Market Research Blog – Page 1104 – New Product Development

Allulose Market: The Sweetener Revolution Transforming Low-Calorie Diets

The Global allulose industry size is estimated at US$ 256.25 million in 2024. FMI projects the market to develop at 8.9% CAGR between 2024 and 2034, reaching a valuation of US$ 598.61 million by 2034.

The increased use of allulose in the production of pharmaceutical medications for lifestyle disorders, as well as the expansion of the food processing industry in an emerging industry, are likely to drive the worldwide allulose industry.

The availability of low-cost substitutes, such as synthetic sugar, may stifle the expansion of the allulose sector. Furthermore, the scarcity of research on the long-term effects of allulose on the human body limits industry expansion. Allulose has the same flavor, texture, and performance as sugar, but with fewer calories, and as a result, many health-conscious consumers are adjusting their preferences toward consuming low-calorie healthful foods. As a result, increased demand for sugar substitutes is expected to fuel industry expansion for allulose throughout the forecast period.

Regular use of high-calorie sugar has a bad impact on health and can lead to obesity or even diabetes. Food imbalance, and the resulting imbalanced energy obtained from such ingested food, increases the risk of heart disease, high blood pressure, stroke, non-alcoholic fatty liver disease, and other health problems. Consumers in the modern day are looking for healthy foods, such as healthy snacks, as a result of a growing emphasis on health and the need to manage total calorie consumption.non-alcoholic fatty liver disease, and other health problems. Consumers in the modern day are looking for healthy foods, such as health snacks, as a result of a growing emphasis on health and the need to manage total calorie consumption.

A low-calorie sweetener has several advantages over a high-calorie sweetener, such as not increasing blood glucose and insulin levels, having good digestive tolerance at approved usage levels, not promoting tooth decay, and others, which is increasing the demand for its use in foods and is well supported for consumption by many dieticians worldwide. The growing global awareness of low-calorie sugar consumption and the benefits associated with such consumption is expected to fuel the expansion of the global allulose industry during the forecast period.

Who is Winning?

To capture a greater industry share, major players in the industry are continually experimenting with different business tactics including collaborations, the launch of new products, mergers, and acquisitions. Matsutani Chemical Industry Co. Ltd., Tate & Lyle, CJ Cheil Jedang, Bonumose LLC, Ingredion Inc., Samyang Corporation, Apura Ingredients, Icon Foods, Heartland Food Products Group, and Anderson Advanced Ingredients are a few of the major allulose industry participants.

Recent Developments in the Allulose Market

Driven by changing the behavior of consumers, market players are focusing on product launches. For instance, in 2020, a leading manufacturer in the United Kingdom, Tate & Lyle, launched two new products called Tasteva M Stevia Sweetener and Dolcia Prima allulose, supporting the purpose of improving lives for generations by offering healthier food and drink choices to their consumers.
In March 2024, Scotty’s Everyday, based in the United States, announced the release of their new Allulose & Monk Fruit Zero Calorie Sugar Replacement into the market. This sweetener blend is a well-known brand in gluten-free, zero-sugar, and no-nut-flour baking mixes, utilized in many products.
It was announced in October 2023 that scientists at the University of California, in collaboration with the Mars Advanced Research Institute had developed a more efficient way of producing allulose, with the effect of lessening production costs.

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Key Segments Covered in the Report

By Form:

Powder Allulose
Liquid Allulose
Crystals Allulose

By End Use:

Food
- Bakery Products
- Confectionery
- Dairy Products
- Sweet Spreads
- Ice Creams and Desserts
Beverages
- Carbonated Beverages
- Fruit Drinks & Juice
- Powdered Drinks and Mixes
Pharmaceuticals
Food Service Providers
Retail/ Households
- Store-based Retailing
- Hypermarkets/ Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Small Groceries
- Online Retailing

By Region:

North America
Latin America
East Asia
South Asia
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.

Contact US:
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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Tilapia Market: Insights into the Global Supply and Demand Dynamics

The tilapia market is anticipated to surpass US$ 14,460.02 million in 2024 and is likely to attain a valuation of US$ 23,015.4 million by 2034. The tilapia market size is projected to expand at a CAGR of 4.80% from 2024 to 2034.

The tilapia industry profits from retail’s digital revolution as e-commerce and online platforms rise. Businesses embracing these platforms reach a larger client audience while providing quick access to fish products. This digital transition increases market awareness, develops direct-to-consumer partnerships, and establishes tilapia as an easily available and favored alternative for customers looking for different fish selections in the online marketplace.

The market dominance of tilapia is enhanced by consumers’ growing attention to nutrition and health. Its high protein content, low-calorie profile, and omega-3 fatty acids suit changing dietary preferences. A growing number of health-conscious consumers are looking for lean protein sources, which is good for business. Positioned as a healthy and nutrient-dense alternative, tilapia cleverly fits in with the current wellness craze, making it a popular option for those looking to adopt a more health-conscious diet.

Companies in the tilapia industry are actively expanding the range of products they provide to meet changing customer demands. Apart from the conventional fresh fillets, the focus is on creating processed and value-added tilapia products. This calculated diversification creates new revenue sources in addition to taking advantage of changing culinary trends. Businesses that are flexible enough to launch a variety of tilapia products will be in a better position to gain and hold onto market share as customer demands for convenience and innovation continue to change.

Key Takeaways from the Tilapia Market Growth

The global tilapia market size expanded at a 4.42% CAGR from 2019 to 2023.
The conventional source segment holds 53.4% of market shares in 2024.
The Nile Tilapia (OEROCHROMIS NILOTICUS) segment captured 75.3% of market shares in 2024.
The market size in the United States is projected to rise at a 10.91% CAGR through 2034.
The market size in Germany is anticipated to develop at an 8.9% CAGR through 2034.
The market size in Japan is estimated to surge at a 6.8% CAGR through 2034.
The market size in India is expected to increase at a 6.2% CAGR through 2034.

Competitive Landscape

The tilapia market is packed with rivals constantly engaging and competing for market share and advantageous placement. With the help of vertically integrated supply chains and economies of scale, global and regional aquaculture companies like Regal Springs, Blue Ridge Aquaculture, and Nireus Aquaculture dominate the market. These market leaders frequently set the standard for industry trends by ensuring constant product quality via the use of cutting-edge technology and environmentally friendly processes.

“Success in the ever-changing tilapia market depends on creativity, sustainability, and regulatory flexibility. Businesses need to adopt sustainable practices, create ground-breaking goods, and quickly adjust to regulation changes. Personalized methods and cooperative efforts are essential to prosper in this changing environment and satisfy a wide range of customer preferences.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Recent Developments

In February 2024, GenoMar introduced a premium tilapia line in Brazil. The GenoMar Genetics group provides tilapia genetics through AquaAmerica, Aquabel, and Genomar. The range was previously accessible in Asia but may now be supplied in Brazil due to the establishment of an innovative breeding facility in Tocantins.
In June 2023, a new tilapia strain was developed in Kenya. Tilapia F8, produced by the Kenya Marine and Fisheries Research Institute (KMFRI) and the Kenya Agriculture Livestock Institute (Kalro), grows rapidly, matures swiftly, and is resistant to fungal and viral infections.

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Tilapia Market Segmentation

By Source:

Organic
Conventional

By Species:

Nile Tilapia (OREOCHROMIS NILOTICUS)
Blue Tilapia (OREOCHROMIS AUREUS)
Mozambique Tilapia (OREOCHROMIS MOSSAMBICUS)
Wami Tilapia (OREOCHROMIS UROLEPIS HORNORIUM)

By Form:

Fresh
- Whole
- Fillet
Processed
- Canned
- Frozen
- Whole

By Sales Channel:

Direct Sales
Retail Sales
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Others

By Application:

Food Industry
Pharmaceutical Industry
Animal Feed
Pet Food
Food Service
Retail

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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Beet Pulp Market: Harnessing Nutritional Benefits for Animal Feed and Human Consumption

The global beet pulp market is expected to be worth $268.30 million in 2022. Changing customer preferences for safer food for livestock will help the market reach a total of US$ 595.3 million by 2033, with a CAGR of 8% from 2023 to 2033.

There are several nutritional advantages to beet pulp for cattle. It helps the many bacteria that live in the horse’s hindgut as beet pulp is a prebiotic. It provides about 1,000 kcals per pound, and thus it can be used to help underweight horses put on weight. Volatile fatty acids, or VFAs, are waste products produced when bacteria digest beet pulp in the hindgut.

These byproducts are ingested and transformed into energy. The amount of glucose or insulin is not increased as a result of this energy, which is gradually released for a more constant supply. Given its high calorie density and beneficial effects on the microbiota, beet pulp is commonly employed as a component in industrial grain concentrates.

North America holds the majority of the worldwide market for beet pulp due to its high production and consumption rates. The adoption of new rules governing employers and manufacturers, together with improvements to health care facilities, will all boost productivity and drive revenues to new heights.

The Asia Pacific region’s beet pulp market is also profitable, and it is expected to develop significantly because to rising demand for active swine feed and dairy feed segments in emerging economies such as India and China. More milk producers are switching from standard bovine feed to a compound feed that is more nutritionally balanced as they realize the full benefits of increased output from nutrient-rich feed, which is driving the market for cow feed to rise fast.

Key Takeaways from the Market Study

The global beet pulp market is expected to be valued at US$ 279 million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 2.4%
From 2023 to 2033, the United States is projected to account for an 88.4% market share.
The Indian beet pulp market to experience a CAGR of 8.1% from 2023 to 2033
By product type, the dried beet pulp was estimated to acquire more than 40% share in 2022.
By livestock, the cow segment acquired a market share of 28%.

“Beet pulp helps livestock maintain their weight, and feeding it is a smart method to supply extra calories without introducing a lot of starch or sugar. Benefits as these will propel the global demand during the forecast period.” remarks an FMI analyst.

Competitive Landscape

Prominent players in the beet pulp market are:

Amalgamated Sugar
Michigan Sugar
Midwest Agri
Tereos
British Sugar
Nordzucker
Ontario Dehy Inc.
American Crystal Sugar
Delta Sugar Company
Nippon Beet Sugar Manufacturing

Some key developments of the leading companies in this market are:

Standlee Smart Beet provides horses with a high calorie fiber source. These beet pulp can be fed to adult horses at a rate ranging from 0.05 to 0.2% of their body weight per day, depending on activity rate. It is advised for underweight animals, performance horses, elderly horses, the horses sensitive to carbs, and pregnant and nursing mares.

More Valuable Insights Available

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

To understand opportunities in the beet pulp market, the market is segmented on the basis of beet pulp by product (wet pulp, pressed pulp, dried pulp, ensiled pulp), livestock (cow, horse, sheep, goat, pig, buffaloes, mules, asses), category (molassed, unmolassed), sales channel (modern trade, specialty store, departmental store, convenience store, online retailers) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Omega-3 Ingredients Market: The Rising Demand for Essential Fatty Acids in Health Products

Omega-3 ingredients are highly sought after because of how well-liked they are among consumers. Omega-3 ingredient sales reached US$ 7.4 billion in in 2023, rising at a CAGR of 10.8% over the projection period. By 2033, the omega-3 ingredients market is anticipated to bring in US$ 20.6 billion.

Market for Omega-3 Ingredients Growing Consistently

Omega-3 ingredients are quickly taking over the dietary supplement food pyramid. Suppliers are developing tactics that emphasise the preventative role of polyunsaturated fatty acids (PUFAs) in reducing the prevalence of chronic diseases, even as the omega-3 ingredients market continues to profit from the increased consumer knowledge.

Remunerative Opportunities for the Manufacturers

The marketing activities of market participants in omega 3 ingredients are being supplemented by several government programmes to encourage proper intake of omega-3 ingredients.

The omega-3 ingredients market’s demand-side developments continue to be positively influenced by suppliers’ continued focus on ensuring a continuous product supply. The Omega-3 ingredients generated from fish oil continue to dominate market sales, making up about 90% of total sales of omega-3 ingredients.

As the vegan movement continues to spread and consequently fuel the demand for vegan supplements, components derived from plants are set to take centre stage.

Suitable Sources Uphold Supply Efficiency Provides the Manufacturer with Potential

The health and wellness trends have already been embraced by consumers in developed countries, and current trends in relevant consumption behaviours have increased. The outlook for the market for omega 3 ingredients in these economies is still positive as public awareness of their health benefits, including the inclusion of PUFAs in a regular diet, increases.

North American Outlook

The omega-3 ingredients market with the largest revenue share was dominated by North America. This is due to the existence of well-known producers of pharmaceuticals based on omega 3. The presence of significant pharmaceutical businesses in this area fuels demand.

The market in North America is anticipated to rise as a result of rising omega-3 intake in the pharmaceutical industry and expanding research and development efforts on the product.

Asia Pacific Outlook

The Asia-Pacific region places unmatched priority on omega-3 in baby nutrition, which has resulted in a huge market for omega-3 ingredients. The Asia-Pacific market is being driven by the rising demand for baby nutrition, which is being backed up by the benefits it offers to pre- and post-natal health.

The capacity of the product to support long-term health along with the growing significance of omega 3 DHA for the development of the baby nervous system, vision, and brain are predicted to propel market expansion for omega-3 ingredients in the next years.

Key Takeaways

Eicosapentaenoic Acid may experience growth in the ingredient category for the omega-3 ingredients market at a CAGR of 10.4% throughout the projection period.
Dietary Supplements may expand in the market’s application category with a CAGR of 9.8% over the forecast period.
The U.S. market is expected to expand at a CAGR of 9.8% and reach US$ 3,7 Bn.
During the anticipated period, the Brazil market is expected to expand at a CAGR of 11.8% and reach US$ 1.1 Bn.
The Chinese market is anticipated to increase at a CAGR of 15% and reach US$ 2.2 Bn during the anticipated time period.
The Japan market for omega-3 ingredient is projected to expand with a CAGR of 9.0% and achieve US$ 1.2 Bn during the forecasted period.
The market in South Korea is anticipated to grow at a CAGR of 9.3% and reach US$ 82.9 Mn over the anticipated timeframe.

Competitive Landscape

The omega-3 ingredients market is dominated by a select group of companies, including Archer Daniels Midland Company, BASF SE, Cargill Inc., Koninklijke DSM N.V., and Corbion NV. The impact of strategic alliances, investments, mergers, and acquisitions can be seen most clearly in the market for omega-3 components.

The deployment of new advertising campaigns by businesses like Koninklijke DSM N.V. and BASF SE is expected to have a substantial impact on the segment growth. Additionally, omega-3 fatty acids are becoming more and more important on a global scale.

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Recent Development

GC Rieber VivoMega, a producer of Omega-3 concentrates, declared in October 2021 that it would be enlarging its production facilities and storage tanks to make room for more components in the following years.
AlgaeCytes Limited declared plans to erect its first industrial facility in Dessau, Saxon-Anhalt, Germany, in May 2021. AlgaeCytes Germany GmbH, a subsidiary of the Company, will own and run the factory.
KD Pharma Group unveiled Alga3, a vegan, sustainable omega-3 supplement, in September 2021. Omega-3 concentrates in a variety of forms can be produced thanks to KD Nutra’s cutting-edge technology and production versatility. As a result, the business can adjust the EPA and DHA ratio to meet the demands of each individual customer, and there is an Alga3 plant-based alternative for any kd-pür fish oil.

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Global Interdental Cleaning Products Market Poised for Steady Growth, Projected to Reach USD 4,568.8 Million by 2033

Interdental Cleaning Products Market.jpg

The Interdental Cleaning Products market is projected to reach an estimated size of USD 2,886.3 million in 2023, fueled by rising global awareness of oral health and increasing dental disorders. The market is expected to expand to USD 4,568.8 million by 2033, with a steady growth rate of 4.7% CAGR.

Market Trends

Increased Adoption of Oral Irrigators: The growing popularity of oral irrigators as effective home care solutions is reshaping consumer habits and preferences in dental hygiene.
Sustainability Focus: A rising consumer demand for eco-friendly and sustainable products is prompting brands to develop greener interdental cleaning options.
Technological Advancements: The integration of smart technology in dental care products, enhancing user experience and convenience, is gaining traction.
Growth in E-commerce Sales: The shift toward online shopping is driving sales of interdental cleaning products, making them more accessible to consumers.
Collaborations with Healthcare Professionals: Partnerships between manufacturers and dental professionals are enhancing product credibility and promoting effective oral hygiene practices.

Opportunities

Expansion in Emerging Markets: Targeting developing regions presents significant growth potential as awareness of oral health increases.
Niche Market Strategies: Focusing on specialized segments, such as products for specific age groups or dental conditions, can help capture untapped consumer bases.
Educational Campaigns: Increasing consumer awareness through targeted education about the benefits of interdental cleaning products can drive demand.
Product Innovation: Continuous development of new and improved products that address unmet consumer needs offers avenues for market differentiation and growth.
Rising Demand for Orthodontic Products: The increasing number of orthodontic patients creates opportunities for tailored interdental cleaning solutions designed for braces and aligners.

Key Developments in the Market

In 2020, Colgate Palmolive launched its latest product, the Colgate Plaqless Pro smart electric toothbrush. The product detects biofilm build-up in interdental spaces and coaches users in real time for effective brushing.
Colgate-Palmolive has invested in new product development, including its “360 Sensitive Pro-Relief” toothbrush, which features ultra-soft bristles for sensitive teeth.
Johnson & Johnson has expanded its product offerings through acquisitions, such as its purchase of the water flosser brand Waterpik in 2019.

Key Players in the Interdental Cleaning Products Industry Include

Trisa AG
TePe Plackers
Colgate-Palmolive Company
DentalPro
M+C Schiffer GmbH
The 3M Company
The Humble Co.
Curaprox
The Procter & Gamble Co.
Johnson & Johnson

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Key Segments

By Product Type:

Interdental Brushes
Toothpicks
Dental Tapes
Dental Floss

By Age Group:

0 to 6 years
7 to 19 years
20 to 40 years
41 to 65 years
Above 65 years

By Price Range:

Mass/Economy
Premium

By Sales Channel:

Wholesalers/Distributors
Online Retailers
Hypermarkets/Supermarkets
Pharmacies/Drug Stores
Specialty Stores
Convenience Stores

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific, excluding China and Japan
Japan
China
Middle East and Africa

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Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pet Dietary Supplements Market: Unlocking the Potential for Healthier Pets

The pet dietary supplement market is predicted to be valued at US$ 4,269.1 million in 2023 and US$ 8,288.4 million by 2033. Over the projection period, the pet dietary supplement market is expected to surge at a CAGR of 7.3%. Pet owners are increasingly seeking tailor-made dietary supplements for their furry companions. Companies utilize advanced technologies and data analytics to create personalized supplement plans catering to each pet’s needs and health conditions.

As the stigma surrounding CBD and hemp products diminishes, these natural alternatives are gaining traction in pet supplements. Pet owners are exploring the potential therapeutic benefits of these substances, leading to a surge in product offerings in this category. An emerging driver is the emphasis on eco-conscious choices in the packaging of pet dietary supplements. Consumers are looking for brands that prioritize sustainable materials and environmentally friendly practices, thus influencing their purchasing decisions.

Companies are increasingly cutting out the intermediary and selling directly to consumers online. This trend simplifies accessibility and allows pet owners to interact directly with brands, fostering trust and loyalty. Veterinarians are playing a pivotal role in educating pet owners about dietary supplements. Their endorsements and recommendations carry significant weight, leading to increased awareness and sales of these products.

Key Takeaways from the Pet Dietary Supplement Market:

The pet dietary supplement market in the United States will likely hold a 24.9% market share in 2023.
The United Kingdom is poised for a 5.0% CAGR by 2033.
China is at the forefront, anticipating an 11.3% CAGR surge by 2033.
The glucosamine segment to hold a market share of 5.20% through 2023.
FMI predicts the joint health segment to hold a market share of 5.90% through 2023.

“The pet dietary supplement market is poised for exponential growth, driven by increasing pet owner awareness of holistic pet health and the demand for premium, natural products.” Says Nandini Roy Choudhury, Client Partner at Future Market Insights

How Key Players are Revolutionizing the Pet Dietary Supplement Market?

Key players drive a transformative revolution in the ever-evolving pet dietary supplement market. These industry leaders recognize the growing demand for pet health and wellness, resulting in a surge of innovation. They invest heavily in research and development, creating products tailored to the specific needs of dogs, cats, and other companion animals. They prioritize natural and organic ingredients, catering to health-conscious pet owners.

E-commerce platforms and personalized subscription services have also streamlined accessibility, making it easier for pet owners to find the right supplement. Combining science, consumer preferences, and accessibility, these key players are revolutionizing the pet dietary supplement market, promoting happier, healthier pets.

Product Portfolio

Nestle SA, a global leader in food and beverage, offers an extensive product portfolio catering to diverse tastes and nutritional needs. From beloved confectioneries to wholesome cereals and infant nutrition, Nestle continues to innovate, ensuring quality and sustainability in every bite.
Mars Incorporated tantalizes taste buds with a stellar product range, including iconic brands like Snickers, M&M’s, and Pedigree. Their commitment to quality and a wide range of treats for humans and pets alike ensures everyone finds a reason to smile.
NOW Foods is dedicated to holistic wellness, providing a comprehensive selection of supplements, essential oils, and natural products. Their products are crafted to support a healthier lifestyle, backed by quality and purity, offering vitality one bottle at a time.

More Insights Available

Future Market Insights offers an unbiased analysis of the pet dietary supplement market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the pet dietary supplement market, the report is segmented on the basis of Product Type (Glucosamine, Probiotics, Multivitamins, Omega-3 fatty acids and Others), Application (Joint Health, Digestive Health, Weight Management, Skin and Coat Health, Dental Care and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Scope of Report:

Attribute	Details
Estimated Market Size in 2023	US$ 4,269.1 million
Projected Market Valuation in 2033	US$ 8,288.4 million
Value-based CAGR 2023 to 2033	7.3	%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value in US$ million
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Key Market Segments Covered	Product Type Application Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic	Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Nestle SA Mars Incorporated NOW Foods Blue Buffalo Co. Ltd. Ark Naturals Virbac	Novotech Nutraceuticals, Inc. Zoetis PetAg, Inc. VetClassics GNC

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Pet Dietary Supplement Market Segmentation:

By Product Type:

Glucosamine
Probiotics
Multivitamins
Omega 3 fatty acids
Others

By Application:

Joint Health
Digestive Health
Weight Management
Skin and Coat Health
Dental Care
Others

By Region:

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

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Lactose Market: Exploring the Demand and Innovations in Dairy-Free Products

As of 2022, the worldwide sales of lactose market was worth US$ 2,312.5 million. The market is anticipated to expand at a CAGR of 6% from 2023 to 2033, reaching a total of approximately US$ 4,169.8 million by 2033 due to the ongoing consumer movement towards lactose products.

This kind of sugar in lactose may benefit diabetics due to its low glycemic index. Lactose makes it easier for the gut flora to be balanced. It encourages the growth of the beneficial gut bacteria lactobacilli and bifidobacteria. Furthermore, it guards against potentially hazardous microorganisms that cause intestinal infections. Thus, these advantages are anticipated to increase the demand for lactose in the upcoming years.

The market’s growth is mostly a result of the rapidly rising demand for lactose in several industries all over the world. As of 2022, for instance, the demand from customers for lactose has increased significantly over the previous 10 years, and the industry as a whole has expanded along with it, particularly in North America as well as Europe. The anticipated total production, with a growing trend, is 510 000 tonnes. Another notable factor that is predicted to have a considerable impact on the lactose market’s growth over the course of the forecast time frame is the pharmaceutical industry’s quick expansion.

It provides the body with a consistent supply of energy because of its sluggish hydrolysis. Additionally, it encourages the formation of beneficial bacteria like bifidobacteria as well as lactobacilli, which helps to a healthy intestinal ecology and the digestion of minerals like magnesium, calcium, and zinc. Because of these improvements, revenues increased over the anticipated period.

Key Takeaways from the Market Study

Global lactose market is expected to be valued at US$ 2,921 million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 3.3%
North America is expected to hold the highest market share, with the United States accounting for 32% of revenue
By end-use type, the pharmaceuticals segment is expected to constitute a 46% market share in 2023.
On the basis of derivative type, the lactulose segment is expected a 26% share in 2023.
From 2023 to 2033, lactose market services are expected to flourish at a CAGR of 6%.

“Owing to the varied benefits of lactose and the demand for powder milk for infant powder is accelerating the demand in the global lactose market.” remarks an FMI analyst.

Competitive Landscape

The key players in this market include BASF SE, Davisco Foods International Inc., Armor Pharma, Hilmar Ingredients, Hoogwegt Group B.V., Kerry Group Plc., Lactose India Limited, Merck & Co. KgAa, Milei GmbH and Ba’emek Advanced Technologies Ltd. among others.

Recent Developments:

The B2B powdered cheese company and its related assets are being purchased by Kerry Group plc from Kraft Heinz for US$ 107.5 million. Kerry anticipates growing its client base, manufacturing capacity, and scale in the snacking market as a consequence of this transaction.
The first-ever electric milk truck in New Zealand, the Milk-E, has been welcomed by Fonterra Co-operative Group Limited. One of several initiatives helping the Co-op’s aspirations to become a sustainability leader via fleet decarbonization is Fonterra’s Milk-E program.

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More Valuable Insights Available

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

To understand opportunities in the lactose market, the market is segmented on the basis of lactose market by form (granule and powder), by end use (food and beverage, pharmaceutical and animal feed), by derivative type (lactose monohydrate, galactose, lactulose, lactitol, other), and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Plant-Based Fish Market: Navigating the Surge in Sustainable Seafood Alternatives

The global plant-based fish market is set to experience remarkable growth, driven by a surge in vegan consumers and rising environmental concerns. According to a recent market analysis, the plant-based fish market, valued at USD 804.6 million in 2023, is anticipated to reach USD 1,271.2 million by 2033, with a compound annual growth rate (CAGR) of 5.8% from 2023 to 2033.

Rising Vegan Population: The global vegan population is expanding rapidly, with more consumers turning to plant-based alternatives for health, ethical, and environmental reasons. This shift is significantly boosting the sales of plant-based fish products.

Health Benefits: Probiotics found in plant-based fish are essential for vertebrate system germination and provide several health benefits when consumed correctly. These include heart health improvement and a reduced risk of cancer, making plant-based fish a favorable choice among health-conscious consumers.

Environmental Concerns: Increasing environmental concerns about overfishing and the depletion of global fish stocks have driven the demand for sustainable seafood alternatives. Plant-based fish products help alleviate pressures on the world’s diminishing fisheries, contributing to their growing popularity.

Market Trends and Opportunities

Technological Advancements: Ongoing advancements in plant-based fish products, including improvements in omega-3 levels, protein content, and digestibility, are creating new opportunities for market growth. Leading food and beverage companies are investing heavily in research and development to enhance the flavor and texture of plant-based fish, making them more appealing to consumers.

Consumer Demand for Sustainable Options: Consumers are increasingly seeking sustainable and environmentally friendly food options. Plant-based fish products, which mimic the taste and texture of traditional seafood without the environmental impact, are well-positioned to meet this demand.

Expansion of Distribution Channels: The growing availability of plant-based fish products in hypermarkets, supermarkets, and online retail platforms is facilitating market expansion. As more consumers gain access to these products, the market is expected to grow significantly.

Regional Insights

North America is predicted to experience significant growth, driven by increased consumer awareness and demand for plant-based seafood alternatives. The region’s market is bolstered by the presence of key market players and substantial investments in product development.

Europe leads the plant-based fish market, with the United Kingdom, Germany, and France being major revenue generators. The region’s market growth is supported by a strong presence of plant-based product offerings in leading food chains and restaurants.

The Asia-Pacific region is expected to witness the fastest growth, fueled by rising environmental concerns and an increasing demand for sustainable food options. The region’s market is anticipated to maintain its dominance due to the growing popularity of plant-based fish products.

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Challenges and Competitive Landscape

High Product Costs: The relatively high price of plant-based fish products compared to animal-based alternatives poses a challenge to market growth. Premium labels such as ‘vegan’ and ‘organic’ contribute to higher prices, limiting affordability for some consumers.

Consumer Preferences: Consumer preference for animal-based products and the relatively new market for plant-based alternatives present challenges. However, companies like Beyond Meat and Impossible Foods are addressing these issues by developing products that closely mimic the taste and texture of traditional seafood.

Competitive Strategies: Key players in the plant-based fish market, including Gardein by Conagra Brands, MorningStar Farms, and Archer Daniels Midland Company, are focusing on new product launches and marketing campaigns to strengthen their market position. These companies are leveraging their strong distribution channels and extensive product portfolios to attract a broad consumer base.

Market Segmentation

By Product Type:

Burger Patty: The burger patty segment is expected to dominate the market due to its versatility and wide range of applications in various dishes.
Fillets
Crumbles & Grounds

By Source:

Soy-based Protein
Wheat-based Protein

By Distribution Channel:

Supermarkets
Convenience Stores
Specialty Food Stores

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Citrus Alcohol Market: Trends and Opportunities in the Growing Beverage Industry

As per the recent market research conducted by FMI, the citrus alcohol market is expected to surge at a CAGR of 7.9%. In 2023, the market size is projected to be US$ 1,272 million. By 2033, the figures are expected to cross US$ 2,276.9 million.

Rapid urbanization has contributed to an increase in disposable income. This has also had an impact on consumption patterns. Citrus alcohol is becoming increasingly popular due to its distinct flavor.

One of the key market drives is that these are good for one’s health. In fact, experts recommend that citrus alcohol be consumed in moderation since it helps to keep the heart healthy. Citrus alcohol also dramatically lowers the risk of cancer. All of these factors are expected to increase sales of citrus alcohol during the forecast period.

Thus, the FMI researchers are of the view that ‘changing consumption patterns, increase in the disposable income, health benefits offered, and lots of other factors are expected to surge the citrus alcohol market share during the forecast period.’

Key Takeaways:

The market is expected to advance at a CAGR of 7.9% from 2023 to 2033.
In 2023, the valuation is expected to be at US$ 1,272 million.
By 2033, the market size is expected to breach the mark of US$ 2,276.9 million.
On the basis of regional analysis, North America is expected to be the largest market.
The United States market is expected to post a CAGR of 4.4%.
The United Kingdom market is projected to record a CAGR of 6.4%.
Spain market is anticipated to register a CAGR of 5.4%.
Germany market is expected to surge at a CAGR of 7%.
China market is projected to advance at a CAGR of 4.7%.
On the basis of product type, the spirit segment is expected to hold the leading market share, and is projected to record a CAGR of 6%.
On the basis of end user, the specialty stores segment is expected to hold the dominant position, and is anticipated to record a CAGR of 7.1%.

Competitive Landscape

The key players operating in the market are investing millions of dollars in mergers and acquisitions. The focus is to increase the market share and serve maximum regions. The manufacturers are also investing on sustainable development programs. Thus, there are a lot of initiatives pertaining to water conservation in particular. The manufacturers are also adopting eco-friendly packaging, which would ensure that no pollution is caused due to land filling. There is also a lot of activity around implementing the latest technology. This would increase the efficiency of the machines, as a result of which the output might increase by more than five times.

Significant developments in the citrus alcohol market:

In December 2022, Carlsberg announced that it would acquire Waterloo brewing and strengthen its position in Canada market.
In December 2022, Encirc and Diageo announced hydrogen powered furnace to change the face of the United Kingdom glass manufacturing industry.

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Citrus Alcohol Market Segmentation

By Product Type:

Beer
Spirits
Wine

By Packaging Type:

Glass Bottles
Tins
Plastic Bottles

By End-User:

Modern Trade
Specialty Stores
Convenience Stores
Commercial
Hotels/Restaurants/Bars
Online Retailers

By Region:

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

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Rising Demand: The United States Survival Tools Market Set to Capture 79.4% of Global Sales

The United States survival tools market is expected to grow during the forecast period, fueled by increased participation in outdoor recreational activities. From 2023 to 2033, the U.S. market is projected to account for 79.4% of the global market.

Americans are prioritizing investments in dependable survival gear to ensure safety during outdoor excursions, especially at beaches, lakes, rivers, and mountains. The rising popularity of group trekking, mountain climbing, and river rafting is also contributing to the growing demand for survival equipment.

The survival tools market is poised for significant expansion, with projections indicating a robust compound annual growth rate (CAGR) of 7.8% from 2023 to 2033. The market is expected to reach a valuation of USD 2,558.1 million by the end of the forecast period, up from USD 1,207.8 million in 2023.

This growth is primarily fueled by an increasing emphasis on safety in outdoor recreational activities, coupled with a rise in accidents and unintentional injuries globally. As people engage more in activities such as hiking, camping, and other outdoor pursuits, the demand for reliable survival tools has surged.

Key Drivers of Market Growth

Increased Outdoor Participation: Post-pandemic, there has been a notable rise in participation in outdoor activities among millennials and Gen Z. Consumers are seeking multipurpose survival kits that cater to their recreational needs, ensuring they are well-prepared for emergencies.
Growing Natural Disaster Frequency: The global increase in natural disasters—including earthquakes, floods, and cyclones—has heightened awareness of the necessity for effective survival equipment. Governments are investing in disaster preparedness, enhancing the availability of survival kits in vulnerable areas.
Safety Regulations in Industry: Industries are adopting stricter safety measures to protect workers, driving the demand for survival tools across sectors such as construction, energy, and mining.

Regional Insights

United States: Dominates the market with 79.4% share, driven by increased outdoor activities and safety awareness.
China: Holds 42.6% market share, fueled by a focus on workplace safety in high-risk industries.
Germany: Accounts for 20.4% of the market, benefiting from tourism and survival gear use in hospitality.
India: Represents 35.5% share, driven by rising safety awareness and government disaster preparedness efforts.
Australia: Captures 53.2% market share, supported by a strong outdoor culture and demand for emergency preparedness.

Key Players

Tender Corporation
Fiskars Group
Coleman Company
Survival Light Products INC
Full Windsor Company
SOG Specialty Knives and Tools, Inc.
Wild and Wolf, Inc.
Ultimate Survival Technologies
Johnson and Johnson International, Inc.
Honeywell International, Inc.
Leatherman Tool Group, Inc.
Frasers Group
L.L. Bean Inc.
Unchartered Supply Company
Sharpal Inc.

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Key Segments

By Product:

Shovels
Ropes
Compasses
Pocket Tools
Hatchets
First Aid Kits

By Material:

Stainless Steel
Aluminum
Wood
Plastic

By Application:

Hiking Activities
Hunting and Fishing
Camping Activities
Other Wilderness Activities

By Sales Channel:

Supermarkets/ Hypermarkets
Multi-brand Stores
Online Retailers
Direct Sales
Specialty Stores

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
The Middle East & Africa

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