IMARC Group

According to the latest report by IMARC Group “India Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India health insurance market size reached US$ 120.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 219.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.64% during 2023-2028.

Health insurance refers to a service that covers the medical and surgical expenses of the insured individual. It indemnifies the costs incurred, owing to illness and injury, or pays the care provider directly. Health insurance provides considerable flexibility regarding diagnosis, disease coverage, and treatment for emergency transportation, in-patient, and daycare management, chronic ailments, maternity, dental care, psychiatric care, etc. They are available in various consumer arrangements, such as public, private, government-managed care plans, indemnity, Point-of-Service (POS) plans, etc. Individuals can opt for the most suitable health insurance plan depending on their needs and requirements.

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Market Trends:

The launch of several policies by the government bodies to restructure the healthcare system by privatizing public hospitals and introducing personal medical schemes, on account of the high concerns toward the quality of care in general facilities and the increased healthcare costs, is among the primary factors driving the India health insurance market. Besides this, the rising geriatric population is propelling the need for medical programs or schemes offered at low premium rates, which is further augmenting the market growth. Moreover, the elevating requirement for health insurance to cover the growing medical expenses, owing to the increasing cases of obesity and diabetes in the country, is also catalyzing the market across India. Apart from this, various companies are providing cover for medical expenses incurred, on account of the sudden outbreak of the COVID-19 pandemic, which is acting as another significant growth-inducing factor. Furthermore, the development of healthcare programs by the policymakers that fit the exact necessity of the consumer is expected to bolster the India health insurance market in the coming years.

Breakup by Provider:

• Private Providers
• Public Providers

Breakup by Type:

• Life-Time Coverage
• Term Insurance

Breakup by Plan Type:

• Medical Insurance
• Critical Illness Insurance
• Family Floater Health Insurance
• Others

Breakup by Demographics:

• Minor
• Adults
• Senior Citizen

Breakup by Provider Type:

• Preferred Provider Organizations (PPOs)
• Point of Service (POS)
• Health Maintenance Organizations (HMOs)
• Exclusive Provider Organizations (EPOs)

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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According to the latest report by IMARC Group “India Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India cigarette market size reached US$ 21.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.94% during 2023-2028.

Cigarettes refer to cylindrical-shaped products that are made up of tobacco, chemical additives, and flavourings. They utilize finely cut and cured tobacco leaves that are further rolled in a thin paper. It is lit on one end while smoked from the other end, wherein the filter is present to help block large tar particles from entering the lungs of smokers. The nicotine and other chemicals present in them are considered to be harmful to human health as they can often lead to the development of numerous forms of cancer. They are widely available in the market in a vast array of sizes, shapes, intensities and flavors.

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Market Trends:

The market in India is majorly driven by a considerable increase in the number of smokers across the country. This is supported by the hectic schedules and long working hours of working professionals that have led them to adopt smoking to combat stress. Coupled with peer pressure and early exposure to smoking among young adults, this is providing an impetus to market growth. Moreover, numerous key players are continually introducing innovative product variants, such as slim cigarettes with attractive and aesthetically-pleasing packaging, in the market to diversify their product portfolio. They are also launching clove, chocolate and menthol-flavoured cigarettes with single and double capsules, which are gaining widespread prominence among smokers. Some of the other factors contributing to the market growth include changing lifestyle patterns of individuals, inflating consumer spending capacities, aggressive promotional activities by manufacturers and a significant increase in the number of women smokers across the country.

Breakup by Type:

• Light
• Medium
• Others

Breakup by Distribution Channel:

• Tobacco Shops
• Supermarket and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group
Email: sales@imarcgroup.com
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Address: 134 N 4th St. Brooklyn, NY 11249, USA
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According to the latest report by IMARC Group, “India Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India aquafeed market size reached 1.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.8 Million Tons by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.

Aquafeed represents specialized feed formulations that are given to aquatic farmed animals. They are prepared utilizing several ingredients, such as soybean, fish meal, corn, additives, fish oil, etc. Aquafeed products are rich in vitamins, amino acids, fatty acids, etc., that offer an extensive variety of growth-promoting, nutritional, and immune-resistant benefits to the farmed aquatic animals. Consequently, they are in widespread demand across India.

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Market Trends

The expanding health consciousness among individuals and the increasing awareness about the advantages of consuming aquafeed are primarily driving the India aquafeed market. Additionally, the elevating improvement in cold chain facilities that have allowed seafood sales to expand from local wet markets to organized retail channels is acting as another significant growth-inducing factor. Furthermore, the shifting preferences toward natural and organic feeds that have prompted manufacturers to incorporate high-quality raw materials which provide functional benefits and eliminate synthetic components are also positively influencing the market across the country. Apart from this, the escalating focus among leading market players on improving the stability of feed pellets, lowering fine proportion, and enhancing pellet density and extension is further stimulating the Indian market. Moreover, the rising requirement for commercially manufactured feed as compared to homemade products, owing to the improved bioavailability of numerous nutrients and reduced environmental pollution, the growing mass production of fish, and the launch of various favorable subsidies by the government bodies for fish and shrimp farmers aimed at promoting seafood production and farming activities are expected to propel the India aquafeed market over the forecasted period.

Breakup by Species:

• Carp Feeds
• Marine Shrimps
• Tilapias
• Catfishes
• Marine Fishes
• Salmons
• Freshwater (FW) Crustaceans
• Trouts
• Others

Breakup by Ingredients:

• Soybean
• Corn
• Fish Meal
• Fish Oil
• Additives
• Others

Breakup by Additives:

• Vitamins and Minerals
• Antioxidants
• Feed Enzymes
• Others

Breakup by Product Form:

• Pellets
• Extruded
• Powdered
• Liquid

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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According to the latest report by IMARC Group “India Animal Health Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India animal health market size reached INR 73.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 120.3 Billion by 2028, exhibiting a CAGR of 8.94% during 2023-2028.

Animal health involves regular tracking and providing adequate care to domesticated animals or livestock. It includes the development of feed additives, pharmaceuticals, veterinary drugs, pesticides, and biologics. Furthermore, animal health services also ensure a constant food supply and prevent various zoonotic diseases, such as feline leukemia, animal flu, tick infestation and Lyme disease, caused by viruses, parasites, and bacteria.

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The increasing prevalence of zoonotic ailments and a significant growth in the veterinary pharmaceutical industry are primarily driving the India animal health market. Furthermore, the rising integration of IoT with animal health monitoring solutions, along with the growing usage of mobile sensors and wearables to monitor animal behavior and health, are providing a thrust to the market. Additionally, the increasing adoption of feed additives, which helps in improving the overall animal health while enhancing the quality of products, including milk, eggs, and meat, is further catalyzing market growth. Moreover, the Government of India is undertaking extensive R&D activities in the field of animal health to create awareness for disease control and provide effective treatments. All the factors mentioned above will continue to propel the India animal health market over the forecasted period.

Market Breakup by Animal Type

• Commercial
• Companion

Market Breakup by Product Type

• Anti-Bacterial/Antibiotic
• Anti-Chronic Respiratory
• Anticoccidials
• Dewormers/Antihelmintics
• Disinfectants
• Enzymes
• Fly-Binder/Control
• Growth Promoters
• Gut Health (also includes probiotics, prebiotics)
• Liver Tonics
• Nutritional Supplements
• Toxin Binders / Immunomodulators / Mold inhibitors
• Vaccines
• Vitamins/ Minerals/ Amino Acids
• Diagnostics

Market Breakup by Distribution Channel

• Veterinary Hospitals
• Veterinary Clinics
• Pharmacies and Drug Stores
• Others

Market Breakup by Region

• Uttar Pradesh
• Rajasthan
• Madhya Pradesh
• Bihar
• Andhra Pradesh
• Gujarat
• Others

Competitive Landscape

• Bayer CropScience Limited
• Boehringer Ingelheim Animal Health
• Cargill India Pvt. Ltd.
• Merck
• Ceva Sante Animale
• Elanco India Private Limited
• Virbac Animal Health India Pvt Ltd.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group

Email: sales@imarcgroup.com

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According to the latest report by IMARC Group “Functional Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global functional fluids market size reached US$ 41.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 56.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.07% during 2022-2027.

Functional fluid refers to lubricants used to insulate and lubricate mechanical devices, such as compressors, engines, turbines, refrigeration systems, and hydraulic and braking systems. It includes engine oils, metalworking, heat transfer, transmission, and hydraulic fluids. It exhibits properties, such as low compressibility ratio, high viscosity index, thermal and hydraulic stability, high boiling and low freezing point, corrosion prevention, and high oxidation resistance. It helps protect equipment by minimizing wear and tear of components due to friction, enhancing temperature control, reducing downtime and cost, efficiency and reliability, and promoting smoother operation and longer shelf life. As a result, functional fluids find extensive applications across automotive, aerospace, metals and mining, transportation, and construction industries.

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Market Trends:

The escalating demand for high-performance products in the construction and automotive industries represents one of the key factors positively influencing the market. In line with this, the widespread adoption of functional fluids in the chemical, solar, and transportation industries on account of their non-corrosive and long-lasting properties is creating a positive outlook for the market. Furthermore, the globally increasing environmental concerns associated with petroleum-based products in industries, including farming, forestry, mining and boating, are resulting in the rising adoption of environment-friendly products, which, in turn, is compelling manufacturers to invest in the industry. Apart from this, the growing use of bio-based oils formulated with vegetable oils for superior solubilizing power is contributing to the market growth. Apart from this, the surging demand for high-processing process oils in the industrial metal fabrication sector is augmenting the market growth.

The increasing adoption of these fluids for manufacturing paper, packaging, printing, and rapid industrialization across the globe is also catering favorable opportunities to industry investors. In addition, the rising consumer awareness about high-performance functional fluids as an alternative to conventional mineral oil lubricants is adding to the market expansion. The use of functional fluids helps maintain the  overall functionality of machines by providing high-temperature stability, high viscosity index, low pouring points, and low traction coefficient. In addition, the exponential rise of passenger and commercial vehicles worldwide is increasing the sales of lubricants, which is propelling the market growth. Furthermore, original equipment manufacturers (OEMs)are emphasizing on greener alternatives due to rising environmental concerns, which is enabling key players to expand their market reach and consumer base. Moreover, technological advancements are resulting in the efficient production, expanding product portfolio, andeffective operational maintenance,which is projected to offer a favorable market outlook.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• BASF SE (BASFY)
• BP plc (BP)
• Chevron Corporation (CVX)
• Croda International Plc
• Exxon Mobil Corporation
• Fuchs Petrolub AG
• Huntsman International LLC (Indorama Ventures Public Co. Ltd.)
• Idemitsu Kosan Co. Ltd.
• Petroliam Nasional Berhad (PETRONAS)
• Royal Dutch Shell Plc
• The Dow Chemical Company etc.

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Type:

• Process Oil
• Hydraulic and Transmission Fluid
• Metalworking Fluid
• Heat Transfer Fluid
• Coating Fluid
• Bio-based Hydraulic Fluid
• Others

Breakup by Application:

• Automotive
• Metals and Mining
• Construction
• Transportation
• Industrial Machinery
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

According to IMARC Group’s latest report, titled “Smart Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global smart packaging market size reached US$ 33.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Smart packaging is improved packaging integrated with various technologies, such as biosensors and radio frequency identification (RFID). It comprises active and intelligent packaging used in the packaging of perishable goods, such as food, drinks, pharmaceuticals, and cosmetics. It assists in monitoring freshness, extending shelf life, and displaying essential information about the quality of the product. In addition, it confirms the authenticity of products and reduces the incidence of counter thefts. Apart from this, it helps brands increase sales by maintaining consumer convenience and supply chain transparency across the globe.

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Market Trends:

The rising demand for sustainability, better quality, and transparency from brands around the world represents one of the key factors driving the market. Besides this, the increasing demand for temperature-controlled packaging in pharmaceutical and food and beverage (F&B) industries to transport temperature-sensitive products is propelling the growth of the market. In addition, smart packaging offers several benefits, such as reduced counterfeiting, enhanced safety, and cost-effectiveness, which is contributing to the growth of the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce innovative features in smart packaging, such as self-cooling and antibacterial packaging, which is expected to bolster the growth of the market.

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List of Key Companies Covered in this Market Report:

• Amcor plc
• American Thermal Instruments
• Avery Dennison Corporation
• Berry Global Inc.
• Crown Holdings Inc
• Dupont De Nemours Inc.
• Linde plc
• Multisorb Technologies Inc. (Filtration Group Corporation)
• Point Five Packaging LLC
• R.R. Donnelley & Sons Company
• Sealed Air Corporation
• WestRock Company
• Zebra Technologies Corporation.

The report has segmented the market on the basis of technology, industry vertical and geography.

Breakup by Technology:

• Modified Atmosphere Packaging
• Active Packaging
  • Antimicrobial
  • Gas Scavengers
  • Moisture Control
  • Corrosion Control
• Intelligent Packaging
  • Indicators
  • Tracking Devices

Breakup by Industry Vertical:

• Food and Beverages
• Automotive
• Healthcare
• Personal care
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to IMARC Group’s latest report, titled “Lead Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global lead acid battery market size reached US$ 33 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Lead acid batteries are rechargeable batteries that use sponge lead and lead peroxide to convert chemical energy into electrical energy. They comprise negative electrodes attached to a grid of metallic lead and positive electrodes of lead oxides of various compositions. They also contain doping agents, such as selenium, cadmium, and arsenic, to lower the concentrations of impurities. They are maintained by applying a saturated charge for some hours to retain the lead acid properly. They are easy to manufacture, capable of high discharge rates, and highly reliable. They provide stable power backup to electronic devices and are cost-efficient and easily available. Lead acid batteries can efficiently function in both high and low temperatures by retaining their charge. They provide starting, lighting, and ignition (SLI) power sources to electric vehicles (EVs), motorcycles, and micro-hybrid cars. They are also used to offer continuous power supply in golf carts and wheelchairs. Lead acid batteries assist in providing power backups to cellular repeater towers, internet hubs, and various marine vessels. As lead acid batteries are highly durable, they are widely utilized in hospitality, healthcare, data center, telecommunications, oil and gas, mining, chemical, pharmaceutical, and food and beverage (F&B) industries.

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Market Trends

The growing adoption of enhanced connectivity systems to increase functionality, reliability, and safety of devices, along with the burgeoning telecommunications industry, represents one of the key factors driving the market. Besides this, there is a rise in the utilization of battery-operated cars and electric bikes worldwide as they are durable, energy-efficient, and eco-friendly. This, coupled with the rising environmental awareness among the masses, is propelling the growth of the market. In addition, the increasing demand for lead acid batteries in railways for lighting and air-conditioning the coaches is contributing to the growth of the market. Apart from this, the growing number of data centers to overcome data complexities, along with the increasing need for uninterruptible power supply (UPS) systems in data centers around the world, is offering a favorable market outlook. Additionally, the rising demand for lead acid batteries for running diesel-electric and nuclear submarines and marine vessels is positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce enhanced quality lead acid batteries with increased charging capacity. They are also focusing on mergers and acquisitions (M&A) to build new production plants and boost their product sales, which is expected to bolster the growth of the market.

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List of Key Companies Covered in this Market Report:

• C&D Technologies Inc.
• Clarios International Inc.
• East Penn Manufacturing Co.
• EnerSys (NYSE: ENS)
• Exide Industries Limited (NSE: EXIDEIND)
• GS Yuasa Corporation (TYO: 6674)
• HBL Power Systems Limited
• HOPPECKE Batterien GmbH & Co. KG
• Leoch International Technology Limited
• Panasonic Holdings Corporation
• Teledyne Technologies Incorporated

The report has segmented the market on the basis of product, construction method, sales channel, application and geography.

Breakup by Product:

• SLI
• Stationary
• Motive

Breakup by Construction Method:

• Flooded
• Valve Regulated Sealed Lead–acid Battery (VRLA)

Breakup by Sales Channel:

• OEM
• Aftermarket

Breakup by Application:

• Automotive
• UPS
• Telecom
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to IMARC Group’s latest report, titled “Retort Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global retort packaging market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Retort packaging refers to sealing cooked or semi-cooked food materials into flexible and sterilized plastic pouches to keep them fresh for an extended time period without preservatives. It comprises multiple steps, such as heat sterilizing the cooked food to free it from contaminants and kill microorganisms, pouring it into retort pouches, and placing the bags in an autoclave to steam sterilize for retaining the flavor of the food. It is compact, easy to handle, and reduces the requirement for excessive storage space and logistic costs. It is manufactured from polyester, aluminum foil, nylon, and polypropylene cover laminated together with thermostable adhesives to protect the inner contents from light, odors, and abrasion. It is leakproof, can withstand temperature changes, and requires minimum energy for production. Retort packaging is durable and environment-friendly and maintains the flavor, texture, and aroma of the food. It also prevents fungal and bacterial growth and restricts any enzyme action in the packaged food. It does not corrode externally and preserves the pH of the contents. It heats the packed food and enables effective branding with rotogravure printing. As a result, it is widely utilized in the food and beverage (F&B) and defense industries across the globe.

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Market Trends

The growing demand for retort packaging in the food industry due to the rising demand for ready-to-eat (RTE) food products among the masses around the world represents one of the key factors driving the market. Besides this, the increasing consumption of processed and convenient foods, such as instant noodles, soups, burritos, and bagels, among working individuals to save time in preparation and cleaning is propelling the growth of the market. In addition, the rising utilization of retort packaging for wet pet foods to retain their quality, flavor, and texture for an extended period of time is contributing to the growth of the market. Apart from this, the growing number of food supply channels selling seasonal foods all around the year worldwide is positively influencing the market.  Additionally, the rising utilization of eco-friendly and food-safe packaging in the food and beverage (F&B) industry due to the increasing environmental awareness and health consciousness among the masses is strengthening the growth of the market. Furthermore, key players operating in the industry are investing in research and development (R&D) activities to enhance the quality and sustainability of retort packaging and expand their product portfolio, which is bolstering the growth of the market.

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List of Key Companies Covered in this Market Report:

• Amcor plc (NYSE: AMCR)
• Clifton Packaging Group Limited
• Constantia Flexibles
• Coveris
• DNP America LLC (Dai Nippon Printing Co. Ltd.)
• FLAIR Flexible Packaging Corporation
• Huhtamäki Oyj (HEL: HUH1V)
• Mondi plc (LON: MNDI)
• Otsuka Holdings Co. Ltd. (TYO: 4578)
• ProAmpac
• Sealed Air Corporation
• Sonoco Products Company (NYSE: SON)
• Tetra Pak (Tetra Laval Group)

Breakup by Packaging Type:

• Pouches
• Cartons
• Trays
• Others

Breakup by Material Type:

• Polypropylene
• Polyester
• Aluminum Foil
• Paper Board
• Nylon
• Food Grade Cast Polypropylene
• Others

Breakup by End User:

• Food
• Beverages
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to IMARC Group’s latest report, titled “Non-Alcoholic Beverage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global non-alcoholic beverage market size reached US$ 882 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,443 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Non-alcoholic beverage refers to a non-intoxicating beverage that contains a very less amount of alcohol. It encompasses a wide range of refreshment beverages, including energy drinks, soft drinks, tea, coffee, juice, squash, hot chocolate, bottled water, and probiotics. It promotes post-exercise recovery, improves cardiovascular health, stimulates breast milk production, reduces risks of osteoporosis, promotes better sleep, reduces anxiety and stress, and improves metabolism. Additionally, it contains fewer calories as compared to alcoholic drinks, which assists in promoting weight management and melting abdominal fat. As a result, it is extensively used in the food and beverage (F&B) industry across the globe.

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Market Trends

At present, rising standards of living and the growing consumer awareness about maintaining health and wellness represent one of the key factors positively influencing the market. Hectic work schedules and sedentary lifestyles are increasing the consumption of ready-to-drink (RTD) beverages, which, in turn, is propelling the market growth. In addition, changing food consumption patterns of individuals, along with escalating demand for processed food products across the globe, are driving the market. Along with this, the expansion of the retail sector is making it convenient for consumers to choose from numerous non-alcoholic beverages available in the market. The increasing prevalence of diseases and incorporation of health enhancement formulations in the product is also positively influencing the market.

Moreover, increasing consumer awareness about the adverse effect of alcohol consumption on their health is encouraging key market players to introduce more non-alcoholic variants. Apart from this, these beverages assist in rehydrating the body, enhancing digestive functioning, improving cognitive abilities, and promoting better health, which is catalyzing their demand. In addition, the rising focus of market players on marketing strategies, such as celebrity endorsement, is supporting market growth. Besides this, governments of various countries are organizing awareness programs to minimize alcohol intake, which is offering lucrative growth opportunities to manufacturers. Moreover, the introduction of multiple product variants with similar colors, textures, and tastes to alcoholic beverages is impelling the market growth. Non-alcoholic beverages contain vitamin C, B6, folates, carbohydrates, calcium, and magnesium, which improve bone health and PMS symptoms and prevent migraine attacks. This is encouraging consumers to replace sugar-sweetened beverages (SSB) with non-alcoholic beverages and, in turn, driving their demand. Additionally, the introduction of natural ingredient-based non-alcoholic drinks due to the growing concerns for synthetic flavors, artificial colors, and chemical preservatives is offering lucrative opportunities to the manufacturers to introduce bio-based product variants and increase their existing sales.

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List of Key Companies Covered in this Market Report:

• Arizona Beverage Company
• Asahi Group Holdings Ltd. (TYO: 2502)
• Danone S.A. (OTCMKTS: DANOY)
• Keurig Dr Pepper Inc. (NASDAQ: KDP)
• Nestlé S.A. (OTCMKTS: NSRGY)
• Parle Agro Pvt. Ltd.
• PepsiCo Inc. (NASDAQ: PEP)
• Primo Water Corporation (NYSE: PRMW)
• Red Bull GmbH
• Suja Life LLC
• Suntory Beverage & Food Limited (OTCMKTS: STBFY)
• The Coca-Cola Company. (NYSE: KO)

The report has segmented the market on the basis of product type, packaging type, distribution channel and geography.

Breakup by Product Type:

• Carbonated Soft Drinks
• Juices
• Bottled Water
• Sports and Energy Drinks
• RTD Tea and Coffee
• Others

Breakup by Packaging Type:

• Bottles
• Cans
• Cartons
• Others

Breakup by Distribution Channel:

• Retail
• Food Service
• Supermarkets and Hypermarkets
• Online Stores
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to IMARC Group’s latest report, titled “Protein Bar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global protein bar market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.47% during 2023-2028.

A protein bar is a nutrition bar prepared from dates, dried fruit, nuts, seeds, and whole grains like oats and quinoa. It is consumed as a portable meal replacement by individuals preferring a healthy diet. It has essential nutrients, such as carbohydrates, fats, minerals, vitamins, and protein. It consequently aids in promoting weight management, boosting energy, strengthening bones and muscles, minimizing blood sugar levels, and maintaining a balanced diet. It is readily available through online and offline retail platforms. At present, the emerging trend of the gym and rising adoption of a protein-based diet is catalyzing the demand for protein bars across the globe.

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Market Trends

At present, factors like rapid urbanization, expanding purchasing power, and the increasing inclination of individuals towards a healthy and nutritious diet are among the major factors positively influencing the demand for protein bars around the world. In addition, there is a shift in consumer preference for convenient snacking options like protein bars on account of busy lifestyles, which is contributing to the market growth. Moreover, the growing health consciousness among individuals and the increasing awareness among the masses about the benefits of consuming protein bars is driving the market. The rising prevalence of obesity and other lifestyle diseases is also favoring the market growth. Along with this, the increasing focus of people on their physical appearance is catalyzing the demand for meal supplements like protein bars to maintain a desirable body shape and size. In addition, the rising need for clean label products and avoiding allergens is increasing the demand for plant-based protein bars. Apart from this, the rising participation of individuals in recreational sports, fitness, and athletic activities is creating a positive outlook for the market. The emerging popularity of protein bars among sports athletes, bodybuilders, and sportspeople for replacing their meals is also propelling the growth of the market. Furthermore, product manufacturers are investing in advertising campaigns, such as celebrity and influencer endorsements, for improving their existing sales and profitability. They are also introducing gluten-free and organic product variants in multiple flavors like chili chocolate, chocolate almond,  peanut, blueberry, orange and herbal to expand their product portfolio. This is providing lucrative growth opportunities to leading players operating in the industry. Besides this, the increasing trend of gifting unique premium items in innovative wrappers and labels is anticipated to provide a thrust to the growth of the market in the coming years.

Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=6051&flag=C

List of Key Companies Covered in this Market Report:

• Amway Corp.
• Caveman Foods LLC
• Clif Bar & Company (Mondelez International Inc.)
• General Mills Inc.
• Hormel Foods Corporation
• Kellogg Company
• Mars Incorporated
• Nestlé S.A.
• NuGo Nutrition
• Orgain Inc.
• Premier Nutrition Company LLC (BellRing Brands Inc.)
• The Simply Good Foods Company.

The report has segmented the market on the basis of source, type, distribution channel and region.

Breakup by Source:

• Plant-Based
• Animal-Based

Breakup by Type:

• Sports Nutrition Bar
• Meal Replacement Bar
• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

Breakup by Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group