Market Research Blog – Page 1192 – New Product Development

Asia Pacific Waterproofing Chemicals Market: Driving Growth Through Urbanization and Infrastructure Development

By the end of 2033, the Asia Pacific waterproofing chemicals market is projected to achieve a valuation of approximately USD 1,223.1 million, driven by a robust compound annual growth rate (CAGR) of 9.6% from 2023. In 2023, the market is anticipated to exceed USD 491.1 million, underscoring a significant growth trajectory fueled by increasing construction activities and a rising demand for effective moisture protection solutions across the region.

Waterproofing chemicals are widely used in the construction sector. They play a vital role in preventing the structures from water damages.

The construction sector is expanding rapidly due to rising infrastructure development and urbanization. This increasing demand for waterproofing chemicals reflects the importance of these chemicals in protecting structures from water damage.

Waterproofing chemicals are essential in the building sector as they protect structures from water damage and ensure their lifetime & durability. Infrastructure expansion, urbanization, and real estate projects are driving considerable growth in the construction sectors. As builders and contractors prioritize the implementation of effective waterproofing solutions, demand for waterproofing chemicals would expand.

There is a growing emphasis on sustainable construction practices, including the use of eco-friendly materials and energy-efficient building systems. This trend has influenced demand for sustainable waterproofing chemicals that are non-toxic. A few chemicals that are low in volatile organic compounds (VOCs) and have minimal environmental impact are also expected to witness high demand.

Growing tourism sector in Asia Pacific might present significant opportunities for the waterproofing chemicals market. Several countries in the region such as Thailand, Malaysia, Indonesia, Vietnam, and the Philippines are popular tourist destinations, attracting millions of visitors each year.

Surging tourism might push the construction and expansion of hotels, resorts, theme parks, and other hospitality establishments. It is likely to help in creating a rising demand for effective waterproofing solutions.

Waterproofing chemicals that offer enhanced protection against harsh environmental factors can find a strong demand in coastal developments in the tourism sector. Meeting unique requirements of the tourism sector and delivering reliable waterproofing solutions might drive growth and establish a strong presence in this market.

Key Takeaways from Asia Pacific Waterproofing Chemicals Market Study:

Asia Pacific waterproofing chemicals industry witnessed a CAGR of 5% over the historical period from 2018 to 2022.
Malaysia waterproofing chemicals industry is likely to expand at a CAGR of 2% during the forecast period from 2023 to 2033.
By technology type, the membrane type segment is set to surge at a CAGR of 7% during the forecast period.
Thailand waterproofing chemicals industry is set to exhibit a CAGR of 6% through 2033.
Vietnam waterproofing chemicals industry is estimated to witness a CAGR of 2% during the evaluation period.

“Growing awareness and attention on catastrophe resilience are two leading factors contributing to market expansion. Waterproofing solutions are becoming increasingly important as Asia Pacific nations experience more frequent natural disasters such as floods and typhoons. They could aid in preventing water-related harm to infrastructure, buildings, and residences.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Manufacturers of waterproofing chemicals in Asia Pacific are investing in research & development to produce new and improved waterproofing chemical products. This involves creating formulations that are more useful, environmentally friendly, and meet unique requirements of various sectors.

Manufacturers are also diversifying their product lines to provide a wide range of waterproofing solutions in order to satisfy the market’s various expectations. To service a wide range of customers, they are accommodating numerous construction kinds, materials, and climatic circumstances.

Several other significant businesses divide their target areas depending on a variety of criteria, including location, market, and client demands. They can adjust their marketing and product offers by comprehending the distinctive needs of various sectors.

For instance,

Saint-Gobain opened a cutting-edge waterproofing chemicals facility in Malaysia in May 2021, occupying a sizable 50,000m2 space. Modern Saint-Gobain manufacturing techniques are on display at this facility. It produced a variety of waterproofing and waterproofing chemical solutions, demonstrating extraordinary versatility. The facility also concentrates on creating 3D printing solutions, which helps the business take lead in this newly expanding market niche.

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Get More Valuable Insights into the Asia Pacific Waterproofing Chemicals Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the Asia Pacific waterproofing chemicals industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the Asia Pacific market potential, growth, and scope, the market is segmented based on technology type (membrane type, coatings, injection grouting, and integral systems), sales channel (direct sales, retail stores, distributor and wholesalers, online, and DIY), end user (commercial, residential, infrastructure, industrial, and others), and country (Thailand, Vietnam, Malaysia, Indonesia, and Guatemala).

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. 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.

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Exploring the Purified Phosphoric Acid Market: Opportunities in Water Treatment and Preservation

Global demand for purified phosphoric acid is expected to grow at a CAGR of 4.7% from 2023 to 2033. The purified phosphoric acid industry is witnessing significant growth, driven by rising demand from the pharmaceutical, and food and beverage sectors.

Demand remains particularly high for food-grade purified phosphoric acid due to rising usage in the thriving food & beverage sector. As per the latest analysis, food grade phosphoric acid segment holds around 37% share of the global market.

The focus in the market is on producing and distributing high-quality purified phosphoric acid to meet the specific requirements of diverse sectors. Manufacturers are actively expanding their production capacities, with a particular emphasis on pharmaceutical-grade products, which offer greater profit margins.

Growing usage of purified phosphoric acid for making a wide range of pharmaceutical formulations are expected to boost the target market during the assessment period.

Purified phosphoric acid is being widely used as an API, excipient, acidulant, and buffering agent in the pharmaceutical sector. It enhances therapeutic properties and improves drug stability, solubility, and bioavailability.

Increasing spending on pharmaceutical products due to rising prevalence of chronic diseases and growing health awareness will positively impact purified phosphoric acid sales.

Rising popularity of purified phosphoric acid as an ideal preservative and acidulant in the food & beverage sector will further boost the market.

The growing demand for purified phosphoric acid in the electronic sector is driven by its vital role in producing semiconductors, PCBs, and electronic displays. Overall, the purified phosphoric acid market is poised for continued growth in the future

Key Purified Phosphoric Acid Market Insights

The global purified phosphoric acid (PPA) market is experiencing significant growth, driven by several key factors:

End-Use Sector Growth: Strong demand from the pharmaceutical and food & beverage industries is elevating the need for purified phosphoric acid.
Fertilizer Demand: The rising requirement for high-quality fertilizers worldwide is expected to propel PPA sales.
Animal Nutrition and Water Treatment: Increased use of PPA in animal nutrition and water treatment applications may further enhance market growth.
Food Preservation: The popularity of purified phosphoric acid as a preservative and acidulant in the food & beverage sector is anticipated to create new opportunities.
Pharmaceutical Applications: A growing demand for pharmaceutical products that utilize PPA in their production is likely to provide substantial prospects for manufacturers.
Wet Process Adoption: The increasing preference for wet process phosphoric acid is projected to contribute positively to the market dynamics.

Key Takeaways from the Market Report:

The global market of purified phosphoric acid is projected to witness a CAGR of 7% through 2033.
By application, pharmaceutical segment dominates the global market with a share of around 28%.
By product type, food grade segment is anticipated to thrive at 8% CAGR during the forecast period.
East Asia and North America together hold around 60% of the global purified phosphoric acid industry.
The United States purified phosphoric acid industry is likely to witness steady growth during the projection period.
Purified phosphoric acid demand in China is likely to rise at a significant pace through 2033.

“Rising demand from pharmaceutical and food & beverage sectors, with a focus on producing high-quality products directly increases the consumption of purified phosphoric acid in the global market. Prominent manufacturers are expanding production capacity and updating product portfolio, with pharmaceutical grade products offering higher profit margins.” – says a lead analyst at FMI

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Who is Winning?

The market is controlled by prominent manufacturers, with a market share ranging from 40% to 45% globally. These manufacturers of purified phosphoric acid are persistently investing in production capacity and updating their product portfolios. They also implement strategies such as agreements, partnerships, mergers, collaborations, and acquisitions to strengthen their market presence. For instance,

In 2022, Nutrien Ltd. and Innophos Holdings, Inc. entered into a three-year agreement for the supply of Purified Phosphoric Acid (PPA).

Leading players in the Purified phosphoric Acid Market

Nutrien Ltd.
The Mosaic Company
Ma’aden Wa’ad Al-Shamal Phosphate Company (MWSPC)
ICL Group Ltd.
Hubei Xingfa Chemicals Group Co., Ltd
Yara International ASA
OCP Group
Jordan Phosphates Mines Company
The Mosaic Company
OCI Co. Ltd.

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Enhancing Visibility and Protection: The Future of Transparent Coatings in Various Applications

In 2023, the market for transparent coating was valued at USD 16.6 billion. The market is anticipated to grow at a 6.5% CAGR during the forecast period, reaching USD 31.2 billion by 2033. The market for transparent coatings is being propelled by their expanding applications in solar panel, concrete, wood, glass, metal, plastics, and optics.

The growing industrial and commercial construction in the urban areas is one of the key driver for transparent coatings market. These coatings are extensively used to cover the glass facades of commercial infrastructure like office buildings and shopping complexes. Their self-cleaning, anti-reflection, anti-glare and UV resistant characteristics are useful in maintaining the energy efficient office atmospheres. The rising development in commercial construction across the developed and developing countries is expected to augment the growth of global transparent coatings market.

The transparent coating industry is benefiting from increased customer demand for transparent and clear thin layer coatings to maintain product visibility while improving surface qualities. In the coming years, the use of nanotechnology in transparent coatings will offer up new application prospects for these coatings.

The global transparent coatings market is dominated by a few countries that lead the production and end-use sector for these coatings. The increasing use of transparent coatings in solar energy sector is expected to pave the way for their market growth in emerging countries like middle east and India. Although the significant consumption from wood, metal and glass applications is expected to drive the market growth in America, Europe and East Asian Countries.

The demand for transparent coatings is being driven by several key factors:

Rising Demand for Surface Protection: The need for protective finishes in various applications, including automotive, industrial, and consumer goods, is boosting the market for transparent coatings. These coatings enhance durability and resistance to scratches, UV radiation, and environmental factors.
Increasing Use of Transparent Hydrophobic Coatings: There is a growing trend towards hydrophobic coatings that provide water resistance, making them popular in various sectors, including electronics, textiles, and construction. These coatings help prevent water damage and improve product longevity.
Growing Use of Glass Facades in Commercial Infrastructure: As urbanization increases, the use of glass facades in commercial buildings is on the rise. Transparent glass coatings enhance aesthetics and performance, providing UV protection and improving energy efficiency.
Efficiency Improvements in Solar Panels: Transparent coatings are being applied to solar panels to enhance their efficiency by reducing surface reflection and dirt accumulation. This trend is expected to drive market growth as the demand for renewable energy solutions increases.
Preservative Applications for Wood and Metal: The rising use of transparent coatings as preservatives for wood and metal surfaces is augmenting market growth. These coatings protect against corrosion, weathering, and other forms of degradation, extending the life of materials in construction and furniture applications.

Key Takeaways from the Transparent Coatings Market:

The transparent coatings industry in the United States is predicted to reach US$ 5.0 billion by 2033, increasing at a 6.0% CAGR.
The transparent coatings industry in the China is estimated to reach a market size of US$ 4.4 billion, expanding at a CAGR of 6.8% by 2033.
During the forecast period, the transparent coatings industry in India is expected to reach a market share of US$ 3.7 billion, securing an 7.2% CAGR.
The transparent coatings industry in Germany is predicted to reach US$ 3.1 billion by 2033, increasing at a 5.7% CAGR.
Japan’s transparent coatings industry is predicted to achieve a market share of US$ 2.5 billion, rising at an 5.9% CAGR during the forecast period.
With a CAGR of close to 7% from 2023 to 2033, the protective coating segment is expected to dominate the transparent coatings by coating type.
With a CAGR of more than 10% from 2023 to 2033, the solar panel segment is expected to dominate the transparent coatings by application.

How Does the Competition Look in the Transparent Coatings Market?

The market for Transparent Coatings is fragmented, with intense competition among the large number of market participants. To increase their market position, these businesses are concentrating on expanding their production capacity and sales footprints. Several significant participants in this industry comprise Woodver, Wincoat, TWI Ltd., NEI Corporation, and Holland Shielding Systems BV among other companies.

The main players are particularly investing in R&D projects to develop products tailored for specific applications and discover new applications for transparent coatings. To satisfy the shifting needs of customers, they are also focusing on extending their product line and strengthening their distribution networks.

Key firms in the transparent coatings sector frequently participate in mergers and acquisitions to strengthen their positions in the market, broaden their product offerings, and get access to new markets. To gain an advantage in these markets, they are also concentrating on providing clients with cost-effective and renewable solutions.

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Key Players in the Market

Woodver
Wincoat
TWI Ltd.
NEI Corporation
Holland Shielding Systems BV
HeiQ Materials AG
Denton Vacuum
IRO Coating Additive Co. Ltd.
MAC Thin Films
Isonem Paint & Insulation Technologies
Maris (Saint-Gobain)
Nippon Paint (India) Private Limited
NEXT Energy Technologies

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Sustainable Development in the Plastic-Rubber Composite Market: A Shift Towards Recyclable Materials

The global plastic-rubber composite market is projected to surpass USD 3,638.5 million by 2033, driven by increasing demand across various industries, including automotive, construction, and consumer goods. This growth, anticipated at a compound annual growth rate (CAGR) of 5.3% during the forecast period, can be attributed to the superior properties of plastic-rubber composites, such as enhanced durability, flexibility, and resistance to environmental factors. As industries seek lightweight and high-performance materials to improve product efficiency and sustainability, the adoption of plastic-rubber composites is expected to rise significantly, further propelling market expansion and innovation in material formulations.

Compared to conventional materials, plastic-rubber composites offer more design and flexibility. Manufacturers focus on creating unique and aerodynamic designs which can be molded into intricate shapes and integrated with other parts. This adaptability makes it possible to create vehicles with interiors and exteriors that are both sleek and aesthetically pleasing.

In order to increase fuel efficiency and meet strict emission requirements, manufacturers are putting more and more effort into making their vehicles lighter. These composite blends provide a lightweight substitute for conventional materials like metal, assisting in total vehicle weight reduction and fuel efficiency improvement and offering cost advantages over traditional materials. They often require less energy and lower production costs during manufacturing processes like injection molding. The ability to produce complex shapes in a single operation reduces assembly costs, making plastic rubber composites an economically viable option for automobile manufacturers.

The plastic-rubber composite market is experiencing significant growth due to several key drivers:

Demand for Lightweight and Cost-Effective Materials: As industries seek to reduce weight and costs in their products, plastic-rubber composites offer an attractive alternative. Their lightweight nature contributes to overall efficiency and performance, especially in sectors like automotive and aerospace.
Customization and Performance: Customers are increasingly looking for performance-based materials tailored to specific applications. The ability to customize plastic-rubber blends allows manufacturers to meet diverse needs, enhancing the appeal of these composites.
Preference for Soft Components: There is a noticeable shift towards softer materials compared to traditional hard components like plastic-metal blends. This trend is driven by the need for improved flexibility, comfort, and safety in applications such as consumer goods and automotive interiors.
Industrial Applications and Sustainability: The rising demand for plastic-rubber composites in various industrial applications, coupled with a growing preference for sustainable materials, is further propelling market growth. Manufacturers are focusing on eco-friendly solutions that align with environmental regulations and consumer preferences for sustainability.

The plastic-rubber composite market is evolving rapidly, reflecting a range of latest trends that are shaping its future. Here are some key trends currently influencing the market:

Sustainable Plastic-Rubber Blends: There is a growing emphasis on developing sustainable plastic-rubber blends. Manufacturers are increasingly focusing on using recyclable materials and bio-based polymers, which helps reduce environmental impact and appeals to eco-conscious consumers.
Minimizing Environmental Impact: As companies strive to meet circular economy goals, there is a heightened demand for eco-friendly composite solutions. This trend is driven by regulatory pressures and consumer expectations for sustainable products, leading to innovations in material sourcing and production processes.
Incorporation of Smart Features: The integration of smart features such as sensors, connectivity, and enhanced functionality is becoming more prevalent in plastic-rubber composites. Industries like automotive, electronics, and healthcare are increasingly looking for intelligent products that offer advanced capabilities, boosting the demand for technologically sophisticated composite solutions.
Enhanced Functionality: Along with smart features, there is a trend toward improving the overall functionality of plastic-rubber composites. This includes advancements in mechanical properties, durability, and resistance to environmental factors, making these materials suitable for a wider range of applications.

Key Takeaways from the Plastic-Rubber Composite Market:

The Plastic-Rubber Composite industry in the United States is predicted to reach US$ 531.9 million by 2033, increasing at a 4.7 % CAGR.
The Plastic-Rubber Composite industry in India is estimated to reach a market share of US$ 163.0 million, expanding at a CAGR of 5.2% by 2033.
During the forecast period, the Plastic-Rubber Composite industry in China is expected to reach a market share of US$ 995.5 million, securing a 5.5 % CAGR.
The Plastic-Rubber Composite industry in Japan is predicted to reach US$ 193.6 million by 2033, increasing at a 5.2 % CAGR.
With a CAGR of 5.1% from 2022 to 2033, the Automotive industry is expected to dominate the Plastic-Rubber Composite industry.
With a CAGR of 4.3% from 2022 to 2033, the Industrial Equipment industry is expected to dominate the Plastic-Rubber Composite industry.

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How Does the Competition Look in the Plastic-Rubber Composite Market?

The market is Consolidated, with key players vying for market share. Key players in the industry are focusing on innovative applications, such as aerospace. They are also expanding their product portfolio to include new and emerging applications, such as sealing, resistance to UV radiation, and long-term durability. This helps them to reach a wider range of customers and grow their business. Several significant participants in this industry comprise BASF SE, Dow Inc., DuPont de, Nemours, Inc, Solvay S.A., Arkema S.A., Covestro AG, Mitsui Chemicals, Inc., LG Chem Ltd., SABIC, Sumitomo Chemical Co., Ltd., LANXESS AG, Evonik Industries AG, Celanese Corporation, Toray Industries, Inc., Teijin Limited, PolyOne Corporation, LyondellBasell Industries N.V., Kraton Corporation, Trinseo S.A., Mitsubishi Chemical Holdings Corporation, among other companies.

Market participants engaging in the production of plastic-rubber composites are moving towards the use of additive manufacturing processes, particularly 3D printing. Rapid prototyping, complex geometry, and customization made possible by 3D printing open up new design opportunities and shorten the time it takes to develop new products.

Automation technologies are being invested in by manufacturers of plastic and rubber composites to lower production costs, boost productivity, and improve product quality. Sensors and wireless technology help collect important data that is utilized to increase productivity and decrease errors.

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South Korea Citrus Aurantium Extract Market Analysis: Growth at 6.6% CAGR by 2034

The South Korea Citrus Aurantium Extract market is projected to grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2034. Citrus Aurantium, commonly known as bitter orange, is gaining traction due to its wide range of applications in the pharmaceutical, dietary supplement, and cosmetic industries. The market’s expansion is driven by growing consumer awareness of its natural health benefits and its increasing use in weight management and fat-burning supplements.

The citrus aurantium extract market is brewing a promising future, with a projected market value of USD 5.7 billion by 2034. This translates to a steady growth trajectory at a CAGR (Compound Annual Growth Rate) of 3.8% from 2024. Investors in the health and wellness sector should take note of this burgeoning market driven by consumer interest in natural ingredients and functional products.

Citrus aurantium extract, also known as bitter orange extract, is derived from the dried fruit of the bitter orange tree. This extract boasts a range of potential health benefits, making it a sought-after ingredient in various industries.

Demand on the Rise: Consumers Craving Natural Solutions

Weight Management: The extract is a popular ingredient in weight loss supplements, with some consumers believing it can suppress appetite and boost metabolism. However, scientific evidence to support these claims is limited.
Energy Enhancement: Citrus aurantium extract is known for its stimulating properties, leading to its use in pre-workout supplements and energy drinks. However, safety concerns regarding potential interactions with medications and cardiovascular risks require further research.
Essential Oils: The extract’s pleasant aroma and potential therapeutic properties make it a valuable addition to essential oil blends used for aromatherapy.
Pharmaceuticals: Citrus aurantium extract is used in some medications to mask unpleasant tastes.
Food and Beverages: The extract can be used as a natural flavoring agent in food and beverages.

The citrus aurantium extract market is flourishing due to several key trends:

Natural and Organic Preference: Consumers are increasingly seeking natural and organic ingredients, driving demand for botanical extracts like citrus aurantium.
Functional Food and Beverage Boom: The rise of functional foods and beverages, enriched with health-promoting ingredients, presents an opportunity for citrus aurantium extract.
Technological Advancements: Innovations in extraction and formulation techniques are streamlining production and improving the quality and consistency of the extract.
Global Expansion: Growing interest in citrus aurantium extract in regions like Asia Pacific presents exciting opportunities for market expansion.

Key Takeaways:

The citrus aurantium extract market offers a stable and growing investment opportunity with a projected CAGR of 3.8%.
Rising demand for natural ingredients in weight management, energy drinks, essential oils, and functional food and beverages is driving market growth.
Investment in companies focused on research, safety measures, sustainable sourcing practices, and global expansion presents high potential returns.
Uncertainty surrounding the scientific backing of some applications and potential health risks necessitates caution and responsible marketing.

Country-wise Insights:

The section below highlights the CAGRs of the leading countries in the Citrus Aurantium Extract market. The three main countries pushing Citrus Aurantium Extract demand include United States, United Kingdom, China, South Korea, Japan.

Competition Outlook

Key players in the citrus aurantium extract market are executing stringent measures across manufacturing processes to ensure a consistent supply of standardized extracts. Players are also addressing safety concerns related to this extract by responsibly emphasizing clear labeling, which mentions the p-synephrine content and possible side effects. In addition, companies are focusing on sustainable sourcing practices and supervising raw materials to ensure they are contaminant-free.

Industry leaders are allocating huge funds to research studies. These studies are aimed at substantiating the potential benefits of bitter oranges and addressing safety concerns related to them. This also involves funding for clinical trials to explore bitter orange’s efficacy in certain applications like athletic performance or weight management. Players are further expanding into geographies where citrus aurantium extract is gaining popularity among the population.

Companies are making technological advancements in the extraction and formulation of citrus aurantium extract to streamline the production process. Default strategies like strategic partnerships and strengthening of distribution channels go a long way for players to expand their footprint.

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Players Profiling

Sabinsa Corporation

Sabinsa Corporation, a United States-based firm, has a prominent space in the health nutrition industry. The company manufactures, supplies, and promotes herbal extracts, minerals, dietary supplements, cosmeceuticals, and specialty fine chemicals. The company partakes in research and industry events to expand its reach.

BI Nutraceuticals

BI Nutraceuticals is a leading American producer of natural solutions. The company portfolio consists of botanical ingredients such as extracts, fibers, vitamin-mineral premixes, proteins, and powders, among other ingredients. The company holds sourcing expertise, unparalleled technical knowledge, high-quality standards, and distinct manufacturing technologies like extracting, blending, milling, and particle engineering.

Leading Citrus Aurantium Extract Brands

Sabinsa Corporation
Nexira
BI Nutraceuticals
JF Natural
Pharmactive Biotech Products
Others

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Buttermilk Powder Market Expected to Grow to USD 3.8 Billion by 2034, at a CAGR of 3.5%

According to Future Market Insights (FMI), the global buttermilk powder market is valued at USD 2.7 billion in 2024 and it is anticipated to reach USD 3.8 billion by 2034. Over the next decade, global buttermilk powder demand is likely to increase at a CAGR of 3.5%.

The buttermilk powder market is witnessing significant growth, driven by its versatility and functional benefits that cater to a broad spectrum of industries. Derived from the liquid by-product of butter production, buttermilk powder retains the nutritional benefits and tangy flavor of traditional buttermilk while offering advantages such as extended shelf life, convenience in storage, and ease of transportation.

In the food and beverage industry, buttermilk powder is a valued ingredient due to its ability to enhance flavor, texture, and nutritional profile. It is widely used in bakery products, including cakes, cookies, pancakes, and bread, where it improves moisture retention, imparts a tender crumb, and enriches the taste. Additionally, it serves as a critical component in sauces, dressings, soups, and marinades, providing a creamy texture and rich flavor.

In dairy products, such as ice cream, cheese, and yogurt, buttermilk powder contributes to consistency, creaminess, and an appealing taste profile. The cosmetic industry leverages the moisturizing and exfoliating properties of buttermilk powder. It is incorporated into a variety of skincare products, including facial masks, lotions, creams, and soaps, where it helps to soften, hydrate, and rejuvenate the skin.

The natural acidity and lactic acid content in buttermilk powder makes it an effective ingredient for brightening, smoothing, and exfoliating the complexion, promoting a healthier and more radiant appearance. In the animal feed industry, buttermilk powder is utilized as a nutritious supplement. Rich in proteins, vitamins, and essential nutrients, it enhances the diet of livestock, contributing to better growth rates, improved health, and higher-quality produce.

Its inclusion in animal feed formulations supports the overall well-being of animals, making it a valuable component in the agriculture sector. Buttermilk powder finds applications in the food processing industry as a functional ingredient in ready-to-eat meals, snack foods, and beverages. Its ability to act as an emulsifier, stabilizer, and flavor enhancer makes it a preferred choice for food manufacturers aiming to improve product quality and appeal.

Key Takeaways from the Buttermilk Powder Market Report:

The global buttermilk powder market is expected to reach a valuation of USD 3.8 billion by 2034.
Global demand for buttermilk powder is likely to soar at a 3.5% CAGR over the forecast period.
By Product Type, spray-dried buttermilk powder is likely to exhibit a 7.8% CAGR during the projection period.
Europe is projected to hold a dominant value share of 27.8% in the global market by 2034.
The United States buttermilk powder market is estimated to witness a value CAGR of 4.7% during the projection period.

“The buttermilk powder market is set to flourish as industries increasingly recognize its multifaceted benefits. With applications spanning from enhancing the texture and flavor of bakery products to enriching skincare formulations and boosting animal nutrition, buttermilk powder is becoming a cornerstone ingredient. This market growth is propelled by the rising demand for natural, functional ingredients and the convenience offered by buttermilk powder’s extended shelf life. As consumer trends continue to favor health and sustainability, we can anticipate a robust expansion driven by innovative uses and cross-industry collaborations.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

Hoogwegt Group, All American Foods, Contenental Dairy Facilities, LLC, Agropur, Fonterra Co-operative Group Limited, DFA Ingredients solutions, IPS-Ingredis, North Cork Creameries, Lactalis Ingredients are the key Buttermilk Powder manufacturers listed in the report.

These companies are mainly focusing on strengthening and expanding their market by launching new products. They are also using strategies such as partnerships, advertisements, acquisitions, agreements, and mergers to stay competitive in the market.

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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global buttermilk powder market presenting historical demand data (2019 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the buttermilk powder market based on product type (atmospheric roller dried and spray dried) and Sales Channel (B2B and B2C) across various regions.

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Invert Sugar Market Projected to Reach USD 3.3 Billion by 2034, Growing at a CAGR of 4.6%

The global invert sugar market is set to experience significant growth, with its value projected to reach USD 2.1 billion in 2024 and further increase at a CAGR of 4.6% during the forecast period, culminating in a total of USD 3.3 billion by 2034. This growth is attributed to the rising demand for natural sweeteners and the expanding application of invert sugar in various food and beverage products.

Invert Sugar: A Superior Sweetener

Invert sugar, produced through the chemical breakdown of sucrose, is a natural sweetener that is sweeter than regular sugar. Its higher sweetness level means that smaller quantities are needed, making it a cost-effective alternative to regular sugar and honey. This quality has driven its popularity, particularly in the bakery and confectionery industries, where it is used extensively to enhance flavor and texture while extending product shelf life.

Technological Advancements Revolutionize Production

Traditionally, the production of invert sugar syrup involved costly acid extraction methods. However, the industry has witnessed a shift towards enzymatic processes, which are more cost-effective and environmentally friendly. This method operates at lower temperatures and pH levels, yielding 100% sugar syrup with superior taste and quality. Leading companies such as Eurosweet GmbH and Zuckerhandelsunion GmbH & Co. KG are adopting these innovative production techniques to stabilize large-scale production and improve product quality.

Health and Wellness Trends Drive Market Growth

The global health and wellness trend has significantly impacted the demand for natural sweeteners, including invert sugar syrup. Consumers are increasingly seeking clean-label products with natural ingredients, propelling the use of invert sugar in various food and beverage products. Its natural fructose content and lower glycemic index make it an attractive option for health-conscious consumers and those managing diabetes.

Expanding Applications in Processed Foods

The processed food sector is expanding rapidly, and invert sugar syrup has become a staple ingredient due to its versatile properties. It enhances flavor, improves texture, and extends the shelf life of products such as baked goods, confectioneries, canned fruits, and dairy items. As the demand for processed foods grows, so does the demand for invert sugar syrups, creating new revenue streams for manufacturers.

Sustainability and Eco-friendly Practices

Sustainability is a key focus in the food industry, and invert sugar manufacturers are increasingly adopting eco-friendly production practices. By using renewable energy sources, reducing water consumption, and minimizing waste, companies are aligning their operations with environmental standards and consumer preferences. These sustainable practices not only enhance brand reputation but also reduce operational costs, making them a win-win for manufacturers and the environment.

Technological Advancements Boost Efficiency

Technological advancements in production processes are revolutionizing the invert sugar industry. Modern techniques, such as improved filtration systems and automated processes, enhance efficiency and product quality. These innovations enable manufacturers to produce high-quality invert sugar at lower costs, ensuring they remain competitive in a commoditized industry. Advancements in crystallized invert sugar are also expected to support industry expansion.

Full Report Revealed:

Customization and Product Differentiation

As competition intensifies, manufacturers are focusing on customization and product differentiation to stand out in the market. Offering tailored formulations to meet specific industrial needs, such as different sweetness levels or unique functional properties, helps companies cater to niche industries and specialized applications. This emerging trend in the invert sugar market is poised to boost sales growth.

Market Concentration and Competitive Landscape

The invert sugar market is characterized by a distinct concentration across different tiers of manufacturers and suppliers. Tier 1 companies, including Eurosweet GmbH and Zuckerhandelsunion GmbH & Co. KG, hold around 35% of the market share. These well-established companies have significant production capabilities and extensive distribution networks. Tier 2 companies account for about 40% of the market share, comprising mid-sized firms with substantial regional influence. The remaining 25% of the market is occupied by Tier 3 companies, which include smaller and regional players.

Industry Updates

In February 2024, Sudzucker launched its new CO2-reduced beet sugar in the market to contribute to a healthy, sustainable, and enjoyable future.
In December 2023, American company ADM announced the acquisition of United Kingdom-based FDL to broaden its global flavors capabilities.

Leading Invert Sugar Brands

Nordzucker AG (Nordzucker Holding AG)
Südzucker AG
International Molasses Corporation
Galam Group (FIMI)
AP Multiproducts Pvt. Ltd
Cargill, Incorporated
Ragus Sugars Manufacturing Limited
Tereos S.A
Honey Sugar Product

Key Segments of Report

By Product Type:

As per product type, the industry has been categorized into fully inverted sugar and partially inverted sugar.

By End Use:

Inverted sugar syrup is mostly used in food, pharmaceutical, and personal care. The food category is further segmented into confectionery, bakery, processed food, frozen desserts, dairy products, and others.

By Region:

Invert sugar industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

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Omega-3 Pet Supplement Market Expected to Surge to USD 2.3 Billion by 2034, Growing at a CAGR of 7.9%

According to Future Market Insights, Inc., the global omega-3 pet supplement market value is estimated to total USD 1,280.7 million in 2024. It is projected to grow at a CAGR of 7.9% during the assessment period, with global revenue reaching USD 2,292.5 million by 2034.

The humanization of pets drives the global omega-3 pet supplement industry forward. People want good health for their pets. Pet owners purchase supplements to ensure their pets receive the proper nutrition and avoid various health issues.

The humanization of pets is helping to increase sales of pet supplements, especially omega-3 fatty acid-based ones. Similarly, growing awareness about the importance of proper nutrition on pet health will likely benefit the industry.

Omega-3 fatty acids, such as those found in fish oil, have been shown to alleviate symptoms of skin conditions like atopic dermatitis and psoriasis, which can cause irritation, redness, and inflammation. These beneficial fatty acids, including eicosapentaenoic acid, alpha-linolenic acid, and docosahexaenoic acid, play important roles in brain development and reducing inflammation in the body.

Veterinarians frequently recommend omega-3 supplements as a routine treatment for pets with non-specific skin problems. Due to the numerous health advantages of omega-3s, the popularity of omega-3 pet supplements is rapidly increasing. Omega-3s can help maintain skin barrier function, seal in moisture, and keep out irritants, potentially reducing the severity of skin disorders in pets.

The clean label movement, driven by consumer demand for transparency, is making its impact in the omega-3 pet supplement industry. The main aim of the clean label movement is to maintain transparency about pet ingredients among consumers.

Key Takeaways from the Global Omega-3 Pet Supplement Market Study:

The omega-3 pet supplement market is projected to grow at a CAGR of 7.9% through 2034.
Based on form, capsule segment is expected to dominate the market with a share of 36% in 2024.
Based on application, the skin and coat health segment are expected to hold a leading market share of 38% in 2024.
The United States is expected to account for a market share of 36.4% during the forecast period.
Sales in India are projected to soar at 6.9% CAGR through 2034.

“The omega-3 pet supplement market shows promising growth potential, driven by the increasing pet population and surging demand for healthy pet supplements. Collaborations, mergers, and acquisitions among players indicate a competitive landscape focused on innovation and meeting evolving consumer preferences for pet health and wellness.” Says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Who is Winning?

Few leading manufacturers of omega-3 pet supplements listed in the report include Icelandirect, BioThrive Sciences, NutraPak USA, Nordic Naturals, Eukanuba, Iams, Hill’s, and others. These players are constantly looking to develop novel solutions to meet growing demand from pet owners.

The omega-3 pet supplement market has some start-up organizations, particularly around plant-based and algae-derived omega-3 sources. These players are looking to develop plant-based omega-3 supplements. Similarly, strategies like acquisition and mergers are becoming popular in the industry.

Industry Updates,

In 2023 Corbion signed a binding agreement to sell its Emulsifier business to Kingswood Capital Management. This allows Corbion to focus more on its core omega-3 ingredients business.

Purchase now and gain full access to the Omega-3 Pet Supplement Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

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Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global omega-3 pet supplement market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for years 2024 to 2034. The study offers growth projections based on pet type, form, application, sales channel and region.

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Animal Feed Sweetener Market Set to Reach USD 20.8 Billion by 2034, Growing at a CAGR of 8.7%

The global animal feed sweetener market value is estimated to total USD 9,732.1 million in 2024 and is projected to increase at a CAGR of 8.7% during the forecast period. Global animal feed sweetener sales are projected to total USD 20,784.6 million by 2034.

Several factors are expected to drive the growth of the animal feed sweetener industry during the assessment period. These include the booming livestock sector, growing consumption of animal products, and surging demand for high-quality nutritional feeds.

Feed sweeteners are gaining wider popularity due to their ability to enhance food taste and appeal. These additives increase the palatability of feed to gain more nutrition out of it after absorption without any side effects.

Animal owners purchase feeds with enhanced palatability to ensure their animalsttps://www.futuremarketinsights.com/reports/sample/rep-gb-19713 receive the proper nutrition and avoid various health issues. Thus, high spending on quality nutritional feeds is expected to boost sales growth through 2034.

The clean label movement is having a profound impact on the industry due to growing consumer demand for transparency. The main aim of the clean label movement is to maintain transparency about food and feed ingredients among consumers.

Increasing awareness about pet food and nutrition has boosted the market for clean-label products. There is an increased interest in natural feed sweeteners, creating new growth windows for the market.

Key Takeaways from the Global Animal Feed Sweetener Market Study:

The animal feed sweetener market is projected to expand at a CAGR of 8.7% through 2034.
Based on product type, the artificial sweetener segment is expected to dominate the market with a 54.4% market share in 2024.
Based on form, the powder segment is set to account for a share of about 41.2% in 2024.
China is expected to hold 65.2% in the East Asia region during the forecast period.
Demand in the United States will likely increase at a CAGR of 4.2% through 2034.

“The animal feed sweetener market shows promising growth potential, driven by the increasing demand for natural and sustainable ingredient sources. Collaborations, mergers, and acquisitions among players indicate a competitive landscape focused on innovation and meeting evolving consumer preferences for holistic animal health and wellness.” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/19713

Who is Winning?

Leading players cover the maximum market share and the rest is for the smaller and start-up organizations.

Many players are implementing strategies like partnerships, acquisitions, and mergers to expand their presence and stay ahead. Start-ups are innovating with new ingredients and innovative sources.

Leading Animal Feed Sweetener Brands

ADM Animal Nutrition
Palital Feed Additives B.V.
Purina
INDUSTRIAL TECNICA PECUARIA, S.A.
EnSigns Health Care Pvt Ltd
Norel Animal nutrition
Veesure India
Kemin Industries, Inc.
Henan Znok Livestock Trading Co., Ltd.
Indiana Sugars

Industry Updates:

In December 2023, ADM announced the acquisition of PT Trouw Nutrition Indonesia, a key provider of nutritional and functional solutions for livestock farming.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global animal feed sweetener market, presenting Historical Demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034. The study offers market growth projections based on product type, form, animal type, sales channel and region.

Report Preview: https://www.futuremarketinsights.com/reports/animal-feed-sweetener-market

Key Segments of Market Report

By Product Type:

The animal feed sweetener market segmentation, based on product type, is divided into natural sweeteners and artificial sweeteners. The natural sweeteners segment is further divided into stevia, palm sugar, honey, maple syrup, molasses, and thaumatin. Similarly, artificial sweeteners category is further categorized into aspartame, neotame, saccharin, sucralose, neohesperidin dihydrochalcone (NHDC).

By Form:

Feed sweeteners come in powder, liquid and crystal forms.

By Animal Type:

Based on animal type, the animal feed sweetener market is divided into ruminant, poultry, swine, and pet animals.

By Sale Channel:

Different sales channels include direct sale (B2B sales), indirect sale (B2C sales)- offline retail, and online retail. The indirect sales segment is further segmented into veterinary (pet) stores, hypermarket/supermarket, speciality store, and discount store.

By Region:

Animal feed sweetener market analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

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Rising Demand for Algae-Based Supplements in the United States : A Growth Overview

The United States is the leading market for algae-based supplements in the North American region, with demand projected to grow at an 8.20% CAGR over the next decade. This growth is driven by increasing awareness and prioritization of health and wellness among Americans. Additionally, the rising popularity of plant-based diets is contributing to the demand for algae-based supplements, as consumers look for alternatives to traditional animal-derived sources of essential nutrients.

The algae-based supplement market is projected to grow from USD 2,365.3 million in 2024 to USD 4,804.5 million by 2034, with sales expected to increase at a CAGR of 7.3% during this period.

Key Takeaways from the Market Study

The microalgae segment dominates the algae-based supplement market, progressing at a CAGR of 4.80% through 2034.
On the basis of the product type, the soft gels segment leads the algae-based supplement market, expanding at a CAGR of 3.90% over the forecast period.
The algae-based supplement market in the United States is anticipated to grow at a CAGR of 8.20% through 2034.
The algae-based supplement market in the United Kingdom is estimated to rise at a whopping 7.10% CAGR through 2034.
The algae-based supplement market in Japan has the potential to increase at a 5.20% CAGR through 2034.
The Canadian algae-based supplement market is predicted to rise at a 5.90% CAGR through 2034.
The algae-based supplement market in Germany is very likely to grow at a CAGR of 4.30% through 2034.

Competitive Landscape

The algae-based supplement market features a wide array of international and domestic companies, including Algatech, Cyanotech Corporation, Terravia (now part of Corbion), Fuqing King Dnarmsa Spirulina Co. Ltd., Allmicroalgae, and DIC Corporation. These companies are making significant investments in research and development to produce innovative and high-quality algae-based supplement formulations. Additionally, key players are adopting environmentally friendly cultivation and extraction methods to meet the growing demands of eco-conscious consumers and businesses.

Recent Developments

In 2024, Corbion Introduced Algal Omega-3 and Omega-9 products for dietary supplements. The company announced the launch of its AlgaVia product line, marking the company’s first foray into the human nutrition market.
In December 2023, GC Rieber VivoMega, a Norwegian fish oil manufacturer, expanded into the algae oil market, introducing a line of vegan DHA Omega-3 concentrates from marine microalgae. The company proudly announced its attainment of the International V-Label certification, validating its commitment to quality and origin transparency.
In June 2023, Iwi Life introduced Omega-3 Minis, addressing nutritional gaps with high-quality sources of Omega-3 fatty acids. These supplements aim to support joint flexibility, cognitive focus, and a balanced inflammatory response, providing a convenient solution for individuals seeking optimal nutrition.
In September 2023, algae processor Vinpai and organic ingredient distributor Adetis forged a partnership, expanding the market for algae-based solutions in France. Vinpai gained access to Adetis’ extensive distribution network, fostering growth in sustainable food and supplement sectors, supported by Vinpai’s recent FSCC 22000 and ISO 9001 certifications.

Key Companies in the Market

Algatechnologies
Cyanotech Corporation
Corbion (formerly Terravia)
Allmicroalgae
DIC Corporation
Roquette
Parry Nutraceuticals
Corbion
Far East Microalgae Industries Co., Ltd.
Terravia Holdings, Inc.
E.I.D. – Parry (India) Limited
Fuqing King Dnarmsa Spirulina Co. Ltd.
Algenol Biofuels Inc.
Cellana LLC
Algix
Heliae Development LLC
Helios Nutrition
Phycom B.V.
TerraVia (formerly Solazyme)
Triton Algae Innovations

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Key Market Segmentation

By Product Type:

Tablets
Capsules
Soft Gel
Powder & Granules
Liquid

By Algae Type:

Microalgae
- Chlorella
- Dunaliella Salina
- Spirulina
- Aphanizomenon Flos-Aquae
- Haematococcus Pluvialis
- Other Types
Macroalgae
- Nori
- Kelp
- Bladderwrack
- Wakame
- Dulse
- Others

By Consumer Orientation:

Men
Women
Unisex
Kids

By Sales Channel:

Store-Based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Drug Stores and Pharmacies
- Health and Wellness Stores
- Other Retailers
Online Retailing

By Region:

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

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