.  This will allow AkzoNobel to expand its product portfolio and solidify its position as the market leader in the region.

In January 2021, Allnex launched new polyurethane coating “DAOTAN 7061/35WA” especially designed for automotive OEM and vehicle refinish coating segments.

Prominent players operating in the soft touch polyurethane coatings market are:-

• RPM International Inc.
• The Sherwin Williams Company
• PPG Industries Inc.
• Axalta Coating Systems Ltd.
• Jotun AS
• AkzoNobel N.V.
• Aexcel Corporation
• Sokan New Materials.

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More Insights on the Global Soft Touch Polyurethane Coatings Market

In its latest report, FMI offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for the period of 2015-2025 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of base type (water-based and solvent-based coatings), product type (2K and ultraviolet polyurethane coatings), end use (transport and automotive, electrical and electronics, wood and furniture, and others (packaging, measuring devices)), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and 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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The worldwide market for pressure Reducing valves is assessed to be esteemed at US$ 1,701.6 Mn before the finish of 2022 and is relied upon to observe a Y-o-Y development pace of 4.3% over the conjecture time frame. China is assessed to represent a critical worth offer in the worldwide Pressure diminishing valve market by 2022 end and is expected to stay prevailing all through the estimate time frame in the strain decreasing valve market.

The Pressure Reducing valve market has been encountering huge development throughout recent years, especially in Middle East and Africa, India and China. The developing interest for oil and gas, synthetic compounds and power across GCC Countries and India is adding to the significant interest for pressure diminishing valves in these areas.

Division Analysis

• Based on item type, the immediate acting section is expected to rule the strain decreasing valve market over the conjecture time frame
• Based on material, the bendable iron fragment is relied upon to enlist the most noteworthy development, as far as volume just as worth, in the worldwide Pressure Reducing valve market over the figure time frame
• Based on working Pressure, the 50-200 Psig portion is relied upon to represent more than 2/fifth of the generally gradual open door made in the worldwide Pressure Reducing valve market during the conjecture time frame
• Based on application, gas and fluid portions, together, are relied upon to make a gradual opportunity1.7X that of the steam fragment’s in the worldwide Pressure Reducing valve market

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Local Analysis

Western Europe and China together are assessed to have aggregately represented more than 2/fifth of the general offer in the worldwide Pressure Reducing valve market before the finish of 2017. The Middle East and Africa district is a key creation base for the oil and gas industry and accordingly the locale is relied upon to set out huge development open doors in the worldwide strain decreasing valve market.

Seller Insights

The report features a portion of the top organizations working in the worldwide Pressure Reducing valve market like Watts Water Technologies, Inc., Spirax Sarco Engineering plc, TLV, Itap Spa, Caleffi S.p.a., HAWE Hydraulik SE, Yoshitake Inc., Genebre, HYDAC, Forbes Marshall, CIRCOR International.

Key Segments Covered in Pressure Reducing Valve Industry Survey

Pressure Reducing Valve Market by Material Type

• Cast Steel Pressure Reducing Valve
• Stainless Steel Pressure Reducing Valve
• Carbon Steel Pressure Reducing Valve
• Cast Iron Pressure Reducing Valve
• Ductile Iron Pressure Reducing Valve
• Bronze Pressure Reducing Valve

Pressure Reducing Valve Market by Operating Pressure

• 50-200 Psig Pressure Reducing Valve
• 201-500 Psig Pressure Reducing Valve
• 501-800 Psig Pressure Reducing Valve
• Above 800 Psig Pressure Reducing Valve

Pressure Reducing Valve Market by Application

• Gas Pressure Reducing Valve
• Steam Pressure Reducing Valve
• Liquid Pressure Reducing Valve

Pressure Reducing Valve Market by End-Use Industry

• Pressure Reducing Valve for Power Generation Industry
• Pressure Reducing Valve for Pharmaceutical Industry
• Pressure Reducing Valve for Pulp & Paper Industry
• Pressure Reducing Valve for Chemical Industry
• Pressure Reducing Valve for Food & Beverages Industry
• Pressure Reducing Valve for Oil & Gas Industry
• Pressure Reducing Valve for Other Industries

Pressure Reducing Valve Market by Product Type

• Direct Acting Pressure Reducing Valve
• Pilot Operating Pressure Reducing Valve

Pressure Reducing Valve Market by Region

• North America Pressure Reducing Valve Market
• Latin America Pressure Reducing Valve Market
• Europe Pressure Reducing Valve Market
• East Asia Pressure Reducing Valve Market
• South Asia & Pacific Pressure Reducing Valve Market
• Middle East & Africa Pressure Reducing Valve Market

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

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The global pearlescent pigment market is expected to poise an impressive CAGR of 4.0% over the assessment period from 2022 to 2032. The market is projected to garner a total revenue of US$ 3,601.70 Mn by the end of 2022 and is anticipated to surpass US$ 5,331.4 Mn by 2032.

Predominant influence on the market is by certain industrial and innovation factors including growth in automotive, paints and coatings, and plastic industry and investment in product development.  According to the historic evaluations, the pearlescent pigment market witnessed a growth outlook of around 4.2% CAGR over the period between 2015 and 2021.

However, a significant surge has been witnessed in demand for pearlescent pigments, particularly for application in the printing and food packaging industry. Owing to these factors, the demand for the pearlescent pigment market is anticipated to reach US$ 5,331.4 Mn by 2032. Sales in the market are projected to expand by nearly 1.5x over the forecast period (2022-2032).

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On the basis of regional segmentation, the East Asian region is predicted to remain prominent in the consumption of pearlescent pigment. The south Asian market is expected to witness a positive growth outlook, especially in emerging countries like India.

Attributing to the growing applications in various industries including personal care and paints & coatings industries, the global pearlescent pigment market is expected to have higher demand over the years. The global consumption of pearlescent pigment is estimated to be around 6-8% of the overall pigments market.

Key Takeaways

• Owing to the expansion of the automotive industry all over the world, combined with the rising purchasing power, there is a significant surge in the demand for luxury passenger cars in the global landscape. With a surging preference for aesthetically pleasing finishing touches, the automakers are choosing colors that are trending among millennials and Gen-Zs as they are eye pleasing. This is resulting in increased sales of pearlescent pigments in the market.
• As compared to organic pigments, pearlescent pigments are expensive as they are used to attain high luster and a premium finish for luxury cars. Thus, the aforementioned factors are in turn driving demand in the pearlescent pigments market.
• Widespread application of borosilicate glass flake pearlescent pigments in various cosmetics including lip gloss is predicted to bolster growth in the market. The utilization of glass flake pearlescent pigment in lip products is expected to increase significantly over the upcoming decade.
• There are several other applications of glass flake pearlescent pigments in the cosmetics industry, especially for lip, eye, face, nail, and other personal care products that are above the roof. Since these pigments help in moderately diffusing ambient light in order to help reduce the appearance of wrinkles, the demand is in the pearlescent pigment market.
• Owing to the different color index and special mica and metallic pigments utilization, it is expected to lead to the growth of such an extensive variety of pearlescent pigments. In addition to that, the rising application of pearlescent pigments in digital printing for quality of dispersion, viscosity, and consistency is another versatile trend observed in the pearlescent pigments market.
• The packaging industry is expected to strive to meet the increasing demand for high-quality graphics, which in turn is aiding the demand in the pearlescent pigment market. Moreover, synthetic mica, being a substrate material also provides a relatively higher level of transparency and lower impurities as compared to natural mica.

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Competitive Landscape

Prominent players in the market are focusing on surging their manufacturing capacities and are extensively setting up their manufacturing units, sales offices, and distribution channel in emerging economies to boost their sales, especially in emerging economies.

Key participants are also focusing on the acquisition of small and medium-sized manufacturers to enhance their annual turnover. Some of the leading players are also focusing on tailored product offerings as per the specific requirements of the end-use industries.

More Insights into the Pearlescent Pigment Market

According to FMI studies, a significant development in the industrial sector all over the U.S. is expected to result in an upsurge in pearlescent pigment production. It has been widely adopted in various industries such as automotive, paints, and coatings, and plastic compounding will also spur the demand for pearlescent pigment. Backed by this, the U.S. is estimated to account for around 27% of the global market share.

Demand for pearlescent pigment is predicted to surge in China with a phenomenal CAGR of 6.4% over the projection period. Owing to the significant growth in the construction sector, development in the paints and coatings industry, growth in the plastic industry and significant rise in the automotive industry are the key driving factors in the China pearlescent pigment market.

Pearlescent Pigment Market Segmentation

By Purity Type:

• Natural Pearl Pigment
• Synthetic Pearl Pigment
• Glass Flake Pearl Pigment

By Structure Type:

• Substrate-free
• Monolayer
• Multilayer

By End-use Industry:

• Automotive Paints
• Paints & Coatings
• Personal Care
• Plastic Industry
• Printing
• Others

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About FMI

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

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