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The global alpha-amylase baking enzyme market is expected to secure a market value worth US$ 465 Million while expanding at a CAGR of 3.8% during the time period. The growth of the market can be accredited to the increasing importance of enzymes in bread making to provide various features such as; color texture, dough improvement, and softness.

Increasing demand from bakery manufacturers for enzymes to increase the yeast and provide better texture during the formulation for the final product is projected to be another vital factor in the coming time.

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Moreover, the alpha-amylase enzyme is gaining significant traction in the chemical industry as they are used as a catalyst in biofuels. They’re likely to experience significant traction for detergent production in order to augment the product yield and reduce lead time.

In addition, rising interest in the plant-based alpha-amylase baking enzyme is anticipated to offer significant opportunities to the market. For instance, in June 2021, RXBAR, the Kellogg Company subsidiary rolled out its first plant-based product, peanut butter, and chocolate chip flavors. Such initiatives are expected to provide opportunities for expansion in the market in the coming time.

On the contrary, health issues associated with the consumption of bakery products are projected to be the most significant factor hindering market growth in the coming time. Furthermore, rising preference for all alternative protein hydrolysis enzymes like xylanase, lipase, and others are likely to limit the market growth in the assessment period.

Key Takeaways from the Market Study:

• Bacteria-based alpha-amylase baking enzymes to exhibit a CAGR of 3.8% during the forecast period
• By application, bread manufacturing to comprise maximum usage, documenting a CAGR of 3.6%
• Market in the U.S to value US$ 162.4 Million by 2032
• K market to expand at a CAGR of 3% in the assessment period
• Market in Japan to garner US$ 27 Million during the forecast period

“Rising consumption of bakery products as well as the quest to include ingredients which are consumer health friendly and cost effective are collectively leading to expansion of the market for alpha-amylase baking products market,” says an analyst at FMI.

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Competition Analysis

Key players in the global alpha-amylase baking enzyme market include

• Koninklijke DSM N.V.
• Novozymes A/S DuPont
• Puratos Group N.V. and Specialty Enzymes.

Recent key developments in the market are:

• In May 2022, Winni Cakes, India’s leading online gifting platform and bakery chain, announced the opening of the first baking institute in Panchkula that has world resources, educators, and a modern bakery set up to train the young fellows.
• In May 2022, B&M, a European Value Retail S.A.., announced the launch of the banana-flavored Jammie Dodger biscuit range.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global alpha-amylase baking enzyme market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of source (fungi, bacteria and plant-based) and application (bread, cookies & biscuits, desserts and others), across five major regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)

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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Carotenoids Pigments market insights covers the food and beverage industry that uses Carotenoids Pigments all over the world. The market is expected to reach a market valuation of near by $539 million by 2022 and grow at a CAGR of 5.5 per year between 2022 and 2032. Carotenoids pigment sales accounted for a whopping ~33.28% of revenue in the global natural pigments market valued at US$1.6 billion in 2021.

Carotenoids food colorant is also loaded with several pharmaceutical properties and is therefore widely used in cooking culinary practices. Carotenoids can be derived from plants and animals like pumpkins, carrots, parsnips, corn, tomatoes, canaries, flamingos, salmon, lobster, shrimp, and daffodils.

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Key Takeaways from Market Report

• The overall natural food colors market is expected to expand at CAGRs of 6.5% and 6.1% in North America and Latin America, respectively, through 2032, while the carotenoids food colors market is anticipated to grow at a rate of 5.8% and 6% in these regions respectively.
• The European carotenoids food colors market is currently pegged at 700 metric tons by volume and USD 160 mn by value. The demand for carotenoid Food Colors is about to grow at 9% CAGR between 2022 and 2032 in this region.
• In 2021, the Asia Pacific market had a market share of 23.4% in the global carotenoids food colors market. It is anticipated to register over 6% CAGR through 2032 due to the rising occurrence of chronic diseases and the growing awareness among people of the advantages of carotenoids.
• Although by application, the beverages industry holds command over the highest market share of 20%, the pet food segment for carotenoids consumption is set to expand at a CAGR of 2%.
• Growing consumer preference for organic, healthy, and nutritious food products is the main driver for sales of carotenoid food colors across global markets.

In the human diet, absorption of carotenoids enhances when consumed with fat in a meal. Cooking carotenoid-rich vegetables in oil and shredding the vegetable both increase carotenoid bioavailability. Hence, it is quite convenient to extract and utilize carotenoid natural colors in foods and beverages.

With the rising number of consumers shifting to an organic diet, the use of Carotenoids food colors has boomed in the food processing industry. Also, the enlarging health-consciousness among people during the pandemic has triggered people globally into looking for natural food colors like Carotenoids color shades on their plates.

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 “Carotenoids food colorant manufacturers are advised to target the health and nutrition markets like dietary supplements industry. Manufacturers should also strive to achieve higher production volumes, to make such natural food colors more affordable to food processing industries. Carotenoids already find application in numerous other industries apart from F&B, hence corporations should not limit themselves to Food and beverages,” says a Future Market Insights analyst.

Competitive Landscape

The market is consolidated and dominated by major players. Carotenoids food colorant producers are majorly cost-cutting procedures in order to make carotenoids food colors affordable for the food processing industry. These manufacturers also participate in various collaborations with leading food brands around the world to increase the reach of their products.

Major market players operating in the carotenoid extract market are Divis Laboratories, Allied Biotech Corporation, D.D. Williamson & Co. Inc., Sensient Technology Corporation, Chr. Hansen Holding A/S, Lycored, Kemin Industries Inc, Cyanotech Corporation, Kalsec Inc, Fiorio Colori, FMC Corporation, WILD Flavors, Naturex S.A., and a few other regional players.

Carotenoids Pigment Market by Category

By Product, the Carotenoids Pigment market is segmented as:

• Astaxanthin
• Beta-carotene
• Lutein
• Lycopene
• Canthaxanthin
• Zeaxanthin
• Other types (capsanthin, annatto, alpha-carotene, apocarotenal, etc.)

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By Application, the Carotenoids Pigment market is segmented as:

• Bakery & Confectionery Products
• Beverages
• Fruit Preparations/ Fillings
• Dairy Food Products
• Potatoes, Pasta, and Rice
• Soups, Sauces, and Dressings
• Meat, Poultry, Fish, and Eggs
• Seasonings
• Others

About FMI

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

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The global gelatin market is set to observe growth at a CAGR of 5.8%, exceeding US$ 5,278.4 Mn by 2032.  Water as well as aqueous polyhydric alcohols are almost solely used as solvents in gelatin compositions for confectionery and dessert food products. Gelatin’s protective colloid feature inhibits ice and sugar crystallization in milk products and frozen meals.

Increasing application of gelatin due to its viscosity qualities will propel the demand in the food & beverage industry. Gelatin prevents water separation in sour cream or cottage cheese, and is used in marshmallows to prevent sugar crystallization.

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It also maintains soft and flexible nature of marshmallow , enhancing the viscosity and stabilizing foam during the manufacturing process. According to the study, gelatin can be found in up to 1% of chewable tablets, crackers, and candy coatings.

Hence, the use of gelatin in the production of soft, chewy candies will increase the sales in the global gelatin market. Further, for reduced-fat margarine products, gelatin is used as an emulsifier and extender.

However, in the U.S., edible gelatin is most commonly used to make gelatin desserts at concentrations of 1.5–2.5%. Hence, gelatin is available pre-mixed with sugar and flavorings or unflavored gelatin packets for this purpose. As per FMI, type A gelatin is the most common type of edible gelatin, thereby, fueling the use in food & beverage industry.

Key Takeaways from Market Study

• The gelatin market is estimated to expand at CAGRs of 5.8% over the forecast period
• Europe gelatin market is expected to hold around 27% of value share in 2022.
• Among the type segment of the gelatin market, type B will witness significant growth during the assessment period
• North America is expected to dominate the gelatin market and is anticipated to grow with a CAGR of 5.2% over the forecasted period.
• Porcine source is leading source segment, whereas food and beverages is leading end-use application segment.

Competitive Landscape.

Sterling Biotech Limited, Gelita AG, Darling Ingredients Inc., India Gelatine & Chemicals, Nitta Gelatin Inc., Tessenderlo Group, Sterling Gelatin, PB Gelatins GmbH, Junca Gelatines S.L, Trobas Gelatine BV, Weishardt Holding San are key players in gelatin market

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Gelatin Market by Category

By Type:

• Type A
• Type B

By Nature:

• Conventional
• Organic

By End-Use Application:

• Protein Bars and Powder
  • Food & Beverage
  • Confectionery
  • Dairy Products
  • Meat & Poultry Products
  • Desserts
  • Beverage
  • Others
• Personal Care
• Pharmaceutical
• Nutraceutical
• Photography
• Others

By Source:

• Bovine
• Porcine
• Chicken
• Marine

By Functionality:

• Stabilizer
• Thickener
• Gelling Agent

By Region:

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

Key Questions Answered in the Report

• How big is the Gelatin Market?
• What is the North America Gelatin Market Outlook?
• At What Rate Will Gelatin Demand Grow in Europe?
• Which Are the Key Countries Shaping the Gelatin 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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The global galactose market topped US$ 26.1 Bn in 2021. As per Future Market Insights (FMI), the overall market value is expected to surpass US$ 45.1 Bn by 2031.

Changes in consumers’ eating habits, along with increasing consumption of ready-to-eat meals due to hectic lifestyle and busy schedules are some trends driving sales of galactose in the food and beverage industry.

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Owing to high demand, manufactures operating in the packaged food sector are incorporating galactose as an alternative to chemically processed sugar. In addition to this, expansion of the vegan population, and high focus on wellness-based products will continue fueling sales of galactose over the forecast period.

Rising awareness regarding usage of artificial and synthetic sugar in food and beverages spurring demand for galactose. Consumption of synthetic sugar results in health disorders such as high blood pressure, excessive weight gain, and increased risk of heart related disorders. In response to this, manufacturers are investing in research and development activities to launch plant-derived galactose in the market.

In addition to this, increasing demand for galactose from the personal care industry is anticipated to bode well for the market. Galactose is an exfoliant, which removed dead cells, minimizes pores, and doesn’t increase sun exposure, making it a vital ingredient in skincare products. This trend is anticipated to continue over the forecast period, resulting in high demand for galactose.

Key Takeaways:

• Crystal type of galactose is estimated to hold over half of the market in 2031.
• Based on product type, D-Galactose is expected to account for lion’s share of the total galactose sales in 2021.
• In terms of source, plant-derived sugar is anticipated to command the galactose market share.
• Sales of galactose in India are projected to rise at a robust 8.1% CAGR over the forecast period.
• The U.S. is estimated to account for more than 81% of the North America market in 2021.

The U.K. is projected to dominate the Europe galactose market with a market share of 14.8% in 2021.

Galactose Application in Personal Care Industry Creating Opportunities for Market Growth

Galactose has many anti-inflammatory and probiotic properties. These properties make it ideal for inclusion in exfoliating and nourishing skincare products. Galactose belongs to the PHA family of chemical exfoliants, which is a new generation of well-known AHAs and BHAs.

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PHAs mildly exfoliate the skin, making them suitable for usage on all skin types.

It can help minimise the appearance of dark spots and hyperpigmentation, and unlike other chemical acids like AHAs, it doesn’t increase sun exposure.  All these factors are leading to a higher application of galactose in the personal care industry.

Competitive Landscape

Some of the leading companies offering galactose are Thermo Fisher Scientific Inc., Merck KGaA, Kyowa Hakko Kirin Co., Ltd., Kyowa Hakko Kirin Co., Ltd., Suven Life Sciences Ltd., Nacalai Tesque Inc., Cayman Chemical Company, Inc., Anhui HeGeng Biotech Engineering Co., LTD., Tereos Starch & Sweeteners s.a.s, Cambridge Isotope Laboratories, Inc., and others.

Key players operating in the global galactose market are focusing on reaching a large consumer base by targeting emerging countries such as China, India, and Brazil. As a part of their growth strategies, players are investing in research and development to launch innovative plant-derived galactose products. Besides this, mergers, acquisitions, and strategic collaborations are expected to aid market players in expanding their global footprint over the forecast period. For instance:

• In March 2018, Kyowa Kirin Asia Pacific Pte. Ltd. announced the establishment of its Australian subsidiary, known as Kyowa Kirin Australia Pty. Ltd. With this establishment, the company aims to launch Kyowa Hakko Kirin’s products in the country.

Market Segments Covered in Galactose Industry Analysis

By Source:

• Plant Derived Sugar
• Synthetic Sugar

By Product Type:

• D-Galactose
• L-Galactose

By Form:

• Powder
• Liquid
• Crystal

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By End-Use:

• Food
  • Bakery Goods
  • Sweet Spreads
  • Confectionary
  • Dairy Products
  • Canned Food
• Beverage
  • Carbonated Drinks
  • Fruit Drink and Juice
  • Powdered Drinks and Mixers
  • Alcoholic Beverages
• Pharmaceuticals
• Personal Care
• Biofuel Industry
• Animal Feed Industry

About FMI

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

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The net worth of the rapidly growing plant-based fish market is estimated to be around US$ 767 Million in the current year 2022. According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of plant-based fish are estimated to reach a value of US$ 1.3 Billion by 2032, surging at a 5.8% CAGR through the decade.

As health concerns about excessive meat consumption grow, consumers are turning to a variety of meat substitutes. This venture is primarily benefiting sales of plant-based fish products.

According to the report, there has been a 114% increase in mentions of vegan food and cooking worldwide in recent years, with 60% of vegans and 40% of vegetarians adopting this lifestyle in the last seven years. The future of plant-based foods is expected to remain extremely bright as a result of such promising trends, with a highly positive impact expected on plant-based fish demand as well.

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Furthermore, plant-based fish products are typically sold at premium prices, making them out of reach for consumers with low to moderate incomes. Extensive regulatory compliance as a result of obtaining multiple certifications frequently causes product launches to be delayed, resulting in limited availability for consumers across regions.

Key Takeaways from Market Study

• The market for plant-based fish products in the United States is expected to grow significantly in the coming years.
• Concern for the environment was cited by nearly a quarter of all UK citizens as the primary reason for switching to a plant-based diet.
• Burger patties are typically round and flattened servings of fish and other veg/non-veg products.
• Soy-based protein is naturally cholesterol-free and low in saturated fat, it is popular among people of all ages, including the elderly and those suffering from cardiovascular disease.
• As a result of changing lifestyles, hypermarkets and supermarkets have become the most popular distribution channels among consumers.

“The demand for plant-based protein supplements has skyrocketed in recent years. With an increasing number of consumers worldwide adopting a vegan lifestyle, the global plant-based fish market is expected to grow rapidly,” says a lead analyst at Future Market Insights.

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Competitive Landscape

As competition heats up, companies in the plant-based fish market are focusing on product launches to gain a competitive advantage. The presence of a plethora of manufacturers in the global plant-based fish market makes the landscape highly competitive in nature. Key manufacturers are actively pursuing a variety of expansion strategies, such as new product launches, acquisitions, partnerships, and other capacity expansion strategies.

• Beyond Meat Inc. announced a three-year strategic global agreement with McDonald’s Corporation in January 2021.

Some of the key players in the Plant-Based Fish Market include Gardein by Conagra Brands, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Kellogg’s, Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion GmbH, Glanbia plc, Fuji Oil Co., Ltd.

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Future Market Insights, in its new offering, provides an unbiased analysis of plant-based fish presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the plant-based fish based on Product Type (Burger Patty, Fillets, Crumbles & Grounds), Source (Soy-based Protein, Wheat-based Protein), Distribution Channel (Supermarkets, Convenience Stores, Specialty Food Stores), Fish Type (Tuna, Crab, Shrimp), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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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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According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of dinner ready-to-eat (RTE) food are estimated to reach a value of USD 307.1 Billion by 2032, surging at a 5.8% CAGR through the decade.

The dinner ready-to-eat (RTE) food market growth is being driven by an increase in the convenience offered in terms of time savings and the minimal effort required for meal preparation. The wo rking population and millennials have increased their preference for these meals, owing to the fact that they only require heating before consumption, reducing overall effort. With rising demand for dinner ready-to-eat (RTE) food, manufacturers are focusing on developing innovative products to meet it and gain significant dinner ready-to-eat (RTE) food market share.

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Frozen Food Reigns Supreme

Frozen dinner RTE food is gaining popularity, making up nearly one-third of the revenue share in 2019. The lucrativeness is likely to persist, powered by the growing need to stockpile essential food to survive the COVID-19 pandemic.

Frozen foods are also becoming more popular due to their long shelf life. As consumers seek to minimize uncertainty, frozen has emerged as a feasible option. These tastes are also ramping up the category in the dinner ready-to-eat (RTE) food market.

Asia Pacific Makes Up the Majority of the Market

The Asia Pacific dinner ready-to-eat (RTE) food market is primarily driven by soaring demand for frozen pizza and handheld breakfast. These are heavily advertised as low-cost, high-quality, and fresh products. These meals have managed to gain the same popularity as foods found in restaurants and other food outlets.

Chilled and frozen ready meals are also among the most popular types of ready-to-eat food in the country. Furthermore, dinner ready-to-eat (RTE) food market participants are putting the spotlight on strategic measures to establish a powerful foundation in the country, which is attempting to drive dinner ready-to-eat (RTE) food market growth.

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Key Takeaways from Market Study

• China’s dinner ready-to-eat (RTE) food market is being driven by rising demand for frozen pizza and handheld breakfast.
• The dinner ready-to-eat (RTE) food market in the United States dominated in 2021, accounting for 38% of the total market.
• The ready meals segment was the leader in the dinner ready-to-eat (RTE) food in 2021. This rise is due to increased convenience, as less time and effort is required for meal preparation.
• The Supermarkets & Hypermarkets segment commanded the largest dinner ready-to-eat (RTE) food market share in 2021.
• Due to the increasing digitalization of the retail sector, the online segment is anticipated to expand at the fastest CAGR.

“One of the most important factors driving the growth of the global ready-to-eat food market is the expanding food and beverage industry, which, along with rapid urbanization, is one of the most important factors driving the growth of the global ready-to-eat food market,” says a lead analyst at Future Market Insights.

Competitive Landscape

New product launches, portfolio expansion, strategic collaborations, and mergers are some of the strategies used by the aforementioned companies to stay afloat in the dinner ready-to-eat (RTE) food market.

Some of the key dinner ready-to-eat (RTE) food market players in the dinner ready-to-eat food market include Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, Hormel Food Corporation.

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Recent Developments

• Nestlé will introduce egg and shrimp substitutes in October 2021, expanding its portfolio of plant-based foods available to consumers. As a limited test run, the novel products will be available first in selected European markets. Nestlé will market its egg substitute as Garden Gourmet Veggie.
• The Kraft Heinz Company announced a secondary offering of shares of common stock in November 2021. Some affiliates of 3G Global Food Holdings LP intend to sell 30,596,465 shares of common stock in the Offering, which is subject to market and other conditions. The company will not accept any proceeds from the Offering.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of ready-to-eat food presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the ready-to-eat food based on Product Type (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals, Baked Goods, Meat Products, and Other Product Types), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retailers, and Other Distribution Channels), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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 consumer appliances market review is expected to reach US$ 539.9 Bn by the end of 2029, in comparison to the US$ 383.8 Bn registered in 2021. Increasing demand for advanced and innovative technologies that help in fulfilling daily life chores in hassle-free ways is favouring the growth in the market.

Future Market Insights (FMI), in its new study, analyses the consumer appliances market and offers actionable insights on its growth prospects for the period 2022 and 2029. According to the study, worldwide sales of consumer appliances reached 383.8 billion units in 2021, and are estimated to register a Y-o-Y growth of 3.7% in 2022. The study opines that the impact of smart technologies is being witnessed in the market, with many players launching connected and smart devices to meet consumer expectations.

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Rapid digitalization and strong knowledge regarding use and efficiency of modern appliances have been largely contributing to the market growth. Steady economic growth in several countries and rising need for comfort are influencing consumers to upgrade their existing appliances to smarter variants. In addition to providing convenience, reducing manual efforts, and saving time, manufacturers are focusing heavily on product innovations to satisfy the evolving needs of their customers.

Technology is surely bringing a paradigm shift in consumer appliances industry, and FMI’s study analyses that stakeholders are helping consumers achieve their energy conservation goals through green technologies and sustainable-centric innovations. Impressive developments in smart connectivity area are also set to gain momentum in the coming years, representing a substantial competitive advantage for the market players.

White Goods Capture Robust Share over Brown Goods

According to the study, white goods such as refrigerators, washing machines, and air conditioners have garnered relatively high traction as compared to brown goods. In recent times, these products have become standard in almost every household, backed by availability at affordable prices. Additionally, provision of smart connection in white goods, along with fast urbanization and rural electrification, especially in developing economies, remained instrumental in accelerating the overall sales of consumer appliances. Far from being confined to bigger appliances, manufacturers are also working on incorporating robotic technologies in small appliances to provide user-friendly interface and enable ease of operations.

As smart homes become a reality all over the world, the FMI study opines that demand for consumer appliances from households or domestic segment will continue to grow at a significant pace. Introduction of technologically advanced models which can be connected to smartphones and controlled remotely along with rise in per capita income is likely to remain a key to gaining distinct competitive edge.

Opportunities galore for consumer appliances market stakeholders, as identified by FMI study with growing working population and rapid infrastructural development, resulting into increasing number of hotels, salon & grooming parlors, and quick service restaurants (QSRs).

According to the study, growth prospects of the consumer appliances market are high in Europe, owing to strong presence of reputed brands which continuously focus on fulfilling consumers need for appliances that can perform maximum tasks with minimal resources. Newer opportunities are expected in Asia Pacific stemming from a number of trends such as increased purchasing power, growing middle class population, advances in digital transformation, and favourable government policies that encourage the use of energy-saving appliances.

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As the importance of internet increases and e-commerce sites see an upsurge, stakeholders are implementing Omni-channel marketing strategy to reach wide range of customers across the globe. According to the study, sales of consumer appliances through online sales are likely to register a CAGR of 4% during the forecast period.

FMI’s business intelligence offers an incisive outlook on competitive scenario of consumer appliances market by discussing key strategies adopted by the players. The market shows a high level of fragmentation, with a large number of regional and local players restricting the geographical expansion of international companies. Prominent players are thus focusing on strategic collaborations and joint ventures for increased production capacities and enhanced customer base.

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analysing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry

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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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Global sales of land survey equipment are set to be valued at over US$ 6.0 Bn in 2021, with a steady long-term prediction, according to the latest insights by FMI. The report estimates the market to rise at over 7.80% CAGR from 2021 to 2031. According to the study, the overall land survey equipment market worth is expected to reach US$ 12.8 Bn by 2031.

Level survey equipment systems are expected to remain dominant among products available. Meanwhile, the demand for global navigation satellite system (GNSS) land survey equipment will increase by 6.7% CAGR in 2021.

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Land Survey Equipment Market by Category

By Product Type:

• GNSS
• Theodolite
• Level Equipment
• Total Station
• Laser Scanning
• UAV
• GIS Asset Collection
• Data Collectors

By Application:

• Inspection
• Monitoring
• Volumetric Calculation
• Layout Points

By End Use:

• Oil & Gas
• Construction
  • By Government
  • By Non-Government
• Mining
• Agriculture
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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About Us

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

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs