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Plant-Based Meat Market Soaring to US$ 4,915.7 Million by 2023, Fueled by a 4.6% CAGR Shift Towards Eco-Friendly Meat Replacements

The plant based meat market is expected to rise from US$ 7,634.0 million in 2023 to over US$ 4,915.7 million by 2033, driven by a 4.6% CAGR. These products, mimicking meat qualities, offer eco-friendly and diverse alternatives to animal-based goods.

The plant based meat market is anticipated to exceed US$ 4,915.7 million by 2023 from US$ 7,634.0 million in 2033. Demand for plant based meat is projected to escalate at a CAGR of 4.6% throughout the forecast period from 2023 to 2033.

Due to the fact that they are made to resemble the qualities of actual meat, plant-based meat products are also known as meat replacements. In comparison to animal goods, plant-based meats offer consumers a wider range of meat alternatives, the majority of which are more environmentally friendly and sustainable.

They are made from plants and other non-animals but are designed to taste, look, and want like meat. Plant-based meats are made to resemble animal meat in texture, flavour, and appearance.

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A wide variety of sectors have recently experienced tremendous expansion on the worldwide market thanks to digitalization. Several manufacturers of plant-based meat are choosing online platforms for the advertising and sale of their products due to increased internet usage and convenience of online transactions.

Various customers prefer making purchases through online retailers, which motivates companies to have a presence there. In more recent times, other venues such as specialty shops and meal delivery services, have also appeared.

Rising health problems, along with increasing awareness regarding environmental well-being, is leading to the rising demand for plant based meat to be used in food & beverages products. Consumption of plant based meat is expected to rise steadily in developing countries in the next ten years, with further export opportunities. With increasing awareness, the consumer base is shifting towards organic and non-GMO products as they believe that food should be natural.

Key Takeaways from the Plant Based Meat Market Study

Soy segment is projected to be the most popular source in the global plant based meat market by 2033.
The plant-based chicken segment by type is likely to garner a significant plant based meat market share by 2023.
The plant based meat market is projected to exhibit considerable growth at a CAGR of 6% from 2023 to 2033.
In Asia Pacific, India is expected to remain at the forefront by generating a lion’s share through 2033.
The United Kingdom plant based meat market is predicted to experience a rapid growth rate in the next ten years.
“Health advantages that plant-based meat offers are expected to boost the global market. They are proven to be a wholesome alternative while maintaining the same texture and flavor. Another factor that would push the global market is rising practice of vegetarianism and veganism,” says a lead analyst at Future Market Insights.

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Competitive Landscape: Plant Based Meat Market

The plant-based business is presenting the meat industry with unprecedented and unequalled competition. Companies that produce plant-based meat are bringing about a revolution to enhance the sustainable food system in response to flourishing veganism trend around the world.

Emergence of the plant-based meat era has given businesses that are producing these goods a tremendous boost. Beyond Meat is one of the top brands in this sector. It is a pioneer in the production of ground beef, jerky, and burger patties made from plant-based meat.

GMO-free, soy-free, gluten-free, and kosher plant-based meat is available from Beyond Meat. Taking advantage of the fact that millennials are driving this change, the company is increasing its production capabilities.

A few of the leading players operating in the plant based meat market are Dr. Praeger’s Sensible Foods, Tofurky, Impossible Foods Inc., Marlow Foods Ltd., Beyond Meat, Lightlife Foods, Inc., Vegetarian Butcher, No Evil Foods, Amy’s Kitchen, Inc., LikeMeat GmbH, Maple Leaf Foods (Field Roast & Maple Leaf), Ojah B.V., Kellogg NA Co. (MorningStar Farms), Conagra, Inc. (Gardein Protein International), Yves Veggie Cuisine (The Hain-Celestial Canada, ULC), Quorn, OmniFoods, VBites Foods Limited, GoodDot, Gold&Green Foods Ltd., Moving Mountains, Trader Joe’s, Eat JUST Inc., Kraft Foods, Inc., and Sunfed among others.

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Unravelling the Mystery of Dominic McGruther's Untimely Death

Following the unfortunate circumstances that transpired in the vicinity of Burma Road in Saint Clair, Dominic McGruther's death has turned into a bewildering mystery. The purpose of this piece is to examine the few facts that are known about the circumstances of his death and investigate the unsolved issues that surround this strange incident. We will examine the preliminary reports, local responses, and many speculations that have been circulating around Dominic McGruther's tragic death.

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The Global Sugar Confectionery Market’s US$ 81.07 Billion by 2033 Growth Driving Consumer Demand in Europe, USA, and Beyond


The sugar confectionery market is anticipated to reach a value of US$ 81.07 billion by 2033, representing a CAGR of 4.3% from 2023 to 2033. The market is estimated to be worth US$ 53.21 billion in 2023.

The market has grown steadily throughout the years for a number of reasons. Growing consumer demand, particularly from younger consumers, for chocolates and sweets as a form of indulgence is one of the main factors driving the industry. The world population is also expanding, especially in developing nations where there is a growing middle class and discretionary income for basic necessities like food.

There are numerous growth prospects in the market as well. Demand for natural and organic sweets as well as goods with distinctive and cutting-edge flavours is rising. The creation of new packaging and processing technologies is also opening up new business prospects. To become more competitive, manufacturers are likewise making investments in these fields.

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There is a growing demand for premium and high-quality sweets, especially among consumers who are willing to pay more for unique and indulgent experiences. Furthermore, increasing focus on health and wellness is leading to a demand for confectionery products with healthy ingredients and low-sugar content. These trends are anticipated to promote market growth.

The sugar confectionery market is diverse and growing globally, with the maximum demand in North America. Between 2023 and 2033, North America is expected to become a significant source of revenue for the sugar confectionery sector due to increased disposable income and a growing young population.

Key Takeaways

During the projection period, a CAGR of 3% is anticipated for the market in Germany.

In China, the market is expected to reach a value of US$ 19.08 billion by 2033, expanding at a CAGR of 7.3% during the forecast period.

During the projection period, a CAGR of 2.3% is predicted for the market in Japan.

The hard-boiled sweets segment is anticipated to proliferate at a 4.9% CAGR to reach US$ 25.58 billion by 2033.

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Competitive Landscape

The top manufacturers of the sugar confectionery market are Anthony-Thomas Candy Co., Cloetta AB, Ferrara Candy Company, Nestle SA, Ferrero SpA., The Hershey Company, Cadbury PLC., Lotte Confectionery Co Ltd, HARIBO Dunhills (Pontefract) PLC, and Lindt & Sprungli.

Producers of sugar confectioneries are continuously coming up with new ideas and making adjustments to meet the needs of consumers, who are increasingly demanding healthy alternatives and goods with less added sugar. Additionally, they are investigating new markets and enlarging their product lines. Additionally, businesses are utilizing digital channels to increase client involvement and reach.

Recent Developments:

In February 2022, two vegan chocolate bars were made available in the United Kingdom by the Swiss chocolatier Lindt. Oat milk powder and almond paste were used in place of dairy milk in these chocolate bars.
In January 2022, to enable customers to nibble in little pieces, Cadbury, a brand of Mondelez International, developed the Twist Wrap packaging solution for its Duos line. After ingesting half of the sugar bar, customers can twist and cover the box.
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Sugar Confectionery Market Segmentation

By Product Type:

Hard-boiled Sweets
Caramel & Toffees
Gums & Jellies
Medicated Confectionery
Mints
Marshmallows
Nougat
Lollipops
Liquorice

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The US$ 16.4 Billion Hyaluronic Acid Market’s Surge by 2032, Fueled by Demands for Enhanced Products


The hyaluronic acid market is poised to hit around $16.4 billion by 2032, driven by increasing demand for nutrient-rich products, prompting major producers to integrate hyaluronic acid for market advantage.

According to Future Market Insights (FMI), the global hyaluronic acid market is set to witness growth at a CAGR of 6.4% and is anticipated to reach a valuation of around US$ 16.4 Billion by 2032.

Expanding consumer demand for nutrient-dense foods and supplements is thought to be the primary driver of market growth. Therefore, big producers are gradually incorporating fortified components like hyaluronic acid in their goods in order to capitalise on the rising demand.

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Application in dietary supplements with fortified nutrients for general human body development is projected to fuel the increase as customers become more aware of hyaluronic acid’s advantages.

The cells of the human body contain the naturally occurring molecule hyaluronic acid. The fluids of the eyes and joints have the highest levels of hyaluronic acid.

Hyaluronic acid demand is therefore anticipated to increase throughout the course of the assessment period in the pharmaceutical and cosmetics industries. This is as a result of its nutrition and moisturising properties, which moisturise and plump the skin.

Key Takeaways from Market Study

Based on grade, the pharmaceuticals segment is anticipated to account for around 33.2% of the market share over the forecast period.
North America hyaluronic acid market is expected to witness a lucrative growth rate of 7.0% CAGR during the forecast period.
East Asia is expected to account for 25.6% in the global hyaluronic acid market through 2032.
In terms of end-use, the food industry is expected to hold a market share of over 15.2% over the forecast period
“Manufacturers are developing hyaluronic acid-based supplements and injectable in response to the rising incidence of osteoporosis and rheumatoid arthritis. As a result of growing prevalence of bone and joint problems, the market for hyaluronic acid is expected to increase significantly during the forecast period.” says a Future Market Insights analyst.

Competitive Landscape

Market participants are always pursuing joint ventures, mergers and acquisitions, and other strategic efforts. Archer Daniels Midland Company and Royal DSM are two significant companies attempting to expand their global footprints and capacities.

Leading corporations in fast-growing regions such as East Asia and South Asia are also striving to broaden their product lines in order to get a competitive advantage.

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Explore More Valuable Insights

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

The study offers compelling insights based on grade (cosmetics industry, pharmaceutical industry, dietary supplements), end-use (pharmaceutical industry, dermatology clinics & cosmetic surgery centers, food industry, personal care) across seven major regions of the world.

Hyaluronic Acid Market by Category

By Grade:

Food Grade
Pharmaceutical Grade
Dietary Grade
By End-Use:

Pharmaceutical Industry
Dermatology Clinics & Cosmetic Surgery Centers
Food Industry
Personal Care
By Region:

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

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The Growth of the Frozen Seafood Market to US$ 37.4 Billion by 2033 Surge Amidst Global Consumption Shifts


The market for frozen seafood is anticipated to be worth US$ 19,382.3 million by the end of 2023. It is set to expand at a CAGR of 6.8% between 2023 and 2033. By 2033, the market is projected to contribute a value of US$ 37,398.5 million.

Global fish consumption has increased significantly during the last few decades. As living standards rise, it is anticipated that the consumption of seafood would increase in emerging economies like those in Latin America and the Asia-Pacific region. The millennial generation’s growing consciousness of the benefits of consuming seafood will also have an impact.

A significant source of nutrition in many countries, especially those where the diets are low in protein, is fish protein. Seafood provides a lot of other important nutrients in addition to protein. Among the fish and shellfish that are particularly high in zinc, selenium, and vitamin B1 are salmon, prawns, and clams.

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Omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), are mostly found in seafood. Because of its high nutritional content, seafood provides protection against a variety of health issues.

Consumption of seafood has increased as a result of the idea that eating seafood is healthy, and output is predicted to rise steadily as a result. Less waste, better utilisation, and improved distribution techniques would all be advantageous.

In locations where fresh seafood is more difficult to find, frozen seafood is more prevalent because it can be stored for a long period. This suggests that even those who live far from the coast or in an area with few transportation options can enjoy seafood all year round. Additionally, frozen seafood is simpler to transport than fresh seafood, which can be highly delicate and require special treatment.

Due to high demand and the scarcity of some species, fresh seafood can be pricey; nevertheless, frozen seafood is typically less expensive. Bulk frozen fish purchases provide for even greater cost reductions and more economical meal preparation.

Due to improvements in freezing technology, sales of frozen seafood are anticipated to increase drastically worldwide. Thanks to contemporary technology, it tastes almost as fresh as its unfrozen counterpart. As a result, frozen seafood is now more widely accepted and has less of a stigma connected to it.

Key Takeaways from Frozen Seafood Market Study

The global frozen seafood industry expanded at a CAGR of 4.9% from 2018 to 2022.
The USA frozen seafood industry is anticipated to reach a valuation of US$ 9,217.8 million by 2033.
A CAGR of 6.4% is expected from India’s frozen seafood industry from 2023 to 2033.
In 2033, China frozen seafood industry is expected to contribute a value share of 49.4%.
Based on product type, the frozen crab segment is estimated to hold a global market share of 27% in the forecast period.
“It is projected that advancements in refrigeration would propel the market in both commercial and industrial settings. Growth is also connected to ongoing advancements in sophisticated distribution systems. Technological advancements in seafood product storage, processing, and packaging have further contributed to the expansion of the global frozen seafood industry.” – Says a lead analyst.

Competitive Landscape: Frozen Seafood Market

As the need for novel formulations from the food & beverage industry increases, leading frozen seafood manufacturers are concentrating on products delivering a wide range of health advantages. Consumption of frozen fish has grown over time among all populations.

Leading producers of frozen fish are working to gain a high market share through partnerships, mergers, and acquisitions while continuing to develop new product lines. Due to the increased need for innovative formulations from the food & beverage industry, top frozen seafood manufacturers are likewise concentrating on releasing upgraded and modified items.

For instance,

In August 2021, Frozen Fish Direct introduced its latest user-friendly e-commerce site. While numerous individuals enjoy eating fish, Frozen Fish Direct is aware that they might not always be able to find fresh kinds at their neighborhood grocery. This information motivated Frozen Fish Direct to develop and launch their brand-new online store, providing its devoted clients with a convenient and stress-free option to buy for a large selection of fish and seafood.
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Get Valuable Insights on Frozen Seafood Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the frozen seafood industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for frozen seafood based on frozen seafood industry by product type (tuna, rainbow trout, sardines, mackerel, herrings, salmon, shrimp, crab, lobster, krill), nature (organic, conventional), form (whole, fillet), end use (food processing industry, food service industry, retail/household), distribution channel (B2B, B2C, online retailers), and regions.

Frozen Seafood Market Outlook by Category

By Product Type:

Tuna
Rainbow Trout
Sardines
Mackerel
Herrings
Salmon
Shrimp
Crab
Lobster
Krill

 

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