Automotive Window Regulator Market Surpasses US$ 21.2 Billion by 2031 with 4.5% CAGR

The automotive window regulator market will be worth more than US$ 21.2 Billion by 2031. During the projection period, a strong 4.5% CAGR is predicted during forecast period.

Increasing shifts of global automobile manufacturers toward imparting a number of automated features into vehicles has led to many developments automation of vehicles. Manual window regulators being replaced by automated ones has become a common sight in current automotive world.

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APEJ will Remain Largest Market for Automotive Window Regulators:
In terms of volume, Asia Pacific Excluding Japan (APEJ) is projected to remain the largest market for automotive window regulator, expanding at 4.4% CAGR during the forecast period. Sales of automotive window regulator in APEJ will reach 211,633 thousand units in 2017; by 2027 this number is estimated to surpass 300,000 thousand units.

In addition, Middle East & Africa (MEA) is expected to be second-most lucrative region in the market by 2027-end. MEA market for automotive window regulator is projected to exhibit 4.3% CAGR through 2027.

OEM will remain the preferred sales channel in the market, in terms of volume. Global sales of automotive window regulator through OEM is estimated to reach nearly 500,000 units by 2027-end. In terms of volume, OEM and Aftermarket sales channels are projected to witness parallel expansion at 3.3% CAGR during the forecast period.

Aftermarket sales channel is expected to hold low market share by 2027. This is primarily attributed to low breakdown rate, replacement rate and consumer preference to stick to default automotive window regulator present in the vehicle.

Passenger Cars to Exhibit Highest Demand for Automotive Window Regulators by 2027-end:
Adoption of automotive window regulator is expected to remain highest in passenger cars, based on vehicle type. Demand for automotive window regulator in passenger cars is expected to reach 530,539 thousand units by 2027-end. In contrast, HCVs are estimated to exhibit lowest demand for automated window regulator during the forecast period.

By construction, cable type automated window regulators will remain preferred in the market. In terms of volume, demand for double rail cable is projected to grow at 3.9% CAGR through 2027.

On the basis of product type, automated window regulators will remain dominant in the market, with their sales projected to exceed 500,000 thousand units by 2027-end. This is attributed to functionality and lightweight characteristics offered by automated window regulators.

In contrast, manual window regulators will witness a sluggish growth in sales during the forecast period. Frequent wear & tear off and complex structure of manual window regulators will impede their demand growth.

Increasing Demand for Personal Vehicles to Sustain Market Growth in APEJ:
India and China are prominent markets for car manufacturers owing to growing population and increasing need for personal vehicles. In addition, many banks and financial institutes are offering various loan schemes, making it easy for people to own a car. These factors are expected to sustain market growth in APEJ. In contrast, people in this region are shifting toward power window regulator, owing to their better functionality. This is estimated to restrain growth of the market in APEJ.

Demand for aftermarket is witnessing a surge in MEA, owing to absence of manufacturing plants in this region. GCC countries import cars form other regions for sale. Increasing consumer dependence on aftermarket is projected to fuel market growth in MEA. In contrast, factors such as political unrest and sluggish demand for automotive industry are expected to impede market growth in MEA during the forecast period.

Leading Key Players:

  • Brose Fahrzeugteile GmbH & CO. Kg
  • Grupo Antolin- Irausa SA
  • Hi- Lex Corporation
  • Imasen Electric Industrial Co. Ltd
  • Valeo SA
  • Magna International
  • Shiroki Corporation
  • Continental AG
  • Robert Bosch GmbH
  • Kongsberg Automotive
  • Castellon Automotive
  • Inteva Products
  • Johnan Manufacturing
  • Kuster Holding GmbH
  • IFB Automotive Pvt. Ltd
  • Tokai Rika
  • Aditya Auto Products and Engineering Pvt. Ltd

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Automotive Window Regulator Market Segmentation:

By Product Type:

  • Manual
  • Automated

By Construction Type:

  • Cable Type
    • Single Rail
    • Double Rail
  • Arm Type
    • Single Arm
    • X Arm

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Powder Induction and Dispersion Systems Market: Segmentation, Key Players, and Future Projections for 2029

The global powder induction and dispersion systems market size is expected to reach US$ 3210.1 Million by the end of 2029. According to the report, market is expected to expand rapidly in the target market in the coming years due to rapid industrialization, which in turn increases demand for powder induction and dispersion, supporting revenue growth for powder induction and dispersion. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Powder induction and dispersion system is a highly efficient and versatile powder system that helps remove the formation of dust which may contaminate food products. This therefore makes the environment around the machine clean and safe  hence saving money by reducing the loss of power. Preferably these systems are used for processing nutrients of all kinds.

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As COVID-19 spreads around the world, the powder induction and dispersion systems market will continue to experience disruption. In addition, evidence of global supply chain issues can be seen as year-to-date imports. The supply of these goods will suffer as demand is likely to drop in response to the curbs implemented to contain the spread of the virus.

Shutdowns Due to COVID-19 Outbreak will Negatively Impact Growth

Coronavirus outbreak has resulted in sharp decline in consumer demand which in turn, will adversely affect the powder induction and dispersion systems market. Manufacturers expected to get hit the worst. The manufacturers are also expected to sustain or grow sales in the coming months. Lower shopping activity as a result of shutdowns is anticipated to negatively affect demand. Difficulty in obtaining goods or needing to source them from countries with higher production costs can dampen demand for wholesalers of this market.

It includes in-depth insights into the powder induction and dispersion systems market. Some of these are:

  • The estimated value of the market was at US$ 1890 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Asia-Pacific powder induction and dispersion systems market is estimated to grow at a healthy pace.
  • China and India are expected to hold considerable share in terms of revenue in the Asia-Pacific market over the forecast period.
  • In-line mixing type is projected to witness the fastest growth during the forecast period owing to the availability of aftermarket solutions.
  • Increasing use of conventional power induction technology in different industries restrains this market development.
  • Growing demand for powder induction and dispersion systems in various applications coupled with the presence of manufacturers in countries in the region are some of the factors anticipated for fuel growth in the Asia Pacific market for powder induction and dispersion system market.

Who is Winning?

Some of the major players operating in global powder induction and dispersion systems market are Admix Inc., Axiflow Technologies, Charles Ross & Son Company, Hayward Gordon Group, IDEX Corporation, IKA Werke GmbH, John Bean Technologies Ltd., Joshua Greaves & Sons Ltd., Noritake Co. Ltd., Silverson Machines Inc., SPX Flow and Ystral GmbH.

Major industries are estimated to be government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences. These industries have an established base resulting in stable market demand. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Powder Induction and Dispersion Systems Market – Key Research Findings

  • The global market is expected to reach US$ 3210.1 Mn by the end of 2029.
  • The continuous processing segment is projected to account for a largest share in the market in terms of revenue in the coming years.
  • The in-line segment based on the mixing method is projected to exhibit the highest growth over the forecast period.
  • The pharmaceuticals segment is expected to lead the market, based on application.
  • Recent developments and advancements in material and device dispersion techniques are projected to create lucrative growth opportunities over the forecast period.
  • North America is estimated to have the largest share over the forecast period, while the Asia Pacific market is expected to expand at the highest CAGR.

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POWDER INDUCTION AND DISPERSION SYSTEMS MARKET TAXONOMY

The global Powder Induction and Dispersion Systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Application

  • Food & beverages
  • Pharmaceuticals
  • Cosmetic and personal care products
  • Chemicals

Type of Mixing

  • In-tank mixing
  • Inline mixing

Process

  • Continuous
  • Batch

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

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Unveiling the Dynamics of the Organic Salad Dressing Market: A Comprehensive Analysis upto 2030

The global organic salad dressing market size is expected to reach US$ 2434.4 Million by the end of 2030. According to a recent study by Future Market Insights (FMI), the market will surge at 5.4% CAGR between 2020 and 2030. According to the report, growing consumer demand for food items consisting of natural and organic ingredients and health benefits contributes to increased demand. This report emphasizes a comprehensive overview of the market, covering prevailing trends, key growth drivers, prevailing trends, restraints, and opportunities.

The rapid onset of dining out culture has led to growth in the number of cafes and restaurants across developed and developing economies of the globe, which is contributing to the growth of the global organic salad dressing market. The increasing efforts of food product manufacturers to develop all-natural and organic salad dressing for health-conscious consumers is driving the demand.

Furthermore, the rising inclination for continental cuisines, where organic salad dressing is used exhaustively, is projected to fuel demand for organic salad dressing during the forecast years.

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It includes in-depth insights into the organic salad dressing market. Some of these are:

  • The estimated value of the organic salad dressing market was at US$ 1436 Mn in 2020
  • Rising demand for organic food will aid the expansion of the market
  • North America dominates the market with a share of 34%
  • On the basis of distribution channels, hypermarkets, and supermarkets lead the market
  • Consumption of food products, such as rice and pasta, with various condiments and sauces, dressing continues to remain in vogue, globally, enabling growth in the market

Lockdown Enforced and Willingness to Imitate Restaurant-like-taste at Home Will Impact Growth

The demand for organic salad dressings in the HoReCa industry has seen tremendous growth due to the increasingly increasing number of restaurants serving continental cuisine. Although, due to the lockdown, the COVID-19 pandemic will hit restaurants and restaurants hard. On the other hand, a majority of consumers work from home and practice social distancing to prevent the progression of the novel coronavirus, the demand for organic salad dressing across households will rise due to a growing consumer willingness to mimic restaurant-like tastes at home, coupled with increasing demand for organic food and dressing items.

Who is Winning?

Some of the major key players in organic salad dressing market are Dr. Oetker, Kraft Heinz, McCormick, Unilever, American Garden, Annie’s Homegrown, Cibona, Duke’s, Hidden Valley, Ken’s Foods, Kenko Mayonnaise, Mrs. Bector’s Cremica, Newman’s Own, Oasis Foods Company, Remia, Stokes Sauces, Tina, Pinnacle Foods. Global players in the salad dressing industry focus on new product development and innovation in packaging to fuel sales growth.

ORGANIC SALAD DRESSING MARKET TAXONOMY

The global Organic Salad Dressings Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Type

  • Ranch dressing
  • Vinaigrettes
  • Caesar dressing
  • Blue cheese dressing
  • Thousand island dressing
  • Other creamy dressing

By Base

  • Cream-based salad dressings
  • Oil-based salad dressings
  • Reduced-fat salad dressings

By Application

  • Household
  • Industrial
  • Other

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Retailers
  • Others

Region

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

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ORGANIC SALAD DRESSING MARKET – KEY RESEARCH FINDINGS

  • The organic salad dressing market will exhibit a CAGR of 5.4% between 2020 and 2030
  • Regionally, North America emerged as a key market for organic salad dressing
  • Europe and Asia Pacific will remain steady as key markets for organic salad dressing
  • The increasing willingness to spend a little extra on healthy food and condiments among customers will boost growth
  • Foodservice category is expected to remain dominant in terms of application.

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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
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Glass Fiber Reinforced Plastic (GFRP) Composites Market Surging to US$ 41.53 Billion by 2033, with a CAGR of 8.4%

The glass fiber reinforced plastic (GFRP) composites market is estimated to capture an impressive valuation of US$ 18.54 billion in 2023, and is growing to US$ 41.53 billion by 2033. The market is projected at a CAGR of 8.4% during the forecast period.

Growing demand for high durability, flexibility, and premium quality products is increasing the adoption of glass fiber reinforced plastic (GFRP) composites. In addition, increasing electronic, automobile, and construction industries are surging the demand for glass fiber reinforced plastic (GFRP) composites. For example, automobile manufacturers are developing light weighted devices and equipment to reduce the consumption of fuels.

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Increasing preferences for renewable energy and rising environmental concerns boost the market growth. The adoption of GFRP composites pipes in the oil, chemical, and marine industries to transfer the liquid and boost the strength propels market opportunities. Moreover, innovations of low-weighted vehicles, such as electric cars and SUVs, are further advancing the market expansion during the forecast period.

Growing molding technology, advanced products, and piping activities bolster market opportunities. The government initiatives, the rising number of investors, and present key vendors are flourishing the market opportunities.  Significantly growing wind energy in China is increasing the adoption of glass fiber reinforced plastic (GFRP) composites.

Key Takeaways:

  • The glass fiber reinforced plastic (GFRP) composites market is expected to have a valuation of US$ 41.53 billion by 2033.
  • With a CAGR of 8.4%, the global market is increasing from 2022 to 2033.
  • The United States glass fiber reinforced plastic (GFRP) composites market is leading the global market, with registering a maximum share through 2033.
  • The market secured a CAGR of 8.0% in the historical period between 2017 and 2022.
  • The market captured a valuation of US$ 17.81 billion in the historical period.

Who is winning?

The prominent players are launching their innovative products as per end-users’ requirements. Apart from it, they are investing a huge amount in research and development activities to produce innovative and easy-to-use equipment with the latest technology. The players are setting their goals by adopting better technology, apart from traditional and complicated methods.

The key vendors built several marketing tactics to enhance the market position in the international market. Their marketing strategies are collaborations, mergers, product launches, partnerships, and acquisitions.

Recent Developments in the Glass Fiber Reinforced Plastic (GFRP) Composites Market:

  • In March 2020, Saint Gobain invested INR 500Cr to start manufacturing in India. The company motto provides services for window lines, float glass, and others.
  • In July 2017, Owens Corning acquired Aslan FRP, a United-based company, to advance its portfolio in making infrastructure, including roads, tunnels, buildings, and marine.

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Key Players Working in the Market are:

  • Johns Manville,
  • BGF Industries
  • Asahi Glass Company Limited
  • Advanced Glassfiber Yarns LLC
  • Chomarat Group
  • Jushi Group Co. Ltd
  • Taishan Fiberglass Inc
  • Owens Corning, PPG Industries Inc
  • Binani 3B-The Fibreglass Company
  • Saertex Group
  • Chongqing Polycomp International Corp
  • Saint-Gobain Vetrotex
  • Nitto Boseki Co. Ltd
  • Nippon Sheet Glass Co. Ltd

Glass Fiber Reinforced Plastic (GFRP) Composites Market Segmentation by Category

By Resin Type:

  • Thermoplastic
  • Polyurethane
  • Polyester
  • Epoxy
  • Vinyl Ester
  • Others

By End User:

  • Transportation
  • Renewable Energy
  • Electric & Electronics
  • Military & Defence
  • Telecommunication
  • Building & Construction
  • Others

By Manufacturing Process:

  • Injection Molding
  • Filaments
  • Compression Molding
  • RTM & VARTM
  • Layup
  • Others

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 400 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
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Fiber Cement Board Market Poised for Growth: Forecasted Revenue of US$ 16,890.0 Million by 2033

The global fiber cement board market value is likely to jump from US$ 10,980.6 million in 2023 to US$ 16,890 million by 2033. This estimated growth is expected to be driven by a steady CAGR of 4.4% in the global fiber cement board market over the next decade.

Increasing demand for high-performing fiber cement board building solutions in the construction industry is fueling the market growth. Their adoption is also driven by their ability to reduce construction costs, as they are easy to transport and require minimal effort by labor.

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Sales of fiber cement boards are predicted to flourish in developing economies as investment in the construction of housing projects surges. Emerging new projects including single- and multi-family housing are enhancing the scope of construction materials.

In India, the residential construction sector is expected to be supported by the Pradhan Mantri Awas Yojana-Urban (PMAY-U) “Housing for All” Mission that is predicted to continue till 31st December 2024.

The increasing concern of the Indian government to complete big infrastructure projects prior to the 2024 elections is also a key motivator of infrastructure construction in the country. Thus, creating significant opportunities for fiber cement board producers.

Development of the commercial sector that incorporates hospitality buildings, outdoor leisure facilities, retail buildings, office buildings, and other commercial buildings is another factor that is increasing prospects for the product. Apart from offices and other projects, the expansion of the tourism business is also expected to bring new avenues for construction.

“Soaring investments in housing and infrastructural projects, especially in developing countries, are creating multiple opportunities for the producers of construction materials like fiber cement board. With these emerging opportunities, key players are focusing on enhancing their product portfolio by taking into account the valuable insights from their customers. This strategy is predicted to give them leverage over their competitors,”- says FMI analyst.

Key Takeaways from the Fiber Cement Board Market Report:

  • In 2022, the fiber cement board market attained a value of US$ 10,520 million.
  • Based on end use, the commercial segment is expected to obtain a 32.10% market share in 2023.
  • Portland cement is predicted to acquire a market value of 78.10% in 2023.
  • China and India are assessed to expand at significant CAGRs of 5.1% and 5.3% through 2033.
  • Japan is predicted to exhibit a growth rate of 2.7% CAGR over the forecast period.
  • Germany and the United Kingdom are predicted to register CAGRs of 1.8% and 2%, respectively.
  • The United States market is projected to record a CAGR of 2.3% through 2033.

Developments Taking Place in the Fiber Cement Board Market

Key players in the market are offering innovative products to raise the bar higher for their competitors. For instance, Buildrite Construction Chemicals, a prominent construction chemical player in the Philippines, introduced eight new and inventive products at WorldBex 2023. Among these products is Tofil 807 and 808, which is a drywall finishing system that is equipped with anti-crack technology. This product is suggested for gypsum boards and fiber cement boards to eliminate the issue of cracking joints.

Active market participants are offering innovative fiber cement boards, consisting of a range of exterior and interior systems like throughwall systems, partitions, and ceilings. With such elaborate offerings, players are focusing their efforts on providing premium quality solutions offering long-lasting beauty and trusted protection.

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  Key Players in the Fiber Cement Board Market

  • James Hardie Industries PLC
  • Etex Group NV
  • Cembrit
  • Mahaphant Fibre Cement Co., Ltd.
  • Elementia
  • S.A.B de C.V.
  • Everest Industries
  • Saint-Gobain
  • Hume Cemboard Industries
  • Nichiha Corporation
  • Soben board Everest

Key Segmentation

By Raw Material:

  • Portland cement
  • Silica

By Application:

  • Commercial Buildings
  • Residential Buildings

By End Use:

  • Residential
  • Commercial
  • Industrial

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 400 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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External Gear Pump Market Growth: Industry Rising to US$ 370 million by 2034

External gear pumps are workhorses in various industries, known for their simple design, reliability, and efficient fluid transfer. This translates to a thriving market for these pumps. Let’s delve into the current scenario, exciting opportunities for manufacturers, and the promising future of the external gear pump market.

Current Scenario: 

  • Versatility Across Industries: External gear pumps can handle various viscosities and are suitable for numerous applications, making them a popular choice across industries like construction, oil & gas, chemical processing, and food & beverage.
  • Focus on Reliability and Low Maintenance: Their simple design offers high reliability and requires minimal maintenance, making them cost-effective solutions in the long run.
  • Demand for High-Pressure Applications: Certain models can handle high operating pressures, catering to specific needs in industries like hydraulic fracturing and power generation.
  • Growing Automation: Increased automation in manufacturing processes necessitates reliable pumps for smooth operation, further propelling the market.

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Opportunities for Manufacturers: 

This market presents a wealth of opportunities for manufacturers to solidify their position:

  • Material Innovation: Develop pumps with advanced materials that offer improved wear resistance, corrosion protection, and compatibility with a wider range of fluids.
  • Focus on Efficiency: Invest in R&D to create pumps with improved efficiency for lower energy consumption, aligning with growing sustainability concerns.
  • Specialization for Diverse Applications: Develop specialized pumps for specific industries, catering to unique needs regarding pressure, flow rate, and fluid compatibility.
  • Smart Integration: Explore integrating sensors and IoT technology for real-time monitoring, predictive maintenance, and data-driven optimization of pump performance.
  • After-Sales Services: Provide comprehensive after-sales support, including readily available spare parts, maintenance packages, and operator training to build customer loyalty.

Future Scope: 

The external gear pump market is poised for exciting advancements in the coming years:

  • Sustainability Focus: Manufacturers will increasingly focus on eco-friendly materials, energy-efficient designs, and potentially even bio-based lubricants for these pumps.
  • The Rise of Smart Pumps: Integration of sensors and communication capabilities will enable real-time monitoring, remote diagnostics, and predictive maintenance for improved efficiency and reduced downtime.
  • Standardization and Regulations: Evolving safety regulations and potential standardization efforts might influence pump designs and materials used.

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Plant-Based Protein Market Flourishes, Predicted to Hit US$ 42.55 Billion by 2034

The global plant-based protein market size is estimated to be worth US$ 18.64 billion in 2024. The market valuation is projected to surpass US$ 42.55 billion by 2034, registering a healthy CAGR of 8.6% during the forecast period.

As productivity in the food and beverage industries rises, the market for plant-based proteins will expand considerably. The global market for plant-based proteins is divided into soy, wheat, pea, potato, rice, canola, corn, and other product categories based on the kind of protein present. Soy protein is expected to lead the plant-based protein industry.

According to the report, the rising prevalence of health conditions like as diabetes, high blood pressure, and obesity is encouraging people to adopt better lifestyles. As a result, there is an increased need for plant-based protein nutritional supplements and meals.

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Demand for Preventative Healthcare, Especially Due to the Recent Outbreak of Deadly Viruses to boost growth

The majority of people are worried about their health and recognise the importance of preventive treatment. Numerous journals, websites, and online forums, including Livestrong.com, bodybuilding.com, Men’s Health, and Shape, publish frequent updates on nutrition and lifestyle subjects. Similarly, companies that produce plant protein-containing goods advertise their products using a variety of media, including as websites, periodicals, and marketing campaigns, in an effort to build customer demand for these products.

These strategies of players primarily focus on new product development and enhanced safety, effectiveness and primarily health benefits such as the ability to lower cholesterol, lower body weight, and lower blood pressure levels. This is expected to aid in market growth in the region.

Also consumers have become increasingly conscious about the food they eat. Rumors linking coronavirus with consumption of meat and meat protein are likely to influence their perception regarding food they eat. As a result of this, the demand for plant-based protein is likely to surge in the coming years.

Who is winning?

Some of the major players in the plant-based protein that are covered in this report are Glanbia Plc, Archer-Daniels Midland Co., Roquette Freres, Cargill Incorporation, Burcon Nutrascience Corporat, E.I. du Pont de Nemours & Co,  Cosucra Groupe Warcoing, Ingredion Inc, and CHS Inc, AGT Food & Ingredients, Inc.

These market players have a strong networked and secure clientele with main focus on increasing its product offering and portfolio with complete solutions to its customers including production, formulation of blend, packaging and transportation as well.

In addition to this, market players are more into mergers and acquisition to improve their product offering. Companies intend to expand their regional footprint through strategic collaborations.

  • In February 2017, Glambia Plc acquired two companies — Body & Fit and Grass Advantage LLC protein ingredient manufacturers in the U.S. and Netherlands respectively. Both the company have a strong tactical fit with Glanbia’s Performance Nutrition (GPN) division and will prolong its reach to wider channels and new consumers.
  •  In August 2017, Archer Daniels Midland Company expanded its line of plant-based functional extracts by including an antioxidant blend, green tea, and acerola for application in a wide variety of food, drinks, and supplement applications
  • In March 2017, Cargill started production of pea protein ingredients through partnership with World Food Processing, which is a multi-generation, family-owned business based in Oskaloosa, U.S., that has developed non-bioengineered/non-GMO pea seed varieties to minimize off-flavors

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PLANT-BASED PROTEIN MARKET SEGMENTATION

The global Plant-based protein Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type:

  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Others

Form:

  • Isolates
  • Concentrates
  • Hydrolysates

Nature:

  • Organic
  • Conventional

Application:

  • Nutritional Products
    • Sports Nutrition
    • Medical Nutrition
    • Infant Nutrition
  • Bakery
  • Snacks & Cereals
  • Dairy
  • Confectionary and Dessert
  • Convenience Food
  • Beverages
  • Animal Feed
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Frequently Asked Questions

  • How much is the plant-based protein market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Plant-based protein sales?
  • How are market players reacting to the new developments in the market?
  • Which is the largest segment by type?
  • Which are the major countries driving demand for plant-based protein?
  • Who are the major players in the Plant-based Protein Market?
  • At what level does the report reflect pricing analysis?

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Aircraft Ground Support Equipment Market in Western Europe Projected to Reach US$ 3,569.83 million by 2034

The Aircraft Ground Support Equipment Market in Western Europe is poised for steady growth, with a projected compound annual growth rate (CAGR) of 5.5% anticipated through 2034. Starting with a valuation of US$ 2,088.87 million in 2024, the industry in Western Europe is positioned to capitalize on significant opportunities.

The advent of urban air mobility and electric vertical takeoff and landing vehicles is set to drive fresh demand for airport ground support equipment in Western Europe. These innovative modes of transportation will necessitate specially tailored equipment to support their operations effectively.

By 2034, the adoption of aircraft ground support equipment in Western Europe is forecasted to reach US$ 3,569.83 million, underscoring the sector’s sustained growth trajectory and the evolving landscape of aviation infrastructure in the region.

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Growth Factors

The aviation industry’s shift towards electrification is poised to drive significant reductions in carbon emissions and operational costs, with a particular emphasis on the adoption of electric-powered ground support equipment.

The advancement and uptake of autonomous or semi-autonomous ground support equipment, encompassing baggage handling systems and tugs, present promising avenues for enhancing operational efficiency while diminishing reliance on manual labor.

A surge in demand for customizable and modular airport ground support equipment solutions is anticipated, offering manufacturers ample opportunities to cater to diverse aircraft types and operational needs. These adaptable solutions promise heightened flexibility and efficiency in airport operations.

The incorporation of radio frequency identification (RFID) and Internet of Things (IoT) technologies into ground support equipment holds immense potential for enhancing asset tracking, streamlining maintenance management, and bolstering overall operational visibility within airport environments.

Key Companies 

  • Vanderlande Industries
  • Goldhofer
  • TLD Group
  • Precia Group
  • Ground Handling International
  • Cushman & Sons
  • Mechtronic
  • Abeking & Rasmussen
  • Rotzler Group
  • Terberg Special Vehicles
  • ITA Aeromodeli
  • Aviaxom
  • Aviation Ground Services
  • Menzies Aviation
  • Swissport International

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Segmentation

By Equipment:

  • Passenger Service
  • Boarding Steps and Stairs
  • Airport Buses and Transport
  • Beds/Chairs Lifts
  • Airport Service
  • Refuelers
  • Tugs and Tractors
  • Ground Power Unit
  • Air Start Units
  • Lavatory Service Vehicles
  • De Icing Vehicles
  • Rescue and Firefighting
  • Air Conditioners
  • Others
  • Cargo Loading
  • Container Loaders
  • Belt Loaders
  • Cargo Transporters
  • Cargo Dollies

By Power:

  • Electric
  • Non Electric
  • Hybrid

By Ownership:

  • New Sales
  • Rental/Lease

By Application:

  • Commercial
  • Defense

By Country:

  • United Kingdom
  • Germany
  • France
  • Netherlands
  • Italy

Microbial Lipase Market Forecasted to Surge to Nearly US$ 990.2 Million by 2032

In 2022, the microbial lipase market is anticipated to reach US$ 535.0 Million. In terms of value, it is anticipated to increase at a CAGR of 6.8% from 2022 to 2032, reaching US$ 990.2 Million.

Lipases are extremely adaptable microbial enzymes that have piqued the interest of various industrial processes. Lipases can be obtained from a variety of sources, including fungi, bacteria, other microorganisms, animals, and vegetables. Among the lipase sources, microbial lipases had the biggest market share of roughly 62%.

Long-chain triglyceride hydrolysis is catalysed by microbial lipase. Microbial sources of lipase enzymes are conceptually active and proficient, and they also offer a wide range of industrial applications in the production of changed molecules.

The research provides a thorough analysis of the industry, outlining key growth drivers, restraints, opportunities, and current trends. It employs novel research methods to provide the most accurate market analysis.

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It includes in-depth insights into the microbial lipase market. Some of these are:

  • The estimated value of the market was at US$ 510 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Microbial lipase industry is dominated Asia Pacific.
  • The emergence of leading global microbial lipase producers and the increase in the adoption of lipase enzymes are increasing demand for microbial lipases in the Asia Pacific area.
  • It is estimated that the powder type of microbial lipases dominates the market for microbial lipase, as consumers prefer.
  • Due to their numerous applications in a wide range of food processes, the demand for lipase, especially from microbial sources, is expected to show significant growth in the near future.
  • In terms of form, the liquid segment emerged dominant and is likely to continue leading the market through the course of the forecast period.

COVID-19 Outbreak will Impact Growth of the Market

The lockdown due to corona outbreak might severely impact the supply side of the microbial lipase market. It may also affect the production and distribution of their goods and services. After the lockdown is lifted, there is a quite possibility that there will be an increase in sales which will be met through existing inventories of the companies in the microbial market.

Growing population along with increasing economic standards has led to increased spending on food services. Like the aforementioned forecasts, however, the market could head to harsh waters.

Who is Winning?

The key players operating in the global microbial lipase market are DowDuPont (US), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark). There are some new developments in the industry that will generate specific opportunities for the microbial lipase manufacturers.

Furthermore, mergers and acquisitions continue to be a common strategy among market players. With strategic alliances companies plan to increase their global footprint.

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MICROBIAL LIPASE MARKET TAXONOMY

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

By Source :

  • Fungi
  • Bacteria
  • Yeast

By Form :

  • Liquid
  • Powder

By Application :

  • Cleaning Agents
  • Animal Feed
  • Dairy Products
  • Bakery Products
  • Confectionery Products
  • Others

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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 400 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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Polyol Sweetener Market Positioned for Significant Growth, Expected to Surpass US$ 8,213.4 Million by 2034

The global polyol sweetener market is predicted to develop from US$ 4,100 million in 2023 to US$ 4,317.3 million in 2024, showing potential market growth. With a CAGR of 7.19%, the market is predicted to reach a projected value of US$ 8,213.4 million by 2034. The worldwide market for polyol sweetener is projected to remain competitive.

Polyols are used as sweeteners in a range of sugar-free foods, which is a major growth driver. Polyols are a low-calorie sweetener which is increasingly being used in baked goods, jellies, and ice – cream. Polyols are getting more popular, resulting in greater market growth.

Sugar Alcohols Chugs the Global Polyol Industry

  • The global polyol sweetener market is anticipated to be driven by rising consumer awareness of general health and well-being and rising demand for sugar replacements in the food and beverage industry.
  • Polyol sweetener, which come from saccharide derivatives derived from bio-wastes like birch bark, maize cobs, and pulp and paper waste, are produced by fermentation or hydro-generation carbohydrates.
  • The essence, or sugar alcohol, is a beneficial ‘natural’ element in various applications, including food, pharmaceutical, cosmetics, and other technical and chemical sectors.

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In Asia – pacific region, Polyol is predicted to be a very profitable business. The sector is predicted to grow in response to rising sales in China, India, and Australia.

It is also expected to rise at a higher rate than in other nations. The growth in buying power, as well as increased uses including dental health and medications, as well as an increase in physical concerns caused by sugar-based foods, would help Asia Pacific expand its market.

The growing prevalence of health awareness in North America will assist the industry. The use of polyol sweeteners within food sector will expand as the incidence of diabetes rises. North America now controls the majority of the worldwide market.

Key Takeaways from Market Study

  • The polyol sweeteners market is expected to expand at CAGRs of 5.5% and 7.4% in America and Europe, respectively, through 2034.
  • The market for polyol sweeteners in Asia Pacific increased by 7.6% year after year.
  • Polyol sweetener sales are increasing globally due to rising customer demand for nutrient dense foods.
  • The high production costs of polyol sweeteners are projected to limit industry expansion. However, tight restrictions and international quality criteria for polyol sweeteners, including the risk of adverse effects from excess use, are likely to impede market expansion throughout the forecast timeframe of 2024-2034.
  • A major demand-supply mismatch has emerged from a scarcity of raw materials from diverse polyol sweetener producers throughout the world. Producers are also likely to be stuck on raw material orders as a result of the supply chain being severely disrupted by the COVID-19 closure.

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Competitive Landscape

Polyol sweetener makers are putting a lot of effort into analysis and resources to enhance overall product and service quality.

  • Ingredion Inc. EMEA: In the year 2020, the business will introduce ERYSTA Erythritol, a novel polyol sweetener that will meet customer demand for low-calorie and zero-added-sugar considered a standard.
  • Cargill Inc: In the year 2018, the firm stated that it had formed a partnership with Procter & Gamble, which would allow it to develop more sustainable goods.
  • Batory Foods: The firm stated in 2019 that it has purchased the holdings of Polypro International Inc, a company that is one of the industry’s major producers of hydrocolloids.

Market Segmentation

By Type:

  • Sorbitol
  • Erythritol
  • Maltitol
  • Mannitol
  • Isomalt
  • Xylitol
  • Others

By Form:

  • Powder
  • Crystal
  • Liquid
  • Syrup

By Application:

  • Bakery
  • Confectionery
  • Beverages
  • Dairy
  • Oral Care
  • Pharmaceuticals
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East & 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 400 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
LinkedIn| Twitter| Blogs | YouTube