Market Research Blog – Page 1296 – New Product Development

Future Market Insights Reports: Dehydrated Onions Market Poised for Remarkable 19% Annual Growth Through 2033

The Dehydrated Onions Market is on a remarkable growth trajectory, with substantial increases in estimated market value from US$1.1 billion in 2022 to an expected US$1.6 billion in 2023. Looking ahead, the market is projected to reach an impressive US$ 3.6 billion by 2033, reflecting a significant growth rate from 2023 to 2033. This growth is driven by the rising demand for convenient and flavor-enhancing food ingredients, highlighting the market’s promising future.

The growth of fast-food restaurants, hotels, and food processing industries has raised demand for dried onions, which are used as important ingredients in a variety of cuisines. In addition, direct consumption via family recipes will drive market growth at a CAGR of more than 5.1% between 2021 and 2031.

The Dehydrated Onions Market is rapidly developing as a result of its several advantages, such as increased shelf life, simplicity of use, and preservation of flavour and nutritional value. Because of the increased demand for processed and convenience items, which is driving market expansion, dehydrated onions have various applications in a variety of culinary preparations.

FMI predicts that the United States, Germany, the United Kingdom, China, and India will dominate the worldwide infant formula market between 2023 and 2033. Across these countries, corporate and public players are stepping up to encourage the use of infant formula to aid in the growth of babies.

The demand for onions is growing as a result of improvements in the technology used to create dehydrated food. The adoption of hoover and air-dried technologies in manufacture and distribution is encouraging for the sector. Additionally, producers of dehydrated onions have noticed opportunities for growth thanks to regulatory licences.

Key Takeaways from the Dehydrated Onions Market Study

The U.S. dehydrated onions market will grow from US$ 319 Mn in 2021 to US$ 478.2 Mn in 2031. This represents an absolute $ opportunity of US$ 159.2 Mn in the forecast period.
Conventional dehydrated onions account for 87% of the market in 2021, supported by lower costs and easier access to required volumes of raw materials.
White dehydrated onions will grow at a CAGR of 4.9% from 2021 to 2031, driven by higher crop and processing yields.
The U.K. will emerge as a leading market in Europe, accounting for more than US$ 44 million in 2021, aided by strong demand from the food processing sector of the country.
GCC countries will remain major contributors to the MEA market with a share of 39.3% in 2021, supported by relatively high export levels.

Robust Supply Chains to Increase Market Penetration

Global supply chains for dehydrated onions are largely mature, with adequate transportation infrastructure available to facilitate product movement. Dehydrated onions have benefited from existing supply methods since they may reach clients directly without barriers. Most dried onions come in specialized packaging, which makes storing and transportation easier.

For dehydrated products, companies are using the similar supply chain and transportation modes that find use in frozen food. With minor modifications in storage units, transportation can be made easy and hurdle-free, which improves the trade of dehydrated vegetables.

Almost all developed countries (excluding the Middle East) have an established supply chain, due to which, they are able to supply products directly to retail stores and customers on time.

Who is Winning?

Leading manufacturers in the moderately fragmented dehydrated onions market are focusing on capacity expansion, investments into strategic geographic expansion and infrastructure developments for product processing applications.

Some of the leading companies offering dehydrated onions are Olam International, Jain Farm Fresh Foods Ltd, Daksh Foods Pvt. Ltd., Jiyan Food Ingredients, Natural Dehydrated Vegetables Pvt. Ltd., Real Dehydrates Pvt. Ltd., Earth Expo Company, Kisan Foods, Harmony House Foods, Inc. Company, Silva International Inc. Company, Green Rootz, BC Foods Inc., Suszarnia Warzyw Jaworski Sp. J., Pardes Dehydration Company, Murtuza Foods Pvt. Ltd., Darshan Foods Pvt. Ltd., Garon Dehydrates Private Limited, Rocky Mountain Spice Company, R. J. Van Drunen & Sons, Inc., German Foods and other.

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Dehydrated Onions Market by Category

By Nature:

Organic
Conventional

By Variety:

White Onion
Red Onion
Pink Onion
Hybrid

By Form:

Chopped
Minced
Granules
Powder
Flakes
Kibbled
Sliced

By End Use:

Food Proccessing
- Dressing & Sauces
- Ready Meals
- Snacks & Savory
- Infant Food
- Soups
- Others
Food Service Providers
Retail/Household

By Technology:

Air Drying
Vaccum Drying
Freeze Drying
Microwave Drying
Spray Drying
Others

By Distribution Channel:

B2B
B2C
- Hyper/Super Markets
- Convenience Stores
- Specialty Stores
- Traditional Grocery Retailers
- Online Retailers

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

Krill Oil Phospholipid Market Trends: Increasing Sales and Rising Omega-3 Supplement Demand

The global krill oil phospholipid market is poised for substantial growth, driven by increasing consumer awareness of health benefits and advancements in extraction and formulation technologies. As of 2024, the market is valued at US$ 96.2 million and is expected to reach US$ 188.6 million by 2034, growing at a robust CAGR of 7.0% during the forecast period.

Health Benefits and Market Dynamics

Krill oil phospholipids are gaining popularity as a key source of omega-3 fatty acids, crucial for supporting cardiovascular, brain, and joint health. The market is witnessing a surge in demand from the dietary supplements, functional foods, and nutraceutical industries. This growth is underpinned by consumers’ preference for natural, sustainable nutrition alternatives over conventional fish oil supplements.

Technological Advancements and Product Innovations

Innovations in formulation and delivery systems, such as liposomal and nanoemulsion technologies, have enhanced the bioavailability of krill oil phospholipids. These advancements are pivotal in driving consumer adoption by improving supplement absorption rates and efficacy. Moreover, research and development efforts focused on improving extraction processes and ensuring product stability are expanding the market’s potential applications beyond traditional dietary supplements to include cosmetics and animal nutrition sectors.

Market Insights by Region

United States: The US market for krill oil phospholipids is set to grow at a CAGR of 4.2%, reaching US$ 31.7 million by 2034. Factors driving this growth include increasing consumer preference for premium health supplements and a robust regulatory framework ensuring product quality and safety.
Germany: With a projected CAGR of 4.9%, Germany is expected to hold a market share of 18.3% by 2034. The market growth is fueled by a health-conscious population seeking effective dietary supplements to combat cardiovascular diseases and aging-related health concerns.
Japan: Japan’s market is anticipated to grow at a CAGR of 5.9%, reaching US$ 6.2 million by 2034. The demand is driven by an aging population focused on longevity and wellness, thus increasing the uptake of functional ingredients like omega-3 fatty acids from krill oil phospholipids.
Norway: Norway, renowned for its expertise in marine-derived ingredients, is projected to dominate the market with a CAGR of 8.6%, reaching US$ 4.4 million by 2034. The strategic location near Arctic waters facilitates the harvesting of krill, supporting the country’s thriving market for dietary supplements and nutraceuticals.

Investment Opportunities and Future Outlook

The krill oil phospholipid market presents lucrative opportunities for investors looking to capitalize on the growing trend towards natural, sustainable health supplements. Key growth strategies include mergers, partnerships, and acquisitions by leading companies like Aker BioMarine and Neptune Wellness Solutions to strengthen market presence and expand product portfolios.

As consumer preferences shift towards products with claims of sustainability, transparency, and scientific backing, manufacturers are increasingly investing in quality assurance and traceability measures. This trend not only enhances consumer trust but also supports market growth by addressing environmental concerns associated with overfishing.

Conclusion

In conclusion, the global krill oil phospholipid market is on a trajectory of significant growth, driven by increasing consumer awareness, technological advancements, and expanding applications across diverse industries. With robust growth forecasts across key regions and sectors, investing in this burgeoning market segment offers promising returns amidst evolving health and wellness trends.

For investors seeking to capitalize on the burgeoning market for natural health supplements, the krill oil phospholipid sector presents a compelling opportunity with its sustainable sourcing practices, health benefits, and innovative product developments poised to meet growing consumer demand worldwide.

Purchase now and gain full access to the krill oil phospholipid Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

About Future Market Insights (FMI)

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

Contact Us:
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

Non-Dairy Yogurt Market Expected to Soar to USD 13.75 Billion by 2034, Future Market Insights Reports

The non-dairy yogurt market is set to secure a valuation of US$ 8,009.37 million in 2024. The demand for non-dairy yogurt is anticipated to rise at a CAGR of 5.60% through 2034. The non-dairy yogurt industry is expected to reach US$ 13,752.78 million by 2034. The non-dairy yogurt industry is being propelled by the increasing adoption of plant-based diets and the growing awareness of lactose intolerance and dairy allergies among consumers.

As more individuals seek healthier and sustainable alternatives to dairy products, the demand for non-dairy yogurt made from soy, almond, coconut, and oat continues to surge. Moreover, the rising popularity of veganism and flexitarianism has significantly expanded the consumer base for non-dairy yogurt products, driving market growth.

Many consumers perceive non-dairy yogurt to be inferior in taste and consistency compared to traditional dairy-based yogurt. Formulating non-dairy yogurt with desirable attributes such as creaminess and tanginess while maintaining a clean label and addressing allergen concerns presents a significant hurdle for manufacturers. Additionally, the higher production costs associated with sourcing and processing plant-based ingredients may limit the affordability and accessibility of non-dairy yogurt products.

The expansion of distribution channels, including online retail platforms and specialty health food stores, offers a broader reach for non-dairy yogurt brands to target health-conscious consumers seeking alternative dairy options. Collaborations with celebrity chefs, nutritionists, and influencers can also help raise brand awareness and drive consumer engagement in the non-dairy yogurt segment.

An emerging trend in the non-dairy yogurt industry is the introduction of novel flavors and unique product formulations to cater to diverse consumer preferences. Brands are experimenting with exotic fruit blends, savory-sweet combinations, and indulgent dessert-inspired flavors to differentiate their offerings and appeal to adventurous taste buds.

There is a growing demand for non-dairy yogurt products with added functional benefits, such as gut health support, weight management, and immune system enhancement. Packaging innovations, such as single-serve pouches, eco-friendly containers, and convenient on-the-go formats, are also gaining traction among health-conscious consumers seeking convenience and sustainability in their yogurt choices.

“The non-dairy yogurt industry presents ample opportunities for innovation and product diversification. Manufacturers can capitalize on the growing consumer demand for functional and fortified yogurt varieties by incorporating probiotics, vitamins, and minerals into their formulations.” Says an FMI analyst.

Key Takeaways from the Market Study

The United States market is expected to expand at a CAGR of 4.8% through 2034.
The non-dairy yogurt industry in India is projected to rise at a CAGR of 6.8% through 2034.
China’s non-dairy yogurt industry is likely to witness expansion at a CAGR of 6.5% through 2034.
Japan’s non-dairy yogurt market is projected to expand at a CAGR of 5.8% through 2034.
Germany’s non-dairy yogurt market is expected to rise at a 5.0% CAGR through 2034.

Competitive Landscape

The non-dairy yogurt industry is experiencing heightened competition as an increasing number of companies vie for market share. Companies are focusing on product differentiation and innovation to gain a competitive edge. Strategies such as offering a wide range of flavors, textures, and formulations and incorporating unique ingredients and functional benefits are being employed to attract and retain consumers. Furthermore, partnerships with retailers, foodservice outlets, and online platforms are being forged to enhance distribution channels and increase market penetration.

While competition in the non-dairy yogurt industry remains fierce, companies are also grappling with challenges such as pricing pressures, quality control, and regulatory compliance. Maintaining product consistency and ensuring customer satisfaction are paramount to staying competitive in this dynamic market. As consumer demand for healthier and sustainable food options continues to rise, companies must remain agile and responsive to evolving market trends to secure their position in the highly competitive non-dairy yogurt industry.

Recent Developments:

Hain Celestial Group Inc. has launched its Hain Reimagined strategy, which aims to reinvent the firm and drive profitable growth by 2023. The company intends to focus on its core brands, such as Dream, which sells non-dairy yogurt made with almond, oat, coconut, and rice milk.
Danone SA introduced Silk Kids Almondmilk Yogurt Alternative, and So Delicious Dairy Free 0g Added Sugar Yogurt Alternative in 2023.
Nestlé SA is also moving into the non-dairy yogurt market with products like Good Karma Flaxmilk Yogurt, Häagen-Dazs Non-Dairy Frozen Yogurt, and Natural Bliss Plant-Based Half & Half. In 2023, the business also purchased Sweet Earth Foods, a plant-based food manufacturer that produces vegan yogurts.

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Key Coverage in the Non-Dairy Yogurt Industry Report

North America Non-Dairy Yogurt Market Outlook
Dairy-Free Yogurt Market Size
Demand Analysis of Vegan Yogurt
Europe Dairy-Free Yogurt Market Analysis
Dairy Alternatives Industry Trends

Key Segments

By Product:

Soy Yogurt
Almond Yogurt
Coconut Yogurt
Oats Yogurt
Rice Yogurt
Pea Yogurt
Others

By Nature:

Organic
Conventional

By Form:

Drinkable Yogurt
Spoonable Yogurt

By Flavor:

Plain/Unflavored
Flavored

By Sales Channel:

B2B (HoReCa & Other Food Services)
B2C
- Modern Grocery Retailers
- Hypermarket/ Supermarket
- Convenience Store
- Specialty Store
- Online Retailers
- Wholesalers
- Other Retail Forms

By Region:

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

About Future Market Insights (FMI)

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

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Infant Nutritional Premix Market Projected to Reach USD 370 Million by 2032 with a 4% CAGR

The infant nutritional premix market refers to the industry involved in the production and distribution of powdered blends of essential nutrients specifically formulated for infants and young children. These premixes are designed to be added to infant formula, baby food, and other nutritional products to ensure that infants receive the necessary vitamins, minerals, and other essential nutrients for their growth and development.

Future Market Insights (FMI) anticipated that the global infant nutritional premix market would be worth USD 235 million in 2032 and USD 370 million in 2032, growing at a 4% CAGR.

The infant nutritional premix demand is predicted to rise significantly over the forecast period. The rapid migration of working women into metropolitan areas has resulted in an increased need for quick and nutritious baby nourishment. Consumer understanding of infant food’s potential health benefits has prompted them to regard it as a viable alternative to nursing.

To support good postnatal growth and to reduce newborn morbidity and death, infants require an appropriate vitamin and mineral intake. As a result, babies are provided a high-nutrient food premix to suit their nutritional requirements. Infant nutrition is a broad term that refers to a variety of infant nutrition products for babies and infants.

Newborn nutritional premixes made with organic foods, probiotics, vitamins, and amino acids are becoming increasingly commonly utilised around the world as awareness of their benefits grows.

Increased demand for purified protein-based newborn nutritional premixes, increased investment by key players to create high-quality infant nutritional premixes, and increased innovation in infant nutritional premixes are likely to propel the Infant Nutritional Premix Market over the projection period.

Key Takeaways from the Market Study

Because of the existence of key market players and a high consumption rate, the United States will control over 36% of the global market throughout the projection period.
Vitamin-based infant nutrition premix contributed for roughly a third of the entire market share in 2021, and it is predicted to expand at a rate of more than 5% over the following ten years.
The growing desire for homemade, fresh, organic baby food, are driving the market for infant nutritional premixes in China.
Market players are experimenting with new ways to handle, package, and technical development.

“ Leading organizations around the world are focusing on customising vitamin and mineral premixes, which is propelling the market of Infant Nutritional Premix even further”.-says a lead analyst at Future Market Insights.

Competitive Landscape

Infant Nutritional Premix have a strongly competitive global market. Leading companies are experimenting with new marketing approaches, opening new retail locations, technological advancements, and mergers and acquisitions.

Some of the leading companies offering Infant Nutritional Premix are Koninklijke DSM N.V, Hexagon Nutrition Pvt. Ltd., Vaneeghan International B.V, SternVitamin GmbH & Co. AG, BASF SE , Lycored Limited, Watson Inc., Fenchem Biotek Limited, Farbest Brands, Glanbia Plc., Jubilant Life Sciences, Prinova Group LLC, Barentz International B.V, Vitablend Nederland B.V, ADM.

Ready to tap into the potential of the Infant Nutritional Premix Market? Get an edge over your competitors with comprehensive insights. Buy now and gain access to detailed segment information: https://www.futuremarketinsights.com/checkout/6473

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Infant Nutritional Premix presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

By Form :

Powder
Liquid

By Ingredient :

Vitamins
Minerals
Nucleotides
Amino Acids
Others

By Function :

Bone Health
Immunity
Digestion
Vision Health
Brain Health & Memory
Others

By Distribution Channel :

Pharmacy Stores
Specialty Outlets
Supermarkets
Online channel
Others

By Region :

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

About Future Market Insights (FMI)

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Natural and Sustainable Ingredients Drive 6.4% Annual Growth in Nutraceutical Excipient Market Through 2034 | FMI

According to Future Market Insights (FMI), the global nutraceutical excipient market is estimated to reach US$ 2,663.4 million in 2024. The market is expected to register a CAGR of 6.4% from 2024 to 2034, reaching a valuation of US$ 4,958.7 million by 2034.

The growing health and wellness-conscious consumer base has led to a surge in demand for nutraceutical excipients, necessitating the development of products with enhanced functional properties. Furthermore, the increasing prevalence of lifestyle diseases is expected to significantly boost nutraceutical excipient sales during the projected period.

The nutraceutical excipient market is expected to be influenced by the growing acceptance of preventive healthcare, the geriatric population, and the easy accessibility of healthcare products through e-commerce platforms. Advancements in processing technologies such as nanotechnology, rising demand for tailored medication per target customer, and increasing usage of multidimensional and multifunctional excipients are creating growing opportunities for the target market.

The nutraceutical excipient market is expected to experience potential growth due to evolving consumer preferences for preventive healthcare and lifestyle maintenance. However, the high manufacturing costs and stringent regulatory compliances are set to restrict new entrants in this field, affecting the market’s growth prospects.

Key Takeaways from the Report:

The global nutraceutical excipient market is expected to reach a valuation of US$ 4,958.7 million by 2034.
The market is set to surge at a CAGR of 6.4% over the forecast period
The United States is set to surge at a CAGR of 7.2%, showing significant growth over the forecast period.
India is expected to reach US$ 388.4 million by 2034.
China is projected to surge at 7.8% CAGR by 2034.

“Nutraceutical manufacturers and leading companies are seeking customized excipient solutions, including co-processing technologies and multifunctional excipient systems, to meet precise and specific formulation requirements, according to excipient consumers and suppliers.” – says a lead analyst at Future Market Insights (FMI)

Competitive Landscape

Ingredion Incorporated, Cargill Incorporated, Dow Du Pont Inc., Kerry Group PLC, and Roquette Frères SA are the few leading players in the market. Acquisitions and mergers enhance product safety quality and market coverage by combining resources, product knowledge, and processing technology, providing access to new distribution channels.

Correspondingly, introducing new products with enhanced and improved efficiency with wide application is set to help companies stay competitive and meet the changing consumer demands. For instance,

In September 2022, Roquette acquired Crest Cellulose, an India-based excipient manufacturer.
In 2023, Roquette announced the addition of three new excipient grades to its unmatched portfolio of solutions for moisture-sensitive active pharmaceutical products and ingredients.

Get More Valuable Insights

Future Market Insight’s (FMI) has released an objective assessment of the global nutraceutical excipient market, presenting past demand data from 2019 to 2023 and projecting forecast statistics for the 2024 to 2034 period.

The study incorporates compelling insights on the nutraceutical excipient market based on product type (wintergreen, cinnamon, chocolate mint, peppermint, spearmint), end-use (hypermarket/supermarket, convenience stores, pharmacies, specialty stores, grocery stores, wholesale stores, online retail), form (capsule, pills, spray), and region (North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa)

Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/6407

Global Nutraceutical Excipient Market Segmentation by Category

By Product Type:

Wintergreen
Cinnamon
Chocolate Mint
Peppermint
Spearmint

By End-use:

Hypermarket/Supermarket
Convenience Stores
Pharmacies
Specialty Stores
Grocery Stores
Wholesale Stores
Online Retail

By Form:

Capsule
Pills
Spray

By Region:

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

About Future Market Insights (FMI)

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Feed Enzymes Market Outlook: Strategic Insights and Growth Trends, 2023 to 2033

The global feed enzymes market (Marché des enzymes alimentaires) size is estimated to grow to US$ 1.2 billion in 2023 and is projected to reach US$ 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period.

In the Face of Antibiotics Ban, Feed Enzymes Emerge as Lucrative Alternative

Several developed markets have banned the use of antibiotics for livestock. As a result, feed enzymes have emerged as an alternative. Since they pose few side effects when properly used, they aid in digestion and immune boosting. Hence, a significant segment has started preferring immune-boosting feed enzymes over conventional antibiotics.

Possible Side-Effects of Feed Enzymes, Major Hurdle to Market Growth

The vast array of benefits that can be reaped through feed enzymes is limited by physiological factors impeding enzyme action. Moreover, feeding enzymes to livestock over the prescribed limits could have undesirable consequences. The level of the enzyme to be administered to an animal depends on various factors such as age, size, breed, and such. The same can only be determined by an experienced professional such as a veterinarian. Certain enzymes when consumed improperly can cause blood thinness, diarrhea, and vomiting in animals

Key Players Keen to Cater to Niche Markets

Since feed enzymes are increasingly being preferred over antibiotics, key players are aiming to boost production efficiency. Different livestock animals have different feed enzyme requirements depending on their characteristics. Hence, key players need to develop unique product variants to cater to the livestock market. The current forecast period is already witnessing the launch of diverse product lines, by top manufacturers such as DSM and ADM.

In-Depth Market Analysis: A Complete Report

Key Takeaways from the Report:

In terms of revenue, the Feed enzymes market grew at a CAGR of around 4.8% during 2017 and 2022.
During the forecast period, the Chinese market is projected to grow at a CAGR of 4.3% to attain a valuation of US$ 178.4 million by 2033.
The Indian industry is projected to expand at a CAGR of 4.3% between 2023 and 2033 to attain a valuation of US$ 80.4 million.
The U.S. market is anticipated to grow at a CAGR of 4.5% during the forecast period.
The Carbohydrase segment is expected to grow at a CAGR of 3.8% between 2023 to 2033.

Key Market Developments:

Danisco Animal Nutrition recently launched the Extra PHY GOLD, a new variant of phytase enzyme.
The second generation of ProAct 360, which is a protease enzyme, was released by the DSM in collaboration with Novozymes Feed Enzymes Alliance.
ADM is all geared up to launch new R&D labs in the United States. These focus on developing sustainable variants of feed enzymes.
CapriEnzymes is an Indian startup that harnesses biotechnology to produce innovative enzyme variants.
BRI is a startup primarily focusing on the research and development of sustainable feed enzyme additives.

Key Players:

BASF SE
DuPont
Associated British Foods Plc
BEHN MEYER
DSM
Azelis S.A.
Rossari
BIO-CAT
BEC Feed Solutions
Adisseo
Bioproton Pty Ltd.
Novus International
BioResource International, Inc.,
Alltech
Lesaffre
Karyotica Biologicals Pvt Ltd.
Aum Enzymes
Biovet
Chr. Hansen Holding A/S
CapriEnzymes
Advanced Enzyme Technologies

Feed Enzymes Market Segmentation

By Form:

Dry
Liquid

By Product:

Phytase
Carbohydrase
Protease

By Source:

Microorganisms
Plants
Animals

By Animal:

Poultry
Ruminants
Swine
Aquatic Animals
Others (Equine & Pets)

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.

Residential Water Treatment Devices Market Set to Surge: From $14.2 Billion in 2023 to $23.7 Billion by 2033 with a 5.2% CAGR

The residential water treatment devices market, valued at USD 14,220.6 million in 2023, is projected to reach USD 23,721 million by 2033. This represents a Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period.

Health Concerns: Increased consumer awareness about maintaining a healthy lifestyle is boosting the demand for filtered water and higher water quality. Rising worries about waterborne diseases from contaminants are driving more people to adopt residential water treatment systems.
Technological Advancements: Advances in technology are significantly enhancing the effectiveness and efficiency of water treatment solutions. The rise of water treatment apps is simplifying the management of water contaminants.
Rapid Urbanization: Urban growth is fueling the need for residential water treatment devices to provide clean drinking water in urban environments, including communities, buildings, and homes.
Consumer Preferences: There is a growing trend toward environmentally friendly water testing devices that improve water quality without the use of harsh chemicals. These devices often employ purification methods such as ultraviolet sterilization and reverse osmosis.
Water Recycling: Increased focus on water conservation is driving the demand for domestic water purification devices, particularly those designed for recycling water.

The key companies are installing water purification treatment devices at home easily. These advanced technical devices remove contaminants and ultraviolet light and make water safe to consume. Due to the rising concern about water quality, adopting these devices is expanding the market. The government is also focused on providing safe, clean, and pure water by implementing various global regulations.

Growing Internet of Things and Advanced Technologies Fuel the Market Growth

The growing innovation in the market has made using highly advanced devices easier. The growing technologies in residential water treatment devices include robotics, wireless connectivity, and automatic monitoring. These technologies are developing more smart and accurate devices that enhance work quality and fuel market growth.

The internet connectivity, Bluetooth sensor, and real-time monitoring alert consumers to detect issues and other related things. These water purification devices help to resolve water problems and reduce chlorine water, preventing health issues. The rising contaminated water supplies in colonies, apartments, and houses are increasing the adoption of residential water treatment devices.

Key Takeaways:

The residential water treatment devices market is securing a CAGR of 5.2% with a valuation of US$ 23,721.0 million by 2033.
Historically, the market was valued at US$ 11,794.2 million in 2018.
The United States is leading the global market by securing a maximum share of 18% during the forecast period.

Key Player’s Strategies Bring Lucrative Opportunities in the Market

The key players play a vital role in the global market by adopting several marketing strategies to bring lucrative opportunities. These strategies in the residential water treatment devices market include:

Innovation: Key players innovating their products a stay ahead of their competitors in the market. They focus on consumers’ needs and implement their product accordingly with a better version.
Increased Investment: Key marketers invest a lot in research and development to develop advanced products with better technologies. These players are providing high-quality residential water treatment devices to attract consumers.
Expand Reach: The key players are trying to reach their relevant audience to increase sales. They are increasing their brand awareness through social media, content strategies, and other online platforms.
Focus on Cost Optimization: The key players are providing their consumers with better quality products at affordable prices. It can increase profitability with the rising demand for residential water treatment devices.

Recent Developments in the Global Market are:

In 2021, Pentair plc launched its Everpure H-300-NXT product for water purification. It helps to reduce harmful bacteria, including mercury and contaminated water.
In 2021, Culligan International Company announced its new launch application to monitor harmful water through smartphones.
In 2021, 3M announced its new product Aqua-Pure AP-DW80/90 to improve water quality for drinking and reduce contaminants, including cysts.
In 2021, Honeywell International Inc launched a freeze Detector to identify leakages in the water purifying the system.
In 2021, Whirlpool Corporation announced the newly launched EveryDrop for water purification.

Residential Water Treatment Devices Market by Category

By Product:

Distillation Units
Water Filters

Price Range:

Economy
Mid-Range
Premium

Installation Type:

Point of Use
Point of Entry

Sales Channel:

Hypermarkets/Supermarket
Convenience Stores
Specialty Stores

Region:

North America
Europe
Latin America
Asia Pacific
Middle East Africa

About Future Market Insights (FMI)

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

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Spirulina Powder Market to Reach USD 702 Million by 2034, Growing at a 5.9% CAGR | FMI

The global spirulina powder market size is projected to rise from US$ 461 million in 2024 to US$ 702 million by 2034. By 2034, spirulina powder sales are projected to soar at 5.9% CAGR.

Spirulina powder is extracted from spirulina, a blue-green algae that is found to be grown on freshwater bodies, making it one of the most preferred choices for vegetarian fitness enthusiasts all over the world. The superfood status coupled with its rich anti-inflammatory properties has garnered a lot of attention in the world of the vegan fitness industry.

With the influx of nutraceutical manufacturers, the spirulina powder market is likely to expand in recent years. Spirulina powder can solve the problems of malnutrition, food shortages, and other relevant problems leading to food crises in underdeveloped countries. Due to these capabilities, many government bodies are promoting spirulina powder in their programs.

Spirulina powder, which has many medicinal properties as well, is mainly consumed by individuals who are on a weight-loss diet. The protein content along with other minerals and vitamins make spirulina powder a great substitute for chemical steroids and supplements. Spirulina powder can be easily obtained from leading health food stores, e-Commerce businesses, and specialty supplement shops.

Conventional spirulina powder is obtained from the artificial cultivation of spirulina in microclimatic conditions. This type of spirulina powder is relatively cheaper, easily available, and more edible as compared to its organic counterpart. Conventional-type powder dominates the global market with a share of 59.1%.

“There is little to no awareness about the health benefits of spirulina powder. Well-established sports nutrition brands can benefit a lot if they collaborate with world-renowned athletes and fitness figures for the endorsement of spirulina powder”, opines Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Spirulina Powder Market Report

Owing to its emerging vegan trend, the United States showcased a 26.8% share of the spirulina powder market.
China has a 9.7% share of the global spirulina market due to its association with the use of spirulina since ancient times.
Based on application type, dietary supplements and pharmaceuticals dominate the spirulina powder market with a 72.9% global revenue share.
Emerging brands have come up with many innovative food items that have spirulina powder as their main ingredient, like smoothies, ready-to-serve beverages, and everyday snacks.

Recent Developments in the Spirulina Market

To provide its patients with essential nutrients and vitamins, Mumbai’s Group of Tuberculosis Hospitals recently cultivated spirulina on its premises.
The National Aeronautics and Space Administration (NASA) is all set to incorporate spirulina powder into the diets of its astronauts.
GNT Group came up with Exberry Shade Bright Green, a spirulina-infused, green powder that has applications in bakery mixes and seasoning products.

Key Market Players

Clos Sainte Aurore
Spirulina Viva
SPIFORM
Spirulina La Capitelle
Aurospirul
Far East Microalgae Industries Co., Ltd
Fuqing King Dnarmsa Spirulina Co. Ltd.
DIC Corporation
Cyanotech Corporation
C.B.N. Bio-engineering Co., Ltd
Yunnan Green A Biological Project Co., Ltd
Jiangshan Comp Spirulina Co. Ltd
Inner Mongolia Rejuve Biotech Co., Ltd.
Zhejiang Binmei Biotechnology Co., Ltd.
Bluetec Naturals Co., Ltd.
Taiwan Chlorella Manufacturing Company
Roquette Klötze GmbH & Co. KG

Market Segmentation

By Nature:

Organic
Conventional

By Application:

Food & Beverage
Dietary Supplements and Pharmaceuticals
Animal & Aquaculture Feed Cosmetics and Personal Care
Others

By Sales:

Channel
Direct Sales
Retail Sales
Modern Trade
Specialty Stores
Pharma & Drug Stores
Online Retail
Other Retailing Formats

By Region:

North America
Europe
Latin America
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

Food Botanicals Market to Reach USD 272.8 Billion by 2034, Growing at a 2.2% CAGR

The worldwide food botanicals market size is expected to be USD 219.4 billion in 2024. The sector’s progress is expected to happen at a CAGR of 2.2% from 2024 to 2034. By the end of the forecast period, the food botanicals industry value is slated to hit USD 272.8 billion.

Demand for botanicals in food is accelerating due to the rising number of vegetarian and vegan consumers. While adopting plant-based diets, these consumers want to ensure that health is not skimped on. Thus, there is greater demand for botanicals in food.

Food botanicals’ therapeutic properties, as well as consumer demand for functional foods, have propelled the market for food botanicals to new heights. However, a lack of dosing directions, potential toxicity hazards, and the adoption of contemporary treatments may stymie the market’s growth.

Nonetheless, the growing preference for organic goods, as well as technical improvements in the area, present significant growth prospects for the food botanicals market over the forecast period.

Within the global market for food botanicals, the appeal of food products created from plant materials has been at the forefront of growth. Furthermore, the demand for herbs and spices has been increasing at an exponential rate, contributing to the overall expansion of the global food botanicals market.

Botanicals are widely used in food and dietary supplements because they have a variety of qualities that aid in the improvement and maintenance of health. Botanicals are available in a variety of forms, including dried or fresh items, tablets, liquid, capsules, and powder.

Key Takeaways from the Market Study

The food botanicals market is expected to expand at CAGRs of 8% and 9.3% in Latin America and the Middle East & Africa, respectively, through 2032.
Market share of South Asia and Oceania is 18.3% and 9.6%, respectively, in 2022, as the plant-based protein is in great demand amongst vegetarians, and this factor is expected to create lucrative opportunities within the global market for food botanicals.
The numerous varieties of food botanicals available on the market, together with improvements in the global food sector, will drive the worldwide food botanicals market to record high revenues.
Among the source segment of the food botanicals market, the leading category is the plant, which represents 32.4% market share in 2022, and is anticipated to grow up to 35.8%, with a CAGR of 5.7%.

“The availability of well-known botanicals as dietary supplements is driving market expansion globally. Food botanicals are also growing in popularity in Europe and North America as a result of increased research and development.” says a Future Market Insights analyst.

Competitive Landscape

Manufacturers are focusing on the opportunity as the crucial driver driving the worldwide food botanicals market is the rising prevalence of chronic diseases such as diabetes, cardiovascular disease, and arthritis, as well as the long-term use of modern pharmaceuticals, which leads to additional negative effects.

In addition, the growing use of botanicals in the cosmetics industry, particularly in hair and skincare products, is expected to propel the sales of the global food botanicals market benefitting the manufacturers.

Market Taxonomy: Food Botanicals Market

The report offers a detailed analysis of all the market segments in the report, along with a detailed description of all the stages through which food botanicals pass before reaching end-users. These stages include raw material suppliers, manufacturers, and end-users. The report also comprises key metrics such as year-on-year growth, revenue, market size, absolute dollar opportunity, CAGR, basis point share, and other key numbers.

Region :

North America
Latin America
Europe
Japan
APEJ
MEA

Source :

Plants
Algae
Fungi or Lichens

Form :

Dried Plants and Leaves
Oelioresins
Essential Oils
Other Form

Application :

Beverages
Confectionery
Supplements
Flavor Enhancers
Other Applications

End Users :

Commercial
Residential

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.

Fishmeal Market to Reach USD 8.7 Billion by 2034, Growing at a 4.4% CAGR | FMI

The global fishmeal market is estimated to be valued at US$ 8325.6 million in 2024. It will likely exhibit a CAGR of 5.2% during the forecast period, totaling US$ 13,874.3 million by the end of 2034.

Demand is anticipated to remain high for powdered fishmeal during the assessment period, owing to its benefits like better convenience and versatility. The target segment will likely account for a revenue share of 31.5% in 2024.

Multiple factors are expected to drive growth of the fishmeal market during the next ten years. These include:

Rapid population growth, along with rising demand for protein-rich diets
Booming aquaculture industry
Rising demand for high-quality, nutritious animal feeds and aquafeeds
Expanding usage of fishmeal in fertilizers
Increasing demand for premium aquaculture products like salmon and shrimp

Fishmeal has become an ideal source of protein and nutrients in aquaculture, poultry, and livestock diets. It is widely used in animal feeds due to its high nutritional content, thereby fueling its demand globally.

The expansion of aquaculture industry, particularly in Asian nations, is creating significant demand for high-quality protein sources, including fishmeal in aquafeeds. This will continue to provide impetus for the growth of the fishmeal market.

There is a rising demand for fish and seafood globally amid shifting consumer preferences for healthier food products. This, in turn, is expected to fuel sales of fishmeal as it is increasingly used as a primary ingredient in aquafeeds.

Fishmeal is also gaining wider popularity in fertilizer production due to presence of protein and other essential micronutrients. This will further boost the target market during the assessment period.

Escalating focus of farmers to provide high-nutritional feeds to their animals to cope with rising meat and dairy product demand is expected to fuel fishmeal sales. Thus, a steady CAGR has been predicted for the target market during the forecast period.

Key Takeaways from the Fishmeal Market Report:

The global fishmeal industry is projected to total US$ 13,874.3 million by 2034.
Based on form, the powdered fish meal segment is set to account for a prominent value share of 5% in 2024.
Based on application, the animal feed segment is expected to hold a market share of 9% in 2024.
The United States market is anticipated to total US$ 2,024.4 million by 2034.
Fishmeal demand in Japan is forecast to grow at 7% CAGR through 2034.
China is poised to register a CAGR of 6% between 2024 and 2034.

“Rising consumption of meat and other animal products is expected to create significant demand for animal feed additives. This, in turn, will likely foster growth of the fishmeal industry during the assessment period,” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

Leading fishmeal manufacturers listed in the report include Triplenine Group A/S, Oceana Group Limited S.A., Empresas Copec S.A., Pesquera Hayduk S.A., Ff Skagen A/S, Pesquera Diamante S.A., and Austevoll Seafood ASA, among others. Many of these companies are riding high on the increasing demand for alternative protein categories. These companies are expanding product portfolios and employing strategies like partnerships, advertising, mergers, acquisitions, and agreements to stay ahead of the competition.

Recent Development:

In 2022, FMC and Cargill partnered to create and market fresh aquaculture nutrition products.

Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/601

Fish Meal Market Research by Application, Nature, and Other Categories

By Nature:

Organic
Conventional

By Application:

Animal Feed
Aqua Feed
Poultry
Pharmaceuticals
Dietary Supplement
Fertilizers

By Source:

Crustaceans
Crabs
Lobsters
Crayfish
Shrimps
Prawns
Krill
Woodlice
Barnacles
Cyprinids
Tuna
Tilapia
Swordfish
Salmons
Milkfish
Catfish
Trout
Marine Fish
Eels
Molluscs

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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.