Market Research Blog – Page 10195 – New Product Development

Ready-to-Eat Food Market Is Thriving with Statistics, Latest Trends Forecast of the time period of 2022 – 2032

The global ready-to-eat food market is predicted to achieve a total market value of USD 1,80,000 Mn in the year 2022, with a CAGR (compound annual growth rate) of 7.7%, attaining an overall market worth Of USD 3,77,945.81 Mn by the year 2032. Even due to the Covid crisis, the ready-to-eat food sector has shown to be among the fastest & rapidly expanding markets.

Customers generally desire goods that are healthier, more customizable, and more authentic & natural, without compromising health objectives, flavors, or nutrients. Above everything, such goods should assist individuals in eating healthily with their busy schedule and dynamic lifestyle. retailers & Manufacturers must properly communicate with customers who are increasingly scheduled to work but have great standards for quality of food, flavor, and presentation.

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Because of their interest in food, Millennials and millennials are fueling demand for high-quality foods, yet they may lack sufficient equipment, skills, or time. This opens up the sector for elevated ease and ready-to-eat foods targeted at these individuals.

Key Takeaways:

For its enormous market presence, technical advances and innovation, hectic schedules, and high spending power, the United States dominates the ready-to-eat food industry throughout the North American region but also globally.
The U.S. has a 65 % market share in the region, with a total market valuation of about USD 44,460 million.
In the year 2020, roughly 36% of American adults said they consumed ready-to-eat meals.
The highest consumed and selling categories in the Indian ready-to-eat food market include pre-cooked meat and smoked fish, which are expected to create substantial sales income.

“Customers have a preference for ready-to-eat food since it may serve as a useful substitute for a normal diet and has an increased shelf life, making it handier to preserve for later use. Due to their dynamic and hectic lifestyles, youths are the primary target area for this industry. They choose ready-to-eat or easy foods. With such a wide range of consumers, the ready-to-eat sector will have a rapid growth trajectory,” says a lead analyst at Future Market Insights.

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Competitive Landscape:

Customers desire ready-to-eat meals which are minimally processed and with a longer shelf-life and few or no preservatives, but not at the expense of sensory attributes. High-Pressure Processing (HPP) technology has a lot of potential as a preservation solution without the use of heat for RTE meals.

A further successful story is MUSH, which prepares overnight cold-soaked oats in milk that is dairy-free, never heated, and free of preservatives and unnatural colors. Plant-based broths, animal stews, and soup pouches are among the culinary selections available at Singapore’s Soup Spoon. Villa Food manufactures classic Italian ready-to-eat meals in Italy, including vegetarian dishes. Tappers in Spain provide many meals during the week, with plant-based options included.

Major corporations are employing creative strategies like new product releases and boosting manufacturing capacity to serve better to the consumers and satisfy their rising demands. In May in the year 2018, Del Monte Foods, Inc., a prominent food processing company, launched an ‘elegant and classy’ canned Gold pineapple fruit line geared for teenagers.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Ready-to-Eat presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

Segmentation for ready to eat food market

By Product Type:

Vegetable-Based
Cereal Based
Meat/Poultry
Others

By Packaging:

Canned
Retort
Frozen or Chilled
Others

By Distribution Channel:

Online Store
Departmental/ Convenience Store
Specialty Store
Supermarket/ Hypermarket
Others

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

The report covers exhaustive analysis on:

How much is the Ready-to-Eat market currently worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Ready-to-Eat sales?
How are market players reacting to the new developments in the market?
How much share do the top 3 companies hold?
Which are the major countries driving demand for Ready-to-Eat?
Who are the major players in Ready-to-Eat Market?
What outlook does APAC provide?
At what rate will the U.S. Ready-to-Eat market grow?
At what level does the report reflect pricing analysis?

About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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Robotic Vacuum Cleaners Market Growing at a CAGR of 14.5% over the Forecast Period 2031

The global robotic vacuum cleaners market size is expected to surpass a valuation of US$ 3.5 Bn in 2021. It is also expected to exhibit a CAGR of over 14.5% through 2031.

In the last few years, vacuum cleaner technology has advanced significantly. Because of their ability to clean an area without requiring human participation, robotic vacuum cleaner’s sales are surging at a high pace.

Additional features of robotic vacuum cleaners include rotating brushes, mopping, and UV sterilization. Some are designed to efficiently perform cleaning chores of household. To offer greater efficiency and high performance, manufacturers are integrating robotic vacuum cleaners with security cameras, intercom systems, and other functions.

Robotic vacuum cleaners are a result of technological advancements enabled by artificial intelligence (AI) and the internet of things (IoT). They can be programmed and operated remotely to execute their cleaning tasks and they are clever enough to do it with minimal human intervention. With their advanced technologies, robots are playing an increasingly essential role in modern society, making human life easier and more comfortable.

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Market players are concentrating on producing more technologically advanced robotic vacuum cleaners using cutting-edge technology such as artificial intelligence (AI) (Artificial intelligence). Samsung Electronics, for example, released an AI robot vacuum cleaner in 2021 that has improved object identification and operation performance due to artificial intelligence (AI) technology.

The BESPOKE Jetbot AI is a smart robot vacuum cleaner designed to clean itself and empty its dust bin. It is the world’s first robot cleaner to be equipped with Intel’s artificial intelligence (AI) solution (Intel Movidius), which enables the robot cleaner to reason independently like humans.

Key Takeaways from the Robotic Vacuum Cleaners Market Study

In terms of robot type, the in-house robot segment is projected to account for 75.9% of the total robotic vacuum cleaners market share in 2021.In terms of mode of charging, auto battery charging type accounts for 70.9% of the total robotic vacuum cleaners market share in 2021.The US is a key market in North America, accounting for 91.5% of robotic vacuum cleaners sales in the region in 2021.The U.K. will emerge as a highly lucrative market within Europe, exhibiting 7.5% CAGR.

“Customers from diverse sectors are increasingly turning to automated products to save time and energy. Within the household sector, the demand for smart home technology is on the rise. This has created ample prospects for the expansion of the robotic vacuum cleaners market,” says an FMI analyst.

Impact of COVID-19 on the Market

The COVID-19 outbreak had a wide-ranging impact, including the closure of all non-essential businesses and retailers, leading to a loss of corporate confidence, heightened public worry, and future uncertainty. It has spread indiscriminately over the world, resulting in a hazardous indoor atmosphere. The production rate of these vacuum cleaners had fallen dramatically all over the world as a result of the sudden shutdown of manufacturing factories. Restrictions imposed hampered sales as well as international export and import.

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Furthermore, the COVID-19 created new opportunities for robotic vacuum cleaner manufacturers. Due to the need for cleanliness and hygiene in homes and business spaces, industry players saw higher sales of robot vacuums beginning at the second quarter of 2020. Consumers bought robotic vacuum cleaners to keep the virus from spreading in their homes.

Additionally, according to International Federation of Robotics sales value for robots has increased by 32% to USD 11.2 billion and the recent Covid-19 pandemic is further expected to boost the market.

Who is winning?

Leading manufacturers of robotic vacuum cleaners are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of robotic vacuum cleaners globally.

Major players present in the robotic vacuum cleaners market are iRobot Corporation, LG Electronics, Robert Bosch GmbH, Samsung Corporation, Dyson Ltd., Panasonic Corporation, Xiaomi, ECOVACS, Proscenic, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Hayward Industries, Inc., Pentair plc, Milagrow Business & Knowledge Solutions (Pvt.) Limited. Koninklijke Philips N. V, among others.

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Global Robotic Vacuum Cleaners Market by Category

By Robot Type:

Outdoor Robot
In-House Robot

By Mode of Charging:

Manual Charging
Auto-Battery Charging

By Region:

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

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Breast Lesion Localization Device Market Growth, Production, Suppliers, Forecast Report 2032 – CAGR of 5.5%

From 2022 to 2032, the breast lesion localization device market is expected to expand by 5.5% globally, with an estimated market value of about US$325.5 million in 2022. Based on application, the breast lesion localization devices market was dominated by the breast biopsy segment in 2021 with a market share of approximately 61.3%.

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves each and every requirement of the clients operating in the global healthcare, pharmaceuticals, and medical device industries. FMI deploys digital intelligence solutions to offercompelling insights to report buyersthat help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Breast Lesion Localization Device in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Breast Lesion Localization Device market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

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COVID-19 Impact Analysis on Breast Lesion Localization Device Market

The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Breast Lesion Localization Device market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Breast Lesion Localization Device market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Breast Lesion Localization Device market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Breast Lesion Localization Device Market: Segmentation

Valuable information covered in the FMI’s Breast Lesion Localization Device market report has been segregated into key segments and sub-segments.

By Methodology

Wire Localization
Radioisotope Localization
Magnetic Tracers
Other Localization Methods

By End use

Hospitals
Breast Clinics
Ambulatory Surgical Centers

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Breast Lesion Localization Device Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Breast Lesion Localization Device market.Competitive information detailed in the Breast Lesion Localization Device market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Breast Lesion Localization Device market report.

Key players covered in the report include:

C.R. Bard,
Becton Dickinson and Company,
Cook Medical,
Argon Medical Devices, Inc.,
SOMATEX Medical Technologies GmBH,
Tsunami S. r. L.,
STERYLAB, M.D.L. srl.

Important Questions Answered in the Breast Lesion Localization Device Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Breast Lesion Localization Device market been expanding during the forecast period?
How will the global Breast Lesion Localization Device market look like by the end of the forecast period?
What innovative strategies are adopted by Breast Lesion Localization Device market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Breast Lesion Localization Device market?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Breast Lesion Localization Device market

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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APAC Heart Health Functional Food Market Research on Technology Roadmap, Statistics, Key Data & Factors-2032

Newly released data from the Heart Health Functional Food Market analysis by Future Market Insights shows that global demand of the overall Heart Health Functional Food Market enjoyed year-on-year (YoY) growth of 6.8% in 2021. This market now holds a massive market value of USD 477.6 Mn in monetary terms in 2022.

A recent survey by Future Market Insights (FMI) reveals that consumers are increasingly turning to food products that are responsible for promoting sleep, improving mood, boosting energy levels, maintaining heart health, and aiding in weight management.

The growing demand for food with added benefits, especially for heart health functional food, has created a high potential for manufacturers of heart health food in the Asia-Pacific market. Companies are launching new omega-3-based ingredients as well as products that target the heart health functional food market.

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In the past five years, consumers have become more attentive towards maintaining their health and are showing preference for heart health functional food products. In 2018, the consumption of heart health functional foods in Thailand witnessed tremendous growth, with an average increase of 7-15% in comparison to that in the past five years. This was majorly the result of regulations on health claim and clean labeling.

Plant sterol and soy protein would remain among the highly favored ingredients in heart health functional market in APAC, attributing to high consumer preference for vegetarian products. While the former is derived from fruits, vegetables, seeds, and grains, the latter is gaining traction owing to its affordability and accessibility to manufacturers.

Know More About Heart Health Functional Food Market Study

Future Market Insights, in its new offering, offers an unbiased analysis of the global heart health functional food market, presenting historical demand data (2014 – 2018), and forecast statistics for the period, 2019 – 2026. The study divulges compelling insights on the heart health functional food market based on type; the market is segmented into breakfast cereals, dairy products, nutritional bars, edible oils, and others (eggs & wine).

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Growth of the heart health functional food market is driven by a rising inclination towards natural ingredient-based specific functional food products as well as heart health drink fusions in the dairy products segment. Based on distribution channels, the heart health functional food market is segmented into supermarkets, hypermarkets, departmental stores, and grocer/retailers.

Heart Health Functional Food Market: Segmentation

By Type:

Breakfast Cereals
Dairy Products
Edible Oils
Nutritional Bars
Others (Eggs & Wine)

By Distribution Channel:

Hypermarkets
Supermarkets
Departmental Stores
Grocery/ Retailers

By Country:

India
China
Japan
Singapore
Indonesia
Thailand
Malaysia

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Key Questions Answered in the Report

How much is the Heart Health Functional Food Market current worth?

Currently Heart Health Functional Food Market is worth more than US$ 477.6 Mn.

At what CAGR is the market expected to grow?

Heart Health Functional Food consumption is expected to grow at a CAGR of around 6.8% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, Heart Health Functional Food Market grew at a CAGR of around 6.1% during 2017-2021.

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments, and production capacity expansion.

How many shares do the top 5 companies hold?

The top 5 producers of the Heart Health Functional Food Market hold around 33% of the market share.

Agar Market Key Facts, Profitability, Statistics by Market Segments by Region and BPS Analysis By Countries-2026

Agar being used as an essential natural ingredient in food and beverages; in technical application; in bacteriological and many other sectors is propelling the demand for agar. Future Market Insights (FMI) estimates global agar volume to surpass 10,968.8 tonnes by 2016 end and represent market value of over US$ 220,838.5.

In global market, the demand for agar is dominated by food and beverage segment which especially includes bakery and dairy products. Companies dealing in agar products are promoting agar as an ingredient which has natural and health benefits. Apart from its wide application in food and beverages industry, its application is also increasing in cosmetics, pharmaceuticals, media culture and medical analytics.

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Food and beverage industry is the largest segment which are preferring agar as a thickener and stabilising agent and is expected to account for over 84.0% value share in 2016. Moreover, food and beverage segment is expected to reach 9,216.8 tonnes in 2016 – an increase of 1.5% over 2015.

The form segment includes strips and powder. With powder segment registering significant revenue generation and estimated to account for 63.5% value share in 2016. FMI estimates global consumption of agar powder to surpass 6,969.7 tonnes by 2016 end, an increase of 1.7% in 2016 over 2015.

In terms of consumption, Western Europe is the largest consumer with the total consumption estimated at 3,012.7 tonnes in 2015. Among all the regions, APEJ is predicted to observe robust growth over forecast period 2016–2026.

Agarmex, New Zealand Manuka Group, Hispanagar, Acroyali Holdings Qingdao Co. Ltd., Industrias Roko, S.A, Neogen, Merck Group, Agarindo Bogatama, Setexam and Norevo Gmbh are the major companies identified across the value chain in the global agar market. Companies are also emphasising on research and development for application of agar in technical applications.

Long-Term outlook: FMI seeks a positive long-term outlook on global agar market and anticipated global value of agar to surpass US$ 357,091.6 by 2026. Volume-wise, the global agar market is estimated to expand at a CAGR of 2.6% through 2026.

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By Application

By Form

Food & Beverages
- Bakery
- Confectionery
- Dairy
- Canned meat/poultry products
- Beverages
- Sauces, creams & dressings
- Dietetic products
- Others

Bacteriological
- Culture media
- Microbiology
Technical Applications
- Cosmetology
- Medical applications
Others

By Form

Splits
Powders

Key Regions/Countries Covered

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa
Japan

Animal Feed Additives Market Statistics by Application Type: Ruminants, Poultry, Swine and Aquatic-2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the animal feed additives market reached US$ 16,364.1 Mn in 2021. With increasing adoption of protein-based animal feed additives, the market is poised to expand at a steady 2.70% CAGR between 2021-2031.

The increasing demand for high-quality and nutritious animal products such as eggs, meat, and milk have underscored the need for a balanced diet in livestock. Driven by this, farmers are heavily investing in animal feed additives to suffice the dietary requirements in livestock, thereby promoting sales in the market.

Moreover, the ever-increasing meat consumption in various countries is generating demand for animal feed additives in animal husbandry and pisciculture.

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To promote better health and productivity in animals, governments in various countries have banned the use of antibiotics in animal feed, which is increasing the adoption of plant-based animal feed additives in the market.

Stringent regulations regarding product labeling are encouraging producers to improve ingredient selection and enhance research and development for launching better products in the market. Increasing awareness regarding a balanced diet in the livestock industry will remain a major factor driving sales in the market.

As per FMI’s regional analysis, the U.S. will dominate the animal feed additives market, owing to the presence of well-established agriculture and livestock industry. Apart from this, the growing population and meat consumption in the country is anticipated to shoulder market growth in the near future.

“Rising meat consumption across the world, coupled with demand for high-quality and nutrient-rich anima-based products, will provide tailwinds to animal feed additives sales growth through 2031,” says the FMI analyst.

Competitive Landscape

Ajinomoto Co., Inc., Akzo Nobel N.V., Alltech Inc., Archer Daniels Midland Company, BASF SE, Biomin GmbH, Cargill Inc., Chr. Hansen Holding A/S, CP Group, E. I. du Pont de Nemours and Company, Evonik Industries AG, Invivo Group, Koninklijke DSM N.V., Kemin Industries, Lallemand Inc., Norel S.A., Novozymes A/S, Nutreco, Phibro Animal Health Corporation, Novus International Inc., Tyson Foods, Inc., and Solvay Group are among the leading players operating in the animal feed additives market.

Top 5 players in the market include BASF SE, EVONIK INDUSTRIES AG, Cargill, Inc., Koninklijke DSM N.V., and Nutreco N.V., accounting for 30-40% of the total market share.

As per FMI’s analysis, key players operating in the market are focusing on mergers and acquisitions as a part of their inorganic growth strategies. Apart from this, production facility expansions and product portfolio advancements are helping players gain a competitive edge in the animal feed additives market. For instance:

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In May 2021, Kemin Industries acquired Bio-Cide International Inc., an Oklahoma-based leader in chlorine dioxide-based antimicrobial technology. The acquisition was aimed at strengthening Kemin Industries’ processes to provide food safety in animal feed products.
In January 2021, Philbro Animal Health Corporation announced the opening of a new production facility in Omaha, Nebraska. The new production facility will manufacture and supply animal feed additives and mineral premixes to U.S. livestock producers while guaranteeing food safety.

Key Takeaways from Animal Feed Additives Market Analysis

Amino acids will emerge as the most preferred product type, owing to their health benefits including improved digestion and gut health.
Animal feed additives will be widely adopted in the poultry sector, due to growing demand for eggs and chicken in several countries.
Sales of plant-based animal feed additives will gain traction for improving the texture, taste, and odor of animal feed.
The U.S. is anticipated to witness high demand for animal feed additives due to expansions in the agriculture and livestock industry.
China will exhibit lucrative growth patterns, owing to increasing meat production and consumption in the country.
Prevalence of regional and global market players will shape the sales outlook of animal feed additives in Germany.
Growing population and shifting consumer preference towards protein-rich diet will foster sales of animal feed additives in India.
Japan and South Korea will collectively account for 13% of the total market share.

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More Insights into the Animal Feed Additives Market Report

Animal Feed Additives Market by Category

By Additive Type:

Antibiotics
Vitamins
Antioxidants
Amino Acids
Feed Enzymes
Feed Additives
Minerals

By Application Type:

Ruminants
Poultry
Swine
Aquatic

By Source Type:

Plant
Animal
Micro-organisms

By Region:

North America
Latin America
Europe
Asia Pacific Excluding Japan
Japan
Oceania
MEA

Aloe Vera Extracts Market Pricing Analysis, Statistics & Risks, Detailed Industry Analysis and Business Prospects-2032

Aloe vera extracts are gaining traction as an essential ingredient in food, cosmetics and pharmaceuticals, with global volume to surpass 60,720.4 tonnes in 2016 end, representing revenues worth US$ 1.6 Bn.

Demand for aloe Vera extracts for manufacturing aloe vera gels, cosmetics products, juices, and yogurts will continue its upward momentum in 2016 as well. The all-pervasive health and wellness trend will also boost positive sentiment on aloe vera, with wide-ranging applications in low-calorie fruit juice and packaged drinking water opening up new avenues of growth.

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Cosmetics, the largest end-use sector for aloe vera extracts, will account for over 45% of global demand in 2016, with annual volumes totalling 27,458.5 tonnes – an increase of 6% over 2015.

Among all the product type segments, aloe vera whole leaf extracts will continue to grow at a relative higher rate, representing 41% volume share of the market in 2016. Global consumption of aloe vera whole leaf extracts will surpass 25,280.2 tonnes by 2016 – an increase of 6.2% in 2016 over 2015.

Germany was the largest consumer of aloe vera extracts in 2015, with total consumption at 3,139.2 tonnes. It will further its lead as the largest market in 2016, witnessing a y-o-y volume increase of 5.3%. Demand will continue to grow at a healthy rate in Asia Pacific, where a rapidly growing middle class with increasing disposable income is making a steady shift to natural and organic products.

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Lily of the Desert Organic Aloeceuticals, Aloe Farms Inc., Terry Laboratories Inc., Foodchem International Corporation, Natural Aloe Costa Rica S.A., Pharmachem Laboratories Inc., Aloecorp Inc., and Aloe Laboratories Inc. are the market leaders identified across the value chain in the global aloe vera extracts landscape. The global aloe vera extracts market is highly fragmented, with the top eight players accounting for around 6–7% revenue share of the global market in 2015. Leading companies are looking to expand their production capacity and launch new product offerings in a bid to increase market share, expand customer base and achieve a competitive edge.

Long-term outlook: FMI maintains a positive long-term outlook on the global aloe vera extracts market, estimating global revenues to surpass US$ 3.3 Bn by 2026. Volume-wise, the global aloe vera extracts market is anticipated to expand at 7.4% CAGR through 2026.

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Key Segments Covered

By Product Type

Aloe Vera Gel Extracts
Aloe Vera Whole Leaf Extracts
Others

By Form

Gels
Powders
Capsules
Drinks
Concentrates

Plush Blanket Market Has Been Forecast to Register 5.4% CAGR Through 2031

The plush blanket market size is expected to surpass a valuation of US$ 418.8 Mn in 2021 and at a CAGR of over 5.4% through 2031.

High focus on home decoration and willingness to spend on interior décor items will emerge as chief growth drivers. Interior decoration and themed houses are turning trendy and for elegance and comfort, people are spending on fashionable and comfortable plush blankets.

To capitalize on this trend, some of the leading market players have been aggressively investing in promotional campaigns and advertisements. Some of focusing on innovative product launches such as the launch of non-toxic and sustainable plush blankets.

Customers are becoming eco-conscious and drawn to non-toxic and non-allergic blankets. The bedding quality and material used has gained popularity, especially among millennial consumers. To cater to this, leading companies have launched plush blanket made from biodegradable material, which can be recycled and reused.

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Besides launching eco-friendly products, companies are partnering with environmental protection groups to promote cruelty-free and chemical-free manufacturing. Such efforts undertaken by various organizations such as Shades of Green, Boll & Branch, and Pottery Barn are likely to promote sustainable and eco-friendly bedding and help the market grow.

Key Takeaways from the Plush Blanket Market Study

Full-size blankets are expected to hold the leading revenue share of 21.4% in the market in 2021.
The U.S. will hold a share 87.7% in North America in 2021, owing to the high penetration of key players in the country.
India is a key market in South Asia, registering growth at above 10.3% CAGR owing to higher spending on premium products in the country and increasing development in the real estate category.
Europe will continue showcasing lucrative opportunities for the plush blanket market. Demand in Germany and the U.K. will continue supporting growth in the region.

“Rising availability of plush blankets in attractive patterns, which include smooth, textured, dimple, cuddle soft, and velvet, with wonderful colours, is making them popular a inclusion to improve aesthetic of bedroom decor.” says an FMI analyst.

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Who is Winning?

Some of the leading players in the market are Berkshire Blanket & Home Co., American Blanket Company, FleecePro, Sunbeam Products, Inc., ADORNit, Plush Addict Ltd., Robert Kaufman Co., Inc., Shannon Fabrics Inc., Venus Group, The Company Store, The Northwest Company, among others.

Market players are focusing on the expansion of their product portfolio. Some of them are increase their sales by expanding their business portfolio by collaborating with e-commerce supply channels.

For instance, in 2021, PIXERS launched a customized plush blanket that is soft and warm, suitable for the bedroom, kid’s room and the living room as a bedspread or additional cover. This factor helps the company to gain customer attention in the market.

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Plush Blanket Market by Category

By End-Use:

Residential
Commercial

By Type:

Twin
Twin XL
Full
Queen
King

By Sales Channel:

Direct Sales
Hypermarkets/ Supermarkets
Specialty Stores
Online retailing
Convenience Stores

By Region:

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

Pea Protein Market Statistics and Porter’s Analysis with Regional Pricing Analysis & Regulatory Landscape-2032

According to the recent FMI report, the pea protein market size is anticipated to cross a value of US$ 204.5 Million in 2032. As per the pea protein market analysis report, currently, its net worth is around US$ 65 Million, and it is expected to grow at an impressive CAGR of 11.8% approximately between 2022 and 2032.

Over the past few years, consumption of a diet high in protein content has rapidly increased as a result of rising health consciousness among consumers globally. Consumers are driven to hunt for nutrients in packaged food products because of their increasingly hectic lifestyles creating a huge opportunity for all types of alternatives, including pew protein powder.

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The main factors driving the adoption of a pea protein-rich diet are the expanding fitness habits, especially among millennials, and the increased prevalence of chronic illnesses brought on by altered lifestyles. Growing consumer interest in sports nutrition products as a result of growing knowledge about bone and muscle health is also anticipated to drive the pea protein market expansion during the forecast years.

The needs of customers that are shifting, and a growing focus on goods that are non-GMO, gluten-free, and hexane-free are anticipated to drive R&D in the pea protein market and drive its growth. The cost of the organic pea protein is largely influenced by the product’s production process, the characteristics of the created product, and the cost of obtaining numerous permits resulting in favorable opportunities for the new entrants.

Key Takeaways from the Pea Protein Market Study:

Pea protein isolate is the most popular product type of this market sector making it the largest segment with a share of more than 50% of total sales
In 2021, North America accounted for about 44% of global revenue, dominating the pea protein industry worldwide.
The demand for the textured pea protein in meat processing is expected to expand as a result of the existence of key meat product companies in the U.S., including JBF, Tyson, National Foods, and Cargill.

“In the upcoming years, the Asia Pacific pea protein market is anticipated to grow at the fastest rate due to the rising demand for functional food products that are fortified with nutrients.”—opines an expert at FMI.

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Competitive Landscape

US, France, Spain, U.K., and Germany, Italy are the major countries driving demand for Pea Protein Market. The name of some of the renowned pea protein market key players are Burcon Nutrascience, Roquette Freres, The Scoular Company, DuPont, Cosucra Groupe Warcoing SA, Nutri-Pea Ltd., Shandong Jianyuan Group, Sotexpro SA, Ingredion, Inc., Axiom Foods, Inc., Fenchem Inc., and Martin & Pleasance.

Get Valuable Insights into Pea Protein Market

FMI, in its new offering, provides an unbiased analysis of Pea Protein Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Pea Protein based on by Nature (Organic, Conventional), Product Type (Protein Concentrates, Protein Isolates, Textured Protein, Hydrolysed Protein), End Use (Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition, Cosmetic and Personal Care), by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa )

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Cell Culture Media Market Demand, Top Players, Size, Revenue And Growth Rate Through 2032

The Cell Culture Media Market Size was worth US$4.9Bn in 2022 and is expected to advance at a CAGR of 16% from 2022 to 2032 to US$25.9 Bn by 2032.

Due to increased research and development investment by private and public businesses for vaccines and treatments against microorganisms, the demand for cell culture media is predicted to rise at a rapid pace.

An increase in research and development funding of cell culture media components, as well as a revolution in the life science sectors, particularly in biopharmaceutical products and the expansion and expansion of the biotechnology industry, all, contribute considerably to the sales of cell culture media.

In addition, the rising incidence and prevalence of cancer have shifted the attention to biosimilars, biologics, and recombinant protein products.

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Cell culture has become an essential aspect of vaccine manufacture in the pharmaceutical business. As per the latest cell culture media market future trends, vaccine demand is predicted to rise globally as the frequency of infectious diseases rises, and the possibility of pandemics rises.

Cell-based flu vaccines have also been approved for use in the United States and many European nations.

Regulatory approval of various cell culture-based vaccines around the world and increased awareness and understanding of cell culture-based vaccines are projected to propel the adoption of cell culture media forward during the forecast period.

In order to evaluate vaccines and antivirals in vitro, a culture media must be used in which the targeted virus or bacteria is cultivated, and the response is determined.

The cell culture media market opportunities and the need for culture media are fueled by the pharmaceutical industry’s increased focus on research and development. Because biopharmaceutical innovators are at the forefront of in vitro research and development for the quest for vaccines and antivirals, the present COVID-19 outbreak has a favourable impact on the cell culture media market outlook.

The global market study on cell culture media indicates that the Asia Pacific cell culture market is expected to develop due to favourable regulatory standards, government backing for cell culture-based vaccine production, cheap manufacturing costs, and global market participants’ increasing focus on the merging Asia Pacific area.

Ethical concerns over the use of animal-derived items in culture medium and a scarcity of competent professionals are expected to limit the cell culture media market share.

Cell culture media companies entail a lot of research and development for new therapeutics, including stem cells and gene therapies. Research equipment, reagents, and other goods must be of the highest quality to get reliable results.

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As a result of the increased necessity to maintain high expectations (by the use of high-grade materials) and conform to strict guidelines, the price of cell biomedical research has skyrocketed. This has led cell biology research to become out of reach for many academic institutions and small businesses with minimal resources. Thus, the cell culture market opportunities and expansion are projected to be limited.

Key Takeaways

Serum-free media has a large market share of 51.4 per cent in 2021. Because of the low danger of contamination, serum-free media is commonly used.
North America has the greatest share of cell culture media applications, accounting for 32.6 per cent.
As per the cell culture media market analysis, cancer research accounts for 43.7 per cent of the market share for cell culture media.
Biopharmaceutical businesses have a market share of 83.3 per cent by end user, showing a growing need for stem cells and tissue engineering.
Due to increased technological advancements in the biotechnology and pharmaceutical sectors, the creation of vaccines, and expanding initiatives for in-vitro cultivations, the Asia Pacific region is expected to have a substantial potential for growth in the cell culture media market.

Competitive Landscape

As per the cell culture media market trends and forecast, because the bulk of global culture media companies is based in North America, notably in the United States, North America has the greatest market share in the global culture media market.

HiMedia Laboratories Pvt., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Caisson Laboratories Inc., Merck & Co. Inc, Corning Incorporated, Lonza Group Ltd, Cell Culture Technologies LLC, GE Healthcare, and Fujifilm Holdings Corporation, are some of the leading cell culture media companies in the market.

As per the recent developments in cell culture media, most cultural goods were first introduced in the United States before being distributed around the world.

Due to the rising demand for cell culture mediums from various end-user industries, the top cell culture media manufacturers are focusing on increasing their research activities in plant and animal cell applications.

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