Hemp Milk Market: Insights into Key Players, Growth Factors, and Industry Hurdles by 2032

According to a recent report by Future Market Insights, sales of hemp milk are estimated to reach a value of US$ 236.4 Mn by 2032, surging at 7.3% CAGR through the decade.

Rising awareness regarding the functional benefits of plant-based food and beverage products is expected to drive sales of hemp milk over the forecast period. Manufacturers are launching a wide variety of hemp milk such as unsweetened, flavored, and non-flavored options.

Further, consumers are getting more aware of the health benefits of hemp milk. It contains omega-3 fatty acids, protein, and vitamins, and is low in fat, making it a desirable substitute for conventional dairy milk.

Hemp milk is also a great source of minerals and vitamins like calcium, iron, and others, which has increased its popularity among fitness enthusiasts. Growing consumption of ready-made foods and beverages, along with high preference for organic and clean-label products will augment the growth in the market.

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“Increasing incorporation of hemp milk in the foodservice sector is expected to fuel demand in the market in the forthcoming years. Besides this, growing popularity of veganism across emerging economies will boost sales over the forecast period,” says and FMI analyst.

Key Takeaways from the Market Study

  • Sales of hemp milk in the U.S. are projected to increase at a 5.7% CAGR, accounting for a dominant share of the North America hemp milk market.
  • Demand in the Italy hemp milk market are forecast to grow at a 11.7% CAGR over the forecast period.
  • In terms of sales channel, total sales in the offline segment are projected to hold more than 3/4th of the market share in 2022.

Competition Landscape

Some of the leading players in the hemp milk market include Drink Daily Greens LLC, PACIFIC FOODS OF OREGON, LLC., Wild Harvest, Good Hemp Food, Cell-Nique Corporation, The Fix Juice Pty Ltd, Organic Hemp Milk Australia, Manitoba Harvest Hemp Foods, Goodmylk Co., Ecomil, milkadamia, and Victory Hemp Foods.

Key players operating global hemp milk market are investing in partnerships and collaborations with other manufacturers in order to expand their product manufacturing facilities. For instance:

  • SunOpta announced in February that it had purchased Dream and WestHemp from the Hain Celestial Group, two of the largest and most established brands in the shelf-stable plant-based dairy products sector. SunOpta increased its beverage plant capacity in Allentown, Pennsylvania.

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Hemp Milk Market by Category

By Form:

  • Liquid
  • Powder

By Flavor Type:

  • Original/Unflavoured
  • Flavoured
    • Chocolate
    • Vanilla
    • Other Flavours

By End-Use:

  • Dairy Products
    • Cheese
    • Yoghurt
    • Butter
    • Spreads
    • Ice Cream
    • Frozen Dessert
  • Bakery and Confectionery
  • Milk & Milk Based Beverages
  • Retail Sales

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Departmental Store
    • Traditional Store
    • Specialty Store
    • Online Retailers
    • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

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

Contact FMI:

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Future Market Insights Inc.
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T: +1-845-579-5705
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Global Peripheral Vascular Stent Market Growth, Expected to Surpass USD 8,878.00 Million by 2034 at a 7.60% of CAGR

Peripheral Vascular Stent Market
Global Peripheral Vascular Stent Market

The global peripheral vascular stent market is anticipated to grow considerably, with a projected value of USD 4,267.70 million by 2024. Producers are capitalizing on opportunities to grow their market share in this dynamic market environment by launching medical procedures and patient outcomes-improving progressive peripheral vascular stents.

Peripheral vascular stents are crucial for treating peripheral artery disease (PAD) and other vascular illnesses because they offer patients minimally invasive treatment options and improve their overall quality of life. The increasing prevalence of cardiovascular diseases and developments in stent technology are driving the demand for state-of-the-art peripheral vascular stents globally.

Peripheral vascular stents strengthen weak or narrowed arteries, restore blood flow, and lower the risk of cardiovascular problems, making them essential components of treatment for peripheral arterial disease. For the next ten years, the peripheral vascular stent market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.60%. This growth will be fueled by innovations in stent designs and materials as well as investments made by market participants to meet the demands of rising peripheral artery disease.

According to revenue analysis of the peripheral vascular stent market by FMI analysts for the year 2034, the market is expected to surpass USD 8,878.00 million.

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Peripheral Artery Disease and Aging Population Drive Demand

The increasing prevalence of PAD, a condition that affects blood flow in the arteries of the legs and arms, is a significant driver of market growth. As the population ages, the risk of PAD also increases, leading to a greater demand for peripheral vascular stents as a treatment option.

Minimally Invasive Procedures Gaining Traction

The growing adoption of minimally invasive procedures for peripheral vascular interventions is another factor contributing to market expansion. These procedures offer patients faster recovery times and less discomfort compared to traditional open surgery. Peripheral vascular stents play a crucial role in these minimally invasive techniques.

