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Organic Pigments Market: A Market with Huge Potential and Growth Opportunities

The global organic pigments market is poised to experience a steady growth trajectory with a projected Compound Annual Growth Rate (CAGR) of 4.5% throughout the forecast period. As of 2022, the market is valued at US$ 5862 Million, and it is expected to witness substantial expansion, reaching an estimated high of US$ 9824.9 Million by the year 2032. This upward trend reflects the increasing demand for organic pigments across various industries, indicating a promising outlook for the market’s future. Factors such as advancements in technology, growing awareness of environmentally friendly products, and expanding applications in diverse sectors contribute to the positive momentum in the organic pigments market.

Organic pigments play a vital role in coloring a wide range of products, from paints and coatings to plastics, inks, textiles, and more. Unlike inorganic pigments, organic pigments are carbon-based compounds that offer a broader spectrum of vibrant colors and superior performance in various applications. The organic pigments market has witnessed significant growth in recent years, driven by factors such as increasing demand for sustainable and eco-friendly products, advancements in technology, and a rising focus on aesthetics across industries.

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Key Market Drivers:

Environment-Friendly Solutions: With an increasing awareness of environmental sustainability, organic pigments have gained prominence due to their eco-friendly nature. Consumers and industries alike are seeking alternatives that have minimal environmental impact, leading to a surge in the adoption of organic pigments over traditional options.
Growing Demand in End-Use Industries: The demand for organic pigments is propelled by industries such as paints and coatings, plastics, textiles, printing inks, and cosmetics. The automotive sector, in particular, relies heavily on organic pigments to enhance the visual appeal of vehicles while meeting regulatory standards for volatile organic compound (VOC) emissions.
Technological Advancements: Ongoing research and development activities have resulted in technological advancements in the organic pigments industry. Innovations such as high-performance pigments (HPPs) and nanotechnology have improved the durability, stability, and color strength of organic pigments, expanding their applications across diverse sectors.

Market Trends:

Shift Towards Bio-Based Pigments: As sustainability becomes a focal point across industries, there is a noticeable shift towards bio-based organic pigments derived from renewable resources. Manufacturers are exploring alternatives to traditional petrochemical-based pigments, aligning with the global push towards a circular economy.
Customization and Specialty Pigments: The demand for unique and customized colors in various applications is driving the growth of specialty organic pigments. Manufacturers are investing in developing pigments with specific properties, allowing end-users to achieve desired effects and differentiate their products in the market.
Asia-Pacific Dominance: The Asia-Pacific region, led by countries like China and India, dominates the organic pigments market. The rapid industrialization, growing urbanization, and increasing disposable income in these regions contribute to the high demand for organic pigments in diverse applications.

Some of the key companies in the market are

BASF
Clariant
DIC Corporation
Heubach GmbH
Sudarshan Chemical Industries Ltd.
Ferro Corporation
Trust Chem Co. Ltd
DCL Corporation
Toyocolor Co. Ltd.
Others

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Key Segments in the Organic Pigments Market

By Source:

Synthetic
Natural

By Type:

Azo
Phthalocyanine
HPPs
Others

By Application:

Printing Inks
Paints and Coatings
Plastics

By Region:

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

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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Synbiotic Products Market Will Surpass US$ 598 Bn by 2032 As Demand for Functional Food & Beverages Increases

The global synbiotic products market is set to witness growth at a CAGR of 7.5% over the forecast period, reaching US$ 598 Mn by 2032.

Synbiotics are a synergistic combination of prebiotics and probiotics that promote the growth and survival of gut bacteria that live in the intestine and colon of the gastrointestinal system.

Synbiotics were created to address the challenges that probiotics face in the gut. As a result, a product containing an adequate combination of both prebiotics and probiotic components should have a positive effect when compared to the effect of any component alone.

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They are offered as food and a dietary supplement for weight loss, improved mental, digestive, and heart health, immunological function, inflammation, and reduced risk of cardiovascular illnesses.

They are also used to treat hepatic disorders and enhance the absorption of nutrients including calcium, phosphorus, and magnesium. They are increasingly being utilized in aquaculture to boost fish production by boosting the immune system. Furthermore, the fortification of dairy products and foods with synbiotics has increased to provide nutritional and health benefits. This, in turn, is expected to propel the synbiotic products market.

“Increasing sales of functional foods and beverages, along with growing adoption of probiotic-based products across emerging economies is expected to augment the growth in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

Based on product type, the functional food & beverages segment is anticipated to account for around 46.7% of the total market share over the forecast period.
Sales of symbiotic products through supermarkets and hypermarkets will gain traction.
The North America Synbiotic Product market is expected to witness a lucrative growth rate of 6.9% during the forecast period.
East Asia is expected to account for 16.8% of the global synbiotic product consumption through 2032.

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Competitive Landscape

Key players operating in the global synbiotic product market are focusing on launching innovative products to meet the growing demand for dietary supplements.

Some of the prominent players of the global synbiotic product market include Daflorn Ltd., DANONE; Sabinsa Corporation, Yakult S/A, Probiotical S.p.A., United Naturals, Synbiotics Corporation (Pfizer), Synbiotic Health, Inc., NUtech Ventures, and Asmara (NU3x).

Explore More Valuable Insights

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

The study offers compelling insights based on the synbiotic product market by product type (functional food & beverages, dietary supplements, others), by form (powder, liquid, capsule, others), by distribution channel (supermarkets/hypermarkets, convenience stores, online stores others) & region across seven major regions of the world.

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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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Seizing Opportunities in the Growing Seafood Takeout Market: Investing in a US$ 51.3 Billion Industry with 6.50% CAGR by 2032

The seafood takeout market is expected to escalate at a CAGR of 6.50% from USD 31.1 Billion in 2022 to USD 51.3 Billion through 2032.

The COVID-19 pandemic has benefited the global seafood market as more people have taken up home cooking and retail purchasing. As online markets have become the primary outlets for fish and seafood, the demand for seafood takeout has increased, particularly during the lockdown. The availability of ready-to-eat seafood has helped the seafood market to remain stable during the pandemic.

COVID-19 has caused key changes in the seafood takeout market trends, business across the seafood supply chain faced unclear operating conditions during the lockdown, with governments providing unprecedented levels of assistance to employees and businesses. However, businesses had no concrete idea when export and UK foodservice markets would reopen.

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Market growth has been attributed to consumer awareness of the health benefits of seafood and a change in lifestyle. Non-vegetarian consumers are gradually changing their lifestyle and significantly following pescetarianism. Pescetarianism refers to vegetarian food and seafood, but no meat, such as beef, pork, or chicken.

The trend towards pescetarianism and the availability of high-quality seafood like sushi, as well as the increasing consumer spending on seafood dishes are some of the main factors contributing to the growth of the seafood takeout market, boosting the demand for seafood takeout.

Fresh seafood uses a majority of the market due to its health benefits, and it is highly preferred by consumers as a result of sedentary lifestyles and rising income levels, as well as an escalating awareness about health and wellness.

Increasing consumer awareness of the living conditions in cattle farms and the increased demand for alternatives have also contributed to this shift. Furthermore, as meat and meat products often contain harmful pesticides and chemicals, their high consumption can be unhealthy, thus consumers are seeking alternative foods.

As a result of the disappearance of sea species, the market has been hampered; however, sustainable fishing may provide a solution to resolve the environmental issues and make the market more environmentally, economically, and socially sustainable.

About 80 percent of the total catch of the United States Commercial Fisheries and Seafood Industry are consumed as human food, which proves to have a significant demand for seafood takeout across these countries. Additionally, together with manufacturers, even retailers are introducing their own seafood brands as a part of strategies to expand their markets, like Walmart.

Asian economies, such as China and India, are making well known fish related cuisines across the world. This is being reflected by the wide range of fish related dishes on offer at restaurants across the region that are cashing in on the seafood takeout markets key trends & opportunities.

KEY TAKEAWAYS:

In the United States, the seafood takeout market is estimated to reach US$ billion by 2032, rising at a CAGR of 39.8% throughout the forecast period.
By 2032, the seafood takeout market in the United Kingdom is expected to be valued US$ million, with a CAGR of % through 2032.
With a CAGR of % throughout the forecast period, China is expected to reach a market size of US$ million in seafood takeout market by 2032.
By 2032, the seafood takeout market in Japan is estimated to be worth US$ million, growing at an annual rate of % through 2032.
With a CAGR of % throughout the forecast period, South Korea is predicted to reach a market size of US$ million in seafood takeout market by 2032.

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COMPETITIVE LANDSCAPE:

Grupo Nueva Pescanova, Marine Harvest ASA, Leigh Fisheries Ltd., are three of the most successful companies generating revenue from the seafood takeout market.

