Market Research Blog – Page 1316 – New Product Development

Medical Drones Market Poised for Explosive Growth, Projected to Surpass USD 3.06 Billion by 2032 at a 24.3% of CAGR

The medical drones market is set to experience remarkable growth, expanding at a robust CAGR of 24.3% over the forecast period. The market, which recorded a revenue of USD 280.6 million in 2022, is expected to exceed USD 3.06 billion by the end of 2032.

In the past, the market demonstrated an even more impressive growth trajectory, with a CAGR of 34.0%, highlighting the accelerating adoption and innovation within the sector. The surge in demand for rapid medical delivery and advanced healthcare logistics is driving this expansion.

As the industry continues to innovate and scale, the medical drones market is poised for promising growth throughout the forecast period, revolutionizing the way healthcare services are delivered worldwide.

Medical drones are aerodynamic pods used for transporting medical supplies such as drugs, vaccines, and medical aids. Medical drones are developed for rapid and safe delivery of medical supplies in the remote or inaccessible areas and war torn areas from medical facilities. With the advancement in technology and cost cutting of medical drones have led to augmented adoption mainly by military and hospitals sectors.

Medical drones are in continuous research and development phase for producing a novel product with high speed, and accuracy in delivery. Medial drones are operated manually or can be programmed to fly precise route, and are advantageous as they require no landing space and can drop packages from the lower fly. The ability of medical drones to fly over closed areas and without a crew is the reason for its high demand.

Medical Drones Market: Drivers and Restraints

The growth of global medical drones market is generally driven by low cost of equipment and increasing research and development investment by government bodies are driving the growth of medical drones market. In addition, increasing penetration of medical drones in an emergency or catastrophic areas are boosting the market growth of medical drones. For instance, medical drones were adopted for delivering tele-medical packages to victims of mass casualty event held in Mississippi, U.S. However, product approval regulation have hindered commercialization of medical drones as they are not allowed to fly freely or without permission are hampering the growth of medical drones market. In addition, medical drones create risks including potential hazards and operation issues are other obstacles to the growth of medical drones market.

Medical Drones Market: Region Wise Outlook

Geographically, medical drones market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The market in North America is anticipated to hold the largest share of medical drones in the global market, followed by Western Europe, owing to the presence of increasing research and development funding from the government and private bodies. In addition, the presence of formal rules and regulation applied by federal government and presence of highly sophisticated environment are also gardening the growth of medical drones market.

The medical drones market in Asia- Pacific region and Japan are anticipated to grow at a higher rate owing to the improving healthcare facilities and increasing awareness about the benefits of medical drones in the catastrophic environment. However, the market for medical drones in regions such as Latin America, Eastern Europe, and Middle East and Africa are estimated to show a steady growth over the forecast period owing to the presence of highly fragmented distributors and scarcity of skilled professionals.

Medical Drones Market: Key Players

Some of the market participants in the global medical drones market are Zipline Inc., Flirtey, and Matternet.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends and Issues and Challenges
Competition & Companies involved
Technology
Value Chain

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

A Old Full Report Analysis Click Here

Medical Drones Market: Segmentation

On the basis of application, global medical drones market can be segmented as:

Acute Care
Vaccination Programs
Blood bank Transferring
Drug/Pharmaceutical Transferring

On the basis of end-user, global medical drones market can be segmented as:

Government Organizations
Emergency Medical Services
Blood Banks

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

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

Mobility Aids and Transportation Equipment Market to Reach USD 11,638.91 Million by 2033, Expanding at a 6.1% CAGR

The global mobility aids and transportation equipment market is poised for robust growth, with the market expected to reach a value of USD 6,318 million by the end of 2023. This upward trend is projected to continue, with the market anticipated to expand at a 6.1% CAGR through 2033, ultimately reaching USD 11,638.91 million.

The anticipated growth reflects increasing demand for advanced mobility solutions, driven by an aging global population, rising incidences of mobility-related disabilities, and heightened focus on accessibility and quality of life improvements. With continuous innovations in mobility aids and transportation equipment, the industry is set to offer enhanced products that promote independence and convenience for users across the globe.

The study offers a detailed analysis of dynamics including drivers, restraints, opportunities, and challenges, and also highlights their consequent impact on the market.

Advent of Telehealth and Virtual Care to Create Tailwind for the Mobility Aids And Transportation Equipment Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Mobility Aids And Transportation Equipment market.

Key Mobility Aids And Transportation Equipment Market Takeaways and Projections

The U.S. is estimated to continue dominating the North American market, projecting the fastest growth in the region through 2031.
Germany’s Mobility Aids And Transportation Equipment market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
India is forecast to emerge as a highly remunerative market in South Asia, contributing to the largest sales in the region over the coming 10 years.

Report Benefits & Key Questions Answered

Mobility Aids And Transportation Equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Mobility Aids And Transportation Equipment market. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2021-2031.
Mobility Aids And Transportation Equipment Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Mobility Aids And Transportation Equipment market. As per the survey, Mobility Aids And Transportation Equipment sales will project steady growth over the forecast period.
XZY Market Structure Analysis: The report provides detailed information about the market the concentration of key players and tier analysis in the Mobility Aids And Transportation Equipment market. It also categorizes market players as Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
Mobility Aids And Transportation Equipment Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players in capitalizing on the,
Mobility Aids And Transportation Equipment Market Trend Analysis: FMI’s market trend analysis provides compelling insights into current and upcoming trends in the healthcare industry. It also assists the industry players in identifying potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Mobility Aids And Transportation Equipment market to assist management-level decision-makers in constructing a strategy to capitalize on critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Mobility Aids And Transportation Equipment market.

Some of the prominent market players are profiled by FMI

Sunrise Medical LLC,
Invacare Corporation,
OttoBock Healthcare GmbH,
Stryker Corporation,
Medline Industries,
GF Health Products Inc.,
Hoveround Corporation,
LEVO AG,
Permobil AB,
Merivaara Corporation, and others.

The Mobility aids and transportation equipment global market is segmented into the following types:

Manual Wheelchairs
Manually Operated Wheelchairs
Standard Manual Wheelchairs
Pediatric Wheelchairs
Electrically Powered Wheelchairs
Stretchers
Manual Stretchers
Automated Stretchers
Walking Aids
Crutches
Walkers
Walker Cane Hybrids
Gait Trainers
Mobility Scooters
Stair Lifts

Key Segments:

By Product Type:

Manual Wheelchairs
Electrically Powered Wheelchairs
Stretchers
Walking Aids
Mobility Scooters
Stair Lifts

By Region:

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

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Surgical Navigation System Market Set to Reach USD 1.700 Million by 2030, Expanding at 6.2% CAGR

Surgical navigation systems play a critical role in enhancing the accuracy of complex surgical procedures, leading to improved patient outcomes. This steady market growth is fueled by rising demand for minimally invasive surgeries, advancements in medical imaging, and an increasing focus on patient safety.

As healthcare professionals continue to adopt these cutting-edge systems, the global surgical navigation system market is expected to witness sustained momentum through 2030, contributing to better surgical outcomes and advancing the future of healthcare.

Surgical Navigation Systems target the anatomy to be operated on and guide implant placement in a safe manner to the specific anatomy of the human body. Surgical Navigation Systems serve as information hubs during operations.

A Surgical Navigation System is critical for correct anatomy visualisation and surgery planning in a virtual environment. Surgical Navigation Systems help to lessen the hazards of surgery.

Global Surgical Navigation System Industry: Drivers & Restraints

The navigation technology, which includes surgical planning software, intra-operative imaging, and tool tracking technologies, drives the Global Surgical Navigation System Industry.

Surgical Navigation Systems assist surgeons in making data-driven decisions during procedures. This Surgical Navigation System technology is propelling the worldwide Surgical Navigation Systems market forward.

The rise in minimally invasive and non-invasive operations is a major factor that could hamper the growth of the worldwide Surgical Navigation Systems market.

Because of the speedy post-operative recovery with minimum pain to the patient, minimally invasive and non-invasive operations are gaining popularity among the general public.

Global Surgical Navigation System Industry: Overview

Computer-aided surgery or computer-assisted intervention are other terms for Surgical Navigation System. The navigation system must do anatomical imaging, which leads to image analysis.

The navigation system assists in diagnosis and operation simulation based on the image created. Due to the complexity of the treatments, the neurosurgery segment dominates the Global Surgical Navigation System Industry.

The Global Surgical Navigation System Industry was led by orthopedic navigation systems, which were closely followed by ENT navigation systems.

Global Surgical Navigation System Industry: Region-wise Outlook

Depending on geographic regions, global Surgical Navigation System market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa.

Due to the mature healthcare sector in the North American countries, North America held a substantial market share in the global Surgical Navigation System market and is expected to retain the share over the forecast period.

The countries of Japan and Germany are projected to present considerable growth rate in the Global Surgical Navigation System Industry due to the well-established infrastructure and advanced Information Technology (IT) in healthcare.

Global Surgical Navigation System Industry: Key Players

Some of the key players in the global Surgical Navigation System are GE Healthcare Ltd., Medtronic Inc., Siemens Healthcare Corporation, Stryker Corporation, B.Braun Melsungen AG, Bausch & Lomb Incorporated, CAScination AG and Brainlab AG.

Manufacturers of worldwide Surgical Navigation Systems are involved in obtaining product approvals from the Food and Drug Administration (FDA) and other regulatory authorities in order to market their goods.

Acquisitions and strategic alliances are being encouraged by worldwide surgical navigations system market participants in order to acquire a competitive advantage, expand into emerging markets, and widen the product range.

The research study provides an in-depth analysis of the market and includes meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics.

It also includes estimates based on an appropriate set of assumptions and procedures. The research study analyses and gives information categorised as market segments, geographies, types, technology, and applications.

A Old Full Report Analysis Click Here

Key Segments

By Technology:

Electromagnetic Navigation Systems
Hybrid Navigation Systems
Optical Navigation Systems
Fluoroscopy-based Navigation Systems
CT-based Navigation System
Others

By Application:

Neurosurgery
Orthopedic Surgery
ENT surgery
Cardiac surgery
Others

By End Use:

Hospitals and Physician Practices
Ambulatory Surgery

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Vitamin D Ingredients Market Projected to Grow at 5.9% CAGR, Reaching USD 2.78 Billion by 2033

According to an industry report, vitamin D ingredients Market is expected to generate USD 1560 million by 2023. Estimates indicate the market is predicted to reach USD 2,780.3 million between 2023 and 2033, representing a CAGR of 5.9%. Increasing consumer demand for health and wellness is prompting cereal manufacturers to improve nutrition content. With pharmaceutical companies increasing their efforts in promoting vitamin D products in the market, the global market for vitamin D ingredients is expected to grow in the near future.

Vitamin D has been popularized as an immune-boosting supplement for protection against COVID-19 in recent years. Researchers found that taking vitamin D3 or D2 supplements reduced infection risk by 20% to 28% and death risk by 33% and 25%, respectively, according to a November study in Nature’s Scientific Reports.

A report by the United States Bone and Joint Health Initiative states that one in two Americans suffer from musculoskeletal disorders each year, which results in an estimated USD 213 billion in lost income due to treatment costs and lost work time. Approximately 126.6 million American adults (one in two) suffer from musculoskeletal conditions, the same percentage as those living with chronic lung and heart diseases.

Key Takeaways from the Market Study

Vitamin D Ingredients are expected to increase by 6% CAGR between 2022 and 2032.
By 2032, Vitamin D Ingredients are expected to be worth US$ 2686.3 million.
With 14.1% of the market share in 2022, the United States dominated the Vitamin D Ingredients market.
China’s growth over the past few years has been strong, contributing to a CAGR of 4.4% in 2022.
Estimates indicate that the Japanese market accounted for 7% of the global market in 2022.
The German market for Vitamin D Ingredients accounted for 3.4% of the global market share in 2022.
The United Kingdom is represented 4.8% of Vitamin D Ingredients sales by 2022.
According to the market report, Vitamin D Ingredients accounted for 2.4% of the market between 2018 and 2022.

“The increasing prevalence of chronic health conditions in pregnant women and the deficiency of vitamin D in pregnant women are expected to fuel the market for vitamin D ingredients in the market. As awareness of fortified beverages increases and chewable gummies become more popular, demand for vitamin D ingredients is expected to increase,” says an FMI analyst.

Competitive Landscape

Vitamin D Ingredients businesses are expanding through partnerships and collaborations. Research and development, new product development, geographic expansion, and partnerships are key strategies that vitamin D Ingredients market players use to increase their customer base.

In May 2023, Koios, a leading producer of better-for-you beverages, launched a new, innovative line of gummies. Gummy products infused with essential vitamins are made with clean, natural ingredients, aligning with the Company’s commitment to promoting health and wellness. Efforts have been made to meet the high quality and taste standards of this new product offering.
In March 2023, Akums Drugs and Pharmaceutical Limited will introduce a series of nutraceutical gummies for health and wellness. In addition to the above products, there is also a line of multivitamins and immunity treatments for adults, in addition to kids multivitamins and sleep support, immunity therapies, hair care (Biotin), vitamin D, UTI gummies, gut health, and many others.

Know More about What the Vitamin D Ingredients Market Report Covers

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

To understand opportunities in the Vitamin D Ingredients market, the market is segmented based on product type, source, application, and industry type across six major regions.

Complete Market Review: A Full Report Analysis

Market Segmentation of Vitamin D Ingredients

By Product Type:

Vitamin D2
Vitamin D3

By Source:

Eggs
Milk
Fish
Fruits, Plant, and Vegetables
Animals
Others (Fungi, Microalgae, Yeast, Plants, etc.)

By Application:

Beverages
Food
Cosmetics
Pharmaceuticals
Pet Food & Animal Feed
Others

By Form:

Resin
Powder
Liquid

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

Barley Market Forecast: Steady Growth of 2.9% CAGR to Achieve USD 32.9 Billion by 2033

According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley sales are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023.

A significant trend driving the barley industry is rising use of barley for the production of alcoholic and non-alcoholic beverages, personal care items, pharmaceuticals, food, and animal feed. In both emerging and established nations, products made from barley have a significant demand due to their numerous functionalities and nutritional advantages. It is hence fueling growth in the global barley market.

A significant number of small-scale competitors are putting high emphasis on innovation than sales. Leading manufacturers with global footprints have increased mergers and acquisitions with small businesses to diversify their product offerings and serve a wide customer base. Rising trend for biodegradable packaging, which is environmentally friendly and made from barley straw is likely to drive growth in the global barley market in the next ten years.

Key Takeaways from Barley Market:

The USA accounted for 15.3% of the global barley market share in 2022.
The United Kingdom generated a share of 4.9% in the global barley market in 2022.
China is set to hold a share of 5.0% in the global barley market during the estimated time frame.
Germany accounted for a share of around 3.5% in the global barley market in 2022.
India barley market is set to generate a share of around 4.3% in the next ten years.

“In the long run, growing focus on products with high nutritional benefits and eco-friendly packaging would propel barley sales worldwide. Key players in both developed and developing countries are anticipated to innovate barley products to create new opportunities,” says a lead analyst at Future Market Insights.

Competitive Landscape: Barley Market

The market for barley is highly competitive worldwide. A few main factors influencing market expansion are introduction of new blends of barley and numerous applications of barley across various industries. Increasing awareness of products with health-promoting properties is another factor that would propels ales.

Leading companies operating in the barley market are GrainCorp Limited, Muntons Plc, Soufflet Group, Cargill, Incorporated, Boortmalt Group, Ireks GmbH, Malteurop Groupe, EverGrain, Crisp Malting Group, Maltexco S.A., Grain Millers Inc., Malt Products Corporation, Global Malt Gmbh & Co. Kg, and Briess Malt & Ingredients Co. among others.

Get More Valuable Insights into Barley Market

In its latest offering, Future Market Insights offers a thorough study of the barley market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.

The study provides compelling insights into the global barley market by product type (barley flour, barley girts, barley malt, barley flakes, whole grain barley, pearl barley), application (pharmaceuticals, alcoholic beverages, food industry, non-alcoholic beverages, animal feed, personal care products), grade (malt grade, standard grade, food grade, specialty grade, pharmaceutical grade, cosmetic grade, feed grade), and region.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Full Market Assessment: Comprehensive Report

Barley Market Outlook by Category

By Application:

Alcoholic Beverages
Non-Alcoholic Beverages
Personal Care Products
Animal Feed
Food
Pharmaceuticals (Supplements)

By Grade:

Malt Grade
Standard
Food Grade
Specialty
Pharmaceutical Grade
Cosmetic Grade
Feed Grade

By Product Type:

Barley Flour
Pearl Barley
Barley Girts
Barley Malt
Barley Flakes
Whole Grain Barley

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

Food Service Equipment Market Projected to Reach USD 82.1 Billion by 2034, Driven by 5.6% CAGR: Future Market Analysis

The global Food Service Equipment Market Size is estimated to reach USD 45,449.7 million by 2024 and USD 82,099.3 million by 2034. The market is expected to surge at a CAGR of 5.6% by 2034.

Food service equipment refers to the various tools, appliances, and machinery used in the preparation, cooking, storage, and serving of food in commercial and institutional settings, such as restaurants, hotels, catering services, cafeterias, and hospitals. The type and complexity of equipment needed can vary greatly depending on the scale of operations and the specific needs of the establishment. Here’s an overview of key categories of food service equipment:

The growing popularity of convenience and ready-to-eat foods among customers in emerging nations is driving up demand for food service equipment. Due to shifting consumer lifestyles, more disposable income, increased brand awareness, and growing worries about the quality of food products, this potential is soaring. It is anticipated that a number of growing economies will open up new markets for the food service equipment sector.

Innovative and technologically sophisticated items are flooding the market, ranging from food preparation and storage research to programmable food service appliances that can prepare a variety of dishes. In the long run, it is projected that these items would assist market expansion.

The food service equipment industry’s key driving factor is the hotel sector. Food that is high-quality, nutritious, and requires less time and effort to make is preferred by busy consumers. This leads to a strong inclination toward quick-service eateries as well.

Tourism sector to present a booster shot to the growing food service equipment market in Europe

Europe has always been one of the most famous hubs for tourists. An increasing number of tourists would certainly contribute to the hospitality sector, which is expected further to boost the food service equipment market in Europe.

The FMI analysts believe that Germany is expected to be the largest market for food equipment in Europe and holds 20.3% of the European food service equipment market.

The hospitality industry in the region has been undergoing massive upgradation in terms of infrastructure and technology. In the hotels as well, the customers prefer to go in for food that requires less time to prepare and is nutritious as well. The food service equipment plays a key role in preparing as well as maintaining the freshness of such food in hotels.

Automation to provide the room for growth in case of Japan food service equipment market

The Japanese food service equipment market is expected to surge reasonably during the forecast period. The aim of the manufacturers in Japan is to improve food quality and, at the same time, provide cost-effective service. The automation of food service equipment has helped in scaling the quantity, increasing the quality, and at the same time, offering services at affordable rates.

Furthermore, the ability to maintain hygiene by sterilizing utensils has curated a lot of interest among Japanese stakeholders. Apart from that, the rising consumption of processed food is expected to surge Japan’s market share of food service equipment.

Rising technological developments in Korea presents a land of opportunities to the food service equipment market

The implementation of the latest technology in food service equipment has made it easier for consumers to select the right menu.

The manufacturers in Korea are making use of technologies like IoT, data analytics, etc., to ensure synchronicity at all levels. The implementation of such technology ensures that wastage is reduced and the efficiency of the restaurant increases because of minimum interference.

Additionally, the introduction of multi-functional modular kitchens as a part of the food service equipment ensures that the operations are streamlined. The manufacturers are making use of robots for the preparation and delivery of food, which would work in coherence with the food service equipment.

Key Takeaways from the Food Service Equipment Market Study:

The global market is expected to rise at a CAGR of 5.6% by 2034.
The United States is projected to surge at a CAGR of 4.3% by 2034.
Based on equipment type, the cooking equipment segment is expected to hold a market share of 43.3% in 2024.
By end-use, the hotel segment is projected to account for 20.3% market share in 2024.
The global market is expected to reach US$ 82,099.3 million by 2034.

“Food service equipment, including mixers, blenders, ice-cream machines, dishwashers, ovens, grills, and slicers, are being used more frequently as quick-service restaurants gain popularity. Integrating IoT and data analytics with food service equipment, including smart inventory management systems, touchscreen kiosks, integrated cooking equipment, and smart kitchens, contributes to waste reduction and increased restaurant efficiency,” says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Leading companies in the market are Electrolux Professional, Dover Corporation, Middleby Corporation, Duke Manufactures, and Tupperware Hobart Corporation. The increasing use of environmentally friendly technology equipment is directing key players to concentrate on business plans that benefit their companies, such as joint ventures, mergers, and acquisitions.

Manufacturers are working with solution providers to offer equipment that is focused on the client’s needs and addresses food waste by supermarkets, hypermarkets, and grocery shops. Furthermore, technical developments and the Internet of Things specifications define the food service equipment industry.

Key Companies Profiled

Rational AG
LG Electronics
Robert Bosch
Samsung Electronics
ACP Solution Inc.
Philips Electronics
Selecta
Haier Inc.
Illinois Tool Works
Electrolux Professional
Dover Corporation
Middleby Corporation
Duke Manufactures
Meiko
Tupperware Hobart Corporation
Ali Group SpA
Panasonic Corporation
Welbit

For instance,

In 2020, Middleby Corporation acquired Zhuhai Guangdong, a China-based United Food Service Equipment Group.
In May 2022, Welbilt, Inc. launched the Smart Restaurant Ecosystem.

Get Full Report Now

Food Service Equipment Market Segmentation

By Equipment:

Food Preparation Equipment
Drink Preparation Equipment
Cooking Equipment
Heating and Holding Equipment/ Buffet Service Equipment
Table Tops
Food Safety and Sanitation Equipment
Small Wares (1 Unit = 6 Pieces)
Dishwashers
Bar Supplies (Set)
Refrigerators and Chillers
Baking Equipment
Storage and Shelving Equipment
Food Packaging and Wrapping Equipment
Dinnerware (Set)
Glassware (1 Unit = 6 Pieces)

By End-use Industry:

Hotels
Fine Dine Restaurants
Casual Dining Restaurants
Fast Food and Quick Service Restaurants
Cafeteria
Institutional Canteens and Catering
Bakery
Commercial Kitchens
Travel Retail Services (Airways, Ships, Railways)
Household

By Sales Channel:

Online
Offline

By Region:

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

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, U.S. 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

Gellan Gum Market to Achieve USD 85.1 Million Valuation by 2032, Says Future Market Insights

The Gellan Gum Market refers to the global industry involved in the production, distribution, and consumption of gellan gum—a polysaccharide produced by the bacterium Sphingomonas elodea. Gellan gum is widely used in the food, pharmaceutical, and personal care sectors due to its unique gelling, thickening, and stabilizing properties.

During the projected period, Gellan Gum Market is expected to grow at a CAGR of 4.2 %. The market value is projected to increase from USD 56.4 Mn in 2022 to USD 85.1 Mn by 2032.

Considering the growing demand for natural & organic gelling ingredients for production of food and beverages, global consumption of gellan gum should continue to increase at a greater pace. However, Future Market Insights projects that over a ten-year forecast period, global consumption will exhibit a moderate CAGR of 3.7%.

Global gellan gum sales will incur a sluggish increment till the end of 2026, adding just over 500 MT to the current ballpark figures on global gellan gum consumption. Regardless of substituting agar as thickener for food & beverages and incurring higher use in production of pharmaceutical fluids, global sales of gellan gum will continue to rake in meagre revenues over the forecast period.

Presently, gellan gum is widely used as an alternative for various hydrocolloids such as carrageenan gum in various dairy products, protein enriched drinks and other beverages. Gellan gum enables uniform dispersion and suspension of insoluble particulates in protein-fortified beverages and nut milks.

Manufacturers of gellan gum are expanding their production capacity to meet the increasing market demand. Various international events are organised to promote the usage of gellan gum and to increase its customer base around the globe.

Key Deterrents for Growth in Global Gellan Gum Consumption

Procuring raw materials required for production of gellan gum remains to be a major challenge for manufacturers. Complex techniques used for formulating gellan gum from lactose or glucose inhibits their production among local players that have a modest manufacturing infrastructure.
Gellan gum is now being actively substituted by alternative hydrocolloids such as xanthan, pectin and gelatine, which are cheaper to produce and easier to harvest from raw materials. The consumption of carrangeenan, among such hydrocolloids, is projected to gain traction as opposed to gellan gum.

Nevertheless, several companies in the global food & beverage industry will continue to prefer gellan gum as organic thickeners for products such as jellies, soups and packaged yogurts. Leading gellan gum manufacturers in the world are expanding their production capacity, primarily focusing on delivering gellan gum products for food & beverage applications. Royal DSM, a prominent manufacturer of gellan gum, recently acquired manufacturing plants in China, while CP Kelco made headlines for expanding the production capacity of its San Diego plant.

Dancheng Caixin Sugar Industry Co. Ltd., Zhejiang Tech-Way Biochemicals Co. Ltd., Hangzhou Gellan Solutions Biotec Co. Ltd., Zhejiang DSM Zhongken Biotechnology Co. Ltd., Meron Group, Hebei Xinhe Biochemical Co. Ltd., Fufeng Group, and Inner Mongolia Rainbow Biotech Co. Ltd., are gellan gum manufacturers based in APEJ countries such as China and India. In terms of global market value, APEJ gellan gum market will account for over one-third share throughout the forecast period. US-based CP Kelco will continue to account for over 70% of global gellan gum revenues, making North America a dominant region in the global gellan gum market through 2026.

Global Gellan Gum Market Segmentation

Product Type

High Acyl Content
Low Acyl Content

Application

Food
Confectionary
Jams and Jellies
Fabricated Foods
Water-based Gels
Pie Fillings and Puddings
Dairy Products
Processed Meat
Beverages
Personal Care and Cosmetics
Industrial and Household Cleaners
Pharmaceuticals
Others

Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Browse full Report: https://www.futuremarketinsights.com/reports/gellan-gum-market

Frequently Asked Questions

What is the estimated size of the gellan gum market?
Which is the largest market for gellan gum?
Which are the top companies in gellan gum market?
What are the uses of gellan gum?
In which forms are gellan gum available?
What is the outlook on Asia Pacific Excluding Japan gellan gum market?
How is the competition structured and evolved in recent years?

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 Acerola Extract Market Set for Significant Growth, Projected to Hit USD 40.57 Billion by 2033 at a 7.6% CAGR

The Acerola Extract Market refers to the global industry involved in the production, distribution, and consumption of acerola extract derived from the acerola cherry, also known as Barbados cherry or West Indian cherry. Acerola is a small fruit rich in vitamin C and other antioxidants, making it highly sought after for its health benefits.

According to Future Market Insights, the acerola extract market is projected to be valued at US$ 40,567.06 million in 2033. A valuation of US$ 19,513.3 million is set to be showcased by the market in 2023. It is estimated to witness a CAGR of 7.6% in the forecast period from 2023 to 2033.

Over the course of the forecast period, rising consumer desire for healthy, natural, and fruit-based goods is anticipated to drive the global acerola extract market. The market is being driven primarily by rising demand for convenience food and beverage goods as well as current interest in clean-label products.

Vitamin C from acerola extracts is abundant and easier for people to absorb than manufactured ascorbic acid. It is growing more and more well-liked in the food and beverage sector. Acerola extract is used as a component in the creation of convenience meals and beverages due to its preservation properties.

Acerola is rich in vitamin C and can be consumed to strengthen one’s immune system. Acerola cherry is an astringent, similar to witch hazel. As a result, it is beneficial for curing skin blemishes, enhancing skin suppleness, addressing stomach problems, and acting as an antibacterial mouthwash.

However, undesirable side effects of acerola extracts continue to create waves in the market. These include diarrhea, vomiting, nausea, nausea, frequent urination, dizziness or fainting, and headache (including migraine) in few cases. The worldwide acerola extract market’s revenue growth is projected to be constrained by the high cost of acerola-based products as well as adverse effects from excessive use of these goods.

Key Takeaways from the Acerola Extract Market Report:

Between 2018 and 2022, the acerola extract market progressed at a CAGR of 6%.
The acerola extract market was valued at US$ 18,046.3 million in 2022.
The United Kingdom acerola extract market is projected to surge at a CAGR of 5% during the forecast period from 2023 to 2033.
In terms of product form, the powder segment is set to account for 1% of the total acerola extract market share in 2023.
The food supplements segment by application is anticipated to generate a significant share of 27% in the global acerola extract market in 2023.

“Increasing consumption of clean-label food and nutritious on-the-go food items among millennials is projected to drive acerola extract demand. Key companies are projected to launch new products in the next ten years as health consciousness burgeons worldwide,” says a lead analyst at Future Market Insights.

Competition Landscape: Acerola Extract Market

At present, heavy investments are pouring into vitamin C centric research and development activities. Consumers are seeking products that provide significant health benefits. Recent investments & research and development in the food processing industry have been useful in pulling down the number of chemicals used and providing a better alternative to increase the quality of products. Owing to its properties as a significant health supplement, the market for acerola extract in foods & beverages is anticipated to surge.

Key Industry Development:

In November 2022, Duas Rodas launched an exclusive product for the food supplement industry. This new item is a fruit extract with a standardized 40% natural vitamin C content and is marketed under the name Vitamin Ace 40. The company manufactures several products used in the food & beverage sector, for which it received the Innovation Award in 2019.

Get More Insights into the Acerola Extract Market Report

Future Market Insights, in its new report, offers an unbiased and thorough analysis of the global acerola extract market, analyzing historical demand from 2015 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections for acerola extract based on the product form (liquid, powder), application (food supplements, beverages, confectionery products, snacks, meat preservation, bakery preservation), & region.

About the Food & Beverage Division at Future Market Insights

Extensive Market Research: Complete Report and Findings

Acerola Extract Market Outlook by Category

By Product Form:

Powder
Liquid

By Application:

Food Supplements
Beverages
Confectionery Products
Snacks
Meat Preservation
Bakery Preservation

By Region:

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

About Future Market Insights (FMI)

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

Egg Replacement Ingredient Market Poised to Reach USD 2.5 Billion by 2034 with 5.9% CAGR Growth, Predicts FMI

Future Opportunities, Revenue Growth, Pricing And Profitability The global egg replacement ingredient market size is projected to increase from USD 1,399.2 million in 2024 to USD 2,478.2 million by 2034. Global sales of egg replacement ingredients are anticipated to expand with a CAGR of 5.9% over the assessment period.

The growing vegan population and the rising animal-loving population are garnering market growth. People getting more aware of animal commercialization and the disadvantages of the livestock industry is choosing to go with plant-based alternatives.
New food businesses delivering similar taste and texture of meat have now introduced eggs with plant-based yolk, helping the end-users with low-fat cooking arrangements. The faux eggs are another concept that helps the market expand its roots.
The egg replacement ingredients include nutritional and ethical benefits such as no cholesterol and higher heart benefits. Additionally, people allergic to eggs and any dish made from eggs are also a big consumer force in the market.
The lower fat in a vegan egg also serves lower calories and protein, but the lower protein levels are comparatively limited. Hence, it becomes a better alternative to chicken eggs. Lastly, the strong force of authorities not supporting the mass breeding and fertility-supporting medications due to their adverse effects on animal and human health as well.

Key Points

The United States is expected to remain the leading consumer of egg replacement ingredients during the forecast period. As per the latest analysis, the United States egg replacement ingredient market size is expected to reach USD 732.3 million in 2034.
Germany and the United Kingdom are set to record high CAGRs of 7.7% and 7.1%, respectively, through 2034.
Global sales of egg replacement ingredients recorded a compound annual growth rate (CAGR) of 6.1% from 2019 to 2023. Over the next ten years, the global market for egg replacement ingredients is expected to surge at a CAGR of 5.9%.
Based on ingredient type, the milk protein formulation segment is projected to hold a dominant market share in 2034.
Egg replacement ingredients are gaining immense traction in the commercial sector, and the trend is expected to continue through 2034.

Competitive Landscape

The key vendors focus on delivering accurate taste and texture. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Browse full Report: https://www.futuremarketinsights.com/reports/egg-replacement-ingredient-market

Recent Market Developments

Kerry Group has introduced the Hyfoama for egg white and gelatin applications. The plant and dairy-based protein hydrosalts are specially created to replace eggs in food and beverage applications.
Archer Daniels Midland Company has launched its series of functional plant proteins that are likely to replace eggs or dairy.

Key Segments Covered

By Form:

Dry
Liquid

By Ingredient:

Dairy Proteins
Starch
Algal Flour
Soy-based Products

By Application:

Bakery & Confectionery
Savories
Sauces
Dressings & Spreads

By Distribution Channel:

Convenience Stores
Hypermarkets
Departmental Stores
Others

Key Regions Covered

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

About Future Market Insights (FMI)

Contact Us:

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

Advanced Wound Dressing Market to Reach USD 8,374.50 Million by 2034 at a 2.80% of CAGR

The global advanced wound dressing market is set to grow significantly, with an estimated valuation of USD 6,353.7 million in 2024. Driven by continuous advancements in the medicare industry, particularly in wound care technologies, the market is projected to expand at a CAGR of 2.80%, reaching USD 8,374.50 million by 2034.

The global wound care landscape is set to benefit from this surge in investment and research, leading to better care, faster recovery times, and a higher quality of life for patients suffering from a wide range of wound types.

An exciting development to watch is the integration of biomaterials like alginates and silver into topical wound healing treatments, which is poised to further propel sales. These advancements are inspiring leading industry players to pioneer effective and cutting-edge solutions for advanced wound healing, ensuring a promising future for the market.

Product developments in the advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on the cards. Apart from these products, the emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in countries including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management industry.

Key Takeaways from the Global Advanced Wound Management Industry Analysis

Advanced wound dressing is anticipated to dominate the product segment.
Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
Hospitals, followed by clinics are expected to account for maximum market sales.
The U.S. is projected to witness high demand in the advanced wound management market, owing to increasing number of diabetic patients in the country.
The U.K. will emerge as a lucrative market with rapid product developments by leading players.
China will exhibit high demand for advanced wound management due to increasing incidence of chronic wounds and reimbursements for medical expenditure.
The advanced wound management industry in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

Global Advanced Wound Management Industry Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are among the leading players in the market, accounting for approximately 3/4^th of the market share.

Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

A Old Full Report Analysis Click Here

Global Advanced Wound Management Industry by Category

By Product Type:

Advanced wound dressings
- Alginates
- Collagens
- Films
- Foams
- Hydrocolloids
- Hydrofibers
- Hydrogels
Wound contact layers
Superabsorbent dressings
Negative pressure wound therapy devices
- Standalone NPWT devices
- Portable NPWT devices
- Single-use disposable NPWT devices
- NPWT accessories

By Application Type:

Chronic ulcers
- Venous leg ulcers
- Diabetic foot ulcers
- Pressure ulcers
Non-healing surgical wounds
- Traumatic wounds
- Burn cases

By End-User Type:

Hospitals
Clinics
Ambulatory surgical centers
Skilled nursing facilities

Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us: