Market Research Blog – Page 1144 – New Product Development

Esterified Vitamins Market Projections: Growth Trends, Industry Leaders, and Future Challenges by 2032

The esterified Vitamins Market (Markt für veresterte Vitamine) reached a valuation of USD 35.6 Billion in 2022 and is expected to reach USD 67.9 Billion in 2032, at a 12.3% CAGR during 2022 to 2032.

Esterified vitamins are prepared by converting the phenol group of vitamins into esters by using either acetic acid or succinic acid. Esterified vitamins are more stable and have a better shelf-life, owing to which they can be stored for a longer period as compared to natural forms of vitamins.

Esterified vitamins support healthy immune functioning, help in iron absorption and provide several other health benefits, owing to which they have applications in nutraceuticals and other healthcare industries.

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The Demand for Esterified Vitamins in the Nutraceutical Industry

Consumer consciousness about health and lifestyle is one of the major factors that is likely to boost the market for esterified vitamins. There has been an increase in the dietary supplement market as consumers are adopting new habits with the sole purpose of improving their health.

Consumers prefer to use dietary supplements that provide health benefits and are obtained from plant-based sources. Hence, they are focusing on the development of esterified vitamins that are 100% vegetarian, have antioxidant properties, high absorption, etc., as per the requirements of consumers, and this is likely to boost the esterified vitamins market.

Esterified vitamins have powerful antioxidant properties, owing to which they can help prevent the damage of the body from free radicals. The antioxidant properties of these vitamins also helps improve immunity and reduces the risk of infection.

These benefits of esterified vitamins are expected to attract health-conscious consumers, which is likely to boost the esterified vitamins market. Moreover, esterified vitamins are more effective than conventional vitamins as they have high absorption efficiency and do not cause acidity, which is expected to boost the preference of esterified vitamins among consumers and contribute to market growth.

Global Esterified Vitamins Market: Key Players

Some of the key market players of the esterified vitamins market are Natures Plus, Vitae Naturals, Thompson’s and Natrol Vitamins & Supplements.

Global Esterified Vitamins Market: Key Developments

Research on esterified vitamins to study their absorption and other health effects is the main focus of companies. This research is likely to help increase the applications of esterified vitamins in various industries.

Companies are developing esterified vitamins that are free from preservatives, artificial colours and common allergens, such as milk, yeast, corn, soy, etc., and are trying to innovate products according to the market trends to fulfil the demands of consumers.

Opportunities for Esterified Vitamins Market Participants

Companies in the market are focusing on the development of processes and technologies that are likely to enable the cost-effective production of esterified vitamins.

Educational marketing is likely to increase awareness about the benefits of esterified vitamins among consumers, which is likely to have a positive impact on the esterified vitamins market.

Some of the key data points covered in our report include:

An overview of the Esterified Vitamins market, including background and evolution
Macroeconomic factors affecting the esterified vitamins market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the esterified vitamins market

Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
Analysis of the esterified vitamins market structure, including a tier-wise categorization of key market participants
Competitive landscape of the esterified vitamins market, including detailed profiles of the top players in this market

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on esterified vitamins market segments and geographies.

Full Market Assessment: Comprehensive Report

Key Segments Profiled in the Esterified Vitamins Industry Survey

By End Use:

Pharmaceutical
Nutraceutical
Others

By Distribution Channel:

Online Retail
Supermarkets
Others (e.g. Specialty Stores, etc.)

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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Website: https://www.futuremarketinsights.com
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The Rise of Optical Coatings: Enhancing Semiconductor Performance in a Rapidly Evolving Market

The optical coatings industry is poised for significant growth, with sales expected to expand at a robust compound annual growth rate (CAGR) of 8.8%, ultimately surpassing a valuation of USD 22,598.7 million by 2032. This upward trajectory is driven by the increasing demand for advanced optical technologies across various sectors, including electronics, healthcare, automotive, and telecommunications.

The market for optical coatings is being boosted by rising spending in the defense sector and rising demand for optical coatings from the electronics and semiconductor industries. The market is also anticipated to develop as optical coatings find more uses in the aerospace industry. The AR coatings market section of the optical coatings market commands a sizeable market share in the entire optical coating industry due to its capacity to provide high-quality coatings with a high degree of transmission and low reflection.

Market players are making huge R&D investments to investigate new optical coating applications in aerospace and defence equipment, medical industry, and automotive industry. Additional significant market players are competing for the top spot in the market by developing technology-driven breakthroughs in optical processes. The market for optical coatings is being driven by the quick development of numerous end-use sectors and the expanding popularity of creative designs for eyewear and consumer devices.

“Growing Consumption of Optical Coating coupled with increasing utilization of consumer electronics, lenses & eyewear, optical coating is expected to drive the market during the projected period where as key market player are significantly spending in R&D to explore the optical coating application in multiple end-use industry ,” said an analyst at FMI.

Key Takeaways from Optical Coatings Market Study

Demand for AR coating to witness a growth outlook of around 8.2% over the coming assessment period.
Vacuum deposition to remain key technology of optical coating accounting for around 50% of the volume consumption.
Consumer Electronics and Lenses & Eyewear to remain a key application segment and this industry is expected to grow at a significant rate over the forecast period.
The optical coatings market is being driven by the quickly expanding demand from a variety of end-use sectors and the expanding popularity of stylish designs for eyewear and consumer devices.
The market for optical coatings is expanding because of rising demand from the electronics and semiconductor industries as well as rising spending in the defense industry.

Competitive Landscape

The Global Optical Coatings market is fragmented with the presence of some dominant key market players. These players are holding less than 25% of the market share. Some of the top manufacturers included in the research study are DuPont,Zeiss Group, PPG Industries, Nippon Sheet & Glass, Inrad Optics, EssilorLuxoticca, Optosigma corporation, Hoya Corporation, Brewer Sciences Inc, SDC Technologies, Reynard Corporation, Tian Cheng Optic Co., Ltd., Zygo Corporation, Evaporated Coatings Inc., Deposition Sciences Inc., Helia Photonics, Cascade Optical Corporation, Torr Scientific Ltd., and Precision Opticals are the the manufacturers of optical coating profiled in the full version of the report.

A few major competitors in the optical coatings market are concentrating on growing their coating capacity by building new facilities in strategic market locations. Manufacturers are improving their relationships with end users to provide Optical Coatings through contract manufacturing or through partnerships with OEMs in order to increase their revenue in an effort to further strengthen their global presence. Since the bulk of market participants are situated in the United States, American companies have dominated the optical coatings business.

Also, the focus has been on the expansion of production capacities to meet the growing demand for Optical Coating. For instance,

EssilorLuxottica fully acquired Shamir Optical Industry Ltd., which has a strong presence in ophthalmic lens technology and related products.
Nippon Sheet Glass & Co., Ltd. collaborated with Cohda Design Limited (UK) to create new glass applications
PPG completed the acquisition of Worwag, a manufacturer of coatings for industrial and automotive applications.

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Optical Coating Market Segmentation

By Product Type:

AR coatings
High Reflective Coatings
Transparent Conductive Coatings
Filter Coatings
Beam splitter Coatings
Others

By Technology:

Vacuum Deposition
E-beam Evaporation
Sputtering Process
Ion-Assisted Deposition

By Application:

Consumer Electronics
Lenses & Eyewear
Solar
Automotive
Aerospace & Defense
Others

About Future Market Insights (FMI)

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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Global Coffee Cherry Market Projected to Grow at 8.4% CAGR by 2034, Surpassing USD 1,452.4 Million | FMI

Future Market Insights’ updated study on the coffee cherry market projects demand to incline at a robust 8.4% CAGR from 2024 to 2034. A market valuation of USD 1,452.4 million is estimated by the end of the aforementioned period of assessment. As of 2024, coffee cherry sales are appraised at USD 645.4 million.

The scope for coffee cherry sales is inclining, thanks to dramatically altering weather patterns. Erratic precipitation in coffee producing regions such as the Central and South America are compelling farmers to adapt to alternative cultivation approaches- including the introduction of more resilient crop varieties and deploying shade grown techniques.

In recent years, consumers have gravitated toward consuming specialty or artisanal coffee. Capitalizing on their preference for exotic beverages, numerous coffee and coffee product companies are expanding their revenue prospects in the artisanal domain. Brands such as Intelligentsia, Spirit Animal Coffee, and Adams and Russel have all acquired significant prominence. Attributed to this growing popularity of artisanal coffee, lead analysts at FMI forecast a highly optimistic outlook for the coffee cherry ecosystem in the coming years.

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Key Takeaways from the Market Report

From 2019 to 2023, the coffee cherry market advanced at an 8.3% CAGR.
By form, powdered extract is likely to yield 89.4% of the coffee cherry market revenue in 2024.
Nearly 3 out of 5 coffee cherry products will be marketed via B2C sales channels.
India pivots global coffee cherry market growth, with an anticipated 11.2% CAGR until 2034.
Sales in the United States to incline at an 8.9% CAGR from 2024 to 2034.
Global coffee cherry market to expand twofold in the upcoming forecast period.

“Given its status as a premium and luxury beverage, global coffee consumption is inclining. To address this growing demand, market players are making efforts to expand their coffee offerings, a development which provides significant momentum for the coffee cherry market,” remarks an analyst at FMI.

Competitive Landscape

From capitalizing on consumers’ taste buds to implementing sustainable production practices, prominent coffee cherry manufacturers are deploying a host of expansion strategies. Investing in state-of-the-art manufacturing technology, implementing cost-effective production approaches, and incorporating environmentally friendly business policies are a few tactics relied upon by key players.

Key Developments in the Coffee Cherry Ecosystem

Caribou Coffee announced in March 2024 the completion of its brand licensing transaction with JDE Peet’s. This step will enable Caribou to focus on its core retail coffeehouse businesses while simultaneously allowing Peet’s to expand its premium coffee portfolio in North America.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the coffee cherry market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the coffee cherry market, the market is segmented based on sales channel (B2B and B2C), form (powdered extract and liquid extract), claim (conventional and organic) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).

Detailed Market Breakdown: Comprehensive Full Report

About the Food and Beverage Domain at Future Market Insights

The food and beverage domain at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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Chocolate Couverture Market Expected to Grow at a CAGR of 4% to 5% Through 2032

The Chocolate Couverture Market (Markt für Schokoladenkuvertüre) is witnessing significant growth as the demand for premium chocolate products continues to surge worldwide. Couverture refers to high-quality chocolate with a high cocoa butter content, making it ideal for professional chocolatiers and confectioners. The market is driven by the increasing consumer inclination towards luxury and indulgence, coupled with the rising popularity of artisanal chocolates.

The global market for chocolate couverture is estimated to be close to USD 7.5 billion by the end of 2022. Chocolate Couverture sales are projected to increase at a CAGR of 4% to 5% during the forecast period 2022 to 2032. It is estimated that the increasing use of chocolate coatings in hotels, cafes and restaurants for the production of desserts, chocolate-based beverages, ice cream and others will boost demand in the world market.

Chocolate couverture is processed from the cocoa beans which contains an exceptionally high amount of cocoa butter. The specialty of chocolate couverture is attributed to the crystallization characteristics of cocoa butter. Basically, the processing or tempering of chocolate couverture involves a careful selection of crystals of cocoa butter which are inherently in the stable form and preserving them in the chocolate.

Purists Trend Remolding Chocolate Couverture Market

Lately, a lot of focus is being laid on the provenance of the chocolate products. Hence, chocolate couverture from single-origin such as Ghana and Côte d’Ivoire have gained traction in the chocolate couverture market. Industrial chocolate couverture manufacturers are focusing on strengthening their trade relations with major cocoa producing countries.

The demand from the foodservice sector who are increasingly featuring gourmet and pure chocolate based cuisines is also expected to drive the demand for chocolate couverture. Chocolate couverture decorations have become an essential part of the chefs’ aisle to attract consumers. Chocolate and confection manufacturers are increasingly emboldening the purity of dark chocolate as a part of their branding strategy which has led to a rise in demand for chocolate couverture as opposed to traditional chocolates.

The rise in personalized and theme-based chocolate confection has also paved a way for the growth of the chocolate couverture market. For instance, there has been an increase in demand for 3D printed chocolates which requires a very highs quality chocolate couverture. On the other hand, consumer pull towards health consciousness has caused many consumers to cut down chocolate confection products which may hinder the growth of the chocolate couverture market. This trend has also led to stagnancy in the overall chocolate market.

Chocolate Couverture Market: Regional Analysis

Chocolate couverture manufacturers are focusing on expanding their presence in Asia, especially in regions such as ASEAN and India. Asian consumers’ growing focus on premium and high-quality chocolate coupled with their rising disposable income pave way for Asia to become the next powerhouse in the chocolate couverture market. In Eastern Europe, the chocolate couverture consumption is on the rise in regions such as Turkey and Poland. Turkish confectionery products have witnessed a significant growth in the confectionery market. Asia and Eastern Europe have also witnessed a rise in the number of artisanal chocolatiers, leading to an increase in demand for chocolate couverture.

Chocolate Couverture Market: Key Participants

Some of the market participants in the chocolate couverture market are:

Barry Calbaut AG
The Margaret River Fudge Factory
Struben Couverture Chocolate Factory
Cocoa Processing Company Limited (CPC)
Von Geusau
Chocolats Marionnettes
Fardoulis Chocolates
Max Felchlin AG
ICAM
Chocolate Trading Company Ltd

The research report presents a comprehensive assessment of the Chocolate Couverture market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.

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Chocolate Couverture Market Segmentation

The chocolate couverture market is segmented into type, nature, and end use and sales channel.

On the basis of form, the chocolate couverture market is segmented into-

Buttons/discs
Slabs
Blocks

On the basis of type, the chocolate couverture market is segmented into-

Dark
Milk

On the basis of nature, the chocolate couverture market is segmented into-

Organic
Conventional

On the basis of end use, the chocolate couverture market is segmented into-

Industrial/Food and Beverage Processing
Baked Goods
Confectioneries
Chocolate Confectioneries
Sugar Confectioneries
Ice Cream and Frozen Desserts
Beverages
Bakeries and Pastry Shops
Confectionery Shops
Restaurants and Hotels
Household (Retail)

On the basis of sales channel, the chocolate couverture market is segmented into-

Direct Sales/B2B
Indirect Sales/B2C
Intermediate/Bulk Distributors
Brick & Mortar Retailers
Online Retailers

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Emerging Trends in Microwave Absorbing Materials: Innovations Shaping the Future of Telecommunication Equipment

The global microwave absorbing material market is on a promising trajectory, projected to reach a valuation of approximately USD 382.7 million by 2024. This upward trend is expected to continue, with forecasts indicating substantial growth that could see the market expand to around USD 707.1 million by 2034. This anticipated growth reflects a robust compound annual growth rate (CAGR) of 6.3% throughout the forecast period. The rising demand for advanced materials in various applications, including telecommunications, defense, and electronics, is driving innovation and development within this sector. As industries increasingly prioritize efficiency and performance, microwave absorbing materials are becoming integral to minimizing signal interference and enhancing device functionality, thereby positioning the market for sustained expansion in the coming years.

There is a growing preference for eco-friendly materials in various industries, with increasing awareness of environmental sustainability. Market players are focusing on developing microwave absorbing materials using sustainable and recyclable resources, aligning with environmental regulations and consumer preferences.

There is a rising demand for customized and tailored microwave absorbing materials, as end users seek specialized solutions to meet specific application requirements. Companies offering bespoke solutions and collaboration opportunities with end users to develop application specific materials are well positioned to capitalize on this trend.

There is a growing demand for advanced packaging solutions that offer electromagnetic shielding and thermal management capabilities. Microwave absorbing materials are incorporated into electronic packaging to enhance performance and reliability, presenting opportunities for market growth.

The proliferation of IoT devices and smart technologies in homes, offices, and industrial settings necessitates effective electromagnetic compatibility solutions. Microwave absorbing materials are integral to ensuring EMC compliance and minimizing interference in IoT and smart devices, driving market demand. The development and commercialization of autonomous vehicles rely heavily on advanced sensor technologies, radar systems, and communication networks.

Key Takeaways from the Market Study

The global microwave absorbing material market was valued at US$ 363.1 million in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 4.1%.
The market in India to expand at a CAGR of 9.4% through 2034.
By type, the microwave absorbing films and elastomers segment to account for a share of 29.7% in 2024.
The market in China will expand at a CAGR of 7.1% through 2034.
In terms of application, the military and defense segment to account for a share of 37.2% in 2024.

“Microwave absorbing materials are utilized to optimize the performance of sensors and radar systems by reducing interference and enhancing signal detection capabilities, driving demand in the automotive sector,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the microwave absorbing material market are Lairdtech, ESCO Technologies Corporation, ARC Technologies Inc., Western Rubber & Supply Inc., Cuming Microwave, Mast Technologies, Thorndike Corporation, Parker Hannifin Corp., Panashield, and Modus Advanced Inc., among others.

Company Portfolio

ARC Technologies Inc. specializes in the design and manufacturing of microwave absorbing materials and electromagnetic interference solutions. The company offers a comprehensive portfolio of radar absorbing materials, EMI shielding products, and custom engineered solutions for defense, aerospace, automotive, and telecommunications industries.
Western Rubber & Supply Inc. is a provider of custom-engineered rubber and elastomer solutions for various industries including aerospace, defense, and electronics. The company offers rubber based materials with electromagnetic absorbing properties for specific applications within these industries.

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More Valuable Insights Available

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

To understand opportunities in the microwave absorbing material market, the market is segmented on the basis of type (microwave absorbing films and elastomers, microwave absorbing foams, military specialty, custom magnetic microwave absorbers, molded, cast liquids and coatings based microwave absorbing materials), and application (military and defense, automation, electronics and telecommunications, chemicals, textiles, healthcare), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa).

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Fava Bean Protein Market Projected to Grow at 4.2% CAGR, Expected to Reach USD 85.69 Billion by 2032

The Fava Bean Protein Market is experiencing significant growth as consumer demand for plant-based protein alternatives surges worldwide. Fava beans, also known as broad beans, are rich in essential nutrients and offer numerous health benefits, attracting health-conscious consumers and vegans alike. The market is witnessing an influx of innovative products such as fava bean protein isolates, concentrates, and protein-enriched snacks, catering to various dietary preferences and applications.

The market for fava bean protein is anticipated to grow at a CAGR of 4.2% throughout the forecast period, rising from US$ 56.79 billion in 2022 to US$ 85.69 billion by 2032.

Furthermore, consumer demand is shifting from food products with protein to those with high-quality proteins. This is contributing to the adoption of novel products such as fava bean protein, in the vegan food industry.

Fava beans, historically, witnessed limited demand in the animal feed additives industry, mainly due to the presence of anti-nutritional factors (ANFs) such as vicine and convicine (VC), glycosides, and tannins. However, recent advancements in plant breeding techniques have enabled scientists to reduce the amount of ANFs in fava beans and extract high-quality fava bean protein.

Today, the demand for fava bean proteins as meat substitutes has increased not only in the animal nutrition industry but also in the commercial food & beverage applications. Food manufacturers are increasing the adoption of botanical ingredients in the manufacturing of plant-based proteins and other ingredients. The changing consumer perception about vegetarian ingredients is mainly attributed for this.

Boosting Extraction of Fava Bean Protein Concentrates to Improve Quality

Fava beans are being preferred by manufacturers over other plant-based protein sources such as soy protein ingredients and pea protein, due to their low cost, high protein content, and less allergenicity. Furthermore, while pea proteins and wheat proteins have a significant share in the vegetable- or plant-based protein market, manufacturers are focusing on diversifying their protein portfolio by resorting to innovative sources. This is expected to encouraging plant protein manufacturers to enter the fava bean protein landscape in the coming years.

Growing need for high-quality plant-based proteins is boosting the utilization of novel protein sources such as fava beans, in the extraction of protein concentrates. Processing, nutritional, and specialty needs of consumers are dictating the upcoming strategies of manufacturers and other stakeholders in the fava bean protein landscape. Taking into consideration the consumer inclination towards pulses as a healthier choice of plant-based protein source, market players are adopting innovative methods of extracting fava bean protein concentrates.

Furthermore, growing awareness about the health benefits of fava bean is expected to bolster extraction of fava bean protein concentrates. Innovation in fava bean protein powders in terms of their texture, nutrition, and savory profile is expected to emerge as a popular trend in the market. In the coming years, a mounting number of market players are expected to introduce textured fava bean protein to add more propositions to their product portfolio and explore more profitable sales possibilities in the food & beverage industry.

Competition Getting Intense in the Fava Bean Protein Landscape

Leading players in the fruit & vegetable ingredients industry and plant-based proteins market are noticing the increasing popularity of fava bean protein as a high-demand ingredients in various food applications. Recognizing that the consumption of plant-based proteins is no longer limited to vegan consumers, a mounting number of ingredient manufacturers are expanding their presence in the fava bean proteins landscape.

In November 2019, Vestkorn – a leading European producer of ingredients from peas and beans – announced that it has launched its new products including textured pea protein and textured fava bean protein. The company also announced that the textured fava bean proteins are manufactured by processing dry, extracted fava bean without using any chemicals, which makes its new products sustainable.

In July 2019, Australian Plant Proteins (APP) – a leading Australian manufacturer of plant-based protein powders – announced that Scalzo Foods – a Melbourne-based food manufacturing company – finalized its investment in APP’s commercial plant protein-extraction facility at Horsham in Victoria’s Wimmera region. The company also declared that its initial focus for commercial manufacturing will be on faba beans and the plant is estimated to use around 20 kilo tons of fava beans every year, as at least 4.5 kilograms of fava beans are required to produce 1kg of fava bean protein powder.

In November 2018, Puris – a U.S.-based, family-owned food company – announced that it has introduced PURIS fava bean protein while accelerating the production of its non-GMO and organic plant proteins with the completion of a newly expanded second spray dryer. The company declared that the Puris fava bean protein will enter markets in 2019, and it can be used as a plant-based ingredient in a wide range of food applications including dry beverage bars and blends and plant-based alternatives to meat.

With a mounting number of new entrants and leading manufacturers in the fava bean protein landscape, the competitive environment is expected to get more intense with time. Manufacturers are likely to scale up their production while bolstering research & development to boost innovation, in order to gain competitive advantages in the fava bean protein market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, China ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Frequently Asked Questions

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Website: https://www.futuremarketinsights.com
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Meal Replacement Bars Market Set for Dynamic Growth: Projected to Achieve USD 25.6 Billion by 2032 with an 8.05% CAGR

The meal replacement bars market (Markt für Mahlzeitenersatzriegel) is expected to witness growth at a CAGR of 8.05% and reach a valuation of USD 25.6 Billion by 2032, as per Future Market Insights (FMI). Preference for low-fat, low-calorie snacks that are healthier than conventional snacks is improving the growth.

Meal replacement bars are simple and typically healthier option for a short on-the-go meal or immediate consumption. The meal replacement bars market is driven by the availability of various types and tastes. As a result, these bars are becoming increasingly popular, particularly among the working class and younger generation.

Further, key players are emphasizing packaging and labelling as consumers analyze ingredients before purchasing products. Brands that are transparent about the components in the product are expected to gain consumer preference.

They are also investing in research and developmental activities to launch new product variants with multi-functional properties. Consumers are increasingly looking out for organic products to reduce the risk of blood pressure, obesity, and heart-related ailments. Meal replacement bars is available in variants like low-fat, low-calorie, and low-cholesterol as a result demand for this product is expected to rise shortly.

Shift in preference for healthy lifestyle and willingness to spend on products to maintain fitness and immunity against foreign pathogens is expected to boost the demand for meal replacement bars.

Regionally, Asia Pacific market is expected to be a promising market for consumers due to rising awareness about inclusion of nutritious food products and investments in research and developmental activities by regional players.

Key Takeaways from Market Study

North America meal replacement bars market is expected to increase at CAGR of 7.6% through 2032.
Sales of meal replacement bars in Europe are expected to surge at 7.3% CAGR between 2022 and 2032
Market share of Latin America and Oceania in meal replacement bars market is 6.5% and 6.3%, respectively, in 2022.
By function, weight loss management is expected to hold 60% of the global meal replacement bars market share and is expected to increase at a CAGR of 7.2%.

“With rising shift towards plant-based, sugar-free products that are beneficial for health, key brands are focusing on developing new flavours and product variants to stand out in the competition” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of meal replacement bars are majorly focusing on research & development to offer different flavors of products. Customization is expected to contribute maximum revenue generation through sale of meal replacement bars.

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Future Market Insights, in its new report, offers an impartial analysis of the global meal replacement bars market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Meal Replacement Bars Market by Category

By Product Type:

Nut-Free Bars
Gluten-Free Bars
Plant-based Bars
Organic Bars

By Function:

Curb Appetite
Muscle Repair
Fuel Workout

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

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Frequently Asked Questions

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Older Adults Health Supplements Market for Seniors Poised for USD 314.2 Billion Growth by 2034 Thanks to Scientific Advances

According to Future Market Insights (FMI), the worldwide Older Adults Health Supplements market is valued at USD 182.6 billion in 2024 and it is anticipated to reach USD 314.2 billion by 2034. Over the next decade, global Older Adults Health Supplements demand is likely to increase at a CAGR of 5.6%.

The frequency of chronic diseases among older adults, including arthritis, osteoporosis, cardiovascular diseases, and cognitive decline, is driving the growing demand for health supplements made for their needs. Omega-3 fatty acids, glucosamine, calcium, and vitamins D and B12 are frequently utilized to manage or prevent these conditions.

Sales of Older Adults Health Supplements have exhibited a spike over the past few years, driven by shifting consumer preferences and technological advancements related to personality development. More consumers are seeking natural and organic ingredients that have been sustainably procured to manufacture supplements. Supplements that are free from synthetic additives and preservatives have been gaining widespread popularity across regions.

Innovative marketing strategies employed by key older adults health supplements companies are expected to boost the market during the next ten years.

By highlighting the specific health benefits and quality-of-life improvements offered by these products, companies are capturing the attention and trust of older consumers. This targeted approach promotes more awareness and acceptance of health supplements within the older demographic, resulting in heightened demand and increased sales.

For instance,

Herbalife created a calming tea and new immunological fundamentals, such as EpiCor, in October 2019 to meet the need for nutritional supplements in the North American market. This would increase the company’s sales of health products for senior citizens.
Abbott Laboratories launched food supplements with a strawberry flavor in India, that will increase demand for dietary supplements for older individuals by enhancing the company’s portfolio.

Key Takeaways from the Older Adults Health Supplements Report:

The global Older Adults Health Supplements market is expected to reach a valuation of USD 314.2 billion by 2034.
Global demand for Older Adults Health Supplements is likely to soar at 5.6% CAGR over the forecast period.
North America is projected to hold a dominant value share of 31.2% in the global market by 2034.
Germany market is estimated to witness a value CAGR of 4.7% during the projection period.

“The older adults health supplement market is experiencing significant growth driven by an aging population, increased health awareness, and advancements in nutritional science. The demand is further fueled by government support for preventive healthcare and effective marketing strategies targeting older adults. Innovations in product formulations and flavors, alongside convenient sales channels, are making supplements more accessible and appealing, solidifying their role in maintaining the health and well-being of the elderly population.”– says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Bayer AG, Pharma Nord Inc., Epax Norway AS, Validus Pharmaceuticals, Lexicare Pharma Private Limited, Biocare Copenhagen A/S, Bright Food (Group) Co., Ltd, Otsuka Pharmaceutical Co.,Ltd., Healthy Life Pharma Private Limited, SNU Biocare, Saipro Biotech Private Limited., V.R.Industries Pvt. Ltd, Nutra Healthcare, and Nestle (Nutren) are key Older Adults Health Supplements manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

In November 2023, Amway made a USD 200 million commitment to establish a center for nutritional supplement innovation in China. This facilitated the delivery of customized options and the overall growth of the company.

Extensive Market Research: Complete Report and Findings

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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Older Adults Health Supplements market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the Older Adults Health Supplements market based on Nature (organic and conventional), Form (pills, powders, liquids, and energy bars), Flavor (Orange, Lemon, Cherry, Raspberry, Chocolate, Strawberry), Sales Channel (B2C, stores based retailing, grocery retailers, modern grocery retailers, hyper markets, super markets, and online retailing) across various regions.

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Lactic Acid Market Overview: Key Raw Materials, Applications, and Leading Industry Participants for 2032

Lactic Acid Market (Milchsäuremarkt) is expected to reach USD 6.76 Billion in 2032, likely to surge at a vigorous 8% CAGR during the forecast period of 2022 to 2032. Lactic acid forms an important industrial product, which is used in the formation of various small or large compounds. Lactic acid is formed through the breakdown of glucose and its oxidation. Lactic acid can be processed both naturally and synthetically.

The naturally obtained lactic acid is formed by the fermentation process through bacterial reaction, the prominent bacteria involved in the process are lactobacillus, bifidobacterium, pediococcus among others. Moreover, lactic acid is also naturally present in the human body and obtained from glycogen through muscle cells to support energy production when the oxygen supply is inadequate in the body.

However, chemically lactic acid is derived through the hydrolysis of lacto nitrile. Lactic acid finds extensive application in food industry as it helps to regulate microflora in the food and act as food preservatives. It is formed by the natural fermentation process in food products such as cheese, soy sauce, and pickled vegetables among others.

Apart from the food industry, it is widely used in the pharmaceutical and chemical industry. The polymers of lactic acid are widely used as labeling and packaging material as they are biodegradable and biocompatible in nature, they are being used in the manufacturing of sutures, drugs, and prosthetic devices.

Global Lactic Acid Market: Drivers and Restraints

The widespread applicability of lactic acid across various sectors is driving the demand for the lactic acid market. Lactic acid possesses various peculiar characteristics, which has different roles to be played in various food segments. .

In meat poultry and fish products lactic acid helps to prolong their shelf life along with preventing the growth of pathogenic bacteria. In pickled vegetables and salad dressings, lactic acid helps to prevent their spoilage and enhances the product safety, whereas in dairy products certain bacteria breakdown the sugar of milk into lactic acid which provides a creamy texture and savoury flavour to the products such as yogurt whose flavour and texture is dependent upon the presence of lactic acid.

Hence broad spectrum of applicability in food industry is spurring the growth of lactic acid market. Owing to antimicrobial, moisturizing property of lactic acid, it has a revitalising effect on the skin. Hence, is gaining popularity among cosmetics manufacturers.

In other non-food application lactic acid is available as myriad which is extensively used in various industrial applications such as pharmaceuticals, chemical and textile industry Thereby, propelling the growth of lactic acid market.

The major challenge faced by the lactic acid market is to fermentation process of the lactic acid which requires technological optimization and product purification. Moreover, this biotechnological production requires optimization of nutrients thus, leading to high manufacturing cost. Thereby, restraining the growth of lactic acid market.

Global Lactic Acid Market: Key Players

Some of the prominent players identified in the global lactic acid market includes:

NatureWorks LLC
Corbion
Galactic s.a.
Archer Daniels Midland Company

Musashino Chemical (China) Co.,Ltd.
Palsgaard A/S
Henan Jindan Lactic Acid Technology Co., Ltd
Sigma-Aldrich Co. LLC.
Futerro

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

Global Lactic Acid Market by Segmentation

By Raw Material:

Corn
Sugarcane
Cassava
Other Crops

By Application:

Industrial
Food & Beverages
Pharmaceuticals
Personal Care
Polylactic Acid (PLA)
Others

By Region:

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

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Frequently Asked Questions

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Algal Protein Market Expected to Reach USD 1.77 Billion by 2033, Powered by 9% CAGR Growth Rate | FMI

Algal Protein Market

In 2022, the algal protein market (Markt für Algenproteine) was expected to be worth over USD 703.891 million. It is predicted that a shift in consumer preferences away from animal-based proteins and toward plant-based alternatives would increase the market for algal protein. By 2033, it’s expected to have generated USD 1,772.7 million, at a 9% CAGR from 2023 to 2033.

The capacity of microalgae protein to strengthen the immune system while improving nutritional intake, among other health benefits, may raise demand for the supplement in the nutraceutical industry. Consumers’ active quest for plant-based dietary supplements to increase intrinsic strength may have fueled the market’s rise.

Algal protein can be utilized to treat a wide range of conditions, including attention deficit-hyperactivity disorder (ADHD), premenstrual heart disease, diabetes, as well as many others. It also helps people lose weight. The product’s higher nutritional content, positive impact on the body’s defenses, as well as other health benefits, are driving up global demand for it. The tastes of consumers for plant-based as well as other meat alternatives have shifted as a result of growing sustainability concerns, like the production of meat’s increased greenhouse gas emissions and loss of biodiversity. This might lead to market expansion.

The protein level in processed beverages, food, and nutraceutical goods is always being sought after by manufacturers. The natural sources for protein which provide the maximum total protein are chlorella as well as spirulina algae. Manufacturers of nutraceuticals products, food & beverages, and pet food are including algae into their products increasingly regularly. It is anticipated that demand for the substance would rise over the following years as a result of algae being a viable source of protein.

Key Takeaways from the Market Study

According to estimates, the market for algal protein reached US$ 624.2 million in 2018.
The market for algal protein saw a 3.0% CAGR from 2018 to 2022.
By accounting for nearly 62% of the market’s overall revenue in 2022, spirulina held the majority of the market in the type sector.
In 2022, dietary supplements accounted for almost 48.3% of total sales.
According to estimates, the United States market for algal protein will have a 26.9% market share in 2022.
Through 2033, a 10.3% CAGR is predicted for the Chinese algal protein market.
On the other side, it is anticipated that the Indian market would grow at a 12.5% CAGR between 2023 and 2033.

“The global market for algal protein is anticipated to expand over the course of the forecast period as a result of factors such as the growing vegan population, higher product usage in food and beverage applications, and growing public awareness of the benefits of leading a healthy lifestyle,” remarks an FMI analyst.

Competitive Landscape

Leading companies want to get an advantage in the fiercely competitive market by introducing new items and increasing their manufacturing capacity. The global algal protein market is fiercely competitive due to the large number of players there. The top firms are focusing on capacity increases, partnerships, mergers and acquisitions, along with new product developments in a variety of end-user industries like animal feed, food and beverage and cosmetics.

Prominent players in the algal protein market are:

Far East Microalgae Industries, Co., Ltd.
Bio-engineering Co., Ltd.
Tianjin Norland Biotech Co., Ltd.
Prolgae, NB Laboratories
Cyanotech Corporation, C.B.N.
Gong Bih Enterprise Co., Ltd.
Taiwan Chlorella Manufacturing Company Ltd
Algenol Biotech
Fuqing King Dnarmsa Spirulina Co., Ltd.
Sun Chlorella Corporation.

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

Tofurky, a manufacturer of plant-based meat, partnered with Triton Algae inventions in 2021 to market “algae-based meat developments” that use Triton’s “essential red” non-GMO, high in protein algae.
Duplaco BV invested in March 2020 to raise output by 20 times using cutting-edge technology and a cutting-edge research & development facility.
Unilever and biotech startup Algenuity established a new relationship in 2020 to explore the enormous potential microalgae offer to inventing future foods for Unilever’s range of plant-based products.

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

To understand opportunities in the algal protein market, the market is segmented on the basis of product form (powder, liquid) by product source (marine algae, fresh water algae), by type (spirulina, chlorella), by application (dietary supplements, food & beverage, animal feed, cosmetics, others) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

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