Surging Demand Propels the Almond Ingredients Market Towards US$ 22.1 Billion by 2033

Almond Ingredients Market
Almond Ingredients Market

The market for almond ingredients was projected to reach close to US$ 9 billion in 2022. The demand for almond ingredients is rising as more people adopt healthy lifestyles and search for organic suppliers. By 2033, it’s expected to have generated US$ 22.1 billion, with a CAGR of 9.3% from 2023 to 2033.

Almond ingredients are in high demand across the world due to their vast range of applications. Almonds have been widely used in cereals, baked goods, and snacks in recent times. Almond ingredients are becoming more and more well-liked among customers due to their numerous health advantages. Almond satisfies the various criteria for tastes and flavors admirably, which motivates producers to include almond components in their goods. Commercial almond components can be found in spreads, yogurt, gluten-free baked goods, and drinks.

Consumers who are lactose intolerant are becoming more and more accustomed to using almond products as dairy substitutes. Almond intake is known to lower cholesterol levels, boost vitamin E levels, and control blood sugar levels, that drives up demand for goods made with almond ingredients worldwide. In affluent nations, the increased popularity of plant-based proteins is raising the demand for almond components. Almond components are becoming more and more useful in the personal care as well as cosmetics sector.

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Key Takeaways from the Market Study

  • The overall market size for almond ingredients worldwide increased to US$ 9000 million in 2022.
  • The market for almond ingredients expanded at a CAGR of 11.2% from 2018 to 1022.
  • From 2023 to 2033, the bars segment is anticipated to expand at a CAGR of 8.2%.
  • In 2022, the snacks market share was greater than 50%.
  • The market for almond ingredients in China is anticipated to expand at a strong CAGR of 11.2% between 2023 and 2033.
  • In 2022, a 7.2% market share for the German market was predicted.

“Almond components provide customers a high level of nutritional value. Almonds are adaptable and healthful components that are incorporated into all sorts of culinary applications due to their high mineral and vitamin content. The consumer’s adoption of a healthy lifestyle and search for sources of wholesome food is further boosting the market for almond ingredients worldwide.” Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive Landscape

The majority of the major competitors in the worldwide industry are concentrating more and more on acquisitions and mergers in order to broaden their product lines. Some of the other firms plan to invest in novel product development and production capacity expansion to meet the growing global demand for almond ingredients.

Prominent players in the almond ingredients market  are ADM, Olam International Limited, Barry Callebaut,  Blue Diamond Growers, John B. Sanfilippo & Son, Kanegrade, Borges Agricultural & Industrial Nuts, Savencia SA, The Wonderful Company, Harris Woolf California Almonds, Treehouse California Almonds, Döhler GmbH, Royal Nut Company, Repute Foods Pvt. Ltd, Deep Nuts N Flavors LLP, Shivam Cashew Industry, Modern Ingredients, ConnOils LLC, Valley Harvest Nut Company, and ETChem.

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

  • The world’s largest producer of premium cocoa and chocolate products, Barry Callebaut Group, and Maersk have formed a long-term agreement to construct and run a new Built-To-Suit cocoa bean warehouse and dispatching plant in Malaysia. In 2023, a groundbreaking ceremony for this special facility took place in Pasir Gudang, Malaysia.
  • The construction of the processing factory by the Blue Diamond growers is scheduled to begin in California in 2021. The development of several product lines and the international marketing of the new almond products are both made possible by this ground-breaking expansion. Blue Diamond is dedicated to provide the healthiest almond products and support internationally with this market progress.

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More Valuable Insights Available

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

To understand opportunities in the almond ingredients market, the market is segmented on the basis of type (whole almonds, almond pieces, almond flour, almond paste, and almond milk), application (snacks, bars, bakery, confectionery, milk substitutes & ice creams, nut & seed butters, RTE cereals),  and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

About Future Market Insights (FMI)

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

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The Food Grade Gases Market Set to Skyrocket to US$ 14.2 billion by 2034 | FMI Study

Food Grade Gases Market
Food Grade Gases Market

The food grade gas market is estimated to be valued at US$ 7.8 billion in 2024 and is projected to capture a CAGR of 7.0% during the forecast period. The global food grade gas industry analysis reports further predict the overall valuation to reach US$ 14.2 billion by 2034.

The newly released data from Future Market Insights shows the exponential growth of the food grade gases market over the projection period. Within the food & beverage industry, gases are also utilized across the entire value chain, from production and packaging to storage and transportation.

The growth of the market is attributed to the surging human population that has led to a desire for increased food production across several industries like vegetable & Fruits, animal, aquaculture, and food processing.

This has resulted in the implementation of more technology associated with food production. The use of gases in the many stages of food treatment, processing, preservation, and ripening is an illustration of this technique. One of the prominent factors escalating the market growth is due to a significant increase in the food & beverage sector.

Consumers who are health conscious are demanding more premium-quality meat and seafood items, which is raising the demand for food-grade gases. In addition to that, market growth is bolstered by the increased usage of modified air packaging solutions (MAP).

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Key Takeaways

The production of beverages necessitates the use of food-grade gases as it protects wine from microorganisms and oxidation. These gases are crucial for the manufacture of wine. It is added as a dissolvent, as an antioxidant to inhibit polyphenol oxidases (laccase and tyrosinase), and to stop the growth of microbes that aren’t wanted.

In addition to its major use in wine science, SO2 is also found in meats, dried fruits, candied fruits, fermented beverages, beer, and jellies. Food products that are natural, healthful, convenient, and sustainable are becoming more and more in demand from consumers.

Prominent food and beverage producers have been compelled to create new, cutting-edge goods as a result. These factors are expected to bolster growth in the food grade gases market.

The attractive marketing methods used by food and beverage producers incorporate new products including a variety of line extensions, new packaging, and the latest formulas. The requirement for packaging and storage of new products grows as they are introduced more frequently. Manufacturers will have a sizable window of opportunity with the usage of food-grade gases.

Food-grade gases are widely utilized to extend the shelf life of cheeses and pasta without the use of synthetic chemicals and to maintain the freshness of packed food, particularly organic fruits, vegetables, and meat products. The rising demand for packed and convenience food in all is driving the food grade gases market.

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Competitive Landscape

In order to guarantee system compatibility and secure transit, manufacturers are ensuring food-grade gases are controlled and they are easily accessible at the specific point of application. Attributing to this reason, a variety of storage containers are being utilized including glass bottles, cryogenic cylinders, gas cylinders, and bulk containers.

Safe and effective handling of the stored gases is crucial for all storage containers as for manufacturers of food-grade gases, preventing environmental and safety issues from these gases is a significant task.

Recent Developments in the Global Food Grade Gas Market

  • In July 2020, Linde and CNOOC Energy Technology & Services inked a MoU to advance the hydrogen energy sector in China collaboratively. The two businesses have plans to investigate the possibility of making investments in producing and filling hydrogen as well as increasing the food grade gas sector.
  • In November 2020, Strandmøllen A/S established Denmark’s first biogas-based CO2 plant near Korskro. A specifically constructed unit was created to capture and recycle all of the CO2 to make it suitable for food processing and packaging industries.

Food Grade Gases Market by Category

By Product type:

  • Carbon Di Oxide
  • Nitrogen
  • Oxygen
  • Sulfur dioxide
  • Others

By Application:

  • Freezing & Chilling
  • Packaging
  • Carbonation
  • Others

By End-Use:

  • Dairy & Frozen Products
  • Fish & Sea Food
  • Meat
  • Beverages
  • Fruit & Vegetables
  • Bakery & Confectionery
  • Others

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

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Anticipated Expansion in the Animal Antimicrobials and Antibiotics Market Envisioned at US$ 427.2 Billion by 2033

Animal Antimicrobials and Antibiotics Market
Animal Antimicrobials and Antibiotics Market

In 2023, the animal antimicrobials and antibiotics market is to accumulate a market value of US$ 4,911.9 million. By 2033, this number is expected to expand to US$ 7,878.2 million, with a Compound Annual Growth Rate (CAGR) of 4.9%.

The demand for animal antimicrobials and antibiotics is on the rise during the forecast period due to the widespread use of several types of milk and meat products, especially in the Western diet.

Zoonotic illnesses and demand for animal-derived food products are also factors contributing to the rising demand for the products. Due to rising demand for pet insurance and rising expenditures for veterinary care, this market share for animal antimicrobials and antibiotics is expected to grow.

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Animal antimicrobials and antibiotics market participants can expect tremendously rapid development thanks to the potential held by the untapped markets in China, India, and Brazil during the forecast period. The overall population of animals can also be seen to be on the rise, which is another great contributing factor.

Key Takeaways:

  • The United States holds a notable market share of 17.8% in the animal antimicrobials and antibiotics market in 2022, showcasing its significant role in the industry as a major consumer and contributor to the veterinary pharmaceutical sector.
  • Germany, with a market share of 6.6%, demonstrates its participation in the animal antimicrobials and antibiotics market, emphasizing the country’s commitment to animal health and welfare through the use of appropriate pharmaceutical interventions.
  • Japan’s market share in the animal antimicrobials and antibiotics market stands at 5.4% in 2022, reflecting the country’s focus on ensuring its livestock population’s well-being and disease management through the responsible use of antimicrobial products.
  • Australia contributes to the animal antimicrobials and antibiotics market with a market share of 1.0% in 2022, emphasizing the country’s attention to animal health and its efforts to mitigate the impact of infectious diseases through the judicious use of antimicrobials.
  • China exhibits a compound annual growth rate (CAGR) of 5.2% in the animal antimicrobials and antibiotics market, reflecting the country’s evolving livestock industry and the increasing demand for antimicrobial products to address animal health challenges and ensure food safety.
  • India experiences a robust CAGR of 9.6% in the animal antimicrobials and antibiotics market, highlighting the country’s expanding livestock sector and the growing need for effective disease management and growth promotion in the animal farming industry.
  • The United Kingdom showcases a CAGR of 5.9% in the animal antimicrobials and antibiotics market, indicating the country’s continuous efforts to promote responsible antimicrobial use, reduce the risk of antimicrobial resistance, and safeguard animal health and welfare in its agricultural practices.

Competitive Landscape

  • Trianni Inc. (US) and Zoetis (US) have decided to work together on developing transgenic monoclonal antibody platforms for the discovery of innovative veterinary medications. This collaboration began in July 2020. The FDA approved Zoetis’ purchase of Marboquin (US).
  • Elanco (US) and AgBiome worked together to provide nutritional health solutions for pigs in 2019.
  • By balancing its food animal and companion animal divisions, Elanco Animal Health (US) announced in 2019 that it purchases Bayer’s Animal Health Business, boosting its own companion animal business and portfolio mix.
  • In 2019, Sanofi (France) purchased the Animal Health division of Boehringer Ingelheim (Germany) (Merial), and Boehringer Ingelheim (Germany) (CHC) was bought by Sanofi. After acquiring Merial, BI became the second-largest animal health firm in the world.

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Animal Antimicrobials and Antibiotics Market by Category

By Product Type:

  • Tetracyclines
  • Penicillins
  • Sulfonamides
  • Macrolides
  • Aminoglycosides
  • Lincosamides
  • Fluoroquinolones
  • Cephalosporins
  • Other Antimicrobials and Antibiotics

By Animal Type:

  • Companion Animals
  • Food Producing Animals

By Mode of Delivery:

  • Premixes
  • Oral Powder
  • Oral Solution
  • Injection

By Region:

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

About Future Market Insights (FMI)

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

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Nutrition Revolution: Projected Growth in the Functional Food and Natural Health Products Market to Hit US$ 38555.2 million by 2033

Functional Food and Natural Health Products Market
Functional Food and Natural Health Products Market

From 2023 to 2033, the market for functional foods and natural health products is projected to expand at a CAGR of 5.3%. The market is being pushed by increased health awareness, an increase in the prevalence of chronic diseases, and rising demand for convenient and healthful food and beverage items. The market is being pushed by increased health awareness, an increase in the prevalence of chronic diseases, and rising demand for convenient and healthful food and beverage items.

Growing consumer demand for convenient and healthy food and drink options, greater health consciousness, and an increase in the prevalence of chronic diseases. The global market for functional foods and natural health products is constrained in its expansion by the high cost of research and development. The market for natural health goods, e-commerce, and functional beverages presents prospects in personalized nutrition.

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Drivers and Trends:

  • The emergence of personalized nutrition: Consumers are increasingly able to customize their diets to meet their unique needs and tastes thanks to this trend. The main drivers are the rising desire for items that are made to meet health objectives and the expanding availability of data on individual health.
  • The market for functional beverages is expanding. The market for functional beverages is expanding quickly as people hunt for beverages that taste good and provide health benefits. The main driving force is the rising public knowledge of the health advantages of functional substances like probiotics, prebiotics, and adaptogens.

Key Takeaways

  • With an astounding 16.7% growth rate, India takes the top spot and demonstrates its strong market potential in the studied area.
  • The United States market exhibits robust growth of 10.7%, securing its place as a major participant in the sector.
  • With a substantial growth rate of 7.9%, the Chinese market demonstrates China’s growing relevance and influence in the global economy.
  • With stable growth rates of 2.9% and 2.5%, respectively, Australia and Japan demonstrate their sturdiness and market expansion potential.
  • The low growth rates of Germany and the United Kingdom, 2.8% and 2.5%, point to stable market conditions and potential for sustained corporate growth.

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Competitive Landscape

Functional foods and natural health products are very competitive, with many big, well-known companies vying for market dominance. In the upcoming years, it is anticipated that the market for functional foods and natural health products will remain extremely competitive. The market is anticipated to expand steadily, but in order for businesses to hold onto their market share, they must be able to adjust to shifting consumer preferences.

Abbott Laboratories:

A leader in the healthcare industry, Abbott produces a variety of natural health products and functional foods, such as Ensure, Boost, and Glucerna.

Archer Daniels Midland (ADM):

Among the functional foods and natural health products produced by Archer Daniels Midland (ADM), a worldwide food processing and commodities trading firm, are Fibre One, SimplySmart, and Truvia.

BASF:

ProActiv, Benecol, and Move Free are just a few examples of the natural health products and functional foods the German chemical corporation BASF produced.

Danone:

Activia, DanActive, and Oikos are just a few of the natural health products produced by the French multinational food and beverage corporation Danone.

Arla Foods:

Skyr, Arla Protein, and Lactofree are just a few of the functional meals and natural health products produced by the dairy cooperative Arla.

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Functional Food and Natural Health Products Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Functional Food Product
    • Bakery & Confectionery
    • Dairy
    • Fish & Eggs
    • Canola-based
    • Pulses-based
    • Hemp-based
    • Flax-based
    • Oats-based
    • Barley-based
    • Soy
    • Oils & Fats
    • Others
  • Natural Health Product
    • Probiotics
    • Proteins & Amino Acids
    • Phytochemical & Plant Extracts
    • Prebiotics
    • Fibers & Specialty Carbohydrates
    • Omega-3 Fatty Acids
    • Carotenoids
    • Natural Vitamins
    • Natural Minerals

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

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

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A Forecasted Surge in the Processed Beef Market to Reach US$ 314.5 Billion by 2033

Processed Beef Market
Processed Beef Market

According to FMI reports, the global processed beef market can soar at a rate CAGR of 9% from 2023-2033. The market share of the processed beef industry is predicted from US$ 133.4 Bn in 2023 to over US$ 314.5 Bn by 2033.

Globalization and the popularity of different cuisines have led to an increase in beef consumption globally due to shifting consumer habits and lifestyles over the past few decades.

Furthermore, the manufacturing sector is expected to grow rapidly in addition to the growth of packaged foods. The growing demand for halal and kosher beef products in the next ten years is expected to create an opportune environment for both established and incoming processed meat companies.

To increase their sales potential, processed beef manufacturers have introduced different flavours to improve their sales. Among the new products are cold cuts of ham, dry-aged beef, salami cold cuts, and deli meats. The popularity of processed beef is increasing because it is healthy, natural, and sustainable.

In response to shifting dietary habits, consumers are increasingly looking for low-calorie and fat-containing foods with high protein value and high protein content based on the necessity for animal-based protein.

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Key Takeaways from the Processed Beef Market Study

  • The global processed beef market expanded at 7.9% CAGR from 2016-2022.
  • Sales of chilled processed beef are anticipated to grow at a CAGR of 8.4%.
  • The consumption of processed beef in India is expected to showcase a higher rate of growth at a CAGR of 12.7% over the forecast period.
  • The demand for processed beef in South Korea is expected to grow at a CAGR of 11.9%

Competitive Landscape for the Processed beef Market

To expand their product manufacturing capabilities, portfolios, and global presence, companies operating in the processed beef market seek to diversify and form strategic partnerships with other manufacturers. In the processed beef market, top competitors are investing in new technologies to improve shelf life, texture, and flavor. In addition, some firms are expanding into emerging nations to gain a competitive advantage.

JBS SA, Hormel food , Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp, and others, the market is growing and establishing a strong global presence.

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Recent Developments in the Processed Beef Market

  • In August 2022, Tyson Foods announced it would expand its Caseyville Prepared Foods Facility. As a result of the US$180 million investment, the Hillshire Farm® and Jimmy Dean® brands will be able to meet growing demand. Production is expected to begin in the fall, followed by expansion in the summer of 2023. It will allow more grab-and-go snacking and breakfast items to be produced at the Caseyville plant, where Hillshire Farm® and Jimmy Dean® products are produced. The 170,000 square feet expansion will allow this production to grow.
  • As an exclusive product for beef enthusiasts, Makro Food Service Sukhumvit 22 Branch, Thailand, introduced dry-aged Australian beef in March 2022.
  • In July 2022, BRF Sadia inaugurated its new plant in Dammam, Saudi Arabia, Al Joody, by which it increased its production capacity to 1,200 tons per month. This will play a crucial role in the growth and development of the poultry industry locally.

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About Future Market Insights (FMI)

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

 Contact Us:

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Future Market Insights Inc.
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T: +1-845-579-5705
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Seasonal Allergy Market Gears Up to Surpass US$ 2.58 Billion by 2033

Seasonal Allergy Market
Seasonal Allergy Market

According to Future Market Insights most recent industry report, the global seasonal allergies market sales is expected to be valued US$ 1.15 billion in 2022. It is anticipated that the market would expand at a 7.8% compound annual growth rate (CAGR) and reach an estimated US$ 2.58 billion in worth by 2033.

Changes in the length and ferocity of pollen seasons have an impact on allergy diseases such as rhinitis, conjunctivitis, and asthma. Children, the elderly, and people with reactive airway diseases like asthma are populations that are more susceptible to these negative health effects. Greenhouse gases are capable of evoking respiratory symptoms in people with asthma and chronic obstructive pulmonary disease, as well as contributing to premature mortality and long-term declines in lung function.

As a result of global climate change, an increasing number of people are currently experiencing allergy disorders brought on by pollen. Additionally, in the Asia-Pacific region as well as in Europe and America, seasonal and regional differences in pollen have shifted. Growing populations of allergenic plants have become a hazard to allergic kids as pollen sensitivity rates in children have recently increased.

By reducing the antiviral interferon response, pollen exposure reduces immunity to some seasonal respiratory infections. According to a new, extensive cohort study from South Korea, co-exposure to numerous seasonal environmental variables, such as ozone, rhinovirus, and tree pollen, is linked to asthma exacerbations in school-aged children.

Forecasting and eliminating the related danger for human health in the future and taking suitable actions to reduce it are vital, especially in light of the impact of climate change on long-term trends in pollen levels and developing virus infection.

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Key Takeaways:

  • Tablets/Capsules segment is set to lead in terms of the form of seasonal allergy with a projected market value share of around 33.6% by 2033, it is simple to swallow tablets and capsules because they don’t need to be prepared or measured.
  • OTC medications are the most popular prescription type because they are easily accessible without a prescription and because drug stores make it simple to obtain the often-prescribed allergy medications. In 2022, OTC by prescription held a 76.3% market share.
  • There are numerous treatments, but antihistamines dominate the therapy segment with a predominant share of 46.0%.
  • By distribution channel, hospital pharmacies held a share of around 35.9% in 2022. Hospital pharmacies have access to an extensive selection of specialty drugs that may not be offered by retail pharmacies.
  • North America held one-third value share of the global market in 2022, owing to the increasing prevalence of seasonal allergies in the region.

With the increasing prevalence of seasonal allergies and the growing awareness about available treatment options, the market for seasonal allergy treatment is expected to witness significant growth in the coming years. Moreover, technological advancements in the development of novel therapies and the rising demand for personalized medicine are anticipated to shape the future trends in the seasonal allergy treatment market,”Says an analyst of Future Market Insights.

Market Competition

Seasonal allergy is a market that is fragmented with multiple key players. The market participants are concentrated on developing, launching, and receiving approvals for pharmaceutical products in order to enhance treatment outcomes. Manufacturers are also anticipating mergers and partnerships.

  • ALK Abello and a major pharmaceutical company, Windgap Medical, announced a partnership in August 2019 to introduce a new generation of epinephrine auto-injector pens in the United States. This aided the business in increasing its market share in the United States
  • Anergis and Virometix agreed to a research partnership in July 2020 to examine synthetic virus-like particles for extremely quick allergy shots.

Key companies profiled in seasonal allergy industry are Merck KGaA, Johnson & Johnson, Allergopharma, Sanofi SA, McNeil Consumer Healthcare, Genentech Inc., GlaxoSmithKline PLC, Leti Pharma, Alerpharma S.A, Allergan, Inc., Meda Pharmaceuticals, Inc, Novartis International AG, Bausch Health Companies Inc., Allergopharma, ALK Abello, Stallergenes Greer, Allergy Therapeutics, Aimmune Therapeutics, Biomay AG, HAL Allergy Group, Bayer, AstraZeneca, and others.

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Key Segments:

By Form:

  • Tablets/Capsules
  • Liquid
  • Creams & Lotions
  • Drops
  • Spray

By Prescription:

  • OTC
  • Prescription based

By Route of Administration:

  • Oral
  • Intranasal
  • Sublingual
  • Sub Cutaneous
  • Intravenous

By Treatment:

  • Antihistamines
  • Decongestants
  • Nasal Corticosteroids
  • Allergen Immunotherapy
  • Leukotriene Receptor Antagonists

By Distribution Channel:

  • Hospital Pharmacies
  • Supermarkets/Hypermarkets
  • Online Pharmacies
  • Retail Pharmacies
  • Speciality Clinics
  • Others

Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Surgical Gloves Market Forecasts Signal a Striking US$ 4.4 Billion Valuation by 2033

Surgical Gloves Market
Surgical Gloves Market

The global surgical gloves market size is projected to develop at a compound annual growth rate (CAGR) of 4.5% and reach a worth of US$ 2.7 billion by 2022. According to a new estimate by Future Market Insights, synthetic gloves will account for 64.8% of the worldwide glove market in 2022.

According to National Library of Medicine, the estimated volume of surgeries was 234 Million which has increased along with the increasing population globally.

Gloves are protective equipment used in the medical industry. Unfortunately, many hospitals in emerging and underdeveloped nations ignore them. The market offers a variety of cutting-edge goods that ensure the safety of patients and medical professionals before, after, and during the course of operation.

Businesses are also focusing their efforts on creating products that adhere to the specific safety requirements of the regional markets. Global manufacturers can take advantage of numerous chances to penetrate underserved markets and increase their market share there by using the right strategy, development, and innovation.

The need for safety and cleanliness has grown as a result of the increased danger of infectious diseases during surgery and childbirth as well as hospital-acquired infections. Opportunities in the surgical gloves market will arise in the near future due to numerous hygiene awareness campaigns being run in various regions to encourage the use of gloves and enhance personal cleanliness.

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Key Takeaways:

  • Synthetic gloves segment is the leading segment as a product, and holds a 64.8% market value share in 2022, owing to levels of comfort during surgery.
  • Latex gloves segment is set to lead in terms of material of surgical gloves with a market value share of around 32.2 in 2022, owing to the excellent tactile sensitivity.
  • By usability, disposable gloves are preferred more compared to reusable ones in order to avoid the risk of spreading infections. The segment held 85.4% of the global value share in 2022.
  • The huge demand for surgical gloves during surgical procedures and a growing number of surgical procedures worldwide led the surgical intervention – application to lead with a 42.8% value share in 2022.
  • By distribution channel, hospitals, and pharmacies held a share of around 54.6% in 2022 owing to the large distribution of surgical gloves in hospital facilities.
  • South Asia held a value share of around 28.5% in 2022, owing to the highest number of surgical procedures conducted in the region.

“In light of the increasing demand for surgical gloves and the increasing prevalence of surgical procedures, along with the growing demand for disposable gloves, the market for surgical gloves is predicted to expand globally,” says an analyst at Future Market Insights (FMI).

Market Competition:

In the surgical glove market’s competitive landscape, specifics about each competitor are given. The information includes information about the company’s finances, the revenue the company generated, potential for market share, investment in research and development, novel market projects, global presence, manufacturing locations and facilities, capacity for manufacturing, company weaknesses and strengths, introduction of products, product width and breadth, and its application dominance. The information presented above only applies to the surgical glove market that the companies target.

  • In September 2022, Ansell and Chemwatch made a statement about a global partnership. As Ansell and Chemwatch want to make the public more aware of the risks and consequences of exposure to dangerous chemicals.
  • In August 2022, Supermax Healthcare Canada, a division of Supermax Corp Bhd, partnered with Minco Wholesale & Supply Inc., to distribute Supermax’s product manufactured in North America. The products include rubber gloves, masks, and non-woven materials cotton medical supplies.

Key Players:

  • Top Glove Corporation Bhd
  • Medline Industries
  • Supermax Corporation Berhad
  • Semperit AG Holding
  • Kossan Rubber Industries Bhd.
  • Cardinal Health, Inc.
  • Ansell Limited
  • Berner International GmbH
  • Erenler Medikal
  • Leboo Healthcare Products Limited
  • Sun Healthcare Sdn Bhd

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the surgical gloves market in its latest study, presenting a historical demand assessment of 2012 to 2022 and projections for 2023 to 2033. The global surgical gloves market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the product (synthetic gloves and natural gloves), by material ( latex gloves, nitrile gloves, polyisoprene gloves, latex-free gloves, chloroprene gloves, and neoprene gloves), by usability (disposable and reusable), application (surgical intervention, infection prevention, wound dressings, dental, and radiology procedures), by distribution channel (hospital pharmacies, retail pharmacies, and online pharmacies), across seven key regions of the world.

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Key Segments:

By Product:

  • Synthetic Gloves
  • Natural Gloves

By Material:

  • Latex Gloves
  • Nitrile Gloves
  • Polyisoprene Gloves
  • Latex-free Gloves
  • Chloroprene Gloves
  • Neoprene Gloves

By Usability:

  • Disposable
  • Reusable

By Application:

  • Surgical Intervention
  • Infection Prevention
  • Wound Dressings
  • Dental
  • Radiology Procedures

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Vaginal Antifungals Market Sets Sights on a Noteworthy US$1.76 Billion Valuation by 2033

Vaginal Antifungals Market
Vaginal Antifungals Market

The vaginal antifungals market sales is expected to develop at a 4.5% compound annual growth rate (CAGR) throughout the forecast period, reaching a worth of US$ 1.09 billion in 2022. According to a recent report by Future Market Insights, Polygenes is expected to hold the top rank with a about 49.0% share in the global market in 2022.

During the projection period, it is anticipated that the global market for Vaginal Antifungals will expand significantly. This can be attributed to the expansion of novel antifungal drug research and the global increase in healthcare spending. Additionally, the market is being driven by the increased incidence of bacterial vaginosis. In women of reproductive age, it is the most frequent source of vaginal discharge that results in fungus infections.

Rising trichomoniasis and candida occurrences are also assisting market growth for Vaginal Antifungals. The primary causes of candida growth that leads to vaginal yeast infection include a weakened immune system and the use of oral contraceptives or hormone therapy that increases estrogen levels.

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In addition, businesses are concentrating on winning clearance for innovative items that could fill unmet demands and strengthen their market position. Additionally, the growing need for better therapeutic options is spurring advancements in R&D, fresh approvals, and drug launches, opening up a lucrative window for business expansion.

Key Takeaways:

  • Polyenes are the leading segment as product, and hold around 49.0% market value share in 2022, owing to less adverse effects and low product cost.
  • Topical segment is set to lead in the of route of administration segment of Vaginal Antifungals market with a projected market value share of around 73.1% in 2022, owing to the high preference by doctors and effective cure for the disease.
  • Bacterial Vaginosis is leading the indication segment with the significant market share of 44.9% owed to increased prevalence compared to other indications.
  • By distribution channel, Gynaecology clinics held a share of around 41.4% in 2022, as patient pool largely comprises of female population who prefer to get consultation and treatment at Gynecology centers.
  • North America dominated the global market with significant contribution from U.S. region. US held a value share of around 27.0% in 2022 globally, due to rising prevalence of trichomoniasis in the region.

Rising prevalence of severe vaginal infectious disorders, increasing rate of testing and launch of Vaginal Antifungals by players will boost the global market for Vaginal Antifungals,” says an analyst at Future Market Insights.

Market Competition:

The market participants are concentrating on creating and introducing enhanced treatment drugs in order to increase the accuracy and efficiency of the operations and reduce adverse effect problems.

  • Brexafemme, a high-class antifungal for the treatment of vulvovaginal candidiasis (VCC), will be commercialised and further developed by GSK plc and SCYNEXIS Inc. in 2023 under an exclusive licencing agreement. These drugs have also been approved by the FDA.

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Key Players:

  • Pfizer Inc.
  • Bausch Health Companies Inc
  • ANI Pharmaceuticals, Inc.
  • Hikma Pharmaceuticals Plc
  • Lupin Limited
  • Mycovia Pharmaceuticals, Inc.
  • Glenmark Pharmaceuticals Limited
  • GSK plc.
  • Others

Key Market Segments Covered:

By Product:

  • Polyenes
  • Azoles
  • Allylamines
  • Echinocandins
  • Others

By Route of Administration:

  • Oral
  • Topical

By Indication:

  • Bacterial Vaginosis
  • Candidiasis
  • Trichomoniasis
  • Others

Distribution Channel:

  • Hospital Pharmacies
  • Supermarkets/hypermarkets
  • Online Pharmacies
  • Gynecology Clinics
  • Others

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Painkillers Market Poised to Reach US$ 100.9 Billion Valuation by 2033

Painkillers Market
Painkillers Market

With a compound yearly growth rate of 3.7%, the painkillers market growth is projected to reach a valuation of US$ 70.0 billion by the end of 2023 and US$ 100.9 billion by the end of 2033. With a share of about 53.4%, opioids will command the highest price on the global market in 2022, according to a recent estimate by Future Market Insights.

The regulatory environment surrounding Painkillers has a big impact on the market’s expansion. These rules are necessary to protect patient safety and stop the overuse and abuse of Painkillers, but too many rules could prohibit people from accessing appropriate pain relief solutions.

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The use of opioid Painkillers have been subject to stronger controls and limitations as a result of heightened scrutiny in recent years. This has given non-narcotic Painkillers like NSAIDs (non-steroidal anti-inflammatory medicines) and other non-narcotic drugs the chance to increase their market share.

The regulatory attempts to enhance pain management and decrease opioid abuse, like prescription drug monitoring programs and physician education initiatives, may present the potential for businesses to provide alternative pain management options.

Clinical advancements in the delivery and formulation of analgesic medications are a constant priority for several top pharmaceutical companies. Additionally, they are creating safer opioids with reduced side effects and efficient pain management.

The creation of analgesic formulations with abuse-deterrent qualities that are more challenging to manipulate for snorting or injection — the methods of administration most frequently associated with addiction due to their rewarding effects — is perhaps the most notable clinical improvement.

Key Players:

  • AbbVie Inc. (Allergan plc)
  • Bristol Myers Squibb Co.
  • Sanofi S.A.
  • Boehringer Ingelheim International GmbH
  • Pfizer Inc.
  • Zydus Lifesciences Ltd. (Cadila Pharmaceuticals)
  • GSK plc.
  • Others

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Key Market Segments Covered in Painkillers Industry Research

By Drug Class:

  • Opioids
  • Tramadol
  • Oxycodone
  • Hydrocodone
  • Other Opioids
  • NSAIDs
  • Local Anesthetics
  • Acetaminophen

By Product:

  • OTC Products
  • Prescription Drugs

By Indication:

  • Surgical Pain
  • Cancer Pain
  • Neuropathic Pain
  • Musculoskeletal and Joint Pain
  • Others

By Route of Administration:

  • Injectable
  • Oral
  • Rectal
  • Topical
  • Transdermal
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Specialty Clinics
  • Long-Term Care Centers
  • Retail Pharmacies
  • Drug Stores
  • Online Pharmacies

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Birth Tissue Products Market Expands Toward a US$4.5 Billion Valuation in 2033

Birth Tissue Products Market
Birth Tissue Products Market

Over the course of the forecast period, the birth tissue products market sales is anticipated to rise at a compound annual growth rate (CAGR) of 6.6%, reaching a valuation of US$ 2.3 billion in 2022. With a share of more than 34.2%, a recent report by Future Market Insights shows that amniotic membrane tissue is currently ruling the global market in 2022.

What is Driving Demand for Birth Tissue Products

The presence of FDA guidelines in regards with the tissue management procedures that maintains integrity of tissue and documentation regarding safety of tissue which enhances the quality of the tissues, this is driving the birth tissue products market growth.

The birth tissues speeds up the recovery for various patient such as wounded military persons and peoples who face difficulties in wound healing process.

The wide application of the birth tissues in the skin burns, skin cancers, ulcers and chronic wounds elevated the growth of the market.

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U.S. and Canada Birth Tissue Products Market Outlook

The North American region (US & Canada) dominates the market share of the birth tissue products in the world.

The increase in prevalence of diabetic ulcers in the region opens the route for the birth tissue products market in the region.

The Rapid development in the healthcare sector and the presence of the top key players in the area which leads to a huge investment in the R&D is another driving factor of the region

The Health awareness programs by government and the American Association of tissue bank regarding the importance of donation of birth tissues gives a better base for the growth.

The fund raising by government in the healthcare sector plays a major role in the growth of the sector.

Demand & Outlook in Europe& Asia for Birth Tissue Products Market.

The European region holds the second position in the birth tissue products market, the increase in the patients of skin cancers in the region leads to the growth of the market in the region.

The healthcare awareness programs which improves the knowledge of people regarding the healing powers of the birth tissues which helps in boosting the market in the region.

Asia pacific region is the fastest growing and developing region in the world which results in the increasing government funding in healthcare sector, research and development sector which defines the growth of the market in the region.

The increase in population in the region plays a major role in increase in demand of the birth tissue market as the number of new born babies increases every year, which significantly gives an great opportunity to set a base for the birth tissue products market in the region

Key Players:

According to FMI analysis are:

  • Amiox medical
  • biotissue inc
  • AATB
  • U.S. Stem Cell Inc
  • Vericel Corp. (Aastrom Biosciences Inc.)
  • Organogenesis Inc. (Advanced Biohealing)
  • Cerapedics Inc
  • Mesoblast Ltd.
  • Ocata Therapeutics Inc. (Astellas Pharma Inc.)
  • Tissue Recover(Alpha Cord)
  • BTR(Birth Tissue recovery)LLC
  • Tellagen llc
  • Predictive biotech

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

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Key Segments

By Type of Tissue:

  • Placenta
  • Umbilical cord
  • Amniotic Fluid

By Application:

  • Cardiovascular disorders
  • Oncology
  • Dermatology
  • Musculoskeletal
  • Wound healing
  • Ophthalmology

By End User:

  • Research Laboratories
  • Academic Institutes
  • Pharma and Biotech Companies
  • Hospitals and Diagnostic centers
  • Others

By Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube