Latest news with #industrialmanufacturing
Zawya
2 days ago
- Business
- Zawya
South Africa: KITE 2025 addresses digitalisation of industrial manufacturing
Industrial manufacturing stands apart because of complex supply chains, innovation cycles, regulatory demands, and sustainability goals. It includes process and discrete industries, which differ in product types, operations, and digital maturity, but share a focus on asset-intensive automation using advanced, connected, software-defined systems. According to a research project undertaken by Gartner (Top Strategic Technology Trends Industrial Manufacturing), this results in three basic directions in industrial manufacturing CIO's strategies and visions: - Better transparency and predictability of external influencing factors, such as interrupted supply chains, inflation, and the lack of availability of engineers and other skilled workers, because investments in digital transparency are often long term. - Flexibility to respond to changing customer needs, while maintaining a high level of standardisation in products, assets and production processes. This leads to the need to change operating models on a cultural, organisational, and process level. - Reduction of carbon emissions, and using more green energy, and even producing it themselves to counteract their bad reputation of being high-energy consumers. As organisations come to terms with the adoption of digitalisation processes, it is important to align themselves with suppliers of industrial technology and services that understand their exact requirements. 'There is no one-size-fits-all approach with customers, and this is where a visit to KwaZulu-Natal Industrial Technology Exhibition (KITE) provides industry professionals with access to the best possible advice and solutions,' says Charlene Hefer, portfolio director at Specialised Exhibitions - a division of Montgomery Group. KITE, held at the Durban Exhibition Centre between 22 and 24 July 2025, is recognised as the leading platform for a diverse range of industrial technology products and services. With over four decades in the industry, the expo brings together the knowledgeable suppliers and the organisations actively seeking these solutions. By interacting with visitors, and offering live demonstrations of the current technology, exhibitors offer the market the opportunity to see products in action before they make a purchasing decision. KITE not only offers unrivalled opportunities for organisations to find the precise solutions for their applications, but furthermore provides them with the opportunity to learn about current industry trends and changes in regulations at the free-to-attend SAIMechE Seminar Theatre and the one-day LEEASA conference. 'If you are in the process of undergoing a digitalisation programme, a visit to KITE should be on your calendar for July 2025. Not only are the exhibitors eager to impart their experience and expertise to you, but you will also be able to network with your industry peers, allowing you to share important information that will ultimately assist in the sustainability of your operations.
Yahoo
2 days ago
- Business
- Yahoo
Bulk Ingredients Market to Surge from USD 364.47 Billion to USD 497.10 Billion by 2032 - Meticulous Research®
Rising Health Consciousness, Clean-Label Demand, and Industrial Food Manufacturing Growth Drive 4.5% CAGR Across Global Food and Beverage Sectors REDDING, Calif., June 24, 2025 /PRNewswire/ -- The bulk ingredients market is experiencing robust expansion, with market valuation projected to grow from USD 364.47 billion in 2025 to USD 497.10 billion by 2032, representing a CAGR of 4.5% during the 2025-2032 forecast period. The market was valued at USD 349.15 billion in 2024, according to the latest research report "Bulk Ingredients Market Size, Share, Forecast, & Trends Analysis by Product Type (Herbs & Spices, Nuts, Oilseeds, Sugar & Sweeteners, Edible Oil), Category (Secondary, Primary), Form (Solid, Liquid), Application (Food, Beverages) - Global Forecast to 2032", published by Meticulous Research®. This significant growth reflects the global food industry's fundamental shift toward natural, organic, and functional ingredients, driven by increasing consumer health consciousness and the rapid expansion of industrial food manufacturing worldwide. Access your FREE sample report: Health and Wellness Revolution Transforms Global Food Manufacturing The bulk ingredients market stands at the forefront of the global health and wellness revolution, driven by manufacturers' urgent need to meet evolving consumer demands for natural, organic, and clean-label products while maintaining cost efficiency and production scale. Industrial Food Manufacturing Expansion Fuels Market Growth The growth in industrial food manufacturing serves as a primary catalyst for bulk ingredients market expansion. The U.S. food manufacturing sector contributed approximately $203.5 billion to the GDP in 2023, which indicated growth in industrial food manufacturing. As production demands increase alongside technological advancements and globalization, manufacturers increasingly seek cost-effective bulk ingredient solutions to meet growing consumer appetite for diverse, high-quality food products. Consumer Shift Toward Natural and Organic Ingredients Creates Market Opportunities The rising consumer preference for natural and organic food products represents a transformative market force. In 2022 consumer shift to organic and natural foods drove the demand for organic food in Canada, where 23% of Canadians purchased more organic products compared to the previous year. This trend drives manufacturers to incorporate organic grains, oils, pulses, herbs, and spices into their product formulations, creating sustained demand for bulk organic ingredients. The growing health and wellness trend among consumers prompts food manufacturers to innovate their products by incorporating organic, natural, and plant-based ingredients. This consumer-driven transformation results in increased manufacturing of health-focused food products, driving bulk purchases of ingredients such as herbs and spices, whole grains, natural sweeteners, and nuts. Clean-Label Movement Drives Ingredient Innovation The rising adoption of clean-label products represents a prominent market trend as consumers increasingly scrutinize ingredient lists and demand transparency in food manufacturing. This movement compels manufacturers to source bulk ingredients that align with clean-label standards, emphasizing natural processing methods and minimal artificial additives. Product Diversification Drives Market Leadership Across Segments Herbs and Spices Segment Commands Market Dominance The herbs and spices segment emerges as the largest product category in the bulk ingredients market, driven by the growing popularity of diverse global cuisines and functional foods. This segment benefits from the expanding trend of homemade and natural cooking as consumers seek high-quality bulk ingredients for both culinary and health objectives. The versatility of herbs and spices extends beyond food applications, with increasing utilization in pharmaceuticals, cosmetics, and nutritional supplements contributing to their market dominance. The functional properties of these ingredients, including antioxidant, anti-inflammatory, and antimicrobial benefits, position them as essential components in health-focused product formulations. Secondary Processed Category Leads Market Share The secondary processed category dominates the bulk ingredients market, reflecting manufacturers' preference for value-added ingredients that offer enhanced functionality, extended shelf life, and improved handling characteristics. These processed ingredients provide manufacturing efficiency while maintaining nutritional integrity and flavor profiles. Solid Form Ingredients Maintain Market Leadership Solid form ingredients account for the largest market share, driven by their superior stability, extended shelf life, and cost-effective transportation and storage characteristics. The solid format's versatility across diverse applications, from baking and confectionery to snack foods and seasonings, ensures continued market dominance. Food Applications Drive Primary Market Demand Food applications represent the largest end-use segment, encompassing bakery products, confectionery, snack foods, ready-to-eat meals, and functional foods. The expanding global food processing industry, coupled with increasing consumer demand for convenient, nutritious, and flavorful food options, sustains robust demand for bulk ingredients across food manufacturing sectors. Explore customization options: Regional Dynamics Shape Global Market Evolution Asia-Pacific Establishes Market Leadership Asia-Pacific dominates the global bulk ingredients market and is projected to maintain the highest growth rate during the forecast period. The region's substantial market share stems from high demand for food and beverages with natural ingredients, growing preference for convenience foods, robust industrial growth, and significant investments in the food sector. The region's diverse array of indigenous ingredients, combined with increasing health awareness, technological advancements in the food sector, rapid urbanization, and the growing presence of local and multinational manufacturers, positions Asia-Pacific for continued market leadership. The rising demand for natural ingredients in various food products enables more food manufacturers to invest in bulk ingredient procurement. Developed Markets Drive Innovation and Premium Segments North America and Europe continue to lead innovation in bulk ingredients, focusing on organic, sustainable, and specialty ingredient categories. These regions demonstrate sophisticated demand for clean-label products, functional ingredients, and premium natural alternatives that command higher market values. Market Expansion Opportunities in Emerging Economies Latin America, the Middle East, and Africa present significant growth opportunities as these regions experience rapid urbanization, increasing disposable incomes, and growing awareness of health and wellness trends. The expansion of modern retail infrastructure and food processing capabilities in these markets creates new avenues for bulk ingredient suppliers. Technology Integration Unlocks Future Growth Potential Sustainable Sourcing and Supply Chain Optimization The bulk ingredients market increasingly emphasizes sustainable sourcing practices, traceability, and supply chain transparency. Manufacturers are investing in direct farmer relationships, sustainable agriculture practices, and blockchain technology to ensure ingredient quality, authenticity, and environmental responsibility. Functional Ingredient Innovation Research and development efforts focus on developing functional bulk ingredients that offer enhanced nutritional profiles, improved bioavailability, and targeted health benefits. These innovations include fortified grains, enhanced protein sources, and specialized ingredient blends designed for specific health applications. View complete market analysis: Key Players in Bulk Ingredients Market The bulk ingredients market features intense competition among established agricultural commodity companies, specialized ingredient suppliers, and emerging organic food producers. Leading players include Archer Daniels Midland Company (U.S.), Olam Group International (Singapore), Community Foods Limited (U.K.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), E.I. du Pont de Nemours and Company (U.S.), Cargill Incorporated (U.S.), Associated British Foods Plc (U.K.), Essex Food Ingredients (U.S.), McCormick & Company, Inc (U.S.), The Green Labs LLC (U.S.), Sweegen Inc (U.S.), Sudzucker AG (Germany), Wilmar International Ltd (Singapore), Grain Millers, Inc (U.S.), and GrainCorp Limited (Australia). Market Growth Drivers and Opportunities The primary drivers of bulk ingredients market growth include increasing demand for convenience foods, the rising number of eateries and cafes, growing working population, and changing consumer lifestyles. The developing global supply chain infrastructure and increasing demand for specialized ingredients further contribute to market expansion. The consumer shift toward natural and organic ingredients, combined with increasing preference for healthy and nutritional diets, creates significant growth opportunities for bulk ingredient suppliers. The expanding application scope beyond traditional food uses, including pharmaceuticals, cosmetics, and nutraceuticals, opens new revenue streams for market participants. Related Reports: Specialty Food Ingredients Market Size, Share, Forecast, & Trends Analysis Nut Ingredients Market Size, Share, Forecast, & Trends Analysis Pet Food Ingredients Market Size, Share, Forecast, & Trends Analysis Plant Extracts Market Size, Share, Forecast, & Trends Analysis About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence, strategic insights, and consulting services to serve clients across 11 major industries globally. Meticulous Research® offers comprehensive market research reports, custom research, and consulting services. Our research studies help clients make informed business decisions and understand emerging business trends and opportunities. The company's expertise spans across various domains, enabling it to provide accurate insights and strategic recommendations to its clients. Contact: Mr. Khushal BombeMeticulous Market Research Pvt. Ltd.1267 Willis St, Ste 200 Redding,California, 96001, +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email: sales@ Source: Logo: View original content: SOURCE Meticulous Market Research Pvt. Ltd.
Yahoo
3 days ago
- Business
- Yahoo
Worthington (WOR) Q2 Earnings: What To Expect
Diversified industrial manufacturing company Worthington (NYSE:WOR) will be reporting results this Tuesday after market hours. Here's what investors should know. Worthington beat analysts' revenue expectations by 6.7% last quarter, reporting revenues of $304.5 million, down 3.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Is Worthington a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Worthington's revenue to decline 5.6% year on year to $301.1 million, improving from the 13.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.84 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Worthington has missed Wall Street's revenue estimates six times over the last two years. With Worthington being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for industrial machinery stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Worthington is down 1.9% during the same time and is heading into earnings with an average analyst price target of $59.20 (compared to the current share price of $58.38). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
