Market Research Blog – Page 1019 – New Product Development

Lecithin Market Industry Dynamics, Key Applications, and Growth Opportunities 2033

According to Future Market Insights (FMI), by the end of 2023, value of the lecithin market is projected to reach US$ 1,682.4 million. A significant CAGR of 7.0% is anticipated between 2023 and 2033. It is expected to positively impact the market in 2033, with a valuation of US$ 3,118.5 million.

Two dominant drivers of the global market are growing demand for green & naturally derived ingredients and increasing awareness about a healthy lifestyle.

The lecithin industry is further pushed by rising consumption of convenience foods and functional foods & beverages. Sales are also set to be propelled by rising demand for organic food products.

With consumers looking for food options promoting weight loss and addressing calorie concerns, the lecithin industry is expected to gain considerable impetus in developed countries.

Functional and natural ingredients in food & beverage products offer a nutritional dimension that helps maintain a balanced lifestyle. It is anticipated to augment lecithin demand in the next ten years.

Lecithin is used in numerous food products such as confectionery, chocolate, dairy products, and salad dressing. It is found in ready-to-eat food items owing to its ability to act as an emulsification agent.

Emulsifier agents aid in binding oil & water together and keep fat separate. Lecithin is hence used in various creamy foods which have high oil content. For example, it keeps a chocolate bar held together by retaining the cocoa butter and cocoa solids attached to each other.

Lecithin is also used to add moisture, preserve foods, and provide products with a long shelf life. Versatile use of lecithin in the food industry is anticipated to accelerate its demand by 2033.

“Customers from several industries are increasingly demanding lecithin made from natural sources as they become more aware of numerous uses for the substance. Given the abundance of available raw materials, firms are concentrating on exploiting a variety of resources to diversify their product lines.” – Says a lead analyst at Future Market Insights (FMI)

Key Takeaways from the Lecithin Market Report:

The global demand for lecithin expanded at a CAGR of 5.6% in the historical period from 2018 to 2022.
The United States lecithin industry is estimated to cross a valuation of US$ 795.0 million by 2033.
India lecithin industry is anticipated to showcase a CAGR of 10.2% in the next ten years.
The unrefined lecithin segment by product type is likely to reach a valuation of US$ 1,843.3 million in 2033.
By form, the powder segment is expected to surpass a market valuation of US$ 2,221.5 million in 2033.

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Competitive Landscape

Marketing & branding efforts are important strategies for lecithin manufacturers to differentiate their products from competitors and create a strong brand identity. It could involve promoting the health benefits of lecithin, highlighting its role as a natural ingredient, or targeting specific customer segments with tailored messaging.

Manufacturers might also focus on expanding their product lines or entering new markets to drive growth. It could involve developing new lecithin-based products such as functional foods or supplements, or entering niche geographic markets where there is high demand for lecithin.

For instance,

AAK began offering Akolec in February 2021, which is a range of plant-based lecithin emulsifiers produced from soybean and sunflower oils. These emulsifiers are designed to improve the processing, functionality, and nutritional value of various food & beverage products such as baked goods, confectionery items, and sweetened drinks.

Lecithin Market Outlook by Category

By Product Type:

Refined Lecithin
Chemically Modified Lecithin
Unrefined Lecithin
Soybean Lecithin
Sunflower Lecithin
Rapeseed Lecithin
Others (Corn Lecithin)

By Nature:

Genetically Modified (GMO)
Non-GMO

By Form:

Powder
Granules
Liquid

By Function:

Emulsifier
Dispersing Agent
Surfactants
Others

By Application:

Bakery & Confectionery
Infant & Dietetic Food Products
Dairy Products
Meat & Poultry Items
Other Processed Foods
Instant Foods
Dietary Supplements & Pharmaceuticals
Animal Feed
Cosmetics

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
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Whole Grain Salty Snacks Market Health Trends and Market Forecast 2033

According to Future Market Insights (FMI), the whole grain salty snacks market value is is witnessing substantial growth, with an expected valuation of US$ 82,539.4 million by 2033, fueled by an impressive CAGR of 8.5% from 2023. Whole grain snacks are gaining popularity due to growing consumer demand for nutritional snacking experiences and changing trends towards plant-based foods. The market is characterized by the introduction of new products, including organic options, and a focus on health and convenience.

The demand for whole grain salty snacks is driven by several factors. Growing consumer interest in healthier snacking options, coupled with increased awareness of the health benefits of whole grains, is fueling market growth. Moreover, changing lifestyles and busy schedules are driving the demand for convenient and on-the-go snack options, further boosting the market. Additionally, rising health consciousness among consumers, particularly in urban areas, is contributing to the surge in demand for whole grain snacks.

“Rising consumer awareness regarding nutrition-rich snacks has pushed demand for whole grain foods, especially whole grain salty snacks. Manufacturers are likely to find sizeable growth opportunities in the market by focusing on catering to evolving preferences. For example, targeted nutrition, flavors or mix varieties can help bolster sales.” – says a lead analyst at Future Market Insights (FMI)

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Several factors are contributing to the growth of the global whole grain salty snacks market. Firstly, the increasing consumer demand for nutritional snacking experiences is driving market growth. Changing snacking trends towards plant-based foods and the introduction of new whole grain salty snack varieties are creating lucrative growth opportunities for manufacturers. Moreover, the rising popularity of organic and clean label products is boosting market demand. Additionally, the nutritional benefits of whole grain products, including higher fiber content and essential nutrients, are driving consumer preference for whole grain snacks.

Top Trends Shaping the Industry:

Consumer Preference for Healthy Foods: Growing consumer interest in healthier snacking options is driving demand for whole grain salty snacks.
Introduction of New Products: Manufacturers are introducing new whole grain salty snack varieties to cater to changing consumer preferences and dietary trends.
Focus on Health and Convenience: Whole grain salty snack manufacturers are focusing on developing convenient and on-the-go products to meet the needs of busy consumers.
Rising Health Consciousness: Increasing health consciousness among consumers, particularly in urban areas, is driving the demand for whole grain snacks.
Emphasis on Clean Label Products: The popularity of organic and clean label products is boosting market demand for whole grain salty snacks.

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Key Takeaways from the Global Whole Grain Salty Snacks Report:

The global whole grain salty snacks market is expected to reach a market valuation of US$ 82539.4 million by 2033.
Global sales of whole grain salty snacks are likely to soar at 8.5% CAGR during the forecast period.
By product type, breakfast cereals segment is projected to reach a valuation of US$ 21,711.5 million by 2033.
Based on source, wheat segment is forecast to expand at 7.7% CAGR through 2033.
The United States market is projected to attain a market valuation of US$ 15,975.3 million by 2033.
China whole grain salty snacks market is expected to reach a valuation of US$ 7,161.9 million by 2033.
Whole grain salty snacks demand in India is estimated to rise at 5.9% CAGR during the prediction period.

Key Categories Driving Market Growth:

Global Whole Grain Salty Snacks Market: With a CAGR of 8.5%, the whole grain salty snacks market is projected to reach US$ 82,539.4 million by 2033, driven by growing consumer demand for nutritional snacking experiences.
Cereal Bars Market: The cereal bars market is expected to grow at a CAGR of 5.6%, driven by increasing demand for healthier snack options and new product innovations.
Breakfast Cereal Market: With a CAGR of 4.4%, the breakfast cereal market is poised to reach US$ 65.1 billion by 2032, fueled by growing demand for convenient and ready-to-eat breakfast options.

Who is Winning?

Key whole grain salty snack manufacturers profiled in the report include General Mills, Inc., Nestlé SA, The Hain Celestial Group, Inc., Mondelez International, Inc., Kellogg Co., Bob’s Red Mill Natural Foods Inc, The Quaker Oats Co. (PepsiCo), Kind LLC, Insane Grain, Eat Real Ltd + PROPER Snacks (Warp Snacks Limited), and Intersnack Group GmbH & Co. KG.

These players are constantly launching new high-nutritional products into the market to increase their sales. They are also adopting strategies such as partnerships, distribution agreements, collaborations, mergers, and acquisitions to solidify their positions. For instance,

In January 2021, a line of vegan kids’ snacks called W.K. Kellogg by Kids Bars was introduced by Kellogg’s in the United Kingdom.

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Whole Grain Salty Snacks Market by Category

By Product Type:

Pasta
Bread
- Whole Wheat
- Whole Barely
- Brown Rice
- Whole Grains Oats
Biscuits
Bars
Crackers
Chips, Crisps & Pretzels
Breakfast Cereals
Puffs

By Product Claim:

Fat-Free
Gluten-Free
Low Sugar
Low Sodium
Others

By Source:

Corn
Wheat
Rice
Oats
Rye
Barely
Quinoa
Sorghum
Buckwheat
Others

By Distribution Channel:

B2B

Quick Service Restaurants
- Sandwicheries
- Fast Casual
- Coffee Shops
HORECA
Bakeries & Patisseries

B2C
- Store-based Retailing
- Convenience Store
- Hypermarkets/Supermarkets
- Specialty Stores
- Discounters
- Small Grocers

By Region:

North America
Europe
Latin America
South Asia
East Asia
Oceania
Middle East & Africa

About Future Market Insights (FMI)

Surimi Market Global Demand, Innovations, and Future Opportunities 2033

The global surimi market value is on a significant growth trajectory, with projections indicating it will reach a valuation of USD 6,548.3 million by 2033, expanding at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2033. Surimi, a versatile and cost-effective seafood alternative, is gaining popularity worldwide, driven by increasing demand for seafood products and the need for affordable alternatives to traditional seafood.

Key Market Drivers and Trends:

Rising Demand for Seafood and Cost-Effective Alternatives: The global appetite for seafood is growing, and surimi’s role as an affordable alternative is crucial. Made from minced fish or other seafood, surimi can be used in various dishes, from sushi to imitation crab, making it an attractive option for consumers and food service providers.
Health and Nutritional Benefits: Surimi products are low in fat and high in protein, aligning with the increasing consumer preference for healthy, protein-rich food options. This health-conscious shift is significantly boosting the consumption of surimi-based products.
Sustainability and Environmental Considerations: Surimi production helps utilize fishery bycatch, contributing to pollution control and water conservation. As consumers become more environmentally conscious, sustainable surimi manufacturing practices are gaining traction.
Innovations and Advancements: Ongoing advancements in washing processes and chemical processing methods enhance surimi production’s efficiency and quality. Extracting protein from underutilized fish species also supports market growth.

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Regional Insights:

As the leading market in the Asia Pacific region, China is expected to contribute a value share of 58% by 2033. The country’s health-conscious population favors low-fat, high-protein surimi, making it a popular choice for quick and healthy meals.
The U.S. market is set to expand at a CAGR of 9.1%, reaching a valuation of USD 568.2 million by 2033. The long shelf-life of frozen surimi products and the rising popularity of Asian cuisine are driving surimi sales in the country.
With a projected CAGR of 7.2%, India offers lucrative opportunities for surimi manufacturers. The increasing demand for convenient and affordable surimi products, such as crab sticks and fish sticks, is fueling market growth.

Competitive Landscape:

Leading companies in the surimi market are implementing strategic mergers and acquisitions, along with launching new products to meet changing consumer trends and enhance product quality. Notable developments include:

Santa Bremor relocating its surimi sticks production to the Russian Sea plant in Noginsk.
Mondi providing recyclable paper packaging to Angulas Aguinaga for its Krissia brand surimi sticks, reducing plastic usage.
Maruha Nichiro introducing a new line of surimi-based products, Crab Tsumami, combining real crab meat and surimi paste.

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Market Segmentation:

By Species:
1. Fish Surimi (84.55% market share in 2023)
2. Meat Surimi
By Form:
1. Fresh
2. Processed (Canned, Frozen)
By Sales Channel:
1. Direct Sales
2. Indirect Sales (Modern Trade, Convenience Stores, Specialty Food Stores, Wholesale Stores, Discount Stores, Online Retail)
By Application:
1. Food Industry
2. Pharmaceutical Industry
3. Animal Feed
4. Pet Food
5. Food Service
6. Retail

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Tube Feeding Formula Market Industry Insights, Demand Trends, and Growth Forecast 2033

According to Future Market Insights (FMI), the global tube feeding formula market size is set to be valued at US$ 5,245.8 million in 2023. It is anticipated to reach US$ 10,211.7 million by 2033. The market is expected to surge at a CAGR of 6.9% from 2023 to 2033.

Emerging economies in Asia Pacific such as India, China, Thailand, and Malaysia hold enormous promise in the industry. Medical nutrition companies have the opportunity to generate significant revenues in such countries with large populations of patients and a high incidence of chronic diseases.

Growing burden of cancer in developing areas of the Asia Pacific region such as India and China was highlighted by the International Network for Cancer Treatment and Research. This is a key example of the scope of the applicability of tube feeding formulas.

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Increased demand for tube feeding formulas is expected over the forecast period. This is primarily due to rising prevalence of cancer, neurological disorders, and gastrointestinal diseases related to food contamination and other issues. These formulas are essential for providing sufficient nutrition and hydration to patients suffering from these conditions.

According to the World Health Organization (WHO), cancer was responsible for around 10 million deaths worldwide in 2020. About 30% of cancer cases in low and lower-middle-income countries were caused by infections such as hepatitis and human papillomavirus (HPV). This further drives demands for nutritional drugs in the market.

In recent times, it has been difficult to get approval for human health related products. More provisions have been added by regulatory bodies to approve certain products.

It also takes a longer time for regulatory bodies to approve such products with the introduction of lengthy testing processes. It has led to only a few leading players operating in the market for medical nutrition.

Due to slow rate of approvals, new entrants have a higher risk in the market. With growing investments, key manufacturers are developing novel nutritional drugs. Research & development initiatives from market leaders are fostering unprecedented growth in this sector.

Leading companies are working to produce advanced or standard nutritional products. These aim to fulfil patients’ nutritional requirements under various clinical conditions in a healthy and adequate way.

Key Takeaways from the Tube Feeding Formula Market Report:

India tube feeding formula industry is estimated to witness a CAGR of 8% during the assessment period.
The global tube feeding formula industry exhibited growth at a moderate CAGR of 3% from 2018 to 2022.
China tube feeding formula industry is projected to exhibit decent growth at a CAGR of 8% from 2023 to 2033.
Based on product type, the elemental formulas segment is set to reach a valuation of US$ 1,396.5 million in 2023.
By distribution channel, the prescription-based segment is expected to flourish at 7% CAGR from 2023 to 2033.

“Through 2033, there will be a rising patient and healthcare provider awareness of numerous advantages of enteral feeding. It is anticipated that this kind of nutritional supplementation will be used more frequently. Manufacturers are likely to find significant growth opportunities by analyzing different demographics that are in need of tube feeding solutions, and the reason behind such requirements.” – Says a lead analyst.

Competitive Landscape

Leading tube feeding formula manufacturers are engaging in product development & innovation to meet changing needs of consumers and deliver unique product offerings. They are also focusing on geographic expansion to tap into new markets and leverage growth opportunities.

A few new entrants are diversifying their product offerings to cater to different patient populations and address various medical conditions. They are also undertaking marketing and promotional activities to raise awareness about their products and services among healthcare professionals & end users.

For instance,

In September 2021, Abbott Nutrition introduced its first plant-based, tube feeding formula, called Ensure Plant-based Protein. It is made from pea protein, and is designed for people who require a vegan or vegetarian option.

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Get More Valuable Insights into Tube Feeding Formula Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global tube feeding formula industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the global tube feeding formula market based on product type (standard formulas, elemental formulas, blenderized formulas with real food ingredients, peptide formulas, specialized formulas), form (semi solid, liquids, powder), primary condition (general well-being, condition specific), end user (adult, geriatric, pediatric), distribution channel (prescription-based, over-the-counter), and region.

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Oral Clinical Nutritional Cream and Pudding Market Innovations, Demand, and Key Applications 2033

As per Future Market Insights (FMI), the global oral clinical nutritional cream and pudding market size is estimated to reach US$ 655.7 million in 2023. Over the next ten years (2023 to 2033), global demand for oral clinical nutritional cream and pudding is expected to rise at 7% CAGR. Total market size at the end of 2033 is projected to reach US$ 1,294.1 million.

Increasing demand for specialized nutrition products will play a key role in boosting the global oral clinical nutritional cream and pudding market.

Rising impact of pollution and other contaminants in our everyday lives has seen a rise in prevalence of chronic diseases. This has led to a growing need for specialized nutrition products that can help manage various health issues. This includes conditions such as cancer, gastrointestinal disorders, and malnutrition, among others.

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Rising prevalence of these health conditions is expected to elevate demand for specialized nutrition products such as oral clinical nutritional cream & pudding during the assessment period.

Growing awareness about health and wellness is likely to boost oral clinical nutritional cream and pudding sales through 2033.

To meet the unique nutritional needs of different patients, companies are developing specialized products. Various new products containing essential nutrients are being introduced into the market. This will positively impact the overall sales.

Emerging markets are expected to offer significant market growth opportunities for oral clinical nutritional cream and pudding manufacturers.

Emerging markets such as Asia, Africa, and Latin America are experiencing rapid economic growth, urbanization, and rising healthcare awareness. This is leading to an increase in preference for specialized nutrition products. Products like oral clinical nutritional cream and pudding are particularly among the aging population and those with chronic diseases.

Expanding into these markets presents an opportunity for companies to tap into new sources of revenue, increase their customer base, and establish a foothold in markets that are expected to experience significant growth in the coming years.

Key Takeaways from the Oral Clinical Nutritional Cream and Pudding Report:

The global oral clinical nutritional cream and pudding marketis expected to reach a market valuation of US$ 1,294.1 million by 2033
By product type, demand is expected to remain high for pudding in the market.
Based on distribution channel, over-the-counter segment is likely to generate the most revenue in the market.
Europe is projected to hold a value share of 2% in the global market by 2023.
The United States market is forecast to reach a valuation of around US$ 331.5 million by 2033.
India oral clinical nutritional cream and pudding industry is poised to exhibit a CAGR of 0% through 2033.

Growing requirements of nutritional supplements from consumers suffering from health issues such as gastrointestinal conditions is set to elevate demand for clinical nutritional cream and pudding, and similar products in the market. Manufacturers would find significant growth opportunities during the forecast period by creating marketing campaigns to educate consumers and increase awareness on the benefit of their products. – says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Leading manufacturers of oral clinical nutritional cream and pudding include Nestlé SA (Boost), Danone SA (Nutricia), Fresenius Kabi, Lactalis Groupe, Nualtra Limited, Aymes International Limited, NutiWise Groupe Lactalis (Lactalis Nutrition Sante), Fresenius SE & Co., and others.

These companies are constantly launching new products into the market to increase their sales. They are also employing strategies such as distribution agreements, mergers, collaborations, partnerships, and acquisitions to solidify their positions. For instance,

In 2021, Lactalis Ingredients introduced oral nutritional pudding made with Pronativ-Native Micellar Casein.
In 2021, Nestle Health Science launched a new range of Resource ThickenUp Clear products including Resource ThickenUp Clear, Resource ThickenUp Clear Sticks, and Resource ThickenUp Clear Powder. These products are designed for people with swallowing difficulties and provide a clear, lump-free texture.

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Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the oral clinical nutritional cream and pudding market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the oral clinical nutritional cream and pudding market based on product type (pudding, cream) and distribution channel (prescription based, over the counter) across various regions.

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Zero Sugar Beverages Market Consumer Preferences and Growth Outlook 2033

According to estimates from Future Market Insights (FMI), the global zero sugar beverages market is likely to be worth US$ 3,328 million in 2023. It is expected to pick up speed with a CAGR of 14.7% from 2023 to 2033. By 2033, the global market is anticipated to reach a value of around US$ 13,150.6 million.

Premiumization has contributed to bridging the gap between luxurious and normal markets. Hence, all customers can acquire exclusive and innovative products.

Manufacturers of zero-sugar beverages can clearly see how premiumization is beneficial. Consumers are now willing to pay more for products with value-added features and actual benefits.

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They are becoming more confident in the brand name and clean labelling. Considering product quality, leading manufacturers are concentrating on improving consumer-end products.

With increasing number of zero-sugar beverages available, modern consumers are able to find products that fit their specific needs and preferences, whether it’s for taste, convenience, or nutrition. Common flavors available in the zero sugar beverages industry are cola, orange, lemon, watermelon, guarana, grape, and strawberry. Zero sugar beverages are also available in cans, PET bottles, and glass bottles.

There is a growing trend among consumers to opt for beverages made from natural ingredients without any added sugar. There is also an observable shift toward consuming natural food additives and sugar substitutes.

To cater to increasing demand for sustainable beverages, manufacturers are creating products with natural ingredient compositions and reduced processing. This is evident through the labeling of beverages as ‘no added sugar,’ ‘zero sugar,’ ‘light,’ and ‘diet,’ which aid consumers in making informed buying decisions.

Leading companies often introduce new products featuring unique flavors and promote them as either a ‘new edition’ or a ‘limited edition.’ This marketing strategy generates excitement and anticipation among consumers even before the product is released, which can benefit the product’s reception in the market.

For example, Coca-Cola launched a Grammy-nominated Marshmello-inspired limited edition zero-sugar Coca-Cola drink in June 2022. This new product featured a blend of natural flavors, including strawberry and watermelon. This approach allows companies to not only promote their brand, but also generate interest in their latest offerings.

Key Takeaways from the Zero Sugar Beverages Market Report:

The zero sugar beverages industry witnessed moderate growth at a CAGR of 5% between 2018 and 2022.
Based on sales channel, the retail sales segment is expected to hold the lion’s share in the evaluation period.
North America is currently at the top in terms of the global zero sugar beverages industry share.
The global zero sugar beverages industry is set to exceed a value of more than US$ 13,150.6 million by 2033.
By product type, the sparkling soft drink category is anticipated to generate a leading share by 2033.

“It is anticipated that consumers will use plant-based sweeteners such as stevia and monk fruit more frequently. These provide a healthy, calorie-free substitute for conventional sweeteners. The market is also set to experience a surging product innovation. Leading businesses are getting ready to introduce fresh flavors and useful components to appeal to consumers who are health-conscious.” – Says a lead analyst.

Competitive Landscape

The competitive landscape is fueled by the presence of key national and international players. Leading Companies are implementing mergers & acquisitions and new product launches as key strategies to compete in the market.

Acquisitions and mergers have facilitated companies to improve product quality and expand product reach. Moreover, launching new products in the market has supported the companies to offer demanded quality products and meet the changing consumer trends across the industry.

Key Industry Developments:

In February 2023, using 1 billion probiotics and prebiotics, Cove Gut Healthy Drinks introduced Cove Gut Healthy Soda. It is a sugar-free and functional soda. There are three flavors of Cove Soda: orange, grape, and lemon lime. The product line, which is reportedly the first to hit the market in Canada, is manufactured with organic ingredients. It also includes a natural plant sweetener that mixes prebiotics with probiotics to improve gut health.
In July 2022, a sugar-free cola-flavored drink was planned to be introduced by China-based beverage giant Genki Forest. The new beverage has passed its final internal tests and will go on sale as soon as the first of August, with an early release scheduled for online retail sites. This action indicates that the soft drink entrant will be competing with Coca-Cola and Pepsi’s premium product lines. The secret to this product is the development of an internal sterile carbonic acid manufacturing plant.

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Get More Valuable Insights into Zero Sugar Beverages Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global zero sugar beverages industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the global zero sugar beverages market based on product type (juices, sparkling soft drinks, energy drinks, sports drinks), sales channel (B2B/HoReCa, retail sales), and region.

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Peppermint Oil Market Set for Strong Growth, Reaching USD 458.4 Million by 2034 with a 7% CAGR | Future Market Insights, Inc.

The market for peppermint oil is projected to reach a value of USD 232.4 million by 2024 and is expected to grow to USD 458.4 million by 2034, reflecting a compound annual growth rate (CAGR) of 7.00% over the forecast period. This growth is driven by increasing utilization of peppermint oil in the pharmaceutical and personal care sectors.

Peppermint oil finds extensive applications in healthcare and pharmaceuticals, effectively addressing conditions such as muscle pain, colds, coughs, sinus issues, and indigestion. The advancement of healthcare infrastructure has correspondingly bolstered sales within the peppermint oil market.

On a global scale, there has been a notable increase in the incidence of diabetes, cardiovascular diseases, and obesity. This surge in health challenges has amplified the demand for natural products like peppermint oil, renowned for its significant health benefits and its ability to treat or alleviate these conditions.

The global market for peppermint oil-based aromatherapy is poised for rapid growth. This growth is driven by increasing adoption of aromatherapy for its potential health and mental wellness benefits, particularly in stress and anxiety relief.

Furthermore, a significant driver behind the expansion of the peppermint oil market is the shift in consumer preferences from synthetic pharmaceuticals to organic medicinal solutions. This trend reflects a desire to maintain well-being through natural means while minimizing environmental impact.

Competitive Landscape

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

Recent Developments in the Peppermint Oil Market

The new roller mix from Loving Essentials Oils, a top-tier USA-based supplier of essential oils worldwide, was unveiled in July 2023. It is created using natural chemicals extracted from ginger and peppermint plants using steam distillation and cold pressing. In addition to being designed to relieve pain and nausea, the medication lowers the possibility of painful skin reactions.
Les Derives Résiniques ET Terpeniques, a leader in the development and distribution of premium, renewable, and naturally derived ingredients worldwide, was acquired by Firmenich in May 2020. Firmenich is positioned as a pioneer in sustainable ingredients for cosmetics and other uses following this acquisition.
To assist people in concentrating on their health objectives, dôTERRA unveiled three new wellness programs, several new essential oil products, and diffusers in October 2020.
Myrissi was purchased by Givaudan in February 2021. The purchase of Myrissi is supporting Givaudan’s long-term fragrance & beauty strategy. With their A.I. experience, Givaudan can provide new organoleptic methods to customers.

Key Companies in the Peppermint Oil Market

Lionel Hitchen Essential Oils
Green Fields Oil Factory
IL Health & Beauty Natural Oils Co. Inc.
Aromaaz International
Aksuvital
Natures Natural India
Shaanxi Guanjie Technology Co.
Young Living Essential Oils LLC
Biolandes
Greenleaf Extractions Pvt. Ltd.
The Lebermuth Company
Synthite Industries Ltd.
doTerra
Bio Extracts (Pvt.) Ltd.

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Key Segments Covered

By Source:

Organic
Natural

By Form:

Absolute
Concentrates
Blends

By Method of Extraction:

Distillation
Carbon Dioxide Extraction
Cold Press Extraction
Solvent Extraction
Others

By Application:

Therapeutics
Aromatherapy
Food & Beverages
Cosmetics
Toiletries
Fragrances
Cleaning & Home
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Seed Coating Material Market to Reach USD 3.64 Billion by 2034, Growing at 5.9% CAGR | Future Market Insights, Inc.

Seed Coating Material Market

The seed coating material market is estimated to be worth USD 2,059.0 million in 2024 and is projected to be valued at USD 3,639.7 million in 2034. From 2024 to 2034, the industry is projected to experience a growth rate of 5.9%. Increasing awareness of environmental sustainability and the adverse effects of conventional agricultural methods have prompted the adoption of seed-coating materials that minimize the reliance on excessive pesticide use. These coatings, which include biological agents and beneficial microbes, play a crucial role in promoting eco-friendly farming practices.

The seed coating material market is poised for growth due to technological advancements and increasing agricultural demands. However, companies must navigate regulatory challenges and focus on sustainability to remain competitive in this evolving landscape.

The utilization of seed coatings, aimed at improving the germination process, shielding seeds from diseases and pests, and supplying crucial nutrients, serves as a driving force behind enhanced crop productivity. This makes seed coating an appealing option for farmers striving to optimize yields. Increased awareness among farmers about the benefits of seed coating materials, including improved seed quality, disease resistance, and enhanced plant performance, is a significant driver for market growth. Farmers are increasingly recognizing the value of seed coatings as a proactive measure for crop protection.

The increasing support from governments and agricultural organizations for the use of coated seeds as part of sustainable and eco-friendly agricultural practices. Regulatory frameworks and incentives for adopting seed coating technologies can drive market growth. Climate change and unpredictable weather patterns have increased the importance of seed coating materials in protecting crops from adverse environmental conditions.

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	3.6%
Germany	4.7%
China	4.3%
Brazil	6.4%
India	5.8%

Key Takeaways

From 2019 to 2023, the seed coating material market was valued at a CAGR of 5.6%
Based on product type, the polymer segment is expected to account for a share of 55% in 2024.
Global seed coating material demand in China is predicted to account for a CAGR of 4.3% in 2024.
In the United States, the seed coating material industry is expected to account for a CAGR of 6.4% in 2024.
Brazil is projected to expand by a value CAGR of 6.4% between 2024 and 2034.
The seed coating material market in India is anticipated to record a CAGR of 5.8% in 2024.

“The increasing use of sustainable agricultural practices and increase in agricultural investment to drive the market growth during the forecast period.” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Seed Coating Material Market Drivers

1. Increase in Global Population:

The growing global population leads to increased food demand, prompting the need for enhanced agricultural productivity. Seed coatings can improve germination rates, disease resistance, and overall yield, making them an essential component in modern agriculture.

2. Technological Advancements:

Innovations in seed coating materials, such as the development of biobased, biodegradable, and smart coatings, are enhancing the effectiveness of seed treatments. Technologies like controlled-release formulations and nano-coatings are gaining popularity.

3. Focus on Sustainable Agriculture:

The shift towards sustainable farming practices drives the demand for eco-friendly seed coating materials. Biodegradable coatings that reduce environmental impact are increasingly favored by farmers and agricultural companies.

4. Government Support and Subsidies:

Many governments are implementing policies and providing subsidies to encourage the use of advanced seed technologies, including seed coatings. This support is boosting market growth, particularly in developing countries.

5. Rising Awareness of Seed Treatments:

Increased awareness among farmers about the benefits of seed treatments, including better crop establishment and enhanced resistance to pests and diseases, is driving demand for seed coating materials.

6. Growing Demand for High-Quality Seeds:

The rise in demand for hybrid and genetically modified seeds, which often require specific coatings for protection and performance enhancement, is a significant driver for the seed coating material market.

Competitive Landscape

Companies invest heavily in research and development to create innovative seed coating formulations. Developing coatings with advanced functionalities, such as improved disease resistance, stress tolerance, and nutrient delivery, can provide a competitive edge.

Bayer CropScience AG is a global life sciences company that operates in the fields of healthcare and agriculture. Bayer CropScience focuses on providing innovative solutions in crop protection, seeds, and environmental science.
BASF SF is a multinational chemical company with a strong presence in various industries, including agriculture. BASF offers a range of agricultural solutions, including crop protection products and seed treatments.
Clariant International is a specialty chemicals company that provides solutions in various sectors, including agriculture. In the seed coating material market, Clariant offers products that enhance seed performance and protect against diseases.

Key Companies Profiled are Bayer CropScience AG; BASF SE; Clariant International; Croda International; Incotec Group; Chromatech Incorporated; Germains Seed Technology; Brett Young; Keystone Aniline Corporation; Precision Laboratories; Mahendra Overseas

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global seed coating material market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.

To understand opportunities in the seed coating material industry by product type (Polymers, Pellets, Colorants, Minerals/Pumice, Other Types) By Crop Type(Cereals and grains, Vegetables, Oilseeds and pulses, Flowers and ornamentals, Other crop types) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).

Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/916

Seed Coating Material Market -Key Segments

By Product Type:

Polymers
Pellets
Colorants
Minerals/Pumice
Other Types

By Crop Type:

Cereals and Grains
Vegetables
Oilseeds & Pulses
Flowers & Ornamentals
Other Crop Types

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Phycoerythrin Market Forecast to Reach USD 10.3 Million by 2034 with an 8.1% CAGR | Future Market Insights, Inc.

Phycoerythrin Market

The global phycoerythrin market size is estimated to be worth USD 4.8 million in 2024, and is projected to reach a value of USD 10.3 million by 2034, growing at a compound annual growth rate of 8.1% over the assessment period of 2024 to 2034.

The increased application of natural colour pigments in the food and beverage as well as in the pharmaceutical products such as processed foods, bakery and confectionary, instant foods, medicines, syrups etc. has led a surge in the target market across the globe.

Continuous research and development also improve the existing process for the production of target products reshaping the phycoerythrin market. This continuous development led to new opportunities and pushed the sales of phycoerythrin as a widespread application across a range of industries. This increased application of products in various fields is driven by the ongoing development in the production, purification, and supply of phycoerythrin to the widespread industrial end-use. Continuous development in the target product extraction, purification, and microencapsulation technology which increases its efficiency and stability to withstand any process and application such as for research and study, pharmaceutical, cosmetic, food and beverage industries, etc.

Brands leverage their extensive distribution channels by collaborating with distributors and wholesalers globally. Key market leaders utilizes its extensive global distribution network to ensure that its products are available in multiple markets, ranging from food service to industrial applications.

Key Takeaways from Market Study:

The phycoerythrin market will reach nearly USD 4.8 million by 2024.
The United States phycoerythrin market is expected to register 6.9% CAGR between 2024 and 2034.
The Australia phycoerythrin market is expected to register 9.8% CAGR between 2024 and 2034.
Top countries driving the phycoerythrin demand are United States, China, India, Germany, and Australia.

“Manufacturing companies with advanced processing facilities and innovative processes to manufacture the end products from algae which is natural, organic and helathy and safety for the consumer keeping the cost-effectiveness of the product will be the winner of the market. An added advantage will be enjoyed by companies that prioritize targeted marketing and product positioning.” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Who is winning?

Key players in the market are engaging in collaboration and partnership to create innovative products. MNC’s focus on expanding their geographical presence, and local players focus on catering to niche segments of the market by collaborating with other companies.

Agilent technology launches the R-Phycoerythrin (R-PE) Conjugation Kit contains everything that is needed to conjugate up to 1 mg (~1000 tests) of your antibody to RPE.

Leading Phycoerythrin Brands

Thermo Fisher Scientific Inc.
Eurogentec
Dainippon Ink and Chemicals
Procurement Limited
Norland Biotech
Abcepta
Europa Biotechnology
Anaspec
Jackson Immuno Research
Chemscene
SETA BioMedicals
Agilent Technologies
Assay Biotech Company Inc.
Fivephoton Biochemical
R&D Systems Inc.
Binmei Biotechnology

Access the Full Report on Phycoerythrin Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/phycoerythrin-market

Key Segments of Market Report

By Process of Extraction:

As per the process of Extraction, the industry has been categorized into Buffer Extraction, Cell Wall Extraction, and Hydrolysis Extraction.

By Form:

This segment is further categorized into Freeze dried and Liquid form

By Product Type:

This segment is further categorized into R-PE, B-PE, and C-PE

By End Use Application:

This segment is further categorized into the Pharmaceutical Industry, Food Industry, Cosmetics Industry, Diagnostic Industry, Biotechnology, and Agricultural Industry.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Global Organic Stevia Market Growth Fueled by Sustainability, R&D, and Health Trends | Future Market Insights, Inc.

Global Organic Stevia Market

The Global Organic Stevia market size reached USD 830.7 million in 2019. Worldwide demand for Organic Stevia is expected to reach USD 973.9 million in 2024. Over the projection period (2024 to 2034), global Organic Stevia sales are predicted to rise at 3.6% CAGR and reach to an industry size of USD 1,387.1 million by 2034.

That Organic Stevia has gained such popularity across the world is indicative of the general move towards using natural and organic food ingredients. People are looking for better sweeteners and demanding sustainable agricultural practices too, which is why it continues to expand. The market for this product isn’t just growing either; it’s also becoming more diverse. Nowadays, one can find it in everything from health drinks all the way up to gourmet desserts. This being said though there have been breakthroughs within extraction methods and processing techniques that render stevia easier to use and more appealing for people at large who may not have been receptive before now due to its taste alone.

Additionally, because artificial sugars are being closely examined as well as their probable contribution in increasing rates of diabetes worldwide, these factors create an environment where organic stevia becomes a relevant substitute choice. Still, no other sweetening agent can match the health consciousness associated with Organic Stevia even when prices start falling during maturity phase since consumers will never compromise on nutrition given current trends towards mindful consumption.

Key Takeaways from the Global Organic Stevia Market Study:

The rise in health-conscious consumers seeking alternatives to artificial sweeteners.
Innovation in sweetener blends that offer improved taste profiles.
Development of more sustainable and ethical sourcing practices.

“Companies that will invest resources in marketing the benefits of Organic Stevia to the masses as well as improve the flavor profile of the product will remain leaders of the market”, says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Access the Full Report on Global Organic Stevia Market Trends and Projections Now: https://www.futuremarketinsights.com/reports/organic-stevia-market

Who is winning?

Only a new product with exceptional functionality and competitive price can become successful as the supplements market is a consumer driven one with price and effectiveness playing significant roles in the embracing of a product. So, companies able to create such products and market them effectively to a specific consumer base hold the potential for market share expansion.

Cargill Incorporated, SWEETLEAF Pure, PureCircle Ltd, Easy Use, Sunwin Stevia International Inc. and NOW FOODS are some of the leading players in this market.

Get valuable insights into Global Organic Stevia Market:

Future Market Insights, in its new offering, provides a thorough, detailed and unbiased analysis of the Global Organic Stevia Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorises the valuable insights on the Global Organic Stevia Market based on Source, Sales Channel, Customer Orientation and Region. As per Extract Type, the industry is categorized into Liquid, Powder and Leaf. As per Sales Channel, the industry is categorized into Online and Offline. As per Application, the industry is categorized into Dairy Product, Bakery, Packaged Foods, Tabletop Sweeteners, Beverages, Dietary Supplement, Confectionary and Others. Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us: