Bioplastics Market Size, Trends, Growth Status, Key Players Overview, Price Analysis, Share Estimation and Forecast to 2028 The global bioplastics market size is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years. Postponement of Green Investment by Government amid COVID-19 to Hamper Growth According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market. What does the Report Include? The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period. DRIVING FACTORS Increasing Demand for Eco-Friendly Plastics to Aid Growth According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940

The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2023 and 2028. According to Fortune Business Insights' recent report titled "Airborne Fire Control Radar Market, 2021-2028," the market reached a value of USD 2,655.4 million in 2020. The report highlights that the market is expected to witness significant growth due to factors such as the rising demand for target detection equipment and the increasing adoption of advanced technologies like active electronically scanning arrays (AESA). These factors are projected to drive the global adoption of airborne fire control radar systems. The airborne fire control radar market refers to the industry involved in the development, production, and sale of radar systems specifically designed for airborne platforms, primarily used for fire control applications. These radar systems are used in military aircraft, such as fighter jets and attack helicopters, to detect, track, and engage targets effectively. Information Source : https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048 Market Segmentation: The airborne fire control radar industry can be segmented based on: Platform Type: Fixed-wing Aircraft, Rotary-wing Aircraft. Frequency Band: X-Band, S-Band. Range Capability: Short-Range, Medium-Range, Long-Range. Application: Air-to-Air, Air-to-Ground, Multi-mode. Geography: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. What does the Report Include? The market report offers a comprehensive analysis of the airborne fire control radar market, encompassing qualitative and quantitative insights. It covers crucial aspects such as materials, leading companies, applications, and products. The report provides a deep understanding of the market trends, highlighting significant industry developments. It includes historical data and forecasts the revenue growth globally, regionally, and at the country level. The report analyzes the latest dynamics and identifies opportunities that will influence market growth from 2023 to 2028. DRIVING FACTORS Increasing Demand for Reconnaissance and Targeting Activities to Promote Market Growth The rising intrusion activities and the growing focus on upgrading their militaries by countries worldwide will boost the demand for advanced technologies for reconnaissance and targeting activities. Moreover, the increasing focus on accurate target detection and handling crucial missions is leading to the development of advanced radar systems. For instance, Israel Aerospace Industries Ltd has developed reconnaissance and targeting ELM-20600 RTP POD that efficiently detects, classifies, and precisely tracks and selects ground targets. Moreover, it includes inflight SAR images recording capabilities that ensure real-time target assessment. The increasing adoption of active electronically scanning array (AESA) technology that provides high reliability and low interception rate is further expected to bode well for the global airborne fire control radar market growth in the forthcoming years. REGIONAL INSIGHTS North America – The region stood at USD 891.41 million in 2020 and is projected to hold the highest position in the market during the forecast period. This is attributable to the presence of established airborne fire control radar manufacturers such as Northrop Grumman Corporation, Raytheon Technologies Corporation, and Lockheed Martin Corporation in the region. Europe – The market in the region is expected to showcase exponential growth backed by the growing demand for advanced airborne fire control radar systems by the Air Force of countries such as the U.K. and Germany between 2021 and 2028. Asia-Pacific – The increasing focus on the procurement of advanced 5th Generation fighter jets by China is expected to propel the product’s adoption in the region. Moreover, the surging demand for innovative UAVs is likely to contribute to the regional growth in the forthcoming years. COMPETITIVE LANDSCAPE Contract Signing by Major Companies to Strengthen Their Market Positions The market is witnessing fierce competition amongst the major companies operating in it. These companies are focusing on signing lucrative contracts to expand their airborne fire control radar portfolio. Moreover, other key players are striving to maintain their presence by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the growth of the market in the forthcoming years. Industry Development: February 2021 - Hindustan Aeronautics Limited (HAL) announced the installation of the ELTA-sourced active electronically scanning radar in the Jaguar Darin III fighter jets. The company reports that the radar is primarily designed for air-to-air attack and provides solid-state active electronically scanning array technology.

The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period. The gallium nitride (GaN) device market refers to the market for electronic devices that are based on gallium nitride semiconductor technology. GaN devices offer a number of advantages over traditional silicon-based devices, including higher efficiency, faster switching speeds, and greater power density. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367 Drivers & Restraints- Gallium Nitride Device Market Expansion of Telecommunications Domain to Accelerate Growth The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth. Segment- Gallium Nitride Device Industry Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells. Regional Insights- Gallium Nitride Device Industry The gallium nitride (GaN) device market is a global market that is spread across various regions. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are the major regions in the market. North America is the largest market for GaN devices, due to the presence of a large number of key players in the region. The increasing demand for GaN devices in the automotive and consumer electronics sectors is also driving the growth of the market in this region. The Asia-Pacific region is expected to witness the highest growth rate in the GaN device market during the forecast period. The growth in this region is primarily attributed to the increasing demand for power electronics in countries such as China, Japan, and South Korea. The region is also witnessing significant investments in research and development activities related to GaN devices. Competitive Landscape- Key Companies Focus on Winning New Contracts to Intensify Competition The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments: June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the U.S. Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. It is a part of the company’s Terminal High Altitude Area Defense (THAAD) system.

The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. The inertial measurement unit (IMU) market refers to the industry that produces and sells IMUs, which are electronic devices that measure and report a body's specific force, angular rate, and sometimes the magnetic field surrounding the body, using a combination of accelerometers, gyroscopes, and magnetometers. IMUs are used in a wide range of applications, including aerospace, navigation, robotics, automotive, and consumer electronics. The global IMU market has been growing steadily over the past few years and is expected to continue to grow in the coming years. Factors driving the growth of the IMU market include the increasing demand for IMUs in the aerospace and defense sectors, the rising adoption of automation and robotics in various industries, and the growing demand for consumer electronics such as smartphones and wearables. Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827 Market Driver There are several drivers contributing to the growth of the inertial measurement unit (IMU) market. Some of the key drivers include: Increasing demand from the aerospace and defense sector: IMUs are extensively used in aerospace and defense applications, such as aircraft, missiles, and unmanned aerial vehicles (UAVs). With the increasing demand for advanced defense systems and commercial aircraft, the demand for IMUs is also growing. Adoption of automation and robotics: The adoption of automation and robotics is increasing in various industries, such as automotive, manufacturing, and healthcare. IMUs are used in these industries to provide accurate information about the position and motion of objects, which is essential for the functioning of these systems. Growing demand for consumer electronics: IMUs are a critical component in consumer electronics such as smartphones, wearables, and gaming devices. The increasing demand for these devices is driving the demand for IMUs. Advancements in MEMS technology: The advancements in micro-electromechanical systems (MEMS) technology have led to the development of smaller, lighter, and more accurate IMUs. These advancements are making IMUs more accessible and affordable, which is driving the growth of the market. Increasing demand for autonomous vehicles: IMUs are used in autonomous vehicles to provide information about the vehicle's motion and orientation. With the increasing demand for autonomous vehicles, the demand for IMUs is also growing. Regional Insights North America to Lead the Charge; Asia-Pacific to Register Steady Growth North America, with a market size of USD 6.70 billion in 2019, is poised to dominate the inertial measurement unit market share during the forecast period owing to the strong presence of IMU manufacturers in the region. Moreover, the US is the highest defense spender in the world and is known to use some of the most advanced weaponry and surveillance technologies. These factors provide the necessary fodder for the growth of this market in the region. On the other hand, the market size in Asia-Pacific is anticipated to expand steadily on account of rising military spending in India and China. Other than this, the region is also experiencing surging usage of smartphones and other consumer electronics, which are the critical factors favoring market growth in the region. Competitive Landscape Growing Investment in R&D by Companies to Intensify Competition Development of IMUs requires innovation in engineering techniques and therefore, most players in this market are ramping up their R&D investment to enhance their innovation capabilities. This is also enabling them to strengthen their position in this market, diversify their portfolio, and expand globally. Industry Developments: January 2020: The Japanese electronics company, TDK Corporation, launched a family of inertial measurement units called InvenSense, featuring high performance and fault-tolerance capacities. Conceived for industrial applications, the novel offerings can measure three dimensions of rotation rate and three dimensions of linear acceleration. September 2019: Honeywell International, the US-based conglomerate, released HGuide, the company’s new world-class, lightweight, and low-cost IMU. The product is designed to withstand any environmental condition and caters to several application areas, including transportation, UAVs, surveying and mapping, robotics, and agriculture.

Hummus Market Trends Evaluation, Demands, Regional Analysis and Forecast to 2028 The global hummus market size is set to gain momentum from the increasing shift of people towards the vegan diet, especially in Europe and North America. The surging awareness of environmental sustainability and animal welfare is compelling people to opt for plant-based dips. As per Statista, in the U.S., sales of refrigerated plant-based dips went up to USD 11 million in April 2019. As per the report, the market size was USD 2.62 billion in 2020. It is predicted to grow from USD 2.95 billion in 2021 to USD 6.60 billion in 2028 at a CAGR of 12.17% in the forecast period. Companies profiled in the hummus market report are: Nestlé S.A. (Vevey, Switzerland) Cedar’s Mediterranean Foods, Inc. (Massachusetts, U.S.) Haliburton International Foods, Inc. (California, U.S.) Strauss Group, Ltd. (Sabra Dipping Company, LLC) (Petah Tikva, Israel) Bakkavor Group Plc (London, United Kingdom) Tribe Hummus (Massachusetts, U.S.) Boar’s Head Brand (Florida, United States) Hummus Gourmet, LLC (Lantana Foods) (Texas, U.S.) The Kraft Heinz Company (Illinois, U.S.) Hope Foods, LLC. (Colorado, U.S.) Drivers & Restraints: Rising Usage of Functional Ingredients to Improve Immunity will Aid Growth Consumers across the globe are nowadays demanding for unique flavors in their dips. Hence, several manufacturers are striving constantly to come up with novel products to cater to the taste and preferences of consumers. O'Dang Foods, for instance, introduced two new flavors of balsamic feta and classic Mediterranean hummus in the U.S. in June 2020 to fulfill the high demand for Mediterranean cuisine. A few other companies are equipping their dips with various functional ingredients, such as lime, turmeric, blueberry, and lavender because of the ongoing COVID-19 pandemic for enhancing immunity. However, the increasing availability of substitutes, namely, salsa and tahini may hamper the hummus market growth. Regional Insights: North America to Dominate Fueled by Higher Consumption of Dips and Spreads in the U.S. Geographically, North America held USD 1.33 billion in terms of revenue in 2020. It is anticipated to dominate the market in the upcoming years. The surging consumption and production of spreads and dips, especially in the U.S. would bolster growth. Also, companies are trying to produce attractive and new dips to generate more sales. Argania Foods, for instance, introduced vegan cauliflower keto hummus dip in the U.S. in December 2019. On the other hand, Europe is likely to remain in the second position backed by the high popularity of the product in the U.K. In Asia Pacific, the rising disposable income of people is expected to aid growth. Competitive Landscape: Key Players Focus on New Product Development to Intensify Competition The global market houses a large number of international and local companies that are constantly launching state-of-the-art products in various sizes to meet consumers’ needs. Most of them are conducting R&D activities to create unique dips. KEY INDUSTRY DEVELOPMENTS: April 2021: Ithaca Hummus unveiled two popular flavors, namely, Lemon Dill and Lemon Garlic in the sharing-size 17 oz. container for the first time. It would help the company to offer innovative products to those who consume the product on a regular basis. May 2020: Brami launched a new hummus made from lime juice, sunflower & olive oil, and lupini beans. It does not require refrigeration or contain artificial preservatives. Information Source: https://www.fortunebusinessinsights.com/hummus-market-105632

The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. The agriculture drones market refers to the use of unmanned aerial vehicles (UAVs) in the agriculture industry for various applications, such as crop scouting, assessment, and spraying. Agriculture drones are equipped with advanced sensors and imaging technology that can capture high-resolution images of crops and provide real-time data on crop health and growth. Market Driver Increasing demand for food production due to the growing global population Rising need for efficient crop monitoring and management to enhance crop yields and reduce costs Advancements in drone technology, such as improved sensors, longer flight times, and increased payload capacity Government support and initiatives to promote the use of drones in agriculture Growing trend of precision agriculture, which requires accurate and timely data on crop health and growth Increasing adoption of unmanned aerial vehicles (UAVs) for various agricultural applications, such as crop scouting, assessment, and spraying Cost-effectiveness and time-saving benefits of using drones compared to traditional methods of crop monitoring and management Increasing awareness among farmers about the benefits of using drones in agriculture. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/agriculture-drones-market-102589 Regional Insights Quick Adoption of Advanced Drones for Agriculture to Feed Market Growth in North America During the forecast period, North America is expected to dominate the agriculture drone market, with a market size of USD 367.6 million in 2019. This is primarily due to the quick adoption of advanced UAVs by farmers in the region to increase their farm's production. Additionally, lawmakers in the region have implemented favorable policies supporting the use of commercial drones and small UAVs for agricultural activities, further boosting market growth. Industry Developments: April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China. September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes. List of Key Players Covered in the Agriculture Drone Market Report: Delair Tech SAS (France) Parrot Drone (France) 3D Robotics (the US) AeroVironment Inc. (the US) GoPro (the US) Drone Deploy (the US) Sintera LLC (the US) Ag Eagle (the US) Trimble Navigation Ltd. (the US) Precision Hawk (the US) DJI (China)

The global software defined radios market size is prophesied to witness remarkable growth owing to the increasing expenditure on improving the defense communication system of various nations across the globe. The global Software Defined Radio (SDR) Market size was USD 12.45 billion in 2020. The market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period. It refers to the segment of the wireless communication industry that deals with radio communication systems that use software to digitize and process radio signals. SDR technology allows for greater flexibility in radio communication, as it can be reprogrammed and configured to operate on different frequencies and protocols. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524 List of Companies Profiled in the Report: BAE Systems (The U.K.) Aselsan (Turkey) Elbit Systems (Israel) General Dynamics (the U.S.) Northrop Grumman (The U.S.) Harris Corporation (The U.S.) Rockwell Collins (The U.S.) Thales Group (France) Leonardo (Italy) Rohde and Schwarz (Germany) Others Drivers & Restraints- Rising Adoption by Residential and Industrial Sectors to Bolster Growth The global software-defined radio market is experiencing significant growth due to several factors, including the increasing adoption of SDR in the telecommunication sector and its technological advancements. The introduction of cognitive radio (CR) and smart processing into SDRs, along with rising government expenditure on the military and defense sector, are also contributing to market expansion. The adoption of SDR across various sectors, including industrial, residential, and commercial, is expected to fuel market growth further. Moreover, the growing need for mission-critical communication is also expected to contribute to market growth in the coming years. On the contrary, high power consumption and interoperability of disparate communication technologies may cause hindrance to the market in the forecast period. Despite this, the growing use of wireless features, and the rising demand for next-generation IP systems are likely to create lucrative growth opportunities for the market in the coming years. Segmentation- Detailed Segmentation of the Software Defined Radios Market include: The software-defined radio industry is segmented based on application, component, platform, frequency band, type, and geography. The application segment is divided into commercial and defense, while the component segment is categorized into auxiliary system, software, receiver, and transmitter. The platform segment includes space, naval, airborne, mobile, fixed, and land. The frequency band is further divided into UHF, VHF, HF, and other bands. The type segment consists of terrestrial trunked radio (TETRA), cognitive or intelligent radio, and joint tactical radio system (JTRS). Industry Developments: April 2016 – A $12.7 billion contract was awarded to Rockwell Collins by the U.S. Army for supplying software-defined radios for military communication under the Handheld, Manpack, and Small Form Factor (HMS) program. October 2017 – A $131.9 million contract was awarded to Thales by the Royal Navy (UK) for supporting the communication systems installed on the HMS Queen Elizabeth Class for a period of 7 years.

Chocolate Confectionery Market Regional Analysis, Opportunities and Forecast to 2027 The global chocolate confectionery market size is projected to reach USD 136.42 billion by 2027, exhibiting a CAGR of 2.3% during the forecast period. Widespread awareness regarding the potential health benefits of chocolate is expected to play a central role in driving the growth of this market. Chocolate products, especially dark chocolate, offer a plethora of health benefits. Dark chocolate and cocoa are known to have more flavanols, polyphenols, and antioxidants compared to acai berries, blueberries, and many other naturally occurring consumable foods. Further, a dark chocolate bar holds considerable amounts of iron, copper, and fiber, bolstered with an additional variety of other nutrients. A research study in the National Institutes of Health found that consuming dark chocolate helps regulate blood pressure more efficiently as the presence of flavanols can activate the lining within the arteries, reducing the impediments to blood flow and lowering the risk of heart disorders. These benefits of dark chocolate are surging their consumption, which is propelling the global market growth. List of Key Players Covered in the Chocolate Confectionery Market Report are: Mars Inc. (Virginia, U.S.) The Hershey Company (Pennsylvania, U.S.) Mondelez International (Illinois, U.S.) Ferrero SpA (Alba, Italy) Nestle S.A. (Vevey, Switzerland) Ezaki Glico Co., Ltd. (Osaka, Japan) Meiji Holdings Co., Ltd. (Tokyo, Japan) HARIBO GmbH & Co. KG (Bonn, Germany) Chocoladefabriken Lindt & Sprungli AG (Zürich, Switzerland) Barry Callebaut (Zürich, Switzerland) Market Restraints Shrinking Sales amid COVID-19 Pandemic to Stall Market Growth The chocolate confectionery market growth is expected to be hit by the coronavirus pandemic as lockdown and social distancing measures have forced consumers to stay at home and retail shops to close down, albeit temporarily. Moreover, severe global economic downturn has led to job losses and plummeting revenues for businesses, which has arrested spending on non-essential foods such as chocolate products. This, in turn, has contracted sales of some of the major players in the chocolate confectionery industry. The Hershey Company, for instance, reported in April that its international net sales dipped by 8.1% to USD 192.5 million. Similarly, in July 2020, Lindt & Spruengli, the Swiss chocolate maker, announced a fall in organic sales by 5-7% in the current year owing to store closures forced by COVID-19. Regional Insights North America to Have Dominating Lead in the Market Backed by High Demand for Premium Chocolates With a market size of USD 19.50 billion in 2019, North America is anticipated to lead the chocolate confectionery market share during the forecast, mainly owing to the high demand for premium chocolate snacks and products among the consumers in the region. However, in the US, whose market volume stood at 1,410.20 thousand tons in 2019, the market is expected to experience limited growth owing to increasing resistance to high-sugar chocolate confectioneries and rising preference for low-sugar confectionery items. In Europe, chocolate items are a central component in festivals in the region, which is the major factor augmenting the market growth. In Asia-Pacific, per capita consumption of chocolate products is increasing as a result of growing disposable income in the region. Large proportion of young population and evolving taste preferences are having a considerable influence on the growth trajectory of the market in the region. Competitive Landscape Heavy Investments in R&D by Key Players to Create Healthy Competitive Atmosphere The market for chocolate confectioneries is characterized by a healthy competitive climate as top companies are directing their energies towards elevating their R&D capabilities. Moreover, some players in this market are also engaging in efforts towards establishing sustainable agriculture practices in key cocoa producing regions. Industry Developments: July 2020: Mars, Incorporated announced its collaboration with World Agroforestry and the International Fund for Agricultural Development to initiate a 5-year-long research project called Sustainable Farming in Tropical Asian Landscapes. The project will be directed towards sustainably connecting small-scale cocoa and palm oil producers in Indonesia and the Philippines to global supply chains. October 2019: India-based ITC Limited released the world’s most expensive chocolate under its Fabelle brand. Priced at INR 4.3lakh per kilogram, the limited edition luxury chocolate dubbed ‘Trinity – Truffles Extraordinaire’ entered into the Guinness Book of World Records as the world’s costliest chocolate product. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/chocolate-confectionery-market-100539

Pasta Market Demand, Segments and Forecast by 2023-2029 The global pasta market size was valued at USD 43.63 billion in 2021. The market is projected to rise from USD 46.84 billion in 2022 to USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “Pasta Market, 2022-2029.” According to the study, pasta products will be sought-after across advanced and emerging economies, partly due to the trend for the Western diet. Moreover, soaring penetration of ready-to-cook food products has boosted the industry's growth. However, mixed impact from the COVID-19 pandemic compelled stakeholders to redefine their strategies. Major Players Profiled in the Pasta Report: Barilla G. e R. F.lli S.p.A. (Italy) Ebro Foods, S.A. (Spain) CAMPBELL SOUP COMPANY (U.S.) TreeHouse Foods, Inc. (U.S.) Unilever (U.K.) The Kraft Heinz Company (U.S.) BORGES INTERNATIONAL GROUP (Spain) Nestlé (Switzerland) F.lli De Cecco di Filippo S.p.A (Italy) Armanino Foods of Distinction (U.S.) Drivers and Restraints Rising Footfall of Convenient Food to Underpin Industry Growth Industry participants expect the trend for ready-to-eat food products to boost the pasta market growth during the forecast period. The Unione Italiana Food and ICE Agency claims that the product consumption surged in Germany, Italy, the U.S., and France during lockdown. Strong consumption of the product amidst the pandemic will foster the business outlook. Notably, the dish has become an invaluable part of diet globally. According to Oxfam, it is regarded as the favorite dish in the world. Current trends suggest leading companies will continue to inject funds into the market landscape. However, low wheat production along with aversion toward high-calorie food could bring a notable shift in the industry. A notable surge in health-conscious consumers will compel industry players to rethink their strategies. Regional Insights Europe to Offer Promising Opportunities with Growing Footfall of Gluten-free Dish A palpable surge in millennials and the Gen Z population across the U.K., France, and Italy has brought a paradigm shift in the product manufacturing. Prominently, manufacturers have upped investments in gluten-free products. The market in Europe was valued at USD 18.35 billion in 2021 and will witness a similar trend owing to the demand for chilled products. The Asia Pacific pasta market share will observe an appreciable gain during the forecast period due to the presence of leading companies across China, Japan, Australia, and India. A gradual rise in purchasing power in emerging economies could aid the regional growth. The demand for traditional recipes and methods for cooking the product will be noticeable in the ensuing period. Industry participants are poised to inject funds into the North America industry following the penetration of online channels and convenience stores. Health-conscious consumers are likely to encourage manufacturers to streamline the supply chain process. Industry participants expect chilled and dried products to gain traction across the U.S. and Canada. Competitive Landscape Industry Players to Invest in Product Launches to Grow their Portfolio Well-established players and emerging companies are predicted to focus on mergers & acquisitions, product launches, technological advancements, and R&D activities. Current trends indicate leading companies are slated to focus on geographical expansion during the forecast period. Key Industry Developments August 2021: Pasta Plant announced its plans to roll out new gluten-free pasta varieties into the market. September 2021: Italy-based manufacturer, Barilla, announced the expansion of a gluten-free pasta product line composed of chickpea flour. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

Kefir Market to Witness Significant Growth in Coming Years - Exclusive Report by 2027 The global kefir market size is projected to reach USD 1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period. Excellent benefits of fermented dairy products on heart health will prove to be a major game-changer for this market in the coming years. Kefir has been consumed for centuries in Eastern Europe and other parts of the world, and it is becoming increasingly popular in other regions as well, due to its perceived health benefits. Findings from a 2018 study conducted by researchers from the University of Eastern Finland revealed that men who consume large amount of fermented dairy items such as kefir and yoghurt have a significantly lower risk of developing coronary heart disease. Another study, conducted in Brazil and published in the Journal of Nutritional Biochemistry in 2019, showed that kefir-infused fermented milk improved blood pressure and prevented cardiac hypertrophy. With increasing prevalence of cardiovascular disorders, which are the number one cause of death worldwide according to the WHO, the demand for probiotics-laden ingredients such as kefir is likely to spike, as people become more aware of their potential health benefits. List of Key Companies Profiled in the Kefir Market Report: The Icelandic Milk and Skyr Corp (New York, U.S.) Maple Hill Creamery, LLC (New York, U.S.) Green Valley Creamery (California, U.S.) The Hain Celestial Group, Inc. (New York, U.S.) Nestle S.A. (Vevey, Switzerland) Emmi AG (Lucerne, Switzerland) Fresh Made Dairy (Pennsylvania, U.S.) Biotiful Dairy Limited (London, England) Danone S.A. (Paris, France) Lifeway Foods, Inc. (Illinois, U.S.) Market Opportunity Increasing Focus on Gut Health to Fight the Coronavirus to Create Opportunities The COVID-19 pandemic has renewed the debate on maintaining gut health, with several health experts emphasizing and highlighting the critical link between the immune system and the gut. For example, epidemiologists at the King’s College London established through research that gut bacteria release many important chemicals, including Vitamin A, which help regulate and strengthen the immune system. With a vaccine for the coronavirus seeming unlikely in the immediate future, bolstering the gut micro-biome, and the immune system by extension, has become crucial. This is possible, according to the researchers, by consuming healthy amounts of natural probiotics found in drinks such as kefir and fermented foods such as Korean kimchi. The current health crisis, therefore, may generate conditions favorable to the kefir market growth. However, disruptions in supply chains and downturn in economic activities will dampen the growth prospects of the market in 2020. Competitive Landscape Companies to Align Strategies to Serve Evolving Consumer Tastes With consumer preferences and tastes undergoing continuous change, key players in this market are constantly evolving their strategies to meet the consumer demand. As a result, companies are developing and introducing novel offerings to broaden their sales horizons and build a strong brand value for their products. Industry Developments: May 2020: Biotiful Dairy expanded its kefir liquid portfolio with the addition of Kefir Blackcurrant and Kefir Mango flavors. The company’s cultured milk beverages are created by fermenting milk with live kefir grains, which is then infused with fruit. September 2019: Lifeway Foods released the “Kefir Minis” product range at the Natural Products Expo East held in Baltimore, Maryland. Offered in small-sized bottles for on-the-go snacking, the line-up features four flavors, including Strawberry Split and Campfire S’mores, catering to kids’ tastes and likings. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/kefir-market-102463