Global Peripheral Vascular Stents Market: Segmental Forecast

The global peripheral vascular stents market has been segmented on the basis of product type, artery type, end user and regions. Globally, the self-expanding stents is expected to be the most attractive segment from the manufacturers’ point of view. Although there is a high demand for drug eluting stents and the segment leads in terms of market volume in the forecast period, high price of drug eluting stents would lead to low revenue contribution of the product type segment. Among all the artery types, high demand of peripheral stents is expected to come from iliac artery segment due to growing prevalence for peripheral artery disease in many countries across the globe.

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Global Peripheral Vascular Stents Market: Regional Analysis

In terms of value, the global peripheral vascular stents market is expected to expand at 6% CAGR over the forecast period of 2022–2028. With nearly 48.5% market share, North America dominated in the global peripheral vascular stents market in 2021, partly due to penetration of newly approved drug eluting stents in the U.S. Western Europe is expected to be the second large market globally, with the U.K., Italy, France and Germany being countries with high growth rates. APEJ is expected to be the second large market for peripheral vascular stents, primarily due to improving immunization access and availability of cost-effective surgeries.

Global Peripheral Vascular Stents Market: Competition Tracking

The market for peripheral vascular stents is consolidated with few players contributing over 55% of revenue share. The key players identified in the global market include Medtronic Plc., Becton, Dickinson and Company, Cardinal Health, Inc., B. Braun Melsungen AG, MicroPort Scientific Corporation, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Abbott Laboratories, W.L. Gore & Associates Inc., and Cook Medical Inc., among others. Acquisition of established products to gain immediate growth is the key strategy adopted by key players in the market.

Key Companies Profiled:

  • Medtronic Plc.
  • Cardinal Health, Inc.
  • B. Braun Melsungen AG
  • MicroPort Scientific Corporation
  • Boston Scientific Corporation
  • BIOTRONIK SE & Co. KG
  • Abbott Laboratories
  • W.L. Gore & Associates Inc.
  • Cook Medical Inc.

Market Segmentation:

Peripheral Vascular Stents Market by Product Type:

  • Self-Expanding Stents
  • Balloon-Expanding Stents
  • Covered Stents
  • Drug-Eluting Stents

Peripheral Vascular Stents Market by Artery Type:

  • Carotid Artery
  • Fem-Pop Artery
  • Iliac Artery
  • Infrapop Artery

Peripheral Vascular Stents Market by End User:

  • Hospitals
  • Ambulatory Surgical Centers/Outpatients

Peripheral Vascular Stents Market by Region:

  • North America Peripheral Vascular Stents Market
  • Latin America Peripheral Vascular Stents Market
  • Europe Peripheral Vascular Stents Market
  • East Asia Peripheral Vascular Stents Market
  • South Asia & Pacific Peripheral Vascular Stents Market
  • Middle East & Africa (MEA) Peripheral Vascular Stents Market

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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 400 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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Global Demand for Privacy Enhancing Technology is expected to Grow: FMI Predicts Market to reach US$ 25.8 billion by 2033

The privacy enhancing technology market is estimated to be worth US$ 2.4 billion in 2023 and US$ 25.8 billion by 2033. Over the projection period, sales of privacy-enhancing technology are expected to increase at a CAGR of 26.6%. A wide variety of unprecedented insights can be gained through the use of artificial intelligence and machine learning as personal data processing increases exponentially.

Individuals can be less identifiable with PETs which reduces data collection and minimization. A PET focuses on hiding and shielding data so that it can be accessed with a greater level of security. Data minimization and stronger security principles can both be met with PETs that split or limit access to personal information.

Data science and privacy engineering communities have devoted considerable attention to the PET space in the past years as it has exhibited rapid growth. Data minimization and data security are enhanced features of PETs, which are also getting the attention of government officials and legislators because of data minimization and data security.

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In EUROPA, ENISA has identified several emerging pseudonymization techniques as new developments in information security. These techniques include MPC and zero-knowledge proofs. A supplementary technical measure for international personal data transfers has also been recognized by the European Data Protection Board. Research conducted by the Joint Research Centre of the European Commission has highlighted the benefits of synthetic data.

Key Takeaways from the Privacy Enhancing Technology Market:

  • FMI research indicates the United States will account for almost 75.60 % of the global market in 2033, making it a significant player in the market.
  • Among the leading players in the privacy enhancing technology market, South Korea holds a market share of 11.40% in 2023.
  • According to estimates, China’s privacy-enhancing technology sector will hold a 42.30% market share in 2023.
  • Over the projection period, Japan’s privacy-enhancing technology sector is predicted to grow at a CAGR of 26.5%.
  • Cryptographic techniques are predicted to dominate the privacy enhancing technology industry, accounting for nearly 26.1% CAGR of the market by 2033.
  • In the privacy enhancing technology industry, the software segment is forecast to dominate with a CAGR of roughly 26.4% by 2023.

How Key Players are Transforming the Manufacturing of Privacy Enhancing Technology?

The privacy enhancing technology industry faces fierce competition from a large number of global companies. Market leaders include

  • IBM
  • Microsoft
  • Oracle
  • SAP
  • SAS Institute
  • Thales eSecurity
  • CipherTrust
  • Socure
  • TrustArc
  • Veracod

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Businesses that strive to maintain market position focus on:

  • Producing products that are innovative and distinctive.
  • Geographically expanding their operations.
  • Collaboration and strategic alliance formation.

Research and development projects are also funded by industry participants to improve their offerings and gain an edge over their competitors.

There are several challenges faced by the players in the industry, including rising raw material costs, the growing competitive environment, and a lack of awareness about the benefits of privacy enhancing technology.

Business organizations are developing privacy enhancing technology that is relatively inexpensive and effective while raising consumer awareness through marketing campaigns.

Increasing demand for AI and innovative technologies presents a tremendous opportunity for market growth. A growing need for efficient PET systems is also expected to boost sales due to increased government efforts to promote privacy enhancing technology. Privacy enhancing technology and the entry of new players into the market are also expected to boost the market growth.

Recent Developments

  • In June 2023, The BIS Innovation Hub reported that key technologies can be used to detect money laundering networks more effectively. A behavioral-based approach is superior to the prevailing rules-based approach when it comes to identifying money laundering schemes through payment data, privacy-enhancing technologies, and artificial intelligence (AI).
  • In June 2023, Hexa-X, Europe’s 6G flagship research project, will reach its conclusion after running since January 2021. Research efforts at Hexa-X have been guided by the vision and aspirations mentioned at the start, laying the groundwork for 6G development.

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Market Segments Covered:

By Component:

  • Software
  • Service

By Type:

  • Cryptographic Technique
  • Anonymization Technique
  • Pseudonymization Techniques

By Application:

  • Compliance Management
  • Risk Management
  • Reporting & Analytics
  • Others

By End User:

  • BFSI
  • Healthcare
  • IT and Telecommunication
  • Government
  • Retail
  • Manufacturing
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia
  • East Asia
  • Middle East and Africa

Author:

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

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

About Future Market Insights (FMI)

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

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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Freeze-Dried Food Market: A Deep Dive into Methods, Trends, and Opportunities Leading to 2032

The global freeze-dried food market is set to witness growth at a CAGR of 6.8% over the forecast period, reaching a valuation of US$ 54.8 Bn by 2032.

Increasing awareness about various health benefits of nutritional, natural, and low carb diet is fuelling the demand for freeze-dried fruits and vegetables.  One of the key factors driving the market is prolonged shelf-life of freeze-dried fruits without any synthetic ingredient or preservatives.

Regular consumption of freeze-dried fruits can help in reducing the risk of cardiovascular diseases, liver and colon cancer, and other ailments. With rising health concerns among consumers, freeze-dried fruits manufacturers are launching innovative products to benefit from the ongoing trend.

Freeze-dried food is prone to contamination by toxigenic fungi and bacteria as they contain various parts of aromatic and medicinal plants such as flowers, seeds, stems, leaves, and roots which can degrade over time.

These foods are produced with powdered amalgams of various herbal plants which might produce toxins. This is increasing the chances of certain risk factors involved with the consumption of freeze-dried fruits, which might restrict sales in the market to an extent.

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Freeze-dried food manufacturers are becoming more conscious during the process cycles of freeze-dried fruits and are focusing on a thorough examination of herbal and aromatic plants to reduce the chances of contamination.

“Increasing sales of functional foods and dietary supplements in driving the adoption of freeze dried fruits and vegetables in the nutraceuticals sector. In addition to this, manufacturers are striving to achieve optimal processing methods to reduce the chances of contamination within these products, which is expected to steer the growth in the market,” says an FMI analyst.

Key Takeaways:

  • Sales in the North America freeze dried food market are expected to account for 25% of the total market share in 2022.
  • East Asia will emerge as a lucrative pocket owing to expansion of the food and beverage sector in countries such as China, India, and Japan.
  • Based on product type, freeze-dried fruits segment is expected to account for a dominant share of the global market in 2022.
  • In case of end use segment, sales in the food and beverage sector are forecast to remain high through 2032.
  • By sales channel, the B2B segment will emerge as a lucrative segment over the assessment period.

Competitive Landscape

Nestle S.A., Kerry Group Plc, European Freeze Dry, OFD foods LLC, Molda AG, and others are some of the leading freeze dried food market players profiled by FMI.

Manufacturers operating in the global freeze dried food market are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and to improve sales. For instance:

  • In 2020, Nestle introduced a simple solution known as “nesQino”. This aids the consumers to personalize their choices of healthy superfood and beverage made from 100% natural ingredients.

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Global Freeze- Dried Food Market By Category

By Product Type:

  • Fruits
    • Strawberry
    • Raspberry
    • Pineapple
    • Apple
    • Mango
    • Other Fruits
  • Vegetables
    • Carrot
    • Potato
    • Corn
    • Pea
    • Mushroom
    • Other Vegetables
  • Freeze-Dried Dairy Products
  • Freeze-Dried Meat and Seafood
  • Freeze-Dried Pet Food
  • Prepared Meal

By Nature:

  • Organic
  • Conventional

By Form:

  • Powdered
  • Granules
  • Diced

By End Use:

  • Food & Beverages Products
    • Breakfast Cereals
    • Dairy Products
    • Bakery & Confectionery
    • Nutritional Bars & Supplements
    • Powdered Beverages
    • Snacks
  • Retail (household)

By Distribution Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Store
    • Specialty Store
    • Food & Drinks Specialty Store
    • Independent Small Grocery Store
    • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

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
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Global Wound Debridement Products Market Set to Surge, Projected to Reach USD 7.52 Billion by 2033 at a 5.2% of CAGR

Wound Debridement Products Market
Global Wound Debridement Products Market

The global wound debridement products market will expand rapidly, with a 5.2% Compound Annual Growth Rate (CAGR) projected for the period between 2023 and 2033. The market is expected to reach a high valuation of USD 7.52 billion by 2033, as opposed to a forecast value of USD 4.54 billion in 2023.

Wound debridement is necessary for the effective treatment of many different types of wounds, including both acute and chronic wounds. The market for wound debridement products is expected to develop as a result of advancements in wound care technologies, a rise in the elderly population, and the incidence of chronic diseases.

Debridement treatments are crucial for managing both acute and chronic wounds because they facilitate the removal of biofilms, debris, and necrotic tissue, all of which are necessary for improving wound healing. Effective wound debridement solutions are expected to become more and more necessary as chronic wounds, such as pressure ulcers and diabetic ulcers, become more commonplace worldwide.

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Key Points

  1. The United States market leads the North American wound debridement products market in terms of market share in North America. The United States held a healthy market share of 35.9% in 2022. The factors attributed to the growth are the higher geriatric and old population along with the advanced healthcare platforms. The North American region held a market share of 40.7% in 2022.
  2. The German wound debridement products market held an average market share of 6.9% in 2022. The market growth is caused by higher government investment in public healthcare. The European region held a market share of 21.3% in 2022.
  3. The Indian market thrives at a healthy CAGR of 4.9% between 2023 and 2033. The growth is attributed to the increasing number of chronic diseases along with the well-developed research and development programs.
  4. The Chinese market strives at a CAGR of 5.6% between 2023 and 2033.
  5. Based on product type, the mechanical debridement pads type segment held the leading market share of 28.2% in 2022.
  6. Based on application type, chronic ulcers lead as it held a market share of 46.6% in 2022.

Competitive Landscape

The key suppliers focus on ease and affordability. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

  • Burning Treatment and Wound Debridements – DeRoyal IndustriesInc. Used burn treatment with fluftex gauze rolls & sponges, specialty absorptive dressings with wide mesh, and transeal transparent wound dressing.
  • Working on Evidence and Experience – BSN Medical has introduced the Cutimed Sorbact, a bacteria-binding dressing especially designed for venous leg ulcers, diabetic foot ulcers, and pressure ulcers.

Key Players:

  • Smith & Nephew PLC
  • Derma Sciences, Inc.
  • Lohmann & Rauscher International Zimmer Biomet
  • DeRoyal IndustriesInc.
  • Arobella Medical LLC
  • Misonix
  • Söring GmbH
  • BSN Medical
  • Molnlycke Healthcare AB

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Key Segments Covered:

By Product Type:

  • Hydrosurgical Debridement Devices
  • Low-Frequency Ultrasound Devices
  • Surgical Wound Debridement Devices
  • Mechanical Debridement Pads
  • Traditional Wound Debridement Devices
  • Larval Therapy

By Application Type:

  • Chronic Ulcers
  • Surgical Wounds
  • Traumatic Wounds
  • Burn Cases

By End Users:

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialized Clinics
  • Nursing Facilities
  • Others

Key Regions Covered:

  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • Middle East and Africa (MEA)

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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 400 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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Teleprotection Market Soars to US$ 25 Billion in 2023, Anticipates Remarkable Growth to Exceed US$ 182.2 Million by 2033

The global teleprotection market is estimated to capture a valuation of US$ 25 billion in 2023 and is predicted to surpass a valuation of US$ 182.2 Billion by 2033. The market is estimated to rise at a CAGR of 22% from 2023 to 2033.

Which Sector Drive the Global Market?

The power and energy sector significantly drives the market. Here are different sectors within the power and energy industry fueling the global market:

  • Power Transmission: The power transmission sector plays a significant role in driving the global market. The demand for teleprotection is growing due to secure and reliable electricity transmission. These systems can minimize disruptions, detect faults, apparent, and isolate to upgrade infrastructure.
  • Power Distribution: The distribution sector is another essential sector that plays a crucial role in the global market. Teleprotection helps to protect distribution networks, manage power quality, and enable remote control. It focuses on grid reliability, improves performance, and reduces outages.
  • Renewable Energy Integration: The growing integration of renewable energy, including wind and solar energy, drives the global market. Integration of renewable energy manages grid stability, monitors power flow, and ensures efficiency. Renewable energy continue to grow with the adoption of teleprotection in the coming period.
  • Oil & Gas Pipelines: The oil & gas pipeline is another sector that significantly drives the global Teleprotection market. The adoption of teleprotection in this sector is widely used for monitoring, control, and safety. These systems protect against accidents, monitor pressure, detect leaks, and integrate pipeline infrastructure.

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Key Takeaways:

  • The teleprotection market is estimated to register a CAGR of 22% with a valuation of US$ 182.2 billion during the forecast period.
  • In the historical period, the market secured a valuation of US$ 19.6 billion with a CAGR of 28.2% in 2022.
  • China is estimated to dominate the global market by capturing a valuation of US$ 46.1 billion during the forecast period.
  • Japan is estimated to register a valuation of US$ 28.4 billion with a CAGR of 22.3% by 2033.
  • With a CAGR of 20.7%, the United States is significantly driving the global market by 2033.
  • South Korea is estimated to collect a valuation of US$ 11.1 billion in the global market by 2033.

How are Key Players Adding Value in the Global Market?

The teleprotection industry is highly competitive with a number of prominent players globally. The key players are significantly driving the global market by innovating advanced and improved products. They invest their million-dollar amount in research and development activities to carry out new ideas to expand the market revenue.

Key players are adopting various marketing tactics to drive the global market mergers, acquisitions, collaborations, acquisitions, and product launches. These players are taking efforts to upsurge the market to another height by adopting these marketing strategies. Key players are focused on consumers’ requirements and provide them with advanced products to increase their sales volume.

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Key Players in the Global Market are:

  • Siemens AG
  • General Electric (GE)
  • Schneider Electric SE
  • SEL (Schweitzer Engineering Laboratories)
  • Nokia Corporation
  • Huawei Technologies Co., Ltd.
  • Cisco Systems, Inc.
  • GE Grid Solutions
  • Mitsubishi Electric Corporation
  • Schweitzer Engineering Laboratories (SEL)
  • Eaton Corporation
  • Toshiba Corporation
  • Alstom Grid
  • Schweitzer Engineering Laboratories (SEL)

Recent Developments in the Global Market are:

  • ABB Ltd announced its newly launched product FOX615 Core. This product is developed by cutting edge technology network utility including MPLS-TP network.

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Global Market by Categorization:

By Type:

  • Teleprotection Unit
  • Communication Network Technology
  • Teleprotection Software

By Components:

  • Intelligent Electronic Device
  • Interface Device

By Application:

  • Power
  • Telecom
  • Information Technology
  • Oil & Gas Pipelines
  • Transportation
  • Others

By Region:

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

Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Website: https://www.futuremarketinsights.com
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Canned Soup Market Poised to Surpass USD 5.3 Billion by 2032, Reports Future Market Insights Inc.

The canned soup market has witnessed significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns.

The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022.

Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge.

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Other factors influencing the growth in the market include an increase in the working population, a fast-paced lifestyle, and per capita spending on processed food goods, among others. Also, the growing demand for ready-to-eat food products and rising health concerns will boost the market.

Canned soups are widely available, handy, and convenient as ready-to-eat food products. With the growing prevalence of obesity in North America, the demand for boxed soups made with natural, fresh ingredients and minimal preservatives is increasing.

Key Takeaways

  • The U.S. canned soup market is expected to witness the fastest growth over the forecast period due to the high presence of leading companies.
  • Europe canned soup market will surpass US$ 868 Mn, accounting for 31% of the demand share in the global market
  • Based on type, the condensed soup segment will remain dominant due to increased health benefits.
  • In terms of processing, the organic condensed soup will remain highly sought-after over the forecast period.

“Increased demand for packaged and ready-to-eat food products will favor the sales of canned soup across the globe. With increased spending on convenient food products, key players are likely to introduce new flavors to expand their consumer base”, says a lead analyst at Future Market Insights.

Competitive landscape

Some of the players in the market are Campbell Soup Company Amy’s Kitchen Inc, General Mills Inc., The Kraft Heinz Company, Baxters Food Group, Unilever, Struik Foods Europe NV, Vanee Foods Company, BCI Foods Inc., Hain Celestial.

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Canned Soup Market By Category

By Type:

  • Condensed
  • Ready-to-eat

By Category:

  • Vegetarian
  • Non vegetarian

By Processing:

  • Regular Soup
  • Organic Soup

By Distribution Channels:

  • Supermarkets
  • Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

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The report covers an exhaustive analysis on:

  • How big is the canned soup market?
  • What is the CAGR of the canned soup market for the period 2022- 2032?
  • What is the North America canned soup market share?
  • What are the key trends shaping the canned soup market?
  • Which region is expected to be the fastest growing in the canned soup market?
  • What are the key players in the canned soup market?

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
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Global Portable Oxygen Concentrator Market for Growth, Projected to Reach USD 4.3 Billion by 2034 at a 6.7% of CAGR

Portable Oxygen Concentrator Market
Global Portable Oxygen Concentrator Market

The global portable oxygen concentrators market is anticipated to increase rapidly, reaching a value of USD 4.3 billion by 2034. It is projected to be valued USD 2.2 billion by 2024, implying a steady Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period.

People with respiratory conditions can lead more active lifestyles and have greater mobility and independence with the use of portable oxygen concentrators. Their quality of life is enhanced by this. The market is expanding as a result of rising respiratory illness rates and technological advancements in portable oxygen concentrators.

Portable oxygen concentrators (POCs) are crucial for providing respiratory support to those with breathing difficulties, enabling them to lead independent and active lives. These lightweight, portable devices are ideal for providing oxygen therapy in a range of settings, including homes, hospitals, and outdoor areas.

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Pulse Flow Technology Dominates

Within the portable oxygen concentrator market, the pulse flow segment currently reigns supreme, holding a dominant share of approximately 67.7% (2021). These concentrators deliver bursts of oxygen synchronized with the patient’s inhalation cycle.

Patients can more easily handle portable oxygen concentrators because they are smaller than homecare oxygen concentrators. In addition to patients, mountaineers and tourists utilize POCs when they are in areas with low oxygen levels. The demand for portable oxygen concentrators is predicted to increase due to the growing number of people with respiratory conditions including chronic obstructive pulmonary disease (COPD) around the world.

The World Health Organization (WHO) reports that chronic obstructive pulmonary disease (COPD) is still the third most common cause of death globally, accounting for over 3.23 million fatalities. The disease’s patients frequently need oxygen therapy to raise blood oxygen levels and enhance the oxygen delivered to their organs, therefore portable oxygen concentrator sales are expected to grow at a healthy rate.

Portable oxygen concentrators are also used in the glassblowing industry, skin care products, and non-pressurized airplanes. Over the next ten years, this will increase demand for portable oxygen concentrators.

Similar to this, it is anticipated that the global market for oxygen concentrators would grow as a result of ongoing new product releases and approvals by top manufacturers. Top companies in the portable oxygen concentrators market are launching innovative and effective solutions to capitalize on new prospects.

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Competitive Landscape:

In the portable oxygen concentrators market, manufacturers are adopting different strategies such as new product launches, mergers, acquisitions, partnerships, and strengthening of distribution channels to raise their sales and gain a competitive edge in the global market.

Instances of key developmental strategies by the industry players in the portable oxygen concentrators market are given below:

  • In April 2019, Inogen One G5, a light, easy portable oxygen concentrator created to provide oxygen requirements to patients, was launched by Inogen, Inc.
  • In October 2019, Precision Medical announced the launch of its new product, the Live Active Five portable oxygen concentrator. The product was created to help patients with chronic obstructive pulmonary disease and other respiratory diseases.

Key Companies Profiled:

  • Koninklijke Philips N.V.
  • Inogen, Inc
  • Chart Industries, Inc.
  • Resmed, Inc.
  • Invacare Corporation
  • Drive DeVilbiss Healthcare LLC
  • Precision Medical, Inc.
  • Besco Medical Co. Ltd.
  • Oxus America, Inc.
  • Foshan KeyhubElectronic Industries Co. Ltd.
  • O2 Concepts LLC
  • GCE Group

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Key Market Segments Covered in Portable Oxygen Concentrators Industry Research:

By Product:

  • Continuous Flow Portable Oxygen Concentrator
  • Pulse Flow Portable Oxygen Concentrator

By End User:

  • Hospitals
  • Homecare
  • Ambulatory Surgical Centres
  • Travel Agents

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East 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 400 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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Global Central Venous Catheter Market for Explosive Growth, Projected to Reach USD 5,314.5 Million by 2033 at a 5.1% of CAGR

Central Venous Catheter market
Global Central Venous Catheter market

The global central venous catheters market is anticipated to grow rapidly and, by 2033, be valued at USD 5,314.5 million. With a current market size of USD 3,238.1 million in 2023, manufacturers in this industry can anticipate a stable Compound Annual Growth Rate (CAGR) of 5.1% over the projection period.

Central venous catheters are crucial for performing necessary medical procedures and treatments in today’s healthcare system. Both the growing necessity for advanced medical equipment and the global growth in the prevalence of chronic diseases are contributing factors to this predicted market expansion.

Central venous catheters are vital to medical treatments because they allow for the administration of medications, fluids, and blood products, as well as the measurement of central venous pressure and hemodynamic monitoring. A variety of reasons, such as the growing need for minimally invasive procedures, the increasing incidence of chronic diseases, and advancements in catheter design and material, are projected to drive the growth of the central venous catheter market.

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For patients who cannot get adequate nutrients through oral or enteral means, parenteral nutrition, or intravenous infusion of nutrients, is required. This encompasses those who have undergone surgery, are undergoing cancer treatment, or suffer from severe gastrointestinal diseases. Central venous catheters are becoming more and more necessary to provide parenteral nutrition therapy as people realize how important nutrition is to both overall health and patient rehabilitation.

Key Takeaways from the Central Venous Catheter Market Report:

  • In 2018, the global market size stood at US$ 2,446.9 million.
  • The market size developed at a 4.7% CAGR from 2018 to 2022.
  • In 2022, the global market size stood at US$ 3,074.7 million.
  • In 2022, the non-anti-microbial catheter segment garnered 75.7% of the central venous catheter market shares.
  • In 2022, the double lumen segment gained 63.6% of the central venous catheter market shares.
  • In 2022, the hospitals segment garnered 60.3% of the central venous catheter market shares.
  • The United Kingdom’s central venous catheter market will develop at a CAGR of 9.0% through 2033.
  • Germany’s central venous catheter market will rise at a 3.3% CAGR through 2033.
  • Australia’s central venous catheter market growth will thrive at a 5.1% CAGR through 2033.

Recent Developments Observed by FMI:

  • Coloplast unveiled a novel catheter in the United States in January 2023. The SpeediCath Flex Set catheter is intended for use by those with bladders and urine problems. Triple Action Coating Technology is a feature on all SpeediCath catheters designed to reduce the risk of urethral damage and urinary tract infections (UTIs) for patients with spinal cord injuries (SCI).
  • Braun Medical Inc. (B. Braun), a pioneer in infusion therapy, announced the launch of its new Introcan Safety 2 IV Catheter with one-time blood control in July 2022. The Introcan Safety 2 IV Catheter, the newest invention from B. Braun, makes IV access safer for the clinician by reducing the risk of blood exposure and needlestick accidents.

The CVC market is expected to continue growing as healthcare professionals strive to fulfill patients’ changing expectations and enhance clinical results. Central venous catheters are maturing into essential instruments in contemporary healthcare due to the convergence of cutting-edge technology, patient-centric design, and infection control measures. A dedication to innovation, regulatory compliance, and the search for cost-effective solutions for patients and healthcare systems underpin the market’s growth trajectory,” says an FMI analyst.

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Competitive Landscape

A blend of international and regional businesses defines the central venous catheter (CVC) market’s competitive environment. Prominent multinational corporations with sizable market shares include Becton, Dickinson and Company (BD), Teleflex Inc., and C.R. Bard (now acquired by BD). These market leaders use their vast product portfolios, well-developed distribution systems, and strong R&D departments to keep a competitive edge.

Regional players are essential to supplying local markets at the same time. They frequently concentrate on specialized markets, personalization, and affordable fixes while taking into account particular regional tastes and healthcare needs. Global and regional firms frequently use partnerships, mergers, and acquisitions to increase their market share, gain access to new technology, and improve their product offerings.

Recent Developments

  • In January 2023, Coloplast introduced a new catheter in the United States. People with bladder and urine issues are the target market for the SpeediCath Flex Set catheter. All SpeediCath catheters have Triple Action Coating Technology, a choice for people with spinal cord injuries (SCI) and intended to lower the risk of urethral injury and urinary tract infections (UTIs).
  • A pioneer in infusion therapy, B. Braun Medical Inc. (B. Braun) announced the introduction of its new Introcan Safety 2 IV Catheter with one-time blood control in July 2022. The newest innovation from B. Braun makes IV access safer for the clinician by lowering the possibility of needlestick injuries and exposure to blood with the Introcan Safety 2 IV Catheter.

Key Players in the Central Venous Catheter Market:

  • Angio Dynamics
  • C.R. Bard
  • Teleflex Incorporated
  • B. Braun Melsungen AG
  • Kimal Healthcare
  • Come B.V.
  • Medtronic Plc
  • Smiths Medical
  • Vygon (UK) Ltd.
  • Becton, Dickinson, and Company
  • Argon Medical Devices Inc.
  • Boston Scientific Corporation
  • Cook Medical Incorporated
  • Medical Components Inc.
  • Fresenius Kabi AG

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Central Venous Catheter Market Segmentation

By Product:

  • Dialysis Catheters
  • Acute Hemodialysis Catheter
  • Chronic Hemodialysis Catheter
  • Peritoneal Dialysis Catheter
  • PICC Catheters
  • Implantable Port
  • CVC Catheters
  • Tunneled Catheters
  • Non-tunneled Catheters

By Property:

  • Anti-microbial Catheter
  • Non-Anti-Microbial Catheter

By Design:

  • Single Lumen
  • Double Lumen
  • Multiple Lumen

By End-user:

  • Hospitals
  • Ambulatory Surgical Centers
  • Dialysis Centers
  • Specialty Clinics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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 400 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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Dairy Whiteners Market to Surge at 6.1% CAGR by 2033, FMI Analysis Suggests

The dairy whiteners market to be worth US$ 11.06 billion by 2023, expanding at a CAGR of 6.1% from 2023 to 2033. By 2033, the dairy whiteners industry is expected to reach US$ 19.29 billion.

The demand for dairy whiteners is being fueled by an increase in tea consumption and the health advantages of these products. The demand for dairy whiteners is significantly influenced by their accessibility and ability to provide the same taste as milk.

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Unraveling the Driving Forces Behind Economic Growth

Lactose Intolerance is on the Rise among Millennials

The global dairy whitener market offers exponential income potential due to younger generations’ increasing lactose intolerance. New clients and consumer trends will give endless chances for the global dairy business. The introduction of new flavours and bases will be key market drivers.

Coffee Culture is Becoming Widely Available and Popular

The dairy whiteners industry benefits from the extensive availability of dairy whitener in both online and offline outlets. Aside from that, the growing use of dairy whitener among lactose-intolerant patients is driving market expansion. The expanding acceptability of coffee culture, as well as the increasing use of modern technologies such as spray drying and hydrogenation in the production of dairy whitener, are driving up sales.

Opportunity

The rising number of consumers with health conditions like lactose intolerance is one of the main causes. They are now more inclined to choose dairy goods like dairy whitener as a result.

The dairy whiteners manufacturers are producing unique base, kind, and flavor variations. Due to this, consumers have access to a variety of products, which affects how they shop. Customers are drawn to dairy whitener as a result.

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Regional Analysis

The leading revenue share in the global dairy whiteners industry belongs to the Asia Pacific region, and this trend is to last during the forecast period. Increased population, growing urbanization, and the presence of many tea and coffee drinkers in the area, particularly in developing nations are accelerating the market in the region.

Due to the high population of coffee drinkers in the region—both hot and cold—North America holds the second-significant revenue share in the dairy whiteners industry.

Key Takeaways

  • United States dairy whiteners business acquires a market share of 19.4% between 2023 and 2033.
  • Germany dairy whiteners industry acquires a market share of 6.5% between 2023 and 2033.
  • Australia market acquires a market share of 1.9% between 2023 and 2033.
  • Japan dairy whiteners industry acquires a market share of 5.3% between 2023 and 2033.
  • China dairy whiteners industry to register a CAGR of 5.2% from 2023 to 2033.
  • India market to record a CAGR of 7.9% between 2023 and 2033.
  • United Kingdom market to expand at a CAGR of 5.0% from 2023 to 2033.
  • By product type category, the unflavored dairy whiteners segment holds a market share of 65.9% during the forecast period.
  • By packaging category, the sachets segment holds a market share of 38.6% during the forecast period 2023-2033.

Competitive Environment

Prominent dairy whitener manufacturers intend to broaden their footprint across promising areas. By using growth tactics such as introducing new products, developing strategic collaborations with existing companies, and purchasing small-scale manufacturers.

Nestlé, Fonterra, Danone, Amul, FrieslandCampina, and Lactalis are some of the leading competitors in the global dairy whiteners industry. Arla Foods, Dean Foods, Saputo, Yili Group, Muller, Dairy Farmers of America, Schreiber Foods, Land O’ Lakes, Mother Dairy, Sodiaal, Mengniu, Morinaga Milk Industry, and Kraft Heinz are among the other significant corporations.

Latest Development

·         Expansion

Fonterra Co-operative said in October 2021 that its dairy product outreach in the United Kingdom to expand further, as the country has promised to remove tariffs on all dairy products over the next five years in order to erase restrictions encountered.

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Key Segment

By Product Type:

  • Flavoured Dairy Whitener
  • Unflavored Dairy Whitener

By Packaging:

  • Carton Packs
  • Sachets
  • Plastic Jars
  • Jigger Pots
  • Stick Packaging

By Sales Channel:

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

By Region:

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

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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