Market Research Blog – Page 9961 – New Product Development

Magnetic Drive Pump Market | Present Scenario and Growth Prospects 2031

According to a new analysis from Future Market Insights (FMI), the magnetic drive pump market is expected to grow at a 4.4 percent year-on-year (YoY) rate of 822,539 units in 2021.

According to FMI, sales of centrifugal pumps increased by 4.2 percent to 430,000 units, while positive displacement pump sales increased by 4.5 percent to 390,000 units. Magnetic drive pump sales are estimated to reach a value of US$ 807.9 million by 2021, growing at a CAGR of 5.3 percent. According to FMI’s analysis, sales will be boosted by the quick adoption of technologically upgraded equipment and apparatus, as well as an increased application for water treatment activities. The market is predicted to exceed US$ 1.35 billion by 2031, thanks to the aforementioned causes.

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Key Takeaways:

In terms of pump type, the centrifugal pumps segment is projected to hold 52.6% of the total magnetic drive pump market share.
Applications of magnetic drive pumps are anticipated to continue rising in the water treatment and mining sector, accounting for 15.6% and 13.3%, respectively.
Stainless steel is expected to remain the most-preferred casing material for magnetic drive pump services
China is anticipated to emerge as an attractive market, capturing 40.2% of the East Asia magnetic drive pump market share.
Germany is projected to lead Europe’s magnetic drive pump market, growing at a 5.1% CAGR.
India will continue experiencing high demand for magnetic drive pumps, capturing 31.8% of the South Asia Pacific market share.
Japan and South Korea will collectively account for 8% of the global market share.

“Integration of advanced technology due to focus on automation in construction and mining industries is pushing the sales of advanced magnetic drive pumps. CAPEX investments and an increase in water treatment projects also are expected to provide lucrative opportunities for the magnetic drive pump market. Steered by this, some of the leading OEMs are investing in strategic alliances, partnerships and product innovations to gain a competitive advantage in the global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says an FMI analyst.

Competitive Landscape

The market is expected to be primarily consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in the market are Ebara Corporation, Flowserve Corporation, Kirloskar Brothers Limited, ITT Goulds Pumps Inc., Iwaki Co Ltd., Klaus Union, March Manufacturing, Ruhrpumpen Inc., Sundyne LLC, Xylem Inc., PRECISION ENGINEERING CO., Grosvenor Worldwide Private Limited, GCA Energy, Magnatex Pumps, Inc., Grundfos Pumps Corporation, TEIKOKU ELECTRIC MFG. CO., LTD., ELEPON E.C.A.P. Corporation, NIKKISO EIKO Co., Ltd., etc.

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Global Magnetic Drive Pump Market by Category

By Pump Type:

Centrifugal Pumps
Positive Displacement Pumps

By Flow Rate:

Up to 80 m3/hr
81 – 200 m3/hr
201 – 500 m3/hr
Above 501 m3/hr

By Casting Material:

Stainless Steel
Alloy
Engineering Plastic
- PP
- ETFE
- PFA
- CRETFE

By Application:

Mining
Chemical Manufacturing and Processing
Bio-Fuels and Refineries
Metal Plating and Finishing
Fume Scrubbing
Food Processing
Water Treatment
Surface Treatment
Desalination
Others

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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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Glass Reactors Market Development Status, Competition Analysis, Type and Application 2031

As per newly released data by Future Market Insights (FMI), the glass reactor market is expected to register year-on-year (YoY) growth of 4.6% in 2021, registering sales of 400 thousand units. The single jacketed glass reactors segment will grow 4.3% in 2021 to reach 286 thousand units, while the double jacketed glass reactors segment demand will be up 4.4%, reaching 112 thousand units. Extensive applications in chemical and pharmaceutical processing will contribute to the growth of the market through 2031.

According to Future Market Insights, the expansion of pilot plants to test and validate production technologies before commercialization has led to stronger demand for glass reactors. The glass reactors market observed a moderate decline in its sales volume in FY2020 due to the Covid-19 pandemic.

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Demand from end-use industries including petrochemicals, research institutes, and others have waned. However, parts of the chemical and pharmaceutical sectors were unaffected due to demand generated from Covid-19 precautionary measures.

Demand for single jacketed glass reactors has been steadily increasing. This can be attributed to enhanced applications in the chemical and pharmaceutical industries, owing to which single jacketed glass reactors have secured a prominent share in the global glass reactors market.

The growing requirement for pilot plants due to the increasing adoption of new and advanced technologies coupled with Industry 4.0 norms, support the yield of glass reactors through the forecast period.

An increasing number of players are focusing on research and development related to glass reactors and are anticipated to contribute towards market growth in the years to come.

“The glass reactors market is growing at a strong pace, driven largely by investments in research and development (R&D) activities for the expansion of chemical and petrochemical projects. This will create extensive opportunities for manufacturers through 2031. Industry participants are investing in expansions, strategic alliances, and cost-effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Key Takeaways from Glass Reactors Market Study

• Glass reactors with a capacity of 30 to 60 Lts. are projected to hold over 35% value share of the global market in 2021, owing to a wider scope of application.
• Single jacketed glass reactors are set to hold 71.8% of the market share by the end of the forecast period, aided largely by cost considerations.
• The U.S. will remain a primary market, backed by rising demand from the pharmaceutical and chemical process sector. It is expected to account for 77.1% of the demand registered in North America in 2021.
• The markets in India and China are set to surge at a CAGR of approximately 6.4% and 6.1% over the coming decade, aided by investments in the pharma sector.
• The U.K. is emerging as a key market in Europe, with a valuation of over US$ 34.6 Mn in 2021, growing at a 5.8% CAGR with rising investments in the research sector.

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Competitive Landscape

Companies operating in the glass reactors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product portfolio and capacity, addressing the demand of an expanding consumer pool.
• For instance, in April 2019, Pfaudler Group acquired the Industrial Mixing Solutions Division (IMSD, www.sudarshan-imsd.com) of Sudarshan Chemical Industries Ltd., Pune.
Manufacturers are also focusing on the expansion of manufacturing facilities globally to maintain their global presence.
• In December 2019, Büchi AG. laid the foundation stone for the expansion project in Kaliningrad, Russia. The new facility enabled the company to increase its footprint in Europe, expand sales into Eastern Europe, and better address its customers’ needs by producing more products and services.

Some of the prominent players operating in the Global Glass Reactors Market profiled by FMI are:

• DE DIETRICH PROCESS SYSTEMS
• Parr Instrument Company
• Büchi AG
• Corning Incorporated
• Ace Glass Incorporated
• GMM Pfaudler Ltd.
• Syrris Ltd.
• Radleys
• Quark Glass
• Senco. CC

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The research report analyzes the demand for glass reactors. The global glass reactors market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on

By Capacity:

• Up to 5 Lts.
• 5 to 15 Lts
• 15 to 30 Lts.
• 30 to 60 Lts.
• 60 to 100 Lts.
• 100 to 300 Lts.
• Above 300 Lts.

By Design:

• Single jacketed Glass Reactors
• Double Jacketed Glass Reactors

By Application:

• Pilot Plants
• Mid-Large Scale Production Plants
• Portable Multi-purpose Unit

By End Use:

• Chemical Process Industries
• Petrochemical Refineries
• Pharmaceutical
• Research Institutes

By Region:

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

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Key Questions Answered in the Report
• At what rate is the glass reactors market projected to grow through the assessment period?
• How much is the glass reactors market worth?
• What is the volume outlook of the glass reactors market?
• At what rate did the glass reactors market grow in the last 5 years?
• What is the share of the top players in the glass reactors market?
• What is the North American glass reactors market outlook?
• At what rate are the sales of glass reactors in Europe set to rise?

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Industrial Air Compressor Market 2022 | Scope of Current and Future Industry 2032

A large synchronous motor (power greater than 25 MW) has a rotor that typically rotates at the same rate as the machine’s rotating field. The market for large synchronous motors has experienced rapid growth in recent years. The increased use of large synchronous motors in water treatment projects and various industries around the world is expected to fuel this growth over the upcoming years.

These motors are used in many different applications, such as compressors and blowers. Given this, the demand for water treatment facilities and other activities will expand the potential application area and spur growth in the ensuing years.

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The COVID-19 outbreak and subsequent measures to contain the virus’s spread dampened demand for big synchronous motors in 2020. Nonetheless, when the industrial sector begins to revive, sales will increase up. According to the report, demand for large synchronous motors with capacities of 25 to 40 MW is expanding.

Heavy-duty applications, on the other hand, found demand for the 40 to 80 MW capacity. Throughout the forecast period, the 25 to 40 MW category will continue to account for the majority of sales, according to the analysis.

Increasing in investment in various public infrastructure projects will create lucrative opportunities for growth. For instance, the expansion of water treatment plants, especially desalination plants, will fuel the demand for large synchronous motors.

The overall market for large synchronous motors growing at a relatively slow pace post the pandemic, nonetheless, its trajectory will continue rising steadily through the course of the report’s forecast period. The three key markets for large synchronous motors are China, India, and Europe. Markets in ASEAN countries are expected to grow moderately.

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Key Takeaways

Large synchronous motor market will exhibit 2.6% y-o-y growth in 2021, backed by increasing application across diverse sectors
The U.S. will emerge as a lucrative market, thanks to expansion of mining activities. It will account for nearly 75% of sales in North America market in 2021
Within the U.K. increasing focus on water treatment will continue driving growth
Expansion of infrastructural facilities will create growth opportunities in France and Germany
China will emerge as a highly lucrative market, thanks tocontinued investments in power generation and industrial infrastructure.

“Surge in demand for 25 to 40 MW synchronous motor in recent years is expected to provide an impetus to large synchronous motor sales. High efficiency, low fuel requirement, and high performance of large synchronous motors will continue creating growth opportunities,” says FMI analyst.

Subdued Growth Likely following COVID-19 Outbreak

The COVID-19 pandemic is currently impacting the global economy at various levels and the impact is seen on large synchronous motor market as well. The Large Synchronous Motor growth is currently subdued by the COVID-19 pandemic crisis and is expected to witness a significant drop in demand till 2021.

With a number of end use industries affected in several countries, the growth of the market is challenged as well. The decelerating demand is expected to result in a significant drop in Y-O-Y growth yet FMI expects large synchronous motor to grow at a moderate CAGR through 2031.

Competitive Landscape

The market is fairly consolidated, with key 7-8 players accounting for overall market share.Some of the key players in the market are

ABB,
General Electric,
WEG,
Siemens AG,
VEM Group, among others.

These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

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Food Flavors Market Study on Key Production and Statistics with Import and Export Insights-2032

According to the recent FMI report, the sales for food flavors are expected to surpass a value of USD 16.6 Bn in 2032, rising at a CAGR of around 6.2% through the end of 2032.

Processed foods require more flavoring ingredients in their processing, which will boost the industry’s prospects. In order to improve the overall taste profile of the food, changing consumer taste perceptions are projected to raise demand for a mix of different flavor imparting components during food preparation. During the forecast period, this is projected to drive the market for food flavors.

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Citrus flavor food ingredients are becoming increasingly prominent across the world. This is due to the fact that they have a delicate and well-balanced flavor profile that harmonizes sweetness and acidity. Citrus flavors are commonly found in beverages, pastries, and confectionary, and have grown in popularity among millennials as well as older consumers who prefer more mature tastes.

Citrus flavors are increasingly being used by manufacturers of flavored water and alcoholic beverages such as beer, spritzer, vodka, and a variety of other beverages to attract more customers.

Furthermore, for the production of premium category products, a majority of major alcoholic beverage manufacturers are leaning toward citrus flavors. Food flavor sales are being driven by rising use of citrus flavors in the flavored water sector.

Consumption Analysis of Food Flavors (2017-2021) Vs Market Outlook (2022-2032)

From 2017-2021, the global market of food flavors expanded at 4.7% CAGR. Increasing health consciousness among consumers along with the ongoing trend of innovative and exotic food flavors are driving food flavor sales.

As more consumers are desiring natural food flavors and chemical-free food flavors, plant-based food flavors are becoming increasingly popular. Citrus flavors have gained immense popularity and have become a favourite. Citrus is also one of the most popular food flavors for sweet products.

Major demanding regions of food flavors Europe and North America. In both regions, well-established supply chains and logistics systems are driving market growth.

The global market for food flavors is slated to expand at 6.2% CAGR through 2032.

Competitive Landscape

Key participants in the food flavor industry use mergers, acquisitions, collaborations, and alliances to expand their operations. The use of new technologies to develop innovative goods, as well as the expansion of sales and distribution channels, are among the tactics that key market players are focusing on.

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For example,

PureCircle, the world’s leading producer and innovator of great-tasting stevia sweeteners for the beverage and food industries, introduced modern stevia, leaf-based flavor enhancers in cocoa and vanilla flavors in July 2021, allowing companies to manufacture products at a more affordable price point.

Key Companies Profiled in food flavors Market are ADM, Cargill, Sensient Technologies Corporation, Givaudan, Ajinomoto Group, Koninklijke DSM N.V., Bell Flavours & Fragrances, A&B Ingredients, DPO International Sdn. Bhd., , Kerry Group, Others

Food flavors Market by Category

By Form, Food Flavors Market is segmented as:

Powder
Liquid

By Product, Food Flavors Market is segmented as:

Natural
Artificial

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By Application, Food Flavors Market is segmented as:

Food & Nutrition
Bakery & Confectionery
Beverages
Sauces & Dressings
Dairy & Frozen Desserts
Snacks

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Large Synchronous Motor Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2031

A large synchronous motor market (power greater than 25 MW) has a rotor that typically rotates at the same rate as the machine’s rotating field. The market for large synchronous motors has experienced rapid growth in recent years. The increased use of large synchronous motors in water treatment projects and various industries around the world is expected to fuel this growth over the upcoming years.

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Key Takeaways

Large synchronous motor market will exhibit 2.6% y-o-y growth in 2021, backed by increasing application across diverse sectors
The U.S. will emerge as a lucrative market, thanks to expansion of mining activities. It will account for nearly 75% of sales in North America market in 2021
Within the U.K. increasing focus on water treatment will continue driving growth
Expansion of infrastructural facilities will create growth opportunities in France and Germany
China will emerge as a highly lucrative market, thanks tocontinued investments in power generation and industrial infrastructure.

Subdued Growth Likely following COVID-19 Outbreak

Competitive Landscape

The market is fairly consolidated, with key 7-8 players accounting for overall market share.Some of the key players in the market are

ABB,
General Electric,
WEG,
Siemens AG,
VEM Group, among others.

These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

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Fortifying Agent Market is Significantly Growing with a CAGR of 7.7% in the Duration of 2022-2032

The global fortifying agents market is set to witness growth at a CAGR of 7.7% and is anticipated to reach a valuation of around USD 168.9 Bn by 2032.

The market for fortifying agents is driven by rising consumer demand for nutritional supplements and healthy foods. Manufacturers are increasingly using fortified agents in their products as consumers become more aware of the benefits of dietary supplements with fortified nutrients for general human body development.

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Additionally, Iron deficiency anemia can be prevented by fortifying wheat and maize flour with zinc, iron, folic acid, and other minerals (IDA). Milk fortification aids in the recovery of micronutrients lost during the milk manufacturing process. The amount of micronutrients in food can be enhanced by fortification. The market demand is also expanding as a result of this.

Furthermore, one of the primary factors driving the growth of the nutritional food industry is the rising popularity of fortifying and nutritious food additives. Another factor driving the growth of the nutritional food market is increased public knowledge of the health advantages of prebiotics and probiotics. Growing demand for dietary supplements, as well as rising personal disposable income, would provide profitable growth prospects in the nutritional food sector.

Key Takeaways from Market Study

The market is segmented based on agent type, wherein vitamin is anticipated to account for around 21.2% of the market share over the forecast period.
The North American Fortifying Agents market is expected to witness a lucrative growth rate of 7.0% during the forecast period.
East Asia is inferred to account for 22.4% of the global fortifying agent’s consumption through 2032.
Fortifying Agents application in Beverages is expected to hold a market share of over 15.2% in the forecast period

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“The market is driven by the multifunctionality of fortifying agents, as well as the increased demand from the food and beverage industry. However, rising raw material costs and rivalry among raw material suppliers, as well as rules governing the manufacture of food fortifying agents, are putting a damper on the market.” says a Future Market Insights analyst.

Competitive Landscape

Joint ventures, mergers & acquisitions, and other strategic initiatives are continually being pursued by market participants. Among the large firms trying to increase their global footprints and capacities are Archer Daniels Midland Company, and Royal DSM. In a fast-growing region like East Asia and South Asia, major firms are likewise attempting to diversify their product lines to get a competitive advantage over their competitors.

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

The study offers compelling insights based on agent type (probiotics, minerals, prebiotics, vitamins, carbohydrates, others), by form (powder, liquid, and granules), by application ((cereals & cereal-based products, dairy & dairy-based products, fats & oils, bulk food items, beverages, infant formula, dietary supplements, others (bakery, confectionery products, pet food, animal feed, and pet nutrition)) across seven major regions of the world.

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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.

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Collagen Peptide Market Examine on Growth Factors Analysis and Consumer insights 2022-2032

The collagen peptide market is predicted to witness growth at a CAGR of 5.5% and reach a valuation of USD 1,079 Mn by 2032.

Collagen is one of the most prevalent proteins in the body, and it serves to give hair, nails, skin, ligaments, bones, and tendons structural support. Collagen enables to move, bend, and stretch muscles easily. Collagen is responsible for hair shine, skin freshness, and strong nails. It is comprised of amino acids, hydroxyproline, proline and arginine, which contribute to the health of connective tissue, skin, hair, and nails.

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Collagen production decreases with age and increases with the amount of stress on our bodies. Ingesting ingestible collagen as part of a well-balanced diet can aid in the regeneration of vitamins and minerals that were depleted or broken down in bodies. As a result demand for collagen peptides is expected to rise.

Collagen is used in various cosmetic products and personal care products due to its anti-ageing properties. Collagen is a vital skin component. The dermis source of collagen is responsible for the skin’s elasticity, flexibility. It helps to maintain skin firmness, plumpness, moisture and elasticity as it ages. As a result intake of collagen capsules and supplements is expected to rise. Collagen is also an important ingredient of different dietary beverages and health supplements. Due to its functional benefits, it is used as an additive in many food products. These factors are expected to further push the demand for collagen peptides.

Easy availability of different collagen peptide products and rise in disposable income is expected to generate more demand from regions like North America, Europe. Many consumers in Asia pacific are on lookout for easy consume minerals to develop good health which is expected to open doors for many new opportunities during the assessment period.

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Key Takeaways from Market Study

North America collagen peptide market is estimated to be valued at US$ 58 Mn in the year 2022 and to register a value of US$ 207 Mn in 2032, witnessing a CAGR of 5.6% in the forecast period
Market share of Latin America and Oceania is 4.4% and 3.9%, respectively, in 2022.
The European collagen peptide market is expected to reach USD at 138 Mn
Growing customer preference for healthy products that enhance body immunity against foreign pathogens is expected to increase demand for collagen peptide products across global markets.

By form, liquid collagen holds the highest market share but dry collagen peptide is expected to have a high growth rate of 5%

“Key players of collagen peptides are investing heavily in research and developmental activities to offer plant-based collagen products for consumers that prefer sustainable labels. Collagen products are expected to generate maximum revenue due to its wide end-use application and consumer willingness to spend on vitamins and minerals to maintain good health.” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers have invested substantially to gain insight into consumer preferences and develop products that fulfil consumer requirements. Mergers and alliances have been a prominent growth strategy practised by companies planning to extend their market presence in the global collagen peptide market.

Nestle Health Science acquired Vital Proteins, a Chicago-based manufacturer of collagen-based foods, beverages, and supplements. Nestle first bought a majority stake in Vital Proteins in June 2020, and the company has shown “amazing growth” over the last two years due to consumer inclination towards collagen-based products.

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

The study offers compelling insights based on Collagen Peptide Market, By Source (Bovine, Porcine, Marine & Poultry), Application (Food & beverages, Pharmaceuticals, Cosmetics), Sales Channel (Offline Sales Channel, Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Other Sales Channel, Online Sales Channel (Company Website, E-commerce Platform), Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA)

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Coffee Roaster Machine Market Study on Technology Roadmap Analysis with Supply-side Trends-2032

The global coffee roaster machine market is set to witness growth at a CAGR of 6.4% over the forecast period (2022-2032) and top a valuation of USD 2.05 Bn by 2032.

Coffee is one of the most favorite drinks across the globe. Consumers like its smell, taste and flavour which is added to the coffee by performing the roasting process. Due to this, a rise in the consumption of coffee has been seen over the past few years.

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The manufacturers have adopted the latest technology in order to address the needs of different consumers desiring varied flavors of coffee. Nowadays, an automatic coffee roaster in used to roast the coffee beans. They have microcontrollers called as ‘Arduino Uno’ installed in them which can be controlled by an android smartphone connected through Bluetooth. A smartphone can be used to control different levels of roasting. This can process the coffee beans in no time, thus increasing the demand for automatic coffee roaster machines.

The demand for coffee roaster machines is gradually increasing, not only in the commercial sector but also in the household sector. In today’s era consumers are adapted to the taste of coffee and so it has become essential to start a day.

Everyone has their own preference when it comes to drinking coffee of different varieties such as traditional espresso, filter coffee, coffee latte, mocha, cappuccino and others. Owing to this, the market for coffee roaster machine is prophesied to grow at an impressive rate due to an increased installation of such machines in the household sector.

Key Takeaways from Market Study

Europe is expected to account for the maximum value share of the global market of about 30% by 2022 end
Rising consumption of coffee in different regions across the globe is predicted to drive the sales of coffee roaster machine during the assessment period (2022-2032)
By product type, hot air roasters are expected to account for the maximum market value share of the global market by 2022 end, followed by drum roasters
In case of control segment, automatic coffee roaster machines are being preferred over manual machines
Electric roasters are expected to show a higher demand than the gas roasters in the coming decade

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“Rising number of coffee cafes and restaurants serving coffees are expected to contribute well in the growing demand for coffee roaster machines in the coming decade”, says a Future Market Insights analyst.

Competitive Landscape

Manufacturers are shifting their focus towards developing coffee roaster machines in order to address the growing consumption of coffee. The market participants are offering a varied range of coffee making equipment and solutions owing to increasing consumer’s demand for personalized products based on its usage in different locations around the world.

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Future Market Insights, in its new report, offers an impartial analysis of the global coffee roaster machine 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 (classic drum roasters, hot air roasters, centrifugal roasters, and others), capacity (up to 10 kg, 10 kg to 30 kg, 30 kg to 50 kg, and above 50 kg), control (automatic and manual), heat source (electric and gas), application (residential, commercial and industrial) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) 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.

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Canned Sardines Market Study on Key Participants with Study on Product Type, Flavor and Forecasts by 2032

The global Canned Sardines Market is set to witness growth at a CAGR of 7.6% and is anticipated to reach a valuation of around USD 14.8 Bn by 2032.

Sardines are one of the healthiest seafood because they are high in omega-3 fatty acids, vitamin B-12, calcium, and a range of other nutrients. Heart disease which has become one of the prevalent causes of death in the US can be prevented by the intake of Omega-3 fatty acids as it provides the anti-inflammatory properties.

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Sardines help to improve heart function, the immune system, cholesterol levels, cardiovascular health, brain function, lower blood sugar levels, and reduce the risk of Alzheimer’s disease.

These advantages have prompted people to include canned sardines in their everyday diets because they are convenient and healthful. Sardines are now suggested for preventing and treating various ailments in the health and nutrition markets as a result of this. The market for canned sardines is expanding as a result of these growing health benefits.

Further, manufacturers of canned sardines are focused on selling their items on the online store and increasing their promotion on the internet as the e-commerce sector grows. As consumers now are more aware of the health advantages of seafood, demand for canned foods is expected to rise.

Moreover, the businesses are also working to make seafood cans recyclable and offer certified products. Transparency and security are top priorities for businesses. Businesses are focusing on offering the greatest quality seafood as well as revolutionary canning technologies that preserve proteins and allow them to be stored for longer periods of time in response to the increased demand.

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Key Takeaways from Market Study

The market is segmented based on product type, wherein, smoked canned sardines is anticipated to account for around 51.5% of the market share over the forecast period.
The North American Canned Sardines Market is expected to witness a lucrative growth rate of 6.1% during the forecast period.

East Asia is inferred to account for 19.8% of the global Canned Sardines Market consumption through 2032.

“Rising demand for seafood with negligible mercury content and high omega-3 and vitamin D is expected to drive the Canned Sardines market.” According to the FMI analyst.

Competitive Landscape

The demand for canned seafood is being driven by rising concerns about product with both ease of convenience and healthy. Furthermore, as key brands are promoting their brands with sustainable packaging which is environmentally safe and energy-efficient technology, it is likely to have a substantial impact on the market.

Some of the key players operating in the Canned Sardines Market Crown Prine, Santo Amaro, Brunswick, Matiz, MW Polar, Ocean Price, Nuri, Thai, Union Group (TUF), Bumble Bee Food, Natural Sea, Frinsa del Noroeste, Ongreen Thailand Co, Ligo, Wild Planet, Century Pacific Food, Hagoramo and Goody and others

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Explore More Valuable Insights

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

The study offers compelling insights based on the canned sardines market by product type (smoked, cooked), by flavor (with olive oil, with sunflower oil, with tomato sauce, with salt and water (brine), with extra virgin oil, others (soy sauce, vegetable oil, natural oil)), by claims organic, kosher, non gmo, no preservatives and others, by distribution channel food service, travel retail, retail & region across seven major regions of the world.

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Tritium Light Source Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2031

Global tritium light source sales are set to be valued at US$ 206.4 Mn in 2021, with a stable long-term projection, according to the latest insights from Future Market Insights (FMI), ESOMAR-certified research and consulting firm. The report estimates the global tritium light source market to grow at nearly 2.3% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tritium light sources market growth that will evolve in the next decade.

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Demand for tritium light sources was moderate in 2020. The COVID-19 outbreak also caused the demand from key end-use sectors such as defense and aerospace, industrial infrastructure, and civil and commercial to decelerate. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.

According to FMI, the market will remain steady backed by the demand for the defense & aerospace sector. The industry is projected to exhibit high demand for new technologies including tritium sources. The demand is expected to be especially high in emerging countries from the Asia Pacific such as China, India, Indonesia, and others. Rapid growth in the civil and commercial sector in urban as well as semi-urban areas in this region will also contribute towards the growth of the market

Key Takeaways

After negative growth in 2020, the market will register a positive 2% Y-o-Y growth in 2021
Backed by the presence of a strong military & defense sector, the U.S. will account for nearly 70% of sales in North America in 2021
Despite being a leading market, the U.K. will register a moderate 2.5% Y-o-Y growth in 2021
Germany is forecast to register sluggish growth in demand, while growth in France will remain steady
The increasing defense budget will continue boosting sales in China, followed by Japan and South Korea

“Rise in demand for self-illumination in recent years is expected to provide an impetus to tritium light sources sales. Besides this, the demand from the supplier side and from the end-use industries across the globe is propelling the tritium light sources market growth. The decrease in availability of tritium on a global scale might impact the pricing of the tritium light source. The U.S. NRC is implementing regulations for decreasing the production of tritium, which might affect growth in the coming years” says FMI analyst.

North America to Continue Exhibiting High Demand

Developments in commercial, civil, and defense aviation across the globe have set the platform for growth in the market and are among the key factors shaping the growth of the industry. North America, which approximately holds one-third of the market is expected to continue to the trend in the forecast period. The tritium light source industry is expected to grow in U.S., post-pandemic due to its usage in exit signs in various public spaces such as theatres, hallways, and corridors. Along with the usage of tritium light sources in industrial applications, the tritium light sources market in China is expected to grow attributed to its sales of GTLS in novelty items like key chains, and navigational items such as compasses.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Evenlite Inc, Cammenga, Beta Light, ITTSAN GTLS, MB Microtec AG, SRB Technologies, and Trijicon.

Scope of the Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered	US, Canada, Mexico, Brazil, Germany, Italy, France, U.K., Spain, Russia, BENELUX, NORDICS, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered	Motor Winding, Application, End-Use, and Region.
Key Companies Profiled	Evenlite Inc. Cammenga Betalight b.v. ITTSAN GTLS MB Microtech AG SRB Technologies Trijicon
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

The tritium light source market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of defense and aerospace equipment that meet the personalized requirements of consumers. Collaboration with regional defense and aerospace as well as civil and commercial companies is a prime strategy expected to magnify in the forecast period.

Valuable Insights into Tritium Light Sources Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global tritium light source, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the tritium light source market based on visible color (yellow, green, red, orange, blue, white, and purple ), application (Directional Markers and Navigation Aids, Aviation Markers (in-flight refueling, helicopter rotor, warning lights/markers, firearm accessories, watch dials/ watches, and glow pads), and end-use (civil and commercial, industrial, defense and aerospace) across six major regions.

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