Players operating in the market have been focusing on further increasing their product offerings, through producing a wider variety of seafood products, such as fillets, portions, rings, etc. Additionally, the product portfolios of players are dominated by fillets and portions due to the high consumer demand for seafood takeout from these countries, since these products are extensively used in foodservice and retail.

RECENT DEVELOPMENT:

Pacific launched a value-added seafood product for Amazon Go in May 2021, and Amazon is partnering with them to create around 20 value-added seafood products quarterly for their Amazon Go stores, which number 29 now – with more to come.
The Nissui company developed a new type of frozen food with a natural thawing process at room temperature in June 2021. You simply select a portion in a cup and place it in your lunchbox, contributing to the growth of the seafood takeout market.
Since the early 90s, Asia Pacific has become one of the most prolific markets for food service restaurants due to the opportunities facilitated by the developing economies. Additionally, in recent years, the application of online ordering has been increasing at a rapid pace, thus giving restaurants a chance to expand their sales channels & revenue, creating higher adoption rate of the seafood takeout market.

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Key segments

By Product Type:

Shrimp
Tuna
Salmon
Pollock
Catfish
Tilapia
Crab
COD
Clams
Others (Flatfish, Oysters, Mussels, lobster)

By Restaurants Type:

Quick service restaurant
Full-service restaurant
Cafés and bars
Street food

By Business Type:

Chained foodservice
Independent foodservice

By Purchase Model:

Direct-to-consumer
Platform-to-consumer

By Payment Type:

Cash
Debit cards
Credit cards
Digital Wallets
Electronic bank transfers

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 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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Healthy Takeout Market Emerges as a Consumer-friendly Solution| FMI Projects a Wholesome CAGR of 10.4% By 2033

The healthy takeout market is predicted to develop at an impressive 10.4% CAGR from 2023 to 2033, exceeding the lower 10.3% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the healthy takeout market, increasing the market value from US$ 19.836 billion in 2023 to US$ 49.4474 billion by 2033

The emergence of user-friendly apps and driver networks supported by technology, shifting consumer expectations, and the pandemic’s effects have all contributed to the massive expansion of the healthy takeaway sector. Over 10% of all sales now come from takeout, which has grown to be a significant sales channel and a lifeline for struggling, healthy takeaway businesses. Technology advancements, shifting demographics, and busy lives have produced opportunities and fueled industry expansion. However, obstacles like increased prices for mobile apps and losses suffered by significant firms may impede market expansion and restrict growth potential.

the market for healthy takeaway may be stifled in the near future by customer perceptions of fast food as being unhealthy, pricing competition brought on by the industry’s diversity, and food controls enforced by the regime for food safety and standards.

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Key Takeaways

India’s healthy takeout market is going to exhibit a CAGR of 5.3% by 2033, driven by the desire for quick, wholesome food options and rising health consciousness.
The market for healthy takeaways in the United Kingdom is predicted to increase at a CAGR of 5.8% by 2033. This reflects consumers’ growing preference for healthier food options and the expansion of businesses catering to various dietary requirements.
China’s healthy takeaway industry is expected to thrive at an astounding CAGR of 12.1%, propelled by a confluence of health-conscious customers, growing urbanization, and a vibrant delivery environment.
Australia’s healthy takeaway market continues to develop, with a focus on fresh, locally sourced foods and an increasing emphasis on sustainable practices, with a relatively modest CAGR of 2.3% for the forecast period.
With a CAGR of 4.9% for the forecast period, Japan’s market for healthy takeaway exemplifies the country’s dedication to balanced eating by providing a range of traditional and cutting-edge alternatives that satisfy discriminating customers looking for convenience without sacrificing quality.

Competitive Landscape

California Almonds, Blue Diamond Growers, Mariani Nut Company, Wonderful Pistachios & Almonds, and Barney Butter are a few of the industry’s leading companies. These businesses respond to a variety of consumer tastes and nutritional requirements by offering a wide range of products made from almonds, such as almond milk, almond butter, almond flour, and whole almonds.

Companies use both global expansion and the development of their distribution networks as key strategies to increase their market reach. Partnerships also help market penetration for food manufacturers in the form of strategic alliances, internet platforms, and partnerships with retailers.

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Recent Developments

In June 2022, online ordering platform Lunchbox decided to acquire NovaDine, a multi-unit restaurant chain’s enterprise digital ordering provider. The terms of the arrangement were kept private. The acquisition gives Lunchbox access to an enterprise suite to develop its digital ordering technology, and it is envisaged that restaurant owners are going to be able to manage digital guest experiences from a single operating system as a result.
In May 2022, Fat Brands acquired the 85-unit franchised network of eateries that offers lunch, cookies, espresso, and ice cream treats from Crest Foods, the company stated on Wednesday. The stores’ current moniker, Fat, changed to Great American Cookies. Terms of the acquisition were kept private.

Key Segments

By Meal Type:

Breakfast
Brunch
Lunch
High Tea
Dinner

By Nature:

Vegetarian
Non Vegetarian
Vegan

By Cuisine Type:

Thai
Italian
Chinese
Japanese
Mexican
Indian
Greek
American
Others (Spanish, Mediterranean)

By Payment Type:

Cash
Debit Cards
Credit Cards
Digital Wallets
Electronic Bank Transfers

By Sales Channel:

Restaurants
Quick Service Restaurants
Chained foodservice
Independent foodservice
Casual Dining Restaurants
Fine Dining Restaurants
Cafes
Catering
Street Stalls/Kiosks

By Region:

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

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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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Capturing Growth in the Fortifying Agents Market: Investing in a US$ 168.9 Billion Industry Fueled by Rising Demand for Nutritional Supplements

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

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

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

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

Key Takeaways from Market Study

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

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

Competitive Landscape

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

Explore More Valuable Insights

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

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

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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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Flavored Yogurt Market: Forecasted US$ 106.2 Billion Industry Growth Fueled by Innovative Plant-Based Trends and Non-Dairy Alternatives

The global Flavored Yogurt Market is set to witness growth at a CAGR of 7.4% and top a valuation of USD 106.2 Bn by 2032. In the worldwide food and beverage business, the demand for innovative and exotic flavors is growing significantly. Aromatic and plant-based or vegetable-based yogurts, such as beet, carrot, and squash, are being introduced by companies. These products can be eaten as snacks or used in recipes. Furthermore, these plant-based yogurts are high in nutrients, which appeals to the millennial generation.

As a result, there will be a beneficial impact on the worldwide non-dairy yogurt market. Cargill Inc., for example, sells PURIS pea protein, which is made from yellow peas and processed without hexanes. The company has created a yogurt prototype that is functionally creamier and has a superior mouthfeel using the clean-tasting pea starch and pea protein ingredients.

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“Consumers’ shifting dietary patterns toward the use of flavored yogurt as a dessert and as an important dietary component has influenced the rise of yogurt and made it a popular food item in recent years.” said a lead analyst at FMI.

Drinkable Flavored Yogurt among Fastest Growing Breakfast Trends

Drinkable flavored yogurt is growing in popularity as a way to feed the body at the start of each day, thanks to consumer demand for more protein, better nutrition, and convenience. Many people’s daily routines are incorporating flavored yogurt and fruit smoothies containing nonfat yogurt, which have a higher nutritional value than most other popular breakfast options. In addition to helping consumers strengthen and grow muscles and control their appetite, yogurt can also help them regulate their digestion.

These advantages can be included in food formulations, making it easier to appeal to clean label campaigns and comply with new label standards. While drinkable yogurt stands apart from other conventional forms, there are other methods for these products to catch buyers’ attention. In the past, common flavors like strawberry, vanilla, and other fruit flavors were the norm, but now, imaginative producers are creating flavor profiles that are both decadent and enticing while also being low in sugar and fat.

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Who is winning?

Some of the leading companies offering flavored yogurt are General Mills, Inc.; Danone S.A., Nestle S.A., Chobani LLC, Lactalis, Fonterra Co-operative Group, Arla foods, Yakult Honsha Co., Ltd., ULTIMA FOODS, Chobani, LLC., Sodiaal, Müller UK & Ireland, Rainy Lanes Dairy Foods Ltd., Parmalat S.p.A., Chi Limited, Cargill, Incorporated., Mother Dairy Fruit & Vegetable Pvt. Ltd., Britannia Nutrition Foundation, and Others.

Flavored Yogurt Market by Category

By Nature, Flavored Yogurt Market is segmented as:

Organic Flavored Yogurt
Conventional Flavored Yogurt

By Form, Flavored Yogurt Market is segmented as:

Spoonable
Drinkable

By Flavor, Flavored Yogurt Market is segmented as:

Strawberry
Vanilla
Peach
Blueberry
Chocolate
Vegetable-based
Others

By End Use, Flavored Yogurt Market is segmented as:

Food and Beverage Industry
HoReCa
Household Retail

By Sales Channel, Flavored Yogurt Market is segmented as:

B2B
B2C
- Modern Trade
- Convenience Stores
- Traditional Grocery Stores
- Specialty Stores
- Online Retail
- Other Retail Formats

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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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Coffee Roaster Machine Market: Forecasted US$ 2.05 Billion Valuation by 2032 Driven by Rising Global Coffee Consumption

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

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

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

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

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

Key Takeaways from Market Study

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

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

Competitive Landscape

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

Explore More Valuable Insights

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

The study offers compelling insights based on product type (classic drum roasters, hot air roasters, centrifugal roasters, and others), capacity (up to 10 kg, 10 kg to 30 kg, 30 kg to 50 kg, and above 50 kg), control (automatic and manual), heat source (electric and gas), application (residential, commercial and industrial) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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About 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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Lactose-Free Butter Market: Projected US$ 603 Million Industry by 2033, Driven by Growing Lactose Intolerance Rates

The global lactose-free butter market is estimated to reach US$ 311 million in 2023 and is projected to reach US$ 603 million by 2033. According to Future Market Insights (FMI), the lactose-free butter market is poised to expand at 7% CAGR, over the forecast period. Lactose-free butter either contains very less or no lactose. Cream, which is lactose-free, is used for obtaining lactose-free butter.

The growing percentage of the lactose intolerant population presents a chance for product development in areas with strong demand for butter. Additionally, the product offers a range of diversification options to meet the demands in areas where supply is still limited.

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Key Takeaways from this Market Study Report:

The worldwide consumption of lactose-free butter worldwide could create an absolute growth opportunity of US$ 392 million over the next ten years.
Almost one-third of the population in the United States, suffer from lactose intolerance and here butter is considered an ingredient of cultural importance. So the consumption of lactose-free butter in the United States was higher in comparison to any other country. As per the FMI market survey report of 2022, the country captured a global market share of nearly 17.9%.
European countries are also known to have had a strong consumer base for both traditional and lactose-free butter for a very long time. Germany is the leading supplier of lactose-free butter in Europe and held a 5.3% global market share in 2022.
The demand for lactose-free butter in the United Kingdom is poised to exhibit a growth rate of 7.9% between 2023 and 2033.
Japan is a prominent market for lactose-free butter in the Asia Pacific region that held a global revenue share of 4.8% in 2022.
Owing to having an extensive food & beverages export industry, China is anticipated to grow at an annual growth rate of 5.2% through 2033.
India is a notably growing market for the production and supply of all types of dairy products in recent years. FMI predicts the sales of lactose-free butter to grow at an astounding 12.4% during the years 2023 to 2033.

Competitive Landscape for this Market:

Leading lactose-free butter market participants such as Kraft Heinz, Hain Celestial Group, Cargill, Corbion., Kerry Group, Ingredion, Dupont, Kellogg, and others. To build a sizable client base, leading lactose-free butter providers are concentrating on the regional expansion of their manufacturing facilities.

In order to appeal to environment-conscious consumers, several market players are now choosing practical and ecological packaging alternatives with extensive labeling. To increase their profitability, key market participants are likewise concentrating on e-commerce presence and are improving their social media marketing strategies.

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Recent Developments:

A new lactose-free butter was brought on the market in June 2022 by Cavin, which is a brand of the well-known FMCG firm, CavinKare, with headquarters in Chennai, India. This new product line of lactose-free butter is now offered in two varieties including frying butter as well as table butter.

An organic carbon zero-certified lactose-free butter was introduced by the New Zealand Dairy Cooperative and Anchor Fonterra in April 2022. It was independently certified by ToitEnvirocare to minimize and offset carbon emissions in light of the growing concerns to reduce carbon footprint.

Market Categorization:

By Product Type:

Spreadable Butter
Non-spreadable Butter

By Nature:

Organic Butter
Conventional Butter

By Source:

Cream
Milk
Skimmed
Whole

By End-use Verticals:

Hotel, Restaurant, & Café (HoReCa) or Foodservice Sector
Household or Retail Sector
Food Industry
Bakery and Confectionery Industry
Meat Products Industry
Infant Formula Industry
Dessert Making

By Distribution Channel:

Direct Sales Channels
Indirect Sales Channels
- Hypermarkets or Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers

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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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Global Spreads Market: Forecasted US$ 53.2 Billion Industry Growth by 2033 Driven by Demand for Natural Ingredients and Gourmet Products

The global spreads market is worth US$ 29.9 Billion as of now and expected to reach US$ 53.2 Billion by the year 2033 at a CAGR of 5.9% between 2023 and 2033.

With growing demand for condiments and sauces made from natural ingredients coupled with spike in production of preserves, gourmet jams, and artisan bakery products, the global spreads market is estimated to grow irrevocably in the forecast period.

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Gone are the days when spreads were merely looked upon as breakfast option to be had with bread. These days, they are used during office lunches, dining events, and leisure snacking times. This is evident from the fact that peanut butter could be used as cake filling along with cold dishes for dinner or lunch. Chocolate-based food spreads could be used in puddings and smoothies, and savory spreads could be used in pasta and pizza. It is a known fact that honey could be used as a tonic mixed with warm water all through the day.

Food & beverages market is getting influenced by flavor inspiration as consumers go ahead with exploration of luscious cuisines. Spreads’ ingredients do impart aroma, texture, and taste. They are turning out to be amongst the most preferred go-to convenience food option.

Nut-based spreads are seen to be a healthier alternative to the traditional spreads as they are rich in protein and provide instant energy.

At the same time, higher cost of materials used to make spreads is expected to restrain the spreads market going forward.

Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Spreads Market’. It has its determined team of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With independent living making the rounds all over, the global spreads market is likely to grow on an invigorating note in the near future”, says an analyst from Future Market Insights.

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Key Takeaways from Spreads Market

North America holds the largest market share with the US being subject to rising online penetration of spreads. Plus, it has been observed that country-specific brands are more into the picture offering analogous products, that too, at an all the more competitive rate.
Europe holds the second-largest market share with the UK dominating it. This could be attributed to growing interest in household baking. It has been observed that 20% of British consumers make use of spreads in several baking operations (apart from breakfast). France is also observing an increase in demand for premium spreads owing to rising wellness-conscious population.
The Asia-Pacific is expected to grow at the quickest rate in the spreads market in the forecast period with countries like India witnessing an increased spending participation on premium products like spreads. South Korea is expected to grow on behalf of single-person households making a beeline (single-person households prefer something on the go; which calls for increasing usage of spreads).

Competitive Spreads

VEGO Good Food GmbH has its Vego Chocolate spread in the market of the UK for addressing the rising demand for vegan, dairy-free products. The company offers chocolate spread, which is made using sunflower oil, raw cane sugar, cocoa powder, extracted vanilla, and lecithins (sunflower) shea butter.
JM Smucker has come up with fruit and honey spread with various natural ingredients for expanding product range.
Conagra Brands, Inc., in September 2019, put forth plant-based oils spreads under brand ‘Earth Balance’. These pressed oils are non-GMO, lactose-free, and vegan.
Lindt chocolate has its Hazelnut cream spreads to compete with Nutella hazelnut spreads.

What does the Report spread?

The research study is based on product type (jam & preserve spreads, nut based spreads (peanut butter, almond spreads, cashew spreads, walnut spreads, and macadamia spreads), chocolate spreads, savory spreads, and honey-based spreads), end-use (retail/household and commercial), nature (conventional and organic), and distribution channel (B2C (store-based retailing and online retailing) and B2B).
With end-consumers preferring healthy and natural spreads on artisan bakery products, the global spreads market is expected to witness grandeur in the forecast period.

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Spreads Market By Category

By Product Type:

Jam & Preserve Spreads
Nut Based Spreads
- Peanut Butter
- Almond Spreads
- Cashew Spreads
- Walnut Spreads
- Macadamia Spreads
Chocolate Spreads
Savory Spreads
Honey Based Spreads

By End-use:

Household/Retail
Commercial

By Nature:

Organic
Conventional

By Distribution Channel:

B2B
B2C
- Store-Based Retailing
- Online Retailing

By Region:

North America
Latin America
Europe
Asia Pacific Excluding Japan
Middle East and Africa(MEA)
Oceania
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 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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Grass-Fed Beef Market: Projected US$ 20.4 Billion Industry by 2033 Driven by Health Trends, Sustainability, and Quality Demands

The grass fed beef market is anticipated to secure a valuation of US$ 12.4 billion in 2023 and is predicted to reach US$ 20.4 billion by 2033. The market is estimated to register a CAGR of 5% during the forecast period.

Which are the Key Factors Influencing the Global Market?

Health and Nutrition: The increasing demand for healthy alternatives influences the global market. Grass fed beef is rich in omega-3 acids, antioxidants, and lower fat content with rich nutrition.
Sustainability and Animal Welfare:Consumers are concerned about environmental impacts and animal welfare, increasing the demand for grass fed beef. Consumers are regulating strict rules toward animal cruelty and choosing eco-friendly options.
Taste and Quality:Various end users prefer grass-fed beef to conventional beef due to its flavor, taste, and texture. The food sector provides natural flavor, natural taste, and high-quality products to meet consumers’ requirements.
Labeling and Marketing: Food manufacturers are concerned about the marketing and labeling of products. These labels assure them to sell their products to increase revenue. These manufacturers enhance transparency related to their products to their consumers to build trust among them.
Local and Organic Movements:Consumers are growing their interest in organic and local food. Further, they visit local farmers to learn about sustainable agriculture practices and produce eco-friendly products.

These are a few factors flourishing the global market during the forecast period.

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Key Takeaways:

The grass fed beef market is estimated to register a CAGR of 5% with a valuation of US$ 20.4 billion by 2033.
The United States is anticipated to secure a maximum share of 29.5% during the forecast period.
Germany is capturing a significant share of 14.5% of the global market by 2033.
In the historical period, the market registered a valuation of US$ 11.9 billion in 2022 with a CAGR of 2.9%.
The food service sector is leading the global market by capturing a maximum share by 2033.
With a share of 0.9%, Australia is significantly driving the global market by 2033.

How Key Players are Adding Values in the Global Market?

Key players innovate advanced products by investing significantly in research and development activities. These players play a vital role in expanding the global market through several marketing methodologies. These marketing methodologies are mergers, acquisitions, partnerships, product launches, and collaborations.

Key players focus on developing high-quality, sustainable products to reduce carbon emissions and attract consumers’ requirements. They are distributing their products on e-commerce websites, retail shops, and social media platforms to increase their sales volume.

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Recent Developments in the Global Market

Clearview Valley Farm is specialized in grass-finished and grass-fed beef. The company offers consumers sustainable and organic farming products to expand their business portfolio.
Strauss Brands produces various beef products such as roasts, ground beef, and steaks to expand its portfolio and enhance the business. They are direct sales and deliver their products from the farm to the consumer’s doorsteps.

Competitive Landscape

Key players operating in the global grass-fed beef market are focusing on promoting sales of grass-fed beef by providing information regarding the safety and health advantages of the product. In response to high demand, manufacturers are investing in mergers, acquisitions, and collaborations with regional players to expand their production facilities.

Other Essential Players Working in the Global Market

JBS Foods ® (Brand – Grass Run Farms)
Tyson Foods
Australian Agricultural Company Limited
Hormel Foods Corporation
Cargill, Inc.
ANZCO Foods
Conagra Brands, Inc.
Creekstone Farms Premium Beef, LLC
Sysco Corporation
Others

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Grass Fed Beef Market by Category

By Form:

Raw Meat
Processed Meat
Fresh Processed
- Cured
- Smoked
- Restructured
- Slices
- Chop meat
- Steak cuts
- Cuts
- Patties
- Sausages
- Nuggets
- Meatloaf
Dried
Others (Fermented, Pickled, etc.)

By Format:

Chilled
Frozen
Shelf Stable

By End Use:

Food Processing Industry
Foodservice (Hotels, Restaurants, Cafés
- Sauces, Dressings, and Glazes
- Snacks
- Baked Products
- Ready Meals
- Processed Meat Products &Marinades
- Seasoning
- Instant Noodle/Pasta
- Soups, Stocks, and Bouillon
- Others (Pie Gravies, etc.)
Institutional
Household (Retail)

By Distribution Channel:

Direct Sales/B2B
Indirect Sales/B2C
Hypermarkets/ Supermarkets
- Specialty Meat Outlets
- Groceries/Mass Retailers
- Wholesale Club Stores
- Butcher Shops
- Ranch
Online Retailing

By Region:

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

Contact Us: