Pelvic Floor Diagnostics Market Overview, Growth, Share, Revenue and Forecast 2031

According to a recent report by Future Market Insights, the demand for pelvic floor diagnostics market is expected to rise at a significant pace 6.2% CAGR through the end of the assessment period in 2031

The pelvic floor diagnostics market will witness strong demand owing to the prevalence of associated ailments especially in pregnant women, and increasing awareness levels towards pelvic floor diagnostic testing. The rise in adoption of advanced imaging systems is resulting in superior patient outcomes.

Developed economies such as the U.S. show an increasing trend of adoption of advanced diagnostic devices. Favorable reimbursement scenarios boost market growth. The healthcare and diagnostic infrastructure in the U.S. has advanced at an elevated rate due to increasing research and development activities pertaining to healthcare.

Rising healthcare expenditure, along with growing government support by funding’s and faster approvals has led to the establishment of pelvic floor diagnostic laboratories and a larger number of professionals.

Rising number of grants by private and government players for pelvic floor diagnostics has increased the focus on innovative research solutions for the development of advanced testing systems.

Healthcare standards with advanced diagnostic procedures have gained ground during the last two decades and with the rise in income and the increased investments in research. The pelvic floor diagnostics market has experienced a substantial shift in the adoption of molecular diagnostic devices.

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 Key Takeaways from Pelvic Floor Diagnostics Market Study

  • Ultrasound systems are expected to reach a revenue share of 37.1% in 2021 with a growing CAGR of 5.7% during forecast period.
  • Hospitals will drive sales accounting for over 60% value share through 2031, owing to higher spending capacity.
  • Mexico will reflect a 6.1% CAGR through 2031, supported by growing access to superior medical facilities.
  • U.K. and France are leading markets in Europe, accounting for over 20% and over 18% of the Europe market respectively in 2021.
  • The U.S. is the largest and fastest growing market in North America, exhibiting 5.7% CAGR through the forecast period.

“The growing global geriatric population is prone to pelvic floor disorders. Consequently, advancements diagnostics including imaging and ultrasound systems, coupled with investments in research and academic bodies are set to boost the growth of pelvic floor diagnostics market over the coming decade,” says a Future Market Insights analyst.

Investments in Tech Development to Offer Growth Opportunities

The pelvic floor diagnostics market has emerged as a lucrative area of research in terms of pelvic dysfunction. The development of imaging technology is gaining traction with the rising demand of high-resolution images.

The demand is fueled by increasing awareness among the growing population about the diagnostic options available. Ultrasound systems offer reliable high-resolution imaging. The evolution in the processes involving detection, diagnosis, and treatment of associated diseases is anticipated to cause a demand surge in the pelvic floor diagnostics market.

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Who is winning?

Key players in the pelvic floor diagnostics market are focusing on tapping market potential through strategic mergers and acquisitions. This is driven by efficiency in innovative and specialized product portfolios. The market is also set to expand due to increasing activities in research and development to diagnose pelvic floor disorders.

Some of the leading players in the pelvic floor diagnostics market include but are not limited to Laborie, Inc., Cooper Surgical Inc., Medtronic Plc., SRS Medical, Stryker’s, MEDSPIRA, MEDKONSULT medical technology s.r.o., EndoMed Systems, Richard Wolf, Schölly Fiberoptic, Zhuhai Seesheen Medical Technology, KARL STORZ, Cadwell, The Prometheus Group, Neurosoft, Noraxon USA.

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

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Pulmonology Devices Market Analysis By Key Growth Factors And Opportunities Forecast To 2030

According to Future Market Insights (FMI), driven by the rising incidence of respiratory diseases the demand for pulmonology devices market will rise. Respiratory disorders such as asthma, chronic obstructive pulmonary disorder (COPD), and lung cancer is on the rise globally. Smoking and unhealthy living environment are often identified as common causes fuelling the incidence of respiratory disorders.

Government initiatives supported by public and private organizations to spread awareness has led people to focus on early diagnosis of medical conditions to avoid delay in treatment. Furthermore, a number of players are developing new products to expand their product portfolio as well as to maintain their position in the market.

For an instance Olympus has launched a few unique pulmonology devices such as the flexible bronchoscope that has helped the company in maintaining its position in the market. A large number of domestic players are slowly emerging in Asia Pacific. Rise in healthcare expenditure in developing countries and improving reimbursement policies are causing shift in focus among market players from developed to developing countries.

Moreover, the availability of pulmonology devices for healthcare professionals has been impacted by COVID-19 supply chain crisis. However, there are measures taken to manage this situation. Governments have relaxed controls to make supply easy. Export controls have been made easy by several manufacturing countries.

Major manufacturers in the pulmonology devices market are geared up and focusing on local production of pulmonology devices. According to the report, the increasing cases COPD and lung cancer will continue fuelling demand in the market.

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Key Takeaways from pulmonology devices Marker Study

  • The demand for pulmonology devices is expected to get higher, enabling the market to exhibit 10.8% CAGR between 2020 and 2030
  • Backed by increasing healthcare spending, the U.S. is expected to account for nearly 90% sales in North America
  • Favorable reimbursement policies will enable the U.K. to exhibit 13% y-o-y growth in 2021
  • Germany and France will showcase increasing investment towards expanding healthcare infrastructure, in turn fuelling the demand for pulmonology devices
  • Within East Asia, Japan and South Korea will represent highly attractive markets for sale

Who is Winning?

Leading players in the pulmonology devices market on strengthening their market position though the Acquisition, Partnerships and expansion. For Instance,

  • In February 2019, the Conmed Corporation acquired privately-held Buffalo Filter LLC, a leader in surgical smoke evacuation technologies. The company’s comprehensive product portfolio includes smoke evacuation pencils, smoke evacuators, and laparoscopic solutions.
  • In November 2019, Cook Medical opened new facility in India. This office enables the company to expand its business in emerging markets.
  • In January 2019, the Verathon, Inc launched GlideScope® BFlex, a single-use flexible bronchoscope that offers optimal visibility and maneuverability for routine airway and bronchoscopy procedures.

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Pulmonology devices Market by Category

Product

  • Pulmonary Biopsy Devices
    • Single- Use Biopsy Forceps
    • Cytology Brushes
    • Microbiology Brushes
  • Endobronchial Ultrasound (EBUS) Needles
    • Endobronchial Ultrasound Fine Biopsy Needles
    • Endobronchial Ultrasound Transbronchial Aspiration Needles
  • Airway Stents
    • Silicon Stents
    • Nitinol Stents
    • Stainless Steel Stents
  • Airway Extraction Baskets
  • Single-Use Bronchoscopes

Indication

  • Lung Cancer
  • COPD
  • Foreign Body Extraction
  • Tracheal and Bronchial Stenosis
  • Others

End User

  • Hospitals
  • Pulmonology Clinics
  • Ambulatory Surgical Centers

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

3.3. Disease Epidemiology, By Region

3.4. Technology Assessment Vs. Application

3.5. Regulatory Scenario

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

Contact:

Future Market Insights Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Medical Nitroglycerin Sprays Market Size, Future Forecasts, Growth Rate, and Analysis To 2030

According to Future Market Insights (FMI), the global medical nitroglycerin sprays market was valued at US$ 94.4 Mn in 2019, and is expected to register a CAGR of 4.2% during the forecast period, reaching US$ 147.3 Mn by the end of 2030.

Key Takeaways from the Medical Nitroglycerin Sprays Study

  • North America touted to retain market hegemony, capturing over two-fifths of the revenue share
  • Prophylaxis of angina pectoris to remain the dominant segment, expanding steadily at 4.1% CAGR from 2022-2030
  • By distribution channel, online pharmacy sales are poised to witness credible expansion owing to the pandemic and deepening digital literacy
  • 90 metered sprays/bottle dose capacity to remain the most preferred option, registering an index of 1.4
  • Global medical nitroglycerin sprays market is likely to expand steadily, registering a CAGR of 4.2%

Key Drivers and Restraints of Global Medical Nitroglycerin Spray Market

Medical nitroglycerin is available in multiple dosage forms such as sublingual tables, sprays, in-vitro and patches, and ointments. For instance, nitroglycerin sprays are available in different capacities, ranging between 60 doses per bottle to 230 dose per bottle. Availability of nitroglycerin spray in a wide range of dosage forms and capacities is projected to fuel the global market during the forecast period.

Nitroglycerin spray is inexpensive and hence affordable. It also offers better therapeutic effects as compared to that offered by other medications. Furthermore, it has minimum side-effects as compared to that of conventional drugs. These factors are estimated to drive the nitroglycerin spray market in the next few years.

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ccording to the World Health Organization (WHO), cardiovascular disease accounts for nearly 17.9 million deaths every year, which is estimated to contribute to 31% of all global deaths. A rise in the number of people suffering from cardiovascular diseases can be attributed to sedentary lifestyle along with smoking, tobacco & alcohol consumption, and unhealthy diet. Hence, a rise in prevalence of cardiovascular diseases is projected to fuel the global market during the forecast period.

According to the World Health Organization (WHO), the population of people aged 60 years and above is projected to rise from 900 million in 2015 to 2 billion in 2050. Usually, the geriatric population is at high risk of coronary vascular disease. Hence, an increase in the geriatric population is anticipated to boost the global nitroglycerin spray market.

Market segmentation

Medical Nitroglycerin Sprays Market by Application:

  • Prophylaxis of Angina Pectoris
  • Acute Relief of Attack (Treatment)

Medical Nitroglycerin Sprays Market by Dose Capacity:

  • 60 Metered Sprays/Bottles
  • 90 Metered Sprays/Bottles
  • 200 Metered Sprays/Bottles
  • 230 Metered Sprays/Bottles

Medical Nitroglycerin Sprays Market by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Medical Nitroglycerin Sprays Market by Region:

  • North America Medical Nitroglycerin Sprays Market
  • Latin America Medical Nitroglycerin Sprays Market
  • Europe Medical Nitroglycerin Sprays Market
  • East Asia Medical Nitroglycerin Sprays Market
  • South Asia & Pacific Medical Nitroglycerin Sprays Market
  • Middle East & Africa (MEA) Medical Nitroglycerin Sprays Market

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Key Inclusion & Exclusion

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Key Success Factors

4.1. Prevalence & Patient Share

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About Us    

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

Contact:

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

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Ankylosing Spondylitis Treatment Market by Trends, Share, Type and Forecast to 2030

The global ankylosing spondylitis treatment market will continue to witness steady growth, driven by a slew of myriad, yet interconnected factors. A new report by ESOMAR-certified market research firm, Future Market Insights, offers incisive insights on key factors that will influence growth through 2030.

According to FMI’s report, the options for treatment include disease-modifying anti-rheumatic drugs (methotrexate), nonsteroidal anti-inflammatory drugs (naproxen, ibuprofen, celecoxib, meloxicam, and diclofenac), biologics (certolizumab pegol, secukinumab, infliximab), and biosimilars.

Key Takeaways from Ankylosing Spondylitis Treatment Market Study

  • Nonsteroidal anti-inflammatory drugs lead the market as they are looked upon as the first line of treatment for ankylosing spondylitis
  • Oral route of administration holds the largest market share due to simplicity of consumption.
  • By age group, “adults” contribute to majority of revenue generation as ankylosing spondylitis usually gets initiated in adulthood.
  • North America, led by the US, holds the highest market share due to well-established healthcare infrastructure, high incidences of ankylosing spondylitis, and innovations in pharmaceutical industry.

Ankylosing Spondylitis Treatment Market Landscape

The major players in the ankylosing spondylitis market include Wyeth, Mitsubishi Tanabe, Schering-Plough, Takeda, Novartis AG, Amgen, Centocor, Abbott, Eisai, and Pfizer.

As per the Oxford University Press, around 1% of the US population, 1.3-1.56 Mn European population, and 4.63-4.98 Mn population in the Asia Pacific are affected by ankylosing spondylitis. Also, the market is witnessing massive investment on the part of research to table new formulations.

Inorganic growth parameters are also contributing a great deal to the growth of ankylosing spondylitis treatment market. For instance – Novartis AG, in Jan 2019, entered into a collaboration with TrialSpark with an objective of increasing patients’ access to the clinical trials. The enrollment timeline is expected to shorten, thereby speeding up development of novel therapies.

In Oct 2019, the European Commission approved Cosentyx to treat non-radiographic axial spondyloarthritis. The next step includes submission of label update application to US FDA and post approval, the market is expected to grow substantially.

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“Agreement” is the other strategy used. For instance – Izana Bioscience, in Dec 2017, entered into a global license agreement with Takeda Pharmaceutical Company for manufacturing, commercializing, and developing Namilumab to treat ankylosing spondylitis.

Also, Zydus Cadila, in Nov 2017, launched Adalimumab’s biosimilar in India. It has been used to treat ankylosing spondylitis, rheumatoid arthritis, juvenile idiopathic arthritis.

Initiatives like these have been giving impetus to the ankylosing spondylitis market and the status quo is likely to remain the same in the forecast period.

Key Segments:

Drug Class

  • Nonsteroidal Anti-inflammatory Drugs
  • Anti-Inflammatory Drugs
  • Immunosuppressive Drugs
  • TNF Blockers
  • JAK Inhibitors
  • Steroids
  • Biologics
  • Others

Route of Administration

  • Parenteral
  • Oral

Application

  • Adults
  • Juveniles

Region

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

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Key Promotional Strategies

  1. Global Ankylosing spondylitis Treatment Market – Pricing Analysis

5.1. Regional Pricing Analysis By Drug Class

5.2. Pricing Break-up

5.2.1. Manufacturer Level Pricing

5.2.2. Distributor Level Pricing

5.3. Global Average Pricing Analysis Benchmark

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The global ankylosing spondylitis treatment market is elaborated on the basis of drug class (Nonsteroidal Anti-inflammatory Drugs, Anti-Inflammatory Drugs, Immunosuppressive Drugs, TNF Blockers, JAK Inhibitors, Steroids, Biologics, and Others), route of administration (parenteral, oral), application (Adults, juvenile), and geography (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

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About Us    

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

Contact:

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

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Citrus Yogurt Market Global Industry Demand, Sales, Suppliers, Analysis, Size, Share, Strategies For Forecast 2030

The sales of functional, probiotic foods, and beverages in recent years have risen substantially owing to higher prevalence of health awareness among consumers. Changing dietary behaviors and the increasing popularity of ready-to-eat foods have been fuelling the demand for citrus yogurt, finds Future Market Insights (FMI) in a new study.

Citrus yogurt manufacturers are increasingly leveraging the potential of their offerings as potential alternatives to ice creams and food spreads, while also focusing on strategies towards product launches and geographical expansion.

According to the U.S. Dairy Export Council, the global fermented beverage and drinkable yogurt sales have grown with a 12% CAGR since 2015. In a recent market study, Future Market Insights (FMI) has stated that the global citrus yogurt market surpassed US$ 1.9 Bn in 2020.

As per the Food and Agriculture Organization of the United Nations, 6 billion people globally consume milk and milk products. However, the vast base of lactose intolerant consumers will generate long term opportunities for non-dairy citrus yogurt products for years to come.

Key Takeaways

  • Dairy-based citrus yogurt is estimated to hold major market share. However, plant-based alternatives are estimated to display a stronger growth rate through 2028.
  • Sales through hypermarket/supermarket channels will remain dominant, owing to sophisticated and robust supply chains.
  • Conventional formulations will hold the lead over organic options, accounting for close to 90% through the forecast period.
  • Asia Pacific excluding Japan is a dominant regional market, which is projected to grow to more than 38% of the overall market share by 2028.

“In a fairly fragmented citrus yogurt market, companies are adopting diverse strategies to carve a niche. While product launches remain key focus, some of the market players are focusing efforts toward expansion to strengthen their foothold. To woo consumers there is immense focus on launching additive free products, which will bode well for the market in the coming years,” said a lead analyst at FMI.

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COVID-19 Impact Analysis

The COVID-19 pandemic has resulted in significant changes in the food preferences of consumers around the world. Concerns over health, immunity, and transmission of the virus have bolstered the demand for health foods including probiotic products such as flavored yogurt.

The availability of high-protein product offerings in the sector is a major factor that is likely to drive demand in the short term. Also, plant based variants of citrus yogurts are expected to gain traction through the crisis.

Also, higher demand for RTE foods and, changes in consumer spending habits aimed towards essentials including food and beverage purchases will positively influence the growth of the citrus yogurt sector in the short term.

Who is Winning?

The citrus yogurt market is fairly fragmented and characterized by the presence of small and mid-scale manufacturers. Leading market players are effectively widening product portfolios for long term growth with a focus on natural and clean label ingredients.

Some of the leading players in the citrus yogurt market include General Mills Inc., Kite Hill, Danone S.A., Forager Project LLC, The Hain Celestial Group Inc., Chobani LLC, Nestle S.A., and Daiya Foods Inc. among others.

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More Valuable Insights on Citrus Yogurt Market

Product Type

  • Dairy
  • Non-Dairy

Form

  • Drinkable
  • Spoonable

Nature

  • Organic
  • Conventional

Distribution Channel

  • Food Service (HoReCa)
  • Hypermarket/Supermarket
  • Convenience Store
  • Food & Drink Specialty Stores
  • Online Retail
  • Others

Region

  • North America (U.S. & Canada)
  • Latin America (Mexico, Brazil, Argentina & Rest of LATAM)
  • Europe (EU-4, U.K., Russia, Benelux, Poland and Rest of Europe)
  • Japan
  • Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, and New Zealand,)
  • Middle East & Africa (GCC countries, South Africa, and Rest of MEA)

Frequently Asked Questions

  • How will the citrus yogurt market expand through 2028?
  • Which region exhibits high demand for citrus yogurt?
  • How is COVID-19 impacting the citrus yogurt growth projections?
  • Which are some of the prominent market players?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

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

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Vegan Supplements Market SWOT Analysis, Business Growth Opportunities by Top Companies, Future Challenges, Competitive Strategies and Forecast to 2028

A recent study by Future Market Insights (FMI) opines global vegan supplements market is set to growth at 10.9% CAGR between 2020 and 2028, supported by a growing base of vegan and vegetarian consumers. The rise of the conscientious consumer has led to new opportunities for vegan supplement market players.

Plant-based diets reduce the risks of cancers, coronary disease, diabetes and other lifestyle-based ailments. Also, efforts towards sustainable food production management and ethical consideration in terms of sourcing animal-based ingredients are likely to bolster demand for plant-based product offerings.

As governments set up favorable policies towards plant-based diets, FMI opines bullish prospects for the vegan supplements market.

Key Takeaways

  • Surge in demand for botanical ingredient sources owing to clean label trends
  • Online retail distribution channels to gain traction as people look to minimize risks
  • Demand for vegan supplements in capsule form continues to grow
  • Europe maintains its position as the most lucrative market globally

“Varied advantages associated with vegan supplements including lower toxicity, superior bioavailability, and natural smell & flavor is expected to bolster the vegan supplements market through the forecast period,” says an FMI analyst.

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COVID-19 Impact Analysis

Sales of vegan supplements through online channels has picked up since early 2020, following the outbreak of the coronavirus outbreak. On the other hand, sales from brick-and-mortar outlets have witnessed a moderate drop. OTC offerings are expected to witness higher demand with higher levels of health consciousness driving the demand for immunity-boosting offerings.

This trend is also contributing to increasing adoption of plant-based diets, which will contribute to long term growth in the post pandemic era. Revenue from the vegan supplements market is expected to continue growing as lockdown restrictions are eased, with growing sales coming out of sports nutrition applications.

Who is Winning?

The vegan supplements market is largely competitive and fragmented. Key market players are increasingly focused on product development and launch strategies aimed towards bolstering product portfolios and geographical expansion.

Market leaders include General Mills Inc., Garden of Life, Danone S.A., PepsiCo Inc., Blue Diamond Growers Inc., ALOHA, NuGo Nutrition, One Brands, BHU Foods, and G&G Foods among others.

FitLivings in December 2020 introduced its Okinawa Flat Belly Tonic, which is a non-GMO, vegan friendly, powder-based supplement for consumers in the United States.

HealthyCell a leading dietary supplement company has entered into a partnership with KeHE for the distribution of its Vegan Essentials range of products, which comprises a proprietary gel delivery system.

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More Valuable Insights on Vegan Supplements Market

Product Type

  • Powder
  • Liquid
  • Capsules
  • Bars
  • Others

Ingredients

  • Vitamins & Minerals
  • Amino Acids
  • Botanical Supplements
  • Others

Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Drug Stores & Pharmacies
  • Health & Wellness Stores
  • Online Retailing
  • Others

Region

  • North America (U.S. & Canada)
  • Latin America (Mexico, Brazil, & Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, BENELUX, Russia, & Rest of Europe)
  • Middle East and Africa (GCC Countries, South Africa & Rest of MEA)
  • Japan
  • Asia Pacific excluding Japan (China, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand & Rest of APEJ)

Frequently Asked Questions

  • How will the vegan supplements market rise through 2028?
  • Which is the largest vegan supplements market?
  • How is COVID-19 impacting the vegan supplements growth projections?
  • Which are the prominent vegan supplements market players?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

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

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Vegan Marshmallows Market Growth Analysis by CAGR(%), Manufacturers, Types, Applications and Forecasts 2028

The vegan food industry has witnessed spectacular gains in the past few years, owing to increasing realization amongst consumers about the perceived ill-effects on human health as a result of excessive animal based food products. The popularity of plant-based confectionery is an interesting trend in this regard. Bouyed by these factors, Future Market Insights (FMI), in its recently published study, opines that global vegan marshmallows market will grow at over 8% through 2028.

The Vegan Society estimates that demand for plant-based meat alternatives surged by nearly 1000% across the U.K in 2017, while 62% of the population purchased plant-based milk in 2020. Such trends are generating credible expansion possibilities for prominent vegan marshmallow manufacturers.

The surging demand is also attributed to increasing preference for clean label and GMO free foodstuffs. High preference for halal and kosher food items is prompting confectionery giants to offer vegan alternatives.

Key Takeaways

  • Global vegan marshmallows market to exhibit value CAGR exceeding 8% through 2028
  • Premium vegan marshmallows to generate over half of the revenue share by 2020-end
  • Vanilla and peppermint top-selling flavors
  • Health & wellness stores to register remarkable growth, expanding at a staggering 10.4% CAGR across the forecast period
  • North America to remain the dominant vegan marshmallows market, surpassing US$ 100 Mn by 2020-end

“Increasing demand for clean-label certifications, including halal and kosher, across prominent regions is motivating vegan food manufacturers to introduce plant-based marshmallows with unique flavor combinations, positively driving market growth,” says the FMI analyst.

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COVID-19 Impact Analysis

The novel coronavirus pandemic has ushered in a sea change in consumers’ dietary preferences, with sales of plant-based and vegan foodstuffs spiking across all continents. Growing apprehensions about possible infection contraction through zoonotic channels have compelled consumers to abandon meat consumption and choosing safer alternatives.

This precautionary behavior has also penetrated the marshmallows market, with prominent manufacturers augmenting production of different flavored vegan marshmallows. According to a Veganuary survey, 32% of participants revealed that they were consuming more vegan foods across the UK, US, Latin America and Germany since the pandemic’s outbreak.

Hence, the prospects for vegan marshmallows has been broadening since the past several months. The market is expected to further aggrandize in the upcoming forecast period, with consumers expected to rely largely on clean-label and naturally derived foods way after the pandemic has subsided.

Competitive Landscape

The global vegan marshmallows market is characterized by the presence of various prominent vegan product manufacturers who are effectively leveraging the prevailing clean-label products consumption trends to flood regional markets with innovative flavor combinations.

Some leading players profiled in FMI’s vegan marshmallows market research report include Freedom Confectionery, Chicago Vegan Foods, Mr. Mallo Group, The Naked Marshmallow Co., Ananda Foods Ltd. & The Marshmallowist among others.

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More Insights on FMI’s Vegan Marshmallows Report

Ingredient

  • Vanilla
  • Pumpkin
  • Peppermint
  • Chocolate
  • Others

Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Store
  • Drug Stores & Pharmacies
  • Health & Wellness Stores
  • Online Retailing
  • Other Retailers

Pricing

  • Economic
  • Premium

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
  • Europe (EU-4, U.K, BENELUX, Russia, Poland & Rest of Europe)
  • APEJ (China, India, ASEAN, Australia & New Zealand, South Korea & Rest of APEJ)
  • Japan
  • Middle East & Africa (GCC, South Africa & Rest of MEA)

Frequently Asked Questions

  • How will the global vegan marshmallows market expand until 2028?
  • Which is the largest market for vegan marshmallows?
  • How is COVID-19 impacting the vegan marshmallows market growth?
  • Which are the prominent players operating in the market?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

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Vegan Protein Bars Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2028

According to a new study by Future Market Insights (FMI), the vegan protein bars market will surge at 12% CAGR between 2020 and 2028. Rising focus on health and wellness, soaring environmental concerns, and increasing awareness regarding animal cruelty have been fuelling the demand for vegan products worldwide. This is in turn is driving the vegan protein bars market, finds FMI.

Vegan protein bars are nutritional bars created through plant based sources like hemp, soybeans, legumes, grains, vegetables, nuts and seeds. These bars are enhanced with fibers that help in ensuring better digestion, absorption, reduction in gas and bloating and contribute towards improved motility.

Increasing awareness regarding the benefits of veganism and plant based diets is fuelling the  demand for vegan protein bars. Growing fitness trends have been creating lucrative prospects for food items with gluten free, sugar free, anti-allergic, and low carb properties.

According to the International Health, Racquet & Sportsclub Association (IHRSA), 2019 marked impressive returns for the fitness industry. An IHRSA report found that the revenue of the global industry totaled US$94 Bn in 2019.

With an increasing number of people focusing on maintaining a healthy lifestyle and adopting various fitness regimes the demand for vegan protein bars is expected to soar.

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Key Takeaways from the Vegan Protein Bars Market Report

  • The vegan protein bars market is expected to reach a value of US$ 883.4 Mn in 2020 and is expected to continue growing at a positive CAGR through the forecast period
  • Europe is expected to offer lucrative growth opportunities due to rising flexitarian population in the region
  • Nuts based vegan protein bars sales are likely to surge due to increasing demand from people for anti-oxidants and fibers in the bars
  • Inconsistent prices of raw materials and wavering supply act as major limitations to market growth

“Veganism is growing in popularity around the world and this in turn is creating lucrative prospects for the growth of the market. According to Google Trends, the online popularity of veganism has nearly doubled itself in the last five years. The trend is likely to continue, creating lucrative prospects for the vegan protein bars market,” said an analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various sectors including the vegan protein bars market. Transport restrictions have created obstacles for sourcing raw materials. Production as well was hampered during lockdown imposed to curb the spread of the virus. Players are expected to experience a downward trend due to the lack of demand and supply.

The market is expected to bounce back gradually from 2021 onwards. Increasing caution regarding health and fitness is expected to fuel demand in the market.

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Who Is Winning?

Companies operating in the market are focusing on product launches. They are emphasizing on improving the taste, texture, and nutritional values of vegan protein bars.

For instance, in June 2020, Nestle introduced a new variety of YES! Snack bars created from nuts and peas. Recently launched Larabar vegan protein bars also have gained immense popularity globally due to their less but healthy ingredient list, according to Women’s Health magazine.

Some of the companies are focusing on mergers and acquisitions as their key strategies to gain competitive advantage.

  • For instance, one of the leading names in the market – Hershey has recently acquired ONE Brands to expand its existing protein bars product portfolio.
  • Earlier In 2017, the venture capital unit of General Mills invested in D’s Naturals, a manufacturer of low-sugar, vegan No Cow protein bars.

Some of the key players active in the market are PepsiCo Inc., BHU Foods, General Mills Inc., Danone, Garden of Life LLC, Clif Bar and Company, Health Warrior, Raw Rev, Simply Protein, Gomacro, PROBAR LLC, NuGo Nutrition and ALOHA.

Valuable Insights into The Vegan Protein Bars Market Report

In its latest report, Future Market Insights (FMI) has presented a detailed analysis on the vegan protein bars market along with an assessment for the years 2020-2028. In order to provide a comprehensive analysis, the market has been divided into several segments. Based on the nature, the market is divided into organic and conventional. The conventional segment displays major shares in the market. On the basis of ingredients, the market is segregated into soy, pea, nuts and others.

The market is segmented based on the distribution channel into hypermarkets/supermarkets, convenience stores, drug stores & pharmacies, health & wellness stores, online retailing and other retailers. On the basis of geography, the market is segregated into North America, Latin America, Europe, Japan, APEJ and Middle East & Africa.

Frequently Asked Questions

  • How Big is the Vegan Protein Bars Market?
  • What is the North America Vegan Protein Bars Market Outlook?
  • At What Rate will Vegan Protein Bars Demand Grow in Europe?
  • What Are the Key Trends Shaping the Vegan Protein Bars Market?
  • What share of Vegan Protein Bars Demand comes from China?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

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

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Plant-based Cheese Market Latest Research Highlighting Current and Future Trends to 2032

The sales of Plant Based Cheese Market is estimated to be valued at US$ 1,530.2 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 3,416.6 Mn by 2032, rising at a CAGR of 8.4% for 2022-32.

Plant-based cheese has a range of health benefits such as lower blood glucose levels, increased insulin tolerance, and a lower risk of type 2 diabetes, to name a few. Additionally, for those who are sensitive to dairy products, plant-based cheese is highly suggested.

Factors such as the rise in acceptability of allergen-free and plant-based meals can be linked to the fast growing market for plant-based cheese over the last few years. Veganism’s societal acceptability has roughly doubled in the last five years, reaching an all-time high. Veganism is gaining popularity, especially when celebrities endorse the practice.

The growth of the plant-based cheese market has been fuelled by an added focus on eco-friendly products. The dairy farm accounts for more than 92 % of the greenhouse gas emissions associated with cheese production. Plant-based cheese is far more eco-friendly, which is why it is becoming increasingly popular.

North America presently controls the majority of the global plant-based cheese market. North America’s progress is being aided by an increase in the number of people in the region embracing a vegan diet, as well as a rise in environmental awareness. EMEA is the second-largest market for plant-based cheese across the globe, with excellent development possibilities in the next years.  In Europe, the growing vegan community is contributing to the growth of the plant-based cheese sector.

Oat milk is an excellent choice for making plant-based cheese because of its numerous nutritional benefits. Oat milk is high in vitamin B and beneficial to bone health. It also provides several health benefits. It is ideal for people with food sensitivity, lactose sensitivity, and other food sensitivities because it is lactose and gluten free.

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Key Takeaways from Market Study

  • The plant based cheese market is expected to expand at CAGRs of 31.4% and 26.8% in Europe and America, through 2032.
  • Market share of oat milk increased by 19% to reach USD 277 Mn in 2021.
  • The North American plant based cheese market is currently pegged at USD 580 Mn.
  • Growing consumer demand for healthy and nutritious foods, as well as rising vegetarianism, are propelling sales of plant-based cheese across the globe.
  • The outbreak of COVID-19 has had a good impact on the popularity of vegan cheese. For a variety of reasons, including supply shortages amongst traditional meat and dairy products and health concerns, consumers are increasingly turning to plant-based substitutes.

 “Producers of plant-based cheese could generate revenue if they focus on the non-dairy market. The vegan-based ingredients sector could be a prospective market for plant-based cheese, which is expanding in popularity around the world.” says a Future Market Insights analyst.

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Competitive Landscape

Key players in the plant-based cheese market are emphasizing their efforts on research and development in order to improve the quality of their products.

Daiya Foods Inc. introduced a new service platform in October 2021, with the goal of assisting operators in meeting rising consumer requirements for plant-based foods. This new portal intends to increase the company’s presence on university campuses, eateries, and healthcare facilities.

Following the debut of the firm’s Flora brand in 2020, Violife Cheese, manufactured by Upfield Holdings B.V entered the Middle Eastern market in July 2021. The product is available in the United Arab Emirates, Saudi Arabia, Doha, Oman, and Bahrain.

Segments Covered in Plant Based Cheese Market Analysis

Source:

  • Oat Milk source
  • Rice Milk Source
  • Corn Milk Source
  • Soy-Milk Source
  • Pea Milk Source
  • Almond Milk Source
  • Coconut Milk Source
  • Cashew Milk Source
  • Flax Milk Source
  • Hemp Milk Source
  • Other Milk Source

Distribution Channel:

  • B2B
    • Hotels
    • Restaurants
    • Cafes
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

Region:

  • North America
  • Latin America
  • Europe
  • Asia
  • Oceania
  • MEA

Frequently Asked Questions

  • How much is the current worth of plant based cheese market?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the demand outlook forecast for the plant based cheese market?
  • Who are the top 5 players operating in the market?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for plant based cheese?
  • What outlook does Europe provide?
  • At what rate will the U.S. plant based cheese market grow?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

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

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Plant-based Tuna Market Value with Status and Global Analysis | Future Plans and CAGR Forecast by 2030

The global plant-based tuna market is expected to exhibit a CAGR of  17.9% between 2020 and 2030, finds Future Market Insights (FMI) in a new study.  The awareness regarding health and wellness is growing because of which consumers are preferring food derived from natural and healthy sources.

Plant-based foods are nutrient-rich and have no added taste or chemicals, which helps in controlling level of body weight, cholesterol, and blood pressure and help prevent diseases such as cardiovascular diseases and obesity. Consumption of plant-based food products is increasing because the cognizance of health benefits associated with them. Increasing consumption of plant-based food products is in turn creating growth opportunities for the plant-based tuna market.

As a result of the unprecedented spread of COVID-19, the consumption of animal based products has significantly reduced. Consumers are preferring plant-based products over animal based products also because of rumors associating the virus’s spread with meat consumption. This has been fuelling the demand for alternative meat products, which is expected to increase the demand for plant-based tuna products.

FMI’s report on the market for plant-based tuna provides a comprehensive overview of the plant-based tuna market. It covers prevalent trends, growth drivers, opportunities, and potential restraints. The outcome of various strategies implemented by the key participants is studied in detail in the report.

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It includes in-depth insights into the plant-based tuna market. Some of these are:

  • Soy has emerged as the preferred source in the market and the trend is likely to continue over the forecast period
  • Europe has emerged as the leading market for plant-based tuna, however, growth witnessed in Asia Pacific is likely to be at a higher pace
  • While food service sector continues to remain highly preferred sales channel, sales via retail sector is expected to surge at a higher pace
  • The demand for frozen plant-based tuna is expected to surge at a higher pace in comparison to other formats available in the market

“Driven by changing consumer preferences some of the leading names in the food service sector are including plant-based tuna in their menu. Besides this, collaboration between various producers and food franchises is underway, which is likely to give impetus to the global market,” says FMI analyst.

Demand to Increase with Rising Flexitarian Population

Consumers worldwide have become more interested in plant-based foods, including plant-based tuna. Growing prevalence of obesity and related diseases are making consumers more conscious about their health. As a result of this preference for food and beverage items that are natural and low in fat and calories is increasing. The plant-based food sector is rising due to this factor.

The rise in flexitarians is attributable for plant-based tuna’s popularity. Many consumers consider flexitarianism as an achievable dietary shift. This has been creating growth prospects for the plant-based tuna market.

The flexitarian diet trend is significantly increasing due to which key manufacturers of plant-based tuna are focusing on strengthening their distribution channel across the world.

For Instance- In March 2020, Good Catch raised US$ 32 funds from Lightlife parent company Greenleaf Foods and General Mills venture arm 301 Inc. The company raised funds to expand distribution channels in Europe, Asia Pacific, and North America.

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Who is Winning?

Some of the key players operating in the plant-based tuna market are Nestlé S.A., Good Catch, Ocean Hugger Foods, Sophie’s Kitchen, New Wave Foods, Gardein, Beyond Meat, Prime Roots, BlueNalu, Avant Meats, Atlantic Natural Foods, and others.

The key players of plant-based tuna are investing in research and development to produce high-quality products. Consequently, a slew of launches are recorded in the market, which is aiding its overall expansion. For instance:

  • In November 2018, Atlantic Natural Foods launched a plant-based tuna alternative, which is named Tuno. Tuno is made with a wide range of plant based ingredients.
  • In August 2020, Nestle SA, one of the world’s largest food companies, has launched Plant-based Tuna, which contains six plant-based ingredients, with pea protein being the key component. It has also added ‘faux tuna’ to its portfolio of plant-proteins.

Get Valuable Insights into Plant-Based Tuna Market

Key Segments

Format

  • Refrigerated
  • Frozen
  • Others

Source

  • Soy-based Protein
  • Wheat-based Protein
  • Pea-based Protein
  • Canola-based Protein
  • Fava Bean-based Protein
  • Potato-based Protein
  • Rice-based Protein
  • Lentil-based Protein
  • Flax-based Protein
  • Chia-based Protein
  • Corn-based Protein

Distribution Channel

  • Retail
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Food Stores
  • Online Retail
  • HoReCa (Food Service Sector)

Regional Outlook

  • North America – U.S., Canada
  • Latin America – Mexico, Brazil, Rest of Latin America
  • Europe – EU-4, U.K., BENELUX, Nordics, Russia, Poland Rest of Europe
  • Middle East and Africa – GCC Countries, Turkey, Northern Africa,South Africa, Rest of MEA
  • East Asia – China, Japan, South Korea
  • South Asia – India, Thailand, Malaysia, Indonesia, Singapore, Rest of South
  • Oceania – Australia, New Zealand
  • Frequently Asked Questions
    • At what rate the plant-based tuna market is forecast to grow?
    • Which is the largest market for plant-based tuna?
    • Which are the top companies in the plant-based tuna market?
    • What is the outlook on the plant-based tuna market?
    • What are the key challenges witnessed in the plant-based tuna market?
    • Which is the most lucrative segment in terms of source in the plant-based tuna market?
    • What are key trends driving the plant-based tuna market?

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Frequently Asked Questions

  • At what rate the plant-based tuna market is forecast to grow?
  • Which is the largest market for plant-based tuna?
  • Which are the top companies in the plant-based tuna market?
  • What is the outlook on the plant-based tuna market?
  • What are the key challenges witnessed in the plant-based tuna market?
  • Which is the most lucrative segment in terms of source in the plant-based tuna market?
  • What are key trends driving the plant-based tuna market?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

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

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs