#Poultry Market Analysis 2022

[marketinsight12]

Global Poultry Market Size Worth USD 628510 Million By 2030 | Growth Rate (CAGR) of 7.50%

The Global Poultry Market size was reasonably estimated to be approximately USD 378840 Million in 2023 and is poised to generate revenue over USD 628510 Million by the end of 2030, projecting a CAGR of around 7.50% from 2023 to 2030.

Poultry refers to domesticated birds raised for various purposes, including meat, eggs, and feathers. Chickens, ducks, turkeys, and geese are the most common types of poultry. Poultry farming has a long history and plays a crucial role in the global food industry. Chickens are the most widely raised poultry worldwide, with broilers bred for meat production and layers for egg production.

Broiler chickens are selected to grow quickly and efficiently convert feed into meat, making them a primary source of poultry meat. Layer chickens, on the other hand, are raised in specialized facilities and produce a significant number of eggs throughout their productive lifespan. These eggs are a valuable protein source and are consumed in various forms.

Ducks, turkeys, and geese are also raised for their meat and eggs, although their production levels are generally lower compared to chickens. Duck meat is known for its rich flavor, while turkey meat is popular during festive occasions. Geese are primarily raised for their meat and feathers, which are used in down products.

Leading players involved in the Poultry Market include:

"Tyson Foods Inc. (US), JBS S.A. (Brazil), BRF S.A. (Brazil), Cargill Inc. (US), Wen's Food Group (China), New Hope Group (China), Pilgrim's Pride Corporation (US), Charoen Pokphand Foods PCL (Thailand), Perdue Farms Inc. (US), Sanderson Farms Inc. (US), Koch Foods (US), Industries Bachoco S.A.B. de C.V. (Mexico), Marfrig Global Foods S.A. (Brazil), Guangdong Wens Foodstuff Group Co., Ltd. (China), LDC (Louis Dreyfus Company) (Netherlands), Foster Farms (US), Cremonini Group (Italy), MHP SE (Ukraine), Astral Foods Ltd. (South Africa), Maple Leaf Foods Inc. (Canada) and Other Major Players"

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Updated Version 2023 is available our Sample Report May Includes the:

Scope For 2023

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Market Driver:

One significant market driver for the poultry industry is the increasing awareness and demand for lean protein sources. Poultry meat, especially chicken, is renowned for its high-quality protein content with lower fat levels, making it an attractive choice for health-conscious consumers. As individuals become more conscious of their dietary choices and seek nutritious options, the poultry market stands to benefit from this trend. Additionally, the versatility of poultry products and the ease of preparation further enhance their appeal, driving the market's sustained growth.

Market Opportunity:

A promising market opportunity within the poultry industry lies in the growing trend towards organic and antibiotic-free poultry products. Consumers are becoming more conscious of the quality and origin of their food, leading to a surge in demand for poultry raised without the use of antibiotics or synthetic hormones. Capitalizing on this opportunity requires producers to adopt sustainable and ethical farming practices, providing consumers with a healthier and environmentally friendly alternative. Companies investing in organic and antibiotic-free poultry production can tap into this niche market, appealing to a segment of consumers seeking premium and responsibly sourced poultry products.

The latest research on the Poultry market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Poultry industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Poultry market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Poultry Market:

By Type

Chicken

Turkey

Duck

Others

By End-use

Commercial

Household

By Nature

Organic

Seasoned

Frozen

Ready-To-Cook

Ready-To-Eat

By Distribution Channel

Hypermarket

Supermarket

Specialty Store

Online

By Body Part Type

Chest/Breast

Thighs/Legs

Drumsticks

Wings

Others.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Reasons to Purchase this Market Report:

Market forecast analysis through recent trends and SWOT analysis

Poultry Market Dynamics Scenarios with Market Growth Opportunities over the Next Year

Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts

Poultry Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.

Competitive environment related to the Poultry market share for key players, along with new projects and strategies that players have adopted over the past five years

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[foodandbeverages]

Organic Acid Market Potential Growth, Share, Demand And Analysis Of Key Players- Analysis Forecasts To 2032

In 2022, it is anticipated that the organic acids market will reach US$ 11.3 billion. The market for organic acid is expected to reach US$ 18.8 Bn by 2032, growing at a constant CAGR of 5.3% throughout the projected period.

Market prospects are anticipated to be favorable due to the expanding use of organic acids in the food and beverage industry. In addition, during the course of the projection period, there will be chances for market expansion due to the rising demand for organic acid alternatives.

These acids have multiple applications in animal feed industry to inhibit bacterial growth and provide hosts with nutritional content. They are used in cosmetics to get rid of dead cells and nourish skin. Owing to these factors, demand for organic acids is expected to rise in the forthcoming years.

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Consumers are adopting a healthy lifestyle and are conscious about the intake of any products that contain chemical ingredients which be harsh on their skin or cause any side effects because of daily consumption.

Consumer preference for brands that are offering organic products without harmful chemical additives is expected to influence the demand for organic acids. To fulfil rising consumer demand for natural products, manufacturers are developing technologies and clean label products that do not cause any harm to environment and human health.

Asia Pacific is expected to witness surge in demand for organic acids due to less stringent policies. North America is expected to be the hub for manufacturing and export of different organic acids due to easy availability of infrastructure and technical know-how.

“Growing preference for clean label products across the food & beverage sector, coupled with increasing incorporation of organic acids in animal feed will steer growth in the market over the forecast period,” says an FMI analyst. 

Key Takeaways:

The     organic acid market is expected to grow at CAGR of 5.2% and 4.2% in North     America and the Latin America, respectively, through 2032.

Asia     Pacific is expected to account for 30% of the total organic acid market     share share.

The     Europe organic acid market is expected to reach a valuation of US$ 4.5 Bn     over the forecast period.

Total     sales in the U.S. organic acids market will reach a valuation of US$ 2.1     Bn in 2022.

The     India organic acid market valuation will total US$ 1.07 Bn in 2022.

By     application, sales in the poultry and farming segment are projected to     account for 30% of the total market share.

Based     on product type, demand for citric acid will continue gaining traction.

Competitive Landscape

Key organic acid manufacturers are focusing on research & development to offer various products with no chemical additives. Key players are collaborating and developing new products to penetrate untapped markets. For instance:

Eastman     Chemical Company announced the acquisition of 3F Feed & Food, a     European pioneer in the commercial and technical producer of livestock     feed and human food additives. 3F’s operations and assets, which are based     in Spain, will improve and support Eastman’s animal nutrition industry’s     sustained future demand and will be integrated into the company’s     Additives & Functional Products division.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global reduced fat butter 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 (Lactic Acid, Formic Acid,  Acetic Acid, Citric Acid,  Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid), Application (Poultry and Farming, Pharmaceuticals, Industrial, Food & Beverages)Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

Frequently Asked Questions

How     much is the global organic acid market worth?

What     is the demand outlook forecast for the organic acid market?

At     what rate did the demand for organic acid grow between 2027 to 2021?

At     what rate will organic acid demand grow in Europe?

What     is the North America organic acid market outlook?

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[trendingrepots]

Biopolymers Market - Forecast(2024 - 2030)

Biopolymers Market Overview

The Biopolymers Market size is projected to reach US$27.5 billion by 2030, after growing at a CAGR of 11.5% over the forecast period 2024-2030. The various benefits associated with the biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate, polybutylene succinate and more include biocompatibility, biodegradability, renewability and more. These benefits make biopolymers a sustainable replacement for petroleum-derived materials. The bolstering food & beverage industry, including poultry products, dried food and more is the primary factor driving the biopolymers market growth. For instance, the FAO’s food outlook published in June 2023 expects global poultry meat production to reach more than 142 million mt, a 1.3% increase compared to 2022’s value. However, The COVID-19 pandemic resulted in restrictions affecting various aspects of the supply chain, including logistics, which had a detrimental impact on production activities in the biopolymers industry. Following the pandemic, government measures aimed at rejuvenating production activities played a crucial role in fueling the recovery and growth of the biopolymers industry. Moreover, the growth of the medical and healthcare industry is fueling the demand for biopolymers. As a result, the biopolymers market size will grow throughout the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage 

The "Biopolymers Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biopolymers Market. 

By Type: Bio-based Polyesters [Polylactic Acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polytrimethylene Terephthalate (PTT) and Others], Bio-based Polyolefins, Bio-based Polyamides (Bio-PA) (Homopolyamides, Bio-PA 6, Bio-PA 11, Copolyamides and Others), Polyurethanes, Polysaccharide Polymers (Cellulose-based Polymers and Starch-based Polymers) and Others.

By Molding Process: Extrusion, Injection, Melt compounding and Others.

By Application: Packaging (Rigid Packaging and Flexible Packaging), Fibers, Paper & Cardboard Coatings, Agricultural Seed Coatings, Automotive Interiors & Exteriors, Medical Implants, Circuit Boards, Insulators, Laminates and Others. 

By End-use Industry: Food & Beverage (Fresh Food, Bakery, Frozen Food, Dried Food, Poultry Products, Dairy Products, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages and Others), Medical & Healthcare (Pharmaceuticals, Medical Devices and Others), Agriculture, Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Textile, Aerospace (Commercial, Military and Others), Building & Construction (Residential, Commercial, Industrial and Others) and Others 

By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)]

Key Takeaways

• Europe dominated the Biopolymers Market, owing to the growth of the fresh food industry in the region. For instance, according to the Federal Statistical Office of Germany,roughly 6,100 agricultural holdings in Germany harvested a total 3.8 million tonnes of vegetables in 2022.

• The government initiatives for green initiatives are fuelling the demand for Biopolymers such as polyesters, polyethylene and more are driving the market growth.

• Moreover, the increasing adoption of Biopolymers in packaging applications is also accelerating market growth. 

• However, the high cost of the Biopolymers is expected to create a retrain for the market growth during the projected forecast period.

  Biopolymers Market Segment Analysis – by Application 

The packaging segment held the largest Biopolymers Market share in 2023 and is estimated to grow at a CAGR of 10.4% over the forecast period 2024-2030. Biopolymers such as polyesters, polylactic acid, polyhydroxybutyrate and more are frequently deployed in packaging because they enhance the shelf-life of the product and also it reduces the overall carbon footprint related to food packaging. The films composed of biopolymers such as polysaccharides and protein-composed increase mechanical and optical properties. As a result, biopolymers packaging is employed across various end-use industries, including food & beverages, medical & healthcare and more. Thus, owing to the above-mentioned benefits, the adoption of biopolymers is surging in packaging applications, which is accelerating market growth. 

Biopolymers Market Segment Analysis – by End-use Industry 

The food & beverage segment held a significant Biopolymers Market share in 2023. The key properties of biopolymers are high strength, lightweight and heat resistance. As a result, biopolymers are frequently used in the food and beverage industry. Moreover, due to their superior quality, functionality, affordability and composability, they are an ideal replacement for single-use plastic food & beverage packaging. The surging development of food & beverage facilities, governmental initiatives and others are the crucial variables propelling the food & beverage industry's growth. For instance, according to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025-2026. Hence, the growth of the food & beverage industry is expected to fuel the demand for biopolymers. As a result, the market growth will accelerate during the upcoming years. 

Biopolymers Market Segment Analysis – by Geography 

Europe is the dominating region as it held the largest Biopolymers Market share in 2023. The economic growth of Europe is driven by the growth of the various industries, including food and beverage, medical & healthcare and other similar industries. The food and beverages industry growth are vital for food security in the European region. For instance, according to Food Drink Europe, the food and drink industry in Europe produced a 107.7 production index in the fourth quarter of 2022 and a 109.2 production index in the first quarter of 2023, an increase of 1.4 percent. Also, according to the European Union, in 2022, the production of fruits in the European Union countries was about 35.9 million metric tons and out of this, apples and pears production were the highest at 14.7 million metric tons, which was 40.9% of the total fruit production. Therefore, the booming food & beverage industry in Europe is boosting the demand for biopolymers. This, in turn, is proliferating the biopolymers market size growth.

[prajwal-agale001]

Vitamin & Mineral Premixes Market Insights: Animal Feed’s Dominance and Future Outlook

According to the latest report from Meticulous Research®, the global vitamin & mineral premixes market is set to reach $12.13 billion by 2029, driven by a robust CAGR of 4.8% from 2022 to 2029. This market growth is underpinned by increasing health and wellness trends, a rising demand for compound animal feed, and an escalating need for vitamins and minerals across various sectors, including food & beverages, animal feed, healthcare, and personal care products. Despite the growth prospects, challenges such as complex regulatory landscapes for food and feed fortification and the high costs associated with vitamin and mineral-enriched products could temper market expansion. Nevertheless, the increasing consumer shift towards healthier diets and the growing demand for feed applications in developing regions present significant growth opportunities for market players.

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Market Drivers and Challenges

The expansion of the vitamin & mineral premixes market is largely driven by several key factors. The global health and wellness trend continues to accelerate, prompting consumers to seek products that enhance their nutritional intake. The demand for compound animal feed is increasing, driven by the growing livestock sector and a focus on improving animal health and productivity. Additionally, the fortification of food and beverages, along with rising adoption of dietary supplements, is bolstering market growth. However, the market faces hurdles such as stringent regulations regarding the fortification of food and feed products and the premium pricing of enriched products, which may impact market dynamics.

Segment Analysis

The vitamin & mineral premixes market is categorized into several segments, each contributing differently to the market’s growth trajectory.

1. Type: Vitamin & Mineral Blends Leading Growth

Among the various types, the vitamin & mineral blend segment is projected to experience the highest CAGR during the forecast period. This rapid growth is attributed to increasing consumer preference for blends of functional ingredients that offer multiple nutritional benefits. The rising incidence of vitamin and mineral deficiencies drives the consumption of such blends. Moreover, the demand for fortified feed and food products further fuels the growth of this segment. Blends are favored for their comprehensive approach to addressing nutritional needs, making them a popular choice across diverse applications.

2. Form: Liquid Form Outpacing Dry Form

The form segmentation reveals that liquid vitamin & mineral premixes are expected to grow at the highest rate. This growth is driven by the broad application of liquid products in sports drinks, functional beverages, and other consumables that benefit from easy absorption. Liquid forms are preferred for their rapid digestibility and immediate absorption into the bloodstream, which is particularly beneficial for geriatric populations and those with specific health needs. The convenience and effectiveness of liquid premixes are propelling their increasing adoption across various consumer segments.

3. Application: Animal Feed Segment Dominates

In terms of application, the animal feed sector is anticipated to hold the largest market share in 2022. This dominance is largely due to the growing consumption of poultry meat and the expansion of poultry farming, especially in developing regions such as Asia-Pacific and South America. The demand for vitamin and mineral premixes in animal feed is driven by their role in maintaining animal health and productivity. Increased consumer awareness regarding pet nutrition and the nutritional benefits of premixes contribute to the sector’s significant market share.

Regional Insights

The global vitamin & mineral premixes market is analyzed across major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these, Asia-Pacific is expected to exhibit the highest growth rate during the forecast period. This growth is fueled by the expansion of the compound animal feed industry, economic development, and a rising demand for fortified food products in emerging markets such as India, China, Indonesia, and Thailand. Increased investments from major industry players and a burgeoning consumer base further drive the region’s market growth.

Competitive Landscape

The competitive landscape of the vitamin & mineral premixes market is characterized by the presence of several key players, each striving to capitalize on market opportunities and enhance their market positions. Notable companies operating in this sector include:

Koninklijke DSM N.V. (Netherlands)

Glanbia, Plc (Ireland)

Corbion N.V. (Netherlands)

Wright Enrichment Inc. (U.S.)

Vitablend Nederland B.V. (Netherlands)

Nutreco N.V. (Netherlands)

SternVitamin GmbH & Co. KG (Germany)

Watson Inc. (U.S.)

Cargill, Incorporated (U.S.)

Archer-Daniels-Midland Company (U.S.)

Jubilant Life Sciences Limited (India)

These key players are focusing on innovation, strategic partnerships, and geographic expansion to strengthen their market presence. They are investing in research and development to create advanced premix solutions that cater to evolving consumer needs and regulatory requirements.

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Conclusion

The global vitamin & mineral premixes market is poised for substantial growth, driven by rising health awareness, increasing demand for fortified products, and expanding applications in animal feed. Despite challenges such as regulatory complexities and high costs, the market's overall outlook remains positive. With a projected market size of $12.13 billion by 2029, the vitamin & mineral premixes industry presents ample opportunities for innovation and growth. Key players in the market are well-positioned to leverage these opportunities and drive continued advancement in the sector.

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[kathansky]

Global Animal Health Market: Size, Share, Growth, Industry Trends | 2024-2031

Leading market research firm SkyQuest Technology Group recently released a study titled 'Animal Health Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Animal Health report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Animal Health Market extensively demonstrates existing and upcoming opportunities, profitability, revenue growth rates, pricing, and scenarios for recent industry analysis.

The research analysis on the global Animal Health Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Animal Health Market circumstances in the forecast period between 2024 and 2031. The global Animal Health Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements. Market Growth The Animal Health Market has experienced robust growth over the past decade and is projected to continue expanding. Global Animal Health Market size was valued at USD 58.28 billion in 2022 and is poised to grow from USD 63 billion in 2023 to USD 117.48 billion by 2031, at a CAGR of 8.1% over the forecast period (2024- 2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.

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Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR): The Animal Health Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.

Animal Type

Production Animals (Poultry, Swine, Cattle, Sheep & Goats, Fish), Companion Animal (Dog, Cat, Horse, Others)

Product

Biologics (Vaccines [Modified/ Attenuated Live,Inactivated(Killed), Other Vaccines], Other Biologics), Pharmaceuticals (Parasiticides, Anti-Infectives, Anti -Inflammatory, Analgesics, other), Medicinal Feed Additives, Diagnostics (Consumables, Reagents and Kits,Instruments and Devices), Equipment & Disposables (Critical care Consumables, Anesthesia equipment, Temprature Management Equipment, Rescue & Resuscitation Equipment, Research Equipment, Patient Monitoring Equipment), Others (Veterinary Telehealth, Veterinary Software, Livestock Monitoring)

Distribution Channel

Retail, E-Commerce, Hospital/Clinic Pharmacy

End Use

Veterinary Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics and Others

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Following are the players analyzed in the report:

Zoetis Inc. 

Merck Animal Health 

Elanco Animal Health 

Boehringer Ingelheim Animal Health 

Bayer Animal Health 

Virbac 

Ceva Santé Animale 

IDEXX Laboratories, Inc. 

Vetoquinol S.A. 

Dechra Pharmaceuticals PLC 

Neogen Corporation 

Phibro Animal Health Corporation 

Kindred Biosciences, Inc. 

Norbrook Holdings Limited 

Heska Corporation 

Nutreco N.V. 

AniCura AB 

PetIQ, Inc. 

Idexx Laboratories 

Petmed Express, Inc.

Regional Analysis 1. North America: - The United States and Canada dominate the North American Animal Health Market. The U.S. is the largest market globally, driven by advanced global infrastructure, high R&D investments, and significant Animal Health consumption. 2. Europe: - Europe is a significant player, with major Animal Health Markets in Germany, France, and the United Kingdom. The region benefits from strong regulatory frameworks, high industry standards, and a robust R&D sector. 3. Asia-Pacific: - This region is experiencing rapid growth, with countries like China and India leading the charge. Factors such as increasing industry access, growing middle-class populations, and expanding Animal Health manufacturing capabilities contribute to this growth. 4. Latin America: - Brazil and Mexico are key markets in Latin America. Growth in this region is driven by rising industry needs, increasing investments in industry infrastructure, and a growing demand for affordable medications. 5. Middle East and Africa: - The Animal Health Market in this region is expanding due to rising market spending, increased prevalence of diseases, and improvements in Market infrastructure, although the market is relatively smaller compared to other regions. Future Outlook The Animal Health Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.

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[shubhampawrainfinium]

Micronutrient Innovations: The Future of Animal Feed Nutrition

The increasing demand for high-quality animal nutrition is driving the global animal feed micronutrients market, which is expected to grow at a compound annual growth rate (CAGR) of nearly 5% over the forecast period of 2022-2028. The market was valued at over USD 1.7 billion in 2022 and is projected to reach approximately USD 2.2 billion by 2028.

Overview of Animal Feed Micronutrients

Animal feed micronutrients are essential nutrients required in trace amounts to improve the health, growth, and productivity of livestock. These include vitamins, minerals, amino acids, and other trace elements, playing a crucial role in enhancing animal metabolism, disease prevention, and overall performance. They are particularly important for livestock such as poultry, cattle, swine, and aquaculture species.

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Market Dynamics

Several factors are contributing to the growth of the animal feed micronutrients market:

Increasing Demand for Meat and Dairy Products: The growing global population, coupled with rising incomes and changing dietary patterns, has led to increased consumption of meat, dairy, and other animal products. This, in turn, is driving the demand for high-quality animal feed to enhance livestock productivity and meet consumer demand for animal-based food products.

Focus on Animal Health and Nutrition: The health and well-being of livestock are increasingly prioritized to ensure the production of safe, nutritious animal products. Feed micronutrients play a crucial role in maintaining the health of livestock by preventing nutrient deficiencies, enhancing immune function, and promoting growth. This focus on animal health is propelling the demand for micronutrient-enriched feed.

Technological Advancements in Animal Nutrition: Continuous advancements in animal nutrition technologies are leading to the development of more effective and efficient feed formulations. This includes the precise addition of micronutrients to ensure optimal health benefits for animals, which in turn drives market growth.

Sustainability and Environmental Concerns: The livestock industry is facing growing pressure to reduce its environmental impact. Micronutrients in animal feed can help improve feed efficiency, reduce the amount of feed required, and lower greenhouse gas emissions, supporting sustainable livestock farming practices.

Regional Analysis

North America: The animal feed micronutrients market in North America is well-established, driven by the large-scale livestock farming industry. The U.S. and Canada are key markets, with a strong focus on improving livestock health and productivity.

Europe: Europe is a significant player in the global animal feed micronutrients market. Countries such as Germany, the UK, and France are focusing on enhancing animal welfare and nutrition, contributing to market growth in this region.

Asia-Pacific: The Asia-Pacific region is expected to experience significant growth in the animal feed micronutrients market, driven by the expanding livestock industry in countries such as China, India, and Australia. The rising demand for meat and dairy products, coupled with a growing awareness of animal nutrition, is fueling market expansion.

Rest of the World: The market for animal feed micronutrients is also growing steadily in regions such as Latin America, the Middle East, and Africa, where livestock farming plays a critical role in the economy and food supply.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-animal-feed-micronutrients-market

Competitive Landscape

The global animal feed micronutrients market is highly competitive, with several key players vying for market share through product innovation, partnerships, and expansion strategies. Leading companies in this market include:

Cargill, Inc.: A global leader in agricultural products and solutions, Cargill offers a wide range of animal feed micronutrients to enhance animal health and performance.

BASF SE: As a leading chemical company, BASF provides innovative micronutrient solutions for animal feed, focusing on sustainability and efficiency.

Royal DSM N.V.: Known for its expertise in nutrition and health, DSM offers a broad portfolio of micronutrients designed to improve livestock productivity.

Nutreco N.V.: Nutreco is a key player in animal nutrition, providing micronutrient solutions to enhance feed efficiency and livestock health.

Challenges and Opportunities

Cost Constraints: The high cost of adding micronutrients to animal feed can be a challenge for small-scale farmers, particularly in developing regions. However, as feed efficiency improves and animal health benefits become more apparent, the long-term cost savings may outweigh initial investments.

Regulatory Compliance: The animal feed industry is subject to stringent regulations regarding the use of additives, including micronutrients. Ensuring compliance with these regulations across different regions can be complex and challenging for manufacturers.

Product Innovation: There are significant opportunities for product innovation in the animal feed micronutrients market. Developing new formulations that cater to specific livestock species, growth stages, or production systems can help companies differentiate themselves in a competitive market.

Conclusion

The global animal feed micronutrients market is set for steady growth, with a projected CAGR of nearly 5% during the forecast period of 2022-2028. The increasing focus on animal health and nutrition, coupled with rising demand for high-quality animal products, is driving market expansion. With advancements in animal nutrition technologies and a growing emphasis on sustainability, the market offers significant opportunities for innovation and growth. By 2028, the market is expected to reach nearly USD 2.2 billion, solidifying its importance in the global livestock industry.

[uptothetrendblogs]

Food Traceability Market Analysis by Size, Share, Growth, Trends (2024-2032)

Introduction:

According to a new report published by UnivDatos Markets Insights, the Food Traceability Market is expected to grow at a CAGR of around 10% from 2022-2028. The analysis has been segmented into Technology type (Radio-Frequency Identification, Barcodes, Infrared, Biometrics, and Global Positioning System); Software (Enterprise Resource Planning, Friction Welding, Laboratory Information Management Software, Warehouse Software, and Others); Application (Fresh Food Produce, Meat, Poultry & Seafood Products, Dairy Products, Beverage Products, and Others); Region/Country.

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The food traceability market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the food traceability market. The food traceability market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the food traceability market at the global and regional levels.

Market Overview

Food traceability is the ability to follow the movement of a food product and its ingredients through all steps in the supply chain, both backward and forward. The rising demand for safe consumables along with the higher complexity of the supply chain of the food industry is attributed to the market growth of the food traceability market. Furthermore, the increasing incidences of food adulteration coupled with the increasing number of food-borne diseases are the main factors for the market growth of the food traceability market.

The increasing food safety issues are expected to drive the global food traceability market at a CAGR of 10%, during the forecast period. The increasing number of foodborne diseases along with the rising incidences of food adulteration is among the important reasons catalyzing the market growth of food traceability.

COVID-19 Impact

COVID-19 has a staggering effect and has a negative impact on the global economy due to imposed lockdowns and government restrictions. The market for food traceable is also affected by the COVID-19 pandemic because of the strict restrictions on the industry, the small-scale industry faced monetary losses and the negative impact of the pandemic on the supply chain is the important reason for the hampered growth of the food traceability market.

The global food traceability market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on the technology type, the market has been categorized into radio-frequency identification, barcodes, infrared, biometrics, and global positioning system. Among them, the barcode segment is expected to have significant growth in the market. The bar codes are easy to use and do not require any training to use them. Furthermore, a large information can be stored inside the bar code and helpful in the easy management of the food product.

·        Based on the software, the market has been categorized into enterprise resource planning, friction welding, laboratory information management software, warehouse software, and others. Among them, the enterprise resource planning (ERP) segment is expected to have higher during the forecast period. An ERP allows food traceability and food tracking. It allows the user to track the manufacturing, provides information about the cost as well as helps organizations to analyze the cost of the product, and aids in managing manufacturing processes.

·        Based on the application, the market has been categorized into fresh food produce, meat, poultry & seafood products, dairy products, beverage products, and others. Among them, the fresh food produce category is expected to witness significant growth in the market during the forecast period. This is mainly due to the rising adoption of a healthy lifestyle increased demand for fresh fruits and vegetables. Furthermore, the increasing consumer focus on ethically produced goods is also another reason affecting the market growth of the segment.

Food Traceability Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·        Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·        Rest of the World

The Asia Pacific is expected to experience the fastest growth in food traceability market due to the rising awareness about the importance of food quality among the population. Furthermore, the presence of a large population in the region supplemented by the increasing number of the food & beverage industry in the region are the important factors affecting the market size of the food traceability market in the region. 

The major players targeting the market include

·        Honeywell International Inc

·        C.H. Robinson Inc

·        DuPont Nutrition and Biosciences

·        Bio-Rad Laboratories

·        IdentiGEN

·        IBM Corporation

·        Intertek Group

·        Cognex Corporation

·        MASS Group

·        Zebra Technologies.

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Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Food Traceability market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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UnivDatos Market Insights

Email - contact@univdatos.com 

Website - https://univdatos.com/

[bhavanameti]

Food Packaging Equipment Market Poised to Achieve $25.37 Billion

Meticulous Research® - a leading market research company, published a research report titled “Food Packaging Equipment Market by Type (Form-fill-seal Equipment, Cartoning Equipment, Filling & Dosing Equipment, Wrapping & Bundling Equipment, Case Packing Equipment), Application, and Geography - Global Forecasts to 2029”.

The Food Packaging Equipment Market is poised for substantial growth, with an anticipated CAGR of 6% from 2022, projecting to reach $25.37 billion by 2029. In terms of volume, the market is expected to expand at a CAGR of 8% during the same period, reaching 12,131.3 thousand units by 2029. This growth is primarily driven by the increasing integration of automated technologies, machinery flexibility, and the rising demand for hygienic food packaging. Additionally, food manufacturers are increasingly inclined towards using efficient packaging products.

Emerging economies experiencing a surge in the packaged food industry and the use of packaging as a tool for product differentiation present significant growth opportunities for market players. However, challenges persist, including the high cost of advanced packaging solutions and stringent environmental regulations. Recycling complexities of multilayer films and a scarcity of skilled personnel further impede market growth.

The global food packaging equipment market is segmented based on type, application, and geography, with an in-depth analysis of industry competitors and country-level market assessment. The types of equipment include form-fill-seal, cartoning, filling & dosing, wrapping & bundling, case packing, labeling & coding, inspecting, detecting, and checking weighing machines, among others.

In 2022, form-fill-seal equipment is expected to dominate the market, particularly due to the speed and versatility it offers, streamlining packaging processes. This segment includes both vertical and horizontal form-fill-seal equipment, with the former accounting for a larger share due to its suitability for automated assembly-line packaging systems.

Application-wise, segments such as meat, poultry, and seafood are anticipated to hold significant market shares, driven by increased consumption of processed and frozen products. Geographically, Asia-Pacific is expected to lead the market, owing to rising packaged food applications and a high concentration of local packaging equipment manufacturers.

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The key players profiled in the food packaging equipment market are Syntegon Technology GmbH (Germany), Coesia S.P.A (Italy), GEA Group Aktiengesellschaft (Germany), MULTIVAC Group (Germany), IMA Group (U.S.), Krones AG (Germany), Tetra Laval Group (Switzerland), OPTIMA Packaging Group GmbH (Germany), ARPAC LLC (U.S.), Ishida Co. Ltd (Japan), Omori Machinery Co. Ltd. (Japan), and TNA Solutions Pty Ltd. (Australia).

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type, application, and geography?

What is the historical market size for global food packaging equipment across the globe?

What are the market forecasts and estimates for the period 2022–2029?

What are the major drivers, restraints, opportunities, and challenges in the global food packaging equipment market?

Who are the major players in the market, and what are their market shares?

How is the competitive landscape for the global food packaging equipment market?

What are the recent developments in the global food packaging equipment market?

What are the different strategies adopted by the major players in the market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the global food packaging equipment market, and how do they compete with other players?

Contact us :

Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[industryforecastnews]

Sodium Nitrite Market Size To Reach $580.8Mn By 2030

Sodium Nitrite Market Growth & Trends

The global sodium nitrite market size is expected to reach USD 580.8 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 4.2% from 2023 to 2030. The demand is attributed to the increasing demand for preservatives in the food & beverage industry. Preservatives help increase food items' shelf-life by delaying the spread of pathogens and microorganisms. Thus, sodium nitrite is highly used to enhance the flavor of meat and maintain its original color (making it look more appealing and presentable to consumers), while preventing bacterial growth.

In the pharmaceutical sector, sodium nitrite is a well-known chemical molecule. Its most common application is as an antidote for cyanide poisoning, as it is quite effective even in severe cases. It is used in the production of saccharin and caffeine and is commonly utilized as a raw material and preservative in pharmaceutical formulations like eye drops. Since sodium nitrite contains nitrogen, the product can be utilized as a control agent in a variety of medicines. It is also utilized as a butadiene antifoaming agent and a raw material for aminopyrine and sulpyrine antipyretic analgesics. Thus, multiple applications of the product in the pharmaceutical industry indicate that the growth of this industry is expected to drive the demand for pharmaceutical-grade sodium nitrite in the coming years.

The growing consumer acceptance of processed food in countries like China, India, Japan, and others is likely to bolster the demand for the product in the Asia Pacific. China is the world's largest consumer of food and beverages. The processed meat market of China majorly includes beef, pork, poultry, mutton, and others, which require the use of sodium nitrite as a preservative, thus driving the demand for the product market.

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Sodium Nitrite Market Report Highlights

Food & beverages application accounted for the largest market revenue share of over 66% in 2022. The growth is attributed to the increasing demand for the product as a preservative in processed meat and other food items

The pharmaceuticals segment was the second-largest application and is predicted to attain a CAGR of 4.7% over the forecast period, owing to its ability to act as a raw material or control agent for the development of several medicines used for treating muscular dystrophy, neurotransmission imbalances, epilepsy, and others

Asia Pacific dominated the regional segment with a revenue share of over 71% in 2022 due to the growth of the meat processing and food & beverage industries in the region

The increase in population and rising per capita disposable income drive the food and beverage market. According to a China Chamber of Commerce article published in 2020, the beverage market which includes drinks, vegetable juices, and fruits generated revenue of USD 39,330 million, thus driving the demand for the product in the country

Europe accounted for the second largest market share of over 16% in 2022 due to the changing consumer preference toward processed food over cooked food in the region. In the European Union (EU), sodium nitrite is approved as a food additive and is used to prevent microbial growth in meat, cheese, and fish products as it helps to improve the flavor while protecting it against botulism

Sodium Nitrite Market Segmentation

Grand View Research has segmented the global sodium nitrite market based on application and region:

Sodium Nitrite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Food & Beverages

Pharmaceuticals

Others

Sodium Nitrite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Asia Pacific

China

India

Japan

Central & South America

Brazil

Argentina

Middle East & Africa

South Africa

Saudi Arabia

List of Key Players in the Sodium Nitrite Market

Deepak Nitrite Ltd.

Airedale Chemical Company Ltd.

BASF SE

Shijizhuang Fengshan Chemical Co., Ltd.

Ural Chem JSC

Linyi Liguang Chemical Co., Ltd.

Radiant Indus Chem Pvt. Ltd.

Yingfengyuan Industrial Group Limited

SABIC

Chemtrade Logistics

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/sodium-nitrite-market-report  

[marketinsight12]

Global Poultry Market Size Worth USD 628510 Million By 2030 | Growth Rate (CAGR) of 7.50%

The Global Poultry Market size was reasonably estimated to be approximately USD 378840 Million in 2023 and is poised to generate revenue over USD 628510 Million by the end of 2030, projecting a CAGR of around 7.50% from 2023 to 2030.

Poultry refers to domesticated birds raised for various purposes, including meat, eggs, and feathers. Chickens, ducks, turkeys, and geese are the most common types of poultry. Poultry farming has a long history and plays a crucial role in the global food industry. Chickens are the most widely raised poultry worldwide, with broilers bred for meat production and layers for egg production.

Broiler chickens are selected to grow quickly and efficiently convert feed into meat, making them a primary source of poultry meat. Layer chickens, on the other hand, are raised in specialized facilities and produce a significant number of eggs throughout their productive lifespan. These eggs are a valuable protein source and are consumed in various forms.

Ducks, turkeys, and geese are also raised for their meat and eggs, although their production levels are generally lower compared to chickens. Duck meat is known for its rich flavor, while turkey meat is popular during festive occasions. Geese are primarily raised for their meat and feathers, which are used in down products.

Leading players involved in the Poultry Market include:

"Tyson Foods Inc. (US), JBS S.A. (Brazil), BRF S.A. (Brazil), Cargill Inc. (US), Wen's Food Group (China), New Hope Group (China), Pilgrim's Pride Corporation (US), Charoen Pokphand Foods PCL (Thailand), Perdue Farms Inc. (US), Sanderson Farms Inc. (US), Koch Foods (US), Industries Bachoco S.A.B. de C.V. (Mexico), Marfrig Global Foods S.A. (Brazil), Guangdong Wens Foodstuff Group Co., Ltd. (China), LDC (Louis Dreyfus Company) (Netherlands), Foster Farms (US), Cremonini Group (Italy), MHP SE (Ukraine), Astral Foods Ltd. (South Africa), Maple Leaf Foods Inc. (Canada) and Other Major Players"

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Updated Version 2023 is available our Sample Report May Includes the:

Scope For 2023

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Market Driver:

One significant market driver for the poultry industry is the increasing awareness and demand for lean protein sources. Poultry meat, especially chicken, is renowned for its high-quality protein content with lower fat levels, making it an attractive choice for health-conscious consumers. As individuals become more conscious of their dietary choices and seek nutritious options, the poultry market stands to benefit from this trend. Additionally, the versatility of poultry products and the ease of preparation further enhance their appeal, driving the market's sustained growth.

Market Opportunity:

A promising market opportunity within the poultry industry lies in the growing trend towards organic and antibiotic-free poultry products. Consumers are becoming more conscious of the quality and origin of their food, leading to a surge in demand for poultry raised without the use of antibiotics or synthetic hormones. Capitalizing on this opportunity requires producers to adopt sustainable and ethical farming practices, providing consumers with a healthier and environmentally friendly alternative. Companies investing in organic and antibiotic-free poultry production can tap into this niche market, appealing to a segment of consumers seeking premium and responsibly sourced poultry products.

The latest research on the Poultry market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Poultry industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Poultry market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Poultry Market:

By Type

Chicken

Turkey

Duck

Others

By End-use

Commercial

Household

By Nature

Organic

Seasoned

Frozen

Ready-To-Cook

Ready-To-Eat

By Distribution Channel

Hypermarket

Supermarket

Specialty Store

Online

By Body Part Type

Chest/Breast

Thighs/Legs

Drumsticks

Wings

Others.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Reasons to Purchase this Market Report:

Market forecast analysis through recent trends and SWOT analysis

Poultry Market Dynamics Scenarios with Market Growth Opportunities over the Next Year

Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts

Poultry Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.

Competitive environment related to the Poultry market share for key players, along with new projects and strategies that players have adopted over the past five years

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[altustechnotrends]

Canned Goods Market Trends in the COVID-19 Era: Top Companies Strategies to Recover from COVID-19 Pandemic 2024-2030

"The market research Canned Goods offers market 2024-2030 sizing and predictions in seven main currencies: USD, EUR, JPY, GBP, AUD, CAD, and CHF. The availability of different currencies facilitates informed decision-making for organization executives. The years 2019 through 2022 are regarded as historical years in this report, while 2023 serves as the base year, 2024 is the expected year, and the years 2024 through 2030 are regarded as the forecast period.

Global Canned Goods Market: Manufacturers

Conagra Brands, Del Monte Pacific, Hormel Foods, B&G Food, Campbell Soup, Ayam Brand, General Mills, Grupo Calvo, Kraft Heinz, Danish Crown, JBS, Dongwon Industries, Rhodes Food Group, Bolton Group, Bonduelle, Thai Union Frozen Products, Shanghai Maling, Gulong Food, Zi Shan, Linjiapuzi, Huanlejia, Cansi, Guangdong Ganzhu

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The Global Canned Goods Market Assessment Requires the Use of the FPNV Positioning Matrix. By looking at important variables related to Product Satisfaction and Business Strategy, it offers a thorough assessment of suppliers and empowers consumers to make selections based on their own requirements. Then, using a sophisticated analysis, these vendors are grouped into four different quadrants, Forefront (F), Pathfinder (P), Niche (N), and Vital (V), which correspond to different success levels.

An informative look at the current situation of vendors in a specific market space can be found in the Canned Goods Market Share Analysis. We can help firms better evaluate their performance and their competition when vying for market share by analyzing vendor contributions to overall revenue, client base, and other critical indicators. Additionally, the Canned Goods analysis clarifies the degree of competition in each sector with regard to accumulation, fragmentation domination, and amalgamation features during the base year period under investigation.

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The following advice is revealed in the Canned Goods market report:

Market Penetration: Gives thorough details on the Canned Goods market that the major companies are offering.

Market Development: Offers comprehensive details regarding profitable developing markets and examines market penetration across established market sectors.

Market diversification: Offers comprehensive data on investments, unexplored regions, new product launches, and recent advancements.

Market Trends: Offers a thorough grasp of the Russia-Ukraine Conflict, the High Inflation, and the Cumulative Effect of COVID-19

Competitive Assessment & Intelligence: Offers a thorough evaluation of the top companies' market shares, business plans, goods, certifications, regulatory approvals, patent portfolios, and manufacturing capacities.

Product Development & Innovation: Offers perceptive perspectives on upcoming technologies, research and development endeavors, and innovative product innovations.

Global Market: Type

Canned Fruit Canned Vegetables Canned Meat and Poultry Canned Aquatic Products Others

Global Market: Application

Restaurant Supermarkets Department Stores Online Sales Others

Highlights of the Canned Goods Market analysis:

With 2023 serving as the base year, this research offers a thorough analysis of the Canned Goods market as well as market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2030).

It presents appealing investment proposition matrices for this market and clarifies possible revenue prospects across several segments.

Important information is also provided by this report regarding market trends, regional outlooks, opportunities, opportunities, constraints, and competitive strategies used by major competitors, as well as new product launches or approvals.

Based on the following criteria—company overview, financial performance, product portfolio, market presence, distribution tactics, significant advancements, strategies, and future plans—it profiles major participants in the Canned Goods market.

Marketers and the companies' management authorities would be able to make well-informed decisions about their future product launches, type upgrades, market expansion, and marketing strategies with the use of the insights from this study.

Various industry stakeholders, such as investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts, are served by the Canned Goods market study.

With the usage of numerous strategy matrices for examining the Canned Goods market, stakeholders would find it easier to make decisions.

Read Report Description: https://altusmarketresearch.com/global-canned-goods-market-63171

The report provides answers to queries like:

What are the Global Canned Goods Market's size and forecast? What are the COVID-19-related barriers and how will they affect the global Canned Goods market throughout the projected period? Which Global Canned Goods Market goods, sectors, applications, and areas should investors focus on during the forecast period? What is the global Canned Goods market's competitive strategy window for opportunities? What are the global Canned Goods market's regulatory frameworks and technological trends? What percentage of the global Canned Goods market do the top vendors hold? Which approaches and tactical maneuvers are deemed appropriate for breaking into the global Canned Goods market?"

[digimarketresearch]

Residue Testing Market Size, Share, Trends, Growth Opportunities and Competitive Outlook

"Global Residue Testing Market document focuses on the efforts toward professional marketers, providing much-needed market research methodologies to the overall marketing processes. This market research report endows with all the crucial information regarding the market which helps to give guidance to a new user to grasp the market intensely. By keeping end users at the centre point, a team of researchers, forecasters, analysts and industry experts work exhaustively to formulate Residue Testing market research report. It is the most appropriate, rational and admirable market research report provided with a devotion and comprehension of business needs.

The analysis of market trends and dynamics is based on several factors in the credible Residue Testing report. These factors can be listed as; supply and demand, current trends/opportunities/challenges, market segments and sub-segments, technological breakthroughs, market size, value chain and stakeholder analysis, competitive landscape. The research and analysis performed in this industry report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. Global Residue Testing market research report provides a comprehensive study on production capacity, consumption, import and export for all major regions across the world.

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Data Bridge Market Research analyses that the residue testing market to be grow at a CAGR of 7.02% in the forecast period of 2022-2029.

Residue testing is commonly used to ensure that product quality meets both national and international market access and safety criteria. Pesticides, food allergies, poisons, heavy metals, and other contaminants are detected using a variety of ways. They're commonly found in processed foods, fruits and vegetables, grains, dairy products, meat and poultry, and other goods.

Countries Studied:

North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Objectives of the Report

To carefully analyze and forecast the size of the Residue Testing market by value and volume.

To estimate the market shares of major segments of the Residue Testing

To showcase the development of the Residue Testing market in different parts of the world.

To analyze and study micro-markets in terms of their contributions to the Residue Testing market, their prospects, and individual growth trends.

To offer precise and useful details about factors affecting the growth of the Residue Testing

To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Residue Testing market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Key questions answered

How feasible is Residue Testing Market for long-term investment?

What are influencing factors driving the demand for Residue Testing near future?

What is the impact analysis of various factors in the Global Residue Testing market growth?

What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America

Some of the major players operating in the residue testing market are SCS Global Services, Eurofins Scientific, Bureau Veritas, SGS SA, Intertek Group plc, ALS Limited, AB SCIEX, LLC, Scicorp Laboratories PTY Ltd., Microbac Laboratories, Inc., Symbio Laboratories, SIMA LABS, NSF International., Arbro Pharmaceuticals Private Limited, Fera Science Limited, AGQ Labs USA, METH LAB CLEANUP COMPANY, NEOGEN Corporation, QTS Analytical, Waters Agricultural Laboratories, Inc., and TRILOGY ANALYTICAL LABORATORIES, among others.

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[tritonmarketresearchamey]

Plant-based Food and Beverage Market | Sustainable Types & Substitutes

While many of us associate ‘meat’ with traditional animal products such as steaks and hamburgers, the United States Department of Agriculture (USDA), responsible for regulating meat and poultry, has a distinct perspective that defines meat as skeletal muscle and edible organs (e.g. liver, tongue) sourced from cattle, sheep, swine, and goats. However, animal-based meat, primarily sourced from muscle, is associated with numerous health issues, which is pushing demand for plant-based meat substitutes. According to Triton Market Research’s report, the global plant-based food and beverage market is expected to reach $84914.17 million by 2030, growing at a CAGR of 10.91% during the forecast period.

The increasing popularity of a plant-based diet and growing awareness of meat consumption have led to higher demand. According to the International Food Information Council (IFIC), 65% of Americans surveyed have eaten meat substitutes, with 20% consuming meat-like products at least once a week.

Drivers Surging the Popularity of Plant-Based Meat Substitutes

Shift towards Veganism - The veganism trend is growing worldwide because of proven benefits, including weight loss and higher intake of key nutrients such as magnesium and folic acid. Scientific evidence shows that a vegan diet improves emotional and physical health, alleviates depression, and reduces obesity. In the United Kingdom, 46% of people aged 16 to 75 are considering cutting back on animal products. Also, 15% of consumers in the UK reported reducing or eliminating dairy consumption.

Technological advancements and increasing consumer preference for organic and non-GMO supply chains (GM) have driven the Europe plant-based food and beverage market. It is expected to grow at a CAGR of 10.91% during the forecast period.

Rise in Lactose Intolerance - Lactose intolerance, caused by the inability to digest the lactose in dairy products, results in symptoms such as abdominal pain, flatulence, etc. More than 60% of the world’s population is affected by lactose intolerance. Adults of East Asian origin are most commonly affected (70-100%), followed by Native Americans, Asians, Mediterranean region, and Jews (75-90%). Plant-based alternatives such as almond, coconut, and rice milk have fewer calories and less fat than cow’s milk while providing important nutrients that reduce the risk of diseases. The increasing focus on health and wellness has driven high demand for plant-based food and beverages.

Sustainable Plant-Based Meat Substitutes: Market by Type

Textured Vegetable Protein

Textured vegetable protein are witnessing a rapid surge, especially in meat analogs and substitutes, particularly hamburgers and sausages. The rising demand for ‘free from’ foods and clean living has further increased the popularity of the segment. The Archer-Daniels-Midland Company (ADM) has a product range of textured soy protein, with 60-80% protein, named Nutrisoy. According to Triton’s report, the textured vegetable protein segment was valued at $4522.51 million in 2022 and is expected to grow at a CAGR of 10.86% during the forecast period.

Tofu

Growing health consciousness among consumers has increased demand for plant-based protein sources. As per Triton’s analysis, the tofu segment is estimated to rise with a CAGR of 10.81% during the forecast period. Recognizing the potential, Tofoo Co has expanded its production capacity at its Yorkshire factory by about 70% by installing new equipment. On the other hand, Tofu King planned to build the largest tofu factory in the UK by 2020 to meet the growing demand.

Tempeh

Tempeh is becoming increasingly substantial due to the growing demand from vegans, vegetarians and flexitarians. It is a convenient and versatile meat alternative with high protein content, suitable for various preparation methods. There is a growing interest in natural, non-GMO, and organic foods for better health. According to Triton’s report, the tempeh segment is expected to generate revenue of $704.89 million by 2030 at a CAGR of 10.63% over the forecasted period. Innovative offerings such as Soy Bean Company’s bright white mushroom-flavored tempeh and Impulse Tempeh in the UK, which has been focused on organic production for 30 years, to sustain in such a competitive market.

Conclusion

The plant-based food and beverage market will continue to thrive, with manufacturers, from startups to dominant leaders, driving rapid innovation by developing novel and sustainable alternatives, leveraging advanced technologies, and responding to evolving consumer preferences. Also, factors such as consumer intolerance for animal protein, a growing vegan population, and increased venture investments, collectively contribute to the steady advancement and expansion of the studied market.

FAQs:

Q1: What factors create opportunities in the market?

Factors like sustainable products, recyclable packing, revolutionary manufacturing procedures, and innovation create opportunities in the plant-based food and beverage market. Q2: What geographies are studied in the market?

Europe, North America, Latin America, Asia-Pacific, Middle East & Africa. Q3: Which are the key sales channels of the plant-based food and beverage market?

The key sales channels studied in the market are offline sales channel and online sales channel.

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The Food Packaging Equipment Market is set to experience substantial growth, projected to reach $25.37 billion by 2029 with a compound annual growth rate (CAGR) of 6% from 2022. Volume-wise, the market is expected to grow at an impressive CAGR of 8%, reaching 12,131.3 thousand units by 2029. This growth is fueled by the rising adoption of automated technologies and versatile machinery, heightened demand for hygienic food packaging, and food manufacturers’ increasing preference for efficient packaging solutions. Additionally, the expansion of the packaged food industry in emerging economies and the growing role of packaging in product differentiation offer significant opportunities for industry players.

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Nevertheless, the market faces challenges such as the high cost of advanced packaging solutions and stringent environmental regulations. Recycling multilayer films and a shortage of skilled personnel and training also present notable hurdles for market growth.

The food packaging equipment market is divided into segments based on type, application, and geography, with a detailed analysis of industry competitors and country-level markets.

By Type: The market includes form-fill-seal equipment, cartoning equipment, filling & dosing equipment, wrapping & bundling equipment, case packing equipment, labeling & coding equipment, inspecting, detecting, and checking weighing machines, and other equipment. In 2022, form-fill-seal (FFS) equipment is expected to dominate due to its speed and versatility. FFS systems use flexible films to create primary packages like bags or pouches, streamlining the packaging process and enhancing production efficiency.

By Form-Fill-Seal Equipment Type: This segment is further divided into vertical and horizontal form-fill-seal equipment. In 2022, vertical form-fill-seal equipment is expected to hold a larger share, owing to its adaptability in automated assembly-line systems and efficiency in managing floor space and frequent packaging changes.

By Application: The market is segmented into dairy, bakery, chocolate & confectionery, fruits & vegetables, meat, poultry & seafood, snack foods, and others. The meat, poultry, and seafood segment is anticipated to lead the market in 2022, driven by increased consumption of processed and frozen products and advancements in cold-chain logistics and packaging solutions.

By Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to capture the largest market share in 2022 due to the rising demand for packaged foods and the high presence of local packaging equipment manufacturers. Additionally, Asia-Pacific’s status as a major food commodity exporter further drives the demand for food packaging equipment in the region.

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Ketogenic Diet Market: Global Industry Analysis and Forecast 2023 – 2030

Ketogenic Diet Market Size Was Valued at USD 11.04 Billion in 2022 and is Projected to Reach USD 17.06 Billion by 2030, Growing at a CAGR of 5.6% From 2023-2030.

A diet that is high in fats, moderate in proteins, and low in carbohydrates is known as a ketogenic diet, or just the "Keto Diet." This kind of diet is usually used by someone who has treatment-resistant epilepsy in order to control their seizures or lose weight. Individuals who prioritize their physical appearance and performance, as well as those seeking to enhance their quality of life, continue to follow this dietary strategy.

Fish and seafood, poultry, low-carb vegetables, eggs, cheese, avocados, nuts, seeds, and oils, plain Greek yogurt, berries, sugar-free coffee and tea, dark chocolate, and cocoa powder, among other foods, are all included in the ketogenic diet. Because they are high in fat and low in carbohydrates, these foods are a great way for people who follow diets to meet their nutritional goals.

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Scope For 2024

Brief Introduction to the research report.

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Top players in the market

Research framework (structure of the report)

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Leading players involved in the Ketogenic Diet Market include:

Ample Foods (US), Ancient Nutrition (US), BPI Sports (US), Bulletproof 360 Inc. (US), JimmyBar Natural Foods (US), Danone S.A. (France), Nutricia (Netherlands), Hunter and Gather Foods Ltd. (UK), Glanbia Plc (Ireland), Nestlé S.A. (Switzerland), And Other Major Players. 

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Segmentation of Ketogenic Diet Market:

By Product Type

Supplements

Beverages

Snacks

Dairy

Others

By Distribution Channel

Supermarkets & Hypermarkets

Specialty Stores

Convenience Stores

Online Stores

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

What to Expect in Our Report?

(1) A complete section of the Ketogenic Diet market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Ketogenic Diet market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Ketogenic Diet market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Ketogenic Diet market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Ketogenic Diet Market report.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

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