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Strapping Devices Market: Growing Need for Secure Packaging Solutions Boosts Sales

The global strapping devices market is expected to be worth US$ 4.71 billion by 2023. Between 2023 and 2033, the market is projected to expand at a 4.7% CAGR, reaching a value of US$ 7.46 billion. The strapping devices industry is propelled by the growing demand for secure and efficient packaging solutions in various sectors, such as logistics, manufacturing, and e-commerce. As businesses strive to optimize their supply chains and enhance product protection during transit, the need for reliable strapping devices has surged.

Strapping devices have increased the packaging efficiency of the goods. For goods that ship on pallets, strapping offers an additional source of confinement. Products are strapped to the pallet, which reduces the possibility of spillage or collapse.

Straps create uniform containment around the load and help fasten boxes to the pallet when used with corner boards. Strapping devices are widely used in thriving industries such as food & beverages, shipping & logistics, e-commerce, etc., that require packaging solutions, which save time and are safe and secure.

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Key Takeaways from the Strapping Devices Market:

The top 3 countries are expected to hold approximately 35% to 40% of the market share by 2023.
Due to its cost-effective features, the vertical strapping devices segment is estimated to account for around 60% of the market share by 2033.
Automatic strapping devices are projected to lead the market, accounting for around 42% of the value share by 2023.
The food & beverages segment will continue to dominate the global strapping devices market, creating an incremental opportunity of US$ 963.5 million through 2033.
Germany’s strapping devices market is projected to create an absolute incremental opportunity of US$ 142.0 million during the forecast period, driven by the rapid expansion of the food and beverage industry.
India’s strapping devices market is expected to grow 1.8 times the current market value during the forecast period, fueled by rapid industrialization and booming e-commerce.
The strapping devices market is projected to grow at a CAGR of 6.8% in Japan during the forecast period.

What are Key Players Doing to Thrive in the Strapping Devices Market?

The strapping devices industry is highly competitive, with several key players vying for market dominance. Manufacturers in this sector focus on innovation, strategic partnerships, and expanding their product portfolios to gain a competitive edge. Here are some of the leading companies shaping the competitive landscape:

Mosca Direct Ltd: Known for its expertise in strapping devices, Mosca Direct Ltd. is a renowned player in the market. The company offers various strapping devices, pallet strapping machines, and plastic straps. Mosca Direct Ltd. is also committed to sustainability initiatives and has introduced interactive technology to enhance its virtual presence globally.
Samuel, Son & Co.: A packaging giant headquartered in Canada, Samuel, Son & Co. is rapidly gaining momentum in the strapping devices market. The company’s range includes metal processors and advanced packaging devices like strapping machines. Samuel, Son & Co. regularly invests in acquisitions to expand its presence in Mexico and North America.
Signode Industrial Group LLC: Another major player in the strapping devices space is Signode Industrial Group. The company offers a diverse range of end-of-line packaging products and has built a strong global presence. Signode Industrial Group is dedicated to sustainability initiatives through its Twentyby30 Program, which involves incorporating 20 goals and completing them by 2030.
StraPack, Corp.: StraPack, Corp. is a significant player in the market known for its innovative strapping machines. The company’s focus on developing automatic strapping devices that offer more control, consistency, and efficiency has contributed to its prominence in the industry.
Transpak Equipment Corp.: Transpak Equipment Corp. is actively contributing to the growth of the strapping devices market. The company introduced a new machine in the pallet strapping range to enhance its product offerings. Transpak’s continuous efforts to introduce innovative strapping devices for multiple tasks have helped expand its market size.
North Shore Strapping Inc.: North Shore Strapping Inc. is a key player in the strapping devices industry. The company offers a variety of strapping solutions catering to diverse end-use industries. Its commitment to quality and customer satisfaction has earned it a strong market presence.

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These companies are just a few examples of the dynamic and competitive landscape within the strapping devices industry. With the increasing demand for efficient and reliable packaging solutions, competition among manufacturers is expected to remain fierce as they continue to innovate and expand their market presence.

Strapping Devices Market by Category

By Operation:

Manual
Semi-Automatic
Automatic

By Device Type:

Horizontal Strapping
Vertical Strapping

By End Use:

Food & Beverage
E-commerce
Healthcare
Homecare
Electrical & Electronics
Personal Care & Cosmetics
Shipping & Logistics
Printing & Publication

By Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Processed Beef Market Expected to Surge to US$ 314.5 Billion by 2033, According to FMI Study

The Processed Beef market refers to the global industry involved in the production, distribution, and consumption of various processed beef products. Processed beef refers to meat that has undergone specific treatments, such as curing, smoking, canning, or other methods, to improve its shelf life, taste, and convenience for consumers. These products can range from canned beef and beef jerky to sausages, deli meats, and frozen beef burgers.

By 2033, the processed beef market is expected to account for about US$ 314.5 billion, up from a market share of US$ 133.4 billion in 2023. This is anticipated to increase market share and post a 9% CAGR between 2023 and 2033.

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In the global food and beverage industry, innovation and new product creation are based on strong natural, health, and sustainability credentials. Products manufactured with healthier components and labeled with assurances of little processing or demonstrable health advantages from natural ingredients appeal to consumers, particularly in developed economies with higher income and an aging population. In reaction to this trend, of start-ups and established companies alike within the processed beef market are focusing on innovations.

Furthermore, the health halo surrounding plant-based components and goods, as well as consumer demand for natural and plant-based products might have a negative influence on processed beef sales. While people are becoming more informed and savvy about their food choices, they are increasingly opting for chemical-free meals such as organic processed beef. As a result, customer preference for natural and organic processed beef is on the rise.

Key Takeaways from the Processed Beef Market Study:

North America processed beef market leads the global market, accounting for 31.9% of overall processed beef sales in 2021.
Chilled processed beef will remain in high demand. It accounted for a share of 79.2% in the global market in 2021.
Based on nature, demand for organic processed beef will grow at a CAGR of 9.2% during the forecast period (2021-2031).
In terms of buyer type, household and residential segment accounted for 57.5% of the market share in 2021.
Among sales channel, sales via supermarket/hypermarket is anticipated to grow at a CAGR of 6.3% during the forecast period.

“The top competitors in the processed beef market are introducing novel technologies to facilitate the production of processed beef with enhanced shelf life, texture, and flavor. Besides this, some are expanding their footprint in emerging nations to gain competitive edge,” said a lead FMI analyst.

Convenience Offered by Processed Beef is the Key Factor Driving Sales

The increasing income of consumers has fueled demand for processed beef products. Furthermore, consumers choose convenient foods that do not require additional time for cooking or preparation due to the hectic nature of city living. The increasing popularity of ready-to-eat meat is also a major driver of the global processed beef market.

Who is winning?

Some of the leading companies offering processed beef are JBS SA, Hormel food, Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp and others.

In order to gain competitive edge, manufacturers are focusing on making processed beef healthier. Besides this, they are focusing on acquiring international certification to woo consumers from around the world.

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Get Valuable Insights into the Processed beef Market

By Form

Chilled
Frozen
Shelf Stable

By Nature

Organic
Conventional

By Buyer Type

Food Processor & Manufacturers
HoReCa Sector
Household and Residential Buyers

Sales Channel

Traditional Grocery Stores
Supermarket/Hypermarket
Internet Retailing
Convenience Store
Discounters
Other Sales Channel

By Region

North America
Latin America
Europe
Asia Pacific
Oceania
Middle East & Africa
Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Unraveling Growth Opportunities: Galacto Oligosaccharide (GOS) Market Assessment and Forecast Till 2029

A chain of galactose molecules combined with glucose molecules makes up the galacto oligosaccharide market, which is largely contained in the lactose in cow’s milk as well as some root vegetable species and bean types. Galacto oligosaccharides travel to the colon in an undigested form, promoting the development of good bacteria and bowel movement.

Major companies are focusing on research and development to bolster product portfolios, while being in sync with the current trends of the industry. This in turn is expected to support the expansion of the GOS market through the forecast period of 2019-2029.

“Companies need to focus on newer emerging applications in adult nutrition and animal feed. Since the production of GOS is concentrated only in a few countries, companies need a stronger distribution network and sales channels for timely delivery of products to end-user industries,” says the FMI analyst.

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Key Takeaways of the Galacto Oligosaccharides Market Study

Galacto oligosaccharide is used primarily as a prebiotic ingredient accounting for more than 96 % of the overall market share. While still in a nascent stage, the function of GOS as a sweetener is projected to grow at an impressive CAGR nearing 11 % through the forecast period.
In terms of end user industries, most galacto oligosaccharides products are used in the food and beverage sector, for human consumption, most of which goes into formulations of dietary supplements, followed by dairy products. The use of GOS in animal feeds is fairly new. However this end use application will grow by a strong CAGR of 8.7 %.
Europe is the largest market for galacto oligosaccharides accounting surpassing 40 % of the overall market. On the other hand, the APEJ region currently accounts for more than 25 % of the global market is rising at a CAGR surpassing 9.5 %, owing to higher awareness about prebiotics and the development of plant based GOS.
Pharmaceutical and personal care applications are also expected to go up with a strong CAGR approximating 8.4 %, with the growth of the nutraceuticals sector, and consumer inclination towards probiotics and prebiotics.

Galacto oligosaccharide GOS products are primarily available in powders and liquid formulations. Of these liquid GOS products are projected to dominate the industry with over 62 % of the global market share through the end of 2029. This can be attributed to a wider spread of applications including products such as fermented milk, yogurt, and more. On the other hand, powdered galacto oligosaccharides are anticipated to grow at a faster rate owing to increased adoption in nutraceutical and infant food formulations.

Get Valuable Insights into Galacto Oligosaccharides Market

Future Market Insights, in its latest report, presents an unbiased analysis of the global galacto oligosaccharides market, covering historical data and forecast figures for the period between 2019 and 2029. The study provides insights into the growth witnessed in the market. In terms of product type, the market is bifurcated into liquid and powder. On the basis of primary function, the market is split between prebiotic and sweetener. Based on end user, the market can be segmented into food and beverages, pharmaceuticals and personal care, and animal feeds. Regionally, the global market can be segmented into North America, Latin America, Europe, APEJ, Japan, and the Middle East and Africa.

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Market Segmentation

The global galacto oligosaccharides market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Liquid
Powder

Primary Function Type

Prebotic
Sweetener

End-User

Food & Beverage
- Dietary Supplements
- Bakery Products
- Dairy Products
- Others
Animal feeds
Pharmaceutical and Personal care

About Future Market Insights (FMI)

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automotive Tape Market Propelled by Eco-Friendly Tapes and Technological Advancements | Says FMI

The automotive tapes market is forecast to experience a growth of 4.1% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 3991.0 million in 2024

The automotive tape market is experiencing a remarkable surge, fueled by the emergence of eco-friendly tapes and rapid technological advancements. These developments not only enhance sustainability but also elevate the quality and performance of automotive tapes, driving significant growth and innovation within the industry.

Demand for low Volatile Organic Carbon (VOC) automotive tapes is driven by strict environmental regulations and high consumer consciousness. The market is also finding new opportunities with the introduction of high-performance automotive tapes for the latest applications.

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Conventional fastening systems, like screws, bolts, rivets, etc., are prone to collapsing under high pressure due to their tensile stress, making them ineffective and unreliable. As a result, conventional ones are being replaced by adhesive automotive tapes.

Since these tapes help prolong the product’s lifespan, the traditional fastening systems have become obsolete now. These tapes also help in the removal of corrosion and rust, lowering of noise and vibration, lessening the production and assembly time, and enhancement of product design. Such attributes are expected to enhance productivity and efficiency and cut material and production costs, which is expected to augment market growth.

Top Highlights from the FMI’s Analysis of the Automotive Tapes Market:

The automotive tapes industry in North America makes a sizeable contribution to the global market. The regional market is filled with few big global players. Factors like process innovation, research and development, and large-scale automobile production are expected to propel the market.
Europe is expected to observe significant growth in the automotive tapes industry. Huge emphasis on the creation of more efficient and lightweight vehicles is pushing the sales of automotive tapes in countries like the United Kingdom and Germany.
The Asia Pacific is expected to display a robust growth rate in the upcoming years. Surging discretionary income, along with robust urbanization, is projected to boost the demand for automobiles, thus creating lucrative prospects for the market.
Australia is emerging as a budding market for automotive tapes. The country is projected to observe production growth due to intensifying competition driven by new market entrants.

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News Segment: Key Developments Shaping the Market’s Future

BASF SE and Toray Advanced Composites entered a contract deal in August 2019 to manufacture and supply continuous fiber-reinforced thermoplastic (CFRT) tapes for industrial and automotive markets. Toray Advanced Composites is forecast to produce affordable, high-quality CFRT tapes via Ultramid engineering thermoplastics generated and manufactured by BASF SE. This agreement is expected to improve manufacturing capacity by offering commercial availability of CFRT materials for end-users.
BASF SE enlarged its manufacturing capacity for UV acrylic hotmelts, vended by acResin, by constructing another production unit at the Ludwigshafen site in Germany in March 2019. acResin is deployed to develop pressure-sensitive items that consist of adhesive tapes for the construction and automotive sectors. This expansion is projected to invigorate the market position of the company.

Global Automotive Tape Market by Category

By Product:

Security Labeling Tapes
Masking Tapes
Cable Mounting Tapes
Surface Protection Tapes
Wire Harnessing Tapes
Paint Protection Tapes
Automotive Electronics Tapes

By Material:

Polyester
Polyurethane
Polyvinyl Chloride
Polyethylene
Fluoropolymer

By Application:

Interior
Exterior
Wire Harnessing

By Side:

Double Sided
Single Sided

By Adhesive:

Rubber-based Adhesive
Acrylic-based Adhesives
Silicon-based Adhesive
Hot Melt Adhesive

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltic Countries
Middle East & Africa

About Future Market Insights Inc. (FMI)

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Vitamin Gummies Market Anticipated to Sustain Solid 6.5% CAGR by 2033, FMI Reports

According to FMI, the vitamin gummies Market is likely to generate US$ 4050 million by 2023. A CAGR of 6.5% is forecast for the market between 2023 and 2033, indicating a US$ 7352.3 million market. As multivitamin gummy provides critical support for all-around health and well-being demand for these gummies is expected to grow in demand. As convenient and enjoyable forms of vitamin and mineral intake, they contribute to optimal body function by filling nutrient gaps.

Gummies such as these are especially valuable for people who follow strict diets, have a difficult time eating, or are busy. As a result, they ensure that the essential nutrients are received, which support vitality and proper body function. Research is being conducted on vitamin gummies in order to increase their demand. Increasing investments are being made in this research, which is increasing the demand for vitamin gummies. The demand for diet alternatives that are healthy and balanced is driven by supplements.

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Gummies have garnered a great deal of attention in the beauty and wellness industry over the last few years with the advent of Covid-19 last year. In addition to providing multiple vitamins, gummies can also help regenerate hair and skin.

Key Takeaways from the Market Study

The global market for vitamin gummies is expected to reach US$ 6903 million by 2032.
Globally, the United States accounted for 24.7% of the vitamin gummies market share in 2022.
The market for vitamin gummies is expected to rise by 6.3% CAGR between 2022 and 2032.
China accounted for an 11.2% CAGR in 2022, indicating continued growth in the market.
According to projections, the Japanese market accounted for 4% of the global market by 2022.
In 2022, Germany was responsible for 7.2% of the global market share for vitamin gummies in the market.
The vitamin gummies market generated a CAGR of 6% between 2018 and 2022.

“Vitamin gummies will enjoy sustained demand for years to come due to their innovative flavors and attractive packaging. Natural products and premium pricing are expected to drive vitamin gummies’ growth in the market.” says an FMI analyst.

Top Players in the Vitamin Gummies Market:

BAYER AG
Pharmavite
SmartyPants Vitamins
Wellnext Health
Church & Dwight Co. Inc.
Life Science Nutritionals
Taura Natural Ingredients Ltd.
Viva 5 Corporation
Olly Public Benefit Corporation
Nowamyl

Competitive Landscape

The business of vitamin gummies is growing as many companies form strategic partnerships and collaborate with other businesses. There is a growing trend among vitamin gummies market players to invest heavily in research and development, to develop new products, to expand their geographic presence, as well as to establish partnerships in order to grow their customer base.

On March 2023, SmartyPants Vitamins announced the launch of its most innovative multivitamin to date—SmartyPants Sugar-Free Multi & Omegas. The Sugar-Free Multi & Omegas from SmartyPants don’t contain sugar alcohols like other sugar-free gummies. In addition to having zero grams of sugar and zero grams of net carbohydrates, this new all-in-one supplement is sweetened using monk fruit extract and allulose to avoid digestive upset.
On April 2023, Centrum launched gummies with specialized nutrition in India. Now in India, the company offers a wide range of enjoyable gummies packaged in a high-science supplement format – ‘Benefit Blends’. As Indian consumers live a hectic lifestyle, there are several nutrition gaps that are emerging. According to the company, the new specialized nutrition line is 100 percent vegetarian, gluten-free by nature, and non-habit forming.

Know More about What the Vitamin Gummies Market Report Covers

Future Market Insights offers an unbiased analysis of the global vitamin gummies market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the vitamin gummies market, the market is segmented based on product type, customer orientation, source, packaging type, and sales channel industry type across six major regions.

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Vitamin Gummies Market Segmentation

By Product Type:

Single Vitamin Gummy
- Biotin
- Omega & DHA
- Vitamin C
- CoQ10
- Vitamin D
- Melatonin
- High Fibre Formulas
Multivitamin Gummy
Probiotic Vitamin Gummy
- Bacillus Coagulans
- Lactobacillus
- Bacillus Subtilis
- Others (Yeast Etc.)

By Customer Orientation:

Children
Adult
- Men
- Women

By Source:

Animal Based
Plant-Based

By Packaging Type:

Bottles & Jars
Stand-Up Pouches
Other Packaging Type

Sales Channel:

Direct Sales
Modern Trade
convenience Store
Departmental Store
Specialty Store
Drug Store/Pharmacies
Online Retailers
Other Sales Channels

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Fortified Yeast Market Anticipates Impressive Expansion, Averaging 13.5% CAGR Through 2022 to 2032

Fortified yeast is a specialized form of yeast that has been enhanced with various nutrients, vitamins, and minerals to provide added health benefits. It is widely used as a functional ingredient in the food and beverage industry to enrich products with essential nutrients and improve their nutritional profile. The fortified yeast market has experienced significant growth in recent years, driven by the increasing consumer demand for healthier and functional food options.

According to the recent FMI report, the sales for fortified yeast are expected to surpass a value of USD 367.1 Bn in 2032, rising at a CAGR of around 13.5% through the end of 2032.

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Due to the global incidence of celiac disease, demand for gluten-free food items is increasing in the global food and beverage sector. Celiac disease is an autoimmune illness in which a person’s immune system reacts to a specific gluten protein, causing inflammation and damage of the small intestine’s inner lining, or villi. Following a gluten-free diet is the recommended treatment for celiac disease which is, therefore, boosting the adoption of fortified yeast.

Fortified yeast is a gluten-free food component that can be used in 100 percent gluten-free recipes. It is grown primarily for nutritional value and is naturally gluten-free because it lacks barley, which is commonly found in brewer’s dried yeast.

Apart from that, consumers are influenced by the prevalence of chronic diseases such as diabetes, high cholesterol, obesity, and cardiac arrests to adopt specific diets in order to reduce their risk of developing such diseases. According to the World Health Organization, diabetes claimed the lives of 1.6 million people in 2016 and 1.9 billion adults were overweight.

According to the World Health Organization, over 17 million people die each year as a result of heart attacks and strokes. Nutrition plays an important part in sustaining a person’s good health, according to studies, and a balanced diet (RDA) can help minimize disease risk. This is posing a positive impact on the fortified yeast market in various parts of the world.

Positive consumer perceptions of salt-free or low-sodium food products’ significance in blood pressure management promote sales of salt-free foods. Fortified yeast has a low sodium level by nature, and manufacturers of nutritional yeast are expected to profit handsomely from the current trend.

Key Takeaways from the Nutritional Yeast Market Study:

North America is the leading region for the fortified yeast market, owing to the growing number of vegetarians and vegans who are gravitating toward nutritional yeast products, which is fueling the industry’s growth. North American nutritional yeast market stands at a market value of USD 26.4 Mn in 2022.
Fortified yeast products are gaining a positive reputation because of social media platforms like Instagram and Twitter. Food bloggers are pushing other goods, such as fortified yeast, and posting new recipes that employ nutritional yeast.
In EFSA’s evaluations of the safety of nutrient sources added to food supplements, the ULs defined by EFSA and the former Scientific Committee on Food (SCF) are used as a reference under EU regulation. EFSA assists the European Commission in determining maximum limits for vitamins and minerals in dietary supplements and fortified foods throughout this process.
Northern & Eastern Europe fortified yeast market stands at a market value of USD 23.7 Mn in 2022 and is expected to rise at a CAGR of 6% by 2032.
The most important factors of choosing fortified yeast products are freshness (taste or smell), quality, and price. The importance of the price grows with the increasing age of respondents and decreases with the increasing income of questioned consumers.

“The players in the fortified yeast market can keep a stronghold on the developments in the market posing opportunities for the application of fortified yeast. The major businesses are concentrating their efforts on new releases and significant investments in R&D. These actions give them a much-needed competitive advantage over their competitors. They are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency.” said a lead analyst at FMI.

Who is winning?

Key players operating in the global fortified yeast market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering fortified yeast are Quantum Nutrition Labs, Angel Yeast, Alltech, Lesaffre, Bob’s Red Mill Natural Foods, Kadac Pty Ltd., Bioforce Canada Inc., NOW Foods, Lallemand Inc., Cypress Ingredients, and Other.

Get Valuable Insights into the Fortified Yeast Market

FMI, in its new offering, provides an unbiased analysis of fortified yeast presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

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Fortified Yeast Market by Category

By Nature, Fortified Yeast Market is Segmented as:

Organic
Conventional

By Form, the Fortified Yeast Market is Segmented as:

Powder
Flakes
Tablet
Capsule

By Application, the Fortified Yeast Market is Segmented as:

Food & Beverage
- Bakery & Confectionery
- Beverages
- Soups, Sauces, & Seasonings
- Functional Foods
Dietary Supplements
Personal Care
Other Applications

By Region, the Fortified Yeast Market is Segmented as:

North America
Latin America
Western Europe
North & Eastern Europe
APEC
MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Chicory Roots Sector Poised for Growth, Anticipating US$ 987.6 Million Value by 2033

A report by Future Market Insights projects that over the projected period, the market for chicory roots will expand at a compound annual growth rate (CAGR) of 4.1%. It is anticipated that the industry will increase in value from US$ 660.8 million in 2023 to US$ 987.6 million in 2033. The Chicory Roots Market was estimated to be worth US$ 634.2 million by the end of 2022.

As health-conscious consumers continue to seek natural alternatives to traditional food products, the chicory roots market is experiencing an unprecedented surge in demand. Chicory roots, renowned for their diverse health benefits and culinary versatility, are now capturing the attention of a wider audience than ever before.

Chicory roots, often overlooked in mainstream culinary culture, are gaining traction due to their rich flavor profile and numerous health advantages. From aiding digestion to promoting heart health, chicory roots are hailed for their potential to enhance overall well-being.

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Key factors driving the chicory roots market expansion include:

Health Consciousness: With an increasing emphasis on personal health and wellness, consumers are actively seeking functional foods that offer tangible benefits. Chicory roots, packed with prebiotic fibers and other essential nutrients, fit seamlessly into this trend.
Culinary Innovation: Chefs and home cooks alike are embracing chicory roots as a versatile ingredient in various cuisines. From roasted chicory root coffee to chicory salads and soups, the culinary possibilities are endless, appealing to a wide range of palates.
Sustainability: As sustainability concerns continue to shape consumer preferences, chicory roots emerge as an environmentally friendly choice. With minimal environmental impact compared to some traditional crops, chicory root cultivation aligns with the growing demand for eco-conscious products.
Research and Development: Ongoing research into the health benefits of chicory roots is shedding light on their potential applications in functional foods and dietary supplements. This increased scientific understanding is driving further interest and investment in the chicory roots market.

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In response to this growing demand, suppliers and producers are ramping up production to meet consumer needs while ensuring the highest quality standards. From small-scale farms to large agricultural enterprises, stakeholders across the chicory roots supply chain are collaborating to capitalize on this burgeoning market opportunity.

As the chicory roots market continues to evolve, industry experts anticipate further innovations and collaborations that will shape the future of this dynamic sector. With its combination of health benefits, culinary appeal, and sustainability credentials, chicory roots are poised to remain a staple in the diets of health-conscious consumers worldwide.

Key Companies Profiled:

Cargill, Incorporated; BENEO; Shaanxi Sciphar Natural Product Co Ltd; Jarrow formulas; Starwest Botanicals; Delecto Foods Private Limited; COSUCRA; Reily Foods Company; STOKROS Company Ltd; Natures Gold; Organic Herb Trading; Herbs & Crops Overseas

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Sea Bream Market Set to Surge with 9.4% CAGR by 2033, Riding High on Sustainable Seafood Preference | FMI

The sea bream market is expected to grow from US$ 834.5 million in 2023 to US$ 2,057.2 million by 2033, with a CAGR of 9.4% from 2023 to 2033.

The sea bream market has expanded significantly as a result of numerous factors. Key factors include rising consumer interest in sustainable solutions and increased public understanding of the health benefits of seafood. Additionally, improved fish farming techniques and aquaculture practices have increased sea bream availability and productivity.

The market is constrained by price volatility and potential environmental effects. Threats include competition from several other seafood varieties and different protein sources. On the other hand, there is potential to take advantage of developing markets, investigate fresh avenues for distribution, and create ground-breaking sea bream goods to satisfy changing consumer expectations.

The market also gains from cultural ties and a worldwide audience, boosting its appeal to domestic and foreign customers.

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Market Opportunities

The sea bream market presents growth opportunities by targeting emerging economies, exploring e-commerce distribution channels, and developing innovative products. Expanding into markets with evolving consumer preferences and increasing disposable incomes can tap into new customer bases. Online platforms can provide convenient access to Sea Bream products, reaching a wider audience.

Developing unique and convenient Sea Bream offerings caters to changing consumer needs. Additionally, highlighting the sustainability of Sea Bream production appeals to environmentally conscious consumers. These opportunities contribute to the market’s sustained growth and expansion potential.

Key Takeaways

The sea bream sector expanded at a CAGR of 9.4% from 2023 to 2033.
By 2022, China’s sea bream market is projected to expand, with a CAGR of 4.3%.
In 2022, the United States dominated the sea bream market with a share of 19.6%.
In 2022, Germany expanded significantly in the sea bream market business, with a share of 13.5%.
Japan emerged as a dominant player in the sea bream market in 2022, securing a substantial 0.7% market share.

“With its delicate flavor and versatile culinary applications, Sea Bream continues to witness robust demand among consumers and restaurateurs alike, making it a valuable asset within the global seafood industry.” – Research lead at Future Market Insights.

Competitors Winning Strategies

Competitors in the sea bream business are using intelligent tactics to get an advantage and take a more significant chunk of the market. To meet changing consumer demands, they first concentrate on product diversification by providing a wide selection of sea bream goods. This entails offering value-added choices, ready-to-cook selections, and unusual flavor pairings.

Additionally, rivals are increasing the reach of their sea bream products by partnering with retailers, wholesalers, and e-commerce platforms to extend their distribution networks. Another effective tactic for attracting customers who care about the environment is emphasizing ethical and sustainable fishing methods.

Competitors can differentiate their services and draw customers looking for real seafood experiences by utilizing cultural associations and regional specialties. Research & development spending also promotes product innovation, quality enhancements, and packaging developments.

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Recent Developments

Several factors are causing the sea bream market to expand. First off, as a result of the growth of aquaculture, sea bream output has expanded. This is because sea bream is raised in controlled surroundings, making it a more sustainable seafood alternative.

Second, the popularity of sea bream, which can be farmed sustainably, has increased as a result of the rising demand for sustainable seafood among ecologically concerned consumers. Additionally, Sea Bream’s consumer base is growing as it gains momentum in new areas like China and India.

Finally, the introduction of fresh goods that include sea bream, like burgers, sushi, and snacks, is increasing demand and elevating sea bream’s appeal.

What key players are doing in Sea Bream Market?

Amacore B.V. is a Dutch company that is a leading producer of sea bream. They have operations in Greece and Turkey and supply sea bream to customers in Europe and Asia.
Corfu Sea Farm S.A. is a Greek company that is a leading producer of sea bream. They have operations in Corfu, Greece, and they supply sea bream to customers in Europe and the Middle East.
Avramar is a Spanish company that is a leading producer of sea bream. They have operations in Spain and Morocco and supply sea bream to customers in Europe and North America.
The Nissui Group is a Japanese company that is a leading producer of sea bream. They have operations in Japan, China, and Vietnam and supply sea bream to customers in Asia and Europe.
Philosofish S.A. is a Greek company that is a leading producer of sea bream. They have operations in Greece and Italy and supply sea bream to customers in Europe and the Middle East.

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Sea Bream Market by Category

By Nature:

Organic
Conventional

By Product Type:

Red Bream
Gilt-head Bream
Black Bream
Pandora Bream
White Bream

By Size:

Large
Medium
Small

By Packaging Type:

Fresh
Frozen
Canned
Others

By Sales Channel:

B2B / HoReCa
B2C
- Hypermarkets /Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Discount Stores
- Food & Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Others Retail Formats

By End Use:

Food Industry
Retail Industry
Pet Food Industry
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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White Pepper Market Shows Robust Growth and Promising Future Amidst Global Culinary Trends by 2033

The global white pepper market is witnessing substantial growth, fueled by the increasing demand for exotic flavors, culinary innovation, and the rising popularity of diverse cuisines worldwide. White pepper, known for its subtle yet distinct flavor profile, is carving out a prominent place in kitchens and restaurants globally.

A report conducted by Future Market Insights projects that over the projected period, the White Pepper market will expand at a CAGR of 4.0%. From US$ 4,935.3 million in 2023 to US$ 7,305.4 million in 2033, the industry is predicted to increase in value. The White Pepper Market was estimated to be worth US$ 4,678.0 million by the end of 2022.

One of the key factors driving the white pepper market is the rising consumer awareness regarding the health benefits associated with its consumption. White pepper is rich in antioxidants and possesses antimicrobial properties, making it a sought-after ingredient among health-conscious consumers. Additionally, its versatility in various cuisines, ranging from Asian to Western dishes, further contributes to its widespread adoption.

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The global food industry’s dynamic landscape, characterized by a surge in gourmet dining, food tourism, and the emergence of fusion cuisine, is also propelling the demand for white pepper. Chefs and food enthusiasts alike are exploring new flavor combinations, wherein white pepper plays a pivotal role in enhancing taste profiles and creating memorable culinary experiences.

Furthermore, the increasing disposable income, particularly in developing regions, is driving the demand for premium food products, including white pepper. As consumers seek higher quality and authenticity in their culinary experiences, the market for premium spices continues to expand, presenting lucrative opportunities for stakeholders across the supply chain.

In response to the evolving market dynamics, key players in the white pepper industry are focusing on product innovation, sustainable sourcing practices, and strategic partnerships to maintain a competitive edge. Collaborations with local farmers, investments in research and development, and adoption of eco-friendly packaging solutions are some of the initiatives undertaken to meet consumer expectations and address sustainability concerns.

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Despite the challenges posed by the COVID-19 pandemic, the white pepper market has demonstrated resilience, with online retail channels playing a crucial role in ensuring continuity of supply and reaching consumers directly. Additionally, the growing trend of home cooking and culinary experimentation during lockdowns has further propelled the demand for premium spices, including white pepper.

Looking ahead, the white pepper market is poised for continued growth, driven by evolving consumer preferences, culinary innovation, and the expanding global food industry. With a focus on quality, sustainability, and innovation, the industry is set to capitalize on emerging opportunities and redefine the culinary landscape.

Key Players:

United Spice Co.Ltd; Everest Spices Company; McCormick & Company, Inc.; The British Pepper and Spice Co. Ltd.; Olam International Limited.; Vitagreen Products Pvt. Ltd.; MDH Pvt. Ltd.; Kancor Ingredients Ltd.; Maxrotth Global Foods Pvt Ltd; Akay Spices Pvt. Ltd.; Ajinomoto co. Inc.; Hexa Food Sdn.Bhd.

White Pepper Market by Category

By Product Type, White Pepper Market is segmented as:

Organic
Conventional

By Form Type, White Pepper Market is segmented as:

Ground White Pepper
Whole White Pepper
Rough Cracked White Pepper

By Application, White Pepper Market is segmented as:

Food & Beverage
Personal care
Healthcare

By Distribution Channel, White Pepper Market is segmented as:

Departmental Store
Grocery Store
Modern Trade
Online Retail

By Region, White Pepper Market is segmented as:

North America
Latin America
Europe
Asia Pacific
Oceania
Middle East & Africa (MEA)

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Clean Label Craze Propels Modified Starch Market to Projected $21,806.2 Million by 2034, Forecasts FMI Analysts

The modified starch market size is poised to cross US$ 13,780.3 million in 2024 and is likely to attain a valuation of US$ 21,806.2 million by 2034. The modified starch market is projected to thrive at a staggering CAGR of 4.7% from 2024 to 2034.

A growing percentage of consumers are gravitating toward clean-label products because of their affinity for natural ingredients and transparency. As a result, there is a growing market for modified starches that preserve product quality while replacing artificial additives. To match customer expectations and get a competitive edge in the market, food producers must adapt by reformulating their goods with clean-label alternatives, such as modified natural starches.

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Consumer perception of food products is greatly influenced by texture and mouthfeel, which also affects total sensory experience and pleasure. Modified starches are essential for the appropriate texture, creaminess, and consistency in various food and beverage applications. In this overcrowded market, companies need to focus on texture optimization by using modified starches in their formulations to make products that live up to customer expectations.

The demand for standardized ingredients that satisfy legal specifications and guarantee constant quality across a range of markets is driven by the globalization of the food manufacturing process. Modified starches can meet these requirements, which provide adaptable solutions that let companies grow into new markets and optimize their supply chains. Businesses need to incorporate modified starches as essential elements in their goods to take advantage of global market opportunities, increasing profitability and operational efficiency.

Key Takeaways from the Modified Starch Market Report

The global modified starch market size expanded at a 3.8% CAGR through 2034.
The maize/corn segment holds 46.2% of market shares in 2024.
The food and beverage segment captured 82.8% of market shares in 2024.
The market size in the United States is projected to rise at a 2.9% CAGR through 2034.
The market size in France is anticipated to develop at a 1.7% CAGR through 2034.
The market size in the United Kingdom is estimated to surge at a 1.2% CAGR through 2034.
The market size in Italy is expected to thrive at a 4.8% CAGR through 2034.

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Competitive Landscape

The modified starch market is highly competitive, with noteworthy giants such as Cargill, ADM, Ingredion, and Tate & Lyle dominating. Strategic relationships and innovation are crucial battlegrounds, particularly in producing modified starches and clean-label alternatives. Roquette Frères and Grain Processing Corporation are the market leaders in the clean label area. Region-specific players cater to local preferences. Sustainability policies and adaptability to global food trends are critical for retaining a competitive advantage.

Recent Developments

In February 2024, Ingredion Incorporated introduced Novation Indulge 2940 starch to their clean-label texturizer portfolio. It is the first non-GMO functional native corn starch designed to gel and co-texturize popular dairy and alternative dairy items and desserts.
In June 2023, Loryma introduced “E number free” adhesion starch with a clean label. Loryma, a German business, claims that its natural adhesion starch derived from wheat and labeled clean is just as effective as modified starches found in standard goods, providing “optimum adhesion properties for all types of substrate coatings.”
In November 2022, the Department for Environment, Food and Rural Affairs (DEFRA), Innovate UK, the Medical Research Council (MRC), and the Biotechnology and Biological Sciences Research Council (BBSRC) formed a new Diet and Health OIRC. With a £15 million investment, the OIRC hopes to assist overcome common barriers to innovation in the food and beverage industry.

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Modified Starch Market Segmentation

By Source:

Maize/ Corn
Wheat
Potato
Tapioca
Rice

By Product Type:

Acetylated Starch
Physically Modified Starch
Enzyme Modified Starch
- Anionic Starch
- Cationic Starch
- Dextrin
- Oxidized Starch
- Thinned Starch
- Pre-Gelatinized Starch
- Others

By Application:

Food and Beverage
- Bakery Products
- Dairy Products
- Meat & Poultry
- Convenience Food
- Others
Animal Feed
Cosmetic and Personal Care
Papermaking
Textile
Pharmaceuticals
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani