The global protein supplements market size was valued at USD 11.92 billion in 2020. The market is estimated to rise from USD 14.05 billion in 2021 to USD 25.91 billion by 2028 at a 9.1% CAGR during the forecast period. Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, “Protein Supplements Market, 2021-2028.”

According to the analysis, the palpable trend for ready-to-drink (RTD) products will augur well for leading companies vying to expand their portfolios. Besides, increasing consumption of dried fruit snacks will encourage stakeholders to invest in protein supplement solutions. Meanwhile, the emergence of the COVID-19 pandemic could have a toll on industry growth.

COVID-19 Impact

Pandemic Triggers Innovations in Protein Supplements

The prevalence of the COVID-19 pandemic prompted millennials and the Gen Z population to seek immune-boosting supplements. A notable demand for food & beverages and nutritional supplements boded well for the business outlook. Leading companies are likely to inject funds into innovations to streamline the supply chain across North America, Europe and the Asia Pacific.

Report Coverage

The report is prepared through qualitative and quantitative analysis to provide a granular view of the market. The report highlights bottom-up and top-down approaches to give a comprehensive view of product mapping. Further, primary interviews have been conducted with opinion leaders, suppliers, and other stakeholders. Primary data has been collated through emails, telephonic conversations and questionnaires. The secondary sources include press releases, SEC filings and websites.

Segments

Source, Product, Distribution Channel, and Region are Studied

In terms of source, the market is segmented into animal-based, plant-based, and others.

Based on product, the market is segregated into RTD, protein bars, protein powder, and others.

On the basis of distribution channels, the market is fragmented into pharmacies/drug stores, supermarkets and hypermarkets, online retail, and others.

With respect to region, the market includes North America, Asia Pacific, Europe, the Middle East and Africa, and South America.

Drivers and Restraints

Exponential Demand for Sports Nutrition to Underpin Industry Growth

With the penetration of proteins, supplements, vitamins, and minerals surging, industry players are likely to bank on sports nutritional products. The protein supplements market growth will witness an upward trajectory against the backdrop of the demand for sports supplements and beverages. The need to boost stamina performance and bolster muscle growth could foster the presence of microencapsulation and nano-encapsulation technologies. Prominently, online channels and pharmacies could witness the penetration of sports nutrition ingredients. As such, heightened awareness regarding the nutritional upsides of the supplements could act as a major catalyst over the next few years.

Meanwhile, fluctuating raw materials prices, including milk and soybean, could be the major bottlenecks for robust growth.

Regional Insights

North America Market to Gain Ground with Rising Fitness Awareness

Stakeholders are poised to infuse funds into the U.S., Canada and Mexico, following the trend for functional food and beverages. The rising footfall of protein bars and shakes could underpin the North America protein supplements market share during the forecast period. Industry players expect millennials to seek healthy snacks amidst rising demand for sports nutrition.

The Asia Pacific industry forecast will be strong due to the burgeoning millennial population across emerging economies such as India. Moreover, developed economies, including Japan have exhibited a profound interest in plant-based and animal-based protein supplements. In doing so, pharmacies and supermarkets are likely to be the major distribution channels.

Key players envisage Europe as a lucrative region in the wake of the trend for functional foods across the U.K., Germany, France, and Italy. Besides, leading companies, including Ultimate Nutrition, Inc. and Glanbia plc could boost the regional growth in the ensuing period.

Competitive Landscape

Stakeholders to Focus on Product Rollouts to Expand Penetration

Leading companies are poised to emphasize product launches, mergers & acquisitions, geographical expansion, and R&D activities during the assessment period. Leading companies are expected to invest in technological advancements to gain ground.

Source:

https://www.fortunebusinessinsights.com/protein-supplements-market-106511

The global artichokes market size was USD 2.67 billion in 2020. The market is projected to grow from USD 2.71 billion in 2021 to USD 3.19 billion in 2028 at a CAGR of 2.34% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Artichokes Market, 2021-2028.” Factors, such as the inclusion of chromium, fiber, folate, and potassium, and health-enhancing properties, such as digestibility, fat absorption, and ability, to bind water and minerals will boost the market growth during the forecast period. Additionally, rising popularity and increasing application base in the culinary world will fuel the market growth.

COVID-19 Impact

Declined Production Levels to Hamper Market During COVID-19

The COVID-19 impact had a drastic change due to decreased demand from the consumer base. The sudden closure of international and national borders led to fewer exports and caused disruptions in the existing supply chain. Since the crop is highly labor induced, lower yield was extracted due to a fragmented workforce. However, rising applications across the pharmaceutical and personal care sector will show signs of revival for the market as the pandemic looms on.

Report Coverage

The market report provides qualitative and quantitative data by offering a detailed analysis of various segments such as forms, end-use, market size, and growth rate. The report further encompasses the market’s dynamics and a competitive landscape in order to provide our readers with an informative read. Factors such as research methodology, recent industry developments, mergers & acquisitions, and the regulatory scenario in critical countries are noted.

Drivers & Restraints

Raising Awareness of Functional Properties to Bolster Market Growth

Health benefits, such as better digestion, heart health, and liver health, and rising incidence of health disorders among consumers will boost the artichokes market growth during the forecast period. Additionally, the product has prebiotic and antioxidant properties when consumed. They are also considered to have bioactive ingredients and often used for biofuel production, which trigger incremental market growth.

However, seasonal dependency for production will limit the market growth during the forecast period.

Regional Insights

Europe to Hold Highest Market Share due to Rising Organic Consumption

Europe will witness the highest artichokes market share during the forecast period due to rising consumption of the product in the region and rising demand from emerging economies such as Italy, France, Spain, and the U.K. Rising investment toward research & development and diversifying usages will further fuel the market growth.

South America will occupy a substantial market share in terms of global contribution due to rising production in Peru and Argentina and the rising application of artichokes in several food products. Expanding production capabilities by the Peruvian Exporters’ Association (ADEX) will further boost the market value.

Competitive Landscape

Product Launches and Collaborations to Drive Market Growth

The market players are striving for launching novel iterations of their products and continuing market innovation. The dominant players are also focused on expanding the vegetable variety for addressing a wider consumer base. For example, in March 2020, Euromed launched a new addition to its research-backed fruit extracts. This product is inspired by customer demand for plant-based and eco-friendly food supplements containing artichoke extract - Cynamed. Efforts are also being made for improving the taste and appearance for achieving a greater aesthetic impact.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/artichokes-market-106433

The global soybean oil market size is set to experience dynamic growth owing to the rising demand for soybean oil from the automobile industry, finds Fortune Business Insights™ in its report, titled “ Soybean Oil Market, 2021-2028”.

The soybean oil serves as a plasticizer for hydrochloric acid released when the PVC degrades thermally. There is a high demand for soybean oil from the automobile industry as this type of oil is used as a lubricant that can help to improve the fuel efficiency of the automotive engine. Hence, the growing demand for this oil is projected to drive the growth of this market. Further, the soybean oil is temperature resistant, eco-friendly, and readily available. This type of oil requires lower cost of production, which is another major factor driving this market’s growth.

However, the strict rules and regulations about the utilization of soybean oil in food industry are projected to hinder the growth of this market.

COVID-19 Impact:

The COVID-19 pandemic has severely affected all major industries and economies worldwide. Due to the increasing lockdown restrictions and shutdown of businesses around the world, the production and distribution of soybean oil has been adversely affected, which is anticipated to hamper the growth of this market in several regions.

Market Segmentation:

On the basis of application, this market is classified into plasticizers, fuel additives, pigment dispersion agent, and others. Based on end-use, the market is divided into automotive, adhesives and sealants, food and beverages, and others. By geography, the market is clubbed into North Ameica, Europe, Asia Pacific, South America, and the Middle East & Africa.

Highlights/Summary:

The report delivers a holistic evaluation of all market segments and offers an in-depth analysis of the market drivers, trends, restraints, and opportunities. In addition, the report contains tangible insights into the regional dynamics shaping the market, as well as incorporates a granular examination of the key market players’ profiles and strategies.

Drivers/Restraints:

Increasing Demand for Soybean Oil from the Food Industry to Propel the Market

The soybean oil is used in food and beverage industry as a coating for wrapping the food items. This type of oil is biodegradable, renewable, and is easily available for use. Hence, there is a high demand for this oil from the food industry. This oil is widely used vegetable oil which serves as a substitute in the chemical industry due to its low price and maximum output. This is an important factor contributing to the growth of this market.

Regional Insights:

Increasing Demand for Soybean Oil from the Adhesives and Sealants Industry to Boost the Asia Pacific Market Growth

Asia Pacific region is projected to dominate in the soybean oil market share on account of the increasing usage of this oil from the automotive, adhesives and sealants industries.

North America region is anticipated to grow speedily in this market due to the easy accessibility to the soybean oil owing to its fewer prices is projected to fuel this market’s growth.

Competitive Landscape:

Strong Focus on Increased Production of Soybean Oil by Key Players to Boost Competition

The leading companies in the soybean oil market are focusing on increasing their production and distribution capabilities of this oil in several regions by collaborating with small scale and large scale companies. This has resulted in the increasing competition among key companies which will help them to widen their business offerings and strengthen their market position.

Industry Development:

May 2020: Elekeiroz, a producer and distributor of plasticizers signed an agreement with Nexoleum for the production of plasticizers using soybean oil as feedstock.

List of Key Players Covered in the Soybean Oil Market Report:

Galata Chemicals LLC

Arkema

The DOW Chemical Company

KH Chemicals

CHS Inc.

Ferro Corporation

Hairma Chemicals (GZ) Ltd.

Sigma-Aldrich

Browse Summary

https://www.fortunebusinessinsights.com/soybean-oil-market-106282

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.

Report Coverage

The report sheds light on quantitative and qualitative assessments to offer a holistic view of the global market. Further, a host of primary interviews has been conducted with opinion leaders, suppliers, and other stakeholders. Primary data has been collated through emails, telephonic conversations, and questionnaires. The secondary sources referred are press releases, SEC filings, and websites. The report highlights bottom-up and top-down approaches to provide a comprehensive view of product mapping.

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.)

COVID-19 Impact

Uptake of Pasta Consumption amidst Pandemic to be pronounced

Industry players witnessed a gradual spike in the product consumption following the tendency of stockpiling. Leading companies upped investment in streamlining food production and consumption across advanced and emerging economies. Meanwhile, factory closures and lockdown measures challenged the growth prospects.

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.

Source:-

https://www.fortunebusinessinsights.com/pasta-market-102284

The beef marketsize reached USD 395.22 billion in 2021. The market value is anticipated to increase from USD 414.98 billion in 2022 to USD 604.34 billion by 2029 at a CAGR of 5.52% during the forecast duration. A growing number of young people prefer to eat burgers and rolls made from different cuts of meat, says Fortune Business InsightsTM in its report titled, “Beef Market, 2022-2029”.

COVID-19 Impact-

Manufacturing and distribution of meat will be disrupted amid COVID-19, limiting market growth

The COVID-19 crisis had a significant impact on the production and supply of raw materials used in the meat industry. The availability of animal feed materials has significantly decreased due to disruptions in logistics. This increased the cost of raising feeder cattle for farm owners and had an impact on-farm production. Various meat processing plants were either closed or operating at reduced capacity as a result of worker infections. As a result, animal farm owners had few options for selling their animals in various meat processing plants. They were forced to euthanize the animals, which impacted their cattle market revenue generation.

Segmentation-

On the basis of cut type, the beef market share is divided into ground, roasts, steaks, and others. On the basis of distribution channels, the market is segmented into retail sales, HoReCa, and butcher shops. Geographically, the market is classified into Asia Pacific, North America, Europe, and the Middle East & Africa.

Report Coverage-

The beef market report analyses the market in-depth, focusing on key aspects such as beef cuts, leading product distribution channels, and leading companies. Apart from that, the report provides insights into market trends and emphasizes key industry developments.

Drivers & Restraints-

Rising Disposable Incomes and Growing Demand for Animal Protein to Drive Growth

One of the major factors driving consumer demand for nutritious, protein-rich meat products is an increase in disposable income. Consumption of such products is increasing in emerging economies such as China and Thailand, particularly among the middle class. Consumers began to include meat products, including beef, in their diets as their living standards improved and they became more aware of the importance of animal protein. However, animal farms are a major source of greenhouse gasses, and reducing meat consumption will eventually produce animal production. This factor will result in impeding the beef market growth.

Competitive Landscape-

Major Players Employ Acquisition Strategies to Consolidate Market Position

Companies are also attempting to integrate their supply chains in order to gain greater control over the manufacturing process. They also use cutting-edge technology, such as blockchain, to track cattle disease and ensure products are manufactured safely. With the increasing demand for innovative meat products, manufacturers are focusing on developing novel solutions to meet the tastes and preferences of various consumer segments across geographies.

Notable Industry Development-

March 2021: National Beef Packing Company, LLC has announced plans to expand its beef production capabilities in Iowa. With the establishment of such facilities, the company will have access to high-quality grain-fed cattle in the region.

Source:

https://www.fortunebusinessinsights.com/beef-market-106640

The global sprinkler irrigation market size is anticipated to reach USD 2.91 billion by 2027 attributable to the rise in efforts of the government to encourage the use of sprinklers for multiple crop production. Sprinkler irrigation is the method of applying water to crops in a way similar to that of rainfall. The water to be sprayed is distributed through a pipe system and then sprayed into the air through sprinklers so that the water breaks into tiny droplets when falling to the ground. In this way, crops will get the desired amount of water required for their growth without wasting excess water. A recently published report by Fortune Business Insights offers a 360-degree overview of the market and its prime growth trajectories. As per the report titled, “Sprinkler Irrigation Market Size, Share & Industry Analysis, By Type (Center Pivot, Lateral Move, Solid Sets, and Others), Mobility (Stationary and Towable), Application (Field Crops, Orchard Crops, Landscape & Turf, and Others), and Regional Forecast, 2020 – 2027,” the market value was USD 2.57 billion in 2019 and will rise at a CAGR of 1.67% during the forecast period set between 2020 and 2027.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

List of Key Sprinkler Irrigation Manufacturers Profiled in this Report include:

Netafim Limited

Rivulis Irrigation Ltd.

Lindsay Corporation

Nelson Irrigation Corporation

Jain Irrigation Systems Ltd.

Hunter Industries

Valmont Industries

Rain Bird Corporation

The Toro Company

Reinke Manufacturing Co. Inc.

Other Players

Increasing Need to Feed Population Despite Covid19 Outbreak will Propelling Growth

The agricultural industry is negatively impacted by the current pandemic of COVID19 that has propelled all businesses to come at a halt. Crop cultivation and irrigation have however managed to survive in developing nations such as Pakistan, India, South Africa, China, and others. The price of sprinkler systems in the nations mentioned above has witnessed extensive rise due to its low labor association and increasing need for crop irrigation to feed the population even during the coronavirus attack and worldwide declaration of lockdown. However, in the developed nations of Europe and North America, the market is stable owing to the availability of automated sprinkler systems.

Market Drivers:

Increasing Awareness about New Irrigation Techniques will Bolster Growth

The increasing need to cultivate more crops rapidly to feed the growing population is the major sprinkler irrigation market growth, driver. Besides this, the rise in farmer awareness about the latest irrigation techniques with the help of government-supported initiatives is also adding impetus to the market. Furthermore, the rising acceptance of various water-efficient precision agricultural practices is likely to create lucrative growth opportunities for the market in the coming years.

Regional Segmentation:

Asia Pacific will Register Fastest Growth Rate with Government-supported Initiatives

Regionally, North America generated the highest revenue of USD 930.85 million earned in 2019. This is owing to the presence of large area under irrigation across nations such as the U.S. On the other side, the market in Europe will witness significant growth on account of high awareness about modern irrigation system and allotment of huge plots of land under sprinkler irrigation in nations such as Italy, France, Spain, and Russia. Furthermore, Asia Pacific is expected to witness the fastest growth rate on account of the robust rate of the growing population and high support from the government to adopt the use of sprinklers for irrigation.

Competitive Landscape:

Jain Irrigation Systems, Lindsay Corporation and few others enjoying Dominant Position

The market is consolidated in nature due to the presence of a few regional and global vendors. Players functioning in the market are engaging in collaborative efforts such as mergers and acquisitions, contracts and agreements, joint ventures, and partnerships for gaining a competitive edge in the market. Manufacturers such as Jain Irrigation Systems, Inc., Netafim Limited, Lindsay Corporation, and Valmont Industries are holding a prominent position in the market with their collaborative efforts.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/industry-reports/sprinkler-irrigation-systems-market-101611

The global sprinkler irrigation market size is anticipated to reach USD 2.91 billion by 2027 attributable to the rise in efforts of the government to encourage the use of sprinklers for multiple crop production. Sprinkler irrigation is the method of applying water to crops in a way similar to that of rainfall. The water to be sprayed is distributed through a pipe system and then sprayed into the air through sprinklers so that the water breaks into tiny droplets when falling to the ground. In this way, crops will get the desired amount of water required for their growth without wasting excess water. A recently published report by Fortune Business Insights offers a 360-degree overview of the market and its prime growth trajectories. As per the report titled, “Sprinkler Irrigation Market Size, Share & Industry Analysis, By Type (Center Pivot, Lateral Move, Solid Sets, and Others), Mobility (Stationary and Towable), Application (Field Crops, Orchard Crops, Landscape & Turf, and Others), and Regional Forecast, 2020 – 2027,” the market value was USD 2.57 billion in 2019 and will rise at a CAGR of 1.67% during the forecast period set between 2020 and 2027.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Increasing Need to Feed Population Despite Covid19 Outbreak will Propelling Growth

The agricultural industry is negatively impacted by the current pandemic of COVID19 that has propelled all businesses to come at a halt. Crop cultivation and irrigation have however managed to survive in developing nations such as Pakistan, India, South Africa, China, and others. The price of sprinkler systems in the nations mentioned above has witnessed extensive rise due to its low labor association and increasing need for crop irrigation to feed the population even during the coronavirus attack and worldwide declaration of lockdown. However, in the developed nations of Europe and North America, the market is stable owing to the availability of automated sprinkler systems.

Market Drivers:

Increasing Awareness about New Irrigation Techniques will Bolster Growth

The increasing need to cultivate more crops rapidly to feed the growing population is the major sprinkler irrigation market growth, driver. Besides this, the rise in farmer awareness about the latest irrigation techniques with the help of government-supported initiatives is also adding impetus to the market. Furthermore, the rising acceptance of various water-efficient precision agricultural practices is likely to create lucrative growth opportunities for the market in the coming years.

Regional Segmentation:

Asia Pacific will Register Fastest Growth Rate with Government-supported Initiatives

Regionally, North America generated the highest revenue of USD 930.85 million earned in 2019. This is owing to the presence of large area under irrigation across nations such as the U.S. On the other side, the market in Europe will witness significant growth on account of high awareness about modern irrigation system and allotment of huge plots of land under sprinkler irrigation in nations such as Italy, France, Spain, and Russia. Furthermore, Asia Pacific is expected to witness the fastest growth rate on account of the robust rate of the growing population and high support from the government to adopt the use of sprinklers for irrigation.

Competitive Landscape:

Jain Irrigation Systems, Lindsay Corporation and few others enjoying Dominant Position

The market is consolidated in nature due to the presence of a few regional and global vendors. Players functioning in the market are engaging in collaborative efforts such as mergers and acquisitions, contracts and agreements, joint ventures, and partnerships for gaining a competitive edge in the market. Manufacturers such as Jain Irrigation Systems, Inc., Netafim Limited, Lindsay Corporation, and Valmont Industries are holding a prominent position in the market with their collaborative efforts.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/industry-reports/sprinkler-irrigation-systems-market-101611

The global savory ingredients market size is predicted to reach USD 11.94 billion by the end of 2026, exhibiting a CAGR of 6.65% during the forecast period. The growing utilization of savory ingredients for sweet, sour, and salty taste in Japanese and Chinese cuisines will have a tremendous impact on the savory ingredients market growth during the forecast period. The increasing consumption of food products around the world will spur opportunities for the market in the forthcoming years, states Fortune Business Insights in a report, titled “Savory Ingredients Market Size, Share and Industry Analysis By Source (Natural, Synthetic), Product (Yeast Extracts, Monosodium Glutamate, Protein, Nucleotides), Application (Food, Animal Feed), and Regional Forecast 2019-2026” the market size stood at USD 7.25 billion in 2018.

Worldwide COVID-19 Impact Analysis:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Market Driver:

Rising utilization of Savory in Processed Food to Augment Growth

The increasing application of savory ingredients in the production of processed food products. Will have a positive impact on the market during the forecast period. The fusion of savory ingredients in a variety of food products such as savory snacks nuts, crisps, extruded snacks, sweets, salty snacks, and others will boost the growth of the market in the forthcoming years.

The rising consumption of snacks, soups, and meat-based products will spur opportunities for the market in the forthcoming years. The use of savory ingredients in curated meat products to enhance the taste will subsequently foster the growth of the market. The evolving preference and eating habits of consumers will consequently facilitate the growth of the market.

The rising focus of food manufacturers towards savory ingredients to enhance the sensorial properties and taste of the food products is expected to aid the expansion of the market. In addition, the rising partnerships and acquisitions among key players will consolidate the industry and therefore promote the growth of the market.

For instance, in December 2018, Kerry Group, a leading food company based in Ireland announced the acquisition of Ariake U.S.A., Inc. a food production company engaged in manufacturing natural seasonings such as natural clean labels savory taste solutions. The new development will help Kerry Group reinforce its position in the market.

Regional Analysis:

Heavy Demand for Ready-to-eat Food Items to Favor Growth in Asia Pacific

Asia Pacific is predicted to witness a significant growth rate during the forecast period owing to the high consumption of savory snacks, curated meat products, and soups in the region. The rising demand for savory snacks and ready-to-eat meals is likely to back the growth of the market in Asia Pacific. The growing utilization of monosodium glutamate (MSG) in countries such as China and Japan. China is the world's largest MSG producer and consumer. The shifting consumer preference will also influence growth in Asia Pacific. Furthermore, the growing consumption of noodles in developing economies such as China, India owing to the evolving lifestyle of people will bolster the healthy growth of the market. The surge in working professionals has led to the demand for ready-to-eat food items, which in turn, will encourage the growth of the market.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/industry-reports/savory-ingredients-market-100256

The global sprinkler irrigation market size is anticipated to reach USD 2.91 billion by 2027 attributable to the rise in efforts of the government to encourage the use of sprinklers for multiple crop production. Sprinkler irrigation is the method of applying water to crops in a way similar to that of rainfall. The water to be sprayed is distributed through a pipe system and then sprayed into the air through sprinklers so that the water breaks into tiny droplets when falling to the ground. In this way, crops will get the desired amount of water required for their growth without wasting excess water. A recently published report by Fortune Business Insights offers a 360-degree overview of the market and its prime growth trajectories. As per the report titled, “Sprinkler Irrigation Market Size, Share & Industry Analysis, By Type (Center Pivot, Lateral Move, Solid Sets, and Others), Mobility (Stationary and Towable), Application (Field Crops, Orchard Crops, Landscape & Turf, and Others), and Regional Forecast, 2020 – 2027,” the market value was USD 2.57 billion in 2019 and will rise at a CAGR of 1.67% during the forecast period set between 2020 and 2027.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Increasing Need to Feed Population Despite Covid19 Outbreak will Propelling Growth

The agricultural industry is negatively impacted by the current pandemic of COVID19 that has propelled all businesses to come at a halt. Crop cultivation and irrigation have however managed to survive in developing nations such as Pakistan, India, South Africa, China, and others. The price of sprinkler systems in the nations mentioned above has witnessed extensive rise due to its low labor association and increasing need for crop irrigation to feed the population even during the coronavirus attack and worldwide declaration of lockdown. However, in the developed nations of Europe and North America, the market is stable owing to the availability of automated sprinkler systems.

Market Drivers:

Increasing Awareness about New Irrigation Techniques will Bolster Growth

The increasing need to cultivate more crops rapidly to feed the growing population is the major sprinkler irrigation market growth, driver. Besides this, the rise in farmer awareness about the latest irrigation techniques with the help of government-supported initiatives is also adding impetus to the market. Furthermore, the rising acceptance of various water-efficient precision agricultural practices is likely to create lucrative growth opportunities for the market in the coming years.

Regional Segmentation:

Asia Pacific will Register Fastest Growth Rate with Government-supported Initiatives

Regionally, North America generated the highest revenue of USD 930.85 million earned in 2019. This is owing to the presence of large area under irrigation across nations such as the U.S. On the other side, the market in Europe will witness significant growth on account of high awareness about modern irrigation system and allotment of huge plots of land under sprinkler irrigation in nations such as Italy, France, Spain, and Russia. Furthermore, Asia Pacific is expected to witness the fastest growth rate on account of the robust rate of the growing population and high support from the government to adopt the use of sprinklers for irrigation.

Competitive Landscape:

Jain Irrigation Systems, Lindsay Corporation and few others enjoying Dominant Position

The market is consolidated in nature due to the presence of a few regional and global vendors. Players functioning in the market are engaging in collaborative efforts such as mergers and acquisitions, contracts and agreements, joint ventures, and partnerships for gaining a competitive edge in the market. Manufacturers such as Jain Irrigation Systems, Inc., Netafim Limited, Lindsay Corporation, and Valmont Industries are holding a prominent position in the market with their collaborative efforts.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/industry-reports/sprinkler-irrigation-systems-market-101611

The global pasta market sizewas 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.

Report Coverage

The report sheds light on quantitative and qualitative assessments to offer a holistic view of the global market. Further, a host of primary interviews has been conducted with opinion leaders, suppliers, and other stakeholders. Primary data has been collated through emails, telephonic conversations, and questionnaires. The secondary sources referred are press releases, SEC filings, and websites. The report highlights bottom-up and top-down approaches to provide a comprehensive view of product mapping.

COVID-19 Impact

Uptake of Pasta Consumption amidst Pandemic to be pronounced

Industry players witnessed a gradual spike in the product consumption following the tendency of stockpiling. Leading companies upped investment in streamlining food production and consumption across advanced and emerging economies. Meanwhile, factory closures and lockdown measures challenged the growth prospects.

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.

Source:

https://www.fortunebusinessinsights.com/pasta-market-102284