Artificial Intelligence
Dairy Flavors Market to Reach $2.55 Billion, Globally, by 2028 with 4.5% CAGR – Growth Report by The Insight Partners
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New York, Jan. 30, 2023 (GLOBE NEWSWIRE) — According to The Insight Partners, “Dairy Flavors Market Size, Share, Growth, Trends and Global Forecast to 2028 – COVID-19 Impact and Global Analysis by Flavor Profile (Cheese, Butter, Cream, and Others), Form (Liquid, Powder, and Paste), Category (Artificial and Natural), Nature (Dairy-based and Dairy-free), Application (Bakery and Confectionery; Dairy and Frozen Desserts; Soups and Sauces; Dressings, Dips, and Spreads; Beverages; Others)”; the global dairy flavors market size is expected to grow from USD 1.96 billion in 2022 to USD 2.55 billion by 2028; it is estimated to grow at a CAGR of 4.5% from 2022 to 2028.
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Global Dairy Flavors Market – Report Scope:
| Market Size Value in | USD 1.96 billion in 2022 |
| Market Size Value by | USD 2.55 billion by 2028 |
| Growth rate | CAGR of 4.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
| No. of Pages | 153 |
| No. of Tables | 142 |
| No. of Charts & Figures | 103 |
| Historical data available | Yes |
| Segments covered | Flavor Profile, Form, Category, Nature, and Application |
Dairy Flavors Market: Competitive Landscape and Key Developments
Jeneil, Flavorjen, The Edlong Corporation, Givaudan S.A., Kerry Group, Sensient Technologies, Symrise, Synergy Flavors, Bluegrass Ingredients Inc., and Flavorade India are among the key players operating in the dairy flavors market. These companies have a widespread presence across the world, which allows them to serve a large number of customers.
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Impact of COVID-19 Pandemic on Global Dairy Flavors Market Growth:
Before the pandemic, the growing demand for processed food and the increasing consumer requirement for a variety of flavors and tastes of the product were the key factors that boosted the growth of the dairy flavors market. The dairy flavors market was driven by the food & beverages industry incorporating a variety of flavors in its products. Moreover, consumer shift toward natural flavors and increased consumption of ready-to-eat products among the population were among the other factors positively influencing the market growth. However, industries experienced unprecedented challenges after the onset of the COVID-19 pandemic in 2020, including supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions. The supply chain disruptions created a shortage of raw materials, which affected the production and distribution of various products, leading to increased prices.
In 2021, various economies resumed operation as governments of various countries announced the relaxation of the previously imposed restrictions, which boosted the global marketplace. Further, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap and other repercussions. As numerous citizens of many countries were fully vaccinated by 2021, the dairy flavor manufacturers focused on increasing their production to revive their businesses
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Growth in Asia Pacific Dairy Industry Drives Global Dairy Flavors Market:
The dairy industry is one of the significant contributors to the economic growth of Asia Pacific, especially India and China. India is one of the major producers of milk and other dairy products. According to the Food and Agriculture Organization (FAO), India is the leading milk producer, having ~22% share of the global milk output. The growth of the dairy industry in Asia Pacific is primarily attributed to the significant economic development, rise in disposable income, and increase in preference for healthy and protein-rich food and beverages.
The abundance of raw materials for manufacturing dairy flavors due to the presence of the well-established dairy industry in the region is expected to propel the growth of the dairy flavors market across Asia Pacific. Furthermore, people in the region are increasingly preferring cheese, cream, and butter-flavored food products such as savory snacks, cookies, biscuits, frozen desserts, and salad dressings & dips. These flavors offer a rich taste and mouthfeel to the food products and are gaining huge traction, especially among the young population and kids across the region. This factor is also propelling the growth of the dairy flavors market.
Asia Pacific held the largest share of the dairy flavors market in 2021. The market growth in the region is attributed to rising health awareness and increasing focus on tasty food in countries such as India, China, and Japan due to the growing disposable incomes. Consumers are willing to pay higher prices for dairy flavor products in these countries. India stands as one of the fastest-growing markets in Asia-Pacific, where consumers are not willing to compromise on the taste and health factors of the food. The Indian subcontinent has a massive demand for regional and traditional flavors, which is fueling the market growth. The increasing need for new and foreign flavors compels the players to develop innovative and healthy dairy flavors. Different manufacturers are trying to replace sugar with dairy flavors.
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Dairy Flavors Market: Segmental Overview
Based on flavor profile, the dairy flavors market is segmented into cheese, butter, cream, and other. The cheese segment held the largest market share in 2021 and is expected to register the highest CAGR during the forecast period. The popularity of cheese flavor is based on its use in popcorn, potato chips, cookies, crackers, dips & spreads, and sauces, among other products. Elevating demand for food products, growing retail outlets, and increasing preference for fast food are bolstering the demand for cheese flavors.
Based on form, the dairy flavors market is segmented into liquid, powder, and paste. The liquid segment held the largest market share in 2021, and the powder segment is expected to register the highest CAGR during the forecast period. Liquid dairy flavors are offered in bottles and tubes with their manufacturing and expiry dates mentioned on the labels. In beverages, dairy flavors are mainly used in liquid form as they can be mixed easily in the beverage matrix and remain stable throughout the process.
Based on category, the dairy flavors market is segmented into artificial and natural. The natural segment held a larger market share in 2021 and is expected to register a higher CAGR during the forecast period. The rising demand for healthy food and problems associated with synthetic food ingredients are boosting the preference for natural dairy flavors. Furthermore, changing consumer demands with the growing purchasing powers favor food prepared using natural ingredients, including dairy flavors.
Based on nature, the dairy flavors market is segmented into dairy-based and dairy-free. The dairy-based segment held a larger market share in 2021, and the dairy-free segment is expected to register a higher CAGR during the forecast period. A large percentage of consumers prioritize taste over nutrition and are thus inclined toward creamy textures. Dairy-based flavors are processed and manufactured from dairy products such as milk, butter, cheese, and fresh cream. These flavors are specifically designed to enhance the flavor of dairy-based products.
Based on application, the dairy flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups and sauces; dressings, dips, and spreads; beverages; and others. Bread, cookies, cakes, and fillings are among the primary bakery and confectionery applications of dairy flavors. Confectionery manufacturers are increasingly using natural flavors in their products. Dairy-based flavors are increasingly being used in bakery products such as cookies and cakes.
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Global Dairy-Free Yogurt Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Source (Soy, Almond, Coconut, Others); Category (Plain, Flavored); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Geography
Global Fortified Dairy Products Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type (Milk, Cheese, Yogurt, and Others), Micronutrients (Vitamins, Minerals, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others), and Geography
Global Dairy-free Chocolates Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Category (Gluten-Free, Conventional); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Geography
Global Dairy Blends Market Size Forecast to 2028 – Covid-19 Impact and Global Analysis – by Type (Dairy Mixtures, Dairy/Non-Dairy Ingredients, Dairy as Functional Ingredient, Dairy as Carrier, Others); Application (Ice Cream, Yogurt, Infant Formula, Bakery, Beverage, Other Applications); Form (Spreadable, Powder, Liquid) and Geography
Global Dairy Protein Market Size Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product Type (Milk Protein Isolates (MPIs), Casein and Caseinates, Whey Protein Isolates (WPIs), Whey Protein Concentrates (WPCs), Milk Protein Concentrates (MPCs), Other Product Types); Form (Dry, Liquid); Application (Bakery and Confectionery, Convenience Food, Clinical Nutrition, Sports Nutrition, Infant Nutrition, Food Supplements, Other Applications) and Geography
Global Dairy Spread Market Size Forecast to 2028 – Covid-19 Impact and Global Analysis – by Type (Cheese Spreads, Butter Spreads, Others); Application (Bakery, Confectionery, Processed Fruits, Frozen Deserts, Others); Distribution Channel (Direct, Indirect, Specialty Food Stores, E-Commerce, Others) and Geography
Global Dairy Herd Management Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Automated Systems, Standalone Software); Application (Milk Harvesting, Breeding, Feeding, Cow Comfort and Heat Stress Management, Other); End User (Cooperative Dairy Farms, Small-Scale Dairy Farms, Large-Scale Dairy Farms) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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Contact Person: Sameer Joshi
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DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.
A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit www.savoryandpartners.com.
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Artificial Intelligence
Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research
The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
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Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
CAGR
10.9 %
No. of Pages in Report
250
Segments covered
Range, End User, Distribution Channel, and Region
Drivers
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Opportunities
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Restraints
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:https://blog.alliedmarketresearch.com/consumer-goods
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LONDON, Dec. 8, 2023 /PRNewswire/ — HH Global has furthered its commitment to environmental transparency by completing a full assessment of the carbon footprint of our business for the fourth year in a row and disclosing our impact through CDP, the world’s leading environmental disclosure platform.
With a record +23,000 companies disclosing through CDP in 2023, HH Global’s data will be added to the most comprehensive inventory of self-reported environmental data in the world – helping to drive action through greater transparency.
CDP is a global non-profit that runs the disclosure platform for companies, cities, states and regions. CDP pioneered using capital markets and corporate procurement to motivate companies to report on their environmental impacts – and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Their aim is to see a thriving economy that works for both people and planet in the long term.
Kevin Dunckley, Chief Sustainability Officer at HH Global commented:”HH Global is proud to have disclosed our environmental data through CDP for the fourth successive year. Tracking progress on reducing emissions is essential if we are to secure a 1.5°C world. Commitment to meaningful and measurable environmental action is more critical than ever and reporting where we are, our goals for a sustainable future and how we are getting there is vital.”
Sherry Madera, Chief Executive Officer at CDP said:
“With over 23,000 businesses disclosing through CDP this year, it is clear that sustainability – and the data that underpins it – is not a ‘nice to have’, but an essential part of long-term success in the business community that is showing no sign of slowing down – nor should it.
“Disclosure works, and today we should take a short pause to celebrate the dedication to transparency and accountability shown by HH Global reporting through CDP this year.
“A 1.5-degree future is still possible if the global community works in lockstep to get there.
“By sharing their environmental data with CDP, HH Global is continuing an environmental journey that will contribute to keeping that future in sight.”
The full list of companies disclosing through CDP can be accessed here: https://www.cdp.net/en/responses.
About HH Global
HH Global is a tech-enabled, creative production and procurement partner that delivers big impact for big ideas across the globe. With +4,500 experts in every market and a thirty-year track record of success, we help the biggest brands on the planet achieve stronger, more sustainable growth. Across every channel. At the speed of modern business. With an unmatched supply chain, a growing suite of tech tools and data insights—we make our clients’ brilliant ideas unmissable everywhere.
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $137 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 25,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization – and over 1,100 cities, states and regions.
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