Market Research Blog – Page 1270 – New Product Development

Collagen Gummy Market to Reach USD 378 Million by 2033, Growing at a 4.3% CAGR: Increasing Demand for Beauty and Wellness Supplements Fuels Expansion

The global collagen gummy market value is poised for substantial growth, with projections indicating a valuation of US$ 247 million in 2023, set to escalate to US$ 378 million by 2033, showcasing a robust CAGR of 4.3%. Future Market Insights (FMI) presents key insights into the burgeoning collagen gummy industry, revealing trends, growth drivers, and market dynamics shaping its trajectory.

A study by FMI attributes the flourishing global collagen gummy market to rising consumer awareness of the convenience, palatability, and health benefits of collagen gummies. Key players are actively engaging in mergers and collaborations to develop innovative products and maintain their market dominance, ensuring a dynamic and competitive landscape.

Collagen gummies have emerged as a popular nutritional supplement, driven by growing awareness about their health benefits, convenience, and palatability. With surging demand for nutricosmetics and expanding e-commerce, the collagen gummy market is witnessing remarkable growth globally.

People worldwide are becoming aware about the health and cosmetic advantages of collagen supplement intake. As a result, demand for collagen gummies is rising significantly, and the trend is expected to continue through 2033.

Collagen gummies are believed to positively impact skin health, hair growth, joint health, and wound healing. This prompts people to consume these health supplements, bolstering their sales.

Rising health and wellness trends and interest in nutricosmetics will further boost the global collagen gummy industry. Similarly, new product launches and expanding e-commerce are expected to create growth prospects for collagen gummy companies.

Key companies are focusing on using celebrity endorsements to reach a wider audience and boost their sales. This will bode well for the target market.

“The global market for collagen gummies is expected to witness steady growth amid rising awareness about the benefits of collagen. Widespread advertising of processed collagen supplements by the manufacturers can be instrumental in boosting the popularity of collagen gummies in the low-income group countries,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key Takeaways from the Global Collagen Gummy Market Study Report

The global collagen gummy market is set to total US$ 378 million in 2033.
By flavor type, the berry segment is projected to hold a value share of 34% in 2023.
Based on functionality, promoting skin health segment will likely account for about 25% of market share in 2023.
Demand for collagen gummies in India is anticipated to rise at a CAGR of 6.2%.
The United States holds around 30.8% of the global market share.
Sales of collagen gummies in the United Kingdom are predicted to increase at 5.6% CAGR through 2033.
China is poised to exhibit a CAGR of 6.1% from 2023 to 2033.

Who is Winning?

The global collagen gummy market is highly consolidated, with most of suppliers concentrated in North America and Europe. However, the unavailability of sufficient sources of collagen in these regions is gradually shifting the business to Asian and African countries. This, in turn, has encouraged several regional collagen processing industries to enter the collagen gummy sector, which could diversify the market gradually.

Key players are adopting a wide variety of strategies to boost their sales and expand their global footprint. These include new product launches, mergers, celebrity endorsements, acquisitions, partnerships, and collaborations.

Recent Developments in the Collagen Gummy Industry:

In June 2020, Novomins Nutrition Inc. introduced its new product line of collagen gummies for its consumers. The company claims that the gummies contain hyaluronic acid, biotin, and vitamin C and are devoid of gluten and GMOs, artificial coloring, or sweeteners.
In November 2020, a new startup was established as the first cell-based collagen and Gelatin Company named Jellatech. The company was founded by Stephanie Michelsen and Kylie van Deinsen-Hesp, who claim to make gelatin and collagen using cellular agriculture and without animal products.

Key Segments Covered by Collagen Gummy Industry Survey Report

By Flavor Type:

Berry
Citrus
Tropical
Other Flavors

By Source:

Bovine Animals
Porcine Animals
Marine & Poultry Animals
Other Sources

By Functionality:

Promoting Skin Health
Supporting Hair & Nail Health
Joint Health
Wound Healing
Bone Health
Other Functionalities

By Sales Channel:

Hypermarkets or Supermarkets
Convenience Stores
Specialty Retail Stores
Drug Stores and Pharmacy Stores
Online Retail Channels
Other Retail Channels

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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

Multivitamin Gummy Market to Reach USD 7.33 Billion by 2034, Growing at a 5.4% CAGR: Rising Demand for Convenient Nutritional Supplements Drives Growth

The global Multivitamin Gummies Market reached almost US$ 4,134.1 million in 2023. The global multivitamin gummy industry is anticipated to expand at 5.4% CAGR between 2024 and 2034. Following this consistent growth rate, the market value is poised to reach US$ 7,326.6 million by 2034, rising from US$ 4,317.9 million in 2024.

The multivitamin gummies industry is experiencing a surge in demand driven by several key factors. There is a growing trend toward health and wellness, with consumers becoming increasingly conscious of the importance of maintaining a balanced diet. The rise of online retail channels has made these products more accessible to a wider consumer base. The ease of purchase and the perceived health benefits are significant drivers propelling the multivitamin gummies industry forward.

While the industry is thriving, it is not without its challenges. One significant restraint is the potential for excessive sugar content in gummy formulations. Many consumers are becoming more health-conscious, and the presence of high sugar levels in gummies raises concerns about the overall nutritional value of these supplements. Striking the right balance between taste and nutritional content poses a challenge for manufacturers.

The multivitamin gummies industry is presented with promising opportunities. The aging population, with a focus on preventive healthcare, represents a significant market for these supplements. As people age, there is a growing awareness of the need for additional nutritional support, and gummies provide a palatable solution.

The multivitamin gummies industry is witnessing a surge in innovation to cater to evolving consumer preferences. Customization is a key trend, with companies offering personalized gummy formulations based on individual health needs. Functional ingredients like adaptogens, probiotics, and botanical extracts are gaining popularity for their perceived health benefits. Sustainable and eco-friendly packaging is another emerging trend as environmentally conscious consumers seek products aligned with their values.

“Expanding distribution channels, such as pharmacies, supermarkets, and specialty health stores, create new avenues for reaching consumers. The industry can capitalize on these opportunities by diversifying product offerings, incorporating innovative ingredients, and emphasizing the science behind the formulations to build consumer trust,” Says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Global Multivitamin Gummies Market Study Report

The United States is the leading consumer of multivitamin gummies, and the market is poised to grow at 7.8% CAGR through 2034.
Germany is the key region for the production and supply of multivitamin gummies in Europe and is anticipated to register a 6.7% CAGR through 2034.
Demand for multivitamin gummies in the United Kingdom is observed to be rising at a faster rate, and it could follow a 9.2% CAGR during this period.
Based on consumer orientation, almost 76.4% of the total multivitamin gummy supplies are expected to be meant for adult age groups.

Competitive Landscape for Multivitamin Gummies Market Players

The worldwide gummy vitamin sector is continuously diversifying with the emergence of new regional players despite the presence of several global multivitamin gummy brands. In recent years, the competitive landscape for multivitamin gummies has been impacted to a large extent due to the growing consumer demand for openness in product labeling and ingredient origin.

Key Companies Profiled are Pfizer Inc. (Centrum), Pharmavite LLC, Nature’s Bounty Co., Garden of Life, Olly Nutrition Public Benefit Corporation, Vitafusion (Church & Dwight Co., Inc.), Life Science Nutritionals, Halcon Group, Bayer AG, Viva 5 Corporation, Nature’s Way Brands, LLC, Hero Nutritional’s LLC (Yummi Bears), MRO MARYRUTH, LLC, Taura Natural Ingredients Ltd., Viteey, GNC Holdings, LLC, SmartyPants Vitamins, Wellnext Health, Nowamyl

Recent Developments by the Multivitamin Gummies Market Players

In May 2022, Mankind Pharma’s multivitamin and mineral tablet” brand “Health OK” released its Gummies for the Kids product line in the market. In a press release, the firm stated that these multivitamin gummies are designed to satisfy the needs of children seven years of age and older. Additionally, the gummies are available in strawberry and lemon flavors, which are particularly made with children’s taste preferences and unique requirements in mind.

In December 2022, GNC Holdings, LLC launched a formulation especially for the 50+ age group consumers by combining the advantages of its market-leading multivitamin supplements in an enticing gummy shape. These tasty and practical multivitamin gummies, GNC Mega Men® and GNC Women’s 50+, offer all the necessary vitamins and minerals for senior citizens. The company has now widened its offerings to give its customers more options that support their wellness and health objectives while also making them feel better.

Key Segments Covered by Multivitamin Gummies Industry Survey Report

By Consumer Orientation:

Adults
- Male
- Female
Pediatric

By End Use Outcome:

Athletic Performance Enhancement
Recovery from Illness or Surgery
Pregnancy or Lactation Period
Age-related Nutrient Needs
Supporting Specific Health Goals
Micronutrient Deficiencies
Overall Health and Well-being

By Sales or Distribution Channel:

Direct Sales Channel
- Modern Trade Channels
- Convenience Stores
- Departmental Store
- Specialty Stores
- Drug Stores or Pharmacies
- Online Retail Channels
Other Sales Channels

By Region:

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

About Future Market Insights (FMI)

Contact Us:
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

Cognitive Health Supplement Market Poised to Reach USD 16.8 Billion by 2033, Driven by a Strong 13.3% CAGR: Rising Demand for Brain Health and Cognitive Enhancement Fuels Growth

The global cognitive health supplement market size is estimated to reach a valuation of US$ 9.0 billion in 2023. By 2033, global cognitive health supplement demand is expected to surge at a 13.3% CAGR. By 2033, the total market is projected to reach a valuation of US$ 16.8 billion.

The cognitive health supplement market stands at the intersection of cutting-edge research and the growing awareness of mental wellness. Scientific advancements have paved the way for innovative formulations, incorporating natural compounds to bolster brain health.

The market evolution has led to the discovery of diverse cognitive health supplements tailored to address a wide array of consumer needs. Moreover, the emphasis on holistic well-being has fuelled the market’s growth, driving consumers to explore supplements that promote mental sharpness and cognitive agility. Manufacturers are leveraging unique sourcing methods and sustainable practices.

They craft supplements that enhance cognitive functions and align with eco-friendly and ethical principles, resonating with the conscientious consumer. Also, the cognitive health supplement market has expanded beyond traditional capsules and tablets.

Innovative products such as nootropic drinks, gummies, and powders have gained traction, offering consumers convenient and enjoyable ways to boost cognitive functions. Consumer awareness regarding the importance of cognitive health has spurred the demand for supplements catering to specific cognitive aspects.

Supplements targeting stress management, sleep quality, and mood enhancement have gained popularity, reflecting a holistic approach toward mental well-being. In this dynamic landscape, the cognitive health supplement market continues to expand, offering a plethora of options designed to enhance mental acuity, boost memory, and support brain health, catering to a diverse and discerning global clientele.

Key Takeaways from the Cognitive Health Supplement Report-

The cognitive health supplement market is expected to be valued at US$ 9.0 billion by 2023.
Global demand for cognitive health supplements will likely soar at 13.3% CAGR over the forecast period.
Based on form, capsules are expected to hold a market share of 31.0% and reach a valuation of US$ 5.21 billion by the end of 2033.
Based on sales channels, pharmacies and drugstores are expected to hold a market share of 27.6% and reach a valuation of US$ 4.6 billion by 2033.
Germany’s increasing emphasis on well-being is expected to help the market attain a CAGR of 5.3% and reach a valuation of US$ 2.5 billion in 2033.
China is expected to witness a CAGR of around 6.8% to reach a market size of US$ 3.4 billion in 2033.

“The cognitive health supplement market shows robust growth, driven by rising mental health awareness. Innovative formulations, personalized products, and expanding consumer segments signify sustained market expansion.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape

Purelife Bioscience Co., Ltd., Quincy Bioscience, LLC., Accelerated Intelligence Inc., Onnit Labs, LLC., AlternaScript LLC, KeyView Labs, Inc., Liquid Health, Inc., Aurobindo Pharma Limited (Natroll, LLC), Natural Factors Nutritional Products Ltd., and HVMN Inc. are key cognitive health supplement manufacturers listed in the report.

Key companies are expanding their product portfolios, employing strategies such as advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the cognitive health supplement market.

For instance,

In April 2020, New Chapter, Inc. introduced a range of organic multi-herbal supplements designed to enhance consumers’ essential multivitamin intake. The line-up comprises four variants – energy boost, stress relief, sleep well, and holistic supplements. These products incorporate natural herbs such as ashwagandha, black cumin, and ginger to enhance cognitive health.
In April 2020, The Life Extension Foundation unveiled a lithium formula supporting healthy cognitive function, brain health, and potential longevity. The formula is available in the form of 1000mcg vegetarian capsules, providing consumers with a convenient option for maintaining cognitive well-being.

Get More Valuable Insights into the Cognitive Health Supplement Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global cognitive health supplement market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the cognitive health supplement market based on product type (omega-3 fatty acids, ginkgo biloba, vitamins and minerals, herbal supplements, and probiotics & prebiotics), form (chewable, capsule, tablet, powder, and liquid), functionality (memory support, focus and concentration improvement, boosting cognitive performance, stress and anxiety management, and mood enhancement), and sales channel (pharmacies and drugstores, specialty health and wellness stores, hypermarkets/supermarkets and online retailers) across several regions.

Cognitive Health Supplement Market Outlook by Category

By Product Type:

Omega-3 Fatty Acids
Ginkgo Biloba
Vitamins and Minerals
Herbal Supplement
Probiotics and Prebiotics

By Form:

Chewable
Capsule
Tablet
Powder
Liquid

By Sales Channel:

Pharmacies and Drugstores
Specialty Health and Wellness Stores
Hypermarkets/Supermarkets
Online Retailers

By Functionality:

Memory Support
Focus and Concentration Improvement
Boosting Cognitive Performance
Stress and Anxiety Management
Mood Enhancement

By Region:

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

About Future Market Insights (FMI)

Contact US:
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

Feed Supplements Market to Reach USD 5,295 Million by 2033, Growing at a 5.5% CAGR: Advancements in Sustainable Food Production Driving Growth

The global feed supplements market demand is poised for significant growth, projected to expand at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2033. According to the latest research by Future Market Insights, the market, valued at US$ 3.1 billion in 2023, is expected to reach US$ 5.3 billion by the end of the forecast period. This growth underscores the increasing demand for sustainable and nutritionally enhanced animal feed solutions.

Sustainable Farming and Consumer Awareness Drive Market Growth

In an era where consumer awareness is paramount, the demand for feed supplements is surging. Consumers are increasingly concerned about the health implications of the products they consume, pushing livestock owners to seek environmentally friendly and health-conscious feed supplements. These supplements are essential for enhancing animal health, ensuring the quality of meat, milk, and eggs, and promoting sustainability in livestock farming.

The global livestock industry, which accounts for 77% of the world’s farming land, is a critical component of agricultural production. In the United States alone, cattle farming contributes significantly to agricultural revenue, representing 17% of the total US$ 462 billion in agricultural cash receipts. The growing population and increasing demand for animal-based products further emphasize the need for efficient and nutritious feed supplements.

Innovative Solutions and Market Dynamics

Key players in the feed supplements market, such as Archer Daniels Midland (ADM) and GrainCorp Ltd., are at the forefront of innovation. ADM’s Animal NutritionTM division offers a diverse range of products designed to optimize animal health and performance. Similarly, GrainCorp Ltd. provides customized feed solutions, enhancing farm productivity and profitability through advanced feed additives like Palm Kernel Expeller (PKE) and Dried Distillers Grains (DDGS).

Technological advancements in molecular biology and gene sequencing are revolutionizing the development of feed supplements. These innovations are creating new opportunities to enhance animal health, improve gut health, and increase overall productivity. The integration of digital technologies in farm management is also expected to boost market growth by improving efficiency and reducing costs.

Rising Demand for Companion Animal Nutrition

The surge in pet ownership worldwide is another significant driver of the feed supplements market. With Americans spending over US$ 50 billion annually on their pets and India experiencing the fastest-growing dog population globally, the demand for high-quality pet nutrition is skyrocketing. Feed supplements are now among the top items on the list for pet owners, ensuring that companion animals receive the best possible nutrition.

Consumer Education and Market Expansion

Despite the evident benefits, consumer awareness about the advantages of feed supplements remains low. Educating consumers about the health benefits of these supplements and their role in enhancing animal health is crucial for market expansion. This gap in awareness presents a significant opportunity for growth, as the demand for biologically advanced products continues to rise.

Regional Insights and Market Opportunities

The feed supplements market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa, with North America leading in terms of market value. In Asia Pacific, countries like China and India are experiencing robust growth, driven by increasing incomes, an aging population, and greater healthcare access.

The report also highlights the competitive landscape, featuring key players like Archer Daniels Midland, Cargill Incorporated, BASF SE, Land O’Lakes Inc., and GrainCorp Ltd. These companies are leveraging their expertise to enhance product offerings and strengthen market presence.

Global Feed Supplements: Market Segmentation

Basis of Product Type:

Vitamins
Protein
Minerals
Others

Basis of Source:

Urea
Molasses
Corn
Others

Basis of Livestock:

Ruminants
Poultry
Swine
Aquaculture
Others

About Future Market Insights (FMI)

Online Food Delivery Services Industry Anticipated to Achieve 10% CAGR Through 2033: FMI

The online food delivery services market size is anticipated to advance, attaining a value of US$ 41.94 billion in 2023. According to a market analysis of online on-demand food delivery services, usage is expected to develop at a CAGR of 10% until 2033. By 2033, the online food delivery services market is projected to reach a value of US$ 101.32 billion at the current pace of growth.

Customers are moving online rapidly, which has led to exponential expansion in the e-commerce sector. These changes in consumer shopping patterns result from various factors, some of which are industry or nation-specific, while others are the result of global trends.

Mobile Internet and 5G Reshape the Online Food Delivery Landscape

Customers now have access to an array of various applications, including online meal delivery services, owing to improved network connectivity and an upsurge in cell phones. Users of smartphones can easily make orders with their chosen eateries by browsing a list of establishments. Even the most isolated regions now have smartphones. The opinions of online ordering have changed as a result of how simple it is to set up meal delivery apps on smartphones.

Globally, the number of people using mobile internet has significantly increased. Rapid network infrastructure development has increased network connectivity across developing nations, making remote access to mobile applications possible. The introduction of 5G technology enables faster surfing speeds to improve the online ordering experience and create fresh potential for food delivery services online market expansion.

Challenges and Opportunities with Commission Rates for Online Food Delivery Services

Restaurants are significantly constrained by the commission fees imposed by delivery platforms, which can be anywhere between 15 and 30% of the cost of a meal. These commissions’ controversial nature has been highlighted by certain American governments placing caps on them. Platforms have experimented with different restaurant commission rates and terms to allay these worries, but the results are still up in the air.

The spread of “dark kitchens” and delivery-focused business models complicates the problem. Since they have reduced overhead expenses, these models may more easily handle high commissions and frequently have higher visibility on platforms. As a result, they can displace conventional eateries and take a larger portion of the online food delivery services market. The gloomy kitchens present a chance for conventional restaurants to adjust by opening far-off delivery-only locations.

The dynamics of the restaurant sector are being altered by legislative measures, platform agreements, and the emergence of delivery-first business models, all of which significantly impact commission rates on restaurants.

“The future of online food delivery services is wider than cost-effective operations. New operating models are likely to surface. Niche markets, including online grocery and alcohol delivery services, could catch up with the momentum and be instrumental revenue streams for market players,” opines a lead analyst at FMI.

Comprehensive Industry Report: A Full Market Analysis

Key Takeaways

The United States online food delivery market to acquire a market share of 23.5% by 2023.
By 2023, Germany is going to retain an 8.5% online on-demand food delivery services market share.
Japan may keep striving to possess a 4.7% online food delivery services market share by 2023.
By 2023, Australia may own 2.6% of the market share.
By 2023, the United Kingdom may hold 6.2% of the online fast food delivery services market.
China online food delivery services industry to record a CAGR of 12.5% through 2033.
India online food delivery market to register a CAGR of 3.1% through 2033.
The platform-to-consumer sector is anticipated to grasp 60% of the global market by 2023.
Over the projection period, platform to consumer distribution is anticipated to flourish at a CAGR of 9.8%.
In 2023, it is predicted that the category of mobile apps may possess 38% of the global market share.
Over the anticipated period, the mobile application segment is anticipated to develop at a CAGR of 9.7%.

Competitive Analysis

There is fierce competition in the online on-demand food delivery services market. Expansion, mergers & acquisitions, and partnerships to achieve consolidation and enhance their offers are the main tactics used by businesses to strengthen their market dominance.

Recent Advancements

Acquisition

Delivery Hero SE paid USD 150 million for Hugo’s food and grocery delivery verticals in October 2021. The acquisition aims to broaden the company’s presence in the Caribbean and Central American regions.
Just Eat Takeaway.com acquired Grub Hub in June 2021 to enter the online meal delivery services market in the United States. This acquisition aims to help the larger group get access to the world’s most appealing online meal delivery markets, including the United States, the United Kingdom, the Netherlands, and Germany.

Key Online Food Delivery Manufacturers

Deliveroo
DoorDash
Foodpanda
GrubHub
Just Eat Holding Limited
Postmates Inc.
Swiggy
Takeaway.com
Zomato
Uber Technologies Inc.

Key Segments

By Delivery Type:

Restaurant-to-Consumer
Platform-to-Consumer

By Channel Type:

Website/Desktop
Mobile Application

By Payment Method:

Cash On Delivery
Online

By Region:

North America
Latin America
Europe
Asia Pacific Excluding Japan
Japan
The 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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

How Smart Technology and Eco-Conscious Choices Are Transforming the Water Sink Market

How Smart Technology and Eco-Conscious Choices Are Transforming the Water Sink Market

The water sink market is projected to be valued at USD 47.22 billion in 2023 and is expected to grow to USD 62 billion by 2033, with a CAGR of 2.8% during the forecast period. As wellness and hygiene become top priorities for consumers, sink manufacturers are focusing on innovative designs that enhance cleanliness. Features such as touchless faucets, self-cleaning surfaces, and anti-bacterial materials are becoming increasingly popular, raising the standard of hygiene in both kitchens and bathrooms.

The rise of smart homes has reached sinks, with IoT-enabled models offering touchless controls and allowing users to adjust water temperature via voice commands or smartphone apps. This technology enhances convenience, improves water efficiency, and aligns with eco-conscious living. As health and sustainability become priorities, consumers are increasingly opting for sinks made from eco-friendly, non-toxic materials. In response, manufacturers are introducing sinks crafted from recycled or biodegradable materials.

Customization is another growing trend, as homeowners seek sinks that reflect their personal style and functional needs. Manufacturers now offer options in size, shape, color, and finishes, enabling personalized kitchen and bathroom designs. Additionally, multi-generational living is shaping sink design, driving demand for ADA-compliant and ergonomically designed faucets that accommodate all ages, from children to seniors.

Market Value and Growth Projections

The global water sink market is expected to experience steady growth from 2023 to 2033, driven by increasing demand for innovative designs, smart technology integration, and eco-friendly materials. In 2023, the market is estimated to be valued at approximately USD 4.5 billion. By 2033, it is projected to reach USD 7.2 billion, reflecting a compound annual growth rate (CAGR) of 4.8% over the forecast period.

Factors such as the rise of smart home technologies, growing awareness of sustainable materials, and consumer preference for customized solutions are key drivers of this market expansion.

Prominent Drivers of Water Sink Market

Smart Home Integration: The rise of smart home technology is driving demand for advanced water sinks equipped with IoT features. Touchless controls, voice command capabilities, and smartphone app integration are enhancing convenience and efficiency, boosting consumer interest in smart sinks.
Eco-Conscious Consumer Preferences: Growing awareness of environmental issues is leading consumers to seek eco-friendly sinks made from sustainable materials. Manufacturers are responding with products crafted from recycled or biodegradable materials, aligning with the demand for greener home solutions.
Customization and Personalization: Homeowners are increasingly interested in personalized sink options that match their unique style and functional needs. The availability of customizable sizes, shapes, colors, and finishes allows consumers to create tailored kitchen and bathroom designs.
Health and Safety Concerns: There is a rising focus on health and hygiene, driving the popularity of touchless and easy-to-clean sink designs. Features that reduce contact with surfaces and improve sanitation are becoming more sought after.
Aging Population and Multi-Generational Living: The need for sink designs that accommodate various age groups is growing. ADA-compliant sinks and ergonomically designed faucets are in demand to ensure accessibility and convenience for all users, including elderly and disabled individuals.
Technological Innovations: Advances in materials and manufacturing technologies are enhancing the functionality and durability of sinks. Innovations such as water-saving features and improved coatings contribute to the appeal of modern sinks.

Country-wise Insights

Country	CAGR (%)
United States	5.10%
Germany	4.80%
United Kingdom	4.50%
France	4.30%
Japan	3.70%
South Korea	4.00%
Brazil	5.50%

Challenges Faced by Water Sink Market

Material Durability and Maintenance: Ensuring that sinks made from various materials—such as porcelain, stainless steel, or composite—maintain their durability and are easy to clean and maintain remains a challenge. Consumers expect sinks to be both long-lasting and low-maintenance.
Regulatory Compliance: Adhering to stringent regulations and standards related to water conservation, safety, and material safety can be complex and costly for manufacturers. Compliance with varying regional standards adds to the complexity.
Technological Integration: Incorporating advanced technologies like IoT and smart features into sinks involves significant research and development costs. Ensuring compatibility with existing home systems and addressing potential cybersecurity concerns are additional challenges.
Environmental Impact: The production of sinks and associated components often involves the use of non-renewable resources and can have environmental impacts. Meeting consumer demand for eco-friendly products while balancing production costs poses a significant challenge.
Market Saturation: The water sink market is highly competitive, with numerous brands offering a wide range of products. Differentiating products in a saturated market and achieving brand loyalty can be difficult for manufacturers.

Major players present in the water sink market are

Blanco America, Inc.
Crown Products (Kent) Limited
Elkay Manufacturing Company
Franke Kitchen Systems, LLC
Huida Sanitary Ware Co., Ltd.
JULIEN INC.
Kohler Co. (Sterling)
Kraus USA INC.
LIXIL Corporation (American Standard Brand)
Moen Incorporated
Mountain Plumbing Products
Roca Sanitario, S.A.
ROHL LLC.
Schock GmbH
Stern-Williams Co. Inc.

Global Water Sink Market By Category

By Product Type :

Drop-in Water Sink
Pedestial Water Sink
Top Mount Water Sink
Undermount Water Sink
Wallmount Water Sink
Others

By Base Material :

Fireclay
Stainless Steel
Cast Iron
Copper
Quartz
Others

By End Use :

Household
Commercial
- Foodservice
- Healthcare
- Hospitality
- Corporate & Government Offices
- Educational Institutes
- Public Toilets
- Shopping Malls
- Clubs &Resorts
- Others

By Sales Channel :

Wholesalers/ Distributors
Specialty Stores
Multi-brand Stores
Direct Sales
Online Retailers
Other Sales Channel

By Region :

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & 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
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Global Food Dehydrators Market Poised to Reach USD 3.76 Billion by 2031, According to Future Market Insights

The food dehydrator market (Marché des déshydrateurs alimentaires) was experiencing significant growth due to increasing consumer interest in healthier food preservation methods and the rising popularity of homemade snacks. A food dehydrator is an appliance designed to remove moisture from food items, such as fruits, vegetables, herbs, and meats, through a drying process, which helps extend their shelf life while retaining most of their nutrients and flavors.

According to a newly released report on the global food dehydrators market by FMI estimates that in 2031, the global market for food dehydrators is expected to reach USD 3,761 Million. In 2021, the market was estimated at USD 2,028 Million. If these projections are correct, the market would grow at a CAGR of 6.4% from 2021 to 2031.

Asia Pacific and North America are expected to emerge as lucrative markets for food dehydrators besides Europe. In terms of end use, the food dehydrators market can be classified into industrial, commercial, residential, and others. Of these, industrial will lead the global market on account of the rising demand from the food and beverages sector.

According to the report, the rising demand for food with longer shelf-life will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the food dehydrator market. Some of these are:

The estimated value of the market was at US$ 1600 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, Europe emerged as a key market for food dehydrator.
Asia Pacific and North America will remain steady as key markets for food dehydrators.
Industrial segment expected to show growth at the highest rate of growth among end users over the forecast period.
Key players are likely to focus on expanding their product portfolio to stay relevant in the market.

Demand for Food with Improved Shelf-life Will Boost Growth

The rising demand for food with longer shelf-life is one of the chief growth drivers of the market. Dehydrating food is one of the best technologies to enhance food shelf-life and preserve it for a longer period. The method has gained popularity because it helps in reducing food wastage. As a result of this, food dehydration also is a preferred technology for preserving unconsumed food among government and non-government organizations.

Who is Winning?

Some of the leading players operating in the food dehydrators market are Excalibur Dehydrator, Koolatron Corporation, NESCO, National Presto Industries, Inc., Hamilton Beach Brands, Inc., Lem Products Holding LLC, Tribest Corporation, The Sausage Maker, Inc., NutriChef Kitchen, LLC, Buffalo Appliances, STX International, Avantco Equipment, Vitality4Life Pty Limited, Aroma Housewares Company, and Gourmia.

As a result of increasing competition, food dehydrator manufacturers are focusing on expanding their product portfolio and improving existing technologies. Furthermore, they are using innovation to use different sources of energy to make food dehydration process more eco-friendly and reduce cost of production.

Market Segmentation

The global Food Dehydrators market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Technology

Vertical Airflow
Horizontal Airflow

End Use

Industrial
Commercial
Residential
Other End-Uses

Energy Source

Electricity
Biofuel
Solar
Others

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Complete Market Review: A Full Report Analysis

FREQUENTLY ASKED QUESTIONS ABOUT THE FOOD DEHYDRATOR MARKET

What drives the food dehydrator market?

The rising demand for advanced technologies for preserving food for a longer time is the chief driver of the food dehydrators market. In addition to this, the market has government support, which will propel growth in the coming years.

Which factors put the food dehydrators market at risk?

Lack of awareness and resources in under-developed economies often restricts the application of food dehydrators.

Which region will lead the global food dehydrators market?

Europe is expected to remain the dominant market for food dehydrators through the forecast period.

Which application segment offers the most lucrative growth opportunities?

The industrial segment shows the highest demand for food dehydrators. As a result of this, the expansion of the agricultural and food processing industries will give impetus to the food dehydrators market.

Which segment based on the technology will record the highest growth?

In terms of technology, the horizontal airflow segment held the dominant share of the market in 2019.

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:

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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Canned Seafood Market Dynamics: Opportunities, Competitive Landscape, and Demand Outlook to 2033

The global canned seafood market (Marché de fruits de mer en conserve) is projected to have a moderate-paced CAGR of 3.7% during the forecast period. The current valuation of the canned seafood market is USD 33.6 billion in 2023. The value of the canned seafood market is anticipated to reach a high of USD 48.2 billion, by the year 2033.

The outcome of expanding consumer spending power is an increase in demand for notable and unusual culinary items. The market has more prospects as a result of the use of various types of seafood in restaurants and hotels in the United States. The canned seafood market is projected to expand due to the rising acceptance of plant-based seafood.

For instance, a Bloomberg Intelligence analysis projects stated that the market for canned fish made from plants would increase from US$ 30 billion in 2020 to US$ 162 billion in 2030.

Scientists and marketers are developing nutritious, plant-based fish that tastes authentic due to the rise in demand for seafood alternatives. For example, the canned fish manufacturer Karavela created a range of yellow pea-based canned seafood items in December 2021.

Both small businesses and established businesses are exhibiting interest in fish made from plants. An alternative to tuna derived from soy, yeast, and sunflower extract was introduced by Atlantic Natural Foods. Additionally, Good Catch secured US$ 32 million in funding in January 2020 for their plant-based seafood, while another company, Impossible Foods, said in 2019 that it is working on plant-based fish.

As consumer awareness for ecologically and socially responsible seafood procurement grows, customers have begun choosing fish items that are acquired sustainably. As a result, more producers of canned salmon are attempting to get their raw materials from fisheries that have received certification from the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council in an effort to support the sustainable movement (ASC). Additionally, it ultimately led to a rise in canned fish sales.

Numerous manufacturers and distributors are concentrating on sales through online channels and e-commerce platforms as a result of customers’ increased interest in and preference for online shopping, which is being fueled by convenience. Therefore, brands like F.C.F. Fishery’s Bumble Bee and Dongwon Group’s StarKist are working more and more closely with online retailing businesses like Amazon, Alibaba, ASDA, and Waitrose & Partners to offer items on their e-commerce platforms. Additionally, business-to-business (B2B) and business-to-consumer (B2C) activities are supported through the internet and e-commerce platforms. In addition, new companies are enhancing logistics and the supply chain to assist in the hassle-free delivery of canned seafood to customers.

However, during the projection period, illegal fishing and overfishing may provide a significant threat to the canned seafood industry. Despite being the market’s main driver, commercial fishing has had a negative impact on fish stocks. Thus, it has caused overfishing and the depletion of fisheries.

Key Takeaways:

Over the forecast period, the United Kingdom is anticipated to occupy a significant portion of the global canned seafood market. By purchasing fish solely during its season, British businesses are setting the standard for canning mackerel, tuna, sardines, anchovies, and salmon. Additionally, they obtain it mostly from the world’s most eco-friendly fisheries.
The canned seafood market in the United States is expected to grow significantly, over the projection period. All of the seafood that the key players buy comes from small-scale fishing villages in the United States, as well as Canada. They solely deal with fisheries that are managed responsibly to benefit both the environment and workers.
The caviar product category is anticipated to generate the most revenue throughout the course of the projection period because pharmaceutical businesses use it and the different extracts from its products to create tablets, capsules, and liquid medicines that assist patients overcome inadequacies.
As they offer discounts and deals to improve their sales results, the hypermarkets/supermarkets sales channel type, and is the most creative segment for key companies, accounting for a sizable portion.

Full Market Assessment: Comprehensive Report

Competitive Landscape:

The global canned seafood market is divided as a result of the presence of both international and local competitors. Significant market share is held by several corporations in their specialized industries. Leading firms frequently value organic developments, such as product approvals and the rise in demand for foods derived from animals, fats and oils, refined grains, and fruits and vegetables. The canned seafood market throughout the world is predicted to grow significantly as a result of these causes.

Key Players:

Nueva Pescanova
Marine Harvest ASA
Thai Union Frozen Products
Royal Greenlands
StarKist Co.
Nippon Suisan Kaisha Ltd.
Maruha Nichiro Corporation
Icicle Seafoods Inc.
LDH (La Doria) Ltd.
Wild Planet Foods
American Tuna Inc.
Universal Canning Inc.
Tri Marine Group
Trident Seafoods Corporation
Connors Bros. Ltd.

Recent Developments:

In May 2019, Rio de Oro, a Moroccan manufacturer of frozen fish, introduced a line of canned fish with a focus on the European market.
In August 2020, Golden Gate Capital and Thai Union Group PCL had agreed to sell each other the remaining stock interest in Red Lobster Seafood Co. Orlando is likely to continue to house Red Lobster’s headquarters.

Key Segments

By Product Type:

Caviar
Mackerel
Salmon
Sardines
Tuna
Others

By Sales Channel:

Hypermarkets/Supermarkets
Convenience Stores
Independent Grocery Stores
Specialty Stores
Online Retail

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

About Future Market Insights (FMI)

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Superfoods Market Expected to Hit USD 330.67 Billion by 2034, Growing at a 6.1% CAGR

The superfood market (Marché des superaliments) value is expected to rise from USD 183.58 billion in 2024 to USD 330.67 million by 2034. This market is analyzed to expand at a CAGR of 6.10% over the next decade.

Consumers are seeking these power foods to elevate their health, as the notion of superfoods is appealing to the general public. A remarkable surge in health and wellness trends across the countries is influencing the way manufacturers are responding with their latest food and drink products.

The growing popularity of superfoods is thus inducing manufacturers to heavily use these foods in recent drink innovations, to captivate health-conscious consumers. The quest for a healthier lifestyle, particularly among younger consumers, is driving people to seek more natural alternatives for their daily sustenance.

Key Takeaways from the Superfood Market Report

The superfood industry gained US$ 146.16 billion in 2019. From 2019 to 2023, the market expanded at a CAGR of 5.64%.
By product type, the vegetable segment is expected to acquire 32.1% in 2024.
By distribution channel, the hypermarket/supermarket segment is anticipated to obtain 15.6% in 2024.
The Asia Pacific is expected to observe heightened demand for superfoods, due to increasing marketing efforts conducted by key players. In this region, India is projected to register a relatively higher CAGR of 6.6% than the other market players.

“Key players are investing in research and development of new formulations with superfoods as a key ingredient in them. Further, to increase their sales, players are selling their products on online platforms,” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Profiling of Top 3 Companies Providing Superfoods Globally

Superlife Co. Pte LTD.

Superlife Co. Pte LTD. is a key provider of natural beauty products and services that focuses on developing tasty, convenient, and affordable Asian quinoa packs. A recent addition by the company is probiotics kombucha which maintains a flat tummy diet. The product has no preservatives, or artificial sugar, and is all-natural.

NUA Naturals

NUA Naturals offers organic superfoods that contain vitamins, and proteins and are 100% vegan. These organic superfoods make a big difference to the consumers’ health. Apart from this, the company is mindful of sustaining the well-being of the environment.

Organic Meets Good

Organic Meets Good is situated in the United States, and specializes in organic superfood products from across the globe. The company develops distinctly formulated blends, thus creating some of the tastiest and healthiest organic products.

Recent Developments in the Market

In February 2021, Kohsei Foods Co., Ltd. commenced the sales of rice bran products, traditionally applied for fermenting in Japan, in the United States. “Nuka” rice bran is developed by the company and has been fermented using lactic acid in a hygienic and convenient tube form. Given its distinct tube packaging, “Nuka” is a convenient way of obtaining nutrients in the diet.
In August 2023, Daily Need Exim Pvt Ltd. announced that it would be importing Natto, a traditional Japanese health food in India, and selling it via the online shop, i.e., “MAIN DISH.in”. Natto offers a new option to the Indian food culture and it is considered an ideal choice for people following a balanced diet.

Extensive Market Research: Complete Report and Findings

Enlisted Below are Some Top Market Players

Nutiva
Rhythm Superfoods LLC
Sunfood Superfoods
Superlife Co. Pte LTD.
NUA Naturals
Organic Meets Good
Impact foods International
Navitas LLC
Nutrisure Limited
Del Monte Pacific Group
Archer Daniels Midland
Creative Nature
Healthy Truth
Nature’s Superfoods LLP
Ocean Spray
The Green Labs LLP
Suncore Foods
Apax Partners
Supernutrients
Bulk Superfoods
Others

Market Segmentation of Superfoods

By Product Type:

Vegetables
Fruits
Grain and Seeds
Herbs and Roots
Other Types

By Distribution Channel:

Hypermarkets/Supermarkets
Online Channels
Traditional Grocery Stores
Convenience Stores
Specialty Stores
Other Distribution Channel

By Application:

Beverages
Convenience or ready-to-eat and ready-to-drink foods
As it is superfoods
Bakery and confectionary
Supplements
Other Food Types

By Different Regional Markets are as Follows:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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
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Potato Protein Industry to Achieve USD 300 Million by 2033, with 7.6% CAGR

The potato protein market was experiencing significant growth and gaining traction in the food industry. Potato protein is a high-quality plant-based protein derived from potatoes through various extraction processes. It is a suitable alternative to traditional animal-based proteins and is sought after by consumers looking for plant-based and allergen-free options.

The demand for plant-based protein sources has been rising due to increasing health consciousness, environmental concerns, and dietary restrictions. As a result, the potato protein market has witnessed steady growth as an attractive alternative to soy, wheat, and other plant-based proteins.

The global potato protein market is predicted to register a CAGR of 7.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from USD 144 million in 2023 to USD 300 million by 2033 end.

The surging demand for clean-label products as a result of increasing concerns around the robust climate change is propelling the demand for vegetable-based proteins. Due to this, the incorporation of potato protein into several vegetarian products is rising. Moreover, the expanding vegan population, particularly in countries like Canada and the United Kingdom, among others, is fueling the demand for food products consisting of plant-based protein. This new trend is projected to witness an overwhelming response due to the rising demand for potato protein in the thriving vegan industry.

The market is projected to augment owing to the initiation of several research activities. These activities are aimed at promoting the operational efficiency and cost-effectiveness of the potato protein extraction process. The potential utilization of potato protein to safeguard against cancerous cells is predicted to enhance the demand for potato protein. The deployment of novel technologies to curtail potato waste while producing potato protein is anticipated to provide impetus to the market over the upcoming years.

Key Takeaways from the Potato Protein Market:

The United States is estimated to dominate the potato protein market over the forecast period. By 2033, the market is projected to attain US$ 106.3 million. The growth rate assumed by the United States market is likely to record 4% CAGR.
China is expected to hold a significant position in Asia Pacific potato protein market. The regional market is estimated to attain US$ 21.5 million by 2033, registering a CAGR of 7% from 2023 to 2033.
Japan, another key market in the region, is assessed to reach market valuation of US$ 17.6 million by 2033. The Japan potato protein industry is projected to expand at a CAGR of 6.1% over the forecast period.

News Featuring Market Developments by Key Players of Potato Protein Solutions:

In April 2022, Branston Ltd. unveiled that it is partnering with Root Extracts to create a potato protein product to be used in vegan and vegetarian foods. The development of the product is likely to take place in Branston’s extraction unit in Lincolnshire, which was under construction at the time of announcement.
In February 2022, KMC declared that they have created a texturized potato protein to be utilized as an ingredient in meat alternatives. According to the company, the product is a first of its kind across the globe. The product is also a part of innovation program, which was initiated with the aim to create plant-based ingredient alternatives. The company is planning to manufacture the product on a large scale, with production run for the capacity of 300 tons for the year 2022.
In April 2021, Branston Ltd. began the construction of new potato protein extraction plant at Branston’s site in Lincolnshire, the United Kingdom. The complete set up of the new plant is projected to amount US$ 7.94 million. The facility would help convert low-quality potatoes into clean-label functional protein and develop starch-based products. For this set up, the company has partnered with B-Hive Innovations, which has developed the process.

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Market Segments Covered in Potato Protein Market Analysis

By Product Type:

10-40% Protein
40-50% Protein
60-65% Protein
70-80% Protein

By Nature:

Organic
Conventional

By Form:

Isolates
Concentrate
Textured Protein
Hydrolyzed Protein

By End-use Application:

Bakery & Confectionery
- Breads
- Cookies & Crackers
- Pastries
- Other Bakery & Confectionery
Protein and Nutritional Bars
Breakfast Cereals
Functional Beverages
Dairy Alternatives
Dietary Supplements
Sports Nutrition
Infant Nutrition
Meat Additives

By Region:

North America
Latin America
Europe
Asia Pacific excluding Japan
Japan
Oceania
The 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: