Market Research Blog – Page 1087 – New Product Development

Plant-Based Yogurt Market Set to Soar: Health-Conscious Consumers Propel Growth, Expected to Hit USD 15,398.39 Million by 2033 | FMI

The global plant-based yogurt market size is likely to jump from USD 4,489.87 million in 2023 to USD 15,398.39 million by 2033. This projected expansion is anticipated to result from a remarkable 13.1% CAGR in the demand for plant-based yogurt over the upcoming decade.

The plant-based yogurt market, which was until a few years ago thought to be in its infancy, has taken off in part because of flexitarians, who alternate between eating dairy and non-dairy products. Given the rising popularity of plant-based diets, the plant-based yogurt market has developed. Different plant-based diets have become more popular around the globe. Plant-based yogurt has emerged as a new option to follow sustainable dietary habits. Because of its nutritional advantages, plant-based yogurt is becoming gradually popular in place of traditional dairy yogurt. Dairy products are being consumed less frequently globally as a result of their declining shine.

One of the primary variables influencing the health advantages of plant-based yogurt is the frequency of diseases brought on by lactose intolerance. Demand for plant-based yogurt is also largely driven by the nutritional advantages of lowering the likelihood of cardiovascular disease. The popularity has been heightened by the growing trend of fortifying plant-based yogurt with nutrients. Plant-based yogurt that has been enriched with omega-3 fatty acids is one example. Health professionals are praising the several advantages of eating plant-based cultured yogurt.

The texture and consistency of plant-based yogurt products, however, are equivalent to those of traditional dairy products. Grain, seeds, and nuts are a few of the typical plant-based ingredients utilized in yogurt production. Soy, almond, hemp, oats, and coconut are a few of the popular ones. Inconvenience and specialized stores throughout the world, plant-based yogurt options are becoming more readily available. These yogurts taste much better now and have more flavor options than ever before.

Consumption of environmentally friendly food items is the primary promotional concept that plant-based yogurt supports. The adoption of plant-based diets has increased as a result of this tendency. Food manufacturers in the plant-based yogurt sector have discovered a vast opportunity in products like these to demonstrate that they are concerned about the environmental impact of packaged foods. It is reasonable to conclude that beverages and yogurt made from plants are a developing market.

Key Takeaways from the Plant-based Yogurt Market

In 2022, the global plant-based yogurt market size stood at US$ 4,018.11 million.
The United States is leading the plant-based yogurt industry with a 20.8% global market share in 2023.
In 2023, Germany’s plant-based yogurt industry tracks the United States, holding a 5.7% global market share.
China emerged as a prominent player in the Asia Pacific plant-based yogurt industry, capturing a 5.6% global market share in 2023.
In 2023, Australia possesses a modest 5.2% portion of the global plant-based yogurt industry.
Japan’s plant-based yogurt industry secures a market share of 3.8% in 2023.

“For plant-based products in general and plant-based yogurt in particular, North America and Europe remain particularly attractive markets. These two regions have seen a significant rise in individuals adopting vegetarian and vegan lifestyles. Nevertheless, changing trends are encouraging expansion throughout the Asia Pacific. The cultural acceptance of plant-based foods in certain countries is likely to contribute to a favorable environment for growth.” according to Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Players and Strategies for Success in the Plant-based Yogurt Market

In the plant-based yogurt market, leading players are adopting key strategies for success. They prioritize innovation, crafting a wide array of flavorful options to entice consumers. Key market participants are heavily concentrating on expanding their consumer base through joint ventures or collaboration with other industry partners.

Top Brands in the Plant-based Yogurt Market

Callifia
Chobani
Forager
Good Plants
Good Karma
Kite Hill
LAVVA
Nancy’s
Silk
So Delicious

Recent Developments in the Plant-based Yogurt Market

In April 2022, a powerful plant-based yogurt base was introduced by MISTA, a San Francisco-based development system, as its initial member-created item. Customers can grab the plant-based yogurt base in the United States, Europe, and certain locations in Latin America.
In November 2021, Plant Veda, a renowned producer of dairy alternatives, confirmed the launch of “Plant Gurt,” a new plant-based yogurt that includes millions of active probiotics and can be mixed with smoothies or morning cereals.

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Plant-based Yogurt Market Segmentation

By Nature:

Conventional
Organic

By Product Type:

Cereal Type
Oat
- Rice
- Corn
- Spelt
Legume
- Soy
- Pea
- Peanut
- Lupin
- Chick Pea
Nut
- Almond
- Coconut
- Hazelnut
- Pistachio
- Walnut
- Cashew
- Pili Nut
Seed
- Sesame
- Flax
- Hemp
- Sunflower
Pseudo Cereal
- Quinoa
- Teff
- Amarnath
- Cassava

By Flavor:

Regular
Vanilla
Strawberry
Blueberry
Cherry
Peach
Raspberry
Coconut
Coffee
Others

By Price Range:

Economic
Mid-Range
Premium

By Sales Channel:

Food Service
Retail
Modern Trade
Convenience Stores
Specialty Stores
Discounters
Independent Small Groceries
E-commerce
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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CBD Oil Industry Forecasted to Grow at 31% CAGR through 2033 | FMI

As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million.

The primary reasons propelling the market’s growth include rising demand and expanding legalization of cannabis, emerging applications of cannabis in cancer treatment, and the health advantages provided by products infused with cannabis. In the upcoming years, there are likely to be considerable development prospects for market participants due to the inclusion of cannabis in pet food and the rising demand for beverages with cannabis flavoring.

Cannabis is also the illicit substance that is grown, transported, and misused the most extensively worldwide. Broad cannabis use, both for recreational and therapeutic purposes, has received increasing acceptability across the United States, as indicated by legislative actions, ballot measures, and public opinion polls. In particular, a recent Quinnipiac University poll found that 55% of the United States people surveyed supported cannabis legalization without any new restrictions. Comparatively, 82% of survey participants supported the decriminalization of cannabis for medical use. Demand will progressively rise as legalization continues to spread globally, boosting the expansion of the CBD-infused products market as a whole.

Competitive Background:

The key players operating in the CBD oil market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the CBD oil market. As a result, market participants are likely to have a better overall revenue share in the global CBD oil market.

Key Takeaways:

The CBD oil market is anticipated to reach a valuation of US$ 389 million in 2023.
The high efficacy of CBD produced from hemp for various medical uses, including developing a therapy for Parkinson’s disease, is what drives demand for this market.
The CBD oil market is predicted to record a CAGR of 31% through 2033.
The CBD oil market is expected to surpass US$ 5,980.6 million by 2033.
The CBD oil for pets market is being driven by entrepreneurs who are focusing on developing lotions, skin care, pet care, and textile products using cannabidiol.

Significant Players in the Market Include:

CV Sciences
Medical Marijuana
Aurora Cannabis
Canopy Growth Corporation
Canntrust
Tilray
Kazmira LLC

As the CBD oil market is in a nascent stage, market players are focusing on gaining maximum share by expanding their product portfolio through new product launches.

Recent Developments:

CV Sciences Inc. launched “Plus CBD Gummies” at Natural Product Expo East 2018. These gummies are available in citrus punch and cherry mango flavors. These products comply with strict regulatory standards and are gluten-free and vegan-friendly.
One Leaf, one of the top face mask manufacturers in China, has started executing social media and online marketplace promotional efforts for its CBD products.

Detailed Market Study: Full Report and Analysis

Key Segments Covered in CBD oil Market Study

Product Type:

Hemp Oil
Marijuana Oil

Application:

Pharmaceuticals
Food & Beverages
- Gummies
- Chewing Gums
- Chocolate bars
- Candies
- Beverages
- Dairy Products
- Bakery Products
- Snacks
Cosmetics
Others

Distribution Channel:

Direct/B2B
Indirect/B2C
Hospital Pharmacy
Retail Pharmacy
Hypermarkets/Supermarkets
Convenience Store
Online Retail
Others

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Coffee Ground Market Expected to Hit USD 1,772.80 Million Valuation by 2034 | FMI

The coffee grounds market is estimated to be worth USD 639.9 million in 2024. Production of coffee grounds is tied up with the production of coffee and the demand for the product too is amplifying with the greater number of younger people indulging in the drink. The need to manage and recycle coffee waste is also raising the profile of coffee grounds.

Through the year 2034, coffee grounds demand is set to progress at a CAGR of 10.7%. The market’s growth over the coming years is attributed to the use of coffee grounds in industries such as agriculture and cosmetics. Household use of coffee grounds, to improve the smells of residences or to get rid of fleas in pets, is also marked as a significant improver of demand.

By 2034, it is forecasted that the market value will have reached USD 1,772.80 million. Trends of recyclable and compostable materials finding more acceptance among consumers are seeing value being added to the coffee grounds market. Surging want for biofuels is also penned in to fuel market growth.

The lack of knowledge among consumers is still seeing a sizable portion of coffee grounds being discarded into the waste heaps, thus limiting the growth of the market. However, social media highlighting the uses of coffee grounds is counteracting this limitation.

Key Takeaways from the Coffee Grounds Market

The coffee grounds market is anticipated to be US$ 639.9 million in value in 2024.
Arabica coffee grounds top the product type segment in the market. For 2024, arabica coffee grounds are expected to account for 66.0% of the market share.
Agriculture sector makes predominant use of coffee grounds. For 2024, the agriculture sector is anticipated to account for 35.5% of the market share.
China is a promising country for the market. The CAGR for China over the forecast period is forecasted to be 11.6%.
Japan is a country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for Japan is pegged at 10.0%.
The market is expected to register a CAGR of 8.7% in Germany over the forecast period.

“By making coffee grounds more widely available, through the means of bundling them with other coffee products, market players are coasting the wave of coffee grounds popularity. Thus, both industrial and household application of coffee grounds is making the market lucrative,” says an analyst at FMI.

Competition Analysis of Coffee Grounds Market

Coffee sector giants are launching coffee grounds as a way to take up the opportunities in the market. Collaborative strategies are being adopted by market players to expand their footprint in the landscape. Some of the prominent companies in the market include Death Wish Coffee Company, Folgers Coffee, Hills Bros. Coffee, and Kicking Horse Coffee.

Key Companies in the Coffee Grounds Market

Death Wish Coffee Company
Folgers Coffee
Hills Bros. Coffee
Kicking Horse Coffee
Peet’s Coffee
Red Thread
Royal Kona
Starbucks Corporation
The Kraft Heinz Company
UCC

Recent Developments in the Coffee Grounds Market

In May 2022, Kaffeeform launched a coffee cup made from coffee grounds, called the Weducer Cup Refined.
In September 2022, Nivea’s face cream containing coffee grounds was launched as part of its Naturally Good range.

Exhaustive Market Report: A Complete Study

Key Segments

By Product Type:

Arabica
Robusta
Others (Liberica, Excelsa)

By End Use:

Food & Beverage
Agriculture
Cosmetic & Personal Care
Insecticides & Pesticides
Biofuel

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

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.

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Energy Drinks Market Set for Strong Expansion, Projected to Reach USD 64.9 Billion by 2034

Energy drinks, erstwhile, only consumed and even marketed for the athletic community, have made their place in the shopping baskets of every household. The market, with a staggering revenue of USD 38,300 million, has reached its all-time peak in 2024. With the advent of plant-based and non-dairy energy drinks, the market is very likely to flourish in the coming future.

The need for instant refueling of energy, especially in the younger demographics, is shaping the future of this market. With the proliferation of influencer brands in developed countries like the United States, the United Kingdom, and India, this global valuation is slated to surpass USD 64,876 million by 2034.

Considering the rising number of people dealing with chronic diseases, brands in developed countries are also introducing zero-calorie or no-fat energy drinks. In countries like Japan, Germany, China, etc., where the growing aging population is the key concern, these types of strategies are very likely to strengthen market growth. The market is expected to grow at a modest CAGR of 5.40% through 2034.

“Sustainability of energy drinks bottles and tetra-packs is still a major concern in this market. Companies involved must embrace sustainable packaging and disposable of energy drinks bottles to cater to the demand of eco-conscious consumers and businesses”, opines an FMI analyst.

Key Takeaways from the Market Study

The RTD segment dominates the global energy drink market with a share of 66.40% in 2024.
Based on product type, the caffeinated segment leads the energy drink market with a share of 76.50% in 2024.
The energy drink market in India is anticipated to grow at a CAGR of 7.60% through 2034.
The energy drink market in Germany is estimated to rise at a 5.60% CAGR through 2034.
The energy drink market in Japan has the potential to increase at 6.10% CAGR through 2034.
The United States energy drink market is predicted to rise by 5.00% CAGR through 2034.
The energy drink market in China is very likely to grow at a CAGR of 7.00% through 2034.

Competitive Landscape

The global energy drinks market is highly competitive and consists of numerous international and domestic brands. Initially targeting athletes, these brands have expanded their consumer base over time.

The rise of eCommerce and last-mile delivery services has made it easier for international brands to reach consumers in developing and underdeveloped countries. The market is dominated by prominent companies such as Monster Beverage Corp., Kraft Foods Inc., The Gatorade Company, Inc., PepsiCo Inc., Coca-Cola Co., Red Bull GmbH, Nestlé S.A., Carlsberg A/S, NEALKO ORAVAN, spol s.r.o, Kabisa B.V., Suntory Holdings Ltd., etc. These companies have established a strong global presence and have expanded their consumer reach across international borders over time.

Extensive Market Research: Complete Report and Findings

Recent Developments

Sprecher Brewing Co. entered the energy drinks market by acquiring Juvee from 100 Thieves in January 2024.
Monster Energy Ultra launched its new flavor, Fantasy Ruby Red, through an AR experience in March 2024.
Tata Consumer Products entered the energy drink market in September 2023 with Say Never Energy Drink, endorsed by James Blake.
Prime Energy drink, founded by YouTubers Logan Paul and KSI, became the official drink of the LA Lakers in March 2024.

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 FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Ready-to-Drink Beverage Market Poised for Major Expansion, Expected to Hit USD 430.30 Billion by 2034

The ready-to-drink beverage (RTDs) market value is expected to rise from USD 206.25 billion in 2024 to USD 430.30 billion by 2034. This market is analyzed to propel ahead at a CAGR of 7.60% over the next decade.

Industry players are strategizing for growth by increasing their college campus presence via nutrition-promoting programs. In addition, players are progressively working with collegiate sports programs and NIL athletes to give a boost to their brand awareness and promote product affinity.

With growing busy consumers in metropolitan cities, RTD beverage brands are promoting themselves as a lifestyle brand. These brands attune their products to consumers’ values, like freedom, wellness, and authenticity, to sell their products.

Key players offering energy RTDs, like the America-based Celsius, are building a strong foundation of loyal customers, typically found within the fitness community who increasingly consume energy boosters. Customers for these brands are gravitating toward their brands’ offerings because of the authenticity and support that they extend to fit lifestyle culture.

Energy RTD beverages make for a great gym partner, study partner, and get-through-your-shift partner as they quench thirst and give an instant surge of energy. Another noted driver for the energy drinks category under the RTD industry is that functional drinks can be paired with meals and food as they taste appetizing, that too without containing sugar content.

The alcoholic ready-to-drink beverage is also gaining momentum in developed and developing countries alike. Their sales are supported by increasing tourism activities and the expanding trend of celebrating everyday moments, packed in a convenient and portable bottle. The growth of alcoholic RTDs in developing countries is a testament to shifting consumer preferences.

“Key players are expanding their presence the world over, by gradually expanding their operations and searching for opportunities and demand outside their homeland. Additionally, players who are agile in responding to the latest consumer preferences and trends are expected to have an advantage over their peers,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Ready-to-drink Beverage Market Report

The ready-to-drink beverage market share was US$ 150.92 billion in 2019. From 2019 to 2023, the market registered a CAGR of 7.10%.
By product type, the coffee segment is predicted to occupy a value share of 21.5% in 2024.
Based on nature, the conventional segment is expected to exercise dominance in the global market, obtaining an 86.5% share in the market.
Regionally, the consumption patterns indicate that demand for ready-to-drink beverages is expected to be higher in emerging countries than in developed markets.

Latest Developments in the Global Ready-to-drink Beverage Market

In November 2023, Kirin Hyoketsu, Japan’s best-selling RTD, made its way to New Zealand. The beverage brand made its Kiwi debut with signature Lemon flavour which is a blend of soda, vodka, and frozen natural lemon juice.
In October 2022, Radico Khaitan introduced ready-to-drink options for the vodka brand. In the years to follow, the company shared that it was going to produce three variants, including cola, cosmopolitan, and mojito. At present, the products are sold in Karnataka, followed by Maharashtra, Goa, and Daman & Diu.
In December 2023, Coca-Cola India announced the testing of Lemon-Dou in India, which is a ready-to-drink alcoholic beverage.

Enlisted Below are Some Top Market Players

Diageo plc
Brown-Forman
Bacardi Limited
Asahi Group Holdings, Ltd.
Pernod Ricard
Halewood Wines & Spirits
SHANGHAI BACCHUS LIQUOR CO., LTD.
Suntory Holdings Limited
Manchester Drinks Company Ltd.
Anheuser-Busch InBev
Others

Full Market Assessment: Comprehensive Report

Market Segmentation of Ready-to-drink Beverage Products

By Product Type:

Tea
Coffee
Energy Drinks
Yogurt Drinks
Dairy-based beverages
Non-Dairy Based Beverages
Fortified Water
Others

By Nature:

Organic
Conventional

By Packaging:

Bottle
Tetra Pack
Sachet
Tin Can
Others

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Grocery Stores
Speciality Stores
Online retail

Different Regional Markets are as Follows:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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.

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Accelerating Dextrose Monohydrate Market Growth: Innovations to Drive 4.0% CAGR by 2033 | FMI

The global dextrose monohydrate market is projected to reach a value of USD 498 million by 2023 and is expected to evolve at a CAGR of 4.0% to reach USD 708.7 million by 2033.

Due to its health advantages, dextrose monohydrate demand is anticipated to soar during the forecast period. Its application in the food and beverage industry is also expected to be expanded by its use as sweeteners, binders, emulsifiers, and thickeners.

Dextrose Monohydrate: Enhancing Shelf Life & Flavor of Processed Meat

Consumers are looking for high-quality, convenient meat products, which is boosting the processed meat market. Dextrose monohydrate is essential in the enhancement of processed meat. It improves color development, salt penetration, flavor, and pH balance during injection and immersion curing. Meat-based breakfast options such as bacon are gaining popularity over pancakes due to changing preferences and a need for protein-rich meal options.

A carbohydrate blend, containing dextrose monohydrate, ensures proper fermentation, controlled pH, and the necessary microbial population in fermented dry sausages. As a result, the sausages have exceptional sensory qualities, body, and flavor. The adoption of dextrose monohydrate in processed beef increases market sales by satisfying customer tastes and extending shelf life.

Sugary Suppression: Artificial Sweeteners Curb Dextrose Monohydrate’s Growth

Excessive dextrose consumption has been linked to obesity, liver function disruption, and increased uric acid levels. Regulations limiting the usage of dextrose monohydrate hinder its demand growth. In search of low-calorie alternatives, manufacturers are turning to artificial sweeteners that help maintain blood sugar levels. Their widespread use in processed foods boosts their sales, driven by their ability to retain taste.

FDA-approved sweeteners such as saccharin, sodium benzoate, and aspartame have gained popularity in the food industry. Aspartame, being much sweeter than sugar, reduces production costs. The increasing utilization of artificial sweeteners is expected to hamper dextrose monohydrate market growth.

North America Leads Global Dextrose Monohydrate Market

North America is projected to dominate the global dextrose monohydrate industry due to its strong regional segmentation. The region benefits from a high level of awareness and understanding of the product, which contributes to market growth. The increased emphasis on wellness and health among Americans fuels the market expansion of dextrose monohydrate in North America.

Key Takeaways

The United States might increase its market share by 21/7% between 2023 and 2033.
Between 2023 and 2033, Germany may hold 4.1% of the dextrose monohydrate
From 2023 to 2033, the United Kingdom dextrose monohydrate industry registered at a 5% CAGR.
Australia to hold a 2.9% share of the dextrose monohydrate market from 2023 to 2033.
During the forecast period, the Chinese dextrose monohydrate business to expand at a CAGR of 4.2%.
Japan’s share of the dextrose monohydrate industry could reach 2.3% between 2023 and 2033.
Through 2033, the Indian dextrose monohydrate market to record a CAGR of 5.3%.
The grade segment to hold a market share of 74.5% in the food grade category between 2023 and 2033.
Bakery & Confectionary sector to grab a significant market share of 53.6% in the application category between 2023 and 2033.

Competitive Landscape

Major dextrose monohydrate players spend a lot of money on research and development to broaden their product offerings, which may escalate the dextrose monohydrate business to continue expanding.

The dextrose monohydrate players are launching new products, making agreements, purchasing firms, raising capital, and collaborating with other organizations to boost their investments and build a larger global presence. To grow and survive in a more cutthroat and competitive market climate, dextrose monohydrate competitors must provide affordable products.

New Developments

Tate and Lyle PLC expanded its presence in Asia by inaugurating a cutting-edge application lab in Singapore in 2019. Equipped with advanced technology and pilot-scale capabilities, the lab facilitated collaboration with food and beverage partners to develop delicious products that catered to the preferences of consumers in Asian countries, spanning beverage, dairy, bakery, sauce, and dressing processing.
Atlantic Chemicals Trading GmbH established a new warehouse in Stelle, near Hamburg, ensuring efficient delivery of their products. The strategic location of the warehouse enabled the company to procure raw materials promptly and meet customer demands effectively.
In 2020, Roquette Frères S.A. launched a digital marketplace, revolutionizing the ordering process for its customers. This user-friendly platform offered convenience, innovation, and ease of use, allowing customers to effortlessly select and order the right products to suit their requirements.

Complete Market Review: A Full Report Analysis

Key Segments

By Grade

Food Grade
Medical Grade

By Application

Bakery & Confectionery
Convenience Food
Dairy Foods
Beverages

By Region

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

About Future Market Insights (FMI)

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Insect Feed Market Forecasted to Grow at 17.9% CAGR Through 2033: Future Market Insights

The global insect feed market is poised for significant growth, with an estimated worth of approximately USD 1,561 million in 2023. This burgeoning sector is anticipated to expand at an impressive annual growth rate of 17.9% from 2023 to 2033. By the end of this period, the market’s value could soar to an estimated USD 8,124 million, driven by increasing demand for sustainable protein sources in agriculture and aquaculture. As the industry evolves, innovations in insect farming and feed formulations are likely to play a crucial role in meeting this rising demand.

As many animals ingest the insects naturally, it makes sense to think about using insect proteins as a potential source of commercial feed additionally, because insects include bioactive components, they are increasingly being used as innovative feed additions to promote the gut health of pet animals.

Sales of animal feed additives are also expected to be constrained by the strict laws and regulations related to introducing new insect feed. For example, the Bovine Spongiform Encephalopathy problem poses a crucial threat to consumer health and safety, impacting the overall approach of using insects as feed in Europe. Another main roadblock to adopting insects as feed in many places is the lack of clear laws and standards governing their usage as food.

“Prominent industries producing animal feed have started investing in research to produce cutting-edge insect feed products to expand consumer base in the international market. Besides, some insect feed suppliers are working with other producers to include their goods in preparation of the final product for livestock.” – Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key Takeaways from the Global Insect Feed Market Study Report by FMI

The United States captured most of the global market and is predicted to contribute US$ 491.7 million in 2023.
Germany is the leading supplier of insect feeds in Europe and it may contribute to nearly 5.8% of the global market share in 2023.
Insect feed demand is rising in China and South Korea, which is expected to lead to strong growth in the Asia Pacific. In 2023, the two countries are estimated to contribute nearly 15.8% and 2.8% of the global revenue share respectively.
Australia is another emerging market for insect feeds in the Asia Pacific with an estimated global market share of 1.9% in 2023.
With an overall market share of nearly 43% in 2023, the aquaculture segment is expected to lead the market among end users.

Regional Market Comparison	Global Market Share in Percentage
United States Insect Feed Market Share	31.5 %
Germany Insect Feed Market	5.8 %
Japan Insect Feed Market	2.8 %
Australia Insect Feed Market	1.9 %
China Insect Feed Market	15.8 %

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Competitive Landscape

To increase their product offerings and introduce cutting-edge items, leading insect feed manufacturers spend highly on research and development. For instance, Nutrition Technologies Company declared in June 2022 to create bacteriophages to replace antibiotics in the protein found in black army flies.

Recent Developments

Protenga Incorporate obtained nearly US$ 1.6 million in July 2020 with Roslin Technologies, a British agri-tech startup. The investment has been made to discover the black soldier fly’s new, effective genetic strains for use in aquaculture, livestock, and pet feed.

Nutrition Technologies and Evonik partnered in March 2022 to do research and development on poultry insect feed. The partnership concentrated on the amino acid needs of Southeast Asian BSF to achieve sustainable results in livestock production by optimizing BSF diets.

In May 2022, Pet World Nutrition Technologies, SPCA Selangor, and Nutrition Technologies introduced a sustainable commercial dog food containing protein from black soldier fly larvae.

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Brewer Yeast Powder Market Poised for Growth Amid Rising Veganism, CAGR Expected to Reach 6.7% by 2033

This trend is expected to pave the way for fresh market opportunities, charting a projected CAGR of 6.7% from 2023 to 2033. By 2033, the market is anticipated to soar to an estimated total valuation of USD 4,554 million.

As consumers become more health-conscious, the trend towards plant-based nutrition further fuels the market. Brewer yeast powder is widely used in health supplements, bakery products, and animal feed, showcasing its versatility.

Additionally, innovations in processing techniques and product formulations are expanding its application in various industries. Key players are focusing on sustainable sourcing and clean-label products to meet the rising consumer preference for transparency and quality. Overall, the brewer yeast powder market is poised for continued expansion, driven by health trends and innovative applications.

The surging popularity of veganism has emerged as a pivotal driver propelling the yeast extract market forward. With an increasing number of consumers adopting plant-based diets, there is a growing appetite for vegan-friendly alternatives that can faithfully replicate the savory tastes traditionally associated with animal-derived ingredients.

Yeast extract, renowned for its naturally occurring umami flavor, stands out as an exceptional substitute for meat-based flavors, particularly in the realm of vegan and vegetarian food products. This makes it an invaluable ingredient for food manufacturers looking to cater to the ever-expanding vegan market.

The capacity of yeast extract to enhance the palatability of vegan and vegetarian offerings ensures that consumers do not need to compromise on flavor when making dietary choices that align with their values.

The versatility of yeast extract allows it to meet the diverse needs and expectations of a significantly growing consumer base. As the global veganism movement continues to gain momentum, yeast extract is well-positioned to play a vital role in shaping the future of plant-based culinary experiences.

Contributions of yeast extract to enhancing taste, texture, and overall product quality drive the yeast extract market’s growth, revolutionize how we think about, and enjoy vegan and vegetarian food options.

Key Takeaways from the Market Study

The brewer yeast powder market valuation in 2022 stood at US$ 2,300 million.
The market in Japan accumulated a value share of 7.7% in 2022.
The market in India for brewer’s yeast is projected to develop at a CAGR of 13.8% in 2022.
The United Kingdom is estimated to expand at a CAGR of 4.2% by 2033.
Based on application, the feed segment is expected to dominate at a market share of 69% by 2033.
Based on type, the liquor dry yeast is likely to register a market share of 44% by 2033.
The brewer yeast powder market worth rose at a 2.4% CAGR between 2018 and 2022.

“The rising popularity of alcoholic beverages has increased the demand for brewer’s yeast and is considered one of the key drivers of the global brewer yeast powder market,” comments a Future Market Insights analyst.

Competitive Scenario

The brewer yeast powder industry consists of a consequential number of market players. Research and development are one of them that is mainly used for the introduction of environment-friendly product lines from the core aspect of these manufacturers. Other expansion strategies, including collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.

Key Companies Profiled

Inland Island Yeast Laboratories
Lesaffre
Associated British Foods plc
Lallemand Inc.
Angel Yeast Co. Ltd
AB Mauri Ltd
Laffort SA
Alltech Inc.
Oriental Yeast Co. Ltd
Omega Yeast Labs

Some key developments are-

Nutreco N.V. announced its investment in West Coast Salmon AS, a U.S.-based land-based salmon venture. The investment is part of West Coast Salmon’s initial round of equity financing, which will be used to establish a Recirculating Aquaculture System (RAS) Atlantic salmon farming facility in Nevada. This investment is a significant vote of confidence in the future of land-based salmon farming. It also demonstrates Nutreco’s commitment to sustainable aquaculture.
AB Mauri UK & Ireland has announced the appointment of four new professionals, a strategic move to extend the reach of its top-tier technical solutions across industries beyond the bakery sector. This expansion of technical solutions is part of AB Mauri UK & Ireland’s commitment to providing its customers with the best possible products and services. The company further believes that by expanding its reach, it can better serve the needs of its customers and help them grow their businesses.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global brewer yeast powder market providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the global brewer yeast powder market is segmented based on type (alcohol dry yeast, liquor dry yeast, wine dry yeast, rice wine dry yeast, and beer dry yeast) and application (brewing, baking, feed, biological research, and medicine) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).

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Brewer Yeast Powder Market by Category

By Type

Alcohol Dry Yeast
Liquor Dry Yeast
Wine Dry Yeast
Rice Wine Dry Yeast
Beer Dry Yeast

By Application

Brewing
Baking
Feed
Biological Research
Medicine

By Region

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

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Men’s Skincare Market to Reach USD 37 Billion by 2033: Driving Forces Behind the Rapid Growth in Grooming and Self-Care Trends

The men’s skincare products market is experiencing a significant surge in demand, with an estimated valuation of USD 15,078.23 million in 2023. Over the next decade, the market is projected to grow at a CAGR of 9.4%, reaching an impressive USD 37,000 million by 2033. This growth is driven by increasing awareness among men about skincare, evolving grooming habits, and the rise of male-specific beauty products that cater to diverse needs.

Key Drivers of Market Growth

Growing Awareness About Skincare: As societal norms around male grooming shift, more men are becoming conscious of their appearance and the importance of skincare. Skincare routines, once primarily marketed to women, are now gaining traction among men, with products designed to address issues like dryness, acne, and aging.
Demand for Multifunctional Products: Men’s skincare products are increasingly becoming multifunctional, offering a combination of benefits such as moisturizing, sun protection, and anti-aging. This streamlines skincare routines and appeals to men looking for convenience. Brands are developing products that cater to this demand, contributing to market growth.
Influence of Social Media and Celebrity Endorsements: The influence of social media and male influencers advocating skincare has played a significant role in changing perceptions. Additionally, celebrity endorsements by male icons in beauty campaigns are encouraging more men to invest in skincare products, making it a mainstream activity.
Rise of Male Grooming Products: The male grooming industry has expanded beyond basic shaving and hair care to include a wide array of skincare solutions. Brands are launching face washes, serums, moisturizers, and toners specifically formulated for men’s skin, addressing their unique skincare concerns such as thicker skin and oil production.

Emerging Trends in the Men’s Skincare Products Market

Natural and Organic Products: With growing consumer interest in clean beauty, natural and organic skincare products are seeing a surge in demand. Men, much like their female counterparts, are opting for products that are free from harmful chemicals and harsh ingredients, favoring natural formulations.
Anti-Aging Solutions: As more men become concerned about the signs of aging, there has been a growing demand for anti-aging products, including eye creams, night serums, and wrinkle treatments. This shift is contributing significantly to market growth, with men seeking solutions that help them maintain youthful skin.
Sustainability and Eco-Friendly Packaging: Eco-conscious consumers are pushing brands to adopt sustainable practices. In response, many companies are moving towards eco-friendly packaging and cruelty-free products, making sustainability a key trend in the men’s skincare market.

Regional Insights

North America currently leads the men’s skincare products market, with a strong culture of grooming and a large consumer base. The U.S. has been at the forefront, with rising awareness and accessibility of premium men’s skincare brands driving growth in the region.
Asia-Pacific is expected to witness rapid growth due to changing grooming habits among men, particularly in countries like South Korea, China, and Japan. In South Korea, men’s skincare is already mainstream, with K-beauty influencing global skincare trends.

Challenges in the Market

Despite the rapid growth, the men’s skincare market faces challenges, such as traditional stigmas surrounding male grooming in certain cultures. Some men remain hesitant to adopt skincare routines, considering them feminine. However, with changing attitudes and marketing strategies that emphasize skincare’s importance for everyone, these barriers are gradually being overcome.

Market Segmentation

By Product Type:

Cleansers & Face Wash
Moisturizers & Creams
Serums, Oils, & Treatment
Shave Care
- Shaving Cream
- Shaving Foam/Gel
- After Shave Lotion
- After Shave Splash/Gel
- After Shave Balm
- Other shaving Products
Sunscreen
Facial Scrubs & Polishes
Others

By Skin Type:

Oily Skin
Dry Skin
Sensitive Skin
Combination Skin
Normal Skin

By Price Range:

Economy
Mid-Range
Premium

By Source:

Organic
Conventional

By Sales Channel:

Supermarkets/Hypermarkets
Specialty Stores
Multi-Brand Stores
Discount Stores
Salon/Grooming Clubs
Drug Stores & Pharmacies
Online Retailers
Other Sales Channel

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
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.

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Global Mobile Gamma Cameras Market Set to Experience Substantial Growth, Projected to Reach USD 89.8 Billion by 2033

The global mobile gamma cameras market is poised for remarkable growth, with projections indicating a valuation of USD 59.5 billion by the end of 2023. This dynamic expansion is driven by a growing emphasis on patient-centric care, anticipating a robust compound annual growth rate (CAGR) of 4.2% from 2023 to 2033, potentially reaching USD 89.8 billion by the end of the forecast period.

The increasing demand for mobile gamma cameras reflects the healthcare sector’s shift toward flexible, patient-focused diagnostic solutions. These advanced imaging devices are critical for delivering real-time, high-resolution images that enhance diagnostic accuracy and treatment planning.

Several key factors are contributing to this market trajectory. First, ongoing advancements in medical imaging technologies are enhancing the efficiency and accessibility of mobile gamma cameras. Additionally, the transition towards outpatient care and home-based diagnostic services is driving the need for portable imaging solutions, offering convenience and reducing patient travel to healthcare facilities.

As the market evolves, stakeholders are prioritizing innovation and technological advancements to meet the growing demands of healthcare providers and patients. The commitment to enhancing diagnostic accuracy and patient care positions the global mobile gamma cameras market for significant growth, mirroring broader trends towards personalized and accessible medical solutions.

Mobile gamma cameras are increasingly used alongside other imaging modalities such as CT (Computed Tomography) and MRI (Magnetic Resonance Imaging) to deliver comprehensive diagnostic assessments. Their integration with electronic health records (EHRs) and Picture Archiving and Communication Systems (PACS) further improves data management and accessibility, significantly enhancing their overall utility.

The application of mobile gamma cameras extends to post-treatment monitoring in nuclear medicine therapies, including radioiodine therapy for thyroid disorders. This expanded use is bolstered by the need for preparedness against potential health crises or bioterrorism threats, leading to the establishment of mobile medical units equipped with essential diagnostic tools like mobile gamma cameras.

Market Insights:

The global mobile gamma cameras market was valued at USD 56.3 billion by the end of 2022.
From 2018 to 2022, market demand grew at a CAGR of 4.0%.
India held a market share of 15.0% in 2022.
The hospitals segment accounted for a 41.0% market share in 2022.
From 2023 to 2033, the market is projected to grow at a CAGR of 4.2%.
By 2033, the market value is expected to reach USD 89.8 billion.

Future Prospects:

The burgeoning growth of telehealth services, including telemedicine and teleradiology, is anticipated to significantly contribute to the expansion of the mobile gamma cameras market in the near future, according to FMI analysts.

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Competitive Landscape:

Key players in the mobile gamma cameras market include Digirad Corporation, DDD-Diagnostic A/S, Dilon Technologies, Inc., Spectrum Dynamics Medical, GAEDE Medizinsysteme GmbH, Beijing Hamamatsu Photon Techniques Inc., MIE America, Mediso, CLERAD, and CardiArc.

Recent Developments:

2023: Nuclear Fields launched the Gamma-Boy, a portable and affordable mobile gamma camera designed for diverse settings including hospitals, clinics, and research laboratories.
2022: Siemens Healthineers introduced the Symbia Intevo Bold, a high-resolution mobile gamma camera intended for SPECT and PET nuclear medicine imaging procedures.
2021: Dilon Technologies unveiled the Ranger Vision 2.0, a lightweight and compact mobile gamma camera for use in hospitals, clinics, and ambulances. Gamma Medica also launched the LumaGEM 360, a high-resolution mobile gamma camera for SPECT and PET imaging.

Segmentation Analysis:

Product Type: Single Head, Double Head, Triple Head, Hand Held
Indication: Cardiac Imaging, Breast Imaging, Hepatobiliary Imaging, GI Imaging, Renal Imaging, Brain Imaging, Others
End-User: Hospitals, Ambulatory Surgical Centers, Cancer Research Institutes, Specialized Clinics
Region: North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, 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 over 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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