Market Research Blog – Page 1155 – New Product Development

Global Organic Milk Powder Market Set to Grow at 5.4% CAGR by 2032 Amid Rising Demand for Organic Products: FMI Report

The global organic milk powder market will grow at a CAGR of 5.4% during the forecast period, predicts Future Market Insights. As a result, it is predicted that the market for organic milk powder will increase from USD 2.3 billion in 2022 to USD 3.9 billion by 2032.

The various types of organic milk powder comprise skimmed milk, whole milk, and buttermilk and whey. Among these, the whole milk segment is predicted to hold the dominant share of 53.6% by 2017 and is projected to rise at an impressive CAGR of 5.8% during the forecast period. The dominance of the segment is attributed mainly to the extensive demand for these for a variety of applications, including chocolates.

The various regions for the market for organic milk powder are North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA). Of these, North America is expected to the most attractive market, fueled by the prominent presence of certified organic dairy farmers.

Vast Nutritional Benefits to Fortify Demand

The demand for organic milk powder among health-conscious populations in various parts of the world is attributed primarily to the recognition of a number of benefits they have, such as high-shelf life, assured quality, and nutritional benefits, notably the presence of mega 3 fatty acids. The rising preference of organic milk powder over ordinary milk among people of various age is driven by these health benefits. The growing demand for non-GMO and gluten free ingredients in packaged milk products is a key factor bolstering the demand for organic milk powders.

The growing demand for wholesome foods among families in various countries to act as a nutritional supplement to health drinks is a crucial factor expected to boost the market. The growing number of certified organic dairy farmers in developing and developed countries is a crucial trend expected to accentuate the market in the coming years. The marked consolidation of organic dairy industry, notably in North America, is a prominent trend expected to bode well for the overall organic milk powder market. This has led to a rise in imports volume, especially in the U.S.

Rising Number of Certified Organic Dairy Farmers Unlock Exciting Opportunities

The rising popularity of organic products in various developing and developed regions is expected to stoke the demand for organic milk powder market. However, the notable disparity in the supply and demand of organic milk powder in major regions, is a key factor likely to hinder the growth of the organic milk powder market to an extent. The insufficient supply of organic milk powder can be attributed to the paucity of modern dairy firms, stringent regulatory norms in developed nations to set up organic diary firms, marked transition period for conventional firms to turn into organic firms.

Nevertheless, the rising number of certified organic dairy farmers and recent advancements made in organic farming are key factors anticipated to accentuate the market over the forecast period. The introduction of products with advanced formulations also bodes well for the global organic milk powder market.

Key players :

Some of the leading players operating in the market include Nestlé SA, Prolactal GmbH, B. Engelhardt & Co AB, Holle babyfood GmbH, Bellamy’s Organic, Ingredia SA, Organic Valley, Aurora Foods Dairy Corp., HiPP GmbH & Co. Vertrieb KG, and Fonterra Co-operative Group, notes Future Market Insights (FMI). A number of players are focused on making constant product launches in order to consolidate their shares in various regions.

Complete Market Review: A Full Report Analysis

Key Segments Covered

By Type:

Skimmed Milk
Whole Milk
Buttermilk & Whey

By Sales:

Direct Sales
Indirect Sales
Modern Trade
Convenience Stores
Online Retailers
Others

By End-Use:

Food
Dairy
Bakery
Confectionery
Beverages
Dietary Supplements
Cosmetics & Personal Care

By Region:

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
Africa
Middle East

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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

Organic Beef Industry on Track for 6.8% CAGR, Set to Hit USD 22.89 Billion by 2033: FMI Analysis

In the symphony of sustainable and health-conscious eating, the organic beef market (Mercado de carne de res orgánica) is poised to expand at a CAGR of 6.8% from 2023 to 2033. This crescendo of growth finds its roots in a harmonious interplay of factors propelling the demand for organic beef. Foremost among them is the escalating desire among consumers for protein-rich and wholesome sustenance. As discerning individuals increasingly prioritize their well-being, the allure of organic beef’s grass-fed, antibiotic, and hormone-free production proves irresistible.

Key Takeaways from the Organic Beef Market:

North America is the biggest area with a 35% share of the global market. This demonstrates how important the economies of the United States and Canada are to the area.

Europe accounts for a sizeable 28% of the market, with Germany emerging as the top individual contributor with a 5% share. This market distribution demonstrates the strength of the European Union’s economy.

With a 20% market share worldwide, the United States alone has tremendous power. This demonstrates the strength and significance of the American economy on a worldwide scale.

China and India dominate Asia Pacific, which holds a significant combined share of 15%. China is a significant economic powerhouse, representing 10% of the world market.

Despite being a smaller nation than China and India, Japan holds a respectable 4% of the worldwide market. Further demonstrating their economic importance, Australia and the United Kingdom contribute 2% to the global market.

“Our research underscores the rising consumer demand for organic beef due to health and sustainability concerns. Organic beef is gaining traction for its perceived health benefits and eco-friendly production methods, indicating a promising future for this market driven by conscientious consumer choices.” Says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Competition in the organic beef culinary world is intense, with a range of tempos from moderate to high. This battle is expected to persist due to various factors favoring the sector’s expansion, including a surge in demand and the enthusiastic entry of new businesses, all contributing to an increasingly competitive environment.

Organic Prairie

The leading supplier of organic meat, chicken, and pork is Organic Prairie. The business is headquartered in Minnesota and was established in 1985. The brand Organic Prairie is well-known and sells various organic beef products.

Niman Ranch

Organic meat sold under the Niman Ranch brand is well-known. The business is headquartered in California and was established in 1973. Steaks, ground beef, and burgers are just a few organic beef items from Niman Ranch.

US Wellness Meats

A well-known manufacturer of grass-fed beef. The business is headquartered in Colorado and was established in 2006. Steaks, ground beef, and hamburgers are just a few grass-fed beef products from US Wellness Meats.

Verde Farms

Verde Farms produces chicken, lamb, and beef that are all organic. The business is headquartered in California and was established in 2004. Steaks, ground beef, and hamburgers are just a few of the organic beef items available at Verde Farms.

Key Companies Profiled are

Australian Organic Meats Group Pty Ltd
River Ford Organic Farmers
Danish Crown
Blackwood Valley Beef
JBS Global
Eversfield Organic Ltd
Neat Meat Company
Swillington Organic Farm Arcadian Organic Meat Co.
Organic Prairie
Tyson Foods Inc.
Verde Farms
OBE Organic
Perdue Farms

Key Developments

Symphony of Demand and Supply: The organic beef market resonates with a harmonious blend of increasing demand and growing supply. Driven by rising awareness of organic food benefits, changing consumer preferences, and higher affluence levels, the demand for organic beef continues to soar. Simultaneously, organic farming operations’ expansion and technological advancements facilitate a steady increase in organic beef supply, striking a melodious chord of equilibrium.

Diverse Melodies of Innovation: The organic beef market boasts a rich tapestry of innovation, where new product development takes center stage. A symphony of delectable new cuts, tantalizing flavors, and convenient offerings elevates the culinary experience for consumers. Embracing change and adaptation, the market’s orchestration of novelty entices consumers with an ever-evolving ensemble of organic beef offerings.

Detailed Market Breakdown: Comprehensive Full Report

Organic Beef Market by Category

By Product Type:

Processed Meat
Fresh Meat

By Sales Channel:

Direct Sales
Indirect Sales

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, USA and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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

Contact Us:       

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

Chia Seed Market Poised for Growth: Projected 7% CAGR to Boost Revenue to USD 390.3 Million by 2033

By the end of 2022, the net worth of total chia seeds sold globally was estimated to be US$ 195.3 million. In the current year, 2023, the sales of chia seeds, in terms of value, are expected to be worth around USD 203 million. FMI further projects the overall market to record a CAGR of 7% from 2023 to 2033. By experiencing this promising growth, the global chia seed market size is projected to reach a valuation of USD 390.3 million by 2033.

Growing consumer demand for gluten-free food items and improving recognition of chia seeds for their health advantages are the key reasons propelling sales. Moreover, the increased use of chia seeds as a source of omega-3 in animal feed is also regarded to have boosted the market.

Under their bland flavor, chia seeds may be added to packaged meals and functional foods. Chia seeds’ high fiber content makes it possible to use them in bakery goods, energy drinks, dietary supplements, sports drinks, and salty snacks. Furthermore, Chia seeds are often used in packaged ‘superfood’ items because of their high antioxidant and fiber content.

A certain degree of market development restraint may result from the limited availability of suitable environments for plant growth and higher seed output. Against this backdrop, the sales of chia seeds in the United States are anticipated to remain profitable over the assessment period.

Key Takeaways from the Chia Seed Market Study Report

The United States held a market share of 27.9% in the year 2022.
Germany is the leading market for chia seeds in Europe and contributed a 7.3% revenue share in 2022.
The demand for chia seeds in the United Kingdom registered a CAGR of 7% during the forecast years.
China and India are poised to witness a growth rate of 6.1% and 8.9% in the production of chia seeds through 2033.

Competitive Landscape for the Chia Seed Market Players

Organic Denmark, Sesajal, Bioglan, Nutiva, Navitas Naturals, Mamma Chia, Genera Nutrients, and Maya Chia are a few of the leading chia seed-supplying industries. Many of the global market players rely on imports because much of the output is located in Central and South American nations.

The chia seed plant thrives in the dry, marine-influenced Mediterranean climates, so its market has remained concentrated in some parts of the world. However, the adoption of modern farming methods has now given rise to the possibility of successful farming of chia seeds in other climatic regions. This is anticipated to support the emergence of new players and diversify the market in the coming days.

Recent Developments by the Chia Seed Supplying Industries

Mamma Chia declared in April 2022 that its products are keto-friendly. This development included its product line of Chia Energy Beverages and Chia Vitality Beverages, providing only 6 grams of net carbohydrates per serving.

Innovation and the creation of new product supplies are the main techniques used by businesses to maintain their market share. The Chia Co. launched four new types to its Oats+Chia product line last year, including Apple Spice, Blueberry Lemon, Mixed Berry, and Banana Mango. Later, it added three new flavors to its Chia Pods products, such as Strawberry, Dark Cacao, and Coffee Bean.

Complete Market Review: A Full Report Analysis

Segments Covered by the Survey Report

By Origin:

Organic
Conventional

By Color:

Black
White
Brown

By Form:

Whole Chia Seeds
Grounded Chia Seeds
Chia Seed Oil
Other Chia Seed Forms

By End-use Application:

Food and Beverages Sector
- Packed Chia
- Nutritional Bars
- Bakery and Snacks
- Breakfast Cereals
- Beverages
- Others
Personal Care Products and Cosmetics Sector
Animal Feed and Pet Food Sector
Nutritional and Dietary Supplements Sector
Other End-use Applications

About Future Market Insights (FMI)

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Fermented Dairy Ingredients Market Expected to Reach USD 16.5 Billion by 2033

The global fermented dairy ingredients market is expected to accumulate US$ 7,884.0 million in value by 2023-end. During the forecast period ranging from 2023 to 2033, a CAGR worth 8.2% has been projected for the market, with an expected closing value worth US$ 16,485.5 million. During the 2018 to 2022 historical period, the industry grew at a value CAGR worth 8.1%.

Fermentation of dairy products such as cheese, yogurt and butter are a natural process to use microorganisms, such as good bacteria to break down the carbohydrates for the conversation of sugars into organic acids or organic alcohols. Traditionally, this practice was adopted just to preserve food and increase the shelf-life of dairy products, but modernization has increased the usage of fermentation as more than just a preservative.

The surge in the fermented dairy ingredients market can be attributed to the following factors

Advantages on the overall health	FMI researchers remark that there has been a rapid increase in the number of health-conscious consumers and the rising awareness about the benefits of the probiotic bacteria in fermented dairy ingredients on a massive scale creates revenue generation opportunities.
Increasing consumption of dairy products	The millennials and GenZ are attracted to the low-fat content and unique flavors of fermented dairy ingredients, and thereby the market has seen a positive shift towards the increased consumption of processed cheese and other dairy products in the food industry.
Escalated demand for flavored milk	Kefir, a fermented tangy milk drink produced by kefir grains, is loaded with health benefits. This leads to an amplified demand for kefir in recent years due to consumers’ preference of a healthy and nutritional diet. With the increasing demand of such flavored milk, the fermented dairy ingredients market players experience a boost.

The major challenge posed to the fermented dairy ingredients market is the storage related issues. The requirement for a proper storage system to prevent the dairy products from getting sour is a big challenge for manufacturers. Moreover, the frequent changes in price of fermented dairy products create a disturbance in the market impacting growth.

Key Takeaways

The United States controls the worldwide fermented dairy ingredients industry with a value share of 19.4%.
Germany accounts for 7.1% of the overall value of the global fermented dairy ingredients market.
Australia has 2.7% of the global market for fermented dairy ingredients.
China is exhibiting a phenomenal CAGR of 11.1% in the global fermented dairy ingredients industry.
In the global market for fermented dairy ingredients, India has a phenomenal CAGR of 5.6%.
Japan accounts for 4.3% of the global fermented dairy ingredients market value

Competitive Landscape

Key fermented dairy ingredients manufacturers are seeking ways to increase their market share with joint ventures, mergers, acquisitions and new product launches. The swelling dispersion of start-ups in the market has led to an increase in production quality and amplified global sales.

Some of the most known players in the fermented dairy ingredients market are

Cargill Incorporated
Kerry Inc
Archer Daniels Midland Company
Arla Foods Ingredients Group
CSK Food Enrichment
Dairy Connection
Corbion

Recent Developments

DairyChem is a natural dairy manufacturing business that specializes in providing a natural flavor encompassing both basic milk and milk components flavor through highly complex cheese and cultured dairy flavors. It introduced a variety of flavors ranging from butter flavors, cheese flavors, to blended natural dairy flavors.
Royal DSM, in April 2023, launched a Plant Power Toolkit for plant-based fermented products, like yogurt alternatives. It reduces the complexity of formulating plant-based fermented products and enhances quality.

Comprehensive Industry Report: A Full Market Analysis

Fermented Dairy Ingredients Market by Category

By Product Type:

Cheese
Natural Cheese
Cultures
Enzymes
Starch
Modified Starch
Native Starch
Sweetener
Processed Cheese
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Flavored Milk:
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Yogurt:
Sponable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Drinkable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener

By Application:

Bakery
Dairy
Snacks
Others

By Region:

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

About Future Market Insights (FMI)

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Global Plant-Based Ice Cream Market Set to Soar to USD 4.3 Billion by 2033: FMI Report

The predicted valuation of the worldwide market for plant-based ice cream in 2022 was approximately US$ 1.6 billion. Manufacturers’ focus on developing and marketing new “clean label” and “label free” plant-based ice cream products will drive the growth of the global market for plant-based ice cream in the next years. Considering a 10% CAGR from 2023 to 2033, it is anticipated to have produced a total of US$ 4.3 billion by 2033.

The demand for plant based ice cream is being driven by the quickening pace of commercialization and rising supply of plant-based milk. Market perception is improved through product innovation that improves flavor and technology developments in the sector.

A number of product launches catering to various preferences and tastes will stimulate the market throughout the projection period. For example, in addition to its current varieties, Ben & Jerry’s has developed a number of new tastes, especially for the United Kingdom. The market penetration of several multinational corporations will increase the number of distribution channels, which will increase the product’s overall sales volume.

One of the key factors driving the market’s expansion is the increasing demand for a wide variety of flavors from ice cream enthusiasts. In a nutshell, the market growth rate is being boosted by the increased availability of flavors which includes mint chip, pistachio, peanut butter, strawberry, fudge brownie, vanilla, coffee hazelnut, raspberry, lemon and salted caramel.

Key Takeaways from the Market Study

The global market for plant-based ice creams saw a CAGR of 3.3% from 2018 to 1022.
In 2022, the coconut taste will hold a 43% market share, making it the dominant category.
Chocolate is expected to expand at a CAGR of 15.2% over the course of the forecast period, making it the most popular taste among consumers.
The United States market is predicted to expand steadily from 2023 to 2033 at a CAGR of 5.3% in 2022.
From 2023 to 2033, the Indian market for plant-based ice cream is anticipated to grow at a CAGR of 8.5%.
From 2023 to 2033, the market in the United Kingdom is projected to expand at a CAGR of 5.5%.

“Rapidly increasing instances of lactose intolerance consumers along with other milk-related health problems, and some socializing trends, are predicted to drive market expansion throughout the projection period,” says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Key businesses are placing a lot of emphasis on developing and creating new products in order to satisfy customer demand while maintaining premiumization by providing a range of flavors and product quality.

The market for plant-based products remains untapped and lucrative for manufacturers as more customers adopt healthy eating trends. The market under study will also be improved further by raising R&D expenditures and investigating new distribution methods, such as internet retail channels.

Prominent players in the plant based ice-creams market are:

Unilever Plc.
Nestle SA
Tofutti Brands Inc.
General Mills, Inc.
Danone SA,
Booja Booja Company Ltd.
Little Red Rooster Ice Cream Company
Bliss Unlimited LLC.
JUDE’S
Oatly.

Key Segments Profiled in the Global Plant Based Ice-creams Market

By Form:

Singles
Blends

By Product Type:

Bars
Cones
Cups/Tubs
Others

By Flavor:

Fruits
- Strawberry
- Banana
- Orange
- Raspberry
- Pomegranate
- Lemon
- Others
Nuts
- Coconut
- Almond
- Hazelnut
- Others
Herbs
- Cinnamon
- Mint
- Peppermint
- Others
Beans
- Vanilla
- Chocolate
- Coffee
- Others

By Source:

Soy Milk
Coconut Milk
Almond Milk
Cashew Milk
Others

By Sales Channel:

Direct Sales
Indirect Sales
Hyper/Supermarket
Franchise Outlets
Online
Other Retail Formats

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Detailed Market Breakdown: Comprehensive Full Report

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

Keventers, a 97-year-old dairy brand as well as restaurant chain famed for its milkshakes along with ice creams, extended its product offering with its first selection of plant-based ice cream in 2023 in India produced with coconut milk. Two flavors—Vegan Strawberry and Vegan Dark Chocolate—have been introduced by the firm.
Unilever introduced the new Magnum Vegan Raspberry Swirl in Veganuary 2023. It is a silky raspberry ice cream featuring swirls of tart raspberry sauce and is covered in vegan chocolate. New Magnum Vegan Minis were released in Australia, North America, New Zealand, Israel, as well as Europe during the preceding Veganuary.

More Valuable Insights Available

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

To understand opportunities in the plant based ice-creams market, the market is segmented on the basis of plant based ice-creams by form (singles, blends), product type (bars, cones, cups/tubs, others), flavor (fruits, nuts, herbs, beans), source (soy milk, coconut milk, almond milk, cashew milk), sales channel (direct sales, indirect sales, hyper/supermarket, franchise outlet, online) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About Future Market Insights (FMI)

Contact Us:

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

Human Milk Oligosaccharide Market Poised for 6.5% CAGR Growth by 2034, Boosted by Rising Birth Rates and Enhanced Infant Nutrition

According to Future Market Insights (FMI), the global human milk oligosaccharide (HMO) market (Mercado de oligosacáridos de la leche humana (HMO)) is estimated to reach US$ 100.8 million in 2024. Over the forecast period, human milk oligosaccharide sales are poised to increase at a CAGR of 6.5%. The global market is estimated to reach US$ 161.6 million by 2034.

Escalating demand for infant formula products that emulate the nutritional composition of breast milk is driving the human milk oligosaccharide market. As awareness of breast milk’s unique benefits grows, parents and caregivers are seeking human milk oligosaccharides that closely resemble breast milk for optimal infant nutrition.

Rising birth rates, urbanization, and the growing prevalence of working mothers are the factors contributing to a greater reliance on human milk oligosaccharides as a primary source of infant nutrition. Advancements in extraction and purification technologies are making HMOs more accessible to formula manufacturers and other industries seeking to incorporate them into their products.

Leading companies are investing in research & development to innovate novel HMO structures. They are forming strategic partnerships with infant formula manufacturers and implementing efficient production processes for cost-effectiveness and scalability.

Key Takeaways from the Human Milk Oligosaccharide Market Report:

The global human milk oligosaccharide market is estimated to be US$ 100.8 million in 2024.
The global market is expected to surge at a CAGR of 6.5% by 2034.
Based on product type, the fucosylated segment is expected to reach a valuation of US$ 42.9 million by 2034.
During the forecast period, China is expected to rise at a CAGR of 5.5%.
Demand for human milk oligosaccharides in Japan is anticipated to rise at a steady CAGR of 4.8% by 2034.

“The human milk oligosaccharide (HMO) market is experiencing robust growth fueled by rising awareness of their health benefits and expanding applications beyond infant nutrition. As demand continues to surge, innovations in production technologies and regulatory advancements are set to be pivotal in shaping the market’s trajectory and fostering further development.” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Jennewein Biotechnologies GmbH, KYOWA HAKKO BIO CO. LTD., DSM, Nestle Health Science, DUPONT, zuChem Inc., Glycosyn LLC, Elicityl SA, and Dextra Laboratories Limited are key human milk oligosaccharides manufacturers listed in the report.

The human milk oligosaccharide (HMO) market has a diverse and dynamic competitive landscape. Leading companies focus on research & development, new formulations, and sustainable sourcing to expand their customer base. Key manufacturers also emphasize product certifications, environmentally friendly practices, and satisfying the increased demand for natural & sustainable ingredients.

For instance,

In 2021, BASF announced the approval of PREBILAC, its 2’-FL brand, by Australia’s Therapeutic Goods Administration (TGA).
In 2022, Kyowa Hakko Bio Co. Ltd, a subsidiary of Kirin Holdings Company, Limited, finalized the construction of a manufacturing facility dedicated to the production of human milk oligosaccharides (HMOs) at its Thai subsidiary, Thai Kyowa Biotechnologies Co, Ltd.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global human milk oligosaccharide 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 human milk oligosaccharide market based on product type (fucosylated [2FL, 2FL DFL, and 3FL], silylated [3SL and 6SL], and non-fucosylated neutral [LNT, LNnT, and LNFP], end-use (infant formula and dietary supplements), and regions.

Key Companies Profiled

Jennewein Biotechnologie GmbH
KYOWA HAKKO BIO CO. LTD.
DSM
Nestle Health Science
DUPONT
zuChem Inc.
Glycosyn LLC
Elicityl SA
Dextra Laboratories Limited
Carbosynth Limited

Key Coverage in the Global Human Milk Oligosaccharide Industry Research Report

Adjacent Study on Human Milk Oligosaccharides Benefits and Nutritional Products Human Milk Oligosaccharides
Detailed Market Analysis of Human Milk Oligosaccharides Supplement
Ongoing Innovations in Human Milk Oligosaccharides Formula
Growth Prospects for Baby Food Market in the United States
Top Players in Baby Food and Infant Formula Market
Human Milk Oligosaccharides and Immune System Development

Comprehensive Market Insights: Full Report Overview

Human Milk Oligosaccharide (HMO) Market Segmentation by Category

By Product Type:

Fucosylated
- 2FL
- 2FL DFL
- 3FL
Silylated
- 3SL
- 6SL
Non-fucosylated Neutral
- LNT
- LNnT
- LNFP

By End-use:

Infant Formula
Dietary Supplements

By Region:

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

About Future Market Insights (FMI)

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

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

Contact Us:

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

Food Certification Market Set to Grow at 10.4% CAGR by 2034 Amid Rising Demand for Safe and Ethical Food Production | FMI

According to the latest analysis, the global food certification market (Mercado de Certificación de Alimentos) value is expected to grow from USD 11,053.9 million in 2024 to USD 28,405.7 million by 2034. It will likely exhibit strong growth during the forecast period, with overall demand rising at a CAGR of 10.4%.

Several factors are expected to drive the food certification industry forward during the assessment period. These include:

Food certifications play a crucial role in ensuring the safety, quality, and sustainability of food products.
Consumers are becoming conscious about the food they consume and are actively seeking products with certifications that validate specific attributes such as organic, non-GMO, fair trade, gluten-free, and animal welfare.
Certification bodies are also evolving to offer a wide range of certification programs tailored to different sectors and specific requirements. Furthermore, regulatory bodies and government agencies are implementing strict regulations and guidelines to maintain food safety standards and protect consumer interests.
The global food certifications market is expanding as many countries and regions adopt certification programs. Additionally, advancements in technology, such as blockchain-based certification systems, are emerging to enhance transparency and traceability in the food supply chain

The rising importance of food certifications like BRC Food, IFS FOODs, ISO 2203, FSSC FOODS, HACCP, Global GAP, and others is expected to boost the global market. Each certification serves a specific purpose to maintain product safety, quality, and integrity across different sectors.

Food certifications are essential for manufacturers, retailers, and regulatory bodies, ensuring that food products meet specific safety standards, quality, and ethical production practices. They also reduce risks associated with foodborne illness, contamination, fraud, and noncompliance with regulations.

As consumer awareness grows regarding health, sustainability, and ethical concerns, the demand for certified products is expected to increase globally. Emerging regions such as the Asia-Pacific and Latin America present key opportunities for these certifications.

Growing health-conscious consumers and middle-class populations are projected to further drive demand for safer and higher-quality food certification products. Hence, the target market is projected to thrive rapidly through 2034.

Key Takeaways from the Food Certification Market Report:

The global food certification market is estimated to be valued at USD 11,053.9 million in 2024.
The market is expected to surge at a CAGR of 10.4% by 2034.
In the United States, the food certification market is expected to exhibit a CAGR of 8.6% by 2034.
India is expected to grow at a CAGR of 8.5% during the forecast period.
Based on application, the dairy products segment is expected to reach USD 3,933.3 million in 2034.

“The food certification market consists of certification bodies, inspectors, and consultants who verify compliance with standards. These bodies serve both manufacturers who rely on these certifications to differentiate their products and consumers who trust them to make ethical and informed decisions. Growing consumer awareness about food safety and quality is expected to play a key role in boosting the food certification industry through 2034.” says Nandini Roy Choudhury, Client Partner at Future Market Insights

The popularity of Multi-Domestic Food Service and E-Retail Chains to Shape the Market

With the rapid shift to processed and convenient food, food certification remains of paramount importance. The emergence of e-commerce platforms and online food delivery services is estimated to propel the need for food certification worldwide.

The advent of multi-domestic food services, especially in India and China, is compelling governing bodies and agencies to monitor the safety and quality of food. The imposition of several food certification policies is helping the growth of the market.

There are several companies adopting food certification methods to meet the burgeoning demand for halal and ‘free-from’ certification food. Food producers are adopting these methods to maintain their position in the industry and to garner consumers’ trust. This particularly is going to aid the market growth in the coming years.

Demand for halal food products from the Muslim countries in the Middle East has amped up the demand for food-certification of meat products. Hence, food certifications continue to gain traction as a necessity with the globalization of the food sector.

Competitive Landscape

The competitive landscape of the food certification market is characterized by a diverse array of certification bodies, auditors, and consultants globally. Key players offer a wide range of certification services related to food safety, quality, and sustainability.

Regional and national certification companies play significant roles in specific markets, providing local expertise and support. The market is dynamic, with ongoing innovations in certification standards and increasing demand driving competition among industry players to maintain credibility and relevance in the evolving food industry.

For instance,

In November 2022, SCS announced the launch of the plant-based certification program. The program advances plant-based options and recognizes development in different buyer items.
In September 2022, Intertek Group PLC presented a vegan food certification mark to guarantee total belief in item claims.

In-Depth Market Analysis: A Complete Report

Key Companies Profiled in the Food Certification Industry

SGS SA
Bureau Veritas SA
Thermo Fischer Scientific Inc.
ALS Limited
AsureQuality Limited
UL Registrar LLC
Aspirata Auditing Testing And Certification (Pty) Ltd.
Dekra SE
Lloyd’s Register Group Services Limited
Indocert
Intertek Group Plc.
Eurofins Scientific SE

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global food certification 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 food certification industry based on certification type (BRC Food, IFS Food, ISO 22000, FSSC 22000, HACCP, Global GAP, Organic, Kosher, Halal, and others) and application (bakery & confectionary, dairy products, processed & packaged food, infant food, alcoholic & non-alcoholic beverages, functional food, meat & poultry products and seafood) across several regions.

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Global Massage Gun Market Set to Reach $1.12 Billion by 2033 with a 7.5% CAGR Growth

The global massage gun market is projected to reach USD 542.6 million by 2023. According to the report, the market is expected to grow at a strong CAGR of 7.5%, with its valuation anticipated to hit USD 1,122.7 million by 2033. Currently, massage guns hold a 5% to 8% share of the global massage equipment market.

The massage gun market has seen remarkable growth in recent years, driven by increasing consumer awareness of self-care and wellness products. These portable devices, which use percussive therapy to relieve muscle soreness, have become a staple for athletes, fitness enthusiasts, and even office workers looking for quick recovery and stress relief.

Key Dynamics in the Massage Gun Market

Several factors contribute to the rapid expansion of the massage gun market:

Growing Health & Wellness Trends
Consumers are becoming more proactive about managing their physical health, leading to a surge in demand for recovery tools like massage guns. The increased focus on fitness, paired with a desire for convenience, has made massage guns a popular choice for personal use.
Technological Advancements
Manufacturers continue to innovate, incorporating features like adjustable intensity, smart sensors, and ergonomic designs. These advancements appeal to a wide range of users, from professional athletes to those seeking everyday muscle relief.
Post-Pandemic Recovery and Self-Care
The COVID-19 pandemic heightened awareness around health, with consumers investing in at-home wellness solutions. As gyms and therapy centers were temporarily unavailable, massage guns provided an easy-to-use alternative for muscle recovery.
Increase in Sports Participation
With more people engaging in regular sports and physical activities, the demand for tools to aid in recovery has risen. Massage guns offer a portable solution for athletes looking for quick recovery, increasing their popularity across fitness circles.

Click Here to View Full Report: https://www.futuremarketinsights.com/reports/massage-guns-market

Category-wise Insights

The massage gun market can be segmented into various categories based on product type, user demographics, and pricing tiers.

1. Product Type

Handheld Massage Guns: The most common type, offering portability and ease of use.
Stationary Massage Devices: Often used by professionals, these are bulkier but provide more comprehensive treatment.

2. User Demographics

Athletes & Fitness Enthusiasts: They form the largest consumer base, using massage guns to alleviate soreness and improve performance.
Office Workers: A growing category, these consumers use massage guns to relieve tension from sedentary lifestyles.
Elderly & Rehab Patients: This segment uses massage guns for gentle relief from chronic pain and improved mobility.

3. Pricing Tiers

Premium Products: High-end models with advanced features such as smart sensors and multiple attachments, priced upwards of $300.
Mid-Range: These offer a balance of features and affordability, typically priced between $100 and $250.
Budget-Friendly: Priced under $100, these are designed for casual users or beginners.

Competitive Landscape

Massage gun manufacturers are offering a wide range of massage guns and accessories such as spare parts, ball comfort tips, handles, etc. Key players are also focusing on product enhancement as well as on specific categories that are driving the demand.

For instance:

Meet, a game-changing fitness gear and healthcare company, has recently launched its NEX massage gun series on Amazon. As one of the world’s strongest yet ultra-portable percussion massage guns, NEX supports professional muscle recovery on the go with its lightweight design, powerful motor, and incredible lifespan.

Global Massage Guns Market by Category

By Size:

Small Size/handheld
Mid-Size/Professional
Large Size/Powerful

By Battery Type:

Rechargeable
Replaceable

By Sales Channel:

Direct Sales
Indirect Sales
- Specialty Stores
- Modern Trade
- Independent Departmental Stores
- Pharmacy Stores
- Online Retailers
- Wholesalers/Distributors
- Other Sales Channel

By End-User:

Athletes
Chiropractor
Fitness Enthusiasts
Expectant Women
Others

By Region:

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

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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Blenders Market: Exploring Key Trends, Innovations, and a Steady Growth Rate (CAGR) of 5% from 2023 to 2033

The blenders market is projected to reach a valuation of USD 2.94 billion in 2023, with an estimated compound annual growth rate (CAGR) of 5% from 2023 to 2033, reaching USD 4.79 billion by 2033.

Here’s a glimpse at what’s fueling this growth:

Women Power Up the Kitchen:As more women join the workforce, their increased spending power translates to a demand for time-saving kitchen gadgets like blenders.
Healthy Habits Take Root:Growing health consciousness is leading people to prioritize nutritious meals made at home, and blenders are a perfect tool for creating healthy drinks and smoothies.
Space Saving, Power Blending:Shrinking living spaces, especially in urban areas, have led to a surge in popularity of compact, handheld blenders, overtaking their bulkier countertop cousins.
Innovation Blends with Demand:Consumers are looking for smarter, more versatile blenders, prompting manufacturers to invest in R&D. Leading brands like Philips are leading the charge with features like blade advancements for smoother results.
Immersion Innovation:The market is seeing a rise in novel blender types like immersion blenders, catering to the demand for portable and efficient options.
North America’s Healthy Blend:Consumers in North America, particularly the US, are embracing healthier diets with a focus on nutritious foods. This trend translates to a growing demand for portable blenders that fit perfectly into their lifestyle.
Asia Blends in with Growth:Emerging economies in Asia-Pacific are expected to be major consumers of blenders, driven by rising disposable incomes and a growing appetite for tech-savvy appliances.
E-commerce Spices Up Sales:The booming e-commerce industry in countries like China and India is making it easier for people to buy kitchen gadgets, further propelling blender sales in the region.
A Fragmented Market with Big Blenders:The global blender market is a competitive landscape with established international and regional players. While global giants focus on expanding their reach, regional players face challenges in terms of cost, innovation, and product quality.
Blending Up a Brand Strategy:Leading brands are employing strategic maneuvers like mergers, acquisitions, product launches, and continuous development to stay ahead of the curve and build a loyal customer base.

Trends in the Blenders Market

As houses and kitchen spaces have gotten smaller, especially in urban areas, consumers have felt the need for optimising space. This has resulted in smaller hand-held blenders gaining popularity and outselling the more conventional table-top blenders in recent years.

Similarly, the portable or personal blenders segment too has shown strong growth trends in line with the demand for compact blenders and growing use of blenders among health-conscious people; this is especially true for those who travel frequently or carry blenders to their gyms, work places, etc.

Technological advances in the blenders market has been aimed at increasing the power output of blenders while also allowing for greater control over speed of the mixing blades. R&D and large-scale production of blenders has simultaneously also brought down product costs.

Online sales of blenders has picked up as internet literacy has grown. However, retail outlets still remain the preferred distribution medium as they account for most sales.

Click here to view full Report: https://www.futuremarketinsights.com/reports/blenders-market

Impact of Covid-19

The economic crisis being caused because of the Coivid-19 pandemic is likely to result in massive reductions in disposable incomes and job layoffs. This is likely to affect the blenders market since blenders may once again be perceived as luxury products rather than a daily necessity.

Manufacturers would thus be required to make products more affordable so that they stay within the budgets of consumers. Similarly, durability and utility of blenders will also figure high on the consumers’ wish-list due to economic considerations. The challenge then is to make blenders more powerful and sturdier while reducing their production cost.

Key Players:

Omega
Braun
Panasonic
Breville
Midea
Kuvings
Philips
Deer
ACA
Supor
Joyoung

Drivers of the Blenders Market

The rising numbers of women in the global workforce has been one of the key drivers of the blenders market. This is since it has caused a rise in the average disposable incomes of households and meant that women are required to cut-down the time spent in the kitchen.

Growing health consciousness has also been a driver for the blenders market as more people are keen on making healthy beverages and foods at home, rather than depending on processed and packaged foods.

Regions and Countries Analyzed in the Report

North America (USA, Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, the United Kingdom, France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Author:

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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Automotive Microcontroller Market Expansion: Expected to Hit USD 31.7 Billion by 2034, with a CAGR of 8.27% | FMI Reports

The automotive microcontroller market is set to achieve a valuation of USD 14.32 billion by 2024, with a projected compound annual growth rate (CAGR) of 8.27% from 2024 to 2034. By 2034, the market is expected to grow to approximately USD 31.7 billion.

This expansion is driven by the enforcement of mandatory safety standards in various countries and the growing dependence of vehicle electronic control units on advanced microcontrollers. These microcontrollers are crucial for precise fuel injection, ignition timing, and overall enhancement of engine performance.

Key Insights from the Automotive Microcontroller Market Report:

The market is forecasted to experience an absolute growth of USD 17.5 billion over the next decade.
The United States currently leads in the production of automotive microcontrollers, with a projected CAGR of 6.4% from 2024 to 2034.
Germany is the primary supplier of automotive microcontrollers in Europe and is expected to grow at a rate of 5.1% during the forecast period.
China is anticipated to dominate the automotive microcontroller market with a robust CAGR of 12.1% through 2034.
India is emerging as a significant market for automotive microcontrollers, with a projected growth rate of 11.1% over the next decade.
The automotive microcontroller industry in Australia is likely to expand at an annual rate of 8.7% until 2034.

Detailed Market Study: Full Report and Analysis

Competitive Landscape:
The overall market is turning competitive gradually with the emergence of new market players in emerging economies like China and India. However, top automotive microcontroller manufacturers still hold a significant share of the global owing to their long-term collaborations with automotive manufacturers.

Leading Key Players:

Texas Instruments Incorporated
NXP Semiconductors NV
STMicroelectronics NV
Microchip Technology Inc.
Renesas Electronics Corporation
Silicon Labs Private Limited
Fujitsu Limited
Maxim Integrated Products, Inc.
Infineon Technologies
Toshiba Corporation

Recent Developments:

In August 2023, ARTERY Technology entered the automotive MCU market with the debut of its first automotive-grade microcontroller, the AT32A403A. This new series of automotive control chips completed qualification tests such as the accelerated environmental stress test and the accelerated lifespan simulation test in accordance with the AEC specification. Moreover, the package assembly integrity test and the electrical verification test were also certified in accordance with the automotive standard AEC-Q100 Grade 2.
In June 2023, Cortus’s Safe, a fabless semiconductor manufacturing company based in France, introduced low-power RISC-V automotive microcontrollers (MCUs) and announced today by forward-thinking. Cortus ULYSS series satisfies all technological requirements for the various classes of automotive electronic systems by utilizing process technologies. The process technology ranges from 130nm to 12nm, single to eight-core designs, all with floating points and CAN, and clock rates from 240MHz to 1.5GHz. The safety certifications and standards it adheres to include ISO 26262 ASIL-B, ASIL-D, IEC 61508/62061, AEC-Q100/1, AUTOSAR, ISO/SAE 21434, and others.

Automotive Microcontroller Market Segmentation:

By Material Type:

Tinned Steel
Nickel-Cobalt Ferrous Alloy
Copper Alloy

By Vehicle Type:

Compact Passenger Cars
Mid-sized Passenger Cars
Premium Passenger Cars
Luxury Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric vehicle

By Application:

Advanced Driver Assistance System
Parking Assist System
Brake control system
Electric Control Suspension
Airbags
Functional Safety Technology
Transmission Control
Start-Stop System
Electronic Power Steering System
Other Applications

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
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: