Market Research Blog – Page 1309 – New Product Development

Polymer-Based Prefilled Syringe Market Poised for Strong Growth: Valuation to Hit USD 3.7 Billion by 2034 Amid Rising Demand for Biologics

The global polymer-based prefilled syringe market is on track for impressive growth, with sales forecasted to reach USD 3.7 billion by 2034. The market, valued at USD 2.3 billion in 2024, is expected to expand at a compound annual growth rate (CAGR) of 5.2% over the next decade. This surge is primarily fueled by the rising demand for biologics, a key factor driving the adoption of polymer-based syringes in the healthcare sector.

In 2023, the industry generated USD 2.1 billion in revenue and is projected to witness a significant year-on-year growth of 9.5% in 2024. The continued emphasis on biologic drugs, which require precise and safe delivery, is anticipated to further bolster the market.

Polymer-Based Prefilled Syringes: The Preferred Choice for Biologics Delivery

The growing prominence of biologics—a class of complex, large-molecule drugs—has transformed drug administration practices, emphasizing the need for safe and reliable delivery systems. Biologics are highly sensitive to environmental factors such as temperature, pH, and mechanical stress, which demand careful handling to maintain their stability and therapeutic efficacy.

Polymer-based prefilled syringes, made from materials like cyclic olefin copolymer (COC) and cyclic olefin polymer (COP), offer unique advantages over traditional glass syringes. Their inert nature ensures minimal interaction with biologic drugs, safeguarding the drug’s integrity throughout its shelf life. The low protein adsorption and absence of extractable substances in polymer syringes help prevent drug contamination, a critical requirement in biologic drug delivery.

Moreover, polymer syringes boast enhanced durability compared to glass, significantly reducing the risk of breakage during transportation and handling. This attribute is especially valuable in managing sensitive biologic drugs, contributing to reduced wastage and heightened patient safety.

Safety is a top priority in healthcare, and polymer-based prefilled syringes come with various safety features, such as needlestick prevention mechanisms and tamper-evident caps. The safety features reduce the risk of needlestick injuries and enhance patient compliance with self-administered medications, contributing to improved healthcare outcomes.

In the healthcare sector, patient safety and convenience take precedence. Polymer-based prefilled syringes equipped with safety features like needlestick prevention mechanisms and tamper-evident caps are gaining popularity among both healthcare providers and patients. These features not only mitigate the risk of needlestick injuries but also boost patient compliance with self-administered medications.

The trend towards home-based healthcare in North America, driven by the aging population’s increasing healthcare needs and the demand for more convenient solutions, aligns perfectly with the advantages of prefilled syringes. They empower patients to self-administer medications in the comfort of their homes, reducing the burden of frequent hospital visits and ultimately enhancing patient outcomes.

Growth Opportunities in the Polymer-based Prefilled Syringe Industry:

Increasing Demand for Biologics: The growing prevalence of chronic diseases and the rise in demand for biologic drugs are driving the adoption of polymer-based prefilled syringes, as they offer a reliable and convenient delivery system for biologics.
Advancements in Drug Delivery Technology: Ongoing advancements in polymer technology and drug delivery systems present opportunities for innovation in prefilled syringes, enhancing their performance, safety, and compatibility with a broader range of pharmaceutical formulations.
Rising Aging Population: The global aging population is contributing to a higher demand for self-administered drugs. Polymer-based prefilled syringes provide a user-friendly and safe option for elderly patients, leading to increased market growth.
Focus on Patient Convenience and Compliance: Pharma companies are increasingly recognizing the importance of patient-centric drug delivery. Polymer-based prefilled syringes offer ease of use, reducing the risk of dosage errors and improving patient compliance, thereby driving market growth.
Expansion in Emerging Markets: The expansion of pharmaceutical markets in emerging economies, coupled with the need for cost-effective and convenient drug delivery systems, creates significant growth opportunities for polymer-based prefilled syringes in these regions.

Industry Trends:

Rise of Biocompatible Polymers: The industry is witnessing a shift towards the use of biocompatible polymers, such as cyclic olefin polymers (COP) and cyclic olefin copolymers (COC), in prefilled syringe manufacturing. These materials offer improved compatibility with a wide range of drugs and reduce the risk of leachables and extractable.
Integration of Smart Technologies: Smart prefilled syringes with features like electronic injection control, connectivity, and dose tracking are emerging trends. These technologies enhance safety, provide real-time data, and improve overall patient management.
Sustainability and Environmental Concerns: The industry is increasingly focusing on sustainable practices and materials. This includes the development of eco-friendly polymer-based prefilled syringes and the implementation of recycling programs to reduce the environmental impact of disposable medical devices.
Customization and Personalization: There is a growing trend toward the customization of prefilled syringes to meet specific drug and patient requirements. This includes variable dose options, needle safety features, and the ability to accommodate high-viscosity drugs.
Regulatory Emphasis on Quality and Safety: Stringent regulatory standards and guidelines for drug delivery systems, including prefilled syringes, continue to shape industry trends. Manufacturers are investing in quality assurance and compliance to meet the evolving regulatory landscape and ensure patient safety.

Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Key Companies Profiled

Ajinomoto Bio-Pharma, Inc.
Aptar Pharma (India) Pvt. Ltd.
Baxter International Inc.
Biocorp
Enable Injections, Inc.
Nipro Corp.
SHL Medical
Shandong Weigao Group
Stevanato Group
Unilife Corporation

Access Full Report: https://www.futuremarketinsights.com/reports/polymer-based-prefilled-syringe-market

Key Segments:

Application:

Anaphylaxis
Rheumatoid Arthritis
Diabetes
Others
- Vaccines and Other Biotech Drugs

End-Use

Hospitals
Mail Order Pharmacies
Ambulatory Surgery Centers

Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:

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

Global Fresh Produce Trays Market to Reach USD 232.6 Billion by 2033, Fueled by Focus on Food Waste Reduction and Sustainable Packaging Solutions

The global fresh produce trays market is expected to be valued at USD 142.8 billion in 2023, with a projected compound annual growth rate (CAGR) of 5.0% over the next decade, reaching approximately USD 232.6 billion by 2033. A significant driver of this growth is the increasing focus on reducing food waste and the adoption of sustainable packaging solutions.

Sustainable Packaging Takes Center Stage

As concerns about plastic pollution and climate change intensify, consumers and businesses are turning to eco-friendly packaging solutions. In the fresh produce trays market, recyclable materials like cardboard, paperboard, and molded pulp are gaining popularity. These materials are easily recyclable and reduce the environmental impact of packaging waste by limiting the amount of waste that ends up in landfills or the environment.

The use of recyclable trays helps retailers and consumers reduce the carbon footprint associated with packaging waste, offering a practical and sustainable solution that aligns with global environmental goals.

Biodegradable and Compostable Trays Address Plastic Waste

In addition to recyclable options, there is a growing demand for biodegradable and compostable fresh produce trays. These trays naturally decompose over time, leaving no harmful residues, and contribute to reducing the accumulation of plastic waste in landfills and oceans. Derived from renewable resources such as plant-based fibers or agricultural by-products, biodegradable trays offer an eco-friendly alternative to traditional plastic packaging while supporting sustainable farming practices.

The rise of online grocery shopping has also contributed to the growth of the fresh produce trays market. With more consumers turning to e-commerce platforms for their daily food needs, there is a growing demand for packaging solutions that can effectively protect and deliver fresh produce to the customer’s doorstep. Fresh produce trays play a vital role in this process by providing a protective and secure packaging solution, ensuring the safe transportation of perishable items like fruits and vegetables.

Sustainable Packaging Solutions Take Center Stage

Consumer and business concerns about environmental impact are driving a shift towards sustainable practices in the packaging industry. This is reflected in the fresh produce trays market with the rise of:

Recyclable Trays: Trays made from cardboard, paperboard, or molded pulp offer a lower environmental impact and can be easily recycled, reducing landfill waste.
Biodegradable & Compostable Options: These trays break down naturally over time, minimizing plastic pollution and often utilizing renewable resources like plant-based fibers.

Active Packaging Technologies Extend Freshness

Antimicrobial Coatings: These coatings inhibit harmful bacteria growth, promoting food safety and reducing spoilage.
Moisture Control Pads: Excess moisture is absorbed, preventing decay and maintaining crispness.
Ethylene Absorption: Certain materials capture ethylene gas, slowing down the ripening process and extending shelf life.

E-commerce Boom Drives Demand for Protective Packaging

The rise of online grocery shopping is creating a need for secure and effective packaging solutions for fresh produce:

Enhanced Protection: Fresh produce trays safeguard fruits and vegetables from damage during transportation.
Efficient Stacking & Nesting: This design optimizes space utilization, reducing transportation costs and environmental impact.

Regional Growth Prospects

North America: The US market is expected to see rapid growth due to high demand for fresh produce and the increasing popularity of online grocery shopping.
Asia: India and China, with their high consumption of seasonal fruits and vegetables, are projected to experience significant market expansion.
Europe: Similar growth trends are anticipated across European countries.

Looking Ahead: A Sustainable and Innovative Future

The fresh produce trays market presents a promising outlook. The convergence of sustainability concerns, innovative packaging technologies, and the e-commerce boom positions this market for continued growth. Market participants who prioritize eco-friendly solutions, functionality, and freshness preservation will be well-positioned to capitalize on this expanding market.

Access Full Report: https://www.futuremarketinsights.com/reports/fresh-produce-trays-market

Key Segments:

By Material:

Paper & Paperboard
Molded Fiber
Plastic
Foam

By Partition:

With Partition
Without Partition

By Distribution Channel:

Online
Offline

Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa (MEA)

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Contact Us:

Baobab Powder Market Set to Grow at a 6.2% CAGR by 2027, According to Future Market Insights Inc.

The global Baobab Powder Market is anticipated to witness robust growth during the assessment period. Future Market Insights studies the factors driving the popularity and adoption of baobab powder across the globe. Consumers today are becoming aware of the benefits of baobab powder, which in turn is surging the demand for baobab powder-based products such as cereals and bars.

Due to the fact that baobab powder has numerous skin benefits, it is used as an ingredient in various anti-aging creams and helps protect the skin against high or low temperatures, rejuvenates the skin cells, moisturizes the skin and prevents damage from free radicals. Also, as baobab powder is a rich source of calcium and potassium, it is also found in products such as cereals, bars, and jellies. Owing to its wide-ranging beneficial properties, the consumption of baobab powder is growing across the globe.

Segmental Forecast of the global baobab powder market

The global baobab powder is segmented on the basis of product type (organic baobab powder, conventional baobab powder), end use (industrial, retail), sales channel (direct sales, indirect sales) and region.

Forecast by Product Type: Organic baobab powder segment is expected to register the highest CAGR during the forecast period. The organic baobab powder segment is estimated to be valued at US$ 8,544.2 Mn by 2027 end and is expected to expand at a CAGR of 6.5% over the forecast period.

Forecast by End Use: The retail segment is estimated to account for the highest value share of 65.2% in 2017 and is projected to reach a market valuation of US$ 6,545.1 Mn by 2027 end, registering a CAGR of 6.3% over the forecast period.

Forecast by Sales Channel: The indirect segment is estimated to account for the highest value share of 75.4% in 2017. This segment is estimated to be valued at US$ 7,602.1 Mn by 2027 end and is expected to expand at a CAGR of 6.3% over the forecast period.

Forecast by Region: North America followed by Western Europe will be the leading markets in the global baobab powder market with an anticipated value share of about 30% and 25% respectively by the end of 2027. North America will witness the highest regional CAGR of 6.8% during the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global baobab powder market including:

EcoProducts
Baobab Fruit Company Senegal
B’Ayoba (Pvt) Ltd
Organic Africa, Aduna Limited
Etude House
Woodland Foods
Powbab Inc
ATACORA
Halka B. Organics
Indigo Herbs LTD and Organic Burst UK Ltd.

Companies are focussing on addressing customer centric product demand by expanding their product portfolio and introducing a variety of products in the global market. Suppliers are entering into long-term contracts with baobab products manufacturers to avoid increase in product prices, and baobab manufacturers are also benefitting from these long-term contracts with suppliers as it helps them sustain their operations.

Extensive Market Research: Complete Report and Findings

Global Baobab Powder Market Forecast 2017-2027

Future Market Insights predicts the global baobab market to be valued at about US$ 5,483 Mn by the end of 2017 and will continue to grow at a CAGR of 6.2% during the period of study to reach a market valuation of about US$ 10,004 Mn by the end of the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global baobab powder market including:

EcoProducts
Baobab Fruit Company Senegal
B’Ayoba (Pvt) Ltd
Organic Africa, Aduna Limited
Etude House
Woodland Foods
Powbab Inc
ATACORA
Halka B. Organics
Indigo Herbs LTD and Organic Burst UK Ltd.
Companies are focussing on addressing customer centric product demand by expanding their product portfolio and introducing a variety of products in the global market. Suppliers are entering into long-term contracts with baobab products manufacturers to avoid increase in product prices, and baobab manufacturers are also benefitting from these long-term contracts with suppliers as it helps them sustain their operations.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

Global Food Waste Management Market Poised to Exceed USD 121.8 Billion by 2033 with a 5.7% CAGR

The food waste management sector (Mercado de gestión de residuos alimentarios) is poised for significant growth, with an estimated market value of US$ 70.0 billion in 2023, projected to reach US$ 121.8 billion by 2033, marking a robust CAGR of 5.7% over the forecast period.As food waste continues to escalate, spurred by uneaten or leftover food, the demand for effective food waste management solutions is on the rise. Increased consumer awareness regarding food wastage, coupled with government initiatives, is driving the adoption of food waste management practices. Industries such as animal feed, fertilizer, and renewable energy are driving market expansion by repurposing food waste into valuable resources.

The proliferation of biofuels and fertilizers, as well as the production of urea for agricultural purposes, presents lucrative opportunities for market growth. Moreover, the surge in kitchen waste from local food vendors, hotels, and food service centers further propels the adoption of food waste management strategies. Factors such as population growth, environmental concerns, and food spoilage due to excess quantities further contribute to the growing demand for food waste management solutions.

Additionally, the increasing availability of imported food items and surplus untasted food are bolstering the market share of food waste management. Large corporations, engaged in food processing and service industries, generate substantial quantities of food waste daily, highlighting the critical need for effective management practices.

What Measure does Government take to Reduce Food Waste?

Around the world, numerous nations are actively tackling the issue of food waste through various initiatives. Food wastage poses a significant challenge with far-reaching impacts on the environment, society, and global economies. Consequently, it has become a focal point for many countries. Despite this attention, substantial quantities of food continue to be wasted, while others face food shortages.

Governments worldwide are taking proactive measures to address this issue, launching awareness campaigns and programs aimed at reducing food wastage. For instance, the U.K. government has introduced the Love Food Hate Waste initiative, while Denmark has implemented the Stop Wasting Food program in recent years. Additionally, the United Nations has prioritized raising awareness among individuals to minimize food wastage and support initiatives like the Zero Hunger Challenge Program.

Key Takeaways:

The food waste management market is expected to have a valuation of US$ 121.8 billion by 2033.
The global market is likely to register a CAGR of 5.7% during the forecast period.
The United States food waste management market is anticipated to register a CAGR of 5.9% through 2033.
With a CAGR of 6.1%, the United Kingdom market is significantly estimated to uplift during the forecast period.
China’s market is projected to register a CAGR of 7.8% over the forecast period.

Who is winning?

The market is fragmented in nature. The prominent players provide services to the customers by adopting advanced technology. Moreover, they are focused on innovating products to collect and recycle food waste. The manufacturers are using various technologies such as automated garbage pickups, enzyme-based food management systems, and sensor-based waste management.

Recent Developments in the Food Waste Management Market:

Prominent vendors are making innovative technologies to reduce food waste. They are adopting several methods to enhance the quality and extend the shelf-life of food during the forecast period. For example, top manufacturing companies adopt clean-label packaging to provide excellent food safety by reducing food wastage.

Gain full access to the Food Waste Management Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

Food Waste Management Market by Category

By Service:

Prevention
Collection
Transfer
Recycling
Landfill

By Waste Type:

Food Production Waste
Agri Produce Waste
Poultry, Meat, and Seafood Waste
Food Processing Waste
Agri Produce Processing Waste
Poultry, Meat, and Seafood Processing Waste
Dairy Food Processing Waste
Other Food Processing Waste
Distribution & Supply Chain Waste
Retail Waste
Consumption Waste
Household Food Waste
Food Services, Hospitality, & Institutional Waste

By End User:

Animal Feed
Fertilizer
Renewable Energy & Biofuels
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:

Sweetener Market Expansion: Projected to Achieve USD 16.9 Billion Milestone by 2034

The global sweetener market is anticipated to reach a valuation of USD 10.8 billion by 2024, with a projected CAGR of 3.8%, likely expanding to USD 16.9 billion by 2034.

Natural sweeteners, the second-largest product category, have a global market share of about 22%. During the projection period, this category is expected to increase market share.

The main global sweetener competitors are expanding their financial and geographic reach. Furthermore, because there aren’t many buyers and sellers, most organisations are focusing on cost-cutting strategies.

Sweeteners’ most prevalent application is in the food and beverage industry. This category accounts for roughly 70% of current revenue. The food and beverage industry will be the most important application segment during the course of the forecast. In terms of revenue, the market will be worth over US$ 157.7 billion by 2032. Demand for food and beverages is predicted to grow at a 3.8% CAGR between 2022 and 2032.

Dairy goods and drinks are the two biggest sub-segments in the food and beverage industry. Together, these two sub-segments represent 40% of total revenue.

Sweetener Market Trends

Growing disposable income is propelling the expansion of the confectionery, bakery, and dairy sectors, driving the sweetener market’s growth.
Consumers’ preference for clean-labeled products like low-calorie, sugar-free, and additive-free options is boosting the sweetener market.
Increased investment in research & development and supply chain analysis is expected to expand the global sweetener market.
Limited availability of expensive raw materials is likely to result in higher prices for natural and organic sweeteners.
Rising obesity rates among consumers are a significant growth factor for the organic and natural sweetener market.

North America Sweeteners Market

In North America and around the world, sucrose remains the most popular product category. In terms of sales, sucrose presently accounts for roughly 55% of the North American market. Sucrose demand in the North American sweetener market will continue to rise due to its use in the food and beverage industries. The food and beverage sector accounts for more than 71% of North America’s revenue, and it will remain crucial during the predicted period.

Increasing middle-class awareness in China and India is a key element driving rising demand for sweeteners in Asia Pacific excluding Japan. The APEJ sweetener industry is expected to grow steadily, creating new opportunities for manufacturers. Given the sheer volume and scale of demand in APEJ, several firms are attempting to consolidate their position in the market.

Key companies profiled in the report include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White house foods, Spectrum Organic Products, LLC, Higher Nature Limited., Vitane Pharmaceuticals, Inc., the kraft heinz company, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amfac, Inc.(American Garden), Mautner Markhof Feinkost GmbH, GNC holdings inc, Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc., Eden Nuganics, Viva Naturals, Health Connection Wholefoods.

Extensive Market Research: Complete Report and Findings

Sweetener Market: Segmentation

By Sweetener Type :

novel sweeteners
natural sweeteners
sugar alcohol
sucrose
artificial sweeteners

By Industry :

food & beverage (sweet spreads, bakery goods, beverages, dairy products, confectionery & chewing gums and others)
direct sales
pharmaceuticals
others.

By Region :

Eastern Europe
Japan
Middle-East & Africa (MEA)
Latin America
Asia-Pacific excluding Japan (APEJ)
Western Europe
North 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.

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

Global Organic Milk Powder Market Set to Grow at 5.4% CAGR by 2032 Amid Rising Demand for Organic Products: FMI Report

The global organic milk powder market will grow at a CAGR of 5.4% during the forecast period, predicts Future Market Insights. As a result, it is predicted that the market for organic milk powder will increase from USD 2.3 billion in 2022 to USD 3.9 billion by 2032.

The various types of organic milk powder comprise skimmed milk, whole milk, and buttermilk and whey. Among these, the whole milk segment is predicted to hold the dominant share of 53.6% by 2017 and is projected to rise at an impressive CAGR of 5.8% during the forecast period. The dominance of the segment is attributed mainly to the extensive demand for these for a variety of applications, including chocolates.

The various regions for the market for organic milk powder are North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA). Of these, North America is expected to the most attractive market, fueled by the prominent presence of certified organic dairy farmers.

Vast Nutritional Benefits to Fortify Demand

The demand for organic milk powder among health-conscious populations in various parts of the world is attributed primarily to the recognition of a number of benefits they have, such as high-shelf life, assured quality, and nutritional benefits, notably the presence of mega 3 fatty acids. The rising preference of organic milk powder over ordinary milk among people of various age is driven by these health benefits. The growing demand for non-GMO and gluten free ingredients in packaged milk products is a key factor bolstering the demand for organic milk powders.

The growing demand for wholesome foods among families in various countries to act as a nutritional supplement to health drinks is a crucial factor expected to boost the market. The growing number of certified organic dairy farmers in developing and developed countries is a crucial trend expected to accentuate the market in the coming years. The marked consolidation of organic dairy industry, notably in North America, is a prominent trend expected to bode well for the overall organic milk powder market. This has led to a rise in imports volume, especially in the U.S.

Rising Number of Certified Organic Dairy Farmers Unlock Exciting Opportunities

The rising popularity of organic products in various developing and developed regions is expected to stoke the demand for organic milk powder market. However, the notable disparity in the supply and demand of organic milk powder in major regions, is a key factor likely to hinder the growth of the organic milk powder market to an extent. The insufficient supply of organic milk powder can be attributed to the paucity of modern dairy firms, stringent regulatory norms in developed nations to set up organic diary firms, marked transition period for conventional firms to turn into organic firms.

Nevertheless, the rising number of certified organic dairy farmers and recent advancements made in organic farming are key factors anticipated to accentuate the market over the forecast period. The introduction of products with advanced formulations also bodes well for the global organic milk powder market.

Key players :

Some of the leading players operating in the market include Nestlé SA, Prolactal GmbH, B. Engelhardt & Co AB, Holle babyfood GmbH, Bellamy’s Organic, Ingredia SA, Organic Valley, Aurora Foods Dairy Corp., HiPP GmbH & Co. Vertrieb KG, and Fonterra Co-operative Group, notes Future Market Insights (FMI). A number of players are focused on making constant product launches in order to consolidate their shares in various regions.

Complete Market Review: A Full Report Analysis

Key Segments Covered

By Type:

Skimmed Milk
Whole Milk
Buttermilk & Whey

By Sales:

Direct Sales
Indirect Sales
Modern Trade
Convenience Stores
Online Retailers
Others

By End-Use:

Food
Dairy
Bakery
Confectionery
Beverages
Dietary Supplements
Cosmetics & Personal Care

By Region:

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
Africa
Middle East

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

Organic Beef Industry on Track for 6.8% CAGR, Set to Hit USD 22.89 Billion by 2033: FMI Analysis

In the symphony of sustainable and health-conscious eating, the organic beef market (Mercado de carne de res orgánica) is poised to expand at a CAGR of 6.8% from 2023 to 2033. This crescendo of growth finds its roots in a harmonious interplay of factors propelling the demand for organic beef. Foremost among them is the escalating desire among consumers for protein-rich and wholesome sustenance. As discerning individuals increasingly prioritize their well-being, the allure of organic beef’s grass-fed, antibiotic, and hormone-free production proves irresistible.

Key Takeaways from the Organic Beef Market:

North America is the biggest area with a 35% share of the global market. This demonstrates how important the economies of the United States and Canada are to the area.

Europe accounts for a sizeable 28% of the market, with Germany emerging as the top individual contributor with a 5% share. This market distribution demonstrates the strength of the European Union’s economy.

With a 20% market share worldwide, the United States alone has tremendous power. This demonstrates the strength and significance of the American economy on a worldwide scale.

China and India dominate Asia Pacific, which holds a significant combined share of 15%. China is a significant economic powerhouse, representing 10% of the world market.

Despite being a smaller nation than China and India, Japan holds a respectable 4% of the worldwide market. Further demonstrating their economic importance, Australia and the United Kingdom contribute 2% to the global market.

“Our research underscores the rising consumer demand for organic beef due to health and sustainability concerns. Organic beef is gaining traction for its perceived health benefits and eco-friendly production methods, indicating a promising future for this market driven by conscientious consumer choices.” Says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Competition in the organic beef culinary world is intense, with a range of tempos from moderate to high. This battle is expected to persist due to various factors favoring the sector’s expansion, including a surge in demand and the enthusiastic entry of new businesses, all contributing to an increasingly competitive environment.

Organic Prairie

The leading supplier of organic meat, chicken, and pork is Organic Prairie. The business is headquartered in Minnesota and was established in 1985. The brand Organic Prairie is well-known and sells various organic beef products.

Niman Ranch

Organic meat sold under the Niman Ranch brand is well-known. The business is headquartered in California and was established in 1973. Steaks, ground beef, and burgers are just a few organic beef items from Niman Ranch.

US Wellness Meats

A well-known manufacturer of grass-fed beef. The business is headquartered in Colorado and was established in 2006. Steaks, ground beef, and hamburgers are just a few grass-fed beef products from US Wellness Meats.

Verde Farms

Verde Farms produces chicken, lamb, and beef that are all organic. The business is headquartered in California and was established in 2004. Steaks, ground beef, and hamburgers are just a few of the organic beef items available at Verde Farms.

Key Companies Profiled are

Australian Organic Meats Group Pty Ltd
River Ford Organic Farmers
Danish Crown
Blackwood Valley Beef
JBS Global
Eversfield Organic Ltd
Neat Meat Company
Swillington Organic Farm Arcadian Organic Meat Co.
Organic Prairie
Tyson Foods Inc.
Verde Farms
OBE Organic
Perdue Farms

Key Developments

Symphony of Demand and Supply: The organic beef market resonates with a harmonious blend of increasing demand and growing supply. Driven by rising awareness of organic food benefits, changing consumer preferences, and higher affluence levels, the demand for organic beef continues to soar. Simultaneously, organic farming operations’ expansion and technological advancements facilitate a steady increase in organic beef supply, striking a melodious chord of equilibrium.

Diverse Melodies of Innovation: The organic beef market boasts a rich tapestry of innovation, where new product development takes center stage. A symphony of delectable new cuts, tantalizing flavors, and convenient offerings elevates the culinary experience for consumers. Embracing change and adaptation, the market’s orchestration of novelty entices consumers with an ever-evolving ensemble of organic beef offerings.

Detailed Market Breakdown: Comprehensive Full Report

Organic Beef Market by Category

By Product Type:

Processed Meat
Fresh Meat

By Sales Channel:

Direct Sales
Indirect Sales

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, USA and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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

Chia Seed Market Poised for Growth: Projected 7% CAGR to Boost Revenue to USD 390.3 Million by 2033

By the end of 2022, the net worth of total chia seeds sold globally was estimated to be US$ 195.3 million. In the current year, 2023, the sales of chia seeds, in terms of value, are expected to be worth around USD 203 million. FMI further projects the overall market to record a CAGR of 7% from 2023 to 2033. By experiencing this promising growth, the global chia seed market size is projected to reach a valuation of USD 390.3 million by 2033.

Growing consumer demand for gluten-free food items and improving recognition of chia seeds for their health advantages are the key reasons propelling sales. Moreover, the increased use of chia seeds as a source of omega-3 in animal feed is also regarded to have boosted the market.

Under their bland flavor, chia seeds may be added to packaged meals and functional foods. Chia seeds’ high fiber content makes it possible to use them in bakery goods, energy drinks, dietary supplements, sports drinks, and salty snacks. Furthermore, Chia seeds are often used in packaged ‘superfood’ items because of their high antioxidant and fiber content.

A certain degree of market development restraint may result from the limited availability of suitable environments for plant growth and higher seed output. Against this backdrop, the sales of chia seeds in the United States are anticipated to remain profitable over the assessment period.

Key Takeaways from the Chia Seed Market Study Report

The United States held a market share of 27.9% in the year 2022.
Germany is the leading market for chia seeds in Europe and contributed a 7.3% revenue share in 2022.
The demand for chia seeds in the United Kingdom registered a CAGR of 7% during the forecast years.
China and India are poised to witness a growth rate of 6.1% and 8.9% in the production of chia seeds through 2033.

Competitive Landscape for the Chia Seed Market Players

Organic Denmark, Sesajal, Bioglan, Nutiva, Navitas Naturals, Mamma Chia, Genera Nutrients, and Maya Chia are a few of the leading chia seed-supplying industries. Many of the global market players rely on imports because much of the output is located in Central and South American nations.

The chia seed plant thrives in the dry, marine-influenced Mediterranean climates, so its market has remained concentrated in some parts of the world. However, the adoption of modern farming methods has now given rise to the possibility of successful farming of chia seeds in other climatic regions. This is anticipated to support the emergence of new players and diversify the market in the coming days.

Recent Developments by the Chia Seed Supplying Industries

Mamma Chia declared in April 2022 that its products are keto-friendly. This development included its product line of Chia Energy Beverages and Chia Vitality Beverages, providing only 6 grams of net carbohydrates per serving.

Innovation and the creation of new product supplies are the main techniques used by businesses to maintain their market share. The Chia Co. launched four new types to its Oats+Chia product line last year, including Apple Spice, Blueberry Lemon, Mixed Berry, and Banana Mango. Later, it added three new flavors to its Chia Pods products, such as Strawberry, Dark Cacao, and Coffee Bean.

Complete Market Review: A Full Report Analysis

Segments Covered by the Survey Report

By Origin:

Organic
Conventional

By Color:

Black
White
Brown

By Form:

Whole Chia Seeds
Grounded Chia Seeds
Chia Seed Oil
Other Chia Seed Forms

By End-use Application:

Food and Beverages Sector
- Packed Chia
- Nutritional Bars
- Bakery and Snacks
- Breakfast Cereals
- Beverages
- Others
Personal Care Products and Cosmetics Sector
Animal Feed and Pet Food Sector
Nutritional and Dietary Supplements Sector
Other End-use Applications

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

Fermented Dairy Ingredients Market Expected to Reach USD 16.5 Billion by 2033

The global fermented dairy ingredients market is expected to accumulate US$ 7,884.0 million in value by 2023-end. During the forecast period ranging from 2023 to 2033, a CAGR worth 8.2% has been projected for the market, with an expected closing value worth US$ 16,485.5 million. During the 2018 to 2022 historical period, the industry grew at a value CAGR worth 8.1%.

Fermentation of dairy products such as cheese, yogurt and butter are a natural process to use microorganisms, such as good bacteria to break down the carbohydrates for the conversation of sugars into organic acids or organic alcohols. Traditionally, this practice was adopted just to preserve food and increase the shelf-life of dairy products, but modernization has increased the usage of fermentation as more than just a preservative.

The surge in the fermented dairy ingredients market can be attributed to the following factors

Advantages on the overall health	FMI researchers remark that there has been a rapid increase in the number of health-conscious consumers and the rising awareness about the benefits of the probiotic bacteria in fermented dairy ingredients on a massive scale creates revenue generation opportunities.
Increasing consumption of dairy products	The millennials and GenZ are attracted to the low-fat content and unique flavors of fermented dairy ingredients, and thereby the market has seen a positive shift towards the increased consumption of processed cheese and other dairy products in the food industry.
Escalated demand for flavored milk	Kefir, a fermented tangy milk drink produced by kefir grains, is loaded with health benefits. This leads to an amplified demand for kefir in recent years due to consumers’ preference of a healthy and nutritional diet. With the increasing demand of such flavored milk, the fermented dairy ingredients market players experience a boost.

The major challenge posed to the fermented dairy ingredients market is the storage related issues. The requirement for a proper storage system to prevent the dairy products from getting sour is a big challenge for manufacturers. Moreover, the frequent changes in price of fermented dairy products create a disturbance in the market impacting growth.

Key Takeaways

The United States controls the worldwide fermented dairy ingredients industry with a value share of 19.4%.
Germany accounts for 7.1% of the overall value of the global fermented dairy ingredients market.
Australia has 2.7% of the global market for fermented dairy ingredients.
China is exhibiting a phenomenal CAGR of 11.1% in the global fermented dairy ingredients industry.
In the global market for fermented dairy ingredients, India has a phenomenal CAGR of 5.6%.
Japan accounts for 4.3% of the global fermented dairy ingredients market value

Competitive Landscape

Key fermented dairy ingredients manufacturers are seeking ways to increase their market share with joint ventures, mergers, acquisitions and new product launches. The swelling dispersion of start-ups in the market has led to an increase in production quality and amplified global sales.

Some of the most known players in the fermented dairy ingredients market are

Cargill Incorporated
Kerry Inc
Archer Daniels Midland Company
Arla Foods Ingredients Group
CSK Food Enrichment
Dairy Connection
Corbion

Recent Developments

DairyChem is a natural dairy manufacturing business that specializes in providing a natural flavor encompassing both basic milk and milk components flavor through highly complex cheese and cultured dairy flavors. It introduced a variety of flavors ranging from butter flavors, cheese flavors, to blended natural dairy flavors.
Royal DSM, in April 2023, launched a Plant Power Toolkit for plant-based fermented products, like yogurt alternatives. It reduces the complexity of formulating plant-based fermented products and enhances quality.

Comprehensive Industry Report: A Full Market Analysis

Fermented Dairy Ingredients Market by Category

By Product Type:

Cheese
Natural Cheese
Cultures
Enzymes
Starch
Modified Starch
Native Starch
Sweetener
Processed Cheese
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Flavored Milk:
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Yogurt:
Sponable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Drinkable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener

By Application:

Bakery
Dairy
Snacks
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

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

Global Plant-Based Ice Cream Market Set to Soar to USD 4.3 Billion by 2033: FMI Report

The predicted valuation of the worldwide market for plant-based ice cream in 2022 was approximately US$ 1.6 billion. Manufacturers’ focus on developing and marketing new “clean label” and “label free” plant-based ice cream products will drive the growth of the global market for plant-based ice cream in the next years. Considering a 10% CAGR from 2023 to 2033, it is anticipated to have produced a total of US$ 4.3 billion by 2033.

The demand for plant based ice cream is being driven by the quickening pace of commercialization and rising supply of plant-based milk. Market perception is improved through product innovation that improves flavor and technology developments in the sector.

A number of product launches catering to various preferences and tastes will stimulate the market throughout the projection period. For example, in addition to its current varieties, Ben & Jerry’s has developed a number of new tastes, especially for the United Kingdom. The market penetration of several multinational corporations will increase the number of distribution channels, which will increase the product’s overall sales volume.

One of the key factors driving the market’s expansion is the increasing demand for a wide variety of flavors from ice cream enthusiasts. In a nutshell, the market growth rate is being boosted by the increased availability of flavors which includes mint chip, pistachio, peanut butter, strawberry, fudge brownie, vanilla, coffee hazelnut, raspberry, lemon and salted caramel.

Key Takeaways from the Market Study

The global market for plant-based ice creams saw a CAGR of 3.3% from 2018 to 1022.
In 2022, the coconut taste will hold a 43% market share, making it the dominant category.
Chocolate is expected to expand at a CAGR of 15.2% over the course of the forecast period, making it the most popular taste among consumers.
The United States market is predicted to expand steadily from 2023 to 2033 at a CAGR of 5.3% in 2022.
From 2023 to 2033, the Indian market for plant-based ice cream is anticipated to grow at a CAGR of 8.5%.
From 2023 to 2033, the market in the United Kingdom is projected to expand at a CAGR of 5.5%.

“Rapidly increasing instances of lactose intolerance consumers along with other milk-related health problems, and some socializing trends, are predicted to drive market expansion throughout the projection period,” says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Key businesses are placing a lot of emphasis on developing and creating new products in order to satisfy customer demand while maintaining premiumization by providing a range of flavors and product quality.

The market for plant-based products remains untapped and lucrative for manufacturers as more customers adopt healthy eating trends. The market under study will also be improved further by raising R&D expenditures and investigating new distribution methods, such as internet retail channels.

Prominent players in the plant based ice-creams market are:

Unilever Plc.
Nestle SA
Tofutti Brands Inc.
General Mills, Inc.
Danone SA,
Booja Booja Company Ltd.
Little Red Rooster Ice Cream Company
Bliss Unlimited LLC.
JUDE’S
Oatly.

Key Segments Profiled in the Global Plant Based Ice-creams Market

By Form:

Singles
Blends

By Product Type:

Bars
Cones
Cups/Tubs
Others

By Flavor:

Fruits
- Strawberry
- Banana
- Orange
- Raspberry
- Pomegranate
- Lemon
- Others
Nuts
- Coconut
- Almond
- Hazelnut
- Others
Herbs
- Cinnamon
- Mint
- Peppermint
- Others
Beans
- Vanilla
- Chocolate
- Coffee
- Others

By Source:

Soy Milk
Coconut Milk
Almond Milk
Cashew Milk
Others

By Sales Channel:

Direct Sales
Indirect Sales
Hyper/Supermarket
Franchise Outlets
Online
Other Retail Formats

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Detailed Market Breakdown: Comprehensive Full Report

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

Keventers, a 97-year-old dairy brand as well as restaurant chain famed for its milkshakes along with ice creams, extended its product offering with its first selection of plant-based ice cream in 2023 in India produced with coconut milk. Two flavors—Vegan Strawberry and Vegan Dark Chocolate—have been introduced by the firm.
Unilever introduced the new Magnum Vegan Raspberry Swirl in Veganuary 2023. It is a silky raspberry ice cream featuring swirls of tart raspberry sauce and is covered in vegan chocolate. New Magnum Vegan Minis were released in Australia, North America, New Zealand, Israel, as well as Europe during the preceding Veganuary.

More Valuable Insights Available

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

To understand opportunities in the plant based ice-creams market, the market is segmented on the basis of plant based ice-creams by form (singles, blends), product type (bars, cones, cups/tubs, others), flavor (fruits, nuts, herbs, beans), source (soy milk, coconut milk, almond milk, cashew milk), sales channel (direct sales, indirect sales, hyper/supermarket, franchise outlet, online) and across five major regions (North America, Latin America, Europe, Asia Pacific and 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: