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    Food and Beverage Email List Options to Consider MailingInfoUSA offers a high-quality restaurant email list that has been shown to link you with the greatest decision-makers in a variety of industries. If you want to improve your marketing initiatives, MailingInfoUSA will help you break through the clutter and acquire more leads and sales. Look no further than MailingInfoUSA for a food and beverage email list that can give quality leads, vetted company contacts, scalable marketing campaigns, and more. Contact us: 732-703-9719 Email us at: [email protected] Please visit: https://www.mailinginfousa.com/food-and-beverage-email-list/
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  • The global metal packaging market size was valued at USD 143.06 billion in 2022. The market is projected to grow from USD 146.70 billion in 2023 to USD 181.49 billion by 2030, exhibiting a CAGR of 3.09% during the forecast period.

    Information Source - https://www.fortunebusinessinsights.com/metal-packaging-market-103867

    Metal packaging is a packaging solution offered to various end-use industries with the usage of steel or aluminum. Noteworthy properties such as recyclability, high density, high thermal conductivity, toughness, and mechanical durability boost its use in several applications.

    Segments-

    Aluminum Dominates the Segment Owing to its Noteworthy Benefits

    On the basis of material, the market is bifurcated into steel and aluminum. Aluminum holds the largest share of the market. The lightweight, corrosion-resistant property augments its usage in several end-use industries, thus propelling the segment's growth.

    Cans & Containers Hold the Largest Share Due to their Increased Usage in FMCG Products

    Based on product type, the market is segmented into containers & cans, bottles & jars, caps & closures, tins, barrels & drums, and others. Containers & cans are used on a large scale in several end-use industries such as personal care, food & beverages, and household owing to their recyclable and versatile properties.

    Food & Beverages Holds the Dominant Share Owing to the Widespread Usage of Metal Packaging in the Food Industry

    According to end users, the market is divided into food & beverages, personal care & cosmetics, pharmaceuticals, paints & varnishes, household, and others. The food & beverage segment leads the market globally. Owing to busy lifestyles, the growing usage of ready-to-eat food products among working professionals, athletes, campers, and travelers leads to the metal packaging market growth.

    Geographically, the market is analyzed across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

    Report Coverage-

    The report offers:

    Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
    Comprehensive insights into regional developments.
    List of major industry players.
    Key strategies adopted by the market players.
    Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
    Drivers & Restraints-

    Increasing Demand for Metal Packaging in Varied Industries Foster the Market Growth

    Metal packaging has a wide range of usage in many industries such as pharmaceuticals, personal care & cosmetics, food & beverages, and consumer goods. The increasing demand and need for metal packaging from key companies for brand attraction and differentiation among most customers also drive market growth. The surge in demand for alcoholic & non-alcoholic beverages, ready-to-eat, canned food products, and processed food also enhances the market growth.

    Steel has very poor chemical stability, low resistance to acid and alkali, and easily prone to rust. The metal ions precipitate if acidic materials such as food products are packed in metal packaging. Metal packaging is more costly than other packaging materials, so the production cost is higher.

    Regional Insights-

    North America to Hold the Largest Share Owing to Increasing Demand for Metal Packaging

    The largest metal packaging market share is anticipated to be held by North America. The massive reliance on energy drinks and goods canned in the U.S. also contributes to the rising demand for metal packaging in North America.

    Asia Pacific led the market growth, followed by North America. The growth is credited due to the rapid expansion of the steel industry in the region over the last 10 years.

    China is the biggest steel producer, thus contributing to market growth. Europe is a rapidly-growing region due to the rising use of metal cans consisting of alcoholic and non-alcoholic beverages, the growing household, cosmetics industries, personal care, and processed foods.

    Competitive Landscape-

    Prominent Players in the Market Observe Noteworthy Growth Opportunities

    Key players in the market include Crown Holdings, Ardagh Group, Ball Corporation, Silgan Holdings, Amcor Limited, and others. Numerous other players operating in the industry are focused on providing advanced packaging solutions.
    The global metal packaging market size was valued at USD 143.06 billion in 2022. The market is projected to grow from USD 146.70 billion in 2023 to USD 181.49 billion by 2030, exhibiting a CAGR of 3.09% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/metal-packaging-market-103867 Metal packaging is a packaging solution offered to various end-use industries with the usage of steel or aluminum. Noteworthy properties such as recyclability, high density, high thermal conductivity, toughness, and mechanical durability boost its use in several applications. Segments- Aluminum Dominates the Segment Owing to its Noteworthy Benefits On the basis of material, the market is bifurcated into steel and aluminum. Aluminum holds the largest share of the market. The lightweight, corrosion-resistant property augments its usage in several end-use industries, thus propelling the segment's growth. Cans & Containers Hold the Largest Share Due to their Increased Usage in FMCG Products Based on product type, the market is segmented into containers & cans, bottles & jars, caps & closures, tins, barrels & drums, and others. Containers & cans are used on a large scale in several end-use industries such as personal care, food & beverages, and household owing to their recyclable and versatile properties. Food & Beverages Holds the Dominant Share Owing to the Widespread Usage of Metal Packaging in the Food Industry According to end users, the market is divided into food & beverages, personal care & cosmetics, pharmaceuticals, paints & varnishes, household, and others. The food & beverage segment leads the market globally. Owing to busy lifestyles, the growing usage of ready-to-eat food products among working professionals, athletes, campers, and travelers leads to the metal packaging market growth. Geographically, the market is analyzed across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Report Coverage- The report offers: Major growth drivers, restraining factors, opportunities, and potential challenges for the market. Comprehensive insights into regional developments. List of major industry players. Key strategies adopted by the market players. Latest industry developments such as product launches, partnerships, mergers, and acquisitions. Drivers & Restraints- Increasing Demand for Metal Packaging in Varied Industries Foster the Market Growth Metal packaging has a wide range of usage in many industries such as pharmaceuticals, personal care & cosmetics, food & beverages, and consumer goods. The increasing demand and need for metal packaging from key companies for brand attraction and differentiation among most customers also drive market growth. The surge in demand for alcoholic & non-alcoholic beverages, ready-to-eat, canned food products, and processed food also enhances the market growth. Steel has very poor chemical stability, low resistance to acid and alkali, and easily prone to rust. The metal ions precipitate if acidic materials such as food products are packed in metal packaging. Metal packaging is more costly than other packaging materials, so the production cost is higher. Regional Insights- North America to Hold the Largest Share Owing to Increasing Demand for Metal Packaging The largest metal packaging market share is anticipated to be held by North America. The massive reliance on energy drinks and goods canned in the U.S. also contributes to the rising demand for metal packaging in North America. Asia Pacific led the market growth, followed by North America. The growth is credited due to the rapid expansion of the steel industry in the region over the last 10 years. China is the biggest steel producer, thus contributing to market growth. Europe is a rapidly-growing region due to the rising use of metal cans consisting of alcoholic and non-alcoholic beverages, the growing household, cosmetics industries, personal care, and processed foods. Competitive Landscape- Prominent Players in the Market Observe Noteworthy Growth Opportunities Key players in the market include Crown Holdings, Ardagh Group, Ball Corporation, Silgan Holdings, Amcor Limited, and others. Numerous other players operating in the industry are focused on providing advanced packaging solutions.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Metal Packaging Market Size, Growth, Trends | Statistics [2030]
    The global metal packaging market size is projected to grow from $146.70 billion in 2023 to $181.49 billion by 2030, at a CAGR of 3.09%.
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  • According to a research report titled “Antimicrobial Coatings Market, 2020-2027” by Fortune Business Insights™, the global antimicrobial coatings market size was USD 3,690.0 million in 2019 and is expected to reach USD 8,650.7 million by 2027, exhibiting a CAGR of 11.5% during the forecast period.

    Information Source - https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784

    The rise can be attributed to the increasing use of antimicrobial coatings by paint manufacturers to inhibit the growth of pathogens. The coatings contain additives that offer long-lasting and adequate protection against fungi, bacteria, and mold.

    The market is segmented into metallic and non-metallic types. The metallic segment is fragmented into copper, silver, and others, with the silver sub-segment holding a major share in the industry. The market is also divided based on application into mold remediation, medical & healthcare, food & beverage, building & construction, textile, and others. The medical & healthcare segment is expected to record commendable growth over the estimated period due to the rising product usage in medical appliances, products, and surfaces for preventing the spread of infection.

    Drivers and Restraints:

    The report provides an overview of the crucial steps taken by major industry participants to sustain their industry position, after extensive research and engagements with prominent industry stakeholders. The rising awareness regarding healthcare-related infections (HCAI) and an increase in efforts toward their prevention are the major drivers of market growth. However, the use of these products can lead to substantial changes in the emission levels of toxic agents into the environment, which is anticipated to hamper market expansion to some extent.

    Regional Insights:

    North America is expected to emerge as a key region driven by escalating demand from medical applications, surging government healthcare expenditure, and high standards of living in the U.S. The Asia Pacific region is also anticipated to record substantial escalation over the forecast period, attributed to the expansion of the food & beverage, pharmaceuticals, and construction industries.
    According to a research report titled “Antimicrobial Coatings Market, 2020-2027” by Fortune Business Insights™, the global antimicrobial coatings market size was USD 3,690.0 million in 2019 and is expected to reach USD 8,650.7 million by 2027, exhibiting a CAGR of 11.5% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784 The rise can be attributed to the increasing use of antimicrobial coatings by paint manufacturers to inhibit the growth of pathogens. The coatings contain additives that offer long-lasting and adequate protection against fungi, bacteria, and mold. The market is segmented into metallic and non-metallic types. The metallic segment is fragmented into copper, silver, and others, with the silver sub-segment holding a major share in the industry. The market is also divided based on application into mold remediation, medical & healthcare, food & beverage, building & construction, textile, and others. The medical & healthcare segment is expected to record commendable growth over the estimated period due to the rising product usage in medical appliances, products, and surfaces for preventing the spread of infection. Drivers and Restraints: The report provides an overview of the crucial steps taken by major industry participants to sustain their industry position, after extensive research and engagements with prominent industry stakeholders. The rising awareness regarding healthcare-related infections (HCAI) and an increase in efforts toward their prevention are the major drivers of market growth. However, the use of these products can lead to substantial changes in the emission levels of toxic agents into the environment, which is anticipated to hamper market expansion to some extent. Regional Insights: North America is expected to emerge as a key region driven by escalating demand from medical applications, surging government healthcare expenditure, and high standards of living in the U.S. The Asia Pacific region is also anticipated to record substantial escalation over the forecast period, attributed to the expansion of the food & beverage, pharmaceuticals, and construction industries.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Antimicrobial Coatings Market Size, Industry Share, Forecast, 2032
    The global antimicrobial coatings market size was $3,690.0 million in 2019 & is projected to reach $8,650.7 Million by 2027, at a CAGR of 11.5%
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  • Halal Food and Beverages Market Analysis, Revenue, Challenges and Global Forecast 2028

    The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028.

    Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years.

    Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis

    The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry.

    The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future.

    Segmentation

    By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa

    Drivers and Restraints

    Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth

    Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population.

    Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years.

    Regional Insights

    Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh.

    The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues.

    Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products.

    Competitive Landscape

    The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    Halal Food and Beverages Market Analysis, Revenue, Challenges and Global Forecast 2028 The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028. Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years. Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry. The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future. Segmentation By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa Drivers and Restraints Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population. Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years. Regional Insights Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues. Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products. Competitive Landscape The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Halal Food and Beverages Market Size, Growth | Report [2028]
    The global halal food and beverages market is projected to grow from $2.09 trillion in 2021 to $3.27 trillion by 2028, exhibiting a CAGR of 6.56%
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  • The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019.

    Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706

    The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdowns to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that they can adopt the necessary strategies accordingly.

    The market report includes:

    All-encompassing report of the market
    Critical insights into the market
    Dominant regions in the world
    Market drivers and restraints
    Competitive landscape
    COVID-19 impact
    Market Driver:

    Evolving Consumer Lifestyle to Influence Massive Growth

    The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans.

    COVID-19 Impact:

    Varied Effect of COVID-19 on the Beverage Cans Market

    The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum have disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and the high consumption of beverages during the lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid the global pandemic.

    Regional Analysis:

    Inclination towards Healthy Beverages to Boost Market in North America

    North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of a circular economy will further fuel demand for these cans in the forthcoming years.

    Key Development:

    July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually.

    The Report Lists the Key Companies in the Market:

    Ball Corporation (U.S.)
    Orora Packaging Australia Pty Ltd (Australia)
    Crown Holdings, Inc. (U.S.)
    Ardagh Group S.A. (Ireland)
    CANPACK S.A. (Poland)
    GZ Industries Ltd. (Nigeria)
    CPMC Holdings Ltd. (China)
    MSCANCO (Saudi Arabia)
    Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan)
    Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka)
    Universal Can Corporation (U.S.)
    Techpack Solutions (China)
    Baosteel Metal Co., Ltd. (China)
    Asia Packaging Industries (Vietnam)
    Silgan Holdings (U.S.)
    Other Key Players
    The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019. Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706 The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdowns to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that they can adopt the necessary strategies accordingly. The market report includes: All-encompassing report of the market Critical insights into the market Dominant regions in the world Market drivers and restraints Competitive landscape COVID-19 impact Market Driver: Evolving Consumer Lifestyle to Influence Massive Growth The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans. COVID-19 Impact: Varied Effect of COVID-19 on the Beverage Cans Market The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum have disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and the high consumption of beverages during the lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid the global pandemic. Regional Analysis: Inclination towards Healthy Beverages to Boost Market in North America North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of a circular economy will further fuel demand for these cans in the forthcoming years. Key Development: July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually. The Report Lists the Key Companies in the Market: Ball Corporation (U.S.) Orora Packaging Australia Pty Ltd (Australia) Crown Holdings, Inc. (U.S.) Ardagh Group S.A. (Ireland) CANPACK S.A. (Poland) GZ Industries Ltd. (Nigeria) CPMC Holdings Ltd. (China) MSCANCO (Saudi Arabia) Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan) Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka) Universal Can Corporation (U.S.) Techpack Solutions (China) Baosteel Metal Co., Ltd. (China) Asia Packaging Industries (Vietnam) Silgan Holdings (U.S.) Other Key Players
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Beverage Cans Market Size & Growth | Global Report [2027]
    The global beverage cans market size was USD 25.31 billion in 2019 and is projected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period.
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  • Pisco Market Trends, Segmentation, Business Opportunities and Forecast by 2027

    The global pisco market size is projected to reach USD 1,057.8 million by 2027, exhibiting a CAGR of 6.2% during the forecast period. Increasing awareness about the potential health benefits of pisco will play a central role in augmenting the development of this market. Pisco is a certain type of brandy that is derived from fermented grape juice. The drink is native to Chile and Peru, where pisco is considered the national beverage. Not only does pisco have an exotic taste but it also offers some distinct health benefits to drinkers. For example, drinking pisco after meals stimulates secretion of gastric juices, thus aiding digestion.

    Moreover, in case of hypothermia, adding pisco in hot tea along with lemon and honey can bring instant warmth to the body and prevent the body temperature from rising suddenly. In addition to this, flu-induced sore throat and fever can also be relieved by taking pisco-based tinctures. Thus, this Peruvian-Chilean drink promises a host of advantages related to health, which will increase its consumption around the world.

    List of Key Companies Profiled in the Pisco Market Report:

    Pisco Portón (Ica, Peru)
    Catan Pisco (Chicago, United States)
    Pisco MalPaso (Coquimbo, Chile)
    Barton Solvent Inc. (Peru)
    Cooperativa Agricola Pisquera Elqui Ltda (Santiago, Chile)
    Compañia Cervecerias Unidas (Las Condes, Chile)
    Pisquera Tulahuen SpA (Monte Patria, Chile)
    La Diablada Pisco (Peru)
    Bauzá (Chile)
    Macchu Pisco (Peru)
    Restraining Factors

    Staggered Operations of Hotels & Bars amid COVID-19 to Restrict Market Growth

    The pisco market growth is facing massive impediments amid the COVID-19 as the pandemic led to the initial closure and subsequent staggered opening of bars and restaurants in major economies. In the US, for example, the states of Florida and Texas announced that bars will have to shut down to stop the spread of the coronavirus, when cases spiked in June 2020.

    In March, when the pandemic erupted, several casinos in Las Vegas closed their operations, while states such as Ohio and California directed bars and restaurants to announce temporary closures. Even now, with countries slowly restoring economic activities, bars are being forced to follow strict time and social distancing regulations. For example, in the UK, bars have been instructed to close down by 10pm, while in India the Maharashtra state government has allowed bars and restaurants to function with limited capacity. The imposition of the coronavirus-induced lockdown and social distancing measures on bars is, therefore, likely to stymie the demand and consumption of exotic alcoholic beverages such as pisco.

    Regional Insights

    South America to Occupy Driver’s Seat; Europe to Present Exciting Prospects

    At USD 374.4 million, South America dominated the pisco market share in 2019 as the region is home to the two largest producers of the drink in the world, Peru and Chile. Companies in this region are constantly innovating and developing unique alcoholic blends to cater to the growing popularity of exotic drinks in North America and Europe. Moreover, the companies are also producing premium pisco variants for the domestic as well as the international market.
    Europe is slated to emerge as the second-largest region for this market due to the surging demand for traditional foreign alcohols across the continent. In Asia Pacific, the market outlook appears wide and bright on account of the deepening cultural and trade relations among Asian and South American countries.

    Competitive Landscape

    Cooperative Agreements and Measured Expansions to Spur Competition
    With pisco gaining widespread popularity, grape producers and alcohol companies in Chile and Peru are seeking agreements that can help farmers as well as the key market players. These mutually beneficial deals are crucial as they provide incentives to key players to innovate and expand their operations, while farmers are encouraged to produce more and adopt modern farming technologies.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/industry-reports/pisco-market-100203
    Pisco Market Trends, Segmentation, Business Opportunities and Forecast by 2027 The global pisco market size is projected to reach USD 1,057.8 million by 2027, exhibiting a CAGR of 6.2% during the forecast period. Increasing awareness about the potential health benefits of pisco will play a central role in augmenting the development of this market. Pisco is a certain type of brandy that is derived from fermented grape juice. The drink is native to Chile and Peru, where pisco is considered the national beverage. Not only does pisco have an exotic taste but it also offers some distinct health benefits to drinkers. For example, drinking pisco after meals stimulates secretion of gastric juices, thus aiding digestion. Moreover, in case of hypothermia, adding pisco in hot tea along with lemon and honey can bring instant warmth to the body and prevent the body temperature from rising suddenly. In addition to this, flu-induced sore throat and fever can also be relieved by taking pisco-based tinctures. Thus, this Peruvian-Chilean drink promises a host of advantages related to health, which will increase its consumption around the world. List of Key Companies Profiled in the Pisco Market Report: Pisco Portón (Ica, Peru) Catan Pisco (Chicago, United States) Pisco MalPaso (Coquimbo, Chile) Barton Solvent Inc. (Peru) Cooperativa Agricola Pisquera Elqui Ltda (Santiago, Chile) Compañia Cervecerias Unidas (Las Condes, Chile) Pisquera Tulahuen SpA (Monte Patria, Chile) La Diablada Pisco (Peru) Bauzá (Chile) Macchu Pisco (Peru) Restraining Factors Staggered Operations of Hotels & Bars amid COVID-19 to Restrict Market Growth The pisco market growth is facing massive impediments amid the COVID-19 as the pandemic led to the initial closure and subsequent staggered opening of bars and restaurants in major economies. In the US, for example, the states of Florida and Texas announced that bars will have to shut down to stop the spread of the coronavirus, when cases spiked in June 2020. In March, when the pandemic erupted, several casinos in Las Vegas closed their operations, while states such as Ohio and California directed bars and restaurants to announce temporary closures. Even now, with countries slowly restoring economic activities, bars are being forced to follow strict time and social distancing regulations. For example, in the UK, bars have been instructed to close down by 10pm, while in India the Maharashtra state government has allowed bars and restaurants to function with limited capacity. The imposition of the coronavirus-induced lockdown and social distancing measures on bars is, therefore, likely to stymie the demand and consumption of exotic alcoholic beverages such as pisco. Regional Insights South America to Occupy Driver’s Seat; Europe to Present Exciting Prospects At USD 374.4 million, South America dominated the pisco market share in 2019 as the region is home to the two largest producers of the drink in the world, Peru and Chile. Companies in this region are constantly innovating and developing unique alcoholic blends to cater to the growing popularity of exotic drinks in North America and Europe. Moreover, the companies are also producing premium pisco variants for the domestic as well as the international market. Europe is slated to emerge as the second-largest region for this market due to the surging demand for traditional foreign alcohols across the continent. In Asia Pacific, the market outlook appears wide and bright on account of the deepening cultural and trade relations among Asian and South American countries. Competitive Landscape Cooperative Agreements and Measured Expansions to Spur Competition With pisco gaining widespread popularity, grape producers and alcohol companies in Chile and Peru are seeking agreements that can help farmers as well as the key market players. These mutually beneficial deals are crucial as they provide incentives to key players to innovate and expand their operations, while farmers are encouraged to produce more and adopt modern farming technologies. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/industry-reports/pisco-market-100203
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Pisco Market Size, Share, Trends | Industry Report [2020-2027]
    The global pisco market size stood at USD 670.5 million in 2019 and is projected to reach USD 1,057.8 million by 2027, exhibiting a CAGR of ccfv during the forecast period.
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  • Food Delivery Box | BIKEKIT
    Food Delivery Box Discover the best delivery solutions with BikeKit's company. Technology built our food delivery box is perfect for transporting food orders securely and efficiently. With its durable construction and insulated interior, the Food Delivery Box ensures that your food stays fresh and at the right temperature during transit. Whether you're delivering hot pizzas, cold beverages, or any other food items, BikeKit's Food Delivery Box is the ideal solution for your delivery needs. For ensuring seamless delivery buy this product via https://www.bikekit.co/blog/bikekit-breaks-the-glass-ceiling-with-food-delivery-boxes/
    Food Delivery Box | BIKEKIT Food Delivery Box Discover the best delivery solutions with BikeKit's company. Technology built our food delivery box is perfect for transporting food orders securely and efficiently. With its durable construction and insulated interior, the Food Delivery Box ensures that your food stays fresh and at the right temperature during transit. Whether you're delivering hot pizzas, cold beverages, or any other food items, BikeKit's Food Delivery Box is the ideal solution for your delivery needs. For ensuring seamless delivery buy this product via https://www.bikekit.co/blog/bikekit-breaks-the-glass-ceiling-with-food-delivery-boxes/
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  • PET Packaging Market Size Analysis, Share, Growth, Trends, Segmentation, and Regional Demand Forecast by 2029
    The global PET packaging market size was valued at USD 37.85 billion in 2021. The market is projected to grow from USD 39.23 billion in 2022 to USD 55.46 billion by 2029, exhibiting a CAGR of 5.1% during the forecast period.

    This information is provided by Fortune Business Insights, in its report titled, “PET Packaging Market, 2022-2029.”

    COVID-19 Impact

    Increasing Demand for Online Shopping Fueled the PET Packaging Market Growth

    The pandemic has forced restaurants and other food services to remain close during COVID-19, and grocery demand varied drastically. The demand for packaging will therefore rise as customers continue to migrate to supermarket shopping. This trend is fueled by consumer desire to stock up on groceries, drinks, and home care items. However, when stores close and customers start to cut back on their spending, demand for luxury packaging other than food fell. As a result, the pandemic's effects on the packaging sector have been uneven.

    Demand for PET Flexible Packaging as a Sustainable Solution to Gain Momentum

    Based on product type, the market is segmented into bottles & jars, caps & closures, trays & clamshells, bags & pouches, films & wraps, sachets & stick packs, and cans & containers. In terms of market share, the films & wraps segment holds a dominant share of the global market due to the rising usage of flexible packaging in online delivery.

    Demand for PET Containers in the Food & Beverage Industry to Gain Momentum
    Food & beverages segment is the dominant segment of the market. Prepared meals mainly lead the food & beverage packaging market due to easy portability, long shelf life, and easy preparation. Prepared food consists of frozen meals, snacks, drinks, and more.


    Driving Factors

    Food & Beverage Segment Expansion Along with Pharmaceutical Growth is Boosting Sales

    Leading companies in the pharmaceutical and food & beverage sectors have created innovative packaging solutions in response to consumer demand as a result of globalization. Due to rising preference for practical and portable options for transporting food in safety, PET packaging is predicted to see an increase in demand. In order to assure the safe handling of food and beverage goods, plastic packaging is being developed.

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/pet-packaging-market-104899
    PET Packaging Market Size Analysis, Share, Growth, Trends, Segmentation, and Regional Demand Forecast by 2029 The global PET packaging market size was valued at USD 37.85 billion in 2021. The market is projected to grow from USD 39.23 billion in 2022 to USD 55.46 billion by 2029, exhibiting a CAGR of 5.1% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “PET Packaging Market, 2022-2029.” COVID-19 Impact Increasing Demand for Online Shopping Fueled the PET Packaging Market Growth The pandemic has forced restaurants and other food services to remain close during COVID-19, and grocery demand varied drastically. The demand for packaging will therefore rise as customers continue to migrate to supermarket shopping. This trend is fueled by consumer desire to stock up on groceries, drinks, and home care items. However, when stores close and customers start to cut back on their spending, demand for luxury packaging other than food fell. As a result, the pandemic's effects on the packaging sector have been uneven. Demand for PET Flexible Packaging as a Sustainable Solution to Gain Momentum Based on product type, the market is segmented into bottles & jars, caps & closures, trays & clamshells, bags & pouches, films & wraps, sachets & stick packs, and cans & containers. In terms of market share, the films & wraps segment holds a dominant share of the global market due to the rising usage of flexible packaging in online delivery. Demand for PET Containers in the Food & Beverage Industry to Gain Momentum Food & beverages segment is the dominant segment of the market. Prepared meals mainly lead the food & beverage packaging market due to easy portability, long shelf life, and easy preparation. Prepared food consists of frozen meals, snacks, drinks, and more. Driving Factors Food & Beverage Segment Expansion Along with Pharmaceutical Growth is Boosting Sales Leading companies in the pharmaceutical and food & beverage sectors have created innovative packaging solutions in response to consumer demand as a result of globalization. Due to rising preference for practical and portable options for transporting food in safety, PET packaging is predicted to see an increase in demand. In order to assure the safe handling of food and beverage goods, plastic packaging is being developed. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/pet-packaging-market-104899
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    PET Packaging Market Size, Share, Growth | Global Report 2029
    The global PET packaging market is projected to grow from $39.23 billion in 2022 to $55.46 billion by 2029, at a CAGR of 5.1% in forecast period, 2022-2029
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  • Title: Revolutionizing Packaging Solutions: The Success Story of Refine Packaging

    Introduction

    In today's fast-paced and competitive business landscape, packaging plays a pivotal role in attracting customers, conveying brand identity, and ensuring product safety. Amidst this scenario, Refine Packaging has emerged as a leading player, redefining packaging solutions through innovation, sustainability, and unmatched customization. This article dives into the success story of Refine Packaging, highlighting its contributions to the packaging industry and its journey to becoming a trendsetter.

    The Genesis of Refine Packaging

    Founded in [year], Refine Packaging embarked on a mission to transform the packaging industry. The company recognized that packaging is not just a protective shell for products but a canvas for brand expression and customer engagement. With this philosophy at its core, Refine Packaging began its journey towards crafting bespoke packaging solutions that catered to businesses of all scales, from startups to established enterprises.

    Customization Beyond Boundaries

    What sets Refine Packaging apart is its unwavering commitment to customization. The company empowers businesses to create packaging that resonates with their brand values, aesthetics, and target audience. From selecting materials to design, shape, and finishing touches, Refine Packaging provides an extensive array of options. This level of customization enhances brand recognition, drives customer loyalty, and contributes to memorable unboxing experiences.

    Innovative and Sustainable Practices

    In an era of increasing environmental consciousness, Refine Packaging has made significant strides in incorporating sustainable practices into its operations. The company offers eco-friendly materials and promotes responsible sourcing, reducing the environmental footprint of its packaging solutions. From biodegradable materials to recyclable options, Refine Packaging supports businesses in aligning their packaging strategies with their sustainability goals.

    Collaborative Approach

    One of the cornerstones of Refine Packaging's success is its collaborative approach. The company views each client as a partner and engages in a consultative process to understand their unique requirements. By fostering open communication and collaboration, Refine Packaging ensures that the final packaging not only meets but exceeds the client's expectations. This approach has garnered a loyal client base that appreciates the attention to detail and commitment to excellence.

    Embracing Technological Advancements

    Refine Packaging stays at the forefront of technological advancements in the [Refine Packaging](https://refinepackaging.com ) packaging industry. The company harnesses cutting-edge printing technologies, design software, and manufacturing processes to deliver packaging solutions that are not only visually stunning but also durable and functional. This integration of technology streamlines the production process, reduces lead times, and allows for more intricate and creative designs.

    Empowering Diverse Industries

    Refine Packaging's impact transcends industries. Whether it's cosmetics, food and beverages, electronics, or e-commerce, the company has tailored solutions for various sectors. This versatility showcases its adaptability and expertise in understanding the unique packaging needs of different industries, ultimately contributing to its wide-ranging success.

    Conclusion

    In an age where packaging is more than just a means to an end, Refine Packaging stands as a beacon of innovation, sustainability, and collaboration. Its journey from inception to becoming a prominent name in the packaging industry is a testament to its dedication to excellence. By championing customization, sustainability, and technological advancement, Refine Packaging continues to shape the way businesses present their products to the world. As the packaging landscape evolves, one thing is certain – Refine Packaging will be at the forefront, setting new standards and redefining the art of packaging.
    Title: Revolutionizing Packaging Solutions: The Success Story of Refine Packaging Introduction In today's fast-paced and competitive business landscape, packaging plays a pivotal role in attracting customers, conveying brand identity, and ensuring product safety. Amidst this scenario, Refine Packaging has emerged as a leading player, redefining packaging solutions through innovation, sustainability, and unmatched customization. This article dives into the success story of Refine Packaging, highlighting its contributions to the packaging industry and its journey to becoming a trendsetter. The Genesis of Refine Packaging Founded in [year], Refine Packaging embarked on a mission to transform the packaging industry. The company recognized that packaging is not just a protective shell for products but a canvas for brand expression and customer engagement. With this philosophy at its core, Refine Packaging began its journey towards crafting bespoke packaging solutions that catered to businesses of all scales, from startups to established enterprises. Customization Beyond Boundaries What sets Refine Packaging apart is its unwavering commitment to customization. The company empowers businesses to create packaging that resonates with their brand values, aesthetics, and target audience. From selecting materials to design, shape, and finishing touches, Refine Packaging provides an extensive array of options. This level of customization enhances brand recognition, drives customer loyalty, and contributes to memorable unboxing experiences. Innovative and Sustainable Practices In an era of increasing environmental consciousness, Refine Packaging has made significant strides in incorporating sustainable practices into its operations. The company offers eco-friendly materials and promotes responsible sourcing, reducing the environmental footprint of its packaging solutions. From biodegradable materials to recyclable options, Refine Packaging supports businesses in aligning their packaging strategies with their sustainability goals. Collaborative Approach One of the cornerstones of Refine Packaging's success is its collaborative approach. The company views each client as a partner and engages in a consultative process to understand their unique requirements. By fostering open communication and collaboration, Refine Packaging ensures that the final packaging not only meets but exceeds the client's expectations. This approach has garnered a loyal client base that appreciates the attention to detail and commitment to excellence. Embracing Technological Advancements Refine Packaging stays at the forefront of technological advancements in the [Refine Packaging](https://refinepackaging.com ) packaging industry. The company harnesses cutting-edge printing technologies, design software, and manufacturing processes to deliver packaging solutions that are not only visually stunning but also durable and functional. This integration of technology streamlines the production process, reduces lead times, and allows for more intricate and creative designs. Empowering Diverse Industries Refine Packaging's impact transcends industries. Whether it's cosmetics, food and beverages, electronics, or e-commerce, the company has tailored solutions for various sectors. This versatility showcases its adaptability and expertise in understanding the unique packaging needs of different industries, ultimately contributing to its wide-ranging success. Conclusion In an age where packaging is more than just a means to an end, Refine Packaging stands as a beacon of innovation, sustainability, and collaboration. Its journey from inception to becoming a prominent name in the packaging industry is a testament to its dedication to excellence. By championing customization, sustainability, and technological advancement, Refine Packaging continues to shape the way businesses present their products to the world. As the packaging landscape evolves, one thing is certain – Refine Packaging will be at the forefront, setting new standards and redefining the art of packaging.
    REFINEPACKAGING.COM
    Home
    Create custom boxes & custom packaging that's big on wow-factor. Trusted by T-Mobile, Adidas & 3000+ small businesses – get a free quote now!
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  • Functional Foods Market Growth Analysis, Business Prospects, Trends and Forecast by 2028

    According to a research report published by Fortune Business Insights™,the global functional foods and beverages market size is projected to reach USD 529.66 billion by 2028, exhibiting a CAGR of 9.5% during the forecast period. The market’s value stood at USD 258.80 billion in 2020.

    List of Companies Covered in the Functional Foods and Beverages Market Report:

    The Coca-Cola Company (Georgia, United States)
    Celsius Holding, Inc. (Florida, United States)
    PepsiCo Inc. (New York, United States)
    Glanbia Plc (Kilkenny, Ireland)
    Nestle S.A. (Vevey, Switzerland)
    Arla Foods amba (Viby, Denmark)
    Hearthside Food Solutions LLC (Illinois, United States)
    Tyson Foods Inc. (Arkansas, United States)
    General Mills Inc. (Minnesota, United States)
    Danone S.A. (Paris, France)
    Driving Factor

    The proliferation of Food & Beverage Startups to Elevate Market Potential

    The Functional Foods and Beverages Market growth is set to accelerate due to the steadily growing presence of startups specializing in nutrient-enriched foods and drinks. For example, New Jersey-based Remedy Organics makes beverages based on plant products and infuses potent super-ingredients, botanicals, herbs, proteins, and probiotics. With the demand for non-dairy products rising, some startups are engaged in the development of plant-based dairy alternatives.

    For instance, Toronto-based YoFiit leverages the high nutrition quotient of chickpeas to create functional non-dairy meal solutions. Further, a few startups are also targeting their products towards consumers living with chronic diseases. Texas-based Hapi Drinks, for example, offers sugar-free drinks for kids with a mission to fight Type 2 diabetes and childhood obesity. The increasing availability of such niche functional food & beverage in major economies will enable the market to achieve a long-lasting growth trajectory.

    Regional Insights

    Asia Pacific to Present Excellent Business Opportunities for Market Players

    Asia Pacific is expected to dominate the Functional Foods and Beverages Market share during the forecast period due to the rising disposable incomes of consumers, especially in India and China.

    Improving lifestyle in these countries is anticipated to stoke the demand for healthy food and drink alternatives in the forthcoming years, spawning lucrative sales opportunities for players in this market. In 2020, the Asia Pacific market size stood at USD 100 billion and the region is forecasted to register a CAGR of 10.04% from 2021 to 2028.

    In Europe, on the other hand, stringent regulations governing the food and beverage industry is likely to boost investments in innovation and R&D by companies in the region, which in turn will promote the development of functional food & beverages. In North America, a growing preference for naturally produced food items will prove favorable for the market.

    Key Market Segmentation

    On the basis of type, the market has been classified into functional cereals & grains, functional dairy products, functional bakery products, functional fats & oils, and other functional/fortified foods.

    Based on the distribution channel, this market has been grouped into supermarkets/hypermarkets, convenience stores, online retail, and others. In 2020, the supermarkets/hypermarkets segment led the global functional foods and drinks market with a share of 44.21% and the US market with a share of 43.06%.

    By geography, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Competitive Landscape

    Introduction of Novel Products in Emerging Economies to Electrify the Market

    Key developers of functional food & beverages are focusing on capitalizing on the untapped opportunities in emerging markets. These markets are blossoming, underpinned by better incomes and improving health consciousness, encouraging large food and beverage companies to introduce new products and enlarge their customer base.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/functional-foods-market-102269
    Functional Foods Market Growth Analysis, Business Prospects, Trends and Forecast by 2028 According to a research report published by Fortune Business Insights™,the global functional foods and beverages market size is projected to reach USD 529.66 billion by 2028, exhibiting a CAGR of 9.5% during the forecast period. The market’s value stood at USD 258.80 billion in 2020. List of Companies Covered in the Functional Foods and Beverages Market Report: The Coca-Cola Company (Georgia, United States) Celsius Holding, Inc. (Florida, United States) PepsiCo Inc. (New York, United States) Glanbia Plc (Kilkenny, Ireland) Nestle S.A. (Vevey, Switzerland) Arla Foods amba (Viby, Denmark) Hearthside Food Solutions LLC (Illinois, United States) Tyson Foods Inc. (Arkansas, United States) General Mills Inc. (Minnesota, United States) Danone S.A. (Paris, France) Driving Factor The proliferation of Food & Beverage Startups to Elevate Market Potential The Functional Foods and Beverages Market growth is set to accelerate due to the steadily growing presence of startups specializing in nutrient-enriched foods and drinks. For example, New Jersey-based Remedy Organics makes beverages based on plant products and infuses potent super-ingredients, botanicals, herbs, proteins, and probiotics. With the demand for non-dairy products rising, some startups are engaged in the development of plant-based dairy alternatives. For instance, Toronto-based YoFiit leverages the high nutrition quotient of chickpeas to create functional non-dairy meal solutions. Further, a few startups are also targeting their products towards consumers living with chronic diseases. Texas-based Hapi Drinks, for example, offers sugar-free drinks for kids with a mission to fight Type 2 diabetes and childhood obesity. The increasing availability of such niche functional food & beverage in major economies will enable the market to achieve a long-lasting growth trajectory. Regional Insights Asia Pacific to Present Excellent Business Opportunities for Market Players Asia Pacific is expected to dominate the Functional Foods and Beverages Market share during the forecast period due to the rising disposable incomes of consumers, especially in India and China. Improving lifestyle in these countries is anticipated to stoke the demand for healthy food and drink alternatives in the forthcoming years, spawning lucrative sales opportunities for players in this market. In 2020, the Asia Pacific market size stood at USD 100 billion and the region is forecasted to register a CAGR of 10.04% from 2021 to 2028. In Europe, on the other hand, stringent regulations governing the food and beverage industry is likely to boost investments in innovation and R&D by companies in the region, which in turn will promote the development of functional food & beverages. In North America, a growing preference for naturally produced food items will prove favorable for the market. Key Market Segmentation On the basis of type, the market has been classified into functional cereals & grains, functional dairy products, functional bakery products, functional fats & oils, and other functional/fortified foods. Based on the distribution channel, this market has been grouped into supermarkets/hypermarkets, convenience stores, online retail, and others. In 2020, the supermarkets/hypermarkets segment led the global functional foods and drinks market with a share of 44.21% and the US market with a share of 43.06%. By geography, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Competitive Landscape Introduction of Novel Products in Emerging Economies to Electrify the Market Key developers of functional food & beverages are focusing on capitalizing on the untapped opportunities in emerging markets. These markets are blossoming, underpinned by better incomes and improving health consciousness, encouraging large food and beverage companies to introduce new products and enlarge their customer base. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/functional-foods-market-102269
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Functional Food and Beverage Market Size | Global Report, 2028
    The global functional food and beverage market is projected to grow from $281.14 billion in 2021 to $529.66 billion in 2028 at a CAGR of 9.5%
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