Market Research Blog – Page 1222 – New Product Development

Global Nutricosmetics Market Set to Double by 2034: Projected to Grow at a CAGR of 8.2%, Reaching USD 15.4 Billion

The global nutricosmetics market is set to witness significant growth over the next decade, driven by increasing consumer awareness of the benefits of beauty-from-within products. In 2024, global sales of nutricosmetics are estimated to reach USD 6,984.7 million, and this figure is expected to more than double, reaching USD 15,398.7 million by 2034. The market is anticipated to grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2034. In 2023, the sector generated USD 6,520.7 million in revenue, highlighting its steady upward trajectory.

Key Drivers of Growth

Growing Awareness of Health and Beauty: Increasing demand for products that promote holistic beauty, where internal health reflects on external appearance, is a major factor driving the growth of the nutricosmetics market. Consumers are seeking solutions that offer beauty benefits such as improved skin, hair, and nail health, which can be achieved through nutritional supplementation.
Shift Toward Preventive Health and Aging: As populations age, there is a greater emphasis on preventive health measures, including the use of nutricosmetics to slow down signs of aging. The desire for natural solutions to maintain youthful appearances is leading to increased adoption of these products.
Rising Popularity of Functional Foods and Supplements: Nutricosmetics, which blend the benefits of cosmetics and nutrition, are increasingly popular as part of the growing trend toward functional foods and supplements. These products are convenient and cater to consumers seeking comprehensive health solutions in daily routines.

Emerging Trends in Nutricosmetics

Personalized Nutrition: As scientific advancements enable more precise customization of products, personalized nutricosmetics are gaining traction. Tailoring supplements to individual needs based on genetics, lifestyle, and environmental factors is a key trend shaping the future of the market.
Clean Label and Natural Ingredients: Consumers are showing a preference for natural, organic, and clean-label nutricosmetics, seeking transparency and products free from synthetic additives and chemicals.
Expansion into New Markets: The nutricosmetics market is rapidly expanding into emerging markets, particularly in Asia-Pacific and Latin America, where rising disposable incomes and increasing health awareness are fueling demand.

Competitive Landscape

The nutricosmetics market is highly competitive, with leading players focusing on innovation, research and development, and strategic partnerships to expand their market share. Key players are introducing new products with enhanced formulations, targeting specific beauty concerns such as anti-aging, hydration, and UV protection.

Companies are also leveraging marketing strategies that emphasize science-backed claims, natural ingredients, and sustainability to cater to the growing consumer demand for transparency and efficacy in beauty products.

Global Nutricosmetics Market by Category

By Product Type:

Beauty Berages/ Drinks
Supplements
Tablets
Capsules
Powder
Liquid

By Primary Function:

Skin Care
Sun Care
Anti-Aging
Radiance & Glow
Anti-acne/pimple
Hair & Nail Care
Weight Management
Multi-Functional

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 FMI:  

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

Citrus Seeds Industry Set for 6.8% CAGR Growth, Expected to Hit USD 8.9 Billion by 2033

The citrus seeds market has experienced a remarkable surge in recent years, driven by growing demand for citrus fruits and their derivatives. These tiny powerhouses, loaded with essential nutrients and antioxidants, have gained popularity in the health and wellness industry.

The market for citrus seeds worldwide was projected to reach USD 4.32 billion in 2022. Sales are expected to reach USD 8.9 billion by 2033 thanks to consumer preference for healthy and natural components, which will result in a 6.8% CAGR from 2023 to 2033.

Citrus seeds are used far less frequently than they are generated. The demand-supply imbalance should be reduced by research on the many uses of citrus seeds, particularly in the food and beverage sector. According to FMI predictions, the market for citrus seeds would expand at a significant CAGR due to the rising demand for these derivatives in a variety of applications.

Citrus seeds are recognized for having anti-inflammatory characteristics that support healthy scalp maintenance and give hair a natural sheen and structure. Products made from citrus seeds are beneficial for revitalizing the scalp since they fight dandruff as well as sebaceous dermatitis and, in the end, stimulate the hair follicles to encourage the formation of new hair. Climate change has resulted in significant alterations to the skin’s sensitivity and propensity for disease outbreaks.

The usage of citrus seed products aids in moisturizing the skin by replenishing moisture and enhancing the skin’s healthy shine. The market for citrus seeds is expected to benefit from the rapid increase in the usage of citrus seeds in cosmetology as well as personal care products from 2023 to 2033.

Key Takeaways from this Market Study:

Sales of citrus seeds increased at a 4.2% CAGR between 2018 and 2022.
In 2022, the conventional category had a 74% market share advantage over the organic segment.
Oil extraction is the most common use and in 2022, oil extraction held a 62.5% market share.
Direct B2B industry is estimated to hold a significant market share of 67.1% in 2022.
By 2033, India will control more than 26.2% of the market in Asia-Pacific outside of Japan.
In 2022, the US held a 73.5% market share in North America.

“The worldwide citrus seeds industry is expanding as a result of customers, who are looking for products that are manufactured organically and don’t cause skin allergies as a consequence, which is increasing demand for skin care and cosmetics products free of chemicals,” – remarks an analyst at FMI.

Competitive Landscape:

Market players are extending their manufacturing facilities to increase production volumes. Businesses of all kinds must constantly evolve technologically to compete in this cutthroat climate, thus frequent machinery upgrades are carried out to boost productivity. Adopting modern, cutting-edge marketing techniques to promote the products—such as eco-friendly packaging and biodegradable packets—will guarantee a favorable perception in the eyes of the public and will also place the goods in an advantageous position for success.

Prominent players in this market are:

Lemon Concentrate S.L.
Citrosuco S.A.
Louis Dreyfus Company B.V.
Yantai North Andre Juice Co. Ltd.
Sucocitrico Cutrale Ltd.
Citromax Group
Peace River Citrus Products
Rio Grande Juice Company
Vita-Pakt Citrus Products
Panteley Toshev Ltd
Tangshan Eusa Colors Int’l Group(EUSA COLORS)
Presque Isle Wine Cellars
Parchem Trading Ltd.

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

Yantai North Andre Juice Co.,Ltd. is a renowned company in this market that makes concentrated fruit juice drinks. Juice purees, vegetable juices, fruit juices, compound fruit as well as vegetable juices, and other goods are produced by the company. Yantai North Andre Juice distributes its goods around the world, including in Asia, Europe, and North America.

More Valuable Insights Available

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

To understand opportunities in the citrus seeds industry, the market is segmented on the basis of citrus seeds by nature (organic, conventional), application (animal feed, oil extraction, dietary supplements, personal care and cosmetics, household/retail), sales channel (direct/B2B, modern trade, specialty store, online retailers) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments Profiled In This Market:

By Nature:

Organic
Conventional

By Application:

Animal Feed
Oil Extraction
Dietary Supplements
Personal Care and Cosmetics
Household/Retail
Others

By Sales Channel:

Direct/B2B
Modern Trade
Specialty Store
Online Retailers
Other Sales Channels

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

Fish Protein Market on Track for 7.2% CAGR Growth Through 2033, FMI Analysis Shows

The fish protein market (Fischproteinmarkt) is valued at USD 1 billion in 2023 and is projected to double and reach USD 2 billion by 2033. The market is expected to register a CAGR of 7.2%, during the forecast period.

Fish Protein Market Insights

Attributes	Details
Fish Protein Market Size Value in 2023	USD 1 Billion
Market Forecast Value by 2033	USD 2 Billion
Global Growth Rate (2023 to 2033)	7.2%
Forecast Period	2023 to 2033

The plethora of nutritional benefits offered by fish protein has made it a favorite amongst health-conscious consumers. Government initiatives and subsidies to boost aquaculture have also been acting in the market’s favor. FMI’s analysis predicts a favorable period for key players. On the other hand, the time is ripe for new players to step in and conquer the market by filling technological gaps.

Developed markets have emerged as the most lucrative ones, due to consumer penchant for innovative products. New variants of over-the-counter fish protein health supplements are swarming the north American and European markets. Modern lifestyle habits and poor diet has inspired consumers to look for a quick fix. On the other hand, the beauty industry is harnessing the potency of the product to launch new formulations such as nutricosmetics.

Further, key players have been striving to capture market demand, through the adoption of technologies that hasten the fish growth cycle. This is extremely beneficial in augmenting production capacities. Since demand is currently on the rise, key players must attempt not to be bogged down by market restraints such as high production, storage, and transportation costs.

Key Takeaways from the Report:

According to FMI’s analysis, fish protein market sales have grown at a CAGR of 6.1% between 2017 and 2022.
The U.S. fish protein market is to rise at a CAGR of 8% to reach USD 566.4 Mn by 2033.
India’s fish protein market is expected to grow at 6% CAGR during the forecast period.
Between 2023-2033 the South Korean market is expected to rise at a CAGR of 6.1% to reach a valuation of UD 64.2 Mn by 2033.
During the forecast period, the powder segment is expected to grow at a CAGR of 7.4% as the top form.
The fish protein isolate segment is projected to grow at a CAGR of 6.6% during the forecast period. It is currently, the most in-demand segment, by product type.

Key Players Diversify to Capture Consumer Attention

Key players are launching a variety of products, especially in the pharmaceuticals sector to sustain market growth. Further, to stay abreast of current trends, many are launching, sustainable and organically sourced variants to meet market demands. To slash competition, top players are investing in advanced technologies to yield higher-quality products in a shorter time span.

Key Market Developments:

In 2021, Avant Meats Company Limited acquired Vinh Hoan Corporation, a renowned producer of seafood and protein. This was to bolster the commercialization of fish protein by expanding the global sales network and production capacities.
In 2022, Paine and partners sold its subsidiary, ScanBio to two companies namely Pioneer Infrastructure and Verdane. Pioneer Infrastructure is based in the UK, whereas Verdane is based in Norway. Pain and partners officially acquired ScanBio in 2011.

Key Market Players:

Omega Proteins
Bio-Oregon Protein
Colpex International Inc.
Mukka Seafood Industries Limited
Aroma NZ
Ingredients Inc.
Peterlabs Holdings
Siam Industries International
Apelsa Guadalajara S.A. de C.V.
Bio Phoenix Formulations
Qingdao Future Group

Full Market Assessment: Comprehensive Report

Fish Protein Market by Category

Form:

Powder
Liquid

Product Type:

Fish Protein Concentrate
Fish Protein Isolate
Fish Protein Hydrolysate

Application:

Food & Beverages
Cosmetics and Personal Care
Sports Nutrition & Dietary Supplement
Pharmaceuticals
Others

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

Contact FMI:

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

Global Men’s Intimate Care Products Market: Growth From USD 13.5 Billion in 2023 to USD 35.97 Billion by 2033

The global men’s intimate care products market is experiencing robust growth, with sales valued at US$ 13,496.9 million in 2023. This sector is expected to expand significantly over the next decade, with market projections estimating a value of US$ 35,972.8 million by 2033, driven by a strong compound annual growth rate (CAGR) of 10.3%.

Key Factors Driving Market Growth

Changing Societal Norms: Growing awareness and acceptance of men’s personal hygiene and self-care have significantly contributed to the demand for intimate care products.
Product Innovation: The development of innovative products catering to men’s intimate grooming needs, such as specialized body washes, creams, and grooming tools, has attracted more consumers.
Increased Focus on Health and Hygiene: A rising focus on health, hygiene, and wellness is pushing more men to adopt intimate care routines, further bolstering market growth.
Expanding Retail Channels: With the increasing availability of men’s intimate care products across online and offline retail platforms, these products are becoming more accessible to a global audience.

Key Takeaways from the Market Study

The men’s intimate care products market is expected to grow at a CAGR of 10.3% over the forecast period.
North America is expected to dominate the men’s intimate care products market due to the high presence of major market players such as Procter & Gamble and Unilever.
Men’s intimate care products are dominated by antiperspirants, which are expected to hold 25.1% of the global market share in 2023.
The Asia Pacific market is expected to expand at a 9.2% CAGR.
The market for men’s intimate care products in Europe is predicted to grow at a CAGR of 8.9%.

Emerging Trends Shaping the Market

Natural and Organic Products: Men are increasingly opting for natural and organic products, which is encouraging manufacturers to innovate with eco-friendly, chemical-free ingredients.
Subscription Services: Monthly subscription services for intimate grooming kits are gaining popularity, offering convenience and encouraging regular use of products.
Personalized Solutions: Customizable and skin-type-specific products are emerging, catering to the diverse needs of male consumers across different regions.

Competitive Landscape

The market for men’s intimate care products is becoming increasingly competitive, with a mix of global brands and niche players vying for market share. Leading companies are focusing on expanding their product lines, enhancing brand visibility, and investing in marketing campaigns to tap into this growing consumer base. Collaborations with influencers and the use of social media are helping brands engage with younger male demographics, further boosting market growth.

Key Segments Of Men’s Intimate Care Products Industry Survey

Product:

Washes
Wipes
Antiperspirants
Creams/Moisturizers
Shaving Care
Others

Nature:

OrganicMen’s Intimate Care Products
Conventional Men’s Intimate Care Products

Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Independent Small Stores
Departmental Stores
Online Retailers
Other Sales Channels

Packaging:

Aerosols
Sticks
Roll-ons
Bottles
Tubes
Others

Price Range:

Premium Men’s Intimate Care Products
Mid-range Men’s Intimate Care Products
Economic Men’s Intimate Care Products

Region:

North America Men’s Intimate Care ProductsMarket
Latin America Men’s Intimate Care ProductsMarket
Europe Men’s Intimate Care ProductsMarket
East Asia Men’s Intimate Care ProductsMarket
South Asia & Pacific Men’s Intimate Care ProductsMarket
Middle East & Africa (MEA) Men’s Intimate Care ProductsMarket

About Future Market Insights (FMI)

Contact FMI:  

Asian Sea Bass Market to Hit USD 1,567 Million by 2034, Growing at 4.5% CAGR – FMI Report

The market for Asian sea bass is estimated to reach USD 1,012 million by 2024. A CAGR of 4.5% will be achieved by 2034, bringing sales to USD 1,567 million. Lates calcarifer, also known as giant perch or barramundi, is commonly known as Asian sea bass. Among the Indo-Pacific nations, it is one of the most valuable fish cultivated in the country.

Various studies reveal that sea bass is an excellent source of omega-3 fatty acids, which is one of the most important nutrients to maintain cardiovascular health, as it decreases inflammation, lowers blood pressure, and lowers the risk of heart disease. Its nutritional content makes sea bass an excellent source of health benefits.

Sea bass contains a high amount of protein, which supports a healthy immune system, prevents imbalances in hormone levels, and supports the functioning of the body’s tissues. In addition to Omega 3 and Omega 6 vitamins, sea bass also contains minerals like magnesium and selenium, which are essential for healthy bones, strong immune systems, and energy production.

The omega-3 fatty acids present in sea bass may also enhance memory and focus in addition to enhancing the brain health and cognitive function of the fish. With its anti-inflammatory properties, sea bass might lower the risk of conditions such as arthritis, cardiovascular disease, and some types of cancer by aiding in the body’s fight against chronic inflammation.

In terms of eye health, sea bass is a good choice. As a great source of vitamins and nutrients, it contains important nutrients like vitamin A, and omega-3 fatty acids, and it protects the retina from damage, thus preventing age-related macular degeneration and supporting healthy eyes.

Key Takeaways from the Market Study

45% of the market is expected to be occupied by farmed products in 2024.
Based on form, the whole segment market share is expected to reach 25% in 2024.
India is predicted to experience a 4.2% CAGR during the forecast period.
The United Kingdom is expected to drive Asian sea bass demand by 9.3% CAGR during the forecast period.
With 3.4% of the market, China will become a lucrative market for Asian sea bass.

“Increasing awareness about the nutritional value of sea food among consumers and advances in aqua farming are likely to drive demand for Asian sea bass. Increasing regulations and consumer demand for organic farming will drive demand for the market in the future,” comments a Future Market Insights analyst.

Competitive Landscape

Asian sea bass products are effective at increasing consumer awareness and driving demand through a variety of marketing techniques. Partnerships with businesses and food outlets, as well as participation in seafood trade shows, are all contributing to higher brand awareness.

In December 2022, Singapore-based Barramundi Group formed a partnership with Wild Ocean Australia. The Barramundi Group developed the Kimberley Ocean Barramundi Project following its partnership with Wild Ocean.

More Valuable Insights Available

Future Market Insights offers an unbiased global Asian sea bass market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the Asian sea bass market is segmented based on the source (farmed (freshwater, brakishwater) and wild)), form (whole, headed and gutted, fillet, and frozen), sales channel (direct sales-B2B, and retail sales (modern trade, convenience store, specialty food stores, online retail, and others)) and region (North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, Middle East and Africa).

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Asian Sea Bass – Key Segments

By Source:

Market segments include farmed (freshwater, brakishwater) and wild.

By Form:

Key sourcing data is in the report, such as whole, headed and gutted, fillet, and frozen.

By Sales Channel:

Formats are further divided into direct sales-B2B and retail sales (modern trade, convenience store, specialty food stores, online retail, and other).

By Region:

The market has been analyzed in the major markets of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and Middle East & Africa.

About Future Market Insights (FMI)

Isomalt Market on Track for 6% CAGR, Expected to Hit USD 1.9 Billion by 2033 – Future Market Insights

The worldwide isomalt market in 2022 was valued at USD 1,013.7 million. According to Future Market Insights, sales are predicted to reach USD 1,896.7 million by 2033. The market is expected to incline at a 6% CAGR from 2023 to 2033 to reach USD 1,896.7 million.

The food and beverage sector makes extensive use of products from the worldwide isomalt market. Isomalt is resistant to moisture, has a low water absorption rate, and has a pleasantly lasting flavor. Because of these characteristics, isomalt products are frequently utilized in the production of sweets and chewing gum. The pharmaceutical industry uses products from the global isomalt market to create fast-dissolving disintegrating tablets (FDDTs). The worldwide isomalt market is expanding as a result of rising demand for isomalt-based drugs and granules.

The global isomalt market is growing as more focus is being placed on preserving optimum health via nutrition, exercise, as well as ingestion of a healthy, sustainable diet. An increase in the number of people suffering from various lifestyle illnesses, such as overweight and diabetes is another element promoting this trend. The demand for processed meals with low sugar content has increased as a result of people’s rising health consciousness. Products made from sugar beet that are sold on the worldwide isomalt market are thought to be superior than sugar.

Isomalt can be used to patch initial oral cavity abnormalities. Saliva production is prompted by its sweet flavor, which lowers acidity and elevates the amount of calcium on the tooth’s surface. The remineralization of areas that were previously harmed by oral pH abnormalities brought on the eating of fermentable carbs is accelerated by these alterations. Factors as these will be responsible for propelling the growth of the global market for isomalt in the coming years.

Key Takeaways from the Market Study

Global market for grape skin is expected to be valued at US$ 1,054 million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 2.4%
In 2022, the United States market to garner a 3.6% CAGR from 2023 to 2033.
The market in China will likely rise at a 3.6% CAGR from 2023 to 2033
India is predicted to possess a market share of 14.2% in 2023 for isomalt products

“Growing support for sustainability to protect the environment and worries about high-quality food goods give market participants more lucrative options in the global isomalt market.” remarks an FMI analyst.

Competitive Landscape

Prominent players in the isomalt market are:

BENEO GmbH
Cargill, Inc.
Merck KGaA
Baolingbao Biology Co., Ltd
Akhil Healthcare Pvt Ltd
SINO Food Ingredients (SINOFI)
KF Specialty Ingredients
Wilmar BioEthanol
Deiman SA de CV
Quadra Chemicals Ltd
A. Pharmachem Pvt. Ltd.

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

Cargill along with Continental Grain Company announced the completion of the previously announced acquisition of Sanderson Farms, Inc. in July 2022. A cooperative venture involving Cargill and Continental Grain carried out this. The purchase was announced in 2021.
Effective on July 22, 2022, the stock of Sanderson Farms will no longer be traded on the NASDAQ as a consequence of the transaction’s completion. Cargill and Continental Grain joined Sanderson Farms alongside Wayne Farms, a Continental Grain subsidiary, to create a brand-new, privately held chicken company. The new company, Wayne-Sanderson Farms, will have its main office in Oakwood, Georgia.

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More Valuable Insights Available

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

To understand opportunities in the isomalt market, the report is segmented on the basis of isomalt by nature (organic and conventional), form (powder and syrup), and end use across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

About Future Market Insights (FMI)

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Transforming Culinary Experiences: The Small Kitchen Appliances Market Set for Growth from USD 105.84 Billion to USD 145 Billion by 2033

The small kitchen appliances market is undergoing significant transformation, driven by technological advancements and changing consumer preferences. Estimated to be valued at USD 105.84 billion in 2023, the market is expected to grow to USD 145.0 billion by 2033, advancing at a compound annual growth rate (CAGR) of 3.2% during the forecast period. This growth presents exciting opportunities for manufacturers, retailers, and consumers alike.

Key Factors Driving Market Growth

Convenience and Efficiency: The increasing demand for convenience in cooking and food preparation has propelled the adoption of small kitchen appliances. Busy lifestyles and the need for quick meal solutions are driving consumers toward appliances that save time and effort, such as blenders, toasters, and food processors.
Health Consciousness: With a growing focus on health and wellness, consumers are seeking appliances that support healthier cooking methods. Air fryers, steamers, and juicers have gained popularity as they offer healthier alternatives to traditional cooking methods, encouraging a shift toward nutritious home-cooked meals.
Technological Innovations: Advancements in technology have led to the development of smart appliances that enhance the cooking experience. Features such as app connectivity, voice control, and energy efficiency are becoming increasingly important, attracting tech-savvy consumers looking for modern solutions in their kitchens.
Rise of Home Cooking: The pandemic has reignited interest in home cooking as people spent more time at home. This trend is expected to continue, with consumers investing in small kitchen appliances to explore new recipes and culinary skills.

Key Takeaways from the Market

According to FMI, the United States leads the way in driving growth throughout North America, with a remarkable CAGR of 3.1% projected by 2033.
Sales of small kitchen appliances are expected to surge at 3.2% CAGR across China in the next ten years.
India is expected to augment at a CAGR of 3% during the forecast period.
As per Future Market Insights, residential small kitchen appliances are expected to dominate the end use with a CAGR of 3.5% from 2023 to 2033.
As per FMI, the small cooking appliances segment is poised to expand at over 3.7% CAGR in the projected period.

Emerging Trends Shaping the Market

Sustainability: Eco-friendly appliances are gaining traction as consumers become more environmentally conscious. Manufacturers are focusing on sustainable materials and energy-efficient designs, catering to a market that values sustainability in their purchasing decisions.
Personalization and Customization: As consumers seek personalized cooking experiences, there is a rising trend in customizable appliances. Products that allow users to tailor settings according to their preferences are becoming increasingly popular, particularly in the coffee maker and blender categories.
Integration with Smart Home Systems: The integration of small kitchen appliances with smart home systems is on the rise. Appliances that can be controlled remotely or programmed to operate on schedules are appealing to consumers who prioritize convenience and efficiency in their daily routines.

Competitive Landscape

The small kitchen appliances market is characterized by a mix of established players and new entrants. Major companies like Philips, Panasonic, Breville, and Cuisinart are continually innovating to maintain their competitive edge. They are investing in research and development to create advanced features and functionalities, while also expanding their product ranges to meet evolving consumer needs.

New entrants, especially startups focusing on niche markets, are challenging traditional players by offering unique products tailored to specific consumer segments. This competitive landscape fosters innovation and encourages companies to differentiate their offerings.

Market Segmentation

By Product:

Small Cooking Appliances
Food Preparation Appliances
Beverage Making Appliances

By Price Range:

Mass
Premium

By End-Use:

Residential
Commercial

By Sales Channel:

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Multi-brand Stores
Independent Stores
Online Stores
Others

By Region:

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

About Future Market Insights (FMI)

Contact FMI:  

Grape Skin Extract Market to Reach USD 391.7 Million by 2033, FMI Report Highlights Strong Growth

The grape skin extract market was projected to reach US$ 164.47 million in 2022. Clean-label nutritional supplements and cosmetics are expected to gain popularity among consumers, boosting sales to US$ 391.37 million by 2033 and registering a CAGR of 8% from 2023 to 2033.

The main drivers of this growth are the increasing demand for cosmetic products made with botanical components like grapes (grape skin extract) and the rise in the number of food and drink manufacturers using grape skin extracts as organic and secure ingredients in the products they produce due to their antioxidant properties.

These extracts are proven well to support the cardiac health of an individual too. It has been reported that a significant percentage of Americans struggle with heart-related issues. A study by the U.S. Department of Health & Human Services suggests that coronary artery disease accounts for around 620,000 deaths among Americans annually. For instance, coronary heart disease (CHD) accounts for 370,000 annual mortalities. Dietary supplement manufacturers anticipate using grape skin extracts more frequently in the development of health supplements over the next years in an effort to lower the prevalence of heart illnesses.

Grape skin extract is employed in a significant share of the worldwide marketplace for skincare products. Proanthocyanidins, which protect against UV damage, stop collagen disintegration, and fight radical damage, are included in this type of substance, which has been used for decades to combat premature aging as well as wrinkles. Grape skin extracts are commonly used as compounds or lotions to treat acne owing to their antibacterial properties.

Key Takeaways from the Market Study

The global market for grape skin is expected to be valued at US$ 177.96 million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 5.1%
In 2022, the United States market for grape skin extract accounted for about 35% of North American market share.
The Asia Pacific market to experience a rapid CAGR of 9.5% from 2023 to 2033.

“The growing understanding of grape skin extract as a useful component that promotes immune system enhancement, weight loss, as well as cellulite reduction is anticipated to have a significant influence on the market expansion.” remarks an FMI analyst.

Competitive Landscape

Prominent players in the grape skin extract market are:

Keller Juices S.R.L
GRAP’SUD
Plamed Green Science Group
Nans Product
NFC Industry Co., Limited
Nutra Food Ingredients
Alvinesa Natural Ingredients
Aspire Lifesciences Private Limited
Natac group
PanteleyToshev Ltd
Vital herbs
Tangshan EusaColors Int’l Group(EUSA COLORS)
Presque Isle Wine Cellars
Parchem Trading Ltd

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

Vital Herbs has developed into a well-known exporter, producer, dealer, distributor, and supplier of fruit and botanical extracts. Organic herbal extracts, clean herbal extracts, as well as essential oils are among the products they sell. The company’s Grape Skin Extract is especially high in polyphenols like resveratrol along with anthocyanidin, that possess hypolipidemic, antioxidant, as well as anti-cancer advantages.
In 2021, Natac constructed a brand-new production plant in Hervas, Extremadura, allowing for the growth of several product lines. The company was able to serve a wider client base and increase production because to this expansion.

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More Valuable Insights Available

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

To understand opportunities in the grape skin extract market, the market is segmented on the basis of grape skin extract by nature (organic and conventional), product (red grapes and white grapes), end-use and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About the Food and Beverage Division at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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Protective Clothing Market Set for Strong Growth: Projected to Reach USD 21 Billion by 2033

The protective clothing market is experiencing robust growth, driven by an increasing focus on safety, hygiene, and innovation. In 2023, the market is estimated to be valued at USD 11.59 billion, and by 2033, it is projected to reach a remarkable USD 21 billion, advancing at a CAGR of 6.1% over the forecast period. The global pandemic has accelerated the demand for protective clothing, with a particular emphasis on medical-grade and antiviral apparel, pushing manufacturers to explore new innovations in fabric technology and design.

Key Factors Driving Market Growth

Impact of the Global Pandemic The COVID-19 pandemic dramatically shifted the demand for protective clothing. As healthcare workers, frontline responders, and essential personnel required increased protection, the demand for high-quality, medical-grade apparel skyrocketed. The pandemic also ignited a surge in the development of antiviral fabrics designed to reduce the risk of spreading infectious agents, highlighting the untapped potential within the protective clothing industry.
Innovations in Fabric and Design Manufacturers are now focusing on the creation of more advanced protective clothing. Innovations include the development of breathable, lightweight materials that provide both comfort and protection, as well as fabrics designed to block harmful pathogens. These advances are being applied across industries, from healthcare to industrial applications, broadening the scope of protective clothing.
Stricter Workplace Safety Regulations The rising stringency of workplace safety regulations, particularly in hazardous industries like construction, oil and gas, and chemical manufacturing, is another critical driver. Employers are increasingly required to provide their workers with personal protective equipment (PPE) that meets rigorous safety standards, boosting demand for high-quality protective clothing.
Growth in Healthcare and Pharmaceuticals The healthcare and pharmaceutical sectors are major consumers of protective clothing. With the growing number of healthcare workers and the expansion of pharmaceutical manufacturing, the demand for protective garments, including gowns, gloves, and masks, has seen substantial growth.

Key Takeaways from the Protective Clothing Market:

India dominates protective clothing in South Asia, CAGR 5.8% through 2033.
China leads set for 5.9% CAGR growth in protective clothing by 2033.
Germany shines as a key protective clothing hub, foreseeing 6% CAGR by 2033.
According to insights from FMI, the coveralls segment is poised to exhibit a remarkable expansion, with a projected CAGR exceeding 6.3% in the next ten years.

Emerging Trends Shaping the Market

Sustainable and Eco-Friendly Materials As environmental concerns grow, manufacturers are increasingly exploring sustainable options for protective clothing. Biodegradable materials and recycled fabrics are gaining traction as eco-conscious consumers and industries look for greener alternatives.
Smart Protective Clothing The integration of technology into protective clothing is an emerging trend. Smart clothing with sensors that monitor environmental conditions, body temperature, and health metrics are becoming more common, particularly in hazardous industries. This trend is expected to play a crucial role in the future development of protective gear.
Customization and Ergonomics There is a growing demand for customizable protective clothing that can cater to specific industry needs. Clothing that is ergonomically designed for better fit and mobility is becoming increasingly popular, particularly in industries where workers need to wear protective gear for extended periods.

Competitive Landscape

The protective clothing market is highly competitive, with several key players focusing on product innovation, safety standards, and technological advancements. Some of the leading companies include:

3M Company: Known for its wide range of PPE products, 3M continues to innovate in protective clothing with advanced materials and designs.
DuPont de Nemours, Inc.: A pioneer in fabric technology, DuPont’s Tyvek and Kevlar materials are staples in the protective clothing industry.
Honeywell International, Inc.: Honeywell offers a comprehensive range of protective clothing, with a focus on integrating technology to improve safety.

Market Segmentation

By Product Type:

Coveralls
Vests
Jackets
Aprons
Others (surgical gowns, laboratory coats etc.)

By Material Type:

Non-Woven
Woven
Knit

By End Use Industry:

Manufacturing
Oil & Gas
Healthcare
Others (transportation, firefighting etc.)

By Region:

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

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DIY Haircut Kits Market to Reach USD 10 Billion by 2033: Key Growth Drivers and Emerging Trends in At-Home Grooming Solutions

The DIY haircut kits market is steadily growing as consumers increasingly embrace at-home grooming solutions. In 2023, the market is estimated to be valued at US$ 7.14 billion, and by 2033, it is expected to reach a value of US$ 10 billion, advancing at a CAGR of 3.4% over the forecast period. Currently, DIY haircut kits represent 25.5% of the global hair styling tools market, reflecting their significant role in the industry. This blog will examine the factors driving this growth and the trends shaping the future of the DIY haircut kits market.

Key Growth Drivers

Rising Popularity of Self-Haircuts One of the primary factors behind the rise in DIY haircut kits is the growing trend of self-haircuts. Whether driven by cost savings, convenience, or the desire for more frequent grooming, consumers are increasingly opting for DIY solutions that allow them to trim and style their hair at home.
Increasing Number of Salons The expansion of salons, while traditionally seen as competition for DIY kits, has also contributed to this market’s growth. Salons are increasingly offering premium services, driving consumers to seek affordable alternatives for basic grooming needs, leading them to purchase DIY haircut kits for home use.
Cost-Effectiveness and Convenience As inflationary pressures affect consumer spending, many individuals are turning to cost-effective grooming options. DIY haircut kits offer a one-time investment that provides long-term savings by reducing the need for frequent salon visits.
Technological Advancements The market is also benefiting from advances in grooming technology. Many DIY haircut kits now come with features such as precision blades, ergonomic designs, and even app integration for step-by-step guidance, making the at-home haircut experience more accessible and professional.

Market Trends Shaping the Future

Customization and Personalization As consumers seek tailored grooming solutions, brands are launching kits that offer customizable settings to suit different hair types and styles. This trend is driving demand for more versatile and adaptable DIY haircut kits that cater to a broader range of users.
Sustainability With growing environmental awareness, there is a rising demand for eco-friendly haircut kits. Manufacturers are focusing on sustainable packaging and energy-efficient devices, appealing to the eco-conscious consumer.
E-Commerce Boom The surge in online shopping has made DIY haircut kits more accessible to consumers worldwide. E-commerce platforms offer a wide variety of options, from basic kits to premium packages, and provide customer reviews, tutorials, and price comparisons, making it easier for consumers to find the best fit for their needs.

Key Takeaways from the DIY Haircut Kits Market:

As per FMI, the United States is spearheading the growth across North America, registering CAGR of 3.3% by 2033.
Sales of DIY haircut kits are expected to surge at 3.1% CAGR across China during the forecast period.
Germany is expected to surge at a CAGR of 3.2% during the forecast period.
As per Future Market Insights, clipper & trimmer kits are expected to dominate the product with a market share of 83% in 2023.

Competitive Landscape

The DIY haircut kits market is highly competitive, with key players focusing on product innovation, affordability, and customer satisfaction. Some of the leading companies include:

Wahl Clipper Corporation: Known for its high-quality grooming tools, Wahl offers a wide range of haircut kits that cater to both beginners and professionals.
Philips: This global brand is recognized for its technologically advanced grooming solutions, offering kits that combine precision, ease of use, and modern design.
Remington: A trusted name in personal care, Remington provides DIY haircut kits that emphasize versatility and value for money.

These brands, along with emerging companies, are continually innovating to meet the changing needs of consumers, driving growth in the DIY haircut kits market.

Market Segmentation

By Product:

Clipper & Trimmer Kits
Scissor Sets

By End-User:

Salons/Professionals
Personal/Homecare

By Price Range:

High/Premium
Mid-range/Economy

By Price Sales Channel:

Modern Trade
Departmental Stores
Specialty Stores
Franchise Outlets
Online Stores
Others

By Region:

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

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